Latest / Simply Bitcoin / Why Buying $80k Bitcoin Is A Once In A Lifetime Opportunity! | EP 1205

Transcript

Why Buying $80k Bitcoin Is A Once In A Lifetime Opportunity! | EP 1205 · Simply Bitcoin

• 0:01
  Yo, today we're going to be explaining why Michael Saylor's
• 0:03
  newest bombshell speech that he made at this conference in Miami
• 0:08
  Beach is just another reminder as to why your time to acquire
• 0:12
  just one Bitcoin is quickly running out.
• 0:15
  So what was the name of this conference?
• 0:16
  The name of this conference was future proof.
• 0:19
  It happened like one or two days ago and you know, it's, it's
• 0:23
  pretty crazy because we might be entering A10 year digital gold
• 0:28
  rush and he broke down this thesis.
• 0:30
  He's been talking about this thesis for, for a while now.
• 0:33
  So I think the question is, is your time to acquire?
• 0:37
  Is your, is your window of opportunity to acquire just one
• 0:40
  Bitcoin or Bitcoin under 100K? Is that window of opportunity
• 0:44
  slowly closing? I mean, Michael Saylor made a
• 0:47
  very, very good case of just that.
• 0:51
  I'm going to play you guys the clip and then we're going to
• 0:52
  talk about it. Let's check it out.
• 0:54
  This is kind of historic entry point because all of the risk
• 0:59
  has been stripped off the asset. Like you pretty much know Wall
• 1:03
  Street's going to embrace it, the US government's going to
• 1:05
  embrace it, and banks and the US going to embrace it, which means
• 1:09
  that all the other banks will embrace it.
• 1:11
  You already know all those things and yet the market is
• 1:14
  really skittish based upon concerns about tariffs.
• 1:20
  You know this, the disposition of the US economy, the interest
• 1:24
  rate forward graph. And so you see the interest
• 1:27
  rates have pulled in 30-40, fifty basis points and and we're
• 1:31
  in this in this macro risk off zone.
• 1:36
  When that flips, I think Bitcoin will RIP forward with a
• 1:40
  vengeance. Now, the you said Wall Street's
• 1:43
  going to embrace it, and that is true, but still it's limited.
• 1:48
  I've been talking to these Rias here.
• 1:50
  Many of them are very interested in Bitcoin, but a lot of them
• 1:52
  have questions. When I walked around and say,
• 1:54
  what do you want to hear from Michael Saylor, they say, well,
• 1:56
  we're still concerned about suitability issues.
• 1:58
  We still have issues about recommending them to our
• 2:01
  clients. This is still a real concern.
• 2:03
  What do you what do you say to those who are still concerned
• 2:05
  about suitability? The only asset endorsed by a
• 2:09
  president of the United States in 50 years is Bitcoin.
• 2:13
  I mean, go go back in the last 200 years in the history of the
• 2:17
  country. And I think if you go to the
• 2:19
  founding fathers, they wrote in the Constitution that money is
• 2:22
  silver and gold coin. And then at some point there was
• 2:26
  a chicken in every pot. And maybe, maybe with the
• 2:29
  founding of Fannie Mae and Freddie Mac, we endorsed
• 2:32
  everybody to single family home ownership.
• 2:36
  But in the 21st century, you have just one asset, Bitcoin.
• 2:41
  The president saying don't sell your Bitcoin, saying more than
• 2:45
  that, saying the United States won't sell its Bitcoin.
• 2:49
  And so everything else you put your client into, if the, if the
• 2:53
  US government seized any other security that you sold to a
• 2:57
  client, if they seized any collectible, any art, any real
• 3:01
  estate, they would sell it. The only thing that the US
• 3:05
  government won't? So I mean, lots to unpack here.
• 3:11
  By the way, I'm joined today by, of course, my legendary Co host,
• 3:14
  Optimus Fields. And our special guest today,
• 3:17
  CJCJ is the Chief Revenue Officer over at Compass Mining.
• 3:21
  So lots to unpack. 2 separate things that Sailor brought up #1
• 3:25
  which is essentially Sailor making the case that this is a
• 3:28
  historic entry point, $80,000 Bitcoin.
• 3:32
  I mean, when Bitcoin was at 109,000 earlier on this year, we
• 3:38
  didn't have a strategic Bitcoin reserve that what that wasn't
• 3:41
  the case right now that is the case.
• 3:43
  Now we have X posts coming out of the White House account
• 3:47
  basically saying that the United States essentially wants to the
• 3:51
  the this current administration wants to make the United States
• 3:53
  the Bitcoin capital of the world.
• 3:56
  That wasn't the case when Bitcoin hit an all time high in
• 4:00
  January 20th. So lots of it's been incredible
• 4:04
  the things that have happened from a historic, from a
• 4:07
  historical context, especially if you've been in Bitcoin for a
• 4:09
  while and it's an absolute no brainer in my opinion.
• 4:13
  But as Sailor was saying, the market feels a little bit
• 4:16
  scared. Like if you look at the the the
• 4:19
  fear greed ratio, like it's like extreme fear, like people are
• 4:24
  spooked right now. It kind of makes sense.
• 4:26
  You have a new administration coming in.
• 4:28
  They have new policies regarding the tariffs.
• 4:31
  It's kind of spooking people here and there.
• 4:34
  But if you look at the fundamentals, like Bitcoin has
• 4:37
  never been in a better position. I mean, if you were around last
• 4:41
  year, ladies and gentlemen, like it was clear as day, like it was
• 4:44
  scary from a regulatory perspective.
• 4:46
  There is many moments of uncertainty last year where we
• 4:50
  thought the industry was essentially going to be banned
• 4:53
  by the previous administration. Now this election has cleared
• 4:56
  all of that up and there is no risk, there is no regulatory
• 5:01
  risk anymore that that's going to be blue sky for, for, for the
• 5:06
  entire industry. It's extremely, extremely
• 5:08
  bullish. And obviously, you know, the
• 5:11
  market hasn't realized that yet. I think it will.
• 5:13
  I think it will a lot sooner rather than later.
• 5:15
  And I think that's what that's what Saylor was was talking
• 5:19
  about. Another thing that I'll say too
• 5:20
  as well is the, the, the concept where he says like, look, this
• 5:24
  is the first time AUS president has endorsed an asset.
• 5:28
  I mean, that is 100% true. I don't remember that ever
• 5:33
  happening, right, for a very, very long time.
• 5:35
  So this is extremely bullish. You know, the United States is
• 5:38
  one of the most powerful countries on the face of the
• 5:41
  planet economically and of of course, culturally and just
• 5:46
  militarily, just in general, it's like one of the most, you
• 5:49
  know, powerful countries on the face of the Earth.
• 5:51
  And essentially this country is basically announcing to the
• 5:53
  world that has every intention to acquire more Bitcoin.
• 5:56
  So just break it down. They're going to use their
• 5:59
  infinite money printer essentially, that's what it is
• 6:02
  to buy something that has absolute scarcity.
• 6:04
  What do you think the price is going to do?
• 6:06
  I mean, it's not rocket science. And I completely agree with
• 6:09
  Sailor. I think this is a once in a
• 6:10
  generational opportunity. I, I was talking to CJ before we
• 6:15
  were going live and you're talking about the risk.
• 6:18
  I feel like all the risk essentially has been removed.
• 6:21
  You have all the upside, but the downside is now limited.
• 6:24
  I mean, the, the uncertainty has been removed with the approval
• 6:28
  of the ETFs and of course, the changing of the regulatory
• 6:31
  environment. CJ, welcome to the show.
• 6:32
  And what do you think? Awesome.
• 6:34
  Yeah, I think thank you guys. Really appreciate you having me
• 6:36
  on and and agree 100%. I mean, you heard sailors say it
• 6:40
  there like, you know, really even six months ago, all of the
• 6:43
  there we had this whole left tail risk that could happen, you
• 6:47
  know, if the election went a kind of a different way.
• 6:49
  You had a a lot of promises made on both sides of the aisle in
• 6:53
  the election and and you know, it it really that's been
• 6:57
  removed. And so it's really exciting to
• 6:59
  see, you know, I was having this conversation even this past week
• 7:02
  with my family, like you really have removed the risk adjusted.
• 7:08
  This is really a really great time to buy Bitcoin.
• 7:10
  Obviously we're all Bitcoin bulls here, but it, it's
• 7:13
  certainly, you know, my, my view is now's a great time and real,
• 7:17
  you know, really encourage obviously friends, family as
• 7:20
  well as as you know, my personal family to make sure we're
• 7:22
  accumulating at this point. Yeah, 100%.
• 7:25
  The the risk adjusted adjustment return.
• 7:28
  What how do you say it? How do you say it precisely?
• 7:31
  Risk adjusted, yeah. Risk adjusted, yeah.
• 7:35
  Yeah. So.
• 7:35
  And what is that like? What is the definition of that
• 7:37
  for anyone who's not familiar? Yeah, it's, it's a good
• 7:40
  question. So basically, you know,
• 7:42
  investments have varying degrees of risks, right?
• 7:44
  So when they're really high volatility, basically back in
• 7:47
  the last, you know, before the election, you had all of these
• 7:50
  risks. You mentioned 1 regulatory,
• 7:54
  there could have been literally, you call it stroke of pen risk,
• 7:56
  right? Like, you know, the Biden
• 7:58
  administration or the Harris administration could have woken
• 8:01
  up and said, hey, you know, we don't like Bitcoin or we don't
• 8:03
  like Bitcoin mining or whatever that is and said, you know,
• 8:06
  we're getting rid of this industry And like that basically
• 8:10
  has been removed. I mean, you know, the Trump
• 8:11
  administration has been very, very clear that they want to
• 8:14
  protect, you know, Bitcoin as an asset and Bitcoin mining as a as
• 8:18
  an industry and that that that risk has all been removed.
