Latest / Simply Bitcoin / NEW EVIDENCE: INSIDER Just STOLE from the Strategic Bitcoin Reserve?! | EP 1426

Transcript

NEW EVIDENCE: INSIDER Just STOLE from the Strategic Bitcoin Reserve?! | EP 1426 · Simply Bitcoin

• 0:00
  Shocking allegations revealing that AUS government insider just
• 0:04
  stole millions of dollars from the strategic Bitcoin reserve.
• 0:07
  Absolutely crazy story. We're gonna cover this in a
• 0:10
  moment, but it's also interesting that over the same
• 0:13
  weekend, we got some new comments from Scotty Besson
• 0:16
  regarding gold and Bitcoin. And I think combining them in
• 0:20
  the conversation on the stage that he did, I think there's a
• 0:23
  signal here. So let's play the clip.
• 0:25
  We will chat about it and we'll be right back.
• 0:28
  So like. It was unclear whether we were
• 0:32
  going to exempt gold from tariffs, which I believe we
• 0:37
  have. So there was a big move out of
• 0:39
  vaults in Switzerland, out of vaults in London.
• 0:42
  To get it into New York and look that there, there are a lot of
• 0:48
  different stores of value over time, Bitcoins becoming a store
• 0:53
  of value. Gold is historically then a
• 0:56
  store of value. You know, I think what's
• 1:00
  interesting is where do we see the gold demand?
• 1:02
  Coming from a huge amount is from China where they as I said,
• 1:07
  they're in the middle of an economic recession slash
• 1:10
  depression. People don't trust the Chinese
• 1:13
  currency because they have capital controls.
• 1:16
  There are 1.1 point. 4 billion Chinese who won't want to get
• 1:22
  their money out and they won't let them.
• 1:24
  They will let them buy gold. OK.
• 1:29
  So on the surface, obviously I will, I will kind of maybe mine
• 1:33
  read a little bit on this clip here, but obviously surface
• 1:37
  level, just the basic conversation of Scotty Bessett.
• 1:41
  What's it, Secretary Treasury, Scotty B, Big B, you know,
• 1:47
  pause. You know, that's the fact this
• 1:50
  man in the position that he's in talking about gold as a store of
• 1:54
  value, historical store of value.
• 1:55
  And if you're watching it over the weekend, it finally broke
• 1:58
  $5000 per oz. I think it's at like 5100 right
• 2:01
  now. Also, silver still running
• 2:03
  anyways, connecting Bitcoin with gold as a store of value,
• 2:08
  essentially saying that Bitcoin is becoming a store of value.
• 2:11
  As we've been talking about. This conversation is evolving.
• 2:15
  Everyone is kind of waking up to this idea of Bitcoin as a store
• 2:18
  of value. Remember, it's only 17 years
• 2:20
  old. I know a lot of people out there
• 2:22
  are wondering right now, it's like, look, gold and silver are
• 2:25
  running. When is it Bitcoin's term or is
• 2:27
  did Bitcoin fail as a risk off asset here?
• 2:30
  I know these conversations are going on right now, but I, I
• 2:34
  don't, I just think it's, it's still a little early.
• 2:36
  People are so comfortable with gold and silver that they're
• 2:39
  first going to move into those and then eventually go down the
• 2:43
  risk asset curve and go into Bitcoin.
• 2:45
  Now, I think the deeper, like I said, mind reading conversation
• 2:49
  here is when he's talking about onshoring gold from London,
• 2:54
  obviously also talking about China adding to the gold
• 2:57
  reserves. What we are seeing right now is
• 3:00
  literally the beginning, in my opinion, of no confidence in
• 3:03
  Fiat. The dollar's probably going to
• 3:05
  be around for a while, but I think Fiat right now is having
• 3:08
  its moment that bitcoiners have been talking about for a long
• 3:10
  time, that you need to go into a hard asset.
• 3:13
  It is a hard asset money, hard money game right now.
• 3:17
  And I think the fact that we're seeing the central banks acquire
• 3:21
  more gold than U.S. Treasuries for the first time in
• 3:23
  a long time with this recent gold rise, you're seeing that
• 3:28
  the value of gold currently held by central banks is it's going
• 3:32
  parabolic in comparison to the amount of Treasuries that
• 3:35
  they're holding. And that doesn't even account
• 3:38
  for what we're seeing potentially seeing on the
• 3:40
  horizon with Japan. It looks like they might have a
• 3:43
  Japan intervention on the yen, which as you guys know, the yen
• 3:48
  carry trade is unwinding right now, which Japan holds about $1
• 3:52
  trillion in U.S. Treasury.
• 3:53
  So if they're trying to onshore their capital markets, it seems
• 3:57
  like they are probably going to sell Treasuries, which means we
• 4:00
  are in the midst of, I don't want to say the collapse of Fiat
• 4:04
  currencies, but we are in a moment right now.
• 4:08
  We're trusting the institutions are at all time lows.
• 4:11
  You're seeing this with the bid on gold, with the bid on silver.
• 4:15
  I think soon enough we will see the run up on Bitcoin as well.
• 4:19
  And that's my initial take here. So Nika, let's talk about this
• 4:22
  here, the Scotty Besson clip and then I'm going to get into the
• 4:27
  crazy story about the strategic Bitcoin reserve right now.
• 4:30
  But again, connecting these, all these stories happening right
• 4:33
  now around the strategic Bitcoin Reserve, obviously, Scott Besson
• 4:37
  didn't say anything in particular about adding more
• 4:39
  Bitcoin to the strategic Bitcoin reserve in this clip.
• 4:42
  But as you can tell, they are laying the groundwork for this
• 4:46
  idea that Bitcoin is a store of value.
• 4:49
  Yes, it hasn't had its parabolic moment yet, but I think it's
• 4:53
  only a matter of time. Anyways, Nico, what's your
• 4:56
  thoughts on? Scotty fan, Big B Scotty B in
• 5:02
  the paint, bro, in the paint. Opti's a huge fan of Scotty B.
• 5:08
  He's a huge fan. Huge fan, dude.
• 5:12
  I mean, listen, like what's going on with gold and what's
• 5:16
  going on with silver is a vote of no confidence against Fiat
• 5:22
  currencies. Like, I mean, these assets,
• 5:25
  these commodities, whatever you want to call it, literally went
• 5:31
  sideways for like 20 years, right?
• 5:34
  And all of a sudden, you know, when things start getting
• 5:37
  shooken up a little bit. And I do want to ask you about
• 5:41
  that awesome episode that you had with Tom Luongo.
• 5:44
  I'm sure he talked a lot about this.
• 5:45
  And by the way, we got a special guest for you guys tomorrow.
• 5:48
  You guys are going to want to tune into tomorrow's episode.
• 5:50
  You've. Been asking for it we'll.
• 5:52
  Just say we'll say that been asking for it.
• 5:54
  So we got him to come on the show.
• 5:56
  We're very thankful for that. But so the point I'm trying to
• 6:01
  make is this is a vote of no confidence on Fiat currencies.
• 6:07
  By the central bankers themselves.
• 6:09
  And they're basically hedging and Bitcoin, gold and silver is
• 6:15
  going parabolic because of that. I mean, I was taking a look at
• 6:19
  like the charts of silver before we went on air.
• 6:21
  And we're, we're going to talk a little bit more about that
• 6:24
  during the news segment. We got a special guest coming on
• 6:26
  today's show. We got Walker America joining us
• 6:29
  a little bit later in about 30 minutes or so.
• 6:33
  But yeah, man, I mean, that's what I'm seeing, dude.
• 6:36
  That's what I'm seeing. That's what I'm seeing.
• 6:38
  And I know that Tom Longo has this whole theory, has this
• 6:41
  whole thesis that all of this is on purpose to get power away
• 6:46
  from the City of London because the City of London is
• 6:49
  essentially like the epicenter, the capital of global finance.
• 6:54
  And the Trump administration really has this goal of getting
• 6:58
  that power back into the United States.
• 7:00
  So a lot of the reason as to why this gold and and silver is
• 7:04
  ripping is because a, a, a lot of it is being redeemed, right?
• 7:09
  So, yeah, I mean, this is crazy uncharted territory.
• 7:12
  Now, I think the question on everybody's mind is OK, but big
• 7:19
  but big. But is this going to translate
• 7:23
  eventually to Bitcoin pumping? Right.
• 7:26
  Because I think you mentioned this earlier, right?
• 7:29
  You know, as it stands right now, Bitcoin is down 8% and both
• 7:35
  silver and gold are performing, you know, amazing, right?
• 7:40
  And the theory is that Bitcoin is a superior asset to gold.
• 7:44
  It's not a theory. The characteristics are there,
• 7:47
  absolute scarcity, censorship resistant resistance, the fact
• 7:52
  that you can send it anywhere around the world for pennies on
• 7:55
  the dollar. Like the characteristics are
• 7:57
  there. But you know, even though all
• 7:59
  the characteristics are there, at the end of the day the
• 8:02
  markets are what tell the truth. And I think that's the question
• 8:06
  on everybody's mind is, is, is Bitcoin going to follow in the
• 8:10
  footsteps of silver and gold once they finish, you know,
• 8:14
  going through this historical RIP?
• 8:16
  And for anyone who's talking about diminishing returns and
• 8:21
  all that, all that narrative around Bitcoin, I mean, you guys
• 8:25
  have to understand the size of the asset that is gold and the
• 8:29
  fact that it literally hockey stick, hockey sticked like a
• 8:33
  meme coin to the moon, like silver behave like a meme coin,
• 8:39
  right? And this is a multi trillion
• 8:41
  dollar asset. So if silver and gold could do
• 8:45
  it, Bitcoin could definitely do it, I have no doubt in my mind.
• 8:50
  And by the way, the market cap of gold just keeps getting
• 8:54
  bigger and bigger and bigger. Before, when we started
• 8:57
  reporting it, we said for Bitcoin to reach the market cap
• 9:00
  of gold, that would mean $1 million Bitcoin.
• 9:03
  That's changed, ladies and gentlemen.
• 9:05
  For Bitcoin to reach the market cap of gold, that would mean
• 9:09
  $1.7 million Bitcoin. Gold is now a 35 trillion dollar
• 9:18
  asset, right? And our theory, our core thesis
• 9:22
  as Bitcoin is that the minimum, the minimum for Bitcoin to
• 9:28
  succeed is to at least reach the market cap of gold.
• 9:32
  So I mean, what is that a 17X at this point, A17X, just to reach
• 9:39
  the market cap of gold. Kathy Wood breaking, we're going
• 9:42
  to be talking about that during the number she's talking about.
• 9:44
  She's still feeling bullish. She's talking about $800,000
• 9:50
  Bitcoin by 20-30. Ladies and gentlemen, that's
• 9:53
  four years away, 8X8X in four years.
• 9:58
  At the end of the day, we shall see.
• 10:00
  We'll see if Kathy's right, but I'm going to pass it back on to
• 10:03
  Opti with the question and my questions, a very simple one, a
• 10:08
  very strategic one, a very targeted one.
• 10:11
  What did Tom Luongo say about all this stuff?
• 10:14
  Because he's been ahead of the curve like he's known.
• 10:17
  He's been talking. About this stuff for years now,
• 10:20
  What did you guys bring up when you guys had him on the show?
• 10:24
  Yeah. So I think what we're seeing
• 10:26
  right now in silver, and this is essentially what Tom Luongo was
• 10:30
  saying, is that remember, as the Tom Luongo thesis goes, the City
• 10:35
  of London is where the financial power rests because they used to
• 10:38
  the empire and remember the, the sterling pound used to be backed
• 10:43
  by a pound of silver. And so now they're essentially
• 10:46
  calling the bluff on the City of London.
