Latest / Simply Bitcoin / BREAKING: America's 3rd Largest Bank Buys Bitcoin | EP 990

Transcript

BREAKING: America's 3rd Largest Bank Buys Bitcoin | EP 990 · Simply Bitcoin

• 0:02
  It's. All going to zero against
• 0:05
  Bitcoin. It's going on forever.
• 0:15
  You're against Bitcoin. You're against freedom yo.
• 0:23
  Welcome to Assembly Bitcoin Live right Number one source for the
• 0:25
  peaceful Bitcoin revolution. Card Breaking news Culture of
• 0:27
  magnetic Warfare. We will be your guide through
• 0:29
  the separation of money and state.
• 0:30
  Ladies and gentlemen, you tune in to simply Bitcoin, the most
• 0:33
  watched daily Bitcoin live show on YouTube.
• 0:35
  Rumble NX, sit back, relax and enjoy the ride.
• 0:38
  We have a lot to unpack today. Starting in hot with breaking
• 0:43
  news. Wells Fargo, America's second
• 0:45
  largest bank, announced that they have exposure to Black
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  Rock's Bitcoin ETF, and on a state level, specifically the
• 0:55
  state of Wisconsin. Their pension fund just
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  announced that they also bought about $100 million worth of the
• 1:03
  spot Bitcoin ETF. Bitcoin's game theory is playing
• 1:08
  out in real time. Its incentives are irresistible.
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  And now here's what's going to happen, specifically with the
• 1:15
  state of Wisconsin with Wells Fargo.
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  All of a sudden their incentives are going to align with the rest
• 1:22
  of us bitcoiners. And I know what a lot of you
• 1:24
  guys are saying, a lot of you guys are saying, well, Nico,
• 1:27
  it's not real Bitcoin. You know, they're buying
• 1:29
  captured Bitcoin, they're buying ETF Bitcoin.
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  It's still Bitcoin exposure none the less.
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  So all of a sudden and bitcoins, an aligned incentive structure
• 1:39
  system, them pursuing their own need for profit, need for greed.
• 1:45
  Like just their own greed is is going to align their incentive
• 1:49
  structure. All of a sudden they're going to
• 1:50
  want number to go up. All of a sudden they're not
• 1:53
  going to like any anti rig Bitcoin regulation that
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  potentially could hurt number go up right.
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  So the floodgates are really, really about to open.
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  And here's the thing, Wisconsin's pension fund now has
• 2:12
  a competitive advantage to all the other pension funds in all
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  other 49 U.S. states because they have exposure to number go
• 2:24
  up technology, right. So this is bonkers.
• 2:27
  This is absolutely crazy. Like we we've been saying this
• 2:31
  was going to happen, but now it's happening.
• 2:34
  I feel very, very optimistic about this upcoming bull run and
• 2:40
  what it means for specifically from for the price of Bitcoin
• 2:44
  specifically because the revolution is self custody.
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  That's a whole other subject altogether.
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  But extremely bullish news. Also another news as well.
• 2:55
  We have just people, people are feeling the pain like if you
• 2:59
  were to believe the economic data that's that's coming out,
• 3:03
  you'd say you know the US is actually in a really good spot.
• 3:08
  You know, like their the GDP is growing, unemployment is down.
• 3:12
  But I think people are they, they're still hurting.
• 3:16
  You can't afford rent, you can't afford a house.
• 3:19
  They're starting to see the creeps of broken money all over
• 3:24
  the place. They're starting to see the
• 3:27
  consequences of inflation. And remember it's not only the
• 3:30
  debasement of currency, but it's also the degradation of products
• 3:34
  as well as as companies try to cut cut costs in order to keep
• 3:39
  prices the same. You know and that's that's
• 3:42
  called shrink flation. People are starting to see that
• 3:45
  also a news from the Guardian coming out of Australia in
• 3:49
  regarding a man that was forced to hand over the border guards
• 3:56
  the the, the passcode to his phone.
• 3:59
  And I think, you know, because Bitcoin gives you the ability to
• 4:03
  not only vote with your wallet but also your feet, I suspect
• 4:07
  really what you're going to see in the next 5 to 10 years is
• 4:10
  you're, I think you're gonna see more of that because the capital
• 4:14
  controls that they once had aren't as effective, right?
• 4:18
  Like, you can't just, you literally just can't, you know,
• 4:22
  be like how the law currently stands is every $10,000 that you
• 4:28
  cross a border with like $10,000 in cash or the equivalent in
• 4:33
  gold or diamonds or whatever, You have to report it, right?
• 4:38
  But you know the way that Bitcoin functions, right?
• 4:41
  You can write down a 12 word seed phrase, you can memorize it
• 4:45
  and then all of a sudden you can theoretically store 1,000,000
• 4:48
  billions, trillions of dollars in your mind.
• 4:51
  How are they going to enforce those types of laws?
• 4:54
  I think that's a very important conversation.
• 4:56
  I think long term I think that's a good thing.
• 4:58
  I think that people voting with your with their wallet is a good
• 5:02
  thing. You know, as much as you see
• 5:04
  California for example was talking about introducing a
• 5:08
  so-called exit tax. You see this in Canada.
• 5:12
  You see Roger Ver arrested not too long ago because he he he
• 5:16
  didn't pay the taxes for the exit tax.
• 5:19
  I think more and more people are going to vote with their feet,
• 5:23
  right. And I think governments, you
• 5:25
  know as predicted in the book, the sovereign individual are not
• 5:28
  going to react very friendly to that.
• 5:30
  I think they're going to try to keep as many PIP people inside
• 5:35
  the Matrix so to speak. So anyway, it's going to be a
• 5:38
  great show. Lots to unpack, lots to talk
• 5:40
  about. Today I want to legendary Co
• 5:42
  host was always optimistic optically.
• 5:44
  How you doing today? I am doing wonderful, man.
• 5:49
  I, I. You can never complain when
• 5:50
  you're living on the Bitcoin standard, when your whole world
• 5:53
  view has been reprogrammed because of Bitcoin, everything
• 5:56
  is great. And even though we are in the
• 5:59
  midst of I, I, I've said this before, even though we're in the
• 6:02
  midst of like peak clown World, everything's great when you live
• 6:05
  in Bitcoin. Even though Peak Clown World can
• 6:06
  continue to peak. And it's probably gonna get
• 6:08
  crazier. Man, life's great.
• 6:11
  It's super good just being a bitcoiner and everyone else is
• 6:14
  freaking out. And you're just like, man,
• 6:15
  life's life's wonderful. What are you guys even talking
• 6:18
  about? Everything's going exactly as
• 6:19
  planned. So yeah, man, life's good.
• 6:22
  I woke up good and got some good sleep.
• 6:25
  You know, people are showing up to the show.
• 6:28
  Everything's going exactly as we foreseen.
• 6:31
  We got a lot of, we got rich people now buying Bitcoin, even
• 6:34
  though it's paper Bitcoin. And you know, I think the
• 6:36
  world's waking up to the fact that Bitcoin is the superior
• 6:40
  money. So hey man, everything's great,
• 6:42
  Nico, Everything's great. It's.
• 6:43
  Almost as if we're winning. It's almost as if we are
• 6:47
  correct. Who would have thought?
• 6:48
  Who would have thought the the ADIQ bitcoiners were the correct
• 6:51
  one to the? Realm It's almost as if we're
• 6:53
  winning anyways. I do want to bring up our very
• 6:56
  special guy Das B from the land down under.
• 6:59
  How you doing man? Super.
• 7:02
  Good morning to you, boys. It's 2:00 AM here, but the vibes
• 7:05
  are high. The highest octane show on the
• 7:08
  Internet. So let's go, really.
• 7:09
  Pumped to be here. Well, thanks for joining us,
• 7:11
  brother. Why don't you give a little
• 7:15
  Opti, why don't you give QE audience somewhere?
• 7:16
  We're going to talk about some. Contacts with Daz.
• 7:18
  So he is a part of Looking Glass education.
• 7:22
  He's a, he's a also a Bitcoin educator.
• 7:24
  He wrote the book B for Bitcoin. But what I really want to talk
• 7:28
  about is what Daz have been talking about recently and it's
• 7:32
  the idea of what rather the insights you have with Bitcoin
• 7:37
  fixing energy bills and for consumers and energy markets.
• 7:41
  So we're going to talk an idea that I really enjoy is that once
• 7:45
  Bitcoin is ubiquitous with energy is when this thing really
• 7:50
  gets kicked into OverDrive. So we're going to have some good
• 7:52
  insights into that today in the culture.
• 7:55
  And then of course, we'll talk about all the projects that DAZ
• 7:57
  is working on. So it's going to be a good show,
• 7:58
  guys. Absolutely, absolutely.
• 8:01
  All right, everybody, let's get to the numbers.
• 8:04
  But before we do that, I have to give an extremely special shout
• 8:07
  out to the Bitcoin company that powers this show.
• 8:12
  And of course I'm talking about bitcoinwell.com. bitcoinwell.com
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  is the best place to build your automatic self custody Bitcoin
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  stack. It is a self custody by default.
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  Future proof your money. What is self custody by default
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  means? That means that you can't buy
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  Bitcoin on on Bitcoin. Well, unless you are going to
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  take self custody, which perfectly aligns with the simply
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  Bitcoin ethos of the separation of money and state.
• 8:41
  Because after all, self custody is the revolution.
• 8:44
  Support self custody by default Bitcoin on RAMPS and go to
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  bitcoinwell.com today at the website you can literally just
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  put in your username, your e-mail address.
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  You can get started. The process literally takes like
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  no more than like 2 to 3 minutes.
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  You put in all your information, you put in your bank account and
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  you could start stacking sats. There's a clear transparent 1%
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  spread with the 1% fee which is transparent across the industry
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  and which is standard across the industry.
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  Obviously it's a Bitcoin only platform and it's non custodial.
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  That's the key ladies and gentlemen, as the separation of
• 9:24
  money in state accelerates. We want we want self custody, we
• 9:28
  want non custodial solutions, right?
