Latest / Simply Bitcoin / We Finally know why JP Morgan was attacking MSTR… | EP 1386

Transcript

We Finally know why JP Morgan was attacking MSTR… | EP 1386 · Simply Bitcoin

• 0:01
  Yeah, we finally know the reason why the world's largest bank has
• 0:06
  been attacking strategy and Bitcoin this past week.
• 0:10
  It's a lot more insidious than we thought it was.
• 0:13
  I would say on the verge of Machiavellian, some 40 chess
• 0:18
  type of stuff. JP Morgan has partnered up with
• 0:21
  BlackRock, officially launching a new Bitcoin product that's
• 0:26
  essentially competing with Michael Saylor's 2025 Bitcoin
• 0:31
  Playbook. What's really interesting on the
• 0:34
  is on the same day they also released a new Bitcoin price
• 0:39
  predicting 240,000 Bitcoin. Did JP Morgan just cancel the
• 0:46
  big the bear market to really pump their bags?
• 0:51
  I think that's the question of today, but I kind of want to go
• 0:54
  down memory lane a little bit. And of course I'm joined here
• 0:57
  with my legendary Co host, good friends and business partner
• 1:01
  Optimus Fields, Co founder of simply Bitcoin.
• 1:03
  And I will say happy Thanksgiving, everybody.
• 1:06
  We're here drinking some Bailey's equivalent, having a
• 1:10
  good time. We're working for you guys on
• 1:12
  Thanksgiving. You can't really blame us.
• 1:14
  But what I'm really saying is like, holy effing cow.
• 1:19
  Like we went from Monday thinking that, you know, wow,
• 1:24
  you know, Jamie Dimon was like doing this with his fingers and
• 1:27
  he was twirling his mustache. He doesn't even have a mustache,
• 1:29
  but a figurative mustache. And he was like, OK, I'm going
• 1:33
  to take down MicroStrategy. That's not at all what he was
• 1:36
  doing. What he was actually doing was
• 1:39
  he was fighting strategy while simultaneously coming up with a
• 1:44
  strategy a, a strategy equivalent product, which tells
• 1:49
  me a couple of things because you got to look at the buried
• 1:52
  lead here. The buried lead here is that
• 1:55
  he's confirming that Michael Saylor's thesis is correct.
• 2:01
  That's the alpha. That's the effing signal right
• 2:05
  there, ladies and gentlemen, because he wouldn't be doing
• 2:08
  this if he didn't think that Strategies Pay Playbook had long
• 2:14
  term viability #2 he sees strategy as a long term threat.
• 2:21
  You don't have JP Morgan reacting the way they reacted.
• 2:27
  And of course we have all the receipts for you guys.
• 2:29
  You guys know the deal here by now.
• 2:32
  He wouldn't be reacting this way if he didn't believe that in
• 2:38
  10-15 years strategies, playbook and thesis was correct.
• 2:44
  Because if Michael Saylor is correct, he will be the richest
• 2:49
  man in the world or the second richest man in the world.
• 2:52
  If if, if Elon's thesis about these autonomous AI powered
• 2:56
  robots plays out, I'm very, very bullish on.
• 3:00
  Tesla. Long term, and I know Opti's
• 3:02
  going to be very, you know, very it it, it is called the optimist
• 3:06
  robot, right. So I understand why Opti
• 3:08
  wouldn't like it. But the the, the the point I'm
• 3:11
  trying to make though is that with sailors current position as
• 3:15
  market leader with 650,000 Bitcoin and I think the second
• 3:21
  largest treasury company is like Mara and 21 and they have like
• 3:25
  50,000 Bitcoin. For them to catch up to
• 3:29
  strategy. It's just it's, it's, it's a
• 3:32
  monumental effort, right? So strategy has this like first
• 3:36
  mover advantage. Now, if you were one of the
• 3:39
  traditional banks and you're looking at strategy, the way
• 3:43
  that I would look at strategy is like strategy is basically a
• 3:48
  non, even though the Federal Reserve is non is is non
• 3:51
  government entity. But the way that I would look at
• 3:54
  strategy is I would say, Oh my God, this is like a non
• 3:58
  sovereign private Bitcoin central bank.
• 4:04
  That's right. I said it, I said it Opti, I
• 4:07
  said it. I said I have no shame right
• 4:09
  now. My my filters are are not
• 4:12
  filtered. So the point I'm trying to say
• 4:17
  is like, this is crazy. What just happened this past
• 4:21
  week. This is wild.
• 4:22
  This is bananas because like, essentially they try to trip up
• 4:30
  MicroStrategy, shorting the stock, getting all this FUD.
• 4:34
  The Bitcoin price went down to 80 K, and then they're like,
• 4:38
  hey, guys, actually, we actually have a better Bitcoin product.
• 4:43
  Yeah, that's crazy. So what am I talking about?
• 4:45
  Let's check out this Yahoo article.
• 4:47
  JP Morgan's structured notes offer potentially massive
• 4:52
  returns if Bitcoin surges by 2028.
• 4:56
  Now that makes no effing sense. Think about that for a second.
• 5:00
  Right on Monday, they were flooding the market.
• 5:05
  They're trying to market. They're trying to make the
• 5:07
  market go down because whether you like it or not,
• 5:12
  MicroStrategy or strategy, it's not called MicroStrategy more
• 5:14
  strategy acts as like a proxy for the Bitcoin price in the
• 5:18
  traditional finance and the financial markets.
• 5:21
  So if you're shorting the hell out of strategy, the Bitcoin
• 5:26
  price is going to go along, is going to go down along with it.
• 5:29
  That's just going to happen. And then simultaneously on
• 5:33
  September on, on November 25th, they come out and saying, hey
• 5:37
  guys, actually, if Bitcoin surges by 2028, which is a high
• 5:43
  likelihood, if we're we're being honest and sincere here, you're
• 5:48
  actually going to make a shitake ton of money, right?
• 5:53
  Like that's what's going to happen, right?
• 5:55
  So let's take a let's take a look at some of this article JP
• 5:58
  Morgan Chase has filed with regulators for a leveraged
• 6:01
  product that would allow investors to bet on the future
• 6:05
  of future price of Bitcoin and potentially earned uncapped
• 6:09
  returns if the price of BTC falls by late next year, but
• 6:14
  then soars by 2028. Now think about that for an
• 6:18
  effing second, all right, think about that for a second.
• 6:22
  So it kind of makes sense, right?
• 6:24
  Why they were MicroStrategy while they're fighting Bitcoin
• 6:29
  It, it works so good that we went down to 80 F&K, right?
• 6:35
  You know, me and Opti are divided on this.
• 6:37
  I still think we're going to have a not a crazy bear market.
• 6:41
  I don't think we're going down 80% Seventy Ki could be 70%.
• 6:46
  I I could be wrong here. I just don't foresee that
• 6:49
  happening with the amount of institutional interest.
• 6:51
  But I still am on the fence of like I've, I've felt this
• 6:54
  feeling before in terms of my last bear markets 2018 and 2022
• 7:00
  and I'm feeling that feeling. Opti disagrees.
• 7:03
  Opti still thinks we still have gas in the tank.
• 7:05
  We shall see. This is not a a speculative
• 7:09
  chart. Boy type of show.
• 7:10
  This is more of like a culture type of vibe show slash
• 7:14
  entertainment show. But this is nuts.
• 7:17
  This is crazy. You know, it's so interesting to
• 7:19
  me because I was talking to a buddy of mine and he's a good
• 7:23
  buddy of mine, man. And he worked in the traditional
• 7:26
  markets. And I'm like, dude, they're
• 7:27
  manipulating the price of Bitcoin.
• 7:28
  And he's like, bro, that's some weak sauce type of shiitake,
• 7:33
  Nico. Like, what are you talking
• 7:34
  about? They're manipulating the type of
• 7:36
  dude, Wall Street. This is how Wall Street
• 7:39
  operates, bro. This is not manipulation.
• 7:41
  This is their normal course of business, right?
• 7:44
  Like what? Get this manipulation stuff out
• 7:47
  of they're trying to shake you out of their bags, shake you out
• 7:50
  of your bags so they can buy your Bitcoin.
• 7:52
  Like it comes down to that. Like, welcome to Wall Street
• 7:55
  capitalism, if you even call it that.
• 7:57
  Welcome to the adults. Table right?
• 7:59
  Welcome to the adults table. Exactly.
• 8:01
  So anyways, this is a a Monday filing with the SEC from the top
• 8:04
  bank shows that the proposed leveraged product in the in the
• 8:09
  form of a structured note would allow investors to bet big on
• 8:13
  the on the leading cryptocurrency via the BlackRock
• 8:18
  ETF. The financial instrument has
• 8:20
  some quirks, however. According to prospects, if the
• 8:24
  price of Bitcoin ETF is equal to or above the set price by
• 8:28
  December 21st, 2026, then JP Morgan will JP Morgan Chase will
• 8:34
  call the notes, providing a payment of at least $160 per
• 8:38
  note. Excuse me, but if the price is
• 8:41
  below that mark in a year's time, then the notes will keep
• 8:45
  riding until 2028. In that case, if the product is
• 8:49
  approved by the SEC, of course, investors would be able to earn
• 8:53
  1.5 X returns on whatever gains the cryptocurrency marks makes
• 8:59
  by the year 2028, potentially clearing the way for massive
• 9:03
  rewards. JP Morgan called the potential
• 9:06
  return uncapped, which means if Bitcoin soars to new highs by
• 9:09
  2028, which means the ETF share price would follow suit, then
• 9:13
  the amplified gains could be sizable indeed.
• 9:16
  But if Bitcoin price crashes hard by 40% or more than
• 9:20
  investors would lose a substantial portion of their
• 9:23
  initial investment, according to the filing.
• 9:25
  Big risk, big reward or loss quote.
• 9:29
  Bitcoin has historically exhibited high price volatility
• 9:34
  relative to more traditional asset classes and has
• 9:37
  experienced extreme volatility in recent periods and may
• 9:40
  continue to do so, which may increase the volatility of the
• 9:44
  fund, the filing notes. That's some sketchy ass type of
• 9:49
  wording. So again, if this product was
• 9:54
  released in a vacuum in and of itself, I wouldn't be
• 9:59
  suspicious. I would.
• 10:00
  I would be. It's not suspicious as the
• 10:02
  incorrect word because I think we all have to put our big boy
• 10:05
  point, a big boy pants on now or big gal pants.
• 10:09
  You know and understand that this is Wall Street's game now.
• 10:16
  Bitcoin is Wall Street's game now.
• 10:18
  Like this isn't what we're used to, which is this retail driven
• 10:23
  type of market. This is not the situation
• 10:28
  anymore. So now you have professionals,
• 10:31
  now you have people the most the the wealthiest, smartest.
• 10:37
  There's a reason it's called smart money, right?
• 10:40
  Firms in the world that are behind these banks are behind
• 10:44
  these products and when they release this type of product,
• 10:50
  you got to ask yourself, OK, so it's big reward.
• 10:54
  There's the carrot, but if the if it goes the other way,
• 10:57
  they're like, you know what, you took the risk, man.
• 11:01
  Like it's, it's you took the risk that's on you.
• 11:06
  Like we told you so in the small letters and you guys decided not
• 11:12
  to like that's not our fault. So this is what's happening.
• 11:16
  Wall Street is getting into the Bitcoin game.
• 11:19
  The market is fundamentally changing.
• 11:22
  I can say for, for a fact, I'm very confident you, you know
• 11:26
  nothing for a fact, none of this is financial advice, but I'm
• 11:29
  very confident from like a gut instinctual feeling that I think
• 11:34
  the Bitcoin markets have fundamentally changed since the
• 11:38
  introduction of the Bitcoin BlackRock ETF in January of
• 11:42
  2024. I think the markets have
• 11:45
  changed. I think that it's just a
• 11:47
  different ball game now. And now you have the
• 11:49
  professionals, because that's what they are the professionals
• 11:52
  entering in and they're seeing all these wealthy ass retail
• 11:57
  people that got filthy rich during the last pumps, right?
