Latest / Simply Bitcoin / NEW BRICS BITCOIN BOMBSHELL DROPPED ON CNBC | EP 1106

Transcript

NEW BRICS BITCOIN BOMBSHELL DROPPED ON CNBC | EP 1106 · Simply Bitcoin

0:00
Yo, a new bombshell clip has just dropped, specifically
0:04
coming from CNBC that exposes global Bitcoin, nation state
0:09
FOMO, something that we've been talking about for a couple
0:12
weeks. I mean, incredible.
0:14
Also, there was a prediction in this clip as well, $3,000,000
0:17
Bitcoin by 2050, which is a little bit bearish in my
0:21
opinion. But anyways, let's check out
0:22
this clip and then we'll talk about it.
0:27
It's a non-us asset, it's an emerging markets asset.
0:30
And while we were all hyperventilating about the
0:32
election over the last week, BRICS had a conference in
0:36
Russia. There's six new members of BRICS
0:38
this year. So BRICS GDP is now greater than
0:42
the combined GDP of G7. Of the six new members, three of
0:47
them, Argentina, the UAE and Ethiopia, are now mining Bitcoin
0:51
with government resources. So there is tremendous urgency
0:56
outside of the US to find a way to circumvent the irresponsible
1:00
fiscal policy that we've been running here in the US.
1:03
In fact, Russia announced an initiative, there's sovereign
1:07
wealth fund is going to invest in a regional initiative to
1:10
build Bitcoin mining and AI infrastructure throughout bricks
1:13
with an idea of settling global trade in Bitcoin.
1:16
So look, someday, I don't know if it's five years, 10 years,
1:20
Putin's going to die. We're going to look to
1:21
reintegrate some of these countries into the world
1:23
financial system and they're going to be trading with
1:25
Bitcoin. What are we going to?
1:27
OK. Bro, I mean, starting the week
1:30
off strong, Opti, this is something that you and I have
1:33
been speculating about, you know, for the last 6-7 months or
1:37
so. We've got tremendous amount of
1:39
indication. The most bullish one in my
1:41
opinion was the Kingdom of Bhutan finding out that they had
1:44
1/3 of their entire GDP in Bitcoin, of which they mined
1:48
that. None of it, none of none of that
1:50
Bitcoin did they acquire in a coercive manner.
1:53
And now you have, you know, these giant countries bricks
1:56
basically signaling that, hey, you know what, we're going to
1:58
mine Bitcoin, we're going to adopt Bitcoin.
2:01
Then you have someone from someone on legacy media
2:04
basically saying, Hey, what's the what's the US doing here?
2:07
Are they going to get caught off guard?
2:08
I mean, this is what Kaiser was talking about when he was when
2:11
he coined the term global hash war.
2:14
I mean, I think it's happening in full time, like in right in
2:18
front of our eyes. And what's really interesting to
2:20
me too as well is you have the Kingdom of Bhutan, you have El
2:23
Salvador, you have Paraguay, but also the news about Russia this
2:27
year, specifically how Putin was unbanning Bitcoin in the country
2:32
and basically legalizing Bitcoin mining, at least like on a
2:36
bigger scale within the country. I mean, this is bitcoins
2:39
incentives. I, I don't think any of these
2:41
countries are, are just willingly saying, hey, you know
2:43
what, we like freedom. Therefore, we're going to adopt
2:46
something like Bitcoin. I think that's Bitcoins
2:48
irresistible incentives doing their thing.
2:51
Anyways, Opti, you were covering this like I believe Thursday or
2:55
Wednesday of last week you started to cover this story in
2:58
regards to the BRIC summit. I mean, more news coming out.
3:01
Does this surprise you at all? No, not at all.
3:04
I mean, well, it actually a little bit we, we did kind of
3:07
mention that the some BRICS nations are mining Bitcoin.
3:12
But I think it is very interesting that these are
3:14
government funded mining operations, which is something
3:17
that Kaiser's been saying for a long time that the global hash
3:20
war is happening right now. And whoever doesn't adopt
3:23
Bitcoin is going to be late to the party and of course start to
3:26
wreck their citizens. And so considering all the
3:29
things that we've seen come out of the US in regards to Bitcoin,
3:32
you know, chokepoint 2.0, which we've been covering all year,
3:36
it's not looking good for America on that front.
3:40
We've you know, I know, I know in that as in America, we have
3:45
this need to protect the dollar, protect our world reserve
3:49
currency, world reserve currency status.
3:51
And hence why we kind of are incentivized to panic a little
3:55
bit and and ensure that Bitcoin doesn't become the global
3:58
reserve currency. But as you're seeing now, we say
4:01
it all the time, like if you fight Bitcoin, you're not only
4:04
going to hurt yourself, but you're, you know, you're going
4:06
to start losing the race. And if you want to maintain your
4:09
position in the world or even for smaller countries, you want
4:12
to hopscotch your what's a frog leap, your place in the world,
4:17
then you have to adopt Bitcoin. And yeah, we covered the initial
4:20
kind of opening of the BRICS statement, which was Putin
4:24
basically talking about the dollar being weaponized.
4:27
And now we're getting more signal that all of the BRICS
4:29
nations, now that, you know, maybe it's not a public
4:32
announcement, but you know that privately they're all starting
4:36
to look at Bitcoin as a legitimate vehicle to store your
4:39
value, a legitimate vehicle for international trade settlement.
4:43
And I mean, we even the bricks nations, like, you know, there
4:46
was rumors when we covered this news that they were going to do
4:49
their own, their own like currency, basically create like
4:51
a new euro for the bricks. And now they're doing some like,
4:55
you know, a batch of currency, you know, that they're going to
4:59
use. So you can still tell that the
5:01
dinosaurs out there aren't fully embracing digital currencies or,
5:06
you know, Bitcoin and the like. But the fact that we are getting
5:10
to the point now and the Jack Mueller said this in Bitcoin
5:12
Amsterdam, that once we get a country that turns on the money
5:16
printer to start to buy Bitcoin, like it's, it's really game over
5:20
for every other country behind them.
5:22
And now that we're seeing, you know, the BRICS nations, their
5:25
governments are actively trying to pivot themselves into the
5:28
mining space. Bitcoin mining is it's becoming,
5:32
you know, not only is it the only free market left in the
5:34
world, but it's becoming a super competitive industry.
5:39
And now that nation states are getting into it, man, I don't
5:42
know. I'm, I'm getting a little
5:43
worried for all the small solo miners out there because we
5:48
don't have the resources to compete with a money printer
5:51
behind, you know, Bitcoin mining infrastructure.
5:54
But it's something we have been saying on the show for a long
5:56
time that once nation States and or the energy producers start to
6:00
realize the incentives of Bitcoin mining, they're going to
6:04
start to morph and they're going to become one.
6:07
And if you don't have a nation state Bitcoin mining operation
6:13
that you're just leaving money on the table.
