Latest / Simply Bitcoin / MicroStrategy PROVES You're Not BULLISH Enough On Bitcoin | EP 1173

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MicroStrategy PROVES You're Not BULLISH Enough On Bitcoin | EP 1173 · Simply Bitcoin

• 0:00
  Yo, Michael Saylor just bought another $500 million worth of
• 0:05
  Bitcoin, or rather, is about to buy another 584,000,000 worth of
• 0:08
  Bitcoin under a completely new financial product that could
• 0:11
  become a game changer for the markets.
• 0:14
  Does this new structure of capital raise that MicroStrategy
• 0:17
  is exploding, exploiting? Sorry proves that there's some
• 0:20
  silent but growing demand for Bitcoin exposure.
• 0:24
  And just when you thought things weren't getting bullish, let's
• 0:27
  not forget that one of the largest insurance funds in the
• 0:30
  entire world single handedly bought 25% of MSTR's recent
• 0:35
  record-breaking bond raise. And also this week, we also
• 0:39
  found out that a central bank bought $500 million in MSTR.
• 0:45
  Guys, things are getting crazy out here.
• 0:47
  It looks like the exposure and the need and the hunger for
• 0:52
  Bitcoin is growing. It's absolutely insane to watch.
• 0:56
  Let me pull this up and of course, I am not alone.
• 0:59
  Today I am here with my boy Chris Alemo.
• 1:02
  You guys all know Chris by now. Shouts out to Chris, everyone's
• 1:05
  favorite friendly neighborhood bitcoiner.
• 1:08
  And then we got a fellow content creator, Mauricio AKA Mr. M
• 1:11
  Podcast. So we got a great show for you
• 1:14
  guys, jam packed with news. But let's get into the headline
• 1:17
  story here. So I got Sailor's tweet.
• 1:19
  MicroStrategy announces pricing of its strike preferred stock
• 1:23
  AKA STRK offering and upsizes the deal from $250 million to
• 1:29
  500 and 84,000,000. If you don't understand what
• 1:32
  that means, essentially you know they did their they're offering
• 1:35
  initial offering for $250 million and it was
• 1:38
  oversubscribed to 584,000,000. Now let's go to the press
• 1:42
  release. I'm not going to read the whole
• 1:43
  thing because you know, it's, it's, it's not for layman's
• 1:47
  basically, but just reading the beginning.
• 1:49
  MicroStrategy today announced the pricing of its offering on
• 1:52
  January 30th, 2025 of 7.3 million shares of 8% Series A
• 1:57
  perpetual strike preferred stock at a public offering price of
• 2:01
  $80.00 per share. This issuance and sale of the
• 2:04
  perpetual strike preferred stock are scheduled to settle on
• 2:07
  February 5th, 2025. S again, 500 and 85th
• 2:11
  $584,000,000 of new capital coming into the market.
• 2:15
  It's not officially in the market yet, but it'll be
• 2:17
  officially closed in February 5th.
• 2:20
  Now just kind of breaking this down for you guys, for you guys
• 2:24
  that are asking like what does this mean like this show is
• 2:27
  becoming simply sailor simply micro strategy.
• 2:29
  Essentially what this means for you guys to understand is that
• 2:34
  the oversubscribed of this stock is essentially saying that the
• 2:37
  the market is hungry for these Bitcoin products.
• 2:39
  It's hungry for these Bitcoin securities.
• 2:42
  Remember guys, this stock offering was oversubscribed by
• 2:44
  nearly three times an increase from 2.5 million.
• 2:48
  Again, 250 million stock offering price to $2.5 million
• 2:53
  share or 2.5 million shares to 7.3 million price at $80.00 a
• 3:00
  share. So it's absolutely incredible
• 3:03
  what's going on right now. And further we remember we saw
• 3:06
  this happen last or this week. One second, my my computer just
• 3:14
  messed up on me. But Norway central bank bought
• 3:18
  $500 million in MicroStrategy 01.
• 3:23
  Second, one second. Are we not live?
• 3:30
  OK, sorry guys. It looks.
• 3:35
  Wow. I can't be edited.
• 3:39
  Let me see. Sorry guys.
• 3:40
  It looks like it didn't go live. I know we're live on Rumble.
• 3:43
  We're live on Rumble, but not YouTube.
• 3:48
  Interesting. Interesting.
• 3:52
  And I lost Chris. A Mac?
• 3:56
  I don't know, my Internet went out, but yeah, we're not live on
• 3:57
  YouTube right now. That's crazy, Let me see if I
• 4:01
  can fix it live. I don't think I can.
• 4:05
  Wow, wrecked, absolutely wrecked.
• 4:11
  Anyways, I guess we're just going to keep keep gripping it
• 4:14
  and I'll upload it later. Absolutely wrecked on today's
• 4:17
  show. I don't know what's happening,
• 4:18
  but again, Norway Central Bank fund reveals owning $500 million
• 4:22
  of MicroStrategy shares. And the other interesting news
• 4:25
  that we didn't cover is Alliance Insurance quietly bought a bunch
• 4:30
  of micro strategy convertible notes.
• 4:33
  And I really like this quote here from puncher Jeff.
• 4:35
  Bitcoins effectively eating trad 5 from the inside out and nobody
• 4:39
  really knows about it. This is what's going on.
• 4:41
  Now. Again, we're not here to just be
• 4:44
  a micro strategy show show essentially what this is
• 4:47
  showing. Oh, it says we're live on
• 4:49
  YouTube now. OK, all right, well, I don't
• 4:51
  know what's going on. I guess we're having some issues
• 4:55
  over here. But hey, if they're seeing it,
• 4:57
  they're seeing it. We keep losing, Chris.
• 4:59
  But essentially what I'm seeing here and what I'm looking at,
• 5:02
  obviously we are super bullish on Bitcoin.
• 5:05
  We're constantly bullish on Bitcoin and I think you guys are
• 5:09
  all constantly bullish on Bitcoin.
• 5:10
  Now, what's very interesting to see is that Tranfi markets
• 5:14
  institutional capital now that it's able to get into Bitcoin,
• 5:18
  it's starting to wake up to these bit bit different Bitcoin
• 5:21
  products. And MicroStrategy right now is
• 5:23
  essentially, you know, the de facto proxy to get Bitcoin
• 5:26
  exposure and the fact that people are oversubscribing to
• 5:30
  its new Bitcoin products, the fact that we have central banks,
• 5:33
  some of the biggest insurance companies in the world starting
• 5:35
  to get MicroStrategy exposure. It looks like the market is
• 5:39
  hungry not only for the games, but for that Bitcoin exposure,
• 5:43
  trying to get some of that price appreciation.
• 5:45
  But it looks like Bitcoin is maturing on the market.
• 5:47
  It looks like people are starting to accept Bitcoin.
• 5:50
  They're starting to look at Bitcoin.
• 5:51
  It's not just some Internet nerd money, not just something that
• 5:53
  you can relegate to the dark corners of the Internet.
• 5:56
  It's starting to look like a legitimate financial tool for
• 5:59
  them to of course, protect their purchasing power and ensure that
• 6:03
  they get more games than just simply buying treasuries right
• 6:06
  now. So as the world wakes up to
• 6:07
  Bitcoin, you guys out there that are stacking, obviously it's
• 6:11
  going to increase your stack. You guys are going to be happy
• 6:14
  because of number go up. But it's very interesting to see
• 6:17
  that even though Michael Saylor just continues to either issue
• 6:20
  convertible notes or this new Bitcoin product, it's just.
• 6:24
  A. Flow of capital coming into it.
• 6:27
  People are oversubscribing. There's a huge hype around
• 6:29
  MicroStrategy right now. There's a lot of rumors going
• 6:31
  around and Mauricio, I'd like to get your take on this one.
• 6:34
  A lot of rumors going around right now that MicroStrategy
• 6:36
  might end up being literally the biggest company in the world in
• 6:40
  a couple of years. So crazy stuff going on.
• 6:44
  Mauricio, let me pass it to you and I'll see if I can get Chris
• 6:47
  back on and what's going on. But what's your thoughts on this
• 6:50
  latest product from MicroStrategy and the fact that
• 6:53
  it's oversubscribed, the fact that it seems like institutional
• 6:56
  capital really wants to get Bitcoin exposure?
• 6:59
  It's very interesting to watch play out.
• 7:01
  Where in what about the last, Yeah, last day of the month,
• 7:04
  first month of the year down. And it looks like Bitcoin is
• 7:07
  starting to catch on. Yeah.
• 7:10
  Well, first of all, thank you for having me.
• 7:11
  Really happy to be on your show. I don't think we are bullish
• 7:14
  enough 100% and Michael Saylor is just showing how it's done to
• 7:17
  everyone, right, because at the end of the day is opening the
• 7:20
  road and this new presidency in the US is going to allow a lot
• 7:24
  of money to fly flow into Bitcoin for sure.
• 7:27
  So it's very interesting time. I don't think we're bullish
• 7:29
  enough. Sometimes I try to keep it
• 7:31
  together, but definitely interesting.
• 7:33
  And I think micro strategy, like I said is going to convert,
• 7:36
  especially Michael Saylor like with the blueprint he put
• 7:39
  together, he's going to orange build a lot of companies.
• 7:42
  Yes, we're seeing some fun coming from Europe, but that's
• 7:45
  expected, right? Like we've seen it before.
• 7:48
  It's a cycle. And I do believe though that we
• 7:51
  will at some point cool off and correct, not as much, not as
• 7:54
  aggressive as we've done in the past, right, because cycles have
• 7:57
  a life. But the next few months, at
• 8:01
  least until the end of summer are going to be epic, that's for
• 8:04
  sure. So I'm I'm excited.
• 8:06
  Yeah, I love it. Me too, 100%.
• 8:09
  It's very crazy times to be in Bitcoin considering, you know,
• 8:13
  well, actually I was going to say this for the culture, but I
• 8:16
  think it's some good context. You were telling me before the
• 8:19
  show, you know, you've been in Bitcoin for 12 years.
• 8:21
  And it seems like this is the year that we are starting to get
• 8:26
  the, the FOMO that we've all kind of thought Bitcoin would
• 8:29
  have in years past. It seemed like now is the year
• 8:33
  that the institutional capital is actually here.
• 8:35
  And so what's your thoughts on just the general growth of
• 8:38
  Bitcoin? Like where are we in the cycle?
• 8:40
  Are we going to see a cycle blow off top this time or are we
• 8:43
  going to get blue baud like we did last year or sorry, in 2020?
• 8:49
  It's a fantastic question. So there are a couple of charts
• 8:51
  that people are posting on X and it seems like we are repeating
• 8:54
  2017, right? So if that's the case, well,
• 8:58
  we're going much higher. So I think it's going to be
• 9:00
  interesting to see where we're going to move on because because
• 9:04
  of Trump mainly. So Trump accelerated what would
• 9:06
  have happened anyway because Bitcoin is inevitable.
• 9:08
  It's just accelerated the process.
• 9:11
  So in terms of numbers, I like sailor take, we are going
• 9:14
  higher, right? That's how I like to think about
• 9:17
  because it's my saving, it's my money.
• 9:18
  So I'm all good for the long term.
• 9:21
  But I think we've not seen the top yet and we will probably
• 9:25
  maybe even extend into 2026. It's an option like if history
• 9:29
  repeats and or rhyme, we should end up the cycle in October,
• 9:32
  November. But it's possible that we might
• 9:35
  go a little bit forward in 2026 because of so many different
• 9:39
  things, right? Like I mean, get against that is
• 9:41
  gone. The new SEC had is bullish on
• 9:43
  Bitcoin. Basically the entire new
• 9:45
  administration in the US is bullish on Bitcoin.
• 9:47
  We see in Czech Republic potentially thinking about
• 9:50
  storing their wealth and their value into Bitcoin.
• 9:53
  We will see. I think we have 15 states in the
• 9:56
  US. What is the strategic reserve,
• 9:59
  guys, buckle up because this thing is going to go much
• 10:01
  higher. In terms of number, I think
• 10:03
  200,000 is not crazy. If you think about in terms of
• 10:07
  market cap, for example, we're now over in 2 trillion, Gold is
• 10:10
  18 trillion. So we are more or less 10% and I
• 10:13
  think it's easy to say fair to assume maybe four or five
• 10:16
  trillion, which is going to take us to what $250,000 by the year
• 10:20
  end, maybe with a high chance of extending the bull market.
• 10:25
  Da Vinci, shout out to da Vinci DOG.
• 10:26
  He thinks we could have doubled the cycle.
• 10:29
  So instead of four years into eight years, that's also
• 10:33
  something I'm I'm entertaining because things I mean, I know
• 10:37
  that we say this time is different all the times, right,
• 10:39
  But we never had countries formal into this thing.
• 10:42
  So my hands, you know, my hands forward.
• 10:46
  I think we will see some differences coming in.
• 10:49
  Yeah, totally. I couldn't agree more.
• 10:50
  All right, Chris, did you catch any of that even though your
• 10:54
  Internet was acting up? No, unfortunately I did not, but
• 10:57
  I'm guessing something with Christine Lagarde and like
• 10:59
  bright points and stuff. No, no, no.
• 11:02
  Okay, let's. We'll keep it.
• 11:04
  Moving and hopefully your Internet stays strong with us
• 11:06
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• 14:12
  So apparently there are some issues on YouTube, but it is
• 14:15
  live it's just on a different video, but hey if you're
• 14:18
  watching it then you you're already watching the show.
• 14:20
  So hopefully everyone kind of funnels over here anyway that
• 14:23
  anyways, we're over here on clock Moody's dashboard writing
• 14:26
  the Bitcoin numbers. The current Bitcoin price is 100
• 14:29
  and $4700 per Bitcoin. The stats per dollar, AKA how
• 14:33
  much Bitcoin you can buy for a single, AKA how much the dollar
• 14:36
  is worth in Bitcoin is currently at 955 cents per dollar.
