Latest / Simply Bitcoin / Why Is The Price Of Bitcoin CRASHING?! (Bull Run Cancelled?) | EP 1337

Transcript

Why Is The Price Of Bitcoin CRASHING?! (Bull Run Cancelled?) | EP 1337 · Simply Bitcoin

• 0:00
  Yeah. What's up?
• 0:01
  What's up everybody? Bitcoin is crashing once again.
• 0:06
  But what if this isn't just a normal dip?
• 0:09
  New data suggests this sell off is simply designed to shake you
• 0:14
  off, shake you out of your coins.
• 0:17
  What corporations are stacking ginormous, colossal, enormous
• 0:22
  amounts of Bitcoin, stacking 10s of thousands out of time.
• 0:27
  Banks are preparing to step into the market.
• 0:30
  Of course we know what the Trump administration is planning.
• 0:33
  The long term models are still flashing 6 figure targets.
• 0:37
  You got to ask yourself, is this crash really a sign of weakness
• 0:43
  or more proof that smart money wants your Bitcoin?
• 0:48
  I was taking a look at a data point from Metaplanet, the
• 0:52
  largest Bitcoin treasury company in Japan, and it seems like they
• 0:56
  have been buying 10% of the Bitcoin mined for the last year.
• 1:03
  So if you have all these companies gobbling up all of the
• 1:06
  Bitcoin, all the Bitcoin that's being mined, all the Bitcoin
• 1:10
  that's freely tradable, you got to ask yourself what's going on
• 1:14
  with this price action and my opinion.
• 1:18
  And we're going to pay you. We're going to play you a clip
• 1:20
  from Jack Muller's as well, is that they're trying to shake you
• 1:24
  out of your position. They're trying to get your
• 1:27
  Bitcoin. Smart money wants your Bitcoin.
• 1:31
  But the good news is this, I ain't selling.
• 1:34
  I'm not taking my Bitcoin out of cold storage.
• 1:36
  Opsi, are you selling? I have no coin to sell.
• 1:40
  Opti has no coin to sell. So you got to you got to stay
• 1:44
  humble, you got to stack sats, you got to keep your Bitcoin in,
• 1:48
  in cold storage. And eventually like a balloon
• 1:52
  ball, like a beach ball that you put under the water, it
• 1:56
  eventually explodes. And the, the, the longer you
• 1:59
  hold it under the water, the more ferocious that explosion
• 2:03
  tends to go up. And I think we're heading into
• 2:05
  Q4, which historically tends to be the best performing quarter
• 2:11
  for Bitcoin. So guys, buckle up.
• 2:13
  It's going to be incredible show.
• 2:15
  We're happy to be back. It's the Monday show.
• 2:18
  It's the good show. Anyways, everybody, let's check
• 2:20
  out this clip from the one the only Jack Maulers.
• 2:24
  Markets will either wear you out or scare you out.
• 2:28
  OK, wear you out. Meaning what it's doing now.
• 2:31
  Exhaust you. Tempt you with mean coins with
• 2:35
  Trump coin. Make you go up then down and up,
• 2:39
  then down and up then down. You're like, man, I thought this
• 2:41
  Jack guy said we were going to the moon.
• 2:43
  We have a lift on. I thought Bitcoin was going to
• 2:45
  fix the money, fix the world. I thought holding sacks and
• 2:49
  staying humble was going to solve all my problems.
• 2:52
  And it's going to exhaust you. It's going to wear you out and
• 2:54
  wear you down, or it's going to scare you out.
• 2:57
  Sometimes this market will just take the seat right from on you.
• 3:01
  You ever been on those giant drop rides where they bring you
• 3:04
  up and then just whoosh and they just drop you down?
• 3:07
  You feel that gut wrenching fear in your stomach.
• 3:11
  That's what markets will do as well.
• 3:14
  Bitcoin will trade 25% down in one day and it'll scare you out.
• 3:18
  Be like ah screw it, I'm out of this market.
• 3:20
  I don't fucking understand Bitcoin at all.
• 3:22
  I. Don't trust these Bitcoin
• 3:23
  influencers. I don't trust the Bitcoin
• 3:25
  standard. St.
• 3:26
  Vanina Moose. These fucking guys are fucking.
• 3:29
  Cuckoo. So where are you out?
• 3:30
  Or scare you out? And that's where we are.
• 3:33
  We're being worn out right now. I wouldn't be surprised if this
• 3:37
  market tried to scare you out as well.
• 3:39
  It's a is a drop to 80 K impossible?
• 3:42
  No, not at all. I preach patience.
• 3:47
  I preach conviction. I'm an advocate of the trend.
• 3:50
  I'm an advocate of the fundamentals.
• 3:52
  I'm an advocate of math, of cryptography.
• 3:55
  Trading this market, no bueno. You will get scared out.
• 3:58
  You will get worn out. And I'm telling you, I've been
• 4:01
  telling you since Thanksgiving, there's going to be a lot of
• 4:03
  volatility in the near term. This market's not going to run
• 4:06
  away yet. It's also not going to zero.
• 4:08
  We know that it's going to chop and chop and chop and chop and
• 4:12
  chop. So another week goes by.
• 4:15
  I've got relatively the same update.
• 4:18
  Stay focused work. Hard.
• 4:21
  Earn more than you spend. Stack sacks.
• 4:25
  Stay humble. So beautiful edit put together
• 4:31
  by Jack Maulers and just saying the quiet part out loud.
• 4:35
  I think that this market specifically this year, right,
• 4:38
  you have Bitcoin going up 25% year to date.
• 4:43
  And if you compare that with any other type of return, can you
• 4:46
  put up my volume please? If you put Bitcoin's, if you put
• 4:49
  Bitcoin's yearly return with any other asset, Bitcoin has
• 4:55
  performed amazingly. 25% year to date return is fantastic.
• 5:01
  If you get that in the stock market, you think you're a
• 5:05
  genius, you think you've had an amazing return.
• 5:07
  However, you know, it feels a little bit pedestrian, you know,
• 5:11
  coming from the Bitcoin world, right, where we're used to
• 5:14
  multiple hundreds of percent yearly return in Bitcoin.
• 5:18
  And just take a look at last year.
• 5:20
  I mean, I think it was it was like 80% or something like that.
• 5:23
  And if you take a look at Bitcoins historical performance,
• 5:27
  you know, in the year after the halvings, they tend to be
• 5:30
  explosive. I mean in 2021 we got, I think
• 5:33
  it was 600%. In 2017 I think we got a 2000%
• 5:38
  return. We started the year at 1000 U.S.
• 5:41
  dollars. We ended up with 20,000 at the
• 5:44
  end of the year. So yes, I think everybody you
• 5:47
  know is a little bit shaky. Everybody's feeling the a little
• 5:50
  bit of the pain and everyone's asking like why, why is the
• 5:53
  price going down? We are at 117,000.
• 5:57
  I don't know what happened over the weekend and now we're at
• 5:59
  $112,800. It makes absolutely no sense.
• 6:03
  I, I don't understand and I think Jack Mahler summarized it
• 6:07
  perfectly. This is smart money trying to
• 6:10
  shake you out. They're trying to exhaust you.
• 6:13
  They're trying to get you out of your bags.
• 6:16
  They're trying to say, hey, listen, you know, bitcoins done,
• 6:19
  bitcoins over. You got to go chase those meme
• 6:22
  coins. Now, if you want you want some
• 6:24
  of those gains, you got to go chase some of those alt coins,
• 6:27
  you got to go chase some of that that gambling.
• 6:30
  If you want some of those returns and all those bitcoiners
• 6:33
  you're saying is like, listen, this is in from a risk adjusted
• 6:38
  return, you know, a vantage point in perspective.
• 6:43
  This is the most sure thing that you know.
• 6:47
  And again, this is an opinion, not financial advice.
• 6:49
  This is the most sure thing that I think you know you can you can
• 6:53
  this is the most sure thing opportunity that I see.
• 6:57
  I mean, you have the Trump administration basically putting
• 7:01
  basically saying we're ending Operation choke .2 point O we're
• 7:05
  embracing it. They want to make the United
• 7:07
  States of America the Bitcoin capital of the world.
• 7:10
  They're they're posting at from the official White House X
• 7:13
  account. You have the vice president of
• 7:15
  the United States speaking at the largest Bitcoin conference
• 7:17
  in the world, Bitcoin 2025. You have MicroStrategy
• 7:21
  outperforming every other company on the SM, on, on the
• 7:25
  NASDAQ, on the S&P 500. I mean, you couldn't ask for
• 7:31
  more bullish news. You couldn't ask for more
• 7:34
  confirmation signals about what's to come in the next two
• 7:39
  to four years. I think right now it's just a
• 7:42
  waiting game. I've posted this many times.
• 7:45
  A lot of people have resonated with it.
• 7:47
  I said, listen, we already won. It's a waiting game at this
• 7:50
  point, but people are feeling the frustration.
• 7:53
  And I and I, and I got to say, I think that there is some some
• 7:57
  shenanigans that are happening, but not shenanigans in terms of
• 8:01
  of, you know, doing anything shady or anything like that.
• 8:04
  But I think that smart money is trying to squeeze you out of
• 8:08
  your bags. I think that's what's happening.
• 8:10
  I think it's as simple as that. I think that they're trying to
• 8:13
  exhaust you. I actually posted a tweet I'm
• 8:17
  gonna see if I could post pull it up for you guys a a couple
• 8:21
  days ago and it's basically like how Bitcoin has felt in in the
• 8:29
  year 2025. Opti laughed at it when when I
• 8:33
  put when I posted it. But this is how Bitcoin is felt
• 8:36
  in 2025. We started the year extremely
• 8:40
  optimistic. We had, you know, the, the, the
• 8:44
  election of Donald Trump, the end of Operation Choke .2 point
• 8:48
  O, the promise of a strategic Bitcoin reserve.
