Latest / Simply Bitcoin / Strategic Bitcoin Reserves SPREADING To the Rest of the World | EP 1455

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Strategic Bitcoin Reserves SPREADING To the Rest of the World | EP 1455 · Simply Bitcoin

• 0:02
  Donald Trump's Bitcoin warning is going global.
• 0:07
  We've all been distracted lately, but three countries just
• 0:10
  quietly advanced their strategic Bitcoin reserve plans.
• 0:14
  A central bank in Asia is planning to dump their gold and
• 0:17
  buy $350 million of Bitcoin. Another hidden Bitcoin country
• 0:23
  instructed their government to have state sanction Bitcoin
• 0:26
  mining and Brazil, the largest country and economy in South
• 0:30
  America, just made an interesting move to attract more
• 0:35
  bitcoins to the country. And this comes weeks after they
• 0:39
  advance a strategic Bitcoin reserve bill to buy a million
• 0:43
  Bitcoin. Sounds a lot like what the US is
• 0:45
  doing. So look, love or hate Donald
• 0:48
  Trump, he really kicked off the nation state Bitcoin race.
• 0:53
  And it is. It did happen slowly, but it
• 0:57
  seems to have picked up. It seems to have actually
• 0:59
  started to catch on again, maybe a lot slower than a lot of us
• 1:03
  had wanted, had imagined. But there is movement around the
• 1:08
  world globally in people taking Bitcoin very seriously.
• 1:12
  So I will start with the Brazil news because this one is pretty
• 1:16
  interesting. Of course, this did happen a
• 1:18
  couple of weeks ago and we didn't really talk about it.
• 1:21
  And I think the reason I didn't bring it up on the show is
• 1:24
  because I personally have gotten a little worn out with the idea
• 1:29
  of, of bills being proposed for Bitcoin.
• 1:32
  Last year in the US in particular, we, I think every
• 1:36
  other week we were getting a new bill proposed to stack Bitcoin,
• 1:39
  to protect Bitcoiners, you know, to protect Bitcoin mining And
• 1:44
  it, it just felt like OK, you know, proposing a.
• 1:46
  Bill like whatever it it. Until it passes, until something
• 1:52
  significantly happens, until something actually happens.
• 1:56
  Better put, it's like, OK, whatever.
• 1:58
  Like we've heard this before, another bill is being proposed,
• 2:02
  but I think this one is a little interesting and I have been kind
• 2:06
  of waiting to bring this on the show because it does show that
• 2:10
  the, again, the nation state Bitcoin adoption or Bitcoin race
• 2:14
  is going into overtime. And the fact that this is being
• 2:16
  proposed now, just that fact alone is very interesting.
• 2:21
  Again, here's the headline from Bitcoin Magazine.
• 2:24
  Brazil proposes national Bitcoin reserve targets 1,000,000
• 2:27
  Bitcoin over five years. It's literally saying the same
• 2:30
  exact thing that Senator Lummus has proposed in the Bitcoin Act.
• 2:34
  Now, again, it is just a bill proposal.
• 2:36
  So this is, you know, nothing concrete.
• 2:40
  They didn't they didn't pass this.
• 2:41
  I, I don't even think it will get far enough to even get voted
• 2:45
  on. But again, the idea of another
• 2:48
  nation state saying, hey, look, this is a good idea.
• 2:52
  We also want to try to get to 1,000,000 Bitcoin.
• 2:55
  I think that's the signal here. That is the big point.
• 2:58
  We have come a long way in the adoption or rather maybe just
• 3:02
  the mental perspective of Bitcoin that countries are
• 3:07
  seriously proposing stacking a million Bitcoin a year ago, two
• 3:13
  years ago, or rather, you know, in November of 2024, before the
• 3:17
  Trump midterm or sorry, presidential campaign, I don't
• 3:22
  think any of us would have really thought that countries
• 3:25
  would be proposing this type of legislation trying to acquire a
• 3:29
  million bitcoins. So we've gotten to the point
• 3:31
  now, yes, it's being proposed in the US.
• 3:33
  It probably is not going to pass this, this bill in Brazil is
• 3:37
  probably just as much of A long shot to pass as it is in the US.
• 3:42
  But again, that's besides the point in my opinion.
• 3:44
  I think the fact that they're proposing this seriously and not
• 3:48
  necessarily tongue in cheek, it's not a troll.
• 3:51
  It's not engaged, you know, clickbait farming on Twitter.
• 3:55
  It it's not just, you know, AI Photoshop stuff.
• 3:58
  They're seriously proposing trying to stack a million
• 4:00
  Bitcoin again, probably won't pass, but this does go into what
• 4:07
  they actually did propose and what they're actually doing in
• 4:10
  Brazil. And This is why the story of
• 4:13
  nation state Bitcoin adoption with.
• 4:15
  All of these pieces is. Showing that it is spreading
• 4:18
  globally. There is real conversations at
• 4:21
  the highest levels talking about trying to build or in various
• 4:26
  different ways make a strategic Bitcoin reserve.
• 4:31
  I think we've come a long way. Yes, this is narrative trench
• 4:34
  warfare. Yes, you might be saying, hey,
• 4:37
  you know, I thought this was a bottom up revolution.
• 4:40
  I thought we were separating money from state.
• 4:42
  How come Opti and the simply Bitcoin guys are always out here
• 4:45
  cheerleading the state, acquiring Bitcoin guys, We're a
• 4:49
  new show here. We're just covering what is
• 4:52
  happening for good and for bad. Yes, I may talk about these
• 4:56
  things, but you guys know when I come on this and I and I come on
• 4:59
  the show, I am usually hypercritical of any of these
• 5:03
  movements and so we cover the headlines and then I give you my
• 5:07
  takes. Anyways, this actually did
• 5:09
  happen. I am on a sort of sketchy
• 5:11
  website, but I can't confirm it is happening.
• 5:14
  It's just the other websites were just not in English.
• 5:17
  So you know, even if I do translations, it still doesn't
• 5:20
  look as good. But anyways, Brazil is set to
• 5:24
  put to 0 the import import duties on, as the headline says,
• 5:28
  high high efficiency Bitcoin miners.
• 5:31
  But Brazil's Foreign trade Council set import duties at 0%
• 5:36
  for a narrow class of high efficiency Bitcoin mining
• 5:39
  servers until January 2028. Of course, other taxes may
• 5:43
  apply. So they literally dropped all
• 5:45
  import duties on Shaw 256 miners.
• 5:48
  So, so I, I don't know if they understand.
• 5:53
  I, I don't know if the Brazil's Foreign Trade Council fully
• 5:56
  understand Bitcoin miners themselves.
• 6:00
  Maybe they use? The the the.
• 6:03
  Wording at least in in Portuguese or crypto miners and
• 6:06
  then that's why they had to specify Shaw 256.
• 6:09
  But they're they're basically saying the same thing like
• 6:12
  Bitcoin miners do. Use Shaw 256 so it.
• 6:15
  They basically dropped all import fees on Bitcoin mining
• 6:19
  computers, Bitcoin mining ASICS, which I think is a huge move.
• 6:23
  Obviously tariffs have all been in the news.
• 6:26
  We've all been hearing what the states have been doing around
• 6:28
  tariffs. It's it's one of the biggest
• 6:30
  kind of topics right now, whether this is good or bad.
• 6:33
  But on the flip side, for at least Brazilians, they're like,
• 6:37
  hey, we want Bitcoin miners to be in Brazil.
• 6:41
  How can we do this? They're like, we're just
• 6:44
  literally going to drop all taxes on Bitcoin ASIC.
• 6:47
  So therefore more Bitcoiners want to mine in Brazil, and of
• 6:51
  course more Bitcoin capital or more Bitcoiners with capital,
• 6:55
  more capital allocation will get attracted to Brazil.
• 6:59
  It really goes into one of the very big theories and narratives
• 7:03
  and perspectives of Bitcoiners that hey, where capital is
• 7:06
  treated best, that's where money flows.
• 7:09
  I would say that Brazil, this is a pretty big move.
• 7:12
  If they are trying to actively build up the amount of Bitcoin
• 7:17
  miners in Brazil, this is a pretty solid move from a game
• 7:21
  theory perspective, from an economic perspective, trying to
• 7:24
  attract bitcoiners into your country, especially the Bitcoin
• 7:27
  miners, solid move. I know Bitcoin mining isn't as
• 7:31
  sexy as all of the other topics that most people like to talk
• 7:34
  about, but we always got to remember without the Bitcoin
• 7:37
  miners, we wouldn't be here. The network wouldn't be what it
• 7:40
  is so huge move to start off here from Brazil.
• 7:44
  Yes, there was a proposition. If you guys have been following
• 7:47
  this story, yes, they did propose this a couple of months
• 7:50
  ago. I think it was, was the end of
• 7:52
  2025 in December. But now they just doubled down
• 7:56
  and it's basically official. They're like, Yep, this is
• 7:58
  what's going on. We want to track Bitcoin miners
• 8:00
  into our country. So if you're trying to buy ASICS
• 8:02
  in Brazil, no import duties on it, no taxes on it.
• 8:06
  Well, other taxes may apply, but the import tax is dropped 0% on
• 8:12
  Bitcoin ASICS solid move, honestly, solid move here.
• 8:17
  Now the next story is pretty interesting as well.
• 8:20
  This I did see on Twitter earlier this week and it's by
• 8:25
  Daniel Batten. He he quote tweeted this.
• 8:28
  I do have an article here from Bitcoin Mag to kind of break
• 8:31
  break this down a little bit, but he goes, Justin Paraguay has
• 8:35
  just followed the lead of Bhutan using wasted hydro energy to
• 8:39
  mine Bitcoin for a likely national Bitcoin reserve.
• 8:43
  Reports indicate mine Bitcoin will likely be held as a state
• 8:47
  asset or the National Treasury potentially used to fund
• 8:50
  infrastructure. Now, of course, oh, I didn't
• 8:53
  pull it up. Of course, we talked about the
• 8:55
  Bhutan story and we haven't really brought any more updates
• 8:59
  on the Bhutan story. And maybe if you've been
• 9:02
  following along on Bhutan's National Strategic Bitcoin
• 9:06
  Reserve, you may have gotten a little disappointed because they
• 9:09
  have used those funds to, you know, there, there's been some
• 9:13
  selling from Bhutan. They have been using those funds
• 9:16
  to build their infrastructure up, which on the one hand, from
• 9:19
  like a hardcore Bitcoin perspective, you're like,
• 9:22
  they're supposed to huddle the Bitcoin.
• 9:24
  On the other perspective of, hey, Bitcoin is money.
• 9:27
  And if you're on a, you know, state level, you probably want
• 9:30
  to use wherever your profits are coming from so that you can
• 9:33
  actually build up the infrastructure so that your
• 9:34
  country gets better. So I think this is.
• 9:36
  From from in in particular to baton.
• 9:39
  I think that's a good move for them.
• 9:40
  Obviously small country. They made a lot of money mining
• 9:44
  Bitcoin secretly. We only heard about this because
• 9:46
  there was, you know, they had to report about their Celsius
• 9:51
  holdings. Then we all found out, hey,
• 9:54
  they're a Bitcoin country. Yes, they may be small, but they
• 9:57
  are mining Bitcoin on a state level and they made a strategic
• 10:01
  Bitcoin reserve. Yes, they're using their money.
