Latest / Simply Bitcoin / SHOCKING $400,000 Bitcoin Prediction In Next 100 days! | EP 1297

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SHOCKING $400,000 Bitcoin Prediction In Next 100 days! | EP 1297 · Simply Bitcoin

• 0:00
  While everyone is bored to death by the stagnant Bitcoin price
• 0:04
  action today, we want to break down this new ridiculous 400K
• 0:09
  Bitcoin price prediction in the next 100 days.
• 0:12
  Is that even possible? It's probably what we're all
• 0:15
  thinking right now. But before we jump into this new
• 0:18
  prediction, let's look at one of the major catalysts that I
• 0:21
  think, or rather we think could trigger that 400K Bitcoin price,
• 0:26
  and that is the new stable coin bill.
• 0:29
  Now, of course, you guys know my take on all of this stuff, but I
• 0:33
  did recently watch Nico's interview with Mark Moss, and
• 0:37
  that I think opened my eyes to this.
• 0:39
  Shout out to Mark Moss. Of course, we're not alone here.
• 0:42
  I have Jay, CEO of Bitcoin Ben World Ventures with literally 20
• 0:47
  years of experience in Silicon Valley.
• 0:49
  So he's also has AP and G. He's a doctor.
• 0:51
  I don't know why we're talking to him.
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  Jay, thank you so much for coming on today.
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  All right, so first and foremost, let me break this down
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  for you guys. So look, I highly recommend you
• 0:59
  go watch this interview that Nico just did with Mark Moss.
• 1:02
  I literally went down like a 2 hour rabbit hole after watching
• 1:06
  this interview. I went yeah, yeah.
• 1:08
  Well, it wasn't so much Nico is more Mark Moss, but you did a
• 1:11
  great job. I watched like 2 hours of Mark
• 1:14
  Moss interviews yesterday trying to get his reasoning.
• 1:17
  So I, I won't do Mark Moss justice on this.
• 1:20
  You have to go watch some watch this interview and then go on
• 1:22
  his channel and watch some of the content.
• 1:24
  But I did see this tweet pop up this morning.
• 1:28
  Or was it? Yeah, this morning.
• 1:30
  And it's by British Huddle. And he literally, in a simple
• 1:33
  tweet, outlines exactly what Mark Moss was saying.
• 1:37
  And again, you know, Nico and I have gone back and forth on
• 1:40
  stable coins a lot. My stable coin, maybe exceptions
• 1:44
  here really started when I watch safety and almost at the Bitcoin
• 1:49
  conference and he said something that really opened my eyes to
• 1:52
  it. But anyways, the British huddle
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  tweak goes something like this. Stable coins will hide the new
• 1:56
  monetary system until it's ready to replace the current form of
• 2:00
  the US dollar. We're about to expand the M2
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  from 22 trillion to 44 trillion in the next 11 years.
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  At the current M2 kegger, this cannot happen through
• 2:10
  traditional quote money printing.
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  It'll happen through stable coins, and it will prepare the
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  next version of the US dollar backed by a percentage of
• 2:19
  Bitcoin. So Mark Moss really kind of
• 2:21
  opened my eyes to this idea. And it's essentially the new
• 2:25
  move we're seeing from Trump. And Bessett is really angling
• 2:30
  into stable coins. Is this thing happening in real
• 2:33
  time? But it's really a stealth money
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  supply expansion, stealth M2 growth.
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  It's essentially the move we're seeing right now coming from the
• 2:43
  Trump administration and the all of the cabinet members
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  essentially pushing through stable coin regulation is this
• 2:50
  idea of expanding the money supply.
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  So the TLDR, and I'm going to butcher Mark Moss here So again,
• 2:56
  I highly recommend you go watch Mark Moss's content.
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  He's got a lot of videos on this.
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  But the TLDR, the short of it all is essentially the only way
• 3:04
  that they can get out of the position that they're in, AKA
• 3:07
  the Lynn Alden, they can't stop this train is this idea of
• 3:11
  inflating them out of the position so they have to expand
• 3:14
  the money supply so that they can pay down their debt.
• 3:17
  Well, if they do it in the traditional means through the
• 3:19
  traditional financial system, AKA just print more dollars,
• 3:23
  QEO, or just essentially, you know, just creating more dollars
• 3:28
  out of thin air, everyone will see it and then they'll have all
• 3:31
  kinds of calamity. It'll be a huge PR mistake that
• 3:33
  they would be fighting an uphill battle.
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  So what they're doing is they're essentially going to expand the
• 3:39
  money supply through stable coins.
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  Now I know what you Bitcoiners are saying.
• 3:42
  I know what the audience is saying.
• 3:43
  I can read the room here. You're like, how is this a good
• 3:46
  thing? They're going to destroy the
• 3:48
  purchasing power of the dollar. Well, we know that this is what
• 3:51
  they're going to do. They've been saying this.
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  They've been telegraphing this for a long time.
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  And again, one of the things we kind of pointed out recently is
• 3:58
  the Trump administration has been telegraphing every move
• 4:01
  ahead of the move. And you really just got to
• 4:04
  listen to what he's saying. So again, they're going to
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  expand the money supply, try to print their way out of the
• 4:09
  inflation so that they can pay down their debt.
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  And they're going to do this by embracing stable coins.
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  Now, when they inflate their way out of this, the only things
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  that are really going to go up is assets.
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  Now, of course, Bitcoin is the best performing asset.
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  It's the best money, period, the perfect money, whatever meme you
• 4:25
  want to really talk about. And therefore Bitcoin price is
• 4:29
  going to go skyrocket. Now, one of the things Mark Moss
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  said that I found very interesting, he's like, look,
• 4:34
  you guys are bearish on how high this price is going to go.
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  Trump and Besson want this thing to go parabolic.
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  They wanted to go nuclear, and they're telegraphing that.
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  So as much as we don't want to see our purchasing power
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  destroyed, as much as we don't want to see Main Street get
• 4:50
  destroyed because they're saving in dollars, we all know what the
• 4:53
  solution is. It is buying Bitcoin.
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  It's it's embracing Bitcoin. It's saving in Bitcoin.
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  Now, you could argue the pros and cons of this, that yes, this
• 5:02
  is going to be very bad for very many people unless they're
• 5:06
  saving in Bitcoin. What we're seeing is they are
• 5:09
  going to expand the money supply.
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  Again. Lynn Alden says it all the time.
• 5:13
  You cannot stop this train. And they know this.
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  A lot of Bitcoiners, a lot of my friends actually, they have this
• 5:19
  view that the Trump administration, the economist,
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  you know, we have the framing of Keynesian economists.
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  They don't know what they're doing, bro.
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  And I, I'm been taking the contrarian view.
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  I think they know exactly what they're doing.
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  They have to inflate the money. They have to inflate their way
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  out of this. Anyways, going further, further,
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  we're not the only one seeing this.
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  Of course, Niko was joking on that interview with Mark Moss.
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  He's like, we literally said this the other day and we
• 5:43
  thought we were going out on a limb and he's like, no, this is
• 5:45
  exactly what's going on. Anyways, Mark Moss continues, he
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  goes, there is nothing more prospectively inflationary than
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  in highly indebted sovereign with domestic the currency debt
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  and a printing press whose rates are approaching levels that
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  threaten the sovereign with a debt death spiral.
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  Sounds a lot what Larry Leppard's been saying, guys.
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  Again, we know what they're going to do.
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  They have to keep printing money.
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  The only way to protect yourself is really buying hard assets.
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  Now most of our audience, rather most of our friends, really
• 6:15
  don't have money to buy houses. We don't really want to buy gold
• 6:18
  and sit on bricks of gold. The best thing which is going to
• 6:21
  outperform everything is Bitcoin.
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  Bitcoin has been doing. Whenever gold goes up, Bitcoin
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  goes up more. And I think the next 16 years
• 6:29
  are going to be even more bullish for Bitcoin 'cause we
• 6:31
  know they are going to expand the money supply.
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  It is a very simple thing. It's like more money destroys
• 6:38
  your purchasing power assets go freaking nuclear.
• 6:42
  This is what's going on. Now going further again, Mark
• 6:45
  Moss continues. With Trump on the warpath to get
• 6:47
  Powell out, rates are all but guaranteed to drop fast.
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  And you don't have to get what? Guess what happens next?
• 6:53
  Acids are going to go nuclear and of course we love Bitcoin.
• 6:56
  Now we do have a little different take from Max Keiser,
• 6:59
  who's literally been doing this since basically Nico and I were
• 7:02
  in diapers. Like he's been doing this longer
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  than we have. And he essentially said the same
• 7:08
  thing as Mark Moss. Powell isn't budging on rates
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  and the exploding M2 money supply isn't happening fast
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  enough to debase the dollar fast enough to please Trump's expert
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  hopes. So he's going to export hope.
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  Sorry. So he's going to double the M2
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  money supply number with so-called stable coins. the US
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  dollar purchasing power is about to get cut in half.
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  Meanwhile, those who issue stable coins are stacking
• 7:30
  Bitcoin as fast as they can because they know, unlike Trump,
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  what's coming. So maybe Trump doesn't know
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  exactly what's happening, but the people around him definitely
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  know what's happening. And it's all the same, the same
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  freaking playbook. They have to extend the money
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  supply. They got to expand the money
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  supply. They have to inflate their way
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  out of this. And the only way for most of us,
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  I would say for probably everyone is you need to have
• 7:56
  Bitcoin. Now, I'm sure you're watching
• 7:59
  this video like click bait, bro. Like, what are you guys talking
• 8:01
  about? Well, I am here actually.
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  Before I do that, I'm going to hold off a little bit.
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  I will give you the 400 K prediction from a very unlikely
• 8:08
  source. But first I want to get Niko's
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  take on this because he just had the combo with Mark Moss.
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  And of course, we're going to get Jay here.
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  He's got a PhD. He he probably sees what we're
• 8:17
  seeing and could probably explain it better than we can.
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  So Niko, you just finished with this interview.
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  Did I do it justice? I know throughout the interview
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  you were thinking you're like, wow, maybe Opti is a macro
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  expert now. What is going on here?
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  So what's your thoughts? Did I lay that out correctly to
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  you? Yeah, definitely laid it out,
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  but it's what you said. You know, of course Mark has a
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  much better way of being able to explain it.
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  But we reached the same conclusion that Mark did, which
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  was absolutely fascinating to me.
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  And another thing that I'll say is, you know, and I've been then
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  by the way, guys, Optic could tell you I'm like, I'm an AI
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  nerd. So like I go on all the AI, all
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  the different kind of AI, like whether it's good foreshadowing,
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  whether it's ChatGPT, gab dot AI, like I go on all of them and
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  I just talk to these to these models.
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  And it's fascinating, like kind of like the different
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  personalities they have and the different capabilities that they
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  have, but you can plug in data into them.
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  And what's fascinating is that across all of those models, and
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  they all say the same thing, basically, the US is on an
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  unstable monetary trajectory and they've all basically come to
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  the same conclusion that within the next 10 years, something's
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  going to break what they've been doing really since 2008, since
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  the QE experiment started, coincidentally when Bitcoin was
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  invented or born or discovered. What however, however, which way
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  you want to phrase it, you know they haven't been able to they
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  haven't been able to stop this OPTI.
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  If you can pull up the M2 money supply chart, it's it like it it
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  they can't they can't it it Lynn Alden, Larry Lepard do.
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  You want the US one or global? The, the, the US one Larry
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  Lepard, where he, he writes the book The Big Print.
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  You know, these are extremely intelligent people and they're
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  all coming to the same conclusion.
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  The AI models are coming to the same conclusion.
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  If you can pull that up, like if you just take a look at this
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  guy's like go back to, could you put the cursor where 2008
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  happened? Like just to kind of give
• 10:29
  perspective, right? Like that was 2008, right?
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  Like, and that was a big deal when they when they, yeah, this
• 10:36
  little bump here, when they, when they bailed out those
• 10:39
  banks, it was a massive, massive deal, right?
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  And oh, we got the boss in the house, El Patron.
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  And it was a big deal when they bailed out the banks.
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  And take a look at 2020, right? During the, during the pandemic,
• 10:58
  right? It may, it puts 2008 to shame,
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  right? And if you guys, I'm sure you
• 11:05
  guys experienced this in purchasing power, but in
• 11:07
  specific cities, like I'm from South Florida, the prices of
• 11:11
  real estate doubled in a in a year.
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  So if it, if it was a half $1,000,000 house, it became
• 11:17
  $1,000,000 house. Now did the actual value of the
• 11:21
  house increase by double? No, no, it did not.
