Latest / Simply Bitcoin / You Won't Believe How Wall Street is SECRETLY ATTACKING BITCOIN RIGHT NOW!! | EP 1501

Transcript

You Won't Believe How Wall Street is SECRETLY ATTACKING BITCOIN RIGHT NOW!! | EP 1501 · Simply Bitcoin

• 0:02
  You won't believe what the biggest Wall Street banks were
• 0:06
  planning over the weekend. While we were all distracted
• 0:09
  with Mother's Day with our family, the head of the American
• 0:14
  Banking Association sent an urgent private letter to all
• 0:18
  bank CE OS and in this private letter he is warning all of them
• 0:23
  to attack the Clarity Act before its markup on Thursday.
• 0:27
  So as we were covering last week in regards to the Clarity Act,
• 0:33
  things have fundamentally shifted like on a dime
• 0:37
  basically. I believe it was 2 weeks ago or
• 0:40
  two Fridays ago, we were still very unsure about what was going
• 0:44
  to happen with the Clarity Act. And then last Friday over the
• 0:48
  weekend, we got a very basically 180% shift on what was going to
• 0:56
  happen on the Clarity Act. We all heard it might be coming
• 0:59
  Monday. Now it's official, it is going
• 1:01
  to, or rather the Clarity Act markup is going to happen on
• 1:05
  Thursday with the Senate Banking Committee.
• 1:08
  So this Thursday we are going to see, or rather we, we will all
• 1:14
  be following along if the Clarity Act markup goes through.
• 1:17
  If that does happen, obviously that is a huge advancement on
• 1:23
  the Clarity Act. Now that's just, you know, the
• 1:26
  latest context of what is going on with the Clarity Act.
• 1:29
  And of course, a lot of us, especially me in particular, we
• 1:33
  have been very cynical on what is even in the Clarity Act,
• 1:36
  whether this is going to be good for Bitcoin.
• 1:38
  What is this going to do? Is this going to bring the
• 1:41
  regulatory clarity in quotes that we all expect?
• 1:44
  Will this even be good for the Bitcoin industry?
• 1:47
  Well, we will see Thursday exactly what is going to get
• 1:50
  pushed through. But since the date has been
• 1:54
  officially marked, the banks are in a full blown panic mode.
• 1:59
  They are last minute trying to stop this because of the whole
• 2:06
  contention we've been covering for weeks now in regards to the
• 2:09
  stable coin yield. And now since we have a markup
• 2:13
  date, they are literally doing whatever they can to stop this
• 2:18
  from happening. If the banks are panicking
• 2:21
  around the Clarity Act, you kind of love to see it.
• 2:25
  It's honestly making me a little more bullish on the Clarity Act.
• 2:28
  And I was trolling last week. Remember I was trolling about it
• 2:31
  because we saw Elizabeth Warren start freaking out about the
• 2:34
  Clarity Act and I was, I was like pretty much joking on the
• 2:38
  show. I'm like, this is this is
• 2:40
  starting to make me feel bullish about the clarity Act about what
• 2:42
  is going in in the clarity act. If they are starting to freak
• 2:45
  out, then maybe it'll be a lot better than we thought.
• 2:49
  Now, for everyone else, at least, the kind of reigning
• 2:53
  contention, kind of the leading narrative here is that once the
• 2:57
  Clarity Act goes through, obviously this is the Senate
• 3:00
  Banking Committee. They're going to do their
• 3:01
  markup. The Senate Agricultural
• 3:04
  Committee already did their markup.
• 3:06
  Now, once we get the Senate Banking Committee markup,
• 3:09
  they're basically going to combine this and then it's going
• 3:11
  to go to the president. It's going to get signed into
• 3:13
  law if the banks are freaking out about this.
• 3:17
  It kinda it kinda reminds me why we're here for Bitcoin anyways.
• 3:21
  Anyways, enough context here. Let me give you some context
• 3:25
  here cuz we got a very interesting quote coming out of
• 3:29
  Senator Bernie Marino and this is what he said in respond to
• 3:34
  the letter that I'm going to read for you.
• 3:37
  Here's Bitcoin Magazine quoting it and it goes American Bankers
• 3:41
  Association are desperately trying to stop the Bitcoin in
• 3:45
  crypto market structure Bill says Senator Bernie Moreno quote
• 3:49
  the banking cartel is in a full blown panic mode and are
• 3:53
  demanding bank CE OS to lobby senators and kill stable coins
• 3:57
  or rather kill the clarity act. So let me go into here he and
• 4:03
  and Senator Bernie Marino. He he goes on further in another
• 4:06
  statement basically saying he's I'm voting to break the banking
• 4:10
  cartel. So we're seeing sides being
• 4:14
  built here. OK, so let me pull in the full
• 4:18
  letter here. So what happened is the American
• 4:23
  Bankers Association CEO, Rob Nikos sent a letter yesterday to
• 4:27
  all banking CEOs. Hold on.
• 4:29
  Let me let me zoom in here for you guys and we will read a
• 4:33
  little bit of this. So to the American Bankers
• 4:35
  Association member bank CEOs, First off, happy Mother's Day to
• 4:39
  all the moms receiving this e-mail, and I am sorry to
• 4:42
  intrude on your Sunday man. Gotta love it, he said.
• 4:45
  I'm reaching out to make every bank leader in this country
• 4:48
  aware of an urgent advocacy fight that requires your
• 4:52
  immediate engagement. As you may be aware, the Senate
• 4:55
  Banking Committee has been working on digital asset
• 4:57
  legislation for several months, and late on Friday, the
• 5:00
  committee announced plans to quote markup and vote on the
• 5:03
  Clarity Act this Thursday. This coming Thursday, to be
• 5:07
  clear, we want Congress to put in place digital asset rules and
• 5:11
  establish responsible guardrails for the crypto industry.
• 5:14
  The current version of the legislation, although although
• 5:17
  improved from an earlier version, still does not
• 5:20
  adequately prevent crypto companies from offering interest
• 5:23
  like rewards on payment stable coins.
• 5:25
  Without additional changes, we believe the current proposal
• 5:28
  would unnecessarily incentivize the flight of bank deposits into
• 5:32
  payment stable coins, putting both economic growth and
• 5:37
  financial financial stability at risk.
• 5:41
  They they always do the same thing.
• 5:42
  It's it's our fault. It's the Bitcoin crypto
• 5:46
  industry's fault for the financial stability of the
• 5:50
  traditional financial system. You, you got to love the gas
• 5:53
  lighting. Anyways, going further, it goes.
• 5:56
  On Friday, we joined with other banking trade associations and
• 6:00
  sending a letter to committee members outlining our concerns
• 6:03
  and detailing specific changes needed to strengthen this
• 6:06
  section and protect the bank deposits that help drive the US
• 6:09
  economy. We need your help to drive this
• 6:12
  message home before Senators consider this legislation.
• 6:15
  Please join with fellow bankers across the nation at this
• 6:18
  critical moment by contacting your Senators and asking them to
• 6:22
  close this loophole before the bill moves forward.
• 6:25
  Please and clear encourage your employees to do the same.
• 6:31
  Wow. On Mother's Day, the National
• 6:34
  Banking Association is in full blown panic mode over the
• 6:40
  Clarity Act markup coming from the Senate Banking Committee on
• 6:43
  Thursday. It's absolutely incredible.
• 6:47
  They've literally been fighting the Clarity Act for months and
• 6:51
  now that we finally get a date, they do an all out attack to
• 6:55
  make sure that they are protected.
• 6:59
  The very banks that got a bailout in 2008, the very banks
• 7:04
  that are causing basically everything that we're dealing
• 7:07
  with now are afraid of stable coins.
• 7:11
  Now you know me, I'm not the biggest stable coin guy.
• 7:14
  I understand there is a use case for stable coins, but when you
• 7:18
  understand that traditional banking saving accounts is like
• 7:21
  what, a .38% interest on your savings and a stable coin is
• 7:27
  somewhere around 3 1/2 percent, it's obviously it's very obvious
• 7:34
  that the banks do not want competition.
• 7:36
  Instead of competing on the field, they're asking for a
• 7:43
  Moat. They're they're lobbying
• 7:45
  Congress to stop this because they know that they can't
• 7:48
  compete with this. Is this not is, is the irony
• 7:53
  just not gushing out here? Can we not all acknowledge the
• 7:56
  irony here? Now going further, I saw this
• 8:00
  updated quote here from Patrick Witt, of course, executive
• 8:05
  director, president, Council of advisors for digital Assets.
• 8:08
  And he goes, I specifically requested the attendance of Mr.
• 8:12
  Nichols and other bank trade at the meetings we hosted back in
• 8:15
  February to resolve the stable coin reward slash yield issue.
• 8:19
  They refused. I guess the White House was
• 8:22
  beneath them and their defense. I wouldn't want to have to
• 8:26
  defend their position in public either.
• 8:29
  We're we're, we're seeing, we're seeing the gloves come off
• 8:33
  because the Clarity Act markup is happening on Thursday.
• 8:39
  Now, obviously it doesn't necessarily mean it's going to
• 8:44
  get through. And this is where I'm going to
• 8:46
  bring up Eleanor Terrett's basically her breakdown of where
• 8:50
  we currently stand. OK, So again, you guys know
• 8:53
  Eleanor Terrett, Crypto America, I've been covering her work.
• 8:56
  She's been doing very good work in Washington, DC, covering all
• 9:00
  of the stuff coming out, covering what's happening with
• 9:02
  the Clarity Act. So to me, she's probably the
• 9:05
  best source to fully understand what is going on with the
• 9:09
  Clarity Act. And here is what she posted this
• 9:12
  morning. And she goes take 2.
• 9:14
  The Clarity Act heads to markup in Senate Banking ahead of
• 9:18
  Thursday's pivotal vote. Last minute preparations are
• 9:21
  being made, though a big question remains, will Democrats
• 9:25
  support it? So going down, let's read a
• 9:28
  little bit of it. It's a pivotal week for US
• 9:30
  crypto policy. The Senate Banking Committee has
• 9:33
  officially scheduled the long-awaited markup for the
• 9:35
  Clarity Act, the next step toward passing comprehensive
• 9:38
  crypto market structure legislation into law.
