Latest / Simply Bitcoin / MASSIVE $235M BITCOIN ETF INFLOWS - BULL IS BACK !? | EP 994

Transcript

MASSIVE $235M BITCOIN ETF INFLOWS - BULL IS BACK !? | EP 994 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going on. Forever.
• 0:15
  You're against Bitcoin. You're against freedom yo.
• 0:22
  Welcome to another episode of Simply Bitcoin Live.
• 0:24
  We're your number one source for the peaceful Bitcoin revolution
• 0:27
  card breaking news called Traumatic Warfare.
• 0:28
  We will be your guide through the separation of money at
• 0:31
  stake. Ladies and gentlemen, I got my
• 0:32
  mic fix. I literally had to go to Guitar
• 0:36
  City. Shout out to Opti for coming up
• 0:37
  with that idea 'cause I was going to wait till Wednesday
• 0:39
  originally to buy a new Road Caster Pro 2 and wow is it
• 0:45
  complex to set it up. But we got it figured out right
• 0:48
  on time for the show. Ladies and gentlemen, welcome to
• 0:50
  Simply Bitcoin Live, the most watched daily Bitcoin live show
• 0:54
  on YouTube. Rumble NX.
• 0:55
  Sit back, relax, enjoy the ride. We have a lot to talk about.
• 0:58
  Today, specifically, the ETF inflows are back in full force.
• 1:03
  We had 200 and $35 million worth of inflows just yesterday that
• 1:10
  we ripped up. I think we went from like and we
• 1:12
  were like, you know, channeling 62K63K.
• 1:15
  We ripped up all the way to all the way to, I think we hit
• 1:18
  $71,000. And also there's a lot of things
• 1:23
  that have happened since we were previously at these prices,
• 1:28
  right? So what are those things we're
• 1:29
  going to talk about all of them massive banks, we have the
• 1:34
  Wisconsin investment, the pension fund all have announced
• 1:38
  that they have exposure to the spot Bitcoin ETF funds that is
• 1:43
  absolutely massive. We also have a change in tune on
• 1:47
  the political front it seems which is awesome and we've been
• 1:50
  saying this is that you cannot beat Bitcoin's incentives on the
• 1:55
  political front. It seems like the we're going to
• 1:58
  get into this, but it seems like some members of the Democratic
• 2:02
  Party have have have seen the light and they've realized that
• 2:07
  taking an anti Bitcoin stance is not necessarily going to win
• 2:11
  them votes with a key demographic in this coming
• 2:15
  election in November. So it seems like they've changed
• 2:19
  tune and kind of an indication of that is how fast this
• 2:23
  potential Ethereum ETF is being talked about being approved,
• 2:28
  right. It's it's just interesting how
• 2:30
  that, you know that conversation changes.
• 2:32
  Now obviously as Bitcoiners, you know, we believe that Ethereum
• 2:35
  is a security. But you know what I'll, I'll be
• 2:38
  honest with you guys like I would rather have a government
• 2:43
  that is pro Bitcoin and pro has it been past the 1st 2 minutes?
• 2:47
  Yes, pro shit coins than a government that is just
• 2:52
  completely hostile towards the industry altogether and let
• 2:56
  Bitcoin beat these shit coins in the open market.
• 2:59
  And you know, whether it's Ethereum or any of these other
• 3:02
  altcoins, you know, as time progresses, it clearly shows
• 3:05
  that they all lose value towards Bitcoin.
• 3:08
  So let's, you know, let let the car, let, let things fall as
• 3:13
  they may. But it's just interesting how
• 3:16
  you know, they were taking this anti Bitcoin stance for so long
• 3:20
  and then all of a sudden when they realized that that
• 3:22
  potentially isn't popular with their voter base and you know,
• 3:26
  they're, you know, political candidates are using that
• 3:28
  against them, they kind of do this very quick 180, right.
• 3:32
  So opti's going to talk more about that during the culture
• 3:35
  and also during the numbers as well.
• 3:37
  Kathy Wood, I didn't see this video.
• 3:40
  I wish I did because I would have played it for you guys
• 3:43
  'cause you guys would have enjoyed it.
• 3:44
  She increased her prediction for 2030 up to hold on to your
• 3:51
  seats, $3.8 million. That is absolutely absurd.
• 3:56
  And of course this is by the year 2030.
• 3:59
  And why is she saying all of this?
• 4:01
  Well, she's saying all of this because she's making the case
• 4:04
  that if institutional investors, that's the key, were to allocate
• 4:07
  a little bit more than 5% of their portfolios to Bitcoin, you
• 4:12
  know, that would add a tremendous amount to the Bitcoin
• 4:16
  market cap. And that's not unheard of
• 4:18
  anymore. Like that's not just bull talk
• 4:21
  anymore because of the players that have been announced.
• 4:25
  And it's not just small little little allocations like you're
• 4:28
  talking about hundreds of millions of dollars by large,
• 4:32
  huge, enormous banks. And we're going to get to all of
• 4:35
  that during the news. So it's incredibly bullish.
• 4:38
  I mean, I'm not going to lie for the price, for the price aspect
• 4:41
  of things. Now from the revolution aspect,
• 4:43
  that's where you guys come into play.
• 4:45
  Because remember guys, the revolution is people,
• 4:49
  individuals taking Bitcoin into self custody.
• 4:51
  If enough of us do it, we win. And there's absolutely nothing
• 4:55
  they could do about it, right. But from the price perspective,
• 4:58
  incredibly bullish news. And I think that this bull
• 5:01
  market is just getting started and I think there's lots to
• 5:04
  celebrate on the horizon. Anyways, I would do want to
• 5:07
  bring up my Dairy Co host who is always optimistic.
• 5:10
  Opti coming in with the save telling me like I was like,
• 5:13
  dude, I ordered in, I ordered something.
• 5:15
  He's going to get here on Wednesday.
• 5:16
  He's like, no, Nico, get your ass in a car, go to Guitar City
• 5:20
  because our our audience is expecting the best from us.
• 5:23
  So that's what I did, and I bought myself a new Road Caster
• 5:26
  Pro 2, and we've spent like at least an hour trying to figure
• 5:29
  out the technicalities of it. For anyone who doesn't know
• 5:32
  Audi, the opti's the audio genius.
• 5:34
  It's simply Bitcoin 'cause he has a background in and you
• 5:37
  know, music and all that stuff. I'm more of a video guy, so
• 5:41
  opti's been walking me through all of this.
• 5:43
  Opti, how you doing today bro? I'm doing wonderful, man.
• 5:46
  Life's great. I'm a bitcoiner I I get to sit
• 5:49
  back and watch clown world explode and we get to stack SAT
• 5:53
  and build a better world. How can we not be just
• 5:56
  absolutely optimistic and hopeful about the future?
• 5:59
  This is why we are bitcoiners. There's you know, I'm, I might
• 6:03
  go full Nolan on you guys right now but hey, there is so much
• 6:07
  there. There is so much pessimism in
• 6:09
  the world that just having pure optimism in in the face of all
• 6:12
  this crazy stuff. It's it's literally a a
• 6:17
  fundamental vibe shift for anyone out there.
• 6:21
  It's just like, yeah, life's great.
• 6:22
  You guys are worried about all this crazy stuff and here we
• 6:24
  are, life's wonderful. And on that on that point that's
• 6:28
  what like Niko said earlier, we're we're seeing a a vibe
• 6:30
  shift coming out from the political class in regards to
• 6:33
  Bitcoin or crypto or whatever. And you know to Niko's point,
• 6:39
  yeah, of course we don't want to see people get wrecked in in
• 6:41
  shit coins. If any ETF does get approved,
• 6:44
  it's gonna obviously unload the the floodgates for all these
• 6:47
  other shit coin ETS. Most likely no.
• 6:50
  I don't think so. I don't think so.
• 6:51
  I think. Well, we'll see.
• 6:53
  I think Ethereum got the pass just because political
• 6:57
  connections, the political connections, I think, I think
• 6:59
  Ethereum, you know, was able to get away with it.
• 7:03
  I don't think you know. I don't think the other ones are
• 7:06
  going to be able to. Well, we'll see.
• 7:07
  We'll see. But to that point, I'm the most
• 7:11
  thing that I am hyped about if an ETF does get approved is
• 7:15
  seeing Wall Street get absolutely wrecked out there,
• 7:18
  and that's going to be absolutely glorious.
• 7:21
  So man, it's so good just being a Bitcoin only bitcoiner shouts
• 7:25
  out to all the Maxis out there. We're winning so hard.
• 7:28
  This is great. Life's wonderful.
• 7:30
  Bro, we're winning. Epically, epically, for sure.
• 7:33
  And I think we're going to keep on winning.
• 7:35
  And I'm telling you bro, like life just compounds in getting
• 7:40
  better and getting cheaper. If you know you live on a
• 7:43
  Bitcoin standard, that's. There's no doubt in that in my
• 7:46
  mind. Anyways guys, let's get to the
• 7:48
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  All right everybody. At the time of recording, the
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  Bitcoin price is 70,000 flat stats per dollar 1420 dollars
• 11:27
  401,429 stats per dollar block height 844,453 blocks to having
• 11:35
  205,547 having estimate March 22nd, 2028, Total Lightning
• 11:42
  network capacity 4645 Bitcoin capacity value 325 point, 325
• 11:49
  million Flat realized monetary inflation 1.65%.
• 11:53
  The market capitalization of Bitcoin currently sitting pretty
• 11:57
  at 1.38 trillion Bitcoin versus gold market cap 8.32%.
• 12:04
  In the grand scheme of things, Bitcoin is just getting started.
• 12:08
  All right, everybody, so let's move on to today's news.
• 12:11
  I mean, today's numbers. This is kind of like a numbers
• 12:14
  thing. Anyways, I saw this and I can't
• 12:17
  believe I missed it because this is massive like we were talking
• 12:20
  about that like look we don't like to talk about price
• 12:25
  specifically. We don't speculate on our on
• 12:28
  this channel like as individuals we don't do it.