• 8:52
  We had all of that lined up. And you know, me and Opti, we're
• 8:56
  on cloud 9. We were celebrating, we had 1000
• 8:59
  people watching live just on YouTube alone.
• 9:03
  And you know, our channel was much smaller back then and we
• 9:06
  were celebrating. We were, we are euphoric a
• 9:08
  little bit and you know, here we are nine months later and the
• 9:12
  price is literally $3000 higher than when it was back then,
• 9:18
  right? That is not a bull market, my
• 9:20
  friends. Like that is not a bull market.
• 9:22
  Bitcoin has been chopped solid dating for the last nine months,
• 9:28
  but the good news is, is that we have Q4 ahead of us and Q4
• 9:33
  historically tends to be the most parabolic, the most
• 9:36
  explosive quarter in bitcoins history.
• 9:40
  Now will Bitcoin, you know, will Bitcoin break that pattern that
• 9:45
  has yet to be determined? We shall see.
• 9:49
  Will Bitcoin enter kind of like this new phase?
• 9:52
  People are speculating that Bitcoin has broken the four year
• 9:56
  cycle because of this institutional demands in Bitcoin
• 10:00
  and because of the smart money buyers you you'll no longer have
• 10:04
  this crazy volatility to the upside nor the downside.
• 10:08
  Again, these are all theories we don't know, but we're going to
• 10:12
  find out very soon. We're going to find out in the
• 10:15
  next three months if Bitcoin again, it's still following the
• 10:19
  four year cycle or we are truly in uncharted territory.
• 10:24
  One thing is for sure though, number will go up.
• 10:27
  At the end of the day, it's Infinity divided by 21 million.
• 10:32
  But I think a lot of other people are feeling the doubt,
• 10:35
  are feeling the uncertainty. I have some posts by Will Panda
• 10:40
  and he had some things to say, but I think if you guys want to
• 10:43
  get the TLDR from this intro, from this hook, it's this.
• 10:48
  Listen to Jack. Listen to that wisdom.
• 10:51
  Don't get shaken out. They're trying to exhaust you.
• 10:54
  They're trying to bore you to death.
• 10:56
  They're trying to get you out of your bags.
• 10:59
  That's what they're trying to do.
• 11:00
  That is what's happening right now.
• 11:02
  You have smart money. You have institutional money.
• 11:05
  There's not enough Bitcoin to go around.
• 11:08
  So they're trying to get your Bitcoin.
• 11:10
  Do not give it to them. Do not give it to them.
• 11:13
  Stay humble, stack sats, stay solvent, go outside, touch some
• 11:18
  grass and you know, at the end of the day, I think you'll turn
• 11:22
  out just just all right. All right, everybody.
• 11:24
  So let's take a look at some of Whale Panda's posts.
• 11:27
  I'm going to start off with this one.
• 11:29
  The last this last week we had $890 million of net inflows from
• 11:35
  ETFs and Sailor bought more Bitcoin is flat on the weekly
• 11:40
  with a rate cut and all other assets, stock indexes, gold,
• 11:44
  etcetera closing a very green week almost seems like there are
• 11:49
  more than 21 million BTC in circulation alluding to that
• 11:55
  paper, paper Bitcoin now next post by Bitcoin Archive.
• 12:02
  And he says the largest Bitcoin and crypto liquidation of the
• 12:06
  year just happened. And of course, that was over the
• 12:10
  weekend. But here's a comment from hi-fi
• 12:13
  everyone long the rate cut. But frontrunners frant the
• 12:17
  frontrunners. Reflexive euphoria met reflexive
• 12:21
  execution. You saw it coming if you
• 12:24
  understood how positioning works.
• 12:26
  Leverage bloated off narrative. Market makers fed the hope.
• 12:30
  Liquidity thinned at the strike. Then came the harvest.
• 12:33
  Liquidation isn't news, it's consequence.
• 12:36
  Bitcoin didn't flinch because it wasn't longing the Fed.
• 12:41
  So anyways, also British Huddle, he has some fantastic analysis.
• 12:45
  He's been making the case that listen, look, at the end of the
• 12:48
  day, you know, a 25 basis points cut wasn't enough.
• 12:54
  It wasn't enough to really get this bull market started.
• 12:58
  We needed something significantly more.
• 13:01
  And you know, I gotta agree with President Trump.
• 13:04
  This is what British Hoddle was saying as well.
• 13:07
  Too late, Powell. I think Powell was too late.
• 13:09
  We got the news that we got the news that the job markets wasn't
• 13:15
  as strong as they were portrayed To us.
• 13:19
  It seems like the previous administration was saying that
• 13:23
  the employment rate was a lot higher than a lot of jobs were
• 13:28
  being created. It seems like there was a
• 13:29
  massive correction. And again, the Fed is not
• 13:33
  reacting to that. In my opinion.
• 13:35
  I think the feds acting extremely politically.
• 13:38
  I've been saying that all year. I, I'm not the only one saying
• 13:41
  that. You have Senator Cynthia Lummis,
• 13:43
  the Bitcoin senator. You have Caitlin Long, the CEO
• 13:46
  and founder of, of the world's first Bitcoin bank in coming out
• 13:51
  of Wyoming, Custodia Bank, and she's she's making the case as
• 13:57
  well. I don't think the Fed is acting
• 13:59
  as this independent bipartisan institution.
• 14:03
  I think it's acting extremely partisan.
• 14:05
  I think it's acting extremely politically right.
• 14:08
  So anyways, you know, Bitcoin is kind of going up again, It's
• 14:12
  going up the stream. That's really what it's doing.
• 14:16
  But at the end of the day, to circle it back around, to weave
• 14:19
  it back in, we got to focus on what Jack Mahler's was saying.
• 14:23
  I think at the end of the day, fundamentally, they're trying to
• 14:26
  bore you to death. They're trying to shake you out.
• 14:29
  That's what it, that's what it's come down to.
• 14:31
  But the good news is, is that we're heading into Q4 and Q4
• 14:36
  tends to be where the fireworks happened.
• 14:39
  And when the fireworks happened is, you know, when you tend to
• 14:43
  see these parabolic movements. I was actually talking to what
• 14:48
  who opted he calls the demons Yesterday I was talking to
• 14:51
  ChatGPT and I was like, look, ChatGPT like what's going on?
• 14:55
  Like are, why are we seeing, you know, like is the Bitcoin cycle
• 14:59
  over? What's you know, and you of
• 15:00
  course, you put in all this data, you put in all this
• 15:02
  information and ChatGPT is like, no, it's, it's not over it.
• 15:07
  It thinks bitcoins going to reach 175 to 200 K by the end of
• 15:11
  the year. And I said, Are you sure about
• 15:13
  that? He said, of course, if if
• 15:15
  Bitcoin follows its historical patterns, that's where it should
• 15:19
  end up. And I'm like, what about on the
• 15:21
  bullish side? On the bullish side, it said two
• 15:23
  275 to 300. Ki said, Are you sure we're
• 15:26
  three months away towards the till the end of the year and
• 15:30
  you're telling me these crazy price predictions AI like what
• 15:33
  are you talking about? And it said, listen, if you look
• 15:35
  at the historical patterns, you know, 175K to 200K Bitcoin
• 15:41
  doesn't seem that crazy. And at the end of the day, if
• 15:45
  Bitcoin does make this recovery, you know, then it lines up with
• 15:50
  all the previous other cycles, then it doesn't seem like
• 15:53
  Bitcoin underperformed in 2025. It actually seems like Bitcoin
• 15:57
  performed just like every other cycle has performed in the past
• 16:02
  while taking into account the diminishing returns.
• 16:05
  Of course, it's a lot harder for Bitcoin to 2X at a $2 trillion
• 16:09
  market cap than it was for Bitcoin to 2X at $100 billion
• 16:14
  market cap, right? And I think that's a reality
• 16:16
  that we all have to take into account.
• 16:17
  So anyways, to summarize, summarize it all up and to weave
• 16:21
  it back in and pass it on to Opti.
• 16:24
  Opti, I think they're just trying to shake everybody out.
• 16:26
  I think they're trying to get everyone's corn.
• 16:28
  I think that's what it comes down to.
• 16:30
  I'm going to pull up this picture because again, it's
• 16:32
  extremely fitting. This is this is I think what a
• 16:37
  lot of people are feeling. At least Will Panda is feeling
• 16:40
  this way. This is 2025, if you were to
• 16:44
  summarize it as a bitcoiner in terms of the chop solidation, in
• 16:49
  terms of it going sideways. But I think Q4 can be very
• 16:54
  explosive. But at the end of the day, we
• 16:56
  shall see. We're we're heading into
• 16:58
  potentially uncharted territory. I don't know, man.
• 17:02
  I don't know. People in the chat are saying,
• 17:04
  hey, look, it's just a 2% crash. It's just a 3% crash.
• 17:08
  Yeah, But you have to understand, guys, like I
• 17:10
  remember back in the day when Bitcoin was, you know, just
• 17:14
  $4000 per coin. Right now it's making $4000
• 17:19
  moves. And people are saying, hey dude,
• 17:22
  it's just a 3% crash. What are you talking about?
• 17:24
  Like what? What?
• 17:25
  What's going on, man? Anyways, Opti, is this a
• 17:28
  September crash that everybody was talking about?
• 17:31
  What's your take? Well, obviously if we're looking
• 17:35
  at the September returns, we're probably just right on course
• 17:40
  right now. It was feeling good last week.
• 17:41
  We, we were kind of around the 8%, seven and a half, 8%.
• 17:45
  So we, we were feeling, we were feeling really good about what's
• 17:48
  going on. And I'm not going to lie, this
• 17:51
  morning when I woke up and I saw the price, I got it.
