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Bitcoin Crashes Below $95K | Is the Bull Market Over? | Simply SatoSHE · Simply Bitcoin

• 0:00
  Bitcoin just dipped below 100,000 for the first time in
• 0:04
  weeks and everyone is saying that the bull market is over.
• 0:09
  No, to be honest, we've been saying this for like the last
• 0:12
  two months, but you've got Garrett Soloway saying Bitcoin
• 0:15
  could be going back to 70K, mainstream media challenging
• 0:19
  Eric Trump saying how Bitcoin's record performance may be done,
• 0:24
  and every armchair analyst screaming the top is in.
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  Today I'm going to show you why this might be one of the most
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  bullish setups and one of the biggest bear traps we've seen
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  all cycle. Welcome back to simply Bitcoin,
• 0:43
  Satoshi. I'm Sophie, and today we're
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  going to talk about what the fuck is going on because I know
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  you're probably panicking, but there's no need.
• 0:52
  Just check out what Sailor has to say about the price dip
• 0:56
  today. Michael, given where bitcoins
• 0:58
  trading right now are you buying?
• 1:01
  We are buying, we're buying quite a lot actually.
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  And we'll we'll actually report our next buys on Monday morning.
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  I think people will be pleasantly surprised.
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  In fact, we've been accelerating our purchases.
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  Are you? Ever not buying, Michael?
• 1:16
  No, we're always buying bitcoins.
• 1:18
  Always a good investment. But no, that's interesting
• 1:22
  though in terms of buying today at $95,364 versus buying two or
• 1:28
  three weeks ago, you're saying you're buying it at both.
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  What's if you were looking over the last year sort of at your
• 1:33
  average, what do you, what do you and do you do you weight the
• 1:35
  buying based on on trading? We now own nearly 3.1% of the
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  network and we bought it on a blended average about 74,000 a
• 1:44
  coin. We all want to go to the moon,
• 1:51
  but if you want to ride the rocket, you got to be prepared
• 1:54
  to pull the GS. Over five years, bitcoins had
• 1:57
  like 6 brutal draw downs. If you roll the clock back 13
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  months, we were sitting around 68,000.
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  And then after the Trump election, we had this, this
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  incredible rally from 68 to 106,000 in five weeks.
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  If you go back 14 months, we're about 55,000.
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  And so if you'd said we're going to go from 55,000 to 94,000 and
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  14 months, that would have exceeded any reasonable
• 2:23
  investors expectations. Over five years, Bitcoins up
• 2:27
  about 50% a year on average for the five years.
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  Gold and S&P are studying the cost capital to 14%.
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  My company's strategies up 71%, equivalent to NVIDIA.
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  There's no other stock in the S&P that's done any better.
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  So I think the volatility comes with the territory.
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  If you're going to be a Bitcoin investor, you need a four year
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  time horizon and you need to be prepared to handle the
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  volatility in this market. All right, let's start with what
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  actually happened on the chart before we get into the macro
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  Galaxy brain stuff. Over the last 24 hours Bitcoin
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  sliced through that 100K floor, nuked straight down 98 K and
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  kissed the mid 90 KS, printing new 6 month lows.
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  Some exchanges even showed Wix close to 94,000.
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  That wasn't just a gentle correction.
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  OK, that was a full on liquidation cascade.
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  Over $1 billion in leverage positions were wiped out in a
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  single day, roughly half of that on Bitcoin pairs as long as got
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  margin called into oblivion. Think of it like this, the
• 3:40
  market was leaning way too far in One Direction.
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  Everyone was positioned for moon November rate cuts, 150K
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  straight line up and when the price cracked below that key 98K
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  support it was like kicking the chair from underneath us.
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  Stops got hit, margin calls fired, positions auto sold and
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  that selling triggered even more selling.
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  That's a cascade, and not just derivatives spot.
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  Bitcoin ETFs in the US just logged in their second largest
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  outflow day on record. Nearly $170 million walked out
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  the door on November 13th. Since October 10th, Bitcoin ETFs
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  have seen over $3.4 billion in net outflows.
• 4:27
  Garrett Soloway, an unsuccessful short trader who has been
• 4:31
  shorting Bitcoin since 36 K, is now crawling back out to warn
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  that we are headed to 70K again. Check out this clip.
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  The Bitcoin chart right now trading above 60,000, so just a
• 4:45
  heads up. I always try to be transparent
• 4:47
  with you guys. I added my last add to my short
• 4:50
  on Bitcoin just above 60,000, bringing my average to about.
