Latest / Simply Bitcoin / What's Next for Bitcoin? Larry Fink's Power Move | EP 1037

Transcript

What's Next for Bitcoin? Larry Fink's Power Move | EP 1037 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going up forever. You're against Bitcoin, You're
• 0:16
  against freedom. Very positive about Bitcoin here
• 0:25
  at the conference. Do you think that these
• 0:27
  favorable comments could go so far as to indicate that he'd be
• 0:31
  open to it being a reserve currency for the US?
• 0:36
  Yeah, so there were some rumblings of that on X this
• 0:38
  week. It could be something that's
• 0:40
  very difficult to get done, but it is possible.
• 0:44
  The Justice Department holds about 200,000 units of Bitcoin.
• 0:47
  So the United States is the largest holder of Bitcoin and so
• 0:51
  they could easily just move that over to the Department of
• 0:53
  Treasury and start right there and have 13 billion worth of
• 0:56
  Bitcoin on the balance sheet. So it is a possible move, it
• 1:00
  just could be tough to get done. But what happens is the Justice
• 1:03
  Department and holding these units of Bitcoin, they've been a
• 1:06
  random seller in the space. And so if they move from being a
• 1:09
  random seller at times, which could push the price of Bitcoin
• 1:13
  down over to being a long term hodler, well, that could be
• 1:17
  really good for the space and push prices up.
• 1:20
  Yeah, we're going to Simply Bitcoin live.
• 1:22
  We were streaming from the Simply Bitcoin Airbnb in
• 1:25
  Nashville, TN, preparing for the largest Bitcoin conference on
• 1:29
  planet earth, the Bitcoin 2024 conference.
• 1:33
  I'm here with my Larry Co host, the Optimist Fields.
• 1:36
  Have you had your coffee today, my Sir?
• 1:38
  I've had way too much coffee today.
• 1:41
  I'm a little jittery. I need, I need something my
• 1:42
  stomach. But hey man, this is this is
• 1:44
  what we do on the live stream here when we're away and not in
• 1:49
  our home studio. Opti gets jacked on caffeine.
• 1:53
  Oh, man, dude. But that video, that opening
• 1:55
  video, the cold opening was so crazy.
• 1:58
  I can't do it. That was like the first time
• 2:00
  I've seen that video. That was insane.
• 2:02
  And that's like a lot of the rumors that's been speculating
• 2:05
  about what is Trump going to say in his speech.
• 2:08
  David Bailey kind of, you know, chimed in.
• 2:10
  David Bailey would say it would be a really good idea for the US
• 2:14
  government to not see Bitcoin as like this liability.
• 2:18
  Like they've been seeing it like the Treasury just sells it after
• 2:21
  a while. I think that's a very stupid
• 2:23
  move. Why?
• 2:24
  Because they're selling Bitcoin something that's absolutely
• 2:27
  scarce, something that they just can't create more of out of thin
• 2:30
  air for something that they can create out of thin air, which is
• 2:34
  a dollar. Like look at the German
• 2:36
  government's trade. They, they got wrecked.
• 2:38
  They lost like 20% on that trade, selling all that Bitcoin.
• 2:42
  And they could only shoot that bullet once, right?
• 2:45
  They can't, You know, it's going to be a lot harder for them to
• 2:48
  buy back in when the prices are higher.
• 2:51
  And you heard that man. You know, I, I, I, I don't know
• 2:54
  who that gentleman was, but you, you, you heard him.
• 2:57
  He basically said that the US government is one of the largest
• 3:00
  holders of Bitcoin on planet Earth.
• 3:02
  Now imagine if they saw Bitcoin as instead of a liability, they
• 3:07
  saw it as an asset. I mean, that would be, you know,
• 3:11
  that would be, I would say a, a, a game changer in the if for,
• 3:15
  for the price action. Now a lot of bitcoiners, maybe
• 3:18
  from the revolutionary aspect will be like, you know, I, I
• 3:21
  don't want the US government holding Bitcoin.
• 3:23
  This is a separation of money and state that actually empowers
• 3:26
  them. I would say in a way it does, in
• 3:31
  a way it doesn't because you don't change Bitcoin.
• 3:33
  Bitcoin changes you, right? I think by holding Bitcoin, like
• 3:37
  the virtue of holding Bitcoin and you start benefiting from
• 3:41
  holding Bitcoin changes you a little bit over time.
• 3:45
  Like I've seen this story happen time and time and time again,
• 3:49
  right? And they have the opportunity to
• 3:52
  really do good by the American people and follow in the
• 3:55
  footsteps of El Salvador and, you know, make those reserves
• 3:59
  public information, right? Like El Salvador made their
• 4:02
  treasury reserves public. We all know the address and you
• 4:05
  know, it's a lot harder for politicians to take a little bit
• 4:08
  off the top when everyone's looking.
• 4:11
  Where is the Golden Fort Knox? No ones really seen it since the
• 4:14
  1970s, right? In other news as well, and this
• 4:18
  seems to be a developing story, there's been rumors of Jamie
• 4:22
  Dimon and Larry think potentially becoming Treasury
• 4:26
  Secretary. Now, it seems like Trump on
• 4:28
  Truth Social clarified that, basically saying those rumors
• 4:32
  were false. But we're going to explore, you
• 4:34
  know, what if that happens, right?
• 4:36
  Because Trump was also providing air cover for Jamie Dimon as
• 4:40
  well. What would happen if those
• 4:43
  rumors came true? The reason I'm saying that is
• 4:46
  because incentives run the world, run the world.
• 4:49
  I think that's why Bitcoin wins. It's an aligned incentive
• 4:52
  structure model. And what would happen all of a
• 4:55
  sudden if the CEO of BlackRock, who you know they're, they've
• 4:59
  taken a huge stance on Bitcoin, Their company is benefited
• 5:04
  tremendously. They're one of the largest
• 5:06
  Bitcoin holders world. Imagine if all of a sudden they,
• 5:11
  you know, their CEO just became Treasury Secretary of the USI
• 5:14
  mean that would be a polar opposite of of Janet Yellen,
• 5:18
  who's actually been quite hostile towards the industry
• 5:21
  with the whole FinCEN stuff, the AML, the KYC, you know, scaring
• 5:26
  lightning companies out of the US.
• 5:29
  So we're going to explore that topic as well.
• 5:32
  And also last piece of breaking news, Swan Bitcoin seems to have
• 5:36
  cancelled their IPOI mean they're better said delay their
• 5:41
  IPO. Their CEO Corey Klipson dropped
• 5:45
  more information about it on Twitter.
• 5:47
  That also seems to be a developing story.
• 5:49
  More information has been added to that.
• 5:52
  They let go of, I'm not going to name any names because a lot of
• 5:55
  them are very good friends of mine, but they let go of of a
• 5:58
  lot of notable Swans that are very well known in the industry.
• 6:03
  So it seems to it seems that they've taken a big hit.
• 6:06
  But of course, you know this, building a a business in Bitcoin
• 6:10
  is incredibly difficult and I have no doubt that the Swan team
• 6:14
  will persevere. Anyways, it's going to be a
• 6:16
  great show, Opti. We got a lot of stuff for us in
• 6:19
  the culture, don't we? Yeah, yeah, we do.
• 6:21
  But before I get to that, Nico, it looks like this Internet
• 6:24
  can't really handle the stream. It looks a little blurry, guys,
• 6:27
  so forgive us. I guess we need to do this at
• 6:33
  7:20 tomorrow. Oh, yeah.
• 6:36
  It's looking a little blurry. So what?
• 6:38
  We'll keep it full screen, hopefully.
• 6:40
  Hopefully it keeps running for you guys.
• 6:42
  But yeah, man, in the culture, we saw some very crazy news come
• 6:47
  out of the Biden administration. I don't know if I nearly really
• 6:51
  want to speculate that we're seeing a coup happen in the US,
• 6:55
  but it looks like there's some interesting stuff coming out of
• 6:58
  the Biden administration breaking briefing that dropped
• 7:01
  from the White House yesterday. And it really makes you wonder
• 7:04
  what is going on at the head and the control of the US
• 7:09
  government. I know I know there's a lot of
• 7:11
  rumors about Biden going around Twitter right now, but we have
• 7:16
  some it it it's very interesting stuff.
• 7:18
  It it, it kind of goes into what I've been saying for a long time
• 7:21
  on the show that we might be seeing a very slow, slow
• 7:26
  collapse of the US empire in real time.
• 7:29
  So we'll we'll cover that in the culture and I even got a couple
• 7:32
  videos and stuff. But yeah, it's it's pretty
• 7:35
  interesting stuff right now that we're seeing.
• 7:36
  So we'll see. We'll see what happens here.
• 7:39
  But yeah, it looks like the streams, it might be getting
• 7:43
  better, but it looks like it's still a little blurry out there.
• 7:45
  So, well, I guess we'll power through today, yeah?
• 7:47
  Yeah, we'll, we'll do our best, ladies and gentlemen.
