Latest / Simply Bitcoin / Michael Saylor Predicts $49M Bitcoin | EP 1042

Transcript

Michael Saylor Predicts $49M Bitcoin | EP 1042 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going up forever. You're against Bitcoin.
• 0:16
  You're against freedom. You're not going to say that
• 0:25
  Bitcoin conference in Nashville over the weekend.
• 0:27
  It feels like one of those Seminole moments that people are
• 0:29
  going to be talking about years from now.
• 0:32
  My next guest actually played a major role at the conference and
• 0:34
  continues to be a passionate advocate dedicated to spreading
• 0:37
  the word and educating the masses.
• 0:39
  Joining me now, Coin Stories podcast host Natalie Brunel.
• 0:42
  Natalie, you know, it's so weird because it wasn't long ago
• 0:46
  Bitcoin was tumbling, right? It was under 20,000.
• 0:49
  Even people who love to said it may go to 10,000.
• 0:51
  Could you imagine now, I mean, just not long after that, you're
• 0:55
  getting shout outs on X from US senators, sitting US senators
• 0:59
  for discussing Bitcoin. It's come a long way in a short
• 1:02
  period of time. Yes, it has.
• 1:05
  We missed you in Nashville, Charles, because this conference
• 1:08
  was truly historic. You had a former U.S.
• 1:11
  President telling people not to sell their Bitcoin and people
• 1:15
  are really ready for change and a pro Bitcoin administration.
• 1:19
  Some of our current leaders have been leading a war on digital
• 1:22
  assets. So they need to go because
• 1:24
  remember, Bitcoin was created by the people for the people.
• 1:27
  It wasn't delivered by Wall Street or Washington DC.
• 1:30
  It wasn't promoted by big tech. It emerged from the market to
• 1:34
  become the 8th or 9th largest asset in the world.
• 1:37
  And now two of the three candidates are lobbying this
• 1:40
  community because it's grown into a massive voting bloc and
• 1:43
  they're seriously proposing to adopt Bitcoin as a strategic
• 1:47
  reserve asset for the US. So this is historic and shows
• 1:50
  that Bitcoin is winning. Yo everybody welcome to the
• 1:53
  Bitcoin live you're number one source for the peaceful Bitcoin
• 1:56
  evolution recovery can use culture magic warfare will be
• 1:58
  your guide through the separation of money and say
• 1:59
  leisures amount sip sit back relax enjoy the ride.
• 2:03
  Welcome to the most watched daily Bitcoin live show on
• 2:05
  YouTube, Rumble Annex, simply Bitcoin live.
• 2:07
  Natalie Burnell coming in hot. But the reason I want to play
• 2:10
  you guys that clip this morning is that I gotta say it, guys,
• 2:16
  the Bitcoin conference, when you had Donald Trump making his
• 2:19
  speech, a lot of Bitcoiners very uncomfortable.
• 2:22
  He's kept saying crypto. He wasn't exactly dialed in
• 2:25
  compared to RFK. RFK definitely went up to him
• 2:28
  with his speech, but we definitely broke into the
• 2:32
  mainstream. You had Michael Knowles from The
• 2:34
  Daily Wire making appearance. You had all of the legacy
• 2:37
  corporate media, financial media, and just corporate media
• 2:40
  there. They they literally had cameras
• 2:42
  to bring to this event because the potential future president
• 2:47
  was making a speech there. That is absolutely historic.
• 2:50
  Talk about the Overton window shifting, the Overton window
• 2:53
  breaking. And even if Donald Trump doesn't
• 2:55
  get elected, these ideas are now introduced, right?
• 2:57
  The, the, the, and I think the key thing that Donald Trump said
• 3:02
  was basically the introduction that they were that the United
• 3:05
  States government, if he is to get elected, was going to look
• 3:09
  at Bitcoin as a strategic reserve stockpile.
• 3:14
  They were right before reserve asset.
• 3:16
  So stockpile to be specific, but that is definitely a step in the
• 3:21
  right direction. I think RFK as a member of, you
• 3:24
  know, as someone who's running as an independent is able to say
• 3:29
  things a little bit more radical in terms of the Overton window
• 3:32
  for us Bitcoiners is not radical at all.
• 3:34
  But remember, RFK doesn't really have a chance of winning
• 3:38
  according to the latest poll numbers in the betting odds,
• 3:41
  Trump does have a chance of winning.
• 3:42
  So the fact that we have a mainstream political candidate
• 3:46
  that has a high probability of winning the presidency saying
• 3:49
  everything he said is a really, really big deal for our
• 3:53
  movement. And it's not a coincidence that
• 3:56
  literally that Monday, the same yesterday Bitcoin that was, you
• 4:01
  know, belong to this Treasury Department, they, you know, they
• 4:03
  seized it from various sources. It's not a coincidence that
• 4:08
  moved, right? And a lot of people are
• 4:09
  speculating that they're they're getting ready to dump it.
• 4:12
  And another thing that I got to say is, and then something that
• 4:15
  I feel passionate about is that I don't think Bitcoin is a
• 4:18
  partisan issue. I think that it was made a
• 4:21
  partisan issue as soon as this specific administration started
• 4:26
  going after the industry. And that created an opportunity
• 4:29
  for their political opponents to capitalize on that.
• 4:32
  And it's crazy that they're still not changing tune.
• 4:35
  In fact, on Monday, they're just like, you know what the Trump
• 4:39
  says, we're going to make it a strategic reserve.
• 4:40
  We're, we're going to sell it right, right before Trump
• 4:43
  potentially gets into office. Like it's crazy.
• 4:46
  I, I don't believe anything the Democratic Party has to say at
• 4:50
  this point. It's kind of put up or shut up
• 4:52
  in regards to Bitcoin. We're not a political show, but
• 4:55
  it's kind of put up or shut up. You know, Biden is currently in
• 4:58
  office. He Biden has the ability to free
• 5:00
  Ross so he could take that political advantage away from
• 5:05
  Trump like they can take a stance and a lot of Senate, I
• 5:09
  believe it's seventy members of the Democratic Party was
• 5:12
  actually where I actually wrote a letter to the Elizabeth Warren
• 5:16
  camp, which they're the camp that's so hostile towards this
• 5:19
  industry and they were asking him basically to change tune.
• 5:22
  They're like, what are you guys doing?
• 5:23
  In fact, we did have a member of the Democratic Party that spoke
• 5:26
  at the convention. So I hope that keeps going
• 5:30
  because Natalie was absolutely right, like Bitcoin is a money
• 5:33
  by the people for the people. And this Bitcoin conference, I
• 5:37
  think really represented the first time that our movement and
• 5:41
  the ethos of our movement started to penetrate into the
• 5:44
  mainstream consciousness. And I think the best is yet to
• 5:47
  come. This is just getting started.
• 5:49
  One of the things that Trump said, his speech was hilarious,
• 5:52
  by the way. I highly recommend watching it.
• 5:53
  One of the things you guys are going to have so much energy.
• 5:56
  You guys are going to say no much no more energy.
• 5:58
  Like it's so funny. But one of the things he said
• 6:01
  was that the industry was still in its infancy.
• 6:04
  And that's something that I completely agree.
• 6:06
  And I think that's something that gets lost on everybody,
• 6:09
  right? In other news as well, Michael
• 6:11
  Saylor's keynote was absolutely phenomenal.
• 6:14
  The way that he broke it down into various sections about how
• 6:17
  he described that. Look, if you want to maintain
• 6:19
  your purchasing power, Bitcoin is the superior asset, real
• 6:23
  estate is inferior, bonds are inferior, equities are inferior.
• 6:27
  He broke out, he broke down the reasons as to why that was, But
• 6:32
  one of the things that I want to talk about today was he was
• 6:35
  doing some price predictions, which is very interesting.
• 6:37
  And he laid out three cases, The bear case, which about roughly
• 6:41
  $3,000,000 per Bitcoin by 2045. The base case, which is about
• 6:45
  $13 million Bitcoin by 2045 and the bull case, which is $49
• 6:51
  million Bitcoin by 2045. And again, this isn't just, you
• 6:57
  know, some average Joe or some just random Bitcoin Twitter.
• 7:01
  And on this is, you know, the, you know, the chairman of a
• 7:03
  publicly traded Bitcoin publicly traded company, you know, saying
• 7:07
  those things. And I think his logic is sound.
• 7:10
  And for anyone that finds those ideas radical, I think it's a
• 7:14
  good idea to look into the past, right?
• 7:18
  If I would have told you back in 2014 that Bitcoin was going to
• 7:22
  be sitting pretty at $66,254 today, on July 30th, 2024, you
• 7:28
  would have laughed me out of the room.
• 7:30
  But if you knew that information, I think you would
• 7:32
  have done everything in your power just to go all in Bitcoin
• 7:34
  in 2014. You would have just worked.
• 7:36
  You would have just done everything in your power to
• 7:39
  accumulate as much Bitcoin as possible.
• 7:41
  So I think if Bitcoin continues in that trend, even if it does a
• 7:45
  10th of what it did in the past, you're still gonna be extremely
• 7:49
  happy with your decision to save in Bitcoin versus saving in Fiat
• 7:53
  versus saving in other traditional kind of investment
• 7:56
  options, really. So anyways, it's gonna be a
• 7:58
  great show. And also we have a very special
• 8:00
  guest, also someone I consider a friend as well.
• 8:03
  We have the CEO of Thunder Funder.
• 8:05
  The funder did an amazing presentation at the Bitcoin
• 8:07
  conference. And Thunder Funder essentially
• 8:09
  gives the ability for the everyday person, right, to
• 8:13
  invest in Bitcoin companies, which is extremely exciting.
• 8:16
  Anyways, Mike, thank you so much for coming on the show.
• 8:19
  All right, let's have some fun. It's an honor to be hanging with
• 8:24
  you. I consider you a friend as well,
• 8:26
  even if you've taken many of my stats and many poker games, but
• 8:31
  I don't hold it against you. You are definitely a friend.
• 8:34
  Thanks for for hanging with me and letting me share the big
• 8:37
  news about Thunder Funder. Absolutely.
• 8:39
  And it, and it's, it's, it's an incredible opportunity for you
• 8:43
  guys as well in the audience. Like imagine if you're able to
• 8:46
  get into like the equivalent would be like an Amazon or
• 8:50
  Facebook and you were actually able to invest in those
• 8:53
  companies in the early stage, right?