6:14
So it is very interesting that the BRICS nations are, are
6:18
taking Bitcoin mining and Bitcoin seriously, yet we don't
6:21
have an official, you know, announcement that they're like
6:24
fully adopting Bitcoin. But it's definitely becoming
6:27
that global hash war playing out in real time.
6:30
And what a what a crazy start to the week where it's like, this
6:33
is official. Three of the new 6 BRICS nations
6:36
are actively with government backing mining Bitcoin.
6:40
This is this is a huge development as far as I'm
6:43
concerned. And I'm, I'm sure we're going to
6:45
see some more big names pop out by either the end of this year
6:48
or the beginning of next year of who's fully diving into Bitcoin.
6:52
Yeah, absolutely. And then of course, you know,
6:54
there there's a big year for for Bitcoin and Bitcoin, the Bitcoin
6:58
regulatory environment, right? You have the US election coming
7:00
up in less than a week or so and of course depending on who gets
7:04
into office, you either going to have a pro Bitcoin candidate in
7:08
the White House or a less pro Bitcoin candidate in the way
7:11
that she she did walk back a lot of her policy in the last couple
7:14
weeks or so as we come closer to Election Day.
7:18
Also in that same legacy media interview as well, a price
7:22
prediction was dropped $3,000,000 Bitcoin by 2050,
7:26
which sounds a little bit bearish in my opinion, but
7:29
anyways, let's check it out. Here we go.
7:32
That assumes that by 2050, this is very long term that Bitcoin
7:36
becomes a reserve asset that's used in global trade and held by
7:40
global central banks at a very modest 2% weight.
7:44
And in that model we arrive at a $3,000,000 price target for
7:48
Bitcoin. Now that sounds, you know,
7:50
extreme, but that's a 16% compound annual growth rate for
7:54
a couple decades. You know that that's not really
7:56
that extreme. So into the millions over the
7:59
medium term is high conviction call.
8:02
So I mean, yeah, I like, you know, I, I would say it's a
8:05
little bit bearish. I mean, if you do compare that
8:08
to Michael Saylor's prediction, by the way, it's definitely on
8:13
the lower end of things, right. So Michael Saylor's base case
8:19
prediction for 2050, I believe, sorry, yeah.
8:23
For 2045 is about $13 million per per coin.
8:29
So I mean, I don't know Opti, what do you think?
8:33
3,000,000 by 2050 sounds bearish to me.
8:37
I mean compare. I mean, compared to sailors,
8:40
Sailors was definitely. Hey, what 2020 50 is what like
8:45
25 years from now? Like you don't think Bitcoin's
8:48
going to be higher than 3 million in 25 years?
8:51
Like, come on man, I I it does sound good on paper, you know,
8:54
like $3,000,000 Bitcoin prediction.
8:57
But in 25 years? Like.
8:59
I, I even think that, you know, I'm not a big power law guy
9:02
here, but I think even based off that metric here, if it does
9:06
hold, like I think it's 3 million in like, you know, 5 to
9:10
10 years. So I don't know, 25 years, 3
9:13
million sounds super bearish to me.
9:15
But hey, a $3,000,000 Bitcoin, I guess it's not that bad.
9:20
But I don't know, that sounds bearish to me as far as I'm
9:23
concerned. 100 percent, 100% yeah, it's but let's see let's
9:28
see. We will we'll stay we'll stay on
9:32
top of it and let's see if simply I mean, bro, 2050 is a
9:36
long time from now, but is a little bit bearish.
9:38
I mean I like Sailor's prediction more 13 million by
9:40
2045. I think that sounds better.
9:42
But someone in the chat let's get let's get to 100K first
9:46
boys. Yeah, I completely agree
9:47
anyways. Wait, wait wait before you go.
9:49
I literally told that to Nico this morning on my pro A
9:52
$3,000,000 Bitcoin prediction. Like can we we break 70 K 1st
9:56
and then we'll talk about $3,000,000 Bitcoin of?
9:59
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At the time of recording, the Bitcoin price is $68,550 sats
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inflation 1.26% market capitalization 1.36 trillion
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Bitcoin verse gold market cap 7.08% money supply 19,774,124
13:32
BTC percentage issued 94.16%. In the grand scheme of things,
13:38
Bitcoin is just getting started. Anyways, a topic that we've been
13:41
covering for the last couple days or so is this idea of the
13:46
great last couple months. It's actually a recurring theme
13:49
on simply Bitcoin, which is this idea of what I call the great
13:52
disintermediation. So what is first happening is
13:56
the great disintermediation of information.
13:58
I think we're like and heading to the end of that, in my
14:03
opinion. And I think what's to come is
14:06
the great disintermediation of money.
14:08
So what do I mean by this? You have, you have the Internet
14:11
has enabled mass scale peer-to-peer communication and
14:14
mass scale peer-to-peer money, which is obviously Bitcoin.
14:17
And that completely changes the conversation.
14:19
Because in in the old world, specifically as it relates to
14:22
information, we've seen this over the last six months or so,
14:25
there was a, there was a handful of legacy media outlets.
14:28
There was a handful of of there was a handful of legacy media
14:32
outlets and they were able to essentially control the
14:35
narrative. But what we saw specifically
14:38
this weekend, we literally saw one of the most popular, you
14:42
know, videos, one of the most popular interviews to hit the
14:45
Internet, Joe Rogan interview presidential candidate Donald
14:49
Trump. And it was a long form
14:52
interview. It was three hours long, has
14:55
currently 34 million views, which is absolutely gnarly.
15:02
The thing went absolutely viral. And if you listen to that
15:04
conversation, I mean, Joe Rogan says this himself.
15:07
The, the, the, the format is so radically different than what
15:12
we're used to getting from the legacy media, which I would say
15:15
is a terrible format. It's like 20 minutes.
15:17
They fill it with like gotchas, right?
15:20
And like, the whole purpose of it is to like paint A-frame of
15:23
the person in their interview. It's not like a conversation.
15:26
It's not like a long form podcast that you see with like
15:29
Joe Rogan and stuff and you're starting to see we're finally
15:33
starting to cross the chasm where this type of content is
15:38
actually getting more attention and getting more views than the
15:43
legacy media. And I think that has that has
15:46
very big implications. What are the very big
15:49
implications? Well, now all of a sudden, the
15:51
people that are going to have the most influence in society
15:54
are going to be it's going to be independent media rather than
15:57
legacy media. I mean, if you were to ask me,
15:59
and I might be a little bit biased here, I would say that's
16:00
a good thing. I think legacy media has abused
16:03
that trust, especially if you've been watching them over the last
16:07
five years. There's a lot of things that
16:09
they got wrong. And if you reported otherwise,
16:11
they would call you names, they would say it's disinformation,
16:14
etcetera, etcetera. But here's Brian Armstrong.
16:17
Brian Armstrong is the CEO of Coinbase.
16:19
And he says, by the way, as usual, Bellagi's was early, but
16:22
right on this, he was the first one I saw caught out this trend
16:25
probably 7-8 years ago at this point.