• 10:03
  But anyways, Paraguay apparently is falling suit, though when you
• 10:08
  look into the specifics of this, it might not make you feel as
• 10:14
  good as say the Bhutan story where they're like, hey, we
• 10:18
  we're just mining Bitcoin. This one is is a little
• 10:21
  trickier. It's not as black and white, but
• 10:24
  hey, they Paraguay is also building a strategic Bitcoin
• 10:27
  reserve or rather mining Bitcoin.
• 10:30
  So to potentially build a strategic Bitcoin reserve, and
• 10:33
  if you've been around here on the show or you've been
• 10:35
  following any of the Bitcoin mining companies, you know
• 10:39
  there's a lot of Bitcoin miners in Paraguay.
• 10:42
  It is one of the places right now that is looking very good to
• 10:46
  Bitcoin miners, cheap energy, a lot of land.
• 10:49
  The government is pretty favorable around Bitcoin.
• 10:52
  But that's where we get into this story.
• 10:54
  Here's the headline from Bitcoin Mag that happened again the
• 10:58
  beginning of this week. And it goes Paraguay exploring
• 11:01
  using C's miners for state-run Bitcoin operation.
• 11:04
  Paraguay state utility is teaming up with more flare to
• 11:08
  turn C's miners into the country's first government run
• 11:11
  Bitcoin operation. So this isn't the first time
• 11:15
  we've seen this happen, but in Paraguay it seems like it's
• 11:18
  happening. They're going to create a
• 11:21
  state-run state sanction Bitcoin mining farm so that they can of
• 11:26
  course mine Bitcoin. So paragraph state owned
• 11:29
  electricity monopoly the administration national de
• 11:34
  electricity dad my Spanish sucks guys or Andy has signed a
• 11:39
  memorandum of understanding with Morphware setting the stage for
• 11:43
  a government LED Bitcoin mining program built around thousands
• 11:47
  of CS mining machines and unused hydroelectric.
• 11:50
  Power. This is where actually let me
• 11:54
  let me read this more and then I'll, I'll do kind of my, you
• 11:57
  know, pros and cons of this. So there's this agreement
• 12:00
  formalizes cooperation between Andy and Morph Ware, positioning
• 12:03
  Morph Ware as a technical and advisory partner for regulated
• 12:06
  Bitcoin mining operations in Paraguay.
• 12:09
  At the center of the deal is a growing stockpile of confiscated
• 12:11
  Bitcoin miners that Paraguayan authorities have seized from
• 12:14
  illegal operations across the country.
• 12:17
  According to morfwire founder and CEO Kenzo trabing traubing,
• 12:21
  the government is holding Bitcoin miners that were taken
• 12:23
  from operators accused of stealing electricity or falsely
• 12:26
  registering as other types of businesses to secure lower power
• 12:29
  rate quote. They're literally stacked to the
• 12:32
  ceiling describing government warehouses filled with idle
• 12:35
  machines. The wow.
• 12:38
  The pilot program will redeploy 1500 of the seized Bitcoin
• 12:42
  miners at Andy. Controlled sites, of course.
• 12:46
  Paraguay has become a a hotspot for Bitcoin mining.
• 12:49
  Now the probably hardcore Bitcoiners are looking at this
• 12:54
  and they're like, OK, you know, state's going to do what state's
• 12:58
  going to do. They're going to steal hardware
• 13:00
  and then they're going to use it to profit themselves.
• 13:02
  Now that's where my more cynical view of this kind of comes
• 13:06
  about. And it really reminds me of what
• 13:08
  we saw happen in Venezuela, not saying Paraguay is Venezuela per
• 13:13
  SE. And, and by that I mean, I don't
• 13:16
  know, obviously Paraguay is a South American country and if
• 13:19
  you know anything about Latin American countries is there is a
• 13:22
  lot of rampant corruption from the government level.
• 13:25
  So this is where I, I'm kind of maybe being a little cynical or
• 13:29
  maybe I'm being a realist or a pragmatist or whatever you want
• 13:32
  to call it. But this does, in my opinion,
• 13:36
  lead to the incentive structure of them potentially making it
• 13:40
  seem like all Bitcoin miners are having illegal mining
• 13:44
  operations, even if they do have the right paperwork.
• 13:48
  I think Paraguay, though, from what I understand and from the
• 13:52
  conversations I've had with, you know, say Frank Holmes or Kent
• 13:56
  from SAS Mining, it seems like the Paraguayan government is
• 14:01
  very excited and adamant about becoming a Bitcoin hotspot.
• 14:06
  Obviously a lot of hydroelectric power there that is unused.
• 14:10
  They, they are really trying to incentivize miners to come down
• 14:13
  there. But again, we have seen examples
• 14:17
  like this happen in the past. And again, I'm not saying
• 14:20
  Paraguay is as corrupt as Venezuela is, you know, I'm just
• 14:25
  saying there's a, there's a chance for corruption to occur.
• 14:29
  And by that, the game theory or maybe the attack vectors here is
• 14:33
  obviously now that they have a state sanctioned mining
• 14:37
  operation that's about to deploy, who knows what kind of
• 14:40
  shenanigans might happen once they realize how profitable it
• 14:44
  actually is for them to use basically 0 energy.
• 14:48
  You know, it's state sanctioned energy, state subsidized energy.
• 14:51
  It's basically free to them, even though no such thing is
• 14:54
  free in the world. And then they go around and they
• 14:57
  just start shutting down the competition.
• 14:59
  They start stealing Bitcoin miner corporations,
• 15:02
  infrastructure. They start, you know,
• 15:03
  confiscating more ASICS so that they.
• 15:07
  Can build a bigger state-run Bitcoin mining facility so that
• 15:12
  they can of course stack more Bitcoin.
• 15:15
  So hey. Interesting moves happening
• 15:18
  right now, obviously, I think it's pretty safe to say that if
• 15:23
  they are going to start mining Bitcoin on a state level, that
• 15:29
  they're probably going to do something on the lines of
• 15:32
  huddling the Bitcoin that they are stacking.
• 15:35
  I mean, yes, they could, you know, use the excess energy from
• 15:41
  their hydroelectric power plants and they, you know, can turn
• 15:44
  that into profits and they'll sell off a lot of that Bitcoin.
• 15:48
  I think it's a pretty safe bet or, you know, non zero chance
• 15:51
  that they will huddle a lot of that Bitcoin as well.
• 15:54
  So maybe on the one hand, in the first story, Brazil is trying to
• 16:00
  do a, you know, million Bitcoin strategic reserve, but they're
• 16:04
  just trying to incentivize Bitcoin miners to come down in
• 16:07
  Paraguay. Looks like they're going to do a
• 16:09
  state sanctioned Bitcoin mining operation, which will most
• 16:12
  likely lead to a strategic Bitcoin reserve or a nation
• 16:16
  state bag of Bitcoin. I I don't think that's too big
• 16:19
  of a stretch to say, as we are seeing around the world, the
• 16:23
  Bitcoin conversation, the promise of what Bitcoin is, the
• 16:28
  understanding that you might want to add Bitcoin to your
• 16:30
  balance sheets, whether you're a individual, corporation or a
• 16:34
  nation state. That conversation is slowly
• 16:37
  ramping up. It is becoming a real
• 16:39
  conversation. People are taking Bitcoin very
• 16:41
  seriously. Whether they like.
• 16:43
  Bitcoin or not, whether they think Bitcoin is money like we
• 16:46
  do, whether they need something that is neutral money that is
• 16:50
  not a political money, who knows exactly what they're thinking,
• 16:54
  But we do have concrete facts here.
• 16:57
  They are building a state sanctioned Bitcoin mining
• 17:00
  infrastructure. I'm, I'm pretty sure soon enough
• 17:04
  once this starts going, we will see coming out of Paraguay that
• 17:08
  they are huddling that Bitcoin, they built a strategic Bitcoin
• 17:12
  reserve. And again, as Daniel said,
• 17:15
  Daniel Batten said in the beginning, they're following the
• 17:18
  Bhutan lead, the the Bhutan play mod playbook here.
• 17:21
  And we know what Bhutan did. They have a strategic Bitcoin
• 17:25
  reserve. It might not be the biggest one.
• 17:26
  They are a small country, but OK, they're probably building 1
• 17:33
  as well. OK, now the probably big
• 17:36
  interesting news for this morning is we officially, well,
• 17:41
  actually it's not official per SE, but we're on the verge of
• 17:45
  seeing the second central bank to add Bitcoin to their balance
• 17:51
  sheet. I mean, we just heard literally
• 17:53
  earlier this week Ray Dalio saying I don't think central
• 17:56
  banks will ever hold Bitcoin. You know, it's not it's not
• 17:59
  private enough. Well, you know, I don't know if
• 18:02
  Ray Dalio knows, but there already is a central bank that
• 18:05
  holds Bitcoin and that is in the Czech Republic.
• 18:07
  Now we're on the verge or rather it's pretty much concrete sent
• 18:11
  stone that this is what they're going to do.
• 18:13
  We have the second central bank in the world saying we are going
• 18:18
  to add Bitcoin to our balance sheet.
• 18:20
  And who am I talking about? It's not a, you know, sexy name.
• 18:24
  It's not even the biggest country out there.
• 18:26
  But it is a country, so #2 soon enough will be on the board.
• 18:31
  And it is Kazakhstan. So Kazakhstan now says that they
• 18:37
  will diversify. This Kazakhstan Central Bank
• 18:41
  says they will diversify from gold and plans to invest in
• 18:45
  crypto in May. There's a lot to unpack with
• 18:50
  just this headline alone, but let me read this article a
• 18:53
  little bit coming from Yahoo finance.
• 18:55
  So Kazakhstan central bank has raised up to 350 million from
• 18:59
  its gold and foreign exchange and of course is planning to buy
• 19:05
  some Bitcoin, though this is saying plan to invest in crypto
• 19:09
  and actually this headline from Yahoo news and from what I did
• 19:13
  do some, you know, rudimentary research again, I, I'm, I'm
• 19:18
  using English headlines here and English journalists here to kind
• 19:22
  of paint the picture for me it they're they're using crypto
• 19:28
  right now. There is a debate to be had of
• 19:32
  whether when they say crypto, they mean Bitcoin and shit coins
• 19:35
  or when they use crypto doesn't mean Bitcoin.
• 19:38
  You know my boy, my my, the reigning cash Maxie on Rumble
• 19:41
  JJ, he's always like Opti always puts Bitcoin when they say.
• 19:45
  Crypto. Well, unless they specifically
• 19:49
  say Bitcoin and other things, when I hear people say crypto,
• 19:53
  it usually means Bitcoin. They just, you know, people use
• 19:56
  the term crypto to really say mean Bitcoin.
• 20:00
  Then they just I in my opinion, probably don't know any better.
• 20:03
  But hey, you know, I'm mind reading here anyways.
• 20:06
  The the bank plans to make these investments by May.
• 20:09
  So two months from now, the bank's deputy chair.
• 20:13
  Aaliyah Modabkova revealed that they are also looking to invest
• 20:18
  in crypto focus companies. Now this is where this article
• 20:23
  did does get a little confusing and and I'll I'll bring that up
• 20:27
  later. So Kazakhstan central bank is
• 20:29
  looking to invest in crypto assets as it diversifies its
• 20:32
  reserves from just gold. The bank has already raised up
• 20:35
  to $350 million from its gold and foreign exchange reserves,
• 20:39
  and it plans to invest in quote crypto assets, according to a
• 20:43
  Reuters report. This was on Reuters.
