Latest / Simply Bitcoin / $7T Central Bank CONFIRMS $5M Bitcoin is CLOSER Than You Think! | EP 1231
Transcript
- 0:00The biggest central bank with $7 trillion of assets under
- 0:04management just sent a massive Bitcoin warning to the rest of
- 0:08the world. This newest announcement is not
- 0:10only a game changer because it is the catalyst required to send
- 0:14Bitcoin to $5,000,000 per coin, confirming one of Michael
- 0:18Saylor's predictions, but it is also putting the rest of the
- 0:22world central banks on notice. But before we get into all that,
- 0:25running the numbers of this prediction, let's see what the
- 0:28corporate press thinks about. The spot box this morning about
- 0:33banking regulators pulling back some US cryptocurrency guidance.
- 0:36This is interesting guys, because the Fed said it was
- 0:38withdrawing supervisory letters that said that banks should seek
- 0:42advance approval from authorities before engaging in
- 0:45crypto asset and stablecoin activities.
- 0:47In addition, the Fed, the FDIC and the Office of the
- 0:50Controllers of the Currency pulled back statements from 2023
- 0:54that urged banks to be careful when it comes to crypto related
- 0:57risks. During the 2020 excuse me, 2020
- 1:0024 campaign for the White House, President Trump promised crypto
- 1:03investors that he would have their backs if he was re
- 1:06elected. In a statement announcing the
- 1:08latest changes, the Fed said that regulators would look into
- 1:11whether new guidance to support crypto asset innovation was
- 1:15appropriate. But it means effectively that I
- 1:17think a lot of the those letters that scared the banking system
- 1:21sort of out of getting meaningfully involved in crypto.
- 1:24And now they're saying, you know, do do what you like.
- 1:28Here's the question. I mean it because it's the Fed
- 1:30doing that. It's not necessarily.
- 1:32It's not like an executive order where it's going to get
- 1:34whipsawed if another administration comes in, in four
- 1:38years, I I would assume. But again, the politicization of
- 1:44it probably has some people concerned about whether the
- 1:47winds would change again at some point.
- 1:49I guess maybe it's better because it's coming from the
- 1:50Fed. Well, I think part of it's
- 1:52coming from the Fed, and it sounded like part of it was
- 1:53coming. From the administration, that's
- 1:55what I couldn't understand, and this was part of the campaign
- 1:57promises to do these things again.
- 2:00Businesses just don't like getting whipsawed by changes in
- 2:02administrations that lead to huge changes in.
- 2:05Policy. I don't know if this means that
- 2:07all you know, all of a sudden you're going to go to your
- 2:09local, you know, chase on the corner and be taking Bitcoin.
- 2:13You can't take Bitcoin. Look, I, I, I guess it does feel
- 2:15very different. It does feel very different in
- 2:18that crypto is becoming much more widely accepted.
- 2:20And maybe if they can get more regulation that that, that kind
- 2:24of cements that maybe it would make the banks feel a little
- 2:26better about it. I mean, look, we used to
- 2:28interview Janet Yellen and she was always, she would always
- 2:31talk to you about the risks of it.
- 2:32By the way, Jamie Dimon would talk to you about the risks of
- 2:34it. So I don't know, it's
- 2:35interesting 'cause there are people in the banking system who
- 2:37still have their own views of the risks.
- 2:39But I think the banking system would also like to offer their
- 2:42get in on whatever their customers want.
- 2:44Look, I think was against it until.
- 2:50Love to see it. Also guys, I'm here with the
- 2:53legendary and beautiful Internet Sophie AKA Nico's wife, so be
- 2:58nice to her. And of course Brian Demint from
- 3:00Orange Pelop, one of one of my favorite guests.
- 3:02He's always bringing the signal. So as you can tell, obviously
- 3:06the Fed is pulling back on their very stringent and tough crypto
- 3:10regulations that we saw come in a couple of years ago under the
- 3:14Biden administration. And as you can hear them,
- 3:16they're kind of wrapping their heads around this idea, like, is
- 3:19this a good thing? Is this a big, big deal?
- 3:22You know, will this be changed because of the next
- 3:25administration coming in? So it seems as of now we are
- 3:29kind of seeing a lot of good, good signal to this idea that we
- 3:33are going to have a more pro Bitcoin regulation or you might
- 3:36argue a pro crypto regulation. So interesting.
- 3:39Interesting. And of course, you know, the
- 3:40idea of bringing up Janet Yellen and Jamie Dimon on here.
- 3:43As we always say, if it's someone's job to not understand
- 3:46the incentives, of course they're going to publicly not
- 3:49endorse this idea. So anyways, let's get into the
- 3:51press release here and then I will cover again.
- 3:54You've probably heard it on the show what sailors prediction for
- 3:57$5,000,000 in needs, which is 3 things.
- 4:00And then I have an interesting take from Senator Lummus.
- 4:02So first of all, we have the press release here.
- 4:05I'm on federalreserve.gov. This was dropped last night at
- 4:085:30. And and it goes Federal Reserve
- 4:10Board announces the withdrawal of guidance for banks related to
- 4:13their crypto asset and dollar token activities and related
- 4:16changes to its expectations for these activities.
- 4:19The Federal Reserve Board on Thursday announced the announced
- 4:22the withdrawal of guidance for banks related to their crypto
- 4:24asset and dollar token activities and related changes
- 4:27to its expectations for these activities.
- 4:29These actions ensure the Board's expectations remain aligned with
- 4:32evolving risk and further support innovation in the
- 4:35banking system. It is interesting how they they
- 4:38keep saying this evolving risk mean here and now that we have a
- 4:41new pro Bitcoin administration, they're like, oh, these risks
- 4:44are completely out the window. You know, you banks, we were
- 4:47telling you for a while, you shouldn't be customing Bitcoin.
- 4:49It's dangerous for investors. And then right when Trump gets
- 4:52in, we have Jay Powell come out. It's like actually no banks can
- 4:55custody this Bitcoin. So it's interesting how quickly
- 4:57they change their tune. Anyways, the board is resending
- 5:00it's 2022 supervisory letter establishing an expectation that
- 5:04state member banks provide advance notification of planned
- 5:07or current crypto asset activity.
- 5:09As a result, the Board will no longer expect banks to provide
- 5:12notification and will instead monitor banks crypto asset
- 5:16activities through the normal supervisory process.
- 5:18Now Andrew Sorkin on that clip said you're probably not going
- 5:22to be walking into a bank and you know, getting Bitcoin as he
- 5:25framed it. But it is interesting that the
- 5:28Fed does supervise, I think it's, it's over 1400 commercial
- 5:32banks. So if they're being a little
- 5:34more lenient on these banks and they don't have to actually get
- 5:37approval upfront, you could argue that they might, you might
- 5:41be able to walk into your friendly neighborhood bank and
- 5:44eventually get some Bitcoin. And I think this is probably
- 5:47where we're headed. Now.
- 5:48This next part is pretty interesting.
- 5:50They don't actually say stable coins, but I'm pretty positive
- 5:54that this is what they are talking about.
- 5:57So the Board is also resending its 2023 supervisory letter
- 6:00regarding the supervisory non objection process for state
- 6:03member bank engagement in dollar token activities.
- 6:07Now this is something I've been talking about on the show, so
- 6:09for a long time is we are seeing that the Trump administration
- 6:13and you know, Howard Lutnick and Scott Besson and, and basically
- 6:17all of the cabinet now they are starting to push for more pro
- 6:21stable coin regulation and push pro stable coin bills.
- 6:25And I think now we're starting to see that, hey, maybe the Fed
- 6:28is capitulating on this point. Maybe they are bending the knee.
- 6:30As much as we understand that the Fed gets their power from
- 6:33Fiat currencies, from dollar dominance, we are seeing that
- 6:37they are pulling back a little bit on and their attack against
- 6:40stable coins. Now, you know, I'm not the
- 6:42biggest stable coin fan, but I think we can start to see where
- 6:46the road is going. And again, shouts out to our boy
- 6:48Mark Goodwin. He's been on the beat here on
- 6:51this Bitcoin dollar system. And of course, if they are less
- 6:56stringent on stablecoin adoption, that does kind of take
- 7:01some power away from the Fed anyways.
- 7:03Finally, the Board together with the Federal Deposit Insurance
- 7:05Corporation is joining the Office of the Comptroller of the
- 7:08Currency and withdrawing from 2/20/23 statements jointly
- 7:11issued by the Federal Bank regulatory agencies regarding
- 7:14banks, crypto asset activities and exposure.
- 7:17The Board will work with the agencies to consider whether
- 7:20additional guidance to support innovation, including crypto
- 7:23asset activities is appropriate. So to wrap up this press
- 7:27release, it is interesting that we are the Fed seemingly be more
- 7:31favorable towards Bitcoin, and I guess maybe the angle is more
- 7:35favorable towards stablecoin adoption.
- 7:37So this is, I would say, probably a big development,
- 7:41though I will bring up Senator Lummus's take on this, which is
- 7:44actually opposite. And here we go.
- 7:46This is probably why you clicked on the video.
- 7:49We played this clip for you guys on this show multiple times.
- 7:52So I'm not going to play it again.
- 7:53But just to just to kind of summarize, Michael Saylor made
- 7:57this prediction over two years ago, and it might even be longer
- 8:01now if, if I'm if I'm not forgetting actually, yeah, about
- 8:05two years ago. And he said there's three things
- 8:08that are needed for Bitcoin to go to $5,000,000 per coin.
- 8:11And now it seems like all of those obstacles are out the
- 8:14window. First was of course the spot
- 8:16Bitcoin ETF approval which happened.
- 8:20That is done. We've seen that the spot Bitcoin
- 8:22ETF is literally the most successful ETF launch ever.
- 8:27And then this is where the second one comes in.
- 8:30I think this is kind of leading towards this direction which is
- 8:33banks custody and lending against Bitcoin as collateral.
- 8:36We have seen that there is approval for banks to custody
- 8:40Bitcoin. Now it looks like the feds kind
- 8:42of pulling back on them being anti custody Bitcoin in banks.
- 8:46And then of course 3. The fair value accounting rules
- 8:49from Asby and that also has been approved.
- 8:52So these three things, these 33 obstacles seemingly are going
- 8:56out the window. And yes, I know price
- 8:59speculation $5,000,000 Bitcoin sounds crazy, but we are seeing
- 9:03that the road to $5,000,000 Bitcoin is happening in real
- 9:06time. So it looks like we are getting
- 9:09a more pro Bitcoin regulation in the United States.
- 9:12So say what you want about Trump, but in regards to his
- 9:16action and follow through in Bitcoin, it seems like he's
- 9:19doing a very, very, very great job.
- 9:21He is following through on a lot of the Bitcoin things he was
- 9:24talking about during his campaign.
- 9:26Now I think the most interesting take here though is Senator
- 9:29Cynthia Lummis and she goes the Fed withdrawing crypto guidance
- 9:33is just noise, not real progress.
- 9:36We are not fooled. the Fed assassinated companies within
- 9:39the industry and hurt American interests by stifling innovation
- 9:42and shuttering businesses. The fight is far from over now I
- 9:46love to hear this take. Yes, of course, as a Bitcoiner,
- 9:49we always like to take our our maybe small wins and make them
- 9:53into mountains. But she's kind of right.
- 9:57We are still not out of the woods yet.
- 9:59It does seem like we are turning a page in regards to how Bitcoin
- 10:05is looked at in the mainstream, in traditional finance and of
- 10:08course, coming from the federal level.
- 10:09So I would say that I think heating Senator Lummus's warning
- 10:14here is very important. You know, that it's important to
- 10:18to understand the context here. the Fed hasn't been favorable
- 10:21towards Bitcoin, and now you can argue that they're probably only
- 10:25being favorable in regards to Bitcoin and stablecoins because
- 10:28of the Trump administration putting pressure on Jay Powell.
