Latest / Simply Bitcoin / Michael Saylor: Bitcoin Will 10x From Here | EP 861
Transcript
- 0:06It's all. Going to zero against Bitcoin.
- 0:09It's going up forever. You're against Bitcoin.
- 0:19You're against freedom, yo. Welcome to another episode of
- 0:25Simply Bitcoin Live. You're number one source for the
- 0:26peaceful Bitcoin revolution, breaking news culture of
- 0:29magnetic warfare. We will be your guide through
- 0:30the separation of money and state.
- 0:32Michael Saylor literally saying the quiet part out loud.
- 0:35He's saying basically that Bitcoin will 10X from here.
- 0:41Now, there's a couple of things that he said needed to happen in
- 0:47order for for that to be achieved.
- 0:48But the important part here is that he didn't just say this on
- 0:53a Twitter Spaces, right, with a bunch of anons like listening
- 0:57that listening in. No, no, no.
- 0:59He said this on the legacy corporate media and he said, you
- 1:05know, Bitcoin will 10X from here.
- 1:07If these three things happen, or a couple of these things happen
- 1:1010X from 35K, where we're where we are currently sitting is
- 1:15$350,000 Bitcoin. That's a really big statement.
- 1:19But at the same time, I think he has the ability to say that
- 1:22because obviously his strategy, using Bitcoin as an alternative
- 1:29to holding dollars on his balance sheet clearly has
- 1:32worked. But what are those three things
- 1:35that he said needed to happen, Happen There needed to be a
- 1:38change in the accounting rules, the FASBE accounting rules,
- 1:42Check that off the list. That happened.
- 1:44That was a big deal when that news broke.
- 1:46The other thing he said needed to happen was that large banks
- 1:50needed to have the ability to custody Bitcoin for their
- 1:54institutional clients. Check that off the list.
- 1:57Multiple banks in the United States and Europe are applying
- 2:00for licenses in order to do that.
- 2:03And then the third thing he said needed to happen, which was the
- 2:07the approval of a spot Bitcoin ETF.
- 2:11So most three things have happened on Twitter spaces,
- 2:15which he didn't say this on the legacy corporate media.
- 2:17He said if those three things happened, we'd be going to $5
- 2:21million per coin. He wasn't as bullish on the
- 2:25legacy corporate media, but he still said 10X, which is a huge,
- 2:29huge jump from where we are now. So anyways, I thought that was
- 2:33super noteworthy and I think that guys, we are in the
- 2:37beginning of the next bull cycle.
- 2:41We are in the first, you know, first innings of it.
- 2:45I think we all feel it. We had a little bit of a tease
- 2:47when the price of Bitcoin went from 27 K to 35.
- 2:52I think it touched 26 and now it's been kind of hovering
- 2:55around this area. That was a massive candle,
- 2:58right? What was that like?
- 2:595-6 thousand dollars, $7000 in a day or two?
- 3:05All of Bitcoin? Twitter was losing their minds.
- 3:07If you've never experienced a full bull market cycle, that was
- 3:12a tease of what is to come, strap in, hold on, don't trade.
- 3:17Stay humble, Stack SAT. Stay solvent.
- 3:20Because we still have about, you know, a year and a half.
- 3:23Two years of this bull cycle left, and my intuition is
- 3:27telling me it's going to be a little bit crazy this year.
- 3:30There has never been a time in Bitcoin's history where the
- 3:33amount of Bitcoin on exchanges, it continues to go lower.
- 3:38And that wasn't the case last cycle.
- 3:40It it would it was trending up for a while.
- 3:42Now it's trending down, right? The hash rate continues to make
- 3:46all time highs. The hash rate represents the
- 3:49estimated amount of computational power actively
- 3:52mining the Bitcoin network, theoretically making it more
- 3:56secure, making it more difficult to attack, right?
- 3:59So theoretically, the higher the higher the value proposition in
- 4:02my opinion. So anyways, it looks like all
- 4:05the stars and planets are aligning, but I want to bring up
- 4:08Opti to talk to him about this because I think a lot of us are,
- 4:13you know, specifically the class of 20/17/2018.
- 4:16I think a lot of us have PTSD from the last cycle just because
- 4:22it was a bit of a tease bro. It was a bit of a tease.
- 4:25A lot of people had this expectation that Bitcoin was
- 4:30going to hit 100K and it fell way short of that.
- 4:35And I think American Huddle had this great thread over the the
- 4:40weekend. I was just about to mention it.
- 4:42Yeah, so he says. Bias is a mother effer.
- 4:45Last bull. We had two blind.
- 4:47We had two major blind spots. One.
- 4:50A hundred. A 100K guarantee, Two higher
- 4:53lows. In my opinion, the big blind
- 4:56spot this bull is quote diminishing returns.
- 5:00Many will sell far too much, far too soon.
- 5:03Imagine selling 100K only to watch it explode to 500 K
- 5:07shortly after. Pain right?
- 5:11And one thing. Wait, Literally attacking Nico.
- 5:13Love to see it. Shots on American auto.
- 5:15It's good, it's good, it's good because that was like the
- 5:19mainstream consensus. The mainstream consensus was
- 5:22100K guaranteed. And I think a lot of people were
- 5:24let down because of that. And now I think a lot of people
- 5:28have PTSDA, lot of people got like, you know, disillusioned so
- 5:32to speak. And I think people are
- 5:34expecting, you know, diminishing returns.
- 5:37That's what I've said. And I think that there is going
- 5:38to be some type of diminishing returns.
- 5:41But I also think that if the mainstream consensus is, you
- 5:46know, we're only going to reach 100 KA, 120KA130K Bitcoin, you
- 5:51know, Bitcoin tends to do the thing that everyone least
- 5:56expects, you know. So I would be pleasantly
- 5:58surprised. All I know is that I'm didn't
- 6:02read, never selling, don't care, just gonna just gonna keep
- 6:05stacking. So, you know, my feelings might
- 6:09feel a certain way, I might might might feel a certain way,
- 6:12but my actions are just huddle stack sats.
- 6:16You know, needs to keep building up that stack.
- 6:18That's it. Yeah, 100%.
- 6:20Obviously that is what we talk about here all the time on the
- 6:22show. And I also concur with American
- 6:24Huddle I I'm definitely seeing that same thing.
- 6:27And as much as we might believe in the wisdom of crowds.
- 6:32We know that Bitcoin does most pain.
- 6:35It's always Max Payne in Bitcoin and if everyone thinks
- 6:38diminishing returns and we're probably not going to see
- 6:41diminishing returns this cycle, I don't know.
- 6:43I I keep saying that we are maybe, but not really entering a
- 6:48super cycle type scenario. God, we're bringing back the
- 6:51Super. I gots too.
- 6:53I gots too. But no, I I really don't think
- 6:55it's super cycle. I just.
- 6:56I just. I see a perfect storm headed
- 6:59towards us and it's really about institutional adoption as
- 7:03Bitcoin does break that six figure number.
- 7:06The amount of FOMO we're going to see from retail, the amount
- 7:09of attention we're going to see from the corporate press, it's
- 7:12just like look what we did in 2017 when we got into it.
- 7:18And it wasn't nearly as big or as mature as it is now.
- 7:22So I don't know, I I'm just feeling that maybe we are wrong
- 7:27and we're all being conservative just because we all do have PTSD
- 7:30from calling ridiculous prices last cycle.
- 7:34And on the flip side, I feel like I'm taking crazy pills here
- 7:37because I remember like a 10% shift in one day wasn't God
- 7:41candles. And here we're calling it God
- 7:43candles just because we've had two years of getting absolutely
- 7:46kicked in the teeth. So I think it's going to be a
- 7:49great, great 2024 going to 2025. It's all I'm saying.
- 7:52It's all I'm saying. I think we have a little bit.
- 7:54I think, I think I, you know, I think we, we do have a little
- 7:58bit of PTSDI think that is undeniable.
- 8:01I think a lot of people had higher expectations for, you
- 8:05know, for the next cycle, but clearly that wasn't the case.
- 8:10But it doesn't matter. It doesn't matter.
- 8:12It doesn't matter. Stay humble.
- 8:14Stay solvent. Oh, Ruston's in the chaff.
- 8:16There was a setup for a super cycle.
- 8:17This is it. Oh.
