Latest / Simply Bitcoin / FORGET JP Morgan & Blackrock, we FINALLY Know WHO is SUPPRESSING Bitcoins price?! | EP 1397

Transcript

FORGET JP Morgan & Blackrock, we FINALLY Know WHO is SUPPRESSING Bitcoins price?! | EP 1397 · Simply Bitcoin

• 0:02
  While everyone's been blaming JP Morgan and BlackRock for
• 0:06
  manipulating the price of Bitcoin, there's been someone
• 0:09
  else that's quietly helping these massive institutions
• 0:13
  suppress Bitcoin, but not for the reasons you might think.
• 0:17
  Based on all of the recent moves by banks and Wall Street into
• 0:21
  the space the last few weeks, it's starting to look like these
• 0:24
  whales are playing games so that they can scoop up Bitcoin at
• 0:29
  discounted prices yes guys, we finally, I think have proof of
• 0:34
  what's going on. It actually happened once again
• 0:37
  this morning, but before I show you kind of before I chart boy
• 0:40
  on you guys, I'm I'm not really going to chart boy.
• 0:43
  I'm I'm just going to show you that it's actually happened.
• 0:45
  Let me kind of lay out exactly what's going on so here's a
• 0:49
  great tweet breakdown here by bull theory IO and he goes why
• 0:55
  has Bitcoin been dumping at literally exactly 10 AM when the
• 0:59
  US markets open and it's because Wall Street wants Bitcoin on the
• 1:05
  cheap guys it's it's what I've been telling you guys look guys,
• 1:08
  you think you think I'm just like talking smack here yes.
• 1:11
  Maybe I am the source, but I'm telling you guys there is some
• 1:15
  shenanigans going on in the market right now and it's so
• 1:18
  they can buy Bitcoin on the cheap.
• 1:21
  I've been calling it the billionaire flood playbook for
• 1:23
  years You Bitcoin, you get yourself a good position in
• 1:27
  Bitcoin and then finally when you're ready, you let it RIP
• 1:31
  it's basically what's going on so here this this was posted
• 1:36
  December 8th, So it's been happening for a couple of days
• 1:38
  now Actually it probably a couple of weeks now, but today
• 1:41
  this was on the eights Bitcoin E raised 16 hours of gains in just
• 1:44
  20 minutes after the US market open since early November,
• 1:47
  Bitcoin has dumped most of the time after U.S. markets open.
• 1:51
  The same thing happened in Q2 and Q3 and zero had has been
• 1:55
  calling this out repeatedly and he thinks it's Jane St. and I
• 1:58
  think that's who it is guys, it's Jane St.
• 2:01
  They're most likely the entity doing this.
• 2:03
  When you look at the chart, the pattern is too consistent to
• 2:05
  ignore a clean wipeout within an hour of the market opening
• 2:09
  followed by a slow recovery. That's classic high frequency
• 2:13
  execution and it fits their profile.
• 2:15
  Jane Street is one of the largest high frequency trading
• 2:18
  firms in the world. They have the speed and the
• 2:20
  liquidity to move market for a few minutes and the behavior is
• 2:24
  very simple. One you dump Bitcoin at the
• 2:27
  market open 2 you push price into the liquidity pockets,
• 2:31
  which I've been telling you guys they're trying to clear the
• 2:33
  leverage in the system and it's usually where these liquidity
• 2:37
  pockets are. You know, you clear the shorts,
• 2:39
  you clear the longs, you basically clear everyone out in
• 2:43
  the market and then you re enter lower and you repeat this on the
• 2:47
  daily. If this was happening just
• 2:49
  occasionally, I think it just kind of be like normal market
• 2:55
  move. You'd be like, yeah, whatever,
• 2:56
  but it's literally happening almost every day at exactly the
• 3:00
  same time. And it happened again this
• 3:02
  morning. I saw some people in the chat
• 3:04
  earlier. They're like, man, another day
• 3:06
  of Bitcoin being down. Well, if you see when this
• 3:10
  happens, it literally happens the first hour of the markets
• 3:14
  being open. So it isn't just by accident.
• 3:17
  It's not just you know, Bitcoin is weak because of the macro
• 3:20
  indicators going on. There is someone in the market
• 3:23
  that is very actively trying to tank the price so that they can
• 3:27
  get in lower, so that they can not only make money when it
• 3:31
  drops, but they can get at a better price.
• 3:33
  And by doing this, James St. has accumulated billions in Bitcoin.
• 3:38
  As of now, James St. holds 2.5 billion worth of Blackrock's I
• 3:41
  Bit ETF, which is their 5th largest position.
• 3:44
  Obviously this was a couple of days ago, so they're probably
• 3:48
  got more than 2 1/2 billion dollars in I bit ETF.
• 3:51
  And this means most of the in Bitcoin isn't due to macro
• 3:54
  weakness like I just said, but due to a manipulation by one
• 3:58
  major entity. And once these big players are
• 4:01
  done with buying Bitcoin will continue its upward momentum.
• 4:05
  Now I know a lot of people will always say I told you Opti, you
• 4:09
  know, they they can manipulate Bitcoin.
• 4:11
  Like what I thought you guys said Bitcoin can't be
• 4:14
  controlled. Well, obviously the price in the
• 4:17
  short term can get manipulated. All markets can get manipulated.
• 4:21
  I saw a lot of people arguing over gold in the chat this
• 4:23
  morning. It's like, how do you think
• 4:25
  they've been able to suppress gold for so long?
• 4:28
  It's the paper gold market. Hence why 2025 was dubbed, you
• 4:32
  know, paper Bitcoin summer is because now the paper is in the
• 4:36
  market through these ETF. Do these derivatives do of
• 4:39
  course, leverage it's all happening in Bitcoin.
• 4:42
  But I do believe this can only happen in the short term.
• 4:45
  In the long term, they're not going to be able to control
• 4:47
  Bitcoin. And even further, what I always
• 4:49
  say is, yeah, they can, you know, definitely whipsaw the
• 4:52
  price, but they can't actually control the base layer, the
• 4:56
  transactional layer of Bitcoin. So yes, they are trying to keep
• 5:00
  the price of Bitcoin low is because they want to buy it.
• 5:03
  Now, a lot of people are saying recently, oh, you know, they're
• 5:07
  trying to crash Bitcoin. They want Bitcoin to go to 0
• 5:09
  because it threatens their whole business model.
• 5:12
  I don't think that's what's going on.
• 5:13
  Obviously, that is true. Bitcoin does threaten a lot of
• 5:17
  traditional financial business models, but it's not, they're
• 5:21
  not just trying to tank the Bitcoin price so that it goes to
• 5:23
  0. They're trying to keep the price
• 5:25
  down so that they can get a good position in the market.
• 5:28
  They understand what we understand.
• 5:30
  Look, you can't put the genie back into the bottle.
• 5:33
  Bitcoin is never going away. There is no, in my opinion,
• 5:36
  again, in my opinion, there's no future that Bitcoin as it is.
• 5:41
  And if it can maintain its decentralization and of course,
• 5:44
  it's adoption growth, there's no world from here on out where we
• 5:48
  go back to a Fiat standard, a gold standard.
• 5:51
  It is the Bitcoin standard. This is the future of money.
• 5:55
  Of course, I'm biased, but that's how I view this thing.
• 5:58
  OK, going further, we do have a little more kind of breakdown of
• 6:02
  what exactly is going on here again the next day.
• 6:07
  So what was this December 12th? So this morning breaking the 10
• 6:10
  AM manipulation is back. Bitcoin dropped $2000 and 35
• 6:14
  minutes and wiped out $40 billion from its market cap,
• 6:17
  $132 million worth of longs have been liquidated in an hour and
• 6:22
  they go, this is getting ridiculous.
• 6:24
  OK, going further, another kind of breakdown of what James
• 6:28
  Street is most likely doing. Obviously we kind of, we have a
• 6:33
  smoking gun. This seems to be the source of
• 6:36
  who is manipulating the price. Now, when I was kind of coming
• 6:39
  up with this idea this morning, I'm like, I, I kind of made the
• 6:43
  case. It's like, oh, OK, you know,
• 6:45
  the, the price manipulation isn't coming from Black Street
• 6:48
  or, I'm sorry, BlackRock and JP Morgan, it's coming from James
• 6:53
  St. Like cool.
• 6:54
  We finally found the source and Luke was saying because we, we
• 6:58
  did talk this morning and he was like, no, dude, I think it's
• 7:01
  probably JP Morgan because we, we, I think we can very easily
• 7:05
  prove that JP Morgan was kind of manipulating the price.
• 7:08
  We know they were trying to manipulate the stock price of
• 7:10
  MSTR. They did a really good job and
• 7:12
  then they launched their product.
• 7:14
  He's like, I think it's, I think it's these big institutions and
• 7:18
  James St. of course, JP Morgan's one of the biggest bank in the
• 7:22
  US, Blackrock's the biggest asset manager in the world and
• 7:25
  James Street is the biggest high frequency trading firm in the
• 7:29
  world. So I think all of these things
• 7:31
  are working in conjunction right now.
• 7:33
  So this demoralization that you felt all year, you can finally
• 7:38
  start to find the root of it. This is what they've been
• 7:41
  wanting to do. The fact that everyone is
• 7:43
  getting bearish, the fact that they're launching all of these
• 7:46
  big Bitcoin products at the very same time just keeps telling me
• 7:50
  that like, yo, this has all been organized.
• 7:53
  This is all part of the plan right now because they know they
• 7:57
  can't stop this thing long term. But what they can try to do is
• 8:01
  get a discount on it, get that, get themselves in a good
• 8:04
  position. And once everyone's in position,
• 8:06
  once all of Wall Street basically has a position, or
• 8:09
  rather maybe all the key players of Wall Street have a solid
• 8:11
  position, and then they're going to send it, Guys.
• 8:14
  Like, this is basically what I've been telling you guys the
• 8:17
  last few weeks. And we finally have the source
• 8:20
  here. We have the smoking gun.
• 8:21
  Yes, Wall Street is playing some games with the price.