• 9:41
  As Crypto and Americas reported last week, Senate Banking
• 9:44
  Chairman Tim Scott announced the markup on Friday evening,
• 9:48
  scheduling it for this Thursday. According to a committee memo,
• 9:53
  the final legislative text is expected to be released later
• 9:56
  today. So at least we'll get to see
• 9:58
  what's in it today. And senators must submit any
• 10:01
  amendments before close of business tomorrow.
• 10:04
  It's nearly four months to the day since the first Senate
• 10:07
  Banking markup was scrapped over 11th hour objection from
• 10:10
  industry leaders, chiefly, of course, Coinbase.
• 10:13
  We covered all of that. Now it seems like we're we're
• 10:16
  might be in the same scenario just coming from the Banking
• 10:19
  Committee here. So anyways, of course we all
• 10:22
  know Brian Armstrong basically said the bill deferred too much
• 10:25
  to banks and could effectively kill stable corn reward programs
• 10:28
  for consumers. Now in the 11th hour, we're
• 10:32
  seeing from the banks, they're basically saying the same thing.
• 10:36
  If the stable corn rewards goes through that we're, I don't
• 10:42
  know, you know, going to kill the entire banking system.
• 10:47
  We're going to kill savings accounts.
• 10:49
  We we're going to risk the entire traditional financial
• 10:54
  stability because of this rewards.
• 10:57
  It's it's insane. Anyways, Coinbase executives now
• 11:00
  appear content with where talks have landed following months of
• 11:04
  tense negotiations between crypto and banking lobbyists
• 11:06
  trade groups the White House Senate staffers as well as lead
• 11:09
  negotiators. But certain factions of the
• 11:11
  banking sector, particularly those with consumer facing arms
• 11:14
  are still mounting a last minute stand to revise the stable coin
• 11:18
  yield deal ahead of Thursday's planned markup.
• 11:20
  Banking trade group representing some of those institutions
• 11:23
  again, as I showed you sent a Senate Banking leadership a
• 11:26
  letter to Senate Banking leadership on Friday arguing the
• 11:29
  current compromised language still leaves room for reward
• 11:32
  programs that could replicate yield.
• 11:37
  It's all on, it's all in the details, right?
• 11:39
  It's all in the stable coin yield.
• 11:42
  Again, remember, I could have swore that the genius Act was
• 11:47
  entirely based around stable coins and I could have swore
• 11:52
  that the clarity Act was for the broader Bitcoin crypto digital
• 11:56
  asset sector. And yet it seems like
• 12:00
  stablecoins are the biggest concern in the Clarity Act,
• 12:02
  which for many of us, I thought was already settled.
• 12:05
  I thought we already settled that a long time ago.
• 12:08
  Now this seems to be the huge contention.
• 12:12
  This is the one thing that's been stopping it.
• 12:14
  So either the bank executives didn't read what was in the
• 12:18
  Genius Act, or maybe they didn't feel concerned, or maybe they
• 12:22
  felt that in hindsight they could fix what they didn't like.
• 12:28
  Now it seems like it's all coming to a head.
• 12:30
  It seems like this is the final battle.
• 12:33
  And further, from what I've been reporting on the show and from
• 12:36
  what I could see, I thought we had gotten this all figured out.
• 12:41
  So I guess now that we have a markup date, full blown panic is
• 12:47
  happening from the banks, especially these consumer facing
• 12:50
  banks. But who knows, right?
• 12:53
  You know, maybe, maybe it's maybe this is just for the
• 12:57
  benefit, you know, protection of the customer.
• 12:59
  Maybe this is for you. Maybe they're fighting for you.
• 13:03
  I highly, I highly doubt it. Anyways, let me read a little
• 13:07
  more quotes here. Quote.
• 13:10
  We believe that committee members may not be fully aware
• 13:12
  of the risk to the economy posed by the stablecoin loophole.
• 13:15
  Your immediate engagement can make a difference going further,
• 13:20
  and this is probably the key point here for what we're going
• 13:25
  to see happen on Thursday is where is this?
• 13:30
  Here we go. So the good news for the crypto
• 13:32
  industry in the banks that want to finally get access to crypto
• 13:35
  is that the bill can still advance out of committee on a
• 13:37
  partisan vote. But opinions are mixed on
• 13:40
  whether that may ultimately weaken its chances in the full
• 13:43
  Senate. Some like Alex Orange shouts to
• 13:45
  Alex Thorn of a Galaxy digital bitcoiner.
• 13:49
  Awesome dude. Believe a strictly GOP committee
• 13:52
  vote could make it hard in order to secure the Democratic support
• 13:54
  needed to reach the 60 vote threshold on the floor.
• 13:57
  Quote While it's possible the bill could still succeed if it
• 14:00
  advances through Senate Banking on a partisan basis, the odds of
• 14:03
  ultimate Senate passage are certainly diminished if no
• 14:06
  Democrats vote in favor during committee markup on Thursday.
• 14:09
  Others are less concerned, arguing the remaining issues can
• 14:12
  be worked out before the legislation reaches the Senate.
• 14:15
  Quote. There's been a lot of pessimists
• 14:17
  throughout this process at every stage.
• 14:19
  This bill would be dead by now if there wasn't bipartisan will
• 14:22
  to get get it done. Every outstanding issue is very
• 14:25
  surmountable so long as that will remains.
• 14:29
  So let's see what happens on Thursday.
• 14:31
  All right, guys. So this is the latest update on
• 14:34
  the Clarity Act. Now what is interesting is as
• 14:39
  you guys know, we have been covering what Senator Lummis has
• 14:43
  been saying and she's been very vocal on the idea that there is
• 14:46
  bipartisan support. And I think that last quote
• 14:49
  really does highlight the fact that if there wasn't bipartisan
• 14:52
  support for this, it probably would have been dead a long time
• 14:55
  ago. Now with that being said, as you
• 14:58
  guys know, I have been very pessimist.
• 15:00
  I've been pessimistic fields in regards to the Clarity Act
• 15:03
  actually going through because it's been getting getting
• 15:06
  delayed. Like I thought we were going to
• 15:08
  get this in January, right? It seemed like they just tried
• 15:12
  to kick the can down the road and run out the clock.
• 15:16
  And yet we finally got a date. So I think it does show that
• 15:21
  there is a will to get this pushed.
• 15:23
  As we all know, President Trump is very vocal about the fact
• 15:27
  that he wants to get the Clarity Act passed.
• 15:29
  He's been very vocal on the idea that the US is going to be the
• 15:33
  superpower of the world in terms of Bitcoin or crypto.
• 15:37
  And so I think a lot of the political pressure coming from
• 15:40
  the Trump administration has obviously gotten everyone to be
• 15:46
  like, OK, we we got to get this through though.
• 15:48
  As you know, there is a very strong biased against anything
• 15:52
  Trump does from the Democratic Party.
• 15:54
  But there has been some dissenting views from the
• 15:57
  Democrats. Again, it's not a monolithic
• 16:00
  entity. They, they don't all get the
• 16:03
  same marching orders, or rather they don't all follow the
• 16:06
  marching orders is probably a better way of saying this.
• 16:11
  But we do know that there are a lot of people that, you know, in
• 16:16
  spite of Trump, basically vote against anything that the Trump
• 16:19
  administration wants to do. With that being said, again, we
• 16:25
  got the Senate Agricultural Committee's markup that went
• 16:29
  through. Now we're going to see what
• 16:32
  happens on Thursday with the Senate Banking Committee.
• 16:35
  If they vote on it and that goes through then from my
• 16:40
  understanding they will combine the 2 that will try to get a
• 16:44
  full Senate vote. If that happens, then Trump will
• 16:48
  sign it into law and we'll see if the capital comes off the
• 16:53
  sideline and starts to pump the Bitcoin price.
• 16:57
  That is kind of the prevailing narrative right now that
• 17:00
  essentially the institutions, the banks, the retail
• 17:04
  institutional investor may be the person that isn't fully
• 17:08
  orange pilled, fully convinced a Bitcoin or rather maybe a little
• 17:12
  or uncertain about what this Bitcoin thing or crypto digital
• 17:16
  assets industry is going to do are waiting for the regulatory
• 17:20
  clarity before they can actually deploy their capital.
• 17:23
  Now, of course, this isn't just a narrative trench warfare game.
• 17:29
  There is some legal, some legalities here that obviously
• 17:33
  once the clarity Act goes through, they will finally be
• 17:36
  able to get their capital into Bitcoin.
• 17:37
  So that's the latest update. Now to give you a little more of
• 17:42
  an update, obviously we have been covering the Poly market
• 17:46
  odds. Now we did see some very
• 17:48
  interesting stuff happen over the weekend in regards to the
• 17:50
  Poly market odds to the Betty markets and we covered it a
• 17:53
  little bit on Friday. It rose as high as 71, obviously
• 17:58
  what it was at like 40% last month.
• 18:01
  A few weeks ago it rose to about 69%.
• 18:06
  It got as high as 71 I believe and then it almost hit 75%
• 18:11
  chance of passing over the weekend until Sunday.
• 18:15
  And now we are currently at a 65% chance that it goes through
• 18:19
  at least again according to the betting odds.
• 18:21
  Now, I they don't put too much weight in the betting odds, but
• 18:26
  it does, it does show you where a lot of people's heads are at.
• 18:30
  So it is oh wait, sorry, I didn't pull it up.
• 18:33
  It does show you kind of what the prevailing narrative is.
• 18:36
  Again, it got as high as almost 75% over the weekend.
• 18:39
  And then the news broke that the banking association is panicking
• 18:45
  in regards to the Clarity Act passing.
• 18:47
  They they are doing a full blown full court press lobbying
• 18:52
  against Congress to try to get what they want in the clarity
• 18:57
  act. So look, I am I it I'm almost
• 19:02
  sounding giddy right now like I'm I'm hearing myself in my
• 19:05
  headphones and it seems like I I'm getting excited.
• 19:08
  Also, I might have drinking a little too much coffee this
• 19:11
  morning. Guys.
