Latest / Simply Bitcoin / BREAKING: Billionaire Predicts $23.8M Bitcoin! [Retire Sooner Than You Think] | EP 1211

Transcript

BREAKING: Billionaire Predicts $23.8M Bitcoin! [Retire Sooner Than You Think] | EP 1211 · Simply Bitcoin

• 0:00
  The world's most famous Bitcoin billionaire just predicted
• 0:04
  Bitcoin is going to a $500 trillion market cap, meaning a
• 0:09
  $23.8 million price per Bitcoin. Incredible.
• 0:15
  If you think you're late to Bitcoin, this newest 250X price
• 0:20
  prediction should change the way you think about retiring with
• 0:23
  your Bitcoin. And the real interesting take
• 0:26
  from This is why is Sailor getting more and more bullish
• 0:30
  since he began rubbing shoulders with the new Trump
• 0:33
  administration? You would think he was tailoring
• 0:36
  his message to be more conservative considering he's in
• 0:40
  DC talking to politicians and some of the most influential
• 0:43
  people in the world right now, or in America to say the least.
• 0:47
  And he's just doubling down and getting more and more bullish.
• 0:51
  What is going on? But before we answer that
• 0:53
  question, let's just play you that clip because it's not
• 0:56
  simply Bitcoin giving you just extreme opium on this Friday.
• 1:00
  It is the Bitcoin billionaire. Dollars of capital are flowing
• 1:05
  into the network. It's going to go from 2 billion
• 1:10
  to 20 billion to 200 billion to 2 trillion to 20 trillion to 200
• 1:14
  trillion. And when it gets to 200
• 1:16
  trillion, it'll chop along and plus 20% to eventually 304
• 1:21
  hundred $500 trillion. And where is that capital going
• 1:25
  to come from? It's going to come from Russian
• 1:27
  real estate. It's going to come from Chinese
• 1:30
  private equity. It's going to come from
• 1:32
  everything in Africa, everything in South America.
• 1:36
  You have capital flowing from foreign financial and physical
• 1:40
  assets to Bitcoin. You have capital flowing from
• 1:44
  20th century assets to Bitcoin to the capital is going to flow
• 1:49
  from the 20th century to the 21st century.
• 1:52
  It's going to flow from physical to digital.
• 1:55
  It's going to flow from currency based derivatives to to a
• 2:00
  digital commodity derivative. So it's already happening.
• 2:05
  It's unstoppable. It's literally like for me to
• 2:09
  say bitcoins going to demonetize gold under states it yeah, it's
• 2:13
  going to demonetize gold. Then it's going to demonetize
• 2:15
  the the real estate that's 10X more than gold.
• 2:18
  Then it's going to demonetize every long term store of value.
• 2:22
  So what you have is a situation like the European show up and
• 2:27
  they give like some Dutch guilders or some pieces of paper
• 2:31
  or some some glass beads or or seashells or stone coins to
• 2:39
  people using a more primitive form of money.
• 2:42
  And we have the opportunity to in essence just grab ten 2025%
• 2:49
  of the network. Let the entire dynamic flow and
• 2:54
  it's going to accelerate. And when the dust settles, the
• 2:59
  American people will own 2530% of that capital, which right
• 3:05
  now. Absolutely incredible.
• 3:11
  So guys, hopefully it's coming in clear.
• 3:13
  Let me let me double check this because let me see.
• 3:48
  OK, we're back. OK, sorry about that, guys.
• 3:52
  I guess Nico needed to get us on the better Internet.
• 3:55
  OK, so as we were talking guys, I know, I know this sounds
• 3:59
  absolutely nuts. We've been talking about this
• 4:02
  for a long time. But I think when you really
• 4:05
  break this down, it's not as crazy as it sounds.
• 4:08
  Obviously we don't have a time horizon here.
• 4:12
  All what we have is what we keep talking about constantly on coin
• 4:17
  that Bitcoin is going to take over the world slowly but
• 4:21
  surely. We are seeing that as an asset
• 4:23
  class. As Bitcoin matures, as we, as we
• 4:26
  kind of get more people to understand Bitcoin as a digital
• 4:28
  gold, a commodity, it's going to start to ramp up and we're
• 4:32
  seeing all kinds of capital come into Bitcoin.
• 4:34
  And, you know, I, I find it very interesting that we have kind of
• 4:40
  moved to a new time with Saylor. You would think he would be more
• 4:43
  conservative, like I said in the beginning, you would think when
• 4:45
  he goes to Washington, DC to this blockchain summit, he would
• 4:50
  be giving us like his base prediction here of $13 million.
• 4:53
  What was it, $3,000,000 a coin. You know, hey, we're only going
• 4:56
  to take a little bit of the total commodities market, total
• 4:59
  global wealth. And he's out there just bull
• 5:02
  posting in front of Washington DC officials.
• 5:05
  And and remember this chart here we play, we show you guys this
• 5:08
  chart all the time and we're rounding up a little bit.
• 5:10
  Bitcoin is currently out I think $1.68 trillion market cap.
• 5:14
  So we're using the $2 trillion market cap.
• 5:17
  And you can see the total global wealth going on real estate 330
• 5:21
  trillion, bonds at 300 trillion, equities at 115 trillion, gold
• 5:26
  roughly now at 20 trillion are etcetera, etcetera, etcetera.
• 5:30
  And we're starting to see that people are looking at Bitcoin as
• 5:34
  maybe a real store of value, maybe an alternative asset to
• 5:38
  start to store your wealth in. Though we do have a lot of
• 5:41
  uncertainty in the markets right now with Trump tariffs with, you
• 5:45
  know, what's going on in global markets.
• 5:46
  We're seeing that people aren't going into treasuries.
• 5:49
  And all of us Bitcoiners are wondering, well, if they're not
• 5:52
  going to treasuries, where is that money going?
• 5:54
  If it's going into Bitcoin like we're seeing we now, we now know
• 5:57
  Gamestop's getting into Bitcoin. We have Sailor buying a lot of
• 6:00
  Bitcoin. There is not that much Bitcoin
• 6:03
  going around. And I think in about 3 days, we
• 6:05
  are going to see that Bitcoin is going to get to a point where it
• 6:11
  is only a million Bitcoin left. And we're going to be fighting
• 6:15
  for the last million Bitcoin in about 3 days.
• 6:19
  And you can see the chart if Bitcoin gets a, a significant
• 6:23
  portion of this, obviously Sailor would go, we're going to
• 6:26
  get to $200 trillion. He said that last week.
• 6:28
  Now he's saying, hey, once we get to 200 trillion, we're not
• 6:31
  going to stop till $500 trillion market cap.
• 6:34
  And you're like, how much more bullish can we get?
• 6:37
  And everyone in the chat is saying, hey, you are way too
• 6:40
  bullish. What is going on Opti, you are
• 6:44
  you are losing it. And there is no possible way
• 6:48
  that we can get to that high. And if we do get to that high,
• 6:51
  will it be in our lifetime? We don't really have a time
• 6:54
  frame, but we all know the meme, it is going up forever.
• 6:57
  So on that note, Andy, I'm going to I'm going to shoot it over to
• 7:00
  you real quick. And then I'm going to try to
• 7:02
  figure out this this energy. So Andy, take it from here.
• 7:07
  Thanks. Hey, Andy from Crowd Health.
• 7:10
  Glad to be on the, the show. You know, not much to to say
• 7:15
  about the sailor thing except that, you know, I think we get
• 7:17
  to 500 trillion. That is a true replacement of
• 7:20
  the US dollar. I think it's the only way that
• 7:22
  you get there. So I think this is got to go
• 7:24
  beyond store value and, and, and, and actually be used as a,
• 7:28
  a form of currency to be able to get to 500 trillion.
• 7:32
  And, and maybe that's a part of his, his hypothesis here is that
• 7:36
  it is a, a significant form of, of currency that we can use to
• 7:40
  replace the dollar. I mean, he talked about the
• 7:41
  beads, he talked about the rocks.
• 7:44
  We're getting rid of the US dollar, We're moving into
• 7:46
  Bitcoin. I think that's the only way
• 7:47
  that, that, that 200, even $100 trillion is, is even, you know,
• 7:52
  close to being accurate. But that's the ultimately what
• 7:55
  what we're hoping for over here. 100 percent, 100%.
• 8:00
  All right, let me pass it over to Ruston.
• 8:02
  Ruston, you are, I think, as everyone down here in Miami was
• 8:06
  telling us, is one of the most bullish persons making content.
• 8:10
  So I think sailors even beating you in, in regards to how
• 8:14
  bullish you can get. What's your take on this $500
• 8:16
  trillion Bitcoin market cap? Well, I don't.
• 8:20
  I don't think sailors just jock in our pole straps.
• 8:23
  OK, this guy's been rubbing elbows with the orange man, so I
• 8:28
  think he knows a little bit about what's coming.
• 8:31
  Maybe he's got a little insider information, I don't know.
• 8:34
  But if you understand the game theory of Bitcoin and he just
• 8:37
  know how it plays out, he he's just like saying this is the end
• 8:41
  game now let's just watch and see how the dominoes fall and
• 8:45
  how different people capitulate. It's kind of like that.
• 8:49
  We're watching the slow train wreck of good things happen.
• 8:52
  I, I heard Saylor mention that before.
• 8:54
  It's like a train wreck, a slow train wreck, but the opposite of
• 8:57
  that because it's all kind of good stuff.
• 8:59
  Then we have the IMF situation, and I thought that was
• 9:02
  interesting. There was a clip of Samson
• 9:06
  recently where he was talking about the incentives or maybe
• 9:09
  set up for countries to go ahead and default and roll into
• 9:13
  Bitcoin before the next step comes in, which is where the IMF
• 9:18
  will be extracting Bitcoin from other countries.
• 9:21
  But hopefully in this transition phase, you just make them
• 9:24
  obsolete. Not going going that route, but
• 9:28
  the dominoes are falling there. There's some crazy stuff going
• 9:33
  on. Like it is an absolute joke.
• 9:35
  We're at 84,000. I don't know if humanity
• 9:39
  deserves Valhalla. You know, we got who who's
• 9:42
  selling this is garbage. It's it's probably the same
• 9:45
  thing with these dark pools and GameStop.
• 9:48
  I don't even know what that means, but apparently they exist
• 9:51
  and there's some, there's some fuckery going on over there, but
• 9:56
  when the levee breaks it's going to get insane.
• 9:59
  That's all I know. It's kind of as a wait, wait,
• 10:02
  Ruston, since you're on the live show, I think you need to do 1
• 10:05
  before we get to the next transition.
• 10:07
  The infamous, infamous, infamous Ruston slogan.
• 10:11
  Do it now. Ruston, where are we
• 10:13
  transitioning? Just do it now.
• 10:15
  I'm going to transition. I'm going to transition into
• 10:19
  guys before we go on, actually, we'll give it a moment.
• 10:21
  We'll give it a moment before we move on.
• 10:23
  Guys, of course, make sure you buy some Bitcoin and the best
• 10:27
  place to buy some Bitcoin is at Bitcoin.
