Latest / Simply Bitcoin / Bessent EXPOSED China & Russias Secret Bitcoin Plan! | EP 1220

Transcript

Bessent EXPOSED China & Russias Secret Bitcoin Plan! | EP 1220 · Simply Bitcoin

0:00
Yeah. Well, everyone was focused on
0:02
Trump's trade war and its impact on markets.
0:05
Treasury Secretary Scott Besson has accidentally exposed China
0:11
and Russia's secret Bitcoin plan.
0:13
The massive $182 billion firm Venek dropped a report literally
0:18
48 hours ago exposing how these two superpowers were using
0:23
Bitcoin for. Global.
0:25
Trade. You heard that right.
0:27
Let's hear from the man who is openly talking about a global
0:31
monetary reset and his recent statements on Bitcoin.
0:34
Trump's right hand man Scott Besset himself.
0:38
Let's check out the clip and then we'll talk about it.
0:41
I think as a economic historian and someone who's been in
0:46
markets for 40 years, you know, I, I actually think I'm starting
0:51
to look like it now. It is, yeah.
0:56
I think we're also at A at a unique moment geopolitically.
1:01
And I I could see in the next few years that we are going to
1:05
have to have some kind of a grand global economic
1:10
reordering. There's something on the
1:13
equivalent of a new Bretton Woods or if you want to go back,
1:17
you know, like a a treat something back to the steel
1:20
agreement. So the treaty Versailles, you
1:22
know, there's a very good chance that we are going to have to
1:28
have that over the next four years and I'd like to be a part
1:33
of it. You know, I, I've, I've studied
1:35
this. I, I think it so like it was
1:44
unclear whether we were going to exempt gold from tariffs, which
1:49
I believe we have. So there was a big move out of
1:52
vaults in Switzerland, out of vaults in London to get it into
1:56
New York. And look that there, there are a
2:01
lot of different stores of value over time, Bitcoins becoming a
2:06
store of value. Gold has historically been a
2:09
store of value. You know, I think what's
2:13
interesting is where do we see the gold demand coming from?
2:16
A huge amount is from China where they, as I said, they're
2:20
in the middle of an economic recession slash depression.
2:24
People don't trust the Chinese currency because they have
2:27
capital controls. There are 1.1 point 4 billion
2:33
Chinese who won't want to get their money out and they won't
2:36
let them They. So absolutely crazy tons to
2:43
break down before we get into it.
2:44
I'm here joining my legendary Co host who's always optimistic
2:47
optimist fields in the Co host seat today.
2:49
Again, Scott Bessett isn't the only one who's saying this.
2:53
We have Nick Bhatia, incredibly brilliant bitcoiner.
2:56
He's written some amazing books. He says all caps global
2:59
reordering one hour ago and then he follows up that post with Mar
3:03
a Lago agreement, 2025 Bretton Woods replacement.
3:09
I mean, those are some massive, massive words.
3:12
But let's jump straight into the Vanek report.
3:15
I think this is a smoking gun, absolutely historic.
3:18
It's by Matt Siegel, head of digital assets research.
3:22
He says the Trump administration's April 2nd
3:25
tariff package targeting imports from China and the EU has
3:29
reignited global trade tensions and increased increase the risk
3:33
of monetary and geopolitical fragmentation.
3:36
Bitcoin initially dropped from 85 K to the 81 K range after the
3:42
announcement and sold off further over the weekend, but
3:46
has still outperformed the NASDAQ across every major time
3:49
frame, one week, one month, year to date over the past 1235 and
3:55
10 years. While slower growth alone isn't
3:58
bullish for Bitcoin, the policy response might be.
4:03
If tariffs weigh on GDP without triggering A flesh a fresh
4:07
inflation spike, the Fed may have to scoop the to cut rates,
4:12
reintroducing the liquidity conditions under which Bitcoin
4:16
has historically excelled. AK money Printer Gober.
4:21
At the same time, the weaponization of trade and
4:24
financial infrastructure continues to drive interest in
4:28
neutral settlement rails. Here's the signal from this
4:30
paragraph that interest is longer theoretical.
4:34
We've been saying this is going to happen for many, many years
4:39
now If you push your global adversaries or the US, like you
4:44
know, they the whole sanction thing against Russia, right?
4:47
Essentially taking Russia out of the the euro dollar kind of
4:51
financial system when the war in Ukraine started.
4:56
You can't blame Russia for seeking an alternative.
4:59
And I mean, same goes with China as well.
5:02
Russia and China obviously don't feel good using the dollar
5:05
because the US government could essentially sanction it.
5:07
They could weaponize the dollar for their own benefit.
5:10
They're obviously incentivized to find a neutral alternative
5:15
monetary network, for better or worse.
5:18
So it goes on to say. China and Russia have reportedly
5:21
begun settling energy transactions in Bitcoin and
5:25
other digital assets. Bolivia has announced plans to
5:29
import electricity using crypto, and French energy utility EDF is
5:35
exploring whether it can mine Bitcoin with surplus electricity
5:39
currently exported Germany. These are early signs that
5:42
Bitcoin is evolving from a speculative asset into a
5:46
functional monetary tool, particularly an economies
5:50
looking to bypass the dollar and reduce exposure to US-led
5:55
financial systems. It goes on to say indicators to
5:59
watch investors should watch the evolving path of Fed policy.
6:03
Dovish shifts and rate expectations and rising
6:06
liquidity are historically positive for Bitcoin. the US
6:10
dollar index remains a key signal.
6:13
Any sustained dollar weakness may bolster the Bitcoin as hedge
6:17
narrative, particularly in an environment of geopolitical
6:21
fragmentation. Importantly, while 10 year
6:24
Treasury yield surged on Monday, Bitcoins reaction was notably
6:29
subdued. Unlike in 2022, rising yields
6:32
did not trigger a wave of forced liquidations or volatility in
6:36
crypto markets, suggesting that BTC may be decoupling from old
6:42
macro sensitivities. Bitcoin ETF flows and on chain
6:46
activity also matter. Despite recent volatility, US
6:50
listed spot Bitcoin ETFs are still net positive by 600
6:54
million year to date, with renewed inflows in late March.
6:58
Finally, watch for retaliatory moves from China or the EU,
7:02
especially those at aimed at bypassing dollar based systems,
7:07
which could accelerate adoption of crypto as an alternative
7:12
settlement layer. I mean, we've been saying this
7:15
for years. It's just common sense.
7:18
It is the game theory playing out.
7:21
So while all this tariff madness is happening, you know who's
7:25
winning? Bitcoin is winning.
7:27
This is something that we read from Max Keiser's ex yesterday,
7:31
said in a global trade war, Bitcoin wins.
7:34
And it seems like the head of research and Vanek agrees.
7:38
And also, did you hear the Treasury Secretary?
7:41
Night is night and day compared to Treasury Secretary Janet
7:44
Yellen. The dude's literally a
7:46
Bitcoiner. We know he owns up to $500,000
7:49
in Bitcoin or exposure to Bitcoin ETFs, and he's literally
7:52
saying that Bitcoin is a store of value.
7:55
Simultaneously, that clip that we played from you guys was
7:58
really fascinating because that was before.
8:02
Trump won the. Presidency.