• 4:54
  I think it's 56,000 four O 5, give or take.
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  Don't quote me on that exact number to the dollar, but that's
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  what I remember it being 56,000 four O 5.
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  We'll see if I get wrecked or not, as some of you guys like to
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  say. Look, I'm sorry I called him an
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  unsuccessful short trader. I meant an unsuccessful
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  technician. This man has been calling for
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  bitcoins death since before the bull market even started.
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  Good news though, Gareth finally cut the man bun.
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  Bad news, he still got wrecked and he's not alone.
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  Holly market is showing a 73% chance that Bitcoin falls below
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  90,000 because apparently the second the number goes down for
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  5 minutes, every bear becomes a profit.
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  And that brings us to the real question, why did this move
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  happen now? Is something broken or is this
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  just leverage getting flushed down the toilet?
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  Selling is the most bullish thing in Bitcoin and let me
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  explain why. Every single sold Bitcoin has
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  the same weight as every single other sold Bitcoin.
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  One sold Bitcoin is 1 sold Bitcoin.
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  The difference is we're now seeing it as you said, at 120K
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  versus 10K and yet the market went down.
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  I think the total was 10/9 and 1/2 billion or something.
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  The market went down 3 1/2% and then did a Dalai Lama candle
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  straight back up. When we're measuring sell side,
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  what we're actually measuring is 2 things.
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  Buy side because you need a buyer for every seller.
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  So when you see a lot of sell side, yes, that is the thing
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  that can temper out a bull and slow the market down and top
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  things out. But if it gets absorbed, you're
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  actually also measuring demand. So I will often look at sell
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  side pressure as a proxy for demand.
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  And when I see the market absorb 9 1/2 billion and not go down,
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  guys, we've got imagine who is buying the size and scale of
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  those buyers. And the other thing it's
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  measuring is the rotation of holders guys from 2010, they
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  have done their job. They came in, they supported
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  Bitcoin at its weakest point in time and they huddled 80,000 odd
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  Bitcoin for 14 years. They got Bitcoin to 100 KA 100
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  like 100K was the dream scenario that Oh my God, that's our
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  million people have come in in later cycles.
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  That's the million target for for us.
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  They hit it, they got there, they made it.
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  They can't really make it more like what's the difference
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  between 10 billion and you know, 20 billion?
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  It's like, I'm, I'm in the billion club.
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  It doesn't matter. So for them, they've already
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  made it, but they're rotating those holdings.
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  All right. Think about where you got your
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  coins from. You got your coins because
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  someone else was willing to sell and that's given you an
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  opportunity. Like for me, if, if nobody sold
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  the coins and we went straight to a million and we repriced
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  immediately straight up to the level.
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  And, and actually there's, there's a good analogy here if
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  you look, if you just observe the shit coin world, they're
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  going through a crisis because what they would do is the VCs
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  would bid up the token to massive premiums and then they
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  would list it on Binance and it goes down only forever.
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  And you know what that does? That destroys people's
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  confidence and they don't want to hold the thing, the process
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  of the market actually helping people get ahead.
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  Like if you weren't able to buy your coin to the thousand at
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  10,000, at 20, at 50, then you wouldn't have any coins.
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  It would just go to $1,000,000 and you'd be like, oh, look at
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  all those guys that ever been around since 2011 and they insta
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  got giga rich. That's actually not a healthy
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  thing. The process, right?
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  The process of markets and the process of Bitcoin getting
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  there. And the fact that we don't just
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  teleport to 1,000,000 is actually why Bitcoin is special
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  because it is the journey that we've all been on.
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  And I like to also think about it from a more philosophical
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  standpoint. What is the important part of
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  Bitcoin? We can talk about the consensus
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  rules, we can talk about mining, we can talk about the blocks, we
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  can talk about all that stuff. At the end of the day, it's the
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  UTXO set. It's the journey that that
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  holder base has gone through, the collective intelligence of
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  coins, changing hands, moving between exchanges, going between
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  cold cards and whatever else. And then eventually we get to
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  where we are today, which is after all that proof of work.
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  This is the current standing of that Ledger.
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  And if the all the other pieces broke, proof of work breaks or
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  this breaks or that breaks, moving that UTXO set somewhere
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  that's going to look after it. That's actually what Bitcoin is
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  in my view from a very philosophical standpoint.