• 12:33
  You know we make the case sometimes and we try to, we try
• 12:36
  to it's not just bull juice like we try to make the case for it.
• 12:40
  So whenever there's like notable reputable people that you know
• 12:45
  throw these numbers out, I think it's you know, we like to cover
• 12:50
  it. So just to kind of give you guys
• 12:53
  a recap, right, we had Samson Mao, we had Adam back, we had
• 12:58
  Jack Dorsey and Kathy Wood. Now Kathy Wood, we've covered
• 13:03
  you know her prediction many, many times.
• 13:06
  We've shown this to you guys so many times and like this is a
• 13:09
  well thought out process, Like this isn't just like, oh like,
• 13:13
  you know, $5,000,000 per coin, 20-30, blah blah blah.
• 13:16
  No, like she lays it out right here, right she she lays out her
• 13:20
  thought process. We've gone over this chart.
• 13:22
  Her base case, you know, $682,000 per per Bitcoin by
• 13:26
  20-30, her bear case, 258,000. I didn't think we're going to
• 13:30
  blow past that, possibly next year to be honest.
• 13:34
  And then her bull case is 1.48 million, you can round that up
• 13:38
  to 1.5 by 2030, right. And then she gives the reasoning
• 13:42
  as to why like based on the penetration rate of Bitcoin on
• 13:46
  these different things, so is a digital gold, institutional
• 13:49
  investment asset, seizure resistant asset, economic
• 13:52
  settlement network, emerging market, currency, nation state
• 13:56
  treasury, remittance asset, corporate, treasury.
• 13:59
  OK, you guys get the general gist of it.
• 14:01
  Well, what I missed and I wish I'd talked about this earlier,
• 14:04
  is that she upped her prediction and I think she did this at one
• 14:08
  of Anthony Pompliano's conferences.
• 14:10
  I believe he held it in New York and it's kind of updated.
• 14:15
  So I'll play you guys a portion of the video and then I'll read
• 14:18
  you guys a portion of the article.
• 14:20
  Let's check out what she has to say in regards to her $3.8
• 14:23
  million Bitcoin prediction by 20-30 Co currency boosted by
• 14:28
  institutional ETF investments. Old case for Bitcoin was 1.5.
• 14:34
  Million. And many people just summarized
• 14:37
  it. As north of a million, if
• 14:40
  institutional investors were to allocate a little more than 5%
• 14:47
  of their portfolios to Bitcoin, as we think they will over time,
• 14:54
  that alone would add. $2.3 million to the projection I just
• 15:02
  gave you. Wood did not specify.
• 15:05
  OK, so the article goes on to say The ARK Investment founder
• 15:09
  and CEO explained her upbeat view at March's Bitcoin Investor
• 15:12
  Day conference in New York City. We put our bull case for Bitcoin
• 15:15
  at 1.5 million. If institutional investors were
• 15:18
  to allocate a little bit more than 5% of their portfolio to
• 15:21
  Bitcoin, that alone would add 2.3 million to the projection I
• 15:25
  just gave you. It's an impressive forecast.
• 15:28
  In 2023, Bitcoin's price skyrocketed more by more than
• 15:31
  150%, reaching more than 820 billion in market cap.
• 15:35
  If Wood is right, Bitcoin's market cap could climb to
• 15:38
  roughly 80 trillion based on the projected supply of 21 million
• 15:44
  coins. I mean, usually the, you know,
• 15:47
  the the bull tard here is Opti. But again, this isn't just just
• 15:53
  random person on Bitcoin Twitter saying this.
• 15:56
  This is someone who has the proof of work behind her,
• 15:59
  obviously has the credentials, has the achievements, right?
• 16:03
  You know, this is ARC, it has one of the largest Bitcoin ETFs,
• 16:06
  right? That's that's the reality, you
• 16:08
  know, so this isn't, of course, you know, you have to look at
• 16:10
  someone's incentives, right? She's incentivized to say that
• 16:13
  because that means that more people would buy the ETF,
• 16:15
  'cause, you know, obviously buying Bitcoin at $70,200 right
• 16:19
  now would be a massive discount. You know, if and when the price
• 16:23
  hits $3.8 million, you know, specifically by 20-30, that's
• 16:28
  that's, you know, around the quarter in terms of of of
• 16:31
  potential returns. But here she kind of breaks down
• 16:34
  her thought process behind this, right?
• 16:36
  And it's what I said right She she lays out all the different
• 16:39
  categories and what the, what the, the, you know, potential
• 16:44
  penetration rate would have to be in order to reach, you know,
• 16:48
  these really high numbers. But I also want to remind
• 16:51
  everyone on yesterday's episode you had someone else who doesn't
• 16:55
  have an ETF saying something. You know, I don't want to say
• 16:59
  something saying something similar in the sense that, you
• 17:03
  know, you had Jack Dorsey who's obviously, you know, going, you
• 17:07
  know, full into the, you know, the Eco sees a huge investor.
• 17:10
  He was a massive investor in the ocean decentralized mining pool,
• 17:14
  right. He supports Noster.
• 17:16
  He's invested in Bitcoin startups and what did he say?
• 17:19
  He said something very similar. He said, you know, $1 million
• 17:24
  Bitcoin by 20-30. I would be, you know, and he
• 17:26
  also said like you know that I think it's going to be much more
• 17:29
  than that. So again, you're going to,
• 17:31
  you're seeing a lot of very reputable, notable, respectable
• 17:35
  people in the community coming up with this $1 million number
• 17:41
  and obviously, you know that would be more than a 10X from
• 17:44
  here. That would be absolutely insane.
• 17:46
  Now how long is that going to take?
• 17:47
  People are expecting, you know, it's going to be 20-30.
• 17:50
  Someone in the chat, Senor Gringo Papi, says let's hit 100K
• 17:54
  first. I don't know.
• 17:55
  I think man, I don't want to say it, but I think the end of the
• 17:59
  year there's going to be some fireworks.
• 18:00
  Opti in In my opinion bro, what's your what's your case?
• 18:04
  What's your what's your what's your take on this bro?
• 18:07
  Yeah, well, absolutely love that.
• 18:09
  I'm not the only bulletard here, but Kathy Wood still seems a
• 18:12
  little bearish to me. But what do I know?
• 18:14
  I I don't, I don't have any any statistics or numbers here.
• 18:18
  I just got a feeling, you know, Infinity divided by 21 million.
• 18:22
  I think what, 20-30 is 6 years away.
• 18:26
  I think that this time does feel different.
• 18:29
  Like I I think the dynamics of Bitcoin have fundamentally
• 18:32
  changed. I think the legitimacy of
• 18:35
  Bitcoin in the eyes of not only high net, net worth individuals,
• 18:38
  but just average everyday people has changed.
• 18:41
  And we're seeing now that some of the biggest institutions in
• 18:45
  the world do want Bitcoin exposure.
• 18:46
  So the signal is spreading. We haven't even seen the retail
• 18:49
  FOMO yet. I do think that we are ramping
• 18:53
  up for an absolutely incredible 12 to 16 months or what is it,
• 18:57
  12 to 18 months now? You know, historically after the
• 19:01
  halving is when we get a blow off top.
• 19:02
  So you know, I, I I like hearing $1,000,000 predictions on
• 19:06
  Bitcoin. Of course, who does doesn't like
• 19:07
  hearing some bull sauce on a early Tuesday morning?
• 19:11
  It it absolutely makes you feel incredible.
• 19:13
  But again, no one really knows where the price is going.
• 19:15
  All we really know is the fundamental thesis that there's
• 19:19
  nowhere to store your value. And I'm glad that at least Kathy
• 19:23
  Wood is starting to ramp up the allocation percentages from
• 19:28
  these institutions because we're seeing that 1% isn't going to
• 19:31
  cut it. And also we're seeing that these
• 19:34
  institutions are also kind of falling down the rabbit hole and
• 19:37
  they realize, well, hey, if 1% is good, why not 5%?
• 19:40
  And if they go to 5%, then why not 10%?
• 19:43
  And anyone in their right mind, once they fully understand
• 19:45
  what's going on Bitcoin, they realize that, hey, 10% isn't
• 19:49
  enough of an allocation into Bitcoin.
• 19:51
  So these numbers could be absolutely blown out of the
• 19:54
  water, but hey, in 80X by 2030 is that what she said, you know
• 19:57
  we're at $1.38 trillion market cap right now.
• 20:01
  She's predict predicting maybe we go to $80 trillion market cap
• 20:05
  which is just absolutely mind blowing.
• 20:07
  I I think sometimes we we might get caught up in some bull sauce
• 20:10
  and we're just speculating on what the price is going to be.
• 20:13
  But I I just fundamentally believe that soon enough people
• 20:16
  are going to wake up to the idea that they need to hold Bitcoin.
• 20:19
  Obviously, we're still in that early phases.
• 20:21
  They're trying to just get Bitcoin exposure with the ETF,
• 20:25
  but I think the signal is catching on.
• 20:28
  And what's that? Saying that I forget where it
• 20:32
  comes from, but it's the idea that we overestimate what we can
• 20:36
  do in two years and we underestimate what we can do in
• 20:39
  10 years. And I think as bitcoiners we
• 20:41
  still have that PTSD from the last bull run.
• 20:44
  Like Gringo Poppy said in the chat, you know, let's make 100K
• 20:47
  first, but 100K is only $30,000 away right now.
• 20:50
  Like if you don't think that we can hit that this year, then
• 20:53
  what are you doing in the chat? We're not doing our job good
• 20:56
  enough here because I think 100K, we're definitely going to
• 20:59
  hit that. In my opinion that's that's a no
• 21:02
  brainer. Now the real fun is when we get
• 21:05
  into price discovery mode and we'll see how high this can go.
• 21:09
  You know, everyone been predicting 1,000,000 by 2025.
• 21:14
  I've been jokingly saying let's just cut it in half and we're
• 21:16
  going to 700,000 this year or next year.
• 21:19
  And who knows, man, all I know is Infinity divided by 21
• 21:23
  million. Bitcoin is a superior way to
• 21:26
  store value. It's 10X improvement on gold.
