Latest / Simply Bitcoin / The 3 Reasons Why Bitcoin Can't Break Out Of $100K Range!! | EP 1329

Transcript

The 3 Reasons Why Bitcoin Can't Break Out Of $100K Range!! | EP 1329 · Simply Bitcoin

• 0:00
  Everyone is wondering why Bitcoin is stuck at the 100K
• 0:03
  range. Well, Doctor Jeff Ross, the
• 0:05
  world's best performing hedge fund manager, just revealed the
• 0:08
  three reasons that help explain why Bitcoin isn't $140,000 today
• 0:14
  and why he's predicting A prolonged Bitcoin bull market
• 0:18
  going into 2026. Before we get out there though,
• 0:22
  let's start from the beginning. Of course, I got, I got Sophie
• 0:26
  back with us. The wonderful Sophie.
• 0:27
  You guys have been asking about her, where she's been, and she's
• 0:30
  finally home. Anyways, let's break down this
• 0:33
  thread a little bit. So if you've been around, this
• 0:36
  might not be new news for you guys, but it is confirming a lot
• 0:39
  of stuff that I've been saying on the show.
• 0:41
  And you know me, I love to confirm my bias and show you
• 0:44
  guys that my 42 IQ is always on point.
• 0:48
  So Doctor Jeff Ross kind of explains this as his three
• 0:51
  burner theories. Essentially, once these burners
• 0:54
  get turned on, Bitcoin is going to RIP.
• 0:57
  And the first one is liquidity. So let's play this clip.
• 1:01
  We'll talk about it. And then I got a couple more
• 1:04
  clips. We'll explain what all three
• 1:05
  are. Bitcoin itself is the great
• 1:08
  absorber of liquidity and it's literally the inverse of Fiat
• 1:12
  currency. So if, if Fiat currency is
• 1:14
  rapidly expanding around the world, Bitcoin at some point is
• 1:18
  going to absorb that. And then I, I like to break
• 1:20
  things down into 3 categories. And I don't mean to talk about
• 1:23
  gold here because there's a lot of gold haters, but I came from
• 1:25
  Bitcoin previously as a gold bug because I was looking for sound.
• 1:28
  I'm I'm like Peter, but but instead of instead of staying on
• 1:33
  gold, I actually went to the next step and said, oh,
• 1:36
  obviously Bitcoin is 1000 times better than gold, Peter.
• 1:39
  But anyways, that's neither here nor there.
• 1:42
  Gotta gotta love the drive by shots on Peter Schiff here.
• 1:46
  But as it explained in the in the tweet here, of course, we've
• 1:49
  seen three straight years of of red hot monetary expansion.
• 1:53
  Now we're starting to see some contraction a little bit, or
• 1:56
  rather they were pivoting a little bit that there would be
• 1:58
  some contraction. Now it seems like we're most
• 2:01
  likely going to see more expansion of the money supply
• 2:05
  globally, every country around the world, at least all the ones
• 2:08
  that, well, I was going to say something that probably doesn't
• 2:11
  sound right, but at least all the big ones are in a position
• 2:17
  right now where having trouble. The national debts are getting
• 2:20
  out of control. They're starting to ease
• 2:23
  interest rates. Basically, the free money has to
• 2:25
  come back on the table because as Lynn Alden always says, they
• 2:29
  can't stop this train. And so global monetary supply
• 2:32
  bottom in Q 4/20/22 and has been expanding ever since.
• 2:35
  And of course, the central banks are flooding markets with fresh
• 2:38
  money. But as it says, liquidity is not
• 2:40
  alone and we all know Bitcoin does move along this idea of
• 2:44
  global monetary liquidity or global M2 money supply.
• 2:49
  So the liquidity is coming, but it's there.
• 2:53
  It just hasn't ended up in Bitcoin.
• 2:55
  And I do have a clip from the Black Rock CIO later, which I
• 2:58
  think is going to kind of show us again, another point of where
• 3:02
  we are in the zeitgeist right now that essentially, yes, Wall
• 3:06
  Street is bending the need of Bitcoin, but they haven't fully
• 3:09
  dove in yet. They, they're, they're not fully
• 3:12
  convinced yet. They're just kind of throwing a
• 3:14
  little bit of chump change into Bitcoin, maybe, you know, 1 to
• 3:17
  3% allocation into Bitcoin. But once they realize what is
• 3:21
  going on, and I think the gold price recently is showing us
• 3:24
  that there are starting to be some panics in the market, which
• 3:28
  obviously, as we like to say, hey, if gold's pumping this
• 3:31
  hard, eventually Bitcoin will pump now.
• 3:34
  So I know you're not the biggest macro expert here, but the first
• 3:38
  point's very simple. The more money in the supply,
• 3:41
  the more it's got to find a safe place to park and that is of
• 3:44
  course Bitcoin. So you get that much right?
• 3:47
  Yeah, I, you know, I was about to say, I think that it's
• 3:51
  interesting that these quote UN quote big economies are kind of
• 3:56
  being the slowest ones to adopt A Bitcoin standard.
• 4:01
  You see these smaller quote, UN quote economies, smaller
• 4:05
  countries like El Salvador and but well, southern country that
• 4:12
  that whatever I'm like. Bhutan.
• 4:13
  Bhutan, yes. Bhutan, I was like boss, like,
• 4:16
  no, no, no, it's Bhutan. You see these smaller economies
• 4:20
  adopting it because they see the opportunity and because the
• 4:24
  stakes aren't as high. The stakes for these huge
• 4:28
  economies are. They've literally never been
• 4:30
  higher and they're put against the wall right now.
• 4:33
  They're between a rock and a hard place where they have to
• 4:36
  either accept that their monetary system is not working
• 4:41
  and go into Bitcoin or just ride the ship all the way down and
• 4:45
  just like, see what happens. But I don't think that second
• 4:48
  option is very viable. And I think that it's kind of
• 4:52
  like the slow, painful process of accepting that their way just
• 4:57
  isn't working anymore, that a centralized financial system
• 5:01
  isn't working anymore, and that they are going to have to at
• 5:04
  some point, relinquish some control.
• 5:06
  Now, this happened with other industries as well.
• 5:10
  This is happening as we speak with the information age.
• 5:14
  You know, media outlets have not wanted to let go of control of
• 5:19
  the centralized centralization of information.
• 5:22
  And ever since the Internet has become a thing, I think they've
• 5:27
  had to, like, slowly adapt. Right now, you see legacy media
• 5:32
  pundits like, for example, Tucker Carlson.
• 5:34
  He switched from, you know, being on Fox News, Obviously he
• 5:38
  got fired, but like to having his own podcast.
• 5:42
  You see people, Megyn Kelly, she left legacy media and she has
• 5:47
  her own podcast. And this is happening, you know,
• 5:50
  across the board, it's, it's only a matter of time before
• 5:55
  this idea also takes hold of the financial industry.
• 5:59
  And so it's it's a slow, painful process.
• 6:02
  You know, the truth hurts and it's a tough pill to swallow,
• 6:05
  but the orange pill will set you free, ladies and gentlemen.
• 6:07
  So I'm, I'm just waiting for, you know, I'm, I'm, we're good.
• 6:12
  You and I are good because we've been sacking Sats.
• 6:14
  So now let's see if these big economies and big countries get
• 6:21
  a clue. Yeah.
• 6:22
  Well, it is interesting that you did say something that I think
• 6:26
  is probably the most important aspect of this is they will ride
• 6:29
  this ship as long as they can. And they're in that scenario
• 6:32
  right now where you're starting to see the panic and they're
• 6:35
  trying to do whatever they can to maintain their legitimacy.
• 6:38
  Obviously, from our perspective, they have no legitimacy at all.
• 6:42
  We, we don't believe that 12 people should control the money
• 6:45
  supply. We don't believe a small group
• 6:47
  of anyone should be controlling the money supply.
• 6:50
  That's why I guess we have given away our power to the algorithm,
• 6:53
  AKA the Bitcoin network. So we can't trust humans.
• 6:57
  And this is where we are. We do trust centralized power
• 7:00
  here to, you know, correct the economy And, and that's kind of
• 7:03
  what's going on. All right, let's move on to the
• 7:05
  second one. And I've been saying this for
• 7:06
  you guys. This is why I think I've kind of
• 7:09
  pivoted a little more towards the macro stuff.
• 7:12
  You guys have been, you know, you either love the macro takes
• 7:14
  or you're like, why do you care about the Fiat system, Opti?
• 7:17
  Like it's all only Bitcoin that matters.
• 7:18
  I'm like, guys, we are in the middle of one of the greatest
• 7:23
  moments in not only like economic history, but in human
• 7:27
  history. And the economic landscape is a
• 7:30
  bit tricky right now. There's a lot of weird stuff
• 7:32
  going on. There's a lot of upheaval, new
• 7:34
  technology. Of course, the Fiat system has
• 7:37
  to keep going. It's basically limping, but
• 7:39
  they're going to try to find some, you know, rocket fuel to
• 7:42
  keep it going. And so this is where #2 comes in
• 7:45
  is that the economic condition globally, not just in the US,
• 7:48
  but globally is in a very bad situation.
• 7:53
  So let's hear that clip and then we will come back.
• 7:56
  The second thing that's super interesting is the US economy
• 7:59
  continues to lag. So that so the US manufacturing
• 8:03
  indices that have been coming out, they've literally
• 8:05
  manufacturing has been in a contraction or in a bear market
• 8:08
  since 2022. So we're talking three years of
• 8:11
  basically a recession for the manufacturing sector.
• 8:15
  So again, as I've been telling you guys, I've been showing you
• 8:19
  a bunch of the different data going on.
• 8:21
  The global economy is stressed right now.