- 10:31We all know the trade war going on.
- 10:33We all have probably heard Trump, you know, talk a lot of
- 10:37smack about Jay Powell recently. He's been trolling him
- 10:40constantly on true social. But I think the point remains
- 10:43the same. We are turning a page here, and
- 10:46the road to extremely ridiculous price predictions are coming
- 10:51clearer in our minds here. And we all know it's going up
- 10:54forever. So once all of these
- 10:56uncertainties are figured out and completely ironed out, I
- 11:00think we can start to unleash the Bitcoin price pump that
- 11:03we're all waiting for here. Anyways, I'm going to pass this
- 11:07to Brian. Brian, what's your thoughts on
- 11:10the first of the Federal Reserve's announcement and then
- 11:13Senator Lummis take on this? I mean, the announcement, you
- 11:17know, I, I think it's, it's good to be skeptical of this stuff,
- 11:20but it, the sly roundabout way is happening.
- 11:23That's what's so cool about this is that whether it's, whether
- 11:27it's sincere, whether it's just rhetoric, Bitcoiners are shaping
- 11:32the narrative right now. What we do, how we spend our
- 11:35money, the, the conviction that we have.
- 11:37There's there's probably no other cross section of people in
- 11:41financial markets that have a higher conviction than
- 11:44bitcoiners and politicians, regulators, bureaucrats, they
- 11:48pay attention to that. So we are shifting the
- 11:50narrative. You, you talk about this
- 11:52consistently that the, the Overton window is shifting and
- 11:56Bitcoiners are making that happen.
- 11:59Now let's say you know, Sorkin talked about how you know you're
- 12:03not going to go down to your bank and, and get Bitcoin.
- 12:05Well, that that actually is on the horizon that that kind of
- 12:09stuff is happening. Now think about the math on
- 12:11that. There's 44,000 banks in the
- 12:13world, 21,000,000 / 44,000 banks.
- 12:18Every bank can only have 477 Bitcoin.
- 12:21It doesn't take a whole lot of demand from banks to completely
- 12:26dry out the supply. Now, if you want to just talk
- 12:28about the unmined supply, there's there's 1.1 million
- 12:31unmined Bitcoin banks. If they all got an even share of
- 12:36all Bitcoin left to be mined, they would get 25 Bitcoin each.
- 12:39There's just, there's so few Bitcoin and so much, so many
- 12:44institutions out there that will need exposure to it.
- 12:47It'll be part of their fiduciary responsibility if they're a
- 12:50financial player, whether you're a publicly traded company,
- 12:53whether you're a bank, whether you're or an insurance company,
- 12:56whatever you, if you're responsible for money, it will
- 13:00become, this is the shift that we're seeing that we as
- 13:03Bitcoiners are pushing. You will see a shift towards the
- 13:06necessity, the moral obligation to have exposure or the ability
- 13:11to get your clients exposure to Bitcoin. 25 Bitcoin for your
- 13:14entire financial institution is not going to cut the mustard.
- 13:18477 Bitcoin for JP Morgan is not going to cut the mustard.
- 13:22There is going to be a run on Bitcoin or demand for Bitcoin
- 13:27like we've never seen before. And Senator Cynthia Loomis, I
- 13:30love that she sees other people trying to steal her clout.
- 13:34I think this is part of it. She wants the legacy.
- 13:37She want to, she wants to build her political legacy because she
- 13:40knows where Bitcoin is going. She wants to build her political
- 13:43legacy off of the idea that Bitcoin is going to fund,
- 13:46fundamentally transform the world.
- 13:49And I think it's going to be in, in large part transform the
- 13:52United States. And I think she wants to be tied
- 13:55to that. I don't think she wants anybody
- 13:56stealing her clout. She wants her Bitcoin bill and
- 13:59buying a million Bitcoin to be the center of attention.
- 14:02I think that's coming soon. I, I think July is when we're
- 14:06going to really see this stuff heat up in terms of
- 14:09legislatively, not only is she trying to gain traction, there's
- 14:13plenty of states that are that are gaining traction with their
- 14:16state bills. I don't think her or Trump want
- 14:19the clout of of the American strategic reserve to be undercut
- 14:23by these by by state reserves. And they don't want regulators
- 14:27to get credit like that. They certainly don't want the
- 14:30Federal Reserve to get any kind of credit for the bitcoinization
- 14:35of the world. And so this is awesome aligned
- 14:38incentives. If you if, if you guys have
- 14:40watched simply Bitcoin, you understand the power of aligned
- 14:44incentives because because Nico and Opti talk about this a lot,
- 14:47it's the it's one of the most important things to understand
- 14:49why Bitcoin will win. It tailors everybody's
- 14:52incentives to move in the same direction.
- 14:55Love it, Brian. I, I actually didn't think of
- 14:58that angle. I think that's, I think that
- 15:00might be a great angle here of like Senator Lummus just doesn't
- 15:03want to take the, you know, the wind out of her sails.
- 15:06But I think like your point remains the same.
- 15:08We are seeing a lot of incentives.
- 15:09We are seeing, hey, you know, like I said earlier, love or
- 15:12hate Trump, we are seeing that when it comes to Bitcoin, or
- 15:16rather maybe stable coins here, we all know his shit coin there.
- 15:21There's a lot of follow through here.
- 15:22And you know, you can argue where that pressure is coming
- 15:25from, but for us bitcoiners, I think this is a good thing.
- 15:29And and like you said, this is going to make waves and ripples
- 15:32around the world. And now everyone is going to
- 15:34have to take Bitcoin very seriously.
- 15:36So I'm sure the dominoes will fall very quickly.
- 15:39Now, Sophie, I, I, I consider myself kind of the extremist on
- 15:43the show, but you are probably way further along the path than
- 15:47I am. So just remember we're on
- 15:49YouTube here. What is?
- 15:51I try to, I'm not going to get us banned.
- 15:54Actually today I have the mom take because the way that I see
- 15:59it, Bitcoin is now a 16 year old child, right?
- 16:03They're getting to an age where they want to completely separate
- 16:07from the control or the seeming control of their parents.
- 16:11And so the Fed pulling back on, you know, giving crypto
- 16:16guidance, they never really had any control to begin with.
- 16:19Let's be honest. I think that the next logical
- 16:24step, first of all, I think it's also the fact that the Fed has
- 16:28way bigger things to worry about, like cutting interest
- 16:31rates, not printing money, etcetera, etcetera, ceasing to
- 16:35exist. So now the next logical step is
- 16:38taking this matter to Congress and making it part of the law
- 16:43that there there is no regulation over Bitcoin.
- 16:48There is no regulate and, and crypto maybe, but you know, I
- 16:51think maybe there should be a little bit of regulation on
- 16:54Ethereum and shitcoins so that people don't get screwed over.
- 16:57But to begin with, you could never control Bitcoin.
- 17:00So from my perspective, this is Bitcoin growing up.
- 17:05And the way that I interpreted Senator Loomis's take on all of
- 17:09this is there's still a lot of work to be done.
- 17:12Does it mean that just because the Fed is going to be pulling
- 17:15back on regulations that you're in the clear and that you
- 17:18shouldn't take self custody and you should trust the the banks
- 17:21and ETFs and these platforms with your Bitcoin?
- 17:24Absolutely not. You should still be weary.
- 17:27You should still be taking self custody.
- 17:29And that's the thing that we ultimately need to protect with
- 17:33the law so that there isn't another administration that just
- 17:37comes in and change the winds of the Fed.
- 17:39So I think that on one hand, the Fed has a lot of other things to
- 17:44worry about. They've realized, look, there's
- 17:46not much that we can be doing here.
- 17:48There wasn't anything that we could do since the beginning.
- 17:51So we're just going to move on. And now it's the job of the
- 17:56community to push for that to to kind of kick the ball to
- 18:01Congress so that it is solidified into law so that
- 18:04people like Senator Loomis can do their job and make it so that
- 18:08nobody could ever take away our right to self custody and our
- 18:13right to to own Bitcoin. Love it.
- 18:17You know, Sophie motherhood is, is looking good on you.
- 18:20She's she's coming in a little more balanced, a little more
- 18:23neutral on the show. It's making me smarter actually.
- 18:28But. No, I'm not 80 IQ anymore.
- 18:30I'm actually 90 IQ now so. Well, my IQ is dropping.
- 18:34I'm at 45 now. I don't know how that happened,
- 18:37but I think your point remains. I think both of you guys are
- 18:39kind of saying something very similar.
- 18:41It's like, look, this is good, you know, very good news coming
- 18:44out of the Fed, but we still so have to kind of solidify this
- 18:48into law in the United States. And of course, that's going to
- 18:51have to go through Congress so that it doesn't change if we get
- 18:55an anti Bitcoin president next, you know what, 3-4 years from
- 18:59now. So, you know, it's baby steps
- 19:02towards the right direction. And I'm excited to see where
- 19:05this lands. But we are starting to see that
- 19:07the narrative around Bitcoin is fundamentally shifting, whether,
- 19:12you know, it's the Fed bending the knee, whether it's the Trump
- 19:14administration be more favorable to Bitcoin.
- 19:16Now. We just need to see that trickle
- 19:18down into Congress and, you know, solidify that.
- 19:21Hey, us Bitcoin, we're not criminals here.
- 19:23We just want to make sure we hold something.
- 19:26The US is way behind on Bitcoin adoption.
- 19:29El Salvador and has it had it as legal tender before we did.
- 19:34Even Europe has like kind of a little bit more of adoption.
- 19:37Hong Kong, the UAE, all of these countries are moving at the
- 19:41speed of light. If the US wants to be the leader
- 19:45in Bitcoin adoption, we need to not just pull back on Fed
- 19:50regulations, which again, they couldn't do anyway.
- 19:53We need to make this part of our laws.
- 19:56We need to even perhaps propose an amendment where we make
- 20:01Bitcoin legal tender. It cannot just stop at pulling
- 20:04back regulation. It can't just stop at a Bitcoin
- 20:06strategic reserve. We won't stop until we're able
- 20:10to use Bitcoin to pay our water bill to pay our electricity
- 20:14bill. And to have that be the basis
- 20:17for abolishing taxes, but that's a whole other.
- 20:19Conversation. There she is.
- 20:21There she. Is I always got to get the taxes
- 20:25because it's just. There she is.
- 20:28Love it. Love.
- 20:28It April 15th was only 10 days ago.
- 20:30Don't trigger me. Love it, love it.
- 20:32All right guys, so we have a jam packed show for you guys.
- 20:34I am going to kind of continue this theme.
- 20:36So if you think this $5,000,000 Bitcoin prediction is crazy,
- 20:39well, I have a clip of safety and kind of explaining where the
- 20:43capital will come from. And then in the news, I have a
- 20:46kind of an update on Jack Muller's 21 capital.
- 20:50And I have a clip from my boy Nolan.
- 20:52And I think he really makes a good point of how significant
- 20:56this move is. And I really want to play it on
- 20:58the show for you guys because I haven't heard anyone else say
- 21:00something like this. And then of course in the
- 21:02culture we have Brian Demint here.
- 21:03So we have some cool stuff, some cool updates coming out of
- 21:07Orange Pelop and and a call to action for everyone out there.
- 21:10So before we go on though, I do want to remind you guys smash
- 21:13the like button, hit the subscribe button.
- 21:15Of course comment on the video below.
- 21:17Is Bitcoin winning? Is this good for Bitcoin or are
- 21:20US bitcoiners just you know, getting too caught up in the
- 21:23hype here? Anyways, of course moving on, we
- 21:27do want to give a shout out to our boys over at
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- 23:59All right guys, I'm over here on Clark Moodys dashboard and the
- 24:02current Bitcoin price is $95,350 per Bitcoin.
- 24:07I was trolling before the show with Sophie and Brian.
- 24:10I'm like guys, you know, I know we're only at 95 K, but this 95
- 24:14K feels a little better than the last time we were here.
