Latest / Simply Bitcoin / Billion Dollar Family Predicts A $20T Bitcoin?! | EP 1241

Transcript

Billion Dollar Family Predicts A $20T Bitcoin?! | EP 1241 · Simply Bitcoin

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This legendary investing family that's all in on Bitcoin just
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went on national news and dropped a Bitcoin bombshell.
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Bill Miller, who has more than 25% of his net worth in Bitcoin
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and a great track record of making concentrated bets like
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betting huge on Amazon in the early days to help him build a
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billion dollar fortune, is now betting big on Bitcoin.
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He is doubling down on his Bitcoin positions, but his son,
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a legendary value investor in his own right, Bill Miller the
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4th, went on CNBC and said the following about Bitcoin.
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It's absolutely bullish AF in regards to Bitcoin overtaking
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gold. So let's play this clip for you
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guys. Which is one of the most
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important things to keep in mind if you just look at Bitcoin, it
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doesn't matter, right? Bitcoin doesn't care.
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It's back in the six figures with a lot of room to go.
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If you compare its primary functional use case, which is
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actually a check and a balance on the lack of accountability
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and Fiat unit creation, we still have a long way to go.
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So gold is a 20 trillion market cap.
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Bitcoin is still 2 trillion. Despite functional superiority
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to gold. It's much harder to steal, much
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easier to store, much easier to instantly transport, and more
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importantly, you can actually audit it.
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So I don't know if you saw it, but there's an estimate that
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said that auditing Fort Knox would take 44,000 hours and
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approximately 18 months to complete.
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I think it'd be a lot, a lot nicer for the American people if
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they could just go to a handful of auditable Bitcoin addresses
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on a blockchain explorer and see exactly where the American
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people's Bitcoin is. Absolutely love to hear it.
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One second, one second. One thing I liked about this is
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what he said about Bitcoin being functionally superior than gold.
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You know, of course, he's talking to the gold bugs out
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here. So I think this is a bombshell
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interview. Of course I'm here with Chris.
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Chris is filling in for Nico today.
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But man, these guys are legendary value investors.
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Bill Miller the third, his father, and Bill Miller the 4th.
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This is Bill Miller the 4th, and he's going out here on CNBC
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essentially shooting the signal out there and saying that, hey,
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you know, gold's at 20 trillion market cap, Bitcoin's currently
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at 2 trillion market cap, and Bitcoin is superior to gold.
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The interesting thing about this is what we always say on the
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show, the Bitcoin memes are going mainstream.
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Yes, I'm not the biggest fan of Bitcoin as digital gold, but it
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is an easy way for people to kind of wrap their heads around
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what Bitcoin is. A lot of people are very
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familiar with Bitcoin gold as hard money, you know, something
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that's an alternative to the Fiat system.
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And now we just continue to get the signal to beat out there
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into the into the mainstream about Bitcoin being superior to
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gold now moving forward. It wasn't just the Sun.
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Bill Miller the 4th talking about this.
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There's an interesting headline by Bill Miller the third, who,
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like I said, legendary value investor.
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He's kind of known for just doubling down on the big wins,
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the big bets, kind of what Sailor always says.
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And actually he was orange pilled by Sailor and kind of was
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the start of kicking off this institutional FOMO.
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There's this headline here. And don't get confused by the
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headline because he does talk about Bitcoin.
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But I think we're starting to feel this play out in real time.
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So this is an article that came out two days ago and it goes
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legendary investor Bill Miller on why the worst is over for
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stocks. Amazon's a buy and Tesla isn't.
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Markets have pretty much discounted the worst news, says
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Bill Miller. So as we've all been watching
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lately, we're all kind of watching what's going on in the
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equities, in the bond. We're all watching what Trump's
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doing with these trade wars. There's a lot of uncertainty.
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We really don't know what's going on.
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All those Bitcoiners are like, hey, you know, my bitcoins
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chill, it's in cold storage. I don't have to worry about
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anything going on in the macro market.
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But we do know that Bitcoin is becoming this macro asset.
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So there is some correlation here.
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And we have been covering this the last couple of weeks, this
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idea of Bitcoin decoupling from the tech stocks.
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It kind of acts like a tech stock, but now it seems to be
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acting in its own accord. It's doing its own thing.
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And I don't know if you guys saw, but yesterday we did a
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video about Bitcoin becoming the 6th largest asset in the world,
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overtaking Google. And, and right now Bitcoin is
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essentially battling Amazon for that #5 spot.
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It jumped it a couple times, it went down.
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Now it's currently slightly under Amazon.
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So, you know, Bitcoin's making some moves.
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We did claim that 5th largest asset by market cap for, you
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know, a little bit yesterday and this morning.
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I think we're going to overtake it as Bitcoin starts to run.
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Anyways, let's read this article a little bit.
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And again, this isn't just about stocks.
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There is some Bitcoin in here. So the question start for the
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article starts, is it time for investors to breathe a bit
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easier? And he goes, quote, I think the
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worst is over for the market and I'm pretty confident about that,
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says legendary investor Bill Miller, best known for beating
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the S&P 500 for 15 straight years.
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Absolutely nuts. 15 straight years, insane.
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Anyway, I'm not going to read this whole thing about, you
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know, the the different stocks, but I didn't want to bring up
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because he did say, you know, Amazon's a buy.
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Well, Bitcoin is, you know, it's on the verge of beating Amazon
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to buy biggest assets by market cap.
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So if Amazon's a buy, I would say Bitcoin's a buy.
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Now moving down, there is some Bitcoin in this article here.
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So he goes and I quote here from this article, Bill Miller or
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quote. He's a fan of strategy, formerly
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MicroStrategy, which he refers to as Bitcoin on steroids,
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highlighting its over performance versus NVIDIA since
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adopting its corporate Bitcoin treasury strategy.
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A long time Bitcoin believer Miller is sticking with that
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stance Quote. I think that pretty much
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whatever you're holding in Bitcoin, it's not big enough.
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Yo, billionaire legendary value investor is basically saying,
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hey, you're not holding enough Bitcoin.
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It sounds like he is totally a bitcoiner.
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He's saying the Bitcoin means like we are saying, and of
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course this is going to for lack of better terms, you know, the
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normie investor investors out there, Main St. investors and
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now going further, he said if they shelter in case of a dollar
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storm and trading quote way too low for the fact that it's now
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got a favorable regulatory environment.
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Also, if the US starts to buy Bitcoin strategically, other
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countries will follow and it's a fixed supply.
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Now, you know, this was just a little afterthought kind of in
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this article, but I think that's the main signal here that we
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constantly talk about. The message is getting out there
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that, hey, if you want to, as he did beat the S&P 500 for 15
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straight years, you probably want to double down on this
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Bitcoin position. You're probably not holding as
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much Bitcoin as you would like, considering we are going to see
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some incredible games here. Now, I went over to his
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Wikipedia just for you guys to kind of grasp, you know who this
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Bill Miller guy is? Of course, he's an American
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investor fund manager and he, again, he's famously went in on
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Amazon early, you know, made a huge bet.
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It obviously paid off at a time when people were very skeptical
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of Amazon. So he's very familiar with risk
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and he's very familiar with this idea of value investing.
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The only reason I'm bringing this up is because there's a
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great quote here that I think few people really, really think
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about when they look at Bitcoin. They probably just look at the,
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you know, 100K price today and they're like, yeah, it's kind of
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expensive. And, you know, I can't even buy
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a full Bitcoin. Like why am I going to buy this?
