Latest / Simply Bitcoin / NEW: $900B Economy Reveals 2025 Plan For Bitcoin | EP 1143

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NEW: $900B Economy Reveals 2025 Plan For Bitcoin | EP 1143 · Simply Bitcoin

• 0:00
  Yeah, this $900 billion economy home to 11 million people is
• 0:07
  talking about implementing a strategic Bitcoin reserve.
• 0:11
  Another domino seems like it's falling.
• 0:14
  If this region of the world, if this region of the world alone,
• 0:19
  we if this if this was just the only region of the world alone
• 0:22
  that was doing this, we wouldn't be making this video.
• 0:25
  It'd be it'd be it just wouldn't make sense.
• 0:27
  But the fact is that if you Add all the data points, all the
• 0:31
  countries, all the states that are talking about a strategic
• 0:35
  Bitcoin reserve, it seems like we're picking up a tremendous
• 0:39
  amount of momentum. I mean, we're talking about
• 0:42
  Pennsylvania, we're talking about the state of Texas.
• 0:45
  And now today we are talking about the state of Ohio.
• 0:49
  So and of course on the federal level as well, you have interest
• 0:54
  from Senator Cynthia Lummis that push the famous Bitcoin
• 0:58
  strategic reserve bill at the Nashville Bitcoin conference,
• 1:02
  right? So this is really, really
• 1:04
  exciting stuff. And then not to mention, of
• 1:06
  course on the nation state level, you have Naimbu Kelly
• 1:09
  continuing to prove his naysayers wrong by continuing to
• 1:13
  accumulate one Bitcoin a day. So I, I think 2025 is going to
• 1:18
  be explosive. I'm extremely excited for it.
• 1:21
  But anyways, let's start the show and let's bring up our
• 1:23
  guests for today. And of course, my legendary Co
• 1:26
  host who's always optimistic optimist fields.
• 1:29
  So what state am I talking about?
• 1:32
  I said it earlier, we're talking about the great state of Ohio is
• 1:35
  following in the footsteps of Texas and Pennsylvania.
• 1:39
  Also have to give a shout out to Dennis Porter.
• 1:42
  Dennis Porter has been doing a lot of the work with a lot of
• 1:45
  these state legislatures to push a lot of this Bitcoin strategic,
• 1:51
  you know, initiatives forward. So the headline for our audio
• 1:55
  listeners is Ohio lawmaker introduces Bitcoin reserve bill
• 2:00
  allowing state to buy BTC and Ohio House of Representatives
• 2:04
  member has introduced a bill to establish a Bitcoin fund in the
• 2:08
  state's treasury, making the state the third US the third US
• 2:12
  state to do so in just over a month.
• 2:14
  I think that's the signal out of out of this entire article, I
• 2:19
  would say this is the most important point.
• 2:21
  And then not to mention we also had some news coming out last
• 2:24
  week that the equivalent of the House of Representatives in
• 2:28
  Russia, it's called the Duma. There was a politician there
• 2:30
  that also suggested that Russia should have a strategic Bitcoin
• 2:34
  reserve. It goes on to say Ohio's Ohio
• 2:37
  House Republican leader Derek Murren on December 17th
• 2:41
  introduced HB7O3, tentatively titled The Ohio Bitcoin Reserve
• 2:46
  Reserve Act, which would give the state treasurer authority to
• 2:50
  purchase Bitcoin as part quote, proper asset allocation, though
• 2:54
  it would not require it quote, the US dollar is being rapidly
• 2:58
  devalued. Talk about shift of the Overton
• 3:00
  window. I can't believe he said that.
• 3:02
  And our state treasurer should have the authority and
• 3:05
  flexibility to invest in Bitcoin when determining proper asset
• 3:09
  allocation. It goes on to say quote Ohio
• 3:11
  must embrace technology and protect tax dollars from eroding
• 3:16
  and here is just a a screenshot of the bill itself. 135th
• 3:22
  General Assembly regular session 2023 to 2024 and the name of the
• 3:26
  bill is HB #7 O3. I'll read you the the legalese
• 3:31
  from the bill itself to amend section 291.12 and to enact
• 3:37
  Section 3 A 135.146 of the Revised Code to authorize
• 3:43
  investment of state funds in Bitcoin and to who named this
• 3:47
  act the Ohio Bitcoin Reserve. It goes on to say.
• 3:51
  Marin said he anticipates the bill will be used as a framework
• 3:55
  in Ohio's next legislative session as it was introduced
• 3:59
  just two weeks before the end of the 135th General Assembly.
• 4:03
  The bill must be introduced in the 136th General Assembly,
• 4:07
  which will start January 6th, 2025.
• 4:10
  In the last two years, bill's not enacted before the end of
• 4:13
  the current session, will essentially not be carried on to
• 4:18
  the next. Marion said he hopes the bill
• 4:20
  will, quote, pave the way for legislators to address it
• 4:23
  quickly next year. Quote, Bitcoin is
• 4:26
  revolutionizing finance and will reshape world economies.
• 4:30
  We must have sound money. It's like digital property
• 4:33
  rights for everyone who owns it. This legislative this
• 4:37
  legislation or legislative sets up the framework for Ohio State
• 4:41
  government to harness the power of Bitcoin and strengthen our
• 4:45
  state finances. Now, one thing that I'll say
• 4:48
  before I kind of open it up to the panel, this news in itself
• 4:52
  is a nothing burger. Like we've heard this a million
• 4:55
  times. And by the way, shout out to the
• 4:56
  700 of you guys watching live between YouTube and X.
• 5:00
  If you guys are enjoying the show so far, make sure to smash
• 5:03
  that like button. So this news in itself is a big
• 5:06
  nothing burger. It just it's like, OK, great,
• 5:09
  another state is talking about it.
• 5:11
  But if you put the pieces together, that's where things
• 5:14
  get bullish. So we're talking about like I
• 5:16
  said, Pennsylvania, Texas, Ohio, Russia, the federal government a
• 5:22
  a politician in Brazil also was talking about implementing a
• 5:27
  strategic Bitcoin reserve. So all you need is 1 domino to
• 5:30
  fall, right? And of course, you know, we have
• 5:33
  a beachhead with the beautiful country of El Salvador, you
• 5:36
  know, leading the charge, but you just need another domino to
• 5:39
  fall. And then it's going to be a
• 5:42
  matter of national security as to whether you have Bitcoin or
• 5:46
  not. And actually, Max Kaiser coined
• 5:48
  a phrase for this. He calls it the global hash war.
• 5:52
  And I think that's what we're seeing in real time all over the
• 5:54
  place. I mean, as Bitcoiners, I think
• 5:56
  we anticipated this. I think we knew this was coming.
• 5:59
  I think if you understand the game theory of Bitcoin, if you
• 6:02
  understand that Bitcoin is a superior asset, you know that
• 6:05
  this was all inevitable. But just because you knew that
• 6:07
  it was inevitable doesn't mean that it still feels good to to
• 6:11
  see it actually play out in real time, you know, especially if
• 6:15
  you've been in Bitcoin for a couple years.
• 6:17
  I mean, if you would have told me this when I was getting into
• 6:19
  Bitcoin back in 2016 that this was happening, I would have
• 6:22
  laughed you out of the room. I wouldn't have believed you
• 6:24
  back then. They were making fun of us.
• 6:26
  They were playing. They're trying to pass laws to
• 6:28
  try to stop us. You know, you had Larry Fink
• 6:31
  calling Bitcoin an index of money laundering.
• 6:33
  Like, look at all the progress we've made.
• 6:36
  Imagine where we're going to be 10 years from now.
• 6:38
  Anyway, we have a very special guest joining us today.
• 6:43
  We have the man, the myth, the legend, Gary Leland himself,
• 6:48
  organizer of the Bit Block Boom conference that's happening in
• 6:52
  Dallas, TX this year joining the show.
• 6:55
  Gary, you've been in Bitcoin for quite a while now.
• 6:58
  Your, your beautiful state, the great state of Texas is also
• 7:01
  talking about implementing a Bitcoin strategic reserve.
• 7:06
  What's your take on all this bullish news that's happening
• 7:08
  worldwide and on a nation state level as well?
• 7:10
  On a nation level as well. Well, first of all, if you'd
• 7:13
  have told me people would be bitching today because Bitcoin
• 7:16
  dropped to $100,000 just a month ago, I would be pretty excited.
• 7:22
  So I think people need to get a grasp on where we're at.
• 7:25
  But I, I think this is the most bullish news going on.
• 7:29
  I mean, it's like 1 bullish item after another one after another.
• 7:32
  You know, I, I went all in and Bitcoin back in 2020.
• 7:37
  I mean all in and everybody told me I was crazy.
• 7:41
  But that's how bullish I was. And now I don't, I don't seem
• 7:45
  too crazy to my people who told me we're crazy and you got to
• 7:48
  desert diversify. That's the things I heard.
• 7:50
  Either that was crazy or I wasn't diversified enough since
• 7:53
  I was all in Bitcoin. So this is good news for for to
• 7:58
  me makes me feel like I made the right decision, which I knew I
• 8:02
  did. But how can anyone not see
• 8:05
  anything but bullishness from this, especially where we've
• 8:08
  come from in such a short amount of time.
• 8:11
  Nico, this is this is just great to hear all these things.
