Latest / Simply Bitcoin / $837 Billion Bank EXPOSED For Selling Bitcoin to Rich!! | EP 1269

Transcript

$837 Billion Bank EXPOSED For Selling Bitcoin to Rich!! | EP 1269 · Simply Bitcoin

• 0:00
  Yo, Spain's second largest bank just discovered, has been
• 0:05
  recommending Bitcoin allocations to their wealthy clients since
• 0:10
  September. But it's the not the only
• 0:13
  country in Latin America that's been following this trend.
• 0:16
  Country of Brazil, Banco Itao, the largest Bank of that country
• 0:21
  has been offering Bitcoin and crypto trading to their clients
• 0:25
  as well. The trend seems to be continuing
• 0:28
  worldwide to the point that even Jamie Dimon is saying hey
• 0:32
  listen, we're going to have to offer Bitcoin trading to our
• 0:36
  clients, but this is absolutely massive breaking news.
• 0:39
  This is a huge bank in Spain, lots of legitimacy, lots of
• 0:44
  legacy and since September, so it's been a while now it's been
• 0:49
  more than six months they've been kind of doing this under
• 0:52
  the radar and wait till I tell you the allocation recommended.
• 0:56
  They're recommending up to 7%, which goes along with what we've
• 1:01
  been saying on simply Bitcoin, which is you kind of start
• 1:04
  dipping your toes in a little bit into Bitcoin.
• 1:06
  You start with those 1 to 2% allocations and then before you
• 1:10
  know it, you know, you end up like me and Opti 100% in, right?
• 1:14
  So this is pretty crazy breaking news.
• 1:16
  This jumps straight into the article where let's let's talk a
• 1:19
  lot about this and let's break it down.
• 1:22
  I think the article originally came from Reuters.
• 1:24
  We have a special guest for today, we have John from Future
• 1:31
  Bit. We're going to be talking about
• 1:32
  Future Bit during the culture segment.
• 1:34
  It's super cool. It's very interesting.
• 1:36
  I think you guys are going to love it as bitcoiners anyways.
• 1:39
  Breaking news from Reuters Spanish bank BBVA tells wealthy
• 1:44
  clients to invest in Bitcoin Spanish lender BBVA is advising
• 1:50
  wealthy clients to invest up to 7% of their portfolio into
• 1:55
  cryptocurrencies, an executive said on Tuesday, in the latest
• 1:59
  sign some banks are warming up to a sector long avoided by
• 2:03
  mainstream finance because of its risks.
• 2:05
  I would say the key the the smoking gun out of all of this,
• 2:11
  forget the title, forget the second largest bank in Spain is
• 2:16
  recommending this. The key is the allocation size
• 2:20
  because a year ago, six months ago, two months ago, it started
• 2:24
  like 1 or 2%. Now it's all the way up to 7%
• 2:28
  before I keep going Opti Thoughts on this bro?
• 2:30
  I mean, it's almost as if we were right.
• 2:33
  Yeah, it's almost as if we were right.
• 2:34
  Now, this is obviously a change, though it is interesting.
• 2:38
  We did see something similar come out of Russia, where they
• 2:41
  only allowed their wealthy investors to get into Bitcoin.
• 2:44
  And then the second thing is, of course, they've been doing this
• 2:47
  since September. Just a Fact Check, guys.
• 2:49
  It's June of 2025. So they've been doing this for
• 2:52
  over six months, recommending Bitcoin for a lot of times.
• 2:55
  We're wondering, OK, who's actually getting into Bitcoin?
• 2:58
  But Nico, will you Scroll down to the very bottom of this
• 3:00
  article here? The very last sentence, I think
• 3:03
  might be one of the most important parts of this article.
• 3:07
  No, no go. Oh, yeah, there it is.
• 3:08
  If you look at a balanced portfolio, if you introduce 3%,
• 3:12
  you already boost the performance and then go down at
• 3:15
  3%. You are not taking a huge risk.
• 3:17
  This is what we've been telling you guys for a long time.
• 3:20
  Again, we have moved from Bitcoin being a risky asset to
• 3:23
  now, hey, just add a little bit of Bitcoin to your portfolio.
• 3:26
  It's not that big of a risk. It will actually probably boost
• 3:29
  the performance of your portfolio.
• 3:31
  So now the signal's getting out there.
• 3:33
  Obviously they haven't gone full sailor yet.
• 3:35
  It's not you know what's a triple maxi, 150% leverage all
• 3:40
  your assets, sell all your chairs level yet.
• 3:42
  But it is kind of a trend we've been seeing that everyone tips
• 3:46
  their toes. We've been talking about it for
• 3:48
  a while that the institution, for a while there, it was career
• 3:51
  risk to basically even suggest Bitcoin.
• 3:54
  And now we've gotten to the point where it's a career risk
• 3:57
  not to suggest Bitcoin. So it's super interesting to see
• 4:01
  this development happen in real time.
• 4:02
  Obviously, you know, you don't need a bank to tell you to buy
• 4:05
  Bitcoin. But having more legitimacy and
• 4:08
  more of these quote trust institutions starting to embrace
• 4:11
  Bitcoin, I think it's going to further spread the signal to
• 4:14
  everyone else out there. Yeah.
• 4:16
  I mean, and also thing that I'll say too is like the the creep,
• 4:20
  right? Because eventually, initially it
• 4:21
  was 1 to 2%, and then it's moved all the way up to 7%, right?
• 4:26
  And they're basically saying, hey, 3% is not a huge risk.
• 4:29
  Now, what's really interesting is that, like, take a look at
• 4:32
  what regulatory bodies are saying.
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  It's kind of in stark contrast. The European Securities and
• 4:38
  Markets Authority said earlier this year that 95% of EU banks
• 4:42
  do not engage in crypto activities.
• 4:45
  And it goes on to say regulators continue to warn about the risk
• 4:48
  of cryptocurrencies, saying investors should expect to lose
• 4:51
  all their money. So despite, you know, kind of
• 4:54
  this regulatory hostility that continues to come out of Europe,
• 4:58
  I think it's because they really want a CBDC, the bank.
• 5:03
  Europe's largest banks, whether in France, in Spain, are like,
• 5:08
  dude, we don't really trust you guys.
• 5:10
  You know, you should maybe invest 7% of your portfolio into
• 5:13
  Bitcoin. Anyways, before we continue, I
• 5:16
  want to get our guest thoughts. John, you know, as a the Bitcoin
• 5:20
  entrepreneur, you know, in the space you've been building for a
• 5:24
  while now, what are your thoughts on this dude?
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  Because this wasn't the case. It's almost like the
• 5:30
  legitimization of Bitcoin in the, the, the eyes of Tradfi.
• 5:33
  I think as Bitcoiners, they're just kind of like, dude, like
• 5:37
  Bitcoin in self custody, don't really care about all this
• 5:39
  stuff. But I remember, you know, five
• 5:42
  years ago we were getting laughed out of the room.
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  And now it seems like they're just like, hey, we actually want
• 5:48
  a seat at the table. This Bitcoin thing is actually
• 5:51
  not so bad after all. John, what are your thoughts?
• 5:54
  Yeah, man, it's hilarious watching this play out and being
• 5:58
  in the space for 10 years and, you know, seeing them, you know,
• 6:03
  from a personal experience, the banks actively fight against
• 6:07
  what I have been personally building for the past decade.
• 6:10
  And now we're seeing them come into the fold.
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  It's, it's, it's pretty, pretty insane to watch the full 180
• 6:16
  they've done. You know, as the saying goes,
• 6:18
  first they laugh at you, then they, then they ignore you, then
• 6:22
  they fight you. And now we're at the phase of,
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  you know, they're, they're just joining the fold because they
• 6:26
  know this is an unstoppable monetary force and they're
• 6:29
  either going to join us or they're going to be left in the
• 6:33
  dust. You know, I when I first started
• 6:36
  the company back in 2015, I could barely get banked in in
• 6:41
  any bank because we were building Bitcoin hardware with
• 6:46
  the and when we did get started, they were actively trying to
• 6:49
  debank us. And you know, you've heard all
• 6:51
  the stories of all the major institutions de banking,
• 6:54
  bitcoiners and Bitcoin companies.
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  That was true. I'm I'm a live case of that.
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  I had to fight that with crazy stuff back in the day to to stay
• 7:06
  afloat. And now they're coming at us
• 7:09
  trying to get trying to invest in US and trying to be part of
• 7:13
  what we're building. So it's, it's been a wild ride,
• 7:16
  man. And it's it's pretty crazy to
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  see how how the narrative has changed over the years.
• 7:21
  Absolutely. It's completely changed.
• 7:23
  It's done AA180, so to speak. And again, I think it's bitcoins
• 7:28
  incentives. Now what's really interesting
• 7:30
  about this article as well, and then we're gonna move on to this
• 7:32
  post by James Lavish is it goes on to say Reuter.
• 7:35
  The According to this Reuters article, BBVA was one of the
• 7:39
  first large global banks to advise its wealthy clients to
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  buy cryptocurrencies. It had been executing on client
• 7:46
  requests to buy them since 2021. So this has been happening
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  behind the scenes for four years now, which is pretty effing wild
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  in my opinion. And I mean, it makes sense,
• 7:58
  right? You have a lot of wealthy
• 8:00
  people, I'm sure I'm assuming they, they manage a lot of high
• 8:02
  net worth individuals wealth and they're like, hey, you know this
• 8:05
  Bitcoin thing. It might be a good idea to get
• 8:08
  some just in case it catches on. Well, well, Nikka, hold on.
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  Before you go on, the wording there is on client's request.
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  So if you came to them, they would you know, give you some
• 8:16
  advice. Now they're actively pushing
• 8:18
  Bitcoin to all of their clients. So that is the huge shift.
• 8:21
  One 1000% right? So anyways, I'm going to kind of
• 8:25
  connect this with with this post by James Lavish.
• 8:29
  And again, check out the date, this was from June 4th, 2024
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  kind of prophesizing what essentially is happening here.
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  So James starts off with institutions will first add a
• 8:42
  tiny bit of Bitcoin to select portfolios.
• 8:46
  As we're beginning to see this is called towing into a trade.
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  Then they will do enough research to learn that by adding
• 8:54
  one to two, one to 5% allocation to Bitcoin of Bitcoin to
• 8:58
  traditional portfolios like the 6040 over the last decade not
• 9:02
  only enhances absolute returns, but also raises the the sharp
• 9:07
  ratio and only marginally increases the draw downs.
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  Now connect the dots with what Opti was pointing out with what
• 9:15
  the the last part of this article said.
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  If you look at a balanced portfolio and you introduce 3%,
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  you already boosted the performance at 3%.
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  At 3%, you're not taking a huge risk.
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  So that's exactly what James Lavish is predicted back in
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  2024. And here we are in 2025 and you
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  look at look. At that right.