8:03
That was before he won the presidency.
8:06
He's won the presidency. Scott Bessett is U.S.
8:09
Treasury secretary and he's telling you his intentions.
8:12
He's telling you exactly what he believes is going to happen.
8:16
This is Bretton Woods 2 point O this is Trump Woods.
8:21
I am totally just made that up. But you guys get the general
8:24
gist of it. And you guys have to remember
8:26
Trump is extremely pro Bitcoin. So in a global monetary
8:32
reshuffling or reset, the person who's driving that is literally
8:38
pro Bitcoin. The the main driver, which is
8:41
President Trump and then his right hand man, Treasury
8:44
Secretary Scott Bessett is also extremely pro Bitcoin.
8:48
Where do you think Bitcoin's going to fit into all this?
8:50
They just announced the strategic Bitcoin reserve a
8:53
couple months ago. They literally posted it from
8:55
the X account. We want to make the US the
8:58
strategic Bitcoin capital of the world.
9:01
I mean, this is like the day-to-day price shifts are
9:07
noise if you're paying attention to the signal.
9:10
I'm telling you, I've told you guys this yesterday from a news
9:14
perspective, this has been I've been in Bitcoin for nine years.
9:18
This has been the most bullish boot news cycle in bitcoins
9:24
history or, or what I've ever experienced.
9:26
I've never seen something like this from a price perspective.
9:31
Clearly it's lagging. But as like that article pointed
9:34
out, as soon as the Fed changes its monetary policy, which I
9:40
believe the Trump is, the Trump administration is trying to
9:42
force upon them and they make money printer go Burr.
9:46
Bitcoin is literally going to go to the moon and there's no
9:51
regulatory hurdles in its way. We actually have a post for you
9:55
guys, a Truth social post where Trump is actually attacking the
9:59
Federal Reserve. He's actually attacking Jerome
10:02
Powell, but we're going to get to that during the culture
10:04
segment later on in today's show.
10:06
Anyways, Opti, absolutely historic news today with Scott
10:11
Bessett coming in hot. What are your thoughts on this
10:14
my bro? Yeah.
10:16
I mean, I've been saying this for a long time that we are
10:20
eventually going to get to like a Petro sat system.
10:23
And this is like this is when we know Bitcoin completely wins is
10:26
when we see energy or oil being settled in Bitcoin.
10:31
And the fact that we're seeing this happen right now, I think
10:33
is is one of these very huge stories that kind of went under
10:37
the radar. Obviously, everyone's looking at
10:39
Treadfy right now. We're all looking at the macro
10:41
markets. We're all macro experts now, or
10:43
at least trying to become macro experts because Bitcoin is
10:46
entering a different era here. But I think this is absolutely
10:50
one of the bigger news stories that came out that, you know,
10:53
some people are saying that best have planned this.
10:56
A lot of people are saying on Twitter, you know, this was
10:57
Trump's plan originally. Even Trump came out and said,
11:00
what did he say yesterday? He said something like we didn't
11:03
pause the tariffs because of the bond markets.
11:05
And yet I think a lot of us are like, they totally pause the
11:08
tariffs because of the the bond market seemingly blowing up.
11:12
But whether this was accidental or planned, I think this is
11:16
insane. Like what we're seeing right
11:17
here is nuts. And this is I think what we're
11:20
going to be seeing moving further along into the future is
11:22
like, yes, they have been putting a lot of pressure on
11:25
China. We all saw now I think the
11:26
tariffs, he announced 125% tariffs yesterday.
11:30
I think the math this morning came out it's going to be
11:32
basically 145% tariffs on China. So China's basically in a pickle
11:37
right now. They, they may, they need the US
11:41
markets to essentially export all of their consumers or their,
11:45
their, their products and, and yeah, their products,
11:47
electronics, etcetera to the US without the US market, China's
11:51
absolutely wrecked. And we're seeing some of the
11:53
things in the EU as well. So like we have you know what,
11:57
what does it mean? We have all the cards right now.
11:59
And I know a lot of Bitcoiners like safety and out there have
12:01
been saying and even like Thomas Sowell and people have been in
12:05
pulling up, I believe it was Milton Friedman classic clips
12:09
about how tariffs are bad. But we are seeing some secondary
12:14
effects play out right now that are very interesting in regards
12:17
to Bitcoin. Obviously, in the past, there
12:19
was no escape valve, there was no pressure relief valve like
12:22
Bitcoin. And now we're seeing it.
12:23
And yes, like people are saying in the chat, great.
12:25
Now our enemies are using Bitcoin guys, we all know
12:27
Bitcoin is for enemies. Bitcoin is for anyone anyone
12:31
that needs a permissionless censorship resistant settlement
12:35
rails is going to get to Bitcoin.
12:37
And Nico's been saying this for I don't even know how long now
12:40
on the show over a year and a half about that.
12:42
Sanctions don't work in this new Bitcoin system and now we're
12:45
seeing that the tariffs don't actually work as well.
12:48
Sailors been tweeting, you know, there's no tariffs on Bitcoin.
12:51
And I think people are starting to wake up to the fact that yo,
12:53
like this Bitcoin thing is not just Internet nerd money like
12:56
this is the new macro asset like this is going to be the key
13:01
player that is going to usher in the Bitcoin standard or a more
13:05
Bitcoin centric future in the economy.
13:08
And I think this is like that, that point, the way you look
13:12
back, you know, it's like, it's like the big shorter margin call
13:14
moment where you where you get that one signal and you're like,
13:17
oh shit, things are about to get really crazy right now.
13:20
And for us Bitcoiners, we've been saying this for a long
13:23
time. Once you have the understanding
13:25
of Bitcoin, you have the fundamentals and, and you can
13:28
work from first principles, you are able to predict where the
13:31
future is going. Like we're not all mind readers
13:34
where, you know, we don't have crystal balls, but you are
13:36
already essentially, as I've been saying, like waiting at the
13:39
finish line. Yes, Bitcoin hasn't essentially
13:41
won yet, but we can see where the ball is going.
13:43
And that's how you really, really put yourself in position
13:46
yourself in a position to win because everyone else is working
13:49
on an old system. If you are a Bitcoiner, if
13:52
you're all in on Bitcoin, if you understand the the economics
13:55
around Bitcoin and the global game theory, you knew that this
13:58
was going to happen. So once we see more nations
14:00
start to settle their energy and their trades in Bitcoin, it's a
14:05
totally different game. So look, they put pressure on
14:08
China around the bond markets, you know, all those tariffs
14:11
where we're essentially trying to get more people to buy
14:13
treasuries. But it seems like people are
14:16
starting to end up in the only store values that really matter,
14:19
which is, of course, gold. I don't know if you guys watch
14:21
the gold price this morning, but it's back up to all time highs.
14:24
And yeah, Bitcoins kind of retracing a little bit.
14:27
But in the face of all this crazy economic uncertainty,
14:30
Bitcoin is holding up very strong and more people are
14:33
starting to look towards Bitcoin as a as an actual alternative to
14:37
the Fiat dollar system or the Fiat monetary system.
14:40
We find ourselves in. So very interesting times.
14:42
As I've been saying this last week, or rather since Friday,
14:45
this is the most fun I've had in Bitcoin in a long time.