• 8:26
  Wall Street is doing Wall Street things.
• 8:28
  We knew this was going to happen.
• 8:29
  As I've been saying on the show, we've all been essentially
• 8:33
  begging for the institutions to come in because we thought they
• 8:36
  were going to pump our bags. And I've been saying, you know,
• 8:39
  be careful what you wish for. This is what happens when Wall
• 8:42
  Street comes into a literal tiny market.
• 8:45
  Bitcoin is a puddle compared to the ocean that is the
• 8:49
  traditional financial Wall Street markets.
• 8:51
  And if you don't think that they can mess with the price in the
• 8:54
  short term when Bitcoin is under $2 trillion, you really don't
• 8:57
  understand how Wall Street works.
• 8:59
  You, you're really being naive about how you know, quote UN
• 9:03
  quote, capitalism plays out on Wall Street.
• 9:05
  This is literally by the playbook.
• 9:08
  We've seen this, this happened multiple times in multiple
• 9:10
  different markets. It, it doesn't necessarily mean
• 9:13
  Bitcoin's being controlled. It just means that, hey, we're
• 9:15
  not in the driver's seat right now until retail comes back,
• 9:18
  until we see FOMO, until we see huge amounts of individual
• 9:24
  conviction going into Bitcoin, they're going to be able to
• 9:27
  whipsaw this market. So that that's just where we are
• 9:30
  right now, guys. That's where we are in the
• 9:31
  movie. But going further here is a
• 9:34
  little more of a breakdown of the mechanic.
• 9:36
  So Jane St. puts Bitcoin on sale nearly every day, then it bought
• 9:40
  buys calls after they beat up the price, and then Jane Street
• 9:43
  is one of the biggest market makers in high frequency trading
• 9:45
  firms in the world. Jane St. holds over $202.5
• 9:49
  billion worth of Blackrock's IBIT ETF, again their 5th
• 9:53
  largest position. They own shares directly and
• 9:56
  they are the second largest owner of IBIT.
• 9:58
  Calls options to buy more IBIT. Dude I've been telling you guys
• 10:03
  there's someone in the chat said this to me the other day.
• 10:06
  It's like it was actually a comment on YouTube.
• 10:08
  They're like oh Opti what a horrible take.
• 10:12
  You said that JP Morgan isn't incentivized to nuke Bitcoin
• 10:17
  because they're making so much money off.
• 10:20
  Of this is like. Bitcoins going to destroy JP
• 10:22
  Morgan as an institution. I'm like.
• 10:24
  Bro. They like money that you don't
• 10:27
  understand how much money they're making right now.
• 10:29
  Wow, Main Street while everyone, even Bitcoiners are feeling
• 10:34
  bearish. You know, I, I know a lot of
• 10:35
  bitcoiners that are like, oh, I'm going to trade the top, you
• 10:38
  know, 126 with the top. I'm going to buy down lower.
• 10:41
  And I just keep thinking I'm like, yo, Max Payne is the true
• 10:44
  believer sitting on the sidelines waiting for 50K30K58K
• 10:50
  Bitcoin. And Bitcoin doesn't get below
• 10:53
  75K80K, maybe 70K. And then it.
• 10:57
  Rips, when all these institutions are in, I'm like,
• 10:59
  yo, they are making money hand over fist right now.
• 11:04
  You got to remember these players aren't dumb.
• 11:07
  They have launched these products now, yes, of course
• 11:10
  they make money whether Bitcoin goes up or down.
• 11:13
  But they're also at this beginning point, they're at the
• 11:17
  starting line where essentially there still is some kind of
• 11:22
  reputation arbitrage going on right now where if they come
• 11:27
  out, and by they, I mean Wall Street, if Wall Street comes out
• 11:29
  and embraces Bitcoin and it absolutely tanks and destroys
• 11:34
  all of their clients products, that is some pie on their face.
• 11:38
  And, and they don't want that to happen.
• 11:40
  They, they are hinging a little bit of the reputation on
• 11:43
  embracing Bitcoin. It's the beginning of that
• 11:45
  story. Again, their starting point is
• 11:48
  100K. If they can get a discount,
• 11:50
  build their products, get their bags packed and then it rips to
• 11:53
  250K. They are looked upon as
• 11:57
  geniuses. I think this is what's playing
• 11:59
  out guys. I think this is literally by the
• 12:02
  playbook exactly what's going on.
• 12:04
  Hence why I am so bullish for 2020 26.
• 12:07
  I feel like the foundation has been fully built out in 2025.
• 12:10
  The macro kind of indicators that the macro outlook is
• 12:14
  starting to shift again. I told you guys yesterday, the
• 12:18
  money printers coming back on, we are basically in QE without
• 12:22
  calling it QE. It's starting to look like 2025.
• 12:26
  Bitcoin did kind of get pummeled because of all of the macro kind
• 12:30
  of outlook. There's a lot of negative
• 12:31
  uncertainty. Now, it looks like if things do
• 12:35
  turn around in 2026, the money printer comes back on, liquidity
• 12:38
  comes back on. We all know for in the US in
• 12:41
  particular, midterms are next year.
• 12:44
  So they're going to have to run the economy very hot so that
• 12:46
  people basically vote them back in, especially when the
• 12:50
  Republicans run on a platform of economics and, you know,
• 12:53
  prosperity. And if everyone is feeling poor,
• 12:56
  they're not going to get voted back in.
• 12:58
  So what are they going to do? They're going to run the economy
• 13:01
  super hot, they're going to probably continue to lower
• 13:06
  interest rates. They're going to decimate the
• 13:08
  purchasing power because those things work hand in glove
• 13:10
  together. They need they need more
• 13:13
  liquidity and they need looser interest rates, looser monetary
• 13:16
  policy for them to be able to kind of make everyone feel like
• 13:20
  they're making a lot more money. Anyways, going back to this, how
• 13:23
  does this James St. kind of dump work?
• 13:25
  I did lay it out a minute ago, but you dump Bitcoin at open,
• 13:29
  you push the price into these liquidation zones, you re enter
• 13:32
  lower and you just keep doing this.
• 13:34
  This is how you accumulate a lot of Bitcoin.
• 13:36
  This is how Wall Street works. You think Wall Street out here
• 13:39
  like all right, guys, we're just going to buy spot Bitcoin and
• 13:43
  we're going to huddle. They're like no, we're going to
• 13:45
  liquidate the market. We're going to liquidate all the
• 13:48
  leverage so that we are the ones in place so that people come to
• 13:51
  us for the leverage. People come to us for the
• 13:53
  custody, accumulate a huge position, and then we'll send
• 13:58
  it. This is literally free Bitcoin
• 14:00
  for them. This is them just freaking
• 14:02
  rinsing and repeating this process while everyone's on the
• 14:06
  sideline reading the tea leaves essentially being like, oh, we
• 14:09
  hit 126 K in October, 18 months after the halving, bro, we're
• 14:14
  going into a bear market and Wall Street's coming in like,
• 14:17
  yo, like give me your lunch, amateur.
• 14:21
  Like I am taking this. I'm literally drinking your
• 14:23
  milkshake right now because you don't understand how this works.
• 14:26
  So again, you know, don't listen to people that say, and I'm one
• 14:30
  of them, that it's not impossible to manipulate the
• 14:33
  price of Bitcoin. It totally is.
• 14:36
  But you can't actually control the Bitcoin network unless you
• 14:41
  control all of the Bitcoin, unless you can control the base
• 14:44
  layer, the transactional layer, then I would consider that
• 14:49
  control over Bitcoin. But they can totally manipulate
• 14:51
  the price. And actually, I was talking to
• 14:53
  Rustin this morning, and I'll continue on this process.
• 14:56
  And Rustin was saying, because we were talking about this
• 14:59
  process, he actually did a funny tweet.
• 15:01
  I don't know if I can pull it up on YouTube right now, but he did
• 15:04
  a funny tweet. You know, whoever is
• 15:06
  manipulating the Bitcoin price at 10 AM, they should go
• 15:08
  straight to jail. And I respond, I'm like, yeah,
• 15:11
  we're going to cover this on today's show.
• 15:13
  We know who it is. It's Jane St.
• 15:14
  Like Jane Street is the culprit here.
• 15:16
  And Ruston said something like, well, if we know that they're
• 15:21
  manipulating Bitcoin at the exact time they're going to do
• 15:24
  it, then all we need is a bunch of people DCA ING and buying
• 15:28
  Bitcoin. And I'm like, yeah, in theory
• 15:31
  that would work. But they have way more capital
• 15:34
  than all of us combined at the moment.
• 15:36
  Again, there is hardly been any volume in Bitcoin.
• 15:39
  The only people left in Bitcoin are Bitcoiners.
• 15:42
  And most of us have no more Fiat.
• 15:44
  And they're out here, you know, buying billions, hundreds of
• 15:46
  billions of of Bitcoin. They're shorting the market.
• 15:50
  It's like we are getting dwarfed just by the size of the capital
• 15:53
  that Wall Street has. And they're dipping their toes
• 15:56
  into this whole new market. They're literally dipping their
• 15:58
  toes into a puddle. And we are just fleas on the
• 16:02
  dog's tail at this point. This is why they're able to
• 16:06
  manipulate the Bitcoin price. And then also, as we've seen
• 16:09
  with ETFs, the paper in the markets is how they actually
• 16:13
  manipulate the markets. And that just got unleashed.
• 16:16
  So until a lot of people come back and forth to buy Bitcoin,
• 16:20
  accumulate a lot of Bitcoin, or yeah, that's the only way we're
• 16:24
  going to do this. But we're being dwarfed by the
• 16:26
  size of capital that's in Bitcoin right now.
• 16:28
  So, you know, the the only winning play is I've been
• 16:31
  telling you guys is do what they're doing.
• 16:34
  You just accumulate Bitcoin. Yes, it's been whipsawing.
• 16:37
  Yes, it's kind of dumping. I don't believe it's going into
• 16:40
  a bear market, not with all of these indicators coming out.
