Latest / Simply Bitcoin / BAN FAILS: The Chinese People Flee to Bitcoin | EP 912

Transcript

BAN FAILS: The Chinese People Flee to Bitcoin | EP 912 · Simply Bitcoin

0:03
It's. All.
0:04
Going to zero against Bitcoin. It's going on forever.
0:08
World. You're against Bitcoin.
0:17
You're against freedom. Yeah.
0:20
Welcome to another episode of Simply Bitcoin Live.
0:22
We're your number one source for the peaceful Bitcoin revolution.
0:24
Cover breaking news? Dramatic Warfare will be your
0:26
guide through the separation of money and state.
0:30
First episode talking about bitcoins, incentives and how
0:34
they're irresistible and essentially we're going to win
0:36
because beautiful incentives. But the best incentives article
0:41
breaking news came out from Reuters to quote the headline
0:47
Bruised by Stock market Chinese rush into banned Bitcoin right
0:51
and the stock Market has been going down these last couple
0:54
like this last week or so because Donald Trump has been
0:57
doing so well in the in the primaries.
1:01
So very interesting news how you know the Chinese people are are
1:04
fleeing into Bitcoin and it kind of reminds me of the story when
1:08
the China ban happened have a have a buddy of mine lives in
1:11
mainland China. And I I told him and I was like,
1:14
hey like are you worried about this?
1:16
And like he told me like a thick like Chinese accent, like
1:18
Mandarin accent. I remember he was like what
1:21
doesn't kill Bitcoin makes it stronger And I was like holy
1:23
shit. And then that's like when I came
1:25
to the realization that you know regardless of where you're from,
1:30
where what country you happen to be born in where your
1:33
nationality is. We all speak the same Bitcoin
1:36
language. It's this language that unifies
1:38
a lot of us. Right.
1:39
So we're going to talk about that today.
1:41
It's going to be a great show and Speaking of the Overton
1:44
window shifting have a clip for you guys in the beginning about
1:49
the Co founder of Reddit explaining what Bitcoin is on
1:53
the the Colbert show. So you know things are
1:56
definitely moving. They're shifting.
1:59
People are waking up to this reality.
2:01
But the signal here is really despite the ban by you can make
2:05
the argument the most oppressive you know government in the
2:09
world. Despite that bitcoins incentives
2:13
rule the day and it's very very powerful.
2:15
I really want to focus on that. So we're gonna, we're gonna talk
2:17
about that today. But before we start the show I
2:20
want to bring up my legendary Co host optimistic optimist fields.
2:23
How you doing bro? I am doing wonderful shouts out
2:28
to everyone in the chat that hit the pole and is having a good
2:31
morning and unfortunately there's people that aren't
2:33
having a good morning. So good morning everyone.
2:36
We are back, we're live. It's good to be here man.
2:39
As I was having a conversation with our guest today are.
2:42
You using the right mic. I don't know.
2:44
Probably not. Did you tap it?
2:48
Yeah, you you are using the red mic.
2:50
I just changed it. We was just talking with our
2:53
guest today. Unacceptable.
2:55
It's it's hard not to have a good morning when you're on the
2:58
Bitcoin standard, when you're a bitcoiner in the face of
3:01
everything going on in clown world.
3:03
It's so awesome just being a bitcoiner and it makes life so
3:07
good. Anyways, let's bring in our
3:08
guests Shout out to the Clark, a fellow content creator, It's.
3:12
Good that we're we're we're rare breed, rare breed, Bitcoin only
3:16
content creator. There's not that many.
3:18
Of US confirmed. There's not that many of us.
3:21
And and sunshine, what you were saying before, like Bitcoin,
3:24
everywhere around the world, it just aligns people to truth.
3:28
And when when you go there and when you actually see it and
3:30
understand you're like, OK, like everything else does not make
3:34
any sense. And it takes a while to unpack
3:35
that mind virus. But people do get there through
3:37
a Bitcoin standard, for sure. One day they'll get there a.
3:41
100%, yeah. So it's going to be a great
3:43
show. What are you going to talk about
3:44
during The Culture Opti? Oh, I'm just going to tee Sean
3:47
up so he can do some rants for us.
3:49
I I have this Jack Mahler's clip.
3:50
I know you just did a video on it.
3:52
We haven't played it on our show yet.
3:54
So we'll play it for you guys and then we'll tee up Sean about
3:58
everything going on with the World Economic Forum.
4:01
Jamie Dimon, you know, the SEC debacle.