14:48
Not just like covering the news, but just in Bitcoin because it's
14:51
like what we just heard from Vanek is something bit corners
14:55
have been theorizing for a long time and we've been hearing some
14:58
trickles of information and rumors about this happening.
15:01
Well, now theory is reality. So this is very interesting
15:04
times for Bitcoin, for Bitcoiners and for the global
15:07
macro landscape. Absolutely.
15:10
I think that's a really good point guys.
15:12
If you guys are enjoying the show so far, we're on the verge
15:14
of breaking 100 likes. Help us break 150 likes before
15:19
we we we hit 20 minutes on the live stream.
15:21
So again, if you guys are enjoying today's live show, make
15:24
sure to smash that like button really really helps push this
15:28
content with the algos. Anyways, guys, we have a jam
15:32
packed show for you guys today. We're going to be talking about
15:34
multiple things. We're going to be talking about
15:37
the what's the name of the CEO it wise, right, Opti, Matt
15:42
Hogan, Matt Hogan, he has some some incredible takes.
15:45
We're going to take a look at him.
15:47
What he had to say. He was in the legacy media
15:50
regarding Bitcoin, regarding the kind of just the general kind of
15:53
landscape. Bitcoin is a macro asset.
15:56
You know, I kind of caught Opti and IA little bit off guard,
15:59
right. We've been just talking about
16:00
politics because that was we were in election season for a
16:03
long time. We're talking about the
16:05
strategic Bitcoin reserve. Now that's over that's behind us
16:09
now what's in front of us. Obviously the tariffs have
16:11
popped up. You know, Bitcoin is clearly
16:13
acting like a macro asset. So you know we're we're we're
16:18
covering that as as much as we can.
16:20
So it's gonna be a great show. We already have 1700 of you guys
16:23
watching live. If you guys are enjoying today's
16:25
show so far, make sure to smash that like button.
16:28
I also had this really, really interesting thread for you guys.
16:31
It's coming from someone called Virtual Bacon.
16:35
And he makes the case that essentially we are seeing an
16:39
elongated cycle. So instead of the cycle ending
16:43
at, you know, the end of 2025, which is what it would normally
16:47
do, he's making the case that the cycle is going to end, you
16:51
know, potentially it can go into 2026.
16:55
But what I've learned from this cycle the most is that no one
16:58
has any idea what Bitcoin is going to do.
17:01
That's what I've learned from the cycle the, the, the most.
17:04
And it's it's never been as true as it is today.
17:07
And of course, during the news segment, we're going to be
17:11
talking about President Trump's like warning or a heads up or
17:17
tip to everybody. Before he did a 180 on his
17:23
tariffs, before he froze his tariffs for the rest of the
17:25
world. He, he keeps doubling and
17:27
tripling down on China. But essentially he reversed the
17:30
tariffs on the rest of the world.
17:32
And the NASDAQ pumped 10%. That doesn't happen.
17:36
That is not normal. The Bitcoin price recovered.
17:40
It went back to $82,000. So we're going to be covering
17:43
that. We're going to be showing that
17:44
to you guys. This is uncharted territory.
17:47
We're in completely uncharted territory also.
17:50
So seems like BlackRock is changing their custodian.
17:54
They're moving some of their Bitcoin from Coinbase and
17:57
they're moving it to another custodian.
17:59
Now what's really interesting about this as well is that there
18:02
are some rumors earlier on in the year that BlackRock didn't
18:07
feel comfortable with Coinbase as a custodian and those rumors
18:11
were shut down. They said, no, that's not true,
18:13
that's a lie. Well, I mean, like it's, it's,
18:18
it seems like they are moving some of it.
18:20
So there, there must have been some type of truth into it.
18:24
Now this is the motivation. It was the motivation that that
18:29
Coinbase acted incorrectly. Who knows, But we'll show you
18:33
guys the news, the information and then you guys will let us
18:36
know, I guess. And of course, during the
18:38
culture segment, Opti has something really, really awesome
18:41
lined up for you guys. Opti, what are we gonna talk
18:43
about during the culture segment?
18:44
Yeah, well, today is Inflation Numbers Day, so we'll cover some
18:48
inflation stuff. And then it really remember how
18:52
we've been kind of speculating that there's a war between the
18:56
Trump administration and the Federal Reserve, Jay Powell
18:59
versus Scott Bessett. And it seems like we have some
19:02
more, some more receipts on that.
19:05
That might exactly be what's playing out right now.
19:08
So we'll cover that. We're going to go kind of, you
19:09
know, this is a little more macro cultural stuff.
19:12
But I will reel in some Bitcoin into this though, Nico, I do
19:15
want to say something that I think we should say, especially
19:18
for the audio listeners. There's some really good
19:20
comments in the chat real quick. One of them was hold on, I'm I'm
19:24
looking for it. All right, This is this is, I
19:26
think, like the take away and we'd be remiss if we didn't hit
19:29
this as well. So Alex Mansfield goes best and
19:31
understands Bitcoin. Therefore he must be positioning
19:33
the US and then other people saying like, if best and it was
19:36
involved and you know, I, I would, I would doubt that this
19:40
was planned. And I think this is the big take
19:42
away like what we're seeing from the US right now.
19:44
Yes, everything's tratified. Yes, it's all about treasuries
19:47
right now, but I think behind the scenes, if this isn't taking
19:50
place, if the US isn't positioning themselves to
19:53
acquire more Bitcoin and we have, we have some some more
19:56
receipts from Bo Hines as well saying we're going to make
19:59
America the Bitcoin capital of the world.
20:01
This is the this is the big elephant in the room.
20:03
If the US is not positioning themselves to acquire more
20:06
Bitcoin and be actually the Bitcoin superpower of the world.
20:09
A lot of this stuff is it's going to just recreate what
20:12
we've been seeing. So hopefully this is hopefully
20:15
we'll get more news on this one. Anyways, Nico, keep going.
20:18
Yeah, it's going to be a great show, everybody.
20:19
So bunker down, smash that like button again.
20:22
Help us break 200 likes. I'm moving up the like goal
20:26
within the 1st 30 minutes of the show.
20:28
It's going to be a loaded show, guys.
20:30
We're going to hit the number segment.
20:31
We'll be right back. But before we do that, I do want
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Ladies and gentlemen, we'll be right back.
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We're going to hit the number segment and then we're going to
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unpack a whole lot of content. Smash the like button.
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today. All right everybody, we are
24:13
back. At the time of recording the
24:15
Bitcoin price is $79,360.00 block height 891,886 I mean
24:23
891,806 sats per dollar. 1260 market cap 1.58 trillion,
24:30
Bitcoin versus gold market cap 7.05% percentage issued 94.52%
24:37
decline from all time high -27.3% realized monetary
24:42
inflation .87%. In the grand scheme of things,
24:45
we are just getting started. I think the question on
24:49
everybody's mind is, are the cycles done?
24:52
Are they extended? I ran into this thread yesterday
24:55
when I was scrolling on XI. Think we all do it at this point
24:59
and it was by someone of the name Virtual Bacon.
25:03
And I didn't really look into, you know, what Virtual Bacon
25:07
does and whatever, but I thought the thread was interesting.
25:10
So he starts it off with I was wrong about Bitcoin.
