Latest / Simply Bitcoin / Politics Embraces Bitcoin As Strategic Reserve Asset in US | EP 1041

Transcript

Politics Embraces Bitcoin As Strategic Reserve Asset in US | EP 1041 · Simply Bitcoin

• 0:02
  It's. All going to zero against
• 0:05
  Bitcoin. It's going up for everyone.
• 0:15
  You're against Bitcoin. You're against.
• 0:16
  Freedom, being forced to make these gut wrenching decisions
• 0:27
  because our money is broken with a beleaguered American middle
• 0:32
  class. With a beleaguered American
• 0:41
  middle class, Bitcoin is the off ramp from the inflation Hwy. of
• 0:47
  doom. If the world were on a Bitcoin
• 0:50
  standard and our money held its value, we would all have the
• 0:53
  ability to live more abundant lives.
• 0:56
  Bitcoiners have it right. Fix the money, fix the world.
• 1:08
  Yo, good morning everybody. Welcome back to simply Bitcoin.
• 1:13
  What a historic, historic week it has been in Nashville.
• 1:16
  An incredible event that was thrown in Nashville by the
• 1:19
  Bitcoin Mag team. Shouts out to the whole Bitcoin
• 1:21
  Mag team. They did an incredible job.
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  Yes, you heard it here first, or rather you heard it correctly.
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  Bitcoin is entering the mainstream consciousness and I
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  know a lot of Bitcoiners aren't that happy about Bitcoin and
• 1:35
  politics being commingled gold, but politicians have landed on
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  our front door for good reason because Bitcoin is all right.
• 1:42
  You just heard RFK Junior say what we've been saying for a
• 1:45
  long time. If you fix the money, you fix
• 1:48
  the world, and I think this was a historic event, an incredible
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  moment in the Bitcoin history. Bitcoins been going for 15 years
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  and now we are finally being recognized.
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  I think this is further testament to what we say here
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  all the time. The Bitcoin movement is
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  incredibly strong, and now everyone is waking up to the
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  fact that the money is broken. And of course, as politicians,
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  politicians are going to do what politicians do best and they're
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  going to speak in ways to make you make them vote for you.
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  Well, it was a historic event. Everyone was freaking out about
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  Trump speaking at the Bitcoin conference.
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  It was it was hectic at the venue because of the Secret
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  Service. It what it made it a little
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  different than years past, but I think there was a lot of
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  defining conversations coming out from the Bitcoin conference.
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  There was bipartisan support for Bitcoin from both sides of the
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  aisle. People waking up to the idea
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  that Bitcoin really is an asset, really is a money that needs to
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  be embraced in the United States.
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  And of course, as Bitcoiners, we love the grassroots movement of
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  Bitcoin. It's about the individual
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  getting more power, more sovereignty.
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  But now we're realizing that the politicians, the state is
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  acknowledging Bitcoin as a movement and they're looking to,
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  you know, garner your vote. They're out here politicking.
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  They're out here doing the speeches.
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  They're out here saying our rhetoric and the Bitcoin signal
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  is making it to the mainstream. So today's show, we are going to
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  cover a lot of different clips coming out of the Bitcoin
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  conference. We're going to start with, of
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  course, in numbers, very bullish prediction by Michael Saylor.
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  The news. We're going to cover the what
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  actually came out of the Trump speech.
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  Cynthia Lummis, Vivek Ramaswami, Ro Khanna, Ron Paul was there,
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  absolute legend. And of course, RFK Junior and
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  just a lot of incredible signal coming out.
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  And then the culture, I'm going to cover the response from the
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  legacy media in regards to Trump being at the Bitcoin conference
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  and we'll see what happens. Are we breaking the echo
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  chamber? Are we getting the Bitcoin
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  signal outside of just the Bitcoin echo chamber?
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  I think we are. I think we are finally entering
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  the mainstream consciousness. It's still early.
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  Yes, it is still early in Bitcoin, but now you're
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  realizing that everything we've been saying for a long, long
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  time, it's finally gaining to the surface and more people are
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  waking up to the fact that Bitcoin is here, it is not going
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  away and people need to embrace Bitcoin.
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  So of course we are an and centric show we are in America
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  and as much as we as Bitcoiners probably don't care so much
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  about politics, it is becoming very clear that politicians are
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  caring about Bitcoin now. And I would argue this is a good
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  thing. Yes, I know Bitcoin is a
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  political, but that's why Bitcoin is political.
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  We all know here. If you watch simply Bitcoin with
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  us every single day, it's all about the money.
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  It will always be about the money.
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  Politics is just an organization of power and they get their
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  power from from the money printer.
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  And this is where we are guys. This is where we are in the
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  story. Anyways, as you can tell, it's
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  your boy Opti. I'm hosting today.
• 4:53
  Nico couldn't necessarily fit this in with a slight.
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  He thought he figured it out where he could get off his
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  flight from Nashville, end up on the show.
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  But he's running a little late so I had to call in some friends
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  here for today's show. Me and Chris Alemo are going to
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  hold it down. Shouts out to Chris Alemo, Good
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  to have you bro. Good to hang out with you in
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  Nashville. How about before you start,
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  what's your take away in regards to the Bitcoin conference in
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  general? What you've been at the Bitcoin
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  conference you you've, you've literally done the programming
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  for the Bitcoin conference. So how was this year different
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  than years past? This is what winnings like Opti,
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  you know we have the politicians pandering to us.
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  I know many Bitcoiners, myself included, you know we don't like
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  politics. But what's that famous quote?
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  You may not like politics, but politics likes you.
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  But instead of you know them, us trying to SIM for them, they're
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  something for us. So like I said, this is what
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  winning looks like. They realize that Bitcoiners and
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  I know crypto lumped in, they're looking at this and they're
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  looking at this as a serious voting bloc.
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  So, you know, as Bitcoin goes up in purchasing power and us are
• 5:58
  slowly getting richer over time, they're realizing the weight
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  that our voice carries in the United States.
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  I think the the statistic was in the United States by twenty,
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  24147 million Americans have touched Bitcoin and crypto at
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  some point over the history of their lives.
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  If you think about it, if there's 330 million people that
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  you know, live in the United States, that's a big freaking
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  deal. Obviously, some people have lost
• 6:23
  those coins along the way. Some people have gotten it and
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  gotten wrecked and sold it. Many of them are crypto people,
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  which I assume, but you know, at the end of the day, we're
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  growing voter bloc and opti. It's up to us, you know, you and
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  me and all the Bitcoin community to keep educating people about
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  Bitcoin, not crypto and hold your own keys.
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  You know, many people like to believe, oh, I got Bitcoin on
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  Coinbase or I've got, you know, this random meme token on
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  Coinbase. You know they're holding your
• 6:49
  keys. You're not self sovereign.
• 6:51
  So you know, Bitcoin only take self custody your Bitcoin and
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  then become more self sovereign, become based, eat some meat,
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  have a bunch of babies, you know, grill, build your
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  community. So but yeah, great to have
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  politicians sipping for us. Oh man, love the same thing.
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  Absolutely love the same thing. But I mean, it's really a trend
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  that I've been seeing recently is as much as, you know, we all
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  probably get the ache in regards to politicians talking about
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  Bitcoin. I think it's very important for
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  us Bitcoiners to in fact get involved with what's going on in
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  in our communities, you know, at the ground level, get involved
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  with our communities, make sure that people are hearing about
• 7:27
  the Bitcoin signal. People are waking up to not only
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  the truth about Bitcoin, but how this will empower our community,
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  empower the individuals. And so I know as much as
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  Bitcoiners love to tune out, go enjoy their lives, you know,
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  live and let live like don't tread on me libertarian memes.
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  I think it's very important, especially as young people to
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  get involved moving forward so that we can correct the course
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  of humanity and of course, get everyone on the Bitcoin
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  standard. So man, an incredible and I
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  would argue historic weekend in Nashville and man, we're here,
• 8:01
  we're on the mainstage and you just love to see it.
• 8:03
  Anyways, before we move on, of course we got to pay the bills
• 8:06
  here. So shout out to our boys at
• 8:07
  Bitcoin. Well, we were hanging out with
• 8:09
  Adam O'Brien all weekend and his lovely wife.
• 8:12
  We were talking about the future of Bitcoin well, where we're
• 8:15
  going, what's going to happen. A lot of incredible stuff coming
• 8:18
  out from Bitcoin well, but of course, we got to plug the
• 8:21
  Bitcoin well wishing well. If you guys know, once you sign
• 8:25
  up to Bitcoin well, you get some coins that toss into the Bitcoin
• 8:28
  wishing well with a chance to win a million SAT.
• 8:31
  So once you sign up, you're in the Bitcoin well dashboard, go
• 8:34
  into the Bitcoin well rewards, go into my reward redeem, and
• 8:38
  then you can throw a coin into the wishing well.
• 8:41
  So pull out your lightning wallets right now.
• 8:43
  We're going to get some free SAT for you guys and it'll come up.
• 8:46
  Scan it with your QR code. We'll see.
• 8:48
  Yeah, I don't have my wall. And about to scoop this optic.
• 8:51
  Am I about to scoop this? Yes, you can, Chris.
• 8:53
  You can scoop the wishing well sat right now, but when you sign
• 8:58
  up, you get 5 free tosses into the wishing well and you got a
• 9:01
  chance to win a million sets. And the funniest part is all of
• 9:04
  us this weekend, we were, we were like little kids with the
• 9:07
  wishing well like Adam would pull it up and we're like how
• 9:09
  many sets did we get? We're walking home from the
• 9:11
  conference and you know, we're all just trying to get some free
• 9:14
  set. Every set counts.
• 9:15
  This is the way. Anyways, guys, let's get into
• 9:18
  the show because we have a lot to talk about Bitcoin numbers.
• 9:25
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  Stamp your seed on stamp seed. Want to give a shout out to
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  James Stamp Seed. He was at the conference, he was
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  Pacific Bitcoin there, so check out stamp seed there.
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  James is an awesome dude and they've got an awesome product
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  there. They also had the limited
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  I think they ran out off the. I don't know if you saw, but he
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  was running low after like I think just the second day
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  already. Yeah, I think, I think they were
• 11:02
  pretty much sold out. I I actually was like, yo, hold
• 11:04
  me one. And then I got busy on Friday
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  and I went back and I think he was at the Trump speed.
• 11:10
  So James, I'm sorry, I am I missed you to actually get my
• 11:14
  stamp seed kit. I needed to get some more plates
• 11:16
  and stuff. But hey, man, appreciate you,
• 11:19
  James. Appreciate the stamp seed.
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  Of course, wait, scan the QR code.
• 11:23
  Make it easy for you guys. Make sure you're not leaving
• 11:25
  your seed phrase in a piece of paper on your sock floor and
• 11:28
  your sock drawer. All right, guys, I'm over here
• 11:30
  in Clark Moody Dashboard and of course, I think I said this last
• 11:32
  week, I am going to filter out most of the numbers and just get
• 11:35
  to the numbers that you care about.