4:04
Hopefully we can hit everything, but I just want to tease Sean
4:07
out. Let's have him rant for us
4:08
today. You know, maybe maybe we can
4:10
have another day where I don't do anything on the show.
4:12
There's those are always great days for me.
4:14
Your video yesterday with Nolan was on fire for whoever's
4:18
watching. If you haven't watched it, watch
4:20
it. It's incredible.
4:21
Yeah, Nolan killed it, Nolan. Fucking crushes that dude.
4:24
That's what happened. I was saying this yesterday like
4:26
you spend time down the Bitcoin rabbit hole and you just start
4:30
making connections that like that maybe like, you know, you
4:35
didn't see before or whatnot. So it's it's extremely exciting.
4:40
It's Rhea's Anyways, All right guys, no more delay.
4:43
Let's jump straight into the show.
4:44
We have a lot to talk about today.
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At the time of recording the Bitcoin price is 39,665 stats
6:03
per dollar 2521 block height 827,339 blocks to having 12,661
6:13
having estimate April 20th 2024 Total Lightning Network capacity
6:18
4843 capacity value 192 million U.S. dollars.
6:24
Realize monetary inflation 1.74%.
6:27
The market capitalization of Bitcoin 777 billion U.S.
6:32
dollars. Bitcoin versus gold market cap
6:35
5.64% The grand scheme of things Bitcoin is just getting started.
6:39
I was talking about the Overton window shift in the beginning.
6:43
This is kind of a big deal, right?
6:45
You you're seeing more and more of Bitcoin being talked about
6:50
not so much in our corner, in the Bitcoin corner, in the
6:53
Bitcoin echo chamber, but outside of the Bitcoin echo
6:56
chamber. You had Tim Poole talking about
6:59
how you know the dollar is going to shit.
7:00
He's going to go to Bitcoin, right?
7:02
You know, you had Alex Jones like whatever, however you feel
7:04
about him, right? He is a mainstream content
7:07
creator. You know, Max Kaiser going on
7:09
there talking about El Salvador, talking about how, you know,
7:13
Alex Jones should have bought, should have kept those 10,000
7:17
Bitcoin, right? So it's a big shift in the
7:19
Overton window. It's really important that this
7:21
happens, to be honest. So kind of a big deal.
7:25
I'm gonna play you guys the clip.
7:27
And I used to watch this. I remember when before I was a
7:31
Bitcoiner, when I was a normie, I used to kind of watch this
7:33
show. When it was actually funny.
7:35
Yeah, before, you know, the whole, like dancing vaccines and
7:39
shit. Like before, Like, 'cause I I
7:41
didn't know like what you kind of like, oh man, we'll, we'll go
7:44
down this. We'll go down this route.
7:47
Like, you start to realize that like a lot of these shows, like
7:52
it's a crafted, controlled narrative, right?
7:55
Like they're they're trying to sell you either like a music
7:58
artist or there's like a project.
8:00
There's nothing wrong with that. But there, there are a lot of
8:03
the things that they say regarding to politics, a lot of
8:06
aligning to World News. It's necessarily not accurate.
8:10
A lot of the time they're just trying to sell you on a certain
8:13
narrative. And I think that this is where
8:17
independent media, that's why I believe it's becoming so
8:20
popular, right? Like, if you're not beholden to
8:22
these giant multinational corporations, you have a lot
8:26
more freedom on what you can say.
8:28
And that's why I believe, like, the rise of independent media is
8:30
just getting started. We're in like the infancy stage
8:33
of of what media is gonna evolve into the next 10 to 20 years.
8:38
And it's extremely exciting. But, you know, looking back to
8:42
these legacy, legacy shows that have been around, you know, for
8:46
decades, right? Saturday Night Live, It's been
8:49
for decades. And I remember I was watching
8:50
Saturday Night Live with Sophie and her and her friend and I and
8:54
I come home and I'm like, why are you guys watching that, you
8:57
know? And and again, I used to love
8:58
Saturday Night Live. But like, now you're looking at
9:00
it from, you know, like a more like awakened sphere.
9:04
And then you're looking at the, you're like, dude, they add fake
9:07
laughs. Like, could you imagine if,
9:08
like, Opti cracked a joke? And it was like, it would be, it
9:14
would be like, you know, it'd be kind of weird.
9:16
It would be weird. Like, it would be weird, right.
9:18
So like I think like I. I only laugh at my jokes.
9:21
Nico, let's let's be clear here. Hold on.
9:23
No. No, no, no.