• 9:31
  Because if people see the convenient option, they're going
• 9:34
  to use it. You want individuals all over
• 9:37
  the world taking the personal responsibility of learning how
• 9:41
  to take self custody. And the way that you do that is
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  by using a self custody by default on ramp because it like
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  it forces you, You have to take self custody or you can't buy
• 9:50
  Bitcoin, right. So guys, go to bitcoinwell.com
• 9:53
  today. Go to bitcoinwell.com/simply to
• 9:56
  get started and help us enable independence with Bitcoin.
• 10:01
  Well, all right everybody, let's hit the numbers.
• 10:04
  We have a lot to talk about the Bitcoin numbers.
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  Hi everybody, I made it incredibly easy for you guys.
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  storage kit promo code. Simply 15% off all right at the
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  time of recording. The Bitcoin price is $61,450
• 11:41
  block height, 843,448 cents per dollar, 1627 Bitcoin price in
• 11:49
  gold. I don't know why anyone would
• 11:51
  want to do that. 26.3 oz Market cap 1.12 trillion Bitcoin versus
• 11:56
  gold market cap 7.53% Percentage issued 93.8% declined from all
• 12:03
  time high 16.7 Forward monetary inflation Continuing to take
• 12:07
  Fiat currencies to absolute school That's right, Christine
• 12:10
  Lagarde, it's at .85%. Realize monetary inflation,
• 12:14
  1.67% across the board. Bitcoin is still winning and
• 12:19
  we're just getting started. We're only at 7.53% the market
• 12:23
  cap of gold. Once Bitcoin reaches the market
• 12:26
  cap of gold, that's like $600,000 per fucking Bitcoin.
• 12:29
  That's absolutely awesome. Anyways, I wanted to show you
• 12:32
  guys this. This is a we've.
• 12:34
  Been seeing these videos across the Internet of just people
• 12:39
  freaking out saying like look, I don't understand.
• 12:41
  I have two jobs. I'm doing everything that I can.
• 12:44
  I'm playing by the rules. I have my college degree,
• 12:47
  whatever. And I still can't make ends
• 12:50
  meet. What is going on?
• 12:53
  Like people inherently know the system is broken.
• 12:57
  They continue to seek a political solution when they're
• 13:00
  This isn't there. There isn't a political solution
• 13:03
  to this. Ladies and gentlemen.
• 13:04
  The solution is fixing the money, right?
• 13:07
  And we keep seeing these videos, and they're absolutely tragic,
• 13:11
  because I really do believe believe in Jeff Booth's theory
• 13:17
  that technology should make the world essentially deflationary.
• 13:22
  Things should get naturally cheaper over time, not more
• 13:26
  expensive, right? But the world has been SIOPT
• 13:30
  into thinking that somehow money needs to lose purchasing power
• 13:35
  in order for it to exist, right? We need to break this SIOP as
• 13:40
  bitcoiners. And remember, it's not left
• 13:42
  versus right. It's not.
• 13:44
  It's not red versus blue. It's the party of orange, the
• 13:47
  party of Bitcoin. Opportunity, peace, prosperity,
• 13:51
  deflation versus the party of green, the party of inflation,
• 13:56
  nihilism, poverty, slavery, you know, usury, all those horrible
• 14:00
  things. And that's really what's going
• 14:02
  on. So support people on the party
• 14:05
  of Orange and don't support people on the party of of Green
• 14:09
  'cause if you're on the party of Green Man like, you support
• 14:12
  endless wars, you support human suffering, you support nihilism,
• 14:17
  right? You support poverty or you
• 14:19
  support, you know, a a a special privileged elite that play by a
• 14:23
  different set of rules. Everyone else you know gets
• 14:25
  screwed. Anyways, here's Marty.
• 14:27
  Bent Shrink flation is here. Pretty soon sharing the Wendy's
• 14:32
  Where's the beef? Ad campaign from the 1980s will
• 14:35
  be considered economic hate speech as the regime becomes
• 14:39
  even more desperate in their attempts to make people believe
• 14:42
  that everything is fine. And make no mistake, do you guys
• 14:46
  remember we played you guys that video like 100 times where the
• 14:50
  White House press secretary was literally trying to tell you
• 14:53
  that Thanksgiving was cheaper than it was last year?
• 14:56
  Like they can't they they're they can't explain this.
• 15:00
  So they have to gaslight you. They have to like we we played
• 15:03
  you guys a video of your all Harare.
• 15:06
  Yesterday he was rolled out put on stage by the folks over at
• 15:11
  the Bank of International Settlements and he was just
• 15:14
  like, yeah, we we want we want currency.
• 15:17
  Like, I don't like Bitcoin because it's a currency of
• 15:19
  mistrust. We should use currencies of more
• 15:22
  trust because the last century has shown how good that was for
• 15:26
  the world. Like dude, I don't know what
• 15:28
  you're smoking, but the reason that people mistrust government
• 15:32
  currencies is because you guys not only debase it, you guys not
• 15:37
  only steal everyone's purchasing power, but you can't even take
• 15:41
  personal responsibility and admit to what you're doing.
• 15:46
  You would. You change the numbers, you
• 15:48
  gaslight the people, you roll out the Treasury Secretary and
• 15:52
  she tells the entire audience, basically saying, like, hey, you
• 15:55
  know what? There's going to be no
• 15:58
  inflation. 2 years later, I was wrong about the inflation thing,
• 16:03
  you know? Meanwhile, everyone gets
• 16:04
  wrecked. Who took her word for it.
• 16:06
  So anyways, check out this video.
• 16:09
  It comes from TikTok. Let's check it out.
• 16:10
  Not. McDonald's.
• 16:13
  McDonald's, McDonald's, McDonald's.
• 16:16
  However you want to say this shit, y'all be shaming yourself.
• 16:21
  Gotta beat me, right? I was like, damn this shit thin.
• 16:23
  Look at this Patty. Y'all.
• 16:25
  It's so thin. What?
• 16:30
  McDonald's. You can see through this
• 16:32
  motherfucker. I'm not going to eat this it
• 16:37
  damn near $10 meal and you give me this thick can y'all see how
• 16:40
  thin it is. Matter of fact, let's see how
• 16:43
  thin it is to the pickle. The pickle thicker than the
• 16:46
  Patty. Come on now, McDonald's Y'all
• 16:49
  know better than this. This is shame.
• 16:52
  You ought to be shame. So a couple things here, right?
• 16:57
  So thing number one is governments have been blaming
• 17:03
  inflation and the rising prices on corporations, right?
• 17:10
  On businesses. Another thing also as well is
• 17:16
  the way that she's saying it like McDonald's, Like, why are
• 17:19
  you doing this? Then if enough, if she gets
• 17:23
  enough people to feel that way, that McDonald's is screwing her
• 17:26
  over, you know, there's enough political willpower.
• 17:30
  Government passes a law. It forces McDonald's to increase
• 17:34
  the size of the Patty. McDonald's has to raise the
• 17:37
  prices again. Then people get like Pikachu
• 17:40
  face meme, like surprise, like, wait, what do you mean?
• 17:44
  I don't understand. Government isn't the solution
• 17:52
  here, and people got to wake up to this reality.
• 17:57
  Government is not the solution. Government is the problem
• 18:01
  specifically when it comes to money.
• 18:04
  They're going to exacerbate it. They're going to make things
• 18:07
  worse. It reminds me of, like the the
• 18:12
  the minimum salary laws that are passed.
• 18:17
  It reminds me of that, right? Like, and then they pass the
• 18:21
  minimum salary laws. Then the price of the whatever
• 18:26
  products or goods you're purchasing from that place that
• 18:28
  just raised their minimum salaries goes up and people are
• 18:31
  like, wow, this is so expensive. Like there's unintended
• 18:35
  consequences to this. But what it boils down to
• 18:39
  because people wouldn't ask for more of a salary, what people
• 18:44
  are really asking for is, even if it's indirectly, why is it
• 18:50
  that I can't make ends meet? Why is it that my purchasing
• 18:53
  power is decreasing? And what US bitcoiners
• 18:57
  fundamentally understand is it has nothing to do with raising
• 19:02
  the minimum wage. It has nothing to do with not
• 19:06
  working hard enough, or has nothing to do with that.
• 19:10
  It has to do with your using the wrong unit of account, right?
• 19:16
  We always reference this website and you should too if you have
• 19:19
  someone who's a detractor of Bitcoin in your family.
• 19:25
  And the reason that we use this website is because it prices
• 19:29
  everything in Bitcoin. And here's the thing.
• 19:34
  If your salary, if you've been pay, if you've been earning in
• 19:38
  dollars, you've been earning 92% less in the last five years.
• 19:45
  Imagine if you put a portion of your salary into Bitcoin, right?
• 19:51
  It's literally a cheat code, right?
• 19:54
  Oil is 91% cheaper, Gold 91% cheaper, the S&P 575% cheaper.
• 20:00
  The you know a house, even with housing prices going absolutely
• 20:04
  bonkers through the roof here in the United States. 85% cheaper
• 20:09
  over the last five years, Over the last three years, 72%
• 20:12
  cheaper. You guys get the general gist of
• 20:14
  it though, is that you've just been using the wrong unit of
• 20:19
  account. Now what happens if McDonald's
• 20:22
  starts to adopt A Bitcoin standard?
• 20:26
  What happens if this lady starts to adopt A Bitcoin standard?
• 20:29
  Right? Imagine if the whole world
• 20:31
  adopted a Bitcoin standard, right?
• 20:33
  Things were fundamentally change and they would change for the
• 20:37
  better, right? But we still have a lot of work
• 20:40
  to do as bitcoiners, as a community, because she's
• 20:44
  correctly identified the problem, but that doesn't mean
• 20:48
  anything if she doesn't identify the issue, right?
• 20:52
  There is not a political solution to this.
• 20:55
  The solution is to opt out and to vote with your wallet.
• 20:59
  Just opt out of the system entirely.
• 21:01
  Your money is screwing me, it's not working for me.