25:13
My original plan was to sell Bitcoin in 2025 at 200 K.
25:17
Now, what's really interesting about that 200K250K number is
25:21
that the CEO of Bitwise also said that same number.
25:26
Is there has been so much fundamentally positive news and
25:31
it's just been buried sort of in the background.
25:33
We've we've caused ourselves to ignore it.
25:36
There's this tragic Bitcoin reserve that the SEC pulling
25:39
back on essentially every lawsuit.
25:41
There's progress on stable coin legislation.
25:44
There's talk of market structure legislation.
25:47
There was the White House crypto summit.
25:48
These are game changing positive developments that should put
25:53
Bitcoin trading at 150 or 200,000 dollars today.
25:57
It's been suppressed because in the short term this overhang of
26:02
the economic uncertainty is weighing on the markets.
26:05
I think if that is released, we're at new all time highs
26:08
quickly and we're on our way to where I think we'll be at the
26:10
end of the year, which is Bitcoin 200,000.
26:13
So I think there's been this sort of suppression of really
26:16
good news. If that is that suppression is
26:19
removed. I think it's a coiled spring.
26:21
So in, that's an. So that is Matt Hogan, he's the
26:28
CEO of Bitwise. So we, we keep hearing this
26:31
200K250K number. That's like, you know, the
26:34
general consensus some heavyweights are throwing their
26:37
names behind it and virtual breaking.
26:40
He says. By the way, shout out to the
26:41
live stream. We just broke 2000 live viewers
26:44
across YouTube and X, of course, shout out to the Rumble audience
26:47
as well. If you guys are enjoying the
26:49
show so far, smash that like button, share the video really,
26:52
really helps with the algo. So let's get through with the
26:55
thread. I was wrong about Bitcoin.
26:57
My original plan was to sell BTC in 2025 at 200 K.
27:01
But price action, liquidity, and macro conditions change, and so
27:05
did my outlook. Here's what I expect next for
27:08
Bitcoin and how I'm adjusting. Let's start with the key change.
27:12
Bitcoin is not weak, it's consolidating.
27:15
We're near a likely bottom around current levels, but don't
27:19
expect a sharp bounce. The correction is healthy, but
27:23
price still needs time to chop and reset.
27:25
No panic, no euphoria, just patience.
27:29
Technically Bitcoin remains bullish long term.
27:32
We're holding above the 50 week SMA and the same level that
27:37
supported price in summer 2024. Higher highs and higher lows are
27:41
intact. Previous top 108 K current low
27:45
75K key support 50 week SMA. This is a textbook bull market
27:50
structure. Zooming in and short term
27:53
signals are flashing. Caution, the cross is near, is
27:57
nearing on the daily chart. Historically this means more
28:00
chop two to three months of sideways price, then recovery.
28:04
Golden cross equals breakout. No need to catch the bottom.
28:08
Let the structure reset. But this isn't just about
28:11
charts. Fundamentals matter more.
28:13
We're entering A liquidity air pocket that could last two to
28:16
six months. Why?
28:18
April's tax season equals cell pressure.
28:21
U.S. debt ceiling TJ refill equals the liquidity drain.
28:25
Q QT still active, Fed hasn't pivoted.
28:28
QE can't start until rates hit 0.
28:31
Recession odds equals 61% by October.
28:34
We're not there yet, so how does liquidity return?
28:38
Watch for stealth QE. Arthur Hayes points to the Fed
28:42
slowing QT, letting mortgage-backed securities roll
28:45
off and replacing them with treasury purchases.
28:48
This isn't full blown money printing, but it's still a
28:52
bullish shift. That pivot could start by mid
28:55
2025. That's the general consensus
28:58
about the Fed fed pivot. Let's clear up a major
29:01
misconception. M2 isn't the same as global
29:04
liquidity. Most use M2 to call for bull
29:07
runs, but that only works for Bitcoin, not for all coins.
29:11
I mean this part would not really interest us as as simply.
29:14
But anyways it goes on to say So what now I'm accumulating.
29:18
I'm accumulating Bitcoin between 85K and 76K.
29:22
The bottom line is 76 K, no weekly close before below that
29:26
and we hold that this is still a standard bull market correction.
29:30
I'm not selling, I'm extending my timeline.
29:32
Updated exit strategy. Price target 200 K plus possibly
29:37
300K. Timeline shifted to mid 2026.
29:41
Trend break. Watch the 50 week SMA and not
29:45
the 20 week EMA. Bitcoin is more volatile this
29:48
cycle. Don't use old playbooks.
29:50
This cycle isn't over, it's delayed.
29:53
QE is coming. Liquidity will return.
29:56
Bitcoin will move faster, longer.
29:59
This correction was painful but it's setting up more upside in
30:02
2026 than we expected in 2025. So I mean, I don't know, I don't
30:09
know, but I thought it was interesting to talk about it.
30:12
I read the entire thread last night.
30:13
I was fascinated. I was like, oh, the, the our
30:16
audience would absolutely love it when we read it.
30:19
And it's all about connecting the dots, right?
30:22
So if you just saw this on itself, it would I would, you
30:27
can make an argument that it means a whole lot of nothing.
30:29
But if you connect it with what the Bitwise CEO is saying about
30:33
two 100K, if you connect it to what Arthur Hayes is saying
30:36
about how important just general global liquidity is to the price
30:41
of Bitcoin. And if you connect it to the
30:43
general consensus that the Fed is going to finish its pivot
30:48
Midsummer, he's basically saying the same things that a lot of
30:52
these other people are saying. And I do agree with them on one
30:55
fundamental level. And that's because, like, if you
30:57
look at the genesis block of Bitcoin, it literally talks
31:02
about money printing. It says chancellor on the brink
31:04
of the second bailout for banks. I think money printing and of
31:09
course adoption, but money printing, I, I think that is a
31:13
big component of what drives the price of Bitcoin these days.
31:19
You know, Arthur Hayes says, like, look, it's all about
31:22
global liquidity. Like, you know, is it, is it
31:24
down or is it going up? It's been, we've been in a QT
31:27
environment for a while now, right?
31:30
And that's kind of the reality. And I think that's why Bitcoins
31:33
price has underperformed this cycle compared to previous
31:36
cycles. Now, does that mean the cycle's
31:38
over? Does that mean we've peaked
31:40
perhaps? Or does that mean that the cycle
31:42
is just delayed? I mean, I would like to say it's
31:46
just delayed, but maybe I'm just, maybe I'm seeing things
31:51
that are not there. Could you put up that that that
31:53
comment by our boy Vendetta in the chat?
31:55
I wanted to read it. Vendetta says there are way too
31:59
many ignorant and emotional people in the market.
32:01
Bitcoin is still immature. Huddle and be patient while the
32:04
clueless get wrecked. I think that's some very, very
32:07
good advice. By Vendetta we have salty
32:11
apologist. He says bottom line, Bull Run
32:13
hasn't started By the summer we go ballistic.
32:18
Jack Nuts says you may as well read.
32:21
He leaves, my guy, and Thomas Martinez says let's hope so.
32:26
Until then, cheap SAT. So again, no one really knows.
32:31
No one really knows if the cycle is off or dead.
32:34
We can definitely say for certain this is uncharted
32:37
territory. We've never been here.