9:29
This is the real sound word. So yeah, I mean like it, it is
9:33
kind of strange, but like it's a weird time that we're living in,
9:36
right? Because obviously these shows
9:38
have the production quality, they have all like the the right
9:41
content and whatever. But then again, you have, you
9:44
know, Joe Rogan is blowing the show out of the water and Joe
9:47
Rogan is like one guy and one producer, right?
9:50
So, like, I really believe that's like the future of media.
9:53
Like I really believe we're heading into that direction.
9:56
So anyways, regardless of that simply needs a laugh track.
10:00
That's we. We should find one.
10:02
We should like we we should just.
10:04
You're literally you're literally talking about Stephen
10:06
Cobain and his lap wagon like we need.
10:08
One to make fun of it, bro. To make fun of it, 'cause it's
10:11
hilarious like but like, maybe we just record ourselves Opti
10:14
and be like ho ho ho ho ho ho ho, no.
10:17
I'll, I'll, yeah, do it for yourself.
10:19
I'll find Christy Lagarde laughing and that'll be our
10:21
laugh track. OK.
10:23
OK. All right.
10:25
Wait, wait, wait, wait, wait. Do we laugh at Opti or with
10:29
Opti? That's the question.
10:31
It's the. Same.
10:32
It's the same thing. It's the same thing goes goes
10:35
both ways. All right, let's check out this
10:36
clip tell. Me about initialize capital and
10:40
cryptocurrency, it's kind of quiet Mika blockchain or I will
10:43
walk off this state right now. Wow, So what?
10:46
Why cryptocurrency? Why not currency?
10:48
Why not money? You know they people will spend
10:50
it. Yeah, well, So what this does is
10:53
actually it's a fuel for a potentially new Internet and
10:56
things like Bitcoin cryptocurrency are an
10:59
opportunity for us to have a store of value that is not bank,
11:02
not backed by a single country. And I think for a lot of us that
11:05
may seem kind of silly because we trust that the US is still
11:08
going to be a successful country in 10 or 20 years.
11:13
But if we. If we can, if we can make it
11:15
through the next three, I think we're going to be fine.
11:17
But there is there is a. There's a very real they got
11:25
people on a piano for the sound board.
11:28
Bloodless Revolution in. Armenia, we got to level up.
11:30
But in so many states, there is uncertainty about government and
11:33
money and people see their life savings disappear.
11:36
There is a very real value to having a currency that is
11:38
volatile as things like Bitcoin are are still actually
11:41
potentially less volatile than some of these states that see
11:44
hyperinflation and everything else.
11:45
And and we sort of take for granted the fact that we all
11:48
have bank accounts and we think that we can move this money here
11:50
and there. But for so many people in the
11:52
world to have actually the security of knowing that like
11:54
what is yours is yours and because it is now digital could
11:57
be transferred with you wherever you're going is actually pretty
12:00
empowering thing. Good luck.
12:03
Dude. And yeah, I mean, he would, you
12:06
know, he was kind of dismissive about it towards the end.
12:09
Simply Bitcoin Night Show. It's still pretty incredible,
12:13
hey, for to be able to be there. And some people are going to
12:16
hear that message. So not everybody's going to hear
12:18
it straight away, but it's a pretty good touch point, yeah.
12:22
No. And and again like talk about
12:24
shift of the Overton window, talk about you know the these
12:27
things that were not accept this, this is not acceptable
12:31
conversation, right. And then all of a sudden it's
12:34
being talked about on the Colbert Show.
12:36
Where are we gonna be 5 years from now?
12:38
Right. So I think it's a all of this is
12:42
a terrible explanation. Cowardly Path won't say the
12:46
state is ripping us off by XX. Thank you our our chat is very
12:50
lively today. Stamp seed.
12:51
A stamp seed. Can't wait to watch this clip in
12:54
10 years, right. Exactly.
12:56
Anyways, Opti, what's your take on all this, brother?
12:58
Yeah, well, just kinda touching on the breaking the echo chamber
13:02
we talk about all the time. And like Sean was saying, you
13:04
know, maybe it wasn't the best explanation, but it is a touch
13:08
point for people and it is very interesting that this is
13:11
happening on Colbert Show Show. I I don't know what their
13:14
numbers are and whether people still watch the show, but it is,
13:18
you know, on the mainstream media and it it's good to see
13:22
that these conversations are happening.
13:24
But does Reddit even allow Bitcoin on their platform
13:27
anymore? Didn't they do it for like a
13:28
little bit? Like I I don't get why was he?