• 11:36
  Of course the Bitcoin price. We did see the Bitcoin price
• 11:40
  pump a little bit. I saw it did get up to 69 K
• 11:43
  Apparently we got a little correction.
• 11:45
  The current Bitcoin price is at 60 that $67,000 and the only
• 11:49
  other number that we really need to know is the block height
• 11:52
  TikTok next block Bitcoin is working exactly as designed and
• 11:54
  we are currently at 854,525. If you're still on the Gregorian
• 11:59
  calendar you are later you're in the past man.
• 12:04
  The only time that matters is the block height.
• 12:07
  All right, so I told you there's a lot of incredible moments
• 12:10
  coming out of the Bitcoin conference.
• 12:12
  But of course it would. This wouldn't be a Monday show
• 12:15
  on simply Bitcoin if we didn't give you guys some bull sauce.
• 12:18
  And I think if you watch Michael Saylor's speech, we got one of
• 12:22
  those moments. We got an incredible bullish
• 12:24
  prediction on where Bitcoin is going.
• 12:26
  Of course, we all know the meme. It's going up forever.
• 12:29
  Infinity divided by 21 million hard cap supply, which means the
• 12:33
  number of Bitcoin has to go up. It's the only thing that cannot
• 12:36
  be debased. So the price is going up
• 12:38
  forever, but let's hear Saylor talk about why and where he
• 12:43
  thinks the Bitcoin price is going.
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  So here's a clip from the Bitcoin conference in Nashville.
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  Of course, highly recommend you watch the whole speech and
• 12:51
  there's a lot of incredible speeches, but we got a we got a
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  good little sound bite for you guys right here.
• 12:56
  Here's my macro Bitcoin forecast.
• 12:59
  It's 21 years. It goes out to the year 2045.
• 13:04
  What do I think will happen? Well, I've got a bear case and a
• 13:06
  bull case. But what I think will happen is
• 13:08
  that 55% ARR goes to 50 percent, 454035302520.
• 13:17
  It's between 50 and 20. It'll gradually decelerate till
• 13:21
  it's growing about twice as fast as the S&P index.
• 13:25
  And at that rate, bitcoins $13 million a coin in the year 2045,
• 13:32
  13 million. It could be, it could be a 3
• 13:34
  million bear case. It could be a 49 million bull
• 13:37
  case. But what is Bitcoin?
• 13:39
  7% of the world's assets. Then what about the rest of the
• 13:44
  assets? Well, I actually think that AIS
• 13:48
  and technology are going to revolutionize tech.
• 13:51
  We had no companies worth a trillion.
• 13:53
  Then we had a bunch of trillion dollar companies.
• 13:55
  You're going to see more because you're going to see companies
• 13:58
  with 100,000 AIS and no employees and they're going to
• 14:01
  do the work of companies that used to have 100,000 employees.
• 14:05
  You're going to see mega corps develop, you know, shipping
• 14:09
  robots and self driving cars and a company that gives a personal
• 14:14
  physician to a billion people without any doctors on the
• 14:17
  payroll. So clearly equity is going to
• 14:19
  grow fast, gold's going to get demonetized, land will be less
• 14:24
  monetized. But look, here's the future in
• 14:28
  2045 doesn't look that revolutionary.
• 14:30
  It looks like today it's. Absolutely love a, you know, a
• 14:35
  bearish 33 mil by 2045, a bullish, what do you say, 49 mil
• 14:40
  per coin. He's his like kind of, you know,
• 14:43
  normal prediction is $13 million.
• 14:47
  I I think at this point Chris is even Sailor being bearish on the
• 14:52
  Bitcoin price. What 2020, 521 years from now,
• 14:56
  we got a range from three million to you know, 40 plus
• 14:59
  $1,000,000, which average price of around 13 mil.
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  Of course we are just throwing numbers, but at least we got a
• 15:05
  time frame and we got a price prediction out of Sailor, which
• 15:10
  you usually don't get. He's usually just like, yeah,
• 15:12
  it's going to be millions of dollars eventually and here we
• 15:15
  are. But the signal remains the same
• 15:16
  guys, Bitcoin is going to go up. Bitcoin is going to take a lot
• 15:22
  of the value coming out from other assets.
• 15:25
  He even mentioned Bitcoin demonetizing gold by in 20
• 15:29
  years, which would I think that might be the most bullish
• 15:32
  prediction out of that little clip that we saw this morning.
• 15:35
  But I find it interesting when he ended that clip, what he
• 15:38
  said, he's like the world in 20 years won't look too much
• 15:40
  different than it does today. And I think that's a lot of
• 15:43
  bitcoiners. We we do have this view that
• 15:45
  Bitcoin will take all of the value out of all assets ever.
• 15:49
  I know we talk about this constantly.
• 15:50
  The total asset market is $900 trillion and a lot of Bitcoiners
• 15:54
  get really, really bullish and like all of that $900 trillion,
• 15:57
  it has to go into Bitcoin. It will eventually go into
• 16:00
  Bitcoin, but I think on a more conservative level, we know that
• 16:03
  Bitcoin will take a small if not significant chunk of that total
• 16:08
  value, which means that the Bitcoin price is going up.
• 16:12
  And it always reminds me of when you have these conversations
• 16:14
  with normies with with pre corners, with people that aren't
• 16:17
  Bitcoiner. They always say the same thing.
• 16:20
  I'm late to Bitcoin. I missed the Bitcoin bow.
• 16:22
  But I think as the data keeps coming out, as we're seeing
• 16:26
  Bitcoin enter the mainstream consciousness, most people are
• 16:29
  realizing that we are still early to Bitcoin.
• 16:31
  If you have these conversations with people outside of the
• 16:34
  Bitcoin echo chamber, you realize most people either a
• 16:37
  don't understand Bitcoin or you know, have never even touched
• 16:41
  Bitcoin. Yes, we have a huge voting bloc
• 16:44
  in regards to Bitcoin and Bitcoin adoption.
• 16:46
  Well, you know that I think the number right now is like 40
• 16:48
  million. Like Chris was just saying,
• 16:50
  we'll have 100 million plus people that have touched
• 16:52
  Bitcoin. It is still early in this game
• 16:55
  of Bitcoin and Bitcoin still has a lot of runway to go.
• 16:58
  I mean, actually I'm going to save the the trump prediction on
• 17:01
  the Bitcoin price because that was actually hilarious.
• 17:05
  But I do have a, a kind of good story.
• 17:07
  I was hanging out with Aladdin of BTC trading cards and he was
• 17:10
  telling me about this event he did for the trading cards.
• 17:14
  It wasn't a Bitcoin event, but they showed up.
• 17:16
  It was like a trading card event.
• 17:18
  And the amount of people that came up to him and said
• 17:20
  something on the lines of, oh, I didn't know Bitcoin was doing
• 17:23
  trading cards. No, I didn't know the Bitcoin
• 17:26
  CEO had a trading card company. And this just goes to show that
• 17:30
  we are in an echo chamber. If you go to these conferences.
• 17:34
  And I also heard a lot of people say like, it's so refreshing
• 17:36
  going to a conference and, and everyone understanding what is
• 17:39
  going on. And you, you don't have to try
• 17:41
  to orange pill someone. Our community, or rather our
• 17:45
  understanding of how the world is, it's still very small in, in
• 17:49
  regards to the grand scheme of things right now.
• 17:50
  So there's still a lot of room to run.
• 17:53
  I'm sure if you still have normally friends, you still talk
• 17:55
  to normal people out there that aren't bit corners.
• 17:57
  They don't understand what's going on.
• 17:59
  And as we move forward, more people are going to start to
• 18:02
  wake up. This is why the Bitcoin
• 18:03
  conference in Nashville, I think was such a historic moment,
• 18:07
  because now it's getting into the mainstream.
• 18:09
  We have politicians entering on our front doors talking about
• 18:13
  Bitcoin, trying to get the Bitcoin vote.
• 18:15
  And you just you just once you zoom out a little bit, you're
• 18:17
  like, man, it is still early. People really don't understand
• 18:20
  Bitcoin at all. And This is why we do what we do
• 18:23
  is so that more people wake up to Bitcoin.
• 18:26
  You know, as a, as this hat that I got at the conference says, we
• 18:29
  are the Bitcoin propaganda department.
• 18:31
  And it's not about just just spreading bullish news and, and
• 18:35
  getting people wrecked on price predictions.
• 18:38
  It's showing them that there is a better alternative.
• 18:40
  And of course that is Bitcoin and you need to get some just in
• 18:43
  case it catches on as Satoshi was saying all those years back.
• 18:46
  But man, it's so early. And what do you think about this
• 18:49
  prediction, Chris? You know, 3,000,000 bearish in
• 18:52
  21 years, up to 40 million plus dollars in 21 years.
• 18:57
  Is even Sailor being bearish? What what's what's your thoughts
• 18:59
  on that prediction? He's bearish, dude.
• 19:01
  He doesn't he? You know, he thinks the dollar's
• 19:04
  gonna be around in 2045. I hope our kids opti when we're
• 19:08
  old men in 21 years are, you know, our future kids that
• 19:11
  aren't born yet are like, Dad, what's the dollar?
• 19:13
  You know, they see this presentation from 21 years ago.
• 19:16
  They're like, Dad, what? What's this guy Michael Saylor
• 19:18
  talking about? I don't know what a dollar is
• 19:20
  anymore. I think that would be the, the,
• 19:22
  the true thing. No, all joking aside, CK Snarks,
• 19:25
  good buddy of mine, my old boss at Bitcoin magazine, he's now at
• 19:28
  the Human Rights Foundation. He actually did a recent episode
• 19:31
  of what Bitcoin did with Peter McCormack.
• 19:33
  And he says no one's bullish enough.
• 19:34
  And he truly believes that. I know, you know, Michael Saylor
• 19:37
  coming in with these bullish looking predictions of forty,
• 19:40
  $49 million per Bitcoin price. But I think CK has this point of
• 19:46
  like breaking it down and kind of narrowing the focus.
• 19:49
  CK always says, like some of the best developers for Bitcoin
• 19:52
  aren't even born yet. Some of the latest innovations
• 19:55
  on, you know, the Lightning Network or other layer two
• 19:57
  layers or layer 3 layers haven't been adopted or fully utilized
• 20:00
  yet. You know, we're still really
• 20:02
  early. I know it's hard to believe
• 20:03
  with, you know, Dom and I were going around the conference or
• 20:06
  around Nashville asking just random people, normies or Uber
• 20:09
  drivers, oh, have you heard of Bitcoin?
• 20:11
  And they're like, normally they say yes.
• 20:13
  And then like, oh, what do you think?
• 20:14
  One Bitcoin's worth right now? And the general answers from
• 20:17
  many people $500. 1000 dollars, $5000 and we're like Nope, Nope,
• 20:22
  much higher. And they were like $67,000.
• 20:24
  And the sheer look of shock on their faces when they were like,
• 20:27
  Oh my gosh, I didn't know Bitcoin was that expensive.