• 21:05
  I'm going to choose to earn and something that doesn't debase,
• 21:08
  doesn't steal from me, isn't easily confiscated, is
• 21:12
  censorship resistant. That's the solution to this, and
• 21:16
  our responsibility as bitcoiners over the next 5 to 10 years is
• 21:20
  really wake up people to this reality that fixing the money
• 21:25
  truly does fix the world. Anyways, Opti, what's your take
• 21:29
  on all this? Now yeah, let's go to dabs
• 21:31
  first, because I'm really just going to troll this out.
• 21:33
  So Dabs, what's what's your take on this?
• 21:36
  Oh, I couldn't agree more. And look, shrink inflation,
• 21:39
  inflation, these are all insidious drips.
• 21:41
  And if there's one thing I'm actually kind of grateful for is
• 21:43
  the fact that it's started to accelerate to the point where
• 21:46
  people are starting to notice it because we've suffered this
• 21:48
  since we left the gold standard, you know, 1970s onward.
• 21:52
  It's been an insidious drip against wage earners, you know?
• 21:55
  And when it's two or three percent, nobody notices, right?
• 21:58
  But now it's starting to be in your face, you know?
• 22:00
  And I think I shouldn't be laughing at that, that poor lady
• 22:02
  in a Big Mac. But like, I think that the
• 22:04
  Pickles bit thicker than the Paddy, right.
• 22:06
  That's going to be a meme that at last, at last, you know,
• 22:10
  this, this next cycle. I think that that kind of thing.
• 22:13
  And you know, and I think the the, the biggest overall theme
• 22:17
  for people to really understand is that yes, we are living in,
• 22:21
  you know, should be a deflationary world.
• 22:23
  But the the whole system is built on debt.
• 22:27
  So they need this inflation because they need to inflate
• 22:29
  away their debt because they know they're not paying that
• 22:30
  back anymore. So the system is actually
• 22:33
  working against you, actively working against you.
• 22:35
  When you point towards government to save me, they're
• 22:38
  not going to save you. You need to opt out.
• 22:39
  The only path through to salvation is through Bitcoin.
• 22:43
  Into that Opti, what's your take on this?
• 22:45
  Yeah, so let me full screen myself because I am so glad we
• 22:49
  can finally talk about the important things.
• 22:51
  Here is how damn expensive McDonald's is getting.
• 22:54
  I think everyone knows how much I love McDonald's and I haven't
• 22:57
  been able to buy it because it's too damn expensive.
• 23:00
  Now actually, I haven't been eating McDonald's, but I've been
• 23:02
  getting trolled out for a while because hey, I I still enjoy
• 23:05
  McDonald's every once in a while.
• 23:06
  Yeah, throw tomatoes all you want.
• 23:07
  But I think this is something we've been talking about.
• 23:10
  And I'm so glad that this is finally getting out just to, you
• 23:13
  know, the average person, the norm.
• 23:15
  Reverse if, if you will. Let me put it in that phrasing.
• 23:18
  But strengthflation confirmed. They can gaslight us all they
• 23:22
  want. They've been telling us that,
• 23:24
  you know, things are getting cheaper, that your dollar is
• 23:27
  going farther, you know, every holiday and you know that CPI
• 23:31
  isn't going up as high. Inflation isn't as bad as we
• 23:34
  thought it was. Guys, you're not getting as
• 23:36
  quickly poor as you thought it was.
• 23:38
  Like, just continue to buy your McDonald's and you don't.
• 23:41
  Don't worry about it. But everyone is waking up to the
• 23:43
  same thing. Everything is getting too
• 23:45
  expensive. And for some reason I'm getting
• 23:47
  the the Bernie Sanders meme in my head right now where he's
• 23:51
  like I am once again here to tell you everything is too damn
• 23:54
  expensive. We must, you know, raise a
• 23:56
  minimum wage and we must to lower the prices.
• 23:58
  Or even what was a Biden came out a couple of days ago, or no,
• 24:02
  probably a couple weeks ago now, where he was saying that whole
• 24:06
  like, we're going to stop corporations from gouging you
• 24:08
  and all this stuff. And we're here on the show
• 24:10
  constantly telling you guys that they don't blame the
• 24:14
  corporations, they're just trying to keep up with inflation
• 24:16
  and this is the inevitable outcome is that is that the
• 24:21
  Pickles are thicker than the fatties, the prices are too damn
• 24:24
  high. But to Niko's point, I really do
• 24:27
  think that people are waking up to the lies and and to dad's
• 24:30
  point as well. I think people are starting to
• 24:33
  trust themselves a little bit and realize that, look, we are
• 24:36
  being bombarded with so much propaganda, so many lies that
• 24:40
  now it's very hard to avoid the fact that your dollar isn't
• 24:44
  going as far as you thought it was.
• 24:46
  You know, like people go to McDonald's, you know, one,
• 24:49
  because it's delicious, obviously, and two, because
• 24:52
  they, they think that eating healthy is too expensive.
• 24:55
  But then when you go to a McDonald's, you realize, like,
• 24:58
  wait, what happened to my Big Mac?
• 25:00
  I remember going up when a Big Mac used to be huge.
• 25:02
  Do you guys remember how big a Big Mac used to be?
• 25:04
  It used to be like, it used to be the name a Big Mac.
• 25:07
  It used to be big. Now you look at it and it's
• 25:09
  like, it's tiny. It's absolutely, absolutely
• 25:11
  ridiculous that that inflation has destroyed the Big Mac.
• 25:15
  I'm going to die on this hill. The Big Mac used to be
• 25:18
  delicious, but life is getting more expensive if you're not
• 25:21
  saving in Bitcoin, if you're not on the Bitcoin standard
• 25:24
  personally, and you're just living paycheck to paycheck and
• 25:27
  you're not saving in Bitcoin. I am a Big Mac.
• 25:30
  Extremist confirmed. Actually, I haven't eaten Big
• 25:33
  Mac. I haven't eaten McDonald's in
• 25:34
  months, Guys, this is an old meme.
• 25:36
  So, like, it's an old meme that I love Bitcoin or Big Mac.
• 25:39
  I do love Bitcoin, but yeah, it's an old meme.
• 25:42
  People in the chat that know me know I'm trolling this out a
• 25:45
  little bit because I hey, I enjoy Big Mac every once in a
• 25:49
  while. Sue me.
• 25:50
  But the point remains the same. Shrink flation is actually
• 25:53
  happening, and anyone that goes to the grocery store or even
• 25:58
  goes and eats Fiat food, they understand one thing.
• 26:02
  Things are getting more expensive and you are getting
• 26:05
  less full when you eat these foods.
• 26:07
  So something is going on and no amount of propaganda or
• 26:12
  gaslighting coming out from the quote UN quote official
• 26:14
  institutions can convince you otherwise it you are not getting
• 26:20
  as much as you used to, and that's because the dollar isn't
• 26:23
  able to save value like it used to.
• 26:25
  This is why corporations are minimizing you know everything.
• 26:29
  This is why shrink flation is a thing.
• 26:32
  I'm sure if you still eat what we would call Fiat foods here,
• 26:35
  you know, chips and candies and and fast food, you realize that
• 26:39
  things are getting smaller a little bit, or they're adding
• 26:42
  more air into your chips. Or you know, like the Snickers.
• 26:45
  Like guys, I love Snickers bars. They're delicious, but they cut
• 26:48
  them in two and now they're smaller.
• 26:50
  Like, what is going on? No amount of financial trickery,
• 26:54
  or rather Fiat trickery, can convince people over time that
• 26:58
  you are getting less for your dollar.
• 27:00
  And this is what people are waking up to.
• 27:02
  And it's something that I think we're seeing in in an extreme
• 27:06
  version in every part of society, is that people are
• 27:10
  waking up to the lies and it usually starts with the money.
• 27:13
  Once people start to realize that their money isn't going as
• 27:17
  far as they used to, then they start to question things and
• 27:20
  they maybe eventually get to the idea of what is money and maybe
• 27:24
  they start to 2nd can guess the official narratives coming out.
• 27:28
  And they realize that the very people that are here to quote UN
• 27:31
  quote protect us are probably the very people that you should
• 27:35
  stop listening to because they are hurting you more than their
• 27:38
  quote UN quote experts would lead you on to believe.
• 27:42
  You need to trust yourself. You need to verify these things
• 27:46
  for yourself. Don't trust the experts.
• 27:48
  I remember growing up in an era where critical thinking was was
• 27:52
  applauded, where they would say, hey you know, don't trust
• 27:57
  everything you read. You know, now we have the new
• 27:59
  meme like don't trust everything you read on the Internet.
• 28:01
  But like, I love the idea of don't trust verify and I think
• 28:05
  people are verifying this. You know, like the Pickles are
• 28:07
  thicker than the patties. Now what is going on here?
• 28:10
  Because strengthlation is actually happening and no amount
• 28:14
  of gaslighting coming out from official quote, UN quote,
• 28:17
  institutions can convince people otherwise that their money isn't
• 28:21
  going as far as because things are more expensive.
• 28:23
  We're not getting as much food as we used to in the grocery
• 28:26
  store. Even McDonald's is getting more
• 28:28
  expensive and the food is less. So these are I think the initial
• 28:33
  symptoms that people will will be LED down the Bitcoin path
• 28:37
  once you realize, wait, I'm getting poorer, why can't I get
• 28:40
  full on $15 anymore? Why is every time I go out
• 28:43
  minimum $20.00 for everything I buy and I haven't changed my
• 28:47
  order? Like, this is how you lead
• 28:50
  people down the path that, hey, everything is getting decimated
• 28:53
  right now because Fiat currencies are going out of
• 28:56
  control and you need to save in something that they cannot be
• 28:58
  be, that they can't debase, which is of course simply
• 29:01
  Bitcoin. Absolutely.
• 29:04
  All right, everybody. I do want to give a very, very,
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  All right everybody, let's hit the news.
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  We have a lot to talk about today.
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  The Daily News. I want to give a shout out to
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  wallet. Guys, if you're enjoying the
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  show so far, make sure to smash that like button.