• 10:49
  And I think this is what we're seeing is This is why we're
• 10:51
  seeing the price start to RIP is because people are trying to get
• 10:54
  Bitcoin or sorry, get silver out of out of the vaults, bring them
• 10:59
  on shore, get them out of London, bring it to America.
• 11:02
  And so connecting these two things, what I think is
• 11:05
  happening and I think what we're seeing is essentially what, what
• 11:08
  the chat is saying like we are seeing and I, and it might be
• 11:11
  too early to call the death of Fiat.
• 11:14
  I, I don't think necessarily like the dollar's over.
• 11:17
  I think the dollar will be around with with us for a long
• 11:19
  time, but I think we're starting to see people lose faith in that
• 11:23
  system. And, and what is the most
• 11:25
  interesting aspect of this is this isn't gold and silver, as
• 11:29
  much as we'd like to say it isn't being pushed this high
• 11:32
  because of retail. This is institutional central
• 11:36
  bank bidding on precious metals right now.
• 11:39
  And so Nico asks, do I think that it's going to happen to
• 11:42
  Bitcoin eventually? Of course I do.
• 11:44
  It's just right now what we're seeing is the institutions are
• 11:46
  trying to get as much gold and silver as they can right now
• 11:49
  because they are uncertain about treasuries.
• 11:51
  They're uncertain about their own debt right now, they're
• 11:54
  uncertain about the Fiat system and This is why you're seeing
• 11:56
  precious metals run the way they are.
• 11:58
  So that's kind of like the very, very short layman view of this.
• 12:02
  If you want to, if you really want to hear Tom long, go watch
• 12:04
  the episode. It was on Thursday.
• 12:06
  But anyways, enough of this. Let's go into the second news
• 12:09
  story or surrounding the strategic Bitcoin reserve and
• 12:12
  this guys, this is this one gets pretty funny.
• 12:15
  I can't play some of the clip for you, but it it's it's it's
• 12:19
  one of those moments where if you're not laughing, you might
• 12:22
  be crying. So here is the initial story
• 12:26
  here it was broken by Zach XBT on Twitter.
• 12:30
  Very good Twitter account. And he goes meet the threat
• 12:33
  actor John AKA Lick, who was caught flexing $23 million in a
• 12:37
  walleted address directly tied to 90 million plus in suspected
• 12:41
  deaths from the US government in 2024 and multiple other
• 12:45
  unidentified victims from November 2025 to December 2020
• 12:49
  to December 2025 S here's screenshots.
• 12:52
  You know, it's, it's some ETH holdings, it's some Tron
• 12:55
  holdings. But this is where the story gets
• 12:58
  even crazier. And this is where the
• 13:00
  speculations on what is actually happening with the Strategic
• 13:03
  Bitcoin Reserve. Remember we were supposed to
• 13:05
  have an audit on the strategic Bitcoin Reserve.
• 13:08
  Allegedly we added 120 K plus coins.
• 13:12
  The US supposedly holds around 328,000 coins.
• 13:16
  It's been a, it's been a trust us bro.
• 13:18
  And we haven't been able to fully verify this.
• 13:21
  So that was my theory from last. Week Well, standard alumnus also
• 13:25
  said this a while ago. I I I dude.
• 13:27
  Not necessarily stolen, but they're selling.
• 13:28
  I got to pat ourselves on the back a little bit, brother,
• 13:31
  because we did tomorrow's Bitcoin news today.
• 13:35
  We did call this 100%. We said don't trust me, bro.
• 13:40
  Like it's time to publicly release the balance like El
• 13:46
  Salvador does, right? That's the only way you're going
• 13:49
  to be held accountable. You're going to have
• 13:53
  transparency with your citizens, dude.
• 13:55
  The fact that you know, and this guy's.
• 13:58
  Wait, wait, wait, let, let, let me, let me, let me fill out the
• 14:01
  whole, the whole story here. But yeah, Niko, Niko's jumping,
• 14:03
  jumping the the gun here. So here we go.
• 14:07
  Zach XVT follows this up and he goes.
• 14:09
  In case you're curious how John Degida, AKA Lick was able to
• 14:15
  steal $40 million from the US government seized addresses.
• 14:19
  John's dad owned CMDSS, which currently has an active IT
• 14:23
  government contract in Virginia, and CMMDS was awarded a contract
• 14:28
  to assist the US State Marshals in managing slash disposing of C
• 14:33
  slash forfeited crypto assets. It still remains unclear at this
• 14:36
  point how John obtained access from his dad.
• 14:39
  And you know, going further, apparently the CMDSS company
• 14:43
  account on Twitter, their website and LinkedIn were all
• 14:47
  just deactivated after this post was broken on Twitter.
• 14:51
  And here's like where? Here's where the Twitter funnies
• 14:54
  come around. This guy goes away.
• 14:55
  Wait hold up LMAO so his dad manages liquidation of stolen
• 15:00
  assets from the US government and this kid steals those stolen
• 15:03
  assets from his dad and he only got caught because he just had
• 15:07
  to flex it to some other a non criminals in a demeasuring
• 15:10
  contest. Holy crap.
• 15:13
  And Zach XPT goes yes exactly. Now this one's even crazier.
• 15:16
  I was I was laughing playing the video.
• 15:18
  I can't play the videos for you guys on on YouTube.
• 15:21
  We can't play this on the show. But if if you're interested in
• 15:24
  this, there are receipts on this.
• 15:25
  Why can't we play the videos? Because he's just cussing.
• 15:28
  It's like he's like Wigger maxing on it.
• 15:30
  But anyways, here is the other tweet and he goes.
• 15:36
  Imagine getting your dad arrested and put away for
• 15:38
  decades on federal charges because he couldn't handle some
• 15:41
  losers on the Internet calling you poor Zach.
• 15:44
  XPT strong contender for worse son of the decade.
• 15:46
  So catching up on this, you know the short of it.
• 15:51
  AUS government contractor son allegedly stole $40 million from
• 15:55
  the wallets his father's company was hired to protect with the US
• 15:58
  State Marshall Service on these seized asset foreclosures and
• 16:03
  crypto. A competitor had warned about
• 16:05
  conflicts of interest. The government awarded the
• 16:07
  contract anyway. CMDSS has now deleted all social
• 16:11
  media and scrubbed their websites again.
• 16:13
  David Bailey remarks on this. He goes the son of the CEO of
• 16:16
  the company hired by the US Marshals to safeguard the
• 16:19
  nation's Bitcoin, stole $40 million from it and now appears
• 16:23
  to be on the run. Treasury must secure the private
• 16:25
  keys from the Justice Department ASAP before more is stolen and
• 16:29
  he goes frankly unbelievable and embarrassing.
• 16:32
  US Marshals would be better off on hiring Mark Carpellis at this
• 16:36
  point. If you don't know who Mark is,
• 16:38
  that's that's you know, Mount Gox CEO who people say allegedly
• 16:44
  ran away with all of the Bitcoin at at Mount Gox.
• 16:47
  So at this point we have no clue what's going on with the
• 16:51
  strategic Bitcoin reserve. It looks like 40 millionaire
• 16:53
  gone. We have rumors and speculations
• 16:56
  that more Bitcoin has been sold on paper in theory.
• 17:00
  Allegedly, the US government holds 328 + 1000 coins.
• 17:05
  At this point, I think it's very fair and safe to say that they
• 17:09
  probably hold less than they are marketing.
• 17:11
  And maybe This is why we haven't heard anything from the
• 17:14
  strategic Bitcoin Reserve because maybe they found out
• 17:17
  that they have a lot less Bitcoin that has been then has
• 17:20
  been marketed. I know for a fact they hold less
• 17:24
  Bitcoin. Not for a fact, OK, but listen
• 17:28
  guys, I we have a pretty effing good track record, OK, We have a
• 17:33
  pretty good track record. If you guys have been simply
• 17:36
  Bitcoin viewers for years now, you guys know that usually the
• 17:41
  stuff that me and Opti, even though we're like cracking jokes
• 17:44
  and having a good time on this show.
• 17:46
  Even though we talk like Bros, we talk like.
• 17:48
  Bros. We are Bros.
• 17:50
  Even though the stuff that we talk about on this show might
• 17:53
  seem like a little bit of entertainment.
• 17:55
  What? Not this and this and that.
• 17:57
  We usually end up being vindicated, you know, three to
• 18:01
  six months later. Like literally, I'm not even
• 18:04
  kidding. When it started to happen to us
• 18:06
  like a couple years ago, it was hilarious because we were still
• 18:10
  doing the show with the green screen.
• 18:12
  And then me and me and Opti were on a phone call and we were
• 18:14
  like, dude, I think we're journalists, bro.
• 18:18
  I think we're journalists, dude. Because like we couldn't figure
• 18:21
  it out. Like we couldn't surmise it as
• 18:23
  like self-taught Youtubers. Like telling you guys the news
• 18:27
  could be more accurate than legacy media.
• 18:29
  And then it became incredibly obvious.
• 18:32
  And now, you know, I wear it proudly.
• 18:34
  I wear it proudly. I'm like, OK, you know what?
• 18:36
  I'm some type of new age Bitcoin journalists, YouTuber, content
• 18:41
  creator. I don't even know how to define
• 18:43
  it. News where?
• 18:45
  Where real life news aggregators?
• 18:46
  Even I don't even know if there is a definition for it, nor is a
• 18:50
  definition necessary. But that's besides the point.
• 18:53
  The point is, is that listen, we know that the Biden
• 18:57
  administration when they knew that Trump won the election.
• 19:02
  So the couple months in the transition, we know for a fact
• 19:07
  that they were selling Bitcoin. The news the other day from the
• 19:11
  Samurai wallet seizure, what happened?
• 19:14
  Breaking news, the DOJ was selling Bitcoin even though
• 19:19
  there is an executive order explicitly forbidding the US
• 19:23
  government from selling Bitcoin. And now basically, what is it,
• 19:28
  the Marshals or the Justice Department?
• 19:31
  I think US Marshals or the yeah, it's US Marshals.
• 19:34
  But so now the US Marshals hired this company to like custody the
• 19:40
  Bitcoin. It's really not that
• 19:42
  complicated. Send it to Bitco, right?
• 19:45
  Send it to coin. Bit it's not it's not rocket
• 19:48
  science. OK, I understand if the US
• 19:50
  government doesn't want to learn how to take self custody
• 19:53
  themselves. I understand that it's possible.
• 19:56
  I mean, if El Salvador could do it, the US government could do
• 20:00
  it. I mean, we did literally kidnap
• 20:03
  the sitting president of a country within two hours, like
• 20:06
  Zero Dark Adepa style. Like, so it's not, it's not,
• 20:11
  it's not like it's not, it's not too far of a stretch, right?
• 20:16
  So the point I'm trying to make is, is this on purpose?
• 20:21
  Is this on purpose? And I would like to say, I would
• 20:25
  like to say I think it might be. I think there's a lot of people
• 20:30
  in the administrative state, the the unelected bureaucracy that
• 20:34
  remains empowered regardless of who gets elected into office
• 20:38
  that doesn't want Bitcoin to succeed.
• 20:41
  I think they want central banks. I think they want the
• 20:44
  continuation of the central banking system.
• 20:47
  It's what finances them. It's what gives them power, it's
• 20:50
  their source of power. So I don't think it's in their
• 20:54
  best interest for Bitcoin to succeed.
• 20:56
  And I honestly think that you guys wanna know why all the
• 21:00
  momentum got pulled from the strategic Bitcoin Reserve
• 21:04
  initiative, why Bo Hines resigns, why Senator Lummis is
• 21:08
  not running for re election. It's that they ran into this
• 21:12
  huge bureaucratic wall, this immovable wall.
• 21:16
  And they're like, you know what, that's nice, but I'm going to
• 21:19
  make a whole lot more money and I'm going to live a lot longer
• 21:23
  and I'm going to have a lot more, lot less stress.
