Latest / Simply Bitcoin / You wont believe what Microstrategy is preparing for... | EP 1435

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You wont believe what Microstrategy is preparing for... | EP 1435 · Simply Bitcoin

• 0:01
  Bitcoin recovered from yesterday's crash, but many
• 0:04
  people are still wondering what would happen to the price of
• 0:08
  Bitcoin if MicroStrategy were forced to sell.
• 0:12
  Well, we got some massive news from Strategy's earnings call
• 0:15
  yesterday answering that exact question.
• 0:21
  You know, become needs to go down to $8000 a coin and sit
• 0:24
  there for five years up until 2032 before we really have a
• 0:29
  problem being able to satisfy the convertible note.
• 0:32
  So. So thank you for pointing that.
• 0:35
  All right, guys. So it looks like.
• 0:38
  I mean, why did he say that? Like, why, like did you guys
• 0:44
  notice that the day Bitcoin had like one of the most historical
• 0:49
  dumps in its history? I mean, literally the sky is
• 0:52
  falling. All the narratives about Bitcoin
• 0:54
  volatility this and Bitcoin volatility that goes completely
• 0:58
  out the effing window. Did you notice the day that
• 1:02
  MicroStrategy had their earnings call was the day that Bitcoin
• 1:06
  had its historical dump? Wall Street is here.
• 1:10
  Wall Street is playing games. Wall Street is trying to shake
• 1:13
  you out of your bags. And I don't know, listen, this
• 1:18
  is above my pay grade. What do I know?
• 1:20
  I'm just a bitcoiner making content on the Internet.
• 1:24
  But telling everybody what your liquidation, what what, what
• 1:29
  would need to happen for you to be liquidated.
• 1:33
  I don't think it's a wise move. Maybe they have to publicly
• 1:37
  disclose that I. Think they have to.
• 1:38
  Publish it as as a public company.
• 1:40
  This this was a shareholder meeting, so.
• 1:42
  But like, this is the type of thing where like, you know, big
• 1:45
  players are like, oh, really? Bro there's no way they can get
• 1:49
  it to 8K though. I mean.
• 1:51
  Dude, that's just so young. Look, I get it, You're bearish.
• 1:55
  That's not not. Everything is possible.
• 1:57
  Bro Nah fam. Anything is possible.
• 2:00
  Nah, you're tripping to. Liquidate strategy bro.
• 2:04
  I don't. Think.
• 2:05
  That's I don't think that's possible.
• 2:07
  Bro, the majority of the supply is held by O GS.
• 2:11
  More than 50% of supplies held by O GS.
• 2:14
  Bro it's not held by institutional players.
• 2:17
  I get that, but dude, there's no way they get to take all.
• 2:20
  Right. Anyway, let's get back.
• 2:21
  To the anyways anyways, yeah, as Nico was saying though, I wasn't
• 2:25
  going to bring this up, but since Nico mentioned it, we I
• 2:28
  should mention it as well. So yes, guys, actually it was
• 2:32
  interesting. Someone in the chat yesterday
• 2:34
  was like going really hard on us, Nico basically saying, you
• 2:39
  know. I didn't even notice.
• 2:41
  Yeah, obviously you don't, you don't pay attention to the chat.
• 2:43
  But someone was going and someone was saying something in
• 2:48
  the chat on the lines of like, how many people have these
• 2:51
  idiots hurt because they're always so bullish and the price
• 2:54
  predictions are wrong. And Nico said, like, you're
• 2:57
  going to look back at this time as the best buying opportunity
• 3:01
  imaginable in a few years. And they're like, oh, look at
• 3:05
  these idiots. They're doubling down.
• 3:06
  They're ignoring the the what? What?
• 3:08
  You know, they're ignoring people's feelings and it turns
• 3:11
  out when it's all said and done that this huge crash we saw
• 3:15
  yesterday was literally one of the biggest crashes in his in
• 3:20
  Bitcoin's history. It was the 8th largest crash,
• 3:24
  8th largest crash in the last 10 years a -13% drawdown and and if
• 3:30
  you look at all these other dates, when you look back at
• 3:32
  those buying opportunities, it was exactly that.
• 3:35
  Those are the times when you were extremely excited and proud
• 3:39
  of yourself for buying Bitcoin on those days.
• 3:43
  And so, look, it was a bloody day.
• 3:45
  I know everyone was hurting. We were all feeling the same,
• 3:48
  the same pain. We were all in the same boat.
• 3:50
  We were all poorer yesterday than we are currently.
• 3:52
  Speak for yourself bro, I was buying the motherfucking dead.
• 3:55
  Dude, I'm broke. I ain't got no money left.
• 3:57
  I I've, I have no cash left. So I'm just, you know,
• 4:00
  everyone's getting liquidated in longs and shorts and over
• 4:04
  leveraged and I'm just getting poorer in spot.
• 4:06
  It's great. You know, this is just the ride
• 4:08
  of being a bitcoiner. Anyways, anyways, enough of
• 4:10
  this. Wow, so it was like 1?
• 4:12
  Of the IT was, it was one of the worst drops in the last 10
• 4:14
  years. Like it was a historic drop.
• 4:17
  It was the largest drop in terms of the price movement, but in
• 4:22
  percentage terms, it was also one of the largest drops in the
• 4:25
  last 10 years. So if you bought yesterday,
• 4:28
  congratulations, you are earning your keep, you're earning your
• 4:31
  stripes as a bitcoiner. Now let's go back to the
• 4:34
  strategy news a little bit. And as you heard, he said, you
• 4:38
  know, we basically and, and Nico is saying now they're going to
• 4:41
  try to liquidate. But if you, if you listen to
• 4:46
  what the CEO of strategy said, he basically said, you know, the
• 4:52
  price has to be ridiculously low for an extended period of time.
• 4:56
  And a lot of you guys were were tagging me, messaging me on
• 4:59
  Twitter basically saying yo Opti like is this fun about strategy
• 5:04
  being liquidated at their average cost By true, I'm
• 5:08
  guessing some of you guys have micro strategy bags.
• 5:12
  And I was like, dude, from what I remember them saying the price
• 5:15
  has to go down to like 20 K for multiple years.
• 5:19
  Now there was some talk about they could probably do some, you
• 5:23
  know, rocket scientist financialization where it could
• 5:27
  get as low as 10K. Now the CEO just came out as
• 5:30
  like, dude, it have to be at 8K for like 5 years for us to have
• 5:34
  problems paying back the convertible notes.
• 5:36
  Now again, this is above my pay grade.
• 5:39
  I, I, I don't claim to understand everything that
• 5:42
  strategy is doing, but when you look at the strategy dashboard
• 5:46
  and you look at how financialized this company
• 5:49
  actually is, you start to realize that I think a lot of
• 5:53
  people on Twitter were engagement farming.
• 5:56
  There was obviously a lot of FUD going around and it is classic
• 5:59
  bear market capitulation. I'm not saying we're at the
• 6:02
  bottom, but I'm just saying when you see the amount of FUD that
• 6:05
  we saw yesterday where it's like, you know, one of the
• 6:09
  biggest exchanges is insolvent, there's the quantum risk FUD,
• 6:12
  their sailors going to get liquidated and forced to sell
• 6:15
  700,000 coins. Like when you see the FUD pile
• 6:19
  on and you start to like really question your Bitcoin thesis,
• 6:24
  your, your why you're even in this in the 1st place, whether
• 6:27
  you should dump your bags. That's usually when you know,
• 6:30
  oh, OK, like this is all in concert.
• 6:33
  This is, this is all designed for a reason is for me to panic
• 6:37
  and sell the coin out. And This is why I keep saying
• 6:40
  that yesterday, obviously, we we might have some time to really,
• 6:45
  you know, debate whether this is a bear trap.
• 6:48
  Currently this this bounce back is a bear trap, which I know
• 6:51
  Nico's on that side or what I've been saying.
• 6:54
  Maybe the dump that we saw was a shake out liquidation cascading
• 6:58
  event and it just went lower than we all thought it was.
• 7:00
  So there is two sides of the coin.
• 7:02
  And it really reminds me of this one meme and I can't find it.
• 7:05
  I've been trying to put it on the show and I you might have
• 7:07
  saw a Nico where it's like TA chart boys explained in a meme
• 7:12
  and it's like a, a lion attacking a zebra and one guy's
• 7:16
  cheering. And then it's another picture of
• 7:17
  the lion attacking a zebra and the other guy's like sad and
• 7:20
  freaking out. This is, this is TA.
• 7:22
  This is, This is why we always joke that it is tea leaf
• 7:26
  freezing reading because depending on your your lens,
• 7:29
  depending on whether you're bullish or bearish, you can see
• 7:32
  the same thing and make two different opinions of it.
• 7:35
  So anyways, the, I think the biggest thing here for Strategy
• 7:40
  that few people really underestimate, and they didn't
• 7:43
  really get it when they made this move, is the fact that they
• 7:47
  have this much dollars in reserve, $2.25 billion in cash
• 7:53
  reserves at Strategy. A lot of people were saying, oh,
• 7:57
  this is because they're afraid they're going to get liquidated.
• 7:59
  They got to figure out a way to pay back these convertible
• 8:02
  notes. That's one of the, that's one of
• 8:05
  the ways to look at this. The other way is, dude, they're
• 8:08
  just, they're so their reserves are so strong right now that I,
• 8:11
  I wasn't concerned at all. As you guys know, if you were
• 8:15
  tagging me about this, if you do have MicroStrategy bags or
• 8:18
  strategy now formally MicroStrategy, you are probably
• 8:22
  you asked me and I'm like there's no concern.
• 8:24
  Listen, I'm a spot Bitcoin type of guy.
• 8:27
  Yeah, we're just getting poorer in spots, but if.
• 8:30
  Bitcoin if if strategy hits $50 per share, I'm smashed buying
• 8:34
  strategy. Like, hey, to be honest, that is
• 8:37
  a good, that's probably a good buy, like.
• 8:39
  I'm smashed buying strategy like crazy.
• 8:42
  So. But look, in all seriousness, do
• 8:46
  I think strategy will get liquidated?
• 8:48
  No. Do I think Jack Mahler's and
• 8:51
  Tether's company at 21 is going to get liquidated?
• 8:54
  No. Do I think Donald Trump's what
• 8:58
  is it, AABC, Bitcoin or something like that?
