Latest / Simply Bitcoin / BREAKING: Insider CONFIRMS America Is Buying Bitcoin?! | EP 1385

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BREAKING: Insider CONFIRMS America Is Buying Bitcoin?! | EP 1385 · Simply Bitcoin

• 0:00
  Third largest state in America just bought $5,000,000 worth of
• 0:06
  Bitcoin. But that's not the signal today.
• 0:09
  The signal is what's really interesting is what's happening
• 0:13
  in the betting odds markets. The betting odds markets just
• 0:18
  might have confirmed that an insider knows that a strategic
• 0:23
  Bitcoin reserve is happening in the US of A.
• 0:28
  The betting odds literally went from 30% in the dead of night or
• 0:33
  early morning to over 60%. That's right, the betting odds
• 0:37
  are anticipating a 60% probability that AUS strategic
• 0:42
  Bitcoin reserve will be implemented before the year
• 0:46
  2027. That is a big effing deal.
• 0:50
  Now, for anyone who's not in the know about the betting odds,
• 0:54
  I'll give you a little bit of context so you guys understand
• 0:57
  the significance of it. The reason the betting odds are
• 1:00
  so the reason you put so much weight on betting odds in
• 1:05
  general is you have to put money on the line.
• 1:10
  You have to put something at stake, right?
• 1:12
  That's the whole point of the betting odds, right?
• 1:15
  And they've accurately predicted more than poll store pollsters,
• 1:21
  more than reviewers, more than anything, the betting on markets
• 1:25
  more accurately predict something that's going to happen
• 1:29
  than anything else. And the reason for that, it's
• 1:32
  simple economics. It's just people have to put
• 1:35
  something at stake. When something's at stake, when
• 1:37
  you have to put your money on the line, you know, to to see
• 1:41
  whether you're right or wrong, it tends to be a little bit more
• 1:45
  accurate, right? And you know, it goes down to
• 1:47
  the whole, you know, the whole reason that we're free market
• 1:50
  Maximus here. It's simply Bitcoin free market.
• 1:52
  The free market gives you millions upon millions of
• 1:55
  signals to tell you you know where to allocate your resources
• 2:00
  where you can make a profit. You could take that same type of
• 2:03
  philosophy and mentality and apply it to why the betting odds
• 2:07
  are more accurate than pollsters, right?
• 2:10
  Specifically when it comes to like US elections and such,
• 2:13
  right? Like if you look at all the
• 2:14
  pollsters, they'll tell you one thing.
• 2:15
  If you look at the betting odds, they'll tell you another thing,
• 2:18
  right? Now, that's not to say they're
• 2:19
  100% certain, but I do want to give you this really, really
• 2:22
  good example regarding the Nobel Peace Prize.
• 2:25
  So the Nobel Peace Prize, a lot of people thought that Donald
• 2:30
  Trump was going to win it. And the reason for that is
• 2:32
  because since he took office on the second term, I know he's a
• 2:36
  very divisive figure for some people.
• 2:38
  He has ended a lot of war wars. That's undebatable, right?
• 2:42
  But this lady, she is a, she's the opposition leader in
• 2:48
  Venezuela, which currently, in my opinion, is under a form of
• 2:53
  dictatorship. She got awarded the prize,
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  right? But what's really interesting
• 2:59
  about it and as as it relates to the initial topic, the betting
• 3:04
  odds were actually the first ones to predict that she was
• 3:08
  going to win the prize, right? So let's check out this article
• 3:11
  from Yahoo Finance. Probe into polymarket Nobel
• 3:14
  Peace Prize bets. Here are the key takeaways.
• 3:18
  Norwegian officials are investigating potential insider
• 3:21
  trading on the prediction market.
• 3:23
  Poly Market Just hours before the announcement of the Peace
• 3:27
  Nobel Peace Prize, 3 Poly Market accounts placed bets on the
• 3:32
  ultimate winner, pointing to a potential leak.
• 3:35
  The 2025 Nobel Peace Prize went to Marina Cordina Machalo, a
• 3:40
  Venezuelan opposition leader. Going into the announcement,
• 3:44
  Machalo wasn't considered a front runner in the Nobel Peace
• 3:47
  Prize odds. But roughly 10 hours before the
• 3:50
  announcement and just a few days after the Nobel Committee's
• 3:54
  decision, Machalo's Polymarket odds to win shot up from 3.6% to
• 4:00
  more than 70%, driven by wagers from just a few accounts.
• 4:05
  So think about that for a second, right?
• 4:08
  If you have insider information about, you know, a certain thing
• 4:15
  that's going to happen, you have alpha.
• 4:18
  And with these betting, I'm not saying that this is Lee.
• 4:20
  I'm not, I'm not, I'm not advocating about the morality of
• 4:23
  it. I'm just saying that again, the
• 4:27
  Poly market odds as it relates to the US National Strategic
• 4:31
  Reserve, which is what I want to talk about today, then we're
• 4:33
  going to talk about Texas. Look at what happened at 7:00 AM
• 4:38
  today or yesterday, right? So at 7:00 AM in the in the dead
• 4:45
  of night or early morning, the odds went from 38% to 61%, so
• 4:56
  from 38% to 61%. Coincidentally, this was the
• 5:01
  same day that the great state of Texas announced that they're
• 5:08
  buying Bitcoin for their state reserve, right?
• 5:12
  Which is a big effing deal in and of itself.
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  It's the 8th largest economy in the world.
• 5:18
  I think about that for a second. The 8th largest economy on
• 5:21
  planet Earth just announced that they're going all in on Bitcoin
• 5:26
  and they're buying a state level strategic Bitcoin reserve.
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  The same day the polymarkets odds jumped from 38% to 61%.
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  Now this goes to the game theory conversation that we always talk
• 5:42
  about. I had the privilege and the
• 5:45
  honor of being able to talk to Senator Cynthia Lummis and
• 5:49
  Dennis Porter in Washington DC earlier this year.
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  And the reason I wanted to have a conversation with both of them
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  is because Dennis Porter is really moving these initiatives
• 6:01
  forward on the state level across the United States.
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  Senator Cynthia Lummis is really moving forward the strategic
• 6:08
  Bitcoin reserve on the federal level.
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  So talking to both of them was quite interesting.
• 6:14
  And what was interesting about having a conversation with
• 6:16
  Dennis Porter is that Dennis Porter has been making the case
• 6:19
  that, hey, if a, if a strategic Bitcoin Reserve happens, it's
• 6:23
  actually going to happen on the state level first.
• 6:25
  And that makes perfect sense on the state level.
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  You have a lot less friction. You have a lot less, you know,
• 6:32
  dividing parties, right? It's, you know, it's, it's, it's
• 6:35
  a, it's a lot more local, right? So you can get rally and support
• 6:40
  behind that single initiative. And that seems like that just
• 6:44
  happened in the state of Texas. We're going to dive deep into
• 6:46
  that article in just a little bit.
• 6:48
  But the point I'm trying to make is, again, that happened, that
• 6:52
  news, that news was announced. And either by coincidence or as
• 6:59
  I showed you guys with what happened with the Nobel Peace
• 7:01
  Prize winner, somebody knows something we don't.
• 7:06
  And they they were willing to put their money where their
• 7:09
  mouth was. They're putting, they're willing
• 7:11
  to put their money at stake and say, hey, you know what?
• 7:14
  I'm pretty sure that this is going to happen.
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  And that's how the odds went up the way they went up and they're
• 7:21
  staying up. And by the way, this is
• 7:23
  consequential because ever since they they launched this poll on
• 7:27
  November 5th of 2025, it went from 70%, yes.
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  And it went all the way down to 38%.
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  And now it's all the way back up to 61% chance that a strategic
• 7:44
  Bitcoin reserve gets launched by 2027.
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  Now it's really interesting as well is we were actually talking
• 7:50
  about this on yesterday's show. On yesterday's show, we were
• 7:54
  making the case for you guys that, hey, this thing's probably
• 7:59
  going to happen. We played you guys a video of
• 8:02
  Checkmatey saying, listen, at these prices, with the amount of
• 8:07
  Bitcoin that's being bought, I don't know who else is buying
• 8:11
  Bitcoin but sovereign wealth funds or institutions.
• 8:17
  No one has the capital to buy the Bitcoin.
• 8:21
  That's what he was saying. Simultaneously, we paid you guys
• 8:25
  a clip of Anthony Pompliano going on CNBC making the case
• 8:30
  that, listen, I think eventually the United States government is
• 8:34
  going to announce that they're buying, they're buying Bitcoin.
• 8:39
  Now we may, we were talking about this yesterday.
• 8:41
  We went on like a 2030 minute rant telling you guys as to why
• 8:45
  it wouldn't be intelligent for the United States government or
• 8:49
  any big institution or country to announce before they made the
• 8:55
  purchases. Because if they announced it
• 8:57
  before they made the purchases, what do you think is going to
• 9:00
  happen to the price? It's going to go crazy, which is
• 9:04
  why this polymarket stuff is so interesting because it, it's,
• 9:09
  it's had a history of front running winners, much more so
• 9:14
  than any pollster, much more so than any type of individual
• 9:18
  reviewer expert. The odds markets are just that
• 9:24
  much more accurate because money is involved.
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  It's a, it's very, it's very cheap to talk.
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  That's saying put your money where your mouth is.
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  That's what the odds markets represent.
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  And overnight, the day after Texas announced a state level
• 9:45
  reserve, the odds shot up from 38% to 61%.
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  So maybe someone knows something we don't know.