• 10:29
  Well, go to bitcoinwell.com. They are enabling your
• 10:31
  independence. You need to have a Bitcoin
• 10:33
  wallet to buy Bitcoin from them. There is no possibility of them
• 10:37
  rug pulling you. This is why we have partnered
• 10:39
  with Bitcoin well, because it's the best way to stack Bitcoin in
• 10:43
  this automatic self custody. By default, you secure your
• 10:46
  Bitcoin instantly once you buy that Bitcoin and they just
• 10:50
  launched the Lightning feature in the United States.
• 10:52
  So now you can do you know, small DCA straight to lightning
• 10:57
  use their swap feature to get into bigger UTX OS.
• 11:00
  The boys out there are working scan the QR code and you can get
• 11:04
  a couple tosses into the Bitcoin wishing well.
• 11:08
  But of course, if you are on the sidelines right now and you're
• 11:11
  looking at these price dips and you're wondering how can I get
• 11:14
  as much money into Bitcoin, make sure you get in touch with the
• 11:18
  Bitcoin OTC team, the Bitcoin Infinite team, and they will
• 11:22
  give you a white glove service to make sure that you can get a
• 11:25
  bunch of Bitcoin. It's starting at $50,000 minimum
• 11:29
  buys and you can get more than that and they will walk you
• 11:32
  through it very quickly. On that note, guys, use the
• 11:36
  promo code simply BTC scan the QR code, sign up and get some
• 11:40
  tosses into the wishing well Rustin, take it from here.
• 11:44
  Let's get into the show. Send.
• 11:46
  It. Dollars of capital.
• 11:59
  I want to tell you guys about our sponsor stamp seed.
• 12:03
  Is your Bitcoin and cold storage really secure?
• 12:06
  Are your seed words really secure?
• 12:09
  Stamp Seeds Do it yourself kit has everything you'll need to
• 12:13
  hammer your seed words into commercial grade titanium plates
• 12:18
  instead of writing them down on paper.
• 12:21
  Don't do that. Paper sucks.
• 12:23
  You want to literally stamp your seed into this plate of
• 12:28
  titanium. Your words are actually stamped
• 12:30
  into the metal plate with this hammer.
• 12:33
  So once your words are in, they aren't going anywhere.
• 12:37
  No risk of the plate breaking apart and your pieces falling
• 12:41
  everywhere. Titanium stamp seeds will
• 12:43
  survive nearly triple the heat produced by a house fire.
• 12:46
  They are also crush proof, waterproof, non corrosive and
• 12:51
  most importantly, because this is generational wealth time
• 12:54
  proof, all things that paper is not allowing you you to huddle
• 13:00
  your Bitcoin for the long haul. I mean, here is the plate that
• 13:05
  they crushed, they put in water, they put a blowtorch to it and
• 13:09
  as you can see, the words have survived.
• 13:12
  Stamp your seed on stamp seed and you can use promo code
• 13:16
  simply to get 15% off anything on their store.
• 13:20
  Head over to stampse-ed.com today.
• 13:26
  All right guys, we are back. Make sure you scan the QR code
• 13:30
  and use a promo code simply to get 15% off your stamp seed kit.
• 13:34
  Make sure you are not leaving your generational wealth on a
• 13:39
  paper seed phrase in your sock drawer.
• 13:42
  You do not want to tell your children that you got wrecked
• 13:44
  because you know your dog ate your seed phrase.
• 13:47
  This is not the way. Stamp it into titanium.
• 13:49
  All right guys, before we get going and cover the numbers,
• 13:52
  make sure you smash the like button that we have 400 of you
• 13:56
  guys live on YouTube. We have about 100 plus of you
• 13:59
  guys on Rumble, and we have a bunch of you on Twitter.
• 14:05
  So Pam, the like button, let's get to 150 likes on this show in
• 14:11
  the next 15 minutes before the halfway mark.
• 14:13
  All right, guys, what I'll talk about these dashboard and the
• 14:14
  current Bitcoin price is currently 83,800.
• 14:18
  And 50 an absolute joke. Wow, it was 86 yesterday.
• 14:24
  What? What's going on out there
• 14:25
  anyways? The set per dollar is AKA how
• 14:28
  much Bitcoin you can buy for a single dollar, AKA how much the
• 14:30
  dollar is worth in Bitcoin is currently at 1193.
• 14:33
  It's on sales boys and girls. The current block height is
• 14:36
  889,852. The market cap in Fiat terms is
• 14:40
  1.66 trillion. As I told you, we're doing the
• 14:43
  math of 2 trillion. It's a little lower than that,
• 14:46
  but hey, it's got to go soon enough.
• 14:48
  The Bitcoin versus gold market cap is 7.71% and the total
• 14:53
  percentage of Bitcoin that will ever be issued is currently at
• 14:55
  94.49%. Roughly around 19.84 trillion or
• 15:01
  sorry million Bitcoin in circulation.
• 15:03
  And like I said in a couple of days we are going to get to 21
• 15:07
  million Bitcoin or 20 million Bitcoin in circulation.
• 15:11
  That means the last 1,000,000 won't be released for another
• 15:15
  100 plus years. So you might want to get some
• 15:18
  ASAP. It looks like digital scarcity
• 15:20
  is catching on and the real monetary inflation taking Fiat
• 15:23
  currencies of school is currently at .9%.
• 15:26
  It is the hardest soundest money in the world.
• 15:29
  It's absolutely insane It it still blows my mind that people
• 15:32
  don't understand what's going on with Bitcoin.
• 15:34
  Anyways, on that note, we talked about this on Tuesday when we
• 15:39
  took a break for mining disrupt and we were hearing some rumors
• 15:43
  about that China is talking about going back into Bitcoin or
• 15:47
  they're at least in investigating whether they
• 15:50
  should do a strategic Bitcoin reserve.
• 15:52
  Now, it's been a growing trend the last couple of weeks,
• 15:56
  essentially ever since Trump got in to presidency, got elected
• 16:00
  and, and really doubled down on his Bitcoin stances.
• 16:03
  He, you know, he, he came through with SBR.
• 16:06
  And now we're seeing that it looks like the Chinese
• 16:10
  government is officially using Hong Kong as an experiment with
• 16:14
  not only the Bitcoin ETFs, but possibly a strategic Bitcoin
• 16:18
  reserve. And we, we were hearing some
• 16:20
  grumblings about it, but here we got a clip about it.
• 16:22
  So let's watch this clip and and we will see what it all means.
• 16:27
  Sort of forward push by Hong Kong at the moment, a sign that
• 16:33
  trading and crypto could return to the mainland, which of course
• 16:36
  would be a huge boost for the market.
• 16:39
  That's an interesting question. You know, Hong Kong is always
• 16:43
  the gateway to the Chinese mainland market and Hong Kong is
• 16:46
  always used as the lab for experiments either in economies
• 16:52
  or in new industries or new, new new sectors.
• 16:56
  From what we, you know, we run regulated exchange, regulated
• 17:00
  funds in, in Hong Kong. From our conversations with the
• 17:04
  with the regulators, I I think in a in a way they are trying
• 17:10
  their best to use the one country 2 systems as a, as a
• 17:15
  experiment. If it is, it's successful.
• 17:18
  I think that there is the possibility the mainland China
• 17:21
  government will reconsider their strengths towards the crypto and
• 17:25
  web street. Do you?
• 17:26
  Think that's inevitable? Do you think the mainland
• 17:28
  government will will definitely bring crypto back or it's still
• 17:32
  a wait and see? You know, for a government to
• 17:35
  have a clear message, it takes time.
• 17:37
  From what I know so far, so far our conversations with the the
• 17:42
  mainland professionals and related with their sources, I
• 17:47
  think they are now looking at the the market and see what's
• 17:51
  going on in other countries, what's happening in web tree
• 17:56
  industries and then they may come up with their response.
• 18:01
  Guys, remember last couple of years, if you've been in Bitcoin
• 18:06
  for a long time, you know that there always was a couple of
• 18:09
  memes in the Bitcoin space. 1, you know, institutional capital
• 18:13
  is coming that is here and the the flood line is always, you
• 18:17
  know, the China mining ban, China's going to ban Bitcoin,
• 18:20
  China controls Bitcoin and that one was officially dropped a
• 18:25
  couple years ago. Now they have completely pivoted
• 18:27
  and it looks like they are about to go into Bitcoin.
• 18:31
  What timeline are we in? Where now?
• 18:34
  Ever since Trump got elected, ever since Trump doubled down on
• 18:37
  the SPR, we are seeing that even China is starting to re evaluate
• 18:40
  their Bitcoin position. Obviously, they're using Hong
• 18:43
  Kong as a proxy, as you heard, you know, one country, 2
• 18:46
  systems. They're using Hong Kong Kong as
• 18:48
  an experimentary laboratory there.
• 18:50
  And they're like, hey, maybe there is some interest for
• 18:53
  Bitcoin. And now you're starting to see
• 18:55
  the global game theory play out. And I have more global.
• 18:57
  Today's theme is the nation state game theory playing out
• 19:00
  around Bitcoin because there's a bunch of stories about it.
• 19:02
  And you can see that they're starting to pivot, they're
• 19:04
  starting to research, they're starting to realize, hey, if we
• 19:07
  don't adopt A Bitcoin strategy, we are going to get left behind.
• 19:11
  It is absolutely insane where we are right now.
• 19:14
  As much as you may not like the Trump administration as much
• 19:17
  because you may not like the Trump, the man himself, it looks
• 19:21
  like he has made ripples around the world in regards to how you
• 19:26
  have to look at Bitcoin. It is going into the mainstream.
• 19:29
  It is legitimized completely. Obviously a lot of Bitcoiners
• 19:32
  will say, hey, we don't need the nation states to adopt Bitcoin.
• 19:36
  I thought this was a separation of money and state.
• 19:38
  How are these Bitcoiners applauding nation states
• 19:41
  stacking Bitcoin? What are the concerns?
• 19:43
  How? Good is your money if the
• 19:44
  government doesn't want to buy it, like if they have, you have
• 19:47
  to buy your money. Isn't that like the pond to E4
• 19:51
  GFY Like it's over basically at that point.
• 19:55
  I mean, it's seen as a superior store of value.
• 19:58
  I think part of it is sailor knows what's coming down the
• 20:01
  pipe. You know, this administration
• 20:04
  right out of the gate, it was going to be insane.
• 20:05
  They they are working to ingrain Bitcoin into the financial
• 20:10
  system in these 48 months. And that's with things like.
• 20:14
  What CJ Constantinos is doing with the reverse mortgages and
• 20:18
  all these different products that are being ingrained into
• 20:21
  the Triad buy system, but how you plug in Bitcoin and it just
• 20:25
  supercharges everything. So we're seeing it become looked
• 20:29
  at as that form of property and a lot of people just see it's
• 20:34
  it's monetary value. They don't they've never sent a
• 20:37
  transaction. They don't know what that that's
• 20:39
  like they or care about their privacy and things, but they
• 20:42
  will come around eventually and see the benefits like the in
• 20:46
  kind redemptions that should be coming with the ETF that's big.