• 16:43
  You know, all of Wall Street essentially being like, yeah, I
• 16:45
  want some chomping at the bits to get into Bitcoin.
• 16:49
  I am. I'm not convinced of a bear
• 16:50
  market. They're they're accumulating so
• 16:52
  much coin right now. They're literally wrecking all
• 16:56
  of the traders right now. Hence why I keep saying, and we
• 16:59
  always say on this show, you should not be trading Bitcoin.
• 17:02
  You cannot outsmart these high frequency algorithm trades.
• 17:07
  It's just you're not going to do it.
• 17:09
  So what should you do? You just buy Bitcoin and you
• 17:11
  accumulate it and you take it in the cold storage because the
• 17:14
  only real power you have is controlling your Bitcoin.
• 17:19
  You cannot leave the coin on exchange.
• 17:23
  Oh, my bad guys. My guess I had the wrong audio
• 17:26
  on here. But we're back.
• 17:28
  We're back. OK, going further.
• 17:31
  Here we go. Here's a little more of what's
• 17:34
  going on. Susquehanna, Jane St. and
• 17:37
  Citadel are the three largest institutional players in I bit
• 17:40
  derivatives. They own most of the calls.
• 17:42
  They own the upside. Look at the surge in Jane St's
• 17:45
  position. Understand how much Bitcoin, how
• 17:48
  much higher Bitcoin is going. Understand in the interim that
• 17:51
  Bitcoin price is being suppressed until these quote
• 17:54
  masters of the universe finish loading up.
• 17:57
  Then we see 250K Bitcoin. 2026 is my bet.
• 18:00
  Seems to be what Wall Street's betting as well.
• 18:04
  Remember what Wall Street has been telling us?
• 18:07
  Remember what JP Morgan has been telling us?
• 18:09
  They say 170 next year, 150 next year.
• 18:13
  I think it could go higher than that.
• 18:14
  Obviously I've been wrong on my price predictions all year, but
• 18:18
  I'm not convinced that 2026 is going to be a bear market.
• 18:22
  As I was arguing with Nico yesterday, the cycle theory is
• 18:25
  completely broken. Whether you believe 20 October
• 18:29
  was the top at 1:26 or not. The if we maintain where we are
• 18:35
  right now, which I'm actually not convinced that we're going
• 18:37
  to be on a red year as we're kind of seeing the price get a
• 18:41
  little frothy, we might actually end up on a positive year
• 18:45
  though. It's going to basically be like
• 18:46
  break even, maybe 100K, which is still what like I don't have 5%
• 18:51
  up on the year. It's I, I, I'm convinced the
• 18:54
  four year cycle is broken. But what does that mean going
• 18:56
  further? We really have no idea if we
• 19:00
  have a red year this year, even if it's a positive green year,
• 19:04
  it doesn't mean that next year's going to be a negative, a huge
• 19:08
  negative bear market. It could potentially be a
• 19:10
  positive parabolic year. This could be Bitcoin's last
• 19:13
  year just fundamentally changing the entire market of Bitcoin.
• 19:17
  But you know, going further, I'll, I'll show you a little
• 19:20
  more of the fact. Oh, actually, we'll, we'll start
• 19:23
  with this. We'll start with the price
• 19:25
  today. I'm not chart boying.
• 19:26
  OK, guys, I'm not chart boying. This is not chart boying.
• 19:29
  I'm just showing you literally look at the time, Friday,
• 19:34
  December 12th, this says 15 o'clock, which was literally 10
• 19:37
  AM this morning. It's happening on clockwork and
• 19:42
  you can see they, they kind of what they do.
• 19:44
  They did a oops wrong way, wrong way.
• 19:47
  They did. Let's see what, what'd we do?
• 19:49
  You know, a little 3% drop. Just just a little action here,
• 19:54
  just a little action here. But this is where it gets
• 19:57
  interesting. As I've been telling you guys,
• 19:59
  this has been happening literally like clockwork almost
• 20:02
  every single day, right? When the markets open, it just
• 20:05
  absolutely dumps on us and it's demoralizing us.
• 20:07
  We're just, we're just Barting this whole time.
• 20:09
  It's just nothing but Barts and everyone's wondering what is
• 20:12
  going on. Well, here is the senior analyst
• 20:15
  at Coindesk. He's been covering this for a
• 20:17
  couple of days. He goes exactly 3 weeks ago,
• 20:19
  Bitcoin went below 90K. Each time it has gone below 90K
• 20:23
  in the past three weeks. The duration has been shorter,
• 20:26
  which is essentially telling you that they are losing their power
• 20:28
  to do this. Yes, they can manipulate the
• 20:31
  price, but at a certain point they can't really.
• 20:33
  They push the, you know, the, the beach ball underwater that
• 20:36
  much that far and then slowly but surely they will lose that
• 20:40
  power and it's going to RIP on the other side.
• 20:42
  Here we go. You know, Jane, sorry, James Van
• 20:46
  Stratton, he's actually been covering this a little bit and
• 20:50
  he goes, you know this one December 9th, Jane St. couldn't
• 20:54
  even get it below 90K for a second today.
• 20:57
  Well, they, they finally were able to do that and then
• 21:00
  December 10th James St. got to 91.6 K today.
• 21:04
  They're not working hard enough. Obviously the Bitcoiners are
• 21:07
  like, man, can we get this to RIP?
• 21:09
  And then they go, they managed to get Bitcoin below 90K for a
• 21:12
  few minutes today. Again, the low was in the 1st 30
• 21:15
  minutes of trading DGDJIIWM at all time highs, which will be
• 21:20
  followed by NASDAQ and SPX before year end.
• 21:22
  Still dislocation between equities and Bitcoin, but still
• 21:25
  believe Bitcoin gaps up rather than stocks go down.
• 21:29
  And I really don't even know what this IWM is but he did do
• 21:34
  this chart. Was it this one?
• 21:38
  No, I don't think it was. But here's his case that he's
• 21:41
  making. He says since the USETF launch,
• 21:43
  Bitcoin has now had five months or has not made a bottom within
• 21:45
  the 1st 10 days of the month. Structurally, the market changed
• 21:48
  in November after the October liquidation crash.
• 21:51
  Bitcoin has so far bottomed in the 1st 10 days of December.
• 21:55
  Looks like the market structure is back, which is something I
• 21:58
  told you guys for the last couple of weeks where we see
• 22:02
  this interesting trend going on. There's two kind of interesting
• 22:06
  market, I don't know if you want to call it manipulation or maybe
• 22:09
  this is just a, a structure of the fact that the institutions
• 22:14
  are in Bitcoin. But within the 1st 5 to 10 days
• 22:18
  of every month, you do see, you do put in the, the Bitcoin low
• 22:22
  of that month. And a lot of people have been
• 22:24
  thinking that it's these institutions rolling over their
• 22:26
  kind of monthly bets. And now we're seeing that at
• 22:31
  literally at 10 AM basically every single day, right when the
• 22:34
  markets open, we see this crash, it sets the low and then it
• 22:38
  slowly starts rising up again. So I will go back here for a
• 22:42
  little bit. You know, we could we could look
• 22:43
  at some chart bowling. I know, I know you guys love the
• 22:46
  chart bowling. This is the one hour chart here,
• 22:48
  but I'll show you like the one day chart, which is kind of what
• 22:52
  I'm looking at. You know, I'm not I'm not not I
• 22:54
  don't trade, but I do like to put magic lines on a chart and
• 22:58
  and kind of guess where it's going.
• 23:01
  So I am seeing this kind of like trend, you know, lower highs and
• 23:04
  you can see like we barely been able to get over 92 K Every time
• 23:09
  we do, they push it back down. As you can see, it's starting to
• 23:13
  lose that power pretty soon. I think it's going to start to
• 23:16
  RIP up and then we'll start making a move to one O 8.
• 23:20
  Oh wait, I didn't show it. Sorry guys, but what what do I
• 23:23
  know here Actually, I'm sorry, sorry, I got to repeat myself
• 23:25
  little trend line here. Every time it gets to 92 K, it
• 23:29
  comes back down, barely breaks out, comes back down, breaks
• 23:32
  outcomes back down. You can see it's just a pattern
• 23:35
  of you know, popping up kind of getting frothy and then it will
• 23:40
  eventually, I think, break to the upside.
• 23:43
  This is what I've been saying on the show for the last couple of
• 23:47
  weeks. So it's specifically when Nico
• 23:49
  came out and was is extremely bearish on me.
• 23:52
  I'm like, bro, you are you're you're still working on old
• 23:55
  paradigms here. You're still thinking in four
• 23:57
  year cycles now. I'm still up to this point, you
• 24:02
  know, on the fence of whether the four year cycle is
• 24:04
  completely intact or not. Obviously if you're looking at
• 24:08
  kind of the the basic theme or idea of a four year cycle, which
• 24:11
  is 18 months after the halving is when you'll see an all time
• 24:15
  high and then you're going to go into a bear market.
• 24:17
  Now the other kind of four year cycle halving meme is 3 green
• 24:22
  years, one red. As of now, we have not done
• 24:25
  that. We need to get to what is it
• 24:28
  like 93 something? I mean, let me double check
• 24:32
  here. So the year opened at 93,403.
• 24:36
  We're currently at 90,000 or sorry, yeah, currently at
• 24:40
  90,200. So we can potentially have a red
• 24:46
  year here. It could potentially be a
• 24:48
  neutral, just nothing happened all year long.
• 24:51
  Yes, there was volatility up and down, but if the close is
• 24:55
  roughly where we are now or roughly where the year open, I I
• 25:01
  think that 3 green years, one red year is just it's completely
• 25:06
  broken that that's no longer holds any weight and actually an
• 25:10
  interesting kind of conspiracy theory.
• 25:13
  I don't I I just like using that word.
• 25:15
  An interesting theory that Luke was kind of telling me, which
• 25:18
  does kind of go into the greater theme of just demoralizing
• 25:22
  bitcoiners. Here.
• 25:23
  It is breaking that four year cycle meme.
