Latest / Simply Bitcoin / BREAKING: FED BOMBSHELL CONFIRMS $1M Bitcoin in 2026 | EP 1247

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BREAKING: FED BOMBSHELL CONFIRMS $1M Bitcoin in 2026 | EP 1247 · Simply Bitcoin

• 0:00
  Literally three hours ago, the Federal Reserve dropped a
• 0:03
  bombshell in the markets that could be the catalyst to send
• 0:07
  Bitcoin to $1 million. Yes, I know $1 million Bitcoin.
• 0:11
  We've been talking about it forever.
• 0:12
  But in a press conference this morning, a Fed insider confirmed
• 0:16
  the Federal Reserve was standing on the sidelines ready to inject
• 0:20
  liquidity. And this comes after they've
• 0:23
  been quietly printing billions of dollars this week because
• 0:27
  they had a failed bond auction. And the yields in U.S.
• 0:31
  government debt is rising. And Japan has also been blowing
• 0:36
  out to 20 year highs. So are we seeing a 2020
• 0:40
  flashback when the money printer set Bitcoin flying?
• 0:44
  Who knows. But let's get into this source
• 0:47
  material. And of course, I'm not alone.
• 0:49
  I got Nico here with me today, but I've become somehow the
• 0:52
  macro expert here on the show, so This is why I'm covering the
• 0:55
  news. Anyways, the first story here
• 0:57
  guys, is probably the most interesting we've been seeing at
• 1:01
  least kind of covering this on simply Bitcoin.
• 1:04
  Everyone knows, at least if you're watching Tradfly.
• 1:06
  Jay Powell has been kind of holding strong on Fed rate cuts,
• 1:10
  but it seems like he's being forced into a corner.
• 1:13
  And this morning we got a speech from the Vice Chair, Philip and
• 1:16
  Jefferson regarding central bank liquidity and what their role
• 1:21
  is. So if you got to see this, of
• 1:23
  course, on federalreserve.gov, I'm not going to read the whole
• 1:26
  thing, just kind of the beginning.
• 1:27
  And this is titled Liquidity, Facilities, Purposes and
• 1:30
  Functions. Again, the main question here
• 1:33
  should be why are they even talking about liquidity at this
• 1:36
  moment in the market? We're going to show you why.
• 1:39
  But First off, let's just talk about what they said on the term
• 1:43
  or the theme, as I would say, of turning on the money printer.
• 1:46
  So here we go. This is their theme, though the
• 1:49
  theme of today's conference is developments in financial into
• 1:52
  intermediation and potential implications for monetary
• 1:54
  policy. As this conference embarks on a
• 1:56
  larger discussion of the role of banks and non banks in various
• 2:00
  market segments including credit markets, treasury and money
• 2:03
  markets and payments, I believe it is worth taking a step back
• 2:06
  to explore an important background factor which is how
• 2:09
  and why central bank provide liquidity.
• 2:12
  Again, the timing of the Vice Chair of the Federal Reserve
• 2:16
  talking about injecting liquidity, you can say it's a
• 2:19
  coincidence. I think not.
• 2:21
  Anyways, the provision of liquidity by central banks is a
• 2:23
  foundational element of financial intermediation.
• 2:27
  Central bank should be able to provide liquidity effectively
• 2:30
  for the financial system to function smoothly.
• 2:32
  Today I will take this opportunity to discuss some
• 2:34
  aspects of liquidity provision by the central banks.
• 2:37
  Of course, the main forms of liquidity provided by central
• 2:40
  banks name namely currency and bank reserves are the foundation
• 2:44
  of safe liquidity in the economy.
• 2:46
  It is vital for a central bank to make clear, again, it is
• 2:50
  vital for a central bank to make clear that it stands ready to
• 2:53
  provide liquidity should stress emerge.
• 2:56
  But a central bank bank must also take steps to minimize
• 2:59
  moral hazard. Moral hazard in this context
• 3:01
  refers to the concern that publicly provided liquidity
• 3:04
  might encourage private financial institutions to take
• 3:08
  an excess risk. So the rest of this article, he
• 3:11
  kind of, you know, breaks down the mechanics of it, that it's a
• 3:14
  little too much jargon for us. But again, the main point, he is
• 3:18
  doing a speech to reemphasize why the central bank is ready to
• 3:23
  inject liquidity into the system.
• 3:26
  And you might be asking what's this have to do with Bitcoin?
• 3:28
  I will get there. But the context of why they are
• 3:32
  talking about this today, I think is also the big kahuna
• 3:35
  here, as we've known for a while, you know, QE,
• 3:39
  quantitative easing, basically money printer go Burr.
• 3:42
  It hasn't been on the table, but they are doing some stealth
• 3:45
  quantitative easing. And it's all based because no
• 3:49
  one really wants to buy yield or buy bonds.
• 3:51
  Sorry. And we got this article over the
• 3:53
  weekend, Yahoo Finance. Why is the Fed quietly buying
• 3:57
  billions in bonds and hoping nobody notices?
• 4:00
  So again, I'm just going to cover this.
• 4:01
  Yeah, that's crazy. Cover this a little bit and
• 4:04
  then, you know, show little charts.
• 4:05
  Nico's going to chime and I got some more for you guys.
• 4:07
  So just reading the beginning, the US Federal Reserve just
• 4:10
  pulled off something stealthy. Over 4 days last week, without
• 4:13
  fanfare, the Fed vacuumed up $43.6 billion in U.S.
• 4:18
  Treasuries. That's eight point billion in
• 4:20
  long dated 30 year bonds on May 8th alone, plus another 34.8
• 4:25
  billion earlier in the week. Not exactly small change.
• 4:28
  Quietly returning to the quantitative easing through
• 4:32
  isn't standard Fed housekeeping. It's like a bank robber
• 4:35
  returning to the scene because he forgot his keys.
• 4:38
  Love you Yahoo. This is actually a really good
• 4:40
  article here. But again, what's this have to
• 4:43
  do with Bitcoin? Well, you know, let's just go
• 4:45
  handy dandy fred.saintlouisfed.org and let's
• 4:49
  just look at the last time they injected liquidity into the
• 4:52
  market. Obviously they just continuously
• 4:54
  print money, but the last time they injected a huge ton, I was
• 5:00
  I was going to curse. It's still early huge ton of
• 5:02
  money into the system was of course 2020 and we all know what
• 5:05
  happened in 2020, but you can see just a parabolic print here
• 5:09
  for M2 money supply now going further, not going full TA, but
• 5:14
  we all remember what happens in 2020.
• 5:16
  Yes, it wasn't the glorious 2017 bull run, but the last time they
• 5:19
  printed this much money, Bitcoin absolutely ripped.
• 5:23
  So it looks like quantitative easing or money printer going
• 5:27
  Burr the the Fed essentially as I was telling Nico Nico's like
• 5:31
  what, what does this mean? Like I, I don't understand what
• 5:34
  is going on this morning. And I'm like, essentially what
• 5:37
  is going on? Imagine, you know, you OfferUp a
• 5:39
  product, say maybe a $4.36 billion, and then no one wants
• 5:45
  to buy it. So you essentially buy it from
• 5:48
  yourself and then you take that cash and you're like, yeah,
• 5:50
  we're good guys. Trust me, this is good.
• 5:53
  This isn't money laundering. This isn't the expansion of the
• 5:55
  money supply. We just bought it from
• 5:57
  ourselves. This is awesome.
• 5:58
  Now we're richer. Now we're in a good stable
• 6:00
  place. But the TLDR of this first
• 6:02
  portion here Nico, So what you're saying when your printer
• 6:05
  is on? So what you're saying basically,
• 6:07
  So what you're saying is the Fed essentially offered these bonds
• 6:11
  on the open market, there was no interest and then the Fed bought
• 6:15
  them themselves? Yes, that's exactly what I'm
• 6:18
  saying. And then they did it in a
• 6:19
  stealthy fashion, hoping that no one would notice.
• 6:23
  Totally, literally the easiest way you can explain what
• 6:27
  happened yesterday and guys, you know, for you guys that aren't
• 6:30
  connecting the dots here, essentially, you know, no one is
• 6:35
  wanting to hold the, you know, standard risk off asset, which
• 6:39
  is government debt or U.S. government bonds right now.
• 6:42
  And it's really blowing up the markets, which is a greater
• 6:46
  indicator of what we always say here on simply Bitcoin that you
• 6:48
  need to hold some Bitcoin. It's truly the only risk off
• 6:51
  asset currently in the market, non parallel to the traditional
• 6:55
  financial system. So what most people think is the
• 6:58
  safest bet in the market is starting to look like it's not
• 7:01
  safe. And that is not a good thing for
• 7:04
  traditional financial markets in general because it all hinges on
• 7:08
  government debt. Now Nico, again I said there is
• 7:11
  more to this and this is probably even crazier here.
• 7:15
  So we saw this this weekend is actually yesterday.
• 7:19
  But Justin, Japan Prime Minister, says that his
• 7:23
  countries financial situation is worse than that of Greece.
• 7:27
  And remember what happened, 2008 financial crisis, Greece went
• 7:32
  basically bankrupt, You know, they blew up.
• 7:34
  It had a huge implication for the rest of the traditional
• 7:38
  financial system. But for many people that don't
• 7:40
  understand the connection between Japan and the US, excuse
• 7:44
  me, is Japan's bonds is essentially like a leading
• 7:47
  indicator of where our bonds are going.
• 7:49
  It's the linchpin for all of traditional financial markets.
• 7:52
  And going further into this, breaking this down in terms of
• 7:56
  Bitcoin is where it starts to get a little scary.
• 7:59
  Now, I'm not coming on here to say full doom and gloom.
• 8:02
  You know, it's about to blow up tomorrow.
• 8:04
  All I'm saying is we're seeing a monetary restructuring in real
• 8:07
  time. So I literally found this guy
• 8:09
  this morning, but he's been putting a lot of really good
• 8:12
  tweets in in regards to what's going on in Japan and I'm not
• 8:15
  going to read the whole thing again.
• 8:16
  You guys could follow him, under score the under score profit
• 8:19
  under score. He's got a lot of good tweets
• 8:21
  right now about this. So he goes, this is a major
• 8:24
  inflection point and most people have no idea what it means.
• 8:28
  You can kind of break this down. You know, Japan's debt to GDP is
• 8:30
  over 260%, but the market tolerated because of 1 illusion.
• 8:34
  It's all domestically owned so it's safe.
• 8:36
  But that illusion just cracked because their own Prime Minister
• 8:40
  admitted systemic insolvency. This isn't just a Japan story,
• 8:45
  it's the beginning of a global sovereign unwind.
• 8:48
  Japan is the Canary in the bond coal mine.
• 8:51
  Bitcoin is the exit not just from inflation, but from broken
• 8:54
  governments and dying debt systems.
• 8:56
  As a Bitcoiner, you're way ahead of it.