32:39
I think that has to do with the overall just general macro
32:42
environment, A lot of uncertainty in the markets.
32:45
Everyone has gotten every single prediction wrong.
32:48
This market, which is how the market should be, they generally
32:52
tend to do the exact opposite of the general consensus is.
32:56
So yeah, I mean it is exciting times and it does give things
33:00
for me and Opti to talk about. Opti, what are your thoughts on
33:03
all this brother? Yeah, so my, my first thought is
33:07
like I, I, I want to believe I I'm in my full molder stage now.
33:11
Like I really want to believe. I really would like to see a
33:14
2026 kind of top and then that would mean probably a lower bear
33:19
market. So no longer 8070%, you know,
33:23
drawdowns and that I think would line up to what we kind of are
33:27
feeling. It's more like a gut feeling
33:29
that this cycle does feel different.
33:31
It like all the good news, the fact that Bitcoin kind of has
33:34
hit the the global stage now and we're no longer just like, you
33:38
know, a dark corner on the Internet.
33:41
It does. That's kind of what my feeling
33:43
is. But you know, this is just a gut
33:44
feeling. I've been wrong before.
33:46
I'm open to being wrong again. Maybe we do see a RIP in 2025.
33:50
But this does remind me to a conversation I was having.
33:54
I forget who it was I was with like Jacob and Stefan Libera and
33:56
someone else. And we were at bitlock boom.
33:58
And we, we were kind of trolling Stefan because we, we look at
34:02
his Twitter and it's like, dude, Stefan, you've kind of been a
34:04
wet blank. And he's like, I've been a
34:05
realist here. And the whole conversation was
34:08
basically a gist of of the diminishing returns mean we've
34:12
been seeing for a long time. And everyone's kind of saying
34:15
like diminishing returns. That seems like the consensus
34:18
right now is, hey, if you look at all the cycles, it has been
34:21
diminishing returns. And, and I do have it here.
34:23
Let me let me pull it up for you guys.
34:25
But I do like this idea that cycles are broken.
34:29
It would kind of play into this idea that we are in a new
34:33
paradigm here. This is a whole like we've
34:35
entered a new era in Bitcoin. So if you look at this, which
34:39
one is this? I'm I'm super color blind here.
34:41
So what blue is a 2012 bull run. We're still kind of lining up to
34:47
potentially seeing some kind of RIP, but even if we do get a
34:50
blow off top, it is going to be a delayed bull run.
34:53
Then of course, which one is this green one, 2021, you know
34:57
that one was disappointing double top.
34:59
And then of course the 2017 that bull run was after or the blow
35:04
off top was after the 2014 or 2013 top.
35:08
So anyways, the reason I'm pulling this up is you can see
35:11
here this cycle and obviously it has seemingly been a
35:15
disappointment, even though in the face of all the good news,
35:18
but it does seem like we are seeing one maybe diminishing
35:21
returns, but 2A delayed top. And if we do see a delayed top,
35:25
I think it would kind of lean into a lot of the things we've
35:28
been seeing in Bitcoin and we've been talking about on the show
35:31
for a long time that hey, things are different now.
35:34
And it might be that Bitcoin is kind of caught up in a in a
35:37
bigger macro cycle right now. And that would necessarily mean
35:41
that, hey, if Bitcoin does have a it's next blow off top, like
35:44
it would be a delayed bull run. As of now, it seems like no
35:47
matter what, we are going to get a delayed blow off top.
35:50
So whether that means diminishing returns here, we
35:53
don't really know yet. Does that mean that we're
35:55
probably going to see a delayed bull run?
35:57
It's seemingly like that is the case here that we are going to
36:00
see a delayed bull run considering the old cycles.
36:03
But you know the what's the, what's the meme?
36:05
All models work until they're broken or whatever, whatever the
36:09
meme is. So I'm, I'm kind of been leaning
36:11
towards delayed blow off top here.
36:15
Would I like to see that go into 2026?
36:17
Yes, because that would mean that we have fundamentally
36:20
broken the cycle theory. I don't think cycle theory is
36:22
necessarily over, but if we see a 2026 blow off top, not only
36:27
would that mean a delayed bull run, but I think that would also
36:30
mean probably a tampered bear market and that would be
36:33
extremely bullish in in regards to Bitcoin volatility and
36:37
actually Nico I, I don't know if we're pulling it up.
36:39
I, I don't think we are, but if we were going to, I don't want
36:43
to, I don't want to blow the, the meme here, but you know, a
36:47
lot of people say that Bitcoin is too volatile, while in the
36:49
last week we've seen Bitcoin be less volatile than the S&P 500.
36:53
So I don't know if we have that chart later, but I could pull it
36:55
up here. If we might.
36:57
We might, we might pull it up later.
36:58
So I'll wait for it and then we can pull it up later.
37:01
But we're starting to see different market structures now.
37:03
And I think that is just a credence to this idea that
37:07
Bitcoin is maturing in real time.
37:08
And like all the news, especially the the beginning
37:11
news story, Bitcoin is starting to be looked upon as a mature
37:17
asset, a mature store value. And we've we've fundamentally
37:20
entered a new era. And so the fact we have all this
37:23
bullish price or sorry, this bullish news around Bitcoin is
37:27
very interesting considering that the price hasn't started
37:30
ripping. But I think this next story
37:32
we're going to talk about might lean into some of those rumors
37:36
and and concerns around why Bitcoin hasn't ripped AKA paper
37:41
Bitcoin. So, you know, people are saying
37:42
obviously manipulated. I mean, guys, it's just simple
37:46
supply, demand economics. There's just more sellers than
37:49
buyers right now. Let's let's just keep it very
37:51
simple. So, you know, yeah, like Thomas
37:54
Martinez said, a truly free market is volatile.
37:57
Yeah, we got a super chat from Picasso, EDF.
38:01
The glitch says volatility isn't just tolerated, it's engineered.
38:05
It's the perfect smoke smokescreen for smart
38:07
accumulation. Well, appreciate the $5, dude.
38:10
Thank you so much. Appreciate you supporting the
38:12
show, guys. We have a hell of a show lined
38:15
up for you guys. We're going to be talking about
38:17
how BlackRock is moving custodian or at least moving
38:20
part of their Bitcoin that was custody with Coinbase.
38:23
They moved it. It's official.
38:25
The news broke. And what's really interesting
38:27
too is when these rumors first started being talked about, me
38:32
and Opti were actually covering it back in September of 2024.
38:36
Some very important and well known people in the space were
38:40
actually shutting it down and say, no, that's not true, that's
38:43
just a rumor, blah, blah, blah, blah, blah, blah, blah.
38:45
Well, it turns out, I mean, there was some truth to it
38:48
because why would they move it, right?
38:51
Why would BlackRock move some of their custody Bitcoin?
38:53
And I would say this is a good thing.
38:55
You don't want just one big custodian.
38:58
What about paper Bitcoin? What about rehypothecation?
39:01
I had Lair Laparde and Caitlin long on simply Bitcoin like a
39:05
year ago and I asked him. I said, like guys like, what are
39:08
you the most concerned about? They're like rehypothecation
39:11
because like the whole problem that Bitcoin solves where gold
39:14
failed was because of gold's physical characteristics.
