Latest / Simply Bitcoin / Does France Want To Buy 420,000 Bitcoin?! [WHY NOW!!] | EP 1364

Transcript

Does France Want To Buy 420,000 Bitcoin?! [WHY NOW!!] | EP 1364 · Simply Bitcoin

• 0:00
  The 7th largest country in the world wants to buy 420,000
• 0:04
  Bitcoin. What's strange about this
• 0:07
  country's earlier in the week they made a massive move.
• 0:10
  They want to become the third country in the world to have
• 0:12
  citizenship based taxation. But before we dive into how this
• 0:17
  huge move could put your savings at at risk, ask yourself this.
• 0:21
  Why is the opposition party? Why is the opposing party
• 0:25
  announcing their Bitcoin plans? Now that is the big question
• 0:29
  here. Obviously, I think we all know
• 0:31
  why very quickly. Anyways, I'm here with Sophie
• 0:34
  one more day. Nico is back, but he needs a
• 0:37
  break from travelling. So we'll we'll give him a a rain
• 0:40
  check on on the day. Anyways, let's go into this.
• 0:43
  So you may be asking, of course, you guys probably saw Emmanuel
• 0:46
  Macron on the the thumbnail. So yes, we are talking about
• 0:51
  France. Now, what is interesting is they
• 0:55
  are now proposing a, you know, exit tax.
• 0:59
  They are actually, they have been proposing an exit tax for a
• 1:02
  few years now. But now they have officially
• 1:05
  proposed this exit tax as a part of their national budget for
• 1:09
  2026. And of course, French citizens
• 1:12
  will have to pay taxes on their global income if they move to a
• 1:15
  region with 40% lower taxes than France.
• 1:18
  So, you know, the US does something, something very
• 1:21
  similar. You, you can't escape your
• 1:22
  global taxation if you are AUS citizen.
• 1:25
  And this is something we've been talking about for a long time.
• 1:28
  As the system does get more strain, as there are more
• 1:32
  financial troubles, we know what they're going to do to your
• 1:35
  assets and your savings. As he put it right here.
• 1:37
  In the very end, I've been warning you, European countries
• 1:40
  are bankrupt and they will try to seize your assets.
• 1:43
  I don't think anyone is actually surprised by this.
• 1:47
  Of course, this has been a a long proposal.
• 1:50
  They've been proposing this for a long time, but now it seems to
• 1:53
  be officially added into their budget.
• 1:55
  Now, from our perspective of bit corners, This is why you, you,
• 1:59
  you know, invest in Bitcoin or rather save in Bitcoin is
• 2:02
  because look, we're not saying don't do, you know, we're, we're
• 2:05
  saying follow the law here, but it's a lot harder to take your
• 2:09
  wealth, your assets when they are in Bitcoin.
• 2:11
  And I think the world is going to have to wake up to this.
• 2:13
  So that's the kind of context of what is going on.
• 2:16
  So moving a little forward a little a little further on this,
• 2:20
  this is where it does get kind of interesting is because an
• 2:23
  opposing party just announced A strategic Bitcoin reserve in
• 2:27
  France. Now they don't really have that
• 2:29
  much power here, but I think it is starting to show you that
• 2:33
  people are looking towards Bitcoin as a tool for freedom, a
• 2:36
  tool for the citizens to, you know, maintain their
• 2:40
  sovereignty, maintain their wealth.
• 2:42
  And you just love to see that. So I'm going to break down the
• 2:44
  proposal a little bit. We're going to start with this
• 2:46
  Yahoo Finance headline that goes France welcomed reserve bill,
• 2:50
  which is 2% of Bitcoin supply. Now the math here, the
• 2:54
  technicals of it again, one, this is a small party in France.
• 3:00
  They, they're not the ruling power here, the ruling party,
• 3:03
  but they are proposing something very similar to what we saw
• 3:07
  President Trump announce. And we still don't know what's
• 3:09
  going to happen with the strategic Bitcoin reserve.
• 3:11
  Again, to kind of refresh you, the US talked about doing a, you
• 3:17
  know, buying a million Bitcoin over the next five years.
• 3:21
  They're doing something pretty similar.
• 3:23
  So France introduced this bill. And again, I know we've been
• 3:26
  covering a lot of the stuff on the nation state level and
• 3:29
  there's been a lot of bills proposed.
• 3:31
  Most of them don't really hold any water.
• 3:33
  They, they don't really, you know, they're not going to
• 3:36
  actually be made into laws. But I think it, it is going in
• 3:41
  the right direction. So again, to introduce a bill to
• 3:43
  accumulate 2% of Bitcoin supply. So what 2% would be, I guess
• 3:49
  420,000 Bitcoin. And this moves, this marks a
• 3:53
  strategic move in the region and a demonstration of the country's
• 3:56
  footprint in the cryptocurrency space.
• 3:58
  The plan to acquire 420,000 Bitcoin over 7 to 8 years.
• 4:03
  I think that time frame I when I read this I'm like, I don't
• 4:06
  think even if they propose this and pass it this year,
• 4:10
  considering that I believe the price of Bitcoin is going to go
• 4:13
  up a lot, it's going to be incredibly hard for them to
• 4:15
  acquire that much over the next 7 to 8 years.
• 4:17
  At least that's my opinion anyways.
• 4:19
  They proposed a bill yesterday. Again this is by the UDR party
• 4:25
  in in France which has not that much power.
• 4:30
  They have 4 or 16 seats. So again, this proposal's
• 4:35
  probably not going to get pushed through, but it does go to show
• 4:39
  that people are waking up to this idea of, you know, hey, if
• 4:44
  your country is proposing global citizenship tax or talking
• 4:48
  about, you know, confiscating your assets and seizing your
• 4:52
  assets, then obviously I think the timing is very interesting
• 4:57
  where we get this big announcement.
• 4:58
  They're finally going to push through the citizenship based
• 5:00
  taxation. And then one of the smaller
• 5:03
  opposing parties announce, hey, we want to do a strategic
• 5:05
  Bitcoin reserve. Now, I know a lot of people when
• 5:08
  you saw it on Twitter, we're essentially maybe conflating the
• 5:11
  two that France is considering this bill.
• 5:14
  I, I mean, I guess you could say that, but in reality, I think
• 5:17
  it's an opposing party that is talking about starting a
• 5:20
  strategic Bitcoin reserve. Obviously, I've been covering
• 5:24
  this on the show for a long time, this idea that the
• 5:26
  European Union or Europe in general is not in a good place
• 5:31
  financially. And This is why I really like
• 5:33
  this original tweet here. It's European countries are
• 5:36
  bankrupt and obviously we know what that means.
• 5:39
  They're going to continue or rather try to confiscate assets
• 5:43
  on this. So on that note, before there is
• 5:45
  another interesting news coming out of Europe, something very
• 5:48
  similar. But Sophie, you were talking to
• 5:52
  the demons this morning, AKA ChatGPT.
• 5:54
  Do you still have that up? Because I think it was a, I
• 5:56
  think it was a good read of what's going on.
• 5:59
  Yeah, I do. And actually, you know, before I
• 6:02
  go and and tell you what the demon says, I think that
• 6:05
  something's going to have to give in Europe at some point
• 6:09
  because you can't implement ACDBC based on nothing and you
• 6:13
  can't charge an exit tax based on unrealized gains that are
• 6:17
  essentially worthless, right? So.
• 6:20
  Yeah, and that's the craziest part, is the unrealized gains
• 6:22
  part. Like the US doesn't even have
• 6:24
  that. Right.
• 6:25
  So, so that's what the demon enlightened me on.
• 6:28
  It says under French law, if you transfer your residence outside
• 6:33
  of France for tax purposes, which which is also interesting,
• 6:36
  it has to be for tax purposes. So like, what if you move to to,
• 6:40
  you know, Uganda, like are you going to get chased there?
• 6:44
  Like even if it wasn't for tax purposes, I don't know, maybe
• 6:47
  you just like Uganda. You may be liable for an exit
• 6:51
  tax on unrealized capital gains depending on past residence
• 6:56
  duration and asset value. So what that's telling me is if
• 7:01
  you lived in France your whole life and you happen to be rich,
• 7:05
  we will chase you to the ends of the earth to to get that
• 7:09
  unrealized tax gains, which is unbelievable.
• 7:12
  Do you transfer that in liquidity or do you transfer
• 7:16
  that in assets? That's my other question anyway.
• 7:18
  It continues saying articles note that France's exit tax
• 7:22
  regime became more stringent over time.
• 7:24
  For example, the virtual sale concept of unrealized gains is
• 7:28
  cited, and that's from Citizen X.
• 7:31
  Some recent commentary in 2025 suggests France's forthcoming
• 7:36
  budget includes provisions for global taxation of French
• 7:40
  citizens even after their departure.
• 7:42
  The taxation regime for crypt SO in France treats gains as
• 7:47
  taxable and has specific forms of disclosure and obligations.
• 7:52
  So what this means is France is eyeing up large Bitcoin reserves
• 7:58
  and it makes sense that they would want to discourage the
• 8:01
  wealthy from moving their assets or changing residences.
• 8:04
  So it's like they want to have their cake and eat it too and
• 8:07
  exit tax. Literally where that saying came
• 8:10
  from. But hey, you know, I digress.
• 8:11
  Yeah, and the thing the the thing that caused the thing that
• 8:17
  has landed us here now anyway, an exit tax, wealth slash profit
• 8:21
  tax regime serves as golden handcuffs.