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I'm missing out on the games, but I I really like this this
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quote here from Bill Miller, the third the father and it goes
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Miller's considered a value investor who believes that quote
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any stock can be a value stock if it trades at a discount to
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its intrinsic value. Miller has reiterated his
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investment philosophy multiple times in letters to
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shareholders, writing this in his 2006 letter.
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And it goes, quote, value investing means really asking
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what are the best values and not assuming that because something
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looks expensive that it is or assuming that because the stock
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is down in price and trades at low multiples that it is a
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bargain. Sometimes growth is cheap and
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value is expensive. The question is not growth or
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value, but where is the best value?
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And they construct their portfolios by using this factor
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diversification, you know, finding the best value.
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This is what it means to be a value investor is to look at
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different, you know, assets and stocks and make up your own mind
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and be like, hey, is this thing valuable?
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Is this thing under appreciated? Are people not looking at what's
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really going on and noticing that this might be the best bet
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that there is out there? And it seems like they are doing
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the same thing with Bitcoin. I saw the, you know, looking
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into a little more of the data this morning.
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They're betting pretty big on GameStop, MicroStrategy and
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Bitcoin. And of course, we all know
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what's going on with GameStop. They're kind of dragging their
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feet here. They should be, you know, what's
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it deploying their I think it's $4 billion of cash in Bitcoin
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already. They've already missed about
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like a 20% gain. I saw some number or sorry, it
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was 6 billion. I saw some numbers yesterday was
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like if GameStop had deployed their total 6 billion of cash
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into Bitcoin by now, they would already have increased 7.5, you
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know, gotten that to 7.5 billion just since they announced it.
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So you're starting to see that this idea of value investing in
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Bitcoin is catching on. Obviously us, us Bitcoiners and
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you guys in the chat, we're very huge on this idea that Bitcoin
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is obviously totally undervalued.
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This is, as I would say, the only thing you should probably
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be owning right now considering there's so many uncertain
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macroeconomic factors going on right now.
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You want to have a neutral fixed supply asset?
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That can't be. Wow, I'm blanking on it.
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Can't be debased. Can't be debased wow, I was
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going to say deployed can't be debased and here we are.
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The signal is getting out there guys like, you know, as much as
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the new meme of the suit corners is kind of becoming a, you know,
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a new rhetorical tool that bitcoiners are using to kind of,
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you know, do purity tests or whatever have the institutional
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money is here and they're looking at Bitcoin.
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They have to all be looking at Bitcoin.
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We, we showed you the, the, the chart last week, a couple weeks
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ago, where when Bitcoin did kind of decouple, every investor had
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to look at Bitcoin and, you know, make up their mind.
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Why is Bitcoin not going down when the stock markets are down,
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when treasuries are down? Like what is going on here?
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And so we're starting to see a fundamental shift in the
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ideology, or rather the understanding around Bitcoin.
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And it's it's I think it's going to happen a lot quicker than we
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believe. Of course, we've been seeing a
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lot of analysts in the last week essentially say, hey, I was way
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too bearish. I was way too conservative.
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We've seen some of the biggest banks in the world, you know,
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trillion dollar banks not only get into Bitcoin and talk about
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deploying capital into Bitcoin, trying to custody Bitcoin,
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Bitcoin products. We're seeing their analysts be
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like, yeah, I think 120 K by the end of the year was way too
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bearish. And I know for a little while
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Niko was on the show being kind of bearish on the show because
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of the price, But I I'm starting to get the tingles.
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I'm starting to feel like, yes, it, this is going to be a great
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end of the year and I'm here for it.
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Let's stack some stats. Let's continue to cover the
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news. Anyways, I've rambled enough.
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Chris, what's your thoughts on this?
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Rather, maybe start with what's your thoughts on the general
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trend or narrative around Bitcoin shifting in real time?
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Yeah, well, I actually want to start with the Bill Miller
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point, but then I'll start back to like the general sentiment.
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So Bill Miller, legendary investor, he was the grounding
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partner of Miller, I believe it was Miller Capital.
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Miller Value Capital. Miller Value Capital, Thank you.
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But he actually attended A lecture at one of the
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universities, I think probably in MIT or some area like that in
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back in 2012 that was talking about Bitcoin.
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And he actually bought his first Bitcoin back in 2012.
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Obviously, like most people, you buy a little Bitcoin, you don't
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really know what you own. And ultimately, I don't know if
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he sold that position, but he began rebuying again in 2014.
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So still, I mean, if he's been buying and keeping a position to
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my knowledge since 20, 2014, now eleven years later, he's been in
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Bitcoin longer than most people have.
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And you know, he's a super, like I said, he's a value investor.
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He believes in like valuing stocks, equities, bonds, or
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valuing things based on where they're going and you know what?
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They are not based on what the current price they're trading at
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is. So I know, I know famously in
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2021 or 2022, he basically said, yeah, My Portfolio right now is
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50% Amazon, 50% Bitcoin. And I'm very comfortable with
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that. And you would have thought the
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CNBC hosts were like, what the hell, This guy's insane.
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Like, don't listen this guy. And like, you know, I think
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there's a lot of wisdom in a lot of the older hedge fund guys,
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the ones that come to mind. So aside from Bill Miller, the
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3rd and his son are very smart, but Paul Tudor Jones, Tim
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Draper, who's the other one, Stanley Drunken Miller, they're
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all people in the past that have talked about Bitcoin and
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basically saying how they believe it is a great asset to
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own. Obviously they own many other
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things like stocks, bonds, gold, Bitcoin, but like they've been
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talking about beating the drum at least the last five years, if
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not longer. All of them talking about how
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Bitcoin's a great asset to own. And as we debase the currency,
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it's the best and you know, the fastest horse you probably want
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to own. So with that being said, I think
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the current market sentiment right now is I think Opio is
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right. There's been a lot of chop or a
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lot of like, you know, we hit the all time high in January and
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then we've kind of been steadily declining down into the 70K
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range and people are going a little stir crazy like, yo, this
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is the worst bull market ever. You know, the having happened
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last April or last March and now we're sitting here over a year
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later. It's like, what the heck.
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Normally I was told 6 to 18 months later we have this
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incredible bull run and that has not been the same, the same.
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So obviously, I think that, you know, history will repeat
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itself. You know, history doesn't always
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repeat itself, but it rhymes for sure.
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So I do think we're going to go on a crazy bull run.
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And I think a lot of the monetary policies are loosening,
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meaning that they're going to start printing more money.
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Obviously there was a talk of recession with Trump taking
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office and doing the tariffs, doing global tariffs, turning
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off the tariffs, turning back on the tariffs, pausing the tariffs
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right now and going after China. So I think the markets are
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really hating uncertainty. And I think things are starting
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to smooth over as Trump and his administration start doing deals
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with various countries. Obviously, I don't think it.
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I think it was basically trying to wake up the markets and say
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like, hey, like, I'm legit like, we're doing this.
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Obviously the Trump administration, the Republicans
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have to be careful because I can't believe it's already like,
14:38
once we get into the next year. So in 2026, basically, it's
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already a midterm election year. So it's going to be, you know,
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the cycle repeats itself. And obviously, the Republicans
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don't want to lose any ground in the House, the Senate, and
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obviously they won't lose the presidency until 2028 at the
14:51
latest or at the earliest. But I think the markets were
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kind of shocked and scared and didn't know what was going to
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happen. What's going to happen is US and
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China are going to get in a war. What's going to go on with
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Russia, Ukraine, What's going on with the Gaza?