• 20:50
  So what happens with Sailor and micro strategy after in kind
• 20:53
  redemptions from the ETS? How does that work out?
• 20:57
  But doesn't matter what I think Bernstein said they're
• 21:00
  predicting MicroStrategy to go to the 600 this cycle.
• 21:04
  So all things are bullish for Bitcoin and Trump did force the
• 21:09
  hand. Maybe economic war games and
• 21:11
  involving Bitcoin have been going on a lot longer.
• 21:14
  If you're China, you have your your gold stash.
• 21:17
  You've been de dollarizing for a long time and they're #2 in
• 21:22
  Bitcoin behind the United States, or it's like very neck
• 21:24
  and neck, like 200 KA piece, something like that.
• 21:28
  So yeah, so when one of your competitors seeks to benefit
• 21:33
  himself, you can either seek to benefit yourself as well or get
• 21:37
  left behind. So this is just what's
• 21:40
  happening. And it's interesting that
• 21:42
  probably the three biggest superpowers, military powers are
• 21:47
  really establishing or are establishing a Bitcoin presence,
• 21:51
  the US, Russia and China. And even after the ban, China's
• 21:55
  total hash rate was still like third among all the nations.
• 22:00
  And they were like Opti was saying, using proxies and
• 22:02
  Kazakhstan, Indonesia and others.
• 22:05
  So it was like a flux here. But also there's things you can
• 22:09
  do with price, with dropping that kind of news and, and
• 22:12
  creating these type of things. So it's very interesting.
• 22:15
  Another thing with the price suppression, gold is rising and
• 22:19
  there's talks about them flipping or revaluing those gold
• 22:22
  certificates that are at like what, 50 bucks a pop and putting
• 22:27
  those up to about 3100 and then flipping that into Bitcoin while
• 22:33
  you're still holding the gold. So I mean, they're just going to
• 22:36
  maximize it at all costs. Scott Besson is would would be
• 22:41
  an economic hit man and I think he knows what he's playing with.
• 22:46
  Love rusted. All right, Andy, what's your
• 22:48
  thoughts on this news? I know before we started the
• 22:51
  show, you're like, hey, I'm not much of A nation state expert,
• 22:54
  game theory expert around Bitcoin.
• 22:57
  I just kind of stacked Bitcoin. I know it's going up in the
• 22:59
  future. So Andy, what's your thoughts
• 23:01
  when you see this clip? Yeah, I mean, I'm a
• 23:04
  decentralization maximalist. And so I'm, I'm, I'm completely
• 23:09
  against on nation states holding Bitcoin.
• 23:12
  I'm totally against ETFs. I don't want these Bitcoin to be
• 23:16
  held by nation states. I don't want them to be owned by
• 23:19
  mega corporations. I want them to be hold by held
• 23:22
  by by Bitcoiners. And that's ultimately what I
• 23:25
  think we need. I mean, I think it really
• 23:26
  depends upon what is the, what is the ultimate outcome of this.
• 23:30
  You know, for me, the ultimate outcome is not getting Bitcoin
• 23:33
  to 2 million or 3 million or 300 million.
• 23:36
  I think ultimately the outcome is to have a new, you know,
• 23:38
  global currency system based upon Bitcoin.
• 23:41
  And if that's the case, you got to have liquidity.
• 23:45
  And if you're not, you're not going to have liquidity if you
• 23:47
  have these big nation states owning a huge portion of, of
• 23:51
  Bitcoin, that's just creates variation in prices that, that
• 23:55
  limit the ability or the efficacy of, of Bitcoin being a,
• 23:59
  a global currency. So, you know, ultimately I'm
• 24:02
  interested in Bitcoin for a global currency, a Bitcoin
• 24:05
  circularity component of this, You know, if the price goes up
• 24:09
  as a result of that, I think it will, I think that's, that
• 24:11
  should say a product of, of Bitcoin being used as a
• 24:14
  nationwide currency. And so I'm, I'm 100% against
• 24:18
  these, these nations owning Bitcoin, the United States
• 24:21
  included. I don't want Black Rock owning
• 24:24
  Bitcoin. And so I'm maybe the, you know,
• 24:27
  a little bit different than many people on, on, on this, you
• 24:29
  know, listen to this podcast, but you know, my, my mission is
• 24:33
  for the global currency and not necessarily a, a, a high time
• 24:37
  preference approach, which is just higher price.
• 24:42
  Absolutely fair take there. I, I 100% agree with you though.
• 24:48
  And me and Ruston would both agree with you on that, though I
• 24:51
  think what, what we all understand, or at least what I
• 24:54
  kind of take from this is, hey, this is a permissionless
• 24:57
  network. As much as I would not want them
• 25:00
  to stack Bitcoin, there's nothing I can really do to stop
• 25:03
  them. And I, I've been kind of taking
• 25:05
  a more more contrarian take on this lately.
• 25:08
  I'm like, hey, look, if anyone needs Bitcoin, I could say that
• 25:13
  the people that are actually printing this very, very bad
• 25:16
  money, this paper money, they probably need it just as much,
• 25:19
  if not more than us, because they know what they're doing.
• 25:22
  They're literally printing value out of thin air.
• 25:24
  And they're like, wait, I need to store my wealth in something
• 25:28
  as well. So it's very interesting.
• 25:30
  The game theory is playing out. The Bitcoin is for anyone meme.
• 25:33
  Bitcoin is for for enemies meme. We, we kind of knew this was
• 25:37
  going to happen. As much as we'd like to push
• 25:39
  back against it. This is why we constantly on the
• 25:41
  show talk about, hey, the main purpose here, the real
• 25:45
  revolution is you as an individual stacking as much
• 25:48
  Bitcoin as possible, but taking that Bitcoin into custody so
• 25:51
  that there is no possibility of a rug pool so that you as an
• 25:54
  individual can control your money as the old name in Bitcoin
• 25:58
  used to be be your own bank, become your own bank.
• 26:01
  And I know this responsibility isn't what a lot of people want.
• 26:04
  They they really just want to, you know, give their money away,
• 26:06
  trust an expert to control their money.
• 26:08
  But as we've seen in the in the years past, in the very recent,
• 26:12
  you know, past, you cannot trust the experts, trust yourself,
• 26:16
  take your Bitcoin into custody. This is the best way to make
• 26:20
  sure you are able to transition into the digital future that we
• 26:23
  find ourselves in there, there, there is a fork in the road
• 26:27
  right now. It is Bitcoin and then it is
• 26:29
  Fiat money or CBDC, digital slavery.
• 26:32
  And you're going to have to make the choice or the choice will be
• 26:34
  made for you. We are bitcoiners.
• 26:36
  We always advocate for you to save in Bitcoin, to take Bitcoin
• 26:40
  into custody. But on the very same same coin,
• 26:43
  we kind of knew that these people would come in.
• 26:45
  We kind of knew that Larry Finks of the world would want some
• 26:47
  Bitcoin. We may not like it, but we knew
• 26:50
  it was going to happen. And I guess this is just where
• 26:52
  we are in the story. Crazy stuff.
• 26:57
  Oh yeah, how? How am I looking?
• 27:00
  You're looking. Right all right everybody well,
• 27:05
  we are we are aware of some of the some of the Internet issues
• 27:10
  and we're trying to fix it live as we go of if you guys are
• 27:13
  enjoying the show so far we're at 126 like make sure to smash
• 27:16
  that like button help us break our goal of Oh my God, what is
• 27:21
  going on restreak It's not on our end anyways.
• 27:25
  Thank you so much for joining us today, Andy.
• 27:27
  We, we spent the. Live.
• 27:29
  Good to see you again. And we're dealing with technical
• 27:33
  difficulties live on the air, but it's a great show.
• 27:37
  Anyways. I'm going to pass it on to
• 27:38
  Ruston. Ruston, what are your thoughts
• 27:39
  while I continue to try to fix the Internet issues on the back
• 27:42
  end? Yeah, I think everyone's right
• 27:47
  about that and the the institutions that we highly
• 27:51
  distrust. But the fact is that they have
• 27:53
  to buy Bitcoin. And The thing is, the best thing
• 27:57
  we can do is run the exchanges and make them get Bitcoin at the
• 28:01
  price they deserve. You know, so it's going to
• 28:05
  happen. It's going to be a store of
• 28:08
  value and a medium of exchange to those who who utilize it.
• 28:13
  Everyone else will get boxed in. And that's why we make this
• 28:16
  point. And and is they stable coin is
• 28:26
  just a backdoor CBDC. So they're going to they, they
• 28:30
  want your, they want your Bitcoin.
• 28:31
  They'll take that as collateral and give you your slave coin,
• 28:35
  stable coin that could be managed, manipulated, dictated
• 28:38
  by whoever issues it. So This is why you don't do
• 28:42
  that. You, you saving Bitcoin is the
• 28:45
  stable coin. I that is the dumbest fucking
• 28:48
  phrase. You're guaranteed to lose value
• 28:50
  over time. But I'm going to save in a
• 28:52
  stable coin which is Fiat. The missing.
• 28:55
  Tag to a dollar. Yeah, the the whole premise is
• 28:57
  completely wrong. They just Bogart that because
• 29:01
  that is the backdoor CBDC tool and you want no part of it.
• 29:05
  I don't and any people that is that should be I get that I
• 29:09
  stack my sets and then we move on.
• 29:12
  But right now the the opportunity cost with everything
• 29:15
  going on, with all this momentum, with this mass massive
• 29:19
  demand, things are going to get hairy.
• 29:21
  And I think that's what they're trying to tell is also we want
• 29:24
  people to get in before something like that happens and
• 29:26
  people get priced out. And yeah, you're not able to
• 29:30
  utilize and save in Bitcoin and reap reap the benefits of the
• 29:34
  savings tool that it is. It's going to be slim pickings
• 29:39
  and supply shock may be just around the corner.
• 29:42
  So our best bet is to stack our balls off.
• 29:46
  Supply shock real I love Ruston all right guys we still have the
• 29:52
  rest of the back end for the show let's get those likes up we
• 29:55
  love you guys push us in the algo.
• 29:58
  I know the internet's acting weird today, but we're going to
• 30:01
  cover some more nation state game theory playing out it.
• 30:04
  It's getting crazy out there. Anyways, on that note, let's get
• 30:07
  to the news. I want to give a shout out to
• 30:11
  our partner Hive Digital Technologies.
• 30:14
  As the first ever public miner, Hive's position to quadruple
• 30:20
  their global footprint in 2025 and as the first with an AI
• 30:25
  strategy, Hive continues to make moves in sustainable high
• 30:29
  performance computing. They consistently topped the
• 30:33
  industry in Bitcoin mine, per Exahash, and now they're
• 30:37
  headquartered in the USA. They're lean and mean, they're
• 30:41
  green and clean, and they're changing the game.
• 30:44
  You can catch the latest buzz by following them at Hive Digital
• 30:48
  Tech or check out their website at Hive digitaltech.com.
• 31:03
  I want to give a shout out to our partner coin kite.