• 8:25
  That's exactly what it is. They will keep you there paying
• 8:28
  super high. So it's like either pay our 60
• 8:31
  to 80% wealth tax, which we have implemented for you to live
• 8:35
  here, or pay an unrealized tax gain for an undisclosed amount,
• 8:40
  especially if you're wealthy and move to any ends of the the
• 8:43
  earth. An exit tax wealth slash profit
• 8:47
  tax regime serves. Oh, I already read that for
• 8:49
  Bitcoin or crypto, that means France may be sending 2
• 8:53
  messages. One, we welcome strategic
• 8:56
  accumulation of Bitcoin and see it as national value.
• 9:00
  And two, but if you're holding it here or moving it out, we
• 9:05
  will tax you accordingly. So yes, this exit tax story
• 9:09
  lines up with the Bitcoin reserve story.
• 9:12
  Whether it's intended gold to keep Bitcoin in the country or a
• 9:17
  by product of broader fiscal policy is up for interpretation.
• 9:21
  But you know, it's pretty clear that they want both.
• 9:24
  And honestly, this might be the point where the left in France
• 9:31
  capitulates to the idea of having a Bitcoin strategic
• 9:35
  reserve. Because if they have at least 2%
• 9:38
  of it and their citizens are holding it, or they count that
• 9:42
  2% by virtue of unrealized tax gains or potential exit taxes,
• 9:48
  that might actually allow for the left to raise taxes in
• 9:53
  general on the wealthy or on the population as a whole.
• 9:56
  So they say like, you know, either pay our taxes or pay them
• 10:00
  anyway as you exit and they're an unrealized capital gain.
• 10:04
  Or keep your money in euros, which will eventually become
• 10:08
  ACBDC and be surveilled by your every move, you know, deal with
• 10:15
  it. Yeah.
• 10:17
  And and this UDR party is like center right from what from my
• 10:21
  understanding of this. So it is interesting like kind
• 10:25
  of what we're seeing here where again you know Bitcoin is
• 10:28
  bipartisan, it's money for anyone, anyone can use it.
• 10:32
  But it is interesting that it the right of most countries are
• 10:36
  starting to pick up on this idea of, hey, maybe we got to
• 10:40
  integrate Bitcoin into our, you know, campaign into kind of our
• 10:44
  ideology here, because it does align perfectly with a lot of
• 10:47
  the stuff that we believe in. And look, we've been talking
• 10:51
  about this for a while that this was most likely going to happen,
• 10:53
  that this was going to very quickly get picked up by, you
• 10:56
  know, people on the right side of the aisle because it does
• 10:59
  align with a lot of the things. And that does go into a lot of
• 11:02
  the stuff we've been saying for a while that since this has
• 11:05
  happened, the left does pick it up.
• 11:07
  And they kind of make this as a negative thing is like stay away
• 11:10
  from this Bitcoin thing because it is right technology.
• 11:13
  Well, but we also just saw California adopt A law where
• 11:18
  they see Bitcoin as property. And while that's not by any
• 11:21
  means having a reserve or a reserve that Bitcoiners would
• 11:25
  want the state to have anyway, it is still some kind of
• 11:30
  exposure. And what I mean to say with that
• 11:33
  is the left will find a way to politicize Bitcoin and crypto
• 11:39
  and use it for their, you know, means to an end.
• 11:45
  OK, Yeah. That and also my prediction is
• 11:50
  that the next country that's going to adopt A Bitcoin
• 11:53
  strategic reserve, specifically Bitcoin, is going to be Japan.
• 11:56
  Oh yeah, the Japan stuff is you know what I saw this morning
• 12:00
  that. So anyways, if if you don't, if
• 12:02
  you don't get the context, of course, Donald Trump was just in
• 12:04
  Japan. He did the like Japan is back
• 12:07
  hats and you know, Japan and America are entering the golden
• 12:11
  era or whatever the meme is. I, I think you might be right.
• 12:15
  And that does go into a lot of the stuff we've been covering
• 12:18
  throughout this year of what's going on in Japanese bond
• 12:21
  market. They're, they're having a lot of
• 12:22
  trouble right now. But I did see this morning Japan
• 12:25
  is the biggest holder of U.S. Treasuries, which I think is the
• 12:29
  link from why Trump is, you know, going to Japan trying to
• 12:34
  kind of court the Japanese new Prime Minister.
• 12:36
  Obviously there's the meme of him being good friends with I, I
• 12:39
  forget what the guy name the guy Shinzo Abe.
• 12:41
  Yeah, Shinzo Abe the GOAT. So I I think all of these are
• 12:46
  connect. I think Sophie might be right.
• 12:49
  Japan most likely will look towards, you know, Bitcoin very
• 12:52
  soon if they are aligning with a lot of the Trump kind of
• 12:56
  administration policies. I think Japan will probably
• 12:59
  follow very soon. But we do have another other
• 13:02
  European country that also proposed A strategic Bitcoin
• 13:06
  reserve, again coming from the right of the, you know, the
• 13:10
  right party right now. So we have this breaking this
• 13:14
  morning. Germany is also proposing a
• 13:17
  national Bitcoin reserve and views Bitcoin as state free
• 13:20
  money, which is obviously I I don't know if I could say a hot
• 13:24
  take here, but it's an interesting narrative to see
• 13:27
  come out of any political party here.
• 13:29
  So the Afd. Germany is hurting.
• 13:33
  Germany's cut. Germany is like they probably
• 13:35
  cry themselves to sleep every night when they see the
• 13:39
  opportunity that they completely squandered after selling all of
• 13:42
  that Bitcoin. How much?
• 13:43
  How long ago was it now? Like 2 years ago when it was at
• 13:46
  56,000? Yikes.
• 13:49
  Yeah. And that's, that's also one
• 13:51
  interesting point here is of course, we all remember Germany
• 13:55
  sold 50,000 coins dumped on us and we've been making fun of
• 13:59
  them for a long time. So at least some people in
• 14:01
  Germany are waking up to this idea that, hey, maybe we need
• 14:04
  some Bitcoin. And again, it is coming from the
• 14:07
  right. This is from the Afd party,
• 14:08
  which from my understanding is, you know, a right leaning, like
• 14:12
  a very right leaning nationalistic party.
• 14:15
  So I don't think they're are they, I don't think they're in
• 14:17
  power. Could you can you Fact Check?
• 14:19
  Yeah, they're not in. Power, I don't even have to look
• 14:21
  that up to to know that they're not in power.
• 14:23
  But they are coming into prominence, especially, you
• 14:26
  know, you see them a lot more often now on social media.
• 14:30
  But no, I, you know, to be honest, I don't think that there
• 14:35
  is ever going to be another right leaning government in
• 14:41
  Germany ever again, for obvious reasons, but also, but also just
• 14:48
  because in general, I'm serious. No, I'm, I'm really not trying
• 14:52
  to be funny. I, I think I, I lived in Berlin
• 14:55
  for, you know, a month or something like that.
• 14:57
  It was a short time, but I got to immerse myself in the culture
• 15:02
  and kind of understand how people were there.
• 15:05
  And it's a very, very, very, very liberal city.
• 15:10
  So I don't see, you know, any type of conservatism coming.
• 15:17
  Yeah, yeah. But again, it is very
• 15:19
  interesting kind of the narrative that they're painting
• 15:22
  around this. Of course, State free money, you
• 15:24
  could kind of love to see it. But remember, but remember that
• 15:28
  if you know, if people fight against this, like you have to
• 15:31
  understand the power that the left has lays within the people.
• 15:36
  And if enough people perceive Bitcoin to be a right leaning
• 15:41
  topic of conversation, currency, whatever you want to call it,
• 15:45
  it's going to dissuade a lot of people.
• 15:47
  It's going to dissuade half of the population until they figure
• 15:50
  out how to use it for their own means and gains.
• 15:54
  And, you know, I think it's a completely absurd way to look at
• 15:58
  it. I think that Bitcoin really is
• 16:00
  for anybody and that it it takes the best parts of the left and
• 16:04
  the best parts of the right and it puts it together because it
• 16:08
  takes away the, you know, discrimination that people used
• 16:12
  to face for, you know, getting loans.
• 16:14
  And it makes, you know, money a lot more private.
• 16:17
  It makes, it gives really empowers the individual and it
• 16:21
  can empower collectives as well. So it's it's a shame that we're
• 16:26
  all so divided by political lines because in reality,
• 16:30
  Bitcoin is that one thing that should be completely bipartisan.
• 16:34
  And I hope that the left doesn't see this as something that only
• 16:40
  belongs to the right, because they would be missing out on a
• 16:42
  huge, huge opportunity. Yeah, everyone needs better
• 16:46
  money. That's like it's clear as day.
• 16:48
  But let's break down this article a little bit because
• 16:52
  again, it's interesting to hear the narratives kind of start to
• 16:56
  evolve. Of course I've been telling you
• 16:58
  guys and I think we've all been kind of dealing with this idea
• 17:01
  that ever since kind of Trump came out with pro Bitcoin
• 17:06
  politics has landed on our door here.
• 17:07
  You know, Wall Street, the institutions and the politicians
• 17:11
  have landed on our door basically this year.
• 17:14
  And we're since the beginning of the year to where we are now
• 17:16
  almost close that the close of the year you are starting to see
• 17:21
  the perspectives around Bitcoin, the narrative start to shift
• 17:24
  around Bitcoin and it is happening very fast I know I
• 17:27
  know we're all kind of worn down everyone's been doing the I'm
• 17:30
  tired boss meme right now because the price has been so
• 17:33
  stable had a lot of good news and nothing has really changed
• 17:37
  in terms of price of Bitcoin. But again, I think the
• 17:40
  foundations are being built as we speak.
• 17:42
  So here we go. I'm going to read a little bit
• 17:45
  of this. And it goes, this initiative
• 17:47
  marks a potential turning point in Europe's largest economy.