• 12:04
  And I think they're like, I'm going to take this kids candy.
• 12:08
  I'm going to take, you know, I'm going to take this.
• 12:10
  This retail kid thinks he knows what he's doing.
• 12:13
  OK, you bought Bitcoin 300K. Good for you.
• 12:16
  I'm going to shake you out of your bags, bro.
• 12:18
  I think that's what's happening. So anyways, moving on to this
• 12:22
  next piece of source material. Here's Adrian part of Bitcoin
• 12:26
  for corporations is the timeline of the MSTR hit job is complete
• 12:30
  and it all makes sense now JP Morgan and Morgan JP Morgan and
• 12:34
  Morgan Stanley are launching leverage black Bitcoin ETF
• 12:38
  products. The the connection who is MSCI
• 12:43
  Morgan Stanley Capital International the play the index
• 12:47
  threatens to displace their competitors MicroStrategy and
• 12:52
  Metaplanet, and the banks file products to capture displaced
• 12:56
  capital into the Black Rock ETF. The updated timeline Jim Kanos
• 13:02
  announced his long BTC short MSTR trade a bladed attempt to
• 13:07
  sway market sentiment. July 7th, JP Morgan implements a
• 13:11
  firm wide margin margin hike on trading MSTR 50% to 95%.
• 13:17
  August 29th, JP Morgan releases a fact sheet and a preliminary
• 13:22
  pricing supplement for leveraged products linked to the Black
• 13:25
  Rock ETF. September 12th, Metaplanet
• 13:28
  announces a capital raise. MSCI panics realizing more
• 13:33
  companies are adopting the Sailor playbook at scale.
• 13:37
  MSCI announces an extension of of its ongoing consultation with
• 13:43
  the investment community exactly 16 minutes before President
• 13:46
  Trump's tariff announcement that triggered the global flash
• 13:50
  crack. This is bonkers.
• 13:53
  Holy cow. October 14th, 4 days later,
• 13:57
  Morgan Stanley, the creator and former parent of MSCI, files
• 14:03
  with the SEC for a contingent income auto callable security
• 14:08
  link to the BlackRock ETF. November 14th JP Morgan files
• 14:13
  for its own BlackRock ETF structure.
• 14:16
  No November 20th, the so-called kill shot on the exact same day.
• 14:21
  Again, there's no conspiracies, but there's also no
• 14:23
  coincidences. JP Morgan releases quote the
• 14:26
  free writing prospects to sell its BlackRock ETF note JP Morgan
• 14:32
  dredges up the 42 day old MSCI note to scream delisking risk.
• 14:39
  Present day we still see reports of frozen strategy shares out of
• 14:44
  JP Morgan and failure to deliver spikes in strategy.
• 14:48
  They aren't protecting you from risk, they're trying to kill
• 14:51
  strategy to engineer a creation to their products for Bitcoin
• 14:57
  leverage exposure. Holy effing cow.
• 15:01
  The Thanksgiving Day is the wildest 1 and I'm here with my
• 15:06
  boy drinking Baileys. Happy.
• 15:12
  Thanksgiving, everybody, but this is some crazy.
• 15:15
  Remember on the Monday show, you guys are all commenting, you're
• 15:18
  like yo, Nico's is, is passionate, feels good about
• 15:21
  this. He's like, he understands it.
• 15:24
  This is some movie level crazy financial type of warfare
• 15:31
  shenanigans. And I'll tell you what, if I
• 15:34
  were to pick between team Jamie Dimon and Team Sailor, I'm on
• 15:40
  Team Sailor every day of the effing week.
• 15:45
  Now is that a supplement to spot Bitcoin in self custody?
• 15:48
  No, I think that's the revolution for individuals.
• 15:52
  But whether you like it or not, as Jeff Booth says, the thing
• 15:56
  about Bitcoin is that you're going to have to be OK with even
• 16:00
  your worst enemy using Bitcoin. Now, that's not to say that JP
• 16:04
  Morgan or Sailor are enemies, but that's to say that there is
• 16:10
  an inevitability of Wall Street wanting to benefit from NGU
• 16:16
  technology. Now, what's really crazy here is
• 16:20
  that Wall Street right now, specifically the largest bank in
• 16:24
  the world and one of the largest banks in the world is like, you
• 16:27
  know what, I really like what sailors doing.
• 16:29
  We actually want to benefit from that the most, which is, and
• 16:33
  then they're willing to FUD and crash the Bitcoin price.
• 16:37
  And according to this timeline, they're willing to use their
• 16:44
  connections at the White House to get as many people into their
• 16:49
  product versus the strategy product, which is just wild.
• 16:56
  Here's Mark Moss and he says looks like JP Morgan likes
• 16:59
  sailors model give investors A safer, less volatile return on
• 17:04
  Bitcoin, capping the upside, even the downside while they
• 17:08
  capture the bulk of the move. Here's Adam Livingston.
• 17:13
  JP Morgan just admitted Bitcoin won.
• 17:16
  JP Morgan just filed structured notes tied to Blackrock's
• 17:20
  Bitcoin ETF with leverage, upside, conditional early call,
• 17:25
  and multi year convexivity exposure.
• 17:29
  To decode this, you need to understand what banks actually
• 17:32
  use these notes for. This is JP Morgan selling
• 17:35
  convexivity on Bitcoin into institutional demand while
• 17:39
  hedging the other side internally?
• 17:41
  This product shows JP Morgan believes Bitcoin is too big to
• 17:46
  ignore and too profitable not to financialize, which I said in
• 17:52
  the very beginning. Here's TFTC and they say JP
• 17:56
  Morgan goes from attacking bitcoiners to declaring Bitcoin
• 18:01
  a macro asset class in the span of a week, which is what we told
• 18:06
  you guys on Monday. On Monday.
• 18:09
  Nico, Nico, I think it's totally worth the read.
• 18:10
  Read, read this paragraph 'cause I mean, I'm, I'm gonna take a
• 18:14
  victory lap on this one, but read the paragraph and then
• 18:16
  we'll talk about it. Excuse me?
• 18:20
  Happy Thanksgiving everyone. Crypto's emerging as a tradable
• 18:24
  macro asset class. Crypto is moving away from
• 18:27
  resembling A venture capital style ecosystem to a typical
• 18:32
  tradable macro asset class supported by institutional
• 18:35
  liquidity rather than retail speculation.
• 18:38
  In the early stages, crypto projects received large private
• 18:42
  rounds of funding and fewer structure to trade in in a
• 18:46
  liquid scalable way. With retail investors buying
• 18:49
  late after valuations had already risen sharply, retail
• 18:54
  investors participation has fallen and the space now depends
• 18:58
  depends more on institutional investors to stabilize flows to
• 19:02
  reduce volatility and anchor long term prices.
• 19:06
  Cryptocurrency still present investing opportunities as they
• 19:09
  are relatively liquid yet structurally inefficient and
• 19:12
  liquidity remains uneven resulting in large price
• 19:16
  fluctuations. Cryptocurrency prices are now
• 19:19
  more influenced by broader economic trends rather than
• 19:22
  cryptos. Predictable for your having
• 19:24
  cycle, the process where the rate of new supply of Bitcoin is
• 19:28
  cut in half and followed by a bull market rally.
• 19:32
  One speaker noted that it could potentially reach $240,000 over
• 19:39
  the long run, thus indicating it is a multi year growth play.
• 19:44
  That's right. You have JP Morgan basically
• 19:47
  admitting if you read between the lines that, hey, I think the
• 19:51
  four year cycle is over. It's over, dude.
• 19:54
  It's over. But this has been an incredible
• 19:58
  week. Holy cow, all the things that
• 20:00
  have happened on Monday, we thought, Oh my God, Jamie Dimon,
• 20:06
  he's pulling out his knives. He's like he's threatened by the
• 20:09
  price of Bitcoin. No, we underestimated him.
• 20:14
  What were we thinking? What were we thinking?
• 20:19
  This guy's a capitalist. He doesn't take, he doesn't take
• 20:22
  any of this personally. He's not ideological for him.
• 20:25
  He's thinking, how do I get rich with this thing?
• 20:29
  And strategy could potentially be a roadblock for my bank or
• 20:37
  the bank that I represent to get wealthy off of this.
• 20:41
  So how do I make sure that I FUD the shiitake out of strategy to
• 20:48
  get people to buy the JP Morgan product now to add Simon Dixon's
• 20:56
  take on all this to like kind of wrap it up and put a nice bow on
• 20:59
  top. I would say that fundamentally
• 21:10
  the way that Simon Dixon says, I forget what his exact term was,
• 21:14
  but it's essentially like these are financial, industrial.
• 21:17
  It's a financial industrial complex.
• 21:19
  No, no, financial industrial complex and.
• 21:21
  Financial weapons of mass. Exactly so like.
• 21:24
  Financial destruction. Simon Dixon calls it Weapons of
• 21:29
  weapons of like. Financial destruction.
• 21:31
  Is weapon. Basically this all represents.
• 21:34
  The proof of weapons. Network, the proof of weapons
• 21:36
  network and then this represents the financial industrial
• 21:39
  complex, right, which is inherently anti Bitcoin by the
• 21:42
  way. But The thing is we would not be
• 21:47
  doing our jobs if we weren't covering this because if you are
• 21:53
  to get anything from this and our audience is not
• 21:56
  sophisticated institutional investors.
• 22:00
  I'm I'm pretty sure that there's a percentage of you guys that
• 22:03
  are that watch us, you know, for that, but our audience is
• 22:07
  bitcoiners. And what I would take, what I
• 22:11
  would want you guys to take from this episode is what Adam
• 22:16
  Livingston said and the conclusion that I came up with
• 22:20
  when I was reading this. This is JP Morgan.
• 22:24
  This more importantly, this is Jamie Dimon admitting that
• 22:31
  Bitcoin is here to stay. This is Jamie Dimon admitting
• 22:38
  that number go up. Technology is too irresistible
• 22:45
  to ignore. This is Jamie Dimon admitting
• 22:50
  that Bitcoin has won. Now what I'll tell you guys is
• 22:57
  you still have a job to do because fundamentally, this
• 23:01
  isn't, this is a revolution of individuals.
• 23:05
  This is a revolution of millions upon millions of people all
• 23:10
  around the world, Everyone who's tuning in right now to the most
• 23:13
  watched Bitcoin Daily Show on planet Earth.
• 23:18
  This is a revolution of you guys.
• 23:20
  This is a revolution of you guys taking sovereignty back, putting
• 23:25
  Bitcoin into self custody. This is what it is fundamentally
• 23:30
  about. And don't let any of these Wall
• 23:33
  Street financial shenanigans distract you from the mission at
• 23:38
  hand. And the mission at hand is to
• 23:40
  end the tyranny of central banking.
• 23:45
  And how do you do that? You cannot do that politically.
• 23:49
  It's politically unfeasible to do it.
• 23:54
  How do you do that? You opt out.
• 23:57
  You opt out by putting Bitcoin into self custody.
• 24:00
  That's how you do it. That's how you do it.
• 24:02
  You voting, traditional voting matters.
• 24:05
  It totally does. Not trying to take anything away
• 24:07
  from that, but vote with your wallet and you vote with your
• 24:11
  wallet by taking your energy, your time, your work, your
• 24:15
  effort and opting out of the system and opting into self
• 24:20
  custody. So this is fun to cover.
• 24:22
  This is great. This is like, you know, this is
• 24:25
  like the equivalent of like gossiping in terms of like, Oh
• 24:30
  my God, look at what all these financial institutions are
• 24:33
  doing. But the signal here is holy cow,
• 24:37
  dude, They they like Bitcoin. They they, they not only like
• 24:42
  Bitcoin, they want to benefit the F out of Bitcoin.