- 24:16It's probably because of the market dropping and we've been
- 24:19going. Sideways, I'm still so bored I.
- 24:22Know, I think until. We get to like at least 120.
- 24:25I'm just going to like twiddle my fingers and.
- 24:28Count themselves. We're also entitled here.
- 24:30Anyways, the sets for dollar, AKA how much Bitcoin you can buy
- 24:33for a single dollar, AKA how much a dollar is worth in
- 24:35Bitcoin, is currently at 1049 sets per dollar.
- 24:38The current block height is 893,000 137 and the market cap
- 24:43of Bitcoin in Fiat terms is $1.89 trillion.
- 24:48We are inching back towards $2 trillion market cap and the
- 24:51Bitcoin versus gold market cap currently at 8.15%.
- 24:54Wow. I think that was that's like a
- 24:56what point three 5% since yesterday.
- 24:59That's that's kind of crazy. Anyways, the total percentage of
- 25:02Bitcoin that will ever be issued is currently at 94.55%, roughly
- 25:0519.855 million coins in circulation.
- 25:09And the realized monetary inflation is currently at .84%.
- 25:12Taking Fiat currencies to school.
- 25:15All right guys, as I was telling you, we got this clip here of
- 25:19safety and I know literally everyone's like all these guys
- 25:22ever talk about is Bitcoin going to $1,000,000 per coin.
- 25:25Well, one, we are hoping I'm here, we're he, we're here to
- 25:28make sure that you guys are entertained and you know, for
- 25:31better or worse, people love the Bitcoin price predictions.
- 25:35And two, this is the inevitability.
- 25:38If you understand what's going on with Bitcoin, if you lightly
- 25:42understand what's going on in Tradfi, you understand the memes
- 25:46that we constantly say it's going up forever, Laura, there's
- 25:48nothing stopping this train. The big print is upon us.
- 25:52Well, we have safety, the legendary author of the Bitcoin
- 25:56standard explaining to you, kind of continuing the theme that
- 25:59this isn't out of the realm of possibility, guys.
- 26:02This is exactly what's playing out and we're seeing it happen
- 26:05in real time. So in the interim, in the short
- 26:07term, yes, as Sophie's saying, we're bored with the price
- 26:11movement because it's like it's not going up quick enough.
- 26:13We've been spoiled. But I think as a Bitcoiner, once
- 26:17you understand how Bitcoin works, why Bitcoin does what it
- 26:20does, these price predictions don't seem crazy.
- 26:23Of course, we don't know the time frame on this stuff, but we
- 26:26do know the meme is real. It's going up forever.
- 26:29Anyways, let's hear safety and explain this to you.
- 26:32Thought this is insane, but here we are.
- 26:35It's going up and I think, you know, it's still early days in
- 26:38the sense of just numbers because I think it's, you know,
- 26:43it's not it's, it's not a matter of consumer adoption.
- 26:45It's not a matter of how many people download the iPhone, how
- 26:50many people download a Bitcoin app.
- 26:51For me, it's about the size of the cash balances more than the
- 26:54number of people. And so you can look at the size
- 26:58of cash balances that are in dollars there are or dollars or
- 27:01dollar based currencies, which are all other Fiat currencies in
- 27:04the world. You've got around $100 trillion
- 27:07in Fiat currencies. You have another $100 trillion
- 27:09in bonds and you have something like another 30, twenty $30
- 27:13trillion in gold and some other assets, maybe real estate and
- 27:18stocks, some of that you could think of as being a cash
- 27:21substitute which Bitcoin is competing with.
- 27:24So I would say the total market for a monetary asset is about
- 27:28$300 trillion. Bitcoins already at 2 trillion,
- 27:32which is I mean impressive because in 15 years going from
- 27:35zero to 2 trillion is the fastest that we've ever seen.
- 27:38We've never had an asset anything go grow this fast.
- 27:42So it is quite impressive, but still got a long way to go.
- 27:45And I would say you could you, you could say that Bitcoin is
- 27:49the monetary standard of the world when it is the largest of
- 27:53these assets, probably around something in the range of 100
- 27:57trillion or so. So still a while away.
- 28:00But with Bitcoin, you never really know how long it could
- 28:03take. You know that could be another
- 28:05few months because we've seen these crazy pumps in Bitcoin.
- 28:09But. Not most likely.
- 28:10It's not going to be a few months.
- 28:11Most likely it's going to be several years.
- 28:14And that's fine. I think it's, it's, it's a
- 28:16process that needs time. People need to accumulate cash
- 28:19balances. People need to become more
- 28:21familiar with how to use Bitcoin, and I think over time
- 28:24it's just inevitable because the people who accumulate Bitcoin
- 28:26will witness the value of their cash balances increase, whereas
- 28:29the people who don't accumulate Bitcoin.
- 28:33This is the signal here guys. One, of course, safety and
- 28:37didn't give us a time frame here, but I think we we're all
- 28:41kind of thinking something similar like there's a non zero
- 28:44chance that Bitcoin could RIP very quickly considering who
- 28:47knows what's going to happen in traditional finance.
- 28:49If something fundamentally breaks in traditional finance,
- 28:53then I would argue most of that capital would end up in Bitcoin.
- 28:57But this is a this is a long term game As a Bitcoiner, we
- 29:00always talk about low time preference, you know, thinking
- 29:02long term here and as every one of us understands, once you
- 29:06understand Bitcoin, this is the inevitable game here.
- 29:09So, you know, safety is saying $300 trillion market cap is, is
- 29:13probably a a conservative bet on how big of a market share a pure
- 29:18money could get. And if you're looking at today's
- 29:20market cap, you know that's a conservative 150X from here.
- 29:24So, you know, you can say what you want about Bitcoiners and
- 29:28our price predictions, but if it goes, and of course, this is a
- 29:32big, if we'd, we're not, we're not saying that Bitcoin win or
- 29:35there's an inevitability of Bitcoin winning and doing what
- 29:38we say it does. But again, a non, there's zero
- 29:41chance that it's headed in the direction we're saying.
- 29:43And I think I'm, I think I could safely say that safety is
- 29:47probably on the right track. We all know global market
- 29:51capital right now is around 900 trillion.
- 29:53If you don't think Bitcoin's going to get a small portion, if
- 29:56not a decent chunk of that global capital because
- 29:58everyone's using different kind of assets for store store
- 30:02values, do you really understand Bitcoin?
- 30:05And of course, I'm, I'm not here to Bitcoin shame anyone here,
- 30:09but I think this is a very conservative bet on the long
- 30:12enough time frame. I see this playing out very,
- 30:15very clearly. Again, I love using the metric
- 30:18or the heuristic that Bitcoiners can predict the future.
- 30:20Once your fundamentals are are in place as a Bitcoiner, it
- 30:24starts to become a lot easier to see where the future is headed.
- 30:27And if we do end up on, you know, the the fabled Bitcoin
- 30:30standard globally, I think these are conservative bets.
- 30:34Anyways, I'm going to pass it over to Brian again.
- 30:35Brian, what's your thoughts on safety?
- 30:38Yeah, I mean, I think that it's it's just always funny reading
- 30:41the comments where, you know, the simply Bitcoiners are just
- 30:44awesome. They're like, why is he so
- 30:45bearish? Only $100 trillion is coming in.
- 30:48Yes, I'm, I'm, I'm with you guys.
- 30:50And it's not because that's bearish.
- 30:52It's because of what are the implications of 100 and $100
- 30:55trillion coming into Bitcoin. And it's again over time, but
- 31:00there are there's quadrillions of dollars of wealth in the
- 31:05world. We actually as as, as, as crazy
- 31:08as central banks have gone and as much Fiat as they've printed,
- 31:11if you were to accumulate all the Fiat in the world, you
- 31:14couldn't buy all of the stuff in the world.
- 31:17We actually don't have enough Fiat currency.
- 31:19We don't have enough currency to actually buy all of the wealth
- 31:22because nobody sells all of the buildings and all of the
- 31:25property and all of the gold and all of the equities all at the
- 31:29same time. So you actually don't need all
- 31:31of the capital in the world. So there's an imbalance and it's
- 31:33OK, but there's an imbalance between the wealth in the world
- 31:37and the currency. The the amount of currency
- 31:39notes, what what Safety Dean is talking about for the currency
- 31:42notes. There's $100 trillion of various
- 31:45currencies out in the world. That is a total addressable
- 31:48market for Bitcoin is how much currency is there at play now?
- 31:52You don't need $100 trillion to just all currencies are
- 31:56completely gone and $100 trillion is going into Bitcoin.
- 32:00You only need a portion of that to go into Bitcoin to make
- 32:02Bitcoin a $100 trillion asset. And and here's why it's it's
- 32:08some people call it the multiplier effect.
- 32:09I like to refer to it as capital flow inertia.
- 32:11But let me give you a really easy example.
- 32:14If you Fiat is a big pool of water, Bitcoin is a small pool
- 32:20of water. Take Lake Superior, a giant
- 32:23lake. If you took 1,000,000 gallons of
- 32:26water out of Lake Superior, the the level of Lake Superior, like
- 32:30it wouldn't even drop. It's such a vast body of water
- 32:33that the the water levels wouldn't even drop.
- 32:36But if you took 1,000,000 gallons of water and put it all
- 32:39into your pool in your backyard, your entire neighborhood would
- 32:43flood. So 1,000,000 gallons coming out
- 32:46of 1 lake doesn't affect it, but that same million gallons going
- 32:50into the small pool has an enormous effect on it.
- 32:54And that's what's going to happen with Bitcoin as these
- 32:57dollars are coming out or these Fiat currencies are collapsing
- 33:00into Bitcoin. You don't need the $100 trillion
- 33:03to collapse in order to have $100 trillion effect on Bitcoin.
- 33:07And that's the profound thing. If anybody's sleeping on this
- 33:10and what he's saying that that sounds too overly bullish.
- 33:13That's why the simply Bitcoiners understanding this is I'm trying
- 33:16to put words to why they're making this.
- 33:18It sounds like a joke, but it's serious.
- 33:20Why is he so? Why is he so bearish?
- 33:22It's not bearish. It's a very realistic statement
- 33:24because it only takes a small fraction of that to have a $100
- 33:27trillion effect on Bitcoin. Yeah, I totally agree.
- 33:31And and of course sometimes, like even Bitcoin will admit
- 33:35sometimes price predictions are just fun and we are trolling and
- 33:38having fun and just like throwing something ridiculous on
- 33:41the wall and and hoping that our predictions correctly.
- 33:43But it it, it is a very conservative bet And and Brian,
- 33:47will you what what what did you call the multiplier effect?
- 33:49I'm I'm blanking on it. Yeah, it's.
- 33:51Yeah, overly complicated capital flow inertia.
- 33:55Love it. I love that I was actually kind
- 33:59of thinking the same thing as Brian.
- 34:01He, he put it in such a beautiful analogy, But right now
- 34:05bitcoins around 2 like 2 trillion like Safedeen
- 34:08mentioned. And The thing is, it doesn't
- 34:10need to be that big right now for it to become inevitable
- 34:15because unlike every other asset, Bitcoin doesn't rely on
- 34:19cash flow yield or you know, any sort of institution regulating
- 34:24it. As we said before, it's value is
- 34:27purely from adoption and purely from scarcity.
- 34:31So there's never going to be more than 21 million coins
- 34:35period. And the more capital flows into
- 34:38it and the more we keep printing money, the more Bitcoin share of
- 34:43global assets has to grow. So Brian, just like put it so
- 34:48beautifully. And, and I love the the analogy
- 34:50of the lake because right now the amount of, of money that is
- 34:54going to be injected into Bitcoin just to protect the
- 34:57value of, of that so-called lake is going to be enormous.
