Latest / Simply Bitcoin / $809B Investment Firm Confirms US Strategic Bitcoin Reserve!? | EP 1185

Transcript

$809B Investment Firm Confirms US Strategic Bitcoin Reserve!? | EP 1185 · Simply Bitcoin

• 0:00
  Yo, there's been a lot of talk about a strategic Bitcoin
• 0:04
  reserve in the United States and more recently, Bitcoin
• 0:07
  potentially being added to the recently announced US sovereign
• 0:12
  wealth fund. A Bernstein report dropped
• 0:15
  yesterday emphasizing the US Crypto Task Force is focused on
• 0:22
  rolling out a national Bitcoin Reserve.
• 0:25
  Not a digital. Asset reserve and how that could
• 0:29
  be used to potentially pay off EU s s $36 trillion debt.
• 0:36
  I know it all sounds very complicated, but it's much
• 0:40
  simpler it the the solution is much simpler than it sounds.
• 0:44
  Here is Preston Pish explaining just that.
• 0:49
  Hey guys. So I'm going to be talking about
• 0:51
  bit bonds and why I think that this is a really important topic
• 0:55
  and very few are covering it or even mentioning this idea.
• 0:59
  So when we look at what the country, the US has do in the
• 1:04
  coming 12 months, it's maybe as high as $9 trillion that they've
• 1:09
  got to finance in the coming 12 months.
• 1:11
  This is nuts, OK? This amount of debt that they're
• 1:17
  going to have to issue is totally crazy.
• 1:20
  And when we look at what happened over the past 12
• 1:22
  months, so much of this issuance that came from Janet Yellen and
• 1:27
  the past administration was just kicked one year into the future.
• 1:31
  And I would argue most of the reason that you that they were
• 1:34
  doing that is because they didn't really have an appetite
• 1:36
  to buy on the long end like long duration bonds, call it 1020,
• 1:41
  thirty years in duration. And so that's why they had to
• 1:44
  move to this 12 month or less issuance.
• 1:48
  So the two, the, the amount here, 7 trillion of this is just
• 1:53
  because of all the issuance that they did over the past year
• 1:55
  that's coming due. And then if you account for the
• 1:59
  potential of a $2 trillion deficit happening this coming
• 2:03
  year, which there's, you know, whether Doge and Elon are able
• 2:07
  to get that number down, I don't know.
• 2:09
  But I think we just kind of plan for that getting realized that
• 2:12
  that's what brings it to about $9 trillion.
• 2:15
  So regardless, this number is huge and how can you start
• 2:21
  issuing bonds that are longer duration without with there
• 2:26
  being actual market free and open market demand for buying it
• 2:29
  is the real question. And so enter the the bit bond.
• 2:34
  And so I would highly encourage people, I'm going to share
• 2:37
  underneath of this video the the tweet from Brian Estes.
• 2:42
  This is a page and a half. It's super easy to read.
• 2:44
  It's super straight to the point, really well written.
• 2:48
  And I would highly encourage people to read this because it's
• 2:50
  it's really thoughtfully constructed the way that they
• 2:53
  laid this out. And it's simple, if you issue
• 2:57
  let's say $100 billion worth of bonds, you take 1% of what's
• 3:02
  raised in that issuance and you buy Bitcoin with it.
• 3:05
  You hold it, let's say it's a 10 year bond, you hold that Bitcoin
• 3:08
  for 10 years and at the time of the maturity and you have to pay
• 3:12
  back the 100 billion, the 1% of that's going to be paid in
• 3:15
  Bitcoin. So and the other 99% would be in
• 3:20
  Fiat cash. So what I think this does is
• 3:24
  this, that 1%, let's say Bitcoin goes to a million over that 10
• 3:29
  year period of time or more and you bought it at 100 at this
• 3:34
  100,000 price today. That's a 10X growth rate in that
• 3:39
  1%, which would then make up 10% of the overall issuance of that
• 3:45
  $100 billion, which is really exciting for the person who
• 3:50
  would have, you know, been sitting on that, on that bond or
• 3:54
  purchased that bond. So this just creates, in my
• 3:58
  opinion, a new interest. It reinvigorates the idea for
• 4:02
  anybody that has a mandate to own sovereign debt.
• 4:05
  I think that this would this would create a lot of interest
• 4:08
  that's not there right now. In fact, I think most people are
• 4:11
  doing the numbers and doing the math and saying I need to stay
• 4:14
  as far away from this stuff as possible.
• 4:16
  But something like this is a very creative solution.
• 4:19
  It's a really simple solution that I think.
• 4:24
  Absolutely, and let's take a look at what Preston was
• 4:27
  referring to. Here is the post itself from
• 4:30
  Brian Estates. U.S.
• 4:31
  Treasury BIT bonds could drive interest rates to near 0%.
• 4:38
  Read the page two of the white paper here.
• 4:41
  In summary, the BIT bonds will generate substantial cash flow
• 4:45
  into the US Treasury while simultaneously driving interest
• 4:49
  rates to 0, which will fuel the Trump economic recovery plan and
• 4:54
  help Americans by lowering the risk free interest rate in the
• 4:58
  bond market. This new class of Treasury debt
• 5:01
  instrument comes with the minimus risk to the government
• 5:06
  and market participant are participants.
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  Bit bonds are the bridge to transition to the new era of
• 5:12
  American exceptionalism led by President Trump and the Treasury
• 5:16
  Secretary Scott Besant. So it goes on to say it shows
• 5:21
  the, you know, it shows a, a chart of what's going on here
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  and two things are happening simultaneously, which is what I
• 5:30
  was saying in the in the very beginning.
• 5:32
  I actually been listening to a lot of podcasts and a lot of,
• 5:36
  I've been doing a lot of research on the strategic
• 5:38
  Bitcoin reserve. I actually heard Pompliano talk
• 5:41
  about this. I think it was a video that he
• 5:43
  dropped yesterday where he said he is extremely confident that
• 5:48
  the strategic Bitcoin Reserve is going to happen and that it's
• 5:51
  going to be Bitcoin only. And I and I and I would agree.
• 5:55
  And here is a Yahoo Finance article that says US crypto task
• 5:59
  force to focus on delivering national Bitcoin reserve.
• 6:03
  Here's Saylor, of course, tweeting every state should have
• 6:06
  a strategic Bitcoin reserve. It goes on to say the US crypto
• 6:09
  task force will focus on starting a national Bitcoin
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  reserve, a move that is likely to spur similar efforts
• 6:16
  worldwide, broker Bernstein said in a research report Monday.
• 6:21
  Quote a creation of AUS Bitcoin reserve could lead to a global
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  race among sovereigns to buy Bitcoin.
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  As one of the reserve assets analyst led by Guan Chung.
• 6:32
  I can't pronounce that. I apologize.
• 6:34
  The formation of a strategic Bitcoin reserve poses a number
• 6:37
  of structural questions, the report said.
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  Will the US Federal Reserve or the Treasury buy Bitcoin if the
• 6:43
  Fed. That would require legislative
• 6:45
  approval, the report noted. How would the Fed fund
• 6:48
  cryptocurrency purchases? Bernstein said it could issue
• 6:51
  debt or sell some of its gold reserve. the US government could
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  add the 20 billion in Bitcoin it has seized from criminal
• 6:58
  enterprises to any national reserve, the report said.
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  The broker noted that the Trump administration also announced
• 7:05
  the creation of a sovereign wealth fund.
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  Such a fund would consider key US crypto companies slash market
• 7:12
  leaders as strategic assets to own.
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  Investors should position themselves for the next leg of
• 7:19
  the bull market across Bitcoin and Bitcoin linked equity.
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  So extremely bullish overall, right?
• 7:27
  Talk about the sovereign wealth fund.
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  Of course Bitcoin is going to be included in that part of the the
• 7:33
  organizers of the sovereign wealth fund is Howard Lupnik.
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  Howard Lupnik is the chairman of counter Fitzgerald.
• 7:40
  Counter Fitzgerald manages the the money for Tether in the
• 7:44
  United States. And he's also been seen in the
• 7:47
  video on Anthony Pompliano's podcast where he says I own 10s
• 7:52
  of millions of dollars of Bitcoin and I plan to buy
• 7:55
  hundreds of millions of dollars worth of Bitcoin.
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  And of course the the man behind the strategic Bitcoin reserve is
• 8:02
  David Sachs, the so-called AI and Cryptozar at the White
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  House. So I think that even with the
• 8:10
  executive order that I think a lot of people were let down
• 8:14
  with, I still think that it, it's definitely happening.
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  And I definitely, I see it happening in 2025.
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  I think we're going to have AUS strategic Bitcoin reserve.
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  And I think all, all other countries around the world that
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  are watching what the United States is doing are not going to
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  have a choice but to follow in the footsteps or, you know,
• 8:32
  potentially getting left behind. And you definitely don't want to
• 8:35
  do that from a strategic level. Now, this is extremely
• 8:38
  interesting because this is actually the case that Senator
• 8:42
  Cynthia Lummis made when I recorded a podcast with her, I
• 8:46
  think two or three weeks ago in DC around the days around the
• 8:50
  inauguration. She was basically making the
• 8:52
  same case that look, you can use Bitcoin to pay off some of the
• 8:57
  debt that the United States has. And this is essentially what
• 9:02
  these bit bonds are, you know, advocating to do as well.
• 9:07
  It seems like Bitcoin wherever you implement it, where if you
• 9:11
  add it, if you're a small business and you add Bitcoin to
• 9:15
  your treasury strategy, if you're a large business, if
• 9:18
  you're a micro strategy, if you're a meta planet, if you're
• 9:22
  a country, it seems like any it seems like Bitcoin fixes things
• 9:27
  the way that I see it right. So today we have a very special
• 9:31
  guest on the show. We have Sidra Sidra is the CEO
• 9:35
  and founder of Adam's Adam's shoes.