• 19:11
  I was like low key jittery before the show, but I don't
• 19:15
  know if I'm giddy because this story or is it just too much
• 19:18
  caffeine. But it does show to me.
• 19:22
  And I know this has been one of the biggest conversations
• 19:25
  amongst Bitcoiners for a long time.
• 19:28
  It's like, has Bitcoin lost the revolutionary spirit?
• 19:31
  Are we applauding our own demise here by embracing institution,
• 19:38
  by embracing politics? Potentially.
• 19:43
  But when I see stuff like this, it really, it really starts to
• 19:48
  get me excited when I see the banks and institution start to
• 19:52
  panic. I, I, I think I get a, a fire
• 19:56
  inside of me and I, and I start to be remembered of why I love
• 20:00
  Bitcoin so much. Now obviously in context of this
• 20:05
  story, this is obviously wholly based on stable coins now.
• 20:14
  I I think I've may have matured on my view in stable coins and
• 20:18
  you guys could call me whatever you want in the chat.
• 20:21
  I don't hold stable coins. I don't recommend anyone hold
• 20:24
  stable coins. It doesn't make sense to me.
• 20:26
  Why would you want anything stable connected to the dollar,
• 20:30
  peg to the dollar when your dollar is losing purchasing
• 20:34
  power every year? To me, it makes no sense.
• 20:36
  Like, I mean, it makes sense why I, I like, I understand why
• 20:41
  people want to hold them. Maybe, you know, they're afraid
• 20:44
  of the Bitcoin volatility and maybe they haven't studied
• 20:47
  enough and they don't understand what Bitcoin's gonna do for the
• 20:50
  world. I get it.
• 20:51
  People want to peg, say, or rather maybe maybe store their
• 20:55
  wealth in dollars because they are so used to it.
• 20:59
  But what we are seeing is that stable coin usage is going
• 21:05
  global. And we have seen the Trump
• 21:08
  administration push stable coins very, very hard because I think
• 21:12
  they understand what all of us here at Simply Bitcoin
• 21:17
  understand. What our friend Mark Goodwin has
• 21:19
  been writing about the Bitcoin dollar thesis where stable coins
• 21:23
  are basically EU s s buyer of last resort for treasury.
• 21:29
  While the world potentially doesn't want to buy treasuries,
• 21:33
  they know they have a very strong buyer with stablecoins.
• 21:39
  Hence why the Stablecoin Genius Act came in first, because
• 21:43
  there's a whole new interest for treasuries with stablecoins.
• 21:49
  That's how they pegged to the dollar.
• 21:51
  Now what I am seeing though, and what is very interesting is one,
• 21:59
  of course, a lot of people want to use stablecoins around the
• 22:02
  world. A lot of people have very bad
• 22:04
  currencies and they want to be able to get into the dollar
• 22:08
  system. The way the dollar set up right
• 22:11
  now, the dollar can't go everywhere around the world, but
• 22:13
  a stablecoin sure can. And a lot of people would rather
• 22:16
  have the dollar versus their local currencies.
• 22:19
  Obviously, personally, I don't recommend that I, I, I would say
• 22:24
  just buy Bitcoin. But again, people are a little
• 22:27
  afraid of the volatility. Now what is interesting though,
• 22:31
  is this does seem like a Trojan horse scenario in my opinion.
• 22:40
  It does seem like let me let me pull back Amongst Bitcoiners,
• 22:46
  there has been a very strong meme, one of my favorite memes
• 22:52
  where yes, I am an anti altcoin, anti shit coiner.
• 22:56
  I, I don't think you should be holding shit coins.
• 22:59
  I, I think they're most of them are hot garbage.
• 23:01
  Most of them are going to 0, but rather basically all of them.
• 23:05
  I mean, some can stay around longer than others.
• 23:08
  But one of the ideas, and I forget who said it, but one of
• 23:12
  my friends or favorite Bitcoiners have said for a long
• 23:15
  time it might have been like Mr. Huddle.
• 23:18
  I forget it was basically the only use case for shit coins for
• 23:24
  alt coins is to distract the politicians and the lawmakers.
• 23:30
  Because while they're so distracted attacking these
• 23:33
  shapes, shit coins, while they're so distracted by trying
• 23:36
  to stop the stable coins and alt coins, Bitcoin is able to get
• 23:41
  through the door. And what we're seeing here is
• 23:45
  that the banking industry is very concerned about stable coin
• 23:50
  deposits, about stable coin interest, stable coin rewards,
• 23:53
  because they know that they're going to have to compete now
• 23:57
  that you can get a better return if you just save in stable coins
• 24:00
  versus keeping your dollars in a savings account.
• 24:04
  Now if we can get the Clarity Act through the door and if the
• 24:09
  crypto industry in quotes can get the stable coin rewards or
• 24:15
  interests, however they want to frame it through the door and
• 24:19
  this does pass at least beneficial to the whole
• 24:22
  industry. They're going to be so focused
• 24:25
  on trying to stop the stable coin usage.
• 24:27
  They're going to they're going to do everything to try to stop
• 24:29
  people from saving in stable coins that I think this is going
• 24:33
  to backfire. It's going to Streisand effect
• 24:35
  so hard that people are going to start using Bitcoin, bitcoins
• 24:38
  through the door. Clarity acts through capital is
• 24:41
  going to flow to Bitcoin numbers going to start going up.
• 24:44
  The positive feedback loop plays out.
• 24:48
  I don't know guys. I, I think I am now very excited
• 24:53
  to see what is coming through the clarity act.
• 24:56
  I, I am, you know me. I have been saying for weeks
• 25:02
  now, I'm very bearish on the Clarity Act.
• 25:05
  I don't even know what's in it. It's probably not going to be
• 25:08
  good, but when I see signs like Elizabeth Warren, the National
• 25:14
  Banking Association start to freak out about it.
• 25:18
  They're starting to get scared, in a full blown panic mode.
• 25:21
  It's Mother's Day and he's sending private letters to all
• 25:23
  the bank CE OS saying hey, we have to stop this or else like
• 25:28
  we are. He's basically saying we are
• 25:30
  screwed if we don't stop this. If we don't lobby and try to get
• 25:35
  what we want, we are absolutely screwed.
• 25:38
  Obviously, he said a little more professionally than I did.
• 25:43
  This is the stuff that I'm like, Oh yes, I forgot.
• 25:47
  I forgot what it felt like. I forgot what it felt like to to
• 25:51
  put it to the man again. I forgot what it felt like to
• 25:56
  have that revolutionary spirit again and yell and yell.
• 25:59
  And though this is in regards to, you know, politics, which is
• 26:04
  probably the most interesting thing to me.
• 26:06
  It's like, look, we are seeing even though Bitcoin is being
• 26:10
  embraced by politicians, we're seeing at the same time that
• 26:14
  maybe that this is going to be a big maybe, Maybe there is again
• 26:21
  the Trojan horse idea happening while we see some politicians
• 26:24
  are pushing for freedom money. Maybe it's not perfect, but
• 26:29
  maybe all we need is just to get our foot through the door and
• 26:33
  the rest will take care of itself.
• 26:36
  What's the old saying? You know, I, I never really
• 26:40
  liked this one because it it kind of made Bitcoin seem bad.
• 26:43
  Like Bitcoin is the virus, Bitcoin is the cure.
• 26:50
  I forget how they would say Bitcoin is the cure to the virus
• 26:52
  or Bitcoin. Bitcoin will catch on like a
• 26:55
  virus. And I always said no, but like
• 26:56
  Bitcoin is the cure. It's not the virus, but it is
• 27:00
  acting pretty viral right now. If we get Bitcoin through the
• 27:04
  system through the door and they have no choice but to let their
• 27:09
  customers use Bitcoin, they have no choice but for themselves to
• 27:12
  invest in Bitcoin. This might be end game stuff.
• 27:18
  Now obviously the end game is going to take a long time.
• 27:20
  This isn't going to be, this isn't going to be a quick W, but
• 27:24
  this does feel like what winning would look like.
• 27:28
  Remember, I've been joking. Actually, we've been joking on
• 27:30
  this show for a minute. I think every one of our content
• 27:32
  creators has been joking on the idea that if Kamala Harris had
• 27:36
  won, they would be fighting us and we would be at a much higher
• 27:39
  price. And then Trump came in, he
• 27:42
  embraced Bitcoin, and it's been a little lackluster.
• 27:46
  Now we're seeing the bank, even though the banks are still
• 27:48
  embracing Bitcoin and they want to offer Bitcoin products.
• 27:55
  I'm, I'm really liking the fact that the banks are scared of
• 27:59
  Bitcoin full blown panic mode of it's really more afraid of
• 28:02
  stable coins, which to me it's like, OK, you're, you're afraid
• 28:06
  of the little. It's like that one, you know,
• 28:08
  that one fish, it's got like the crazy teeth and it's got like
• 28:11
  the little light in front of it. It's like the light is the
• 28:14
  stable coin and bitcoins behind it.
• 28:17
  You know, from Finding Nemo, you guys, you guys know the Finding
• 28:19
  Nemo scene. This is kind of how I'm starting
• 28:24
  to see this. The banks are so focused on
• 28:27
  stablecoins that at this point they're probably either of no
• 28:32
  concern to Bitcoin or they really, they think stablecoins
• 28:36
  are the real threat. It's honestly so sweet.
• 28:42
  It's it's honestly, it's happening exactly as we've been
• 28:47
  saying for a long time, that the only use case for shitcoins is
• 28:52
  to distract everyone out there while Bitcoin gets through the
• 28:57
  door. It's beautiful.
• 29:00
  It's it's absolutely beautiful. You guys can call me a stable
• 29:05
  coin Maxi now. It's fine.
• 29:07
  I I'll take the heat, I'll take the tomatoes, but I absolutely
• 29:11
  love this. If the clarity act and we'll
• 29:14
  cover this, I think we'll see the vote on Thursday.
• 29:19
  So maybe Friday we will cover exactly what happened.
• 29:25
  I'm guessing it won't happen before the show goes live on
• 29:30
  Thursday. So I'm guessing Friday I will be
• 29:33
  able to give you an update unless it's like a breaking news
• 29:36
  somewhere through the show. And I, and I get you guys, you
• 29:38
  know the story literally live and breaking.