• 8:55
  Mike's platform that he's building.
• 8:57
  I've been watching it closely, even though I might not
• 8:59
  understand a lot of those things because I'm a media minded
• 9:02
  person. He's I know he's been putting
• 9:04
  his heart and soul into really building this.
• 9:06
  And it gives you an opportunity for you guys to invest in early
• 9:09
  stage startups, early stage Bitcoin startups, which could
• 9:12
  potentially become an incredible opportunity.
• 9:15
  So I'm really excited to hear more about that during the
• 9:17
  culture segment. You want to bring up my
• 9:19
  legendary Co host Boo filled in for me yesterday Opti man Opti
• 9:23
  is an absolute workhorse and I do wanna give a shout out for
• 9:26
  him filling in for me yesterday. And Opti bro, that news desk, I
• 9:30
  don't know if you guys saw it. I think we uploaded it over the
• 9:33
  weekend, but shout out to the Bitcoin Magazine crew, David
• 9:37
  Bailey, Mike Germano, Shane McShane and Pete Russo for
• 9:44
  allowing a simply Bitcoin takeover 2 days in a row at the
• 9:47
  Bitcoin conference, which was, you know, absolutely incredible.
• 9:51
  So shout out to you guys and shout out to Opti.
• 9:53
  I mean Opti bro, like, how'd it feel, dude?
• 9:56
  I mean, I think, I think you gave a shout out to.
• 9:57
  I think you, you gave a shout out to your mom.
• 9:59
  Hey, you know, I'm a mother's boy.
• 10:01
  I I'm unashamedly a mama's boy. And of course I had to give a
• 10:05
  shout out to my mom. She's the only reason why I'm
• 10:07
  here, man. But yeah, hey, Nika, I think the
• 10:10
  funny, the nice part about this is you tried to give me the week
• 10:13
  off this week and then you're like, wait, actually I need you
• 10:15
  to come on the show. Yeah, I need you to host.
• 10:17
  So good thing I told you. No, guys, I do this for you
• 10:21
  guys. I'm like, no, I got to make the
• 10:22
  show. We got to make the show.
• 10:23
  And then Nico hits me up in the morning.
• 10:24
  He's like, oh, actually sorry, bro, I'm not going to make the
• 10:28
  show. So we got to make it happen.
• 10:29
  But yeah, man, it was great. I I love the Bitcoin mag team.
• 10:32
  It was an honor to take over the news desk.
• 10:34
  You and I had a blast. It felt like a live simply
• 10:37
  Bitcoin show on the news desk. So that was great, man.
• 10:41
  Yeah, it was, it was incredibly, it was incredibly a fun time and
• 10:44
  and it's such a historic conference and actually I'll,
• 10:46
  I'll, I'll throw a little tidbit for you guys.
• 10:49
  Simply Bitcoins 4th 4th anniversary was July 27th, the
• 10:54
  day of Donald Trump's speech at the Bitcoin conference.
• 10:58
  So that was simply his 4th anniversary.
• 11:00
  It was just, it's just crazy how all the timing of all that stuff
• 11:04
  works. Anyways, before we jump into the
• 11:06
  show, I do want to give a shout out to our sponsor.
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  What is that? Well, you toss a coin into the
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  All right everybody, we have lots to talk about.
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  Let's get to numbers. Here we go.
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  The Bitcoin numbers. I just want to give a shout out
• 12:19
  to our sponsor, Stamp Seed. All right, everybody, so don't
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  write down seed words on paper. Don't put yourself in that
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  They make them for the Bitcoin conference.
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  We have one as well as simply Bitcoin so guys stamp your
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  generational wealth into titanium Opti showing it off
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  right now you can scan the QR code on your screen or you could
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  By the way, if you use promo code simply, you get 15% off
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  anything on their website. At the time of recording the
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  Bitcoin price is 66,303 $66,300 sats per dollar 1508 Block
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  height 854,683 blocks to having 195,317 having estimate March
• 13:49
  20th, 2028 Total Lightning Network capacity 5061 BTC
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  Capacity value 335 million U.S. dollars realized monetary
• 14:00
  inflation 1.49% market capitalization 1.34 trillion
• 14:05
  Bitcoin versus gold market cap 7.89%.
• 14:10
  In the grand scheme of things, we are just getting started.
• 14:13
  I truly believe that. I think it was actually Donald
• 14:16
  Trump that during his speech he want talk about the Overton
• 14:20
  window shifting. Talk about the Overton window
• 14:22
  breaking. Donald Trump even said he's like
• 14:25
  this is going to take the this is going to take the market cap
• 14:27
  of gold. You know how crazy that is for,
• 14:30
  you know, an ex president, potential future president,
• 14:33
  we'll find out in November say that Bitcoin is going to
• 14:35
  overtake the market cap of gold. Like that is absolutely freaking
• 14:40
  insane. Anyways, the thing that I wanted
• 14:42
  to talk about today, we'll play this video and then we'll
• 14:44
  discuss it with the panel is Michael Saylor making his bowl
• 14:47
  case for a $49 million Bitcoin by 2045.
• 14:52
  I got to say, holy cow, that is, I feel like every Bitcoin
• 14:56
  conference it's, you know, it's more bullish.
• 14:58
  Now, of course, Michael Saylor, his company, they hold over
• 15:01
  250,000 Bitcoin. So it kind of makes sense, you
• 15:05
  know, as to why he would say this and you know, the
• 15:07
  incentives. I gotta say it's hyper bullish.
• 15:11
  But if you pay attention to his logic, his thought process, it
• 15:15
  almost feels like a YouTube clickbait title, bro.
• 15:18
  But it's not like he actually said this.
• 15:20
  He actually said that this is one of his, you know, his bull
• 15:24
  cases. Now 2045 is, you know, it's,
• 15:26
  it's about 21 years from now, right?
• 15:29
  So it's, you know, it's, it's not around the corner.
• 15:32
  But at the same time, I mean $49 million Bitcoin, you get
• 15:36
  1,000,000 bit you get one Bitcoin right now at 66,000.
• 15:40
  You could potentially be worth $49 million in 21 years.
• 15:43
  I mean, that's not a bad deal at all.
• 15:45
  Most people don't even make close to that amount of money.
• 15:48
  Anyways, I'm going to play this video.
• 15:50
  We'll talk about it. But what's happening?
• 15:55
  Here's my macro Bitcoin forecast.
• 15:58
  It's 21 years, goes out to the year 2045.
• 16:03
  What do I think will happen? Well, I've got a bear case and a
• 16:05
  bull case. But what I think will happen is
• 16:07
  that 55% ARR goes to 50 percent, 454035302520.
• 16:16
  It's between 50 and 20. It'll gradually decelerate till
• 16:20
  it's growing about twice as fast as the S&P index.
• 16:24
  And at that rate, Bitcoins $13 million a coin in the year 2045.
• 16:30
  Thirteen million. It could be.
• 16:32
  It could be a 3 million bear case.
• 16:34
  It could be a 49 million bull case.
• 16:36
  But what is Bitcoin? 7% of the world's assets.
• 16:40
  Then what about the rest of the assets?
• 16:45
  Well, I actually think that AIS and technology are going to
• 16:48
  revolutionize tech. We had no companies worth a
• 16:51
  trillion. Then we had a bunch of trillion
• 16:53
  dollar companies. You're going to see more because
• 16:56
  you're going to see companies with 100,000 AIS and no
• 16:59
  employees and they're going to do the work of companies that
• 17:01
  used to have 100,000 employees. You're going to see mega corps
• 17:06
  develop, you know, shipping robots and self driving cars and
• 17:11
  a company that gives a personal physician to a billion people
• 17:14
  without any doctors on the payroll.
• 17:17
  So clearly equity is going to grow fast, gold's going to get
• 17:21
  demonetized, land will be less monetized.
• 17:25
  But look, here's the future in 2045 doesn't look that
• 17:28
  revolutionary. It looks like today it's just.
• 17:31
  I mean, 7% of the global reserve global assets for, you know,
• 17:38
  those, those crazy that I would say what we perceive as those
• 17:42
  crazy predictions today. I don't think that's so absurd.
• 17:46
  And, and the reason that I say that is because I think, you
• 17:49
  know, and this is what Saylor said in in the beginning of his
• 17:51
  presentation, he did an excellent job describing it.
• 17:54
  Like Bitcoin is a superior asset compared to real estate.
• 17:59
  Real estate, you have to pay property taxes, you have to pay
• 18:01
  maintenance. You know, it, it kind of, you
• 18:04
  know, chews into it, right? You know bond and he was making
• 18:07
  the case of like what's the lifespan of this, right?
• 18:11
  The, the, the example that he gave for real estate was
• 18:15
  basically a property in Miami Beach, a $10 million property in
• 18:19
  Miami Beach. And over 10 years you're going
• 18:22
  to have to pull up just in property taxes the equivalent of
• 18:26
  that property, right? Or in maintenance fees and all
• 18:29
  that stuff. Bonds, he gave it a lifespan
• 18:31
  about 30 years. Equities, I think he gave it a
• 18:34
  lifespan. So he was giving lifespans to
• 18:35
  these specific assets. But, but essentially, if you put
• 18:38
  Bitcoin to self custody, I think the, the number that he gave it
• 18:41
  was like 10,000 years, which is just absurd.
• 18:45
  Even custody Bitcoin was like 1000 years or so.
• 18:49
  So yes, I think it's, I think it's inevitable as people start
• 18:52
  to realize like, especially like if you're like a Chinese citizen
• 18:56
  or you know, these citizens where you live in a country that
• 18:59
  has like tight capital controls and they, they don't just, they
• 19:01
  just don't want you to leave with the money.
• 19:03
  Like what a lot of what a lot of those people do is that they'll
• 19:06
  go overseas and they'll start buying properties in like
• 19:09
  Manhattan and Miami and those apartments will just like remain
• 19:12
  empty. And they're doing that just to
• 19:15
  maintain their purchasing power and just to take their money
• 19:17
  out. But now that you have a
• 19:19
  technology, now that you have a tool where you can literally
• 19:22
  write down a 12 or 24 word seed phrase and you can take all of
• 19:26
  that wealth with you and you don't have to pay taxes on it.
• 19:30
  There's no maintenance fees. I mean, you might have to
• 19:32
  upgrade a hardware wallet a couple times, but that that's
• 19:35
  miniscule in the grand scheme of things.
