Latest / Simply Bitcoin / BlackRock JUST Expanded To A NEW $10T Market | EP 1210

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BlackRock JUST Expanded To A NEW $10T Market | EP 1210 · Simply Bitcoin

• 0:00
  Joe, on the same day that Blackrock's Bitcoin ETF just
• 0:04
  launched in Europe, we're hearing some very interesting
• 0:07
  rumors coming out of Asia as well, suggesting Bitcoins
• 0:11
  biggest antagonist. Could be pivoting.
• 0:13
  Back into Bitcoin. You're right, You heard that
• 0:16
  right. Before we get into what's
• 0:18
  happening in the Asian markets, let's explain how Europe's new
• 0:22
  BlackRock Bitcoin ETF could be the escape valve for the region.
• 0:27
  Those are not my. Words.
• 0:28
  Those are Christine Lagarde's own words.
• 0:30
  This news is surprising because the EU has taken such an anti
• 0:35
  Bitcoin stance in the past, but what do the.
• 0:38
  European people want, I think that's the actual question,
• 0:41
  whether you're a bitcoiner in Europe, Asia or.
• 0:43
  America, you need to be paying attention to the global Bitcoin
• 0:48
  game theory and everything we're going to be breaking down for
• 0:51
  you today because this new demand could mean that Bitcoin
• 0:55
  is on the verge of new all time highs.
• 0:58
  Of course, joining me today in the.
• 1:00
  Flesh because we're in town for the Mining Disrupt conference
• 1:04
  happening in Fort Lauderdale, FL is my legendary Co host.
• 1:07
  Optimus Fields in the Co host seat.
• 1:09
  Anyways, ladies and gentlemen, no more delay.
• 1:11
  Let's jump straight into what are we talking about.
• 1:14
  BlackRock launches ETF in Europe following US success.
• 1:20
  Not surprising whatsoever, the BlackRock Bitcoin ETF was the
• 1:25
  most successful ETF launch in. ETF history.
• 1:29
  All right, who could? I mean, it's almost as if
• 1:32
  bitcoiners have have told you so.
• 1:34
  But let's get through. Let's get to some of the
• 1:36
  details. BlackRock is launching a Bitcoin
• 1:39
  exchange traded product in Europe on Tuesday following the
• 1:43
  success of its US Spot Bitcoin ETF, which was launched last
• 1:47
  year. BlackRock I shares Bitcoin ETP
• 1:51
  will be listed on the Euronext Paris and Exterta under the I I
• 1:56
  Bill 1T ticker, as well as the Euronext Amsterdam under BTCN
• 2:02
  today. According to iShares, the ETP is
• 2:05
  backed by Bitcoin held by Coinbase custody International
• 2:09
  Ltd in cold storage. That's a tremendous amount of
• 2:12
  Bitcoin that you know, our, our buddy Brian Armstrong is holding
• 2:16
  holding over there at Coinbase. I mean he's custodying the
• 2:20
  Bitcoin for I think it was like the majority of the ETFs.
• 2:24
  He's custodying the Bitcoin for Michael Saylor.
• 2:26
  Michael Saylor owns 500,000. Coins are very close to owning
• 2:29
  500,000. Coins.
• 2:30
  No, he's past 500,000. He's past 500,000 coins.
• 2:33
  Thank you for the correction, Opti.
• 2:35
  I mean, that's a lot of, that's a lot of, it's a lot of Bitcoin
• 2:38
  held by Coinbase anyways. The listing of the Bitcoin ETFs
• 2:42
  Etps in Europe marks Blackrock's first introduction of crypto
• 2:46
  backed Etps outside North America, according to Bloomberg.
• 2:51
  As of Monday, the iShares Bitcoin Trust BlackRock Spot
• 2:55
  Bitcoin ETF in the US has recorded a cumulative net inflow
• 2:59
  of $39.8 billion and holds. 50.69 billion in net assets,
• 3:07
  making it the largest among US spot.
• 3:10
  Bitcoin ETFs, US spot Bitcoin ETFs have recently enjoyed a
• 3:14
  substantial period of success, recording positive flows for
• 3:19
  seven straight days. I mean, I think this is the
• 3:22
  recovery that we've all been feeling.
• 3:24
  You know, we hit 78. It didn't feel good and I think
• 3:28
  we reached like 88,500. That felt pretty good.
• 3:32
  Could we be back? Is it too early to sell?
• 3:34
  I don't know We'll see, we'll see and we'll find out.
• 3:37
  But anyways, it goes on to say on Monday, these USETF saw 84
• 3:43
  million in that inflows with a total trading volume of 1.97
• 3:49
  billion with AB. Anyhow, moving on to the news
• 3:53
  that's happening because it's not only in the United States
• 3:57
  but also in Hong Kong. Hong Kong ETF issuer says China
• 4:02
  is preparing a shift into Bitcoin and crypto.
• 4:07
  What's really interesting about this as well is David Bailey.
• 4:10
  David Bailey has been instrumental with the Bitcoin
• 4:16
  regulatory environment in the United States.
• 4:18
  I mean, he did get the president, who's president-elect
• 4:21
  at the time to show up at the Nashville conference Bitcoin
• 4:25
  2024. He made that historic speech,
• 4:29
  right? Don't sell your Bitcoin.
• 4:30
  Have fun with your bitcoins. He promised us number would go
• 4:33
  up. He promised us that he would
• 4:34
  free, he promised us that he would fire Gary Genser.
• 4:37
  He promised us that he would make a strategic Bitcoin
• 4:40
  reserve. All those things came true.
• 4:42
  And it seems like so when when David Bailey is talking about
• 4:47
  this, I mean, I think, you know, I I don't think he's he's, you
• 4:52
  know, talking BSII think he he must know something.
• 4:56
  So anyhow, let's check this out. Always bet on Trump every time.
• 5:01
  Fading the greatest of all time is not a recipe for for success.
• 5:05
  And he's talking about the game theory accelerates.
• 5:09
  And this is what we've been talking about.
• 5:11
  This is what Max Keiser calls the global hash war.
• 5:15
  What are you doing now? There's another.
• 5:20
  So, yeah. And why you find that, Opti?
• 5:23
  Because we are sharing the screen right now.
• 5:25
  Yeah. It's a picture of Xi Jinping and
• 5:28
  then of course, Trump. And of course, you know, the US
• 5:31
  and China are competitors. Let's just let's just pull this
• 5:35
  up. So the US and China are
• 5:37
  competitors. You know, they they obviously
• 5:39
  see each other as competitors. And, you know, it behooves China
• 5:44
  to at least stay at pace with the United States, especially if
• 5:48
  number continues to go up. If number continues to go up,
• 5:52
  China, Russia, any other authoritarian country is not
• 5:55
  going to have a choice but to jump on the Bitcoin train
• 5:59
  anyways. Hong Kong ETF issuer Hash Key
• 6:02
  Capital CEO Chao Deng says the Asian country is looking into
• 6:07
  Web 3 and crypto and might reconsider its stance on digital
• 6:11
  currencies. Although crypto is banned in
• 6:13
  China, the government greenlit the use of blockchain
• 6:17
  technology. In a recent interview with CNBC,
• 6:20
  Deng said that Hong Kong is a gateway to the Chinese mainland,
• 6:24
  often serving as a testing ground for the country's new
• 6:28
  financial and technological innovations.
• 6:31
  Because you guys have to remember, right, Hong Kong used
• 6:33
  to be a British colony. Part of the conditions that the
• 6:36
  British would get gave to China to give it back was that it had
• 6:41
  to remain, you know, relatively more, more more free than main
• 6:47
  the mainland China. That's changed recently, but we
• 6:50
  were reading you guys articles last year where it it was like
• 6:54
  clearly saying like officials from Beijing are essentially
• 6:59
  giving the green light for Hong Kong to go down this path.
• 7:03
  So I love how the I love how this article broke it down in
• 7:06
  terms of Hong Kong being a test bed.
• 7:09
  I think this, the name of the system is one country, 2
• 7:13
  systems. I don't know, I maybe I
• 7:14
  butchered that. Yeah, one country, exactly 1
• 7:16
  country. I got it right.
• 7:17
  One country, 2 systems. And they're using Hong Kong as
• 7:20
  this like isolated city that's part of China.