• 20:45
  But again, I, I don't have a Reuters paid account.
• 20:49
  I don't even have an account on there and I can't use archive.
• 20:52
  So I, I can't confirm this is true.
• 20:54
  It's just I'm using this article so that you guys could read
• 20:57
  along with me again. According to the Reuters report,
• 21:00
  the central bank's governor Timor Suleimanov revealed that
• 21:04
  they have formed a portfolio of up to 350 million from gold and
• 21:07
  foreign exchange reserves, which they plan to use to invest in
• 21:09
  crypto assets. Quote.
• 21:11
  We are currently developing a list of instruments in which we
• 21:15
  will invest. This includes not only
• 21:18
  cryptocurrency itself. So I mean, you know, strange,
• 21:23
  strange kind of framing here, but it looks like they're
• 21:27
  probably going to diversify into other things besides quote UN
• 21:30
  quote crypto or in my opinion, Bitcoin.
• 21:32
  But anyways, the governor of the Kazakhstan central bank
• 21:34
  suggested they would also invest in crypto stocks.
• 21:38
  He noted that the investment portfolio will include shares of
• 21:41
  high tech companies related to crypto assets, index funds and
• 21:45
  other instruments that exhibit similar dynamics to crypto
• 21:48
  assets. The set, this one, this is where
• 21:50
  this instance that I'm going to quote from her, this is the one
• 21:55
  that I, I believe yeah, yeah, I think this is the one that.
• 22:00
  Is is a weirdly weirdly. Framed It Goes Central bank's
• 22:05
  deputy chair Aaliyah Moldebakova stated that the instruments will
• 22:10
  investments will begin in April or May.
• 22:12
  We are quote. We are not talking about any
• 22:14
  large investments in crypto currencies.
• 22:17
  So I don't know, it seems to kind of contradict the headline
• 22:20
  and the other governor. We are currently selecting
• 22:23
  companies that deal with digital assets, for example, those
• 22:26
  involved in cryptocurrency infrastructure and we are
• 22:29
  currently in the process of selecting such companies.
• 22:34
  So from those two different quotes, it does sound like two
• 22:40
  different things, or like two different narratives are kind.
• 22:43
  Of playing out. The official, what it was the
• 22:46
  official governor of the Bank of Kazakhstan, Central Bank of
• 22:50
  Kazakhstan is like, yeah, we're going to diversify from gold
• 22:53
  into crypto assets into not just crypto, but, you know, crypto
• 22:59
  stocks, crypto assets. So I'm guessing some shit coins.
• 23:03
  And then the deputy chairs like, yeah, well, we're actually going
• 23:07
  to invest in companies that deal with digital assets.
• 23:10
  So is that going to be like micro strategy metaplanet, some
• 23:18
  like a Coinbase Bitcoin mining companies, ETFs, No clear kind
• 23:26
  of details on exactly what they're going to be buying, but
• 23:30
  maybe this is just PR headlines and and watch it when this
• 23:34
  actually happens in what is it? May it's going to be like, yeah,
• 23:38
  we, we bought some shit coin ETFs or something.
• 23:42
  I don't know. We we really, we don't have much
• 23:44
  information here. But anyways, this move comes as
• 23:47
  government's warm up to crypto with the US already planning to
• 23:50
  set up a strategic Bitcoin reserve.
• 23:52
  It also makes a growing trend as central banks begin to adopt
• 23:55
  Bitcoin as a reserve assets, of course, mentioning the Czech
• 23:58
  National Bank acquiring $1,000,000 worth of Bitcoin.
• 24:01
  So they are starting small, but hey, they said it was never
• 24:05
  going to happen and it's happening now.
• 24:08
  Of course, Deutsche Bank last year also said central banks
• 24:11
  could adopt Bitcoin alongside gold as a reserve by 20-30.
• 24:15
  And actually, one last tidbit here that I really wasn't
• 24:18
  familiar with. Again, I'm not a Bitcoin miner.
• 24:21
  I'm not totally in, you know, informed in every detail around
• 24:27
  Bitcoin mining. But this was pretty interesting
• 24:29
  that Kazakhstan ranks third in Bitcoin mining, just behind the
• 24:32
  United States and China. That's pretty huge.
• 24:35
  So third largest Bitcoin mining country is now saying, yeah, we
• 24:39
  we, you know, we like this Bitcoin thing.
• 24:41
  We see the profits that Bitcoin mining is brought to our country
• 24:45
  and we as a central bank want to diversify into Bitcoin.
• 24:51
  So the nation state, Bitcoin adoption, it is happening
• 24:55
  slowly, but it is happening now. I think the most interesting
• 25:00
  aspect of this headline and it does kind of connect with the
• 25:04
  Brazil bill proposal for a strategic Bitcoin reserve is it
• 25:10
  sounds exactly like the Senator Lummis playbook or the Senator
• 25:14
  Lummis Bitcoin Act. Of course, the Brazil strategic
• 25:19
  Bitcoin Reserve bill literally uses the same verbiage.
• 25:22
  It literally says the Senator Lummis bill, the Bitcoin Act
• 25:25
  says we want to acquire a million Bitcoin over five years,
• 25:29
  exactly what Brazil said. Now, the second part that we've
• 25:33
  all been talking about is in terms of the quote, budget
• 25:36
  neutral ways to acquire Bitcoin. And that's where this Kazakhstan
• 25:41
  news is interesting to me. Not just because it's a central
• 25:44
  bank saying we want to add Bitcoin to our balance sheet,
• 25:47
  but because they literally did exactly what we were talking
• 25:50
  about yesterday with Paul and exactly what Senator Lummus says
• 25:54
  we should probably be doing with our gold that's taken some gold
• 25:58
  profits and rolling it over into Bitcoin in the US.
• 26:01
  It's this idea that hey, we need to re evaluate our gold holdings
• 26:06
  again. The gold prices of EU s s
• 26:09
  supposed Bitcoin in Fort Knox is pegged at $35, which if you are
• 26:17
  somewhat awake you you remember that gold is currently priced at
• 26:21
  somewhere around $5000 per oz. EU s s gold is valued at $35.00
• 26:27
  an ounce. So Senator Lummis has been
• 26:29
  saying, hey, we just revalue the gold.
• 26:34
  You know, that that expands our balance sheet, that makes our
• 26:36
  balance sheet look good. And then we take some of that
• 26:39
  gold and we buy Bitcoin with it. Well, Kazakhstan is doing that
• 26:43
  as we speak, minus the revaluation part.
• 26:47
  They, I'm guessing, are using the spot price of gold, but
• 26:51
  they're taking some of the gold profits or, you know, the Fiat
• 26:54
  gains of gold. They're going to sell a little
• 26:57
  gold and they're going to start to diversify their central
• 27:01
  bank's portfolio into quote crypto assets, whatever that
• 27:05
  really means. The only real move here for them
• 27:08
  would be to acquire Bitcoin, in my opinion.
• 27:10
  I guess maybe strategy, you know, one of these Bitcoin
• 27:14
  treasury companies might also be a semi smart move here.
• 27:17
  I wouldn't be surprised if it's an ETFI wouldn't be surprised if
• 27:21
  they buy some shit coin stocks or you know, it, it ends up in
• 27:25
  some shit coins. Obviously, you guys remember we
• 27:28
  do have a supposed sovereign wealth fund in the United States
• 27:33
  with some, you know, fine print saying that yeah, we could buy
• 27:37
  some shit coins if we wanted to. So again, the ideas though, it's
• 27:42
  something I've been saying on the show for the last couple of
• 27:46
  weeks when I become very critical of what Donald Trump
• 27:49
  has been doing. It's that again, love or hate
• 27:52
  the guy, he has totally started the nation state Bitcoin race
• 27:59
  domino. It's fallen it it is.
• 28:01
  You can't put that back in the bag now.
• 28:04
  Whether you think the Trump administration is serious about
• 28:07
  buying Bitcoin, whether they will buy Bitcoin, whether they
• 28:10
  are currently silently buying Bitcoin, the conversation is
• 28:15
  happening. And again, you know, out of the
• 28:19
  deal, Trump. Just.
• 28:21
  Mega brain, Giga brain level, you know, deal making.
• 28:26
  He's been doing this forever. So you plant the idea, maybe
• 28:29
  it's an extreme idea. Then you come back and you
• 28:32
  basically compromise and you get what you initially wanted.
• 28:35
  It's really Hegelian. Dialectics, but just in a, you
• 28:38
  know, deal making capacity, well, we're seeing it play.
• 28:43
  Out Everyone is taking Trump's word that they want to stack a
• 28:48
  million Bitcoin or, you know, whatever, however much Bitcoin
• 28:52
  that they really want to buy Bitcoin in whatever capacity
• 28:55
  they can. So that the.
• 28:56
  Taxpayers don't have to, you know, foot the bill and they're
• 29:00
  taking that threat. Seriously, whether it's a threat
• 29:03
  or not, you, you could argue whichever way you want, but
• 29:07
  they're taking the idea of stacking Bitcoin seriously.
• 29:10
  And now we're seeing globally, other countries are like, yeah,
• 29:14
  we are not going to get left behind.
• 29:16
  We are going to. At the very.
• 29:18
  Least. Adopt to the new landscape here
• 29:22
  and take this Bitcoin idea seriously.
• 29:25
  So it's happening, totally happening, which is where I've
• 29:29
  been saying for the last couple of weeks again, when I've become
• 29:33
  probably a little more disillusioned with politics, you
• 29:36
  know, the last year for a little bit and it's like, oh, politics
• 29:39
  is all the rage. Let me let me try to sharpen my
• 29:41
  political chops here because again, maybe it's because I'm
• 29:44
  getting older. Maybe it's because it's what was
• 29:46
  all in the headlines, Bitcoin and politics.
• 29:50
  But Trump has definitely, at the very least started the idea of
• 29:56
  Bitcoin, and I think that is a great idea.
• 30:01
  I know where the show of separation money and state, but
• 30:04
  if any country is going to compete in the 21st century,
• 30:08
  they need to embrace Bitcoin. The idea of countries embracing
• 30:11
  Bitcoin, I think is a very good idea.
• 30:14
  Not just for me as a bag holder, not someone actually I don't own
• 30:18
  Bitcoin, right. Not not, not just for us that
• 30:22
  are. Bitcoin enthusiasts, but because
• 30:25
  if you are not first in this game, you are going to be last.
• 30:30
  And if you know anything about the science of money, about how
• 30:34
  money works. Where it is treated best, it
• 30:37
  will flow and we're seeing there is a lot of economic troubles
• 30:43
  around the world. So if you really want to have a
• 30:45
  leg up amongst your competition against your competition, it's
• 30:50
  in your best interest to embrace Bitcoin.
• 30:54
  I truly believe that the more that politicians fight Bitcoin,
• 30:58
  the harder. It is for.
• 30:59
  Them to maintain their position of power.
• 31:03
  Now I know. We're a little early.
• 31:04
  In this game, but I think for the next decade at least,
• 31:08
  obviously going further, it will be, can I say the word, the S
• 31:16
  word? It will be a political detriment
• 31:22
  to your rise in power if you are fighting Bitcoin.
• 31:25
  Again. It is early.
• 31:27
  I think we are still the vocal minority amongst the population
• 31:32
  that are pro Bitcoin and even further the ones that are 1
• 31:36
  issue voters around Bitcoin. It's like what's your Bitcoin
• 31:39
  stance then? I like you.