16:28
And Brian Armstrong said, this seems like the first election
16:30
where new media has fully flipped traditional media, long
16:34
form podcast X slash social prediction marks, etcetera,
16:37
deciding this election also holding traditional media
16:40
accountable happen gradually, then suddenly 100%.
16:45
And I mean, this is like, again, one of the one of the main
16:49
things that we've been covering on simply right, this idea of
16:52
what I call the great disintermediation, right?
16:55
And it's it's really exciting. Here's more takes on it.
16:58
Here's David Sachs. David Sachs says, I agree that
17:01
legacy media has lost most of its relevance, credibility and
17:05
audience. That said, it seems it still
17:08
seems to set the terms of the discourse.
17:10
Most of the bait on X consists of legacy media asserts A,
17:15
alternative media debunks A, legacy media doesn't doesn't
17:19
acknowledge, debunk, moves on to asserting B, alternative media
17:23
debunks B, and so on. Well known legacy media is over
17:28
when it's ignored completely. Getting to that point should be
17:31
the goal over the next four years.
17:34
You know you guys always make fun of me when I bring up the
17:36
term the Overton window that's been being brought up in recent
17:39
discourse. Elon Musk tweeted on October
17:43
28th he said. Ever wonder about the Overton
17:46
window? And here is the guy that I
17:49
apparently invented it. His name is John Overton.
17:52
But essentially the Overton window, for anyone who hasn't
17:54
been listening, is simply Bitcoin and me repeating this
17:56
term over and over again. The Overton window is
17:58
essentially the acceptable window of discourse.
18:01
And our job as Bitcoiners is to continue moving that window
18:05
towards the idea of what is money.
18:08
Why should the state have a monopoly on money?
18:11
And should the government have the ability to create money for
18:14
free that everyone else has to work for?
18:17
And as we move the Overton window closer and closer to
18:19
that, closer and closer to those ideas, people will naturally
18:23
start to question their local Fiat currency and start to seek
18:28
the better alternative, which is obviously Bitcoin.
18:31
All we have to do is continue to shift that where people
18:35
questioning what is money, it doesn't seem very radical.
18:38
It starts to seem acceptable as people start to question the
18:42
very idea of inflation, right? Like, why should my money have
18:46
to lose purchasing power in order to function?
18:49
Here's election wizard, he says. Axios.
18:51
Behind the curtain, The big media era is over.
18:54
The mainstream media's dominance in narrative and reality shaping
18:58
in president presidential elections shattered in 2024.
19:03
Axios very, very good point and I'll leave it at this.
19:07
There was a crazy I wouldn't. There was a there was a
19:11
political rally that happened yesterday.
19:15
There was Elon Musk, Vivek Ramaswamy, RFK Junior, I believe
19:19
Donald Trump, and you had the chairman of of counter
19:24
Fitzgerald introducing Elon Musk and dropping this idea that
19:28
actually Joe Rogan asked Donald Trump about on his podcast, this
19:32
idea of getting rid of the federal income tax.
19:35
Now, what's really interesting about this too, is when Elon
19:38
took the stage, he said, look, inflation is a tax.
19:42
I mean, where have you heard? It's it's like, how long have we
19:45
been saying that Opti And again, this, this is the concept of the
19:48
Overton window. You guys have been listening to
19:50
this idea for a very long time. But no, coiners have not been
19:53
listening to this. People that have not been tuning
19:56
into simply Bitcoin have not been listening to this.
19:58
But again, it, it's, it's not a crazy concept.
20:01
It's just, it's, it's a little bit outside of the Overton
20:04
window. But when Elon Musk's drops the
20:06
concept of inflation is theft, right?
20:09
Which he's saying that inflate to put he he quotes it as
20:12
inflation is taxation that is moving the Overton window that
20:17
is getting people to ask what inflation is.
20:19
That is getting people to ask, wait a second.
20:22
So all the thing the when they print money, it's not free.
20:26
So when they off, when the government or politician offers
20:29
me free things, it's not free. No, it's a form of taxation.
20:33
And they dropped, I would say the equivalent of a nuclear bomb
20:37
equivalent in the media landscape where they're dropping
20:41
this idea of getting rid of the federal income tax altogether,
20:45
which again, doesn't sound too radical if you're a Bitcoiner
20:48
and you understand the history of all of it and you've gone
20:51
down the rabbit hole. But if you're a normie, right,
20:54
you, you hear that you're like, the country's going to go broke.
20:57
But again, because the concept is so outside of the Overton
21:00
window, that is the natural response to it.
21:03
But if you look into the details of when the federal income tax
21:07
was introduced, which is 1913, which coincidentally was the
21:10
same year that the federal, the Federal Reserve was established,
21:13
1913. And then what was the outcome of
21:16
the federal income tax being established?
21:19
And again, how much money does the federal government spend on
21:22
a yearly basis versus how much they collect in tax revenue?
21:26
And then you come to the conclusion, wait a second, they
21:28
spend more money than they collect in tax revenue.
21:30
So they're taxing my income and then they're taxing my money
21:33
through inflation. Like maybe the government
21:36
doesn't have a tax revenue problem.
21:38
Maybe the government has a, a, a spending problem.
21:42
And again, it's really important that mainstream figures, we've
21:46
been talking about this for a long time now are bringing these
21:49
ideas up to the mainstream consciousness.
21:52
Because now all of a sudden you move that over to when it in
21:55
fact, you don't move it, you shatter it, right?
21:59
And then people start to ask questions.
22:00
And I'll tell you what, ladies and gentlemen, this rabbit hole,
22:04
once you start going down, it ends with one thing and one
22:09
thing only ending the Federal Reserve.
22:13
That's how it ends. So once you start going down
22:16
this path, you inevitably reach to what the root problem, the
22:22
root cause of all this evil is, which is the central bank, the
22:26
Federal Reserve, right? So I'm really glad that it's
22:29
moving in this direction and I and I hope it ends where we want
22:34
it to end, which is ending the Fed.
22:35
And, and a lot of the the questions is like, OK, so let's
22:38
say you end the Fed. What do you replace it with?
22:40
I remember Thomas Sowell getting asked this question and the way
22:43
he answered it was like super, super clever.
22:45
And he's basically like, so when you cut out a cancer, what do
22:49
you replace it? Like it's a stupid, it's a
22:51
stupid question. Like you don't replace it with
22:54
anything. Anyways, here again is Howard
22:56
Shrupnik the the chairman, CEO Lupnik Shrupnik.
23:01
Forgive me. Here's Howard Lupnik, the CEO
23:05
and chairman of of Counter Fitzgerald.
23:06
Let's see what he has to say. We all say make America great
23:17
again, but let's just go over for a minute what that means,
23:21
because we all say it as a slogan.
23:24
When was America great? At the turn of the century our
23:30
economy was rocking. This is 99125 years ago.
23:37
We had no income tax and all we had was tariffs.
23:50
All we had was tariffs, and we had so much money that we had
23:58
the greatest businessmen of America get together to try to
24:02
figure out how to spend it. That's who we were then.