- 35:02Yeah, 100% it. It really is incredible once you
- 35:07understand that, hey, you know, whatever portion of the $900
- 35:11trillion global, you know, store value equity in the world or
- 35:16global capital of the world you think is going to end up into
- 35:19Bitcoin, you got to remember it's going into less than 21
- 35:22million coins. And that just, you know, big
- 35:26numbers are hard to wrap your head around.
- 35:28And you know, when you really get down into the hype and the
- 35:33of, of where Bitcoin is going, sometimes these price
- 35:36predictions, we, we may be very conservative on them.
- 35:39Like maybe not in our lifetimes, maybe it's in our
- 35:42grandchildren's lifetimes. But if Bitcoin is around for the
- 35:46next 1000 years, like Sailor likes to say, it's, it's going
- 35:51to be an insane amount of money or wealth that you own today in
- 35:54the Bitcoin that you currently claim.
- 35:56So make sure that you are securing it correctly.
- 35:58Make sure you are thinking long term, make sure you 10X whatever
- 36:02you have today in Fiat terms. And that's how you should be
- 36:04securing this coin because you want to be holding it long term.
- 36:07Don't trade the, you know, the hardest thing to do is to do
- 36:10nothing. And I, I think we've all been
- 36:13feeling this as bitcoiners for the last couple of months.
- 36:15So it's like, man, like it's very hard to just sit around and
- 36:19hold your Bitcoin and continue to stack when it's not really
- 36:21doing anything. You know, shit posting gets
- 36:23tiring sometimes. You know, it, it, it runs, you
- 36:27know, negative on your mental health at times.
- 36:29And you're like, all right, I just need to unplug for a little
- 36:31bit. Like we all know where it's
- 36:32going, dude. It's often going to be around
- 36:36for 1000. You know, dude, I am not going
- 36:38to be a Cyborg. I do not believe in chipping
- 36:41myself. You know that I'm, I'm not about
- 36:42that. Anyways.
- 36:44ANYWAYS, I do want to talk about in the next segment this this
- 36:48idea of corporate adoption of Bitcoin.
- 36:51Is this a good thing? Is this a bad thing?
- 36:53We had this huge announcement from Jack Mahler's come out
- 36:56yesterday or was it 2 days ago? And there has been it has
- 37:00spurred this this argument again.
- 37:03Maybe you could say it's a new floodline is like corporations
- 37:05are they Co opting Bitcoin? So I got a good article from
- 37:08Bitcoin Mag and then I have a clip from my boy Nolan.
- 37:11He's one of my favorite content creators and I don't think he
- 37:14gets enough love on the show. So I want to play his clip, but
- 37:17what we'll breakdown is corporate adoption a Bitcoin a
- 37:20bad thing? Are they Co opting us?
- 37:21Hence why I asked you in the chat is Bitcoin winning yes or
- 37:24no? And we'll we'll get to that.
- 37:26Let's go. I want to give a shout out to
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- 39:45I think all bitcoiners would agree to that.
- 39:49All right, guys, So as I was saying actually here, let me
- 39:52full screen myself a little bit laying in the context.
- 39:55I just kind of laid it out ever since Jack Mahler's kind of came
- 39:58out and announced his 21 capital partnering with tether and
- 40:02SoftBank and Cantor Fitzgerald, The the meme, or rather the old
- 40:07floodline of corporate, you know, Co option of Bitcoin is
- 40:11taking place right in front of our eyes.
- 40:13And you know, a new, a new variation on the meme is
- 40:16starting to play out on Bitcoin Twitter with this idea of suit
- 40:18coiners are taking over. I I find that very hilarious.
- 40:21The suit coiners are taking over Bitcoin.
- 40:24And so I, I wanted to kind of talk about that and you guys let
- 40:27me know what you think in the chat.
- 40:28But I am going to start with this article here from Bitcoin
- 40:31Magazine. So they just dropped this and,
- 40:35and then I'll lay out kind of the Jack Mueller's take and I'm
- 40:37going to tee up my boy Nolan as a clip here.
- 40:39So this is titled, this is on Bitcoin Magazine.
- 40:42Is 8% of Bitcoin owned by institutions a threat to its
- 40:46future? Is Bitcoin's future at risk from
- 40:488% institutional ownership? Discover how firms and ETS
- 40:52holding BTC could challenge its decent naturalized roots and
- 40:55market independence. So I'm not going to read the
- 40:57whole thing. You guys can find this on
- 40:58Bitcoin Magazine. I'm just going to kind of read
- 41:02read the headlines here a little bit.
- 41:03So institutional ownership of Bitcoin has surged over the past
- 41:06year, with around 8% of the total supply already in the
- 41:09hands of major entities. And that number is still
- 41:11climbing. ETFs, publicly listed companies,
- 41:14and even nation states have become begun securing
- 41:16substantial positions. This raises important questions
- 41:19for investors. Is this growing institutional
- 41:22presence a good thing for Bitcoin?
- 41:24And as more BTC becomes locked up in cold wallets, treasury
- 41:27holdings and ETFs, is our on chain data losing its
- 41:31reliability? In this analysis, we dig into
- 41:33the numbers trace of capital flows and explore whether
- 41:36Bitcoins decentralized ethos is truly at risk or simply
- 41:40evolving. And of course, there's new
- 41:42wells. And let's start with the
- 41:43treasury publicly listed companies tables.
- 41:46Major companies including Strategy, Metaplan and others
- 41:48have collectively accumulated more than 700,000 Bitcoin and
- 41:52also the ETFs have acquired more than a million Bitcoin.
- 41:55Considering that bitcoins total hard cap supply is 21 million,
- 41:58this represents roughly 3.33% of all BTC that will ever exist.
- 42:03While that supply ceiling won't be reaching our lifetime, the
- 42:05implications are clear. The institutions are making long
- 42:08term bets and of course there's some good charts and stuff.
- 42:12And then it starts talking about the loss Bitcoin.
- 42:15And, you know, we don't really know how much is lost, but the
- 42:19average guess is around like, you know, somewhere between 3 to
- 42:225 million bitcoins are lost. So we all do math of Bitcoin,
- 42:27you know, total, total global capital divided by 21 million.
- 42:30I think we can probably lower those numbers to maybe a
- 42:34conservative idea of 18,000,000. Maybe it's all the way down to
- 42:38we're all vying for 15,000,000 Bitcoin.
- 42:41So we don't know how much is lost, but there's less Bitcoin
- 42:44than we even think. And then of course, this is
- 42:46where the main crux of the the FUD or conversation happens is
- 42:50our institutions controlling Bitcoin.
- 42:53So with all of the corporations coming into Bitcoin, does this
- 42:56mean Bitcoin is being controlled by corporations?
- 42:58They argue not yet, but it does signal a growing influence,
- 43:01especially in price behavior. Now this is kind of talking
- 43:05about this idea we've been covering the last couple of
- 43:07weeks of or rather months now that Bitcoin does seem very
- 43:11correlated to tech stocks. You know, when there is
- 43:14macroeconomic uncertainties, Bitcoin usually reacts first,
- 43:18whether that's dumping or if there's a bullish indicator to
- 43:22basically go into a sovereign, you know, non political store of
- 43:26value. You start to see gold pump and
- 43:28then Bitcoin pump. So there is this correlation
- 43:31right now because there is big money, you know, huge capital
- 43:35getting into Bitcoin and obviously they're reacting to
- 43:38different market forces. And the most liquid salable
- 43:41asset or money in the world is of course Bitcoin.
- 43:43It runs 24/7, 365 days out of the year.
- 43:46And so, you know, you sell what is most liquid upfront, you
- 43:50basically whatever is not bolted down to the floor, you sell that
- 43:54when you need it. And that's kind of what we're
- 43:56seeing play out in Bitcoin. And then of course, the need to
- 43:59adapt. And I think this is what we're
- 44:01seeing and even bitcoiners need to adapt to where we are right
- 44:04now, hence why I want to play this Nolan clip for you guys
- 44:06coming up shortly. So historically much of bitcoins
- 44:09trading activity has occurred off chain, particularly on in
- 44:12centralized exchanges like Coinbase Finance and Once Upon a
- 44:15time FTX. These trades rarely appear on
- 44:18chain in meaningful ways, but still influence price and market
- 44:21structure. Today we face a similar
- 44:23situation only with better tools.
- 44:25Obviously, ETF flows, corporate filings and even nation state
- 44:28purchases are subject to disclosure regulations.
- 44:31Unlike opaque exchanges, these institutional players are often
- 44:34must disclose their holdings, providing an analysts with a
- 44:38wealth of data to track and and moreover, though on chain
- 44:41analyst isn't static and there's different tools to check out.
- 44:45So yet this does not spell doom for Bitcoin decentralization or
- 44:49the relevance of on chain analytics.
- 44:51In fact, as more BTC is held by identifiable institutions, the
- 44:55ability to track flow becomes even more precise and the retail
- 44:59footprint remains dominant. Like if you understand the on
- 45:03chain metrics, the majority of coin is held by individuals.
- 45:06Yes, there is a new influx and and they're they're getting a
- 45:10sizable chunk into institutions and of course starting to see
- 45:14nation state treasuries start to increase.
- 45:17But the majority of Bitcoin is held by individuals.
- 45:19And so, you know, I, I think those concerns are a little over
- 45:23bloated, but the conclusion to wrap it up, institutional
- 45:26interest in Bitcoin has never been higher between ETFs,
- 45:29corporate treasuries and sovereign entities, over 2.2
- 45:32million Bitcoin are already spoken for and that number is
- 45:34growing. This flood of capital has
- 45:36undoubtedly had a stabilizing effect on price during periods
- 45:39of market weakness. However, with that stability
- 45:41comes entanglement. Bitcoin is becoming more tied to
- 45:44traditional financial systems, increasing its correlation to
- 45:47equities and broader economic sentiment.
- 45:49Yet this does not spell doom for Bitcoin decentralization or the
- 45:52relevance of on chain analytics. In fact, as more BTC is held by
- 45:56identifiable institutions, again the ability to track flows
- 45:59becomes even more precise. Bitcoins ethos of
- 46:02decentralization isn't at risk, it's just maturing.
- 46:05And as long as our analytical frameworks evolve alongside the
- 46:08asset, we'll be well whipped to navigate whatever comes next.
- 46:12So, you know, you don't have to take our words.
- 46:14You can tell me in the chat whether we're wrong here.
- 46:16But I I kind of fall on the same side that, yes, you know, a lot
- 46:20of Bitcoin, maybe it's a little worrying that it's going into
- 46:23institutions. You know, BlackRock and Larry
- 46:25Fink and Michael Saylor are talking about holding millions
- 46:29of coins or hundreds of thousands of coins for forever.
- 46:33And it's never going to go back into the market.
- 46:36But the majority of Bitcoin is held by individuals like you and
- 46:39I. Anyway, I want to pivot this
- 46:41conversation into the recent announcement by Jack Maulers in
- 46:4621 Capital. And I have a tweet here by
- 46:48Anthony Pompoliano to kind of get me into what what, what,
- 46:52what I really want to play for you guys.
- 46:54So Pomp goes 21 a new publicly, a new public company was
- 46:58announced this morning. This was the 23rd.
- 47:00So what's that? Wednesday?
- 47:02It will hold more than 42,000 Bitcoin, around $4 billion on
- 47:05its balance sheet and work to acquire as much Bitcoin is
- 47:07possible in the coming years. The company is backed by
- 47:09Tethers, SoftBank and Cantor Fitzgerald.
- 47:12The CEO will be Jack Mahlers. And I think this is the crux.
- 47:15Things are going to get crazy as more public entities start to
- 47:18enter the Bitcoin world. So now I want to play you this
- 47:22clip here from Nolan because I think he does a good job of
- 47:27summing up where we are right now in the movie.
- 47:30And I haven't heard a lot of Bitcoiners put it in this way.
- 47:33And I think this is like the bullish take away here.