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  Currently sitting at 96 likes on YouTube, about 3 likes or a
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  little bit more on Rumble and some likes on X as well.
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  Help us with the algos. Smash that like button helps
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  push the orange signal forward. Anyways, so back in the day when
• 32:36
  this news dropped about roughly 2 years ago, Michael Saylor said
• 32:40
  that there's going to be three things that take Bitcoin to
• 32:43
  $5,000,000 before I play this. Those one of those, some of
• 32:50
  those things have already happened.
• 32:53
  And one of those things, one of those things is on the verge of
• 32:56
  happening. It's currently there, there
• 32:58
  there's like a law being discussed.
• 33:00
  And the big news, I think the big kahuna is the fact that
• 33:06
  Wells Fargo and the Wisconsin Investment Board have made major
• 33:13
  investments not specifically into self custody Bitcoin which
• 33:17
  would be the ideal. I think inevitably you're it's
• 33:20
  going to lead to that but they have made investments into
• 33:25
  getting exposure to the spot Bitcoin ETF.
• 33:28
  Anyways guys, let's check out this clip.
• 33:32
  Catalyst that 10X is it really is the moment that JP Morgan
• 33:37
  Chase or or or other big money center banks can custody these
• 33:40
  for large corporates. That's it.
• 33:41
  That's the sea change because there's really no reason why
• 33:44
  they shouldn't be diversifying the assets on their balance
• 33:46
  sheet. Is that is that your take?
• 33:47
  Because I know that like Tim Cook, I don't know where it came
• 33:48
  from. Earlier this week he said
• 33:49
  something like I own some Bitcoin, but we have no designs
• 33:52
  on anything or I don't know if you said Bitcoin or crypto in
• 33:54
  general. Is that the thing?
• 33:55
  And then and then I think there's. 3 Look first of all
• 33:58
  it's going up by a factor of 10 whether they fix any of the
• 34:00
  stuff, right? It's going to go a lot.
• 34:01
  It's going to be a grind up by a factor of 10 just because gold
• 34:05
  is broken and the coins going to replace gold.
• 34:08
  And now everybody in the universe knows they need a non
• 34:10
  sovereign store of value in the form of a bearer instrument.
• 34:13
  So now they're looking the the amount of stories for last year
• 34:17
  people said inflation may be coming.
• 34:18
  We're not sure. Now the mainstream narrative is
• 34:21
  flipped to inflation is here. You need inflation hedge.
• 34:24
  So it's going to grind up to replace gold.
• 34:26
  It'll go to $500,000 a coin regardless of why they fix these
• 34:29
  things. But there are three things that
• 34:30
  are massive catalysts that cause an acceleration.
• 34:33
  And I I don't think that those three things don't take us to
• 34:36
  500,000, they take us to 5 million a coin, right?
• 34:39
  Those three things are a spot ETF where someone can go ahead
• 34:43
  and buy $100 million of Bitcoin via security, An ETF security.
• 34:47
  I think that's 1/2 is your bank is going to custody it for you
• 34:51
  and lend against it. And three is I can mark it up or
• 34:57
  mark it down on my balance sheet based on fair value para pursue.
• 35:01
  It'll be para pursue to the way I'd handle apple stock or at
• 35:04
  least that good if it's if you have property with fair value
• 35:07
  accounting by the way it becomes para pursue to the way you'd
• 35:12
  handle treasury bonds on a treasury balance sheet.
• 35:14
  Treasuries are better than stocks because treasury is
• 35:17
  property whereas a stock is a security and you're capped out
• 35:20
  at 40% of your balance sheet of security.
• 35:22
  So. So it would be a major, major
• 35:25
  breakthrough if if you saw any of those three things and I'll
• 35:29
  end with this one observation I tweeted this last week, but I
• 35:31
  still I think it's very powerful.
• 35:33
  It's if the banks can hold this stuff on their balance sheet
• 35:37
  then a whole new class of investors are going to buy it.
• 35:40
  People are going to put in billion and multi billion dollar
• 35:42
  orders to buy it as a treasury asset.
• 35:44
  Nobody's going to sell it because because there's no
• 35:46
  reason to sell it if you can borrow against it at Libor plus
• 35:49
  ART, SOFR plus 50 basis points, right.
• 35:53
  So you'll be, you'll be barring as Bitcoin is SOFR plus 50 or
• 35:56
  SOFR plus 100 basis points. No one's ever going to sell it.
• 35:59
  And then as I joked, you won't be able to afford it.
• 36:01
  I mean you will be able to afford it.
• 36:02
  But you know, everybody gets Bitcoin at the price they
• 36:04
  deserve when the bank. Boom, Boom.
• 36:08
  Three things. FASB accounting rules, banks
• 36:13
  going to be able to custody it and then thing number one is the
• 36:17
  Black Rock or the ETFs. As you could tell the ETFs have
• 36:21
  been incredibly successful. The BlackRock, BlackRock holds,
• 36:26
  you know, more than a quarter million Bitcoin fidelity.
• 36:29
  It's up there. People can't, I mean these ETFs,
• 36:32
  they they they can't stop stacking.
• 36:33
  And of course that's a reflection of the institutional
• 36:36
  interest in Bitcoin and we're going to get into what some of
• 36:41
  that institutional interest is, right.
• 36:43
  So the other thing he said is the change in the FASB
• 36:47
  accounting rules and he mentioned this word parapassu,
• 36:50
  which just means equal to. And essentially the way that
• 36:54
  accounting rules worked before is that you couldn't really
• 36:57
  reflect the UPS and the downs properly.
• 37:02
  So it kind of became a a little bit of an accounting nightmare
• 37:05
  for a lot of these corporations and stuff.
• 37:09
  And then the news of the day, I would say the headline is Wells
• 37:14
  Fargo. So Wells Fargo, I believe it's
• 37:16
  the second largest bank in the United States or the third
• 37:20
  largest bank. I got to change the title.
• 37:22
  The third largest bank now owns the Spot Bitcoin ETF.
• 37:26
  So that goes on to say the recent filing with the SEC.
• 37:30
  Wells Fargo, one of the largest banks in the United States,
• 37:33
  disclosed its exposure to Spot Bitcoin ETF.
• 37:36
  According to the filing, Wells Fargo holds position in
• 37:39
  Grayscale, Spot Bitcoin ETF, the BlackRock ETF, and and shares in
• 37:44
  Bitcoin Depot Inc, marking A notable entry into the Bitcoin
• 37:48
  market. Spot Bitcoin ETFs enable
• 37:51
  investors to gain exposure to bitcoins price movements without
• 37:54
  directly owning the asset. You guys know that the news of
• 37:57
  Wells Fargo's spot Bitcoin ETF exposure comes amid A broader
• 38:01
  trend of institutional adoption of Bitcoin, with several major
• 38:05
  banks and financial institutions exploring ways to incorporate
• 38:09
  BTC into their offerings and get exposure to the asset.
• 38:13
  Earlier this week, investment firm giant Susquana
• 38:18
  International Group revealed an SEC filing that it holds 1.8
• 38:22
  billion in spot Bitcoin and other Bitcoin ETFs, joining the
• 38:26
  wave of massive financial institutions disclosing their
• 38:30
  exposure to BTC. Now the latest news is coming.
• 38:36
  I mean, it's a state, it's AUS state, guys.
• 38:40
  This all plays into it. Like if you have these, you know
• 38:44
  if you have Wells Fargo, if you have this, you know very well
• 38:50
  respected large financial institution that has exposure to
• 38:54
  Bitcoin. Like how do you think they're
• 38:57
  going to feel if any government passes a a regulation?
• 39:01
  And remember at the end of the day you can make a very solid
• 39:04
  case that BlackRock controls the US government, right?
• 39:07
  You can make that, we can make a really good case for that.
• 39:10
  What do you think happens if they try to pass any type of
• 39:14
  anti Bitcoin legislation? They're gonna get a call, Those
• 39:18
  politicians are gonna get a call and say, hey, you know those
• 39:20
  donations that I'm giving you so you can get reelected?
• 39:24
  Yeah, that doesn't work for me anymore, right?
• 39:27
  And then all of a sudden they're gonna change tune, right?
• 39:29
  So anyways, Wisconsin Investment Board becomes first state
• 39:33
  pension to buy spot Bitcoin ETFs and they hold over $162 million
• 39:39
  worth goes on today. Today, the State of Wisconsin
• 39:43
  Investment Board has revealed its substantial investments in
• 39:47
  Bitcoin exchange traded funds through a recent filing with the
• 39:50
  SEC. According to the filings, SWIB
• 39:54
  holds nearly $100 million worth of BlackRock Spot Bitcoin ETF.
• 39:58
  This disclosure marks SWIB as the first state level
• 40:02
  institution to publicly announce its holdings and spot Bitcoin
• 40:05
  ETFs. Signaling A notable notable step
• 40:09
  in the integration of Bitcoin into traditional investment
• 40:12
  portfolios, it goes on to say here's just a reaction, whoa, a
• 40:17
  state pension bought I bit in first quarter.
• 40:21
  Normally you don't get these big fish institutions in the 1313 FS
• 40:26
  for a year or so. So I mean it's accelerated,
• 40:29
  right, It's accelerated and and I would say yes, this is, this
• 40:33
  is a massive kind of escalation. I remember the French bank that
• 40:38
  bought the back Black Rock ETF, they only bought like a couple
• 40:41
  $1,000,000 worth. It was absolutely nothing, you
• 40:44
  know, for for an institution of that size.
• 40:47
  So for the state of Wisconsin to be to feel so confident about
• 40:51
  the future of Bitcoin and about, you know, the the bitcoins
• 40:55
  potential future price accumulation that they put $162
• 41:01
  million behind it, it's an absolute massive deal.
• 41:05
  Now, another thing that tells me we're over the target.
• 41:09
  We covered this on last week's episode.
• 41:13
  There was a recent bill that went through the House and
• 41:16
  passed the law passed the house that would essentially allow for
• 41:21
  regulated here. Here's the specific thing, it
• 41:27
  would essentially allow large regulated financial institutions
• 41:32
  to custody Bitcoin. Right.