• 8:24
  It is rough. And even though the headlines
• 8:26
  are telling us, hey, everything's good, everything's
• 8:29
  better than it's ever been, Like, trust us, bro, look at
• 8:32
  these numbers. As I will break down later in
• 8:35
  the show, it's becoming very obvious that all the economic
• 8:39
  data is fake. It is all been fluffed up to
• 8:43
  make it look like it's doing better than it is.
• 8:45
  But when you go and talk to your friends and family, when you
• 8:49
  talk to people on Main Street, everyone knows that there's a
• 8:53
  problem. Inflation is going up.
• 8:55
  Our grocery prices are going up, rents going up, the two jobs
• 9:00
  that a lot of people are working can't pay for.
• 9:02
  Just the normal things we're used to.
• 9:04
  Like the economy is in a very perilous position right now.
• 9:09
  And this is probably the main factor, I think as to why
• 9:13
  Bitcoin hasn't really started running as we've all been
• 9:16
  talking about. You know, we, we've been
• 9:17
  bringing up the Google trends on this show a lot.
• 9:20
  There's no interest in Bitcoin. And one of my earliest
• 9:24
  takeaways, and you guys repeat this in the chat as well, is
• 9:27
  like, everyone's broke. Of course, they're not able to
• 9:29
  buy Bitcoin. They literally have no excess
• 9:32
  right now. Whereas in 2017 when things got
• 9:34
  crazy, literally we had governments giving us money, we
• 9:38
  had free money here. Now we're in a different,
• 9:41
  different era here and people are, you know, trying to just to
• 9:46
  this new paradigm we're in. It's like times are tough now in
• 9:50
  the Bitcoin world. We're, we're just, we really are
• 9:53
  just complaining that Bitcoin can't break out of 100K, but
• 9:55
  everyone else is having a hard time just surviving.
• 9:58
  And I think that's the biggest signal.
• 10:00
  People just don't have the free money anymore that they used to.
• 10:02
  They don't have the luxury and the profits.
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  Now they really have to cut back on what's going on because there
• 10:08
  is this global macroeconomic problems going on and people are
• 10:13
  feeling this. And of course, when things start
• 10:15
  start to go wrong, whether they know it or not, people start to
• 10:18
  tighten up their balance sheet. They, they start to tighten up
• 10:21
  their expenses. I think that's what's going on
• 10:24
  in, in at large in the macro landscape.
• 10:26
  So #1 liquidity is obviously in our favor #2 the economic
• 10:32
  landscape that we're seeing ourselves in right now is, is
• 10:36
  very uncertain. And of course, when it is
• 10:38
  uncertain, the people with the real investments, the real cash,
• 10:42
  what do they do? They sit on the sidelines.
• 10:44
  They wait until they get clear signals before they start to
• 10:47
  deploy that capital. I think that is like probably
• 10:50
  the biggest kind of headwind we've been facing this last year
• 10:54
  is people just don't know what's going on right now.
• 10:57
  And so they're piling in cash, they're piling in gold.
• 11:00
  They're just sitting on their normal investments because
• 11:03
  they're trying not to go too risky here.
• 11:05
  And of course, Bitcoin is still considered a risk asset.
• 11:08
  So that's the main probably driver right now.
• 11:11
  Yeah, that's exactly what I was going to say.
• 11:13
  And like the point that you were making about how people have are
• 11:18
  literally living on a day-to-day survival track right now, there
• 11:23
  is no access. You're right.
• 11:25
  It I think like, you know, and this has been going on for
• 11:27
  years. I did some St. interviews a
• 11:31
  couple of years ago and the I was asking people like, Hey, do
• 11:34
  you guys save money? Do you have investments?
• 11:36
  And the answer across the board was literally no.
• 11:39
  And if it was, yes, it was in something safe like a mutual
• 11:43
  fund or something that would give you like a 2 to 3% return a
• 11:47
  year. People are not emotionally,
• 11:51
  psychologically, spiritually in a position to put their money in
• 11:56
  something that they consider volatile and further something
• 12:01
  that they don't understand. Because when you don't
• 12:04
  understand that, then that's the thing that's also really big
• 12:06
  problem. A lot of people not only don't
• 12:08
  have the access, but they don't take the time to understand how
• 12:12
  Bitcoin works. And that's why programs like
• 12:15
  this this like simply Bitcoin are so important for you to
• 12:18
  share with your friends so that people can understand how they
• 12:22
  can escape this rat race and how this is so different from every
• 12:27
  other quote UN quote investment. This is an actual savings
• 12:30
  account that doesn't require you to go get a safety deposit box
• 12:34
  or take a trip every couple of years to Switzerland to, you
• 12:38
  know, get a bar of gold that you're absolutely just never
• 12:42
  going to use in your life. It's just not practical.
• 12:45
  This is the future. This is what people are going to
• 12:48
  use. This is how you know, the
• 12:50
  monetary system is moving forward.
• 12:52
  The governments know it, big institutions know it, everybody
• 12:56
  knows it. And now it's just a matter of
• 12:58
  you kind of learning for yourself and, and taking that
• 13:03
  leap of faith and shifting your paradigm.
• 13:06
  And, and I think that that's like also one of the biggest
• 13:09
  problems is that, you know, people don't want to learn about
• 13:12
  it. They don't want to.
• 13:13
  They don't want to understand it.
• 13:15
  Yeah, no. So you bring up a point that I
• 13:18
  think about constantly and you reminded it me, you reminded me
• 13:22
  of it with the those St. interviews.
• 13:24
  And I've seen a lot of St. interviews of and they're not
• 13:27
  like Bitcoin related. It's just like asking people,
• 13:29
  you know, asking strangers on the street to show them their
• 13:31
  bank accounts. And you'd be surprised just how
• 13:34
  little people are saving. Like savings is not sexy right
• 13:37
  now. This is why even talking about
• 13:39
  Bitcoin is hard for a lot of people 'cause one, they wanted
• 13:43
  to see their wealth increase, like they they just hey, give me
• 13:46
  gains overnight. And two, telling people to save,
• 13:49
  even though it's a tried and true blueprint, people don't
• 13:53
  want to save. They're like, I want to spend
• 13:55
  more money. I am not trying to say like
• 13:57
  savings is not sexy. Thanks to Honestly, that's
• 14:00
  thanks to social media when? Yeah. 100%.
• 14:03
  When you see people thriving on social media who are like making
• 14:07
  a living off of, you know, spending hundreds of thousands
• 14:10
  of dollars a year on furniture, on new clothes, on vacations
• 14:15
  that they literally go into debt for.
• 14:18
  That's the part that like most people don't understand is that
• 14:21
  like they go into debt for these excursions and luxury items and
• 14:27
  then they get paid afterwards. Maybe they're taking a risk
• 14:30
  themselves. Actually, this whole like social
• 14:33
  media thing is an investment in in and of itself.
• 14:36
  But people who don't know that look at that and they're like,
• 14:39
  huh, you know what, I want to live like that.
• 14:41
  I deserve to live like that. I work 2 jobs, I work super
• 14:45
  hard. Like why can't I live like that?
• 14:47
  And the reality is it's not you. It's not that you're not working
• 14:51
  hard enough. It's not that you don't deserve
• 14:53
  the things that these influencers have.
• 14:56
  It's that the money is fundamentally broken.
• 14:59
  And if the money is broken, no matter how hard you work and no
• 15:03
  matter what you do, you're not going to be able to catch up and
• 15:06
  get to these things. And yes, saving has been a tried
• 15:10
  and true thing, But what happens when you're saving in dollars?
• 15:14
  What happens when that inflation tax starts eating away at your
• 15:17
  savings and you don't even know that it's happening?
• 15:20
  You know, and, and again, that's why I come back to the fact that
• 15:22
  most people are just not educated on first, how the, you
• 15:27
  know, our monetary system works and second of all, how Oh my
• 15:31
  God, that's so funny. I need to finance my DoorDash.
• 15:35
  Just cook at home. Klarna, your burrito.
• 15:38
  Bro watch a YouTube channel like on cooking.
• 15:41
  It's free. So yeah, I it's, it's, it's a
• 15:46
  lot about how our society is just like messed up right now
• 15:51
  and, and how we view things, but it's also very much a lack of
• 15:54
  education, financial literacy. Totally.
• 15:57
  And I mean, look, everyone is in a pretty bad economic situation,
• 16:03
  even though the headlines are telling us, hey, it's the best
• 16:06
  it's ever been when you get down to the data, which is still
• 16:09
  fake. And so you could look at the
• 16:11
  official data and it's still showing you it's not good.
• 16:15
  Even though they try to gaslight us into telling us it's good,
• 16:17
  it's still not good. And it's literally like I, I
• 16:20
  think at this point it's like 50% fluffed.
• 16:23
  So it's probably, you know, twice as bad as they're telling
• 16:27
  us. So one, global liquidity is the
• 16:30
  first burner for Bitcoin. 2, the economic situation is rough for
• 16:33
  everyone. And we make it worse by being
• 16:35
  materialistic, going into debt, buying stuff.
• 16:37
  So people basically either are smart and, and holding their
• 16:41
  capital on the sidelines or they're just absolutely wrecked
• 16:45
  and they're in too much debt and they don't really have money to
• 16:48
  invest in Bitcoin. And then the third one here,
• 16:51
  let's get to the third one, which is as they call it,
• 16:54
  leverage in animal spirits. Basically, once everyone gets
• 16:58
  the signals they need from the economy, from the markets,
• 17:02
  that's when they go in hard, That's when they get over
• 17:04
  leverage. That's when the FOMO kicks in
• 17:06
  and that's probably when the Bitcoin price rips overnight.