• 25:26
  The institutions are finally in and they're like, well, I know
• 25:29
  what the Bitcoiners believe. I I know where their targets
• 25:33
  are. So let me just break all of
• 25:34
  their models, confuse them, and then we just take this to the
• 25:38
  moon. Like my Max Payne theory is
• 25:42
  literally that, that, you know, we were all expecting a 2025
• 25:46
  blow off top. That didn't happen.
• 25:49
  So bit corners are getting scared.
• 25:51
  They think it's going to go into a bear market.
• 25:53
  You know, some bit corners sell out at local tops or maybe the
• 25:56
  all time high 126 and then they expect the price to go back down
• 26:00
  lower. But what would be Max Payne in
• 26:03
  that scenario? That the true believers of
• 26:06
  Bitcoin are sitting on the sidelines in cash as Bitcoin
• 26:10
  starts ripping and it rips past their sell point and then they
• 26:15
  aren't able to get back to Bitcoin that they sold and Wall
• 26:18
  Street is laughing to the bank. It's literally that one meme
• 26:21
  where they're all in suits laughing.
• 26:22
  It's like the Bitcoiners thought it was going to be a four year
• 26:26
  meme cycle. We come in, we completely blow
• 26:29
  their models out of the water, we pack our bags, we literally
• 26:33
  take their Bitcoin and then we RIP it and then they have to
• 26:38
  chase the price. And I'm like, man, I think
• 26:41
  that's what's happening. Like I am totally convinced that
• 26:44
  this is happening with all the stuff we've seen this year on,
• 26:47
  even starting from last year. Again, I've made this case.
• 26:50
  I'm a broken, broken record at this point, but there's still a
• 26:53
  lot of people that are that are believing in the four year
• 26:56
  cycle. But I think all of our memes in
• 26:59
  regards to the four year cycle are broken.
• 27:01
  One, we really only have three data points.
• 27:03
  Yes, Bitcoins been around for what, 16 plus years?
• 27:06
  17 Are we going on 17 years right now?
• 27:08
  Yeah, we're about to go to 17 years and we've had three bull
• 27:13
  runs, 3 Bear, you know, four year cycles.
• 27:17
  It's not enough data to really kind of hang your hat on and be
• 27:21
  like, Oh yeah, the pass is going to repeat the very same way.
• 27:24
  Second, secondly, secondly, we had a halving before or all time
• 27:31
  high before. The halving never happened
• 27:33
  before 2025, the parabolic year. It's a negative red year or
• 27:38
  maybe just a neutral year. We didn't see any parabolic run
• 27:42
  at all. It's just kind of whips all it
• 27:44
  up and down. But overall it's the same exact
• 27:47
  price. The institutions are able to
• 27:49
  come in full force. There's a, you know, and you
• 27:52
  might not like the meme, but the Bitcoin president of the United
• 27:55
  States fully going into Bitcoin. We have a an administration that
• 27:59
  is becoming more pro Bitcoin. We're, we're starting to see
• 28:02
  that elation is getting a lot clearer around Bitcoin.
• 28:05
  They have completely pivoted 180%.
• 28:09
  They no longer fighting Bitcoin. They're actually slowly but
• 28:12
  surely embracing Bitcoin. And I do have some updates on
• 28:15
  that later on in the show. Got some, some more news coming
• 28:18
  out of the CFTC and the OCC today.
• 28:22
  It's like the whole narrative shift around Bitcoin it, it's
• 28:26
  completely different now. It's a totally different game.
• 28:29
  I think since the institutions got in, they've it's
• 28:32
  fundamentally shifted everything.
• 28:34
  We are in uncharted waters. Obviously no one knows where the
• 28:38
  price is going. I don't know where the price is
• 28:40
  going. But all I can say is by looking
• 28:42
  at all the data, and I hate to say it, but this time is
• 28:45
  different. Like things have changed.
• 28:47
  It reminds me of that Zen Cohen. You know, you can never step
• 28:52
  into the same river twice. And that's what we're doing.
• 28:55
  We're we're told it's like it's a New River, it's a new game and
• 28:59
  you gotta update your mental models.
• 29:00
  This whole year I've been updating my mental models.
• 29:02
  Obviously, I'm still stupidly bullish.
• 29:05
  I've been, I've been wrong about where Bitcoin was going 'cause I
• 29:07
  was working on the old paradigm of what Bitcoin did.
• 29:11
  I did have the old expectations of what Bitcoin was going to do,
• 29:15
  but things the institutions have fundamentally changed the game.
• 29:19
  I'm totally convinced of this. I I think I'm going to be
• 29:22
  vindicated later in 2026. In the meantime, the game
• 29:27
  doesn't change. This is Bitcoin odd discount.
• 29:31
  You need to continue to accumulate.
• 29:34
  It's not enough to just buy Bitcoin once, take it into cold
• 29:37
  storage. This is the game you need to
• 29:40
  play, which is constantly buying, constantly saving in
• 29:44
  Bitcoin, constantly accumulating it and then taking it into cold
• 29:48
  storage. This is how you win the game.
• 29:51
  That's the game it's a simple game.
• 29:53
  Don't let all of the noise confuse you.
• 29:56
  Don't let the market sentimentality get your emotions
• 29:59
  riled up and you start getting depressed.
• 30:02
  I mean like you guys saw me throughout the year.
• 30:04
  I feel like I'm more invigorated now, even though I I do I do I I
• 30:09
  am looking forward to a a little break here for Christmas.
• 30:12
  I'm going to have a break Nico's going to still do the show, but
• 30:14
  I'm going to have a little weak Christmas break go back to see
• 30:18
  the fam. But this year, if you are being
• 30:20
  honest with yourself, and I know a lot of us just kind of cope
• 30:23
  and we stay stupidly bullish, but there is a lot of
• 30:26
  demoralization. I've been seeing some of my
• 30:29
  friends in the chat that are the most bullish people by like 2
• 30:33
  weeks ago. They're like, man, I'm tired
• 30:35
  boss like I thought we were going to RIP like I I thought
• 30:38
  this was going to be a good year, but Wall Street is
• 30:41
  definitely playing some shenanigans right now.
• 30:44
  They are they're messing with Bitcoin.
• 30:46
  So don't let them mess with your mind here.
• 30:48
  The game plan hasn't changed. The game plan should never
• 30:51
  change. Stack Bitcoin, saving Bitcoin,
• 30:55
  accumulate more wealth, accumulate more of the Bitcoin
• 30:58
  pie because they're that's what they're doing.
• 31:01
  They're put they they've suppressed the Bitcoin price and
• 31:05
  that they didn't even do a good job.
• 31:06
  Yeah, we were at 126. Yes, it went to 85 K, we all
• 31:11
  thought or 80K. We all thought the world was
• 31:13
  ending. They just got themselves a 30%
• 31:15
  discount and it's going to RIP. Remember, I kept telling you
• 31:19
  guys, since the ETF was launched in 2023, we've had this upward
• 31:24
  trend or wait, sorry, upward trend here where Bitcoin kind of
• 31:29
  just slow grinds. It has a 30% drawdown.
• 31:32
  It slow grinds again for a couple of months, 30% drawdown.
• 31:36
  It's just, I look, I don't know, I'm speculating, but I'm
• 31:41
  updating my model on what I'm seeing.
• 31:43
  And I think the 30% drawdown was what we're going to be seeing
• 31:47
  this. It's just going to kind of do
• 31:48
  this slow grind. You're going to get bored to
• 31:50
  death. It'll have a 30% drawdown.
• 31:52
  We all think it's going to be over and then it's going to slow
• 31:54
  grind again. So we know where it's coming
• 31:58
  from. Wall Street is definitely trying
• 32:00
  to suppress the Bitcoin price, but it's starting to lose their
• 32:05
  effect. They, they haven't been able in
• 32:07
  the last couple of weeks, or rather maybe in the most recent
• 32:10
  attempts to be able to push Bitcoin down that much more.
• 32:14
  It's only a matter of time until this, this, you know, rips to
• 32:17
  the upside. And look, I think I'm in good
• 32:20
  company here where I where I'm saying that 2026 is going to be
• 32:23
  bullish, but it's not, it's not about what they're saying.
• 32:26
  I think we're all kind of looking at the same information.
• 32:29
  The institutions are starting to get bullish, they're starting to
• 32:33
  drop products, they're starting to accumulate in bulk.
• 32:36
  They want to get Bitcoin on discount because remember,
• 32:39
  they're starting price is 100K. They just got a 30% discount.
• 32:44
  They're stacking it up. At a certain point, it's going
• 32:47
  to RIP. And I just hope that you're not
• 32:49
  sitting on the sidelines. If you didn't watch yesterday's
• 32:52
  show, what they just admitted that the money printer is coming
• 32:55
  back on, it should absolutely terrify you if you do not have a
• 33:00
  solid position in assets. Now, I did say assets broadly,
• 33:05
  but in particular, I mean Bitcoin.
• 33:07
  They're going to destroy the purchasing power.
• 33:10
  If your friends and family and everyone on Main Street isn't
• 33:14
  acquiring Bitcoin right now, it's not looking pretty for the
• 33:19
  future. Just let me put it like that.
• 33:21
  The purchasing power of the US dollar is going down in real
• 33:24
  time. Actually, I am reminded I, I
• 33:26
  didn't pull this up yesterday because we kind of started
• 33:28
  ranting, but I did mention to you guys that the Dixie chart
• 33:33
  was getting absolutely cooked yesterday.
• 33:35
  Obviously in terms of percentages, it's not that bad,
• 33:39
  but it, you know, it's, it's, it's going down.
• 33:43
  Here's the monthly chart. Wait, am I, am I showing this
• 33:46
  one? Yeah.
• 33:48
  OK, here's the monthly chart. These are 12 month candles.
• 33:52
  So you can see this year the dollar has gone down.
• 33:56
  What is this, 10%? So if you are saving in dollars
• 34:02
  this year, your dollar has lost 10% of its purchasing power.
• 34:07
  It just they, they're telling you exactly what they want to
• 34:09
  do. Guys like it's not that
• 34:11
  complicated. There is a lot of noise going on
• 34:13
  here. When they announced the, the
• 34:16
  rate cuts, you know, it went down 1%.