• 17:54
  I got the new iOS update. So I have it like on my home
• 17:56
  screen and I, you know, look at my phone to get to my messages
• 17:59
  and I see at 1:12 I'm like, man, Ponzi is over.
• 18:02
  Like we're broke again today. This sucks.
• 18:05
  What a way to start the week. And then I actually look at the
• 18:07
  chart and like everyone in the chat saying A2, it was like a
• 18:10
  2IN it almost 3% drop. And it's funny 'cause it does
• 18:15
  feel like a crash, but again, it's moved 3% and you're just
• 18:19
  like, whatever. It didn't.
• 18:21
  Really. Didn't do anything, but like
• 18:24
  Nika said, you know, in the past Bitcoin was, you know, 4 to 1010
• 18:29
  K and now it's moving in those directions which really leads to
• 18:32
  this idea that we've been saying for a while that as it grows
• 18:36
  bigger, it's going to oscillate by all time high numbers.
• 18:38
  SO10201020K5K now is like the norm.
• 18:44
  So even though the percentage terms are really small, I think
• 18:47
  the fluctuations do feel bigger, like just cause the numbers are
• 18:51
  bigger. But in reality it's not that big
• 18:54
  of a crash. It just, it does feel a little
• 18:56
  demoralizing and I think that's why it was so perfect to play
• 18:59
  Jack this morning because that's exactly what I think's going on
• 19:02
  'cause I'm starting to feel it. Like I, I literally been joking
• 19:04
  the last week. Like Ponzi's over, guys, wrap it
• 19:07
  up. It was a good run.
• 19:08
  We're we're going back to 58. K, we're going back down to 0.
• 19:12
  This is literally me. This is me right now.
• 19:14
  I didn't drink enough coffee. I drink like 6 cups of coffee
• 19:17
  and I'm still not feeling good. But when you look at the chart,
• 19:22
  it's really not moving. And I think what is actually
• 19:25
  going on is exactly what Nico's saying.
• 19:27
  I think this is just being demoralized.
• 19:29
  They're trying to shake us out of the coins.
• 19:31
  And when you kind of understand how the markets move, it always
• 19:34
  does something similar where they liquidate the longs and
• 19:36
  then they liquidate the shorts and that's usually the pretense
• 19:40
  for things to start moving up again.
• 19:43
  And so first of all, we're we're starting to see that we're
• 19:46
  starting to liquidate all of the leverage.
• 19:48
  And then that's usually when things start ripping and it
• 19:51
  feels like we. Are about to like.
• 19:54
  I've been saying for a while, and I obviously have been wrong
• 19:56
  because I keep thinking that like now is the time that we go.
• 20:00
  But we just haven't started moving yet.
• 20:02
  But it will start moving and yeah, pull.
• 20:04
  Up, pull up, pull up that pull up this soon.
• 20:07
  This will be me soon. So this is the beginning of the
• 20:11
  year with all the enthusiasm, all the hype, you know, American
• 20:17
  Hoddle was saying give me his 2017 vibes.
• 20:20
  I was like basically posting pictures of Trump saying 500 K
• 20:24
  2025, right? Everyone was so excited, you
• 20:28
  know, January of this year, right?
• 20:32
  And you know, they don't call it the trenches for no reason,
• 20:35
  right? They don't call it the Bitcoin
• 20:37
  roller coaster for no reason. And again, it reminds me of this
• 20:40
  movie, All Quiet on the Western Front.
• 20:41
  They've made so many remakes already, but the latest one on
• 20:44
  Netflix, fantastic movie. And it's just this very
• 20:48
  enthusiastic, you know, you know, young German soldier, very
• 20:54
  excited to sign up for the war. And, you know, he gets, you
• 20:58
  know, he basically gets, you know, entangled.
• 21:01
  He gets he gets caught up in the hype, right?
• 21:04
  Of of, you know what, what the expectation, I think is the
• 21:08
  keyword. And then, you know, after a
• 21:11
  couple years of, you know, being in the trenches, you end up with
• 21:16
  this, the 1000 yard stare, right?
• 21:19
  And I think that this 2025 is a, a, a, a great summary.
• 21:25
  I mean, a, a great indication of this, a, a, a great example of
• 21:29
  this right, of, of just this consolidation, You know, all
• 21:33
  these hopes and dreams that we had in the beginning of the
• 21:36
  year. And then all fundamentally we're
• 21:38
  up $3000. We're up $3000.
• 21:43
  Did it sell over? We're up. 3000 dollars nine
• 21:46
  months later, right? This sucks.
• 21:48
  That goes, that goes, that creates this, right, which is me
• 21:52
  and Opti excited and celebrating to this.
• 21:55
  But I think that's why that Jack Mahler's clip was so powerful
• 21:59
  because it's basically explaining like, look, guys,
• 22:02
  like they're trying to shake you out, they're trying to exhaust
• 22:06
  you. They're trying to force you to
• 22:09
  take a look at alternatives, take a look at altcoins, take a
• 22:13
  look at, you know, more speculative.
• 22:17
  That's so to speak, to have no fundamentals.
• 22:20
  And you know, they're trying to shake you out of your Bitcoin.
• 22:24
  That's that's what they're doing.
• 22:25
  That's what they're doing. I think that they've been
• 22:28
  successful at it with with some people.
• 22:32
  But you know, our message here at simply has not changed,
• 22:35
  right? You know, hold the line, hold
• 22:38
  the line, hold the line. Remember why you're here.
• 22:41
  You might feel this way. That's OK that that's fine,
• 22:45
  right? But you know, October is, is
• 22:48
  right around the corner and if October doesn't work out, that
• 22:52
  1000 yard stair is going to become a 10,000 yard stair.
• 22:55
  It's over for me, but eventually.
• 22:59
  No, but Niko, I think what like look, I I'm not a fan of oil
• 23:02
  Panda. I, I kind of consider him
• 23:04
  consider him a shit coiner and it does sound like he is very
• 23:09
  pessimistic about Bitcoin in general, which is why I call him
• 23:13
  a shit corner. But he does make a really good
• 23:15
  point. And I think This is why it's,
• 23:17
  it's so demoralizing right now and, and by the viewers right
• 23:20
  now, the live viewers right now, I think everyone's feeling the
• 23:23
  same thing, which is I think the signal that we are kind of
• 23:27
  getting pushed down and, and it is wearing us out.
• 23:30
  This is usually how you feel before things start getting, you
• 23:33
  know, really frothy. But what well, Panda pointed
• 23:36
  out, if you are looking at other traditional market is, is kind
• 23:40
  of the part where you're like, what is going on?
• 23:42
  Like gold's hitting all time highs today, the S&P 500's
• 23:45
  hitting all time highs and Bitcoin is dumping and you're
• 23:48
  like, what in the world is going on?
• 23:50
  I thought all the assets were gonna go up together.
• 23:53
  So guys, maybe again, I'm, I was right on my rate cuts kind of
• 23:58
  thesis here. I was just, you know, 2-3 days
• 24:00
  late on it. But hey, I guess I'm still the
• 24:04
  macro guy here. Nico, 'cause I, I fully kind of
• 24:07
  called this. Maybe I went a little too low,
• 24:09
  but this is what's going crazy. Like the markets, other assets
• 24:13
  are going green while bitcoin's dumping right now and everyone's
• 24:16
  like, what is going on? This is just not making, which I
• 24:20
  think is why we're all feeling the same thing.
• 24:24
  And it's got to RIP. I'm telling you like someone in
• 24:26
  the chat knocks Bill. By the way, shout out to the
• 24:29
  Asian market. Shout out to the chat over 1000
• 24:31
  live viewers on X600, 165 live viewers on YouTube and about 100
• 24:36
  live viewers on Rumble. If you guys are enjoying simply
• 24:38
  Bitcoin live the most watched daily Bitcoin live show on
• 24:41
  planet earth, smash that like button.
• 24:44
  It is Monday. We got to start Monday strong
• 24:47
  man, we got it. We got to give the people what
• 24:49
  they want anyways, Knoxville asked a very important question.
• 24:53
  Who sells at 2:00 AM Monday morning?
• 24:57
  There you go, there's the answer to your question.
• 24:59
  You could say Asian markets. Who do you think sells at 2:00
• 25:02
  AM on Monday morning? Man, who do you think sells at
• 25:05
  2:00 AM on Monday morning? And to 'cause this much downward
• 25:09
  cell pressure, I think it's I think it's very obvious to be
• 25:15
  set. Have very, very positive,
• 25:16
  optimistic comment. Says we stick through this hard
• 25:19
  time together. Valhalla awaits.
• 25:22
  Seems like we got a Ruston viewer in the chat and we got
• 25:28
  Ryan, Boylan said. Appreciate you guys.
• 25:31
  Always subscribe, like and share.
• 25:34
  Let's all learn together. We got Daniel.
• 25:38
  I know, Anika, at this point, we're just emotional support for
• 25:40
  you guys. We're just, we're just here
• 25:42
  hanging out with you guys. We're like Bitcoin anonymous at
• 25:46
  this point. We're just here.
• 25:47
  We're just here holding. Our hands through this.
• 25:50
  We always been emotional. Oh man.
• 25:55
  So anyways, Doctor Dan Howell makes a makes a joke.
• 25:59
  Peter Schiff is selling his corn to suppress the price.
• 26:04
  And yeah, Ryan Bolen says Japan's trading hours, I believe
• 26:11
  Robbie says China, JCZ says who sells at 2:00 AM?
• 26:17
  Some poor dude who spent a few days agonizing and simply
• 26:22
  decided to sell. That's it.
• 26:23
  There's no conspiracy and yeah, yeah.
• 26:29
  So anyway, hey, the the real the real silver lining here is you
• 26:34
  just got cheaper Sad. So hopefully you have some feel.