• 17:10
  So let's get the last one and then we'll wrap up this thread
• 17:14
  #3 is at once we get once the economy is running hot, once
• 17:17
  people are feeling confident in the economy and they're making
• 17:21
  money and they have money to speculate with, they start using
• 17:24
  leverage and they start pushing up the price of Bitcoin.
• 17:26
  And that's when they go further on the risk curve and do stupid
• 17:29
  stuff like bet on crypto nonsense and altcoins.
• 17:32
  And I think that's why we'll have a little bit of a cycle for
• 17:34
  those as well. But I don't really care about
• 17:36
  those. But I still think the good times
• 17:38
  are coming. It's just been delayed by
• 17:40
  several months because of all of this, the new administration and
• 17:43
  their policies that have created a bunch of uncertainty in the
• 17:47
  exactly that is the whole thing. Now I know everyone's asking all
• 17:51
  this whole the whole time this year in the chat self.
• 17:54
  Everyone's like all right, cool. Best, best news cycle ever.
• 17:58
  But like, when are we getting out of 100K guys?
• 18:01
  Like, you know, we've been seeing a lot of predictions.
• 18:03
  We're seeing the amount of capital that's potentially
• 18:06
  coming into Bitcoin and everyone's like just get me to
• 18:09
  like 200 K first, please, before we start talking about crazy
• 18:13
  price movements. Such complainers.
• 18:16
  You guys should have heard me complaining before the show.
• 18:18
  Yeah, I don't. No but for real we're such
• 18:24
  complainers like we spent the first like these last four
• 18:28
  years. Like when are we getting to 100
• 18:31
  Ki? Want to get to 100K ball?
• 18:34
  100K came and went and now we're at 113 K.
• 18:38
  When are we going to get to 152100K bro?
• 18:41
  Sounds just like me. I'm so bored here so.
• 18:44
  Patient. Well yeah, but people need to
• 18:46
  understand the world is so messed up right now economically
• 18:50
  and and Bitcoin is still the best performing asset in the
• 18:56
  last 15 years. Like what else do you people
• 18:58
  want Satoshi more? Be a shame.
• 19:01
  I want more I'm the Kobe meme. More No.
• 19:04
  I know me too, like listen, I'm human.
• 19:07
  I want more, more money for furniture and girl things all
• 19:12
  right. However, however, I think I
• 19:17
  think we really need to be patient and also like you need
• 19:20
  to lower your expectations because September is coming and
• 19:24
  it's not just supposed to be going sideways here.
• 19:27
  I think like we're about to dump.
• 19:30
  Wow, self bearish on the show. But it's just for a little bit
• 19:34
  because then we're. Going to talk about that later
• 19:36
  so because I said that yesterday too.
• 19:38
  Yeah, here, talking about this later.
• 19:40
  I said that same thing yesterday and everyone freaked out.
• 19:43
  They started calling me a bear. Well, I think that if you think
• 19:46
  we're a bear, you need to smash like Button and share the show
• 19:48
  with your friends. OK, keep.
• 19:51
  Watching so that you can hear us be bullish in like about 20
• 19:55
  minutes. Literally in a day, we're going
• 19:57
  to be we're going to be bullish, all right?
• 19:59
  Yay, give it 10 minutes. Yeah, no, in a week, in a week,
• 20:02
  we're going to be bullish. All right, so here, just summing
• 20:04
  up, here's the problem that doctor Jeff Ross identified 1
• 20:08
  the burner one, which is liquidity, suggests Bitcoin
• 20:11
  should be trading 40% higher. There's just so much liquidity
• 20:14
  it just hasn't found its way into Bitcoin.
• 20:16
  And then burner 2, the economy is acting like a brake pedal.
• 20:20
  And the result is bitcoins been trapped in this, you know, 120
• 20:24
  hundred 510 range here for the last, what, all of this year,
• 20:29
  910 months. And so he was originally
• 20:32
  predicting a blow off top Bitcoin bull run peak in Q4 of
• 20:37
  2025. But as he said, since it's
• 20:39
  delayed, we might be seeing more movement going into 2026.
• 20:45
  And so when the price stayed stagnant, Doctor Jeff Ross said
• 20:48
  he was like, OK, I need to adjust this.
• 20:51
  And you know, like any smart person and you guys yell at me
• 20:54
  all the time. It's like, Opti, you said this
• 20:55
  like a month ago. And I'm like, yeah, I got new
• 20:58
  data and I've updated my thinking.
• 20:59
  I can change my my, you know, my real time thoughts on this show.
• 21:04
  When I have incomplete data, I start changing it up because now
• 21:08
  I have new information. So when all three of these start
• 21:10
  firing again, the liquidity continues to expand.
• 21:13
  It looks like we're going to see money printer get turned on
• 21:17
  either like in a week or end of Q4 or continuing into 2026
• 21:25
  because potentially, you know, Jerome Powell seems to be on his
• 21:28
  way out and it seems like Trump is stocking the Fed with people
• 21:32
  that are aligned with him. So the money printer is about to
• 21:36
  come on. And then the economy accelerates
• 21:38
  rapidly, which is kind of what all the upheaval is about.
• 21:41
  They had to basically turn the boat.
• 21:44
  And if they are able to figure this out, then once that kind of
• 21:47
  turns around, then of course the coin and the markets are going
• 21:52
  to get frothy. And then once they get frothy,
• 21:54
  that's when the FOMO and speculators come in and this is
• 21:57
  when we will get our hockey stick.
• 21:58
  So he is now thinking that we'll see a delayed cycle peak in the
• 22:02
  first half of 2026, which is actually what a lot of the
• 22:06
  people in the chat been saying they're like Q2 2026 is when we
• 22:09
  get blow off top. I've been saying for the last
• 22:11
  couple of weeks that it does feel like we are going to be
• 22:14
  pumping into Q6. So if we start to see Q Q4 of
• 22:19
  this year get a good run, I don't think it's going to end it
• 22:23
  around Christmas like it usually does.
• 22:25
  I don't think December is going to be the end of this.
• 22:27
  I'm thinking maybe it's going to be somewhere around March of
• 22:31
  2026. If we do see a parabolic bull
• 22:34
  run, we'll start to see a little cooldown going into about Q2 of
• 22:38
  2026. And as we're seeing, it's just
• 22:41
  like it's been a, it's been a weird year for everyone.
• 22:44
  And of course, Bitcoin does as of now follow a lot of the the
• 22:48
  traditional markets because the big players are watching the
• 22:51
  traditional markets and that's how they start to judge whether
• 22:54
  they should be selling assets, holding assets.
• 22:57
  And for better or worse, we are still, you know, a tiny pimple
• 23:00
  on the butt of traditional global capital markets.
• 23:03
  And so if they move, you know, if they sneeze, then Bitcoin
• 23:07
  pukes. And so that's where we are right
• 23:10
  now. But Bitcoin does seem to rebound
• 23:12
  stronger and quicker than anything else.
• 23:14
  And I will talk about this a little later because again, I
• 23:18
  got a lot of Flack yesterday. Everyone's calling me a bear
• 23:20
  because I was thinking, hey, look, I think these interest
• 23:23
  rate cuts are on the horizon and we have more information on
• 23:26
  this, but I don't think it's going to be just like a catapult
• 23:30
  instantly and we start to get bullish markets.
• 23:33
  There might be a correction like, you know, right when it's
• 23:36
  announced. So there might be a dip.
• 23:38
  I don't know where it's going to go.
• 23:40
  This is kind of my like hedging my own thinking here.
• 23:44
  Personally, I'm bullish. We know what happened in 2024
• 23:47
  when interest rates got cut it, it sent the markets, but I'm,
• 23:53
  I'm starting to think maybe they don't have the control of the
• 23:57
  markets that they think they do. And if that's the case, that's
• 24:00
  the bearish scenario where markets react unfavorably.
• 24:03
  So look, I'm, I'm bullish, I'm bullish long term guys, just you
• 24:07
  know, I'm, I'm hedging my my thinking here.
• 24:09
  So you guys don't think I'm just too bullish on the show anyway
• 24:12
  so. I think historically, you're not
• 24:15
  wrong. Every time that there's been a
• 24:17
  sell the news event, Bitcoin has actually dipped, but then it
• 24:22
  goes up a couple of days later. So again, this is part of the
• 24:26
  Bitcoin ethos. This is called delayed
• 24:28
  gratification, low time preference.
• 24:32
  And this is when we have to start living our values as
• 24:36
  bitcoiners, not just tweeting about it for likes online, I
• 24:42
  think. I think it's really hard.
• 24:45
  Shot fired. It's really hard, but we are
• 24:48
  we're we're really living the Bitcoiner lifestyle here with
• 24:51
  this delayed gratification. And I think also the fact that,
• 24:55
  you know, it's not going to end in September or sorry in
• 24:57
  December, it's not going to be like the regular peak that we're
• 25:01
  all used to. That's good too.
• 25:04
  Honestly, I think that's good for the stability of Bitcoin.
• 25:08
  So if this means not the end of cycles but like the changing of
• 25:14
  cycles, I think that's that's OK.
• 25:19
  Polish, I think Bitcoiners are the only ones that look, you
• 25:23
  guys know me. I am as big a moon boy as anyone
• 25:26
  else. I am a moon boy.
• 25:27
  I am a I'm AI, am a obvious moon boy.
• 25:32
  I wear it as a badge. It used to be kind of a
• 25:35
  derogatory term. I'm a moon boy.
• 25:37
  I want to see Bitcoin RIP. But I think bitcoiners are
• 25:40
  probably the only people that are invested in any asset that
• 25:43
  when it goes down, we're like, cool, I get more of it.
• 25:46
  My time is worth more now and I know it's going to rebound.