• 7:24
  But you know, has a, has a, has a, has a different history
• 7:29
  because it was a British colony for so long.
• 7:32
  And they're using that to essentially test it without
• 7:35
  exposing the mainland to, I would say the freedoms of
• 7:39
  Bitcoin. But maybe that's not appropriate
• 7:41
  here. Anyhow, it goes on to say Donald
• 7:43
  Trump's election victory changed China's perspective on crypto.
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  This is the game theory. This is why we're going to win.
• 7:52
  Bitcoin has the best game theory.
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  Incentives are better than coercion.
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  That's why inevitably we're going to win.
• 7:59
  It goes on to say China was once the world's epicenter of crypto
• 8:04
  training and mining, with yuan based transactions accounting
• 8:07
  for 80% of global Bitcoin volume before a regulatory crackdown
• 8:13
  began in 2013. However, four years later,
• 8:17
  authorities completely tighten restrictions, banning domestic
• 8:21
  cryptocurrency exchanges, Icos and events promoting digital
• 8:25
  assets. After Donald Trump won the
• 8:28
  November 2024 U.S. presidential elections, Deng said that China
• 8:33
  shifted its stance from hostile to supportive quote.
• 8:38
  With Trump and the new administration's support, the
• 8:41
  regulatory framework will be more clear.
• 8:43
  So now institutions, endowments, financial institutions and high
• 8:47
  net worth individuals feel comfortable getting into the web
• 8:51
  3IN crypto space and in more regulated and compliant way.
• 8:55
  China's central bank does not recognize cryptocurrency as
• 8:59
  legal tender and regulators have not passed formal legislation
• 9:03
  outlying it, outlawing it in it entirely.
• 9:07
  And of course that is by design. The 2013 government circular on
• 9:11
  on Bitcoin has classified it as a virtual commodity rather than
• 9:16
  a currency, very similar to how it's being seen here in the US,
• 9:19
  if we're being honest, at least from a regulatory perspective,
• 9:22
  allowing citizens to trade it at their own risk, quote
• 9:26
  regulations takes a longer time than the industry expects.
• 9:30
  It's always the case in all new nascent industries.
• 9:33
  This is also already a very important message to the
• 9:37
  industry. the US regulator will be followed by other regulators,
• 9:41
  same as Europe and Asia here in Singapore and Hong Kong, Dan
• 9:46
  added. This reminds me of a very famous
• 9:51
  horse. I mean famous horse famous
• 9:55
  article by Alex Gladstein and the name of the article is
• 10:01
  called Bitcoin is a Trojan horse for freedom.
• 10:04
  Now, what's really interesting is this article was written back
• 10:08
  in 2021 and essentially it predicted how even totalitarian
• 10:14
  governments would not be able to resist number go up technology
• 10:20
  and the incentives in the game theory.
• 10:22
  This is why Bitcoiners are so I would say, overly confident that
• 10:27
  we're going to win because we just have better money.
• 10:30
  So I'm going to read you guys some of the passages from here
• 10:33
  that I think really, really interests me and what it
• 10:36
  applies. So the meme begins with wealthy
• 10:40
  individuals, corporations, and soon governments.
• 10:42
  Mind you, this was written in 21.
• 10:44
  This was before the Strategic Bitcoin Reserve, which see
• 10:48
  Bitcoin as glittering digital gold out of self preservation.
• 10:53
  Remember, in the US it's we have to pay down the debt.
• 10:56
  In China, it's like, oh, we got to stay competitive with the
• 10:58
  United States and greed. They're incentivized keyword
• 11:02
  there to buy, to buy mine and one day tax this new prize to
• 11:07
  accumulate the soundest money and gain an advantage over their
• 11:11
  rivals. That sounds familiar.
• 11:14
  Bitcoin does after all on it in on it's exterior look very
• 11:18
  appealing. It is the best performing asset
• 11:21
  in the world over the past 12 years.
• 11:24
  It goes on to say. But Bitcoin is not just number
• 11:29
  go up technology. Hidden behind the eye popping
• 11:32
  gains is a powerful freedom go up technology that it's new
• 11:37
  adopters are knowingly or not pushing forward.
• 11:41
  NGU and FGU are inextricable. You cannot disconnect number go
• 11:47
  up with freedom go up. This is why Bitcoin is so
• 11:51
  amazing because essentially it's Co opted human greed in order to
• 11:56
  ensure its survival. And it's a virus that's a
• 12:00
  freedom virus that is spreading worldwide and it's disguised as,
• 12:07
  you know, this, this beautiful new gold, this digital gold.
• 12:12
  But in reality, it's it's a it's a it's freedom tech.
• 12:16
  It's freedom tech. That's exactly what it is.
• 12:18
  Anyways, Opti, this is incredibly bullish news, man
• 12:21
  here the week of the mining disrupt conference here in Fort
• 12:25
  Lauderdale, FL largest Bitcoin mining conference in the world
• 12:30
  happening this week. We're going to be live streaming
• 12:32
  it tomorrow and Thursday. We will not be having a show,
• 12:37
  but we will be back on Friday. But you guys will have so much
• 12:40
  content. Literally I think it's like 8
• 12:42
  hours of content tomorrow and the day after.
• 12:45
  So it's going to be absolutely great.
• 12:47
  Samson Mao's going to be there. Lawrence Lapard's going to be
• 12:49
  there. Great, great panelists Are you
• 12:51
  guys are going to absolutely love it anyways, Opti, I'm going
• 12:53
  to pass it on to you brother. I love doing the show with you
• 12:56
  in in person, dude. It there adds a different
• 12:59
  dynamic to it as well. What are your thoughts on this?
• 13:02
  Not surprising. We've been covering this for
• 13:04
  years. Hong Kong, Europe.
• 13:06
  Europe is the surprising one, I'll say that.
• 13:09
  Yeah, 100%. I think that's the kind of big
• 13:11
  story here, considering that we all know the last couple of
• 13:14
  weeks where the EU stands in regards to Bitcoin.
• 13:17
  They've obviously been fighting it.
• 13:19
  We know Christine, the guard and the EU has been kind of doubling
• 13:21
  down on their CBDC. They know they're saying, hey,
• 13:23
  it's going to be out by October. And then now we have BlackRock
• 13:27
  being like, hey, you know, Chrissy, like.
• 13:30
  Take. Take a seat.
• 13:31
  We are. Are going to drop an ETF and
• 13:33
  it's going to be interesting to see if the European markets
• 13:36
  respond as favorably as they did in the US.
• 13:39
  Obviously we all know that it is the most or the most successful
• 13:43
  ETF launch I think ever in history.
• 13:45
  Though we have a good tweet by Eric Balkunis and you guys
• 13:48
  probably know Eric at this point.
• 13:50
  He's the senior ETF analyst for Bloomberg and he goes BlackRock
• 13:53
  is bringing their blockbuster hit.
• 13:55
  I bit to Europe. Liquidity plus low fee plus
• 13:58
  brand name equal powerful anywhere.
• 14:01
  Although Europe is largely immune to hot sauce type ETF.
• 14:04
  So it's going to be very interesting to see if the
• 14:06
  European markets do favor this ETFI don't know if there's going
• 14:10
  to be as successful as the USETF launch, but it is going to be
• 14:15
  interesting to see if the markets respond more favorably
• 14:18
  towards a Bitcoin ETF versus, you know, potentially a CBDC
• 14:22
  coming down in October. Obviously as bitcoiners like,
• 14:25
  you know, some paper Bitcoin, it's it's only really price
• 14:27
  exposure, so not something to get too.
• 14:30
  Excited about, but that does. Show that there will probably be
• 14:33
  more liquidity coming in from the EU markets and also this
• 14:36
  morning I saw BlackRock got like $100 million of Bitcoin from
• 14:40
  Coinbase prime custody so it looks like the people you know
• 14:44
  that are buying the ETF is they're continuing to buy the
• 14:46
  Bitcoin even when most people right now are probably afraid
• 14:50
  and selling their Bitcoin. BlackRock and its customers are
• 14:53
  continuously buying Bitcoin. So I'm going to be very
• 14:56
  interested to see what Europe does.
• 14:57
  And then moving forward. I found the tweet that I was
• 14:59
  showing and of course, we can't really verify this obviously,
• 15:03
  because who knows what's actually going on in China.
• 15:07
  But David Bailey doubling down and goes, I'm telling you this,
• 15:10
  China mainland is opening back up this year.