- 8:18Ruston gets it. Ruston's ultra bullish by the
- 8:21way. Shout out to Ruston dropping Hot
- 8:23fire over the weekend. Wait oh wait wait, shouts out to
- 8:26everyone. We made it the 21 K on YouTube
- 8:30Wait, wait, wait, yeah, that means we're giving, we're,
- 8:32we're, we're doing giveaways. Yeah I'll, I'll, I'll handle it
- 8:35during the culture where the culture is for you guys today.
- 8:37OK, we're we are doing a giveaway.
- 8:39So we're. Doing a giveaway live for the
- 8:41yeah yeah yeah but I also I have to kind of add some context to
- 8:46the rest of the giveaways. We're doing 1 giveaway today.
- 8:48And then and then I'll. I'll tell you guys the rest, OK?
- 8:52OK, Awesome. I'm so excited.
- 8:54It's going to be a great show. Guys.
- 8:56Buckle up. Let's get it.
- 8:57Let's get it rolling. Let's do it.
- 8:59Everybody, let's Let's get it. Let's get to the numbers, the
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- 10:24Bitcoin price is 34,960 SATS per dollar 2860 block height 815,594
- 10:36blocks to having 24,406 having estimate April 20th, 2024.
- 10:44Total Lightning Network capacity 5317 Bitcoin capacity value
- 10:51185,000,000 U.S. dollars. Realized monetary inflation
- 10:561.74% Continuing to take Fiat currencies to absolute school.
- 11:02The market capitalization of Bitcoin $683 billion.
- 11:07That's a billion with AB Bitcoin versus gold market cap 5.16%.
- 11:14All right, ladies and gentlemen, this is the Chad Sailor on
- 11:17legacy corporate me on Squawk on it's Squawk box.
- 11:21I think it's the name of the show on CNNBC and he had some
- 11:26things to say which I find interesting.
- 11:28Let's check it out. For the industry to move to the
- 11:29next, we need to migrate to adult supervision.
- 11:34We're going to need big banks to become the crypto custodians.
- 11:37We're going to need Wall Street to take a role and we need to
- 11:41rationalize away from the 100,000 crypto tokens, you know
- 11:46yo-yo coins that people are manipulating to Bitcoin.
- 11:51Bitcoin is a is an asset without an issuer.
- 11:54It is the one universally recognized protocol that's a
- 11:58commodity in the space. So when banks on Wall Street and
- 12:02responsible custodians are managing Bitcoin and the
- 12:06industry takes its eyes away from all of the shiny little
- 12:10tokens that have distracted and and demolished shareholder
- 12:14value, I think the industry moves to the next level and we
- 12:1710X from here for the industry. I mean, that's a huge statement.
- 12:22It's obviously a lot more reserved than what he was saying
- 12:26on Twitter Spaces. But there is a couple of things
- 12:29that he said needed to happen. And we're gonna go through all
- 12:31of those things because when he said that on Twitter spaces,
- 12:34when he's saying this on on, you know, on TV.
- 12:37And I'm sure that this is a very unpopular opinion with a lot of
- 12:40bitcoiners, right, Because he's saying, look, the grown-ups need
- 12:43to get in the room, You know, Wall Street needs to get
- 12:45involved. The big banks need to get
- 12:47involved. And here's the thing, guys.
- 12:51I come from the opinion as a hardcore bitcoiner myself that
- 12:56yeah, like, you know, Bitcoin is the money event of enemies.
- 13:00Wall Street is going to be attracted to Bitcoin's
- 13:03incentives. Big banks are going to be
- 13:05attracted to Bitcoin's incentives.
- 13:07BlackRock is going to be attracted to Bitcoin's
- 13:10incentives. But there's a very famous saying
- 13:12that Max Keiser is known for, right?
- 13:14Which is you don't change Bitcoin, Bitcoin changes you,
- 13:18right? And I think that that, I think
- 13:20that applies to everything and everyone, right?
- 13:24I, I, I just don't think that only applies to individuals.
- 13:29But I think Sailor is right. If you do have that much
- 13:32interest from these massive players you know that are worth
- 13:37trillions of trillions, trillions of dollars, it
- 13:39perfectly makes sense why Bitcoin with 10X from there,
- 13:43right? Makes perfect sense.
- 13:45Anyways, so where are, what are the what are the The couple of
- 13:50things that Sailor said needed to happen.
- 13:53First was the change in the FASB accounting roles.
- 13:59And that was a big deal because essentially a company could only
- 14:05report if it had gains to the upside.
- 14:11But it couldn't report that it had gains to the downside.
- 14:16And that was a huge that made it a big headache for anyone
- 14:20holding Bitcoin, especially if you're a public company.
- 14:22That changed. That was September 6th.
- 14:25That was a huge deal when that happened, and we reported it
- 14:27when it happened. The other thing that he
- 14:29mentioned, which was big banks needed to have the ability to
- 14:35custody Bitcoin for their clients.
- 14:38This has happened as well. You could check that off.
- 14:41The list here is just the latest example.
- 14:44This article dropped five hours ago, third largest German bank
- 14:48to start crypto custody for institutional investors, right.
- 14:52So it's banks all over the world, in Europe and the United
- 14:54States. We've covered many, many press
- 14:57releases and many pieces of news that, you know, have reported
- 15:00just that. And then the other big thing
- 15:03that I think everyone is waiting for is the Black Rock Bitcoin
- 15:06ETF. You can make the case that
- 15:09that's the reason that Bitcoin pumped from 28K to 35K under the
- 15:14expectation that that was going to get approved very, very soon
- 15:19and very, very quickly, right. So those are the three major
- 15:23things. And look, talk is cheap.
- 15:25You could say that what sailors saying is just, you know, it's
- 15:29it's just a bunch of nonsense. But he is covering his talk with
- 15:34his actions. Here is November 2nd, so about
- 15:383-4 days ago. MicroStrategy buys an additional
- 15:42155 more Bitcoin in October. So he's putting his money where
- 15:48his mouth is. Like he's not just talking the
- 15:50talk, he's walking the walk. And you know, I'm, I'm extremely
- 15:55bullish for the next cycle because unlike 2018, unlike 2019
- 16:02where that was the big narrative, the institutions are
- 16:04coming. That was how we coped with the
- 16:06price falling from 20K to 35 to 3.5 K Clearly the institutions
- 16:13are here and I think they're here to stay.
- 16:16And I think you see that with BlackRock, you see that with
- 16:21Fidelity, you see that with Franklin Templeton, you see that
- 16:25with these large institutional banks saying, hey, we want to
- 16:28custody Bitcoin, like all the signs are there, all the signs
- 16:33are there. It's it's incredibly obvious.
- 16:35BlackRock is one of the largest shareholders of all these
- 16:40publicly traded Bitcoin mining companies, right.
- 16:43You see it, it's, it's, it's written on the wall.
- 16:46Not to mention on the nation state level you have Naimbu Kele
- 16:50Yeah I am. I completely agree with Sailor.
- 16:54I think that it's an easy 10X from here.
- 16:56I'm I'm going on the record saying that Opti cuz yeah man,
- 17:00it's it's just it's it's incredibly obvious dude to be
- 17:04honest. Well, what's what's the saying?
- 17:07You can either predict. How high the price goes or or
- 17:11when the price goes up? I I forget what the what the
- 17:13meme is, but so I say that to say Nico, at what time frame is
- 17:17this 10X for you? I don't know.
- 17:18I don't know. I can't say that.
- 17:21See. Literally the meme in real time.
- 17:23I'll. I'll tell you it's going up.
- 17:24I just can't tell you what. I know it's going up.
- 17:26I just don't know. I just don't know.
- 17:28Look I I like I said that I that's why I read you that
- 17:31American huddle tweet in the very beginning.
- 17:33I'm a bit jaded from the last bull market.
- 17:35I don't know. You know, if it does, like you
- 17:39know, American huddle said it best.
- 17:40People are expecting 130 K Bitcoin and then this bad boy
- 17:44rips the 500 K Bitcoin like no one fucking knows.
- 17:48I mean what 10X from 35 K? What's that like 350K?
- 17:53Yeah. OK, you know, I don't know what
- 17:55sailor's time frame is either, but if he's saying 10X in this
- 17:58bull run, let's go, OK? Giga.
- 18:01Chad Saylor. I don't know.
- 18:03I don't know what his time frame is.
- 18:04I don't think anyone could be. Wait, wait.
- 18:06Hold on. Hold on.
- 18:08Opti's wisdom for the crowd. My super cycle.
- 18:10Let's fucking go. Go.
- 18:11So in the space of 5 minutes, Nico went from No Super Cycle 2.