• 31:41
  I think we're still early in that game, but there is coming a
• 31:45
  time very soon where if you fight Bitcoin, you're you're
• 31:49
  literally actively fighting against the best interests of
• 31:52
  the people. Now that probably brings another
• 31:54
  can of worms here of whether politicians actually care about
• 31:57
  what the people think. But if they do.
• 32:00
  If they want to keep that myth alive, keep that narrative
• 32:03
  alive. They're going to have to embrace
• 32:06
  Bitcoin. So look, we're seeing it happen.
• 32:09
  It's happening in real time, guys.
• 32:11
  It's not just us doing click bait.
• 32:13
  It's not just us. As my boy Down Under Blues is
• 32:16
  saying, being propagandist about Bitcoin, It is happening.
• 32:20
  There is a fundamental shift in people's perspective of Bitcoin.
• 32:24
  It is slow. They have to go through their
• 32:27
  paces. They have to actually understand
• 32:28
  what this Bitcoin thing is, but it is happening.
• 32:31
  They're taking the idea of Bitcoin seriously.
• 32:34
  So in the face of all of the, I don't know, the, the, the Dumer
• 32:40
  Bitcoin takes, the demoralization around Bitcoin,
• 32:45
  one thing is true. They're having conversations
• 32:49
  about Bitcoin at the highest level.
• 32:50
  Hold on. Excuse me.
• 32:53
  Sorry, guys. I felt like I got a hair in my
• 32:54
  throat. It's happening OK, so hey maybe
• 32:59
  we're who knows where this bear market ends, but they're taking
• 33:05
  and they is the mythical they you know whoever's in power the
• 33:10
  the governments around the world, the politicians around
• 33:13
  the world they have to take this idea.
• 33:15
  The institutions around the world better better put are
• 33:18
  having to take Bitcoin semi seriously, whether they.
• 33:21
  Believe in it or not. It's besides the point.
• 33:24
  They have to seriously consider Bitcoin in some capacity.
• 33:29
  So we've come a long way. It's not perfect.
• 33:32
  It's never perfect. I I'm always up here saying,
• 33:35
  yeah, you know, I wish it was better, but at least it's kind
• 33:38
  of happening. I think it's only going to
• 33:40
  increase. OK, guys.
• 33:43
  Well, oh, I'll, I'll see if I can get it.
• 33:47
  Oops. I forgot to upload my video for
• 33:50
  you guys today guys. OK whatever whatever.
• 33:53
  I I saw an interesting clip. From Tucker Carlson, I'm again,
• 33:58
  you know me. I'm not the biggest Tucker
• 33:59
  Carlson fan, but he is a huge platform and he did this
• 34:03
  interesting new video I haven't fully watched.
• 34:06
  It but you get enough from the trailer and he's calling it the
• 34:11
  great Gold scam. Interesting, interesting video
• 34:16
  here. And since we're a Bitcoin show,
• 34:17
  you know, we have this love hate relationship with gold.
• 34:20
  Well, not necessarily with gold, but with the gold promoters like
• 34:24
  Peter Schiff. And then in the news, I do have
• 34:27
  another update on the Clarity act.
• 34:29
  I actually found this tracker on the Iran war that I think is
• 34:33
  very interesting. It it brings up a lot of ideas
• 34:36
  of the money printers coming back on.
• 34:38
  And I know I said I might have a meme review for you guys, but I
• 34:42
  didn't find any good memes guys, so I got some Mahopium for the
• 34:45
  end of the show. All right, so you're going to
• 34:47
  want to stick around. On that note, I'll be right back
• 34:49
  after our first commercial break.
• 34:53
  Today's episode is brought to you by Bitcoin Well Infinite.
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• 37:03
  All righty then guys, let's see. All right, I'm, I'm trying to
• 37:08
  upload the video for you guys. I'm behind the scenes so
• 37:10
  hopefully it uploads quick enough.
• 37:13
  The current Bitcoin price is $68,340 per Bitcoin.
• 37:19
  The discount from all time high is 45.8% the market cap.
• 37:26
  We're back in the threes bro. I don't know why the 1.3
• 37:32
  trillion just makes me feel so sad.
• 37:36
  Every time I see it, it makes me feel sad.
• 37:37
  Anyways, the market cap is 1.37 trillion and the block height is
• 37:42
  939,615 six point. 159396.15 is the block height.
• 37:50
  OK, let me see, Let me see. Am I close?
• 37:53
  Not really. OK, whatever.
• 37:54
  We'll have to go. We'll have to go the OG way so.
• 37:59
  I saw this clip again. I'm not the biggest Tucker
• 38:02
  Carlson fan personally. He's a great broadcaster.
• 38:06
  I do respect him as a broadcaster 100%.
• 38:09
  I respect him as a broadcaster. I just I'm not the biggest fan
• 38:13
  of his. Maybe it's because I know he I,
• 38:17
  I just, I don't know about him. OK, something about him feels
• 38:20
  fishy to me. But that's that's besides the
• 38:21
  point. He just did this video.
• 38:24
  It just came out yesterday. It's called the Great Gold Scam.
• 38:28
  And here's a tweet and it goes, people you thought you trusted
• 38:32
  are partnering with bad actors in the gold industry to scam
• 38:35
  you. And I saw this from Mike
• 38:37
  Germano. So shout out Mike Germano now at
• 38:40
  pub Key formally at Bitcoin magazine.
• 38:42
  He goes, Tucker Carlson expose the huge margins behind gold
• 38:46
  dealers and how those profits fund conservative media
• 38:48
  personalities. This will paralyze gold
• 38:50
  advertising and normies will look for new alternative assets
• 38:54
  with transparency, making a massive opening for Bitcoin
• 38:57
  exchange advertising. So super interesting.
• 39:00
  OK, it uploaded. I, I wasn't, I wasn't
• 39:02
  filibustering for it to upload. I really wasn't OK.
• 39:06
  And so this is how I saw. This is what it brought to my
• 39:09
  attention. And then I watched.
• 39:10
  The you know, the trailer, I will actually watch this episode
• 39:13
  so I can fully, you know, understand the the mechanisms,
• 39:17
  but you get enough from the trailer and you know, I I am
• 39:22
  going to bring this back home for me.
• 39:23
  So here's the clip and then I will chat a little bit about it.
• 39:29
  The gold industry bankrolls a lot of conservative media.
• 39:33
  Much of the gold IRA business is not actually about selling gold
• 39:37
  at all. It's about selling massively
• 39:39
  marked up coins to people who trust the voices delivering the
• 39:42
  pitch. Why is gold a hedge?
• 39:45
  I've decided to partner with the top rated precious metals
• 39:47
  company. American Heart for.
• 39:49
  Gold. But it's the fine print that
• 39:50
  matters, and what the average person listing doesn't know is
• 39:52
  how much these pitchmen are getting paid to tell you that
• 39:54
  the. Companies have the exclusive
• 39:57
  control over these coins. They can manipulate the price of
• 40:00
  the coins at any time. So.
• 40:01
  Then the question is, how can a gold company afford to pay a
• 40:04
  pitchman millions of dollars when it's gold?
• 40:06
  It's a commodity. It's price to set in the
• 40:08
  international market. I bought about $186,000 worth of
• 40:12
  gold and silver. 400,000 left in my 4 O 1K.
• 40:16
  The price was so high, exorbitantly high.
• 40:19
  How do they have margin that big to pay millions to sell their
• 40:22
  product? And that's when I realized
• 40:24
  something was terribly wrong. That's the dark side of it.
• 40:28
  What he said was these coins might be the best opportunity
• 40:31
  for me because you don't get as much of a loss and they tend to
• 40:36
  really accelerate when the market goes up, which obviously
• 40:39
  sounds so good to be true. We know this is happening
• 40:42
  because we talk to people who work inside these companies.
• 40:44
  The reality is there is no regulation.
• 40:47
  It's like putting a Band-Aid over a a a gunshot wound.
• 40:50
  And then we talked to people who lost their savings with these
• 40:52
  companies. They were pumping this company
• 40:54
  and I trusted them. And what we found is truly
• 40:58
  cynical. Trust in media is weaponized.
• 41:01
  They said 34%. There is no way.
• 41:06
  I heard 34%. I heard 4%.
• 41:09
  Commissions are so extreme that Americans losing their savings
• 41:13
  even as the price of gold rises. Why?
• 41:17
  Because they bought it for so much more than it's actually
• 41:19
  worth it. They can't redeem it.
• 41:20
  It's. So crushing I can't tell it's.
• 41:24
  A great gold scam. What's happening is widespread,
• 41:28
  it's legal, and almost nobody is talking about it.
• 41:30
  We are. Watch it now at Tucker.
• 41:32
  All right? You're going to watch the whole
• 41:35
  thing. I I will actually probably watch
• 41:37
  this one just so you know, I can understand it.
• 41:40
  Obviously we're in media. We had, we have advertisers as
• 41:45
  well, though we're bitcoiners and not gold bug shells.
• 41:50
  That's probably the stark contrast here.
• 41:52
  But I can tell you upfront, you know, Full disclosure, full
• 41:56
  transparency, you know, with our partners, they pay us to
• 42:01
  advertise you Bitcoin products. You guys know the product?
• 42:04
  Some of you love most of them, some of you don't love some of
• 42:07
  them, but for the most part, all of our partners.
• 42:11
  Are basically ways for you to either secure or use your
• 42:15
  Bitcoin in a better more Safeway.
• 42:17
  That's that's kind of our ethos here.
• 42:19
  But I have wondered and I've seen I've, I don't know if you
• 42:23
  guys watch, you know, conservative content or you
• 42:27
  know, other talking heads political content, but I did
• 42:31
  always wonder like. And and some of my favorite
• 42:34
  content creators, you know, you know me like, whether you love
• 42:38
  the guy or not, like Alex Jones is the GOAT.
• 42:40
  You know, he's one of the he's one of the greats at content, at
• 42:43
  least from our quote UN quote conspiracy cited, you know,
• 42:47
  alley of the Internet And I I would watch him every once in a
• 42:50
  while. And and this is not the, you
• 42:52
  know, take shots at Uncle Alex here, you know, like without
• 42:56
  him, we probably wouldn't be here.
• 42:58
  You know, we we jokingly call Nico, Nico Jones because he
• 43:00
  loses his shit like Alex Jones. But this is the only one that I
• 43:04
  can really Remember Me watching, that I watch occasionally or
• 43:07
  more than just occasionally. And I always wonder why they
• 43:10
  shield these gold products. So I'm I'm very interested in
• 43:15
  actually watching this so I can kind of break down the mechanics
• 43:17
  of this. But from just that short
• 43:19
  trailer, it seems, you know, like the scam is pretty now
• 43:23
  maybe scam is a little harsh per SE.
• 43:28
  You know, that's how that's how they get people to click it.
• 43:30
  That's what got my attention. Is, you know, they, they sell
• 43:33
  you these coins, they are sold with a premium and you have to
• 43:38
  buy a lot of them. So you're buying a chunk at a
• 43:40
  time and it's got a premium. But when you actually sell to
• 43:45
  redeem the gold in dollars when you actually need it, that whole
• 43:49
  premium vanishes and. You're barely making above
• 43:53
  market, if not less than market price, which you know, in
• 43:57
  Bitcoin doesn't happen at all. It's like if you buy Bitcoin
• 44:00
  from an exchange, yes, there's sometimes a float.