• 21:26
  And I and my life isn't going to be in danger if I just go, you
• 21:31
  know, get a very nice job in the private sector, right?
• 21:35
  That's what I think. That's honestly what I think,
• 21:37
  man. Like, I think that there's this
• 21:39
  giant bureaucratic, you know, web that you need to untangle in
• 21:45
  order for this strategic Bitcoin reserve to happen.
• 21:48
  And, you know, you're seeing, you're seeing signs of that.
• 21:51
  There's three signs. There's three signs that are
• 21:54
  confirmed, right? They're confirmed No 4 signs.
• 21:59
  Let me lay them out to you. Sign #1 Donald Trump, when he
• 22:05
  got inaugurated, part of his first initial executive orders
• 22:09
  was for all of the federal government to basically report
• 22:13
  how much Bitcoin the US government has.
• 22:17
  We still don't know. It's been more than a year.
• 22:20
  Sign #2 Supposedly the US government was not supposed to
• 22:26
  sell any of their Bitcoin. When the samurai wall of Bitcoin
• 22:31
  got seized, guess what was reported?
• 22:34
  That Bitcoin was sold. They tried to walk it back with
• 22:37
  the media. I'm sorry, I don't believe them.
• 22:40
  Why don't I believe them? Well, this is a great example,
• 22:44
  right? You have literally this, this
• 22:46
  this kid flexing on Discord basic some he 'cause he's upset
• 22:52
  and his ego is hurt because some dude called them poor and he's
• 22:56
  like, I'm not poor. Look at this $40 million worth
• 22:59
  of Bitcoin that I stole from the US government using daddy's
• 23:03
  money and daddy's access. Like, I just, I'm sorry.
• 23:07
  Like, look, you can't tell me that they're incompetent.
• 23:12
  They literally kidnapped a president in two hours, right?
• 23:16
  So you can't tell me they're incompetent.
• 23:19
  You can't tell me that they don't know about the daycare
• 23:22
  centers. You can't tell me that they
• 23:25
  don't know that, you know, they, they ran out Elon out of
• 23:29
  Washington with the whole doge thing because they wanted to.
• 23:32
  I think this is just convenient to them.
• 23:34
  That's my, that's what, that's what I believe.
• 23:37
  And then the last thing that I'll say is guess what happened?
• 23:41
  The Genius Act got passed real quick.
• 23:43
  Why? Because it perpetuates the US
• 23:46
  dollar. I like it.
• 23:47
  I'm a fan of stable coins. I like what Tether is doing for
• 23:51
  the rest of the world, the opportunities that it gives
• 23:53
  people living in the global S, But again, it benefits the US
• 23:57
  government. Look at the Clarity Act.
• 24:00
  The Clarity Act is literally reached a standstill.
• 24:04
  You know, they keep saying, oh, it's going to get passed.
• 24:06
  Oh, it's going to get passed. Oh, it's going to get passed.
• 24:09
  We're almost in February and this thing has still not passed.
• 24:12
  And the first draft that was proposed was basically this
• 24:17
  Frankenstein creature of a bill that essentially put protected
• 24:22
  big banks more than it protected bitcoiners, right?
• 24:27
  Because it was supposed to protect the right to self
• 24:29
  custody. It was supposed to provide all
• 24:31
  this regulatory clarity so that Bitcoin entrepreneurs and
• 24:36
  businesses could operate with clarity and not fear that
• 24:42
  they're going to be persecuted in a couple years.
• 24:44
  That was the whole point of the bill.
• 24:45
  That bill has not been passed, right?
• 24:48
  So again, I don't have any, I don't have a smoking gun yet.
• 24:52
  But if you put all of these things together, it points, it
• 24:55
  paints a very, very big, it paints a very clear picture to
• 24:59
  me, dude. You know, it really, really,
• 25:01
  really does. So I don't know if you want to
• 25:03
  add to that Opti, maybe I'm black pilled at this point, I
• 25:06
  don't know. What do you think bro?
• 25:09
  I mean, I, I generally agree with everything you said.
• 25:12
  I, I would say you are kind of black pilled now.
• 25:14
  I, I, I think, I think, Chet I, I think Nico's having a hard
• 25:17
  time realizing that just voting isn't going to fix, I think.
• 25:24
  I think, I think voting. No, no.
• 25:25
  But hold on. I, I, I let's not open that kind
• 25:28
  of word. To your point, though, I think
• 25:31
  where we are currently, I, I do want to kind of, I'm, I'm, I'm
• 25:36
  having a hard time framing it, but I do without you guys saying
• 25:39
  like, oh, he's a Trump show. You guys know, I've been very
• 25:42
  critical on Trump. I say when he does some good
• 25:45
  things. I, I'm, I'm extremely critical
• 25:48
  of politics in general. But I think one thing that I've
• 25:53
  been trying to figure out how to say correctly is that when it
• 25:57
  comes to Bitcoin, I think Trump and the Trump administration had
• 26:01
  a very good idea. I think it was a good idea idea.
• 26:04
  I think this movement is a good idea to go Bitcoin superpower of
• 26:08
  the world. Now as we see, as we've seen, as
• 26:11
  we probably will continue to see it, it's probably like a little
• 26:17
  what's it like? Not enough action to it.
• 26:20
  So it's like it might just have to be that the next president,
• 26:24
  you know, follows what Trump was saying because I think it's a
• 26:27
  good idea to be the Bitcoin superpower of the world.
• 26:30
  It just seems like they're, as Nika likes to say, the
• 26:32
  bureaucratic state, you know, whatever.
• 26:34
  There's a lot of hurdles. There's still a lot of backlash.
• 26:36
  There's still a lot of negativity around Bitcoin.
• 26:39
  And so, you know, I'm, I don't believe in the idea that like
• 26:42
  Trump's the savior here, but I think the Bitcoin idea coming
• 26:47
  from the US president is a good idea.
• 26:49
  And then, you know, following from here, it's like we'll have
• 26:52
  to take the baton from here and we'll have to actually actualize
• 26:55
  what what, what happened. I know, I saw that.
• 26:58
  We need, we need Maludo on the Joe Rogan pot.
• 27:01
  He would crush it though. That's the thing, I don't like
• 27:03
  Maludo. I think what he did to the
• 27:05
  Venezuela was horrible and stuff, but the guy is
• 27:08
  charismatic anyhow, guys, it's going to be incredible show.
• 27:13
  We got Walker joining us in about 15 minutes or so, 15
• 27:17
  minutes or so, and then we might have a special surprise towards
• 27:20
  the end. You guys are going to want to
• 27:21
  stay tuned. This is the Monday show.
• 27:24
  So if you guys are enjoying it, make sure to smash that like
• 27:28
  button. Give us a follow whatever
• 27:30
  platform you're watching us on on Rumble on YouTube on X smash
• 27:35
  the like button share today's video.
• 27:37
  Let's get into today's show. We're going to be right back in
• 27:41
  just a little bit. Here we go.
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• 30:46
  Bitcoin price is $87,900 sats per dollar 1137 block rock
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  height 933,878 Realize monetary inflation .83% market cap 1.76
• 31:05
  trillion Bitcoin versus gold market cap.
• 31:08
  We still got a long ways to go. Remember.
• 31:13
  Remember when we had almost 10%? Exactly.
• 31:15
  It's that was crazy, but. That's good because when Bitcoin
• 31:19
  reaches the market cap of gold, that's $1.7 million per coin
• 31:24
  percentage issued, 95.14% in the grand scheme of things.
• 31:30
  We are just getting the party started.
• 31:34
  In other news, strategy once again buying the dip.
• 31:38
  I want to talk about something that I talked about with a good
• 31:42
  buddy of mine, the Co founder of Leaden.
• 31:44
  Our boy Mauricio had brunch with him yesterday and he, he had a
• 31:49
  very interesting take on this. He was like, look, Nico, I think
• 31:55
  some of the Bitcoin gains that would would have potentially
• 32:00
  happened this cycle actually went into the actually went into
• 32:04
  the treasury companies. So like retail didn't buy spot
• 32:08
  Bitcoin. What they did was they bought
• 32:11
  the treasury companies to get exposure instead.
• 32:14
  And it was interesting because he said, look, when these
• 32:18
  treasury companies had three M NAV, 4M NAV, 5 M NAV, that
• 32:22
  basically means that they, if they just would have bought spot
• 32:26
  Bitcoin, they would have gotten three to five times as much
• 32:31
  Bitcoin than if they would have bought MicroStrategy when it was
• 32:35
  at 3, when it was at 5 M NAV. And that bro like that stuck out
• 32:40
  to me because he was like, I, it's just like we didn't have a
• 32:43
  euphoric top. That was like part of the
• 32:45
  conversation. That was part of the
• 32:46
  conversation that we were having at brunch.
• 32:48
  And he was like, we did have a euphoric top, but it happened in
• 32:51
  the treasury companies. And that is so true.
• 32:55
  MicroStrategy had a classic blow off top, right and it 30X,
• 33:00
  ladies and gentlemen, it went from $13 and I think it peaked
• 33:03
  at what, like 550 or something like that?
• 33:06
  Something like that, yeah. Something like that anyway. 540
• 33:08
  or something. So let's check out the the
• 33:11
  latest news. Strategy adds 292,932 Bitcoin to
• 33:19
  reach 712,647 Bitcoin total holdings Strategy, the Bitcoin
• 33:27
  treasury company, formerly MicroStrategy, bought 2932
• 33:32
  Bitcoin from January 20th to January 25th for $264,000,000.
• 33:39
  What's a couple $100 million amongst friends At about $90,000
• 33:44
  per coin. This brings their total to
• 33:47
  712,647 BTC acquired at an average of $76,000.
• 33:56
  Now we're a for for 54 billion now worth 62 billion at around
• 34:01
  $87,000 each. Funded mainly through stock
• 34:05
  sales. The purchase outpaces 2026
• 34:09
  Bitcoin mining so far. I think if you were to highlight
• 34:13
  any part of this, it's that the amount of Bitcoin that's being
• 34:20
  bought, unlike gold, unlike gold, is outpacing the amount of
• 34:26
  Bitcoin that is getting released on the market by Bitcoin mining.
• 34:32
  It's just a matter of top, just a matter of top, just a matter
• 34:35
  of time before the market realizes and comes to the
• 34:40
  understanding that Bitcoin has absolute scarcity.
• 34:44
  And when that eventuality happens, I think that's when
• 34:48
  you're going to see these epic run run UPS drawing cheers from
• 34:53
  enthusiasts. Enthusiasts like Michael Saylor
• 34:56
  is unstoppable. Yeah.
• 34:59
  While critics like Peter Schiff note rising costs amid price
• 35:03
  pressures on FTR shares. Anyways, we got a legend in the
• 35:07
  house. We got the one, the only.
• 35:10
  Walker America joining us. Walker Welcome to the show,
• 35:14
  brother. Just bringing me right on up
• 35:16
  like that. Wow, I didn't even didn't even
• 35:17
  have time to prepare. But hey, it's good to be here,
• 35:19
  guys. Well, happy dude.
• 35:21
  I'm super stoked for you to join us, man.
• 35:24
  And just just putting you right into the fire, dude.
• 35:27
  I, I love it. I love it.
• 35:28
  I didn't even get to be in the frying pan, just straight on
• 35:30
  into the fire. Just just straight bro, just
• 35:32
  straight, just straight into the into the pan, into the grill.
• 35:36
  Anyways, Walker, I had an interesting conversation.
• 35:40
  You know about Easter, you got you guys are friends from left.
• 35:44
  So we were talking yesterday and he was basically making the
• 35:47
  theory that hey, we did have a blow off top, but it happened
• 35:52
  through the treasury companies. It didn't happen through
• 35:54
  Bitcoin. So retail actually was buying
• 35:57
  the treasury companies versus buying spot Bitcoin.