13:31
On they have like a like a Bitcoin channel.
13:35
Yeah, no, but sending tips, I don't get why he was talking
13:39
about it personally. Maybe I have to watch the
13:40
contacts? Companies aren't really kind of
13:43
incentivized to do that, cuz think about it. the Super chats
13:48
on YouTube. As much as I love them, YouTube
13:51
takes a big percentage of the pie.
13:54
If you have AQR code, it's peer-to-peer.
13:56
Like, you know, like what incentive do they have to adopt
13:59
these types of technologies If it's not, not really, you know,
14:02
they don't really stand to gain a lot.
14:04
But I mean they could take the path of like lightning or like
14:07
perhaps they kind of develop a lightning.
14:09
Yeah. But could you see these
14:10
companies do this? Maybe, but maybe they could
14:13
develop a lightning wallet and then they, you know, they take
14:16
some of the fees there. But it's not it's going to be,
14:18
it's going to dwarf compared to what they have now with the
14:22
current system. So I don't think platforms like
14:24
Reddit, Twitter, you know, they're not really incentivized
14:28
to adopt something like Bitcoin in my opinion.
14:31
Yeah, And. And just before I pass it over
14:33
to Sean, get his thoughts again. It just goes to show though,
14:36
we've been saying this for a while that Bitcoin is crossing
14:39
the Rubicon into mainstream consciousness.
14:41
And so, like, you know, maybe the explanation wasn't the best,
14:44
but it does show that this is going to be a defining
14:48
conversation moving forward. I think everyone will eventually
14:52
have to have a stance either for or against Bitcoin, and
14:55
especially once the price goes up this year, probably next year
14:59
to like have a real blow off top.
15:02
You're gonna you're gonna see the FOMO in Bitcoin in the
15:05
conversation around Bitcoin, just it's gonna explode.
15:08
And hopefully, you know more more people go on these shows
15:13
and and actually spread the signal instead of having these
15:16
like lackluster explanations of Bitcoin.
15:18
But hey, you know, Bitcoin's taking over the world.
15:20
As long as they go on and butcher Bitcoin on mainstream
15:23
media, it means that us three have a job.
15:25
So continue spreading the signal and we will correct it.
15:29
Yeah, absolutely. Sean, what's your take?
15:32
Well, a couple of things I said there, like when they're talking
15:35
about the banks, if they last 10 or 20 years and then Colbert
15:38
comes in and said they just need to get through the next three
15:40
years, that might get a couple of people to be able to think,
15:44
hey, what's going on here and incentivize why is even Larry
15:48
Fink calling Bitcoin a flight to quality when all these things
15:52
happening all the time, It's just more and more touch points
15:56
and they'll come over to YouTube.
15:57
YouTube's the second largest search engine in the world.
16:00
So as the more and more Bitcoin only content gets out there,
16:03
people realize there's different options out there and they will
16:06
start to study it. So I think it's a pretty good
16:09
start into mainstream media and obviously like we want safety
16:14
and who where whoever, like a Bitcoin only person up there on
16:18
stage, someone like Michael Saylor, but different strokes
16:21
for different folks. So just if the conversation is
16:24
loud more and more on mainstream media, it should bring people
16:27
back over and it's more important now than ever.
16:29
And what Nico was saying is people are going to have to take
16:34
a stance on Bitcoin, either for or against it.
16:37
If they're against it, it only comes from ignorance or being
16:41
incentivized like Elizabeth Warren, Jamie Dimon not to be
16:45
for Bitcoin. Yeah, 100%.
16:49
And you know, and we're going to talk about the, you know,
16:51
bitcoin's incentives and how they stay winning today.
16:54
That's like kind of like a theme of the show.
16:56
And I think that everyone, eventually, even if you're
16:59
politically motivated, you're gonna have to bow down to the
17:02
king, you know, I think that's an inevitability, you know?
17:07
And some people are gonna take the orange pill a lot faster
17:09
than the others. And the people that take the
17:10
orange pill faster are gonna benefit from it.
17:13
And this includes governments, by the way.
17:14
This isn't just only individuals.
17:17
But anyways, very, very exciting times.
17:19
Just getting started. I see Opti smiling.
17:21
I'm gonna make him. No, I'm, I'm, I'm looking at the
17:25
chat shouts out Conformities good Savage comment.
17:32
Yeah, the the chat's just cracked me up man.
17:34
Just keep, keep it going. Keep it going.