• 7:50
  Yeah, just we're on Airbnb and obviously the Internet is not
• 7:54
  the finest, unfortunately. We'll have to drop the 7:20
• 7:57
  tomorrow and it should work. Yeah, so, but anyways, the show
• 8:01
  shall go on. This is a live show after all.
• 8:04
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  store. At the time of recording, the
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  Bitcoin price is 66,270 sats per dollar 1509 block height 853,585
• 11:03
  having estimate March 23rd 2028 Total lightning network capacity
• 11:08
  5031 BTC capacity value 333 million U.S. dollars Realize
• 11:14
  monetary inflation 1.5% market capitalization 1.31 trillion
• 11:19
  Bitcoin versus gold market cap 7.92%.
• 11:24
  In the grand scheme of things, we are just getting the party
• 11:28
  started. Anyways, getting to today's
• 11:30
  news, specifically in the numbers, huge, huge announcement
• 11:34
  from a pretty big company in the space.
• 11:37
  Extremely well respected and I'll read it from the no BS
• 11:43
  Bitcoin article. I also want to say I have ton of
• 11:46
  friends who worked at Swan that unfortunately lost their jobs
• 11:50
  yesterday. Yeah, building and Bitcoin is
• 11:52
  extremely difficult. Just want to emphasize that
• 11:55
  enough. Anyways, the article goes on to
• 11:57
  say Swan cancels public listing plans, rolls back mining
• 12:01
  businesses, and cut staff. I got some of the staff.
• 12:05
  Some of the people in the chat were asking about specific
• 12:07
  members. Yes, a lot of people that you we
• 12:11
  were mentioning. The chat did get let go.
• 12:13
  A lot of very notable bitcoiners that were associated with the
• 12:17
  company got let go as well. Anyways, it goes on to say Swan
• 12:22
  is unlikely to continue. I'll actually read the tweet
• 12:25
  from herself. So he went out and tweeted.
• 12:30
  He said Swan is unlikely to continue with our managed mining
• 12:32
  business in the near term. Without the expectation of
• 12:35
  significant near term revenue from our managed mining unit.
• 12:39
  We are pulling our plans to IPO in the near future.
• 12:43
  Accordingly, Swan is pulling back from our accelerated
• 12:46
  spending plan for our core financial services business.
• 12:49
  Unfortunately, this includes staff cuts across many
• 12:52
  functions. The Swans we've had to let go
• 12:54
  and our staff reduction this week are some of the best
• 12:56
  Bitcoiners on earth, and I would gladly work with each and every
• 13:00
  one of them. In the future, I will be doing
• 13:02
  my best to help them find new roles in Bitcoin, and I hope
• 13:05
  that if you had the opportunity to help similarly, you'll jump
• 13:09
  at the chance. This is an incredible moment in
• 13:12
  time for Bitcoin, with real institutional adoption and
• 13:15
  increasingly favorable regulatory and political
• 13:18
  environment, and the ranks of Bitcoiners swelling in numbers.
• 13:22
  At Swan, we remain ready to serve you with an array of
• 13:24
  Bitcoin financial services and free Bitcoin education.
• 13:28
  See you on the battlefield. There's also, I said it was a
• 13:33
  developing story. There's more news to this as
• 13:35
  well. Corey is clarifying.
• 13:37
  I don't quite understand, but I'll do my best, it says.
• 13:41
  Further clarification Swan's mining business Swan's mining
• 13:45
  unit continues to operate profitably without any
• 13:48
  disruption. The same team members that have
• 13:50
  been working on Swan Mining since July 2023 continue to
• 13:54
  operate the business and and remain employed by SWAN.
• 13:58
  Managed mining equals assets remain on capital providers
• 14:02
  balance sheet. Swan operates for profit share
• 14:05
  self Mining equals assets go into a joint venture or subsidy.
• 14:11
  So Yep, that's basically the news made shock waves yesterday
• 14:15
  on Bitcoin Twitter just because of the amount of bitcoiners that
• 14:20
  are associated with with it. Guys, you're going to have to
• 14:24
  forgive the just the quality of the video.
• 14:27
  I don't know what's going on here.
• 14:29
  Just seems like a crappy Airbnb Internet.
• 14:33
  But but anyways, Opti, what's your take on this bro?
• 14:36
  Yeah. Well, you guys know me, I've,
• 14:38
  I've said this before in the past, I, I do not like to cheer
• 14:42
  when we see Bitcoin companies layoff other bitcoiners,
• 14:46
  especially one like Swan that hired so many of our friends.
• 14:49
  So it was definitely a shocking news story yesterday when, when
• 14:52
  this came out, very, very crazy news.
• 14:56
  Like my timeline was just flooded with a bunch of my
• 14:58
  friends being laid off and, and it was absolutely, absolutely
• 15:02
  insane to see. And it was kind of like
• 15:05
  blindsided, to be honest. So, so personally, I do hope
• 15:08
  that Swan is not in some kind of place where the the company gets
• 15:13
  wrecked, because I want to see Bitcoin only company succeed.
• 15:16
  But I did see a really good tweet from David Bailey
• 15:18
  yesterday and he was kind of taking the High Road and saying,
• 15:22
  you know, Bitcoin mag has laid off a few times.
• 15:25
  You know, I think he said four or five times and this should
• 15:28
  hopefully make swan a better company moving forward and it'll
• 15:31
  be stronger. So I I, you know, I just, I wish
• 15:34
  the best for everyone that got laid off and of course for swan
• 15:37
  is as well, considering they are one of the behemoths in the
• 15:40
  Bitcoin only space. And I just, I just wish them the
• 15:44
  best that everything is working out like copacetic over there.
• 15:47
  So it's definitely crazy news, especially considering the fact
• 15:52
  that it's happening at at the Bitcoin the week of the Bitcoin
• 15:54
  conference, which is I think going to be one of the most like
• 15:57
  pivotal conferences we've had in a long time.
• 15:59
  So I don't know, man, it was, it was pretty mind blowing to see
• 16:02
  this happen yesterday. But man, hopefully it just makes
• 16:05
  them stronger and everything's good over there.
• 16:07
  Of course, I don't have any insights, but I my heart goes
• 16:09
  out to all of their friends that got laid off and hopefully they
• 16:12
  land on their feet. So yeah, man, crazy news
• 16:14
  yesterday. It was really crazy to see
• 16:16
  everyone laid off on Twitter. Yeah. 100% and you know I agree.
• 16:22
  So many friends of mine that I developed, you know, while I was
• 16:27
  there, you know, and and it's just my my heart goes out to
• 16:30
  them and, you know, I'm, I'm positive that they're going to
• 16:35
  find employment very, very quickly just because of how
• 16:38
  talented they are. So, yeah, it is very sad news,
• 16:43
  but this is Bitcoin. It's incredibly difficult to
• 16:46
  build a business in Bitcoin. Yeah.
• 16:47
  Can we talk about that? Yeah, absolutely.
• 16:49
  Yeah, like I think. A lot of people underestimate
• 16:53
  how hard it actually is to be a Bitcoin entrepreneur.
• 16:57
  We, you know, it's very easy to be on Twitter and being like,
• 17:00
  oh, you know, they're not running the company right.
• 17:02
  And you know, oh, a Bitcoin company's going down.
• 17:05
  But as Nico and I know like it's very, at least right now,
• 17:08
  because the industry so early, it's extremely hard to run a
• 17:12
  Bitcoin company and we don't have, how do I say it?
• 17:16
  We, we don't have the luxury of the Fiat system when we run our
• 17:19
  Bitcoin businesses, we got to be efficient.
• 17:21
  We got to make sure that everything is working, that we
• 17:23
  are profitable and it's extremely hard to run a Bitcoin
• 17:27
  business. Like being a Bitcoin
• 17:28
  entrepreneur is not for the faint of heart.
• 17:30
  We've seen a lot of the Ogs basically say the same thing,
• 17:33
  like they've invested so much Bitcoin in the companies and if
• 17:36
  they just hodled on their Bitcoin, then they probably have
• 17:39
  more Bitcoin. But I think this is a message
• 17:41
  that we constantly talk about is that as bitcoiners, it's very
• 17:45
  important for us to create businesses to try to go out
• 17:48
  there and be entrepreneurs and and do things that are
• 17:50
  incredible. So on the one note, shouts out
• 17:53
  to the swan team for for at least trying getting in the
• 17:56
  arena. And then also again, you know,
• 17:58
  shout out to all of our friends that got laid off because it it
• 18:02
  is extremely difficult to be a Bitcoin entrepreneur, especially
• 18:05
  right now. And of course, that's why when
• 18:08
  when Bitcoin companies do succeed and the industry does
• 18:10
  get better, it's you will get rewarded.
• 18:13
  You know, you got to risk it for the biscuit.
• 18:14
  And being an entrepreneur in the first part is hard.