• 26:36
  I think This is why I feel so bad.
• 26:38
  I'm just absolutely broke. I've been buying all the dips
• 26:41
  and tops and I'm like it's. Got to go soon.
• 26:43
  Just have no more money. Anyways, guys, it's going to be
• 26:46
  a fantastic show. It's the Monday show, guys.
• 26:49
  It's the Monday show. It's one of my favorite shows.
• 26:52
  It gets the week going. Opti and I, you know, we wait,
• 26:55
  wait, wait. Wait, Ryan goes.
• 26:57
  You sure we're not emotional support for you guys?
• 27:00
  I think it goes both ways. I think it definitely goes both
• 27:03
  ways. It for sure goes both ways.
• 27:05
  But anyways, guys, it's the Monday show.
• 27:08
  It's one of my favorite shows of the week.
• 27:10
  It gets the week going. It kind of sets the tune for the
• 27:14
  rest of the week. And again, in the beginning of
• 27:17
  simply Bitcoin, I always remembered on Monday.
• 27:20
  So I'd always get scared. I'd always be like, dude, like
• 27:23
  what if no one shows up? What if no one shows up?
• 27:25
  Remember that feeling in the early days?
• 27:28
  In the early days, me and Opti were doing this and we're.
• 27:31
  Doing well, it was also like, what if we blow it up on Friday?
• 27:34
  And no one comes on Monday. And then, and then, you know, we
• 27:37
  do it for like 20 live viewers and then we'd be like, dude, is
• 27:40
  anyone going to show up on Monday?
• 27:41
  Then people would show up. So you know it, it's always the
• 27:46
  Monday show. It's always held a very special
• 27:48
  place in my heart because again, seeing you guys show up, support
• 27:52
  us, you know, come on this journey with us, this huddling
• 27:56
  journey really means the world to us.
• 27:59
  And of course, we wouldn't be here without all you guys.
• 28:01
  Guys, today is going to be a fantastic show, a fabulous show.
• 28:05
  We have tons to talk about. We have Senator Lummus again
• 28:09
  putting put putting pressure in the paint the Bitcoin senator
• 28:14
  and again she says that the President Trump supports her
• 28:17
  bill to buy 1,000,000 Bitcoin for a strategic reserve and
• 28:23
  Strive buys Bitcoin hoarder Selmer Scientific interesting
• 28:29
  interesting consolidation in the Bitcoin treasury companies.
• 28:33
  So we're going to have, we're going to have an update for you
• 28:36
  guys there. It's going to be a great show,
• 28:38
  guys. We still have tons to cover.
• 28:40
  You guys are going to want to stay tuned.
• 28:42
  And we got Brian Armstrong, CEO of the world's largest exchange,
• 28:47
  Coinbase, basically calling for $1 million Bitcoin.
• 28:53
  You know what things are bad when the, when the exchange CEOs
• 28:58
  are calling for $1 million Bitcoin.
• 29:01
  Anyways, guys, it's going to be a fantastic, fantastic day.
• 29:04
  OK, happy to be back and let's get the show rolling.
• 29:09
  Let's get the show rolling, but one more time, one more time,
• 29:11
  guys, hold in there, hold in there.
• 29:13
  You're going to go from here and you're going to get to here
• 29:17
  very, very soon, hopefully in Q4.
• 29:20
  I don't know, not financial advice.
• 29:22
  Opti, you want to pull that up actually because I think that
• 29:25
  that kind of backs. Up.
• 29:26
  I was just looking this behind the scenes.
• 29:29
  It's not as bad as it as it really looks to be honest.
• 29:32
  You know, 4% September, it's kind of like right in line with
• 29:36
  what we've seen in the past, but we were at like 8% last.
• 29:41
  Week so it just all our games. Got chopped in half in one day,
• 29:46
  which is absolutely nuts. But see, I don't remember the Q3
• 29:50
  numbers here, but you know, there's still some hope left in
• 29:54
  US. It's Q4 that matters.
• 29:55
  Q4 is where the fun happens. Anyways, Niko, you wanna?
• 29:59
  Absolutely, Yeah. I mean, there's two there's. 2
• 30:02
  chart. Let me zoom in here there's. 2
• 30:04
  chart. There's the quarterly.
• 30:05
  Returns. Monthly is like it doesn't look
• 30:08
  as bullish on the monthly but the quarterly 1 is the most
• 30:11
  bullish. The quarter.
• 30:12
  The quarterly one, like look at that like you know, I, I.
• 30:15
  Showed Nico this on Thursday and he was like Nah no it does it
• 30:20
  like here. Here's the numbers.
• 30:21
  Bro listen dude, like I, I have, I have PTSD bro, I I don't know
• 30:26
  what to tell you. I have, I have PT.
• 30:28
  I'm trying to go from that to this OK that's what I'm trying
• 30:31
  to do I'm trying I'm trying to I'm trying to be there so 9 days
• 30:34
  till October. Someone just dropped it in the
• 30:37
  chat. Anyways guys, if you guys are
• 30:39
  enjoying the show so far, make sure to smash that like button.
• 30:43
  Consider subscribing if you feel like we're providing you value
• 30:46
  again, it's going. To be subscribe if we're
• 30:49
  providing you emotional support during these trying times of a
• 30:52
  3% dump. That, that is value, that is
• 30:56
  value, that is value. Anyways guys, before we jump
• 30:58
  into today's show, I do want to give a very special shout out to
• 31:03
  Simply Bitcoin's lead sponsor. Simply Bitcoin would not be on
• 31:07
  air, wouldn't be possible without first of all, without
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  you guys, and it wouldn't be possible without our sponsors.
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  You have to check out Bitcoin Well Infinite to get started, go
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  to bitcoinwell.com/OTC today. Anyways, guys, like I said, it's
• 32:23
  going to be a fantastic show. You're going to want to stay
• 32:25
  tuned. We have tons to cover and it's
• 32:28
  Monday, baby. Let's get straight into the
• 32:29
  show. I want to give a shout out to
• 32:38
  our partner Stamp seed. Is your Bitcoin and cold storage
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  and use promo code simply to get 15% off anything on the Stamp
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  se-ed.com store. Alright everybody, we are back
• 33:53
  at the time of recording the Bitcoin price.
• 33:55
  Stop the show right now, press pause.
• 33:58
  Press pause. If you're watching us live on
• 34:00
  YouTube, rumble or X press pause right now on the show.
• 34:04
  Go to bitcoinwell.com right now. Smash that buy button, smash
• 34:10
  that buy button. You want to smash that buy
• 34:12
  button, so you want to buy Bitcoin right now.
• 34:16
  It's at a nice discount. At the time of recording the
• 34:18
  Bitcoin price is 112,003 $160 sats per dollar 890 block height
• 34:25
  915,914 Realize monetary inflation .85% market cap 2.24
• 34:33
  trillion Bitcoin versus gold market cap.
• 34:36
  Still a long ways to go baby for Bitcoin to catch the market cap
• 34:41
  of gold. That's like a more than a 10X
• 34:43
  that's a 10 bagger 10 bagger. What's a 10X times 112,000?
• 34:49
  That's more than a that's, that's more than a $1,000,000
• 34:52
  bro, that's a lot. That's a lot.
• 34:54
  Bom Bing bom boom percentage issued 94.87%.
• 35:00
  All right everybody, I have a special clip for you guys.
• 35:02
  I have Brian Armstrong talking about $1,000,000 Bitcoin once
• 35:06
  again on Legacy Financial Media. There's a couple of big
• 35:10
  tailwinds now, which lead me to think that there's a good chance
• 35:13
  Bitcoin could be at $1,000,000 per coin, you know, by 20-30 or
• 35:17
  so. And that's the relationship
• 35:18
  between interest rates and stocks.
• 35:21
  You know, it's, it's can always be complex.
• 35:23
  Like for a long time people thought these things were, they
• 35:26
  were positively correlated. And now I think over time,
• 35:29
  people are starting to think of Bitcoin almost like like gold or
• 35:33
  something. It's, it's something people
• 35:34
  might flee to in times of uncertainty.
• 35:37
  So it's somewhere it's a hybrid between those two things.
• 35:39
  But I, I try not to get too caught up in the short term
• 35:41
  trends that, that what I try to do is look at the long term
• 35:43
  trends. And there's a couple of big
• 35:45
  tailwinds now, which lead me to think that there's a good chance
• 35:48
  Bitcoin could be at $1,000,000 per coin, you know, by 20-30 or
• 35:52
  so. And that's partly it's the
• 35:54
  regulatory clarity that's emerging.
• 35:55
  I mentioned the Genius Act, and now with market structure
• 35:58
  legislation hopefully getting close, that could be a major
• 36:01
  moment. We also saw the United States of
• 36:04
  America now has a strategic Bitcoin reserve.
• 36:06
  So if the United States government is going to begin
• 36:08
  holding Bitcoin, I think that's going to be a massive driver of
• 36:11
  demand and the rest of the G20 countries will probably follow
• 36:15
  suit. And then the last thing I'd say
• 36:17
  is that we saw that recently the launch of the Bitcoin ETFs by a
• 36:21
  number of different firms and Coinbase is actually powering
• 36:24
  80% of the the custody for those that are out there.
• 36:27
  But we're seeing a ton of institutional money continue to
• 36:29
  flow into Bitcoin now that these ETFs are live.
• 36:32
  So there's a lot of positive tailwinds for for Bitcoin.
• 36:35
  And I think that there's never going to be more than 21 million
• 36:37
  Bitcoin ever made in the world and lots of pools of capital
• 36:40
  still haven't gotten access to it.
• 36:42
  So that tells me this thing has a long way to run.
• 36:45
  So I want to focus on a specific part where he was talking about
• 36:48
  how the United States is looking at a strategic Bitcoin reserve.