• 15:13
  And again now this is the clip of Hong Kong.
• 15:15
  Hong Kong ETF issuer says China is actively exploring a
• 15:18
  strategic Bitcoin reserve. Now we've all been talking about
• 15:21
  this since Trump got elected and since they kind of went down and
• 15:25
  more pro Bitcoin that whether you like Trump or you dislike
• 15:28
  Trump, the signal remains the same.
• 15:30
  Ever since they came out in our pro Bitcoin, the global nation
• 15:35
  state game theory is playing out and everyone has to have a
• 15:38
  Bitcoin strategy. We all know sailors been out
• 15:40
  there saying for, you know, months now you need to have a
• 15:43
  strategy, a Bitcoin strategy. And now whether they China goes
• 15:47
  back into Bitcoin or they just kind of remain the in Hong Kong,
• 15:53
  everyone has to have these conversations.
• 15:54
  So do we know for now, no, It does seem like speculation, but
• 15:57
  I think it's very clearly obvious that these conversations
• 16:01
  are happening. They have to reevaluate their
• 16:02
  Bitcoin stance now that the biggest, most powerful country
• 16:05
  in the world is embracing Bitcoin.
• 16:06
  So I'm going to be very interested to see if they still
• 16:09
  kind of fight Bitcoin in China. And it's going to be interesting
• 16:13
  to see what Europe does. You guys know, I've been kind of
• 16:16
  very bearish on the EU lately. So hopefully the European people
• 16:20
  themselves have some appetite for Bitcoin because we know that
• 16:23
  their leaders don't. So I'm going to be very
• 16:26
  interested to see how this ETF does on its launch, or rather
• 16:30
  the first week or month. But I don't know if it's going
• 16:33
  to be as as powerful as or as successful as the American ETF.
• 16:37
  But it is going to be interesting to just see what the
• 16:39
  markets think about this new launch in Europe and then of
• 16:42
  course, if we get some news coming out of China.
• 16:45
  Yeah, absolutely. I mean, nothing beats the
• 16:47
  American capital markets. I mean, the, the so much
• 16:50
  liquidity, they're so large, right?
• 16:52
  No other country comes close. So yeah, I doubt they'll be as
• 16:57
  as successful. It's impossible essentially for
• 16:59
  them to be as successful as the ETF launch, you know in the US,
• 17:03
  But again, from moving the Overton window perspective,
• 17:06
  definitely very positive. But one thing I I I want to note
• 17:09
  before we move on to the rest of the show and I do want to give a
• 17:11
  shout out to the live stream 1400 of you guys watching live
• 17:15
  between YouTube and X really appreciate it guys smash that
• 17:18
  like button. Of course shout out to the
• 17:20
  hardcore rumble audience, the most savage chat we have shout
• 17:24
  out to the rumble audience as well smash that like button if
• 17:27
  you guys are enjoying today's show.
• 17:28
  But one thing that I got to point out, Opti, I mean brother
• 17:33
  like brother, brother. I mean Coinbase is holding an F
• 17:38
  ton of Bitcoin dude. Like a sailor stash and
• 17:42
  BlackRock stash is in Brian Armstrong's night stand.
• 17:48
  Yeah. And it's night stand in a
• 17:49
  Ledger. I mean, look, I'm as bearish as
• 17:53
  everyone is in regards to Coinbase holding all of that
• 17:57
  Bitcoin. We all know it's a honeypot, but
• 17:59
  I just don't think that Brian Armstrong, as much as we would
• 18:03
  consider him an enemy of Bitcoin.
• 18:04
  I don't think he's really doing anything dumb in regards to that
• 18:07
  Bitcoin custody. Obviously there could be, you
• 18:10
  know, some things that are outside of his control.
• 18:12
  But I would argue and I think, you know, the just on the safe
• 18:15
  side that they are probably doing the best they can to
• 18:18
  secure all that Bitcoin because, look, their whole business is
• 18:20
  built around Bitcoin as much such as they show all these alt
• 18:24
  coins. I don't think he's going to do
• 18:26
  anything to necessarily rug the whole industry because that
• 18:29
  would essentially kill their cash cow.
• 18:32
  So, you know, as as bearish as I am on Coinbase and as, as you
• 18:36
  know, as big of an enemy as Brian Armstrong has been in the
• 18:39
  Bitcoin space for the, you know, the last very, you know, long,
• 18:43
  long amount of years, I think I'm pretty sure that secured
• 18:46
  Bitcoin. But again, it's a huge honeypot.
• 18:49
  I would like to see the coins get distributed in in other
• 18:52
  places. They they do hold a lot of coins
• 18:54
  like we. We can't deny that.
• 18:56
  Yeah, 100 percent, 100%. And again guys, it take self
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  custody of your Bitcoin. I can't emphasize that enough.
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• 22:19
  in, they aren't going anywhere. No risk of the plate breaking
• 22:24
  apart and your pieces falling everywhere.
• 22:27
  Titanium stamp seeds will survive nearly triple-A heat
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  produced by a house fire. They are also crush proof,
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  waterproof, non corrosive and most importantly because this is
• 22:38
  generational wealth time proof all things that paper is not
• 22:44
  allowing you to huddle your Bitcoin for the long haul I
• 22:48
  mean. Here is the plate that they.
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  Crushed, they put in water, they put a blowtorch to it and as you
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  can see, the words have survived.
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  All right, everybody. So you definitely, oh, sorry
• 23:14
  about that guys. You definitely don't want to put
• 23:17
  yourself in a position where you know you lose your generation of
• 23:21
  wealth because you didn't store your seed phrase properly.
• 23:24
  You definitely want to do it the correct way.
• 23:27
  You want to stamp your seed into titanium.
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  We recommend the stamp seed kit. The kit you only have to buy
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  once and then you can get as many plates as you want.
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  You literally stamp your seed into this plate of titanium.
• 23:39
  They put it in salt water for 24 hours.
• 23:42
  I think it was longer than that. And literally the day to survive
• 23:45
  they put a blowtorch to it. Like store your seed properly.
• 23:49
  Could you imagine that conversation with your
• 23:51
  grandchildren? I didn't you know I lost my
• 23:53
  Bitcoin because I wrote down my seed for it phrase on paper.
• 23:57
  Don't put yourself in that position.
• 23:58
  Store your Bitcoin the correct way.
• 24:00
  If you use promo code simply you get 15% off anything on the
• 24:04
  stampseed.com website. At the time of recording the
• 24:06
  Bitcoin price is $87,880. Block height 889,398 SAT's per
• 24:14
  dollar 1138 market cap 1.74 trillion Bitcoin verse gold
• 24:20
  market cap 8.24% Percentage issued 94.48% decline from all
• 24:26
  time high -19.5% realized monetary inflation.
• 24:31
  Look at that. Opti continues to go down,
• 24:33
  continues to embarrass fee currencies.
• 24:36
  Even if the dollar gets back to that mythical magical, they
• 24:40
  cannot explain why the inflation rate is 2%.
• 24:44
  Guess what? Bitcoin's inflation rate is
• 24:46
  still going down. Forever continues to prove that
• 24:49
  money can exist without inflation.
• 24:52
  Anyways, let's talk about the thing that's on everybody's
• 24:56
  mind. Here is a post by TFTC. 339 days
• 25:02
  after the halving, Bitcoin sits at $87,000.
• 25:07
  Compared to history, the 2024 cycle is still crawling.
• 25:12
  I mean, take a look at that picture.
• 25:14
  You cannot deny it. You cannot deny it, ladies and
• 25:17
  gentlemen. So, by the way, this light blue
• 25:20
  line is the 2021 bull market, the green line is the 2017 bull
• 25:28
  market, and the purple line is the 2012.
• 25:31
  Bitcoins market cap was so small back then that I mean like it.
• 25:35
  I, I wouldn't say that's a good comparison, but let's just say
• 25:39
  that the Bitcoin price performed like it did in 2021.
• 25:43
  We would already be right now at $400,000 per coin if it
• 25:49
  performed like it did in 2017. We would be a little bit shy of
• 25:54
  $2,000,000 per coin if it performed like it did in 2012.
• 25:59
  I, that's a not a fair comparison.
• 26:01
  We'd be at $6 million per coin. We're sitting here at 80,000.