• 29:42
  But we'll come back to this by the end of the week and we will
• 29:47
  have some definitive information in regardings to the Clarity
• 29:52
  Act. I know a lot of people in the
• 29:54
  chat are doing the Clarity Act is really the murky act.
• 29:59
  I, I kind of agree with you, but we will have more clarity on the
• 30:03
  Clarity Act by the end of the week.
• 30:06
  And I'm sure things will heat up in the next few days in regards
• 30:10
  to what is in the Clarity Act, how the banking association is
• 30:13
  going to respond to this, what the quote crypto bit Bitcoin
• 30:17
  digital assets industry does in response to that.
• 30:22
  It is a very interesting week for Bitcoin in terms of policy
• 30:26
  here. And I know last week I was kind
• 30:29
  of joking when Nico, he's like, there's never a dull day in
• 30:31
  Bitcoin. And I'm like, bro, some days are
• 30:33
  some days are a little slower than others.
• 30:38
  Today is not the day. This is very interesting.
• 30:41
  All right, I'm I'm I can't wait to watch what happens.
• 30:43
  ANYWAYS, guys, I just realized I've been ranting solo for 30
• 30:47
  minutes on this topic. Nico's not here today.
• 30:49
  He's busy dude, he's banning. Anyways, I do have some updates
• 30:54
  for you. I actually have a clip from the
• 30:57
  CEO of Rhino app and I think in context of what I'm talking
• 31:02
  about with the banks, this was at the Bitcoin conference.
• 31:05
  I think it was one of the side stages 'cause I, I didn't see
• 31:07
  this going around, but I really like the clip.
• 31:09
  It, it is a little longer, but it's a good clip and, and I
• 31:13
  think it's worth watching. And then I also have another
• 31:19
  update on Sailor. Sailor has been really doubling
• 31:24
  down on the Never sell your Bitcoin drama and he was on the
• 31:33
  Wolf of All St. podcast and he clarified again, he's been, he's
• 31:38
  been clarifying since that really got him into hot water
• 31:43
  last week. So we're going to play that.
• 31:46
  And then guys, I, I'm, I'm going to do my best to lay out why I
• 31:55
  think diminishing returns is bananas.
• 31:58
  I why I think it's garbage. That's going to be the show for
• 32:01
  the culture we're seeing. Some crazy stuff happened in the
• 32:04
  stock market guys. And I think most people's view
• 32:09
  of big number market cap means big number returns are off the
• 32:13
  table. I completely think that is wrong
• 32:17
  and I'll lay that out towards the end of the show.
• 32:19
  Anyways, first commercial break. I'll be right back.
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  OK, All right. Don't know what's going on with
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  our streaming software, but hey, I'm here.
• 34:46
  I'm here. OK, The current Bitcoin price
• 34:49
  is, let me actually let's let's refresh this.
• 34:52
  OK, $81,610 per Bitcoin. I don't know if you guys are
• 34:57
  watching the price action, but it's pretty interesting.
• 35:01
  We got as high as 82 again, it did, it did get rejected from
• 35:07
  that resistance level that I was telling you about roughly around
• 35:11
  82 K. So the next few days, this next
• 35:14
  week's going to be interesting. I know a lot of people are, are
• 35:17
  waiting for the drop. Everyone thinks that we're going
• 35:19
  to break out of the 70 K range. You know, we're we're we're
• 35:23
  getting to that point where yes, if we do get rejected again off
• 35:27
  that 82 K range, could be in free fall for a little bit.
• 35:32
  But I'm of the opposite opinion. I think we're getting to the
• 35:36
  point where we might breakthrough that range.
• 35:38
  And I said it to my boy Sal this morning at the gym.
• 35:42
  I'm like, I don't know I'm I'm kind of feeling 85K by the end
• 35:46
  of the week. But what do I know?
• 35:49
  I just you know, I'm just getting I'm just getting the
• 35:51
  tickle here. I'm just, I'm just, I'm just
• 35:54
  spitballing here. Anyways, the discount from all
• 35:57
  time high is currently 35.3%. The market cap is 1.63 trillion
• 36:02
  and the block hike currently Tiktok and Xbox is 948,971.
• 36:12
  So as I was saying, there is a very strong correlation and
• 36:21
  maybe it's because of US American Bitcoiners.
• 36:24
  You know, we we all, we all pine for the glory days here.
• 36:28
  You know, we, we love the Make America Great again.
• 36:31
  We may not love Trump, but we love the idea of Bitcoin being
• 36:35
  American ideals instilled in cyberspace, the pursuit of
• 36:42
  happiness, property, all that good stuff.
• 36:47
  I saw this clip. It is a little long, so forgive
• 36:50
  me. The audio is a little weird, but
• 36:53
  shouts out the rhino app because or Rhino Bitcoin because I
• 36:58
  absolutely love this. I, you know, maybe this is this
• 37:02
  is my American centrist, Americanism, American centrist.
• 37:10
  Wow, I can't speak today. Anyways, here is them tweeting
• 37:13
  and this is kind of what got my, my attention.
• 37:16
  On it goes our CEO Hector Alvaro received a roaring ovation at
• 37:19
  Bitcoin 2026 for this powerful 3 minute explanation of why Fiat
• 37:24
  money is the theft of hope. Bitcoin protects your wealth.
• 37:29
  OK, so I'm going to just play it.
• 37:30
  I think it's powerful. I think it it is inspirational.
• 37:34
  And I think in the context of the banking industry attacking
• 37:39
  Bitcoin stable coins just shows like how far, how far we've
• 37:45
  really come here, how far we have fallen.
• 37:48
  But Bitcoin will restore the world back to something that
• 37:55
  will, in my opinion, improve all of our lives.
• 37:57
  So here we go. It is a little long, forgive me,
• 38:00
  but I think it's worth a listen. So speaking to your question
• 38:04
  around sort of like a moral underpinnings of of Bitcoin and
• 38:07
  maybe the lack thereof of our Fiat monetary system.
• 38:10
  When I when I started to think about this topic, my mind, for
• 38:14
  whatever reason, went to Thomas Jefferson and specifically the
• 38:18
  last of the inalienable rights that he enshrined in the
• 38:21
  Declaration of Independence, right?
• 38:23
  We all know the one right, life, liberty, and the pursuit of
• 38:27
  happiness, right? And we think of those words
• 38:30
  usually in historical or in political discussions, but I
• 38:34
  would submit that they are equally as important in
• 38:36
  conversations about money. And here's why.
• 38:39
  It's because money does a lot more than just represent value,
• 38:42
  right? It shapes our belief about
• 38:45
  whether or not we think that the work we do today, it's going to
• 38:48
  help us build a better tomorrow. And in order to understand why
• 38:51
  that is, we need to talk for a minute about property, which is
• 38:54
  ironically the exact word that Jefferson set aside from the
• 38:59
  Magna Carta in order to put the pursuit of happiness into the
• 39:02
  declaration. Right?
• 39:04
  So The thing is, most property represents the past.
• 39:08
  It reflects what somebody decided was the best thing they
• 39:11
  could try their time and energy for in a given moment.
• 39:14
  So whether that's a house, a car, a vacation, these are all
• 39:17
  the choices you've already made. But money is different.
• 39:21
  Money represents the future. It's the bridge between the work
• 39:25
  you've already done and the life you hope to build, right?
• 39:29
  Whether that's a business, a family, a dignified retirement.
• 39:35
  Property represents happiness already chosen.
• 39:38
  But money actually enables the pursuit of the happiness still
• 39:42
  to come. And that's why I think that our
• 39:45
  current Fiat monetary system is so unethical.
• 39:49
  Because when a privileged few can create money, it will
• 39:52
  without any effort. It hurts our society in a much
• 39:57
  deeper way than just degrading everybody's purchasing power.
• 40:00
  And that's because it increases the distance between effort and
• 40:05
  reward. It tells people little by little
• 40:09
  that discipline doesn't matter, that patience doesn't matter.
• 40:13
  That saving doesn't matter, hope that the future doesn't matter.
• 40:17
  And when people stop thinking that their efforts matter, they
• 40:21
  eventually give up on the pursuit entirely.
• 40:24
  So Fiat money, in my opinion, is a theft of hope.
• 40:28
  And we see that in our society all around us, whether that's
• 40:32
  record levels of substance abuse, whether it's deaths of
• 40:35
  despair, or whether it's been on the weather in Paris.
• 40:38
  When people stop believing that tomorrow's going to be better
• 40:41
  than today, that's when they start looking for shortcuts, for
• 40:44
  escapism, or for hoping for lucky breaks instead.
• 40:47
  And that is why Bitcoin matters. Because by offering them money
• 40:52
  whose supply can't be manipulated, whose rules are
• 40:55
  transparent and that insiders don't have privileged access to,
• 40:59
  Bitcoin can restore that hope. And so Bitcoin protects not just
• 41:02
  purchasing power. Bitcoin protects the pursuit of
• 41:05
  happiness itself. Bars, bars just to add again and
• 41:15
  and circle back to the beginning when a select few can stop.
• 41:25
  Legislation to ensure that you can own Bitcoin or a stable coin
• 41:30
  if you so choose. It really starts to highlight
• 41:34
  what exactly is going on in the system and who exactly is the
• 41:38
  masters of the Fiat system. Again, remember what that
• 41:42
  Banking Committee letter said or the National Banking Association
• 41:47
  letter said that stablecoins, which is absolutely insane, but
• 41:51
  what will broaden this Bitcoin or crypto digital assets are a
• 41:57
  threat to the growth of the system and the financial
• 42:01
  stability of the system. It's just absolutely crazy what
• 42:05
  we're seeing it. It's just it really starts to
• 42:07
  highlight what is going on in the world.
• 42:10
  How the maybe, and I hate to use this framing because it does
• 42:15
  kind of lean into more of the far leftist ideology.
• 42:22
  But when you start to see who controls the money, you start to
• 42:27
  see who controls the system, you do start to see who your real
• 42:33
  masters are and what they think of you.
• 42:37
  They don't think you should have free choice.