• 41:35
  The White House stepped in and we all know how the current
• 41:38
  administration feels about the industry and basically said like
• 41:42
  even though it passed the House, I don't know what it's going to
• 41:45
  do in the Senate. They said no, we're going to,
• 41:47
  we're going to veto this completely, right.
• 41:49
  So, you know, the executive branch, which is very hostile
• 41:53
  towards the industry, they're not pro it, right?
• 41:54
  They propose a 30% Bitcoin mining tax.
• 41:58
  That tells me that like once again, you know that something's
• 42:03
  happening, right? And I think they're freaked out.
• 42:05
  I think they're freaked out because what happens when the
• 42:10
  status state of Wisconsin starts benefiting from number go up?
• 42:14
  What happens when Wells Fargo, one of America's most powerful
• 42:19
  banks, largest bank, starts benefiting from number go up?
• 42:23
  Do you think they're going to be OK with, you know, these
• 42:27
  shenanigans that are being played by the executive branch?
• 42:31
  No, they're not going to be OK with it at all.
• 42:33
  Here is beauty on the founder of a Steco and he says this is
• 42:37
  interesting. Wisconsin, if it passes, any law
• 42:40
  that touches Bitcoin, will not only be breaking their solemn
• 42:42
  oath to protect and uphold the Constitution, but they will be
• 42:47
  acting against the best interests of the investment
• 42:51
  they've made in the ETF. Anyone who's invested in Bitcoin
• 42:55
  ETFs has a vested interest in seeing consumer Bitcoin in
• 42:59
  sweeping the entire world as quickly as possible.
• 43:02
  Funny how that works in it, and this is what we mean.
• 43:06
  We've said this many times that the reason that we believe
• 43:11
  Bitcoin will win is because it has superior incentives versus
• 43:18
  government is completely reliant on coercion.
• 43:22
  They coerce people into using Fiat currencies.
• 43:25
  They coerce people into using the things that they don't want
• 43:29
  to use, right? Bitcoin's just incentives.
• 43:31
  Like the state of Wisconsin isn't like, oh, let's just buy
• 43:35
  Bitcoin for shits and giggles. They're buying Bitcoin because
• 43:38
  they think number will go up, right?
• 43:41
  Wells Fargo wouldn't be getting exposure to BlackRock spot
• 43:45
  Bitcoin ETF if they didn't think number will go up and what's
• 43:50
  going to happen when their their allocation to Bitcoin starts
• 43:56
  outperforming gold, right. If, if Wisconsin has, you know,
• 44:00
  if, if, if they have exposure to gold, what, what starts to
• 44:04
  happen if Bitcoin starts outperforming everything else,
• 44:08
  they have an allocation on, you know what they're going to do?
• 44:10
  They're going to increase their Bitcoin allocation.
• 44:13
  What's what's that going to do? The price number go up, right.
• 44:18
  So Bitcoin is going to win because it has superior
• 44:21
  incentives. Bitcoin gives you a cheat code.
• 44:24
  Once you adopt A Bitcoin standard, any state that has
• 44:28
  not, you know, added Bitcoin to their portfolio is at a
• 44:33
  disadvantage. Any bank that hasn't added
• 44:36
  Bitcoin to their strategy or their their portfolio, their
• 44:39
  allocation is at a disadvantage, right.
• 44:42
  So this is what we mean. Bitcoins incentives are going to
• 44:44
  roll the day and they got nothing against us but coercion.
• 44:48
  This is happening a lot faster. I agree with that Bloomberg
• 44:52
  analyst's take, this is happening a lot faster than I
• 44:55
  anticipated. And right before the next run
• 44:59
  up, we're having a little bit of a cool down phase.
• 45:00
  I don't know if it's going to last another month or two, but I
• 45:03
  I believe that the end of the year should be absolute
• 45:05
  fireworks for Bitcoins price. So I'm going to start off with
• 45:09
  Opti first and then we'll hear from DAS.
• 45:11
  Yeah, well, I think the question that everyone is asking,
• 45:14
  especially right now, is like, if these big institutions are
• 45:17
  buying Bitcoin, why isn't the price going up?
• 45:20
  Well, I think it's because everyone, they're buying paper
• 45:22
  Bitcoin. But it will soon enough.
• 45:24
  Especially when you consider what Saylor was saying and that,
• 45:27
  like, I love that it's two years old and now it's playing up
• 45:30
  exactly as foreseen, but also a lot quicker than any of us could
• 45:33
  thought. That those three massive
• 45:35
  catalysts, they're they're well underway.
• 45:38
  And then we just had the halving and we haven't even seen retail
• 45:41
  FOMO yet. And you know, not to really talk
• 45:44
  about the GameStop stuff, but you guys know where this is
• 45:47
  going to lead once the the the retail starts following into
• 45:51
  Bitcoin and then realize that Bitcoin is the real GameStop.
• 45:53
  So Bitcoin is the undisputed champion as the hardest money in
• 45:58
  the world. It it's the hardest money to
• 45:59
  create. And now we're seeing that
• 46:02
  everyone is starting to wake up to this.
• 46:04
  Yes, of course, as we've been saying for a while, these
• 46:07
  institutions move a lot slower than the average retail investor
• 46:10
  out there. Or quote UN quote retail
• 46:12
  speculator, whatever you wanna call them.
• 46:14
  So you will see the trickling of investments and institutions
• 46:19
  going into Bitcoin. But I think we're going to see,
• 46:22
  I think today might be the last day that they that these
• 46:26
  institutions have to file whether they were investing in
• 46:30
  these ETFs and not. And look, I'm, I'm sure we're
• 46:32
  going to see some more big names pop out by today or tomorrow.
• 46:37
  And also, Nico, I don't know if you saw, but Wells Fargo isn't
• 46:40
  the only big bank that has officially been buying Bitcoin
• 46:44
  ETFs. We saw UBS in Switzerland also
• 46:46
  disclose that they're buying the BlackRock ETF.
• 46:49
  So it's not just happening in the United States.
• 46:52
  This is happening globally. They deleted that tweet.
• 46:54
  Oh, did that I have it right? Here is it still up.
• 46:58
  It's still up here. Let's see, I'll pull it up.
• 47:02
  I didn't bring that up specifically because someone
• 47:04
  deleted it. So if it's still up, yeah, it's
• 47:06
  still up. So yeah.
• 47:07
  Also big news as well. I didn't want to bring that up
• 47:10
  because I thought someone retracted that.
• 47:12
  But yes, UBS, Switzerland's second largest, Switzerland's
• 47:16
  largest bank now has an allocation to Bitcoin and and
• 47:21
  sprinkle that on top of everything that we just said and
• 47:26
  how could you not be bullish for what's to come?
• 47:29
  The next 18 months are going to be absolute freaking fireworks,
• 47:34
  bro. Holy shit.
• 47:36
  I think people you know I'll say this.
• 47:39
  I'll say this too right? What I'm seeing this cycle is an
• 47:43
  opposite of what I saw last cycle.
• 47:45
  Last cycle I saw kind of like people were overhyped like they
• 47:51
  they were like 100K guaranteed. What I'm seeing this cycle is
• 47:56
  the exact polar opposite of that and the general consensus is
• 48:01
  O120K Bitcoin, 150K Bitcoin and Bitcoin tends to do the exact
• 48:08
  opposite of what everyone thinks.
• 48:10
  If the general consensus is only thinking 120, a 150K Bitcoin,
• 48:16
  and then they sell at those prices, what the fuck do you
• 48:19
  think is going to happen, right? So like, you know, again, maybe
• 48:26
  I'm seeing something that's not there, right?
• 48:28
  Maybe I'm seeing something that's not there, but I've been
• 48:30
  here for eight years and you tend to learn some things along
• 48:33
  the way. Anyways, Opti, what were you
• 48:35
  saying? Yeah, yeah.
• 48:36
  And just to add up, it's like scarcity is playing out in real
• 48:39
  time and everyone is waking up to the facts that we all know as
• 48:43
  Bitcoiners, that we constantly talk about is that everyone has
• 48:47
  the same problem. No one wants to lose their
• 48:50
  money. Everyone is figuring out ways to
• 48:52
  keep their money going into the future.
• 48:55
  Everyone wants to save their money for themselves and their
• 48:57
  family and their kids and their kids, kids.
• 48:59
  And we all have the same problem.
• 49:01
  The money is broken. Fiat is a scam.
• 49:03
  And now we're seeing that. We've gotten to remember Nico,
• 49:07
  we've been talking about this as bitcoiners for a long time.
• 49:09
  Like, the institutions are coming.
• 49:10
  Well, like, now they're here and everyone is still bearish and
• 49:13
  they're like, oh, this isn't how I wanted Bitcoin adoption to
• 49:16
  happen. It's like we've been knowing
• 49:18
  that this is going to happen for a while and now we're seeing
• 49:21
  that they're waking up to it and it's like a Titanic.
• 49:23
  It's going to take a little while for them to fully allocate
• 49:26
  into Bitcoin. We're going to see maybe we're
• 49:28
  going to have some laggards coming up from the institutions.
• 49:30
  But everyone is having these conversations right now and you
• 49:34
  better believe that they are having these meetings right now
• 49:37
  talking about wow, should we be buying some Bitcoin.
• 49:39
  And so like we're saying, all these factors are going to play
• 49:42
  into the Bitcoin price going absolutely nuclear.
• 49:46
  And one a couple more things. First, shout out to our boy Dom
• 49:50
  Bay, because he's been beating the drum on pension funds
• 49:53
  needing Bitcoin. Now we saw Wisconsin finally
• 49:55
  took the leap, so he's been ahead of the game.
• 49:58
  And I think it's also comes with what we've said for a while that
• 50:03
  this is for the proof that Bitcoin is going to be the
• 50:05
  defining topic of conversation and be ubiquitous with wealth
• 50:10
  accumulation, wealth concentration.