• 26:08
  I mean, I got to say, is Bitcoin getting boring?
• 26:12
  Someone put it in the chat, sorry in the comments, ETFs
• 26:17
  removed volatility. We're getting all this bullish
• 26:20
  news. I posted this the other day on
• 26:23
  XI said this has been one of the most bullish cycles from a news
• 26:28
  perspective. We had the news of the strategic
• 26:31
  Bitcoin reserve. We defeated as a collective of
• 26:36
  Bitcoin voters a hostile administration in the United
• 26:40
  States in the previous election, SAB 1/21 was repealed.
• 26:45
  We got Ross Ulbricht freed, right?
• 26:48
  So much bullish news. But the prices, I mean like
• 26:56
  Bitcoin price after having's it was at 70,000.
• 27:01
  Now it's at 84,000. I'm not going to lie.
• 27:05
  Like I, I, I keep hearing from so many people like, oh dude,
• 27:10
  we're at 84 K, aren't you happy? Aren't that crazy?
• 27:13
  Nah, like I'm kind of used to, you know that.
• 27:18
  So, you know, I, I, I think that 2025 is going to be a great
• 27:22
  year, but I've been saying that for the most of the year.
• 27:28
  It's market cap is way bigger. It's definitely a lot harder for
• 27:31
  it to move at these prices cause the amount of the amount of
• 27:35
  money that needs to come into the space.
• 27:38
  But we could be having a delayed cycle.
• 27:41
  Some people are even speculating that cycles in general are over.
• 27:46
  People like Arthur Hayes, the founder of of Bitmex, he's had
• 27:53
  some thoughts and in regarding to essentially why bitcoins been
• 27:57
  so slow this current cycle. So this is the original tweet,
• 28:02
  but he corrected down below. I want to focus on that.
• 28:06
  What I mean is that the price is more likely to hit 110 K than 76
• 28:11
  K next, if we hit 110 K, then it's Yahtzee time and we ain't
• 28:16
  looking back until 250 Ki mean that would be very, very nice.
• 28:22
  But let's see, I'm, I'm going to I'm going to take the approach
• 28:26
  that a lot of people in the comments say.
• 28:28
  Nico, shut the F up. Let's just get back to 100K
• 28:31
  first, right? So that's where I'm at.
• 28:34
  I mean, not going to lie. Look it, it, it just doesn't
• 28:37
  look pretty. Now, to be fair, do you want to
• 28:45
  take it while I pull this up? Yeah, yeah.
• 28:48
  I mean, guys, like we've, we've been kind of saying and then
• 28:51
  obviously everyone's been yelling at us like I thought we
• 28:54
  weren't here for the price, bro. I, I saw someone say it in the
• 28:56
  comments the other day. It's like they always tell us to
• 28:58
  not worry about the price and then they're talking about the
• 29:01
  price right now. It's like guys.
• 29:02
  This is how you. Dr. adoption cycles is by the
• 29:05
  Bitcoin price going up like yes, you come for the money and then
• 29:08
  once you you figure out all the fundamentals and all the
• 29:11
  underlying you know technicals of Bitcoin is when you start to
• 29:15
  not care about the price. But if we are going into what we
• 29:19
  all believe to be the last leg up of this bull run or the blow
• 29:22
  off top of this bull run, this is a very disappointing cycle so
• 29:26
  far. And I know we still have time
• 29:28
  and people are saying just wait, give it some time.
• 29:30
  But you know, lining up to old cycles, it means that the
• 29:33
  Bitcoin price is going to have to start ripping for the next
• 29:36
  150 days. Like, I'm OK with that.
• 29:38
  That sounds like a lot of fun. But as of now, it is starting to
• 29:42
  feel like who was it on on that comment that just said it's like
• 29:46
  the ETFs and the institutions coming into Bitcoin.
• 29:50
  You think and by the way, shout out to the live stream guys.
• 29:52
  Help us break 200 likes. I forgot to tell you guys to
• 29:55
  smash the like button. Help us break 200 likes within
• 29:58
  the 1st 45 minutes of the show we're already at 150 likes.
• 30:02
  So smash that like button. We're on the verge of breaking
• 30:05
  700 live viewers on YouTube. Appreciate the support 2000 live
• 30:09
  viewers between YouTube and X and 75 of you guys watching live
• 30:14
  on Rumble. Appreciate and love the Rumble
• 30:17
  audience. Absolutely love you guys.
• 30:18
  Big, very, very bullet on the Rumble platform.
• 30:22
  They've been doing incredible work so far.
• 30:24
  Now to continue to what Opti was saying, like I hope, I hope it
• 30:30
  rips up because if if you look at the alignment, ladies and
• 30:33
  gentlemen, and there's a reason we're talking about this, right,
• 30:36
  like 2021 already made a tie, right?
• 30:40
  Like if we were in 20, if, if, if Bitcoin performed like it did
• 30:42
  in 2021, it already would have peaked.
• 30:44
  We already peaked right in 2017. It took till the end of the year
• 30:49
  and it seems like 2013 did something very similar.
• 30:53
  So I mean, did we peak at one O 9?
• 30:56
  I mean, like that's the question.
• 30:58
  Did we peak at one O 9? And why are we talking about
• 31:00
  this guys? The biggest converter of people
• 31:05
  believing into Bitcoin and the adoption of Bitcoin is number go
• 31:11
  up, right? And the reality is, is that if
• 31:15
  you look at Bitcoin, can you take it while I pull this up?
• 31:21
  Yeah, yeah. Look like, like we've been
• 31:23
  saying as of now, this cycle is a bit disappointing.
• 31:27
  And I think This is why you're seeing a lot of people on
• 31:30
  Twitter kind of feel the same vibe.
• 31:31
  I think a lot of us bit corners are kind of burnt out because.
• 31:35
  Cycle Theory. It might be broken now, and
• 31:38
  we've been talking about this for a while.
• 31:39
  We've been speculating on this for the last couple of months.
• 31:42
  The last couple of weeks is like, is cycle theory over?
• 31:45
  I don't know if it's necessarily over, but I do like the theory
• 31:48
  that cycle theory may be over, but that just means we're going
• 31:50
  to get an exaggerated pump. So it's not going to end 2025,
• 31:54
  it's going to go into 2026. And if that's the case, then
• 31:57
  we're not going to have a bull market in 2026.
• 32:00
  I honestly would take that if it's a slow grind up like I I
• 32:03
  think that would be a lot more fun than just kind of, you know,
• 32:07
  a pump and then another bear market considering.
• 32:09
  That we have some of the, you know, richest people, some of
• 32:12
  the most influential asset managers, some of the biggest
• 32:14
  nations starting to get into Bitcoin.
• 32:16
  And it would be feel really good if the Bitcoin price didn't go
• 32:20
  80% down in 2026. Now moving forward a a little
• 32:23
  bit though, it is interesting to see that these cycles are
• 32:26
  changing and remember the last, the last run up, what was it
• 32:30
  last year whatever where we had, yeah, it was last year where we
• 32:33
  had a all time high before the halving that never happened
• 32:36
  before. And the time before we had the
• 32:40
  bear market go below the all time high, which never happened
• 32:43
  before. And now it seems like we might
• 32:45
  be seeing something similar where something that's never
• 32:48
  happened before plays out. And yes, it might feel a little
• 32:51
  disappointing to us, but I think this is I like I'm starting to
• 32:54
  lean towards we might get a prolonged bull market in the
• 32:57
  2026. Obviously, we won't know.
• 32:59
  I, I'm, I'm going to hold, hold my judgement for the next 150
• 33:03
  days. With the news, with the news
• 33:05
  that's been breaking, I'm telling you guys like there,
• 33:09
  there's no way. There's just no way.
• 33:11
  And again, like manipulation or is it suppression?
• 33:16
  It doesn't make sense with the amount of Bitcoin that's being
• 33:19
  bought, it doesn't make sense and I'll show you guys.
• 33:22
  Everyone in the chat saying price suppression so they can
• 33:25
  buy. I'm, I'm showing, I'm showing
• 33:27
  this, this, this chart might be a little bit depressing, but
• 33:31
  this is Bitcoin priced in gold, right?
• 33:34
  So if Bitcoin priced in gold, it actually hasn't made an all time
• 33:39
  high since 2021. We've been going sideways.