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Like there was a lot of uncertainty and the markets hate
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that. They like certainty, not that
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the markets can always be certain or, but like they like a
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direction and a path they're going.
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And I think we're on a better path right now as we can see.
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Bitcoin's over $103,000 right now, $102,000 last time I
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checked. And then obviously the stock
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market's kind of rallying as well.
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But I think all's good. And also, I know our good
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buddies are Lawrence Laparde always talks about how gold
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rallies first. And we saw gold has been
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rallying a lot in the last couple months.
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So gold normally rallies first and then Bitcoin rallies
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hardest. So I do hate to say that we're,
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we're simply gold now. But like we, we simply evaluate
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gold and then we say buy more Bitcoin.
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But yeah, I think we're going to go on a good tear here.
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Simply stocks and gold. That's our new that's our new
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branding over here. But no, you know the interesting
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thing about some of the names that you mentioned and of
15:54
course, like Larry Fink and even Donald Trump and just the kind
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of like ripple effect we've seen play out right now.
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And Nico's been, you know, very bearish lately in in saying like
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we have had the best news cycle ever and the price hasn't
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started ripping. And it really makes me wonder
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like what news are people watching right now?
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Because it seems like we have the bullish setup like the most
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bullish setup we can in regards to news surrounding Bitcoin and
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Bitcoin is just kind of like doing its thing.
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Obviously Bitcoin doesn't care like that clip said, you know
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Bitcoin doesn't care what's going on.
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Bitcoins going to do its own thing.
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But it is interesting to see with all these different
16:34
indicators going on that we aren't starting to see the FOMO
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like we're what 5% away from all time high and we don't even have
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retail here. Now.
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I know I've been kind of trolling that retails probably
16:45
broke now considering all the inflation we've seen and we
16:48
don't have the free money we had when we had the 2017 blow off.
16:52
But it is interesting to kind of watch the the market sentiment
16:56
around Bitcoin from from Main Street and of course,
16:59
institutional capital, like you're seeing institutional
17:02
capital, the biggest institution in the world, like they are
17:05
starting to FOMO like they're they're feeling the FOMO craze
17:08
right now. And let's not forget Saylor
17:10
himself is feeling the FOMO craze like he is buying Bitcoin
17:15
like a maniac. So it's interesting that some of
17:17
the the, you know, the deeper pockets in in just traditional
17:21
markets are looking at Bitcoin and they're like, this is a
17:23
stupid easy buy right now. And everyone else is kind of
17:27
like, I don't know about this Bitcoin thing.
17:28
It's never going to go to all time high.
17:30
Maybe it's going to drop again. And the people that have been
17:33
investors for a long time, maybe that's just the, you know,
17:35
asymmetry in an investor knowledge here.
17:38
But the people that have the deep pockets that know what is a
17:41
value asset or a value investment are like, I need to
17:45
get as much Bitcoin as possible because because this thing is
17:48
going to run and everyone else is kind of just on the
17:51
sidelines, you know, worried about the whatever the next
17:55
Netflix show or the next gossip on Twitter or something.
17:59
And we're over here just like guys, this is the best setup
18:02
possible. Like you need to be buying
18:04
Bitcoin. You need to continue to double
18:07
down on your Bitcoin positions because you know, I don't, I
18:11
don't want to say it because I'm going to jinx it before I even
18:13
get to the numbers, but this yeah, we might have seen the
18:15
last time that you can buy under .1 million, you know, dollars of
18:19
a per Bitcoin here. Like you can still buy Bitcoin
18:23
under point $2,000,000 as far as I'm concerned.
18:25
But it's just interesting to see the market psychology like
18:28
people are still asleep and we're almost at all time high
18:31
again, Like, what's going to be that factor that gets people to
18:35
like really start to take a serious look at Bitcoin?
18:38
Yeah, I, I think there's a few things I want to add.
18:40
So one thing that I just saw there was a chart that there's
18:42
over a billion dollars in short interest at $110,000 Bitcoin,
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meaning that people are expecting, they're shorting it
18:48
saying it's not going to hit break an all time high and go
18:50
down. Normally when people use
18:52
leverage, like I said, a fool and their leverage separate
18:55
themselves and their Bitcoin. So I am not one to advocate for
18:58
using leverage personally, I, I don't, but you know, buyer
19:02
beware. You know, if you do that, that's
19:05
up to you. So I do think bitcoin's going to
19:07
do what it historically does. It'll, you know, potentially
19:09
wake up, it'll liquidate all those people.
19:11
We'll go to like maybe 100 and 15110.
19:13
This is completely hypothetical and everyone's like, yo, the
19:16
bull market's on. Let's leverage long.
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So then the let they start leveraging long instead of
19:20
short. And then what happens?
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Bitcoin drops, wipes all those people out.
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So then we're going to drop down to 100 KA 105 KA 106 like, Oh
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well, we're not at our the what the previous all time high was.
19:31
And then all of a sudden, after all the leverage gets wiped out
19:33
on the shorts and the longs, then, you know, we'll be
19:35
stagnant and people be losing their minds.
19:37
We're not going up, we're not going down.
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What's going on? And then all of a sudden we'll
19:40
just go crazy up or crazy down and the cycle repeat itself.
19:43
But I think in the long run, ultimately we're going to go
19:46
only higher. Opti I do want to bring up the
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one point that you brought up, which is good.
19:49
It's like, why have the last couple months have we not seen
19:51
all time highs? Like, you know, we have the
19:54
Bitcoin strategic reserve. We have an administration that's
19:56
rolling back regulations and rules.
19:58
You know, we don't have developers getting arrested like
20:00
we saw a lot. In 2022 and 2023, we have all
20:04
these things that are stacking up to to have a great bull run
20:07
basically. So why is the price not moving
20:09
much? I think there's a couple things.
20:11
One, we're seeing a lot of different products open up.
20:13
So obviously we have the ETFs in 2024 and there's you have a host
20:16
of like 12 or 14 or 15 different options.
20:18
Then we're seeing a lot of companies follow or mimic
20:21
MicroStrategy or Strategies Playbook.
20:23
So we have Metaplanet, we have similar scientific, we all have
20:26
all the public miners, we have all these different companies,
20:29
companies. We saw folds go public on the
20:31
NASDAQ. So I definitely think 1, it's a
20:33
lot of 1, the fear on the markets, as we mentioned earlier
20:36
with the tariffs, everyone's kind of uncertain.
20:38
They just kind of want to keep their cash or their assets close
20:40
to their chest. They don't want to invest
20:42
capital or deploy capital differently.
20:43
They kind of want to wait and see.
20:45
And then two, even when they have capital to deploy, they're
20:47
deploying it in a lot of their things.
20:49
Obviously on this show, we like to keep it simple, buy Bitcoin,
20:52
take it into self custody. You know that that's what you
20:54
keep doing. Don't buy stocks, don't buy
20:56
bonds, don't buy gold, don't buy all these other things.
20:58
You know, we recommend take sats, buy them wherever you
21:01
want. You know, if Bitcoin wells what
21:03
we recommend and then pull into some cold storage and then you
21:06
know, you're you're good for the long run there.
21:08
But I think the diversification of different assets, you know,
21:11
obviously Jack is doing what is it capital 21.