• 9:38
  They're super comfortable. If you guys remember this, they
• 9:41
  released a special edition Bitcoin pair and it had a
• 9:46
  Bitcoin logo. I definitely got a couple pairs
• 9:48
  myself and they're incredibly comfortable.
• 9:51
  So huge fan of of their products and the stuff that they make and
• 9:55
  they potentially might be releasing some more Bitcoin
• 9:59
  merchandise in the future. So CJ, you were talking about
• 10:02
  before we went on air about how you've implemented Bitcoin into
• 10:06
  your startup, into your company and how it's actually helped you
• 10:10
  guys tremendously. Yeah.
• 10:13
  First of all, guys, thank you so much for inviting me and just by
• 10:17
  listening to, you know, the kind of news and things you guys
• 10:20
  shared, it's really exciting. First of all, thank you so much
• 10:24
  for doing that. So for Atoms, actually we are a
• 10:29
  shoe company who is focused on making innovative shoes for
• 10:33
  everyday. And we launched our Bitcoin
• 10:36
  shoes in 2020. And interestingly, we actually
• 10:40
  did collaboration with POM Pomp. He has been very, very generous
• 10:46
  since the beginning for us. And I mean, even when we were,
• 10:50
  you know, we were just launching.
• 10:52
  So I know him since last six years.
• 10:57
  So for, for Adams, actually, the reason we did launch Bitcoin
• 11:01
  shoes was because when, you know, people were talking about
• 11:05
  Bitcoin, the idea of financial freedom, that actually resonated
• 11:09
  with me a lot personally, because I'm, I'm an immigrant
• 11:12
  founder from Pakistan, women founder.
• 11:14
  And you know, for me, the first concept was of course, like you
• 11:19
  were hearing a Bitcoin news here and there, like I, I was part of
• 11:24
  Y Combinator and from tech community.
• 11:25
  So I knew about this, but I never had the money to buy a
• 11:30
  Bitcoin for myself until I started receiving my salary in
• 11:34
  2020, actually 2019, end of 2019.
• 11:38
  And then the first investment that I had was actually buying
• 11:42
  some Bitcoin that I could afford at the time.
• 11:45
  And I have a team member who is really bullish about Bitcoin.
• 11:50
  So I was telling you guys like every time someone joins Adams,
• 11:54
  he always say like hey, best of the best investment you can do
• 11:58
  is in Bitcoin. So, you know, so building from
• 12:02
  that, actually he have been pushing us to invest some
• 12:07
  reserve cash into Bitcoin. And earlier, you know, we in
• 12:13
  startup world, you know, the usual thing is you give your
• 12:15
  reserve cash to bank or someone who managed finance and then,
• 12:19
  you know, you get some, some money month over month.
• 12:24
  And then, you know, one day he sat down and he said like, look
• 12:27
  like if we could have invested this much money in Bitcoin by
• 12:30
  this time, we could have got like, you know, 10X better
• 12:34
  return on our cash. So since then we started
• 12:38
  investing, you know, whatever little bit money, you know, we
• 12:41
  save or we get profit from our business in Bitcoin.
• 12:45
  And the unfortunately now we are holding as a company some
• 12:50
  bitcoins. And the whole idea that we are
• 12:54
  doing is like we should keep investing more as much as we
• 12:56
  have reserve cash. And I think, I think as I'm also
• 13:02
  like following the news, I, I think that it's going to be
• 13:05
  much, much bigger in next 5 to 10 years.
• 13:09
  And we also want to invest on this, not from like from
• 13:13
  business perspective, but also we want to be part of this
• 13:16
  community because I think Bitcoin community, they are not
• 13:20
  just working on, you know, thinking about creating a wealth
• 13:24
  for themselves, but I think this is something they are creating
• 13:28
  such a revolutionary thing for the entire society.
• 13:31
  And now we are talking about, you know, American government is
• 13:34
  involving, I think they are, they are quite late, but but you
• 13:38
  know, I think still it's so much better to be involved in
• 13:41
  something that can be really big as an asset in future.
• 13:44
  Absolutely, and I love how you are implementing this into your
• 13:49
  smart, your small business, your startup.
• 13:51
  You mentioned you're taking your salary in Bitcoin, which is
• 13:54
  absolutely badass. You released a special edition
• 13:57
  Adam shoe, which so many it's so popular, it's so much of the
• 14:01
  Bitcoin community. So I just want you guys to get
• 14:04
  like a bird's eye view of what's happening.
• 14:07
  You're, you're seeing Bitcoin being potentially adopted on a
• 14:11
  nation state level, on a state level, on a small business
• 14:15
  level. Of course, you know, we're,
• 14:16
  we're a, we're a small Bitcoin media company.
• 14:19
  So of course we have a, we have a Bitcoin treasury strategy,
• 14:23
  right? And of course a lot of our, a
• 14:25
  lot of our employees get paid in Bitcoin directly as well.
• 14:29
  So yeah, it, it, it, you know, Bitcoin helps you if you're a
• 14:33
  small business, if you're just getting started, runway is very
• 14:37
  important. And it just makes your runway
• 14:38
  bigger. Like it's a cheat code.
• 14:40
  It really, really is. So really happy to have C drawn
• 14:43
  on today's show. We're going to be talking about
• 14:46
  Atoms later on during the culture segment.
• 14:49
  You guys have to get these pairs of shoes.
• 14:52
  They're incredibly comfy. If you see me around Bitcoin
• 14:55
  conferences, there's an 80% chance that I'm wearing them.
• 15:01
  Specifically the model 0000, which is super, super comfy.
• 15:06
  I don't really wear the Bitcoin ones these days because they're
• 15:09
  special edition and I want to keep them MIT or like close to
• 15:12
  not so worn out. But anyways, Opti, what's your
• 15:16
  take on this man? It it's pretty crazy.
• 15:18
  Bitcoin bonds. I mean, we are we are hearing
• 15:21
  about this in El Salvador, you know how the volcano bonds on
• 15:26
  Naimbu Kele was going to use the the some type of volcano, some
• 15:30
  type of Bitcoin bond to pay off the debt.
• 15:33
  Now you're hearing something very similar happening in the
• 15:36
  United States. Preston had such a great
• 15:39
  breakdown of what was happening. So I want to get your thoughts
• 15:42
  on this Opti and also additional news.
• 15:46
  It looks like the sovereign wealth fund is happening.
• 15:49
  I mean, I heard this this video from Pomp yesterday and he
• 15:53
  sounded extremely confident. Bernstein sounds extremely
• 15:57
  confident about it happening as well.
• 15:59
  And again, no one's better than their incentives.
• 16:02
  And if you see, look, we got someone in the chat as well.
• 16:05
  Kira says, I've bought some Adams in the past.
• 16:07
  They're so comfy. Absolutely agree.
• 16:10
  So Opti, I want to get your thoughts on this.
• 16:11
  It looks like the sovereign wealth fund is happening, and it
• 16:14
  looks like it's going to be Bitcoin only.
• 16:17
  Yeah. Well, First off, I do want to
• 16:18
  comment on a Cedras, whoever the person at Adams that is a bit
• 16:23
  corner. You love to have just a bit
• 16:24
  corner at the company and he's obviously making the company
• 16:28
  that much more profitable. So you love it.
• 16:30
  It just goes to show like bit corners are everywhere.
• 16:32
  That was the first thing I wanted to say.
• 16:33
  The second thing is, Nico, can you pull up that white paper for
• 16:36
  the Brian Estes tweet? And I I want to see the chart,
• 16:40
  the second page. So, you know, recently, I think
• 16:44
  personally, I did kind of get and, and yeah, zoom in a little
• 16:46
  bit. I do want to comment on this,
• 16:49
  you know, on a personal level, I think I did kind of get caught
• 16:51
  up on a strategic Bitcoin reserve.
• 16:53
  The narrative around a strategic Bitcoin reserve.
• 16:55
  I think it would be huge for like international interest,
• 16:59
  global interest coming into Bitcoin.
• 17:01
  It would be a very digitizing moment if the US government does
• 17:05
  add a strategic Bitcoin reserve or when they do a sovereign
• 17:08
  wealth fund and they add Bitcoin to it.
• 17:10
  We know that sovereign wealth funds around the world now are
• 17:12
  actually adding Bitcoin to their sovereign wealth funds with
• 17:15
  Bitcoin. And you know, all of this I
• 17:18
  think is, is, and I hate using the term, but it is legitimizing
• 17:21
  the Bitcoin movement. We all know now that
• 17:23
  institutions are here, they want Bitcoin.
• 17:26
  So if you're selling your Bitcoin, you're most likely
• 17:27
  selling it to institutions. But with all that being said, in
• 17:30
  the past couple of weeks, I think I've gotten a little more
• 17:33
  bearish on a strategic Bitcoin reserve.
• 17:35
  I, I don't think it's necessarily as big as we think
• 17:39
  it would in terms of price movement, but it is very much a
• 17:42
  very strong narrative around Bitcoin.
• 17:45
  And if the US does legitimize Bitcoin, they start to save in
• 17:49
  Bitcoin, you know, strategic Bitcoin reserve, then that would
• 17:51
  be huge for the world, or rather huge for our world in Bitcoin.
• 17:56
  But I think this Bitcoin bond thing might even be an like a
• 18:01
  extraordinarily bigger idea than a strategic Bitcoin reserve.
