Latest / Simply Bitcoin / Bitcoin is CRASHING: This is When You Should Buy The Dip!! | EP 1190

Transcript

Bitcoin is CRASHING: This is When You Should Buy The Dip!! | EP 1190 · Simply Bitcoin

• 0:00
  Yo, Bitcoin has just crashed to its lowest price in four months,
• 0:05
  and no one knows why Bitcoin is crashing or where Bitcoin is
• 0:09
  headed next. Volatility is spiking in the
• 0:12
  equities markets, and no one knows whether this is the end of
• 0:16
  the bull market or the first real shake out of the mega bull
• 0:20
  market. Are the bears shorting Bitcoin
• 0:23
  about to set up the perfect catalyst for a short squeeze?
• 0:26
  Well, today we're going to be trying to answer the impossible
• 0:29
  question question, why is Bitcoin dumping?
• 0:32
  Is this the best time to buy the dip?
• 0:35
  Is this dip normal? Is it, is it done?
• 0:38
  Are the cycles ending forever? We're going to try to answer all
• 0:41
  of those questions for you guys. Today we have to begin this
• 0:45
  rabbit hole by understanding this chart here showing us that
• 0:49
  bitcoins best 10 days each year typically return more than the
• 0:54
  other 355 other days. That's right, 10 days usually
• 1:00
  cause the best return for bitcoins that for Bitcoin rather
• 1:04
  than the other 355 days of the year.
• 1:09
  So what chart am I talking about?
• 1:11
  Well, there's this amazing article that I'm going to pull
• 1:14
  up for you guys. It's from crypto slate and of
• 1:17
  course I'm going to walk up my legendary Co host.
• 1:20
  By the way, guys, I don't know if you guys could see Opti
• 1:23
  clearly. If you can, please let us know
• 1:25
  in the chat. Maybe it's something that I I
• 1:27
  can't I can't see on my side, but let's check out this article
• 1:31
  from crypto slate. I I found this fascinating and
• 1:34
  this is part of the reason why the best thing to do is stay
• 1:38
  humble and stack SAT because what tends to happen again is
• 1:43
  that look, the best returns of Bitcoin happen in such a short
• 1:48
  amount of time. No one knows for sure when those
• 1:51
  days are going to happen. So the best thing to do is stay
• 1:54
  humble stack SAT so anyways, the headline for the audio listeners
• 1:58
  is missing bitcoins top ten days a year could cost you all annual
• 2:03
  gains. Fun strap Bitcoin is notoriously
• 2:07
  unpredictable. No S rendering market timing an
• 2:11
  arduous task. Different investment strategies
• 2:14
  exist, including dollar cost averaging, which in my opinion
• 2:18
  been doing this for nine years. I'm telling you from the vast
• 2:22
  majority of people, DCA ING is the best way to go.
• 2:26
  I've bought the top, I've bought the bottom the entire time.
• 2:32
  I never knew whether I was buying the top or the bottom.
• 2:34
  I had no effing idea, right? So what we always say when I the
• 2:39
  advice that I give to people that are just trying to get in
• 2:42
  is time in the market beats timing the market.
• 2:46
  No one knows whether it's the top or the bottom.
• 2:48
  I, I, I've, I've, I've bought the top in the 2021 bull market,
• 2:53
  Bitcoin I think hit like 68 K bought that top when it hit 16 K
• 2:58
  bought the bottom. I had no idea it was the bottom.
• 3:00
  No one knows, right? So anyways, continues to say.
• 3:03
  However, recent research from Fundstrat shared by the CEO of
• 3:06
  Bitwise sketches out a striking pattern.
• 3:09
  Missing the 10 best days of bitcoins returns each year
• 3:14
  essentially causes you to miss out on the entire year's
• 3:18
  profits. This pattern has remained
• 3:21
  consistent since 2013. During 2021, a bull market, the
• 3:26
  top ten days of the year, saw an astounding 179% return compared
• 3:32
  to -43% return during the other 355 days.
• 3:37
  In contrast, in a bear market year like 2019, the best 10 days
• 3:42
  still returned a substantial 217% against a -39% return for
• 3:50
  the rest of the year. Interestingly, this pattern
• 3:53
  seems to be repeating itself in 2024, with the best 10 days
• 3:57
  garnering a 52% return, while the remaining days have
• 4:01
  generated a -15% return. So essentially, you know, again,
• 4:06
  this is what I keep saying and I didn't read this article before
• 4:09
  I had this advice. This is something that I've
• 4:11
  experienced and I always get this from people that are
• 4:15
  entering the market. It's like, should I buy right
• 4:17
  now? Oh my God, I bought too high.
• 4:18
  I bought too low. Like what's going on?
• 4:21
  No one says I bought too low, but it's like I always bought
• 4:23
  too high. It's like, dude, I bought at 95
• 4:25
  K. I'm like whatever.
• 4:26
  And I always sell them the same thing.
• 4:27
  I'm like, look, in four years you're not going to care whether
• 4:31
  you bought at 95 or 85 when this thing's sitting at half a
• 4:35
  million. You're not going to, you're not
• 4:37
  going to care. You're not going to, you're not,
• 4:38
  you're not going to notice the difference.
• 4:40
  It, it matters obviously right now, right.
• 4:43
  So yeah, I, I bought some recently at 99.5.
• 4:47
  Does it feel good that it's at 87,000?
• 4:50
  No, because I could have bought more if I just would have
• 4:52
  waited. The problem is that no one knows
• 4:55
  whether it was going to go up or down.
• 4:56
  No one has any idea. And anyone telling you
• 4:59
  otherwise, they're straight up blind, right?
• 5:02
  Even Sailor. And we're going to get this
• 5:03
  start. We're going to cover this during
• 5:05
  the numbers. He bought $2 billion worth at 97
• 5:09
  thousand, $2 billion, and it's at 87 K, right?
• 5:13
  Because I think he understands no one knows where the price is
• 5:16
  going in the immediate term, but we all have a very good idea of
• 5:20
  where it's going in the long term.
• 5:22
  It's going up forever, Laura. So anyways, let's check out this
• 5:25
  purple chart. It's really, really interesting.
• 5:27
  And again, it's pointing out the 10, the return of the 10 best
• 5:31
  days of the year in Bitcoin versus the remaining 355 days.
• 5:36
  This is fascinating, right? And you're going to see a
• 5:39
  problem, right? Every single year since 2013,
• 5:44
  the 10 best days make up the vast majority of the returns.
• 5:48
  There's some there. You know, there's some years
• 5:50
  that that's not the case, right? But still the 10 best days are
• 5:55
  always, it seems like that's when all the returns are going.
• 5:58
  And it seems like the remaining days, a lot of the years is
• 6:02
  actually negative. So what does that tell you?
• 6:04
  What's the moral of the story here?
• 6:06
  The moral of the story is stay humble stacks at because you
• 6:10
  don't know when this thing's going to pump and when it pumps,
• 6:11
  it rips. Like if I told you back in
• 6:14
  November when we were at 68 K that we're on the verge to RIP
• 6:18
  to 108 K within like two months and it's a it's a multi trillion
• 6:22
  dollar asset class. You wouldn't have believed me.
• 6:24
  We just did it overnight. We just ripped.
• 6:26
  It felt felt pretty good, right? So I think that's going to
• 6:29
  happen. I don't think the bull market is
• 6:31
  over. Of course, I'm speculating here.
• 6:32
  I don't think it's over. I think I still think we're
• 6:35
  going to have an amazing year. And there's all a lot of other
• 6:38
  people that that agree with me. And it's also good that Bitcoin
• 6:42
  consolidate, especially after these explosive moves, because
• 6:45
  then it means that it's building on a very solid base.
• 6:48
  I actually had a really good conversation with Check Matey.
• 6:50
  We're going to be dropping that IRL on Saturday.
• 6:52
  And he talks about that. He talks about how he's actually
• 6:55
  feeling really good about this because it's like Bitcoin's like
• 6:58
  a coiled spring. The more time it spends around
• 7:01
  this region OF85K to 100K because we've been consolidating
• 7:05
  at these prices since like for like 3 or 4 months now.
• 7:08
  The more explosive the next move up is because it's, it's, it's
• 7:12
  based on very strong, very strong foundation.
• 7:17
  So let's check out the price recently.
• 7:19
  So we're currently at $87,000 right now.
• 7:23
  It's down. It's down, you know, 5% of the
• 7:27
  day, you know, it's absolute, not going to lie, you know it,
• 7:31
  it sucks, right? But let's get some thoughts from
• 7:35
  some of the thought leaders in the space, right?
• 7:37
  Here's Joe Burnett, a big fan of his content, does great original
• 7:40
  content. I believe he works for Unchained
• 7:42
  as well. And he says shakeouts are
• 7:44
  necessary to purge weak and over leveraged hodlers.
• 7:48
  Only the strongest hodlers can be holding coins at 500K.
• 7:52
  In fact, that's exactly how Bitcoin gets to 500K.
• 7:56
  No sellers. So shaking out the weak hands,
• 7:59
  here's Mr. Hoddle. And he says, calling it now, 80
• 8:02
  to 85 is the bottom. I've been wrong before, but the
• 8:06
  shift indicator is never wrong. Of course, Peter Schiff is
• 8:09
  chiming in. He says Bitcoin is down over
• 8:11
  20%. An official bear market.
• 8:14
  So much for AUS strategic Bitcoin Reserve.
• 8:17
  Establishing one now would look like a Bitcoin bailout fund.
• 8:20
  Trump needs to distance himself from Bitcoin so as not to be
• 8:25
  associated with its demise. Trump likes winners and not
• 8:29
  losers. Here is the the president's son,
• 8:33
  Eric Trump, and he says buy the dips, right?
• 8:37
  So I mean, the president's son is telling you how he feels.
• 8:44
  And moving on to this next part, here's American Huddle.
• 8:48
  Of course, you guys all all know him and appreciate him.
• 8:51
  And he says especially true today.
• 8:54
  Buckle up or in for a hell of a year.
• 8:56
  And what is he responding to back in January of 20 of of back
• 9:00
  in January of January 22nd, He said a lot of you weren't here
• 9:05
  for it, but this is exactly what the beginning of 2017 felt like.
• 9:09
  I've been saying this for a long time now, a couple months now,
• 9:13
  right, that this bull market feels like 2017 more than it
• 9:19
  felt like 2021. In 2021.
• 9:22
  I feel like we peaked early. And I also feel like the, the
• 9:26
  market was cut short because of the China mining ban, right?
• 9:31
  And of course, you guys have seen this before where I've
• 9:34
  shown you guys the, the comparisons between the
• 9:38
  different markets. And essentially what this
• 9:40
  measures, ladies and gentlemen, for anyone doesn't know, is it
• 9:42
  compares essentially what the cycles look like.
• 9:46
  If you compare it from the cycle bottom right.
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  And what you'll see is error 1 is the blue line.
• 9:53
  I'm going to take that out 'cause I feel like it's an
• 9:55
  outlier because again, it's it bitcoins infancy, the market cap
• 9:58
  was a lot smaller. Let's compare the last three
• 10:01
  eras, right? So of course we have the 2021
• 10:05
  bull market. The 2021 bull market, by the
• 10:08
  way, is the green line, the orange line is the 2017 bull
• 10:13
  market, and the red line, as you can see, is the current
• 10:17
  2024-2025 bull market. So you know, it was basically
• 10:21
  following in line until recently.