• 24:47
  They want Bitcoin for themselves.
• 24:48
  They want all the benefits from NGU for themselves.
• 24:53
  That's what's happening right now.
• 24:54
  Wall Street right now is in a civil war right now Wall Street
• 24:59
  is battling it out to come up with the best financial product
• 25:04
  to offer their institutional investors so that they can, you
• 25:08
  know, sell them a reason as to why you know you should buy
• 25:12
  their product instead of just buying spot Bitcoin.
• 25:14
  Whatever people are going to do that.
• 25:16
  You know, not everyone's comfortable buying a bit key
• 25:20
  even though it makes self custody incredibly easy.
• 25:22
  Go to bit key dot world today. Use promo code simply.
• 25:26
  Not everyone's comfortable doing that for some reason, but you
• 25:30
  know. This is crazy.
• 25:31
  Dude this is wild. Remember on Monday?
• 25:33
  We're like, dude, like he's attacking and he doesn't get it.
• 25:36
  Dude, we underestimated Jamie Dimon.
• 25:40
  Jamie Dimon. I don't know if I did.
• 25:42
  I think you. Are maybe I did, but Jamie Dimon
• 25:45
  is a is a 100% capitalist. He does not give a flying F
• 25:55
  about ideology, about the system.
• 25:58
  He cares about how do I make the most amount of money for my
• 26:03
  bank? And if Bitcoin is the mechanism
• 26:07
  of which I can do that with, so be it.
• 26:10
  That's my bit. Happy Thanksgiving everybody.
• 26:13
  Cheers to my brothers in arm, my brother in arms, Optimus Fields.
• 26:22
  But this Irish cream and milk's giving me cottonmouth for sure.
• 26:25
  But anyways, I want to hit on a few things.
• 26:28
  One, I've been telling you guys this for a while.
• 26:31
  I, I've been calling it the billionaire flood playbook.
• 26:33
  You know, you can call it just how Wall Street acts, but it
• 26:36
  always happens the same way. It's the classic Wall Street
• 26:39
  playbook, especially when they get into a new asset.
• 26:42
  It's very simple. Once you spot it, you can't not
• 26:46
  see it. And I've been seeing this play
• 26:48
  out all year long. Again, it's always goes into,
• 26:52
  you know, don't listen to what they say, watch what they do.
• 26:55
  And it's it goes like this very simple.
• 26:57
  You know, you spread FUD, you crash the price of the asset,
• 27:00
  you scare all the plebs away, you scare all of the retail
• 27:03
  away. And then you scoop up the dip
• 27:05
  with new products. And if we didn't have this JP
• 27:09
  Morgan story of essentially, you know, attacking strategy or, you
• 27:14
  know, pulling up a very old press release to kind of take
• 27:17
  their price when they were being weak.
• 27:19
  And then literally at the very bottom of that attack, they
• 27:21
  launch a new product and and you weren't aware of how this was
• 27:24
  going. Yeah, Sailor knew exactly what's
• 27:26
  going on. It's it's very obvious once you
• 27:29
  understand what's going on. Again, I've been calling it the
• 27:32
  the Bitcoin billionaire FUD playbook.
• 27:34
  You can call it just classic Wall Street, you know,
• 27:37
  mechanisms, but it always plays out the same way.
• 27:41
  They FUD it. They try to crash the price.
• 27:43
  They try try to get people to basically sell their holdings
• 27:47
  and then they launch a new product.
• 27:49
  If we didn't have this new story come out as it did, then I would
• 27:53
  just be speculating on it for a while.
• 27:55
  And you guys would be like, yeah, Opti literally has a 42 IQ
• 27:58
  because he he's just speculating, guys.
• 28:00
  We have literally the proof that this is what they're doing.
• 28:03
  Hence why I keep telling you, and hence why Nico and I are
• 28:06
  arguing over what the price might be.
• 28:08
  Nico's still like, it's a bear market, bro.
• 28:10
  And I'm like, yeah, it looks like a bear market, but I think
• 28:13
  what is going on is we are fundamentally underestimating
• 28:18
  the new investor here. And it's the institutions and
• 28:20
  they understand what this thing is.
• 28:22
  Remember, this is the only year that Bitcoin has and
• 28:25
  outperformed the S&P 500 on a quote UN quote bull market.
• 28:28
  Bitcoin, you know, underperform S&P 500 underperformed gold.
• 28:33
  Usually Bitcoin has outsized gains.
• 28:35
  What Wall Street is used to is like 15, maybe 20% tops a year.
• 28:40
  Like if you get 20%, if you get 25% gains a year, you're killing
• 28:44
  it on Wall Street. Here's all of us 42 IQ
• 28:47
  bitcoiners just stacking, huddling, don't care about
• 28:49
  anything, just trying to accumulate and you know, making
• 28:52
  561020 plus games. You think they're coming into
• 28:57
  the space after it's their first year that they're able to get
• 29:01
  into it and not trying to get a good position and also not
• 29:05
  trying to get these outside outsize games.
• 29:07
  Like it just made no sense to me.
• 29:09
  Hence why I'm like, look, I I'm looking at the charts, you know,
• 29:13
  you guys know me. I'm leaning into being a chart
• 29:15
  boy. I'm like, all right, you know,
• 29:16
  let me see if my friends have any, any signal in the charts
• 29:19
  right now. And if you're looking at the
• 29:22
  charts, it does look like we're entering a bear market.
• 29:24
  It does look like we might drop. I know I was trolling Nico.
• 29:27
  He said like 30 K Bitcoin. I'm like, bro, you lost the
• 29:30
  plot. Like it's not going 80% down.
• 29:33
  I've been thinking it's probably going to go sideways.
• 29:36
  And this is before I had the data.
• 29:37
  I'm like, it's probably like 80 ish is probably where, you know,
• 29:41
  the bottom of this dip's going to be.
• 29:42
  It's going to go sideways and then it's going to start its new
• 29:45
  leg up. And then as this week progressed
• 29:47
  more, we got more information, more data that, you know, the
• 29:51
  whales are scooping up right now.
• 29:53
  Institutions are buying this dip up.
• 29:55
  And as much as I don't agree, or rather don't listen to what JP
• 30:00
  Morgan says, there is a kind of portion of what JP Morgan says
• 30:05
  where it's not just trying to misdirect the retail plebs.
• 30:09
  They are actually trying to give signal to their wealthier
• 30:12
  clients. So it's one of those things
• 30:14
  where, like, they tell you what's going to happen and then
• 30:17
  they fight it. And you kind of have to know
• 30:18
  what's the signal and what the noise is.
• 30:21
  And when I saw that screen grab, you know, who knows, 240K next
• 30:25
  year, everyone's kind of thinking the four year cycle's
• 30:27
  over. But the take away I got from
• 30:29
  that screen, that screenshot about where they said 240K is,
• 30:33
  institutions are driving this market now as we've been
• 30:36
  covering all year long. Retail is dead.
• 30:39
  Retail is nowhere to be fine. There's no retail interest.
• 30:42
  The Google search trends are wrecked.
• 30:44
  People probably have heard about Bitcoin.
• 30:47
  They're just not coming back into Bitcoin yet.
• 30:49
  Also, inflation's getting getting crazy.
• 30:51
  The economy's feeling very weak. People are feeling very poor, so
• 30:55
  they don't have extra funds to go into risk assets.
• 30:59
  Therefore retail's been nowhere to be found.
• 31:02
  The only people in Bitcoin all year long are Bitcoiners.
• 31:06
  It's Bitcoiners and institutions.
• 31:08
  So that's been my kind of theory, my my thesis all year
• 31:12
  long, even though I've, you know, very clearly been wrong
• 31:16
  about where I thought the price was going, at least in the first
• 31:18
  half. Who knows?
• 31:19
  Hey, we got we got December to still.
• 31:21
  Prove me right. But I was just watching
• 31:25
  everything I've been watching and I'm like, yo, OK, well,
• 31:27
  there's a new investor, there's a new buyer.
• 31:32
  They're fundamentally looking at this thing different than
• 31:35
  everyone else is. They have longer term
• 31:37
  perspectives. They have, you know, very, very
• 31:41
  covert ways to get into the market, make sure they're not
• 31:44
  moving the market and they want to acquire this thing.
• 31:47
  How do they get this from you? Is they scare you out of your
• 31:50
  bags? And I do have some data to
• 31:53
  basically show retail has been getting cooked right now.
• 31:56
  Retail is selling while institutions are buying.
• 32:00
  This is why I keep telling you, like, don't listen to what the
• 32:03
  institutions are saying. Do what they do.
• 32:07
  JP Morgan has been fighting Bitcoin for years.
• 32:11
  Then what did they do? They're the authorized
• 32:13
  participant of the I Bit BlackRock ETF.
• 32:16
  They fudge strategy, and then what do they do?
• 32:19
  They basically drop a MicroStrategy copycat Bitcoin
• 32:23
  note like the same week. If you're not buying and
• 32:28
  accumulating right now, you are totally going to get left in the
• 32:31
  dust if you are selling thinking that the four year cycle is
• 32:34
  going to play out. I could be wrong that the four
• 32:36
  year cycle is going to be still intact.
• 32:39
  But from my perspective, I think the more Max Payne scenario is
• 32:45
  you think the four year cycle is playing out and then we RIP in
• 32:47
  2026 and you're trying to trade the tops and trade the bottoms.
• 32:51
  To me, that's too big of a risk. I'd much rather hold my coin
• 32:55
  down 5060%, be able to, you know, purchase more, DCA more.
• 32:59
  We have a good business. It's coming in.
• 33:01
  I have cash flow coming in. Yeah, it's going to be brutal.
• 33:04
  The last bear market, you know, almost absolutely just mentally
• 33:07
  killed me. But I think the Max Payne
• 33:10
  scenario right now is everyone thinking the old models are
• 33:13
  still working and then it absolutely rips in 2026 and it's
• 33:17
  the institutions, it's Wall Street that get rich and all of
• 33:20
  the true believers are waiting for a pullback.
• 33:22
  To me, that is Max Payne. As I've been telling you guys, I
• 33:26
  think the biggest attack going on in Bitcoin right now is Wall
• 33:29
  Street wants your coin. Wall Street wants to get into
• 33:33
  this. They want to insert themselves
• 33:34
  as middle man. The real war is Wall Street
• 33:38
  versus your Bitcoin in self custody.
• 33:40
  This is what this story is telling us right now.
• 33:44
  They don't like Saylor. I mean, you could argue that
• 33:47
  they're still on the same team. They're both Wall Street, but
• 33:49
  they're still competition within this.
• 33:51
  Even though JP Morgan and Morgan Stanley are both huge banks, I
• 33:56
  know for a fact that Jamie Dimon wants to be the number one bank.
• 33:59
  It's like the same thing. Like, yeah, you're billionaire.
• 34:02
  It's human nature. Exactly.
• 34:04
  So they're looking at Sailor's stack right now and they're
• 34:07
  like, OK, how can we get that big of a stack?
• 34:10
  I don't think they can, cause Sailor just absolutely went
• 34:15
  bananas the last couple of years, four years or whatever it
• 34:17
  was five years. So they're trying to figure out
• 34:20
  ways that they can acquire a huge stack.
• 34:22
  They want to essentially take Sailor out, even though they're
• 34:25
  all basically playing the same game.
• 34:27
  So play the same game, just keep accumulating.
• 34:29
  Yes, maybe we go down, maybe we don't.
• 34:33
  The only safe move is to acquire more Bitcoin and take it in self
• 34:37
  custody because as we're all watching right now, they are
• 34:40
  trying to position themselves as a as Bitcoin intermediaries.