• 8:22
  So really, you know, the only risk you have and in Saylor
• 8:25
  highlighted it is I do think you see a lot of macroeconomic
• 8:29
  headwinds right now, right? You see, you know, that you all
• 8:32
  that DOGE is doing to kind of cut spending, which is maybe a
• 8:35
  little bit of short term pain. And and for the benefit of long
• 8:38
  term, I think you're kind of seeing a little bit of that, a
• 8:41
  little bit of uncertainty. And so, you know, the market
• 8:45
  doesn't know how to handle that. Bitcoin is obviously very
• 8:47
  liquid, right? So that that creates an excuse
• 8:50
  for many to just say, hey, I can sell this liquid asset to kind
• 8:53
  of shore up my balance sheet and maybe wait out some of this
• 8:56
  volatility you're saying. But outside of like those
• 8:59
  macroeconomic headwinds, you're really seeing like all of the
• 9:02
  regulatory uncertainty, the tax uncertainty that you were
• 9:05
  starting to see, It wasn't that long ago, maybe a year, 18
• 9:09
  months ago, we were talking about like a 30% excise tax on
• 9:13
  Bitcoin mining in the US from the last administration, right?
• 9:16
  So it's like hard to believe how far we've come.
• 9:18
  Obviously, another one is the on the regulatory side is, you know
• 9:24
  all of the all of the legislation or the I'll call it
• 9:28
  prosec prosecutorial misconduct or whatever from like the SEC
• 9:32
  and others going after crypto companies trying to basically
• 9:35
  push them out of the US. So it's yeah, definitely been
• 9:39
  really interesting like you know, I know compass has had
• 9:41
  this and many other Bitcoin mining or Bitcoin adjacent
• 9:45
  companies have had this issue where it was really hard to get
• 9:48
  a bank account right. Operation choke .2 point O.
• 9:51
  That's for the many reviewers probably be familiar with that
• 9:54
  where like basically, you know Bitcoin companies are getting
• 9:57
  pushed out of the US just by nature of not being able to get
• 9:59
  a bank account. And so, you know, honestly, like
• 10:03
  all of these things are starting to see like maybe people that
• 10:06
  are just thinking about buying Bitcoin for the the first time
• 10:08
  aren't seeing that. They don't see that because
• 10:11
  they're not in the industry. But like all of these tailwinds,
• 10:14
  former headwinds are moving to you know, I think Sailor even
• 10:17
  use this methodology are or at least looking turning to
• 10:21
  crosswinds and maybe very quickly moving to tailwinds.
• 10:24
  100% I, I, I agree with, I agree with you.
• 10:27
  And I think it's going to happen very quickly.
• 10:30
  And you know, again, you just look at pay attention to the
• 10:33
  fundamentals, what's actually being laid out in front of you
• 10:37
  and it's blue sky like there is no reason as to why, you know,
• 10:42
  numbers shouldn't be going up. But again, this is we're all
• 10:45
  we're all extremely bullish and we're Bitcoiners.
• 10:47
  So that's just our opinion. Anyways, Opti, what's your take
• 10:51
  on this? The rumble chat going wild like
• 10:54
  always someone trolling me saying, all right, Nico's going
• 10:57
  to say getting getting ready to to say move to El Salvador.
• 11:01
  Opti counted with USAUSA. So seems like we don't have to
• 11:05
  move to El Salvador anymore, Opti.
• 11:08
  Yeah. I mean, just to kind of echo
• 11:10
  what Sailor and CJ were both saying is I think this is the
• 11:14
  least risky time to buy Bitcoin, period.
• 11:17
  You know, but it's really more of a heuristic every day that
• 11:20
  Bitcoin last is becoming the least risky time to buy Bitcoin.
• 11:25
  But when you consider all the things that Sailor is saying,
• 11:27
  whether it's the, you know, regulatory landscape in the US,
• 11:31
  the endorsement by a basically the most powerful presentation
• 11:34
  in the world, and then of course, all the institutions,
• 11:37
  Larry Fink, all the all the suits and all the quote UN quote
• 11:39
  smart money coming in. It really blows my mind how
• 11:42
  people can look at Bitcoin and be like, yeah, I don't want to
• 11:46
  buy this. And that doesn't even bring
• 11:48
  bring into fact the idea that Bitcoin is the best performing
• 11:51
  asset in the last 15 years. Like if you actually look
• 11:54
  through all of the numbers, it should be a very obvious buy as
• 11:57
  far as I'm concerned. Obviously I'm biased, but I
• 12:00
  think CJ did say something that is I think a, a very glaring
• 12:04
  issue here is that most people aren't really fully, you know,
• 12:08
  inundated with Bitcoin information.
• 12:10
  They're not fully just embracing the Bitcoin ecosystem.
• 12:14
  They probably heard about it. They probably have some
• 12:16
  floodlines here. They have like a one sentence
• 12:19
  quip about what Bitcoin is. And then they'll come back to
• 12:22
  Bitcoin, you know, four or five years later and be like, oh,
• 12:24
  wow, Bitcoin's still around. Oh, oh, wait, it's almost at
• 12:27
  100K. Like what is going on here?
• 12:28
  I thought it was going to die. So I think a lot of people just
• 12:31
  aren't really that informed around Bitcoin.
• 12:33
  But if you are paying attention, I don't see how you're not as
• 12:37
  all in as possible into Bitcoin because this is the best time to
• 12:41
  be buying Bitcoin. Though it is kind of funny.
• 12:44
  I think even Saylor in that clip was a little frustrated.
• 12:46
  Like he's laying all this stuff down and he's like Bitcoin's at
• 12:49
  80K right now. Like what?
• 12:51
  What is going on? It should be way higher than
• 12:53
  this. And yet somehow the price is
• 12:55
  still low and he just continues to create these weird financial
• 12:59
  products to try to get as much Bitcoin as possible.
• 13:02
  So I think he's even, I'm like, what is going on here?
• 13:05
  Why isn't Bitcoin price ripping? But I think we all know that
• 13:09
  once Bitcoin price does RIP, like it's going to RIP, it's not
• 13:12
  going to do. It's like it's not going to
• 13:13
  whatever everyone's saying. You know, Dennis, I know you
• 13:17
  wanted to go to 58 K, but it's not going to 58 K.
• 13:20
  We are going to 580 K. No, I'm, I'm kind of trolling.
• 13:24
  I'm kind of trolling. But I think once it starts to
• 13:25
  RIP upwards, it should RIP though.
• 13:28
  I don't know Nico, I know you and I have been arguing back and
• 13:31
  forth like is, is psycho theory over, you know?
• 13:35
  I mean that it's. A fun over now.
• 13:38
  I mean that's something that's something that's actually I also
• 13:40
  want to give a shout out to the live stream 1200 of you guys
• 13:43
  watching live almost 1000 of you guys watching live on X and
• 13:46
  almost 400 of you guys watching live on YouTube.
• 13:48
  If you guys are enjoying the live stream so far, help us
• 13:51
  break 100 likes within the 1st 20 minutes of the show.
• 13:53
  So smash that like button. Of course, shout out to the
• 13:56
  rumble audience, the most hardcore audience of them all
• 14:00
  just with the savage live chat ripping me a new one every
• 14:03
  single day smash like one if you guys are enjoying the show so
• 14:06
  far, but I do want to pull this up because you know my my wife
• 14:11
  was bringing this up to me yesterday she's like eco.
• 14:14
  You know Bitcoin is boring, so let's compare the cycles right.
• 14:18
  So this is of course, I mean, I'm going to take I'm going to
• 14:21
  take cycle one out because I feel like that was just
• 14:24
  absolutely crazy. Bitcoins market cap was so
• 14:26
  small. But if you take a look at the
• 14:28
  previous cycles, right, you have the 2021 cycle that happened a
• 14:33
  lot sooner than people anticipated.
• 14:35
  And of course, the famous 2017 cycle, which was absolutely
• 14:39
  bonkers. The red line is this cycle, this
• 14:42
  year, this current cycle. And I mean, it's obviously
• 14:46
  deviating. It's definitely underperforming
• 14:49
  if you compare it to the previous, you know, the previous
• 14:52
  eras. So I I'm gonna just open it up
• 14:54
  to you guys. Is, is Bitcoin becoming boring?
• 14:57
  Is Bitcoin just becoming like watching the S&P, watching the
• 15:01
  NASDAQ? Is it?
• 15:02
  Is it just? Like.
• 15:04
  Is it watching paint dry like are are are bitcoins dopamine
• 15:08
  days behind it? I'm gonna start it off with with
• 15:12
  you, Opti and then CJ. Bro, I mean, I don't know, it's
• 15:16
  still the beginning of the year. So I'm, I'm going to, you know,
• 15:20
  reserve judgment on that. But dude, if we have a worse
• 15:23
  cycle than 2020 call, I like it's a wrap, dude.
• 15:28
  Like I am going to neck like it's over, dude, what are we
• 15:32
  doing here? No, I, I really think that this
• 15:35
  this year, the end of the year, like I think historically if you
• 15:38
  kind of map that map, if can you pull that up again and go that
• 15:41
  that chart. Yeah, absolutely 100.
• 15:43
  Percent someone said scam cycle kind of boring to be honest all
• 15:49
  right all right W watching paint dry all right so we're at what's
• 15:55
  the date March all right now how many days is the top there?
• 16:01
  I mean, so the previous tops were like around 500. 200 days
• 16:05
  or something like that. Yeah, 202 hundred days to.
• 16:09
  Pump like you know, we have 2/3 of a year like we'll take it,
• 16:14
  we'll take it. How many, how many days are we
• 16:17
  right now? Is it are we 100 days in?
• 16:19
  So we're three. 100 days in. We're almost a year in though,
• 16:22
  no? No, no, I mean for this year.
• 16:24
  That's sorry. That's what I meant by this.
• 16:25
  Year. Oh yeah, we're like 9.
• 16:27
  Little bit, yeah. Little bit less so.
• 16:30
  So considering old cycles, maybe we get in October Christmas pump
• 16:36
  ish. You know, like we're we're going
• 16:38
  to have a really slow summer. We're going to not like this
• 16:42
  summer, but maybe we get a pump by the end of the year.