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  Anyways, he goes on to say it is at this point that they not only
• 9:40
  increase their first allocation, first allocation to a full
• 9:44
  position, but they start adding Bitcoin to other portfolios,
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  first reallocating capital from stocks and then bonds and then
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  both. And they will not be price
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  sensitive like individual investors.
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  They will just participate with the market volumes and buy and
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  then more institutions will wake up and come on board than many
• 10:03
  than most. Then career risk will have
• 10:05
  transformed from owning Bitcoin to not owning any slowly than
• 10:10
  suddenly. I would say that we are in the
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  suddenly phase absolutely for sure, 100% without a shadow of a
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  doubt. And by the way, this isn't just
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  an isolated incident, as I was saying before.
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  But before I get into that, I want to get your thoughts on
• 10:25
  this. I mean, James Lavish, bro, like
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  absolutely spot on predicting the future, dude, of what
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  inevitably was going to happen. But I'm going to give ourselves
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  a little bit of credit. I think as all Bitcoiners, you
• 10:38
  start with that like, yeah, I'm just going to buy a little bit,
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  but before you know it, like within 24, like within 3456
• 10:48
  months, you're 100% in John, am I right?
• 10:52
  Am I wrong? What are your thoughts?
• 10:55
  You're, you're definitely right in terms of the narrative that's
• 10:58
  been playing out on Wall Street itself and, and how people are
• 11:01
  getting into Bitcoin and understanding it.
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  And you know, eventually they'll keep allocating more and more
• 11:06
  until you know, they'll, they'll come to you on the understanding
• 11:09
  that this whole system is rigged.
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  And if you're not nearly 100% allocated, you're, you're pretty
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  much losing at the end of the day.
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  But it what I'm more concerned about and what all these
• 11:21
  narratives have been playing out, especially in the last two
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  years with Sailor and Wall Street and, and the whole
• 11:29
  institutional push of Bitcoin is people are, are understanding
• 11:34
  Bitcoin in, in this stock Wall Street narrative.
• 11:39
  And all the new entries are not understanding Bitcoin the
• 11:41
  network and, and Bitcoin, what it means to actually run
• 11:45
  Bitcoin. And that's kind of like my
• 11:46
  mission of, of what I'm trying to change.
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  And there has not been enough discussions about that.
• 11:52
  If more people don't understand that Bitcoin is more than just
• 11:56
  this asset that you can just buy, it's not going to be good
• 12:01
  for the health of Bitcoin long term.
• 12:03
  People have to understand that Bitcoin itself is a monetary
• 12:07
  network that's run by you, by people.
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  And if enough people are not participating at the base layer,
• 12:14
  it's not going to be good for the long term.
• 12:17
  And you know, while I love, you know, while these new stories
• 12:22
  get all the views and get all the likes and get all the, the,
• 12:26
  the attention, we can't forget what Bitcoin is about at the end
• 12:33
  of the day and what it means to for all of us to run Bitcoin and
• 12:37
  what it means for freedom. And just want to make sure that
• 12:41
  with all these discussions, that's that's not forgotten.
• 12:45
  Yeah, and I think that's a really good point, something
• 12:47
  that we echo here on Simply Bitcoin, right?
• 12:50
  Not your keys, not your keys. Like really, if we really want
• 12:54
  the world to change, we really need individuals becoming
• 12:58
  sovereign by basically taking their wealth into self custody.
• 13:03
  That's really how this works. And as, as you said, John, like
• 13:08
  the, the kind of the, the danger, I don't see the danger,
• 13:12
  but I don't know, I don't know how, what, what other word to
• 13:15
  use, But kind of like the risk factor here is that essentially,
• 13:19
  you know, you have this centralization of this, of, of
• 13:22
  this large amount of, of Bitcoin with these custodians.
• 13:27
  I believe, like the vast majority of Bitcoin is held on
• 13:31
  Coinbase on behalf of all these ETFs, on behalf of strategy,
• 13:36
  right? Like ideally you want
• 13:38
  individuals all taking Bitcoin into self custody.
• 13:41
  And then there's a conversation about paper Bitcoin, right?
• 13:43
  Because if you have this centralization of custody of
• 13:46
  Bitcoin, right, you know, technically, I'm not saying
• 13:49
  they're doing this, there's no way to verify this.
• 13:51
  That's the, that's the whole problem, right?
• 13:53
  But technically, like Coinbase could be just selling paper,
• 13:58
  right? Like they, they technically
• 14:00
  don't like if, if people aren't taking Bitcoin into self
• 14:04
  custody, there's really no way to verify that.
• 14:06
  It's kind of like a trust me, bro type of situation.
• 14:09
  Anyways, before I move on, I do have a video again, I was trying
• 14:13
  to connect the dots for you guys earlier, right?
• 14:15
  So you have a huge bank in Spain basically making the
• 14:20
  announcement that, hey, they, they've been, you know,
• 14:23
  facilitating, they've been allowing their wealthy clients
• 14:25
  to buy Bitcoin. They're recommending up to 7% of
• 14:28
  their portfolios. Huge amount, big increase.
• 14:32
  James Lavish absolutely predicted it.
• 14:34
  But here's a video of Ricardo Salinas basically saying that,
• 14:39
  look, he's going all in as well, right?
• 14:41
  Let's check it out and then we'll talk about it.
• 14:44
  Mainly because, you know, the authors of the fraud are the
• 14:49
  people in government and positions of power and they're
• 14:53
  the number one beneficiaries of all this money printing.
• 14:57
  Of course, the normal people are the ones that lose their savings
• 15:02
  through inflation and debasement.
• 15:04
  So yeah, Bitcoin is is here to stay.
• 15:07
  I really don't care about its price daily.
• 15:10
  You know, as a matter of fact, it's funny because I heard in
• 15:13
  your intro, the billionaires who buy happens to be that we're in
• 15:17
  a buying this precise week unrelated to this war.
• 15:23
  But yeah, we've been increased our our Bitcoin holdings
• 15:26
  considerably just in this past week because I'm not going to be
• 15:29
  waiting to time the perfect moment to get in.
• 15:33
  I just know what's going to happen down the road and I don't
• 15:36
  want to miss out on that. So again.
• 15:39
  High net worth individuals all around the world, they're buying
• 15:43
  Bitcoin, they're seeing the strategy stock play performing
• 15:47
  extremely well and they're looking at following the
• 15:51
  footsteps. That's what I'm looking at.
• 15:54
  I would say where I want to kind of pivot this conversation, just
• 15:58
  open it up to Opti. Like, I mean, look, bro, like we
• 16:02
  have this Max so so-called massive interest from Wall
• 16:06
  Street. You know, all these buys from
• 16:08
  BlackRock, all these buys from these massive banks in Europe,
• 16:12
  strategic Bitcoin reserves on the state level, on the federal
• 16:15
  level. And I, I texted this to my
• 16:19
  father-in-law the other day, You know, I said, I'm like, this is
• 16:22
  one of the most boring bull markets I've ever lived through.
• 16:24
  Like from a price action perspective, like people are
• 16:27
  buying all this Bitcoin supposedly and we've been
• 16:30
  basically at 100K for the last 40 days.
• 16:33
  I'm pretty effing bored. But I might be spoiled just
• 16:37
  because, you know, the previous, previous markets were a little
• 16:40
  bit more exciting, man, a little bit more dopamine.
• 16:43
  I feel like you're like, we're not getting that back anymore,
• 16:46
  Opti. Well, you can tell Niko's
• 16:48
  dopamines are fried over here. Too much Twitter, too much
• 16:52
  social media, too much Bitcoin price going nuclear.
• 16:55
  Are you saying that you're content?
• 16:58
  No, I'm saying I think, I think it's still going to pump by the
• 17:02
  end of the year. This is it's still early.
• 17:03
  But like, are we talking about like, oh, we pumped to 120?
• 17:06
  Five. No dude, I've been saying it
• 17:08
  forever. I am still convinced 203100K is
• 17:13
  still in play. What's that?
• 17:14
  What's the old name about? 33 K by conference today, 333 K
• 17:17
  by I don't know which conference on that day, but Nico, I do want
• 17:21
  to mention. All right, so will you pull up
• 17:24
  the James Lavish tweet real quick?
• 17:25
  So I so I can I can say as he said it all right, but where is
• 17:31
  it? It's at this point?
• 17:32
  Is it this one? Sorry, sorry, all right, this
• 17:37
  point. So he goes, you know they'll dip
• 17:40
  their toes and then they will not be price sensitive like
• 17:43
  individual investors. Did you guys listen to what
• 17:46
  Selena said? He's literally said the exact
• 17:49
  same thing. He's like, I don't care at what
• 17:50
  price it is. I don't care what the news is.
• 17:53
  He's like, I just want an allocation to this thing called
• 17:57
  Bitcoin. Now, as John was saying earlier,
• 18:00
  I, I've, I've been pushing back a lot on the digital gold meme
• 18:02
  on this show, because I obviously Bitcoin is much more
• 18:05
  than just digital gold. Now, of course there's examples
• 18:08
  that people need to use so they can kind of wrap their head
• 18:11
  around what is going on here. But I, I totally agree.
• 18:14
  I think we do need to continue to emphasize Bitcoin as money,
• 18:18
  as a monetary network, as a new monetary protocol.
• 18:21
  And like John was saying, you know, I, I think just framing
• 18:24
  Bitcoin as an asset is kind of putting Bitcoin in a much
• 18:27
  smaller box than it actually is. But you can see that the people
• 18:30
  that actually understand what this Bitcoin thing is or the
• 18:33
  potential of where it's going, understand it as something that
• 18:37
  they need to hold, something that it's not really an
• 18:39
  obligation, It's not an option. You need to hold this or else.
• 18:43
  Actually, Nico, I know we're on YouTube, but could we pull up
• 18:47
  your tweet that you put this morning?
• 18:50
  I, I like, I like the, I like the tweet you did of the buy
• 18:54
  Bitcoin one. I think it's kind of fitting
• 18:56
  here considering like Nick said, we're seeing some of the highest
• 18:59
  net worth individuals finally come into Bitcoin.
• 19:02
  And as much as I'm here to get Bitcoin in as many people's
• 19:05
  hands as possible, if you understand the market supply
• 19:08
  dynamics of Bitcoin, it's the huge deep pockets that do move
• 19:12
  the market here. And so Nico's, you know,
• 19:14
  dopamine receptors are fried and he's waiting for the big pump.
• 19:17
  But in this context, as Nika said this morning, you know, buy
• 19:22
  Bitcoin, don't get poor and end war.
• 19:25
  A noble cause. In my opinion, if the richest
• 19:27
  people are looking at Bitcoin, you should probably do the same.
• 19:31
  I don't know, that's just kind of my 2 sets.