• 44:02
  Yes, there's a little discrepancy from when you buy
• 44:07
  the Bitcoin at whatever price to what you receive, you know,
• 44:10
  fees, etcetera, etcetera. But for the most part, as the
• 44:14
  meme goes, one Bitcoin equals one Bitcoin.
• 44:16
  I I, I know I fight with you guys in the chat about this
• 44:18
  sometimes. I'm like our self referential
• 44:21
  value. It really means nothing to just
• 44:24
  the average person. I know it means something to us,
• 44:26
  but for an average person, they're like, what the hell did
• 44:28
  the one Bitcoin, one Bitcoin equal 1 Bitcoin mean?
• 44:31
  That means nothing to me. And that's why I usually batter
• 44:34
  you guys. You guys are always like, you
• 44:36
  guys are Fiat Maxis. I thought you're Bitcoiners, but
• 44:38
  you price Bitcoin in dollars and I'm like, what else do you price
• 44:43
  things in like jars of Mayo? Like what are we talking about
• 44:47
  here? Yes, I get one Bitcoin equals
• 44:49
  one Bitcoin. It's a good meme, but in reality
• 44:52
  and practicality in the real world, that means nothing to
• 44:55
  most people. I get it, $1.00 equals $1.00.
• 44:59
  Sure, but what dollar are we talking about in one year?
• 45:03
  In what year? In terms of purchasing power,
• 45:07
  'cause that's totally different, but apparently, yeah.
• 45:10
  Anyway, I I digress, I digress. But if you do watch political
• 45:14
  content, you do see a lot of people shilling gold and silver.
• 45:19
  And so again, I'm very interested in watching this one.
• 45:23
  But from what I gather from this, it does seem a little
• 45:27
  nefarious. Yes.
• 45:29
  You guys yell at us for the ads. I get it.
• 45:31
  But we're running a business. We're running a media business
• 45:34
  and everything. We, we, everyone we partner with
• 45:39
  is basically a way for you guys to secure your Bitcoin or use
• 45:42
  your Bitcoin so that you guys can stack more Bitcoin.
• 45:46
  That's what it's all about. Like we don't, you know, there's
• 45:48
  no fine print with us. It's just, hey, we like these
• 45:52
  Bitcoin products. We use these Bitcoin products.
• 45:55
  We think you should use them too.
• 45:58
  It seems like there is a little more nefarious incentive
• 46:02
  structure coming from a lot of these talking head shows in
• 46:06
  regards to their gold contracts. And like Mike was saying, Mike
• 46:11
  Germano, it really makes you wonder why a lot of these
• 46:16
  political pundits are really anti Bitcoin when if they do
• 46:22
  believe in populism, if they do believe in the, you know, we the
• 46:25
  people, you know, government by the people, for the people, you
• 46:28
  think they would start talking about Bitcoin more favorably?
• 46:34
  Maybe now we know at least one of the root causes, they might
• 46:38
  have an incentive to just show gold because they make more
• 46:41
  money doing that. Like really there's not that
• 46:42
  much money in in Bitcoin. As you know, it's very hard to
• 46:46
  have a profitable business in Bitcoin.
• 46:49
  It's not that much profits in telling people, hey dude, you
• 46:54
  don't even need me, just stack Bitcoin, take it into self
• 46:58
  custody and repeat the process. Like there's not that much money
• 47:02
  in in telling people to do that. That's why a lot of people pivot
• 47:06
  from Bitcoin into shitcoins because you can make a lot of
• 47:09
  money shilling garbage to people because they either get, you
• 47:13
  know, a part of the pre mined coin or you know, they make some
• 47:18
  money off of every trade you do. And so they're incentivized to
• 47:22
  keep you on the hamster wheel. In reality, what we're doing
• 47:26
  here is I'm, I'm literally like, I'm working my way out of a job
• 47:31
  here. Because once you understand,
• 47:33
  hey, all I need to do is buy Bitcoin, take it into self
• 47:37
  custody. You literally don't need to come
• 47:39
  back. I've said that so many times on
• 47:41
  this show. I'm like, look, come hang out
• 47:43
  with us at Simply Bitcoin once you become a Bitcoiner.
• 47:48
  Once you understand that basic process, if I need to constantly
• 47:50
  be buying Bitcoin and securing that Bitcoin, it's like you
• 47:54
  don't have to watch this ever again.
• 47:55
  If you don't like us, once you get the message bro hang up the
• 47:58
  phone. But with that being said, I I do
• 48:01
  appreciate the fact. That you guys love hanging out
• 48:04
  with us, that you guys chill with me every single day.
• 48:07
  You know, I, I say it all the time and I mean it like I love
• 48:11
  you guys. I really appreciate the guys
• 48:13
  that hang out with you. I appreciate the guys that
• 48:15
  criticize us because I take it in, I try to make this show
• 48:18
  better for you guys. But it is very interesting to
• 48:21
  know that there might be a little more of a nefarious
• 48:24
  incentive structure for a lot of these big talking heads, big
• 48:29
  podcasters to be shilling gold. As the saying always goes,
• 48:34
  follow the money. Maybe that's why a lot of people
• 48:38
  aren't talking about Bitcoin. It's not that profitable to be
• 48:41
  like, just fucking buy Bitcoin and store the Bitcoin.
• 48:44
  It's really not that hard. So look, looks like we have a
• 48:48
  lot of uphill battles here as Bitcoiners to try to get more
• 48:51
  Bitcoin into the hands of people.
• 48:53
  And some of the people we might like might knowingly or
• 48:57
  unknowingly be part of the problem and, and slowing down
• 49:02
  Bitcoin adoption. That might be a bit of a
• 49:03
  stretch. You know, I I do like some of
• 49:05
  the people that and I maybe not some of the people that were
• 49:10
  shown in that clip, but I do like some people that do have
• 49:14
  gold sponsors on this show. It you know, but now I'm like,
• 49:18
  all right, I guess I have to watch this Tucker Carlson video
• 49:21
  here, But I'll get back to you if there's anything more than
• 49:25
  what we just heard in in that little trailer.
• 49:28
  Anyways, I do want to talk about a recent update on the clarity
• 49:33
  act. The short of it same place we
• 49:36
  were before. Nothing's really dude, nothing
• 49:39
  ever happens. Bros fell for it again.
• 49:42
  Award. Nothing ever happens award.
• 49:45
  I just, I got to update you, but I did find or actually shouts at
• 49:48
  the TFTC, they did find an interesting tracker, war tracker
• 49:54
  that we'll kind of talk about now.
• 49:56
  I think I will kind of talk about how this might relate to
• 50:00
  Bitcoin per SE, you know, how it relates to liquidity, what the
• 50:03
  Fed might do. So with that being said, I will
• 50:07
  be right back. I want to give a shout out to
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• 52:34
  Simply Hey, guys, I'm feeling the love in the chatter.
• 52:44
  I love you guys. I love you guys.
• 52:45
  I appreciate it. OK, let's let's get into a
• 52:50
  couple of news stories. The first one I I am going to
• 52:53
  read my girl. I she's not my girl.
• 52:55
  I don't know. I've never met her again, I've
• 52:57
  never met her. All right, let's not start any
• 53:00
  more rumors here, but I really do like her recent coverage.
• 53:04
  I think she's. Been doing a really good.
• 53:06
  Job. That's why I keep bringing her
• 53:08
  up on the show. I highly recommend you guys
• 53:09
  follow her. It is, of course, Eleanor
• 53:12
  Terret. She works for Crypto America.
• 53:15
  Again, I feel like I'm repeating myself constantly about where
• 53:17
  she works. Anyways, here's the recent
• 53:20
  update. This did come out yesterday
• 53:22
  night. So if you care about the Clarity
• 53:25
  Act, if you think it's going to do any good, if you are black
• 53:29
  pilled like me about it and you're just like whatever, let's
• 53:32
  just get on with it at this point.
• 53:35
  Either it fails or I guess something passes.
• 53:39
  Let's just like move on from this whole conversation.
• 53:43
  But again, I'm here to keep you updated on all of the different
• 53:47
  workings happening right now. So here's Eleanor's tweet.
• 53:50
  She goes new a post check on crypto market structure from a
• 53:53
  handful of conversations with industry sources today.
• 53:57
  So hot out the press. Well, hot off of last night's
• 54:00
  it's it's day. It's day old stale croissants.
• 54:02
  OK, so yesterday, OK goes. First on yield the Paul the the
• 54:08
  ball appears to be in Senator Tom Tillis's court.
• 54:11
  The North Carolina Republican was shaping up to be a holdout
• 54:14
  in January when the Banking GOP committee was preparing for a
• 54:17
  markup amendment from Tillis and Senator Also Brooks that
• 54:21
  restricted the scope of stable coin rewards issued by crypto
• 54:25
  firms were later cited by Coinbase as one of the several
• 54:28
  reasons it withdrew support of the bill.
• 54:32
  We did later hear that COIN base Brian Armstrong said, hey, you
• 54:35
  know, there is some compromise. We're coming to the table.
• 54:38
  And this is kind of what she relays here later on in this
• 54:41
  tweet. She goes now the White House has
• 54:44
  shared legislative text quote the result of the past month
• 54:48
  negotiation or sorry parentheses the result of the past month's
• 54:51
  negotiation with crypto and banks with Tillis's office,
• 54:54
  which has been meeting with industry and White House reps in
• 54:57
  recent days with talks described as.
• 55:00
  Quote A moving in the right direction.
• 55:04
  I've heard that before. Anyways, this tracks with my
• 55:07
  earlier reporting that there may never be a quote Eureka moment
• 55:11
  where crypto and the banks reach full agreement and right off
• 55:14
  into the sunset. Instead, it looks like language
• 55:16
  is being drafted around the minimum both sides can tolerate,
• 55:19
  with the ultimate goal of quickly getting something back
• 55:22
  to the Banking Committee to get the ball.
• 55:23
  Rolling again. So from this it goes into what I
• 55:29
  was kind of saying about compromise.
• 55:31
  You know, it's the common compromise meme is like if both
• 55:35
  negotiate, you know, both negotiators leave the table kind
• 55:38
  of unhappy, then it's probably a good compromise.
• 55:42
  It seems like maybe that's where we are.
• 55:44
  So I would say that that is probably healthy.
• 55:47
  We'll see what actually happens. Anyways, finishing up this tweet
• 55:50
  per Digital Chamber CEO Cody Carbone, quote, Senator Tillis
• 55:55
  has been very receptive to our discussions about stable coin
• 55:58
  yield. I'm optimistic we will find a
• 56:00
  way to get to a quote yes vote on the bill.
• 56:02
  And we appreciate his work to try to advance market structure
• 56:05
  rules of the road. To wrap this up, she goes even
• 56:09
  if no Democrats vote yes on the Clarity actor in the next
• 56:11
  Banking Committee markup, it could still pass along party
• 56:14
  lines. But Tillis's vote will be
• 56:16
  crucial. If there's no Democratic quote,
• 56:18
  buy in. Meanwhile, other industry
• 56:21
  stakeholders focus on different parts of the bill.
• 56:23
  Tell me the yield issue has quote, taken a lot of oxygen out
• 56:25
  of the room, leaving other sticking points mostly around
• 56:29
  defy out to pasture. Of course, there's this whole
• 56:31
  conversation about ethics and morals and defy, you know, she
• 56:35
  says here ethic concern will likely also remain top of mind
• 56:38
  for some of the Dem members. Anyways to end this she goes.