• 34:47
  This is what's happening. This is the game plan right now.
• 34:50
  They want to acquire Bitcoin. The only way they can really get
• 34:54
  Bitcoin is to force you to sell your Bitcoin.
• 34:57
  So as we always say, stay humble, stack sacked, but most
• 35:00
  importantly, stay solvent. That's the most important
• 35:04
  aspect. Of this, I think, is the most
• 35:06
  important. Cheers my friend.
• 35:08
  Happy Thanksgiving everybody. I didn't think that this type of
• 35:12
  story would break on Thanksgiving, but this is crazy.
• 35:15
  This is like some Wall Street type warfare.
• 35:18
  We have insights into it. I think Opti's commentary was on
• 35:23
  effing point, but I would say is like guys, this is confirmation.
• 35:28
  On Monday, we thought that the system that the biggest bank or
• 35:33
  one of the biggest private or one of the biggest banks in the
• 35:36
  world was still fighting Bitcoin.
• 35:38
  We just got confirmation that not only are they not fighting
• 35:42
  Bitcoin, they're actually trying to benefit from number go up
• 35:45
  technology. Right.
• 35:47
  Bitcoin's for enemies, right? So that's effing crazy.
• 35:53
  Close up, close up on the on the drink.
• 35:55
  That's effing. Crazy.
• 35:57
  So anyway, bro, it's Thanksgiving.
• 35:59
  We got to, we got to take it easy a little bit.
• 36:01
  Yeah, guys, this is this is all Nico's fault.
• 36:03
  I was sitting here like getting ready for the show.
• 36:05
  He's like Thanksgiving, let's pull out the Irish cream and get
• 36:10
  this show a little lit. I'm like, bro, I got to eat
• 36:12
  breakfast. We got.
• 36:13
  The family coming in like 2 hours bro like.
• 36:16
  You know, and we're still here for you guys.
• 36:19
  Giving you guys the signal, giving you guys the sauce, so.
• 36:22
  And then so at dinner tonight, guys, I think the big.
• 36:25
  Bazooka for you guys is like. OK, you know, uncle, grandma,
• 36:29
  mother, brother, you've been telling me to not buy Bitcoin to
• 36:34
  sell my stack. Well, what do you think about JP
• 36:37
  Morgan, the biggest bank in the world, doing whatever they can
• 36:39
  to acquire this Bitcoin from me? I think that's when you do, you
• 36:43
  know, flip a couple of. Birds and be like I'm buying
• 36:46
  more Bitcoin. Smash, buy, smash that Bitcoin.
• 36:49
  Anyways, I do want to give a shout out, of course, to our
• 36:53
  lead sponsor. We will be giving away some sats
• 36:56
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• 36:58
  So you guys are going to want to stay tuned in and we'll tell you
• 37:00
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• 38:26
  Which is what like the theme of this whole entire intro segment.
• 38:30
  So anyways guys, go to bitcoinwell.com/simply today and
• 38:34
  stay tuned till the end of the show because we will be giving
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  away some sats via Bitcoin well through the Bitcoin Wishing Well
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  contest. Anyways guys, this is going to
• 38:43
  be a fantastic show. We have tons to cover today.
• 38:46
  Happy Thanksgiving. We're going to be right back.
• 38:48
  In just a little bit. I want to give a shout out to
• 38:57
  our partner Stamp Seat. Is your Bitcoin and cold storage
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• 40:08
  Well, anyways, guys, we're back. We're here.
• 40:13
  It's Thanksgiving. It's Thanksgiving.
• 40:15
  You guys got a, you guys got a Thanksgive.
• 40:19
  You got to, you got to, you got to internalize what you're
• 40:21
  grateful for. And what I'm grateful for is
• 40:24
  Stamp Seed because Stamp Seed allows you to stamp your seed
• 40:30
  into a plate of titanium. Like imagine writing down your
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  seed words in paper. That's really dumb.
• 40:39
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• 41:19
  Block height 925,453 Market cap 1.83 trillion Bitcoin versus
• 41:27
  Gold Market cap 6.22% Decline from all time high -27.5%.
• 41:34
  If you're buying Bitcoin right now, you're getting it at a 27%
• 41:37
  discount. Why are you laughing?
• 41:38
  The chat Nico's feeling, the Baileys, and then you're doing
• 41:41
  like ASMR. I am feeling the Baileys.
• 41:44
  I'm feeling good. I'm, I'm, I'm grateful for you
• 41:47
  guys. Cheers.
• 41:51
  Yeah, someone kind of mob. So this is a fantastic show.
• 41:57
  I don't know what you're talking about.
• 41:59
  I I'm just worried it's gonna, it's gonna spiral very quickly.
• 42:02
  This is not spiral dude, we're professionals.
• 42:04
  I don't. Know what you're talking about?
• 42:06
  So OK, I do want to give you guys the I do want to talk about
• 42:13
  this. We talked about this yesterday.
• 42:14
  This is actually a very serious topic, so I do want to focus on
• 42:19
  this. The EU says chat control is
• 42:23
  voluntary. We were talking about chat
• 42:25
  control yesterday, so the breaking news is that chat
• 42:31
  control's back, but slightly changed, apparently.
• 42:35
  From my understanding, it was quietly passed in the EU, needs
• 42:44
  to be in the EU Council, needs to be discussed in the EU
• 42:47
  Parliament, slightly changed. No back door for encryption, I
• 42:51
  think that's good. No for scanning, but I think
• 42:56
  where they're getting everyone is the age verification.
• 42:59
  So I again, I think that this is like setting a very dangerous
• 43:04
  precedent. They're saying that EU says chat
• 43:07
  control is voluntary. If you don't scan your user
• 43:10
  messages, your app will be labeled as high risk.
• 43:13
  So that's not voluntary. Ladies and gentlemen, that the,
• 43:16
  the, the exact political term for that is soft power.
• 43:21
  So what is the definition of soft power?
• 43:22
  Soft power is like how the sold the, the mechanism of how the
• 43:28
  social credit system works. So in China, it's not like
• 43:33
  they're coercing you into certain behaviors, but they're
• 43:36
  incentivizing you into certain behaviors.
• 43:38
  So if you speak I'll of the government, you get punished,
• 43:42
  right? In terms of the for the social
• 43:44
  credit system, if you create an app that doesn't have chat
• 43:49
  control or better said, if you create an app that doesn't
• 43:54
  allow. The EU bureaucracy to look.
• 43:58
  At everything it's considered high risk.
• 44:01
  That is a form of soft power, right?
• 44:04
  Because on the App Store or in the Google App Store the the
• 44:07
  equivalent. Of that, imagine you see an app.
• 44:10
  That says high risk, like and if you're not in the know, if
• 44:13
  you're not watching simply Bitcoin or if you're just ignore
• 44:15
  me and you just, you know, like to get about your life and you
• 44:19
  know, you're not in the know. You just you just not in the
• 44:21
  know. You just wanna get about your
• 44:23
  day. And you see an app that says
• 44:24
  high risk, What are you gonna do?
• 44:27
  You're probably gonna look at that app and you're like, that's
• 44:29
  a high risk app. I don't know about that, right.
• 44:33
  So of course, like this is, this is called soft power, and that's
• 44:37
  exactly what they're trying to implement here.
• 44:40
  Last thing I'll say. Is, you know, and again, this is
• 44:43
  all interconnected. It's not a coincidence that the
• 44:46
  digital ID, the central bank, digital currency and chat
• 44:53
  control are all being implemented in the European
• 44:56
  Union at around the same time. That's not a coincidence.
• 45:01
  What you're seeing is an attempt to coerce people into a closed
• 45:07
  system, a system of which they can control.
• 45:10
  I think it put the fear of God in them that you saw the rise of
• 45:15
  independent media, you saw the rise of non sovereign
• 45:19
  alternative money like Bitcoin. And I think you what you're
• 45:22
  seeing is you're seeing the unelected bureaucracy, what we
• 45:27
  call here in the United States, the administrative state react
• 45:30
  to that like white blood cells. This is the reaction.
• 45:34
  The reaction isn't let's pivot and like, actually let's look
• 45:37
  within ourselves and say, you know what?
• 45:41
  We actually need. To improve.
• 45:42
  No, no, no, no. They're doubling down.
• 45:45
  They're basically saying we don't need to justify why you're
• 45:49
  paying these taxes. We don't need to justify why we
• 45:52
  have this unaccountable power. We don't need to justify why
• 45:57
  politicians don't have to go through quote, UN quote.
• 46:01
  Chat control. But the populace has to go
• 46:04
  through chat control. We don't need to justify any of
• 46:07
  that. What we're going to do instead
• 46:09
  is we're going to Co reverse everyone into using these
• 46:13
  systems so that we can control you.
• 46:16
  I'll tell you guys something. This would be something that the
• 46:20
  Soviet Union would foam at the mouth on.
• 46:23
  They would they would they would be the the fact that they can
• 46:28
  even think that they can get away with this.
• 46:32
  This would be any tyrant's like dream of doing like the fact
• 46:39
  that this is even discussed or even like seen as feasible in
• 46:45
  these so-called liberal democracies.
• 46:48
  We played you guys a clip of the head of the EUI forget the exact
• 46:52
  of of Ursula yesterday, right? And she was talking about to
• 46:57
  protect democracy, we need a democracy shield.
• 47:01
  And what that democracy shield means, ladies and gentlemen, is
• 47:04
  we actually need censorship and chat control, right?
• 47:08
  Which is effing crazy, right? Because the whole point of
• 47:11
  democracy is you get people to disagree and discuss and have
• 47:15
  discussions with these types of systems.
• 47:19
  That's incentivizing the exact opposite, because who is to
• 47:23
  stop? The party in power?
• 47:25
  This is why the First Amendment is structured how it is in the
• 47:28
  United States. It's structured the way that it
• 47:32
  is in the United States because the founding Fathers had the
• 47:35
  wisdom to understand that if the government had the power to
• 47:40
  censor speech in order for them to maintain power, they will
• 47:46
  inevitably pass a law in order to do that.
• 47:49
  Which is why the First Amendment is the the First Amendment and
• 47:53
  not the second or the 3rd or the 4th or the 5th.
• 47:58
  The Constitution in the United States is structured not to
• 48:04
  protect the government from the people.
• 48:06
  It's structured to protect the people from the government,
• 48:09
  which is why the First Amendment is freedom of speech and the
• 48:12
  Second Amendment is the right to effing bear arms, right?
• 48:17
  It's literally saying like, yo, like we know what happens when
• 48:21
  there's too much centralization of power, right?
• 48:24
  Unfortunately, our friends across the pond don't have those
• 48:29
  type of constitutional rights and protections and it's going
• 48:34
  down this dystopian path. I don't know how else to say it.
• 48:37
  Like it's very sad. I love Europe, I was in Europe
• 48:41
  all summer. Madrid is fantastic, great food.
• 48:45
  I got. I got.
• 48:46
  I got. Kind of tired of the Harmon
• 48:47
  Serrano after a while, like after two or three weeks.
• 48:50
  But Despite that, it was great. I saw Madrid game, went to
• 48:54
  Latvia, went to Finland, spent some time in Italy, got lost in
• 48:57
  Italy. That was pretty cool, but it was
• 49:00
  nice. So I love Europe.
• 49:03
  It's dope. But like when you see this type
• 49:05
  of stuff, you're asking yourself like, how is this improving the
• 49:09
  lives of everyday people? Because I don't see how it's
• 49:12
  improving the lives of everyday people.
• 49:14
  I see how it's like solidifying control.
• 49:19
  It's solidifying power in the, in the, in the hands of
• 49:24
  politicians, I and, and at the end of the day, you know, and
• 49:28
  perhaps this is the way that you look at economics and such and
• 49:31
  you can have a discussion about. This but like.