• 19:38
  Like technically, if you die and you don't tell anyone where your
• 19:43
  private keys are like those that that money isn't moving till the
• 19:46
  end of time. Like what else could you say
• 19:48
  that with? You really can't say that with.
• 19:50
  So is it too, is it that absurd to think that a superior asset
• 19:56
  like Bitcoin with absolute scarcity, nothing else has
• 19:59
  absolute scarcity. Is it really absurd to think
• 20:03
  that it might be worth 7% of the total global assets?
• 20:07
  Like is that really, is that really that absurd?
• 20:10
  I don't think that that's absurd.
• 20:11
  And if that's not absurd, then just the base case is $13
• 20:16
  million. I mean, and what, what are we
• 20:19
  sitting at 66,000 right now? Like you'll be worth more than
• 20:23
  10 million if you're able to get your hands on one Bitcoin right
• 20:26
  now. I mean, like that's a pretty
• 20:27
  good effing deal. I don't know.
• 20:28
  What do you think, Moz? Yeah, I mean, to be a whole
• 20:32
  coiner, that's the goal, right? It's the goal of a lot of
• 20:35
  people. But you know, I think my biggest
• 20:37
  regret and I've been in Bitcoin for quite a while is not turning
• 20:41
  on just a daily, even just a silly buy at any point in time
• 20:44
  and just never turning it off. You know, $1010.00 a day even at
• 20:48
  recently, whatever it went down to, was it 3000 or $45110 a day
• 20:53
  with a $3000 Bitcoin, which is not that long ago.
• 20:57
  You look like a genius right now.
• 20:59
  And just to go back in time and actually know what was going to
• 21:02
  happen and what will continue to happen and think that for every
• 21:05
  $10 you were putting in then was pretty much a day's wage or more
• 21:10
  than a day's wage for more most people when you look at where
• 21:12
  we're at now. So, you know, the DCA is the way
• 21:16
  to go. I know you, you preach, preach
• 21:18
  on that and saving in Bitcoin and all we can do is the best we
• 21:22
  can do. And you know, if that, if those
• 21:24
  numbers come true, it's going to be insane.
• 21:25
  I mean, Can you imagine somebody with two Bitcoin right now
• 21:29
  that's maybe in the middle class or upper middle class?
• 21:31
  And that's a lot of their savings and they took a risk and
• 21:33
  all of a sudden they're sitting on $20 million.
• 21:36
  If this thing does what we all think it's going to do, I mean,
• 21:38
  it's just super exciting. Absolutely.
• 21:41
  I mean, it's power back to the people.
• 21:44
  It's incredibly exciting and I think it's incredible
• 21:47
  opportunity for everybody. And I think it's important to
• 21:49
  look at the past if you want to have an idea of where the future
• 21:53
  is going. And what's the line Opti?
• 21:57
  What can be unburdened by what has been?
• 22:03
  Yeah, don't be burdened by what has.
• 22:05
  I don't even know how to apply to that, but you guys get the
• 22:08
  general gist of it. Opti, what's your take on this?
• 22:10
  Is this hyper bullish? Is I mean, bro, this is like
• 22:14
  this is when I heard that I was like, holy shit, like holy cow,
• 22:17
  like that is extremely bullish. But I mean, the way that he
• 22:21
  explains it in the logic that he's using is very sound.
• 22:25
  So it's not like, you know, like click bait YouTube videos, duck
• 22:28
  face, like, you know, crazy shit.
• 22:31
  Like he actually, you know, he's making these three cases.
• 22:35
  And even if it's the bear case, like let's just say it's the
• 22:38
  bear case, right? Let's just say doesn't get to 13
• 22:42
  million. Let's just say it gets to 3
• 22:43
  million, right? Personally, it'd be a little bit
• 22:45
  disappointed, but let's just say that's the case, right?
• 22:48
  Let's take the ultra conservative route.
• 22:51
  That's still an excellent, that's still an excellent
• 22:53
  return. I mean $3,000,000 for 66,000
• 22:57
  like that's, that's an amazing return.
• 23:00
  You have more experience than me and, and you know, like the
• 23:03
  investment side of things. Where else could you get that
• 23:06
  type of return? Other than investing in Bitcoin
• 23:08
  startups, of course. Well, it's true, there aren't
• 23:12
  really any places where you can get that kind of appreciation,
• 23:15
  which was one of the things that got me interested in Angel
• 23:17
  investing in the 1st place is once you start seeing some of
• 23:21
  the returns that have happened over time, you know, and not a
• 23:24
  meme stock or a shit coin for lack of a better words.
• 23:28
  Investing in early stage companies is definitely
• 23:31
  something that you know where you can get a tremendous crazy
• 23:35
  return. But.
• 23:36
  You can also lose all your money, which we know we're not
• 23:39
  going to do in Bitcoin, right? So it's not a substitute for it,
• 23:42
  it's just a way to complement it.
• 23:44
  Of course, like and it's all about risk, right?
• 23:47
  Like, you know, if if you're, it's all about like, look, if
• 23:50
  you're willing to risk, you know, a certain percentage, a
• 23:52
  certain small percentage of your portfolio, knowing that there is
• 23:56
  potential upside, you know, it might be worthwhile to you.
• 24:00
  Opti what? What's your take on this?
• 24:02
  Yeah, so when I heard this speech, I literally, I literally
• 24:06
  have to like double take. I'm like, wait, you know, 3
• 24:08
  million. I'm like, that's kind of
• 24:10
  bearish. Like 13 million in 21 years.
• 24:12
  You're like, yeah, that seems about right.
• 24:14
  And then he just drops like 49 million bomb on us and you're
• 24:17
  just like, wait, really? Like I know, I know we get
• 24:20
  stupidly bullish and I always tell you guys like stable
• 24:23
  tarded, this is how we win is is by being hopeful about the
• 24:25
  future. But even for us Bitcoiners that
• 24:28
  are extremely bullish, 49,000,000 by 21 years from now,
• 24:32
  it it still seems absurd. But again, if you were in
• 24:36
  Bitcoin a long time ago, you're buying Bitcoin at $1000, you
• 24:40
  probably would have said that 66,000 seems absurd.
• 24:43
  I remember when I got into Bitcoin, everyone was saying
• 24:46
  like $10,000 was like the moon case.
• 24:49
  And now we're just constantly moving the price up higher.
• 24:52
  But yeah, like Muzz was saying, you know, for average people of
• 24:55
  average means, like all of us that hang out on the show, if
• 24:58
  you can get your hands on a coin and hold that for the long term,
• 25:01
  like it's going to be life changing money.
• 25:03
  And this is what we always say here on the show.
• 25:05
  It's like none of us are bullish enough because we're, you know,
• 25:07
  I, I know as much as I always say, we're playing hungry Hippo
• 25:10
  with Bitcoin and we want to acquire as much Bitcoin as
• 25:12
  possible. But I think we underestimate how
• 25:15
  much our purchasing power will increase in the next decade or
• 25:19
  two decades or three decades. And it really reminds me of that
• 25:23
  one quote where it's like you overestimate what you can do in
• 25:26
  two years, but you underestimate what you can do in 10 years.
• 25:29
  And I think that's what we're all kind of doing here with
• 25:31
  Bitcoin. Remember the the law of big
• 25:33
  numbers, like humans can't understand big numbers.
• 25:36
  And I think where we're going is going to be, you know, what's
• 25:39
  what can be is going to be unburdened by what has been.
• 25:43
  And so this. Is a good line for Bitcoin bro
• 25:45
  it. Really is we're stealing that
• 25:47
  one, but I know a lot of us Bitcoiners are looking at the
• 25:51
  past previous cycles in Bitcoin and being like, oh, diminishing
• 25:55
  returns. Oh, Bitcoin's not going to go as
• 25:57
  far and as high as we think it will be like you guys are being
• 26:00
  over bullish. What can be exactly?
• 26:03
  That's the point. That's the point of this is that
• 26:05
  like, I still fundamentally believe unburdened by what has
• 26:09
  been, yes, I fundamentally believe that we have still seen
• 26:13
  a very small percentage on the adoption scale.
• 26:17
  And if people are bearish out there, they really just don't
• 26:21
  understand how many people aren't on planet Earth and how
• 26:24
  much capital can actually get into Bitcoin.
• 26:26
  So as much as $49 million in 21 years sounds like a ludicrous
• 26:30
  prediction. At least we got 1A price
• 26:33
  prediction and a time prediction.
• 26:35
  So only time will tell whether this is correct or whether this
• 26:38
  is just some opium clickbait here.
• 26:40
  But hey, it's going up forever, Laura.
• 26:42
  So, you know, Infinity divided by 21 million.
• 26:45
  Now we're seeing the game theory kick in and everyone is starting
• 26:48
  to realize they need some Bitcoin.
• 26:50
  So hey, what can be unburdened by what has been Nico?
• 26:53
  Exactly, exactly. All right, everybody looks at
• 26:55
  the news. Lots to talk about.
• 26:59
  The Daily News. I want to give a shout out to
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• 27:57
  more. What can be, what can be.
• 28:01
  Anyways, talk about the Overton window absolutely breaking.
• 28:14
  It absolutely happened during the Bitcoin conference.
• 28:18
  I mean, this is insane. I was talking a little bit about
• 28:21
  it during the opening monologue. You know, not only did Trump
• 28:26
  promise to, you know, not only did Trump promise to free Ross
• 28:32
  again, he doubled down on that promise, you know, promised to
• 28:35
  fire Gary Genser, which the crowd went wild.
• 28:37
  It like, surprised him a little bit.
• 28:39
  He's like, whoa, I'm going to say that again.
• 28:41
  I'm going to fire Gary Genser. Everyone's like, you know, he
• 28:45
  obviously promised to, you know, leave the industry alone.
• 28:49
  He kept saying how everyone's going to get rich, which was
• 28:52
  nice. And I think he took credit for
• 28:55
  the price going up at one point, which I found that interesting
• 28:59
  as well. But yeah, I think a lot of
• 29:01
  people were just a bit surprised just because they've never been
• 29:05
  to, they've never seen a Trump speech before.
• 29:07
  I think also a lot of people were a bit a bit like they were
• 29:16
  they wanted more. And I think the reason they
• 29:18
  wanted more is because JFK just went absolutely hard in the
• 29:23
  paint. Like what JFK did was insane.