• 31:06
  If you take your Bitcoin security seriously, you'll need
• 31:09
  the best Bitcoin hardware wallet on the market to take self
• 31:12
  custody. That's where cold card comes in
• 31:15
  The cold card Q is the most advanced Bitcoin signing device
• 31:19
  ever made. It's got a full keyboard, larger
• 31:22
  screen and NFC support, making air gap signing easier than
• 31:26
  ever. It's built for power users who
• 31:29
  want the ultimate security without sacrificing usability.
• 31:33
  And if if you're looking for a battle tested on compromising
• 31:36
  cold storage, the Cold Card MK4 is your go to.
• 31:41
  With PSPT signing an industrial grade secure element and USBC,
• 31:45
  it's the perfect blend of security and convenience.
• 31:49
  Both devices are of course 100% Bitcoin only open source and
• 31:54
  built by Bitcoiners for Bitcoiners.
• 31:56
  Secure your Bitcoin the right way with the Cold Card queue and
• 32:00
  the MK4. Head over to coldcard.com today
• 32:04
  and use promo code simply to get 5% off anything on the store.
• 32:12
  All right, guys, you know what, I switched it up, so we're going
• 32:15
  to roll with it. We do this live.
• 32:16
  So Andy, we are going straight into the culture.
• 32:19
  If you guys don't know Andy Schoonover, he is the CEO of
• 32:24
  Crowd Health and, and you know, actually I'm going to wait for
• 32:27
  Ruston to ask you the, the, the spicy question he asked before
• 32:31
  the show. So what is crowd Health for the
• 32:33
  people that don't know? What is your mission?
• 32:36
  What should people you know? What's a TLDR elevator pitch
• 32:40
  here? What are you working on and how
• 32:42
  is this going to help and benefit the world?
• 32:45
  Yeah. I mean we're, we're trying to
• 32:47
  create an alternative to health insurance and have created an
• 32:49
  alternative to health insurance. Health insurance is a Fiat
• 32:52
  centralized absolute mess. Nobody likes it, everybody
• 32:57
  thinks it sucks. And so we're we're trying to do
• 32:59
  something different. In essence, what we did done is
• 33:01
  we've got a community of people, many of which are, are are
• 33:05
  bitcoiners. We've got 10,000 folks now in
• 33:07
  our community. And so if you have a big
• 33:09
  healthcare event, then those healthcare events are funded
• 33:12
  between individuals as opposed to a, a centralized entity doing
• 33:16
  those, those funding. It really hit me.
• 33:18
  I was, I was having lunch with, with Jimmy Song, as I know, you
• 33:22
  know, all of us here here know. And he's like, look, man, the
• 33:24
  problem with health insurance is they have this big pool of Fiat
• 33:27
  on the back end that's decreasing in value every single
• 33:30
  year. Instead of having that pool and
• 33:32
  Fiat, why don't you have that pool and, and Bitcoin?
• 33:34
  And so ultimately we're trying to do is transition away from
• 33:38
  Fiat funding mechanisms into Bitcoin funding mechanisms to
• 33:42
  allow people to, to fund each other's healthcare expenses.
• 33:46
  And if you can, ultimately the goal here is, is being able to
• 33:49
  pay your doctor or your hospital at the point of care.
• 33:53
  And so they will give you significantly better prices if
• 33:57
  you pay them as opposed to them having to go through all the
• 34:00
  bureaucracy and all the rent seekers of, of billing health
• 34:03
  insurance. So if you can pay them at the
• 34:05
  point of care, it's cash now, it's dollars now, it's going to
• 34:08
  be Bitcoin. Hopefully ultimately you're
• 34:11
  going to be able to get way better pricing for healthcare
• 34:13
  than you would by by getting, you know, billing through your,
• 34:16
  your health insurance plan. So that's what we've done.
• 34:19
  We've got a couple 1000 Bitcoiners now who are, who are
• 34:21
  on the platform. You know, you're funding people
• 34:23
  who are taking care of themselves.
• 34:24
  You're not funding people who are, you know, snacking on
• 34:27
  brownies on the on the couch. Our people are, are healthy,
• 34:30
  they're taking care of their healthcare.
• 34:32
  As a result, it's about half the price that you would pay for
• 34:36
  health insurance. So that's ultimately what we're
• 34:38
  trying to do. I mean, I, as I, as I said
• 34:40
  during our nation state conversation, you know what we'd
• 34:43
  really like to see Bitcoin be as a medium exchange.
• 34:45
  And I think the only way to do that is to look at your budget
• 34:48
  and say, you know, what am I paying in Fiat that I can now
• 34:51
  pay in Bitcoin? You know, our mortgages is the
• 34:54
  top one. Our Healthcare is the second
• 34:57
  one. So what if we could take
• 34:58
  healthcare and instead of paying for our healthcare in Fiat, we
• 35:02
  paying for healthcare in Bitcoin.
• 35:04
  We're not asking you to, to take your from your stack.
• 35:06
  What we're trying to, what we're asking you to do is we want you
• 35:09
  to sell dollars, buy Bitcoin so you ultimately can pay for your
• 35:12
  healthcare expenses, which is about the second or third
• 35:15
  depending upon your budget, you know, biggest line item in, in
• 35:19
  that budget. So we think that using Bitcoin
• 35:22
  for, for healthcare, which is a $5 trillion industry and if our
• 35:27
  healthcare system were a country, it'd be the 4th largest
• 35:30
  GDP behind the United States, China and Japan.
• 35:33
  So if we can use Bitcoin, create Bitcoin circularity within
• 35:37
  healthcare, that's what we get really, really excited about.
• 35:40
  Absolutely incredible. So Andy, how, how does this work
• 35:43
  exactly? Like what are the technicals you
• 35:45
  kind of just ran ran through it, But like for someone out there
• 35:48
  looking for healthcare, how does this work exactly?
• 35:52
  Yeah, so in, in kind of the the legacy system, the Fiat system,
• 35:55
  the way we call it is if you have a big health event, you're
• 35:58
  going to go to your doctor, you're going to flop down an
• 36:00
  insurance card, you're not going to really have to worry about
• 36:03
  it. The insurance company pays for
• 36:04
  it. Then you get this explanation of
• 36:06
  benefits in the in the mail and you have no idea what it means.
• 36:09
  You get billed 6 months or a year later for things that
• 36:12
  happen, you know, six months or a year prior.
• 36:15
  It's a total fiasco. And the reason for that is
• 36:18
  because it's a business to business transaction.
• 36:21
  This is a transaction between a hospital system and the
• 36:25
  insurance company. And so, you know, as I've said
• 36:28
  in the past, if you're not paying for a product, you are
• 36:30
  the product. So ultimately our Healthcare is
• 36:33
  the product in the healthcare system.
• 36:36
  Unfortunately, we're trying to totally change that.
• 36:39
  So if Andy breaks his arm, I'm responsible for the 1st 500
• 36:43
  bucks of it. Crowd Health will send the
• 36:45
  remaining $4500 to 45 people in the community and ask them, hey,
• 36:50
  will you help Andy with his broken arm?
• 36:52
  If you say yes, then $100 goes from your account to my account.
• 36:55
  At the end of the day I'm going to have that $5000.
• 36:58
  I can go and pay for my broken arm and I'm getting prices
• 37:02
  because I'm paying directly at the point of care.
• 37:05
  I'm getting prices that are about 50% better than what
• 37:08
  health insurance plans pay. So we have got a community of
• 37:11
  10,000 people. We each ask each person in the
• 37:13
  community just months per month to help somebody else out in in
• 37:17
  the community. You can say yes or you can say
• 37:19
  no. If you say no, like I said, that
• 37:22
  money is transferred. All of that is currently built
• 37:25
  on a Fiat system. But ultimately what we're trying
• 37:27
  to do is create scale of Bitcoiners so we can recreate
• 37:31
  that on a a Bitcoin system, a lightning system primarily.
• 37:35
  You know, we've already actually have it built out.
• 37:37
  We've built it out over Breeze. It's ready to go.
• 37:40
  We just need enough Bitcoiners to be a part of this community
• 37:43
  so that we can transfer exact in Bitcoin back and forth to each
• 37:46
  other. We've got a group of doctors and
• 37:49
  that date that database is growing a bit.
• 37:52
  They're doctors who want to accept Bitcoin and so that will
• 37:55
  create Bitcoin circularity within the the system.
• 37:58
  And I think that's a a system that will will grow and and
• 38:01
  thrive. Absolutely incredible.
• 38:05
  So do you, Well, I guess a quick question is, can this scale to
• 38:09
  be as big as Healthcare is today?
• 38:12
  Like can do you think you'll have the network effects amongst
• 38:15
  Bitcoiners to over overtake the traditional healthcare
• 38:19
  centralized system that we find ourselves in?
• 38:23
  Look, I mean, I think now we've got, you know, whatever X number
• 38:26
  of Bitcoiners, we can argue what that number is.
• 38:29
  And I think that is growing over time.
• 38:31
  And I think is we create a Bitcoin as a medium of exchange
• 38:35
  as the companies out there like you know, Target and Walmart and
• 38:40
  all these other places that we do business will start accepting
• 38:42
  Bitcoin. I think that the number of
• 38:44
  Bitcoiners in the United States will grow and grow and grow.
• 38:47
  And as that that grows, I think our community of people in which
• 38:50
  we can target our target market, our Tam will grow too.
• 38:54
  So, you know, ultimately what we want to do is get a group of
• 38:57
  Bitcoiners together who are interested in funding each other
• 39:00
  that that will grow. And I believe that as Bitcoin
• 39:03
  grows to be the the, you know, the way we buy things in the
• 39:07
  United States, I think that's going to take over healthcare.
• 39:09
  And I think that's where crowd health gets its massive growth
• 39:12
  from. So, you know, we're starting to
• 39:14
  create a community of Bitcoiners.
• 39:16
  If you go to the Bitcoin conferences and you ask, who
• 39:18
  should I use for healthcare? Most Bitcoiners have heard of
• 39:21
  us. We've been on your show, we've
• 39:22
  been on safe show, we've been on Marty's show and Robert's show,
• 39:25
  all these people's shows that talk about what we're doing.
• 39:27
  I mean, I, I think we're starting to use some traction
• 39:29
  here. So I'm, I'm hoping that we get,
• 39:31
  you know, the, the 10 and or 15,000 people that we need to
• 39:34
  actually bit build Bitcoin circularity within healthcare.
• 39:38
  You know, we're starting out. Our system is, is a bit
• 39:41
  interesting. We don't have a big pool of of
• 39:44
  Fiat capital in the back end. We allow you to keep all the
• 39:48
  money in your account. So this is a totally
• 39:51
  decentralized model. So every month we will ask you
• 39:54
  for $55 that 55 will come to us. That's how we pay the bills.
• 39:58
  We'll ask you for an additional if you're a single person, 140
• 40:02
  up to $140.00 to help somebody else out in the community.
• 40:06
  And that's money that's going peer-to-peer to somebody else in
• 40:08
  the community. The cool component of this
• 40:10
  though is if the community doesn't need all that money,
• 40:13
  then we let you keep that money. So for example, in March, we
• 40:18
  only asked for 75 of the the $140.00.