• 17:50
  Again, This is why German, Germany is kind of one of the
• 17:53
  important countries in Europe. It is one of the largest
• 17:55
  economies. And hey, they've been getting
• 17:58
  cooked right now. I don't know if you followed
• 18:00
  along a lot of the different policies, but they, they
• 18:03
  basically been making a lot of errors And they're, they're like
• 18:06
  the European lackey, or is it lackey?
• 18:09
  They're, they're, they're the whipping post here.
• 18:11
  They're, they're just getting cooked.
• 18:12
  And I've been saying for a while that, you know, I, I, of course,
• 18:17
  I'm an American and, and I do take a more American centric
• 18:20
  view here. And I've been saying, man, I
• 18:23
  would not want to be in Europe. And I know a lot of you guys out
• 18:25
  there are Europeans. And I've been saying for a while
• 18:28
  on the show that I really hope we start to see the average
• 18:33
  European wake up to this or even some of the politicians wake up
• 18:36
  to this idea that if they don't figure it out soon, Europe is is
• 18:41
  really on its way down. And I think Bitcoin could be a
• 18:44
  good part of that policy. And here we go.
• 18:48
  And of course, Germany, the significance, as everyone was
• 18:51
  saying, as Sophie just said a minute ago, you know, a year ago
• 18:53
  they liquidated 50,000 coins and everyone was just laughing at
• 18:58
  them. And I even use them what the
• 18:59
  beginning of the week. If you owed more than $800 in
• 19:01
  Bitcoin, you owed more Bitcoin than the largest economy in
• 19:05
  Europe. Anyways, this notion or this
• 19:08
  motion which needs to be approved, of course, just being
• 19:10
  dropped it, it most likely won't pass.
• 19:13
  It's not coming from the ruling party.
• 19:14
  It wouldn't make Germany the first major European nation to
• 19:17
  integrate Bitcoin directly into its national reserves, signaling
• 19:21
  a growing shift in Europe towards viewing Bitcoin not as a
• 19:24
  speculative asset, but as a sovereign reserve instrument.
• 19:27
  This is something we always talk about on the show.
• 19:29
  This is what it really is. It is not just a speculative
• 19:32
  vehicle. It's not just something to get
• 19:34
  games on. This is, you know, sovereign
• 19:38
  wealth. This is what it's all about is
• 19:40
  true. Taking your own sovereignty back
• 19:43
  anyways. I think this is where it gets
• 19:44
  the most interesting though. The AF DS vision for Bitcoin as
• 19:47
  a quote state free money. The motion submitted last week
• 19:51
  calls on the federal government to begin accumulating Bitcoin as
• 19:53
  part of its long term reserve strategy.
• 19:56
  And the proposal argues that the EU's Mika framework was designed
• 19:59
  for centrally issued tokens and should not apply to Bitcoin,
• 20:02
  which has no issuer or central authority.
• 20:05
  It urges the government to avoid regulatory burdens on non
• 20:08
  custodial wallet providers and Lightning.
• 20:10
  Showed operators maintain Germany's tax exemption on
• 20:13
  Bitcoin held for more than a year and ensures that private
• 20:16
  mining or lightning activity is not classified as commercial.
• 20:19
  It also frames Bitcoin as state free money that protects
• 20:22
  individual freedom, in contrast to the planned digital euro,
• 20:25
  which it warns could enable surveillance and control.
• 20:28
  Honestly, whatever you think about the AFD here at this
• 20:32
  point, they're, I, I love the narrative that they're talking
• 20:36
  about Bitcoin. Like I want to see our
• 20:38
  politicians talk about Bitcoin in this way.
• 20:40
  This is this is what we talk about constantly.
• 20:43
  Though I know in the US, we probably have a more of an
• 20:47
  uphill battle here. If the Republican, if the
• 20:50
  Trump's came out and said something very similar, like if
• 20:53
  they'd get cooked. That's what I was saying.
• 20:55
  We're so divided by political lines that, you know, Trump
• 20:59
  says, yeah, the sky is blue. And the leftist would say, no,
• 21:04
  actually it's, you know, indigo, closer to purple and green.
• 21:09
  Like we would just we will it. It's unfortunate, but it's true.
• 21:14
  And also you have to understand that the US is kind of like the
• 21:18
  final boss in this Fiat fight. And so Europe is already on the
• 21:24
  tail ends of of that fight because they're about to have a
• 21:28
  CBDC introduced into their lives.
• 21:30
  And yeah, like the while that likely will not happen in the
• 21:36
  US, we still are the global reserve.
• 21:39
  And this is a bigger threat than, you know, a CBDC for
• 21:44
  Bitcoin because it's it's power, right?
• 21:48
  So, yeah, but you love to see that they're they're starting to
• 21:52
  view Bitcoin in the context of the anti CBDC.
• 21:57
  If if you are in Europe right now and you're listening to
• 22:00
  Christine Lagarde and you see her, you know, strutting around
• 22:04
  the, the, what's the ARN River? I think it was this morning you
• 22:08
  you heard her rhetoric the. Thirst.
• 22:11
  Trap. Yeah, the thirst trap this
• 22:12
  morning. I don't know if you guys saw
• 22:13
  that. Guys, my ex Chrissy is, is
• 22:16
  thirst trapping. She's she's turning into a
• 22:18
  vlogger on her Twitter. But if you heard the stuff that
• 22:21
  she's been saying and you're not just fully, you know, drinking
• 22:27
  the kool-aid for the European Union, you're looking at that
• 22:30
  and you're like, this is not the future that I want.
• 22:32
  I want a different type of future.
• 22:34
  As we've been saying for a long time on the show, the classic
• 22:36
  meme, Bitcoin is slavery. You know, Bitcoin is freedom.
• 22:39
  And then we're entering or rather on the other side,
• 22:42
  there's this dystopian future backed by CBD, CS and arguably,
• 22:47
  you know, a lot of the state issued stable coins, you know,
• 22:50
  the public and private sector kind of aligning here.
• 22:53
  And it doesn't make you feel like you are entering into a, a
• 22:57
  better world. It actually makes you feel like
• 22:59
  you're entering into some kind of Orwellian 1984 future, which
• 23:02
  I don't think anyone really wants.
• 23:04
  When they break it down, you ask someone, is this the future you
• 23:07
  want? Most people do not believe in,
• 23:11
  you know, the, the narrative that the future like Christine
• 23:15
  Lagarde is giving to the people here.
• 23:18
  So it is interesting that we are seeing the AFD party and of
• 23:23
  course a smaller party in France essentially latch onto these
• 23:27
  Bitcoin narratives and be like, look, we need an outside money.
• 23:31
  We need a money that isn't controlled, that is not state
• 23:34
  owned. In this time of instability, in
• 23:37
  this time of uncertainty, we can't just continue to double
• 23:40
  down on a money that is not working for us, which is why we
• 23:44
  always say on the show like everyone needs better money.
• 23:47
  This is what it really all boils down to, the reason we see a lot
• 23:51
  of the problems in the world right now, the reason we're
• 23:53
  seeing such uncertainty in the world right now, for better or
• 23:56
  worse, it is because the US dollar, this currency, this
• 23:59
  paper money, this IOU is the world reserve currency.
• 24:02
  We, we got to remember the current monetary experiment that
• 24:06
  we are living through as Fiat as you know, currency as a paper
• 24:11
  IOU being the world reserve currency.
• 24:13
  It hasn't been like this for, you know, that long.
• 24:17
  It's really been only in the blink of an eye the last 100
• 24:19
  years. Well, really, you could argue
• 24:21
  since 71 is when we've been living on this paper money.
• 24:25
  I owe you debt as money, government words as money
• 24:29
  decree. And we can see the havoc it it
• 24:32
  has, you know, unleashed on the world.
• 24:35
  And here we are as bitcoiners just just looking at it and be
• 24:38
  like, we just need to get back on a hard money standard.
• 24:40
  Like it's really that simple. Obviously it's not going to fix
• 24:43
  everything well. We need to dismantle the
• 24:46
  inequality of power here. I think that's what it like
• 24:50
  ultimately comes down to, like when we ask the question and
• 24:53
  what is money? Yes, we use it to transact.
• 24:55
  Yes, we use it as a means of storing value, but it's also
• 25:00
  ultimately just a store of power.
• 25:03
  And when one party can print it, you know, into oblivion for free
• 25:08
  and control that medium of exchange for everybody else who
• 25:13
  really holds the power, what does money actually morph into?
• 25:17
  It morphs into this great inequality that people are
• 25:22
  forced to contend with. And that's that's what people
• 25:25
  are waking up to now. That's what the Internet has
• 25:29
  enabled us to realize. That's what freedom of speech
• 25:32
  has enabled us to realize. And I think that a lot of people
• 25:37
  are waking up to it. They're realizing that their
• 25:39
  banks have way more control than they should.
• 25:42
  And they're, they're, they're looking for a way out and they
• 25:46
  know that it exists. And those who don't, you know,
• 25:50
  they're going to continue to, like, kind of like, go along
• 25:54
  with the status quo until they realize that it's too late and
• 25:59
  things get worse than they already are.
• 26:01
  Yeah, I I couldn't agree more with that.
• 26:03
  And, and I think my final point to kind of this conversation is
• 26:08
  that I am, I'm extremely happy to see Bitcoin.
• 26:15
  I think be finally, even though maybe it's not perfect and, and
• 26:19
  you know, it doesn't really matter about your, your
• 26:22
  political views here, because I think it's much bigger than just
• 26:24
  left or right spectrum. But I love to see that we are
• 26:28
  starting to see Bitcoin enter the mainstream conversation as a
• 26:33
  tool for freedom, as as a tool to oppose oppression for
• 26:37
  everyone out there. And it really, you know, it all
• 26:40
  goes back to, Hey, we can't save anything.