• 18:05
  And I'm saying that because if you look at this chart kind of
• 18:08
  breaking this down a little bit, if you guys watch the whole
• 18:10
  Preston pitch video, he breaks this down better than I could.
• 18:13
  But essentially the TLDR here, you know, the, the short summary
• 18:16
  of this is if you see this, I think it's blue.
• 18:18
  I'm color blind. Maybe it's purple, I don't know.
• 18:21
  I don't know what color it. Is it purple or blue?
• 18:23
  You can see the US federal debt, debt has been on an 8% kegger or
• 18:28
  compounding out annual growth post 2008.
• 18:31
  And as you can see it's damn near going parabolic.
• 18:34
  Now if you look at this red line here is the price insensitive
• 18:39
  buying of U.S. Treasuries is flat to down since
• 18:42
  2014. Essentially, just to very simply
• 18:45
  break this down is as the US issue issues more debt, the red
• 18:50
  line shows that interest in buying these these Treasury
• 18:53
  assets, these sovereign debt assets are going absolutely
• 18:56
  sideways, which means basically no one is interested in treasury
• 19:00
  as we been covering for a long time.
• 19:02
  The interest around buying U.S. debt has, you know, it's not
• 19:06
  there anymore. And even though the issue more
• 19:08
  debt, it doesn't seem like there's new buyers in the
• 19:11
  market. So again, interest rates, you
• 19:13
  can just kind of break it down to interest in buying these
• 19:16
  debts. And I'm, I'm not the most, you
• 19:18
  know, the technical person here. I usually kind of reserve this
• 19:22
  to someone more like CJ Constantinos.
• 19:24
  He's been killing it on this idea of Bitcoin bonds and the
• 19:27
  People's Reserve Bank. And of course, my boy Nolan.
• 19:30
  And he's been, they've been kind of talking about that.
• 19:32
  I think this Bitcoin bond idea is the more interesting idea of
• 19:37
  how, you know, The Dirty word of financializing Bitcoin will play
• 19:40
  out. As we heard from Preston Pish,
• 19:43
  if these new Treasury Bitcoin bond assets do get issued, they
• 19:47
  will buy a certain portion bit in Bitcoin.
• 19:50
  And of course, as we all know, the number will go up and that
• 19:53
  small 125 percent of Bitcoin bought in these treasuries are
• 19:58
  obviously going to go up who knows what in the next decade or
• 20:00
  210, you know, 20X etcetera. And this seems like a more
• 20:04
  viable route of how they can actually use Bitcoin to pay off
• 20:08
  their national debt or to acquire more Bitcoin.
• 20:11
  So this Bitcoin bond idea to me personally.
• 20:14
  I think it's way more bullish than a strategic Bitcoin
• 20:16
  reserve. Obviously, sovereign wealth
• 20:18
  funds buying Bitcoin, the US adding Bitcoin to their national
• 20:21
  strategic reserve, all that would be a very strong narrative
• 20:24
  around Bitcoin. But this idea of a Bitcoin bond,
• 20:28
  to me seems like a more legit and simple way for Bitcoin to be
• 20:33
  financialized. And so this is something I think
• 20:36
  we should keep an eye on. Obviously, we don't know what's
• 20:38
  going to play out, but I do love that Preston Pitch is out here
• 20:41
  and talking about this. And so hopefully more people
• 20:44
  take this seriously, hopefully the politicians, the Treasury,
• 20:46
  et cetera, they, they don't just kind of get, you know, glossy
• 20:50
  eyed here and be like, look, that's, that sounds too
• 20:53
  complicated to me. I think Bitcoin bond is a better
• 20:56
  route to financialize Bitcoin and we'll see how this plays
• 21:01
  out, but I I really I really like this idea of Bitcoin bonds
• 21:04
  much more than a strategic Bitcoin reserve or even just
• 21:07
  adding Bitcoin to a sovereign wealth fund.
• 21:10
  This sounds like a more interesting product.
• 21:13
  This is a good way to get interest into the system,
• 21:15
  obviously, and Bitcoin basically injecting and and I hate to say
• 21:20
  it but saving the dollar and I know I'm the anti dollar guy
• 21:24
  here. I'm the one that's like
• 21:25
  Bitcoin's going to replace the dollar.
• 21:27
  But I think we all knew that this moment was going to come
• 21:30
  where people are going to try to find and use Bitcoin in a way to
• 21:34
  help themselves. Like we heard here from Sidra
• 21:35
  and us here, you know, we're small businesses and we know
• 21:38
  what Bitcoin's done for our company.
• 21:40
  And to me, this sounds like a more viable route for nation
• 21:44
  States and other, you know, huge institutional capital to use
• 21:48
  Bitcoin in a way that doesn't necessarily hurt or hamper the
• 21:52
  adoption of Bitcoin. So Bitcoin bonds is very
• 21:55
  interesting to me. Absolutely 100% I mean, and it's
• 22:00
  it's it's extremely interesting because it's there's so many
• 22:03
  different ways that Bitcoin is being used to just put it simply
• 22:09
  like not complicate things to fix things right, to fix the
• 22:13
  messes that was created by the Fiat system.
• 22:16
  So you know, this is a very this very interesting development
• 22:20
  that's happened as well and really excited to see where this
• 22:23
  goes. And again, guys, just to kind of
• 22:26
  to give you guys a reminder, this is an addition to the
• 22:31
  Bitcoin strategic reserve. This is an addition to the
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  Bitcoin act. This is an addition to the
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  sovereign wealth fund. This is an addition to the state
• 22:39
  level strategic Bitcoin reserves, right?
• 22:42
  So, and again, these are all things that are happening
• 22:46
  individually simultaneously, which is extremely, extremely
• 22:50
  exciting. Bitcoin truly does fix things.
• 22:53
  Anyways, I do want to give a shout out to the almost 2000 of
• 22:56
  you guys watching live across all platforms.
• 22:59
  I want to give a shout out to the Rumble audience as well.
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  If you're watching us on YouTube, make sure to smash that
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  so smash the like button. If you guys are enjoying the
• 23:15
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  today. All right everybody, at the time
• 26:24
  of recording the Bitcoin price is $94,150, Block height 884,350
• 26:32
  SAT's per Dollar 1062 market cap 1.87 Trillion Bitcoin versus
• 26:37
  Gold market cap 9.08% Percentage issued 94.4%, decline from all
• 26:43
  time high -13% negative 13.7% and realized monetary inflation
• 26:50
  .99 Percent. The monetary inflation rate of
• 26:53
  Bitcoin is below 1%. Anyways, I thought this was
• 26:57
  really, really interesting. Michael Saylor's 21 rules for of
• 27:02
  Bitcoin. And I want to talk to Sidra
• 27:05
  about this and I want to talk to Opti about this.
• 27:07
  I want to get your thoughts on these so-called 21 rules of
• 27:12
  Bitcoin from Michael Saylor. And it's actually pretty funny
• 27:16
  because someone wrote a 21 realities of Bitcoin responding
• 27:21
  to it. I don't know if we'll have
• 27:22
  enough time to to get through all of that, but let's stick
• 27:26
  with sailors first. So first, number one, rule.
• 27:29
  Those who understand buy Bitcoin.
• 27:33
  Those who don't criticize Bitcoin #3 everyone is against
• 27:37
  Bitcoin before they're for it #4 you will never be done learning
• 27:41
  about Bitcoin #5 Bitcoin is powered by chaos.
• 27:44
  Number six, Bitcoin is the only game in the casino that we can
• 27:48
  all win #7 Bitcoin is the only thing in the universe that you
• 27:52
  could truly own #8 Everyone gets Bitcoin at the price they
• 27:55
  deserve #9 Only only buy Bitcoin with the money you can't afford
• 28:00
  to lose #10 Tickets to escape the matrix are priced in Bitcoin
• 28:05
  #11. Bitcoin insight is restricted to
• 28:08
  those with a need to know #12 All your models will be
• 28:12
  destroyed #13. The cure to economic I'll is the
• 28:15
  orange pill #14B for Bitcoin, not against Fiat #15.
• 28:21
  Bitcoin is for everyone #16 Learn to think in Bitcoin #17.
• 28:26
  You can't change Bitcoin, it changes you #18 Laser eyes
• 28:30
  protect you from endless lies #19 Respect Bitcoin or we'll
• 28:35
  make a clown out of you #20 Net do you?
• 28:38
  Do not sell your Bitcoin #21 spread Bitcoin with love.
• 28:43
  Moving on to the John Carvalho 21 realities.
• 28:48
  I think this is going to be a little bit savage but #1 the
• 28:51
  great majority of people do not understand Bitcoin, including
• 28:54
  owners of it. But everyone understands wanting
• 28:56
  to get rich #2 The best critics of Bitcoin are its own experts
• 29:01
  #3 Criticizing Bitcoin does not mean you're against it.
• 29:05
  Bitcoin is not a team or not everyone needs to care about
• 29:08
  your passions #4 Bitcoin books suck.
• 29:11
  Most podcaster education sucks. Learn about how Bitcoin works,
• 29:16
  how networks works, and ignore all the BS predictions about the
• 29:19
  future #5 Bitcoin is powered by consuming electricity.
• 29:24
  It is certainly not a a battery. Number six, the future is
• 29:28
  unpredictable and Bitcoin offers no guarantee of liquidity when
• 29:32
  you need it at the price you prefer #7 You can own anything
• 29:36
  you can physically defend or destroy without consequence from
• 29:40
  others. In Bitcoin, you own keys alone.
• 29:43
  Everything else is uncertain #8 Bitcoin gains are diminishing
• 29:47
  over time, benefiting early adopters more than newer ones.