• 40:21
  That means there's $65 that you can keep.
• 40:24
  Well, if you're a bitcoiner with Crowd Health, what we do is we
• 40:27
  set you up a fold account. So that you're that $65 instead
• 40:31
  of being held in Fiat and your account goes to your fold app is
• 40:36
  transitioned or converted to Bitcoin immediately.
• 40:39
  And so in essence, what you're doing by the the community doing
• 40:43
  really well is you almost have your little Bitcoin based, you
• 40:47
  know, healthcare savings account over here that's that's based in
• 40:50
  Bitcoin. And so there's not the tax
• 40:53
  benefits of that. I'm hopefully you know, Senator
• 40:55
  Lummus will help us with some of that, but we're trying to
• 40:58
  integrate Bitcoin into what we do as as much as we can.
• 41:01
  So if you join crowd help you get a full plus account with us
• 41:06
  for free. We we pay for that.
• 41:07
  We pay for your full plus account and then any excess
• 41:10
  funds that the community doesn't use, it goes into that account.
• 41:14
  You get to stack it in your your full plus account over there.
• 41:18
  Awesome. We actually got a good question
• 41:20
  here from Psycho and he goes can Bitcoiners on crowd health say
• 41:23
  yes on every health event and give smaller amounts, kind of
• 41:26
  guaranteeing helping out others? You can automate your yes
• 41:30
  responses, absolutely. So you don't actually have to go
• 41:33
  in and say yes or no. We can automate that so you
• 41:35
  don't have to even worry about it every month.
• 41:37
  And so we allow you to do that in your settings.
• 41:40
  Absolutely incredible. All right, I'm going to pass it
• 41:42
  over to Ruston because I think this is where it's going to get
• 41:44
  a little more spicy. And you already know the
• 41:46
  question and and Ruston you are on YouTube so you know word this
• 41:50
  correctly. Easier way in here, but like we
• 41:54
  were talking about CJ like ingraining Bitcoin into the
• 41:58
  system and this is like one of the greatest examples of it.
• 42:01
  It's like a Bitcoin medical savings account that people are
• 42:07
  opting into and creating and volunteering to help each other
• 42:10
  get their service and care. And the other thing is like the
• 42:14
  incentives change when you have Bitcoin, you have a long time,
• 42:17
  long time horizon. Your, your time preference
• 42:22
  changes. You look, you're more excited.
• 42:24
  You think I'm I could live more years.
• 42:26
  I, I have something excited to live for.
• 42:28
  I can save. You know, who knows what could
• 42:31
  happen in the future? So people take better care of
• 42:34
  themselves in that system. Whereas, you know, like, seems
• 42:38
  like maybe the past few years, few things might have happened
• 42:42
  that led to people losing all faith in their providers.
• 42:47
  How has that aided the growth of crowd crowd health?
• 42:51
  Well. We were talking about it or you
• 42:54
  know, like before the show started and, and you guys were
• 42:56
  like, hey, it sounds like crowd health has done really, really
• 42:59
  well over the last couple of years and it has.
• 43:01
  We grew 100% plus last year. We're going to grow 100 and
• 43:04
  probably 50% this year. Look, I joked that insurance
• 43:09
  companies are our best marketers.
• 43:11
  You know, we, we saw what happened, you know, at the end
• 43:13
  of last year with, with Luigi in the United Healthcare.
• 43:16
  People are pissed off with health insurance.
• 43:19
  I mean, they're pissed off that their claims are getting denied.
• 43:21
  They're pissed off that they're bringing their kids in, you
• 43:24
  know, for a procedure and their, their health insurance plan
• 43:27
  saying no, you can't go in and get that procedure.
• 43:30
  I mean, that is the, the product of a centralized approval
• 43:35
  system. And so, you know, with us, we
• 43:38
  again, I'm a decentralization maximalist.
• 43:40
  Like I want the decisions to be made to be made by the patient
• 43:44
  and the doctor. And we're going to trust the
• 43:46
  patient and the doctor that, you know, patients don't want to go
• 43:49
  and get a knee surgery unless they don't need a knee surgery.
• 43:51
  Yes, the doctors will make more money with the knee surgery, but
• 43:54
  if you have both sides of that equation, I mean, I think that
• 43:57
  people are going to make really good decisions for their for
• 44:00
  their own healthcare. I mean, the beautiful thing
• 44:02
  about our system is given we have so many Bitcoiners and just
• 44:05
  libertarian contrarian thinkers all together, they tan tend to
• 44:09
  be lower time preference. And So what we're seeing is
• 44:12
  people who are healthier, you know, every decision that you
• 44:15
  make, you have a time preference around Do I have the brownie
• 44:18
  today, yes or no? The high time preference is yes,
• 44:21
  because I feel good now, but I feel like shit later.
• 44:23
  The low time preference is no, I'm not going to have that now
• 44:27
  because it's going to make me feel like shit later.
• 44:29
  And so we've got a lot of low time preference people.
• 44:31
  And which means that, you know, look, our our two big expenses,
• 44:35
  one is pregnancies and two are active injuries, meaning having
• 44:39
  babies and people being active out doing things.
• 44:43
  You know, in nature, we have a lot of face, you know, face
• 44:45
  plants on our mountain bikes. We have a lot of torn Acls
• 44:49
  because people are, you know, running around and doing things
• 44:51
  like that's what I want to put my money towards, not somebody
• 44:55
  who spends all day eating brownies and has type 2
• 44:58
  diabetes. And, and so we have a group of
• 45:01
  people in which, you know, I'm, I'm here at the Austin Bitcoin
• 45:05
  Commons. I guess it's called Bitcoin Park
• 45:07
  now Austin, I can tell you looking around this facility,
• 45:10
  like it's not people who are out of shape, it's people who take
• 45:13
  care of themselves. And I think that the more and
• 45:14
  more Bitcoiners we can get to be a part of this, then the lower
• 45:18
  the price is going to go because you want to be in a community of
• 45:20
  people funding each other who take care of themselves.
• 45:24
  So you don't need health insurance plans.
• 45:26
  You can get rid of health insurance plans.
• 45:28
  Crazy story. I, I just heard this morning a
• 45:31
  health insurance plan was had a this was in the Texas
• 45:35
  Legislature at a in a committee. A health insurance plan had
• 45:38
  hired a private investigator to go investigate one of their
• 45:43
  patients who is putting up a fuss because the health
• 45:46
  insurance plan declined a procedure for their kid.
• 45:49
  I mean, that's the bullshit that's happening right now.
• 45:52
  I mean, if you don't think that the, the deep state is alive
• 45:55
  and, and, and well, they're still pulling off some of this
• 45:58
  stuff. Can you imagine a private
• 46:00
  investigator coming in and checking you out just because
• 46:03
  you're making a fuss about a, a health insurance plan denying
• 46:05
  your, your bill? And we see and sold the ultimate
• 46:08
  product of that with, with Luigi.
• 46:10
  And I'm not, you know, condoning that it is, it is the the
• 46:16
  product of of health insurance companies pissing off too many
• 46:20
  people over a too long a period of time.
• 46:22
  And I think we're at a point now where people are trying to to
• 46:25
  look for something alternative. Yeah, 100%.
• 46:28
  I, I think maybe it's not just in Bitcoin, but as, as we're
• 46:32
  seeing kind of globally, I think people are subconsciously
• 46:35
  starting to realize that not only centralized information or
• 46:38
  centralized money, but centralized health is actually
• 46:41
  doing a detriment to yourself and our society.
• 46:45
  And, and you know, there's been a, a very real uptick, at least
• 46:48
  in the Bitcoin space of not only decentralized money,
• 46:51
  decentralized information sources, but decentralized
• 46:54
  health and peer-to-peer decentralized health is
• 46:56
  definitely one of the new trends in Bitcoin.
• 46:59
  I know Bitcoiners have always kind of been on the forefront of
• 47:01
  whether it's eating trends like carnivore diet or, you know, the
• 47:05
  CrossFit, working out, lifting weights, being healthy.
• 47:08
  I was literally joking this week.
• 47:09
  I was having a conversation with Dante and I was joking.
• 47:12
  I'm like, my, my, my Healthcare is just don't get sick.
• 47:16
  Like that's my healthcare right now and it making sure I'm
• 47:20
  eating good. I'm working out.
• 47:21
  So it it is it is incredible to see new products come out and I
• 47:25
  think this is going to be a big thing that plays out in the next
• 47:27
  couple of years is not only, you know, health insurance, but
• 47:31
  we're seeing like mortgage-backed insurance.
• 47:34
  Like I think a Bitcoin insurance is going to be one of the big,
• 47:37
  big areas that that is going to blind side a lot of Bitcoiners.
• 47:40
  But Ruston does want to chime in one more time.
• 47:42
  So Ruston, take it. I was just going to say like, it
• 47:45
  does seem like there's almost a shift amongst the culture in a
• 47:49
  in a large way. It's growing as far as people
• 47:51
  being more health conscious, figuring out these things that
• 47:56
  have been going on a long time between the FDA, pharmaceutical
• 47:59
  companies, etcetera. They get you on the lifelong
• 48:01
  subscription model and people are starting to opt out of that.
• 48:04
  But they needed a system that's there and you guys are providing
• 48:08
  that and that's just absolutely incredible.
• 48:10
  But have you yourself seen a sense of like people adopting
• 48:14
  practices that were seen as, you know, maybe you're just a, a
• 48:20
  geek or a nerd, but like, hey, maybe a little red light, maybe
• 48:24
  getting some sunlight and touching grass ain't so bad.
• 48:27
  Maybe I should stop eating processed foods.
• 48:29
  Like drunk, fat and stupid. Ain't no way to go through life,
• 48:32
  I think. I think crowd health is like
• 48:34
  helping us fix that. I think it's within the Bitcoin
• 48:38
  community generally. I mean, I, I don't know what it
• 48:40
  is about Bitcoin, but once you get into Bitcoin, your life
• 48:42
  changes, doesn't it? I mean, you, you see so many
• 48:44
  people who are bailing on, on, you know, garbage food.
• 48:48
  You see so many people start working out like they are, there
• 48:51
  is something that is stirred up within, within, within them that
• 48:54
  it was like, look, all this stuff that they've told us over
• 48:57
  the last, you know, 3 or 4 decades is a, a bunch of
• 49:00
  hogwash. And, and we need to start
• 49:02
  rethinking the way that we're, we're taking care of ourselves.
• 49:05
  And so I don't know what it is with Bitcoin.
• 49:07
  I, I haven't heard a, a great, you know, hypothesis or thesis
• 49:10
  on this. But there is a change of
• 49:12
  lifestyle when people join Bitcoin.
• 49:15
  I got into Bitcoin, I lost 30 lbs.
• 49:17
  I don't do seed oils. I'm mostly carnivore.
• 49:21
  I stopped drinking. And so I don't know what that is
• 49:24
  just about taking care of yourself and, and, and having a,
• 49:27
  this, this low time preference approach towards life.