• 16:45
  I don't know man, Like fingers crossed at this.
• 16:50
  Oh man, I'm going to pass it on to CJ.
• 16:52
  By the way, we just broke 400 live viewers on YouTube.
• 16:55
  You guys are enjoying the show so far smash that like button.
• 16:57
  We just broke 100 likes. I'm going to raise the target
• 16:59
  help us break 150 likes by the time by the end of the live
• 17:03
  stream anyways, CJ, I'm going to pass it on to you Narwhal tacos
• 17:08
  and the rumble chat. Pro tip, watch old episodes of
• 17:11
  simply Bitcoin when from when Bitcoin was over 100K.
• 17:17
  I'm going to pass it on to CJ. CJ.
• 17:19
  What are your thoughts on this man?
• 17:20
  Like, especially from a mining perspective, you know, because a
• 17:23
  good friend of mine once told me that mining is like a levered
• 17:26
  long. So the, the days of mining are
• 17:29
  amazing when the price is absolutely mooning.
• 17:32
  So from a mining perspective, how does this feel?
• 17:35
  What, what were your are your have your expectations been met?
• 17:38
  Has Bitcoin been underperforming?
• 17:40
  What's your take, CJ? You know, I'm with AFTI, I think
• 17:44
  it's going to be an end of year story.
• 17:46
  So like second-half of 25, you know, obviously it kind of
• 17:50
  matches with that, you know, that chart that you guys just
• 17:52
  put up. But like, you know, we with the
• 17:55
  new administration, like there's a lot of like short term pain
• 17:58
  stuff that they're trying to do, obviously a lot of cutting, but
• 18:01
  that's, you know, in service of a, a longer term goal.
• 18:04
  You also have like central banks that are just starting to turn
• 18:07
  on the liquidity specket. We don't see that yet on in the
• 18:11
  US with, you know, the Federal Reserve.
• 18:12
  But you know, I, I do think, you know, come Q3Q4, you're really
• 18:16
  going to start to see a lot of liquidity entering the system,
• 18:19
  interest rates coming down. And it, it could be a totally
• 18:22
  different story. And as we know, like we've seen
• 18:24
  this time and time again, once once the train leaves the
• 18:27
  station, like it's, it's fast, it moves fast, right?
• 18:30
  So from mining perspective, you hit on it, mining is really, you
• 18:35
  know, I, I view it as a very levered, but functionally mining
• 18:41
  the machines, they can't plug in overnight, right?
• 18:43
  For the, for the most part, for the most part, like it takes,
• 18:46
  you have purpose built infrastructure, right?
• 18:48
  It takes 369 months to get these large projects put online.
• 18:53
  You also have a lot of like these public minors.
• 18:54
  I don't know if you get all the public minors much, but you
• 18:57
  know, a lot of them are shifting their either their current hash
• 19:01
  rate or their current, you know, infrastructure, electrical
• 19:03
  infrastructure over to HPCAI and or their their future plans for
• 19:08
  growth. So like, I'm actually of the
• 19:10
  view that you're not not going to see, you know, it's pretty
• 19:12
  common in mining where you have this like overreaction.
• 19:15
  Once mining economics get really good, where everybody plugs, you
• 19:18
  know, goes and develops a new project, they plug in a bunch of
• 19:21
  machine, they buy much machines and you know, 6-9 months later
• 19:24
  they, they plug in those machines.
• 19:26
  And I don't think you're going to see quite the reaction, the
• 19:29
  cycle that you've seen in past cycles, because you already have
• 19:32
  this kind of the sexy story that's related to Bitcoin mining
• 19:36
  or power infrastructure on HPCAI side.
• 19:39
  So you know, I do think like obviously speak in my book here,
• 19:42
  but like I think it's really important if you do have a, I'll
• 19:46
  call it a 369 month view of of a Bitcoin price pump.
• 19:50
  It's really important to get hash rate online in advance of
• 19:53
  that because that's when you really start to see, you know,
• 19:56
  in a four year cycle, if we continue to see those dynamics,
• 19:59
  you typically have 12 to 18 months of most of the
• 20:03
  profitability. I would say, you know, 90% of
• 20:05
  the profitability in a in a four year cycle is in a 12 to 18
• 20:10
  month window from what we've seen in past cycles.
• 20:12
  So really making sure you have your machines online during that
• 20:15
  peak that that high profitability is, is really
• 20:17
  important. A 100 percent, 100% agree with
• 20:21
  that. And actually what a lot of
• 20:22
  people, Opti knows this because he's heard me say everything at
• 20:25
  this point. They can't stand me anymore.
• 20:28
  But I actually, I got, I actually got into the industry
• 20:33
  via mining. I, my first foray, my first
• 20:37
  entrepreneurial endeavor in the Bitcoin was Bitcoin mining.
• 20:40
  And it was actually 2016. So I wish, I wish I would have
• 20:44
  stuck it out. It would have been great.
• 20:46
  But I pivoted to media around 2019-2020.
• 20:51
  So, but yeah, I mean, it's a, it's a great industry.
• 20:54
  I always recommend someone just, you know, get an S9 or, you
• 20:58
  know, check over our friends over at Compass, like you just
• 21:01
  just dip your toes in it because it's going to give you a, a much
• 21:05
  deeper appreciation for the infrastructure backing Bitcoin
• 21:09
  than if you didn't mind, you would have no idea.
• 21:11
  Like you'd you'd understand Bitcoin from AUI perspective,
• 21:14
  from a user perspective, from a transaction perspective.
• 21:17
  But once you understand the actual hardware that's backing
• 21:19
  it and it's unique to Bitcoin, like like especially since the
• 21:22
  theory pivoted to proof of stake, like there is no proof of
• 21:26
  work network that comes even close to Bitcoin.
• 21:30
  So it's very, very unique in that sense.
• 21:32
  So anyways, guys, it's going to be a jam packed show for you
• 21:35
  guys. Elon had an interview.
• 21:38
  I actually saw the entire podcast.
• 21:40
  He had a podcast with Senator Ted Cruz of Texas and it was
• 21:44
  actually, it was fascinating. I saw the entire thing.
• 21:46
  They talked about doge, they talked about government
• 21:48
  spending. But in the podcast, because we
• 21:50
  are a Bitcoin show, at the end of the day, Elon basically said
• 21:54
  like, yeah, there's these government payments and they
• 21:56
  essentially just come out of thin air.
• 21:59
  I don't know where they come from.
• 22:00
  So we're gonna play you guys the clip.
• 22:01
  We always tell you guys this all the time, right?
• 22:04
  All roads inevitably lead to Bitcoin.
• 22:07
  So we're gonna talk about that. If someone was making a bet in
• 22:10
  the chat about me saying the Overton window, you won the bet.
• 22:13
  The Overton window is definitely shifting 100%.
• 22:16
  Like the more politicians, the more very popular figures bring
• 22:21
  up the idea of the money printer, you know, the more all
• 22:24
  roads lead to Bitcoin. Where, where do you think that
• 22:26
  conversation is gonna lead? Bitcoin fixes this, right?
• 22:30
  And of course, during the news segment, also bullish news as
• 22:33
  well. Congressman Nicholas Bisch, I
• 22:37
  hope I pronounced that correctly.
• 22:38
  Opti is it Bisch? It's Begich.
• 22:42
  Begich. Thank you, Opti.
• 22:43
  Nicholas Begich, Thank you, Opti.
• 22:45
  So apparently he's a congressman from Arkansas and he's an OG
• 22:50
  bitcoiner. I think we're going to see.
• 22:52
  More and more. Of this as time goes by, like if
• 22:55
  you think about what government is, I mean, government is
• 22:58
  supposed to be made-up by the people for the people.
• 23:01
  If you're going to see wide adoption of Bitcoin in the
• 23:03
  United States and you're going to see more and more bitcoiners
• 23:06
  go into office, which obviously, you know, it's it's going to
• 23:10
  change things. And then I'm going to connect
• 23:12
  that with a river financial report basically saying or
• 23:17
  showing how this previous election, the November 2024
• 23:20
  election, how was a major, major win for the industry.
• 23:25
  So we're going to dive into that.
• 23:26
  And then during the culture segment, we have CJCJ is the
• 23:30
  Chief Revenue Officer with Compass Mining.
• 23:32
  And we're going to be talking about all things Compass.
• 23:35
  We're going to talk about Bitcoin mining, Bitcoin mining
• 23:37
  hosting. So it's been a great show.
• 23:39
  Before we jump into it, guys, smash that like button.
• 23:42
  We're at 1640 live viewers between X and YouTube and of
• 23:47
  course, shout out to the hardcore rumble audience as
• 23:50
  well. If you guys are enjoying the
• 23:52
  show so far smash that like button anyways, before we
• 23:55
  continue, I do want to give a very special shout out to of
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• 27:32
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• 27:40
  So that's per dollar. 1221 market cap 1.62 trillion Bitcoin
• 27:45
  versus gold market cap 7.55% percent percentage issued 94.46%
• 27:50
  decline from all time high -25% realized monetary inflation
• 27:55
  .92%. And the grand scheme of things,
• 27:58
  we are just getting the party started.
• 28:01
  Anyways, here is here is Elon Musk on Ted Cruz's podcast.
• 28:07
  It's called the verdict and he says the quiet part out loud.
• 28:11
  He said something that us Bitcoiners have known for quite
• 28:15
  a long time now. But again, it's not news to us.
• 28:19
  We're not surprised by this whatsoever.
• 28:22
  But if you're, if you haven't taken the orange pill yet, if
• 28:25
  you still haven't asked the question, what is money?
• 28:28
  Perhaps this will lead you to question what is money?
• 28:32
  So let's check out the clip and then we'll talk about it.
• 28:36
  So I call it magic. My computer.
• 28:38
  Any computer which can just make money out of thin air.
• 28:41
  Best magic money? So how does that work?
• 28:43
  It just issues payments. And you said there's something
• 28:46
  like 11 of these computers at Treasury that are that are
• 28:49
  sending out trillions in in payments.