• 9:54
  I'm starting to suspect. I think it's going to happen.
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  I think it's going to happen. I'm saying it right now.
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  I think I was reading this, I think it was from Bitcoin Jack
• 10:05
  like one of the predominant accounts.
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  And the way he was framing it was basically along the lines of
• 10:10
  like, look, the four year cycle's already over.
• 10:19
  It's already ended. If Bitcoin prices stay the same
• 10:24
  for the rest of the year, so for 30 more days, we are already in
• 10:28
  an uncharted territory. The meme is 3 green, one red
• 10:34
  right now. As it stands it's 2 green, one
• 10:38
  red and then one. Yet to be determined.
• 10:42
  So that means that the four year cycle could already be broken.
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  Right now, there's a lot of influencers that are kind of
• 10:51
  taking this. I'm not going to name any names.
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  I'm a big fan of a lot of their content.
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  Some of them are friends I'm friends with.
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  But there's some big influencers that are big believers in the
• 11:00
  four year cycle theory calling that the four year cycle is
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  done, it's over. But think about that for a
• 11:08
  second. If Polymarket is saying that
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  there's a 61% chance that a strategic Bitcoin reserve is
• 11:15
  announced next year, I'm just going to ask you guys the
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  question. Do you really think that the
• 11:23
  price is not going to pump to levels you've never seen before?
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  If the United States of America announces that they're actively
• 11:31
  buying Bitcoin? I'm going to, I'm going to leave
• 11:34
  you guys with that question. It's such an obvious answer.
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  Like it's not a big deal that MicroStrategy buys $100 million
• 11:42
  worth of Bitcoin anymore. It's a big effing deal that the
• 11:45
  most powerful government on the face of the planet that is
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  backed by the most powerful money printer on the face of the
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  planet says, hey guys, we're buying Bitcoin like that's a big
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  effing deal. So this is the news from Texas
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  again. It came out yesterday, same day
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  as or yeah, literally the day before the Poly market odds
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  switched. And here's the headline from
• 12:12
  Coindesk. Texas buys $5,000,000 in Bitcoin
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  ETF as state edge towards first government crypto reserve Texas
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  took a step towards building a state backed crypto reserve,
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  grabbing $5 million of Black Rock's Bitcoin ETF, officials
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  told Coindesk. Though the state is still
• 12:31
  setting up its its Texas Strategic Bitcoin Reserve, the
• 12:35
  state recently gathering information from the crypto
• 12:37
  industry on a proper approach to building its Bitcoin stockpile.
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  And it's passed legislation early this year appropriating
• 12:44
  $10 million to fund it, leaving only a few last steps before it
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  potentially becomes the first US state to begin long term crypto
• 12:52
  investments in earnest. Though others would be expected
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  to soon join join it a few weeks ago Texas moved past its
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  deadline to quote capture the industry's best practices so it
• 13:04
  can utilize these practices in the implementation and
• 13:07
  management of its Bitcoin. Well, I'll give a piece of
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  advice for the state of Texas. Buying a Bitcoin ETF is not the
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  same as buying spot Bitcoin and put it in self self custody.
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  I hope they do that. It goes on to say a formal
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  request for information issued in September.
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  Entities across the industry provided input on how it it
• 13:27
  could set up and manage the stockpile conceived of in the
• 13:32
  Texas Strategic Bitcoin Reserve and Investment Act.
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  Last week, the state's comptroller's office moved to
• 13:38
  secure $5,000,000 in Black Rock's ETF as a placeholder.
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  A spokesperson, spokesman for the Texas Comptroller of of
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  Public Accounts told Coindesk on Tuesday it's an opening move as
• 13:52
  the state continues to work towards a contract with a
• 13:55
  custodian. So it looks like they are
• 13:57
  working towards buying spot Bitcoin.
• 14:01
  But again, I, I don't like this ETF replacement, right?
• 14:04
  I don't like that. And also it, one thing is the
• 14:07
  state of Texas saying that they're buying a spot Bitcoin
• 14:11
  reserve. The other thing is doing it
• 14:13
  right, like El Salvador is doing it.
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  El Salvador has set the standard if you don't make your reserves
• 14:19
  public for the world to see, I don't believe you.
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  Proof of reserves, full stop. If you don't have proof of
• 14:28
  reserves, it's a trust me bro type of situation.
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  We've lived through a trust me bro type of situation with Fort
• 14:34
  Knox. That's all entirely trust me bro
• 14:37
  type of trust me bro. We seized your gold.
• 14:40
  We built a giant bank to store the gold and it hasn't been seen
• 14:44
  since 1970. Trust us bro.
• 14:47
  We audited every year. Like you don't have to do that
• 14:51
  anymore. You have the technology.
• 14:53
  Bitcoin's an open Ledger. You can make the reserves public
• 14:57
  for the world to know. If those coins move, if some
• 15:00
  politicians take a little bit off the top, everyone's going to
• 15:03
  see it. And that that incentivizes
• 15:07
  accountability and that incentivizes good behavior.
• 15:11
  So it goes on to say that's not a pure Bitcoin stake.
• 15:13
  And it's not the first, first state entity to put government
• 15:16
  money into a Bitcoin ETF, with other states having previously
• 15:20
  invested in such funds with public employee retirement
• 15:23
  money. Michigan has been building such
• 15:25
  an investment and Wisconsin sold its $350 million pension fund
• 15:30
  stake in the Black Rock ETF in May ETF purchases remain just a
• 15:35
  step removed from direct crypto holdings.
• 15:38
  New Hampshire and Arizona also are running their own efforts to
• 15:41
  stand up reserves well ahead of the US government.
• 15:45
  That started the ball rolling with President Trump's rhetoric.
• 15:48
  Rhetoric on making a long term federal crypto investment.
• 15:53
  Which state, which started as a campaign promise and developed
• 15:57
  into an executive order. The Trump administration remains
• 16:00
  in the planning stage. And the officials assigned with
• 16:02
  pursuing the reserve are also waiting for Congress to provide
• 16:06
  some formal powers to back the effort.
• 16:09
  Though New Hampshire was first in the nation to pass
• 16:11
  legislation, it's still working on its reserve project.
• 16:15
  So anyways, the last thing I'll say before I pass it on to Opti
• 16:19
  is if you take a look at like kind of regulatory history in
• 16:24
  the United States, the states lead the charge and I'll, and
• 16:29
  I'll give you like a, a, a very open example.
• 16:32
  So marijuana is illegal on the federal level.
• 16:37
  Marijuana is legal in some states, right?
• 16:43
  And the federal government initially was, because it's
• 16:48
  still illegal on a, on a federal level, was enforcing those laws
• 16:52
  and they would go after marijuana manufacturers in
• 16:55
  certain states. After a while, they kind of gave
• 16:59
  up. Why?
• 17:01
  Because it was legal in California, It was legal in
• 17:03
  Colorado, right? So eventually, if enough states
• 17:08
  make marijuana legal, that's just for the sake of this
• 17:11
  example, the federal government's going to have no
• 17:15
  choice but to say, listen, like, we're spending all this money on
• 17:19
  enforcement, but all these states are not even enforcing it
• 17:22
  on a local level. It kind of does.
• 17:24
  Doesn't make sense anymore, right?
• 17:27
  And we've seen this with regulations that states lead the
• 17:31
  charge, which, by the way, is how the founders originally
• 17:34
  designed the country. So, you know, shout out to
• 17:37
  Texas. Again, it's not a full victory
• 17:41
  because it's not spot Bitcoin in self custody in a reserve that
• 17:46
  anyone could audit anyone could see, but it's definitely a step
• 17:49
  in the right direction. But I think the big news of
• 17:51
  today, if you are, if you are, if you are going to take
• 17:54
  anything from today's episode, is the fact that late last night
• 17:59
  or early this morning, the odds of AUS National Bitcoin Reserve
• 18:06
  happening in 2027 went from 38% to 61% overnight.
• 18:15
  So either somebody knows something or someone's going
• 18:18
  full D Gen. and just posting a bet.
• 18:22
  We don't know. But if history has shown odd
• 18:26
  markets tend to be a lot more accurate than pollsters,
• 18:30
  individuals, content creators and such.
• 18:34
  So I think that's the big news. I'm going to pass it on to you,
• 18:37
  Opti. Opti, is this an insider?
• 18:40
  Is this a fluke? I mean, like I'm hearing
• 18:43
  Pompliano. I, I told you, I heard, I, I, I
• 18:47
  heard a, you know, a corporate executive from a Fortune 500
• 18:50
  company tell it to me with such certainty.
• 18:53
  You know, listen, they're, they're doing this thing.
• 18:55
  They're just stacking their bags.
• 18:56
  First, I want to get your opinion, Opti.
• 18:59
  Like what do you think is happening here bro?
• 19:02
  Yeah, Well, obviously I think as everyone kind of can
• 19:06
  acknowledge, the betting markets don't necessarily confirm that
• 19:11
  this is actually happening. But as you, as we always say
• 19:14
  here, incentives, Dr. everything and the fact someone's putting
• 19:17
  money on the lines, it does make you think that yes, there might
• 19:21
  be an insider out there. You know, it could be a DJ, who
• 19:23
  knows. But if you do take all of this
• 19:26
  again, I think this story in and of itself wouldn't really be the
• 19:29
  biggest story if it wasn't following what we you were
• 19:32
  saying yesterday that if you're looking on chain, you're kind of
• 19:36
  seeing the game theory play out on a nation state level.
• 19:40
  Remember, the China mining kind of ban is now officially over.
