Latest / Simply Bitcoin / BITCOIN BREAKS ALL TIME HIGH - What's Next? | EP 1116
Transcript
- 0:00Yeah. I'm gonna simply Bitcoin $120
- 0:03million worth of Bitcoin shorts were just liquid in the last 24
- 0:07hours alone, taking the Bitcoin price to an all time high of
- 0:11$85,000. CNNBC and Bloomberg have
- 0:15headlines talking about how the Trump victory potentially took
- 0:20the price to all time highs. They're they're calling it the
- 0:23so-called Trump pump. Bernstein analysts are begging
- 0:27their clients to jump on the Bitcoin to get exposure to
- 0:31Bitcoin. Is the supposed super cycle
- 0:34starting? Is this a new phase in bitcoins
- 0:37history? Well, you're going to want to
- 0:39stay tuned for the whole show because we have so much Bitcoin
- 0:42used for you guys and guys we're in freedom country and I'm
- 0:45sitting next to my legendary Co host the Optimus fields in front
- 0:49of the volcano in San Salvador. Anyways Opti how?
- 0:54You doing? Man, this was pretty crazy this
- 0:55morning, getting everything set up, you know, just.
- 0:58But it worked out in the end I guess.
- 1:00Yeah, I mean, hey, guys, forgive us for being a couple minutes
- 1:03late, but you're used to it by now.
- 1:04But we got a good view here, you know, we're in El Salvador and
- 1:07San Salvador. We got a volcano.
- 1:09I'm. I'm starting to sweat, man.
- 1:11I don't know. It's going to be a good show, A
- 1:14good show. So let's bring in our guests,
- 1:16Nico. Absolutely.
- 1:19All right, everybody let's we have the our friends from
- 1:23Bitracer. Is that correct Opti?
- 1:25All right, awesome. Well, let's jump straight into
- 1:28the news. Ladies and gentlemen, we have
- 1:29lots of stuff to talk about. So first let's check out this
- 1:34article by Umberg. Bitcoin soars about above
- 1:3884,000. That's already broken.
- 1:40That's a it's already that's fake news.
- 1:42It's 85 K, but they're essentially connecting this with
- 1:46the Trump win, and they're saying that the Trump win is.
- 1:51Boosting the crypto prospects. I mean, of course this makes
- 1:54sense. We remember what Trump said at
- 1:56the Bitcoin conference saying I'll have fun with the bitcoins,
- 1:59I'll fire Gary Genser, I'll protect the right to self
- 2:01custody. And most importantly, and I
- 2:04think this is going to be absolutely massive, the
- 2:07so-called Bitcoin strategic reserve for the United States.
- 2:11Cynthia Lummis has been making lots of noise about it.
- 2:14And the Republicans have control of the House, they have control
- 2:19of the Senate and of course they have control of the executive
- 2:22branch of the presidency. So there is a, if you look at
- 2:25Poly market, they're giving it about a 30% chance that this
- 2:29so-called Bitcoin strategic reserve happens in the United
- 2:32States. Very, very exciting stuff.
- 2:34Anyways, let's get to some of the article.
- 2:36It says Bitcoin rallied past 84,000 for the first time,
- 2:40boosted by President-elect Donald Trump, Trump's embrace of
- 2:43digital assets and the prospect of Congress featuring pro crypto
- 2:47lawmakers. And something else to keep in
- 2:49mind, Ladies and gentlemen, 48 out of the 48 crypto, pro
- 2:54crypto, the Congress people were elected into office.
- 2:59And I have to give credit where credit is due.
- 3:01Shout out to the Satoshi action fund, Dennis Porter, shout out
- 3:05to the Bitcoin Policy Institute, David Zell and Bitcoin magazine.
- 3:09And I know this might be unpopular with a lot of
- 3:11Bitcoiners, but shout out to Coinbase.
- 3:13They really, really put a lot of lobbying money into Washington,
- 3:18DC and a lot of to these competitive races so that pro
- 3:22Bitcoin candidates would go into office.
- 3:25Unfortunately, Elizabeth Warren did win her election, but I
- 3:29mean, we did give her a run for her money.
- 3:31Anyways. It goes on to say Trump was
- 3:33declared the winner in Arizona, making a clean sweep of the
- 3:36seven US battleground states. His decisive victory in the
- 3:40presidential election has prompted celebratory chest
- 3:44thumping from the digital assets.
- 3:46Industry, which spent over $100 million backing a range of
- 3:51crypto. Friendly candidates.
- 3:53That's right, ladies and gentlemen, we are now part of
- 3:56the donor base. So I'm going to keep in mind,
- 3:58because I see this a lot in the chat, it's not that Bitcoin
- 4:01needs pro Bitcoin politicians to succeed.
- 4:05Politicians now need Bitcoin to succeed because now let our
- 4:09industry $100 million worth of donations anyways, he goes on to
- 4:12say quote With the dust from Trump's victory still settling
- 4:17down, it was only a matter of time before a run up of some
- 4:20sort occurred given the perception of Trump being.
- 4:23Pro crypto and that's what we're seeing now.
- 4:26I completely 100% agree. Also, this isn't just an
- 4:32isolated event. We have Bernstein, a huge
- 4:37analyst, emphasizing that his clients people should get
- 4:42exposure to Bitcoin and just to. Kind of give you guys a
- 4:44perspective. This article dropped November
- 4:4711th and it says 82,000 the title we're at 85 K.
- 4:52The run up has been absolutely bonkers and guys just just have
- 4:58some patience because if if history.
- 5:01Repeats, we still have about 10 months of this Bitcoin bull
- 5:05market action. Now I'm going to drop a little
- 5:07bit of a speculation here and I'm going to say that look, I
- 5:11think I think that the and and I'm not.
- 5:14The only one to to say this as well, Doctor Jeff Ross has said
- 5:17this I think that the Bitcoin 2021 bull market was cut short.
- 5:22Why was it cut short? It was cut short because of the
- 5:25China mining ban. If you take a look at the hash
- 5:28rate and the price, there's a direct correlation between the
- 5:31hash rate dropping off a Cliff and then the price following
- 5:34shortly after. Now why would the hash rate
- 5:36impact the price? Well, all those miners that were
- 5:39located in China had to sell the their miners and the
- 5:42infrastructure in order to relocate.
- 5:45To more favorable jurisdictions, I don't think that's going to be
- 5:48the. Case this time around why we
- 5:51just had the governor of Texas basically saying I want Texas to
- 5:54be the Bitcoin mining capital of the world.
- 5:56We have Trump basically saying I want the United States to be the
- 5:59Bitcoin capital of the world. So I don't think we'll have a
- 6:01mining mining ban this time around.
- 6:04And if you take a look at the, the teal line in the chat, it
- 6:09looks like, you know, that's the 2017 pump.
- 6:12That's where we went from January from $1000 all the way
- 6:15to 20 K. Now we're going to get a 20X
- 6:17this year, you know, diminishing returns, law of big numbers.
- 6:22But I mean, a 5X would be, you know, absolutely bonkers.
- 6:25And Bitcoin tends to do the exact opposite of what everyone
- 6:28anticipates anyways. Opti very, very exciting times,
- 6:32man. I mean, bro, we survived 8
- 6:35months of chip solidation. It was like we were like bumping
- 6:39our heads, you know, we were like going a little bit insane.
- 6:42And I'm sure a lot of you guys, you guys are Bitcoiners.
- 6:44You guys are kind of experiencing very similar
- 6:46things. What's your take, man?