• 8:15
  Absolutely. And and just to kind of echo
• 8:17
  your point, Gary, this is the vindication of Bitcoiners.
• 8:22
  You know, we were made fun of. We were called crazy, we were
• 8:25
  called insane and out of nowhere, you know, all the, you
• 8:29
  know, all the theories, all the things that we've been saying
• 8:32
  all these, all these years, you know, about Bitcoin.
• 8:35
  It's just it seems like this year, this year has been the
• 8:38
  biggest vindication year with, you know, the approval of the
• 8:41
  spot Bitcoin ETFs. You have Larry Fink on national
• 8:44
  TV basically, you know, talking the gospel of Satoshi.
• 8:48
  Of of course you have Michael Saylor being vindicated with
• 8:51
  MicroStrategy up five 100% this year out competing the rest of
• 8:55
  the stock market. So yes, this is the 2024 is the
• 8:59
  year of the vindication of the Bitcoiners, and I think 2025 is
• 9:04
  going to continue that trend. Opti, what's your take on this
• 9:07
  man? I mean, there's so much bullish
• 9:09
  news. It's almost as if the bullish
• 9:10
  news isn't normal anymore. It kind of reminds me of like
• 9:13
  back in the day. This was before my era where,
• 9:16
  like, you know, everyone was super excited with like the
• 9:18
  first Apollo mission, but after a couple Apollo missions
• 9:22
  happened, people just got normalized to the fact that
• 9:25
  astronauts were going to the moon.
• 9:27
  So yeah, I mean, it's just like all this winning normalized
• 9:30
  opti, like, you know, like, it's not exciting anymore.
• 9:33
  Like I remember the first time I heard that, I was like, Russia's
• 9:35
  talking about a strategic Bitcoin reserve.
• 9:37
  Like, holy cow, this is amazing. Now it's just like, Oh yeah,
• 9:41
  another state. Like, that's cool.
• 9:43
  You know, whatever. I also want to preface this
• 9:45
  with, you know, this is just, these are all just, this is all
• 9:51
  just legislation being introduced into, you know, into
• 9:55
  all these legislative sessions. But that doesn't necessarily
• 9:59
  mean that it's going to be approved.
• 10:02
  That doesn't mean that doesn't necessarily mean that, you know,
• 10:05
  it's going to get passed. It's going to get the votes that
• 10:06
  it needs, but it is, you know, it is a step in the right
• 10:10
  direction and it's definitely a huge shift in the Overton window
• 10:14
  compared to where we were five years ago.
• 10:16
  So Opti, what's your take? Yeah, I mean, I think I think
• 10:20
  we've been saying that this morning and and while you were
• 10:23
  talking, it really reminded me of how we all feel about 100K
• 10:26
  right now. It's like, yeah, we've expected
• 10:28
  this to happen. Now we're all kind of bored and
• 10:30
  kind of like Gary was saying, oh, like, Oh my God, Bitcoin
• 10:33
  crashed to 100 Ki think Bitcoiners have been talking
• 10:35
  about that joke for so long that it's going to be hilarious when
• 10:39
  we break 100K and it doesn't instantly go up to the moon and
• 10:43
  then it crashes back to 100K and everyone's like, oh, it's so
• 10:46
  over. Like pack it up, boys.
• 10:47
  It was a good run. We're only at 100K.
• 10:50
  This things going to 0 tomorrow. And with that same vibe, I'm
• 10:54
  starting to feel it with all of these states announcing their
• 10:57
  strategic Bitcoin reserve bills because obviously we got to pump
• 11:00
  these numbers up only what, 3 or 4?
• 11:03
  Maybe 4 if you kind of consider Florida talking about it as
• 11:06
  well. We obviously need to get to 50
• 11:08
  states here soon enough. But yeah, I, I am kind of like
• 11:12
  maybe desensitized with this news.
• 11:13
  We knew this was going to happen.
• 11:15
  Every time a new story of or a new state comes out talking
• 11:18
  about it, you're like, OK, cool. Like this is this is whatever.
• 11:21
  Obviously I think we are already desensitized with this news.
• 11:25
  I think the big news will be which country adopts it first
• 11:30
  and how they implement it. But obviously on a state level,
• 11:34
  especially in America, it's, it's this is how it works.
• 11:37
  So yes, we are going to see more states announce Bitcoin
• 11:41
  strategic reserve bills. Though I do find it very
• 11:44
  interesting kind of the wording that Derek Marin was saying in,
• 11:48
  in his announcement. Well, you know, one the US
• 11:50
  dollar is being devalued and we need to protect.
• 11:53
  Excuse me, tax or sorry, tax holders value tax value.
• 11:58
  And then two, that we need sound money.
• 12:01
  And I think this is a new trend that we've seen from
• 12:03
  politicians. I haven't heard many politicians
• 12:05
  talk about sound money besides what like, you know, Ron Paul
• 12:10
  this. So this is a very new trend that
• 12:12
  we are seeing right now where politicians are kind of waking
• 12:15
  up to the problem we saw in the election.
• 12:18
  Inflation was kind of one of the big hot topics.
• 12:21
  And now we're seeing that the debt is becoming another huge
• 12:25
  hot topic. And this is something as bit
• 12:27
  corners have been talking about for a very long time.
• 12:30
  We covered some point in this year that the interest on the
• 12:33
  debt is starting to surpass the military industrial complex and
• 12:38
  it's starting to get out of the control.
• 12:39
  And so I'm very excited and glad to see that other politicians
• 12:43
  are waking up to the fact that, hey, maybe it's the money.
• 12:46
  Maybe the money is broken, stupid, and maybe we need to fix
• 12:50
  the money. And this is how we actually get
• 12:52
  ourselves out of the position that we're in.
• 12:54
  And so I am very glad to see Derek Marin kind of announce
• 12:58
  himself as being like very pro crypto.
• 13:01
  Obviously, it should be pro Bitcoin.
• 13:03
  But yeah, I think this is just a new trend.
• 13:05
  Like we're going to see every state very soon start to
• 13:08
  announce this. We'll probably see some holdouts
• 13:11
  and I'm guessing that the holdouts will be like New York
• 13:13
  and California and maybe like, you know, the whole West Coast.
• 13:16
  But soon enough we'll get every state to announce this, a
• 13:19
  strategic Bitcoin reserve bill. And then really once say it's
• 13:23
  Russia or the US or China, etcetera, one of the big
• 13:26
  superpowers of the world announced that they're stacking
• 13:29
  and holding Bitcoin, then everyone's going to be forced to
• 13:31
  do it. So yeah, I'm, I'm, I guess maybe
• 13:34
  the TLDR is I am kind of getting bored with this, just like I'm
• 13:38
  bored with 100K. But this is very bullish.
• 13:41
  I think 2024 was a huge year in building the foundational blocks
• 13:45
  that we need to kind of usher in what we all believe will be the
• 13:48
  hyper bitcoinization or the Bitcoin standard.
• 13:50
  And I think we've been seeing the gradually and next year we
• 13:54
  might be sitting seeing the suddenly.
• 13:56
  So I'm super excited for to end this year and I think things are
• 14:01
  going to get crazy. Looks like we lost Nico.
• 14:04
  So let me yeah, you'll be right back.
• 14:07
  Let me let me pull up the Bitcoin.
• 14:09
  Well stuff cuz Nico, we'll be back soon.
• 14:13
  Here we go. Hey, have you guys followed with
• 14:16
  this? Or have you noticed that, or at
• 14:19
  least ways I've noticed I'm not getting the kind of people
• 14:22
  contacting me from my past that I did when we had that run up
• 14:26
  about four years ago to 60,000? I mean, I had people calling I
• 14:30
  had not seen since 3rd grade contacting me.
• 14:33
  I want to know about Bitcoin and that's a long time for me and
• 14:37
  but I'm not having that this time.
• 14:38
  So I'm kind of confused on to why I'm not having that this
• 14:42
  time. Is it like not high enough for
• 14:45
  them or or what's the scoop? You know I find it interesting
• 14:51
  that I'm not from non bitcoiners.
• 14:55
  Yeah, I, I haven't gotten very many texts.
• 14:58
  I have gotten texts from like friends and family, but they,
• 15:01
  you know, they know I'm a Bitcoiner.
• 15:03
  They, you know, all have a little bit of exposure.
• 15:05
  So obviously they get excited when Bitcoin starts to run.
• 15:09
  But I haven't gotten, excuse me, I haven't gotten texts from
• 15:13
  friends. All right, guys.
• 15:15
  Hold on, hold on. Here you go.
• 15:16
  You're good, you're good. We kept it going.
• 15:18
  But yeah, Gary, I haven't gotten texts from like friends that
• 15:21
  I've been talking about Bitcoin for a while.
• 15:24
  And I'm also feeling that like, I don't know how high the price
• 15:27
  needs to go for them to start reaching out.
• 15:29
  I remember in 2021 when it hit like around 60 ish, you know,
• 15:35
  maybe 50-60 K is when I started to get texts from friends.
• 15:39
  They're like, hey, I remember you talking about Bitcoin, where
• 15:42
  can I buy it? Or I had a couple friend, one
• 15:44
  friend actually reach out and be like, hey, I have some Bitcoin
• 15:48
  on. I forget what in what exchange
• 15:50
  he had. And he's like, I had some
• 15:51
  Bitcoin on this exchange. Like I remember you telling me
• 15:54
  about like self custody and taking it off the exchange.