• 29:50
  Similar to a Ponzi scheme without a leader, it is easier
• 29:54
  for rich people to get richer from Bitcoin than for poor
• 29:57
  people too #9 savings or that's a that's a hard Do you wanna, do
• 30:01
  you guys wanna comment on that one, Otti?
• 30:04
  What was it? Sorry, I was.
• 30:05
  Doing Bitcoin's gains are diminishing over time,
• 30:08
  benefiting early adopters more than the newer ones.
• 30:11
  Similar to a Ponzi scheme without a leader, it is easier
• 30:14
  for rich people to get richer from Bitcoin than for poor
• 30:16
  people too. I mean, I don't disagree.
• 30:20
  I've been joking for a long time that, you know, as much as
• 30:22
  people call Bitcoin a Ponzi, we always flip it on his head and
• 30:25
  it's like, yeah, it's a Ponzi for the people.
• 30:27
  So like, yeah, I mean, and it kind of goes back to the classic
• 30:31
  trope of gold that, you know, you don't you don't save in gold
• 30:35
  to get rich, you save in gold to stay rich.
• 30:39
  And so it's kind of a, you know, a classic trope here that like
• 30:42
  Bitcoin, I think is very similar.
• 30:44
  And I, as much as I don't like the diminishing return memes,
• 30:47
  I'm, I'm kind of more of an S curve adoption of Bitcoin type
• 30:49
  of guy. The, the standard idea is that
• 30:52
  we are going to see continuously diminishing returns as Bitcoin
• 30:56
  does kind of become a more stable asset and more people do
• 30:59
  get involved. But I still think we have a lot
• 31:02
  of room to run as far as I'm concerned, when I talk to most
• 31:05
  people, most people that I've encountered, they don't
• 31:07
  understand Bitcoin at all. So maybe #1 is right.
• 31:10
  You know, they don't understand Bitcoin, but they understand
• 31:12
  wanting to get rich. And I, you know, I, I mentally
• 31:15
  fight against the diminishing returns because I, it just, when
• 31:20
  I talk to people, it doesn't seem like there's that many
• 31:22
  people that are actually in Bitcoin.
• 31:25
  And even if they are in Bitcoin, they might get lost in the
• 31:27
  crypto land. So I don't know.
• 31:29
  I obviously I still have to weigh this is something that we
• 31:32
  will only see after the fact and be like, yeah, you know,
• 31:35
  diminishing returns was right. Maybe S curve adoption is on a
• 31:38
  longer time frame, but I I don't think he's wrong.
• 31:42
  You know it. It sounds horrible, but I don't
• 31:44
  think John Carvalho is wrong on this one.
• 31:46
  So I have. Go ahead, Sir.
• 31:49
  Just really quick, I, I think I have the most I agree here is
• 31:53
  benefiting early adopter. And this is true in any
• 31:56
  industry, you know, and I think rest of this stuff that he's
• 31:59
  talking about, I understand, you know, from where we stand right
• 32:04
  now, when we look back, it makes sense.
• 32:06
  But we, we don't know where it's gonna go.
• 32:09
  And I think the future is like such big with Bitcoin.
• 32:13
  So imagine like, you know, if someone would say like you are
• 32:16
  buying a land in New York, like, you know, 50 or 100 years ago,
• 32:21
  and then the price in 10 years is, you know, 10X what you
• 32:25
  bought now, people would say like, OK, you, you know, this is
• 32:28
  the maximum you you could go. But now look at like where
• 32:31
  prices are. So that's how I look at Bitcoin.
• 32:34
  And I think like the only true thing here, which I see at the
• 32:37
  moment is benefiting early adopter more.
• 32:41
  And, and also, I mean, I don't want to give myself this, you
• 32:45
  know, notion that, oh, I came later so I can get benefit out
• 32:49
  of this. And I'm a big believer that
• 32:50
  Bitcoin is for everyone. So yeah.
• 32:52
  I I 100% I, I do agree with that.
• 32:55
  Bitcoin is for everyone. If you guys agree with John
• 32:59
  Cavallo's number 8, and I'm going to read it one one more
• 33:02
  time for you guys, Bitcoin's gains are diminishing over time,
• 33:05
  benefiting early adopters more than new ones.
• 33:07
  If you guys agree with that, put one in the chat.
• 33:10
  If you disagree with that, put two in the chat.
• 33:13
  Anyways #9 says savings requires a goal of saving for a special
• 33:17
  outcome. Otherwise you're just hoarding,
• 33:19
  which is irrational. Do not speculate with money that
• 33:22
  you might need for more important things #10 there is no
• 33:26
  matrix and no escape. I think he's wrong there #11
• 33:30
  Bitcoin insight requires listening to the right people by
• 33:33
  discerning insight from BS pumper talk #12 good models
• 33:38
  represent reality, not define it.
• 33:40
  Almost no one has attempted to earnestly model Bitcoin, whether
• 33:43
  through economics, game theory, etcetera #13 the cure to
• 33:47
  economic I'll is to produce more things people want and less
• 33:51
  things people don't want. I fundamentally agree with this
• 33:54
  one. What do you think about that
• 33:56
  one, Cedra? I completely agree with that
• 34:01
  too, yeah. Right.
• 34:03
  It's like the basis of capitalism.
• 34:04
  It's the basis like that that you don't, you people don't get
• 34:08
  rich because the the more money is printed.
• 34:10
  People get rich because people are producing things, right?
• 34:13
  Are making things right or people get wealthier and and it
• 34:17
  and people get wealthier as a whole.
• 34:18
  Society gets wealthier as a whole.
• 34:21
  So I agree with that one 100%. Number 14 being for Bitcoin is
• 34:25
  automatically an offense to government Fiat as all Fiat
• 34:29
  compete for distribution with other monies and credit.
• 34:33
  Bitcoin is for everyone, not everyone.
• 34:35
  Bitcoin is for anyone, not everyone, because it does not
• 34:39
  scale by design. I think I think so.
• 34:43
  OK, so this is how I feel about that.
• 34:44
  This one, I think it is for anyone, but from experience, and
• 34:50
  I've been doing this for nine years.
• 34:52
  I've been telling people about Bitcoin for a long time and not
• 34:55
  everyone has wanted to adopt it, even though I've told anyone,
• 34:59
  anyone could download a Bitcoin wallet.
• 35:01
  And in regards to the scaling debate, I think Bitcoin's going
• 35:05
  to scale on a second layer. I don't think it's going to
• 35:08
  scale on the first layer, and that doesn't mean that Bitcoin
• 35:11
  can't be used on the second layer.
• 35:12
  I think most people are going to be using Bitcoin on the second
• 35:15
  layer. So Let's 16 says learn to think
• 35:20
  and be skeptical of Bitcoin. Evangelist.
• 35:22
  Bitcoin is for censorship resistance #17 Bitcoin is too
• 35:26
  easy to change because users accept Bitcoin core governance
• 35:29
  over the code and do not understand anything that happens
• 35:32
  in that level #18 Laser eyes failed the first time and a lot
• 35:36
  of people got wrecked #19 Don't act like a clown Ponzi salesman.
• 35:41
  The people can tell the people can tell will not respect you or
• 35:45
  Bitcoin #20 do whatever the F you want with your Bitcoin.
• 35:49
  That is what it's for. Spending is literally the only
• 35:52
  thing you could do with it anyway #21 Be careful
• 35:55
  evangelizing Bitcoin. Humans are prone to gambling and
• 35:58
  emotional about money. Your advice could be
• 36:01
  misinterpreted and lives could be ruined if people have bad
• 36:04
  timing or I'm or impulsive. I mean very.
• 36:08
  I mean you know it's completely contract.
• 36:12
  You know, it contradicts Fix a little bit of what Sailor's
• 36:14
  saying. I mean Opti, which one's your
• 36:16
  favorite guys? Do you like John Carvalho's
• 36:18
  more? If you do, press 2 in the chat.
• 36:21
  If you like Michael Saylor's 21 rules, put one in the chat.
• 36:27
  I'm going to start off with Sidra.
• 36:28
  Sidra, which rules do you prefer?
• 36:30
  I love Michael Saylor rules because that's what I'm also
• 36:34
  trying to follow in my company. And I think for John, I agree
• 36:40
  probably 10 to 15% and rest I need to understand a bit more
• 36:44
  because I think he's coming from a place, but I don't completely
• 36:48
  understand that. What is that?
• 36:50
  Some of them were like very, very subjective and I, I, I, I
• 36:55
  don't understand them. 100% Opti.
• 36:59
  What's your what's your take on this, my friend?
• 37:01
  Do you prefer Sailors rules or do you prefer John Carvalho's
• 37:05
  rules? I like both of them.
• 37:07
  I'm you know, I hate to do that. Both meme here because I'm I'm
• 37:11
  kind of cheating on which one I like more.
• 37:13
  But like just kind of comparing them.
• 37:15
  The sailor ones do seem a little more rhetorical.
• 37:18
  And if you guys don't know who John Carvalho is, he's been
• 37:20
  around Bitcoin for a long time. He was a part of, you know, he
• 37:23
  did the emphasis of be cash, be cash be cash was Roger Burr.
• 37:27
  So he's been around for a long time in the Bitcoin space.
• 37:30
  He's a builder. He's working on, I believe it's
• 37:32
  synonym lightning wallet. So he he's a builder as well.
• 37:36
  And so I do kind of like John Cavallo's more sober take here.
• 37:40
  You know, this is like from a long time Bitcoin builder,
• 37:43
  someone that's been in the space for a long time.