• 20:29
  And then I think the immediate normie or people that aren't in
• 20:31
  the space, their reaction is, well, I can never afford one
• 20:34
  Bitcoin. I can't afford $67,000 right
• 20:36
  now. But the beauty of Bitcoin is it
• 20:38
  can be subdivided into sats. Obviously.
• 20:40
  You know, what was it at the beginning of the show?
• 20:42
  I think it's $1.00 buys you about 14,090 sats, you know,
• 20:46
  14190 sats. So yeah, you can buy a fraction
• 20:50
  of the Bitcoin. Obviously, you know, many people
• 20:52
  advocate for DCA dollar cost average, so you can buy a
• 20:55
  fraction of the Bitcoin. And yeah, I, you know, stay
• 20:58
  humble. Stack sets, as Matt Odell always
• 21:00
  says. Let's go.
• 21:01
  Well, one of my favorite response to, you know, Bitcoin,
• 21:06
  or what's the price of Bitcoin? And they're like, oh, Bitcoin
• 21:08
  doesn't have value. And you're like, yeah, well,
• 21:10
  just like give me a Bitcoin. If it, if it's, if it literally
• 21:14
  has no value, then how about you please just give me a Bitcoin.
• 21:17
  Because you know. I would like more Internet.
• 21:20
  Well, you know, Internet nerd money.
• 21:21
  It'd be great, but hey, can't just give away bitcoins.
• 21:25
  Yeah, for sure. All right, guys.
• 21:27
  Well, let's get into the meat of today's conversation because
• 21:30
  this is what everyone's talking about.
• 21:32
  This is what really is, is getting the Bitcoin signal out
• 21:35
  of the echo chamber is Trump being at the Bitcoin conference,
• 21:38
  the bipartisan support that we saw come out of the Bitcoin
• 21:41
  conference, basically politicians sipping for
• 21:43
  Bitcoiners at the Bitcoin conference, which you just love
• 21:46
  to see. But let's get into this The
• 21:51
  Daily News. I want to give a shout out to
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• 22:48
  more. Saying that if I am elected, it
• 22:54
  will be the policy of my administration, United States of
• 22:59
  America, to keep 100% of all the Bitcoin the US government
• 23:04
  currently holds or acquires into the future.
• 23:07
  We'll keep 100%. I hope you do well, please.
• 23:12
  This will serve in effect as the core of the strategic national
• 23:17
  Bitcoin stockpile. Absolutely love it.
• 23:21
  Absolutely love to see. Of course, there's a lot of
• 23:25
  conversations coming out of the Bitcoin conference.
• 23:27
  There's a lot of, you know, talk about Trump even being at the
• 23:30
  Bitcoin conference. So today we're going to unpack
• 23:33
  some of the things that he said at the Bitcoin conference.
• 23:36
  Oh, sorry, I put on the wrong QR code.
• 23:38
  I scanned the QR code over there for a passport by foundation.
• 23:42
  All right, let's break down some of the things that Trump said at
• 23:47
  the Bitcoin conference in Nashville.
• 23:48
  Of course, you just heard him mention of the fact that they
• 23:51
  want to hold on to Bitcoin for a while.
• 23:53
  You know, a strategic Bitcoin reserve.
• 23:56
  We are seeing that now. Bitcoin is being embraced by
• 23:59
  politicians. Of course, we've been covering
• 24:01
  this for a couple of weeks. The Republican Party has made a
• 24:04
  a huge pivot into Bitcoin. They're realizing that the
• 24:08
  Bitcoin voting bloc is a huge untapped market of, of freedom
• 24:12
  minded American loving, or rather, you know what America
• 24:17
  stands for loving people. They want to see the country
• 24:20
  that they live in prosper versus what we're seeing on the
• 24:23
  opposite side. You know, we say it all the
• 24:25
  time, it's Bitcoin or slavery. And one side of the party is
• 24:28
  seemingly pro CBBC and the other side of the party is anti CBBC
• 24:33
  embracing Bitcoin. So I got a little breakdown here
• 24:36
  from Dylan Leclair in regards to the speech.
• 24:39
  You can watch a whole speech. I know a lot of Bitcoiners were
• 24:42
  saying, oh, it's a little lackluster.
• 24:44
  Maybe they could have angled the speech a little better.
• 24:47
  Maybe they weren't so sure that the Bitcoiners in that room
• 24:52
  were, were very tapped in. I, I think people were really
• 24:55
  hoping for incredible stuff coming out of the Bitcoin
• 24:59
  Nashville conference and Trump's speech.
• 25:01
  But overall, if you really listen to it, besides the fact
• 25:04
  that some of it was just like a generic presidential rally
• 25:08
  speech here, he did say a lot of Bitcoin stuff.
• 25:11
  So Dylan Leclair breaking it down, Trump goes Bitcoin
• 25:15
  probably overtakes gold. I will fire Gary Ginsler.
• 25:18
  And if you watch the speech that was, that might have been one of
• 25:20
  the funniest, one of the funniest points of this speech.
• 25:23
  He like said, it's like, I will fire Gary Ginsler.
• 25:25
  The crowd freaks out. He's like, oh, wait, you guys
• 25:27
  love this. I'm going to say it again.
• 25:29
  I will fire Gary Ginsler. He got even more of a standing
• 25:31
  ovation, which was absolutely hilarious.
• 25:34
  He also said what we say here all the time of Hoddle your
• 25:36
  Bitcoin, hold on to your Bitcoin for as long as possible.
• 25:39
  He said it never sell your Bitcoin.
• 25:41
  So at least to some extent, the speech writer is starting to tap
• 25:44
  into the Bitcoin message. He also mentioned Bitcoin or saw
• 25:48
  inflation before anyone else, which RFK also basically said in
• 25:52
  his speech, the RFK speech set a really high bar for Trump.
• 25:56
  You know, I know RFK is an independent candidate, so he's
• 26:01
  got a little more leeway to say things that Trump could never
• 26:03
  say. So he's, he set the bar really
• 26:06
  high. And so I noticed a lot of a lot
• 26:08
  of trends out there. There was a theme from a lot of
• 26:10
  Bitcoiners like man, I, I really wish Trump did more, but I think
• 26:14
  just the fact that he showed up to a Bitcoin conference, the
• 26:16
  fact that he felt he needed to show to a Bitcoin conference and
• 26:19
  talk to a room of bit corners just shows how far the Bitcoin
• 26:23
  movement is gone. Again, going to some more of
• 26:25
  these quotes, the danger to the dollar comes from Washington,
• 26:28
  not Bitcoin. I think that that was one of the
• 26:30
  most defining points of the conversation where he's starting
• 26:33
  to acknowledge that, as he used to say in the past, the swamp is
• 26:37
  literally the biggest threat to America.
• 26:39
  Not just because of all the corruption that we've seen, but
• 26:42
  the fact that they have the money printer that they are
• 26:44
  printing obscene amount of money for all of this ridiculous
• 26:47
  stuff. And if we get back to a Bitcoin
• 26:50
  standard, it's going to be a lot harder for them to do this.
• 26:53
  And then of course, I think the new meme that came out was the
• 26:56
  US to create a strategic Bitcoin stockpile.
• 26:59
  Now I know a lot of people were talking about that he dropped
• 27:02
  the ball at the very end of the speech when he said what did he
• 27:04
  say? Goodbye and thank you to
• 27:06
  everyone, you know, have fun playing with your Bitcoin and
• 27:08
  crypto things. And everyone was like what like
• 27:12
  does he even understand Bitcoin? What's going on here?
• 27:15
  But again, also, he said it again, guys, he doubled down or
• 27:19
  rather tripled down on freeing Ross Ulbricht on day one.
• 27:23
  And if you were at the conference, you saw that the
• 27:25
  Bitcoin mag team had the shirt, you know, free Ross day one.
• 27:29
  So he's doubling down on that idea of freeing Ross, which is
• 27:33
  absolutely incredible to see. You just love to see it.
• 27:35
  And I, I, man, that's the stuff that makes me feel good.
• 27:38
  Though I will mention something which may not be the hottest
• 27:42
  take. Of course, the biggest news
• 27:44
  coming out of the Bitcoin conference Trump speech is the
• 27:46
  fact that he is talking about embracing Bitcoin as a strategic
• 27:50
  reserve asset. But there was a point in that
• 27:53
  speech where he also said he would not allow for a CBDC to
• 27:58
  happen in America. But then kind of in a, you know,
• 28:01
  for us bit corners that are aware of the Bitcoin dollar
• 28:04
  thesis where he kind of embraced stablecoins.
• 28:07
  So I was kind of joking to everyone at the conference at
• 28:11
  wow. You know, the biggest thing I
• 28:12
  learned from that speech was that Trump is a tether.
• 28:14
  Maxi who saw that one coming, Mark Goodwin and Whitney Webb
• 28:18
  definitely saw that one coming. So if you haven't heard the
• 28:21
  Bitcoin dollar thesis, I think we're seeing this play out in
• 28:25
  real time. So while there is some good in
• 28:28
  this, there's also some things to be, you know, to consider
• 28:32
  there there. There's some things that if you
• 28:34
  are a Bitcoin and you're reading between the lines, things to
• 28:37
  consider and be a little weary of.
• 28:38
  Of course, most Bitcoiners are skeptical of politicians in
• 28:41
  general. I think Sophie had like one of
• 28:43
  the funniest takes in regards to the speech that I heard the
• 28:46
  whole time. And he's like, I don't think
• 28:48
  Trump even read the speech. And he was like questioning his
• 28:52
  own speech writer in real time, like he was getting orange
• 28:55
  failed and questioning the speech writer the whole time and
• 28:58
  asking questions in real time to his own speech, which I thought
• 29:01
  it was hilarious. And the tweet that I put out in
• 29:04
  regards to the Trump speech, of course, I'm, I'm, I was just
• 29:07
  making jokes and lols on Twitter.
• 29:10
  But the one thing I heard Trump say was that he wants to pump
• 29:13
  our bags 4000%. So, you know, hey, if we see a
• 29:17
  cool, what is it 40X with Trump being elected?
• 29:20
  I, I think we can take that. I, I don't know what 40X would
• 29:23
  be in four years, but I think that's like $2,000,000 per
• 29:26
  Bitcoin or something like that. So hey, bullish stuff in regards
• 29:30
  to what we're hearing. Of course, as bitcoiners,
• 29:33
  sometimes we just take things and and we always flip it and be
• 29:36
  bullish in regards to anyone talking about Bitcoin.
• 29:39
  But of course, the show was not just Trump talking about
• 29:43
  Bitcoin. I think there was a very good
• 29:44
  political strategic move by directly following up the
• 29:48
  Bitcoin speech with Cynthia Lummis coming out announcing the
• 29:51
  legislation for a strategic Bitcoin reserve in the US.
• 29:55
  And I think what we have to remember is Trump is the leading
• 29:58
  political candidate for the Republican Party.