• 25:49
  So all of this really, you know, is just so you can kind of grasp
• 25:54
  where we are in the landscape of global markets.
• 25:58
  And so does this change our thesis around Bitcoin?
• 26:01
  Not at all. Our thesis is still the same.
• 26:04
  It's going to go up 21 million, hard cap everything divided by
• 26:08
  21 million. People are starting to trickle
• 26:10
  into Bitcoin. People are starting to realize
• 26:12
  that they can't ignore this thing anymore.
• 26:15
  So if you are newer, it's still the same game plan.
• 26:19
  Stack sats, stay humble, stay solvent and chill.
• 26:23
  It's all you got to do. Buy Bitcoin, or rather save in
• 26:27
  Bitcoin. Make sure you secure that
• 26:28
  Bitcoin and just repeat this process and don't dump your bags
• 26:33
  because the markets are getting weird out there.
• 26:35
  This is the buying opportunity of a lifetime.
• 26:38
  Once it rips, it's going to be hard to see it coming back down
• 26:42
  here. So you might not get these
• 26:43
  prices for too long. This is the time to buy.
• 26:46
  But I do want to mention this tweet here or this comment
• 26:49
  shouts at the Ron P with the $5 super chat.
• 26:53
  He said the usual $10 is reduced to $5.00 because of the bear
• 26:57
  tardedness. Hey, I'm still bullish, man.
• 26:59
  I'm just looking at the track, you know, I'm just looking at
• 27:02
  the markets and I'm like, dude, I think they're cooked, OK?
• 27:05
  I think they're cooked. And I don't think anything
• 27:08
  they're going to do will really change the course of where it's
• 27:12
  going. One rate cut isn't going to
• 27:14
  change the last four years. They they still have a lot of
• 27:17
  work to do so in the short term again, like I said yesterday,
• 27:21
  this is still bullish. The short term there's going to
• 27:23
  probably be some pain this month, there might be some pain
• 27:26
  again historically, September is like the worst month and Bitcoin
• 27:29
  returns, but hey, Q4 is around the corner guys so cheap stats
• 27:33
  before we start ripping. I don't know sounds bullish to
• 27:36
  me sounds super bullish to me. OK on this is.
• 27:40
  This is everybody with a second property or whatever alternate
• 27:46
  investment in real estate you might have.
• 27:48
  This is your last chance to to sell that beach house and trade
• 27:53
  it for Bitcoin so that you can possibly get a bigger beach
• 27:56
  house next cycle. Let's go.
• 28:01
  OK, guys, on that note, like I said, I have a new clip coming
• 28:07
  from the CIO BlackRock. You can read this clip in a few
• 28:10
  different ways. But he also said very, very
• 28:14
  simply, assets are going to explode.
• 28:17
  We have some new news from the rage around FinCEN and the Bank
• 28:21
  Secrecy Act that looks like Treasury is starting to
• 28:25
  reconsider that, which is extremely bullish.
• 28:29
  And then towards the end, the culture.
• 28:31
  I, I'm, I'm basically guys, I'm making my case here.
• 28:34
  You guys told me yesterday, I literally got a text from one of
• 28:36
  my buddies and it was like, dude, Opti, how are you such a
• 28:39
  bear on the show? So I'm going to make my case
• 28:42
  again because you guys must be mishearing me.
• 28:45
  OK? I'm not bearish on Bitcoin.
• 28:47
  I'm bearish on Fiat, OK? It's two totally different
• 28:50
  things. It's, it's very simple.
• 28:52
  Anyways, I do want to give a shout out to our boys over at
• 28:55
  Bitcoin. Well, go to
• 28:56
  bitcoinwell.com/simply BTC, Oh, I'm on the wrong one look at
• 29:02
  that whatever it's fine scan the QR code and you will get three
• 29:07
  chances to win a million sets in the Bitcoin wishing well.
• 29:11
  And I do remember that I forgot to do it yesterday.
• 29:13
  I saw you guys trolling me at the end of the show so I remind
• 29:17
  me I will make sure I give you guys some free Bitcoin at the
• 29:20
  end of the show. Maybe give me a heads up as I'm
• 29:23
  wrapping up because I might forget in 20 minutes.
• 29:25
  I'm I'm like a goldfish here, but scan the QR code.
• 29:28
  Of course, the reason we love them is because they can never
• 29:31
  rug pull your Bitcoin. They have never lost Bitcoin and
• 29:33
  they will never lose Bitcoin because they never hold the
• 29:36
  Bitcoin. Once the Fiat goes through, it
• 29:38
  goes directly to your cold storage is the best way to buy
• 29:40
  your Bitcoin. All right, on that note, let's
• 29:42
  get into the rest of the show. I want to give a shout out to
• 29:51
  our partner Stamp seed. Is your Bitcoin and cold storage
• 29:55
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• 30:52
  and use promo code simply to get 15% off anything on the Stamp
• 30:57
  se-ed.com store. OK, here we are on Clark Moody's
• 31:05
  dashboard. The current Bitcoin price is
• 31:07
  113,980, a decline from all time high is -8.4.
• 31:12
  So the price is pumping, guys. It's, well, I mean, I guess it's
• 31:16
  pumping. You know, we were at what, 110
• 31:18
  yesterday? I know it kissed 114 earlier
• 31:20
  today. So hey, there's still some life.
• 31:23
  We're improving, yeah. There's life.
• 31:25
  You know what a little bit of progression is good.
• 31:28
  We'll we'll take that. So the market cap currently at
• 31:30
  2.27 trillion and the current block height.
• 31:32
  Tick talk. Next block Bitcoin works exactly
• 31:34
  as designed. We're at 914 and 96914096.
• 31:40
  So first of all, you know, don't get sidetracked by Pete Rizzo's
• 31:45
  click bait hyperbolic tweet here.
• 31:50
  I, I don't know if it's as bullish as this tweet makes it
• 31:52
  out to be, but this is an interesting pulse check of how
• 31:56
  institutions are looking at Bitcoin.
• 31:58
  There's a few points of this that I do want you guys to focus
• 32:01
  on. So let's check this out and
• 32:03
  we'll be right back. What do you think the ideal
• 32:06
  portfolio is supposed to look like today?
• 32:09
  We're surrounded by investors. We're surrounded quite literally
• 32:13
  by financial advisors who are thinking about that retail
• 32:18
  investors who who are watching, I mean, what does it look like
• 32:21
  today very different than the past.
• 32:23
  So maybe I'll start with start with the equity market.
• 32:25
  I mean, the first thing I would say, we're going through the
• 32:28
  most extraordinary technology dynamic I've ever seen before.
• 32:31
  I would stay long. Equities, by the way, you can
• 32:33
  buy Vol. You can buy volatility very
• 32:35
  cheaply to manage your exposure. And stay long equities oriented
• 32:39
  to where growth in technology is.
• 32:41
  In fixed income, income is amazing.
• 32:44
  You're still clipping 6%. Would I stay five years in end
• 32:47
  on the curve? I'd still clip that coupon.
• 32:49
  We're extending a little bit out.
• 32:51
  And then quite frankly, I mean, there's some interesting things
• 32:53
  to do in privates, bespoke markets and I think hard assets
• 32:58
  have to enter the equation today, gold, Bitcoin, things
• 33:02
  that give you a little bit of ballast in the portfolio against
• 33:05
  potential for currency depreciation.
• 33:06
  When you talk about Bitcoin should be part of the portfolio,
• 33:09
  what type kind of percentage are you thinking about?
• 33:12
  Is it a 5%, which generally seems to be what people are
• 33:15
  talking about, more or less? It seems high to me, the So I
• 33:18
  run our global global allocation fund.
• 33:20
  You know, we're running long equities, you know, we're heavy
• 33:23
  income. You know, we're running, you
• 33:25
  know, in the three to 5% region on gold.
• 33:29
  Gold strikes me today as a better currency hedge.
• 33:33
  Bitcoin tends to trade with Vol, tends to trade with the NASDAQ.
• 33:36
  So we're running considerably lower than that in in crypto.
• 33:40
  I just think it's going to go up and I think it's a good
• 33:42
  expression, but 5 seems high to me.
• 33:44
  But it depends. Where you are in your life and
• 33:46
  and how much risk you want to take.
• 33:48
  Well, we'll see on the stage. The big stage, I said, is our as
• 33:51
  the headline speaker, the keynote today.
• 33:52
  Rick Reader, thank you Love, love to see it, love to see it.
• 33:57
  So a few things before we really chat about, you know, the the
• 34:00
  big, big conversation here. One, as we constantly tell you
• 34:04
  guys, and now it's seeming seemingly going into the
• 34:08
  mainstream, we are in the if not the greatest, one of the
• 34:12
  greatest technological shifts in the moment.
• 34:15
  And of course, I think it's going to be driven with Bitcoin.
• 34:17
  Most people kind of lean on AI as that's what the technological
• 34:21
  shift I think it's going. It's basically Bitcoin and AI
• 34:25
  gets all the hype and all the buzz, but Bitcoin is the
• 34:27
  fundamental tech technological shift that is going to change
• 34:31
  everything. And now the second thing, of
• 34:33
  course, as he was saying like there's some interesting plays
• 34:36
  in the market, specifically, you know, all the other vehicles and
• 34:39
  mediums that that he's talking about, products that he's
• 34:41
  talking about. I totally ignored them.
• 34:43
  But he did say, you know, assets are going to go up.
• 34:46
  Yeah, I wonder why the money printer is about to go Burr.
• 34:49
  So of course assets are going to go up.
• 34:51
  But the interesting take of this is not that he said, oh, I think
• 34:56
  Bitcoin's going to go up a lot or crypto is going to go up a
• 34:58
  lot. I think the interesting take of
• 35:00
  this is when he was asked, what is your portfolio allocation?