• 36:01
  But he made a really good point. He said if they would have just
• 36:04
  bought spot Bitcoin when these treasury companies were trading
• 36:08
  at 5 M NAV, three M NAV, 7 M NAV, they would literally have
• 36:13
  7, 5, three times as much Bitcoin today if they just
• 36:18
  bought spot Bitcoin rather than these, you know, in hindsight's
• 36:22
  2020 rather than these overpriced treasury companies.
• 36:26
  What's your take on that? That was the first time I've
• 36:28
  ever heard that theory. And it's a pretty good theory,
• 36:31
  man. Because you did have a classic
• 36:34
  blow off top on MicroStrategy. And what is MicroStrategy but
• 36:38
  not a representation of the Bitcoin price, Just in the
• 36:42
  levered fashion. I want to get your take.
• 36:44
  I mean, I think that's a really good point by Mauricio.
• 36:47
  I always love picking his brain on these things too.
• 36:50
  And I think that that's an important thing, right?
• 36:51
  And this is a good lesson for all of us.
• 36:53
  Now, Full disclosure, I dabble in some Bitcoin treasury
• 36:56
  companies, right? Like I bought a little bit of
• 36:58
  micro strategy when they first announced their Bitcoin strategy
• 37:01
  because I was like, this is this is awesome.
• 37:02
  You know, we'd love to see this. Now again, this is all with
• 37:05
  money I am prepared to lose, right?
• 37:08
  I put money in Bitcoin that I don't want to lose, money that I
• 37:10
  want to actually save for the long term.
• 37:12
  And I encourage everyone else to do the same.
• 37:14
  This is not financial advice. This is monetary advice.
• 37:16
  You know, Bitcoin is money, not finance, right?
• 37:19
  But my my point here is that, yeah, people dabbled in these.
• 37:22
  And I think Mauricio's point is really solid in that so much of
• 37:26
  that, you know, retail wave that everybody kept waiting for,
• 37:28
  where is retail? The institutions are here.
• 37:30
  Where is retail? Well, a lot of that did probably
• 37:32
  just go into these treasury companies now.
• 37:35
  You know, again, hindsight's 2020, I think a lot of people
• 37:38
  were rightly skeptical at the start.
• 37:40
  I think that these treasury companies now specifically
• 37:42
  MicroStrategy has obviously a massive, massive lead on all
• 37:46
  these other companies. You guys touched on their recent
• 37:48
  purchase here just a few minutes ago.
• 37:50
  There are over 700,000 Bitcoin now.
• 37:51
  They're going to hit a million Bitcoin, you know, probably
• 37:53
  within the next couple of years, maybe maybe the next couple of
• 37:56
  months. I don't know.
• 37:56
  It depends how how much capital Sailor can raise, right, but the
• 37:59
  point here, I think is a good one and that it's that Bitcoin
• 38:02
  is this savings tool, right? Bitcoin is how you save your
• 38:05
  money and grow your wealth over time.
• 38:07
  It's not a get rich quick scheme, right?
• 38:09
  It's not going to, you know, give get you a Lambo and a
• 38:11
  private jet tomorrow, like, and hopefully that's not even your
• 38:14
  your your goal, right? Your goal is to save money over
• 38:16
  the long term, to build wealth slowly and have your purchasing
• 38:18
  power increase. Everything else is speculation,
• 38:22
  right? Bitcoin isn't speculation, it's
• 38:24
  savings. Everything else is speculation.
• 38:27
  And also everything else introduces A counterparty,
• 38:30
  right? Even gold, even silver, because
• 38:32
  unless you're buying physical gold or silver, in which case
• 38:35
  you're going to have problems actually selling it at the spot
• 38:37
  price later on, that's a different story.
• 38:39
  But even if you're buying precious metals, typically
• 38:41
  you're getting exposure through a counterparty.
• 38:44
  All these treasury companies, they are securities, right?
• 38:46
  It is of by definition counterparty, right?
• 38:49
  So again, I think it just really draws a key line in the sand
• 38:52
  that says, look, Bitcoin is how you save.
• 38:55
  Everything else is speculation. Yes, plebslop one O 1 to whoever
• 38:59
  just commented that, that is hilarious and very much true.
• 39:03
  But This is why plebslop is useful, right?
• 39:04
  Because apparently we have to drill these things into people's
• 39:06
  heads over and over and over again.
• 39:08
  We have to say, don't get involved in quote crypto, right?
• 39:11
  It's all just a giant scam. It's a rug poll.
• 39:13
  I'm not conflating treasury companies and crypto.
• 39:15
  I think treasury companies are a good idea, and I think they're
• 39:19
  also a natural progression. Of course you're going to have
• 39:22
  treasury companies. Of course you're going to have
• 39:24
  nation state adoption. Of course you're going to have
• 39:26
  pension plans and unions and everything in between.
• 39:29
  Buying Bitcoin. Why?
• 39:31
  Because Bitcoin is winning. This is what Bitcoin winning
• 39:33
  looks like. May not feel that way right now
• 39:35
  in the price, as the gold bugs and the silver Sims dance on
• 39:38
  Bitcoin's early grave. But this is where patience comes
• 39:41
  in, and it's a good reminder that Bitcoin is saving and
• 39:44
  everything else is speculating. Amen to that man.
• 39:47
  I would watch, you know, if you guys are on YouTube a lot, there
• 39:52
  are these like 10 hour Long live streams of just, you know, like
• 39:56
  lo fi music. I would watch.
• 39:58
  I would have a a 10 hour loop of Walker's voice and ASMR in his
• 40:04
  podcast and I think it would do super well.
• 40:07
  That's a great ASMR voice. I'm a huge fan.
• 40:10
  What do you think, Opti? I, I think, I think I need some
• 40:13
  voice lesson from Walker because I, I'm like super nasally, so I
• 40:18
  need to get that low Walker voice here and I, I think we'd
• 40:23
  have more fans. But anyways, anyway, I, I, so
• 40:29
  I've been saying something very similar, Nico, on this idea of,
• 40:33
  I think the blow off top happened in the Bitcoin
• 40:36
  treasuries. And if you're looking at a lot
• 40:37
  of these stock prices, it looks very obvious.
• 40:41
  I wasn't, I, I, I really don't even understand the M NAV stuff.
• 40:44
  But you know, I'll take Mauricio's word on they could
• 40:47
  have bought more Bitcoin. So I've been saying it about the
• 40:50
  I think the blow off top was in the treasuries and hence I
• 40:53
  that's why I don't think we're going to see such a drastic kind
• 40:56
  of bear market in Bitcoin. But the M NAV stuff is above my
• 41:00
  pay grade, I'll tell you that much.
• 41:03
  The M NAV is is a pretty simple concept.
• 41:05
  It just basically represents the amount if you Add all the
• 41:09
  Bitcoin together of of that the, the, the Bitcoin together that
• 41:13
  that company holds, what is the total value of that Bitcoin and
• 41:17
  basically the stock if you like, kind of add together the market.
• 41:22
  Cap. That's like the Bitcoin per
• 41:23
  share metric. Yes, OK.
• 41:25
  Yeah, exactly. So like if the M NAV is at 3 XM
• 41:28
  NAV, that basically means the company's valuation, the market
• 41:31
  cap of that company is worth 3 times as the amount of Bitcoin
• 41:36
  that they hold on their balance sheet, right?
• 41:38
  That's why all the M Navs are getting closer to 1 or some of
• 41:41
  them are even below 1. OK, so one's like parody like 1
• 41:46
  to 1. How it should be theoretically,
• 41:48
  but over the summer we had some wild days where like you had
• 41:52
  metaplanet that was at like 8 M NAV right which at the time that
• 41:56
  that was a great buy because that would basically mean that
• 41:59
  look if you put you know one Bitcoin in there theoretically
• 42:02
  you can get a Bitcoin out right theoretically it was it's not
• 42:05
  that simple I'm simplifying it for you guys but it's not that
• 42:08
  simple Walker did mention silver and gold.
• 42:12
  I do want to talk about that because the silver and gold have
• 42:14
  been going on an absolute tear, and these are commodities that
• 42:19
  have astronomically huge market caps.
• 42:23
  Gold's market cap is now $35 trillion, and it's literally
• 42:29
  going parabolic. Silver behaving like a meme
• 42:33
  coin, it's literally going parabolic as well, while Bitcoin
• 42:36
  is down 8% to the year. So we're going to be talking
• 42:40
  about all of that right after the break.
• 42:42
  We're going to be right back in just a second second, I want to
• 42:45
  give a shout out to our partner leaden, the leader in Bitcoin
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• 42:52
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  Bitcoin. All right, everybody, let's go
• 45:42
  back to today's topic guys. Walker and I, we were discussing
• 45:47
  off of air. We've both decided to rebrand
• 45:51
  our shows and podcast. Walker's officially announcing
• 45:55
  tomorrow that his show is going to be called The Silver Podcast
• 45:59
  and Simply Bitcoin is going to be renaming itself Simply
• 46:02
  Silver. So we're going to be announcing.
• 46:04
  Simply opti. Simply opt silver opti.
• 46:07
  Simply silver. Opti bet silver.
• 46:12
  This is terrible names. Those are terrible names.
• 46:14
  Those I like simply silver. It's got a better ring to it,
• 46:16
  so. It does.
• 46:17
  It does. Simply Silver and the Simply
• 46:19
  Podcast. I mean the Silver podcast, this
• 46:22
  is confusing. There's so many else's.
• 46:25
  The Silver podcast, we're going to be making the mutual
• 46:29
  announcement tomorrow. Walker and I will possibly get
• 46:32
  disowned by the community, but. Yeah, Nico was telling me this
• 46:35
  morning he's going to sell all his Bitcoin, buy the silver top,
• 46:38
  but we're. Doing this, we're doing this not
• 46:41
  for ideological reasons. We're doing this purely for the
• 46:44
  money. Just a joke.
• 46:45
  Just a joke. It's a joke.
• 46:48
  We're not renaming your podcast, but let's talk about how
• 46:52
  absolutely wrecked we are and this is the year.
• 46:56
  This is Peter shifts vindication year.
• 46:58
  He got one year out of 17. Not bad.
• 47:01
  Okay, you know, a clock is what is it?
• 47:03
  A broken clock is is right twice a day, something like I don't
• 47:06
  know what the saying is, but anyways, let's check out these
• 47:09
  numbers. Here is Jesse Myers and he
• 47:12
  posted since start of 2025, eleven months ago, silver is up
• 47:16
  278%, gold up 93%, Bitcoin down 10%.
• 47:23
  Precious metal investors are dancing on Bitcoin's grave That
• 47:27
  always ends well. Let's take a look at the
• 47:29
  numbers. So let's you know, say what you
• 47:31
  got to say they they've been on a tear.
• 47:34
  Silver's currently at $112. It's just pretty crazy.
• 47:41
  And in 2020 it was at $16.00. It's almost a 10X, dude.
• 47:46
  That's Wilde's over the last five years.
• 47:49
  And gold, again, this is a massive out.
• 47:52
  This is a massive, massive asset.
• 47:56
  You know, it's just ripping as well.
• 47:58
  So absolutely crazy. And but I'm still not bearish
• 48:04
  because we got the one and only Kathy Wood and she still
• 48:08
  believes that bitcoin's going to get going to hit $800,000 per
• 48:12
  coin by 20-30. I'm going to play the clip and
• 48:15
  then we're going to have a discussion about our our, our
• 48:17
  rebearance. We're going to be right back in
• 48:19
  just a SEC. We are in it to win it,
• 48:23
  absolutely. So AR KB right is our spot
• 48:26
  Bitcoin ETF. And as we assess the ecosystem
• 48:31
  right now, what what we've undergone in the last two to
• 48:35
  three months are the reverberations after 10:10.