• 14:40
  The block height is 881,667. The market cap in Fiat terms is
• 14:45
  $2.07 trillion and the Bitcoin versus gold market cap is at
• 14:50
  10.64%. And the total percentage of
• 14:53
  Bitcoin that will ever be issued is currently at 94.37%, roughly
• 14:57
  around, you know, 19.8 million. And the realized monetary
• 15:00
  inflation, as we like to say, taking Fiat currencies to school
• 15:04
  is currently at 1:00 .03%. Do you guys remember yesterday
• 15:07
  it was literally at 1.4 percent, 1.04%.
• 15:10
  So, you know, slowly, slowly inking down.
• 15:13
  You might want to get some Bitcoin.
• 15:14
  It seems like the hardest, best money in the world.
• 15:16
  But what do I know? I'm biased here.
• 15:18
  Anyways, I am super glad we have Mr. M on today's show because
• 15:22
  he's also a fellow content creator and he dabbles in a lot
• 15:25
  of the, you know, quote UN quote crypto spaces.
• 15:28
  But he's a Bitcoiner and you know, it's a dirty word here,
• 15:32
  but I think we've been all watching this and, and
• 15:35
  especially there's, there's kind of 22 thinkings on this idea
• 15:39
  right now. Obviously we all saw President
• 15:41
  Trump drop a couple meme coins and it seems like Wall Street's
• 15:44
  coming into Bitcoin and they're going to unleash a whole new
• 15:48
  round of shit coinery into the market.
• 15:51
  But for a lot of people on the sidelines that are more on the
• 15:54
  crypto side, they're all waiting for this altcoin season, the
• 15:57
  mythical altcoin season that everyone thinks is around the
• 16:00
  corner. And I've been seeing a lot of
• 16:01
  sentiment on Twitter where people that aren't Bitcoin only
• 16:05
  are literally losing their minds.
• 16:07
  They're like depressed. They're losing their wealth and
• 16:10
  they're wondering what? Is going on.
• 16:11
  Well, we got a great chart here from river shouts out the river
• 16:14
  financial for this chart and it's showing the decoupling of
• 16:17
  Bitcoin and quote UN quote crypto markets and for the audio
• 16:20
  listeners, you can see that historically the Bitcoin markets
• 16:24
  and the crypto markets were pretty well aligned.
• 16:27
  You know, you can see that when Bitcoin pumped in 2018, the
• 16:29
  altcoin market pumped. When Bitcoin pumped in 2021, the
• 16:33
  market pumped and they're pretty much following the Bitcoin
• 16:36
  market verbatim. They're in parallel.
• 16:40
  And it's kind of the cycle theory for our for the last
• 16:43
  couple of years, or rather for the whole existence of Bitcoin,
• 16:45
  is that once Bitcoin pumps, you know, people try to cycle their
• 16:48
  gains into all coins so that they can make more Bitcoin.
• 16:51
  And so the all coin season usually lags the Bitcoin market
• 16:54
  moving up. Everything is riding on the
• 16:56
  coattails of Bitcoin. Well, it looks like this time
• 16:59
  might be different. Now, obviously this data could
• 17:03
  you could argue that maybe there's a delay, there's a lag
• 17:05
  in the markets, or you can argue that maybe altcoin season is
• 17:09
  over, maybe there will not be another altcoin season.
• 17:12
  Obviously, I don't think all coins are dead or shit coins are
• 17:14
  dead. I think people will always
• 17:16
  inevitably want to gamble. And as long as you know you're
• 17:19
  gambling, then you know, have fun.
• 17:21
  You know, if you want to, if you want to gamble the like, you
• 17:24
  know, go buy some lottery tickets in the altcoin market.
• 17:27
  I'm not going to tell you what to do with your money.
• 17:30
  All I'm going to tell you is that the best and safest
• 17:32
  investment is of, of course, Bitcoin.
• 17:34
  Well, if you're watching the video, you can see that the
• 17:37
  Bitcoin market cap is decoupling from the altcoin market.
• 17:41
  While the Bitcoin market is moving up, the altcoin markets
• 17:44
  are moving down. And so is this a growing trend
• 17:47
  that we're seeing that we will see in 2025 is that Bitcoin is
• 17:51
  finally decoupling from the altcoin markets?
• 17:53
  And I've been saying it on the show for a long time that one of
• 17:56
  the duties that we have as a Bitcoiner, as Bitcoin content
• 17:59
  creators is to continue, continue to separate bitcoins
• 18:03
  from altcoin coins. That these are two fundamentally
• 18:05
  different beasts. Remember, Warren Davidson in
• 18:07
  Congress said on official record, there is Bitcoin and
• 18:11
  there is shit coins. This was officially in Congress
• 18:14
  and it's seemingly looking like this is playing out in real
• 18:18
  time. So I don't think that we're
• 18:20
  never going to see an all coin season, but it looks like
• 18:23
  historically the same memes that we've been seeing are starting
• 18:26
  to break down. So hey, if I was someone here
• 18:29
  watching this show, cuz we do sometimes get people in the chat
• 18:32
  going, hey, what about this, what about that coin?
• 18:35
  And we're always just like, it's Bitcoin only that's the only
• 18:38
  thing that matters. That's the only thing that's
• 18:39
  going to be around for the longest.
• 18:41
  This is the safest bet. This is the, the bet that
• 18:43
  everything else is riding off of.
• 18:45
  As we like to say, you know, all coins are just a way to steal
• 18:48
  your Bitcoin. It's looking like the data in
• 18:50
  the markets are, are kind of proving our point that
• 18:53
  eventually all roads lead to Bitcoin.
• 18:55
  People are getting tired of the all coins are losing their
• 18:57
  value. So if this decoupling continues
• 19:00
  and Bitcoin continually starts to separate from the crypto
• 19:03
  markets, obviously that's good for Bitcoin, it's good for us,
• 19:07
  but I think it's also good for new entrants into the space.
• 19:10
  They'll start to look at all coins and realize, wait, why
• 19:12
  would I want to hold that? You know, why do I want to
• 19:14
  gamble my wealth, my savings, when I can just put it into
• 19:18
  something that's safe, that I know that's going to be here
• 19:20
  long term, that is going to continue to preserve my value.
• 19:23
  And that's the whole game that we've been talking about here
• 19:26
  constantly as Bitcoiners. Yes, saving isn't as sexy as
• 19:29
  saying hey, if I throw $1000 in this shit coin, I can 100 exit
• 19:34
  versus being like, hey, just store generational wealth for
• 19:37
  the long term. This is how you succeed is
• 19:39
  simply by saving. There's a whole new game now
• 19:42
  where you don't have to become an investor or a gambler to just
• 19:46
  succeed in life. All you have to do is provide
• 19:49
  value, save it in Bitcoin and just repeat this process
• 19:52
  constantly. Now I'm going to pass it over to
• 19:55
  Mr. M Crypto before I pass it to Chris because like I said, you
• 19:59
  know, you as a content creator, you have worked with some of the
• 20:02
  biggest crypto. Channels in the world, though,
• 20:05
  you are a bitcoiner, you're Bitcoin only.
• 20:07
  You were telling me before, before the show, you're like,
• 20:09
  it's Bitcoin, not crypto. That's my main message.
• 20:12
  But as someone that's been involved and you know, works and
• 20:17
  consults a lot of channels, what's your thinking and what's.
• 20:20
  Your thought process. When you see that Bitcoin is
• 20:23
  decoupling from the crypto markets.
• 20:26
  That's super exciting. I, I think sadly, I don't think
• 20:29
  it's going to be forever. I think we will see an alcoing
• 20:31
  season. It might change a little bit in
• 20:33
  a sense that people like to take profit in other assets.
• 20:36
  So we'll see a rotation eventually.
• 20:38
  In fact, if you measure it, depending on how you measure it,
• 20:41
  but for example, Solana and XRP, they had some some success over
• 20:45
  Bitcoin in the short term because in the long term there
• 20:47
  is no chance, right? So I'm with you.
• 20:49
  Bitcoin is the only thing I like to put my money into is the only
• 20:52
  asset I invest into it. But I think we'll see a rotation
• 20:55
  coming in because at the end of the day, people are greedy and
• 20:57
  they want to multiply their stack.
• 20:59
  And as I say all the time, if you think 60% a year is not
• 21:03
  enough, something is fundamentally wrong with you
• 21:05
  because Bitcoin is doing more than enough on average, because
• 21:08
  it goes up when we are in the bull market more, of course.
• 21:10
  But if you think about returns, I think it makes sense.
• 21:14
  But I think sadly, we will see a rotation.
• 21:16
  We'll see Ethereal moving, we'll see Solana moving, especially
• 21:19
  with the stockpile announcement, which we will hopefully find out
• 21:22
  soon. But if by any means or any
• 21:25
  chance there is a government of the United States buying some
• 21:28
  digital assets on top of Bitcoin, we will see some
• 21:31
  degenerate gambling happening and people are going to invest.
• 21:34
  Also, the Cryptozara is kind of involved in Solana.
• 21:38
  There is a fantastic thread on Twitter where he talks about it.
• 21:41
  So I think, you know, I wouldn't say a coin season is not going
• 21:44
  to happen. I would say might be delayed,
• 21:46
  but I think time will tell for sure.
• 21:50
  Totally agree, Totally agree. Yeah, I'm not, I don't think, I
• 21:54
  don't think all coin seasons are dead.
• 21:57
  It just seems like maybe there is better understanding in the
• 22:00
  market from new entrants. I've been saying this for a long
• 22:03
  time that it seems like as the education levels around Bitcoin
• 22:06
  continue to go up, as there's better content and it's more
• 22:09
  easily digestible, people very quickly get to the Bitcoin
• 22:13
  message over, you know, real thinking that, oh, wait,
• 22:16
  Bitcoin's Myspace and I need to go buy, you know, X coin for,
• 22:20
  you know, whatever I need to, you know, I need to buy ice
• 22:23
  cream coin so I can buy ice cream.
• 22:24
  And it's like, no, that's, that's not how things are going
• 22:27
  to work out in the future. But everyone loves to gamble
• 22:31
  like lottery tickets. I think I saw a metric from man
• 22:36
  I'm blanking on who's Chris? You might know the oh, Larry
• 22:40
  Leopard. I saw a tweet from Larry Leopard
• 22:42
  today or yesterday and he said, you know, like lottery tickets
• 22:48
  is $100 billion market right now.
• 22:51
  And this is just a, you know, an indication of where the Fiat
• 22:55
  system is, is that people are gambling to try to get ahead in
• 22:59
  the system that is you designed to steal from you.
• 23:01
  And, and so I think that we will always see gambling, but
• 23:04
  hopefully as more entrants come into the market, they're able to
• 23:07
  get the Bitcoin message quicker and they understand that the
• 23:10
  real game is trying to just save in Bitcoin.
• 23:12
  The game is a it's a game of accumulation.
• 23:15
  Acquire as much Bitcoin as possible, live your life and the
• 23:18
  life is going to be better. And I think we're starting to
• 23:21
  kind of get more signals in the market that are showing that
• 23:24
  that is the case that new entrants are coming in and
• 23:27
  they're realizing, hey, all I need to do is just save in
• 23:29
  Bitcoin. Why?
• 23:29
  Why complicate this thing? Why look at the charts all the
• 23:32
  time? Why go mad behind the charts and
• 23:34
  lose my savings, my entire net worth when I can just pile it
• 23:38
  into Bitcoin and go and live my life?
• 23:40
  It's so simple. It's absolutely amazing.
• 23:43
  Anyways, Chris, you're a bitcoiner.
• 23:45
  You been around for a while. You remember the altcoin seasons
• 23:47
  in the past. So what's your thoughts on
• 23:49
  seeing the Bitcoin market start to decouple from the crypto shit
• 23:53
  coin markets? It means we're converting more
• 23:56
  people to Bitcoin only Optia. That's what that means.
• 23:58
  If you can bring up the chart real quick, there's something I
• 23:59
  want to show on the chart. So obviously we see like in the
• 24:04
  2024 mark, basically they're still correlated, mostly
• 24:06
  correlated for the most part. And then we see in 2024,
• 24:09
  basically for pretty much all of it, it's chopping sideways for
• 24:12
  crypto, other cryptocurrencies where bitcoins going to new all
• 24:14
  time highs. I forget who brought this up
• 24:17
  recently, but basically they see that crypto realize is start the
• 24:20
  crypto folks are starting to realize there's Bitcoin, then
• 24:22
  there's everything else. What do I mean by that?
• 24:25
  You know, president 47th in the United States, President Trump,
• 24:28
  you know, two days, three days before inauguration lunch, Trump
• 24:30
  coin. You know, all of us were like,
• 24:32
  what the fuck? Like what are you doing?
• 24:33
  Why are you doing this? I have no idea.
• 24:35
  You're shit coining. So anyway, it went to a Max of
• 24:39
  $75 per coin based on the whole market cap, and now it's at $25
• 24:43
  per coin. So that's a 66% haircut on the
• 24:45
  meme coin. I mean, a day later he was like,
• 24:47
  oh, Melania is dropping her coin.
• 24:49
  And then I made the joke like, oh, who's next?
• 24:51
  Baron, Don, Junior, all these other people, literally, I think
• 24:54
  Baron's coin. Drop.
• 24:55
  Yeah, dropped like a few days later.
• 24:57
  So with that being said, basically they're cannibalizing
• 25:00
  each other. I don't think the majority of
• 25:01
  the Bitcoiners, you know, I'll speak for myself.
• 25:03
  I know I didn't, I, I, I, I'll speak for Opti as well, but I
• 25:06
  think the majority Bitcoiners like, what are you doing?
• 25:08
  I'm not going to buy this. This is a rug pull.
• 25:09
  This is a scam. I think people are wising up or
• 25:11
  getting smarter to it where maybe it back in 20/17/2018, you
• 25:16
  can trick people with the ICO phase.
• 25:17
  Your team feels like you're buying into a project or a
• 25:19
  company and really it's just a gigantic rug pull.
• 25:22
  But what I think a lot of people are seeing is crypto is
• 25:24
  cannibalizing crypto. So basically that's why it's a
• 25:26
  flat line trade. Like basically you're moving
• 25:29
  your gains from one thing to another thing that like, you
• 25:31
  know, while one thing's going up, your other crypto assets are
• 25:33
  going down. So that's why it's Bitcoin and
• 25:35
  everything else you know. Opti said he will not give
• 25:38
  financial advice. This is not financial advice,
• 25:40
  but I'll just say stay humble and stack sats.