• 34:19
  So literally in two days you've lost 1% of your purchasing power
• 34:22
  in the dollar. It's like the game is pretty
• 34:25
  obvious. They've been telling you guys
• 34:26
  this for, for all of this year. They're telling you exactly what
• 34:30
  they want to do. They want to lower interest
• 34:32
  rates. And the, the, the tricky part
• 34:34
  is, is that as the Trump administration is, they are
• 34:38
  Americans, so they have to kind of publicly come out and be
• 34:41
  like, yes, we want a strong dominant dollar.
• 34:44
  You know, we want those, we want to maintain the world reserve
• 34:46
  currency. We want a dominant dollar via
• 34:49
  all of their policies. They're doing the exact
• 34:52
  opposite. They need to devalue the
• 34:55
  purchasing power of the dollar. That's that's how they're able
• 34:58
  to kind of get out of the position that they're in, But
• 35:01
  they can't actually get out of that position.
• 35:03
  As Lynn Alden always says, as, as Larry Leopardo, he says
• 35:07
  nothing stops this train. The big print is coming.
• 35:11
  And they just admitted that that is happening.
• 35:13
  This is why I keep telling you guys, and This is why in the, I
• 35:17
  don't know, maybe like midway of the year, you guys saw me kind
• 35:19
  of dive a little deeper into the macro geopolitics because I
• 35:23
  think the war is happening in the economics right now.
• 35:27
  You got to remember, I always say, I don't know if I said it
• 35:30
  on air or off air, but I always like to look at business as an
• 35:35
  extension of war. You trade and you know, you, you
• 35:39
  do business with countries you kind of dislike.
• 35:43
  And this is how you kind of set up your dominance is by being
• 35:47
  economically strong. And then you finally get to
• 35:51
  kinetic war, to actual physical war once all that breaks down.
• 35:55
  And so the war is happening right now.
• 35:58
  I've been saying for a while, World War 3 has been happening
• 36:00
  for a while. It's an information war and it's
• 36:02
  an economic war. And if all those breakdown, then
• 36:05
  it will get into a kinetic war. But where we are right now is
• 36:09
  economics, economics, economics, economics.
• 36:12
  I know it's super boring, but it's all about money and power,
• 36:15
  guys. You got to remember it's all
• 36:16
  about money and power. You got to follow the money,
• 36:19
  follow what they've been saying, follow what they've been
• 36:21
  essentially doing. So they might say, hey, we want
• 36:24
  a strong dollar, but in reality, all the policies are doing the
• 36:27
  opposite. They're weakening the purchasing
• 36:29
  power of the dollar. They're down 10% on the dollar's
• 36:32
  purchasing power this year. It's, it's, it's obvious as ever
• 36:36
  they have to devalue the dollar. They have to add more liquidity
• 36:39
  to the system because they can't actually raise interest rates
• 36:43
  like they could, but it might blow things up.
• 36:45
  So you're seeing in Japan, they are just announced yesterday, I
• 36:49
  think it was yesterday that they're going to start raising
• 36:51
  interest rates. It it's going to get very
• 36:54
  interesting what's going on on the economic front and if you
• 36:57
  aren't positioned correctly now, maybe you have some time, maybe
• 37:02
  you have you know, 6 to 12 months, I don't know.
• 37:06
  Obviously this isn't going to happen overnight, but the trend
• 37:09
  and the theme is starting to evolve.
• 37:11
  You need to have assets. You need to be positioning
• 37:13
  yourself. You should be stacking with a
• 37:15
  fervor right now. You should be like Michael
• 37:17
  Saylor right now. Oh, actually I do have one more
• 37:20
  thing, one more interesting thing to kind of make my point
• 37:23
  where I'm not so fully convinced that it is a sale or JP Morgan
• 37:31
  that is suppressing Bitcoin because we saw this yesterday.
• 37:36
  Michael Saylor tweeted this. Oh, sorry, I don't have it up.
• 37:40
  Michael Saylor tweeted this yesterday and he just goes, hey,
• 37:45
  guys, guess the bank. You know, I, I, I don't know, I
• 37:49
  don't know New York real estate that, that well, but he's just
• 37:54
  teasing. Guess the bank.
• 37:55
  And then we had Grok and I think ChatGPT people, you know, Fact
• 38:00
  Check this picture. And it turns out, obviously this
• 38:03
  is speculative, but J Michael Saylor was probably at JP Morgan
• 38:08
  Chase yesterday, which kind of goes into the idea I've been
• 38:12
  telling you guys is I'm not convinced that JP Morgan really
• 38:17
  has the incentive to nuke Bitcoin.
• 38:21
  I think they're starting to position themselves.
• 38:23
  I, I, I am almost on the train that the JP Morgan strategy was
• 38:29
  key fob, that it was kind of like this choreographed
• 38:33
  wrestling, you know, event here where they go out, they kind of
• 38:37
  belittle strategy. They launch their products.
• 38:40
  Obviously JP Morgan hold strategy.
• 38:44
  I'm I'm just not convinced. So look, everything I'm seeing
• 38:48
  is yes, we do know Jane Jane Street high frequency trading
• 38:51
  desk is crashing the price at 10 AM.
• 38:55
  Well, we, we're not 100% confirmed, but it could be in
• 38:59
  conjunction with JP Morgan and BlackRock so that they can get a
• 39:02
  good position in Bitcoin. But I'm not that convinced that
• 39:05
  JP Morgan wants to see Sailor fail when Sailor is out there at
• 39:11
  the headquarters. He's been saying every big bank
• 39:13
  is talking to me. Look there, there's some
• 39:17
  shenanigans going on. OK, wait guys, I just realized
• 39:20
  I've been ranting for 40 minutes already.
• 39:22
  OK, So I got to move on a little bit on my point of the four year
• 39:27
  cycle being over. We got Kathy Wood, the wonderful
• 39:32
  Kathy Wood on CNBC. Was it CNBCI?
• 39:34
  Don't know. No, I think it was on Fox
• 39:36
  especially saying what I'm saying, the four year cycle is
• 39:39
  over. And then like I said earlier in
• 39:41
  the news, we got some new regulatory kind of confirmations
• 39:44
  coming out, some interesting stuff coming out of the CFTC and
• 39:47
  the OCC, which I've been covering for you guys yesterday.
• 39:51
  And then to wrap up the culture, we're we're just going to have a
• 39:54
  little fun. It's, you know, the 15th year
• 39:57
  anniversary since Satoshi left Bitcoin officially.
• 40:01
  So that's today's breakdown of the show.
• 40:04
  Before I go on, I do want to remind you to smash the like
• 40:07
  button comment on the show. Let me know what you think of
• 40:09
  the show. Let me know what you think about
• 40:10
  simply Opti. Should I just take over the show
• 40:12
  guy? I should just take over the
• 40:13
  show, huh? It it should just be me.
• 40:15
  We we don't need that other bum on the show and of course
• 40:19
  subscribe to our channel. We drop the most the best
• 40:23
  content. We are we're the best at this.
• 40:26
  All right, all right, all right. All right.
• 40:29
  Of course, also we wouldn't be here without our partner
• 40:33
  Bitcoin, well, our lead sponsor. If you are in the market, if you
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  are trying to buy Bitcoin, you want to do it the right way.
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  That's the right way in our opinion.
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  You want to go to a Bitcoin only exchange that never holds your
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  Bitcoin and Bitcoin wells the only exchange in North America.
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  Yes, it is one more step. It is a little more complicated,
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  but they have never lost Bitcoin.
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  Bitcoin. Once your dollars go through,
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  once it clears and that's not their fault.
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  You know the once the Swift system clears your money, then
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  you get the Bitcoin directly into your cold storage.
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  Yes, you will lock in your price when you send the dollars, but
• 41:10
  there might be a little delay because of the banking system.
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  The banking system's archaic. All right, guys, so it goes
• 41:17
  straight into your cold storage. You do need a Bitcoin wallet
• 41:19
  when you sign up because they never hold your Bitcoin.
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  They're never going to lose your Bitcoin.
• 41:24
  And actually, if we have time, I might cover we, we finally got
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  some news from Daquan. You know, Lennon, Luna, Terra,
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  that saga is finally behind us. And if you've been around for a
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  while, there's been a lot of examples of exchanges that blew
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  up because they didn't have your Bitcoin and some that literally
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  had no Bitcoin and were selling you Bitcoin.
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  That's never gonna happen with Bitcoin.
• 41:47
  Well, because the Bitcoin goes directly to you.
• 41:50
  All right, guys, first ad break. I'll be right back.
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  I wanna give a shout out to our partner Stamp Seat.
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• 43:12
  All right guys, we are back. The current Bitcoin price is
• 43:15
  $90,000, three hundred wait, $90,370 per Bitcoin, which is a
• 43:21
  -28.4% discount from all time high.
• 43:25
  The market cap barely holding on to $1.8 trillion and the only
• 43:30
  time that matters the real time the block height is 927,607.
• 43:37
  Put away the Gregorian calendar, we are block height Maxis.
• 43:41
  The world started in 2009 and we are currently at a time of
• 43:45
  927,607. All right, guys, here we go.
• 43:50
  As I was telling you, Kathy Wood went on Fox News.
• 43:54
  I believe this was 2 days ago. It's, it's been a lot of stuff
• 43:57
  covering, but I thought this might be fitting considering
• 44:01
  what I was telling you guys in the beginning of the show.
• 44:03
  So I'm just going to play that cause again, I, I ranted for 40
• 44:07
  minutes to start the show, which is absolutely crazy.
• 44:09
  So I'm going to play the clip and then I'll, I'll kind of add
• 44:11
  a little more to it. Bitcoin is behaving more like a
• 44:15
  risk on asset. It has played the risk off role
• 44:19
  at different times during the European sovereign debt crisis,
• 44:23
  during our regional bank crisis. But right now it's risk on we
• 44:28
  this is, it is climbing another wall of worry and that is the
• 44:33
  four year cycle. We think the four year cycle is
• 44:38
  is going to be disrupted. And what what I mean by that is
• 44:41
  Bitcoin regularly dropped 75 to 90% in its early days.