• 33:44
  If you price Bitcoin in gold, we haven't made an all time high or
• 33:48
  barely just broke an all time high since 2021.
• 33:53
  If you price Bitcoin in gold. I mean, yeah, yeah.
• 33:57
  I, I, I don't know. I don't know what to tell you
• 33:59
  there. So it is what it is.
• 34:03
  I think the ETFs getting involved, governments getting
• 34:06
  involved. I mean, Nigel Lowrey in the chat
• 34:10
  says need a 80% dump in 2026 to show the institutional Wall
• 34:14
  Street news how it is. Yeah.
• 34:16
  I mean, you know, this is just a new new era in bitcoins history.
• 34:21
  It might just be getting, you know, institutional.
• 34:23
  Ah man, can you? Wrap it up honestly, like before
• 34:28
  we go to the next segment. We, we were.
• 34:30
  Kind of joking about that last night with Jacob Nika.
• 34:33
  Nika dropped off Dante and Ruston and me and Jacob were
• 34:36
  sitting there and we were wondering, it's like, man, if
• 34:38
  Bitcoin becomes boring, like, what are we going to do with
• 34:41
  ourselves? I'm like, I'm unemployable at
• 34:43
  this point. Like, what am I going to do if
• 34:45
  Bitcoin isn't fun anymore? I don't know, man, Just go flip
• 34:48
  some patties. Are we all going to really start
• 34:51
  working at McDonald's if this stuff doesn't start pumping like
• 34:53
  we think it would? It honestly, I hate to just be
• 34:57
  like the number go up Bitcoiner guy, but could we just get a
• 35:00
  little bit of number go up a little bit, just a little bit,
• 35:08
  but. Guys, smash the like button.
• 35:12
  We're on the verge of breaking 200 likes.
• 35:14
  We're at 180 likes and we just broke 700 live viewers on
• 35:18
  YouTube. Really appreciate the support
• 35:20
  guys. We absolutely love you guys.
• 35:21
  We wouldn't be here without you. Anyhow, before we move on to the
• 35:25
  next segment, I do want to give a shout out to the newly
• 35:29
  released simply Bitcoin merch. Get yours while supplies last.
• 35:35
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• 35:38
  It's incredibly comfy guys, It's just such high material.
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  It's absolutely awesome. Get buy Bitcoin first, That's
• 35:50
  number one and how does anybody manipulate suppression?
• 35:54
  I mean, so that's a really good question in the chat we got from
• 35:58
  Russell. So I had Larry Lepard and
• 36:02
  Caitlin Long on simply Bitcoin a couple years ago and essentially
• 36:11
  Larry and Caitlin had the fear about paper Bitcoin and
• 36:18
  rehypothecated Bitcoin. So what I mean by that, like
• 36:21
  when you hear like when you see Coinbase holding millions of
• 36:31
  Bitcoin and none of those institutions or companies are
• 36:36
  taking that Bitcoin into self custody.
• 36:39
  It's a trust me bro type of situation.
• 36:43
  And technically we saw this with FTXI mean, I'm not saying
• 36:47
  Coinbase is doing the same thing, but they could be selling
• 36:51
  Bitcoin. They could be selling Bitcoin
• 36:53
  that's not really there. And because you're not taking
• 36:56
  self custody, like how are you going to verify that?
• 37:00
  The only way that I know that I, I have Bitcoin is because I, I
• 37:03
  take it into self custody. I know it's mine.
• 37:05
  I run my own note, right? But if you are buying these
• 37:10
  ETFs, right, it's a, it's a, it's a trust me, bro,
• 37:13
  essentially like trust me, bro. We have the coin, right?
• 37:16
  So yeah, I mean, it's a troubling trend.
• 37:20
  Now the good news is the good news is guys, yellow is always
• 37:28
  distracting. Do I have yellow on the
• 37:29
  soundboard? No, I don't my lacock.
• 37:32
  So anyhow, I do want to give a shout out to the I do want to
• 37:37
  give a shout out to the new simply Bitcoin merch guys get it
• 37:40
  while supplies last it's been flying off the shelves again
• 37:44
  really really helps support the show buy Bitcoin first, of
• 37:47
  course, but if you guys want to support the show, check out the
• 37:50
  simply Bitcoin merch. The hoodie is incredibly comfy.
• 37:54
  The Bitcoin saves cream tea. Love it.
• 37:57
  And what I'm wearing right now is the black, the simply
• 37:59
  alternative black T-shirt. We've already sold out of some
• 38:03
  hats, so get yours while supplies last Again, we've been
• 38:06
  making sales every single day and really, really appreciate
• 38:10
  your support guys. It really means the world to us
• 38:13
  and it helps keep the lights on. Believe it or not, simply
• 38:16
  Bitcoin. There's a lot of us here and
• 38:19
  yeah, we do this for a living. So anyway, guys, we're going to
• 38:22
  move on to the new segment. We have tons to talk about.
• 38:26
  We're going to be talking about the IMF.
• 38:28
  Apparently they've changed their stance on Bitcoin, according to
• 38:32
  Max Keiser. We have a clarification from
• 38:35
  Dennis Porter and I actually read through their documents and
• 38:41
  we are making progress because they are admitting to things,
• 38:45
  right? Whether they're doing that on
• 38:47
  purpose or not, they are admitting to things.
• 38:49
  Four years ago, they were not admitting to things.
• 38:51
  They were like, you know, an ostrich with his head in the
• 38:54
  sand. So anyhow, it's going to be a
• 38:56
  great show. And then during the culture
• 38:58
  segment, we're going to be talking about mining Disrupt.
• 39:00
  We're going to be talking about here, all of us, the entire
• 39:03
  simply Bitcoin crew for the first time in the flesh hanging
• 39:06
  out in Fort Lauderdale. That's been quite interesting to
• 39:10
  say the least. Maybe we get Dante and Rustin.
• 39:13
  Maybe we get them in the into the live stream.
• 39:15
  That'd be pretty cool right now. Yeah, Yeah, maybe we do that
• 39:18
  during the culture segment. We'll, we'll, we'll figure it
• 39:20
  out. No, we'll still during the
• 39:21
  culture segment. So it's going to be a great
• 39:22
  show, ladies and gentlemen. So stay tuned.
• 39:24
  Again, smash the like button instead of sharing the video
• 39:27
  really, really helps. And again, like I said, quick
• 39:29
  reminder for everybody, we will be live streaming Mining Disrupt
• 39:34
  tomorrow and on Thursday. So there will be no show, but we
• 39:38
  will be back on Friday with a vengeance.
• 39:40
  Anyways, guys, we're going to hit the news.
• 39:42
  We will be right back. I want to give a shout out to
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• 42:16
  All right, everybody, we are back in the house and we got a,
• 42:21
  we got a star. We got a star joining us.
• 42:24
  Hey, what's popping in here? What do you guys up to?
• 42:28
  What do you guys do? There we go.
• 42:32
  All right, this is a family show up.
• 42:33
  Dude, we can't be doing this. Oh, man.
• 42:38
  Well, if you want to join us, Russ, and pull up a chair, you
• 42:41
  could you could just squat in the middle.
• 42:43
  Guys, ever been to Florida? It's a distant land full of
• 42:46
  prehistoric creatures. We wrestled an alligator two
• 42:49
  hours ago just to just to film the show in the backyard.
• 42:56
  It's true. It's crazy.
• 42:57
  All right, everybody, we're going to get to today's news.
• 43:00
  Appreciate it, Rustin. So anyhow, we're going to be
• 43:04
  talking about the IMF. So Max Keiser posted this.
• 43:10
  Rustin get a chair from delivery.
• 43:13
  So we're going to be talking about this.
• 43:14
  The IMF has just recognized Bitcoin as de facto digital
• 43:20
  gold. Sources confirm the IMF is
• 43:23
  adding Bitcoin to their own reserves and will soon include
• 43:27
  Bitcoin in their SDR basket slash index as well.
• 43:32
  So this was not confirmed. Ruston in the house joining us,
• 43:39
  joining us live on stream. We're doing this live.
• 43:41
  We're doing this live and Dennis Porter actually followed up, did
• 43:47
  a little bit of research regarding the IMF news here.
• 43:50
  Let's let's do some we're going to do some shenanigans.
• 43:54
  We're going to do some. Look at that.
• 43:56
  Look at that boom, boom, bom making it work live.