• 49:37
  Government isn't productive. It doesn't make anything right
• 49:41
  like that little like water water bottle thing that they
• 49:45
  have in Europe. There's a little tab where you
• 49:47
  can't completely take off the cap.
• 49:50
  And then like, meanwhile, on the other side of the pond, Elon is
• 49:54
  literally landing effing rockets and catching them with giant
• 49:57
  effing arms. Like you're it's, it's such a
• 50:02
  good meme because it compares and contrasts.
• 50:04
  Like it's like you have entrepreneurs building and then
• 50:08
  you have regulations, right? Like it, it's like, what do you
• 50:12
  want? You want one or do you want the
• 50:14
  other? Like, you know, and I get
• 50:17
  there's pros and cons to two right to the both of them, but
• 50:21
  like, I would rather live in a society where entrepreneurs are
• 50:26
  allowed to build things. They aren't drowned in
• 50:29
  regulations because entrepreneurs are fundamentally
• 50:34
  the ones that are driving to make society better.
• 50:37
  They're the ones taking the risk.
• 50:39
  They're the ones actually innovating.
• 50:41
  They're the ones actually building.
• 50:45
  Governments don't build anything.
• 50:47
  And better said, governments don't build anything
• 50:50
  efficiently. They do not do that.
• 50:52
  They're very, by definition, they're very inefficient because
• 50:56
  there's no price signals to government.
• 50:58
  If a government makes a mistake, no one gets fired.
• 51:02
  They don't go out of business. There is no price signals
• 51:05
  whatsoever. If an entrepreneur, if we make a
• 51:09
  mistake here at Simply Bitcoin, if we make a mistake, we've made
• 51:12
  catastrophic mistakes. But if we've make mistakes
• 51:14
  before, we will go out of business.
• 51:18
  If a government makes a mistake, they don't go out of business.
• 51:22
  Not only do they not go out of business, they stay in power and
• 51:26
  they have a money printer behind them.
• 51:28
  There is no price signal that's telling them you are doing
• 51:31
  something wrong because the price signals are the incentives
• 51:36
  for people to make adjustments. So that's my criticism of this,
• 51:40
  of this chat control stuff. And last thing I'll leave it on
• 51:43
  is this, this post by Simon Dixon, which says, tell me
• 51:50
  another way to own your money without a bank, spend it
• 51:53
  globally without government permission and have a fixed
• 51:56
  supply that can't be changed by a central bank.
• 51:58
  You won't find one. I've spent 25 years searching,
• 52:01
  building and investing and I only found Bitcoin.
• 52:05
  And he's replying to someone posting his posting his tweet.
• 52:10
  It says go further. Bitcoin is all bad everywhere.
• 52:13
  Even if someone wants a trustless protocol, some form of
• 52:16
  automated banking, we can do much better.
• 52:19
  And I think Simon Dixon's response to that is very
• 52:22
  powerful. And again, we believe that
• 52:23
  fundamentally here at Simply Bitcoin.
• 52:25
  Before I pass it on to Opti, you guys, if you want to support the
• 52:27
  show, we are funded by our partners.
• 52:31
  I strongly suggest go checking them out there.
• 52:33
  They're fantastically awesome. But you could also go to
• 52:36
  simplybitcoin.com and you can go check out our merch.
• 52:39
  It's flying off the shelves. We got like 10 orders yesterday.
• 52:43
  We only buy this merch in limited supply, right?
• 52:47
  So you want to get yours wall? Supplies last and we do not drop
• 52:53
  ship. So all of these we buy
• 52:56
  beforehand. We buy from a very trusted
• 52:58
  supplier here in the United States.
• 53:01
  They're Bitcoiner love them and we pay attention to details.
• 53:05
  So the tags will say simply Bitcoin, it will say Bitcoin or
• 53:07
  slavery on the back of them. And these are the types of
• 53:11
  hoodies. You know what I'm talking about
• 53:12
  when I say this, that you wear them and you don't want to wash
• 53:16
  them because of how comfortable they are.
• 53:18
  So this is very high quality merchandise, very high quality
• 53:21
  material. And this is something that you
• 53:23
  can wear at home. This is perfect something that
• 53:25
  you can wear on Thanksgiving. If you want to flex on that
• 53:28
  uncle, that is, is, you know, talking, you know.
• 53:31
  Well, maybe Christmas at this point.
• 53:33
  Mad smack on you and saying hey got hey I just beat you with my
• 53:37
  S&P 5. 100 in gold bro. And you can, you know, proudly
• 53:41
  wear your Bitcoin merch. But anyways, I'm going to pass
• 53:44
  it on to Opti. I've been I've been on a
• 53:46
  soapbox. Yeah, yeah.
• 53:47
  You have feeling good. I'm going to add the sweet,
• 53:50
  sweet in the pot guys. We are doing a Black Friday
• 53:52
  sale, so I believe it's 21% off if I remember correctly.
• 53:57
  Our boy wine's been yelling us about that.
• 53:59
  So it's on sale right now. It'll definitely be on sale for
• 54:02
  tomorrow. We might, we might let it run
• 54:04
  till the weekend, so go get it anyways.
• 54:08
  Going back to the, what is it? Chat control, EU chat control,
• 54:12
  That's what they call. It OK so first of all I will
• 54:15
  caveat this where I am very proud of my European ancestry,
• 54:20
  my mother is very proud of my European ancestry, but I'm very
• 54:25
  happy to be an American cause Europe is absolutely cooked.
• 54:29
  It's insane to me that the politicians out there can even
• 54:33
  get out publicly and say this stuff without people, you know,
• 54:38
  So just going absolutely bananas, like it to me is
• 54:41
  insane. But I did so I did randomly off
• 54:44
  topic. I watched this like Reel last
• 54:45
  night on Instagram and it was like some European and she's
• 54:48
  like, Americans are such strange creatures.
• 54:50
  Like they, they are a breed of the of their own.
• 54:53
  And I'm like, yeah, that's literally what we are.
• 54:56
  When you look at what's happening in Europe, you're
• 54:57
  like, how does anyone with two brain cells actually maybe 3 be
• 55:04
  nice. I I'm trying, I'm trying.
• 55:05
  How does anyone with the same amount of brain cells that I
• 55:08
  have critical thinking, critical critical thinking?
• 55:10
  Well, the, the question is, it seems like they've lost critical
• 55:13
  thinking. It seems like they're just hook,
• 55:15
  line and sinker. But but.
• 55:16
  I, I I would. Push back against that and I
• 55:18
  would say Opti like it is it like I gotta get the Baileys out
• 55:22
  of this? Hold on.
• 55:26
  Get it out of the shop by Gregory.
• 55:27
  I would push against that and I would say like, you know, if you
• 55:31
  look at take a look at this news, bro, they they apparently
• 55:34
  passed this according to the source.
• 55:36
  Yeah, yeah, and the dead of night.
• 55:38
  Behind closed doors. Which really reminds me of, you
• 55:41
  know, the creature of Jekyll Island.
• 55:42
  It's literally the same place like.
• 55:44
  Again, like you can't really criticize their critical
• 55:47
  thinking. Skills when they don't have.
• 55:49
  Yeah, OK, true, true. Yeah, I agree.
• 55:52
  OK, I agree with that. Now the second point.
• 55:56
  Is really probably the most nefarious one, especially for us
• 56:00
  in America, for anyone in the first world, obviously any, I
• 56:05
  would say globally, but Europe is historically kind of a test
• 56:10
  bed for all of these really bad globalist kind of policies,
• 56:14
  projects. And so you got to think of the
• 56:18
  2nd order effects. If they're trying to push this
• 56:20
  through in Europe, then you better expect that they will
• 56:23
  most likely push this in a country near you or rather in
• 56:26
  your own country very soon. If this does succeed, if they
• 56:30
  are able to essentially backdoor this policy, then you're going
• 56:35
  to see the propaganda get turned into OverDrive and they're going
• 56:37
  to be like, look, look what Europe's done.
• 56:40
  The US needs it, every other country in the world needs it
• 56:43
  'cause they're so progressive and they're so ahead of the
• 56:45
  curve. And I think that's what bitcoins
• 56:49
  are fighting like let's, you know, Jack Dorsey, for instance,
• 56:51
  with the new bit chat app, you know, using I, I forget what it
• 56:55
  is like FM, you know, signals so that you can.
• 56:58
  Was it FMI? Think it's Wi-Fi and Bluetooth.
• 57:02
  Wi-Fi and Bluetooth, OK. And basically or Noster, you
• 57:06
  know, just like protocols that they can't shut down, Bitcoiners
• 57:11
  are actively not only worried about this type of stuff, but
• 57:16
  they're building products, building tools so that even if
• 57:20
  you are in these countries, you still will be able to
• 57:22
  communicate. So, you know, it is always
• 57:25
  darkest before the light, I guess.
• 57:27
  But it is a very scary trajectory that we find
• 57:32
  ourselves globally right now. And This is why I'm a Bitcoiner.
• 57:35
  This is why I believe in Bitcoin.
• 57:36
  This is why, oh This is why I believe that.
• 57:40
  Dude, are we drinking? This whole bottle this.
• 57:45
  Is why I believe that Bitcoin will win.
• 57:49
  This is why I believe incentives will win.
• 57:52
  It's gonna take a while because as we see, there's still a, a
• 57:55
  huge lack of education. There's still a lot of people
• 57:58
  that don't under that bit don't even understand the problem,
• 58:01
  that don't understand what's happening in real time around
• 58:03
  them. And it, it's just absolutely
• 58:06
  terrifying. And of course, I, I would argue
• 58:08
  most of this is by design. I didn't learn any of this in
• 58:11
  school. This is all stuff I've learned
• 58:13
  outside of school. And you do have to push back
• 58:17
  against people calling you all kinds of names and saying you're
• 58:20
  wrong like it. It's not that easy to get here,
• 58:23
  and I understand why some people kind of shy away from it, but
• 58:27
  this is, again, like, I think this is the most important thing
• 58:30
  going on in the world, Not only the freedom of money and
• 58:33
  transacting, but the Freedom of Information.
• 58:35
  And they do go hand in hand. I think we could all kind of
• 58:38
  agree that the Internet probably hasn't really lived up to its
• 58:41
  initial kind of thought of what it wanted to be.
• 58:45
  I think the idea of the Internet has definitely lived up to it.
• 58:48
  I just think that you know it, it's centralized AF.
• 58:51
  Like you guys see like Twitter going down or YouTube going down
• 58:55
  or you know, any of these platforms going down and you,
• 58:58
  you just it, it's like a, a friendly reminder to basically
• 59:03
  say like, hey, dude, like I am running on Jeff Bezos server in
• 59:07
  the middle of North Carolina. Like, you know, like that's
• 59:10
  literally what it's telling you. And Bitcoin doesn't go down.
• 59:15
  Like Nostr doesn't go down. You know, as much as we complain
• 59:18
  about Nostr in in terms of like like live streaming to it and
• 59:22
  stuff, the reality is it's a protocol.
• 59:25
  Like look like ever since we've been consistently streaming on
• 59:31
  Nostr and shout out to our friends over at Primal for
• 59:34
  hooking this up and and building this on top of Primal.
• 59:38
  We literally have not had an issue one time with Primal,
• 59:42
  right? And because again, Nostr
• 59:45
  fundamentally is a protocol at the end of the day, right?
• 59:49
  You know, a lot of these entities are are centralized and
• 59:52
  you know, at the end of the day, you could say, OK, but Nico,
• 59:55
  like what if the primal server goes down?
• 59:56
  It's like a but but. You can still.
• 59:57
  Use another service to stream right?
• 1:00:01
  You can't say that with any of the centralized platforms and
• 1:00:04
  and and Bitcoin operates in a in a very similar way where if you
• 1:00:07
  see PayPal go down for whatever reason.