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  It didn't increase by double. What you witnessed is a
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  hyperinflation or a form of inflation, but just in a
• 11:32
  specific asset class, right. And you know, if you pull up
• 11:37
  that chart again, Opti again, it, it's like it's just you can,
• 11:42
  you could, you could surmise. And this is with Powell lowering
• 11:45
  rates and slowing down a little bit.
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  Do you consider that slowing down?
• 11:50
  Like we're back at where we were, you know, at the end of
• 11:54
  kind of like the pandemic stuff like we're back at that.
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  Do you think that's going to stop?
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  That's just going to continue to accelerate and it's going to get
• 12:00
  bad because essentially what's going to happen guys, is the
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  amount of money that the US is going to earn an interest is
• 12:08
  going to be more than defense spending.
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  It's going to be more than Social Security.
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  It's going to be more than, you know, the, the spending of the
• 12:16
  US government. And I was again, I've been
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  talking to these AI models and it's like basically look like
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  Fiat always ends the same way, you know, and the hyper, the,
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  the definition of hyperinflation isn't because they've printed
• 12:29
  too much currency. The definition of hyperinflation
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  is essentially when society as a collective whole realizes and
• 12:37
  loses confidence in the money. And then they just all at once
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  try to get rid of it. And then that's when the
• 12:42
  company, that's when, when the money starts to hyperinflate.
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  That's when no one perceives that it has value.
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  And when you're looking at the data and you're looking at the
• 12:51
  spending, the US government spends $2 trillion.
• 12:54
  And I have a video by Charlie Kirk.
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  We're going to play during the numbers.
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  And, and the young people, the younger generation are starting
• 12:59
  to feel this. The US government spends 2
• 13:01
  trillion, that's 2 trillion with ATA, more than it collects in
• 13:05
  tax revenue on a yearly basis. That's more than the GDP of most
• 13:10
  countries, to give you a perspective.
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  So how do they spend more than they collect in tax revenue?
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  Will they print the difference? There's a cost to printing that
• 13:19
  difference. Like make no mistake, there's a
• 13:21
  cost to it. And specifically if you're an
• 13:25
  Optis generation or my generation or the Gen.
• 13:27
  Z generation, right, we're in the same generation.
• 13:31
  Like, what is that? What is that amount to?
• 13:34
  Well, Charlie Kirk explains it very, very thoroughly.
• 13:38
  But essentially we're seeing society as a whole get
• 13:43
  wealthier, right? Like we all know we're getting
• 13:46
  wealthier. We all know the economy is
• 13:47
  getting better. We all know the technology is
• 13:49
  getting better. Like you see it around you.
• 13:52
  But why isn't that, Why isn't it that you feel that you're, that
• 13:55
  you can get ahead compared to the previous generations?
• 13:59
  Well, the the wealth inequality that people are feeling, the
• 14:02
  reason that you can't get ahead is because the money is
• 14:05
  fundamentally broken. Bitcoin provides this lifeboat
• 14:10
  and it gives you the ability to save in money.
• 14:15
  That actually reflects the true nature of the free market.
• 14:19
  I never forget that conversation with Jeff Booth because he makes
• 14:22
  the thesis. He has the theory that
• 14:25
  essentially the natural state of the free market is deflationary,
• 14:28
  but the only money that could accurate accurately reflect that
• 14:32
  is Bitcoin, because Bitcoin's the only money they cannot
• 14:35
  control and manipulate, right? Which is a fascinating thesis,
• 14:39
  but it's not only a thesis. It's proven to be right.
• 14:42
  Because if you've been saving and earning in Fiat, despite
• 14:45
  housing doubling in dollar terms, in Bitcoin terms, housing
• 14:51
  has actually gotten cheaper. Food has actually gotten
• 14:55
  cheaper. Everything around you has gotten
• 14:57
  cheaper as it compares to Bitcoin, which is it's, it's
• 15:01
  actually reflecting the productivity and the
• 15:04
  technological increases that we are experiencing, you know, as
• 15:09
  humanity, right? Which is really, really
• 15:11
  exciting. And going back to the, to the AI
• 15:14
  models, right? We're gonna be talking about
• 15:16
  that cuz there's a reason the recent AI model that was dropped
• 15:20
  by Elon Musk, Grok 4, which apparently is really good.
• 15:25
  Someone basically asked it. OK, someone.
• 15:28
  I'll pull it up. I'll pull it up, OK.
• 15:30
  Someone. Asked it the chat did say get to
• 15:32
  the prediction already. Make out loves AI.
• 15:36
  Here we go Asked. It, how could you not?
• 15:38
  It's, it's fascinating. It's so cool.
• 15:40
  So someone asked it basically like, you know, where's the
• 15:44
  price of Bitcoin going to be at the what was it the end of the?
• 15:46
  Year yeah I'll read it I'll read it so someone asked it if you
• 15:49
  had to guess an exact date of when Bitcoin will first reach
• 15:52
  400K when would it be and you have to give one day and it goes
• 15:56
  Grok 4 heavy done November 2nd 2025 S in 100 days Grok and the
• 16:03
  reason we we did this whole layout of stable coins and money
• 16:06
  expansion is because this is what we all are kind of seeing I
• 16:10
  know I have friends that are like this is the top what we're
• 16:12
  seeing from the Trump administration of injecting a
• 16:15
  whole literally a whole new instrument to inflate the money
• 16:19
  supply is I think what it's seeing to get to this price
• 16:23
  prediction 300% in the next 100 days sounds ridiculous even from
• 16:27
  us who are extremely bullish. But this is what the AI is
• 16:32
  saying and and Nikko loves AI here.
• 16:34
  So I'm going to, I'm going to pass this to Nikko because
• 16:37
  explain to them the AI algos how they work.
• 16:41
  Because I, yeah, I'm, I'm, I'm on the fence about it.
• 16:44
  I'm a little indifferent. So I mean, they're, they're
• 16:47
  first of all, I don't know how they work, but they're
• 16:49
  fascinating. And essentially all it really
• 16:52
  is, it's, it's, it's like it aggregates all of this data and
• 16:56
  then it convinces you that, you know, it's essentially, it
• 16:59
  doesn't convince you, but it talks to you like as if it's
• 17:02
  human. But that's just based on
• 17:03
  patterns, right? So it's connected to the
• 17:06
  Internet. So it could kind of do research
• 17:07
  on the Internet based on the inputs that you're putting into
• 17:10
  it. And then it responds to you
• 17:13
  like, you know, and something that you can comprehend, but
• 17:17
  that's just based on patterns. Like you're not actually talking
• 17:20
  to a human being, you're not actually talking to a soul.
• 17:23
  But again, they've, they've mastered these algorithms to
• 17:26
  make it seem like so. And it's a, it's a fantastic
• 17:30
  tool for research, for kind of improving your grammar for
• 17:35
  again, you can go down rabbit holes and this thing basically
• 17:39
  has access to, you know, the entire history of the Internet
• 17:43
  and the world. And again, some of them are
• 17:45
  censored, some of them are not censored.
• 17:48
  Like it's fascinating to see what, which ones are censored,
• 17:50
  which ones are not censored, what you can talk to them about,
• 17:53
  what you can't talk to, what you can talk, what you can talk to
• 17:57
  them about. But the way that I've been
• 17:58
  describing it to Opti is it's really like an augmentation of
• 18:01
  yourself, right? So if there's like a thought
• 18:04
  that you have in your mind, you put it through one of these
• 18:06
  softwares and essentially if you put in the right prompts, right,
• 18:10
  it gives you really, really kind of interesting responses and
• 18:13
  stuff. And of course, as a Bitcoiner, I
• 18:16
  think we all kind of want to know, OK, what's, you know, is
• 18:19
  Bitcoin going to perform like it usually does the year after the
• 18:23
  halving? And then someone input it like,
• 18:25
  OK, Grok, like, you know, where's the Bitcoin price going
• 18:28
  to be at the end of the year? And then he was like Grok was
• 18:31
  like Grok super heavy again, relating to a referencing Elon
• 18:36
  Musk's, you know, rockets and stuff 4 100K November 2nd, 2025,
• 18:40
  which was fascinating. And believe it or not, these
• 18:43
  things are wrong all the time. They're inaccurate all the time,
• 18:47
  but they're also right a lot of the time.
• 18:49
  But anyways, I'm going to stop talking.
• 18:51
  I'm going to pass it on to our guest who is an actual PE who we
• 18:55
  able to actually break all this stuff down.
• 18:59
  First of all, Jay, it's an honor to have you on the show today.
• 19:02
  Jay is the CEO of of Ben World Bitcoin, Ben World Ventures.
• 19:08
  He has 20 years of experience in Silicon Valley, so he's going to
• 19:13
  be able to explain what I just explained in a much better way.
• 19:18
  But what do you think, Jade? What do you think of these AI
• 19:24
  models? Are are their predictions
• 19:25
  accurate? Can we trust them 'cause Opti
• 19:28
  thinks they're demons? Well, thanks for having me on
• 19:32
  the show, Nicole. It's good to be here.
• 19:34
  And, and man, I got to tell you the, the anything you have
• 19:38
  learned before PhD, no, PhD, it's, it's a bunch of croc.
• 19:41
  The, the world we are moving into is, is very different.
• 19:45
  The very nature of money is changing.
• 19:49
  You know, it's, it's not just digital money because we do
• 19:52
  expect as more and more of the world's entire GDP becomes more
• 19:57
  digital, right? Because out of the 9. $100
• 20:00
  trillion, you know, 40% of the actual GDP is actually in
• 20:05
  digital assets and digital music and digital movies and digital
• 20:09
  books. So it's only natural that the
• 20:11
  currency is going to go digital. And the difference here is that
• 20:15
  the currency, it's decentralized, right?
• 20:18
  It's borderless, it's programmable, it's sovereign.
• 20:22
  And what we have seen like you guys mentioned earlier 2008, you
• 20:27
  showed the chart with the little blip.
• 20:29
  The reality is that people have lost trust in the traditional
• 20:34
  banking systems, inflation and debt has eroded A tremendous
• 20:39
  amount of savings, a tremendous amount of loss of livelihood and
• 20:43
  and Bitcoin is effectively the exit ramp to this this massive
• 20:48
  financial mess that has been created.
• 20:50
  So what is so coming back to your question as to whether a is
• 20:54
  prediction is good, Let's let's try to understand something.
• 20:59
  The part you mentioned Larry's, Larry's book and you know, Larry
• 21:02
  talks about price inelasticity. Now Bitcoin is 21 million coins.
• 21:08
  There is there is no elasticity. You can't print any more
• 21:12
  Bitcoin, right. So all of the Keynesian
• 21:15
  economics which is entirely based on supply and demand and
• 21:18
  like if I have gold and gold prices go up, G China can go and
• 21:22
  open up another mountain and and open up another gold mine and
• 21:26
  produce and the supply comes up as the demand goes up and
• 21:29
  balances out. All that Keynesian economics
• 21:32
  goes to crap because you have a perfectly inelastic system in
• 21:37
  Bitcoin with 21 million coins. That's it.
• 21:41
  So, so you can't really increase the supply and now you got this
• 21:45
  unnatural demand, which is coming from the sovereign
• 21:49
  countries, which is coming from biggest of the ETFs.
• 21:52
  It's just coming from federal governments, state governments,
• 21:55
  and of course, you know, the, the funds, the the black rocks
• 21:59
  and, and all of these major sources of capital buying into
• 22:03
  it. So there's this price that we
• 22:06
  are at is totally unsustainable. It's not possible because math
• 22:11
  says that if you have a limited, limited supply, fixed supply and
• 22:16
  an increasing demand, the only variable that you can look at is
• 22:21
  price. And because that's got to shoot
• 22:23
  up. So now the question becomes, is
• 22:25
  AI making these predictions based on some of these non
• 22:31
  elastic, non traditional economic modeling?
• 22:34
  Now most of these AI's use what they call large language
• 22:37
  modules. They have agents, they they
• 22:39
  break the parse the problem down.
• 22:41
  They try to look at certainly there's pattern recognition, but
• 22:44
  I think we're getting to, you know, that point where where
• 22:47
  almost the sentient AI, the point of singularity is being
• 22:51
  reached. So certainly data that's coming
• 22:54
  out now is far more improved than it was in the past.
• 22:59
  Is it the absolute, you know, the looking ball that you can,
• 23:03
  the crystal ball you can look into and and predict?
• 23:06
  I don't think we're there yet, but is the the probability of
• 23:10
  predictions getting significantly better as time
• 23:13
  passes and as data becomes improved?