• 48:40
  So 1010, October 10th was what in the crypto world, I'm not
• 48:44
  sure if if it's mentioned this more broadly is the flash crash
• 48:49
  associated with a software glitch on Binance that
• 48:53
  deleverage the system and to to the tune of $28 billion.
• 49:00
  There are a lot of a lot of people hurt and we think that
• 49:05
  that unwind and often when you go through and unwind Bitcoins
• 49:10
  going to be hit the hardest because it's the most liquid
• 49:13
  crypto asset. We think that unwind is pretty
• 49:17
  much behind us. So now the only thing I think
• 49:20
  investors are worried about especially institutional
• 49:24
  investors who understand that they must, they must examine
• 49:29
  this as a new asset class, the leader in a new asset class,
• 49:34
  very low correlation with other, other asset classes.
• 49:38
  And so they're looking at what's called the four year cycle and
• 49:42
  we have been down and the question is, is the four year
• 49:46
  cycle the downside of it over? We think it's pretty much pushed
• 49:50
  through. Maybe we flatten out here in the
• 49:52
  80 to 90,000 range base here for a while, but we think, we think
• 49:57
  we'll be on our way soon. So that was the past.
• 50:01
  The future is silver and I want to talk to Walker about that.
• 50:06
  No, Walker. Look, Kathy Woods still
• 50:08
  incredibly bullish. She's calling $800,000 Bitcoin
• 50:11
  by 20-30. That's an 8X from here 4 years
• 50:15
  from now. That's an incredible return.
• 50:18
  I just don't see how that doesn't happen when right when
• 50:22
  you were joining the show, one of the announcements that was
• 50:25
  made, I think it was like the the AI that X has in terms of
• 50:29
  like just aggregating the news. But one of the things that stuck
• 50:32
  out to me was the fact that Michael Saylor by himself like
• 50:38
  this isn't even taking into account any of the other
• 50:40
  treasury companies or any of the other institutions or sovereign
• 50:44
  wealth funds buying Bitcoin. Just Michael Saylor by himself
• 50:48
  is essentially buying all of the mining, the Bitcoin mining
• 50:52
  supply of 2026, right. So eventually we're going to
• 50:57
  reach a point where there's just not going to be enough supply
• 51:01
  for the amount of demand. And again, the halving is a
• 51:05
  couple years from now and again, the amount of Bitcoin that's
• 51:08
  being mined that's being dumped on the market every single day,
• 51:11
  it's going to be cut in half. And that is very unique about
• 51:15
  Bitcoin, unlike silver and gold, right?
• 51:18
  The, the, the higher that big that gold goes, the higher that
• 51:21
  silver gold silver goes, the, the, the, the rate of silver
• 51:27
  mining increases and the rate of gold mining increases with it.
• 51:31
  It doesn't matter how high Bitcoin goes, the amount of
• 51:36
  Bitcoin that's actively being mined not only stays the same,
• 51:40
  but actively gets cut in half roughly every four years, right?
• 51:45
  So if you just. Put these two together and then
• 51:48
  you put in the fact that, listen, the fact that these,
• 51:52
  these commodities with huge market caps are ripping like
• 51:57
  mean coins, like in terms of their volatility tells me that
• 52:00
  that whole diminishing return narrative or the fact that no,
• 52:04
  Bitcoin can't go parabolic. I call that a crock of shit
• 52:08
  because that's what it is. Like the fact that silver, it
• 52:10
  only took 20 years, but the fact that silver ripped from what it
• 52:14
  was like 15 dollars, $20, something around that range like
• 52:19
  in the 20 and 2020 and the fact that it's at $114.00 today.
• 52:24
  I mean, and the fact that Bitcoin is superior in every
• 52:27
  single way. I think it's just a matter of
• 52:30
  time before the market realizes this.
• 52:32
  I think I it just surprises me that silver has ripped and gold
• 52:36
  has ripped the way it has, but Bitcoin has just been kind of
• 52:40
  going sideways. It hasn't really dumped.
• 52:43
  We haven't gone into a bear market, but it's just been going
• 52:47
  in this kind of sideways price action.
• 52:49
  I want to, I want to get your take, Walker.
• 52:52
  OK, so three things on this. One, I think that OK, people
• 52:56
  need to understand these three things.
• 52:57
  And as I'm saying, these drill these into your brain.
• 53:00
  First thing you need to understand is the whole
• 53:03
  narrative about diminishing returns with Bitcoin.
• 53:05
  Yeah, it kind of makes sense in its surface, but we've just seen
• 53:07
  that narrative completely destroyed because silver and
• 53:10
  gold have both just added trillions in market caps.
• 53:12
  Silver basically 3 exits market cap.
• 53:14
  This is not some new meme coin that, you know, some, some, you
• 53:17
  know, Donald Trump or Melania or maybe Baron now is pumping,
• 53:20
  right? This is silver.
• 53:21
  It's an old industrial metal. It used to be kind of an OK
• 53:24
  money. Like once, you know, a few 100
• 53:26
  years ago, gold added like 17 trillion to its market cap in
• 53:29
  like the last little over a year.
• 53:31
  That's insane. If you're telling me Bitcoin
• 53:33
  under a $2 trillion market cap right now, can't 3X4 X 5X that
• 53:37
  market cap in the space for a few years.
• 53:40
  OK. I mean, I just, I think you're
• 53:42
  wrong. So yeah, I'm going to put my
• 53:44
  money where my mouth is. I'm going to keep buying
• 53:45
  Bitcoin. We'll see who's right.
• 53:47
  And the next thing is, and I want to drill this home as well
• 53:49
  because you mentioned it and it's so important.
• 53:51
  When gold price goes up, they mine more gold.
• 53:54
  When silver price goes up, they mine more silver.
• 53:56
  When Bitcoin price goes up, nobody mines more Bitcoin.
• 53:59
  The same amount of Bitcoin is mined no matter what, even as
• 54:02
  demand increases, right? OK, that's the second point.
• 54:05
  The Third Point here is that like you, you need to, you need
• 54:10
  to zoom out a little bit, let the silver, you know, the gold
• 54:12
  bugs and the silver Sims have their day in the sun, right?
• 54:15
  They've been waiting decades for this as their purchasing power
• 54:18
  has basically stayed stagnant, right?
• 54:20
  Or in silver's case, decreased gold basically held purchasing
• 54:22
  power, not grown purchasing power in a long time, right?
• 54:26
  It's it, but it's you know, it's it's done a good job of holding
• 54:28
  its place there. They deserve that win.
• 54:31
  Let them have it. Let them dance in on bitcoins
• 54:33
  grave, right? But when Bitcoin moves, it is
• 54:36
  going to move with a velocity and a ferocity that is going to
• 54:39
  literally melt faces, right? Most people are not going to be
• 54:43
  prepared for this, but you, if you are listening to this right
• 54:45
  now, you will be prepared. I hope you've been watching
• 54:48
  simply Bitcoin. You've been watching the Bitcoin
• 54:49
  podcast, you've been getting your 40 hours per week of
• 54:51
  Bitcoin podcast content. You've been ingesting all the
• 54:54
  plebslop you can possibly muster, right?
• 54:56
  But you have been trying to create value and stack quietly,
• 54:59
  right? To grow a stack for yourself,
• 55:01
  for your family, for your future.
• 55:02
  You have watched these tourists panic sell at every dip.
• 55:06
  And you've also been, you know, as they panic sold, you doubled
• 55:08
  your DCA and you doubled down and you tried to buy the cheap
• 55:12
  corn off their hands, right? You have ignored all the fear,
• 55:14
  all the uncertainty, all the doubt that's been foisted upon
• 55:17
  you by the crypto salesman, the quantum fudders and all the
• 55:20
  Tardfi grifters, right? You have kept your conviction.
• 55:24
  You have kept buying, kept increasing your slice of the
• 55:27
  only completely finite pie in in the history of our world.
• 55:31
  That's Bitcoin, right? So to all of you who are
• 55:34
  watching this out there right now, stay patient, right?
• 55:37
  Be patient. Your time is coming.
• 55:39
  This has been we've been chopped solidating right around 100K or
• 55:43
  under 100K. It feels like forever.
• 55:45
  I haven't been in Bitcoin that long, right?
• 55:47
  But one thing that I have noticed is that right when
• 55:49
  Bitcoin starts to bore you to death, right when you think this
• 55:52
  must, you know, maybe I'm wrong, right?
• 55:54
  Maybe I'm wrong, right? When your conviction starts to
• 55:55
  shake, that seems to be the point where you're about to be
• 55:59
  proven that you were in fact right.
• 56:00
  That seems to be the point where all the people who were dancing
• 56:03
  on Bitcoin's grave saying, I told you so The Peter shifts the
• 56:05
  world out there. Oh, we'll look at this Bitcoin,
• 56:07
  you know, store of value, ha ha, ha.
• 56:10
  They all get really quiet for a little while and then they start
• 56:12
  saying Bitcoin's a scam as it rips their faces off, right?
• 56:15
  But there are 21 million Bitcoin forever.
• 56:17
  That's it. MicroStrategy alone is on their
• 56:19
  way to accumulate over a million Bitcoin, right?
• 56:22
  None of us are going to get even close to that, but we can still
• 56:24
  get our slice, a meaningful slice of a truly finite asset,
• 56:29
  right? You need to remember that 21
• 56:31
  million forever, that is it, right?
• 56:33
  We've repeated it over and over and over again, and I hope that
• 56:35
  people have listened. And if you have and if you've
• 56:37
  been creating value, going to create value for this world, use
• 56:40
  that value creation to stack SAT, you are going to be OK.
• 56:44
  But I truly think that the move is is coming.
• 56:47
  I don't know when Bitcoin does most of its movement in like 5
• 56:49
  to 10 days a year, that's like all of it.
• 56:52
  The rest of the time it just chopped solid 8 or goes down.
• 56:54
  And then a few of those days a year, it absolutely melts
• 56:57
  people's faces off. But back to the original point,
• 57:00
  the whole diminishing returns thing, I don't buy it.
• 57:03
  I don't buy it. They will always keep printing
• 57:05
  money. We know this.
• 57:06
  There will always be more and more and more Fiat.
• 57:09
  There will never be more than 21 million Bitcoin.
• 57:11
  There will always be more and more crypto assets.
• 57:13
  There will always be more gold. NASA sent a probe out to Psyche
• 57:16
  16 or whatever the name of that asteroid is that has enough gold
• 57:19
  on it to turn everyone in the on earth into a gold billionaire,
• 57:22
  right? Gold and silver are scarce, but
• 57:25
  they're not finite, right? They're, they are, are basically
• 57:28
  unlimited in terms of the universal scale, even in terms
• 57:31
  of our solar system, right? So the point here is remember
• 57:35
  why you were here. Remember that you were here
• 57:37
  because at some point a switch flipped in your brain and you
• 57:39
  understood what Bitcoin was in some way.
• 57:42
  You understood that this is the one chance that us, especially
• 57:46
  in the younger generations, have to catch up to all of those
• 57:49
  boomers who bought their houses for two raspberries that are now
• 57:51
  worth $5,000,000 and they're sitting on their third vacation
• 57:54
  home in Naples, FL, right? Telling you to pull yourself up
• 57:57
  by your bootstraps, right? Bitcoin is how you pull yourself
• 58:00
  up by your bootstraps. Bitcoin is the chance that you
• 58:02
  have while everyone else is panicking, while everyone else
• 58:04
  is chasing the the shiny object in the room.
• 58:06
  Either the literal shiny object in gold or silver, those nice
• 58:09
  shiny metals, or the figurative shiny object.
• 58:12
  AI, stocks, Quantum. Whatever it is, remember why you
• 58:15
  are here. Remember that Bitcoin is
• 58:17
  absolutely finite and there will never be another.