21:14
There's all these different companies and different options
21:16
stay focused, you know, eye on the prize.
21:18
You want you and your sats. You don't want any stocks.
21:21
You don't want bonds, you don't want all those.
21:22
Obviously you can buy them if you want, but different risk
21:24
profiles for those Bitcoin and cold storage when you have a
21:28
robust setup is the way that you want to go personally.
21:30
So I just definitely think there's a lot of diversification
21:33
and I think there's a lot of fear in the markets which kind
21:34
of holding up the Bitcoin price. But still, if you just keep
21:37
staying humble, stacking sacks, in the long run, I think that's
21:39
going to be the winning strategy.
21:41
Yeah, 100%. I mean, we are seeing a whole
21:44
new round of I like Bitcoin by my stocks right now.
21:48
And it is kind of making me a little nervous of what's going
21:52
to happen. May it's probably not this
21:53
cycle. It could be, you know, four
21:55
years from now when everyone's kind of lowered to sleep.
21:58
But you know, I think it's a non zero chance that we might see a
22:03
rug pool from one of these, you know, Bitcoin corporate treasury
22:07
companies. Hence, while we're like, look,
22:09
just buy Bitcoin, yes, maybe you're missing out on some of
22:12
the Fiat games, but I sleep better at night knowing I have
22:15
Bitcoin and you guys can, you know, get get, you know, a
22:19
little extra gain on top. As as you know, Bill Miller
22:22
said, you know, like micro strategy is Bitcoin on steroids
22:24
like that's cool. I'm all natural here, you know,
22:27
I don't need any juice. I like.
22:29
Don't need gear. Yeah, don't need gear on my
22:32
Bitcoin, I just need some Bitcoin anyways, man, we got a
22:35
great show for you guys. So, and the numbers, I got some
22:38
numbers here for you guys in regards to Bitcoin just
22:41
outperforming all the markets and you know, what could be an
22:44
ideal portfolio for a lot of these people that are a little
22:46
timid on Bitcoin. And then we got some news coming
22:49
out of the Office of Comptroller about banks being able to
22:51
custody Bitcoin, you know, big stuff.
22:54
And then in the culture, Nika sent me a really cool
22:57
screenshot, which kind of relates to the conversation we
23:00
were having yesterday with Uncle Rockstar.
23:03
You know, we've been getting called clickbait scammers here
23:05
on the show all the time. And yeah, we're we're scamming
23:07
you into profits and someone ran the numbers for us.
23:10
So this is going to be fun. Anyway, before I move on, I do
23:14
want to say, guys, make sure you smash the like button to hit the
23:19
subscribe and of course, comment on the show.
23:21
Let us know. Are we overly bullish?
23:23
Do you you know, are you are you all in on gold?
23:25
Gold bugs? Give me some hate in the chat
23:28
and of course give a shout out to our lead sponsor.
23:31
Chris brought it up. Bitcoin Well go to
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Well, now, of course, it is Friday, so we'll, we'll, we'll
24:10
play the wishing well game for you guys.
24:11
Hold on. I'm, I'm, you know, logging in
24:13
real quick. Here we go.
24:16
Of course, when you sign up, you get 3 tosses into the wishing
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well and every time you buy Bitcoin, you get more points so
24:22
you have more chances to win a million sets.
24:25
So hey, pull out your lightning wallets.
24:27
Maybe the million sets is coming right now.
24:29
We shall see Drum roll please. Let's see first come, first
24:34
serve and you win 675 sets and and some alpha for you guys
24:40
rumbles faster. So maybe you guys want to pop
24:42
over to Rumble. I didn't I didn't recommend that
24:44
I didn't recommend that. All right, guys, on that note,
24:47
let's get into the show. I want to tell you guys about
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leave your seed phrase in a piece of paper in your sock
26:37
drawer. On that note, shouts out the
26:40
Cavs big Diesel Nelson, who's always, you know, advocating for
26:43
the likes. Smash the like guys, it's free.
26:45
We're let's get to 150 at before the end of this segment and
26:50
let's get this pushed out into the AL goes OK, I'm on Clark
26:52
Wendy's dashboard yes guys I, I did do the full Nikko bag.
26:56
You guys caught me it's a Friday all right the current Bitcoin
26:59
price is 102,420 lol The SAT per dollar is currently at 976 SAT's
27:08
AKA how much Bitcoin you can buy for a single dollar, AKA how
27:10
much the dollar is worth in Bitcoin and the current block
27:12
height is 895,987 and you can see the market cap.
27:17
We have reclaimed $2 trillion market cap.
27:19
We are currently at 2.0, 3 trillion again, we need to get
27:23
to 2.04 ish like 2.05 trillion to completely surpass Amazon as
27:31
the 5th largest asset in the world.
27:34
So obviously the price is correcting a little bit, but
27:36
we're, we're gonna, we're gonna overtake Amazon, which I think
27:38
is going to be, you know, a big realization for a lot of people
27:42
like, wait, Bitcoin's bigger than Amazon.
27:43
I know Amazon. I, I haven't studied this
27:45
Bitcoin thing. Anyways, Bitcoin versus gold
27:47
market cap is currently at 8.75%.
27:50
So much to run in the hard money game.
27:52
Again, Bitcoin is a $2 trillion market cap.
27:55
Gold's I think roughly around 22 trillion.
27:58
We're coming for that market cap.
27:59
That's a 10X plus here. It is going to happen.
28:03
It's an inevitability. The total percentage of Bitcoin
28:05
that will ever be issued is currently 94.58%, roughly 19.862
28:10
million Bitcoin and the realized monetary inflation .84%.
28:16
And I added the decline from all time high just because it's fun.
28:19
We're we're chasing the all time high again, we're currently down
28:22
at -6.3% from all time high. And this number, I actually
28:27
didn't plan it like this, but this number goes straight into
28:31
our numbers game here. So shouts out the Bitcoin
28:33
archive on Twitter. He ran the numbers and this is
28:37
one of my favorite things to do right now because we all know
28:40
the FUD around Bitcoin. There's so many classic FUD
28:42
lines, you know, we're going to boil the ocean.
28:44
Bitcoin miners are going to use all the electricity in the
28:46
world. Bitcoin is too volatile.
28:48
Bitcoin has no intrinsic value like what's backing Bitcoin,
28:51
bro, You know the government is going to stop Bitcoin.
28:54
Well, we are showing in real time again with this, you know,
28:57
recent decoupling meme that Bitcoin, you know, is less
29:01
volatile than the supposedly, you know, more stable stocks in
29:06
the market. And he did this great tweet
29:08
because Amazon, Tesla and Google all had bigger draw downs in
29:12
Bitcoin in the last six months and nobody said they are too
29:15
volatile. In the last six months, Amazon
29:18
was down -33% Tesla was down -56% Google was down -32% and
29:23
Bitcoin was down -31% Bitcoin is volatile, sure, but only only
29:29
Bitcoin bounce back to push for new all time highs.
29:33
As we always say, buy the dip. Only Bitcoin is the thing
29:36
that'll go down and then RIP back upwards out of, you know,
29:40
who knows at what time frame, but it's inevitable.
29:42
You know, it's going up forever. Well, I hate to use inevitable,
29:45
but it's going up forever. We don't know when it's going to
29:48
happen, but I love this metric here because I'm sure if you're
29:51
talking to your friends and family or someone that's like an
29:53
investor and they're in the stock markets and equities and
29:55
stuff, they're always like, oh, Bitcoins too volatile.