24:08
But then we had World War One and we had World War 2, and we
24:13
felt we had a duty to rebuild the rest of the world.
24:18
So here's what we did. We took down our protection.
24:23
We took down our tariffs and we turned instead, and we taxed
24:31
Americans so that we could export the power of our economy
24:37
and save the rest of the world, which we did.
24:42
Now let me now, let me ask you a question.
24:45
What decade should that have ended?
24:50
Should it have ended in the 80's?
24:53
The 90s, 2000? What in the world are we doing?
24:58
We're letting the rest of the world eat our lunch, and it is
25:04
time to make America great again.
25:15
OK, so let's let again, This is why Elon is talking about the
25:21
concept of the Overton window. This is why I'm talking about
25:25
the concept of the Overton window.
25:26
If you are not a simply Bitcoin viewer, regular viewer, if you
25:31
are not a Bitcoiner in general and you hear the idea of ending
25:35
the federal income tax that is so outside of what you think is
25:40
acceptable, you're like, wait a second, who's going to pay for
25:42
everything isn't going to bankrupt the federal.
25:44
Again, I ask you to not react initially.
25:48
I ask you to do a little bit of research, go down that rabbit
25:51
hole and I, and I promise you, like you're not, you're not
25:55
necessarily going to be happy with what you find.
25:57
But yeah, I mean, you know, the, the, the, this idea that you
26:04
work your butt off and let's say you're in the higher income tax
26:07
bracket. If you're in some countries,
26:10
you're paying 50% of that income to the government, 50% of it.
26:16
Are you getting 50% of value back?
26:19
That's my question for you guys, right?
26:22
And again, it's not that you're paying income tax, but you're
26:26
also paying currency tax, which is inflation.
26:31
So add that on top of the income tax that you're paying.
26:36
And again, like that leads you to a conclusion.
26:39
It's like the like, you know, is this fair?
26:42
Is this equitable? Is this, you know, is this
26:45
working out? And one of the most insidious
26:48
things about the inflation tax is that it disproportionately
26:53
affects the lower and middle classes the most because the
26:57
lower and middle classes are the ones who save and earn in Fiat.
27:03
And if you save and earn in Fiat, the inflation tax is going
27:06
to disproportionately affect you the most, right?
27:10
So anyways, yeah, I wanted to touch on that.
27:15
I think it's really interesting. I mean, Opti, I think we got
27:18
this right. I mean, how long have we been
27:20
talking about? How long have we been talking
27:22
about the Overton window? How long have we been talking
27:24
about the inefficiencies of government?
27:28
How long have we been talking about the inflation tax?
27:31
It's almost as if, I mean, we've been talking about this for
27:33
quite a long time. I didn't anticipate this fucking
27:37
window moving over so quickly, so rapidly.
27:40
I still thought we had years of, of dialogue before getting to
27:44
this point. But it she it seems like this
27:47
year's election environment really, really move things
27:53
forward a lot quicker in regards to Bitcoin, in regards to tax
27:58
policy, in regards to money. And again, once these ideas are
28:02
thrown out into the mainstream consciousness there, you can't
28:05
put them back in the bottle right?
28:07
They, they're, they're going to continue to grow from this, this
28:10
point. The fact that a mainstream
28:13
political candidate is talking about ending the income tax is
28:19
radical. It's extreme.
28:21
But again, what I have to say for you guys is why did they
28:25
implement the income tax? Well, the whole idea was to pay
28:29
for some wars to, to get some value back.
28:33
But but what Howard Lepnick was basically saying is that like,
28:37
look how wealthy we were in the beginning of the century.
28:39
Like, what did we get for paying all of this money?
28:43
Right? You can say the, you know, this,
28:45
this giant bloated bureaucracy, like what did, what was the
28:49
value? What was the value?
28:51
What was the value added back? Like maybe in the beginning you
28:54
could have pitched us the idea and we could have given you the,
28:57
you know, the, the, the benefit of the doubt.
29:00
But at this point you're just kind of like, like maybe, maybe
29:06
radical idea, crazy idea, everyone.
29:08
Maybe it's time to try something a little bit different and to
29:12
see how it ends up. Anyways, guys, if you guys are
29:15
enjoying the show show so far, make sure to smash that like
29:19
button really, really helps with the algos and getting to push
29:22
this message forward further, further, further moving that
29:27
Overton window. Anyways, Opti, what's your take
29:30
on all this? Yeah.
29:32
Well, first of all, I think what we just heard is something I've
29:36
kind of been saying on the show for a long time.
29:38
It feels like the pendulum is swinging away from, you know,
29:41
the left and going more towards the right or some might argue
29:43
more towards like a base perspective.
29:46
And I think people are just really tired of the the left
29:50
progressive ideologies that's been basically forced on us.
29:53
And I think this is just like a good encapsulation of what the
29:56
zeitgeist is right now. And they wouldn't be saying
29:59
these things if the majority, or at least the majority of their
30:02
vote voting base didn't believe the same things.
30:04
And so I do love that they are kind of floating these ideas.
30:07
I actually do have the Trump clip for the culture, but I was
30:10
going to kind of gloss it over. So maybe if we want to play it
30:12
later in the show, we can hit on it.
30:14
But I think there was a really, really big point that Howard
30:19
Lutnick said in that speech, which is something we've
30:22
obviously as bit corners talk about constantly.
30:25
And it's the idea that all wars are banker bankers wars and the
30:30
World War 2 military industrial complex.
30:33
The military machine hasn't been turned off since World War 2.
30:37
And This is why we are in the position that we are right now
30:40
is because like Howard was saying that, you know, the
30:42
income taxes how basically how we justify going into the war.
30:47
And that's how supposedly we pay for all the wars going on in the
30:50
world. But there was another point that
30:52
I do want to hate on, which is what David Sacks said.
30:57
And I think that's such an important, important message
30:59
right now, though I would argue that, you know, us here and
31:05
whatever you want to call them, you know, right leaning people
31:09
on the Internet. I think one of the problems that
31:11
US independent content creators do have right now is we are very
31:15
reactionary towards the media. And like, like David Saxon
31:19
saying, you know, the media says one thing and we spend all our
31:22
time debunking it. And you know, what we try to do
31:24
here constantly is yes, we do like our job is to debunk the
31:28
corporate press. But I think a lot of the stuff
31:30
that we need to do not only as simply Bitcoin, but independent
31:34
content creators is, is go on the offensive a little more
31:37
versus just being reactionary. Because that's how the left in
31:40
the corporate press is really good.
31:41
They just keep, you know, shooting missiles metaphorically
31:45
and and just like attacking while we have to spend all the
31:48
time debunking stuff, which reminds me of what's that mean?
31:51
Where it's like it takes like twice as long or whatever, three
31:55
times as long to dislike, disprove lies and all that
31:59
stuff. And that's where we are right
32:01
now. And so I think my mic is messing
32:04
up. No, you're good.