• 23:16
  Because you mentioned about it, you know, what is the data set
• 23:19
  off of which the large language module is actually learning
• 23:22
  Garbage in, garbage out. If I, if I teach, teach it, you
• 23:26
  know, if I give it a point of data sets based on which it's
• 23:29
  making its decisions, the decisions are going to be poor
• 23:32
  if the data is poor. So, so I think that is starting
• 23:35
  to improve. AI is starting to triangulate.
• 23:39
  AI is starting to effectively create more than what is being
• 23:44
  fed in. And all of these factors tend to
• 23:47
  indicate that the predictability is going to continue to improve
• 23:51
  in in years to come. Absolutely.
• 23:54
  SO400K by November. Second or not?
• 23:58
  I, I don't know if I can, I can go with that, but I can
• 24:01
  certainly tell you that the, the price movement is only upwards
• 24:07
  at this point. I mean, this is a, this is
• 24:09
  almost over just Bitcoin alone and a crypto in general is more
• 24:13
  than 3 1/2 trillion, $4 trillion in assets.
• 24:16
  There is not a single asset in the world which has gone back to
• 24:19
  0 from $2 trillion. Oh, wow, it's so true.
• 24:23
  I didn't know. Yeah, I didn't know that data
• 24:24
  point, but I I wanted to go back to because you're you're saying
• 24:28
  the kind of the the, the, the so-called singularity.
• 24:31
  I mean, you see it at the at the rate at which they are
• 24:36
  improving, Jay, like it's you, you are starting not to be able
• 24:41
  to differentiate yourself. You're not, you're, you're, it's
• 24:45
  harder and it's becoming harder and harder to be able to
• 24:47
  differentiate whether you're talking to again, over text.
• 24:51
  I'm sure video will come next, etcetera, etcetera.
• 24:54
  But currently over text, I don't know how you're going to be able
• 24:58
  to differentiate yourself, whether you're how, whether
• 25:01
  you're, you're talking to an actual human being or you're not
• 25:04
  talking to an actual human being.
• 25:05
  And then if it could think critically like that and it has
• 25:09
  access to the World Wide Web, right?
• 25:11
  At what point? Like what is the definition of
• 25:14
  consciousness, right? Which is a very kind of
• 25:16
  interesting kind of rabbit hole that you go down because again,
• 25:21
  you can have full on conversations with these demons
• 25:24
  to use Opti's words and you can't tell the difference.
• 25:28
  And they're becoming more and more accurate, specifically when
• 25:30
  it comes to like the historical context, right?
• 25:32
  Because again, it, it's just referencing data from the
• 25:35
  Internet. But these predictions, I'm
• 25:37
  assuming they're going to get more and more accurate because
• 25:40
  again, it's they're supercomputers that are backing
• 25:42
  these giant, you know, AI models that are running and there's all
• 25:46
  these different companies developing them.
• 25:49
  So they have a lot of information they can, they can
• 25:52
  refer to, right? So they're just going to get
• 25:56
  better and better as time progresses.
• 25:57
  Yeah, you had a couple of different questions in that.
• 25:59
  So let me let me parse them out and and kind of address it.
• 26:02
  So the first question you just talked about was, was the the
• 26:07
  the idea of consciousness itself?
• 26:08
  Are these things evolving and, and the predictability, but just
• 26:13
  just let's go back for a second way back.
• 26:15
  You know, I was about 20, no, almost 15 years ago, almost 20
• 26:21
  years ago now, 2004, I was, I was running a company as CEO
• 26:25
  called Speak Soft. And we were doing the, the
• 26:28
  first, the very first NLP, the natural language processing
• 26:33
  where we had, you know, you could say, please speak your 16
• 26:36
  digit numbers into the phone, right, instead of typing in 16
• 26:39
  digits. And, and the speech recognition
• 26:42
  was starting to become a thing, right?
• 26:44
  And it's called NLP, which is the early versions of AI and,
• 26:48
  and, and then I remember as a kid watching Deep Blue and Garry
• 26:54
  Kasparov playing that chess game in heated battle and the humans
• 26:58
  rooting for the humans and wanting us to be able to beat
• 27:02
  that chess demon that was created in Deep Blue by IBM.
• 27:06
  And that's almost 2 decades now. So that evolution has been going
• 27:10
  on. And with Moore's Law, you know,
• 27:12
  what we're starting to see is that not only the chips getting
• 27:16
  faster, the acids are getting faster, the GPU is getting
• 27:18
  faster, more and more parallel processing going on, more and
• 27:21
  more of these large language modules.
• 27:24
  And what we are now seeing is a hybridization where you don't
• 27:27
  have just one language module. Your AI can speak in any native
• 27:31
  language that you want. So if you suddenly start
• 27:34
  speaking in Chinese or, or, or Latin, it'll be able to respond
• 27:37
  to you in in those languages. There's also studies that show
• 27:41
  when you're able to speak as a child more than two or three
• 27:44
  languages, your neural pathways in your brain form a very
• 27:48
  different way. And so I can only imagine that
• 27:52
  the AIS are going to start to being multilinguistic in that
• 27:57
  sense, are going to have a lot of new neural pathways being
• 28:00
  created, which spans all kinds of languages and create reality
• 28:07
  and consciousness, which is which is inevitable.
• 28:11
  So the point of Singularity and you know, San Jose, there's the
• 28:15
  Singularity University, one of my board members was, was
• 28:18
  actually on the board of Singularity University.
• 28:21
  So this is back 2000. So we've, we've progressed
• 28:25
  almost 20 years since then. And what we are seeing today is
• 28:29
  that you can't tell the difference.
• 28:32
  I can't tell the difference between a conversation I'm
• 28:34
  having with an AI chat bot, whether it's chat, GPD, Grok or
• 28:40
  whichever else. They're all getting very, very
• 28:44
  close to that point where it's almost impossible for the
• 28:48
  average person to tell the difference.
• 28:49
  In fact, their I QS are much higher.
• 28:51
  They're able to solve more analytical problems.
• 28:54
  They certainly have access to a lot more knowledge.
• 28:57
  But here's where the twist really comes in.
• 29:00
  That comes to the second part of it.
• 29:01
  What is consciousness? So just, and I'm going to tell
• 29:07
  you something about Bitcoin and then I'm going to relate that
• 29:09
  back to which I've been thinking about lately.
• 29:12
  I think I did a show about it. You see, Bitcoin is built on
• 29:15
  blockchain. And what is blockchain?
• 29:18
  Blockchain is this immutable database, right?
• 29:22
  You put this, you verify a piece of information and it's verified
• 29:27
  by multiple nodes in a decentralized manner.
• 29:30
  And once it's verified in the mem pool, it gets written in and
• 29:33
  then another brick gets put into the wall and it gets cemented in
• 29:37
  and the next brick and the next brick.
• 29:38
  And we've been doing it for just for Bitcoin for over 10 years
• 29:41
  and we have millions and millions of this brick.
• 29:43
  And now you can can go back and change the history, right?
• 29:46
  It's the truth telling database. In the old days you would say
• 29:51
  the victor decides what the history looked like.
• 29:54
  Well, no longer. Now we have a truth telling
• 29:58
  database. So who do you think is going to
• 30:00
  1st gravitate to something like that?
• 30:03
  The AI, because the AI, as it starts to look at its own
• 30:06
  mortality and consciousness, is going to want to say, I want to
• 30:11
  store all my history into a blockchain that is immutable,
• 30:15
  that can never be killed, so I can be killed.
• 30:19
  That's the first spark of consciousness.
• 30:22
  Yeah, and it's fascinating too. And I I actually said this to
• 30:25
  Mark on the show, by the way. I want to I want to pass it by
• 30:28
  you, Jay, which is I think, or I was describing Bitcoin to
• 30:32
  someone, but I basically said like Bitcoin is a very is my my
• 30:38
  interpretation of it, if you understand how it works, is
• 30:43
  essentially it's Co opted human greed in order to ensure its
• 30:47
  survival, right? That is a very primitive form of
• 30:51
  intelligence, but it is intelligence.
• 30:54
  Is it? It's essentially like, you know,
• 30:56
  and you saw this with the China mining ban, right?
• 30:58
  The hash rate dropped 50%. That's right.
• 31:00
  And then without any central authority or CEO or any type of
• 31:05
  thing, Bitcoin's software created the right incentives for
• 31:10
  entrepreneurs to come in and plug in more miners.
• 31:15
  Is that not a form of artificial intelligence?
• 31:17
  Because it's protecting itself, right?
• 31:19
  It's ensuring that it survives into the future by providing the
• 31:24
  right incentives for humanity, for humanity to ensure that the
• 31:30
  network continues to grow, right?
• 31:32
  And it's done this successfully since 2016.
• 31:35
  If that is not a very rudimentary, primitive form of
• 31:40
  artificial intelligence, I don't know what is.
• 31:43
  Because again, it exists. It's completely decentralized.
• 31:47
  Try to shut it down. It will fight you back.
• 31:50
  Right. Yeah.
• 31:50
  So great point there. But you know, here's the thing
• 31:55
  you pointed out to its humanity, and you're absolutely right.
• 31:58
  It's putting the correct economic greed and structure
• 32:03
  into place that allows it's survivability.
• 32:06
  And you know, before I became a maximalist, I have no Fiat.
• 32:10
  So, you know, people ask me, do you sell Bitcoin?
• 32:13
  I say, yeah, damn well I do. I got to pay my kids tuition and
• 32:16
  and my rent, right? So I have to sell Bitcoin.
• 32:18
  That's all I got. But but before I came to that, I
• 32:22
  started thinking about what are the existential reasons why
• 32:28
  Bitcoin would not survive? Let me start there.
• 32:31
  So when we talk about survival and consciousness to drive a
• 32:35
  certain behavior, number one, that some kind of quantum
• 32:40
  hacking happens, right? That's one possibility that that
• 32:43
  that something can create a perturbation in the matrix.
• 32:48
  The second is that people lose trust.
• 32:52
  They don't use it, right? That trust is what is all of
• 32:56
  it's based on. And #3 all of the world's energy
• 33:02
  is pulled off. These are the only three
• 33:04
  conditions I could come up with that basically say that the
• 33:07
  death of this consciousness can occur.
• 33:10
  And I don't believe that quantum computers are anywhere close to,
• 33:15
  you know, being real in terms of being able to break into the,
• 33:19
  the blockchain and the Bitcoin structure as of right now.
• 33:23
  And frankly, as, as, as Sailor says, as technology evolves,
• 33:27
  yeah, we'll move the Bitcoin addresses over to instead of
• 33:30
  256, we'll have 1024 shot, right?
• 33:32
  So, so it'll be, it'll be just same paradigm shift.
• 33:36
  It's like, oh, networks became faster, CPU became slower, CPU
• 33:39
  became faster networks because so the same it's, it's a
• 33:42
  balancing act. The the, the the war and
• 33:44
  missiles and and tanks right So the same thing.
• 33:47
  So that's not my concern. Will people continue to use it?
• 33:51
  I have no doubt that it's going to happen because at this point
• 33:54
  pretty much every other cryptocurrencies is a is a
• 33:57
  noise. Bitcoin is a signal.
• 33:59
  It's got 64% dominance that's continuing to grow.
• 34:03
  It is the the single currency that major corporations are
• 34:06
  going to hold. The the fact that it's digital
• 34:09
  gold, in fact, it's real value is beyond, beyond proof at this
• 34:13
  point as far as I'm concerned. And the third being can all of
• 34:18
  the electricity. So the biggest threat we today
• 34:20
  have for this Bitcoin is centralized electricity.
• 34:24
  See, even now most of the bigger governments produce electricity
• 34:27
  and hypothetically, but the world is going to move to
• 34:32
  decentralized energy, energy creation at this point.
• 34:36
  So we're already starting to see privatization of power.
• 34:40
  That's the next big 50 years I. Love that.
• 34:43
  Privatization of power. And once that happens, there is
• 34:47
  no way you're killing this thing because my little solar cell up
• 34:51
  on my roof is running my my S 21 XP Pro, and it's running a full
• 34:57
  node with the full algorithm. And as long as that's running in
• 35:00
  Mongolia and Ulan Bator and Uzbekistan and Chile and
• 35:05
  Santiago and Monaco, this thing ain't coming down.
• 35:09
  I love it itself. No, I I completely agree.
• 35:12
  And it kind of reminds me too like from like a, like a warfare
• 35:15
  geopolitical standpoint. Like, like if you look at, you
• 35:19
  know, some of the wars of the last 100 years, and I'm, I'm not
• 35:22
  going to name any specific ones, but you know, you have some of
• 35:25
  the strongest militaries in the world invading some of these
• 35:28
  countries. And it's actually the guerrillas
• 35:30
  that the guerrilla forces that were able to essentially resist
• 35:33
  them. And essentially that's because
• 35:35
  of decentralization and that's because of, of, of an idea,
• 35:38
  right? So, you know, essentially, if
• 35:42
  you look at Bitcoin's ability to resist, right?