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  So the history is what matters, and that's also the only thing
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  you can't replicate. To understand this move, you've
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  got to zoom out from the Bitcoin chart and look at the macro
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  backdrop. The big story is this markets
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  are suddenly feeling less confident that the Federal
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  Reserve is going to cut rates in December.
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  A week ago, markets were pricing in a strong chance of a cut
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  after a string of cautious comments from Fedef and some
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  hotter than expected inflation data.
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  That probability has dropped sharply, and traders are waking
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  up to the idea that higher for longer might actually mean
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  higher for longer. When rate cut hopes evaporate,
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  risk assets get hit. It's not just Bitcoin bleeding
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  here. Tech stocks have rolled over, AI
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  names have cooled off, and you're seeing a broad rotation
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  out of the risk on trade and back into boring things like
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  bonds and money market funds. Remember, at a $2 trillion
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  market cap, Bitcoin is no longer that tiny, uncorrelated rebel
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  asset hiding in the corner. It's plugged into global
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  liquidity. When yields move, when central
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  banks flinch, when macro hedges reposition, Bitcoin catches
• 10:17
  those flows instantly. Although right now it looks like
• 10:20
  Bitcoin is catching some strays. But whatever, I digress.
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  Now layer in what happened in October.
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  We already had a historic liquidation event last month.
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  That was the biggest liquidation in the history of crypto like.
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  Bigger than a. Margin call.
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  Yeah, it was like a almost a miniature.
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  Rupture like a tsunami? One of the biggest in bitcoins
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  history, where estimates range from 19 to $30 billion in
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  leverage positions getting vaporized in a single brutal
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  session. We don't talk about that day,
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  but that set the tone. That market was already fragile,
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  jumpy. So Fast forward to this week.
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  Fed doubts spike. ETF's finally see a big outflow.
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  Day traders who were positioned for a clean straight line to 150
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  K realize that maybe, just maybe, they were early and
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  everyone runs for the same exit at the same time.
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  That's how you get a 5 to 7% daily candle on something this
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  big. Here's the key point.
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  Nothing about Bitcoin's code, monetary policy or long term
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  thesis changed this week. What changed was macro
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  expectations and positioning. The selling is about how people
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  were holding Bitcoin with leverage with ETF shares, not
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  about what Bitcoin is. And in every cycle, those two
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  stories diverged, the short term casino and the long term asset.
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  If you said the the current, all assets in the world currently
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  equal about $900 trillion, underneath those assets is about
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  $600 trillion of debt. And if you include all of the
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  liabilities and I'm unfunded liabilities and the 600
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  trillion. And so if that debt went
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  insolvent, all of those assets are worthless, right, because
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  everything would collapse. So people are measuring their
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  assets within a system that that debt is already insolvent and
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  they're pretending that debt is solvent, that debt requires more
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  and more manipulation of money forever, exponentially more
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  manipulation of money so that the assets don't collapse and
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  everything within that system doesn't collapse.
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  So we're at the almost end of days.
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  They could go on a bunch longer, but that system is getting more
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  and more centralized, more and more controlled.
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  And because it has to, we'll go into that afterwards.
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  OK, now let's look under the hood because while price is
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  screaming panic, the on chain supply data is whispering
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  something very different. First, exchange balances.
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  As of this month, the total Bitcoin held on centralized
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  exchanges dropped to around 2.4 million Bitcoin, a multiyear low
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  and roughly a 14% decline from where we started this year.
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  That means fewer coins are sitting in places where they can
• 13:16
  be market sold with one click. Coins are moving into cold
• 13:19
  storage, custodians, ETFs, and long term vaults.
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  In the beginning of October, when Bitcoin was ripping to new
• 13:26
  all time highs around 127,000, the same dynamic was already in
• 13:31
  play. Exchange balances fell to their
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  lowest levels in about 6 years. Second inactive supply.
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  The amount of Bitcoin that hasn't moved in a year keeps
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  trending up, not down, even with this pullback.
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  Historically every major parabolic run in 20/17/2021 saw
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  inactive supply surge as long term holders just sat on their
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  sacks and refused to sell into fear.
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  Since 2024, that one year plus inactive supply has climbed
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  another about 10% and it's still rising third profitability.
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  Even at 95,000, roughly 70 to 72% of the entire Bitcoin supply
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  is still in profit. That's not what a blow off the
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  top everyone's wrecked scenario looks like.
