Latest / Simply Bitcoin / EXPOSED: Trumps SECRETLY Buying BEFORE The US STRATEGIC RESERVE | EP 1292

Transcript

EXPOSED: Trumps SECRETLY Buying BEFORE The US STRATEGIC RESERVE | EP 1292 · Simply Bitcoin

• 0:00
  Yo, everybody has been waiting for months for America's
• 0:03
  strategic Bitcoin reserve to be announced.
• 0:06
  There's going to be a major announcement July 22nd.
• 0:10
  That's tomorrow. But if you watch what Trump is
• 0:13
  doing with his money privately, you might just get a little hint
• 0:17
  of what is about to happen today.
• 0:19
  We're going to expose some data that that proves that the US
• 0:23
  strategic reserve is closer than you think.
• 0:27
  I mean, we do have the president of these United States saying
• 0:33
  some very, very nice things about Bitcoin.
• 0:35
  And you know, I'll, I'll just, I'll let the data speak for
• 0:40
  itself. So let's get on to it.
• 0:43
  If I can find it. Where is it?
• 0:45
  Here it is Taka, taka taka. So President Trump posted this
• 0:52
  on Truth Social, I think it was yesterday, and he posted a clip
• 0:58
  of, you know, this has been circulating around X for many
• 1:02
  years now of Narelle Roubini and then the representative from
• 1:07
  Coin Center. And it was like a 15 minute
• 1:09
  testimonial. And then Trump says, quote,
• 1:12
  greatest Bitcoin explanation of all time, right?
• 1:16
  And then you're like wondering, like, you know, why is that the
• 1:18
  case? We always talk about Bitcoin.
• 1:20
  We always talk about the alignment of incentives.
• 1:23
  That's the beauty of Bitcoin. So when Larry Fink wants number
• 1:27
  to go up and when the president wants number to go up because
• 1:30
  they're all holding bags, right? It aligns incentive structures.
• 1:34
  And that is completely different with Fiat.
• 1:37
  Fiat is a winner takes all. So like there's there's benefits
• 1:40
  and everyone else loses. What's awesome about Bitcoin is
• 1:44
  that everybody could win. That sounds surreal if you're
• 1:46
  coming from the Fiat system, that does not compute in your
• 1:50
  mind, right? Even though Michael Saylor might
• 1:52
  have 600,000 coins, you know, someone who's holding .01 from a
• 1:58
  percentage basis is going to benefit equally as Bitcoin goes
• 2:03
  up in value, right? So that's something to keep in
• 2:06
  mind is the aligned incentives of Bitcoin and what the
• 2:09
  president is signaling. And again, is it a coincidence
• 2:13
  that it's a day or a couple days before this major announcement
• 2:17
  that's going to happen July 22nd?
• 2:19
  I don't know. I, I, I just don't see that as a
• 2:22
  coincidence. Let's check out this clip.
• 2:24
  I believe this was from when the Genius Act was signed.
• 2:47
  So again, you get you guys are going to do really well.
• 2:49
  And again, he's putting his money where his mouth is
• 2:52
  breaking news. And this is a this is a legit
• 2:56
  journalist from she was former Fox Business.
• 2:59
  Now she's with crypto America and she says, quote, breaking
• 3:03
  news. Trump Media says it now holds
• 3:06
  around $2 billion in BTC and Bitcoin related securities,
• 3:12
  about two third of its $3 billion in liquid assets as part
• 3:17
  of its previously announced Bitcoin treasury strategy.
• 3:20
  Oh it said no audio. I don't think they heard the
• 3:23
  clip, but. Whatever.
• 3:24
  But basically Trump was basically saying like, you guys
• 3:26
  are going to all do extremely well and you know, we're very
• 3:31
  proud, like how far the industry has come.
• 3:33
  Remember you guys, another thing that I wanted to like sprinkle
• 3:37
  into this is our industry was under attack for four years
• 3:42
  during the previous administration.
• 3:44
  And remember in Washington DC, if you're not in the room,
• 3:48
  you're not in the deal. And the Bitcoin and digital
• 3:52
  assets industry was not in the room for basically all of his,
• 3:57
  all of his, all of his existence.
• 4:00
  But under the previous administration, it they tried to
• 4:06
  basically destroy our industry with 1000 regulatory slashes,
• 4:12
  right? And that galvanized us.
• 4:14
  Like you guys saw it. If you guys have been watching
• 4:16
  simply Bitcoin for months, like Opti and I were basically like,
• 4:19
  let's stay political. Like let's not throw our hat in
• 4:23
  the ring. And then as soon as they
• 4:25
  arrested the samurai wallet developers, Opti and I are like,
• 4:30
  you should go out and vote for RFK or President Trump.
• 4:32
  Why? Because he's pro Bitcoin, right?
• 4:35
  So it, it kind of forced us to, to throw our hat in the ring.
• 4:39
  And the reason this is important is because of the amount of
• 4:42
  money that was raised for the Trump campaign by the Bitcoin
• 4:47
  and digital assets industry. All of a sudden, he kind of owes
• 4:53
  us a little bit, right? We we are part like, as much as
• 4:57
  you guys might not want to hear this or not, we became
• 5:00
  essentially A lobbying arm for our industry, right?
• 5:04
  And we have the ear of the president.
• 5:06
  And not only do we have the ear of the president, the president
• 5:09
  is buying Bitcoin himself, right?
• 5:11
  And do you think that this is a coincidence that this is
• 5:13
  happening, you know, a couple days before the official
• 5:18
  announcement that's going to be happening in July 22nd?
• 5:21
  Maybe maybe it's just a coincidence.
• 5:23
  Maybe it's just a coincidence that he's just posting greatest
• 5:26
  Bitcoin explanation of all time. Maybe if it's a just a
• 5:29
  coincidence that he's announcing that, hey, you know, they're
• 5:32
  buying $2 billion worth of Bitcoin, maybe that's a
• 5:37
  coincidence. Maybe it's a coincidence that
• 5:39
  the SEC chair, Paul Atkins says U.S. government has effectively
• 5:44
  given Bitcoin a stamp of approval.
• 5:47
  I don't know if the volume's going to play, but I'm just
• 5:48
  going to leave the video playing in the background.
• 5:51
  But that's what he's saying here.
• 5:52
  Like the SEC chairman, remember, the SEC was super hostile
• 5:58
  towards our industry not too long ago.
• 6:01
  And now the SEC is basically saying, hey, there's a rubber
• 6:05
  stamp. And we've been saying that for a
• 6:07
  while now, by the way, stamp of approval by one of the no, the
• 6:12
  most powerful country on the face of the planet economically,
• 6:17
  militarily, you can make an argument for culturally, right?
• 6:21
  America has a very strong culture that, you know, is, is,
• 6:24
  is well known all around the world.
• 6:27
  And the US government is basically saying, you know what
• 6:29
  Bitcoin is good. They're dropping the Tornado
• 6:32
  Cash case. The, the, the Treasury did.
• 6:34
  It's still, you know, there's still an open court case with
• 6:36
  the DOJ, but the Treasury basically said no.
• 6:39
  So the Treasury's acting very, very favorably towards Bitcoin.
• 6:44
  And simultaneously while all of this is happening, we're going
• 6:47
  to talk about this during the numbers.
• 6:49
  They're being very aggressive towards a certain institution.
• 6:52
  You know what that institution is, the Federal Reserve.
• 6:55
  There is representatives now openly calling for the arrest
• 7:00
  for a criminal investigation into Jerome Powell.
• 7:04
  Senator Cynthia Lummis, the Bitcoin senator, has been openly
• 7:08
  calling for the resignation of Jerome Powell.
• 7:12
  And why is all this happening? Well, again, the Fed did not act
• 7:17
  independently. It didn't act neutrally under
• 7:20
  the Biden administration. It was part of Operation Choke
• 7:24
  Point point 2.0 to essentially destroy our industry.
• 7:28
  And now all of a sudden during the Trump administration, it
• 7:31
  seems like they're still resisting.
• 7:33
  I had the honor of having Caitlin Long on the show, CEO
• 7:37
  and founder of of Custodia Bank based out of Wyoming, one of the
• 7:40
  first Bitcoin native banks in the United States.
• 7:43
  And she's basically telling me she's like, look like it was a
• 7:46
  hit job. Like they, they really wanted to
• 7:48
  take us out. You know, Signature Bank didn't
• 7:51
  have to go out of business. They were specifically targeting
• 7:55
  the Bitcoin and digital assets industry on purpose, right?
• 7:59
  That is gnarly. And what we just found out when
• 8:02
  I when I'm going to pass it on to Opti is apparently it seems
• 8:07
  like the Biden administration sold a whole lot of Bitcoin.
• 8:13
  And shout out to what's the name of the journalist Lola Lola
• 8:16
  Leitz. Lola Leitz because David Bailey,
• 8:21
  founder of of Bitcoin magazine and, and, and Nakamoto basically
• 8:25
  put out a bounty. And because remember, there is
• 8:27
  an executive order by Donald Trump in the beginning of the
• 8:30
  year asking, hey, how much Bitcoin does the federal
• 8:34
  government have? We still don't know officially
• 8:39
  that still hasn't been told to us.