• 15:56
  Like can you help me out with this?
• 15:57
  So I haven't seen those responses yet.
• 15:59
  But yeah, I don't know how high the price needs to go for them
• 16:01
  to start to reach out to us. Yeah, I I would have thought it
• 16:04
  would have happened by now, but like I said, it's not just me.
• 16:07
  Then you're having the same situation.
• 16:09
  Yeah. All right, well, Miami Internet
• 16:13
  bailed on me, but I'm glad you guys you guys kept it going.
• 16:16
  So that's good news. This is a live show.
• 16:18
  Things happen, but guys smash the like button while we roll
• 16:21
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  on the store. At the time of recording, we're
• 20:00
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  I mean we're at $98,730 block height 875,000. 467 sats per
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  dollar over 1000 A 1013 market cap. 1.95 trillion Bitcoin
• 20:19
  versus gold market cap 10.8% Percentage issued 94.27 decline
• 20:24
  from all time high -8.8% Realized monetary inflation
• 20:29
  1.14%. I mean an 8% dip. 9% dip.
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  Some people are talking about a 30% dip potentially.
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  This is a great time to stack some Bitcoin anyways, while
• 20:42
  everybody you know, might be might be a little bit sad, you
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  know, they're looking at their portfolios or like bitcoins, you
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  know, bitcoins dead. We got to pack it up.
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  It was a good run. I got a good clip from you guys,
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  rounds on, on podcasts. The micro strategy, you know,
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  stock is outperforming everything.
• 21:02
  Sailors been vindicated. I remember seeing Sailor at
• 21:05
  Pacific Bitcoin a couple years ago, and this was when Sailor
• 21:08
  was still paying his dues. The average price per Bitcoin
• 21:12
  that his company acquired was about it was hovering over
• 21:16
  $30,000 and Bitcoin was sitting at $16,000.
• 21:20
  And I remember he was just looking, he was just quiet
• 21:23
  stoic, looking at the stage. And you know, and this is his
• 21:27
  vindication year. This is his vindication year.
• 21:30
  So anyways, here is a clip of Sailor going on the Impact
• 21:35
  Theory podcast. And I think he says something
• 21:37
  that's really obvious to everybody, but let's check it
• 21:40
  out. And the First Nation to print
• 21:43
  money, the First Nation to print their own currency to buy
• 21:46
  Bitcoin wins, right, Tom? Look what micro strategy did we
• 21:51
  basically issue our own currency, our stock and we buy
• 21:55
  Bitcoin. What happened?
• 21:58
  We went from a billion to $100 billion market cap is what
• 22:01
  happened. Is it inflation?
• 22:04
  It's only inflation if you print the currency to invest it to
• 22:09
  make a bad investment, right? If if you if you print the
• 22:14
  currency to buy something, that's accretion appreciating
• 22:17
  faster than your inflation rate. It's actually accretion and the
• 22:22
  First Nation to print money, the First Nation to print their own
• 22:26
  currency to buy Bitcoin wins, right, Tom?
• 22:30
  Look what MicroStrategy did. We basically issue our own.
• 22:33
  Currency. All right, well, he just kept
• 22:37
  saying the same thing, so I couldn't tell.
• 22:40
  He's like basically a, a country that prints their own currency
• 22:44
  is going to win. But you know what?
• 22:45
  The, the, the thing that's really interesting to me is
• 22:47
  like, it's, it's incredibly obvious.
• 22:49
  If the government has this power of being able to create money
• 22:52
  for free that everyone else does has to work for at no expense to
• 22:55
  them. You would think that it's a no
• 22:57
  brainer that they would use that power to buy a currency that you
• 23:02
  can't just create for free. There's a cost to it.
• 23:05
  And of course, he's, he's putting into that example, the,
• 23:09
  the example of MicroStrategy, the example what MicroStrategy
• 23:12
  has been doing and look how successfully they've been doing
• 23:15
  it. Why couldn't the same thing
• 23:17
  happen on a nation state level? Why?
• 23:19
  Like, of of course it's going to happen.
• 23:22
  You know, So yeah, I think I think Sailor's absolutely right.
• 23:26
  You know, now is is, you know, we have a pro Bitcoin
• 23:30
  administration. We played you guys a clip of
• 23:33
  Eric Trump at the Bitcoin MENA conference that was happening in
• 23:36
  Abu Dhabi. Like, you know, is this a
• 23:39
  minute? Like, are they all talk, you
• 23:41
  know, are they are they going to go more than a Bitcoin strategic
• 23:45
  reserve? Are they going to turn on that
• 23:46
  money printer and point it towards acquiring Bitcoin?
• 23:50
  And I don't know about that. I think that there's going to be
• 23:53
  a lot of political headwinds. And one of the things that I'll
• 23:55
  say is, you know, there's there's some the videos of
• 23:58
  Powell going around basically saying we can't own Bitcoin.
• 24:02
  Powell is like, you know, kind of crapping on it saying, you
• 24:06
  know, he doesn't doesn't really doesn't, doesn't like it very
• 24:08
  much not doesn't like any much, basically saying, look, it's not
• 24:12
  a competition to us. It's a competition to gold.
• 24:15
  So, you know, I think it's an uphill battle.
• 24:17
  But again, in regards to shifting the Overton window,
• 24:20
  connecting it with the news that we were starting up in the
• 24:24
  beginning of the show, like, you know, this is crazy.
• 24:27
  We would not have expected any of this four years ago.
• 24:30
  So imagine where we're going to be 4 years from now.
• 24:33
  Anyways, I think here's the video of Powell saying just
• 24:35
  that, but. Assets that have that have been
• 24:38
  buoyant, do you see any value or benefits in the US government?
• 24:41
  Building a reserve of Bitcoin. So, you know, we we're not
• 24:48
  allowed to own Bitcoin. The Federal Reserve X says what
• 24:51
  we can own. And we're we're not looking for
• 24:53
  a law change. That's the kind of thing for
• 24:55
  Congress to consider. But we are not looking for a law
• 24:58
  change at the Fed. He he's not happy.
• 25:05
  He's not happy at all, man. I think he's like, he's like, Oh
• 25:08
  my, is my, is my job threatened? Like what what's happening here?
• 25:11
  So, yeah, I mean, that's the headwinds that Trump's up
• 25:15
  against. I think that, you know, the if
• 25:18
  you see this recent ominous bill that was trying to be that was
• 25:21
  trying to get passed through the the house, like, you know, and
• 25:24
  all the stuff that was added into it, the, you know, the
• 25:27
  salary increases, like it was just insane.
• 25:31
  The only reason the politicians are able be able to do this is
• 25:33
  because they have the Federal Reserve.
• 25:35
  The only reason the politicians are able to do all this madness
• 25:38
  is because they have the ability to print money.
• 25:40
  So to think that they're just going to walk away from that
• 25:43
  power because that's what it is and just say, you know what?
• 25:46
  Now we're going to have to stay within our means.
• 25:50
  Like, I think that's naive, But again, I think, you know, as the
• 25:54
  Overton window continues to shift and as the adoption of
• 25:58
  Bitcoin continues to accelerate, I think more and more people are
• 26:01
  going to, you know, open their eyes.
• 26:03
  And hopefully one day we'll get to a point of critical mass
• 26:06
  where there is enough, enough political support to finally do
• 26:10
  what needs to be done, which is end the Federal Reserve.
• 26:13
  Anyways, Opti, what's your take on this?
• 26:15
  And then we'll pass it on to Gary.
• 26:17
  Well, yeah, my first take is I am so glad that the Federal
• 26:20
  Reserve can't own Bitcoin. I want them to be the last ones
• 26:23
  to acquire Bitcoin personally. You know that I got into Bitcoin
• 26:27
  as the idea that this is a huge play against the international
• 26:31
  bankers and the central banks printing money.
• 26:34
  That is the problem here. This is why we're all broker
• 26:37
  than, you know, our parents and their parents, even though we're
• 26:40
  working more than we've ever worked before.
• 26:43
  So I am, I'm very glad that that is the case.
• 26:45
  Now on to the Sailor clip. I think this is one of those
• 26:49
  things that we know is kind of the final boss when a nation
• 26:53
  state does turn on the money printer to buy Bitcoin.
• 26:56
  I think that's like the last domino to really expose how weak
• 27:00
  Fiat currencies are. And I, I think that is, it's
• 27:04
  probably gonna happen a little longer than we think it will
• 27:06
  personally, because I think that is just complete capitulation
• 27:10
  and that's just admitting defeat.
• 27:11
  And if I was another currency, especially if it's the US, if
• 27:14
  the US turns on the money printer to buy Bitcoin, I think
• 27:17
  that is a signal to the rest of the world.
• 27:19
  It's like, well, hey, why would we want the dollar if you guys
• 27:22
  aren't even satisfied and have a conviction in your own currency
• 27:28
  that you are essentially going into another currency?
• 27:30
  And so I think that might be the final boogeyman.
• 27:33
  But we do know that, yeah, if a country does turn on the money
• 27:37
  printer to buy Bitcoin, like it's game over.
• 27:39
  And I think this is, you know, a double edged sword.
• 27:42
  Like obviously I'm a bull tard. I'm sure a lot of people out
• 27:46
  there think I'm just like a number go up guy, but I as much
• 27:50
  as I do like, I like to see number go up.