• 10:24
  Really, it's like the last month or two, it's really been kind of
• 10:26
  diverging a bit and you know, with this recent dump, but that
• 10:32
  doesn't mean that it can't, you know, coincide with those bull
• 10:35
  markets once again, because there was a point in time,
• 10:38
  especially right before the having that this bull market was
• 10:41
  actually outperforming the the the the previous bull markets
• 10:46
  despite the market cap being much higher, right.
• 10:49
  So I think to answer the question, is it a good time to
• 10:51
  buy Bitcoin? Absolutely.
• 10:53
  I think you're buying any time you're buying Bitcoin under
• 10:55
  100,000. I think you are most definitely
• 10:58
  getting a discount on that said Bitcoin.
• 11:01
  And also we, I think you have to zoom out and really breakdown
• 11:05
  all the things that are happening on the macro level.
• 11:08
  So we have the, we have the Bitcoin strategic Reserve
• 11:13
  initiative that's happening on the state level, that's
• 11:16
  happening on the federal level. You have the institutional
• 11:20
  adoption of Bitcoin. By the way, my hunch, my hunch
• 11:24
  what, what's telling me especially about these prices,
• 11:29
  as I think there's some Wall Street shenanigans happening in,
• 11:32
  in my, in my opinion, right now, if you're selling Bitcoin,
• 11:35
  you're selling it to either BlackRock or you're selling it
• 11:39
  to Michael Saylor. You're not selling it to plebs.
• 11:41
  You're not selling it to, to, to retail.
• 11:43
  You're selling it to institutions.
• 11:45
  And I would not be surprised if Wall Street or institutions are,
• 11:49
  are playing some games in order to, to stack cheaper sats.
• 11:53
  So don't be a sucker, don't try to, you know, experiment.
• 11:58
  Just stay humble. Stack Sats.
• 12:00
  It's always been the best advice.
• 12:04
  And here is of course, the one only American Huddle.
• 12:08
  And it's so funny 'cause I forgot what this guy's name is,
• 12:13
  but he's, he's absolutely phenomenal.
• 12:15
  Carrot root, root root or something like that.
• 12:18
  Rational root put American Hoddle, one of American Hoddle's
• 12:22
  like like troll TA videos on top of his CHEAT SHEET, his Bitcoin
• 12:30
  CHEAT SHEET, which is super famous.
• 12:32
  And I thought it's very fitting for this moment in history
• 12:34
  because again, when these dips happen, we tend to forget the
• 12:38
  past as Bitcoiners, right? We tend to forget that look like
• 12:42
  the reality is when when I was getting into Bitcoin, you know,
• 12:45
  we were at we were like below 1000 and I was it was I remember
• 12:51
  that year 20, 2016, 2017 like if you would have told me in
• 12:56
  January of 2017 that Bitcoin would have ended up at 20 K at
• 12:58
  the end of the year, I would not have believed you.
• 13:00
  Nobody would have would have believed you.
• 13:02
  It was unbelievable. We were like surprised if it was
• 13:05
  going to hit 10K. It was unsurmountable.
• 13:08
  So you kind of have to apply that logic to now like it it,
• 13:12
  it's A500K Bitcoin or $1,000,000 Bitcoin seems unbelievable from
• 13:17
  where we are right now. But the fundamentals are there,
• 13:21
  the buyers are there. It's nation states, central
• 13:25
  banks, institutions like Bitcoin is growing up.
• 13:28
  And I think a lot of this kind of different price action has a
• 13:32
  lot to do with it. Anyways, let's check out this
• 13:34
  video. So as you can see here on the
• 13:38
  chart, for like 4 years Bitcoin was in like the hundreds of
• 13:41
  dollar range, and it just kind of hung out there.
• 13:44
  Yeah, like maybe it bounced down, maybe it bounced up, but
• 13:47
  it was basically in the hundreds of dollar range for like 4
• 13:50
  fucking years. Then it went to the thousands of
• 13:52
  dollar range and it just stayed there.
• 13:54
  Yeah, it bounced above 10 briefly, but it went in the
• 13:57
  thousands of dollars range and it just kind of hung out there.
• 13:59
  Yeah, like maybe it bounced up, maybe it bounced down, but it
• 14:03
  went in the thousands of dollars range.
• 14:04
  Then it went to the 10s of thousands of dollars range and
• 14:07
  it stayed there for three fucking years and now we're
• 14:10
  coming to the end of it. What the fuck do you think is
• 14:12
  going to happen next? You think it's going to go to
• 14:14
  $0.00 range? Now it's going to 100,000
• 14:16
  fucking dollars. The fucking God. 6 figure range
• 14:18
  bitch. Amazing, amazing technical
• 14:24
  analysis from American Huddle so that the words are so eloquent,
• 14:28
  but I mean it, it's true. It's absolutely true.
• 14:30
  By the way, appreciate everybody in the live show.
• 14:33
  Today we are at 1500 live viewers between YouTube and X.
• 14:37
  We're at 627 live viewers on YouTube alone.
• 14:42
  If you guys are enjoying the show so far, we're at 80 likes.
• 14:44
  Help us break 100 likes within the 1st 20 minutes of the chat.
• 14:48
  Unfortunately, we're having some technical difficulties on audio
• 14:51
  on on Opti's side. Opti, could you go audio only
• 14:54
  today, please? Yes, Sir.
• 14:58
  And yeah. So we're going to keep it
• 15:00
  rolling. The show don't stop and and
• 15:04
  we'll try to fix it for you guys.
• 15:05
  Sorry guys, this is a live show. You guys know the deal.
• 15:08
  We roll with the punches anyways, Opti, what are your
• 15:11
  thoughts on this brother? What's happening on what's
• 15:12
  happening with this bull market guys?
• 15:14
  And I'll, I'll ask the live chat a question too.
• 15:17
  If you still think we're in a bull market, drop one in the
• 15:20
  chat. If you think we're in a bear
• 15:22
  market, the bull market is over. The cycle is over, drop 2 in the
• 15:26
  chat. Again, if you think we're still
• 15:27
  in a bull market, drop one in the chat.
• 15:29
  If you think the bull market is over and we're now in a bear
• 15:32
  market, drop 2 in the chat. Opti, what's up man?
• 15:36
  How you doing? I'm doing good video issues, so
• 15:42
  hopefully you can hear me what is going on.
• 15:46
  I don't know there's and buyers is all I can see, but really
• 15:50
  kind of think about everything going on now.
• 15:52
  There seems to be a lot of selling, a lot of volatility.
• 15:57
  Things are getting kind of crazy.
• 15:58
  A lot of people are kind of attributing this to the
• 16:01
  implemented and I don't know, I I kind of always look at it
• 16:06
  like, Hey, this is an opportunity for us to get some
• 16:10
  and I don't think Bitcoin is dead.
• 16:12
  Like a lot of people would like very easy narrative to be like,
• 16:14
  oh, bitcoins down. What what's it down, Nico 8% on
• 16:18
  the day and it's like, oh, it's over, guys, you know, pack it
• 16:22
  up. It was a good run.
• 16:24
  The bull runs over either this remind me of a lot of classic
• 16:28
  bull runs where there were pull backs, there were correction.
• 16:31
  Actually a really good video of check maybe that you see drop
• 16:37
  this morning about him Opti, let me let me yeah, and let me let
• 16:42
  me pull that up. People are saying you are
• 16:44
  cutting in the chat. Seems like the matrix has you.
• 16:47
  So guys with us guys, what we fix?
• 16:53
  We fixed this. This is a live show guys, so
• 16:55
  bear with us. We try to do our best, but it's
• 16:58
  it's a lot harder than it looks. So let's let's check out check
• 17:02
  Matey here. Of course, what Opti was
• 17:04
  referencing here is his clip from from our boys over at TFTC.
• 17:10
  And again, I had an interview with check Matey, a simply
• 17:13
  Bitcoin IRL, and that's going to be dropping on Saturday.
• 17:17
  And I had the same exact question.
• 17:19
  I said, man, what's going on? What are your expectations for
• 17:22
  this year? And I, I think Checkmate has a
• 17:24
  very unique way of, of, of looking at things.
• 17:27
  So anyways, just check out this clip that Opti was referencing.
• 17:30
  November, we basically went from 73 straight to 100, right?
• 17:33
  Well, 99.8 because it took us a couple of weeks to get to 100,
• 17:37
  but we basically just ripped through the 80 thousands.
• 17:40
  And I talk about like I call it an air pocket.
• 17:42
  When we look at where all the supply changed hands and
• 17:45
  transacted, very little supply transacted between 73 K and 86.
• 17:51
  That zone is a bit of a gap. We don't actually know how much
• 17:54
  demand is down there. Now for whatever reason, markets
• 17:57
  like to test these things. So if you're a, if you've ever
• 18:00
  done TA, you've probably seen the volume profile.
• 18:03
  We kind of see where all the different, where the trade
• 18:05
  volume has happened at different price levels.
• 18:07
  There's basically nothing between 73 and 86.
• 18:10
  So that becomes a bit of a magnet.
• 18:12
  We want to find the market may want to find out how much demand
• 18:15
  have you got. So if we get some kind of
• 18:17
  downside, that's a zone of interest.
• 18:20
  Short term holder cost basis is about 90K at the moment.
• 18:23
  That's the tipping point. That 90,000 level, that short
• 18:26
  term cost basis, it's a zone. It's not a perfect price, but
• 18:29
  the idea is that once you get down to that level, all the guys
• 18:33
  who bought recently are suddenly either at their cost basis or
• 18:36
  underwater, starting to feel a little bit of stress.
• 18:39
  The further you go below that, the more they start to look at
• 18:41
  their portfolio and go, oh man, I bought all those coins at 106
• 18:44
  and 108. Now I'm feeling pretty shitty
• 18:46
  about it. They're the kind of people who
• 18:48
  start to capitulate out and you can kind of generate this
• 18:50
  cascade. So that's an area of interest.
• 18:53
  It's it's kind of interesting that we've got this support
• 18:56
  level which should hold at around 90K, but below it there's
• 18:59
  just not much. All right, ladies and gentlemen,
• 19:02
  Opti seems like he's 73 to 86. Opti seems like he's back.
• 19:06
  Opti, what do you think about what Check Matey is?
• 19:09
  Check Matey is saying? Also shout out to the restream
• 19:12
  support fixing it on the go. So shout out to you guys.
• 19:16
  You are back. You are back, my friend, you are
• 19:19
  back. Yeah, I don't know what
• 19:21
  happened. I don't know what's going on
• 19:22
  here, but all right. So when I saw this clip of Check
• 19:26
  maybe this morning, I found it very interesting.
• 19:29
  Obviously, there has been kind of a constant debate in the last
• 19:33
  couple of weeks on whether on chain analysis can actually tell
• 19:38
  you what's going on with the price movements or as I saw
• 19:41
  someone was saying, I think it was Samsung Mao.
• 19:43
  Actually Samsung Mao and Check maybe kind of gotten a beef on
• 19:46
  Twitter where Samsung Mao is saying that on chain main
• 19:50
  analysis is, is astrology for TA traders.
• 19:54
  But if you look at this clip, checkmate, he's kind of right in
• 19:58
  this video. I'm pretty sure came out a
• 19:59
  couple of weeks ago. I think he said November, you
• 20:02
  know, he said the price was around 108 or something.
• 20:04
  So that was like the last all time high, which was a couple of
• 20:07
  weeks ago. And he kind of predicted this
• 20:10
  and obviously, you know, predictions and it's Hindsight's
• 20:14
  2020 type type. Mean here, but it is very
• 20:18
  interesting when you kind of look at the price this morning,
• 20:20
  it went down to 86 K and you know everyone's wondering
• 20:24
  whether it's going to go down to 75 K or something and checkmate.