• 29:26
  And compared to RF KS speech, Trump's speech was a bit
• 29:28
  underwhelming. Like RFK set the bar extremely
• 29:32
  high and Trump did not match it. But it's important like for
• 29:36
  everyone to understand. Like, it's a lot easier for RFK
• 29:39
  to promise policies outside the Overton window as an independent
• 29:42
  candidate. And Trump's obviously tied to a
• 29:45
  major political party. I still think that Trump's
• 29:47
  speech was definitely a step in the right direction.
• 29:51
  It was absolutely historic. And it's going to be a major win
• 29:55
  for Bitcoiners and the Bitcoin industry in the United States if
• 29:58
  he gets elected. But I think really the huge news
• 30:02
  out of that entire speech and he really like left this tidbit
• 30:05
  towards the end was announcing that his administration wouldn't
• 30:09
  see, wouldn't sell any more Bitcoin and they would see
• 30:14
  Bitcoin as a one step short of strategic asset, basically a
• 30:20
  strategic stockpile. Now, here's the difference
• 30:23
  between RFK and Trump is that RFK could, and you know, he, he
• 30:30
  did, our administrator is going to buy 4 million Bitcoin, we're
• 30:33
  going to put Bitcoin strategic reserve asset, we're going to
• 30:35
  acquire all this Bitcoin, etcetera, etcetera, etcetera.
• 30:38
  But everyone has to remember that would be an executive
• 30:41
  order, right? Which means that once RFK were
• 30:45
  to leave office, any administration after him would
• 30:48
  be able to walk that back. So actually that needs to be
• 30:53
  codified into law. And that's why shortly after
• 30:56
  Trump made his speech, Senator Cynthia Lemus, the Bitcoin
• 30:59
  senator, went on stage and he said, here's the bill that would
• 31:04
  make Bitcoin a strategic reserve asset into law so that you
• 31:09
  couldn't walk it back as an administration.
• 31:11
  Also, she also introduced a Bitcoin acquisition strategy up
• 31:15
  to $1 million to pay off the country's debt.
• 31:19
  So I love the way that they did it politically, was very savvy.
• 31:24
  It was it was very interesting. And it's the way that things
• 31:27
  should be done, right? Because if you actually want to
• 31:31
  effectuate change, you have to do it through the legislative
• 31:34
  process rather than through the executive branch, because the
• 31:38
  executive branch only has so much power, right?
• 31:42
  So I think it was historic and I think initially I was a bit
• 31:45
  disappointed like a lot of other Bitcoiners because clearly RFK
• 31:50
  one up Trump. But we have to be realistic and
• 31:54
  we have to remember RFK is running as an as an independent
• 31:58
  and Trump is running as a mainstream Republican.
• 32:01
  Also, a lot of the things that RFK said were just completely
• 32:05
  radical, like they would be viewed as completely right and
• 32:07
  the media would just, they already hate Trump.
• 32:09
  They would just run with this, right.
• 32:12
  So very, very interesting. But I don't want to talk about
• 32:14
  that because I believe Opti talked about that yesterday.
• 32:17
  What I do want to talk about is something that really, really is
• 32:21
  important for me, which is this idea that Bitcoin is for
• 32:24
  everyone. It should not be a partisan
• 32:26
  issue and I truly believe that the current Democratic Party
• 32:30
  does not represent the will of their constituents.
• 32:33
  Now, it's not black and white. Obviously there was members of
• 32:37
  the of the Democratic Party, one of them being ROH Khanna that
• 32:41
  you know that he's he spoke some some pretty good things about
• 32:44
  the industry. I have a clip right here.
• 32:46
  But if we don't have Bitcoin, if we don't have crypto currencies,
• 32:49
  we're going to seed leadership in the financial innovation of
• 32:53
  the 21st century. Why would we do that?
• 32:56
  Why? We need to be the leaders.
• 32:59
  This is a payment that's going to be cheaper.
• 33:01
  It's going to be faster. It's going to have the ability
• 33:05
  to move a few cents across the world without the fees.
• 33:10
  It's going to make us more connected in a global society.
• 33:14
  I mean, all the Democrats who preach that we don't want to be
• 33:17
  isolationist. Well, isn't rejecting crypto
• 33:20
  currencies and Bitcoin being isolationist because the rest of
• 33:23
  the world is using it? So this is actually connecting
• 33:26
  to the rest of the world. So the conference was saying,
• 33:29
  you know, let's be let America lead when it comes to the
• 33:33
  instruments of financial innovation.
• 33:36
  And you have the Fed payment now, Fed now, and you have Zelda
• 33:39
  with the banks. I don't want a monopoly of the
• 33:42
  Fed and the banks deciding how to have instantaneous payments.
• 33:47
  Bitcoin and cryptocurrencies are competitive alternatives so that
• 33:51
  we don't have monopoly power. I thought the Democrats were
• 33:54
  opposed to monopoly power. So I mean, I think he's spot on,
• 33:58
  right? And I think that's just common
• 34:00
  sense and that, again, he's not a Republican like it's a
• 34:03
  Democrat. So this is what I've been
• 34:05
  saying, like this should not be a partisan issue.
• 34:08
  The current administrative administration made it as such.
• 34:11
  And they should really be paying attention because like even with
• 34:14
  their own live stream numbers, like here is Vice President
• 34:18
  Harris delivering a keynote and mind you, is Vice President
• 34:21
  Harris is going to be running for president.
• 34:23
  About 822 people are watching that.
• 34:27
  We currently have more people watching simply Bitcoin right
• 34:29
  now and compare that to the Bitcoin Magazine live stream had
• 34:33
  56,171 people watching live and that's just on YouTube, by the
• 34:38
  way, on Twitter was much higher than that.
• 34:40
  So just to kind of give you an idea between the two and by the
• 34:44
  way, Ro Connor, I hope I'm pronouncing that correctly,
• 34:47
  wasn't the only one to feel that way. 27 other Democratic
• 34:50
  politicians signed a letter to the DNC and to the and to
• 34:55
  Elizabeth Warren to end the anti Bitcoin policy.
• 34:58
  So I don't know if I'll have time to read this entire thing,
• 35:01
  but I'll get to some of it. Chair Harrison and prospective
• 35:05
  presidential candidates, we representing a range of
• 35:07
  Democratic officials, candidates for the House and members of
• 35:10
  Congress right to urge you to take a forward-looking approach
• 35:13
  to digital assets and blockchain technology.
• 35:16
  The area holds immense potential for American innovation,
• 35:19
  economic growth and financial inclusion.
• 35:21
  Representing the emerging stance of the Democratic Party in the
• 35:24
  United States, leaders such as the Senate Majority Leader Chuck
• 35:27
  Schumer, Speaker Amerita Nancy, Nancy Pelosi and majority of
• 35:32
  House Democratic leadership have recently supported pro digital
• 35:35
  asset legislation. However, there is a public
• 35:38
  perception that the party holds a negative viewpoint on digital
• 35:41
  assets largely due to the current SC CS approach to these
• 35:44
  transformative technologies. We believe that the previous
• 35:47
  hostility does not reflect our party's progressive,
• 35:50
  forward-looking and inclusive values.
• 35:52
  A refresh leader of the ticket represents an opportunity to
• 35:56
  change that perception. I completely agree.
• 36:00
  Such a great opportunity for them to step in and say, you
• 36:04
  know what, like we're going to end this.
• 36:06
  And you know what they did everybody.
• 36:08
  Here's Mike Germano, president of Bitcoin magazine.
• 36:11
  Well, now the game begins. Already working on FOIA requests
• 36:14
  will take months to get to the truth.
• 36:16
  This is a direct reaction to the Bitcoin conference and they want
• 36:18
  us to send a message. What did they send?
• 36:21
  What did they say? U.S. government split the $2
• 36:23
  billion worth of Bitcoin into two separate addresses, 10,000
• 36:27
  BTC and 19 thousand 19,800 BTC. And this happened Monday, the
• 36:33
  day after the Bitcoin conference, the day after or a
• 36:37
  couple days after Donald Trump promised that if you were to get
• 36:41
  elected president, he wouldn't sell any of the Bitcoin that the
• 36:44
  US government currently has in custody.
• 36:47
  So what I got to say is very simple, like it's very easy to
• 36:51
  talk. Actions are expensive and you
• 36:54
  know, I I appreciate Congressman Ro Khanna I I appreciate those
• 36:59
  members of the Democratic Party that wrote that letter.
• 37:02
  But currently I see operation choke point 2.0.
• 37:05
  I say I see the proposed Bitcoin mining ban.
• 37:08
  I see Bitcoin wallets just exiting the country Phoenix
• 37:12
  wallet wallet of satoshi. Why because of the regulatory
• 37:15
  environment. I see the a samurai wallet guys
• 37:18
  get arrested. I saw Roger Verg get arrested.
• 37:21
  So like, forgive me if I don't believe you.
• 37:24
  Like I don't believe what they're saying.
• 37:26
  I think it's very easy to, you know, go through Mark Cuban and
• 37:29
  say, hey, you know, Democratic members are meeting with the
• 37:33
  Bitcoin industry representatives, blah, blah,
• 37:35
  blah. It's very easy to say that what,
• 37:37
  when push comes to shove, time after time they've shown
• 37:41
  hostility towards the industry. So anyways, here's Francis
• 37:46
  Pulio, CEO of Bowl Bitcoin. He says we may be witnessing the
• 37:50
  first instance of a power struggle with an incumbent
• 37:53
  government leveraging its control over a national private
• 37:56
  keys as a measure to harm the incoming new government.
• 37:59
  I'm here for it. That's a really good take.
• 38:02
  Another take as well. No, I think that's the last take
• 38:05
  anyways. But the point is, is that look,
• 38:07
  they have they have an opportunity.
• 38:10
  The Democratic Party right now, currently they hold the
• 38:13
  executive office. Joe Biden has the privilege, has
• 38:16
  the ability, has the power to free Ross right now.
• 38:20
  They have the power to just do a 180 show everyone.
• 38:23
  They had the power to go to the conference and, you know, take
• 38:27
  that political advantage away from Donald Trump.
• 38:30
  It's 50 million voters. And by the way, these voters
• 38:33
  don't lean left or they don't lean right.
• 38:35
  I Dan saying in the chat, big mistake for the US government
• 38:38
  selling. It's Bitcoin.
• 38:39
  I said this to Sailor. I think it's absolutely crazy
• 38:43
  that they're selling. They're selling something that
• 38:45
  is absolutely scarce for something that they can just
• 38:48
  create out of thin air. That is absolutely insane.