• 26:43
  You know, I, I forget what the numbers are, but essentially
• 26:48
  every one of us has just an average layman is like worse off
• 26:51
  than mid century peasants here. And there's no escape if you
• 26:55
  don't have a good money. And as you were saying earlier,
• 26:58
  you know, the divide right now is larger than it's ever been.
• 27:01
  I think I the last metric I saw was what like the top 1% owns I,
• 27:06
  I forget what the number is, but it's like 80% of all the the
• 27:09
  world's wealth or something like that.
• 27:11
  Let me I'll double check bring. Up the stock market, I think
• 27:13
  it's like 7. No, it is.
• 27:15
  It's I think it actually it's 80. 2.3% of companies ever
• 27:19
  since, you know, Wall Street was created, have donate, have
• 27:24
  donated, not donated, but they've created the entirety of
• 27:27
  the wealth of the S&P 500. So, you know, I don't think that
• 27:34
  that's a control thing. There's been so many companies
• 27:37
  who have given value to this country and to the world at
• 27:40
  large. It has to do with the money and
• 27:43
  it has to do with how these companies have gained the system
• 27:47
  so that not only they could beat out their competitors, but they
• 27:50
  could beat out the normal everyday person.
• 27:55
  And that's not capitalism, that's cronyism, and that's just
• 27:59
  as bad. As capitalist system for a long
• 28:03
  time. Correct, correct.
• 28:04
  And I think that Bitcoin is kind of like the ultimate equalizer
• 28:08
  because we could go back to an equal system where we reward
• 28:13
  value, we reward incentives, we reward people who actually earn
• 28:19
  what they are making. But right now there is so much
• 28:24
  proof of stake in the system, not just economically, but
• 28:28
  culturally and the things that we value society, that it, it
• 28:33
  feels like it's almost impossible to get out of this
• 28:35
  rat race. And Bitcoin is that opportunity
• 28:39
  to get out. And I think a lot of people,
• 28:41
  again, because they're being faced with the threat of a CBDC
• 28:45
  because they are tired of living this life where other people are
• 28:50
  controlling them through the monetary system.
• 28:54
  They are figuring out that this is kind of the only way.
• 28:57
  And by the way, countries at large may be feeling that way
• 29:00
  too. This might not just be an
• 29:01
  individual sentiment. I think that countries like, you
• 29:05
  know, the, the countries that started bricks are realizing
• 29:08
  this. They don't want to be under the
• 29:10
  thumb of the the dollar anymore because they realize that we are
• 29:16
  holding a tremendous amount of power by just being able to
• 29:19
  print it. And so they're even trying to
• 29:23
  divert and find their own path through making a new monetary
• 29:27
  system backed by gold, backed by oil.
• 29:30
  But what they don't don't realize is that those assets
• 29:33
  aren't completely finite. And what gives Bitcoin, it says
• 29:37
  is its edge, as we all know, is the scarcity aspect of it.
• 29:41
  So I think that if governments are waking up to that and they,
• 29:47
  you know, a, a country like France who loves to control its
• 29:52
  people, is waking up to that. And, and their understanding
• 29:55
  that it's either Bitcoin or, or slavery like to the system, to
• 30:01
  the dollar, to, you know, the, the, everything that we've been
• 30:05
  dealing with before, then I think that it's perfectly
• 30:09
  reasonable for, you know, Germany and, and the rest of the
• 30:13
  European Union to wake up to the fact that Bitcoin is going to
• 30:17
  save them. Yeah.
• 30:19
  And I, and I think as we, you know, enter in the next couple
• 30:23
  of years, particularly in the short term, I think we're going
• 30:28
  to see this divide increase where I think we're going to see
• 30:33
  more and more divide be kind of spread around, around Bitcoin
• 30:39
  And, and what it actually does. You know, one side's going to
• 30:41
  hate Bitcoin, the other side's probably going to embrace
• 30:43
  Bitcoin and they might just, you know, have a knee jerk reaction
• 30:46
  and hate Bitcoin because the opposite side is embracing
• 30:49
  Bitcoin. Where in reality, as I've been
• 30:51
  saying for a long time, it's like if everyone embrace
• 30:53
  Bitcoin, then maybe we, we get back to a OK, now we got to, you
• 30:57
  know, view them on their other policies here.
• 31:00
  But where we are now, it's like if you're embracing Bitcoin, you
• 31:03
  may not be perfect, but you're probably a little closer to what
• 31:07
  I believe in. Yeah, actually the reality is
• 31:10
  that if everybody embraced Bitcoin, we would all be closer
• 31:14
  to getting what we want. And that seems like an
• 31:17
  impossibility right now. But the reality is that if the
• 31:20
  base layer of society, if economy, if the economy was
• 31:24
  fixed essentially by backing it with a hard asset again like it
• 31:28
  used to be before 1971, then we could actually get to talking
• 31:35
  about the issues that are dividing us and get closer to a
• 31:40
  solution that would be better for everyone.
• 31:47
  This is why Nico is A1 issue voter he's he's back, so I
• 31:54
  control him guys, he's he's back.
• 31:55
  OK, I I control him a little bit now.
• 31:57
  All right guys, I'm going to keep it moving.
• 31:58
  Of course, before I do, I do want to remind you guys to smash
• 32:02
  like button comment on the show. Let us know what you think and
• 32:04
  then, of course, hit the subscribe button.
• 32:06
  If you like what we're doing here.
• 32:08
  We have shorter, more digestible content on our channel.
• 32:11
  We drop probably the most content out of anyone.
• 32:15
  And then of course, for the rest of the show.
• 32:19
  I got a good clip from Anthony Pompoliano.
• 32:21
  And a lot of people have been talking about the great rollover
• 32:25
  from gold into Bitcoin. It might be happening as we
• 32:28
  speak. And then, you know, we gotta, I
• 32:31
  think what we're seeing right now, I know everyone's tired for
• 32:35
  the news. I think we might be seeing a, a
• 32:37
  perfect coiled spring here, guys.
• 32:39
  I think the consolidation we're seeing is actually very healthy.
• 32:43
  We'll see, we'll see if there's still a little volatility.
• 32:45
  We might have a little more volatility later today after
• 32:48
  this FOMC meeting. And I, I'm going to try to keep
• 32:52
  the show going a little bit. I don't know if I'll, I'll be
• 32:54
  able to stretch the show out long enough to hear the
• 32:57
  announcement. But if it does, if we do go a
• 32:59
  little longer, then we'll probably do a live reaction to
• 33:03
  what the FOMC meeting actually announced.
• 33:08
  They say it's around 2:30. Who knows if it actually
• 33:11
  happened at 2:30. But if it does, we might still
• 33:13
  be on the show live and and we can chat about it.
• 33:16
  So again, before I go on, I do want to talk about our partner
• 33:21
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• 33:24
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• 33:27
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• 33:51
  history of Bitcoin, if you leave your Bitcoin on an exchange, if
• 33:55
  you give your Bitcoin to a third party, there is a non zero
• 33:59
  chance that they might rug pull you and you won't actually have
• 34:03
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• 34:08
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• 34:11
  Maybe it's an extra set. Maybe it's one more hurdle for
• 34:14
  some of the you newer people. But I'm telling you, if you get
• 34:17
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• 34:19
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• 34:20
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• 34:24
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• 34:40
  everyone every single spin, but I haven't seen the million sets
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  Bitcoin get those sets all right guys on that note 1 commercial
• 34:51
  break and we'll be right back. I want to give a shout out to
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• 36:00
  and use promo code simply to get 15% off anything on the Stamp
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  se-ed.com store. OK guys, we are back and the
• 36:14
  current Bitcoin prices, let me refresh this.
• 36:17
  The current Bitcoin price is 111,260 at least.
• 36:22
  At least. We're so close to 11/11/11
• 36:25
  11:11. Yeah, at least I don't, I don't
• 36:28
  know what exchange Clark Moody's dashboard is connected to, but
• 36:31
  we'll, we'll take this price right now, apparently SO111260.
• 36:35
  The decline from all time high is -11.8.
• 36:39
  The current market cap is 2.22 trillion and the block height
• 36:43
  TikTok next block the only time that matters 921,347.
• 36:51
  OK, so as I was telling you we've actually been covering
• 36:54
  this idea on the show. I think I started last week when
• 36:59
  we saw the gold price retrace about 5% on Friday lost a couple
• 37:06
  trillion on its market cap. It has it got all the way down
• 37:09
  to like a -10 retracement from yesterday.
• 37:13
  Currently the last I saw this morning is roughly around 8%
• 37:17
  retracement. Remember, if some of that
• 37:19
  capital, even a small percentage of that capital, flows into
• 37:22
  Bitcoin, that means the price is going up, and that's really
• 37:26
  probably what everyone cares about.
• 37:28
  But if all of that literally rolled over today, I don't know
• 37:31
  what the 8% math would be, but that would take it to about like
• 37:36
  253100K per coin. I don't think that that is
• 37:40
  what's happening, but we are starting to see some life back
• 37:44
  into the price. And again, we're seeing the gold
• 37:47
  retrace and a lot of people have been connecting this to what
• 37:50
  happened during the 2020 bull run.
• 37:52
  So with that, I will play this clip from Anthony Pompiliano,
• 37:56
  which kind of breaks down if this is happening, what we'll
• 37:59
  see. Gold runs, first the coin kind
• 38:03
  of hung out around 10,000 dollars, $8000 somewhere in that
• 38:06
  range. All of a sudden the gold run got
• 38:08
  exhausted. There was now not as much demand
• 38:11
  because so many people have been buying gold and you had gold
• 38:13
  kind of turnover and cool off a bit.
• 38:15
  Still great, right? It was good inflation hedge.