29:58
That's that's kind of the main thing you hear usually from
30:00
people. It's like, oh, that Bitcoin
30:02
thing's cool, like enjoy your game, but it's too volatile for
30:05
me. Well, everything is volatile and
30:07
you know, volatility is life and Bitcoin was less volatile than
30:11
some of these name brand stonks out here that probably all of
30:15
your friends are owning. And yet Bitcoin is the only
30:17
thing that is ripping back towards all time high.
30:19
So hey, Bitcoin is volatile, sure, but so is everything else
30:24
when you see all this uncertainty in the market.
30:26
So now moving forward in the numbers, you know Bitcoin in
30:28
traditional assets like Bitcoin has vastly outperformed the S&P
30:31
500, which is basically in everyone's 4O1K in retirement.
30:35
And it doesn't matter what year you look at, Bitcoin has vastly
30:39
outperformed the S&P 500 and gold.
30:42
So I know logically, when you speak to people, the logic
30:46
doesn't get through, your arguments don't get through.
30:48
It's emotional arguments that really get through.
30:50
But when you really put the math down, Bitcoin is the best thing,
30:54
period. It doesn't matter what you're
30:56
looking at. Yes, it's volatile.
30:58
Yes, it performs better than everything else.
31:00
Volatility is life. This is why you want to buy some
31:03
and we were going to put this on the show a couple of days ago,
31:06
but I saw this chart and I thought it was really
31:09
interesting. So Coin Telegraph tweeted this
31:12
on May 6th and it goes inside a 3% Bitcoin allocation
31:16
outperformed cash and money market funds.
31:18
Since 2020, again, only a 3% allocation into Bitcoin has
31:25
outperformed money market funds, cash.
31:28
And of course, you know, I would say everything else.
31:31
But I think we're starting to see a lot of data where when
31:35
people come in and they say, you know, Bitcoins too volatile,
31:37
like, oh, it's not, you know, it's not been tested yet.
31:41
We have so much data now to show that even a small amount of
31:45
Bitcoin in your portfolio is going to vastly outperform
31:49
everything else. Again, I've been saying it
31:51
constantly the last couple of days.
31:52
The only thing you need to do is get off 0, even if that's 1% of
31:56
your portfolio, half a percent of your portfolio, you just need
31:59
to start. And now I know a lot of people
32:02
still kind of look at Bitcoin as this untested asset, you know,
32:05
the speculative asset, but the numbers don't lie.
32:08
That's it's outperformed the S&P 500 only 3% portfolio has
32:13
outperformed everything else since 2020.
32:16
And of course Bitcoin was volatile, but now it's the only
32:20
thing going back up. Oh, did, did none of this come
32:22
up? Have I just been OK, my bad, my
32:25
bad. Let me show you this and and
32:26
Chris, you talk while I show this.
32:28
Oh, you guys, I I thought, no, no.
32:30
That came up. Yeah, that was good.
32:32
I was just going to add to what you were saying.
32:33
So I know that you said a 3% allocation to Bitcoin and a 97%
32:37
to cash. What was the?
32:39
You said it outperformed what again?
32:41
Money market funds and cash itself.
32:43
So only 3% Bitcoin allocation outperformed cash and money
32:47
market funds since 2020. And I know I, I believe it was a
32:50
1% allocation of Bitcoin and a 99% allocation of cash
32:55
outperformed. I have to, I forget what it was.
32:57
I think it outperformed the S&P 500 / a certain time period as
33:00
well, I think. Wait, what'd you say, 99% cash,
33:03
1% Bitcoin? Out.
33:05
Yeah, maybe I have to look at it again, but I remember it was, I
33:08
think it was like 1% or maybe it was, maybe it was 5%.
33:10
I I have to look, but I remember it outperformed basically the
33:13
S&P 500 for a certain time period as well.
33:16
Like if you're 100% S&P 500, I think it was 5% and 95% cash and
33:20
it had less volatility than the S&P 500 for the last five years.
33:23
That's crazy. That's nuts.
33:26
Yeah. It just like it's really
33:28
becoming with all the new data, it's really becoming a no
33:32
brainer that you have to look and save in Bitcoin.
33:36
Like if you're if you're being honest and open minded about it,
33:38
it's becoming a complete no brainer that even a small
33:41
percentage of your portfolio in Bitcoin is the right move.
33:45
Like you don't have to be, you know, like us.
33:47
Like shout out to this comic Chris over here.
33:49
Not not this Chris, another Chris.
33:51
He goes shit, I'm 100% in Bitcoin.
33:53
Only acid on worth by look, you don't have to be like us where
33:57
we go 50 percent 75% a 100% all you really need to do is get off
34:02
0. You just have to play the game.
34:05
You need to have some of your portfolio and Bitcoin.
34:08
Now, of course, I'm probably not talking to institutional
34:11
investors here on the show, but I'm trying to bring up all this
34:14
data. So if you're like kind of new to
34:16
Bitcoin, if you kind of just clicked on the video and you're
34:19
still watching the show and you're still wondering maybe I
34:23
need some big, maybe you're like full Bitcoin is the dystopia
34:26
thing here. Like even if that's the case,
34:28
man, you know, you should probably hold a little bit of
34:32
Bitcoin even just for the price exposure.
34:34
You don't have to be here for the revolution like us, but if
34:37
you are, you're going to vastly outperform.
34:39
OK, so here I got it from Chris. Let's read it.
34:42
So 1% Bitcoin, 99% cash portfolio outperforms Gold Bond
34:49
and the S&P 500 stocks. I will warn that this was over
34:53
the time frame of the one year of 2018.
34:55
So that was obviously kind of an outlier, but it's a it's just
34:58
it's good to show. I think like I said, you can
35:00
risk adjust it that like, hey, nowadays if you have 5% Bitcoin
35:03
and 95% cash, you will still outperform.
35:06
Obviously you're taking more risk by having a larger big
35:08
risk, quote UN quote by having a Bitcoin position.
35:11
But I think you'll find the 95% in cash is actually the more
35:14
risky option than the 5% Bitcoin so.
35:18
Yeah, the, I, I mean, I love how we flip the meme where it's like
35:22
Bitcoin is the risky asset and we're like, no, cash is the real
35:26
risky asset here, dude. Do you understand what's going
35:29
on? No one wants to hold cash.
35:30
Literally no one wants to hold cash.
35:32
And. And we have examples to prove
35:34
it. Oh, you're in Nigeria and hey,
35:35
they're getting rid of large denomination bills.
35:37
Hey, you're a Canadian trucker and they want to show off your
35:39
bank accounts. Hey, you know, what was the
35:42
other thing? Silicon Valley Bank is
35:44
collapsing. You know, they're potentially
35:46
not going to make you whole on your deposits.
35:47
They ultimately did, but they can.
35:49
Hey, like all these different things of like Ukraine and
35:53
Russia, the Ukrainians and Russians, they're fighting a war
35:55
and their own governments, you know, whether you like Russians,
35:57
whether you like Ukrainians, whether you don't have a dog in
35:59
the fight. If you're Ukrainians, they only
36:01
allowed you to take up to, I think, $200 to flee the country.
36:04
And if you're a man 65 and younger, you had to stay 18 to
36:07
65. Only women and children are
36:09
allowed to leave. If you're a Russian, you got cut
36:11
off the SWIFT system and you couldn't send money at all.