• 28:51
  They're mostly Treasury. Some are with the sum at HHS,
• 28:56
  some at there's one one or two at states.
• 29:00
  There's some at Dodi think we found now 14 magic money
• 29:04
  computers. We're Beijing OK, They just
• 29:07
  send. So I mean, like, let's break
• 29:13
  that down for a second, right? So I mean, technically this is
• 29:19
  what Bitcoin miners do, right CJ?
• 29:23
  That's true. With with what type of money
• 29:25
  that is limited supply or fixed supply.
• 29:28
  So yeah, that's. Technically what this what
• 29:31
  Bitcoin miners do, but The thing is with Bitcoin miners, it ain't
• 29:34
  free, right? There's a cost, there's a,
• 29:36
  there's a power bill. It, it sounds like they're, they
• 29:41
  just put the, they just press the P on their keyboard and
• 29:43
  boom, bomb Bing. This money just comes out of
• 29:46
  nothing, But it's pretty crazy. I mean, it's crazy because there
• 29:51
  really is a computer in the government that has the
• 29:55
  capability of just sending money to people.
• 29:59
  Like we work for this, We slave away.
• 30:04
  Opti Opti and I hate each other. We've tried to build the
• 30:07
  business. We try to survive every single
• 30:11
  day, give you guys content, you know, and, and the struggle.
• 30:15
  And then, you know, CJI know you've been a compass, you know,
• 30:19
  basically almost from the very beginning, you, you know how
• 30:21
  hard it is getting a business off the ground, all the
• 30:24
  uncertainty, all the things that you have to overcome.
• 30:26
  Like it's, it ain't easy, right? And of course you do this 'cause
• 30:30
  you know, you love what you do obviously, but you want to make
• 30:32
  money, you want to provide for your family.
• 30:34
  It is crazy that there is an office or computers in the
• 30:39
  government that literally could just, they could just send it
• 30:43
  free, right? Like, and then, you know, all
• 30:46
  this corruption that we're finding out from better said,
• 30:49
  let me let me say that in a nicer fashion.
• 30:52
  All this money misallocation that's happening in the in, you
• 30:57
  know, the federal government, right?
• 30:59
  Like all this inefficiencies that, you know, Elon is
• 31:02
  discovering with Dodge, like obviously that's going to
• 31:06
  happen, right? If there's no cost to you to
• 31:10
  produce money, right? Why would you care what you it,
• 31:14
  it, it doesn't matter. It's it's, it's, it's not a,
• 31:17
  it's a non issue for you, right? So I think this is something
• 31:20
  that Bitcoin fixes because I think that if there is a cost to
• 31:24
  producing money, all of a sudden you start to think about, you
• 31:29
  know, how you're going to allocate it, how you're going to
• 31:31
  cherish it because it cost you something.
• 31:33
  It cost you time, it cost you effort, it cost you work.
• 31:37
  And I think this is where Bitcoin really shines.
• 31:39
  But again, not surprising at all to us Bitcoiners.
• 31:42
  Like, I mean, we had a video of one of the presidents of the Fed
• 31:46
  basically admitting on 60 minutes, like, yeah, we just
• 31:48
  create money out of thin air. But now we know that Elon is
• 31:52
  inside, right? He's inside that machine and
• 31:55
  he's confirming that. Yeah.
• 31:57
  It's literally like there's computers that could just send
• 32:00
  money out of thin air, which is absolutely crazy.
• 32:03
  Not surprising at all. But I think, you know, you guys
• 32:06
  are going to kill me. You want to say it anyways?
• 32:07
  I think when it regards whenever, yeah, when it relates
• 32:10
  to this subject, I think the Overton window is definitely,
• 32:13
  definitely shifting 100%. And our job as Bitcoiners is to
• 32:18
  keep that pressure and keep it shifting.
• 32:20
  Anyways, I'm going to pass it on to CJCJ.
• 32:22
  What are your thoughts on here? What are your thoughts on on
• 32:24
  this podcast? Man?
• 32:25
  Like it. It's not surprising to us
• 32:27
  Bitcoiners, to say the least. Yeah.
• 32:30
  You know, what I love most about it is it's Elon, right?
• 32:33
  And there's a lot of people that love Elon, a lot of people that
• 32:36
  hate Elon now. But what I love is everybody
• 32:39
  pays attention to him, right? And we, we've known for a while
• 32:44
  that this is what Fiat is, right?
• 32:46
  Like this is, this isn't news to us.
• 32:47
  But there's a lot of people that don't take a step back and think
• 32:50
  like, what is money? Like what's what's kind of more
• 32:53
  funny? And I don't know, we'll see if
• 32:54
  Elon kind of gets to this point. But like, this is what
• 32:57
  fractional reserve banking is, right?
• 32:59
  Like it's not, not just the government, like it's basically
• 33:03
  banks have the ability to do this too, right?
• 33:05
  And you mentioned the Federal Reserve in the interview.
• 33:07
  I, I can guarantee, you know, maybe we were paying attention
• 33:09
  to that Federal Reserve 60 minutes interview, but most,
• 33:13
  most people probably weren't or weren't thinking about it,
• 33:15
  right? And like just the, the level of
• 33:18
  scrutiny that this is bringing around.
• 33:19
  Like what is money? Like, what am I working for?
• 33:21
  Like these dollars that can just be printed by some, you know,
• 33:25
  I'll call it bureaucrat or, or whatever, or some, you know,
• 33:28
  central banker, like, yeah, it's, it's crazy to see.
• 33:31
  And so I, I love the attention that he's bringing to it because
• 33:34
  it's like something that we've been thinking about for, for
• 33:36
  years, right? And so that's that's what's most
• 33:38
  exciting to me. Yeah, 100 percent, 100%.
• 33:42
  Opti, what's your take on this, bro?
• 33:43
  Like, I mean, I've I said Overton window bro.
• 33:47
  I said Elon. Avoid saying that, but.
• 33:49
  Yeah, right. I said Elon, I said Overton
• 33:51
  Window, I mean. Say it again so people have to
• 33:53
  get drunk. Overton Window.
• 33:56
  Blah. Blah blah blah.
• 33:59
  Yeah, No, look, as a Bitcoiner, as someone that understands the
• 34:02
  how Fiat money works, like this is no surprise to me, though it
• 34:06
  is interesting that he didn't say anything about the Fed in
• 34:09
  that little clip. He said we found 14 money
• 34:11
  printers at all these various government institutions where
• 34:14
  obviously the biggest one, the mother of money printers, comes
• 34:18
  from the Fed, or rather any central bank out there.
• 34:20
  But I think this is kind of, you know, I hate to say it too.
• 34:24
  And he come up moving that Overton window.
• 34:26
  You know, we're starting to station going where hopefully
• 34:30
  people start to realize that, look, the money you are slaving
• 34:34
  away for that money that you basically spend your whole life
• 34:38
  for, you break your back for it is money that can be conjured
• 34:42
  out of thin air. It's literally not backed by
• 34:45
  anything. It's it's printed on paper.
• 34:48
  It has no value besides the fact that you think it has value and
• 34:52
  that people continue to perpetuate that value, whereas
• 34:56
  wait, wait, what's it, what's it mean?
• 34:57
  You always say, Nico, why do I have to work for a money that
• 35:00
  another man can print for free? This is the this is where we are
• 35:04
  right now. But it is very interesting that
• 35:06
  people like Ted Cruz there, He's a politician.
• 35:10
  Maybe it's an act, but he's acting like he doesn't know
• 35:13
  about the money printers. Like, come on, bro.
• 35:15
  So. He has to know, bro.
• 35:17
  He has to know. But maybe he's playing into this
• 35:20
  idea that, like, you know, the majority of people don't
• 35:23
  understand how this works. And therefore, you know, he's
• 35:26
  surprised he's doing the Nikko rhetorical questions in here,
• 35:29
  You know, where he's like, no way.
• 35:31
  Are you serious? Because a lot of people don't
• 35:34
  understand that that's how things work.
• 35:36
  And now we're getting to the point where people are
• 35:38
  understanding how this works. And, you know, love or hate
• 35:41
  Elon, I'm I'm more skeptical of Elon than most on especially
• 35:45
  Nico on the show, But I do like some of these initiatives like
• 35:49
  this doge stuff is definitely getting the conversation going.
• 35:52
  And if the lamestream media, the mainstream corporate press isn't
• 35:56
  going to talk about this stuff, well, shouts out to Elon and the
• 36:00
  government of Doe or Department of Government efficiency.
• 36:03
  Just highlighting all these various different things that we
• 36:06
  know are broking in the system. I think that, you know,
• 36:08
  personally, I think they got to go a little farther, But hey,
• 36:11
  we'll we'll take the small wins here and there.
• 36:13
  So I think this is a good thing. Hopefully more people really
• 36:17
  actually, I hope more people don't just shoot the messenger
• 36:20
  because we're seeing there is a divide right now.
• 36:22
  And they're like, oh, you know, I fundamentally hate Elon
• 36:25
  because of whatever reason. And therefore they don't believe
• 36:28
  anything he says. And it's like, oh, he's bad, you
• 36:30
  know, Elon bad. Therefore what he says is bad.
• 36:33
  And I hope more people actually take the message and don't shoot
• 36:37
  the messenger. It's like, look, we're all
• 36:39
  working for a money that can literally be conjured out of
• 36:42
  thin air. It's printed out of nothing.
• 36:43
  It it's not backed by anything. It's it's just it's not worth
• 36:47
  the paper printed on yet we all slave away for this this paper
• 36:51
  money. You should probably move to a
• 36:53
  better money. You know, Bitcoin is backed by
• 36:56
  electricity, it's backed by energy.
• 36:57
  So there is a cost to creating Bitcoin, and the main fix here
• 37:01
  is moving our system to a hard money standard, like a hard
• 37:04
  money system. We've been off that for at least
• 37:06
  100 years. We're seeing the detriment it's
• 37:09
  doing to our society and whatever we have to do to
• 37:12
  eliminate these, what do you call it, magic, money, computers
• 37:15
  or whatever. Magic money computer.