- 47:35So I'm gonna play the Nolan clip, It's a minute, and then I
- 47:38have one last tweet for you guys and we'll chat about it.
- 47:41Combine the trade war, the Japanese element, and the stable
- 47:46coins and suddenly it's not just a micro strategy clone.
- 47:51This looks like a ship designed to chart through the waters of
- 47:54change that have been announced by the Trump administration the
- 47:57past few days. This looks purpose built to
- 48:00survive a reorganization of global finance.
- 48:03Already Bitcoin is leading in that narrative.
- 48:05Of course Bitcoin is leading in that narrative.
- 48:07But to see these huge pieces organize themselves around
- 48:11Bitcoin in order to traverse this market fluctuation, huge
- 48:16market change, the biggest market change people have said
- 48:18we've seen in 80 years since Bretton Woods or the end of the
- 48:21gold standard. So watching Bitcoin be the
- 48:23organizing principle for real huge institutions, the biggest
- 48:27Japanese VC fund, the biggest stablecoin issuer and a real
- 48:31Wall Street player, to me shows the Bitcoin really is that life
- 48:35raft really is exactly what we've all been saying for years,
- 48:38because these guys are putting them.
- 48:43Love it. This is this would be my take
- 48:45away as well. One thing we are noticing right
- 48:48now, and I've been kind of bringing this up on the show, we
- 48:51are seeing that, you know, whether you think this is just
- 48:55Trump, you know, not knowing what he's doing and messing up
- 48:58global markets or you think it's a controlled demolition so that
- 49:02we can kind of break up the global order.
- 49:04We are seeing one thing is becoming very, very obvious.
- 49:08We are entering, as Nolan was saying, a reorganization of the
- 49:12monetary order. And most people don't know what
- 49:16you know, what's going to win at the very end of the day, as a
- 49:18Bitcoiner, like Nolan was saying, I think Bitcoin will be
- 49:21the winner. And seeing 21 Capital with its
- 49:25partners come out and out such a big, big company with such a big
- 49:30treasury. I think it goes to show that
- 49:34we're starting to see as, as we were saying a couple of days
- 49:37ago, it's not so much that Wall Street has entered Bitcoin, it's
- 49:41now Bitcoin that has entered Wall Street.
- 49:43And I think this is going to fundamentally change the game.
- 49:46I I'm super bullish on 21 again, you know, I, I'm not given
- 49:51financial advice. I would not buy the stock.
- 49:53I'd just say buy Bitcoin because that's what they're doing.
- 49:55But I think the point remains the same.
- 49:57We are seeing a re restructuring of the monetary order, whether
- 50:02that's Larry Fink trying to position their customers into
- 50:05getting Bitcoin, whether we're seeing nation states talk about
- 50:08Bitcoin and stablecoin adoption or it's BRICS nations
- 50:12essentially saying or other. Yeah, every nation around the
- 50:15world right now besides the USA. Hey, we don't want U.S. debt, we
- 50:19don't want treasuries right now. We're trying to find an
- 50:21alternative. I think this is the main signal
- 50:24here. You're watching a restructuring
- 50:26of the monetary order in real time.
- 50:29And as a biased bitcoiner, I say Bitcoin is is the big winner at
- 50:33the end. Now last thing I want to say,
- 50:35you know, Nolan kind of brought it up.
- 50:37We brought it up on Wednesday, this idea of MicroStrategy and
- 50:4121 being competitors or rivals and here on Jack Mahler's
- 50:45announcement, I thought it was just, you know some good
- 50:48camaraderie in the bitcoins face.
- 50:49So here's Jack Mahler's he did a 15 minute video explaining what
- 50:53he's doing and Sailor responds congratulations on the launch of
- 50:5721 and Jack Mahler's same team salute emoji.
- 51:01So we're seeing, you know, we're seeing things play out where as
- 51:05a Bitcoiner, we, we kind of know what the end game is.
- 51:08And of course isn't like we're all in the kumbaya here, you
- 51:12know, we're all in the Pac-Man game of trying to acquire as
- 51:14much Bitcoin. But it is very interesting and
- 51:17one of the things my friend said, I'm blanking.
- 51:20I think it was a full time Bitcoin FTB on Twitter.
- 51:23He said it's very interesting to kind of reflect on Sailor's
- 51:28behavior the last couple of months.
- 51:30It seemed like he was panic buying Bitcoin every week.
- 51:33And it's probably because he knew that Jack Muller's was
- 51:36coming out. So as more big companies
- 51:39compete, as bigger institutions and nation states come in
- 51:42Bitcoin and compete, as Wall Street competes to acquire as
- 51:44much Bitcoin, this benefits you. And, you know, I just really
- 51:48love that Nolan take and I that's the only reason I did
- 51:51this whole clip. I I needed to forget Nolan on
- 51:53the show. We got to get Nolan back on the
- 51:55show. Anyways, I'll go to Sophie.
- 51:57Sophie, what do you think about this?
- 52:00You weren't here when we talked about 21.
- 52:02Do you think we're seeing this this monetary reordering
- 52:06restructuring in real time? I know, I know Nico rants about
- 52:09Trump a lot to you. So what do you think's playing
- 52:12out in in global trad fight currently?
- 52:15Well, actually, I think the beauty of all of this is that it
- 52:18has very little to do with Trump.
- 52:20I think actually the Fed and what they're doing has more to
- 52:24do with government regulation and them going to probably, you
- 52:28know, pitch deregulation to Congress.
- 52:30That has more to do with the political side.
- 52:33This is the private institutions, the private sector
- 52:37of the United States, furthering their belief and their backing
- 52:42of Bitcoin. And you know, I'm tired of all
- 52:45of these purity tests that we're playing mostly online and like,
- 52:49look, everyone's freaking out that Bitcoin is being Co opted
- 52:54by corporations, by the people in suits, Wall Street
- 52:57billionaires, whatever. But here's what I've noticed
- 53:01after years of being in the space.
- 53:04Bitcoin changes you. You don't change Bitcoin.
- 53:08Bitcoin changes you, you come in thinking that, you know, these,
- 53:12these corporations, they're, they're thinking like, oh, I'm
- 53:14going to make my, my, my customers so much money by
- 53:17making, you know, them buy our stonks.
- 53:20And, and in reality, what's going to happen is that they're
- 53:24going to buy Bitcoin and they're going to turn into Bitcoiners.
- 53:27And the next thing you know, they're going to be tweeting
- 53:29about energy, sovereignty, Austrian economics, about how
- 53:33they're eating a piece of rib eye every single day.
- 53:36And they're going to be worried about the fact that we're
- 53:39printing money and they're going to actually be changed by
- 53:43Bitcoin because they're the ethos that we have as a
- 53:47community is so much larger than the profits that they can be
- 53:50making for their customers. They don't have to believe it
- 53:54right now, but by mere adoption, it's going to make people
- 53:59change. So if Jack Mahlers brings
- 54:02SoftBank and Cantor Fitzgerald into the game, that's awesome.
- 54:06Put them in the arena because Bitcoin is going to work on
- 54:09them. It doesn't.
- 54:10Bitcoin isn't going to make people sell out.
- 54:13It's going to call people in. Yeah, totally.
- 54:16And again, I I brought this up on Wednesday the the interesting
- 54:20story about the SoftBank CEO. He bought like the 2017 top and
- 54:25he said like I had two big of a holdings in the 2018 bear market
- 54:29and it was distracting me from my work.
- 54:31And he sold out at like I think it was somewhere between 50 to
- 54:34$130 million loss. And now he's coming back into
- 54:37the game, what, eight years later or seven years later.
- 54:40And it does kind of remind you of sailors trajectory as well.
- 54:44You know, he was a big Bitcoin. Hey, and then now he's like the
- 54:47biggest Bitcoin proponent and. Buy it at the price you deserve.
- 54:51Exactly. Changes you.
- 54:53It changes your entire way of life.
- 54:55People don't believe it. They call us extremists.
- 54:58They call us weirdos. They call us toxic Bitcoin
- 55:01maximalists, but in reality, we're trying to teach you how to
- 55:06live a better life and how to be on a better monetary standard.
- 55:11It's like when they tell you to eat your vegetables or your
- 55:14steak or whatever in this case. So when you're a little like,
- 55:17and you're like, no, I want to eat junk food and processed
- 55:20foods. And then when you're older, you
- 55:22realize, oh, damn, like I probably should have, you know,
- 55:24eaten real food. This is the real food.
- 55:27This is the signal. This is the stuff that's going
- 55:30to carry us into a brighter future.
- 55:33So it's just a matter of time. I'm all for it.
- 55:36I'm so happy that bigger corporations are buying Bitcoin
- 55:39because it's just a signal of adoption, a general adoption.
- 55:45Yeah, and that's what I was going to say.
- 55:47Someone said preach selfie what we're seeing.
- 55:52And I think whether it's the Fed news in the beginning of the
- 55:55show, whether it's his 21 capital story, whether it's
- 55:59Saylor or Trump embracing Bitcoin, you know, the, the, the
- 56:04Besant camp embracing Bitcoin, what we're seeing is Bitcoin
- 56:08being seen as a mature asset in traditional finance.
- 56:11And I know there everyone in the chat saying, like, if you say
- 56:14this time is different, that means like you're, you're the
- 56:17you're the chump for exit liquidity.
- 56:19But the narrative around Bitcoin, I think has
- 56:21fundamentally changed in the last year or so.
- 56:24And it's going to be very exciting to see where this goes.
- 56:26Anyways, I'm ranting too much Brian.
- 56:29And what's your thoughts on maybe even the 21 capital, but
- 56:33what Nolan was saying? Yeah, no, it's really, I mean,
- 56:35this is what we do. We rant.
- 56:36I mean, this is, you know, there's no, there's no problem
- 56:38there. I mean, so going back to the,
- 56:42the, the beginning of that segment where the, the concern
- 56:45was, are institutions getting too much Bitcoin?
- 56:49Are you freaking kidding me? Is this the is this the problem
- 56:52that we've caused is that banks and institutions want Bitcoin so
- 56:57bad that now we as Bitcoiners are whining about it like this
- 57:00is a beautiful, beautiful world that we've created for
- 57:03ourselves. I think it was notorious BIG
- 57:07that said MO moni MO problems, right?
- 57:09Like this. This is what happens when you
- 57:11get to be somebody in the world. Guess what?
- 57:14Nobody hates you when, when, when nobody knows your name.
- 57:17But when you become famous, people start to hate you, right?
- 57:21Like, but there's also people that love you, yes.
- 57:23So there's, there's good and bad that come with progress in life.
- 57:26Like when you do anything successfully, it's going to
- 57:28catch the attention of other people.
- 57:29Now this is true for all of history.
- 57:31Like if you go back to the Bronze Age and you, you and, and
- 57:35you know, bronze technology comes out and people are making
- 57:37swords. Well, your tribe or your people
- 57:39group better acquire as many swords as possible or you will
- 57:43be irrelevant. The ones who didn't acquire
- 57:46swords didn't move to the next epoch of human history.
- 57:49Then you move, then you move forward to the catapult.
- 57:52And if you don't acquire enough catapults, then you don't stay
- 57:54around. And then you move to the
- 57:57industrial age. And if you don't acquire enough
- 57:59airplanes, then your country becomes conquered by a another
- 58:02bigger country that has more airplanes.
- 58:04You, you do this like this. We're in an arms race right now.
- 58:08And just because the big boys are acquiring Bitcoin doesn't
- 58:11mean that that hope is lost. No, who cares?
- 58:16You acquire as much Bitcoin as you possibly can and you will be
- 58:20protected for that. And so that it's like ask, you
- 58:25know, any time somebody that's new to Bitcoin or isn't in
- 58:28Bitcoin, excuse me, says, oh, aren't you worried that these
- 58:31institutions are buying so much Bitcoin?
- 58:34You know what, I always ask them politely.