- 18:15It's a super cycle. Hold on, Hold on, hold on, hold
- 18:19on is a 10 XA super cycle. I wouldn't consider it.
- 18:22A super cycle, I don't think. I think super cycle is the idea
- 18:26that it's never going to come down.
- 18:27There won't ever be dips again. Yeah, like I I don't think a 10X
- 18:31is a super cycle. People forget like 2017.
- 18:34That was like a that was more than A20I.
- 18:36Think that was a 20X? Yeah, from 1K to 20, you know
- 18:40that was in 2017. But from the bottom to the top,
- 18:43like it was like a 40X. It was nuts, right?
- 18:47Fact Check us No, no, no dude. It went from like it went from
- 18:51like 3, four, $500 to 20 K That's way more than.
- 18:55Oh, yeah. OK, OK.
- 18:56I see what you're saying. Yeah, it's way more than 20X.
- 18:58And then the last cycle, I think it was like a like.
- 19:01It went from literally nothing to $1000.
- 19:05Yeah, yeah. And then the last cycle, I think
- 19:07the last cycle was a bit of a let down 'cause I think a lot of
- 19:09people were expecting more, but there's a couple of things that
- 19:13played into that. The first thing was the China
- 19:15ban that happened, which a lot of people don't talk about and
- 19:20it's OK to be directionally correct.
- 19:21That's funny. Thanks, Bart, But no, no, no.
- 19:26So there's a couple things that happened.
- 19:27So first it was the China ban, in my opinion, played a huge
- 19:31role and why we then hit 100K, it like took the momentum out of
- 19:36it. And then the other thing that
- 19:38happened was, I can't stay serious if you're just laughing.
- 19:43And then there's a great comment here.
- 19:45What is this? Simply bears?
- 19:47OK, And then the other thing that happened was it was the
- 19:51China ban. And then it was all like the FTX
- 19:54selling paper Bitcoin. And all, yeah, I think that's
- 19:56the biggest thing. People forget just how much
- 19:58paper Bitcoin there really was in the market and we didn't
- 20:00realize it until what like four years later or something like
- 20:05that. So maybe the 2017 pump was was
- 20:09kind of lifted with paper Bitcoin, but it it took the bear
- 20:12market to. To clear it out Anyways,
- 20:14anyways, let me let me get back into this this this video here
- 20:17real quick before Nico Nico rants about something else about
- 20:21him being bearish on a super cycle.
- 20:24Nico's bearish. Nico's bearish hashtag.
- 20:27Nico's bearish. I I hope to be proven wrong.
- 20:30I'm taking the Vikingo stance where he's like, bro, this isn't
- 20:33going anywhere. Like we're just gonna we're
- 20:36gonna hit 100K and that's it. I wanna be proven wrong.
- 20:40Either ways, it doesn't matter to me because I don't trade.
- 20:43I just stay humble, stack sats, perfect.
- 20:45But I have. I have low expectations.
- 20:47I'm not gonna lie, I have low expectations.
- 20:49Love it. OK, all right.
- 20:51You know, I think I'm going to say what every bitcoiner is
- 20:54probably thinking when they hear this clip by Sailor.
- 20:58I don't know exactly how I feel about that opening statement of
- 21:01we need the adults, you know, the banks in the space to
- 21:04custody, Bitcoin. Maybe this is just my knee jerk.
- 21:07I know, I know. Maybe this is just my knee jerk
- 21:09reaction. But you know, from my vantage
- 21:12point, it's the banks are the reason why we're in this
- 21:14position in the 1st place. So the big short quote kind of
- 21:17comes into mind at the very end of that movie.
- 21:19I'm sure everyone's watched a big short multiple Times Now.
- 21:22By now you know the the the what's the what's the saying
- 21:27like the the Roosters come home to crow or roost or whatever.
- 21:30You know at the very end when the when the final shoe drops.
- 21:34Adam Carell, I think his name is like the main guy in the head of
- 21:38the fun. He's on the phone with his buddy
- 21:40and he's like I think it's now, now the time to sell like this
- 21:43is we got we got a fiduciary responsibility and he basically
- 21:48said at the very end of the movie and this of course is a
- 21:502008 financial collapse and he's like there are no adults in the
- 21:53room like the the this is what we've seen in the last, you
- 21:57know, since the financial collapse.
- 21:58Like there is no adults in the room, there is no sober
- 22:01fiduciary responsibility. They are gambling with their
- 22:04money and but I do agree with the sentiment of separating the
- 22:10yo-yo coins from Bitcoin and that will squeeze the price up.
- 22:15You know, incredible. And once people understand the
- 22:17difference between Bitcoin and shit coins like that, Bitcoin is
- 22:21a different beast. That bull run, that when that
- 22:24cycle and that understanding finally does kick in like that
- 22:26bull run is going to be absolutely insane.
- 22:29But I think this does really give credence to what we've been
- 22:32saying on the show and what I've been saying recently ever since
- 22:35we've we've, you know, all of our cynical friends out there,
- 22:38like, uh, we're embracing BlackRock now.
- 22:40It's like guys, this is Bitcoin maturing in real time.
- 22:42I'm gonna stick to what I I'm gonna stick to what I said, bro.
- 22:46I think. That you don't change Bitcoin.
- 22:48Bitcoin changes you. Yeah, 100%.
- 22:50I I'm going to, and that's what I was going to say.
- 22:52And I was going to double down on that.
- 22:53I was going to double down on that because like if Bitcoin
- 22:56can't withstand the institutional adoption, then
- 22:58like, what are we doing here? Because we we knew that this
- 23:01moment was inevitable. And it really reminds me of how
- 23:04Finney shouts out to the GOAT, how Finney, he did that one
- 23:06post. I think it was like 20, like
- 23:09right when Bitcoin got released. It's on Bitcoin talk forum.
- 23:11You guys could Fact Check me on the date, but he basically said
- 23:15that some banks will be fully reserved and others won't and
- 23:17the market will learn The less the necessary lessons you know
- 23:21in real time they'll understand what it means to, you know,
- 23:24fully hold Bitcoin or rather letting someone else hold your
- 23:29Bitcoin. So the market will learn these
- 23:31lessons and eventually it will all go back to people fully
- 23:38holding and custodying their own Bitcoin.
- 23:40Hence why we tell you guys upfront from the very beginning,
- 23:43from the very get go custodying Bitcoin is the most important
- 23:47thing to be doing. And you know I believe that a
- 23:52fractional reserve money and banks are the reason why we're
- 23:56in this place in the first 1st place.
- 23:58So hence why I embrace every single one of you guys custom
- 24:02your Bitcoin. Make sure you are holding the
- 24:04private keys, not your keys, not your Bitcoin.
- 24:06Stay humble, stacks at stay solvent.
- 24:07Who knows where the price is going.
- 24:08All we know it's going up forever, Laura.
- 24:10Let us know. Let us know in the comment.
- 24:12Actually, Opti, let's release a poll.
- 24:14Let's release a poll. Let's make this interactive.
- 24:17Let's the poll is do you believe that Bitcoin will reach 350K?
- 24:23We're speculating 2025 Bull cycle.
- 24:26Yeah, fuck it. I'm not saying anything.
- 24:30You're not saying anything. I just, I wanna ask the crowd.
- 24:33You guys know that I'm a bit bull a bearish here, but I like
- 24:36American, Huddle pointed out. Right.
- 24:38That's the blind spot. But let's ask the audience.
- 24:42Let's ask the audience to see what that's live.
- 24:45Okay, we're dropping the pole. We'll touch on it.
- 24:49We'll touch it during the meme review.
- 24:51They're in the meme review or they're in the culture.
- 24:54We'll see what the culture might be a little.
- 24:56But yeah, I mean, I don't know. I don't know.
- 25:01I honestly don't know. I have 0 expectations for this.
- 25:04I had a lot of expectations for 100K, Bitcoin 2020, Two.
- 25:07We're such jaded bitcoiners now. We're like the old guys in the
- 25:11room. Now I'm.
- 25:12Slowly been around for so long but it's hey, we know this,
- 25:15this. It's going up forever Laura.
- 25:18This is true. This is true.
- 25:20Anyways guys, if you're enjoying the show, make sure to smash
- 25:23that like button. Really helps with the YouTube
- 25:24algos and shout out to our Rumble audience.
- 25:27It keeps growing. So shout out to everyone
- 25:29watching us on Rumble. We love you guys, we appreciate
- 25:31you guys and I'm Speaking of Rumble.