• 21:29
  All these things add up to what I think is going to be an
• 21:33
  absolutely beautiful bull run where obviously in the first
• 21:36
  innings it's it's just starting to to get frothy.
• 21:40
  And I don't know if you guys been hearing the rumors, but now
• 21:43
  it seems that the the Asian markets are starting to wake up.
• 21:48
  And once they start waking up and we all just start doubling
• 21:52
  down on our Bitcoin allocations, hey this could go way higher
• 21:55
  than we think it. It's not necessarily revolving
• 21:57
  around the US markets, even though we probably have most of
• 22:00
  the capital in the markets. But hey, once people FOMO into
• 22:04
  Bitcoin, it's going to get crazy.
• 22:06
  And I'm I'm here for it. We're on the front lines.
• 22:08
  I meant to that brother. Yeah dude.
• 22:09
  I think. I mean look it it's just
• 22:11
  sometimes you got to look back what is this bull run.
• 22:16
  I mean you sometimes you got to look It's so crazy.
• 22:18
  Bros and and and gals. Cause and yeah, Bros and gals.
• 22:26
  Because if you would have, if if you would have thought about
• 22:29
  this, you know, a couple of years ago, you know we're
• 22:33
  sitting at 69 K you would be like, dude, that's you'd be
• 22:37
  euphoric. But the fact that we've all just
• 22:39
  normalized this, you know, this is really, really funny in my
• 22:44
  opinion. Anyways, before we move on to
• 22:47
  the news segment, I do want to give an incredibly special shout
• 22:50
  out to our sponsor. Guys, this is going to be one of
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  Ruston John, Pretty sure James Lavish, Robert Breedlove, Mark
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  amazing venue, A rustic automobile factory from 1910
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  before the Federal Reserve was established.
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  So this this building's legit with brick walls and tons of
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  proof of work atmosphere. Over 1000 Bitcoin plebs are
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  expected to attend. Last pled party sold out eight
• 23:50
  days before the event, and the ticket prices increase over
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  time. So you want to get your you want
• 23:56
  to get your tickets now before the prices increase.
• 24:00
  Currently there's like 40 tickets left at the current
• 24:03
  price point of $200.00. And of course, if you get to the
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  you in. This is the party that literally
• 24:11
  all your friends are going to be at if they're going to the
• 24:14
  Bitcoin 2024 conference in Nashville.
• 24:16
  So you definitely don't want to miss it.
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  Get your tickets quickly before they're sold out or the prices
• 24:23
  increase. And of course, I always make it
• 24:24
  easy for you guys. You could scan the QR code on
• 24:27
  your screen or check the link in the video description.
• 24:30
  All right, everybody, let's move on to the to the news.
• 24:33
  We have a lot to talk about today.
• 24:35
  Let's check it out. The Daily News.
• 24:41
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  Or you could send Adm to Opti asking him and you know he'll
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  he'll be he'll be able to hook you up.
• 26:13
  So what is the big news today? Well this broke this morning.
• 26:17
  Shout out to Nick. Nick can't mine the guru behind
• 26:21
  the Bitcoin Magazine Twitter account just in Bitcoin ETFs had
• 26:27
  $235,000,000 in inflows yesterday.
• 26:31
  Great start of the week. I mean that could clearly
• 26:34
  explains the run up that we had crazy run up.
• 26:37
  It seems like a 15% up what we went from 5656 K where we kind
• 26:42
  of bottomed and we ran all the way up to 71 K Yeah, I mean, I
• 26:49
  mean, it feels good. Well, is the bull back?
• 26:51
  I mean, it might be. I think the party is just
• 26:53
  getting started started. It's probably a good idea to get
• 26:56
  some just in case it catches on. Anyways, here's a story from
• 27:00
  Twitter has this, like really interesting thing where like
• 27:02
  they kind of put the news up for you now.
• 27:04
  Is this AII don't know. Anyways, it goes on to say, oh,
• 27:09
  it is the AI, this is grok. Wow, that's so interesting.
• 27:12
  Anyways, Bitcoin ETF surge past $237,000,000 in inflows On May
• 27:17
  20th. Bitcoin ETFs in the United
• 27:19
  States experienced significant inflows totaling $237 million,
• 27:25
  marking the 6th consecutive day of inflows.
• 27:28
  Notable contributions came from ARK Invest.
• 27:31
  Who did we just talk about? What did we just talk about?
• 27:34
  Who did we just talk about? He's talking about Kathy Wood.
• 27:37
  You know who's behind ARK Invest?
• 27:38
  Kathy Wood anyways and 21 shares so 21 shares ETF 68.3 million
• 27:45
  BlackRock 66.4 million Fidelity 64,000,000 Bitwise ETF
• 27:51
  24,000,000. The surge in ETF inflows
• 27:54
  coincided with bitcoins price surpassing 70,000 driven by
• 27:59
  lower than expected inflation and increase institutional
• 28:02
  interest. The interesting part here guys
• 28:05
  about the lower than expected inflation is because everyone's
• 28:09
  just like waiting for Powell to lower the rates, right.
• 28:13
  And then the money printer go Burr again.
• 28:15
  And then usually what tends to happen when the money printer go
• 28:18
  Burr, not usually what tends to happen, what happens is that
• 28:20
  assets go through, asset prices go through the effing roof.
• 28:24
  So again, you know everyone's kind of just like waiting for
• 28:27
  this anyways, increase institutional interest.
• 28:30
  Now that's another buried lead because we're going to get to
• 28:34
  that. I think that's an
• 28:35
  understatement. They should literally put an
• 28:38
  exclamation mark here instead of an effing period, because this
• 28:42
  is the the like underestimation of the year.
• 28:46
  Understatement of the year because it's a big effing deal
• 28:50
  what that institutional interest is.
• 28:54
  So Morgan Stanley, I'm sure you guys have heard of the bank,
• 28:57
  right? Reveals a $270 million
• 29:01
  investment in spot Bitcoin ETFs. So let's take a look at some of
• 29:06
  the other ones, right. Morgan Stanley joins other major
• 29:11
  banks like JP Morgan, BNP Paribas and the Royal Bank of
• 29:15
  Canada, all which have disclosed purchases of spot Bitcoin ETF.
• 29:21
  It goes on to say there's another one as well.
• 29:25
  The the filings highlight predominant names such as the
• 29:28
  State of Wisconsin Investment Board, Wells Fargo, JP Morgan
• 29:33
  and others. So last time Bitcoin kind of
• 29:36
  peaked, it was like 71 K like hit these all time highs.
• 29:39
  None of those things were true. None of those things were true.
• 29:43
  The hash rate was lower, right? So it's like you're getting
• 29:48
  Bitcoin at the same price before any of those things happened,
• 29:53
  right? So, like, you know, it's
• 29:55
  probably a good idea to get some just in case the catches on,
• 29:58
  which it clearly is. Here's Luke Michik.
• 30:01
  She's a great content creator, he goes on to say.
• 30:03
  Most people are downplaying the significance of the fact that 13
• 30:07
  of the top 25 hedge funds own Bitcoin.
• 30:10
  What happens if Bitcoin appreciates by 5X in 2025?
• 30:15
  Game theory suggests that the other 12 hedge funds without
• 30:18
  exposure to Bitcoin will have to buy.
• 30:21
  This feedback loop is going to melt faces, right?
• 30:25
  So here are some of the largest top 25 hedge funds here.
• 30:29
  Citadel. They own it.
• 30:30
  They own 771 Bitcoin. Here's Millennial Management.
• 30:34
  They own 27,263 Bitcoin. He's Merit.
• 30:37
  There's Marinor Investment Group.
• 30:39
  They own 437 Bitcoin. Here is Renaissance Tech.
• 30:43
  They own 84 Bitcoin. Here's .72.
• 30:46
  Asset Manager 1000. Eight 1089 Bitcoin.
• 30:50
  Here's DE Shaw. They own 126.
• 30:52
  Here's Vrentian Fund Management 89.
• 30:56
  And it goes on. So I mean 13 of the top 25 hedge
• 31:02
  funds own Bitcoin. So like connect the dots because
• 31:05
  again if you see it OPTI, can you make me full screen please
• 31:08
  because if you just if it's just if if it's just these things by
• 31:14
  themselves, then it's not really that big of a deal.
• 31:18
  But JP Morgan, Wells Fargo, Wisconsin, you know investment
• 31:25
  investment pension fund, pension fund.
• 31:27
  Thanks, Opti. You know, here it is, 13 of the
• 31:31
  top 25 hedge funds owned Bitcoin.
• 31:33
  You have BlackRock backing this. You have Fidelity backing this.
• 31:37
  Now you have on the political front, which we're going to get
• 31:39
  to during the culture. Now you have politicians doing
• 31:43
  basically a 180 because they've realized OK maybe this thing
• 31:46
  isn't going to maybe this thing's going to wreck us in the
• 31:48
  election. I mean like where are the where
• 31:52
  do you think this is going? Like it like I I've just I I
• 31:56
  wish I could pull up the like pull up little like things here
• 31:58
  so you guys could see it. But like it's obvious right the
• 32:03
  the institutions are here. This was a narrative that we
• 32:06
  used to cope back in 2017 and I'm sure Optia remembers this
• 32:10
  clearly right in 2017 when the price I mean 20/17/2017
• 32:16
  transition 2018, it started to dump.
• 32:18
  One of the coping things that we all told each other was like the
• 32:21
  institutions are coming, the institutions are coming, OK, the
• 32:25
  institutions are here, they are here, they're here to stay.
• 32:30
  Bitcoin is a one way door. Once you get exposed to number,
• 32:33
  go up technology, once you get exposed to bitcoins incentives
• 32:37
  you tend to not go back, right. So what happens when another
• 32:42
  public company starts following in Michael Saylor's footsteps?
• 32:46
  What happens when another nation state starts following in Naimbu
• 32:50
  Kelly's footsteps? I mean, like, you know, the
• 32:54
  floodgates are going to open, right?