• 25:42
  That's my opinion. Yes guys, this is not financial
• 25:47
  advice and we are just Youtubers reading thing, but if I were I
• 25:52
  would just stack sats and stay humble.
• 25:55
  Oh my goodness that's too good. That's too good.
• 25:57
  All right, guys. Well, we are moving on to the
• 26:00
  show. We have a very interesting story
• 26:03
  on today's news show. It looks like we are getting
• 26:06
  some higher level FUD coming at Bitcoin.
• 26:09
  So we're entering new, new echelons here in Bitcoin FUD
• 26:13
  level. And I think it's going to be a
• 26:15
  very interesting, interesting show.
• 26:17
  Anyways guys smash the like button, help us push this
• 26:20
  because of the snafu we had with YouTube but push us in the algo
• 26:25
  and actually before we move on, Mauricio was telling us some
• 26:28
  some YouTube hacks before the show.
• 26:30
  So drop one in the chat if you have bought Bitcoin today, drop
• 26:35
  A2 in the chat if you are broke and have no Fiat left.
• 26:39
  Let's move on to the next segment of the show.
• 26:42
  We got a jam packed show for you.
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• 29:07
  All right, guys, we got a saga for you here.
• 29:11
  Technically, you could say maybe this isn't news, but you know,
• 29:14
  since I had a guest on today and we're going to be talking about
• 29:17
  Mauricio and his journey and the culture, this would really more
• 29:20
  be like a culture segment. But hey, you know when we see
• 29:24
  some new FUD and it comes from some high level pH Alright,
• 29:28
  Noble Laureates, you just love to break it down.
• 29:31
  You just love to break it down. And we have some response from
• 29:33
  safety in which is just absolutely just Dome shots here,
• 29:38
  you know, head shots, metaphorically head shots here
• 29:41
  in a video game. All right, So what am I talking
• 29:43
  about? What would you say, Chris?
• 29:45
  I just say, you know, all metaphorically.
• 29:47
  No, no, no violence we don't get.
• 29:49
  Violence. Exactly.
• 29:50
  This is all metaphorical. You know, that was, that was an
• 29:54
  analogy. You do.
• 29:55
  We're, we're not calling for violence here.
• 29:58
  Oh, man, I probably just wrecked it even more anyways.
• 30:00
  Anyways, the headline is Noble Laureate Eugene Fama predicts
• 30:04
  Bitcoin will become worthless. Oh my God, imagine reading this
• 30:08
  and being a normie. And then really when you get to
• 30:11
  his reasoning, it's just, it's just ass backward.
• 30:14
  Anyway, this dropped yesterday and I'm just going to read the
• 30:17
  first part here because we don't have to read the whole article.
• 30:21
  But if you guys want to go read it, you know, go search it and
• 30:23
  you can see just how flawed the thinking is.
• 30:25
  But reading a little bit of this Nobel Prize winning economist, a
• 30:29
  Nobel Prize winning economist, guys, you hear this.
• 30:32
  A Nobel Prize winning economist is saying Bitcoin will become
• 30:36
  worthless. Imagine being someone that isn't
• 30:37
  a Bitcoin and reading this like, man, I'm not buying Bitcoin like
• 30:41
  a Nobel Prize winning economist says Bitcoin's going to 0
• 30:43
  anyways. Nobel Prize winning economist
• 30:45
  Eugene Fama argues that Bitcoin is fundamentally flawed and
• 30:49
  predicts it has a near certain chance of becoming worthless
• 30:52
  within a decade. And it goes In a conversation
• 30:55
  with Luigi Zingales and Bethany McLean, pharma explained why
• 30:59
  bitcoins extreme volatility, lack of intrinsic value and
• 31:03
  violation of basic monetary principles makes its long term
• 31:06
  survival unlikely. So again, just reading part of
• 31:09
  this. Eugene pharma, pioneer of the
• 31:11
  efficient market hypothesis and noble laureate in economics,
• 31:15
  predicts that Bitcoin has a close to 100% probability of
• 31:18
  becoming worthless within the next decade.
• 31:21
  The stock. Prediction from the University
• 31:22
  of Chicago professor. Terms at a time when Bitcoin has
• 31:25
  achieved a $2 trillion market cap, making it the seventh most
• 31:29
  valuable asset globally. OK, so Nobel Prize winning
• 31:32
  economist when Bitcoin is literally the 7th most valuable
• 31:35
  asset in the world. He's like, no, it's going to
• 31:38
  zero bro. Like just trust me bro, trust me
• 31:40
  on this Like I, I, I have the theories and the models bro.
• 31:44
  You know the fact that the market is pricing this at $2
• 31:46
  trillion, that's besides the point.
• 31:48
  My models and my theories are the the real thing that is
• 31:51
  correct. Instead of acknowledging
• 31:53
  reality, he's like, no, let me tell you why bitcoins going to
• 31:57
  zero in a decade anyways. Quote crypto currencies are such
• 32:01
  a puzzle because they violate all the rules of a medium of
• 32:04
  exchange. They don't have stable real
• 32:07
  value. You know, they have highly
• 32:09
  variable real value. That kind of medium of exchange
• 32:12
  is not supposed to survive. It's not supposed to be
• 32:14
  happening and yet it is. Pharma Pharma skepticism stems
• 32:18
  from fundamental contradictions in Bitcoins design, as Zingales
• 32:22
  explained during the discussion. The problem with all crypto is
• 32:26
  in order to create some trust in the system, you basically bound
• 32:29
  the supply, and once you bound the supply, the price is driven
• 32:32
  entirely by demand. This fixed supply combined with
• 32:35
  fluctuating demand leads to price volatility that makes
• 32:39
  Bitcoin unsuitable as a currency.
• 32:42
  When asked directly by the Zingalis about the probability
• 32:46
  that Bitcoin's value would go to 0 within 10 years, Farmer
• 32:49
  responded. I would say it's close to one.
• 32:52
  However, he acknowledged uncertainty about the timing,
• 32:55
  noting that quote. The distribution has long tails,
• 32:58
  meaning that there's significant uncertainty about exactly how
• 33:01
  and when any potential collapse might occur.
• 33:04
  God, you just, you got to love this.
• 33:06
  You got to love the fun. Anyway, reading a little more
• 33:09
  because I think here is like the, the, the crunch of the
• 33:13
  conversation. The future of monetary theory.
• 33:15
  Farmer predicts farm Farmer's prediction carries particular
• 33:19
  weight given his foundational work on efficient capital
• 33:21
  markets, wherein prices fully reflect what we know about
• 33:24
  future values. Again, I'm I'm going to repeat
• 33:26
  that again, Farmers prediction carries particular way given his
• 33:29
  foundational work on efficient capital markets, wherein prices
• 33:33
  fully reflect what we know about future values.
• 33:36
  Sounds like a sounds like a lot of predicting here.
• 33:39
  While acknowledging that is efficient market hypothesis is
• 33:42
  quote just a model that must be wrong to some extent, as all
• 33:46
  economic models are, he maintained that it accurately
• 33:49
  describes how most people should approach investing.
• 33:52
  I'm hearing a lot of shoulds, a lot of my model, my thesis is
• 33:55
  predicting this. It reminds me of, you know, the
• 33:58
  guy at the beginning of the show, he's, you know, he's kind
• 34:01
  of doing really well on Bitcoin, kind of known as the Bitcoin
• 34:04
  billionaire. He kind of has the most biggest
• 34:08
  gains in the market right now. You know, he's behind
• 34:11
  MicroStrategy. His name's Michael Saylor.
• 34:12
  Who says all your models are broken anyways.
• 34:15
  The persistence of Bitcoin poses a challenge to establish
• 34:18
  economic principles. I'm hoping it will bust, Pharma
• 34:21
  said. Because if it doesn't, you have
• 34:23
  to start all over with monetary theory.
• 34:26
  He suggested that if Bitcoin maintains its value long term,
• 34:30
  economists would need to fundamentally rethink their
• 34:32
  understanding of money in markets.
• 34:35
  Oh, my goodness. Wow.
• 34:38
  Yes, Swamma, yes, that is the case.
• 34:40
  You need to fundamentally re evaluate all of your thesis and
• 34:44
  your understanding of economics. Now, just to put a little salt
• 34:47
  on this wound, we have safety Namas, of course, the
• 34:51
  illustrious author of the Bitcoin standard, a Austrian
• 34:56
  economist, obviously a big a big antagonist to the Keynesians out
• 35:02
  there. He literally hates Keynesians.
• 35:03
  I, I don't know if you can say the H word here on on YouTube,
• 35:07
  but there's a very, very real vitriol from safety to the
• 35:12
  Keynesians. And he just doubled downs on it.
• 35:14
  And safety goes, Eugene Farmer is right.
• 35:17
  Bitcoin means you have to start all over with monetary theory.
• 35:20
  Economists fundamentally rethink your understanding of money and
• 35:23
  markets today with the Bitcoin standard.
• 35:26
  And I think this is just a perfect zeitgeist of what we're
• 35:29
  seeing from the traditional financial world, from
• 35:32
  traditional economists, obviously Keynesian economists,
• 35:34
  they look at Bitcoin through a certain lens and they've been
• 35:38
  taught for their whole lives. They have the the accolades,
• 35:41
  they have the degrees and they've been taught and taught
• 35:44
  about the world that it works one way.
• 35:47
  But in the face of reality, which is the price of Bitcoin,
• 35:51
  we consider it the free market of money.
• 35:53
  It's real time metrics. This is reality.
• 35:55
  This is what Bitcoin is doing. It is fundamentally bringing
• 35:59
  economics, our economy back to reality instead of this lie that
• 36:03
  we've all been told about Fiat money and Keynesian economics
• 36:06
  and how this actually works. And trust us, bro, we have the
• 36:10
  accolades and the degrees and we're super smart.
• 36:13
  You know, I have a PhD and this is how the world works.
• 36:16
  And as Bitcoiners over here, especially me, you know, 45 IQ
• 36:19
  Bitcoin over here is like it looks like your thesis is wrong
• 36:22
  because one of the ways to know whether you are right is if you
• 36:26
  know you're able to predict the future, if you're actually able
• 36:29
  to make some gains, like if you're so smart, why are you
• 36:32
  missing out on what is it now? I don't know, million plus gains
• 36:35
  on Bitcoin like, you know, hold on to your pH D's bro, because I
• 36:40
  don't know. I'd much rather have the number
• 36:42
  go up a Bitcoin and then believing my pH DS.
• 36:45
  Though I do love him saying all models are broken, but some are
• 36:48
  useful. And it's like, well, maybe your
• 36:50
  model is trash. Maybe it's already been broken.
• 36:53
  Now going further a little bit, I will read this long post by
• 36:56
  Safety and because he completely dismantles this and then we'll
• 36:59
  talk about it. So Fama's mistake is to conflate
• 37:01
  the emergent characteristics of money stability, which results
• 37:05
  from it being chosen as money for a fundamental property that
• 37:08
  causes it to become as money and Fiat economics, benevolent wise
• 37:12
  economists and bankers bestow upon society a stable money that
• 37:16
  allows trade to take place. Something unstable in value
• 37:19
  cannot become money because it is unstable.
• 37:22
  If Fiat economics is right, Bitcoin died by 2012 at the
• 37:25
  lease, but it didn't and real world economics unburdened by
• 37:29
  having to lie to get Federal Reserve research research
• 37:33
  grants. Money emerges on the market
• 37:35
  through people's actions and trades with one another because
• 37:37
  of its inherent economic properties, not inherent value.
• 37:40
  I'm I'm so tired of the inherent value thing.
• 37:43
  Money that is hard to make rewards its holders with more
• 37:45
  purchasing power, whereas money that is easy to make destroys
• 37:48
  the purchasing power of its holder.
• 37:50
  Overtime. Liquid wealth concentrates in
• 37:52
  the best store of value, which means it becomes a thing in
• 37:54
  which people have the largest cash balances.
• 37:57
  This this makes money more stable.
• 37:58
  Most this makes money the most saleable good with the largest
• 38:01
  liquidity. That saleability and large
• 38:03
  liquidity is what causes the market value of money to become
• 38:06
  relatively stable. The larger the market, the less
• 38:09
  likely any particular transaction will move the price
• 38:11
  too much. Because of the very deep cash
• 38:13
  balances people hold, they stand ready to buy and sell large
• 38:16
  qualities, quantities of the money with the least amount of
• 38:20
  variation in price of any good. The stability of money emerges
• 38:24
  as a consequence of being chosen has a money by the market.
• 38:28
  It does not 'cause it to become money.
• 38:30
  Things aren't born stable. They only become relatively
• 38:33
  stable when there are large cash balances held in them.
• 38:36
  And what causes something to become money is its ability to
• 38:39
  hold value. As I explained in the Bitcoin
• 38:41
  standard so absolutely destroyed here from you know, safety and
• 38:46
  Amos Nobel Prize winning economists absolutely wrecked
• 38:52
  and devastated in the chat. Imagine believing these people.
• 38:56
  Imagine trusting them with your life savings and and in the face
• 39:02
  of all of economic reality, they just continue to double down and
• 39:05
  be like, wait, but like my PhD bro, like my thesis is something
• 39:09
  different and all of us here are like, that's cool.
• 39:13
  I, I love your theories like great, great theory here.
• 39:16
  But why is Bitcoin still alive? If, if you were right, it should
• 39:19
  be dead. And yet in the face of all of
• 39:22
  this, people double down. And I'm reminded we said it this
• 39:25
  week. You know, it's hard to convince
• 39:26
  someone of something when their salary depends on that very
• 39:30
  thing to exist. And I think this is where we
• 39:33
  are. And really the, the, the part
• 39:35
  that is horrible about, about this, the part that is really
• 39:38
  devastating is imagine being one of these uninformed but well to
• 39:43
  do people, you know, well-intentioned people, and you
• 39:46
  see this and you start to think, wow, maybe I shouldn't put my
• 39:49
  money in Bitcoin. And we're on the eve of what we
• 39:52
  think to be an incredible bull run here.