• 8:58
  The world isn't ready for this. And Kaiser, Max Kaiser, you know
• 9:02
  what's up. Forget what his name is, the
• 9:04
  high priest of Bitcoin. He is going bananas this morning
• 9:08
  and he goes this slow motion train rake the pin.
• 9:11
  Popping the global Ponzi scheme has taken 20 years to finally
• 9:14
  burst the quote yen Kari trade look it up has provided
• 9:18
  liquidity to keep 2 quadrillion worth of derivatives of flow and
• 9:21
  now it's unwinding. Is this the finale of the 4th
• 9:25
  turning a global bond pocalypse ushering in depression 2 point O
• 9:29
  who knows but of course, the ultimate safe haven Bitcoin $2.2
• 9:35
  million Bitcoin in play. We're being a little
• 9:38
  conservative if this does blow up this year by saying
• 9:41
  $1,000,000 Bitcoin. But again this isn't just going
• 9:44
  on in Japan you're seeing this happen in the United States as
• 9:47
  well over the weekend we saw bond yields skyrocketing, so the
• 9:52
  US credit score got downgraded by Moody and you're seeing that
• 9:57
  there's a lot of panic in the market the US 30 year yield is
• 9:59
  back to June 2007 levels just before the great financial
• 10:04
  crisis kicked off a two year bear market plus A5 year
• 10:07
  recovery. Falling dominoes are hitting
• 10:10
  foreign economies and if you check the 30 year bond this
• 10:13
  morning, it's almost at 5%. It actually hit 5% over the
• 10:15
  weekend, which basically means no one wants to buy bonds.
• 10:19
  Again, you can look at interest rates in a very simple framing.
• 10:22
  Interest rates is basically, you know what they pay people to
• 10:26
  have interest in buying these bonds.
• 10:28
  So the more they raise, the more it shows no one wants to buy
• 10:30
  these bonds. So they have to keep raising it
• 10:33
  to incentivize people to buy this.
• 10:35
  Now the interesting stuff is kind of the reactions we saw
• 10:38
  this morning in regards to the bond markets.
• 10:41
  Of course, they're, they're rolling out their people saying,
• 10:44
  you know, the, the official members and, and part of the
• 10:47
  trad fi Federal Reserve, you know, treasury, they're saying,
• 10:51
  guys, everything is good. As Hashit said this morning,
• 10:54
  American bonds are still the Best Buy.
• 10:57
  Well, it looks like the market is totally disagreeing and we're
• 11:01
  seeing some heavyweights this morning say the exact opposite.
• 11:04
  So we saw JP Morgan CEO says I'm not buying.
• 11:08
  I'm not a buyer of credit today. It is a bad risk.
• 11:11
  And of course, we're not the biggest fans of Jamie Dimon.
• 11:13
  We all know you know Jamie Dimon.
• 11:14
  But when Jamie Dimon speaks, his words carry weight.
• 11:18
  As I've heard through the Grapevine a few times.
• 11:20
  You know Jamie Dimon basically runs countries.
• 11:23
  We've heard he's been in talks with Trump.
• 11:25
  He's the the, the head of the biggest bank in the world.
• 11:28
  So when he speaks, this stuff carries weight.
• 11:31
  There is a lot of uncertainty in the markets right now.
• 11:34
  When the CEO of JP Morgan speaks, the markets take note,
• 11:38
  and we're seeing that the market is reacting to these bonds right
• 11:41
  now. Now going further, Ray Dalio, we
• 11:44
  know he's becoming a little bit of a bitcoiner.
• 11:47
  He's not fully in Bitcoin, but he's also echoing the same exact
• 11:51
  sentiment. Ray Dalio said credit agencies
• 11:54
  are understanding sovereign credit risk because they don't
• 11:57
  include the greater risk that the country's in debt will print
• 12:00
  money to pay their debts with the valued currency.
• 12:03
  So they're all saying the same thing and tying this fully back
• 12:07
  into Bitcoin. The bond markets are scaring the
• 12:10
  big boys. Wall Street is starting to be
• 12:12
  forced to get into Bitcoin. And I think the big kahuna here
• 12:16
  following all of this bond market news is JP Morgan
• 12:19
  announced this morning they will allow their clients to buy
• 12:22
  Bitcoin. Historically, Jamie Dimon has
• 12:25
  been one of the biggest anti Bitcoin proponents in the world.
• 12:30
  He historically said, or rather infamously said he would fire
• 12:34
  anyone who bought Bitcoin from his company.
• 12:37
  And now he is going to allow his bank to sell Bitcoin to its
• 12:41
  customers, though they will not custody that Bitcoin.
• 12:44
  But he added he is still not a fan of Bitcoin, which I think
• 12:48
  might be the signal here. Even though he's not a fan of
• 12:51
  Bitcoin, he knows the writing on the wall is he has to at the
• 12:56
  very least give the people what they want if he wants to stay
• 12:59
  afloat because these bonds, they're not looking good guys.
• 13:03
  Now this is a simplified 45 IQ take of what's going on in the
• 13:07
  bog markets, but essentially when the bonds puke and no one
• 13:10
  wants to buy them, it really is showing as that one tweet by the
• 13:14
  prophet said, systemic risk in the system.
• 13:17
  Now This is why we are bitcoiners.
• 13:19
  This is why we always tell you guys you need to have a an
• 13:22
  asset, a money that is not controlled or a part of the
• 13:26
  traditional financial system. Of course, that is Bitcoin in a
• 13:29
  political and neutral money outside of the traditional
• 13:31
  financial system. This is the safest bet period,
• 13:35
  right now. Yes, there's still a lot of talk
• 13:37
  about Bitcoin being a speculative asset.
• 13:39
  There's still a lot of people wrapping their heads around
• 13:41
  Bitcoin, but it's becoming very clear and we've been covering
• 13:44
  this for the last couple of months, Nico, Bitcoin is
• 13:47
  becoming a literal global macro asset.
• 13:50
  We have matured guys. Bitcoin is on the main the the
• 13:54
  mainstage now, and they can't ignore this.
• 13:56
  The more that these Wall Street Titans start to bend the knee to
• 14:01
  Bitcoin, start to look away from bond, the more and the faster
• 14:05
  that Bitcoin will become the truly global reserve currency,
• 14:10
  money of the world asset, whatever you want to call it, it
• 14:13
  is happening in real time. There is fundamental problems in
• 14:16
  the system. They're going to turn on the
• 14:18
  money printer. They've already turned it on in
• 14:20
  stealth mode. They don't want people to know
• 14:22
  that there is a problem because hey, it's literally like
• 14:25
  yelling, you know, there's a fire in a movie theater and you
• 14:28
  don't want to panic the markets. The more they panic the market,
• 14:31
  the faster this this basically gets accelerated and they're
• 14:35
  slowly, I would say very slowly getting their positions ready.
• 14:40
  They need to have their positions before they announce
• 14:42
  that things are going really bad.
• 14:44
  So I posted this morning, you know, a little GIF of the margin
• 14:49
  call being, you know, the big CEO guy.
• 14:52
  This is the moment in the movie where there are meeting, they're
• 14:54
  deliberating at 4:00 AM and they're wondering what is going
• 14:58
  on. And I think the take away is, is
• 15:01
  they're going to start selling guys.
• 15:03
  They are going to tank this market at some point soon or the
• 15:07
  other. The other rabbit hole, the other
• 15:09
  fork here is they are just going to print a bunch of money to
• 15:12
  devalue their debt, which means everyone's going to get wrecked
• 15:16
  here if you are not holding Bitcoin.
• 15:17
  If you're not holding assets, basically, if you're not holding
• 15:20
  assets like this is like this is the the the Greek tragedy out of
• 15:23
  this whole situation, which is essentially like if you assets
• 15:29
  every time the government prints money, you get absolutely right.
• 15:34
  And Opti we're we're we're covering, we are crafting the
• 15:38
  story this morning. And Opti had such a deep
• 15:41
  understanding of it. I was like, dude, you got to do
• 15:43
  the hook, man. You got it.
• 15:45
  You got to do the intro, bro, because you get this a lot more
• 15:47
  than I do, but I'm going to hit it from a different take, from a
• 15:50
  different perspective. Just add my two cents here.
• 15:53
  Essentially, Powell has not been playing ball with Trump
• 15:57
  administration, right? Regardless of, you know, the
• 16:00
  blowout election that the Republicans won the House, they
• 16:03
  won the Senate, they won the executive branch, essentially,
• 16:07
  Powell has not been playing ball.
• 16:09
  And that's in stark contrast to how Powell essentially treated,
• 16:14
  you know, monetary policy during the previous administration.
• 16:17
  He didn't really care, you know, like he was he like, you know,
• 16:21
  regardless of the, you know, inflation, you know, he said he
• 16:24
  came up with excuses for it during the Biden administration.
• 16:27
  He said that it was a Tran, it was transitory, You know, it
• 16:30
  wasn't a it wasn't a big problem.
• 16:32
  And then during Trump's first administration, he did the same
• 16:35
  thing, right? He keep the, he keep the, he
• 16:38
  kept the rates high for a long time.
• 16:40
  And it seems like during this administration, the same thing
• 16:44
  is happening, right? Even though inflation numbers
• 16:47
  continue to show that they're lower and lower and lower,
• 16:50
  Powell seems to just, you know, hold on, basically saying, you
• 16:54
  know what? No, it's still a little bit
• 16:55
  heated and a way you can make it an argument that the Fed's been
• 16:58
  acting a little bit political. But essentially what Opti is
• 17:02
  making the case for is they're getting forced into a corner and
• 17:06
  they're not going to have a choice but to make money printer
• 17:09
  gober. And actually, you can make an
• 17:11
  argument that they already are making money printer gober, but
• 17:15
  they're doing it in a way that is silent.
• 17:17
  Now, what's really interesting, I've read you guys this article,
• 17:20
  it was originally released by Arthur Hayes.
• 17:23
  He was making the case that, you know, that Jerome Powell is just
• 17:30
  going to get owned by Besson and Besson is going to bend and
• 17:34
  Jerome Powell is eventually going to bend the knee to
• 17:39
  Besson. And it's an incredible article.
• 17:41
  We read you got, we read you guys this entire article.
• 17:43
  You know, of course Arthur Hayes has like a mimatic approach to
• 17:47
  it, but essentially he makes the case that Besson is going to
• 17:50
  force Jerome Powell's hand regardless of whether, you know,
• 17:56
  Jerome Powell wants to play ball or not.
• 17:58
  And we already know based on a video that was released by Jamie
• 18:02
  O'Keefe, James O'Keefe, that there was a, there was a member
• 18:05
  of the Fed, like an employee of the Fed, basically admitting on
• 18:10
  camera that Jerome Powell doesn't like the Trump
• 18:13
  administration and he'll do whatever it takes essentially to
• 18:17
  try to sabotage it. Now, what's really interesting
• 18:20
  is that Arthur Hayes followed up again, referencing the BBC,
• 18:24
  which is that article that I just pulled up, where he
• 18:28
  essentially makes the case that look best that Powell is
• 18:31
  essentially Besant's bitch. I don't know, to put it nicely I
• 18:35
  guess. Not our words.