• 32:55
  And there are. They are opening, they're in the
• 32:57
  process of opening. And I'm telling you, if you're
• 33:00
  just, you know, an everyday person, the days of you being
• 33:05
  able to even afford, you know, .1 or .2 Bitcoin are slowly
• 33:11
  coming to an end this next cycle.
• 33:15
  You know, once we break into the six figures, like right now, you
• 33:19
  know, the price of Bitcoin is, is, is higher than the average
• 33:22
  salary in the United States. Like, I don't think we're going
• 33:25
  to go back. You know, I I just don't think
• 33:27
  that's going to happen, right. So, you know, where's Bitcoin
• 33:31
  going to be in 10 years? I mean we we we we made the case
• 33:34
  with with Kathy Wood. We pulled it up for you guys.
• 33:38
  She's even more bullish but rightly so.
• 33:40
  I don't think she expected you know Wells Fargo GP isn't that
• 33:45
  Jamie Diamond's bank is Jamie Diamond playing both sides here
• 33:51
  Like I mean like look I I have AI have a sailor has a comment
• 33:56
  on this. Because they want to.
• 34:00
  Sell it eventually, Michael. I mean, let's be honest, most of
• 34:02
  the people who are, yes, sure, some people pass it on to their
• 34:05
  children, but like most of the people who are buying assets at
• 34:09
  some point want to sell the assets at a profit.
• 34:12
  So I guess, let me say it a different way.
• 34:14
  People that use Fiat currency as a store of value, there's a name
• 34:19
  for them. We call them poor.
• 34:21
  OK. Anybody that's Rich?
• 34:23
  In the Yeah, I mean. And then he goes on to say
• 34:27
  anyone who's rich in the world. We call them anyone who saves in
• 34:31
  dollars. We call them poor.
• 34:35
  Yeah. Anyways, I think I said enough.
• 34:38
  I mean, I think I've made my case.
• 34:39
  I think it's pretty clear. Opti, what's your take on all
• 34:41
  this, brother? Yeah, I mean, look, I think
• 34:44
  we've all knew this was eventually going to happen.
• 34:47
  I know that I've been seeing some people on Twitter right now
• 34:49
  saying like oh you know, big corners were saying like you can
• 34:53
  be your own bank and now they're saying like, yes, we want the
• 34:57
  banks to buy and hold Bitcoin. And I think anyone that
• 35:01
  understood this has done some research knew that this was
• 35:03
  inevitable, even how Finney said I forget what it was like weeks
• 35:07
  after Bitcoin was released that eventually there will be Bitcoin
• 35:10
  banks, fully reserved Bitcoin banks and fractional reserve
• 35:12
  Bitcoin banks until the market realizes why they want to go
• 35:15
  with the full reserve Bitcoin banks.
• 35:16
  But and also you know, Bitcoin is is a high-powered settlement
• 35:21
  network. So I think we've all known
• 35:23
  eventually that this would be the end goal that on the Bitcoin
• 35:29
  base layer at least that's where it is today.
• 35:31
  It would just be high net worth settlement on it and the money
• 35:36
  would be built on layers and we would transact on you know layer
• 35:40
  twos, layer threes or whatever layer it is that eventually get
• 35:44
  built that would allow for 8 billion people to transact on
• 35:47
  it. So I don't think that there is
• 35:51
  any discrepancy here from what Bitcoiners have been saying for
• 35:54
  a long time And and we could also give Bitcoin or some lead
• 35:57
  leniency in in our narratives and our understanding of what
• 36:01
  Bitcoin is because over time you learn more and you realize oh
• 36:04
  what Bitcoin is and what Bitcoin isn't And we knew that this
• 36:07
  would eventually happen and while you were doing all those
• 36:10
  numbers I I'm I'm kind of misquoting some but thirteen I
• 36:14
  think you said out of the top 25 hedge fund to own Bitcoin.
• 36:17
  You know we saw the first pension fund start to get some
• 36:22
  exposure to Bitcoin. We're still only at El Salvador
• 36:24
  as a nation state that has Bitcoin on their balance sheets.
• 36:28
  We've seen Micro Saylor, do you know the Micro Strategy
• 36:31
  Playbook. We are still probably in the
• 36:34
  early innings of billionaires buying Bitcoin.
• 36:37
  Like if you don't think Bitcoin is going to astronomical numbers
• 36:40
  because everyone is realizing that you can't save and Fiat
• 36:44
  that treasuries you don't want to buy government issued debt.
• 36:47
  I think everyone is waking up to the fundamental problem that
• 36:50
  bitcoiners have pointed out along time ago is that the
• 36:52
  problem is the money is broken. The problem is, is that
• 36:55
  traditional financial system is designed to rob the average
• 36:59
  person. Unless you know financial
• 37:01
  trickery, you cannot get ahead by just saving.
• 37:04
  You have to go into incredible financial engineering to just
• 37:08
  save your money. And that's what Bitcoin is
• 37:10
  fundamentally changing and corporations and hedge funds and
• 37:14
  soon enough nation States and all the like and even banks are
• 37:18
  going to wake up to the idea that they want to hold some
• 37:20
  Bitcoin. But going back a little bit
• 37:22
  while you were reading those numbers, I I'm reminded of the
• 37:25
  fact that Bitcoin is still smaller than some of the biggest
• 37:29
  corporations in the world. Like Bitcoin is still basically
• 37:33
  a baby in comparison to Apple and Bitcoin.
• 37:37
  The technology is much bigger than any single corporation.
• 37:40
  So it's only a matter of time until every huge corporation in
• 37:44
  the world starts to save in some Bitcoin.
• 37:46
  And once that flood gets unleashed, that's when things
• 37:50
  really get frothy. And that's when you know the
• 37:53
  quote, UN quote mythical super cycle finally hits and and we
• 37:57
  start to enter the hyper bitcoinization or quote UN quote
• 38:00
  hyper bitcoinization, because it's happening in real time.
• 38:02
  But I'm not surprised that these hedge funds are finally getting
• 38:05
  into Bitcoin. If you study Bitcoin even a
• 38:09
  little bit, you start to understand that this is
• 38:11
  high-powered money and anyone and their mother who wants to
• 38:15
  not only maintain their wealth but also increase their
• 38:18
  purchasing power is going to start to save in Bitcoin.
• 38:21
  So we're seeing this play out and I think we've been saying
• 38:24
  for a long time, and a lot of bitcoiners have been saying for
• 38:26
  a long time as well, that once the ETF gets released, we're not
• 38:30
  going to see this massive floodgate of people getting into
• 38:33
  Bitcoin. It's going to take a little
• 38:35
  delay and now we're starting to see that that delay is starting
• 38:38
  to you, you know that slack is starting to tighten up.
• 38:40
  And I think by the end of Q2, we're going to see not only the
• 38:45
  banks kind of dip their toes in it, but we're going to see
• 38:48
  basically every corporation, every hedge fund, every pension
• 38:51
  fund out there, every bank out there need to get some Bitcoin
• 38:54
  exposure. So the next what?
• 38:56
  And then it's going to be too late.
• 38:57
  And then it's going to be too late, bro.
• 38:58
  And. It's going to be too late.
• 38:59
  Check this out. Check this out.
• 39:00
  This is nuts. This is absolutely bonkers.
• 39:05
  Julian Ferrer. And by the way, shout out to
• 39:10
  Apollo, Apollo SAT's, they have incredible graphics and all this
• 39:13
  stuff. So Bitcoin ETFs bought 3
• 39:16
  thousand 3520 Bitcoin yesterday. The two, the 235,000,000 that
• 39:21
  we've been talking about, that's eight times all the Bitcoin
• 39:25
  mined. That is not enough Bitcoin to
• 39:28
  sustain 70K. So this is a supply shock,
• 39:31
  right? There's only so much Bitcoin
• 39:33
  that is mined every single day. They bought 8 times that amount
• 39:38
  of Bitcoin that was mined. What do you think is going to
• 39:41
  happen? I mean that's why the the
• 39:43
  halvings are, I mean a lot of people saying like look, the
• 39:45
  halvings don't play a big part of this anymore because you know
• 39:48
  the subsidies. So I I still believe that they
• 39:50
  play a huge, they're going to play a huge part.
• 39:52
  It's just basic supply and demand and then the supply shock
• 39:56
  and I think what we're about to, you know, witness, so we're
• 39:59
  about to experience is if Bitcoin, you know, continues its
• 40:03
  historical pattern is another epic supply shock.
• 40:06
  That's what I think is going to happen anyways.
• 40:08
  I also do want to give an incredible shout out, a very
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  The application has a very clever filtration system, so
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  you'll only find fellow bitcoiners on the app.
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  It's a great resource. It will literally tell you what
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  bitcoiners are near you and you can send them a message.
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  You could, you know you you can DM them.
• 41:08
  It's one of the best ways to reach me.
• 41:09
  I would say it is the best way to reach me.
• 41:11
  So if you want to reach me directly, if you have any
• 41:13
  questions for me, whatever, you can download the orange pull up,
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  send me a message, and I promise I'll get back to you anyways,
• 41:20
  Download the orange pull up today, check the link in the
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  video description, or scan the QR code on your screen.
• 41:25
  All right, ladies and gentlemen, let's get to the culture.
• 41:28
  We have a lot to talk about. Let's check it out.
• 41:29
  Here we go. The Daily Culture.
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  Scan the QR code or check the link in the video description,
• 43:04
  Opti, I mean, we we we have a hot, we have a hot topic today,
• 43:07
  bro. I mean, yeah, this one, I
• 43:09
  thought there was going to be more of a fight, man.
• 43:11
  I thought there was going to be more of a fight.
• 43:14
  But just bitcoins incentives just stay completely undefeated
• 43:18
  and everyone bows down to the king.
• 43:20
  So what are we going to talk about today?
• 43:21
  Yeah, man. So we're we're basically going
• 43:24
  to talk about the vibe shift that we're seeing from politics
• 43:26
  and you guys know that this is a very contentious issue,
• 43:30
  especially here it's simply Bitcoin.
• 43:31
  But in in general. And so I'm going to go a little
• 43:34
  saga here. I didn't, I didn't cover
• 43:36
  everything that we've seen happen.