• 1:00:09
  I've had this happen where my bank is down like I try to sign
• 1:00:12
  into my bank. And I personally.
• 1:00:15
  Guys, I'm going to get a lot of heat for this, but I'm going to
• 1:00:17
  tell you guys anyways. Like I like my bank.
• 1:00:20
  I like I like some of the banks that I use in the.
• 1:00:23
  US. My bank doesn't like me, I'll
• 1:00:24
  tell you that much. Like they, they, they do their
• 1:00:27
  job and like, I'm a, I'm a fan of the product, but I, I, I log
• 1:00:32
  in one day and you know, they're like, oh, sorry, the server is
• 1:00:37
  down. And like, that's not a big deal
• 1:00:40
  if it's like for a couple hours, right?
• 1:00:41
  It's not a big deal if, if Netflix is down for a couple
• 1:00:44
  hours. But like, imagine if like your
• 1:00:47
  bank is down for like a week like that.
• 1:00:49
  Would be a problem like you can't make payroll, you can't
• 1:00:51
  make payments, you can't access your money.
• 1:00:54
  At 3 days like things would get crazy.
• 1:00:56
  At 3 days that things would get crazy, right?
• 1:00:58
  So this is what we're talking about, right?
• 1:01:01
  Bitcoin, you fundamentally don't have to ask for permission.
• 1:01:04
  I think that's what makes it awesome.
• 1:01:06
  All right, guys. So we're going to hit the new
• 1:01:08
  segment. We're going to be right back in
• 1:01:09
  just a bit. I want to give a shout out to
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  All right, everybody. We are back.
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  Happy Thanksgiving. You're listening to Simply
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  Bitcoin Live, the most watched and popular Bitcoin daily live
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  show on planet earth. If you guys are enjoying simply
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  So anyways, guys, let's get into today's news again.
• 1:04:41
  I think we have a clash of the old world and the new.
• 1:04:45
  World. The big news for today is the
• 1:04:49
  S&P cuts Tether stable coin rating too weak on disclosure
• 1:04:54
  gaps The S&P Global downgraded its Tether rating, the world's
• 1:04:59
  largest stable coin, on Wednesday, citing an increase in
• 1:05:03
  higher risk assets in its reserves and quote persistent
• 1:05:08
  gaps in disclosure. Tether said it quote strongly
• 1:05:12
  disagrees with the characterization presented in
• 1:05:14
  the reports by SNP, which said that it is now rated the
• 1:05:18
  company's token, known as USDT. As quote as 5.
• 1:05:23
  Parentheses week, which is the lowest possible score down
• 1:05:27
  grading it from 4. Constraint.
• 1:05:30
  Look, I'll be honest with you guys.
• 1:05:33
  I think that's utter bullshit. And I'll tell you why I think
• 1:05:37
  that's utter garbage. Here's this Yahoo article.
• 1:05:42
  Tether bought 26 tons of gold in Q3 just to kind of give you guys
• 1:05:48
  a perspective that rivals at the end of September, the USDT
• 1:05:54
  issuer held around 116 tons of gold in total.
• 1:05:58
  If it were a central bank, Tethers gold reserves would rank
• 1:06:03
  among the top 30 in the world ahead of Greece, Qatar and
• 1:06:08
  Australia. So when I hear this type of
• 1:06:13
  characterization and narrative from the SNP basically.
• 1:06:18
  Saying Oh my God like. You know what to use their own
• 1:06:22
  words against them. Persist in higher risk assets in
• 1:06:27
  in its reserves. If it literally has more gold
• 1:06:31
  reserves than most central banks on planet Earth, like, I'm
• 1:06:37
  sorry, that's BS. And I think that there's a
• 1:06:42
  hidden agenda here. And I think that there is a, a
• 1:06:45
  hidden incentive here. And it, it, it, it, it's just,
• 1:06:50
  you know, again, this is the old system clashing with the new
• 1:06:53
  system. This is why JP Morgan attack
• 1:06:55
  strategy. This is a reaction or this is a
• 1:06:59
  reactionary, A reactionary type of article.
• 1:07:03
  And of course, they're using the legacy media a, a complex to, in
• 1:07:08
  order to get you to, to convince you to, to believe into this
• 1:07:11
  narrative, to buy into this narrative.
• 1:07:13
  But I don't, I don't believe into this narrative.
• 1:07:16
  I think the reason that they're trying to sell this narrative is
• 1:07:19
  the fact that this is a company that's run by Bitcoiners and
• 1:07:23
  they control and they founded the largest digital dollar on
• 1:07:29
  the face of the planet, which happens to be, by the way, one
• 1:07:32
  of the largest treasury buyers on planet Earth.
• 1:07:36
  So when I see the S&P downgrade into their lowest possible
• 1:07:40
  rating, I'm sorry, but I called BSI, called BS.
• 1:07:45
  This is politically motivated. I just don't believe you guys.
• 1:07:47
  And by the way, this is the same S&P rating and the same people
• 1:07:51
  that were telling you that Bear Stearns was fine and it was
• 1:07:55
  working and it was fantastic. I really recommend you guys
• 1:07:58
  watching The Big Short if you guys don't understand the
• 1:08:01
  reference. This is the same rating.
• 1:08:03
  This is the same people that are telling you.
• 1:08:05
  You know tethers a problem. Well, they're telling you Bear
• 1:08:08
  Stearns is fine and the thing the, the literally the stock
• 1:08:11
  collapsed to 0 right. I, I just, I'm sorry you're
• 1:08:15
  politically compromised. You have an agenda and you just
• 1:08:19
  don't like bitcoiners Like that's what I think my, my
• 1:08:22
  humble opinion. Here's Jeff Park.
• 1:08:24
  He says tether is the largest independent holder of gold
• 1:08:27
  bullions outside of central banks and doesn't have an ever
• 1:08:31
  expanding budget deficit. Call me, call me old school, but
• 1:08:37
  sounds like a AAA credit to me. Here is Chris Poblowski, the CEO
• 1:08:44
  of Tether of of Rumble, and he says the S&P only attacks Tether
• 1:08:48
  because Tether is challenging and beating the old financial
• 1:08:51
  guard at their own game. These old corporate entities
• 1:08:54
  cannot handle companies like Tether and Rumble taking their
• 1:08:57
  market share. Their only recourse is to attack
• 1:09:00
  us because they're losing. I completely fundamentally
• 1:09:02
  agree. Here's Teller, the Tether CEO
• 1:09:05
  Paulo Arduino, which I interviewed guys really
• 1:09:08
  recommend checking out the interview, one of my favorites
• 1:09:11
  and he says to S&P regarding your tether rating rating, we we
• 1:09:16
  wear your loathing with pride. The classical ratings model
• 1:09:20
  built for legacy financial institutions historically LED
• 1:09:23
  private and institutional investors to invest their wealth
• 1:09:26
  into companies that, despite being attributed investment
• 1:09:30
  grade ratings, collapsed, pushing worldwide regulators to
• 1:09:34
  challenge such models. The independence and objective
• 1:09:38
  assessment of all major Reddit rating agencies.
• 1:09:44
  The traditional financial propaganda machine.
• 1:09:46
  I didn't say it. Is growing worried when any
• 1:09:51
  company ties to defy the force of gravity of the broken
• 1:09:54
  financial system, no company should dare to decouple itself
• 1:09:58
  from it. I didn't say it.
• 1:10:00
  Tether itself built the first over capital, over capitalized
• 1:10:05
  company in the financial industry with no toxic reserves
• 1:10:09
  and yet is and remains extremely profitable.
• 1:10:12
  Tether is living proof that the traditional financial system is
• 1:10:15
  so broken that it's become being feared by the Emperor's with no
• 1:10:19
  clothes. And kind of connect that with
• 1:10:21
  the theme of today's show. We started with this very kind
• 1:10:25
  of insidious attack by JP Morgan fighting Bitcoin on Monday, then
• 1:10:30
  launching a Bitcoin related product two days later.
• 1:10:34
  And then you have the legacy financial media saying, hey,
• 1:10:37
  Tether is a terrible company. But if you look at the data,
• 1:10:43
  Tether is literally the most profitable company by employee
• 1:10:49
  on planet earth. It has more gold reserves than
• 1:10:53
  most central banks. I'm sorry, I don't believe the
• 1:10:57
  BSI don't believe the narrative. I don't believe the same people
• 1:11:02
  that told me that Bear Stearns was great and fine and dandy and
• 1:11:07
  had a grid rating and while simultaneously a couple days
• 1:11:11
  later its stock literally went to zero.
• 1:11:14
  I'm sorry. I'm one of the I'm one, one of
• 1:11:16
  the people that were part of the millennial generation and the
• 1:11:19
  Gen. Z generation that got screwed
• 1:11:21
  over by you guys in 2008. I don't believe you anymore
• 1:11:25
  more, which is why I'm in Bitcoin in the 1st place.
• 1:11:28
  So go F yourselves. Happy Thanksgiving.
• 1:11:32
  I'm going to pass it on to Opti. What do you think?
• 1:11:36
  Because I think this is politically motivated garbage.
• 1:11:39
  That's what I think, man. And there's a lot of things that
• 1:11:42
  Paulo said in his post that I, I, I, I don't feel like I have
• 1:11:47
  the liberty to say myself, but he's saying that part quiet part
• 1:11:51
  out loud. He's calling it propaganda.
• 1:11:55
  It's totally propaganda, 100% propaganda.
• 1:11:58
  I, I I'll say that. All right, let let's just Fact
• 1:12:03
  Check here. What what have we seen this
• 1:12:05
  year? Tether again, you guys may not
• 1:12:09
  like stable coins, but Tether is a Bitcoin company.
• 1:12:12
  They're all bitcoiners. They are, you know.
• 1:12:15
  Currently the biggest buyers of gold, they're one of the biggest
• 1:12:19
  treasury buyers and they have one of the biggest Bitcoin
• 1:12:23
  reserves out of in the whole world.
• 1:12:25
  So they're top three essentially.
• 1:12:28
  Yeah, I wouldn't say top three per SE, but they're in the top
• 1:12:31
  of the quote UN quote hardest soundest money in the world by
• 1:12:35
  any metric. Whether you're traditional
• 1:12:37
  finance, you think it's treasuries, whether you're more
• 1:12:40
  of a gold bug, you think it's gold.
• 1:12:42
  If you're a bitcoiner, you know, it's Bitcoin.
• 1:12:45
  And what's S&P? Do they downgrade them?
• 1:12:48
  Well, we've seen this play out before.
• 1:12:51
  S&P 500 also downgraded micro strategy.
• 1:12:56
  You know, whether you like Sailor or not, strategy holds
• 1:12:59
  the most Bitcoin, period. That's their whole company.
• 1:13:03
  Strategy is holding Bitcoin, buying Bitcoin, figuring out
• 1:13:06
  ways to get more Bitcoin. So we've seen these attacks
• 1:13:09
  happen all throughout the year. And then in a very similar
• 1:13:13
  grade, we've seen Moody's downgrade El Salvador.
• 1:13:15
  So if you don't think this is like a political attack, if you
• 1:13:19
  don't think this is a narrative propaganda trench warfare, as we
• 1:13:22
  used to say against Bitcoin, then you're really not paying
• 1:13:25
  attention because anyone that comes close to Bitcoin, the Fiat
• 1:13:29
  system does whatever narrative they can to keep people away
• 1:13:34
  from noticing what they're doing.
• 1:13:37
  And you know, one, one time, would you, you could say, oh,
• 1:13:40
  this is a coincidence 2 times. You're like, all right, You
• 1:13:44
  know, it's starting to kind of seem like there, there's a, a
• 1:13:47
  certain bias here by the third time, you know, fool me once,
• 1:13:51
  shame on you, fool me twice, can't fool me again or whatever
• 1:13:54
  that quote is. So like it's becoming very
• 1:13:56
  obvious. And again, as Nico was saying,
• 1:13:58
  when you connect this to the very beginning of the story of
• 1:14:00
  the show with the JP Morgan stuff, it's all becoming very
• 1:14:05
  obvious what's going on. One, they don't want you to hold
• 1:14:09
  Bitcoin, but 2, they want to hold the Bitcoin.