• 36:53
  Well, let's take a look at the detail.
• 36:55
  Let's take a look at some of the latest updates regarding that
• 36:59
  strategic Bitcoin reserve. Here is Senator Cynthia Lummis
• 37:04
  on the Senate floor, and she said something very interesting.
• 37:08
  Let's take a look. I'm particularly pleased with
• 37:12
  President Trump's support of my strategic Bitcoin Reserve
• 37:17
  initiative, which will address our national debt while securing
• 37:21
  America's position as the global leader in financial innovation.
• 37:28
  As Bitcoin comes into more usage, its use makes the whole
• 37:33
  system more secure, more robust, and more capable of serving our
• 37:39
  needs all over the world. We should be the global leader
• 37:43
  with this fantastic new Ledger based asset that is in a digital
• 37:50
  format that is going to be transformative of everyday
• 37:55
  economy and puts the everyday American, in fact the everyday
• 37:58
  worker all over the world in control of their own money.
• 38:04
  What a wonderful blessing for hard working people all over the
• 38:08
  world to have this great new technology and to have America
• 38:13
  lead the way in implementing this wonderful, wonderful
• 38:17
  innovation. Boom, you have the Bitcoin
• 38:20
  senator saying the quiet part out loud.
• 38:22
  I want you guys to focus on the very beginning part of that
• 38:26
  video where she says the executive branch, the Trump
• 38:31
  administration, specifically President Donald J Trump backing
• 38:37
  the Bitcoin bill, saying, listen, I want the United States
• 38:42
  of America to own 1,000,000 Bitcoin.
• 38:44
  And the way he does things with his hand gestures and stuff, you
• 38:48
  know, that's, that's absolutely massive.
• 38:49
  Like, think about how far we've come from a year ago where Opti
• 38:54
  and I were seriously considering moving to El Salvador because of
• 38:58
  the hostile regulatory environment.
• 39:01
  Members of our industry were getting arrested left and right.
• 39:05
  Arthur Hayes, CZ, right. And you can say they were
• 39:09
  political arrest. You could say that Signature
• 39:11
  Bank was specifically targeted and taken out on purpose because
• 39:17
  it was doing business with the Bitcoin and crypto industry,
• 39:23
  right? A whole lot has changed.
• 39:26
  Elections have consequences. As we are heading into the
• 39:29
  midterms next year, November of 2026, simply Bitcoin will be
• 39:34
  covering that and we will be specifically highlighting who
• 39:39
  are the pro Bitcoin candidates and who are the pro CBDC
• 39:45
  candidates. And again, it's Bitcoin over
• 39:47
  party. We're going to be highlighting
• 39:49
  that we're going to be paying very, very close attention
• 39:52
  because as you can see, elections have consequences.
• 39:55
  Elections have consequences specifically at where we are in
• 39:59
  the movie during the transition, during this transitionary
• 40:03
  period. We are, I truly believe we are
• 40:05
  living through the separation of money and state.
• 40:08
  But. During this transitionary
• 40:10
  period, Fiat elections still have consequences, so it's
• 40:15
  important that you back pro Bitcoin, anti CBDC candidates.
• 40:20
  Anyways, Opti, I'm going to pass it on to you.
• 40:23
  Someone was calling Brian Armstrong Lex Luthor.
• 40:27
  What do you think? They were saying worse things,
• 40:29
  but. What do you think about this $1
• 40:32
  million prediction? And again, Senator Lummus is
• 40:36
  backing up his claim that the administration does have the
• 40:41
  intent. I don't know if they have the
• 40:42
  political capital, but they do have the intention of of of
• 40:47
  wanting to acquire more Bitcoin opti.
• 40:51
  Yeah, I mean, look, I also believe Bitcoin's going to
• 40:55
  $1,000,000 around 20-30. I I totally think that is what's
• 41:00
  going to happen. I think the more interesting
• 41:02
  stuff is that we're hearing more people say this on the national
• 41:06
  news. It's like it.
• 41:07
  It's it's the normal thing to be saying.
• 41:09
  This has been normalized now. And when you say that people
• 41:12
  aren't thinking you're a crazy person, they're like, yeah,
• 41:15
  actually it makes perfect sense. You know, as as Brian Armstrong
• 41:19
  was saying, all the different factors that are that are kind
• 41:21
  of leading towards that direction are becoming very
• 41:25
  obvious that this isn't going to 0.
• 41:28
  Like this is this is as Sailor always says, you know, this is
• 41:31
  either going to be worth a lot of money, it's going to be worth
• 41:32
  nothing. And I think Bitcoiners have been
• 41:35
  saying this forever. And now it's becoming very, very
• 41:39
  obvious to most people, even if they just have a very, like,
• 41:42
  rudimentary understanding of what Bitcoin is, is that this
• 41:45
  thing's going to be worth a lot. Now, Do we agree on timelines?
• 41:48
  Do we agree on what the price is going to be in 5-10 years?
• 41:52
  No one really does. No one has any clue of what it's
• 41:54
  going to do. But in the face of everything
• 41:57
  going on, it's becoming more of the norm to believe it's going
• 42:01
  to these crazy numbers. And so, yeah, it's, I think it's
• 42:04
  like a very safe bet, to be honest.
• 42:06
  The other thing on the US actually stacking some coin, I
• 42:12
  think a lot of Bitcoiners, including myself, I don't fully
• 42:16
  understand how politics works and they don't understand how
• 42:19
  slowly politics actually works. And so the lag from the
• 42:24
  announcement of the strategic Bitcoin Reserve to now we're
• 42:27
  like, man, how like could you guys stack some already?
• 42:30
  Like I'm, I'm sick and tired of hearing this every single other
• 42:33
  day that this is going to happen.
• 42:35
  And it does seem like like a lot of rhetoric going on.
• 42:38
  Let's go forward to 40K in November, of course.
• 42:42
  But you need to remember, like, the machine moves very slowly.
• 42:47
  And if this isn't just a lot of a lot of fluff, you know,
• 42:51
  rhetoric here and it's actually directionally correct, I think
• 42:55
  it's a very good sign. And I know there's a lot of
• 42:57
  rumors of some big announcement coming tomorrow.
• 42:59
  I don't think it's about the strategic Bitcoin Reserve, but I
• 43:03
  think what we are seeing from Senator Lummis and we've heard
• 43:05
  Donald Trump or at least Donald Trump be quoted as saying he's
• 43:09
  backing the Bitcoin Act. We've heard a lot of politicians
• 43:12
  say that this is a a priority here.
• 43:15
  I think at this point they have to follow through on this that
• 43:18
  like if for them to do that big of a rug pull where they're
• 43:21
  telling the whole world, oh, we're going to stack and then we
• 43:23
  don't stack, I think that's probably more of a politically
• 43:28
  bad thing. I.
• 43:29
  Just don't think they have the votes.
• 43:31
  Like I I think that could be. It I think that's what it comes.
• 43:33
  Down to that could be it. Now I think the more interesting
• 43:36
  part of that clip to me, Nico and we looked at each other off
• 43:39
  screen was when Bryan Armstrong was like, yeah, the the Bitcoin
• 43:44
  ETFs that we hold 80% of the the custody of and you're just like,
• 43:48
  that was bad. Oh man, you know, I know this
• 43:52
  clip was supposed to be bullish, but yeah, that doesn't make me
• 43:56
  feel that good. To be honest, it's 80%.
• 43:59
  Held under Coinbase, you're like, yeah, there's still a lot
• 44:04
  of work to be done here. That was bad, man.
• 44:07
  That was yeah. You want people, you want
• 44:09
  individuals taking Bitcoin into self custody.
• 44:14
  And that's how we win. That's how we win.
• 44:16
  You want individuals reclaiming back their financial sovereignty
• 44:21
  by taking Bitcoin into self custody.
• 44:23
  Anyways, guys, it's going to be a fantastic show.
• 44:27
  We still have a lot to cover. Big breaking news happened this
• 44:32
  morning. I believe the article broke
• 44:35
  strive buys Selmer Scientific. You know, this is one of the
• 44:41
  largest Bitcoin treasury companies.
• 44:43
  So it seems like there's a bit of a, of a, of a consolidation
• 44:48
  phase, which I find quite interesting.
• 44:52
  And we're going to be talking about just that.
• 44:55
  So you guys are going to want to stay tuned tons to cover and
• 44:59
  we're going to be right back and adjust a bit.
• 45:02
  Let's check out the news section.
• 45:04
  Ladies and gentlemen, I want to give a shout out to our partner
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  15% off anything on the store. All right, everybody, we are
• 46:59
  back. So let's do a quick kind of
• 47:01
  update on the Bitcoin treasuries.
• 47:04
  You know, Bitcoin treasuries are are a big part of this specific
• 47:08
  cycle. Michael Saylor in the vanguard
• 47:12
  of that really leading the really, really leading the
• 47:15
  charge from Bitcoin 2021 saying that his company was going to
• 47:20
  buy Bitcoin to paying his dues in the 2022 bear market to him
• 47:27
  being absolutely vindicated and just his company.
• 47:33
  I think percentage return wise, I think it did like a 23 X the
• 47:38
  stock. It was just a a ridiculous
• 47:41
  return. So Michael Saylor vindicated and
• 47:44
  then once he was vindicated, you saw a lot of other companies
• 47:47
  really see, OK, you know, we can we can follow that Bitcoin
• 47:52
  treasury strategy as well. It's literally in the name
• 47:57
  strategy, right? We can really follow that
• 48:00
  Bitcoin treasury strategy. And there's been a lot of other
• 48:03
  companies that have popped up and they're following in Michael
• 48:07
  Saylor's footsteps. But it seems like there's been a
• 48:10
  little bit of a consolidation. And then also as well, what a
• 48:14
  lot of people are not talking about enough is a lot of these
• 48:21
  companies, I don't want to name any specific ones, but they've
• 48:27
  lost like 80 to 90% of their value, which is that that's
• 48:34
  hardcore. That is, that is really
• 48:36
  hardcore. I don't want to name any
• 48:38
  specific ones cause. And a lot of these people are
• 48:40
  my. Friends, we love them.