• 8:41
  But what Lola Leets did is she, she submitted a Freedom of
• 8:44
  Information Act and she got the numbers from the US Marshall
• 8:48
  Service. And apparently there was
• 8:52
  apparently the US government has like, I think it's, it's a
• 8:55
  significantly less portion of the amount of Bitcoin that they
• 9:00
  say they do. And there was rumors that were
• 9:03
  happening that Opti and I were reporting on during the election
• 9:07
  season that Biden, the Biden administration, which was openly
• 9:10
  hostile towards the industry, was actively selling Bitcoin.
• 9:14
  And remember when the price was like kind of dumping back then?
• 9:17
  And we were like, what the like, what's happening?
• 9:18
  Like, why is this going like, what?
• 9:20
  Like why is this Like, why is this happening?
• 9:23
  Could have been that, right? And we've seen governments do
• 9:25
  this before. I mean, Germany sold, I think it
• 9:28
  was like 50,000 Bitcoin at like 50,000, like 60,000, like
• 9:32
  terrible, terrible decision. So yeah, I mean, this is this is
• 9:38
  pretty crazy. You have the president of the
• 9:39
  United States making a public announcement saying look at this
• 9:43
  Bitcoin video, the best Bitcoin explanation that you can ever
• 9:46
  see, and his company, Trump Media.
• 9:50
  I know he's not officially involved because he's in the
• 9:52
  office of the presidency, but his sons are just announced to
• 9:56
  the world that they have $3 billion worth of Bitcoin.
• 9:59
  And Opti, if you can share the screen again, you have Paul
• 10:03
  Atkins, the head of the SEC complete contrast to Gary
• 10:07
  Gensler, which in my opinion acted not in good faith, is
• 10:12
  basically saying, listen, Bitcoin has a stamp of approval
• 10:16
  by the US government. Where do you think the number's
• 10:19
  going to go? I'm going to ask you that guys.
• 10:22
  Where do you think the number's going to go?
• 10:24
  Numbers probably going to go up. It's probably going to go up and
• 10:28
  to the right. I'm just saying.
• 10:29
  I'm just saying. So anyways, Opti, this is pretty
• 10:32
  breaking news, dude. This is pretty crazy.
• 10:35
  And you know, what's the the silver lining about like Biden
• 10:39
  acting politically and then them selling the Bitcoin is that the
• 10:43
  US government's going to have to buy that Bitcoin back at a
• 10:46
  higher price. And what's that going to do?
• 10:48
  Pump the bags? So it's all about aligned
• 10:51
  incentives. American Huddle had said one of
• 10:54
  the one of the best quotes that's stuck with me, which is
• 10:58
  no one is better than their incentives.
• 11:00
  So let's break it down for a second.
• 11:02
  You have the president of the United States owning $3 billion
• 11:06
  worth of Bitcoin. You have the vice president of
• 11:09
  the United States ordering owning a quarter $1,000,000
• 11:12
  worth of Bitcoin. You had, you have RFK Junior,
• 11:15
  who's part of the Trump administration, who said at
• 11:19
  Bitcoin 2024 that he has the majority of his assets in
• 11:23
  Bitcoin, right. You have basically all of the
• 11:26
  cabinet. You have Scott Besson, Treasury
• 11:28
  Secretary who might become fed, who, who might become the
• 11:31
  chairman of the Federal Reserve, saying I, you know, bitcoin's a
• 11:35
  good thing. Where do you think we're going
• 11:38
  to go from here? Like I would not be surprised
• 11:41
  conservatively that by the end of Trump's second term, so 3 1/2
• 11:46
  years from now, we are not at half $1,000,000 per coin.
• 11:49
  I would not be surprised in the least.
• 11:52
  And that is conservative because we still haven't seen the pump
• 11:57
  from all of this news. Mind you, in the beginning of
• 11:59
  the year, we are at $109,000 per coin.
• 12:03
  Right now we're at $117,000 per coin.
• 12:08
  This has been the most bullish cycle from a news perspective.
• 12:12
  From a price action perspective, it hasn't reflected what the
• 12:16
  news has been showing. But like a beach ball that you
• 12:19
  put underwater, you could only do that for so long until number
• 12:24
  goes up, right? So I think we're on the verge
• 12:28
  of, you know, an explosive price movement heading into Q3 and Q4.
• 12:33
  Again, not financial advice. That's my personal opinion based
• 12:36
  on on, on, you know, bitcoins history.
• 12:40
  And the signal out of all this is that, again, the president of
• 12:44
  the United States just announced to the world that once one of
• 12:48
  his companies that has his name has $3 billion worth of Bitcoin
• 12:55
  exposure. Do you think he's going to act
• 12:58
  against his bags? Do you think he's going to want
• 13:01
  his bags to go up? He's probably going to want his
• 13:03
  bags to go up, right? That's the breaking news,
• 13:07
  massive news. Could have never have imagined
• 13:10
  this three or four years ago when we are getting attacked
• 13:13
  left and right, we are made fun of.
• 13:15
  Larry Fink was saying that Bitcoin is an index of money
• 13:18
  laundering, blah, blah, blah, blah, blah.
• 13:20
  Now you have have again the president of the strongest
• 13:23
  country, most powerful country on the face of the planet saying
• 13:27
  yo, I just smashed, smashed bot $3 billion worth of corn.
• 13:32
  Now the next step is, is he taking self custody of that
• 13:35
  corn? I don't know.
• 13:37
  We'll see. Anyways, Opti, what's your take
• 13:40
  on all this, bro? This is pretty crazy news, man.
• 13:42
  This is actually like massive, massive news, man.
• 13:46
  Because I think like before, like he like had exposure to
• 13:49
  like other digital assets, he didn't have exposure to Bitcoin.
• 13:53
  But this is like the first time that I see that he has direct
• 13:55
  exposure to actual Bitcoin. It's billions of dollars worth
• 13:59
  of exposure to Bitcoin. Yeah, 100%.
• 14:03
  So for everyone in the chat wondering what's happening
• 14:05
  tomorrow, July 22nd, so they're going to drop their first
• 14:08
  report. You know, I'd like the state of
• 14:12
  their holdings, allegedly the state of their holdings, their
• 14:14
  whole strategic Bitcoin reserve kind of announcement.
• 14:17
  It was put into the executive orders that 180 days after they
• 14:23
  announced it, they would drop their report and that is
• 14:25
  dropping tomorrow. So we really don't know what's
• 14:27
  happening in the report. But from what we do know and
• 14:31
  actually rather from what we've seen Trump do this last year, he
• 14:35
  has been telegraphing a lot of his moves upfront.
• 14:38
  Remember the whole, you know, the market's going to be really
• 14:41
  good later today. And that was hilarious.
• 14:45
  Like, you guys should probably buy right now.
• 14:47
  And then the market started pumping.
• 14:49
  So this is all making a case for the idea that Trump has been
• 14:53
  telegraphing. If you really follow what he's
• 14:55
  saying, he has been kind of telegraphing all of his moves
• 14:58
  upfront. Whether you like him or not, you
• 15:00
  kind of have to take what he says and and take it very
• 15:04
  seriously. And right now, you know, of
• 15:05
  course, we're kind of maybe speculating, reading between the
• 15:08
  lines here, but it does seem like he's telegraphing his move.
• 15:12
  Of course, we saw him post the greatest Bitcoin explanation,
• 15:16
  which I think was probably like the first time we've seen a
• 15:19
  president or presidential candidate even do that.
• 15:21
  And it's like dropping it on his true social account.
• 15:23
  So I think he's kind of laying the foundation for, you know,
• 15:26
  everyone on true social, all of it, the MAGA people to kind of
• 15:30
  get used to the idea of Bitcoin. And then today we get the Trump
• 15:33
  media announcing they bought $2 billion worth of Bitcoin.
• 15:36
  You know, it does seem like he's front running the strategic
• 15:40
  Bitcoin reserve announcement. And if this is what we kind of
• 15:43
  hear tomorrow, if this is the kind of the direction we're
• 15:45
  hearing tomorrow, and let's not forget the crypto week last
• 15:48
  week, They're pushing through these regulations, which some
• 15:50
  are arguing maybe it's not the best stuff we're seeing, but it
• 15:54
  is historical moment here for the industry at large.
• 15:59
  I think maybe what we see tomorrow will be another
• 16:02
  historic announcement and everyone's like, oh, the Bitcoin
• 16:04
  price is dumping. It's like what?
• 16:06
  It's down 1%. We're at 117, like a huge dump.
• 16:09
  It's, it's over, guys. You know, why isn't the price
• 16:11
  pumping? I I just think that a lot of
• 16:14
  times, especially right now, where we're entering into the
• 16:17
  end of the year and everyone's kind of expecting a huge price
• 16:20
  pump. I think these signals are adding
• 16:23
  up to the direction that they're probably going to announce
• 16:27
  something big tomorrow and we'll see exactly what that is.
• 16:30
  Will they announce their, their plan on how they're going to
• 16:33
  acquire this Bitcoin for the strategic with how much Bitcoin
• 16:36
  they actually have? And like Nico was saying, you
• 16:39
  know, shouts out to Lola leads and the US Marshals Freedom of
• 16:43
  Information Act. You know, the news initially
• 16:47
  seems bearish. Like wow, they really only hold
• 16:49
  20,000 coins. This is insane.
• 16:51
  You know, all of this posturing that they have the biggest
• 16:55
  Bitcoin holdings of any nation state is now complete fluff.
• 17:00
  But the real silver lining is, is if if they don't have that
• 17:03
  much Bitcoin and they have to rebuy it, which that sounds
• 17:07
  great to me. Yeah, it sounds fantastic.