• 1:14:12
  They want to be the middle man. So again, it all goes back to
• 1:14:15
  the very simple, don't listen to what they say, watch what they
• 1:14:18
  do. And if you are here, if you're a
• 1:14:22
  bitcoiner, obviously this is just like, of course, this is
• 1:14:25
  what I've been doing for years now.
• 1:14:26
  But if you're newer to the space and you're not that hip to how
• 1:14:30
  these narratives work or how these different attack vectors
• 1:14:34
  happen, this is the episode hopefully that starts to open
• 1:14:38
  your eyes to what is actually happening.
• 1:14:40
  They do not want to see people hold Bitcoin.
• 1:14:43
  So what are they going to do? They're going to do the only
• 1:14:46
  thing they have left, which is sick.
• 1:14:48
  The propaganda media wings on Bitcoin, Bitcoin companies,
• 1:14:51
  Bitcoiners so that people get scared.
• 1:14:54
  It's called a chilling effect. If they can scare people away
• 1:14:58
  from Bitcoin, then they can try to maintain the power that they
• 1:15:01
  currently have. If that doesn't work, then the
• 1:15:04
  last final battle is when they fully capitulate.
• 1:15:07
  But I would argue that the JP Morgan story we covered earlier
• 1:15:10
  in the day is a full capitulation by any other name.
• 1:15:13
  We're already seeing this happen in real time.
• 1:15:16
  Wall Street wants Bitcoin, government want Bitcoin.
• 1:15:19
  The very things that Bitcoin was kind of created to fight against
• 1:15:23
  are now starting to embrace Bitcoin.
• 1:15:25
  So it's upon you again, Stacks at stay humble, stay solvent.
• 1:15:31
  This is how you win. Make sure you're continuously
• 1:15:34
  buying more Bitcoin, taking into the self custody because all of
• 1:15:38
  the narratives are doing one thing.
• 1:15:41
  They're either trying to scare you away from Bitcoin and then
• 1:15:43
  they buy the dip and create products on the back end or
• 1:15:49
  maybe they're just like creating narratives to be like, oh, now
• 1:15:52
  that you're doing this, maybe I need to stay away.
• 1:15:54
  And we've seen that happen too. That's.
• 1:15:55
  Exactly what's happening? Dude, like they're they're
• 1:15:58
  literally I I I like Paolo said it from like it's from his
• 1:16:03
  words, not mine. Like this is grade A propaganda
• 1:16:08
  Like this is like, I I don't believe these people.
• 1:16:14
  I I personally do I like? What happened in 2008 was a
• 1:16:20
  crime like this is what This is why Bitcoin was invented like
• 1:16:23
  what happened in 2008 was, was, was it?
• 1:16:27
  It was so damaging for the younger generations that the
• 1:16:33
  same institutions that are riding on the coattails of
• 1:16:36
  legitimacy and these emblems that have been around for so
• 1:16:40
  long, they're they're basically saying like, look like it.
• 1:16:45
  It, it kind of reminds me of like legacy media and it kind of
• 1:16:48
  reminds me. I'll give you guys the best
• 1:16:50
  example. If you go, if you guys are in
• 1:16:53
  the United States or in Canada, whatever.
• 1:16:55
  If you go on Fandango, right? If you go on Fandango and you
• 1:17:01
  look at the difference between the reviewer scores and audience
• 1:17:07
  scores, like I don't even know why reviewer scores are even a
• 1:17:11
  thing. Anymore these days.
• 1:17:13
  Like in my opinion, like it should be only audience scores.
• 1:17:19
  Like it should be the people that are voting whether a movie
• 1:17:21
  is good or not. Like, the reviewers were
• 1:17:26
  necessary in an era where the Internet didn't exist because
• 1:17:31
  that was the only way for someone to come up and say, OK,
• 1:17:35
  this is a movie worth your time. So you needed that, like that
• 1:17:40
  person to review the movie. It's very similar with legacy
• 1:17:43
  media. Like legacy media was extremely
• 1:17:48
  useful when the Internet was not around because it was the only
• 1:17:52
  way to convey information on a mass scale.
• 1:17:57
  And you needed an element of trust.
• 1:17:59
  You need an element of legitimacy.
• 1:18:01
  You need an element of like, you know, truth.
• 1:18:03
  Like you needed all of those things.
• 1:18:05
  But in the era of social media, in the era of the Internet, like
• 1:18:11
  the person who tells the truth is going to get the most views.
• 1:18:14
  Like it doesn't matter whether you have the emblem, a a very
• 1:18:17
  official emblem and a very notable name on the back.
• 1:18:21
  Like look at what's happened to CNN.
• 1:18:23
  The CNN is a great example. Like CNN 10/15/20 years ago.
• 1:18:29
  If you tune into CNN, you're like all right dude, I'm getting
• 1:18:33
  the news. If I tune into CNN today, I'm
• 1:18:36
  like. What's the propaganda wing
• 1:18:40
  saying to me? Like what do they want me to
• 1:18:42
  believe, you know? And and then like Opti and I
• 1:18:44
  went through this when the pandemic was happening.
• 1:18:47
  Like it was like so crazy because like, and this was like
• 1:18:50
  when simply was just beginning. Like we were like, wait a
• 1:18:52
  second. Like, how the hell are we
• 1:18:56
  breaking these stories before these people are like they have
• 1:18:59
  like hundreds of millions of dollars in budgets, professional
• 1:19:02
  journalists and somehow like we're breaking the news.
• 1:19:05
  Stories 1st and then we're getting it and we're also
• 1:19:08
  getting it more accurate in terms of the, the, the
• 1:19:12
  journalism and the and the, the, the reporting like.
• 1:19:16
  We're not professional journalists.
• 1:19:18
  Like what the Hell's going on there, right.
• 1:19:20
  So it obviously lets you to lead to starting conclusions.
• 1:19:23
  So I think that's the. Best analogy to kind of like,
• 1:19:26
  you know, compare and contrast like I think this S&P rating is
• 1:19:31
  just an attack on Tether because Tether is crushing it most
• 1:19:37
  profitable company on the face of the planet by employee and
• 1:19:41
  also, you know, hold some of the largest gold reserves and it's
• 1:19:46
  run by Bitcoiners. And treasuries.
• 1:19:48
  And Bitcoin. And it's run by bitcoiners like,
• 1:19:50
  yeah, I, I, I, I guess I wouldn't like them either if I
• 1:19:53
  was part of the legacy financial system.
• 1:19:55
  But that's just an opinion. Anyways, guys, let's get to the
• 1:19:59
  culture. It is Thanksgiving.
• 1:20:00
  We're going to try to wrap it up.
• 1:20:02
  We'll be right back in just a SEC.
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• 1:22:06
  All right, all right, Nico, I was going to do a normal culture
• 1:22:08
  today, but it's not it's Thanksgiving.
• 1:22:11
  I'll push that for tomorrow. So I'll save what I have for for
• 1:22:14
  for you guys tomorrow. It's not a thanks, it's not a
• 1:22:17
  normal. Culture, it's not a normal
• 1:22:18
  culture. It's Thanksgiving, I think at
• 1:22:23
  this time. I think we did it last year.
• 1:22:25
  We're we're just going to shoot this shit with you guys for a
• 1:22:27
  little bit and then and then we got to get out of here.
• 1:22:28
  I guess we literally. We literally have our our
• 1:22:32
  families at the house. But my, my sister always does
• 1:22:34
  this corny thing and I always call it corny.
• 1:22:37
  I think I did it last year is where Thanksgiving, we sit
• 1:22:41
  around the table and you always say at least one thing that
• 1:22:44
  you're thankful for throughout the year and you guys can drop
• 1:22:48
  in the chat. Whatever it is, you can be
• 1:22:50
  serious, you control, but I I think it'd be a good way to just
• 1:22:54
  wrap up today's show. So what are we thankful for this
• 1:22:57
  year? I'll go first.
• 1:22:58
  I'm thankful for you bro. Aw, how cute.
• 1:23:02
  Come on dude, go I'm I'm not above flattery here.
• 1:23:05
  I'm thankful for you, dude. I mean, like I, I, you know, I,
• 1:23:09
  I, I run this company, I wear like all the hats I have to kind
• 1:23:15
  of be in the trenches of the whole thing and, you know,
• 1:23:19
  producing the most amount of content.
• 1:23:22
  No, I'm not going to say that, but.
• 1:23:30
  Producing as much content. As we do is very difficult.
• 1:23:33
  Yeah, facts. And making a business out of it
• 1:23:36
  is very difficult as well. So, you know, I, I wear a lot of
• 1:23:42
  hats and when I initially got into simply Bitcoin and, and
• 1:23:46
  making content, I initially just wanted to be a content creator
• 1:23:48
  in my heart. I still think I, I do want to do
• 1:23:50
  that, but you, you get bestowed all these responsibilities and
• 1:23:57
  at the end of the day, the live show is like my baby.
• 1:24:00
  You know, that's like literally what's gotten us, you know, on
• 1:24:03
  the radar of the Bitcoin world and Bitcoin industry.
• 1:24:07
  And I've had to kind of delegate it a little bit just because of
• 1:24:12
  the amount of responsibilities that I have these days.
• 1:24:15
  And I've delegated it to Opti. I'll be honest, it, you know,
• 1:24:20
  many times it's been rough. Many times I feel like he would
• 1:24:27
  have potentially got in the channel bands.
• 1:24:31
  But I think after a while, I think you got the, you know,
• 1:24:34
  the, the you, you, you kind of found your groove and you've
• 1:24:39
  lived up to the, to the, to the, to the role and to what's what,
• 1:24:45
  what's been expected of you. And, you know, I think you've, I
• 1:24:52
  think you've done a great job. So the days that I'm travelling,
• 1:24:55
  podcasting, you know, talking to certain people, you know, and
• 1:25:01
  you, you guys don't see me on the show and you see Opti Opti's
• 1:25:07
  pushing the buttons literally and figuratively.
• 1:25:11
  So I am thankful for you for doing that bro.
• 1:25:13
  I appreciate. It Well, thank you.
• 1:25:15
  I appreciate that. I do appreciate that.
• 1:25:17
  Yeah, guys, I'm the one to blame for most of the stuff.
• 1:25:19
  OK, you guys yell at me about the thumbnails, the titles.
• 1:25:23
  Dude, it's all me, guys. I I've been, I've been letting
• 1:25:25
  Nikka take the heat for that. It's all it's all me.
• 1:25:30
  No, Nikka, thank you, man. I I appreciate that.
• 1:25:33
  This year's definitely been one of those.
• 1:25:36
  Building years for us. I haven't taken a break all
• 1:25:39
  year. It's been super hectic.
• 1:25:41
  Of course, the price has been wrecked, the news sometimes have
• 1:25:43
  been slow. But what I'm most thankful for,
• 1:25:47
  obviously on the one hand, it's Nico as well for initially
• 1:25:51
  taking kind of the chance with me and then throwing me into
• 1:25:54
  this position. On the other side, it's really
• 1:25:57
  every single one of you guys. You guys like the fact that
• 1:26:00
  we've built this company, the show.
• 1:26:02
  The. The as I like to joke with you
• 1:26:04
  guys, the cult following out there, like I said it what last
• 1:26:08
  week when I came back from the mining disrupt and I'm most
• 1:26:13
  thankful for all of you guys that are out there that are
• 1:26:16
  literally helping us, you know, build this dream job.