• 19:45
  I was speckling, yes, speculating yesterday of like,
• 19:47
  why this reason? What's the main reason?
• 19:49
  And I think it's because the Trump administration came out
• 19:52
  and said we're going to be the Bitcoin superpower of the world.
• 19:54
  So with all that kind of in mind and then of course what I've
• 19:57
  been calling the Billionaire Fund playbook forever.
• 20:00
  You don't tell people you're going to buy Bitcoin.
• 20:02
  It's literally not in your favor to tell people you buy Bitcoin,
• 20:06
  especially when you are the world reserve currency,
• 20:09
  especially when you're got such a big, you know, target on your
• 20:12
  back. And so it just makes perfect
• 20:14
  sense again from a more like fundamentalist view from a first
• 20:18
  order move that they would quietly stack this Bitcoin.
• 20:21
  Now, again, I am not a legal expert here, so maybe there is
• 20:25
  some kind of stipulation that says they have to announce all
• 20:29
  of these buys. I'm I'm not most well versed on
• 20:31
  this. Maybe this is something I'll
• 20:32
  have to look up during this weekend so I can come back and
• 20:36
  and kind of clarify all that, but it would just make perfect
• 20:39
  sense for me as an individual. Obviously, you know,
• 20:42
  institutions and nation States and governments work a little
• 20:45
  differently than individuals, but the smartest move you can do
• 20:49
  as a Bitcoiner is you don't tell people you buy Bitcoin.
• 20:53
  Like Nico and I probably made a huge mistake by making our job
• 20:58
  of being talking heads in Bitcoin.
• 21:00
  We talk about Bitcoin. I don't, yeah.
• 21:01
  I don't know any. I don't know any Bitcoin I.
• 21:04
  Just love this thing. I'm just obsessed with this
• 21:06
  thing. I've had a boating accident.
• 21:07
  But yeah, your your best bet is you really don't announce it.
• 21:10
  And remember, like Nico was saying yesterday, one of the big
• 21:14
  news that came out was it early last year, Well, late last year,
• 21:17
  early this year, I forget the timeline, but the Kingdom of
• 21:20
  Bhutan, we only found out that they were stacking Bitcoin
• 21:23
  because of the Celsius bankruptcy, because it was
• 21:26
  basically leaked. And so as we've been kind of
• 21:28
  covering throughout the year, you've seen a lot of countries
• 21:31
  in the Middle East do something very similar is there's rumors
• 21:34
  of them stacking Bitcoin and then later on you find out, yes,
• 21:39
  they were actually, you know, acquiring Bitcoin and they're
• 21:41
  making a, you know, hard pivot into Bitcoin.
• 21:43
  So it just makes sense from those kind of personal
• 21:47
  perspective, those first principles that you really don't
• 21:49
  announce this. And then again, if you're
• 21:51
  looking on on chain, if you really believe the on chain
• 21:53
  metrics, and I love check, maybe I, I love his work.
• 21:56
  I love his kind of perspective. He's been tempering a lot of the
• 21:59
  more bullish and bearish narratives and being like, dude,
• 22:02
  just look on chain. This is what's happening.
• 22:04
  And as he said, he's like, someone's buying this stuff.
• 22:07
  Someone is out there buying the majority of the coin of the new
• 22:12
  issuance of Bitcoin. And we really don't know who it
• 22:15
  is. And we've seen this play out in
• 22:16
  the past. And so it, it would make perfect
• 22:18
  sense to me that this is what's going on now.
• 22:21
  I think another factor to this is what Nico was saying of, you
• 22:26
  know, the states usually lead. And then you kind of have to
• 22:30
  understand like that the competition that there is
• 22:32
  between the federal level and the state level, they don't want
• 22:36
  to like be one up by someone. So if you came out as Trump and,
• 22:41
  and, and just take Trump, for example, as a person, he never
• 22:44
  wants to be one up here. And now the state of Texas, yes,
• 22:47
  it's not perfect. Yes, they're buying the Bitcoin
• 22:50
  ETF. It is a $5,000,000 buy in the
• 22:52
  ETF. They claim they're going to go
• 22:54
  up to $10 million. And then potentially, as that
• 22:56
  article said, you know, stack Bitcoin, they're trying to
• 22:59
  figure out they're custodians. So like there is a sense of
• 23:03
  like, how do I say it there, there is a sense of competition
• 23:06
  here. There is maybe like an ego test
• 23:08
  here of who can do it first, who can stack the most.
• 23:11
  Remember, we've been talking about sailor for a long time
• 23:14
  that, you know, there's a competition amongst the
• 23:16
  billionaires of who can acquire the most Bitcoin or rather who
• 23:19
  can be the richest person in the world.
• 23:22
  And so I think all of these kind of human aspects all play out in
• 23:26
  regards to who can, you know, finally become the first one to
• 23:30
  buy Bitcoin. Now, again, this isn't perfect
• 23:34
  and and there's still arguably a lot of a lot of people that so
• 23:37
  like, I don't even want states to buy Bitcoin.
• 23:38
  And you know, I totally get that perspective, but Bitcoin is for
• 23:42
  anyone. And I think we all knew that
• 23:44
  this was going to happen at some point.
• 23:46
  So, you know, kudos to Texas right now.
• 23:48
  You know, moving away from Texas, it's a little
• 23:51
  bittersweet. I'm like, damn, you know that it
• 23:53
  would have been pretty cool to be in Texas.
• 23:55
  I don't think anyone in Texas probably even knows that this
• 23:57
  was happening. But you know, Texas still has a
• 24:00
  good place in my heart. It's got a special place in my
• 24:02
  heart. So I'm glad to see them be #1
• 24:05
  here. Well, actually, technically,
• 24:08
  maybe they're not the first one to buy Bitcoin ETS, but I think
• 24:10
  they're the first one to say this is for our strategic
• 24:12
  Bitcoin reserve. So historic news nonetheless,
• 24:16
  but the more speculative kind of view here is like, does someone
• 24:21
  know something is going to happen?
• 24:23
  I think it's obvious that someone knows, man.
• 24:26
  Like I think it's super obvious that that someone knows.
• 24:30
  I, I think it would explain kind of like this price action that
• 24:34
  we've seen this year. I think someone knows something
• 24:41
  and I think that, you know, Texas is leading the charge in
• 24:44
  my opinion. And I, I just, I, you know, why
• 24:50
  I'm so confident in this is because of the amount of money
• 24:56
  that the Trump's have in the industry, right?
• 25:03
  And we read you guys a Yahoo article like a couple days ago
• 25:06
  where it was basically making the case that the Trump's are
• 25:10
  down like millions of dollars, like billions of dollars on
• 25:14
  their investment. So like, and Trump has three
• 25:19
  more years in his presidency and there's a very high probability
• 25:23
  that if he doesn't turn the if he doesn't pull off an economic
• 25:27
  miracle next year, there's a high probability that the
• 25:30
  Republicans lose the House. Because I would say his first
• 25:34
  year was not like, you know, I think, I think he made a lot of
• 25:39
  progress on, on specific regulatory things for the United
• 25:43
  States on the Bitcoin level, I'm not going to get into other
• 25:47
  politics, but on the Bitcoin level, I think freeing Ross was
• 25:50
  great. The executive order was great.
• 25:53
  The Genius Act was great, the Clarity Act, which is yet to
• 25:56
  pass, but it has a high probability of passing.
• 26:01
  I think all of those things are, are definitely a step in the
• 26:03
  right direction. But then we're going backwards
• 26:06
  when it comes to privacy, for example, right?
• 26:08
  So it, it's definitely not perfect, but we're definitely
• 26:13
  moving the Overton window and we're definitely moving the the
• 26:19
  policies in our direction. And I think our industry has a
• 26:23
  voice now in DC, which I think if anything, if you were to take
• 26:27
  anything from this last election, it's how important
• 26:30
  that is, right? Like we now have, we're now,
• 26:33
  we're now in the room like regardless of what political
• 26:36
  party tries to run for office, you know that there's a Bitcoin
• 26:42
  lobby in DC that you're gonna have to, you know, you're you're
• 26:47
  gonna have to get the stamp of approval from them, right?
• 26:51
  Which I think is a really good thing.
• 26:53
  And then it makes Bitcoin less partisan.
• 26:54
  I think Bitcoin's very partisan today.
• 26:57
  But anyway, that's all that's. Well, Nico, I, I'd go one step
• 27:00
  further. You said, I think a lot of
• 27:04
  people underestimate, you know, the fact that the Trump's have
• 27:09
  one of the biggest Bitcoin treasuries.
• 27:11
  They're kind of all in. They've obviously been making a
• 27:13
  lot of waves. But I I think people, I think
• 27:17
  people kind of forget that like Trump before this last election,
• 27:23
  like his net worth basically, you know, it took a beating, you
• 27:26
  know, like it took a beating dealing with all of the stuff he
• 27:29
  he dealt with. And essentially that what I'm
• 27:31
  trying to say is people underestimate just how much
• 27:35
  money he's already made in this ecosystem and that he is also
• 27:40
  building a lot of companies on this.
• 27:42
  So, yeah, you know, technically he's, you know, always been a
• 27:46
  billionaire with real estate, but I'm pretty sure like, and
• 27:50
  his net worth went up, you know, couple billion dollars with all
• 27:53
  of the different shenanigans they've done in Bitcoin.
• 27:55
  So like they've already profited a lot off this industry.