39:19
It led to a centralization of the custody of gold.
39:25
The awesome part about Bitcoin is the fact that an individual
39:29
can take custody of 1,000,000 billions, trillions of dollars
39:34
in the comfort of their own home with a hardware wallet or with a
39:37
wallet. It's not difficult to custody
39:40
Bitcoin and, or, or better said it, it's difficult until you
39:45
learn. When you learn, it's easier than
39:46
sending a wire in my opinion. So you know, the, the, the thing
39:52
that Bitcoin solves is the ability for millions upon
39:54
millions of individuals to custody their wealth effectively
39:58
and efficiently without the necessity of relying on an
40:02
intermediary. That's what Bitcoin does, having
40:06
all these ETFs, including Sailor's stack with one big
40:11
giant custodian. Is going back to the trust me
40:15
bro model. It's like trust me bro.
40:18
That's what Brian Armstrong is saying like we're not selling
40:21
vapor Bitcoin. We're not re hypothecating it.
40:24
You know, we're these institutions, these ETFs sailor
40:28
has the Bitcoin that they say he does.
40:30
It's they're in cold storage. Like why don't they make it
40:33
public? They can make it public like
40:36
they can make AI mean El Salvador has made their reserve
40:39
public. Anyone could audit El Salvador's
40:42
reserve at any time. Why isn't that same like
40:47
philosophy applied to these? It's so easy.
40:51
You can do it with the Bitcoin blockchain.
40:53
It's an open Ledger. Why don't they do it?
40:55
Anyways, we have a lot to talk about guys.
40:58
But before we jump into it, make sure to smash that like button.
41:01
We just broke 557 live viewers on YouTube.
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We smash through 200 likes. Help us break 300 likes by the
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If you guys are enjoying today's show, we'll be right back.
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We're going to hit the new segment.
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Alright everybody, let's go. Oh, or maybe not, maybe not.
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I think the sale might still be on.
44:30
Don't, don't quote me on that one, guys.
44:32
But is it still? 20%, that's what Jacob said this
44:35
morning. So oh, that was yesterday.
44:36
Maybe that was yesterday. My bad.
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Absolutely, 100%. All right, everybody, let's get
44:47
to today's news. So we're gonna be talking about
44:51
we're going to be talking about Coinbase BlackRock paper Bitcoin
44:54
spot ETF rumours. So let's get into the thick of
44:58
things. Coinbase's America's largest
45:01
crypto exchange, and BlackRock, the world's premier asset
45:04
manager, have found themselves rooted in a new conspiracy
45:08
theory. Skeptics are spreading
45:10
unsubstantiated rumours that Coinbase may actually be buying
45:13
the real Bitcoin requested by ETF funds, but instead issuing
45:17
what they call paper Bitcoin IO US.
45:20
These rumours spread far enough on social media platforms to
45:23
warrant a response from Coin Base CEO Brian Armstrong.
45:27
All ETF mints and burns will process ultimately settle on
45:31
chain, it goes on to say. But conspiracy theories got new
45:35
ammo when BlackRock filed an amendment to its ETF
45:38
registration with the SEC that requires Coinbase to release
45:42
Bitcoin to the asset manager within 12 hours of notice.
45:46
When customers buy shares of its Bitcoin ETF product, it says
45:50
quote. This isn't like FTX where you
45:53
just throw up an exchange out of nowhere and some buffoon is
45:57
running it from a Bahama penthouse.
46:00
I mean, then why did BlackRock change the ETF?
46:04
And the breaking news of today is why did BlackRock decide to
46:09
move at least some of its Bitcoin to a new custodian?
46:12
So here's the breaking news. BlackRock has a new Bitcoin
46:15
custodian besides Coinbase. It goes on to say the world's
46:19
largest asset manager added Anchorage Digital Bank as the
46:22
custodian of its Bitcoin holdings on April 7th.
46:26
Since the crypto exchange Coinbase is already the primary
46:29
custodian of Blackrock's Bitcoin ETF, Anchorage will be the
46:33
trust's additional custodian. The asset manager has entered
46:37
into a custodian services agreement with Anchorage.
46:41
As per its form AK filing with the SEC, BlackRock will not move
46:46
any Bitcoin to Anchorage immediately, the asset manager
46:49
confirmed. As per the agreement, Anchorage
46:52
is required to keep all of its private keys associated with
46:56
Blackrock's ETF Bitcoin it's holdings in cold storage.
47:00
Cold storage refers to storage private keys offline, away from
47:04
the Internet, to protect them from hacks, scams, malware and
47:08
other online threats. The agreement also requires
47:11
Anchorage to maintain insurance policies and coverage.
47:15
BlackRock said it took the decision to add Anchorage as a
47:18
secondary custodian of of its I bid holdings as part of its
47:23
ongoing risk management approach due to the ongoing size of the
47:26
trust. Anchorage digital bank is a
47:29
federally chartered crypto bank that received approval from the
47:32
office of the Comptroller of the currency in 2021 in September
47:36
2024, entered into agreement to offer custody to arcs 21 shares.
47:41
Bitcoin ETF Most Bitcoin ETF issuers have chosen chosen
47:46
Coinbase as their custodian. So I mean I think this is a
47:49
great thing. I think this is a step in the
47:51
right direction. Does it fixed everything?
47:53
No, obviously you'd want all these ETFs, all these
47:56
institutions, all these publicly traded companies taking self
48:00
custody of their Bitcoin. But I I guess there come there's
48:04
a lot of responsibility that comes into that comes with that.
48:07
You know Jack Dorsey has done an incredible job kind of releasing
48:11
a lot of the kind of self custody solutions, making them
48:14
open source. So making it easy for a lot of
48:16
these companies to adopt them. But you know, it seems like it
48:21
seems like, you know, looks like we lost Nico to.
48:28
The Puerto Rican power surges. Hopefully I'm not cutting them
48:33
off. Am I cutting them off?
48:35
Is he back? Nico, you back?
48:38
Yeah, you're back. All right, let's dude this power
48:47
and where Nico is is absolutely. Puerto Rican Internet bro.
48:55
So yeah man, God damn it. I don't know why it's so spotty.
48:59
It sucks the power just anyhow. So OK, what are your thoughts on
49:06
this bro? Well, I mean, I've been saying
49:09
this for, well, there's, there's a couple of thoughts here.
49:11
First of all, obviously as Bitcoiners, ever since the ETF
49:15
has kind of, you know, hit the market, we've all been wondering
49:19
is there a lot of big or paper Bitcoin out there?
49:21
Obviously that's kind of the leading consensus or the leading
49:26
conspiracy theory, whatever you want to call it right now that
49:28
there is more paper Bitcoin in the space.
49:31
We've obviously seen this scenario play out in the past
49:34
and even Eric Balcun has kind of mentioned it in that earlier
49:37
report about FTX. Now, I've been a little lenient
49:42
on Coinbase in the sense that I don't think they'd do something
49:46
this dumb as to issue more paper Bitcoin then they actually hold
49:50
Bitcoin. But there is a very good case to
49:53
claim that Coinbase probably doesn't have all the Bitcoin
49:58
that they claim they do. They probably have enough cash
50:01
to essentially acquire all the Bitcoin they have, which is a
50:04
very interesting little wrinkle here.