• 18:37
  Arthur Hayes's. Not our, our words, right?
• 18:41
  And essentially, you know, Arthur Hayes is pulling it up
• 18:44
  right here. He he's showing up, he's showing
• 18:46
  the charts and he's basically saying like, look, quite a move.
• 18:49
  The BBC is on notice if this bleeds into higher volume and
• 18:53
  then in the move index, expect immediate policy action.
• 18:58
  That's exactly what Opti just covered.
• 19:00
  The first thing that was an announcement from the Federal
• 19:02
  Reserve itself, basically signaling to the market.
• 19:05
  We are, we are like we will step in if we have to.
• 19:10
  And essentially the reason that they're signaling this is
• 19:13
  because they're trying to sell bonds and no one is buying the
• 19:17
  bonds. The credit ratings are going
• 19:20
  down, right? There's there's panic.
• 19:21
  So what do you do? What has historically happened
• 19:25
  every single time these types of situations present themselves?
• 19:30
  Well, in the past, you know what they do?
• 19:32
  They print money. This is what Arthur Hayes is
• 19:34
  saying. Translation equals Burr.
• 19:37
  Money printer, go Burr. Now, this is what Larry Leopard
• 19:40
  has essentially theorized in his book The Big Print.
• 19:44
  This is the big print that he's talking about.
• 19:47
  Essentially, United States fiscal policy is unsustainable
• 19:51
  in the long term and eventually they're going to just have to
• 19:55
  turn on the money printers. And essentially that is what's
• 19:59
  happening. No one's buying the bonds.
• 20:01
  No one wants to buy the bonds. So the Fed themselves has to buy
• 20:05
  the bonds. How do they do that?
• 20:07
  They make money printer go Burr. Now, if you're in assets,
• 20:11
  meaning if you're in equities, gold or Bitcoin, you're going to
• 20:16
  benefit tremendously from this because as history has shown
• 20:20
  every time money printer has gone Burr.
• 20:23
  If you're sitting in assets, real estate, equities, gold or
• 20:27
  Bitcoin. It just goes through the roof
• 20:31
  and obviously Bitcoin is the best performing out of all those
• 20:34
  that I laid out, right. So, yeah, I mean, I think we're
• 20:38
  on the verge of what Larry Leopard has been predicting.
• 20:41
  The big print. It's coming.
• 20:43
  It's inevitable. They can't, they don't have an
• 20:45
  option but to print. This is the whole theory.
• 20:47
  This is the case. This is the this is the case
• 20:50
  that Satoshi Nakamoto laid out back in 2009 when he discovered
• 20:56
  or invented Bitcoin, depending on how you want to look at it.
• 20:59
  He'd literally put it in the genesis block of of Bitcoin
• 21:03
  chancellor on the brink of the second bailout for banks because
• 21:06
  he knew that they were going to continue to print money.
• 21:10
  So he created something that would essentially protect
• 21:13
  anybody that's holding the asset holding Bitcoin.
• 21:17
  It will essentially protect you from this Fiat debasement that
• 21:21
  in he knew was going to come. And and it just goes down to
• 21:25
  incentives. Like imagine if you had a money
• 21:27
  printer, Imagine the power of the money printer that the power
• 21:31
  that it would give you to buy you votes, the power that it
• 21:34
  would give you essentially, look, if you want to go to war
• 21:36
  with the country, you can do that.
• 21:38
  You can just print money, right? It's it's it's a God like power.
• 21:42
  I don't think anyone deserves it.
• 21:44
  I think Satoshi inherently knew that.
• 21:46
  Look, it doesn't matter how moral you are, how much
• 21:49
  integrity you have. It doesn't matter.
• 21:51
  You go in there and you're like, look, I want to, you know, lower
• 21:54
  the, the, the federal deficit doesn't matter.
• 21:57
  As long as the money printer is there, as long as politicians,
• 22:00
  as long as the government has the ability to essentially print
• 22:04
  money, create money for free that everyone else has to work
• 22:07
  for, they're inevitably going to use it.
• 22:09
  And what Opti has identified is I think we might be seeing the
• 22:13
  first innings of the big print. And if you're sitting in
• 22:18
  Bitcoin, you're in a very, very what?
• 22:21
  You're very, very well positioned man.
• 22:24
  So, yeah, regardless of how much politics Jerome Powell has
• 22:28
  played, Arthur Hayes absolutely nailed it here.
• 22:32
  He absolutely nailed it here. He predicted it in this article
• 22:36
  couple months ago. We read it to you guys.
• 22:37
  He said, listen, doesn't matter how much Powell wants to play
• 22:40
  politics, like it doesn't matter how much he hates the Trump
• 22:43
  administration, he's going to have his.
• 22:45
  He's going to have his hand forced and he's going to have to
• 22:48
  turn on that money printer. And again, if you're sitting in
• 22:51
  assets, you're going to benefit from this.
• 22:53
  And it's an absolute tragedy, man.
• 22:55
  If you're in the lower middle classes, you're living paycheck
• 22:58
  to paycheck. You're not putting at least some
• 23:00
  of that into Bitcoin. You're going to get absolutely
• 23:02
  wrecked again. Your salary is getting debased.
• 23:05
  Look, guys, the the honest truth is, is if you're not making 10
• 23:09
  to 15% more than you were last year, you're actually making
• 23:14
  less money in terms of purchasing power.
• 23:16
  You might have gotten that bump salary wise, maybe that five,
• 23:20
  that 3 to 5% bump salary wise. But if you actually take into
• 23:24
  account true inflation, which you know, they say it's 2 and
• 23:28
  3%, but I would really say it's like 10 to 15%, you're actually
• 23:32
  making less than what you're making last year.
• 23:35
  And actually leads me to what we're going to talk about during
• 23:37
  the news segment. Very, very powerful clip from
• 23:40
  Steve Bannon on the Financial Times.
• 23:42
  And he's basically making the case that look like if you're in
• 23:45
  the younger generations, you're you're nothing more than a
• 23:47
  Russian serf. You can't afford anything.
• 23:49
  You can't plan for the future. And imagine all the nihilism
• 23:52
  that comes with that. You know, that short term
• 23:55
  thinking, that short term pleasure seeking because you
• 23:57
  have no hope for the future. Bitcoin restores that hope.
• 24:01
  And we're on the verge of, I think, a money printing
• 24:04
  extravaganza the world has never seen before.
• 24:08
  Yeah, Nico, before we move on though, I do want to add a few a
• 24:11
  few things here first. You know, Arthur Hayes is
• 24:13
  probably one of the best writers in the whole Bitcoin space
• 24:16
  period. He like, you know, you can argue
• 24:19
  about with Bitmex and you know, the leveraging shit coin casino
• 24:23
  all you want, but his analysis on these markets have been very
• 24:27
  on point for years at this point.
• 24:29
  He's one of the best writers. He he highly recommend you go
• 24:33
  check out his work. The second thing is, I, I'm not
• 24:37
  the creator of this idea, but I, I think I first heard it from
• 24:40
  our boy Nolan over there at the Great Awakening.
• 24:43
  And he has this, I wouldn't say conspiracy theories, but one of
• 24:46
  his favorite theories is the, the reason that Satoshi Nakamoto
• 24:50
  picked a pseudonym as a Japanese character was essentially to
• 24:54
  give a nod to the US bond markets and basically saying,
• 24:58
  look, if you guys don't get your stuff together, you are
• 25:01
  essentially going to turn into Japan.
• 25:04
  And as we're seeing right now, the Prime Minister of Japan just
• 25:07
  stated, we are in a worse financial position than Greece
• 25:11
  was. And we all know what happened
• 25:13
  when that blew up. So there is a lot of signal
• 25:16
  here. And you know, as we like to say,
• 25:17
  there's probably no coincidences or what's that?
• 25:20
  What's the mean mini code? There is no.
• 25:23
  There's no, there's no, there's no conspiracies, but there's
• 25:25
  also no coincidences. Speaking of Japan, it's so funny
• 25:28
  seeing the BBC article by Arthur Hayes right in the beginning.
• 25:33
  It says Jerome Powell and he, Roki Kuruda became fast friends
• 25:39
  within the global central banking circuit.
• 25:42
  Kuruda's term as governor of the Bank of Japan ended a few years
• 25:45
  ago, and Powell often calls him for advice or just a chitchat.
• 25:50
  Powell has a very tumultuous meeting with the new US Treasury
• 25:54
  Secretary, Scott Bessett, in early March of this year.
• 25:57
  It mentally scarred him, and he needed someone to talk to.
• 26:00
  Let's listen in. Right?
• 26:02
  And he kind of just like memes. This, you know, the whole thing.
• 26:05
  This is an amazing article. Is US bond market and Japanese
• 26:11
  bond markets are like this guy. So if there's problems in the
• 26:15
  Japanese bond markets, you best believe that there is, you know,
• 26:19
  smoke and problems in the US bond market.
• 26:22
  And you know, we don't wish this on anyone, but This is why we
• 26:25
  try to come out here every single day and be like, look,
• 26:28
  how many different data points and vantage points do we have to
• 26:30
  show you that it's all leading to Bitcoin.
• 26:33
  And what we're seeing right now is, is directly leading to
• 26:37
  Bitcoin at this point. So you know, you might want to
• 26:40
  get some because your life will depend on it at this point if
• 26:43
  things really go South. Absolutely.
• 26:45
  I do see some comments also too regardingly regarding what I
• 26:49
  claimed. So we have someone kick all he
• 26:52
  says annual and two growth is 6 to 7%.
• 26:55
  Where is this 10 to 15% inflation idea coming from?
• 26:58
  Also seems like someone else agreed as well.
• 27:01
  My leg says, but coming up with another random number like 10 to
• 27:04
  15% for true inflation seems also kind.
• 27:07
  I get it, I get it. It seems like, oh, you know,
• 27:10
  that's that's a pretty crazy number.
• 27:11
  Look, guys, if you just add it, you know, if you just kind of
• 27:15
  add like combine it, the real estate prices in Miami, for
• 27:22
  example, or any of any of the major cities in the United
• 27:24
  States in 2020, Opti, could you pull up the M2 money supply
• 27:28
  please? Yeah, one second.
• 27:31
  If in also, I think they provide the real estate data as well,
• 27:34
  right, 'cause like when you, when, when and remember guys
• 27:38
  like when if you take a look at the official CPI numbers that
• 27:42
  they provide, they continuously change those numbers and they
• 27:46
  can they, they leave certain things out to present a better
• 27:50
  number than what it actually is. So you see that giant like move
• 27:55
  up and then it just kind of continues and it just continues
• 27:58
  to. And then again, you know, we
• 28:00
  entered a period of quote UN quote quantitative tightening
• 28:03
  and all it did is just as that little hump and then we're going
• 28:06
  back up again essentially. So, yeah, I mean, look, the
• 28:09
  reality is that within the span of a year, real estate prices
• 28:13
  doubled in major U.S. cities. Now, was it because the prices
• 28:19
  of homes, the value of those homes doubled?