• 37:17
  He's he's talking about the ASICS bro.
• 37:21
  We can Co-op that meme. We could Co-op that meme.
• 37:24
  But you know, these, these money printers are not not the way.
• 37:28
  And it's wrecking society. And now we are feeling those
• 37:32
  consequences. So, you know, start saving a
• 37:34
  Bitcoin. And start saving a Bitcoin.
• 37:36
  Anyways, I do want to give a shout out to the live stream.
• 37:38
  Almost 2000 of you guys watching live, specifically 1949 of you
• 37:43
  guys watching live. Shout out to the X audience,
• 37:45
  shout out to the YouTube audience.
• 37:46
  YouTube very close to breaking 500 live viewers.
• 37:49
  And of course, shout out to the rumble audience.
• 37:52
  Always hardcore. If you guys are enjoying the
• 37:54
  show so far, smash that like button really, really helps
• 37:58
  pushing this message forward. Anyways, guys, we are about to
• 38:01
  hit the new segment. We're going to be talking about
• 38:04
  Congressman Nicholas. How do you say his last name?
• 38:06
  Opti please. Yeah, I think it's Begich.
• 38:10
  Nicholas Begich, who is a congressman from Arkansas and he
• 38:15
  is an OG Bitcoiner, he actually had a presentation at the
• 38:20
  Bitcoin Policy Summit that was happening in Washington, DC.
• 38:24
  So we're going to kind of do a little bit of a deep dive into
• 38:27
  that. And also River Financial came
• 38:29
  out with a report specifically addressing what changes happened
• 38:34
  after the 2024 election. Seems like everything is heading
• 38:38
  in the right direction, which of course is incredibly bullish for
• 38:41
  Bitcoin anyways. And then of course, during the
• 38:43
  culture segment, we're going to be talking about all things
• 38:46
  Compass Mining with CJCJ is the Chief Revenue Officer.
• 38:50
  So guys, we still have a jam packed for you guys, jam packed
• 38:53
  show for you guys. We will be right back.
• 38:57
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  account with them but also alone.
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  you want. Essentially, what they do is
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• 41:29
  All right, everybody, we are back and we broke 2000 live
• 41:31
  viewers in the process. Anyways, I do want to get to
• 41:35
  this article again. I think we're going to see more
• 41:40
  more and more of this. I think we're going to see more
• 41:43
  bitcoiners getting into office. I mean you can make I know Opti
• 41:46
  disagrees with me on this, but we technically do have the first
• 41:50
  Bitcoin president in the White House freed Ross Albrecht ended
• 41:54
  operation choke .2 point O repealed SAB 121 made a
• 41:59
  strategic Bitcoin reserve, differentiating it from the
• 42:02
  altcoin reserve. I mean, pretty big win in my
• 42:06
  humble opinion. Now obviously, could you imagine
• 42:08
  if we get like a like a someone who was a?
• 42:12
  Bitcoiner before they got into. Politics like it would be it
• 42:18
  would be it would be wild it would be wild and I think we're
• 42:21
  heading in that direction. You know the more Bitcoin
• 42:23
  adoption we see like I think this is this is going to become
• 42:28
  just like the ETF news just like the strategic Bitcoin reserve.
• 42:31
  That was great for me and Opti because we had something to talk
• 42:33
  about for two weeks, but then it became nothing.
• 42:35
  It it became non news because it happened right.
• 42:39
  So anyways, Nicholas Begich, that's so you say it Opti.
• 42:43
  Pretty sure Begich all. Right.
• 42:45
  Well, Nicholas Begich is an OG, an OG Bitcoiner.
• 42:49
  So Congressman Nicholas Nick Begich is a long term Bitcoin
• 42:53
  hodler who believes in America's right to self custody their
• 42:57
  Bitcoin and understands the importance of Bitcoin as a
• 43:00
  strategic reserve asset for the United States.
• 43:02
  Last Tuesday, Nick Begich introduced the Bitcoin Act of
• 43:06
  2025 to the US House of Representatives.
• 43:09
  He made the announcement that he'd be doing that.
• 43:11
  He'd be doing so at the Bitcoin for America Summit.
• 43:16
  The bill, a revised version of a bill that Senator Lummus
• 43:20
  introduced to the Senate last year, stipulates that the United
• 43:23
  States government acquire 1,000,000 Bitcoin for its
• 43:26
  strategic Bitcoin reserve and protects the rights of U.S.
• 43:29
  citizens to self custody their Bitcoin.
• 43:32
  As Representative Biggich spoke about the importance of the bill
• 43:35
  at the summit, I got the impression that he was acting as
• 43:38
  more than just an opportunist, a politician, a politician simply
• 43:42
  striking. While Bitcoin is a hot topic in
• 43:44
  the US government. But as someone who actually has
• 43:47
  a deep understanding of Bitcoin, turns out I was right.
• 43:51
  The congressman has held his own Bitcoin in self custody for over
• 43:56
  12 years now and very much understands the importance of
• 44:00
  U.S. citizens being legally permitted to do the same.
• 44:03
  Furthermore, he believes that in the age of, quote, undisciplined
• 44:07
  bureaucracy and reckless spending, it's important for the
• 44:11
  US government to hold Bitcoin as it will serve as a backdrop to
• 44:15
  our financial system. On a personal level, when did
• 44:18
  you first begin to see the value of Bitcoin?
• 44:20
  In late 2012? This is an interview between
• 44:24
  Frank and the congressman. In late 2012, I was reading an
• 44:28
  article on slash.org regarding Bitcoin and the forthcoming
• 44:32
  having and it piqued my interest.
• 44:34
  I started digging in a little further and decided that I
• 44:37
  wanted to learn more about how this digital asset work.
• 44:41
  So I wired the $100 over to Mount Cox and I bought 7
• 44:45
  Bitcoin. Afterwards I transferred them to
• 44:48
  over at over to a private wallet.
• 44:50
  I wanted to understand how Bitcoin worked because I owned a
• 44:53
  software development company and spent 20 years in technology as
• 44:56
  a career before coming to Congress.
• 44:58
  This was just interesting to me. So you were just fulfilling your
• 45:02
  curiosity? Yes, but also a couple days
• 45:05
  later I called my business partner and told them that I
• 45:08
  thought Bitcoin could become something really big.
• 45:11
  They had never heard of it. I said I'm going to take $5000
• 45:15
  and I'm going to buy Bitcoin. I took that money from our
• 45:17
  software business and bought more Bitcoin out on Mount Gox.
• 45:21
  We ended up with 440 Bitcoin. So when the exchange went under,
• 45:25
  of course, it was a huge disaster because all of that
• 45:28
  Bitcoin was still in the exchange.
• 45:29
  A number of us were creditors found each other and we put a
• 45:33
  group together to hire an attorney in Japan.
• 45:36
  We were one of the creditors that petitioned the court
• 45:38
  successfully. Japan changed the bankruptcy
• 45:40
  type from an obliteration to a civil rehabilitation, which
• 45:45
  allows creditors to receive a portion of their Bitcoin back.
• 45:49
  Anyways, did you get some of it back then Ultimately I sold our
• 45:52
  company's claim to Fortress, but I still hold my own original 7
• 45:56
  Bitcoin. I mean, if that is not a lesson
• 45:59
  in self custody, I don't know what is. 440 Bitcoin is a lot of
• 46:04
  money these days. Anyways, the article continues
• 46:06
  to to have that. You know that back and forth,
• 46:09
  that interview between the two. I'm going to put it in the live
• 46:11
  chat on YouTube and Rumble so you guys can check it out.
• 46:15
  But yeah, I mean, we're definitely heading in the right
• 46:18
  direction, 100%. And if you take a look at this
• 46:22
  report from River Financial on page 42 of the section that says
• 46:29
  the dramatic shift in nation state adoption, there's a whole
• 46:33
  section just breaking down what the Senate and what the House
• 46:36
  look like in terms of pro Bitcoin candidates.
• 46:39
  So after the November 2024 election, the majority of both
• 46:43
  the House and the Senate are now pro Bitcoin based on public
• 46:46
  statements and political activity as defined by advocacy
• 46:49
  group Stand with Crypto. In January 2025, a Senate panel
• 46:54
  on digital assets was established with two focus
• 46:57
  areas. Number one, pass legislation for
• 47:00
  responsible innovation and consumer protection covering
• 47:03
  market structure, stable coins and a strategic Bitcoin reserve
• 47:07
  #2 regulatory oversight to prevent overreach such as
• 47:11
  Operation Choke Point 2.0. And if you actually take a look
• 47:14
  at the change, it was extremely positive.
• 47:16
  The Senate went from 57 pro Bitcoin candidates to 59 and the
• 47:22
  House of Representatives went from 276 pro Bitcoin
• 47:26
  representatives to 289. Now, I don't know how, you know,
• 47:31
  strong those numbers are. I think let's see if the Bitcoin
• 47:35
  Act by Senator Lummis and Congressman Begich actually pick
• 47:40
  up momentum. Let's see what happens.
• 47:43
  I, I'm, I'm, I, I just, I don't know if that many congressmen
• 47:48
  and senators are pro Bitcoin, specifically pro the Bitcoin
• 47:51
  reserve. I, I don't, I, I don't know if
• 47:53
  that's the case. I mean, I, I just remember last
• 47:56
  year, last year was, was pretty crazy in terms of the regulatory
• 48:00
  environment. Anyways, I'm I'm gonna pass it
• 48:01
  on to CJ. CJ works.
• 48:04
  At A at a, at a Bitcoin company essentially, of course, compass
• 48:07
  mining. So I mean definitely heading in
• 48:10
  the right direction. Do you agree?
• 48:12
  Do you disagree? What?
• 48:14
  What do you see from your perspective that perhaps we
• 48:16
  don't see? Yeah. 100% agree.