- 58:37I said, you know, how much Bitcoin do you need to have in
- 58:40order to control the network? And they're like, I don't know
- 58:43must like you, you if, if you understand Bitcoin, you could
- 58:48have 21 million Bitcoin and you don't control the network.
- 58:51So run a node, mine, hold Bitcoin, all those things that's
- 58:56great. You can protect yourself by by
- 58:58doing those things. It's it's not proof of stake.
- 59:01That's why we don't Ethereum because yes, if you were on
- 59:05Ethereum, the more Ethereum you have, you control the network.
- 59:08We are we are liberating ourselves from that because were
- 59:14about proof of work. Bitcoin is proof of work.
- 59:16So put in the work. Fast forwarding to to to the the
- 59:21clip about Cantor Fitzgerald. Can anybody go Google who is the
- 59:26chairman of Cantor Fitzgerald? It's Howard Lutnick.
- 59:30Howard Lutnick is probably the second most influential.
- 59:34He's the the secretary of commerce in the Trump administ
- 59:37administration. He's probably the second most
- 59:39influential person in terms of monetary policy in Trump's ear.
- 59:44His company is Cantor Fitzgerald.
- 59:46His company just started a publicly traded Bitcoin
- 59:49acquisition company. So is the writing on the wall?
- 59:52Like we always said, Oh my gosh, Nancy Pelosi and she got all
- 59:55these stock trades and man, we didn't find out about these
- 59:57stock trades until after they happened.
- 59:59So people weren't able to profit off of them.
- 1:00:02This you see the move right now. Do you want the heads up on
- 1:00:06what's going to happen? Cantor Fitzgerald is in the
- 1:00:11White House influencing Trump's policy on Bitcoin, and they are
- 1:00:15buying like crazy. Act accordingly.
- 1:00:18Buyers, hold on. I think what if you wrap what
- 1:00:25Brian just said with what Nolan said?
- 1:00:28And I know this is kind of an out there idea, but we are
- 1:00:32finding ourselves currently in like an economic World War right
- 1:00:36now. And it's not kinetic.
- 1:00:38It's about trying to acquire the most pristine capital period.
- 1:00:42And if you're a Bitcoiner, you understand that that is Bitcoin.
- 1:00:46And seeing these, as Brian was saying, the writing on the wall,
- 1:00:50you know, Howard Leutnick, he's literally in the Trump
- 1:00:52administration launching a, you know, company to acquire as much
- 1:00:55Bitcoin as possible. If this isn't a signal for what
- 1:00:58you should be doing personally, like you're asleep at the wheel.
- 1:01:02This is the writing on the wall. This is what I think most people
- 1:01:05aren't seeing. If you're wrapped up watching
- 1:01:07traditional corporate press, if you're not fully inundated with
- 1:01:10Bitcoin content, you're probably missing out on the biggest, you
- 1:01:14know, opportunity to change your life.
- 1:01:16And if you're watching the show right now, you're here, you
- 1:01:19should be stacking and that's what 3400 of you guys live right
- 1:01:23now on Twitter, YouTube and Rumble like you guys are ahead
- 1:01:27of the game. So you know, you guys are are
- 1:01:30front running everything. And you know, you could argue
- 1:01:32that maybe this is kind of like a psyop here or something that
- 1:01:37you're you're being kind of led to believe you had front run
- 1:01:40institutions, but you're still front running the majority of
- 1:01:44not only retail, but the population and global, global
- 1:01:47capital. So hold on to your Bitcoin as
- 1:01:51tightly as you can, make sure it's secure.
- 1:01:53This is the best thing you can be doing.
- 1:01:55All right, guys, so we're going to talk with Brian of Orange
- 1:01:58Pelop. But you guys have probably heard
- 1:02:00about Orange Pelop, so we're going to get some updates on the
- 1:02:02cool things they're doing. And again, stick around because
- 1:02:05there's a cool call to the action that you guys can be a
- 1:02:07part of. So let's get into that.
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- 1:04:11All right, Brian, good to have you on the show.
- 1:04:14Always, always a pleasure when you come on bro, let's just do
- 1:04:18do a literally 2 sentence plug for Orange pull up for people
- 1:04:22that may not be familiar with it.
- 1:04:23And I'll pull up the QR code. And then let's talk about your
- 1:04:25recent updates or recent drops and, and the call of action
- 1:04:28because I think that's pretty cool.
- 1:04:30So here we go guys, scan the QR code now, Brian, do the, you
- 1:04:34know, one minute elevator pitch. I'm sure most of them have heard
- 1:04:37about Orange Pull up. They're one of our sponsors.
- 1:04:40We love them, but for those that maybe aren't familiar with it,
- 1:04:43what is Orange Pull App? And then let's talk about your
- 1:04:45latest drops. Well, let me say it like this.
- 1:04:49I'm never brief, but I'm going to be brief right now.
- 1:04:52There are Bitcoiners in your neighborhood that you don't
- 1:04:56know, and Orange Pull app is how you can become friends with
- 1:05:00those people. If you want to make in real life
- 1:05:03Bitcoin connections, this is the way to do it. 100% and I like,
- 1:05:10but you know, you guys told me last time you came on actually
- 1:05:13Mateo put me on blast last time you came on because I wasn't
- 1:05:16responding to my DII hardly respond to my my like actual
- 1:05:20text messages. I'm looking at my phone and I
- 1:05:22have like 15 text messages I haven't responded to.
- 1:05:25So it wasn't an orange pill app thing.
- 1:05:27It's more of a, you know, a behavioral default here, a
- 1:05:32behavioral issue on my end. But I have been responding to
- 1:05:35you guys, but I say it constantly.
- 1:05:37The biggest thing I did that improved my life was obviously
- 1:05:41not just partnering with a Bitcoiner to create simply
- 1:05:44Bitcoin for you guys, but moving to an area where I had Bitcoin
- 1:05:48friends. And the thing I love about
- 1:05:49Orange Pell App is like, we're all basically the lone crazy
- 1:05:53Bitcoiner. So you need to connect with
- 1:05:55Bitcoiners and Orange Pell App is a great way to do that.
- 1:05:58So Opti's going to find his future wife on on the orange
- 1:06:01Pell app it. Is not a dating app, Sophie,
- 1:06:04come on, It is not a dating app. It's not a dating app, but it
- 1:06:07could. Be but.
- 1:06:09Everything's a dating app if you use it.
- 1:06:10Correctly, everything's a dating app There's actually been a
- 1:06:13couple who's now married they met through Orangeville app so
- 1:06:17so. There you go.
- 1:06:18I mean, it's kind of a dating app.
- 1:06:20I mean, what's the? Help for me yet?
- 1:06:22Biggest dating app in the world is there's.
- 1:06:23No hope for you Opti not. Biggest dating app in the world
- 1:06:29is not Tinder, it is Instagram. So who knows I guess.
- 1:06:34Yeah, you write off the everything's a dating app if you
- 1:06:36want it to be, but it's also a friend app as well.
- 1:06:40Now here's the exciting thing. I'm not just talking about
- 1:06:43making Bitcoin friends Today we actually have a wallet.
- 1:06:45We just built a wallet, a native wallet to orange pull app.
- 1:06:49It it it launched last month and it has more robust functionality
- 1:06:54than any other lightning wallet in the world.
- 1:06:57Now, yes, you can pay invoices and all that kind of stuff, but
- 1:06:59we added features that are only available to the the functions
- 1:07:04that we have in orange pull app. So what are some of the things
- 1:07:06that you have in orange pull app?
- 1:07:07You have things like group chats.
- 1:07:08Well, if I want to mass ZAP, which is one of our new features
- 1:07:11that doesn't exist anywhere else, I can go into my group
- 1:07:14chat. So if I have a a group chat of
- 1:07:16of local entrepreneur bitcoiners and I want to ZAP everybody in
- 1:07:20that group chat and say there's 50 people in there or there's 10
- 1:07:22people in there, I can click the lightning bolt and with a few
- 1:07:25strokes ZAP everybody in that group.
- 1:07:29I can ZAP them in an invite. I can send a message to them
- 1:07:31through obviously using the lightning lightning network,
- 1:07:33which is cool. I can also Geo ZAP.
- 1:07:37So because we have a location based services for the app which
- 1:07:40you can toggle on or off anytime.
- 1:07:42But if you have that location on, people can ZAP you by city,
- 1:07:46by country, they can ZAP the entire world.
- 1:07:49And So what are the implications of something like that?
- 1:07:53Well, we're, we're not looking forward to the next natural
- 1:07:56disaster, but we know that the next natural disaster is going
- 1:07:59to happen. And when it does, we're ready
- 1:08:02with Orangeville app to enable the Bitcoin social layer to
- 1:08:06impact, positively impact those Bitcoiners who are who are
- 1:08:09negatively impacted by the next natural disaster.
- 1:08:12So what do I mean by that? Say there's a God forbid there's
- 1:08:15a a another hurricane in Florida, which we know there's
- 1:08:17gonna be, but if it's big enough.
- 1:08:19Where? People are having problems.
- 1:08:22They might get a check from FEMA for $700 in a week, 2 weeks, a
- 1:08:27month. Or members of Orange Pull App
- 1:08:31can go on and ZAP everyone in Florida or everyone in Miami or
- 1:08:36everyone in your town instantaneously.
- 1:08:39So while governments and regulators and all that kind of
- 1:08:42stuff are scrambling to try and help people locally through the
- 1:08:45Orange Pull Apps wallet, we can natively ZAP those people.
- 1:08:49Now, one of the things that we're going to do today is we're
- 1:08:52going to set a record and at what is it?
- 1:08:56It's 12:42 Pacific Time right now by one O clock Pacific Time.
- 1:09:02So in just a few hours, in about two hours from now, anybody who
- 1:09:05wants to participate in this, you guys are going to get to
- 1:09:08participate in a world record-breaking day in Bitcoin.
- 1:09:12Today, the record for lightning payments around the world is
- 1:09:18going to be set. It's estimated that the world
- 1:09:20record right now is about 475 to 500,000.
- 1:09:24That's probably the on the higher end today, Orange pull
- 1:09:28apps Lightning node is going to process over 500,000
- 1:09:32transactions and we need you guys to be a part of history in
- 1:09:35doing this. So we're going to kick this off
- 1:09:38at 1:00 Pacific Time today. Orange pill app is going to ZAP
- 1:09:43the world. So anybody who has an orange
- 1:09:45pill app wallet is going to automatically get zapped sats
- 1:09:49into their wallet. That is about about 50,000
- 1:09:53wallets that right off the bat we're going to ZAP.
- 1:09:55So we're going to already have 50,000 lightning transactions in
- 1:09:59an instant. Now we need you guys to help
- 1:10:02participate in helping us bridge the gap of the other 450,000.
- 1:10:06So if if we get 1000 bitcoiners to to send 500 SAT's So
- 1:10:12basically you can mass app you can with one button say, hey, I
- 1:10:14want to send 500 people one SAT. We will break the record today
- 1:10:19and you will get to go into the annals of Bitcoin history by
- 1:10:23saying the day that the Bitcoin Lightning network was set, I was
- 1:10:27a part of it. Now you might not be Michael
- 1:10:30Saylor, I might not be Jack Muller's, we might not have our
- 1:10:33names in the history books because we created the first
- 1:10:35publicly traded companies that stacked 1,000,000 Bitcoin or
- 1:10:39anything like that. But plebs can participate in the
- 1:10:42social layer. And where is the social layer
- 1:10:44happening? Well, it's happening on Orange
- 1:10:46Pull app and we have these new cool tools like the the Orange
- 1:10:50Pull app Lightning wallet enable new things, new concepts with
- 1:10:54the Lightning wallet that have never been done before.
- 1:10:56So if you're on the Lightning or if you're on Orange pull up by
- 1:11:001:00 PM Pacific Time today, you will get zapped sats.