• 35:04
  And they said, So what, like 5%, which to us is, is just like
• 35:08
  laughable. You're like, oh, you're only
• 35:09
  putting 5% in Bitcoin. Like smart move, bro, super
• 35:12
  smart move, man. Really, really taking the risk
• 35:15
  on that one. He's like, no, that's too high.
• 35:18
  He's like, I'm in the three to 5%.
• 35:20
  So I think this is a good pulse check of what the big, big
• 35:24
  institutional managers, what Wall Street thinks of Bitcoin.
• 35:27
  Yes, there, as I said yesterday and been saying the last couple
• 35:30
  of weeks, yes, they're dipping their toes in Bitcoin, but at a
• 35:34
  3% allocation that like 5% is too high for them.
• 35:38
  We're we're talking about sailors saying you need to go
• 35:41
  150% in Bitcoin. Like what are, what are we, what
• 35:44
  are we talking about your 5%? And buy some Bitcoin.
• 35:49
  Like it's it's laughable how late they are today.
• 35:52
  Talk about how it's in his best interest to talk about how real
• 35:56
  estate is going to go up. Yeah, boomers love real estate.
• 36:00
  No, but BlackRock, Yeah, Specifically.
• 36:03
  Loves real estate. They own all the real estate.
• 36:06
  Yeah, I. But that number 5% is too high.
• 36:12
  I think this is a perfect zeitgeist of what Wall Street
• 36:16
  thinks of Bitcoin. They're like, look, let's throw
• 36:18
  a quarters to Bitcoin and then we'll talk later.
• 36:21
  BlackRock owns more than 5%. Like was he talking about his
• 36:25
  personal? Yeah, I think that's personal.
• 36:27
  That was that was personal portfolio.
• 36:30
  Has you know more? Than 5 million coins now or like
• 36:34
  700,000 coins or something. But again, that's not BlackRock
• 36:38
  Coin. That's customers buying the ETF.
• 36:41
  Ever. It's in, it's under black.
• 36:43
  I get it. I get it.
• 36:44
  Keys not your cheese. I get it.
• 36:47
  But the 1% love their 1%. Exactly.
• 36:51
  Hey, look, let me just throw 1% at it.
• 36:54
  This is true. This is true, I think.
• 36:55
  He's lying. I think he personally owns a lot
• 36:58
  more than 5% of his personal portfolio in Bitcoin.
• 37:01
  I think he just doesn't want to say but.
• 37:05
  Whatever yeah agreed agreed they're they got to be
• 37:09
  conservative on the television. Obviously they still have to
• 37:12
  think about their reputations and for better or worse, where
• 37:15
  we are right now is it's no longer you know career suicide
• 37:20
  to recommend Bitcoin, but it is career suicide to go full
• 37:24
  sailor. You know, you, you can't go full
• 37:25
  sailor on, on all of the Wall Street conversations,
• 37:29
  institution conversations. So they're like, hey, you know,
• 37:32
  3% sounds good. But as a lightning good said, if
• 37:35
  they all went in 5%, we probably passed the gold market cap.
• 37:39
  Like, yeah. So hey, baby steps.
• 37:42
  I'll take baby steps here. They may not be all in on
• 37:45
  Bitcoin yet, but we'll take, we'll take a little bit of their
• 37:49
  capital and then, you know, pump our bags a little bit.
• 37:51
  Hey, I'm, I'm OK with this. Bitcoin's for enemies.
• 37:52
  You know, I'm I, I love rich people as long as they buy
• 37:56
  Bitcoin. I love Bitcoin billionaires. 100
• 38:00
  percent, 50% is too low. Selling Opti as the video was
• 38:05
  going. I love it when billionaires know
• 38:07
  something that I already knew. It's like we frame the
• 38:11
  billionaires guys like we did it.
• 38:14
  Well, it also on the flip side, just shows that either one,
• 38:18
  billionaires aren't as smart as people make them out to be.
• 38:22
  Like they're no different than than we are.
• 38:24
  They just understand something of the market that other people
• 38:27
  didn't. And of course just kept going a
• 38:29
  long time when we're persistent about it.
• 38:31
  Or, you know, blowing up my own ego here.
• 38:33
  Maybe we're a lot smarter than we say we are.
• 38:36
  Maybe you, maybe I don't have a 42 IQ.
• 38:38
  Now that's that's a lie. We all know.
• 38:40
  We all know I do have a 42 IQ but hey.
• 38:42
  Stop telling people you're smart off.
• 38:44
  Dude, yeah, that let's not. We're gonna.
• 38:46
  Get put on the list. Yeah, exactly.
• 38:50
  I'm not smart. I'm I literally have a 42 IQ.
• 38:55
  So don't don't take financial advice for me.
• 38:57
  I'm just a guy that covers Bitcoin news, you know, and I
• 39:00
  love this. So anyways, let's keep this
• 39:03
  moving. We have an interesting story
• 39:04
  before I make my case that I think I, I think the markets are
• 39:09
  in for a little trouble guys. But news first.
• 39:13
  We're we're seeing some potential reform around the Bank
• 39:17
  Secrecy Act, which would be I, I would say incredible here.
• 39:20
  So let's let's cover that and then and then we'll have a
• 39:23
  little fun at the end of the show.
• 39:26
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• 40:55
  Stay connected, stay independent, stay sovereign.
• 40:58
  Go to sat123.com/simply today and use promo code simply to get
• 41:04
  15% off anything on the store. Sorry guys, storm just hit us.
• 41:19
  Storm. It literally just hit us.
• 41:20
  So sunny. Like 2 seconds ago it was like a
• 41:24
  beautiful day and now? Yeah, so, hey, if if, if
• 41:28
  electricity pops off, you know why I think we'll be good.
• 41:31
  No, it hasn't. But I keep warning them because
• 41:33
  it it's just dumping and I'm like, OK, let's hope the like,
• 41:36
  let's hope the show last anyways, All right, so first of
• 41:41
  all, shout out the rage. I've been hyping up the rage for
• 41:44
  a minute. They've been doing incredible
• 41:46
  work in regards to privacy in the Bitcoin space and then
• 41:51
  further in the traditional financial markets.
• 41:53
  And so their latest report dropping this morning is this
• 41:56
  very interesting story. So treasury is working on Bank
• 42:01
  Secrecy Act reform Fin Cen director says And again, you
• 42:06
  know, Lola, I, I, I'm pretty sure this is Lola who writes
• 42:09
  this stuff. She is a how do I say this very
• 42:13
  flamboyant in her writing and has a a very strong bias, which
• 42:18
  I personally love. You may not like this because
• 42:22
  you want a journalist that is quote UN quote more unbiased,
• 42:25
  but personally, I I love her journalism.
• 42:27
  So the subtitle is, while she has no idea how many PSA reports
• 42:32
  have led to arrest, reevaluating the Bank Secrecy Act to improve
• 42:36
  efficiency is, quote, key objective for this
• 42:38
  administration. And she goes on, banks hate it,
• 42:41
  businesses hate it, the people hate it.
• 42:42
  And increasingly, lawmakers are beginning to hate it too.
• 42:45
  The Bank Secrecy Act placing broad reporting requirements on
• 42:48
  financial institutions, causing them to collect anything from
• 42:51
  your birthday, to quote, suspicious transactions.
• 42:55
  The BSA, the Bank Secrecy Act has first and foremost been a
• 42:58
  complete failure in curbing financial crime.
• 43:01
  While the Bank Secrecy Act is by far not the only piece of
• 43:04
  legislation signed into law by the ultimate illiterate Richard
• 43:07
  Nixon that's managed to screw up our financial system 55 years
• 43:11
  into the future, his other most prominent achievement was, of
• 43:14
  course, ending the gold standard.
• 43:16
  It's it is likely the most annoying one, at least for
• 43:18
  banks, businesses, and anyone trying to access their finances,
• 43:22
  and should be respectively ended.
• 43:29
  Let's let's go there. So now the Treasury is actively
• 43:33
  looking into reforming the Bank Secrecy Act.
• 43:36
  They said in yesterday's hearing on the evaluation of the
• 43:39
  Financial Crimes Enforcement Network, Vincent, that took
• 43:42
  place before the GOP Financial Service Committee.
• 43:45
  So apparently only 5% of the filed Bank Secrecy Act reports
• 43:49
  accessed by law enforcement in nine years.
• 43:51
  So it was meant to discuss the history and impact of the Bank
• 43:55
  Secrecy Act to assess these tools.
• 43:57
  The big question is how to do it at all while avoiding
• 44:00
  surveillance of law abiding citizens doesn't seem to be much
• 44:04
  of A concern since 2001. Can I just say this is like such
• 44:08
  a violation of the 4th amendment, this whole entire
• 44:12
  thing, Like how can you just all of a sudden, like how can you
• 44:16
  demand people to give you something about their finances
• 44:21
  that they might not necessarily want to give?
• 44:24
  I mean, if you're paying taxes, I don't understand why the
• 44:27
  government needs to be involved in the know how of your
• 44:30
  financial business. That's just me.
• 44:33
  Yeah, very extremist take. I don't know.
• 44:36
  There was there was a very big bill that was passed after 2001,
• 44:41
  I think, suspended all of our liberties here.
• 44:43
  Anyways, a quote. The Bank Secrecy Act has morphed
• 44:46
  into a bloated surveillance machine demanding endless
• 44:49
  reports from banks, businesses and individuals without
• 44:52
  delivering proportionate results.
• 44:54
  Further, part of the problem seems to be that FinCEN is
• 44:57
  overwhelmed with the data it collects.