- 25:35Utxo in the Rumble chat says I give it a 60% chance that
- 25:39Bitcoin Bitcoin. In U.S. dollar terms will reach
- 25:44350,000 by 2025. So we we got some bulls in the
- 25:49rumble chat. Wait I forgot to give super
- 25:51cycle option. So do do option C super cycle.
- 25:58And of course, shout out to everyone watching us on Twitter.
- 26:00For whatever reason, if you can't find us on YouTube, you
- 26:03can find us on Rumble and Twitter alternative video
- 26:06platforms. Anyways guys, before we move on
- 26:09to the news segment, I want to give a shout out to our sponsor,
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- 27:02your tickets to Bitcoin 2024. All right everybody, let's hit
- 27:08the news. We got a lot to talk about
- 27:10today. Let's check it out, The Daily
- 27:15News. I want to give a shout out to
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- 28:31not your Bitcoin. Get yourself a Bitcoin hardware
- 28:33wallet and it's simply Bitcoin. Re recommend the Passport by
- 28:38foundation devices. All right everybody.
- 28:41So the big news is we're going to talk about the Better flag
- 28:46theory. What is the Better Flag Theory?
- 28:48The Better Flag Theory is a theory.
- 28:51That essentially and also it was talked a little bit about during
- 28:55the book the sovereign individual.
- 28:56But it's basically the general gist of it is this idea that
- 29:00people and businesses are going to flock to where they're
- 29:05treated best. And that over time what that was
- 29:09going to do, it was going to create competition between
- 29:13jurisdictions and when competition is created between
- 29:18jurisdictions you? The sovereign individual wins
- 29:22because you're gonna get to pick and choose where you want to
- 29:26live and where you want to set up, right?
- 29:29Because it makes sense. Like Opti and I have talked
- 29:33about this many, many times. We say it jokingly, but at the
- 29:36same time we're very seriously, we're very serious and we say
- 29:39look, if all else fails. We're probably going to move to
- 29:42El Salvador and set up shop in El Salvador.
- 29:45It's very, very attractive, right, especially with the, you
- 29:48know, the, the laws that they passed basically exempting, you
- 29:51know, tech businesses from income tax, right.
- 29:55It's, you know, and and this is you're going to see more of this
- 29:58and you see a little bit of this happening in the US.
- 30:02Because of the sovereignty of the individual states, right?
- 30:05So when California and New York were very, very hard on
- 30:09businesses during the pandemic, you saw a massive exodus of
- 30:14people fleeing from New York and California going to Texas and
- 30:18Florida, right? When other states are hostile to
- 30:21Bitcoin mining, like New York State, Texas is becoming
- 30:25incredibly friendly towards Bitcoin mining, right?
- 30:28And that creates competition, right?
- 30:30And then competition. Is a good thing for you as an
- 30:34individual. You want jurisdictions to
- 30:36compete for your business, right?
- 30:37That's how you that's how you win personally.
- 30:40So anyways, I thought this was really interesting.
- 30:42Here is Steven Loca. He is the head of Swan private
- 30:44at Swan Bitcoin and he said China may pursue a spot Bitcoin
- 30:49ETF to compete with BlackRock. Here's Arthur Hayes.
- 30:53Arthur Hayes is the founder the Co founder of Bit Mex and he
- 30:57says competition is amazing. If the US has its proxy asset
- 31:03manager BlackRock launching an ETF, China needs its proxy asset
- 31:08manager to launch one too. the US versus China economic war is
- 31:12great for Bitcoin. And remember, we've covered this
- 31:16many times with the complete 180 that happened when right China
- 31:24banned Bitcoin mining. And then a couple months later
- 31:29you started to see this news coming out of Hong Kong.
- 31:33How Hong Kong was planning to become this so-called crypto hub
- 31:38and remember it? Apparently it's, you know, one
- 31:42country, two systems. But Hong Kong is completely
- 31:47controlled by the CCP, right? Which is the ruling party of the
- 31:50of mainland China. So anything that happens in Hong
- 31:54Kong needs a stamp of approval from the CCP.
- 31:59But what's really interesting is that because it's Hong Kong is
- 32:02isolated from the rest of the rest of the mainland, it's like
- 32:05they're using it like this, like this bridge to the West, this
- 32:10bridge to the rest of the world, right.
- 32:12They can keep their populace under control in the mainland,
- 32:15and they could use Hong Kong as this experimentation ground,
- 32:18right? Which I I find very, very
- 32:20interesting. And I think Arthur Hayes hit the
- 32:23nail on the head, right, If the US has its proxy asset manager,
- 32:27BlackRock, right, it's a very strong statement.
- 32:29But I agree with it. China needs its proxy asset
- 32:33manager to launch one too, right?
- 32:35And I kept saying this, guys, when this is happening,
- 32:38everybody wins. In this case, when this happens,
- 32:42everybody wins. Anyways, moving on to the actual
- 32:45news. Here it is by Bloomberg Hong
- 32:48Kong mulls allowing spot crypto ETFs in pursuit of Asia hub.
- 32:53It goes on to say Hong Kong is assessing whether to allow
- 32:56Exchange Traded funds that invest directly in crypto as
- 32:59officials set up steps to create an Asia Pacific Digital Asset
- 33:03Hub. While tackling the fallout of
- 33:06the JPX scandal. The city is weighing retail
- 33:09investor access to such spot ETFs, providing regulatory
- 33:13concern. Concerns are met.
- 33:16It goes on to say, quote we welcome proposals using
- 33:19innovative technology that boosts efficiency and customer
- 33:22experience. It goes on to say we're happy to
- 33:25give it a try as long as new risks are addressed.
- 33:28Our approach is consistent regardless of the asset.
- 33:31The crypto sector sees ETFs as a way of making digital assets
- 33:35more mainstream since the funds are readily available to a
- 33:38variety of investors. Bitcoin has surged 110% this
- 33:42year, partly on expectations at the likes of Black Rock.
- 33:45Will soon win permission to start the first US spot ETS for
- 33:49the token ETF Outlook. Both Hong Kong and the US are
- 33:53currently allowing future based crypto ETFs, but the take up has
- 33:57been modest compared to the overall size of the fund
- 34:00industry. The Asian city currently lists
- 34:03the Samsung Bitcoin Futures Active, the CSOP Bitcoin Futures
- 34:08and the CSOP Ethers Futures. They have a combined they have
- 34:13combined assets of about $65 million.
- 34:16Just how pop spot funds will be is an open question following
- 34:20the digital following, the 2022 digital asset route and the
- 34:24conviction of SPF for the multibillion dollar FTX fraud
- 34:29which damages Crypto's reputation.
- 34:31I agree with that statement. I think it definitely damages
- 34:34Crypto's reputation, but I don't think it damages Bitcoin's
- 34:38reputation. Bitcoin is not crypto.
- 34:41It goes on to say Hong Kong rolled out a dedicated virtual
- 34:44asset regulatory framework in June, part of an effort to
- 34:47restore its luster as a cutting edge financial center.
- 34:51The rules seek to woo companies but also focus on investor
- 34:55protection, a need underlined by the alleged Hong Kong $1.6
- 35:00billion fraud. That recently erupted in the
- 35:03city at an unlicensed JPX crypto exchange quote.
- 35:06The incident underscores A requirement for robust,
- 35:09comprehensive regulatory framework.
- 35:11The SFC has enhanced transparency over applications
- 35:15for Virtual Asset Exchange license.
- 35:18So anyways, I think the point is made.
- 35:21This is awesome. You're seeing the bag theory
- 35:24play out in real time, and you know when jurisdictions compete.
- 35:30Or your business, they compete for you to come and set up shop
- 35:34where they are so that they can benefit from the tax revenue you
- 35:38win as an individual. Now this was all predicted back
- 35:42in the 90s in the book that I highly recommend and I talk
- 35:45about every single show in the book, the sovereign individual,
- 35:49this is what they were talking about.
- 35:52When jurisdictions compete for your business, you win.
- 35:56So more of this. This is a good thing.
- 35:59And I love the way that Arthur Hayes framed it because I think
- 36:03it was the most effective way. I think it was the best way,
- 36:06right When different jurisdictions, when if the US
- 36:12has its proxy manager, BlackRock, China needs one as
- 36:16well, right? He's just, you know, he's he's
- 36:20taking out the veneer. He's taking out the bullshit.
- 36:22He's he's speaking it as it, you know, like it is.
- 36:26So yeah, man, this is this is pretty crazy.
- 36:29Now, a couple things right, 'cause we are a Bitcoin show
- 36:32after all. I think a lot of Bitcoiners are
- 36:34very skeptical of of of, you know, of these ETFs.