• 48:19
  You know, one of the things that I've loved to see is just the
• 48:21
  pace you mentioned, you know what we're seeing in Congress,
• 48:24
  but that's just kind of one piece at that kind of the
• 48:27
  federal level. I think you've seen something
• 48:29
  like 20 states start to introduce a Bitcoin reserve,
• 48:34
  Bitcoin strategic reserve legislation just for their
• 48:36
  states, right? So like there's clearly a lot an
• 48:39
  undercurrent and a growing like, you know, just quickening pace
• 48:42
  of of, you know, legislatures and politicians like realizing
• 48:48
  that there's a really core demographic of people that care
• 48:51
  about Bitcoin and and like this is in some cases vital to their,
• 48:55
  you know, survive or maybe not survival and or thrive thriving
• 48:59
  as a state and attracting new talent, attracting new people
• 49:03
  moving to the state. And so like you're starting to
• 49:05
  see a lot of it. Obviously Texas, it was a was a
• 49:08
  big one where they're probably the furthest along.
• 49:10
  You know, there's definitely a few others, Utah and others
• 49:13
  where, you know, we could see something in the next three to
• 49:16
  six months on state level as well.
• 49:18
  So yeah, I'd love to see the pace.
• 49:20
  It's just picked up so quickly post election.
• 49:23
  And I think it's because people saw just how much, you know,
• 49:28
  call it, you know, Trump and, and his administration
• 49:31
  recognizing an opportunity, but you know, that that was a really
• 49:35
  core voting demographic for, for getting, you know, the Trump
• 49:38
  administration elected, I think. And, and, you know, I don't
• 49:41
  think people really appreciated that certainly on the other side
• 49:44
  of the aisle. And so like, I, I, it's really
• 49:47
  exciting just to see the, the pace, you know, I think a lot of
• 49:49
  people have been maybe underwhelmed that, you know, the
• 49:52
  strategic reserve. We haven't seen any new
• 49:54
  purchases yet. I think that's coming, although
• 49:57
  I know that's maybe you know, there's some, you know, not
• 50:00
  everybody believes they're going to end up buying decline.
• 50:02
  I do. I actually do think they will at
• 50:04
  the federal level, but that then obviously you see it all at the
• 50:07
  state level. Like, you know, I'm really
• 50:08
  excited at the pace we're only in March or like it's not even
• 50:11
  been 60 days since since the administration's been sworn in.
• 50:15
  You know, I, I think you're going to continue to see just
• 50:17
  all sorts of positive momentum on, on the regulatory side. 100%
• 50:21
  I, I 100% agree with that. Opti, what is your take on this,
• 50:25
  my friend? I know we've been covering this.
• 50:27
  We went from a non political show whatsoever.
• 50:30
  I think, I don't think we covered politics at all 10
• 50:33
  months ago to essentially being forced to throw our hat in the
• 50:37
  ring, you know, cover the election, cover the latest
• 50:41
  breaking news. And now we're now we're covering
• 50:44
  the news coming out of the White House.
• 50:45
  Now we're covering news coming out of senators.
• 50:47
  I mean, we interviewed a senator in DC, a couple, you know, what
• 50:52
  was it like a month or two ago with Senator Lummus?
• 50:54
  That was an incredible interview.
• 50:55
  So I mean, like, this is crazy. Like Bitcoin is entering into
• 50:59
  the mainstream political discourse, which we predicted,
• 51:02
  by the way, but we didn't think it was, it was going to come
• 51:05
  until 2028. But things are just happening on
• 51:08
  a much, much quicker time timeline.
• 51:11
  So Opti, what's your take on this, my friend?
• 51:13
  I mean, are things heading in the right direction?
• 51:16
  Are you not 100% happy with what's going on, Opti?
• 51:20
  Yeah, well, when I heard this article this morning, I was just
• 51:23
  like, cap, like this is cap, this is not real.
• 51:29
  But then reading the article, act like, you know, just hearing
• 51:32
  the headline, I'm like, this is this is this isn't real.
• 51:35
  But then you kind of read the article and it does sound like
• 51:37
  he's an OG Bitcoiner, which is very interesting.
• 51:40
  Also, you know, really good opsec until now, just fully
• 51:43
  exposing his bags like in a Bitcoin magazine article.
• 51:47
  They probably should have cut that out, you know, in full
• 51:50
  full, in full context here. But I think I mean, it's like,
• 51:55
  look, as much as bit corners hate politics, I think it is
• 51:59
  better to have bit corners be involved in politics.
• 52:02
  Obviously that's not going to be me because I'm not politically
• 52:05
  savvy that I do not want that life.
• 52:08
  But I think if some bit corners do have that inclination to be a
• 52:12
  part of politics, I think we should infiltrate politics.
• 52:15
  Now, I know there is a lot of pushback on that idea that, hey,
• 52:18
  you know, you can't fix the, the system from within.
• 52:21
  It's just, it's a better to just build an ulterior system, which
• 52:24
  is obviously what a lot of Bitcoiners are doing.
• 52:26
  But you know, the reality of the situation is, is that politics
• 52:30
  still control our lives and they do have a lot of effect on every
• 52:34
  part of society. And it's, I think it is
• 52:38
  important for for Bitcoiners to be involved and, and participate
• 52:42
  in the process. Now, again, it's not going to be
• 52:44
  me because I'm just a talking head on YouTube.
• 52:46
  But if you are more politically savvy and you think you can
• 52:48
  actually make, make an entrance into the space, I think it might
• 52:52
  be a good thing. As well as building circular
• 52:54
  economies and parallel economies and parallel communities.
• 52:58
  I think it's it would do it, it won't do more harm than we
• 53:01
  already are right now. And as you can see with Nick
• 53:04
  Begich, with Senator Lummis, with a lot of the other Bitcoin
• 53:08
  at RFK Junior, you know, maybe he's kind of been relegated to
• 53:11
  not doing so much recently. But as you can see, these high
• 53:15
  profile people talking about Bitcoin are actually moving the
• 53:18
  needle forward. And I think this is where we
• 53:20
  need to be, where you start to show that the people that hold
• 53:23
  Bitcoin, yeah, the people that hold Bitcoin aren't just random,
• 53:27
  you know, shadowy be super coders, drug dealers, criminals
• 53:31
  on the Internet. It's like they're everyday
• 53:33
  people. Everyday people need to protect
• 53:35
  their savings. Everyday people need to move
• 53:38
  away from the dollar because this is the main problem in the
• 53:41
  world right now. And so if we have high profile
• 53:43
  people that are Bitcoiners that are coming out as Bitcoiners, I
• 53:46
  think this is a great thing for the whole movement moving
• 53:48
  forward, or rather for the network, the Bitcoin network at
• 53:51
  large, because it starts to show that, hey, you know, like if Bob
• 53:54
  down the street to Bitcoin, and I've known Bob for 20 years and
• 53:58
  he's, you know, living a better life because he's holding
• 54:01
  Bitcoin and he talked about Bitcoin, then it starts to
• 54:05
  become just a normal thing in society instead of people having
• 54:08
  these bad views on Bitcoin and just eating up all this
• 54:11
  floodline. So look, you know, more power to
• 54:13
  Nick Begich. I know I was a little a little
• 54:15
  suspect full. And when I first heard this, I'm
• 54:19
  like, there's no way, dude. Like that's cap.
• 54:21
  He's a 2012 Bitcoiner. And we're just hearing about
• 54:23
  this now, like interesting, interesting development.
• 54:27
  But you know, hearing, hearing the breakdown, I'm sure someone
• 54:30
  could kind of, you know, follow the paper trail and, and, you
• 54:34
  know, Fact Check this. So, so we're not being lied to
• 54:37
  here, but on the surface level, I do like this development.
• 54:41
  Again, I think Bitcoiners being involved in politics and and
• 54:46
  Bitcoiners basically, you know, overriding the Fiat system with
• 54:50
  just sheer creativity and willpower like that will make a
• 54:54
  better world. Again, I am not so bullish on
• 54:58
  the system, you know, working or rather it's working as designed,
• 55:02
  which means it's unfixable and we just got to build a better
• 55:05
  system. But hey, I think I think us
• 55:08
  tapping into the system and and doing as much as we can is will
• 55:11
  obviously benefit society. So I'm all for bitcoiners taking
• 55:15
  over the world. Amen to that.
• 55:20
  All right, everybody, we'll smash the like button.
• 55:21
  We broke 500 live viewers while Opti was talking on YouTube.
• 55:25
  And of course, shout out to the Rumble audience, almost 100
• 55:27
  there. And of course, shout out to the
• 55:29
  X audience, almost 2000 of you guys watching live there.
• 55:32
  If you guys again, if you guys are enjoying the show, smash
• 55:35
  that. Like button really, really helps
• 55:36
  with the algos. We're about to hit the culture
• 55:39
  segment with our guest today, CJ Burnett.
• 55:42
  He is the Chief Revenue New Officer of Compass Mining and
• 55:45
  we're going to talk about all things Compass.
• 55:48
  So we will be right back in just a second.
• 55:51
  I want to give a shout out to our partner Hive Digital
• 55:55
  Technologies. As the first ever public miner,
• 55:58
  Hive's position to quadruple their global footprint in 2025,
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  and as the first with an AI strategy, Hive continues to make
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  moves in sustainable, high performance computing.
• 56:13
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  hash, and now they're headquartered in the USA.
• 56:21
  They're lean and mean, they're green and clean, and they're
• 56:24
  changing the game. You can catch the latest buzz by
• 56:27
  following them at Hive Digital Tech or check out their website
• 56:31
  at Hive digitaltech.com. I want to give a shout out to
• 56:45
  our partner, Coin Kite. If you take your Bitcoin
• 56:49
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  way with the Cold Card queue and the MK4.
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  Head over to coldcard.com today and use promo code simply to get
• 57:47
  5% off anything on the store. All right, everybody, we are
• 57:54
  back. We're going to be talking about
• 57:55
  all things Compass mining. Opti's pulled up the screen.
• 57:59
  Now everyone can mine Bitcoin with Compass.