• 48:41
  We love them. A lot of these people are my
• 48:43
  friends, but let's just say if you're a stockholder, you you've
• 48:48
  you've had it rough a little bit, you've had it rough a
• 48:50
  little bit. So I just want to go through the
• 48:53
  top ten. Of course we have strategy
• 48:56
  Holding 639,000 Bitcoin Mara 52,021 Jack Mahler SoftBank and
• 49:04
  Tethers Company 43,500, the Bitcoin standard Treasury
• 49:10
  company 30,000 Bitcoin metaplanet has taking has taken
• 49:15
  5th place with 25,555 Bitcoin bullish holding 24,300 Riot
• 49:24
  holding 19,300 President Trump's Trump Media and Technology Group
• 49:31
  holding 15,000. It's so surreal that the
• 49:35
  president has one of the largest treasury companies.
• 49:38
  You think Bitcoin ain't going to pump bro Cleanspark 12,700,
• 49:43
  Bitcoin Coinbase 11,776, Tesla holding 11,509 and the list goes
• 49:53
  on. What I do wanted to focus on is
• 49:55
  Selmer Scientific and Strive have merged ladies and
• 50:01
  gentlemen, so Strive has acquired Selmler Scientific and
• 50:07
  I have the breaking news for you guys.
• 50:10
  Strive buys Bitcoin hoarder Selmer as treasury wave shows
• 50:16
  cracks Strive Co founder Co, founded by former U.S.
• 50:21
  presidential candidate Vivek Ramaswamy, agreed to acquire
• 50:25
  Semler Scientific and then all stock deal, marking a new stage
• 50:31
  of consolidation among Bitcoin accumulators.
• 50:34
  The transaction value seller at $990.00 point $552 a share, a
• 50:41
  210% premium to its Fry's Friday closing price of $29.00 per
• 50:47
  share. The combined company will hold
• 50:50
  nearly 11,000 Bitcoin, according to a statement Monday.
• 50:55
  Digital asset treasury companies have sprung up around the world
• 50:58
  in recent months as cryptocurrency prizes rose.
• 51:02
  Adopting the balance sheet strategy pioneered by Michael
• 51:06
  Saylor, Strategy strives deal for Selmer appears to be among
• 51:11
  the first between publicly traded crypto hoarders.
• 51:15
  My prediction is that this is going to happen again.
• 51:18
  We're going to see more of a consolidation amongst the big
• 51:22
  treasury companies. It comes a week after Strive
• 51:26
  turned itself into a Bitcoin proxy.
• 51:29
  Strive's merger agreement to acquire Selmer Scientific just
• 51:34
  one week after becoming a public company shows a level of speed
• 51:38
  and execution not seen before in the Bitcoin treasury space, said
• 51:43
  Matt Cole, Strives chairman and chief executive officer.
• 51:47
  Believe I had the pleasure of being able to interview him on
• 51:49
  the floor of Bitcoin 2025. Cracks in the crypto treasury
• 51:55
  model have started to appear. Shares of firms like Japan's
• 51:59
  Metaplanet Inc have slumped as the market become became
• 52:03
  inundated with new accumulators testing some companies ability
• 52:08
  to fund token purchases on attractive terms.
• 52:11
  Strives shares dropped as much as 8.1% in early trading in New
• 52:17
  York on Monday, while Sembler stock jumped as much as 24%
• 52:22
  before giving up most gains. Billionaire backers Strive said
• 52:26
  it has plans for monetizing or separating selves diagnostic
• 52:31
  unit at a later date. The Dallas based firm, which
• 52:34
  went public this month via reverse merger with digital
• 52:38
  marketing company Assets Entities Inc, has described its
• 52:42
  goal as building a durable Bitcoin war chest.
• 52:46
  Prior to a Bitcoin hoarding announcement, Strive had become
• 52:49
  known for its asset management Strat of business.
• 52:53
  It runs a number of ETFs including the $1 billion Strive
• 52:59
  500 ETF ticker, which is focus on the largest U.S. stocks.
• 53:03
  The company launched in 2022 with with backing from
• 53:08
  billionaire investors, including one of Opti's favorite, Peter
• 53:11
  Thiel and Bill Ackman, as an antithesis to investment giant
• 53:16
  clients such as BlackRock Inc Ramaswamy resigned as executive
• 53:20
  chairman in 2023, according to the firm's website.
• 53:24
  Sembler, a medical device maker, last year became one of the
• 53:28
  first to adopt Bitcoin as its primary treasury reserve asset
• 53:33
  and looking for potential use of cash.
• 53:35
  Its board and senior management decided acquiring the digital
• 53:39
  asset was the best use of its of its excess cash, the company
• 53:44
  said at the time. Semler in August reported a 43%
• 53:48
  year over year drop in second quarter revenue.
• 53:52
  Its shares had fallen 46% this year through Friday.
• 53:56
  The race to emulate sailors crypto hoarding method has
• 54:00
  gathered pace this year, with companies being created at
• 54:03
  dizzying pace to accumulate Bitcoin and smaller tokens.
• 54:08
  Many of the new entrants are smaller firms that seemingly
• 54:12
  rebranded overnight. So lots to unpack.
• 54:15
  Your great article by Bloomberg, by the way, but lots to unpack
• 54:18
  here. So first of all, I, I kind of,
• 54:21
  I'm starting to pick up a pattern.
• 54:24
  Pattern number one is it seems like all the Bitcoin treasury
• 54:28
  companies, like they were like companies that were like they,
• 54:36
  they just weren't doing so hot. They just weren't in the they
• 54:39
  weren't, they weren't in the big seven.
• 54:41
  They weren't in the Big 7. Sailor's company.
• 54:45
  It fits into this category as well.
• 54:47
  Strategy. MicroStrategy wasn't doing so
• 54:50
  hot for like 20 years. He's had, he said it on many
• 54:53
  podcasts. He's like, I, I've, I tried
• 54:56
  everything I could to, you know, compete with Microsoft and I
• 55:00
  literally couldn't. And it wasn't until I found
• 55:03
  Bitcoin that I was able to compete, right?
• 55:08
  So it seems like a lot of these companies that, you know, their
• 55:11
  stocks have been going sideways essentially for for for a while.
• 55:16
  It seems like they're looking at these Bitcoin treasury
• 55:20
  companies. Excuse me, It looks like they're
• 55:23
  looking at these Bitcoin treasury company strategies.
• 55:27
  And they're like, listen, this is a great way to make my stock
• 55:30
  go up. And it seems like a lot of them
• 55:32
  have been successful. Now I think the question on
• 55:35
  everybody's mind is, is this a, is this a long term strategy?
• 55:44
  Is is this strategy viable long term?
• 55:48
  I think that's the question on everybody's mind.
• 55:51
  Now, do I think strategy is going to go away?
• 55:55
  No, I don't think so. They have way too much Bitcoin
• 55:59
  like that, like the second place doesn't even come close.
• 56:02
  Second place, I think it has like 52,000, right?
• 56:05
  So strategy and I think Sailor's going to reach a million
• 56:08
  Bitcoin, by the way, I'm calling it right now.
• 56:10
  I think he's going to reach a million Bitcoin.
• 56:13
  And I think that with that much Bitcoin, you, you essentially
• 56:18
  become like this, like de facto Bitcoin bank, right?
• 56:21
  Like that's what I see happening, but the smaller ones,
• 56:25
  that's a different conversation all together.
• 56:27
  Now every cycle there is like this buzz.
• 56:31
  There is like this thing that outperforms Bitcoin that
• 56:34
  everyone wants to buy. So in 2017, it was the ICO boom.
• 56:39
  Everyone remembers that. If you were there in that era,
• 56:41
  there's IC OS let launching left and right.
• 56:44
  Then there was the layer one altcoin boom in 2021.
• 56:50
  So like Ethereum and link and all those doge, they, they just
• 56:57
  exploded. And then of course, you know,
• 57:01
  they went back down. But you know, every cycle there
• 57:05
  is this thing that outperforms Bitcoin in the short term.
• 57:08
  And that's what a lot of investors want to jump on.
• 57:12
  And what I'm seeing this cycle is I'm seeing that the Bitcoin
• 57:17
  treasury companies seem like a way for potential investors to
• 57:22
  outperform Bitcoin. Now, I think the big difference
• 57:25
  between the ICO boom and the 2021 layer one boom is that at
• 57:32
  least these companies are actually backed by Bitcoin,
• 57:36
  right? It they aren't vaporware like
• 57:39
  the ICO boom. It was pure vaporware like you
• 57:43
  like it was literally vaporware, right, the 2021 boom like doge,
• 57:50
  you know, like what is doge? What is doge?
• 57:54
  I mean, I know Elon likes it. I know Tesla accepts of his
• 57:57
  payment, right, but like, you know, is it the most is it
• 58:04
  backed by the most decentralized computing network on the face of
• 58:08
  the planet and the most decentralized node network on
• 58:12
  the face of the planet? Does it have, you know, absolute
• 58:16
  scarcity? You know, is it completely
• 58:19
  immutable? Is it censorship resistant?
• 58:21
  No. So it's like an inferior version
• 58:24
  of Bitcoin, but I guess it's a funny dog, right?
• 58:28
  So. It's a cute dog.
• 58:30
  It is a cute dog. Yeah, it's a cute dog.