• 43:59
  Anyhow, so Dennis Porter did a little bit of research on the
• 44:04
  what Max Keiser's claims were. OK, I've tracked why people are
• 44:07
  claiming the IMF said Bitcoin is digital gold.
• 44:10
  Quote new digital assets designed to be used as a means
• 44:14
  of payment or act as a store of value.
• 44:16
  This is a massive stretch to jump to IMF says Bitcoin is
• 44:20
  digital gold. The key phrase is designed to be
• 44:24
  a good sign that the IMF is recognizing this, but definitely
• 44:28
  not an endorsement of Bitcoin as digital gold.
• 44:32
  Now, what's really interesting is I did go through some of the
• 44:37
  report, and this is the part that I found the most
• 44:39
  interesting. So they're defining terms here
• 44:43
  like merger, merchanting, medium of exchange, means of payment.
• 44:48
  And maybe this was a Freudian slip, refers to the instrument
• 44:52
  used to make the payment, such as cash, a check, debit card,
• 44:57
  stable coins, or crypto assets without corresponding liability
• 45:01
  parentheses, Bitcoin. So again, in their own
• 45:04
  definitions, they're admitting to something.
• 45:07
  So does that mean that they're equating it to digital gold?
• 45:10
  No, but they are admitting to it when they're defining what a
• 45:15
  means of payment is, right? So anyhow, I'm going to just
• 45:19
  open it up. I know that Ruston absolutely
• 45:22
  loves the IMF. Ruston, any thoughts, opinions?
• 45:27
  We're doing this. We're doing this live.
• 45:29
  We are we're going to be taking taking the jackals and three
• 45:33
  piece suits to the woodshed today.
• 45:36
  But what it looks like here is metaphorically crypto assets
• 45:41
  like Bitcoin are recorded as non produced, non financial assets.
• 45:46
  So they're looked at as property.
• 45:48
  So even though it's even though it's not looked at as money,
• 45:51
  they could still, you could still loosely say they didn't
• 45:54
  say Bitcoin is digital gold, but like it maybe like a sovereign
• 46:00
  form of collateral in a way, because it's that under the
• 46:04
  bearer asset. But they're coming around and
• 46:06
  they have to because the US forced their hand.
• 46:09
  OK, Max sees it now. It's like, OK, orange man says
• 46:14
  Bitcoin good now GFY or you just don't exist anymore.
• 46:19
  So they're going to be buying Bitcoin soon, put it down maybe
• 46:22
  two months from now. IMF stack and sash.
• 46:25
  And then they can cry harder later.
• 46:29
  Guys, go check out simply Bitcoin originals with Ruston.
• 46:32
  No one delivers it like Ruston. I mean, Dante and Ruston, man,
• 46:36
  what? What a team.
• 46:37
  Anyways, he's got a big one coming today.
• 46:39
  You guys are going to love that. You guys are going to and
• 46:41
  Ruston's wrestling and alligator in the background.
• 46:44
  It's absolutely crazy. Anyways, Opti, what are your
• 46:48
  thoughts on this? Man, I know that you're a huge
• 46:50
  fan of the IMF. So Christine Lagarde used to be
• 46:52
  the head, and you guys have a dating history?
• 46:55
  Yeah, well, I try to do a reverse economic henchman hitman
• 46:59
  on Christy Lagarde. It didn't work out so well.
• 47:01
  I I just made her matter and now she doesn't like Bitcoin.
• 47:05
  Now seriously, I, I think I think this is very interesting
• 47:08
  news considering what we were covering about what 2 weeks ago
• 47:11
  when El Salvador essentially, you know, for all intents and
• 47:15
  purposes, had to like bend the knee to Bitcoin.
• 47:18
  At least that was like the popular take here.
• 47:20
  The IMF forced them to kind of write off the Bitcoin legal
• 47:23
  tender law so that they can get their loan.
• 47:25
  And then following two weeks later, they drop a report and
• 47:28
  they're basically saying what we've all been saying for a long
• 47:31
  time, that Bitcoin is a store of value, it's a means of payment.
• 47:34
  And now maybe they dropped this not thinking anyone would really
• 47:37
  read through this whole thing. And you know, Bitcoin Twitter
• 47:40
  and Bitcoiners are just all over it.
• 47:42
  And it's like, wait, did the IMF just basically say the quiet
• 47:46
  part out loud? And Bitcoin is a means of
• 47:48
  payment, It is a store of value. So I think the timing is very
• 47:51
  interesting considering that they essentially told El
• 47:54
  Salvador, hey, kick out your Bitcoin law, we'll give you this
• 47:56
  loan. And then two weeks later,
• 47:58
  they're like, you know what actually like Bitcoin or what,
• 48:00
  what do they say cryptos or with no liabilities or whatever that
• 48:05
  that phrasing was. And then EG Bitcoin like they
• 48:08
  are, they're saying what we've been saying for a long time and
• 48:12
  now. It is.
• 48:14
  Now, I'm sorry, I'm distracted by the chat.
• 48:17
  And now two weeks later they are essentially saying, hey,
• 48:20
  actually, you know, we kind of do recognize Bitcoin.
• 48:23
  We realize that it is kind of catching on.
• 48:25
  It is a new phenomenon. So it is interesting the timing
• 48:28
  because hey, I I don't know the exact and someone can Fact Check
• 48:31
  me right now. Someone can Fact Check me right
• 48:33
  now. But the timing of that loan I
• 48:36
  think was happening before Trump was, you know, fully an
• 48:39
  offensive and announcing a strategic Bitcoin reserve.
• 48:42
  So. Maybe they didn't think Trump
• 48:44
  was going to. Win and or really double down on
• 48:46
  their Bitcoin stance and now as we're seeing everyone has to
• 48:50
  kind of adjust their their kind of takes around Bitcoin because
• 48:54
  it seems like this is a huge priority for them.
• 48:56
  So hey, the IMF does seem to be bending the knee and we'll see
• 49:00
  how this plays out. But I, I just find the timing
• 49:02
  very interesting considering the El Salvador news with IMF.
• 49:05
  And now I think it's a month later, they're like, actually,
• 49:08
  we're going to drop a report. And you know, Bitcoin is a means
• 49:11
  of payment. 1,000,000% Let's see, let's see, I mean this,
• 49:16
  this isn't this is a this was a concession and admitting to
• 49:23
  something that I don't think they wanted to admit to, but
• 49:26
  they just, they just had no choice that that that was the
• 49:29
  reality to it. So, and anyhow, and look, guys,
• 49:33
  you have to understand something as well with the, there was a
• 49:36
  silver lining with the, there was a silver lining with the IMF
• 49:41
  coming out and basically saying, Hey, El Salvador, you don't have
• 49:46
  a right to, you don't have a right to, you know, buy Bitcoin,
• 49:51
  even though you're a sovereign country and your leader was
• 49:53
  democratically elected. They, they showed their cards,
• 49:57
  right. They showed what they're really
• 49:59
  about. And essentially that was a
• 50:02
  message to the world that anyone who has any type of dealings
• 50:07
  with the IMF, if you're one of the 94 countries that has a loan
• 50:10
  with the IMF, the IMF just said, hey, you can't buy Bitcoin.
• 50:16
  One of the interesting things too was the news coming out of
• 50:19
  South Korea, right? South Korea said, listen, we're
• 50:22
  not doing a, a, a, a strategic Bitcoin reserve.
• 50:26
  Because if you look at what the IMF is saying regarding Bitcoin,
• 50:31
  like they're not a big fan of it, right?
• 50:33
  So I'm telling you the biggest hindrance for global Bitcoin
• 50:37
  adoption, at least on the nation state level, is the IMF.
• 50:40
  You guys want to know why there was no other country that made
• 50:43
  Bitcoin legal tender after El Salvador did in 2021?
• 50:47
  You want to know why that momentum just stopped?
• 50:49
  It was the the IMF. They, they, they, they're
• 50:51
  working behind the scenes. The reason they got away with El
• 50:55
  Salvador, the reason that I El Salvador got away with the
• 50:57
  Bitcoin legal tender law was because they were caught by
• 51:00
  surprise. After that, they doubled down.
• 51:02
  I mean, look at the amount of effort they made to essentially
• 51:07
  getting El Salvador to reverse its decision on making Bitcoin
• 51:12
  legal tender. This is a country with AGDP of
• 51:15
  $32 billion. Why are they so worried?