• 20:27
  He's kind of like hey wall, Bitcoin ripped through 73 to 86
• 20:32
  K. We really don't know what the
• 20:34
  market is doing. It seems like the Bitcoin price
• 20:36
  is going kind of down to the 200 daily, yeah, moving average.
• 20:42
  And so like, I think this is very healthy for the market as
• 20:45
  we've seen this play out in the past.
• 20:48
  Bitcoin doesn't just RIP up, you know what, every single day is
• 20:51
  just going to keep climbing. And are we kind of recreating a
• 20:56
  2017 bull run or are we entering kind of a new territory here?
• 21:00
  And it seems like we're kind of still in a traditional cycle
• 21:05
  theory play out. So if you're new here, obviously
• 21:09
  I would say now or if you really want to wait lower I, I can't
• 21:13
  wait for the Bitcoin price to reach any targets.
• 21:16
  I just capitulate my Fiat as quickly as I have it coming in
• 21:19
  so I can get Bitcoin exposure. And as we always say, we buy
• 21:23
  the, the tops as generational time stamps.
• 21:25
  So is this the time to be buying Bitcoin?
• 21:27
  I say it's always the time to buy Bitcoin.
• 21:30
  I'm not really concerned though, as I was kind of joking this
• 21:33
  morning, like, wow, guys, we're broke again, like here we go.
• 21:35
  We, we are, as the meme always goes, we are the idiots in the
• 21:39
  room for today. But it looked like the price
• 21:42
  rebounded this morning already. So I'm sure by the end of the
• 21:45
  day it'll be back in the 90 KS. But I'm not really worried.
• 21:48
  I I think this is very healthy. I've been saying for a while
• 21:51
  that the consolidation period around Bitcoin the last three
• 21:54
  months is really healthy considering everything going on
• 21:57
  in the world. It looks like there's a lot of
• 21:59
  volatility in global markets and Bitcoin has historically always
• 22:03
  been a leading indicator of what's going on in the market.
• 22:06
  So, you know, as a lot of dumer bitcoiners are saying, like is
• 22:10
  this signs that the something's wrong in the system or is this
• 22:15
  just Bitcoin kind of doing it's thing?
• 22:16
  And there's just more sellers than buyers currently.
• 22:19
  And I know it's hard to believe that there is more sellers than
• 22:24
  buyers considering that sailors buying you know, billions of
• 22:26
  dollars of Bitcoin like every every week.
• 22:29
  We got to remember the long term holders of Bitcoin that been
• 22:32
  holding Bitcoin since what a penny, $0.25 a dollar, etcetera,
• 22:37
  100K could have been their moon point.
• 22:39
  And so there's a lot of sellers right now.
• 22:41
  And I think at a certain point, as we're seeing today, it's
• 22:44
  going to move up. And actually, one last joke.
• 22:47
  You know, Samson Mao has been talking about Omega candle, but
• 22:50
  he just didn't tell us which way it was going to be.
• 22:53
  So I guess this is the Omega candle once again.
• 22:56
  But one day we'll get the green Omega candle.
• 22:58
  Yeah, absolutely. Also, shout out to the YouTube.
• 23:01
  Today. We're blowing past 700 live
• 23:03
  viewers on YouTube alone and a total of 2000 live viewers
• 23:08
  across YouTube and X and of course our rumble audience.
• 23:11
  We absolutely love you guys almost 100 live viewers on
• 23:14
  rumble. If you guys are enjoying simply
• 23:16
  Bitcoin live smash that like button help us break 200 likes
• 23:20
  within the first hour of the show we're we're discussing at
• 23:25
  the moment is the bull market over if you think it is drop A2
• 23:29
  in the chat. If you think the bull market is
• 23:31
  just beginning it's it's going to continue drop A1 in the chat.
• 23:35
  We want to know what what you guys think We dropped the live
• 23:37
  poll. We said will Bitcoin hit 500K in
• 23:40
  twenty 25254 of you guys voted 200 and 55254 of you guys voted
• 23:47
  and 52% of you guys voted yes. So the VAT, the majority of you
• 23:51
  guys are very bullish about 2025.
• 23:54
  I do agree with American Huddle. I think I think this year 2025
• 23:59
  is going to surprise everybody. I think we're going to have an
• 24:01
  explosive end of the year. I think the party hasn't
• 24:04
  stopped. I think this is a natural
• 24:06
  correction in in the Bitcoin cycles.
• 24:09
  I think the I think the the movements are taking a bit
• 24:12
  longer and the reason I think they're taking a bit longer is
• 24:14
  because the market cap is so much bigger, right?
• 24:17
  We're in the trillions now, right?
• 24:19
  So I still think we're going to have a great 2025.
• 24:22
  That's my personal opinion. I could be totally wrong, but
• 24:25
  let us know in the chat guys, if you think the bull market is
• 24:27
  continuing, drop one. If you think it's over, drop 2.
• 24:30
  I'm going to end that poll. All right everybody, we still
• 24:33
  have a hell of a show for you guys lined up today also shout
• 24:36
  out to restream support for fixing it on the bringing our
• 24:42
  boy, our legendary Co host and Co founder of simply Bitcoin
• 24:45
  Opti back on the show moving it. We're doing it live Opti.
• 24:48
  It's almost as if we're pros. I can't believe this Anyways,
• 24:51
  we're going to be talking about Sailor.
• 24:53
  I mean, Sailor bought 2 billion, that's right, 2 billion with a
• 24:57
  B, $2 billion with a Bitcoin at 97 K, he doesn't seem worried
• 25:02
  whatsoever. So we're going to be talking
• 25:04
  about that and also we're going to be talking about Europe.
• 25:08
  I know, I know, I know you guys love Europe.
• 25:11
  I know you guys are big fans of Europe.
• 25:13
  But the reason that I like to talk about it is because I think
• 25:16
  it's a foreshadowing. I think it, it could potentially
• 25:19
  be a, a warning on what could be coming to United States, what
• 25:23
  could be happening in the USI think we had an amazing, amazing
• 25:27
  election victory with the election of Trump.
• 25:31
  And I think it's been, it's been extremely positive, overly
• 25:34
  positive for the Bitcoin industry in the United States.
• 25:37
  If you put all his other politics aside, the fact that we
• 25:40
  got Ross freed is a big win for our movement.
• 25:45
  Never forget that. So, but it's always important to
• 25:48
  pay attention to where the where it could go because we're the
• 25:54
  opposite. Remember, I always say this
• 25:56
  guy's the tagline Bitcoin or slavery.
• 25:59
  It's very, very important to stay vigilant.
• 26:02
  It's very important to stay informed of what could
• 26:05
  potentially happen. Now I'm super hyped that Opti's
• 26:08
  back because we're going to be able to do an Opti culture Opti,
• 26:11
  what do you have prepped for the culture today?
• 26:13
  OK, so I have this video of this guy.
• 26:15
  I don't know who he actually is. He's from the UK.
• 26:19
  He's got Gary Stevenson, apparently he's got an accent
• 26:22
  and and he's he's he's doing the classic Bitcoin is going to zero
• 26:26
  thing. And I, I just kind of love, I
• 26:28
  love kind of breaking down the flood lines.
• 26:31
  And I, I know you haven't seen this yet, Nico, so it's going to
• 26:33
  be interesting to get your live opinion on this.
• 26:36
  It's a it's a, it's actually a funny clip, but hey, man, where,
• 26:39
  where, where Internet idiot Internet money traders
• 26:43
  apparently. So it's good.
• 26:44
  Absolutely. And and also guys too.
• 26:47
  I saw this in the chat and we have we have something very
• 26:50
  special for you guys. Anthony asked simply Bitcoin,
• 26:54
  can you speak on the North Korean hack?
• 26:58
  We actually can. We have a special guest coming
• 27:00
  on the Thursday show. We have the CTO of Casa Jameson
• 27:04
  Lop and we're going to be asking all we're going to be asking him
• 27:07
  all the details about the the what's the name of the exchange,
• 27:10
  the by bit by bit hack. And of course he has the
• 27:15
  technical know how he's a Bitcoin OG and he's going to be
• 27:18
  answering all those questions. So the Thursday show we're going
• 27:21
  to be and or if you can't wait till Thursday, Ruston just did a
• 27:24
  video on it. So go check our channel.
• 27:26
  Absolutely. So we're going to give you the
• 27:28
  technical details as well. All right, guys, it's going to
• 27:30
  be an amazing show. I'm so happy to be back and
• 27:34
  guys, I'm I'm I'm excited. So stay tuned.
• 27:36
  And of course, guys, you know what to do smash that like
• 27:39
  button really, really helps the show.
• 27:41
  But before we start the show, of course I want to give a very
• 27:44
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  Alright everybody let's move on to the numbers.
• 29:37
  We have tons to talk about today.
• 29:39
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  listen. You have the picture in your
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  head that your Bitcoin is worth 10 times as much than it is
• 31:28
  today. Because before you know it, in a
• 31:30
  blink of an eye, four years passed.
• 31:32
  Bada Bing, bada boom. And that 10,000 that you had
• 31:35
  turned into 100,000 or that 100,000 that you had turned into
• 31:39
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• 32:14
  Bitcoin price is $87,380.00 block height 885,284 sats per
• 32:22
  dollar. 1145 market cap 1.73 trillion Bitcoin versus gold
• 32:28
  market cap 8.43% percentage issued 94.42% decline from all
• 32:35
  time high -20% That's right, if you buy Bitcoin right now,
• 32:40
  you're getting a 20% discount. 20% discount.
• 32:44
  Realize monetary inflation continues to go down.
• 32:47
  Opti look at that .97% continuing to take Fiat
• 32:51
  currencies to absolute school. Anyways here sailor with an AI
• 32:57
  image. Absolutely hilarious.
• 32:59
  Take a look at this nod to the McDonald's joke that we all have
• 33:04
  the McDonald's meme considering a second job to acquire more
• 33:08
  Bitcoin. And here is, you know, of
• 33:10
  course, Saylor serving burgers. I believe Saylor actually worked
• 33:13
  at McDonald's. I think he actually worked at
• 33:16
  McDonald's at one point, which is, you know, it's it's it's
• 33:20
  poetic in a way. It's poetic in a way.
• 33:23
  Anyways, so here is take a look at this.
• 33:29
  He's talking about, of course we have a strategy to acquire
• 33:33
  Bitcoin at MicroStrategy or MSTR.
• 33:36
  And let's take a look at the clip.
• 33:38
  Of course it's from the legacy financial media, but I think
• 33:41
  it's very fitting. Also, the reason I'm covering
• 33:44
  all of this guys today is because Sailor just announced
• 33:47
  that they smash bot 2 billion. That's right, 2 billion.
• 33:50
  If you feel bad that you bought $100,000, if you feel about
• 33:55
  that, sorry. If you feel bad that you bought
• 33:56
  at 100,000 or you bought out at 1:05 or that you bought at 95
• 34:01
  and we're at 87 K, just remember that Sailor Smash bought $2
• 34:06
  billion with the Bitcoin at $97,000.
• 34:12
  Could you imagine that opting? Could you do the math real quick
• 34:15
  to see to see how much he's down 2 billion at 97 K today versus
• 34:22
  play the video and we'll we'll do the math in the background.
• 34:25
  We'll be right back, guys. Before we head to a break.
• 34:28
  Take a look at shares of Strategy, formerly known as
• 34:32
  MicroStrategy. In a new regulatory filing, the
• 34:35
  company saying it has completed a $2 billion offering of 0%
• 34:39
  convertible senior notes. Those are due in 20-30.
• 34:43
  Use those proceeds to buy $2 billion worth of Bitcoin at an
• 34:46
  average price of $97,500 of that stock.