• 42:40
  They don't think that you're smart enough to make the right
• 42:43
  choice. They think they have to protect
• 42:44
  you from it. They essentially want to keep
• 42:48
  you in perpetual peasantry enslavement forever because they
• 42:53
  have their Moat, they have their power, they have their money,
• 42:58
  and they don't want to give you any of the crumbs.
• 43:00
  They're happy with the status quo and when something comes to
• 43:03
  change that, they obviously will fight it.
• 43:10
  Now we've talked about this a lot of times on the show that we
• 43:15
  truly believe Bitcoin is free to money.
• 43:17
  This is why everyone should hold some, or rather anyone can hold
• 43:22
  some. And we highly recommend to our
• 43:24
  friends and family that you should probably hold a little
• 43:27
  bit. What is super interesting to me
• 43:31
  is in the current moment that we're in, we are starting to see
• 43:36
  a proliferation of Bitcoin as this hedge to inflation, this
• 43:42
  exit route, this self protection money as much as it is freedom
• 43:48
  money. And we are starting to see that
• 43:50
  it's cashing on. And so when I hear stuff like
• 43:53
  this, and I completely miss this the first time around, So shouts
• 43:56
  out to Rhino Bitcoin for posting this because I, I think it's a
• 43:59
  powerful message that we do constantly need to reiterate to
• 44:03
  ourselves. We've brought up these
• 44:05
  conversations on this show for many years and on many different
• 44:09
  shows. And are you guys you're
• 44:12
  hopefully you're not hearing some background noise.
• 44:15
  It should be the last day of construction over here.
• 44:19
  But this is the energy that I, I constantly have to remind myself
• 44:24
  of what we're doing, especially in the context of the show where
• 44:27
  I, I have to cover the news for you guys every single day.
• 44:30
  And some of the stuff on the news, you know, is, is maybe I'm
• 44:34
  not ideologically aligned with, again, I don't really care about
• 44:39
  ETFs. I, I'm watching the inflows
• 44:41
  because it's showing us what the institutions are doing.
• 44:44
  I don't really care about the banks embracing Bitcoin.
• 44:47
  I'm watching what the banks are doing because it is a
• 44:50
  development on where Bitcoin currently is.
• 44:53
  I want to see more people using Bitcoin.
• 44:56
  But if I did a show on Bitcoin adoption in Africa or something,
• 44:59
  you guys wouldn't watch the show.
• 45:01
  So I gotta put a show out and I sneak that in so you guys can
• 45:05
  see that in every sector of Bitcoin we are expanding.
• 45:10
  Not only is Bitcoin now in Washington DC, it's on Wall
• 45:14
  Street, it's in every corner of the world.
• 45:17
  Yes, stable coins, maybe you're not the biggest fan of, but
• 45:21
  people are using them. People are using quote digital
• 45:23
  currencies. So they are becoming a little
• 45:27
  more open to the idea of using Bitcoin.
• 45:33
  We are totally in the Bitcoin going mainstream.
• 45:37
  The early majority I I think in hindsight we will look back at
• 45:42
  2026 and beyond and it's going to be very clear that this is
• 45:46
  that final jump into completely changing the world into
• 45:51
  completely going into the mainstream.
• 45:53
  And as Bitcoin goes higher, it will become more and more
• 45:56
  obvious if we're out of a bear market right now.
• 46:01
  I think the flywheel as Sailor says, you know, the positive
• 46:06
  feedback loop, it's going to expand and I and I really do
• 46:10
  believe that we are going to see probably a bigger adoption level
• 46:14
  than we've seen in any year prior and also obviously a way
• 46:19
  bigger price than we've ever seen in the world or in the
• 46:23
  history of Bitcoin anyways. That that's type of stuff gets
• 46:28
  me fired up, kind of kind of gets me, kind of gets me going.
• 46:32
  Anyways, let's keep it moving a little bit and what we're going
• 46:36
  to we're going to come back to the Sailor story.
• 46:39
  You guys already know. What was it Thursday?
• 46:41
  I think it was Thursday. Everyone was freaking out
• 46:45
  because Sailor changed his meme from never sell your Bitcoin to
• 46:51
  say what? What do you say?
• 46:53
  Sell less Bitcoin than you save. I think that's what it was.
• 46:57
  Maybe I'm butchering it. I'll I'll find it on the
• 46:59
  commercial break. Well, he went on the podcast and
• 47:02
  they asked Wolf of Wall Street podcast and they asked him about
• 47:05
  it. And ever since that strategy
• 47:09
  earning call, he has kind of been doing damage control.
• 47:16
  I don't, I don't and I'm not I'm not here to, you know, cover for
• 47:20
  sailor. That's not my job.
• 47:24
  That's strategy's job. But we said it on the show, it
• 47:29
  does. It does make sense.
• 47:30
  Like, you know, if you're anyway anyways, if you're buying a lot
• 47:34
  of Bitcoin, selling a little bit of that Bitcoin is like it's in
• 47:37
  the grand scheme of things is not that big of a deal.
• 47:40
  But obviously, as we said last week, because his brand was
• 47:44
  built on this idea of never sell your Bitcoin.
• 47:47
  It it was news. Now we got an another clip
• 47:50
  update on this because everyone's freaking out about
• 47:55
  it, so that's what I'll cover right now when I come back from
• 47:57
  the break. I want to give a shout out to
• 48:00
  our partner, Leadin. Here's something most Bitcoin
• 48:02
  holders never figure out until it's too late.
• 48:04
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  someone's blowing up my phone. I'm getting spam calls right
• 49:55
  now, man. Anyways, if you've been watching
• 50:01
  the show, if you're on Twitter, you're obviously aware that,
• 50:06
  like, all right, this is kind of funny to me.
• 50:10
  So, you know, Sailor's out here. He buys another $43 million of
• 50:14
  Bitcoin. He's he's back.
• 50:16
  You know, the orange dots are back.
• 50:18
  He's buying another, you know, 10s of millions of dollars of
• 50:22
  Bitcoin. Stretch this morning, you know,
• 50:25
  is at par. He basically bought all of the
• 50:28
  Bitcoin mine today with the Stretch product.
• 50:35
  And all everyone wants to talk about is not the fact that he's
• 50:39
  buying Bitcoin, but that he said something in his earning 'cause
• 50:43
  it is kind of funny now that if Sailor isn't buying billion
• 50:47
  dollars of Bitcoin a week, it's not news.
• 50:50
  It's not a news story anymore. So now we're at this point in
• 50:53
  the cycle where we're just nitpicking what he's saying
• 50:57
  because we're kind of bored here with like, yo buy another Billy
• 51:01
  bro, like buy another Billy pump the price, dude.
• 51:05
  So you know, there's that Sailor bought some more Bitcoin this
• 51:07
  morning. But all everyone is talking
• 51:09
  about is what he said last week is buy more Bitcoin than you
• 51:13
  sell the strategy earning call. I played you guys Eclipse last
• 51:18
  week. Sailor did say, hey, we are
• 51:20
  going to sell some Bitcoin, the capital gains on our Bitcoin so
• 51:25
  that we can fund or pay for the stretch dividends.
• 51:30
  That's what everyone is talking about.
• 51:32
  Oh, Sailor says he's going to sell some Bitcoin.
• 51:35
  You know Sailor's going to sell his 800,000 Bitcoin like, you
• 51:39
  know, he buys another 50 mil. No one cares.
• 51:43
  All we care about is the fact that he said he might
• 51:45
  potentially sell some Bitcoin, like a little portion of his
• 51:50
  Bitcoin and everyone's like, oh, it's over bro.
• 51:53
  The bull is selling his Bitcoin. Well, we got an update 'cause
• 52:00
  he's, he sailor has been doing a little bit of damage control on
• 52:03
  Twitter. I I'll agree with that.
• 52:06
  You know, the fact he did that tweet, we saw one from strategy
• 52:10
  say that if the Bitcoin price only goes up 2.3% a year, they
• 52:16
  will be able to pay the stretch stretch dividend.
• 52:21
  It doesn't seem like he's really that worried.
• 52:23
  But it is interesting to me that Saylor is doing damage control
• 52:26
  right now like he is doing some PR right now because everyone
• 52:30
  freaked out. And you know, I have also people
• 52:34
  like calling stretch and strategy of Ponzi and I, I like
• 52:38
  to troll, but I, I really think strategy is, is in a, I don't
• 52:42
  think there's anything to be concerned if you are an MSTR
• 52:45
  holder or even a stretch holder. I think sailor, you know, he's a
• 52:49
  rocket scientist. I'm just a 42 IQ YouTube talking
• 52:53
  head. OK, if you're going to trust
• 52:56
  someone, I would probably, I would probably take sailor's
• 53:00
  opinions over mine. I, I'll do that any day.
• 53:03
  Anyway, we got another clip update explaining I guess a
• 53:08
  little better than he did the first time to fully explain his
• 53:14
  reasoning and what he's doing. So here's the clip, it's pretty
• 53:17
  short and and then we'll chat about it.
• 53:21
  We might sell 20 basis points of Bitcoin.
• 53:25
  Like .2% of Bitcoin in a month. We'd probably buy 5X.
• 53:29
  Or 10X that much in the same month.
• 53:31
  So, so people are getting caught up on that.
• 53:34
  But if you sell $100 million of Bitcoin in the same month that
• 53:37
  you buy a billion or $2 billion of Bitcoin, we're still net
• 53:41
  buyers of Bitcoin. We're still net holders of
• 53:43
  Bitcoin. But the benefit to being able to
• 53:46
  fund with Bitcoin is we have the option to never sell a share of
• 53:50
  stock again. And that really rips the faces
• 53:53
  off of the shorts. That's good, right?
• 53:55
  And then we also have the option to capture the tax credit 'cause
• 53:59
  we have billions of dollars of tax credits that if we were to
• 54:02
  simply sell the high basis Bitcoin, we would capture the
• 54:07
  tax benefit and we could fund the dividend.
• 54:11
  And then with STRC, we're selling so much STRC that we'll
• 54:16
  buy back 10 Bitcoin for everyone Bitcoin we sell.