• 56:41
  One crypto trade exec said they're now considering
• 56:43
  alternatives if a Senate Banking markup slips further into the
• 56:46
  calendar year, but remains cautiously optimistic that the
• 56:50
  the next three weeks will produce enough progress on yield
• 56:52
  slash rewards and other issues for the Banking Committee to
• 56:55
  reschedule a markup in late March.
• 56:58
  OK, so like I said, to start this, the Senate, the the
• 57:05
  cynical fields, the pessimistic fields view is dude, nothing
• 57:08
  ever happens like and I'm not really convinced this is going
• 57:14
  to come out good and favorable for us, but.
• 57:17
  It does seem like they are on the end of March timeline at
• 57:21
  least. That's kind of holding up.
• 57:23
  Of course we covered it earlier in the week.
• 57:25
  Trump did pull put his hat in the ring and said hey, the banks
• 57:29
  need. To compromise, they need to kind
• 57:31
  of step back and let this Clarity Act pass because we are
• 57:35
  very serious about America becoming the crypto capital of
• 57:38
  the world. So maybe the pressure from Trump
• 57:41
  is kind of, you know, a little pushback on the banks and
• 57:45
  they're like, OK, shit. Like we have to, we have to pass
• 57:48
  something. Again.
• 57:49
  That's the kind of concern we have.
• 57:52
  To pass something doesn't necessarily mean it's going to
• 57:55
  be good, but they want to at least have the political win, in
• 57:58
  my opinion, of them passing something.
• 58:01
  Again, midterms are coming up. A lot of votes came for the
• 58:06
  quote, you know, crypto lobby from the crypto enthusiast.
• 58:09
  Of course, that was one of Trump's kind of campaign
• 58:12
  promises. So I think they want to get a
• 58:16
  political win, like a narrative political win here and get
• 58:20
  something passed. Again, maybe nothing is better
• 58:23
  than something, but it seems like they do want to get
• 58:26
  something passed by the end of March.
• 58:29
  Now, this is where the timeline does get interesting, OK?
• 58:36
  Which is if they don't get something passed by March again,
• 58:41
  they they're going to do this markup bill.
• 58:43
  Apparently they're going to reschedule at some point towards
• 58:46
  the end of March. But if they don't get this
• 58:48
  passed by March, it does feel like they're just going to
• 58:51
  continue to kick the can down the road.
• 58:53
  And if you know anything about politics, basically after June,
• 58:58
  like this year's session is all but over.
• 59:02
  Like, you know, in June, the politicians basically take a
• 59:06
  break and then they come back for a very short period.
• 59:09
  I believe it's about 3 weeks towards the end of the year.
• 59:12
  And on top of that, it is going to be the midterms.
• 59:16
  So probably nothing's going to happen from a federal level
• 59:20
  perspective. So the timeline is getting tight
• 59:23
  here. What?
• 59:24
  It's March we got. April, May, June, maybe 3 months
• 59:28
  here. Maybe two months if this doesn't
• 59:32
  pass into March and we know how slow the machine moves.
• 59:37
  So the the timeline is getting tight guys.
• 59:40
  If this doesn't pass within the next three, we're like we don't
• 59:42
  have till the end of 2026 to get this passed.
• 59:45
  We, we, you know, once the midterms start to happen.
• 59:49
  As we've kind of been covering, it doesn't seem like the
• 59:51
  Democrats are that favorable towards anything Bitcoin at this
• 59:54
  point. Yes, it's not a monolithic, you
• 59:57
  know, entity. There's there's some pro Bitcoin
• 59:59
  Democrats. But from the rate that things
• 1:00:05
  are going for the Trump administration, it does seem
• 1:00:08
  like Trump is most likely going to lose the House.
• 1:00:11
  Or rather, the Republicans are probably not going to maintain
• 1:00:15
  the, you know, majority in the House.
• 1:00:18
  And if the Democrats get in, I doubt anything's going to happen
• 1:00:22
  from 2026 onwards until 2028. So there's about 3 months to get
• 1:00:29
  this passed. We'll see if anything, if
• 1:00:32
  there's a significant breakthrough in the next couple
• 1:00:36
  of weeks before the end of March.
• 1:00:37
  But again, if this doesn't pass or does the market bill doesn't
• 1:00:41
  even get approved by end of March, I don't see this passing
• 1:00:47
  after June. So that's the timeline here,
• 1:00:49
  guys. If nothing happens by June, I
• 1:00:53
  think, you know, another OPTI vindicated award here.
• 1:00:58
  I don't think anything's going to happen.
• 1:00:59
  So again, maybe pessimistic, maybe cynical.
• 1:01:02
  It is what it is. All right, I do want to, I do
• 1:01:04
  want to bring up 11 little thing here.
• 1:01:07
  Before I I give you guys some opium at the end of the show,
• 1:01:10
  but TFTC posted this and I had to search for the actual
• 1:01:14
  website, thewebsiteisiran-cost-ticker.com
• 1:01:20
  and it is the cost for the Iran war since what, Saturday?
• 1:01:28
  So we're on day six of the war and it's cost the US about $6.6
• 1:01:36
  billion so far. So it seems like they're burning
• 1:01:40
  through about a billion dollars per day.
• 1:01:44
  Now why is this important? We what's the implications here?
• 1:01:47
  Rather is actually, let's see, let me let me go.
• 1:01:51
  And so they're spending 11 point $5000 per second, 41 point
• 1:01:56
  641.666 million per hour, and about a billion dollars per day.
• 1:02:04
  So a billion dollars per day for Operation Epic Fury, which is
• 1:02:09
  not a war. It's just an operation because
• 1:02:11
  legally they can't call it a war because there's some hot water
• 1:02:14
  around the fact that Congress didn't approve a war.
• 1:02:17
  And now they're doing like they're trying to limit Trump's
• 1:02:20
  power over there. But legally it's an operation.
• 1:02:23
  It's not a war, though it is starting to look like it's going
• 1:02:28
  to be a prolonged war. It's, it seems like I, I have
• 1:02:31
  friends, you know, one of my buddies, he's Iranian and he's
• 1:02:34
  like, trust me, it's not going to be a forever war.
• 1:02:38
  And I, you know, I really want to believe him.
• 1:02:40
  I, I, I liked his perspective. But when you listen to what the
• 1:02:47
  Trump, Oh, oh, sorry, I didn't pull it up, guys.
• 1:02:50
  When you listen to what the Trump administration has been
• 1:02:54
  saying since the start of this operation, it really feels like
• 1:03:01
  they have no, no effing plan here.
• 1:03:04
  It feels, you know, I think they initially thought this was going
• 1:03:08
  to be a Venezuela scenario where they would get in, you know,
• 1:03:12
  Friday night, it would be done by Monday before the markets
• 1:03:15
  close. And then Monday rolled around
• 1:03:18
  and they're like, oh, this might be 4 or five days and we're
• 1:03:22
  like, OK, you know, whatever. Then it went to like 2 to 4
• 1:03:26
  weeks and everyone's like, oh, OK, two weeks to stop the
• 1:03:28
  spread. I think I've heard this before.
• 1:03:30
  And then they went to four or five months and then the latest
• 1:03:34
  thing we've heard is it's going to be 100 day war and.
• 1:03:38
  Probably at minimum going to. Last until September so they
• 1:03:43
  continue to spend a billion dollars a day and this lasts
• 1:03:49
  till September. 100 day war. Then I guess it's pretty safe to
• 1:03:54
  say that at minimum they will spend about $100 billion for
• 1:03:58
  this operation in the middle Middle East.
• 1:04:01
  Now what is all of you think about?
• 1:04:06
  I think they have a plan bro. I just don't think it's going as
• 1:04:10
  they planned it is what I'm saying.
• 1:04:12
  Based on their rhetoric, it seems like every other day
• 1:04:17
  they're changing what is happening and it, you know, it's
• 1:04:20
  almost like they're trying to get a narrative that sticks is
• 1:04:24
  all I'm kind of saying. Obviously, I think they had a
• 1:04:26
  plan. But anyways, I, I digress.
• 1:04:29
  So again, if we take the latest numbers that were given to us
• 1:04:36
  yesterday about or maybe it was sorry, it might have been 2 days
• 1:04:40
  ago. No, it was yesterday.
• 1:04:42
  I think it was yesterday about we're probably going to be in
• 1:04:45
  Iran for 100 day war. So they're probably going to
• 1:04:50
  spend about $100 billion on this operation minimum or so it
• 1:04:57
  seems. And then I don't know if you
• 1:04:59
  guys saw this morning, but Trump did just tweet this morning that
• 1:05:03
  they have no plans of pulling out And the only thing they are
• 1:05:08
  looking for is like here, actually, let me let me pull it
• 1:05:13
  up so I can I can I won't butcher it.
• 1:05:16
  You guys know I I suck at quoting things.
• 1:05:18
  I butcher things all the time. But on true social this morning,
• 1:05:23
  Trump did tweet about the war latest update, you know, hot off
• 1:05:26
  the press. Let me see.
• 1:05:28
  I think should have it right here.
• 1:05:32
  I guess I don't have it right here.
• 1:05:34
  Let me, let me pull it up real quick.
• 1:05:38
  Bear with me, guys, bear with me.
• 1:05:41
  Let's go here. So here we are.
• 1:05:43
  I'm on Truth Social and here is the latest update which happened
• 1:05:51
  this morning. Dude, True Social's kind of ass,
• 1:05:55
  right? Sorry, I thought that said
• 1:05:59
  Michelle weekly. I'm like, what's all right
• 1:06:02
  anyway? Anyway, all right, sorry, don't
• 1:06:04
  blame me. This is this is true social just
• 1:06:06
  being ass tweet so much Where where was it?
• 1:06:11
  Where was it? Did I scroll past it?
• 1:06:16
  No, I think it's right here. Sorry guys, I should have had
• 1:06:18
  this up, but I didn't think I was going to cover it at the
• 1:06:22
  honestly, I thought I'd remember it better.
• 1:06:26
  Here we go. Five hours ago, latest update.
• 1:06:30
  Donald Trump says there will be no deal with Iran except
• 1:06:33
  unconditional surrender. After that and the selection of
• 1:06:37
  a great and acceptable leader, we and many of our wonderful and
• 1:06:41
  very brave allies and partners will work tirelessly to bring
• 1:06:43
  Iran back from the brink of destruction, making it
• 1:06:46
  economically bigger, better and stronger than ever before.
• 1:06:48
  Iran will have a great future. Make Iran great again.
• 1:06:51
  Miga. Yo, hey, yo, hey yo chill bro,
• 1:06:56
  hey yo, chill. OK, anyway, right, So what why,
• 1:07:02
  why am I bringing this up? Really obviously, you know the
• 1:07:06
  meme, you know Fiat is the money of war.
• 1:07:08
  They got to where do they get the money?
• 1:07:11
  You know, wars cost money. Where do they get the money?
• 1:07:13
  They get print the money out of thin air.
• 1:07:15
  That's where the money comes from.
• 1:07:17
  It's not like we have a war chest that you know, we that
• 1:07:22
  runs out when we. Run out of money and the war is
• 1:07:25
  over. You know what?
• 1:07:27
  What do you say? Again, unconditional surrender,
• 1:07:29
  sorry. And so anyways, the reason I'm
• 1:07:31
  bringing this up today is because I think the implications
• 1:07:34
  here in regards to Bitcoin are very interesting.