17:36
Keep it going. All right, guys, let's get to
17:37
the news. We have a lot to talk about
17:39
today. Let's check it out.
17:39
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hardware wallet. Anyways, this is what I want to
20:07
talk about today, just an example of bitcoins incentives
20:10
and how they stay winning. So the headline for audio
20:14
listeners is bruised by stock market Chinese rush into banned
20:18
Bitcoin goes on to say Dylan Run, a Shanghai based finance
20:22
sector executive. Started moving a bit of his
20:25
money into crypto currencies in early 2023 when he realized that
20:29
the Chinese economy and its stock market were going
20:31
downhill. Crypto trading and mining has
20:33
been banned in China since 2021. Run used bank cards issued by
20:38
small rural commercial banks to buy crypto currencies through
20:42
Gray market dealers and capped each transaction at 7000 to
20:45
escape scrutiny. Goes on to say Bitcoin is a safe
20:49
haven like gold. He now owns roughly CN¥1 million
20:53
worth of crypto currencies according accounting for half of
20:56
his investment portfolio, compared with just 40% in
20:59
Chinese equities. His crypto investments are up
21:02
45%. Chinese stock market, meanwhile,
21:04
has been sinking for three years.
21:06
Like run more and more, Chinese investors are using creative
21:09
ways to own Bitcoin and other crypto assets that they believe
21:13
are safer than investing in crumbling stock and property
21:16
markets. At home, they operate in a Gray
21:18
area. While cryptocurrency is banned
21:21
in mainland China, there are strict controls on capital
21:24
movement across the border and people still able to trade
21:28
tokens such as Bitcoin on crypto exchanges such as OK X and
21:32
Binance or through over the counter channels.
21:35
Mainland investors can also open overseas bank accounts to buy
21:38
crypto assets. After Hong Kong's open
21:41
endorsement of digital assets last year, Chinese citizens are
21:44
also using their 50,000 annual Forex purchase quotas to move
21:49
money into cryptocurrency accounts in the territory.
21:52
Under Chinese rules, the money can only be used for purposes
21:55
such as over St. overseas travel education.
21:58
China's economic downturn, quote, has made investment on
22:01
the mainland risky, uncertain and disappointing.
22:04
So people are looking to allocate assets offshore set in
22:07
a senior executive. Hong Kong based cryptocurrency
22:09
exchange, Bitcoin and crypto assets have attracted such
22:12
investors, he said. Quote.
22:14
Almost every day we see mainland investors coming into the market
22:18
as retail investors make a dash for crypto currencies.
22:20
China's brokers and other financial institutions aren't
22:23
far behind. Starved of growth opportunities
22:26
at home, many of them are exploring crypto related
22:28
businesses in Hong Kong. Quote If you're a Chinese
22:31
brokerage facing a sluggish stock market, weak demand for
22:34
IPOs shrinking in other businesses, you need a story.
22:38
You need a growth story to tell your shareholders and the board.
22:42
The Hong Kong subsidiary of Bank of China, China Asset Management
22:45
and Harvest Fund Management are all exploring businesses in the
22:48
territory. That deal in digital assets goes
22:51
on to say access to Bitcoin isn't that difficult on the
22:54
mainland exchanges such as OK X and Binance to offer trading
22:59
services. We we talked about that, but it
23:01
goes on to say despite being banned, the Chinese crypto
23:04
market recorded an estimated 86 billion in raw transactions
23:08
volume between July 2022 and June 2023, dwarfing Hong Kong,
23:12
which witnessed 64 billion in crypto trading.
23:15
So think about that for a SEC, right 'cause that is signal
23:19
right there. OK?
23:20
It's estimated that still roughly 15 to 10% of the hash
23:24
rate is still located in mainland China.
23:26
They have a total ban on this thing and still there's $86
23:30
billion worth of raw transaction volume.
23:33
OK. And then connect the dots with
23:35
what is happening worldwide in terms of people using
23:41
specifically to be honest and fair, it's really tether, right?
23:44
But it's an alternative to their local Fiat currencies and that's
23:49
what's happened. That phenomenon is happening
23:51
worldwide, right? If you specifically in countries
23:54
like if your country has a high inflation rate, more than likely
23:58
a percentage of the population has already opted out for an
24:02
alternative. And I truly believe that Tether,
24:05
you know, and we had Samson on the other day, a couple days ago
24:08
and he said it too, right? Tether is like a step in the
24:11
right direction. It's like getting people's feet
24:13
wet with what's going on, right. And because people have been
24:17
conditioned, like if you live in these countries and you get your
24:20
hands on the dollar, even if the dollar is suffering through like
24:23
10% inflation, it's still gonna it.