• 28:22
  No, this was inflation, right? So you have to take that into
• 28:26
  account, right? So if you're believing, you
• 28:29
  know, what they're selling, essentially that, OK, you know,
• 28:33
  inflation was 10%. In 20/20, it was 8%.
• 28:37
  In 20/21, it was 5%. That doesn't add up to 100,
• 28:41
  right? But it, it, it doesn't make
• 28:43
  sense. Like if you actually take a look
• 28:45
  at food prices, like like don't take my word for it, like don't
• 28:49
  trust verify. Look at this yourself.
• 28:51
  Like look at how much life was cheaper back in 2020 compared to
• 28:58
  how it is today in terms of real estate, in terms of energy, in
• 29:01
  terms of groceries, in terms of everything.
• 29:05
  And then also take into account shrink flation.
• 29:09
  So the quality of goods essentially decreasing.
• 29:12
  Like for example, me and Opti have these Rd. casters, right?
• 29:15
  This is how send these sound boards that essentially we use
• 29:20
  to broadcast to you guys. We have version ones of these
• 29:23
  boards. I actually got version two of
• 29:26
  the board 'cause I was like, oh great, this is an update.
• 29:28
  You know, it's the version 2 of this board.
• 29:30
  It's actually worst quality. It's made of plastic.
• 29:33
  It doesn't function as well. And you see this all over the
• 29:37
  place. Don't take my word for it.
• 29:39
  Look, look around you, you see the quality of goods decreasing.
• 29:43
  So when I talk about 10 to 15% inflation, that's what I'm
• 29:48
  taking to account. I'm taking account the the price
• 29:50
  of real estate going up, the quality of goods going down, the
• 29:54
  cost of energy going up, the cost of food going up.
• 29:58
  I used to order Uber Eats back in the day, like say a couple
• 30:01
  years ago, right? You know, it'd be like OK, $20
• 30:05
  plus the fees and be like $25. You order an Uber Eats for a
• 30:09
  single person from a decent restaurant right now.
• 30:11
  It's like $36 in AUS city, right?
• 30:15
  What's the minute? What's the, the, the, the
• 30:18
  minimum salary. So again, I don't believe the
• 30:20
  inflation numbers. Now, does that mean it's exactly
• 30:23
  10 to 15%? No, but is it 3%?
• 30:28
  Is it 8% like they say? Absolutely not.
• 30:31
  And if you aggregate it together, I mean, the price of
• 30:35
  real estate doubled within a year, you know what that does to
• 30:39
  a society. And again, it's not because the
• 30:42
  actual value of that real estate has doubled, it's because they
• 30:46
  literally added more money to the supply.
• 30:50
  That's literally it. And again, if you are not
• 30:53
  sitting in assets, if you're not sitting in Bitcoin or real
• 30:57
  estate or gold, you are getting wrecked, which is the, the
• 31:01
  majority of society. So again, I don't believe these
• 31:06
  inflation numbers and, and it's, and this is this, by the way,
• 31:09
  this is, this is something that you don't trust me.
• 31:11
  You can verify this yourself. You can continuously see how
• 31:16
  they manipulate the CPI numbers. They change them, they change
• 31:21
  the variables that they include into them, right?
• 31:24
  Why do they do that? Again, they're trying to present
• 31:28
  you something that's not real. Look, the biggest SIOP of the
• 31:32
  last century, I would say, was the SIOP of inflation.
• 31:36
  It was the SIOP of essentially convincing the humanity that
• 31:41
  somehow money has to lose purchasing power in order to
• 31:47
  function. And that great evil is what
• 31:50
  essentially has stolen from our generation, the younger
• 31:55
  generation. And as essentially it's enabled
• 31:58
  wars back in the middle, back in the Middle Ages, when a king
• 32:03
  wanted to fight a war, as soon as he ran out of gold, the war
• 32:06
  would end. Essentially Fiat fuels endless
• 32:10
  wars because they don't have to go to the population and say,
• 32:13
  hey, guys, listen, we got to we got to build another aircraft
• 32:17
  carrier. We got to build more tanks.
• 32:19
  So we got to increase your income.
• 32:20
  No, no, no, they don't have to do that.
• 32:22
  All they have to do is just print the difference.
• 32:24
  And it's the sinister tax because no one's, no one's aware
• 32:28
  of it. No one, no one is aware they're,
• 32:30
  they're, they're getting taxed. No one is aware of that, right?
• 32:34
  That's the, that's the great evil of inflation, right?
• 32:37
  It is taxation via debasement. And it's our job to really,
• 32:41
  really point it out. Hey wait, you go 11 last one
• 32:44
  last trolley indicator of shrink inflation and inflation I just
• 32:48
  saw recently is I don't know if you guys noticed, but Chipotle
• 32:51
  bowls got smaller and more expensive.
• 32:55
  Absolutely devastated here. It's.
• 32:58
  Like bowls are smaller. It's it's everywhere you like.
• 33:01
  Once I pointed out it's everywhere.
• 33:03
  Shrink freight, shrink flation is everywhere.
• 33:05
  And it's a way of companies to try to keep the price at the
• 33:08
  same level, right? But they have to lower the
• 33:11
  quality of good. But you'll notice this
• 33:13
  everywhere. Like it, like what inflation has
• 33:16
  done to society over the last 100 years.
• 33:19
  That rabbit hole is deep. Like the Ron Paul quote, you
• 33:23
  know, really, really resonates, right?
• 33:25
  It's not a coincidence that the history, the, the century of
• 33:28
  central banking was the bloodiest century in human
• 33:30
  history. And Fiat money enables war, Fiat
• 33:34
  money enables theft on on a grand scale.
• 33:37
  And because people are just not educated about it, right, they
• 33:41
  don't notice it. And it's like you're not only
• 33:44
  just paying income tax, you're not only paying sales tax, but
• 33:48
  you're also playing the money tax.
• 33:50
  I feel like the money tax is the most sinister, it is the most
• 33:54
  harmful and is the biggest crime that it was committed in the
• 33:58
  last century. And here's the thing, Bitcoin
• 34:00
  fixes this and you can opt out of this money today.
• 34:04
  Anyways guys, going to be a great show.
• 34:05
  We have tons to cover before we get to it.
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  All right everybody, at the time of recording, the Bitcoin price
• 37:26
  is $105,520 block high at 897,431 SAT's per dollar.
• 37:34
  Under 1000, we're sitting pretty at 948.
• 37:37
  Market cap 2.1 trillion Bitcoin versus gold market cap 9.18%
• 37:44
  percentage issued 94.6% decline from all time high.
• 37:47
  Oh, just a little bit guys. If you buy Bitcoin right now,
• 37:50
  you're getting it at a 3.3% discount.
• 37:53
  Realize monetary inflation .84% continuing to take Fiat
• 37:56
  currencies to absolute school. Anyways, I saw a really, really
• 38:00
  cool clip by Lynn Alden on the What Bitcoin Did podcast hosted
• 38:05
  by Danny Knowles. So let's check it out and then
• 38:08
  me and Opti, we'll talk about it.
• 38:11
  I don't know if you've not been on Twitter for a while, Lynn,
• 38:13
  but Bitcoins priced in teeth. Yeah, that was one of the most
• 38:20
  frustrating things I've ever seen.
• 38:21
  I can't believe people are comparing bitcoins teeth in
• 38:23
  2025. I'm bullish on it because it
• 38:25
  shows that it's still just poorly understood.
• 38:28
  If everyone understood it and this was the price, it'd be
• 38:30
  like, was this, is this how far we're getting?
• 38:32
  But the fact that so many people still don't understand it, I'm
• 38:34
  like, well, that's why we're only this far.
• 38:36
  That's why, that's why bitcoins worth 2.2%.
• 38:39
  So 0.2% of global assets roughly are bitcoins equal to that
• 38:43
  value. Gold's 2%.
• 38:45
  And that's partially wise because people are still like,
• 38:47
  well, my teeth are scarce. Why aren't they worth billions?
• 38:50
  It's like, well, because they're not part of a, a dominant
• 38:52
  network effect, fungible protocol.
• 38:56
  You know, it's like it's like, why isn't my little pet like
• 39:00
  protocol competing with Simple Mail Transfer Protocol or USB?
• 39:04
  Because it's not Even so. I mean, I think that's a signal
• 39:09
  right there. I'm going to kind of open it up
• 39:11
  to me and Opti, right? Yeah, no one's excited, right?
• 39:15
  You know, and I and I kept tweet, I kept posting last
• 39:18
  night, by the way, when we hit one O 7.
• 39:20
  By the way, Josh Mandel, highly recommend following that
• 39:23
  account. That guy's the lease on a gayeeb
• 39:25
  of this cycle, man. Predicting it, predicting what's
• 39:28
  No, no, no, no, no. But last night he was like,
• 39:31
  look, we're going to hit one O 7, then we're going to go back
• 39:33
  to one O 3. OK, I missed that.
• 39:35
  So like what I'm trying to say is, yeah, no, of course we've
• 39:39
  normalized in our head guys. 100 KS is is that's so that's
• 39:43
  whatever, you know, I'll, I'll start to feel something.
• 39:45
  I'll start to feel alive again, maybe at 120 before that, you
• 39:53
  know? I'm with anyways.
• 39:56
  Go, I want to go. I want to double back to what
• 39:58
  Lynn was saying because she was dropping signal there.
• 40:01
  Look. The reality is that the world
• 40:03
  still doesn't know that Bitcoin is meant to go up forever.
• 40:06
  That is the opportunity. That is the opportunity you
• 40:09
  have. If the world knew this, you
• 40:12
  wouldn't have the opportunity. You wouldn't have the multiple.
• 40:15
  You wouldn't have, you know, a potential 10X in the next, you
• 40:18
  know, five years or so. You're never going to get those
• 40:21
  types of returns on anything else.
• 40:23
  That is as as a risk adjusted right, because you could always
• 40:28
  gamble, you know, on an altcoin and this is that.
• 40:31
  But if you want something that's, you know, basically a
• 40:35
  sure thing at this point, right? It's obviously Bitcoin.
• 40:39
  And another another thing that I'll say as well is like when
• 40:44
  you start to see countries like El Salvador, countries like, you
• 40:49
  know, Burma or sorry, not Burma, Bhutan, when you start to see
• 40:55
  Wall Street players, you know, mimic the micro strategy or the
• 40:59
  strategy, the the, the strategy, strategy that tells you
• 41:04
  everything you need to know, right.