- 6:47It feels good and it feels good that we're in freedom country
- 6:50for this. And of course, we're going to be
- 6:52live streaming the entire Adopting Bitcoin conference for
- 6:55you guys later on this week, specifically starting on Friday
- 6:59and on Saturday as well. Opti.
- 7:00Yeah, well, obviously we made it, boys.
- 7:03It feels really good. I'm sure there's some exuberance
- 7:06back home. I'm sure you guys are getting
- 7:08hyped. I know this morning we got a
- 7:09little hyped. We are looking at the price.
- 7:10We were like kind of tracking as we were getting the show ready.
- 7:13We're like, OK, 82 K wait, no, it's 83 K Wait, no, it's 80 4K
- 7:17like wait, it's 85 K. Here we are guys.
- 7:20It looks like we are in price discovery mode.
- 7:22And one thing we were kind of mentioning before the show, it's
- 7:24actually a bank holiday right now.
- 7:26The banks are closed. Wall Street is out.
- 7:28They're not even at the office right now.
- 7:30So they can't trade this Bitcoin.
- 7:32This has to be, you know, was is this sailor because he announced
- 7:36his buy in Bitcoin. There's rumors that nation state
- 7:39had is is stacking Bitcoin. All I know is that weekend pumps
- 7:43are back on the table, boys and girls, which means we are in the
- 7:47Bitcoin bull market. This is the last leg of the bull
- 7:49market. This is where it gets really
- 7:51fun, where it pumps out, you know, Friday, once Wall Street
- 7:53closes pumps all weekend, once Monday comes around, or rather,
- 7:57you know, once they come back into the office, it starts to
- 7:59dump. I think they're back on the
- 8:01table. I'm getting excited.
- 8:03It feels really good to be back. And man, it, it has been a
- 8:06prude, pretty brutal bear market considering that we were all in
- 8:10on Bitcoin and, you know, surviving on Bitcoin when it
- 8:13loses, what, 70% of its purchasing power?
- 8:15It's not the fun ride out there, but hey, we made it.
- 8:19Congratulations to every single one of you.
- 8:21If no one in your family is saying that they're proud for
- 8:24huddling the bear market, I will be the first one to say it to
- 8:26you guys. So proud of you.
- 8:30It's going to get crazy from here.
- 8:32But one thing I do kind of want to mention and shouts out to
- 8:34Jacob, because he's really been on this beat the last couple of
- 8:37days since we got in El Salvador.
- 8:39It is interesting that Bloomberg and all of the corporate press
- 8:43are trying to make Bitcoin a partisan issue.
- 8:45They're trying to blame you, Trump, for all of this pumping.
- 8:48Whereas a Bitcoin, they were like, it's just a having cycle.
- 8:50It's playing out exactly as we knew it was.
- 8:54Yes, it's happening now. It's not necessarily just a
- 8:56Trump pump, yes, where there's some exuberance because Trump's
- 8:58going back into office, but Bitcoins just doing Bitcoin
- 9:02things. And hey, This is why we're here.
- 9:04I think that if Kamala were to get elected, I think that there
- 9:09would have been a temporary dump for sure, but there would have
- 9:12been a recovery without a shadow of a doubt.
- 9:14So, and look, we are exactly where we've been every single
- 9:19other cycle. Nothing has changed.
- 9:21So anyways, I do want to get the opinion of our guest, Chris
- 9:26Bitracer. How you guys doing?
- 9:28What are your thoughts on this? I mean, it's a long time coming.
- 9:31This, this chip solidation of eight months, you know, I think
- 9:34the introduction of the ETFs man.
- 9:37Just just made it, got the party started a little bit too early,
- 9:41you know, hitting that all time high I think goes in like March
- 9:44and you know, we just had to go sideways.
- 9:46But I'll tell you what guys, if we kept going, if we just kept
- 9:50hitting all time highs and we wouldn't have stopped in March,
- 9:54I think that would have, that would have caused a left
- 9:58translated cycle we would have. Peaked a lot earlier and I think
- 10:00we would have peaked a lot lower, but the fact that we've
- 10:03been going sideways for eight months essentially, essentially
- 10:07we now have a floor we've. Built this very very strong
- 10:11floor. Anyways, gentlemen from
- 10:13Bitracer, what are your guys thoughts on everything that's
- 10:15going on? Is the sound OK?
- 10:22Yes, you're, you guys are good, perfect.
- 10:25So it's actually Bitcoin racing. Just to do a small correction
- 10:28there, we've got it here. So my name is Charlie and this
- 10:32is Chris. He's our, he's our driver for
- 10:33the team. And obviously we're racing in
- 10:35the UK at the moment. And actually when we started the
- 10:39team, it was around three years ago and literally the day we had
- 10:42our first race, the market just started dumping.
- 10:46So we have been racing and doing this project the whole time
- 10:49through a complete bear market, which has been, you know, not
- 10:52very helpful because when you're racing team, you need a lot of
- 10:55resources to pay for all the tyres and the fuel and things
- 10:58like that. So I always say, I think we
- 11:01actually started the bear market.
- 11:02It was purely our fault. So I need to apologise to all of
- 11:05you and that, but I mean, it's obviously been nice having eight
- 11:09months for everyone here to stack SAT's and you know,
- 11:12increase the party stockpile of Bitcoin that we've got because
- 11:16everyone always ends up saying no, we've never had, we never
- 11:18managed to get enough Bitcoin into the stack.
- 11:21So I think we've been quite lucky.
- 11:23And obviously, as as you guys have mentioned, now that we
- 11:27don't have Gensler and all these other people's against Bitcoin,
- 11:31Elizabeth Warren is truly going to be put back into a place and
- 11:35the stars are aligning for Bitcoin to go absolutely crazy.
- 11:38And to be honest, I don't even know where we would even predict
- 11:42the price to go. It's just it could get
- 11:45absolutely crazy. So I think it's well deserved
- 11:48for everyone staying humble. It's been a really difficult
- 11:52three years for maybe a lot of people.
- 11:54Some have loved it who love to get more Bitcoin.
- 11:56But in general, we think it's exciting time for the future.
- 12:01100 percent, 100% completely agree with that.
- 12:04And also, gentlemen, thank you so much for joining us as well.
- 12:07Sorry for pronouncing that incorrectly.
- 12:10We had a crazies trying to sign a.
- 12:12Set. This up in time for you guys you
- 12:15know in the morning and so it was a little bit hectic, but
- 12:18thank you guys for joining us and I think it's it's it's you
- 12:21guys are true bitcoiners because you guys continue to do what you
- 12:25were doing continue to build in the bear market and that's
- 12:29exactly what bitcoiners anyways guys stay tuned it's going to be
- 12:33an incredible show but before we jump into it I do want to give a
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- 14:53All right, everybody, let's get to the numbers.
- 14:55Lots to talk about. Let's check it out.
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- 16:38At the time of recording, the Bitcoin price is $84,870, Block
- 16:42height 869,874 Sats per Dollar 1178 Market cap 1.6. 8 trillion
- 16:52Bitcoin price in gold 32.7 oz Bitcoin versus gold market cap
- 16:579.3% almost at 10% percentage issued 94.19% decline from all
- 17:04time high. Love this point 1%.
- 17:07And of course forward monetary inflation .84% and realized
- 17:11monetary inflation 1.23%. Continue to take Fiat currencies
- 17:15to absolute. Wait wait, Nico correct that the
- 17:17decline from all time high is -.1%?
- 17:20Oh, I apologize. Thank you.