• 18:17
  And being a Bitcoin entrepreneur, I think might even
• 18:19
  be extra hard. But hey, This is why some of us
• 18:22
  got to do it and at least attempt to to do some cool stuff
• 18:25
  for you guys out there. So again, you know, don't don't
• 18:28
  bash on swan or anything out there because it's extremely
• 18:30
  hard to be a Bitcoin entrepreneur.
• 18:32
  And I I think it's a bit more signs.
• 18:34
  So this is going to make the industry stronger, of course,
• 18:36
  and it's good for Bitcoin and they will be better, hopefully
• 18:40
  be better after this. So you know, it's very
• 18:42
  interesting that we're on the verge of a bull run and they had
• 18:46
  to lay off some people. So again, it's it's, it was a
• 18:49
  crazy news story yesterday. Absolutely.
• 18:51
  And again, you know, my, my heart goes out to all the Swans
• 18:56
  that were let go. So yeah, anyways, guys, moving
• 18:59
  on to the news segment. Before we do that, I do want to
• 19:02
  shout out of course to our sponsor and of course I'm
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  the pled party. All right, everybody, let's get
• 20:12
  to the news. Lots to talk about the Daily
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• 21:13
  the show notes below to learn more.
• 21:16
  Everybody scan the QR code on your screen.
• 21:18
  It'll take you directly to the foundation devices website where
• 21:22
  you guys can get You guys can get a discount code if you use
• 21:28
  promo code. Simply guys get remembered.
• 21:32
  Not your keys, not your cheese. Scan the QR code or check the
• 21:35
  link in the video description. Guys we are streaming live from
• 21:39
  Nashville, TN Forgive the subpar video quality.
• 21:46
  Don't know why that happened, but we are working on it in the
• 21:50
  background and we should have it fixed by tomorrow.
• 21:54
  Anyways, we are getting prepared for the Bitcoin conference and
• 21:58
  of course, we have the Bitcoin Senator mean just hyping it up.
• 22:04
  All laser eyes on Nashville. Cynthia Lummis says big things
• 22:08
  are in store this week. Cynthia Lummis has also
• 22:12
  mentioned, you know, this idea of this reserve currency, It's
• 22:16
  been rumored. We played you guys a cold
• 22:19
  opening in the beginning talking about it.
• 22:22
  I don't know what's going to happen.
• 22:23
  I have no idea. But I'm very, very excited for
• 22:28
  Trump's speech, especially, you know, after the attempted
• 22:32
  assassination. I mean, it's so crazy that this
• 22:35
  is happening, that this is happening in, it's happening in,
• 22:43
  in, it's happening like two weeks after what happened.
• 22:48
  And yeah, I think Trump's going to be wearing a, like a, you
• 22:52
  know, like a, like a, like a Band-Aid, you know, on his ear,
• 22:56
  which is just kind of so crazy. Anyways, getting to today's
• 23:00
  news, which is already kind of debunked by the man himself,
• 23:07
  This this is kind of breaking news.
• 23:09
  Like when we are preparing the show.
• 23:11
  I don't know who said it or where it came from.
• 23:13
  Perhaps a radical left. But I never discuss or thought
• 23:16
  of Jamie Dimon or Larry Fink for Secretary of the Treasury.
• 23:21
  I mean, debunked pretty quickly, but the rumors earlier this week
• 23:28
  were that Donald Trump, sorry, the the rumors were that this
• 23:32
  man, Jamie Dimon or this man, Larry Fink would potentially
• 23:38
  become Treasury Secretary during the Trump administration.
• 23:43
  Now, what is really strange is that Trump actually came out
• 23:49
  when, you know, a couple days after the Jamie Dimon rumors
• 23:53
  started to circulate and he actually provided air cover for
• 23:58
  Jamie Dimon here. He even quoted him like after
• 24:02
  meeting with Jamie Dimon, he basically said that, hey, look,
• 24:06
  Jamie Dimon has actually changed his tune on Bitcoin.
• 24:10
  All of a sudden. He doesn't, you know, he doesn't
• 24:12
  care about Bitcoin like in, in, you know, because before he was
• 24:15
  just crapping on it and he was attacking it.
• 24:18
  And now he's basically making the claim that look like
• 24:21
  actually, you know, Jamie Dimon doesn't really care, which is
• 24:25
  strange. So it's like rumors were
• 24:27
  circulating that Jamie Dimon was Treasury Secretary.
• 24:30
  And then shortly after this Forbes article dropped.
• 24:33
  And then about a week after, really this morning, like an
• 24:37
  hour before the show, Trump is saying, I mean, actually neither
• 24:40
  of them will be Treasury Secretary Now.
• 24:43
  I kind of wanted to explore the ideas of both of them.
• 24:46
  Like, I mean, Jamie Dimon has a well known anti Bitcoin stance
• 24:52
  and Larry Fink has a well known public Bitcoin stance due to
• 24:58
  BlackRock. And of course, here is Charlie
• 25:01
  Munger. I think it's fitting to use his
• 25:03
  quote for this just because I know he wasn't a fan of Bitcoin.
• 25:07
  I like to speak, speak I'll of the dead.
• 25:08
  So I'm not going to get into any of that.
• 25:10
  But you know, he did say show me the incentive and I will show
• 25:15
  you the outcome. And as Bitcoiners, I think we
• 25:19
  are really big believers and incentives to say the least,
• 25:23
  right? And of course, here is the
• 25:25
  extremely famous video of of Larry Fink.
• 25:28
  Actually earlier on this week, I think it was actually last week,
• 25:33
  here's Michael Sealer saying Larry Fink believes in Bitcoin.
• 25:37
  Here he is on legacy media and let's check it out now.
• 25:41
  I know you have been a leader in willing to embrace crypto.
• 25:46
  You have made it so that people can be in Bitcoin.
• 25:49
  We hear that you are thinking about Ethereum.
• 25:51
  These are incredible things how that BlackRock is not known as a
• 25:56
  a gunslinger by any means. So you obviously must believe
• 25:59
  that this may be as an alternative.
• 26:00
  Is this an alternative in order to be able because of the
• 26:03
  deficit, maybe something long term people should have?
• 26:06
  Absolutely. As you know, I was a skeptic.
• 26:10
  Yes, I, you know, I was a proud skeptic and I studied it and
• 26:18
  learned about it. And I came away saying, OK, you
• 26:21
  know, my opinion five years ago was wrong.
• 26:23
  Here's my opinion. Say this is what I believe in
• 26:25
  today. I believe the opportunity today.
• 26:27
  I believe Bitcoin is legitimate. I'm not trying to say there's
• 26:31
  not misuses like everything else, but it is a legitimate
• 26:35
  financial instrument that allows you to have maybe uncorrelated,
• 26:41
  non correlated type of returns. I believe it is an instrument
• 26:44
  that you invest in when you're more frightened though.
• 26:47
  It is an instrument when you believe that countries are
• 26:50
  debasing their currency, debasing their currency by
• 26:53
  excess deficits. And some countries are, I
• 26:58
  believe we have countries where you're frightened of your
• 27:02
  everyday existence and have you an opportunity to invest in, in
• 27:06
  a, a something that is outside your country's, you know,
• 27:10
  control, then you can have more financial control.
• 27:14
  And so I'm a, a major believer that there is a role for Bitcoin
• 27:18
  in, in portfolios. I believe you're going to see
• 27:22
  that as an, as one of the asset classes that we all look at.
• 27:26
  I look at it as digital gold, as I said before.
• 27:28
  And I do believe there's a, there's a, there's a real need
• 27:33
  for everyone to look at it as, as one alternative to, I would
• 27:39
  say the optimism that I have in the world.
• 27:42
  If you want to hedge hope, Bitcoin is not an instrument for
• 27:46
  hope unless you're hopeful you're going to make a lot of
• 27:48
  money on it. But I, I look at it as a vehicle
• 27:51
  in which you're expressing your, your financial acumen in
• 27:55
  something that you're more frightened of the world, you're
• 27:57
  more frightened of your existence.
• 27:59
  And I believe there's a great industrial use for it.
• 28:01
  And I, and I think a lot of people are missing that I.
• 28:04
  Couldn't agree more. I changed my mind about what you
• 28:07
  did. You admit my thinking.
• 28:09
  It was like I. Mean, like, I mean, and you
• 28:13
  know, says the best, right? Clearly it's one of the most
• 28:18
  powerful, influential men in the world.
• 28:21
  And he's basically saying Bitcoin is hope.
• 28:24
  Now here's McKenna. This again, this is kind of
• 28:26
  speculation before the Truth Social post, but he says if the
• 28:31
  US declared Bitcoin as a strategic reserve asset under
• 28:34
  the Trump administration with Larry Fink as the Treasury
• 28:36
  Secretary, then this is the news that will take Bitcoin to
• 28:40
  100,000. We have truly entered the end
• 28:42
  game. I 100% agree.
• 28:45
  And I just got to remind everyone that a BlackRock is,
• 28:50
  you know, one of the largest holders of Bitcoin at the
• 28:54
  moment. They currently own 327 thousand
• 28:58
  Bitcoin. Of course, this isn't theirs.