• 39:54
  Everyone should be saving in Bitcoin.
• 39:56
  And yet we have people with pH DS with the degrees, with the
• 40:00
  accolades still coming out here, doubling down against Bitcoin in
• 40:04
  the face of their thesis and their models being wrong.
• 40:07
  And all of us Bitcoins have just adapted to.
• 40:09
  Economic reality. And soon enough I think the
• 40:11
  whole world will have to adapt to economic reality and you guys
• 40:15
  are just on the front lines. You guys are just the early
• 40:17
  adopters, the early innovators, and we just see the world in a
• 40:21
  totally different light. Because.
• 40:23
  For lack of better words, you know, we weren't brainwashed by
• 40:25
  Keynesian economics and you know, we didn't invest all of
• 40:29
  our life savings into being a PhD economist.
• 40:33
  And therefore we are incentivized to look at
• 40:36
  something that is going to make our lives better, which is, of
• 40:38
  course, saving in Bitcoin, continuing to accumulate
• 40:41
  Bitcoin. But man, I could probably keep
• 40:44
  going on. But the for the sake of having
• 40:46
  some guests on the show, I'm going to pass it over to Chris
• 40:48
  because there's so many holes in just that little, you know,
• 40:51
  little bit of the article that I read that is, is literally
• 40:54
  making me want to tear my hair out.
• 40:56
  So Chris, what's your thoughts on reading a Nobel Prize winning
• 40:59
  economist tell us that Bitcoin is going to 0 in the next
• 41:03
  decade? Someone in the chat said it's
• 41:05
  basically just a prize for a military industrial complex
• 41:08
  employee of the year, which I like was cracking up.
• 41:11
  I think that's genius. Yeah.
• 41:13
  I mean, all these people have been wrong.
• 41:14
  They give each other fake awards.
• 41:15
  They pat themselves on the back. They say, good job.
• 41:18
  I'm thinking of like George W Bush, like mission accomplished,
• 41:21
  like floating above when they're, like, completely wrong.
• 41:23
  Like Paul Krugman, you know, famous economist, you know, he's
• 41:26
  another Nobel Prize winner. He said, you know, the
• 41:29
  Internet's going to be no more important than the fax machine.
• 41:31
  Well, here we are 2020 years later, and look at how wrong he
• 41:34
  was. Like, literally, businesses are
• 41:36
  built on it. I mean, we're using the Internet
• 41:37
  right now. He uses the Internet everyday
• 41:39
  for his tweets that no one cares about, you know, like people
• 41:42
  like Peter Zihan that were like, you know, back in what was that,
• 41:45
  2023 or tail end of 2022, when he's like, oh, Bitcoin's at 16
• 41:49
  1/2 K, it's got another 17 1/2 K to go down.
• 41:52
  And Rogan was literally like, oh, like, what do you mean?
• 41:54
  He's like, yeah, it can go negative.
• 41:56
  It's like if Bitcoin were to go negative, Opti and I are like,
• 41:58
  you just send us your Bitcoin. Just send us all your Bitcoin.
• 42:01
  We'll gladly take it off your hands.
• 42:03
  And you're paying us to do so. We'll gladly do that.
• 42:06
  Yeah. I mean, these people are just
• 42:07
  forever wrong. And, you know, I have no
• 42:10
  disregard or respect for these people.
• 42:12
  I mean, they'll buy Bitcoin at the price they deserve.
• 42:14
  You know, I'm definitely more sympathetic to families that
• 42:17
  are, you know, both parents are working.
• 42:18
  They have a few kids in school. They're barely keeping their
• 42:20
  heads above water. The single mom that's working a
• 42:22
  job to, you know, feed and provide for her family.
• 42:25
  Like, I understand if she doesn't understand the nuances,
• 42:27
  the of economy, how Fiat money's printed, the Federal Reserve,
• 42:31
  like Bitcoin in general. Like I'm more sympathetic to
• 42:33
  someone like that. But like these economists that
• 42:35
  like, if their own farts online that like write these puff
• 42:39
  pieces in like the New York Times and The Washington Post,
• 42:42
  like I have zero respect for them because they don't care to
• 42:44
  learn. You know, people are disproving
• 42:45
  their points. You know, there's the famous
• 42:47
  flood dice that like, you know, the flood that just keeps coming
• 42:50
  up over and over again that you can just kind of like repeat on
• 42:54
  ad nauseam, like what they say and they bring up the same
• 42:56
  points even if they've been debunked with evidence, with
• 42:59
  data and everything. I mean, Bitcoin sitting at
• 43:02
  $105,000 right now and they're saying it's going to go to zero.
• 43:05
  I mean, it's almost out of new all time high.
• 43:07
  It's has only been in the 100K range for maybe, you know, maybe
• 43:12
  60 days of it if Bitcoin's entire existence.
• 43:14
  So like, and they're saying, Nope, it's going to 0.
• 43:16
  Like, you know, it's hitting all time highs, 7th most valuable
• 43:19
  asset in the world. And they're like they're saying
• 43:21
  it's going to go to 0. So I just have no respect for
• 43:23
  these people. You shouldn't either.
• 43:25
  You shouldn't listen to their advice.
• 43:27
  The only the one word of caution I'll say is when these people
• 43:29
  are finally saying goodbye, like we might actually be at a like
• 43:32
  an all time top ever, like, you know, but I hope that that's
• 43:35
  like 20, five, 30-40 years from now.
• 43:37
  But even then, I know Fiat's, you know, designed to debase
• 43:40
  forever. So just keep buying.
• 43:42
  And that's just not financial advice.
• 43:44
  But stay humble and stacks at and I think you'll be very
• 43:47
  greatly rewarded in the future. Yeah, I couldn't agree more.
• 43:50
  And also, you know, I I do want to pass it over to Mauricio.
• 43:53
  And then I I think I want to talk about something before we
• 43:55
  go into the culture. But let's not forget Paul
• 43:57
  Krugman is also a Nobel Prize winning economist and he's been
• 44:01
  wrong about everything. And these are the people that
• 44:04
  people are trusting with their life savings.
• 44:07
  It's like, look, I get it. You know, we were kind of joking
• 44:09
  earlier. Like this isn't financial
• 44:10
  advice. Like we're just dudes on
• 44:12
  YouTube. You know, we we're just talking
• 44:14
  heads on YouTube. So I get why you don't trust us.
• 44:17
  We don't wear a suit. We don't take ourselves
• 44:19
  seriously, but when you really just look at the data, I don't
• 44:23
  know about you, but it seems like maybe these people are
• 44:25
  wrong. Like hopefully their degrees
• 44:27
  keep them warm once they have fun staying poor at the very end
• 44:30
  of the day because hey, you want to double down against Bitcoin?
• 44:33
  All right, bro, have fun. We'll be having fun playing with
• 44:35
  our Bitcoins over here. And we're just proving a whole
• 44:38
  new economic model in real time. And I think I think the real,
• 44:43
  real feel for the people like Eugene Fama is what safety and
• 44:47
  said in the beginning that yes, you have to fundamentally
• 44:51
  rethink your ideas of econ, of economics and of monetary
• 44:56
  theory. And, you know, Satoshi had the
• 44:59
  prescient point of view here where he just dropped something
• 45:04
  that fundamentally rocks the world.
• 45:06
  And we all get the, you know, live off his coattails.
• 45:09
  We all get to live a better life because of this technology, the
• 45:12
  software that is Bitcoin and the pH D's.
• 45:16
  The Keynesian economists out there, they're just completely
• 45:20
  in disbelief about what's going on because it goes contrary to
• 45:23
  everything they've ever believed, ever been taught, ever
• 45:26
  been brainwashed, and they can't understand it.
• 45:28
  And it's just so beautiful to watch these people freak out.
• 45:31
  ANYWAYS, I've ranted in a Mauricio, what's your thoughts
• 45:34
  when you hear a Nobel Prize winning economist say that
• 45:37
  Bitcoin is going to zero in a decade?
• 45:40
  I think he's wonderful because he shows how it shows how early
• 45:44
  it is, right? So I mean, silver lining here,
• 45:47
  like when you have people coming up and saying things like there
• 45:50
  is a website called Bitcoin Obituaries where it shows a
• 45:52
  Bitcoin has died almost 500 times.
• 45:54
  And these things happen cyclically.
• 45:55
  Like people are saying things they don't study, they don't
• 45:58
  know what they're talking about. I think it's great.
• 46:00
  It means 100,000 is nothing. It's just the beginning, right?
• 46:04
  An opportunity by definition is finding something is not popular
• 46:07
  yet. So these guys coming out and
• 46:09
  saying these things, great. I mean, it's marketing for
• 46:12
  Bitcoin, you know, and it shows us how early we are.
• 46:15
  So I'm trying to find a positive, of course, because it
• 46:19
  doesn't make any sense when you think about it, but it does.
• 46:22
  I mean, there is a lot of people, like I was talking to
• 46:24
  Zubi, a friend of mine not long ago, he's in Dubai.
• 46:28
  And we were saying, I've actually asked judge PT how many
• 46:31
  people are in crypto, right? And we know Bitcoin is half more
• 46:34
  or less of crypto and we have about 6% of the planet in
• 46:37
  crypto. And of that 6%, about 3% is in
• 46:40
  Bitcoin. So it's basically these numbers
• 46:42
  are super low. So I'm I'm not surprised to see
• 46:45
  Bill Gates coming out and saying things like that.
• 46:49
  It's among other people, rat poison.
• 46:51
  We've got them all right. We collected them all.
• 46:54
  So I think overall is really positive.
• 46:55
  It makes me smile. It makes me think, OK, so maybe
• 46:58
  $1,000,000 is going to come faster than I think it would be.
• 47:00
  You know what I mean? Love it love it yes I couldn't
• 47:06
  agree more and I really love your take there where it this
• 47:10
  just also proves how early we are and this is a constant
• 47:13
  constant thread and theme that we hear people coming into
• 47:16
  Bitcoin. Obviously you and I we've been
• 47:19
  I've probably been in Bitcoin for most of my adult life at
• 47:22
  this point you probably as well. Chris has been here for, you
• 47:26
  know, since 2020. And even though we're so caught
• 47:30
  up in the Bitcoin mess, obviously we're all in echo
• 47:32
  chambers. So sometimes it's hard to, you
• 47:35
  know, pull your head up for some air and realize what the normie,
• 47:39
  normie world is talking about. But stuff like this does show
• 47:42
  just how early we really are in the adoption of Bitcoin.
• 47:45
  And like you said, that just means maybe $1,000,000 Bitcoin
• 47:48
  is a lot closer than we think. It's absolutely incredible,
• 47:52
  especially when we get, as the chat is saying this, this type
• 47:55
  of elite FUD. You just love to see it.
• 47:58
  You just love to see see them freaking out about why Bitcoin
• 48:01
  is doing what it does and they can't wrap their head around it.
• 48:04
  And it's just it's so beautiful to see.
• 48:06
  Actually, one more thing, and I'm glad that SAT sacker brought
• 48:09
  this up because I didn't want to touch on this a little bit.
• 48:11
  SAT Sacker says, no, you're tired of no intrinsic value.
• 48:14
  Yes, to clarify, I think I, I said I'm tired of this intrinsic
• 48:18
  value conversation go up. But yes, it is, to be clear,
• 48:23
  this idea of no intrinsic value, and obviously as an amateur
• 48:27
  Austrian economist, I very simply always say like, there is
• 48:31
  no such thing as intrinsic value.
• 48:33
  There's no such thing as intrinsic value.
• 48:35
  Everything is from a vantage point, everything is
• 48:38
  essentially, I say it and I get yelled at like everything is
• 48:41
  speculation. You know, you can look at
• 48:44
  something, not find value in it, but someone else can look at
• 48:48
  something and find value. And that's how the economy
• 48:53
  works. That's how people make value
• 48:55
  judgments in the market. This is what we're we're talking
• 48:58
  about. But it's funny when people with
• 48:59
  PhDs kind of stand on their high horse and be like, no, trust me,
• 49:03
  bro, this has no intrinsic value.
• 49:05
  This is breaking all the laws of medium of exchange.
• 49:07
  It should not be money. And the other thought was like,
• 49:10
  there was a lot of should there. And as an economist, you should
• 49:14
  want to kind of look at reality, make a value judgement based on
• 49:19
  the data you're seeing from reality.
• 49:20
  Not this idea of like, oh, it should be like this.
• 49:23
  This is how the economy should be.
• 49:25
  It should work based on my theory and in reality, instead
• 49:28
  of scrapping their theories, their models, they're just like,
• 49:31
  no, this shouldn't be working. It's going to 0 in 10 years
• 49:35
  anyway. Let me see.
• 49:36
  Let me see. Is this are you guys just
• 49:38
  chatting in the chat? OK, OK, they're just chatting in
• 49:40
  the chat. They're distracting me.
• 49:42
  All right, guys. Well, we got the bulk of the
• 49:45
  show, but I'm really excited to have this conversation with
• 49:48
  Mauricio because he's a fellow content creator and also he's
• 49:51
  been in Bitcoin for longer than I have.
• 49:54
  So we're going to pick his brain on his Bitcoin journey making
• 49:58
  content. And for you guys in the chat,
• 50:00
  I've I've seen a lot of newer bit corners in the chat.
• 50:03
  Drop your questions for Bitcoin OG in the chat and if we got
• 50:07
  enough time, we will cover it. So let's get into the culture.
• 50:12
  I want to give a shout out to our sponsor Hive Digital
• 50:15
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• 50:47
  their website, hivedigitaltech.com.
• 51:01
  All right, boys and girls, before we get into the culture
• 51:03
  conversation, of course we're paying the bills here.
• 51:06
  Make sure you go to Bitlock Boom.
• 51:08
  It's April 3rd to April 6th in Dallas, TX.
• 51:13
  We're going to take over Dallas, TX for a true Bitcoin
• 51:15
  conference. This is our home conference.