• 30:00
  So even though if you're a big corner and you watch that
• 30:05
  speech, you might have gotten the the vibe that, oh, this felt
• 30:08
  just like a normal political presidential candidate rally
• 30:12
  speech. You got to remember, he can't
• 30:15
  fully step out the Overton window.
• 30:17
  And even though he's at a Bitcoin conference and there's a
• 30:20
  lot of stuff as Bitcoiners wanted to see and hear, he's
• 30:24
  still out here rallying for the presidential candidacy.
• 30:29
  So he can't go out of the Overton window too much.
• 30:32
  But the programming at the Bitcoin mag where he announces
• 30:35
  the Bitcoin reserve strategy plan, the bill, Cynthia Lenimus
• 30:40
  follows it up directly and starts to drill throw the sauce
• 30:44
  has the legislation in hand. So you can see there is a
• 30:47
  strategic attempt at exposing the, you know, the Conservative
• 30:52
  Party to Bitcoin to the fact that, hey, there's things going
• 30:56
  on in Bitcoin. Bitcoin is a huge political
• 30:59
  movement. And now they're waking up to
• 31:01
  this. So Cynthia Lummis followed the
• 31:03
  Trump speech announcing the Bitcoin strategic reserve asset
• 31:06
  legislation. And shout out to my boy Don,
• 31:09
  because he kind of just summed it up.
• 31:11
  The Bitcoin reserve bill announced by Senator Lummis
• 31:13
  starts with 210K Bitcoin, which I think is, you know, all of the
• 31:17
  coin that the US government stole from entrepreneurs and
• 31:22
  some of it from Mount Docks and Silk Road, all that stuff.
• 31:25
  But over the next five years, the US will stack 1,000,000
• 31:28
  Bitcoin held for a minimum of 25 years to reduce the US national
• 31:33
  debt, which is would be absolutely incredible.
• 31:36
  Obviously as a Bitcoin, as an individual, I do have and and
• 31:41
  maybe this is the contrary intake, as much as I love to see
• 31:44
  nation states adopt Bitcoin, you know, El Salvador, we've seen
• 31:47
  that in the past, the US announcing that they're going to
• 31:50
  also do a Bitcoin reserve asset strategy.
• 31:54
  I'm about the individual. I love seeing individuals saving
• 31:57
  Bitcoin. But I think this just goes to
• 31:59
  show that Bitcoin has entered into the mainstream
• 32:02
  consciousness and everyone is waking up to the fact that they
• 32:05
  need Bitcoin. Bitcoin is for anyone.
• 32:07
  Bitcoin is for enemies. So we've known this was going to
• 32:09
  happen since the inception of Bitcoin.
• 32:12
  As much as we want individuals to embrace Bitcoin, we knew
• 32:15
  nation states were going to also try to adopt Bitcoin.
• 32:17
  We knew banks were eventually going to adopt Bitcoin.
• 32:19
  We knew organizations and businesses are going to adopt
• 32:22
  Bitcoin. So as much as I think, I think
• 32:24
  this is a big moment in Bitcoin history, I got, I wouldn't be
• 32:29
  doing my job if I didn't mention the fact that I get most excited
• 32:33
  about individuals embracing Bitcoin.
• 32:35
  And that's what this is really about, bringing individual
• 32:37
  sovereignty back to the grassroots, back to you and I
• 32:42
  and the layman out there that really need Bitcoin.
• 32:44
  But we all have a similar problem.
• 32:47
  We all have broken money. But again, for you guys out
• 32:50
  there that are like, oh, I don't care about Trump.
• 32:52
  Trump is divisive. You know, he's XYZ.
• 32:56
  It wasn't just Trump talking about Bitcoin.
• 32:58
  And I think this is one of the biggest signals coming out of
• 33:01
  the Bitcoin conference. Of course, we have RFK Junior
• 33:04
  that really upped the bar with his speech.
• 33:07
  You can tell that RFK Junior had a year to study Bitcoin.
• 33:11
  You can tell that he's farther along down the rabbit hole than
• 33:15
  Trump is. Trump is still kind of new to
• 33:17
  the Bitcoin space. He's realizing, oh, wait,
• 33:19
  there's a whole untapped market out here.
• 33:21
  RFK speech, if you haven't seen it, he sounded like a bitcoiner.
• 33:24
  There was a lot of stuff that he was saying that Trump could
• 33:27
  never say. Obviously, because Trump is
• 33:29
  still in the Overton window, RFK Junior, his polling numbers
• 33:33
  aren't as high as Trump, so he can say a lot more stuff that no
• 33:37
  other politician could say. Of course, RFK Junior said he
• 33:41
  would sign an executive order for the US to buy 550 Bitcoin a
• 33:45
  day until they build a reserve a four million Bitcoin if he's
• 33:49
  elected president. You know, RFK Junior was saying
• 33:51
  a lot of things that us bitcoiners love, Of course, fix
• 33:54
  the money, fix the world. You can tell that he really has
• 33:57
  has put in the work to understand Bitcoin.
• 34:00
  And you know, RFK Junior is running as an independent.
• 34:03
  But it wasn't just RFK Junior. There was a really good moment
• 34:07
  of Donald Trump junior on the news desk and he was a little
• 34:10
  more open about the fact that he's still new to the Bitcoin
• 34:13
  space. And one of the main themes that
• 34:15
  I noticed was there was a lot of political views on Bitcoin.
• 34:20
  You know the Daily Wire had a boot there and I remember
• 34:23
  talking with. I'm blanking on his name, but
• 34:26
  one of the. Michael Knowles.
• 34:27
  Michael Knowles. Exactly.
• 34:28
  Speaking with Michael Knowles. And he was just wholly impressed
• 34:32
  by the overlap between what the Daily Wire viewers were and the
• 34:36
  Bitcoin viewers. And he's like, man, I didn't
• 34:38
  realize so many people knew who I was.
• 34:41
  And it was like me and Mike Germano talking like, yes, like
• 34:44
  these. This is the overlap.
• 34:46
  This is a huge freedom movement. We care about our country, who
• 34:51
  care about the future of humanity, and Bitcoin is the
• 34:55
  solution. It is simply Bitcoin.
• 34:57
  We obviously think there is no political solution to the
• 35:01
  political problems. It's about the money.
• 35:03
  It's about fixing the money, fixing the world.
• 35:05
  But even Donald Trump junior was there.
• 35:07
  And when he was talking, he's like, man, but you know, I, I
• 35:10
  love this movement. I, I love what you guys are
• 35:12
  doing though. You know, we can, we can kind of
• 35:15
  give him, give him some feedback and some slack for the fact that
• 35:18
  I, I'm pretty sure he was pumping a shit coin.
• 35:20
  So he's going through the rounds.
• 35:21
  He's starting to learn, but he said, you know, Bitcoin is a
• 35:24
  hedge against inflation and tyrannical governments.
• 35:27
  He acknowledged that he was new to the space.
• 35:29
  He's still learning that they are actively involved and, and,
• 35:34
  and wanting to learn about Bitcoin.
• 35:36
  They're curious about the Bitcoin movement.
• 35:37
  So again, we have Trump, the Trump administration, we have
• 35:41
  RFK Junior, we had Vivek Ramaswami basically saying what
• 35:44
  we say all the time, that Bitcoin should be a political
• 35:47
  it, it should be neutral and bipartisan.
• 35:50
  It's the Biden administration that had made it partisan, that
• 35:53
  had made it political. And we're all waking up to the
• 35:56
  fact that, hey, you need Bitcoin if you want to thrive going into
• 36:01
  this next decade, you need to hold some Bitcoin.
• 36:04
  And as a country, the US needs to hold some Bitcoin, or rather,
• 36:08
  as I would say, I was really more on the lines of I would
• 36:11
  love to have heard Trump just say, hey, we're going to get out
• 36:14
  of your way, you know, eliminate the taxes on Bitcoin, minimize
• 36:20
  regulation. And you kind of heard that with
• 36:22
  him saying firing Gary Gensler, which was incredible.
• 36:25
  Of course, we also got US Congressman Ro Khanna, which is
• 36:28
  a Democrat, saying that the US needs to be leaders in Bitcoin,
• 36:32
  that let America lead and embrace Bitcoin instead of
• 36:35
  fighting Bitcoin, which of course this is, this is a
• 36:38
  bipartisan. That's an issue We're seeing
• 36:40
  people from both sides of the aisle realize that hey, not only
• 36:43
  is there a voting bloc here that they that's untapped, but the
• 36:48
  policies around Bitcoin from both sides of the aisle need to
• 36:52
  embrace Bitcoin or else they're going to have fun staying poor
• 36:56
  as we always say as Bitcoiners or another incredible story that
• 36:59
  we saw. You know, we've been talking
• 37:01
  smack about Elizabeth Warren on the show.
• 37:02
  She's been leading the anti crypto army for years now.
• 37:07
  The Massachusetts Senate candidate John Deaton, who's
• 37:09
  running against Elizabeth Warren announced 82% of his entire net
• 37:13
  worth is in Bitcoin. I'm reminded of RFK Junior
• 37:17
  talking about when he got a settlement for Mansato, he went
• 37:19
  all in on Bitcoin. So you're seeing that the
• 37:22
  Bitcoin movement is getting to the the highest positions of
• 37:25
  power because they are embracing Bitcoin, they're stacking
• 37:28
  Bitcoin, they're holding Bitcoin yes, there's still a lot of work
• 37:31
  to do in regards to education, to explaining to them, you know,
• 37:34
  what's the best way to embrace Bitcoin, how to hold Bitcoin,
• 37:37
  make sure they have their Bitcoin off of exchanges.
• 37:41
  There's still a lot of work to do, but we are entering into a
• 37:44
  new era where Bitcoin is becoming political.
• 37:47
  Whether we like it or not, Bitcoin is becoming political
• 37:49
  and they realize there's an untapped market here as
• 37:52
  Bitcoiners. And they have to, you know, come
• 37:55
  to us. They're going to have to ask us.
• 37:57
  As I've been saying and repeating for the last couple of
• 37:59
  weeks, as Max Keiser said, he who has the Bitcoin makes the
• 38:02
  rules. It's always about the money.
• 38:04
  It will always be about the money, and we have the best
• 38:06
  money in the world. So again, I started as an
• 38:10
  apolitical person when I got into Bitcoin, but now I'm
• 38:12
  realizing that, hey, if politics is on our front door, I think
• 38:16
  it's extremely important for Bitcoiners to get involved some
• 38:20
  way. Not necessarily need to go to
• 38:21
  the federal level, but on the local level.
• 38:24
  I think it's important that Bitcoiners from both sides of
• 38:26
  the aisle get involved with politics in some way, whether
• 38:29
  it's just talking to influential people, whether it's actually
• 38:32
  getting involved. Us young Bitcoiners, you know,
• 38:35
  millennials and zoomers, we have a lot of time to influence the
• 38:39
  world and show that Bitcoin is the best way to save your money,
• 38:43
  that Bitcoin will fix the world. And if you're fighting Bitcoin,
• 38:46
  you're going to get wrecked. And on that note, we did have
• 38:50
  this very interesting story come out July 27th, which was the
• 38:54
  Democrats wrote to the DNC asking to shift away from the
• 38:58
  anti Bitcoin stance, responding to Trump speaking at the Bitcoin
• 39:02
  conference. We heard that there was going to
• 39:04
  be rumors of Kamala Harris going to the conference.