• 37:45
  It is more of like a sober take on a lot of this stuff and it it
• 37:48
  doesn't feel as good, but the sailor rhetoric does sound good
• 37:52
  and I really enjoy that. But my favorite 1 though, is
• 37:56
  which one is it number? No, wait, can you zoom in here a
• 37:59
  little bit, Nico? Yeah, which one?
• 38:01
  Which? One sailors on sailors, my
• 38:03
  favorite rule is which one is it?
• 38:07
  The one that is like saving Bitcoin for what you #9 #9 only
• 38:13
  buy Bitcoin. Where'd it go?
• 38:14
  Only buy Bitcoin with the money you can't afford to lose.
• 38:17
  I absolutely love this one because it is kind of a counter
• 38:22
  meme to something we've been saying in the Bitcoin space for
• 38:24
  a long time. And I think it started with
• 38:26
  Andre Santanopoulos originally where it's like only put and
• 38:29
  when you hear this all the time in the quote UN quote crypto
• 38:31
  space and Bitcoin space for a long time is like only put
• 38:34
  enough money in Bitcoin that you can afford to lose.
• 38:37
  And I like this like flipping that meme on its head and say
• 38:40
  only buy Bitcoin with the money you can't afford to lose, which
• 38:43
  really kind of goes into this idea of the store of value
• 38:47
  protecting your purchasing power of Bitcoin.
• 38:49
  And so I think that's like the strongest rule out of here.
• 38:52
  And it's kind of flipping the memetics on its head based on
• 38:55
  what you usually say to other people, because when you say,
• 38:58
  hey, only put enough money in Bitcoin that you can afford to
• 39:00
  lose, it does kind of sound like a gamble.
• 39:03
  And you know, you're, you're just speculating on Bitcoin, but
• 39:05
  this one, it sounds a lot stronger to me.
• 39:08
  Only buy Bitcoin with the money you can't afford to lose.
• 39:10
  And then people are like, wait, what?
• 39:11
  Like what are you talking about? And it's like, well, you know,
• 39:13
  number go up. Bitcoins, the perfect store of
• 39:16
  value. It's going to maintain it's
• 39:18
  purchasing power over time. Obviously it's going to go up
• 39:20
  over time. And so I like this framing a
• 39:23
  little more. It makes Bitcoin seem a little
• 39:24
  more of a conservative, a conservative way to maintain
• 39:29
  your value and your wealth. And so I I like #9 the most out
• 39:32
  of all of this. 100% I I 100% agree with you yeah.
• 39:37
  I mean, this is an incredible way of looking at it because if
• 39:40
  your money isn't in Bitcoin, it's it's, you know, it's
• 39:44
  literally it's a melting ice cube.
• 39:45
  I think Sailor absolutely nails it there.
• 39:47
  Anyways, guys, we still have a ton of content for you guys.
• 39:50
  We're going to hit the news segment a little bit.
• 39:52
  FTX repayments are about to hit the market.
• 39:57
  And you know what sucks is that people are getting paid.
• 40:00
  They're not getting their Bitcoin back, they're getting.
• 40:03
  Their cash value of Bitcoin at the time FTX went down.
• 40:08
  So for everyone Bitcoin, they're getting $20,000 in cash, $20,000
• 40:13
  in cash. For one Bitcoin, they're losing
• 40:15
  $80,000 worth of value, which is why we're strong advocates for
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  Not Your Keys, Not Your cheese tier at Simply Bitcoin.
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  So we're going to talk about that.
• 40:26
  And then during the culture segment, we're going to talk
• 40:28
  about Atoms and how they're some of the comfiest shoes you can
• 40:31
  ever wear. And we have the CEO and founder
• 40:34
  Sidra with us on the show today. They've dropped custom special
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  edition Bitcoin shoes in the past and they might be dropping
• 40:43
  some more custom Bitcoin special edition shoes in the future.
• 40:48
  You guys have to stay tuned to be fine to to find out.
• 40:51
  But anyways, we're going to hit the new segment.
• 40:53
  We will be right back. I want to give a shout out to
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  Alright everybody, let's jump straight into today's news
• 43:41
  segment. FT Here's the headline.
• 43:44
  FTX $1.2 billion repayments mark key moment in crypto industry
• 43:50
  recovery FTX Digital Markets, the Bahamian unit of the
• 43:54
  collapsed cryptocurrency exchange FTX, is set to repay
• 43:58
  the first group of creditors on February 18th and a significant
• 44:03
  development for the crypto industry following the
• 44:06
  exchange's almost $9 billion collapse.
• 44:09
  The downfall of FTX and more than 130 subsidiaries launched a
• 44:14
  series of insolvencies that led to the industry's longest ever
• 44:19
  crypto winter, which saw Bitcoins price bottom out at
• 44:22
  $16,000. In a key moment for the crypto
• 44:26
  industries recovery, FTX Bahamas Wing will honor the first batch
• 44:30
  of repayment for users who are owed less than $50,000 worth of
• 44:35
  claims. Users will receive their funds
• 44:37
  at 3:00 PM UTC on February 18th, According to a February 4th ex
• 44:43
  post from FTX creditor Sunil, who is part of the largest group
• 44:48
  of more than 1500 FTX creditors. The repayments will bring an
• 44:52
  estimated $1.2 billion worth of capital to the first wave of
• 44:57
  defrauded FTX users. The FTX repayments are being
• 45:01
  viewed as a positive signal for the crypto industries recovery.
• 45:05
  It goes on to say the $1.2 billion repayments may see a
• 45:10
  significant portion reinvested into crypto currencies.
• 45:13
  Quote. This event could boost investor
• 45:16
  sentiment by demonstrating market recovery from the FTX
• 45:20
  collapse, according to the Bitcoin price.
• 45:22
  Right now, that doesn't seem like what happened.
• 45:25
  The quote. The scale of this repayment
• 45:27
  marks a notable event in terms of both capital flow and
• 45:31
  psychological impact on crypto investors.
• 45:34
  Despite the positive news, some creditors have criticized the
• 45:38
  repayment model, which reimbursements reimburses
• 45:41
  claimants based on cryptocurrency prices at the
• 45:44
  time of bankruptcy. Bitcoin prices, for example,
• 45:48
  have increased by more than 370 20% Ouch FTX repayments a
• 45:54
  victory for justice but market impact limited While the first
• 45:59
  FTX repayment represents a significant step forward, the
• 46:02
  capital may only have a limited effect on the cryptocurrency
• 46:06
  market. While it may not be a market
• 46:08
  moving catalyst, the first FTX payout represents a significant
• 46:13
  victory for justice and overall market sentiment.
• 46:16
  Here's the last quote I'm going to read it quote the the
• 46:19
  collapse impacted many investors and cast a shadow over crypto
• 46:24
  for retail investors, especially those without a diversified
• 46:27
  portfolios, these repayments offer not just the return of
• 46:31
  funds, but a reality of stability and Peace of Mind.
• 46:35
  I mean, I don't I disagree. Like the Bitcoin prices
• 46:39
  increased 370%. You know what's really funny
• 46:42
  though, is that if you get paid back in Ethereum, you're,
• 46:45
  you're, you're going to get the exact same amount of Ethereum if
• 46:50
  you get paid back in Bitcoin. I saw it if, if you get, if
• 46:54
  you're owed one Bitcoin, you're only going to get $20,000.
• 46:59
  You only get 20. So you'll get .2 Bitcoin back
• 47:02
  for every Bitcoin, right? So there's a couple lessons
• 47:04
  here. Lesson #1 is not your keys, not
• 47:07
  your keys. We talk about this all the time.
• 47:10
  Like I feel like we just keep repeating ourselves.
• 47:13
  Our sponsors are like, we literally pick and choose who we
• 47:17
  partner with specifically so that you guys have exposure to
• 47:22
  specific products that will allow you to take self custody
• 47:25
  easy in a much easier fashion. So yeah, I mean, it's like,
• 47:31
  yeah, wrecked. Unless you've been holding
• 47:34
  Ethereum. If you've been holding Ethereum,
• 47:35
  you're made, you've been made whole, bro.
• 47:37
  But if you were holding Bitcoin on FCX, absolutely wrecked, man.
• 47:43
  So not your keys, not your cheese.
• 47:45
  As someone in the chat says, victory for justice.
• 47:48
  Lol better than nothing. I got it is better than nothing.
• 47:51
  Like let's give credit where credit is due.
• 47:53
  It's definitely better than nothing, you know.
• 47:56
  But again, if people what what's the definition of insanity Opti?
• 48:00
  Like if if you continue to do the same thing and expect
• 48:04
  different results, like that's the definition of insanity or
• 48:07
  something, something along those lines.
• 48:09
  They totally butchered it, but we saw Mount Gox, we saw what
• 48:14
  happened with Mount Cox, right? Someone in the chat says no.
• 48:17
  Could you pull that up again, Opti?
• 48:19
  No customer, no passport customers were harmed in the FTX
• 48:22
  fraud. Exactly.
• 48:24
  If you guys got yourself a passport hardware wallet and
• 48:26
  took self custody of your Bitcoin, it doesn't matter.
• 48:30
  It doesn't matter with all this stuff going on around you, if
• 48:33
  your bitcoin's in self custody, it doesn't matter.
• 48:36
  You're just watching and when all these things blow up, you're
• 48:40
  just going to get cheaper Bitcoin, right?
• 48:42
  So this is a crazy, crazy industry.
• 48:44
  It has so many scams. It has so many pump and dumps.
• 48:48
  Odell has a very, very clever and wise line, which is stay
• 48:53
  humble, stack SAT, stay solvent. And in my experience, I've been
• 48:58
  doing this for nine years, that tends to be the most effective
• 49:02
  way. A lot of people get absolutely
• 49:04
  wrecked trying to, you know, experiment, trying to speculate.