32:06
So it is an interesting trend that we find ourselves in
32:10
because I do think like, I've been saying it for a while and
32:13
it's really just been more of like a gut feeling and, and
32:15
seeing what's going on that it seems like the pendulum is is
32:18
swinging towards the other way. And we'll see what happens in
32:22
this election because like, you know, there was another point
32:25
there where I think it was David Sacks or maybe it no, it was
32:29
Brian Armstrong who said, like, this is going to be the first
32:32
election that the independent content creators are basically
32:36
outperforming the the media class.
32:38
And remember what we said, you know, 2016, when Trump did get
32:42
elected, it was because the media, the corporate press
32:46
wasn't ready for, for basically a band of Internet memers to
32:51
continue to combat the truth. And now that this is kind of the
32:54
that is quo, that independent content creators are just
32:57
absolutely blowing the corporate press out of the water right
33:00
now, I think it is going to move towards that direction.
33:04
And we all know that only really, you know, like 60 plus
33:08
are the ones watching the news and everyone else gets their
33:10
news in real time from Twitter or even like TikTok.
33:13
And so we are entering a new era right now.
33:16
And it's just very interesting what's going on.
33:18
And obviously stay vigilant and make sure that you're not
33:21
trusting, but you are verifying. But it is crazy that this this
33:24
stuff's even getting floated out right now.
33:27
And it's almost like the Ron Paul meme, like it's happening,
33:30
like it feels like it is happening right now.
33:32
And man, it's just crazy. It's going to it's going to be
33:34
very interesting what's happening next week. 100
33:37
percent, 100%, man, it's all happening right now.
33:40
We're in a we're in a really good spot man.
33:42
It's just like can't believe all this is happening, but I think
33:45
it's all bullish for Bitcoin. All right everybody, let's get
33:47
to the news. We have lots to talk about.
33:49
Let's check it out. Here we go.
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Not your keys, not your keys. Anyways, so I did want to cover
35:58
this. Check this out specifically this
36:03
person, Sitaya Nadella. He is the chairman and CEO of
36:08
Microsoft and Microsoft essentially held a meeting.
36:11
Opti talked about this last week, but they held a meeting in
36:15
regards to I'll read this specifically and this comes.
36:21
I believe that they sent this to their investors and whatnot and
36:24
shareholders. MicroStrategy, which like
36:26
Microsoft is a technology company, but unlike Microsoft
36:30
holds Bitcoin on its balance sheet, has had its stock
36:34
outperform Microsoft stock this year by 313% despite doing only
36:40
a fraction of the business that Microsoft has and they're not
36:43
alone. The institutional and corporate
36:46
adoption of Bitcoin is becoming more commonplace.
36:48
Microsoft's second largest shareholder, BlackRock offers
36:52
it's clients a Bitcoin ETF. So very, very interesting.
37:00
And again, this is something that we've also called on.
37:03
Simply, we've been saying that, we've been saying that market
37:10
forces are going to do what market forces do best.
37:13
And essentially, if you don't get on the Bitcoin train, you
37:18
risk getting left behind. And I think this is an example
37:24
of a company saying, wait a second, like we're doing well.
37:28
You know, we're doing well as a company closing deals, right?
37:32
We have a lot of profit. Why is Micro Strategy, which is
37:36
supposedly a much smaller company, outperforming our stock
37:40
and then they come to the inevitable conclusion?
37:42
The reason that MicroStrategy is outperforming everyone is
37:44
because they have the cheat code and the cheat code is Bitcoin,
37:48
right? So I would say that it's
37:50
inevitable. And Michael Saylor has been
37:53
beating the battle drum over the last couple of weeks like
37:57
posting and tagging CE OS and like basically like poking them
38:02
and basically saying like, look, the reason I'm outperforming
38:04
everyone is because I'm on a Bitcoin strategy.
38:07
And if they get on the Bitcoin train, all of a sudden their
38:10
incentives align with ours, their start, their stock starts
38:13
to outperform everyone else. And the reason is because
38:16
they're on a Bitcoin standard and it just becomes this like
38:19
self fulfilling prophecy that just you know, it just, it's,
38:22
it's again aligned incentives. So anyways, I thought that was
38:26
really fascinating. I didn't get a chance to talk
38:28
about it 'cause I was travelling.
38:29
I was at the Plan B forum in Lugano, Switzerland.
38:32
Absolutely great conference. But I didn't get to talk about
38:35
it. But I thought, I thought that
38:37
was the news. Like that is signal.
38:39
Like, I wonder what the, the ending vote is gonna be.
38:43
And even if it's negative, even if they don't vote to acquiring
38:46
Bitcoin, MicroStrategy is still going to outperform everyone.
38:50
So if you have Tesla and MicroStrategy, they both have
38:55
Bitcoin. All those other tech companies
38:58
are at a competitive disadvantage to MicroStrategy
39:02
and Tesla. Obviously, MicroStrategy has
39:04
acquired so much Bitcoin that like essentially like that stock
39:10
is just gonna follow the price of Bitcoin like ultimately.
39:14
But anyways, Opti, what's your thoughts on this?
39:16
You initially covered this last week when the news dropped.
39:18
Yeah. I mean, obviously it kind of
39:21
just sort of repeating myself. We've been saying that by the
39:25
end of this year, we're going to see some of the biggest names
39:27
start to at least take the Bitcoin thesis seriously.
39:33
And now we have it, you know, Microsoft is basically, I think
39:37
it is actually it's the second largest company in the world.
39:40
And the fact that they're having a shareholder meeting to vote to
39:43
add Bitcoin to their balance sheet or add it as an
39:46
investment, I think is a huge point in the Bitcoin story.
39:52
We'll see what actually happens with this.
39:54
But the real signal here is that it's probably not just Microsoft
39:58
that are thinking about this. Yes, they haven't taken it to a
40:01
shareholder meeting yet, but I'm sure that the, you know, the
40:04
heads up high at Apple are also talking about this.
40:07
We all know Tesla has Bitcoin on their balance sheet.
40:10
They're the 12th largest company in the world.
40:12
So every company, the biggest companies in the world have to
40:15
take Bitcoin seriously. We'll see how this plays out.
40:19
You know, being a little more cynical, I guess you could kind
40:21
of say like. Microsoft isn't really like a
40:24
Bitcoin company, I don't think. I don't think any Bitcoiner even
40:27
uses Microsoft. And maybe maybe we don't want
40:31
Microsoft to add Bitcoin to their balance sheet.
40:34
But hey, it just goes to show that the signal's spreading and
40:37
Bitcoin as an asset, or rather as a currency as we like to see
40:41
it say it. It's becoming a a very serious
40:44
topic and people have to look into Bitcoin.
40:46
They have to at least take it seriously.
40:48
If you are laughing at Bitcoin at this point, you know, it's
40:53
just a classic like have fun staying poor.