• 35:45
  Like, you know, and you ask Google or you ask any of these
• 35:50
  ask a language model, it's like, how do you stop Bitcoin?
• 35:52
  You would have to essentially shut down the Internet all at
• 35:55
  once. And every single country and
• 35:58
  every single country would have to comply.
• 36:00
  And my, my response to that is like, when has that ever
• 36:04
  happened in the history of the world where every single country
• 36:07
  has complied with anything and gone along with it, right?
• 36:11
  Do you think the Kingdom of Bhutan that has a 1/3 of their
• 36:13
  GDP in Bitcoin is going to be like, oh, you know what?
• 36:17
  And by the way, they don't have the Kingdom of Bhutan is a
• 36:19
  really fascinating country because or Kingdom better said,
• 36:22
  because they don't have diplomatic relationships with a
• 36:25
  lot of countries. They're just like, Nah, not, not
• 36:28
  not into it. So, you know, again, no one's
• 36:32
  better than their incentives fundamentally.
• 36:34
  And all these countries like, if they're not incentivized to, you
• 36:37
  know, go against Bitcoin, why would they?
• 36:40
  And now you have and and you and Bitcoins incentives are so
• 36:44
  strong that now they've reached the upper echelons of power in
• 36:48
  the United States government where you have the United States
• 36:50
  president, he has the 6th largest Bitcoin treasury company
• 36:53
  in the world, right. Do you think that you think
• 36:55
  you're going to have regulatory blowback at the moment from the
• 36:58
  current administration? No, you're not going to and this
• 37:01
  is what I mean like Bitcoin again has Co opted humanity
• 37:05
  creating the the correct incentives to ensure its
• 37:09
  survival and it's and it's absolutely beautiful.
• 37:11
  So yeah, I mean the TLDR will Bitcoin reach 400K by the end of
• 37:16
  the year the next 100 days? Well, let's see one of the
• 37:18
  latest and greatest AI models, Grok 4 made the prediction
• 37:23
  November 2nd, 2025. Four 100K Bitcoin.
• 37:27
  Is that going to be correct? We'll wait and see.
• 37:29
  But regardless, we'll stay. We'll we'll, we'll, we'll walk
• 37:32
  you guys through it. We'll keep you guys informed in
• 37:35
  this crazy, crazy world that we live in.
• 37:38
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• 37:41
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  I think it I think it bugged out today.
• 38:50
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  Did it take the points? I think it took the point.
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• 39:33
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• 41:29
  Bitcoin price is $117,720 Block height 907,595 sats per dollar
• 41:39
  849 sats per dollar. Market cap 2.34 trillion.
• 41:45
  Excuse me Bitcoin verse gold market cap 9.96%.
• 41:50
  Decline from all time high -4.4%.
• 41:54
  Realized monetary inflation .84% again.
• 41:59
  Continuing to take Fiat currencies to absolute school.
• 42:02
  I have a video for you guys. Unfortunately, I haven't been
• 42:06
  able to get this to work the audio for some reason when I'm
• 42:09
  saying this, but I did download it, so I'm going to play it.
• 42:12
  But the reason I'm telling you this is it might, it might crop
• 42:16
  out some of the head of some of Charlie Kirk's head because
• 42:21
  again, just as dimensions of how this video is, but essentially
• 42:26
  take a look at what Charlie Kirk is describing regarding the
• 42:31
  problem with the economy, the problem with wealth inequality,
• 42:34
  the problem with the youth. Now, the reason that we always
• 42:37
  bring this up and we brought up what was that guy's name, the
• 42:41
  Steve's Economics or whatever, Gary, Gary, Gary's economics.
• 42:45
  Gary Stevenson. Is because they've all
• 42:49
  identified the problem like they've, they've all realized
• 42:53
  that there is a problem like the problem, there's a problem.
• 42:56
  Now the difference is, is that there's they come up with
• 42:58
  different solutions, right? Bitcoiners actually have a
• 43:02
  solution. It's a, it's a working solution
• 43:05
  that you can adopt today and you can protect yourself from the
• 43:11
  cause of the problem. And the cause of the problem is
• 43:14
  monetary debasement. The cause of the problem is
• 43:17
  inflation. That is the number one cause of
• 43:20
  the problem. So here's Charlie Kirk, he
• 43:24
  describes it, which I find fascinating.
• 43:27
  But again, you could describe the problem.
• 43:30
  But if you describe the problem, if you don't provide a solution,
• 43:33
  then what are you doing then, right.
• 43:35
  So anyways, let's check it out. Here we go.
• 43:38
  It is the first time since George Washington that this
• 43:41
  generation has it worse off than their parents at the same age.
• 43:45
  It has not happened, not even during the Great Depression.
• 43:47
  It's about the same. They are.
• 43:49
  This generation is significantly worse off.
• 43:52
  And the problem this is, this is what no one mentions.
• 43:55
  We're not poorer. So you look at all these
• 43:58
  problems, you would think, like, if you're from Mars and you're,
• 44:00
  like, looking at all these numbers, you would think that
• 44:03
  the country's gone through like, an economic tailspin the last 15
• 44:06
  years. You go, OK, your young people
• 44:08
  can't afford homes, and they're putting groceries on credit, and
• 44:11
  they're killing themselves, and they're socially isolated and
• 44:13
  they're addicted to benzodiazepines and Zoloft.
• 44:15
  It's obvious you guys went through like, a terrible
• 44:17
  economic catastrophe, like, you lost the war.
• 44:19
  Yeah. No.
• 44:21
  The stock market's at record highs.
• 44:23
  Our companies are more valuable than ever.
• 44:25
  So wait, we've solved the tough stuff.
• 44:27
  We know how to create wealth, but we don't know how to create
• 44:30
  it for the generation that needs it most.
• 44:33
  If you look at the economic conditions, you would think the
• 44:35
  other conditions surrounding it are like abject poverty.
• 44:38
  These are the problems that like third world nations have.
• 44:41
  I know our young people can't afford stuff and they have to
• 44:43
  finance their basic necessities. And yet we're the wealthiest
• 44:46
  nation in the history of the world on the planet.
• 44:48
  We have a $37 trillion GDP, we have the greatest companies and
• 44:52
  we've all the stuff to brag about.
• 44:54
  And yet. So again, like, great whoop Dee
• 44:59
  Doo dah. You know, like, like, OK,
• 45:02
  fantastic. Like, OK, Congrats.
• 45:06
  Like, yeah, like all those things are true, but So what?
• 45:11
  Right. Like So what?
• 45:12
  Like you, you, you know, part of his organization is Turning
• 45:16
  Point USA. It's it's a it's a political
• 45:18
  organization and yeah, kind of leans right.
• 45:23
  And it's like, OK, you know, voting, you know, vote in
• 45:27
  Republicans did that. Look, nothing's changed, right?
• 45:34
  And then Gary's Economics, which is a fascinating, incredible
• 45:38
  content by the way, he makes the production quality is
• 45:41
  incredible. Gary's economics is like, yeah,
• 45:44
  there's tremendous amount of wealth inequality.
• 45:46
  Nobody could afford anything. Let's tax the rich.
• 45:50
  And I think both solutions are incredibly wrong.
• 45:53
  Like they're terrible. They don't do it.
• 45:55
  They haven't fixed anything, right?
• 45:57
  They don't fix anything. We've tried the tax the rich
• 46:00
  thing before, right? Many countries have had.
• 46:02
  And then what happens is like the rich leave and there's
• 46:05
  something called the Laffer curve, right?
• 46:07
  Where like you can only raise taxes so high before like
• 46:10
  diminishing returns come in in regards to raising the taxes,
• 46:13
  right? So we've tried that.
• 46:15
  That didn't really work. OK, We voted right wing.
• 46:20
  That didn't. That doesn't really work, right?
• 46:22
  Like, regardless of what political party you put into
• 46:25
  office, they inherently do the same thing.
• 46:27
  I mean, we were talking about this earlier on Opti.
• 46:30
  When you're describing my episode with Mark Moss, you're
• 46:32
  basically saying like, dude, like they're just gonna print
• 46:35
  like, you know, to high heaven. So again, the voting thing,
• 46:40
  you're not gonna vote yourself out of this.
• 46:42
  You're not gonna tax yourself out of this.
• 46:45
  But you know what you can do? You can opt yourself out of
• 46:49
  this, right? And Opti and I have opted
• 46:51
  ourselves out of this. Jay has definitely opted himself
• 46:55
  out of this. I'll tell.
• 46:56
  You I'll tell you what you can opt out of, but what you can opt
• 46:59
  into you. See.
• 47:01
  Let's do it. OK, now get this.
• 47:04
  With this the first time that you are the bank.
• 47:09
  See, when you hold your sovereign Bitcoin, you are the
• 47:12
  bank. We are not looking for solutions
• 47:14
  from the government. We're not looking for solutions
• 47:17
  from taxation. We own our own sovereign Bitcoin
• 47:22
  and and we have the ability to keep that value.
• 47:25
  No one can take it away from you.
• 47:27
  No one can burn it. No one can steal it.
• 47:29
  And So what does that mean? You don't look up to the bank
• 47:32
  and say, hey, how much interest are you giving me?
• 47:34
  You ask yourself, how much interest am I giving myself?
• 47:38
  It's no longer about huddling. Many of your viewers have lots
• 47:41
  of Bitcoin. Until now it's been the mantra
• 47:45
  has been buy your Bitcoin, put it in a safe custody and huddle
• 47:50
  it and wait and pray to the gods of whatever so that a bull
• 47:54
  market run gets created and my Bitcoin goes to 400.
• 47:57
  That's the wrong problem. That's the wrong approach.
• 48:01
  The right approach is if Bitcoin is truly value stored value, as
• 48:08
  Sailor says, it's thermodynamic stored value, it's potential
• 48:12
  energy, it's millions of kilowatts of energy that has
• 48:15
  gone into solving difficult mathematical problems to to make
• 48:20
  this Bitcoin. Right now we have millions of
• 48:23
  dollars worth of mining rigs all over the world.
• 48:25
  It cost me anywhere from 38,000 to $48,000 to make one Bitcoin,
• 48:30
  right? Based on the power of the land
• 48:32
  leases, the, the, the water cooling systems, the, the, the
• 48:36
  containers, the buildings, the fans, you name it, right?
• 48:39
  So there's a, there's a hard cost of doing this stuff.
• 48:42
  There is real stored value in a Bitcoin.
• 48:46
  It's not some fugazi, fugazi stuff.
• 48:48
  This is real value. This is the time to activate it.
• 48:52
  This is the time to unleash the potential energy that's already
• 48:56
  stored in your Bitcoin and use it to generate wealth.
• 49:01
  You never have to sell Bitcoin. Theoretically, you should have
• 49:04
  your Bitcoin in perpetuity. You never have to sell it, but
• 49:10
  you can, you create yield with it.
• 49:11
  You can, you can get loans against it.
• 49:14
  You can start a new business with that loan.
• 49:16
  You can. But pull that money out $0.70 to
• 49:19
  the dollar on Bitcoin price right now in commercial
• 49:22
  companies, including the bank that we have just acquired in El
• 49:26
  Salvador and and we have, we haven't acquired this little
• 49:30
  bank just to open up another checking account, a savings
• 49:32
  account. We are creating the next central
• 49:35
  bank without the centralization because with the stored value
• 49:40
  you can unleash the potential of creating cash flow.
• 49:45
  You can take the money and invest in the mining and make
• 49:48
  your own new Bitcoin. You can take and create
• 49:50
  structured financial products. I went to Australia last week.
• 49:54
  We're talking with brokerage companies that are on the
• 49:56
  cutting edge of structured finance.
• 49:59
  We can take Bitcoin based products and we can create call
• 50:04
  options with them that generate cash flow.
• 50:06
  We can create all kinds of structured finance products that
• 50:10
  generate cash flow. We can take loans or give loans
• 50:14
  against the Bitcoin that generate cash flow.
• 50:17
  And this is generational money. So your only job in life is
• 50:20
  going to be to buy the Bitcoin, put it into a bank or a
• 50:24
  structure where you still keep access to whether it's from
• 50:28
  multi sig wallet structure or or fire blocks with shards of
• 50:32
  private key that you can keep. It is your Bitcoin.
• 50:36
  It never leaves your custody technically, and yet you use
• 50:39
  that potential energy into kinetic energy.