• 27:59
  Therefore I think they want this industry to do well, you know,
• 28:03
  kind of. So it's not just like a
• 28:04
  vaporware thing. There is some kind of legacy
• 28:06
  here. I think Trump very much and the
• 28:08
  whole Trump family think about legacy here and whether they'll
• 28:12
  be able to withstand whatever comes after this, you know,
• 28:15
  basically next three years. It's like, I think people really
• 28:18
  underestimate just how invested they are in this.
• 28:21
  He is the president. We see the rare rhetoric they've
• 28:24
  been talking about. They we see what they've been
• 28:26
  saying. Now it's just going to be very
• 28:28
  interesting if behind the scenes they're doing basically what
• 28:32
  we've been speculating on for a while.
• 28:34
  And we're not the only ones. We've we've been hearing this
• 28:36
  from a lot of people that yeah, they're definitely stacking.
• 28:38
  They're not going to tell us until they are fully ready to,
• 28:41
  you know, announce what they what they're going to do because
• 28:45
  once they announce that they're buying, it's literally game over
• 28:48
  and, and things are going to get absolutely nuts.
• 28:51
  Yeah, we're we're going to shoot up.
• 28:53
  The price is going to shoot up Like it it, it, it, it, I'm
• 28:56
  telling you that the that is the only type of announcement at
• 29:00
  this point in Bitcoin's history that I think would even like
• 29:03
  move the needle a little bit. Is, is the United States
• 29:10
  government saying, Hey, we've been actively buying Bitcoin?
• 29:14
  I think that would be, you know, a, a shot heard across the world
• 29:18
  around the world. And I think, you know, you think
• 29:22
  it's a coincidence that China just again became the third
• 29:26
  largest miner in the world and the government's turning a blind
• 29:29
  eye. Do you think that's a
• 29:31
  coincidence? No, they're doing that because
• 29:33
  the Trump administration is pro Bitcoin.
• 29:36
  So the Chinese government is hedging their bets a little bit,
• 29:38
  right? They're not in for.
• 29:40
  They're not being as aggressive with enforcement.
• 29:43
  And if you think that's a coincidence, like you have your
• 29:47
  head in the sand, I'll be totally honest with you.
• 29:51
  So you're being naive. You're being naive.
• 29:54
  Yeah, like you don't know what you're talking about.
• 29:57
  So like there's no what? What's the thing that I always
• 30:01
  say? I forget.
• 30:01
  I forget. That there's no conspiracies,
• 30:04
  but there's no coincidences. So right.
• 30:05
  Yeah, something like that. I got to move this Pepe so faces
• 30:10
  the. Camera.
• 30:10
  I know he got kind of rusted. The desk was looking busy, so
• 30:13
  maybe we. Got to clean clean it up dude.
• 30:15
  Move that Pepe anyways, all right, guy.
• 30:18
  And we got to take away the pumpkin.
• 30:19
  It's not Halloween anymore. It's Thanksgiving, dude.
• 30:23
  Is that a Thanksgiving? Pumpkin, dude, you eat pumpkin
• 30:24
  pie in Thanksgiving? That's true.
• 30:26
  That's true. All right, all right.
• 30:28
  They're very festive. But it's not even.
• 30:29
  It's like a white pumpkin. Pumpkin.
• 30:31
  Bro dude it's still pumpkin. This one doesn't look.
• 30:35
  Anyways. This one's Halloween version so.
• 30:38
  Anyways, yeah, we'll we'll we'll figure out we'll we'll figure
• 30:41
  out what what little widget to replace that with anyways, guys,
• 30:45
  it's gonna be a great show. 550 of you guys watching live on
• 30:49
  YouTube. If you guys are enjoying the
• 30:51
  show, make sure to smash that like button.
• 30:53
  If you guys are watching us on rumble X on the audio platforms
• 30:57
  after the fact or just replaying the episode, we really
• 31:00
  appreciate your support. Smash the like button.
• 31:03
  We wouldn't be here without you guys.
• 31:04
  So we really appreciate it. We thank you and before we jump
• 31:09
  into the show, we have tons to cover today.
• 31:11
  I actually have a video that I ran into last night.
• 31:14
  Like the YouTube algorithm is so crazy sometimes.
• 31:18
  And it's a video from 13 years ago, 13 years ago.
• 31:24
  That's like a lifetime ago of Michael Saylor talking about
• 31:30
  Apple, talking about the iPhone, right?
• 31:33
  And if you hear this prediction, if you hear about how he talks
• 31:40
  about it, he got this so effing right, you know, so again, I
• 31:49
  think that bitcoins going through this very similar type
• 31:52
  of process and mind you, that return on his investment on that
• 31:57
  Apple and the it's just ridiculous, right?
• 32:00
  So I have that video lined up for you guys.
• 32:04
  I'm excited to play it. And then during the news, I
• 32:08
  don't know what Opti did to Chrissy, but the we're going to
• 32:13
  be talking about the EU, the EU chat control, so to speak.
• 32:20
  That's how they call it. But essentially what that is, is
• 32:23
  that the EU wants to monitor your private communications for
• 32:29
  your safety. And we're going to be talking
• 32:33
  about that. The reason we're going to be
• 32:34
  talking about that is, again, if you think they're OK with you
• 32:37
  transacting freely, I mean, if you, if you think that they're
• 32:40
  not, if you think they'll be OK with you transacting freely but
• 32:43
  not communicating freely, again, you have your head in your head
• 32:46
  in the sand. You have not.
• 32:48
  You're naive. You're not paying attention.
• 32:50
  I know that we posted something the other day regarding like the
• 32:54
  laws regarding Bitcoin transactions in the EU and Lola
• 32:59
  elites like jumped in the in the in the comments section.
• 33:02
  She's like, no, this is wrong, like this isn't accurate.
• 33:05
  This is the actual thing that's happening.
• 33:07
  And my counter to that is like, OK, fine.
• 33:10
  Like, OK, I, I, we, we, and we offered a correction.
• 33:16
  But fundamentally it's the same thing.
• 33:18
  Guys like they want to get rid of cash.
• 33:21
  They want everyone to have a digital ID.
• 33:23
  They don't really care what you have to say.
• 33:26
  They're going to roll this out and you're, you're going to have
• 33:29
  a choice as an individual as to what system you want to use,
• 33:33
  right? Like that's really what it comes
• 33:35
  down to. Like it's not rocket science
• 33:37
  here. And again, like, how does this
• 33:40
  make everyone's life better? I have no idea.
• 33:43
  But anyways, before we get into all of that, I do want to give a
• 33:47
  very special shout out to our lead sponsor, Bitcoin Well.
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• 33:54
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• 35:01
  All right everybody, let's get to the news.
• 35:03
  We have tons to cover. We'll be right back in just a
• 35:05
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  our partner Stamp Seed. Is your Bitcoin and cold storage
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• 36:50
  recording, the Bitcoin price is $90,290.00 back above 90K.
• 36:57
  That's that's nice. That feels good.
• 36:59
  Block height $925,300 Market cap 1.8 trillion Bitcoin versus gold
• 37:06
  market cap 6.1% declined from all time high -28.5%.
• 37:12
  So you still have a major opportunity.
• 37:14
  Let me know if you guys hear this video in the chat.
• 37:17
  I know sometimes when I share the screen, you guys can't hear
• 37:19
  the video, but essentially it's Michael Saylor talking about
• 37:24
  Apple 13 years ago. And this was like in the, in the
• 37:28
  early innings of the iPhone era. So, you know, it obviously
• 37:35
  transformed the iPhone, transformed the the world, what
• 37:40
  smartphones could do, what they would be like.
• 37:43
  Think about what your world was like before the iPhone, right?
• 37:47
  Remember what boredom used to feel like, You know, like,
• 37:52
  remember that dude? Like you'd be bored.
• 37:55
  You'd go to like a doctor's office and you like open a
• 37:57
  magazine and stuff. Dude I was bored all year, what
• 38:00
  are we talking about? No, but you know what I'm
• 38:03
  talking about, dude. Like like remember that?
• 38:06
  No, not really dude. Exactly.
• 38:09
  Not at all. OK, so anyways, here's Sailor
• 38:12
  and let's check out what he he has to say.
• 38:15
  Or revolution? Who are they?
• 38:16
  I'd say the winners right now are Apple, Google, Amazon,
• 38:20
  Facebook, Twitter and and general companies that create
• 38:25
  mobile application software networks.
• 38:29
  But I I heard your speech and you said the winner mobile is at
• 38:32
  the moment Apple, Apple and Apple.
• 38:34
  That's how I understood it. And the rest is basically
• 38:36
  playing second vial or doesn't know how to basically get into
• 38:40
  the market. Well, I think we're chapter one
• 38:42
  of the mobile wave and there's probably 12 chapters.
• 38:45
  Apple's, Apple's the winner of the 1st chapter by far.
• 38:48
  I mean, you could say we're in chapter 2 or 3 and maybe Apple
• 38:51
  won the 1st chapter in the 2nd chapter.
• 38:53
  But there's there's actually more chapters of this book to
• 38:56
  unfold and there are going to be other other opportunities and
• 39:00
  other networks, for example, mobile identity, mobile
• 39:03
  commerce, mobile health. And as those things come along,
• 39:07
  it's not clear that Apple will be the winner.
• 39:09
  That may be other companies that we don't notice yet that are
• 39:12
  going to come. OK.
• 39:13
  But you say the iPad, you think that is the most amazing thing
• 39:17
  because the rich and powerful are carrying around the iPad and
• 39:20
  that's the first competition with paper.
• 39:23
  You know, I think I think the iPad is the most under
• 39:26
  appreciated or underestimated new technology.