• 9:02
  American Bitcoin mining like do. I think they're going to get
• 9:05
  liquidated, no. Now the smaller guys on the
• 9:08
  other hand, I think that's where you're going to start to see
• 9:12
  some pain and you're already starting to see liquidations.
• 9:17
  This is already this is already happening, right?
• 9:19
  Like a lot of these companies, I think Saquan's is one of them.
• 9:24
  I've already announced that they're selling a portion of
• 9:26
  their Bitcoin. So now do I see the market
• 9:30
  leader, the clear market leader, doing that?
• 9:33
  No, I don't think so. I don't think strategy is going
• 9:35
  to sell anything. I wouldn't be surprised if they
• 9:37
  come out in like a billion dollar buy like next week.
• 9:40
  But I mean, I told you guys back in in December and you guys are
• 9:44
  giving me a lot of crap for it. I said, hey guys, the CEO of
• 9:49
  MicroStrategy is literally going on TV and saying we're
• 9:52
  accumulating a cash position and we're heading into a crypto
• 9:56
  winter and a lot of you guys, no.
• 9:58
  No, no, he said. We'll never go into a crypto.
• 10:00
  No, no, no, no, no, no, he said. We oh, did he?
• 10:02
  Preparing for a crypto winter. This was back in December when
• 10:05
  you and Walker were on on the high horse.
• 10:08
  That was that was a good high horse.
• 10:09
  And he that's a strategy accumulated Bitcoin.
• 10:15
  And I also have to give a shout out for tether, Bro.
• 10:17
  I think one of the best trades ever, they started buying
• 10:20
  They're one of the top holders of gold that are not no, they're
• 10:24
  literally the top holders of gold.
• 10:26
  That's a a a a a non sovereign entity and gold ripped bro.
• 10:31
  They crushed they gold had an incredible year in 2025 S you
• 10:38
  know, imagine if strategy bought gold instead of Bitcoin.
• 10:41
  I don't. I don't.
• 10:42
  Think they could have, I don't. Think they could have because
• 10:45
  that like, you know, that kind of hurts sailors narrative and
• 10:48
  you know what he's been selling the markets for so long now.
• 10:52
  But listen, guys, I'm going to I'm going to continue to say
• 10:55
  what I said yesterday and then I'm going to pass it on to Opti.
• 10:58
  Historically speaking, this year and during this type of price
• 11:03
  action is literally the best time to buy Bitcoin in its
• 11:08
  history, right? So can we go lower?
• 11:12
  Possibly. Can we go higher from here?
• 11:15
  Possibly. But $70,000 Bitcoin, $60,000
• 11:20
  Bitcoin, $50,000 Bitcoin, $40,000 Bitcoin.
• 11:25
  These are like such not financial advice, but such like
• 11:32
  it it, it's such a no, it's such a no brainer.
• 11:34
  It's such a no brainer because even if we just get to all time
• 11:38
  highs it's already like almost a 2X.
• 11:40
  Right. Yeah, yeah, yeah.
• 11:42
  A little under. A little under almost.
• 11:43
  Yeah, almost. So like this is the time to
• 11:46
  double down. So when you experience this type
• 11:49
  of pain, if you guys have been in the market for a long time
• 11:52
  now, you know the deal. You smash by all the way down,
• 11:54
  you catch the knives. But if you guys are new to
• 11:57
  Bitcoin, the legends are forged when you double down, when the
• 12:02
  price goes down, that's when the legends are forged.
• 12:05
  The legends are forged in the fire, in the pain, in the
• 12:10
  volatility. That is when the legends
• 12:14
  unforged, that is when you earn your Bitcoin stripes.
• 12:18
  That is when you graduate and you officially pay the price of
• 12:21
  tuition. It is when you're looking at
• 12:23
  your portfolio and you're 50 to 60% down and every we haven't
• 12:29
  got to this moment, by the way, and everyone around you is
• 12:31
  calling you an effing moron and an idiot and you start getting
• 12:34
  those messages. Are you OK?
• 12:36
  Are you fine at this point? Like if I get those messages
• 12:40
  from any of my family members, my default response response is
• 12:44
  it's going to 0, right? Because I don't even feel like
• 12:47
  arguing with that right. But this is in all seriousness,
• 12:51
  this is when legends are forged. This is when legends are made.
• 12:55
  This is when you pay your price of tuition.
• 12:57
  And we, my expectations, I, I still think we still have at
• 13:02
  least six months of bear market action.
• 13:06
  If it, if it tends to drop faster and sooner, it would be
• 13:09
  shorter than that before we start to bottom out, then we
• 13:12
  start to pick up back up again. But this is the time to buy.
• 13:16
  This is the time to buy. This is the time to buy.
• 13:18
  And, and kind of doing like a, a diagnosis and analysis of like
• 13:23
  the previous year. Like let's talk about that for a
• 13:25
  second, right? Like we've already identified
• 13:29
  where the cycle played out. Now it was a very different type
• 13:31
  of cycle than what we're used to.
• 13:34
  The euphoric top and the gold Bitcoin all time high top was
• 13:39
  the end of 2024, beginning of 2025 when Trump was inaugurated.
• 13:44
  Now of course that was the effing euphoric top.
• 13:48
  Like there were meme coins that like we're just coming out of
• 13:50
  nowhere and like going up 1020 X we we got the first pro Bitcoin
• 13:56
  president. We had a party at A at Michael
• 13:59
  Saylor's house. You know, it is one of the most
• 14:02
  epic parties ever. Like, of course, that was
• 14:04
  euphoria phase. The thing is, the reason we
• 14:07
  didn't see it is because the price action really didn't go
• 14:09
  along with it. But in gold terms, it did.
• 14:11
  That's when we made the all time high.
• 14:13
  Now the price all time high came in October of 2025, but it
• 14:18
  wasn't this euphoric top that us Bitcoiners are used to, which is
• 14:23
  why nobody saw it right? I, I did call it though when it
• 14:27
  happened, but no one really kind of foresaw it.
• 14:32
  Like I, I didn't think it was going to happen that way.
• 14:35
  When it happened, it was like, OK, I, I think we're in a bear
• 14:38
  market, but it was a different cycle.
• 14:44
  It was a different cycle, but the feelings were there, the
• 14:47
  euphoria and the top, they all happened.
• 14:50
  They just kind of happened on their own different, you know,
• 14:52
  on their own different schedules and stuff like that.
• 14:55
  And the last thing I'll say before I pass it on to Opti is I
• 15:00
  think that Bitcoin making an all time high before the halving and
• 15:04
  the introduction of the ETF really kind of moved a lot of
• 15:09
  the price action earlier on in Bitcoin.
• 15:12
  Because if you look before 20/25/2023 and 20/24 were
• 15:17
  fantastic years for Bitcoin in terms of its price action
• 15:20
  performance, right? So 2025 it was this kind of like
• 15:25
  it was this lacklustre year where Bitcoin, you know, it, it,
• 15:28
  it, it went up and down, but it, it kind of just chopped
• 15:30
  solidated, right. And now all of this paper
• 15:34
  Bitcoin summer, you know, type of mentality and the flushes
• 15:38
  like this is what's getting, you know, flushed out and nature is
• 15:43
  healing. Now.
• 15:44
  The only question is when is the bottom going to be in?
• 15:47
  We can only look at the past and make an assessment based on
• 15:53
  Bitcoin's historical, you know, historical.
• 15:59
  Not performances, but historical.
• 16:03
  You know what's the word I'm looking for dude.
• 16:07
  I have no clue. I don't know where you're going
• 16:08
  with this sentence. Historical actions like
• 16:11
  historical performance or historical, I don't know.
• 16:15
  I don't know what I can't. I can't.
• 16:18
  That's besides the point that we can only look at Bitcoin's
• 16:21
  history, right, to make an assessment of what it could
• 16:24
  potentially do in the future. Now, in the past, right, the
• 16:29
  halvings have played out almost perfectly.
• 16:33
  This time is absolutely no different, right?
• 16:37
  We peaked in October if you look at the halvings performance and
• 16:41
  when Bitcoin peaks, we peaked exactly when we were supposed to
• 16:45
  speak. So the four year cycle theory is
• 16:48
  still intact. And if it's still intact, then
• 16:52
  you better look at, you know, the past and you say, OK, what
• 16:54
  can I learn from the past? So if the four year, if we're
• 16:57
  going on the theory that the four year cycle is still intact,
• 17:00
  when is the bottom? When could the bottom be?
• 17:04
  It's towards the it's towards October of this year, that's
• 17:08
  when it's going to be. So for the next nine months, I
• 17:11
  think we're going to, you know, shop, solidate, go up and down.
• 17:14
  We're going to have ebbs and flows.
• 17:17
  If it really, really bottoms super quickly, I think the the
• 17:20
  bear market's going to last significantly shorter.
• 17:23
  You never know. But that's what my expectation
• 17:26
  is for the rest of the year, in my opinion.
• 17:28
  Opti. Man, your guess is as good as
• 17:31
  mine at this point. So we'll we'll default to that
• 17:34
  because I do want to get to there was another good clip
• 17:37
  going around. And since we're talking about
• 17:39
  the strategy shareholders earnings call, you know,
• 17:43
  everyone, as I said earlier, was giving us a lot of Flack
• 17:47
  yesterday saying like, look at these idiots with their Bitcoin
• 17:50
  price predictions. And even someone was even saying
• 17:53
  we were telling people to buy strategy when we were literally
• 17:56
  lamenting on the show that we should have probably bought some
• 17:59
  of these Bitcoin treasuries halfway through the year.
• 18:01
  But Sailor did give a basically what US Bitcoin is what we say
• 18:06
  here at simply Bitcoin, a little more technical of what is the
• 18:09
  best strategy. How should you be playing this
• 18:12
  Bitcoin game? So I do want to play it because
• 18:14
  I think it's fitting and obviously we got more to talk
• 18:17
  about. But if you are looking at this
• 18:19
  or whether you know what Nico just asked me, like how long is
• 18:22
  this bear market going to be? I have no idea because I
• 18:25
  basically do what Sailor is about to say right now.
• 18:27
  So if you need a little advice from the Giga Chad Bitcoin
• 18:31
  billionaire himself about what you should be doing currently,
• 18:35
  this is his take on the best strategy to get into Bitcoin or
• 18:39
  rather to accumulate Bitcoin. Here it goes.