• 17:09
  And like Biden literally separated money from state.
• 17:11
  So I want to give him a credit. I want to give him a shout out
• 17:13
  for that. Obviously, obviously you want
• 17:15
  pick one in the hands of individuals in self custody.
• 17:17
  You know, that's how it really that's really how the world
• 17:19
  changes. But again, from a number go up
• 17:22
  perspective, you know, an announcement tomorrow and I do
• 17:25
  want to cover the article because I'm I'm glad someone
• 17:27
  brought that up. So what is happening tomorrow,
• 17:30
  July 22nd, and essentially the White House to release a crypto
• 17:36
  policy report July 22nd? Following the Genius Act, the
• 17:40
  White House is set to release its first comprehensive
• 17:42
  cryptocurrency policy report on July 22nd as mandated by
• 17:46
  Executive Order 14178. This report is expected to
• 17:51
  provide a detailed framework for the regulation and oversight of
• 17:55
  cryptocurrencies within the United States.
• 17:59
  The timing of the report is particularly noteworthy as it
• 18:02
  follows the recent approval of the GENIUS Act by the US House
• 18:04
  of Representatives. This legislation, signed into
• 18:07
  law by President Trump on July 18th, establishes A regulatory
• 18:10
  framework specifically for payment stable coins.
• 18:13
  The GENIUS Act defines stable coins as digital assets used for
• 18:16
  payment or settle settlement and requires issuers to maintain a 1
• 18:20
  by 1 reserve backing and comply with public disclosure
• 18:23
  obligations. This legislation exempts stable
• 18:26
  coins from the definitions of the SEC or commodities, thereby
• 18:29
  removing the jurisdiction of the SEC and the CFTC.
• 18:33
  Instead, stable coins will be regulated by entities such as
• 18:36
  the Federal Deposit Insurance Corporation and the Office of
• 18:40
  the Controller of the Currency. So it continues to say.
• 18:44
  The release of the White House Crypto Policy Report is
• 18:47
  anticipated to provide further clarity on the regulatory
• 18:50
  framework for crypto currencies. Building on the foundations
• 18:53
  established by the Genius Act, this report is expected to
• 18:57
  address key issues such as consumer protection, market
• 19:00
  integrity, and the role of digital assets in the broader
• 19:03
  financial system. As the US continues to navigate
• 19:06
  the complexities and opportunities presented by
• 19:08
  crypto currencies, the White House Policy Report will be a
• 19:11
  pivotal step and shaping the future of digital asset
• 19:14
  regulation in the country. It's also been rumoured as well
• 19:17
  is that they might bring up the fact of what their Bitcoin
• 19:22
  accumulation strategy is going to be.
• 19:24
  We keep hearing these words over and over again.
• 19:27
  It has to be done in a budget neutral way.
• 19:30
  So again, we're going to stay tuned for that report tomorrow.
• 19:35
  We're going to cover it. We're going to see if it's a
• 19:37
  nothing burger, but to kind of connect the dots a little bit,
• 19:41
  ladies and gentlemen, I'm not saying, you know, this is a sure
• 19:45
  thing, but usually when Trump post things, they're not just by
• 19:50
  accident, you know, And he literally the president of
• 19:54
  United States literally said the greatest Bitcoin explanation of
• 19:56
  all time. And his and his company might be
• 19:59
  front running this announcement, buying $2 billion of Bitcoin
• 20:05
  exposure. So I mean.
• 20:08
  It's you can't really say that speculation, bro, like that.
• 20:11
  You could build a very solid argument.
• 20:13
  We've been more right than we've been wrong up the we're
• 20:16
  tomorrow's Bitcoin use today, bro.
• 20:18
  So I don't know. I don't feel guilty.
• 20:19
  I don't feel guilty saying this. Yo Daddy Trump, pump our bags
• 20:24
  please. We have V for Vendetta in the
• 20:26
  chat bro. He's probably.
• 20:27
  Going to give a He's mad, he said.
• 20:28
  Stop sipping for governments, it's weak.
• 20:31
  But yes guys, you should obviously take self custody.
• 20:34
  This is paper Bitcoin summer after all, so you guys should
• 20:38
  definitely take self custody of your Bitcoin.
• 20:40
  Actually, I'm going to talk about that in the culture.
• 20:42
  Today, if it's not if, if your Bitcoin's not in self custody,
• 20:45
  it ain't your Bitcoin. I do want to give a shout out to
• 20:48
  the live stream. 1800 people watching live Rumble seems to be
• 20:53
  popping off as well, so shout out to the Rumble stream love
• 20:58
  you guys over on rumble. We love you guys over on
• 21:00
  YouTube. We love love you guys over on X
• 21:02
  as well. We got 253 people watching live
• 21:05
  on rumble 524 people watching live on YouTube and again we got
• 21:11
  1400 of you guys watching live on X.
• 21:14
  If you guys are enjoying today, Simply Bitcoin Live, Opti and I
• 21:18
  are back in Miami after visiting the NASDAQ last week, which was
• 21:23
  absolutely crazy. So we're going to be bringing
• 21:25
  hot fire for you guys all of this week.
• 21:28
  Let's get the show started, guys.
• 21:30
  We're going to talk about a lot of things today.
• 21:32
  There's been this YouTube channel, which maybe a lot of
• 21:36
  you guys have seen that it goes by the name of Can you make you
• 21:39
  make us full screen? But it goes by the name of
• 21:42
  Gary's Economics and it's picking up a lot of steam and
• 21:45
  he's talking about wealth inequality, which by the way, I
• 21:49
  agree with him on. Where I disagree with him on is
• 21:54
  his solution to fixing that wealth inequality.
• 21:57
  So we're going to do a deep dive into that because I think it's
• 22:00
  important because he is getting a lot of attention, a lot of
• 22:04
  traction on YouTube. So I think it's important to
• 22:07
  kind of have these discussions. Maybe his heart's in the right
• 22:10
  place. I don't really know him that
• 22:11
  well, but you know, he is getting a lot of attention.
• 22:14
  So we have to give it. We have to give another
• 22:16
  perspective. We have to give the perspective
• 22:18
  from the Bitcoiners angle. And then again, breaking news,
• 22:22
  Congress Congresswoman Anna Paulina Luna files criminal
• 22:27
  referral against Federal Reserve Chairman Jerome Powell with the
• 22:33
  DOJ. That is nuts.
• 22:36
  So the fight is heating up between the Federal Reserve and,
• 22:40
  of course, the Trump administration.
• 22:42
  They're vying for power. They want the control of the
• 22:45
  money printer and of course, this institution might be
• 22:48
  captured and might be corrupted. We don't know.
• 22:51
  We're going to find out anyways, guys, it's going to be a great
• 22:53
  show. If you guys are enjoying the
• 22:54
  show so far, make sure to smash that like button.
• 22:57
  But before we get into the numbers section segment, I do
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  YouTube and X and Rumble popping off coming in strong. 240 people
• 27:03
  watching live on rumble. At the time of recording.
• 27:06
  The Bitcoin price is 117,800 block height 906,552 sats per
• 27:14
  dollar 849 sats per dollar. Market cap 2.34 trillion Bitcoin
• 27:20
  versus gold market cap 9.8% decline from all time high -4.4
• 27:27
  percent. Opti.
• 27:27
  It went down. Look at that.
• 27:29
  I realize monetary inflation. I was getting worried because it
• 27:32
  went from like .83 to .85. It's back down again.
• 27:36
  I don't know what's happening. Maybe, maybe yellow's changing
• 27:40
  the interest rates on Bitcoin. I don't know what's happening
• 27:43
  anyway. It's paper Bitcoin.
• 27:49
  So I saw this clip by Scott Besant on Squawk Box and again,
• 27:56
  he's going real hard. The Trump administration, some
• 28:00
  Republican representatives that like, I mean, check this out the
• 28:04
  calling for an investigation like oof, Senator Lummis, of
• 28:09
  course, is calling for openly for the, for Jerome Powell to
• 28:16
  resign. And here's Scott Bessent, who
• 28:18
  looks to be favored to be. And I think this would be the
• 28:22
  second time in American history where the Treasury and the Fed
• 28:25
  chairman would be one in the same.
• 28:28
  And again, Jerome Powell, whether he gets fired or not,
• 28:31
  his term is very close to being up regardless.
• 28:34
  So let's check out this clip by Treasury Secretary Scott Bessent
• 28:38
  and then Opti and I are going to talk about it.
• 28:40
  Look, Joe, I I think. That what we need to do is
• 28:45
  examine the entire Federal Reserve Institution and whether
• 28:50
  they have been successful. I, I'm speaking actually, I, I'm
• 28:53
  going to be in the building this evening.
• 28:56
  There is a regulatory conference that begins tomorrow.
• 29:00
  I, I'm the keynote speaker tonight talking about
• 29:03
  regulation. the Fed as well deals with monetary policy,
• 29:10
  regulations, financial stability.
• 29:13
  And again, I think that we should think, has the
• 29:19
  organization succeeded in its mission?
• 29:22
  You know, if this were the FAA and we were having this many
• 29:27
  mistakes, we would go back and look at why, why has this
• 29:32
  happened? I mean, look at the, as you
• 29:35
  said, at the top of the, at the top of this broadcast, there
• 29:39
  were, you know, there was fear mongering over tariffs.
• 29:42
  And thus far we have seen very little, if any inflation.
• 29:48
  We've had great inflation numbers.