• 51:18
  Well, I think the reason is simple.
• 51:21
  Bitcoin proves that money can exist without inflation, full
• 51:26
  stop. And they're the one of the
• 51:28
  biggest revenue and one of the biggest forms of revenue that
• 51:31
  that governments have that the state has is being able to
• 51:35
  create it's own money. And what is the unintended
• 51:38
  consequence of that? The unintended consequences that
• 51:40
  they print money and that causes inflation.
• 51:43
  Bitcoin proves that that system is no longer necessary.
• 51:48
  And the the more it continues to survive and thrive and get
• 51:51
  adopted, it is what it is. More, more Russians fans than
• 51:55
  the rest. Man, I can't wait.
• 51:58
  What happens when we bring Dante on the show?
• 52:00
  Bro? That's going to be a wild Oh
• 52:03
  man, change it to simply Russ and and he just beat you guys.
• 52:11
  All right, guys, well, it's going to be a great show.
• 52:13
  Just broke 700 again, live viewers across just YouTube
• 52:17
  alone and 2300 live viewers across YouTube and X and shout
• 52:22
  out to the rumble audience. 80 of you guys watching live on
• 52:25
  rumble smash. It's the IMF.
• 52:29
  They have to operate and use Syria debt based system Bitcoin.
• 52:34
  It just doesn't cooperate or or operate with that.
• 52:37
  OK, so think about it like this. He who holds the bearer
• 52:40
  instrument makes the laws. He who holds it is the bank.
• 52:46
  If America holds the Bitcoin, the IMF comes to us for fucking
• 52:51
  money. That's how it works at the end
• 52:53
  of the day. He who holds the Bitcoin rights,
• 52:55
  the laws, we were talking about Max.
• 52:57
  He told us this a long time ago, and it's happening in real.
• 53:00
  Time. It's crazy.
• 53:05
  All right, guys, it's going to be a great show.
• 53:07
  We're going to hit the culture segment.
• 53:08
  We're going to be talking to Russ and we're trying to get,
• 53:10
  let me see if Dante's back. We're going to try to get Dante
• 53:14
  on the show and we're going to be talking about Mining Disrupt
• 53:16
  because we're going to be there. And also I think the next two
• 53:19
  weeks, the Simply crew is going to be together, going to be at
• 53:22
  the Bit Block Boom conference coming up in Dallas, TX next
• 53:27
  week. It's going to be absolutely
• 53:28
  awesome. You guys are going to stay
• 53:29
  tuned, Smash that like button and see how many likes we're
• 53:31
  out. Right now we're at 255 likes.
• 53:34
  Help us break 300 likes within by the time the show ends, the
• 53:39
  Smash that like button guys, we will be right back.
• 53:43
  We are going to hit the culture segment.
• 53:45
  We have tons to talk about. Let's check it out.
• 53:47
  Here we go. I want to give a shout out to
• 53:50
  our partner Hive Digital Technologies.
• 53:53
  As the first ever public miner, Hive's position to quadruple
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  their global footprint in 2025 and as the first with an AI
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  performance computing. They consistently topped the
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• 54:41
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  All right, everybody, so I want to show you guys the cold card
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  It's fucking bad ass. It's see through.
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  You can get in any color you'd like scan the QR code right
• 56:23
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• 56:34
  So you guys definitely want to check that out anyways, guys,
• 56:39
  the simply crew will be hanging out.
• 56:41
  We'll be together in person for the next two weeks.
• 56:43
  We're going to be hitting the mining disrupt conference
• 56:45
  tomorrow. It's going to be great.
• 56:47
  We're going to be setting up at the venue later today and then
• 56:50
  we're going to be hitting bit block boom next week, which is
• 56:55
  going to be awesome. I do want to talk about the
• 57:00
  difference of working in person because, you know, simply
• 57:03
  Bitcoin is a remote company. You know, we all live in very
• 57:07
  different places, very far away from each other, but there's
• 57:11
  something very special about doing things in person and going
• 57:14
  to these events. If you guys haven't gone to a
• 57:16
  Bitcoin conference, definitely make the journey, make make the
• 57:20
  track. It's super effing worth it.
• 57:24
  There's something about the in person experience that, you
• 57:30
  know, a, you know, over the Internet, it just doesn't match
• 57:35
  it. And that's something that, you
• 57:37
  know, me and Opti decided to partner up together to do to
• 57:40
  take the show live, you know, because we met each other in
• 57:44
  person at Bitlock Boom. And this is the first time that
• 57:48
  we're all like working together within the same, you know, house
• 57:52
  or what not. And it's day one.
• 57:54
  It's been absolutely awesome. You know, it's been great.
• 57:57
  So yeah, man, just want to talk about that and just talk about
• 58:00
  the next couple events. I'm going to pass it on to Russ.
• 58:03
  And I think Russ and this is like, I think we've worked
• 58:05
  together in in person before in the flash, but I don't think
• 58:09
  you've ever joined the show live.
• 58:12
  This is awesome, man. Like in person, other than being
• 58:15
  on the new news desk, you know, when we were at events, but not
• 58:18
  like this. So this is, yeah, like you were
• 58:21
  talking about, there's like a whether at the conference or
• 58:24
  when we're together, it's like a aura just feels good because
• 58:28
  you're around people that really understand you, that know what
• 58:32
  you're all about. They're all on the same mission,
• 58:36
  kind of kind of have the same principles and values.
• 58:38
  So that that really just gives it a different vibe than
• 58:45
  anything else. It'd be like, I don't know,
• 58:48
  maybe if you're going to your your favorite teams game like
• 58:51
  it's the Broncos and there's a sea of orange walking in and you
• 58:55
  get that sense of like being in the locker room or another
• 59:00
  camaraderie that it's, it's a lot like that People are
• 59:03
  awesome. You're going to make friends
• 59:07
  from all over the place. You never thought you would.
• 59:09
  We got a lot of Canucks and Canadian brothers that we love.
• 59:12
  It's simply and we love to catch whenever we're there or at these
• 59:16
  events. And then that'll be The thing is
• 59:18
  you'll have opportunities in the future events to get to see one
• 59:21
  another. I know I got a few friends
• 59:24
  every, every time we go to one of these, I'm hoping they're
• 59:26
  there so we can just even though we're, we're on Twitter doing
• 59:29
  these things, nothing like meeting in real life and sharing
• 59:34
  those experiences or whatever else is going on at that time in
• 59:41
  Bitcoin, you also remember that as well.
• 59:43
  So yeah, nothing like it. And this, especially with this
• 59:47
  new, new team, this is like the full team together here with
• 59:50
  Dante and we've got producer Jacob in the house.
• 59:54
  So yeah, Texas is going to be awesome.
• 59:58
  That's that's Opti stomping grounds.
• 1:00:00
  So that'll be fun. That'll be fun.
• 1:00:03
  Yeah, 100%. I mean, Opti, how has it been,
• 1:00:06
  dude? I mean, should we, should we
• 1:00:08
  make the announcement of are we making an announcement of an
• 1:00:11
  announcement? Not yet, Not yet.
• 1:00:13
  Let's make it official. We'll we'll make it official.
• 1:00:15
  That's right. That's right.
• 1:00:17
  So, yeah, I mean, Opti, how's it been?
• 1:00:19
  It's been cool. We the first first day we had we
• 1:00:23
  ate like serving. Not enough steak, but a lot of
• 1:00:26
  steak. We do.
• 1:00:28
  We had so much steak we could have had more.
• 1:00:30
  And that Japanese BBQ sauce. Like new sponsor, Whatever that
• 1:00:34
  Japanese BBQ sauce is is delicious.
• 1:00:37
  No, like seriously, it's been super cool.
• 1:00:39
  I like, I, me and Nico were saying this last night, you
• 1:00:42
  know, we started this company, we've been all remote and this
• 1:00:45
  is the first time that we've all been in the same house making
• 1:00:49
  content. It's super cool hanging out with
• 1:00:51
  Dante. I don't know where Dante is, but
• 1:00:52
  he was recording here this morning.
• 1:00:54
  Nico and I are prepping for the show.
• 1:00:56
  Ruston's basically doing the, the visual audio visual stuff,
• 1:01:00
  sitting there messing with the camera so we can get some cool
• 1:01:02
  views for you guys fresh from Miami.