• 18:42
  As you continue to have those conversations with people that
• 18:45
  are new to Bitcoin, you know, what do you tell them?
• 18:47
  And it's in a, in a day like today, I, I think we've got an
• 18:52
  unprecedented number of invitations to financial
• 18:55
  conferences and, and meetings with, with investors in general.
• 18:59
  And I think that the amount of interest in this topic explodes
• 19:04
  and when the volatility explodes.
• 19:06
  You know, the engagement explodes.
• 19:08
  What what I would tell them is, is the same we've kind of said
• 19:13
  for a while Bitcoins capital investment, your time horizon
• 19:17
  needs to be minimal 4 years. I would actually say look at the
• 19:21
  moving four year, the simple moving 200 week average, the 200
• 19:27
  week simple moving average or the four year average and I
• 19:31
  would invest like with A4. Year DCA, you know, dollar cost
• 19:37
  averaging type approach if you're going to invest in
• 19:40
  Bitcoin. And you really want to have the
• 19:43
  intent to hold the product, hold the asset for a decade?
• 19:47
  So when I say that bear markets humble the F out of you, it it,
• 19:53
  it, it goes across the board. You everyone has to pay their
• 19:57
  dues. I mean, I heard sailors saying
• 20:00
  you should mortgage your house to buy more Bitcoin.
• 20:02
  You should sell your kidneys. You shouldn't have.
• 20:05
  Chairs. I remember him saying that and
• 20:07
  and now he's basically backtracking a little bit and
• 20:11
  saying, listen, a strategy could sell their Bitcoin.
• 20:14
  And also you should be looking at this on a four year time
• 20:20
  horizon, right? So again, there's a reason
• 20:23
  Odell's very famous quote, which I added to that shout out
• 20:27
  Vikingo is so important. It's like a rule to live by in
• 20:33
  Bitcoin, right? Listen, stay humble stock sats,
• 20:39
  stay solvent. That's it.
• 20:42
  What does that mean? Stay humble, don't play stupid
• 20:45
  games, don't use leverage, don't start shit coining.
• 20:48
  Don't think you're going to outperform Bitcoin. 99% of
• 20:52
  people do not do that. Stack sats. self-explanatory.
• 20:57
  Make sure you have more Bitcoin than the day before.
• 21:00
  Stay solvent. Pretty self-explanatory as well.
• 21:04
  Make sure you have cash flow to pay your bills so that you don't
• 21:09
  have to sell your Bitcoin. If you remember those 3 rules,
• 21:13
  you'll outperform everybody else.
• 21:15
  The only thing that I'll tell you guys I'll give you a heads
• 21:18
  up is that it takes time. This is not something where
• 21:23
  you're going to get rich overnight like the early days of
• 21:26
  bitcoins monetization were it like 100 X in a matter of
• 21:31
  months. Unfortunately, those days are
• 21:34
  over. That really happened in the
• 21:36
  early days of bitcoins monetization and that was
• 21:40
  because Bitcoin has such a low market cap.
• 21:43
  Now Bitcoin has a much bigger market cap.
• 21:45
  It doesn't mean it can't change your life.
• 21:49
  I still think I fundamentally believe in my heart that Bitcoin
• 21:53
  at least is going to reach the market cap of gold.
• 21:56
  That would give Bitcoin a price of $1.7 million per coin.
• 22:00
  I don't think it's going to take more than a decade or so.
• 22:03
  And that's more than a 17. That's more than a it's more
• 22:06
  than a 20X, right? So that will change your life
• 22:09
  radically, right. And again, because this is going
• 22:12
  to happen over a period of time, it allows you to, again, dollar
• 22:15
  cost average, put a little bit of your savings into Bitcoin and
• 22:19
  it will change your life. I've seen it do it to so many
• 22:22
  people that have been disciplined, that have stayed
• 22:25
  humble, that have stacked stats and stayed solvent, right?
• 22:29
  Obviously sailors playing a much different game.
• 22:32
  Sailor, sailor, of course, he's coming in there.
• 22:35
  He's looking at the fixed income markets and he's like, OK, I
• 22:39
  could tap into these markets because the thesis is that
• 22:43
  Bitcoin is going to outperform everything.
• 22:46
  And basically I'll take on the risk and I'll, and I'll provide,
• 22:50
  you know, a, a, a fixed rate of return for anyone who buys my
• 22:54
  fixed income products, right? Because his thesis is that he
• 22:58
  believes Bitcoin's going to give a 30 to 20% CAGR, right?
• 23:02
  And then the fixed income products that he's that he's
• 23:05
  showing to the market, he's offering between 11 and a 10%,
• 23:09
  you know, return, right? So that's his thesis.
• 23:12
  At the end of the day, I think Sailor has been more right than
• 23:16
  he is wrong. This is ACEO that's been, you
• 23:18
  know, the CEO of a publicly traded company for more than 20
• 23:21
  years. He survivedthe.com crash, right?
• 23:24
  He has this beautiful, amazing comeback story where his company
• 23:29
  went sideways for 20 years and then he adopted, did the Bitcoin
• 23:32
  strategy and then MicroStrategy went from what was it like 10 or
• 23:36
  $15 a share to over $500 a share.
• 23:40
  Like, oh, that $50 strategy purse is going to be nice.
• 23:44
  And so, you know, this guy's a legend.
• 23:46
  Like there's no way else to cut it.
• 23:47
  And it's just not me just fan bowing over Sailor.
• 23:50
  Like what he's done for what, what he's done for his investors
• 23:55
  has been absolutely incredible. And then that led to a cascading
• 23:59
  effect where you saw all these other companies try to copy the
• 24:03
  MicroStrategy strategy, right? So anyways, I, I, I, I, I still
• 24:08
  think that treasury companies have a role to play.
• 24:11
  I think that they're kind of like this leverage bet on
• 24:13
  Bitcoin. And I think they'll perform
• 24:16
  really, really well during bull markets.
• 24:18
  However, during bear markets, you're going to get crushed two
• 24:23
  or three times as much. This, it's a leverage bet on
• 24:25
  Bitcoin in my opinion anyways. So I'm still a fan of Sailor,
• 24:29
  really. God, what he's done for the
• 24:31
  industry. He's contributed so much.
• 24:33
  Big fan, but that earnings call dude.
• 24:36
  Yesterday, dude, I'm telling you, Wall Street crashed the
• 24:40
  price the day of the earnings call on purpose.
• 24:43
  It is suspicious. They did it on purpose bro, you
• 24:46
  know? So anyhow, guys, we're gonna be
• 24:48
  right. Wait wait wait.
• 24:48
  Before we go though, we were saying this exact same thing
• 24:51
  yesterday about the 200 week moving average.
• 24:54
  Currently around like 58 K. It's a it's a date with destiny.
• 24:58
  We're going. We're.
• 24:59
  Oh wait, wait. Almost.
• 25:00
  My, my, my base case is we're we're gonna touch the fit the
• 25:05
  200. What is it 200?
• 25:06
  Days 200 week dude, the 200. Week, the 200 week moving
• 25:09
  average, we're going to kiss it. So it's 58, it's $58,000.
• 25:13
  We've done that in every single previous bear market.
• 25:16
  It Wicks below it, by the way, So heads up, yeah.
• 25:19
  It can. It, it doesn't just stay at 58
• 25:21
  and then it bounces back. No, it goes below.
• 25:23
  But those are the times, ladies and gentlemen, where you have
• 25:27
  the best opportunity of your life to buy Bitcoin, right,
• 25:33
  historically speaking. So again, we're going to see how
• 25:36
  this plays out over the next six months.
• 25:38
  Get some cash ready, focus on your Fiat, Fiat mining job, you
• 25:42
  know, get that Fiat and then just put it into Bitcoin.
• 25:45
  And in two to three years, you're going to be really,
• 25:48
  really happy you did. And then the cycle repeats.
• 25:50
  Robin is on the table boys for a long time.
• 25:53
  We're going to be right back. We're going to hit the numbers
• 25:55
  segment. We got a very interesting clip
• 25:57
  from Scott Besson. We're going to be right back.
• 26:00
  And then later we have a special guest joining us on today's
• 26:02
  show. We have Hafa Zaguri, CEO of
• 26:05
  Electron Energy. We're going to be right back in
• 26:07
  just a bit. Today's episode is brought to
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  All right everybody I want to give a shout out to everybody
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  watching in the chat. We have more than a like a 2000
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  people watching live between X YouTube and Rumble.
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  If you guys are enjoying today's show, make sure to smash that
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  anything on the Stamp se-ed.com store at the time of recording
• 29:02
  the Bitcoin price. Is we're under 70s Nice. 69,930
• 29:07
  sats per dollar 1430 sats per dollar Block height 935,285
• 29:14
  Realized monetary inflation .83% Market cap 1.4 trillion Bitcoin
• 29:21
  versus gold market cap 4.68% percentage issued 95.16%.
• 29:29
  In the grand scheme of things, we are just getting the party
• 29:32
  started again. When Bitcoin reaches the market
• 29:34
  cap of gold, that is $1.7 million per per Bitcoin.
• 29:40
  I don't think it's a question of if.
• 29:42
  I think it's a question of when. Anyways, I have a clip of Scott
• 29:46
  Besant talking about the the clip Clarity Acts, the the
• 29:51
  Bitcoin regulation legislation. I'm going to play you guys the
• 29:55
  clip. Let's check it out and then
• 29:57
  we'll talk about it. On what you know now, what is
• 30:01
  your opinion about the importance of having clear rules
• 30:06
  of the road market structure legislation in the United
• 30:09
  States? Look, I I, I think.
• 30:13
  That it's impossible to proceed without it.
• 30:15
  We have to get this clarity, act across the finish line and any
• 30:19
  market participants who don't, market participants who don't
• 30:23
  want it, should move to El Salvador.
• 30:26
  So as a industry, what is the benefit to having this industry
• 30:34
  embedded in the US economy? Well, again, as as I said that
• 30:40
  that there seem to be people who want to live in the the US but
• 30:45
  not have rules for this important industry.
• 30:48
  And we've got to bring safe, safe, sound and smart practices
• 30:52
  and the oversight of the US government, but also allow for
• 30:59
  the freedom that it, that is crypto.
• 31:01
  And I, I think it's a balance that is being worked out.