• 29:50
  So, you know, I, I think this idea of them not being able to
• 29:54
  break out of a certain mindset, you know, all the, all these
• 29:57
  PhDs over there, I don't know what they do.
• 30:00
  I don't know what they do. This is like universal basic
• 30:03
  income for, you know, academic economist.
• 30:07
  Ladies and gentlemen, simply Bitcoin.
• 30:11
  Tomorrow's Bitcoin use today, bro.
• 30:14
  Oh my God, you had the Treasury Secretary just say we have to
• 30:19
  examine if the Fed is actually even doing the job that they're
• 30:25
  supposed to be doing. Are they even like, are they
• 30:29
  even like, is this even working out?
• 30:32
  That would be unheard of, unheard of five years ago, 10
• 30:37
  years ago, right? It would be unheard of.
• 30:40
  And do you think it's a coincidence that this is
• 30:42
  happening when you have the first Bitcoin president who's
• 30:47
  holding $3 billion worth of Bitcoin bags?
• 30:50
  You think it's a coincidence that this is all happening at
• 30:52
  the same time that you have the Treasury Secretary openly
• 30:56
  questioning the very idea of the Federal Reserve itself.
• 31:01
  Do you think that's a coincidence?
• 31:02
  It's not a coincidence. Do you know where this is
• 31:05
  heading? We've been saying, Opti and I
• 31:07
  have been saying it's nice to have a pro Bitcoin president.
• 31:11
  But you know what we want from the next president?
• 31:13
  We want an end the Fed president and we're going to talk about
• 31:18
  wealth inequality during the news segment because it is a
• 31:22
  problem. It is a problem.
• 31:23
  It is a huge problem. Now, I think where there's
• 31:26
  differences of opinion is what is the solution to this problem?
• 31:31
  What caused this problem in the 1st place?
• 31:34
  Well, what caused the problem in the 1st place is the Federal
• 31:37
  Reserve, right? You have an institution that
• 31:41
  every time they print money, they destroy the wages of the
• 31:46
  lower and middle classes that don't have the means to save in
• 31:50
  assets. Therefore, when the money gets
• 31:52
  the base, their assets don't go up.
• 31:55
  Their salary and their savings, because they're saving in Fiat,
• 31:59
  goes down. The purchasing power goes down.
• 32:02
  And if you're very wealthy, or if you're rich, or if you have
• 32:05
  the privilege to own assets, guess what happens?
• 32:10
  Those assets go through the moon.
• 32:13
  So what happens to the what happens to the middle class?
• 32:17
  What happens to the differences between the lower middle classes
• 32:20
  and upper classes? It gets bigger and bigger and
• 32:23
  bigger because a very wealthy, they start buying everything.
• 32:28
  They don't have a choice. If they have, let's say you
• 32:31
  have, you're a founder, you just sold your company, got $10
• 32:36
  million right after taxes, you keep 6, right?
• 32:41
  You have no choice but to invest that money because if you don't
• 32:46
  invest that money, it's going to lose purchasing power.
• 32:50
  So what are you going to do? You're either going to buy
• 32:53
  equities, you're going to buy real estate, or you're going to
• 32:57
  buy commodities. Why do you think you can't
• 33:00
  afford a home right now? I mean, Sailor said this on a,
• 33:03
  on a podcast. Because if you're a rich guy,
• 33:06
  what are you doing? You're buying like 3 or 4 homes,
• 33:08
  not to use them, but just to park your wealth in them.
• 33:13
  That's how broken the system is, that it forces you to be an
• 33:16
  investor just to maintain your purchasing power.
• 33:20
  And most of us, we don't even have the means to even have the
• 33:25
  privilege of having extra savings to own assets in the 1st
• 33:29
  place. So it's time to end the Fed.
• 33:33
  It broke the system. Central banking failed.
• 33:37
  We gave it a go. It's been more than 100 years.
• 33:41
  The most horrific wars happened under central banking.
• 33:46
  The Great Depression happened under central banking.
• 33:49
  The Great Recession in 2008 happened during central banking.
• 33:55
  We were scammed. We didn't get a good deal out of
• 33:59
  this. And if you are a millennial or
• 34:02
  if you're a Gen. ZR or you're a Gen. alpha, like
• 34:06
  it's even you're, you're, it's, you got, you got scammed
• 34:09
  essentially. So it's time to end the Fed.
• 34:12
  It's time to try something different.
• 34:16
  And I'm so glad that we have people that are in actual
• 34:20
  positions of power and influence.
• 34:22
  Of course, they have to say it in a certain way that are
• 34:25
  basically saying, listen, cut the BS.
• 34:28
  You guys claimed you didn't want to lower rates because you were
• 34:34
  worried about the tariffs. Unemployment is so super low
• 34:39
  right now. Inflation is super low right
• 34:42
  now. There is absolutely no reason as
• 34:45
  to why you guys don't want to lower terror.
• 34:47
  I mean lower interest rates. Except if it was for political
• 34:51
  reasons. Because guess what if you have a
• 34:55
  pro Bitcoin administration, your dream of having a CBDC that
• 35:03
  might not happen will it right? So anyways that's my bit Opti
• 35:08
  how you doing bro? What's your what's your thoughts
• 35:10
  on this? Scott Besson is based AF.
• 35:13
  Ruston was right. Dude, Big Besson.
• 35:16
  Ruston's going to lose his mind when he sees that clip bro.
• 35:19
  I can't wait to hear Ruston's thoughts on it.
• 35:21
  Yeah, Besson is kind of the guilt right now.
• 35:25
  I really like what I'm hearing from Scott Besson.
• 35:28
  And it would. I mean, look, we don't know the
• 35:31
  rumors if they're true or not, but they have been speculating
• 35:34
  that Scott Besson is either buying to take Jerome Powell's
• 35:39
  seat or they're positioning him. And of course, these are all
• 35:43
  rumors. We have no idea, but I think if
• 35:46
  if that were the case and this would be the second time it
• 35:48
  happened, it might be actually really good.
• 35:50
  Now that's like a totally different conversation, just a
• 35:53
  conversation in and of itself of him in that clip and them
• 35:58
  attacking the Federal Reserve or rather Jay Powell and even
• 36:00
  basically saying, you know, like, what's the Fed done?
• 36:04
  What like we got to re evaluate what they're doing.
• 36:06
  We got to, you know, re evaluate their position.
• 36:08
  As we all saw last week, there was a whole scandal of them
• 36:13
  admitting that the Federal Reserve wasn't independent.
• 36:15
  What was it? Is the Federal Reserve
• 36:17
  independent a myth or whatever exposing the myth?
• 36:21
  It was crazy because now that that is getting confirmed by two
• 36:25
  separate industries. So the Bitcoin and digital
• 36:27
  assets industry is basically saying, look, the Fed has not
• 36:31
  been acting independently. It's been acting politically.
• 36:33
  We have the receipts, right? But now JP Morgan, an analyst
• 36:38
  from JP Morgan, the article we read you guys, the article, I
• 36:40
  believe it came out from Bloomberg actually.
• 36:42
  So it's a very reliable source was basically saying, look, the
• 36:46
  idea that the Fed is independent is a myth, right?
• 36:49
  So you have two separate industries, you have trad FI and
• 36:53
  you have the digital assets industry basically saying the
• 36:57
  same exact thing that the that the Federal Reserve is not
• 37:01
  independent. Yeah.
• 37:04
  So I mean, the fact we have this secretary or Treasury Secretary
• 37:09
  essentially saying what all of us Bitcoiners have been saying,
• 37:12
  I think is a huge 180 pivot from what we had last time with Janet
• 37:16
  Yellen. And of course, the Atkins video,
• 37:18
  the new head of the SEC is completely different than we saw
• 37:20
  from Gary Gensler. And a lot of this stuff going on
• 37:24
  right now, I know there's a lot of news and there's a lot of
• 37:26
  confusion of what actually is going on.
• 37:29
  But it does seem from an economic level, things maybe are
• 37:32
  kind of trending in the right direction and it is hard to
• 37:35
  parse the information right now. Again, I'm a huge fan of what
• 37:38
  Tom Luongo has been saying and and it seems like a lot of the
• 37:43
  positioning we're seeing right now is to basically defund and
• 37:46
  bankrupt the City of London, which would be absolutely huge
• 37:49
  for everyone around the world. So, you know, I'm holding say
• 37:54
  that that's yeah, I I said that. That is not simply bitcoins
• 38:00
  official. Position.
• 38:01
  That is my yeah, as an individual here.
• 38:05
  But I think what we're seeing is a, it is a new paradigm here.
• 38:10
  Whether you're like just a Bitcoiner or from like an
• 38:12
  economic perspective, from a more tried by perspective,
• 38:15
  things are changing and it is kind of making you wonder like
• 38:18
  what timeline are we on? Is this the good timeline or are
• 38:22
  we, you know, walking into our UPS right now?
• 38:24
  But from what I'm seeing, it seems like things are kind of
• 38:27
  going in a generally good direction from an economic
• 38:31
  perspective. Yes, there's a lot of cultural
• 38:33
  and societal upheaval right now from a bit corner vantage point.
• 38:39
  I don't know. Everything seems to be working
• 38:40
  in our directions. It it does seem like we are
• 38:42
  winning and I am not tired of it yet.
• 38:44
  Absolutely absolutely. Wait wait, wait.
• 38:46
  Before we go Nico shout out to Mexico.