• 29:00
  They're holding it on behalf of people.
• 29:02
  But just to kind of give you guys a rough idea of, you know,
• 29:06
  how much Bitcoin these people have, which is just a
• 29:09
  ridiculous, ridiculous amount. And if this guy was named
• 29:13
  Treasury Secretary, even though Trump is denying it, you know
• 29:17
  that that would be insane for the price and it'd be extremely
• 29:21
  positive, unlike Jamie Dimon being named Treasury Secretary,
• 29:25
  which I think would be negative for the price due to his prior
• 29:28
  comments about just kind of the industry as a whole.
• 29:32
  Now we are going to leave the screen up just because, again,
• 29:35
  we're having a little bit of some connection issues here
• 29:38
  trying to figure it. We're trying to figure it out in
• 29:41
  the background. But but yeah, Opti, what are
• 29:44
  your thoughts on this, man? What are your thoughts?
• 29:46
  What's on you know, this guy potentially becoming Treasury
• 29:52
  Secretary? Well, it doesn't really make me
• 29:56
  feel that good to be honest. Am I being?
• 29:59
  Completely. Honest.
• 30:01
  Is it because? Of the way he's looking at you
• 30:02
  right now, it's the. List.
• 30:04
  It's really the list, but I know I get trolled.
• 30:06
  People say I might have a list, but at least it's not as bad as
• 30:08
  Larry Fink's. No, being completely serious
• 30:10
  like I think Jamie Dimon and Larry Fink have way more power
• 30:16
  currently than if they went into the position of Secretary of
• 30:20
  Treasury. It really doesn't make much
• 30:22
  sense to me for them to become the Secretary of Treasury.
• 30:25
  And it also is really counter to the narrative of the quote UN
• 30:31
  quote drain the swamp. So I think it is it's some some
• 30:34
  good signal that Trump on his true social said that he doesn't
• 30:40
  know where these rumors came from.
• 30:41
  And if if that is, you know, some what it what is what's it
• 30:45
  called shot and fraud where he's, you know, misdirecting
• 30:48
  what's going to happen and then eventually gets one of these
• 30:51
  guys into a position of power. I think it's very important, or
• 30:55
  at least makes me a little paranoid, when you consider that
• 30:59
  we have, you know, people from the PayPal Mafia associated with
• 31:02
  Palantir, people from BlackRock, JP Morgan, and all these people
• 31:07
  at least rumored to be a part of the Trump administration.
• 31:11
  It doesn't really make me feel good in the sense of as the
• 31:14
  everyday layman, it might seem like Trump's revolutionary rizz
• 31:18
  is all out the window and he's just really being absorbed by
• 31:24
  the traditional Republican platform.
• 31:27
  And it's what's the, what's the mean, you know, new leader, same
• 31:32
  leader as the old leaders. So hopefully that rumor is
• 31:36
  squashed and we don't see these people become anywhere near the
• 31:39
  the Trump administration. So it's really interesting that
• 31:42
  we are getting these rumors. Just.
• 31:45
  Just on the face of it, because I think anyone that knows how
• 31:48
  this this works, you would kind of agree or say that Larry Fink
• 31:54
  and Jamie Dimon already control the government.
• 31:56
  So why would they actually go into the government in these
• 31:59
  positions? It just seems to kind of
• 32:02
  dissolve most of the power that they already have.
• 32:05
  But at least if we're getting these rumors squashed, it's
• 32:08
  becoming very clear that maybe, maybe there's still hope for us.
• 32:12
  Like people in the in the chat keep saying, it doesn't make me
• 32:15
  feel good when people say, oh, are we back?
• 32:18
  We are back. Oh, oh, we are back.
• 32:21
  OK. All right.
• 32:23
  What happened? Yeah, well, it seems to be
• 32:26
  clearing up a little bit. All right.
• 32:29
  Sweet. OK, this is working.
• 32:32
  This is working. Yeah, we're back.
• 32:34
  Woo. Awesome.
• 32:37
  OK, let's go. OK, well, hey, at least we
• 32:41
  troubleshooted halfway through the show.
• 32:43
  But yeah, I I forgot my train of thought considering that we got
• 32:46
  we got this back. But hey, at least the rumors are
• 32:49
  being squashed. Who knows where they came from?
• 32:51
  But it is very interesting that ever since the Jamie Dimon the
• 32:54
  rumor came out, his tune is changing towards crypto.
• 32:58
  So who knows what's going on. It seems like some politics is
• 33:01
  playing out and the rumor mills playing out.
• 33:04
  And I think it's going to be very interesting when we cover
• 33:07
  what recovering in the culture considering the crazy stuff
• 33:10
  we're seeing come out from the Biden administration.
• 33:12
  Anyways, Nikko, what's your thoughts wrapping this up?
• 33:16
  I mean. Dude, like I was honestly pretty
• 33:18
  freaking hyped, bro. I know that you weren't hyped.
• 33:21
  I know that everyone's like hey I.
• 33:22
  Still have a tinfoil hat on like.
• 33:24
  Nikko's a status like whatever, but like bro, like you don't
• 33:27
  change Bitcoin. Bitcoin changes you.
• 33:30
  And you know, like if like it's the Charlie Munger quote, bro.
• 33:34
  Like if you know, if, if you want to see the result, take a
• 33:37
  look at the incentives. And if you know, Larry Fink was
• 33:41
  made Treasury Secretary specifically with BlackRock,
• 33:45
  what they're doing with Bitcoin right now, and they're taking
• 33:48
  such a dude. He literally just said.
• 33:50
  Bitcoin is hope bro on on live TV.
• 33:54
  This is true. This is true, but let me counter
• 33:56
  that with the fact that you you stopped that clip before we got
• 34:00
  Jim Cramer to say that now he's embracing Bitcoin and we all
• 34:04
  know about the inverse Kramer, bro.
• 34:06
  So hey, it's been a good run, guys, we had fun here and
• 34:09
  Bitcoin's going to zero. I mean, that's.
• 34:11
  Why we're that's why we're dumping right now, right 'cause
• 34:14
  you know, the, the inverse Kramer rules take has taken into
• 34:18
  effect. But no, in all seriousness, man,
• 34:21
  like I think it, I think it's bullish overall, even though,
• 34:26
  you know, Trump, like literally just debunked, debunked it an
• 34:29
  hour before we went live. But I think the hypothetical is
• 34:32
  like fun to talk about, you know, what could potentially
• 34:35
  happen anyways in all regard. Like I'm still incredibly
• 34:39
  excited for the, you know, potential Trump administration
• 34:44
  with the VP that we know is pro Bitcoin.
• 34:47
  We know that he owns Bitcoin. I think that will be incredibly
• 34:50
  positive for our entire industry and really excited about it.
• 34:55
  And this will be the first Bitcoin election.
• 34:58
  And literally in a couple days in Nashville, we're live
• 35:01
  streaming from right now is going to be, you know, the Trump
• 35:04
  speech to the Bitcoin conference.
• 35:05
  Is he just going to treat it like a regular campaign speech?
• 35:09
  I hope, like he does what RFK did.
• 35:12
  RFK was like, very precise, like, he made some very precise
• 35:17
  offerings to bitcoiners to win over their votes.
• 35:21
  You know, So I hope Trump does that.
• 35:23
  And it's not just a general speech about, you know, the
• 35:26
  border and. Inflation prices all the
• 35:29
  culture. Stuff that like we just like,
• 35:32
  that's exactly why we go to Bitcoin conferences to not have
• 35:35
  to talk about that stuff at all, you know, so, so let's see what
• 35:40
  happens. But anyways, wait wait, Nico.
• 35:42
  Nico, maybe we should throw it in the chat.
• 35:45
  Maybe we should throw this. I'm not going to do the poll
• 35:47
  because this internet's acting wonky.
• 35:49
  But over, under on Will Trump say and the Fed?
• 35:54
  Dude, I mean, if he actually wants to address the issue that,
• 36:01
  you know, I mean, we've already kind of talked about this.
• 36:03
  Like if he actually wants to address the reason as to why,
• 36:09
  you know, you have the administrative state, the
• 36:12
  unelected bureaucracy that remains in power regardless of
• 36:15
  who gets elected into office, going after him, Yeah, you have
• 36:21
  to address the root cause. And the root cause is the money
• 36:25
  printer. The root cause is the Federal
• 36:27
  Reserve. So if he actually wants to
• 36:30
  change things, if he actually wants to make life better for
• 36:34
  the middle class, he has to end the Fed.
• 36:37
  Now, does he have the knowledge and awareness of that?
• 36:41
  No, but I, I can't tell you that the Overton window is shifting.
• 36:45
  I mean, you had Thomas Massie the other day talking about how,
• 36:50
  you know, he read the Bitcoin standard and then shortly after
• 36:54
  he went on Safedine's podcast. So I mean, like, dude, like the
• 36:59
  Overton window is shifting. I just don't know if it's there
• 37:02
  yet, you know, and I and I think Trump would make a lot of
• 37:05
  enemies, a lot, a lot. And already he already has a lot
• 37:08
  of enemies. But imagine how much more
• 37:10
  enemies he would make if he just told the unelected bureaucracy
• 37:15
  that, hey, I'm going after your source of funding.