• 19:32
  If the smart money's buying Bitcoin, you should probably do
• 19:35
  the same thing. I mean, I mean it like it is a
• 19:37
  pretty noble 'cause I mean, that's essentially what it is,
• 19:40
  right? Like, you know, like buy
• 19:42
  Bitcoin, earn Bitcoin, mine Bitcoin, put into self custody,
• 19:46
  don't get poor. And you know, and, and in the
• 19:49
  process, you're essentially defunding the Fiat system, which
• 19:53
  is what enables endless wars in the 1st place.
• 19:56
  It's a very noble cause. Very noble cause, agreed John,
• 20:00
  is that. Am I am IA?
• 20:01
  Kook am I? Am I seeing things that are not?
• 20:03
  There is. Will Bitcoin end war?
• 20:08
  Well, listen, what, what's all war funded by?
• 20:11
  It's, it's funded by the money printer.
• 20:12
  So there's, if people have to hold onto and use an asset that
• 20:17
  is not printed to Infinity, the incentives change, right?
• 20:21
  You have to start thinking about what matters more in this world
• 20:24
  and, and what produces more value beyond the easy money that
• 20:29
  that has come in the past, you know, 20 years, 30 years since,
• 20:33
  you know, we left from the gold standard back in the 70s and has
• 20:37
  enabled this whole new fucked up world, let's say.
• 20:43
  I, I think if the world does change to Amari's system that
• 20:48
  that is based on Bitcoin, the, the whole incentive structure
• 20:52
  will change and how billionaires, states,
• 20:57
  governments operate that, that, that will change as well.
• 21:01
  So I think you're, you're 100% on, on, on correct on that.
• 21:06
  And it's, it's also back to that, to the discussion of what
• 21:09
  you guys were saying in terms of, you know, the big
• 21:12
  institutions and billionaires buying Bitcoin.
• 21:15
  It's interesting to see going through the cycles.
• 21:18
  I've been through three cycles now.
• 21:20
  Most of the previous cycles were driven by retail, you know, just
• 21:23
  simply following in and buying the top and then doing all these
• 21:26
  blow off tops. We can kind of see, you know, in
• 21:29
  the past year it's just been yeah, sure, there's been dips
• 21:32
  and stuff, but it's just been a slow steady growth.
• 21:34
  And and you can see that's because of big institutional buy
• 21:37
  pressure. So, you know, this this whole
• 21:40
  new narrative that's that's coming about because of this
• 21:44
  that, you know, there, there could essentially not be another
• 21:47
  big crash. I'm kind of starting to to think
• 21:50
  that could be a reality. And that's kind of like the good
• 21:52
  side, I guess, of of big players get involved in Bitcoin and
• 21:56
  obviously that's inevitable. But that that big FOMO retail
• 22:03
  blow off tops might not happen again.
• 22:06
  There's there's, you know, especially if retail doesn't
• 22:09
  come back in which they really have not.
• 22:13
  And that's also kind of sad to see.
• 22:15
  But at the other end of things, you know, we might have a state
• 22:19
  where Bitcoin reaches this, you know, buy, sell, demand state
• 22:23
  where it's just slowly growing and, and you never see it do a
• 22:27
  major crash again, especially if we reach the adoption levels on
• 22:30
  the institution side that we're we're slowly approaching so.
• 22:34
  Absolutely. And by the way, you're not the
• 22:35
  only one to say that. But before we get to it, guys,
• 22:39
  smash like button. If you guys are enjoying the
• 22:40
  show, that's 1600 live viewers between YouTube and X.
• 22:44
  And of course, our Rumble audience coming in strong.
• 22:46
  If you guys are enjoying the show, make sure to smash that
• 22:49
  like button. Really, really helps the algos.
• 22:51
  I think we just broke 100 likes on YouTube.
• 22:53
  Help us break 150 likes by the time we get to the 30 minute
• 22:56
  mark. Again, you guys are enjoying the
• 22:58
  show, smash that like button. So kind of pulling this up,
• 23:02
  John, because it reminds me of something that I think we talked
• 23:04
  about on Monday. You're not the only one who is
• 23:07
  who is talking about this, right?
• 23:10
  Brad Mills posted this and it went semi viral and he said
• 23:13
  Bitcoin cycles are over. The days of parabolic Bitcoin
• 23:17
  booms and devastating crashes are done.
• 23:19
  Bitcoin is inevitable and we are at the beginning of the sailor
• 23:23
  cycle. Are you positioned for the next
• 23:25
  100 X in Bitcoin? The chasm has been crossed.
• 23:28
  So it's kind of making the same argument that John was making.
• 23:31
  And what were those chasms? So chasm number one was the
• 23:34
  launch of the ETF in the beginning of 2024 and then the
• 23:38
  this previous election where you have a pro Bitcoin
• 23:41
  administration in the White House.
• 23:43
  And then, of course, the performance of sailors, you
• 23:47
  know, stock in in traditional finance, right.
• 23:51
  And then what he's predicting is, you know, a Bitcoin global
• 23:54
  reserve asset, a strategic Bitcoin reserve.
• 23:56
  That's already happened. Corporate Bitcoin treasury
• 23:57
  that's already happened 10 year cycle like again.
• 24:01
  So you know, it, it might just be this kinda, you know, this
• 24:05
  this, this. Grind up.
• 24:07
  But I will say this, the cycle isn't over yet.
• 24:10
  Every single cycle I always hear super cycle.
• 24:14
  And you know it, Bitcoin has a way of doing whatever Bitcoin
• 24:19
  feels like doing. And Bitcoin also has a way of of
• 24:23
  humbling people, right? So we shall wait and see.
• 24:27
  John, you have any thoughts on this?
• 24:28
  Because this is literally exactly what you're describing.
• 24:31
  Yeah, I mean, imagine the the humble pie people eat if Bitcoin
• 24:36
  just continues going up and there's not this major crash
• 24:39
  that everybody expects because it's happened for every single
• 24:42
  cycle. And I think that would be one of
• 24:46
  the best outcomes because all these guys that are in for the
• 24:49
  short term profit and greed are going to get wiped out because
• 24:53
  they're going to sell the Bitcoin at where they think it's
• 24:55
  going to be the top. They're going to lose all their
• 24:58
  Bitcoin and hold on to this Fiat in the hopes of buying it back.
• 25:02
  And it will continue going up. And what they'll end up buying
• 25:04
  back is a fraction of what they previously held.
• 25:08
  So I would love if that that type of cycle played out because
• 25:13
  that would that would wipe a lot of the greed out in the space.
• 25:16
  And and only those that have true convention and and true
• 25:21
  truly believe in what Bitcoin's about and and what it means for
• 25:24
  the world will will be holding that the actual Bitcoin.
• 25:27
  So yeah. Yeah, absolutely.
• 25:29
  I think it's a. It's a really, really, really.
• 25:31
  And hey, Nico, can is there a way for us to do back-to-back
• 25:34
  side by side screens on here? I don't know if we.
• 25:37
  Could. I don't think you can, but OK.
• 25:39
  Well, while we're looking here, let's start here.
• 25:42
  Does this move over? OK, look at this new structure.
• 25:45
  Obviously we are all familiar with the, with the cycles and
• 25:47
  then seemingly there's speculation of, of what's going
• 25:50
  on going forward this 10 year cycle.
• 25:53
  Well, you know, I, I am AI, am a macro trader now.
• 25:56
  So I'm looking at other assets outside of Bitcoin.
• 25:59
  I don't trade them, I just look at them.
• 26:01
  But there is a seeming resemblance here.
• 26:03
  And this is the S&P 500. So I've been joking for a while.
• 26:06
  Maybe maybe we're all just holding the new S&P 500 here,
• 26:10
  but you know, we're just going in this kind of volatile, but
• 26:14
  just straight upwards and to the right.
• 26:17
  I don't think we'd really be mad.
• 26:18
  But like John's saying, you know, it would, it would
• 26:21
  eliminate a lot of the stuff that we've seen in the past, a
• 26:24
  lot of the fervor, a lot of the people that trade Bitcoin are
• 26:26
  going to get wrecked because they think, oh, it's going to go
• 26:28
  to 150 K and then we're pulling back 50% and maybe that doesn't
• 26:32
  happen. But hey, you know, I like a
• 26:34
  chart that just kind of goes up and to wait goes up and to the
• 26:37
  right for wait up and to the right forever.
• 26:41
  Could you pull it up? Opti on your end, but basically
• 26:44
  the sailor is essentially. This is also the month the month
• 26:47
  chart, but. Whatever.
• 26:48
  So sailor, like his prediction, I don't know if we could pull it
• 26:51
  up, but like his prediction is basically that Bitcoin's gonna
• 26:54
  compound 30% for the next 20 years, right?
• 26:59
  And if that's the case, I mean, that's freaking awesome.
• 27:03
  Someone in the chat is saying this is a super cycle, 100%.
• 27:05
  I'm telling you, it sounds like a little bit of a troll.
• 27:10
  But I think he actually believes it.
• 27:11
  I'm familiar with that. We.
• 27:12
  Should ask the chat dude, do you do a poll on YouTube?
• 27:15
  See is this, is this the is this the ultimate Bitcoin super
• 27:19
  cycle? Anyways guys, before we get into
• 27:21
  the rest of the show, I do want to give a very special shout out
• 27:25
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  All right everybody, we are back.
• 30:32
  At the time of recording, the Bitcoin price is $104,220 block
• 30:38
  height 901,793 sats per dollar under 1960 market cap 2.07
• 30:46
  trillion Bitcoin versus gold market cap 8.66% percentage
• 30:50
  issued 94.66% decline from all time high -6.9% realized
• 30:56
  monetary inflation .84%. In the grand scheme of things,
• 30:59
  we are just getting the. Party started.
• 31:03
  Anyways, I have a clip of Kathy Wood essentially saying that
• 31:07
  $1.5 million Bitcoin is still realistic within five years.
• 31:13
  Maybe it's Hopia, maybe it's not.
• 31:15
  I have the clip and then we'll talk about it.
• 31:18
  I want to start right with Bitcoin and what you see is the
• 31:21
  outlook for Bitcoins price. In recent weeks you've come out
• 31:24
  and said $1.5 million per Bitcoin by the year 2030.
• 31:29
  Since then though we've seen quite a few outflows, we've seen
• 31:32
  a lot of volatility. Shonali just went through that.
• 31:35
  Is that still your view? 1.5 million by 2030.
• 31:40
  Yes, it is our view. I think right now we're in a
• 31:42
  risk off period generally and if you've been watching Bitcoin
• 31:45
  it's almost been a leader in terms of risk on risk off.
• 31:49
  So I think that's what we're seeing.
• 31:51
  If you look at our on chain analytics, what you will see is
• 31:54
  that we are in the middle of a little bit more than halfway
• 32:01
  through a four year cycle. We think we're still in a bull
• 32:05
  market and we believe that the deregulation that we're seeing
• 32:11
  here in the United States is, is going to be very important to
• 32:17
  institutions moving into this new asset class.