• 44:47
  The volatility is going down. It's down about 30 some odd
• 44:52
  percent. And I think there's a fear of
• 44:55
  the four year cycle. We think that it the move by
• 45:00
  institutions into this new asset class is going to prevent much
• 45:05
  more of a decline. We may have seen the low a
• 45:08
  couple of weeks ago. All right, so two things.
• 45:12
  First off, the whole risk on idea.
• 45:16
  I think it's something that a lot of Bitcoiners and we don't
• 45:20
  talk about enough on the show. But the I think this is the the
• 45:24
  general case of where Bitcoin is currently right now in the
• 45:28
  movie. Obviously from a Bitcoiners
• 45:30
  perspective, we look at it as risk off because it's completely
• 45:34
  separate from the traditional financial system.
• 45:37
  It's a completely new asset class or a new money.
• 45:40
  It's completely different than what comes out of Wall Street or
• 45:44
  traditional financial products. It's it's totally outside of
• 45:47
  that world, hence why we like to look at it, or rather most of us
• 45:51
  consider it as a risk off because the real risk from our
• 45:54
  opinion is coming from the traditional financial system,
• 45:57
  the normal kind of status quo that is in our opinion, the
• 46:01
  risky thing to be holding. This is why we capitulate our
• 46:04
  dollars so quickly. But from and kind of evolving
• 46:10
  perspective of where Bitcoin currently is in the story all
• 46:13
  year long, Bitcoin has been acting as a risk on asset, which
• 46:17
  means that the the new investor, the institutional investor in
• 46:21
  Bitcoin Wall Street looks at Bitcoin still as basically like
• 46:25
  a high beta risk on asset, which is basically, you know, if you
• 46:31
  what's what's Larry Fink said he's like Bitcoin is a a
• 46:35
  currency of fear or an asset of fear or something like that.
• 46:38
  If you have fear in the traditional financial system,
• 46:41
  then that's why you buy Bitcoin. So as you can see, that's still
• 46:45
  kind of like a speculative angle there, because to them, they're
• 46:49
  so used to the traditional financial system that that is
• 46:52
  like the least risky thing to be holding.
• 46:54
  Of course, usually and historically that is U.S.
• 46:57
  Treasury holding government debt has been the least risky thing
• 47:00
  to hold for. Years.
• 47:02
  It's essentially I, I know the government's going to pay me
• 47:04
  interest on this, therefore I will hold that product and I
• 47:08
  know nothing's really going to change.
• 47:09
  Well, this year did kind of shake that traditional meme up.
• 47:14
  But from like a newer perspective from or rather from
• 47:18
  a Wall Street perspective, Bitcoin is still kind of highly
• 47:22
  correlated. As I said, like a high beta
• 47:24
  risky asset to hold. They still don't fully
• 47:27
  understand. Excuse me?
• 47:30
  They still don't fully understand it.
• 47:31
  They kind of look at it like, oh, it's a cute little
• 47:34
  speculative toy. Like Vanguard literally just
• 47:36
  came out this morning and said Bitcoin's just a digital toy.
• 47:39
  So they're still kind of like, oh, it's cute.
• 47:42
  It's like this evolving technology.
• 47:44
  I might want to hold a little bit of it, but it's not what we
• 47:48
  think of it as, where it's like, yo, I want to get my money out
• 47:51
  of the traditional financial system, out of Fiat as quickly
• 47:54
  as possible. The only thing I want to be
• 47:55
  holding is Bitcoin. Like Bitcoin is the finish line
• 47:59
  and they're still at the start of the race.
• 48:00
  They're still at the learning curve where it's like, Oh yeah,
• 48:03
  I probably want to put a little bit of My Portfolio.
• 48:05
  I'll get some gains on it. It's just a part of My Portfolio
• 48:08
  where to us we're like, it's the best money.
• 48:10
  You do not want to be holding anything in Tradfi because who
• 48:14
  knows what's going to happen with all the games they've been
• 48:16
  playing. I wouldn't want to be holding my
• 48:19
  entire wealth and stocks and equities and treasuries and Fiat
• 48:22
  when we know that they can manipulate it.
• 48:24
  So that's the first part. The second part is I like this
• 48:27
  idea of Bitcoin is climbing the wall of worry of the four year
• 48:31
  cycle, which is a a kind of a different way of framing what
• 48:35
  I've been saying. So shout out to Kathy Woods for
• 48:37
  that, because I think that is what's happening.
• 48:39
  Again, this climbing the wall of worry is like a Wall Street
• 48:43
  trading term where you know, you kind of you, you hit a low and
• 48:47
  then you climb this wall of fear where people keep thinking like,
• 48:50
  oh, it's never going to return. It's going to dump.
• 48:52
  This rally isn't real. And then once once everyone kind
• 48:56
  of starts to see that it's actually climbing up, that's
• 48:58
  when the FOMO starts happening. And I think this is what's
• 49:01
  happening amongst bitcoiners themselves.
• 49:04
  Like you guys saw, you know, Nico's on the show saying 04
• 49:06
  year cycles intact, though, if you, if we're being honest, and
• 49:10
  if you really logically think about what he was saying, he's
• 49:13
  like 4 year cycle still intact. But also 2025 was a red year and
• 49:16
  you're like, doesn't that mean the four year cycle is over?
• 49:19
  Bro? He's like, until I get more
• 49:21
  data, then I will be bullish. I'm like, bro, this is, This is
• 49:26
  why we're, we're climbing a wall of fear.
• 49:28
  But with all of the stuff. And I'm not the, I'm not a big
• 49:32
  institutional Bitcoin fan, but what I do understand is Bitcoin
• 49:38
  is for anyone. Bitcoin is for enemies.
• 49:41
  And as much as you might not like the banks, the banks have
• 49:45
  as much a right as you as an individual to get in Bitcoin.
• 49:48
  It's literally permissionless money.
• 49:50
  We can't stop them from doing it.
• 49:52
  And now they're here. And not only are they just here,
• 49:56
  they're chomping at the bits to acquire as much Bitcoin as
• 49:58
  possible. I'm like, yo, 2026 is not going
• 50:01
  to be the year that everyone thinks it is.
• 50:03
  And I think you know how I always joke about the Pareto
• 50:06
  principle. I, I, I don't have the math
• 50:09
  here. You know, you can't really
• 50:10
  quantify this math or maybe qualify this math.
• 50:14
  No, it's quantify can't really quantify this math, but it does
• 50:18
  feel like 80% of bit corners are still on the four year cycle
• 50:21
  meme. They're feeling kind of bearish
• 50:22
  right now. So I feel pretty good about the
• 50:24
  fact that I'm in like the 20% of bit corners that still think
• 50:28
  2026 is probably going to be a bullish year.
• 50:32
  I'm I'm like I'm becoming more and more convinced as the year
• 50:35
  ends, but what do I know? I was wrong all of this year
• 50:38
  'cause I was still working off old kind of perspectives of what
• 50:41
  Bitcoin is doing. So I don't know, man.
• 50:44
  I, I think the four year cycle is done.
• 50:46
  Quant yeah, I'm your quant, bro. I'm not your quant Don't, don't,
• 50:52
  don't Hold on, hold on. Wait, wait.
• 50:54
  I wish I could zoom in. I wish I could zoom.
• 50:56
  This is not financial advice. Do not trade your life savings
• 51:00
  based on what I say. Take what I say do the research.
• 51:05
  And if you agree with me, then you go all in.
• 51:08
  That's not, that's not, this is not, this is not financial
• 51:13
  advice. I repeat, this is not financial
• 51:15
  advice. OK, OK, let's cover the news
• 51:18
  because I, I do, I, I got to, I got to kind of hurry up a little
• 51:23
  bit. I'll be right back after one
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  more commercial break. I want to give a shout out to
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  All righty then guys, remember I just covered here.
• 54:02
  Let me, the CFTC has been, I think doing some, some pretty
• 54:07
  big moves here. They're, they're really in my
• 54:09
  opinion, kind of aligned with the digital asset working group.
• 54:14
  Obviously I played, we kind of got some, some, I wouldn't call
• 54:18
  it leaks, but we did kind of get a, a hint of where they were
• 54:22
  going about a week and a half ago.
• 54:24
  We had the SEC chair Paul Atkins come out and say like, OK, you
• 54:29
  know, the SEC and the CFTC are super aligned on approving what
• 54:34
  Donald Trump wants to do in Bitcoin or crypto at large.
• 54:38
  Couple days ago we mentioned that the CFTC basically came out
• 54:42
  and said yes, we will allow Bitcoin collateral products.
• 54:45
  They're going to do like a test pilot.
• 54:47
  And now today we get this, which again, I don't know what they're
• 54:52
  going to do afterwards, which I'm a little hesitant to fully
• 54:56
  endorse what their new kind of regulations going to be, but
• 54:59
  they officially announced the withdrawal of quote outdated
• 55:03
  digital assets guidance. So they're officially the old
• 55:07
  view of what Bitcoin and crypto is or digital assets are is is
• 55:11
  out of the window, effective immediately.
• 55:14
  And and now I'm sure we're going to get some kind of new rules of
• 55:17
  the road here. Hopefully it's a, it's a lot
• 55:20
  better for Bitcoin. Hopefully it it treats Bitcoin
• 55:22
  in its rightful place. Obviously, I don't think we're
• 55:25
  going to get that far because my opinion, Bitcoin is money, but I
• 55:29
  I don't think we'll get there overnight.
• 55:31
  Anyways, let's read this a little bit.
• 55:32
  So the CFTC acting chairman Caroline D Pham shouts at the
• 55:35
  Caroline D Pham. She's kind of fam.
• 55:39
  Today. Announced the CFTC is
• 55:42
  withdrawing outdated guidance related to actual delivery of
• 55:45
  quote virtual currencies, giving the substantial developments in
• 55:49
  crypto asset markets. It's kind of interesting, like
• 55:52
  what's the substantial developments in the crypto asset
• 55:55
  markets Just Trump embraces it and then a little more time.