50:06
But I think this is a very good thing.
50:08
Obviously, you know, there's a there's a lot of, there's a lot
50:11
of people that don't like BlackRock.
50:13
When BlackRock kind of came into Bitcoin, it was one of those
50:16
things where it's like, OK, like Uncle Larry, pump our bags, but
50:20
on the on the backside, like you can make a case that BlackRock
50:23
is behind a lot of the bad things in the world.
50:25
So it's kind of a double edged sword here.
50:28
And obviously I think this is good for for any of the ETFSI
50:32
think they should all be diversifying their Bitcoin
50:35
custody. You don't want it all in one
50:37
honeypot, whether it's Coinbase or anyone else, because then
50:40
that just makes it a very big treasure for people to hack.
50:45
But I think this is great. I think this is very great.
50:49
And of course, like, I don't think Coinbase nor BlackRock
50:52
would be dumb enough to issue more paper than their Bitcoin.
50:55
I know they could get greedy and what's the saying, you know,
50:58
ahead of their skis here. But if Coinbase did blow up and
51:02
have more paper Bitcoin than Bitcoin, that would be extremely
51:05
bad for this whole space. So I don't want this to happen
51:07
at all. I think it's very, very
51:09
important that ETF custodians, or rather the ETF issuers do
51:13
have various custodians. They diversify who who custodies
51:17
their Bitcoin. I think this is extremely good,
51:19
but in general, I don't think BlackRock is going to
51:22
necessarily kill the golden goose here.
51:24
This is the best performing ETF ever.
51:26
I don't think they're going to do anything at least this early
51:29
to mess up that golden goose. And Bitcoin is a totally
51:32
different paradigm. So on the one hand, this is very
51:35
good. And on the flip side of the
51:37
coin, I think it would be extremely detrimental if we did
51:40
find out that this was like the Canary in the coal mine and
51:43
they're leaving Coinbase because they know something we don't
51:45
know. But you know, this is a great
51:47
move. I'm very I'm, I'm applauding
51:50
this move. Obviously we would probably want
51:52
to see a lot more transparency from BlackRock or all of these
51:55
ETF issuers so that we can see, you know, like a proof of
51:59
reserves type scenario. But I think this is great and I
52:02
don't think as much as Brian Armstrong does get hate and I've
52:06
been saying, you know, he's the enemy of Bitcoin for a long
52:08
time. I I do think he's a bitcoiner
52:10
and I don't think he's going to mess, mess this move up.
52:14
He you could argue he already kind of messed up in the past by
52:16
not acquiring as much Bitcoin as Michael Saylor.
52:18
So I think this is great. I don't think there's
52:21
necessarily anything nefarious going on in the back end, but
52:25
what do we know? We we're just seeing the data
52:27
come out that hey, Black Rock is diversifying their custodians.
52:30
This is awesome. Yeah, 100%.
52:33
I mean, there's definitely, there's definitely, there's
52:37
definitely some good news to this for sure.
52:40
You know, you obviously you want more custodians.
52:43
You don't want, ideally you want more individuals taking self
52:46
custody. Just be blunt here because
52:49
that's the truth. But I mean, I think this is
52:51
better than nothing, to say the least.
52:53
So anyhow, anyways, guys, we're going to get to the culture
52:56
segment. We still have a lot to talk
52:58
about. We're going to be right back in
53:00
just a second. Smash the like button.
53:03
If you guys are enjoying today's live stream, we're at 2500 live
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All right, everybody, we are back Opti.
55:13
What do we need to talk about during the?
55:14
Yeah, here we go. So we've been making the case,
55:17
and a lot of Bitcoiners have been making the case as well,
55:20
that we are seeing a power struggle in the US right now,
55:23
the Trump administration and the Treasury fighting Jay Powell and
55:28
the Fed. And the struggle we're seeing is
55:30
essentially they're trying to rein in the Fed.
55:33
And we've been seeing a lot of this happen lately.
55:36
Here's a tweet or a truth post, truth social post, whatever you
55:40
guys call it on April 4th from Donald Trump.
55:42
But this is from Twitter because I can find the same 1 He he he
55:45
post a lot anyways. Donald Trump on true social post
55:48
April 4th 2025. This would be a perfect time for
55:51
Fed Chairman Jerome Powell to cut interest rates.
55:53
He is always late but he can now change his image and quickly.
55:57
Energy prices are down, interest rates are down, inflation is
55:59
down, even eggs are down 69% lol and jobs are up all within two
56:03
months. A big win for America.
56:05
Cut interest rates Jerome and stop playing politics.
56:08
Now talking about politics, we did get this coming out
56:12
yesterday that Trump is asking the Supreme Court to let him
56:16
fire top agency officials. And here just the summary.
56:19
President Donald Trump has asked the US Supreme Court to allow
56:22
him to immediately fire top officials at 2 independent
56:24
agencies. The case is testing a 90 year
56:27
old Supreme Court ruling that lets Congress shield
56:30
high-ranking officials from being fired by the president.
56:32
The outcome could determine whether Trump has the power to
56:36
fire Federal Reserve Chair Jerome Powell and could also
56:39
impact the job security of other agency officials.
56:42
So I think that that theory at now is I guess a fact that there
56:48
is a war going on between the Treasury and the Federal
56:53
Reserve, which I think would be a great thing for everyone
56:56
around the world. You know, we always say and the
56:58
Fed, we've been playing you clips about Trump mentioning
57:00
1913, what what happened in 1913, the creation of the
57:04
Federal Reserve. We've been playing you the clip
57:05
of Elon Musk saying his favorite thing to say is and the Fed.
57:08
So I think that's no longer necessarily a theory.
57:11
I think we we can very clearly say there is a power struggle.
57:14
Whether you think what Scott Besson is doing is planned or by
57:18
accident, whether they're playing a game of chicken, you
57:21
are starting to see that this game is playing out.
57:23
Is everything going by plan? Who knows, But this is where we
57:27
are right now. I think this is a complete fact
57:29
at this point. Now moving forward, like I said
57:32
earlier, we are getting inflation numbers today and
57:35
Trump this morning tweeted just out inflation is down in all
57:39
caps. So let's look at some of this
57:42
stuff. We have Donald Trump junior also
57:44
saying breaking inflation drops to 2.4% for the month of March,
57:47
lower than the expected 2.5%. And core CPI inflation falls
57:51
below 3%, the lowest since March 2021.
57:55
Promises made, promises kept in here you can see a little chart
57:58
from CNN. And going further, David Sacks,
58:01
the cryptos are time for a rate cut.
58:03
Obviously, we'll see next week what Jay Powell does.
58:07
I think we're all in anticipation.
58:08
Well, US bit corners are just kind of chilling and hanging
58:11
out. It's just going to make for some
58:12
more fun and some fireworks. But everyone that's watching
58:15
macro markets or yeah, the macro global markets right now are
58:18
essentially waiting to see what Jay Powell is going to do, is
58:21
going to cut rates, is going to keep them normal.
58:24
I doubt he'll raise them. But anyways, as a big corner,
58:27
you know, we have a huge problem with the CPI.
58:30
It is manipulated data. We, we constantly talk about it.