• 39:07
  She pulled out last minute and we talked about that on Friday.
• 39:10
  But you're seeing that people are in, in the Democratic Party
• 39:13
  moving away from Elizabeth Warren's anti crypto stance.
• 39:16
  They're they're trying to separate themselves from the
• 39:19
  Biden administration fighting Bitcoin.
• 39:22
  As we say all the time, you know, you're either pro Bitcoin
• 39:25
  or you're pro CBDC's. And it's becoming very clear
• 39:28
  that if you're fighting Bitcoin, you're CBDC maxi.
• 39:32
  And even though there was some stuff in that conversation, in
• 39:35
  that speech by Trump where he was embracing the dollar, you
• 39:38
  know, talking about stable coins will proliferate U.S. dollar
• 39:42
  dominance to South America, the third world countries.
• 39:46
  You're starting to see that no matter what, the Bitcoin signal
• 39:49
  is starting to spread into the highest positions of power and,
• 39:53
  and as a bitcoiner, you just love to see it.
• 39:55
  I had a conversation with Nolan at the after party and he
• 39:58
  literally came like off the remember, I've been telling you
• 40:01
  this. I, I, I was telling you this on
• 40:03
  the break up every single day that we are winning and it just
• 40:06
  feels so good that we're winning.
• 40:08
  And now they're embracing us. So as much as I feel we need to
• 40:11
  keep our head on a swivel. You're starting to see that the
• 40:14
  Bitcoin signal is going mainstream.
• 40:16
  Yes, we are still early. Yes, this is the first innings.
• 40:19
  Yes, this was a historical moment in Nashville due to the
• 40:22
  Bitcoin Magazine Conference, but you're seeing that they are
• 40:26
  starting to, even if it's just a little bit, understand that
• 40:30
  embracing Bitcoin is good for any country, and now they have
• 40:34
  to do it. So as much as a Bitcoiner, we're
• 40:38
  kind of like, OK, politicians are here, who cares?
• 40:41
  Dive? I really don't care about
• 40:42
  politics. I'm a Bitcoiner.
• 40:45
  You know, politicians are going to lie.
• 40:46
  They're going to say whatever they have to to get votes.
• 40:50
  Now we have been legitimized in the last year, we had Larry Fink
• 40:54
  embrace Bitcoin with the ETFs. You know, we have Bitcoin as a
• 40:59
  presidential talking point. And now it's going to continue
• 41:05
  to increase. Like we say all the time,
• 41:07
  whether you like politics or not, whether you're interested
• 41:09
  in politics or not, politics is very much interested in you.
• 41:13
  And if that is the case, I think it's more important than ever as
• 41:16
  Bitcoiners that we get involved somewhere, that you out there
• 41:20
  make your voice heard. Of course, you can say voting is
• 41:25
  iffy. You you can talk about voting in
• 41:27
  regards to it being fake, but we believe the best vote is with
• 41:32
  your pocketbook. And I know a lot of us
• 41:34
  Bitcoiners in America don't want to leave our country, though we
• 41:37
  have the option now with Bitcoin.
• 41:39
  And this is all about optionality.
• 41:41
  This is a freedom movement and we should have the option to
• 41:45
  save in something that isn't designed to steal from us, which
• 41:48
  is of course Bitcoin. So as much as maybe politicians,
• 41:53
  this is just, you know, this is this is just fluff.
• 41:56
  They're just saying what needs to be said.
• 41:58
  Now we are seeing that the Overton window is shifting and
• 42:01
  the Bitcoin conversation is legitimized.
• 42:04
  It is becoming a very important movement.
• 42:08
  I think, I think we just hit the mainstage with this conversation
• 42:11
  in Nashville. And I'm going to cover that in
• 42:12
  the culture, some of the the corporate press response to
• 42:14
  Bitcoin. But we're here now and we are a
• 42:17
  legitimate movement. No longer are we just Internet
• 42:20
  nerd money. No longer is it just fake money
• 42:22
  on the Internet, it is a real money, it is a real thing and we
• 42:27
  have the highest positions of power starting to embrace
• 42:29
  Bitcoin anyways. Chris, what's your take away
• 42:33
  from all the political rhetoric we heard at the Bitcoin
• 42:36
  conference in regards to Bitcoin?
• 42:38
  What's your thoughts on the Trump announcement of Bitcoin as
• 42:42
  a strategic reserve asset? Maybe what what?
• 42:45
  What's some good points out of the speech that you enjoyed the
• 42:48
  most? Yeah, so I got a lot there.
• 42:50
  So I a lot of good comments to them seeing them roll in.
• 42:53
  So, you know, a lot of people are saying that RFK was is
• 42:57
  potentially gonna drop out of the race before come election
• 43:00
  time. It's just a lot of money to run
• 43:01
  a campaign. And a lot of people take took
• 43:05
  note of this meeting that RFK actually took a visit to Mar
• 43:07
  Lago about a month ago, I believe so.
• 43:11
  And then right after that, RFK was saying more left-leaning
• 43:13
  things and posturing more for a way to kind of like seem like he
• 43:16
  was stealing votes from the Biden administration or the
• 43:19
  Harris administration now. But the thing that was
• 43:21
  interesting during this, during Bitcoin 2024, RFK definitely had
• 43:25
  a lot of points that aligned more with Bitcoiners.
• 43:27
  Shouts out to my boy Q. He's been saying this for years.
• 43:30
  Don't trust what politicians say, trust what politicians do.
• 43:33
  So, you know, holding politicians to account for the
• 43:35
  things they say. You know, there was a meme that
• 43:38
  I saw that someone had a scroll with a laundry list of things
• 43:41
  that politicians promise on day one.
• 43:43
  And how many of those actually things get enacted.
• 43:46
  So, you know, a lot of people believe that RFK is going to
• 43:49
  drop out of the race and, you know, just kind of put his
• 43:51
  weight behind Trump and then he would either be head of the EPA
• 43:54
  or like environmental secretary of the United States government
• 43:57
  or whatever if Trump wins. The one thing I was bummed
• 44:00
  about, and this is kind of, I'm not taking a shot of the Bitcoin
• 44:02
  community. I love everyone, the community.
• 44:04
  The thing that kind of bummed me out is everyone cheered Ladder
• 44:06
  for firing Gary Gensler versus freeing our Boy Ross.
• 44:10
  You know, you can hate Gary Gensler, but I thought that like
• 44:13
  the crowd was going to erupt and there was there was a loud clap
• 44:16
  and cheer for free Ross. But it just seemed like there
• 44:18
  was more people excited about firing Gary Gensler than getting
• 44:21
  Ross, who's in my opinion was being in like unfairly
• 44:25
  prosecuted and basically been in jail for over 10 years now.
• 44:29
  So I really hope, you know, that whoever wins, they free Ross,
• 44:33
  whether it's, you know, Harris, RFK or Trump, you know, I really
• 44:36
  think he should be get off on time served.
• 44:38
  Another thing was that, you know, the the stockpiling of
• 44:41
  strategic reserves. Someone made a point, I think it
• 44:43
  was lightning goats in there that the 200,000 Bitcoin that
• 44:46
  they have, a lot of it is kind of stolen from either Bitfinex
• 44:49
  or Silk Road. You know, I know Odell has this,
• 44:52
  this dream that, you know, any confiscated Bitcoin they would
• 44:55
  use to a burn address instead of holding themselves and basically
• 44:58
  getting to get the profits. Because then it get makes this
• 45:01
  perverse incentive where it's incentivizing the state to steal
• 45:05
  your Bitcoin and then just put it on their balance sheet.
• 45:07
  It's a way to get free and and cheap Bitcoin, which I don't
• 45:10
  think, you know, if you this perverse incentive is aligned,
• 45:14
  you know, show the incentives. I'll show you the outcome.
• 45:16
  If the if the government can do this, they definitely will,
• 45:18
  meaning that they will prosecute Bitcoin or Bitcoin companies and
• 45:22
  like the the upside of it is, hey, we get to confiscate this
• 45:25
  Bitcoin and hold it ourselves. So that's not something that we
• 45:28
  want to get into the zeitgeist of politicians or something that
• 45:31
  they look forward to doing or try to strive to do.
• 45:35
  Shouts out to Oh my God, Mark Goodwin and Whitney Webb.
• 45:39
  You know, they hit the nail on the head.
• 45:41
  Stable coins, you know, all these politicians are pandering.
• 45:43
  They don't want a CBDC at the federal level.
• 45:45
  You know, they said the Federal Reserve's not going to create
• 45:47
  one. But at the end of the day,
• 45:48
  stable coins are just as good, if not better made by the
• 45:51
  private sector for a way to be used as CBDC.
• 45:54
  So, you know, with that said, obviously, you know, use
• 45:57
  Bitcoin, use it privately, buy Bitcoin non KYC coin, join using
• 46:02
  join market. You know, that's kind of the
• 46:04
  only option right now. But you know, stable table coins
• 46:08
  can be used to surveil and do a probably a better job than what
• 46:11
  the ever the federal government can do.
• 46:13
  So, you know, there's a lot of things with USDC or Circle or
• 46:16
  Tether. Basically, you know, Tether made
• 46:18
  the announcement of freezing 250 million of assets as well as
• 46:21
  welcoming the FBI onto their platform.
• 46:24
  So, you know, you know, buyer beware.
• 46:25
  I know many people need the dollar or it's better than their
• 46:28
  currency, especially those in South America.
• 46:30
  They want to get out of their hyperinflating currencies and
• 46:33
  into the dollars. Like kind of the best, what is
• 46:35
  it? Greg Foss's line, It's the best
• 46:37
  crack house on the street. You know, be wary.
• 46:39
  Buy Bitcoin instead of using stablecoins.
• 46:41
  That's my opinion. I know there's volatility that
• 46:43
  comes with it where a stablecoin, you're obviously
• 46:45
  getting a peg to the US dollar in theory, but you know, if
• 46:48
  you're not using your own bank account, you're using someone
• 46:50
  else's bank account. And just like with any bank
• 46:53
  account, they can freeze it if they see fit.
• 46:55
  Opti I also talked to Michael Knowles and, you know, he was in
• 46:58
  between sets. I was like, hey, Michael, how's
• 46:59
  it going? You know, I've seen your stuff,
• 47:01
  you know, and, and one of the lines I first said was like,
• 47:04
  make sure you're in Bitcoin and not not anything else.
• 47:06
  And he was saying he was in this other, you know, this, this,
• 47:09
  this meme coin making fun of liberals.
• 47:11
  And it went, he put 1000 bucks in and went to 0 immediately.
• 47:14
  And then he bought like Shibu Inu because someone, he's one of
• 47:17
  his buddies, like this is going up.