• 38:52
  That is insanity. That is crazy.
• 38:54
  I think that's what happens when your your brain is on Fiat.
• 38:57
  So anyways, I don't want this to become a partisan issue.
• 39:00
  It worries me a little bit what happens if Donald Trump doesn't
• 39:03
  win the election? I think that let me Donald Trump
• 39:06
  warned it like he said that during the speech.
• 39:08
  He's like, they're going to go after the industry if I don't
• 39:10
  win the election and they're not showing me otherwise.
• 39:13
  They're walking back their words a little bit, but their actions
• 39:17
  are not being walked back at all.
• 39:19
  Muzz, as a Bitcoin entrepreneur that is based in the US, does
• 39:23
  you know the political environment?
• 39:25
  Like what are your take? What are your what's your take
• 39:27
  on the Bitcoin conference? What happened And what's your
• 39:29
  take on this? Looks like it's becoming a
• 39:32
  partisan issue. What's your take?
• 39:34
  OK, so I mean take on the conference, I mean, it was
• 39:38
  amazing, right? I mean, we can talk about all
• 39:40
  that. You know, we had a Satoshi
• 39:41
  Rakamoto Sophie saying it was so much fun as far as the the
• 39:47
  political effect on the industry.
• 39:50
  You know, the scene at the end of the movie where there's just
• 39:52
  the dead bodies everywhere and some have survived, you know,
• 39:55
  and it's like your camp is just is just a fiery blaze.
• 39:59
  That's pretty much where it's at now after.
• 40:02
  What we've just gone through here with the current
• 40:05
  administration, it's just been nearly impossible.
• 40:09
  Every roadblock and just not wanting to see you succeed has
• 40:15
  been really the strategy with Operation Choke .2 Point OA.
• 40:20
  Lot of our companies with Lightning Ventures, you know,
• 40:23
  they're trying to get live here, they're trying to get MTLS,
• 40:26
  they're trying to launch innovative card products,
• 40:29
  lending products, wallets, and just at every turn, they're just
• 40:34
  trying to stop you and be unsupportive.
• 40:37
  It's holding back innovation, it's holding back the industry.
• 40:41
  And quite frankly, it's a bunch of horseshit, really.
• 40:46
  But but everyone's looking forward to a change, right?
• 40:49
  A change in the guard. The whole thing about the, you
• 40:52
  know, moving the coins to spite Trump, I mean, how stupid can
• 40:56
  they be? You guys beat this to the horse
• 40:58
  already. But oh, my gosh.
• 41:00
  I mean, are they just trying to lose votes?
• 41:02
  Are they trying to alienate themselves from this entire
• 41:05
  group? You know, it was a packed room.
• 41:07
  They wouldn't let another person in there.
• 41:10
  A lot of enthusiasm and energy. They have to have seen this.
• 41:13
  You know, supposedly David Bailey had that tweet.
• 41:16
  You know, he invited Kamala or whatever.
• 41:18
  That would have quite frankly, been terrible.
• 41:21
  But, you know, and then they go and pull a move like this.
• 41:23
  It's like, are they trying? I mean, are they trying to upset
• 41:27
  this group of people, which I think is a lot larger than they
• 41:30
  estimate? 100% like it.
• 41:33
  It's, it's incredibly short sighted.
• 41:36
  And again, it's, it's like, look, you had the Democratic
• 41:40
  representative saying it there like, it's like this is
• 41:43
  inclusive, right? Which is, you know, progressive,
• 41:45
  a progressive cause. And it's like Bitcoin is money
• 41:49
  by the people for the people, like Natalie said.
• 41:51
  And I would say Bitcoin is money for the lower middle classes
• 41:53
  that get the most affected by the ravages of inflation, you
• 41:56
  know, which are supposedly the people that, you know, the
• 41:59
  Democratic Party is supposed to be representing.
• 42:01
  And I'm, again, I'm not saying it's a monolith, but like, you
• 42:04
  know, the RNC, the Republican, the, the Republican Party has
• 42:07
  taken a public stance on the, on the industry.
• 42:10
  They said they're protect the right to self custody, the
• 42:12
  protect the right to mind the Democratic Party.
• 42:15
  Clearly there's divisions internally, but the leadership
• 42:18
  of the Democratic has taken a very public stance.
• 42:21
  They might be saying stuff, but their actions are showing
• 42:23
  otherwise. And again, like you were saying
• 42:26
  was like moving the Bitcoin to spite Trump.
• 42:28
  And it's just like it's just to spite him.
• 42:30
  Like it's just to like, you know, it's just absolutely
• 42:33
  insane, absolutely short sighted.
• 42:36
  They had the pieces to finish the wall.
• 42:41
  It's no, it's in, it's, it's, it's absurd.
• 42:44
  It's it's pretty crazy. But anyways, Bitcoin fixes all
• 42:46
  this. Opti, what's your take on all
• 42:48
  this, brother? Yeah.
• 42:50
  Well, look, Nico, you and I have done our best throughout the
• 42:53
  last year or so to give the Democrat Party the the benefit
• 42:59
  of the doubt in regards to their takes on Bitcoin.
• 43:02
  But as we've seen the last year and obviously longer, they've
• 43:06
  been doing everything to try to handicap the Bitcoin movement,
• 43:09
  the Bitcoin industry and Bitcoiners at large.
• 43:12
  And I don't think it's a coincidence that the first
• 43:15
  business day after the Trump speech at the Bitcoin
• 43:18
  conference, they start to move their Bitcoin around one.
• 43:22
  I think, though we don't fully know yet if they're selling it,
• 43:25
  which is not fully clear. But I mean, why else would they
• 43:28
  be moving their Bitcoin after Trump said like we want a
• 43:31
  strategic stockpile of Bitcoin? Though very interesting point of
• 43:35
  the fact that they moved that much Bitcoin.
• 43:37
  I'm pretty sure the fee cost was like $0.66, which like you
• 43:40
  couldn't do in traditional financial world, which obviously
• 43:43
  shows the use case of Bitcoin to anyone that is paying attention
• 43:47
  to the technicals here. But as ROH Khanna was saying,
• 43:50
  and you know, we've been saying this for a long time on the
• 43:53
  show, we, we get a lot of Flack for it, but Bitcoin is the money
• 43:57
  of the people. It is the most inclusive,
• 44:00
  equitable. What else are the means that
• 44:01
  they use fair money in the world like Bitcoin is for anyone,
• 44:05
  anyone that understands the problems of the world, which is
• 44:08
  the broken money should be saving in Bitcoin.
• 44:10
  And I've gotten a lot of Flack on the show and Nico's got gave
• 44:13
  me some pushback on it because I, I started to go really hard
• 44:17
  on the Democrat Party when they started to fight Bitcoiners.
• 44:21
  But it's it, it really blows my mind that supposedly the party
• 44:25
  of progressives is the party that is actively fighting
• 44:28
  Bitcoin and paying cover for, you know, the, the corporate
• 44:31
  lobbyist and big business and all the stuff that they
• 44:34
  supposedly claim to fight against.
• 44:36
  And now I think, as we say all the time, Bitcoin has a way of
• 44:40
  exposing incentives and, and the emperor has no clothes.
• 44:43
  It's becoming very clear that the people in power at the
• 44:45
  Democrat Party, we do not care what their constituents think in
• 44:49
  regards to Bitcoin. There's a huge untapped market
• 44:52
  of Bitcoin. There's a voting population that
• 44:54
  are seeing the writing on the wall.
• 44:56
  And they're like, all right, so I may be a Democrat.
• 44:59
  And now that party is actively fighting against my best
• 45:02
  interests. And as we saw yesterday, the
• 45:05
  fact they're moving that Bitcoin will probably cover this by the
• 45:08
  end of the week. We'll see what actually happened
• 45:10
  with that Bitcoin, whether it hits an exchange or not.
• 45:12
  I don't think it's a coincidence that we heard the speech from
• 45:15
  Tom and now that bitcoins moving and it really is what you guys
• 45:19
  just said. You know, it seems like the
• 45:21
  Democrat Party is doing whatever they can despite anything Trump
• 45:24
  is doing. And it also kind of reminds me
• 45:27
  of what we've been saying for a while on the show of late stage
• 45:30
  Fiat that the the people in power are literally just robbing
• 45:35
  the empire of everything that they can before they realize
• 45:39
  that they are going to lose their positions in power.
• 45:41
  And again, you know, standard meme of man thinking of the
• 45:45
  Roman Empire. We've seen this happened before
• 45:47
  in the past. This is not a new scenario
• 45:49
  playing out. If you're a student of history,
• 45:52
  you know that this happens once the empire starts to crumble and
• 45:55
  hopefully we can write this ship, which is what a lot of
• 45:58
  bitcoiners want to do. I'm I'm not really in the camp
• 46:00
  of a being an acceleration as it's burning it all down because
• 46:03
  I think that would be worse for all of us.
• 46:05
  I think there's still time to fix and and rewrite the course
• 46:08
  of of humanity, of planet Earth, of America in general, but it's
• 46:13
  going to take a lot of work. And the party that is in power
• 46:16
  right right now seems to be actively doing everything they
• 46:18
  can to stop Bitcoin, which is obviously horrible for
• 46:22
  Bitcoiners, but horrible for everyone at large. 100%, I think
• 46:26
  that's a really, really good point, man.
• 46:28
  So yeah, anyways, I hope this changes and I can't iterate the
• 46:31
  point enough. And that I said in the
• 46:33
  beginning, Bitcoin is not a left to right thing.
• 46:35
  It's not a liberal versus conservative.
• 46:37
  It's really the party of Fiat versus the party of Bitcoin, the
• 46:40
  party of green versus the party of orange.
• 46:43
  And hopefully we have more Democrats like Ro Khanna, you
• 46:46
  know, coming to their senses and realizing you can't stop
• 46:49
  Bitcoin, right? But what's the Kamala Harris
• 46:51
  thing again? Opti.
• 46:53
  What can be unburdened by what has been?
• 46:55
  We should just keep meming that into it.
• 46:57
  We just make that a meme. We should just make that a bad.
• 47:00
  Meme. But it's a good meme.