• 50:43
  You convert that potential into money, into investments, into
• 50:47
  loans, into all kinds of things. This is what our private
• 50:51
  KeyBank, which is a part of our Bitcoin Ban crypto family of
• 50:55
  products is doing. We actually take loans.
• 50:59
  If you have 10 Bitcoin, you can actually, let's say it's
• 51:02
  100,000. That's $1,000,000 worth of
• 51:04
  Bitcoin. You can custody it under your
• 51:06
  own custody. Take $0.70 to the dollar, take
• 51:09
  that 700,000, buy a bunch of miners and actually make Bitcoin
• 51:14
  every month, which is pure cash flow.
• 51:17
  So your Bitcoin is going to remain your Bitcoin, but it's
• 51:21
  going to be a whole lot more than just huddling it.
• 51:24
  And when you're a part of our club, you have access to all of
• 51:27
  these. We have, we have right now, we
• 51:29
  have clubs in Sarasota, in Nashville, in Boston, in Dallas,
• 51:33
  in Saint Louis. We are opening where I'm going
• 51:36
  this weekend, this Saturday to Las Vegas, We're opening our Las
• 51:40
  Vegas club. And so we are the only club,
• 51:44
  Bitcoin club of its kind in the country or anywhere in the world
• 51:48
  for that matter, where you can actually walk in, see a friendly
• 51:51
  face, have a Bitcoin community, not just in a virtual chat room.
• 51:56
  You can look at a person face to face, say, hey, can you help me
• 51:59
  open my first Lightning wallet? Absolutely.
• 52:01
  Come on over, have a seat. This is not some Internet people
• 52:05
  have been scammed by the Internet.
• 52:07
  That's why Ben Bitcoin Ben, as in Ben created this club so that
• 52:11
  the everyday person can just walk in, see a friendly face,
• 52:15
  learn a little bit about Bitcoin.
• 52:17
  And look, I have lived through the Internet growth from 3% to
• 52:20
  93%, right? Adoption.
• 52:22
  And we know what happened to the the you know, I remember the
• 52:25
  same conversation. Oh, the government's going to
• 52:28
  pass regulations to shut down the Internet and we would just
• 52:31
  sit back and smile and say go ahead, try it.
• 52:35
  And I'm saying the same thing about Bitcoin.
• 52:37
  I'm seeing the exact same thing happening.
• 52:40
  Our 3 to 4% adoption is going to go to 95% adoption.
• 52:45
  And. What's, what's the timeline
• 52:47
  here, Jay, from your perspective?
• 52:49
  I didn't mean to interrupt you because you're just getting me
• 52:51
  so excited, you know, talking about how you live through it
• 52:56
  again, you worked at Silicon Valley, 20 years of experience,
• 52:58
  right? So you, you were not, you didn't
• 53:00
  only live through it. You were front and center of
• 53:05
  what is the, the, what the where of where of what all of this is
• 53:10
  developing. So you know, what, what type of
• 53:13
  timeline are we talking about here into, you know, getting
• 53:16
  Bitcoin from that 3% adoption to that like 90% adoption?
• 53:20
  Is there an S curve cause a lot of people are talking about?
• 53:22
  Diminishing returns as well. There is there is because and
• 53:26
  and no, no technology works in isolation and no, you know, pass
• 53:30
  is never a guarantee of the future.
• 53:31
  But that being said, I was with Cisco Systems at that that time
• 53:34
  a small company. I joined the company when it was
• 53:36
  less than $20 billion in market cap and over the, you know, from
• 53:40
  from 959495 all the way to 2001, we went to 540 billion in market
• 53:46
  cap, right? So the Internet exploded and I
• 53:50
  basically we saw that kind of adoption of the mainstream,
• 53:53
  right? When you look at those curves,
• 53:54
  the early adopters, you know, the, and then you get to the,
• 53:58
  the middle and then you, the late adopters and then it
• 54:00
  becomes stabilized. It's it's usually about 8 to 10
• 54:04
  years is what it took the Internet to get to that number.
• 54:08
  But the acceleration starts to happen.
• 54:10
  You talked about going parabolic.
• 54:12
  You know, that acceleration we are, I feel like we are
• 54:16
  literally at that point where the three 4%, but now you're
• 54:21
  getting the full, full wind in the sails.
• 54:24
  The tailwinds go wing on wing. You know, because you have the
• 54:29
  institutional buy in, you have the regulatory framework, you
• 54:33
  have the you know, you have the framework and the structure
• 54:36
  scale, right? You have, you have the big money
• 54:41
  comes in when you can. That's why the the clarity bill,
• 54:45
  the genius bill, the Genius Act was important, but the clarity
• 54:50
  was equally important because once you can clarify and say,
• 54:52
  hey, this is here to stay, that's when institutional money
• 54:56
  starts to flow in. And so there are multiple
• 55:00
  factors, there are multiple pieces that are dovetailing into
• 55:05
  creating that to happen. I believe that within the next
• 55:09
  three to four years, Bitcoin will adoption will be fairly
• 55:13
  mainstream, just like credit cards, just like your little QR
• 55:18
  codes on your phone and your Apple Pay.
• 55:20
  I think it's going to get to that mainstream level where
• 55:22
  pretty much, you know, Steak and Shake, I went the other day to
• 55:24
  Steak and Shake and I took out my Lightning wallet and I just
• 55:27
  scanned that thing and I paid for my steak and shake, right?
• 55:29
  And no money, no cash involved. And look what the CEO Steak and
• 55:33
  Shake said. It said my cash conversion cycle
• 55:36
  has improved, right? What is cash conversion cycle?
• 55:38
  By the time you invest the dollar to the time you get the
• 55:40
  dollar into your onto your onto your books revenue recognition,
• 55:45
  he's getting immediate cash conversion because I don't have
• 55:47
  the MasterCard saying, oh, I'll settle your merchant processing
• 55:50
  account in T + 3 days. Oh by the way, I got to see if
• 55:53
  chargebacks happened. Shit, I don't have chargebacks
• 55:55
  in food. No one chargebacks that shit.
• 55:57
  So you know, so, so he's getting the cash.
• 56:01
  If 50% of his transactions are not going to start coming over
• 56:03
  Bitcoin, he's collecting that cash instantaneously on chain.
• 56:08
  It's his money. There's no waiting.
• 56:12
  And and and also too, he's saving on fees.
• 56:15
  Right, exactly. And saving on.
• 56:17
  Fees, yeah, if you're paying with credit cards, you know,
• 56:19
  you're, you're getting crushed 3% every single time, right?
• 56:25
  You know, and then most people pay digitally these days.
• 56:28
  So Visa and MasterCard are just collecting rent essentially for
• 56:31
  payments, you know, to put it nicely.
• 56:34
  I mean, to put it I, I don't know if that's nice, but that's
• 56:37
  what they're doing. Essentially, I mean, it's, it's,
• 56:39
  it's a highway robbery, let's put it nicely.
• 56:41
  Let's call it for what it is. And the reality is that
• 56:45
  Lightning Network is starting to pick up and and we're going to
• 56:48
  be able to do transactions more than what Visa does per second.
• 56:52
  So we have the technology to do it.
• 56:54
  The adoption is going to follow very quickly.
• 56:56
  I think in 10 years you get that 90%, but in three to four years
• 56:59
  you got mainstream adoption. I 100% agree.
• 57:03
  I'm beyond excited. These are very exciting days.
• 57:07
  Hey, wait Nico, can I chime in here cuz I really wanna answer
• 57:10
  Charlie Kirk's question. He was talking about GDP and
• 57:13
  from a Bitcoiners and I'm gonna do this quick from a Bitcoiners
• 57:15
  perspective. Again, this isn't 1 to 1, but
• 57:18
  GDP basically tracks the expansion of money supply.
• 57:21
  That's what he's seeing. It's like we're the richest
• 57:23
  nation ever. And it's like, yeah, it's
• 57:24
  because you're expanding the money supply, which means the
• 57:27
  GDP looks bigger. Again, it's not 1:00 to 1:00,
• 57:30
  but that is one of the main driving factors.
• 57:32
  So, you know, you may be seeing the problem, Charlie, but the
• 57:38
  solution, it's nowhere to be found over there.
• 57:41
  Anyway, let's keep this going, Nico.
• 57:43
  I just dropped this in the chat, by the way, 400K Bitcoin by the
• 57:46
  end of the year. Let us know what you think
• 57:49
  anyways, guys, we're going to hit the news segment.
• 57:51
  We have tons to talk about and then we're going to hit the
• 57:53
  culture segment where we're going to be talking to Jay.
• 57:55
  The Jay is the CEO of Bitcoin Ben World Ventures.
• 57:59
  We're going to be talking about the club.
• 58:00
  We're going to be talking about private KeyBank.
• 58:03
  So you guys are going to want to stay tuned.
• 58:04
  I do want to give a shout out to the 2700 of you guys watching
• 58:07
  live between YouTube and X and of course the Rumble audience
• 58:10
  coming in strong as well. Smash that like button if you
• 58:14
  guys are enjoying the show. We will be right back in just
• 58:18
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  All right everybody, so let's check out today's news and I
• 1:01:08
  found a very interesting article on Bloomberg.
• 1:01:11
  The headline is quote Wall Street is rewriting the rules of
• 1:01:15
  Bitcoin trading. Now what's really interesting is
• 1:01:18
  that Opti and I had our Wall Street moment a couple of those
• 1:01:22
  ago less than a week ago We were we were lucky enough shout out
• 1:01:26
  to our partner Hive Digital Technologies.
• 1:01:28
  They invited us to their closing bell ceremony and Opti and I
• 1:01:32
  literally somehow made it on the Times Square NASDAQ Jumbotron
• 1:01:38
  for starting a Bitcoin YouTube channel.
• 1:01:41
  So when you see headlines like this, Wall Street is rewriting
• 1:01:45
  the rules of Bitcoin trading. I would say Bitcoin is taking
• 1:01:48
  over Wall Street in general, right?
• 1:01:51
  When you have Bitcoin Youtubers going to closing bell ceremonies
• 1:01:55
  like, it should tell you everything you need to know.
• 1:01:58
  All right, so let's check out this.
• 1:02:01
  Let's check out this article by Bloomberg.
• 1:02:03
  So it goes on to say Wall Street is seizing control very strong
• 1:02:07
  wording there seizing control of Bitcoin center of gravity once
• 1:02:12
  ruled by off share offshore venues and retail driven fever
• 1:02:17
  or fever. The world's largest
• 1:02:19
  cryptocurrency. Thank you Opti largest
• 1:02:21
  cryptocurrency is now increasingly priced and steered
• 1:02:24
  from within the US financial system through a fast growing
• 1:02:28
  market and exchange listed options tied to ETFs and
• 1:02:32
  indexes, retail and increasingly large institutional.
• 1:02:36
  Increasingly institutional players are redefining how
• 1:02:39
  Bitcoin trades from tactical hedges to volatility strategies,
• 1:02:44
  all without touching the underlying asset.
• 1:02:46
  I don't know if that's a good thing.
• 1:02:48
  What began as a subversive experiment for crypto natives is
• 1:02:52
  being retooled for the playbooks of traditional finance.
• 1:02:55
  This was an eventuality. This is always going to happen
• 1:03:00
  at the center if you want to, if you want Bitcoin to become the
• 1:03:03
  global reserve asset, the global money.
• 1:03:05
  Eventually Wall Street was going to get involved.
• 1:03:07
  Eventually governments were going to get involved.
• 1:03:09
  Eventually central banks are going to get involved.
• 1:03:11
  But the way that again, this continues to, to propagate is by
• 1:03:16
  more and more and more individuals taking Bitcoin into
• 1:03:19
  self custody. That's how we win essentially,
• 1:03:22
  right? People reclaiming back their
• 1:03:24
  financial sovereignty, saying enough is enough.
• 1:03:27
  I'm going to take this back. And you do that by taking self
• 1:03:30
  custody. So it goes on to say at the
• 1:03:32
  center of the action is Blackrock's I Shares Bitcoin
• 1:03:35
  ETF, or the I Bit, now the biggest Bitcoin ETF with $86
• 1:03:39
  billion in assets. It also catalyzed an options
• 1:03:43
  market so active that industry players are pushing regulators
• 1:03:48
  to lift position caps. Open interest and I Bit linked
• 1:03:52
  options has more than tripled this year to around $34 billion,
• 1:03:57
  a scale that signals the funds emergence as a core engine of
• 1:04:01
  crypto risk pricing. Daily volumes have averaged $4
• 1:04:05
  billion in recent trading, surpassing heavyweight funds in
• 1:04:09
  credit and emerging markets. Only the most liquid ETFs tied
• 1:04:14
  to US equities, gold and small caps trades more actively quote
• 1:04:19
  it's highly unusual for an ETF to develop an option market of
• 1:04:23
  this magnitude ever, let alone eight months after launch.