• 44:59
  In addition, the Bank Secrecy Act puts sensitive personal
• 45:02
  information at the risk of hacks.
• 45:04
  Congressman finally says. And she, you know, goes on and
• 45:09
  just kind of gets caught with her hand in the cookie jar.
• 45:12
  So, quote, we are in the midst of a Treasury wide exploration
• 45:16
  of how to reform the Bank Secrecy Act regime, and it's
• 45:20
  being called, quote, a key objective of the current
• 45:22
  administration. In particular, the Treasury will
• 45:25
  be looking at reforming current reporting requirements and
• 45:28
  potentially adjusting reporting thresholds to increase the Bank
• 45:31
  Secrecy Act efficiency. So hopefully that means higher.
• 45:36
  I'm guessing, but maybe their efficiency is lower so they get
• 45:41
  more data. I think it needs to just go away
• 45:43
  completely. I'm with that.
• 45:45
  How, how can you enforce something like this when
• 45:48
  something like Bitcoin exists, which by the way, simultaneously
• 45:53
  lets you know what's going on in a Ledger, right?
• 45:56
  So it, it does protect that, it does kind of like provide that
• 46:00
  sense of security that that the, you know, cops or the feds I
• 46:07
  guess are looking for. But at the same time, it it
• 46:10
  affords privacy for individuals who are not committing crimes,
• 46:15
  which you know, should be total. Like this should be the
• 46:20
  standard. I just don't understand why this
• 46:22
  isn't the standard yet. I mean, I do understand you're.
• 46:25
  Such an extremist. Such an extremist take, Sophie.
• 46:28
  I was gonna say something else, but I just blanked on what I was
• 46:31
  gonna say. We can't have two extremists.
• 46:32
  We did. It Yeah, I purposely scented
• 46:36
  myself like everyone on Rumble says.
• 46:37
  No, I just completely forgot. I completely forgot what I was
• 46:40
  gonna say. Anyways, this is probably the
• 46:43
  kicker of this, which just shows how ineffective it is.
• 46:46
  But the director of the Treasury's own financial
• 46:48
  intelligence unit was able to tell the committee how wasn't
• 46:52
  able to tell how the efficient or inefficient the Bank Secrecy
• 46:56
  Act really was. Quote, I'm sorry I don't have
• 46:59
  those numbers off the top of my head, she replied who asked her
• 47:03
  how many of the 10s of millions of Bank Secrecy Act reports
• 47:06
  filed each year led to actual arrest.
• 47:08
  Of course, this isn't the first time that Vincent is clueless on
• 47:11
  how effect the Bank Secrecy Act is.
• 47:14
  So look. It's totally used to weaponize.
• 47:18
  Yeah, the like, why am I forgetting how to say the word
• 47:21
  cops like it's it's used to. Yeah, like the police, the the
• 47:25
  Department of Justice. I'm like really losing it today,
• 47:28
  guys. Sorry, pregnancy brain is like
• 47:30
  killing me, but it's it's being used to weaponize the these
• 47:35
  departments against regular people and keep people afraid of
• 47:39
  the government and I you know, this should scare individuals.
• 47:44
  This should be the biggest wake up call into going full send
• 47:50
  into Bitcoin. Like This is why people like
• 47:52
  Michael Saylor are like put your hundred.
• 47:54
  It's not just about the the gains, right, Like it's not just
• 47:59
  about number go up and like I know we talked about it a lot
• 48:02
  and you know, it's click baity and whatever and makes like the
• 48:05
  majority of you guys TuneIn. But now that you're here, listen
• 48:09
  to the privacy aspects and the parts that protect you as an
• 48:14
  individual, The promises of this country, Bitcoin is actually
• 48:18
  fulfilling, while the other parts of government and the
• 48:23
  monetary system are not. And that's, that's really like
• 48:27
  the biggest reason why you should go all in on Bitcoin.
• 48:32
  Yeah. I mean, look, so as Soph said
• 48:34
  so, so nicely, I might be a little harsher here, but I think
• 48:40
  at this point, if you are a Bitcoiner or you're rather
• 48:43
  you're looking at what is going on with with clear eyes and not
• 48:48
  a bias towards Fiat system. And if you're really looking at
• 48:52
  the current situation like the sorry, the social climate right
• 48:57
  now and what's coming out of these administrations, whether
• 49:00
  you like them or not. I think one thing is very
• 49:02
  glaring to me. And it's just like these
• 49:05
  institutions, either one have failed or two are designed to
• 49:09
  work this way and inherently have failed based on their
• 49:12
  initial kind of proposals of what they're supposed to do.
• 49:15
  So look, I was like this for a long time before I even got into
• 49:20
  Bitcoin with the idea that I don't trust any of these
• 49:23
  institutions. And now, whether they're
• 49:26
  admitting that there's something broken or not, it's becoming
• 49:30
  very, very clear that there is something wrong.
• 49:33
  And is it the what the system was designed to do?
• 49:37
  Did it lose its kind of way? And you know, now it's this kind
• 49:42
  of monster that doesn't actually benefit anyone but the people
• 49:46
  that control it. You can make up that own
• 49:49
  decision in in your own brain with your own framing.
• 49:52
  But what is very clear is that things aren't working as they
• 49:56
  should be, or rather, things are not working for us.
• 49:59
  And there needs to be change. And we believe from just the
• 50:02
  fundamentals, if you fix the money, if we get a better money
• 50:05
  in there that no one can control with the better incentives, then
• 50:09
  things will start changing. And like you said, you know,
• 50:12
  Bitcoin, it's a pseudonymous open Ledger.
• 50:15
  You you can check you can check the Ledger all you want.
• 50:18
  I mean, I think. Doesn't mean I got to show you
• 50:20
  what I don't own any Bitcoin, but it doesn't mean I got to
• 50:22
  show you what I. I lost it in a boating accident
• 50:24
  actually. But, you know, I think for
• 50:27
  better or for worse, the fact that we have, you know, at the
• 50:33
  top level of government, somebody who this system was
• 50:37
  used against him, whether you like him or not, I think that
• 50:42
  was a huge wake up call to, you know, President Trump and
• 50:46
  everybody around him that something has to change.
• 50:49
  And I think that's why he's the first Bitcoiner president.
• 50:53
  I think that's why he wants to make changes at the Fed.
• 50:56
  I think that's why he wants to make changes with the Bank
• 51:00
  Secrecy Act. I mean, he's not perfect.
• 51:03
  We, we, we're not getting everything that we want.
• 51:06
  But the news is, you know, mostly positive when it comes to
• 51:10
  Bitcoin. And I think it's because one of
• 51:13
  the biggest weapons that they had against him, aside from the
• 51:16
  media, which, you know, the decentralization of media, we
• 51:19
  talked about it before. It's super important.
• 51:21
  It's also the decentralization of finances because they've used
• 51:26
  this weapon against individuals so many times for personal
• 51:31
  reasons, Not for criminal reasons, not for reasons that
• 51:36
  had to go against the security of this country, but for
• 51:39
  personal and political reasons that if they could do it to
• 51:43
  somebody like Donald Trump, they could do it to you and me.
• 51:48
  Don't get it twisted. Just because he's a little bit
• 51:50
  crazy doesn't mean that, you know, this didn't happen and and
• 51:56
  we all saw it happen. You know, they froze his bank
• 51:59
  accounts. They took they took certain
• 52:01
  privileges away from him. They almost tried to put him in
• 52:03
  jail. So we got a we like.
• 52:08
  This is the I'm just glad that this stuff is finally starting
• 52:12
  to get resolved. My God, what is this?
• 52:15
  Lagarde. Yes.
• 52:17
  I don't have Bitcoin because Christine Lagarde stole it from
• 52:20
  me. Some might say confiscated.
• 52:22
  I don't know. Some might say it's a gift.
• 52:23
  It depends on the angle. OK, You know, maybe I liked her.
• 52:26
  All right. A gift.
• 52:28
  A gift? Yeah.
• 52:29
  What? Were you doing with her?
• 52:31
  That she had to pay. You treat my baby right.
• 52:33
  Treating my baby right. All right, guys, let let me
• 52:36
  live. All right?
• 52:37
  Let Opti live a little bit. Sheesh.
• 52:39
  OK, Gosh. She's taking one for the.
• 52:42
  I'm taking one for humanity. OK, I'm doing good by you all
• 52:46
  right? Anyways.
• 52:49
  Guys, it's raining so hard I'm like scared.
• 52:52
  Right now, it's cool enough. It's cool.
• 52:54
  All right. Let's get to the culture.
• 52:56
  I want to give a shout out to our partner Hive Digital
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  growth as the first ever public miner, Hive's position to
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  freedom. All right, our chat chat's
• 54:59
  cooking. Chat's cooking.
• 55:01
  Off to you right now. OK, I'm getting cooked in the
• 55:03
  chat. Definitely.
• 55:04
  Not a Rastapute. I am getting cooked right now.
• 55:08
  All right, Anyways, guys, I'm, I'm, I'm doubling down, all
• 55:13
  right? You guys think you can bully me
• 55:15
  out of my opinion? No, I'm doubling down South
• 55:17
  yesterday. I was saying, look, on the one
• 55:21
  hand, rate cuts are very bullish in regards to what will happen
• 55:27
  to Bitcoin. Obviously, when the interest
• 55:31
  rates go down and most likely the purchasing power or dollar
• 55:35
  dominance also kind of goes down, then people look for
• 55:39
  riskier assets to invest in. And whether we think Bitcoin is
• 55:43
  risky or not, the mass majority of people think that Bitcoin is
• 55:46
  risky. But if they're not getting the
• 55:48
  returns in the safe haven assets, AKA treasuries, which
• 55:51
  now we have new data showing us that central banks are
• 55:55
  accumulating gold at a higher rate than they are of
• 55:58
  Treasuries, first time since 1996.