• 50:12
  And This is why I think in the elections coming up, it's going
• 50:16
  to be one of the defining conversations as well is like
• 50:19
  what is your stance on Bitcoin? And now everyone is waking up to
• 50:23
  this idea that, you know, you're either for Bitcoin or you're
• 50:26
  against freedom. So this is where we are right
• 50:29
  now, and if you want to preserve your wealth, you need Bitcoin.
• 50:32
  And my last point, Nico, and you you can censor me all you want
• 50:37
  and YouTube can censor me all they want.
• 50:39
  But you know how the feds keep saying that Bitcoin is for
• 50:41
  criminals? Well, now it's really true
• 50:43
  because Wells Fargo owns Bitcoin and they're the biggest
• 50:46
  financial criminal in the world. So here we are.
• 50:49
  And also also last last me and last troll.
• 50:53
  Bitcoin is cheese. Hence why Wisconsin gets it all
• 50:58
  right. Daz, what's your thoughts?
• 51:00
  Oh man, Opti's on fire today. All right, Daz, what are your
• 51:04
  thoughts? My.
• 51:04
  Friend in the fight. In the fight.
• 51:06
  First of all, 5,000,000 bucks a coin.
• 51:08
  Michael, I say bearish. All this stuff going.
• 51:09
  On Let's go, Yeah, yeah. Look, I think this institution
• 51:14
  adoption things, we're not even scratching the surface of what's
• 51:17
  to come like these accounting rules.
• 51:18
  So that the two major barriers for institutional adoption was
• 51:22
  one was the the, the rails to actually buy it.
• 51:25
  So the ETFs just make that so much cleaner, so much easier for
• 51:28
  them. And that also solves the the
• 51:31
  custody issue. Why we find value in Bitcoin,
• 51:33
  right. It's our ability to take self
• 51:35
  custody. We've got these institutions.
• 51:37
  It's like there's no way I want the CEO holding the keys to,
• 51:40
  yeah, institutional wealth, right.
• 51:41
  So I think in one way that ETF just allows these institutions
• 51:45
  to get exposure to to to Bitcoin in a way that's not a threat to
• 51:50
  a rug pull from you know those closest to the to to the
• 51:54
  decision making and the accounting rules was the other
• 51:57
  major barrier. You know if you're going to put
• 51:58
  this on your treasury, it's really hard to deal with this
• 52:01
  volatile asset if you can't mark it up so it it affects
• 52:04
  negatively to your balance sheet.
• 52:06
  So those accounting rule changes which I don't think come into
• 52:09
  effect until December this year, I believe, but that's going to
• 52:12
  be a real, real game changer. And you Add all of that to the
• 52:16
  normal speculative froth that we get around bull markets, which
• 52:20
  is normally retail driven. Again Ma, you know mom and dad
• 52:24
  and grandma and grandpa can now get exposure to Bitcoin through
• 52:28
  the click of a button. Again, we've got as Bitcoin as
• 52:30
  we've got a heap of work to do to educate these people in
• 52:32
  custody. And because that's why we, you
• 52:35
  know what we attribute value to Bitcoin because of this idea
• 52:39
  around being able to self custody this Bitcoin.
• 52:41
  So we can't rest on our laurels. Us Bitcoiners have to keep this
• 52:44
  educational fight going to make sure that people know how to
• 52:47
  take self custody. Yeah, well.
• 52:51
  Can I add, can I add to what DAZ just said cuz I think that's a
• 52:55
  very important aspect. It's like, yes, we do have a lot
• 52:58
  of work educating people to take Bitcoin into self custody.
• 53:02
  But as as we are seeing right now with, you know, everyone and
• 53:06
  their mother and their grandmother wanting to get some
• 53:09
  Bitcoin ETF exposure, that Bitcoin has been legitimized in
• 53:13
  the eyes of the average person. And now they just need to take
• 53:16
  that next step and be like you want to hold this yourself and
• 53:19
  don't trust the middle men. So I love that point, Daz. 100
• 53:23
  percent, 100% All right everybody.
• 53:25
  Before we move on to the culture and talk to Daz and see what
• 53:28
  he's working on these days, I do want to give a very special
• 53:32
  shout out to our sponsor. The Orange Pill app.
• 53:36
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• 53:40
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• 53:52
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• 53:56
  messaging bit corners that are near you has a really cool
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• 54:02
  or let's say you don't know any bit corners in the city that you
• 54:04
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  It will literally tell you what bit corners are around you, and
• 54:10
  it'll allow you to send them a message directly.
• 54:14
  It's probably a good idea to build up that Bitcoin Rolodex
• 54:16
  over the next 5 to 10 years. I believe that bit corners are
• 54:19
  going to be some of those powerful, influential,
• 54:21
  wealthiest people on the face of the planet.
• 54:24
  So it's probably a good idea to stack friends who stack SAT's.
• 54:27
  It's a great resource to message Opti and I.
• 54:30
  We take the time to message every single one of you guys
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  back. So download the orange pull up
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  today, scan the QR code or check the link in the video
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  description. All right, everybody, let's move
• 54:42
  on to the culture. We have a lot to talk about
• 54:44
  today. Let's check it out.
• 54:45
  Here we go. The Daily Culture.
• 54:57
  Everybody. I want to give a shout out to
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  our sponsor, KB Max. They are the most trusted place
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• 55:53
  All right, Opti, It's all yours, my friend.
• 55:55
  All right, so here we go. Super excited for this
• 55:58
  conversation because Daz, if you guys aren't familiar with him
• 56:02
  and and he keeps telling us, you know, he's an expert in energy
• 56:05
  grids, transmission networks, power markets, energy generation
• 56:08
  and renewables. And he's got insights into
• 56:11
  Bitcoin, how it fixes your energy bills for consumers and
• 56:13
  energy markets. So that's what we're gonna talk
• 56:15
  about for the bulk of this and then we'll talk about his
• 56:17
  project afterwards. So Dez, I'm gonna just give you
• 56:20
  the floor. Where do you think it's a good
• 56:21
  place to start here? And then we'll jump in a little
• 56:24
  bit when we want to clarify a few things.
• 56:26
  Yep, that's my my passion is the intersection between Bitcoin and
• 56:31
  energy and energy grid. So as an electrician, I'm an
• 56:33
  electrician. As a pleb, work on the grid from
• 56:36
  day-to-day. So this is where I spend most of
• 56:38
  my time in space thinking about how Bitcoin fixes energy grids.
• 56:42
  And I think the real game changer for consumers of energy,
• 56:45
  like we've been speaking about this notion of increased prices
• 56:49
  everywhere we look and we're definitely feeling that.
• 56:52
  And your and your energy bills, right, and your electricity
• 56:54
  bills at home, they're starting to get really, really quite
• 56:57
  frothy and people are starting to feel the pinch.
• 57:00
  And really what the game changer is, why energy grids and energy
• 57:03
  and electricity prices are so expensive is because they're
• 57:06
  super, super, super inefficient. And why that is, I guess is a
• 57:09
  great place to start. So when we build an energy grid,
• 57:13
  we optimize for what we call maximum peak demand.
• 57:15
  So that is the worst case scenario throughout the year
• 57:18
  where we have everybody coming home from school, you know, the
• 57:23
  kids come home from school, mum and dad start cooking dinner,
• 57:26
  the air conditioners go on, the gaming machines go on.
• 57:29
  And that's our maximum peak demand.
• 57:31
  So when we build an energy grid, we've got to have enough
• 57:33
  capacity in this energy grid to be able to sustain that maximum
• 57:37
  demand. But what normally happens is
• 57:40
  that that's only a small portion, a small percentage of
• 57:43
  the day and then even a small percentage of the year, you know
• 57:46
  through summer or winter depending on where you're living
• 57:48
  and your energy heating or cooling needs are.
• 57:51
  So the where the opportunity exists to reduce overall
• 57:55
  consumer bills, overall electricity costs is this delta
• 57:59
  between a normal load base in our maximum profitable operating
• 58:04
  region for a grid. And that's really where Bitcoin
• 58:07
  mining slots right in. In the past with energy grids
• 58:10
  and energy flows and the the control of generational
• 58:13
  resources, we're always focused on the supply side of that
• 58:17
  energy grid, which means we're always optimizing for the
• 58:20
  generators. We're always trying to control
• 58:22
  the generator load flows. Really where the opportunity
• 58:26
  lies, which is a game changer with Bitcoin mining is demand
• 58:29
  side control, so we can introduce new players into this
• 58:32
  grid, new revenue sources. And the the real game changer
• 58:37
  with what has come with Bitcoin mining versus what how we've
• 58:40
  been able to do this in the past is their ability to control
• 58:44
  transport, introduce a flexible controllable load that we can
• 58:48
  ramp up and down with the needs of the grid.
• 58:50
  You know, so that when we are competing with this maximum
• 58:53
  demand, when mum and dad come home, we can actually send
• 58:55
  signals to these Bitcoin miners to ramp back down.
• 58:58
  And what that really does, quite simply, is just improve the
• 59:01
  economics of a grid, which reduces overall consumption
• 59:04
  costs. Absolutely incredible.
• 59:07
  All right. And just jumping in a little
• 59:08
  bit, I absolutely love the idea that like real hyper
• 59:13
  bitcoinization happens once energy markets are priced in
• 59:16
  Bitcoin and obviously like not priced in the dollar.
• 59:20
  We're not on this Petro dollar system.
• 59:22
  So we've we're seeing some inklings of this happening right
• 59:25
  now where you know we have I I forget all the news were coming
• 59:29
  out but a lot of people using like flared gas now and and
• 59:33
  they're mining Bitcoin with it. But what do you, how long do you
• 59:36
  think this will take? Are we just going to see certain
• 59:38
  players jump into to Bitcoin, maybe pricing some energy in
• 59:42
  Bitcoin? Like what's your thoughts on
• 59:44
  that idea of Bitcoin being a unit of account for energy and
• 59:48
  and how that really changes the game?
• 59:51
  Well, some of the greatest thought leaders in and around
• 59:53
  electricity and and inventors throughout history have always
• 59:57
  prophesized that we will price energy in kilowatt hours, we'll
• 1:00:03
  we'll price money in kilowatt hours.