• 38:17
  But once that turnover happened and you start the cooling off of
• 38:20
  gold Bitcoin, then that was pretty much the inflection
• 38:23
  point. Bam, here we go and we went from
• 38:25
  10,000 to 64,000 in less than six months game time.
• 38:28
  It was awesome. We all had a lot of fun.
• 38:31
  Now we have a very similar set up.
• 38:33
  Gold is up significant. It's up over 50% in 2025.
• 38:37
  People are like, wow, that was crazy.
• 38:39
  But it looks like it's peaked and starting to cool off now.
• 38:41
  And all of a sudden you're now starting to see Bitcoin get a
• 38:45
  little bit of momentum to it. And so the question is, or what
• 38:48
  people are insinuating is, is there some relationship where
• 38:52
  once gold runs first and then it peaks and starts to cool?
• 38:55
  Is that the catalyst for the Bitcoin, right, the great
• 38:57
  rotation from gold to Bitcoin? I did hear a pretty interesting
• 39:01
  anecdote. I, I've heard, I, I don't know
• 39:06
  how to confirm this, but I have heard that there are people who
• 39:11
  are showing up in like the Diamond District here in New
• 39:14
  York with all kinds of jewelry and stuff that like gold
• 39:17
  jewelry. Because now all of a sudden
• 39:18
  it's, you know, $4200 an ounce and they're just turning it in
• 39:22
  and there's like lines and stuff.
• 39:24
  I don't know if this I want to find somebody to try to confirm
• 39:27
  this, but that would signal to me the gold run, you know, like
• 39:31
  turning in the gold, right, in order to get dollars, then you
• 39:35
  basically just get the satisfaction of of the demand.
• 39:40
  And so if that's the case and Bitcoin runs from here, it'd be
• 39:44
  a repeat of 2020. I don't like to extrapolate off
• 39:46
  of, you know, kind of one single data point, but when you line
• 39:50
  the charts up, it looks awesome like, you know, it looks like
• 39:52
  Bitcoin will go up. So let's see what?
• 39:55
  Happened. That looks awesome to his
• 39:56
  anecdote. Again, it sounds like he was
• 39:59
  saying he's heard people talk about it.
• 40:01
  And obviously this is also anecdotal, but I have seen on
• 40:05
  social media a bunch of people literally melting down watches
• 40:08
  and going to the diamond district and just cashing in
• 40:13
  their jewelry just for the price of gold.
• 40:15
  So I've seen this with my eyes. Obviously it was a few cases.
• 40:18
  We can't really say that everyone is doing this, but
• 40:22
  again, if this is the case and we're seeing gold finally cool
• 40:26
  down a lot and some of that capital comes into Bitcoin, then
• 40:30
  everyone is connecting it to this.
• 40:32
  And this is what happened in 2020 is, you know, as gold.
• 40:36
  Here. Let me zoom in a little bit and
• 40:38
  and I've showed you guys this for I think a couple of times on
• 40:41
  the show. And of course, who knows if this
• 40:43
  is exactly what's happening, but if it is, as Pomp was saying, we
• 40:47
  might be in for a good time. And we're always here for a good
• 40:50
  time. Maybe not a long time, but a
• 40:51
  good time. I really want to see the price
• 40:53
  run again. Sophie, I'm.
• 40:56
  I just don't even care anymore. I'm tired, boss.
• 41:01
  I just don't even care anymore. I'm just grateful to have
• 41:03
  Bitcoin at this point and like hold something that isn't going
• 41:07
  to get massively devalued after today's announcement.
• 41:10
  But you know, it's kind of getting tired, this narrative
• 41:15
  where it's like everything looks good.
• 41:18
  Everything. It sounds like a like when you
• 41:20
  go to a hospital and you're dying and a doctor tells you, I
• 41:24
  don't know what's wrong with you.
• 41:26
  Everything looks good, your vitals are awesome, but you're
• 41:29
  just like literally feeling like the loss of life trickling out
• 41:34
  of your body every 5 seconds. That's what this bull run has
• 41:38
  felt like. And I'm tired, boss.
• 41:42
  Like I'm tired. I I am totally, totally tired.
• 41:47
  I, you know, I was promised a bull run stuff and, and we
• 41:51
  haven't got it yet and. Maybe we will, and maybe we will
• 41:54
  like it. It might just be a question of
• 41:57
  confidence, like how much do we believe in this thing?
• 42:01
  How much do we believe in the fundamentals of Bitcoin?
• 42:06
  Everything is set up the stage. I mean, it's like it's almost
• 42:10
  like we're waiting for people to like get into the auditorium so
• 42:14
  that we could put on the show and so the bull run could just
• 42:17
  like go off. But I'm tired of this this thing
• 42:21
  that everyone is saying, including us saying like, you
• 42:24
  know, that's the stage seems to be great.
• 42:27
  The ETFs are performing super well.
• 42:29
  The governments are adopting Bitcoin.
• 42:32
  Every France has a strategic reserve now all of a sudden,
• 42:35
  maybe like, who cares if the price isn't going up?
• 42:42
  Like, what does this do for my life aside from, you know,
• 42:47
  great, My, my, my purchasing power isn't getting debased.
• 42:52
  That's awesome. However, we've sacrificed.
• 42:56
  We've been here early. I mean, though to to that point
• 43:00
  of your purchasing power not being debased, I think at this
• 43:03
  point, like, is that even, is that even true?
• 43:09
  You know, Bitcoin's been flat all year, you know, like it's
• 43:12
  been completely flat all year. So I think at this point and I
• 43:17
  think here to date what it we're up like 15%.
• 43:20
  So I, I think if you really look at the I, I think so I actually,
• 43:25
  that's not bad. Yeah.
• 43:26
  I mean, well, it's horrible, but you know it.
• 43:28
  It is. Horrible for you know, that's
• 43:30
  the other part of this, right? Bitcoiners are really spoiled to
• 43:35
  the returns and the longer. You wait wait in the chat when
• 43:39
  Fiat games. Yes.
• 43:42
  Seriously. No.
• 43:44
  But really, like bitcoiners are so spoiled to the expectation
• 43:49
  that we're supposed to get like at minimum of 5X.
• 43:54
  I'd be happy with the 2X at this point and and.
• 43:59
  I dude I'd be happy with just breaking all time high with some
• 44:02
  conviction. Right.
• 44:03
  And I bet that we would still complain about it realistically
• 44:08
  so. OK guys.
• 44:10
  So I just did a quick, I just did a quick year to date here.
• 44:14
  So year to date. So if we are up 17.3%, so the
• 44:20
  CAGR so far this year, less than 20, you know, sailors been
• 44:24
  saying 20% minimum in the beginning of the year.
• 44:27
  We're like, man, that's so bearish at this point.
• 44:29
  It's like, could we just get the 20% kegger?
• 44:32
  Like can we just get the 20% kegger, please?
• 44:36
  So, OK, you know, fact checking myself in real time, we have
• 44:40
  beaten inflation just barely, just barely.
• 44:43
  I mean, it depends. If you believe the CPI numbers,
• 44:46
  we're killing it. If you believe the unofficial
• 44:49
  numbers in May, you know, who knows what the real unofficial
• 44:52
  inflation is. It's a lot, lot of people have
• 44:54
  been saying it's in the double digits, you know, maybe ten,
• 44:57
  1215%. So maybe that's why maybe so
• 45:01
  maybe we just cracked it. Maybe that's why we feel like it
• 45:05
  hasn't really been moving that much because the real inflation,
• 45:09
  it's probably double digits bitcoins up, you know, 17% on
• 45:14
  the year. I know the CPI numbers are
• 45:16
  coming in a little hotter than the 2%, it's at 3%, but we all
• 45:20
  know those numbers are fake. That's that's totally fake.
• 45:22
  I verified that by doing groceries the other day.
• 45:27
  I was horrified by the amount of money that I was and and like,
• 45:32
  I'm usually the type of person that buys the exact same stuff
• 45:36
  and it's always pretty much the same number at the end.
• 45:41
  Like that I swiped my card with and it was significantly higher
• 45:47
  this week. Don't know why, but yeah.
• 45:53
  Yeah, not Look, I, I, I don't mean to pick on you, Ron in the
• 45:57
  chat, you, you know, you're my homie, bro.
• 45:59
  You know you're my homie. But he he says it and and he's
• 46:03
  like one of the most bullish guys in the chat.
• 46:05
  And he's like, look. Yeah, we're all just being super
• 46:08
  real right now. Yeah, exactly.
• 46:09
  He's like. Look, we're not going to lie to.
• 46:11
  You. We're not going to.
• 46:12
  And, and we're all feeling it. Like that's the thing.
• 46:14
  I'm tired of pretending that nobody feels it because because
• 46:18
  we do. It doesn't mean that we're going
• 46:19
  to sell. It doesn't mean that we've
• 46:20
  stopped believing in Bitcoin. It doesn't mean any of that
• 46:23
  stuff. It doesn't mean that we're
• 46:24
  bears. I still feel like this has to go
• 46:29
  to at least 200, in my opinion at least, like in the $200,000
• 46:34
  range, right? Because because of everything
• 46:38
  that Pomp just said in that video.
• 46:39
  I mean, the set, the stage is so perfectly lit up right now for
• 46:44
  us to have an incredible bull run.
• 46:47
  And yet it is the passage of time.
• 46:50
  It's this like intangible thing that we can't see that is
• 46:55
  wearing people out. And it actually reminds me, and
• 46:58
  I'm going to cover this on my show dropping tomorrow.
• 47:00
  Hopefully it. Reminds me plug plug, plug.
• 47:03
  Plug, plug, plug, plug. Subscribe.