• 27:52
  I also kind of feel like that one girl in the matrix, you
• 27:55
  know, where she gets unplugged and it's like not like this man,
• 27:57
  like not please, not like this. This is not how we want to go
• 28:00
  down. But I think we did think, or
• 28:03
  rather we've known that this was going to happen.
• 28:06
  So I am, I am a little conflicted here because
• 28:09
  obviously they turn on the money printer, they're going to pump
• 28:12
  the price of Bitcoin, but then that comes with other
• 28:14
  trade-offs. And then there's a lot of
• 28:16
  concerns that will follow because, hey, if it's the US
• 28:20
  that turns on the money printer, you know, then it's going to be
• 28:23
  the ossification meme is going to play out.
• 28:25
  They're probably not going to push any, you know, new updates
• 28:29
  to Bitcoin or worse, if it's like Russia that turns on the
• 28:32
  money printer or China or etcetera, someone that is
• 28:35
  competing with the US and world power position, then, you know,
• 28:39
  as Bitcoiners might be turned into criminals and, you know,
• 28:42
  they're going to clamp down on Bitcoin.
• 28:44
  So as much as I love to see number go up, I, I am a little
• 28:47
  conflicted here, But we do know if a, if a central bank nation
• 28:51
  state turned on the money printer to buy Bitcoin, I, I
• 28:53
  would argue that that is like game over complete capitulation.
• 28:57
  And this is going up forever. Like this is not only just
• 29:01
  forever. This is going into S curve
• 29:03
  adoption level. And hey, I don't know, we'll see
• 29:05
  if that happens soon. I I think it probably going to
• 29:08
  happen a little farther down the line than we expect.
• 29:11
  Personally, I agree. I agree, I agree 100% with that.
• 29:14
  Also, I do want to give a shout out to the 1700 of you guys
• 29:18
  watching live. We're about to break 5 100 live
• 29:21
  viewers on YouTube alone. Shout out to 100 of you guys
• 29:24
  watching live on Rumble and of course our ex audience as well.
• 29:28
  If you guys are enjoying the show, help us break 200 likes
• 29:31
  within the 1st 45 minutes of the show.
• 29:34
  We're almost at 150 likes so smash the like button if you
• 29:38
  guys are enjoying the content. Hey, Nina, of course.
• 29:40
  Share the video What's up, Optic?
• 29:41
  Can I, can I chime in one more thing before we pass it to Gary?
• 29:44
  I, I think the one thing I wanted to say is, I think the
• 29:47
  biggest signal here is the fact that Jerome Powell was even, and
• 29:51
  being asked about Bitcoin. Just the fact that, you know,
• 29:53
  the head of the Fed is being, is being bombarded with Bitcoin
• 29:57
  questions. Like, I think that is like a
• 29:59
  sign of the times right now that this is the, the, the
• 30:03
  conversation exploding onto the mainstream.
• 30:05
  And yeah, he's probably not happy about even having to
• 30:08
  answer that question in the 1st place.
• 30:10
  So anyways, with that said. Gary thought, no, no, no, 100.
• 30:13
  That's what I was saying initially.
• 30:14
  Opti, you see, do you see the salt on his face when he was
• 30:18
  talking about that subject, like he did not want to talk about
• 30:21
  it? Gary, what's your thoughts on
• 30:23
  this man? Well, going first of all, I got
• 30:25
  to tell Opti I enjoyed your matrix plug.
• 30:28
  Anytime you can work in a matrix plug by mentioning switch or
• 30:31
  whoever you want to mention. I always enjoy that.
• 30:35
  And, and, and to you, Nicole, I don't think you can fire Powell
• 30:42
  from the Fed. I don't know that.
• 30:43
  I know Trump can't fire him, I'm pretty sure that his job is
• 30:47
  pretty secure so I don't know if he's too worried about that.
• 30:50
  But I do have to say I agree with sailor nation state and
• 30:55
  that's going to make things go crazy.
• 30:57
  And I really think that we will see a nation state live doing it
• 31:04
  sometime during the year. For instance, let's face it,
• 31:06
  Russia is getting their ass kicked.
• 31:09
  Their money isn't worth shit So what is the hell?
• 31:13
  You've already heard Putin say that he killed, so they know
• 31:17
  that it's something that's there for the long haul.
• 31:19
  I would be surprised if we didn't see that, just don't know
• 31:25
  about it. I mean I really foresee
• 31:30
  happening sooner whether it's Russia or whoever then later.
• 31:34
  I would like to see the US be the one doing it, though,
• 31:36
  personally. You know, I'd like to see us
• 31:39
  control the digital currency just like we control the dollar
• 31:42
  now. I mean, someone's going to
• 31:43
  control it as far as a country, as far as that goes.
• 31:46
  And I'd rather it be us than another country.
• 31:50
  Just my. Absolutely no, 100% of course, I
• 31:54
  think, you know, we all live in the States, we're all American.
• 31:56
  So like obviously we want you know, you know that it'd be
• 31:59
  beneficial to the to the country.
• 32:01
  Now the question is, is the administrative state, is the
• 32:04
  bureaucracy going to allow that? Because again, like what we saw
• 32:08
  this year was the legitimization of Bitcoin in the eyes of
• 32:13
  traditional finance. When BlackRock came in there,
• 32:16
  you know, they, they introduced the spot Bitcoin ETF, which was
• 32:19
  approved in January. But what we're slowly going
• 32:22
  through is the legitimization of Bitcoin in the eyes of the
• 32:25
  nation state, right? What?
• 32:27
  El Salvador is a small country, you know, But imagine if the
• 32:31
  United States goes in there and says, you know, we're going to
• 32:33
  start buying, like, all bets are off.
• 32:35
  This thing's going to a million Opti's going to disappear for
• 32:38
  many months. And yeah, it's it's going to be
• 32:41
  absolute bananas, you know? Anyways, guys, let's get to the
• 32:45
  news. We have tons to talk about El
• 32:48
  Salvador. Apparently people are saying
• 32:51
  that El Salvador is walking back some of its things because they
• 32:55
  reached a deal with the IMF. So we have all the, you know, we
• 32:59
  have all the sources, we have the the news for you guys in
• 33:02
  regards to that. And of course, during the
• 33:04
  culture segment, we're going to talk about one of my favorite
• 33:07
  Bitcoin conferences of the year, Bit Block Boom.
• 33:10
  Bit Block Boom holds a special place in my heart because it's
• 33:13
  actually the first conference where me and Opti met each other
• 33:17
  in person. So we have the organizer and the
• 33:19
  founder of at a conference with us today, Gary Leland.
• 33:22
  So we're going to talk about that during the culture segment.
• 33:25
  So guys, loads of content. So stay tuned.
• 33:28
  And of course, if you guys are enjoying the show, make sure to
• 33:30
  smash that like button. We'll be right back.
• 33:32
  We're going to hit the news. I want to give a very special
• 33:35
  shout out to our sponsor, Compass mining.
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• 35:50
  All right, everybody, so let's talk about today's news.
• 35:55
  This is this is interesting. This is interesting.
• 35:58
  People feel a certain way about El Salvador and you know, I was
• 36:02
  I was a little bit surprised when when I saw this.
• 36:04
  But but before you get your panties and bunch, we have more
• 36:08
  details in regards to this. So for the audio listeners, what
• 36:11
  am I talking about? There's an article by No BS
• 36:14
  Bitcoin. It says quote else this is a
• 36:17
  headline El Salvador to scale back Bitcoin policies for $1.4
• 36:22
  billion IMF loan deal. Oh, that is interesting, Very,
• 36:28
  very interesting. So you know this is this is the
• 36:31
  Bitcoin beachhead. This is the first country that
• 36:34
  made Bitcoin legal tender. They also have a Bitcoin reserve
• 36:38
  and according to this no BS Bitcoin article, again, these
• 36:42
  are bitcoiners that made this article.
• 36:44
  This isn't this isn't Forbes, this isn't New York Times, this
• 36:49
  isn't Wall Street Journal. This is these are bitcoiners
• 36:52
  saying this news. Apparently El Salvador had to
• 36:56
  walk back some of their Bitcoin policies in order to get that
• 37:00
  IMF deal. So, you know, again, the, the,
• 37:05
  there's more nuance to this, there's more details and we're,
• 37:07
  we're going to cover all that. But you know, I'm, I'm looking
• 37:11
  at this some, I'm a little bit surprised.
• 37:13
  I'll be honest with you. Now we're, we're going to, we're
• 37:16
  going to go into the details and we're going to explore it.
• 37:18
  It's not as bad as you think. But you know, one last
• 37:23
  observation that I'll make is why does the IMF care so much?
• 37:28
  You know, why, why did they make it a why did they make it a
• 37:32
  condition to walk back Bitcoin policies for a loan deal?
• 37:37
  You know, I think that should tell you everything you need to
• 37:39
  know on how the IMF feels about Bitcoin.
• 37:43
  I think they might potentially see as as a threat or as
• 37:46
  competition. So you know, I find that
• 37:48
  hilarious. Now let's let's dive into the
• 37:51
  details, right. So it goes on to say, quote the
• 37:55
  Salvadorian authorities and a staff team from the IMF have
• 37:58
  reached staff level agreement on a 40 month extended arrangement
• 38:03
  under the Extended Fund, a fund facility for about AU for about
• 38:09
  1.5 billion to address balance of payment needs and support the
• 38:15
  government's economic reforms. The IMF's Executive Board needs
• 38:20
  to endorse the agreement in early February of 2025 and and
• 38:24
  and it's finalization depends on completing the previously agreed
• 38:28
  upon actions. Quote.