• 34:51
  The stock up marginally about $302.00 right now and take a
• 34:56
  look at the price of Bitcoin we're seeing.
• 35:02
  Oof Opti, have you done the math yet?
• 35:04
  No, let me move on. Let me OK, no worries for me.
• 35:07
  Fact Check me ChatGPT it by the way.
• 35:11
  OK, so micro strategy of course announced a 20,000 three or grok
• 35:17
  it. Apparently Grok's really good
• 35:19
  now according to Elon. Haven't haven't really been
• 35:22
  using Grok. Maybe I have to do this.
• 35:24
  Maybe I switch over from ChatGPT.
• 35:26
  Anyways, MSTR has acquired 20,356 BTC for 1.992 for
• 35:34
  basically $2 billion at 97,514 per Bitcoin and has achieved a
• 35:39
  Bitcoin yield of 6.9% year to date in 2025 as of February
• 35:46
  23rd, 2025. Strategy holds.
• 35:48
  Oh my God, Oh my God 499 499 that almost half a million
• 35:55
  Bitcoin acquired for 33.1 billion at 67.
• 36:01
  The average buy price for MicroStrategy is currently at
• 36:04
  sixty $66357 per Bitcoin. That's right.
• 36:10
  Oh my God. All right, moving on to this
• 36:13
  next one. No, I'm out of slides Opti, did
• 36:15
  you do the I got the math for you.
• 36:17
  Well, ChatGPT has the math for you.
• 36:19
  So I simply did if you bought $2 billion worth of Bitcoin at 97
• 36:22
  7000 and the price has dropped to 87,000, can you calculate the
• 36:27
  loss? And it gave me you have lost
• 36:29
  approximately $205.18 million. It's never a loss if you don't
• 36:36
  sell though. Nico 200.
• 36:38
  And again, this is what I'm telling you that if the general
• 36:42
  theme of today's show is one thing, if you guys want to leave
• 36:47
  with something from today's show, is this right?
• 36:51
  Time in the market beats timing the market.
• 36:54
  I must say it again, time in the market beats timing the market.
• 36:59
  Time in the market beats timing the market.
• 37:02
  Can't, can't say that enough times, right?
• 37:05
  And I think something that's something that Sailor inherently
• 37:08
  knows. So Opti, what's your take on
• 37:10
  this, my friend? Because I think we've all
• 37:12
  experienced this as a Bitcoiner, You've earned your stripes.
• 37:17
  If you've bought the top, most definitely every Bitcoiner has
• 37:21
  bought the top at least once. If you haven't bought the top,
• 37:25
  you haven't been doing this long enough.
• 37:28
  Anyways, Opti, what's your take before we move on to the new
• 37:31
  segment because we have a load of content for you guys today.
• 37:34
  Yeah, well, I mean, like you said, the longer you've been in
• 37:38
  Bitcoin, the less these dips really hurt you.
• 37:42
  Obviously if you're kind of all in getting A50 eighty, 30%
• 37:48
  haircut, whatever, whatever kind of haircut always does kind of
• 37:51
  hurt. You know, like what let's be
• 37:53
  honest here, any kind of any kind of dip, if you're all in on
• 37:56
  Bitcoin does hurt your purchasing power.
• 37:58
  And if you're trying to live off your Bitcoin, then yes, it does
• 38:01
  kind of suck to sell way more Bitcoin than you probably want
• 38:05
  to at the moment. But at this point it's just part
• 38:08
  of the game. Like maybe Nico, maybe as we've
• 38:11
  been saying all of last year, maybe we're just like dead
• 38:13
  inside and it just doesn't matter anymore.
• 38:14
  We, you know, we, yeah, metaphorically dead.
• 38:17
  You know, I just got a stone heart in here.
• 38:19
  I just got a Grinch heart in here.
• 38:21
  And it just I, it really doesn't matter.
• 38:23
  Like, it's more surprising when you wake up.
• 38:26
  And because again, I wouldn't have noticed the price dip this
• 38:29
  morning if everyone wasn't freaking out on Twitter, if we
• 38:32
  weren't kind of talking about this.
• 38:33
  And like, I say it all the time and everyone yells at me is, is
• 38:36
  I always say I don't check the Bitcoin price every day.
• 38:38
  And they're like, you check the price every single day on the
• 38:40
  show. And I'm like, yeah, I know it's
• 38:41
  part of the show. If it wasn't part of the show, I
• 38:43
  wouldn't even be checking the Bitcoin price.
• 38:45
  It's just it doesn't really faze me anymore.
• 38:48
  But obviously, you know, taking any kind of haircut on your on
• 38:52
  your savings in the moment doesn't feel good.
• 38:55
  But as we all know, over time, it's going up.
• 38:57
  So you know, someone in the chat earlier was saying something on
• 39:01
  the lines of why doesn't Sailor DCA like the rest of us?
• 39:04
  And I'm like, dude, he is DCA. He's just DCA ING on a level
• 39:08
  that none of us can comprehend. He's buying billions of dollars
• 39:10
  every week or whatever it is. And yes, he it comes in the form
• 39:14
  of smash buying or you know, the convertible debt notes every
• 39:18
  either couple of weeks or a couple of months.
• 39:21
  But I would still say that this is a form of DCA.
• 39:23
  Yes, it's kind of a smash buy. Yes, it's still ADCA, but I'm
• 39:27
  sure Sailor doesn't even care at this point.
• 39:29
  He's like, I'm just trying to acquire as much Bitcoin as
• 39:32
  humanly possible. And hey, if we all had zero
• 39:35
  interest loans, I'm sure we would be doing the same thing
• 39:37
  and we wouldn't even care. If you do kind of average out
• 39:40
  his overall cost basis here, I'm sure he doesn't even notice
• 39:45
  this, you know, $205 million loss right now or metaphorical
• 39:50
  loss on paper, he's just like, whatever, I'm going to buy
• 39:53
  another 2 billion like next week.
• 39:54
  I really don't care. So I mean, you know, look, as I
• 39:59
  said yesterday, I think I said it yesterday, it's like, can
• 40:01
  someone else start buying Bitcoin besides just sailor?
• 40:04
  Like this is all we got is sailor just smashed buying every
• 40:07
  single day and or every week or whatever he's doing.
• 40:12
  And I just can't wait till there's some competition in the
• 40:15
  billionaires buying this much Bitcoin.
• 40:17
  And hey, I wish I was one of them too.
• 40:20
  I wish I could buy almost I was I was looking.
• 40:25
  I was looking at a figure, Opti, I don't know why you went silent
• 40:28
  at the end. That was that was strange.
• 40:30
  I was looking at a figure where essentially Sailor, if you
• 40:35
  average out the amount of Bitcoin that he's bought, he's
• 40:38
  been buying essentially all of the Bitcoin that's being mined.
• 40:42
  That's one entity. No, I think it's, I think he's
• 40:45
  buying twice the amount of Bitcoin that's being mined a
• 40:49
  day, if I remember correctly. Like it's not it's not.
• 40:53
  So essentially like eventually something's got to give and I
• 40:59
  think something's got to give to the upside.
• 41:00
  Now let's have a quick update 'cause I'm sure a lot of people
• 41:03
  hold MicroStrategy stock on in, in, in the chat.
• 41:08
  So let's give a quick update, a quick update on, on.
• 41:12
  I mean the wreck depending on how, where you look at what time
• 41:15
  frame you look at it from yeah, that's true.
• 41:17
  If you bought the top kind of wrecked.
• 41:19
  So it's down from 421 dollars where it peaked.
• 41:23
  I think it went a little bit higher than that, but it's now
• 41:26
  currently at $252.00. So if you are a micro strategy
• 41:30
  fan, maybe it's a good time to buy the the stock or the dip.
• 41:35
  You guys know we're we're Bitcoin Maxis on the show.
• 41:38
  Me and Optia are, are simpletons in the sense that we just, we
• 41:41
  just buy spot Bitcoin and put it into self custody.
• 41:45
  But I know a lot of you guys are, are, are MicroStrategy
• 41:47
  fans. So there is a dip on
• 41:49
  MicroStrategy right now, especially if you look at it
• 41:51
  from a one year, sorry, a one month time scale, it's actually
• 41:56
  down 27%. So if you're buying
• 41:58
  MicroStrategy right now, you're getting a 27% discount and a
• 42:02
  MicroStrategy has been functioning, has been acting,
• 42:05
  acting like a Bitcoin levered play.
• 42:09
  So if you want a little bit more leverage, you know, again,
• 42:12
  MicroStrategy or metaplanet or any of those things.
• 42:15
  Again, I said simply, Bitcoin, We're we're simpletons, for
• 42:18
  better or worse. We just buy Bitcoin and put it
• 42:20
  into self custody and you know, just go about our day and make
• 42:24
  content for you guys. Also shout out to the live
• 42:26
  audience. We're currently at 2600 live
• 42:30
  viewers across YouTube and X almost 800 live viewers on
• 42:34
  YouTube alone. If you guys are enjoying the
• 42:36
  show so far, help us break 300 likes before the end of of the
• 42:41
  show. So smash that like button.
• 42:44
  I want to ask you guys if you guys own MicroStrategy, please
• 42:47
  put one in the chat if you don't own MicroStrategy, If you only
• 42:51
  own spot Bitcoin, put two in the live chat.
• 42:54
  Let us know. I want to know how much of our
• 42:56
  audience has exposure to MicroStrategy before we move on.
• 43:04
  Remember when MicroStrategy was pumping like last week and it
• 43:07
  hit $500 or whatever and we're like, man, we should've just
• 43:10
  bought MicroStrategy. Aren't we glad we didn't buy the
• 43:12
  top on MicroStrategy? Now we can actually pick it up
• 43:14
  on discount if we really wanted to.
• 43:16
  There you go. Exactly, exactly.
• 43:18
  Dude. I'm just so like, man, I'm just,
• 43:21
  I don't know. I've been doing this for so
• 43:23
  long. It just feels so it would feel
• 43:25
  so weird for me to buy something that's not Bitcoin, right?
• 43:28
  That's not spot Bitcoin, like for better or worse, like, I
• 43:31
  don't know, maybe I'm old school that way.
• 43:33
  So, so interesting. We have a very we have a very
• 43:37
  diverse chat. No, there's someones in there.
• 43:39
  There's someones one a lot. Oh man.
• 43:45
  So yeah, it looks like it looks about like a 50% of the audience
• 43:49
  right now who's who's responding owns owns MicroStrategy.
• 43:53
  All right, guys, I want to give a shout out to, of course, the
• 43:55
  live audience. If you guys are enjoying the
• 43:57
  chat during the show, smash the like button drop, drop, drop a
• 44:02
  comment and drop a drop a something in the chat.
• 44:05
  Let us know that you're there. Let let us know that you're
• 44:07
  there. Let us know your thoughts.
• 44:09
  Chat again. Shout out to the Rumble audience
• 44:12
  as well. The Rumble audience is savage.
• 44:18
  The Rumble audience is just absolutely savage.
• 44:22
  All right, all right everybody, we will be right back.
• 44:25
  We're going to hit the new segment.
• 44:26
  During the new segment, we're going to have an update for you
• 44:29
  guys regarding what's going on with Bitcoin in Europe.
• 44:33
  The ECB, Apple apparently has been forced to remove their end
• 44:38
  to end encryption by the UK government.
• 44:42
  And interesting, I think this is coming very, very soon
• 44:47
  everywhere. And I'm going to explain to you
• 44:48
  my logic, but essentially it looks like transfers in Europe
• 44:52
  are becoming restricted. So take the ability to take self
• 44:56
  custody of your digital assets is becoming more and more
• 45:01
  difficult. This is something that we've
• 45:02
  actually been predicting, and what we're going to be talking
• 45:06
  about is where I think this inevitably is going to go.