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  That's what a mid cycle flush looks like, where a lot of long
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  term holders are still massively green and only the latest FOMO
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  buyers and over leveraged traders are really feeling the
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  pain. Basically these people who just
• 14:34
  got into Bitcoin are paying their dues now.
• 14:36
  There is one piece of data bears are pointing at.
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  Long term holders have sold around 815,000 Bitcoin over the
• 14:43
  past month, the largest wave of long term holders selling since
• 14:47
  2024. But here's the nuance nobody on
• 14:50
  CNBC bothers to explain. In every bull market, long term
• 14:54
  holders eventually pulse coins back into the market.
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  That's literally how we get to new all time highs.
• 15:00
  Somebody has to sell to the new buyers at the new price.
• 15:04
  Given how low exchange balances are, it looks like those coins
• 15:08
  are being absorbed by stronger hands, ET institutions,
• 15:12
  sovereigns, corporate treasuries, and hardcore self
• 15:16
  custody plebs. So when you put all of this
• 15:18
  together, low exchange supply rising in active supply,
• 15:22
  majority of coins still in profit, it doesn't really scream
• 15:25
  end of cycle to me. It screams aggressive repricing
• 15:29
  in the middle of a likely bullish setup.
• 15:32
  And while we're talking about the infrastructure behind
• 15:34
  bitcoins long term strength, the stuff that actually keeps the
• 15:38
  network secure regardless of the price action, let's shout out
• 15:42
  the people who are building those rails.
• 15:44
  SaaS mining. Would you mind Bitcoin if it
• 15:47
  were as easy as buying it? Then you should check out SaaS
• 15:51
  mining. It's not hosted mining, it's
• 15:53
  mining as a service that actually puts bitcoiners first.
• 15:58
  You can own a state-of-the-art mining rig, plug into affordable
• 16:02
  carbon free energy and stack Bitcoin just like Satoshi.
• 16:06
  No middle men, no markups, and no worries.
• 16:10
  SaaS doesn't tack on extra fees when you sign up and unlike
• 16:14
  other companies, there are no rig up charges or inflated power
• 16:18
  rates. Their entire business model is
• 16:21
  based on a clean and simple revenue share.
• 16:23
  They only earn Bitcoin if you do too.
• 16:26
  A total alignment of incentives and 100% bitcoiner values.
• 16:31
  While some claim simplicity, SAS Mining actually proves it.
• 16:35
  Let's just say if you need a compass to find your miners,
• 16:38
  you're not in the right place. This is how Bitcoin point mining
• 16:41
  should have always been done. Visit sasmining.com or scan the
• 16:46
  QR code to learn more and start hashing.
• 16:49
  Michael, given where bitcoins trading right now are you
• 16:51
  buying? We are buying, we're buying
• 16:55
  quite a lot actually. And we'll we'll actually report
• 16:59
  our next buys on Monday morning. I think people will be
• 17:02
  pleasantly surprised. In fact, we've been accelerating
• 17:05
  our purchases. Are you ever not buying Michael?
• 17:09
  No, we're always buying. Bitcoin's always a good
• 17:11
  investment. But no, that's interesting
• 17:14
  though in terms of buying today at $95,364 versus buying two or
• 17:20
  three weeks ago, you're saying you're buying it at both.
• 17:22
  What's if you were looking over the last year sort of at your
• 17:25
  average, what do you, where you and do you do you weight the
• 17:28
  buying based on on trading? We now own nearly 3.1% of the
• 17:33
  network and we bought it on a blended average about 74,000 a
• 17:36
  coin. The the point that I would make
• 17:39
  for any investor is if you have money you don't need for four
• 17:43
  years or longer, and if you don't trust anybody, you want no
• 17:46
  counterparties, you just want to own a piece of the global
• 17:51
  digital economy, you buy Bitcoin, it's the commodity.
• 17:55
  Right now you've got retail panic selling spot, you've got
• 17:58
  over leveraged traders getting liquidated, and you've got ETF
• 18:02
  holders rage quitting after a 20% pullback.
• 18:05
  But on the other side, the players with longtime horizons
• 18:09
  are buying. Even Eric Trump was just on
• 18:12
  Bloomberg talking about why he's still bullish on Bitcoin even
• 18:16
  with the crash. Check out this clip.
• 18:18
  On this one for you, you know, guess what Bitcoin prices were
• 18:21
  exactly 2 years ago from today. I'll, I'll tell you because you
• 18:24
  wouldn't know 36,500 was the cost of a Bitcoin two years ago.