• 31:04
  It was worked out in the Genius Act.
• 31:06
  And I'm confident with leadership of people on both
• 31:09
  sides of the aisle that we can get clarity across the line this
• 31:13
  year. Can you?
• 31:15
  So that's the importance of it. Ladies and gentlemen, I gave you
• 31:18
  a whole monologue as to why I wasn't bullish on the Clarity
• 31:22
  Act yesterday. Again, you know, it's basically
• 31:26
  it was taken hostage by the big banks.
• 31:28
  It was taken hostage by certain political factions that just
• 31:32
  don't want Bitcoin to succeed in the United States, the Bitcoin
• 31:36
  industry to succeed in the United States.
• 31:38
  I mean, look at all everything that happened during Operation
• 31:41
  Show .2 Point O excuse me, but the signal that he dropped there
• 31:46
  was that was so bass, bass besant.
• 31:50
  He was basically like, look, if this doesn't get past, move to
• 31:53
  El Salvador. And it's quite interesting that
• 31:56
  he said that because I had the honor to MC one of the main
• 31:59
  stages at the Plan B Forum in El Salvador, like it was last
• 32:05
  weekend, and I actually introduced the head of the
• 32:10
  regulatory body for digital assets in El Salvador.
• 32:15
  And when I tell you El Salvador is Bitcoin country, when I tell
• 32:20
  you that El Salvador, the dude was wearing a Bitcoin tie, OK,
• 32:25
  the dude was wearing a Bitcoin tie.
• 32:27
  And he goes up there, he's like, I'm a Bitcoin, right?
• 32:30
  So the guy who's in charge of digital asset regulations in El
• 32:34
  Salvador, I know what the equivalent of that would be in
• 32:36
  the US. It's like the head of the SEC
• 32:38
  maybe. But anyways, the, the guy who's
• 32:41
  in in charge of the, of the, of the regulatory body for digital
• 32:46
  assets in El Salvador was basically the guy was so based.
• 32:49
  He was like, I'm a bitcoiner. He's wearing a Bitcoin tie.
• 32:52
  He's like, look, 84 of 84% of companies that apply to get
• 32:57
  regulated in El Salvador, we reject them, right?
• 33:00
  So it's, it's purely Bitcoin companies that essentially get
• 33:04
  accepted and companies that, you know, run ethically and do
• 33:07
  things right in the United States.
• 33:09
  It's a little bit of the Wild West.
• 33:12
  And there's two opposing forces that are happening here.
• 33:15
  Opposing force #1 is the reason they don't want that pass is
• 33:20
  because it legitimizes it in the United States economy.
• 33:24
  And there are political factions that don't want Bitcoin within
• 33:28
  the US economy. They don't want it legitimized
• 33:32
  because I think they want to make it illegal bluntly, like I
• 33:35
  don't I, I think they want central bank digital currencies.
• 33:37
  I don't think they want Bitcoin to play any type of role.
• 33:41
  I mean, Scott Besson said it himself during that, during that
• 33:44
  bit, he's like, look, like we obviously need regulatory
• 33:48
  clarity, but people need to get accustomed to the fact that yes,
• 33:52
  with Bitcoin and crypto would argue only Bitcoin, you're going
• 33:56
  to have more freedoms than before.
• 33:59
  Like people are going to have more freedoms.
• 34:01
  It is inherently built into the Bitcoin protocol, right?
• 34:06
  So again, this is going to happen.
• 34:08
  I, I, I just think the United States is a much bigger country.
• 34:12
  It's, it's politically polarized, unfortunately.
• 34:15
  And I, I, I really believe that it has to do with wealth
• 34:18
  inequality and all the money printing that's happened.
• 34:20
  So it, it, it's, it's, it's much more difficult to pass this
• 34:24
  piece of legislation. It does make me optimistic that,
• 34:27
  you know, the Treasury Secretary is saying, listen, we have to
• 34:30
  pass. This does make me optimistic
• 34:32
  that the Trump administration is trying to do all their best to
• 34:36
  try to pass this. It does make me optimistic that
• 34:38
  the Bitcoin senator, the legend Senator Cynthia Lummis is, you
• 34:42
  know, out there fighting the good fight, doing her best.
• 34:46
  But again, this, this bill has been slowed down so many times
• 34:51
  and that part doesn't make me optimistic.
• 34:53
  Anyways, before I introduce, before our guest joins us in
• 34:57
  about 12 minutes or so, we did announce a giveaway on Monday
• 35:04
  and I do want to kind of announce that it's with one of
• 35:08
  our partners, Bit Key, one of the best Bitcoin hardware
• 35:13
  wallets on the market right now. Why can't I find the screen?
• 35:16
  Give me a second. There it is.
• 35:19
  And we did announce on Monday that we are going to be giving
• 35:23
  away a Bit Key. So if you still want to be a
• 35:27
  part of this giveaway, go very quickly right now to the Pins
• 35:33
  tweet at the simply Bitcoin handle, because we are going to
• 35:37
  be giving a giveaway. And the the way that this
• 35:39
  giveaway works is you follow the bit key handle, you follow
• 35:44
  simply Bitcoin you like, you repost, and then you reply with
• 35:50
  your biggest Bitcoin prediction for 2026.
• 35:54
  So I'm going to drop the link to the post in the chat right now
• 35:59
  and if you want an opportunity to earn or yeah, just get.
• 36:05
  Drop and rumble. Drop and rumble.
• 36:06
  Draw, Yeah, thank you. And we should probably drop on
• 36:09
  no on X. You guys will find it.
• 36:12
  If you guys want an opportunity to win a free bit key, which I
• 36:16
  have in my hand right now. You guys want to comment, right?
• 36:21
  So again, comment and we're going to announce the winner
• 36:24
  right now. And then again during the next
• 36:26
  segment, we have Hafa Zaghuri, CEO of Electron Energy and we're
• 36:30
  going to be asking him a lot of questions about mining, about
• 36:34
  the Bitcoin price action and we're very excited for that.
• 36:37
  So before that, let's announce the winner, Opti, shall we?
• 36:41
  You're doing it live or doing it live I'm.
• 36:43
  Doing it live and I'm literally. Yeah, you gotta give them some
• 36:45
  time though. They don't have 32nd delay, you
• 36:47
  gotta give them some. Time I'm going to refresh the
• 36:49
  page. I already told them it's been 30
• 36:50
  seconds bro. Come on.
• 36:52
  Well, you gotta, they gotta post something, they gotta tweet
• 36:54
  something, you know, you know, they're they're they're slow
• 36:57
  like me, bro, so. Anyways, if you guys want a free
• 37:00
  bit key again, I'm holding it in my hand right now.
• 37:04
  Go and repost. Like, give this a follow.
• 37:08
  We're gonna be announcing the winner in five seconds. 54321
• 37:16
  All right, you guys have already run out of time.
• 37:18
  I'm going to refresh this page right now and I'm literally just
• 37:21
  going to scroll it and wherever it lands, wherever my cursor
• 37:25
  lands is the winner. So here.
• 37:27
  We're not even doing algos. We're not even doing the algos
• 37:30
  all. Right.
• 37:31
  Oh, OK, this person I can't Harsh, harsh man.
• 37:39
  Give us a message. We just followed you from the
• 37:42
  Simply Bitcoin account. So congratulations, you won
• 37:45
  yourself a bit key send us Adm. You should you should message
• 37:49
  him on the Twitter post. Yeah, so send us Adm message
• 37:52
  him. Right now.
• 37:53
  And then you're like, you're the winner.
• 37:54
  You're the. Winner The second winner is
• 37:56
  Matthew J Matthew. So if we don't hear from harsh,
• 38:01
  Matthew J is the second winner. Send us Adm on Twitter.
• 38:04
  Matthew, I'm going to give you a follow to so you can check your
• 38:07
  DMS. You could DM us and then. Well, maybe he's not watching
• 38:11
  the show. Maybe you gotta you gotta DM
• 38:13
  him. So again guys, go to bit key dot
• 38:17
  world today. Use promo code simply.
• 38:18
  Anyways, guys, we're going to be right back after the break.
• 38:21
  More than 2000 people watching across all platforms smash the
• 38:25
  like button consider subscribing.
• 38:27
  We're going to talk to the one the only the legendary Hoffa
• 38:30
  Zaguri, CEO of Electron Energy right after the break.
• 38:34
  We'll be right back in just a little bit.
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  digitaltech.com. All right, everybody, we got
• 41:55
  Hafa Zaguri, CEO and founder of Electron Energy, joining us on
• 42:00
  today's show. Hofa how you doing man?
• 42:02
  What's up Nico? How you doing man?
• 42:04
  How's everything? Great to be here.
• 42:05
  Thanks. Long time.
• 42:07
  It's been a long time, man. Thanks for joining.
• 42:09
  Thanks for joining us, Hoffa. I'm super excited to have you on
• 42:13
  today's show. For anyone who doesn't know,
• 42:15
  ladies and gentlemen, Hoffa is the CEO of one of the largest
• 42:20
  Bitcoin private miners on planet Earth.
• 42:22
  They've been building and stealth for the last couple of
• 42:25
  years. And what I got to say about
• 42:28
  Hoffa individually is, again, this is one of the smartest
• 42:31
  individuals you'll ever meet. And I, I've, I and he is an,
• 42:36
  he's a person that is focused on results.
• 42:39
  He's, he's a person that's focused on proof of work and his
• 42:43
  company absolutely represents that.
• 42:45
  So Hoffa, thank you so much for joining us.
• 42:48
  For anyone who doesn't know, can you give a little bit of a TLDR
• 42:52
  about what Electron Energy is? Sure.
• 42:56
  Great thing here. Again, it was being, you know, I
• 42:59
  know we recorded one episode, but being here on your live
• 43:02
  show, it's been a long, long time.
• 43:04
  So great to be here. Even before I talk about the
• 43:08
  lecture, I think it's important to to talk about something that,
• 43:10
  you know, we discuss a lot internally.
• 43:12
  And at the end of the day is why, why mine, right?
• 43:15
  And why do Bitcoin mining, you know, a lot of us could be doing
• 43:18
  other things. So why do we do this?
• 43:21
  And for me, you know, if I try to synthesize, you're kind of
• 43:25
  like, I think we, we live in a crossroad right now where we
• 43:29
  have at the same time, you know, a monetary transition.