• 49:10
  Sometimes the best way is just focus on growing your income,
• 49:14
  like focus on growing your income.
• 49:16
  The more you grow your income, the more you can stack.
• 49:19
  Bitcoin's the best savings technology.
• 49:22
  What you put in Bitcoin today, 10 years from now is going to be
• 49:25
  a whole lot bigger. So, yeah, I mean it, it is a
• 49:29
  learning lesson. They're definitely, I, I, I, I
• 49:32
  want to give credit where credit is due.
• 49:33
  Definitely a victory for justice for sure.
• 49:36
  But they're getting cash repayments, they're not getting
• 49:41
  Bitcoin repayments. So if you're holding EF, you're
• 49:44
  very happy about that. If you're holding Bitcoin,
• 49:48
  you're not so happy. Keith said When FTX blew up, my
• 49:51
  family asked if I was all right. And I said, Yep, I hold my own
• 49:54
  keys. Yeah, it's very, very wise.
• 49:56
  Words in the chat. Opti, what's your take on this?
• 49:59
  And then we'll ask Sidra. Yeah, well, first of all, as
• 50:03
  I've been saying for a long time on the show that the whole FTX
• 50:06
  debacle was definitely a huge black eye on the whole Bitcoin
• 50:10
  industry, or rather, you know, crypto industry.
• 50:12
  But us Bitcoiners, we had to, you know, do a lot of work to
• 50:15
  try to separate Bitcoin and, and, and prove like the wrongs
• 50:19
  and all the mishaps that happened around FTX.
• 50:22
  And we still haven't really grown past that.
• 50:24
  If you hear legacy media or corporate press talk about
• 50:27
  Bitcoin, usually for the most part, they still bring up FTX as
• 50:32
  one of the main concerns about, you know, what the dangers and
• 50:36
  the speculation and the uncertainty around Bitcoin or
• 50:40
  crypto at large. And so, you know, on the one
• 50:42
  hand, I'm glad that there is some form of justice and that is
• 50:46
  actually happening kind of quickly considering like, you
• 50:50
  know, Mount GOC stuff is still like we we still barely have
• 50:53
  much closer on mountain GOG stuff.
• 50:55
  And that happened so long ago. And so at least this is kind of
• 50:58
  happening quickly. And obviously as a Bitcoiner, we
• 51:01
  talk about this all the time is like, you do not want to be
• 51:03
  leaving your Bitcoin on exchanges for this very reason.
• 51:06
  This is why we constantly talk about the concerns around paper
• 51:09
  Bitcoin. This is why we essentially tell
• 51:11
  you every day that the most important thing for you to do is
• 51:14
  not just get Bitcoin exposure via ETFs or leaving your Bitcoin
• 51:17
  on an exchange. It's taking that Bitcoin into
• 51:20
  personal custody, securing that Bitcoin yourself.
• 51:22
  This is how you protect yourself against this stuff.
• 51:25
  And so this was a huge learning moment for obviously not as
• 51:29
  Bitcoiners have been around for a long time, but I would say for
• 51:31
  a lot of the, the Main Street out there, a lot of the normies
• 51:34
  out there, a lot of the people that were coming into Bitcoin,
• 51:37
  you know, they learned a very expensive lesson and you know,
• 51:40
  at least they're getting partially paid out.
• 51:42
  Of course, they're going to be using the Bitcoin price of the
• 51:46
  time of the explosion of FTX, which is what you know, 30K.
• 51:50
  We're at around 100K now. So they're not necessarily being
• 51:53
  paid whole. But this is the very danger of
• 51:56
  Bitcoin is that, hey, if you are trying to, you know, get paid
• 52:00
  back in Bitcoin, what are you getting paid back in dollars or
• 52:04
  in the actual, you know, hard asset itself, which is the
• 52:08
  Bitcoin. And so, you know, on the one
• 52:10
  hand, it's unfortunate for the people because they got wrecked.
• 52:13
  At least they're getting kind of paid back in in some form or
• 52:16
  fashion. And on the other hand, it's
• 52:18
  going to be very interesting to see how much of that capital
• 52:21
  does go back into Bitcoin and whether they have learned their
• 52:25
  mistakes, you know, or learned their lessons the second time
• 52:28
  they coming back into Bitcoin. So the total is I from what I'm
• 52:31
  hearing, it's like 16 billion dollars total that will be
• 52:33
  repaid back. So maybe we'll see a portion of
• 52:36
  that start to go back into the market.
• 52:39
  And all of these things, kind of all of the news that we are
• 52:41
  we're hearing right now is this idea of there's so much
• 52:45
  seemingly capital coming into Bitcoin, but the Bitcoin price
• 52:48
  isn't really doing anything. And so this is kind of what
• 52:51
  we're all wondering like, OK, we're literally the meme with
• 52:53
  the stick like Bitcoin, can you do something?
• 52:55
  You know, we have institutional capital.
• 52:57
  We have insane capital inflows or quote capital inflows into
• 53:01
  the Bitcoin ET yes, doesn't seem like it seems to be moving the
• 53:04
  market. You know, the very simple idea
• 53:06
  is, I guess maybe there's just a lot of long term holders that
• 53:10
  are selling Bitcoin and that's kind of dwarfing the market
• 53:12
  right now. But it's going to be very
• 53:14
  interesting to see if these people that that are made well
• 53:17
  partially whole on FTX re enter their their capital into Bitcoin
• 53:22
  and start to take Bitcoin into personal custody.
• 53:24
  So hopefully you know this next time next cycle.
• 53:28
  We don't see any more of these huge explosions because FTX was
• 53:32
  a huge black eye on the market, on the whole industry as a
• 53:35
  whole. And we're barely getting that
• 53:37
  FTX stench off of us. And so hopefully more people
• 53:40
  learn their lesson. And in the future, there isn't
• 53:43
  other people that make the same mistake or other companies that
• 53:46
  make this mistake. But I mean, I'm not going to
• 53:48
  hold my breath. We've obviously seen this happen
• 53:50
  in the past. There's been a lot of examples
• 53:52
  of this, but hopefully moving forward, but these companies
• 53:55
  don't take advantage of their users and hopefully the users do
• 53:58
  take their Bitcoin off the exchanges and you know, they,
• 54:01
  they start to store that Bitcoin themselves.
• 54:04
  Again, not your keys, not your Bitcoin.
• 54:06
  This is like the the entire mantra of Bitcoin in general as
• 54:10
  you need to hold that Bitcoin yourself.
• 54:12
  It's not just about the Bitcoin exposure. 100%, I think that's
• 54:15
  very, very beautifully put. Cedra, what are your thoughts on
• 54:19
  this? Yeah, actually this whole story
• 54:21
  reminds me Michael Seller, that rule where he said that Bitcoin
• 54:27
  is powered by chaos. I think there is no other story
• 54:30
  than FTX story that can define it really well.
• 54:35
  Yeah, it's really sad that what people are getting, but at least
• 54:38
  they are getting. And I think something which is
• 54:40
  very important and crucial is that what we can learn and what
• 54:44
  we can build out of this. Of course like these type of
• 54:47
  cases are also become an opportunity in in the industry
• 54:51
  to build on top of that. So that's what I'm hoping.
• 54:54
  And I think we are seeing, you know, a lot of product that you
• 54:57
  guys share throughout this life are really, really good product
• 55:03
  that of course like people should look to.
• 55:05
  And you know, one thing which I just want to share that even
• 55:09
  when we were thinking about buying some Bitcoin for our
• 55:12
  company, So the main thing was like, how are we going to store
• 55:15
  them? How are we going to make sure
• 55:16
  that it's safe as an asset? As I mentioned, like, thank God,
• 55:19
  we have someone in our team whose name is Raymond Dirk.
• 55:23
  If you guys want to check him out on Twitter, his name is
• 55:25
  Raymond Dirk. He's he's really, really
• 55:27
  resourceful guy. So he set up a foundation for us
• 55:31
  and then later on we, you know, I discussed that with one of my
• 55:35
  other founders friend and we are going to share a basic guideline
• 55:40
  for other smaller companies that how they can make sure that they
• 55:43
  buy and purchase and keep, you know, at the same time a Bitcoin
• 55:48
  safe, that whole process. And we are working on like
• 55:52
  sharing that guideline very soon.
• 55:54
  That's awesome. That's awesome helping other
• 55:56
  small businesses that perhaps aren't Bitcoin focus cause
• 56:00
  again, this is something that like a lot of people have to
• 56:02
  understand, right? Like we're, we're, we're a
• 56:05
  Bitcoin media company. So like we, all we do is talk
• 56:08
  about Bitcoin like we, we understand it.
• 56:10
  So like for self custody for us, it's pretty straightforward,
• 56:13
  right? But like, for example, in the in
• 56:15
  the case of Sidra, you guys focus on shoes.
• 56:18
  That's your business is making these amazing shoes.
• 56:21
  You know, learning about Bitcoin is an entirely different thing
• 56:26
  that it isn't exactly what you guys are mainly focused on,
• 56:29
  right. So that's really awesome that
• 56:31
  you guys are like kind of open sourcing the way that you guys
• 56:35
  are custodying your Bitcoin, but it's super awesome that you guys
• 56:39
  are using Bitcoin as a tool, as part of your company's treasury
• 56:43
  strategy. And I'm sure it's going to be
• 56:46
  extremely beneficial for you guys.