• 51:17
  This conference has a very special place in the simply
• 51:20
  Bitcoin lore. This is where Nico and I met in
• 51:23
  the flesh for the first time. We've been chatting on Twitter
• 51:26
  and Discord and Telegram for years, and then we finally hung
• 51:31
  out at Bitblock. Boom.
• 51:32
  This is a very special conference for us and it's a
• 51:34
  small conference that means you can hang out with the whole
• 51:37
  Simply Bitcoin team, all of your favorite bit corners, but really
• 51:40
  make beautiful connections with other bit corners.
• 51:44
  Just really down to earth bit corners.
• 51:46
  Some of my favorite bit corners I I met out of this and they're
• 51:50
  like my family now. So make sure you get to Dallas,
• 51:53
  TX April 3rd through April 6th for a bit block boom.
• 51:57
  And of course, if you're trying to stack some more stats, we
• 51:59
  will be streaming this live on our channel.
• 52:02
  So you're not going to miss any of the content, but you're going
• 52:04
  to miss the very special environment, the very special
• 52:07
  vibe of being in Dallas, TX. All right now moving forward,
• 52:12
  I'm going to just pull up your YouTube here.
• 52:14
  We'll plug this in the beginning, Mauricio.
• 52:17
  So Mauricio, fellow content creator Mr. M podcast.
• 52:20
  But before before we get into the content and the conversation
• 52:24
  that I want to talk about, let's just, you know, kind of drop
• 52:28
  some context here, bro. You've been in Bitcoin for 12
• 52:31
  years. Absolutely incredible.
• 52:34
  So just kind of to pick your brain a little bit.
• 52:37
  Let's talk about maybe start with your Bitcoin rabbit hole
• 52:40
  journey and then the progression that you've seen Bitcoin take in
• 52:44
  the last 12 years of your life. Well, first of all, thank you.
• 52:48
  Thank you for showing my, my YouTube.
• 52:50
  Really happy to be here with you guys again.
• 52:52
  So yeah, everything started. I was in London.
• 52:54
  I was born in Italy, north side of Italy near Lake Como.
• 52:57
  But I've travelled a lot. I'm 50, I lived 30 years abroad.
• 53:00
  So I've been in places. And when I was in London in
• 53:03
  2013, my brother, which has been my my North star for my entire
• 53:07
  life, said, hey, we need to buy this Bitcoin thing.
• 53:09
  And I was like, dude, whatever man, take some money, let's
• 53:11
  invest them. And we kind of started by back
• 53:14
  then you could hire computing power and do mining online.
• 53:18
  So there were a bunch of companies that were kind of
• 53:20
  lending you computing power CPUs and allow it to mine.
• 53:23
  So we started like this. I didn't know what I was doing.
• 53:26
  I wanted to make money fast. I had read anything.
• 53:29
  I was hoping to double my money, as many as many other people
• 53:33
  probably buying the top. I think it was 203 dollars
• 53:36
  something in the original in 2013.
• 53:38
  We've gone to 1000. So there was a huge move there
• 53:41
  and of course when we wanted to take out our money because we
• 53:44
  wanted to basically re cash them into pounds because it was in
• 53:46
  London, British pounds, we could not access our sats.
• 53:50
  Not your keys, not your cheese, as we say, right.
• 53:52
  So first lesson was get custody. Then of course, because it's a
• 53:56
  scam, we got scammed. This is terrible because I
• 53:58
  didn't understand what I was doing and I blame the Bitcoin,
• 54:01
  whether in fact there was a third party in between me and my
• 54:04
  investment, which was the lesson.
• 54:06
  And I like to say all the time, you have to pay your tuition.
• 54:10
  It doesn't matter how, it doesn't matter when, it doesn't
• 54:12
  matter what. At some point this thing is
• 54:14
  going to test you and you have to pay your tuition.
• 54:16
  So it's better to pay it in the beginning than in the end
• 54:19
  because this thing is going up, right?
• 54:21
  It's going up forever, Laura. So the sooner you pay the
• 54:24
  tuition, the cheaper the battery.
• 54:26
  So that was kind of my my entrance into the Bitcoin.
• 54:30
  I wanted to make money fast. I didn't know, I didn't study, I
• 54:32
  didn't do my work. And we started mining, which was
• 54:36
  a thing back then. Now mining is barely profitable
• 54:39
  and the business has shifted. And in terms of adoption, a lot
• 54:43
  has happened, man. I mean the fact that we have
• 54:45
  people on YouTube talking shows, you guys, books, you know,
• 54:48
  conferences, Oh my God, the old thing has gone still, like you
• 54:53
  said in echo chamber, we are a small bubble, but it's gone way
• 54:57
  more than back then, right? I mean, still, if you talk to
• 55:01
  some normie and if you say you are all in like I am, I'm all in
• 55:05
  in Bitcoin. Literally I leave in Dubai, I
• 55:06
  pay no taxes, I'm all in in Bitcoin.
• 55:08
  I have next to no Fiat or DRAM as we call it here as a
• 55:11
  currency. And when I speak to all people
• 55:13
  that think I'm completely crazy, and maybe I am, but still early,
• 55:17
  but a lot has happened. It's becoming more easy to
• 55:20
  access. There is so much more education.
• 55:22
  There is people talking about it.
• 55:23
  There is like, I mean, I don't call Trump a Bitcoin president.
• 55:27
  I call him a crypto president, which is different.
• 55:29
  The only crypto, the only Bitcoin president is Boo Kelly,
• 55:32
  if you ask me. But we have a bunch, we have
• 55:35
  people in parliament. So a lot has a lot has happened
• 55:38
  and a lot will happen in the next decade.
• 55:40
  I think it's going to propel us to to the moon, literally.
• 55:43
  So it's been a journey, not a straight line like the Bitcoin
• 55:47
  chart, you know, up and down, up and down a lot of learning, a
• 55:49
  lot of lessons and I think I will still learn until I breathe
• 55:52
  right. This is something you will do
• 55:54
  until the day you die. So I'm not an expert by any
• 55:57
  means. I'm here I show up every day.
• 55:59
  I do what I love and become allow me to be free right.
• 56:02
  So it's been an interesting journey.
• 56:04
  I've seen my network vaporize itself.
• 56:07
  I mean I've never sold a single Satoshi.
• 56:09
  Actually, fun fact, since I, I went in, so it's, and it's been
• 56:13
  a ride. When you see, I know it's, you
• 56:16
  know, they say seeing there and going that is different.
• 56:19
  But when you, when you look at your Bitcoin stock into a bear
• 56:22
  market, it's cold. It's not easy.
• 56:26
  So now I got used to it. It's been over a decade, so I'm
• 56:29
  fairly comfortable in not checking My Portfolio every day.
• 56:31
  I actually do the math every cycle.
• 56:33
  But it's it's been an interesting journey, that's to
• 56:36
  say the least. Well, I, I, I have actually have
• 56:40
  a few questions there, but the first one is, is just kind of a
• 56:45
  playful question because I know a lot of people that are in
• 56:48
  Bitcoin for a long time, or rather people that are in
• 56:51
  Bitcoin new, that are new to Bitcoin, they check the price of
• 56:54
  Bitcoin a lot. So as an OG, do you check the
• 56:57
  Bitcoin price? Well of course I I like the
• 57:00
  Bitcoin price to go up, but if you do compare your Bitcoin in
• 57:05
  dollars I think you're missing the point.
• 57:06
  Like the game should be stuck as many SAT's as you can right?
• 57:10
  And of course I do I I have it in my wallet every now and then.
• 57:13
  I don't store anything by the way in my wallet in my phone.
• 57:16
  But I do check the price every now and then.
• 57:17
  And when we broke 100K it was obviously celebrating.
• 57:20
  It was waiting forever for the 100 Ki was actually expecting
• 57:23
  the cycle before, but it didn't happen.
• 57:24
  So I was very happy. But I think the best you can do,
• 57:27
  I mean that's that's seem to be working for me.
• 57:30
  Do the math every cycle. So you stack like a crazy maniac
• 57:34
  for four years and then whenever we correct into the bear market,
• 57:38
  which I think is going to be much more gentle, I don't think
• 57:40
  we will see a 70% correction. No chance.
• 57:43
  More lower. Hot take.
• 57:44
  Hot take. Then you do the math and you
• 57:47
  say, OK, I've been buying my my Sats, I've been stacking.
• 57:50
  I buy every week, every Friday. I dollar cost average in for
• 57:53
  whatever I have coming in from from my side hustles, but I'm
• 57:56
  I'm getting paid in Bitcoin. I store my my money in Bitcoin.
• 57:59
  So I actually find it funky to deal with the banks because I,
• 58:03
  you know, I'm not used to it anymore.
• 58:05
  But then you have to plug in in your life.
• 58:07
  So how do you pay rent? How do you pay bills?
• 58:08
  Either a motorcycle. How do I buy petrol?
• 58:10
  So you need to have some sort of a Fiat in your in your life.
• 58:13
  So funny enough for me it's the other way around.
• 58:15
  So I have to consider my Fiat spending, right, which a normal
• 58:19
  person probably have the opposite problem.
• 58:21
  They maybe make Fiat from their job and they have to think about
• 58:23
  their dollar cost average into Bitcoin.
• 58:25
  But mine is, it's the opposite. But I know I don't.
• 58:29
  I don't check and I don't think it's healthy.
• 58:30
  I think you should just enter into a long term prospective
• 58:33
  saying OK for the next 10 years. I'm just talking as much as I
• 58:37
  can and then I'll do the math. So check every 10 years if you
• 58:40
  can. It would be much healthier.
• 58:43
  Love it. Love it.
• 58:44
  Yeah, I, I, I joke, I jokingly say it on the show all the time.
• 58:48
  I never checked the Bitcoin price.
• 58:50
  And then everyone's like, but Opti, you literally say the
• 58:53
  Bitcoin price every single day. Like, what are you talking
• 58:55
  about? Like which one is it?
• 58:56
  Do you check the Bitcoin price or do you not because you do it
• 58:59
  every day, but I really don't check the price too much.
• 59:01
  I kind of just follow sentiment on Twitter.
• 59:03
  And then of course I do it for my job.
• 59:05
  I, I do it for you guys here. But Mauricio, I do want to ask
• 59:09
  you and, and there's a lot of stuff that we want to touch on,
• 59:11
  but we're we're kind of a little little.
• 59:14
  Early today, so we'll we'll keep the conversation going.
• 59:16
  But I really want to dig your, your brain here because you did
• 59:21
  say something very interesting that you think the Bitcoin price
• 59:24
  or rather this bear market that we potentially will see 2026
• 59:27
  isn't going to be as volatile as the past.
• 59:29
  So kind of talking about cycle theory, maybe what do you expect
• 59:33
  to see 2025? I know you said it earlier and
• 59:36
  then maybe unpack that a little bit for the people out there.
• 59:39
  Why do you think we aren't going to get a 7080% correction on
• 59:43
  Bitcoin? Because I, I kind of have a
• 59:44
  similar thought, like I, I'm kind of feeling the same vibe
• 59:47
  that this bear market, you know, potentially I don't, I don't
• 59:50
  want to go full super cycle here for everyone because I get
• 59:52
  yelled at when I do that. But I'm also feeling the same
• 59:57
  type of feeling that this bear market that we are potentially
• 1:00:01
  going to see 2026 isn't going to be as volatile as bear markets
• 1:00:05
  we've seen in the past. Maybe that just means a 50%
• 1:00:08
  correction. Obviously that's going to hurt,
• 1:00:10
  but I I'm kind of feeling the same way that I don't think.
• 1:00:14
  7080% corrections are a thing anymore, but I'd like to hear
• 1:00:18
  your reasoning for that. Yeah.
• 1:00:21
  I mean by the way, I'm speculating as much as anybody
• 1:00:23
  else. I have no way to see the future.
• 1:00:25
  I mean, I wish actually no, because it's it's nice to be
• 1:00:28
  surprised. But anyway, I do think we will
• 1:00:30
  we will see a softer correction because we are going up less
• 1:00:34
  like diminishing return as well as diminishing losses supposed
• 1:00:37
  to be a thing like if we're going up less, we should go down
• 1:00:39
  less. Also, let's not forget that last
• 1:00:42
  year January 10th changed the bicone ecosystem forever with
• 1:00:45
  the ETF. Now we have players even though
• 1:00:48
  80% of ETF is still retail. So retail is here shocker in a
• 1:00:52
  different form. I do believe that they will keep
• 1:00:55
  the price in a certain range, right, because there is no, I
• 1:01:00
  mean, this is my opinion. Of course, I could be wrong, you
• 1:01:02
  can clip me. But I think we will see a softer
• 1:01:04
  correction for these two reasons.
• 1:01:06
  One, we are going up less, which means we should go down less.
• 1:01:09
  And if you look at the price over the past forever since
• 1:01:12
  Bitcoin was was ignited, you can see that we diminished indeed
• 1:01:17
  returns both ways. So it's becoming softer.
• 1:01:20
  I think the one before was 70, the one before it was 80.
• 1:01:22
  So there's a nine to 12% diminishing into the
• 1:01:25
  corrections. But also like I said, we're
• 1:01:27
  going up less ETFs. There is different players and
• 1:01:30
  whoever buys Bitcoin now like retail is more kind of volatile
• 1:01:36
  if you let me say, because you know when we buy something and
• 1:01:39
  it double s, OK, we are more keen to sell it.
• 1:01:42
  But when institutions goes in, when pension funds they're
• 1:01:44
  going, they probably have a longer time frame, right?
• 1:01:46
  So I think we see less volatility.
• 1:01:49
  Super cycle is a fantastic one. Every cycle is the, this is my
• 1:01:53
  4th every cycle. Everyone's saying super cycle,
• 1:01:55
  super cycle. Eventually it will happen.
• 1:01:57
  It will happen eventually. Wait wait wait.
• 1:01:59
  One day we will meme the Super cycle.