58:34
We constantly show that, hey, those numbers are probably not
58:38
real. Well, I was trying to search up
58:40
for you guys and I have shadow stats here, but it's not
58:44
updated. So I this one's just in 2023.
58:47
But if you were using shadow stats, we've been using this
58:50
site on the show for a long time, you'll know that there is
58:53
the actual inflation and then the number that they roll out in
58:56
front of you, which is CPI. And again, this is old data.
58:59
I couldn't find the newest data for you guys.
59:02
But on the street, the rumor or rather the consensus and kind of
59:07
like the, the the unspoken truth here is that CPI or inflation is
59:12
a lot higher than the actual CPI numbers they roll out.
59:15
And here in the past, you can see kind of the difference.
59:17
Arguably it could be, you know, 2/2 times higher than what it
59:21
is. But looking at truth flation,
59:23
which is like the best thing I can do right now to get you guys
59:27
what the real inflation rates are, they tweeted this morning
59:31
CPI. Today is CPI day.
59:32
We expect inflation of 2.5% while the market expects A
59:36
inflation rate of 2.6%. So you know, I technically it is
59:40
down I suppose. And if you go to the website,
59:43
you can see that the year on year change updating daily of
59:46
the real inflation rate is 1.34%.
59:49
Let's see what it says here or 1.4% as of April 8th.
59:53
You know, that's, that sounds really good.
59:55
We're, we're seeing maybe if you believe the official narrative,
59:59
inflation got under that 2% rate that they've been working for,
1:00:03
which you know, as David Sacks is saying, it's a good time for
1:00:06
Jay Powell to cut rates. Now comparing this to Bitcoin,
1:00:09
we bring this metric up to you guys constantly.
1:00:12
The realized monetary inflation for Bitcoin is .87%.
1:00:15
So even if the inflation rate of dollars is, you know, under 2%
1:00:20
or roughly around 2%. Bitcoin is still the strongest,
1:00:25
hardest, best money, period. This is where you should be
1:00:28
storing your value. If you are storing your wealth
1:00:31
in dollars or even treasuries, you are getting absolutely
1:00:35
wrecked, as Parker Lewis laid out in this tweet this morning
1:00:39
as well. People who distinguish between
1:00:41
U.S. Treasuries as a reserve asset
1:00:43
and the dollar as a reserve currency are also wrong.
1:00:46
Any currency is an asset. People hold treasuries rather
1:00:49
than dollars because they have a nominal yield in dollars viewed
1:00:52
as quote riskless. But that isn't true, as
1:00:55
demonstrated by losses suffered by long term treasury holders
1:00:58
over the past three years. The dollar has stored value
1:01:01
better than treasuries and both have have lost value.
1:01:04
And this is the crux and I think this is a good way of summing
1:01:08
and putting a bow tie on everything we've been saying
1:01:09
today. The market is figuring this out
1:01:12
and that's a problem for the Fed that your dollars, your
1:01:14
treasuries, whatever it is, is losing value and there is
1:01:18
something better. And This is why the Scott Besson
1:01:21
news, or rather his hinting towards Bitcoin being the best
1:01:24
store of value is very interesting because it does seem
1:01:27
like the market is figuring out that, hey, if you are holding
1:01:29
treasuries or Fiat dollars, you are losing value year over year.
1:01:34
And you know, you guys have been yelling at me about memes on
1:01:37
here, so I had to put one in here for you guys.
1:01:39
Shouts out to our boy, Big Sean Harris.
1:01:41
And to you, Sean, it was good to see you in Dallas.
1:01:43
We have a classic meme. Which way western man?
1:01:46
You have lid old in here, taps mic, clears throats.
1:01:49
Nothing is stopping this train. And then we have Anthony
1:01:52
Pampalano on the right side which is the you know the fear
1:01:55
and nightmare scenario. March CPI just fell to 2.4%.
1:01:59
Inflation is falling off a clip. So which way western man is the
1:02:03
CPI numbers correct? Is nothing stopping this train?
1:02:08
We all know where this all ends up at.
1:02:10
They have to inject liquidity into the system.
1:02:13
The system is running on fumes. As Larry Leopard has been saying
1:02:16
forever since the book came out, the big print is on its way.
1:02:19
Do we know when? Not necessarily.
1:02:22
Are we getting closer to the big print happening?
1:02:24
After what we saw over the weekend and this week, it is
1:02:28
looking very likely that we are getting closer to the big print.
1:02:31
And as we constantly cover, the more they print dollars, the
1:02:35
higher Bitcoin price will go or the more they print free out,
1:02:38
the more liquidity that gets injected into the system, the
1:02:40
more bitcoins going to go up. So which way Western man, do you
1:02:43
want to hold something that loses value year over year or do
1:02:46
you want to hold something that gets stronger year over year and
1:02:49
stores your wealth better than anything else?
1:02:51
So, you know, they can roll out these official CPI numbers or
1:02:54
quote, quote UN quote, official CPI numbers.
1:02:57
But as we all know in Bitcoin, the only real data, the only
1:03:01
real information, the only signal in the system right now
1:03:05
is what's going on on Bitcoin. The time chain itself, the
1:03:08
Bitcoin quote UN quote blockchain is the only real data
1:03:12
that you can base your reality off of.
1:03:14
It's the only real measure of value that we have.
1:03:17
Everything else is manipulated. Everything else is fake.
1:03:20
You know, it sounds good on paper.
1:03:21
Trump's, you know, boasting about inflation being down.
1:03:25
You know, have fun with your Fiat.
1:03:26
I'm storing my wealth in Bitcoin.
1:03:29
You should too. This is the way.
1:03:30
This is how you make sure and ensure you succeed in this
1:03:34
global trade war, this new digital reality we find
1:03:37
ourselves in. There is digital scarcity, and
1:03:40
you need to buy some now. You need to store your wealth in
1:03:43
it today. This is the only way to win
1:03:47
anyways. Yeah, as wait, hold on.
1:03:50
Sorry you guys went a little faster.
1:03:52
Higher callings. It's a scam.
1:03:54
The whole narrative. Yes.
1:03:56
Buy Bitcoin, store Bitcoin, take it into custody.
1:03:59
The printers are destined to come.
1:04:02
Yeah, 100%. I mean, dude, first of all,
1:04:04
great, great coverage. I agree.
1:04:07
The, the, the IT reminds me of that meme of Powell, like from
1:04:12
like Game of Thrones, like the, the the printer is coming.
1:04:16
Yeah, that's, that's my take on all this.
1:04:18
That's that's my $0.02. Can we can we find that one Jay
1:04:23
Powell meme with the like anime music and he's turning on?
1:04:28
This is coming. Oh, I know you're talking about.
1:04:31
I know you're talking. That might not be that might
1:04:33
give us a copyright hit on here. So maybe we.
1:04:36
Don't the music, the music will, but we could definitely post the
1:04:38
video. But anyhow guys, if you guys
1:04:42
enjoyed today's show, make sure to smash that like button.
1:04:45
Really really appreciate y'all support.
1:04:47
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if you feel like we provided you value I'm your host Nico.
1:05:30
This is April 10th, 2025. This is my legendary Co host
1:05:33
Optimus fields. We're simply Bitcoin.
1:05:35
We'll see you guys tomorrow for a brand new episode.
1:05:38
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