• 41:05
  When the United States government is basically
• 41:08
  announcing to the world via their X account that they have
• 41:11
  every intention to essentially make Bitcoin a strategic asset
• 41:16
  for the United States government, that tells you
• 41:18
  everything you need to know. Mind you, we have not made all
• 41:21
  time high since all these things have happened, right?
• 41:24
  So the hash rate has hit all time highs. the US government
• 41:28
  has announced the world. We have every intention to make
• 41:31
  Bitcoin a strategic reserve. You have essentially every bank.
• 41:36
  Opti just broke the news, including Jamie Dimon's bank
• 41:38
  announcing, hey, we're going to offer spot Bitcoin to our
• 41:41
  clients. Why is that happening?
• 41:45
  That's not happening because Jamie Dimon has changed his mind
• 41:47
  on Bitcoin. That's happening because there's
• 41:50
  demand in those banks and those banks know that if they don't
• 41:55
  offer that to their clients, they potentially risk losing
• 41:59
  their clients, right? And we have not made all time
• 42:03
  highs since Inauguration Day. Inauguration Day, we hit one O
• 42:08
  9. We have not gone back to one O 9
• 42:11
  even after all of these. All of this news has broken in
• 42:14
  the last four months. So I've I've been saying this,
• 42:17
  this whole cycle, this has been the most bullish cycle from a
• 42:21
  from a news perspective, but one of the most bearish cycles from
• 42:25
  a price action perspective. But I suspect it's only a matter
• 42:30
  of time before the price action catches up and then we enter the
• 42:34
  banana zone. So I think that's what Lynn
• 42:37
  Alden was saying, right? Kind of making jokes of the FT
• 42:40
  documentary about the lady. I can't believe they aired that.
• 42:44
  I just made them look kind of dumb, but like the FT lady was
• 42:48
  basically like look like, you know, my ski, my teeth are
• 42:51
  scarce, you know, like I want to take my advice on this because
• 42:55
  I've been wrong. But she I don't know, I just
• 42:58
  don't like how she presented it. But the point is, is that that's
• 43:02
  a good thing for you because if everyone knew about Bitcoin,
• 43:06
  then, hey, guess what? You know, we'd be at $1,000,000
• 43:10
  by now. We'd be at $5,000,000 by now.
• 43:13
  People still don't know. People are figuring it out.
• 43:16
  If you look, if you pay attention to all the signs, it's
• 43:19
  incredibly obvious that the train is leaving.
• 43:21
  I would say the train is left the station, but you could still
• 43:24
  run and jump on to the caboose. The caboose is the, the last,
• 43:30
  the last train on the train, right?
• 43:32
  You could still jump on to the caboose, but the train has left
• 43:36
  the station. It's it's moving, but it's still
• 43:38
  slow enough for you to jump on, right?
• 43:42
  Anyways, Opti, what's your take? Yeah, I mean I think Lynn's
• 43:46
  right here and my take is is just as simple and I know it's
• 43:50
  cliche at this point, but we are still so early to Bitcoin.
• 43:54
  It it more day we though we are totally still early to Bitcoin.
• 43:58
  Day by day it becomes more obvious to me that we are still
• 44:01
  early when the popular culture, mainstream narratives around
• 44:04
  Bitcoin is my teeth are scarce. Why isn't it worth a billion
• 44:07
  dollars? It's like either one, some
• 44:10
  people just can't be saved or two, you know, maybe Bitcoin is
• 44:13
  super complicated for these people to understand, which just
• 44:16
  goes to show we are still early. Yes, 100K Bitcoin is kind of
• 44:20
  like an expensive pipe dream at some point, you know, 10 years
• 44:23
  ago. But if some of this mass starts
• 44:26
  playing out, you know, buying Bitcoin at 100K and it's going
• 44:29
  to millions. I don't know about you, but it
• 44:32
  still sounds early to me, Nico. Yeah, I mean it's early
• 44:36
  depending on your on your time frame, right.
• 44:38
  You know like if Michael Saylor's prediction, his twenty
• 44:41
  year prediction from now, right, twenty 4520 years from now, $13
• 44:45
  million Bitcoin, you can get $13 million for $105,000 right now.
• 44:50
  That's a hell of a deal, right? Sounds like a good trade to.
• 44:52
  Me, but it it depends on how you're looking at it, right?
• 44:55
  Depends on what your time preference is.
• 44:57
  But I think Lynn, you know, as she always does a bit of wisdom,
• 45:01
  a bit of wisdom there, right? I just don't think people have
• 45:05
  have realized this. And something else I'll say as
• 45:07
  well. Shout out to the live stream, by
• 45:09
  the way, absolutely popping off today 2700 over you guys
• 45:12
  watching live on X 660. Seventy 675 of you guys watching
• 45:18
  live on YouTube and Rumble coming in strong at 71 live
• 45:22
  viewers. So if you guys are enjoying the
• 45:23
  show so far, make sure to smash that like button.
• 45:26
  We're already 162 likes on YouTube.
• 45:29
  Help us break 200 likes by the next segment.
• 45:31
  So smash that like button. And guys, if you guys are
• 45:33
  enjoying the content, really, really helps with the algos.
• 45:36
  But yeah, I mean, look, I think Lynn Alden absolutely hit the
• 45:40
  nail on the head. There's something that we've
• 45:42
  been saying for quite a while. I still, I look, guys, I don't
• 45:45
  think the world, I don't think the majority.
• 45:48
  Look, if you guys are on the street and you're crossing the
• 45:51
  sidewalk or you guys are in traffic and you look around, you
• 45:55
  look at the cars, what percentage of you guys do you
• 45:58
  think those, what percentage of those people do you think own
• 46:00
  Bitcoin, right? Like just use your common sense,
• 46:03
  use your intuition. It's not that high, right?
• 46:08
  If that number gets to like 5060%, we're at $1,000,000 per
• 46:12
  coin, right? So I.
• 46:13
  Would say higher. I would say way.
• 46:15
  Higher So like you just really you guys have to understand
• 46:18
  where we are in the movie, where we are in the adoption phase.
• 46:21
  And again, if you look at all the news and you take the news
• 46:25
  at face value and you know, I agree with Adam Back, I agree
• 46:29
  with Samson. Now, I think we're underpriced,
• 46:31
  you know? But look, Bitcoin's like a beach
• 46:33
  ball right now. You could put it underwater for
• 46:35
  so long, but as soon as you let that go, that thing's gonna
• 46:38
  explode, right? So anyways, guys, it's gonna be
• 46:40
  an incredible show. We still have lots to cover.
• 46:42
  I have a clip from Steve Bannon and essentially he describing,
• 46:47
  you know, situation that Opti and I cover a lot, right, 'cause
• 46:51
  it's just our generation, right? You know, the simply Bitcoin is
• 46:54
  kind of like, you know, the members here at Simply Bitcoin
• 46:58
  where, you know, we're a mix of millennials and, and zoomers and
• 47:02
  we know our audience is full of Gen.
• 47:04
  Xers and boomers and all that. But you know, this is something
• 47:07
  obviously that plays close to me and Opti's heart, obviously, you
• 47:11
  know, as as people that got really, really screwed during
• 47:14
  the 2008 financial crisis. You know, I think Steve Bannon
• 47:18
  really hits nail on the head in terms of this next clip that
• 47:21
  we're going to play for you guys.
• 47:22
  And then we're going to go through this website called What
• 47:25
  the F Happened in 1971, which again, kind of connecting it
• 47:29
  with what I was saying in the beginning of the show regarding
• 47:31
  inflation, right, guys? Inflation and essentially the
• 47:36
  disconnection from sound money has really, really screwed up
• 47:41
  society in many, many different ways.
• 47:43
  I, I could even make the argument, depending on where you
• 47:46
  are in the rabbit hole, that essentially I think that you can
• 47:49
  make an argument that Fiat money has spiritually corrupted
• 47:53
  society. I think a lot of the moral
• 47:55
  decay, I'll think a lot of the madness that you see in the
• 47:57
  world today could be directly pointed to the fact that
• 48:01
  politicians and people literally believe that money could be
• 48:04
  printed out of thin air, right? Without, without working,
• 48:08
  without producing anything, Just we can print money and just pay
• 48:11
  for everything. And if that were the case, you
• 48:13
  know, Zimbabwe would be one of the wealthiest countries on the
• 48:16
  fate on the place of the earth right now.
• 48:18
  But they're not. That's not how money works,
• 48:20
  right? The reason that the US
• 48:22
  government is able to get away with it is because they are the
• 48:25
  global reserve currency, because they are the global reserve
• 48:28
  currency essentially, a lot of other countries are holding
• 48:32
  dollars. They're essentially able to
• 48:34
  print a lot more than they normally would be able to
• 48:37
  without turning into Argentina, right?
• 48:40
  So is that sustainable long term?
• 48:42
  No, that's not sustainable at all.
• 48:44
  But again, this is a good thing if you're holding Bitcoin
• 48:48
  because if you're holding Bitcoin again, when they
• 48:50
  inevitably do the big print or Larry Leopard says if you're
• 48:54
  holding Bitcoin, it's going to go to the absolute moon.
• 48:57
  Anyways, guys, before we move on to the next segment, I do want
• 49:00
  to give a very special shout out to our limited edition merch
• 49:05
  that just dropped. It's selling out.
• 49:07
  Get yours while supplies last guys, it's it's comfortable,
• 49:12
  it's stylish. This isn't drop ship.
• 49:15
  We literally buy the merch beforehand.
• 49:18
  We hold it in inventory and we ship it directly to you guys.
• 49:22
  It has custom custom labeling. The hoodie is incredibly
• 49:26
  comfortable. You can wear it everyday.
• 49:28
  It's the type of hoodie that you don't want to put it put into
• 49:31
  the washer because it will get rid of that original
• 49:34
  comfortness. So guys, if you want to support
• 49:37
  the show, of course, stack some sacks first.
• 49:40
  Head over to simplybitcoin.com today and check out the latest
• 49:44
  collection of merch. Really, really helps us.
• 49:46
  Anyways, guys, let's move on to the news.
• 49:48
  We have tons to cover. We'll be right back.
• 49:51
  I want to give a shout out to our sponsor Casa.
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• 52:00
  All right, everybody, we are back and this is Opti and he is
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  Head over to coldcard.com today. All right everybody, before we
• 52:47
  show off the website, what the F happened in 1971?
• 52:51
  I do want to play you guys this clip again.
• 52:53
  It really, really resonated with me with first time I saw it.
• 52:56
  Let's check it out. That's not We haven't done this
• 52:59
  for 14 generations. To leave it like that that.
• 53:02
  Has to be changed. We have to change.
• 53:03
  That and yes, this people want to come over here and emigrate.
• 53:07
  There's a system for that. And we're not going to shut that
• 53:09
  down. I think we have to shut down the
• 53:10
  scams or these visas right now to give priority to American
• 53:13
  citizens. And yes, we can get back to a
• 53:16
  situation where you have one provider was the husband or the
• 53:20
  wife, the other is at home and you can raise kids like we used
• 53:24
  to raise kids in this country with hands on from their
• 53:26
  parents. And that's where we're going to
• 53:27
  turn this country around. And if you and.