• 38:30
  The potential risks of the Bitcoin project will be
• 38:33
  diminished significantly in line with Fund policies.
• 38:38
  Legal reforms will make acceptance of Bitcoin by the
• 38:41
  private sector voluntary for the public sector engagement and
• 38:45
  Bitcoin related economic activities and transactions in,
• 38:49
  purchase in and purchases of Bitcoin will be confined, goes
• 38:54
  on to say. The program is expected to
• 38:56
  stimulate additional financial support from the World Bank, the
• 39:00
  Inter American Development Bank and other regional development
• 39:04
  banks, including the Central American Bank for Economic
• 39:07
  Integration and the Development Bank of Latin America and the
• 39:11
  Caribbean. Together, these institutions are
• 39:13
  projected to provide a combined finance financing package
• 39:17
  exceeding 3.5 billion over the duration of the program.
• 39:21
  It goes on to say. Quote taxes will only only be
• 39:23
  paid in U.S. dollars, and the government's participation in
• 39:27
  the crypto E wallet will be gradually unwound.
• 39:31
  Transparency, regulation and supervision of digital assets
• 39:34
  will be enhanced to safeguard financial stability, consumer
• 39:38
  investor protection and financial integrity.
• 39:41
  It goes on to say in 2021 El Salvador became the First Nation
• 39:45
  worldwide to adopt Bitcoin as legal tender.
• 39:47
  Now Max Kaiser of course part of the Bitcoin office with him and
• 39:52
  his wife Stacy Herbert had some thoughts on this and goes on to
• 39:56
  say Bitcoin use in El Salvador was always voluntary and it's
• 40:00
  usage has never been higher and continues to grow.
• 40:03
  The IM FS point is DOA Chivo is one of dozens of wallets used in
• 40:08
  El Salvador. It's presence or non presence is
• 40:12
  meaningless against DOA. Pay taxes in USD?
• 40:16
  Yeah, whatever, dude. Saving rates in Bitcoin and
• 40:19
  using Bitcoin as collateral to buy property is exploding higher
• 40:23
  in El Salvador. El Salvador success is due to
• 40:26
  Bitcoin, not the failed policies of the IMF.
• 40:29
  Salvadorians will never go back to IMF sponsored Ms. 13 Colonial
• 40:34
  United Fruit Company priest assassinating banana massacre
• 40:39
  whatever not on my watch bring it that was else that was Max
• 40:43
  Keiser's take on it. Here is his wife's take on it.
• 40:47
  Stacy Herbert El Salvador secures $3.5 billion funding
• 40:52
  deal It goes on to she's specific in regards to the deal
• 40:56
  with the regards to Bitcoin. Bitcoin remains legal tender.
• 40:59
  El Salvador will continue buying Bitcoin.
• 41:02
  Bitcoin capital markets will continue to be built.
• 41:04
  For example, the recent token organize, issuance of U.S.
• 41:08
  Treasuries on Liquid, and so much more is to be announced
• 41:12
  soon. Regarding capital markets on
• 41:13
  Bitcoin, the Bitcoin office will continue building Bitcoin policy
• 41:17
  and road maps, attracting investors, and building
• 41:20
  education programs, including the new grades two and three,
• 41:24
  Little Hodler, Bitcoin and money workbooks for January 2025.
• 41:29
  Kubo Plus continues educating elite Bitcoin and Lightning devs
• 41:33
  talent in El Salvador. ME premiered Bitcoin and Nod
• 41:36
  Nation continue being taught in high schools across El Salvador.
• 41:39
  ESIAP continues with its Bitcoin certification program of 80,000
• 41:45
  civil servants. Chiba wallet will be sold or
• 41:48
  wound down or wound down, but the many private sector Bitcoin
• 41:52
  wallets will continue serving El Salvador and this is just the
• 41:55
  beginning. One last thing that I'll say is,
• 41:58
  you know, within the deal, El Salvador is going to continue
• 42:02
  buying Bitcoin. They've been buying one Bitcoin
• 42:04
  per day. And they also made that address
• 42:07
  public so everybody can confirm it.
• 42:09
  But I do feel like they had to make some concessions, man.
• 42:13
  You know, the fact that the IMF still has that much power and
• 42:18
  influence to essentially strong on the strong arm the El
• 42:22
  Salvadorian government saying, hey, listen, you have to get the
• 42:26
  government outside of this Bitcoin thing.
• 42:29
  You have to wind down the Chivo wallet.
• 42:31
  We can't have that. You know that that's
• 42:33
  interesting. You know, of course there is a
• 42:35
  compromise. Bitcoin is still legal tender.
• 42:38
  Bitcoin is still being adopted by the private sector.
• 42:41
  I went to El Salvador recently. You, you know, I, I, I paid so
• 42:44
  many things in lightning, but you know I got to say that I
• 42:48
  still find that interesting and I'll another thing that I'll say
• 42:51
  too is I think that this is a hindrance for other countries to
• 42:55
  make Bitcoin legal tender. I think the IMF is going to step
• 42:57
  right in and say no, you know what you're the loans that we
• 43:01
  have with you guys. Those could potentially be under
• 43:04
  threat if you're trying to pass any type of pro Bitcoin
• 43:06
  legislation. So I want to get Gary's thoughts
• 43:09
  on this. Gary, did this surprise you at
• 43:11
  all when this news broke out? Yeah, I guess it did surprise
• 43:15
  me. But you know, from my memory, it
• 43:17
  wasn't that long ago that the IMF told him to completely get
• 43:21
  rid of Bitcoin and they refused to do it.
• 43:24
  So I guess they've made ground with him, if I'm remembering
• 43:27
  correctly, that they just wanted to like pay taxes in U.S.
• 43:30
  dollars and release the wallet and, and hopefully they get some
• 43:35
  of that billion dollars to buy Bitcoin with add to their stash.
• 43:40
  But I, I was surprised to hear that they moved it all on it, I
• 43:43
  guess is the basic question. But I, I do think it's better
• 43:48
  than the move they were wanting El Saoro to make back when they
• 43:53
  first announced it or when that loan first came due.
• 43:57
  Absolutely, yeah, It's, it's, it's, yeah.
• 44:00
  And and that's a really that's a a glass half full of way of
• 44:04
  looking at it, Gary. So I agree, right.
• 44:06
  But initially they're like, you can't make this Bitcoin legal
• 44:09
  tender. So they, they, you know, they
• 44:12
  obviously held their ground there and they said we're not
• 44:14
  going to concede that Bitcoin's going to remain legal tender.
• 44:18
  People are still going to be able to use Lightning wallets.
• 44:20
  It's always been voluntary. So clearly the IMF did make some
• 44:25
  concessions. But you know, it's, it's
• 44:28
  interesting that they, they still have so much influence.
• 44:30
  Opti, what's your take on this man?
• 44:32
  Because we've been covering this for quite a while now.
• 44:35
  Yeah, my initial reaction before I really heard it was a little
• 44:39
  bit of disappointment. It does feel like Buckele, you
• 44:42
  know, capitulated to the IMF. But when you kind of look into
• 44:45
  it more like I'm not, I'm not even really that mad, to be
• 44:49
  honest. It's like Bitcoin is voluntary.
• 44:51
  I think it should be voluntary. And you know, even on the flip
• 44:55
  side, like using, using the state to enforce Bitcoin that
• 44:59
  did when it initially came out, we were all kind of a little
• 45:02
  skeptical of it. Obviously, in hindsight, it
• 45:04
  seemed to work out for El Salvador.
• 45:06
  But Bitcoin is permissionless and I think it should be
• 45:08
  voluntary. And I don't really think it
• 45:10
  needs to have legal tender status like, you know, being
• 45:13
  forced by the state, even though it's still kind of maintains
• 45:15
  that. But I, I think this, this is, I
• 45:18
  think this might be a little bigger than just Bitcoin.
• 45:20
  And of course, as Bitcoiners are, are like feeling like we
• 45:23
  got slighted, we're getting rug pulled here.
• 45:26
  But Buchelli's got to think about all of every other citizen
• 45:30
  in El Salvador. And obviously getting a big loan
• 45:33
  from the IMF will also help build their infrastructure and,
• 45:37
  you know, hopefully further their financial stability and
• 45:40
  everything going on down there and start to invest in El
• 45:43
  Salvador and actually grow it economically.
• 45:45
  So on the one hand, I'm like, man, it does feel like he bent
• 45:49
  the knee. On the other hand, it's like,
• 45:50
  OK, like Gary was saying, at first they were telling him to
• 45:53
  just completely eliminate the Bitcoin legal tender status,
• 45:57
  just completely get rid of the Bitcoin stuff.
• 46:00
  Now they're like, hey, just make it voluntary.
• 46:02
  And so I guess it is maybe baby steps.
• 46:04
  But there is an interesting quote coming out of that IMF
• 46:07
  report, and it said something on the lines of El Salvador's
• 46:11
  economic stability is gradually happening.