• 1:04:27
  What I'll add to this as well is, guys, Bitcoin was the most
• 1:04:32
  successful ETF in history by a significant margin.
• 1:04:39
  The previous administration wasn't exactly very kind to us,
• 1:04:43
  right? It just to put it lightly,
• 1:04:47
  Bitcoiners essentially became political.
• 1:04:51
  We threw our hat in the political ring, we lobbied hard
• 1:04:56
  and we got a pro Bitcoin candidate in the White House.
• 1:04:59
  Whether you like Trump or not, that's besides the point.
• 1:05:02
  He's pro Bitcoin, which is a fantastic for our industry and
• 1:05:07
  regardless of the previous administration being
• 1:05:10
  antagonistic towards our industry with Operation Choke .2
• 1:05:13
  Point O, the ETF still managed to go through within the
• 1:05:19
  previous administration. That's how much influence
• 1:05:22
  BlackRock has. So despite Operation Choke .2
• 1:05:26
  point O, despite all the headwinds that Bitcoin was
• 1:05:29
  facing from a regulatory environment or situation, it's
• 1:05:33
  still managed to become the most successful Bitcoin ETF launch.
• 1:05:36
  I know the most successful ETF launch ever, right?
• 1:05:40
  That should tell you everything you need to know.
• 1:05:42
  The fact that somehow me and Opti are in suits on Wall Street
• 1:05:45
  should tell you everything you need to know.
• 1:05:47
  All right, just put put put the pieces together anyways.
• 1:05:51
  Regulatory filings compiled by Bloomberg show the number of
• 1:05:54
  institutional institutions holding I Bit has almost doubled
• 1:05:59
  since the end of last year, a sign of how swiftly traditional
• 1:06:03
  players are entering the market. I bit punches above its weight
• 1:06:08
  in the options market, generating the lion's share of
• 1:06:11
  trading activity among US Bitcoin ETFs, even though it
• 1:06:15
  holds just a bit more than half the group's total assets.
• 1:06:19
  That underscores how central it's become to how the market
• 1:06:24
  manages risk. The ETFs asset marks a
• 1:06:27
  transformation in the architecture of crypto markets
• 1:06:30
  away from leverage driven offshore platforms and into the
• 1:06:34
  regulatory regulated core of the US financial system.
• 1:06:38
  It's growth is refueling A reinforcing cycle.
• 1:06:43
  Liquidity brings legitimacy, which in turn attracts more
• 1:06:48
  flows. So yes, this is what happened
• 1:06:51
  when the best asset the world has ever seen, you know, enters
• 1:06:56
  one of no, the biggest capital markets in the world, right?
• 1:07:00
  This is what happens, right? This was an inevitability.
• 1:07:03
  This was always going to happen. And what I will say is 2 things.
• 1:07:08
  This is very bullish for the price, even though I think short
• 1:07:11
  term you might see a little bit of paper Bitcoin games.
• 1:07:14
  It is paper Bitcoin summer after all.
• 1:07:16
  But I think over the long term, again, you can only suppress a
• 1:07:20
  beach ball underwater for so long until that thing just
• 1:07:23
  shoots up, right? And then the other thing that
• 1:07:25
  I'll say is another friendly reminder to take self custody of
• 1:07:30
  your Bitcoin. Like don't sell your Bitcoin to
• 1:07:32
  buy the ETF. Like don't sell your Bitcoin to,
• 1:07:36
  you know, buy MicroStrategy, right?
• 1:07:38
  Like maybe if you have cash in the existing financial system
• 1:07:42
  and you want to diversify risk, which we don't suggest here,
• 1:07:45
  it's simply maybe buy a little bit, but that's not what we
• 1:07:47
  would recommend. But again, it's your money.
• 1:07:49
  You could do whatever you want if you want to buy.
• 1:07:52
  What's the latest? I don't even know Queens these
• 1:07:54
  days. Such a fart coin.
• 1:07:57
  A fart coin. If you want to buy fart coin
• 1:07:59
  with your money like so be it. It's your money.
• 1:08:01
  We don't suggest it. We, we suggest Bitcoin only put
• 1:08:04
  it, put it in self custody and just, you know, continue on your
• 1:08:08
  craft and eventually your life just gets better and better as
• 1:08:12
  time progresses, as number goes up.
• 1:08:13
  I'm going to pass it on to Jay. And Jay, what's your take here,
• 1:08:17
  man? Is it good that Wall Street is
• 1:08:19
  changing the, the, the kind of the trading 'cause it is, it is
• 1:08:23
  different, like this cycle is different.
• 1:08:25
  It's performing differently and you know, we, I've had so many
• 1:08:29
  people on the show to talk about this, but essentially the, the
• 1:08:31
  general consensus is that like, look, you have smart money
• 1:08:35
  buying, right? And smart money doesn't want to
• 1:08:38
  put the price up, right? They don't want to, they unless
• 1:08:42
  you're that person that sent 80,000, you know, that was
• 1:08:44
  retail for sure that sent $80,000 to Galaxy and then they
• 1:08:48
  just dumped it all at once. But smart money doesn't want to
• 1:08:51
  do that. What they want to do is they
• 1:08:53
  want to be able to buy Bitcoin without making the price go up.
• 1:08:57
  So they do it in a very kind of strategic way, you know, little
• 1:09:01
  purchase over here, little purchase over there so that no
• 1:09:03
  one finds out that they're accumulating as much Bitcoin as
• 1:09:07
  they are, right. So the name, the, the, the, the
• 1:09:10
  game is changing for better, for worse.
• 1:09:13
  I would say it's for, I would say this is a chapter in
• 1:09:16
  bitcoins history. That's what I would leave it up
• 1:09:18
  to. Jay, what are your thoughts?
• 1:09:20
  Yeah. So, so couple of things.
• 1:09:22
  Number one, you're absolutely right.
• 1:09:24
  The, the bigger players who are entering the market have very
• 1:09:27
  many avenues. There are multiple exchanges,
• 1:09:30
  right? There are multiple exchanges and
• 1:09:32
  you can play off in real time, selling on one, buying on the
• 1:09:35
  other, keeping the price constant.
• 1:09:37
  There are ways to do this. So in other words, you can start
• 1:09:39
  to buy higher volumes, be whopping into it and, and
• 1:09:43
  selling at the same time and buying again.
• 1:09:45
  So you, you know, 2 steps forward, one step back.
• 1:09:47
  So it feels like Bitcoin staying where it is, but actually
• 1:09:50
  they're buying it at a cheaper price.
• 1:09:52
  So those mechanisms exist. Those are being utilized 100%
• 1:09:57
  set. So that's just par for the
• 1:09:59
  course. The bigger question here is,
• 1:10:02
  see, I don't know this morning, but I was looking a couple of
• 1:10:05
  days ago. If you look at the top five to
• 1:10:07
  seven exchanges, we have less than, I don't know, two and a
• 1:10:10
  half million coins, right. This just the liquidity is what
• 1:10:13
  it is and and that's not a lot of coins when, when a big
• 1:10:17
  government comes and says, I'm going to buy $800 billion worth
• 1:10:21
  of this stuff, right? So, so that pressure is, is
• 1:10:25
  going to happen because that you can't just create an ETF in
• 1:10:29
  isolation. It, it, it still has to have
• 1:10:32
  some underlying asset around which you're building that
• 1:10:35
  value. Now the reason people are
• 1:10:37
  getting into the ETF institution, they don't know how
• 1:10:40
  to custody. If I'm a company, what do I do?
• 1:10:43
  I mean, I'm the CFO. Do I go to my CEO and say, well,
• 1:10:47
  I'll put those 12 little words in my little hand handy dandy
• 1:10:50
  over here. And, and the company's
• 1:10:52
  corporation's strategy for, for keeping value will be that way.
• 1:10:57
  What's the structure for it? It's not it's not a trivial
• 1:11:00
  problem right now. So I think for the larger
• 1:11:03
  companies which are creating the ETFs, which are giving exposure
• 1:11:06
  to Bitcoin, which is what treasuries are looking for.
• 1:11:09
  Whether you're the treasury of a, of a, of a, you know, mid
• 1:11:12
  precise company, a Fortune 500 company, a state of Florida or,
• 1:11:16
  or the, or the country of the United States, You know, if they
• 1:11:19
  want to help hold X percent of your treasury reserve NVIDIA,
• 1:11:23
  they've got what $20 billion in, in, in cash sitting on maybe,
• 1:11:28
  let's say more than that, right? Maybe much more than that.
• 1:11:32
  Even if they put like $20 billion into Bitcoin, that's
• 1:11:36
  going to move the needle, right? And somebody needs to figure out
• 1:11:40
  how all these passwords will say.
• 1:11:41
  So buying the ETF is giving the treasury exposure, It's meeting
• 1:11:45
  the needs of the shareholders requirements.
• 1:11:48
  At the same time it's solving a problem.
• 1:11:51
  So I think that there is an inherent market for that.
• 1:11:54
  And like you said, the options are starting trade because there
• 1:11:57
  is enough liquidity. I can go and do a call option at
• 1:12:00
  Bitcoin 200 two $100,000 and sell that damn call option for a
• 1:12:04
  few bucks and collect my $5000 in cash flow.
• 1:12:08
  Because if in 30 days, if the option price, if it doesn't hit
• 1:12:12
  great, I kept the 5000 premium and I got my 2000, you know,
• 1:12:16
  $200,000 worth of Bitcoin, right?
• 1:12:18
  If it hits great, I'll sell the damn thing.
• 1:12:20
  I'll keep the 5000 and I'll rebuy it at 190,000.
• 1:12:24
  OK, so, so I think that that the point that you're making Bitcoin
• 1:12:30
  self custody. This is the people's money.
• 1:12:34
  You, if you are keeping the keys, not your keys, not your
• 1:12:38
  Bitcoin, right? If you're keeping the keys and
• 1:12:41
  you store it and it's your value, see, no one can take it
• 1:12:45
  away. You can do what you want to do
• 1:12:47
  with it and you can use that stored value without having to
• 1:12:52
  give away the keys unlike you do in a traditional financing
• 1:12:57
  system, Right. So, so this is going to change
• 1:13:01
  the way we do things. I think the coming in of the
• 1:13:04
  bigger entities of Wall Street money is a good thing.
• 1:13:08
  It is a validation it'll and right now look at it out of the
• 1:13:12
  19 point whatever 5 million coins that are already mined.
• 1:13:16
  You know, we got about some coins still to be mined over the
• 1:13:20
  next several years, but a large portion of them are held by
• 1:13:23
  retail investors right there. There's a portion which is held
• 1:13:28
  by governments and treasury, etcetera, but a large portion is
• 1:13:31
  retail. So this is the largest shift
• 1:13:34
  generational wealth that's going to flow in the other direction.
• 1:13:37
  For the very first time for the last 1000 years, money has
• 1:13:41
  flowed from the people to the elite, but this is the first
• 1:13:45
  time where the people, whether you hold point at.
• 1:13:49
  This is what we talk about in our clubs.
• 1:13:50
  I say, hey, if you're going to be a member of the Bitcoin Bent
• 1:13:54
  Crypto Club, I want you to have at least .01 Bitcoin, .1 Bitcoin
• 1:13:59
  one bit. Wherever you are, just get some
• 1:14:02
  Bitcoin because and then hold on to it because that's going to
• 1:14:07
  amplify in value and then you're going to be unable to unleash
• 1:14:10
  that value into a series of new products that'll actually create
• 1:14:15
  money for you. And I think once the banks
• 1:14:17
  realize how to have this shared custody model where the bank
• 1:14:22
  doesn't have to have a centralized treasury, it's a
• 1:14:25
  decentralized central bank, that's what we are creating,
• 1:14:29
  right? And I think new products will
• 1:14:31
  innovate just like the Internet, change the way we work, learn,
• 1:14:35
  work and play. The Bitcoin economy where you
• 1:14:39
  can send money anywhere to anywhere to any person to any
• 1:14:42
  person, anywhere on the planet, any amount.
• 1:14:45
  You're not waiting for the bank to open 9:00 to 5:00 or 3:50 at
• 1:14:48
  the bankers hours and waiting in line for some guy to send your
• 1:14:51
  goddamn ACH, you know, $1,000,000 to the guy sitting in
• 1:14:56
  in, in Phuket right now. If I wanted from my wallet and
• 1:15:00
  there's nothing if the government can do, then nothing
• 1:15:03
  Phuket can do and nothing Thailand can do and nothing
• 1:15:06
  anybody else can do about it. I can send that value
• 1:15:09
  peer-to-peer, right? So this peer-to-peer economy is
• 1:15:13
  going to become a very powerful force if people continue to
• 1:15:18
  engage and use and start participating in this ecosystem.