- 1:11:03And we hope that you turn around and maybe share some of your own
- 1:11:06Sats or some of the Sats that we send you to other people as well
- 1:11:10so that we can break that 500,000 transaction milestone.
- 1:11:15Incredible. OK, so you said you just need
- 1:11:181000 people to send 500 SAT to 500 people?
- 1:11:23So no. So they only need to send one.
- 1:11:26Yeah, five. Oh, yeah.
- 1:11:27OK, OK. Yeah, so so they could just say
- 1:11:29and and it's, it's super simple. And when you guys go into
- 1:11:32Orangeville app, it'll literally who do you want to ZAP?
- 1:11:34OK, I'm going to ZAP this group of people.
- 1:11:36For example, we have a SAT's faucet on there.
- 1:11:38If you guys remember the old Bitcoin faucet, you could go, I
- 1:11:41mean, none of us were around for that, right?
- 1:11:43Where you could go and just get like 5 Bitcoin every day by just
- 1:11:46solving a captcha on a website. So we even have a SAT's faucet
- 1:11:50group in Orangeville app. If you join that group, you get
- 1:11:52zapped like 21 SAT's every once in a while.
- 1:11:55We every, everybody in that group just got a random 21 SAT's
- 1:11:57earlier this morning. So we have things like that.
- 1:12:00You can just go into a group or you can go into the search bar
- 1:12:03and just look up whatever type of group of people you want to
- 1:12:06send. So if I, I live in Southern
- 1:12:08California, so I could, I could go and look up a city in
- 1:12:11Southern California and I want to say I wanna ZAP everybody in
- 1:12:14this city one SAT. So I just do that.
- 1:12:16I click the button and it goes out to however many bitcoiners
- 1:12:19are in my city. So you could do that.
- 1:12:22And so you could send 500 different lightning invoices
- 1:12:25with one click of a button. Incredible Well, I do have a
- 1:12:30goldfish memory, so I'm going to try to remember 2 hours from
- 1:12:33now, but I wasn't part of the Lightning Network torch the
- 1:12:37original 1, you know, I don't even remember was that 2018 or
- 1:12:40something like that. So I'm really going to try to
- 1:12:44remember. I want I do want to be a part of
- 1:12:46this. I think this is pretty cool.
- 1:12:47Hopefully we can break that today.
- 1:12:49This is awesome. But we do have some questions in
- 1:12:51the chat, Brian, for I guess people that aren't familiar with
- 1:12:55the Orange Pill apps business model.
- 1:12:57There's actually 2 questions and I will link them together.
- 1:13:01So RL says, is this app free or is it subscription based?
- 1:13:05And the follow up one, which is probably a hot take here, a
- 1:13:08spicy question is, does it increase your chances of being
- 1:13:12$5 Rents attack. And that's the reason I combine
- 1:13:15them is because This is why you do what you do in the way that
- 1:13:20you do it. Yeah.
- 1:13:22So this is this is part of it that I thank you for pairing
- 1:13:24those two together because yes, the first one answers the second
- 1:13:27one at least to some degree. So it is a subscription based
- 1:13:31app and it's like Bitcoin, you pay to use it.
- 1:13:35You don't send a Bitcoin transaction for free.
- 1:13:37That's why the network doesn't get spammed.
- 1:13:39And so if for the same reason, there's a subscription to enter
- 1:13:43orange orange pill app, it's a it's a private club.
- 1:13:45And that is one of the most high signal things we can do to
- 1:13:48ensure that there's no spammers or scammers or anybody that's
- 1:13:52just trying to ask you how your crypto trading is going.
- 1:13:54You're not going to get any of that in the same way that you
- 1:13:56would on, on another platform. And so, so, so there's that,
- 1:14:00that degree of, of filter right there.
- 1:14:03And then it's funny that the $5 wrench attack at Pacific Bitcoin
- 1:14:08a couple years ago, we actually had Ben Askren come out and do
- 1:14:10a, a Brazilian Jiu Jitsu seminar for us.
- 1:14:13It was called the $5 wrench attack seminar.
- 1:14:15So it was like, hey, learn how to not get choked out.
- 1:14:18But but the fact of the matter is you exercise all of the
- 1:14:22cautions you exercise in in real life.
- 1:14:25Do you on Twitter, that's where it's free do and and you know,
- 1:14:28nobody assuming knows your location.
- 1:14:31Do you put out your you know, you put out your Bitcoin address
- 1:14:34out there. Do you put out your, your, your
- 1:14:36seed phrase? No, like we exercise certain
- 1:14:38cautions in life. And so I would say that with all
- 1:14:41things like of course, exercise caution, you're a bitcoiner,
- 1:14:45you're self sovereign, yes, your money is your responsibility.
- 1:14:48And so take the appropriate cautions just like anything
- 1:14:51else. I don't, you know, I've met
- 1:14:53plenty, I've, I've made plenty of business deals with people
- 1:14:56whom I've met online. And then at some point we have
- 1:14:59to jump into the real world and that, that's it.
- 1:15:01That's even true in the Fiat world.
- 1:15:03I've made Fiat business deals where I knew I, I, I was
- 1:15:06connected on to this person through LinkedIn or whatever
- 1:15:09happens to be. And then we make real world
- 1:15:11business and there's a degree of risk to that, but I make sure
- 1:15:15that I mitigate that risk by just exercising general IQ, like
- 1:15:19of, of a basic IQ level. It's, it's, it's very, very
- 1:15:22safe. And so I've met dozens of
- 1:15:24Bitcoiners in my city and I can tell you that the experience is
- 1:15:28always absolutely fantastic. Most bitcoiners sadly don't know
- 1:15:34other real life bitcoiners. Or maybe they've gone to a
- 1:15:36conference and they've met them there, but then they don't know
- 1:15:39them in their hometown. I guarantee you there's probably
- 1:15:42a meet up closer than you think. Orangeville app is the world's
- 1:15:45largest repository of Bitcoin only events.
- 1:15:48So say you don't want to meet somebody one-on-one.
- 1:15:50Well, that's fine. You can find a local.
- 1:15:52You might have a a local Bitcoin only meet up.
- 1:15:55By the way, Bitcoin only. It's very, very difficult to
- 1:15:57find Bitcoin only meet ups. We also filter.
- 1:16:00So any event that you find in the app is also a Bitcoin only.
- 1:16:03You're not going to show up. It's not going to be a surprise
- 1:16:05web three meet up or something like that.
- 1:16:07It's going to be high signal Bitcoin only, but more than
- 1:16:10likely there's one at a coffee shop right around the corner
- 1:16:13from you. And so the value proposition of
- 1:16:16this is so high that that, you know, it's one of those things
- 1:16:20like Bitcoiners tend to get it. I will pay for something that
- 1:16:23has high value. I pay for a bit to to to send a
- 1:16:26Bitcoin transaction because the alternative is I'm told that I
- 1:16:30can send a visa transaction for free, but is it really free?
- 1:16:33No, it's not really free. At least with Bitcoin and Orange
- 1:16:37pull app, we're transparent in the way we do things that we, we
- 1:16:39tell you what the cost is upfront so that you can make an
- 1:16:42informed decision about whether you want used or not.
- 1:16:45And we found that over 16,000 bitcoiners have already joined
- 1:16:49the network and it's growing every single day.
- 1:16:51So it's kind of like Bitcoin. This thing seems to be going in
- 1:16:55One Direction. Absolutely love it, Brian.
- 1:16:58That was a great response. You know, I, I, I covered
- 1:17:02everything that you wanted to talk about.
- 1:17:04So you we have more time if you want to chat about some other
- 1:17:07stuff here and what what else you got top of mind.
- 1:17:09Wait, can I ask a question? Yeah, yeah.
- 1:17:12So I, I love that you brought up the fact that natural disasters
- 1:17:17do happen. I'm currently in Puerto Rico.
- 1:17:19I, you know, saw the aftermath of Hurricane Maria.
- 1:17:23I've lived in Miami my whole life where I've dealt with
- 1:17:26hurricanes and I've seen the huge impact that it has on
- 1:17:30communities. And I just want you to talk a
- 1:17:32little bit more about how that if like the orange pill app can
- 1:17:37help people come together during those times because like you
- 1:17:40mentioned, FEMA will, you know, you'll wait like 2-3 weeks, like
- 1:17:44sometimes never to get those checks and that support that you
- 1:17:48need almost immediately. I remember recently when one of
- 1:17:51the Hurricanes hit up in the West side of Florida, there was
- 1:17:57the Bitcoin mom who was, you know, basically survived that
- 1:18:01whole ordeal because of the support of the Bitcoin
- 1:18:04community. So if you could, I think that
- 1:18:07that's so important and if you could just talk a little bit
- 1:18:09more about that, I'd love to hear about it.
- 1:18:11Yeah, well, and unfortunately when so I live in Southern
- 1:18:14California when the when the LA fires were going on here.
- 1:18:17Now, thankfully I wasn't in it, but Mateo, the founder of the
- 1:18:20app, he, he, he had to go get out of his house and, and flee
- 1:18:24because he lives, you know, close to where the, you know,
- 1:18:27the, the epicenter of this was. And we knew lots of people in
- 1:18:31LA, we didn't have the wallet. It was in beta at that time.
- 1:18:34We didn't have it fully launched in the app.
- 1:18:35But what we did see from what we did have in the app was we still
- 1:18:39have the ability to connect with other Bitcoiners.
- 1:18:40So the social layer, even without the wallet, even without
- 1:18:43being able to ZAP people in that area, which again, you could do
- 1:18:46now. So like if the LA fires happened
- 1:18:47today, anyone on Orangeville app could say, hey, bro, do you
- 1:18:51like, let, let me, let me ZAP you some sats so you can go get
- 1:18:53an Airbnb tonight in another, in, in another town or something
- 1:18:56like that. You could do that.
- 1:18:57But what was happening back then was we had the ability to
- 1:19:00message those people and, and, and bitcoiners were offering
- 1:19:03other Bitcoiners a place to stay, like a place to stay.
- 1:19:07And so they were reaching out. It's like, Hey, bro, I know
- 1:19:09you're out in Lai live in San Diego.
- 1:19:12Do you, do you want to drive a couple hours and, and you know,
- 1:19:15you know, grab, I have an extra bedroom or we can put you up on
- 1:19:18the couch or something like that.
- 1:19:19It was amazing the response that was happening.
- 1:19:21And so it's not just the monetary resource.
- 1:19:24It's, it's the, it's the support, the love, the like,
- 1:19:28hey, bring your kids and camp out here for a night because
- 1:19:31we're going to take care of you. So, so, yeah, the, the social
- 1:19:34layer comes to the rescue and that again, even then it
- 1:19:38presents the opportunity of like, am I, am I, I'm meeting
- 1:19:41other people that I don't know. But as you talk to them, you can
- 1:19:45use your, your Spidey sense to, to kind of filter out the noise
- 1:19:48here. The cool thing about the app
- 1:19:49too, if you are concerned about, you know, privacy, you can be as
- 1:19:53anonymous as you like. Like you, the orange pull app
- 1:19:57wallet is actually the only and orange pull app in general is
- 1:20:00totally KYC free. So like there's no know your
- 1:20:02customer information in the app. And I believe we're one of the
- 1:20:05last US based lightning wallets that actually has that every
- 1:20:09other lighting wallet you have to do that.
- 1:20:10So so. It's one of those things like
- 1:20:12the low hanging fruit is to say, oh, is this going to a potential
- 1:20:15$5 wrench attack? The high hanging fruit is you're
- 1:20:18fundamentally changing people's lives and reaching out and
- 1:20:21helping them in their most desperate moments.
- 1:20:23And that's what makes for a winning side.
- 1:20:26Like, like the, the movements of history that win aren't the ones
- 1:20:31that like, when things got tough, they crumbled.