• 58:32
  It's a cute dog. So, so like, yeah, I mean, at
• 58:38
  least the Bitcoin treasury companies are like backed by
• 58:41
  Bitcoin, right? They're like actually backed by
• 58:43
  something, right? So I think that that makes it
• 58:46
  different. But anyways, the big breaking
• 58:48
  news for today is Strive acquires Selmer Scientific.
• 58:54
  And if you add their Bitcoin holdings together, that puts
• 58:59
  them in the top 20, I think right under Tesla or right under
• 59:05
  Coinbase in terms of the largest Bitcoin treasury companies.
• 59:10
  So, you know, shout out to shout out to strive and shout out to
• 59:15
  similar scientific. It seems like it was a a win win
• 59:19
  deal for all. And let's see if these treasury
• 59:23
  companies start performing again because I think I think a lot of
• 59:29
  them have been, a lot of them have been not doing so hot
• 59:37
  recently. Maybe we could pull up some
• 59:40
  charts just to kind of show everybody.
• 59:43
  Oh, of of these stocks, OK, All right.
• 59:46
  Oh yeah, I could do that. So we can just kind of just show
• 59:50
  wait, wait, wait, wait. But you didn't want to name
• 59:54
  them, and now we're just. Going to show their charts.
• 1:00:00
  That's true. Yeah, let's not do that.
• 1:00:02
  Let's. Not put anyone on blast.
• 1:00:04
  You know who we're talking about.
• 1:00:05
  You know who we're talking. About let's just say some of
• 1:00:07
  these treasury companies haven't done so hot.
• 1:00:10
  Literally none of them are doing hot right now, but I don't think
• 1:00:13
  that's long term. Strategy is holding the line it.
• 1:00:17
  Dude, it's kind of dumped. It's kind of not a bullish
• 1:00:20
  chart, but it is holding up better than the others.
• 1:00:26
  Everybody. Yeah.
• 1:00:27
  Wait, wait, wait, wait, wait, wait.
• 1:00:28
  I I I want to hit on a few things here.
• 1:00:30
  First of all, the Bloomberg article kind of told me
• 1:00:34
  something that I didn't know, which was that Vivek Ramaswami's
• 1:00:38
  not a part of Strive anymore. I was still under the impression
• 1:00:40
  he is. And maybe the move when he left,
• 1:00:45
  I don't know. You guys could Fact Check this
• 1:00:47
  and time this. It could be around when he was
• 1:00:51
  announcing his run for Ohio. Ohio was it Governor?
• 1:00:56
  Yeah, I think Governor, it could be earlier.
• 1:00:59
  So maybe that was just kind of some marketing here, but who
• 1:01:04
  knows. But shouts out to Matt Cole.
• 1:01:06
  He's been doing a great job. I I actually really like him.
• 1:01:08
  He's, he's a smart dude. My first take on the Strive
• 1:01:14
  stuff is 1. They didn't just acquire Semler.
• 1:01:17
  They also bought like $750 million of Bitcoin at the same
• 1:01:21
  time. So like they're making moves.
• 1:01:23
  And you can see that they are not only taking the strategy
• 1:01:28
  strategy very seriously, but they are also doing things that
• 1:01:32
  strategy isn't doing that Michael Saylor isn't doing.
• 1:01:34
  And I think this goes into the larger trend of what we're
• 1:01:37
  seeing that, you know, sailors products are being kind of
• 1:01:41
  designed in a specific way to capture, you know, zombie
• 1:01:46
  markets here or capital that can't really get into Bitcoin.
• 1:01:49
  And it looks like what Strive is doing is maybe like
• 1:01:54
  consolidating a lot of these Bitcoin treasury companies.
• 1:01:56
  I know their their whole game plan was essentially to fund
• 1:02:01
  like their, their index fund was going to be of treasury Bitcoin
• 1:02:04
  companies. It is interesting that they're
• 1:02:06
  acquiring Bitcoin treasury companies and it does make you
• 1:02:09
  think that a lot of these companies are probably going to
• 1:02:13
  all fall under one umbrella potentially in the near future.
• 1:02:18
  The other point, wait, I just blanked on what my other .0
• 1:02:21
  yeah, my my next point is even though this sound very bullish,
• 1:02:26
  this might not be that bullish in the sense if these Bitcoin
• 1:02:31
  treasury companies are already being consolidated, it is kind
• 1:02:35
  of going down the like ICO hype cycle here it was it's kind of
• 1:02:39
  like a pump and dump. But I'm I'm not I'm not here to
• 1:02:42
  accuse people of that. I'm I'm I'm just saying that's
• 1:02:44
  kind of what it feels like in in this story, in this story, OK.
• 1:02:49
  In in this story OK. But like to the the you know
• 1:02:57
  which ones are gonna win. Obviously I think strategy like
• 1:03:00
  no one's gonna catch up this to what Sailor did I I don't think
• 1:03:03
  at this point anyone can catch up to what sailor's doing.
• 1:03:06
  It's. Impossible.
• 1:03:07
  Bro Yeah, yeah, it's totally impossible. 650,000 Bitcoin
• 1:03:11
  number 2 has 50,000 bro no way it's not gonna happen.
• 1:03:14
  No way. So like if you are in the, you
• 1:03:17
  know, tradify markets, there's really only one stock to be
• 1:03:20
  buying a niche strategy. I didn't.
• 1:03:23
  I didn't say that. I didn't say that, but I think,
• 1:03:26
  I think I, I love the Bitcoin treasury companies.
• 1:03:29
  Hey, I love them, I love them I love all my friends that are
• 1:03:32
  doing them I. I think they've done, I think
• 1:03:36
  they're, it's great. It's getting exposure to Wall
• 1:03:38
  Street. You know, they all have their
• 1:03:40
  pros and cons, but clearly, you know, obviously sailors strategy
• 1:03:44
  is just, you know it, it's just complete.
• 1:03:47
  You know, we do. I didn't.
• 1:03:54
  I didn't know we had one. I am a Bitcoin strategy company.
• 1:03:59
  Anyways, all right, guys, it's going to be a fantastic show.
• 1:04:04
  We still got the culture lined up for you guys.
• 1:04:06
  Opti's got something special up up his sleeve, so we're going to
• 1:04:10
  be right back in just a bit. I want to give a shout out to
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  our partner, Hive Digital Technology.
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  freedom. All right, guys.
• 1:06:16
  Well, I'm going to end the show on a little bit of bullish stuff
• 1:06:19
  here. I'm I'm finally getting bullish
• 1:06:21
  here, even though that's not a day to really be that bullish.
• 1:06:25
  Surprise is dumping. But but the headlines that we're
• 1:06:31
  seeing right now go around the Internet are really making the
• 1:06:37
  case that bit corners have been have been making.
• 1:06:39
  And it, it is kind of showing me that what we've said, like I
• 1:06:45
  said in the beginning, is becoming kind of the status quo
• 1:06:48
  here that we've literally, I know you guys yell at me because
• 1:06:50
  I don't put the memes on here anymore, but we've literally
• 1:06:53
  mean this into reality at this point.
• 1:06:55
  Because we have headlines all around the world coming from a
• 1:06:58
  bunch of different people in a bunch of different places,
• 1:07:00
  essentially confirming, or rather maybe echoing what we've
• 1:07:05
  been saying for a long time is that Bitcoin will eventually end
• 1:07:08
  up the world reserve currency. But they are kind of spinning
• 1:07:11
  this in a certain way that is, I guess you could say less
• 1:07:17
  hyperbolic. They're, they're like admitting
• 1:07:20
  what we're saying, but they're not going that far.
• 1:07:23
  And I, I think that's an interesting kind of trend we're
• 1:07:26
  seeing. The first one here is from Money
• 1:07:27
  Week and it goes, Bitcoin has become the reserve asset of the
• 1:07:32
  Internet, which is something that we obviously would totally
• 1:07:37
  agree with. Currently, where we are right
• 1:07:39
  now, Bitcoin is the de facto world reserve currency of the
• 1:07:43
  Internet. And we've been saying this for a
• 1:07:45
  while, like whether you believe in all coins or you believe in
• 1:07:50
  treasury companies, what you can't deny is that everything on
• 1:07:56
  the Internet has slowly become priced in Bitcoin.
• 1:07:59
  And I know there's a lot of like gambling sites and stuff that
• 1:08:02
  pricings in crypto, etcetera, but everything is essentially
• 1:08:06
  peg to Bitcoin. And we're starting to see that
• 1:08:09
  first step is probably what we've been saying for a while is
• 1:08:12
  that Bitcoin is the Internet money for a digitally Internet
• 1:08:17
  world, you know, the digital money for the digital world or
• 1:08:20
  the Internet's money protocol. And you're starting to see that
• 1:08:24
  these trend are catching on. And of course, this is just one
• 1:08:28
  of many headlines that we're seeing.
• 1:08:29
  But again, they are capitulating on the idea of it's no more just
• 1:08:34
  a scam. It's no more just a speculative
• 1:08:35
  asset. The fact we're seeing headlines
• 1:08:37
  saying this is the reserve asset of the Internet, the de facto
• 1:08:41
  reserve asset of the Internet just shows how long we've or how
• 1:08:44
  far we've come in in a very short time in what one year.
• 1:08:48
  This is where we've gotten to now this next one is pretty
• 1:08:51
  interesting because it is a bank here.
• 1:08:53
  So Deutsche Bank goes you could argue that this is just one of
• 1:08:57
  their analysts, but the fact we're seeing these headlines
• 1:09:00
  come out of banks here is I could potentially see Bitcoin to
• 1:09:04
  become the 21st century gold and one headline I could potentially
• 1:09:09
  see Bitcoin to become the 21st century digital gold and let's
• 1:09:12
  not forget that gold was also volatile historically, but it's
• 1:09:15
  important to keep in mind that Bitcoin is risky.