• 47:18
  And it like tanked on him. He's like, yeah, like I kind of
• 47:21
  get it now that I lost a bunch of money, you know, not like
• 47:23
  life changing money, but lost a bunch of money that I didn't
• 47:25
  want to lose. He's like, I kind of get it
• 47:27
  going to Bitcoin, Bitcoin only. So I was like, and you know, I
• 47:30
  was like, no, no, I'm serious. Like, I'm not messing around.
• 47:32
  He's like, no, no, I get it. And then he had to his producer
• 47:34
  was like, hey, we got to wrap up.
• 47:35
  I'm like, it was nice meeting you.
• 47:36
  I shook his hand and it was like, if you have any issues,
• 47:38
  definitely feel free to reach out.
• 47:40
  And, you know, I don't think anything will come of it, but
• 47:41
  like, at least in setting his mind or trying to orange peel
• 47:44
  him Bitcoin and Bitcoin only, I think that's a way to help him.
• 47:48
  Yeah. I think I had a lot of points
• 47:49
  there. I guess the last thing was I
• 47:51
  felt like Trump's speech fell kind of flat.
• 47:53
  It was just a long day. It was an hour delay for getting
• 47:56
  him in there. You know, obviously, the Secret
• 47:59
  Service was doing a really good job of locking down the area,
• 48:01
  protecting him, obviously, in light of everything that
• 48:03
  happened, you know, two weeks prior.
• 48:05
  But but Nico kind of gave me more of a white pill and he's
• 48:08
  like, we kind of got everything we want.
• 48:10
  Talking about strategic reserve, talking about freeing Ross,
• 48:12
  talking about, you know, getting rid of Gary Gensler.
• 48:15
  Whether you love him or hate him, you know, he's kind of been
• 48:17
  hostile to the injury industry or not like protecting the
• 48:20
  industry as some people see. And then also just kind of
• 48:23
  understanding the importance of this voting bloc.
• 48:26
  I think the biggest thing that I was hammering home for 2023,
• 48:29
  obviously we had Vivek, we had RFK and we had Tulsi Gabbard.
• 48:31
  You know, those are not to call them smaller politicians.
• 48:34
  They're definitely in the the mainstream media and people know
• 48:37
  of them. But having Trump, a former
• 48:39
  president, attend a Bitcoin conference, let me let me say
• 48:42
  that again. A former U.S.
• 48:43
  President, there's only what like 6 remaining alive US
• 48:46
  presidents right now only been 45 in America's history.
• 48:49
  This is a big fucking deal. Potentially the future president
• 48:53
  of the United States as well-being President 47.
• 48:55
  So, you know, like I said, you don't have to sin for
• 48:58
  politicians, but politicians are something for us and that's this
• 49:01
  is what winning looks like. Obviously be leery.
• 49:03
  You know, you be leery of a fox in the hen house.
• 49:06
  You know, always want to keep our guard up and we don't want
• 49:08
  to welcome them in with open arms.
• 49:10
  But you know what we always say Bitcoin is the money for enemies
• 49:14
  and politicians, whether you love them or hate them or you
• 49:16
  see them as an enemy, they can use Bitcoin too.
• 49:19
  So I think this is very powerful.
• 49:21
  And you know, everyone in their mother has heard of, you know,
• 49:24
  Trump or you know, many people around the world, even more than
• 49:27
  RFK, Tulsi Gabbert and Vivek Dom and I or Dom Bay and I were
• 49:31
  joking. How do we how does the Bitcoin
• 49:33
  magazine in the conference scene top in 2025?
• 49:35
  I think the only way we go bigger and better is if Elon
• 49:37
  Musk introduces the Pope and the Pope, like, you know, blesses us
• 49:41
  in Sin City as Opti and I get ready to go out on a drunken
• 49:44
  vendor that weekend and basically says, you know, the
• 49:47
  the way to save your sins is to buy Bitcoin in order to get to
• 49:50
  heaven. You know, start your $10 DC now,
• 49:52
  you know, just just skim a little bit off of your donations
• 49:55
  to church it each week into Bitcoin instead.
• 49:58
  All joking aside, but yeah, I'll end with three loss.
• 50:03
  I'll I'll I'll end with with one last thing.
• 50:05
  So free Ross. I really hope that that comes to
• 50:08
  fruition in the near future. And then I want to repeat one
• 50:10
  something that Matt Odell, my good buddy Matt Odell said.
• 50:13
  You know, unfortunately right now, aside from Ross being
• 50:16
  improperly prisoned, the Samurai guys, I won't dox them, but the
• 50:20
  two Samurai developers are currently facing jail time and a
• 50:24
  trial of their lives, you know. So I hope if Trump gets in, you
• 50:28
  know, he makes true on his promise to be more lenient on
• 50:30
  the industry, but also to free them and pardon them for
• 50:33
  basically being improperly prosecuted for basically making
• 50:36
  free and open source software and get rid of all this BS of
• 50:40
  businesses requiring money services.
• 50:42
  You know, you know, money services business for creating
• 50:44
  free and open software. So I'll end on that.
• 50:46
  Free Samurai, Free Ross. That's where at.
• 50:51
  Love it. Love it.
• 50:52
  Actually, one thing that I was reminded that Trump said at the
• 50:55
  conference, which I also kind of thought would have gotten more
• 50:59
  applause, was he also kind of doubled down on the idea.
• 51:03
  And of course, as bitcoiners like, oh, I don't need a
• 51:05
  politician to to secure this, but he also doubled down on the
• 51:10
  the idea of allowing us to use self custody of of protecting
• 51:15
  self custody in the US. And of course, as Bitcoiners
• 51:17
  were like, thanks bro, but like, you can't allow me to do
• 51:21
  something that you can't stop me to do.
• 51:24
  Excuse me. But I thought that was very
• 51:25
  interesting that there was a lot of things said in that speech,
• 51:28
  though there was a lot of fluff. I would also argue it did kind
• 51:32
  of remind me of the RNC speech that we saw, you know, a couple
• 51:35
  weeks prior. But again, you got to remember
• 51:38
  it. Like Nico was saying, you know,
• 51:39
  he said a lot of the things that us Bitcoiners should have loved
• 51:42
  and he was obviously pandering to Bitcoiners.
• 51:45
  But the fact that he came to a Bitcoin conference to speak to
• 51:48
  us, of course, he still campaigning.
• 51:51
  So he can't really go outside the Overton window too much.
• 51:54
  But you know, following that up with Cynthia Lummis, just
• 51:57
  quickly announcing the Bitcoin reserve strategic reserve asset
• 52:00
  bill and doubling down on this idea.
• 52:03
  You're seeing that there is a huge, huge curiosity and
• 52:08
  interest from the Republican Party to embrace Bitcoin.
• 52:11
  And the very interesting thing is that as this is happening,
• 52:14
  you're seeing a lot of Democrats also start to kind of push away
• 52:18
  from being anti Bitcoin. So again, as much as you may not
• 52:22
  like Trump as much as you may think, politics have no meaning,
• 52:26
  that it's all fake, it's all rigged.
• 52:28
  It's a, you know, bread and circuses.
• 52:30
  You're starting to see that both sides of the aisle are waking up
• 52:33
  to the fact that, hey, you can't fight Bitcoin and expect to be
• 52:37
  in positions of power anymore. Bitcoin as a movement, as an
• 52:41
  industry is become one of the most legitimate things out
• 52:46
  there. Like we we're here and I think
• 52:49
  this historic event in Nashville just proves to the world and
• 52:52
  maybe even prove to some bitcoiners themselves that we
• 52:54
  are a legitimate movement here. This is a legitimate industry
• 52:58
  and if you fight the Bitcoin industry, we will push back and
• 53:03
  it's going to become bigger. And I know a lot of Bitcoiners
• 53:06
  like, oh, I'm tuning out because of politics.
• 53:07
  Well, sorry guys, like it's only going to get more political as
• 53:11
  we move forward because of the power that Bitcoin gives back to
• 53:15
  the individual. So this is where we are in the
• 53:18
  story guys. Obviously we'll continue to
• 53:20
  cover this and hopefully this isn't just fluff talk.
• 53:24
  Hopefully this isn't just him saying what we want to hear and
• 53:28
  that these things actually get implemented if he gets elected.
• 53:31
  And I think really the response is now either side of the aisle
• 53:35
  is going to have to have a pro Bitcoin take.
• 53:37
  So take all of the bad with the good that now Bitcoin is on the
• 53:42
  mainstage. It's part part of the part of
• 53:44
  the conversation now. And this is where we are, guys.
• 53:48
  So this is what winning looks like, as Chris was saying.
• 53:50
  On that note, guys, let's get into the culture because I am
• 53:53
  going to cover the response to Trump being at the Bitcoin
• 53:57
  conference, the daily culture. All right, guys, of course, of
• 54:09
  course, of course, make sure you are stacking friends who stacks
• 54:12
  apps go to orangepillapp.com, sign up, make sure you are
• 54:16
  connecting with big corners at a good chalk with Mateo at the
• 54:19
  conference. And you know, he's he's game
• 54:22
  planning and talking about the future.
• 54:25
  And he was mentioning like, guys, if you're on the Orange
• 54:28
  Pill app, talk to your friends, make sure you are actually
• 54:32
  connecting. The whole goal of the Orange
• 54:34
  Pill app is to connect with other Bitcoiners.
• 54:37
  I also saw a few people coming up to us like, man, you know, I
• 54:40
  got on the orange Pill app and there's like 3 bit corners in my
• 54:42
  space. Like there's no bit corners
• 54:44
  anywhere. And you can tell that there's a
• 54:46
  theme from all of the bit corners that aren't fully in the
• 54:50
  industry that, that aren't like us, that is Bitcoin 24/7.
• 54:54
  They're like, man, it feels so good interacting with people
• 54:57
  that just get it. And that's the point of the
• 54:59
  Orange Pill app. Stack friends who stack SAT as
• 55:01
  we're seeing Bitcoin as a movement is unstoppable.
• 55:05
  It's getting into the mainstage. And as a Bitcoin, I I don't like
• 55:10
  using the word community, but as a Bitcoin community, it's super
• 55:13
  important that you get involved with other bitcoiners that
• 55:15
  you're building these relationships in real time.
• 55:17
  You're taking them off the Internet.
• 55:19
  Again, stack friends who stack SAT.
• 55:22
  OK guys, as I was mentioning, we're going to cover some here.
• 55:27
  Let me let me full screen myself for a second.
• 55:29
  As I was mentioning and I was talking about this last week,
• 55:33
  one of the big things that I was looking forward to or rather was
• 55:37
  kind of watching is the response that we're going to see from the
• 55:41
  corporate press in regards to Trump being at the Bitcoin
• 55:43
  conference. And we got some good headlines.
• 55:47
  Some of them are positive, some of them are negative, but you're
• 55:50
  seeing that as Trump is a divisive figure, a polarizing
• 55:54
  figure, as the corporate press would, would, would name him,
• 55:58
  would, would illustrate it. Now it is forcing that Bitcoin
• 56:02
  conversation and the corporate press has to talk about Bitcoin.