• 1:01:05
  So it's been super fun. I, I love the vibe of just
• 1:01:08
  having us all in the same room. You know, Jacobs on the couch,
• 1:01:10
  Ouch, just telling us what to do, you know, like, so it's been
• 1:01:13
  super cool just having us all in the same place.
• 1:01:16
  You can feel the buzz when we're all chilling in in the house,
• 1:01:19
  like making content, making simply Bitcoin work versus and I
• 1:01:22
  think Dante even said it best last night.
• 1:01:24
  He's like it's or actually it was this morning.
• 1:01:26
  He's like, man, it's so cool, like having us all in the same
• 1:01:29
  room, making the content together because it just feels
• 1:01:32
  different than when you're at home on your computer making
• 1:01:34
  content by yourself. We're all just spitballing
• 1:01:37
  ideas. So it's been a it's been a cool
• 1:01:39
  first day. I'm I'm not so excited to go set
• 1:01:43
  up right now, but I think the setup is almost done.
• 1:01:45
  So it shouldn't be too bad. But every time we do a setup it
• 1:01:48
  there's always some kind of troubleshooting and I just hope
• 1:01:50
  we don't have to sit there till like 10:00 like we did last
• 1:01:53
  year. But I I think we're better this
• 1:01:55
  time. So the show should be great for
• 1:01:57
  you guys. Minding disrupt is going to be
• 1:01:59
  all day tomorrow, all day Thursday and we'll be back
• 1:02:03
  Friday for you guys. And then next week is a bit
• 1:02:06
  block boom. So hopefully you guys get the
• 1:02:08
  Texas. And hopefully we survive.
• 1:02:10
  I mean, we've done conferences before, but never back-to-back
• 1:02:14
  like this, which has been it's been someone's that's funny,
• 1:02:20
  Opti's Bitcoin BBQ sauce, but it's, it's, it's someone in the
• 1:02:25
  chat DMR. But how do you guys make money?
• 1:02:28
  I mean, guys like we are 100% supported by our our our
• 1:02:33
  partners. So if you guys want to support
• 1:02:35
  simply Bitcoin. So go use their products.
• 1:02:38
  Go. Use their products so and of
• 1:02:42
  course, if you guys want to buy our merch.
• 1:02:44
  But yeah, I mean, this has been absolutely incredible this
• 1:02:46
  journey, this ride, you know, Opti somehow, you know, we were
• 1:02:52
  so effing naive, dude. Wait, do we tell that story?
• 1:02:56
  Do we tell that story? I mean, we we might as well.
• 1:02:58
  And then of course, Ruston too, joining and, you know, just
• 1:03:03
  hitting it hard with the originals and then, you know,
• 1:03:06
  Dante and and Jacob joining in later, later down the road.
• 1:03:10
  And it's just been absolutely incredible.
• 1:03:12
  And of course, viewership, man, like it.
• 1:03:15
  We wouldn't be here without you guys.
• 1:03:18
  If we yeah, yeah, I want to say a special message to all the
• 1:03:21
  haters that come to the chat and troll us.
• 1:03:24
  Without you, we wouldn't be here.
• 1:03:26
  But there's a comment. Let's can you go back to the
• 1:03:27
  YouTube? Someone said when does the show
• 1:03:30
  start tomorrow. So we were looking at the
• 1:03:31
  schedule. I think it said 8:00 to 8:35.
• 1:03:35
  So we will have to figure out exactly, but it's going to be
• 1:03:39
  all day bright and early and I'm sure we'll start it a little
• 1:03:43
  before mining disrupts start. So plan on it between 8835
• 1:03:48
  Eastern Time. So that's 7 what no Eastern, so
• 1:03:52
  6630 West Coast time it it's going to be going all day, guys.
• 1:03:57
  So we still have to kind of verify exactly when the time
• 1:04:00
  starts. But from what we saw on the
• 1:04:02
  schedule, we're going to be there bright and early.
• 1:04:04
  So 8835 expect us to be live. We'll be getting you the content
• 1:04:08
  all day. We got our boy Murph setting up
• 1:04:10
  all the cameras. It's going to look incredible
• 1:04:12
  for you guys. So again, you know, pop in
• 1:04:16
  early, go get lunch, come back. It's going to be going all day
• 1:04:20
  long. So mining Disrupt tomorrow.
• 1:04:22
  If you are wondering about the mining industry, a bunch of
• 1:04:25
  different stuff, go check it out.
• 1:04:27
  It's going to be great. Nico's got a panel, should be
• 1:04:29
  fun. On that note, I don't know Nico
• 1:04:32
  Ruston. Yeah, I mean, yeah, so I got AI
• 1:04:37
  got a actually, I think I'm going to I'm starting the the
• 1:04:40
  opening, then mining in in your mom's basement.
• 1:04:46
  I'm going to be moderating that panel, which is going to be a
• 1:04:47
  lot of fun. Wait, I thought you I thought
• 1:04:49
  you were just talking shit to the and then no, that's
• 1:04:53
  literally the name of the panel. And then I'm looking forward to
• 1:04:56
  that. And then I'm going to be doing a
• 1:04:58
  fireside chat with Luke Dash Junior, which I'm incredibly
• 1:05:04
  excited for. So Larry Leopard is going to be
• 1:05:07
  there. Samson Mao is going to be there.
• 1:05:09
  It's going to be a great lots of signal tomorrow.
• 1:05:12
  So guys, TuneIn, I think it starts at, I was taking a look
• 1:05:16
  at the calendar at 8:35. So we'll probably start the
• 1:05:19
  stream at like 8:20. So you guys could just, you
• 1:05:22
  know, start piling in. But yeah, tune into Mining
• 1:05:25
  Disrupt day one tomorrow live here in Fort Lauderdale, FL and
• 1:05:32
  it's going to be going on to like 5:00 or 6:00 PM.
• 1:05:34
  So it's going to be absolutely effing honkers.
• 1:05:39
  I I can't emphasize that enough, but any any anyways.
• 1:05:42
  Wait, wait, wait before you go Nico, before you sign us out,
• 1:05:46
  the chat is saying we got to get a send it from Rustin, so queue
• 1:05:50
  it up Rustin. Mighty disrupt 2025 send it all
• 1:05:59
  right love you guys. If you guys enjoyed today's show
• 1:06:01
  smash that like button really really helps with the algos.
• 1:06:04
  We're I'm not going to close this out till we hit 300 likes.
• 1:06:07
  So we're at 296 smash that like button, 647 of you guys watching
• 1:06:12
  live on YouTube, 71 of you guys watching live on Rumble.
• 1:06:15
  Just smash that like button. Really, really helps with the
• 1:06:18
  algos. Just smash, smash the like
• 1:06:20
  button, smash the like button. But yeah, it's going to be a
• 1:06:22
  great time. Incredibly excited for these
• 1:06:24
  next two weeks and I hope to see you guys.
• 1:06:26
  I hope to see you guys in person.
• 1:06:28
  So if you guys see us, you know, feel free to come up to us at
• 1:06:32
  mining Disrupt or a bit block boom.
• 1:06:34
  That's the whole point of these conferences.
• 1:06:37
  You know, you could say hi with us, whatever you want, Just just
• 1:06:40
  approach and spark up a conversation.
• 1:06:43
  Anyhow, all right guys, wait. Two more, two more.
• 1:06:46
  There we go. There we go.
• 1:06:47
  We did. That did we did we break it did
• 1:06:50
  we break it boom three O 50 very very symbolic all right
• 1:06:54
  everybody love you all have an amazing week.
• 1:06:57
  Like I said we will the assembly Bitcoin live will be back on
• 1:07:02
  Friday. We will be live streaming Mining
• 1:07:04
  Disrupt tomorrow, on Wednesday and on Thursday, so March 26th,
• 1:07:10
  Mining Disrupt day one, March 27th, Mining Disrupt Day 2, and
• 1:07:15
  then simply Bitcoin Live will be back on Friday.
• 1:07:18
  And in the meantime, Ruston and Dante are going to be dropping
• 1:07:22
  originals and Bitcoin simply. Until then, love you all.
• 1:07:26
  We'll see you guys on the next one.
• 1:07:27
  Take care, everybody. Today's episode was brought to
• 1:07:30
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:07:33
  mission to enable financial independence.