• 1:02:01
  Until then, we're wrong. 100% And even though the cycles are
• 1:02:07
  quote always the same, they differ a little bit like if you,
• 1:02:10
  if you compare 2017 to where we are now, funny enough, the price
• 1:02:13
  there is a chart now flying around next and there are some
• 1:02:16
  similarities. There are some things in common,
• 1:02:18
  but I don't think we'll mimic entirely because that will take
• 1:02:21
  us to, I don't know $10 million, which hey, I mean I'll be happy,
• 1:02:23
  but I don't think, I mean I'm bullish, but I'm not that
• 1:02:25
  bullish. I don't think we're going to go
• 1:02:27
  and flirt with gold in terms of market cap this cycle.
• 1:02:30
  We will eventually surpass gold, yes, but that's 18 trillion and
• 1:02:33
  we are about two trillion now. So I think we have a long way
• 1:02:35
  maybe next cycle in the next 10 years or so.
• 1:02:39
  So I think we see a a softer also so far if you count
• 1:02:42
  corrections, I think the biggest was 28, whether in 2017 we
• 1:02:46
  don't, we've corrected 40% and I remember it, I remember checking
• 1:02:50
  My Portfolio and I think in the matter of 12 hours, we lost
• 1:02:54
  stupid amount. So it's becoming more
• 1:02:57
  stabilizing, right, which also what happened to gold.
• 1:03:00
  I think the ETF was launched in 2014, I think it was August 2014
• 1:03:03
  and when they launched the ETF on gold, we kind of seen the
• 1:03:06
  same thing. We kind of went bananas for a
• 1:03:08
  bit and then it kind of stabilized.
• 1:03:09
  So overall, I think I think we will see a softer cycle that's
• 1:03:14
  for sure, potentially a 202026 extension in Q1 and Q2 for when
• 1:03:18
  it comes to the top. OK, awesome, awesome.
• 1:03:22
  Chris, send me a chart right now.
• 1:03:25
  Chime in here and I'll pull up the chart.
• 1:03:27
  I'm gonna be contrarian. I think we're gonna see an 80%
• 1:03:30
  drawdown or more. So this is the chart, the
• 1:03:33
  infamous chart of Weimar Germany, obviously priced in
• 1:03:35
  German marks. This is the price of gold
• 1:03:38
  relative to that. The red is the rate of change of
• 1:03:40
  those oscillations of when hyperinflation was incurring.
• 1:03:44
  So obviously this is a microcosm, a microcosm.
• 1:03:46
  But you know, our favorite economist such as the Paul
• 1:03:49
  Krugman's or the FEMA, whoever tell us like, oh, the US can't
• 1:03:53
  hyperinflate because we're the world reserve currency, yadda,
• 1:03:56
  yadda, yadda. It's never going to be the
• 1:03:57
  dollar because we're the best, blah, blah, blah, blah.
• 1:03:59
  I think that, yeah, we may not see it this cycle, but things
• 1:04:03
  are only going to get more crazy.
• 1:04:04
  And I say that not because Bitcoin is insane and
• 1:04:07
  volatility, it's because Fiat is insane and volatility.
• 1:04:10
  Look at the oscillations at the very end there like you know the
• 1:04:13
  oscillations are getting. Bigger getting bigger, getting
• 1:04:14
  bigger. Yeah, it's like they're getting
• 1:04:16
  bigger. Like when you look at 1917 to
• 1:04:18
  about like I guess in between 1917 and 1920, the oscillations
• 1:04:21
  are big, but they're not gigantic.
• 1:04:23
  In the last couple years as it's hyperinflating relative to gold,
• 1:04:26
  you're seeing these massive isolations, oscillations.
• 1:04:29
  So I would say that I don't like, I agree.
• 1:04:32
  Like there's a lot of things backstopping it, but I could see
• 1:04:35
  like this whole House of Cards that we talk about like one
• 1:04:37
  Bitcoin is one Bitcoin. That's true in the Bitcoin
• 1:04:39
  system. But when you abstract it to
• 1:04:41
  Fiat, which Fiat, the price of the price of Bitcoin in Fiat is
• 1:04:44
  a Fiat abstraction. Like it, the Bitcoin network
• 1:04:47
  doesn't care, doesn't know, doesn't give it give a damn what
• 1:04:49
  it is. That's basically just on
• 1:04:50
  exchanges, like the buy and sell orders.
• 1:04:52
  I think over time we're going to see crazy oscillations and like
• 1:04:56
  even the most hardened Bitcoiners and Bitcoin Maxis
• 1:04:59
  that are like, oh, I've seen a set 80, you know, 7080%
• 1:05:01
  drawdown. They're getting less.
• 1:05:02
  I think they will get worse at one point.
• 1:05:04
  I do think a lot of other Fiat currencies need to collapse in
• 1:05:07
  order for that to officially happen to the US dollar.
• 1:05:10
  But I think it's not if it's when you know, obviously, you
• 1:05:13
  know, Jeff Booth and Lawrence Leopard and a lot of our, you
• 1:05:17
  know, wiser older bitcoiners that give us wisdom, say
• 1:05:22
  obviously they hope for a more peaceful transition from the
• 1:05:25
  Fiat system into the Bitcoin system.
• 1:05:26
  And that's obviously what we do here, try and help people learn.
• 1:05:29
  But I do think like I, I worry that bitcoiners get caught off
• 1:05:33
  guards and the way that I could easily see this happening is so
• 1:05:37
  blackrocks now into Bitcoin, Fidelity's now into Bitcoin.
• 1:05:39
  Obviously Coinbase is the back of all this.
• 1:05:40
  We've got like banks with Saab 121 just getting repealed, you
• 1:05:44
  know, last week via via executive order from President
• 1:05:47
  Trump. Like if you don't think the D
• 1:05:49
  Jens of D Jens who caused the 2008 financial crisis, who
• 1:05:52
  benefited from the 2020 financial crisis, If you don't
• 1:05:55
  think these mother fuckers are going to take leverage and get
• 1:05:57
  off sides and then need the banks to bail them or the the
• 1:06:00
  Federal Reserve and and central banks to bail them out.
• 1:06:02
  I got another thing coming for you guys.
• 1:06:04
  So I don't know. I, I do think that like over the
• 1:06:06
  long run, we will see like the price keep going up over time in
• 1:06:09
  Fiat, obviously. And like I do think the cycles
• 1:06:11
  are getting muted, but just when everyone thinks that's what's
• 1:06:14
  going to happen, Bitcoin causes the most amount of pain or the
• 1:06:16
  markets cause the most amount of pain.
• 1:06:18
  So I just worry that like, you know, oh, we've never been, you
• 1:06:21
  know, below a previous all time high before that was broken in
• 1:06:24
  the last cycle. And it's like, oh, we've never
• 1:06:26
  seen, you know, less than a 70% or, you know, the 75% drawn
• 1:06:29
  instead of 80 or 85. Like I worry that like it may be
• 1:06:32
  a flash crash, but like that's enough to liquidate people or
• 1:06:35
  get people to panic or get people to sell their Bitcoin
• 1:06:37
  because they think they need to be back in Fiat only for the
• 1:06:39
  money printers to turn back on or people start leveraging up.
• 1:06:42
  And then we just see the cycle like recorrect the opposite the
• 1:06:45
  other way. I don't know not not to call you
• 1:06:46
  guys out, but that's just what I can see.
• 1:06:48
  Like I don't want to be caught offsides in any way if that.
• 1:06:51
  Makes sense. Well, no, I mean not, you know,
• 1:06:53
  not to be the contrarian here, Chris so that that you are doing
• 1:06:56
  on today's show, but I think this is this is very healthy for
• 1:07:00
  a lot of Bitcoiners and and new entrants in the Bitcoin space to
• 1:07:04
  understand. It's like, look, we can all look
• 1:07:07
  get something very similar and have different views and there's
• 1:07:09
  a lot of different, you know, again, going back to the Nobel
• 1:07:12
  Prize winning economist over here, there's a lot of theories
• 1:07:15
  that we still have yet to seen play out and we're in the midst
• 1:07:18
  of all of this stuff happening in real time.
• 1:07:20
  So we can look backwards and try to get a map of where we're
• 1:07:24
  going, but really none of us understand, or rather none of us
• 1:07:28
  know what is actually going to happen.
• 1:07:30
  We can make our bets. We can kind of understand based
• 1:07:33
  on historical precedent, what's going to happen whether it's in
• 1:07:36
  Bitcoin or or other hyperinflating currencies, but
• 1:07:40
  the the message still remains the same.
• 1:07:42
  We don't know what's going to happen, hence why we think it's
• 1:07:46
  the best strategy to just continue to stack Bitcoin, take
• 1:07:49
  it into custody, don't go out there and trade and try to get,
• 1:07:53
  you know, a bunch of yield on your Bitcoin, whatever that
• 1:07:56
  actually means. It's like the safest bet while a
• 1:07:59
  currency is hyperinflating is just holding the hardest asset,
• 1:08:02
  saving in the best money period. This is how you win long term.
• 1:08:06
  And this is what we try to tell everyone every single day.
• 1:08:09
  Yeah, jump in, Chris. And then I want to pick
• 1:08:10
  Mauricio's brain a little more. Yeah.
• 1:08:12
  And like I said, like I think still the best strategy at that
• 1:08:15
  time is like they'll be great opportunities.
• 1:08:17
  It's just, you know, what you bring home in terms of income
• 1:08:20
  or, you know, investments or whatever like that.
• 1:08:23
  Like keep your expenses lower than the amount of money you
• 1:08:25
  bring in every month, every week, every two weeks, whatever
• 1:08:27
  it is, you know, save the rest in Bitcoin.
• 1:08:29
  But like, I just worry about some people with like, I know
• 1:08:32
  there's a caveat this because there's this yield leverage
• 1:08:36
  products coming. So I worry that people like
• 1:08:38
  we're going to the moon, it's going to be smooth sailing.
• 1:08:40
  And it's like you get caught off sides with a 70 percent, 80%,
• 1:08:43
  maybe a 90% drawdown. I'm not saying that will happen,
• 1:08:45
  but just stay humble. Stack stacks spend like save
• 1:08:48
  more than you spend and you'll be in a good spot.
• 1:08:52
  Yeah, totally. OK.
• 1:08:53
  I do want to pay for the combo a little bit because Mauricio did
• 1:08:56
  say something during the show that he said he wanted to talk
• 1:09:00
  about before the show. And it was you saying that Trump
• 1:09:04
  is the first crypto president, not the first Bitcoin president.
• 1:09:08
  And you wanted to kind of unpack the whole digital asset
• 1:09:11
  stockpile. And then I'm going to transition
• 1:09:13
  that into the fact that you worked with a lot of the crypto
• 1:09:17
  influencers, content creators, and we're going to separate
• 1:09:20
  Bitcoin from crypto. So let's first start with the
• 1:09:22
  digital asset stockpile. What's your take on all that?
• 1:09:25
  And then maybe we'll do a little bit of dismantling Bitcoin from
• 1:09:28
  crypto. Yeah, sounds good.
• 1:09:30
  I mean, I mean, Trump has launched a bunch of three, I
• 1:09:33
  think NFD collection in the past.
• 1:09:35
  So we knew he had Ethereum in his portfolio and we knew what
• 1:09:38
  he was doing. Obviously.
• 1:09:40
  Obviously, I was not expecting a meme coin.
• 1:09:43
  That's clearly something else, but I think it's getting
• 1:09:47
  interesting specifically for the XRP people out there that they
• 1:09:50
  are calling a potential digital stockpile.
• 1:09:53
  If I remember correctly, I think one of the two founder in XRP
• 1:09:58
  gave money to Kamala and he was kind of pushing for her to win.
• 1:10:01
  So I'm not expecting Trump because he I think he remembers.
• 1:10:06
  But hey, I'm just speculating, of course.
• 1:10:09
  What's interesting is the digital stockpile because the
• 1:10:11
  Cryptosara, he's heavily involved into Solana, right?
• 1:10:14
  As we all know, there are a bunch of threads on Twitter,
• 1:10:17
  super interesting. They showcase why he's involved
• 1:10:20
  in Solana and why he believed in Solana so much.
• 1:10:22
  So I think there is going to be definitely a play.
• 1:10:26
  I mean, crypto is not going anywhere, sadly.
• 1:10:28
  It's going to stay. They're going to build the
• 1:10:30
  casino is going to keep gambling, of course.
• 1:10:34
  And I think I don't know what to expect, to be honest.
• 1:10:36
  I also would like to pick your, your guy's brain and see what
• 1:10:39
  you expect. I think Bitcoin is going to be
• 1:10:41
  the safe bath. I mean, if a state comes in with
• 1:10:45
  a pension fund, I don't think they're going to go and buy
• 1:10:47
  Solana. But there might be like as much
• 1:10:50
  as we're seeing with the ETFs, a bunch of index, right?
• 1:10:52
  So you can see ETF has been launched on Bitcoin first, then
• 1:10:55
  Etherium came in. Now you have a Solana, you have
• 1:10:57
  Dodge Coin, you have you have XRP.
• 1:11:00
  So we will see product in the market because people are
• 1:11:02
  greedy, because people want to gamble, people have to generate.
• 1:11:06
  So sadly, I don't think we'll be able to get rid of crypto
• 1:11:08
  entirely. But when it comes to stockpile,
• 1:11:12
  I mean, I like to think that it's not going to happen, but
• 1:11:15
  there might be a portion into some sort of an index where they
• 1:11:18
  throw in a bunch of different assets.
• 1:11:20
  That would not surprise me to be honest.
• 1:11:22
  But the mean coin launch was on a crypto ball night was kind of
• 1:11:27
  hilarious to be honest, because I have not seen that coming,
• 1:11:30
  that's for sure. Yeah.
• 1:11:31
  And then just to kind of answer your question before I move
• 1:11:34
  forward, my kind of view on this is considering everything you
• 1:11:39
  just said, I kind of feel, and I actually been joking about this
• 1:11:43
  on the show for the last couple of weeks, is maybe Gary Gensler
• 1:11:47
  was a good guy here. You know, maybe Gary Gensler was
• 1:11:49
  holding back the shit coin away. You know, maybe we were a little
• 1:11:52
  too harsh on Gary Gensler because maybe he was secretly a
• 1:11:55
  Bitcoin maxi and knew that everything else was a security
• 1:11:58
  and a shit coin. And yet now that he's gone, it
• 1:12:01
  looks like we're we are going to get a pro.