• 32:21
  Asset allocators have to have a point of view on this new asset
• 32:25
  class and we think by putting it in portfolios, risk adjusted
• 32:30
  returns for the entire portfolio will go up.
• 32:35
  So I mean like kind of speaks for itself.
• 32:39
  You know, Kathy Wood also well known in Wall Street and she's
• 32:44
  sticking to her guns, $1.5 million Bitcoin by 20-30 Opti.
• 32:49
  Maybe we should have put that in the title today.
• 32:53
  But yeah, I mean, that's, that's pretty ambitious.
• 32:55
  I mean, from like a a previous cycle, it's a 15X.
• 32:59
  Like in 2017 we did a 20X from 1K to 19-K or 20K roughly.
• 33:05
  Now, obviously the market cap is a lot bigger.
• 33:07
  You know, you have institutions involved, but it does seem very,
• 33:13
  very, very, very optimistic. But what I will say is this,
• 33:17
  like the general consensus this cycle and Bitcoin tends to do
• 33:21
  the exact opposite of what everyone thinks and predicts is
• 33:25
  everyone this cycle is predicting 150K to 200K by the
• 33:30
  end of the year. That's the general consensus.
• 33:33
  It's not going higher than that. It is what it is.
• 33:37
  I want to get your thoughts, John, like you've been at this,
• 33:40
  you said 10 years, you've been in this industry for 10 years,
• 33:42
  you've been in Bitcoin for 10 years.
• 33:45
  What are your what are your expectations for, you know,
• 33:48
  let's say the next. The the rest of the year and
• 33:50
  what are your expectations for the next five years?
• 33:55
  I'm going to stick to my guns and I never talk about price.
• 33:59
  And you know, I'm, I've never been one to talk about price and
• 34:02
  won't start that now. I really don't really don't care
• 34:05
  about what the price of Bitcoin is.
• 34:07
  I, I care about what state Bitcoin is and what state people
• 34:13
  in the general population understands about Bitcoin and
• 34:17
  the general adoption amongst people.
• 34:20
  That's, that's, those are the metrics that matter to me.
• 34:23
  The metrics that matter to me is how many nodes are out there,
• 34:25
  how many people are mining, how many people understands that
• 34:29
  Bitcoin is a freedom tech that is only able to remain free if
• 34:35
  people continue to run it. So that's, those are the metrics
• 34:38
  that matter to me. The Fiat price will follow that,
• 34:44
  you know, that's, that's people that are stuck on the Fiat price
• 34:48
  of Bitcoin are, are kind of stuck on, on, on Fiat, to tell
• 34:51
  you the truth. They're, they're just stuck on
• 34:54
  what it means for, for their bottom line in their pockets,
• 34:57
  not what it means for creating a new future where you know, your
• 35:03
  children are going to be well off and not going to be put into
• 35:08
  this debt slavery cycle that we've been stuck in for the past
• 35:12
  couple decades. You know, I definitely respect
• 35:16
  Kathy Woods. She I've, I've met her plenty of
• 35:19
  times and then she, she's one of the few Wall Street people that
• 35:23
  actually understand Bitcoin the technology.
• 35:26
  So, you know, I'll, I'll respect her, her price predictions, but
• 35:30
  in terms of of me, you know that I, I could care less what, what
• 35:34
  the price of Bitcoin is wise. Words from a true bitcoiner and
• 35:37
  what I'll say right, let's talk about adoption, right.
• 35:40
  I think in terms of adoption, like in terms of actual, you
• 35:44
  know, if you cross, if you cross the street, right, and you kind
• 35:48
  of look to your left and you look to your right.
• 35:52
  I don't think we're even at 1% of the world's that actually
• 35:55
  understand Bitcoin that are taking custody of their Bitcoin
• 35:59
  that are running their own nodes that are actually sovereign.
• 36:02
  I think we're not even there yet.
• 36:05
  We're like less than 1% of the world population.
• 36:09
  Very, very few people. I don't know, I don't remember,
• 36:11
  I don't remember off the top of my head, but I think it's like
• 36:13
  100,000 nodes worldwide. It's it's really not that much.
• 36:16
  I think it's way less. It's like 25,000 apparently.
• 36:18
  No, but the how many nodes are there, John?
• 36:21
  Yeah. So active nodes, like nodes that
• 36:24
  you can actually see on the network at any given time is
• 36:26
  about 1000, about how many 20,000, about 20,000.
• 36:31
  But but it depends like how how nodes are actually calculated on
• 36:35
  the network is, is what you see like what you can actively see
• 36:38
  on the node on the network. So it's there's usually like a
• 36:41
  24 hour time frame where if a node is is actively pinged, it's
• 36:45
  about 20,000. But what a lot of people do is
• 36:48
  they turn on their nodes, send a broadcast a transaction, then
• 36:50
  turn it back off. That number is more close to
• 36:54
  about 100 to 200,000. But again, you're, you're right.
• 36:58
  It's, it's a small fraction of let's say people that hold
• 37:02
  Bitcoin or are interested in Bitcoin, which at this point I
• 37:06
  believe is in the 10s, if not hundreds of millions of people
• 37:09
  worldwide. So if we have 100 million, let's
• 37:13
  say people that you know, hold Bitcoin or, or know about
• 37:17
  Bitcoin and at Max there's about 100,000 Bitcoin nodes out there,
• 37:22
  that's a huge gap. And that's, that's something
• 37:24
  that I'm personally invested in fixing and something that we
• 37:27
  need to fix as as a general, as a general community.
• 37:33
  Do you do you have do you have to run a node to be considered a
• 37:37
  bitcoiner? I think that's, that's the at
• 37:41
  the base, yes. If you're not running the base
• 37:44
  protocol yourself, I, and I've said this before, I, I don't
• 37:48
  think you're a bitcoiner. I don't care how much Flack that
• 37:50
  gets me and I don't care if you're not technical or not.
• 37:55
  They're the tools exist for anybody to run Bitcoin in their
• 37:59
  home right now. So if you hold, let's say, one
• 38:04
  Bitcoin and you're not running a node, you're doing it wrong.
• 38:09
  Yeah, I mean, I, I 100% agree with you.
• 38:12
  By the way, everyone should run a note at this point.
• 38:16
  There's so many different amazing manufacturers like
• 38:20
  yourself, John, that make it incredibly easy, kind of like
• 38:24
  plug and play solutions for you to essentially be sovereign.
• 38:29
  And if you don't run your and I'll just kind of simplify it
• 38:32
  here for anyone who's like kind of new to the live stream and
• 38:34
  they're like, oh, what the what the F is a node?
• 38:37
  It's just a very fancy way of saying you're running your own
• 38:40
  version of Bitcoin software on on your computer, right.
• 38:44
  Obviously we recommend a dedicated computer to doing that
• 38:47
  because it would kind of be a pain in the ass, you know,
• 38:50
  running the Bitcoin software while we're live streaming right
• 38:52
  now. I think I don't know if my
• 38:53
  laptop would be able to handle that.
• 38:55
  So if you kind of have like this dedicated device that sits next
• 38:58
  to your router that looks like a box that's just constantly
• 39:03
  running the Bitcoin software of which you can connect your, you
• 39:06
  know, Electrum wallet to or your Sparrow wallet to anywhere
• 39:09
  around the world through or it's absolutely bad ass.
• 39:13
  You know, then you're fully sovereign 'cause you're not
• 39:15
  trusting someone else. Because think about it this this
• 39:17
  way, guys like you download a a Bitcoin wallet from the App
• 39:20
  Store and you're just using it. You're trusting that wallets
• 39:27
  node, right? And they're seeing basically all
• 39:30
  your UTXOS, they're seeing spending habits, they're seeing
• 39:33
  everything. Don't do that.
• 39:36
  And then you're trusting that they say that you have the
• 39:40
  Bitcoin that you say you have, right, instead of trusting,
• 39:44
  right, don't trust verify, trust yourself, trust your own
• 39:48
  computer, right? It's much less likely that it's
• 39:50
  going to lie to you. So, yeah, I agree with your
• 39:52
  statement, John. I think you're on the right show
• 39:55
  where you can say those types of things and you know, the
• 39:58
  audience won't lose their minds. But I, I love how you pivoted
• 40:01
  the conversation towards, you know, we were talking about
• 40:03
  Kathy Wood, you know, basically saying, hey, 2031 point
• 40:07
  $5,000,000 Bitcoin to listen. What I'm look, what I'm
• 40:10
  concerned about is. You know, how much adoption is
• 40:15
  there really happening? And then defining what adoption
• 40:18
  means, right, 'cause I think that's really important, right?
• 40:21
  Like, you know, buying a Bitcoin ETF is not Bitcoin adoption in
• 40:26
  my eyes, right? Buying Bitcoin, putting into
• 40:29
  self custody and then, you know, connecting your wallet to your
• 40:32
  own node. That's that's true Bitcoin
• 40:35
  adoption, right? But what I will say is I think
• 40:39
  you know there isn't there is some type of technical know how
• 40:43
  that is required for you to fully do that.
• 40:45
  I think entrepreneurs are making it incredibly easier by the day
• 40:50
  with plug and play solutions. But yeah, I agree with you.
• 40:55
  Do you think that number is growing, John or do you think
• 40:58
  that number is shrinking? Because I would say the number
• 41:01
  of whole coiners that will ever exist essentially is reaching
• 41:05
  close to peak just because of the Fiat price of Bitcoin.
• 41:09
  So is it even possible to get more and more of the population
• 41:13
  to fully appreciate and understand the power of, you
• 41:19
  know, kind of self sovereignty and running their own version of
• 41:23
  Bitcoin? Yeah, I think it is.
• 41:25
  And that's that's where we're headed.
• 41:28
  So how I've described this in the past is we're kind of before
• 41:32
  the 1984 PC moments of Bitcoin. We're still and in the, the
• 41:38
  adoption, in terms of the adoption cycle, that's that's
• 41:41
  where we can see how early we are.
• 41:42
  Sure on the price side. Am I not seeing that way?
• 41:45
  But in terms of pure tech adoption and when, why, you
• 41:50
  know, the concepts I talk about are, are still out of reach for
• 41:53
  a lot of people. It's because we haven't reached
• 41:55
  that 1984 moment. We haven't reached the point
• 41:57
  where people understand, you know, let's say you were in
• 42:01
  1980s and someone talked to you about e-mail.
• 42:03
  You have no idea what the hell this guy's talking about and why
• 42:06
  you need to use e-mail or why you need to use a computer.
• 42:09
  We're kind of in the same stage for Bitcoin.
• 42:11
  It's like, what, why do you need to run a node?