• 1:00:05
  Like energy will be the base layer of monetary.
• 1:00:09
  Value and monetary transactions. So we've never had the ability
• 1:00:12
  to directly tie a monetary good to the use of energy before and
• 1:00:16
  that's what Bitcoin absolutely does.
• 1:00:18
  And I think the real game changer is the also the ability
• 1:00:22
  with micro payments once we introduce like a lightning
• 1:00:24
  network where you can pay for real time energy use, we've
• 1:00:30
  never been able to process micro payments to that scale before.
• 1:00:33
  So we've never been able to directly monetize and directly
• 1:00:36
  bill for your consumption. So you can actually start
• 1:00:38
  streaming electricity, right. This is absolute game changer.
• 1:00:41
  So I think with the you know the 2nd layers and the micro payment
• 1:00:46
  enablement as well as directly being able to tie energy
• 1:00:50
  monetary good directly to the use of energy, I think that's
• 1:00:53
  it's, it's inevitable. I don't know what that time
• 1:00:55
  window looks like, but that's where I think it's only gonna be
• 1:01:00
  a natural evolution and it's only a matter of time and not
• 1:01:03
  when. Absolutely incredible.
• 1:01:06
  OK. And kind of pivoting a little
• 1:01:07
  bit, you did talk about being an electrician and a tradesman.
• 1:01:12
  And so I do kind of wanna ask, what is the general consensus of
• 1:01:19
  the tradesmen that you talk to when they, when you talk about
• 1:01:22
  Bitcoin today? I I know like as a tradesman
• 1:01:25
  that you do have, like you make good money if if you have a
• 1:01:28
  service and you have a trade, you definitely have money and
• 1:01:31
  you were telling me that they look for places to invest.
• 1:01:33
  So, like, what's the general consensus via a tradesman
• 1:01:37
  looking at Bitcoin that you've encountered recently?
• 1:01:40
  I think like generally just trades people are are kind of
• 1:01:43
  technical. OK.
• 1:01:44
  So there's a there's a base and we're used to this this concept
• 1:01:48
  of proof of work. We get our hands dirty.
• 1:01:49
  We make things we fix things. So it's it's usually quite an
• 1:01:53
  easy get right when once once people start to understand, you
• 1:01:56
  know when they're looking around they're seeing prices start to
• 1:01:58
  increase and it's starting to look at well I can't invest or I
• 1:02:03
  can't you know sustain my lifestyle to the degree in which
• 1:02:06
  I want. They're starting to look for
• 1:02:07
  answers and I think that that that concept of being directly
• 1:02:11
  tied to that that notion of physical work, once you
• 1:02:14
  understand proof of work, it's a it's a really easy get.
• 1:02:17
  It's not much to bridge that gap and I think that's you know in
• 1:02:20
  Australia in particular trades people make decent wages, that's
• 1:02:24
  basically a whole, it's tourism, it's minerals and it's
• 1:02:28
  tradespeople and construction. So we are in that fortunate
• 1:02:32
  position where we do have some disposable income and most
• 1:02:34
  people do try and navigate some type of investment.
• 1:02:36
  But what I think most people start to easy to understand,
• 1:02:40
  right for for most people is equities through a ETF, you know
• 1:02:44
  like an S&P 500 exposure to the market in real estate.
• 1:02:48
  So therefore all of those investment vehicles are starting
• 1:02:51
  to really attract this monetary premium and we've developed this
• 1:02:54
  massive property bubble now in Australia.
• 1:02:55
  It's absolutely ridiculous, like it's multiples upon your wage,
• 1:02:59
  yearly wage to get into the housing market and I think start
• 1:03:02
  people starting to wake up, It's like why are houses so
• 1:03:04
  expensive? It's because it's attracting A
• 1:03:06
  monetary premium, because our money is dirt, and money doesn't
• 1:03:08
  work the way that we are used to.
• 1:03:11
  You know, dealing with money like throughout history, like
• 1:03:14
  grandma told us, put it under your bed and come back for a
• 1:03:16
  rainy day doesn't work like that anymore.
• 1:03:18
  You can't do that. So that's where Bitcoin.
• 1:03:20
  It's easy. It's money.
• 1:03:21
  It's it's simple as money. Like under the hood.
• 1:03:23
  Yes, it appears quite complicated, but fundamentally,
• 1:03:27
  it's money. It serves as money.
• 1:03:28
  You put it away. You save an excess.
• 1:03:30
  You work hard, you, you spend less than you earn, you save the
• 1:03:33
  excess. And you come back for a rainy
• 1:03:35
  day and you look at what your purchasing pile has been able to
• 1:03:37
  afford you over time. Yeah, 100%.
• 1:03:39
  And just like the TLDR, like this is what Bitcoin does it.
• 1:03:42
  It simplifies the need to save money so that you can focus on
• 1:03:47
  what's more important, like building stuff and, you know,
• 1:03:50
  creating stuff and working on a trade.
• 1:03:53
  All right, before we pivot to what you're working on with
• 1:03:56
  Looking Glass, let's do what's the last, like the what's the
• 1:03:59
  last point? You want to talk about energy
• 1:04:01
  in, in particular. And then we'll work.
• 1:04:02
  We'll work into the projects you're working on.
• 1:04:05
  Yeah, absolutely. I think no matter what you see
• 1:04:08
  the future energy grid looking like, whether that's a a
• 1:04:10
  renewables mix, a you know this path to net zero, whether you
• 1:04:14
  buy into that or you don't, ultimately that's where the way
• 1:04:17
  governments are going. But regardless of what that
• 1:04:20
  energy mix looks like, whether it's largely renewables or still
• 1:04:23
  rotating machines or nuclear, Bitcoin is the solution.
• 1:04:26
  It will help capitalize and monetize and improve the
• 1:04:29
  economics of any, any energy grid, no matter what that energy
• 1:04:32
  mix looks like. And it's the game changer.
• 1:04:33
  And I think most people, Bitcoiners, need to get vocal
• 1:04:37
  about that because we need to be in the faces of these
• 1:04:40
  regulators, in the faces of these people who make these
• 1:04:42
  decisions to say it is fiscally irresponsible to not have
• 1:04:47
  Bitcoin as part of that energy mix.
• 1:04:49
  Love it, Love it. Actually, there is one more
• 1:04:51
  energy question from the audience so you can pass it.
• 1:04:54
  But Matthew Jay wants to know. Daz, what do you think of
• 1:04:56
  thorium energy? Thorium.
• 1:04:59
  So yeah, it's it's interesting on I spend a lot of time in in
• 1:05:03
  in the nuclear space, but that is a game changer in terms of
• 1:05:07
  breeder reactors and and so forth.
• 1:05:08
  And I think nuclear is something that needs to be considered in
• 1:05:13
  Australia. It's not even on the table for
• 1:05:15
  discussion. So I think one one thing, not to
• 1:05:18
  get sort of too bogged down into the technical, but one thing you
• 1:05:21
  need for a nice stable energy grid is a rotating machine,
• 1:05:24
  because that's what keeps the heartbeat of a system.
• 1:05:27
  And the more renewables that come on, they're not rotating
• 1:05:29
  machines, They don't maintain a nice steady heartbeat.
• 1:05:31
  So I think nuclear makes a lot of sense in in terms of the
• 1:05:35
  energy mix. Love it, Love it.
• 1:05:37
  OK, all right, let's move on to Looking Glass.
• 1:05:40
  So here's your website lookingglasseducation.com.
• 1:05:44
  I'll give you the floor. What are you working on?
• 1:05:46
  What's the point here? I I think this is great right
• 1:05:48
  here though jargon free Bitcoin and finance education like a
• 1:05:51
  perfect meme here. But take the floor.
• 1:05:53
  Daz, what is Looking Glass? And and what is your goal with
• 1:05:57
  it? Well, it was, you know, largely
• 1:06:00
  to speak to my people, to to trade people, to wage earners,
• 1:06:04
  to try and distill down some of these complex macroeconomic and
• 1:06:07
  financial topics into everyday sort of language that people can
• 1:06:12
  understand. So what we tried to do is, is
• 1:06:14
  the Bitcoin course is the main offering.
• 1:06:15
  Yeah, that's where we try and direct most people.
• 1:06:18
  It's a two-part course. First part is why Bitcoin?
• 1:06:21
  So you know, as an electrician, I spent over a year, 20 hours a
• 1:06:26
  week studying financial markets and investing before I invested
• 1:06:30
  a single dollar. And that's ultimately how I came
• 1:06:31
  to Bitcoin. But I was like, well, I I
• 1:06:33
  realized that a lot of my friends and family won't, won't
• 1:06:36
  do that, don't have the time. They're too exhausted.
• 1:06:39
  Both mum and dad are in, in, in school.
• 1:06:41
  So how do we distil sorry in in in work all day And the kids are
• 1:06:44
  in daycare, right? So they're too exhausted by the
• 1:06:46
  end of the night to go and read thousands of hours worth of
• 1:06:49
  books. So how do we distil that down
• 1:06:52
  into really simple to understand concept into a essentially,
• 1:06:56
  what's a four hour course? And then Part 2 was a like, OK,
• 1:06:59
  well, if you're going to consider Bitcoin, we know it's
• 1:07:02
  volatile through the short term. What are some of the things that
• 1:07:05
  we can teach people around the concept around Bitcoin to
• 1:07:08
  understand just enough to ignore the fight, ignore all the
• 1:07:11
  negative news, Press look under the hood and go look TikTok next
• 1:07:15
  block. There's nothing wrong.
• 1:07:16
  I can you know go away and beep beep, be comfortable to ignore
• 1:07:20
  all of the noise that's surrounding the outside.
• 1:07:23
  So that's Part 2 of the course is is Bitcoin's history you know
• 1:07:26
  who's Satoshi Nakamoto is. Why is centralization important
• 1:07:30
  Decentralization important what What is public private key
• 1:07:34
  cryptography. What are no it's what are mine
• 1:07:36
  is so just really trying to distil down how Bitcoin works
• 1:07:40
  just so that you're comfortable in in what you own.