40:54
I mean, like, if if the biggest names in the world aren't
40:58
getting you at least a little bit curious as to what this
41:01
Bitcoin is and you're not doing even like a, you know, couple
41:04
hour research into reading Bitcoin, reading into what
41:07
Bitcoin is, its value proposition, then, you know, you
41:11
you really are a dinosaur and you're not keeping up with the
41:13
times. And I think this is just further
41:15
confirmation to everything we've been saying that now everyone
41:18
has to take Bitcoin seriously. And we'll see what this vote or
41:22
we'll see what happened with this vote and whether they added
41:25
or not. I think it's besides the point,
41:27
but it just goes to show these conversations are happening.
41:29
And you have to you have to at least seriously judge whether
41:33
you need to add Bitcoin to your balance sheet.
41:35
Yes, you could argue that like, oh, I'm already diversifying My
41:38
Portfolio well enough or I don't need Bitcoin.
41:40
Sure, you you can you know, I'll give you the benefit of the
41:43
doubt and and say that yeah, maybe you're correct, but I
41:46
don't know. I think, you know, Bitcoin is
41:49
the fastest race in the horse and if you really want to
41:52
outperform the markets, then why would you ignore Bitcoin?
41:55
It's blowing everything out of the water.
41:57
I think next year it's going to blow everything out of the water
42:00
and you know, whatever, like, I guess we just frant ran Wall
42:04
Street and it is what it. Is absolutely all right,
42:07
everybody, Let's get to the culture.
42:09
We have a lot to talk about. Let's check it out.
42:10
Here we go. Hi everybody, I do want to tell
42:25
you about the orange pull up. The orange pull up is the
42:27
Bitcoin social layer. Stack friends who stacks ATS
42:30
join the 12,233 bit corners that are currently on the app.
42:35
The orange pull up is a great resource.
42:38
If you're traveling, you're on the go, perhaps you're going to
42:40
a conference and you don't know any bit corners around you.
42:43
The orange pull up is for you. It has a really clever
42:46
geographical feature that it will show you the bit corners
42:48
that are near you and it'll it'll give you the capability to
42:52
send them a message and connect with them directly.
42:55
It's also one of the best ways to reach me.
42:57
If you have a question for me, don't send me a message on
43:00
Twitter. Don't e-mail me.
43:01
Send me a message on the orange pull up.
43:03
And every week or two, I make sure to get back to every single
43:07
one of you guys. Download the orange pull up
43:09
today to get started, scan the QR code or check the link in the
43:12
video description. All right, obviously you have a
43:15
video pulled up. What are you going to talk about
43:17
today? Yeah.
43:18
Wait, wait, wait, wait. Hold on, hold on.
43:20
Did I say fastest race in the horse again?
43:22
I I was getting trolled in the chest.
43:25
OK, fastest horse in the race. All right, my bad.
43:28
I I keep messing that one up. Yeah, I guess maybe I said that
43:31
again. I I I saw that I said that last
43:33
anyway. Anyways, anyways, Nico, you
43:36
brought this up. We we can play this after if we
43:39
if we got time, But this isn't the clip that I wanted to hit on
43:43
considering this is the culture and I think we had two big
43:46
cultural moments yesterday. Obviously Trump win on Joe Rogan
43:50
has now 37 million views in what like 3 days or something, which
43:54
I think is like the fourth or fifth biggest episode on Joe
43:58
Rogan. And all the other episodes have
44:00
been out for like 4 to five years.
44:02
So again, it goes to show that these type of topics, whether
44:05
you love or hate Trump, the fact that he can go on Joe Rogan and
44:08
talk about eliminating the income tax and it be taken
44:11
seriously. And now people are like, whoa,
44:13
OK. Like as a Bitcoiner, I never
44:15
thought that that would even be a something coming out of a
44:19
presidential candidate's mouth. Whether they'll be follow
44:21
through on that, it's a totally different story.
44:24
But the fact that we're talking about this, I think is a is a
44:26
good precedent for moving forward of what are some actual
44:30
things we can do to fix our country here, but also every
44:34
country around the world. And especially when you're
44:36
seeing some countries in the EU go just like completely the
44:39
opposite way and, you know, force taxes and do all kinds of
44:43
crazy stuff that are going to hurt their citizens anyways.
44:45
We can play this after. But the real, the real clip that
44:48
I wanted to hit was again, part of the Trump Vance ticket, JD
44:52
Vance going on Tim Dylan's show and as a bitcoiner, you know,
44:57
we're all basically like offsprings of Ron Paul and what
45:02
he set out and what he's been saying for a long time.
45:04
Hashtag and the Fed and we had JD Vance go on Tim Dylan.
45:08
I don't have the numbers on how big of a reach this one got, but
45:13
he does do a little nod to Ron Paul.
45:16
And I do want to cover his response, Ron Paul's response to
45:20
this. So I'm going to play this and
45:21
then we'll we'll chat about it. And if we have some time, I can
45:24
play the Trump clip. Isn't it BlackRock?
45:28
Is there a way to calm that down where they're purchasing all and
45:33
they're driving up the cost of real estate?
45:35
You walk around New York City, there are buildings that are
45:37
full of empty apartments because it's money laundering from
45:42
people overseas that are stashing money and it's raising
45:45
the cost of living for the entire city.
45:47
That's exactly right. And and you know, if like I'm
45:50
actually not a Ron Paul guy, one of my one of my dear friends is,
45:55
is a big Ron Paul guy. But like, I've kind of come
45:57
around to the Ron Paul argument. I don't fully agree with it, but
46:01
the criticism of the Federal Reserve that makes the most
46:04
sense to me is that it gives massive corporations a lower
46:08
cost of money than the average American, right?
46:12
So part of the reason BlackRock has been able to buy all these
46:14
homes is you ask, well, what is BlackRock borrowing at, right?
46:17
What rate are they borrowing at? Because the average American
46:20
right now, I think, I think the average mortgage interest rate
46:22
is somewhere around 7% right now.
46:24
OK, Blackrock's borrowing at like 1.52 point 5%, right?
46:29
So if they're paying a much lower cost for bought for debt
46:35
then the average American, then they have a huge advantage.
46:37
They buy up all the homes, they Jack up all the costs.
46:39
And again, going back to the Jeffersonian idea of Americans
46:42
as owners and as citizens in their own country.
46:45
Well, what happens when BlackRock owns your home and say
46:50
they, they say you're not allowed to own a firearm because
46:52
we own this home. You, you don't own this home.
46:54
OK, there goes the Second Amendment.
46:56
What if they say, well, for all residents in our, in our places,
47:00
we don't want you to put up yard signs for certain political
47:04
candidates? Well, there goes the First
47:05
Amendment. There's a connection, There's a
47:07
very deep connection between the idea of, of American
47:10
citizenship, the full idea and the liberties that actually make
47:13
American Society such a cool place to live.
47:16
And if we turn everybody into renters, we're going to destroy
47:19
that. I mean, I I think that like.
47:21
Here's where you're wrong now. People really like these shows
47:24
where people buy $20 million homes like Selling Sunset most.
47:29
Isn't that as good as owning a home?
47:31
Because there's thirty shows about people buying mansions and
47:36
people get to watch them. So you don't have to cut grass.