• 45:10
  And we have to remember where we are in history and where we are
• 45:14
  in history is simple. This is the separation of money
• 45:17
  and state. This is the disintermediation of
• 45:21
  money and state. Just like we live through the
• 45:23
  disintermediation of information and state, we are on the verge
• 45:28
  of living through the disintermediation of money and
• 45:31
  state. And we have to remember it looks
• 45:33
  very, very different. You have to look at what
• 45:37
  happened during the disintermediation of information
• 45:40
  and state, because I believe that is what the
• 45:43
  disintermediation of money and state is going to look like.
• 45:46
  And it's a very, very interesting phenomenon because
• 45:49
  it's bottom up. It's individual to individual
• 45:52
  until it reaches a critical mass.
• 45:55
  That's the keyword. Once it reaches a critical mass,
• 46:00
  it it's just like the floodgates open or something.
• 46:02
  Anyways, guys, we're going to hit the news.
• 46:04
  We're going to be right back. I want to give a shout out to
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  All right, everybody, moving on to today's news.
• 48:57
  This is what I want to talk about, OK?
• 48:59
  I think this is coming everywhere.
• 49:01
  This is my prediction, OK? The reason I'm saying this and
• 49:05
  the reason that we had no choice but to throw our hat in the ring
• 49:10
  last year when we said guys vote for RFK or vote for Trump
• 49:15
  because the other side really doesn't like you holding
• 49:19
  Bitcoin. You know, the rest of the
• 49:21
  Samurai wallet developers, the attack on the Bitcoin mining
• 49:24
  industry, like the the laundry list of things that they did and
• 49:29
  they did it in the shadows, by the way, a lot of that stuff
• 49:32
  they didn't want the American people to find out.
• 49:35
  I think this is coming to a place near you eventually.
• 49:40
  I think this is an inevitability in my opinion.
• 49:44
  Why? OK, the reason why, and maybe
• 49:48
  this is unpopular with people, but the reason as to why is
• 49:51
  because governments get a tremendous amount of power from
• 49:56
  being able to issue their own money.
• 50:00
  In fact, a lot of their revenue, and Naimbu Kelly said this at C
• 50:05
  PAC, by the way, a lot of their own revenue comes from printing
• 50:09
  money, not from taxation. That when you hear the talk
• 50:13
  about the deficit every single year, you say, Oh my God,
• 50:17
  there's a $1 trillion deficit, $2 trillion deficit.
• 50:19
  How is the US government able to spend more money than it
• 50:23
  collects in tax revenue? Well, it's able to print the
• 50:26
  difference, but that ain't free. When they print money, that is a
• 50:31
  form of taxation. And it's a very insidious form
• 50:35
  of taxation because if you look at your bank account balance, it
• 50:39
  stays exactly the same. But what it's able to purchase
• 50:44
  decreases, right? So how are they going to
• 50:48
  continue that that system? Well, they have to coerce people
• 50:54
  into using that said system. So what they're going to do, and
• 50:59
  they've been doing this. And This is why I always talk
• 51:01
  about the separation of information and state, because I
• 51:04
  think it was very, very interesting how it all worked
• 51:08
  out. It look at how they reacted to
• 51:11
  it. They censored information.
• 51:13
  They asked social media, social media companies to censor the
• 51:18
  speech of people in the United Kingdom.
• 51:20
  What you're seeing now is depending on even if you like a
• 51:24
  social media post, the cops will show up at your house and arrest
• 51:28
  you, right? The separation of money and
• 51:32
  state is going to be very similar.
• 51:34
  And I believe the reason that social media freaked so many
• 51:39
  people out, specifically in government is because they used
• 51:43
  to have a monopoly. They used to be able to control
• 51:46
  the information flows through the gatekeepers of information,
• 51:49
  AKA the legacy media. They've lost those completely
• 51:55
  with social media. And we reached a critical mass.
• 51:59
  And I believe the moment that Trump went on the Joe Rogan
• 52:02
  podcast and they tried to censor it, they weren't putting it.
• 52:06
  If you search Trump, Joe, Joe Rogan, it wouldn't pop up on
• 52:10
  YouTube. That's a form of censorship,
• 52:12
  right? I believe that the moment that
• 52:15
  happened and that that episode got 55 million views, blowing
• 52:21
  anything that the legacy media does out of the water.
• 52:24
  I believed we we reached a critical mass and there is a
• 52:28
  there is like a switch in people's heads where the vast
• 52:33
  majority of people weren't consuming information via the
• 52:37
  newspapers and TV stations. They're consuming information
• 52:42
  via X via social media, via YouTube and via podcast.
• 52:48
  How do you control information at that point?
• 52:51
  If the dude on if if the dude that talks to you about elk and
• 52:57
  DMT, right, is more popular than the dude in the suit on TVI mean
• 53:05
  that should tell you everything we need to know.
• 53:06
  We're in we're in uncharted territory, and I think the money
• 53:11
  thing is going to be very similar.
• 53:13
  It's going to be a very similar phenomenon.
• 53:15
  That's my hunch. OK, have to give you all that
• 53:18
  context. So what's happening in Europe?
• 53:19
  Why am I telling you all of this?
• 53:20
  Why am I telling you this long ass story?
• 53:22
  Well OK, looks like crypto transfers are becoming severely
• 53:26
  restricted in Europe. Coinbase blocking transfers to
• 53:31
  recipients other than yourself and it is a self custodial
• 53:35
  wallet. You have to sign a message to
• 53:37
  prove ownership. When receiving funds from an
• 53:40
  another exchange slash wallet you must fully identify the
• 53:44
  sender including your passport ID.
• 53:47
  Even if the sender is you haven't tried.
• 53:49
  What happens if you don't comply?
• 53:51
  Worst case, whole account may be frozen, right?
• 53:55
  And this has to do with the Mika regulation, something that
• 53:57
  Christine Lagarde was really excited about.
• 54:00
  And we know Christine Lagarde doesn't like Bitcoin very much,
• 54:03
  right? So, and what is it?
• 54:06
  So again, it shows you, right, If you're in the UK or if you're
• 54:11
  in Europe, it's asking you who you're sending it to.
• 54:14
  So who are you sending this Bitcoin to?
• 54:16
  And it's telling you specifically, when sending more
• 54:19
  than €1000, the only legal recipient is yourself, right?
• 54:24
  So that is a question that I have to ask you guys, right?
• 54:28
  Like, think about that for a second.
• 54:31
  In the US, it's you're innocent until proven guilty, right?
• 54:36
  Overseas, apparently it's you're guilty until you're proven
• 54:41
  innocent, meaning the government.
• 54:43
  OK, so think about this right here.
• 54:45
  Let me make myself full screen, right?
• 54:48
  So let's break it down for a second and explain it.
• 54:52
  You work your butt off. Right, you have a nine to five,
• 54:55
  nine to five. You, you work your butt off, you
• 54:58
  provide for your family, right? You pay taxes, you pay the
• 55:06
  inflation tax, right? So not only do you pay the
• 55:08
  income tax, the property tax, the sales tax, the value added
• 55:13
  tax, but you pay the inflation tax too.
• 55:19
  And they have the gall to tell you that hey, over €1000, this
• 55:26
  is what you can and cannot do with your money.
• 55:33
  Mind you, this is the same people, right that in the United
• 55:37
  States they tried to pass a law where every $600.00 transaction
• 55:42
  needed to be reported at the same time.
• 55:47
  What DOGE is uncovering here in the United States is the massive
• 55:51
  amount of fraud. And they're crying and they're
• 55:57
  basically saying you can't audit the government.
• 55:59
  That's a danger to democracy. That's like one of the
• 56:01
  narratives. So we're forced to pay taxes
• 56:07
  under the threat of violence. OK, there's a social contract
• 56:10
  there. I don't think there's a social
• 56:12
  contract with taxation via inflation, but that's another
• 56:16
  subject. But we can't say and hold the
• 56:22
  government accountable for what they do with our taxes.
• 56:25
  And when we, when we discover what they do with our taxes,
• 56:28
  then it turns out to be fraud and waste and mismanagement.
• 56:31
  We can't complain. Like, I'm sorry that that ain't
• 56:38
  a democracy, that, that that's a that's a dictatorship, that's an
• 56:43
  authoritarian dictatorship. And if you say certain things,
• 56:47
  you get thrown in like, I'm sorry, that's not freedom.
• 56:50
  That's not freedom, right? That's really messed up.
• 56:55
  So and you and Jeff Booth has a really good explanation as to
• 57:01
  why this is happening. And I love the way he explains
• 57:04
  it. You have to understand that the
• 57:07
  Fiat system is a coercive system.
• 57:10
  It's a system based on theft. We have to be blunt here.
• 57:15
  OK, so let's put income tax aside, let's put all those
• 57:20
  things aside, and let's talk about just the money, right?
• 57:26
  The money is designed to steal from you.
• 57:30
  It's designed to do it on purpose.
• 57:36
  If you had a choice as a free individual keyword to use a
• 57:43
  money that doesn't steal from you, not only does it not steal
• 57:45
  from you, it actually increases in purchasing power over time,
• 57:49
  what would you choose? You would choose the better
• 57:54
  money. So make no mistake, when you see
• 57:57
  these things, when you see these laws that are supposedly for
• 58:01
  your protection, No, no, no, no. Therefore, the protection of the
• 58:06
  bureaucracy that you are paying for, not for your protection as
• 58:12
  an individual. And I think that's what Doge has
• 58:16
  uncovered. That's what Elon has uncovered.
• 58:19
  And that's something that we really have to remember that we
• 58:24
  don't want to live under a bureaucracy.
• 58:27
  We want to live under a democracy, right?
• 58:30
  And I'll even go out on another limb, and I think this is where
• 58:33
  Bitcoiners are ahead of the curve compared to a lot of other
• 58:37
  commentators, whether they're liberal or conservative.
• 58:40
  I don't think that you can have a functioning democracy with a
• 58:45
  small government if there's a central bank.
• 58:49
  I think even if Elon achieves what he wants to achieve, you're
• 58:53
  inevitably always going to end up with a an ever growing
• 58:57
  bureaucracy because it has a self, self funding mechanism
• 59:03
  That is the central bank, that is the money printer.
• 59:06
  Moving on. So that's an example of one type
• 59:09
  of coercive measure it in, in if you live in the in the European
• 59:14
  Union right now, they're basically telling you, you have
• 59:18
  to self verify a wallet before you can withdraw.
• 59:22
  And if you can't prove that you own that wallet, you can't do
• 59:25
  that. That's against the law.
• 59:26
  All right, OK, fine, They they passed that.
• 59:28
  That's the law. It is what it is.
• 59:30
  But what do you think happens five years from now?
• 59:33
  Because OK, fine, you can withdraw and you have to prove
• 59:39
  that it's what if, because this is how regulations work, right?
• 59:44
  The next time, the next thing they're going to say is we want
• 59:47
  yourself custodial wallet to be tied to your identity.
• 59:51
  So if Electrum or Sparrow or any of your wallet of Blue wallet
• 59:56
  doesn't have KYC integrated, you actually can't withdraw.
• 1:00:01
  From that exchange and then the next thing they'll say is
• 1:00:03
  actually, you know, because we can't effectively enforce KYC
• 1:00:09
  self custody, you have to keep your money with the custodian,
• 1:00:14
  which of course, it's very easy to Co opt, right?
• 1:00:18
  Like this is the this is the revolution that's happening.