• 56:01
  So even the central banks don't want Treasuries.
• 56:04
  They're they're going to have to find a demand for this.
• 56:06
  Now there is an angle stable coins, etcetera.
• 56:09
  I don't I don't need to go all the way down that rabbit hole.
• 56:11
  But essentially what I was trying to say yesterday, before
• 56:14
  everyone would start calling me a bear and, you know, piling in,
• 56:17
  I literally had friends texting me like, bro, your take was so
• 56:21
  bearish. Like I'll take bro.
• 56:23
  And I'm like, look, you got cooked.
• 56:25
  Yeah, I got. Cooked.
• 56:27
  You got cooked in the chat and I got cooked in my DMS, in my, in
• 56:32
  my text messages. And I was like, look, I'm not
• 56:37
  saying I'm bearish on Bitcoin. All I'm saying is that I'm
• 56:40
  bearish on the Fiat system. And if everyone's saying that
• 56:43
  interest rates are going to propel the economy, it's going
• 56:46
  to propel the market. It's going to be super bullish
• 56:48
  for the markets. I agree with it in theory that
• 56:52
  yes, that's what should happen. But what might happen is the
• 56:56
  opposite is essentially they can't control the levers like
• 57:00
  they used to. And if the markets don't react
• 57:03
  how they think it will when they cut interest rates, then that is
• 57:07
  a signal of what is going on. And that is a signal of a bigger
• 57:11
  problem. And that's what I was trying to
• 57:13
  say yesterday, especially when you look at the fact that gold
• 57:16
  is going to all time highs. We saw the job, the labor market
• 57:22
  reform revisions yesterday. About a million jobs literally
• 57:26
  vanished, or rather weren't there.
• 57:28
  And I kept saying the same thing to you guys.
• 57:31
  It's like, look, if you are like these traditional financial
• 57:35
  investors, if you are, you know, a track fine army over there and
• 57:38
  you're not a bitcoiner that is skeptical of all the data you're
• 57:42
  working data. What you're basing all of your
• 57:45
  investments on is the official quote UN quote data coming out
• 57:49
  of these institutions. And what we found out yesterday
• 57:52
  is that what we've been saying for a long time is correct that
• 57:55
  the data is completely fake. And if these people are starting
• 57:59
  to realize that the data is fake, then they're they're going
• 58:03
  to panic. And if the the economy doesn't
• 58:06
  react how they think it's going to with these interest rates, it
• 58:09
  could be a panic short term scenario.
• 58:12
  Long term, I'm bullish. I think Q4 is still going to be
• 58:14
  great. But I saw this clip yesterday of
• 58:17
  Scott Besset and there there's actually like a, a good, a, a
• 58:21
  good kind of response to this. But I'm going to play the clip
• 58:25
  because I think this is telling us a lot more than just, you
• 58:28
  know, what's going on in the labor market.
• 58:30
  So the tweet is if the Fed is data dependent and the data is
• 58:35
  bad, then makeup cuts are needed is essentially calling for more
• 58:38
  interest rates. But I'm stopping at the
• 58:41
  beginning of this. If the Fed's data is bad and
• 58:44
  they are quote, UN quote, data dependent, then we're literally
• 58:48
  the freaking coyote off the Cliff here.
• 58:51
  Like what are we talking about here?
• 58:52
  They're making moves based on data that is completely not even
• 58:56
  close to reality and people are basing their investments off of
• 59:00
  this. It's like, am I the only one?
• 59:02
  Am I? Am I taking crazy pills like it?
• 59:04
  It's. If the data is bad, we need an
• 59:08
  audit. Extremes take we.
• 59:12
  We need an audit like. I'm sorry if the data or just.
• 59:15
  Dump it. Just don't trust it.
• 59:16
  Just dump it. Just buy Bitcoin.
• 59:18
  We need makeup cuts, but those makeup cuts need to be based on
• 59:22
  real data. How do you get real data?
• 59:25
  You run an audit, audit Fort Knox, audit the Fed, audit the
• 59:30
  whole freaking government. Before we start talking about
• 59:35
  like making up random arbitrary numbers by which to cut the Fed,
• 59:39
  I think we really like, we just wow.
• 59:41
  Like if the data is bad, we need an audit.
• 59:45
  If the data is bad and you're trading off the data, the
• 59:47
  government, what are you doing? Audit you in 2.5 seconds.
• 59:51
  If you lied on your tax returns, they would put you in a box,
• 59:55
  they would put you in jail. But they don't get audited.
• 1:00:00
  That's ridiculous. All right, Now, here is before I
• 1:00:04
  play the clip. I do want to cover this a lot.
• 1:00:06
  This second sentence of this tweet.
• 1:00:08
  Obviously, he's got to be favorable for the president and
• 1:00:12
  look cool. Yeah, like, cool, cool.
• 1:00:15
  But this, this sentence, from my perspective is, is nonsense.
• 1:00:22
  So he goes, POTUS showed us the system was broken and now it's
• 1:00:26
  time to fix it with real data. Wait, wait, wait, wait.
• 1:00:30
  So, so the system's broken, but we just need real data to fix
• 1:00:34
  it. No, it's broken.
• 1:00:37
  It's fundamentally broken. Period.
• 1:00:39
  Like, anyway, anyway, let's play this clip and then I'll, I'll
• 1:00:43
  continue to make my case. the Fed says they're data dependent
• 1:00:47
  and the data has been atrocious. Then it seems like they're
• 1:00:51
  probably some makeup cuts in order here or the size of this
• 1:00:56
  month's cut needs to be recalibrated.
• 1:00:58
  And sure, it could be fixed. Anything could be fixed.
• 1:01:01
  You just have to 1st we had to establish it was broken, which
• 1:01:04
  President Trump did. Now we have to go about fixing
• 1:01:08
  it. And it, it wasn't working the
• 1:01:10
  well before that the kind of this lazy notion that they had
• 1:01:15
  dropped down to these low response rates, 3040% response
• 1:01:20
  rates. And they intuited the balance,
• 1:01:23
  You know, intuiting the balance is going from quantitative to
• 1:01:26
  qualitative. We need good empirical data.
• 1:01:29
  And that that's, it's not easy to get to, but you got to want
• 1:01:34
  to get there and we want to get there.
• 1:01:36
  I think EJ is a great person to do it.
• 1:01:39
  I've known him for years. He's high integrity data-driven.
• 1:01:42
  The ruthless truth pursuer. Oh man, love it.
• 1:01:48
  Love to hear it, love to hear it.
• 1:01:50
  Look, the only real data, the only real economic data in the
• 1:01:53
  world is the Bitcoin time chain. That's the only real economic
• 1:01:58
  data period. What the price of Bitcoin is,
• 1:02:01
  what the volume of people buying Bitcoin are, what is going into
• 1:02:04
  these blocks when the blocks are coming in.
• 1:02:07
  That's the only real data, period.
• 1:02:09
  End of story. Everything else is fake.
• 1:02:11
  This is why we say fix the money, fix the world.
• 1:02:14
  We got to get back to a real denominator here.
• 1:02:17
  If all of their data is broken, their data dependent.
• 1:02:20
  This is what's driving interest rate cuts.
• 1:02:22
  This is what's driving the economy.
• 1:02:24
  It's so close. It's just it's it's it's
• 1:02:27
  literally insane that it's like, OK, you know, what we've been
• 1:02:30
  doing isn't good. It's because the data is wrong.
• 1:02:33
  You know, it's only because the data is wrong the last four
• 1:02:35
  years. Whereas we're looking at this
• 1:02:37
  like, no, the data has been wrong.
• 1:02:39
  You know, officially starting. Yeah, it officially started in
• 1:02:42
  1913 when the data was wrong. And then it officially went
• 1:02:45
  haywire in 1971. And you're looking back at just
• 1:02:48
  the last four years as the data is wrong.
• 1:02:50
  We're like, no, the money's been broken for the last freaking
• 1:02:54
  century three, and we're talking about, oh, we just need to we
• 1:02:56
  just need better data and we're going to fix this system and
• 1:02:58
  it's like no, like if it's broken, how about we just try
• 1:03:02
  something new? I don't know, crazy thought
• 1:03:04
  here. Anyways, I do want to kind of
• 1:03:07
  expand a little bit on kind of what's going on with these
• 1:03:10
  interest rates. So I'm not going to read the
• 1:03:11
  whole Trump tweet here again. He's going super hard on
• 1:03:16
  everyone in Powell. And you know, he actually says
• 1:03:21
  something interesting here. So he, Jerome Powell, AKA Too
• 1:03:23
  Late, has done a terrible job since he adapted A2 target.
• 1:03:27
  It's too low, it's too rigid. They followed data that's years
• 1:03:31
  delayed. They don't believe that the
• 1:03:32
  money supply matters. It's like the Pope not believing
• 1:03:35
  in Jesus. That's a much bigger problem
• 1:03:39
  than this notion that they are dependent or not independent.
• 1:03:43
  I mean, like hot take, you know, a little bit of a little bit of
• 1:03:46
  blasphemy in there, I think. But hey, you know whatever
• 1:03:49
  floats your boat here. Yeah, but also they're like not
• 1:03:52
  independent. Yeah, 100%.
• 1:03:54
  And I mean, I agree with him. It's like, look, let's let's get
• 1:03:57
  over the charade of it being independent.
• 1:03:59
  Forget the fact that they cut rates every single time there's
• 1:04:02
  a political situation they need to control.