- 36:39Rightly, rightly so. But I'm gonna keep doubling down
- 36:44on that Max quote because I think it is the most, it is the
- 36:48most, is the most appropriate here.
- 36:51I think a lot of Bitcoiners think that BlackRock is gonna
- 36:53change Bitcoin. I think it's going to be Bitcoin
- 36:56that changes BlackRock and I think that a lot of the, you
- 37:00know, so-called evil actions that you see about you see from
- 37:05these giant institutions, whether you know it's BlackRock,
- 37:09the World Economic Forum, the World Bank, the IMF.
- 37:14It's not necessarily that these people are inherently evil.
- 37:17I think that they're paying their mortgages off as well too.
- 37:20I think you know inflation infects effects them as well.
- 37:24I just genuinely think that they think they're doing what's best
- 37:27for everybody else. And I think that the incentive
- 37:29structure is misaligned. And as long as the incentive
- 37:32structure is misaligned, they're just acting out of their own,
- 37:36out of their own self-interest. But their own self-interest is
- 37:40to really just hurt everybody else so that they could benefit
- 37:43themselves. Under Bitcoin Standard, you
- 37:46acting out of your own self-interest actually makes the
- 37:48Bitcoin network stronger, and in the process, it makes Bitcoin
- 37:52more valuable. And everybody wins, right.
- 37:55And I think it's very, very difficult to imagine from within
- 37:58the Fiat matrix how a world can exist where every, every facet
- 38:05of society is just acting out of their own self-interest and it's
- 38:09helping everybody else. I think it's very, very, it's
- 38:11very difficult to imagine from our perspective, but we do have
- 38:17a case study. We do have a case study.
- 38:19It's no longer theoretical, which is El Salvador, right?
- 38:22You have a country that fixed the base layer of society.
- 38:26And I don't think it's a coincidence that they have the
- 38:31most popular president in the Americas.
- 38:33You have President Naimbu Kelly over a 90% approval rating.
- 38:36I don't think it's a coincidence that the country that made
- 38:39Bitcoin legal tender, the president of that country has
- 38:43that level of approval rating. I don't think that's a
- 38:46coincidence. I think that.
- 38:47We El Salvador is an example of a society who's fixed their
- 38:52incentive structure and a society who's slowly
- 38:55transitioning completely to a sound money standard.
- 38:59And of course you're going to get the beneficial effects of
- 39:01that. Just like it's affected my life,
- 39:04just like just like it's affected Opti's life.
- 39:07Just like it's benefiting Chad Saylor who's you know, basically
- 39:12saying bitcoins going to 10X on on mainstream media.
- 39:16So yeah, man, that's my take on this, Opti.
- 39:18Where's your mind at? Yeah.
- 39:22So one second. Not only are we seeing the
- 39:28Better Flag Theory play out like you're mentioning, we're seeing
- 39:32kind of that meme that safety and always talks about that you
- 39:36cannot isolate yourself from the consequences of holding bad
- 39:39money. Or rather, in the flip side, the
- 39:41hard money game is a global phenomenon.
- 39:44And I had this thought this morning, or rather I think it
- 39:46was last night when I saw that this news kind of popped off on
- 39:49Twitter. I know simply Bitcoin, you know,
- 39:52Nico and I, we we are kind of America first because we are
- 39:55Americans. So we kind of always view this
- 39:57through an American lens. But Bitcoin is global and.
- 40:01It's very easy for us to forget that.
- 40:03But this hard money game, the Bitcoin game, the Bitcoin
- 40:06monetary experiment is a global phenomenon.
- 40:09And as much as we do cover what's going around the world,
- 40:13we we try to be as global as possible and we cover things
- 40:17that are happening in Bitcoin everywhere around the world.
- 40:20It is kind of easy for us to always view this through an
- 40:24American centric lens. And so, you know, in that
- 40:27context, it's awesome to see that we are seeing the
- 40:31competitions of hard money being played out.
- 40:33You know, the game theory of Bitcoin being played out on a
- 40:36geopolitical level, on on the nation state level and you know
- 40:40the US as much as they're trying and and let's connect this with
- 40:44what we've been seeing the last couple of weeks coming out of
- 40:46the bureaucrats and the central bankers and the Fed.
- 40:48You know, as much as the US is trying to fight Bitcoin, you
- 40:51know, we got Elizabeth Warren out there painting us all as
- 40:54criminals and doing whatever she can to basically gaslight the
- 40:58individuals out there from not embracing Bitcoin.
- 41:01And and rather, you know, scaring legislation and and
- 41:04regulation, you know, The Dirty words away from treating Bitcoin
- 41:08properly. the US can't isolate themselves from the consequences
- 41:12of fighting hard money. And we're seeing this happen in
- 41:15real time and you just love to see it.
- 41:17And, you know, finally I can embrace the meme of the US
- 41:19should follow China's lead. You know, for for forever on
- 41:23this show, I've been kind of trolling all our politicians to
- 41:26say, oh, we need to follow China and make a digital CBDC system.
- 41:30It's like, what the hell is going on?
- 41:32Now? They're kind of, you know, stuck
- 41:34between what's that Hard Rock in a hard place where it's like,
- 41:38OK, what the hell is Gary Gensley doing over there?
- 41:41We know he taught a class on MIT.
- 41:43We know that every there's institutional and retail
- 41:48interest in a Bitcoin ETF product.
- 41:50He even said it. We we we caught him in 14.
- 41:53Exactly. They gave you a video of him.
- 41:55Exactly. I don't know why the spot
- 41:57Bitcoin ETF hasn't been approved.
- 41:59Like it's so clearly political. But, like, the beauty of this is
- 42:03like the incentives of Bitcoin are so irresistible that even
- 42:08like it's just like even the CCP, one of the most
- 42:12totalitarian governments on the face of the planet.
- 42:16Like they ban it and then they're just like, no, no, no,
- 42:18no, no, wait a second. We still want to benefit from
- 42:22this, right? So I think it's just a testament
- 42:24to bitcoins incentives and I think that's why we're going to
- 42:28win this. At the end of the day, Bitcoins
- 42:30incentives are superior to any offerings from the government,
- 42:34whether that's bonds, whether that's Fiat money, it it's just
- 42:38superior. And I think over time more and
- 42:41more people are just gonna to to to use Larry Fink's own words.
- 42:46I think there's gonna be a flight to quality and like
- 42:48Bitcoin clearly is that mother effing quality.
- 42:52Like, it's very very clear and I think as time goes by.
- 42:56It will become more and more and more apparent.
- 42:58Anyways, Opti yeah, yeah, just one of the last thing is, is
- 43:01just remember that Bitcoin is basically like a Mexican
- 43:04standoff. Like the the consensus of
- 43:07Bitcoin is a Mexican standoff between the miners, the users,
- 43:12the businesses. And then literally on a global
- 43:16macro level, people will need to hold Bitcoin just to protect
- 43:21themselves. Because if you don't hold the
- 43:22hardest money in the room, it is your wealth that is getting
- 43:26funneled. So everyone needs to do it to
- 43:28protect themselves. Again, using safety and meme
- 43:30like people will adopt Bitcoin out of necessity like gunpowder.
- 43:35Even though Bitcoin is protection, it is a shield from
- 43:37theft. It is a shield from inflation.
- 43:40It is a shield from getting debased and holding something
- 43:44that can hold value long term. If you don't do it and your
- 43:48neighbor does or your enemy does, they are going to get
- 43:52wealthier. And we're seeing this game
- 43:54theory play out in real time and you just love to see it.
- 43:56We just, we're front running everyone guys, you're so far
- 43:59ahead of the game. It's so beautiful.
- 44:01I know we, I know we always like, I don't know, try to try
- 44:04to attack each other because we disagree on like point O 1% of
- 44:09you know with the information. But like holding Bitcoin is the
- 44:13winning move. The winning move is holding
- 44:15Bitcoin. 100 percent, 100%, by the way, guys.
- 44:21Yeah dude, this is your opportunity to front run Wall
- 44:24Street 100% guys. If you're joining the show, make
- 44:28sure to smash that like button. We're about to break 300 live
- 44:31viewers just on YouTube alone. Help us.
- 44:34Help us keep pushing the video. So if you're enjoying the show,
- 44:38smash that like button and consider subscribing if you're a
- 44:41new viewer. Anyways, I wanna give a shout
- 44:44out to one of our sponsors. They're the most trusted place
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- 45:30All right everybody, let's get to the culture.