• 43:33
  This one we know really well for Bitcoin.
• 43:35
  Well, we're all Bitcoiners. This is why I plan here today
• 43:39
  where we're looking, you know, for the best decentralized value
• 43:42
  that ever existed. Go through that.
• 43:45
  But then the second one is energetic, right?
• 43:47
  I think we are seeing an energy transition towards renewables,
• 43:52
  distributed grid, smart demand. And I think a lot of people see
• 43:56
  one, see the other, but very few see how they are connected, very
• 44:01
  deeply connected. And that connection at the end
• 44:04
  of the day is why Electron exists, right?
• 44:06
  So let me start with the monetary part and then I'll go
• 44:12
  for the energetic part. So the monetary part, I always
• 44:16
  say that I told the story about living in Brazil, living through
• 44:20
  hyperinflation. And the very good way to
• 44:24
  synthesize the issues that I saw at that time is that, you know,
• 44:28
  money at the end of the day is a memory of work and having good
• 44:31
  money, it is essential for human progress, right?
• 44:34
  So if, if we for a very long, long time, we didn't have good
• 44:39
  money. And then there's the favorite,
• 44:40
  you know, the the the very well known Hayek quote about, you
• 44:44
  know, I don't believe that we shall ever have good money again
• 44:47
  until we find it in a sly around a sly roundabout way, right, to
• 44:50
  introduce something that the governments can't stop.
• 44:53
  And this is where Bitcoin fits at the other side of, I think
• 44:59
  the monetary, you know, balance of theirs or imbalance of this.
• 45:04
  We have the current system, which at the end of the day is
• 45:07
  very unpredictable. We don't know exactly what's
• 45:10
  going to happen. You know, it's all done by
• 45:12
  decree. A very good example.
• 45:15
  If there's if somebody wants to have, you know, some, some good
• 45:18
  laugh, I would go into YouTube and just search for South Park
• 45:22
  chicken economics. I guarantee you're going to
• 45:26
  laugh. But that's pretty much how I
• 45:28
  see, you know, having lived very, very close to, to, to that
• 45:32
  decision making process. And I'll be in Wall Street for a
• 45:35
  long time. It's, you know, in a lot of
• 45:36
  senses, it's not wrong. It's exactly how it works.
• 45:39
  There are committees right there, emergency meetings, data
• 45:42
  dependency on a on a lot of things, right?
• 45:45
  A lot of politics influencing decisions.
• 45:47
  We're seeing that right now through the feds, right?
• 45:51
  And what that creates, and I think it's creates an, an
• 45:53
  environment where just forecasting and thinking about
• 45:57
  the future becomes impossible for not only the economic agents
• 46:03
  in, in general, like companies and everybody else, but for
• 46:05
  individuals, right? I think Friedman was the one
• 46:10
  that actually said is that at the end of the day, having
• 46:14
  predictable rules is the one of the most important economic
• 46:17
  achievements that the, the, the human humans could, could
• 46:21
  achieve, right? So that monetary transition, I
• 46:25
  think it's extremely important. As I said, I think I don't need
• 46:29
  to go into detail as Bitcoiners, I think a lot of us are there
• 46:32
  already. The second one is on energy and
• 46:35
  the energy transition that we are going going to have to go
• 46:39
  through, we have no, no alternative, no option, right?
• 46:43
  And there's still this myth that consuming energy, it's it's a
• 46:46
  bad thing, which it's not. Energy is the foundation of
• 46:50
  civilization, right? Every bridge, every hospital,
• 46:54
  every factory, every byte of computation that we do with,
• 46:58
  with AI or whatever, right? It sits on top of it.
• 47:01
  It's on top of energy, right? And what we've seen is that when
• 47:04
  societies learn how to harvest and harness better energy more
• 47:09
  efficiently, right? The advance.
• 47:12
  And the opposite is also true. If you look at any society that
• 47:15
  have not really understood how to harness energy in the best
• 47:19
  way, they stagnate. I tell the story.
• 47:24
  You know, I lived in the Amazon for during a, a project that I
• 47:28
  did on my so. So when I was doing my MBA
• 47:31
  during my the summer job, everybody, you know, I have to
• 47:34
  go have to do a summer job. Most of my colleagues went to
• 47:37
  work for banks, consulting companies.
• 47:40
  I had the opportunity to go do a project in the Amazon to work
• 47:45
  for a sustainable forestry project there.
• 47:47
  So we were three months deep into, into the, the Amazon, you
• 47:50
  know, me and, and another colleague from, from Yao.
• 47:53
  And there was one thing that we saw there that, you know, the
• 47:57
  families that or there was, of course, very, you know, happy in
• 48:03
  the day-to-day. And there was a lot of abundance
• 48:05
  of like, you know, fruits and fish and all of that.
• 48:09
  But then you also saw the other side, which is, you know, they
• 48:12
  didn't have running water. People got sick.
• 48:15
  You know, you literally walk on these houses, they are built on
• 48:19
  top of the river, right? And it's everything is extremely
• 48:23
  dirty and they had no energy, right?
• 48:25
  So kids when they went to school, you know, they had the
• 48:28
  schools were just these open areas where they studied.
• 48:31
  And you can see very quickly how that not having energy is a
• 48:34
  massive impact on the, on the lack of development of, of
• 48:37
  populations, right. That leads me to my next
• 48:41
  question, right, which is and, and I'm glad that you brought
• 48:46
  that up. Why is this?
• 48:47
  Why is there like kind of like this consensus that, you know,
• 48:51
  using energy is a bad thing? Because you, you brought up
• 48:54
  multiple examples. You brought up the, the actual
• 48:57
  analytical data backed example, which is you can see a direct
• 49:01
  correlation between how much energy a country is able to
• 49:06
  harness and the wealth of that country.
• 49:09
  Like that data is public. Don't trust me?
• 49:11
  You can verify it yourself. And then you brought a personal
• 49:14
  example of how you know in your youth, you actually saw this.
• 49:19
  You, you, you went into the Amazon.
• 49:21
  You're crazy. By the way, anyone who doesn't
• 49:23
  know Hoffa has a resting heartbeat of 21.
• 49:26
  But anyhow, it is true. I can confirm.
• 49:30
  But so, but you, you went into the Amazon and you experienced
• 49:34
  this, you saw this yourself. Why do you think that there's
• 49:37
  this like, you know, negative kind of this, this, this, this
• 49:43
  very bad idea that using more energy is a bad thing?
• 49:47
  And can you also talk about how Bitcoin mining is actually
• 49:52
  optimizing grids And it's actually making energy
• 49:55
  manufacturing better, energy production better, more
• 49:58
  efficient, better said. Could you talk about a little
• 50:01
  bit about that? Offer Yeah, let let me unpack
• 50:03
  this. So the first one, I think just
• 50:06
  the term that people, you know, use of using energy, it's
• 50:09
  already wrong, right? We don't use energy.
• 50:11
  Energy is always transformed. It's not that it's used and it's
• 50:14
  just evaporates, right? That's not how energy works.
• 50:17
  Anybody that knows physics knows that, you know, energy is always
• 50:20
  transforming, transforming electrical into mechanical
• 50:22
  energy and and so on, right. So every time that you are
• 50:26
  touching energy, you're transforming into something
• 50:29
  else. In the case of so that's the the
• 50:31
  first one. The other one.
• 50:34
  So when you change that mindset, right, you, you understand, you
• 50:36
  may say that you're transforming to something that's useful or
• 50:39
  not useful, but it's always being transformed, right?
• 50:43
  The second one there is this perception and maybe derived
• 50:46
  from the first one is that energy is a fixed by that.
• 50:49
  If we are consuming and transforming energy in one
• 50:52
  piece, that it necessarily means that you are taking energy away,
• 50:56
  right? An extreme of that.
• 50:58
  And I actually heard this from a very smart person and I would
• 51:03
  say that, you know, intelligence is of course multi dimensional.
• 51:06
  So this person was very smart in some things.
• 51:08
  But in this, and it'll be the very stupid comment I said,
• 51:11
  well, you run a Bitcoin mining company, you're using all this
• 51:14
  energy and you know, there's a lot of energy being needed in
• 51:17
  Africa. You know, that's not the right
• 51:19
  thing to do. And this person can't understand
• 51:21
  that, you know, first of all, the what we do doesn't touch
• 51:25
  anything in Africa, right? And even further, that if Africa
• 51:28
  actually did this and they are doing some places, right, there
• 51:31
  are some very good projects that, you know, grid list has
• 51:34
  some projects, like some people have some very good projects.
• 51:37
  They are like actually prove the fact that this actually even
• 51:40
  helps that. But take that aside.
• 51:42
  The, the, the, the mindset that, you know, you're taking energy
• 51:45
  away from other places is just wrong, right?
• 51:48
  We as a civilization, if there's one thing that we have is excess
• 51:52
  of energy, right? I mean, civilizations advance as
• 51:56
  they learn how to harness more efficiently the energy.
• 52:00
  So that brings to the Third Point that you mentioned, which
• 52:03
  is what this does at the end of the day.
• 52:05
  And a lot of what Bitcoin mining does.
• 52:07
  And This is why I mentioned kind of like the two different points
• 52:11
  in this crossroad that we said is that energy is here to
• 52:16
  optimize. Bitcoin mining is here to
• 52:18
  optimize the way that we we use and we transform energy, right?
• 52:22
  So I'll give a very real example that that we've looked at.
• 52:27
  So, yeah. And I'll go back to Brazil.
• 52:30
  It's another example of what's happening here.
• 52:33
  So for a long time we've been looking through, you know,
• 52:35
  whether it made sense to mine in Brazil.
• 52:38
  And being from Brazil, you know, I know Brazil way too well.
• 52:41
  Actually one of mine here for other reasons, right?
• 52:44
  When you know your country, when you know region, you actually
• 52:48
  sometimes ignorance is a bliss, right?
• 52:50
  So again, just knowing too much, sometimes it's it's it's not
• 52:53
  helpful to you. But that being said, Brazil for
• 52:57
  a very long period of time have based that have put subsidies in
• 53:02
  in energy and developing renewable energy.
• 53:05
  The northeast of Brazil. So if you look at the map of
• 53:07
  Brazil, Brazil kind of like turns around at the the coast,
• 53:10
  that area where it turn turns around in the northeast, it's
• 53:14
  one of the sunniest and windiest places on Earth, right?