• 46:15
  And all of us Bitcoiners are just hearing that's like, yeah,
• 46:17
  it's then suddenly. So I'm not really that mad, to
• 46:20
  be honest. It does feel a little bit of
• 46:22
  like a slight, but I think I think it should be voluntary.
• 46:25
  Like I think Bitcoin adoption is voluntary.
• 46:28
  It should remain voluntary. And I think people understanding
• 46:31
  what's going on and how Bitcoin has put them on the map are
• 46:34
  still going to voluntary choose to adopt Bitcoin.
• 46:37
  And on the last point is the Chiva wallet.
• 46:39
  We've been hearing of a lot of problems with the Chiva wallet.
• 46:43
  Now, of course, there's a lot of other Bitcoin wallets that are
• 46:45
  probably better to use. So I don't don't necessarily
• 46:48
  think it's a bad thing. It does.
• 46:50
  It does feel like a slight, but I think Buckele might be doing
• 46:54
  some 5D chess moves here. And we're we're still kind of
• 46:57
  ignoring what would be the funniest move, which is kind of
• 47:00
  what Gary was saying is like, what if he took some of that
• 47:02
  money and just smash bought some Bitcoin?
• 47:04
  Like that would be the funniest outcome here possible.
• 47:07
  So I'm still going to kind of hold reserve judgement on this.
• 47:10
  Again, bitcoins voluntary. I think it should be voluntary.
• 47:14
  I think we might be making a mountain out of a molehill here.
• 47:17
  But hey, we'll see how this plays out when they actually get
• 47:20
  the loan, or rather when it actually gets voted on in a, you
• 47:22
  know, a couple of weeks. And on the TiVo wallet, let me
• 47:26
  OK, if I can say real quick, you know, basically that's a
• 47:29
  government run wallet. If the United States came out
• 47:32
  with a Bitcoin wallet, I don't know any Bitcoin, or I know that
• 47:35
  will be saying put your money, put your Bitcoin on the US
• 47:40
  wallet. It just wouldn't happen.
• 47:41
  So I don't see that as a big loss.
• 47:43
  There are tons of wallets out there.
• 47:46
  Well, that's a perfect segue to announce our new sponsor.
• 47:49
  So simply Bitcoin is being sponsored by the new open source
• 47:53
  Federal Reserve Bitcoin only wallet made by Jerome Powell and
• 48:02
  they taking me off the show. No, but that's a that's a an all
• 48:05
  seriousness, right? I made a bad dad joke.
• 48:08
  But in all seriousness, that is absolutely true, Gary.
• 48:10
  I don't think I would trust that wallet in a million years if
• 48:13
  they came out with that, you know, so that's a good point.
• 48:16
  And again, I just I think this is going to end up backfiring
• 48:21
  that I'll say that I don't know. I don't know how I reached that
• 48:24
  conclusion in my head, but I think this is going to end up
• 48:26
  backfiring. I think this is just slowing
• 48:28
  down Bitcoin adoption on a nation state level, but I don't
• 48:31
  I don't think it's going to stop it at.
• 48:32
  All is, is it slowing it down really.
• 48:34
  Now let's say you're a country that wants to get into stacking
• 48:38
  sets and the the IMF going to come along and say you can't
• 48:41
  have Bitcoin. You're going to go, what the
• 48:42
  hell? You're letting El Salvador have
• 48:45
  it and you gave them a loan. So it could be seen as a
• 48:48
  positive, a positive. This is true.
• 48:51
  This is true. Yeah.
• 48:52
  I, I that's a good point. Yeah.
• 48:54
  It's, it's, it's, it's so interesting.
• 48:57
  And again, you know, the, the IT I think it also exposes to how
• 49:00
  much power this institution has. And for anyone who doesn't know,
• 49:04
  you know, where the, the headquarters of the IMF and the
• 49:08
  World Bank are, they're in Washington, DC, you know, so
• 49:11
  that should tell you a lot. And Alex Gladstein has done an
• 49:15
  incredible work kind of uncovering a lot of the things
• 49:17
  that the IMF has done throughout the years.
• 49:20
  But anyways, guys, we're going to talk about bitlock boom.
• 49:24
  So let's get to the culture. We have lots to talk about.
• 49:27
  Let's check it out. Here we go.
• 49:28
  I want to give a shout out to our sponsor, Hive Digital
• 49:32
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• 50:03
  their website, hivedigitaltech.com.
• 50:18
  All right everybody I want to give you I want to give a shout
• 50:20
  out to our sponsor Bit Block Boom.
• 50:23
  It's a true Bitcoin conference April 3rd, April 4th, April 5th
• 50:27
  and April 6th it's going to be in Dallas, TX guys, Bit Block
• 50:32
  Boom is one of the best Bitcoin conferences of the year.
• 50:36
  It's the perfect size for you to network with some of your
• 50:39
  favorite Bitcoiners and if you're trying to get a job in
• 50:41
  the industry, this conference is the conference to go to.
• 50:45
  So you look at your Bitcoin, you look at Bitcoin companies you're
• 50:48
  like, I would love to work there.
• 50:49
  Your favorite bitcoiners. I want to meet them I want to
• 50:52
  speak with them. You got got to go to bitblock
• 50:54
  boom, they got this awesome BBQ. It's awesome.
• 50:57
  Simply is going to be doing the production this year.
• 50:59
  If you want to meet Dante, if you want to meet Russ and if you
• 51:01
  want to meet Opti, you got to go.
• 51:03
  The whole crew is going to be there.
• 51:04
  Get your tickets quickly because the prices do increase in 21
• 51:08
  days, 10 hours, 37 minutes and 28 seconds.
• 51:11
  And if you use promo code BBB 21, it will get you $100 off of
• 51:19
  your ticket. All right everybody, we're going
• 51:21
  to open up the conversation. Take advantage of the organizer
• 51:25
  and founder of Bitblock Boom. We have Gary Leland in the
• 51:29
  house. The Bitcoin Boomer.
• 51:31
  How you doing, Gary? Hey, doing well, doing well.
• 51:34
  I'm glad to be here. Enjoyed the conversation so far
• 51:37
  and went to more of it. Yeah, absolutely.
• 51:39
  So Gary, let's walk us through because a lot of people don't
• 51:42
  know the, you know, the inside baseball of Bitblock boom.
• 51:46
  They don't know that it's the longest running Bitcoin
• 51:50
  conference in history. Right now it's running, I think
• 51:53
  it's eight years, eight years straight or seven years
• 51:56
  straight. Is that right?
• 51:57
  This is our 8th year and we didn't even shut down for COVID.
• 52:00
  So then we had a great, and we had a great crowd during COVID.
• 52:04
  So we're, we're the hardcore Bitcoiners.
• 52:07
  I mean, you know, basically and the bitlock boom.
• 52:11
  But you know, we're trying to like open that door up to make
• 52:14
  it more for newbies too. Like this year we have workshops
• 52:17
  on Thursday, like one whole day of what is Bitcoin, you know,
• 52:21
  because we've never had anything that basic before.
• 52:23
  So we're trying to open it up, have lightning workshops that
• 52:26
  day, mining workshops. But yeah, we're the Bitcoin only
• 52:31
  and it's Bitcoin only. It's not like you have the deal
• 52:35
  in Bitcoin and the other 20,000 shit coins.
• 52:38
  This is a Bitcoin event. Absolutely.
• 52:41
  And then Gary, let's, let's talk about the, let's talk about that
• 52:44
  for a second, right 'cause you, you mentioned workshop.
• 52:47
  So you know, if you're a Bitcoiner, you know what a
• 52:50
  workshop is. But if you for perhaps like
• 52:53
  you're just getting into Bitcoin, you just heard about
• 52:55
  self custody, you just heard about lightning.
• 52:58
  Like what is a workshop? Like what does it entail?
• 53:00
  Let's say you go to, for example, a self custody workshop
• 53:04
  or a lightning work workshop. What does that mean?
• 53:08
  Well, it's going to be a smaller group first of all, because we
• 53:10
  have three of them going limit to 100 people can fit into the
• 53:14
  room and it'll be one person after another going over the
• 53:17
  basics on Bitcoin, how to create a node maybe or how to load a
• 53:25
  wallet. I mean it's different subjects.
• 53:27
  All of them are subjects that a Bitcoiner who's new is going to
• 53:30
  want to go through. We haven't ever done this before
• 53:33
  or I I used to jokingly say if you were and you were are not
• 53:38
  even in the Bitcoin, but you wanted to find out about Bitcoin
• 53:42
  bit block boom might not be the conference for you because
• 53:45
  everybody we didn't do anything basic there.
• 53:47
  Everything was kind of advanced. But like I said, now we're
• 53:50
  trying to make it so it's worth the to, to orange pill more
• 53:54
  people instead of just having the orange pilled people there,
• 53:57
  which is what it's always been mostly in the past is people who
• 54:01
  were orange pilled already. So, so that's kind of a new
• 54:04
  thing for us. We're still lining up a couple
• 54:06
  of those, but they're on the schedule.
• 54:09
  Just the times may change. So if someone wants to check out
• 54:11
  the schedule and they can see what we've got lined up so far.
• 54:14
  One of the things also too, that I noticed Gary and I know we've
• 54:17
  been know that it's been switching from Austin to Dallas
• 54:20
  and you know, of course Opti and I, the simply crew has been to
• 54:23
  both. It's awesome.
• 54:24
  Again, one of my favorite Bitcoin conferences of the year.