36:13
So basically two people that are fighting a war and you know,
36:15
their civilian populations are the ones getting screwed, both
36:17
of them. So like it just shows like you
36:19
don't have to be the good guy or the bad guy.
36:20
Like you can get screwed in any way.
36:21
The Canadian truckers, the Nigerians, the Ukrainians, the
36:25
Russians, like you name it. Like it's not if I can use my
36:27
money, it's you have a two or three multi sig with yourself,
36:30
the bank and the government. And the two of those three have
36:32
to agree to allow you to take your money out.
36:34
Yeah, a lot of the times they do, but with the times they
36:36
don't, the year shit out of luck unless you have Bitcoin.
36:39
Yeah, totally. And I wasn't going to cover this
36:41
today, but I'll bet you kind of brought it up, you brought
36:44
something very similar up, so I'll sneak it in here real
36:47
quick. But we saw this play out this
36:49
week as well. There's European capital
36:51
controls right now. So Spain will introduce 150K
36:54
euro penalty for failing to report cash withdrawals of over
36:58
€3000 with 24 hour notice. When state authority
37:03
authorization is required to access your money, it's no
37:06
longer your money. The EU is bank up bankrupt and
37:09
will try to seize your assets and hear you say notice of cash
37:11
withdrawal. If you wish to withdraw more
37:13
than €3000 in cash, you must notify the tax agency at least
37:18
24 hours in advance of the withdrawal.
37:20
You must also specify the purpose of the withdrawal and
37:23
failure to comply with this requirement may result in fines
37:26
of up to €150,000. So as.
37:30
You've been taking out $3000 in cash and then get fined 150
37:34
dollar. Crazy.
37:35
It's literally crazy. This is why you need Bitcoin.
37:39
We're seeing, we're seeing the writing on the wall.
37:41
The EU is, is very purposely trying to, you know, launch
37:46
their CDC. They keep saying it's going to
37:47
be by October and now you're seeing capital controls.
37:50
Whenever you see capital controls, that should be, you
37:53
know, red flags it, it should scare the living shit out of you
37:57
because hey, as we've been saying for a long time, when you
38:00
give your money to a bank, it is no longer your money.
38:04
You may think it is, but it's incredible how many people don't
38:07
understand how the banking system works.
38:09
Once you let go of that cash, it's no longer your cash.
38:13
They, they have full control and autonomy over that cash.
38:16
This is why we always say, hey, buy Bitcoin and store it in your
38:19
own cold storage in your own custody, because this is how you
38:23
avoid this stuff. So there is a fork in the road
38:26
here, there's Bitcoin and then there is this full digital
38:28
dystopia, you know, where they, they basically stop your cash.
38:32
They, you know, put expiration dates on your CBDC's.
38:36
They basically debank you at will.
38:38
Or, you know, you come join the Bitcoin circular economy and you
38:43
take your wealth out of the system and you start to interact
38:47
on a monetary system that doesn't abuse you.
38:49
I don't know, it seems like a simple, simple solution to me.
38:53
But anyways, let's get into, very interestingly, some more
38:58
banks trying to get into Bitcoin.
39:01
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All right, anyways, as I was saying, it looks like we are
41:31
starting to see the FOMO from all the institutions we're
41:34
seeing. We've been hearing a lot of
41:35
grumblings coming from the banks that they're either going to
41:37
launch an ETF for themselves. We've heard, you know, Charles
41:41
Schwab, Wells Fargo, UBS, some of the biggest banks in the
41:44
world are starting to create Bitcoin products.
41:48
We've seen the growing trend of the regulatory clarity around
41:52
Bitcoin. It's starting to make, you know,
41:54
not only Bitcoiners, but Bitcoin businesses feel at ease coming
41:58
back into America, you know, realizing that, hey, maybe they
42:02
are serious about Bitcoin being the superpower, America being
42:06
the Bitcoin superpower of the world.
42:08
Well, we are seeing more and more of that now.
42:11
I will, you know, have my my caveat on this afterwards, but
42:15
let's just hear the clip of what's going on.
42:18
Of course, just in U.S. Federal regulator OCC, the
42:22
Office of the Comptroller says regulated banks can buy, sell
42:26
and custody Bitcoin. Here we go.
42:29
Than 50 million Americans hold some form of cryptocurrency.
42:33
This digitalization of financial services is not a trend, it is a
42:39
transformation. Here at the Office of the
42:42
Comptroller of the Currency, we've confirmed that national
42:45
banks and federal savings associations may engage in
42:48
certain cryptocurrency activities responsibly in order
42:52
to serve their customers. OCC regulated banks may provide
42:56
custody services, including the safekeeping and secure storage
43:01
of cryptocurrencies and other digital assets all on behalf of
43:05
their customers. The banks we supervise also may
43:09
buy and sell cryptocurrencies they hold in custody at their
43:13
customers direction. Additionally, these banks may
43:16
provide other custody services including record keeping, tax or
43:21
reporting services for their customers.
43:23
OCC banks may use a sub custodian to provide the same
43:27
services, subject to appropriate third party risk management
43:31
practices. While a range of cryptocurrency
43:34
and digital asset activities may be performed by banks and their
43:38
third parties, I want to be clear that the OCC expects these
43:44
activities to be conducted in a safe and sound manner and in
43:47
compliance with applicable law. To learn more, please visit
43:53
occ.gov. OK, so we heard it there, guys.
43:58
It looks like the banks are getting a green light to go into
44:03
Bitcoin. And of course, if you've watched
44:05
this show before, you've heard this clip, so I'm not going to
44:08
play the clip, but remember Sailor Michael Saylor, the Giga
44:12
Chad himself a long time ago, I think it's four years ago now.
44:16
Let me see when was. Yeah, I long more than a couple
44:20
of years ago said that the three things, the three catalysts to
44:24
take Bitcoin to $5,000,000 have now all officially I would say
44:28
been approved. There's no more roadblocks.
44:31
Of course it's going to take time for people to kind of pivot
44:34
into Bitcoin. But just to refresh you, the
44:36
three things were 1, the spot ETF approval, it happened.
44:40
Banks can now custody and lend against their Bitcoin as
44:43
collateral. Well, they're not fully there at
44:46
lending yet, but they are custody that Bitcoin.
44:49
So I would say 2 is down as well.
44:52
And of course, 3 fair value accounting from rules from
44:55
Fazbee. We saw that it's it's those
44:58
three things are now done. It is going down and it seems
45:04
like we are getting just complete green light here.
45:07
So my caveat to this though, guys, is, is something, you
45:11
know, I've, I've probably been saying on the show for a while,
45:15
we're seeing a growing trend and interest coming from
45:18
institutional capital. We're seeing the, you know, the
45:20
big of the black rocks of the world.
45:22
They're launching their I bids. We're seeing that the biggest
45:25
nation state, the United States and Donald Trump, they're
45:27
embracing Bitcoin. And we even saw yesterday, Scott
45:30
Besson was, you know, at a hearing and he basically said,
45:33
like, I want America. He's doubling down as I want
45:36
America to be the digital asset capital of the world.
45:38
Of course, I don't know if you guys heard, but Congress knocked
45:42
down a stablecoin bill which they were all freaking out
45:45
about, but you're starting to see that the banks want your
45:48
Bitcoin. Now, of course, we always say,
45:51
and this is kind of why I've been saying in the last couple
45:54
of days that the whole I like Bitcoin buy my stonks thing,
45:58
it's probably not what you should be doing.