• 58:20
  That's it. That's what you need to
• 58:21
  remember. Drill that into your head, act
• 58:24
  with conviction, and stack as hard as you freaking can.
• 58:27
  Amen to that. Walker America dropping bars in
• 58:31
  the house. So I guess we have cancelled the
• 58:33
  ladies and gentlemen, breaking news, we have officially
• 58:38
  cancelled the rebrands. We're not changing the name of
• 58:42
  our podcast, even though the the Gold Podcast would sound pretty
• 58:46
  dope, it would sound pretty dope and simply gold.
• 58:50
  It wouldn't sound as good. But anyways, maybe maybe the
• 58:54
  total addressable market would be bigger.
• 58:57
  What do you think, Opti? What do you think about what
• 59:00
  Walker had to say? I really like the Raspberry
• 59:03
  line. You know, buy your $5,000,000
• 59:05
  house for two raspberries. Totally agree with that.
• 59:08
  No, it's a, it's a, it was a great rant.
• 59:09
  I, I, I totally agree with everything you said.
• 59:12
  I want to go into a little bit of what Kathy Wood was saying
• 59:17
  because I've been saying for a while, I don't believe in
• 59:19
  diminishing returns. And, and I said this before we
• 59:21
  saw gold run, before we fell silver run.
• 59:24
  It just made no sense to me on a very simple kind of heuristic.
• 59:28
  It's like there's not that many people buying Bitcoin, there's
• 59:31
  not that many people that use Bitcoin and I, I forget what the
• 59:34
  metric is, what the number is, but you know, estimates are
• 59:37
  somewhere between 3 and 5% of people globally use Bitcoin.
• 59:41
  I'm like you, you think we're gonna see diminishing returns
• 59:44
  when we still have like 95% of planet earth to get on, on
• 59:47
  Bitcoin? It's just like I, I think the S
• 59:50
  curve adoption is what Bitcoin is gonna do like other
• 59:52
  technologies. So I'd never believed in the.
• 59:55
  Diminishing returns. We got a new name and I want to
• 59:57
  talk. About the S curve, because it's
• 59:59
  a great talk. Simply raspberries.
• 1:00:00
  Simply raspberries. What do you think, Walker?
• 1:00:03
  I do love the Raspberries podcast.
• 1:00:05
  I love the fruit. I love the fruit and the band.
• 1:00:08
  The Raspberry podcast. I, I, I would, I would, I would
• 1:00:11
  watch that podcast every. Day.
• 1:00:12
  OK anyway, anyway. And now stop.
• 1:00:15
  You stop. Quit cutting me off.
• 1:00:17
  I got more to say here. You're against Bitcoin.
• 1:00:19
  Just stop, dude. All right, the other thing is I
• 1:00:27
  think Kathy Wood is bearish. I'm not gonna lie.
• 1:00:29
  I, I think 800K by 20-30 is bearish, especially when you see
• 1:00:34
  what happened in gold and silver.
• 1:00:36
  I, I think we could see a 10X in a matter of a year, not
• 1:00:40
  necessarily 8X in four years. Like what we're seeing in gold
• 1:00:43
  and silver to me is like diminishing returns.
• 1:00:45
  The meme is over. We're we're gonna see some
• 1:00:47
  gains. That's, that's my thing.
• 1:00:49
  That's my view on this SO. Before we move on to the next
• 1:00:51
  segment, we talk about the Bitcoin and podcast and Walker,
• 1:00:54
  what Walker's doing. I do want to bring up, I do want
• 1:00:58
  to bring up this question for you guys, kind of a thought,
• 1:01:01
  thought experiment, opt if you could pull this up the S curve,
• 1:01:06
  pull up the S the the adoption curve.
• 1:01:09
  And I, I want to hear your guys's thoughts on Rumble on
• 1:01:12
  YouTube, on X. Where are we on the S curve in
• 1:01:16
  terms of adoption? So the first part of the S curve
• 1:01:20
  is the innovators, right? There's a the, the so-called
• 1:01:22
  Bitcoin Ogs. The second part is the early
• 1:01:25
  adopters and then there's the early majority, then there's the
• 1:01:29
  late majority and then there's the laggards and blah, blah,
• 1:01:32
  blah, blah, blah. So that's kind of the question
• 1:01:34
  is like where are we in Bitcoin's adoption curve?
• 1:01:39
  Do you have it pulled up? I'm, I'm pulling it up.
• 1:01:41
  I'm I'm not getting good ones. They're, they're too small.
• 1:01:43
  So give me one second. So while Opti pulls it up, I
• 1:01:46
  want to pass it on to Walker. Walker, you've seen this, you
• 1:01:48
  know. It's made its rounds on Bitcoin
• 1:01:50
  Twitter 1000. There we go.
• 1:01:52
  Right, I got. It thank you, Sir.
• 1:01:54
  Where are we on the infamous adoption curve?
• 1:01:58
  Are we in the innovators, the early adopters, the early
• 1:02:02
  majority? Where are we?
• 1:02:04
  I think that if you go by the percentages of the S curve,
• 1:02:06
  we're actually still in the innovators and other people want
• 1:02:10
  to say 2.5, like what is it? 2.5%, right?
• 1:02:14
  Is what they say or yeah, 2.5% is what the S curve says should
• 1:02:18
  be the early innovators. By that metric.
• 1:02:20
  That is 100% where we are at, right?
• 1:02:23
  We're also not only from that the perspective of adoption, but
• 1:02:25
  if you actually look at just total capitalization of all the
• 1:02:28
  like assets in the world, right? We're at a tiny, tiny.
• 1:02:31
  We're at like 0, what, like 0 point or yeah, 0.2%, 0.25% maybe
• 1:02:36
  of all the assets in the world, there's like, you know,
• 1:02:38
  whatever, 1000 trillion dollars worth of assets in the world,
• 1:02:41
  Bitcoins less than two trillion. So now we're at like point 0.18%
• 1:02:46
  of the total assets in the world that is denominated in Bitcoin.
• 1:02:48
  Basically, that is nothing from an adoption standpoint.
• 1:02:51
  You're telling me that like if you go into a room of 100 random
• 1:02:54
  people that like anywhere in the world that more than two and a
• 1:02:57
  half of those peoples like to, you know, you, me and a Midget
• 1:03:00
  are going to have like be, have adopted Bitcoin?
• 1:03:02
  Like no, no, it's, it's, it's not the case.
• 1:03:05
  We are like still in the innovator space and that's why
• 1:03:08
  we're so early. But then, OK, I've answered the
• 1:03:10
  question, but I'm also going to reject the frame of it because I
• 1:03:12
  don't actually think that this applies to Bitcoin in the way
• 1:03:15
  that people think it is. This is like a technology
• 1:03:17
  adoption curve, right? It applies well to technology.
• 1:03:20
  You can look at Bitcoin as a technology, but we know that
• 1:03:23
  Bitcoin is so much more than just a technology.
• 1:03:25
  It's not an iPhone, it's not a microwave oven, it's not a
• 1:03:28
  dishwasher, right? It is something totally new.
• 1:03:31
  We don't know what it looks like when a technological money
• 1:03:35
  reprices the entire world. So we can put up these different
• 1:03:38
  graphs and everything, and they are somewhat illustrative.
• 1:03:40
  They're illustrated for showing how early we are are.
• 1:03:42
  But what I don't think people realize is that the absolute
• 1:03:46
  again, velocity of the take off that we're going to see, it's
• 1:03:49
  going to make the you know, the S curve look like just like
• 1:03:51
  this, this, this cute little, you know, cute little chart that
• 1:03:54
  like my 2 year old son could draw, right, like kind of with
• 1:03:56
  some loopy lines like that's ultimately what it is.
• 1:03:58
  So if we're going by the S curve, we are still in the
• 1:04:00
  innovators phase by all metrics, right?
• 1:04:03
  It doesn't matter. You may say we have ETFs, we
• 1:04:05
  have Bitcoin treasury companies, some nation states are buying.
• 1:04:08
  It doesn't matter. Look at the numbers.
• 1:04:10
  We are still in the innovators phase.
• 1:04:11
  Like they're like really very early in it, right?
• 1:04:14
  And then if you want to, you know, go the other way and
• 1:04:16
  reject the frame of it entirely. We don't actually know what this
• 1:04:19
  is going to look like. We don't know what it looks like
• 1:04:21
  when a completely novel form of money that is a one off, right,
• 1:04:24
  Bitcoin is a zero to 1 moment, right?
• 1:04:27
  There's before Bitcoin and there's after Bitcoin.
• 1:04:29
  We're only 17 years into this journey.
• 1:04:33
  We have no idea what this is going to look like, but I think
• 1:04:36
  we're all going to be kind of blown away.
• 1:04:38
  I think even the most bullish of us are going to be blown away
• 1:04:41
  because it is repricing the entire world in front of our
• 1:04:44
  eyes. The problem is people are just
• 1:04:45
  measuring with the wrong stick. They're measuring with the US
• 1:04:47
  dollar measuring stick usually or the Canadian moose shekel or
• 1:04:50
  the European compliance coin or whatever.
• 1:04:52
  You know, whatever they're measuring with, it's a bad
• 1:04:54
  measuring stick because it's always moving.
• 1:04:57
  You know, people give Samson MO a lot of grief for the whole
• 1:04:59
  Omega candle thing. Like, oh, where's the Omega
• 1:05:01
  candles now? Well, you know what, they just
• 1:05:03
  had multiple Omega candles in the Iranian real, right?
• 1:05:06
  They just, it just went up to one point, you know, like the US
• 1:05:09
  dollar had an Omega candle in the Iranian real, right?
• 1:05:13
  Bitcoin had like a a deca Omega candle in it, right?
• 1:05:17
  This is what happens as Fiat currencies fail, which they all
• 1:05:19
  do. They always will fail because
• 1:05:22
  when somebody, when a centralized group of unelected
• 1:05:24
  banker bureaucrats has the power of the printer, they will always
• 1:05:28
  print. They have that big red button,
• 1:05:30
  right? Like this is they will always
• 1:05:32
  print more money. They cannot help themselves
• 1:05:35
  because they have to keep kicking the can down the road.
• 1:05:38
  And the more they print, the more they dilute their own power
• 1:05:41
  as they steal from all of us through the silent tax
• 1:05:43
  inflation. But they also weaken themselves
• 1:05:46
  in the long run. The problem is that because
• 1:05:48
  technology is so hyper deflationary, TV's since the
• 1:05:51
  year 2000 have gotten like over 98% cheaper.
• 1:05:55
  In 26 years, TV's have got over 98% cheaper.
• 1:05:58
  Everything should be getting that much cheaper, but it isn't.
• 1:06:03
  Everything's getting more expensive forever because they
• 1:06:05
  are printing money faster than the rate of deflation.
• 1:06:07
  They have to print so much money to do that, and they must keep
• 1:06:11
  doing it because if technology is allowed to bring down the
• 1:06:13
  prices of everything, which it naturally should.
• 1:06:16
  Read Jeff Booth's The Price of Tomorrow if you're confused
• 1:06:18
  about this. Watch any of the many podcast
• 1:06:20
  appearances he's done on Simply Bitcoin on the Bitcoin Podcast,
• 1:06:23
  on any podcast. You will understand this.
• 1:06:26
  Everything should be getting cheaper forever, but it isn't
• 1:06:28
  because they are stealing from us by printing away the gains
• 1:06:31
  that technology should naturally be bringing to us in the form of
• 1:06:34
  our money buying more, but instead our money buys less.
• 1:06:37
  Unless you save in Bitcoin. So, Walker, if Bitcoin is not a
• 1:06:41
  technology, what is it then? You said it is so much more to
• 1:06:46
  find that. It's a money, it's a network, it
• 1:06:51
  is a system by which we can actually track the fruits of our
• 1:06:56
  labor, right? That we can actually save.