• 1:07:43
  Love it. Love it.
• 1:07:44
  Love it. And this is this just re like an
• 1:07:51
  extrapolation of the book? B is for Bitcoin Is is that what
• 1:07:54
  I'm seeing here or is this B is for Bitcoin right here?
• 1:07:57
  So B is for Bitcoin is essentially Part 2 of that
• 1:07:59
  course. So the the book's available on
• 1:08:02
  Amazon. It's via ebook or or printed
• 1:08:04
  version, Not that, not that one. Sorry, that's different one.
• 1:08:08
  There's two books, Bees for Bitcoin with the Orange.
• 1:08:10
  I'll find it. I'll find it.
• 1:08:11
  Yeah. So it's, yes, basically Part 2
• 1:08:16
  of that course. So if you can afford the Sats
• 1:08:17
  and support what we're doing in the education efforts,
• 1:08:20
  absolutely. By the book, by a couple handing
• 1:08:22
  it to your friends and family. But if you can't afford the
• 1:08:25
  stats and you just want the knowledge, it's Part 2 of the
• 1:08:27
  course and it's free. That's the book there.
• 1:08:28
  Yep. Let's go, let's go.
• 1:08:30
  OK, So what? What?
• 1:08:31
  Uh, what exactly? Is there some some things that
• 1:08:35
  you can talk about? What what are you getting when
• 1:08:37
  you get the book B for Bitcoin or rather you kind of went over
• 1:08:40
  what what exactly is in the course?
• 1:08:42
  So just the TLDR again, what is in the course and what will
• 1:08:46
  people learn specifically? OK, so the course is the two
• 1:08:50
  parts, the Y of Bitcoin and the how of Bitcoin B is for Bitcoin.
• 1:08:53
  The book is Part 2 of that course.
• 1:08:54
  It's the how of Bitcoin, So how it works, what's under the hood,
• 1:08:58
  you know, all of those all of those things like I mentioned
• 1:09:00
  with private public key cryptography.
• 1:09:02
  Again, just trying to distill down, convey quite complex
• 1:09:05
  topics into just everyday language that people can
• 1:09:07
  understand and and and get a good grok of what this Bitcoin
• 1:09:10
  thing is and how it works. Love it, love it.
• 1:09:13
  Okay and the last thing I do wanna talk about.
• 1:09:15
  It's a little off topic, but not to really put your whole Bitcoin
• 1:09:18
  journey on the spotlight right now.
• 1:09:22
  But before the show, we did talk about how good Bitcoin content
• 1:09:26
  has became and how much easier it is to become a bitcoiner
• 1:09:31
  today. And that's just a testament to
• 1:09:33
  all the Bitcoin content out there.
• 1:09:35
  So I'd like for you to touch on that a little bit.
• 1:09:37
  And you are an educator, You're a content creator as well.
• 1:09:40
  So you know the whole journey from being orange peeled to
• 1:09:44
  starting to orange peeled. So maybe let's just double down
• 1:09:47
  on that and then we'll wrap this one up for today.
• 1:09:49
  Yeah, I'm I'm happy to share my background too.
• 1:09:51
  So I'm a relatively new Bitcoin a class of 2020, was studying it
• 1:09:55
  in 2019 but didn't buy my first Sats till the sort of the the
• 1:09:58
  the market spew of 2020. So.
• 1:10:00
  But when I fell down I fell down really really hard and really
• 1:10:03
  quite quickly. And I'm very grateful for the
• 1:10:04
  even the content that was around in 2020 because it enabled me to
• 1:10:08
  fall down that rabbit hole really really quickly and even
• 1:10:11
  pass through. Of course the shit coin phase
• 1:10:13
  that most people go through but was able to get through that
• 1:10:16
  relatively quickly and realize that Bitcoin is is the only sort
• 1:10:19
  of place that I want to spend my time and energy in in from that
• 1:10:23
  investment lens. Even like looking around the
• 1:10:24
  landscape when you know that the money is corrupt, when you know
• 1:10:27
  that the money is Co opted, when you know that the interest rates
• 1:10:30
  are manipulated, you you realize that we're not operating in a
• 1:10:33
  free market. And Bitcoin is really the only
• 1:10:35
  signal to say this is still a a free market because it's outside
• 1:10:38
  of the control of anyone central body. 100%.
• 1:10:42
  So grateful for the, you know, the plethora of information.
• 1:10:45
  It's just getting more. It's just getting better.
• 1:10:47
  It's getting more extinct and we're able to deliver that
• 1:10:49
  orange pill really, really easily and and quickly now.
• 1:10:52
  Love it, man. Totally agree.
• 1:10:55
  I I say it all the time. Like today.
• 1:10:58
  People don't have the excuse of going down the shit corn rabbit
• 1:11:02
  hole. Unless they are very open with
• 1:11:05
  the fact that they just want to gamble at a shit coin casino, if
• 1:11:08
  you ask yourself what Bitcoin really is, then you can get the
• 1:11:12
  message a lot quicker. And that's a testament to
• 1:11:14
  everyone of you guys out there tweeting, all of us creating
• 1:11:17
  content, creating education courses.
• 1:11:20
  All this stuff definitely helps and I just highly recommend
• 1:11:24
  everyone tries to do this. Whether whether you just shill
• 1:11:28
  what you know DAZ is making or send them to simply Bitcoin.
• 1:11:32
  The Bitcoin only content is super strong and I just I don't
• 1:11:35
  think people have the excuse to go down the shit coin rabbit
• 1:11:37
  hole anymore unless they know that they're gambling out there.
• 1:11:40
  OK, DAZ, really appreciate this, but what's the final message you
• 1:11:45
  want to leave with the audience? It could be plug in licking
• 1:11:48
  glass. It could be plug in whatever
• 1:11:50
  you're working on, or just life lessons, or one last rant about
• 1:11:54
  Bitcoin. Whatever you want to, whatever
• 1:11:55
  you want to leave the audience with.
• 1:11:57
  Self custody, Got to get self custody, got to get that
• 1:12:00
  knowledge, you know, and there's so many options.
• 1:12:02
  That's probably the other thing I'm really bullish about this
• 1:12:04
  cycle is there's so many good options now to give get you a
• 1:12:08
  hand and get you access. So add looking glass as well.
• 1:12:10
  We've got to service called Coddle if you do need a hand to
• 1:12:13
  work out what your best self custody option is, free
• 1:12:16
  consultation for anyone on this. If you want to sit down with Seb
• 1:12:19
  or myself or Dahlia or or Jordan in our team, we can sit you down
• 1:12:22
  and work out your best custody solution.
• 1:12:24
  And we also partner with the Bitcoin Advisor.
• 1:12:26
  It's a collaborative custody offering and inheritance
• 1:12:28
  planning and it's really quite a good wealth preservation tool
• 1:12:32
  and something that everybody should consider.
• 1:12:34
  Particularly if you've been stacking sats.
• 1:12:36
  You need to think about who you're leaving behind if
• 1:12:38
  something does happen to you tomorrow.
• 1:12:40
  Does your loved one does your executor of your will, Do you
• 1:12:43
  have a will? You know you need to be thinking
• 1:12:45
  about these things because you know if you're a bitcoiner and
• 1:12:47
  you're here now, you will be a high net worth individual.
• 1:12:49
  It's only a matter of time you know whether it's this cycle or
• 1:12:52
  its next cycle. The longer you're here, the more
• 1:12:54
  wealthy you will become and you just start thinking about like a
• 1:12:57
  wealthy person. Totally agree.
• 1:12:59
  Hold on for the audio listeners out there guys.
• 1:13:03
  Go to lookingglasseducation.com if that interests you and Daz
• 1:13:08
  really appreciate it. I think that was a jam packed
• 1:13:10
  rip right there. So absolutely incredible.
• 1:13:13
  We'll have to bring you on again once we get some more energy
• 1:13:15
  related news coming up so that we can we can touch on those
• 1:13:19
  stuff. But I don't know Anika, you want
• 1:13:21
  to jump in here or where? Where are you at right now?
• 1:13:23
  We wrapping this up. Let's wrap it up DAW's
• 1:13:26
  incredible drop in the hot fire and let's get let's get you back
• 1:13:31
  on the show. Opti and I are going to be on
• 1:13:34
  the road starting tomorrow, so we're going to be live streaming
• 1:13:38
  from Montreal, Canada tomorrow. Simply Bitcoin Live.
• 1:13:41
  I think I'm gonna be holding it down solo with our guests.
• 1:13:43
  Maybe we'll get Sophie to do a guest appearance.
• 1:13:45
  I'll see you. Thursday, but we'll be live
• 1:13:48
  streaming Thursday and Friday from Montreal, Canada and the
• 1:13:51
  Canadian Bitcoin Conference, which are gonna be live
• 1:13:53
  streaming from the Simply Bitcoin Show tomorrow.
• 1:13:57
  I mean, starting Friday and Saturday, which would be
• 1:14:01
  absolutely awesome. It's going to be an absolute
• 1:14:03
  party, guys. Very, very excited.
• 1:14:05
  We're going to be dropping some great content for you guys as
• 1:14:07
  well. So stay tuned.
• 1:14:09
  Love you all. If you guys enjoyed the show,
• 1:14:10
  you know what to do. Smash the like button.
• 1:14:12
  Consider subscribing if you feel like we provided you value.
• 1:14:15
  One last Technica sorry not to hit you off, Daz, can you plug
• 1:14:18
  your Twitter for people to follow you?
• 1:14:20
  It's on the screen but for the audio listeners.
• 1:14:22
  Yeah, at DAZBEA, thank you. And at Daz on Nosta.
• 1:14:28
  Beautiful. All right, everybody.
• 1:14:31
  Love you all. See you guys on the other side.
• 1:14:34
  Peace out, everybody. Cheers.
• 1:14:36
  Boys. This episode was brought to you
• 1:14:38
  by bitcoinwell.com on a mission to enable independence.