• 1:09:17
  Of course, they're not fully succeeding the point and in
• 1:09:20
  another article, they essentially are speculating that
• 1:09:24
  by 2030 central banks will be acquiring Bitcoin, which is
• 1:09:28
  obviously the final step here that we always talk about is
• 1:09:31
  once a bank starts printing money to buy Bitcoin, it's just
• 1:09:35
  completely game over. So we're we're starting to see
• 1:09:39
  that what we've been saying for years, the memes that we've been
• 1:09:42
  talking about are starting to catch on and people are are not
• 1:09:46
  looking at us like we're crazy. They're like, yeah, this is is
• 1:09:48
  obviously going to happen at this point.
• 1:09:50
  So we've gotten to the point where everyone has pretty much
• 1:09:54
  tactically agreed what we've been saying forever.
• 1:09:57
  It's either going to be worth a lot of money, it's going to be
• 1:09:59
  worth 0. And now if you're saying it's
• 1:10:01
  worth 0, you're kind of laughed out of the room even more than
• 1:10:04
  anyone else saying it's going to go to millions of dollars.
• 1:10:08
  Now they're like, yeah, actually it probably is going to go to
• 1:10:10
  millions of dollars. I should probably get some, but
• 1:10:13
  I find it interesting that from every corner of the globe right
• 1:10:17
  now, from all the institutions, you're starting to hear
• 1:10:19
  something very similar. Is that wow, this thing could
• 1:10:23
  potentially maybe not go so far as say this is the world reserve
• 1:10:26
  currency. You guys know my take on this.
• 1:10:29
  I've been saying for a minute now I think we're going to be in
• 1:10:31
  a like bimetalist kind of future or present rather.
• 1:10:35
  And before we get to a Bitcoin future, and by that I mean
• 1:10:37
  people are going to use dollars and Bitcoin.
• 1:10:40
  And once we get to the point that many countries tutions look
• 1:10:44
  at Bitcoin and the dollar in the same way that they looked at
• 1:10:47
  gold and silver, I think it's just showing us what is really
• 1:10:51
  going on here. And it's they can't fully say,
• 1:10:55
  hey, you know, unfettered use of Bitcoin is good.
• 1:10:58
  All they can say is we're we're not going to really fight this
• 1:11:01
  thing. It's already the Internet's
• 1:11:02
  reserve currency. We'll get to a point where these
• 1:11:05
  institutions are essentially saying this is the world reserve
• 1:11:08
  currency. But I think the fact that we're
• 1:11:10
  seeing banks say that, yeah, I think in what, five years,
• 1:11:13
  central banks are going to be acquiring this thing.
• 1:11:16
  It's gone a long way since the beginning of the year where it
• 1:11:21
  sounded crazy for a president to say you, we're going to be the
• 1:11:23
  Bitcoin superpower of the world. So even though the price has
• 1:11:26
  been what, Nico up 3K this year in what, nine months, I think
• 1:11:33
  the narratives around this are shifting so much that when the
• 1:11:39
  price does start moving, I think it's going to happen in a very
• 1:11:43
  short time that people just start to adopt this.
• 1:11:45
  So it's just going to be a no brainer.
• 1:11:47
  Once, once people are exposed to this thing enough times, they're
• 1:11:51
  just, they're just going to adopt it like that, like the
• 1:11:53
  snap of fingers here. So.
• 1:11:55
  Hey, we're seeing the headlines everywhere.
• 1:11:58
  It's the world reserve currency. It's the Internet's reserve
• 1:12:00
  currency. Central banks are going to be
• 1:12:02
  acquiring this. And this just shows that what
• 1:12:04
  we're, where we are right now, I think is the precipice of a
• 1:12:08
  huge, huge run. Because I think the more we feel
• 1:12:13
  bad about the price, the more you know that this is going to
• 1:12:17
  go up because like the market makers out there are doing this.
• 1:12:21
  I think by design, as we showed, you know, they're they're trying
• 1:12:23
  to liquidate traders, they're trying to kind of get a good
• 1:12:27
  position for themselves and their friends.
• 1:12:30
  And so the point to all of this rant was essentially do not get
• 1:12:34
  shaken out. Now is the time to have higher
• 1:12:36
  conviction and continue to stack stats, continue to take it in
• 1:12:39
  the cold storage. But Nico, it's come a long way
• 1:12:42
  since you and I have gotten into Bitcoin to hear headlines and
• 1:12:45
  see headlines about Bitcoin being the Internet's reserve
• 1:12:50
  currency, potentially the world reserve currency in five years.
• 1:12:55
  And people on the corporate press saying $1,000,000
• 1:12:58
  Bitcoins. It's, it's really going by super
• 1:13:01
  fast, even though the price isn't falling along so far this
• 1:13:04
  year. But I guess we shouldn't be
• 1:13:06
  surprised. Bitcoin is the world reserve
• 1:13:09
  currency. It's already the de facto
• 1:13:11
  Internet currency and it's only a matter of time until it's it's
• 1:13:16
  on everyone's balance sheet here.
• 1:13:18
  Like it. It's becoming very clear that
• 1:13:20
  this is the trajectory it's going.
• 1:13:22
  The Bitcoin thesis has been right for over a decade and now
• 1:13:26
  everyone's catching on. So, you know, a little
• 1:13:28
  bullishness, guys, we are winning the culture, we are
• 1:13:31
  winning the culture war right now because now everyone is
• 1:13:35
  bending the knee to our memes. It's kind of what we forever
• 1:13:38
  Nico. We, like, totally meme this into
• 1:13:41
  existence. One MIL is coded.
• 1:13:45
  We like meme this into existence, man.
• 1:13:48
  It's, it's been crazy. It's it's been a ride, you know,
• 1:13:53
  and now that Bitcoin's growing up and, you know, getting ready
• 1:13:58
  to go to college and, you know, it's.
• 1:14:01
  Dude Bitcoin Bitcoin just left mom's house.
• 1:14:04
  Like opt 11, he goes off. Bitcoins mature now and you
• 1:14:12
  know, it's, it's a, it's a mature asset, man.
• 1:14:15
  It's, you know, it's, but we mean that there.
• 1:14:19
  It's hilarious. And we change everybody's minds
• 1:14:22
  because, like, Sailor wasn't on board, Trump wasn't on board,
• 1:14:26
  Larry Fink wasn't on board, Ray Dalio wasn't on board.
• 1:14:31
  And it was you guys. It was you guys.
• 1:14:33
  You guys never lost the faith. You guys never you, you guys
• 1:14:36
  never stopped believing. You guys hoddled to that
• 1:14:38
  feeling. So, yeah, man.
• 1:14:42
  I mean, it's the power of belief, the power of belief and
• 1:14:45
  the power of memes. Did did we manifest?
• 1:14:48
  The Bitcoin. First, I think we did.
• 1:14:51
  I think, I think we did. I think we're going to manifest
• 1:14:53
  this up to like. 1,000,000 all the lives manifested, you guys
• 1:14:56
  did it. Anyways guys.
• 1:15:02
  It's been a fantastic. It's been a fantastic Monday
• 1:15:05
  show. We love you guys.
• 1:15:07
  We appreciate you guys. Before we tune out, I do want to
• 1:15:11
  give a shout out to one of our partners, Mining Disrupt.
• 1:15:18
  It's going to be the largest Bitcoin mining conference.
• 1:15:22
  It is the largest Bitcoin mining conference, and they're
• 1:15:25
  expanding to Texas #opti's going back to Texas November 11th
• 1:15:31
  through the 13th. It's a Bitcoin mining Expo.
• 1:15:35
  It's an AI Expo, it's an energy Expo.
• 1:15:37
  You want to get your tickets quickly before the prices go up.
• 1:15:43
  And you can scan the QR code or check the link in the video
• 1:15:47
  description and it will give you a nice discount to Mining
• 1:15:51
  Disrupt 2025 in Texas, baby. So we hope to see you guys
• 1:15:56
  there. Opti's going to be there,
• 1:15:58
  Ruston's going to be there, I'm going to be there.
• 1:16:00
  It's going to be fantastic. It's going to be fabulous.
• 1:16:03
  It's going to be a great time. And I hope to see you guys in
• 1:16:08
  Dallas, TX November 11th through the 13th at Mining Disrupt 2025
• 1:16:14
  in Texas. Hi, everybody.
• 1:16:16
  That was our show for September 22nd, 2025.
• 1:16:21
  We are a week away, one week away, one week away from Q4
• 1:16:27
  starting. I think we need AQ four
• 1:16:29
  countdown. We need AQ four countdown Opti,
• 1:16:32
  that's what we need. We are 9 days away, 8 days.
• 1:16:36
  And how many days are in September?
• 1:16:37
  Let me see. We are 8 days away.
• 1:16:41
  We are 8 days away from the start of Q4.
• 1:16:45
  Shall we see fireworks? That is the question on
• 1:16:48
  everybody's mind. Shall we see?
• 1:16:51
  Fireworks or is the Ponzi over? Or will Bitcoin continue to
• 1:16:57
  chop, solidate? And you know, will we
• 1:17:01
  perpetually be in the states of confusion and despair or will we
• 1:17:09
  be in a state of celebration? We're going to find out in eight
• 1:17:13
  days, ladies and gentlemen, 8 days.
• 1:17:16
  So Q4, this is the moment you've all been waiting for.
• 1:17:19
  You've been waiting for all these years for this moment
• 1:17:22
  that's right around, right around, right around the curve.
• 1:17:26
  So we're going to see someone in the chat.
• 1:17:28
  We're going to tank. It's so true.
• 1:17:33
  So anyways, guys, we love you all.
• 1:17:35
  If you guys enjoyed the show, you know to do Smash the Like
• 1:17:37
  button, consider subscribing and we'll see you tomorrow for a
• 1:17:39
  brand new episode of SB Live. Today's episode was brought to
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  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:17:48
  mission to enable financial independence.