- 17:24All right, any, everyone, let's let's get straight into it.
- 17:27So we had a crazy, crazy kind of election cycle and I'm so glad
- 17:33that we don't have to talk about politics anymore.
- 17:35Maybe I'm saying that too soon, but what happened with the Trump
- 17:41win was not only Trump winning and you know, more a pro Bitcoin
- 17:47candidate getting into office, but it was also the death of
- 17:51legacy media. You have to understand, for the
- 17:53last nine years, they've been throwing everything at this man.
- 17:59You know, you, you heard that towards the end, it was like,
- 18:02he's a fascist, he's a racist, like everything you can imagine.
- 18:06And here's the thing, it, it was working in the beginning, in the
- 18:09first early years when they were telling all they were, you know,
- 18:13they're convincing everybody about all these things, about
- 18:16Trump. A lot of people were buying into
- 18:18it. But as time progressed, it, it
- 18:21started losing its effect. And now I believe that by 2028,
- 18:27the debates and the conversations that these people
- 18:30that are running into office, that the people.
- 18:33That are running into office for they're going to happen on
- 18:35podcast, they're going to happen on Joe Rogan.
- 18:37You're going to have the debate and the news coming from the new
- 18:43town square it's going to come from.
- 18:44X It's going to come from Noster.
- 18:46It's going to come from YouTube. This is the rise of citizen
- 18:50journalism. It's no longer.
- 18:53The narrative is no longer controlled by a handful of TV
- 18:56editors or newspaper editors. It's controlled by the people,
- 19:01as it should be. This is the introduction into
- 19:04the information age, just as was predicted by the book The
- 19:09Sovereign Sovereign Individual. Anyways, independent media won
- 19:13this election hands down. The fact that Trump's interview
- 19:17with Joe Rogan had 50 million views on YouTube and it was
- 19:21still censored by YouTube. They were shadow banning it.
- 19:24Tells you how powerful these independent content creators
- 19:29platforms have become and it and it literally it makes legacy
- 19:34media numbers look stupid. So this is something that I want
- 19:37you guys to understand. You are now the media and on.
- 19:42You are the media, so every tweet, every post.
- 19:46Every video that you make, it makes a difference.
- 19:50And they're losing control and they know it.
- 19:52They've even admitted to it. Here's a Hillary Clinton clip of
- 19:55literally saying this. Let's check it out.
- 19:59Forms, whether it's Facebook or Twitter X or Instagram or
- 20:04TikTok, whatever they are, if they don't moderate and monitor
- 20:09the content, we lose total control.
- 20:12And it's not just the social and psychological effects, it's real
- 20:16harm. So I mean, like she, she's
- 20:21literally admitting it, right? You lose total control.
- 20:23What does that mean? And then again, here's a Peter
- 20:27McCormack, the host of I think he changed.
- 20:29It's not what one did anymore. It's Mr. Obnoxious.
- 20:32And you know, if you are to believe the so-called mainstream
- 20:37media, which not mainstream media, legacy media, they're
- 20:40trying to convince you that Trump was a fascist, that Trump
- 20:43was a tyrant, that Trump was all these things, I'll let you guys
- 20:48decide. I don't know if we'll have time
- 20:50to play the entire clip, but let me know if you think this is
- 20:53what a fascist or an authoritarian would do.
- 20:57I think this is a classic case. Of projection anyway, so let's
- 21:02check it out. If we don't have free speech,
- 21:04then we just don't have a free country.
- 21:07It's as simple as that. If this most fundamental right
- 21:10is allowed to perish, then the rest of our rights and liberties
- 21:14will topple. Just like Domino's 1 by 1.
- 21:18They'll go down. That's why today I'm announcing
- 21:21my plan to shatter the left wing censorship regime and to reclaim
- 21:26the right to free speech for all Americans.
- 21:29And reclaim is a very important word in this case because
- 21:33they've taken it away. In recent weeks, bombshell
- 21:37reports have confirmed that a sinister group of Deep State
- 21:40bureaucrats, Silicon Valley tyrants, left wing activists,
- 21:45and depraved corporate news media have been conspiring to
- 21:50manipulate and silence the American people.
- 21:53They have collaborated to suppress vital information on
- 21:57everything from elections to public health.
- 22:00The censorship cartel must be dismantled and destroyed, and it
- 22:06must happen immediately. And here's my plan.
- 22:10First, within hours of my inauguration, I will sign an
- 22:14executive order banning any federal department or agency
- 22:18from colluding with any organization, business or person
- 22:21to censor, limit, categorize, or impede the lawful speech of
- 22:27American citizens. I will then ban federal money
- 22:30from being used to label domestic speech as miss or
- 22:35disinformation. And I will begin the process of
- 22:39identifying and firing every federal bureaucrat who has
- 22:43engaged in domestic censorship, directly or indirectly, whether
- 22:48they are the Department of Homeland Security, the
- 22:51Department of Health, Human Services, the FBI, the DOJ, no
- 22:56matter who they are. Second, I will order the
- 22:59Department of Justice to investigate all parties involved
- 23:03in the new online censorship regime, which is absolutely
- 23:08destructive and terrible. So, you know, first of all,
- 23:13Trump's hilarious when he talks #2 does that sound like a
- 23:17fascist and authoritarian? So again, you know, accuse your
- 23:22enemy of what it is you are guilty of yourself.
- 23:26And it's a classic case of projection.
- 23:28And I'm I'm telling you guys, it's not a coincidence that the
- 23:31president. Who wants to protect self
- 23:33custody, who wants a Bitcoin industry to thrive is also the
- 23:37president that is protecting free speech.
- 23:41And that's because Bitcoin and free speech go hand in hand.
- 23:46You can't have Bitcoin and not have free speech.
- 23:49I mean, it, it works very similar.
- 23:51Think about it. So free speech, it isn't
- 23:53perfect. It's a little bit messy.
- 23:55You know, a lot of things could be said that potentially, you
- 23:59know, could, could hurt people's feelings.
- 24:02But what the alternative is, is a elite, a bureaucratic elite in
- 24:07government that get to get to decide what is truth and what is
- 24:12not. Truth and the problem is that
- 24:13history has shown is that they use that to create a political
- 24:17Moat to go after their opponents.
- 24:20Bitcoin works very similar. You have to be OK with even your
- 24:24worst enemy using Bitcoin and benefiting from Bitcoin.
- 24:30So if you think they're not OK with you speaking freely on the
- 24:33Internet, what makes you think they would be OK with you
- 24:37transacting freely on the Internet anyways?
- 24:40Opti historic times, I mean, we've been talking about this
- 24:44theme, this concept. We call it the disintermediation
- 24:47of information and the disintermediation of money.
- 24:50I think we have completed the disintermediation of
- 24:54information. I think we've gone over the hump
- 24:56and it's going to be bright in terms of free speech on the
- 24:59Internet. And of course, we have protocols
- 25:01like Noster acting as the Alamo. But the battle at hand, what's
- 25:05in front and I think it's going to be a little bit more messy,
- 25:08is the disintermediation of money, the so-called separation
- 25:12of money in state Opti. What are your thoughts?
- 25:14Yeah, obviously we are free speech, Maxis.
- 25:17I love free speech. You know, I say crazy stuff.
- 25:20So obviously I want more free speech because I don't want to
- 25:23end up in the gulags. But you can tell we've been
- 25:26seeing this play out for the last four years just how crazy
- 25:29there has been on how crazy it's been on the Internet because of
- 25:32all of us communicating peer-to-peer.