• 37:17
  Like that would be bad, you know?
• 37:20
  100% one and one more question for everyone in the chat and for
• 37:23
  Nico himself over under on whether he's going to diss
• 37:26
  Bookele again or if he's going to change his tune on Bookele in
• 37:31
  front of a room of bitcoiners. That would be that that would be
• 37:36
  I think a good change in the Overton window as well.
• 37:38
  So it's going to definitely be a defining conversation we hear.
• 37:42
  I, I think it's Friday, so it's gonna be interesting to say the
• 37:46
  least. Yeah.
• 37:47
  I mean. I mean, like, he's gonna get
• 37:50
  booed like hardcore. I don't think that's gonna help
• 37:55
  his cause whatsoever. If he is, you know, trashing the
• 38:02
  Bitcoin president at the Bitcoin conference, I don't think that's
• 38:06
  a really good idea. But again, like, I don't know
• 38:11
  who the people are kind of whispering in his ear.
• 38:13
  Like I have no idea who's telling him things.
• 38:16
  Cuz obviously like the Boo Kelly a lot of people are talking
• 38:20
  about, it's the art of the deal. I'm starting to believe that
• 38:22
  more and more. I just don't think you'd be wise
• 38:25
  at all to criticize Nyan Boo Kelly in front of a whole bunch
• 38:29
  of Bitcoiner brick corners. And then I also heard from Max
• 38:33
  Max is apparently going to go hard in the paint and you know,
• 38:37
  like apparently he's going to, again, Secret Service and law
• 38:42
  enforcement, he's going to criticize, not attack.
• 38:47
  That would have been a bad word to use.
• 38:49
  He's going to criticize Trump's recent campaign slogans and keep
• 38:54
  recent campaign rhetoric as it relates to as it relates to
• 39:00
  Buchele. And apparently he's going to do
• 39:01
  that at the Bitcoin conference. I'm excited for Max's speech as
• 39:06
  well. Max and Stacey.
• 39:07
  Yeah, man, just overall, it's going to be a great week here in
• 39:11
  Nashville. Oh, wait one.
• 39:12
  More good one, one more good one before we go to the culture by
• 39:14
  Ron P over under on mainstream media coverage of the Dons BTC
• 39:18
  conference speech one. Completely over 100%.
• 39:22
  Like, this is such a huge cultural movement moment for
• 39:27
  our, our, our, our, our, our, our movement.
• 39:32
  This is a huge cultural movement for the country.
• 39:35
  This is the first time that you know you have a potential U.S.
• 39:40
  President going out of his way two weeks after an attempted
• 39:45
  assassination attempt. Speaking at a Bitcoin conference
• 39:50
  like that is a big effing deal. Just a little.
• 39:54
  Some things that some things that I've heard in the the
• 39:57
  background is that a lot of VIPs that weren't planning to go are
• 40:02
  planning to make an appearance. Also, not to mention you have
• 40:05
  many mainstream influencers that have giant, enormous followings
• 40:10
  that are not niche content creators like us that are just
• 40:14
  talking about Bitcoin all the time.
• 40:16
  They're going to be. Making appearances as well.
• 40:18
  This is how we break the Overton window.
• 40:20
  This is how you make Bitcoin mainstream is when you get
• 40:24
  these, you know, notable figures.
• 40:26
  I mean I can't think of someone else more notable than Donald
• 40:29
  Trump at the moment. The dude just he's like you
• 40:32
  could say he's one of the most famous men on the face of the
• 40:34
  planet. Like I would say like the only
• 40:36
  way to one up that would be like Elon or Tucker Carlson.
• 40:40
  And I wouldn't be surprised that if one of them made an
• 40:42
  appearance next next year, you know, so like, this is like, you
• 40:47
  can't really go any higher than this in terms of speakers.
• 40:52
  Like, you know, currently, you know, the Trump is in the hot
• 40:56
  seat right now. So yeah, I, I, I would say
• 40:58
  definitely over on that bet anyway.
• 41:02
  Sorry, one more thing, One more thing I want to ask you,
• 41:06
  considering everything we know about the legacy media, do you
• 41:10
  think the coverage will be good coverage?
• 41:13
  Obviously it's all good coverage, whether they're
• 41:15
  talking bad or good about Bitcoin.
• 41:17
  But I'm I'm really wondering what the narrative is going to
• 41:21
  come out about just Trump actually being at the Bitcoin
• 41:24
  conference in general, whether it's going to be in favor of it
• 41:27
  or just like really just roasting this, this thing like
• 41:31
  him being here in general, his attendance and like everyone in
• 41:34
  the chat saying, do you believe he will make Bitcoin a reserve
• 41:37
  acid? I don't know.
• 41:38
  I don't know if it's past the Overton window disconnect.
• 41:41
  Your phone from the Wi-Fi, I think that's literally like as
• 41:45
  simple as that because I just did mine and it just
• 41:48
  dramatically improved the quality of the stream.
• 41:51
  All right, so it seems like we got it figured out for tomorrow,
• 41:54
  ladies and gentlemen. But yeah.
• 41:57
  Somehow, some way, blame Opti. Wow, no.
• 41:59
  No, no, I just did it too. Yeah, it seems it looks good.
• 42:03
  It seems like the the bandwidth. Anyways, is the legacy media
• 42:08
  gonna give good coverage on the thing?
• 42:12
  I think because things are so divided right now, I think the
• 42:16
  right wing media will. I think the left wing media will
• 42:19
  not. And and again, I just want to
• 42:22
  emphasize that the fact that Bitcoin is bipartisan, it
• 42:26
  doesn't lean left or right, but you know, unfortunately the
• 42:31
  political left that's in power right now, they have not taken a
• 42:37
  pro Bitcoin stance whatsoever. And this is of course, like the
• 42:41
  party of Elizabeth Warren and Co.
• 42:43
  So of course the media allies are going to come to their
• 42:46
  defense and anything related to Trump, I think by default they
• 42:50
  just attack, right? Though though actually did you
• 42:53
  see the New York Times article after the RNC speech?
• 42:58
  We haven't talked about it on the show, but we've been
• 43:01
  covering the New York Times as basically a propaganda wing for
• 43:04
  the administrative state, whatever you want to call it.
• 43:06
  And they dropped one of their headlines.
• 43:10
  I think it was the front of their New York Times, the
• 43:13
  physical newspaper, and it was actually favorable, which makes
• 43:17
  me feel a little weird about what's going on, I mean.
• 43:20
  It is kind of like the dude survived an assassination
• 43:24
  attempt and he got like one of the most bad ass pictures in
• 43:27
  American history. So like, you can't like I
• 43:30
  remember like listening to like some people that disliked Trump
• 43:34
  and they were just like, that picture is badass.
• 43:37
  Like Mark Zuckerberg said, that picture is badass.
• 43:41
  Right? And Zuckerberg doesn't have a
• 43:43
  history of supporting Republican candidates to counter.
• 43:47
  That that also makes me feel iffy.
• 43:51
  Oh man. Oh man.
• 43:53
  All right, everybody. Well, guys, I hope we explored
• 43:56
  this topic well enough for you guys.
• 43:59
  Yeah, you can tell when we're. Live.
• 44:00
  It's nice. It's nice.
• 44:02
  Yeah, it's. A lot.
• 44:03
  It's a lot nicer. It's live studio coming soon,
• 44:07
  but let's hit breaking, breaking.
• 44:08
  Let's hit the culture. Lots to talk about.
• 44:10
  Let's check it out. Here we go.
• 44:13
  The. Daily Culture all right
• 44:21
  everybody, I do want to give a what is happening here.
• 44:25
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  don't know what to do tonight. I don't even know who's in town
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  download the orange pull up. It will literally show you the
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  bitcoiners that are near you. It allows you to send them a
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  message directly. So it's the number one resource
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  for Bitcoin only events. So you pull up the orange pull
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  up, it will literally show you what events are happening in
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  Nashville for the Bitcoin conference, by the way, anywhere
• 45:02
  around the world, right? So if you're in your city, you
• 45:05
  don't know any Bitcoiners. You move to a new city, you
• 45:07
  don't know any bitcoiners download the orange pull up.
• 45:09
  You could send DMS to bitcoiners directly.
• 45:12
  Also it's the best way to reach me.
• 45:14
  I don't really answer Twitter DMS or emails these days.
• 45:17
  I get just gets flooded. So you know if you want to reach
• 45:20
  me directly you want me to respond send me a message on the
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  orange pull up and I will get back to you.
• 45:26
  I will I will message you back. So download the orange pull up
• 45:29
  today. It is the Bitcoin social layer.
• 45:33
  Anyways, I'm I'm kind of excited for this conversation.