• 38:50
  I'm not reading your first super chat.
• 38:52
  He dropped us two shoot super chat chat.
• 38:54
  But the first one has shit coins in it.
• 38:56
  But this one $10. Don't this that selfie MI
• 38:59
  chachos. She's on mom duties bro.
• 39:03
  Man, all right, everybody that that Sophie Luke show did super
• 39:07
  well. We might have to.
• 39:09
  We might have to retire. We might have to retire.
• 39:11
  Just let. Only Sophie, Sophie and Luke.
• 39:13
  And Sophie, the reins. Alright everybody, we'll be
• 39:16
  right back. We're gonna hit the new segment.
• 39:17
  We have tons to cover. And then Opti's got something
• 39:20
  cooked up for the culture segment, so you guys are gonna
• 39:23
  wanna stay tuned in. We got 2500 of you guys watching
• 39:28
  live between X and YouTube, almost 600 live viewers on
• 39:32
  YouTube, and 300 live viewers on Rumble.
• 39:34
  If you guys are enjoying the show so far, smash that like
• 39:37
  button. Every smash helps with the
• 39:41
  algos. We're going to be right back in
• 39:43
  just a second. We're going to hit the news.
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  anything on the store. All right, ladies and gentlemen,
• 42:57
  let's jump into today's news story.
• 43:00
  So IA lot on my feed goes by the name of Gary's Economics as a
• 43:07
  content creator. He makes fantastic content.
• 43:11
  I got to give him credit where credit is due, extremely well
• 43:13
  produced. The guy's charismatic.
• 43:15
  The guy knows how to talk and his main argument and what he's
• 43:21
  all about, right, is he's making the argument that there is
• 43:25
  massive wealth inequality in society, which is true, but his
• 43:30
  solution to that is taxing the rich.
• 43:35
  That's his solution to it. And this is where I disagree.
• 43:40
  I've also reason I wanted to bring it up today too is he's
• 43:44
  made an anti Bitcoin video. I got a ton of views and he's
• 43:48
  also made a video when me and Opti were actually kind of
• 43:51
  watching this before the show started, called the devaluation
• 43:56
  of money. It's a 23 minute video.
• 44:00
  We were like 5 minutes in and we still have no idea what he was
• 44:05
  saying. I did manage to get a quote,
• 44:09
  basically the quote that actually explained why, like
• 44:15
  money is devaluing. And he said, quote, economists
• 44:20
  want your money to get devalued. OK, that's great.
• 44:28
  Now we have better money. We don't need economist like I,
• 44:32
  I, I don't like. And this goes back to the whole
• 44:35
  Keynesian thing, right? That's the whole Keynesian
• 44:37
  argument. Like if money doesn't get, you
• 44:40
  know, if there's no inflation, people won't spend.
• 44:44
  That is BS. That's BS.
• 44:48
  Like the idea that money has to lose purchasing power in order
• 44:53
  to function is ludicrous. The world should be naturally
• 44:58
  deflationary. That is the natural form of the
• 45:01
  free market. Go listen to the episode I did
• 45:04
  with Jeff Booth has 215,000 views right now.
• 45:07
  Go listen to it. It's on the simply Bitcoin
• 45:09
  channel. Money should be naturally
• 45:11
  deflationary, but the reason it isn't deflationary is because of
• 45:18
  the manipulation of money by you know who the central banks and
• 45:24
  you can make the argument governments as well.
• 45:27
  So I like where his heart is. I like the fact that he's
• 45:33
  addressing wealth inequality. He did make a video on quote UN
• 45:39
  quote crypto where he essentially connects Bitcoin and
• 45:45
  crypto and NFTS and he puts it basically all in one bag.
• 45:49
  And again, if you look at the production value of all this,
• 45:51
  it's fantastic, right? It's very well done and he has a
• 45:54
  he has charisma and all that stuff.
• 45:57
  And in this video, he basically says that Bitcoin isn't backed
• 46:01
  by anything, right. What's the dollar backed by,
• 46:06
  right? Like if you're going to say
• 46:08
  Bitcoin isn't backed by anything, what is the dollar
• 46:10
  backed by? Right?
• 46:12
  What is the dollar backed by? And I and, and the other
• 46:15
  argument too, is you can't equate mean coins and layer 1
• 46:22
  alt coins with Bitcoin. There's no equating any of them.
• 46:26
  They're they're not equal. NFTS isn't equal to Bitcoin.
• 46:29
  It's not putting it all in one go.
• 46:31
  So part of this video is correct because if you do buy the
• 46:35
  cryptos, you are gambling in a way.
• 46:39
  And I would say the majority of people lose money.
• 46:42
  Some do make money gambling on cryptos.
• 46:45
  But what we advocate here for on Bitcoin, I mean on simply
• 46:48
  Bitcoin is just buy Bitcoin, go about your day, do it for many
• 46:53
  years and your life will get progressively cheaper over time
• 46:57
  because you're saving and earning and money that is
• 47:00
  deflationary regardless of where you are on the economic pyramid.
• 47:06
  It doesn't matter if you're on the lower class or in the middle
• 47:08
  class, if you switch to a money that's better, that protects
• 47:13
  your purchasing power, not only protects your purchasing power,
• 47:16
  increases your purchasing power, your life will get better over
• 47:19
  time. On Gary's channel, he talks a
• 47:25
  lot about the rise of housing. He talks a lot about wealth
• 47:30
  inequality. Let's address the housing aspect
• 47:34
  of it. If you've been saving in
• 47:37
  Bitcoin, housing has gotten cheaper, cheaper, not more
• 47:43
  expensive. If you've been saving in Fiat,
• 47:47
  housing has gotten significantly more expensive.
• 47:52
  So where I I disagree with Gary and I think let me know if you
• 47:58
  guys could hear the sound on this.
• 48:02
  I'm going to play it. Here we go.
• 48:31
  No, I don't think they could hear.
• 48:32
  It send it to me. Let's see if I can.
• 48:36
  OK, but anyways you guys could read send.
• 48:38
  Me the link, send me the link you.
• 48:39
  Guys could read here. I'm gonna I'm gonna send Optia
• 48:42
  link. I don't know what happened Send
• 48:45
  an Optia link, but send it in the whatever.
• 48:49
  But essentially he's making the argument that since the 1970s,
• 48:57
  but his dad used to be able to live.
• 48:59
  Let's see if this works. Let me see, the last 70 years
• 49:02
  are not normal, Steven. The last 70 years are not
• 49:05
  normal. The last 70 years in Europe and
• 49:07
  the US where ordinary people like my dad could work for the
• 49:09
  post office on less than average wage and buy a house and support
• 49:12
  family. It's not normal.
• 49:13
  It's not normal in the world and it's not normal in history.
• 49:16
  Most countries in the world are not like that.
• 49:18
  Most countries have a small super rich elite and a very so
• 49:22
  OK Restream Yeah, I don't, I don't know.
• 49:25
  I don't know what's going on with with the streaming software
• 49:28
  you're using today, but I'll have this playing in the
• 49:29
  background while I talk about it.
• 49:31
  And you guys could also read the subtitles.
• 49:33
  So he says, basically, listen, the last 70 years are not
• 49:36
  normal. The last 70 years are not
• 49:38
  normal. The last 70 years in Europe and
• 49:39
  the US where ordinary people like my dad could work for the
• 49:42
  post office on less an average wage and buy a house to support
• 49:45
  a family. It's not normal.
• 49:47
  It's not normal in the world. It's not normal in history.
• 49:50
  They heard it online, but whatever.
• 49:51
  Most countries have a small, super rich elite, a very large
• 49:55
  group of and a lot of extremely poor people.
• 49:58
  It's most of history. It's most of history in the US.
• 50:01
  You know, we talk about Charles Dickens, hard times.
• 50:05
  OK, see, here's the thing though.
• 50:07
  He's absolutely right. But you know, what happened 70
• 50:10
  years ago? I'll tell you what happened 1970
• 50:13
  years ago. What the what, what happened in
• 50:16
  1971, What happened in 1971? Everybody, this is what he's
• 50:20
  talking about. Wages have not increased, the
• 50:25
  wealth divide gets bigger, wealth inequality gets bigger.
• 50:30
  So he's right, he's right. You can't just have a middle
• 50:34
  class family on one wage living a middle class life.
• 50:39
  Now you need 2 parents working, going out there, having to Fiat
• 50:43
  mine just to maintain. And that shouldn't be the case
• 50:48
  because of the productivity and technological increases that
• 50:51
  we've seen over the last 70 years.
• 50:53
  So what happened in 1971? You know what happened in 1971?
• 51:00
  The Fiat experiment started. The Fiat experiment started.
• 51:07
  This is what this is what happened in 1971.
• 51:11
  The Fiat experiment started. The wealth inequality was caused
• 51:16
  by Fiat. It was not caused by bad tax
• 51:24
  policy. And his solution also advocates
• 51:30
  for taxing the rich. The problem with taxing the rich
• 51:37
  is there something called the Laffer Curve.
• 51:41
  Essentially, the Laffer curve is there is a maximum point of
• 51:48
  which you can increase taxation. After that point, the revenue
• 51:55
  that you're going to raise from taxation starts to go down.
• 52:00
  Why? Because rich people won't pay
• 52:04
  it. They will leave the country.
• 52:06
  They will take their wealth with them.
• 52:09
  So there's only so much you can tax before they say, hey, I'm
• 52:14
  not paying that. I'm leaving.