• 56:47
  So, yeah, guys, I think the the Long story short from here, just
• 56:52
  as the what happened with Mount Gox, not your keys, not your
• 56:55
  cheese. Take self custody of your
• 56:58
  Bitcoin. If you take self custody of your
• 57:00
  Bitcoin, you know, you, you become unruggable, right?
• 57:04
  That's it really comes down to that.
• 57:06
  All right, everybody, we're going to hit the culture.
• 57:08
  We're going to talk about all things atoms.
• 57:10
  We will be right back. I want to give a shout out to
• 57:14
  our sponsor Hive Digital Technologies.
• 57:16
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  hivedigitaltech.com. I want to give a very special
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• 58:51
  All right, everybody, we're going to talk about all things
• 58:54
  atoms and let's let's jump straight into.
• 58:57
  It I got this, I got this. Sidra, thank you so much for
• 59:00
  coming on today. It's been a great show.
• 59:03
  I think the first place I want to start on today's culture is
• 59:06
  this idea of just being an entrepreneur and how Bitcoin
• 59:10
  supercharges that. And of course, we're talking
• 59:12
  about Adam's shoes. I'll pull up the website, but it
• 59:15
  kind of goes into a lot of this idea that you don't necessarily
• 59:19
  need to do something in Bitcoin necessarily and be a Bitcoiner.
• 59:23
  And I, I think this is kind of where Bitcoin starts to grow not
• 59:27
  only as an industry, but as just, you know, a better way to
• 59:30
  save your money. And so I love your story, Like,
• 59:33
  yeah, like I make shoes and yes, it's powered by Bitcoin, but
• 59:37
  it's not necessarily like I'm a Bitcoin company.
• 59:40
  So can we start there? And there's a few things that
• 59:42
  you talked about throughout the show that I want to expand a
• 59:44
  little bit. Absolutely, First of all, great
• 59:47
  show. Thank you so much for inviting
• 59:49
  me. And I am also like looking at
• 59:52
  the chat. So good to see like how people
• 59:55
  are passionate about this program and then also, you know,
• 59:59
  giving comment and response to it.
• 1:00:01
  So for atoms, we are focused on making innovative shoes for
• 1:00:05
  every day. So think about the way Nike make
• 1:00:09
  shoes for athletes. So they look at like what type
• 1:00:12
  of shoes need or how their body functions.
• 1:00:15
  So there is. Find the entire shoes
• 1:00:16
  accordingly. We look into people's everyday
• 1:00:19
  lifestyle. So, you know, when people walk,
• 1:00:22
  when they spend time in their shoes throughout the day, foot
• 1:00:26
  your foot, actually expand throughout your day.
• 1:00:29
  And it depends on like how you walk, how you stand.
• 1:00:32
  And then, you know, the other important thing is walking
• 1:00:35
  function and running function is completely different.
• 1:00:37
  And I know a lot of people even wear running shoes as their
• 1:00:40
  everyday shoes. But when you look around the
• 1:00:44
  shoes, you have to think about designing the shoes according to
• 1:00:47
  the function. So that's where we come in.
• 1:00:49
  And yeah, you are looking at my Humans of New York story.
• 1:00:52
  So my story came on Humans of New York two years ago and that
• 1:01:00
  actually blew up on the Internet.
• 1:01:01
  Around 8 million people read that story.
• 1:01:05
  We in three days we had $3,000,000 sales, which was
• 1:01:09
  crazy and it took us six people to that order.
• 1:01:13
  But this is my journey of starting my business from
• 1:01:16
  Pakistan and then how we eventually came up towards
• 1:01:19
  building atoms and we were always, you know, passionate
• 1:01:22
  about making the most comfortable shoes for everyday.
• 1:01:25
  And the everyday idea especially like around the product, it has
• 1:01:31
  been with us since the beginning because what we believe in is
• 1:01:35
  that product which are really innovative and add value in
• 1:01:38
  people's life. They become part of their
• 1:01:40
  everyday life. So that's how we think about
• 1:01:43
  shoes. We think about shoes from base
• 1:01:45
  foundation and then think about style.
• 1:01:48
  So how shoes should work with your body and interact with your
• 1:01:52
  body. That's where, you know, we start
• 1:01:54
  our work and then expand it from there and go ahead.
• 1:01:59
  Could you pull up also, by the way, the holy cow rock rock TV
• 1:02:06
  appreciate the 1999 and I appreciate and the two did you
• 1:02:11
  just send us $200, bro? God damn.
• 1:02:14
  Thank you, bro Rock VTM appreciate the $200 super chat
• 1:02:21
  that I think that's an all time high for us anyways.
• 1:02:23
  Could you pull up the could you pull up the the website?
• 1:02:26
  We got to give them a shout out the R OK, VTMI appreciate you
• 1:02:30
  bro. So listen, I reached out to
• 1:02:33
  Sidra because first of all, I could you click on the first one
• 1:02:37
  off the other way to the left. I wear I wear that shoe like
• 1:02:43
  every every day, OK, and it is the comfiest effing shoe.
• 1:02:48
  They don't pay us. You guys don't pay us.
• 1:02:50
  We don't have a partnership, nothing.
• 1:02:52
  I was just like, I absolutely love these shoes and then out of
• 1:02:55
  the blue you guys drop the special edition Bitcoin.
• 1:03:00
  And then in my head I was like, wow, this is like a match made
• 1:03:02
  in heaven 'cause you know, it would like it just, it just
• 1:03:06
  happened, you know, by happenstance and it wasn't
• 1:03:09
  planned. So obviously these are limited
• 1:03:12
  edition. These are sold out, but the
• 1:03:15
  could you go back to the to, to the to the website Opti and go
• 1:03:23
  to Yeah, exactly. Go to the one on the left.
• 1:03:26
  OK, So that that model, of course, they have it in
• 1:03:28
  different colors. They have it in white, they have
• 1:03:30
  it in black and white. They have it in in Navy, they
• 1:03:33
  have it in Gray. It is so effing comfortable.
• 1:03:37
  It is really, really, really comfy.
• 1:03:39
  And by the way, since seizures on the show right now, we
• 1:03:43
  actually have a special promo code for you guys if you buy
• 1:03:47
  from Adams right now. If you go to adams.com and you
• 1:03:50
  use promo code simply, I'm going to put it in the chat right now,
• 1:03:56
  you will get 15% off. So if you go to Adam's right
• 1:04:01
  now, I think for the rest of the day and you use promo code
• 1:04:03
  simply, you get 15% off. Anything on the store.
• 1:04:07
  They're incredibly comfy shoes. We didn't get paid for this.
• 1:04:12
  We nothing. I'm just a huge fan.
• 1:04:15
  I'm a big fan of your company. I'm a big fan of your story.
• 1:04:20
  I'm a big fan of your product and I use your product all the
• 1:04:24
  time and I'm just waiting for these to get back in stock in my
• 1:04:29
  size so I can just buy ten of them.
• 1:04:31
  I messaged Sedra randomly. I just messaged the Adams X
• 1:04:36
  account and I'm like, hey guys, I want to buy 10 pairs of this
• 1:04:40
  one is going to be back in stock.
• 1:04:42
  And Cedro actually responded to me back, which you never see
• 1:04:46
  with founders by the way. You always deal with the
• 1:04:49
  marketing person on the X account.
• 1:04:50
  I'm not trying to bash anyone, but that's typically what
• 1:04:52
  happens when you reach out to a social media account and Cedro's
• 1:04:56
  like, hey, this is the founder and I'm like, I have to get her
• 1:04:59
  on the show. This is incredible.
• 1:05:01
  Like I'm speaking to the founder.
• 1:05:03
  So huge fan, love these shoes. You will not buy another pair of
• 1:05:08
  shoes after you buy these. They're simple, they're
• 1:05:10
  straightforward, they do their job.
• 1:05:12
  They're shoe, they're very company shoes.
• 1:05:14
  So I see, I don't know if you want to add to any of what I
• 1:05:17
  just said, but it would, it's, it's been an honor having you on
• 1:05:20
  the show today because I wear your shoes every day.
• 1:05:23
  No, thank you so much. I'll, I'll just add quickly two
• 1:05:25
  things. So 1 is like these shoes you can
• 1:05:27
  buy with Bitcoin. That is the first thing we
• 1:05:30
  enabled when we launched our Bitcoin shoes in 2020.
• 1:05:35
  And the second thing is not only that these shoes are made for
• 1:05:38
  comfort, but actually it has several other functions.
• 1:05:42
  So for example, the inside the shoes, we have real copper
• 1:05:45
  inside the shoes, so your shoes won't smell even whatever ways
• 1:05:50
  you are wearing it because it has antimicrobial properties.
• 1:05:53
  And then the shoelaces is basically you tie them once and
• 1:05:56
  it works as a slip on. So those are important thing.
• 1:06:00
  And then of course the overall material is designed for
• 1:06:03
  flexibility, comfort and durability.
• 1:06:06
  So that's what we, we, we focus on, but I, I, we are looking
• 1:06:12
  into launching the second edition of Bitcoin shoes.
• 1:06:16
  So would love to like, you know, have more conversation around
• 1:06:19
  that. Absolutely.
• 1:06:22
  I'm so excited. And then they have a special
• 1:06:23
  edition. Or could you pull that up Opti
• 1:06:25
  'cause they have a special edition?
• 1:06:26
  It's the Model 001. There's a special edition that
• 1:06:31
  you guys just dropped. I just bought myself a pair.
• 1:06:34
  I haven't tried Model 001, so I can't talk.
• 1:06:38
  I can't, I don't know what it feels like, but I'm assuming
• 1:06:41
  it's just as good as Model 000. Absolutely.