• 18:28
  We are up 180% in a 24 month period.
• 18:32
  The, the, the, the spot price of, of, of BTC is probably the
• 18:36
  number one performing asset, you know, of, of any asset.
• 18:39
  And, and this is this coming from a guy who believes in hard
• 18:41
  assets, right? I mean, I run one of the great
• 18:43
  real estate portfolios anywhere in the world.
• 18:45
  Cryptocurrency is absolutely on fire.
• 18:48
  Cryptocurrency is taking on the. World.
• 18:50
  Well, Bitcoin is up this year by about 5%.
• 18:52
  The S&P is up 15%. The NASDAQ 100 is up 20%.
• 18:56
  Gold is up close to. 60% this. Year.
• 18:58
  No, I'm just. Saying do you want to reverse?
• 19:00
  Hold on, Carol. Do you want, do you want to
• 19:01
  reverse that? I mean, do you want to go back
• 19:02
  two years? Do you want to go back three
• 19:04
  years? You want to go back five years?
• 19:05
  You want to go back 10 years? I know, I know how to dice and
• 19:08
  slice the market. Have gone up on average of about
• 19:10
  70% a year, year over year for the last 10 year period of time.
• 19:14
  All I'm saying is if you invested in BTC two years ago is
• 19:17
  probably the best investment you could have made.
• 19:19
  If you made invested BTC five years ago, you know you're
• 19:23
  sitting on infinite amounts of money, right?
• 19:25
  BTC has been probably the highest performing asset of the
• 19:29
  last decade right now. Also with BTC comes volatility,
• 19:33
  with crypto comes volatility. Volatility is our friend.
• 19:36
  Volatility is something that should be harnessed, right?
• 19:38
  And, and so I think Bitcoin is going to continue to, to
• 19:41
  massively over perform the, you know, the markets, of course,
• 19:43
  you're going to have draw downs, right?
• 19:45
  I mean, every, every cycle has draw downs.
• 19:46
  You're seeing you were talking about NVIDIA, you know, in, in,
• 19:50
  in the intro clip to, to introducing me today and how
• 19:53
  they're down 4% and it's one largest companies on earth, if
• 19:55
  not the largest company on Earth, right?
• 19:57
  I mean, that's down 4%. You're going to have drawdowns
• 19:59
  and things. That's that's life.
• 20:01
  But. Look at the historical
• 20:02
  performance of an of an asset and and and nothing has compared
• 20:05
  to to what. Bitcoin has It doesn't matter if
• 20:07
  you're sacking $50 a week, running a family office or part
• 20:12
  of one of the most famous political families in the world.
• 20:14
  People become experts in bitcoin's death the second the
• 20:19
  price dips. People who actually understand
• 20:21
  the asset, they aren't panicking.
• 20:23
  Now here's where it gets interesting.
• 20:26
  A lot of macro analysts, including Mark Moss, believe the
• 20:29
  Fed may have just triggered the next liquidity crunch.
• 20:32
  And if that's true, massive liquidity may be about to enter
• 20:37
  the system. Central banks always choose
• 20:40
  inflation over deflation. Always protect the financial
• 20:43
  system. Overpriced ability now Ben
• 20:46
  Bernanke said it explicitly in 2002.
• 20:48
  Quote. The US government has a printing
• 20:51
  press that allows it to produce as many dollars as it wishes at
• 20:55
  essentially no cost. End Quote.
• 20:59
  That's the Feds nightmare. Deflation and collapse.
• 21:02
  But inflation? They can create that on command
• 21:06
  now. The track record of course
• 21:07
  proves this. 2008 QE, 2012 druggies quote, whatever it
• 21:12
  takes program 2029 emergency programs and massive QE.
• 21:17
  And now, well, they're ending QT on December 1st.
• 21:21
  Powell already said that the Fed quote, will need to expand the
• 21:25
  balance sheet again. Lori Logan said that they'll
• 21:27
  need to, quote, begin buying assets.
• 21:31
  So they told you what's coming, right?
• 21:33
  They'll print, maybe they'll call it something else.
• 21:35
  Maybe they'll call, you know, liquidity operations, or they'll
• 21:38
  call it not QE, QE, but whatever you want to call it, money is
• 21:41
  going to be created. And so if you're holding dollars
• 21:44
  in a savings account, you're about to get diluted.
• 21:47
  If you hold assets, stocks, real estate and Bitcoin, anything
• 21:50
  with real value or scarce supply, you've at least got a
• 21:53
  chance to keep pace with the printing press.