- 25:34And so, yes, you know, I would love to see Trump actually, you
- 25:39know, open up free speech on the platform or rather in the US in
- 25:42general, considering, you know, this is the home of the brave.
- 25:44We have the 1st Amendment. And we remember last week or two
- 25:47weeks ago, we, we were covering all of the Democrats basically
- 25:50saying like, we've lost control. We need to clamp down on
- 25:53misinformation on the Internet because, you know, you guys
- 25:56can't think for yourselves. We need to control this.
- 25:59There's too much crazy stuff going on.
- 26:01And I mean, we always bring this back on the show because we do.
- 26:04We do see some people every once in a while that come to the show
- 26:07for their first time and they're like, I thought this was a
- 26:10Bitcoin show. Why are you guys talking about
- 26:11free speech? But we say it all the time, if
- 26:14they clamp down on free speech, what makes you think that
- 26:16they're going to allow you to transact freely?
- 26:18And obviously Bitcoin is a free speech issue.
- 26:20It's literally codes, it's ones and zeros.
- 26:22It's it's a free First Amendment issue, at least in the US.
- 26:26And so obviously we love and we always push this idea of free
- 26:30speech and like, let's not forget what platform we are
- 26:32right now. You know, we got to watch our
- 26:34words a little bit here or there because we want to maintain our
- 26:36channel here. But we would love to have a lot
- 26:39more freedom to say things that we believe is the truth without
- 26:43this whole, you know, overbearing nanny state telling
- 26:46us, Oh, you can't say this, this is misinformation.
- 26:49You need to get de platform. And we always say it.
- 26:51Look, if they can de platform you for the things that you say
- 26:55that also connects to your transactions in your banking,
- 26:59because they can also debank you for the things that you said.
- 27:01We've seen this play out this last year.
- 27:03We've seen this play out in previous years.
- 27:05And now it seems like maybe we're going to get a better a
- 27:08better, you know, feel to play here where you can say stuff on
- 27:12the Internet, speak the truth and you're not not going to get
- 27:14kicked out of your banks. But either way, Bitcoin is
- 27:17unaffected. If you do get D banks, you can
- 27:19just go on the Bitcoin network and hey, no one can shut you off
- 27:23the Bitcoin network. This is why we love it so much.
- 27:25Anyways, let's pass it over to our guest.
- 27:28This is going to be a, you know, a different perspective.
- 27:31We're Americans. You guys are in the UK.
- 27:33So what's your thoughts on this? We've been seeing the crazy
- 27:36stuff going on in your country. Yeah, no, we, we were so excited
- 27:40to see Trump actually won this election.
- 27:43We thought we did feel it would be stolen again and you know, in
- 27:48could. We say that now I'm.
- 27:49Sorry. Let's say there was election
- 27:52discrepancies. Exactly, Yeah.
- 27:56But I mean so. So.
- 27:57Some people believe. There was election
- 27:59discrepancies, just to clarify you too.
- 28:02Sorry. Yeah.
- 28:03Oh my goodness. I know what happened with this
- 28:05channel. OK, I need to watch out right?
- 28:08So I mean in the UK we censorship is still probably
- 28:12very much alive in my opinion. There has recently been people
- 28:16arrested for opinions put out on social media and our government
- 28:21is probably the direct opposite of the one you're about to
- 28:23receive. So in the UK things aren't
- 28:27looking as bright, but it's amazing to see.
- 28:29Obviously the US is a superpower and hopefully these ideals,
- 28:35freedom of speech, other governments and countries will
- 28:37see how well it works. And hopefully the UK adopts a
- 28:43more right wing approach like you guys have.
- 28:46And we, we kind of were first had our eyes open to how the
- 28:51media is censored during the COVID pandemic.
- 28:54I don't know if that's going to get a bit too deep as well.
- 28:57I know we are on YouTube, but that's just when we realise that
- 29:00there's a lot of control going on and how easily it is to sway
- 29:05people and make them actually believe what they see on the
- 29:07media is true, rather than actually putting in their own
- 29:11work to to verify if the sources of information are correct.
- 29:16So, so that was a scary time. But I think the US is, you know,
- 29:19you've almost been liberated from.
- 29:22What could have turned out to be?
- 29:23Quite, quite a nasty four years so.
- 29:27So yeah, it's looking good. Yeah, it's, you know, it's,
- 29:30it's, it's interesting, like in in the UK, like you saw those
- 29:34videos of, of, of like people essentially getting jailed for
- 29:38what they were saying on, on Facebook and stuff like that.
- 29:41And you know. I see people in the chat, I I
- 29:44don't think this is a left and right thing.
- 29:47You know, history has shown that, you know, free speech is,
- 29:50is good. This is how countries flourish.
- 29:53When you have elites dictating what is truth and what is not
- 29:57true, that is a very slippery slope.
- 29:59That's why what what was happening during the pandemic,
- 30:02you know, they were like, hey, trust the official media
- 30:05sources. The official media sources got
- 30:08it wrong a lot of the time and they had no consequences, like
- 30:12there was no consequences to them getting it wrong.
- 30:15But the, you know, average everyday person, you know,
- 30:18posting their thoughts on X would just get, you know,
- 30:21completely the platform very, very quickly.
- 30:24So I'm, I'm very, very happy that, you know, Elon stepped in,
- 30:28he bought X and that made a huge, huge impact.
- 30:33So. Can't thank Elon enough.
- 30:36And let's see what happens anyways.
- 30:38Look, worst case scenario, we have Noster, we have Bitcoin,
- 30:42you know, but again, we want we want we want this to be a
- 30:47worldwide phenomenon, right? And you know, that's why it's so
- 30:50important for platforms like X to take the stance that it has.
- 30:54And I don't think it's a coincidence that it is literally
- 30:57the number one news app, not only in the United States, but
- 31:01many other countries around the world.
- 31:03And I think it's because people are sick and tired.
- 31:06It's of the so-called legacy media and they're tuning into X
- 31:10And what's happening on X is telling them the exact opposite.
- 31:13I mean, this is a Bitcoin show. I remember when they were saying
- 31:16that there was gonna be no inflation.
- 31:18Everyone on X was like, there's gonna be inflation, 'cause
- 31:21there's a record amount of money being printed.
- 31:23And they never admitted to that. They said that was
- 31:25misinformation. The Bitcoiners were right.
- 31:28And there's multiple examples of this happening over and over and
- 31:32over again, especially in the last nine years or so with the,
- 31:36you know, the parabolic rise of social media.
- 31:39You know, there's been so many examples of them just getting it
- 31:42completely wrong. Anyways, guys, we're at 1700
- 31:45live viewers between YouTube Rumble X Noster.
- 31:49You guys are enjoying the show so far.
- 31:52Make sure to smash our like button.
- 31:54If you guys want to support the show, you could stream us some
- 31:57sats on Noster and of course, check out our sponsors and our
- 32:02partners. Anyways, guys, stay tuned.
- 32:05We're going to get to the news. We have lots to talk about.
- 32:07Let's check it out. Here we go.
- 32:11Special shout out to our sponsor Compass Mining.
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- 33:06I want to I give a shout out to our sponsor foundation.
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- 34:01it works. If you want to take self custody
- 34:05of your Bitcoin, you're going to want to get yourself a Harbor
- 34:08wallet. Why we recommend the Passport by
- 34:10Foundation Devices? Opti doesn't have it with them
- 34:13guys. It's literally the size of like
- 34:15the old. Note I don't travel.