• 58:03
  CJ, thanks. Thank you so much for joining
• 58:05
  us. I'm going to hand it off to
• 58:06
  Opti. Opti, it's all yours.
• 58:08
  Yeah, let's just start with, you know, the basic what is compass
• 58:12
  mining, what is your core product and what is your core
• 58:15
  ethos? And then we'll kind of go into
• 58:17
  some some questions, general questions about the mining space
• 58:20
  and and where, where we might be by the end of the year.
• 58:22
  So CJ Floor is yours. Yeah, absolutely.
• 58:25
  Appreciate it, guys. So Compass was founded on the
• 58:28
  mission of making it so that anybody can mine Bitcoin.
• 58:31
  So back in the early days of, of Bitcoin mining, right, it was,
• 58:35
  you know, you could basically mine on your laptop, right?
• 58:38
  It was, it was really easy. Anybody could do it and you
• 58:41
  didn't have to have like special hardware, special miners, things
• 58:44
  like that. That with the industrialization
• 58:48
  of of Bitcoin mining, obviously we have like a lot of large
• 58:51
  public companies doing it, you know, as their core business
• 58:54
  model, it has become less and less accessible to retail or
• 58:59
  people that just want to participate in the ecosystem or,
• 59:03
  or even maybe they want to run a small business as in mining as a
• 59:07
  part of that. And so that was really how
• 59:09
  Compass was founded. Really it's like how do we hand
• 59:11
  that those keys back to retail miners, right.
• 59:15
  So, you know, compass has a really heavy focus on education,
• 59:19
  like we, we really want people to participate in, in the, the
• 59:22
  Bitcoin network to learn about Bitcoin, learn about mining and,
• 59:26
  and just see kind of how that works with their Bitcoin
• 59:29
  journey. Our core, you know, aligned with
• 59:33
  that, with that mission, our core product is a buy in host
• 59:37
  service. So we, we pioneered the buy in
• 59:39
  host model, which basically means you can buy a Bitcoin
• 59:42
  miner through compass or, you know, it's very easy.
• 59:44
  You can go on our website and check out in a few minutes and
• 59:47
  you know, buy your first miner and have it hashing within a few
• 59:50
  days. And so that's, that's a really
• 59:53
  like easy, kind of a turnkey solution where somebody, if you
• 59:56
  want to mine Bitcoin, we make it really, really easy, accessible
• 1:00:00
  and frictionless. As I mentioned, you know, we're
• 1:00:04
  really big on education like and Nico mentioned it earlier in the
• 1:00:07
  in the stream, like, you know, there's there's a lot of ways to
• 1:00:11
  learn. So our our kind of our core
• 1:00:13
  product is one way to do that. Of course, we we also want to
• 1:00:16
  support people that that want to just get their hands on a
• 1:00:19
  machine, right. So you know, if you go to our
• 1:00:21
  website, you'll see there's a few minors that are available
• 1:00:23
  for for at home mining, right. So if you just want to buy like
• 1:00:26
  an old generation machine, I don't think we have any S nines
• 1:00:28
  on on there at the moment, but certainly S nineteens or T
• 1:00:31
  nineteens or or some of those machines you can go on.
• 1:00:34
  If you just want that shipped to your house and you just want to
• 1:00:36
  tinker with it, you want to test it, you want to learn a little
• 1:00:39
  bit more hands on how the mining process works, why a lot of
• 1:00:43
  customers opt for a hosting solution, right?
• 1:00:45
  It generates a lot of noise, it generates a lot of heat and a
• 1:00:49
  lot of times you have to have purpose built the electrical
• 1:00:52
  infrastructure as well. So so anyway, that's that's kind
• 1:00:54
  of our core product. We do have some more, what I'll
• 1:00:57
  say call it institutional services as well.
• 1:01:00
  So for example, you know, we, there's a lot of our customers
• 1:01:03
  that, you know, once you have several thousand machines,
• 1:01:06
  you're, you're starting to think a little bit more proactively
• 1:01:10
  about your energy strategy, your control over your operations.
• 1:01:14
  And so we do partner with some of our larger customers as well
• 1:01:17
  to help them think about how do we go from a hosted solution to
• 1:01:21
  a vertically integrated solution where they owned the meter, the
• 1:01:24
  power meter, where they own the maybe the electrical
• 1:01:27
  infrastructure as well as the container infrastructure,
• 1:01:29
  building infrastructure, even the land.
• 1:01:31
  So, so we kind of offer the full suite.
• 1:01:34
  Obviously there's a lot that goes into to running Bitcoin
• 1:01:37
  machines or Bitcoin miners, right?
• 1:01:39
  So, you know, these machines are basically built in the most cost
• 1:01:44
  effective or read cheapest way possible, right?
• 1:01:47
  So they break. So we, you know, do things like
• 1:01:50
  repair those machines a logistics.
• 1:01:52
  Obviously most of this is manufactured overseas in China
• 1:01:56
  or the OR Asia. And so, you know, arranging
• 1:01:59
  delivery of those machines, things like that as well.
• 1:02:02
  Got it. OK, Nico, you're muted.
• 1:02:06
  I think the question on everyone's mind, you know, one
• 1:02:09
  is what's going on with the price and two, if they're trying
• 1:02:11
  to get into mining, is is this a good time to get into mining?
• 1:02:14
  So what's your general take on the mining landscape right now?
• 1:02:18
  Yeah, absolutely. So fully transparent, you know,
• 1:02:21
  mining, mining economics are are relatively depressed or they're
• 1:02:24
  not at all time lows. And typically the way that we
• 1:02:27
  measure that is a, a term that Luxor has coined that's hash
• 1:02:30
  price, which is basically how much revenue per per unit of per
• 1:02:35
  Tera hash does your, does your miner or does mining produce.
• 1:02:40
  So right now a hash price is not at all time lows, but it's
• 1:02:44
  relatively near all time lows. We, we saw the low back in, I
• 1:02:49
  think it was either Q2 of last year or Q3 early Q3 of last year
• 1:02:53
  before you started to see the price run up, the Bitcoin price
• 1:02:56
  run up into the election. How I think about, you know,
• 1:03:00
  when I'm talking with customers about, you know, mining, mining
• 1:03:03
  economics and mining profitability, you know, you
• 1:03:06
  obviously can never with Bitcoin, there are no
• 1:03:08
  guarantees, right? And that's kind of the, the
• 1:03:10
  excitement, but also, you know, as you're thinking about running
• 1:03:13
  a business or, or just getting into mining, you, you kind of
• 1:03:17
  have to define what your purpose is.
• 1:03:19
  Like a a lot of our customers, you know, there are some, and I
• 1:03:23
  would say these are more on the larger scale.
• 1:03:25
  You know, when you have 10 or 50 or 100 miners, you're really
• 1:03:29
  thinking about it as like, I'm running a business, I want to
• 1:03:31
  generate a profit. And typically a lot of times
• 1:03:34
  they're actually thinking of it as a Fiat profit as opposed to
• 1:03:36
  just a Bitcoin profit in in for those customers.
• 1:03:40
  It, it really is, you know, either thinking in terms of ROI
• 1:03:43
  for, for smaller customers, a, a lot of those customers don't
• 1:03:47
  necessarily care about profitability.
• 1:03:49
  It, a lot of them view it as almost like a, I'll call it like
• 1:03:53
  a forced Bitcoin savings program, right?
• 1:03:56
  Or a forced DCAA. Lot of people I kind of steal
• 1:03:59
  like from the mortgage, you know, when you're buying a house
• 1:04:02
  and you have a mortgage, like from that lingo, like a lot of
• 1:04:04
  people view a mortgage as kind of like a forced savings
• 1:04:06
  program. I, I view this as a better form
• 1:04:09
  of that, right? It's a force Bitcoin savings
• 1:04:11
  program where, where every month you have, you're paying, you
• 1:04:13
  know, X amount of Fiat dollars and converting that into
• 1:04:16
  Bitcoin, right? The, the premium or discount to
• 1:04:20
  spot price that you do that at kind of depends on what machine
• 1:04:23
  you choose. You know, what the current
• 1:04:25
  economics are, things like that. As far as like answering the
• 1:04:29
  question of is now the right time?
• 1:04:31
  That's, that's always, you know, the hard thing to predict.
• 1:04:35
  One of the one of the things that I like to kind of, you
• 1:04:39
  know, talk about with customers is just this idea of if you look
• 1:04:43
  at if you, you know, obviously in the last 16 years, we've seen
• 1:04:48
  a very clear cyclical view of both Bitcoin price and also
• 1:04:54
  mining economics. And if you, and if you view that
• 1:04:57
  that's going to continue, which I, I know a lot of us do, it's
• 1:05:01
  very clear from looking at those charts that there's, you know,
• 1:05:05
  we think of four year having cycles in Bitcoin mining.
• 1:05:08
  There's not one like buying machine and holding it for four
• 1:05:13
  years actually isn't really the best way to optimize your
• 1:05:17
  profitability if that's your concern or optimize your, your
• 1:05:20
  BTC returns. Really the Bitcoin mining is
• 1:05:24
  tends to coalesce, the profitability tends to coalesce
• 1:05:29
  around 12 to 18 month period of a, of a 48 month period cycle,
• 1:05:34
  right. So that's kind of the main thing
• 1:05:37
  to be thinking about is do you, are you ultimately bullish on
• 1:05:40
  the next 12 to 18 months? Because if that is the case,
• 1:05:44
  then I, I do think it's really important to be make sure you
• 1:05:49
  have hash rate online, have machines online in advance of
• 1:05:52
  that. Because the thing that becomes
• 1:05:54
  really difficult and, and I'll call it like a roaring bull
• 1:05:57
  market and we know that can happen really quickly is all
• 1:05:59
  sorts of things become really scarce.
• 1:06:02
  The machines themselves become really scarce.
• 1:06:04
  Like these public miners will go out and buy up all the machines
• 1:06:08
  612 months out on these, you know, production runs that the
• 1:06:11
  manufacturers will do. But then also like what happens
• 1:06:15
  is Rackspace becomes scarce, right?