• 1:12:04
  And and I say this for a reason, pro crypto regulations in the
• 1:12:09
  US, which to me means that we are probably going to see some
• 1:12:13
  form of unleashing of capital into the shit coin market.
• 1:12:17
  So even though, as I showed earlier, we're seeing Bitcoin
• 1:12:20
  decoupled from the crypto markets, it seems like Chris was
• 1:12:23
  saying, you know, Wall Street is coming in here.
• 1:12:25
  The biggest D gens on the world are coming in here.
• 1:12:28
  So that just means that the D Gen. markets are probably at
• 1:12:31
  some point will explode. But with that, I think it's
• 1:12:35
  going to come just cover for Bitcoin to succeed.
• 1:12:38
  So if you know, if we're in a different, there's a paradigm
• 1:12:41
  here where Bitcoin and crypto quote, UN quote are all lumped
• 1:12:46
  up into the same kind of regulation, or rather, you know,
• 1:12:49
  free for all here, then I think Bitcoin will win on its own
• 1:12:52
  merits, obviously, as as the Bitcoin network does, of course,
• 1:12:56
  censorship, censorship resistant, permissionless hard
• 1:13:00
  cap of Bitcoin, you know, 21 million hard cap meme, the
• 1:13:04
  biggest liquid market, biggest saleable asset and good in the
• 1:13:08
  market, the superior hash rate of everything else, the fact
• 1:13:12
  that it's proof of work. Like I think all of this stuff
• 1:13:14
  will play out on the market and people will inevitably trend
• 1:13:18
  towards Bitcoin. So as much as I am feeling a
• 1:13:22
  little dirty that we're going to see a a new wave into shit coin,
• 1:13:26
  I think bitcoins going to win. And all we really need as
• 1:13:29
  Bitcoiners is just for the government and the regulators
• 1:13:31
  and everyone to just kind of get out of our way and let Bitcoin
• 1:13:35
  do what it does, let Bitcoin entrepreneurs do what it does.
• 1:13:37
  So as long as we're not really put in cages for just being
• 1:13:41
  Bitcoiners, I think Bitcoin will win.
• 1:13:43
  So yeah, I'm I'm kind of feeling and seeing the same thing that
• 1:13:47
  you are seeing where it's like, yeah, it looks like we're going
• 1:13:49
  to get a unleash of degeneracy in the quote UN quote crypto
• 1:13:54
  markets. But with that just means that
• 1:13:56
  Bitcoin is going to, you know, basically have the cover of of
• 1:14:00
  all the shit coins. And then to one more of your
• 1:14:02
  point before I let Chris chime in on this, I think the one of
• 1:14:05
  the biggest things that people are missing is this idea that
• 1:14:09
  like, yeah, even if there is a quote, UN quote, digital asset
• 1:14:13
  stockpile, meaning there is, you know, shit coins kind of lumped
• 1:14:16
  into the stockpiles. People like pension funds and
• 1:14:19
  nation state and the more conservative institutional asset
• 1:14:24
  managers, they don't want risk. They don't want the volatility
• 1:14:28
  and the uncertainty of holding a shit coin.
• 1:14:30
  They just want something that they know is going to be stable,
• 1:14:34
  reliable, goes up in value. And the only thing that fits
• 1:14:38
  that metric is Bitcoin. So I think we will be seeing a,
• 1:14:43
  a trend and consolidation into Bitcoin or rather trend of
• 1:14:47
  consolidating capital into Bitcoin just because Bitcoin is,
• 1:14:51
  you know, as I always say, like Bitcoin is my stable coin.
• 1:14:54
  It is the most stable thing in the world right now and
• 1:14:57
  everything else is volatile against Bitcoin.
• 1:14:59
  And so I think the market will figure this out.
• 1:15:01
  I'm not going to go for efficient market, you know,
• 1:15:05
  hypothesis here, but I think at the very end of the roads, all
• 1:15:09
  markets lead to Bitcoin. And so, yes, it looks like we
• 1:15:11
  might be seeing a wave of degeneracy coming to America,
• 1:15:16
  free market, may I say, in the crypto markets, but I think all
• 1:15:20
  capital will trend into Bitcoin. But Chris, chime in here.
• 1:15:23
  And then I want to get Mauricio, since you do well, you know, I'm
• 1:15:26
  kind of, I'm kind of teasing you a little bit.
• 1:15:28
  You have worked with a lot of big crypto content creators.
• 1:15:31
  So we'll do a last Bitcoin versus crypto breakdown and then
• 1:15:35
  we'll plug Nico's episode on the show for you.
• 1:15:37
  But Chris, what's your thoughts on this idea of the first crypto
• 1:15:41
  president versus the first Bitcoin president?
• 1:15:44
  I mean, I think, you know, show me the show me what you do and
• 1:15:48
  not what you say. And I think that that's spot on
• 1:15:50
  with him being crypto president. Yeah, he'll be favorable for
• 1:15:52
  Bitcoin and crypto. But obviously dropping a meme
• 1:15:54
  coin two days before inauguration, I'll add one more
• 1:15:57
  thing off you before I send it back to you.
• 1:15:59
  But like the degens are going to degen and like if you don't
• 1:16:01
  think Wall Street will trade Doge or, you know, anything
• 1:16:04
  under the sun with a name, yeah, they'll definitely let you buy
• 1:16:08
  the long or, you know, buy the asset charge you interest on
• 1:16:11
  doing it or, you know, a spread or APR and then they'll take the
• 1:16:14
  short. And so that way if it crashes,
• 1:16:16
  they cover themselves. So these the degens will degen
• 1:16:19
  and they love making money just as much as anyone else.
• 1:16:22
  But I think they're really Fiat Max is at the end of the day,
• 1:16:24
  but they will too come to being on a Bitcoin standard one day.
• 1:16:27
  Stats are the standard. Yeah, actually I think you, you
• 1:16:31
  made a good point there, Chris, where the people that have
• 1:16:34
  financialized the world and overly complicated the financial
• 1:16:38
  world are going to do something very similar in in the shit coin
• 1:16:42
  land where they, you know, they're going to pump, pump
• 1:16:44
  their shit coin bags. But on the back end, they're
• 1:16:47
  going to be hedging against their shit coin bags, which
• 1:16:50
  means they win either way. You know what?
• 1:16:52
  I. Mean he's not going to
• 1:16:53
  understand what the hell is going on and they're just going
• 1:16:55
  to get wrecked. Heads I win, tails you lose.
• 1:16:58
  That's the way they play by yeah.
• 1:16:59
  They'll sell it to you, they'll charge you interest on it, and
• 1:17:01
  then they'll take the short. So if it crashes, they cover
• 1:17:03
  themselves. So yeah, that's the way it's
• 1:17:05
  going to be. It's inside.
• 1:17:07
  It's alright. Alright, Marie, so let's get
• 1:17:09
  into the topic of Bitcoin, not crypto because we have, we have
• 1:17:13
  a, we have a friend on Rumble that, that usually says all
• 1:17:17
  crypto will be controlled. And we, we're always trying to
• 1:17:19
  educate him, but he hangs out with us anyways constantly.
• 1:17:23
  And he's a, he's a cash maxi. You know, he's a cash maxi and
• 1:17:26
  he's like all crypto will be controlled.
• 1:17:28
  Bitcoin is crypto. So what would be your response
• 1:17:30
  to people and maybe new entrants into the space trying to
• 1:17:33
  separate Bitcoin from crypto? Well, I mean, clearly if you say
• 1:17:37
  the Bitcoin is crypto, you understand either right, because
• 1:17:40
  Bitcoin is not crypto. But it's interesting because you
• 1:17:45
  know, Bitcoin runs in proof of work and and the first work you
• 1:17:47
  have to do is study, right. And it doesn't take it doesn't
• 1:17:51
  take much. You just need to one thing.
• 1:17:52
  I mean, I think I think Michael Silver says I don't I don't talk
• 1:17:55
  to anyone who spent less than 100 hours.
• 1:17:57
  I think he is in study Bitcoin because Bcon is the only one is
• 1:18:01
  decentralized. There's no CEO, there's no
• 1:18:03
  company. It's we don't even know who the
• 1:18:05
  founder is so decentralized completely.
• 1:18:08
  It's funny when people talk about decentralization, it's
• 1:18:11
  it's an interesting topic because many chain claim to be
• 1:18:14
  decentralized and then you have to fill in a KYC form to run a
• 1:18:18
  node. So it's getting funny and
• 1:18:21
  interesting quite quick, but I don't I don't put them together.
• 1:18:24
  I think it's potatoes and apples.
• 1:18:26
  The fact that we have Bitcoin doing his own thing on one side
• 1:18:29
  and in fact you have Solana, XRP, Cardano, they're doing
• 1:18:32
  other stuff. They don't even compete one
• 1:18:33
  another, right? But I think it makes sense if
• 1:18:36
  you're someone who understand literally nothing, you put them
• 1:18:38
  in the same basket. But then as soon as you enter
• 1:18:40
  your journey, start studying these beautiful asset, which is
• 1:18:43
  Bitcoin, you don't understand fairly quickly that it's it's
• 1:18:47
  running his own league, right? And everything else has been a
• 1:18:49
  test net for Bitcoin. I think that's all I like to see
• 1:18:52
  it and of course we will never be able to get rid of crypto.
• 1:18:55
  Crypto will play a role in our society like you or not.
• 1:18:59
  But when it comes to store your money, store your wealth, I
• 1:19:01
  think you have to study Bitcoin. There is a bunch of fantastic
• 1:19:04
  books out there. There is plenty of podcasts, but
• 1:19:06
  like your videos that you produce every every week and so
• 1:19:10
  do you just need to put time into it and understand where the
• 1:19:13
  where they differ because they are fundamentally offer
• 1:19:16
  different propositions, right. And crypto is interesting
• 1:19:19
  though, because in crypto you can go and Peach because
• 1:19:22
  everything is going to take you to Bitcoin one way or another.
• 1:19:25
  Because if you are a degenerate gambler who wants to make a lot
• 1:19:27
  of money fast, AKA a crypto degenerate, you will soon
• 1:19:31
  encounter Bitcoin because if you store your wealth into other
• 1:19:34
  coins, you will lose everything, right?
• 1:19:36
  Or it's not going to be as valuable as Bitcoin.
• 1:19:39
  So you will encounter it. And I've been here quite a bit
• 1:19:41
  and I've seen the top ten in coin Gecko in coin Market cup.
• 1:19:44
  And there's only one number one. And every cycle, ah, this cycle,
• 1:19:48
  Ethereum is going to flip a coin.
• 1:19:50
  This cycle, XRP is going to flip Solana, the Ethereum killer, the
• 1:19:53
  Cardano killer. They are fighting for something
• 1:19:56
  else, right? Whether Bitcoin is king is
• 1:19:58
  number one has been #1 forever. And I think he's going after
• 1:20:02
  gold, right? That's how I'd like to place
• 1:20:04
  them so. I think it's fundamental to
• 1:20:07
  understand the difference in between both, and I think we
• 1:20:10
  need crypto because crypto is going to convert a lot of people
• 1:20:12
  into Bitcoin. Yeah, the fastest way to being a
• 1:20:16
  Bitcoiner is by getting wrecked in shit coins.
• 1:20:19
  This is a tried and true way to become a Bitcoin maxi.
• 1:20:22
  But Chris actually dropped a good comment in the chat.
• 1:20:25
  But before you drop that, Chris, I I like to think of it like all
• 1:20:28
  shit corners are Bitcoiners, but Bitcoiners aren't shit corners
• 1:20:32
  as as you've seen constantly. If you've been in the space for
• 1:20:35
  a while and there's a lot of memes to say, you know, shit
• 1:20:38
  coins are designed to steal your Bitcoin or like shit coins right
• 1:20:42
  on the on the coattails of Bitcoin or shit coiners save in
• 1:20:46
  Bitcoin, you know, like they use their their coin of choice to
• 1:20:51
  make their gains and then they transfer it into Bitcoin.
• 1:20:54
  Bitcoin is that store of value of the quote.
• 1:20:57
  Disgusting crypto industry full with scammers and frauds.
• 1:21:01
  But hey, this is still technically the Wild West here,
• 1:21:04
  so I I can't and actually shout out to my boy Nolan.
• 1:21:08
  Nolan Bauer. Yeah, Bauer.
• 1:21:10
  His new show is NBC News. That used to be the breakup.
• 1:21:13
  He would always say that the besides, the only real goal and,
• 1:21:18
  and use of shit coins is to be a Bitcoiner.
• 1:21:21
  But it's the idea that shit coins give cover for Bitcoin.
• 1:21:24
  So while legislators and regulators out there are, you
• 1:21:28
  know, basically trying to clamp down on every other altcoin,
• 1:21:32
  Bitcoin just continues to do its thing.
• 1:21:34
  It's kind of like our cover here so that, hey, you go after all
• 1:21:37
  these frauds and scam while Bitcoiners keep building and the
• 1:21:40
  Bitcoin network just keeps continuing to eat global energy,
• 1:21:43
  global capital. So maybe you know, the anyone in
• 1:21:47
  the chat that might be Bitcoin adjacent, there is a, there is a
• 1:21:50
  use case for your altcoin and it it is to make more Bitcoiners.
• 1:21:54
  So thank you very much. But Chris, drop your comment and
• 1:21:58
  then we'll plug Mauricio's podcast and YouTube so people
• 1:22:01
  can go check out his work. Yeah, so Bitcoin is a
• 1:22:04
  cryptocurrency, but cryptocurrency isn't a Bitcoin
• 1:22:06
  or isn't Bitcoin just as a square is a rectangle, but a
• 1:22:09
  rectangle isn't a square. So that's just kind of a quote
• 1:22:12
  that I always thought about. It helps me make sense of it all
• 1:22:14
  that people are like trying to compare, conflate the two.
• 1:22:17
  Yeah, and there's a Great American Huddle quote.
• 1:22:19
  Shit. Coiners love Bitcoin too.