• 49:31
  And you know, thank God for for safety and who you know who went
• 49:34
  through this and in multiple books, you know, the Fiat
• 49:38
  standard behind me, Fiat food that Matthew Lyshek was an
• 49:42
  amazing one as well. So ever all the bitcoiners
• 49:44
  reading that I'm actually Co authoring a book with with
• 49:47
  Matthew. It's going to come out this fall
• 49:49
  called Fiat health, talking about our healthcare system and
• 49:53
  how it's been taken over by the government and how we need to
• 49:55
  decentralize it all. And so hope people will, when
• 49:58
  that comes out, we'll, we'll take that too.
• 49:59
  But there's something about Bitcoin when you, you get
• 50:01
  engaged and you buy your, your first stack of stats, that that
• 50:06
  is a life changing thing. And I have seen it.
• 50:08
  And it's not just the anecdotal anymore.
• 50:09
  I mean, I, I have seen it in, in significant numbers and it's,
• 50:13
  it's a pretty special thing to see.
• 50:15
  And, and so would you prefer to, to fund other people's
• 50:18
  healthcare who are like that, who take a low time preference
• 50:21
  approach to life, life, or would you prefer to fund people who
• 50:24
  are taking a high time, time preference, you know, approach
• 50:26
  to life? For me, I'll, I'll take the
• 50:28
  former, not the latter. And I think the vast majority of
• 50:31
  our members are, are, feel the same way.
• 50:33
  I should not have to pay for chronic conditions, 80% of which
• 50:36
  are lifestyle issues. And people want to just resolve
• 50:40
  with pharmaceuticals as opposed to going with core is core core,
• 50:44
  you know, finding the core issue and, and resolving that through
• 50:47
  food and exercise and, you know, and, and, and other things that
• 50:51
  I I think would be we more valuable than brownies.
• 50:56
  Hey, let's not knock brownies. I yeah, brownie every once in a
• 50:58
  while is great. But no, I totally agree.
• 51:01
  I totally agree. It's my birthday this weekend.
• 51:03
  My favorite thing is ice cream with brownies.
• 51:05
  I will have one, but it's my birthday so I get a pass, yeah.
• 51:08
  No, and, and I think you make you make a, a very, very big
• 51:12
  point. I think a lot of people don't
• 51:13
  understand the healthcare system at all.
• 51:15
  And what you said is exactly how it works.
• 51:17
  Like, would you rather pay for people that that are, you know,
• 51:21
  high time preference, basically unhealthy or people that are
• 51:25
  taking their health seriously lower to the time preference?
• 51:28
  It seems like a no brainer from a bit corners perspective, But
• 51:30
  hey, I I guess it needs to kind of circulate around society.
• 51:34
  But we do have one question before we get back to some
• 51:36
  nation state news guys. We're going to ask this last
• 51:39
  question to Andy and then we'll get back to the normal
• 51:41
  programming. Andy, we have a question on our
• 51:43
  Rumble and it asks how does this work if you already have an
• 51:46
  insurance provided by an employer?
• 51:50
  Yeah, get rid of them. Drop that garbage.
• 51:54
  Like that's what you need to do. I mean, you know, ultimately
• 51:56
  what you're doing is you're supporting a, a, a system that
• 51:59
  you know, is, is, is taking advantage of you and making you
• 52:02
  and forcing you to pay for things that you don't want to be
• 52:04
  paying for. So drop it and join crowd
• 52:08
  health. 80% of our people are completely uninsured.
• 52:11
  We say we're all delightfully uninsured.
• 52:14
  These are nothing better than being uninsured.
• 52:16
  All the rest of the culture things like that's crazy, that's
• 52:18
  stupid, but they think that Bitcoin is stupid too.
• 52:21
  So screw them, go uninsured. It's way better.
• 52:24
  You've got a community of people who backed you up.
• 52:26
  We've done this over 20,000 bills over the last four years
• 52:29
  and and 99.8% of them have gotten funded, which is a hell
• 52:33
  of a lot better than what you're seeing with health insurance
• 52:36
  plans. And so don't buy into this
• 52:38
  cultural narrative that you have to have health insurance.
• 52:41
  Ditch it, try something else. It'll save you a ton of money,
• 52:44
  and you're going to be in a community with a bunch of
• 52:46
  bitcoiners who will take care of you if something big happens.
• 52:50
  Incredible, I've never felt safer in my life with no health
• 52:53
  insurance than today my health insurance don't get sick and eat
• 52:59
  good. I I might be able to have a a
• 53:01
  backup plan now with what you. Want and I agree with you, just
• 53:04
  just just so you don't let me tell you a quick story.
• 53:06
  We have a bitcoiner. Actually he was up in Montana.
• 53:09
  He was fishing. He had a 44 in his his holster.
• 53:13
  You know, he catches a fish, he leans down, the 44 falls out,
• 53:17
  the hammer hits rock. It goes off, goes into the top,
• 53:21
  into the the front of his calf, out the back of his calf, into
• 53:23
  his thigh, out the top of his thigh, into his chest and out
• 53:26
  the back. He's in the middle of nowhere,
• 53:28
  Montana. So we have to fly a helicopter
• 53:30
  and to get him the closest hospital is 2 hours away.
• 53:33
  So they fly him to the closest hospital.
• 53:35
  He's in a coma. He goes into sepsis.
• 53:37
  I mean, these are this, this is almost $1,000,000 bill when it's
• 53:41
  all said and done. So you can say like, I'm just
• 53:44
  not going to get in an, you know, an accident all the way to
• 53:46
  work, you know, but you, you might, right.
• 53:48
  And so I think this is a, a, a great way to say, hey, look, if
• 53:52
  something crazy happens to me, I'm not going to have to sell
• 53:55
  all my Bitcoin to pay for this stuff.
• 53:57
  Like I got a group and a community of people who are
• 53:59
  going to help me out. So crazy stuff happens, and this
• 54:02
  is helping you in the case of some of that crazy stuff.
• 54:05
  And you know, this guy was like super fit and active and ate
• 54:09
  well and I think he was a carnivore.
• 54:12
  So, you know, crazy stuff happens.
• 54:14
  And so this is what crowd health is for.
• 54:16
  Totally, totally, 100% couldn't agree more.
• 54:20
  You know, life is insane, but I'm glad we have something like
• 54:24
  crowd health. So Andy, thank you for talking
• 54:26
  about crowd health. Guys, if you're listening in the
• 54:28
  audio, make sure you go to joincrowdhealth.com.
• 54:31
  We are going to get back to our normal programming and we're
• 54:34
  going to talk about some nation state news.
• 54:36
  The whole theme of the the show today is a nation state.
• 54:39
  FOMO seems to be playing out, though not everyone is FOMO ING
• 54:43
  on Bitcoin, but we'll cover that right now.
• 54:45
  Let's get into it. I want to give a shout out to
• 54:48
  our sponsor, Casa. Bitcoin security matters, but
• 54:52
  managing private keys can sometimes be complicated,
• 54:54
  especially multi sig. What if you can secure your
• 54:57
  Bitcoin without worrying about losing a seed phrase or giving
• 55:00
  up custody? With Casa, you can completely
• 55:03
  control your Bitcoin with multi key security.
• 55:06
  So even if one key is lost or stolen, your funds stay safe.
• 55:11
  No single point of failure, no stress.
• 55:14
  That's what I absolutely love about these guys, they make
• 55:17
  taking Bitcoin into self custody incredibly easy with their best
• 55:21
  in industry user experience through their app.
• 55:23
  I've been personally recommending Casa for years now
• 55:26
  to my friends and family because they will get all the benefits
• 55:30
  of multi key self custody security without the hassle of
• 55:33
  having to learn complicated UI. And if you're thinking of one
• 55:37
  day passing on your Bitcoin to the next generation, their
• 55:40
  inheritance plan has you covered.
• 55:42
  Also, if you're a business looking to add Bitcoin to your
• 55:45
  treasury, do it This secure way with Casa.
• 55:48
  For business to get started, go to Casa dot IO today and get 5%
• 55:53
  off Casa Standard or Casa Premium with promo code simply.
• 56:05
  You need liquidity without having to sell your Bitcoin.
• 56:08
  For more than six years now, Leaden has been the trusted
• 56:11
  choice for Bitcoin backed lending with transparency,
• 56:16
  security and trust at their core.
• 56:19
  I absolutely love these guys and I personally have not only an
• 56:23
  account with them but also alone.
• 56:25
  And some of the key features that I love about Leaden is the
• 56:27
  fact that there are no monthly payments.
• 56:30
  You pay at the end of the term. You also have the ability to
• 56:35
  roll over the loan as well, and you could pay it back whenever
• 56:39
  you want. Essentially, what they do is
• 56:41
  that they help their clients unlock the liquidity of their
• 56:45
  BTC, allowing you to huddle while still accessing the wealth
• 56:49
  of your Bitcoin. They've been battle tested with
• 56:52
  their focus on transparency, security and trust, allowing
• 56:56
  them to build a proven track record of client success and
• 57:00
  security, helping 10s of thousands of clients harness the
• 57:04
  value of their digital assets with confidence and Peace of
• 57:08
  Mind. Learn more about what your BTC
• 57:12
  can do for you. Check out leaden dot IO today.
• 57:19
  All right, guys, so we covered this when this came out.
• 57:24
  This is a couple weeks old, this story here, but I'm I'm using
• 57:27
  this to kind of set the stage for you guys.
• 57:29
  So I'm over on Coindesk and we've all known there's been a
• 57:32
  lot of talk about the strategic Bitcoin reserve.
• 57:34
  We're seeing countries either embrace the idea and some
• 57:37
  countries fight the idea. We've seen, you know, them
• 57:41
  reference a range of ideas of why they shouldn't do it.
• 57:44
  This one was from South Korea. They essentially said that they
• 57:47
  cut out the Bitcoin strategic reserve iterations and
• 57:50
  essentially they referenced the IMF because the IMF didn't like
• 57:54
  it. We we shouldn't be doing this.
• 57:56
  And then, you know, a week or two later, the IMF seemed to
• 57:59
  drop a huge report on Bitcoin and said, yeah, maybe, you know,
• 58:02
  this Bitcoin thing is catching on.
• 58:03
  And maybe you should kind of maybe there is this thing of
• 58:06
  Bitcoin as a, you know, a means of payment.
• 58:09
  And then when we left for the mining disrupt on that day, we
• 58:14
  had the ex finance minister from South Korea urges that South
• 58:18
  Korea should adopt Bitcoin and essentially saying that we
• 58:21
  cannot stop the digitization of finance and Korea is far behind.
• 58:27
  You know, there's been there, there's been some credible
• 58:30
  rumors that their neighbors in the north are probably Bitcoin
• 58:34
  Maxis and they have already started a strategic Bitcoin
• 58:37
  reserve, let alone talking about, hey, the United States is
• 58:40
  already doubling down on their strategic Bitcoin reserve.
• 58:43
  And you know, China is now considering it.
• 58:46
  And we saw this morning that the US government just officially
• 58:49
  moved, moved 100 Bitcoin worth 8.4 million.