• 52:17
  And what happens when rich people leave?
• 52:20
  There's no tax revenue because the very wealthy pay the lion's
• 52:27
  share of the taxes already. So anyways, moving back to this,
• 52:33
  I'm going to have this playing in the background because again,
• 52:36
  he has really good production. So his argument is, again,
• 52:44
  there's wealth inequality. He's 100% right.
• 52:50
  It's never been bigger as it is, as today.
• 52:52
  It is today. It's not just that our
• 52:57
  generations can't afford homes. Where I think he's completely
• 53:02
  wrong. Is his solution.
• 53:05
  His solution is to tax the rich. Like I said the Laffer curve
• 53:10
  applies and giving the government or giving the very
• 53:17
  institution more power, which is the very institution that caused
• 53:24
  this in the 1st place. I don't think it's going to fix
• 53:28
  anything. So wealth inequality stems not
• 53:31
  from markets being to free, but from the manipulation of money
• 53:36
  itself. Fiat currency is designed to
• 53:40
  benefit those closest to the money printer, banks,
• 53:43
  governments, and the politically connected.
• 53:46
  Inflation, central bank bailouts and debt monetization transfers
• 53:51
  purchasing power from the working class to asset holders.
• 53:56
  Bitcoin fixes this, not taxing the rich by removing the central
• 54:01
  points of control. It's a hard deflationary
• 54:04
  currency with a fixed supply of 21 coins of 21 million coins.
• 54:10
  Unlike Fiat, it cannot be debased.
• 54:13
  And if you are part of the lower and middle classes and you start
• 54:17
  saving a part of your net worth in Bitcoin, you will experience
• 54:23
  this. You will be able to afford the
• 54:27
  life that you want to want to live.
• 54:29
  It's not going to happen overnight.
• 54:32
  It's not a get rich quick scheme.
• 54:34
  This takes years of discipline, of stacking, of opting out of
• 54:39
  the system. But I promise you, you will
• 54:41
  start feeling the fact, the effects of deflation.
• 54:46
  You will start to see that your Bitcoin stack will have more and
• 54:51
  more purchasing power as time progresses, meaning it will be
• 54:55
  able to buy you more and more things.
• 54:58
  That is in stark contrast to Fiat, which buys you less and
• 55:05
  less things over time. Taxing the rich like like Gary
• 55:09
  proposes is a symptom treatment at best.
• 55:14
  It doesn't fix the root cause, a Fiat system that enriches the
• 55:19
  top .1% via monetary inflation, asset bubbles and cronyism.
• 55:25
  Worse, taxing the rich only empowers the same bloated,
• 55:30
  corrupt system that created the wealth inequality in the 1st
• 55:35
  place. We have to address what is the
• 55:39
  real issue here. The real issue is that inflation
• 55:45
  is the real theft. Inflation is the reason you
• 55:49
  cannot get ahead. Taxing people on the higher
• 55:54
  income bracket is a Band-Aid at best.
• 55:58
  And what has happened historically with every country
• 56:02
  that has implemented A wealth tax, You guessed it, the wealthy
• 56:07
  leave and they end up reversing that wealth tax.
• 56:12
  You have to address the issue now.
• 56:15
  What what makes me suspicious again about Gary's economics,
• 56:22
  and I'll say this before I'll, I'll, I'll, I'll tell you guys,
• 56:26
  my, my thoughts on that is that you don't fix wealth inequality
• 56:31
  by giving more power to the system.
• 56:34
  You fix it by ending Fiat money. And that's what Bitcoin does.
• 56:38
  And again, you don't have to wait for an election, you don't
• 56:42
  have to wait for a politician, you don't have to wait for a
• 56:45
  regulatory change. You can start living that
• 56:49
  deflationary life today. Today you just have to choose to
• 56:54
  opt out by spot Bitcoin, put it in self custody.
• 56:58
  It doesn't matter if you own .01.
• 57:01
  That .01 Bitcoin is going to continue to increase in
• 57:05
  purchasing power over time. And if Michael Saylor's
• 57:08
  prediction comes true, about $13 million Bitcoin in 20 years, you
• 57:14
  can buy $13 million worth of purchasing power today for 100,
• 57:17
  for 100,000, essentially give or take.
• 57:21
  Now, what about Gary? Gary's economics makes me
• 57:26
  sisters. What what gives me a little bit
• 57:28
  of hesitancy is the fact that he talk badly about Bitcoin.
• 57:38
  That's what gives me hesitancy. What also gives me hesitancy is
• 57:43
  he didn't really give a really good explanation as to why money
• 57:48
  loses purchasing power. His explanation is economist
• 57:52
  wanted to lose purchasing power. I have a better explanation.
• 57:56
  Money loses purchasing power because governments spend more
• 58:01
  than they collect in tax revenue and they print the difference
• 58:05
  and that debases the currency. Bitcoiners come up with a
• 58:09
  solution basically saying, listen, there's 21 million, you
• 58:14
  cannot debase it. You can opt in whenever you'd
• 58:17
  like. We already have a solution to
• 58:19
  this and it's not going to the very system itself and saying,
• 58:25
  hey, we got to change this. We've tried wealth taxes in the
• 58:29
  past. They don't work.
• 58:31
  We've tried, like the last century has shown how many
• 58:37
  different economic models have been tried and tested.
• 58:40
  They haven't worked like certain economics work better than
• 58:45
  others. Other economic models work
• 58:47
  better than others. I would say today what we have
• 58:52
  in society, I would say socialist economics, capitalist
• 58:58
  economics. But you know what?
• 59:00
  Under a Fiat system, they're one in the same because you get
• 59:04
  crony capitalism. This is what you're experiencing
• 59:07
  right now. This is the wealth inequality.
• 59:10
  This is what it's causing it. It's the crony capitalism.
• 59:14
  The people that are closest to the money printer are benefiting
• 59:18
  from the system. So of course I would be pissed
• 59:22
  off too. And I think that's where his
• 59:23
  heart is in the right place. But his solution is wrong.
• 59:28
  And you don't have to wait for a change in government policy to
• 59:32
  start living the American dream. All you got to do is you opt out
• 59:38
  of that corrupt system entirely. You opt out of it.
• 59:43
  You say, you know what? OK, I'll take.
• 59:45
  I'll earn in dollars. I'll pay my taxes in dollars.
• 59:48
  That's great. But my savings, I'm going to
• 59:51
  have it in Bitcoin. I promise you your life, your
• 59:55
  life will improve over time without any of this nonsense,
• 1:00:00
  because that's what I see this and it's nonsense.
• 1:00:03
  When you actively attack the actual solution, you don't give
• 1:00:09
  bitcoiners a choice but to respond to you.
• 1:00:13
  And we're responding and we're saying, dude, listen, you're,
• 1:00:16
  you're lost in the sauce, bro. Like you call yourself an
• 1:00:19
  economist, but you have no idea what you're talking about.
• 1:00:23
  What? Taxing the rich isn't going to
• 1:00:25
  fix wealth inequality. Fixing the money is what's going
• 1:00:29
  to fix wealth inequality, Opti. Barge yeah.
• 1:00:36
  So first of all on Gary Stevenson's just like as a
• 1:00:40
  person, he went to the London School of Economics.
• 1:00:44
  And if you know what that school is, then you know it's not a
• 1:00:47
  good school. It is heavily tied with the
• 1:00:49
  World Economic Forum. So you know, that's just like a
• 1:00:52
  a glaring red flag there up front.
• 1:00:55
  From my perspective it's like a instantaneously just disregard
• 1:01:00
  everything he's saying and that doesn't even account for what he
• 1:01:04
  is saying. Literally I was seeing this
• 1:01:05
  other video this morning about him trying to explain the, the
• 1:01:09
  housing unaffordability and I watched like, I don't know, 5-10
• 1:01:12
  minutes of a 28 minute video and he literally said nothing the
• 1:01:16
  whole time. And I'm like, well, like I'm,
• 1:01:18
  I'm 10 minutes into this video and he hasn't said anything
• 1:01:21
  anything at all. And I'm like, what is going on
• 1:01:24
  here? So again, he is a fast talker.
• 1:01:27
  They do have really good production, but he's really not
• 1:01:29
  saying anything as far as like a Bitcoin or even an educated
• 1:01:34
  person is concerned. Now hold.
• 1:01:35
  Hold. On Let me let me hijack this for
• 1:01:38
  a second. OK.
• 1:01:40
  All right, guys, look, just so you know that like business, OK,
• 1:01:46
  this is the average house in Bitcoin terms, right?
• 1:01:52
  How much Bitcoin it would cost you and 2011 like 300,000
• 1:01:59
  Bitcoin, right? Today, 2025 a house cost you
• 1:02:04
  4.54 point 4-5 Bitcoin. 2020 a house would have cost you 20
• 1:02:11
  Bitcoin. This is what we're talking
• 1:02:15
  about. Like guys, like, I'm not going
• 1:02:18
  to sweet talk you and tell you this is whatever.
• 1:02:20
  The data's there, it's right there.
• 1:02:23
  And by the way, this applies to everything.
• 1:02:26
  This applies to food, this applies to cars.
• 1:02:30
  This applies to most stocks. I think Nvidia's the only one
• 1:02:34
  that's outperformed Bitcoin. I'm sorry, like you're trying to
• 1:02:41
  come up with a solution within the system.
• 1:02:45
  The system is what created the problem in the 1st place.