• 53:29
  If you're going to laugh and mock it, that's fine.
• 53:30
  Laugh and mock it. But that's what.
• 53:35
  So another thing like let's talk about that, right?
• 53:39
  Let's put all the political things aside and let's talk
• 53:43
  about the aspect in terms of how come back in the day you used to
• 53:49
  be able to essentially provide for your family with one income
• 53:54
  and there was dignity to it, right?
• 53:57
  So put the immigration, put all that set aside.
• 54:00
  That's not this type of show. It's not you guys tuned into the
• 54:03
  wrong show. If you guys are looking for the
• 54:05
  political talk, we're at the money talk, right?
• 54:08
  How come 30 years ago, 40 years ago used to be one parent?
• 54:15
  I don't care whether it's the the wife or the husband or the
• 54:18
  husband and that doesn't matter to me.
• 54:19
  That doesn't, again, not the type of show, but how come 20 or
• 54:24
  30 years ago you had one parent, they'd be able to go to work and
• 54:30
  provide a living for the family? How come, how come that that was
• 54:36
  the norm? How come now the norm is both
• 54:40
  parents have to go to work to provide for their family just to
• 54:47
  live a lower middle class lifestyle?
• 54:51
  If society as a whole has gotten wealthier, productivity advances
• 54:56
  have gotten wealthier, how come we've gotten poorer?
• 55:01
  It's undeniable. It's undeniable where I think
• 55:06
  Bannon is wrong and where I think Trump is wrong.
• 55:10
  Is the solution right? Because we already have a
• 55:13
  solution to this. The solution is switch to a
• 55:15
  Bitcoin standard, do it for like 2 cycles and I promise you,
• 55:21
  you're going to be free compared to, you know, the people around
• 55:25
  you, right? So let's have this conversation.
• 55:27
  It's a very difficult conversation, but we're going to
• 55:29
  continue to harp on it and I'm going to show you guys this
• 55:33
  website called what the F happened in 1971, right?
• 55:37
  So what Bannon's talking about. And again, I think he has like a
• 55:42
  like a blind spot, you know, because again, he's looking at
• 55:45
  it from like what is Opti call it the the MAGA movement thing.
• 55:50
  I I don't know if I could say it on the show, but.
• 55:52
  But you know, I think he has a he has a blind spot to it 'cause
• 55:55
  he's looking at it from OK, like if we, if you vote harder, you
• 55:59
  know, we can solve this as bitcoiners again, we under we
• 56:05
  fundamentally understand even with Elon going in there, Elon
• 56:09
  Musk, OK, one of the most competent people on the face of
• 56:13
  the planet. Dude literally invented self
• 56:15
  landing rockets, OK. And self driving cars literally
• 56:20
  could only cut the deficit. I think it was like 150 billion.
• 56:23
  His goal was a trillion. And he got so much political
• 56:26
  pushback, like people started setting his cars on fire that
• 56:31
  essentially he had to walk it back, right?
• 56:35
  And this is where Bitcoiners understand this.
• 56:37
  The system is so broken, it's so addicted to Fiat money that if
• 56:45
  you go in there, it's like a political death sentence, like
• 56:49
  you're putting a giant target on your back because people are
• 56:53
  addicted to this Fiat money, and rightly so.
• 56:55
  Like, could you imagine if you go in there, like put the ethics
• 56:59
  aside of it, right? You're essentially benefiting
• 57:02
  from this printed money, right? And you go in there and someone
• 57:07
  tries to change it, quote UN quote, cut cost.
• 57:10
  You're essentially looking at it like someone's trying to attack
• 57:13
  your livelihood, right? Like it, it, it messes up
• 57:17
  incentives, right? But let's get back to what he
• 57:21
  was saying, right? Like, oh, let's, let's get back
• 57:24
  society to the situation where essentially one parent, whether
• 57:28
  it's the mother or the father, I don't know, I'll let you guys
• 57:30
  decide. Goes out, works and then one
• 57:34
  stays home, takes care of the kids.
• 57:37
  Or let's say you both want to work.
• 57:38
  That's cool too, right? But how can we live in this
• 57:42
  society that since the 1970s, right, since the 70s,
• 57:49
  essentially, we've had to work harder and harder and harder,
• 57:53
  but we've received less? Well, let's take a look at some
• 57:55
  of the data, shall we? So this website's called what
• 57:59
  the F happened in 1971. As you've seen, as you can
• 58:02
  notice what I've been telling you, productivity has increased,
• 58:06
  right? But compensation essentially has
• 58:09
  remained flat. What happened in 1971?
• 58:13
  Well, that's when the great Fiat experiment started.
• 58:15
  That's when Richard Nixon took us off the gold standard.
• 58:19
  But it keeps going because you could say, all right, Nico,
• 58:21
  like, you know, that's happenstance.
• 58:23
  Whatever. What about real GDP, real wages
• 58:26
  and trade policies? So real GDP, real GDP per FTE,
• 58:31
  real wage, average wage, real median weekly earnings of full
• 58:36
  time workers. Look at that.
• 58:39
  It's literally been flat. How about income gains widely
• 58:43
  shared in early post war decades, but not since then.
• 58:47
  So again, like everyone has been getting wealthier.
• 58:51
  So like the lower class, the middle class, the upper class,
• 58:53
  everyone's getting wealthier. And then in 1971, essentially
• 58:57
  the rich have gotten significantly richer and the
• 59:01
  poor in the middle class, essentially it's it's gone
• 59:03
  sideways. And you feel that that's the
• 59:06
  wealth inequality. That's why you can't afford
• 59:09
  homes. That's why rent is so high.
• 59:11
  This is literally why it's Fiat money.
• 59:13
  It's broken the system. So it keeps going right.
• 59:18
  Relentless 50 year decline in wages, share of the economy's
• 59:22
  total income. Again, look at the date 1971
• 59:28
  United States Gini ratio for families.
• 59:31
  Higher equals more unequal income inequality, right?
• 59:35
  Again, started in 1971 and it keeps going.
• 59:40
  Real GDP per capita, medium male income again, right?
• 59:45
  So GDP goes higher, country gets richer, but the income of the
• 59:50
  average person stays the same. America has become a nation of
• 59:55
  dual income working couples. This is what Steve Bannon was
• 59:58
  talking about. And I'll and I'll leave it here,
• 1:00:00
  right. So again, since 1971, it was
• 1:00:06
  both spouses working, right? So it went up from 47% to 66%.
• 1:00:14
  And then husband only working, it was 38%.
• 1:00:18
  It's gone down to 21%. So.
• 1:00:22
  What's happened? Like, what is going on here?
• 1:00:25
  It's the broken money, right? So don't let them swindle you
• 1:00:29
  into the political solution, right?
• 1:00:32
  The political solution is, if Elon couldn't do it, what makes
• 1:00:38
  you think it's not possible? The system is so corrupt, so
• 1:00:42
  broken, the incentives are so misaligned.
• 1:00:45
  You can't fix it from within. You have to opt out of it
• 1:00:49
  entirely. And what's awesome about Bitcoin
• 1:00:52
  is that even though I've pointed out all these problems to you
• 1:00:55
  and it might be slightly depressing and I get it, like
• 1:00:59
  here's the thing, you can essentially opt out and start
• 1:01:04
  saving in Bitcoin and you don't have to wait on who goes, who
• 1:01:07
  gets into office. That's that's not to mean that
• 1:01:10
  voting isn't important. It's voting's important.
• 1:01:14
  We got Ross free. We got essentially operation
• 1:01:17
  choke .2 point O ended. You know the US government might
• 1:01:20
  pump our bags, which is dope right?
• 1:01:23
  So it's not to say it isn't it isn't important.
• 1:01:26
  It is important, but the most important vote you can make is
• 1:01:31
  the vote with your wallet. Vote with your wallet.
• 1:01:34
  Start saving in Bitcoin and start denominating your net
• 1:01:38
  worth in Bitcoin and see how much more your life improves.
• 1:01:43
  And that's my message here. So stop watching the political
• 1:01:47
  mumbo jumbo because that's it. It's a circus.
• 1:01:50
  It's a circus. This is how simply Bitcoin
• 1:01:53
  differentiates ourselves from all those political shows,
• 1:01:57
  whether they're on the right or the left.
• 1:01:59
  They don't have a solution for you.
• 1:02:01
  Their solution for you is to vote harder, Daddy.
• 1:02:04
  Our solution is vote with your wallet and your life will start
• 1:02:10
  improving. It's not an overnight thing.
• 1:02:12
  I'm not going to lie to you. This takes it takes years to
• 1:02:15
  transition to a Bitcoin standard, but at least we have a
• 1:02:18
  solution that works, right? And that's something that these
• 1:02:23
  political shows, they can't offer you the same thing they
• 1:02:27
  can say vote harder, daddy. If that were the case, how come
• 1:02:31
  things just get progressively worse regardless of what
• 1:02:35
  priority is in power for most people?
• 1:02:38
  The wealth inequality is caused by Fiat.
• 1:02:42
  The endless wars is caused by Fiat.
• 1:02:45
  The terrible food is caused by Fiat.
• 1:02:48
  Broken money, broken world. And I think this is even, this
• 1:02:52
  is even deeper. I think it goes down to a
• 1:02:54
  spiritual level where you can make an argument that Fiat money
• 1:02:58
  breaks the spirit. It's that effing deep.
• 1:03:01
  I, I look, don't, don't trust me.
• 1:03:05
  Verify yourself and you'll start to feel better.
• 1:03:09
  You'll you'll start to care about your health, you'll start
• 1:03:11
  to care about the future if you just switch to Bitcoin.
• 1:03:15
  Isn't that weird? Isn't that, isn't that
• 1:03:17
  interesting? Just because all of a sudden now
• 1:03:19
  you have money that allows you to dream and hope for the
• 1:03:23
  future. All of a sudden you start caring
• 1:03:25
  about yourself now. Could you imagine most of
• 1:03:27
  society is living like this short term thinking this
• 1:03:32
  nihilistic future? Bro that's depressing.
• 1:03:35
  Anyways, that's the end of my rant.
• 1:03:36
  Well, well, Nikka, we don't have to imagine it.
• 1:03:38
  We're literally living it in real time.
• 1:03:40
  It's literally where we are right now.
• 1:03:42
  Anyways, on on the point you were saying we did get a super
• 1:03:45
  chat by Vault Dweller. Thanks for the $2.00.
• 1:03:47
  And he goes after adopting a Bitcoin standard.
• 1:03:50
  My stress levels died. And further, we got one in the
• 1:03:53
  beginning. I can't pull it up right now
• 1:03:55
  Ron, but Ron P, thank you for the $5.