• 1:06:18
  And so maybe you can buy a machine, but maybe you can't
• 1:06:20
  find a place to plug it in, right?
• 1:06:22
  So that's, that's kind of, you know, one of the things to be
• 1:06:25
  thinking about is making sure you're online in advance of
• 1:06:27
  that. And so that's why I think now is
• 1:06:29
  honestly a really compelling time if you're just looking at
• 1:06:32
  like a, you know what ROI today profitability, like that's the
• 1:06:37
  metric that you use, it's going to look frankly pretty bad,
• 1:06:39
  right, just in transparency. But if you look at, we talked
• 1:06:44
  about Nico mentioned earlier, this levered long perspective of
• 1:06:48
  when you, when you have a machine that's online and hash
• 1:06:51
  price double S or triples, the typically the underlying value
• 1:06:56
  of the machine that you have running will typically do that
• 1:07:00
  or more, right? So it'll typically 2X4X6X in
• 1:07:04
  value. So, so it's, it's one of these
• 1:07:06
  kind of this, you know, really making a, a kind of a bet on
• 1:07:10
  the, the short term profitability of that in, you
• 1:07:13
  know, Compass, we, we've tried to really build out tools to
• 1:07:16
  make it really easy to manage your mining operations.
• 1:07:18
  So for example, you know, I'll wrap it up with this.
• 1:07:23
  I know a lot of words here. You know, for example, we have
• 1:07:26
  our marketplace feature, which is, you know, if you, you know,
• 1:07:30
  a lot of times you're, if you partner with another host to to
• 1:07:33
  host your machine, you know, you, you might buy a machine,
• 1:07:37
  but it could be really hard to sell that machine, right?
• 1:07:40
  Whereas with Compass, we have this third party marketplace
• 1:07:43
  where if you want to sell your machine after three months, you
• 1:07:46
  maybe you just want to try it, try it and see how it goes.
• 1:07:49
  If you want to sell it after 30 days, you're welcome to do that.
• 1:07:52
  If you want to sell it after three months, six months, maybe
• 1:07:54
  maybe you have the this really this short term thesis around,
• 1:07:57
  hey, the next 6 to 12 months of mining are going to be really
• 1:08:00
  hyper profitable. But I want, you know, at the end
• 1:08:03
  of that I want to be able to sell my machine and capture
• 1:08:05
  those, those short term returns. That's where the marketplace is
• 1:08:08
  really a powerful feature that we offer and customers can
• 1:08:12
  leverage that to be a little bit more dynamic in their mining,
• 1:08:15
  mining operation. Absolutely.
• 1:08:18
  And Opti, do you want to say something?
• 1:08:20
  Yeah, I was just going to say, I mean, you said it.
• 1:08:23
  If you're bullish on Bitcoin the next 6 to 12 months, then maybe
• 1:08:27
  today's a good time to mine Bitcoin.
• 1:08:29
  So, you know, some criticism on here, maybe the opposite.
• 1:08:33
  If you're bullish on Bitcoin, why don't you just buy Bitcoin
• 1:08:36
  instead of? Mining Bitcoin What would be
• 1:08:38
  the? Opposite like, what would be
• 1:08:39
  your take on that? Yeah, that's a very, very common
• 1:08:42
  question that we get and and I think it's comes back to that
• 1:08:45
  kind of that first thing that I mentioned was what's your
• 1:08:47
  purpose? So a lot of the customers that
• 1:08:50
  we that engage with Compass are, are thinking of it a little bit
• 1:08:54
  more from a business perspective, right?
• 1:08:57
  And they're trying to optimize for a few different things,
• 1:09:00
  right. One of the things that's unique
• 1:09:03
  to buying a Bitcoin miner that's that's doesn't apply to Bitcoin
• 1:09:08
  at the underlying asset is that there's some significant tax
• 1:09:12
  benefits, specifically if you're in the US side.
• 1:09:15
  That's the one that I'm the most, the most qualified to
• 1:09:17
  speak to. But for example, so you can,
• 1:09:20
  there's this concept of accelerated depreciation, right?
• 1:09:23
  Which right now or I think right now is maybe 40%.
• 1:09:26
  But I know in the last, I think in the State of the Union, Trump
• 1:09:29
  mentioned that he's going to bring back the 100% accelerated
• 1:09:32
  depreciation. So if you have like a large tax
• 1:09:35
  liability that you're trying to drive down, you can buy Bitcoin
• 1:09:38
  miners and that's an effective way to do that.
• 1:09:40
  So we have a lot of people that view it from that perspective.
• 1:09:43
  But setting that aside, there's a lot of, I'll call it business
• 1:09:45
  owners or or I'll call it entrepreneurially minded people
• 1:09:49
  that think in terms of cash flow, right?
• 1:09:52
  And as opposed to speculation, right?
• 1:09:55
  And so when you're buying Bitcoin, obviously we're all
• 1:09:57
  Bitcoin bulls here, right? Like I said that before, like
• 1:10:00
  you don't, you don't really get into mining unless you're a
• 1:10:02
  Bitcoin bowl. But if you're thinking the
• 1:10:04
  benefit of mining is you're generating revenue and profit on
• 1:10:09
  a monthly basis versus with and depending on the machine that
• 1:10:14
  you buy, also accumulating Bitcoin at a discount to the
• 1:10:18
  spot rate. Whereas with Bitcoin, like what
• 1:10:22
  if you buy Bitcoin today, right? That is the amount of Bitcoin
• 1:10:25
  that you have, right? And so that's really the
• 1:10:27
  calculus is what's, what is my return profile that I'm looking
• 1:10:32
  for? Am I looking for cash flow or
• 1:10:34
  SAT's flow as I like to say or am I looking for just
• 1:10:37
  accumulating that specific amount and trying to front run
• 1:10:40
  that as much as possible. But it's really comes back to
• 1:10:43
  that leverage thing, leverage point that we talked about
• 1:10:46
  earlier as well. Whereas if you buy a miner, and
• 1:10:51
  yeah, I'm just going to use round numbers because it's
• 1:10:52
  easier say it's $1000 today for, for a miner, right?
• 1:10:58
  You could easily see when you have this, this, the reflexivity
• 1:11:02
  of, of Bitcoin price goes up 3X in a short period of time.
• 1:11:07
  What you'll also see is your miner is very likely, assuming
• 1:11:11
  mining economics mirror that same change your, your miner
• 1:11:16
  probably goes up three to 5X. So a little bit more.
• 1:11:20
  You also obviously have all of the Bitcoin that you generated
• 1:11:23
  via revenue during that time as well.
• 1:11:27
  So typically, especially if you are have that and this is where
• 1:11:32
  the timing aspect comes into it. You like if you have a really
• 1:11:35
  bullish thesis over the next short period of time, like you
• 1:11:38
  can definitely generate more Bitcoin over a short period of
• 1:11:41
  time via mining in a in a bull market then you would otherwise
• 1:11:44
  just buying spot. Got it.
• 1:11:47
  Got it. OK. 100% especially, yeah, yeah,
• 1:11:50
  like especially, you know, I think it it the the levered long
• 1:11:55
  analogy is like such a great analogy here, right?
• 1:11:57
  Like, like, you know, one of the most, one of the most painful
• 1:12:01
  times to mine is when nothing is happening.
• 1:12:04
  But the last thing that you want to do, and I can tell you this
• 1:12:07
  from experience, is that when the bull market starts ripping
• 1:12:11
  like, and the the profitability is so high, you actually want to
• 1:12:14
  be positioned before that like, it's like a surfer catching a
• 1:12:18
  wave, right. So like that's essentially,
• 1:12:22
  yeah, I mean, and you know what, it's not only the mining
• 1:12:24
  industry that works like this. The entire industry works like
• 1:12:26
  this 'cause I have insights into a lot of this.
• 1:12:28
  So like whether it's exchange volume, same thing, whether it's
• 1:12:33
  media, same thing. Main opti live for like 10 days
• 1:12:36
  out of the year 'cause that's where, you know, all the
• 1:12:39
  attention, all the things come to the Bitcoin.
• 1:12:41
  But when things are chopping and things are relatively boring and
• 1:12:44
  Bitcoin, that is the the moment of the greatest opportunity.
• 1:12:48
  But that's when things are boring and but that happens to
• 1:12:53
  be the moments of of the biggest opportunity.
• 1:12:56
  And then when things are bad, like, you know, for me it was
• 1:13:00
  the two bear markets that I've experienced was 3500 and then
• 1:13:05
  16,000, right? Looking back in hindsight, those
• 1:13:08
  were the literally the best times to plug in the machines or
• 1:13:11
  to start buying Bitcoin, right? In fact, if you plugged in Nasik
• 1:13:15
  at the bottom right, like you made a killing you, you actually
• 1:13:19
  made more money than if you would have bought Bitcoin,
• 1:13:21
  right? So yeah, it, it, it just, and
• 1:13:25
  someone's asking in the chat any simply Bitcoin discounts at
• 1:13:27
  Compass. We'll we'll talk about that.
• 1:13:30
  But yeah, super honored to have CJ on the show today.
• 1:13:34
  Big fans of you know, these guys.
• 1:13:36
  We've had them on the show many, many times.
• 1:13:39
  Go to compass mining dot IO if you guys have any questions.
• 1:13:42
  They have all they have education over there.
• 1:13:45
  They have you know those these guys will take care of you.
• 1:13:47
  So head over to compass mining dot IOI want to thank CJ for
• 1:13:51
  joining us on the show today. Again, the chief revenue officer
• 1:13:54
  over there at Compass and of course, my Co host in the house,
• 1:13:58
  Optimus Fields. The guys love you all.
• 1:14:00
  This was March 18th, 2025. This was simply Bitcoin live.
• 1:14:03
  Smash the like button. Consider subscribing and we'll
• 1:14:06
  see you tomorrow for a brand new episode.
• 1:14:08
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• 1:14:11
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• 1:14:14
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