• 43:38
  Just more so all the things we've seen come out from the
• 43:42
  administration against Bitcoin in the last couple of months.
• 43:44
  So first and foremost guys, you already know we've been covering
• 43:47
  this last couple of weeks, but we're going to start off with
• 43:49
  the founders of Samurai Wallach getting arrested and you know,
• 43:53
  that hit the airwaves. I think we all kind of got a
• 43:55
  little black pilled on that one. We're like man, they're coming
• 43:57
  after us. Everyone's bunker down then and
• 44:00
  following a couple days later we saw, you know, Roger Ver get
• 44:03
  arrested for tax evasion even though he renounces citizenship.
• 44:06
  And then something we've been talking about here on the show
• 44:09
  for a while is that Bitcoin isn't a partisan issue, is that
• 44:12
  Bitcoin is for anyone and it's not left versus right, it is
• 44:16
  orange versus green. And we've been bringing on Troy
• 44:19
  Cross a lot on this show. And of course Elizabeth Warren
• 44:21
  has been on her anti crypto army crusade for, I don't know, a
• 44:25
  long time at this point. And this is just some context
• 44:28
  here. This is what we're going to be
• 44:30
  talking about today, because the vibe shift is happening in real
• 44:32
  time and they're kind of overshooting it at this point.
• 44:35
  Now they're trying to get in favor from everyone in the quote
• 44:38
  UN quote crypto space, and they're definitely going to hurt
• 44:40
  some people. So for a while, you know, the
• 44:41
  SEC was saying, oh, we can't allow Bitcoin ETF because we got
• 44:45
  to protect investors. And now they're kind of changing
• 44:48
  tune to be like, all right, let's just open the floodgates
• 44:50
  and we'll have an ETF and you got to get wrecked.
• 44:52
  Anyways, Troy Cross has kind of been saying this to you guys.
• 44:55
  Elizabeth Warren's vengeful obsession with the great well
• 44:59
  could cost them the presidency in a tight race and we've been
• 45:01
  covering this for a while and he continues to go and he goes.
• 45:05
  The electorate does not share the administrations hatred of
• 45:07
  self custody or even custody by banks or a Bitcoin or freedom to
• 45:11
  transact peer-to-peer. Those are positions of elites in
• 45:14
  power and not voters. And I even found this article
• 45:17
  from Mises. I'm not going to read it, but
• 45:19
  it's what we've been talking about here a long time on the
• 45:21
  show is the arrest of the samurai wallet developers show
• 45:23
  that the US government hates privacy and freedom.
• 45:26
  And this is where all the bit corners where we, you know, we
• 45:29
  we gather in arms and we go out and we tweet and we meme and we
• 45:32
  realized that Oh my goodness, they are coming after us.
• 45:35
  We knew it was coming, but we didn't know it was going to be
• 45:37
  coming so quickly. Of course, as bit corners, we
• 45:40
  know the meme can't ban Bitcoin. You can only ban yourself from
• 45:43
  Bitcoin. And This is why we love Bitcoin
• 45:44
  is because it's the only true decentralized network in the
• 45:47
  world. It's the only truly
• 45:49
  decentralized money in the world.
• 45:50
  It's censorship resistant, 21 million hard cap, all that good
• 45:53
  stuff. But there was a vibe shift and
• 45:56
  of course it happened when Donald Trump came out and said
• 45:59
  that he is good with Bitcoin, that he would do whatever he can
• 46:02
  to make sure that he's not fighting crypto.
• 46:05
  And ever since that day, and this was May 8th, May 9th when
• 46:08
  that news came out, we're starting to see the vibe shift
• 46:12
  in regards to Bitcoin. It's no longer just becoming a
• 46:14
  partisan issue. It's no longer just quote UN
• 46:17
  quote, the Republicans that are pro Bitcoin and the Democrats
• 46:19
  being anti Bitcoin. We're seeing now that the
• 46:22
  Democrats themselves are starting to abandon ship and
• 46:25
  they're realizing saying Oh my God, we can't find Bitcoin
• 46:28
  because we might lose this election.
• 46:31
  And so going on Pierre Rochard goes sadly Biden's DOJ is trying
• 46:35
  to criminalize the use of Bitcoin.
• 46:36
  But thankfully there is a bipartisan effort to push back
• 46:39
  against tyranny and this was May 12th And of course he's talking
• 46:42
  about Senator Lummus and Rod Wyden letter to the DOJ
• 46:46
  regarding their recent arguments to expand their interpretation
• 46:49
  of what constitutes a money transmission business and going
• 46:52
  forward shots at the Pierre Rochard.
• 46:54
  He's like one of the reasons why I'm here in the 1st place and
• 46:56
  goes it's not an exaggeration. Biden's DOJ is trying to
• 46:59
  criminalize peer-to-peer Bitcoin transactions and self custody
• 47:03
  unhinged authoritarianism. And we saw last week that, you
• 47:09
  know, some Democrats definitely were in favor of the SOS A/B
• 47:14
  121. But going further, Liz Warren
• 47:16
  and Joe Biden made Bitcoin or in this tweet, crypto a political
• 47:20
  issue and not the crypto community.
• 47:22
  Radical policies aimed to ban or severely crypto an industry that
• 47:25
  enshrined American constitutional values into the
• 47:28
  global financial system will lead to backlash.
• 47:31
  And we're seeing that backlash again.
• 47:33
  Here's the letter of the DOJ threatening to criminalize
• 47:35
  Bitcoin. And then I wanted to add this
• 47:38
  one in here because we saw last week Oklahoma passes land build
• 47:41
  to protect Bitcoin rights. So we're seeing that it's not a
• 47:43
  monolith in DC against Bitcoin, but the real vibe shift happened
• 47:50
  when this came out. And here's Sailor.
• 47:52
  We mentioned this last week. Wall Street wants Bitcoin in the
• 47:56
  House of Representatives wants Bitcoin and now the Senate wants
• 47:59
  Bitcoin. And of course over here on No BS
• 48:01
  US Bennett Senate votes to kill SEC Bitcoin accounting policy in
• 48:05
  a historical vote, which I believe had 12 Democrats sign on
• 48:09
  with it as well. But we still saw that the
• 48:13
  Tornado cash developer. This is a Netherlands.
• 48:15
  Of course this isn't in the US got found guilty for quote UN
• 48:18
  quote laundering $1.2 billion of crypto.
• 48:21
  So we're still seeing that there is some governments.
• 48:24
  There is some politicians out there that are fighting Bitcoin
• 48:27
  and there's been a lot of great threads.
• 48:29
  Here's Nick Carter, which is basically emphasizing what we've
• 48:32
  been saying on the show for a long time.
• 48:34
  Here's why the Democrats making the anti crypto agenda is a bad
• 48:37
  political move. You guys can find this on
• 48:39
  Twitter, but this to our paragraph.
• 48:43
  Here it goes. Why are the Dems making crypto a
• 48:45
  wedge issue, even if it's to their detriment?
• 48:47
  Why is Biden threatening to veto a relatively uncontroversial SAB
• 48:52
  121 overturn? To me it seems like the mainland
• 48:55
  Dems are simply enthralled to the Warren wing of the party.
• 48:58
  Her appointees and proteges continue control.
• 49:00
  Much of the financial regulatory apparatus, as far as I can tell
• 49:03
  on the more radical progressive seem in control Financial
• 49:06
  Policy. And that's why we got such
• 49:08
  crazed outcomes like the SEC being obsessed with climate or
• 49:11
  the FDSC trying to nuke every bank that serves crypto or
• 49:14
  fintech. I believe the progressives are
• 49:16
  also significantly underestimating the level of
• 49:19
  popular support for crypto in the US and will not reverse
• 49:22
  course until it's too late. Well we're seeing that now.
• 49:25
  They are trying to course correct because as Pierre
• 49:29
  Rochard says here, of course he's kind of trolling, but I
• 49:31
  think he's also being very serious.
• 49:33
  You know we got Elizabeth Warren here.
• 49:35
  Elizabeth Warren is building an anti crypto army and Pierre
• 49:38
  Rochard goes historians will look back on this as the worst
• 49:41
  campaign pain had ever. Well now we're seeing this
• 49:45
  happen in real time And of course follow the dates May 19th
• 49:48
  we have Ryan Selkis because Liz Warren's anti crypto crusade has
• 49:52
  been extremely costly for Democrats they should be irate
• 49:55
  at her bad faith engagement with the crypto industry.
• 49:58
  It will cost in the Senate likely the White House but it
• 50:01
  might not cost them the house if it what 21 passes by 200 plus
• 50:05
  votes. So catching up to what we saw
• 50:08
  yesterday and of course we are simply Bitcoin.
• 50:11
  We do not and we encourage you to get any exposure to any shit
• 50:15
  coin, especially Ethereum, the mother of all shit coins.
• 50:18
  But we are seeing some recent developments here and I think
• 50:22
  this is where the Vibe ship is happening again.
• 50:24
  We covered all of last year, you know Gary Gensley used to teach
• 50:28
  a class on Bitcoin and blockchain and MIT, then he gets
• 50:30
  in a position of power SEC and then he's anti Bitcoin trying to
• 50:34
  hold back the Bitcoin ETF for as long as possible.
• 50:37
  And now as we see this vibe shift we're seeing that maybe
• 50:41
  they're going to over shoot this a little bit and now we for a
• 50:44
  while we're covering that they're actually we we didn't
• 50:47
  even cover this because it seemed like noise and it didn't
• 50:49
  seem like it would ever happen because anyone that knows ETH is
• 50:52
  a security in regards to the Howie test.
• 50:55
  But this came out from Eric Butcher.
• 50:58
  Your last name. Bob Connis, Senior ETF Analyst
• 51:01
  for Bloomberg and he goes update.
• 51:04
  Jason Seifert and I are increasing our odds of spot
• 51:07
  Ethereum ETF approval at 75%, up from 25%.
• 51:11
  Hearing chatter this this afternoon.