• 1:06:58
  Bitcoin is a savings technology and the most resilient network
• 1:07:03
  that we have ever seen. It's they've got the highest up
• 1:07:05
  time of any technological network we've ever seen.
• 1:07:09
  And we happen to have, you know, we've got uppercase B, we've got
• 1:07:11
  Bitcoin the network, we've got lowercase B Bitcoin the money,
• 1:07:15
  right? That money is a store value.
• 1:07:18
  It is a medium of exchange for some people.
• 1:07:19
  For myself it is. I know for you guys it is and
• 1:07:22
  for some people it's already a unit of account, right?
• 1:07:25
  I know you guys, you know, how do you, how do you denominate
• 1:07:27
  how well you're doing? You're not measuring it in Fiat,
• 1:07:29
  right? You're measuring in Bitcoin
• 1:07:30
  because that's the only measuring stick that makes
• 1:07:32
  sense. And so like Bitcoin as a full, a
• 1:07:36
  fully fledged money, as a store of value, medium exchange and
• 1:07:39
  unit of account, that future is already here right now.
• 1:07:42
  It's just not evenly distributed.
• 1:07:44
  So when I say Bitcoin's not just a technology, of course it's
• 1:07:46
  not. It'd be like if you know, like
• 1:07:48
  the if the if refrigeration as a technology, you know, which
• 1:07:52
  followed the typical S curve, right?
• 1:07:54
  If like refrigeration also somehow had like incorruptible,
• 1:07:57
  unsensible, unconfiscatable, sound money associated with the
• 1:08:00
  Freon that goes into the fridge, right?
• 1:08:02
  I don't even know. Like how you like, that's the
• 1:08:04
  thing you like. You can't draw the comparison.
• 1:08:05
  Like the applying the S curve to Bitcoin is like saying that
• 1:08:08
  Bitcoin is like a refrigerator. It's not.
• 1:08:11
  It's just purely not. So I you know what is Bitcoin?
• 1:08:15
  Bitcoin is money. Use it as money in whatever way
• 1:08:17
  that makes sense for you at wherever you are in that
• 1:08:19
  personal adoption of Bitcoin. For most, it starts with store
• 1:08:22
  value. In the West, at least in the
• 1:08:24
  global SA, lot of it starts with medium of exchange.
• 1:08:27
  But then it, you know, moves into medium of exchange more
• 1:08:29
  more thoroughly and then you denominate everything in Bitcoin
• 1:08:33
  because it's the only thing that makes sense.
• 1:08:36
  I like it. I like it.
• 1:08:38
  So it's a money, it's a commodity to medium of exchange.
• 1:08:41
  It's a it's a technology. It's a time travel machine.
• 1:08:45
  I'm just kidding. And it's sexy.
• 1:08:48
  So what then if the S curve wouldn't apply to it?
• 1:08:53
  What type of adoption metric would apply to this?
• 1:08:57
  A rocket ship exploding into space.
• 1:09:01
  You mean a rocket ship launching into space?
• 1:09:04
  Yeah. Whatever.
• 1:09:05
  Yeah, hopefully not. Not not the Voyager.
• 1:09:08
  That's not what I meant. Leaning Challenger.
• 1:09:10
  Oh my God. Wow, why you breathe that's so
• 1:09:12
  dark. What about what about all of
• 1:09:14
  Elon's rockets that you know, just.
• 1:09:17
  That hit the firmament. Oh boy, here we go.
• 1:09:22
  Guys, we're going to be right back after this small commercial
• 1:09:25
  break, and we're going to be talking about the Bitcoin
• 1:09:28
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  IO. Join today where Bitcoin meets
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  freedom. All right everybody, we are
• 1:11:28
  back. Ladies and gentlemen, if you
• 1:11:29
  guys are enjoying the show so far, thousands of people
• 1:11:32
  watching between YouTube Rumble and X, make sure to smash that
• 1:11:35
  like button. Opti's very hot, very hot dude.
• 1:11:39
  I'm sweating in here. We need to figure out the AC.
• 1:11:42
  It's either like it's either on but it sounds like a jet engine.
• 1:11:45
  It's either freezing. Or it's off and we are melting.
• 1:11:48
  Yes, it is. It is.
• 1:11:49
  It is South Florida after all. Any who, we got a special guest
• 1:11:54
  and dear friend of the show, Walker America on the show of
• 1:11:58
  the Silver podcast. Walker, I'm I'm so hyped to have
• 1:12:03
  you join us. You've been dropping bars, you
• 1:12:05
  know, throughout the show. I've been absolutely loving your
• 1:12:08
  commentary. What's going on, man?
• 1:12:11
  How do you feel heading into 2026?
• 1:12:14
  Do you believe the cycles are over?
• 1:12:16
  Do you think we're heading into uncharted territory?
• 1:12:19
  You and Opti were. I was just going to say, can we
• 1:12:21
  just, can we just bully Nico into being?
• 1:12:23
  Bullish. Yeah, I I was going to bring
• 1:12:24
  this up if you didn't. Yeah, yeah, go.
• 1:12:26
  Ahead, you got you and Opti were bullying me at the end of the at
• 1:12:29
  the end of last year, you guys were saying like, look, Nico,
• 1:12:31
  you're wrong. You should be bullish.
• 1:12:34
  We're heading into a bull market in 26.
• 1:12:36
  It's going to be fantastic. We're going to end up at $1.5
• 1:12:40
  million at the end of the year. You know, all the all of this
• 1:12:43
  good stuff. Has any of that changed?
• 1:12:46
  We're one month into the year already.
• 1:12:48
  Time flies. So 11 months left to go.
• 1:12:52
  How are you feeling on Bitcoin at the moment?
• 1:12:55
  I mean, I remain bullish. I, I think bitcoins just been in
• 1:12:58
  a bear market since it was created, invented, discovered,
• 1:13:02
  whatever you want to say. I think that what we're seeing,
• 1:13:04
  it looks like the, the Weimar Germany, you know, the, the
• 1:13:07
  price of the, the German mark during Weimar denominated in
• 1:13:11
  gold or gold denominated in the mark, right?
• 1:13:13
  It's just, it looks, you know, zigzagging up and down and up
• 1:13:16
  and down because we've again, this goes back to the problem of
• 1:13:19
  measuring things in Fiat. It's like, first of all, which
• 1:13:22
  Fiat? Well, usually U.S. dollars,
• 1:13:23
  right? But we mentioned earlier, if you
• 1:13:24
  measure it in Iranian real, it's like Bitcoin has gone absolutely
• 1:13:27
  parabolic. If you measure it in Turkish
• 1:13:29
  lira, bitcoins been going parabolic and had Omega candles
• 1:13:31
  for several years, right? If you measure it in Argentinian
• 1:13:34
  pesos or, you know, Venezuelan bolivars, whatever might be,
• 1:13:38
  it's been going parabolic, right?
• 1:13:40
  So the Fiat measuring stick is inherently flawed and you got to
• 1:13:43
  pick which one you want to use. I can't even tell you what the
• 1:13:45
  exchange rate is in Canadian moose shekels these days, but I
• 1:13:48
  I know it's, you know, it makes it look even more bullish,
• 1:13:50
  right? And one year is that I think for
• 1:13:53
  me, it's like the core thesis hasn't changed.
• 1:13:55
  I think it's really easy to get sucked into short term price
• 1:13:59
  movements because we're all human, right?
• 1:14:01
  We can't help it. And you can't help but know that
• 1:14:03
  like you just did a smash buy or whatever and then Bitcoin dumps
• 1:14:06
  a little bit and you're like, well, I could have bought, you
• 1:14:07
  know, this many more sats if I would have waited a little bit
• 1:14:10
  longer. And that is the right framing in
• 1:14:11
  terms of thinking about it in in sats, thinking about the
• 1:14:14
  opportunity cost in sats versus thinking about it in dollars.
• 1:14:16
  OK, you're on the right path there.
• 1:14:18
  But the problem is that we know that Bitcoin is not like a,
• 1:14:21
  what's it going to do tomorrow, what's going to do next week,
• 1:14:23
  next month, next year thing? It's a what's it going to do for
• 1:14:26
  8/12/20 years from now? That's what you really need to
• 1:14:30
  focus on. And yes, it does hurt sometimes
• 1:14:32
  when you see, you know, I mean, like I, you know, just just had
• 1:14:35
  my lovely wife say, you know, last night, looked at the price
• 1:14:37
  of gold and she's like, oh man, guess we should have bought some
• 1:14:39
  gold. And then I had to have a stern
• 1:14:41
  talking to with her words. So we don't say those words in
• 1:14:43
  this House, right? She.
• 1:14:45
  She. She she apologized shortly
• 1:14:47
  after. But like that's, that's how I
• 1:14:49
  know that we're reaching a point where there's about to, I think
• 1:14:52
  be a massive rotation. Now, I could be wrong, right?
• 1:14:55
  Maybe gold just keeps going up forever.
• 1:14:57
  Maybe gold miners don't massively increase their output
• 1:15:00
  to deal with this as they have every other time before.
• 1:15:03
  Maybe central banks don't manipulate the heck out of the
• 1:15:05
  gold price as they've done many many, many times.
• 1:15:07
  Maybe JP Morgan Chase traders don't manipulate the price of
• 1:15:10
  gold as they've done and been fined for before.
• 1:15:12
  So this is not slander or libel or whichever one it is when you
• 1:15:14
  speak and I can never remember. But and the point is that like
• 1:15:18
  everybody right now seems to like the vibes have been bad for
• 1:15:21
  a while in Bitcoin, right? This this whole past like past
• 1:15:24
  year, the vibes have been weird and it's like the they they feel
• 1:15:28
  weird because people are unnecessarily bearish by this.
• 1:15:32
  Even you Nico this, you know, back to what I was saying like
• 1:15:34
  I, I was shocked when when you got a little bit bearish, I was
• 1:15:37
  like, man, maybe, maybe I need to get a bit bearish.
• 1:15:40
  But then I remembered that you must have somehow been infected
• 1:15:43
  with a mind virus, something like that.
• 1:15:44
  There was something going on you you were being psyopped.
• 1:15:47
  And so I, I wasn't worried and Opti and I are going to pie you
• 1:15:49
  in the face at some point when Bitcoin starts ripping again.
• 1:15:52
  We're looking for. Holding you to that.
• 1:15:54
  We are holding you to it. I'm going to, I'm going to fly
• 1:15:56
  down to your studio there. We're going to do it, do it
• 1:15:58
  live, do it in person. But the end of the day, I think
• 1:16:00
  and Opti, I'd love your take on this, but my, my thesis hasn't
• 1:16:04
  changed. My, my approach hasn't changed.
• 1:16:06
  It continues to be, you know, that old adage of, you know, be
• 1:16:09
  be greedy when others are fearful.
• 1:16:11
  It's actually really good advice.
• 1:16:13
  And the last thing I'll say on this is that for me, it's like
• 1:16:15
  Bitcoin is Bitcoin is going to show us what happens when that
• 1:16:19
  old paradox, right? The the paradox of what happens
• 1:16:21
  when an unstoppable force meets an immovable object, Well, we
• 1:16:25
  haven't really had a way to test that that paradox before, right?
• 1:16:27
  But I think we do now with Bitcoin because the unstoppable
• 1:16:30
  force is infinite Fiat demand. And what is the immovable object
• 1:16:34
  that that is meeting? Well, it's meeting the
• 1:16:36
  completely finite, absolutely scarce Bitcoin supply of 21
• 1:16:41
  million. So what happens when that
• 1:16:42
  unstoppable force of infinite Fiat demand meets the immovable
• 1:16:45
  object of absolute finite Bitcoin at 21 million?
• 1:16:50
  I don't know, but I think it's going to go up and to the right
• 1:16:52
  and that's about as far as my technical analysis goes.
• 1:16:55
  Can you play the the pomp soundboard please?