• 42:13
  What's a node? You know, we're, we're in that
• 42:15
  stage and I'm fine with that. We're building the tech that
• 42:19
  will get us to that 1984 moments.
• 42:21
  And I know we're going to get there in the next in this
• 42:23
  decade. And once that catalyst has been
• 42:26
  reached the point where there's hardware that's as easy to use
• 42:32
  as an Apple iPhone on the Bitcoin network, that's when
• 42:35
  we're going to get the adoption on the tech side.
• 42:37
  That's when people are going to understand that, oh wow, I, I
• 42:40
  can self host my own node, have whatever the lightning network
• 42:46
  is going to be in five years. It's going to be super easy and
• 42:49
  just simply bring up my own Venmo on my phone that I
• 42:53
  personally control that I can send to anybody in the world.
• 42:56
  That's going to be the aha moment and that's going to be
• 42:58
  the moments where true adoption peripheral rates in the world
• 43:03
  and that's when people are going to understand Bitcoin, Bitcoin
• 43:06
  and network Bitcoin, the, the, the, the monetary payments
• 43:09
  network. And that's, that's the goal that
• 43:12
  we're we're going towards. And and we've seen that kind of
• 43:15
  happen in the past two years or so, especially since future bid
• 43:21
  itself found the first sovereign solar block using our devices.
• 43:25
  That's kind of like where people have started to understand what
• 43:28
  this means. It's like, oh, I, I here's a
• 43:31
  device where I can run my own node, mine to my own node and
• 43:35
  find my own block that I've constructed on my own node and
• 43:39
  then received that three Bitcoin on my own wallet.
• 43:43
  That's that, that that has been the catalyst for the past few
• 43:46
  years of this whole whole mining, solar mining revolution
• 43:50
  and tech, tech innovations like that is what's going to drive
• 43:53
  the adoption and, and we're getting there.
• 43:55
  We're not there yet, but we'll, we'll get there very soon.
• 43:58
  So. I mean, I, I love that Outlook
• 44:01
  someone in the chat, by the way, we, we, we released a poll and
• 44:05
  someone in the chat was basically asking, can I run a
• 44:08
  node on a MacBook Air? Yes, absolutely.
• 44:11
  You can run a node on basically any type of computer.
• 44:14
  I just don't recommend that if you're going to be using that
• 44:17
  MacBook Air on a daily basis. What I would recommend is just
• 44:21
  getting a dedicated computer that just again, sits right next
• 44:25
  to your router and it's just running Bitcoin all day.
• 44:29
  A node is just a very fancy way of saying.
• 44:32
  Run the software you're. Running the Bitcoin software.
• 44:34
  That's all it is. And and any go, I don't want to
• 44:36
  jump in here 'cause I want to double down and echo what John
• 44:40
  said I've been saying it on the show for a while now.
• 44:42
  If you are not running a node, you're really not using Bitcoin.
• 44:45
  Run the software guys. It's not that difficult.
• 44:49
  Do not just run a node and say you're running a node.
• 44:52
  You want to spin up a node and connect your wallets to it so
• 44:55
  you can verify the Bitcoin coming in is real Bitcoin.
• 44:58
  That's it's what it is. It's for yourself, guys.
• 45:01
  It's not some altruistic for the network.
• 45:03
  You know, it's not a virtue signal.
• 45:05
  It's so you can verify you're getting real Bitcoin.
• 45:07
  Run the software or you're not really using Bitcoin.
• 45:10
  And also too like it gives you some type of vote right as well.
• 45:14
  So if you don't like the direction that Bitcoin is
• 45:17
  heading from a development perspective, you can basically
• 45:22
  choose what version of Bitcoin you want to run.
• 45:25
  Like that's the power of essentially running a node.
• 45:27
  There are many, many manufacturers that, you know,
• 45:31
  that are awesome in the space that make it incredibly easy.
• 45:34
  Plug and play. We're going to be talking about
• 45:35
  them, one of them today. Future bit, you know, of course,
• 45:40
  you know, you guys know start 9. We're a big fan, big fan of here
• 45:43
  at simply and yeah, so there's really no excuse.
• 45:47
  There's many plug and play solutions.
• 45:50
  Become sovereign. Become an actual Bitcoin.
• 45:53
  I'm gonna double down to what John is saying.
• 45:55
  Be an actual bitcoiner. You're not a bitcoiner unless
• 45:58
  you're running a node. Man, this comes, but it sounds
• 46:01
  so nerdy if you say it that way. It's like you're not a bitcoiner
• 46:05
  unless you're running your own version.
• 46:06
  Of no, it doesn't sound better either.
• 46:09
  Just run the software. Just run the Bitcoin software.
• 46:12
  That's it. Run Bitcoin software.
• 46:14
  It's as simple as you, you, you want to remain free or run the
• 46:18
  software. I I think that's, that's where
• 46:20
  people understand bars. So like you know how?
• 46:23
  You can download Spotify on your computer, right?
• 46:26
  You know how you can just like download apps on your computer?
• 46:28
  It's the same it's the same concept, right?
• 46:32
  So like fundamentally. But anyways, guys, it's going to
• 46:38
  be a great show. We still have tons to tons to
• 46:41
  talk about. Great news from the regulatory
• 46:44
  side. The genius.
• 46:45
  Act has passed the Senate. We're going to be talking about
• 46:48
  the implications of that. We have a Wall Street Journal
• 46:50
  article, again, positive from a regulatory standpoint, positive
• 46:55
  from a number go up standpoint. But again, we got a.
• 47:00
  We got a. Pure Bitcoiner on the show today
• 47:02
  so, but from a from a revolutionary aspect.
• 47:08
  It might be, it might be considered noise, but I still
• 47:11
  think it's important to cover. So we're going to be talking
• 47:13
  about the genius act during the news segment.
• 47:15
  So you're going to you guys are going to want to stay tuned.
• 47:17
  And then during the culture segment, we're going to be
• 47:20
  talking about future bit. Future bit is a great way to run
• 47:25
  a Bitcoin node. So we're going to be talking
• 47:27
  about that in just a second. Guys, we have a hell of a show
• 47:30
  lined up for you guys. Smash the like button.
• 47:32
  We broke 2000 live viewers across all platforms.
• 47:36
  Smash that like button if you guys are enjoying the show and
• 47:38
  we will be right back in just one second.
• 47:43
  Let's check it out Opti, here we go.
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• 50:56
  Breaking news. The Genius Act has finally
• 50:59
  passed the Senate. The Genius Act is the stable
• 51:02
  coin bill. It also got bipartisan support.
• 51:05
  It got support from the Democrats and it got support
• 51:07
  from the Republicans. Some might say it's the same
• 51:09
  party. Anyways, here is the Bitcoin
• 51:11
  senator and she says the Genius Act has passed the Senate and
• 51:16
  we'll go to some of the details. Here is the paper of record, The
• 51:20
  New York Times. Not a big fan honestly.
• 51:22
  Sometimes the articles that they've dropped have been very
• 51:26
  hostile towards Bitcoin, which they've magically stopped since,
• 51:30
  you know, this new administration.
• 51:32
  So anyhow, Senate passes cryptocurrency bill handling
• 51:37
  industry a victory. The bill was a significant step
• 51:41
  towards giving the cryptocurrency industry the
• 51:43
  credibility and legitimacy it it has sought without limitations.
• 51:48
  It has worked to heat off. Before I jump into it, do you
• 51:51
  guys have comments on that framing?
• 51:53
  Pass it on to John One first. Yeah, I, I, I want to know where
• 51:59
  the Bitcoin bill is. Who's the Bitcoin bill?
• 52:04
  That's you know what, what is this cryptocurrency industry,
• 52:08
  you know, again, and, and this bill is specifically just for
• 52:13
  stable coins as well. So it's like great, I guess,
• 52:17
  general adoption of, of crypto and Bitcoin, but you know, every
• 52:23
  anything coming out of this, out of this, out of the out of these
• 52:27
  laws has just been specifically omitting Bitcoin itself.
• 52:32
  You know, I want to, I want to see a bill where where Bitcoin
• 52:35
  is legitimately adopted as a currency in the USA, bill where
• 52:40
  Bitcoin is actually put on the on the Federal Reserve balance
• 52:44
  sheet, a bill where people don't have to pay capital gains each
• 52:49
  time they send the payments. You know, that's that's what I
• 52:52
  want to see. So.
• 52:54
  I agree you. Even bored.
• 52:59
  Yeah, absolutely, 100%. So I was talking to Senator
• 53:03
  Lummis earlier this year and she's basically making the case
• 53:06
  that this is the first step, the Genius Act, the stablecoin bill
• 53:11
  was the first step. And then the next step is the
• 53:13
  Bitcoin Act 2 point O, which would essentially make it so
• 53:15
  that the federal government would start buying Bitcoin.
• 53:20
  Of course, we got promised by the Trump administration that
• 53:24
  the which I'm not very happy with at the moment.
• 53:27
  And we got promised that, you know, they were going to acquire
• 53:32
  more Bitcoin in a budget neutral way.
• 53:35
  Love an update on that. That'd be great, but let's see
• 53:39
  what happens. But anyways, let's dive.
• 53:42
  Let's dive into this. I'm not obviously not going to
• 53:45
  read the entire article, but I'll focus on some of the key
• 53:47
  parts. But again, the significance of
• 53:49
  this again to. Use the effing article's own
• 53:53
  words. In the eyes of the legacy media,
• 53:58
  this gives the industry credibility and legitimacy.
• 54:01
  And in the eyes of kind of the Matrix, the people in the
• 54:05
  matrix. And the reason that that's
• 54:07
  important is, again, if you're a bank.
• 54:09
  In in Spain, as we opened today's show with and you're
• 54:14
  looking at this, you're saying, OK, you know, the most powerful
• 54:17
  government on the face of of the planet, they're probably not
• 54:19
  gonna ban Bitcoin, right? That's, that's what you're
• 54:22
  thinking when you see stuff like this, right?
• 54:24
  So anyways, if you guys are enjoying the show so far, smash
• 54:27
  that like button. We're at 160 likes Help us break
• 54:29
  200 likes by the time the show wraps up, so let's jump straight
• 54:33
  into. The article goes on to say the
• 54:34
  Senate on Tuesday passed legislation to establish a
• 54:38
  regulatory framework for stable coins, putting the
• 54:40
  cryptocurrency industry, which has long been viewed with
• 54:43
  suspicion by lawmakers in Washington, on the brink of a
• 54:46
  major policy breakthrough. Bipartisan approval of the bill,
• 54:49
  known as the Genius Act, followed an aggressive an an
• 54:53
  aggressive lobbying campaign aimed at transforming the
• 54:56
  cryptocurrency's industry image from scandal plagued experiment
• 55:00
  to legitimate financial sector. I mean, the phrasing here that
• 55:04
  guys, you have to understand, we live in an effing echo chamber,
• 55:07
  OK? Bitcoin, Bitcoin Twitter or
• 55:10
  Bitcoin. I hate saying Bitcoin X.