• 51:12
  The SEC could be doing a 180 on this increasingly political
• 51:16
  issue. So now everyone's scrambling
• 51:18
  like us. Everyone else assumed that this
• 51:20
  would be denied and he goes see Nate's tweet below and he goes
• 51:24
  SEC's decision deadline this week on spot ETF.
• 51:27
  So moving forward we have Jake Shervin Shervinsky.
• 51:31
  Sorry bro. And he goes.
• 51:32
  If the spot ETF ETF is approved, it would be a true shock to
• 51:36
  everyone I know in DC who's close to this process.
• 51:39
  It doesn't mean it won't happen. It means approval could signal a
• 51:42
  major shift in US crypto policy after the SAB 121 vote.
• 51:47
  Perhaps more important than the ETF itself.
• 51:51
  And then this morning, guys, we saw this happen as well and
• 51:53
  shouts out the Nick Carter. I think he's on point here and
• 51:55
  you guys can say what you want about Nick Carter, but I think
• 51:57
  he's on point here and he goes. The resignation of Choke Point
• 52:00
  Marty was bigger news than the ETF and here's why.
• 52:03
  So going into this tweet thread a little bit, what's this guy's
• 52:07
  name? Martin Grunberg was basically
• 52:11
  the guy who turned the SEC agency against.
• 52:14
  We'll use Bitcoin, but he says crypto and then moving forward,
• 52:18
  Not only that, but he was the main guy behind Operation Choke
• 52:21
  .2 Point O. So now and he just got fired.
• 52:24
  So now we're going to move on. Yeah, Nico, I do have it here.
• 52:29
  Let me. I just have to change the screen
• 52:30
  real quick. I have Comp's newsletter that he
• 52:36
  dropped this morning and he is also saying very similar things
• 52:40
  that we've been saying on simply Bitcoin.
• 52:42
  And it's the idea that what we've been saying for a while,
• 52:45
  Bitcoin isn't a partisan issue. It's not left versus right, It
• 52:49
  is orange versus green. It is a CBDC versus Bitcoin.
• 52:53
  It is slavery versus freedom. And now we're seeing an absolute
• 52:57
  vibe shift, maybe overshooting the vibe shift at this point to
• 53:00
  allow an ETF. Because now they've realized
• 53:03
  that, wow, Trump is most likely going to win this election
• 53:07
  because of his pro Bitcoin or pro crypto stance.
• 53:10
  And I think they fully underestimated the impact of a
• 53:14
  pro Bitcoin, or in this case, maybe because they don't know
• 53:17
  pro crypto policies and they've been attacking us for a long
• 53:21
  time now. And you saw that they clamped
• 53:23
  down on the Samurai devs, they clamped down on Roger Ver.
• 53:26
  And you're seeing that they've been posturing for, you know,
• 53:28
  banning self custody of your Bitcoin, calling it unhosted
• 53:32
  wallets. And after the approval of the
• 53:34
  Bitcoin ETS, you saw them posturing in this idea of, oh,
• 53:38
  you guys can own the ETF, you guys can own captured Bitcoin,
• 53:41
  but if you hold Bitcoin yourself, that is a problem.
• 53:45
  And and we got to stop this. We got to protect the investors.
• 53:48
  Well, now we're seeing they're changing their tune a little
• 53:51
  bit. And yeah, maybe they're going to
• 53:53
  overshoot a little bit on this one and get Wall Street and
• 53:56
  probably some retail investors absolutely wracked by unleashing
• 54:00
  an ETF. Even though it doesn't seem like
• 54:02
  there is institutional demand for an ETF, it seems like the
• 54:06
  odds are changing a little bit. So it goes to show that they are
• 54:09
  changing their tune. And really it's what I like to
• 54:12
  say here all the time. And of course I'm kind of
• 54:13
  trolling, but it's our meme world and everyone else is
• 54:15
  living in it and they're starting to realize that bit
• 54:18
  corners are the one that hold all the power.
• 54:20
  So Reading Pumps newsletter Here goes.
• 54:23
  It felt like the tide is turning, but there was still a
• 54:26
  very long way to go. At lunch yesterday I shared with
• 54:28
  my friend that it felt like the Biden administration could not
• 54:31
  continue their abrasive stance towards the industry.
• 54:34
  Trump's recent embracing of Bitcoin and crypto meant that
• 54:36
  Democrats were backed into a corner.
• 54:38
  If they continue to be abrasive to Crypto, they risk losing a
• 54:41
  very large percentage of a key demographic during the election.
• 54:45
  I had no idea how important Democrats thought the crypto
• 54:48
  issue has become though it appears in the last 48 hours a
• 54:51
  decision was made. No one knows who made it.
• 54:54
  But someone in the position of power and influence has decided
• 54:57
  that the Democratic Party could not see the crypto issue to
• 55:00
  Trump for the 2024 election. There will be no pro versus anti
• 55:04
  crypto candidate showdown in November.
• 55:06
  You are watching both political parties actively position
• 55:09
  themselves to compete for votes from Bitcoin and crypto holders.
• 55:12
  It took only 15 years for the industry to go from creation to
• 55:16
  shaping campaign policies. The ground shifted this week and
• 55:20
  the world will never be the same.
• 55:23
  And here we are guys, this is something we've been covering
• 55:25
  for a while. I know, I know.
• 55:27
  We we get a lot of Flack here because we, we try to stay as
• 55:31
  neutral as possible because Bitcoin is for anyone.
• 55:33
  It doesn't matter what side of the aisle you're on.
• 55:35
  Bitcoin is for anyone. It's not left versus right.
• 55:38
  It is freedom versus slavery. It is orange versus green.
• 55:42
  And for a while there, last month or so, I I was having a
• 55:45
  lot of conversations and even Nico and I had these
• 55:47
  conversations. You know, we've been trolling
• 55:48
  for a while though, like, oh, I guess we got to leave America
• 55:51
  and go to El Salvad. The door I got on the phone with
• 55:53
  a lot of friends and and the Samurai dev arrest was one of
• 55:57
  those, like Vibe shift. It got a little dark for like a
• 55:59
  week. And now we're seeing that they
• 56:02
  understand what we understand and they can't ostracize bit
• 56:05
  corners because this isn't a partisan issue like Bitcoin is
• 56:09
  for anyone. Bitcoin literally has the best
• 56:12
  of both sides of the aisle. If you are for the prosperity of
• 56:16
  of planet Earth, of humanity, then you are a bitcoiner.
• 56:19
  If you love property rights, then you are a bitcoiner.
• 56:23
  If you are concerned about, you know, corporations like the OG,
• 56:28
  Occupy Wall Street movement, then you're probably pro Bitcoin
• 56:32
  because you are able to ensure you have purchasing power.
• 56:35
  And now we're finally seeing that that shift.
• 56:38
  The vibe has shifted now and they're realizing and I'm sure
• 56:41
  we'll cover this more, the Democrats have realized that
• 56:44
  they can't attack bitcoiners. And because now you know, if
• 56:47
  Trump comes out as pro Bitcoin and then and the Republicans win
• 56:50
  that that Bitcoin vote, then things can fundamentally shift
• 56:55
  in this very tight elections. We are into the election season,
• 56:57
  and I think for a while there they thought that, hey, we got a
• 57:00
  current clamp down on Bitcoin because of the elections and now
• 57:03
  they're changing their tune. And yeah, if they do allow an
• 57:07
  ETF, of course we're bitcoiners only we love free markets.
• 57:11
  Hey you, you guys can buy what you want, but we know what we're
• 57:14
  buying. We're buying Bitcoin directly.
• 57:16
  But like my boy Nolan always says, I'm at this point.
• 57:19
  I I think I'm going full acceleration this year on Nikko
• 57:22
  and I I really do want them to approve this ETF so that Wall
• 57:26
  Street goes balls deep into the ETF.
• 57:29
  They get absolutely wrecked out quote, UN quote.
• 57:31
  All the smart money in the world, or at least on Wall
• 57:36
  Street buys the ETF. They get rug pulled, they get
• 57:39
  wrecked and you start to realize that the smartest people in the
• 57:42
  room aren't much smarter than you.
• 57:44
  And hey, if this ETF does get approved, then I think that that
• 57:48
  is a fundamental vibe. Should maybe we're as you know
• 57:51
  Opti, I forget what your name is today, but my boy that trolls me
• 57:54
  every single day in the chat. Maybe we are entering in the
• 57:57
  full Max degen phase right now and they're just trying to get
• 58:00
  all political favor at this point.
• 58:02
  But one thing stands for sure, there is a bias shift happening.
• 58:06
  And now Bitcoin fundamentally isn't a partisan issue coming
• 58:11
  out of DC. Now they're realizing they have
• 58:13
  to embrace Bitcoin because not only does Bitcoin embrace the
• 58:16
  the American values here, but they're, you know, these attacks
• 58:21
  on Bitcoin are really basically attacks on your liberty, your
• 58:25
  freedom. And now they're realizing this
• 58:26
  is not a politically viable situation.
• 58:30
  Yeah, I like that, Jose. Bitcoin brings us all together.
• 58:32
  And hey, I know Bitcoin eventually makes politics.
• 58:37
  You know what? What's the word?
• 58:39
  Irrelevant. But in the meantime, we're
• 58:42
  seeing that politics does have an effect on your life.
• 58:45
  And now they're embracing Bitcoin.
• 58:47
  So fundamentally, A vibe shift is happening right now, guys.
• 58:51
  I don't care what side of the aisle you are, It's not left
• 58:53
  versus right. It is orange versus green.
• 58:56
  It is Bitcoin versus freedom. But we're seeing that now
• 58:59
  they're they have to embrace Bitcoin, which goes to show
• 59:01
  everything that we've been saying here for a long time,
• 59:04
  guys. He who owns the Bitcoin makes
• 59:06
  the rules. And man, it feels so good
• 59:09
  winning. It feels so great winning.
• 59:11
  Anyways, Nico, jump in, add some more context to this 'cause I
• 59:13
  know this is right up your alley bro.
• 59:15
  First of all, you did an incredible job covering all of
• 59:17
  that. It's a very complex topic and I
• 59:19
  just want to pull up a a comment because here we go.