45:59
I know it's a whole craze right now and we're probably seeing a
46:02
lot of capital go into the Bitcoin treasury companies and
46:06
not into all coins. I am just a little hesitant on
46:11
all this because it seems like the Wall Street, you know,
46:16
moguls out there want your Bitcoin.
46:18
So even though banks are now allowed to custody your Bitcoin,
46:22
I would highly recommend against doing that.
46:25
Who knows what rug pool is going to happen.
46:27
We've seen this play out, you know, multiple times throughout
46:30
the history of the history here, banks, you know, doing financial
46:36
UK, the 2008 great financial crisis.
46:39
And we all know what happens when the banks get in trouble,
46:42
they get bailed out. Now, if you bail out in Bitcoin,
46:45
so if you lose that Bitcoin to these banks, you're probably not
46:50
going to get that Bitcoin back. But the three things that
46:53
sailor's been saying for a long time, take Bitcoin to, you know,
46:57
7 figures are finally all cleared up.
47:00
It's seemingly, you know, again, just more bullish news happening
47:04
where hey, even though I'm not a fan of banks custodying Bitcoin,
47:08
we're starting to see that it's becoming way easier for the flow
47:12
in Bitcoin. Bitcoin, all these, you know,
47:13
quote UN quote trusted institutions that the, you know,
47:16
mainstream trust. Still they're all looking and
47:20
interested in Bitcoin. And if that's not giving signals
47:23
of where we are headed, I don't know what does.
47:25
This is not a, you know, tacit approval by simply Bitcoin to
47:30
say, hey, go take your Bitcoin to a bank.
47:32
I'm just saying they want your Bitcoin.
47:34
They are getting unleashed. I think the capital is going to
47:37
start to flow in the Bitcoin. As Chris said earlier, it's
47:40
probably going to be a very bullish end of the year.
47:43
So anyways, Chris, Chris and and I forget what your dog name over
47:48
there, Frank, Frank he's he's he's chiming in here.
47:52
He's saying, hey, don't give the banks your Bitcoin.
47:54
That's. Literally what he's saying he's
47:55
warning us not to buy and they give them there but.
47:57
What's your thoughts on this, Chris?
47:59
I, I think it's going to be the carrot and the stick.
48:01
So what I mean is they may give better lending rates.
48:03
Like obviously there's many Bitcoin companies that give
48:05
lending rates that, you know, hey, like you said, you can
48:08
pledge your Bitcoin normally over collateralized Leaden comes
48:11
to mind. Ryke just offered something
48:13
Casa, I believe fold as well. All these different things have
48:16
lending ones where it's like, Hey, you over collateralize and
48:19
over collateralize your loan and they give you an interest rate
48:21
that you have to pay back normally at maturity or on a
48:24
monthly basis. So, you know, maybe let's just
48:26
say those interest rates are anywhere from 12 to 18%, which
48:29
is kind of high. But hey, it's you know,
48:31
obviously it's a new asset class relative to a lot of the other
48:34
financial institutions and assets, you know, where you can
48:36
pledge stocks and you can get interest rates as low as like,
48:39
you know, 123 percent. Well, let's just say to the
48:42
banks, you know, basically with the backing of the US
48:44
government, it doesn't matter the administration, Republicans
48:46
or Democrats say, hey, if you pledge your Bitcoin to us, we'll
48:49
give you rates at 6%, which is higher than stocks and bonds
48:52
normally, but lower than a lot of the other private companies
48:55
or companies that are in the Bitcoin industry that are giving
48:58
these lending programs. So you know, oh, well, that's
49:00
incentive do that. Or let's just say if, if it's
49:03
more of the stick versus the carrot, it's like, hey, if you
49:05
start like like exactly like Europe, hey, if you spend a
49:08
transaction that's over $3000 in Bitcoin and you're caught, you
49:11
know, there'll be consequences, there'll be fines, you could be
49:14
audited for taxes, like all these different things.
49:16
So I do think at first they're going to try and entice you with
49:18
like, hey, they're much better interest rates in the private
49:20
industry. And I say private industry.
49:22
I'm not saying banks aren't private, but they're kind of
49:24
like private with the backing of the US government.
49:27
So I definitely could see that being like the carrot in the
49:29
stick as well as you know, like I said, if you're lending your
49:33
Bitcoin to someone else, it's no longer your Bitcoin.
49:35
You're at the whim of the term and the bank and the lending
49:38
institution. So and then on top of that,
49:40
that's not even including re hypothecation of that Bitcoin.
49:43
So imagine you lend to the bank and they're like, Yep, thank you
49:46
for letting us give your Bitcoin.
49:47
You're like, oh, like you're going to put this in a multi
49:48
state contract or, you know, like not re hypothecate it.
49:51
And they're like, hey, like you lent us the Bitcoin and then you
49:53
could see on the address that like, hey, that bitcoin's
49:55
moving. And then of course they'll give
49:56
you the line. That's like, Oh, well, you know,
49:59
we're basically, we operate on the Fiat system in the sense
50:02
that, you know, obviously there's only 6% in reserves
50:05
compared to 94% of our assets that we lend out.
50:07
So I definitely think, you know, buyer beware and if you lend
50:10
your Bitcoin out there, you know, that's something to be
50:13
wary of. I I didn't know what, what was
50:16
the other question? There was one other thing I
50:17
wanted to add, but I don't know if there's.
50:18
I don't, I don't remember. I don't remember.
50:20
Yeah, but so I just say buyer beware running out of the banks
50:23
and stuff. Like I said, you know, don't
50:25
want to part your Bitcoin, you don't want to use leverage.
50:28
Yeah, just to buy big Oh hey wait look breaking breaking,
50:32
breaking Aurelius Indonymous. I believe I just said we have
50:38
flipped Amazon again and I'm over here on asset.
50:41
What is this companies market cap and yes can confirm we are
50:46
back above Amazon. We are the 5th largest asset in
50:49
the world. Let's go So you know fun game
50:52
playing on here anyways, I have AI have a fun culture segment.
50:56
This is this is kind of I'm going to pat myself on the back
50:59
here a little bit. This is this is I'm just let's
51:02
just get into it. This one this one's going to be
51:03
kind of fun. All right, here we go.
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53:02
today. All right, guys, so this is
53:09
going to be a fun culture. And the reason I'm full screen
53:12
right now is because, you know, lately I, I hear you guys in the
53:17
chat, you guys are like, man, you guys are click bait
53:20
scammers. We have been accused of being a
53:23
part of the click bait cabal because we are so good at what
53:27
we do here on YouTube to try to get you guys to click the video.
53:30
And we kind of joked about it yesterday with Uncle Rockstar.
53:33
And I just absolutely loved what he said about, yeah, you're,
53:37
you're scamming people in the profits.
53:39
And he's like, keep doing it. Keep scamming people in the
53:42
profits. Anyway, that's the context for
53:44
today's culture. Yes, we are playing the game
53:47
here on YouTube to get views. Yes, we're playing the social
53:50
media game. But hey, you guys love it.
53:52
And of course, you guys are very critical at times.
53:55
You're very vocal and we love you in the chat.