• 55:59
  All right, bet anyways, quote eliminating outdated and overly
• 56:03
  complex guidance that penalizes the crypto industry and stifles
• 56:06
  innovation. Exactly what the administration
• 56:08
  has set out to do this year. Today's announcement shows that
• 56:11
  with decisive action, real progress can be made to protect
• 56:14
  Americans by promoting access to safe U.S. markets.
• 56:18
  The withdrawal of the guidance enabled to CFTC to continue it's
• 56:21
  ongoing work to implement the recommendations of the
• 56:24
  President's Working Group on Digital Asset Markets report.
• 56:27
  The CFTC will consider whether updated guidance or facts are
• 56:30
  appropriate and encourage the public to engage with feedback
• 56:33
  via the CFT CS crypto Sprint. So few things here, Obviously
• 56:37
  the, the part that I probably like the most is this, you know,
• 56:41
  eliminating outdated and quote overly complex guidance.
• 56:45
  Obviously, as I've been saying, you know, I'm, I've been holding
• 56:48
  my breath when it comes to the quote regulatory clarity around
• 56:52
  Bitcoin or crypto digital assets, whatever they want to
• 56:55
  call it, because it, it, it's most likely going to be overly
• 56:59
  complicated. Of course, you know, politicians
• 57:02
  are going to politicians, you know, their, their literal job
• 57:04
  is to make new laws forever making new laws.
• 57:08
  Whereas from my perspective, it's like, can we just like cut
• 57:11
  like a bulk of these laws out of the and just throw them out of
• 57:14
  the window and let Bitcoin run its money?
• 57:16
  So tentatively kind of bullish on this idea of eliminating
• 57:20
  outdated and overly complex guidance.
• 57:23
  Sounds good. Obviously, we haven't seen what
• 57:26
  they're going to most likely replace that with.
• 57:29
  They're not just throwing it out and not going to replace it with
• 57:32
  something. So that's just how it works.
• 57:34
  But what is interesting is that they are trying to implement the
• 57:38
  recommendation, the recommended, you know, regulation.
• 57:43
  Why is it doing that? Regulations, the recommended
• 57:46
  regulations from the Digital Assets Markets Working Group.
• 57:49
  And remember that came out earlier in the year.
• 57:52
  A lot of people were pretty bullish on it.
• 57:53
  There was some stuff that wasn't necessarily the most bullish.
• 57:56
  So I think if it does align more with what the Digital Assets
• 58:00
  Working Group report said, probably tentatively bullish,
• 58:05
  obviously no rules. Yeah, yeah.
• 58:07
  Down under against it. Cut the laws, just cut them out,
• 58:09
  dude. Bitcoin's money, let it run.
• 58:12
  That's that's my view. But hey, at least they admitted
• 58:16
  the old rules are out dead. The old rules are here to attack
• 58:19
  and hurt Bitcoin companies, Bitcoin in general.
• 58:23
  It's been obvious now, I think one year later, everything we've
• 58:27
  said on the show that there has been an active attack on
• 58:30
  Bitcoin. Now they're slashing those laws
• 58:33
  tentatively bullish all right. Now the second one, which is,
• 58:37
  you know, it's a little more specific, but I, I think it does
• 58:43
  kind of lead to a greater trend that we are seeing.
• 58:48
  So the OCC announces conditional approvals for five National
• 58:52
  Trust bank charter applications. And the only reason I'm bringing
• 58:56
  this up is obviously because of the company's that are in here.
• 59:01
  Wow, I didn't even see this one first.
• 59:03
  National Digital Currency Bank and Ripple National Trust Bank.
• 59:06
  Real RIP. Anyways, the OCC also
• 59:09
  conditionally approve applications to convert from a
• 59:12
  state Trust Company to a National Trust bank for Bitgo
• 59:15
  Bank and Trust National Association and Fidelity Digital
• 59:18
  Assets National Association and Paxos Trust Company National
• 59:23
  Association. So it looks like the OCC has
• 59:26
  just approved, you know, three, maybe 4 Bitcoin banks, official
• 59:32
  Bitcoin bank. So I guess I'll read a little
• 59:34
  more. The Office of the Comptroller of
• 59:36
  Currency, OCC, today announced its conditional approval 5
• 59:38
  National Trust bank charter application.
• 59:41
  Subject to meeting the OCS conditions, these institutions
• 59:44
  will join approximately 60 other National Trust banks currently
• 59:48
  supervised by the OCC and granting these conditional
• 59:52
  approvals. The OCC applied the same
• 59:54
  rigorous review and standards it applies to all Charter
• 59:56
  applications. The OCC carefully reviewed each
• 59:59
  application based on individual merits consistent with
• 1:00:02
  applicable statutory and regulatory factors.
• 1:00:04
  So interesting note about this for me is it seems like at least
• 1:00:10
  coming from the OCC. They're not having this
• 1:00:13
  political bias. They're, they're not basically
• 1:00:16
  saying that, oh, because you are in Bitcoin or digital assets.
• 1:00:20
  I, I hate using that word, but that's the word they're using.
• 1:00:23
  You're not going to penalize. So maybe this is a greater
• 1:00:26
  trend, at least in my opinion, of finally Bitcoin being looked
• 1:00:31
  at as money per SE. It's like, hey, you know, we're
• 1:00:34
  going to, we're going to allow some Bitcoin banks here.
• 1:00:37
  Does that mean that Bitcoin is soon to be viewed as money?
• 1:00:42
  I don't know. Obviously I'm seeing the news
• 1:00:44
  just like you are, but you're starting to see that, yes, maybe
• 1:00:49
  in terms of price, this was a lost year.
• 1:00:53
  I think we can all admit that. But again, I'm not the biggest
• 1:00:57
  like regulatory, regulatory, regulatory clarity guy.
• 1:01:03
  Personally, I just like cut them all, you know, like, hey, slash
• 1:01:06
  it all. Just treat Bitcoin as money, but
• 1:01:09
  it does seem like this year was a foundational building year.
• 1:01:13
  Obviously the institutions are coming in now.
• 1:01:16
  You can see maybe this is the, as Simon Dixon likes to call the
• 1:01:19
  financial industrial complex doing what it does, where, you
• 1:01:23
  know, finally the corporations are able to come in Bitcoin and
• 1:01:26
  then after the fact they're going to rewrite the laws so
• 1:01:29
  that, you know, they they actually can profit off of this,
• 1:01:32
  which is kind of just how things work.
• 1:01:35
  So tentatively kind of bullying. I, I'm, I'm really not that
• 1:01:39
  bullish on the Bitcoin bank part of it, but I think those two
• 1:01:42
  stories combined coming out of the very same day is showing you
• 1:01:46
  that the, the foundations are being built like we've
• 1:01:50
  fundamentally shifted from operation Choke .2 point O,
• 1:01:53
  though there is still some argument that we're starting to
• 1:01:56
  see like an operation 3 point O, you know, coming kind of being
• 1:02:00
  built out really in regards to privacy.
• 1:02:03
  But it does look like if there is kind of some favorable
• 1:02:08
  tailwinds here for Bitcoin coming from the institutional
• 1:02:11
  front, then maybe a lot of people will look at Bitcoin as
• 1:02:14
  something that they actually want to use.
• 1:02:16
  Now, obviously I'm like, OK, we're shifting the Overton
• 1:02:19
  window here. You were making some progress,
• 1:02:22
  but I want to break the Overton window.
• 1:02:24
  I'm like, slash all the laws treat it as money, You know,
• 1:02:28
  eliminated capital, capital gains on it.
• 1:02:32
  Let's start being able to use this thing how it how it was
• 1:02:35
  supposed to be used. Like get out of our way.
• 1:02:38
  You guys said you're going to get out of our way.
• 1:02:39
  Can we finally get a little freedom?
• 1:02:41
  Can can can I finally breathe here?
• 1:02:44
  Can can I finally breathe here? It's kind of my view on it.
• 1:02:47
  But actually, I wasn't going to bring this up, but did you guys
• 1:02:52
  see that that Trump, Trump announced yesterday that he is
• 1:02:57
  looking into eliminating capital gains taxes or taxes on
• 1:03:03
  gambling. And I trolled on I was trolling
• 1:03:06
  on Twitter. I'm like, look at this point,
• 1:03:08
  man, just call Bitcoin gambling and eliminate the taxes on it.
• 1:03:11
  And I'm all for it. Like, fuck it.
• 1:03:12
  You know, who cares at this point?
• 1:03:14
  Whatever, Whatever we got to do, Bros, whatever we got to do, I'm
• 1:03:19
  all for that. So if that goes through, maybe
• 1:03:23
  I'll, maybe I'll, maybe I'll go back on my word and be like,
• 1:03:25
  yeah, no, Bitcoin's totally gambling.
• 1:03:27
  Yeah, totally gambling, bro. Just eliminate the taxes on it,
• 1:03:31
  dude. Let's go.
• 1:03:33
  We'll see. Obviously I'm trolling.
• 1:03:35
  Wait, that's not going to play out like that.
• 1:03:37
  But I would, I would like, I'd hope it would.
• 1:03:39
  I would hope it would. OK, Yeah, yeah, Nameco gets it.
• 1:03:44
  And Nameco totally gets it. All right, guys, one more
• 1:03:46
  commercial and I will wrap up today's show.
• 1:03:48
  I'll be back in one minute. I want to give a shout out to
• 1:03:53
  our partner Hive Digital Technology.
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  digitaltech.com. I want to give a shout out to
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• 1:05:50
  Alright, sorry guys, I did a little trolling.
• 1:05:53
  I did a little trolling during the break.
• 1:05:55
  Okay, a little trolling in the chat.
• 1:05:57
  We do we do a little trolling today it's Friday.