• 55:11
  It's not. I'm just gonna keep saying
• 55:13
  Bitcoin Twitter forever. The Bitcoin Twitter, you guys
• 55:15
  have to understand, like, that isn't the real world.
• 55:18
  You wanna know what the armies think?
• 55:20
  You wanna know what like the media thinks this is exactly
• 55:23
  thinking like this is this phrasing is what's on their
• 55:26
  consciousness. Right.
• 55:27
  So anyways, it goes on. To say Senate passage came over
• 55:30
  the fierce objections of many Democrats who warned that the
• 55:33
  measure lacked strict enough regulations or oversight to
• 55:36
  present to prevent abuses, including anti corruption rules
• 55:40
  that would bar President Trump and his family from continuing
• 55:43
  to profit from cryptocurrency. Let's completely omit the fact
• 55:48
  that senators and congressmen and women, you know, by certain
• 55:52
  stocks that they're passing regulations for.
• 55:55
  Let's completely leave that out of the of the framing, right.
• 55:59
  The bill still must be passed by the House, signed by the
• 56:02
  president. It most likely will.
• 56:05
  But the 68 to 30 vote in the Senate marked the first time the
• 56:08
  chamber has approved major cryptocurrency legislation it
• 56:12
  represented. It represented a significant
• 56:15
  step towards giving the industry what it has long sought from
• 56:18
  Washington, the credibility that comes from oversight.
• 56:22
  Oh my God, that last line hurt my soul.
• 56:26
  John, do you have any? Thoughts on that last line?
• 56:30
  The credibility that comes from federal oversight.
• 56:33
  John, I'm going to make you full screen and also.
• 56:36
  We are on YouTube so please. Don't get us banned, yeah?
• 56:40
  I mean, listen, at the end of the day, it doesn't matter what
• 56:43
  these state governments do or what they think or what they
• 56:46
  pass. Bitcoin itself is a free and
• 56:49
  sovereign monetary network that no one will ever be able to
• 56:51
  stop. So I'm on the same boat as as
• 56:55
  the price prediction on on this front.
• 56:58
  Great that they're, you know, going towards their out of
• 57:02
  regulatory clarity, but it doesn't matter at the end of the
• 57:06
  day, no government can stop me from sending a Bitcoin
• 57:09
  transaction and they never will be able to.
• 57:13
  So at the end of the day, it does not matter what regulations
• 57:15
  they do what what, what they try and and do or not do or stop
• 57:20
  people from doing. That's that's the point of
• 57:23
  Bitcoin, right? It's a freak network that
• 57:25
  anybody can use. It's beyond any government
• 57:27
  reach. And and that's the point.
• 57:29
  Amen. If you're running your own node
• 57:32
  and by the way, we we've been running a poll since we've been
• 57:35
  talking, John. 104 vote. 105 votes so far. 69% of you guys
• 57:42
  that voted are not running your own.
• 57:44
  Big Those are rookie numbers. So if you aren't running your
• 57:47
  own Bitcoin node, you aren't making the rules.
• 57:49
  Someone else is making the rules for you my friend.
• 57:51
  If you want to become a sovereign individual and join
• 57:54
  this permissionless non sovereign alternative currency
• 58:01
  or network or protocol, better said, you got to start running
• 58:05
  your own nodes. So we're going to be talking
• 58:07
  more about that during the culture.
• 58:08
  But Opti, you were talking to me when we were crafting today's
• 58:11
  show about how the passage of the Genius Act actually kind of
• 58:17
  aligns with a lot of the goals in Washington.
• 58:21
  And what are those goals? Let me give you a little bit of
• 58:23
  context. So the federal government wants
• 58:26
  to continue to be able to print money, right?
• 58:28
  And essentially what stable coins allow them to do is
• 58:32
  propagate the US dollar worldwide.
• 58:34
  So Opti, I know you had some insight on that.
• 58:37
  Well, I don't know about insight, but just kind of
• 58:38
  reading from their words. So first of all, I will comment
• 58:41
  on kind of the general vibe here that a lot of people are saying
• 58:44
  and maybe echoing what Senator Lummis was saying and kind of
• 58:47
  what Nico's been saying. I do believe that with the past,
• 58:50
  if this does fully get passed through, I do believe that this
• 58:55
  kind of leads into the Bitcoin as a Trojan horse on the back
• 58:59
  end. If they're going to make this
• 59:01
  official, you know, law of the land, then that's pretty
• 59:05
  convincing to me that we're not going to get Bitcoin banned and
• 59:08
  by them pushing stable coins through, you know, they're going
• 59:11
  to kind of leave us alone on that front.
• 59:13
  I am kind of bullish now the the secondary stuff that I'm seeing
• 59:17
  and hearing from Scott Besson and Senator Bill Haggerty, I
• 59:22
  think are really the signal here.
• 59:24
  So let me pull these up and it is going to go, you know, maybe
• 59:26
  I'm putting my tinfoil hat on here and and shouts out to my
• 59:29
  boy Mark Goodwin, who's been talking about this for a long
• 59:31
  time. But again, I am just using their
• 59:34
  own words here. So I'm not this is what they're
• 59:39
  continuously saying and I'm not going to read this whole thing.
• 59:42
  But here's Treasury Scott, Treasury Secretary Scott Bessett
• 59:45
  and talking about sablecoins. He goes, this new found demand,
• 59:49
  a essentially a thriving stablecoin ecosystem.
• 59:52
  This new found demand could lower government borrowing cost
• 59:56
  and help rein in the national debt.
• 59:58
  It could also on ramp millions of new users across the globe to
• 1:00:01
  the dollar based digital asset economy.
• 1:00:04
  And they're saying this is a win win.
• 1:00:06
  And then if you watch this video in here, I'll drop it for you
• 1:00:08
  guys in the chat. You guys can watch it later.
• 1:00:10
  But he essentially said that much and more.
• 1:00:12
  He essentially said we're going to drive new demand for
• 1:00:15
  treasuries, maintain dollar dominance around the world.
• 1:00:18
  Of course I'm an American, obviously.
• 1:00:21
  Like I, I'm a, I'm a bit conflicted on that because I'm a
• 1:00:24
  Bitcoiner first. But you know, you could argue,
• 1:00:27
  especially in the context of everything we're hearing lately,
• 1:00:32
  you know, Fiat currencies are the driving force behind all the
• 1:00:36
  endless wars. Without the free money they
• 1:00:38
  print, they probably couldn't push a lot of the stuff that
• 1:00:40
  they're talking about. Now an interesting aspect of
• 1:00:43
  this, again, we've been talking about macro recently.
• 1:00:46
  You guys know, I've been trolling myself and saying I'm a
• 1:00:48
  macro expert now because I'm watching the bond markets.
• 1:00:51
  Remember what Larry Leopard kept saying for a long time?
• 1:00:53
  There's a few things that he keeps an eye on, of course, the
• 1:00:56
  Bitcoin price, the gold price, the S&P 500, and then what's
• 1:00:59
  going on in the bond markets, AKA bond yields.
• 1:01:01
  And we all saw what's going on the last couple of weeks.
• 1:01:05
  It was getting kind of out of control.
• 1:01:06
  And now that seems to be completely sidelined in silence
• 1:01:10
  because of everything crazy and all the tension going on in the
• 1:01:13
  Middle East. Now, an interesting aspect of
• 1:01:15
  this, again, they are specifically saying they want to
• 1:01:18
  drive demand into U.S. Treasuries and stablecoins is
• 1:01:22
  going to be an awesome way to do that.
• 1:01:24
  We all know Tether is literally what, I forget what the number
• 1:01:27
  is. They're like the 9th largest
• 1:01:28
  treasury buyers in the world, one of the most profitable
• 1:01:31
  company by employees, employees ever, probably ever.
• 1:01:34
  And this is this is kind of what it's all being backed by now,
• 1:01:38
  this interesting tweet, which really caught my radar.
• 1:01:40
  Again, it's coming from Arthur Hayes and I think this might be
• 1:01:44
  the signal. Here he goes.
• 1:01:46
  The road to the an exception of Treasuries from U.S. bank LLR
• 1:01:50
  has begun. And he's quoting a tweet by
• 1:01:52
  Bloomberg which says US plans to ease capital rule limiting
• 1:01:56
  banks, treasury trades. the US bank regulators plan to reduce
• 1:02:00
  the enhanced supplementary leverage ratio by up to 1.5
• 1:02:04
  percentage points for the biggest lenders, which could
• 1:02:06
  lower their capital requirements.
• 1:02:08
  And the proposal would change the overall ratio rather than
• 1:02:10
  exclude specific assets like Treasuries.
• 1:02:13
  But may ask for coming public comment on whether to carve out
• 1:02:16
  treasuries from the calculation. Again, going further as Matt
• 1:02:22
  Hogan from Bitwise saying kind of quote tweeting this headline,
• 1:02:25
  This is QE by any other name and this would smell as sweet.
• 1:02:29
  So you're seeing that there is a driving force to kind of
• 1:02:33
  incentivize people to buy treasuries right now because no
• 1:02:36
  one wants treasuries. No one wants government debt.
• 1:02:39
  And as much as you know, I'm OK with Bitcoin getting through the
• 1:02:43
  door. Trojan Horse memes, you're
• 1:02:45
  seeing that they are trying to drive as much demand into
• 1:02:48
  treasuries because no one wants to buy them.
• 1:02:51
  And they have to continue to find ways to print money because
• 1:02:55
  as you know, everyone says, whether it's Lynn Alden, Larry
• 1:02:57
  Leopard, James Lavish, nothing stopped this train.
• 1:03:02
  The big print is coming. They have to continue to print
• 1:03:04
  money. Of course, they basically create
• 1:03:06
  money through the buying and selling of treasuries.
• 1:03:09
  So this is kind of the angle that I've been seeing.
• 1:03:12
  I think this is a lot of the, I think the reason we're seeing
• 1:03:15
  the stable coin push by senators and even the Trump
• 1:03:21
  administration is because they need to find ways to incentivize
• 1:03:26
  people to buy Treasuries. Again, the interest rates, you
• 1:03:28
  can just kind of think of them as the interest of people buying
• 1:03:31
  these treasuries and it's it's kind of not looking good out
• 1:03:36
  there. So this is kind of more of a
• 1:03:38
  tinfoil hat take on a lot of this stuff here, but it looks
• 1:03:42
  like just people don't want treasuries anymore because there
• 1:03:44
  are alternatives. Or rather people are losing
• 1:03:46
  trust in the institutions, they're losing trust in
• 1:03:48
  government debt. They don't want to hold it.
• 1:03:50
  It could be because they don't trust it or just because the
• 1:03:52
  returns aren't there, the incentives aren't there.