• 45:36
  Gentlemen, you have to understand Bitcoin point is
• 45:39
  entering into the the like we are, we're we're jumping or
• 45:45
  crossing the chasm. I don't know what the figure of
• 45:48
  speech is crossing. The Rubicon into mainstream
• 45:51
  consciousness correct there. We go so more and more and more
• 45:55
  Opti and I what we're going to do during the culture is we are
• 45:58
  going to talk about cultural issues, but we're going to not
• 46:03
  talk about it from a reactionary perspective like a lot of the
• 46:08
  media, a lot of the left wing or right wing media, but we're
• 46:11
  going to we're going to react to it from a Bitcoiners
• 46:14
  perspective, therefore perspective of hope and
• 46:17
  remember, we actually have a solution to clown world and the
• 46:20
  solution of course is the Bitcoin standard.
• 46:23
  Anyways, Opti, what are we going to talk about today?
• 46:25
  Well, I'm. Going to double down on that.
• 46:27
  Not only a message of hope, but also just showing the
• 46:32
  ridiculousness of clown world and, and the stuff that we're
• 46:34
  seeing. And since legacy media, as we
• 46:36
  know, as we've been covering on this, this channel for a long
• 46:39
  time is pretty much propaganda. It's paid for propaganda.
• 46:44
  Their narratives are lies. And I think people are starting
• 46:46
  to see through the, the lies and, and the paid Shields that
• 46:50
  are coming out from the legacy institutions.
• 46:53
  And we always talk about how much power we have as
• 46:58
  independent content creators. And you guys is tweeting the
• 47:00
  truth, responding to the legacy media headlines and they having
• 47:04
  to bend they, I mean, by the legacy media having to battle on
• 47:09
  the battlegrounds of ideas, which is Twitter and all of
• 47:11
  social media. No longer can their lives just
• 47:14
  stay as the prevailing narrative because everyone is waking up to
• 47:19
  the fact that what what's Nico? We say that their lies are
• 47:22
  suffering from inflation themselves.
• 47:24
  OK, so starting this saga with what we saw over the weekend.
• 47:29
  We were talking about how on Twitter there was that Joe Biden
• 47:32
  was going to drop out of the presidential race.
• 47:35
  I'm just starting with the letter.
• 47:36
  I'm not going to read it. But since he dropped out
• 47:39
  yesterday, we saw a lot of rumors about him embracing or
• 47:42
  endorsing Kamala Harris as becoming the Democratic
• 47:46
  presidential nominee. And and that's not really what
• 47:50
  we're going to be talking about today.
• 47:51
  What we're going to talk about is what I would say, and Nico
• 47:54
  might disagree with me, but I think we're seeing a
• 47:57
  capitulation from the Democratic Party because, you know, Joe
• 48:01
  Biden's the quote, UN quote, the most popular president to ever
• 48:05
  be elected if a human. Were to be suffering from
• 48:07
  inflation, Joe Biden, it would be Joe Biden like, not like and
• 48:12
  I'm again, we're all going to end up there, right, Like the
• 48:15
  man is 81 years old. But again, why the F is an 80
• 48:22
  And and again, St. look, I I I like Trump, I like Trump's
• 48:26
  Bitcoin policies. I do right, And I think the
• 48:29
  guy's hilarious, but the same time he's 78 years old, right?
• 48:35
  So it's like, you know, it it it like this is kind of Phyllis, I
• 48:40
  like this. I like the culture.
• 48:41
  OK, so like, like death, like death.
• 48:46
  And then of course I'm talking about death, like from natural
• 48:48
  causes, right? It's what it does is it creates
• 48:54
  space for the next generation, right, to kind of, you know,
• 48:58
  take the mantle and, you know, assume the responsibilities and
• 49:04
  assume the roles in society, right.
• 49:07
  That's just how Mother Nature kind of designed it.
• 49:09
  I would say it's a good thing, right?
• 49:11
  I would say it's a feature, not a bug.
• 49:15
  And what's happening is that the people in charge, it's a
• 49:19
  gerontocracy, bro. It's like, like literally like I
• 49:22
  think the average age in Congress is like 60-70.
• 49:27
  Nancy Pelosi when she was speaker of the House, that
• 49:29
  lady's like 80 something. And again, I have nothing
• 49:31
  against 70 and 80 year olds. And people are going to live a
• 49:35
  lot longer, you know, like, like, you know, the technology
• 49:39
  these days, like medicine, all that stuff I have for you guys
• 49:43
  is like, should those people that grew up in an era of
• 49:48
  prosperity, right, be the people in power in an era of, I would
• 49:55
  say it's very tough for millennials and zoomers to get
• 49:59
  ahead, right? Of course we have a cheat code
• 50:01
  because of Bitcoin, but I mean, like, that's a really good
• 50:04
  question, right? Opti?
• 50:05
  It's like like, again, like, and I'm not trying to bash on
• 50:10
  Biden's age. What I'm questioning is why is
• 50:13
  that guy in power, right? Like that guy, like he can't
• 50:19
  speak clearly. You can't deny it at this point.
• 50:23
  And for some reason, that guy is running the country.
• 50:27
  He's not running the country, right?
• 50:29
  You know who's running the country?
• 50:30
  The administrative state and the unelected bureaucrats that are
• 50:33
  around him. And they're the ones that have
• 50:35
  been making decisions, right? So like that begs the question.
• 50:39
  It's like, so then what was the point of electing a president in
• 50:41
  the 1st place, right? So it's like this is where we
• 50:44
  are in the movie, ladies and gentlemen, is that Fiat has
• 50:48
  fucked things up to such an extent that we have reached a
• 50:52
  point where we literally have, you know, and again, like a
• 50:58
  puppet in the White House essentially, right?
• 51:01
  And again, I'm not trying to bash on the Democratic Party and
• 51:04
  I'm not trying to bash on Biden and who he is as an individual.
• 51:08
  But without a shadow of a doubt at this moment in time, like Joe
• 51:12
  Biden is not running the country.
• 51:15
  It's the people around him running the country.
• 51:17
  And that's not how it's supposed to work.
• 51:19
  You're supposed to like and the, and it's so funny 'cause these
• 51:22
  people always talk about democracy, right?
• 51:25
  Like supposedly democracy is where you have the ability to
• 51:29
  elect the, your leader, the person that you want into
• 51:32
  office, right? Who's running the country there?
• 51:36
  Where, where are we paying taxes to a death cult, bro?
• 51:39
  I don't know. I don't know what's going on.
• 51:41
  Opti, What are your thoughts, bro?
• 51:43
  Yeah, and that's. Literally what we're going to be
• 51:46
  talking about. But before I get into the the
• 51:49
  stage of late stage Fiat, that we are in the phase of late
• 51:52
  stage Fiat that we're going to end to Nico's point, I think
• 51:56
  it's becoming very obvious to us younger generation that the
• 52:00
  people in power do not represent our interests.
• 52:02
  They're literally stealing the coffers.
• 52:04
  And that's exactly what we're going to be talking about today.
• 52:06
  So this came out yesterday, which is absolutely insane.
• 52:11
  It really makes you think that we are seeing the decline of the
• 52:15
  United States Empire when you see things such like, such as
• 52:19
  this. So I'm not going to read the
• 52:20
  whole thing, just some of this main point.
• 52:22
  So we got this memorandum coming out of the White House
• 52:24
  yesterday, a memorandum on the delegation of certain Functions
• 52:27
  and Authorities under the Rebuilding Economic Prosperity
• 52:30
  and Opportunity for Ukrainians Act.
• 52:32
  So this delegation of certain functions and authorities under
• 52:35
  the Rebuilding Economic Prosperity and Opportunity for
• 52:38
  Ukrainian Act by the authority vested in me President by the
• 52:41
  Constitution and the laws of the United States of America.
• 52:45
  I hereby delegate to the Secretary of the Treasury the
• 52:48
  functions and authorities vested in the President by sections
• 52:51
  1O4A1 and 1O4A2A of the Rebuilding Economic Prosperity
• 52:56
  and Opportunity for Ukrainians Act.
• 52:58
  I hereby delegate to the Secretary of State, in
• 53:00
  consultation with the Secretary of the Treasury, the functions
• 53:04
  and authorities vested in the President by such sections that
• 53:08
  this delegation. The memorandum shall apply to
• 53:10
  any provisions of any any future public laws that are the same or
• 53:13
  substantially the same as those provisions reference in this
• 53:17
  memorandum. Or as bit corners have been
• 53:19
  saying, AKA our boy Nolan from the breakup.
• 53:22
  He goes, did Joe Biden just delegate Ukraine spending to
• 53:25
  Yellen and Blinken? I think he did.
• 53:27
  This suggests this whole switcheroo thing is going to get
• 53:30
  more and more interesting. Or as Mike Ben said, lame.
• 53:34
  O you can't script this. The State Department just
• 53:37
  swallowed the presidency. Or as Marty Bent was saying,
• 53:40
  it's wild watching a legitimate coup play out in the US in real
• 53:44
  time. We really do live in a Banana
• 53:47
  Republic. The NPC narratives, malware is
• 53:49
  still working on people, though. I've heard many normies in my
• 53:52
  life already reiterating the scripts they have been fed.