• 1:03:57
  Love you, bro. I think I I had some other stuff
• 1:04:02
  here, Nico, and it's exactly on point.
• 1:04:04
  So like, if people are taking this kind of like from the
• 1:04:07
  political angle, you know, they don't like Steve Bannon or
• 1:04:10
  whatever. I saw this come out this morning
• 1:04:12
  as well on CNBC and it's titled Why millennials feel broke
• 1:04:16
  despite rising Net worth. And they did a whole video on
• 1:04:20
  this topic of, you know, Gen. Z and millennials feeling broker
• 1:04:23
  than ever, even though, you know, quote on paper, our net
• 1:04:26
  worth is going up. And just a little blurb here.
• 1:04:28
  Gen. Z and Millennials are facing a
• 1:04:30
  financial paradox. Despite higher wages and a rise
• 1:04:32
  in net worth, many still live paycheck to paycheck.
• 1:04:35
  Watch the video to learn why and basically why buying a home or
• 1:04:40
  starting a family feel out of reach and how instability, debt
• 1:04:43
  and housing costs are forcing young adults to rethink what
• 1:04:46
  quote making it really means in today's economy.
• 1:04:49
  And to the point that Nico said where like both sides of the
• 1:04:52
  aisle really don't have a solution.
• 1:04:54
  And literally that by the end of the video, the solution was
• 1:04:56
  essentially, you're just going to like, have roommates and
• 1:04:59
  you're going to build a community and maybe one day
• 1:05:02
  you'll be able to save. And the big problem is, is, you
• 1:05:04
  know, people aren't saving because they're living paycheck
• 1:05:07
  to paycheck. And I watched the video and I
• 1:05:09
  came out of it and I was like, they didn't touch on Bitcoin at
• 1:05:12
  all. They did touch on saving, but
• 1:05:14
  saving and what? And if you're saving in dollars,
• 1:05:16
  there's no way to escape this. This is why we're always like
• 1:05:19
  saving Bitcoin. And further, we got this clip
• 1:05:22
  here coming out of the NYU business professor Scott
• 1:05:24
  Galloway. And he said, quote, the average
• 1:05:27
  70 year old is 72% wealthier than 40 years ago.
• 1:05:30
  And those under 40 are 24% less wealthy.
• 1:05:33
  Every major policy is a wealth transfer from the young to the
• 1:05:36
  old, the our generations, the younger generations and maybe
• 1:05:39
  even people that are and and boomers as well are being robbed
• 1:05:44
  in slow motion. And Bitcoin is the exit.
• 1:05:46
  Bitcoin is the fix. You want to get into a money or
• 1:05:50
  store your wealth in something that cannot be debased.
• 1:05:52
  So it really doesn't matter what side of the aisle you are
• 1:05:55
  looking at, what your, you know, flavor of choices.
• 1:05:58
  Everyone is touching on the same thing, but they don't have a
• 1:06:00
  solution to this. And of course, we are simply
• 1:06:03
  Bitcoin. Our solution is very simple.
• 1:06:05
  You just need to start saving in Bitcoin, taking it into custody,
• 1:06:09
  you know, providing value, living with below your means
• 1:06:12
  for, you know, a short time, couple of years and you will be
• 1:06:16
  able to call yourself out of this debt spiral.
• 1:06:19
  Like if you take anything away from this whole show is that
• 1:06:22
  there is a fundamental problem playing out right now.
• 1:06:25
  And a lot of people don't know what that problem is.
• 1:06:27
  And I don't necessarily think people need to understand fully
• 1:06:30
  what the problem is. I think a lot of people
• 1:06:32
  subconsciously feel it. They know there's a problem, but
• 1:06:36
  they just don't know that there's a solution.
• 1:06:38
  So you don't necessarily need to hit on, you know what what the
• 1:06:41
  exact point of the problem is. All you need to show them is the
• 1:06:44
  solution is Bitcoin and this is how we win is more people
• 1:06:47
  realizing whether they understand the nuance of the
• 1:06:51
  Fiat system or the nuances of Bitcoin.
• 1:06:54
  All they need to know is I need to save Bitcoin.
• 1:06:56
  This is how I preserve my wealth, my purchasing power, and
• 1:06:59
  this is how I can live a life that I want to live.
• 1:07:01
  No one on any side of the aisle is talking about Bitcoin as any
• 1:07:05
  viable solution to the biggest problem we are facing right now.
• 1:07:08
  Your money is trash. It is literally paper, toilet
• 1:07:12
  paper that we exchange, you know, for goods and survival.
• 1:07:16
  And no one can pinpoint that problem because they know if you
• 1:07:20
  talk about that problem, then the jig is up.
• 1:07:22
  Then people Start Stop trusting in the institutions and that's
• 1:07:27
  going to inevitably lead to Bitcoin as the trust and
• 1:07:31
  institutions crumble, Bitcoins going up.
• 1:07:33
  And this is how you know bitcoins going to continue to
• 1:07:36
  win because they're going to continue to do the same thing
• 1:07:38
  and expand the money supply, print more money, you're going
• 1:07:41
  to get broker, people are going to get more upset.
• 1:07:43
  So you need to protect yourself. That is the fundamental take
• 1:07:46
  away here. Look, guys, the The government
• 1:07:49
  isn't going to save you. The politician, whether he's on
• 1:07:54
  the right or the left, they're not going to save you.
• 1:07:56
  They're not going to make your life better.
• 1:07:58
  You yourself have the agency to make your life better through
• 1:08:03
  hard work and through saving The the scam that I would say the
• 1:08:09
  biggest crime that has been committed on humanity over the
• 1:08:13
  last 100 years is essentially taking away that hope from
• 1:08:18
  people, right? That look, most people don't
• 1:08:22
  want to trade. Most people don't want to
• 1:08:26
  speculate, but we live in a society where just to maintain
• 1:08:30
  your purchasing power, you're forced to invest.
• 1:08:33
  What bitcoiners are basically making the case for is like,
• 1:08:36
  look guys, do whatever you want. Focus on your craft, right, and
• 1:08:43
  save in Bitcoin and your life gets better over time.
• 1:08:47
  That's all we're saying. Don't trust us.
• 1:08:50
  I mean no. No, no, we are scamming you into
• 1:08:55
  profits. That's up to you, dude.
• 1:08:59
  That's up to you. That's up to you.
• 1:09:00
  I mean, you don't like, if you don't trust us, that's fine.
• 1:09:03
  That's fine. Like I, I like look, guys to
• 1:09:06
  keep tuning in to, to your favorite political talk show
• 1:09:09
  host and they can keep correctly identifying the problem.
• 1:09:13
  But I think we're one of the only live shows on a consistent
• 1:09:16
  basis. You can say we're political, you
• 1:09:19
  could say we're not political, Whatever you want to label this
• 1:09:21
  as. We're the like one of the only
• 1:09:24
  shows that is actually providing you a solution and explaining to
• 1:09:28
  you why the world is going mad. It is literally because of
• 1:09:33
  broken money. We'll be right back.
• 1:09:34
  We're going to hit the culture. I want to give a shout out to
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  our partner Hive Digital Technology.
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  We are back. All right, I got to, you know,
• 1:11:45
  this, this one's going to be kind of quick today, but I saw
• 1:11:47
  this interesting story last week and we've been obviously, you
• 1:11:51
  know, the Financial Times is talking about my teeth are
• 1:11:54
  scarce. What's this digital scarcity
• 1:11:56
  thing mean? Obviously a lot of people like
• 1:11:59
  gold bugs are talking about, hey, you know, gold scarce.
• 1:12:02
  It has a longer track record, But I don't know if you guys saw
• 1:12:05
  this and it's it's no cost to alarm here, but it is a very
• 1:12:09
  interesting story just highlighting the importance of
• 1:12:12
  digital scarcity, or rather the 21 million meme in particular.
• 1:12:16
  So I'm sure you guys saw this or maybe not, but scientists turned
• 1:12:19
  lead into gold for first time. And there's a caveat.
• 1:12:22
  Obviously the the cause for no concern is but only for a split
• 1:12:27
  second. So the Large Hadron Collider
• 1:12:29
  created 89,000 gold atoms per second.
• 1:12:32
  And obviously, as Bitcoiners were like, you know, you can't
• 1:12:35
  create more Bitcoin with the the with the Hadron Collider.
• 1:12:42
  And This is why Bitcoin is going to continue to go up.
• 1:12:44
  So just reading this a little bit and then we'll kind of chat
• 1:12:46
  about it and really talk about digital scarcity.
• 1:12:47
  That's what that's what it's really about.
• 1:12:49
  Like why the 21 million hard cap is so important.
• 1:12:52
  And obviously this isn't like huge news story.
• 1:12:55
  It's not like they're going to be printing kilos of gold yet,
• 1:12:57
  but I'm sure the technology might get there.
• 1:12:59
  So in a breakthrough that would make medieval alchemist envious,
• 1:13:03
  scientists at Europe's Large Hadron Collider have
• 1:13:05
  successfully transferred lead into gold.
• 1:13:07
  Literally like what The Alchemist were trying to do for,
• 1:13:11
  you know, centuries here, hundreds of years producing
• 1:13:14
  89,000 atoms per second. The team behind this discovery
• 1:13:18
  called Alice collaboration, using a unique way to create
• 1:13:21
  gold. Instead of crashing lead atoms
• 1:13:23
  head on, they looked at what happened when the atoms just
• 1:13:26
  barely miss each other. And researchers explained that
• 1:13:28
  when this happens, powerful electromagnetic fields around
• 1:13:31
  the atoms can cause them to change into different elements.
• 1:13:34
  Obviously, like it's, it's, it's a crazy, crazy scientific
• 1:13:39
  experiment. But the fact that they can
• 1:13:40
  create gold out of nothing, I think is going to eventually
• 1:13:44
  really destroy the scarcity meme around gold and really going to
• 1:13:49
  highlight the scarcity of Bitcoin.
• 1:13:50
  Who knows if they'll get there, you know, a year, five years or
• 1:13:54
  whatever. But we we know that, hey, as
• 1:13:57
  long as gold goes up in price, there will be incentives to
• 1:14:01
  create more gold. And now we have figured out a
• 1:14:03
  way to essentially do this for now on a small scale to create
• 1:14:08
  more gold. And we know what happens when
• 1:14:10
  something similar happened with diamonds.
• 1:14:12
  Once they figured out how to create diamonds, the market
• 1:14:15
  seems to have fallen out of the diamond premium.
• 1:14:17
  So here you just so you guys get some, you know, context and then
• 1:14:21
  we're not like click baiting here.
• 1:14:22
  But how much gold did they make during one period of experiments
• 1:14:24
  from 2015 to 2018? The scientists, we raised about
• 1:14:27
  86 billion gold atoms. And that sounds like a lot.
• 1:14:30
  But if you Add all that up, scientists said it only weighs
• 1:14:33
  about 29 picograms, which is less than a trillionth of a
• 1:14:37
  gram. And you need trillions of times
• 1:14:39
  more to make even a tiny piece of jewelry.