• 1:00:21
  This is why we call it the disintermediation of money and
• 1:00:24
  state, the disintermediation of information and state.
• 1:00:27
  This is why they're having such a hard time with the Internet,
• 1:00:30
  because before it was a lot easier for them to essentially
• 1:00:34
  Co opt a handful of legacy media outlets and control the
• 1:00:37
  narrative that way. It's a lot easier for them to Co
• 1:00:40
  opt a handful of banks than it is to Co opt millions upon
• 1:00:46
  millions of people holding their own money and then millions upon
• 1:00:50
  millions of people could doing their own research.
• 1:00:54
  And The thing is, they'll slip up, which they did, because
• 1:00:59
  they're inevitably going to tell you this isn't about your safety
• 1:01:03
  or this isn't about misinformation as much as
• 1:01:06
  they've told us that this is about controlling the narrative.
• 1:01:08
  This is about controlling you. Because without controlling you,
• 1:01:13
  they can't coerce you into using a money that steals from you to
• 1:01:20
  enrich themselves, to enrich the state.
• 1:01:21
  That's really what it boils down to.
• 1:01:24
  So anyways, Apple has pulled end to ending iCloud encryption in
• 1:01:28
  the UK and removed over 135,000 non compliant apps from the EU
• 1:01:34
  App Store. Apple iCloud backups can no
• 1:01:37
  longer be end to end encrypted in the UK while all apps without
• 1:01:41
  a verified trader status contact information has been removed
• 1:01:46
  from the EU App Store to comply with the EU Digital Services
• 1:01:51
  Act. Right.
• 1:01:52
  A lot of stuff going on in the EU simultaneously while this
• 1:01:57
  stuff is happening, take a look at what an advisor for the
• 1:02:01
  European Central Bank has to say.
• 1:02:03
  Bitcoin has no real economic need.
• 1:02:06
  Well, yeah, I would say that too if my system was based on
• 1:02:11
  coercion and theft. And to use Christine Lagarde,
• 1:02:15
  the head of the European Central Bank's own words, Bitcoin
• 1:02:20
  functions as an escape valve. I would say it has no economic
• 1:02:24
  need also, right? So anyways, let's Scroll down.
• 1:02:28
  An advisor to the European Central Bank has reiterated the
• 1:02:31
  bank's negative stance on Bitcoin as the US explores the
• 1:02:35
  creation of a strategic Bitcoin reserve nation state.
• 1:02:38
  Bitcoin reserves are a risky idea.
• 1:02:40
  Why? Why?
• 1:02:44
  Schaaf argued that while it makes sense for governments to
• 1:02:47
  maintain reserves of energy sources like oil and gas,
• 1:02:51
  there's no real economic need for Bitcoin.
• 1:02:53
  I mean, like, hold on a second. If there's no real, if this
• 1:02:57
  isn't real money, then why do you guys care so much about, you
• 1:03:02
  know, the self custody aspect? You know, if information isn't
• 1:03:06
  dangerous, why do you why do you guys want to see everyone's
• 1:03:10
  data? Why is end to end encryption
• 1:03:12
  dangerous? Why is it dangerous?
• 1:03:15
  And mind you, they again, and this is something that we've
• 1:03:18
  coined here on simply Bitcoin, they project onto US what it is
• 1:03:22
  they are guilty of themselves, which I think it it boils down a
• 1:03:26
  lot of it, a lot of this behaviour, a lot of these
• 1:03:28
  regulations come from that. So Schaff argued that while it
• 1:03:31
  makes sense for governments to maintain reserves of energy
• 1:03:33
  sources, there's quote no real economic need for Bitcoin
• 1:03:36
  because the cryptocurrency has no real economic necessity or
• 1:03:40
  relevant usage. I mean, the price is currently
• 1:03:42
  at $86,967. I would fundamentally agree,
• 1:03:47
  disagree with you and the market is disagreeing with you.
• 1:03:50
  But I think central bankers aren't fans of the market.
• 1:03:54
  And if you look at the raw data, again, if you think that Bitcoin
• 1:03:58
  has no, you know, use whatsoever, this is a website
• 1:04:03
  called Price in Bitcoin 21. And I love using this website
• 1:04:07
  because it essentially tells you what would happen if you
• 1:04:12
  denominated or if you showed that your net worth was in
• 1:04:15
  Bitcoin rather than in dollars. It would show you how
• 1:04:20
  essentially everything gets cheaper.
• 1:04:23
  So a house, the stock market, gold, oil, the dollar.
• 1:04:28
  Let's talk about the euro, right?
• 1:04:30
  If you were saving a Bitcoin that the euro is down 88% / 5
• 1:04:35
  year scale. On a three-year scale, it's down
• 1:04:38
  50%. So, yeah, I mean, if I was the
• 1:04:41
  central banker, I would say exactly what this guy is saying.
• 1:04:46
  And then you have to connect their own words, like, why are
• 1:04:49
  they saying it's an escape valve?
• 1:04:51
  Escape valve from what? What are what are you escaping?
• 1:04:55
  I could tell you what you're escaping.
• 1:04:57
  I can tell you what you're escaping.
• 1:04:59
  It's simple. It's it's not rocket science.
• 1:05:01
  You're escaping theft. You're escaping theft.
• 1:05:04
  You're escaping their ability to extract energy and time and work
• 1:05:08
  from you. That's what it comes down to.
• 1:05:11
  And remember, income tax, as much as it's unpopular with our
• 1:05:16
  audience, the fact is that the only way that we're going to be
• 1:05:20
  able to repeal income tax, and at least the Overton window is
• 1:05:24
  being shifted regarding this topic here in the United States
• 1:05:28
  is through legislation. That's it.
• 1:05:30
  It's the only way. It's in the law.
• 1:05:32
  It's enshrined in law, right? Europe, it's the same thing.
• 1:05:36
  Like it could be unpopular. You could say taxation and
• 1:05:38
  stuff. Somehow our representative
• 1:05:42
  democracies have voted that income tax is a thing and that
• 1:05:47
  it's the law and it is what it is, right?
• 1:05:50
  But big, but we have not agreed on the money tax that isn't in
• 1:05:56
  the social contract, OK, that we have not agreed to that.
• 1:06:01
  We have not agreed to inflation. We have to as a as a collective
• 1:06:07
  society, we have to pay the inflation tax as well.
• 1:06:10
  We have not agreed to that. We have not agreed to that
• 1:06:14
  whatsoever. And This is why Bitcoin is being
• 1:06:17
  adopted. Bitcoin isn't being adopted
• 1:06:19
  because, you know, 21 million and all the memes that we make
• 1:06:23
  and as simply Bitcoin content. Bitcoin is being adopted because
• 1:06:28
  it's better money, full stop. That's it.
• 1:06:32
  It's really that simple. And what bankers are saying is
• 1:06:36
  like, no, close your eyes. It's not better money.
• 1:06:39
  We don't. You actually don't need it
• 1:06:41
  whatsoever. In fact, it doesn't scare us at
• 1:06:44
  all that we had to essentially strong arm El Salvador into
• 1:06:50
  repealing their Bitcoin legal tender or like, you know,
• 1:06:55
  cutting making a Bitcoin legal tender light.
• 1:06:58
  Like they wouldn't be doing that if they didn't fear what Bitcoin
• 1:07:03
  is. Bitcoin gives power back to the
• 1:07:06
  people and fundamentally, if you're a central banker, that
• 1:07:11
  absolutely terrifies you. And that's what it comes down
• 1:07:14
  to. And I'm so excited for these
• 1:07:17
  next couple of years because we're going to start to see a
• 1:07:20
  divide between the United States and Europe.
• 1:07:25
  Europe's going to go down the tyrannical top down control path
• 1:07:31
  and the United States and is going to go down the let
• 1:07:36
  business thrive, let entrepreneurialism thrive, let
• 1:07:40
  meritocracy thrive and history has shown time and time and time
• 1:07:46
  and time again that the free market capitalism is by enlarge
• 1:07:53
  the best way for societies to achieve prosperity.
• 1:07:58
  Every collectivist society in history has failed time and time
• 1:08:04
  and time again. The top down economic model does
• 1:08:09
  not work. I think the missing element for
• 1:08:13
  capitalist and free market societies is that they've always
• 1:08:17
  had a form of broken money or government controlled money, and
• 1:08:21
  you can make a very strong argument that that's hindered
• 1:08:23
  them. And I think this is their last
• 1:08:27
  vestige. This is the last attempt by
• 1:08:28
  governments to retain some control over the economy, some
• 1:08:34
  control over their people. And I've said this many times,
• 1:08:37
  and then I'm going to pass it on to Opti.
• 1:08:39
  Like I think that the question isn't, and this is what Elon is
• 1:08:50
  doing and why what he's doing is so important.
• 1:08:53
  The question isn't what is money?
• 1:08:56
  That's the first question. The question is what is
• 1:09:01
  government and what should the role of government be in
• 1:09:04
  society? I don't think people would have
• 1:09:08
  a problem paying taxes. The problem is what am I getting
• 1:09:13
  in return? So fine, there's a social
• 1:09:17
  contract, I have to pay this, but why do I have to pay a money
• 1:09:21
  tax too? And what what I don't understand
• 1:09:24
  and what am I getting for that? Because what Doge has uncovered
• 1:09:27
  is fraud. Like, that's what I'm getting
• 1:09:31
  for it. That's what I'm getting for it.
• 1:09:33
  Right. Anyways, Opti, I'm glad to be
• 1:09:35
  back, bro. Had to go on one of one of the
• 1:09:38
  Nico Jones rants. What's your bid on this?
• 1:09:41
  Right. I know we went a little bit
• 1:09:42
  over. What are your thoughts, too?
• 1:09:44
  Yeah, So I mean, am I surprised what's going on in Europe?
• 1:09:48
  This is this is where, like my American patriotism just really
• 1:09:52
  starts to flare up. And I'm just so glad that we,
• 1:09:55
  you know, cut ourselves off from Europe hundreds of years ago
• 1:09:58
  because they are cannibalizing themselves.
• 1:10:00
  They're shooting themselves in the foot, metaphorically of
• 1:10:03
  course. And every action or reaction
• 1:10:06
  that we see come out of the EU as a collective or even in
• 1:10:10
  independent states or, you know, individual states, they're just
• 1:10:13
  constantly attacking the people. And this just goes to show that
• 1:10:17
  they're scared of not only the Internet age, but of Bitcoin and
• 1:10:21
  freedom money. And I literally just noticed
• 1:10:24
  this morning and I, I guess I've been living, you know, in, in an
• 1:10:28
  oblivious Bitcoin echo chamber. But I realized this morning just
• 1:10:32
  how weak the euro dollar is right now compared to the dollar
• 1:10:35
  usually, you know, as long as I've kind of been aware in an,
• 1:10:39
  an adult euro was always a lot stronger than the dollar was.
• 1:10:43
  And this morning when I noticed that the euro is kind of getting
• 1:10:46
  wrecked, it's, I think it's $1.00 and four pennies per
• 1:10:51
  dollar. And to me, this is explaining
• 1:10:53
  what why you're seeing these very strong reactions from the
• 1:10:57
  ECB or, you know, the government out there is because they're
• 1:11:01
  purchasing power, their money is getting destroyed right now.
• 1:11:04
  And if you listen to Tom Luongo and people like Tom Luongo, he's
• 1:11:07
  kind of been arguing for a while that a lot of the things we're
• 1:11:10
  seeing come out of the Fed is actively fighting against the
• 1:11:13
  euro dollar system and the ECB. And essentially, you know, the
• 1:11:17
  Fed's been trying to bankrupt the EU and it seems like it
• 1:11:21
  might be working if the euro is that week right now.