• 1:07:38
  Again, if you read between the lines, a lot of things are
• 1:07:43
  pointing to the money printer is going to turn on.
• 1:07:46
  Not only are we going to go into the midterms and there is this
• 1:07:51
  idea circulating that they're going to basically buy off the
• 1:07:55
  voters because Trump has the lowest, you know, polling right
• 1:07:59
  now than ever before. So people are not that happy
• 1:08:02
  with what he's doing. Though the polls for from the
• 1:08:06
  Republican side of, you know, going to war is very favorably.
• 1:08:10
  I think it's up to like 80%. So most Republicans are OK with
• 1:08:13
  going to war. Trump's overall ratings are the.
• 1:08:17
  Lowest he's ever been, anyways. And I, I think it's pretty safe
• 1:08:21
  to say that the money printer is turning on in a, in a big, big
• 1:08:25
  way. And I, I don't want to be like
• 1:08:28
  the normie, you know, normie political pundit here and be
• 1:08:33
  like, oh, you know, Iran war is just Iraq War 2 point O that's
• 1:08:38
  not what I'm saying here. But historically, when the
• 1:08:43
  government gets into trouble, they usually find an excuse to
• 1:08:48
  go to war so that they can turn on the money printer and they'll
• 1:08:52
  blame the war. If this is a prolonged
• 1:08:55
  operation, 100 days plus, the money printer is going to turn
• 1:09:02
  on. OK, You want to protect
• 1:09:04
  yourself, you need to save in something that they cannot
• 1:09:06
  debase. Obviously, we are Bitcoin
• 1:09:09
  advocates here. This is a Bitcoin show.
• 1:09:12
  I think you need to buy Bitcoin. It looks like the liquidity is
• 1:09:15
  going to expand. It looks like they're going to
• 1:09:18
  print a lot of money, whether that's for this war or whether
• 1:09:21
  that's the buy off votes for the midterm.
• 1:09:24
  The money printer is all but secured.
• 1:09:26
  It is turning on. Remember, we are no longer in
• 1:09:29
  QT. We are in not QEQE.
• 1:09:33
  So it's it's, it's, it's building, it's going to happen.
• 1:09:36
  They haven't turned it on yet, but it's definitely warming up.
• 1:09:39
  You know, it's like, it's like my old truck.
• 1:09:41
  You know, you got to turn it on, let it warm up for a little bit
• 1:09:43
  so you don't mess up the car anymore.
• 1:09:46
  I I think that's where we are right now.
• 1:09:48
  OK, That's, that's my political, that's my simply politics for
• 1:09:52
  you guys today. And it goes back to the same
• 1:09:54
  thing. They're going to turn on the
• 1:09:55
  money printer. The money printer is coming back
• 1:09:57
  on now. You guys could, you know, call
• 1:09:59
  me a boomer, whatever you want. You call me an army.
• 1:10:03
  But again, we talk about topics cultural, political, usually
• 1:10:11
  economically, usually with a Bitcoin bet.
• 1:10:14
  And that's what I'm seeing when I'm raining this stuff.
• 1:10:16
  When you see the Iran cost tracker, when you see only
• 1:10:20
  unconditional surrender. The war seems to be spreading
• 1:10:24
  out. The timeline seems to be
• 1:10:25
  extending. Just knowing a little bit of
• 1:10:28
  history, when we go into war, you print money usually, you
• 1:10:32
  know, you could argue what the reasons are for the war, But a
• 1:10:34
  lot of times when the economy is not doing so hot, you start a
• 1:10:38
  war so that you can, you know, inject a lot of money, print a
• 1:10:41
  lot of money and get the GDP up. Anyways.
• 1:10:45
  I look, I don't see the money yet either.
• 1:10:47
  I think it's just warming up, bro.
• 1:10:49
  I think it Fiat never runs out. Exactly, exactly.
• 1:10:53
  All right guys, I will wrap up today's show with a little bit
• 1:10:56
  of opium. You guys know I've become a Wick
• 1:10:59
  off Maxi? Barely know what that means but.
• 1:11:03
  Hey. I like a little opium and I did
• 1:11:05
  cover it on the show before and I thought my models or my I
• 1:11:10
  guess it's Tai know I said TI it doesn't work, but I'm going to
• 1:11:14
  make the case that maybe the wake off accumulation is still
• 1:11:18
  in play. Oh wait, Actually, before I go,
• 1:11:20
  I do. I do have to give a huge shout
• 1:11:23
  out to our boys over at Bitcoin magazine.
• 1:11:26
  Shouts out to Nick Cam mine. I know he doesn't own the
• 1:11:29
  company, but that's my boy. We will be at.
• 1:11:32
  Bitcoin 2026 in Las Vegas April 27th through.
• 1:11:36
  The 29th at the Venetian in Las Vegas.
• 1:11:40
  Taking over Las Vegas again, I believe, if I remember
• 1:11:43
  correctly, this might be the last year in Vegas.
• 1:11:47
  They might it might be one more year, but I'm I'm almost
• 1:11:50
  positive that it's going to be the last year in Vegas.
• 1:11:52
  So if you want to see bit corners take over Las Vegas,
• 1:11:55
  make sure you get your tickets today.
• 1:11:57
  If you use the promo code simply, you will get 10% off.
• 1:12:01
  Of course, get your tickets now before you start following at
• 1:12:07
  the last minute. And tickets are more expensive.
• 1:12:10
  Take it now and you never know. Maybe you could?
• 1:12:12
  Get some more stats for it later.
• 1:12:16
  All right, guys. All right, guys, I'll be right
• 1:12:18
  back. I want to give a shout out to
• 1:12:20
  our partner Hive Digital Technologies.
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  infrastructure. You can catch the latest buzz at
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  Hive Digital Tech or at Hive Digital Tech dot.
• 1:12:57
  Com all righty then guys so before you yell at me because
• 1:13:05
  yesterday I did you know play that Sam druckenmiller video of
• 1:13:09
  him saying T as ass and it doesn't work anymore wait I
• 1:13:14
  forgot this is a family friendly show that TA is astrology for
• 1:13:19
  mend and your lines. Your magic lines on the chart
• 1:13:23
  don't mean anything. I know I said that yesterday,
• 1:13:27
  OK, I know, I know I'm I'm acknowledging the fact that I
• 1:13:32
  said that yesterday, OK, and this is Friday, but let's see.
• 1:13:39
  I I I triggered some people over the Iran war stuff.
• 1:13:42
  My bad. Deep stink.
• 1:13:43
  Let me see. Hold on a bit, dude.
• 1:13:48
  You know I'm left side of the bell curve, bro, come on.
• 1:13:51
  You're you're dude, water is wet.
• 1:13:53
  Come on. OK, anyway, I'm fighting in the
• 1:13:56
  I'm fighting in the Jack. OK, this tweet.
• 1:13:59
  So I actually found this tweet after I was looking at the
• 1:14:05
  actually here. Let's let's start with the
• 1:14:06
  chart. No, no, we'll start here.
• 1:14:08
  I don't know. This guy is some shit corner.
• 1:14:11
  I'm guessing he's ATA. He's ATA.
• 1:14:14
  Guru. Let's go.
• 1:14:16
  Wow. I'm cooking myself.
• 1:14:18
  Anyways, you know, making the case here because Wickoff died
• 1:14:22
  in 1934, but his map is drawn on this chart right now.
• 1:14:26
  You know, he's saying every green box, every red box, the
• 1:14:29
  same pattern repeating for five years across every cycle Bitcoin
• 1:14:31
  has ever had. You know, whatever you can make
• 1:14:34
  the case that he's wrong. I I know some bit corners that I
• 1:14:37
  like and respect that we're making.
• 1:14:39
  Oh no, was that what's the wave 1 Elliott wave?
• 1:14:43
  OK, no, sorry. They were Elliott wave Maxis.
• 1:14:45
  If you know, you know, and anyways, you guys, this is not a
• 1:14:47
  this is not a coincidence. It's happening right now.
• 1:14:51
  Remember I I did bring this up a couple of times the last couple
• 1:14:54
  of weeks. I'm like, maybe it's happening
• 1:14:56
  like, you know, you guys want some opium here.
• 1:14:59
  This Wick off accumulation seems to maybe be playing out.
• 1:15:02
  That's why I'm like I'm a Wick off accumulation maxi right now
• 1:15:05
  because I I need the opium. All right?
• 1:15:07
  I I really, I just don't want Niko to be right.
• 1:15:09
  And it goes into the 40K SII want to I want to be like, see,
• 1:15:12
  hey, look, you were right 126 at the top, but you were wrong.
• 1:15:16
  So I could be like, you were wrong about it going to 40.
• 1:15:18
  Ki told you it's going to go up. It's going to go sideways.
• 1:15:21
  It's going to go up again. OK, so this is really for me.
• 1:15:24
  I I'm holding myself accountable here, but really I'm trying to
• 1:15:27
  hold Niko accountable and really I just, I just want him to be
• 1:15:31
  wrong, OK? I just want him to be so effing
• 1:15:33
  wrong. So if you take that smug look
• 1:15:37
  off, it says all right, Anyways, here's the real question Now the
• 1:15:43
  question every trader or all of us need to ask ourselves.
• 1:15:47
  Are we seeing an accumulation phase and then we'll see the
• 1:15:50
  next leg up? Or are we seeing a
• 1:15:52
  redistribution phase and we're going to see another leg down or
• 1:15:56
  this a dead cat bounce? And I think that's that's the
• 1:16:00
  that's kind of the debate. Actually.
• 1:16:02
  I, I do want to bring this meme up.
• 1:16:04
  I finally found the meme that I was that I was telling you guys
• 1:16:09
  about. And this is literally Nico and I
• 1:16:12
  on this show constantly. Let me dude, I I knew I should
• 1:16:16
  have saved this bro. I am all over the place today.
• 1:16:18
  My bad guys, But there's this meme.
• 1:16:21
  It's a perception is everything and it is of a guy watching a
• 1:16:28
  line documentary and a guy. Wow, dude, is this this better
• 1:16:32
  not be up. These these Twitter searches are
• 1:16:36
  yo, these Twitter searches are crazy.
• 1:16:40
  OK, I can't find it. I'm glad to wait.
• 1:16:43
  Let me. Yeah, OK, I'm glad this is not
• 1:16:45
  on the screen. Yo, this is crazy.
• 1:16:47
  All right, anyways, you're you're just you're just going to
• 1:16:51
  have to take. Here's my meme review for the
• 1:16:53
  day. OK, there's this meme, and it is
• 1:16:57
  a picture of a lion attacking an antelope.
• 1:17:01
  On the left. It says lion documentary.
• 1:17:04
  And it's a guy like, yeah, when the lion is, you know, attacking
• 1:17:08
  the antelope. And then on the flip side is the
• 1:17:11
  same exact picture, but on the top it says antelope
• 1:17:15
  documentary. And the guy's like, oh, no.
• 1:17:18
  And I think that's why I wanted to bring this up today, because
• 1:17:23
  this is what you're seeing on the show.
• 1:17:25
  I'm kind of on the view of like, it looks like we might be doing,
• 1:17:29
  you know, an accumulation phase and we're gonna go higher.
• 1:17:32
  Nika's like, it looks like we're probably gonna go lower.
• 1:17:35
  We're doing a, a redistribution phase, therefore going lower.