- 45:32We have a lot to talk about the daily culture.
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- 46:02All right, guys. So one second, one second, one
- 46:07second. We broke 21K on YouTube.
- 46:09Let's go. And of course, you know, this
- 46:13is, I guess maybe you could say this is like a, a vanity number.
- 46:16This is just kind of us feeling good.
- 46:19Yeah, exactly. It's just it's just us feeling
- 46:22good about about attacking the the media game on YouTube and
- 46:28you know we want to give back. And so I told you guys all the
- 46:31last week that we're going to do a a giveaway for you guys in the
- 46:35chat for you guys have been holding us down all year.
- 46:38You've been you ride with us every single day you you're in
- 46:42the comments you're adding value to people that hang out.
- 46:45You know I gave a lot of you guys mod access as well because
- 46:47you're you're here with us every single day and we're seeing that
- 46:51more and more people are joining us.
- 46:52They're asking questions. So for you guys that hang out
- 46:55with us, we wanted to do a very special giveaway and we're
- 47:00giving you guys the grand prize here, which is going to be a
- 47:03stamp seed kit. We have it here.
- 47:06Let me pull this up so you guys can see it.
- 47:09I think if I remember correctly, it will be a simply Bitcoin
- 47:13theme one, but we can talk about this as well.
- 47:15If you guys want just one that's a little more Incognito, we can
- 47:17definitely do that for you guys as well, though I will.
- 47:20Kind of $120.00 worth of value. I might yeah, and and maybe
- 47:24we'll throw in some extra little goodies in there, but you're
- 47:27definitely going to get a stamp seed kit.
- 47:29That's for you guys in the chat though, we I do kind of have to
- 47:32give the caveat that we are trying to do this.
- 47:36It's easiest for us to do it to our US audience, but if you
- 47:40happen to be the winner and you're outside of the US, I'm
- 47:42sure we can figure out something how to get this to you guys.
- 47:44So we're doing this live and then to everyone else.
- 47:49I I I had to talk with wine this morning.
- 47:51He kind of yelled at me apparently I I didn't do the I
- 47:54didn't do the giveaway as best as I could have.
- 47:57So I am going to continue to do the other prizes for you guys
- 48:01that are replay viewers on YouTube on in our telegram and
- 48:03on Twitter. I I'm going to extend it for one
- 48:06more week. I will do a tweet about it and
- 48:08stuff and and do a little more kind of little things that you
- 48:11got to do so that we can we can push this a little bit.
- 48:14But anyways I'll I'll get that for you guys.
- 48:17So the other giveaways I'm going to postpone until next Monday.
- 48:22We have no guests next Monday so I'll do another giveaway for you
- 48:25guys next Monday. But for you guys in the chat,
- 48:28look I I I was joking last week but I was very serious.
- 48:32I was writing your names and checking the list twice like
- 48:36Santa Claus. So you know guys, I I took as
- 48:40many people as I remember that's been hanging out with us all
- 48:44year long. Whether it's you guys just kind
- 48:45of chilling with us one day or not one day, a couple of days.
- 48:49You know, just people that I'd known that you've been with us
- 48:52all year long. I the the names that I'm
- 48:54familiar with. I added you guys to a list.
- 48:58I'm doing, I'm doing yeah, I'm lit.
- 49:00I just was doing kind of a few extra ones in here just so that
- 49:03I know that I see you guys and and I know you're in here as
- 49:06well. That's kind of why I was delayed
- 49:07a little bit. And so guys, you know, forgive
- 49:11me. This is the first time I'm using
- 49:13it. I've never used this before, so
- 49:15I don't want anyone to like actually me like, bro, it's not
- 49:18fully random. Like, This is why I'm doing it
- 49:21live. All right.
- 49:22So look, I added, let's see how many people, 38 of you guys in
- 49:27here that I that I know for sure.
- 49:28You've been hanging out with us every single basically every
- 49:31single day on simply Bitcoin in the live chat.
- 49:34If you guys, if I didn't get your name on there, like forgive
- 49:37me, but I I just, I'm doing the ones that I remember that I know
- 49:40you guys are here with us every single day basically.
- 49:43And so I'm going to do the live chat.
- 49:45I'm going to do this live, pick a name, you'll be the winner.
- 49:48We'll going to do this live on air, but again, I will be doing
- 49:53a giveaway for you guys from our Telegram group and our Twitter
- 49:58audience and the YouTube playback.
- 50:00So it might be a little clunky, but I want to make sure that
- 50:04every one of our supporters is getting at least has a chance to
- 50:07get something. So I don't want to feel.
- 50:10I don't want you guys to yell at me like, oh, they're doing
- 50:12favoritism to the people that can show up live.
- 50:14Like I got AI, got a job, bro. I can't show up at noon.
- 50:17I know. That's why I'm going to do
- 50:19another giveaway for the YouTube subscribers.
- 50:21There's 21,000 of you guys so I'll do that one next week.
- 50:24But live for you guys. We are doing this live again.
- 50:28I have 38 of you guys. I forgive me if this isn't fully
- 50:32random. This is this is the option that
- 50:35I figured out I could do for you guys.
- 50:37So hopefully this works right here.
- 50:46I'm going to spin this live and the winner.
- 50:49I guess will reach out to me in e-mail.
- 50:53I don't know. We'll do this, right?
- 50:54We'll do this live. Let's let's just do this.
- 50:58Oh, no, It's Andres. Andres.
- 51:01Wow. Now.
- 51:02Now I'm really going to be now people are really going to say
- 51:06that I had favoritisms. Wow.
- 51:08OK. Oh my God.
- 51:11I I couldn't have. I couldn't have made that up
- 51:13guys. So Andres, our boy son of Sats
- 51:15hangs out with us on Twitter Spaces.
- 51:18I guess. I guess you won the.
- 51:20I guess you won the stamp sheet. I'll, I'll, I'll check.
- 51:23I'll. I'll e-mail you right now, bro.
- 51:25Wow. Now if.
- 51:27If he's watch. If he's not watching the show.
- 51:29Oh, if he's not in the chat live.
- 51:31Oh man. OK, OK, OK.
- 51:34I I guess that's the new rules. Andres, you have like 2 seconds.
- 51:42You have two seconds on this if you're.
- 51:44Not in the show, in the chat right now, then wrecked, bro.
- 51:50Then I'll have to get you. Everyone saying rigged?
- 51:55Yeah, everyone's saying rigged. OK, well, I guess he's not.
- 51:58Here. All right, Let's do it one more
- 52:00time because he's not in the chat.
- 52:02All right. All right.
- 52:03We got to re spin. We got to re spin Kaizen.
- 52:08Kaizen, Kaizen. Kaizen, are you in the chat?
- 52:13Kaizen in the chat. Okay.
- 52:15All right, Kaizen. Well, I am here.
- 52:19Let's go. All right, Kaizen.
- 52:21So maybe either reach out to me on.
- 52:26Kaizen is saying it's rigged. All right, spit it again.
- 52:33Wow. Hold on, hold on.
- 52:34Let's give him a chance. Let's give him a chance.
- 52:37Okay, Kaizen. I guess.
- 52:38I guess yes. All right.
- 52:41He was. He was complaining about it.
- 52:43Rigged. When?
- 52:44On this one. Not so rigged anymore, is it?
- 52:47Okay. All right, Kaizen, reach out
- 52:52either on Twitter, DME, or if you want to reach out on
- 52:56Telegram. Or, I mean, you can hit me in
- 52:58e-mail, Optimus at Pitbull. I probably shouldn't have gave
- 53:01you guys my e-mail. Now I'm gonna get trolled.
- 53:08How do we give us? Adm on Twitter.
- 53:10Our DMS are open. There we go.
- 53:12Then send us Adm on Twitter. Tell this is the first one we've
- 53:15done live, because the last time I tried to give you guys money,
- 53:17you guys trolled us. So I have to figure.
- 53:19I had to figure out a new way to do the KISS.
- 53:23Copernicus shave on you, bro. Yeah.
- 53:25So, all right, you get a message us on Twitter, All right.
- 53:28Oh, cool. OK.
- 53:28Dope. Yeah, so.
- 53:30Well, that's up to you. Yeah, we'll also be giving away
- 53:32merch as well. Yeah, that's the next move for
- 53:35everyone. We love the Graham we.
- 53:36Love you guys. Bear with us while we like
- 53:39figure out this like the logistics so we don't get.