- 1:20:33No, when things got tough, you reinforce your, your, your
- 1:20:37social movement by saying, OK, we faced opposition from the
- 1:20:41government, Bitcoin fought back. Now we're now we're helping
- 1:20:44Bitcoiners when it comes to natural disasters or when
- 1:20:46somebody has cancer or when somebody loses their job, we're
- 1:20:50reinforcing Bitcoiners and, and we do that one, because we have
- 1:20:54a heart for those people, but two, it's because when we take
- 1:20:57care of those in the network, it reinforces the network and it
- 1:21:00just gets us one step closer to hyper bitcoinization.
- 1:21:03So it doesn't really matter if you're doing it for altruism or
- 1:21:06you're just doing it because you haven't aligned incentives.
- 1:21:08It just keep like it just seems to be that Bitcoin keeps winning
- 1:21:12whether you're doing it because you love people or whether
- 1:21:14you're doing it because you love yourself.
- 1:21:16In either case, it tends to kind of lead to the same outcome and
- 1:21:20it and when we're seeing that in real time.
- 1:21:22I love when Bitcoin companies align themselves with humanity
- 1:21:26and community because it makes it more than just the monetary
- 1:21:30thing, but a part of the culture.
- 1:21:32So thank you for what you're doing.
- 1:21:34I think that's really great. And I guess the follow up
- 1:21:37question to that would be if you're, if you have any future
- 1:21:41plans of using the SAP to create something like give send go or
- 1:21:46like a fundraising kind of app where people can raise money for
- 1:21:51each other with SAT's? Yeah.
- 1:21:53So we, we actually partner with pretty frequently.
- 1:21:56We, we partner with Geyser Fund. So if anybody hasn't worked with
- 1:22:00Geyser Fund before, they've helped us raise money.
- 1:22:03So we're big fans of Geyser fund and I definitely see because of
- 1:22:06our, our, our lightning wallet integration now there's probably
- 1:22:09a lot more room for partnerships with them going forward.
- 1:22:12So I wouldn't be surprised if, if, if you know, I could see
- 1:22:16this playing out this way, right?
- 1:22:18Maybe there's, there's you know, 16,000 members on Orange pill
- 1:22:21app, but maybe there's, there's a ton of bitcoiners that haven't
- 1:22:24signed up for orange pill app yet, but they give the Geyser
- 1:22:26fund and then Geyser fund uses our Geo zapping capability to
- 1:22:30ZAP those people. So I think we can harness each
- 1:22:33other's platforms to to make sure that we're impacting
- 1:22:36Bitcoiners in in, in the biggest way possible.
- 1:22:39Now, like same thing. I mean, there's massive
- 1:22:41implications here. Like think about if we went back
- 1:22:44to whenever the Canadian trucker rally was, what was that 21 or I
- 1:22:47don't know, was it in 2020 or 2021 was the Canadian trucker
- 1:22:51rally again, Bitcoiners would have been able to participate in
- 1:22:54Geo zapping the Canadian truckers.
- 1:22:56So it's not just natural disasters, it's freedom
- 1:22:59movements around the world. So yeah, just take, take a a A
- 1:23:04cause anywhere that's geographically located somewhere
- 1:23:08around the world and orange pull apps, Lightning wallet can help
- 1:23:11with that. Yeah.
- 1:23:13Hey, Brian. Love it.
- 1:23:14Love it. One thing I do kind of want to
- 1:23:17talk about here is we kind of had this theme throughout this
- 1:23:20week, like a very subtle theme starting this.
- 1:23:23Someone just said, I just subscribed to forever Laura.
- 1:23:26I just got a notification. All right there the people are.
- 1:23:29People are jumping in now. We had Svetsky on on Monday.
- 1:23:33And the reason I'm bringing this on or was it Tuesday, Monday, I
- 1:23:36think Monday, the reason I'm bringing this up is because he
- 1:23:40just dropped his book the Bushido Bitcoin.
- 1:23:43And it's very it's huge emphasis on like the character
- 1:23:47development of Bitcoiners themselves.
- 1:23:49And I know that there is kind of a pushback on this idea of like
- 1:23:53Bitcoin the social layer. And the reason again, I'm
- 1:23:56bringing this up is because Brian, I know you're very big on
- 1:23:58character development of bitcoiners.
- 1:24:00So I want, I want to tee you up and this is how we're going to
- 1:24:02wrap up today's show. And I think this is all, you
- 1:24:05know, all in the same lane here. This is all connected here.
- 1:24:08And I I'm sure you can do a good job of connecting the dots for
- 1:24:11the people. OK.
- 1:24:15So the, the push back on the on the Bitcoin social layer, I, I,
- 1:24:20I at the end of the day, I think there's going to be multiple
- 1:24:23camps. I mean, you, you see this in any
- 1:24:25kind of robust movement. Look at the church, right?
- 1:24:30The church is on every corner of the world, right?
- 1:24:33The church is, is probably the most successful movement in
- 1:24:37human history. Is there 1 sect of Christianity?
- 1:24:41No, there's like multiple sects of Christianity, right?
- 1:24:44There's the Catholic Church, there's the Baptist, there's the
- 1:24:46Presbyterians. So there's got to be bitcoiners
- 1:24:49with different Bitcoin theology, if you want to, if you want to
- 1:24:51put it that way. And, and I, I just personally
- 1:24:54believe that that if, if Bitcoin's going to win, it's
- 1:24:58gonna be, it's gonna be based on the people.
- 1:25:01And I think that a group of people that is a moral people,
- 1:25:05that is a robust people. It just, it, it, it adds to the
- 1:25:08inevitability of Bitcoin. The the founding fathers of the
- 1:25:12United States, they said that that our Constitution was
- 1:25:14written for a moral people. They said that this system is
- 1:25:19beautiful. But if we don't have moral
- 1:25:21people to continue to propel this system forward, then this
- 1:25:25democracy, this Republic that we've created will.
- 1:25:28It will go the way of every monarchy and every dictator of,
- 1:25:32of human history. Doesn't matter how beautiful the
- 1:25:34system is if we don't have a good and moral people to uphold
- 1:25:38it. And so Bitcoin perhaps is a bit
- 1:25:40different because it's computer code.
- 1:25:41So the network itself and how transactions process and all
- 1:25:45those things, it will continue YouTube function correctly.
- 1:25:49But the people on the other ends of those transactions, if
- 1:25:52they're not a good and moral people, if they don't have a, a,
- 1:25:54a, a general sense of wanting a better world and wanting better
- 1:25:58things for themselves, then then perhaps that, you know, perhaps
- 1:26:03that the future isn't so bright if we don't have those people
- 1:26:06helping facilitate the network. At the end of the day, I, I, I
- 1:26:09subscribe to the idea. And this sounds like heresy, but
- 1:26:14Bitcoin is without Bitcoiners is like a bunch of zeros and ones,
- 1:26:19right? Like it's, it's Bitcoin is
- 1:26:21nothing without bitcoiners. And so some people find that,
- 1:26:25like I said, to be heresy. I think other people find that
- 1:26:28to be empowering. Could be because it means that
- 1:26:31if you want a better world and you think Bitcoin's going to
- 1:26:33change the world, you don't just get to sit back on your hands
- 1:26:36and watch the world change before you.
- 1:26:38The call is for you to participate in that.
- 1:26:41So yeah, you do things to help develop your character.
- 1:26:44I I wholeheartedly agree with Svetsky on that, the Bushido
- 1:26:47aspect of it. But I believe that that the
- 1:26:50network effect of people working together is just far more
- 1:26:54powerful than individuals just kind of aimlessly wandering
- 1:26:57through life. All right guys, this was today
- 1:27:06actually, I, I do got a plug our boys over at Bitcoin magazine.
- 1:27:10We are taking over Vegas literally a month from now.
- 1:27:13Make sure you make it to Vegas taking over the Venetian for
- 1:27:17what's this three days, May 27th through the 29th world's largest
- 1:27:21Bitcoin event. And again, I think if we break
- 1:27:23100K by what's the what's the meme 100K by conference day.
- 1:27:27I think this is going to be the biggest coin conference ever,
- 1:27:31and that's, you know, topping a few pretty spectacular
- 1:27:35conferences. So scan the QR code and use the
- 1:27:37promo code simply all caps to get 10% off.
- 1:27:41All right, guys, on that note, Brian, thanks for coming on,
- 1:27:46man. I actually, I was gonna plug
- 1:27:49your Twitter, but let's just do this guys.
- 1:27:51Go to the Orange Pill app, you know, scan the QR code from
- 1:27:55earlier or go to your whatever App Store you have and message
- 1:28:00Brian through the orange Pill app to get in touch.
- 1:28:03That's the best way to get in touch with Brian.
- 1:28:05But hey, Brian, if you want to plug your your socials and all
- 1:28:07that stuff as well, that's that's more than OK.
- 1:28:09Just Brian them in on Twitter. If you want to reach out to me
- 1:28:11there, I'm gonna get you plugged into orange pill app.
- 1:28:13Guys, we're going to set history today in two hours, 2 hours from
- 1:28:17now. We're going to set the new
- 1:28:19milestone and and hopefully someday that'll get broken
- 1:28:22again. But the history books will
- 1:28:23record today. And you can either be just
- 1:28:27sitting doing whatever. You can be watching Netflix,
- 1:28:30whatever, or you can be making Bitcoin history.
- 1:28:33You can have your own Bitcoin history story to tell your kids.
- 1:28:37There's going to be that meme of grandpa, what were you doing on
- 1:28:41April 25th at 1:00 PM Pacific Time?
- 1:28:44Oh, I was participating in the world's most amazing mass ZAP
- 1:28:49that the world had ever seen. And then the the kids going to
- 1:28:52say freaking legend. All right, that's going to be
- 1:28:55you. Be a freaking legend.
- 1:28:57Let's go. Yeah, Netflix is not an excuse.
- 1:28:59You get Netflix and Orange Pill ZAP at the same time, so you
- 1:29:03know you're going to be a part of this.
- 1:29:06Yeah, we're we're like the the Netflix Maxis are like how dare
- 1:29:10you? How?
- 1:29:11Dare you shit on Netflix. I didn't want to do anything
- 1:29:14later. Oh man, Brian, thanks so much
- 1:29:16for coming on today. Here, let me pull you off the
- 1:29:18screen and and hang back for a little bit so we can chat after
- 1:29:21the show. The beautiful and very toxic and
- 1:29:25extremist Sophie AKA Internet Sophie AKA the better half of
- 1:29:29Nico. Thank you for coming on the
- 1:29:31show. She'll be on the show more
- 1:29:33often. You want to say anything?
- 1:29:35Last word self or let's just sign off for Friday.
- 1:29:37It's Friday. Let get, let me get out of here.
- 1:29:39Let me get out of here. No, I'm just kidding.
- 1:29:42Buy Bitcoin and the Fed and at the IRS.
- 1:29:47Hey, all right, all right, we'll give it some more.
- 1:29:48All right, all right, hang out. Let me wrap up today's show.
- 1:29:52All right, guys, this was the show for April 25th, I believe
- 1:29:55is this is episode 1231. Wow, so many episodes.
- 1:29:59Anyways, have a good weekend. We love you guys.
- 1:30:02We will be back on Monday, I'm pretty sure.
- 1:30:05I I'm actually going to force and make sure that Nico comes
- 1:30:07back because your, your, your boy.
- 1:30:10Your boy's cortisol levels were pretty high today.
- 1:30:13Trying to scramble to make this work.
- 1:30:14I thought he was coming back too, guys.
- 1:30:16Anyways, it's your boy Opti. I will see you on Monday.
- 1:30:18Have a good weekend. Get outside, call your loved
- 1:30:21ones, eat some good food, get a workout in, touch some grass,
- 1:30:25all that. Good thing we'll see you on the
- 1:30:27other side. Today's episode was brought to
- 1:30:30you by bitcoinwell.com, a Bitcoin only platform on a
- 1:30:34mission to enable financial independence.