• 1:22:21
  They just love your Bitcoin. So, you know, keep model your
• 1:22:26
  own Bitcoin and keep it in self custody and don't get tricked by
• 1:22:30
  the sparkly new gadget or buzzword or term or whatever
• 1:22:35
  crypto scam that's going on next.
• 1:22:37
  Definitely don't buy Trump coin for Melania, for Baron, for
• 1:22:40
  Eric, for, you know, all his kids coins.
• 1:22:43
  So. Well guys, someone in the chat
• 1:22:46
  is saying quit yapping and look at the Bitcoin price guys, it's
• 1:22:50
  over. Bitcoin crashed to 100 and
• 1:22:51
  KA102K. Oh my God, wrap it up boys.
• 1:22:55
  I guess the Nobel Prize winning economist was right.
• 1:22:59
  It's going to 0 as we speak this.
• 1:23:02
  Is the 90% drawdown I was talking about James?
• 1:23:04
  Get ready, it's happening. It's happening.
• 1:23:08
  Right now. If I called that, you know, I'm
• 1:23:11
  just, I get a, a Nobel Peace Prize, you know what I mean?
• 1:23:13
  Like if that's the one. Yeah, Satoshi, Satoshi prize of
• 1:23:17
  economics, but no guys, it's just an opportunity to stack
• 1:23:21
  stack Bitcoin is on sale. All right, Mauricio, I'm going
• 1:23:25
  to pull up this episode. I will drop it for people in the
• 1:23:28
  chat, but just to get people excited about this and your
• 1:23:32
  podcast, guys go to Mr. M podcast on YouTube and and there
• 1:23:37
  is an interview with our boy Nico.
• 1:23:39
  So Mauricio, plug your channel and I'll drop this link in the
• 1:23:43
  chat so people can go check it out and hear Nico yap a little
• 1:23:47
  bit. Yeah, thank you.
• 1:23:49
  That's fantastic. Yeah, we had a fantastic chat,
• 1:23:51
  super good. Like I like to talk to people.
• 1:23:54
  The podcast was a an idea came from my wife actually.
• 1:23:57
  She said can you please stop talking to me about Bitcoin
• 1:24:00
  because I can't, I can't have you anymore.
• 1:24:02
  So I decided to open up and talk about Bitcoin every now and
• 1:24:06
  then. There is a YouTuber that you
• 1:24:07
  might know from, you know, big boy all the way.
• 1:24:10
  Like I said, I work with all of them in crypto, so they're all
• 1:24:12
  friends, but I I focus mainly on on Bitcoin.
• 1:24:15
  So and it's getting deeper and deeper.
• 1:24:17
  As soon as I go forward, my my guests are you can see Linal
• 1:24:21
  then Jeff Booth, you know, like proper Bitcoiner Adam back I've
• 1:24:25
  spoken to in Amsterdam. So I'm just going to focus on
• 1:24:27
  Bitcoin for for the for the main part, which I love, you know?
• 1:24:32
  Yeah, if you haven't talked to Nolan yet, Nolan Bowerly, it
• 1:24:34
  would be a really good interview as well.
• 1:24:36
  Yeah, Nolan's a go. He's one of my favorite
• 1:24:38
  bitcoiners. He's he's great.
• 1:24:40
  Nice. Yeah, I'll definitely reach out.
• 1:24:43
  It's it's it's definitely super interesting because even though
• 1:24:46
  you've seen maybe some of these people already and you've you've
• 1:24:49
  seen some of the podcast, it it's different because when the
• 1:24:52
  host is different, you know, the argument is different.
• 1:24:54
  It's fairly organic. So we talk about, you know, all
• 1:24:57
  sorts of things that are related to Bitcoin And, and to be
• 1:25:00
  honest, I don't actually hate crypto.
• 1:25:01
  I don't hate memes. I think it's all needed.
• 1:25:03
  Like as long as you said something in the beginning, I
• 1:25:05
  couldn't agree more. As long as you know that you're
• 1:25:07
  gambling, as we say in Dubai Hallas, you know, which means
• 1:25:11
  it's it's all right. As long as you know you're
• 1:25:14
  gambling, go to the there's nothing wrong going to Vegas
• 1:25:16
  every now and then and gamble. But you have to know that you're
• 1:25:18
  gambling, right? That's that's the main thing.
• 1:25:21
  But if you are thinking to retire a bloodline with a mean
• 1:25:24
  coin, well, probably you should study Bitcoin a little bit, you
• 1:25:29
  know, so that's what I do on my podcast.
• 1:25:32
  I like to talk to people. We dive deep into the Bitcoin
• 1:25:34
  universe and we talk sometimes crypto, but like I said, mainly
• 1:25:38
  it's become the messages is education on Bitcoin.
• 1:25:42
  Yeah, no. And I mean, look, our show is
• 1:25:44
  Bitcoin only. Obviously we're simply Bitcoin.
• 1:25:47
  We only believe in Bitcoin. We only believe you guys should
• 1:25:49
  be saving in Bitcoin. But I think there is, you know,
• 1:25:53
  a use case and forgive the, the metaphor here, the analogy here
• 1:25:58
  for someone to get dirty and go talk to crypto people.
• 1:26:01
  Cuz people coming into the space are still kind of wrapped up in
• 1:26:06
  the idea of, hey, you know, Bitcoin's cool, but look at all
• 1:26:09
  these cryptos out here. And so the fact that you are
• 1:26:12
  willing to kind of reach out there, give an olive branch and,
• 1:26:15
  you know, give people the benefit of the doubt versus US.
• 1:26:17
  We're just like, no, we do not bring on any crypto people on
• 1:26:20
  this show cuz we don't want to, to push someone down the wrong
• 1:26:24
  direction. I think it's good to actually
• 1:26:26
  have some people do that, reach out and be like, look, I, I
• 1:26:30
  understand you probably think crypt does a thing.
• 1:26:32
  Well, here's a bitcoiner and a shit coiner talking and we're
• 1:26:36
  going to hash out these ideas and you know, you can make up
• 1:26:39
  your own mind here, but man, continue doing what you're
• 1:26:42
  doing. Hopefully our audience goes
• 1:26:44
  checks out the podcast with Nico.
• 1:26:47
  And actually, before I wrap it up, Mauricio, you want to do one
• 1:26:53
  last plug to the audience, or rather, what's the last thing
• 1:26:57
  you want to tell our audience? It could be about Bitcoin.
• 1:26:59
  It could just send them to your channel.
• 1:27:01
  What's the final wisdom you want to leave with everyone on the
• 1:27:04
  show today? Well, first of all, massive
• 1:27:06
  thank you to you guys for having me on the show and for you guys
• 1:27:08
  to watching and supporting simply Bitcoin, which is a
• 1:27:10
  fantastic show and channel. You should definitely subscribe
• 1:27:13
  and continue watching. I think the plot will be study
• 1:27:16
  Bitcoin right and be open. In China they say the strongest
• 1:27:20
  of the bamboo is the one who bends right.
• 1:27:21
  So even though I do like to save Bitcoin and I, I use Bitcoin as
• 1:27:26
  my saving as my bank account, I stay open, you know, I encourage
• 1:27:30
  conversation. I had a Peter Schiff on my
• 1:27:32
  channel debating with Da Vinci. I, I had a extra P versus
• 1:27:35
  Bitcoin. I will have Charles Hoskinson
• 1:27:37
  coming soon and discuss Cardano versus Bitcoin.
• 1:27:41
  We have to talk to each other, right?
• 1:27:42
  Because if you stay in your own bubble, in your own box and you
• 1:27:44
  just rant at the universe without exchanging conversation.
• 1:27:48
  These are needed for the space for us.
• 1:27:50
  There is a lot of compartmentalization as I call
• 1:27:53
  it, and and people can choose to do whatever they want with their
• 1:27:55
  money and for the free market. Like if you want to consciously,
• 1:27:58
  after you study for 100 hours, 200 hours, you want to go and
• 1:28:03
  put everything you have in XRP. I mean, who am I to stop you,
• 1:28:06
  right? You should definitely not do it
• 1:28:07
  if you ask me. But if that's something you
• 1:28:10
  really want to do, hey, dude, that's your money.
• 1:28:12
  You do what you want. So I think we have to encourage
• 1:28:15
  conversations. We have to encourage people
• 1:28:16
  talking to each other. And this is kind of always
• 1:28:20
  happening in in technology in general in the beginning that
• 1:28:22
  you reject us. I'm sure you remember
• 1:28:24
  electricity has been rejected, cars have been rejected.
• 1:28:27
  I mean, Internet itself, I remember I lived the entire
• 1:28:30
  thing. I mean, people didn't believe
• 1:28:32
  Internet would have gone much further, right?
• 1:28:34
  And it was epic. It was clear.
• 1:28:36
  But people like to stay in their own lane, have their blinkers
• 1:28:40
  on. So I encourage people to study,
• 1:28:42
  to read. Sometimes I actually proactively
• 1:28:44
  follow people I quote dislike to keep my brain engaged, right?
• 1:28:47
  Because sometimes when you surround yourself with people,
• 1:28:50
  they have the same amount of ideas, it becomes boring.
• 1:28:54
  So I like to smash them every now and then with a hammer and
• 1:28:56
  go and look for a way to always test myself, you know, say, hey,
• 1:29:01
  I am I on track here? Am I doing the right thing?
• 1:29:04
  So I think I encourage differences.
• 1:29:05
  I encourage baits. I mean, as long as they are
• 1:29:07
  polite and there's no offensiveness in the air, I
• 1:29:10
  think it's healthy. And I think people should talk
• 1:29:12
  to, you know, to each other more, even if they have
• 1:29:15
  different opinions. That's what we should do, right?
• 1:29:17
  Talk to each other. And and then it's up to you.
• 1:29:19
  Like we are only telling stories.
• 1:29:21
  We are telling our own perspective.
• 1:29:22
  It's up to you to take all these informations and make your own
• 1:29:24
  cake. So if there's a plug, I'll say
• 1:29:28
  study, read and yeah, hear people out because when two
• 1:29:31
  people are exchanging ideas and principle, I think it's
• 1:29:34
  fascinating. You can learn a lot by
• 1:29:36
  listening. Couldn't agree more Marie.
• 1:29:38
  So love it. Really appreciate you coming on
• 1:29:41
  the show. We're going to have to bring you
• 1:29:43
  back on soon, so. We'll reach.
• 1:29:45
  Out we'll schedule you back on and maybe in a couple of months
• 1:29:48
  maybe some new some new developments in the space maybe
• 1:29:50
  we'll be pumping actually maybe we'll be at zero who knows we'll
• 1:29:54
  we'll. Talk about it.
• 1:29:55
  Yeah, it. Might be at 0, so that might be
• 1:29:58
  a good time to bring you on anyways.
• 1:30:00
  All right, Mauricio, thank you so much guys.
• 1:30:02
  Again, go follow him. All of his socials are Mr. M
• 1:30:06
  podcast. Really appreciate you coming on.
• 1:30:08
  Let me pull you behind the scenes and I'm going to do the
• 1:30:10
  same thing for Chris. Chris, I usually don't do this
• 1:30:13
  for you, but you want to do, you want to do some last minute
• 1:30:15
  wisdom for everyone out there and then we'll plug your socials
• 1:30:19
  and we will wrap up today's show.
• 1:30:20
  Yeah, I mean, if we're going to $0.00 for Bitcoin, we're going
• 1:30:23
  to $1,000,000 of Bitcoin. There will definitely be a show
• 1:30:25
  on that day, Opti and it'll be crazy either way.
• 1:30:28
  No, just my final words are stay humble stacks at if anyone has
• 1:30:32
  issues, I know we try and answer questions in the chat, but Opti
• 1:30:35
  and I are very responsive on Twitter and I'm also on Noster
• 1:30:38
  as well. So primal.net back slash Chris
• 1:30:41
  Dolamo over on there trying to use Noster more, a decentralized
• 1:30:44
  open source protocol that you can ZAP sats over there.
• 1:30:47
  So it's a good time leave the centralized platforms behind,
• 1:30:50
  even though I know we spread our message, you know, in all spots
• 1:30:53
  of the Internet to try and to to everyone.
• 1:30:55
  But I'm trying to use Noster more this year in 2025.
• 1:30:58
  And thanks, Opti. It's always a pleasure being
• 1:31:00
  here with you, man. Have you?
• 1:31:01
  Hope you have a great weekend. Yeah, you as well, man, Chris.
• 1:31:03
  Chris, you always do. You always give me you always
• 1:31:06
  make me look better because I do the 45 IQ Bitcoin take Chris
• 1:31:11
  does the 120 IQ Bitcoin take it's a good balance here.
• 1:31:15
  You know, it's it's just not Nico and I being 65 IQ
• 1:31:18
  bitcoiners on the show. Wait, a cumulative 65 IQ on the
• 1:31:21
  show? But hey, both advice is valid
• 1:31:24
  and both advice is winning, so you know who knows, it doesn't
• 1:31:26
  matter. Hey, it doesn't matter how you
• 1:31:28
  get to the truth, the stacks stats, you're still winning.
• 1:31:31
  So I'll take it. I'll take it.
• 1:31:33
  All right, Chris, hang out behind the scenes.
• 1:31:35
  Oh, oh, oh, you say bye. I love.
• 1:31:37
  You, brother, peace out. Yeah, peace out, dude.
• 1:31:39
  All right, guys. Well, we did it another week.
• 1:31:42
  Last week of January we made it to at the end of the first month
• 1:31:48
  guys, so we still got 11 more months to go.
• 1:31:51
  So smash the like button, comment on your thoughts on the
• 1:31:55
  show and of course smash the subscriber button.
• 1:31:58
  We will be back Monday, same time as usual, theoretically
• 1:32:03
  12:16 PM every single day, but you already know we we kind of
• 1:32:08
  pop in a little later. Anyways, we love you have a good
• 1:32:11
  weekend. Get outside, touch some grass,
• 1:32:12
  stack some sacks, call your loved ones and I'll see you.
• 1:32:17
  On the flip side, peace out. Today's episode was brought to
• 1:32:22
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:32:26
  mission to enable financial independence.