• 53:56
  And you know, just, this is of course, Opti.
• 53:58
  So I got to meme this a little bit.
• 54:00
  We got Pierre Rochard, he's still alive with a blog
• 54:03
  screenshot. Because at this point, no one
• 54:05
  even knows what's coming out of the the presidency.
• 54:08
  No one knows who's running this company.
• 54:10
  There's rumors that that Biden is not well.
• 54:13
  You know, he's basically dropped out after COVID.
• 54:15
  I've been hearing rumors from, I would say some pretty good
• 54:19
  sources that he's actually in very bad health right now, which
• 54:23
  really makes you wonder who's in control and what is going on.
• 54:27
  And at this point of the Biden administration, they are
• 54:30
  literally giving away. Power.
• 54:34
  The president's power to people that they shouldn't have.
• 54:37
  They're, they're giving the Treasury Secretary executive
• 54:39
  power here. And it, it literally is a Banana
• 54:42
  Republic. It seems like a coup is
• 54:44
  happening. And to make this even worse, I'm
• 54:48
  sure you guys saw this yesterday.
• 54:49
  And if you didn't, it's absolutely incredible.
• 54:52
  So as there's been rumors of of Biden's health, we got this
• 54:56
  video yesterday of Kamala Harris supposedly speaking to Biden
• 55:00
  over the phone at campaign headquarters and, and just
• 55:03
  listen to the little slip up that she did.
• 55:06
  And we got some quick research. However, this is not confirmed.
• 55:10
  I mean it is from RNC research so OK check it out.
• 55:15
  It is so good to. Hear our president's voice, Joe.
• 55:19
  I know you're still on the. On the call and we've been
• 55:22
  talking every day you probably you guys heard it from Doug's
• 55:25
  voice. We love Joe and Jill.
• 55:27
  We really do. They.
• 55:29
  Truly are like family to us and we do everybody here that it's
• 55:34
  neutral little slip up good. To have you on the the call,
• 55:41
  Interesting. And then of course some
• 55:43
  independent research. You want to play it again?
• 55:45
  Could you just explain what happened?
• 55:49
  It seems it seems like. She might have had a little
• 55:52
  Freudian slip and almost said it's good to have you on the
• 55:55
  recording. I mean the call and and play.
• 55:59
  Look, I'll play it again. I'll play it again.
• 56:01
  It is so good to hear our. President's voice Joe, I know
• 56:05
  you're still on the on the call and we've been talking every
• 56:09
  day. You probably you guys heard it
• 56:12
  from. I know you're still on the on
• 56:13
  the call and we've been talking every day.
• 56:16
  God. Dude.
• 56:17
  Holy, this is where we are in. The the media landscape and then
• 56:24
  this, this could be tinfoil hat, this could be speculation, but I
• 56:27
  did see this this morning and it seems like the White House is
• 56:33
  using AI voice generation for that conversation that call that
• 56:38
  we heard and we saw that slip up from Kamala Harris almost saying
• 56:41
  good to have you on the recording, but it's actually on
• 56:44
  the call. Dude, if if you.
• 56:46
  If your money's in dollars, wreck this is what you're.
• 56:50
  This is. Like your figurehead, like our
• 56:52
  figurehead is Satoshi, right? He's gone.
• 56:55
  You know, just he handed over the project that belongs to the
• 56:58
  people. Like if you're earning and
• 57:01
  saving in dollars, like like here you go.
• 57:06
  Like this is what it, this is what it, this is what your money
• 57:09
  is paying for in clown. World correct, right?
• 57:11
  Like this is. Late and remember, America used
• 57:15
  to not be like this, right? But what happens in every like
• 57:19
  big society? This happened in Rome, by the
• 57:21
  way, same shit. They they they, they coin, they
• 57:25
  clipped the coins back then and then they, the percentage of
• 57:29
  silver and the Roman currency, the, the naris started to crease
• 57:33
  over time. And you know what happened to
• 57:34
  society as well? It degraded over time.
• 57:38
  And then there is the eventual collapse.
• 57:40
  I mean, it was like the split between the West Western Roman
• 57:42
  Empire and the Eastern Roman Empire.
• 57:44
  The Byzantine Empire lasted a couple 100 years, but the
• 57:46
  Western Roman Empire was just completely destroyed.
• 57:50
  And you can make a really good case, a really good case that
• 57:54
  inflation played a big role in that.
• 57:57
  And you'd say, OK, Nico, but you're crazy.
• 57:59
  Like how does money relate to what how the president is acting
• 58:05
  or how the vice president is acting?
• 58:07
  Money plays such an integral role in the human condition, in
• 58:13
  the human experience, right? It is half of every transaction,
• 58:17
  everything. Look, this laptop, this
• 58:19
  microphone, this camera, the phone that you're listening to,
• 58:21
  the camera that you, the, the, whatever you're the TV that
• 58:25
  you're listening to this podcast from.
• 58:27
  You probably bought that TV using money, right?
• 58:33
  Imagine if the very system that you used to transact is
• 58:38
  corrupted to the core. It affects every facet of
• 58:42
  society, right? People get poor, the middle
• 58:45
  class gets gutted, right? People can't afford to have
• 58:49
  kids. They can't afford to have kids
• 58:52
  that you can't have a population decline.
• 58:54
  So what do they do? They start importing immigrant.
• 58:56
  Everything is interconnected. This is what people have to
• 58:59
  understand what happens under a Fiat standard, right?
• 59:03
  The food gets worse like it affects every facet of society.
• 59:08
  You have to understand that that's why bitcoiners have the
• 59:11
  term fix the money, fix the world, because it really is like
• 59:16
  that, right? So anyways, let's well, last
• 59:18
  thing last thing. Especially since we always talk
• 59:21
  about the just a pure lies coming out of the legacy media
• 59:25
  and the importance of everyone on Twitter and on social media
• 59:28
  fact checking the fact checkers. We got this video yesterday or
• 59:32
  rather this morning, sorry. And it's absolutely, it makes
• 59:37
  you it makes you think what is actually going on?
• 59:41
  How deep are the lies? And we got a video here of
• 59:44
  someone basically fact checking the recording call.
• 59:47
  You guys can Fact Check me on on how legitimate this might be.
• 59:50
  But it it, it's things that make you say hum, especially with
• 59:54
  that Freudian slip from Kamala Harris herself.
• 59:56
  So let's just watch this real quick.
• 1:00:00
  I know yesterday's news is surprising and.
• 1:00:04
  It's hard for you to. Hear.
• 1:00:05
  But it was the right thing to do.
• 1:00:08
  It's I know it's hard because you poured your heart and soul
• 1:00:11
  into me. OK, let's just.
• 1:00:15
  Go on Old Eleven labs and see if that's really.
• 1:00:19
  All they probably used. For this so upload there.
• 1:00:26
  We go and let's see what we got. Yeah, looks like they didn't
• 1:00:34
  even really try. And and and and and and.
• 1:00:39
  No, no, no, no, no, no, no, no, no.
• 1:00:41
  But hold on, hold on a second. They, these are the same people
• 1:00:44
  that have convinced us that Joe Biden was healthy and that he
• 1:00:49
  was capable. And when they could no longer
• 1:00:52
  hide it anymore due to the debate with Trump that they
• 1:00:58
  completely rigged, by the way, like they, they set up that
• 1:01:02
  debate in such a way where it was so difficult for like they
• 1:01:07
  cut off Trump's microphone when he wasn't speaking.
• 1:01:10
  They, they prepped the questions and even still, they could no
• 1:01:16
  longer hide the fact that this guy wasn't actually in control
• 1:01:20
  of the, of the country. And then shortly after, even
• 1:01:24
  though Joe Biden got, you know, he got democratically elected,
• 1:01:30
  you know, to run again for president representing the
• 1:01:33
  Democratic Party, You said it earlier, it was like a literal
• 1:01:38
  coup when they realized, like, holy cow, we can't hide this
• 1:01:41
  anymore. It's out that this guy's no
• 1:01:43
  longer running the country. He has to step down.
• 1:01:47
  Mind you, they didn't run an election, right?
• 1:01:52
  These are the same people that are talking about the importance
• 1:01:54
  of democracy, right? They didn't run an election.
• 1:01:57
  They appointed someone. And if there was an election
• 1:02:01
  that was run, there's a rise of populism because more and more
• 1:02:05
  people are kind of disgruntled. You know who would have won that
• 1:02:08
  probably on the Democratic ticket?
• 1:02:11
  RFK Junior. But you know what?
• 1:02:13
  The administrative state, they don't want RFK Junior, right?
• 1:02:17
  They want someone they can control.
• 1:02:18
  They want a puppet, right? So it's crazy.
• 1:02:21
  Like they literally appointed the next potential president of
• 1:02:26
  the United States. Like there was no democracy
• 1:02:30
  there. There was no election.