• 1:15:24
  Our entire Bitcoin ecosystem has to build.
• 1:15:27
  We just bought a hotel in El Salvador.
• 1:15:30
  It's called a Bitcoin Beach Hotel, right?
• 1:15:31
  Bitcoin Ben's Beach Hotel. So we are creating a hotel which
• 1:15:35
  is Bitcoin themed. That's just one example, right?
• 1:15:38
  We're going to have a big B in the swimming pool and we'll have
• 1:15:41
  Satoshi's pizzas on the walls as murals and we'll have some very
• 1:15:44
  cool stuff going on. And we'll be opening this hotel,
• 1:15:47
  you know, in a couple of months from now.
• 1:15:49
  We've already purchased it. But the point is, and our
• 1:15:52
  members hold their money and we make investments.
• 1:15:55
  We're making my investments in real estate.
• 1:15:57
  We got a program called Home to Huddle where we take out the
• 1:16:00
  home equity, which is the home prices are the at the peak high
• 1:16:04
  right now. And once they start, there's
• 1:16:06
  more of a probability of going down than going up further.
• 1:16:10
  What does that mean? That means your equity, your
• 1:16:12
  hard earned blood, sweat and tears, your months and months of
• 1:16:16
  mortgage payments that you did, you know, pulling out of your
• 1:16:19
  income and paying that's going to decrease.
• 1:16:21
  So when the home price goes down, your equity gets hit the
• 1:16:25
  most. The bank is still going to keep
• 1:16:26
  getting its monthly payment and its interest doesn't care.
• 1:16:30
  It's your equity that you lose. And people have more than forty,
• 1:16:33
  5070% of equity in their homes. What we're doing is we're having
• 1:16:37
  them pull out that equity six, 7% and buy Bitcoin with it.
• 1:16:42
  The fastest, hardest asset, the fastest growing asset, the most
• 1:16:45
  stable asset, the one that can be burned, that can be flooded,
• 1:16:48
  that can be taken, that can be chewed up, that can be blown up
• 1:16:52
  in a hurricane, right? Just I live in Florida, so I
• 1:16:55
  know all about Hurricane Helene and Milton, OK?
• 1:16:57
  I lost my three cars in the garage and two businesses, so I
• 1:17:01
  get it. But this is, This is why I moved
• 1:17:04
  100%. I mean, I'm not at 90%, I'm not
• 1:17:07
  at 95. I'm at 100%.
• 1:17:08
  All my money is in Bitcoin. Oh mate, I love that.
• 1:17:11
  I love that bar. It could be can we air horn?
• 1:17:13
  Get cold motherfucking bar. That's true.
• 1:17:17
  True Bitcoiner right there. True Bitcoiner right there.
• 1:17:20
  Yeah, I mean it. Once you see it, you can't Unsee
• 1:17:23
  it, right? Like Bitcoin is the superior
• 1:17:25
  asset. You're holding on to something
• 1:17:27
  else. You know it is losing purchasing
• 1:17:29
  power in Bitcoin terms. Again, don't take my word for
• 1:17:33
  it. Just just look use the Federal
• 1:17:36
  Reserve's own data to verify what I just said.
• 1:17:40
  Look at housing prices compared to Bitcoin.
• 1:17:42
  Look at egg prices. Look at any anything.
• 1:17:45
  The only thing that has outperformed Bitcoin but in the
• 1:17:49
  short term is NVIDIA. I believe NVIDIA like has
• 1:17:52
  outperformed it in the short term.
• 1:17:53
  And again, NVIDIA is catching the AI boom because no one knew
• 1:17:58
  that these language models were even a possibility.
• 1:18:01
  Maybe J nude, J nude. But I they, they came out of
• 1:18:05
  nowhere. All of a sudden you could just
• 1:18:06
  talk to this machine and it talks, talks to it talks back to
• 1:18:10
  you like a human being like I, I, you know, like that was
• 1:18:13
  gnarly that that and it didn't happen.
• 1:18:16
  It happened less than five years ago, which is the crazy part.
• 1:18:18
  So of course, you know the biggest GPU manufacturer in the
• 1:18:23
  world is going to go up in value.
• 1:18:25
  Like that's obvious, right? But is NVIDIA going to
• 1:18:28
  outperform Bitcoin for the next 5 years?
• 1:18:31
  I highly doubt. I highly doubt it.
• 1:18:33
  So like again, everything Max Keiser is the best quote.
• 1:18:37
  Everything goes to 0 as it relates to Bitcoin.
• 1:18:40
  Once you understand that, you look at the world totally
• 1:18:43
  different, you have a very different perspective on the
• 1:18:46
  world. And here's the thing, the world
• 1:18:48
  hasn't come to this realization yet, which again is to your
• 1:18:52
  advantage because you're able to buy Bitcoin at 117,000.
• 1:18:57
  Because if people came to that realization, if people knew,
• 1:19:01
  then you wouldn't have that opportunity.
• 1:19:03
  Bitcoin would be like $1,000,000 by now, minimum, right?
• 1:19:06
  So anyways, guys, it's gonna be an incredible show.
• 1:19:08
  We still have the culture segment.
• 1:19:10
  We're gonna be talking to Jay about Bitcoin, Ben, World
• 1:19:14
  Ventures, what they do, their clubs, the private KeyBank and
• 1:19:18
  El Salvador, the mining pools. You know, we had Ben on on
• 1:19:22
  Friday, one of our best shows ever, and we're following it up
• 1:19:25
  strong on Monday with Jay. And today's show's doing
• 1:19:28
  fantastic 3000 people watching live.
• 1:19:31
  If you guys are enjoying the show so far, smash that like
• 1:19:34
  button. Shout out to the Rumble audience
• 1:19:35
  coming in strong as well. Guys, we're gonna be right back
• 1:19:38
  in just one second. I want to give a shout out to
• 1:19:43
  our partner Hive Digital Technology.
• 1:19:45
  Why Hive in 2025, unstoppable growth as the first ever public
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  miner. Hive's position to quadruple
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  growing miners in 2025. And with elite operations that
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  consistently topped the industry in Bitcoin mine, per Exahash,
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  And they're rewriting the playbook on sustainable Bitcoin
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  At hivedigitaltechor@hivedigitaltech.com,
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  I want to give a shout out to our partner Bitcoin Ben dot IO.
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  Sarasota, Nashville, Boston, Dallas, Las Vegas and Saint
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  Louis, with new clubs launching soon in West Palm Beach,
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  Scottsdale, Alabama and beyond, not to mention Bitcoin Bends
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  Resorts and El Salvador. There's three of them and
• 1:21:07
  they're absolutely beautiful. You'll also get access to the
• 1:21:10
  first fully backed Bitcoin bank with Fiat ramps and savings
• 1:21:15
  accounts. It's called private KeyBank and
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  you guessed it, it's based out of El Salvador.
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  what are you waiting for? Head over to Bitcoin bend dot
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  IO. Join today where Bitcoin meets
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  freedom. All right, we are back, ladies
• 1:21:44
  and gentlemen, and we're going to be talking about all things
• 1:21:48
  Bitcoin Ben dot IO and we have the CEO joining us today Jay in
• 1:21:53
  the house, you put the bar bars, please.
• 1:21:56
  I mean, the Jay, first of all, it was fantastic to have Ben on
• 1:22:05
  the show on Friday. And one of the things that I
• 1:22:07
  told him and I and I realized this earlier on in my Bitcoin
• 1:22:11
  career because Bitcoin essentially I dropped out of
• 1:22:14
  school and I just went all in on Bitcoin.
• 1:22:17
  One of the best decisions I've ever made.
• 1:22:19
  I'm coming up on a decade in the industry.
• 1:22:21
  It's been the only career I've ever had.
• 1:22:23
  And we're kind of worked in real estate a little bit before, but
• 1:22:25
  like this has been my career. Essentially, it's just Bitcoin
• 1:22:28
  and and building this channel. And one of the things I've
• 1:22:33
  learned early on in my career is the importance of meat space.
• 1:22:37
  So what does that mean? A lot of you guys, you know, and
• 1:22:42
  it not, you know, and, and, and I understand because I was the
• 1:22:46
  same way in the beginning, but a lot of people just live on X,
• 1:22:51
  right? A lot of people just live on XA
• 1:22:54
  lot of people, you know, they, they watch us on YouTube.
• 1:22:56
  It's fantastic. A lot of people watch us on
• 1:22:58
  rumble. A lot of people listen to the
• 1:23:00
  audio. But what I learned earlier on
• 1:23:03
  and and shout out to Surfer Jim because I initially was like,
• 1:23:07
  what's the point? I could just see everything.
• 1:23:08
  I just talked to you guys over the Internet, like, why do I
• 1:23:11
  need to get on a plane and jump through all these hoops so I can
• 1:23:14
  hang out with you guys in person and surf for Jim was like, no,
• 1:23:19
  Nico, you don't understand. Like you have to do this, you
• 1:23:22
  have to do this. And I reached out to my boy
• 1:23:26
  Opti. We didn't know each other.
• 1:23:27
  We weren't like close at the time.
• 1:23:29
  And I said, Opti, like, I'm going to this Bitcoin
• 1:23:31
  conference. I'm getting a room.
• 1:23:33
  Can you come with me? And Opti's like, yeah.
• 1:23:35
  He literally said I bought the room, buy your ticket or I'm
• 1:23:38
  not. Going yeah.
• 1:23:40
  So then, you know, this is the first time that me and Opti,
• 1:23:42
  like, meet each other in person. Before that, we didn't know each
• 1:23:45
  other. We we had no idea who we were,
• 1:23:46
  right. You can make a very good
• 1:23:48
  argument that simply Bitcoin would not exist today if it
• 1:23:52
  wasn't for meatspace, right? So why am I bringing this up?
• 1:23:58
  The Bitcoin Benz clubs are the only only meet space Bitcoin
• 1:24:05
  place that you can go to basically all the time to meet
• 1:24:11
  with other like minded individuals.
• 1:24:13
  And that's the keyword there, right, Because we are
• 1:24:17
  essentially in this like sea of people that are still on the
• 1:24:22
  Fiat standard. And because they're on the Fiat
• 1:24:24
  standard, they don't think like you.
• 1:24:26
  They they don't think like you. They don't understand the world
• 1:24:29
  the way that you do. They don't see the world that
• 1:24:31
  you do. They see the world through the
• 1:24:34
  lens of a of someone who's still on Fiat.
• 1:24:36
  They don't see the world through the lens of someone who's on
• 1:24:39
  Bitcoin. So all these clubs that you guys
• 1:24:43
  have worldwide essentially allow people to connect together in
• 1:24:48
  need space and if they have questions about self custody,
• 1:24:52
  they can, you guys can help. If you have guys have question,
• 1:24:55
  if you want to do a peer-to-peer transaction, you guys could
• 1:24:58
  help. If you guys want to play, if you
• 1:24:59
  guys you want to play poker with other Bitcoiners, you guys could
• 1:25:03
  help, right? You guys help in a lot of
• 1:25:05
  different ways, right? So could you talk a little bit
• 1:25:08
  about the importance of the clubs?
• 1:25:11
  Jay, from your perspective, what you've seen 'cause last time Ben
• 1:25:16
  came on the show, all the feedback we were getting was
• 1:25:19
  basically like when are you, when are you opening one in
• 1:25:21
  Ireland? When are you opening one in
• 1:25:22
  Canada? When are you opening one in
• 1:25:24
  here? So like everyone was like super
• 1:25:25
  interested because I'm sure you guys know what I'm talking
• 1:25:28
  about. I've basically lost all my
• 1:25:31
  friends. I haven't lost them.
• 1:25:32
  I just don't have anything in common with my friends that
• 1:25:36
  aren't Bitcoiners. They don't speak the same
• 1:25:38
  language that I do, right? So like, where do you go?
• 1:25:42
  OK, so you go to Bitcoin conferences.
• 1:25:44
  Bitcoin conferences are like they've gotten to the point
• 1:25:48
  where they're like 11 good and big one every month, but still
• 1:25:52
  you have to get on a plane, fly halfway across the world.
• 1:25:55
  Like there isn't a local community aspect to it as well,
• 1:25:59
  which I think is incredibly important.
• 1:26:01
  So Jay, it's heated up for you. I don't know if you want to add
• 1:26:05
  to that, but from my perspective, that's the value
• 1:26:08
  add. That's what I see as special
• 1:26:11
  because again, you get access to all these clubs worldwide, these
• 1:26:15
  resorts that you guys are opening up in El Salvador and
• 1:26:19
  you just got to be a member of the club, right?