• 1:03:54
  So, you know, kind of connecting those dots.
• 1:03:57
  That's kind of what I'm seeing. And I think this is might be the
• 1:04:00
  driving force here. But through the back door.
• 1:04:03
  I think Bitcoin will obviously just do what it does.
• 1:04:06
  And and they can try to, you know, oh, we, we lost John.
• 1:04:12
  Yeah, they, they, they can, you know, try to, they can try to
• 1:04:15
  put a lipstick on a pig here. But this is just kind of what
• 1:04:18
  I'm seeing as a conspiracy theory, tinfoil hat Bitcoiner.
• 1:04:22
  I want people to use Bitcoin. This is kind of the angle
• 1:04:25
  though. You guys heard me say the other
• 1:04:27
  day, you know what, what safety said at the Bitcoin conference
• 1:04:31
  really kind of maybe made me lighten up on my not my
• 1:04:38
  stablecoin FUD here. Maybe this is, you know, dollar
• 1:04:42
  milkshake theory playing out in real time, but that's kind of
• 1:04:45
  what I've been seeing. And and, you know, I think those
• 1:04:48
  headlines kind of back that up. 100% agree with you man.
• 1:04:53
  And yeah, it's it's interesting to say the least.
• 1:04:59
  ANYWAYS guys, we still have a hell of a show lined up for you
• 1:05:01
  guys. Seems like John dropped out.
• 1:05:04
  But if he doesn't come back, I think we should talk nodes bro.
• 1:05:06
  We're gonna talk nodes, so we still got a hell of a show lined
• 1:05:10
  up for you guys. Smash the like button if you
• 1:05:12
  guys are enjoying the show, share the content, subscribe to
• 1:05:14
  the channel if you guys are enjoying the content and we will
• 1:05:18
  be right back in just one second.
• 1:05:23
  I want to give a shout out to our partner Hive Digital
• 1:05:25
  Technology. Why Hive in 2025, unstoppable
• 1:05:29
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• 1:05:48
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• 1:05:55
  You can catch the latest buzz at Hive Digital Tech or at Hive
• 1:06:00
  digitaltech.com. I want to give a shout out to
• 1:06:09
  our sponsor Casa. Casa makes self custody easy and
• 1:06:13
  secure. As a bitcoiner I care about
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  simply to get 10% off Casa Standard or Casa Premium.
• 1:06:59
  Head over to Casa dot IO. All right, everybody, we are
• 1:07:06
  back and. Looks like the power went out
• 1:07:09
  over at John. We we got John in the house.
• 1:07:13
  John, can you hear us? There he is.
• 1:07:19
  Yeah. I think you need a Yeah.
• 1:07:21
  We we can't hear you. We can't hear you.
• 1:07:24
  Sorry, guys. Troubleshooting live.
• 1:07:26
  Troubleshooting live. Troubleshooting live.
• 1:07:28
  I'm going to pull up John's website.
• 1:07:34
  I I have it. I have it already.
• 1:07:35
  Opt is and pull it up while we try to figure out the audio.
• 1:07:40
  Anyways, I'm going to talk about this as much as possible till we
• 1:07:44
  figure out the audio situation. John, can you hear us OK?
• 1:07:51
  You probably have to reset your audio settings, so press S on
• 1:07:53
  the the properties wheel and then just like reset it and it
• 1:07:58
  should you should pop back in. So guys, John is part of future
• 1:08:08
  bit, future Pit where we've been talking about nodes for for most
• 1:08:13
  of this show. John has joined us again, see if
• 1:08:17
  we can hear him. So if you can go down Opti and
• 1:08:22
  future bit essentially offers a variety of I love that quote.
• 1:08:27
  Let me read that for a second. The computer can be and can be
• 1:08:32
  used as a tool to liberate and protect people rather than to
• 1:08:35
  control them. I absolutely love that very
• 1:08:38
  strong line. And the personal Bitcoin miner
• 1:08:41
  revolution is here goes on to say the Apollo 11 is the
• 1:08:46
  culmination of nearly a decade of work at future bit.
• 1:08:50
  We designed a system that empowers individual with the
• 1:08:53
  full tool kit for Bitcoin in an easy to use package anyone could
• 1:08:58
  run in their own home. Move on, move down Opti and
• 1:09:02
  let's take a look redesign from silicon up.
• 1:09:05
  They have multiple different products.
• 1:09:06
  If you can go down Opti appreciate it and keep going
• 1:09:12
  down keep going down made for the home users again, just like
• 1:09:16
  a box, and this is this is what Bitcoin nodes are essentially
• 1:09:19
  for they're just dedicated computers that run Bitcoin.
• 1:09:23
  So the future bit is interesting because it's it has a different
• 1:09:28
  it has the mining component to it as well, right.
• 1:09:31
  So it's not just a Bitcoin node, but you can mine Bitcoin on it
• 1:09:36
  as well, which I think is really, really interesting.
• 1:09:39
  It's really cool. So if you could kind of zoom in
• 1:09:42
  optic 'cause I can't read any of that and we'll kind of breakdown
• 1:09:46
  all this. So there's obviously the
• 1:09:48
  Founders edition, there's the Apollo 11 future node, it seems
• 1:09:53
  like. John, let me see if we can get
• 1:09:55
  John back up here. John, can you hear us?
• 1:10:04
  Yeah, there we go. We've been going, we've been
• 1:10:08
  going through the future bit website, John, and just kind of
• 1:10:12
  breaking down the the products that you guys have.
• 1:10:14
  So what makes I think it really interesting, very unique what
• 1:10:19
  you guys offer, right? You guys offer the Apollo 11,
• 1:10:22
  the founder's edition is badass. It's orange.
• 1:10:23
  I think it's right behind you. And what's really interesting
• 1:10:28
  about this is that it's a Bitcoin node and a miner.
• 1:10:33
  Could you could you talk a little bit about that?
• 1:10:38
  Yeah, I mean clearly want me to talk about it so.
• 1:10:43
  Yeah, it's happened to us a couple times before.
• 1:10:45
  But yes, this is, yeah, this is a computer that we built to
• 1:10:54
  allow anybody to participate, as we've been talking about for the
• 1:10:57
  past hour, in a self sovereign way on the Bitcoin network.
• 1:11:02
  And kind of what differentiates us is not just the fact that
• 1:11:06
  you're running a full node, it's you're running a miner and a
• 1:11:09
  full node. So that kind of gives you the
• 1:11:12
  power of what we call an economic node on a Bitcoin
• 1:11:17
  network where you're actually participating at the base layer,
• 1:11:22
  running a node and mining and constructing blocks that can
• 1:11:26
  actually, you know, you're, you're the one creating the the
• 1:11:30
  templates to to run all the transactions that are being done
• 1:11:34
  on the Bitcoin network and create a block around it.
• 1:11:37
  And that's kind of our mission. It's not just to get more people
• 1:11:42
  involved in the base layer, but it's also to decentralize the
• 1:11:45
  Bitcoin mining network, which a lot of people don't know is very
• 1:11:49
  centralized right now. Most of Bitcoin mining is done
• 1:11:52
  in these data centers where pretty much at this point,
• 1:11:57
  probably 90% of all Bitcoin mining is done in these huge
• 1:12:01
  centralized farms. And not only that, the the pools
• 1:12:05
  that create the actual block templates and create the the
• 1:12:09
  transactions that are done on the Bitcoin network.
• 1:12:13
  More than about 75% of all transactions that that are are
• 1:12:18
  produced and blocks produced on the Bitcoin network are done by
• 1:12:20
  just three major pools. That's it.
• 1:12:23
  So these three major centralized entities are the ones all
• 1:12:27
  choosing which transaction goes into the next block.
• 1:12:31
  And that's kind of the danger that we're fighting against with
• 1:12:34
  this institutional adoption of Bitcoin.
• 1:12:37
  We need to make sure in the future that there's always free
• 1:12:40
  and sovereign blocks on the Bitcoin network.
• 1:12:43
  And what that means is that, you know, let's say 75% of the
• 1:12:48
  Bitcoin network is being mined by governments or being mined by
• 1:12:50
  corporations. They're gonna adhere to whatever
• 1:12:53
  rules and regulations those governments and Wall Street is
• 1:12:58
  going to tell them is acceptable on the Bitcoin network.
• 1:13:00
  If we don't have free and sovereign blocks, which is what
• 1:13:04
  I call blocks that are produced by individuals like everybody
• 1:13:07
  watching here, through machines like ours, then we go into this
• 1:13:12
  future where technically a Bitcoin transaction could be
• 1:13:16
  censored. So if if someone from North
• 1:13:18
  Korea wants to send a Bitcoin transaction, whether that's
• 1:13:21
  right or wrong, that's that's a whole different discussion.
• 1:13:24
  But Bitcoin itself has no distinction of where that
• 1:13:28
  transaction comes from. But if we don't have enough free
• 1:13:31
  and sovereign blocks, that could become a reality.
• 1:13:33
  And that's kind of what we're fighting against at Future.
• 1:13:37
  Yeah, absolutely. I mean, and and we we keep
• 1:13:39
  hearing this, right, the centralization of of Bitcoin
• 1:13:42
  mining. It's it's a big issue, it's a
• 1:13:44
  big problem and stuff products like future bit bit acts, right
• 1:13:50
  is kind of reclaiming back some of that hash power, right?
• 1:13:54
  Because you guys have to understand like, can they
• 1:13:56
  totally censor A transaction? No, but they can totally slow
• 1:14:00
  down a transaction without a doubt.
• 1:14:03
  And I remember. Like there was like a, one of
• 1:14:06
  the big, I think it was like Mara like was releasing like an
• 1:14:10
  OFAC compliant block or something like that.
• 1:14:13
  And you know, that takes away the whole purpose of Bitcoin,
• 1:14:16
  right, which is this permissionless system censorship
• 1:14:20
  resistant. And again, once you're, if
• 1:14:23
  you're running a Bitcoin node and you're mining, right, you're
• 1:14:28
  the ones making, you're the one making those decisions, right?
• 1:14:31
  No one else is making those decisions for you, right?
• 1:14:35
  And I love the way I had a conversation with Jeff Booth the
• 1:14:38
  other day, which dropped on something Bitcoin Irli think it
• 1:14:40
  was about a week ago or so, and he kept saying it.
• 1:14:44
  He's like, look like. Bitcoin's gonna win, and it's
• 1:14:47
  gonna fundamentally change the world.
• 1:14:50
  You know, the world is inherently deflationary, but you
• 1:14:53
  don't feel that because the government's manipulation of
• 1:14:55
  money. Bitcoin is only gonna win if it
• 1:14:59
  stays decentralized and secure. He kept saying that if it stays
• 1:15:02
  decentralized and secure, this is part of it.
• 1:15:05
  And you guys shouldn't ask what Bitcoin should do for you.