• 1:11:25
  And when you see these reactions happening, it just goes to show
• 1:11:28
  that when your system starts failing, when your currency
• 1:11:32
  starts to implode, what do they do?
• 1:11:34
  They try to implement capital controls.
• 1:11:36
  And we're seeing this play out in Bitcoin.
• 1:11:38
  Remember, Christine Lagarde said it for a long time that Bitcoin
• 1:11:41
  is the exit system. And here we are.
• 1:11:44
  They're doing whatever they can to try to minimize the, you
• 1:11:47
  know, the bleeding here. They're trying to minimize the
• 1:11:49
  flow out of the euro dollar and going into either the American
• 1:11:53
  dollar or into Bitcoin. And the more they try to clamp
• 1:11:56
  down control, the more people are going to get pissed off and
• 1:11:59
  the more they're going to actively, really, really
• 1:12:03
  aggressively move into alternative currencies or
• 1:12:06
  alternative sources of storing their value.
• 1:12:08
  And, and the stuff we're seeing in regards to social media from
• 1:12:11
  the EU is just absolutely ridiculous.
• 1:12:13
  I mean, I'm sure this show would have gotten naked a long time
• 1:12:16
  ago. And it's funny hearing some
• 1:12:18
  people talk about things on the Internet and they'll be like,
• 1:12:21
  oh, well, you know, I can't really say this because of where
• 1:12:25
  I come from. And they'll put me in jail.
• 1:12:27
  And hey, we're, we're not too different.
• 1:12:29
  I'm getting roasted in the chat right now because, you know,
• 1:12:32
  we're on YouTube. So I'm like, hey, look, we're
• 1:12:34
  trying to play the system so that we can get this message in
• 1:12:37
  front of as many people as possible.
• 1:12:39
  And when they try to clamp down on your speech, it's like, look,
• 1:12:43
  we're we're doing the best we can to fight against the system
• 1:12:46
  by using the medium and, and the means we have at the moment.
• 1:12:50
  But it does look very dystopian. It is very terrifying to see
• 1:12:54
  what route the EU is going. And as we've been saying, you
• 1:12:57
  know, now we seemingly have this idea that this narrative that
• 1:13:02
  the US is going to be more freedom of speech, they're going
• 1:13:05
  to open up the use of Bitcoin, et cetera.
• 1:13:07
  Obviously, we haven't seen anything really in cement yet,
• 1:13:10
  concrete, but it seems like we're seeing a divergence in a
• 1:13:14
  fork in the road in the Western world right now.
• 1:13:17
  The EU is going down a full dystopian tyrannical hellhole
• 1:13:21
  and, and it seemingly seems, at least from a narrative
• 1:13:23
  perspective and a rhetoric perspective, that the EU or
• 1:13:26
  sorry that the US is going the other way.
• 1:13:28
  And hey, I want to live in a place so that is more aligned
• 1:13:32
  with freedom. And I, you know, like I haven't
• 1:13:35
  been to EU in a long time. It's still beautiful.
• 1:13:38
  I'd still like the architecture. But if I was a Bitcoin in the
• 1:13:41
  EU, I'd probably be thinking about leaving.
• 1:13:44
  It doesn't sound like a place I want to be living in.
• 1:13:46
  And Nico and I were kind of joking about that in the States.
• 1:13:49
  And now we're kind of getting a little little fresh, fresh air
• 1:13:53
  here and we're like, OK, maybe maybe we don't have to leave
• 1:13:56
  here, but it's getting crazy. And I think the more they lose
• 1:13:59
  control of the narrative, the more they lose control of the
• 1:14:02
  digital information landscape, the more they lose control of
• 1:14:06
  money, the more they're going to try to clamp down on this.
• 1:14:08
  And so when I see clamping down on money and speech, it just
• 1:14:12
  goes to show that they're terrified and they're doing
• 1:14:14
  whatever they can to corral and, you know, put put the cats in
• 1:14:18
  the room here and they're seemingly losing control here.
• 1:14:22
  So I'm not saying the system's broken yet.
• 1:14:24
  Obviously as a Bitcoiner, I think it's inherently broken.
• 1:14:27
  But you're starting to see that there are some cracks in the
• 1:14:30
  machinery and people are hopefully going to wake up.
• 1:14:33
  At this point, it's hard to for me to believe that people aren't
• 1:14:36
  seeing the problem. And it just makes me think they
• 1:14:39
  just like their slumber. And, you know, we'll just have
• 1:14:41
  to keep keep charting on and keep doing what we're doing.
• 1:14:44
  And hopefully the pain will wake people up absolutely
• 1:14:47
  beautifully, beautifully said. All right, guys, if you guys are
• 1:14:50
  enjoying simply Bitcoin live right now, make sure to smash
• 1:14:53
  that like when it's smash, smash, smash, smash, smash the
• 1:14:55
  like button. Help us break.
• 1:14:57
  Where are we at? 332 likes, guys.
• 1:14:59
  Thank you so much. Help us break 400 likes.
• 1:15:02
  By the time the show ends, guys, we still have content for you
• 1:15:05
  guys. Today's going to be a special
• 1:15:07
  edition Tuesday show. Opti, whatever you talk about
• 1:15:10
  during the culture segment, we got some new FUD coming out.
• 1:15:14
  People are attacking Bitcoin. Bitcoin's going to zero.
• 1:15:17
  They don't realize that everything is going to zero
• 1:15:19
  against Bitcoin. There's still people in the year
• 1:15:22
  of 2025 saying that, hey, Bitcoin is going to 0.
• 1:15:25
  So we'll chat about it a little. We'll we'll probably do a quick
• 1:15:28
  one because we are kind of running late.
• 1:15:29
  So we'll just play the video and we'll react to it.
• 1:15:31
  Absolutely, guys. So we'll be right back.
• 1:15:33
  We still got loaded content for you guys.
• 1:15:35
  Let's check it out. Here we go.
• 1:15:37
  Culture segment, baby. I want to give a shout out to
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  our sponsor Hive Digital Technologies.
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• 1:17:17
  All right, everybody, we are back.
• 1:17:19
  Opti, what is this FUD that you're talking about?
• 1:17:22
  OK, All right, so I saw this video, I think it was yesterday,
• 1:17:26
  and then I saw another one that was more of a TikTok version,
• 1:17:28
  but we're going to do the original.
• 1:17:29
  So this guy, apparently his name is Gary Stevenson.
• 1:17:33
  He's a British economist, former financial trader and a YouTube
• 1:17:38
  known for his economic analysis and activism against economic
• 1:17:41
  equal inequality. And I guess his he began his
• 1:17:46
  career as an interest rate trader at Citibank in 2008.
• 1:17:49
  He became a millionaire by predicting economic trends,
• 1:17:52
  particularly the impact of, again, wealth inequality on
• 1:17:55
  interest rates. And his claims.
• 1:17:58
  He claims to have been Citibank's most profitable
• 1:18:00
  trader globally in 2011, although the claim has been
• 1:18:04
  disputed. So I'm only saying this because
• 1:18:07
  I don't even know who this guy is.
• 1:18:08
  I've never heard of him, but apparently he's some, you know,
• 1:18:11
  big deal in the UK. Apparently people listen to him.
• 1:18:14
  Maybe he's like the knock off version of like Andrew Tate or
• 1:18:17
  something. I don't know who he is.
• 1:18:18
  I literally don't know it is. But shouts out to Mike, still on
• 1:18:23
  Twitter. And he did this tweet here and I
• 1:18:27
  watched this just kind of, you know, like what, what what's
• 1:18:30
  going on here? What's this video about?
• 1:18:32
  I was actually getting off the airport.
• 1:18:34
  I was getting off the plane and I saw this clip on I guess that
• 1:18:37
  would be Sunday night. And I thought, OK, we, we got to
• 1:18:39
  talk about this at some point. So let's just play the clip and
• 1:18:42
  me and Nico will react to it. This is what I always say to
• 1:18:44
  these crypto boys, right? Crypto can hit zero.
• 1:18:47
  I think it will hit 0. Why do you think that?
• 1:18:51
  You don't exist mate. Imagine you're Satoshi Nakamoto,
• 1:18:54
  right? Probably.
• 1:18:54
  I don't need to tell you that is guy found crypto.
• 1:18:57
  You make up something for free, cost less to make, people are
• 1:19:02
  paying you for it. Fuck, you know, Oh my God, the
• 1:19:04
  amount you've got on paper, suddenly it's worth like half
• 1:19:07
  £1,000,000. Talk about the early days.
• 1:19:10
  Fucking up half a million quid, £5,000,000 maybe.
• 1:19:14
  But you know, as soon as you start selling it, you might get
• 1:19:18
  200 grand. 300 grand. You can't sell £5,000,000.
• 1:19:21
  What are you going to do? If it were me, I'd sell 50
• 1:19:26
  grand. Advertising.
• 1:19:29
  Future of money mate. Look how much it's gone up.
• 1:19:32
  I'd use a bit of money to stabilise the price.
• 1:19:34
  I might even artificially try and push it up a bit, get a bit
• 1:19:36
  of a bubble on it. It's gone up.
• 1:19:37
  Sell a bit more advertising, get more kids in, sell a bit more
• 1:19:41
  advertising. Get more kids in, sell a bit
• 1:19:43
  more advertising. My whole plan would be how much
• 1:19:47
  of this can I get in the hands of idiots and how much of their
• 1:19:53
  money can I take? And I would just run it up and
• 1:19:56
  run it up. And I'd stabilize the price.
• 1:19:58
  And I'd advertise it. And I would advertise it and I
• 1:20:00
  would tell people it's the future of money.
• 1:20:02
  And I would tell people this is going to save the world.
• 1:20:04
  And if I made enough, I might think, fuck, maybe I could fund
• 1:20:07
  a presidential campaign. I'm going to get him in and I'm
• 1:20:10
  going to make the government buy it.
• 1:20:12
  It's a fucking scam me. It's the biggest fucking scam
• 1:20:15
  I've seen in my fucking life. And if I was Satoshi Nakamoto,
• 1:20:19
  just like all the other coins, my aim would be get as much of
• 1:20:22
  this money in. Get of this fake money in the
• 1:20:27
  hands of the world's young hopeful men.
• 1:20:32
  Get them to pay me their real money.
• 1:20:34
  Use that to buy the stock market.
• 1:20:35
  Use that to buy gold. Use that to buy land.
• 1:20:37
  Use that to buy houses. You'd be thinking, all you would
• 1:20:40
  be thinking is how can I advertise this?
• 1:20:41
  How can I get it out? If you want to do due diligence
• 1:20:44
  on an investment, the first thing you want to check is does
• 1:20:49
  it exist. This is points on the Internet
• 1:20:53
  mate. OK, I mean, look, so I mean, I
• 1:21:01
  mean to be honest, hold on a second.
• 1:21:03
  So to be honest, like hold up, hold up, hold up, hold up.
• 1:21:09
  To be honest, bro, like, like, you know, like look, he ain't
• 1:21:25
  wrong. Like, you know, like what he's
• 1:21:29
  saying is, you know, like, OK, like that could be, that could
• 1:21:34
  be true, right? You know, did Satoshi did
• 1:21:38
  technically Satoshi does own like 1,000,000 or 2 million
• 1:21:42
  Bitcoin. Technically he could take that
• 1:21:46
  Bitcoin and use it to like pump up the price and take take that
• 1:21:52
  Bitcoin and use it to like fund a bunch of advertising and all
• 1:21:56
  that stuff. Like technically like everything
• 1:21:59
  he's saying, right? OK, fine, give him benefit of
• 1:22:03
  the doubt. But that's not, that's not the
• 1:22:07
  way I'm looking at it. The way I'm looking at it is
• 1:22:10
  like this is the, this is the simple question.