• 39:29
  I think I think it's the first device in the history of the
• 39:31
  world that competes favourably with paper.
• 39:33
  So I think it's inevitable that every literate person on the
• 39:36
  planet is going to end up with at least one, but probably more
• 39:38
  than one, either iPad or a tablet computer that's got
• 39:41
  comparable techniques or. How many tablets in 2015?
• 39:46
  In 2015, we're let's say we're like 3 years out, probably more
• 39:49
  like 250,000,300 million I'm guessing.
• 39:52
  Will it be just as important as a smartphone revolution?
• 39:56
  I think it'll be at least as important.
• 39:59
  It might be more important because smartphones are are
• 40:04
  useful for a set of activities, but smartphone smartphones don't
• 40:10
  normally have the ability to host enterprise applications.
• 40:14
  But if you look at the tablet computer like the iPad, every
• 40:17
  application never ran on a on a Windows machine or the web
• 40:22
  probably would run better on on an iPad or a tablet computer.
• 40:25
  And so the iPad is is completely disrupting the entire enterprise
• 40:29
  market and then it's also disrupting the entire
• 40:31
  entertainment market. And so entertainment and
• 40:34
  enterprise are incredibly valuable portions of our
• 40:38
  society. What does it mean?
• 40:39
  So like, and, and he keeps going and he'd be like Nico, like,
• 40:43
  like, are you regarded like, like duh, like, like all these
• 40:48
  things have all all these things, you know, like not 100%
• 40:54
  accurate, but like, it's like as if he's talking about the
• 40:57
  present, right. And if you take a look at this
• 41:00
  date again, 13 years ago, July 11, 2012, and you take a look at
• 41:07
  Apple stock, which was, you know, let's July, let's zoom in
• 41:14
  a little bit so you guys could see it, You know, let's go July,
• 41:20
  July here, July 2012. I know there's been stock splits
• 41:25
  and all that stuff, but it was $21.00.
• 41:31
  Now Apple stock is $278. So I don't know what the math is
• 41:38
  on that, but it's about a 13X and that's not taking into
• 41:44
  account all the stock splits that happened in between.
• 41:49
  Yeah, Apple I, I just did a perplexity check.
• 41:52
  Apple has roughly or approximately 14.78 billion
• 41:58
  shares outstanding. But how many stock splits?
• 42:01
  How many stock splits has Apple had since 2012 and what would
• 42:11
  the actual rate of return be? So yeah, look so Apple dude,
• 42:28
  it's so crazy. So Apple has done 2 stock
• 42:31
  splits, A7 for one split on June 9th 9/2/2014 and a four for one
• 42:38
  split on August 31st 2020. If you invested Apple in Apple
• 42:43
  at the beginning of 2012, which is when that interview was
• 42:46
  conducted and held through today, your rate of return would
• 42:50
  be roughly 920%. The original capital would have
• 42:55
  multiplied by a factor of 10.2 X per one source of total return
• 43:00
  data. So is it as good as Bitcoin?
• 43:02
  No, but I'll take that 10 bagger any day bro.
• 43:08
  So Bitcoin's 100 bagger. But the, the, the reason I, I
• 43:12
  pointed this out is like, I, I wanted to like, really show you
• 43:17
  guys sailor's track record of making these logical predictions
• 43:24
  that you look back in hindsight and you're like, duh.
• 43:28
  Like obviously, like, of course, but you have to remember, do you
• 43:34
  guys remember how, how, how crappy the UI of the original
• 43:38
  iPhones were back? I don't think I got an iPhone to
• 43:41
  like iPhone 5, right? And remember, like if they died,
• 43:45
  like if they ran out of battery, like it would take like 20
• 43:48
  minutes for them to charge for them to turn back on again.
• 43:50
  Like it's not like today, right? The thing battery lasts all day.
• 43:54
  You know, it has like every map, like every Apnum to man.
• 43:58
  Like you could summon your car, you can order an Uber to
• 44:01
  wherever you are, you can order food, you could book a flight.
• 44:04
  You could literally do anything on your phone right?
• 44:08
  You can talk to an AI and literally answers all your
• 44:12
  questions or how Opti calls them the demons.
• 44:16
  Dude, you could date an AI too. I don't know about that.
• 44:21
  Dude, people are doing it. I'm not saying I'm doing it.
• 44:23
  I. Don't know about that.
• 44:24
  I don't know about that. I I.
• 44:26
  Date central bankers. But you know, people are doing
• 44:28
  it so breaking. News Opti is dating an AI.
• 44:33
  Hey, they're nice to me. So anyways guys, it's going to
• 44:39
  be. Wait, wait, wait.
• 44:40
  I I do I want wait. Look, look, someone in the chat
• 44:43
  saying it's it's about 1500%. Just ask Chad GBT.
• 44:47
  Chad GBT told me something different.
• 44:49
  Just ask the demons. So like guys, it's not just the
• 44:52
  price. So the stock split a couple
• 44:55
  times. So you have to you have to take
• 44:57
  that into consideration, right. Someone are saying I believe
• 45:01
  stock splits already account and the price.
• 45:02
  I don't think it does. I remember car phones and pagers
• 45:07
  before Nokias and Blackberries. This is hilarious.
• 45:14
  I love our chat. All right, and let me let me
• 45:16
  jump in here 'cause I will. Dirty quit throwing digs at
• 45:19
  Nico, you're having fun. Thank you to you 2 for going to
• 45:23
  have it. This is how I show love bro.
• 45:26
  This is how I show love. Anyways, anyway, there's two
• 45:28
  there's two things that I want to point out.
• 45:30
  Specifically is the first one is just in hindsight, when you look
• 45:38
  back at even this reporter's question, you're like, bro, it's
• 45:43
  so obvious. Like it like in hindsight,
• 45:45
  everything is so obvious. And again, it reminds me of just
• 45:49
  every other new technology in, in the modern life that we
• 45:53
  we're, we all take for granted, you know, the Internet, the
• 45:56
  computer, the iPhone, the iPad, like Sailor was kind of saying.
• 46:01
  And when they're kind of still a new technology, when people
• 46:05
  haven't fully been able to grasp the impact that they're going to
• 46:08
  have, it seems like a reasonable question to be like, so like, is
• 46:12
  this thing is this thing more than a toy?
• 46:15
  And again, relating that to where we are right now with
• 46:17
  Bitcoin, I, it feels like we are just starting to get to the
• 46:21
  point where people realize the impact of what this is going to
• 46:24
  do. And I, I, this leads me to the
• 46:26
  second point where Taylor was like, I think maybe we're at
• 46:28
  like chapter 1, Chapter 2 of this whole mobile revolution.
• 46:33
  And again, I think there's a parallel to Bitcoin where it's
• 46:37
  like, I know we've been in Bitcoin for a long time.
• 46:41
  Like a significant portion of my adult life has now been, you
• 46:45
  know, obsessed with Bitcoin. But I think if we're, we're
• 46:50
  really being honest about where we are in the story, it's almost
• 46:53
  feels like the same thing. Maybe it was the end of Chapter
• 46:56
  1. Maybe this is the end of Chapter
• 46:58
  2, but if we're doing like a 12 chapter book, we're still
• 47:02
  basically at the beginning of this thing.
• 47:05
  And I, I think we underestimate just how big of an impact it
• 47:09
  will be when Bitcoin is ubiquitous, when it, it's when
• 47:14
  other random everyday people are taking it for granted.
• 47:17
  For us, you know, we're, we're still living in the future,
• 47:21
  essentially like we're still ahead of our time.
• 47:23
  We, we still understand things that haven't even come to
• 47:26
  fruition yet. And you know, 10-15 years, what,
• 47:30
  what you said 2011. So 14 years, 14 years from now,
• 47:34
  going back, I'm sure these conversations will get clipped,
• 47:38
  maybe God willing, and they'll look back and like.
• 47:42
  How did these two idiot figure like it's so obvious.
• 47:47
  Yeah, I mean, it's obvious, dude.
• 47:49
  It's obvious if you've been paying attention.
• 47:52
  Just like clearly money's broken.
• 47:54
  Clearly Bitcoins better money. When is AI, Nico and Opti coming
• 47:58
  out? Why you even plant that?
• 48:00
  Idea up these heads. Dude.
• 48:02
  AIAI could never match this level of regardedness.
• 48:06
  So I I think I'm going to be safe for a job for a while.
• 48:10
  Anyways, guys, if you guys are enjoying the show, you know what
• 48:12
  to do smash that like button, consider subscribing.
• 48:16
  We're going to be right back in just a bit.
• 48:18
  But before we do that, I do want to give a shout out to our
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  get yours while supplies last. If you guys want to support the
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  show is a great way to do it, go to simplybitcoin.com.
• 49:33
  Or. You guys could just scan the QR
• 49:36
  code on the screen. I think that's the censats.
• 49:38
  Oops. But anyways, guys, we're going
• 49:41
  to be right back in just a bit. We're going to hit the new
• 49:43
  segment. We're going to be talking about
• 49:44
  chat control in Europe and it seems like they just yeah, yeah,
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  code simply. All right, everybody, we are
• 52:34
  back. Yo-yo, I'm not going to say it.
• 52:40
  I'm not going to say it. You just say.
• 52:42
  It that you took the headphones off of the ads, the chats going
• 52:45
  to love that. No, bro.
• 52:46
  I was on the phone with somebody.
• 52:50
  Why would you say that? I said I wasn't going to say.
• 52:53
  It and you made me say it. Anyways, no, I was on the phone.
• 52:58
  I'm dealing with stuff. I'm dealing with stuff.