• 56:05
  Other politicians are going to have to talk about Bitcoin like
• 56:08
  we just mentioned. You know, the Democratic Party,
• 56:10
  well, a lot of the people in the Democratic Party are starting to
• 56:14
  pull away from Elizabeth Warren's anti crypto stance.
• 56:17
  They're starting to realize that they need to embrace Bitcoin if
• 56:20
  they want to maintain their positions of power.
• 56:23
  And this is what Bitcoin's all about.
• 56:24
  It's about taking power back to the people, keeping politicians
• 56:28
  honest, keeping the system honest, and hopefully as we move
• 56:34
  longer in time, eliminating the corruption that we are currently
• 56:38
  living throughout, you know, the the world right now.
• 56:42
  This isn't just an American issue, but of course, this is an
• 56:45
  American centric show. And hey, like American politics
• 56:50
  is, is what everyone pays attention to, whether you're in
• 56:53
  America or not. And so this is an election
• 56:56
  season for us in America. And I think as we move closer to
• 56:59
  the election season, this Bitcoin conversation is going to
• 57:02
  going to increase gradually. Then suddenly more people, we're
• 57:06
  going to either come out for Bitcoin or we're probably going
• 57:10
  to see a lot of people come out against Bitcoin.
• 57:12
  And we say it all the time. Bitcoin has a way of showing
• 57:15
  people's incentives, showing their true incentives.
• 57:18
  And this is the beauty of Bitcoin.
• 57:20
  This is what winning looks like. This is how we win is by
• 57:24
  everyone and their mother having to talk about Bitcoin.
• 57:27
  All right, so let's look at some of these headlines.
• 57:29
  I pulled them up for you. I'm over here on apapnews.com
• 57:34
  and we have their headline. Trump calls for US to be the
• 57:37
  crypto capital of the planet in appeal to Nashville Bitcoin
• 57:41
  conference or I'm over here on Reuters.
• 57:44
  Trump cites China competition and vowing to create Bitcoin
• 57:48
  stockpile. The stockpile meme is actually
• 57:50
  kind of good. That's actually a good meme.
• 57:52
  Oh, actually, man, I'll bring that up afterwards.
• 57:56
  That was an interesting part of the arcade junior speech that I
• 57:58
  was just reminded of. But but let's go to more of
• 58:00
  these highlines. NBC News Trump hails crypto at
• 58:03
  largest Bitcoin conference The GOP presidential candidate
• 58:06
  promised to make America the world leader in cryptocurrency
• 58:10
  technology. Or uh oh, I had the New York
• 58:14
  Times article here. Hold on.
• 58:15
  Let me let me see if I could do this in real time for you Get
• 58:18
  this on archive because this is a good one.
• 58:23
  See, sorry guys, I don't I don't have a New York Times
• 58:27
  subscription, but you can see here.
• 58:29
  Trump appealing to Bitcoin fans vows US will be crypto capital
• 58:33
  of the planet. Donald Trump speaking at a
• 58:35
  Bitcoin conference, told cryptocurrency holders that he
• 58:38
  would end the persecution of their industry.
• 58:41
  We have Forbes just absolutely killing it.
• 58:43
  Shouts out to all of the bitcoiners that are working with
• 58:45
  Forbes. Absolute game changer.
• 58:48
  Congress introduces radical Bitcoin bill as Trump prime's
• 58:51
  price for $100 trillion surge to replace gold We have the
• 58:56
  Washington Post Crypto fanatics flock to trump hoping to make
• 58:59
  Bitcoin great again. Once a crypto skeptic, Trump
• 59:03
  spoke Saturday to Bitcoin supporters who's backing and
• 59:06
  campaign checks he has come to covet or this one which might be
• 59:11
  the best one The Wall Street Journal.
• 59:13
  Trump adds crypto to his America First agenda.
• 59:16
  The Republican presidential candidate pledges to create a
• 59:19
  national Bitcoin stockpile and form a council to set regulatory
• 59:23
  policy. Now another interesting part
• 59:26
  about the stream on Saturday is of course, it was being streamed
• 59:31
  to Bitcoin magazine, but it was also streamed to the Fox News
• 59:36
  YouTube channel. And at the time when I was
• 59:39
  watching it, I, I popped over to the Fox News stream, there was
• 59:42
  about 50,000 people watching Trump speak at the Bitcoin
• 59:46
  conference. Of course, 230,000 views.
• 59:48
  It's, it's pretty decent in regards to what's going on, on,
• 59:53
  you know, the, the national political landscape, they got a
• 59:56
  lot of numbers. So it's going to show that, yes,
• 59:59
  you know, Trump may have not have said what we all hoped and
• 1:00:02
  dreamed he would have said at the Bitcoin conference, but it
• 1:00:06
  is putting a spotlight on the Bitcoin move.
• 1:00:09
  And in general, like we said earlier, the fact that Trump
• 1:00:12
  even felt the need to go to a Bitcoin conference, I think
• 1:00:14
  speaks volumes. But my favorite post that I saw
• 1:00:18
  come out of this was from Zero Hedge.
• 1:00:20
  So Zero Hedge is a screenshot. And we got, you know, Rizzo and
• 1:00:25
  Odell here, a little little screenshot of the Bitcoin
• 1:00:28
  conference, Nashville day two with 56,000 people watching
• 1:00:33
  live. And they're just comparing that,
• 1:00:35
  you know, live comparison of the same stream or two different
• 1:00:39
  streams at the same time. And we got Vice President Harris
• 1:00:42
  delivers a keynote speech as Zeta Phi Beta sorority.
• 1:00:46
  And it's on the White House official web or YouTube channel
• 1:00:49
  with 822 people watching. Just absolutely incredible.
• 1:00:54
  Literally breaking the Overton window here.
• 1:00:58
  Oh, oh, wait, hold on. Chris said I missed the best
• 1:01:01
  one. Yes.
• 1:01:02
  Here we go. Here we go.
• 1:01:03
  This one is the best one. This one is the best one.
• 1:01:05
  All right, CNBC. Wait, where'd it go?
• 1:01:08
  Where'd it go? Trump proposes strategic
• 1:01:10
  national crypto stockpile and quote never sell your Bitcoin.
• 1:01:15
  So as much as bitcoiners may believe that, you know, Trump
• 1:01:19
  speechwriter may have dropped the ball.
• 1:01:21
  They wanted him to go farther down the rabbit hole.
• 1:01:24
  They wanted him to really explode the Overton window.
• 1:01:27
  You're seeing that these headlines are on all of the main
• 1:01:32
  corporate press sites. Everyone and their mother has to
• 1:01:35
  have a Bitcoin stance now. So love them or hate them,
• 1:01:39
  Bitcoin has. Or sorry, Trump has thrusted
• 1:01:42
  Bitcoin into the mainstream consciousness.
• 1:01:45
  But as we say here at Simply Bitcoin and all of our
• 1:01:48
  Bitcoiners, Bitcoiner friends say, it's not that Bitcoin needs
• 1:01:51
  Trump, it's that Trump needs Bitcoin.
• 1:01:54
  It's not that Bitcoin needs politicians, it's that
• 1:01:56
  politicians need Bitcoin. Bitcoin as a movement, as a
• 1:02:00
  freedom movement, as a, a financial success movement, as
• 1:02:05
  something that you need to hold so that you can thrive in the
• 1:02:08
  21st century. It's becoming the movement.
• 1:02:12
  And we're in the early days. And again, shouts out to the
• 1:02:15
  Bitcoin magazine team for making the thing happen, for getting
• 1:02:19
  all these people together. And I know I see a few people in
• 1:02:21
  the in the in the chat going like, you know, politicians are
• 1:02:24
  speaking at the Bitcoin mag conference.
• 1:02:26
  I'm never going to go again. Sorry, bro.
• 1:02:28
  Like it's only going to increase from here.
• 1:02:31
  Love it or hate it, politics does affect our lives.
• 1:02:35
  And as I keep saying, and I and I keep kind of wrapping my mind
• 1:02:38
  around it, it's it's becoming clearer and clearer to me that
• 1:02:41
  as Bitcoiners, it's very important that we get involved.
• 1:02:44
  Doesn't mean that you need to run to be president.
• 1:02:47
  It just means you need to get involved on the grassroots
• 1:02:49
  level. Bitcoin as a political movement
• 1:02:52
  because it is a political money is going to change the world and
• 1:02:56
  politics is on our front doorstep.
• 1:02:58
  And as much as you might not like these politicians as much
• 1:03:03
  as you might think that these speeches fell short, I think
• 1:03:06
  it's very important that we get our message heard, that we
• 1:03:09
  inform the script writers out there so that they know what's
• 1:03:12
  happening. And again, you know, just just
• 1:03:16
  just rehashing what Sophie said, which I thought was the funniest
• 1:03:18
  thing. She's like Trump literally
• 1:03:20
  reading the speech for the first time is questioning his own
• 1:03:24
  scriptwriter in real time. And like, wait, really?
• 1:03:26
  Like Bitcoins going to do this? Like, no way.
• 1:03:29
  So you can just see that the, the Bitcoin conversation is
• 1:03:32
  going mainstream. Yes, Bitcoins been around for 15
• 1:03:34
  years. Yes, Bitcoin is at what, what's
• 1:03:37
  a market cap $1.3 trillion right now.
• 1:03:41
  And yes, you know, a lot of people think Bitcoin or they're
• 1:03:44
  late to Bitcoin, but this is the beginning of Bitcoin taking over
• 1:03:49
  the mindshare of the world. And hey, love it or hate it,
• 1:03:53
  this is where we are in the story.
• 1:03:54
  And as a Bitcoin news channel, we got to cover all the new
• 1:03:57
  developments, talk about everything going on in the space
• 1:04:00
  and the response to Bitcoin. So hey, we're here.
• 1:04:03
  Corporate press is starting to take notice and they can no
• 1:04:06
  longer just bully us and and, you know, relegate us to
• 1:04:09
  oblivion and into the corners of oh, they're just Internet nerd
• 1:04:12
  money. They're criminals, You know,
• 1:04:13
  they're money launderers. They're what they used to call
• 1:04:16
  us illiterate financial, what is it, financial illiterates like
• 1:04:20
  Bitcoin is here. It's not going away.
• 1:04:22
  And now everyone is waking up to this and you just love to see
• 1:04:25
  it. Anyways, Chris, what's your
• 1:04:26
  thoughts on the response to Trump at the Bitcoin conference?
• 1:04:30
  Yeah, I mean, like I said, a big thing is like everyone's kind of
• 1:04:33
  heard of Trump around the world. So The thing is like Trump's not
• 1:04:36
  using Bitcoin, or at least he's trying to, but like Bitcoin's
• 1:04:39
  really using Trump. And what I mean by that is he's
• 1:04:42
  being the megaphone or the propaganda arm, you know, as
• 1:04:45
  Opti's hat says, Bitcoin propagandist or like, you know,
• 1:04:48
  the the the Bitcoin propagandist, basically Bitcoin
• 1:04:50
  propaganda department. It's using Trump's megaphone and
• 1:04:53
  reached of him being a former president, maybe a potential
• 1:04:57
  president again and basically sending this world, this message
• 1:05:00
  out to the world. If you don't think Putin's
• 1:05:02
  watching this, if you don't think Europeans are watching
• 1:05:04
  this, if you don't think Zelensky's watching this, you're
• 1:05:07
  hearing about like, oh, Trump's going to a Bitcoin conference.