• 1:17:01
  Rocket ship, get on board. Let's get after it relentlessly
• 1:17:05
  today, guys. No IA 100% agree man.
• 1:17:09
  I I think that once the market realizes bitcoins absolute
• 1:17:13
  scarcity it's game over. Like again, not to repeat
• 1:17:17
  myself, but that part where just sailor alone is buying all of
• 1:17:23
  the supply that all of the Bitcoin miners are mining.
• 1:17:26
  I mean, it's just a matter of time.
• 1:17:28
  It's just a matter of time. And the the longer Bitcoin
• 1:17:32
  consolidated around these prices, like the longer it goes
• 1:17:35
  sideways. The beach ball analogy is the
• 1:17:38
  best analogy for this. Eventually this thing's just
• 1:17:41
  going to go to the upside. And what I I don't hear a lot of
• 1:17:44
  people talk about enough in Bitcoin is that Bitcoin's
• 1:17:48
  success is binary. What does that mean?
• 1:17:50
  It literally goes to 0 or it goes up.
• 1:17:53
  It does not. It cannot and it does not stay
• 1:17:56
  the same. The halving ensures that the
• 1:17:58
  miners would go out of business. So the price goes up and, and
• 1:18:02
  canutes Van Holmes meme or equation, I think is super
• 1:18:06
  fitting, right? It's Infinity divided by 21
• 1:18:09
  million. That's, you know, the simple
• 1:18:11
  equation. So I, I think as long as
• 1:18:13
  governments continue to print money, you know, bitcoin's
• 1:18:17
  price, it's, it's going to go up, right?
• 1:18:20
  It's, it's just, it's simple maths.
• 1:18:22
  But another thing that I will say, Walker, I'll bring this up
• 1:18:24
  and again, not to throw some bearish, bearish juice on on
• 1:18:28
  this cause again, you've been you've been hitting all the
• 1:18:31
  points in gold terms. Bitcoin has still not made an
• 1:18:37
  all time art or barely made an all time high.
• 1:18:40
  Yeah. Well, in I was going to say in
• 1:18:41
  gold terms we are, we are pretty much in the bear market since
• 1:18:45
  like 2022 or something like that, 2023 I think.
• 1:18:50
  So, you know, in gold. 2024. Which is why I've been making
• 1:18:53
  the case for the rebrand, right? I know, I know that you gave,
• 1:18:56
  you know, your wife a talking, but the Gold podcast sounds
• 1:19:02
  fantastic. You know, Simply Gold sounds
• 1:19:04
  fantastic. Think about it, bro.
• 1:19:05
  We can get Birch Gold and you know, and all that stuff.
• 1:19:08
  I'm just kidding. It's all a joke.
• 1:19:09
  I'm joking, guys. You know, get a sense of humor.
• 1:19:12
  But in all seriousness. Dad jokes suck.
• 1:19:16
  Hey, man, I got, I got, I got 2, I got 2, I got two kids.
• 1:19:20
  Now they're the jokes are just going to get progressively
• 1:19:22
  worse. But.
• 1:19:23
  Congrats bro, I didn't get a chance to say to you live on
• 1:19:25
  cameraman, so happy for you guys.
• 1:19:27
  I appreciate it. I appreciate it, Walker.
• 1:19:31
  So I want to get your take on that because Bitcoin has still
• 1:19:34
  not made an all time high an update.
• 1:19:36
  If you want to pull up the chart so we can, you know, show a
• 1:19:38
  visual for the audience. Bitcoin has still not made an
• 1:19:41
  all time high against gold since 2021-2022.
• 1:19:47
  And this is the thing that Peter Schiff actually brought up to me
• 1:19:50
  when I saw him at the Bitcoin conference.
• 1:19:53
  We were just we were talking about it.
• 1:19:55
  We were like, hey, like why you keep taking the stance?
• 1:19:57
  And he's like, hey, Nico, you know what?
• 1:19:59
  You could say whatever you want, but.
• 1:20:00
  Gold hasn't made an all time high against Bitcoin.
• 1:20:04
  So I want to get your, your, your take on that man.
• 1:20:07
  That is that a temporary thing? What's going on, you know, is,
• 1:20:11
  is, is why is gold being perceived by the market as sound
• 1:20:16
  money where we all know that Bitcoin is the superior money?
• 1:20:22
  It's it's a great question. I think there's a couple of
• 1:20:23
  parts to it. The first is that gold like what
• 1:20:26
  is the one thing that gold has that Bitcoin doesn't?
• 1:20:29
  Well, it's a 5000 year history, right, 5000 year plus history.
• 1:20:32
  Like Bitcoin doesn't have that it's still very young.
• 1:20:34
  So people know gold, they're comfortable with gold.
• 1:20:37
  The you know, the, the boomer class, the world that has the
• 1:20:40
  majority of the wealth, they are comfortable with gold.
• 1:20:43
  They've known it. They were alive, but when we
• 1:20:44
  still had a gold standard, right?
• 1:20:45
  You know, they maybe they still think that that we do in some
• 1:20:48
  ways, I don't know, but people know gold.
• 1:20:50
  It's it's the you know, it's, it's the the comfortable thing
• 1:20:53
  for them. It's just it's it's predictable,
• 1:20:56
  it maintains its purchasing power.
• 1:20:57
  There's the and the old like, what is it like the fine suit
• 1:21:00
  index? It's like if you look at the
• 1:21:02
  price of a fine suit from, you know, 100 years ago, it was like
• 1:21:06
  an ounce of gold, like a nice tailored, you know, custom made
• 1:21:08
  suit made just for you. And if you go today, it's like
• 1:21:12
  the same price, right? It's like the, you know, an an
• 1:21:14
  ounce of gold, basically. It's basically gold has
• 1:21:16
  maintained its purchasing power over a very long period of time.
• 1:21:19
  And that's great. Gold is great at that.
• 1:21:21
  It is served as a really, really good money, as a check on
• 1:21:25
  government's mismanagement of Fiat currencies.
• 1:21:27
  The problem is that gold failed as an ultimate, you know, a
• 1:21:32
  backing of currency, right? It failed as a way to keep
• 1:21:34
  governments in check because gold is very inferior to Bitcoin
• 1:21:38
  when it comes to basically all of its other properties on its,
• 1:21:41
  on its, you know, scarcity side, right?
• 1:21:43
  Bitcoin is more scarce. It's absolutely finite on it,
• 1:21:46
  the ability to actually transport it around.
• 1:21:48
  Like, you can't do that on auditability.
• 1:21:50
  Well, it's really hard to audit gold, right?
• 1:21:52
  Like, do the central banks actually have gold in their
• 1:21:54
  vaults, or is it tungsten wrapped in some gold leafing?
• 1:21:56
  Right. Does Fort Knox have any gold at
• 1:21:58
  all? We don't know.
• 1:21:58
  That narrative kind of went away pretty quickly, even though we
• 1:22:00
  were apparently going to be seeing inside Fort Knox.
• 1:22:03
  Huh. Wonder what Donald Trump saw
• 1:22:04
  when he looked under the curtain there.
• 1:22:05
  We can say, but I'm guessing it wasn't a bunch of gold because
• 1:22:08
  otherwise he would have been bragging about it.
• 1:22:10
  OK, that said, again, I think this is gold is what people
• 1:22:14
  know. It's what they're comfortable
• 1:22:15
  with. You can't blame them for running
• 1:22:17
  to it in times of uncertainty because it's what they've always
• 1:22:19
  run to in times of uncertainty. The thing is though, that is
• 1:22:23
  your opportunity that that information asymmetry, the fact
• 1:22:28
  that still most people are asleep at the wheel when it
• 1:22:30
  comes to Bitcoin, is your opportunity.
• 1:22:33
  You should look at this as a good thing.
• 1:22:35
  This means that the vast majority of people in the world
• 1:22:37
  are bidding up gold and freaking silver instead of Bitcoin, even
• 1:22:41
  though anyone who has spent any time studying this knows all the
• 1:22:44
  different ways in which Bitcoin is superior.
• 1:22:46
  So what does that mean for you? It means that you still have
• 1:22:49
  time. You still have time.
• 1:22:50
  You still have alpha there right?
• 1:22:52
  In trader speak, I think they call it alpha, right?
• 1:22:54
  I don't know, but most people who talk about trading are
• 1:22:56
  generally betas. But that's, you know, just a
• 1:22:58
  just a different story. The point here, the point here,
• 1:23:01
  it's a little alpha beta joke. The point here is that that
• 1:23:05
  information asymmetry is your opportunity.
• 1:23:07
  That means you're not too late to Bitcoin.
• 1:23:09
  You are still early to Bitcoin because most people are still
• 1:23:12
  asleep at the wheel. So like, take that opportunity,
• 1:23:15
  view that as a good thing. I think we're going to look back
• 1:23:18
  in a few short years and certainly, you know, there's
• 1:23:20
  about 10 years, 20 years, it's going to be really obvious.
• 1:23:22
  But even in just a few years, let's go to Kathy Woods 2030
• 1:23:25
  prediction. I think you're going to look
• 1:23:27
  back at and when we get to 2030 and you're going to say either
• 1:23:30
  one of two things. I am so glad I listened to
• 1:23:34
  simply Bitcoin and I I was stacking Bitcoin as hard as I
• 1:23:38
  possibly could, creating value. Walker was absolutely right.
• 1:23:41
  Nikko was a little too bearish. Optian Walker pied Nikko in the
• 1:23:44
  face multiple times, but then he came around and we forgive him,
• 1:23:46
  but you're going to you're going to say I I'm so glad that I
• 1:23:48
  stacked while I could. I can't believe I got to buy
• 1:23:51
  Bitcoin under 100,000 infinitely printable US cock bucks per
• 1:23:54
  dollar for so long. Or you're going to say, Dang, I
• 1:24:00
  guess I should have been buying Bitcoin instead of piling into
• 1:24:03
  gold and silver at the top, but we'll see.
• 1:24:06
  Or you're going to say, you know, there's there's that old
• 1:24:08
  saying like, you know, some people make things happen.
• 1:24:10
  Some people watch things happen and some people, you know,
• 1:24:11
  wonder what happened. But make something happen for
• 1:24:14
  yourself. Don't be one of the other two.
• 1:24:16
  Amen to that, Walker. America in the house guys, go
• 1:24:21
  check out the Bitcoin podcast is available on YouTube, Spotify,
• 1:24:26
  all the podcasting platforms. You can find them on X as well.
• 1:24:29
  Walker America at Walker America go check out the Bitcoin
• 1:24:33
  podcast. Walker, thank you so much for
• 1:24:36
  joining us on the show today man.
• 1:24:38
  Always love your legendary ribs. Appreciate you bro.
• 1:24:41
  Love coming on here guys. Appreciate everything you do.
• 1:24:44
  And like again, if people are sitting here listening to Simply
• 1:24:46
  Bitcoin, you are still early. You are still in the tiny, tiny
• 1:24:50
  minority of innovators who are actually paying attention right
• 1:24:53
  now. So give yourself a pat in the
• 1:24:55
  back. Take these times where everyone
• 1:24:57
  else is bearish as an opportunity.
• 1:24:59
  You know something that they haven't yet understood and that
• 1:25:02
  is powerful. Beautiful ladies and gentlemen,
• 1:25:05
  if you guys enjoyed the show, you know what to do Smash that
• 1:25:06
  like button. Consider subscribing again on
• 1:25:09
  YouTube on Rumble on X Love you guys.
• 1:25:12
  Go outside, touch some grass, get some sun, and we'll see you
• 1:25:15
  tomorrow for a brand new episode of Simply Bitcoin Live.
• 1:25:19
  Today's episode was brought to you by bitcoinwell.com, a
• 1:25:22
  Bitcoin only platform on a mission to enable financial
• 1:25:25
  independence.