• 47:01
  We should. Just make that a Bitcoin meme
• 47:02
  anyways guys, if you're enjoying the show right now, the 1220 of
• 47:05
  you guys that are watching live just between YouTube and and X
• 47:09
  and also the 50 or so of you guys watching live on rumble,
• 47:13
  make sure to smash that like button really really helps with
• 47:15
  the algos all right everybody. Hey, wait, wait, Nico, before
• 47:18
  you go, Muzz wanted to chime in real quick.
• 47:20
  I was just going to say we really don't know what was
• 47:23
  behind that move. And we may end up congratulating
• 47:26
  the US government on implementing some very advanced
• 47:29
  UTXO management. This is true.
• 47:32
  I mean, let's be real, we don't know.
• 47:35
  This is true 100% it's true. Maybe.
• 47:38
  Somebody wants to play with a Sparrow wallet at the
• 47:40
  government. They need some tests, you know
• 47:42
  they're. Yeah, bro, they, they just
• 47:45
  watched ABTC sessions video and they're just like, all right,
• 47:49
  let's do a test transaction. But it was with 10,000 Bitcoin.
• 47:53
  That could be it. That could be it.
• 47:55
  Set up coming soon for the US government.
• 47:57
  Let's get to the culture. Lots to talk about.
• 48:01
  The daily culture. I want to give a shout out to
• 48:09
  our sponsor, the Orange Pull Up stock friends who stacks apps
• 48:13
  download the Bitcoin social layer.
• 48:16
  It's a great resource playing you're going to a new city, you
• 48:19
  don't know anyone around you whatsoever.
• 48:22
  Pull up the orange pull up. It literally tells you
• 48:24
  geographically what Bitcoiners are around you.
• 48:27
  It gives you the ability to send them directly.
• 48:29
  It's also a great resource for Bitcoin only events and it's the
• 48:33
  best way to reach me directly. I don't really answer Twitter
• 48:36
  DMS or e-mail these days, so if you want to reach me directly
• 48:40
  download the orange pull up, send me a message and I take the
• 48:43
  time every week or so to answer every single one of you guys.
• 48:47
  So download the orange pull up today, scan the QR code, check
• 48:51
  the link in the video description stack friends who
• 48:53
  stacks hats all right, passing it on to Opti and Muz.
• 48:57
  I'm so excited for this conversation cuz guys like this
• 49:00
  is I don't think this is I don't think this is something that
• 49:04
  I've heard a lot of people ask. I've heard a lot of people talk
• 49:07
  about, but I'll pass pass that on.
• 49:09
  I'll pass that question on to Muz First.
• 49:10
  It it, it's almost as if the game is skewed for individuals
• 49:16
  who want to invest in companies. Like it's like, and it's a
• 49:19
  little bit unfair, like, you know, imagine being able to get
• 49:22
  into Amazon, imagine being able to get into Facebook and how
• 49:26
  current, how things currently function.
• 49:29
  It's pretty difficult to get into those early, early stage
• 49:32
  startups as an investor, especially if you don't have a
• 49:35
  lot of money. Yeah, and there's a there's a
• 49:40
  big learning curve too, and it's completely unfair.
• 49:42
  And it's just a part of the system, right?
• 49:45
  It's just another way, you know that the government hates you.
• 49:48
  That's pretty much. It's true.
• 49:49
  That's pretty much what it comes down to.
• 49:51
  And I remember when I started investing in private companies
• 49:55
  are wanting to learn more, right?
• 49:57
  You start reading a few books and you see what type of returns
• 49:59
  you can make and then you start to learn and then you start to
• 50:03
  where can I do this? OK, if you are an accredited
• 50:06
  investor, even if you are an accredited investor, OK.
• 50:09
  And that's a certain level of income and net worth
• 50:12
  requirements. Even then, it's still hard to
• 50:14
  find deals. Even then, it's still hard to
• 50:17
  learn and go right, especially with small minimums as you're as
• 50:21
  you're learning because it is a, it is a long journey.
• 50:24
  And then there's these crowdfunding portals where
• 50:27
  anyone can invest. So if you're an unaccredited
• 50:30
  investor or what, no matter what, you can invest something,
• 50:34
  OK and something is better than nothing.
• 50:36
  And some of that's dynamic after a certain point, but it's all
• 50:40
  you fill it out, you putting it in there and you know they'll
• 50:43
  they will allow you to invest. So that's fairly new.
• 50:47
  It started in 2012 with the regulation crowdfunding as a
• 50:52
  part of the JOBS Act under Obama.
• 50:55
  And that allows for private companies to actually raise
• 50:58
  capital directly from people, right?
• 51:01
  Whether it's their biggest fans or aspiring investors, it
• 51:05
  provides some access to this area.
• 51:08
  So it's fairly new and there was a lot of, there was a lot of big
• 51:12
  companies that came out and started doing this.
• 51:14
  Whether you had 15 juice bars in the, in the, in Texas or you
• 51:19
  were working on an AR headset or you had a, a startup or a SAS
• 51:24
  company or whatever. You could actually put a little
• 51:26
  bar on your website, raise money from some of your your biggest
• 51:30
  fans and your users and deal directly with and allow people
• 51:35
  to participate in these funding opportunities, which are
• 51:38
  otherwise like really hard to get into.
• 51:41
  So that's really what Thunder Funder is.
• 51:44
  It's a new regulated portal where anyone can invest in open
• 51:51
  source startups, projects and Bitcoin projects.
• 51:57
  So that's what we're doing. It's an extension.
• 51:59
  It's a new evolution from Lightning Ventures, which we
• 52:03
  invested in pretty much. I mean, most of the outstanding
• 52:07
  awesome Bitcoin startups here. And we're able to offer those
• 52:12
  opportunities to people, but they had to be accredited.
• 52:15
  They had to be an accredited investor.
• 52:18
  And you know, I like to often joke, everyone's an accredited
• 52:21
  investor if you click the right button.
• 52:23
  And that's actually true because that's how it works.
• 52:26
  But we're removing that whole hurdle, getting a, a regulated
• 52:30
  portal. Now we can talk about the deals
• 52:32
  live, we can have fun, we can do more things in a, in a public
• 52:36
  space that we can't do with what we were doing with, with
• 52:40
  Lightning ventures. So I'm super excited about it
• 52:44
  and I'm just glad that you had me on, man Thanks.
• 52:47
  Man, and and that's incredibly so.
• 52:48
  And the walk, like, let's walk through the process, right?
• 52:54
  Let's just say, and I kind of went through this muz and you
• 52:57
  were basically my first experience investing into
• 53:00
  startups. And you're right, the learning
• 53:01
  curve is quite high. Kind of don't know what you're
• 53:04
  doing. I'm just throwing a couple
• 53:06
  thousand there, a couple thousand there, a couple
• 53:07
  thousand there. I have no idea.
• 53:09
  So what would be like? It seems like it's.
• 53:13
  Thank you Opti for answering the question, but I'll pass it on to
• 53:16
  MAS like we. Got audio listed if.
• 53:18
  Someone wants to get started. What are the steps?
• 53:21
  So they head over to thunderfunder.com.
• 53:24
  What should they expect? What do they need to do?
• 53:27
  What is the process like for someone that has absolutely no
• 53:30
  experience doing this? So let's just start with, you
• 53:34
  know, we just got this license Monday of last week.
• 53:39
  So really cutting it down to the wire in terms of, you know,
• 53:43
  doing what we did in Nashville. You know, we had two, two booths
• 53:46
  and the pitch contest and the mainstage announcement.
• 53:50
  Definitely down to the wire. And the process for getting our
• 53:54
  application completed included really scrutinizing every word
• 53:59
  on our website. OK, so this will become more
• 54:02
  robust, right? Building out a community
• 54:05
  education, OK, hackathons, tournaments, other sort of
• 54:10
  resources. We want to help a lot of
• 54:12
  founders too. We want to do a lot of good.
• 54:14
  This is not just about join this platform and invest OK, that's
• 54:18
  great. We need those people, OK, But
• 54:20
  it's also about like, are you a builder?
• 54:23
  Are you looking for a job? Do you work in HR?
• 54:25
  Just building a community of people to get around to come
• 54:30
  into the open source and Bitcoin startup investing world.
• 54:37
  You know, we invested in pleb lab.
• 54:39
  I love car. They're going to be a very early
• 54:41
  partnership. OK, working with them on on on
• 54:44
  the grass roots of it. You know, John's from Bolt Fun
• 54:46
  Bolt fun is on a little bit of a hiatus, but that style.
• 54:49
  OK, so we need to put a lot in the community.
• 54:52
  And we also had to pass a, a very rigorous initial test for
• 54:56
  this website. So I look forward to a changing.
• 54:59
  But what do you do? You basically just click sign
• 55:01
  up. OK.
• 55:03
  And when we, we have our first live deal, which looks like it's
• 55:06
  going to be lane bits here in about 3 weeks, you'll just get
• 55:11
  an e-mail. You'll get an e-mail or you'll
• 55:13
  see that day. Hey, the you have an opportunity
• 55:15
  to invest in lane bits and you can read about the deal.
• 55:19
  You can view the pitch deck and you can ask questions, OK, with
• 55:24
  a message board and all that stuff.
• 55:26
  You can read the form C filing, which is actually what we had to
• 55:29
  file with the SEC to get the deal live.
• 55:32
  And then you can choose to invest.
• 55:33
  And right now in the beginning, we are, it's just a Fiat
• 55:38
  investment for now. We're working on implementing
• 55:42
  Bitcoin payments ASAP. That is something that we are
• 55:47
  working on very soon. And that was the number one
• 55:50
  request that we got at Lightning Ventures.
• 55:52
  How can I invest with Bitcoin? How can I invest using Bitcoin?
• 55:56
  You know, we were locked into the Angelus platform.
• 55:58
  They're great. Angelus is awesome, but they
• 56:02
  just have no desire to implement Bitcoin payments that and it's
• 56:07
  just never going to happen. So I'm really looking forward to
• 56:09
  that. I'm looking forward to all the
• 56:12
  boundaries that we can push. Like what about if you're a
• 56:14
  founder and you do a raise with with Thunder Funder and at the
• 56:19
  end when we're getting ready to close that maybe you had the
• 56:23
  option of accepting those funds in Bitcoin instead of just
• 56:27
  having to take a wire to your account, right?
• 56:30
  Or maybe there's a little slider that we can kind of do that.
• 56:33
  These things don't exist and we're going to do, I'm going to
• 56:36
  do my best to to try and bring all these exciting things out
• 56:40
  there. But so basically, Nico, you wake
• 56:43
  up in the morning, you get that e-mail from Thunder funder.