• 58:52
  And we're all speculating that it seems like maybe that Bitcoin
• 58:56
  is headed to the strategic Bitcoin reserve address.
• 59:00
  So it looks like they, the Trump administration is doubling down.
• 59:04
  They're committed on this idea of the strategic Bitcoin
• 59:06
  reserve. We all know that the
• 59:08
  technicalities of it, they're essentially going to take the
• 59:10
  Bitcoin that they have seized and they're going to save it.
• 59:13
  They're never going to sell that Bitcoin and it's going to
• 59:16
  basically be moved to a strategic Bitcoin reserve.
• 59:19
  Now, remember, remember the story about Germany selling a
• 59:22
  bunch of their Bitcoin before the Bitcoin price pump?
• 59:25
  Well, we have a new development coming out of Germany, and they
• 59:28
  are going the opposite route. We've been telling you guys for
• 59:31
  the last couple of weeks that the EU and you know, people
• 59:35
  coming from the EU like Christine Lagarde, they seem to
• 59:38
  be, yeah, not only are they going back up, they seem to be
• 59:42
  going the opposite way and they're fighting Bitcoin as much
• 59:46
  as possible. They seem to be hampering their
• 59:48
  citizens every turn they can. And here we have this news
• 59:51
  coming from Benzinga about Germany.
• 59:54
  And the title is Germany sold into Bitcoin in 2024 and now it
• 59:58
  may consider hiking crypto taxes.
• 1:00:01
  So if you don't know in Germany, if you huddle your Bitcoin for
• 1:00:04
  over a year, then you don't have any capital gains tax.
• 1:00:07
  So not only do they dump all their Bitcoin or a you know a
• 1:00:10
  Providence in in Germany dumps or I think it was a state, I
• 1:00:13
  forget the exact way you would classify dump their Bitcoin
• 1:00:18
  right before the Bitcoin. Price dumps I, I think they lost
• 1:00:21
  out on like a 3X return. It was a massive return.
• 1:00:25
  Now they are continuing to double down on very bad Bitcoin
• 1:00:30
  ideas and man you you just you can't make this stuff up.
• 1:00:34
  If you don't embrace Bitcoin in its totality, then you are
• 1:00:39
  you're incentivized to essentially do whatever you can
• 1:00:42
  to try to stop it, and in doing so you are going to hurt
• 1:00:45
  yourself and its citizenry. So let's just look into this a
• 1:00:48
  little bit. Germany's considering a
• 1:00:49
  significant change to how it taxes cryptocurrencies like
• 1:00:52
  Bitcoin and Ethereum, potentially ending the long
• 1:00:55
  standing rule that exempts digital assets from capital
• 1:00:57
  gains tax after a one year holding period.
• 1:01:00
  The proposal, part of the final draft from the Budget, Taxes
• 1:01:03
  Finance working group in the ongoing coalition negotiations,
• 1:01:07
  suggests taxing cryptocurrency profits as private capital
• 1:01:10
  income at a flat rate of 30%, similar to traditional stock
• 1:01:15
  investment. The change would mark a
• 1:01:17
  fundamental shift in Germany's approach to digital assets
• 1:01:20
  taxation, bringing in in line with equity markets.
• 1:01:24
  Currently again, Germany investors who hold
• 1:01:26
  cryptocurrency for more than one year are not subject to tax on
• 1:01:29
  any gains, a policy that has made the country a relatively
• 1:01:32
  favorable jurisdiction for a long term crypto holders.
• 1:01:36
  And then of course, just wrapping up according to the
• 1:01:38
  document, documents obtained by BTC echo the Social Democratic
• 1:01:42
  Party, It might be in the name guys.
• 1:01:44
  It's behind the push to harmonize the tax treatment of
• 1:01:46
  crypto and traditional assets. However, the FP DS electoral
• 1:01:50
  platform did not explicitly mention changes to crypto
• 1:01:53
  taxation, and the party has yet to respond to media inquiries
• 1:01:57
  regarding the proposal. Obviously, as a bitcoiner, as a
• 1:02:02
  free market advocate, free market maxi, a Bitcoiner that
• 1:02:06
  that is on in America right now, seeing that, hey, it looks like
• 1:02:09
  our government is embracing Bitcoin.
• 1:02:11
  We're super happy about this. Obviously we're not so happy
• 1:02:14
  about the the fact that nation states are going to be stacking
• 1:02:16
  a lot of Bitcoin and potentially, you know, using
• 1:02:19
  this as an opportunity to seize your Bitcoin.
• 1:02:21
  But if they can give us some good regulations, they kind of
• 1:02:24
  just get out of our way, then at least in America, it's going to
• 1:02:28
  be a very, very good time to be an American Bitcoiner for the
• 1:02:32
  next 4 years. But the real interesting part
• 1:02:34
  about this is the response that we've seen from the European
• 1:02:37
  Union. We all know Christine Lagarde is
• 1:02:39
  not a fan of Bitcoin. Now we're seeing that Germany
• 1:02:42
  seems to be doing whatever they can to stop Bitcoin
• 1:02:45
  entrepreneurs staying in their country.
• 1:02:47
  We've seen what's they've been trying to do in France, in the
• 1:02:50
  EU. It looks like they are doing
• 1:02:52
  whatever they can to control capital from flowing into
• 1:02:56
  Bitcoin and essentially usher in their CBDC by October.
• 1:03:00
  It is not looking good for European Bitcoiners.
• 1:03:03
  And right now, you know, Germany is probably the shining example
• 1:03:08
  of what not to do. Do not sell your Bitcoin before
• 1:03:11
  the pump. And then of course, you know, do
• 1:03:13
  not change your tax rulings around Bitcoin because that's
• 1:03:16
  going to not only make Bitcoiners not want to move to
• 1:03:19
  your country, but it's going to make capital flow out of your
• 1:03:22
  country. And obviously this is just a
• 1:03:24
  proposal, but you're seeing many of these proposals and very bad
• 1:03:29
  regulations around the world. Ever since the Trump
• 1:03:31
  administration has kind of doubled down on their SBR.
• 1:03:34
  We all know the SEC head is very pro Bitcoin.
• 1:03:38
  We're seeing that a lot of different institutions, you
• 1:03:42
  know, government facilities and federal government institutions
• 1:03:45
  are like, hey, we're going to embrace Bitcoin.
• 1:03:48
  We're going to kind of let this go and we will embrace the
• 1:03:52
  Bitcoin world and be what the Bitcoin superpower of the world.
• 1:03:55
  So while the US embraces Bitcoin just in a in a very bad knee
• 1:04:01
  jerk reaction, it looks like the countries that don't like Trump
• 1:04:04
  are essentially doing whatever they can to stop from stop
• 1:04:06
  Bitcoin being adopted. It's it's absolutely insane.
• 1:04:09
  We were this close to being the EU like November goes a
• 1:04:12
  different way. You're going to be looking at
• 1:04:14
  oh, going to jail for your tweets getting cancelled.
• 1:04:17
  You can't speak. You know, certain purchases are
• 1:04:21
  banned. You can't use your Bitcoin.
• 1:04:22
  They, they would have been total gulag, just like the EU.
• 1:04:25
  And where I'm at with the EU, you want to lock people up for
• 1:04:28
  their tweets. You want, you want a pan?
• 1:04:30
  I hope you go absolutely bang like Ursula von Doodle.
• 1:04:35
  All you It's, it's, it's horrible what they're doing to
• 1:04:38
  their people and the fact that so many people just, it just
• 1:04:43
  seems like they're just taking it and that that just maybe it's
• 1:04:46
  an American thing. And luckily we went the other
• 1:04:50
  direction and it couldn't have come at a better time because if
• 1:04:53
  we didn't and it would have been the full, you know, global
• 1:04:56
  panopticon, those in self custody would be fine.
• 1:04:59
  But again, this is also idiocy in the like, how do you enforce
• 1:05:02
  this? The only way is if monitoring
• 1:05:06
  the exchanges or whatever. But these rule, these words on
• 1:05:10
  paper mean nothing to Bitcoin. It doesn't give a shit.
• 1:05:14
  You can't stop me from exchanging with anyone etcetera.
• 1:05:17
  So yeah, it's just fear tactics and they'll realize how
• 1:05:21
  completely inept and stupid they are and how capital, like you
• 1:05:25
  said, will flee the country to better jurisdictions.
• 1:05:27
  These are sovereign individuals. They don't give a shit about
• 1:05:30
  your words on paper anymore. They'll go to someone who put
• 1:05:34
  different words on paper and live life that way.
• 1:05:37
  So yeah, this is just grasping at straws.
• 1:05:40
  Why? Why so desperate to cut off
• 1:05:42
  freedom, you know. That is the signal.
• 1:05:46
  Why are they so desperate to stop Bitcoin?
• 1:05:48
  I don't know. Maybe because it exposes the
• 1:05:50
  sham of Fiat currencies and blows up everything that they've
• 1:05:53
  made money off. I don't know, maybe just me
• 1:05:55
  speculating here. Anyways, Andy, what's your
• 1:05:58
  thoughts on this news? I, I know you said you're not in
• 1:06:01
  nation state expert here, but I think from just the first
• 1:06:05
  principle of being a bitcoiner, you can see how ludicrous this
• 1:06:08
  this new proposal is. Amen.
• 1:06:11
  I mean, I want I want I want government out of everything.
• 1:06:13
  And so the best way to get government out of Bitcoin is do
• 1:06:15
  the exact opposite of what Germany did, which is eliminate
• 1:06:18
  taxes on Bitcoin. And so go the go the other way.
• 1:06:22
  I think you said, like, you know, don't change your tax
• 1:06:25
  regulation on Bitcoin. I want the United States to
• 1:06:27
  change their tax regulation on Bitcoin to zero.
• 1:06:30
  I mean, that is the absolute best way to get Bitcoin adopted
• 1:06:34
  from my perspective. Make taxes zero.
• 1:06:36
  I mean, we have all these little transactions.
• 1:06:38
  You have to pay attention to that.
• 1:06:40
  You know, if I bought it at 60,000 and I sold it, you know,
• 1:06:42
  if I sold it or transact with it at 80,000, I'm now on the, the,
• 1:06:46
  the hook for taxes. I think Senator Lummus has got
• 1:06:49
  a, a bill in there that's like, hey, all these small
• 1:06:51
  transactions are shouldn't be taxed with, with Bitcoin.
• 1:06:54
  And it is one of the things that we struggle with.
• 1:06:56
  And what we try to do is all these little transactions back
• 1:06:59
  and forth are taxed. And so it's like, let's get rid
• 1:07:02
  of the taxes on Bitcoin transactions.
• 1:07:04
  It's ridiculous, It's preposterous.
• 1:07:06
  Get rid of it. And if you do that, Bitcoin will
• 1:07:08
  explode. That is the number one thing the
• 1:07:11
  United States government could do right now to to enhance what
• 1:07:13
  Bitcoin is doing in our country, Not the Bitcoin strategic
• 1:07:16
  reserve. I know people are going to yell
• 1:07:18
  at me. It's get rid of taxes on
• 1:07:20
  Bitcoin. That's going to go way, way
• 1:07:21
  further than any kind of Bitcoin strategic reserve.