• 1:17:40
  And then he goes, you know, whatever, whatever the pattern
• 1:17:44
  is always the same because human behavior is always the same.
• 1:17:48
  From 1934 to 2026. Fear and greed do not change.
• 1:17:51
  That's kind of I think the bigger idea here is I I don't
• 1:17:55
  really think our lines on the chart mean anything like Tai
• 1:17:59
  think is kind of ass. You could say that this is TA,
• 1:18:03
  but that idea, like human psychology hasn't changed.
• 1:18:08
  And say what you know, whatever, whatever your, your human
• 1:18:13
  history book that you believe in tells you whether we've been
• 1:18:16
  around for hundreds of thousands of years or whether it's 6000,
• 1:18:22
  humans haven't changed. Like, yes, our bodies might
• 1:18:26
  become a little more advanced, but our brains pretty much
• 1:18:29
  haven't changed. Anyways, why am I saying all
• 1:18:31
  this? This is where the opium comes
• 1:18:34
  in. All right, I'm going to I'm
• 1:18:35
  going to flip back and forth on a few things here.
• 1:18:38
  So this is what you're seeing here.
• 1:18:42
  Actually, let me go back. So you know, it's saying this
• 1:18:45
  chart is saying it's redistribution, but this re
• 1:18:48
  accumulation phase thing, or rather maybe this one here after
• 1:18:53
  kind of a blow off top accumulation, big money loads up
• 1:18:56
  quietly. This is kind of the pattern, you
• 1:19:00
  know that you'll see on the chart, but this is like the
• 1:19:02
  official view of it from a Wick off accumulation perspective.
• 1:19:09
  You know, it'll hit a point, bounce up again, it'll drop
• 1:19:11
  down, it'll go a little higher, but not as high.
• 1:19:14
  It'll come back down but not as low, and then it goes back up to
• 1:19:18
  where it started and then it comes back down a little lower
• 1:19:20
  and then it goes sideways. A spring, a test, yadda, yadda,
• 1:19:23
  yadda. Why am I bringing this up?
• 1:19:26
  Because guys, I don't know, man, I don't know.
• 1:19:30
  It's looking here, let me take these off.
• 1:19:32
  It's looking like we might we might be seeing exactly that
• 1:19:36
  happen. So here's my hope in for the
• 1:19:38
  day. I'll put these charts so you
• 1:19:39
  can, I guess see a little while these these these lines here,
• 1:19:42
  these boxes that there's has nothing to do with the wake off
• 1:19:45
  accumulation, you know, pattern, but it it gives you a better
• 1:19:50
  little better framework here. So you know, again, it's it's
• 1:19:55
  reality. So it's not as perfect as the,
• 1:19:58
  you know, the form of a wake off accumulation.
• 1:20:02
  But comes down to a deep level again, here we go.
• 1:20:06
  It comes down and then it pops back up a little bit.
• 1:20:10
  Come back up, you know, pops back up a little bit.
• 1:20:13
  Notice notice it's height and then you know it does a little.
• 1:20:18
  Squiggly and then it shoots back up again, you know, comes out a
• 1:20:22
  little squiggly shoots back up again, and then it comes back
• 1:20:25
  down. This is this is TA, this is,
• 1:20:28
  this is what you get. This is what you pay.
• 1:20:31
  For in my paid the TA group here it comes out, it comes back down
• 1:20:36
  anyways, and then there's a spring, which we didn't really
• 1:20:39
  see a spring, but we did see it kind of go lower.
• 1:20:43
  You know, it didn't go this slow, but it's lower than all
• 1:20:45
  these other ones. Anyways.
• 1:20:47
  The reason I'm starting to be even more of a Wick off believer
• 1:20:51
  is because the implications, it's implications.
• 1:20:54
  It's this SOS line where we finally get a breakout and I'm
• 1:20:59
  you know, I don't know, we might be going lower.
• 1:21:00
  This could be a suckers rally, could be the breakout.
• 1:21:04
  This part is looking, at least to me again, TA is looking at
• 1:21:10
  the same chart with a different perspective.
• 1:21:14
  Honestly, it feels like maybe this is where we are so breakout
• 1:21:19
  above this initial kind of point and then it corrects.
• 1:21:24
  So if we see here, let me let me do this.
• 1:21:27
  Dang. Oh, here we go.
• 1:21:29
  If we see something like whoa, what's going on here?
• 1:21:34
  Color is this dude, I'm so blind.
• 1:21:38
  OK, if we wait, wait, wait, wait.
• 1:21:40
  Let me let me do let me do that again.
• 1:21:43
  Oh, wait. OK, OK, so if we see something
• 1:21:46
  like boom, damn, boom, boom up. I don't know if it'd be that
• 1:21:53
  high, but you, you, dude, my lines are so good.
• 1:21:57
  OK, that that's so ugly. That's crazy.
• 1:22:01
  All right, let me let me do it while we're done.
• 1:22:04
  This is fun. All right?
• 1:22:06
  I'm having fun. I don't care if you guys are.
• 1:22:08
  I'm having fun right here. OK, All right, So if we see
• 1:22:11
  something like, you know, pop up, damn, boom, up here to
• 1:22:19
  there, kind of, you know, whatever.
• 1:22:21
  That one looks a little better. I don't know, man.
• 1:22:25
  Am I smoking the opium? Are we smoking the opium
• 1:22:29
  together? You literally not making any
• 1:22:32
  sense. I don't know.
• 1:22:35
  I thought I made some sense there.
• 1:22:38
  Traitor. It's true.
• 1:22:39
  All right, Well, can you draw the Opti whack off?
• 1:22:42
  Why the it's white? Whatever, dude.
• 1:22:53
  As you can tell, I'm not a dude. I'm so color blind, guys.
• 1:22:58
  All right, whatever, whatever, whatever, dude, whatever.
• 1:23:00
  It's Friday. The TLDR is we might be seeing a
• 1:23:04
  little bit of volatility up in this.
• 1:23:06
  What range in the about 74 to 68 range.
• 1:23:19
  So if we kind of do a little, you know, a little wait, I mean
• 1:23:25
  how do I do it backwards? Wait, no, the other way, a
• 1:23:27
  little boom, boop, come back up, something like that.
• 1:23:32
  So for the next few days, basically, the short of it is we
• 1:23:38
  might be seeing a little volatility in the next few days,
• 1:23:42
  but I think probably by this time next week, we might, we
• 1:23:47
  might like all I'm saying, all I'm saying guys, is we might, we
• 1:23:52
  might be out of the woods is what I'm hoping.
• 1:23:55
  It's not just what I'm saying, it's what I'm hoping.
• 1:23:57
  So we are in this together. We are drinking the orange
• 1:24:01
  kool-aid. We are smoking the pure hydro
• 1:24:05
  opium. It's a family show.
• 1:24:09
  It's a family show, all right. What catalyst do you foresee do
• 1:24:14
  what catalyst do you forecast for us getting to your
• 1:24:17
  progression projections? Just, you know, buying it's,
• 1:24:21
  it's really, it's really all the institutional buying that we're
• 1:24:24
  seeing you guys stacking. I think the general uncertainty
• 1:24:27
  of what's going on in the geopolitical macro markets, I
• 1:24:33
  think watching what is happening in the in the broader market.
• 1:24:37
  So not just Bitcoin is I know you guys don't like to do that,
• 1:24:41
  but it's something we should be doing.
• 1:24:43
  Like if you're looking, if you're watching stocks and gold
• 1:24:46
  and silver right now, you are at least all of this week, you're
• 1:24:52
  starting to see that potentially they are pricing in what a
• 1:24:58
  quote, UN quote forever war might mean.
• 1:25:01
  And again, if you're looking at S&P 500, QQQ, Dow, they're
• 1:25:07
  looking pretty toppy. They've been crashing.
• 1:25:11
  I think they are finally pricing in what the, you know, a
• 1:25:16
  prolonged war in the Middle East actually means not looking too
• 1:25:21
  good. Hence they might be looking for
• 1:25:25
  a, you know, an escape to safety, Bitcoin neutral, scarce
• 1:25:29
  money, which we're seeing the Iranians do, or rather sorry, my
• 1:25:32
  friend told me they like they're they're called Persians.
• 1:25:35
  What we're seeing the Persians do currently by buying a lot of
• 1:25:39
  Bitcoin in Iran and taking it off the exchanges.
• 1:25:44
  It could, you know, actually, I think I brought this up on the
• 1:25:47
  show and, and this is where I ended.
• 1:25:48
  I'm I'm filibustering. I'm not I'm rambling.
• 1:25:53
  Me and Sophie were were kind of trolling on Monday when we saw
• 1:25:59
  Bitcoin kind of pump instead of dump on that Monday market open.
• 1:26:03
  We were like, wait, is World War Three actually good for Bitcoin?
• 1:26:07
  Like, whoa, OK, that kind of flips all of our narratives on
• 1:26:12
  its head. You'd expect Bitcoin being the
• 1:26:13
  most liquid 24/7 thing to trade that it would trade very badly
• 1:26:20
  when there's bad news. But for the first time when
• 1:26:22
  we've had bad news, Bitcoins actually reacted pretty good.
• 1:26:26
  And then when you look at since Saturday morning of last week,
• 1:26:33
  Bitcoin's been performing better than gold and the S&P 500.
• 1:26:37
  Just kind of the general metrics of where people are putting
• 1:26:40
  their money. I don't know.
• 1:26:42
  It's it does seem like Bitcoin is acting very strong, very,
• 1:26:48
  very resilient when you'd kind of expect it to dump, which
• 1:26:52
  really goes into more of like the trolling of it where it's
• 1:26:56
  the idea of like we've already dumped so hard.
• 1:26:58
  Who's who's dumping Bitcoin right now?
• 1:27:01
  We're like we're stacking bro, we are stacking.
• 1:27:05
  OK, anyways, let's see, let's see gold down 5% of the week
• 1:27:11
  price in Bitcoin. Let's go.
• 1:27:12
  That signal, that is the signal by 2020 hats, it would be
• 1:27:16
  straight strike. Lol OK, all right guys.
• 1:27:20
  Anyways, anyways, you guys are tuning out so I've rambled
• 1:27:23
  enough for you guys today. I will be back on Monday of
• 1:27:27
  course, roughly around 12:40 PMI know I posted the show at 12:16.
• 1:27:34
  You know, come come at, give me, give me like a 5 minutes.
• 1:27:37
  Come come at 12:35 just so I see, So I see that there's
• 1:27:43
  people here so I don't have to panic about Dang, I didn't get
• 1:27:48
  people to want to watch the show.
• 1:27:49
  I feel bad about myself. I know dude, that sad shots that
• 1:27:55
  is blasphemous. That is that I do not condone
• 1:27:58
  that. Do not condone anyway.
• 1:28:00
  Anyway, all right guys, I. Love you have a good.
• 1:28:02
  Weekend, eat some good food, get get your 10K steps in if you
• 1:28:06
  can, if it's not freezing where you are right now, if it's nice
• 1:28:09
  just get a walk in, eat some good food, stack some sads, call
• 1:28:14
  your loved ones, all that good stuff.
• 1:28:17
  I'll see you on Monday guys. I love you.
• 1:28:19
  I appreciate you. Have a good weekend.
• 1:28:22
  We'll be back at it next week. Peace out.
• 1:28:24
  Today's episode was brought to you by bitcoinwell.com, a
• 1:28:28
  Bitcoin only platform on a mission to enable financial
• 1:28:31
  independence.