• 1:14:42
  So they haven't gotten to the point where they can create like
• 1:14:46
  gold bars here, but I think the fact that we are seeing
• 1:14:50
  technology get to the point where they can create gold like
• 1:14:54
  The Alchemist dream. We're we're entering some very
• 1:14:57
  strange times here, Nico. Like they can literally create
• 1:15:00
  gold now. Obviously it was only for a
• 1:15:02
  second. They haven't figured out how to
• 1:15:04
  like make sure that it stays in its gold form for forever here.
• 1:15:09
  But it really highlights the digital scarcity meme.
• 1:15:12
  And I know recently the digital gold meme is kind of catching on
• 1:15:16
  and it's like all the rage right now considering we're seeing so
• 1:15:19
  many problems with the traditional financial system.
• 1:15:22
  And, you know, gold is traditionally like a hedge
• 1:15:24
  against the Fiat system. And Bitcoin now is it's kind of
• 1:15:28
  falling into this, this category, this box so that
• 1:15:31
  people can wrap their head around what Bitcoin actually is.
• 1:15:35
  I'm not the biggest fan of the digital gold meme, but it is
• 1:15:38
  catching on. And now we have even further
• 1:15:41
  examples of the importance of the 21 million hard cap.
• 1:15:44
  Do I think this is like a significant breakthrough to
• 1:15:48
  gold? Not really, but I think it is a
• 1:15:51
  very interesting kind of sci-fi view of where we are like this
• 1:15:56
  is we're we're in very strange times.
• 1:15:58
  I repeat, like the strangest times ever.
• 1:16:01
  And now they can literally smash particles or spread particles.
• 1:16:04
  I, I, I mean, not the, you know, Large Hadron Collider expert
• 1:16:07
  here, but put particles in a certain way to create gold for a
• 1:16:11
  little bit. I'm sure they will figure this
• 1:16:13
  out. If there's a will and there's a
• 1:16:15
  way, they are going to do it. And that's not even going into
• 1:16:18
  remember the historical or more of the, the infamous hilarious
• 1:16:24
  video of the, the Winklevi brothers talking to Dave
• 1:16:28
  Portnoy. And like, you know, there's
• 1:16:30
  asteroids out there with gold. And if we want to, we can mine
• 1:16:33
  it. And it's really it's it's really
• 1:16:36
  just starting to remind me of like anime sci-fi world that
• 1:16:40
  we're living in. But This is why the 21 million
• 1:16:43
  Bitcoin is so important. This is why we say it's going up
• 1:16:46
  forever is because you can never create more Bitcoin.
• 1:16:48
  Yes, they could create paper Bitcoin, try to suppress the
• 1:16:51
  price of Bitcoin. But as long as Bitcoin has the
• 1:16:53
  21 million hard cap, it will always be Bitcoin.
• 1:16:56
  And we can't forget. There's what I think now it's
• 1:16:59
  1000 trillion. What is it?
• 1:17:00
  1 quadrillion of wealth in the world.
• 1:17:03
  And that has to get smushed into 21 million Bitcoin or 2.1
• 1:17:08
  quadrillion sats. It's going up forever.
• 1:17:11
  You guys are still early. It's very interesting that we
• 1:17:15
  are we're at this moment in time right now.
• 1:17:18
  It's just like things are crazy. It it's really blowing my mind.
• 1:17:22
  The stuff that scientists can do and the fact people can still
• 1:17:25
  say like, oh, what's this? You know, Bitcoin, but my teeth
• 1:17:28
  are scarce. Why isn't it worth a billion
• 1:17:30
  dollars? And you're just like, wow, we,
• 1:17:31
  we have so much work to do here. And it's just, it's mind
• 1:17:36
  blowing, to be honest. I'm not, I'm not going to lie,
• 1:17:37
  but yeah, they they can make gold now, guys.
• 1:17:39
  Well, for a little bit, you know it's.
• 1:17:40
  It's a little stretchy. I mean, so like, OK, so really,
• 1:17:43
  really, I'm really glad that you brought up that article.
• 1:17:45
  So, OK, so a couple things. Like you always hear like, oh,
• 1:17:49
  the world's going to run out of oil, right?
• 1:17:51
  And you always hear like, you know, the gold and like,
• 1:17:54
  whatever. Well, it's all economics, right?
• 1:17:56
  Like you can always get more oil.
• 1:17:59
  It's just it's going to be more difficult to get that oil
• 1:18:03
  because it's like, you know, either it's like you have to
• 1:18:07
  process the oil more, you have to frack it.
• 1:18:11
  It's really deep underwater. But if the price is high enough,
• 1:18:16
  it justifies the expense of extracting said oil.
• 1:18:20
  The same thing applies to gold. The only reason that they're
• 1:18:24
  that, you know, SpaceX isn't being contracted by companies to
• 1:18:29
  go to asteroids to mine those asteroids of said gold is
• 1:18:33
  because the price of gold isn't high enough.
• 1:18:36
  But if the price of gold goes high enough, right, then it
• 1:18:40
  justifies extracting more gold. That's why gold has this like
• 1:18:44
  very consistent type of inflation, right?
• 1:18:47
  Because what happens if the price of gold goes up?
• 1:18:50
  Every people just want to start mining more gold.
• 1:18:53
  That's what happens. What makes Bitcoin unique
• 1:18:56
  compared to those other two commodities, right?
• 1:18:59
  Which is exactly people are saying peak oil, it's BS Look,
• 1:19:03
  there's so much oil in the ground, it's just not economical
• 1:19:08
  for you to take it out, right? It's all it comes down to
• 1:19:10
  economics. What, what makes Bitcoin very
• 1:19:14
  unique and very special, right? Like, it's so like scientists
• 1:19:17
  have figured out how to, you know, essentially turn lead into
• 1:19:20
  gold in a, in a, in a, in a, you know, in a fat, in a, in a, you
• 1:19:24
  know, in a laboratory, whatever. You know, there's, there's,
• 1:19:27
  there's, there's, you know, asteroids with, you know,
• 1:19:30
  trillions of gold in it, whatever.
• 1:19:32
  This isn't that. There's no extra Bitcoin in the
• 1:19:36
  ground. OK?
• 1:19:38
  There's 21 million. There's a, there's a hard cap.
• 1:19:41
  It's not gonna change number one.
• 1:19:44
  And #2 every four years with the halving that gets cut in half,
• 1:19:49
  meaning the amount of Bitcoin that's mined literally gets cut
• 1:19:53
  in half every four years. So like the daily cell pressure
• 1:19:57
  from Bitcoin miners gets cut in half every four years.
• 1:20:01
  So regardless of what happens to the price, even if the price
• 1:20:04
  goes up, there's only so much Bitcoin you can mine.
• 1:20:09
  And in fact, every four years, that amount of Bitcoin that you
• 1:20:12
  can mine on a daily basis gets cut in half.
• 1:20:16
  That's absolute scarcity. Nothing on planet Earth has that
• 1:20:22
  level of scarcity, which is why Bitcoin is the best asset the
• 1:20:26
  world has ever seen, which is why I believe Bitcoin has
• 1:20:30
  outperformed everything else. The world is waking up to the
• 1:20:33
  fact that Bitcoin is the superior asset and the market
• 1:20:38
  cap of gold right now is rough, roughly 20 trillion. 2222. 22
• 1:20:43
  trillion, the market cap of Bitcoin is roughly 2 trillion.
• 1:20:48
  So you're making the case to me. This is why Max Kaiser is
• 1:20:51
  talking about 2 million. Whatever you're you're looking
• 1:20:54
  at me straight in the face and you're saying, Nico, like, you
• 1:20:57
  know gold is better than Bitcoin.
• 1:21:00
  Well, gold's had a a head start, right?
• 1:21:03
  It's physical that it has that going for it, but you can't say
• 1:21:07
  it's more scarce, cannot say it's more scarce and you cannot
• 1:21:11
  say it's better at holding value.
• 1:21:13
  You can't say it why they just they just literally created in a
• 1:21:17
  laboratory. There's it's floating in outer
• 1:21:19
  space. It's a question of economics.
• 1:21:22
  It's not a question of can you get more gold?
• 1:21:24
  It's a question of economics. Is it economical for me to mine
• 1:21:28
  more gold with Bitcoin? It's not a question of
• 1:21:31
  economics. It doesn't matter how high the
• 1:21:33
  price of Bitcoin goes up, there's only so much Bitcoin
• 1:21:39
  that's going to be mined on a daily basis, and that gets cut
• 1:21:41
  in half every four years. So laying all that out, the
• 1:21:46
  market cap of gold is 22 trillion.
• 1:21:49
  The market cap of Bitcoin is 2 trillion, 10X.
• 1:21:53
  So 10X times 105, what, $1,000,000, right?
• 1:21:58
  And I think it's even better that the like just reaching the
• 1:22:02
  market cap of gold is thinking small in my opinion.
• 1:22:05
  Anyways, I do want to give a shout out to the live stream
• 1:22:09
  4055 live viewers between YouTube and X 676 live viewers
• 1:22:15
  on YouTube alone and roughly 80 of you guys watching live on
• 1:22:19
  Rumble. If you guys enjoyed today's
• 1:22:21
  show, smash that like button and really, really helps with the
• 1:22:26
  algos. But before we close out the
• 1:22:28
  show, do you want to give a shout out to our sponsor, the
• 1:22:31
  Bitcoin conference that's happening in Vegas?
• 1:22:35
  It's coming up May 27th through the 29th, I believe.
• 1:22:37
  That's next week, Opti. We got a big week in front of
• 1:22:40
  us, brother. Lots of work.
• 1:22:44
  It's going to be awesome. We hope to see you guys.
• 1:22:47
  They got a headline speaker. They got a sitting vice
• 1:22:49
  president to be making an appearance to be speaking.
• 1:22:53
  You have Ross Ulbricht, freedom fighter, you have Michael
• 1:22:56
  Saylor, you have Jack Mahler's, you have Senator Lummis, you
• 1:23:00
  have two of the president's sons.
• 1:23:03
  It'll be making an appearance. They're going to be speaking at
• 1:23:05
  the Bitcoin conference. You definitely don't want to
• 1:23:07
  miss it again. May 27th through the 29th
• 1:23:11
  Bitcoin 2025 Las Vegas NV. Get your tickets now.
• 1:23:16
  Scan the QR code on your screen. Use promo code simply again
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  promo code simply at checkout and you get 10% off your tickets
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  to Bitcoin 2025. All right everybody, love you
• 1:23:29
  all. I'm your host Nico.
• 1:23:31
  This is my Co host, Optimus Fields.
• 1:23:33
  We're simply Bitcoin live, and we'll see you tomorrow for a
• 1:23:36
  brand new episode. Today's episode was brought to
• 1:23:39
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:23:43
  mission to enable financial independence.