• 1:04:06
  We're just gonna forget. We're just gonna forget about
• 1:04:08
  that. Anyways to end this, he goes
• 1:04:10
  chair Powell was was late to raise rates.
• 1:04:12
  They need to come down here. There's no question about it.
• 1:04:15
  He's dragging his feet. And here is where it probably
• 1:04:18
  gets crazy. The feds going to come down
• 1:04:20
  here. 5075 maybe 100 bit. So not just half a percent, 1%.
• 1:04:26
  Guys. If we see a 1% cut in interest
• 1:04:29
  rates, absolutely insane. That's going to be nuts.
• 1:04:33
  Anyways. Last thing the USPBI falls to
• 1:04:37
  2.6%. Really love Simon Dixon's
• 1:04:39
  coverage. He goes lower than expection
• 1:04:41
  expectations, unemployment increasing as if by magic.
• 1:04:45
  The short term data gives them what they need for a 50 basis
• 1:04:48
  point cut. Stocks, real estate, Bitcoin and
• 1:04:50
  gold near all time high. We are rerunning the economy hot
• 1:04:54
  fueled by asset price inflation. All I'm saying is like the data
• 1:04:58
  is completely fake. We know that now it's it's
• 1:05:02
  become very obvious to everyone. We know they're going to cut
• 1:05:05
  rates Now. It's basically, I think the odds
• 1:05:07
  on polymarket are like 98 percent, 99%.
• 1:05:10
  So it's almost a given they're going to cut rates.
• 1:05:13
  How hard are they going to cut rates?
• 1:05:14
  Who knows how how are people going to react to those rate
• 1:05:17
  cuts? We really don't know.
• 1:05:18
  There's still, you know, some questions up for Grab.
• 1:05:21
  But what when's the 15th is that Monday?
• 1:05:25
  Let me see. Monday.
• 1:05:27
  Monday rate cuts. Interesting.
• 1:05:30
  Let's see. I I thought it was interesting
• 1:05:33
  how he said that, you know, we might have to re evaluate the
• 1:05:38
  cuts like as if it's not going to be enough.
• 1:05:43
  That's what I'm saying. That's exactly what I'm saying.
• 1:05:46
  Yeah. If the if the rate, if we see a
• 1:05:48
  1% rate cut and. They say that it's not.
• 1:05:51
  Enough, and they say it's not enough.
• 1:05:52
  We're going to. Like, well, we will.
• 1:05:56
  Well, we will eventually, but the markets are going to, the
• 1:05:59
  markets are going to take. What?
• 1:06:01
  Yeah, they're going to take on that announcement.
• 1:06:03
  If it's not enough, they're going to take.
• 1:06:04
  Oh, OK, yeah, the markets are going to take, but that still
• 1:06:08
  means, hey, free money, more liquidity in the system.
• 1:06:12
  Bitcoin's going to RIP like it's going to be a short term.
• 1:06:16
  Part of all. This, yeah, it's going to be a
• 1:06:18
  short term decline, but then it's going to RIP.
• 1:06:20
  Look, that's all I'm saying, guys.
• 1:06:22
  This is all I'm saying. He should have just like, curbed
• 1:06:24
  people's expectations. Nah, they're getting bullish.
• 1:06:27
  I so I think it's September 15th is the decision date.
• 1:06:32
  I'm pretty sure that's the date I have remembered.
• 1:06:35
  And so when's that is that 5 days from now?
• 1:06:38
  Is that yeah, that's Monday, Monday.
• 1:06:40
  We we will see, we will see what happens Monday guys.
• 1:06:43
  So you know, you can, you can call me stupid on Monday.
• 1:06:46
  Hey, look, I'll eat the crow if I'm wrong.
• 1:06:48
  If Bitcoin starts ripping, if all the markets start ripping
• 1:06:52
  and you know, they're they're able to control this.
• 1:06:54
  Hey, I'm all for this. I want my personal favorite
• 1:06:58
  asset to RIP as well. All I'm saying is I'm sure a lot
• 1:07:02
  of people are cautious of what's going to happen in the economy.
• 1:07:05
  No one knows. That's the big the, you know,
• 1:07:07
  the big kind of signal here. No one knows what's going to
• 1:07:10
  happen. They think they know, but could
• 1:07:12
  their data be that far off? Yes, yes, that's all I'm saying.
• 1:07:18
  Imagine, imagine Trump, like this entire time, has been
• 1:07:21
  asking. Oh, he's saying Wednesday.
• 1:07:22
  They're saying Wednesday, Wednesday.
• 1:07:24
  A week from today, a week from today.
• 1:07:26
  Imagine Trump this entire time has been pushing Jerome Powell
• 1:07:29
  for like 2% cut. And that's why he's just like,
• 1:07:32
  absolutely not. I don't know, man, maybe what if
• 1:07:37
  we do see 2% rate cuts, but just back-to-back?
• 1:07:41
  Look, I'm all for that. I'm all for this, OK?
• 1:07:44
  I'm. Down for that.
• 1:07:45
  OK, I'm I'm all for this. Look, all I'm saying is like
• 1:07:49
  long term, I'm here for it. I'm all for this short term, I
• 1:07:56
  don't know. I'm a little cautious of what's
• 1:07:57
  going to happen in the global markets on next Wednesday when
• 1:08:01
  they announced this. If they don't get under control,
• 1:08:05
  we're in a new paradigm. To like live cover this, someone
• 1:08:08
  is saying that it's on. 17th Oh, it's the 17th.
• 1:08:10
  I thought it was the 15th. OK, the 17th.
• 1:08:13
  OK, sorry, my my dates were off. I thought it was the 15th, but
• 1:08:17
  it's the 17th, all right. We might have to run an extended
• 1:08:20
  version of simply. One 2:00 PM Eastern.
• 1:08:23
  Yeah, we might have to keep it going.
• 1:08:26
  Culture might just be real time interest rate coverage just.
• 1:08:32
  Know that day we're probably going to be like extra.
• 1:08:34
  Week that should be fun honestly.
• 1:08:36
  Let's see let's see if starting this next week where we see some
• 1:08:43
  some pricing in in the market, specifically gold and Bitcoin.
• 1:08:48
  If we start seeing the markets RIP the only the hard assets,
• 1:08:52
  then I'm pretty sure interest rates are going to come.
• 1:08:56
  I I think it's a given they're coming.
• 1:08:58
  Will they be, you know, hawkish or dovish?
• 1:09:01
  You know, will they be big or small?
• 1:09:04
  It's up for the debate, but we won't know in real time with the
• 1:09:07
  Bitcoin price what people think of this.
• 1:09:10
  So if it's not good, the price is going to dump.
• 1:09:12
  If it's good, it's going to pump.
• 1:09:14
  Look, just look at the data. The only data that matters, the
• 1:09:17
  price of Bitcoin, it's the only data that matters.
• 1:09:20
  It's the only data in the economy that's good.
• 1:09:21
  What's going on on Bitcoin that? And the hash rate.
• 1:09:24
  That's what I'm saying. And hash rates going nuclear
• 1:09:27
  guys, so you know hash precedes price anyways.
• 1:09:31
  Anyways, this is the end of the show, so I will.
• 1:09:35
  Be here the rest. Yeah, self is.
• 1:09:37
  Here also, it's literally yeah. Can you guys hear the Thunder?
• 1:09:41
  Easy. It's crazy.
• 1:09:42
  I don't know if you guys heard that.
• 1:09:43
  I don't know if you guys heard that.
• 1:09:46
  But yeah, guys, we're in for we're in for an interesting next
• 1:09:50
  week, to say the least. This is this is the time to be
• 1:09:53
  stacking, but you might get one more stacking opportunity or
• 1:09:57
  not, I don't know. Who knows oh, there we go OK,
• 1:10:02
  this is a stacking opportunity. OK, let me log in over here guys
• 1:10:07
  look at Sophie saving you guys OK, so if you guys don't know
• 1:10:11
  what this is pull out your lightning wallet.
• 1:10:14
  I am giving away free Bitcoin. We are over here on our boys
• 1:10:20
  Bitcoin Well, and when you sign up or when you buy Bitcoin or
• 1:10:26
  when you refer people to wishing or sorry Bitcoin well, you get
• 1:10:30
  points to play the wishing well and you got a chance to win up
• 1:10:36
  to 1,000,000 sets. Oops, wrong one.
• 1:10:39
  Here we go Sophie's getting her phone out.
• 1:10:41
  She's trying to take the sets redeem sets and let's see how
• 1:10:47
  many sets and who gets the sets. So 547 stats and since I missed
• 1:10:53
  yesterday, I'll give you some stats today and looks like looks
• 1:10:57
  like we we got to buy some Bitcoin over here 'cause we're
• 1:11:00
  running out of SAT over wishing well points OK, another one and
• 1:11:03
  then we are gone for today and we'll be back tomorrow.
• 1:11:07
  So another 552 stats. So first come first serve scan
• 1:11:11
  this. This is probably why you should
• 1:11:12
  be watching it on your computer 'cause we give away free Bitcoin
• 1:11:16
  and I think also Rumble gets them first.
• 1:11:20
  So maybe you want to watch over there, but you know it is what
• 1:11:24
  it is. Anyways, we love you guys.
• 1:11:25
  We appreciate you guys. Thank you for coming to the
• 1:11:28
  show. Of course, smash the like button
• 1:11:29
  comment on the show is Optia bear or not and of course hit
• 1:11:33
  the sub. Sophie is recording another
• 1:11:37
  Satoshi tonight. So we got we got content for you
• 1:11:41
  guys coming later today. Love you guys.
• 1:11:44
  We appreciate you. We will see you tomorrow.
• 1:11:47
  Peace out. Today's episode was brought to
• 1:11:49
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:11:53
  mission to enable financial independence.