• 1:02:49
  Bitcoiners are actually giving you a solution right now, right
• 1:02:53
  now. And you've made that Channel has
• 1:02:57
  made a video attacking us essentially, basically saying
• 1:03:01
  look like Bitcoin. It's not backed by anything.
• 1:03:03
  It's scant, OK, bro, listen, why?
• 1:03:05
  It's not backed by anything? Look at the data.
• 1:03:07
  Look at the data. If you've been saving a Bitcoin,
• 1:03:10
  look, OK, let's go back 10 years, right?
• 1:03:14
  20/20/2015 A house used to cost you 1161 Bitcoin, 1161 Bitcoin
• 1:03:26
  back in 2015 Q 3 of 2015. So exactly 10 years ago today, a
• 1:03:34
  house cost you 4.45 Bitcoin. What do you think a house is
• 1:03:38
  going to cost you 10 years from now?
• 1:03:40
  In Bitcoin terms? The money is broken.
• 1:03:45
  It's not about the taxes, it's about the money.
• 1:03:49
  The money is broken. That's what it's all about.
• 1:03:52
  And if you fix the money, you fix everything else.
• 1:03:55
  And the beauty of Bitcoin is that you don't have to ask for
• 1:03:59
  permission. You could, you could start just
• 1:04:01
  opting out right now. You can opt out right now.
• 1:04:05
  Go on Bitcoin. Well, buy yourself some Bitcoin.
• 1:04:08
  Send it to your cold card. Wait four years.
• 1:04:11
  Wait eight years. You're going to tell me, Nico, I
• 1:04:13
  love you. You're a genius.
• 1:04:14
  I'm going to say I'm not. I'm not a genius, dude.
• 1:04:16
  I just bought Bitcoin. You just bought Bitcoin.
• 1:04:17
  It's just better money. That's all it is, all right?
• 1:04:21
  It comes down to that, all right?
• 1:04:22
  I'm, I'm, I'm done, bro. I'm done.
• 1:04:23
  I'm done. Yeah, yeah, I know.
• 1:04:25
  Great. Go off King *** broke down the
• 1:04:30
  whole his his bad economics here.
• 1:04:32
  So Gary's economics is just it's just wrong.
• 1:04:35
  And I think the most nefarious aspect of what he's doing, it
• 1:04:40
  really goes down to like the really high production of his
• 1:04:43
  content. And he's really, you know, maybe
• 1:04:47
  this is harsh, but he's scamming the rubes out there, like the
• 1:04:50
  people that don't know what's going on.
• 1:04:52
  He is the one kind of like selling them a bad bag here.
• 1:04:56
  And and it's actually horrible. Now, my biggest problem with
• 1:04:59
  Stevenson, Gary Stevenson is I've heard him say it one time
• 1:05:03
  essentially, like give up hope. You have no hope for ever
• 1:05:06
  getting rich. Like don't even try.
• 1:05:07
  And I'm like, what kind of advice is this at all like the
• 1:05:12
  opposite of what we try to do here is as we all know, you
• 1:05:16
  know, go to hope.com. Bitcoin is hope like there is an
• 1:05:19
  out here, there is a solution to this problem versus just trying
• 1:05:23
  stuff that we, you know, doesn't work like, you know, taxing the
• 1:05:27
  rich or even worse, don't even try, bro.
• 1:05:29
  Like you're never going to get rich.
• 1:05:30
  You're never going to get out of the middle class or lower middle
• 1:05:32
  class or out of poverty. Just don't even try.
• 1:05:34
  Like it's not even worth trying. And you're like, what kind of
• 1:05:37
  what kind of financial advisor is this?
• 1:05:39
  It's like he's like the worst kind of snake oil salesman where
• 1:05:42
  he's just telling people, hey, don't even try man.
• 1:05:44
  Look again, maybe his heart's in the right place.
• 1:05:48
  I agree with you, by the way. The London School of Economics
• 1:05:51
  is known for certain ideological bents, to put it nicely.
• 1:05:58
  But you know, we got to give him the benefit of the doubt.
• 1:06:01
  You know, OK, you know, maybe his heart's in the right place,
• 1:06:07
  but I just think he's wrong. I think he's naive.
• 1:06:10
  And you can start, you don't have to wait for a regulatory
• 1:06:14
  change or anything. You can start living a
• 1:06:16
  deflationary life today if you opt out of the system, you buy
• 1:06:20
  Bitcoin and you put it in self custody and that's all you have
• 1:06:23
  to do I'm not again, it's it's not it's not crazy, it's not
• 1:06:27
  radical. It's it's not it's not like I'm
• 1:06:30
  it's not a great change in your life.
• 1:06:32
  You just opt out. You say look, this is great like
• 1:06:35
  Fiat all right dude, you have fun.
• 1:06:38
  I love you bro. It's great to know you It was
• 1:06:41
  fun, but you know now I got Bitcoin right It's that it's
• 1:06:47
  that simple like it's that simple.
• 1:06:49
  I promise you over time, like should I pull up the chart again
• 1:06:53
  to like repeat myself like like it it it guys, the data speaks
• 1:06:58
  for itself like don't don't trust me, listen, don't trust me
• 1:07:01
  at all. Look, look at the data yourself
• 1:07:04
  go priced in Bitcoin houses priced in Bitcoin eggs priced in
• 1:07:09
  Bitcoin. Look at the data.
• 1:07:11
  It all goes it all gets cheaper. So anyhow.
• 1:07:16
  Anyways, anyways, unlike Gary Stevenson, I love rich people.
• 1:07:19
  So shouts out the Mexico Hotel for the other $20 super chat and
• 1:07:23
  he goes what to take a moment to share one some heart to two of
• 1:07:27
  my favorite Mexicans. There's only one Mexican here,
• 1:07:30
  OK. Keep up the good work.
• 1:07:33
  Boys or whatever you identify us.
• 1:07:35
  Thank you. Yeah.
• 1:07:35
  See. Love, rich people.
• 1:07:36
  Let's go. Appreciate it all right
• 1:07:40
  everybody well, we're going to get hit the culture.
• 1:07:42
  If you guys are enjoying the show 2800 of you guys watching
• 1:07:44
  live between YouTube and X500 excuse me 567 people watching
• 1:07:50
  live on YouTube, 2278 watching live on X and 220 of you guys
• 1:07:56
  watching live on rumble. If you guys are enjoying today's
• 1:07:59
  show, make sure to smash that like button.
• 1:08:01
  We are going to hit the culture segment.
• 1:08:03
  We're going to be right back in just one second.
• 1:08:07
  I want to give a shout out to our partner Hive Digital
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  All right, guys, I, I. Are we doing paid group?
• 1:10:12
  No, no, no, we're not chart buying.
• 1:10:14
  This is not chart buying. I saw Willy Woo tweet this
• 1:10:17
  weekend, and it is a bit concerning to say the least.
• 1:10:22
  And actually, Nico, this might be the time when you go find the
• 1:10:25
  cold card, but whatever. It doesn't.
• 1:10:27
  Yeah, if I'll be right back. All right, I'll RIP this and
• 1:10:32
  I'll yell so you can hear me. So what am I showing you?
• 1:10:34
  Nico's calling me that I'm doing my paid group, but I'm not
• 1:10:37
  Willie. We did this chart here or
• 1:10:39
  actually this is on glass node. But he tweeted and he goes.
• 1:10:42
  Since spot ETS became available, the growth rate of self custody
• 1:10:46
  users has been in decline, breaking a 15 year trend.
• 1:10:49
  So you can see the white line here is the Bitcoin price and
• 1:10:53
  then you can see the Bitcoin entities net growth, basically
• 1:10:56
  people holding their own Bitcoin.
• 1:10:58
  And you can see the you know the the the point where BlackRock
• 1:11:02
  ETFs launched and it seems to be falling off a Cliff.
• 1:11:07
  And so anyways, as you guys know here, what we always advocate on
• 1:11:11
  the show is it's cool to get Bitcoin exposure.
• 1:11:14
  You know, maybe that's your first step.
• 1:11:16
  That's how you kind of get your your toes into this market.
• 1:11:19
  Again, time in the market beats timing the market.
• 1:11:23
  You know, I love anyone that is willing to take the leap and get
• 1:11:26
  some Bitcoin exposure, you know, get into the market, but you're
• 1:11:30
  not done unless you're taking that Bitcoin into personal
• 1:11:34
  custody. Self custody is the revolution.
• 1:11:36
  Taking custody of your Bitcoin personally is the revolution.
• 1:11:40
  And as we're seeing, there has been a lot of conversation of
• 1:11:43
  where is retail, retail is not here, retails asleep.
• 1:11:47
  A lot of probably the new retail money is going into these ETFs,
• 1:11:51
  which basically means that no one is taking or these new
• 1:11:54
  entrants aren't taking custody of their Bitcoin.
• 1:11:57
  And now we kind of have the data to prove that a lot of the
• 1:12:01
  capital that is flowing into the market is going into these ETFs
• 1:12:04
  and it's obviously a different type of investor.
• 1:12:08
  So everyone on this video right now, you need to do the
• 1:12:13
  homework. You need to take your Bitcoin
• 1:12:16
  into custody because the data is showing that people aren't
• 1:12:19
  taking into custody. Obviously, there's a whole new
• 1:12:21
  investor, quote UN quote, investor in Bitcoin.