• 59:25
  SpongeBob SquarePants stable Coins are becoming one of the
• 59:28
  largest buyers of treasuries. They have no choice.
• 59:30
  We're going to cover that. By the way, 'cause it.
• 59:32
  It's very, very interesting and a lot of people are not aware.
• 59:35
  But yes, specifically Tether, he's becoming one of the largest
• 59:40
  Treasury buyers in the world, right, which is actually good
• 59:44
  for U.S. politicians, which is just interesting how all that
• 59:47
  works. Anyways, to kind of add to
• 59:49
  Opti's point, I think he did a very good job thoroughly
• 59:52
  covering every, every single angle.
• 59:55
  But I, I, I got to say is that like this happened a lot sooner
• 1:00:00
  than than we all anticipated. We all anticipated there was
• 1:00:03
  going to be a big fight. But it kind of reminds me of
• 1:00:08
  when the Wall Street Journal dropped a bogus article making
• 1:00:13
  the claim that Hamas was using Bitcoin to launder money within
• 1:00:20
  a week or two. There was so much pushback on
• 1:00:24
  Bitcoin Twitter and just the Bitcoin community that Tom
• 1:00:27
  Emmer, which is a member of the House of Representatives and got
• 1:00:31
  the head of FinCEN to admit in Congressional testimony that
• 1:00:35
  terrorists prefer using the traditional financial system
• 1:00:39
  over Bitcoin, just completely debunking the article and
• 1:00:44
  completely debunking that angle of attack from Elizabeth Warren.
• 1:00:49
  I think what happened when they started locking us in a box OK
• 1:00:56
  is that they really awoken the beast.
• 1:00:59
  Look I, I, I got to say we have never taken a stance ever on
• 1:01:05
  this show but it got us to the point and I I'm we're not the
• 1:01:09
  only ones to feel this way at simply Bitcoin.
• 1:01:12
  But you see the vitriol coming out of the out of the community
• 1:01:16
  you have very notable you have David Bailey saying that he's
• 1:01:19
  going to raise hundreds of millions of dollars against
• 1:01:21
  Biden's opponent. I mean, against the people
• 1:01:24
  running against Biden, you saw very, very notable members of
• 1:01:28
  the community just stand up and say, wait a second, I don't even
• 1:01:32
  care that I dislike Trump or RFK Junior.
• 1:01:36
  I'm going to vote for them because they're going after us.
• 1:01:40
  And I think that they awoken a sleeping giant and now they're
• 1:01:45
  trying to walk it back. That is what is happening right
• 1:01:48
  now. They really poked a bear.
• 1:01:51
  They had no idea how many people felt so passionately about this.
• 1:01:56
  But I don't think they could walk it back.
• 1:01:58
  I think they, you know, I think that they they made their bed.
• 1:02:02
  I think that the faction of that party that is controlled by
• 1:02:06
  Elizabeth Warren is very powerful.
• 1:02:09
  Are they going to be able to really backtrack the way they
• 1:02:12
  they the way that they, you know, that they are they're
• 1:02:15
  signalling to, which is why I think that pomp e-mail from this
• 1:02:18
  morning was so important. Are they going to do that?
• 1:02:22
  Is it too little, too late? Either ways this is great news
• 1:02:26
  because this tells me that Bitcoin is you cannot attack it
• 1:02:31
  politically and that is that is a positive thing.
• 1:02:34
  That's what we've always said on this channel.
• 1:02:37
  It's not left versus right. It's the party of Fiat, the
• 1:02:40
  party of green versus the party of orange, a party of Bitcoin.
• 1:02:43
  Peace, prosperity, opportunity. And that's really the battle at
• 1:02:47
  hand. And it doesn't matter whether
• 1:02:49
  you're Democrat or Republican, left left-leaning or right
• 1:02:52
  leaning, liberal versus conservative.
• 1:02:53
  It really just it depends like, do you support Bitcoin or do you
• 1:02:56
  not support are you anti Bitcoin?
• 1:02:59
  And what has happened was that they stirred up a hornet's nest,
• 1:03:04
  no pun intended, and that hornet's nest got really effing
• 1:03:08
  angry. And they didn't realize how
• 1:03:11
  strong of a support, especially with the huge demographic that
• 1:03:16
  they're relying on. And now they're kind of trapped
• 1:03:19
  in a corner, Pomp said it perfectly.
• 1:03:21
  They're trapped in a corner. Like, what are they going to do?
• 1:03:23
  Right? Are they going to go?
• 1:03:25
  Are they going to continue moving forward the CBDCBS or are
• 1:03:30
  they going to get you know are they going to get thrown out of
• 1:03:33
  office through the, you know through the electoral process?
• 1:03:36
  Right. What are they going to do?
• 1:03:37
  They're kind of trapped in a corner here and I I love Opti
• 1:03:41
  that you pulled up that tweet by Pierre Richard.
• 1:03:44
  Like that is the most that that regardless of whatever political
• 1:03:49
  party you stand on it, whatever your ideology, taking an anti
• 1:03:53
  Bitcoin stance in a in a democratic system is the dumb
• 1:03:57
  excuse my lunch ladies and gentlemen is the dumbest shit
• 1:04:00
  that you could ever think of. Like that is stupid.
• 1:04:04
  Why would in what world is that a good thing?
• 1:04:08
  In what world is that a good thing?
• 1:04:11
  And you know what the tragedy of Elizabeth Warren is, is that she
• 1:04:14
  was one of the main supporters of the Occupy Wall Street
• 1:04:17
  movement. What happened?
• 1:04:19
  Well, I know what happened. You know, the big banks just
• 1:04:22
  started giving her money and all of a sudden it's not about
• 1:04:24
  Occupying Wall Street. It's about protect the banks at
• 1:04:27
  all cost. And you know, let's roll out the
• 1:04:30
  central bank digital currency so that the US government could
• 1:04:33
  retain the privilege of creating money for free that everyone
• 1:04:35
  else has to work for, you know, But it's crazy because every
• 1:04:39
  single time, you know this, this, this industry or this
• 1:04:43
  sector has been attacked, we've won the fight.
• 1:04:47
  And every single time we win the fight, we get a little bit more
• 1:04:51
  confident and we get a little. And we were like, whoa, wait a
• 1:04:54
  second. You know, you know, you could
• 1:04:57
  lock some of us in prison, but, you know, you're never going to
• 1:05:01
  take my freedom. You're never going to force me
• 1:05:04
  to use the money that steals from me.
• 1:05:06
  I'm not going back to your slavery system.
• 1:05:08
  I'm not going back to using Fiat.
• 1:05:11
  I want to be able to earn and saving a money that doesn't
• 1:05:15
  steal from me. Full stop.
• 1:05:17
  Period. Right.
• 1:05:19
  And they underestimate how much of us feel this way.
• 1:05:23
  They underestimate how much our ranks are growing by the day.
• 1:05:27
  And that is why they're going to fundamentally lose.
• 1:05:30
  We're never going back to a political money system.
• 1:05:34
  That system is slowly dying. And I think guys, at the rate at
• 1:05:39
  which Bitcoin is being accelerated by very powerful and
• 1:05:43
  wealthy institutions, I would even say that that political
• 1:05:46
  money system is dead within the next 10 to 15 years.
• 1:05:50
  Oh, that's a that's a big prediction.
• 1:05:52
  It's happening very fast, Opti. It's just happening so fast,
• 1:05:55
  bro. Listen, listen man, you have the
• 1:05:58
  Wall Street, you have Wells Fargo and JP Morgan that are
• 1:06:00
  going to start benefiting from number go up.
• 1:06:03
  How long until they break ranks, how long until Michael Saylor
• 1:06:06
  said it the other day? What happens when 10,000
• 1:06:09
  companies are holding Bitcoin on their balance sheet?
• 1:06:12
  What what happens when they start to to realize, wait a
• 1:06:16
  second, like why am I holding treasuries?
• 1:06:20
  Like why am I holding Fiat? Like this makes no sense that 1%
• 1:06:24
  allocation is going to turn into 3% allocation is going to turn
• 1:06:27
  into a 5% allocation. It's going to turn into a 10%
• 1:06:30
  allocation. This is Bitcoin is the superior
• 1:06:33
  asset and and it and unfortunately for the political
• 1:06:37
  class, unfortunately for the political class that have been
• 1:06:39
  abusing the privilege that we bestowed to them as citizens.
• 1:06:46
  You know the party's over and I think that's fundamentally
• 1:06:49
  that's fundamentally where the Biden administration was coming
• 1:06:52
  from and that's fundamentally where Elizabeth Warren was
• 1:06:55
  coming from. But I think that they miss
• 1:06:58
  underestimated how passionate and how popular Bitcoin and to
• 1:07:05
  be frank guys like, because we got to be honest here how, how
• 1:07:09
  popular the Bitcoin industry and the crypto industry is in the
• 1:07:14
  United States. You know, And for bitcoiners
• 1:07:17
  that are cheering like saying like, oh man, like like Bitcoin
• 1:07:20
  is like, no, no, no, no, no, listen, Bitcoin is going to win
• 1:07:24
  on the free and open market. I don't want government to
• 1:07:27
  intervene and get to decide. Oh you know what?
• 1:07:30
  Like everything else is a everything else is a security.
• 1:07:34
  Now Bitcoin. No, no, no, no.
• 1:07:36
  Let Bitcoin win by itself. It doesn't need help.
• 1:07:39
  It has superior incentives. Ethereum will spontaneous
• 1:07:43
  Ethereum will collapse on its own.
• 1:07:45
  You don't have to. You don't have to.
• 1:07:47
  This such a good quote from from my wife.
• 1:07:49
  Shout out Internet Sophie, my beautiful wife.
• 1:07:52
  Lol. Imagine selling your soul for
• 1:07:54
  monopoly money. I might, you know, for a tweet,
• 1:07:58
  because that's a great one. Anyways, bro, that's what I got
• 1:08:00
  to say about wait Miko. Can I can I jump in a little bit
• 1:08:02
  here? Because I I actually like this
• 1:08:04
  conversation. Umm.