• 53:00
  Oh. Man.
• 53:02
  Dude, me too, I'm melting. In here bro it's it's insane.
• 53:06
  Anyways, get get to it dude. Put the phone down.
• 53:09
  I'm dealing with stuff. Dude, you're, you're here live.
• 53:11
  I need you here. OK.
• 53:14
  I I should just silence everything.
• 53:17
  So there you go. Do not disturb.
• 53:19
  There we go. All right, so I do want to talk
• 53:22
  about this. And so there's this website you
• 53:26
  should go to. It's called Fight chat control
• 53:29
  dot EU. And basically it's the EU still
• 53:33
  wants to scan your private messages and photos.
• 53:37
  So I mean, it's pretty self-explanatory and we're going
• 53:43
  to go to learn more and all that stuff.
• 53:44
  But as you can see, Member States opposing 9, Member States
• 53:49
  supporting 12, Member states undecided 6.
• 53:55
  So how will you be impacted if you live in the European Union?
• 53:58
  And I think that's very important.
• 54:00
  So you will be impacted. Every photo, every message,
• 54:04
  every file you will send will be automatically scanned without
• 54:08
  your consent or suspicion. This is not about catching
• 54:12
  criminals. It is about mass surveillance
• 54:14
  imposed on all 450 million citizens of the EU.
• 54:22
  Every private message, photo and file scanned automatically.
• 54:26
  No suspicion required. No exemptions.
• 54:29
  Even encrypted communications Breaking encryption weakening or
• 54:34
  breaking or breaking End to end encryption exposes everyone's
• 54:38
  communications, including sensitive financial, medical and
• 54:42
  private data, to hackers, criminals and hostile actors.
• 54:46
  Undermines your fundamental rights to privacy and data
• 54:50
  protection as guaranteed by articles seven and eight of the
• 54:54
  EU Charter Rights considered core to European democratic
• 54:58
  values. Automated scan Automated
• 55:01
  scanners routinely misidentified innocent, innocent content such
• 55:07
  as vacation photos or private jokes as illegal, putting
• 55:11
  ordinary people at risk of false accusations, damaging
• 55:14
  investigations. And then, you know, one of the
• 55:19
  reasons they do this is to protect children.
• 55:21
  But they make the case that that it's it's, it's not efficient in
• 55:28
  doing so. And then I think most
• 55:31
  importantly is it creates a global precedent.
• 55:33
  So it creates a dangerous global precedent enabling, enabling
• 55:37
  authoritarian governments citing EU policy to roll out intrusive
• 55:41
  surveillance at home, undermining privacy and free
• 55:45
  expression worldwide. EU politicians themselves exempt
• 55:50
  themselves from this surveillance under professional
• 55:53
  secrecy rules. They get privacy and you and
• 55:56
  your family do not demand fairness.
• 56:00
  So that is that shit crazy. I don't know how else to
• 56:04
  describe it. Like that's wild.
• 56:08
  That's wild, right? Because it like it's like who
• 56:12
  holds the politicians accountable?
• 56:15
  Who holds the politicians accountable?
• 56:17
  So the politicians get to do whatever they want and every
• 56:20
  single one else has to follow the rules essentially, which is
• 56:24
  just crazy to me. Like, it's wild.
• 56:28
  It's so, so wild, such a double standard.
• 56:31
  Oh, we're back below 90K anyways, So moving on to this.
• 56:37
  Sharing my screen here. EC planning to use law to make
• 56:42
  Apple give way on digital euro. So let let's connect the dots
• 56:46
  here, right? They want to break encrypted
• 56:50
  communication. They don't want you to have
• 56:53
  private privacy essentially, right?
• 56:57
  You're nothing. Be happy haha.
• 57:00
  They want to roll out a digital ID.
• 57:02
  They want to roll out a CBDC that is literally lockstep.
• 57:08
  Total control over your life and total surveillance into what
• 57:14
  you're doing, even though you are not a criminal like in the
• 57:20
  United States, you have you're innocent till proven guilty,
• 57:23
  right? It's very famous, you know, part
• 57:25
  of the United States, right? This is like, I don't even care
• 57:30
  if you're guilty. We're just going to be able to.
• 57:32
  And then the the, the crazy part to me here is like, how do you
• 57:40
  not think this is not going to be abused right?
• 57:43
  Like that? That's the crazy part.
• 57:45
  It it like they they're like no, no, no, we want privacy for
• 57:49
  ourselves. You don't deserve privacy for
• 57:53
  your own good. Trust us, bro.
• 57:56
  Right. Like I'm sorry, just no one
• 58:00
  deserves that much power. No one deserves that much power.
• 58:05
  Like no one deserves that much power.
• 58:07
  Why do you want that much power? Like the US is launching and
• 58:12
  catching rockets. And every time I go to Europe,
• 58:15
  the effing water bottles have this little thing that you can't
• 58:18
  even like. It's super annoying.
• 58:21
  Like, like, like, like, like the innovation coming from a society
• 58:31
  and an economy comes from entrepreneurs.
• 58:33
  It doesn't come from politicians, right?
• 58:37
  So like they don't create anything.
• 58:41
  Like just because you set a set of rules doesn't mean anything.
• 58:45
  You need an engine and an economy.
• 58:47
  You need entrepreneurs. You need small businesses taking
• 58:51
  a risk. Like the the European Union
• 58:54
  right now is one of the most hostile places to create a small
• 58:58
  business. And small businesses are the
• 59:01
  backbones of economies, make no mistake.
• 59:05
  So like if you're creating an environment where everyone just
• 59:08
  wants to leave and go to Dubai if they have enough money, like
• 59:11
  I think you're doing a shit job as a politician in my opinion,
• 59:15
  right? So anyways, moving on to a a a
• 59:21
  post by Mario Naufal and he says EU wants to scan your DMS and
• 59:25
  pass the law in secret. So not only do they want to pass
• 59:29
  this law, but they want to do it in secret so that you don't
• 59:33
  notice. The EU is quietly moving to
• 59:36
  approve the controversial chat control law, which could open
• 59:40
  the door to scanning your private messages.
• 59:42
  The latest draft removes mandatory state surveillance,
• 59:46
  but still allows platforms like WhatsApp and Signal to
• 59:49
  voluntarily scan chats. That's just surveillance with a
• 59:55
  polite name. Some countries like France and
• 59:57
  Denmark are on board, but Germany and Poland are pushing
• 1:00:01
  back hard. The kicker?
• 1:00:02
  They're trying to pass pass it this week behind closed doors
• 1:00:07
  with 0 debate. According to the source is
• 1:00:12
  disclosed.tv. Very famous kind of news AG
• 1:00:16
  account. I actually do want to see the
• 1:00:19
  video and see this. Every time I see this.
• 1:00:21
  It's all so crazy. French democracy and network
• 1:00:27
  reserve comma consider a key no democracy so Manasi.
• 1:00:43
  That's nuts. That's why.
• 1:00:45
  So like, basically our democracies are under attack
• 1:00:48
  because of the manipulation of information and because of the
• 1:00:52
  manipulation of information and interference, we basically need
• 1:00:56
  to spy on everyone's messages. Sounds familiar?
• 1:01:02
  Like that's wild. Like like that's so wild.
• 1:01:05
  Let's see what else she says. A European democracy shield?
• 1:01:15
  You can't even make this up if you tried, bro.
• 1:01:18
  God damn. Holy cow.
• 1:01:21
  That is wild. That is wild.
• 1:01:25
  That's so crazy Bitcoin or slavery, everyone just saying
• 1:01:32
  Bitcoin or slavery. Anyways, before we move on guys,
• 1:01:35
  I do want to give a shout out to our partner.
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  But anyways, I do want to go back to the conversation like
• 1:02:19
  bro a Democrat what is it a democracy shield?
• 1:02:23
  A democracy. Shield a European democracy
• 1:02:25
  shield We need to look at your shit that that's what that
• 1:02:29
  means. We need to, we need, we need to
• 1:02:31
  be able to see everything for the sake of democracy.
• 1:02:34
  Bro. If we are not able to see your
• 1:02:37
  private DMS, democracy is at risk.
• 1:02:43
  That's crazy man. People in the chat.
• 1:02:46
  The authoritarian state is blatantly obvious.
• 1:02:48
  Yeah dude it's so obvious. It's so obvious it's batshit.
• 1:02:54
  This is wild. Truth is manipulation for them,
• 1:03:01
  power for control. Imagine thinking privacy still
• 1:03:06
  exists. That's a good one.
• 1:03:09
  The ruling class versus the slaves.
• 1:03:11
  Oof, that's a good one. The old country is going full
• 1:03:16
  oralian. Or did I say that right?
• 1:03:18
  Orwellian. Orwellian.
• 1:03:19
  Thank you, Opti. Dude, this guy can't speak.
• 1:03:22
  It's crazy. Anyways, all right, all right,
• 1:03:28
  let me let. Me.
• 1:03:29
  Let me dump your take on this. First off, you know Nico?
• 1:03:33
  Nico asked. I, I think it was rhetorical,
• 1:03:36
  obviously, but you know, basically asking them like, how
• 1:03:41
  can they not see that this will be abused?
• 1:03:45
  Obviously they're trying to exempt themselves.
• 1:03:47
  They probably understand just how bad this is, but they're
• 1:03:51
  trying to exempt themselves without little thought to 2nd
• 1:03:55
  order effects here. Like if they're no longer in
• 1:03:57
  power, obviously you will be targeted.