- 34:16I don't travel. With it, it's incredibly easy to
- 34:18use. It's, you know, you could pair
- 34:20it up with the Envoy app and it makes spending cold storage
- 34:23Bitcoin easy, but it doesn't sacrifice the security.
- 34:26So again, you want to take self custody of your Bitcoin, self
- 34:31custody as a revolution. Scan the QR code to get started
- 34:34or check the link in the video description.
- 34:38All right, everybody, let's get to today's news.
- 34:42So I want to talk about this because essentially there's a
- 34:45double standard and hopefully the persecution of Bitcoiners in
- 34:51the Bitcoin industry is going to end.
- 34:54And just to kind of give you guys a refresher, we had the
- 34:57operation choke .2 point O that was happening.
- 35:01Murphy, could you put it my camera just on me please?
- 35:04Operation Choke .2 point O that was happening under the Biden
- 35:09administration and this led to the denial of Caitlin Long's
- 35:13federal banking charter, the proposed 30% Bitcoin mining tax,
- 35:17the attack on so-called crypto friendly banks.
- 35:21But most importantly, and the reason that Opti and I started
- 35:24talking about certain political issues was the was the arrest of
- 35:32Bitcoin developers. And it's a very, very slippery
- 35:37slope once you start arresting developers for making open
- 35:43source software. Why?
- 35:45You know what Bitcoin is open source software.
- 35:48I think that if Satoshi was still around today, he'd be in
- 35:51prison because essentially what the DOJ is claiming is that
- 35:56people are using this software to commit to commit crimes.
- 35:59That's the equivalent of saying we're going to charge the gun
- 36:03manufacturers because people that are buying guns are using
- 36:06the guns to commit crimes. Like, and again, you could say,
- 36:10Nico, no, it's different, you know, the the dark web and all
- 36:13that stuff, OK. But there's a different set of
- 36:16standards between what how they treat our industry and how they
- 36:21treat the banking industry for the same crime.
- 36:25And make no mistake, there's been a persecution.
- 36:28CZ the founder and CEO of the largest, you know, crypto
- 36:33Bitcoin exchange around the world, Binance, they said, hey,
- 36:37you broke anti money laundering laws.
- 36:39Arthur Hayes, same thing charged him with a crime, said you broke
- 36:43anti money laundering laws. So I hope that this trend of
- 36:48persecution ends under the Trump administration.
- 36:52I mean, he did promise us in Nashville.
- 36:54That was part of his campaign promise.
- 36:56We shall see what. Happens.
- 36:58But anyways, I hope this ends. And it's not that.
- 37:03It's not that I'm arguing against this whole concept of
- 37:06money laundering bad. What I'm saying is, it's not
- 37:10just this. If one party gets a certain
- 37:14sentence, the banking industry and another party gets another
- 37:17industry. I think it boils down to scare,
- 37:21trying to scare the living daylights out of developers
- 37:25because they can't control Bitcoin.
- 37:27It's a non sovereign alternative form of form of money.
- 37:31I think that's what it fundamentally boils down to.
- 37:34And again, I'm not the only one that that thinks this.
- 37:37The sovereign individual made this thesis as well.
- 37:41The thesis of the sovereign individual was, it says, lacking
- 37:45their accustomed scope to tax and inflate, which is
- 37:48essentially the same thing. Governments in traditionally
- 37:51civil countries will turn nasty. Businesses that offer services
- 37:55that facilitate the realization of autonomy by individuals will
- 37:59be subject to infiltration, sabotage, and disruption.
- 38:03That I think that's what it comes down to fundamentally,
- 38:06right? Anyways, So let's get to today's
- 38:08news and let's share the screen. Thank you, Murphy.
- 38:12So Bitcoin fog operator sentenced for money laundering
- 38:16conspiracy A dual Russian Swedish national sentenced to 12
- 38:20years and six months in prison for his operation of the longest
- 38:24running Bitcoin money laundering service on the dark net.
- 38:27According to court document. It's an evidence presented at
- 38:30trial from 2011 through 2021. Roman Sturgeldoff I hope I
- 38:35pronounced that correctly. 36 was involved in Operation
- 38:39Bitcoin Fog, the dark Nets longest running cryptocurrency
- 38:43mixer. Over the course of its decade
- 38:45long operation, Bitcoin Fog gained notoriety as a go to
- 38:49money laundering service for criminals seeking to hide their
- 38:52illicit proceeds. In addition to his term of
- 38:55imprisonment, Stergloff was sentenced to pay a fortune a
- 39:00forfeiture money judgement in the amount of $395 million and
- 39:06forfeiture of seized cryptocurrencies and money
- 39:08monetary assets valued at 1.76 million.
- 39:12Also he the Bitcoin fog wallet forfeited as well containing
- 39:181345 Bitcoin. It goes on to say and I.
- 39:45Hit with $30 billion penalty and US money laundering settlement
- 39:51It goes on to say the US arm of Canadian based TD Bank has
- 39:56agreed to pay a penalty to settle allegations.
- 39:59That it had failed to stop drug traffickers and money
- 40:02launderies, money launderers from pushing hundreds of
- 40:06millions of dollars of illicit funds through the US financial
- 40:09system. The bank agreed to plead guilty
- 40:12to charges that it violated the bank.
- 40:14Secrecy Act It goes on to say between the criminal charges and
- 40:18civil suits, the bank has agreed to pay a total of more than $3
- 40:24billion to the US authorities, including a 1.3 billion
- 40:28including 1.3 billion to FinCEN. According to prosecutors, TD
- 40:33Bank's unit failed to uphold proper anti money laundering
- 40:37controls for almost a decade from 2014 to 2023.
- 40:42During time, time, time, prosecutors said numerous
- 40:45criminal enterprises were able to transact through the bank.
- 40:49This includes a Chinese drug trafficking group that bribe
- 40:53bank employees and was ultimately able to launder more
- 40:56than $470 million in cash linked to the sale of fentanyl and
- 41:02other illegal drugs, as well as another money laundering scheme
- 41:06that sent 10s of millions of dollars to Colombia.
- 41:10OK, all right everyone, what? Excuse my language, Feel a
- 41:14little bit passionate. Bitcoins making an all time
- 41:16high. What is the fucking difference
- 41:18between this and that? There is no difference.
- 41:22Then why did someone, why did the bank get a fine and why did
- 41:26the privacy developers get locked in prison?
- 41:29OK, And another thing, the privacy developers, they're not
- 41:32developing these tools for drug traffickers.
- 41:35They're developing these tools because privacy is a fundamental
- 41:40human right. In fact, it's actually even
- 41:43protected by the 4th Amendment, which is essentially treated as
- 41:46toilet paper these days. I'll read it for you guys.
- 41:49The right of the people to be secure in their person's house,
- 41:52papers and effects against unreasonable searches and
- 41:56seizures. I think the Bank Secrecy Act is
- 41:59very unreasonable in my opinion. When it was implemented back in
- 42:031971, they had a law that essentially made it that every
- 42:09$10,000 or so transaction had to be no, it's $10,000.
- 42:15Every $10,000 transaction had to be reported to the government.
- 42:20The problem is that when that law was passed back in 1970, one
- 42:25$10,000 is the equivalent of $80,000 worth of purchasing
- 42:30power today. And during the so-called
- 42:32Inflation Reduction Act, they tried to squeeze in a law that
- 42:36would make it so that every $600 transaction had to be reported.