• 53:17
  It's very close to the equator. So you have, you know, of
• 53:20
  course, sun all year round, but it's also extremely windy.
• 53:25
  You know, it's known for a place like Bitcoin Beach, for example,
• 53:28
  when people talk about Bitcoin Beach in Brazil, that's in that
• 53:31
  area. It's one of the best places in
• 53:33
  the world to windsurf guide surf because again, it's I've been
• 53:36
  there. And sometimes you wake up in the
• 53:38
  middle of the night, it's you hear the wind blowing.
• 53:41
  You wake up in the morning, it's blowing, you're going in the
• 53:43
  afternoon, it's blowing, right. So for windsurf, you can do it
• 53:45
  24/7, which is not something you can do anywhere else or in very
• 53:50
  few other places. And what they, if you go around
• 53:54
  that there, you're going to see that they built all of these
• 53:56
  wind farms, massive wind farms, right?
• 53:59
  So a lot of energy there. Then when I started having
• 54:02
  conversations with people in Brazil, like looking for
• 54:05
  opportunities, right? A lot of them would tell me
• 54:08
  like, oh, you know, we have these wind farms and there's a
• 54:10
  massive problem. We were curtailing, We're
• 54:13
  curtailing. We're curtailing.
• 54:14
  And I heard that, you know, with my mindset of, you know, a lot
• 54:17
  of our operations are in Texas. And when we curtail in Texas,
• 54:20
  it's not good for the miner, right?
• 54:22
  It means that the energy prices are through the roof and we have
• 54:25
  to turn off the machines. And I kept telling them, well, I
• 54:27
  don't like curtailment. I don't like curtailment.
• 54:29
  And they, you know, again, I could see that they were like,
• 54:32
  they're very confused. And then after a while, I
• 54:35
  understood that when they meant Cortez here in Brazil, they mean
• 54:38
  that they have to shut down because the power is connected
• 54:40
  to the grid. There's so much power being
• 54:42
  generated that they have to shut down the, the, the wind farm.
• 54:45
  So they literally bought the turbines and that's purely
• 54:50
  wasted energy, right? If we go there, I'm telling you
• 54:53
  all this story because imagine like as a Bitcoin miner, I can
• 54:56
  go there, put a container on the side of that windmill, right,
• 55:00
  for example, and harvest whenever they want.
• 55:03
  They turned off the grid and there, but they keep the machine
• 55:06
  running, the engine running, the turbine running, and then we get
• 55:09
  that energy that otherwise wouldn't be used anywhere.
• 55:12
  In fact, I, I couldn't make the case that that was being wasted,
• 55:15
  right? It could have been transformed
• 55:18
  into into something else. Yeah, there, there you go.
• 55:20
  So if you look at that turn there in the right of Brazil,
• 55:24
  it's extremely windy, windy area and the tapping that energy,
• 55:30
  right. And it's something that, again,
• 55:33
  a lot of people don't think about.
• 55:35
  You can see that there is actually a change happening in
• 55:39
  the way that energy companies, governments are actually saying
• 55:44
  this. There is also, I think we also
• 55:47
  have a challenge, which is and on top of everything that I
• 55:50
  mentioned when you mentioned Bitcoin, particularly for
• 55:54
  industries that you know, have no idea what about what Bitcoin
• 55:56
  is, there's still, you know, a lot of pre prefabricated
• 56:01
  conceptions that you need to break, right?
• 56:04
  And then when you tell them, like, listen, we come in, we're
• 56:07
  going to do Bitcoin mining. They're like, oh, no, these guys
• 56:09
  are going to be doing money laundering on my backyard,
• 56:11
  right? So you explain to them like, no,
• 56:14
  you have to understand what you're doing.
• 56:15
  Is this like a data center? We're going to use it to make
• 56:18
  these calculations. We're going to find a block and
• 56:20
  a way to block explain everything.
• 56:23
  And by the way, if you are not comfortable with any, you can
• 56:26
  pay you Fiat every day if you want, right?
• 56:28
  You know, we're just converting into something that, you know,
• 56:31
  you may not see any use in it, but definitely, you know, there
• 56:34
  are a lot of people that see use anything in the world.
• 56:36
  And we mine, we keep the Bitcoin, right?
• 56:39
  We pay you the Fiat every day and you now have a stream of
• 56:43
  cash flow that you didn't do before.
• 56:45
  And what that does, Nico, is that now these companies
• 56:48
  discoverance, these individuals have more capital to expand
• 56:52
  their mining operations, to implant, to do more research and
• 56:56
  develop and how to optimize the, you know, the the harnessing of
• 57:00
  energy. And that's exactly how progress
• 57:02
  is made, right? Progress is made by very
• 57:05
  thoughtfully using more that and you know which will lead to be
• 57:11
  to more efficiency in many, many cases, and this is definitely
• 57:14
  one of them. Absolutely.
• 57:15
  And I love how you brought up the, the real world example.
• 57:19
  We, we, we pointed out geographically and the
• 57:22
  difference between the curtailment in Texas, which is
• 57:26
  based on the amount of people that like just electricity
• 57:30
  prices go through the roof, there's bigger need for more
• 57:33
  energy. In Brazil, it's the exact
• 57:35
  opposite. They're curtailing it because
• 57:37
  they just don't have a place to send it.
• 57:39
  And this is exactly where Bitcoin miners could come in and
• 57:42
  they can buy that otherwise wasted energy, right?
• 57:44
  So I I love that real world example.
• 57:47
  So Nico, on that point before just through, because I
• 57:50
  mentioned one side, which is when we are the buyer of last
• 57:53
  resort for elections, when nobody wants to buy those
• 57:55
  elections, we go in and we'll buy them, right or we'll
• 57:57
  transform them. But also the the other point is
• 58:00
  Texas, right, which there we are the seller of first resort.
• 58:04
  So if Texas wants to shut this down, we are Bitcoin mining is
• 58:07
  the most flexible load that you have today in the grid.
• 58:11
  No other industry can turn on and off, you know, as much as
• 58:14
  quickly as we can. Not even AIHPC, you know, can in
• 58:18
  parts of it, but not in the hole.
• 58:20
  And that's not going to change, right?
• 58:22
  This is why when I see a lot of people kind of like abandoning
• 58:25
  Bitcoin mining completely, I think they're missing a big part
• 58:29
  of it, which is, you know, this is always going to have a place,
• 58:31
  I think, in grid, grid civilization and grid
• 58:33
  enhancement. Absolutely, by the way, I I do
• 58:37
  want to take credit. It seems like I did start a meme
• 58:40
  on Rumble. Someone did mention Hoffa's
• 58:43
  resting heart rate of 21, so it is officially memified.
• 58:49
  It only took two podcasts. OK, it's not true.
• 58:53
  It's not true, but his resting heart rate is 31.
• 58:55
  But I'm going to make it 21 just for for the sake of not many.
• 58:59
  More used to be when. I was Hoffa.
• 59:05
  Hoffa's being humble. So Hoffa, I did want to bring
• 59:10
  up, are you having a little bit of pretty good on the OK, having
• 59:20
  a little bit of Internet issues? Connection.
• 59:24
  Should be we're coming back. All right.
• 59:30
  Well, it seems like we're good. So Hafa, I did want to ask you
• 59:37
  this question. How are Bitcoin miners surviving
• 59:41
  right now during this brutal, brutal downturn?
• 59:47
  You know, how is this? How's the current state of
• 59:49
  mining? I'll leave it.
• 59:50
  I'll leave it like that. Yeah, I feel a lot going to not
• 59:56
  survive, right? And a lot of them are not going
• 59:59
  to make it. And back when the current
• 1:00:05
  environment, of course, price is the first thing that comes from
• 1:00:07
  mind, right? You know the price drop is, of
• 1:00:10
  course, you know it's not extremely positive and it will
• 1:00:13
  impact hash price and you know, it definitely impacts miners.
• 1:00:17
  But above that, you know, and hash price, you know, just hit
• 1:00:20
  an all hit an all time low and it's definitely putting pressure
• 1:00:23
  on on all the miners. But I've always said that the
• 1:00:26
  most important in mining is capital, having the right
• 1:00:29
  capital structure, the right kind of Capital Partners, right?
• 1:00:32
  We've been extremely lucky to have tether with us from the
• 1:00:35
  beginning. I think, you know, we, we could
• 1:00:36
  ask for better capital and 18th largest holder of treasuries in
• 1:00:41
  the world, right? And all of that everybody knows,
• 1:00:43
  I think they're already in top 30 of gold holders in in the
• 1:00:46
  world. But maybe and actually even more
• 1:00:49
  important is the fact that you know, Tether really believes in
• 1:00:52
  Bitcoin and they are bitcoiners at heart.
• 1:00:56
  I've been working very close with them for a while and that
• 1:00:59
  that is absolutely true. So that's important because when
• 1:01:02
  you want, I actually have a conversation today with somebody
• 1:01:06
  that is raising capital, as I call, there's these two
• 1:01:08
  different companies that are coming to to give me capital.
• 1:01:12
  What do you think? And what I asked them is like,
• 1:01:14
  which one is better for you in terms of like being closer and
• 1:01:17
  more strategic in the long term, right.
• 1:01:20
  So there's a lot of capital flying around.
• 1:01:22
  What's rare to find is, you know, capital providers that
• 1:01:25
  really know and think like you and what in everything that you
• 1:01:28
  do. And that was missed, I think on
• 1:01:32
  the, on the mining industry, Maybe the, the extreme scenario
• 1:01:36
  of that is when you have, you know, public companies, because
• 1:01:39
  public companies, you know, they.
• 1:01:42
  Oh, seems like we had a drop. Let's let's riff a little bit
• 1:01:51
  while we get Hoffa back on. Someone in the in the chat
• 1:01:59
  mentioned the meme review. Opti, do you want to answer
• 1:02:02
  that? Well, you know, the vocal
• 1:02:06
  minority Really love the meme review, but the unwatched.
• 1:02:13
  Masses didn't like the meme. Review and it was nuclear
• 1:02:16
  numbers. I I guess you know, hey, maybe
• 1:02:19
  maybe I'll do a culture I'll do a culture about the memes here
• 1:02:23
  soon. But to be honest, I haven't
• 1:02:26
  really seen that many good memes.