• 1:22:13
  OK, so he's basically making the case that this thing's a scam.
• 1:22:18
  OK, why was Bitcoin invented in the 1st place?
• 1:22:23
  Bitcoin is invented in the 1st place because Fiat is a scam.
• 1:22:28
  Like I can literally make the argument I just did went on a
• 1:22:32
  like a rant like a 25 minute ramble.
• 1:22:35
  Like Fiat is literally a scam. It doesn't.
• 1:22:39
  The guy said like he just created us.
• 1:22:41
  What do governments do? We don't even know if the gold
• 1:22:45
  is there in Fort Knox. They took the gold from the
• 1:22:47
  American people in the 1930s. They put it in Fort Knox.
• 1:22:52
  We have not been able to see it since the 1970s.
• 1:22:55
  Look at all the fraud that was discovered with doge.
• 1:22:58
  Look at how much they're they're screaming and kicking and they
• 1:23:00
  said no, you can't do this. You trust them with the money.
• 1:23:05
  Like what's the inflation rate of the pound?
• 1:23:08
  Look at what they did during the pandemic.
• 1:23:10
  I mean like if if he if he said that argument and Fiat was
• 1:23:17
  better, maybe it's believable. But if you compare Fiat with
• 1:23:24
  Bitcoin, like the numbers don't lie bro.
• 1:23:27
  It's better money. It's just better money.
• 1:23:30
  Like the dollar has not been able to compete with Bitcoin,
• 1:23:36
  the pound has not been able to compete with Bitcoin.
• 1:23:39
  So what are you advocating for the last 16 years, essentially?
• 1:23:44
  So what are you advocating for? What is it that you're
• 1:23:46
  advocating for? Like, you have this conspiracy,
• 1:23:49
  OK, you know your thought process when you're, I could
• 1:23:53
  tell that you were authentic about it and you're real about
• 1:23:56
  it. I could just feel like when he
• 1:23:57
  was saying, OK, fine, I get it, but what's the alternative?
• 1:24:03
  The alternative is terrible. And we know the we've we've been
• 1:24:07
  discovering what the people who are behind the alternative are
• 1:24:12
  all about. Satoshi disappeared.
• 1:24:15
  We've never heard from him. And not only that, right,
• 1:24:18
  because he kept putting so much importance on Satoshi.
• 1:24:22
  Satoshi doesn't control Bitcoin. Satoshi doesn't can't change
• 1:24:26
  Bitcoin. It's rules without rulers.
• 1:24:29
  It's 21 million, that's it. If Satoshi comes back tomorrow,
• 1:24:33
  which I think would be horrible by the way, but let's say he
• 1:24:36
  came back, he's like, I want to change the rules of Bitcoin.
• 1:24:39
  He couldn't do it because it's because of Bitcoin's
• 1:24:42
  decentralization. So what is Bitcoin?
• 1:24:46
  What is Satoshi's only ability? Well, Sochi Satoshi's nuclear
• 1:24:52
  option is that technically he could come back and dump that
• 1:24:56
  those that 1,000,000 Bitcoin. Satoshi technically could do
• 1:25:00
  that. And it would, it would be, it
• 1:25:03
  would be bad for the price, right?
• 1:25:06
  But he can only do that one time and the price will recover.
• 1:25:10
  The German government could only have dumped the Bitcoin one time
• 1:25:15
  and the price recovered. The Chinese government could
• 1:25:17
  have only banned Bitcoin mining within their borders one time,
• 1:25:21
  and the hash rate and price has recovered.
• 1:25:24
  So that's the difference. And that's the fundamental
• 1:25:28
  difference with governments. And that's why, that's why the
• 1:25:31
  money printer and central banks are so dangerous, because even
• 1:25:37
  if the government makes a mistake, they can just print
• 1:25:40
  more with Bitcoin if you use that Bitcoin.
• 1:25:45
  That's it. That's why the Bitcoin Cash
• 1:25:48
  attack and the block size war went the way it did.
• 1:25:51
  Eventually, I'm not going to name any names, but eventually
• 1:25:54
  the Bitcoin Cash guys and the BSV guys, they ran out of money,
• 1:25:58
  they ran out of Bitcoin. And when they ran out of
• 1:26:01
  Bitcoin, they're like, oh God, we can't, you know, manipulate
• 1:26:05
  the trading volume on the exchanges.
• 1:26:07
  We can't artificially make the hash rate higher and we know how
• 1:26:11
  that story ended. Bitcoin Cash and BSV lost.
• 1:26:16
  So like that's the fundamental difference.
• 1:26:19
  Like I could take all his arguments on face value.
• 1:26:22
  Fine, OK, fine. Satoshi's this master schemer
• 1:26:25
  and whatever. What's the alternative bro?
• 1:26:29
  Like, and then also too, like, I don't know if he's from the UK,
• 1:26:32
  his, his accent seem like he's from the UK.
• 1:26:35
  Like I wouldn't want to live in the UK right now.
• 1:26:39
  They're locking up people for Facebook posts, right?
• 1:26:43
  Like that's crazy. Look, look at look at the law
• 1:26:46
  that they just passed. Like in terms of being able to
• 1:26:48
  withdraw, like I don't, I don't want, I wouldn't want to live
• 1:26:51
  there, you know, So like, I mean, you know, take it as you
• 1:26:56
  may, bro, but it's like the world ain't perfect.
• 1:26:58
  Bitcoin ain't perfect. It has trade-offs for sure, but
• 1:27:04
  like, it's sure a whole lot better than Fiat money, than
• 1:27:08
  government money. My two sides anyways, Opti, what
• 1:27:12
  are your thoughts, bro? Yeah, Well, I think the
• 1:27:15
  actually, there's one thing I want to say before I I pull what
• 1:27:18
  I was going to say is someone in the chat noticed here that he
• 1:27:24
  went to the London School of Economics.
• 1:27:27
  And if you know, you know. So like enough said that this is
• 1:27:32
  probably why he has his view on Bitcoin.
• 1:27:34
  And I, I find it interesting and you kind of touched on it as
• 1:27:37
  well. What he said is, you know, I
• 1:27:40
  would, I would use Bitcoin to, you know, dump it on the on the
• 1:27:44
  market and then buy things with real money.
• 1:27:46
  That's the fundamental argument here.
• 1:27:48
  What is real money? Is paper money real money?
• 1:27:52
  Do we have to go back to a gold standard to be real money?
• 1:27:55
  Obviously we are huge advocates of hard assets.
• 1:27:58
  We're we're never going to say, you know, don't buy yourself a
• 1:28:01
  home. We just think, you know, homes
• 1:28:03
  aren't good money. We're never going to say don't
• 1:28:05
  buy gold bricks if you want to, if you like holding physical
• 1:28:08
  gold, by all means buy it. But I just don't think it's
• 1:28:11
  going to be the money of the digital future.
• 1:28:14
  I think a hard capped digital money with essentially 10 minute
• 1:28:18
  settlement times or instant settlement across the globe on
• 1:28:22
  the Lightning Network is the high-powered money that is going
• 1:28:26
  to propel us into a future that is a lot more wealthier than it
• 1:28:30
  is today. And so, you know, just hearing
• 1:28:32
  him kind of cope about Bitcoin, it just, it makes me laugh.
• 1:28:36
  I, I really love it. He's like, it's going to 0.
• 1:28:38
  And also he's, he's essentially describing me here.
• 1:28:42
  He's all like, yeah, I would sell it to idiot hopeful young
• 1:28:45
  men looking for the future. I'm like, yeah, dude, I got 45
• 1:28:49
  IQ and somehow we are out trading the biggest
• 1:28:54
  institutional managers in the world.
• 1:28:56
  I don't know look, hey, you can believe this stuff and you know
• 1:29:01
  you could still stay have fun staying poor or you just stack
• 1:29:06
  sad stay humble and it becomes the world's money and as someone
• 1:29:11
  I think it was stamped in the chat said that was a long way to
• 1:29:14
  say I wish I should have bought Bitcoin in 2011.
• 1:29:17
  So hey look, we're not here just for the gains, but with the
• 1:29:21
  freedom go up that Bitcoin achieved in the future means
• 1:29:24
  number goes up as more people adopt this.
• 1:29:27
  That means that your purchasing power continues to go up.
• 1:29:31
  So I don't know man, it's a very.
• 1:29:33
  Simple, simple, simple equation. I will.
• 1:29:37
  I will give a shout out to Bitcoin Bull.
• 1:29:39
  Appreciate the Super chat brother, but he says buy the dip
• 1:29:42
  BTC music here. Check it out, please.
• 1:29:45
  So check out BTC music. Thank you for the $9 bro.
• 1:29:48
  I appreciate our $10 and that's hilarious.
• 1:29:52
  Also skip down the road said something hilarious.
• 1:29:54
  I rent an apartment above my above above a bank.
• 1:29:57
  My assets over 100 million. All right, everybody, if you
• 1:30:01
  guys enjoyed today's show, I mean, we're eight likes away
• 1:30:05
  from 400 likes guys. So smash that like button, me
• 1:30:09
  and Opti might continue. Should we continue and until we
• 1:30:11
  break 400 likes, Opti, let's do it.
• 1:30:13
  Let's keep rolling it out, bro. Smash the like button, guys.
• 1:30:17
  Let's break 400 likes before we end the stream up today.
• 1:30:21
  But it was a special show. It was a special show, man.
• 1:30:23
  I mean we did this dump. I wanted to give you guys a ton
• 1:30:26
  of valuable content that you guys would would enjoy, you guys
• 1:30:30
  would want to talk about. I still think we're in.
• 1:30:33
  I still think we're in the bull market.
• 1:30:35
  You know, maybe you guys have a difference of opinion.
• 1:30:39
  I still think the party is still going.
• 1:30:41
  I totally bought a lot of Bitcoin at $99,500.
• 1:30:46
  I thought I was going to RIP that day.
• 1:30:48
  Totally did it. And I don't feel too good about
• 1:30:51
  that. But hey, look, you know, life is
• 1:30:54
  life and you know, that's part of it.
• 1:30:56
  Anyways, we did just crush through 400.
• 1:30:58
  We're at 4:15. Wow.
• 1:30:59
  Well, I was going to bring up a meme because everyone's shitting
• 1:31:02
  on me and Rumble about no memes, but my Twitter is, is not
• 1:31:05
  working right now for some reason.
• 1:31:06
  So all right, guys, 400. So sorry Rumble.
• 1:31:09
  Sorry the three to five people that yell at me every single day
• 1:31:12
  about no more memes. Almost had it for you.
• 1:31:14
  All right, guys, well, we appreciate you guys.
• 1:31:17
  We love you guys. Thank you guys so much for
• 1:31:19
  making all this possible. Smash the like button.
• 1:31:22
  Consider subscribing if you feel like we provided you value.
• 1:31:25
  Oh wait, before we go, I got to give a shout out to our sponsor
• 1:31:28
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• 1:31:30
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• 1:31:58
  Anyway, smash the like button if you guys enjoyed today's show.
• 1:32:01
  Consider subscribing if you feel like we provided you value.
• 1:32:03
  We love you all. We'll be back tomorrow for a
• 1:32:05
  brand new episode of Simply Bitcoin.
• 1:32:09
  Today's episode was brought to you by bitcoinwell.com, a
• 1:32:12
  Bitcoin only platform on a mission to enable financial
• 1:32:15
  independence.