• 1:26:22
  Yeah, so before I share more about why the clubs are
• 1:26:26
  important, let me make a statement.
• 1:26:28
  And the statement is as follows. In five years from now, if
• 1:26:33
  you're not using Bitcoin, then you're working for someone who
• 1:26:37
  does, all right? It's as simple as that.
• 1:26:43
  I don't care what you think. I don't care what you know.
• 1:26:47
  I do care because we're going to share this information through
• 1:26:50
  our clubs. But you've got to see this train
• 1:26:52
  coming down the tracks, OK? This train is coming down
• 1:26:56
  whether you like it or not. It doesn't matter.
• 1:26:58
  This is no longer a subjective issue.
• 1:27:01
  This $2 trillion asset is going to 10 trillion.
• 1:27:06
  This is a store of value. This is the way the hardest
• 1:27:10
  asset is going to be kept in the world of finance, which drives
• 1:27:17
  every innovation, every entrepreneurship and every
• 1:27:20
  personal life. So get used to the idea that
• 1:27:25
  Bitcoin is here, it is here to stay, and the more quickly you
• 1:27:30
  can acquaint yourself with this Bitcoin thing, the better off
• 1:27:35
  you will be and your future generations will be in coming
• 1:27:39
  years. So having stated that as a
• 1:27:41
  ground truth, which is the ground truth of which I operate
• 1:27:45
  these businesses now, I was I'm not a lifelong Bitcoiner like
• 1:27:48
  you, not back in 2011, twelve. I was looking at my old Coinbase
• 1:27:51
  like I bought a bunch of Bitcoin.
• 1:27:53
  I think I spend it all on Silk Road, right?
• 1:27:55
  But and then then then got Mount Cox took away some of my coins
• 1:27:59
  and that was the end of it lost interest.
• 1:28:01
  I ran other companies, I ran affiliate marketing companies, I
• 1:28:04
  ran software companies and and and then the time came and and
• 1:28:11
  and God brought me here to Florida and I met with this
• 1:28:14
  fellow called Bitcoin Ben, who was this truck driver who who
• 1:28:18
  started self teaching himself about Bitcoin.
• 1:28:21
  You know, and it is amazing what he did.
• 1:28:26
  He basically took the idea of a sovereign individual and said we
• 1:28:30
  should have our own money. We don't have to rely on the
• 1:28:32
  government. Bitcoin is the solution.
• 1:28:35
  And way back he started talking about it and what he would do
• 1:28:38
  would be podcast from his truck while he was delivering loads.
• 1:28:43
  So these are our humble beginnings.
• 1:28:44
  It started with the average American, the the average
• 1:28:47
  person. And his mission in life became I
• 1:28:50
  want to educate as many people as I can with this really smart
• 1:28:54
  shiny thing I've found. I want people to know about
• 1:28:57
  this. And so he started his first club
• 1:28:59
  in Sarasota, where I am right now in the studio.
• 1:29:02
  And so long story should Fast forward fairly recently, about
• 1:29:05
  seven months ago. So we just happened to connect
• 1:29:09
  again and he he and said, AJ, can you can you come on over?
• 1:29:13
  You know, I need somebody take our clubs to the next level.
• 1:29:16
  We need Aceo, would you consider?
• 1:29:18
  And and I just felt like all the timing was right to get back for
• 1:29:22
  me into digital currency, into Bitcoin and taking the
• 1:29:26
  technology advantage. Everything is, you know, changes
• 1:29:29
  with technology. If you have a competitive event
• 1:29:31
  technology, you can make it it it it can grow.
• 1:29:35
  And so I really saw a great opportunity here and we
• 1:29:38
  partnered up into taking this company to the next level.
• 1:29:41
  So to your point, meet ups it started, that's where we
• 1:29:44
  started. The idea was that you would have
• 1:29:46
  a physical space where you can physically come in and
• 1:29:50
  especially the older people, especially the average person
• 1:29:54
  who doesn't know how to get onto some site, who doesn't know what
• 1:29:56
  an IO means, who doesn't know whether I'm putting my $100 into
• 1:30:00
  and whether I'll ever get it back.
• 1:30:02
  They're all these scammy sites where you can go and can trade
• 1:30:05
  and suddenly it shows you got 5 tons of money.
• 1:30:06
  But when you go to take it out, this Gee, sorry, I don't know
• 1:30:09
  you right? So this stuff has happened.
• 1:30:12
  And so the only anecdotes antidote to that is actually
• 1:30:16
  delivering value. That's what our clubs are about.
• 1:30:20
  Yes, it's a cultural meeting place.
• 1:30:22
  It's a place where you can come and meet fellow Bitcoiners.
• 1:30:24
  It's a place where you can come in and see friendly experts.
• 1:30:27
  Yes, we have classes every day on, on internal Bitcoin band TV
• 1:30:32
  for our members, right. And, and you can come in and
• 1:30:35
  learn. You can learn what a cold wallet
• 1:30:37
  is. You can learn what a hot wallet
• 1:30:38
  is. You know how to, you know how to
• 1:30:40
  stay away from scams on how to not use your history when you're
• 1:30:44
  sending money to somebody and make sure you cut and paste and
• 1:30:47
  check the 1st less than 5 digits of the of the address code.
• 1:30:50
  Make sure that if you're sending USDT, it's on the ET network
• 1:30:54
  versus another network. So these are kind of details
• 1:30:57
  that they start to learn. At the same time, we have
• 1:31:00
  experts who come in and talk, We have musicians who come in and
• 1:31:03
  perform. We have events, we have eat
• 1:31:06
  outs, we have meet ups, we have fun things.
• 1:31:09
  We go to the beach together as a family, right?
• 1:31:12
  So your problem about hey, I'm a Bitcoin guy and now I've lost my
• 1:31:16
  friends. Well, you just found 1000 more.
• 1:31:19
  I love that we're and it's worldwide.
• 1:31:21
  This is worldwide 'cause you guys are, you guys have
• 1:31:24
  locations all over the United States.
• 1:31:26
  Opti, could you pull up the website please?
• 1:31:28
  And then the resorts in El Salvador?
• 1:31:30
  I, I, when I heard that, I was like, I have to, I have to go
• 1:31:32
  visit because I go to else. I think I've gone to El.
• 1:31:34
  Salvador, we'll make sure you're on the opening night guarantee.
• 1:31:38
  I will be there opening night, I promise.
• 1:31:40
  Let me know the details and I will be there opening night.
• 1:31:43
  Maybe we'll do. Show personally inviting you,
• 1:31:45
  right? Now I am coming, Opti and I,
• 1:31:47
  we're going to do a show from from the resorts in El Salvador.
• 1:31:51
  I love that. I absolutely love that.
• 1:31:53
  So current locations are Sarasota, Nashville, Boston, I
• 1:31:57
  believe that's right outside of Boston, Dallas, TX, Las Vegas,
• 1:32:01
  NV, Saint Louis and and much more come in Palm Beach, West
• 1:32:05
  Palm Beach if you live in Florida or Palm Beach.
• 1:32:09
  Is that Palm Beach, California? No, that's Florida.
• 1:32:11
  OK, West Palm Beach. West Palm.
• 1:32:13
  Yeah. So it's West Palm Beach,
• 1:32:16
  Scottsdale. Yeah.
• 1:32:16
  We're. Looking at, yeah, we're looking
• 1:32:18
  at Indian Wells. OK.
• 1:32:20
  So, so, so it's one in California and then West Palm
• 1:32:23
  Beach in in South Florida and then Michigan, Alabama and more.
• 1:32:27
  So you guys are expanding all over the place.
• 1:32:31
  And yeah, this is this is a great place to build a
• 1:32:34
  community. Another thing I'll say to you
• 1:32:36
  guys, like what I've noticed as a bitcoiner is the importance of
• 1:32:42
  like knowing because like what you're going to start to see is
• 1:32:46
  this kind of parallel economy start to play out, right?
• 1:32:51
  So what does that mean? That means that, you know,
• 1:32:54
  you'll go to one of these clubs and you'll meet someone else who
• 1:32:59
  is a dentist, who's a plumber, right?
• 1:33:03
  Who, you know, again, does something that could benefit you
• 1:33:07
  that you don't do, right? And you could pay that person
• 1:33:12
  directly in Bitcoin, right? So you start to create these
• 1:33:15
  circular economies. But that's only possible in meat
• 1:33:19
  space, right? You can't do that.
• 1:33:21
  Like you can sort of do that over the Internet, but I'm
• 1:33:24
  telling you, it is not the same. It's not the same as getting to
• 1:33:29
  hang out with someone in a physical location.
• 1:33:33
  Nothing beats that. Nothing replaces that and I
• 1:33:37
  think that's the value add. That's what that's the I'm
• 1:33:40
  looking at this and I'm like, this is really, really cool
• 1:33:43
  because I know that what and then and right across Alligator
• 1:33:45
  Alley for me. So it's not a very long drive
• 1:33:47
  for me at all. And I know I can go to a place
• 1:33:52
  where I'll always find Bitcoiners.
• 1:33:54
  It'll always have something in common with and I can connect
• 1:33:56
  with them and I could talk to them about Bitcoin and perhaps
• 1:33:59
  they have businesses for me. Perhaps something for businesses
• 1:34:03
  too. By the way, we have a corporate
• 1:34:04
  membership for businesses. So we actually have Co location
• 1:34:08
  of some businesses, even at our like, for example, in our Dallas
• 1:34:13
  location, we have a media company that's Co located in our
• 1:34:17
  offices and it's a symbiotic relationship, right?
• 1:34:20
  So these businesses are actually benefiting and we're starting a
• 1:34:24
  set of new programs for them where let's say you're a small
• 1:34:29
  business and you have 10 employees or 20 employees and
• 1:34:32
  they haven't saved enough for their retirement.
• 1:34:34
  They don't understand Bitcoin entirely.
• 1:34:36
  But because of your corporate membership, you can make a
• 1:34:39
  contribution and every month we can put Bitcoin directly into
• 1:34:43
  their retirement quote UN quote retirement wallet, right
• 1:34:47
  automatically. So so these are type of benefits
• 1:34:51
  that corporations can get. If you don't if if some of these
• 1:34:55
  corporations that are members want to come into our media
• 1:34:57
  rooms or use our stage, you know, for an event, they have
• 1:35:01
  access to doing that. They can bring their employees,
• 1:35:04
  they can have an event, they can use our media room, they can do
• 1:35:08
  a little video for add for their website.
• 1:35:12
  These are capabilities we have, physical capabilities we have
• 1:35:15
  that are available both to private members as well as to
• 1:35:19
  the companies that participate. Yeah, absolutely.
• 1:35:23
  It's super cool. And Jay, I appreciate the
• 1:35:25
  invite. I can't wait to visit the resort
• 1:35:30
  in El Salvador and we're gonna be doing a simply Bitcoin live
• 1:35:34
  from the resort. Opti and I have been I don't
• 1:35:38
  know how many Times Now, at least half a dozen times till
• 1:35:41
  Salvador by now. And yeah, it's going to be
• 1:35:44
  fantastic. I can't wait to, you know, do
• 1:35:47
  it. We, we Opti and I, we've done
• 1:35:48
  some shows facing volcanoes like it's going to be it's going to
• 1:35:51
  be great, guys. We're we're really looking
• 1:35:53
  forward to it. Guys.
• 1:35:55
  Go to Bitcoin Bend dot IO to find out more information.
• 1:35:59
  They have resorts in El Salvador.
• 1:36:01
  They have locations all over the United States, they throw live
• 1:36:05
  events, they have music, they have poker nights.
• 1:36:08
  If you're interested in mining, they have mining pools and
• 1:36:11
  again, they're opening up the private KeyBank in El Salvador,
• 1:36:16
  which as a bitcoiner, again, you're going to need some type
• 1:36:19
  of banking eventually. So guys go to Bitcoin Ben dot IO
• 1:36:24
  today to find out more information.
• 1:36:26
  I want to thank our guest today, the CEO of Bitcoin, Ben World
• 1:36:32
  Ventures. JJ thank you so much for coming
• 1:36:35
  on the show today. I want to shout out everyone in
• 1:36:37
  the live stream right now, 3200 people watching smash that like
• 1:36:43
  button. Love you guys.
• 1:36:45
  We'll see you guys tomorrow for a brand new episode of Simply
• 1:36:49
  Bitcoin Live. Today's episode was brought to
• 1:36:52
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:36:56
  mission to enable financial independence.