• 1:02:27
  Guys. Like I was putting some bangers
• 1:02:29
  in yesterday but I haven't seen that many good memes.
• 1:02:32
  Boys. All right, ladies and gentlemen,
• 1:02:33
  Hoffa's back. Here we go.
• 1:02:35
  We got Hoffa back in the house. Sorry about that.
• 1:02:39
  All good. OK.
• 1:02:40
  So you were saying, you were saying something really
• 1:02:42
  interesting, some reef because I'm going to make this into a
• 1:02:45
  clip later. Hoffa, what what is happening to
• 1:02:48
  Bitcoin miners during this Bitcoin mining downturn like you
• 1:02:54
  were, you were basically saying earlier, you know the TLDR is
• 1:02:58
  the most efficient will survive. So could you talk a little bit
• 1:03:01
  about that? Yeah, I don't know where I draw,
• 1:03:03
  but that's that's exactly right. I'm going to think about more
• 1:03:05
  efficient. It's not only machine
• 1:03:08
  efficiency, which of course it's extremely important.
• 1:03:11
  If you pick like the latest generation ASICS, the one that
• 1:03:14
  were S 20 ones, you know, and then the S 20 Threes are coming
• 1:03:17
  out, they're extremely profitable machines, right?
• 1:03:19
  You're talking about breakevens. They're like $0.14, you know, in
• 1:03:23
  kilowatt hours. So there's a lot of room here
• 1:03:28
  for a lot of people to be a fit. It should still be profitable
• 1:03:30
  with these machines. The question and the problem is
• 1:03:33
  that when you go to older generation machines like maybe
• 1:03:37
  two gener 1-2 generations before, like you know, if you
• 1:03:40
  look at bit main the S 19 KS and then the S 19 JS, these machines
• 1:03:46
  are like break evens are pretty much where we are now in terms
• 1:03:49
  of of energy break even right. So in a pure machine unit
• 1:03:54
  economic phase is yeah, absolutely you having the most
• 1:03:58
  efficient machine. It's of course you know better
• 1:04:01
  and you are going to survive longer.
• 1:04:04
  This doesn't tell the full story for two reasons.
• 1:04:06
  One of them is of course capital.
• 1:04:08
  So you need capital to buy the most efficient ASICS, the latest
• 1:04:12
  ASICS, right and to upgrade them from time to time.
• 1:04:15
  So the miners that have the right capital structure, the
• 1:04:19
  ones that don't over leverage or not over diluting their
• 1:04:22
  shareholders, right, They don't have, you know, that's there are
• 1:04:26
  extremely expensive, you know, convertibles there are
• 1:04:29
  prohibited, whatever it is, right.
• 1:04:30
  The ones that have the right capital structure, I think the
• 1:04:33
  ones that can survive in the longer term.
• 1:04:36
  And then even more important is having a very lean cost
• 1:04:40
  structure. So we've at the Lacron, we are
• 1:04:44
  very small team by design and that you know compare our SG and
• 1:04:50
  A with the SG and A with most of the public companies out there
• 1:04:53
  because you know that data of course is public and we can
• 1:04:55
  compare. We are you know more than one
• 1:05:00
  order of magnitude in terms of percentage of of revenues in SG
• 1:05:04
  and A than they are right very efficient team, very team.
• 1:05:09
  A lot of it has to do with the way that we do things as well.
• 1:05:12
  But but it's by design we've that we've been very careful
• 1:05:16
  from the beginning to keep to keep it that way.
• 1:05:20
  Tethering also is our most important capital provider and a
• 1:05:24
  very good partner in all of this.
• 1:05:25
  So in in true that other way, you know, we try to keep a very
• 1:05:30
  lame, very efficient team in everything that we do.
• 1:05:33
  Love it, love it, Hoffa. We did get a question in the
• 1:05:35
  chat and this is something that we've spoken about.
• 1:05:40
  Next difficulty adjustment is for the books and someone else
• 1:05:45
  asked as well, why is the hash rate tanking?
• 1:05:48
  Is it a price issue? So 2 mining related questions in
• 1:05:52
  the chat, you know this is this, this difficulty adjustment is
• 1:05:57
  historic. You want to talk a little bit
• 1:05:59
  about that, Hoffa? Yeah, good, good one.
• 1:06:02
  Definitely one we look at all day long.
• 1:06:04
  So the current difficulty adjustment is around.
• 1:06:06
  It got a little bit better, but around 14% right now, which
• 1:06:10
  means in the two week period that we are within right now the
• 1:06:14
  difficulty is expected to drop 14%.
• 1:06:17
  That by itself is already a very large number.
• 1:06:21
  You know the the largest drop that we've seen was in 2021 when
• 1:06:25
  China met banned Bitcoin mining and we saw 21% drop in
• 1:06:30
  difficulty in a two week period. But if you look top to bottom
• 1:06:34
  right, if you look at the think about like Bitcoin, we have draw
• 1:06:37
  downs. Look at the draw down of of hash
• 1:06:39
  rate and look at where the the high, the all time high of hash
• 1:06:42
  rate was. And the bottom of this last
• 1:06:45
  epoch was. So the high was close to 1.3
• 1:06:49
  Zeta hashes, 1.275 Zeta hashes and we hit, we hit the 800 extra
• 1:06:54
  hashes. So this drop in difficulty in in
• 1:06:58
  hash rates top to bottom and hash rate is always estimated.
• 1:07:02
  So you know, none of these numbers are precise.
• 1:07:04
  But this is already the second largest in history, second or
• 1:07:09
  third largest in history. So it's a massive recovery.
• 1:07:11
  It's a massive drop down, right? Why?
• 1:07:14
  Why are we seeing that? Few reasons.
• 1:07:16
  I think the, the the first one is economic.
• 1:07:19
  I'll go to that. But then on top of that, you
• 1:07:22
  know, those living in the US are unfortunately having to live not
• 1:07:26
  unique or in Miami, but most people in the US are having to
• 1:07:29
  live through like very cold weather.
• 1:07:32
  And that that definitely has an impact.
• 1:07:35
  Last week we had, you know, for almost a period of one week, we
• 1:07:39
  had like massive curtailment happening and all curtailment is
• 1:07:42
  on the minors having to shut down, right?
• 1:07:45
  It's it's signals also that the US and particularly you know,
• 1:07:49
  taxes and couple of other regions, it's extremely relevant
• 1:07:53
  in Bitcoin mining and hash rate in total, because remember not
• 1:07:56
  all miners were curtailing, right.
• 1:07:59
  So this gives you some perspective on that.
• 1:08:02
  But the other part is economic as I said, everybody that it's
• 1:08:05
  running older fleet that it's not efficient, it's actually
• 1:08:10
  having to shut down machines because otherwise they are
• 1:08:13
  bleeding capital every day, right.
• 1:08:15
  On top of that, we have this macro movement, which is not the
• 1:08:21
  reason for this, but it it definitely is the reason.
• 1:08:23
  When we look at the longer term move, that's a lot of the the
• 1:08:27
  large scale miners they are moving from Bitcoin mining to
• 1:08:30
  AIHPCI got nothing wrong with that.
• 1:08:34
  I think you know, different models, different ways to to
• 1:08:36
  monetize what you have, not what we do.
• 1:08:39
  I mean, we are Bitcoin miners and that's what I think we do
• 1:08:42
  well, but that's definitely putting pressure I think as well
• 1:08:47
  or at least it's not leading to as much growth as we've seen in
• 1:08:50
  network hash rate as we saw in the past.
• 1:08:55
  If you look at you can just look at the historical and hash rate
• 1:08:58
  and it's a straight line up pretty much right there.
• 1:09:01
  Growth rates are from 50 to 60% nonstop, very low volatility,
• 1:09:07
  which means that you know, unfortunately it's very
• 1:09:10
  predictable that would continue to go down.
• 1:09:12
  But recent the recent move, it's outside of standard deviations
• 1:09:16
  of everything that we we've seen.
• 1:09:19
  And I think a lot of it it's because of like you have the
• 1:09:21
  confluence of these factors that we we've just discussed.
• 1:09:25
  For me as a, you know, somebody that continues to be focused on
• 1:09:28
  Bitcoin mining, it's beautiful. It's music's my ears because we
• 1:09:31
  are still very bullish on Bitcoin the long term.
• 1:09:35
  And you know, we it's going to be better for us last
• 1:09:37
  competition, we got a bigger percentage of the network,
• 1:09:41
  right? And you know, keep their heads
• 1:09:43
  down, can't keep costs down and survive the storm, right.
• 1:09:47
  They're going to come out of this victorious.
• 1:09:48
  That's our bet. So this is this is not a bug.
• 1:09:52
  This this is a. Feature not a bug.
• 1:09:55
  The most efficient miners are going to stay in the game.
• 1:09:58
  And the difficulty adjustment again is creating that incent.
• 1:10:01
  The beauty of Bitcoin, it's creating that incentive for
• 1:10:03
  miners to come in. The, the most beautiful example
• 1:10:07
  of this was during the China mining ban, right?
• 1:10:09
  You saw a 50% hash rate drop and without any central authority,
• 1:10:14
  any CEO, the hash rate recovered within nine months because of
• 1:10:18
  that incentive that was created because the difficulty kept
• 1:10:21
  going down, meaning more Bitcoin for everybody, right?
• 1:10:24
  So entrepreneurs came in there, you know, started plugging in
• 1:10:28
  ASICS and, and got some of them got very wealthy doing that,
• 1:10:31
  right. So again, difficulty adjustments
• 1:10:34
  is the the Bitcoin network adjusting, creating that
• 1:10:37
  incentive for Bitcoin miners. And again, the most efficient
• 1:10:41
  Bitcoin miners were the are the ones that survived the market
• 1:10:45
  downturns, which is what we're currently experienced.
• 1:10:47
  Now we do have 7 minutes left and I do want to put Hoffa
• 1:10:51
  absolutely. It's probably not going to take
• 1:10:54
  a second for a minute. It's going to be good, you know,
• 1:10:56
  a lot of. People ask why do you do you
• 1:10:59
  know, just in pure economic terms, most of the people like
• 1:11:02
  from the financing industry ask why do you mine right?
• 1:11:04
  Why? Why just not buy Bitcoin?