• 54:27
  But one of the things that I noticed this year is different
• 54:30
  is the length of it. So it's you know, it's from the
• 54:33
  3rd to the 6th 1234 it's four days.
• 54:38
  So Gary, what what are you guys planning?
• 54:40
  What's different? And by the way, also, guys, if
• 54:42
  you've never been to bitblock boom, some of the side events
• 54:45
  are super, super fun. So there's the BBQ, which I
• 54:49
  can't read. Texas BBQ is amazing, but
• 54:51
  there's like this like there's axe throwing, I believe there's
• 54:55
  the put the famous poker night. I believe someone like one like
• 55:00
  an absurd amount of tickets on the roulette wheel.
• 55:03
  They put everything on one color and they just won.
• 55:05
  It was, it was a lot of fun. There's the the range day as
• 55:08
  well, which, which is really cool.
• 55:10
  So the side events are are are are super awesome.
• 55:13
  They're super cool. The BBQ venue that you guys had
• 55:17
  last year there, it was like at a Ferris wheel.
• 55:20
  There was a live band. It was a lot of fun.
• 55:23
  So why is the bit block boom conference Gary?
• 55:27
  You know, 6, it's 4-4 days this year.
• 55:29
  Well, it's, it's always been, it's always been the same
• 55:32
  length. So nothing's new there.
• 55:33
  You just never noticed it probably.
• 55:36
  But you know, it's kind of just evolved.
• 55:38
  You know, we had first year back in 2000, I guess 17, maybe it
• 55:44
  was or 2018, I can't remember. We just had the, the, the
• 55:48
  Saturday conference day and then we decided to add a Friday night
• 55:52
  party and make that optional instead of just raising the
• 55:55
  prices. So then we added workshops on
• 55:59
  Friday afternoon and then we added a brunch Sunday.
• 56:02
  So these things kind of happened on.
• 56:04
  But the thing about Bitlock Boom is of course you can buy a
• 56:07
  ticket and go to everything, but you don't have to.
• 56:11
  And, and believe me, everybody who works for me checking people
• 56:16
  in and stuff hates that because there's so many different ticket
• 56:19
  options. But some people don't want to go
• 56:22
  or maybe they can't afford to go to all these events instead of
• 56:24
  just making 1 ticket that's the highest price to cover
• 56:28
  everything. We break every event out into a
• 56:31
  separate event, including the gun event you mentioned, because
• 56:34
  that only holds 50 people and we're going to be probably sold
• 56:37
  out of that soon. So you haven't bought your gun
• 56:39
  event ticket. Go buy that now because that
• 56:42
  will that'll be the first thing we sell out of.
• 56:44
  But like I said, I think by giving people options, some
• 56:47
  people just, I have people they go that just buy tickets to the
• 56:51
  Friday night party. They just want to go hang out in
• 56:54
  the hotel, but they want to go to the Friday night party.
• 56:57
  So that's the beauty of our system.
• 57:00
  Some people go, oh, you charge for everything, But no, we don't
• 57:03
  charge for everything unless you want to go to everything.
• 57:06
  I mean, when you go to an event, there's all these things going
• 57:08
  on. They aren't all free.
• 57:09
  They're in your ticket price. So we tried to break it down so
• 57:12
  you pay for what you want to go to.
• 57:14
  So. But it's always been this many
• 57:16
  days, it's just you've probably not noticed.
• 57:20
  Yeah, I mean, I, you're right. And you know, and again, it's
• 57:24
  the, the, the, the, no, you know, what it was, is, is it's
• 57:28
  always been this many days, but you put the entire, you put all
• 57:31
  the days on the website. Yeah, that could be it, that.
• 57:34
  Could be. It yeah, it was probably April
• 57:36
  3rd to the 6th that. Like, oh, we give people some
• 57:39
  information, yes, I'll get some information out there to the
• 57:43
  people who are calling and going.
• 57:44
  When is this damn thing? I got tickets for it.
• 57:47
  But so. You know, but you know, but most
• 57:50
  people don't realize is I started bit block boom because I
• 57:54
  wanted to meet other bit corners.
• 57:57
  I mean, you know, so I didn't want to travel to them.
• 57:59
  So I started an event so they'd all come to me and we've.
• 58:02
  Had some great. We've had some great big.
• 58:05
  We've had all, I mean, just about all the the known
• 58:09
  bitcoiners there. I saw safe year for last night.
• 58:12
  I told safe, I said, hey, I want to thank you for coming and
• 58:15
  speaking at the 1st 2 bit block booms.
• 58:18
  You really helped us get on track, right.
• 58:20
  And he goes, gosh, I need to thank you.
• 58:22
  You were the first place I ever signed books at was at your
• 58:24
  event. So we've had a knack of getting
• 58:27
  the people there for sure. And and and that's been that's
• 58:31
  been great for us. It really has.
• 58:33
  So I mean, it's a, it's, it's a, it's a cultural, it's a Bitcoin
• 58:38
  culture. Like this is part of the Bitcoin
• 58:40
  culture at this point. There is the famous lobby con
• 58:44
  that was happening during the pandemic where like the, the
• 58:47
  hotel had some crazy rules that you couldn't, you know, you
• 58:51
  couldn't get together in the, in the like conference room, but
• 58:56
  everyone just got together in the lobby.
• 58:58
  You know, no one was wearing masks.
• 59:00
  This was like. The the rule that they they made
• 59:03
  for us was if you're walking around with a drink, then you
• 59:06
  don't have to wear a mask. And so all Bitcoiners were just
• 59:10
  walking around with cups the whole time in the lobby just
• 59:12
  like, OK, thanks for the rule and they.
• 59:15
  Brought me in for a private meeting and said hey your guys
• 59:18
  aren't wearing masks and them walking around with cups is not
• 59:20
  fooling us. You need to tell them to get
• 59:25
  their mask on. I said I may be old enough to be
• 59:27
  their daddy, but I'm not. Oh, man.
• 59:32
  So yeah, no, it was it. So the safe thing, I didn't know
• 59:35
  the first, first conference that safe got his tickets, his his
• 59:39
  book signed again, this is the conference where Opti and I
• 59:42
  first met each other in person. We actually got a room together
• 59:47
  to go to bit block boom. I believe it was like the the
• 59:49
  pandemic year. So like, yeah, it's it's like
• 59:52
  it's a rite of passage. This is a pilgrimage that I
• 59:54
  think all Bitcoiners need to make at one point, and I just
• 59:58
  kind of want to go through. Some of the things that that
• 1:00:02
  you're offering Gary, so before. You do that.
• 1:00:04
  Before you do that, I do want to highlight on something you said
• 1:00:07
  a minute ago. I have had more people come up
• 1:00:10
  to me at any conference I ever go to.
• 1:00:13
  I have people come up to me and tell me they found their dream
• 1:00:16
  job by coming to Bitlock. Boom.
• 1:00:18
  I had that happen everywhere I'd go if they're bitcoiners at.
• 1:00:21
  So you were right when you said that.
• 1:00:23
  I wanted to make sure people knew that wasn't just that
• 1:00:25
  wasn't Nico just like saying some stuff like he might do a
• 1:00:28
  lot? That was a true factor.
• 1:00:33
  So. You know, and and again, like
• 1:00:35
  it's yeah, this is you know, it bit block boom played a huge
• 1:00:39
  part in in simply Bitcoin, right, Because, of course, like
• 1:00:42
  it was, you know, Opti and I deciding to take the show the
• 1:00:46
  live that really just took simply to the next level.
• 1:00:51
  Apparently the the Twitter stream died.
• 1:00:53
  That sucks, but. Yeah, we're still, I think, I
• 1:00:56
  think spaces are they just all died right now on Twitter.
• 1:01:00
  Doesn't look like there's any of them.
• 1:01:01
  So whatever we're still up on, no wait, maybe it's there.
• 1:01:04
  We're still up on Rumble and yeah, it's.
• 1:01:07
  They had an issue. It's back.
• 1:01:08
  I guess we're still. Up on Rumble and we're still up
• 1:01:10
  on YouTube. So the show goes on and we're 30
• 1:01:13
  people. Go ahead, Gary.
• 1:01:15
  Why is this going to say, but the hell with all that.
• 1:01:18
  If anyone's here, they can listen.
• 1:01:19
  If not, we can just have a good damn time.
• 1:01:21
  We all, we all enjoy talking Bitcoin.
• 1:01:24
  You know, another thing about bit block boom though, that I
• 1:01:28
  think that I hear stuff about all the time is, you know, you
• 1:01:32
  don't have a speaker coming from the back coming out to speak and
• 1:01:38
  then disappearing out. The the speakers are in the
• 1:01:41
  audience or the hallway hanging out and it's their turn to
• 1:01:43
  speak. So they run up on stage to speak
• 1:01:45
  and go back to the hallway to hang out some more.
• 1:01:48
  So you have opportunities to meet these people who you've
• 1:01:51
  only seen on on TV or YouTube feeds or listen to in their
• 1:01:55
  podcast. It's not like we're keeping you
• 1:01:57
  away from him going, Oh, he's busy, don't talk to him.
• 1:02:00
  We're like going, Hey, get out there and talk to the people.