• 21:56
  But this isn't neutral, right? QE creates winners and it
• 21:59
  creates losers. The top 10% own over 2/3 of the
• 22:04
  nation's wealth. They own 80% of the stocks.
• 22:07
  So when the Fed pumps asset prices, they benefit.
• 22:10
  But savers, they get left behind.
• 22:12
  And then the wealth gap, it widens, right?
• 22:15
  This is the data. This is the pattern that's about
• 22:18
  to repeat. So the only question that you
• 22:20
  should be asking yourself is which side of the line are you
• 22:23
  going to be on, right? If we stack all this up, the Fed
• 22:27
  drain liquidity while the government spent like it's still
• 22:31
  in a crisis that triggered A funding stress funding crisis.
• 22:34
  Stopping QT just freezes the problem, but it doesn't actually
• 22:38
  fix it. And when they restart QE, which
• 22:40
  is what they're doing now, it's not going to be like the 2000
• 22:43
  tens. You're going to see both asset
• 22:45
  inflation and consumer price inflation at the same time.
• 22:48
  If he's right, this entire crash might not be a top, it might be
• 22:52
  a bear trap engineered by bigger players while retail freaks out.
• 22:57
  Now before we zoom out and put a bow on this entire move, quick
• 23:01
  break. Because surviving these
• 23:03
  drawdowns isn't just about conviction, it's about having
• 23:05
  the tools to keep you liquid without selling your Bitcoin.
• 23:09
  If you're stacking sats, you need Bitcoin backed services you
• 23:13
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  a perfect record of protecting client assets.
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  Why is a let in loan different? Collateral is not lent out to
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• 23:49
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• 23:52
  Scan the QR code or click the link in the show notes below to
• 23:55
  get your discount today. Now let's wrap up the show.
• 23:59
  So where does this leave us in the short term?
• 24:03
  This crash is a reminder that Bitcoin is still Bitcoin,
• 24:07
  brutally volatile, Ruth honest and completely unforgiving to
• 24:12
  leverage. If you're overextended, the
• 24:14
  market will find you and they will liquidate you.
• 24:18
  But structurally, the halving math hasn't changed.
• 24:21
  The 21 million cap hasn't changed, exchange balances are
• 24:25
  still multi year lows, inactive supply is still climbing and
• 24:30
  even at 95,000 most of the network is still in profit and
• 24:35
  holding. The narrative has changed from
• 24:38
  straight line sign up only to oh wait, this is a market with
• 24:43
  macro liquidity and human emotion.
• 24:45
  That's not bearish, that's just reality.
• 24:48
  So here's my challenge for you. Instead of asking is the bull
• 24:52
  market over, ask what side of this transfer do I want to be
• 24:56
  on? They're going to be real winners
• 24:58
  and losers and and you're not going to get a do over, you
• 25:01
  know, you're you're not going to get a do over.
• 25:03
  It's not going to be like, oh gosh, I missed it.
• 25:04
  Maybe I'll, you know, I mean, it's like we could wake up one
• 25:07
  day and the government could say, you know, we're going to a
• 25:08
  gold standard. We're taking the price of gold
• 25:10
  up to $20,000. We either own gold and gold
• 25:12
  mining stocks or you don't. They're going to go enormously.
• 25:15
  Same thing with Bitcoin. I mean, you know, the US could
• 25:18
  say we're going to do a strategic Bitcoin reserve and
• 25:20
  the Bitcoin price could triple. Well, if you don't have any, you
• 25:23
  don't benefit from that. Do you want to be the person
• 25:25
  panic selling into a leverage wipeout and ETF capitulation or
• 25:30
  do you want to be the person calmly sacking when the fear and
• 25:33
  greed index is screaming fear and fundamentals are intact?
• 25:38
  Drop a comment and tell me, are you buying the SIP sitting on
• 25:41
  your hands or did this crash shake your conviction?
• 25:45
  Be honest, this is how we all get better.
• 25:48
  Either way, remember to zoom out.
• 25:50
  Stay humble, take self custody and stop letting red candles
• 25:54
  rent space in your head. Stack slay and stay bullish.
• 25:58
  I'm Sophie. This is simply bitcoins.
• 26:00
  Satoshi. Hit the like button, subscribe
• 26:03
  to this channel and turn on the notification bells and I'll see
• 26:07
  you in the next one. Hi.