- 53:42Trolled live. We don't figure like we we
- 53:44figure out how we're gonna do this and how we make it fair and
- 53:47all that stuff. But congratulations Kaizen for
- 53:51yeah, Kaizen, DM me at the Simply Bitcoin TV Twitter
- 53:54account and and we'll we'll we'll go from there.
- 53:57Yeah, exactly. So but congratulations man, you
- 54:01you won. You won the giveaway.
- 54:03So shout out to you, brother. Don't do that.
- 54:05Ignore that. Well, I'm gonna cut it out.
- 54:09All right, everybody all right. Yeah.
- 54:10But but just to be clear, I'm gonna do a tweet about this.
- 54:14Once I get off air, there'll be some things, you know, just like
- 54:17subscribe, like our sponsor Stamp Seed and we're going to do
- 54:23some prizes. Prizes.
- 54:24And you got to follow Stamp Seed.
- 54:25Yeah, we got to we got to make sure that our boys get some
- 54:28love. And then I'll make sure that I
- 54:30pick the winners from the telegram group.
- 54:33And we'll do the Twitter and the YouTube.
- 54:35We'll do a. Promo.
- 54:36We'll do a promo, tweet, we'll you know, give away and and then
- 54:40hey, if they reach out and for some reason there's some issues
- 54:43or that we pick a bot or whatever, I don't know, we'll
- 54:46we'll redo it again, I don't know.
- 54:47We'll figure it out. Yeah, we'll figure it out.
- 54:49Andres, you should have tuned in today, bro.
- 54:52Hey, it sucks to suck, bro. He should.
- 54:55He should have tuned in. Should have tuned in.
- 54:57All right everybody, We're going to get a message later.
- 55:00I'm pretty sure I I'm pretty sure I added you to the wheel
- 55:02bro. All right, everybody, let's
- 55:06let's hit the meme review. We got a lot of memes to review
- 55:12the Daily Meme review. Wow.
- 55:19I just realized I didn't get you sat wise I I should have.
- 55:22I guess I didn't double check my last.
- 55:24We'll. We'll be giving away.
- 55:25We'll be giving away. We're going to.
- 55:27Give some more stuff. More stuff.
- 55:28We're going to be giving away some merch as well.
- 55:30We love you guys. We wouldn't be here without you.
- 55:33With that, we wouldn't reach 21K without you.
- 55:35That's what it is. We're giving, we're giving a
- 55:37little, a little, a little back anyways, Opti, how about that,
- 55:41how about I'll say it now to 42 K we'll we'll do another one.
- 55:44Oh, OK. All right.
- 55:46So I do want to end this poll so that we know the results.
- 55:52There was 200 of you voting, dude, the chats undefeated.
- 56:03No, we can't. We can't talk about this, guys.
- 56:10Remember the Overton window? We're on YouTube, guys.
- 56:13We're on YouTube. Shift it.
- 56:16OK, so we did run. A poll says do you believe
- 56:22Bitcoin will reach 350K? In twenty 2565% of you said yes,
- 56:2934% of you said no. So the chat and two, there was
- 56:34200 votes. So the chat is ultra effing
- 56:38bullish right now. They're super, super super
- 56:41bullish. 65% feel like Bitcoin is going to break 350K or hit.
- 56:48Well can't wait can't wait till our our poll chat in the YouTube
- 56:53is statistically relevant with 2000 of you guys live in there
- 56:56doing the the poll results so we we so we can be like a official
- 57:00like corporate press site over here anyways oh man what a day
- 57:06what a day. All right, this is the meme
- 57:08review guys, where you send us memes on Twitter, tag the at
- 57:13simply Bitcoin TV account or drop them in our telegram group.
- 57:17T dot me slash simply Bitcoin TVI.
- 57:20Look in there. Every morning I I add your
- 57:23guys's tags to our show notes. I may not be able to get to them
- 57:28all, but tweets are the bullets. Memes are the artillery Tag your
- 57:31favorite memers memes or even tag yourself.
- 57:34I am not above nepotism when it comes to the meme review, but as
- 57:39you can tell, we are in an information war.
- 57:42Spreading the signal is the utmost priority.
- 57:45Making sure people are taking Bitcoin into custody.
- 57:47This is the way. This is how we win all right.
- 57:50Anyways, 1st meme is by Marcus Connor, NH.
- 57:53He's actually the artist that does the like Bitcoin, the
- 57:56little Bitcoin coin guys, and this is a play on the Drake
- 58:01hotline bling. As we covered a little bit on
- 58:04last week's show, apparently Bitcoin Magazine is getting sued
- 58:08for copyright infringement on this Fed Now logo.
- 58:12Explain that better, bro. The Federal Reserve, I got it
- 58:16here. I got it right here.
- 58:17Central Bank and. Read it.
- 58:19Read it. Read it live.
- 58:21Is threatening to sue. They sent a cease and desist
- 58:25letter to Bitcoin Magazine for misrepresenting the Fed Now
- 58:30brand like it's alleging apparel that parodies its Fed Now
- 58:34system. Is not protected speech, but
- 58:35copyright infringement. Or like bro bro.
- 58:42The best part is that there's like a Fed stooge over there
- 58:45that's like watching Bitcoin Magazine content and like, hey
- 58:49Jay Powell, I think, I think we got to do something about this.
- 58:52Actually the most disgusting part about this is that they
- 58:54were saying that they were trying to associate themselves
- 58:58with the Fed Now it's like, no, it was literally the opposite.
- 59:01It's it's ridiculing the Fed now.
- 59:02Anyways, we got the little Bitcoin logo doing the hotline
- 59:06bling. No.
- 59:06And it goes Fed now 24/7 instant payments.
- 59:09No, that's not what it's about. But it's the yes and the Fed now
- 59:14because it's been Big Brother dystopian technology, central
- 59:17bank, digital control mechanism. Convince me otherwise.
- 59:21Okay next one is by Don Bay. He hung out with us on Thursday,
- 59:25AKA at Baywatch One on Twitter and he goes in the mind of Joe
- 59:29Carlos. Sorry.
- 59:29This is how the exchange between Jay Powell and David Bailey is
- 59:33going right now regarding the Fed trying to stop Bitcoin
- 59:35Magazine for making Fed Now parody shirts.
- 59:39And you see Jay Powell here looking at his cell phone and
- 59:42he's running an old old iPhone too.
- 59:44What is this like iPhone three or something like that Anyways
- 59:47he's texting Big Mac Bitcoin mag and goes guys just take it down
- 59:50please. And Bitcoin magazine response.
- 59:53Fed now, you done effed up should've stuck to rates Then he
- 59:57goes, Jay Powell goes see This is why no one takes you guys
- 1:00:00over Bitcoin seriously And then Bitcoin mag response.
- 1:00:03We seriously going to own the Fed and Jay Powell response?
- 1:00:06See you guys. Point proven.
- 1:00:08More like point dropped. You won't.
- 1:00:11OK, I'm done here. That's exactly how it went down.
- 1:00:15OK, next one. This one is family friendly.
- 1:00:18Ish shouts at the Cluckies. Shouts at the Copernicus for
- 1:00:20tagging me. We have a guys.
- 1:00:23Always Copernicus, bro. Yeah, this is actually a good
- 1:00:25meme. This is actually funny.
- 1:00:27We got a man soliciting a street Walker and he goes $50, whatever
- 1:00:32you want, baby. And he goes, Can you help me fix
- 1:00:34my node? Really be like that.
- 1:00:38I don't care about anything else, just my node is acting up.
- 1:00:41How do you fix this? I will pay you.
- 1:00:43In your Bitcoin node? As in a Bitcoin as in a Bitcoin
- 1:00:46node? Exactly.
- 1:00:47Dude, get your thoughts out of the gutter.
- 1:00:49Nika geez okay. Next one is my Rd. under score
- 1:00:53BTC. It's always Copernicus and it
- 1:00:57goes performance enhancing books, hashtag Bitcoin hashtag
- 1:01:01education. And we got a guy with a syringe
- 1:01:04needle going straight into his brain and it is the Bitcoin
- 1:01:07standard the Fiat standard and Principles of economics and I
- 1:01:11think we can add Broken Money by Lynn Alden they are come all
- 1:01:14coming out of Safa Dean Productions.
- 1:01:16I I need to get me that one but I've I've been hearing really
- 1:01:19good things. I need to refresh.
- 1:01:21All right. Next one is rope and shouts out
- 1:01:24the rope because he's very much one of those cynical bit corners
- 1:01:28I was talking about in the beginning, saying that we're big
- 1:01:30corners but we're embracing BlackRock.