- 42:41At the same time, the federal government is running a $1
- 42:45trillion deficit every 100 days. So like, we have to be
- 42:51completely responsible and we we have to penny pinch and we have
- 42:54to account for all our money. But they could just do whatever
- 42:57they want. Where are those hundreds of
- 42:59billions of dollars going to in Ukraine?
- 43:01Where are they going? We don't know.
- 43:03We just have to take their word for it.
- 43:05So again, I don't think I have a problem with the.
- 43:07Crime per SE, like, you know, it's the law.
- 43:10The law is the law. You know, you, it's the social
- 43:13contract. The problem that I have is the
- 43:16double standards. And if there's a double standard
- 43:19between the banking industry and the Bitcoin industry, that is
- 43:24not justice. That is rules for thee but not
- 43:28for me. Opti, what?
- 43:30What's your take? Yeah, well, we've seen this play
- 43:33out throughout all of this last year, hence why we kind of went
- 43:37really hard in this whole election cycle because it became
- 43:40very clear that the left was attacking Bitcoin.
- 43:43It started with, you know, Bitcoin fog.
- 43:45It started with the OR, it started with Tornado Cash, then
- 43:47Bitcoin Fog. And of course, everyone knows
- 43:50that once the Samurai devs got arrested, Nikko went ballistic
- 43:52on the show. We went crazy.
- 43:53Also I see someone in the rumble chat.
- 43:55Yes we do have a start 9 promo. Get yourself a note.
- 43:58It's down in the video description.
- 44:00And so obviously we live in A2 tier justice system.
- 44:04It is what it is. This is where we are.
- 44:06I think the very big signal, especially for a lot of us
- 44:09Bitcoiners, I think there's still some Bitcoiners out there
- 44:12that maybe would give the system the benefit of the doubt.
- 44:16But now it's becoming very clear that they are attacking us.
- 44:19There's rules for thee, but not for me.
- 44:21And of course, the me is if you are part of the money printer,
- 44:23if you're a part of the institutions and the system,
- 44:25they can basically get away with it, whatever they want.
- 44:27They get a slap on the wrist and then Bitcoiners are painted as a
- 44:30criminal. And I think this is the growing
- 44:32trend that we're going to see moving forward.
- 44:34Hopefully things do change under a Trump administration,
- 44:37considering that the Republicans have came out and become way
- 44:41more pro Bitcoin in in their rhetoric.
- 44:44So I'm holding out that maybe there's some hope here, but it
- 44:47is becoming very clear where the trend is going.
- 44:50And I said this, I think mid mid role of the year when the
- 44:53samurai news came out that pretty soon Bitcoiners are going
- 44:56to be blamed for all of the Fiat problems.
- 44:59Once the Fiat apocalypse actually crumbles, they're most
- 45:02likely going to point fingers and be like, you bit corners are
- 45:05the reason. Actually, we already saw this.
- 45:07We saw what was it, the ECB. We've seen a lot of institutions
- 45:10come out and basically say like, oh, the Fiat system is
- 45:13crumbling, but it's really the bit corners fault.
- 45:15And we're like, the only people you have to blame is just look
- 45:18at yourself in the mirror. You guys are the problem here.
- 45:20You guys are the ones that are destroying the world and bit
- 45:24corners are trying to fix it. We're trying to build an
- 45:26alternative system, but it's becoming very clear rules for
- 45:29thee and not for me. And we just aren't a part of the
- 45:32club. And you know, hey, it is what it
- 45:34is. Bitcoin's going to win.
- 45:36We've built a parallel system and it's only a matter of time
- 45:38until everyone wakes up to this fact.
- 45:40Amen to that. Amen to that.
- 45:42Anyways, Chris, what are your thoughts on this man?
- 45:44I like is again, you know, and, and you know, you, you have the
- 45:48perspective of, of being in the UK and I and I know that there's
- 45:51been some laws that have been passed.
- 45:53What's your opinion on it, on all this?
- 45:59Chris, can you hear us? Charlie, I think.
- 46:01Did we lose you? I think we lost Charlie.
- 46:08Oh, no, I can hear. He can hear us or I can hear
- 46:11him. All right.
- 46:12It all right, it seems like Chris can not hear us.
- 46:25All right, let's, let's keep, let's keep rolling with the show
- 46:30Opti, OK? All right, let's let's see if we
- 46:33can handle the culture real quick.
- 46:34All right, everybody, we'll be right back.
- 46:36We're gonna hit the the culture segment and we are hopefully we
- 46:40we get these gentlemen back so we can talk about their project,
- 46:43what they're working up to, but if not, we will we'll talk about
- 46:46something else as well. So.
- 46:47Stay tuned for the culture we will be.
- 46:49Right back here we go. Alright everybody, I do want to
- 47:03give a shout out to our. Sponsor to the orange pull apps
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- 47:27you don't know any Bitcoiners in El Salvador or you pull up the
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- 47:32it will show you the Bitcoiners there near you and it will give
- 47:35you the ability to send them a message directly, thereby
- 47:39connecting with them. It's also the number one
- 47:41resource for Bitcoin only events.
- 47:43So for example, the the conference is only two days, but
- 47:48we're in El Salvador for seven days.
- 47:49What are we going to do the other days?
- 47:51Pull up the Orange Pull app and it will show you the events near
- 47:54you. Highly recommend it.
- 47:55It's also one of the best ways to reach me.
- 47:57Download the Orange Pull app today.
- 47:59Scan the QR code on your screen or check the link in the video
- 48:04description. All right, everybody, so let's
- 48:06open it up to the culture. We're having a little bit of
- 48:08technical difficulties. This is live, so we're going to
- 48:10roll with the punches. Chris, can you hear us?
- 48:14I can hear him here. Let me let me tee this up so I
- 48:17do of course we got Bitcoin racing here.
- 48:20I do want to play their trailer real quick.
- 48:22Hopefully I'll play the trailer and then I if anything, I'll
- 48:26just hit him in the chat and we'll just let him riff on
- 48:29Bitcoin racing and what they're doing so here we go Let me pull
- 48:33this up. Let's play this trailer real
- 48:36quick give you guys context here.
- 48:39I'm fighting you Murph. You do it.
- 48:41You do it. OK, here we go.
- 48:44We have a higher meaning than most other race teams.
- 48:47You know, we see Bitcoin as a mission for peace.
- 48:50Yes, and my brother actually found Bitcoin and he was looking
- 48:53for ways to to help us. The true mission is to help
- 48:56other families before they experience a crisis.
- 48:58We're doing phase one, the mini challenge. 17,000,000 TV viewers
- 49:02over the year last year, 400,000 spectators over the year at the
- 49:05event. They've just corrupted the
- 49:07money. Save the money, save the world.
- 50:07Damn, I was getting LED over here.
- 50:08Hopefully. Charlie, are you back?
- 50:11Yeah, could you hear me? OK, let's go, let's go.
- 50:14I wish I had the All right, Charlie man, I don't you guys
- 50:18couldn't see me, but I was getting lit back behind the
- 50:21scenes. That was an epic trailer
- 50:22anyways, Charlie man, let's let's just jump into it.
- 50:26I mean, you guys are Bitcoiners. You kind of laid it out in the
- 50:28beginning of the show. You guys started three years ago
- 50:32and I really just, you know, you mentioned earlier before we
- 50:34started the show, just the significance of Bitcoin racing.
- 50:38You guys were just in an incredible race.