• 1:02:32
  They circumvented it. They look.
• 1:02:35
  And Joe Biden, by the way, for anyone who's not in the know, we
• 1:02:40
  knew this for the longest time. And when everyone said anything
• 1:02:44
  about it, everyone was just trashed.
• 1:02:46
  Like you're a conspiracy theorist, you're a right wing
• 1:02:49
  extremist. Everything in the book they
• 1:02:52
  would throw at you and it turned out to be true.
• 1:02:55
  It's like almost as if like do you remember the inflation
• 1:02:58
  excuses like there was going to be no transitory.
• 1:03:01
  There's no. Inflation, it's going to get
• 1:03:03
  back to 2% like and then what happened?
• 1:03:07
  There was inflation, there was high.
• 1:03:10
  So it's like, I don't, I don't believe the institutions anymore
• 1:03:14
  because they've been lying to us, right?
• 1:03:18
  And I think that is not necessarily because they're bad
• 1:03:21
  people. I think they generally believe
• 1:03:24
  that they're doing what's best for the country.
• 1:03:26
  I just think that Fiat, like the God like power, very precise
• 1:03:31
  wording there. The God like power of being, of
• 1:03:35
  being able to create money for free that other human beings
• 1:03:39
  have to work for, I think really corrupts the soul.
• 1:03:43
  I think it corrupts people. I think it gives them this,
• 1:03:48
  this, this, this belief that they can just play God
• 1:03:52
  essentially. Like, dude, think about it like
• 1:03:54
  I can literally create this thing out of nothing that people
• 1:03:59
  spend their entire lives working for.
• 1:04:02
  And I could just put that towards anything I want, whether
• 1:04:06
  that's war, social programs, anything.
• 1:04:09
  I could just print money out of thin air and just pay for
• 1:04:12
  anything that I want. And I think that infects the
• 1:04:15
  minds of politicians, bro. And I think it really fucks them
• 1:04:19
  up. I think it really does.
• 1:04:21
  And I think that's what we're seeing here.
• 1:04:23
  I think this is an example of of what's happening right now.
• 1:04:25
  Well, I'm going to double down. On that a little bit, guys,
• 1:04:29
  remember the timeline that we've just encountered and the things
• 1:04:32
  that we just talked about and we just seen coming out of the
• 1:04:35
  White House, you know, first they elected.
• 1:04:40
  The most popular? President and you, you could
• 1:04:42
  argue whether the election was really the most popular.
• 1:04:46
  You know, rather he really won that election.
• 1:04:48
  You know, you can argue that. To be clear, he won the
• 1:04:51
  election. But like, some things happened.
• 1:04:55
  Agreed. OK, now.
• 1:04:57
  Next four years later. And then some things happened.
• 1:05:00
  And you can also make a very good case that they definitely
• 1:05:04
  took advantage of the pandemic to change certain voting laws to
• 1:05:08
  benefit a certain political party.
• 1:05:11
  Now, you know, again, like, it's some things happened, right?
• 1:05:15
  Some videos were seen right. Some sketchy things happened.
• 1:05:18
  We will. We will gloss.
• 1:05:20
  Over because that wasn't the main part.
• 1:05:22
  The next part is four years later, we're seeing, you know,
• 1:05:26
  them do whatever they can to try to assassinate Trump's
• 1:05:28
  character. First they try to do it in the
• 1:05:30
  courts, then they literally try to assassinate him.
• 1:05:33
  And then the following week, Joe Biden gets sick.
• 1:05:36
  They instantly kick out Joe Biden because we've been hearing
• 1:05:39
  trends and, you know, there's been articles about and rumors
• 1:05:42
  about the elites in the Democratic Party want to push
• 1:05:45
  Biden out. They endorse Kamala Harris,
• 1:05:48
  which a seemingly very iffy tweet.
• 1:05:53
  It literally a screenshot. We, you know, we got it.
• 1:05:55
  We got broken up with on a tweet on the Internet.
• 1:05:57
  And now they're giving executive power to other branches outside
• 1:06:03
  of the president. We are seeing the collapse of
• 1:06:06
  the empire right now. We're seeing the Banana Republic
• 1:06:08
  play out in real time. We are seemingly seeing a coup
• 1:06:11
  happen right now because I think that the Democratic Party is is
• 1:06:15
  capitulating right now in the This is why I am feeling a
• 1:06:18
  little a little iffy on what we're seeing come out of the
• 1:06:22
  Trump administration, considering, you know, I am a
• 1:06:24
  philosopher by trade and I understand the Hegelian dialect
• 1:06:27
  and, you know, you, you show a. Problem you.
• 1:06:33
  Offer a solution and that's the solution you really wanted in
• 1:06:36
  the beginning. And now it's starting to make me
• 1:06:39
  think that I got to keep my head on a swivel and really, really
• 1:06:42
  be weary of what's going on because I've been saying this
• 1:06:45
  with a couple of friends that are Bitcoiners.
• 1:06:47
  It's like it's almost feels like this winning is too easy, which
• 1:06:51
  makes me makes me a little concerned because I thought it
• 1:06:53
  was going to be harder. And now it seems like it's a
• 1:06:56
  watershed moment. Everyone's embracing Bitcoin.
• 1:06:58
  We're seeing the the late stage Fiat emper empire collapse.
• 1:07:03
  We're seeing that the emperor has no clothes, and now everyone
• 1:07:07
  and their mother will not yet almost.
• 1:07:10
  But a lot of people are waking up to just how fake everything
• 1:07:13
  is. All the institutions are lying.
• 1:07:15
  All of the talking heads and media are lying to you.
• 1:07:19
  The money is fake, the food we're eating is fake.
• 1:07:22
  And now people are waking up to what exactly is going on right
• 1:07:25
  now. Who is in control and where are
• 1:07:28
  we headed in the future? And as Bitcoiners, we're always
• 1:07:31
  like, hey, we got you. Just start to embrace a better
• 1:07:34
  money and you can defund all the crazy stuff we're seeing right
• 1:07:37
  now. Defund clown world saving
• 1:07:39
  Bitcoin, up your skills, build businesses, create
• 1:07:42
  relationships, get your mind right, get your body right
• 1:07:45
  because there is not going to be a savior out here.
• 1:07:48
  Things aren't going to change just because if Trump gets into
• 1:07:50
  the presidency, it's going to change on the grassroot levels
• 1:07:53
  from you and I and everyone around us.
• 1:07:55
  Starting to take more sovereignty, starting to take
• 1:07:57
  their money back, starting to take their lives back.
• 1:08:00
  But the brainwashing and the psyop being coming out from the
• 1:08:03
  legacy media is at an all time high.
• 1:08:05
  And who knows where we're going right now.
• 1:08:07
  But all we know is things are heating up in clown world and
• 1:08:11
  IT. It's very important to keep our
• 1:08:12
  heads on a swivel. Opti.
• 1:08:13
  Rant over dude and IT. No, you, you.
• 1:08:16
  You, first of all, you hit the nail on the head.
• 1:08:18
  Our resolution is back. So we're getting we're we're
• 1:08:22
  inching up, man. It's like the our Internet is
• 1:08:25
  deflationary. It started on a Fiat standard
• 1:08:29
  and it's migrated to a Bitcoin standard.
• 1:08:31
  Anyways, dad jokes guys, I hope you enjoyed the first live show
• 1:08:36
  from Nashville. It seems like you guys really
• 1:08:39
  enjoy. Our numbers were going up, dude.
• 1:08:41
  So it seems like you guys really enjoy us talking about current
• 1:08:45
  events from a Bitcoin perspective, so we're going to
• 1:08:48
  keep giving you guys what you guys want.
• 1:08:51
  Also it seems like you guys enjoy Opti and I together.
• 1:08:54
  I also enjoy is way better working.
• 1:09:00
  Towards an Indio. Short breaking, breaking,
• 1:09:03
  breaking. Hopefully.
• 1:09:04
  Hopefully very. Soon.
• 1:09:05
  And hope you guys enjoyed the show.
• 1:09:07
  Forgive the Internet smash like button.
• 1:09:09
  If you enjoyed the show, consider subscribing if you feel
• 1:09:11
  like we provided you value. And so Sophie and Opti are going
• 1:09:15
  to be holding it down tomorrow for and maybe we'll throw a wine
• 1:09:18
  in here. Yeah, yeah, for another episode.
• 1:09:21
  Of simply Bitcoin live but until then love you guys appreciate it
• 1:09:26
  Oh we got Elaine. I think a meme review tomorrow
• 1:09:30
  is perfect. Well, if wine is on the show.
• 1:09:32
  Then I guess we gotta have a meme review.
• 1:09:34
  Meme review Wednesday. Absolutely.
• 1:09:36
  Well guys, love you. All we'll catch you guys on the
• 1:09:39
  next one. Peace out, everybody.
• 1:09:43
  It was brought to you by bitcoinwell.com on a mission to
• 1:09:47
  enable independence.