• 1:07:23
  Absolutely. That opens up medium.
• 1:07:25
  That's the only thing holding so many back from allowing it as a
• 1:07:29
  medium of exchange at their locations.
• 1:07:31
  Because now with everything happening, how many companies
• 1:07:34
  and retailers would like to take maybe 10% of every sale and we
• 1:07:38
  start putting that into SAT's and that's a little bit of a
• 1:07:40
  long term treasury for a little retail thing.
• 1:07:43
  So that that's something they could do it just they're all
• 1:07:45
  going to move that way. That's, that's bigger, like you
• 1:07:48
  said, than any ETF, anything like that.
• 1:07:51
  Eliminating capital gains would just unleash the Kraken on on
• 1:07:55
  everything if you can. Do those micro transactions or
• 1:07:58
  the small transactions in Bitcoin, the demand for Bitcoin
• 1:08:01
  will go up exponentially, way more than Bitcoin strategic
• 1:08:05
  reserves, I think from my perspective.
• 1:08:07
  And so if we start transacting in Bitcoin, the, the demand for
• 1:08:10
  dollars goes down, the demand for Bitcoin goes up, your price
• 1:08:13
  goes up. Everybody's happy who's in
• 1:08:15
  Bitcoin who just wants to see the price goes up.
• 1:08:17
  I'm happy because I'm in Bitcoin because I wanted to see it is
• 1:08:20
  beating the, the global, worldwide, you know, medium
• 1:08:23
  exchange. That's what the United States
• 1:08:25
  government should do, without a doubt, just reduce it, get rid
• 1:08:27
  of taxes on Bitcoin. One, it's a pain in the ass to
• 1:08:30
  keep track of and and two, it will, it will, you know, put
• 1:08:33
  fire on on Bitcoin being being an alternative currency.
• 1:08:38
  Yeah. And the, and the biggest thing
• 1:08:39
  is, is like you, you're not taxed when you exchange your
• 1:08:41
  dollars for whatever Canadian Moosehekels or whatever Peso you
• 1:08:46
  are going into. But when it comes to Bitcoin,
• 1:08:48
  you can tell that they're they're doing whatever they can
• 1:08:50
  to classify Bitcoin in such a way so that people don't
• 1:08:53
  actually use it. Because if if they reduce the
• 1:08:56
  friction to use Bitcoin, then obviously most people, I think
• 1:09:00
  in their right mind when they have the information would just
• 1:09:03
  very easily flow into Bitcoin and then the game is over.
• 1:09:07
  The jig is up and and this is what they're doing at whatever
• 1:09:11
  turn they can to try to stop people from flowing into Bitcoin
• 1:09:14
  because it is just, it's simply better money.
• 1:09:17
  Like even the user experience. I know some friends on Twitter
• 1:09:20
  have been saying that what, what's the meme?
• 1:09:23
  The the UX will not be good for the revolution or something, The
• 1:09:26
  revolution, the UX will be bad for the revolution or something
• 1:09:29
  like that. They're obviously trolling, but
• 1:09:31
  I think, you know, using lightning wallets, it's so much
• 1:09:34
  easier than a credit card. I literally hate typing in my
• 1:09:37
  credit card. You just scan it with the, you
• 1:09:38
  know, at home scan, scan your Bitcoin or scan the, the
• 1:09:42
  address, send it, you're good to go.
• 1:09:44
  Like the user experience I think is, is way better than a
• 1:09:47
  traditional Fiat, but we're still at this point where I
• 1:09:50
  think few people are really, really, really understanding
• 1:09:53
  what is going on with Bitcoin. They still kind of have the
• 1:09:55
  memes of it being some kind of Internet Ponzi.
• 1:09:58
  Actually, I was having a good conversation at mining Disrupt
• 1:10:01
  and he he was kind of talking to me.
• 1:10:03
  He's like, man, I really appreciate what you're doing on
• 1:10:05
  the show. And he's like, and I'm a boomer
• 1:10:08
  and I'm like, well, first of all, sorry.
• 1:10:10
  You know, I know, I, I know I generalize a lot and I talk
• 1:10:12
  smack on boomers. He's like, no, talk more smack.
• 1:10:15
  They deserve it. And I'm like, OK, thank you.
• 1:10:17
  I'm like, OK, thank you. But anyways, he was telling me
• 1:10:20
  kind of a story. He's like, man, you know, I went
• 1:10:23
  through the.com bubble and I remember when it was weird and
• 1:10:28
  strange to put your credit card information into the computer
• 1:10:32
  to, you know, to shop. And we all thought it was weird
• 1:10:36
  at the time. And then now it's just like,
• 1:10:39
  it's normal. We all do it.
• 1:10:40
  We don't think twice about it. And he's like, this is where we
• 1:10:43
  are with Bitcoin, that it still feels weird.
• 1:10:45
  It's still fresh. People have to wrap their heads
• 1:10:47
  around it. But we are still early in this
• 1:10:49
  whole adoption process. And then, you know, who knows
• 1:10:52
  what time it is five years, three years, two years, 10 years
• 1:10:55
  from now, it's going to be ubiquitous with just everyday
• 1:10:58
  culture and people are going to be like, we're going to be
• 1:11:01
  sitting here. Remember, remember when people
• 1:11:02
  were scared to use Bitcoin on the Internet to, you know, make
• 1:11:05
  payments? Remember when we lived through
• 1:11:07
  that and we all thought it was going, you know, downhill and we
• 1:11:10
  were going we were it was going to end.
• 1:11:12
  Remember when we thought America was going to ban Bitcoin?
• 1:11:14
  And now we're the Bitcoin superpower.
• 1:11:16
  What what good time we were Ogs back then.
• 1:11:19
  Interesting times. So you know he.
• 1:11:21
  He was telling the dude the Fiat system and I, I deal with it
• 1:11:24
  because we deal with all the back end fintech of Fiat
• 1:11:27
  systems. It's so appalling that I can
• 1:11:30
  send money to somebody and it takes three to six days for it
• 1:11:33
  to get there. I mean, if that doesn't piss.
• 1:11:35
  And by the way, the government knows that you sent your money
• 1:11:38
  from me to somebody else and it's none of their damn
• 1:11:41
  business. And it should immediate, you
• 1:11:42
  know, on Lightning, it's immediate, right?
• 1:11:45
  And, and on this Fiat system that takes three to six days for
• 1:11:48
  my money to transfer. And by the way, what happens to
• 1:11:51
  the money in those three to six days?
• 1:11:52
  We have all these rent seekers in between who are taking, you
• 1:11:55
  know, the float of that. So you're not getting the
• 1:11:58
  benefit of your money for those three to six days.
• 1:12:00
  I'm telling you, like Bitcoin being the the current sea of
• 1:12:04
  exchange would just revolutionize so many different
• 1:12:08
  things that people just don't even think about, be it so
• 1:12:10
  ingrained into our Fiat lifestyle.
• 1:12:13
  But it would massively change the game that you actually get
• 1:12:15
  better as it has for all technologies.
• 1:12:19
  I'm fired up about it. Let's go.
• 1:12:22
  Absolutely love to hear it. Love to hear actually Ruston,
• 1:12:26
  you want to chime in because we are getting kind of towards the
• 1:12:28
  end of the program. So chime in here, Ruston, and
• 1:12:30
  then maybe, maybe if you wrap it up, do us send it and we'll
• 1:12:33
  we'll send the show off into the weekend.
• 1:12:37
  Man it's just the absolute joke right now of Bitcoin at 84 K
• 1:12:41
  when we have crowd health strategic Bitcoin reserves
• 1:12:45
  treasuries. 6 billion coming from GameStop soon.
• 1:12:49
  This is a take advantage of other people, like riding the
• 1:12:54
  short bus, Like really do that right now because this is the
• 1:12:58
  time. This is the time to do it and to
• 1:13:01
  get signed up for crowd health. So you don't, you know,
• 1:13:04
  uninsured is the way to go. It's a giant freaking Ponzi
• 1:13:07
  scheme. You pay into this for what,
• 1:13:09
  fucking years? 300 a month?
• 1:13:11
  When I was a teacher it was like 330 would come out of my check
• 1:13:13
  every month. Didn't get shit for that.
• 1:13:16
  You never see that money and then you still have to pay your
• 1:13:19
  thing when you go to the doc. It's just a complete scam.
• 1:13:21
  I don't know why it hasn't been rug pulled yet but thank God we
• 1:13:27
  have crowd health to help us get it done.
• 1:13:29
  And. We're rug pulling it, baby.
• 1:13:31
  Yeah, we're rug. Pulling the.
• 1:13:34
  BI Health System Sunday. Let's go, let's go.
• 1:13:39
  OK, Andy, thank you so much for coming on.
• 1:13:42
  Rather, thank you so much for dealing with the technical
• 1:13:44
  issues. I don't know what's going on
• 1:13:46
  with the Internet here today, but hey, you know, at least the
• 1:13:50
  show goes on. We do it live.
• 1:13:52
  So Andy, plug your socials. Where would you like to send our
• 1:13:56
  audience? And then we'll wrap up today's
• 1:13:57
  show. Yeah, join Crowd health.com and
• 1:14:00
  then join Crowd Health on all of our socials.
• 1:14:02
  We also have like Crowd Health BTC on Twitter.
• 1:14:06
  So we do all of our Bitcoin stuff over there.
• 1:14:08
  If you guys want to sign up, use the promo code Bitcoin.
• 1:14:11
  It'll get you Crowd Health for 99 bucks a month for the first
• 1:14:15
  three months. You might as well give it a try.
• 1:14:17
  If you like it, then stick with us.
• 1:14:19
  If you don't, then, you know, peace out.
• 1:14:20
  But I think you're going to like it and you know, you know, way,
• 1:14:23
  way, way, hell a lot better than than health insurance.
• 1:14:26
  So come and join us. And then you're not paying for
• 1:14:29
  the blue haired paper haired pansies getting their health
• 1:14:32
  care. All right, Ruston, you're gay.
• 1:14:38
  He could only hold it in for an hour and 10 minutes before
• 1:14:41
  Ruston goes crazy. Anyways, Andy, thank you for
• 1:14:45
  coming on today's show. We'll bring you back soon.
• 1:14:48
  Just hang out behind the scenes as I wrap up the show and we'll,
• 1:14:53
  we'll just give me one minute, one, one minute.
• 1:14:54
  All right, guys, boys and girls. Mainly boys, but some girls, as
• 1:14:59
  you can tell. I'm here with my buddy Ruston.
• 1:15:01
  We are in Miami. Well, rather Fort Lauderdale for
• 1:15:04
  mining Disrupt. Oh, yeah, full.
• 1:15:07
  Don't go full screen anyways. Anyways, anyways, guys, I'm out.
• 1:15:11
  I'm out of here. OK?
• 1:15:12
  The the show's over. The show's over.
• 1:15:14
  Peace out. Today's episode was brought to
• 1:15:17
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:15:21
  mission to enable financial independence.