• 1:06:45
  So this is the, this is the second iteration, this is the
• 1:06:48
  new model and this is the special edition.
• 1:06:52
  Can you talk a little bit about that?
• 1:06:53
  Like what is it? I'm assuming you guys teamed up
• 1:06:55
  with an artist or something? Yes.
• 1:06:57
  So this is a artist who does calligraphy mostly in
• 1:07:02
  deconstructive calligraphy. So one side of the shoes is
• 1:07:05
  written atoms and the other side is more like linear designs on
• 1:07:09
  the left side of the shoes. And this shoes we just launched
• 1:07:14
  for for two weeks and somebody asked in chat like if we have
• 1:07:18
  12.5 size, yes, we go from 5.5 to 16 shoe size.
• 1:07:23
  So you can check that on the website.
• 1:07:26
  And this shoes the difference between model 0 and Model 1 is
• 1:07:30
  the outsole. So the Model 0 outsole is
• 1:07:33
  basically an exposed midsole and the outer layer is rubber
• 1:07:38
  outsole and this one is basically a cup sole.
• 1:07:42
  So it is completely a cup made out of TPV material which is a
• 1:07:47
  compound. We mix rubber and different
• 1:07:50
  other compounds. And then inside is basically the
• 1:07:55
  same form as we are using for Model 0.
• 1:07:57
  So that's the only difference and the reason we did that
• 1:08:00
  because some people who have pronation in their foot, they
• 1:08:03
  should need, they should wear the shoes because they need more
• 1:08:07
  support. And in pronation is something
• 1:08:10
  when you walk your foot dip inside.
• 1:08:13
  So I mean that probably if you have noticed in your walk or
• 1:08:17
  someone can notice for you, but that is very critical for your
• 1:08:20
  knee pain. So that's why we have the shoes
• 1:08:24
  because this provide lot more support for pronated foot.
• 1:08:28
  So we got a lot of we got a lot of questions in the, in the in
• 1:08:31
  the chat. Let me start with where is this
• 1:08:35
  one? Here's one.
• 1:08:37
  No, we'll, we'll get to that. We'll get to that in a second.
• 1:08:40
  I want orange shoes. So someone wants orange shoes.
• 1:08:44
  Someone else is asking is the shoe good for a person with a
• 1:08:49
  high arc? I would not say that, just use
• 1:08:54
  it as it is. I would say like use a special
• 1:08:56
  insole and then this would be good.
• 1:08:59
  OK. And and then and then we got the
• 1:09:03
  we got a we got a special request when simply Bitcoin
• 1:09:07
  limited edition shoe. I can't comment on that but.
• 1:09:13
  I think we have to cook some ideas and that will be really,
• 1:09:16
  really exciting because I mean by being on your show, I think
• 1:09:19
  the community that you guys have, it's such a amazing
• 1:09:22
  community and you know the kind of knowledge that you are
• 1:09:26
  providing. I think this is so foundational.
• 1:09:28
  So I actually wish you guys all the best and I think like it
• 1:09:32
  come back to you as you know the kindness and generosity and you
• 1:09:36
  know the work that you guys are doing.
• 1:09:37
  So wish you a lot of success in that.
• 1:09:40
  Thank you so much. And then actually hold on, I you
• 1:09:43
  want to ask Cedra a question and she talked about it earlier and
• 1:09:45
  we talked about this before the show and I kind of, you know,
• 1:09:49
  started it with being an entrepreneur and then adding
• 1:09:52
  Bitcoin to it. You were talking about you've
• 1:09:54
  added Bitcoin to your personal or company balance sheet and you
• 1:09:58
  said something interesting and that you said something on the
• 1:10:01
  lines of as a shoe company. I think I have a very special
• 1:10:07
  angle of spreading this idea of financial freedom.
• 1:10:10
  So could you talk about that real quick and then maybe we'll
• 1:10:12
  hit a couple more comments, but I think that's a very
• 1:10:14
  interesting, interesting take. Yeah.
• 1:10:17
  So, you know, when we think about our product, we go really
• 1:10:21
  deep, but then we think about building our brand.
• 1:10:23
  We think about, you know, what are those things happening
• 1:10:26
  around us where which is actually adding value in
• 1:10:30
  people's life. This is why when we do artist
• 1:10:33
  collaboration or when we do collaboration with other
• 1:10:36
  influencers for the shoes or for marketing, we think about that
• 1:10:40
  what they stand for. And that's where, you know, when
• 1:10:43
  we were looking into Bitcoin, not only something that we
• 1:10:46
  should buy as an asset, but we were thinking about that, how we
• 1:10:50
  can actually be part of this idea where we can take it maybe
• 1:10:54
  like in the shape of shoes or, you know, create more like
• 1:10:58
  meaningful and serious conversation around it.
• 1:11:00
  Because of course, like in 2020, still people were not like, you
• 1:11:04
  know, looking at this not as a very serious asset.
• 1:11:07
  I know like now conversation is shifting completely different.
• 1:11:10
  So, so, you know, at the time, I think the most important thing
• 1:11:15
  which resonated with me personally was because I'm from
• 1:11:18
  Pakistan and you know, I started my journey from there and being
• 1:11:21
  a woman entrepreneur, this idea of building, you know, financial
• 1:11:25
  freedom for myself, it stood out really, you know, important
• 1:11:29
  narrative for me, not only like just a narrative, but I think
• 1:11:32
  from something that we should be doing each and every one of us
• 1:11:37
  should be doing. So that's where we wanted to
• 1:11:40
  like go beyond. And you know, when people, even
• 1:11:44
  people in sneaker industry, whenever they look into our
• 1:11:47
  Bitcoin collaboration, they sometime make fun of us, they
• 1:11:50
  say like, Hey, you guys are not very serious.
• 1:11:53
  You don't want to become a serious brand.
• 1:11:55
  Like when people will look at you, they would say, oh, atoms
• 1:11:59
  actually launch a Bitcoin shoes. What does that mean?
• 1:12:02
  And you know, I feel that sometime it's not very important
• 1:12:06
  to respond to whatever criticism come at you at that point, but
• 1:12:10
  you have to have a very clear North Star that why you are
• 1:12:14
  doing. And for us, I mean, the idea of
• 1:12:16
  for me like a being a woman entrepreneur, as an immigrant,
• 1:12:20
  the idea of financial freedom is super important for me and I
• 1:12:23
  want to carry on. And you know, when my Humans of
• 1:12:25
  New York story came out, I was having conversation with Brendan
• 1:12:29
  Stanton who run Humans of New York.
• 1:12:31
  He asked me like, why I, you know, you want your story to be
• 1:12:35
  out. And I said like, I am from a
• 1:12:37
  small town in Pakistan. Even if like one girl over there
• 1:12:41
  read my story and she she would like, you know, stood up for her
• 1:12:46
  dreams. That's the success of the story.
• 1:12:49
  And I think that's the same thing I look at like for
• 1:12:52
  creating financial freedom for all.
• 1:12:54
  And This is why, you know, I love and Michael Seller, he said
• 1:12:58
  that Bitcoin is for everyone. Yes, I think maybe some people
• 1:13:03
  don't believe in that. I think what you said like there
• 1:13:05
  will be a second layer of it. I truly believe in that and I
• 1:13:09
  think like this will reach out to more people as an asset.
• 1:13:13
  Absolutely inspirational. I love, I love success stories
• 1:13:18
  and you know, this is this is very inspirational and and it's,
• 1:13:23
  it's, it's great to hear that you guys are doing so
• 1:13:25
  incredible. So for the 2886 of you guys
• 1:13:30
  watching live, appreciate you all.
• 1:13:33
  Go check out adams.com today for the day.
• 1:13:36
  If you use promo code simply, you got 15% off anything on the
• 1:13:40
  Adams website. And I do want to thank Sidra for
• 1:13:43
  coming on the show today. I appreciate it.
• 1:13:46
  Thank you so much. Thank you for inviting me.
• 1:13:48
  Before we close out the show guys, I do want to give a very
• 1:13:51
  special shout out to our sponsor, Bit Block.
• 1:13:54
  Boom. It's going to be an amazing
• 1:13:56
  Bitcoin conference coming up in Dallas, TX April 3rd through the
• 1:14:01
  6th of 2025. You definitely don't want to
• 1:14:04
  miss it. Me and Opti are going to be
• 1:14:06
  there. Dante's going to be there.
• 1:14:08
  It's going to be a Bitcoin celebration we're going to be
• 1:14:11
  doing. We're going to be running the
• 1:14:12
  news desk in the live stream. It's going to be a great time.
• 1:14:15
  You definitely don't want to miss it.
• 1:14:17
  It's April 3rd through the 6th of 2025.
• 1:14:20
  Get your tickets now before the prices go up.
• 1:14:24
  And if you use promo code BBB 21 again, BBB 21, you get $100 off
• 1:14:33
  of your tickets. Alright everybody, before we
• 1:14:36
  closeout the show, if you guys enjoy the show, you know what to
• 1:14:39
  do, smash the like button. Consider subscribing if you feel
• 1:14:42
  like we provided you value. And of course, today is February
• 1:14:47
  18th, 2025. I'm your host Nico, our special
• 1:14:51
  guest Sidra, CEO and founder of adams.com, and of course my
• 1:14:55
  legendary Co host and Co founder Optimus Fields in the Co host
• 1:15:00
  seat today. We love you all and we'll see
• 1:15:01
  you guys on the next episode of Simply Bitcoin Live.
• 1:15:05
  Today's episode was brought to you by bitcoinwell.com, a
• 1:15:09
  Bitcoin only platform on a mission to enable financial
• 1:15:12
  independence.