• 1:03:59
  But I think the most depressing part about kind of the state of
• 1:04:03
  the world is a lot of people think that the politicians are
• 1:04:06
  like evil geniuses. In reality, they're some of the
• 1:04:09
  most incompetent people, period. And whence you really kind of
• 1:04:14
  chew on that idea, you're like, man, like the state of the world
• 1:04:18
  is, is it like we're cooked? This is horrible.
• 1:04:22
  Now, I've been seeing this happen for a while.
• 1:04:26
  Then you go staring at me. You go staring at me.
• 1:04:29
  Wait. Metaphorically.
• 1:04:31
  Metaphorically. You're turning red right now.
• 1:04:36
  Because I'm hot in here, dude. I'm literally.
• 1:04:39
  Sweating, bro, it's hot in here. It is.
• 1:04:41
  The AC is not working. So I'm it's I'm not, I'm not
• 1:04:44
  embarrassed about what I say. I'm just sweating.
• 1:04:46
  It's like, hot. I've been following along on
• 1:04:50
  this for a while. And, and I make Nico turn red
• 1:04:52
  because I, I'm always joking. Like, I'm so glad that I'm an
• 1:04:55
  American and I don't have to deal with what Europe wants to
• 1:04:57
  do. But this, this.
• 1:04:59
  Yeah, dude, thank you. But this is happening
• 1:05:01
  everywhere. Like we've, we've all seen the
• 1:05:04
  stories of people being arrested for memes in Europe.
• 1:05:08
  Well, we are starting to see something similar happen in the
• 1:05:11
  US. So it's not one of those things
• 1:05:12
  that like, oh, this will never happen in the United States
• 1:05:14
  because we have the constitution, we have the 1st
• 1:05:16
  amendment, etcetera, etcetera. It's like, no, the politicians
• 1:05:19
  want to have it have this happen everywhere because as we've been
• 1:05:23
  covering for a while on the show that ever since social media has
• 1:05:27
  been proliferated, ever since, you know, Elon semi freed the
• 1:05:31
  bird on Twitter, they can't control the conversation.
• 1:05:35
  And since we basically don't have like a 1 Walter Cronkite on
• 1:05:40
  the on the on the news, you know, since we don't have gate
• 1:05:44
  kept information anymore and everyone isn't watching the same
• 1:05:47
  thing. You know, the plebs out there,
• 1:05:49
  the the everyday layman, you know, they're, they're talking,
• 1:05:53
  they're, they're saying stuff that they, the powers that be
• 1:05:56
  don't want to be said. They're having conversations
• 1:05:58
  that they don't want to have. Because if you do start
• 1:06:02
  questioning stuff, then eventually you're going to get
• 1:06:05
  to the point where as the chat was saying, like the
• 1:06:07
  authoritarianism is just so obvious.
• 1:06:09
  Now there is a, you know, like there, there is a very real
• 1:06:13
  effect of people kind of overshooting that.
• 1:06:15
  And, you know, everything is a conspiracy and everything is
• 1:06:19
  super evil. But I think that's just part of
• 1:06:22
  the game right now. This is where we are where
• 1:06:24
  social media has allowed everyone to be more
• 1:06:26
  interconnected to have these conversations.
• 1:06:29
  And the people in power are, you know, they're obviously
• 1:06:33
  panicking. And this leads us into the the
• 1:06:35
  greater conversation is like, if they don't want you to literally
• 1:06:39
  say words or think certain thoughts, what makes you think
• 1:06:43
  that they're going to want to allow you or even think that
• 1:06:47
  it's a good idea for you to use a money that they cannot stop?
• 1:06:50
  Like the, the, the idea that they're going to be OK with self
• 1:06:53
  custody and they, they're not even OK with you.
• 1:06:56
  Like communicating freely is like absurd like that.
• 1:07:01
  This is why I had a problem the other day, like when Lola elites
• 1:07:03
  was like basically like no, like she was like nitpicking like the
• 1:07:06
  information. So you're not getting this 100%
• 1:07:08
  accurate. And I was like, you're missing
• 1:07:10
  the big picture here, Opti. I think that the hat fell behind
• 1:07:13
  you, by the way, and and she was basically like look like you.
• 1:07:20
  You're missing the big picture, so to speak.
• 1:07:22
  And I'm like, no, I don't think I am like I think that they're
• 1:07:25
  it looks horrible, bro. Looks very, very nice.
• 1:07:33
  I love our hats. simplybitcoin.com get the latest
• 1:07:36
  merch anyways, guys, we're going to have a great culture segment.
• 1:07:43
  I don't know what Opti has in in in stock for today, but it's
• 1:07:46
  going to be a good one guys. We love you all appreciate it.
• 1:07:49
  Stay tuned. We're going to be right back in
• 1:07:51
  just a little bit. I want to give a shout out to
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  freedom. All right guys, we are back.
• 1:09:57
  So I wanted to cover this a couple of days ago because an
• 1:10:01
  article went absolutely viral. And I, I don't think that the
• 1:10:07
  article in and of itself is too revolutionary.
• 1:10:12
  It does expose kind of a general trend that many people feel, but
• 1:10:17
  I think what is kind of the most important aspect of this from
• 1:10:20
  our perspective, from a Bitcoiners perspective, is who
• 1:10:23
  wrote this article. And so let me pull this up.
• 1:10:26
  This is this guy, Michael W Green.
• 1:10:31
  If you're unfamiliar with him, he's known as Professor Plum on
• 1:10:36
  Twitter and he's been a very notorious anti Bitcoin guy.
• 1:10:43
  All right wait guys, we turned the AC on.
• 1:10:44
  Let me know if you guys can hear this because if we can, then I I
• 1:10:47
  won't be dying every day in the chat.
• 1:10:49
  So it's it's it's super loud, but I'll I'll turn it off.
• 1:10:53
  If not, let me know if you can hear it in the background.
• 1:10:55
  Anyways, as I was saying, this article went pretty viral.
• 1:10:58
  This was released on the 23rd and it's called Part 1.
• 1:11:02
  My life is a lie and he's a notorious notorious anti Bitcoin
• 1:11:08
  Fiat MMT maxi and he he goes out there all the time he you know
• 1:11:14
  he shits on Bitcoin he's a fool just fully on board no they
• 1:11:19
  don't hear it let's. Go.
• 1:11:20
  OK, let's go. Anyways, I'm not going to read
• 1:11:24
  the whole article, but I do highly suggest that you guys
• 1:11:27
  read it here. Let me drop in the chat for you
• 1:11:29
  guys again. As a Bitcoiner, it's probably
• 1:11:33
  not going to be too kind of revelatory, like it's not going
• 1:11:37
  to tell you anything you don't already know.
• 1:11:39
  But for like your friends and family and people that are
• 1:11:42
  complaining about what's going on, I think it does give you a
• 1:11:45
  lot of signal of where we are. And of course, there's a lot of
• 1:11:48
  charts. He makes his case, but I'm going
• 1:11:49
  to just read kind of the conclusion of this because I
• 1:11:53
  think it kind of sums sums up the article very well.
• 1:11:57
  And of course, he didn't get to the point where we would on this
• 1:12:00
  show and be like, that's why we buy Bitcoin.
• 1:12:02
  This is the very reason why we're Bitcoiners.
• 1:12:04
  This is the very reason why everyone will most likely
• 1:12:07
  gravitate towards Bitcoin. But it does kind of sum up
• 1:12:11
  exactly what everyone is feeling.
• 1:12:14
  But now he's got the dad to back it up.
• 1:12:17
  You know, people are struggling right now.
• 1:12:18
  People are living paycheck to paycheck.
• 1:12:20
  People are working more than ever.
• 1:12:21
  And they can't, you know, it still feels like they're barely
• 1:12:25
  floating. It still feels like they're, you
• 1:12:28
  know, barely able to tread water Now when you look at all the
• 1:12:31
  official kind of numbers, there is a there is a pretty good case
• 1:12:36
  to make that like as a society, we're richer than we ever lived.
• 1:12:41
  You know what, right now, even if you're middle class, maybe
• 1:12:45
  even lower, lower income, low, you know, lower middle class,
• 1:12:49
  like you're living better than you know, than kings of the past
• 1:12:53
  and even that you're starting to feel like I'm just treading
• 1:12:56
  water. So I'm going to read this here
• 1:12:58
  because I think it's very interesting.
• 1:13:00
  He goes the lie. So that's a trap.
• 1:13:02
  The real poverty line, the real poverty line, the threshold
• 1:13:06
  where a family can afford housing, healthcare, childcare
• 1:13:08
  and transportation without relying on means tested benefits
• 1:13:12
  isn't $31,200. Now, that number is essentially
• 1:13:16
  the official number that is touted by all these
• 1:13:19
  institutions, by these governments that if you're
• 1:13:21
  you're making less than $31,000 and you're under the official
• 1:13:25
  poverty line. Now this whole article basically
• 1:13:28
  makes the case that that number is completely wrong.
• 1:13:31
  It's based on a 1963 metric that is completely flawed.
• 1:13:35
  And the real poverty line, which I think a lot of people feel
• 1:13:39
  they're like, look, I make 70 KA month.
• 1:13:41
  You know, I make 100 KA month. I make 50 KA month via the
• 1:13:46
  official numbers. I should be feeling like I'm
• 1:13:48
  doing OK. But in reality, when you kind of
• 1:13:51
  look at the numbers you adjust for inflation, you adjust for
• 1:13:54
  the real cost of living and the and the real things you need to
• 1:13:56
  essentially, you know, live a modern comfort life.