• 54:19
  And if and if you can do that, I would recommend.
• 54:22
  You do it too. It's not a bad.
• 54:27
  Oh man, you got to love everyone on Twitter.
• 54:31
  Everyone on Twitter just takes a little sound bite.
• 54:35
  They run with it. They get the engagement, you
• 54:38
  know, they get their Twitter payouts and sailors out here
• 54:41
  just doing damage control. But we we literally said this on
• 54:45
  the show. It's like, look, I mean Nico
• 54:47
  kind of got a little bit wrong. He's like, look, they're
• 54:49
  capitulating perfect bottom market signal.
• 54:52
  I'm like, bro, he literally said like, we're going to sell the
• 54:56
  capital gains to fund the stretch product.
• 54:58
  And now sailors like, look, if I'm selling, you know, one
• 55:03
  Bitcoin through the stretch product, I'm going to be buying
• 55:07
  10 Bitcoin a month. It's like it's a, it's a, it's a
• 55:10
  good balance sheet move. Now, obviously the reason
• 55:15
  everyone freaked out is because for years he's been saying never
• 55:18
  sell your Bitcoin. But now I think that was
• 55:21
  probably before he figured out the stretch product and what he
• 55:25
  needed to do to engineer that going further.
• 55:30
  But it it's I really don't think it's that big of a deal.
• 55:33
  It's like what you know, I know the meme buy more Bitcoin than
• 55:37
  you sell doesn't hit as strong as never sell your Bitcoin.
• 55:41
  But are we are? Do we think Bitcoin is money?
• 55:47
  Do we think we should be using our Bitcoin?
• 55:50
  I know right now maybe you want to first store a lot of value in
• 55:54
  Bitcoin. But if, if it comes down to like
• 55:59
  a normal person, it's like, look, just make sure you're
• 56:02
  saving the majority of your Bitcoin.
• 56:04
  If you are all in on Bitcoin to make sure you have the majority
• 56:09
  of your coin. I'm not going to yell at you.
• 56:12
  I have some friends that will yell at you.
• 56:15
  You know, I, I have a particular cat in mind on Twitter that is
• 56:20
  very proud that he has never sold Bitcoin.
• 56:23
  And you know, kudos to him. He's my boy.
• 56:25
  I love him. But for many people, if you're
• 56:31
  all in on Bitcoin, you're using it as your money, you're using
• 56:33
  it to live. You know, I, I know some of you
• 56:36
  guys in the chads like, look, I've been saving in Bitcoin for
• 56:38
  56710 years. It's like, I probably will use a
• 56:43
  little Bitcoin so I can pay off my car debt.
• 56:45
  And it's like, yeah, that's kind of the point of it.
• 56:48
  It's like build a nest egg, you know, increase your purchasing
• 56:51
  power, increase your savings power.
• 56:54
  And if you want to take a little bit off the top to live your
• 56:58
  life, why are you listening to people on the Internet tell you
• 57:02
  what to do with your money? That's what I've been saying for
• 57:04
  years now. Sailor is obviously I think
• 57:08
  thinking in that same mindset, but in a grander level.
• 57:13
  He's like, look, if I can just use a he literally said point to
• 57:20
  like a tiny amount of my Bitcoin to pay off the dividend to my
• 57:24
  stretch product. And this continues going on
• 57:27
  forever and I buy billions of dollars a month of Bitcoin.
• 57:31
  It's like what's what's the big deal here?
• 57:35
  But it is interesting that he is doing the PR, you know, he's
• 57:38
  doing the doing this, the the podcast circle he's doing, you
• 57:43
  know, because it caught on so big.
• 57:45
  He's he's out there having to clarify this because it did, I
• 57:49
  think spook a lot of investors or rather a lot of people on
• 57:52
  Bitcoin made a mountain out of a molehill.
• 57:58
  I really don't think it's that crazy, but some more clarity on
• 58:03
  Sailor and strategy. I think it the the, again, like
• 58:08
  I said last week, the most interesting thing to me is that
• 58:12
  Saylor probably said that in the strategy earning calls and he
• 58:16
  probably didn't think people were going to freak out about
• 58:18
  it. And then everyone freaked out
• 58:20
  about it And he's like, oh shit, I got to go out there and do do
• 58:24
  the PR guy got to make tweets. I got to go on podcasts and talk
• 58:28
  about it. He's probably like, dude, I it
• 58:30
  was really like a throwaway comment here, you know,
• 58:33
  explaining what he's going to be doing and everyone freaked out
• 58:37
  about it. And it's it's it's pretty
• 58:43
  interesting. It it's just funny to it's funny
• 58:46
  to watch. Yeah.
• 58:51
  I mean, look down under Blues. Sure, you know, buy 20 Bitcoin,
• 58:55
  sell one. Just buy 19 Bitcoin and sell
• 58:59
  none. Yeah, if you're like a normal
• 59:01
  person, he's, he's doing some crazy elaborate financial
• 59:06
  engineering. I really don't think it's that
• 59:11
  big of a deal. But you know, what do I know?
• 59:13
  What do I know, man? What?
• 59:15
  I would love to be coffee seller.
• 59:19
  This. Is this what waiting feels like?
• 59:20
  People just over sensationalize things, Sailor says.
• 59:23
  Yeah, 100%, 100%. Well, if he does it for taxes,
• 59:28
  the rest of the companies might follow and it could drop to 60
• 59:31
  again out of fear. Yeah, Yeah, true, true.
• 59:37
  But I don't I don't think we're there yet.
• 59:39
  Again, not that many companies actually hold Bitcoin.
• 59:42
  Yes, we have more companies than ever, but the grand scheme of
• 59:47
  things, we are still early. Anyways, in that light, I do
• 59:56
  went so far. Anyways, anyways, I I saw some
• 1:00:02
  interesting stuff on Friday in, in regards to the stock market
• 1:00:09
  and it made me think of Bitcoin diminishing returns.
• 1:00:12
  And I think we have two examples here that are going to
• 1:00:16
  fundamentally, at least in my mind, change how we should be
• 1:00:20
  viewing where we're going from here.
• 1:00:24
  And I was after the Friday show, I went and got some food.
• 1:00:27
  I, I went to an Argentinian steakhouse.
• 1:00:29
  You know, I treated myself, it's the end of the week.
• 1:00:31
  I got some, some pecana. I was like chilling, drinking a
• 1:00:35
  beer. I'm on Twitter and I saw this
• 1:00:38
  post from Kobayashi letter giving the numbers on what
• 1:00:42
  happened in the stock market in the last month.
• 1:00:45
  It's absolutely insane. And of course, it always came
• 1:00:48
  back to Bitcoin for me. So I think I, and I could be
• 1:00:52
  wrong here, but I'm going to double down on the idea that I
• 1:00:57
  think diminishing returns in Bitcoin, it's not going to
• 1:01:01
  happen. I think the last two cycles have
• 1:01:04
  basically been dampened. I, I think they, the
• 1:01:09
  metaphoricals, they made sure that Bitcoin didn't find escape
• 1:01:14
  velocity, that basically we didn't have the bull runs that
• 1:01:17
  we all know and love. And I think this time, because
• 1:01:23
  we are going to see an incredible amount of
• 1:01:26
  institutional capital come in added with a lot of retail once
• 1:01:30
  Bitcoin starts to make a new all time high.
• 1:01:34
  It might not be this cycle, but I don't believe diminishing
• 1:01:38
  returns is, is a thing. Everyone's saying, oh look, the
• 1:01:42
  the bear market or sorry, the bull market highs, they're
• 1:01:45
  decreasing. It's never going to run like it
• 1:01:47
  used to run. And for a while there I just
• 1:01:50
  kept saying, I'm like, dude, go talk to normal people.
• 1:01:54
  How many people actually hold Bitcoin?
• 1:01:56
  How many institutions actually hold Bitcoin of the entire
• 1:01:59
  world? Global market cap, global
• 1:02:02
  capital pool, how much of Bitcoin takes up or how much of
• 1:02:07
  that capital has found its way into Bitcoin?
• 1:02:09
  It's like nothing literally like nothing like crumbs a a rounding
• 1:02:14
  error of capital has come into Bitcoin and everyone is still
• 1:02:19
  saying, oh you know the power law Bitcoin's going to go up and
• 1:02:22
  it's very, you know, slow grind up very mathematical nature and
• 1:02:28
  we know that the returns per bull market are going to go
• 1:02:32
  down. I'm like, no, I don't see it.
• 1:02:37
  Do we not believe in the S curve adoption of Bitcoin?
• 1:02:40
  And you're telling me that we've already seen the exponential
• 1:02:43
  growth phase of Bitcoin? I, I, I don't see it.
• 1:02:49
  Again, I'm biased, I'm bullish, but to me it's never made sense.
• 1:02:54
  Anyways, enough context, last commercial break and I and I'll
• 1:02:59
  break it down for you. I want to give a shout out to
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  All right, guys, I I see yes, dude, but Kanye, it's the go.
• 1:04:44
  OK, maybe, maybe, maybe these thoughts are just coming because
• 1:04:48
  I was getting the the dopamine of eating a good steak and
• 1:04:52
  having a beer. I'm like, it's Friday.
• 1:04:54
  I finally get a break and I'm on Twitter obviously, like I'm
• 1:04:59
  never off Twitter. It's I'm perpetually online, OK?
• 1:05:03
  I'm perpetually online. I'm like alone.
• 1:05:05
  I'm eating the steak, I'm drinking a beer.
• 1:05:08
  You know, I'm on Twitter and I see this tweet.
• 1:05:10
  And also, I don't know if you guys saw over the weekend, but
• 1:05:15
  it was very interesting to see that over the weekend, everyone
• 1:05:18
  was really, really going hard on that.
• 1:05:23
  We are in a new.com bubble in terms of AI.
• 1:05:26
  Like that was the main conversation that I was seeing
• 1:05:30
  on Twitter Friday afternoon. It's like, Oh my God, there's so
• 1:05:33
  many signposts showing us that we're in a new.com bubble and
• 1:05:38
  and that's not what I'm going to talk about.