• 1:12:24
  There's a whole new kind of ideal customer at the moment
• 1:12:27
  right now. And it's probably people buying,
• 1:12:29
  you know, corporate treasuries or ETF, but we're seeing the
• 1:12:32
  numbers drop in regards to people taking custody of their
• 1:12:37
  Bitcoin. And that needs to improve.
• 1:12:39
  As we always say, you know, first, get Bitcoin exposure.
• 1:12:42
  Second, you're not done until you take that Bitcoin into
• 1:12:45
  custody. And 3rd is, of course, you
• 1:12:48
  probably want to run a node so you can verify that you are
• 1:12:51
  actually receiving real coin. Now on that same trend, we are
• 1:12:55
  seeing that retail is kind of waking up.
• 1:12:57
  We've been showing you the Google trends for a while.
• 1:13:00
  It was absolutely asleep. Now it looks like more people
• 1:13:04
  are Google searching to buy Bitcoin.
• 1:13:06
  So right now we are seeing retail come into the market.
• 1:13:10
  Yes, it's the beginning. Yes, it's probably just the
• 1:13:13
  start of this, but we are starting to get more data that
• 1:13:17
  retail is showing up. They're just not showing up
• 1:13:20
  exactly how we probably showed up in the past.
• 1:13:24
  And I think that just kind of goes to show that we as not just
• 1:13:27
  us here at simply Bitcoin, but every one of you guys as an
• 1:13:31
  individual with your friends and your family, we have to continue
• 1:13:34
  to emphasize self custody. Yes, it's kind of like there's
• 1:13:37
  steps to this. You probably don't want to just
• 1:13:40
  tell your dad like, you know, buy 100K and instantly take it
• 1:13:44
  into self custody. You probably want to do this at
• 1:13:47
  like. That's a bad idea.
• 1:13:48
  Yeah, you probably want to do this in like baby steps, but it
• 1:13:52
  goes to show a lot of people coming into the base are just
• 1:13:55
  coming for the Fiat price gains and we need to work on getting
• 1:13:59
  more people to take custody of their Bitcoin.
• 1:14:02
  So as we're starting to kind of mature and evolve and also the
• 1:14:07
  nation state land on our front door, we got to remember to tell
• 1:14:12
  people to take custody of their Bitcoin because if you're not
• 1:14:15
  custodying your Bitcoin end up in a position like gold was in
• 1:14:19
  the past. Like This is why we constantly
• 1:14:21
  say that that custody of your Bitcoin is the revolution.
• 1:14:25
  You need to hold that Bitcoin directly.
• 1:14:27
  You need to control your own money.
• 1:14:29
  So this is kind of a worrying data point here that we're not
• 1:14:33
  really seeing more addresses on on, you know, on chain in on
• 1:14:38
  main net, a lot of the capital seemingly going into the ETFs
• 1:14:41
  and maybe people are selling some of their Bitcoin to go into
• 1:14:44
  ETF and treasuries right now. So kind of kind of a buzzkill to
• 1:14:49
  end today's show, not going to lie.
• 1:14:51
  But it it's a very important PSA.
• 1:14:54
  Yeah, I mean, and it's super cultural, you know, it's it's
• 1:14:58
  very, very important that I want because, oh, sorry, Opti, could
• 1:15:02
  you put? The Yeah, online.
• 1:15:04
  Here we go. Like that is extremely
• 1:15:07
  troubling. Guys, guys, I'm telling you that
• 1:15:11
  like you guys have to understand something.
• 1:15:14
  Nothing changes unless individuals take custody of
• 1:15:19
  their Bitcoin because they're gonna do it the exact same thing
• 1:15:22
  they did to gold, the exact same thing.
• 1:15:26
  I wouldn't be surprised. And we were actually, Opti and I
• 1:15:30
  were actually joking about this before we went on air.
• 1:15:33
  I wouldn't be surprised if we saw 22 or 23 million Bitcoin.
• 1:15:39
  Officially, I said 42. I, I wouldn't be surprised if we
• 1:15:43
  saw 22 or 23 million Bitcoin. Now, is it because there's 23 or
• 1:15:49
  24,000,000 Bitcoin? No, but because there's more
• 1:15:52
  Bitcoin than there actually is. And that's what paper Bitcoin
• 1:15:55
  is, right? And the only way you protect
• 1:16:01
  yourself from this. And by the way, like I like what
• 1:16:05
  certain on ramps are doing. I like what certain ETFs are
• 1:16:11
  doing. I like what certain institutions
• 1:16:13
  are doing, where they're making, like the Tether guys, shout out
• 1:16:18
  to Paolo, like the, the Tether Bitcoin address is public.
• 1:16:22
  We see the 94,000 Bitcoin in that address, the El Salvador
• 1:16:27
  Bitcoin Reserve. It's public.
• 1:16:30
  We see how much Bitcoin is in that address.
• 1:16:33
  Every ETF should have a public address that people can see on
• 1:16:39
  the chain. That's the only way these things
• 1:16:42
  change. And by the way, the revolution,
• 1:16:46
  the change fails completely if individuals don't reclaim their
• 1:16:55
  financial sovereignty from currency debasement and take
• 1:16:59
  that Bitcoin into self custody. Enough of if enough of the
• 1:17:04
  population does that, the world will fundamentally change for
• 1:17:09
  the better. I would say it's between 7 and
• 1:17:13
  20% of the population. So we still have a long way to
• 1:17:18
  go. So I see V for Vendetta in the
• 1:17:21
  chat. If you guys are intimidated by
• 1:17:23
  self custody, go to our friends over a Bitcoin way the Bitcoin
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  way tell them simply Bitcoin send you check out our sponsors,
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  You get yourself one of the best Bitcoin hardware wallets in the
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  game. You take self custody with this
• 1:17:51
  thing, right So. Take self custody.
• 1:17:56
  And then eventually you want to run a node, but it's a little
• 1:17:58
  bit more complicated. I would say the primary, like
• 1:18:03
  the essentials. I would say this, I'm going to
• 1:18:06
  say it. I think we had someone who came
• 1:18:08
  on the show and said this. You are not a real Bitcoiner
• 1:18:12
  unless your Bitcoin is in self custody.
• 1:18:15
  You're not a real Bitcoiner. If you have a Bitcoin IOU and
• 1:18:20
  exposure to Bitcoin through an institution, listen all the
• 1:18:24
  power to you. But you don't know Bitcoin and
• 1:18:27
  that Bitcoin isn't yours. It's an IOU towards you, but
• 1:18:31
  it's not yours. If you want actual sovereignty,
• 1:18:35
  take self custody of your Bitcoin.
• 1:18:38
  Is it easy? Yes and no.
• 1:18:43
  Is it easier than sending a wire transfer?
• 1:18:46
  Yes. Is it easy if you can make a
• 1:18:49
  sandwich, if you could take care of a child, you could take self
• 1:18:53
  custody of your money. OK, it's not that complicated.
• 1:18:57
  It's literally not rocket science.
• 1:18:59
  And then after, you know, you could go down the rabbit hole of
• 1:19:03
  running a node, which these days it's really not that hard.
• 1:19:06
  Like check out our boys at start 9.
• 1:19:07
  Like literally like you can buy one that's fantastic pre made
• 1:19:12
  plug and play Bom Bing bom boom you.
• 1:19:13
  Haven't I just re plugged mine in?
• 1:19:15
  You know, after the move, I'm hyped.
• 1:19:17
  So, you know, check out our boys over at Start 9.
• 1:19:20
  The link is the link's in the in the video slash podcast
• 1:19:23
  description. So yeah, I mean, boys and gals,
• 1:19:29
  girls, boys and gals take this seriously because if not all
• 1:19:36
  that, what we've done these last 16 years has been for nothing
• 1:19:41
  and they're just going to paper the F out of this thing.
• 1:19:44
  And you know what they do? What happens when they paper the
• 1:19:46
  F out of this thing? The price ain't going up.
• 1:19:49
  Bro did this is literally what they did to gold, right?
• 1:19:53
  So take this seriously, keep your head on a swivel, and I
• 1:19:59
  love you guys. V for Vendetta saying self
• 1:20:01
  custody is very easy. I agree, I agree V It's.
• 1:20:05
  Just a learning. Curve, I agree V, but at the
• 1:20:06
  same time, like, man, I've been in this game as long as you
• 1:20:10
  have, bro. Like for some people, I think I
• 1:20:13
  think convenience is, is like very, very tempting and they
• 1:20:20
  just don't want to put in the work.
• 1:20:21
  If you put in the work, I do agree with V it is extremely
• 1:20:24
  easy. So yeah, head over to the
• 1:20:27
  bitcoinway.com. Those boy our our friends over
• 1:20:30
  there will help you get set up with self custody.
• 1:20:34
  Do it love you guys appreciate it.
• 1:20:36
  Smash the like button. If you guys enjoyed today's
• 1:20:38
  fantastic show. V says generational wealth is
• 1:20:41
  only possible when you hold your own Bitcoin.
• 1:20:44
  I completely agree. Love you all for tuning in
• 1:20:48
  today. It's been a fantastic show.
• 1:20:51
  Smash that like button. Go enjoy your family.
• 1:20:53
  Go get some sun. And of course, we'll be back
• 1:20:56
  tomorrow for another episode of Simply Bitcoin Live.
• 1:21:01
  Today's episode was brought to you by bitcoinwell.com, a
• 1:21:04
  Bitcoin only platform on a mission to enable financial
• 1:21:07
  independence.