- 1:01:34Anyways, we got the classic girl yelling at the cat meme and
- 1:01:38she's yelling at it's like what, Housewives or Bachelorette or
- 1:01:41something, I don't know. And he goes, I thought you
- 1:01:43wanted to build black markets And the cat with the laser eyes
- 1:01:46says no. I said I want BlackRock to pump
- 1:01:48the market. And he's got, he's got the
- 1:01:53Kermit the Frog tea. Coming here, but hey dude, this
- 1:01:57is soup. That's not tea or coffee.
- 1:02:00That's that's a soup with the frog.
- 1:02:02So you need to up your meme game rope.
- 1:02:04OK, next one is by our boy Nick Camp mine, and we got a picture
- 1:02:08here of Elizabeth Warren plastered on top of the officer
- 1:02:12from Inglorious Basterds and goes.
- 1:02:13You're hiding Bitcoin private keys under the floorboards, are
- 1:02:16you not? That's.
- 1:02:17I think that's Mussolini, is it? I think.
- 1:02:19I'm pretty sure this is from Inglorious Basterds.
- 1:02:22I don't know, shouts out. The Knick dude.
- 1:02:24He's going hard. Oh man, this one.
- 1:02:27This one's too good. This one's too good.
- 1:02:29All right, next one is by chair force under score BTC and he
- 1:02:33just goes hashtag Bitcoin. And we got a picture here of
- 1:02:36someone you know, checking if this is a fake $100 bill or not.
- 1:02:40And it goes. I find it hilarious when a
- 1:02:42cashier checks my money to see if it's fake and then we have
- 1:02:45someone that transacting a Bitcoin when they don't even
- 1:02:48accept real money in the 1st place.
- 1:02:53Absolutely incredible. We.
- 1:02:56Got an order? We got an order on the live
- 1:02:59show. Shout out to you, brother.
- 1:03:01Thanks for thanks for ordering our merch.
- 1:03:03Speaking of our merch. Speaking of our merch, first of
- 1:03:07all breaking news. Opti can read books.
- 1:03:09Boom. Yes, I I can read books.
- 1:03:12If you want to support the show, help us stay independent,
- 1:03:15please, please. We are forced to say this
- 1:03:18because of wine by our merch. You can see the the QR code on
- 1:03:22your screen right there. And and and while we're doing
- 1:03:26this for everyone else to give away, that will be ended next
- 1:03:30Monday. We're gonna give away a shirt,
- 1:03:32maybe even a hoodie, maybe couple shirts.
- 1:03:35I don't know. We gotta figure this.
- 1:03:36Out. He is gonna be modeling on our
- 1:03:38new collection. Yeah, yeah, there you go.
- 1:03:42You see. Do you want to see Opti Model?
- 1:03:45Say yes in the chat and you know you you get mad at me about
- 1:03:50doing the Street Walker meme, and yet here you just prostitute
- 1:03:54me out constantly. That's not true.
- 1:04:03He's like, how can we sell Opti's smile more so we can make
- 1:04:07some money off of him. I get it.
- 1:04:09I get it. OK, All right.
- 1:04:11Anyway. Dropping me.
- 1:04:13In the back there's more back story to that bro.
- 1:04:16Opti has like some modeling pictures on his Dude, your boy's
- 1:04:19kind of sexy. I I don't know.
- 1:04:21I know, I know I look ugly. I know I look like a nerd on the
- 1:04:24on the show. But your boy can't see.
- 1:04:26I'm blind. All right, all right.
- 1:04:28Anyways, that's besides the point.
- 1:04:31I mean, you're the one with the blonde tip.
- 1:04:33You're the real influencer here anyways.
- 1:04:35Anyways, Anyways, all right, drop your score in the chat.
- 1:04:39My score? You ready for this one?
- 1:04:41Nico is red UV light. If you know, you know.
- 1:04:46Oh. OK, you're on the Steven Luka.
- 1:04:48You're on the Steven Luka tip. OK, All right.
- 1:04:54Interesting. All right, that's a good score.
- 1:04:57I'm gonna give it this. I'm your balls.
- 1:05:01I'm gonna give it this Bitcoin magnet.
- 1:05:05Bitcoin magnet. Yep, that's what I'm gonna give
- 1:05:07it. That.
- 1:05:08That's my score. That's my score, man.
- 1:05:11These scores are good. Hold on, Hold on, man.
- 1:05:14This is a good Monday. This is a good Rep.
- 1:05:16Starting off strong, OK. Even though even though Niko
- 1:05:20started off the show with simply burnt out energy, we ended
- 1:05:25strong. We ended very strong, OK.
- 1:05:28Man, all right, BTC is truth watching.
- 1:05:34Simply Bitcoin while at work. This is the way.
- 1:05:38This is the way. It's how you do it.
- 1:05:40It's how you do it. The P Man van I could watch
- 1:05:43simply bearish in my underwear at work all.
- 1:05:49Right next one we got we are all causing we're all causing on
- 1:05:54Bitcoin Twitter and Opti's e-mail you're going to get
- 1:06:00trolled like an good thing. I'm I'm I'm in the process of
- 1:06:03switching to a new work e-mail, so I will have to make it soon.
- 1:06:09Sam Bankman, most shoelaces. Sam.
- 1:06:13Yes. OK, Hammer's off.
- 1:06:17Planet Earth, says surfboards for the 2025 Bitcoin tsunami.
- 1:06:21Surf's going to be up guys. Our boy dropped an epic article
- 1:06:26on our sub stack. Do not sleep on the sub stack.
- 1:06:28simplybitcoin.substack.com or simplybitcoin.com.
- 1:06:32You can. Simply go to simply Bitcoin dot
- 1:06:34news and you can go directly there We go.
- 1:06:36Make sure to. Subscribe The Bitcoin tsunami.
- 1:06:38It's lit. He's dropping that hot.
- 1:06:40Heat Hot, Fire. Elaine Lowell.
- 1:06:45Bitcoin Bull run waits till I'm ready.
- 1:06:48I'll let you know when. Bitcoin it'll be soon.
- 1:06:51OK Rope Opti being stuck by rock and what is what is it What is
- 1:06:58that saying? That is hilarious.
- 1:07:02Tyler Durden swallowed the red pill 1 can Unopened premium dog
- 1:07:07food. OK, keefy boy, I give the memes
- 1:07:12my old hat. After I get the new simply
- 1:07:15Bitcoin hat, they're coming. They're coming.
- 1:07:17Blame wine. Like tag, tag, tag winokis on on
- 1:07:22Twitter and say wine. Where are the hats?
- 1:07:25Meme, score. Mic positioning, OK what is
- 1:07:28this? They want better mic
- 1:07:29positioning. I I I saw you guys talking about
- 1:07:31it earlier. I don't.
- 1:07:32Know our mics are pretty well positioned.
- 1:07:36Interesting. When simply Bitcoin Speedo with
- 1:07:39Opti modeling, you do not wanna see that it's.
- 1:07:43Going to happen. All right, Matthew, J1 Stamp
- 1:07:47seed plant and punch set. Let's go.
- 1:07:51Wait. Wait wait.
- 1:07:52Wait. Rocky works in red light.
- 1:07:57Is that what the red light was for?
- 1:08:02It wasn't, but apparently it is. Wait, wait, where?
- 1:08:06Where do they want the mic? The mic?
- 1:08:10It's. I feel like this is good.
- 1:08:13OK, we're out of time guys. Thank you so much for tuning
- 1:08:15into another episode of Simply Bitcoin Live.
- 1:08:18We appreciate y'all. If you guys enjoyed the show,
- 1:08:20make sure to smash that like button.
- 1:08:22Consider subscribing if you feel like we provided you value.
- 1:08:25But the number one thing you could do to help push the
- 1:08:28peaceful Bitcoin revolution is share this content.
- 1:08:32Share all Bitcoin content. Share, share, share Bitcoin art.
- 1:08:37Share Bitcoin culture. That's how we that's how we
- 1:08:40spread it. We got, we got, we got to take
- 1:08:42over the culture, ladies and gentlemen.
- 1:08:43That's how we do it. That's how we do it.
- 1:08:46Anyways, guys, I'm your host Nico.
- 1:08:47This is my Co host Opti. We love you all.
- 1:08:50We'll be back tomorrow, 12:15 PM Eastern Standard Time for
- 1:08:53another episode of Simply Bitcoin Live.
- 1:08:57Peace out, y'all.