• 1:05:09
  What's that about? Like, you know, there it's
• 1:05:11
  coming into the zeitgeist. It's moving the Overton window.
• 1:05:14
  Bitcoin is becoming a political issue.
• 1:05:16
  Literally like candidates are fighting over our votes by
• 1:05:19
  trying to pander to us. And you know, you know, they're,
• 1:05:21
  they're trying to get our vote. One thing I wanted to bring out
• 1:05:24
  shouts out to the Bitcoin magazine team, the, the general
• 1:05:28
  admission day two had over a million views on the stream.
• 1:05:32
  So obviously it's a live stream. It's a long day.
• 1:05:33
  Obviously Trump was speaking that day.
• 1:05:35
  But you know, Opti pulled up the, the Fox News Trump speech,
• 1:05:39
  you know, that had 250,000 views on it.
• 1:05:41
  But the, the live stream itself had over a million views, which
• 1:05:44
  is a huge, huge accomplishment. I think day one industry day one
• 1:05:47
  had 145,000 views. And then day, general day one or
• 1:05:51
  so, the second day of the conference had 310,000 views.
• 1:05:54
  So, you know, ramping up Bitcoins prices going up.
• 1:05:57
  One of the first conferences that the price actually went up
• 1:06:00
  after a conference instead of going down.
• 1:06:02
  It didn't pump, but it didn't dump like it normally does.
• 1:06:04
  So you know, at least for the the Bitcoin conferences, at
• 1:06:09
  least it normally traditionally dumps.
• 1:06:10
  But yeah, I think we're preparing for a huge bull
• 1:06:13
  market. I definitely think Bitcoin is on
• 1:06:15
  the docket for 2024 election cycle.
• 1:06:18
  And yeah, Bitcoins are pandering to us.
• 1:06:20
  This is what winning's like. Love it, love it simp.
• 1:06:24
  You know, usually we're we're saying don't simp for
• 1:06:26
  politicians and billionaires, but now we have the politicians
• 1:06:29
  and billionaires simping for Bitcoiners and you just love to
• 1:06:32
  see it. And also, Chris, you reminded me
• 1:06:34
  of something that came out over the weekend as we heard, you
• 1:06:38
  know, Trump announce and RFK Junior announce a strategic
• 1:06:41
  Bitcoin reserve plan and and then introduce that idea.
• 1:06:45
  We also heard that similar talks are coming out of Hong Kong.
• 1:06:49
  So like this is being heard everywhere.
• 1:06:51
  This is this is what waiting looks like.
• 1:06:53
  This is what breaking the echo chamber looks like.
• 1:06:55
  As much as you may not like politics, as much as you may
• 1:06:59
  think it is corrupt, it's fake. Now this is a real conversation.
• 1:07:04
  We are being, I would say as a Bitcoiner, you know, we've
• 1:07:07
  always been legitimate, but now in the normie mind share,
• 1:07:10
  Bitcoin is a legitimate movement.
• 1:07:12
  Bitcoin is something that they need to hold and it's only going
• 1:07:15
  to increase as the Bitcoin price goes up.
• 1:07:17
  So guys, this is a good development.
• 1:07:20
  As much as you may not like politics, this is a great
• 1:07:24
  development in the in the Bitcoin space.
• 1:07:25
  Jump in Chris, before we wrap up.
• 1:07:27
  Yeah, I mean, one thing I if anything we've learned about
• 1:07:30
  politicians in their history, there's two ways to get their
• 1:07:32
  attentions, to criticize them or praise them.
• 1:07:34
  And obviously Trump in his speech criticize China and G So,
• 1:07:38
  you know, if you don't think President Xi is is talking about
• 1:07:41
  it, maybe kind of, you know, Opti, Nico and I have been
• 1:07:43
  talking about this for over three years now.
• 1:07:45
  In 2021 when China banned Bitcoin mining, obviously we
• 1:07:49
  know that there's underground Bitcoin mining in the country,
• 1:07:51
  or better yet, you know, the Chinese government confiscated
• 1:07:54
  rigs and mining themselves. But it seems like he's opening
• 1:07:58
  up his stance and maybe realizing the blunder that he
• 1:08:00
  made three years ago of being like locking down Bitcoin
• 1:08:03
  mining, not allowing it or like pushing it out of the country.
• 1:08:06
  He's like, oh shit, like maybe that was the wrong thing.
• 1:08:08
  And especially with Trump's quote from a few weeks ago or,
• 1:08:11
  or even at the OR I think it was from a few weeks ago, he's like,
• 1:08:14
  I want to mine all the Bitcoin in the United States of America.
• 1:08:18
  A little bit bombastic causes centralization issue, obviously,
• 1:08:22
  but you know that in very Trump, like we're going to mine all the
• 1:08:24
  Bitcoin, all the bitcoins going to be in the United States,
• 1:08:27
  like, you know, very Trump esque.
• 1:08:29
  But you know G and you know, I love them or hate him.
• 1:08:32
  Like Jason Lowry talks about this like the game theory of
• 1:08:34
  nation States and kind of using Bitcoin network to try and fight
• 1:08:37
  over hash rate in their own individual countries.
• 1:08:40
  So I think this is a big deal. I think G for getting criticized
• 1:08:43
  by President Trump, you know, sees Trump as a threat and
• 1:08:45
  definitely is like all right, shit like maybe I need to look
• 1:08:47
  into this Bitcoin thing. I don't want Trump in the United
• 1:08:49
  States to have all the Bitcoin. I definitely, they definitely
• 1:08:51
  want to posture and have it as an themselves.
• 1:08:54
  You know, we've seen from 2008 with China dumping their
• 1:08:56
  treasuries, they don't really trust the Federal Reserve and
• 1:08:59
  the the US Treasury market. Obviously they're trying to do
• 1:09:02
  things with bricks, but a neutral reserve, you know,
• 1:09:05
  unbiased money such as Bitcoin can be used.
• 1:09:07
  Like I said, Bitcoin for enemy is for enemies.
• 1:09:09
  So the US can use it as well as China can use it.
• 1:09:12
  So I think GE is definitely paying attention to this speech
• 1:09:14
  and I definitely think he's trying to rethink his stance at
• 1:09:16
  this moment. Yeah, man.
• 1:09:18
  As as we've seen in the last recent weeks, the Bitcoin game
• 1:09:23
  theory is playing out in real time.
• 1:09:26
  And the leaders to adopt Bitcoin, the countries that
• 1:09:31
  adopt Bitcoin first, the individuals that adopt Bitcoin
• 1:09:35
  first will lead. They will win.
• 1:09:37
  And the fact that we're seeing Trump and the Republican Party
• 1:09:41
  embrace Bitcoin, you're seeing the feedback from other world
• 1:09:45
  leaders. You're seeing the response from
• 1:09:48
  the Democrats as well. It's like he who adopts Bitcoin
• 1:09:52
  first will end up thriving and this is the game theory play out
• 1:09:56
  in real time. This isn't just happening in the
• 1:09:58
  US, this is happening globally. Now everyone has to have a
• 1:10:02
  Bitcoin stance, and if you fall behind, if you fight Bitcoin,
• 1:10:08
  then you're going to have fun staying poor.
• 1:10:09
  And I don't know about you, but I want to ensure that every
• 1:10:12
  single one of you guys out there is living a good life that you
• 1:10:15
  are succeeding, that you are wealthy, that you are happy,
• 1:10:18
  that you are healthy. This is how we win is by
• 1:10:21
  instilling the Bitcoin principles into every single one
• 1:10:25
  of the people on planet earth. And this is how we usher in a
• 1:10:28
  bright orange future by more people saving in Bitcoin, more
• 1:10:32
  people are using Bitcoin and the Bitcoin network starting to
• 1:10:35
  proliferate and thrown the dollar as the money of the
• 1:10:41
  world. Anyways, Chris, we're running a
• 1:10:44
  little long today, but thank you for showing up, bro.
• 1:10:46
  Chris will be joining us on the show a little more.
• 1:10:50
  But Chris, thank you, bro. Plug your Twitter.
• 1:10:54
  Appreciate you coming on today. Let's, let's Where can the
• 1:10:56
  people find you? Of course, Opti always love
• 1:10:58
  kicking it with you. You can find me at on Twitter at
• 1:11:01
  Chris Alamo and then the number six.
• 1:11:04
  And then you can find me on Noster at NPUB 134.
• 1:11:07
  I'm just kidding. You can find me at Chris Alamo
• 1:11:10
  at B dot TC on Noster. That's my NIT 5 identifier.
• 1:11:14
  Opti thought I was going to go and do the whole, you know, do
• 1:11:17
  the whole 52 character thing. Amazing.
• 1:11:21
  You got me, dude. I literally thought you were
• 1:11:23
  going to do it anyways, Chris, man, it was good hanging out
• 1:11:25
  with you this week. Thanks for filling in today.
• 1:11:28
  And man, we're going to slide you in on the show more often.
• 1:11:30
  So appreciate it, bro. Hang out behind the scenes as I
• 1:11:33
  wrap today's show up. All right, guys, All right,
• 1:11:37
  well, we're back to our normally scheduled show.
• 1:11:41
  Nico will be back tomorrow. You know, his his plane I think
• 1:11:45
  got a little delayed, so he wasn't able to make it on
• 1:11:47
  today's show. We might rehash a little of this
• 1:11:50
  stuff tomorrow so you guys can hear Nico's take on all of the
• 1:11:53
  stuff we heard out of the Bitcoin conference.
• 1:11:55
  But man, we will be your guy through the separation of money
• 1:11:58
  and state. And as you can tell, we are
• 1:12:00
  hitting the mainstage. We're hitting the mainstream.
• 1:12:03
  Everyone will have to have a Bitcoin stance moving forward.
• 1:12:07
  You are either for Bitcoin or you are for CBDC's.
• 1:12:12
  You need to embrace Bitcoin. You need to save in Bitcoin.
• 1:12:15
  You need to take your Bitcoin off the exchanges.
• 1:12:17
  You need to run a node. Do not trust verify.
• 1:12:20
  If you think we provided you value on today's show, like
• 1:12:23
  share, subscribe, all that good stuff, we love you.
• 1:12:26
  We'll be back tomorrow at the same time as usual, 12:15 PM
• 1:12:29
  Eastern Time. On that note, guys, have a good
• 1:12:32
  rest of your day. Get outside, touch some grass,
• 1:12:34
  eat some good food. This is what winning looks like.
• 1:12:40
  It was brought to you by bitcoinwell.com on a mission to
• 1:12:44
  enable independence.