• 1:05:59
  Still a little trolling. All right, guys, I so literally
• 1:06:04
  15 years ago today, Satoshi Nakamoto made its final forum
• 1:06:08
  post on the fabled, you know, Bitcoin forum talk, wait,
• 1:06:13
  Bitcoin talk forum and then completely disappeared like
• 1:06:17
  it's, it's one of the greatest literally exits ever, one of the
• 1:06:21
  greatest Irish exits ever. You can see here last active
• 1:06:24
  December 13th, 2010 at 4:45 PM. Just the absolute goat, you
• 1:06:31
  know, says one final message completely disappears.
• 1:06:35
  And it really just goes to show like what Satoshi did, not only
• 1:06:42
  just with the tech, you know, not only with the software, not
• 1:06:45
  only just like ideating the idea of Bitcoin, just coming up with
• 1:06:51
  this idea of a, a money that is not controlled by anyone, a
• 1:06:56
  peer-to-peer electronic cash system.
• 1:07:01
  But just his final kind of masterstroke of what he did,
• 1:07:07
  where he maintained his anonymity.
• 1:07:11
  He kind of, you know, bootstrapped his system, built a
• 1:07:15
  community around it, kind of guided it through.
• 1:07:19
  It's like very infant stage. And then in 2010, he just
• 1:07:23
  absolutely ghosted, just absolutely left it and was like,
• 1:07:27
  look, it's not about me, the person.
• 1:07:30
  It's about the idea of Bitcoin. And here we are 15 years later.
• 1:07:35
  And look how far Bitcoin has come.
• 1:07:37
  And you know, one of the, one of the kind of crazier thoughts of
• 1:07:41
  this is when you understand, like Satoshi, though, he could
• 1:07:45
  have been on the, you know, behind the scenes doing stuff.
• 1:07:48
  There's, there's that very famous quote.
• 1:07:50
  He's like, I'm on the bigger and better things.
• 1:07:52
  I know there's speculation that maybe Satoshi is no longer with
• 1:07:55
  us, maybe he burnt the keys, etcetera.
• 1:07:58
  Maybe he's kind of sitting behind the scenes, you know,
• 1:08:01
  watching everything that's happening.
• 1:08:04
  It's just, it's just a stroke of brilliance to basically not only
• 1:08:08
  be anonymous because he knew if there was a head to chop off,
• 1:08:11
  obviously they would run him out as an example and it he would be
• 1:08:16
  a detriment to the idea to the software of Bitcoin.
• 1:08:20
  But the fact that, you know, Satoshi was really around for
• 1:08:24
  obviously the creation of it, but about a year, maybe 2 years,
• 1:08:30
  you know, something like that. And then Bitcoin has been
• 1:08:33
  running just on the power of people that fall into this idea
• 1:08:38
  that, you know, give up their own time to work on this because
• 1:08:42
  it's open source technology. It's open source software.
• 1:08:45
  It's like, you know, the the dabs do not get enough credit
• 1:08:49
  here. You you don't make money if you
• 1:08:50
  work on Bitcoin. Obviously now there is like open
• 1:08:54
  sets where they will, you know, raise funds and and, you know,
• 1:08:58
  give them to developers so that they can continue and maintain
• 1:09:00
  the work on this. But this whole thing, the whole
• 1:09:04
  Bitcoin project, the whole Bitcoin idea has been voluntary.
• 1:09:08
  No one's forcing you to get involved.
• 1:09:10
  There is no metaphorical gun to your head to buy Bitcoin, to
• 1:09:15
  work on Bitcoin, to advocate for Bitcoin there.
• 1:09:19
  There is no marketing team in Bitcoin.
• 1:09:22
  You are that. If you find interest in this, if
• 1:09:26
  you find value in what Bitcoin does, it's literally upon you,
• 1:09:29
  the individual to go out, find your kind of niche, find your
• 1:09:33
  role here and do your part to help Bitcoin succeed.
• 1:09:37
  Obviously, you need to save in Bitcoin.
• 1:09:40
  Obviously you need to store that Bitcoin, but none of us are here
• 1:09:46
  because, you know, like we're getting paid by the Bitcoin
• 1:09:50
  network. Yes, a business and an industry
• 1:09:53
  is being built up around Bitcoin and Bitcoiners are entrepreneurs
• 1:09:56
  and we want to see this succeed. And we all have families to
• 1:09:59
  feed. While I don't have a family to
• 1:10:01
  feed. I got to feed myself.
• 1:10:02
  You know, we all have mouth to feed here, but this is all
• 1:10:04
  voluntary. And it's, it's almost amazing
• 1:10:07
  that Bitcoin has been able to do this without Satoshi here at
• 1:10:12
  all. Like Satoshi was here at the
• 1:10:14
  very beginning and then he disappeared.
• 1:10:17
  And I know a lot of people look at at Bitcoin and they're like,
• 1:10:19
  well, we don't know who the creator was.
• 1:10:21
  Like, how can I trust this thing?
• 1:10:23
  And we're always like, dude, that's the beauty of this.
• 1:10:26
  There is no head to cut off. There is no, you know, single
• 1:10:30
  person to point at and be like, look how bad that person is.
• 1:10:34
  This is why you shouldn't use Bitcoin.
• 1:10:36
  Obviously, there's been all kinds of theories.
• 1:10:38
  It's like, oh, Bitcoins created by the CIA, It's created by the
• 1:10:41
  NSA, you know, it's created by a group of people.
• 1:10:44
  Oh, this is Satoshi. No one really knows.
• 1:10:48
  I think some O GS probably know. Look, hot take.
• 1:10:52
  I don't think it's a hot take, but I think there is some idea
• 1:10:55
  of who he is. But it's not about the man.
• 1:11:00
  It's about the idea whose time has come.
• 1:11:03
  It's about a a sovereign money that no one can control outside
• 1:11:06
  of government, outside of any particular nation state.
• 1:11:10
  Permissionless, censorship resistant money that you have to
• 1:11:14
  adopt yourself. You have to be curious to get
• 1:11:17
  into it. But Satoshi's been gone for 15
• 1:11:20
  years. The fact Bitcoin has gotten to
• 1:11:23
  where it has so far is a testament to every single one of
• 1:11:27
  us that are in Bitcoin. That save that took the risk of
• 1:11:30
  initially to put your life savings into it.
• 1:11:34
  That go out there on Twitter and battle the shit corners for
• 1:11:36
  years. That go out here on YouTube
• 1:11:38
  trying to get more people to get into Bitcoin, more people to
• 1:11:41
  understand what is going on in the world.
• 1:11:43
  More people to escape the potential slavery of UBICBDCS,
• 1:11:49
  of Fiat, of being indebted to unlimited debt that someone else
• 1:11:54
  can print for free. It's like guys, this is what
• 1:11:57
  it's all about. Shouts out to every single one
• 1:12:00
  of you guys. Shouts out to you guys that hang
• 1:12:01
  out with us in the chat. You know, we wouldn't be here
• 1:12:04
  without you guys. And when we started, we were
• 1:12:07
  just so obsessed with Bitcoin. We're like, yo, someone needs to
• 1:12:10
  make some good content for Bitcoin, like Bitcoin deserves
• 1:12:15
  some good content. More people need to hear why
• 1:12:18
  Bitcoin is important, why they need Bitcoin, how this is going
• 1:12:21
  to improve their lives. And here we are, you know, five
• 1:12:23
  years later, we're the most watched daily Bitcoin show.
• 1:12:28
  We built a business out of it. We we literally all survive off
• 1:12:31
  of this. And it's because you guys keep
• 1:12:33
  showing up. It's because you guys keep, you
• 1:12:35
  know, making us want to get better.
• 1:12:37
  It's because I, I, I sit here and I see what you guys say and
• 1:12:41
  I know you guys give me some crap sometimes I get it, I get
• 1:12:45
  them. I'm out here just playing the
• 1:12:46
  game, all right? Don't don't hate the player,
• 1:12:48
  hate the game, all right. And I try to figure out every
• 1:12:52
  single day, OK, how can I make a show so that people watch it on
• 1:12:57
  YouTube so that people that don't know what we are doing
• 1:13:00
  over here will click it and be like, OK, maybe these guys
• 1:13:04
  aren't crazy. Maybe I do need to save some in
• 1:13:06
  Bitcoin. Maybe there is something here.
• 1:13:09
  Maybe this can potentially change my life, save my loved
• 1:13:13
  ones. It's what it's all about.
• 1:13:15
  It's all about Bitcoin improving your life as an individual and
• 1:13:20
  then further you understanding what is going on in the world.
• 1:13:24
  What's the point of having all the knowledge in the world?
• 1:13:26
  What's the point of being right if you can also be successful
• 1:13:30
  and wealthy? Hot take.
• 1:13:34
  Maybe I don't know, I don't know, maybe not.
• 1:13:37
  Anyways, guys, it's the Friday show.
• 1:13:40
  It's the simply Opti show as Oh. Oh, yeah.
• 1:13:44
  Let me. OK, I'll do a faucet.
• 1:13:46
  I'll do it. It's Friday.
• 1:13:47
  Let me see. Let me see if if it's working on
• 1:13:50
  me. If it works for me.
• 1:13:51
  Let me see if it works for me first.
• 1:13:53
  OK. Am I, am I logged in on this
• 1:13:56
  computer? All right, guys, let's see.
• 1:13:58
  Let me see. Oh, OK.
• 1:14:03
  I sorry, I can't. I'm rug pulling.
• 1:14:04
  I'm rug pulling. It's it's sent a code to Nico.
• 1:14:06
  I don't, I don't have access to that e-mail.
• 1:14:10
  All right. Anyways, anyways, I lied.
• 1:14:12
  I lied. No SB faucet today.
• 1:14:15
  No SB faucet today, but I appreciate you guys.
• 1:14:19
  I love you guys. It's Friday.
• 1:14:23
  Have a good weekend, get some good food, get some exercise in,
• 1:14:27
  get some sun. Make sure you get the sun.
• 1:14:30
  Sun in the morning is the most important thing you can be
• 1:14:31
  doing. Anyways, I love you guys.
• 1:14:33
  I'll see you. I'll see you on Monday.
• 1:14:35
  On that note, peace out. Today's episode was brought to
• 1:14:39
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:14:43
  mission to enable financial independence.