• 47:06
  It's the same channel. It reminds me of The Big Short
• 47:11
  when Michael Bury made the call that the housing crisis was
• 47:16
  going to happen. A lot of you might not remember,
• 47:18
  but he said it was going to happen in 2007, and it actually
• 47:23
  didn't happen until 2008. And those months in between must
• 47:28
  have been brutal because this man put everything on the line.
• 47:32
  And I think a lot of us identify with that sentiment that we have
• 47:35
  put everything on the line for years.
• 47:39
  Because I think he started this in 2005, right?
• 47:43
  So he waited all of this time, which in Wall Street, two years
• 47:48
  is an eternity, and then he had to wait a couple of more months.
• 47:51
  And that time must have felt like absolute purgatory, right?
• 47:57
  It must have felt psychologically.
• 47:59
  I totally get what he went through.
• 48:01
  Right now it's. Right.
• 48:02
  I like, I feel like like I totally get it.
• 48:05
  I'm going to watch that movie later tonight just to like get
• 48:08
  back in the mindset that I know I'm right.
• 48:11
  I we have to be right because all of the facts align.
• 48:15
  This isn't like a feelings thing where it's like I'm looking at
• 48:18
  everybody talking about it on Twitter and that means that we
• 48:21
  have to go up because the community, man, the community is
• 48:24
  making Bitcoin like no, these are institutions, These are
• 48:27
  government institutions. These are this is BlackRock, OK?
• 48:31
  These are the people that own all of the homes in the United
• 48:34
  States. They're bullish on Bitcoin and
• 48:37
  it's been their best performing asset.
• 48:39
  You're going to tell me that this stuff is not going to go
• 48:41
  up? I mean, it just like it wouldn't
• 48:44
  make any sense. I still have my convictions,
• 48:46
  100%. And you know, like someone said
• 48:49
  in the chat, yeah, this is 100% better than inflation, but I
• 48:52
  want more. Yeah, chat on Rumble, it says.
• 48:55
  Selfies. Fed up, Nico shaking, but that
• 49:00
  was. Nico is actually like holding it
• 49:03
  down pretty well to. Be, I don't know, he's bearish.
• 49:06
  No, not at all. We we actually had a
• 49:09
  conversation. He'll probably tell you about it
• 49:11
  tomorrow, but he agrees that Wall Street is, you know,
• 49:15
  they're just shaking off we cans, so don't be weak.
• 49:19
  You know, I, I love, I love that.
• 49:21
  I'll, I'll tell Nico that and then he'll repeat it to you like
• 49:25
  months later, like it's his original thought and he just
• 49:28
  dude, I get no love over here. He doesn't, he doesn't doesn't
• 49:30
  take anything I say seriously. Anyways, we do have a good
• 49:33
  comment in here by SAT Wise and, and I think there is some signal
• 49:37
  here. SAT wise Yanks goes, S&P 500 is
• 49:40
  up 15% Opti. What does that tell us retail is
• 49:43
  not in when all our games are similar as Wall Street?
• 49:46
  Wall Street now runs the show. And I've been saying that for a
• 49:50
  minute, like, guys, you know, I know we've always been talking
• 49:54
  about the institutions coming into Bitcoin and I've, I've been
• 49:57
  kind of reiterating the be careful what you wish for.
• 50:02
  But I've been jokingly saying it's like we're trading the S&P
• 50:05
  500 now. And if it's just S&P 500 with a
• 50:08
  little more, you know, a little more juice.
• 50:10
  As of now, if you know, 15% of this year, Bitcoin's up 17%.
• 50:15
  It's like, man, I really do miss the old days.
• 50:18
  I really do miss the old days. So when I got in it was a lot
• 50:21
  more. Fun.
• 50:22
  That is the privilege of getting in early into Bitcoin.
• 50:25
  Remember what they say. You buy at the price that you
• 50:28
  deserve. And, you know, who's to say that
• 50:31
  this is worse than what, you know, people early on went
• 50:36
  through when they had to experience dumps of like 60 to
• 50:40
  80%, you know, and ride that all the way down and then come all
• 50:44
  the way up. This is just going sideways,
• 50:48
  which is, you know, it's, it's beneath our expectations, but
• 50:52
  it's still, it's still better than dumping to 80% in my
• 50:58
  opinion. Well, hopefully you are.
• 51:01
  Hopefully what you said does kind of come true in the in the
• 51:04
  sense, you know, you're, you were talking about the Michael
• 51:06
  Bury analogy and it took him an extra year.
• 51:10
  And of course it is an anecdote. It is like a metaphor.
• 51:13
  But if we see something similar again, this is does art imitate
• 51:19
  reality or reality imitate art. Maybe, maybe Sophie just maybe,
• 51:24
  means 2026 is when we pump. Maybe I mean we we thought.
• 51:28
  Please if you can hear us. Well, here's the thing.
• 51:31
  Like we were feeling that way towards the end of 2024 when we
• 51:35
  first reached 100,000, but Trump was recently, you know, elected
• 51:40
  and everything. Seems like 2025 was going to be
• 51:44
  our year. And now we're here, right?
• 51:48
  Not to say that it's not going to be our year.
• 51:50
  I mean, we still have November and December to go.
• 51:52
  I mean, we have no idea what's to come because at this point
• 51:57
  we've made all the wrong calls, right?
• 51:59
  Bitcoin does what it's going to do anyway.
• 52:02
  And let's just, I mean, we got to just see what happens, right?
• 52:06
  Someone in the chat. At least it isn't going down.
• 52:09
  Wait, wait. Anyway.
• 52:12
  I want my drummer sticks. I feel like that was like a
• 52:14
  coping mechanism for him. For reals.
• 52:17
  OK, guys, what we're going to continue this conversation of a
• 52:22
  little bit of is this bullish of what we're seeing right now
• 52:26
  because we did get AI want my money Michael exactly my man.
• 52:30
  I thought I thought Michael Saylor was going to pump our
• 52:32
  bags. I guess we're wrong to Michael
• 52:35
  you are losing employee of the month.
• 52:37
  Anyways, we'll, we'll talk about, I think we did get a kind
• 52:41
  of interesting number come out in regards to Bitcoin above 100K
• 52:46
  probably you know, one of the longer streaks of a of a price
• 52:50
  point that Bitcoin accumulates in and and I'll make my case why
• 52:53
  I think this is bullish. So we'll be right back.
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  your grandma can use it and you can gift it to all of your
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  family. Am I doing it right?
• 55:57
  Am I doing the the little tapping noises right?
• 56:00
  I think you need to get it closer.
• 56:02
  I think I need to get like longer nails for this stuff.
• 56:05
  Yeah, it totally, totally needs. All right, Anyways.
• 56:08
  I turned it on back so like. What like anyways, guys, let's
• 56:12
  get into this. So we did get a pretty pretty
• 56:16
  good, pretty good, pretty good numbers guys.
• 56:20
  I'm I'm not going to lie, this I think this is actually low key
• 56:24
  bullish, even though it doesn't feel like it.
• 56:25
  I know everyone in the chat like they're they're saying simply
• 56:28
  get it together. You know, bitcoins going up like
• 56:32
  we're just we're just summing up the the feeling of everyone in
• 56:35
  the chat. Even even the most bullish
• 56:37
  bitcoiners right now are like man, like the sideways action
• 56:40
  been brutal. It is what it is.
• 56:43
  You know, we've been here before we'll be here the next time it
• 56:46
  happens. We're going to be here for the
• 56:47
  long run, but you know, we're only human.
• 56:49
  I can't. Can I vent for you guys?
• 56:51
  Can I be a real human instead of a robot on the show for you
• 56:54
  guys? Sheesh.
• 56:55
  Anyways, this is what I want to talk about because I think what
• 56:59
  we're seeing is actually incredibly bullish.
• 57:03
  So Wicked here, let me play this and hopefully.
• 57:07
  OK, so Bitcoin, this was today or maybe you posted this
• 57:12
  yesterday. Let me actually let me go to the
• 57:14
  Wicked 1 so I can get the exact date.
• 57:17
  This was a couple days ago. So we're past the 200 daily
• 57:20
  close above 100K. You can see it.
• 57:22
  I'll let this play out for a little bit.
• 57:24
  So again, I know the consolidation, the sideways
• 57:28
  action, it feels kind of brutal, especially as you know, we were
• 57:32
  talking about, we've been saying this on the show for a while
• 57:35
  that it does feel like maybe we are, I'm sorry, I was trying to
• 57:43
  mess with this a little bit. Maybe we are feeling as if
• 57:46
  Bitcoin is underperforming because we all expected it to go
• 57:49
  a lot higher in 2025. And we're seeing right now, hey,
• 57:53
  we were going sideways. A lot of there's a lot of
• 57:55
  speculation on what's going on is a, is a four year cycle over?
• 57:59
  Are the institutions in total control and they don't really
• 58:02
  want to see Bitcoin RIP? Like where's retail?
• 58:05
  What's going on? Are we no longer going to see,
• 58:07
  you know, incredible gains in the market anymore?
• 58:11
  All that being said, the fact that we've held above 100K for
• 58:15
  this long, I think it's showing us that this is still a healthy
• 58:19
  consolidation. I know we are looking at maybe a
• 58:22
  potential stairway to Heaven type new market structure, which
• 58:27
  is one of the new memes going around that like we're going to
• 58:29
  pump, it's going to consolidate and then it's going to pump
• 58:32
  again and then consolidate. We're going to literally get
• 58:34
  bored to death here to $1,000,000 per coin, etcetera.
• 58:41
  There was one other one from Wicked that I'm going to pull up
• 58:44
  right now, which I think is kind of showing us where potentially
• 58:49
  the price, or rather how the price is going to move.
• 58:53
  Did I like it? I I thought I was, I thought I
• 58:55
  had this loaded up, but I didn't.
• 58:59
  Maybe I'll find it. I'll oh, here we go.