- 50:41So let's start there and then we'll talk about the mission of
- 50:44Bitcoin racing. Yeah, so we started around three
- 50:48years ago and my family's always been into Motorsports and my
- 50:53dad's got like a passion for cars and things like that, so he
- 50:57was really the driving force for it.
- 50:59And we started in a small championship about 3 years ago
- 51:03called the City car Cup. So it's literally citrus T ones
- 51:07taken off the road and they're about 60 horsepower, so really
- 51:10slow cars. So that's where we started, but
- 51:14we just wanted to find a way that would be fun and exciting
- 51:17to promote Bitcoin. And obviously Motorsports is
- 51:20such an exciting positive thing. We thought that would be a great
- 51:23start, but we soon realized that the championships not getting
- 51:27enough interest just because it's a small kind of starter
- 51:31entry championship, it doesn't bring in the audience that we
- 51:35want to present Bitcoin to. So we were looking at
- 51:38championships in the UK and there's a series called the
- 51:41British touring car Championship and it's actually hyphenated to
- 51:46BTCC. So I think that says it's the
- 51:49right championship to go for, but it's actually EU KS most
- 51:53famous racing series and the minis, which you just saw the
- 51:56mini car there, they race as a support package.
- 52:00So it's kind of like in Formula One when you the Formula One
- 52:04cars, if they're not on the grid, you have to support races,
- 52:07keeping the crowds entertained. So that's what the mini is to
- 52:11the touring cars. But the good thing is it
- 52:14benefits from the massive audience that comes to watch
- 52:17those races. So it's actually broadcasted
- 52:19live on prime time channel here called ITV 4, which goes out to
- 52:24around 17,000,000 viewers and also about 400,000 live fans
- 52:29come to the races throughout the season.
- 52:32So you get a lot of normies coming to the circuits and then
- 52:36being presented with Bitcoin through a really exciting and
- 52:39fun way. Yeah, which we think works
- 52:42really nicely. And hopefully next year we're
- 52:46going to go into the Minis again.
- 52:48But there's actually two classes in the Minis.
- 52:50So we actually started in the main series and they use a
- 52:55sequential gearbox, but we had all sorts of trouble with that
- 52:58because we're a small family team and we just couldn't manage
- 53:01to work such a complicated gearbox after work being used to
- 53:05Citrons. So we changed it to a slightly
- 53:09slower series which races behind the fast cars, if that makes
- 53:12sense. So next year we hope to be in
- 53:14the in the top championship with the fastest sequential gearboxes
- 53:19and and that will obviously get us more camera time on TV as
- 53:22well. Very, very, very incredible
- 53:26stuff, man. And, and I just got to say like
- 53:2717 million people, you know, getting exposure to the Bitcoin
- 53:32car. And I saw, I think I saw an El
- 53:35Salvador flag on there as well and other Bitcoin companies.
- 53:38So you know, that's huge exposure.
- 53:40And you know, Bitcoin fundamentally it's, it's a
- 53:42cultural movement, right? So, you know, the more we make
- 53:45it part of the culture, There's a very famous quote from
- 53:48Breitbart. I've said it many times.
- 53:50I said it at the Bitcoin conference at in Nashville.
- 53:52And they actually the Guardian, which I believe is a a British
- 53:56newspaper, actually quoted. Me.
- 53:58They're like this alt right guy, but essentially the quote is
- 54:04that politics is downstream from culture and the way that you
- 54:08essentially you went over the the political game is you went
- 54:12over the. Cultural game, right?
- 54:14This is why they're melting down when they're losing their
- 54:18monopoly on information. Because if you lose your
- 54:20monopoly on information, all of a sudden the culture is on X.
- 54:25Or a nostril on between, you know, that sometimes doesn't
- 54:28completely correlate with you know what the powers that be one
- 54:32in terms of control. So anyways, I'm going to pass it
- 54:34on to. Opti, is that a Mini Cooper?
- 54:38It is. It's John Cooper works VIDI.
- 54:40That's the fastest mini in the world.
- 54:42Hell yeah, love. That so it's about 300
- 54:45horsepowers. Absolutely crazy.
- 54:47That's that's nuts, man, That's. These are the stats for the
- 54:51amount of TV coverage a number of viewers.
- 54:55Incredible. Incredible.
- 54:56Love it. OK, so I do want to chime in
- 54:58here, Charlie, actually call Chris while you're doing the rib
- 55:02because we do want to ask him about racing in these cars.
- 55:05But Charlie, I think, I think the low hanging fruit question
- 55:10for you is very simple. It's like, why did you add
- 55:13Bitcoin to the racing? Why is racing and Bitcoin a good
- 55:18way to spread the word on Bitcoin?
- 55:22Yeah. So I think it comes just down,
- 55:24down to how we discovered Bitcoin in the 1st place.
- 55:27And it was, it was in March 2020 when we actually first came
- 55:32across Bitcoin and started learning about it.
- 55:35And the reason we were prompted to do that was because back in
- 55:382008, we actually lost all of our family businesses.
- 55:42And so the recession actually hit our family really hard.
- 55:46And obviously going from losing the businesses and the income
- 55:49that came from that, it was hard for us to pay our mortgage.
- 55:53And eventually in 2020, we actually got a letter from the
- 55:57the bank saying that you've got four years until you need to pay
- 56:00the final sum on the mortgage, otherwise we're going to
- 56:03repossess your house. So basically my mum just said to
- 56:07us we need to sit down as a family, talk about our strengths
- 56:10and weaknesses and try and find a way to stop this from
- 56:13happening because we don't want to lose the family house.
- 56:17And we kind of brainstorm loads of different potential ideas
- 56:21from starting another restaurant.
- 56:23It's lucky we didn't because obviously COVID would have
- 56:25caused us to close down. We were looking at warehouses to
- 56:30kind of do Amazon distribution. But my thought process was a bit
- 56:34different because because we'd lived through a recession and it
- 56:38was now March 2020 during COVID, felt like there's going to be
- 56:41another one because we'd lived through one.
- 56:43I knew that during recessions you get big wealth transfers and
- 56:48usually it goes from the poor to the rich.
- 56:51So I just Googled how do you get on the positive side of a wealth
- 56:54transfer? And that's how we found about it
- 56:58was initially we found out about gold and there's this
- 57:01documentary, it's taught us about all the hidden secrets of
- 57:04money, showed us how fractional reserve banking works, what
- 57:08causes inflation. And for us, it just felt like an
- 57:11easier option rather than starting a business.
- 57:13Hopefully we could find an asset that we could invest in and
- 57:17would then do very well. And it also resonated with us
- 57:21really nicely because Bitcoin is outside of the system that
- 57:25caused us all that trouble back in 2008.
- 57:28So when we learned all that and how evil this banking system is
- 57:32and how Bitcoin can improve people's lives, we just, we felt
- 57:36compelled to find our own way to teach more people about it.
- 57:39And because we've been racing before, we knew that motor
- 57:43racing is a very good marketing platform.
- 57:45And at that time, Bitcoin wasn't really getting any exposure
- 57:49through motor racing. So, so that's why we just came
- 57:53up with the idea to put Bitcoin logos on the car.
- 57:55And but we also added the flag of El Salvador as well.
- 57:59And that was actually done with permission from the government
- 58:02here. Which is really.
- 58:03Cool. Because you know, they were
- 58:05pretty humble about it. They didn't mind about the flag
- 58:08going on top of a small Citroen C1.
- 58:10Obviously it's not a lot cooler now being on a 300 horsepower
- 58:14Mini, Mini Cooper car, but when we first approached them and we
- 58:19were only in the Citroen, they were, they were really up for
- 58:21it. So that was awesome.