• 56:46
  It says, Hey, you can invest in any company today, right?
• 56:52
  Whatever the company is that we're going live with.
• 56:54
  And you say, yeah, must man, I'm in.
• 56:55
  Here's $200.00. And you click the button and
• 56:58
  maybe you want to use your American Express card and get
• 57:01
  some rewards there, or you want to do the ACH transfer, or maybe
• 57:06
  you want to send a $200.00 wire, which I would not recommend.
• 57:09
  But you're going to fund that deal.
• 57:11
  We're going to do our campaign with everything that we we do
• 57:14
  interviews, etcetera. And if we close that deal, let's
• 57:17
  just say that it's $100,000, OK? So not a huge deal because we're
• 57:21
  allowed to raise up to five million with this license, OK?
• 57:25
  So then what do we do? All those little investors are
• 57:29
  basically consolidated into one line item on that company's cap
• 57:33
  table and it'll say Thunder, Thunder Lane, Bits 001, whatever
• 57:38
  it is, OK, And we're going to ship that money and that's
• 57:41
  closed, OK. And in your dashboard, in your
• 57:44
  portfolio there, you'll see that you have one investment.
• 57:47
  Now this is completely illiquid, right?
• 57:49
  With all the disclosures and disclaimers and every darn thing
• 57:52
  that FINRA makes this do. That is the reality of it.
• 57:56
  There is no trading here. There are those things.
• 57:59
  Other platforms have those things, right?
• 58:01
  But we're not doing that, OK? So you know, you're just waiting
• 58:07
  at that point in time. There could be some liquidity
• 58:10
  opportunities down the road, but you need to assume that that
• 58:13
  $200.00 that you just invested in lane bits or strike or bring
• 58:18
  in or a mining company or whatever you're doing, you're
• 58:21
  building that portfolio. This is low time preference.
• 58:25
  It plays right into the same mindset that a lot of bitcoiners
• 58:28
  have, OK, it is very low time preference.
• 58:30
  So that's basically it. And.
• 58:33
  And, and, and that's something also like to, to keep in mind,
• 58:35
  right, Which is, it's not liquid, but it, it's you are
• 58:40
  essentially, you know, you are investing in a company that you
• 58:44
  believe has a, you know, you believe has a future and that
• 58:50
  company eventually either goes public or gets acquired.
• 58:54
  And that's where you potentially can make a tremendous amount of
• 58:58
  money. Now you know the probability of
• 59:01
  that. You know what?
• 59:02
  What's the statistic Muzz? Like one in every 10 start?
• 59:07
  It's like 9 out of 10 startups fail or something like that.
• 59:10
  So look, there's a lot of different numbers and some will
• 59:12
  say it's in the 70% and some will say it's 90% and some will
• 59:16
  just exclude the really big winners, right?
• 59:20
  You know, what's that Jeff Bezos quote?
• 59:21
  You know, give me a 10% probability of having something
• 59:25
  that'll do 100X and I'll take that bet, you know, every time.
• 59:30
  So look, your, your, your big wins, the big outliers, they
• 59:34
  call it return the fund will, will, will return the whole
• 59:37
  fund. Even for the ones that don't,
• 59:39
  because there's a lot of deals where maybe you just get your
• 59:41
  money back or maybe you get half your money back or maybe you get
• 59:44
  three times your money. OK, but they're not going to be
• 59:47
  those big returns. But those big returns are
• 59:50
  certainly out there. And if you use an example like
• 59:55
  pick any company, right? I don't want to pick one, but
• 59:57
  pick your favorite early stage Bitcoin startup and if they're
• 1:00:00
  raising on a $10 million safe note, right?
• 1:00:04
  And we're going to go into all kinds of education, we're going
• 1:00:07
  to have a bunch of cool info to really breakdown how these
• 1:00:10
  things work. What are these instruments?
• 1:00:12
  Are they really as complicated? Do you need to have Harvard MBA
• 1:00:16
  to invest in these startups? You do not.
• 1:00:20
  So it's a $10 million valuation and just back of the envelope,
• 1:00:24
  they become a. Half a billion dollar company
• 1:00:29
  OK, so that's a 50 Xer, right? That's fifty times your money.
• 1:00:36
  Now if you say all day long, well, why would I ever do this
• 1:00:39
  instead of buying Bitcoin? Why would I ever do this instead
• 1:00:42
  of something else? Right?
• 1:00:43
  It's not an either or and there are a lot of time periods where
• 1:00:48
  it will over perform and there are other short time periods
• 1:00:52
  where Bitcoin will over perform, right.
• 1:00:54
  So it's all about complementing it, right?
• 1:00:58
  It's, it's another asset class that you can invest in.
• 1:01:02
  Like when we raised our first fund in 2021, the Bitcoin price
• 1:01:06
  was like 6568 thousand, right? People invested, you know maybe
• 1:01:11
  they sold that amount of Bitcoin right .4 whatever it was and
• 1:01:15
  they invested 25,000 bucks into our first fund.
• 1:01:18
  Well, here we are later. That fund that I have has a
• 1:01:23
  small IRR markup, right? We have a small market it's
• 1:01:27
  single digits, OK. We just went through a
• 1:01:29
  bloodbath, OK? Everything else came after it.
• 1:01:32
  Block Fi and everything else went through a bloodbath.
• 1:01:35
  Here we are are on the other side.
• 1:01:37
  That fund's fully deployed and I get to to send the LP updates
• 1:01:41
  that there is actually a markup, right?
• 1:01:43
  It's performed positively and at that point in time during those
• 1:01:46
  updates, Bitcoin 53,000, you know, in the 40s, etcetera,
• 1:01:51
  right. So it all depends on the time
• 1:01:54
  horizon and what happens and kind of where you get in.
• 1:01:57
  And that can go the other way too, right?
• 1:01:59
  But I, I'm a big, I'm a big fan of diversifying and having
• 1:02:05
  investments in these startups because the odds of Bitcoin
• 1:02:07
  doing a 50X from here, you know, some new cool company, whether
• 1:02:14
  it's foundation devices, I'm picking up your other sponsors
• 1:02:17
  or the orange pill app, OK, which are both lightning
• 1:02:21
  ventures portfolio companies, by the way.
• 1:02:24
  You know, the odds of them doing a 10X or in a shorter amount of
• 1:02:30
  time than Bitcoin 10X in from here is a lot sooner.
• 1:02:34
  And it can happen very fast. And just in my own personal
• 1:02:37
  portfolio, you know, something, something that's up 70X in less
• 1:02:43
  than 24 months. I've seen it like a habit.
• 1:02:46
  I know it happens And I just, I'm not sure if bitcoins going
• 1:02:50
  to do that. Conversely, you know, throwing,
• 1:02:54
  throwing some Bitcoin into a secure storage and not doing
• 1:02:57
  anything with it. We all know it's not going, it's
• 1:03:00
  not going to zero. And there is actually an opera a
• 1:03:04
  chance that these other investments could, you know, So
• 1:03:09
  all of those disclosures, right? But the fact that the government
• 1:03:12
  last thing I'll say on this, the fact that the government doesn't
• 1:03:14
  want you to participate, OK, that you have to meet some
• 1:03:18
  nonsense hurdle, OK, They want you poor.
• 1:03:22
  They didn't want you buying Bitcoin.
• 1:03:23
  Half of them still don't want you buying Bitcoin.
• 1:03:26
  They don't want you investing in this stuff because these early
• 1:03:28
  stage technology investments, it's it's massive.
• 1:03:31
  When you look at the winds, it's massive.
• 1:03:33
  I mean, $10,000.25 grand in Uber's seed round was like 100
• 1:03:37
  million at the IPO. Like, I don't even know how you
• 1:03:39
  get that anywhere else. You know, 25 grand in Airbnb
• 1:03:42
  seed round was like 2 billion. Like with AB at the IPO, Like
• 1:03:47
  where? How do you do that?
• 1:03:48
  Yeah, that takes 11 years. OK, Eleven years.
• 1:03:52
  You had to wait. I think it was worth the wait.
• 1:03:55
  And those are two outlier examples, right?
• 1:03:57
  But there are there are many of those type of examples.
• 1:04:00
  But yet the government will let you walk into any casino.
• 1:04:04
  You don't have to meet any income requirement.
• 1:04:06
  I can ruin my life. I can ruin my life.
• 1:04:09
  And that's actually their business model.
• 1:04:12
  The casino relies on that, that they they need that to exist.
• 1:04:17
  And yet that's totally fine. But you know what if I want to
• 1:04:20
  put 1000 bucks and start nine? Oh no, no, no.
• 1:04:23
  The government needs to protect me from doing anything like
• 1:04:25
  that. So it's complete nonsense and
• 1:04:28
  I'm just excited that we finally have something that that's open
• 1:04:31
  to everyone. Absolutely, 100%.
• 1:04:34
  And and I can't, can't emphasize this enough to everybody.
• 1:04:37
  Like you're investing in the Bitcoin industry and you're
• 1:04:40
  investing in the Bitcoin ecosystem.
• 1:04:42
  So you're supporting Bitcoin entrepreneurs build Bitcoin
• 1:04:46
  products of which you are going to use, right?
• 1:04:49
  This is what you, this is exactly what Thunder Funder
• 1:04:51
  focuses on. You guys are focusing on
• 1:04:54
  essentially supporting and building out the Bitcoin
• 1:04:56
  industry and a lot of things that what I, what I've noticed
• 1:05:00
  with a lot and Opti and I are both in this vote, as you know,
• 1:05:03
  as you know, building in Bitcoin, even though it's it's a
• 1:05:06
  media company, it's a little bit different of a business model,
• 1:05:08
  but it's still a business nonetheless, you know?
• 1:05:13
  Yeah. So sometimes you have to invest
• 1:05:15
  in yourself. You do, you know, and we're
• 1:05:17
  taking the the masochist route of bootstrapping.
• 1:05:20
  But you know, not everyone, not everyone could do that, right?
• 1:05:25
  Let's have some fun right here. Let's have some fun right here.
• 1:05:27
  So you got this awesome Daily Show, right?
• 1:05:30
  Simply Bitcoin. You've been doing it forever.
• 1:05:33
  You guys grind like nobody's business, right?
