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The $10M Bitcoin Blind Spot Nobody Talks About | Beyond Bitcoin · Simply Bitcoin

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  Today I'm breaking down the $10 million Bitcoin blind spot that
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  nobody talks about. I believe that bitcoiners can
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  start to get very short sighted when once they understand
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  Bitcoin and how it can change our financial system and.
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  This blind spot could put everything you've worked for at
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  serious risk. Like selling when it goes down
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  is not, you know, it's not even a thing, right?
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  So it's just a very different mindset.
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  But it only comes from the confidence and self security to
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  do your own research. I know it sounds dramatic and a
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  little inflammatory, but one of the biggest Bitcoin wealth
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  advisors in the world, managing millions in assets is warning
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  this exact scenario is already unfolding.
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  Stay tuned, because if his prediction comes true,
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  generational Bitcoin wealth could collapse into a one
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  generation liquidation. And here's the kicker.
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  This isn't about price action, ETFs or adoption curves.
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  It's about the blind spot that could quietly, quietly unravel
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  everything that Bitcoiners have been building for the last 15
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  years. I motions this is beyond
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  Bitcoin. You better stay to the end of
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  this one. It can get really complex
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  because now I have maybe 3 different hardware wallets if
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  it's a two of three setup and I have to make sure that, you
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  know, they're in different places.
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  I also have to make sure I'm backing up every single one of
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  those private keys. And so do I spread out those
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  backups as well? You know, it's just, it becomes
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  a very involved process and most people will just end up holding
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  all three keys in the same place, maybe in the safe at
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  their house. And it's like, well, you know,
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  is multi CIG really doing the job that you wanted it to do by
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  storing it this way? Meet Mitch Moore, one of only 8
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  Bitcoin focused wealth advisors in the entire US.
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  His clients aren't retail investors, They're early
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  bitcoiners sitting on 5 million to $50 million stacks.
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  But here's the problem. Almost all of them are planning
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  their estates as if Bitcoin is just another stock.
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  He explains the classic intake scenario going something like
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  this. The husband has something like
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  $15 million of a position in Bitcoin.
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  The wife calls it risky Internet money.
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  The kids don't know a private key from a house key.
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  What's that? And the estate plan, a simple
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  will, leaving everything to the spouse.
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  Yeah, you know what we built and why huddling is not a financial
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  plan is a primary mantra of ours is because I believe that
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  Bitcoiners can start to get very short sighted when once they
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  understand Bitcoin and how it can change our financial system
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  in the future that they hope to see.
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  And so then they they believe that their financial plan is
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  now, oh, I just buy Bitcoin and hold on.
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  And for some, that might be the case, but for many, there's a
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  lot of blind spots that you can introduce.
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  You know, when you are stopping there, you need to take it a
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  step further to think through, OK, what should my estate plan
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  be? You know, if something happens
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  to me today, I get hit by a bus, you know, after listening to
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  this podcast, you know, can my wife access our Bitcoin?
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  Can my kids inherit our Bitcoin? That's just one example.
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  Now let's play that out for a second.
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  The husband dies unexpectedly and the wife inherits Bitcoin
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  that she doesn't understand. Whatever it is, as long as I can
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  keep shopping at Nordstrom. And the next bear market hits
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  and the price crashes 60%, a traditional wealth advisor
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  whispers in her ear. Move into real adjustments.
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  And just like that, the $15 million Bitcoin position and its
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  legacy are liquidated at the worst possible time.
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  And that's the blind spot. Conviction dies with the holder.
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  In my experience, most Bitcoiners, they don't have a
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  lot of Bitcoin friends and their wife, you know, for example,
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  most of the time it's the guys in our, in our experience, their
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  wife is happy it's working out so far, but hasn't take the time
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  taken the time to learn about it.
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  Or in the case of minor kids, for example, if you have your
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  kids going to a guardian, they don't understand Bitcoin.
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  They may sell liquidate Bitcoin on behalf of your kids.
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  They're like, well, you know, it's dropping in value in value
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  a lot. I want these kids to be able to
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  have this capital when they turn 18 and it's losing, you know,
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  money right now. And they may get rid of it too
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  early. So educating them on what
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  Bitcoin is is also critical to take care of that, you know,
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  complete Bitcoin estate plan. The heirs inherit the asset
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  without conviction, and the wealth, well, it evaporates in
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  one cycle. Moore calls this the education
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  gap, but it doesn't stop there. Most wealthy bitcoiners are
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  using custody solutions that are designed for 50K positions, not
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  5 million. That should do it.