• 1:26:20
  But also kind of the feedback loop, the positive feedback loop
• 1:26:24
  within you guys that you guys when you come up to us and
• 1:26:26
  you're like, dude, you guys are killing it.
• 1:26:28
  I love I love Ruston when he goes bananas.
• 1:26:31
  I love Dante. I love when Nico gets crazy
• 1:26:34
  eyed. I love Opti joking like you're
• 1:26:36
  macro takes and that's the stuff that keeps us going because we
• 1:26:41
  forget that there's real people out there.
• 1:26:43
  To us, it's just kind of numbers, you know, we, we're
• 1:26:45
  literally sitting here looking into cameras, just talking and
• 1:26:49
  so. We, we see thousands of people
• 1:26:52
  like that are like tuning in, but like, we don't know what
• 1:26:55
  that means, right? So like the only time we ever
• 1:26:58
  experienced that, like in meat space is like when we go to
• 1:27:01
  conferences and like, we have like people come up to us and
• 1:27:04
  like, Hey, can I take a picture with you?
• 1:27:05
  And it's like, oh, wow. Like, you know, like what we
• 1:27:08
  like. This is crazy, but you know.
• 1:27:11
  Yeah, they're saying drunk bro love is the best love.
• 1:27:16
  It's Thanksgiving, guys. The Roman I.
• 1:27:18
  Don't know about. Drunk bro, I don't know about
• 1:27:20
  that, but like, you know, the Romans have us and I'm not going
• 1:27:24
  to go down that rabbit hole, but the, the, the point I'm trying
• 1:27:28
  to make is that like, we don't know, like we don't see, we
• 1:27:32
  don't see the reality of, of what our audience is because
• 1:27:38
  it's all digital, right? So, you know, like it, it could,
• 1:27:42
  you, could you guys imagine like what 50 people in a room is
• 1:27:45
  like, it's a lot of people, right?
• 1:27:48
  So like, in my mind, I'm like, Can you imagine what like, and
• 1:27:51
  some of our video just get hundreds of thousands of views.
• 1:27:53
  So it's like, Can you imagine what like 1000 people in a room
• 1:27:57
  would be like, like a later literally 1000 people in a room.
• 1:28:02
  It's a lot of effing people. It's a lot of people and these
• 1:28:06
  days that's what our live streams get.
• 1:28:09
  So like, but we don't see that. We don't know what that means.
• 1:28:13
  Like we don't like, we don't have like a like a human
• 1:28:17
  indication of that. Like what we see is numbers on a
• 1:28:20
  screen. So, you know, obviously it means
• 1:28:24
  a lot. You know, again, our, our, our,
• 1:28:28
  you know, we're really thankful for, I'm very thankful for our
• 1:28:30
  partners. That's another one.
• 1:28:33
  Very thankful for our partners 'cause they're the ones that
• 1:28:35
  keep the lights on. I do like the lights.
• 1:28:37
  So, you know, I want to give a shout out to, you know, Bitcoin
• 1:28:41
  way let in Bitcoin. Well, you know Bitkey.
• 1:28:45
  Stamp. Seed Stamp. 1-2 Stamp. 123.
• 1:28:48
  Bitcoin bad. Bitcoin band, but bit love, bit
• 1:28:51
  love all of Bitcoin bands. SAS, you know, we would not be
• 1:28:55
  on air without our partners, so I think we're missing a couple.
• 1:29:00
  So hive, of course. I.
• 1:29:03
  I you know, we would not be on air without you guys.
• 1:29:06
  So we're very very, you know, very, very thankful for all you
• 1:29:10
  guys and mining disrupts again, big Bitcoin Ben yeah, a very,
• 1:29:17
  very, very thankful for all you guys would not be on air without
• 1:29:20
  you guys. We're not we would not be on air
• 1:29:22
  without our audience. So thankful for you guys really
• 1:29:24
  appreciate you guys tuning in every single day.
• 1:29:26
  Maybe our dreams come true making this live show keep
• 1:29:29
  going. It's been five years since this
• 1:29:32
  show launched, which is pretty crazy to say when when Opti
• 1:29:36
  joined, you know, we we decided to take it live.
• 1:29:41
  It was an experiment at the time.
• 1:29:42
  It turned out to be a very good idea, but.
• 1:29:46
  You could say I was right. You could say I was.
• 1:29:48
  Right. Yeah, I think you're absolutely
• 1:29:49
  right. And, you know, here we are many
• 1:29:53
  years later, you know, five years since Simply's founding
• 1:29:55
  and. Yeah, here's to at least one
• 1:30:00
  more year, yeah, and hopefully another 10.
• 1:30:02
  I my, my mind is I kind of take it day by day and you know,
• 1:30:07
  like, let's see what happens. But yeah guys, we really
• 1:30:11
  appreciate you guys tuning into the show.
• 1:30:12
  We love you guys. We.
• 1:30:13
  Appreciate you. Maybe we should be thankful for
• 1:30:15
  Bitcoin as well. I'm thankful for Bitcoin.
• 1:30:17
  I'm a thankful. For, I mean, not for this year.
• 1:30:18
  This year's been kind of mid, but hey, there's still time left
• 1:30:21
  in the year. I think you just have your
• 1:30:23
  expectations too high. You know, I think we're in a
• 1:30:26
  bear market, I think. We're still ripping.
• 1:30:29
  Maybe, maybe. Anyways guys, go enjoy your
• 1:30:32
  Thanksgiving. Go enjoy it with your family.
• 1:30:34
  I hope this was entertaining. For you, I hope you.
• 1:30:36
  Provided a little bit of value, some sauce, some signal crazy
• 1:30:40
  stuff happening with JP Morgan and MicroStrategy like kind of
• 1:30:43
  this this war on Wall Street. Again, if you live in the EU,
• 1:30:47
  hit up your representative, tell him you don't you're not OK with
• 1:30:51
  chat control like that. That sounds crazy.
• 1:30:54
  And again, it's you know, the Flack is heaviest over the
• 1:30:57
  target. When I see tether being attacked
• 1:31:00
  by legacy financial kind of institutions and media that
• 1:31:05
  tells me the right over the target.
• 1:31:07
  Like the the very idea that to make an even to make even an
• 1:31:11
  argument that, you know, it's the most profitable company on
• 1:31:17
  the face of the planet. They have gold reserves that
• 1:31:19
  like compete with central banks and to tell me.
• 1:31:22
  That they have a solvent. Like it's so crazy.
• 1:31:25
  But again, the signal there is it tells me that Bitcoin is
• 1:31:29
  winning. That's what it tells me, right?
• 1:31:32
  And that's what I want you guys to internalize.
• 1:31:34
  So whether we're heading into a bear market next year or
• 1:31:37
  whether. We're not.
• 1:31:38
  No one really knows. Anyone who tells you otherwise
• 1:31:41
  is straight up lying. Enjoy the day with your family,
• 1:31:45
  enjoy the day with your friends. Get fat, eat some Turkey, eat
• 1:31:48
  some stuffing and for people. That don't celebrate
• 1:31:51
  Thanksgiving. Enjoy the day regardless.
• 1:31:53
  Yeah, drink some Baileys. And we'll try to make.
• 1:31:56
  It here tomorrow we'll have a show.
• 1:31:58
  We'll try, I'll go for her, not we'll be here.
• 1:32:02
  We'll we'll be here tomorrow and and hopefully we'll celebrate it
• 1:32:06
  for you guys. But anyways, guys, we love you
• 1:32:08
  all. We appreciate it.
• 1:32:09
  Watch out Opti, please, for me and Opti, all the love in the
• 1:32:14
  world. Thank you guys so much.
• 1:32:16
  Again, we wouldn't be here without you and we'll see you
• 1:32:19
  guys tomorrow for a brand new episode of SB live.
• 1:32:21
  Take care, everybody. Today's episode was brought to
• 1:32:24
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:32:28
  mission to enable financial independence.
• 1:33:06
  We're still live. We forgot the giveaway.
• 1:33:09
  Let. Me turn the lights.
• 1:33:10
  Back Obti's going to turn on the lights, but yeah, we forgot the
• 1:33:13
  SAT giveaway from Bitcoin. Well, which has happened to us a
• 1:33:17
  couple times, but let me sign in.
• 1:33:19
  Here, But anyways, if you stuck around Freesat, Freesat Freesat
• 1:33:24
  alert free SAT's alert. So anyways.
• 1:33:29
  You guys what? I'm just laughing.
• 1:33:34
  Shout out to Psycho Psycho 05 he called it.
• 1:33:38
  He called us out on it. And he goes like, let's go back.
• 1:33:42
  Yeah, let me see if I can even. There we go.
• 1:33:46
  No. Maybe.
• 1:33:49
  Maybe we did this for nothing. I just keep spelling it wrong.
• 1:33:55
  Wow, you have a very tough name to spell.
• 1:33:59
  There we go. All right, so for anyone who
• 1:34:02
  doesn't know, every time you buy Bitcoin on Bitcoin Well, you
• 1:34:07
  earn something called Bitcoin well points, and you can redeem
• 1:34:11
  those points at the Bitcoin wishing Well platform and UI,
• 1:34:16
  right? So essentially every time you
• 1:34:21
  buy Bitcoin, you earn these points and you can redeem those
• 1:34:23
  points towards a Bitcoin well hoodie, a bid ax, an orange
• 1:34:28
  cyber truck, a leather mint wallet, a stamp seed plate.
• 1:34:34
  And the way that you redeem them is you press this little play or
• 1:34:38
  sorry, you can redeem them here, but you could also play the
• 1:34:41
  Bitcoin wishing well contest. Bitcoin wishing well contest is
• 1:34:44
  awesome because you have an opportunity to win up to
• 1:34:47
  1,000,000 SAT's every single time you play right.
• 1:34:51
  So we're gonna do be doing that live for you guys right now.
• 1:34:54
  We're gonna be playing the Bitcoin wishing well contest.
• 1:34:56
  Get your Lightning wallets ready.
• 1:34:58
  First person to scan the QR code has won today's grand prize of
• 1:35:02
  400 SAT's. Again, if you sign up to Bitcoin
• 1:35:06
  with bitcoinwell.com today by using bitcoinwell.com/simply you
• 1:35:11
  got 3 tosses into the wishing well and every single toss you
• 1:35:15
  have an opportunity to win up to 1,000,000 SAT's.
• 1:35:18
  But today's grand prize is 400 SAT's.
• 1:35:20
  So if you guys have stuck around for whatever reason.
• 1:35:22
  Do another one. Do another one.
• 1:35:24
  All right, we'll do another one. We'll do three.
• 1:35:25
  We'll do three, 'cause it is Thanksgiving.
• 1:35:28
  So another one, get your Lightning wallets ready.
• 1:35:33
  You have won 665 sats and we're going to play it one more time.
• 1:35:43
  You have won 458 sats. So again, if you guys go to
• 1:35:49
  bitcoinwell.com/simply, you sign up and you use that link,
• 1:35:54
  bitcoinwell.com/simply, you get 3 tosses into the wishing well
• 1:35:58
  every single time. You're guaranteed to win, but
• 1:36:01
  you're also put could potentially win up to 1,000,000
• 1:36:04
  sats, which is like almost $1000 these days.
• 1:36:08
  So go to bitcoinwell.com/simply today and thank you for
• 1:36:11
  reminding us in the chat that we forgot to do that.
• 1:36:13
  So anyways guys, happy Thanksgiving this time we're
• 1:36:16
  signing off. Love you all.
• 1:36:18
  We we'll be back tomorrow, I think maybe potentially.
• 1:36:22
  Yeah, we'll be back tomorrow. We'll be back tomorrow.
• 1:36:25
  We'll be. Back tomorrow.
• 1:36:25
  Take it, take it easy everybody. Love you all.
• 1:36:27
  Peace. Today's episode was brought to
• 1:36:30
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:36:33
  mission to enable financial independence.