• 1:02:02
  So I think that's another people reason people like Bitlock Boom
• 1:02:05
  is they actually or with the people who they came to see, not
• 1:02:10
  just seeing them, they're they're being interacting with
• 1:02:13
  them. I don't have VIP's, you know, so
• 1:02:16
  we don't have VIP tickets. I don't have AVIP room.
• 1:02:19
  I don't have all that. We have a ticket and then we
• 1:02:22
  have a pro pass, which is all the tickets, but it doesn't get
• 1:02:25
  you anything else. So they they aren't getting
• 1:02:27
  anything else you aren't getting.
• 1:02:29
  Yeah, and, and, and that's the that part that I love, guys.
• 1:02:32
  So, you know, essentially the way that Gary sets it up right
• 1:02:35
  is that you have the you have the the stage, but there isn't a
• 1:02:39
  backstage where, you know, in the back door entrance, right?
• 1:02:42
  Like the speaker. What what what is awesome about
• 1:02:45
  the conference is that you see some of these speakers just go
• 1:02:48
  back into the crowd and just just sit on just sit at one of
• 1:02:52
  the tables and just watch the panels, right.
• 1:02:54
  And again, this is the perfect opportunity to kind of just go
• 1:02:57
  up to them and start speaking with them.
• 1:02:58
  And I just want to go through like the the different ticket
• 1:03:01
  sites. So there's the general
• 1:03:02
  admission, which gives you access to Friday and Saturday,
• 1:03:06
  the Friday workshop, the Saturday conference sessions,
• 1:03:09
  and then the Saturday night casino party.
• 1:03:13
  Then there is the the 2025 pro pass that gives you access to
• 1:03:18
  the Thursday night networking dinner and party, the Friday
• 1:03:22
  workshops, the Friday night networking dinner and party.
• 1:03:25
  By the way, these parties are absolutely awesome and there's
• 1:03:27
  good food there as well. Then there's the Saturday
• 1:03:30
  conference sessions. Then there's the Saturday night
• 1:03:33
  casino party and then the Sunday networking brunch.
• 1:03:36
  I haven't been to one of these brunches yet because usually my
• 1:03:39
  my flight is the the the the Sunday morning, but I think I'm
• 1:03:43
  I think I'm going to have to make that trek this year because
• 1:03:46
  I want to check it out. What a Texas.
• 1:03:48
  The branch was originally created for people who wanted to
• 1:03:50
  do some more Bitcoin networking, but their flight was at like
• 1:03:53
  3:00 or 4:00. They could run by there in the
• 1:03:55
  morning and do that. And both of those tickets you
• 1:03:57
  just went over that code BBB 21 you gave out gives you $100 off
• 1:04:02
  those tickets. Absolutely.
• 1:04:05
  Yeah, I'll, I'll pull it up right here.
• 1:04:06
  You guys just scan the QR code and I'll take you directly to
• 1:04:10
  the Bit Block Boom website. And again, use promo code BBB
• 1:04:14
  21, get $100 off these tickets. But I'm going to keep scrolling
• 1:04:18
  down. And this is what Gary was
• 1:04:21
  talking about earlier, right? And this is what makes Bit Block
• 1:04:24
  Boom different from a lot of conferences.
• 1:04:27
  Think of this as kind of like your your shopping cart.
• 1:04:29
  So for example, let's say you don't want to go to all these
• 1:04:32
  things in the pro pass, but you do want to go to the dinner
• 1:04:38
  part. I, I highly recommend the, the
• 1:04:40
  dinner ones because that's where you're going to have some of the
• 1:04:42
  best networking. But let's say you know, you want
• 1:04:45
  to go to the Thursday one, but you don't want to go to the
• 1:04:47
  Friday 1. You could just put that in your
• 1:04:49
  cart. How about you say, hey, you know
• 1:04:51
  what, Nico, maybe I just, I don't want to go to the
• 1:04:53
  conference, but I, I want to go to the dinners.
• 1:04:55
  You can buy them individually. This is what Gary was talking
• 1:04:57
  about earlier, right? So the Thursday night dinner,
• 1:05:00
  the food is included in the in the price.
• 1:05:03
  The Friday night dinner, again, this is Texas BBQ or I'm
• 1:05:07
  assuming it is that's what it was last year, absolutely
• 1:05:10
  delicious. And then the the morning brunch,
• 1:05:13
  which is Sunday morning. And then Gary was talking about
• 1:05:17
  it earlier, right? There's the bit block shoot.
• 1:05:20
  And essentially what that is is you know, a bunch of bitcoiners
• 1:05:22
  go to, you know, they're, they have a they have a range day set
• 1:05:27
  up. But again, you want to get your
• 1:05:29
  tickets quickly for this because there's only 50 slots and then
• 1:05:32
  the famous casino night, which is a blast.
• 1:05:34
  And if you're. Casino night is if like you're
• 1:05:37
  bringing your wife or something like that and they want to go to
• 1:05:39
  the party but don't want to go to the conference.
• 1:05:41
  That's. An exactly, Yeah, yeah, exactly.
• 1:05:43
  And then they have a professional dealers kind of set
• 1:05:46
  up on the floor and it, it's, it's a great time.
• 1:05:49
  And then you know, and it, it's for, it's, it's for Gary Bucks,
• 1:05:53
  by the way. And then there's a raffle at the
• 1:05:55
  end and, and you win a prize. It's a, it's a lot of fun.
• 1:05:59
  It's, it's not actual money. It's, it's like Gary Bucks.
• 1:06:02
  It's a, it's a, it's a, it's a great time.
• 1:06:04
  And then there is the bit block Boom chess tournament.
• 1:06:08
  You get in there for $30.00. And again, the, the, the, the
• 1:06:11
  slots are limited. There's only 21 players.
• 1:06:14
  So yeah, it's, it's a great time.
• 1:06:16
  The only thing I haven't been to is the brunch, which I'm going
• 1:06:18
  to do this year, but these dinners are a blast.
• 1:06:21
  You'll, you'll meet again, some of your favorite Bitcoiners.
• 1:06:24
  And if you're trying to get a job at the industry, guys, like
• 1:06:27
  you're going to have some of the CEOs of, you know, some of your
• 1:06:30
  favorite Bitcoin conferences there on the floor.
• 1:06:34
  And it gives you a great opportunity to go up to them
• 1:06:36
  directly and, you know, do your thing right and speak to them.
• 1:06:39
  LinkedIn is overrated. You got to go to these these
• 1:06:42
  these Bitcoin conferences to get a job in bit in in Bitcoin.
• 1:06:46
  Wait, wait, wait, Nico. Real bitcoiners don't have
• 1:06:48
  LinkedIn, so you have to go to big.
• 1:06:50
  Block room to get. A job, but hey Gary, we are
• 1:06:54
  going back to Dallas. So super excited for that.
• 1:06:57
  It is a new venue. So my question is, is there
• 1:07:01
  going to be a pool con this year?
• 1:07:04
  You know, that happened on its own, so I don't have anything to
• 1:07:08
  do with it. But we do have a better pool
• 1:07:09
  this year and it's a better hotel this year for sure with on
• 1:07:13
  the river walk kind of thing with restaurants and stuff.
• 1:07:15
  So it's a it's a, it's a really nice location this year.
• 1:07:18
  But you know, yeah, the thing about Bitlock Boom is it's a
• 1:07:22
  networking event. I mean, some people, I, I think
• 1:07:26
  some people just go to conferences just for the
• 1:07:28
  conference day to see the speakers.
• 1:07:30
  We're at bitlock Boom. Not only do you see the
• 1:07:33
  speakers, you get to meet them all and ask them all your
• 1:07:35
  questions in person and maybe build relationships with them.
• 1:07:38
  And so you can like say, hey, I need your e-mail address, I want
• 1:07:41
  to ask you some questions later, you know, whatever.
• 1:07:43
  But it's a networking event. That's the difference.
• 1:07:47
  And that's what the parties are about.
• 1:07:49
  They're about networking, a chance to meet people.
• 1:07:52
  Absolutely. Yeah, 100%.
• 1:07:54
  Again, meet your favorite Bitcoiners do business.
• 1:07:58
  It's it's, it's, it's a great, great time.
• 1:08:01
  So can't emphasize that enough. I'm really looking forward to
• 1:08:04
  it. I don't know Opti is because
• 1:08:06
  he's not have to. He's he's going to just has to
• 1:08:08
  drive right. So yeah, it's going to be a
• 1:08:11
  great time. Anyways, guys, we are getting to
• 1:08:13
  the top of the show. Had a great show.
• 1:08:15
  Brooke 2000 live viewers despite X going down.
• 1:08:20
  But this was simply Bitcoin live for December 19th, 2024.
• 1:08:23
  I'm your host Nico where the Internet went out for me too,
• 1:08:27
  bro like this is crazy, crazy day.
• 1:08:29
  But we still powered through. This was Simply Bitcoin Live for
• 1:08:32
  December 19th, 2024. I'm your host Nico, as my
• 1:08:35
  legendary Co host Optimus Fields, and of course our
• 1:08:37
  special guest for today, Gary Leland.
• 1:08:41
  Go to bitblockboom.com today and use promo code BBB 21 to get
• 1:08:47
  $100 off. Love you all.
• 1:08:49
  We'll see you guys tomorrow for a brand new episode of Simply
• 1:08:51
  Bitcoin Live. Today's episode was brought to
• 1:08:54
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:08:57
  mission to enable financial independence.