• 59:01
  OK, He posed the question, how would you feel about the price
• 59:05
  action? The sideways chop for another
• 59:07
  six months run up to 150 KQ, 22026 sideways chop for another
• 59:13
  six months and the epic run up to 200 K.
• 59:18
  You can see it here. And that's the, you know,
• 59:20
  picture perfect stairway to heaven.
• 59:23
  It just kind of pumps up. Consolidated chops pumps up
• 59:26
  consolidated chops pumps up again.
• 59:28
  Consolidated chops pumps up. Maybe that's the new structure
• 59:31
  that we're in guys and and I know it's not everything that
• 59:36
  we're used to and we want to see the price get crazy and frothy,
• 59:42
  but this might be where we are right now again, so we've.
• 59:46
  We were promised a degen. Yeah, and.
• 59:49
  But but we've settled down and, and I think Bitcoin has really,
• 59:53
  I mean, we make the joke that Bitcoin has become our favorite
• 59:55
  stable coin, but it's actually stabilizing.
• 1:00:00
  Yeah, unfortunately. It unfortunately but also.
• 1:00:04
  Fortunately. Yeah, yeah, 'cause like and.
• 1:00:08
  And and to that point, this next week that I was going to bring
• 1:00:11
  up, you know, Bitcoins 90 day volatility has been this low in
• 1:00:15
  just 7.76% of its history, basically exclusively during
• 1:00:20
  late bear or early bull market. And each time it hits this low,
• 1:00:24
  Bitcoin's price has climbed higher over the ensuing 6
• 1:00:27
  months. The coiled spring is very real.
• 1:00:30
  So again, are we seeing late bear market action or has the
• 1:00:36
  bull run not even happened yet? Which obviously we would love
• 1:00:39
  for the bull run to not have happened yet, but it does feel
• 1:00:42
  like a coiled spring. It does feel like the fact we've
• 1:00:46
  consolidated for so long above 100K does make you feel like
• 1:00:50
  it's going to break out. And we are starting to also see
• 1:00:53
  the Bitcoin, the number of accumulating addresses.
• 1:00:56
  So people are buying it up right now to 100K.
• 1:00:58
  It is starting to look like people are getting their
• 1:01:01
  position. They're starting to see
• 1:01:04
  everything. Maybe all of the selling or
• 1:01:06
  quote UN quote selling has subsided and there's, you know,
• 1:01:08
  once the sellers get exhausted and it turns into a buying
• 1:01:12
  market that that's quintessential bull run here.
• 1:01:17
  So look, we've been consolidating over 100K for over
• 1:01:22
  200 days. I guess now it's like 2O52O
• 1:01:25
  four. So I, I, I think the
• 1:01:28
  consolidation, lower volatility, I think it's, you know, as
• 1:01:33
  someone in the chat said any day now, even though we've been
• 1:01:35
  saying any day now for like 700 days for like 2 years, we've
• 1:01:38
  been saying any day now. But it's like it feels it's,
• 1:01:42
  it's coming, it's. It's like that scene of in The
• 1:01:45
  Dark Knight when the Joker is trying to do something to a
• 1:01:50
  hospital. I can't.
• 1:01:51
  I have to. Be he's hitting the clicker.
• 1:01:52
  He's hitting the clicker and nothing happens, and then all of
• 1:01:55
  a sudden something really big happens.
• 1:01:59
  It's that's what it feels like. Let's hope.
• 1:02:02
  We can only hope. We can only hope.
• 1:02:05
  OK, so it looks, it looks like we're we might be able to keep
• 1:02:10
  the show going 'cause I, I was going to talk about rate cuts a
• 1:02:14
  little bit and it looks like we might be able to go long enough
• 1:02:20
  so that we can talk about it live.
• 1:02:24
  So maybe I'll have self looking you guys in the chat.
• 1:02:28
  Maybe you guys will see what the announcement is, but we're we're
• 1:02:33
  going to chat about it a little bit.
• 1:02:34
  So we'll be right back after our last commercial break and we
• 1:02:37
  will chat about what we can potentially see if we get some
• 1:02:41
  rate cuts. I want to give a shout out to
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  All righty then, guys. So we're literally what about 5
• 1:04:51
  minutes away from hearing whether the Fed is going to cut
• 1:04:55
  rates, What this, what this can potentially do to the market.
• 1:04:59
  Obviously the idea is the markets I think and and
• 1:05:04
  Bitcoin's probably reacting pretty favorably to it.
• 1:05:06
  But from most speculation, it's like a 99.9% chance that we are
• 1:05:12
  going to see at least a 25 bit cut.
• 1:05:15
  I know there's been speculations of something higher, but it
• 1:05:18
  seems like 25 bits are like completely locked in again.
• 1:05:21
  We got about 5 minutes before it should hit the, you know,
• 1:05:26
  Twitter verse. So I, I will kind of chat.
• 1:05:28
  We'll, we'll stick around for, you know, a little while longer
• 1:05:31
  and hopefully we can see what is going on.
• 1:05:34
  But it seems like the cuts are, are pretty much locked in now.
• 1:05:38
  The real concern. I mean, we, we could also be
• 1:05:40
  wrong. Obviously we have no clue there.
• 1:05:43
  There has been, I guess you could say kind of this political
• 1:05:47
  fight right now. Trump's been telling Jay Powell
• 1:05:49
  to cut rates too. What's it too late?
• 1:05:51
  Powell on cutting rates. So it seems like maybe the Trump
• 1:05:56
  administration is winning this. A lot of people are expecting
• 1:05:58
  the rate cuts to happen right now.
• 1:06:00
  I know a lot of Bitcoiners are like, dude, I thought we got
• 1:06:02
  into bitcoins so we don't have to care about what happens from,
• 1:06:05
  you know, the the chair of the Fed.
• 1:06:08
  But as we've seen this year, the institutions are here, I, I
• 1:06:13
  could, I would argue they're probably very favorably in
• 1:06:16
  control of what's going on with the price.
• 1:06:18
  They're all waiting on the sidelines, waiting for the
• 1:06:20
  uncertainty to pass. And of course, with these Fed
• 1:06:23
  rate cuts, it does align perfectly with what the Trump
• 1:06:26
  mandate is. And of course what we know about
• 1:06:29
  the national debt and where the economy is and the and the
• 1:06:32
  global economies are right now essentially as, as some was
• 1:06:36
  summed up perfectly by Lynn Alden, they can't stop this
• 1:06:39
  trend. They have to continue to print
• 1:06:41
  money. And of course we do have about
• 1:06:43
  $9 trillion in debt that we need to refinance.
• 1:06:47
  This is why they want to lower the debt so that it's easier for
• 1:06:49
  them to pay off. But of course, with these rate
• 1:06:53
  cuts down, it basically means easier money in the system, more
• 1:06:56
  liquidity in the system. And This is why as bitcoiners
• 1:06:58
  we've been talking about this constantly is like, look, if
• 1:07:01
  they're going to cut rates, it essentially means that they're
• 1:07:03
  going to expand liquidity here. We've all been kind of wondering
• 1:07:07
  what when the money printer is going to go on, it's no longer
• 1:07:09
  if it's a win. Of course, we've heard they say
• 1:07:13
  they're going to stop quantitative tightening, which
• 1:07:15
  doesn't necessarily mean they're going to start easing, but it
• 1:07:17
  does essentially lead to the idea of money printers about to
• 1:07:21
  go Burr very, very soon. But anyways, I did see this
• 1:07:24
  interesting tweet this morning, which is making a pretty good
• 1:07:29
  case here. I don't know who this is.
• 1:07:31
  Ted Pillows survive 2 cycles still here turning on chain and
• 1:07:35
  macroeconomic signals into trades.
• 1:07:37
  Love it. Anyways, he goes.
• 1:07:40
  Bitcoin dropped 6 to 8% after the last three FOMC meetings and
• 1:07:45
  it made a new all time high before the next FOMC meeting.
• 1:07:49
  Will this pattern repeat again? And I don't know if you've been
• 1:07:53
  watching the price this morning, but it did look like we are or I
• 1:08:00
  mean, we went back into the CME gap, futures gap.
• 1:08:03
  It looks like that was kind of close.
• 1:08:05
  It could potentially go a little lower, maybe like AK lower down.
• 1:08:10
  So you know, it looks like, I mean, I know I've said this
• 1:08:14
  before all the time, but is this finally the last dip before we
• 1:08:18
  start to RIP? I could hope so.
• 1:08:20
  I can only hope. So we'll just hang around for a
• 1:08:23
  little bit. So again, if we do see
• 1:08:27
  something, I'm sure we're going to see a little bit of
• 1:08:29
  volatility. I don't know if you guys were
• 1:08:31
  watching the last FOMC meeting, but I was literally sitting
• 1:08:35
  there with Jerome Powell talking.
• 1:08:38
  And then I had the the price of Bitcoin on a one minute chart
• 1:08:41
  and you could just see the fluctuations and it was so
• 1:08:44
  volatile for about like an hour or two.
• 1:08:47
  Obviously, right as he was speaking, right when the
• 1:08:50
  announcement happened, the price was going crazy.
• 1:08:53
  So we might be literally on the verge of symbolic.
• 1:08:57
  Maybe I'll put the one minute. It's at 2. 30 it's gonna be at
• 1:09:01
  2:30 I thought. Yeah, I'm on the, I'm on the
• 1:09:03
  stream. Well, that's when he speaks.
• 1:09:05
  Doesn't it come out? I think it comes out before he
• 1:09:08
  speaks. He's speaking at 2:30, right?
• 1:09:10
  Yes. Yeah.
• 1:09:11
  So I think it comes out at 2:00 and then he's going to go speak
• 1:09:16
  and then we'll see how the market reacts to it.