• 1:05:35
  OK, you're here. You got this simply Bitcoin and
• 1:05:38
  you say to me, must damn it, if I just had 800 grand and we
• 1:05:42
  could do like you know, we could have like we could take it to
• 1:05:46
  the next level. We could do so much more and you
• 1:05:49
  have a plan, right, So you can bootstrap and you can grind it
• 1:05:53
  out and you can go that way. But you could come to Thunder
• 1:05:58
  funder and say, you know what, we're going to come up with
• 1:06:00
  something very creative and we work with you on Rs us, right,
• 1:06:04
  Some revenue sharing unit, OK, type of a deal for your media
• 1:06:09
  company that allows you to leverage that to all of your all
• 1:06:13
  your fans and all these people out there.
• 1:06:15
  And you know, if they invest 100 bucks or 200 bucks or 12 grand,
• 1:06:21
  whatever they decide to invest in you, it aligns them with your
• 1:06:26
  success. They're your biggest fans, you
• 1:06:29
  know, and it's really cool to be able to offer that to the people
• 1:06:33
  that, that are there to support you, right?
• 1:06:36
  You get to leverage them and you get to to to give them a return,
• 1:06:40
  right? You get to do the right thing
• 1:06:41
  and you get to involve them. So it's, it's something that I I
• 1:06:44
  really hope that creatively people like yourself, even, you
• 1:06:48
  know, creative mining deals, right, where you can invest Fiat
• 1:06:51
  and receive a dividend type of a payment in Bitcoin.
• 1:06:56
  OK, We can do a lot with this Reg CF license.
• 1:06:59
  A lot of the things that are out there in Normieland, you know,
• 1:07:02
  they do things like they'll, they'll buy Michael Jordan's
• 1:07:05
  first pair of tennis shoes and you know, you can invest in
• 1:07:08
  that, right? Yeah.
• 1:07:09
  The the government says it's OK without qualifying.
• 1:07:12
  All right, you want to invest 200 bucks into a share of
• 1:07:16
  Michael Jordan's shoes that they acquired from this auction.
• 1:07:19
  Now this is not, I'm not talking like crypto and now it's trick.
• 1:07:22
  No, I don't mean like that, but like that's that's the deal is
• 1:07:25
  you have that, that piece and then when they sell that OK or
• 1:07:30
  however that happens, you can earn a return.
• 1:07:32
  They do it with Picasso paintings, they do it with with
• 1:07:35
  other Fine Arts and they've gotten really creative on ways
• 1:07:39
  that they can utilize this license and sort of new ways
• 1:07:43
  straight debt deals at interest rates, right?
• 1:07:46
  Maybe there's somebody who's building the Bitcoin citadel,
• 1:07:49
  right? And he's got, you know, 700
• 1:07:51
  acres somewhere and there's a model and there's a whole plan
• 1:07:54
  for that, right? Or the private cities and those
• 1:07:57
  type of things, right? Really cool out there ideas and
• 1:08:00
  I I want to be creative in the things that we get on the
• 1:08:05
  platform. So I hope maybe we even do a a
• 1:08:08
  simply Bitcoin deal. Hey, Mas.
• 1:08:10
  Hey, Mas. You mentioned investing 100 or
• 1:08:12
  $200.00. Is there a minimum investment
• 1:08:15
  for the audience out there or like what's the requirement
• 1:08:19
  here? So that actually comes down to
• 1:08:21
  what the, what you guys want or what the founders want.
• 1:08:24
  OK, We'll be able to once we have a little bit more
• 1:08:28
  experience because we haven't closed a deal on there yet.
• 1:08:31
  I mean, we have experience from the accredited syndicate and
• 1:08:34
  Lightning Ventures. But once we figure out what
• 1:08:37
  people want, we can tell the founders what works best.
• 1:08:40
  But ultimately it's your decision and someone might have
• 1:08:43
  a, you know, I, I don't, I only, I want to have a $500 minimum.
• 1:08:47
  If that's what you guys want or if that's what the founder wants
• 1:08:49
  or whoever, then that's what we'll do.
• 1:08:52
  We're there to work with them if they say, you know, whatever
• 1:08:55
  works best for the platform and if the minimum is 100 or 250 or
• 1:08:59
  whatever it is, there's just ultimate flexibility.
• 1:09:01
  There isn't a set number. We want to do what the
• 1:09:04
  entrepreneurs and the founders want and what's best for them.
• 1:09:08
  So we're just here to work with them.
• 1:09:11
  Absolutely. I mean, that's beautiful.
• 1:09:14
  It's extremely exciting. Guys.
• 1:09:15
  Head over to thunderfunder.com today.
• 1:09:19
  Check it out, support invest into the Bitcoin ecosystem.
• 1:09:24
  What Mike was saying, this is alternative, right?
• 1:09:27
  And you know, it kind of gives you and it gives you an amazing
• 1:09:30
  opportunity. Like now it's it's easy to say,
• 1:09:32
  it's easy to say this in hindsight, but imagine if you
• 1:09:35
  had the opportunity to invest in something like strike in the
• 1:09:38
  very early days, right? I imagine if you had the
• 1:09:41
  opportunity to invest in some of your favorite Bitcoin companies
• 1:09:45
  that now are very well known. But you know, back then, you
• 1:09:50
  know, you had the opportunity to invest in them.
• 1:09:52
  You know, you already would have made and and you know, a great
• 1:09:55
  investment, right? So this is the type of
• 1:09:57
  opportunities. Trump said it in his speech.
• 1:10:00
  This industry is just in his infancy.
• 1:10:02
  I truly believe that. So yeah, it's, it's, you know,
• 1:10:06
  it's, it's extremely exciting. So I do want to thank Muzz for
• 1:10:09
  for coming on the show. Wait, let's give.
• 1:10:12
  Let's give Muzz. What is the last two sets?
• 1:10:15
  The final message you want to leave with the audience?
• 1:10:17
  It could be about Thunder Thunder.
• 1:10:18
  It could be about Bitcoin. It could be about life.
• 1:10:20
  What's the final message you want to leave with the audience?
• 1:10:25
  If you have any interest in learning about Angel investing,
• 1:10:30
  learning about early stage companies, being on the
• 1:10:33
  forefront of the coolest stuff out there, I I would urge you to
• 1:10:39
  join our group. Get in the full, check out
• 1:10:41
  thunderfunder.com, check out LTNG, dot Ventures, just get in
• 1:10:46
  the fold. And that was one of my greatest
• 1:10:48
  joys when I psychotically invested in over 1500 companies
• 1:10:52
  in all sorts of industries is you're really on the tip of this
• 1:10:56
  fear for everything that's going on.
• 1:10:58
  The people that are doing flying cars, the people that are doing
• 1:11:01
  drugs that make your dog live longer and VR headsets and all
• 1:11:05
  of these kind of things, right? You get to see it all, you get
• 1:11:09
  to, you get to see it all. And the, the, the innovation
• 1:11:13
  that you see from these companies, it's inspiring.
• 1:11:16
  It's inspiring to see what's going on.
• 1:11:18
  So, you know, as much as I am, you know, I'm tasked with
• 1:11:22
  shillingthunderthunder.com as much as I can.
• 1:11:25
  It's really to start building the community.
• 1:11:28
  We need a community of people that are not just investors.
• 1:11:32
  So if you're thinking, Oh, well, you know, I don't, I would never
• 1:11:35
  invest into into a startup. I would suggest just joining and
• 1:11:40
  getting in the fold and seeing what's out there.
• 1:11:43
  And we just went through like the craziest bear blow up.
• 1:11:47
  I mean, Silicon Valley Bank. I don't know if your audience
• 1:11:49
  was following that. There was a lot of of a lot of
• 1:11:52
  scared people. That was a pretty wild weekend.
• 1:11:55
  And I can tell you after being through the other side of it,
• 1:11:58
  you know, when the IPO market is robust and there's a lot of
• 1:12:01
  mergers and acquisitions, there's going to be so much
• 1:12:04
  consolidation in this Bitcoin world.
• 1:12:07
  What what they're going to buy a lot of these companies.
• 1:12:10
  And if we all know that this is going to work, just like in the
• 1:12:14
  late 90s and early 2000s, you know, you had a chance to, to
• 1:12:18
  Cisco Systems, you know, Microsoft, AOL, there was just
• 1:12:22
  so much that you could invest in at the time.
• 1:12:26
  So it wasn't just about the Internet.
• 1:12:28
  It was about all these things being built around the Internet.
• 1:12:30
  And that's what I'm all about is as if we know bitcoins going to
• 1:12:33
  win. What about everything else
• 1:12:35
  around it? And how do you do that?
• 1:12:37
  And you know what, not even that.
• 1:12:38
  Like it's fun. It's fun to own a piece of some
• 1:12:41
  of your favorite companies and startups.
• 1:12:43
  So that's, that's pretty much it for my show of the day guys.
• 1:12:47
  Well, dude, thank you so much for coming on the show, Mike.
• 1:12:50
  I've seen Mike. You know, I've seen Mike, I
• 1:12:55
  think about this, work on this for many, many years, and I've
• 1:13:00
  just seen kind of just this evolve into what it is today.
• 1:13:04
  I'm incredibly proud, might not understand fully because like I
• 1:13:07
  said, I'm a media guy, but I know his heart is 100% behind
• 1:13:12
  this and I'm incredibly excited to see how this ends up being
• 1:13:17
  built out. And I also think it's an, it's
• 1:13:19
  an opportunity. I've, I've, I've partaken in in
• 1:13:22
  when, when Mike was with lightning ventures of partaking
• 1:13:26
  put putting, you know, a couple $1000 behind some companies that
• 1:13:29
  I know the name of and just to, you know, kind of diversify and
• 1:13:34
  just, you know, cuz it's, it's always fascinated me.
• 1:13:36
  So happy to have Mike on the show today and hopefully you
• 1:13:40
  guys find it interesting as well.
• 1:13:41
  So head over to funderthunder.com today.
• 1:13:45
  This was your show for July 30th, 2024.
• 1:13:47
  This is simply Bitcoin live. I'm your host, Nico.
• 1:13:49
  This is my Co host, Optimus Fields and our special day.
• 1:13:53
  A special guest for today is Muzman from Thunder funder.
• 1:13:57
  All right, everybody, love you all.
• 1:13:59
  We'll be back tomorrow for a brand new episode of Simply
• 1:14:01
  Bitcoin Live. So it was brought to you by
• 1:14:06
  bitcoinwell.com on a mission to enable independence.