• 1:14:00
  The real number is roughly $140,000.
• 1:14:04
  Again, said another way, if you are making less than $140,000
• 1:14:11
  then that is the real poverty line.
• 1:14:13
  And I'd venture to guess that most people don't make more than
• 1:14:17
  $140,000. And This is why you see a lot of
• 1:14:20
  people that have good jobs, you know, they're like, I make 6
• 1:14:23
  figures a year and yet I still feel like I'm barely floating.
• 1:14:28
  I still feel like I am broke. And this article makes a very
• 1:14:32
  good case for everything. Completely skewed the the real
• 1:14:36
  poverty line, which is insane to think about.
• 1:14:38
  The real poverty line today is if you're making less than
• 1:14:41
  $140,000, you're essentially in poverty compared to, you know,
• 1:14:46
  based on some of these metrics. Anyways, and he goes, most of my
• 1:14:49
  readers will have cleared this threshold.
• 1:14:51
  My parents never really did, but I was born lucky.
• 1:14:53
  Brains, beauty in the eye of the beholder, admittedly height
• 1:14:57
  parents that encourage and sacrifice for education and in
• 1:15:01
  American citizenship. But most of my readers are now
• 1:15:03
  seeing this trap for their children, and the system is
• 1:15:07
  designed to prevent them from escaping.
• 1:15:09
  Every dollar you are coming from $40,000 to $100,000 triggers
• 1:15:13
  benefits losses that exceed your income gains.
• 1:15:15
  You are literally poorer for working harder.
• 1:15:18
  The economist will tell you this is fine because you're building
• 1:15:20
  well. Your 4O1K is growing.
• 1:15:22
  Your home equity is rising. You're richer than you feel.
• 1:15:26
  Next week, I'll show you why that's wrong, and then we can
• 1:15:28
  start the discussion of how to rebuild because we can.
• 1:15:31
  The wealth you're counting on, the retirement accounts, the
• 1:15:34
  home equity, the nest egg that's supposed to make this all
• 1:15:36
  worthwhile is just as fake as the poverty line.
• 1:15:39
  But the humans behind that wealth are real, and they are
• 1:15:42
  amazing. So it's going to be interesting
• 1:15:44
  to see what his solutions are next week.
• 1:15:47
  But obviously from a Bitcoiners perspective, I'm pretty sure
• 1:15:51
  he's not going to say Bitcoin for us.
• 1:15:54
  It's like, yeah, you know, maybe maybe I'm not making as much
• 1:16:00
  money yearly to officially be over the poverty line.
• 1:16:04
  But what you can do is save in something.
• 1:16:07
  Obviously you need to have a little extra means in this
• 1:16:09
  context. It's going to be extremely hard
• 1:16:11
  that if you're not making any money, it's obviously going to
• 1:16:14
  be hard to save money and then further save in the best money
• 1:16:17
  because there's a learning curve to that.
• 1:16:19
  But when you really think about that idea that if you're not
• 1:16:22
  making more than $140,000 a year because of inflation, because of
• 1:16:27
  how costly everything is, and this is of course in the United
• 1:16:30
  States, you are literally under the poverty line.
• 1:16:34
  I think what is interesting about this is that most people
• 1:16:37
  are still working on old paradigms.
• 1:16:40
  Obviously, if you tell people you make 100 KA year, they're
• 1:16:43
  like, oh, you're rich man, you should be doing good.
• 1:16:45
  You should be traveling, you should have excess, but in
• 1:16:48
  reality, most people are struggling.
• 1:16:50
  And when you really look at the data, and hence why we always
• 1:16:52
  make fun of the CPI, basically the official, you know, CP lie
• 1:16:56
  that it doesn't account for inflation.
• 1:16:58
  All of these numbers are skewed. You can even kind of go in and
• 1:17:01
  you know, Nico's not here, but you, you can go into what the
• 1:17:05
  Trump administration is saying. And I'm, I've been pretty
• 1:17:07
  favorable on some of them, or rather, I've been pretty kind of
• 1:17:10
  neutral on a lot of the stuff. But one of the things they've
• 1:17:14
  been saying recently is like, the economy is doing better than
• 1:17:16
  ever. And, yeah, maybe due to the
• 1:17:19
  numbers that they can, you know, put out in front of you, it
• 1:17:21
  seems like we're doing better. But when you talk to people on
• 1:17:25
  the street, when you go to the grocery store, when you have to
• 1:17:29
  pay for something that you didn't, that's unexpected, you
• 1:17:32
  realize like, wait, this isn't going as good as everyone says
• 1:17:37
  it is. And I think when you kind of
• 1:17:39
  boil it all back down to what US bit corners have been saying for
• 1:17:42
  a while, it's like, it's the money, guys.
• 1:17:44
  The money is broken. Not only is the money broken,
• 1:17:48
  but the system is designed in such a way that the top half of
• 1:17:52
  it, the top 1%, is extracting wealth from the bottom 99%.
• 1:17:56
  And this is just how the system works and I I'm going to be very
• 1:18:00
  interested to see what his solutions are.
• 1:18:04
  Again, he is like an anti bitcoiner and MMT kind of guy.
• 1:18:09
  Fiat maxi. So I doubt.
• 1:18:11
  He's going to actually say bitcoins, you know, one of the
• 1:18:14
  ways to escape from this. But just that idea, if you're
• 1:18:17
  making less than $140,000, you're really in poverty.
• 1:18:21
  It's just crazy to me. And then when you talk to maybe
• 1:18:23
  your friends, your family, your parents, especially, maybe your
• 1:18:27
  parents, if they're like the boomer age, you know, they
• 1:18:30
  always say the same thing to you.
• 1:18:31
  They like just work harder, you know, just like bootstrap
• 1:18:34
  yourself like I did. And you're like, yeah, you know,
• 1:18:37
  I agree. Hard work is, it's very
• 1:18:38
  important. But when you really look at the
• 1:18:41
  data, it's just like you can't really get out of this this
• 1:18:46
  cycle if you can't save him something, if you don't have any
• 1:18:50
  excess. And it's just like it just goes
• 1:18:52
  to show, it highlights how broken the system is.
• 1:18:54
  And it's not that you're being gaslit.
• 1:18:56
  It's not that you're, you know, becoming an extremist online.
• 1:19:00
  It's just when you go to the raw data, it's showing us, yes,
• 1:19:03
  maybe we have more modern comforts than, you know, kings
• 1:19:09
  of the past, but in reality, we're probably worse off than,
• 1:19:16
  you know, medieval serfs. Like we live in a sharecropper
• 1:19:20
  society where you work hard but you really don't own anything.
• 1:19:24
  You barely able to even do anything.
• 1:19:27
  We live in a renter society and I could probably rent on this
• 1:19:30
  for a long time, but it just, it really blows my mind that the
• 1:19:34
  poverty line is under 140K. If you're not making 140K,
• 1:19:39
  you're, you're, you know, you're being lied to by the money.
• 1:19:42
  The dollar is a liar. You need to value your wealth,
• 1:19:45
  your time in a a, a metric that doesn't lie to you and to us, to
• 1:19:54
  the Bitcoin community that is Bitcoin, as long as you're
• 1:19:57
  stacking more stats than you were last.
• 1:19:59
  Month. You are winning that game.
• 1:20:02
  It may not feel that way because the price hasn't gone up a lot.
• 1:20:05
  It may not feel that way because you still feel like you're not
• 1:20:09
  spending any money on anything. You're not getting the quick
• 1:20:11
  dopamine from it. But I'd be surprised if he
• 1:20:15
  mentioned Bitcoin anyways. Maybe this is a good topic that
• 1:20:18
  you can talk with your family. Maybe this is a new angle that
• 1:20:21
  you can tell your friends and family.
• 1:20:22
  Obviously it's hard to get people to invest in Bitcoin if
• 1:20:26
  they don't have the means to even survive, just hit their
• 1:20:29
  basic survival necessities. But that number is nuts.
• 1:20:34
  The official government, you know, the official narrative is
• 1:20:36
  if you're making more than $31,000, you're not in poverty.
• 1:20:40
  The real numbers adjusted from 1963 when that metric came out
• 1:20:43
  to today is $140,000. Just kind of a mind blowing,
• 1:20:49
  mind blowing number from I would argue a very unexpected source
• 1:20:54
  because he's a Fiat maxi, he's an anti bitcoiner.
• 1:20:57
  But you can still find signal in people that you disagree with
• 1:21:01
  and in the noise. There's still some signal out
• 1:21:03
  there guys. So anyways guys, that is today's
• 1:21:06
  show. I hope you guys got some value
• 1:21:09
  before I sign off. Guys, we are going to do a live
• 1:21:13
  stream tomorrow. You guys will get your
• 1:21:15
  Thanksgiving orange pills tomorrow.
• 1:21:18
  The show don't stop. We'll be here tomorrow, same
• 1:21:20
  time as usual, maybe a little earlier, maybe like today's
• 1:21:24
  time, you know, only 10 minutes late or what was it 15 minutes
• 1:21:27
  late? So we will be live tomorrow.
• 1:21:29
  We are going to be dropping content on our channel.
• 1:21:33
  And on that note, we appreciate you guys.
• 1:21:34
  We love you guys. We will see you tomorrow.
• 1:21:37
  This has been your boy Opti. This has been simply Bitcoin
• 1:21:39
  live. Have a good rest of your day.
• 1:21:43
  Today's episode was brought to you by bitcoinwell.com, a
• 1:21:46
  Bitcoin only platform on a mission to enable financial
• 1:21:49
  independence.