• 1:08:05
  One thing I'm going to troll I first first first comment.
• 1:08:08
  Conversations I do. Sometimes not like, well, I'm.
• 1:08:12
  Gonna I'm gonna pivot a little bit.
• 1:08:13
  I'm gonna pivot a little bit. It's what we say here constantly
• 1:08:15
  on the show. But first and foremost, I gotta
• 1:08:17
  troll. I gotta troll Elizabeth Warren
• 1:08:18
  out a little bit. I really hope that Elizabeth
• 1:08:20
  Warren completely pivots and embraces the ETFs next.
• 1:08:24
  Like that would be the funniest thing.
• 1:08:26
  Like what's that mean? You know, whatever.
• 1:08:29
  Whatever is the most hilarious outcome, whatever is the most
• 1:08:31
  hilarious outcome is is the final, is the real outcomes.
• 1:08:34
  Like that would be the funniest thing I I ever seen in my life.
• 1:08:38
  Is she just fully pivots and is like all right you know, I know
• 1:08:41
  it's anti crypto, but you guys should be releasing this ETF
• 1:08:45
  next. Think of the investors.
• 1:08:47
  OK, but that. 'D be so funny.
• 1:08:50
  OK, the reason I like this, this conversation today, Nico, is
• 1:08:53
  because what do we say here on the show constantly?
• 1:08:56
  This is an information war and we have the truth on our side.
• 1:09:00
  And Bitcoin has this very peculiar knack of exposing
• 1:09:04
  people's incentives. And now we're realizing, of
• 1:09:07
  course they're politicians, of course they have to gain favor
• 1:09:09
  of of the voting population out there.
• 1:09:12
  And now they realize that, Oh my God, we can't find Bitcoin or we
• 1:09:14
  can't fight Bitcoin. Sorry.
• 1:09:16
  But what this, I think further proves is the the theme we've
• 1:09:21
  been talking about on this show for a long time.
• 1:09:23
  Is that what is information narrative, trench warfare on the
• 1:09:26
  battlefield of the Internet? And we're seeing that the the,
• 1:09:31
  the lies and the gaslighting that are coming out from the
• 1:09:34
  quote UN quote, official institutions don't have the
• 1:09:37
  weight that they used to have. Now they realize, like, Oh my
• 1:09:40
  God, if we lie blatantly to people, the people aren't going
• 1:09:43
  to listen to us like wholesale. And now they're realizing, wait,
• 1:09:47
  we actually have to kind of talk about the numbers.
• 1:09:50
  We actually have to give people the truth because they aren't
• 1:09:52
  buying our lies anymore. And I think that might be the
• 1:09:56
  biggest signal here is that they had to completely 180, you know,
• 1:10:00
  vibe shift on their whole anti Bitcoin stances because people
• 1:10:04
  out there are like look, I'm tired of the lies.
• 1:10:06
  I'm tired of you guys attacking my liberties, attacking my
• 1:10:09
  rights here and they're lies. What's up?
• 1:10:12
  What's it's like Star Wars, like you have no power here or
• 1:10:14
  whatever. The meme is like you're I, I I
• 1:10:16
  forget what it is like that's what we're seeing right now and
• 1:10:19
  the information is spreading enough.
• 1:10:21
  It's the information's decentralized enough around
• 1:10:25
  planet Earth where they're realizing, wait, like, why are
• 1:10:28
  you attacking Bitcoin? It's like, first of all,
• 1:10:31
  remember when they used to say Bitcoin is nothing, it's backed
• 1:10:33
  by air, it has no value. And then they came out and they
• 1:10:36
  started fighting Bitcoin because, oh, it's going to wait,
• 1:10:39
  it's a national security risk. And you know, we got a banned
• 1:10:43
  custody of your Bitcoin. Like, we can't allow the ETF
• 1:10:46
  because it's going to hurt investors.
• 1:10:48
  And then Bitcoin has the best ETF launch ever.
• 1:10:50
  You know, we're, we're seeing, we're seeing.
• 1:10:54
  That if you fight. Bitcoin and bitcoiners, you
• 1:10:57
  can't you can't keep this going. We see one president or two
• 1:11:00
  presidential candidates embrace Bitcoin and they're like Oh my
• 1:11:03
  God, we got to completely abandoned this.
• 1:11:05
  This is the information warfare happening in real time and they
• 1:11:09
  can't fight the truth anymore. And I think that's the like the
• 1:11:12
  real silver lining here. Like the truth wants to be set
• 1:11:14
  free. The consciousness of of planet
• 1:11:17
  Earth starting to raise and they realize that all the
• 1:11:20
  institutions are fake. They've been lying to us
• 1:11:22
  forever. The CPI numbers are manipulated
• 1:11:25
  and people want truth. People want something solid,
• 1:11:28
  people want a good money. And now we're seeing that.
• 1:11:31
  Hey, Nico and I were saying that probably 2028's the year when
• 1:11:34
  Bitcoin becomes like the political issue.
• 1:11:37
  Well, it happened before even the 2024 election and dropped in
• 1:11:41
  like 3 months. But it was like, bro, we were.
• 1:11:44
  Preparing for it, we're like, Oh my God, this is gonna be like
• 1:11:46
  mainstream, like whatever. And they can see.
• 1:11:49
  They can see within a week or two 'cause they realized like,
• 1:11:52
  this is politically unviable. And I was saying that I was
• 1:11:54
  like, look, by 2028 this is gonna be politically unviable to
• 1:11:57
  take a anti Bitcoin stance. It happened a lot sooner than
• 1:12:00
  that. All these things are happening a
• 1:12:02
  lot sooner. I never would have thought.
• 1:12:04
  JP Morgan and Wells Fargo and you know the Wisconsin
• 1:12:08
  investment, what is it? Pension, what is it?
• 1:12:11
  OPTI Wisconsin pension fund. I forgot what.
• 1:12:15
  The name is. I would have never would have
• 1:12:16
  thought in a million. Effing years that any of these
• 1:12:20
  you know funds or or or banks would want exposure to Bitcoin
• 1:12:24
  and what's crazy is that when they start feeling the benefits
• 1:12:28
  of end number go up technology you know all like literally the
• 1:12:32
  dam's gonna break because you're gonna be if you're aceo of a
• 1:12:37
  public company or a bank or something like that.
• 1:12:41
  It's like, do you think it's a coincidence that the Vanguard
• 1:12:44
  CEO stepped down, you know, a month after he went on TV and
• 1:12:48
  say we're not going to take an, you know, we're not going to
• 1:12:50
  allow a Bitcoin thing? Like it's just like the the
• 1:12:54
  incentives are going to take care of themselves.
• 1:12:56
  And I think right now this is another testament of bitcoins
• 1:12:59
  incentives that they're superior.
• 1:13:02
  They're they're unbeatable. You know it.
• 1:13:04
  Bitcoin has been attacked in so many different ways by the most
• 1:13:08
  powerful nation states in the world, including, you know, the
• 1:13:11
  CCP of elements of the US government undefeated, literally
• 1:13:15
  undefeated. The memers on on the Internet
• 1:13:18
  are just like whatever. So look, you know, But All in
• 1:13:22
  all seriousness, the Samurai guys, did you see the theory, by
• 1:13:27
  the way? Did you see that?
• 1:13:28
  Theory. Which theory?
• 1:13:30
  There is a I'm not going to bring it up.
• 1:13:31
  Because I don't have all the contact.
• 1:13:33
  Information. But anyways, OK, free samurai
• 1:13:37
  guys, you know Bitcoin privacy developer should not be in
• 1:13:40
  prison you know. So Julian Assange which we
• 1:13:44
  didn't have time to cover that today, will cover on tomorrow's
• 1:13:47
  show should you know Ross Albrecht, all those guys, they
• 1:13:50
  need to be free right? You know freedom of speech is
• 1:13:52
  important. You know just because you write
• 1:13:55
  code doesn't mean you should be put in a box.
• 1:13:58
  But, and I think we will be able to free them as bit corners gain
• 1:14:01
  more and more influence, gain more and more power, gain more
• 1:14:04
  and more power and we will, mark my words, I hope we have a bit
• 1:14:08
  corner in the White House. Not a shake winner.
• 1:14:10
  That would suck. So you know mark my awards,
• 1:14:14
  we're going to have a bit corner in the White House in our
• 1:14:16
  lifetimes. And I think that's when you know
• 1:14:18
  all these guys are going to get pardons and stuff.
• 1:14:20
  So because it's a very, very important aspect of, you know,
• 1:14:24
  Bitcoin and what what this represents, what this movement
• 1:14:27
  represents. Anyways, Bitcoin is American is
• 1:14:30
  American Pie or apple pie. Sorry.
• 1:14:32
  And and you know, and it's exporting those American.
• 1:14:34
  Ethos of individual and freedom, prosperity.
• 1:14:37
  You know, the pursuit of happiness worldwide.
• 1:14:40
  You know, via the Internet. Anyways guys, we love you all.
• 1:14:43
  That was Tuesday, May 21st episode of Simply Bitcoin Live.
• 1:14:47
  If you guys enjoy the show, smash the like button.
• 1:14:49
  Smash it right now. There's 1096 of you guys
• 1:14:52
  watching between YouTube and Rum, YouTube and X, and there's
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• 1:14:58
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• 1:15:01
  content. It really helps if you leave a
• 1:15:03
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  this content forward. Share this with your friends and
• 1:15:11
  family. Get the message out there.
• 1:15:13
  Stop the divisiveness. Bring people together.
• 1:15:16
  Oh shout out to the Super chat by the way Lawrence Forbes,
• 1:15:18
  appreciate it. Thank you for the $2.00
• 1:15:20
  Canadian. All paradigm shift gradually
• 1:15:23
  then suddenly. Appreciate it bro.
• 1:15:24
  Anyways guys, we love you all. I'm your host.
• 1:15:26
  Nico is my Co host Optimus Fields.
• 1:15:29
  We're simply Bitcoin live and we'll be back tomorrow for a
• 1:15:32
  brand new episode. Peace out everybody.
• 1:15:35
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