- 58:23Love it. Well, all I heard here at first
- 58:25Charlie, is Bitcoin saved your family company actually saved
- 58:30your family. Love to hear it and man, it's
- 58:33just incredible. Like I'm sure you're feeling
- 58:36euphoric right now. You're like, yes, the Bitcoin
- 58:38bull run is back. Not only that, but yes, now
- 58:41we're more profitable for racing.
- 58:43This is what you love to see in regards to how Bitcoin and
- 58:46getting on the Bitcoin standard literally can change the
- 58:49trajectory of your family of your life, of your business.
- 58:53This is what that we always talk about here and man, you're just
- 58:56an incredible example of this. But I do want to, I do want to
- 58:59ask you a question because I am on your website over here and
- 59:03you have services here. So can people rent the Mini
- 59:07Coopers and drive them? What's going on here?
- 59:14Yes. So if people want to come and
- 59:17actually race with our team and we will do a fuller ride and
- 59:20drive package so you can turn up and race a full championship
- 59:25without having to know anything about setting up a car, without
- 59:29having to do any of the mechanics or having to deliver
- 59:32the car to the circus. All you would do is get to the
- 59:36race circuit, find a nice hotel and then turn up on the race
- 59:39days and you can actually race in a Bitcoin car and promote
- 59:44Bitcoin in your own really unique and exciting ways.
- 59:46So last season we had four Bitcoiners racing with us.
- 59:52So there's three, three people who had never raced ever in
- 59:55their lives and they thought, well this is a great way for me
- 59:58to start because firstly it's going to be a really fun and
- 1:00:02exciting year and secondly, it allows me to promote Bitcoin.
- 1:00:06So it's just a really cool way to do something as a Bitcoin, to
- 1:00:11help, to have loads of fun and also to spread Bitcoin in a
- 1:00:15really positive way, so. That was really fun.
- 1:00:18One of the drivers actually achieved a 5th place and there's
- 1:00:22about 32 cars in the Citroen. So we we trained him up with
- 1:00:26Chris. He gave him lots of driver
- 1:00:28tuition and he managed to get fifth out of 30 drivers which
- 1:00:31was which was amazing. That's gnarly.
- 1:00:33That's gnarly. It's just a fun experience that.
- 1:00:36That's that's incredible what you guys are doing, man.
- 1:00:38That's this is this, this is the culture, man.
- 1:00:40This is this is the culture. This is the culture.
- 1:00:42This is like literally. Hey, Charlie, get Chris over
- 1:00:45here and let's ask him what it's like driving in these cars
- 1:00:47before we wrap up the show if he's still in the room.
- 1:00:51Yeah, let me grab him. They want to hear what it's like
- 1:00:53to drive the cars. All right, I'm going to pull him
- 1:00:56in and give him those earphones. Thank you so much.
- 1:00:58Appreciate it. Appreciate it.
- 1:01:00Yeah, We'll bring you back in after all.
- 1:01:04Right, We're doing this live, ladies and gentlemen.
- 1:01:06All right, here is Chris. Chris is the driver for Bitcoin
- 1:01:10Racing. Chris, how does it feel to be
- 1:01:13driving the fastest Mini Cooper on the face of the planet with
- 1:01:18Bitcoin branding all over it? Yeah, it feels, it feels really
- 1:01:22good. Coming into the Mini challenge,
- 1:01:25it was a huge step up for us as a team and me as a driver
- 1:01:28because being used to decisions he won with only 70 horsepower
- 1:01:32and then moving on to a mini with 300 odd, it was tough.
- 1:01:35But doing it with Bitcoin on the card makes it even better.
- 1:01:39Yeah, it's been a really good year and hopefully we can carry
- 1:01:42on next year and go from there. We lots of bigger championships
- 1:01:45and get the Bitcoin message spread to even more people.
- 1:01:50Awesome. Does the Bitcoin logo make you
- 1:01:52go faster? It does, yeah.
- 1:01:56Extra hash. Power.
- 1:01:59Wait, how fast does the mini go? I think it's hot speed is about
- 1:02:03150 mph, so pretty quick. That's good, man, That's good.
- 1:02:09That's good. Anyways, anyways, it's been an
- 1:02:13honor to have you guys on the show today.
- 1:02:15Guys, go check out bitcoinracing.co.co.
- 1:02:19You got to support all Bitcoin projects, support bitcoiners.
- 1:02:22Like I said, this is how we went over the the culture, we went
- 1:02:26over the culture, mass adoption, hyper bitcoinization, just, you
- 1:02:30know, one Bitcoin project at a time.
- 1:02:32So whether it's music, Bitcoin trading cards, Bitcoin racing,
- 1:02:36you know, this is all kind of moving the envelope forward to
- 1:02:40this high hyper Bitcoin eyes feature that we all want to live
- 1:02:44in Murphy. Wait, yeah, wait, wait.
- 1:02:46Before we before we go, let's give Chris one last word.
- 1:02:50Any last comment to the audience about Bitcoin racing in general?
- 1:02:53You want to plug it? Where?
- 1:02:54Where can people find you? Yes, so you can find us on
- 1:02:59Twitter and we've got an Instagram account as well.
- 1:03:03Or you can just e-mail e-mail us.
- 1:03:05Charlie's e-mail is charlie@bitcoinracing.co.info.
- 1:03:11Let's go. Appreciate it.
- 1:03:12Well, Chris, Charlie, thank you for coming on the show.
- 1:03:16I mean, you guys are in El Salvador as well, so we'll see
- 1:03:19you in person in the next couple of days, man.
- 1:03:21It's going to be super, super fun.
- 1:03:23Appreciate it. Yeah, Murphy, let's get the full
- 1:03:27Cam. Let's roll this show out.
- 1:03:28Absolutely, Absolutely. Guys, thank you so much for
- 1:03:32joining us on Simply Bitcoin Live special edition streaming
- 1:03:36from Freedom Country and the beautiful El Salvador.
- 1:03:40We're going to be here for the rest of the week.
- 1:03:41We're going to be giving you guys a live show Monday through
- 1:03:45Thursday. On Friday, we're going to be
- 1:03:47streaming the Adopting Bitcoin conference from the Simply
- 1:03:51Bitcoin channel. And on Saturday as well, we're
- 1:03:54going to have loads of interviews from your favorite
- 1:03:56Bitcoiners from the Adopting Bitcoin Conference.
- 1:03:59We're going to be doing a Simply Bitcoin news desk from the
- 1:04:02conference during the conference live stream.
- 1:04:04It's going to be a whole lot of fun.
- 1:04:06I want to thank all of you guys for tuning in to the live stream
- 1:04:09today. If you guys enjoyed the show,
- 1:04:11smash the like button, consider subscribing if you feel like we
- 1:04:14provided you value and buckle up because we have about 10 months
- 1:04:18or so of this beautiful bull market enjoy it.
- 1:04:21If this is your first one soak it in.
- 1:04:23This is what you've been living for you've paid your dues.
- 1:04:26You've. Crawled through the trenches of
- 1:04:28the Bear and now. You're here and you're going to
- 1:04:31witness this number go up. And man, I'm so incredibly
- 1:04:35excited for 2025. Anyways, guys, love you all.
- 1:04:38We'll be back tomorrow for a brand new episode of Simply
- 1:04:42Bitcoin Live. To you by bitcoinwell.com, a
- 1:04:47Bitcoin only platform on a mission to enable financial
- 1:04:50independence.