47:39
You can watch somebody else buy a.
47:41
House, but that is what's happening by the.
47:43
Way you can live in a pod and eat and eat your roasted
47:45
cricket, but watch other people live in the American tree.
47:49
Yeah, hilarious. The last part, The last part,
47:52
you know, AKA the Make America Healthy again.
47:56
You could, you know, eat the grasshoppers and live in the pot
47:59
and watch other people be rich. Yeah, This is the weave.
48:02
You will owe nothing and be happy.
48:04
But the Ron Paul point, which is really, I mean, I think it's
48:07
kind of amazing that Trump and Vance are both themselves kind
48:12
of saying a lot of things that would come out of Ron Paul's
48:15
mouth. Kind of, you know, I know
48:17
Trump's kind of been trying to persuade the libertarians to
48:21
vote for him, but they are starting to say some of the
48:24
talking points that Ron Paul's been saying for a long time.
48:27
And Ron Paul on Twitter just basically double s down on this,
48:30
which is what we say all the time on the show. the Fed is the
48:34
prime source of our economic problems.
48:36
Our nation needs sound money again.
48:38
And I'd be very happy to discuss this with you, JD Vance.
48:41
And so, hey, are we there yet? I don't know.
48:45
But it does seem like, you know, we have Trump on one hand saying
48:49
maybe we should eliminate the income taxes.
48:51
We have Vance, on the other hand, being, yeah, actually, you
48:54
know, I'm not a full Ron Paul guy, but a lot of the things
48:58
he's saying I'm starting to believe in and what's like Ron
49:01
Paul's main message. And the Fed, the Federal Reserve
49:04
is not federal. It has no reserves.
49:07
The central banks out there, especially in America, the Fed,
49:10
of course, they are the root cause of our economic problems
49:13
because it all boils down to one simple explanation of inflation.
49:18
Where is the root cause of inflation?
49:21
It's them expanding the money supply.
49:23
And so, hey, JD Vance kind of, I think missed it a little bit
49:27
when he's talking about the interest rates and stuff, it's
49:30
really about the expansion of the money supply.
49:32
Those who can control the money obviously can print money that
49:35
we all have to work for. They can put it where, where
49:38
they want to. And he, you know, he kind of
49:40
touched on that about the interest rates, but he isn't
49:42
hitting the, the, the root source of this.
49:45
But it does seem like, as Nico was saying earlier, the Overton
49:48
window has shifted at least enough where we can at least
49:52
seriously have these conversations in America about
49:55
eliminating income taxes. Maybe the Federal Reserve is the
49:59
main problem here. Maybe the problem is creating
50:02
money out of thin air. Maybe we need to go back to a
50:04
sound money era. And you can see that the
50:06
Republican Party is at at seemingly at least in rhetoric
50:11
talking about protecting Bitcoin, protecting the Bitcoin
50:14
industry. And so I think these are all,
50:16
you know, very good developments when you kind of look at the
50:19
opposite side and they're like, yeah, we're going to tax you out
50:20
of existence. We're going to, you know, choke
50:22
.2 point OU we're going to do whatever we can to hamper the
50:25
Bitcoin industry. So I, I just find it very
50:27
interesting that on some of the biggest mainstream podcasts, we
50:31
can have these conversations and we're not just relegated to, you
50:34
know, dark corners of the Internet or on Twitter where
50:37
it's just Bitcoin Twitter. Uh oh.
50:39
All right, go Nico. Yeah, Opti.
50:42
Opti's. Well, I don't know what happened
50:44
with Opti. No, bro, listen, I I want to
50:47
talk about this Overton window console.
50:48
Opti, just use your FaceTime. I want to talk about the Overton
50:51
window, the concept, right, which is like something that
50:56
we've been talking about for many, many months now.
51:00
And it's happening, right? Like the Ron Paul, you know,
51:05
meme thing. It's happening, It's happening.
51:08
And it's just like the Bitcoin becoming electoral issue.
51:15
It's happening a lot quicker than I anticipated.
51:19
I thought that Bitcoin was going to become an electoral issue
51:22
without a shadow of a doubt by 2028, guaranteed.
51:27
And I think the current administration expedited that by
51:31
taking such a hostile stance towards the industry.
51:34
Thank you, Elizabeth Warren. I mean, I'll say thank you once
51:37
I found out the results of the election because it could really
51:40
go either way from a regulatory perspective.
51:43
But yeah, I mean, you know, that Overton Window is shifting
51:47
hardcore and I you, the third party candidates, no doubt in my
51:54
mind, they would bring up these concepts like the Libertarian
51:57
Party up there, like going up there and saying these things
52:00
like it's like that's not surprising.
52:02
But but main party candidates bringing this up, like, bro, you
52:08
know, this is just to kind of give you an idea, guys like just
52:13
these two things. Donald Trump at the Bitcoin
52:16
conference says he'll protect the right to self custody and
52:19
he's thinking about making Bitcoin a strategic reserve
52:22
asset. Fast forward three or four
52:25
months later, I want to end the income tax.
52:27
Like, like guys like this is gnarly.
52:31
This is gnarly. And if you're on the other side
52:34
of this, like if you're part of the unelected Bureau, let me ask
52:38
you guys something. Who's running the country right
52:41
now? Who's running the country right
52:44
now? Do you think?
52:46
It's Joe Biden? Like, so OK, I'm going to, I'm
52:52
going to leave that right there. I'm just I'm not going to
52:55
answer. That yeah, I was going to joke
52:56
too, but. I'm I'm going to just leave that
52:59
simmering. OK, so if he hasn't been
53:02
running, running the country, who's been running the country,
53:04
the sample, the ample, the the the the answer is simple.
53:09
The person who's been the the machine has been running the
53:12
country. It's always been running the
53:14
country in my opinion. And you have to identify what is
53:19
the source of funding for said machine.
53:22
And as the machine gets bigger, it naturally has to take away
53:28
more and more of your freedoms because it essentially it need,
53:34
it needs funding, it needs a revenue source, it needs a
53:37
revenue source. And what is that revenue source?
53:40
The American people, right? So I think what's happening
53:46
right now is really, really fascinating.
53:48
We're like a really interesting point in history.
53:52
We're exiting the disintermediation of
53:56
information. I think that's come full circle.
53:59
I think with the Joe Rogan interview with Trump, I think it
54:04
represented something that started like four years ago or
54:09
so, but now all of a sudden the independent media is now getting
54:16
more traction than the legacy media.
54:19
For some reason. The legacy media is still
54:21
setting the debate, but the independent media has become the
54:26
media. What I anticipate is going to
54:29
happen in the next four years or so is what just happened with
54:34
the disintermediation of information is going to happen
54:37
with money. And it's going to be called, in
54:40
my opinion, the disintermediation of of the
54:44
disintermediation of money, the separation of money and state.
54:48
And you're starting to see the first innings of that when
54:51
they're talk about and the income tax.
54:55
That's a really great indication to where this is going.
54:59
If you start asking that question, the secondary natural
55:04
question, the inevitable question is end the Fed.