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  Moore puts it bluntly. Self custody is really a burden.
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  At the end of the day, it's a responsibility.
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  And you when you're dealing with eight figure Bitcoin positions,
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  the trade-offs shift dramatically.
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  Security versus usability, control versus inheritance
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  planning, privacy versus professional management.
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  The normal strategies that work for stacking SAT's often fail
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  when preserving or passing down generational wealth in Bitcoin.
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  I want to pause here for a second, because if you're really
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  thinking about long term with Bitcoin, you need to be thinking
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  about preserving that Bitcoin with more than just your
• 5:01
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  preparing for emergencies, or just setting up your family's
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  stay connected, protected and prepared.
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  And if you go to sat123.com right now and you put the promo
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  Focus on what matters, sovereignty, connection and
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  peace of mindthatssat123.com. So what's the solution?
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  Moore lays out a three pillar framework for Bitcoin estate
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  planning. One legal title conveyance.
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  A simple will doesn't cut it for Bitcoin.
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  Without proper structures, your stack can get trapped in
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  probate, and I wish I knew what that meant.
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  It's a messy, public and risky process.
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  Trusts legally align your Bitcoin with your intentions, so
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  your errors inherit the Bitcoin smoothly and securely.
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  Not with, you know, the hope of maybe they'll find the seed
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  phrase. Fingers crossed.
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  Two professional key management. Self custody is powerful but
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  dangerous at scale. A $5,000,000 Bitcoin position
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  can't rely on a cold wallet in your sock drawer. 3 air
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  education, and this is probably the most important one.
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  Even if your family gets the keys, do they understand Bitcoin
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  without conviction? The first bear market wipes out
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  generational wealth. Teaching your kids now in plain
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  language before you're gone is the only way to prevent panic
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  selling, ensure your vision of Bitcoin survives.
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  Here's the problem. Most of these wealthy bitcoiners
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  only have one of these key pillars in place because.
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  Like you said, self custody can be intimidating and something,
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  you know, that we, we like to say as strong wealth is self
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  custody is really a burden. At the end of the day, it's a
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  responsibility. It's a, it's a, you know,
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  opportunity that Bitcoin provides us to be able to take
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  the responsibility of our own wealth.
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  But you, you know, with that responsibility becomes the
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  burden of looking after it and keeping it secure, you know,
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  potentially across decades. So we really take our clients
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  through this framework to talk through what are the trade-offs
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  of every single custody structure?
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  Because at the end of the day, every single choice you make has
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  a trade off. There's no perfect answer.
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  Some of some custody companies, in my opinion, like to share
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  their custody structure as the perfect solution for everybody.
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  But in the conversations that we have, it's just simply not the
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  case. So when you're deciding, you
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  know, what should I do, you have to balance security with, you
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  know, ease of use, for example, or the ability for your heirs to
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  be able to take access to it. And that's how conviction dies
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  with the first generation. So why does this matter?
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  Well remember bitcoins market cap is around 2 trillion today,
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  but the addressable market cap for money is hundreds of
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  trillions. So we're still early, like 1998,
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  Internet early. The wealth being built right now
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  will define the outcomes of families for generations, but
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  only if it's preserved with the same intentionality that it was
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  accumulated with. Unlike other technologies and
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  things, we don't have to wait for that generation to die
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  completely because people can dip a toe, right?
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  They can do a 1% allocation even though it's like, you know,
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  they'll call it schmuck insurance.
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  They'll be like, all right, these kids may be right.
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  And this is what a lot of my investors do, you know, these
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  are, you know, big family offices with many, many hundreds
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  of millions of dollars. And they're like, OK, my son, my
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  grandson, this that, whatever. They keep talking about it now
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  it's on CNBC now the SEC approved it.
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  It's like, OK, you know what, let's get a few $1,000,000 worth
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  of that stuff just in case my kid is right, you know, that's
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  how it starts. Before we wrap up, I want to
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  So here's the take away. Just huddling is not a plan and
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  conviction is not enough. If you want your Bitcoin to
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  outlive you, you need structures, custody and
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  education in place right now. Thank you so much for watching
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  this video. If you like what you see and you
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  want to see more, make sure you hit that like button below or
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  you can subscribe to the simply Bitcoin channel for more content
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  single day of the week. Also, do not forget to hit that
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  I'm oceans. This is beyond Bitcoin.
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  Stay healthy, stay happy, be safe and make money.
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  Until next time.