• 1:15:08
  You guys should ask what you can do for Bitcoin.
• 1:15:10
  And we released a poll. I don't know what the number is
• 1:15:13
  right is right now. It actually increased 154 of you
• 1:15:18
  guys voted. And 72% of you guys are not
• 1:15:22
  running your own nodes. 72% of you guys are not running your
• 1:15:28
  own nodes. And as John has said, you guys
• 1:15:32
  aren't Bitcoiners if you guys aren't running your own nodes.
• 1:15:35
  I'm gonna end the poll there right there.
• 1:15:37
  But yeah, guys, at this point you should be running your own
• 1:15:39
  node. There's many different plug and
• 1:15:42
  play solutions. The future bid is awesome 'cause
• 1:15:44
  it's like a node and a miner in one box called the Apollo 11
• 1:15:50
  pretty bad ass. And then there's a bunch of
• 1:15:52
  other, you know, Bitcoin node manufacturers as well.
• 1:15:55
  You guys know we're a big fan of Start 9 here.
• 1:15:57
  It's simply so, yeah. I mean, there's absolutely no
• 1:16:01
  excuse. It wasn't like this back in the
• 1:16:03
  day. Back in the day, like it was
• 1:16:06
  like somewhat complicated, you know, But like now, there's so
• 1:16:10
  many different types of solutions, there's absolutely no
• 1:16:13
  excuse for you not to be running your own node.
• 1:16:15
  At this point and and I want to and I want to point out when
• 1:16:18
  Bitcoin first started, the whole network was run by the the
• 1:16:24
  original Satoshi client. So you had the miner, the node
• 1:16:27
  in the wallet, in a single device, in a single software
• 1:16:31
  package that ran on your computer.
• 1:16:34
  So when Bitcoin started this, this was the reality that this
• 1:16:36
  is how Bitcoin was originally designed to be run.
• 1:16:39
  This is designed to be run by millions of people running the
• 1:16:42
  code and producing blocks distributed in in a soul mining
• 1:16:47
  fashion. So that's kind of what we're
• 1:16:49
  trying to bring back. We're just trying to bring back
• 1:16:52
  Satoshi's original concept of how Bitcoin was supposed to be
• 1:16:55
  run. You know, we've already found
• 1:16:58
  four blocks in the past year. Our users have found about four
• 1:17:03
  solar blocks. And we want to get to the point
• 1:17:05
  where we're mining at least one one a month and then we get to
• 1:17:09
  one week and then we get to 1 a day.
• 1:17:10
  And when we get to 1 a day, that's when things are like, OK,
• 1:17:13
  we're at least one block a day is being found by sovereign
• 1:17:17
  individual somewhere around the world that no one has any
• 1:17:20
  control over. And we at least know 4000
• 1:17:23
  transactions a day are going to get into that block, whether
• 1:17:26
  there's, whether the rest of the blocks are mined by governments
• 1:17:29
  or not. So that's kind of the reality
• 1:17:32
  that we, that we need to get with, we need to get to, and we
• 1:17:34
  need to make sure that enough people are participating at the
• 1:17:38
  base layer to make that a reality.
• 1:17:40
  And that's, that's kind of our mission.
• 1:17:42
  And, and that should be the reality of of of Bitcoin.
• 1:17:45
  Absolutely. I, I 100% agree with you, John,
• 1:17:48
  right. People have to be participating.
• 1:17:51
  You have to be an active participate in Bitcoin, right
• 1:17:54
  and this is something that just you you get in you just get used
• 1:17:58
  to it, right, Whether you take Bitcoin into self custody, you
• 1:18:01
  start, I think, taking Bitcoin to self custody, step one and
• 1:18:04
  then Step 2 is becoming sovereign and running your own
• 1:18:08
  version of the Bitcoin software. And here it's simply, you know,
• 1:18:13
  like most of us at this point are running nodes, you know, and
• 1:18:19
  I think our whole. Company has their own node.
• 1:18:21
  Yeah, and you know, or they connect to mine and yeah, you
• 1:18:27
  you should be, you should be sovereign and you shouldn't be
• 1:18:31
  relying on someone else's node. You should be relying on your
• 1:18:35
  own node. That gives you tremendous amount
• 1:18:37
  of sovereignty and it gives you voting power, right.
• 1:18:40
  Like there's this debate that's happening right now between
• 1:18:43
  Knots and Bitcoin Core for anyone who's been paying
• 1:18:46
  attention. And you know, we're not, we're
• 1:18:48
  not gonna, we're not gonna pick a side.
• 1:18:49
  But basically like, you know, like run the version of Bitcoin
• 1:18:55
  you want to run, right? Like that's, that's your choice.
• 1:18:58
  But you only have that. You only have that choice if
• 1:19:01
  you're running your own, you know, if you're, if you're
• 1:19:03
  running your own hardware, if you're not running your own
• 1:19:05
  hardware, someone else is making that decision for you.
• 1:19:07
  And you might not agree with it, by the way.
• 1:19:09
  So something to consider. Yeah, that point you made there
• 1:19:13
  is, is 100% accurate and and that's kind of like the stance
• 1:19:16
  I've taken personally and and future bit, you know, a lot of
• 1:19:19
  people have come to us and been like, are you going to run nodes
• 1:19:21
  or, or knots or core. And our, our mission is to
• 1:19:25
  empower you to empower the individual to make that choice
• 1:19:28
  and make it easy for you to make that choice.
• 1:19:32
  We're, we're not here to, to be the arbiters of the Bitcoin
• 1:19:35
  network. You know, future bit has about
• 1:19:37
  10% of the Bitcoin nodes on the network.
• 1:19:39
  We're not here to control the Bitcoin network.
• 1:19:41
  The, the people that are running our devices are the people that
• 1:19:43
  control the Bitcoin network and choose which consensus rules are
• 1:19:47
  going to be run on the Bitcoin network.
• 1:19:49
  And that's how it should be. All, all, all that we are here
• 1:19:52
  for is to empower user choice and we need to make sure a lot
• 1:19:57
  more Bitcoiners have the ability to make that choice in the 1st
• 1:20:01
  place. And and that's kind of what what
• 1:20:04
  we're all about. Awesome, awesome.
• 1:20:07
  Well, you did mention John, you know, sadly it, it was a little
• 1:20:10
  bit a little bit sad when I heard this.
• 1:20:12
  You guys are sold out of your product at the moment at future
• 1:20:16
  bit dot IO 'cause I'm sure there's a lot of people going.
• 1:20:18
  You guys are sold out. When are you guys going to be
• 1:20:21
  restocked again? So we're, we're in the
• 1:20:25
  transition period of our product lines right now.
• 1:20:27
  So we're about to launch the Apollo 3 in the about coming
• 1:20:31
  month or so. And our current new product is
• 1:20:34
  this little guy called our solo node.
• 1:20:38
  So this is essentially just a Bitcoin node, but it it's
• 1:20:41
  specialized for people that have, let's say other miners,
• 1:20:44
  let's say they have a bit axe or even have a mining farm.
• 1:20:47
  It's for people to be able to mine solo directly to this
• 1:20:50
  device and this we're launching the next couple weeks and this
• 1:20:54
  is kind of going to be a game changer for people that are
• 1:20:58
  mining, have miners, but have never dabbled into the node side
• 1:21:02
  of things and never actually solo mined.
• 1:21:05
  This will enable a lot of new nodes and new solo mining on on
• 1:21:08
  the Bitcoin network. So we're excited for this one.
• 1:21:12
  Very, very cool. Well, guys, I do want to give a
• 1:21:15
  shout out to our special guest today, John from future bit dot
• 1:21:20
  IO. Go check out future bit dot IO.
• 1:21:22
  Keep your eyes peeled for the Apollo 3 that's going to be
• 1:21:25
  launching very soon. Run a node.
• 1:21:28
  If you don't run a node, you're not a bitcoiner.
• 1:21:30
  You should. You should learn how to do it at
• 1:21:32
  this point. Like when I was getting into
• 1:21:35
  Bitcoin, it was like it was a disaster, man.
• 1:21:38
  It was not easy. And now it's so easy.
• 1:21:42
  There's so many different plug and play solutions, so many
• 1:21:45
  awesome entrepreneurs and companies that are just making
• 1:21:48
  it incredibly easy for you to just literally buy something off
• 1:21:52
  the shelf, plug it in and bom, Bing bom, boom, you're ready to
• 1:21:55
  go. That wasn't the case back in the
• 1:21:56
  day, so there's no excuse. Become sovereign.
• 1:22:01
  Don't run like just because you download a Bitcoin wallet on
• 1:22:05
  your phone from the App Store and it's sending and receiving
• 1:22:07
  transactions like don't get complacent right 'cause like you
• 1:22:11
  guys have to like focus on the end goal here, right?
• 1:22:14
  And we don't say this as often as we used to on simply Bitcoin,
• 1:22:18
  but this is a separation of money and state Like if, if you
• 1:22:20
  guys don't like what's happening on a geopolitical level.
• 1:22:24
  If you guys have been following my, I don't talk about this a
• 1:22:26
  lot on on simply, but you guys follow my personal Twitter
• 1:22:29
  account. I've been going, absolutely.
• 1:22:31
  Crazy these last three days because essentially you have
• 1:22:35
  politicians playing around with World War Three and the only
• 1:22:37
  reason they're able to do this is because they have Fiat money
• 1:22:40
  printers, right? What Bitcoin is all about is
• 1:22:43
  essentially taking away their capability of doing that in a
• 1:22:46
  peaceful way. It's a peaceful protest against
• 1:22:50
  endless. Wars and the way that you do
• 1:22:52
  that is by enough of the population transitioning to a
• 1:22:56
  sound money standard. If enough of the population does
• 1:22:59
  that, they can't print money to fund endless wars anymore.
• 1:23:03
  This is what it's all about. But you need individuals
• 1:23:06
  standing up, doing what's right, reclaiming back their financial
• 1:23:10
  sovereignty. And a step in doing that is step
• 1:23:13
  one is taking self custody. Step 2 is running your own
• 1:23:16
  Bitcoin node, which is a very fancy way of saying running your
• 1:23:19
  own version of the Bitcoin software.
• 1:23:21
  So anyways, I do want to thank John for coming on today.
• 1:23:24
  Check out futurebit dot IO. Keep your eyes peeled for Apollo
• 1:23:27
  3, their new product that's coming up.
• 1:23:29
  I'm your host, Nico. It's my legendary Co host
• 1:23:31
  Optimus Field, and we'll see you guys tomorrow for a brand new
• 1:23:33
  episode of Simply Bitcoin Live. Take care, everybody.
• 1:23:36
  Today's episode was brought to you by bitcoinwell.com, a
• 1:23:40
  Bitcoin only platform on a mission to enable financial
• 1:23:43
  independence.