• 1:09:19
  So we'll hang out for a little bit.
• 1:09:23
  I do have the one minute chart here.
• 1:09:24
  I don't know, maybe it maybe it will here.
• 1:09:26
  I'll pull it up so we can all watch it together just for Will.
• 1:09:30
  This be the rate cut that sends us into the stratosphere?
• 1:09:33
  Likely not. Likely not.
• 1:09:36
  You know I my expectations are. Here's the one minute chart,
• 1:09:40
  guys. Let's see.
• 1:09:41
  We will chill. We'll chill here, OK Oh, OK, I'm
• 1:09:44
  guessing. All right, let me see if I can
• 1:09:47
  find this real quick for you guys on Twitter.
• 1:09:50
  Do we get the announcement? Let's see, they just cut
• 1:09:54
  interest rates, OK, they cut. All right, obviously, obviously.
• 1:10:00
  So cut is in, guys. Let me see if I can find whether
• 1:10:07
  it was 25 bips or 50 bips. So bear with Ohio.
• 1:10:12
  OK, here's Bitcoin mag. The Federal Reserve cut interest
• 1:10:17
  rates by 25 bips, guys. So the 99 Percent 99.9% odds of
• 1:10:26
  them cutting interest rates by 25 bibs was confirmed.
• 1:10:30
  Oh, look at this one minute chart.
• 1:10:33
  OK, so as I told you, volatility back in the market.
• 1:10:38
  Oh, there we go, we're going, we're going green.
• 1:10:40
  Sorry guys. I, I do use blue and red on my
• 1:10:43
  charts because I am color blind and they start to blend.
• 1:10:46
  So blue is green, red is of course red and it looks like
• 1:10:51
  we're dumping. So in real time Bitcoin dumping.
• 1:10:54
  So I will go back to this real quick.
• 1:10:57
  The last FOMC meeting, Bitcoin dropped 6 to 8% before it
• 1:11:03
  started to RIP. So if you are newer in the
• 1:11:06
  market, obviously don't get shaken out.
• 1:11:08
  And this is this is kind of the conversation Sophie and I were
• 1:11:11
  talking about earlier. I think what's becoming very,
• 1:11:14
  very clear is since the institutions are here and they
• 1:11:17
  are kind of in control of the price for now, it does seem like
• 1:11:22
  they are trying to bore us to death here and they're trying to
• 1:11:25
  get your coin. So, you know, if you're seeing
• 1:11:28
  volatility or maybe if you're talking to your friends and
• 1:11:31
  family, 'cause if you're here, you're probably a bitcoiner.
• 1:11:34
  But for the people that are newer, or rather maybe for the
• 1:11:37
  your loved ones back home, you can just show them.
• 1:11:40
  Hey, guys, like look, just bear the volatility.
• 1:11:43
  I'm telling you it, it'll be all right.
• 1:11:46
  You don't need to, you don't need to sell your coin and and
• 1:11:49
  get shaken out. Bitcoin is not, I know it's
• 1:11:52
  dude, it's a one minute chart. And what what it do?
• 1:11:56
  Let's see. Oh, now we're pumping it.
• 1:12:01
  There's a one minute chart, a .27 decline dude breaking half a
• 1:12:05
  half a percent coin. Is going sideways.
• 1:12:08
  Yeah, exactly. There's one minute.
• 1:12:10
  So look, I'll go to the one day chart and you know, it's it's
• 1:12:16
  nothing, but it did dump on the news.
• 1:12:19
  Well, a baby dump, a dump for ants.
• 1:12:21
  But hey, it looks like I think it it looks kind of what we've
• 1:12:25
  been saying. The price of Bitcoin whiplash.
• 1:12:30
  It's what's for dinner exactly. Yeah, this one Bitcoin cap, it
• 1:12:35
  already dumped yesterday and this morning.
• 1:12:37
  Yeah, I think that I think that's what the market is
• 1:12:38
  telling us right now. I think it is pricing in the the
• 1:12:42
  rate cut and hey, it's going higher, guys.
• 1:12:47
  So maybe that was the last dip down to 100.
• 1:12:49
  And oh, OK, one one minute chart, dude.
• 1:12:52
  Stop talking. This is why I like watching the
• 1:12:55
  one minute chart. She said Oh my God, we're
• 1:12:58
  pumping. I'm like it's.
• 1:12:59
  A No, we're not pumping, but look at the volatility.
• 1:13:01
  Look at the one minute chart volatility.
• 1:13:03
  You just love to see it. I hate to see.
• 1:13:05
  It I love watching one minute chart.
• 1:13:06
  This makes me nervous. Guys, this is one of my favorite
• 1:13:08
  pastimes. I'm not gonna lie.
• 1:13:09
  You just sit here and you watch the one minute chart and you
• 1:13:13
  just you let your you let your emotions fluctuate on the one
• 1:13:16
  minute chart. Do not trade the one minute
• 1:13:18
  chart, I'll tell you that much, but it's fun to watch.
• 1:13:21
  It's fun to watch. All right, guys.
• 1:13:23
  So yeah, when this is actually a good when Powell speaks later,
• 1:13:28
  that's when you buy the dip. Exactly guys.
• 1:13:31
  So usually from at least from what I've noticed, you get the
• 1:13:36
  the rate cut announcement, then the market kind of digests this
• 1:13:40
  information for 30 minutes. And then when Jerome Powell kind
• 1:13:44
  of talks, if he's, you know, dovish or hawkish on this, or
• 1:13:49
  you know, he's bearish or bullish or he's just kind of
• 1:13:52
  lukewarm, you will see more volatility in the market.
• 1:13:56
  And if he says something that is extremely bad, you'll see the
• 1:14:00
  price dip. And then that's probably the
• 1:14:03
  best. The one minute chart is for
• 1:14:05
  psycho dude. I don't trade the one minute
• 1:14:08
  chart. I just like to look at the the
• 1:14:10
  one minute chart, bro. Again, my, my dopamine is fried
• 1:14:14
  and I need, I need some life. I, I need to feel emotions
• 1:14:18
  again, guys, I'm so I'm so detached here.
• 1:14:20
  I need to feel emotions. OK, so I look at the one minute
• 1:14:23
  chart, but there we go guys. It's official 25 big cut.
• 1:14:29
  Not exciting, but. Not exciting, but it is what it
• 1:14:32
  is. It is kind of showing us a lot
• 1:14:34
  of the stuff that we've been talking about and really kind of
• 1:14:37
  been speculating on that is happening.
• 1:14:40
  Of course they want to lower the interest rates.
• 1:14:45
  They're most likely going to get these lowered interest rates.
• 1:14:48
  So easy money. We're more than likely going to
• 1:14:51
  go through this all over again in November.
• 1:14:54
  Yeah, yeah. So it's slightly ticking side.
• 1:14:58
  Hey guys, guess what? Breaking news, It's sideways
• 1:15:01
  again. All righty hold on AFKI is
• 1:15:07
  giving selfie anxiety with the one with the chart too.
• 1:15:11
  Oh there we go OK here here we go it finally Oh yes finally the
• 1:15:18
  real dump is amazing OK, so current price 111 again.
• 1:15:23
  The CME gap close is like 110 and some change.
• 1:15:29
  So if I was a betting man, which I'm really not, I would expect
• 1:15:34
  maybe it goes down into 110 for a little bit and then it'll
• 1:15:38
  probably recover. Bull starts in Q2 2026.25 rate
• 1:15:46
  cut sends Bitcoin sideways. Love to see it.
• 1:15:50
  Anyways, guys, there you go. Breaking news. the Fed does cut
• 1:15:55
  rates, obviously. Absolutely.
• 1:15:57
  Nothing happens. Yeah, and it and it goes more
• 1:16:00
  sideways. So you just, you know, you.
• 1:16:03
  Love to see. It you love to see it anyways
• 1:16:05
  guys we'll be back tomorrow we'll see if anything exciting
• 1:16:09
  in the price happens in the next couple of you know, next hour or
• 1:16:13
  so so you know, lock in, maybe buy the dip.
• 1:16:17
  Maybe this is a buying the dip opportunity.
• 1:16:20
  I don't know if it's the last one, but OK, it's some cheap
• 1:16:26
  sats. If anything, Trump gave us some
• 1:16:30
  cheap sats in 2025. Maybe we look, excuse me, maybe
• 1:16:33
  we look back at this and we're like, all right, it went all
• 1:16:36
  according to plan. It's all going according to
• 1:16:38
  plan. It's all going according to
• 1:16:40
  plan. Nice.
• 1:16:41
  I get 15 more sats than before the cut per dollar.
• 1:16:46
  Love it, love it. All right, guys, we love you
• 1:16:49
  guys. We appreciate you guys.
• 1:16:51
  Thank you for all the support. Thank you for showing up late.
• 1:16:52
  Thank you for dealing with my tardiness here.
• 1:16:56
  It's really not tardy, guys. You know I'm going to start
• 1:16:58
  12:30-ish and some change some days.
• 1:17:03
  OK? All right, so I I would just add
• 1:17:06
  that to your schedule. No, you come in at 12:16 and you
• 1:17:10
  hang out with people in the chat.
• 1:17:11
  Anyways, guys, everything will be fine.
• 1:17:15
  We love you guys. We will see you tomorrow.
• 1:17:16
  Get outside, get some sun, you know, maybe log off Twitter for
• 1:17:21
  a little bit, enjoy your life a little bit.
• 1:17:24
  Bitcoin will be here for you when you come back.
• 1:17:27
  All right guys, peace out. We'll see you tomorrow.
• 1:17:30
  Today's episode was brought to you by bitcoinwell.com, a
• 1:17:33
  Bitcoin only platform on a mission to enable financial
• 1:17:36
  independence.