55:08
If you're going to say end income tax, you're going to end
55:12
with end the Federal Reserve, that's what's going to happen.
55:15
That's like the natural evolution of this.
55:18
And if this is where we are, if the Overton window has moved to
55:21
this point, where do you think it's going to be in four years?
55:26
Bitcoiners have not won until we end central banking.
55:31
That's why Bitcoin was born. That's why we're here.
55:34
That's what's really going to end the enslavement of humanity,
55:39
central banking. Until we end the central banks,
55:44
things will not change. Humanity will never be free.
55:47
That's what we have to do. And we have to do it with
55:49
informing the populace with the dangers of central banking.
55:54
And again, I would say putting pressure on the machine, and you
56:03
can't do that in any other way. You have to do it peacefully,
56:07
you have to do it legally, and you have to do it with truth and
56:11
information. And now that they've lost their
56:15
monopoly on information, their control on the narrative, these
56:19
types of ideas are going to be a lot easier to propagate.
56:23
Because when you tell someone like Joe Rogan, I want to end
56:27
the income tax, he's going to ask you a genuine question about
56:31
it. If you say that on legacy media,
56:35
they will attack you in three different ways.
56:38
Why? Because they are part of the
56:40
system. They are part of the system of
56:43
control itself. So the fact that the discussion
56:47
is happening outside of the system of control is very good
56:52
for Bitcoin. It's very good for our movement.
56:56
And the fact that this is happening, you're going to start
56:59
to hear many topics that were otherwise never going to be able
57:04
to be talked about being talked about.
57:08
And we are entering a very, very interesting moment in human
57:13
history. I don't think it's like a new
57:16
renaissance. I don't think America has gone
57:19
through this type of fork in the road in a very long time.
57:26
And I think this upcoming election, I agree with Elon when
57:30
he says this is really going to determine which way we go for
57:35
the foreseeable future. I think if one party wins and
57:39
the other party doesn't win, I think that this, what's
57:42
happening right now is inevitable.
57:44
I think the cause of this is the Internet.
57:47
I think the Internet makes the every everyday person more
57:51
informed on everyday issues. I think social media gives them
57:56
the power of information at their fingertips.
57:59
That information isn't censored, that information is in control,
58:02
even though they're trying to do that.
58:05
And I think that informs the populace.
58:07
And once the populace is informed, the inevitable outcome
58:11
of that is why does my money need to steal from me?
58:16
Why does central banking need to exist?
58:19
Why am I poorer than my parents? Right.
58:22
And then you start to ask those questions and you're like, and
58:26
they don't have answers to this. Their answers are to gaslight
58:30
you, to call you racist, to call you an extremist.
58:33
But they don't want to answer this.
58:34
They don't want to answer. They don't want to talk about it
58:37
because they don't have a good response.
58:39
So they would rather bury it. But now that they can't bury it
58:43
because they've lost their monopoly on information, they
58:46
have to confront it. And if they have to confront it,
58:49
they can only give you like actual valid reasons.
58:53
You want to know why the Rogan interview took off the way it
58:57
did? It's because people know that
59:00
when Trump went on Rogan Rosen, Rogan wasn't just going to go
59:04
like, gotcha, gotcha. You're a racist.
59:06
Like it. It was going to be a natural
59:08
free flowing conversation. And that's what you got for
59:11
three hours. And that's in stark contrast to
59:14
what the media has been telling you for the last nine years that
59:19
Trump essentially is, is like, you know, the second coming of
59:23
Satan, essentially. And, you know, I'm not a big
59:26
like I'm not a fan of all of Trump's policies.
59:29
But at the same time, I want to be able to do my own research
59:33
and come to my own conclusion rather than the media getting to
59:37
dictate how you, how you should feel about certain things.
59:41
Like we, we don't, we, we don't live in a free society.
59:46
If the media is getting to dictate the narrative and how
59:51
you should feel about certain topics, topics and issues, we
59:54
don't live in that society. The Internet is bringing that
59:58
like bringing that to light and rather than them adjusting and
1:00:03
pivoting, they keep doubling down on this idea of we should
1:00:07
be the ones that get get to dictate what is true and what is
1:00:10
not true. Anyways, Opti you want to close
1:00:13
it out. No, I mean, I think you, I think
1:00:16
you kind of killed it, man. It just goes to show that we are
1:00:20
entering into a new paradigm. And what's the man?
1:00:24
What's the for, for the O GS here that been in Bitcoin for,
1:00:28
you know, 7 + a year? What what's the Carlos Matteo or
1:00:33
Carlos Matos? I'm blanking the big connect
1:00:35
guy's name. It's like we no longer live in
1:00:37
the world that we once lived in or whatever it was.
1:00:42
This is where we are. We are in entering a new
1:00:45
paradigm and it is very interesting.
1:00:48
Obviously there there's going to be some trade-offs along the
1:00:51
along the way, and I think things will get kind of crazier
1:00:54
as we start to move along into this new paradigm that we find
1:00:58
ourselves in. But hey, as Bitcoiners, we're
1:01:01
protected and Bitcoin is speech after all, and free speech is
1:01:05
super important. And hopefully more people
1:01:09
realize that. Yeah, man, like conversating on
1:01:11
the Internet, peer-to-peer is the most important thing to be
1:01:14
doing. Again, I'm always reminded of
1:01:16
the headline of doing your own research is bad.
1:01:20
Like trustee experts, like this is the world they want us to
1:01:22
live in A2 tiered system where the quote UN quote, you know,
1:01:27
financial elites tell you what the truth is and us peasants
1:01:31
have to just eat it and, and you know, take it as it's gold or
1:01:34
you know, the holy word over here.
1:01:36
And it's like, no, now that game is changing.
1:01:39
And that means that there is upward mobility.
1:01:42
If you understand what is going on, if you have the asymmetric
1:01:44
knowledge and understanding of how the world really works,
1:01:47
which we think Bitcoin does and allows for more, more people,
1:01:51
then you're entering into a better world.
1:01:53
And what do you always say, Nico?
1:01:55
Fiat is the world of pessimism, nihilism and war.
1:01:58
And Bitcoin is the world of optimism, freedom and peace.
1:02:01
Like, I don't know, it's such a simple, it's so simple.
1:02:03
It's really so simple. Simple.
1:02:05
Complicated people make it complicated.
1:02:07
Anyways, guys, if you guys enjoyed the today's show, make
1:02:10
sure to smash that like button share this video.
1:02:12
It seems like we got a little bit of of yeah, I think we go a
1:02:15
little bit. I don't even know what we can
1:02:18
say a little bit a little bit. It's been happening at like like
1:02:21
at least once a week for the last of Microsoft.
1:02:23
We have a neat. Topic that we can't talk about,
1:02:26
yeah, but. Yeah, share today's video and of
1:02:28
course, we'll be back tomorrow for a brand new episode of
1:02:30
Simply Bitcoin. Live.
1:02:31
Peace out everybody. Take care.
1:02:34
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