• 1:05:39
  But it was interesting that that is what it seemed like everyone
• 1:05:43
  was saying Friday that I don't know if you guys saw that maybe,
• 1:05:47
  you know, maybe it's just my timeline, but I saw a lot of
• 1:05:50
  correlations with what we're seeing in the stock market to
• 1:05:54
  this, to the.com, you know, 2000 era.
• 1:05:58
  I mean, Michael Bury was out here saying like it feels
• 1:06:00
  exactly like the ending months of 1999 and 2000 before the.com
• 1:06:05
  bubble because we're seeing the stock market absolutely go
• 1:06:11
  bonkers. Guys.
• 1:06:13
  It's what are we, what are we doing here holding Bitcoin?
• 1:06:16
  We should just all buy the S&P 500 or the QQQ.
• 1:06:20
  Yo, what are we doing here? What what man?
• 1:06:23
  You know, being ideological really doesn't pay off anyway,
• 1:06:26
  I'm I'm kind of low key trolling because Bitcoin will have it's
• 1:06:29
  day in the sun. It's going to RIP.
• 1:06:30
  But anyway, in the same context of that, I saw this tweet here
• 1:06:35
  from Kobayashi Letter and absolutely bonkers.
• 1:06:40
  All right, this is I'll connect this with where my thinking is
• 1:06:44
  at. Kobayashi Letter tweeted this
• 1:06:46
  because we truly are witnessing history right now.
• 1:06:50
  It's clear that the period we are in now will be referenced
• 1:06:53
  for decades to come. The S&P 500 has added $10
• 1:06:57
  trillion in 29 days. Let me repeat that.
• 1:07:03
  In the last month, the S&P 500, just kind of magically out of
• 1:07:08
  thin air, has added $10 trillion in its market cap.
• 1:07:14
  Semiconductor AI stocks are surging 100% plus in weeks, and
• 1:07:19
  the Trump administration is up 550% on Intel.
• 1:07:24
  When we began emphasizing the need to own assets to win in
• 1:07:27
  this market over 12 months months ago, this is exactly what
• 1:07:30
  we meant. While inflation is back and the
• 1:07:33
  labor market is weakened, it simply does not matter right
• 1:07:36
  now. In fact, the return of inflation
• 1:07:38
  has only intensified the scramble for yield and hard
• 1:07:41
  assets that can preserve purchasing power.
• 1:07:44
  Look at the data. Just five stocks have accounted
• 1:07:47
  for roughly 50% of the S&P 500 total gains since April 1st.
• 1:07:53
  These same tech giants driving the market higher, gaining even
• 1:07:56
  more momentum amid rate cuts, deregulation and historic
• 1:07:59
  inflows into equities. Asset owners are experiencing
• 1:08:03
  one of the greatest wealth expansions in modern history,
• 1:08:06
  while everyone else is being left behind.
• 1:08:09
  Our 12 plus month thesis has materialized.
• 1:08:13
  So obviously, yes, we're seeing the stock market absolutely RIP.
• 1:08:18
  We've heard Trump talk about this for over a year, that he is
• 1:08:23
  looking at the stock market as an indicator of how he's doing
• 1:08:27
  with the his presidency, his presidential, you know,
• 1:08:31
  administration. We've seen the Iran war,
• 1:08:35
  whatever's happening in the Middle East of ceasefire, not
• 1:08:38
  ceasefire. Friday night after the markets
• 1:08:40
  close, you know, maybe we go in for 48 hours and then Monday
• 1:08:46
  markets open and it's over there.
• 1:08:49
  You could say there is some stock market manipulation going
• 1:08:52
  on. But besides the point, I
• 1:08:57
  fundamentally believe that where we currently are, there is so
• 1:09:03
  much money sloshing in the system that it will eventually
• 1:09:09
  find its way to Bitcoin. Maybe not this week, next month
• 1:09:14
  or what have you, but eventually it will find its way into
• 1:09:19
  Bitcoin. And if what we're seeing in the
• 1:09:21
  stock market is any indicator of how much capital will eventually
• 1:09:26
  find its way into Bitcoin, I am 100% convinced that diminishing
• 1:09:33
  returns in Bitcoin, it's not a thing.
• 1:09:36
  I don't believe it. Again, in the last month, the
• 1:09:42
  S&P 500 has added $10 trillion. Last year, gold added $10
• 1:09:49
  trillion to its market cap. And what is the prevailing view
• 1:09:54
  on Bitcoin? Oh, it's market cap is so big.
• 1:09:57
  It's 1 1/2 trillion dollars to get the returns that you expect
• 1:10:06
  from the past in Bitcoin. It needs so much capital to come
• 1:10:09
  in and getting that much capital to come in Bitcoin is just not
• 1:10:14
  going to happen. So Bitcoins probably only going
• 1:10:16
  to have like a 3X this this cycle guys, because last cycle
• 1:10:20
  it was 6X and the cycle before that it was 12X and the cycle
• 1:10:23
  before that it was 100 X. Because you can see we have
• 1:10:26
  three data points and look, it's diminishing guys.
• 1:10:29
  So diminishing returns is going to be a thing.
• 1:10:32
  And I'm like, yeah, cool story bro.
• 1:10:33
  But gold added $10 trillion in a year.
• 1:10:37
  S&P 500 added $10 trillion in a month.
• 1:10:41
  You don't think $10 trillion could be added to the Bitcoin
• 1:10:44
  market cap and blow all of these models out of the water?
• 1:10:49
  I think people are still using old thing.
• 1:10:51
  Like I still believe people think we are in like a 2015
• 1:10:56
  scenario in the global economy like everyone still thinks we
• 1:11:00
  are. We are living in the past here
• 1:11:03
  and I'm like God, do you remember like 2020?
• 1:11:05
  They printed half of all the dollars in existence and now we
• 1:11:08
  are starting to see QE about to happen.
• 1:11:09
  It's like just the money printer's about to, to speed up
• 1:11:13
  and everyone is looking for hard assets and places to store their
• 1:11:16
  value. And you think, Oh yeah, because
• 1:11:18
  of the power law, Bitcoin's only going to go up 3X.
• 1:11:20
  Guys, it's mathematically, you know, it's math, guys, trust the
• 1:11:24
  math. I'm like, no, what?
• 1:11:27
  What if $10 trillion wanted to find its way into Bitcoin?
• 1:11:33
  It's totally not out of the realm of possibility.
• 1:11:38
  It it's a non zero chance it could happen.
• 1:11:43
  It's the exponential growth. They can't see how it happens
• 1:11:45
  still exactly like OK, like Tommy, I know let's get to 150 K
• 1:11:51
  first. You know, let's get to $10
• 1:11:52
  trillion market cap first. I get it.
• 1:11:56
  But remember the and my and my numbers have been wrong.
• 1:12:00
  You guys have yelled at me, but what wow, I'm blanking on what
• 1:12:03
  it's called for every dollar that goes into Bitcoin, the
• 1:12:07
  multiplier effect. I've seen different numbers.
• 1:12:10
  You know, I think the more conservative is like 4, 5X or
• 1:12:14
  something like that. For every dollar that comes into
• 1:12:17
  Bitcoin, the multiplier effect basically adds 4 or $5 to the
• 1:12:22
  market cap. I've seen some very high
• 1:12:24
  predictions or rather numbers like 10 to 20% depending on
• 1:12:30
  certain market factors, but say it's 4 to $5 multiplier effect.
• 1:12:39
  So we'll go with five. Easy math.
• 1:12:43
  You know $2 trillion be added inflows coming into Bitcoin.
• 1:12:48
  That would add about $10 trillion to the market cap.
• 1:12:53
  If it's a 5X multiplier goes smaller or maybe less inflows,
• 1:13:00
  $1 trillion finds its way into Bitcoin with a 10X multiplier,
• 1:13:05
  that's $10 trillion added to the market cap.
• 1:13:08
  Like Bitcoin doesn't need $10 trillion of inflows to come in
• 1:13:15
  for Bitcoin to go up a $10 trillion in market cap.
• 1:13:21
  I'm fundamentally convinced by what we are seeing in the S&P
• 1:13:24
  500 and in gold last year and in silver, you know, silver added
• 1:13:28
  what it was like 2 trillion, 4 trillion to its market cap.
• 1:13:31
  I don't have the numbers on top of my head, but it add it went
• 1:13:35
  exponential. I, I just, I don't, I think, I
• 1:13:40
  think we all have PTSD in, in regards to the 2021 cycle and
• 1:13:47
  the 2024 all time high or 2025 all time high.
• 1:13:52
  You know it had we have been seeing a diminishing returns up
• 1:13:55
  to this point, but I think we are all underestimating how much
• 1:14:02
  capital is sloshing in the system that will eventually need
• 1:14:06
  to find a home. And once the scarcity aspect of
• 1:14:09
  Bitcoin sets into people and they truly understand what a 21
• 1:14:14
  million hard cap means and they scramble to get to 1 coin, half
• 1:14:21
  a coin, any coin at all really starts to kick in.
• 1:14:26
  And every rich person wants to get their capital out of
• 1:14:29
  whatever the hell else they're holding.
• 1:14:31
  And it needs to get into Bitcoin.
• 1:14:33
  I really think we will start to see the S curve adoption happen.
• 1:14:37
  But I, I just, I don't, I don't think the, the idea, oh, big
• 1:14:45
  number market cap means, you know, more money for big number
• 1:14:50
  return. I'm like, guys, are you watching
• 1:14:53
  what's happening in gold? Are you watching what's
• 1:14:55
  happening in the S&P 500? Gold's market cap was what, $20
• 1:15:00
  trillion? It added $10 trillion to its
• 1:15:05
  market cap when absolutely exponential S&P 500 trillions of
• 1:15:13
  dollars added $10 trillion in a month.
• 1:15:18
  I am, I'm just like, guys, are we looking at the same?
• 1:15:20
  Like I remember when everyone used to be bullish here.
• 1:15:23
  What happened to everyone being bullish now?
• 1:15:25
  I agree. Sometimes we were stupidly,
• 1:15:27
  naively bullish. You know, I agree, I agree.
• 1:15:32
  You know, I'm I get I get overly bullish.
• 1:15:36
  Maybe we're all trying to mature a little bit.