• 1:11:07
  Why just not, you know, buy something else with better risk
• 1:11:10
  return profile and then you know, my answer to them is it's
• 1:11:14
  true fold. I think when you think about
• 1:11:16
  mining, you're long the best monetary asset that you know, at
• 1:11:20
  least in my perspective, you you could own Bitcoin.
• 1:11:23
  As we discussed right, the compounded annual growth rates
• 1:11:26
  of the CAGR of Bitcoin are higher on average than the
• 1:11:29
  network hash rate. I'm still think that you know,
• 1:11:32
  it's the the liquidity that Bitcoin has compared to other
• 1:11:36
  monetary assets. It's a it's a drop in the
• 1:11:38
  bucket, still going to capture and demonetize a lot of assets
• 1:11:42
  out there like gold, you know, and that's addressable market
• 1:11:45
  just expanded, you know, if the recent, even if the drop, if the
• 1:11:49
  recent rally in gold. But then on on the side you have
• 1:11:53
  you're short network hash rate growing and I think that has
• 1:11:57
  physical limitation as well, right?
• 1:11:58
  Then we have peers like now where network hash rate would go
• 1:12:02
  down. So your long one asset that I
• 1:12:03
  think it's uncapped, it can go up significantly and you're
• 1:12:06
  short another one that you know can continue to go up.
• 1:12:08
  But at least to your point, it's predictable in the way that it
• 1:12:11
  that it goes up. And all of this, you mentioned
• 1:12:14
  something else that it's different topic, complete, super
• 1:12:17
  important, which is predictability.
• 1:12:19
  I mentioned this in the beginning, right?
• 1:12:21
  You're better off being a system that you can predict everything,
• 1:12:24
  that everything is written in code than in one that you're not
• 1:12:27
  that you, you really don't understand what could happen.
• 1:12:29
  And you know, like the like in the financial markets, a lot of
• 1:12:32
  time, most of the times I can tell you like, you know, you sit
• 1:12:35
  in a trading desk and you get in the morning.
• 1:12:37
  It's like, oh, why is this asset doing this and that and people
• 1:12:40
  have no idea. And then they come up with an
• 1:12:42
  explanation later, right, It's right to drinks, like what could
• 1:12:45
  it be? And then that kind of becomes
• 1:12:46
  the explanation, at least here, you know, it's much more
• 1:12:49
  predictable in terms of the way that it operates.
• 1:12:52
  And price, yeah, price is it is also unpredictable, of course,
• 1:12:55
  right. But you are within a system that
• 1:12:58
  it's much clearer and much more transparent.
• 1:13:03
  Bars from Hoffa. Zaguri One.
• 1:13:06
  Last. Thing Hoffa, I'm going to put
• 1:13:07
  you on the spot Electron energy is going to be releasing an A
• 1:13:12
  mining dashboard. Think about it as the Clark
• 1:13:15
  Moody dashboard but for Bitcoin mining.
• 1:13:19
  If you guys want more updates on that, I'm going to drop the
• 1:13:22
  handle in the live chat for over 1000 people watching go follow
• 1:13:27
  the electron energy handle on X at Electron Energy Hoffa.
• 1:13:32
  When is this dashboard going to be dropping?
• 1:13:34
  What is contained in this dashboard for all the mining
• 1:13:37
  junkies in the chat and people watching the Bitcoin mining
• 1:13:41
  junkies? What is this dashboard and why
• 1:13:44
  did you guys design? Why did you guys feel like you
• 1:13:47
  had the necessity to design it and to put energy and time into
• 1:13:51
  it? Because it's not necessarily
• 1:13:54
  something that's making you money.
• 1:13:55
  It it it almost seems like it's something you're giving back to
• 1:13:58
  the community. Yeah, yeah, I've been a hobby.
• 1:14:02
  For a long time for me has been coding and I, you know, I, I
• 1:14:06
  have been a, an open source developer and a couple of small
• 1:14:09
  projects out there for a long time.
• 1:14:12
  So, you know, I definitely see that in the community.
• 1:14:14
  I know it's super important that it exists, but before that, what
• 1:14:17
  we're doing is we got all the risk.
• 1:14:20
  We brought a lot of internal research around, you know, not
• 1:14:23
  only mining but in Bitcoin in general, right?
• 1:14:26
  You know, today, for example, it was like creating charts to see,
• 1:14:29
  you know, I want to see how many days since all time high we've
• 1:14:32
  been, right, bigger chart for that, something small, but just
• 1:14:34
  like a ton of data. We usually do these in Python
• 1:14:38
  Jupiter notebooks, which are just, you know, it's called that
• 1:14:41
  you write to interact. You can see the results
• 1:14:43
  immediately. We had the pile of these just
• 1:14:46
  sitting around for, for a long time and I decided, OK, why not
• 1:14:50
  get some of this research that we, we wrote, you know, like
• 1:14:54
  another cool thing, like we have the whole history of ASIC since
• 1:14:57
  the first ASIC we created a model for like to price them
• 1:15:02
  historically. So ton of data and but this was
• 1:15:08
  very disjointed. They were scrolled a little bit
• 1:15:10
  in different pieces, right? And decided, OK, let's just put
• 1:15:13
  all of this together. We put it all inside a folder.
• 1:15:18
  And then, you know, we, we ask an agent, an AI agent, she's
• 1:15:21
  like, OK, here's the code, here's the everything.
• 1:15:24
  Here's the back, the front end, how we think it should be.
• 1:15:26
  Here's the back end how we think it should be.
• 1:15:29
  Create another dashboard out of this.
• 1:15:31
  And the initial work, of course, like I think people need to be
• 1:15:34
  very careful and using AI agents because sometimes they get the
• 1:15:37
  right result. But to our surprise, the initial
• 1:15:40
  result was relatively good. You said, why not just publish
• 1:15:44
  this out there, right? And I think the benefit for the
• 1:15:47
  communities that first of all, the people that are benefit the
• 1:15:50
  most out of this, you know, are not the big miners, my
• 1:15:52
  competitors, They all run this data.
• 1:15:54
  They all have these numbers, right?
• 1:15:55
  You know, they, they got nothing out of this.
• 1:15:57
  And if they're using my dashboard, there's something
• 1:15:59
  fundamentally wrong in the way that they operate their business
• 1:16:02
  that, you know, that, that, that I don't want to go there.
• 1:16:05
  The people are going to benefit from this are are the whole
• 1:16:07
  miners are the small miners, right?
• 1:16:09
  And that's it's an important point for Bitcoin.
• 1:16:11
  We need to have more decentralization of everything.
• 1:16:14
  And in mining, the top things that come to mind is, of course,
• 1:16:18
  you know, manufacturing needs to be more diversified than it is,
• 1:16:22
  but mining also needs to be more diversified than it is, right?
• 1:16:26
  And I think people are going to benefit the most out of this are
• 1:16:29
  the ones that, you know, are thinking about going to mining
• 1:16:31
  or exploring what kind of data to look at, you know, how
• 1:16:35
  profitable it is, what break evens they get.
• 1:16:37
  There are things like simulations that you can
• 1:16:39
  simulate. It's like, I want to see if I
• 1:16:41
  have like a bit X and two other minors and I want to take a look
• 1:16:44
  at the probability of finding blocks and it will do that.
• 1:16:47
  Like there's a data like we have a ton of data.
• 1:16:50
  I'm a data manic. We measure everything.
• 1:16:55
  You know, I try to get as much data as I as we can and
• 1:16:58
  everything. And when we don't, you know, it
• 1:17:00
  becomes like a pain point for me in the company.
• 1:17:04
  When is this going to be out there?
• 1:17:06
  I don't know yet. Oh, another thing, it's also
• 1:17:12
  very on brand with what we do and how we operate.
• 1:17:14
  Another thing that is on brand and how I operate with Tether.
• 1:17:17
  Tether just released their mine EOS system.
• 1:17:19
  This is different, their Mine EOS system, which is awesome, by
• 1:17:22
  the way, it's now open source. Paulo announced it last week in
• 1:17:28
  El Salvador. JavaScript base, you can come
• 1:17:31
  in, you can clone, can deploy, and then it's like a minor
• 1:17:34
  management software. The industry really needed that.
• 1:17:37
  It's something you can do to control your miners remotely, to
• 1:17:40
  track what the miners are doing. It works like as looking at
• 1:17:44
  different integrated parts of like you can measure your use
• 1:17:47
  your power meter, you can measure the power at the
• 1:17:49
  container level. It's extremely cool.
• 1:17:52
  It also uses whole bunch technology, which is
• 1:17:54
  decentralized. So if you are Armani, I highly
• 1:17:58
  recommend people to to test it out.
• 1:18:00
  I think it's it's awesome. And this is also another open
• 1:18:04
  source project going back and, you know, giving to the
• 1:18:06
  community at the different level.
• 1:18:07
  You know, this, I think it's more at like the, because I come
• 1:18:12
  from the financial markets more coming from like the financial
• 1:18:14
  analytics, the no thinking strategically about miners,
• 1:18:17
  profitability and things like that.
• 1:18:19
  You can connect your node to it. So you get your own data, you're
• 1:18:22
  sovereign and around how you get like these calculations that
• 1:18:25
  we're telling about blocked difficulty adjustments,
• 1:18:28
  historical, it's all there and it's all based on your own
• 1:18:31
  nodes, right? You put the your RPC connection,
• 1:18:33
  you put set up your node and boom, it will get the data to
• 1:18:36
  create its own database. And yeah, excited, be excited to
• 1:18:40
  put it. The the other thing is that I'm
• 1:18:42
  pretty sure I'm going to put this out there and people are
• 1:18:44
  going to start, I hope, start contributing start, you know,
• 1:18:46
  opening PRS and fixing things that are wrong there, you know,
• 1:18:50
  finding calculations that we we miscalculated.
• 1:18:53
  Then for us. It's also, of course, very
• 1:18:55
  beneficial to to have that. Hoffa, thank you so much for
• 1:18:58
  joining us on the show. Guys, go follow at.
• 1:19:00
  Electron Energy if you guys want the latest updates on the Clark
• 1:19:04
  Moody of Bitcoin mining hoffa thank you so much for joining us
• 1:19:09
  on the show today really appreciate it thanks man great
• 1:19:11
  being here all right everybody if you guys enjoyed the show and
• 1:19:14
  you. Want to do smash the like
• 1:19:15
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• 1:19:16
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• 1:19:18
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