53:57
You're the troll box. We love you guys anyways we got
54:00
this well Nico got this on noster and I you know I just got
54:04
to pat myself on the back here man just see this This Is Us
54:07
scamming you into profit. So Nico tweeted the love on
54:11
noster is unmatched and we got this guy on noster Jason and he
54:15
goes Nico daily listener simply BTC and the slander of Bros and
54:20
T-shirts was annoying me so I did a quick calculation.
54:24
If you invested various amounts at the daily BTC high since
54:28
simply Bitcoin started, you be up 217%.
54:32
So a big thank you to the Bros and T-shirts keep up the good
54:36
work and here's his little. You know the chart here current
54:40
Bitcoin price at 100K. If you invested a dollar, you
54:44
would have totally a dollar a day.
54:46
You would have invested about you know 1383.
54:49
You would have acquired 3.7 million sets and your stack
54:53
value would be 3746 with a profit of 2363.
54:59
Now same thing, if you invested $5, you would have acquired
55:02
about 18,000,000 sets at a price of under 7K and today's value
55:07
would be 18.7 K Moving forward, $10 a day, you know, you'd
55:13
invested 13.8000 dollars acquiring 37 million, that value
55:18
would now be 37.4 K dollars. And of course, moving over, if
55:24
you had bought $15 a day, you would have acquired over half a
55:28
coin, you know, worth 56, 1000 dollars, $20 a day.
55:32
You would button, you know, 2/3 or 3/4 of a coin worth $75,000.
55:38
And if you had just bought $25 a day, if you listen to us and you
55:43
just buy $25 a day since we started, you would have almost
55:47
acquired a whole coin. So, you know, shouts out to
55:50
Jason. I really appreciate this.
55:53
This couldn't have been at a better timing.
55:55
You know, I'm not going to pat myself on the back too much, but
55:57
I just, I absolutely love the numbers here, you know, like.
56:01
And to think of it, the channel only started back in July 23rd,
56:05
2020, so that's less than five years.
56:07
And that's also assuming the worst.
56:09
You're taking the daily high for everyone.
56:11
So you're probably even, I mean, if you're doing $25 a day, you
56:14
could almost guarantee that you have over over a whole coin,
56:16
which is insane in under five years.
56:18
And you could say that you have under over a whole Bitcoin.
56:21
That's wild. Yeah, it's it's odd like it's
56:23
nuts, man. If you just, you know, listen to
56:26
the 45 IQ bit corners and T-shirts here instead of the
56:30
the, you know, the people in suits on corporate press, you
56:34
would be a very much in the profit here.
56:37
So as Uncle Rockstar said, we're we're scamming you into profit.
56:42
So hey, you know, if we scammed you by a clickbait title, at
56:47
least if you bought Bitcoin the day that we, you know, we're
56:50
shilling it and you buy it continuously, you're in the
56:53
profit man. So hey, you know, all I know is
56:56
it looks like we're doing our job here.
56:58
So shouts out to Jason for running the numbers for us.
57:02
It really, that really warmed my heart this morning.
57:04
I'm like, OK, you know, I'm not as bad as everyone in the chat
57:07
would make me out to be. We're we're actually helping
57:09
people here. So, you know, I really
57:11
appreciate him. I'm running the numbers.
57:13
And of course, like we, we have been kind of trolling lately.
57:16
Maybe we should be wearing suits because then people would
57:18
probably take us more seriously. But this is just us.
57:21
This is this is how I dress normally.
57:23
Maybe less Bitcoin logos on, on the stuff, you know, just
57:26
because I'm, I'm trying to avoid people chasing me to my house.
57:30
But you know, this is just who we are, man.
57:34
So I'd love that we got those numbers.
57:36
I love that we are actually helping you guys.
57:38
Hopefully we've helped you along your journey.
57:40
Hopefully you know, you're stacking back and harder because
57:43
we come out here and are stupidly bullish every single
57:46
day. And also one more shout out the
57:49
people on orange peel app that have been hitting me up and just
57:52
kind of telling me like you guys are my news aggregator, like
57:55
YouTube channel. I know if you guys talk about
57:57
it, it's important and I don't have to go search for stuff like
58:00
we you know, we're we're we're obviously not perfect.
58:03
We're still human, but we do our best to give you guys what we
58:07
think is the top news story of the day.
58:09
Of course, some days, hey, we're playing the game.
58:12
We're we're clickbait scammers here.
58:13
We're we're scamming you into profit.
58:15
So you know, the next time you guys call us clickbait scammers,
58:19
I'm going to pull up the numbers and be like, well, if you listen
58:22
to us since we started, you would be in the profit.
58:26
And all you have to do is, you know, DCA every day and this is
58:29
how you win, man. This is this is the game.
58:33
So you know, this is this is me taking a victory lap here.
58:37
I, I don't think I have any victory lap music on here, but
58:40
we'll throw up. Let's go.
58:45
So man, I, I do. That's, that's my bit for today.
58:49
But Chris, you want to chime in before we wrap up today's show?
58:53
No, I just appreciate the support guys.
58:55
Obviously we're almost hitting the five year mark on our
58:57
YouTube channel here and we really appreciate the long
58:59
standing support. It means a lot to us.
59:01
So yeah, I mean, we'll keep dropping the Daily Signal and
59:05
stay humble and stack stats. I think that's what I'll leave
59:07
you guys off with. Let's.
59:10
Get bars. Absolute bars.
59:13
All right, man, well, that's today's show.
59:17
So Chris, let me pull you out and then I'll wrap up today.
59:20
Oh wait, actually, there's one last thing I need to do.
59:22
I almost forget every time. Okay, we are taking over Las
59:26
Vegas. Make sure you get your tickets
59:28
too this Bitcoin 2025 conference of course, scan the promo code
59:35
and use the code or scan the QR code and use the promo code
59:38
simply and of course get 10% off.
59:42
We are going to the Venetian May 27th and 29th, literally 20 days
59:48
out from now. And if you know, we're we're
59:51
going to we're going to double smash this, we're going to
59:53
double smash the the shells right now.
59:56
And if you want to be the top Chad at the Bitcoin conference,
1:00:01
make sure you get yourself the simply Bitcoin merge.
1:00:05
We want to see you guys in the merch out there.
1:00:07
Of course, limited supplies. We just uploaded this to our
1:00:10
site. Get yourself a hoodie.
1:00:12
The shirts, they're they're top quality.
1:00:15
And I think we're running out of hats guys.
1:00:16
I, I literally wear this hat every single day, even though
1:00:19
here, can you see it? Even though it says simply
1:00:21
Bitcoin, the normies can't tell. So you know, I I've ever since I
1:00:25
got the new the new hats, it's basically my daily driver.
1:00:28
It's going to get dirty on. But you know, it is what it is.
1:00:31
All right, well, we love you guys have a good weekend.
1:00:35
We will be back Monday. Nico should be back on Monday.
1:00:38
And of course, we'll keep you updated.
1:00:40
We'll keep you the bullish, the bullish news updates and of
1:00:44
course, the stupidly bullish price predictions to make you
1:00:46
FOMO into buying more Bitcoin. We are part of the click bait
1:00:50
cabal. We are, you know, scamming you
1:00:52
into profits. That might be our new company
1:00:54
motto, simply Bitcoin scamming you in the profits.
1:00:59
All right, all right, all right. Anyways, I'm out of here and
1:01:02
peace, love. We appreciate every single one
1:01:04
of you guys. See you on Monday.
1:01:07
Today's episode was brought to you by bitcoinwell.com, a
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1:01:13
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