• 1:15:38
  You know, the suits are here, so we can't say too crazy stuff.
• 1:15:42
  But I am reminded of my friends quote Rockstar Dev and and I do
• 1:15:49
  have to censor it a little bit. You know, I am on YouTube.
• 1:15:53
  He says it a little differently, but our job here and I have not
• 1:15:59
  forgotten my job, our job here is to be so absolutely bullish
• 1:16:07
  that your friends and family think you're an idiot.
• 1:16:10
  That is our job. We need to maintain bullishness
• 1:16:15
  no matter what. And I'm looking at traditional
• 1:16:21
  markets and they're they're pumping like shit coins in
• 1:16:24
  Bitcoin. And you don't think Bitcoin can
• 1:16:28
  still pump again, man, guys, guys, guys, did we all forget
• 1:16:35
  how to be bullish in the last five years?
• 1:16:39
  Really do a number on our psyche?
• 1:16:41
  We all have PTSD. I'm still and always bullish.
• 1:16:51
  Let's see over 95% mine 20 to 21 million, mine 5 million lost and
• 1:16:57
  Wall Street crashed the top to set their tables, which means
• 1:17:00
  we're about to see the five curve spike.
• 1:17:02
  All right, OK, let's go. I'm just saying, look, I could
• 1:17:09
  be wrong, but in the context of what we're seeing in traditional
• 1:17:15
  markets, in the context of Bitcoin being tiny, and I
• 1:17:20
  believe Bitcoin is a more powerful idea than basically all
• 1:17:25
  the companies on the stock market.
• 1:17:28
  I think it's a bigger idea than AI, hence why everyone's going,
• 1:17:33
  you know, AI agents will need Bitcoin.
• 1:17:35
  I think Bitcoin is bigger than all of the, you know, I wouldn't
• 1:17:41
  say all the capital in the world because a lot of people will
• 1:17:43
  still want more traditional investment products or you know,
• 1:17:48
  whether that's art, collectibles, real estate,
• 1:17:52
  etcetera. I think there will always be a,
• 1:17:54
  a need for those. But I think Bitcoin is still
• 1:17:59
  very early and I'm just, I like, I'm looking, I'm looking at the
• 1:18:05
  S&P 500 add 10 trillion. I'm looking at gold add 10
• 1:18:08
  trillion. I'm like, is it so crazy to
• 1:18:10
  think that Bitcoin could add 10 trillion and diminishing returns
• 1:18:16
  completely destroyed? I don't know.
• 1:18:20
  OK, I'm, I'm just, I'm just starting Monday off a little
• 1:18:27
  strong with some bullishness. OK, That's all I'm saying.
• 1:18:30
  All I'm saying is you guys are all bearish.
• 1:18:34
  I remember when you guys were bullish.
• 1:18:37
  It's making me sad. I thought we were all bulls
• 1:18:38
  here. And yet everyone's like, oh, you
• 1:18:42
  know, Bitcoin volatility has gone down.
• 1:18:45
  There's no way $10 trillion could be added to the market
• 1:18:47
  cap, bro. Bitcoin's only going to do like
• 1:18:49
  a 3X. Like we'll get lucky if we get
• 1:18:51
  to 200300K this next cycle. Like, I don't know, man, I, I
• 1:19:01
  remember, I remember having a dream.
• 1:19:03
  I remember being so bullish. It hasn't happened yet, but I
• 1:19:09
  can't let go of it. Can't let go of it.
• 1:19:11
  Anyways, that's what I got for you guys today.
• 1:19:14
  I hope you enjoyed it. Actually, the numbers keep
• 1:19:17
  going. Like you guys like the Monday
• 1:19:18
  bullishness. OK.
• 1:19:20
  OK. Drinking that bull sauce.
• 1:19:22
  Hell yeah. Yeah.
• 1:19:24
  The stash is kind of strong, right?
• 1:19:25
  I haven't shaved in a couple of weeks.
• 1:19:27
  It's a little dirty. Thank you, Harry.
• 1:19:29
  Harry Garcia. Yeah, yeah, yeah.
• 1:19:33
  I'm a boy out there. Anyways, anyways, it's Monday.
• 1:19:37
  It's going to be a very interesting week.
• 1:19:41
  Few things going on, in my opinion.
• 1:19:43
  Obviously the Clarity Act markup on Thursday, it's going to be a
• 1:19:47
  big moment. It's going to be a big moment.
• 1:19:49
  Maybe you're like me, I'm a little burnt out on that, on
• 1:19:52
  even talking about it, but finally the rubber hits the
• 1:19:56
  road. And then two more in the price
• 1:20:00
  action stuff. And I know some of you guys
• 1:20:02
  don't like the price action stuff.
• 1:20:04
  But the 82 K range is going to be very interesting.
• 1:20:08
  I, I think the next few days maybe we did, we did correct a
• 1:20:13
  little bit. I think we're still around the
• 1:20:14
  80, you know, 80K range. But we do have a kind of two
• 1:20:20
  very interesting points right now.
• 1:20:23
  We have the resistance, horizontal resistance around 82
• 1:20:26
  K and then we have a trend line that is building up.
• 1:20:31
  They are magic lines. I I agree with you, but it's
• 1:20:37
  going to be very interesting if these two areas cause something
• 1:20:43
  to pop. I'm I'm taking the bullish bet
• 1:20:47
  to the upside, but who knows if the clarity act markup markup
• 1:20:52
  does go through on on Thursday, I wouldn't be surprised if the
• 1:20:57
  Bitcoin price tag guys, I'm just saying I'm just saying don't be
• 1:21:04
  surprised if we get some good news in the Bitcoin price dumps,
• 1:21:08
  but I'm I'm still taking the bullish side.
• 1:21:10
  I I think you know, I'll, I'll go back to what I said.
• 1:21:13
  I'm I'm kind of looking at that 85 K range guys, I'm kind of I
• 1:21:18
  don't know man, the oracles are telling me we're at 82 right
• 1:21:23
  now. Shut up, let's go.
• 1:21:25
  OK, Maybe my 85 K prediction is maybe I'll be right.
• 1:21:32
  Let's see. All right, before I go, let me
• 1:21:34
  let me just let me just check where we currently are.
• 1:21:37
  Let me go to my chart real quick.
• 1:21:42
  Oh, a little red hammer. I'm seeing 81 nine, but yeah,
• 1:21:47
  it's about 82. I don't know.
• 1:21:50
  Red hammer. Red hammer is not good.
• 1:21:52
  Let's see what happens by the end of the day.
• 1:21:53
  Let's see what happens by the end of the day.
• 1:21:55
  If we can end the day green, I don't know boys.
• 1:22:01
  I'm starting to feel bullish. I'm starting to feel bullish.
• 1:22:03
  I we are starting to feel bullish.
• 1:22:07
  You can't have a bullish uptrend within a bearish downtrend.
• 1:22:10
  I agree, but I don't know guys. I'm not convinced we are going
• 1:22:15
  to be in this bear market till October.
• 1:22:21
  What do I know? What do I know?
• 1:22:23
  I'm just saying I'm just saying anyways guys, I love you guys.
• 1:22:28
  I appreciate you guys have a good rest of your day.
• 1:22:33
  We will be back this week normal time we should 12:40.
• 1:22:39
  I I shouldn't be too late this week, but who knows who knows
• 1:22:43
  all right anyways, you already know the deal.
• 1:22:47
  It is Monday, all right, We are locking in for Monday.
• 1:22:50
  So what's that mean? It means every single one of you
• 1:22:56
  has a couple of things you need to do.
• 1:23:00
  You got to lock in on your diet. You got to lock in on your
• 1:23:03
  workout, even if that's just getting your 10K steps.
• 1:23:08
  You got to lock in on, you know, buying more Bitcoin or maybe by
• 1:23:13
  the end of the week, spending less money so that you can buy
• 1:23:16
  more Bitcoin. Call your loved ones.
• 1:23:19
  Hopefully you called your mother yesterday.
• 1:23:21
  And then, you know, for those whose mothers are still around,
• 1:23:24
  hopefully you called your mother or you know, your your siblings
• 1:23:28
  that have children. Hopefully you're not just a
• 1:23:30
  hermit and you forgot to reach out to your loved ones and your
• 1:23:35
  friends. You know, relationships are
• 1:23:38
  important here. You know, we, we need that
• 1:23:40
  connection. Get outside, get some sun on
• 1:23:44
  you. It's almost summertime.
• 1:23:45
  It's so hot down here, guys. I'm like melting.
• 1:23:51
  Get some sun. Lock in on your diet.
• 1:23:54
  Lock in on your workout. Lock in on your stacking goals,
• 1:23:58
  lock in on your cash flow goals. We are locking in.
• 1:24:04
  We are ascending in 2026. You got to do all the things all
• 1:24:09
  right it's not enough to just hold Bitcoin.
• 1:24:13
  You need to be elite human capital in all ventures of
• 1:24:17
  humanity. Need you guys looking good
• 1:24:21
  dressing sharp, stacking Bitcoin, being charismatic,
• 1:24:26
  being interesting. We're doing all the things did I
• 1:24:31
  got it? No, dude, I didn't do F1.
• 1:24:33
  I, I, I saw some of the memes. I, I kind of wanted to and I was
• 1:24:38
  burnt out. I freaking stayed on the couch
• 1:24:40
  all weekend watching Netflix did my workouts.
• 1:24:44
  I ate good, but bro, I was like, I don't have the energy to
• 1:24:48
  interact with anyone this weekend.
• 1:24:50
  So hey also rest up guys, you know, got to get the rest sleep
• 1:24:55
  well, get your 7-8 hours, you know, sleep all the good stuff.
• 1:24:59
  OK, we need you guys in peak physical, mental and spiritual
• 1:25:05
  condition. Going to be an interesting year
• 1:25:08
  anyways, guys. Ubermensch.
• 1:25:12
  Exactly, exactly. All right guys, I'll see you
• 1:25:17
  tomorrow. Have a good rest of your day.
• 1:25:19
  Peace out. Today's episode was brought to
• 1:25:22
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:25:26
  mission to enable financial independence.