24:25
The dollar is gonna be king in your country, right.
24:28
So people have been accustomed and you know, they grew up in an
24:31
environment where they want to hold on to dollars.
24:32
But I think really what we're going to see in the next 5 to 10
24:35
years is there's now, there's a now, there's a better currency
24:39
right now, There's a now there's a better alternative.
24:42
The dollar was the best alternative alternative out of
24:45
all the shit Fiat currencies, but now there's an even better
24:48
option. I think people are going to wake
24:50
up to this. But look, This is why Bitcoin is
24:53
going to win. You want to know why it's going
24:54
to win right there. There's an example of it.
24:57
There's no amount of coercion and government propaganda and
25:03
scary words that's going to change Bitcoin's incentives.
25:07
Bitcoin incentives are amazing, right?
25:10
This number go up technology, it's going up forever.
25:12
Laura. There's a cap supply.
25:14
It helps you if you take self custody.
25:16
If you live in a totalitarian regime, it allows you to vote
25:18
with your feet, right. Those are all qualities of
25:22
Bitcoin. Even with the ETF this morning
25:25
that it would they they announced publicly the address
25:29
right. And I and I, you know, I took a
25:30
screenshot of it, that announcement, I said, you can't
25:33
do that with gold, right? You can't do that with gold.
25:36
You know, it's like unique to Bitcoin, right?
25:38
Bitcoin with gold, you're limited by its physical
25:40
characteristics. It's very heavy.
25:43
You can't send it instantaneously overseas, right.
25:46
With Bitcoin, that changes the conversation.
25:49
So this is extremely exciting. And this tells me that we're
25:51
winning hard, right? In the most totalitarian, like
25:56
one of the most totalitarian regimes on planet Earth, there
26:00
were still $86 billion worth of transaction volume.
26:04
And that's telling me that the populace there is like, yeah, I
26:08
like your laws, but this thing is dope.
26:12
That's what that's telling me. So we're winning.
26:14
This is what winning looks like. And I mean we we speculated, we,
26:18
we made the case as to why this was going to happen.
26:21
And really, I think the hash rate example's a great, you
26:26
know, it's it's a great example of of of bitcoins incentives,
26:29
right. Let me see if I can kind of zoom
26:31
in here. That was a bad idea.
26:34
Let's go back. There we go.
26:37
OK Well, on this chart, it's not so pronounced.
26:39
Maybe if I could zoom in a little bit, right.
26:42
But I've made the case for you guys many times that I believe
26:47
the 2021 bull market was cut short because the hash rate drop
26:51
and essentially those miners were relocating overseas.
26:54
And why did this happen? Well, this happened because the
26:57
CCP banned Bitcoin mining. They banned Bitcoin within their
27:00
borders, right? And within like nine months to a
27:05
year, the hash rate not only recovered, but it started making
27:08
all time highs. And that hash rate decentralized
27:11
in the process, right? And many years down the road,
27:15
there's still a percentage of Bitcoin miners that are in
27:17
China, #1 and #2. People are still trading it,
27:22
even if it's banned, right? That should tell you everything
27:26
you need to know about bitcoins, incentives and how hard we're
27:29
winning anyways. What's your take on this?
27:31
And then we'll let's get. Shonda, let's get Shonda pop in.
27:34
I probably said this all the time, so I'd like to hear him
27:38
and then I'll rant a little bit. There's a couple of interesting
27:42
things, I think in regards to to China.
27:45
I think in 2021 I was reading this morning on the World
27:48
Economic Forum site. They've put out a pretty good
27:50
article saying they've banned it due to national security and
27:54
social stability. And of course they throw in
27:56
money laundering and tax evasion.
27:58
But for them to know that money was flown out, they are
28:01
panicking at a higher level, and they do put out propaganda for
28:05
people. But so many people are waking up
28:08
and realizing that, OK, if they're speaking bad about it,
28:11
maybe this is something I need to pay attention to.
28:13
Another $86 billion. That's huge.
28:16
That's a whole lot of money going there for something that's
28:19
made illegal. And I wasn't in 2021.
28:22
Gentlemen, with that Chinese official and his hey, I'm not
28:28
sure what ended up happening with him, but his basically
28:31
helping push these Bitcoin miners through and giving them
28:34
cheap electricity and stuff and he he got in a whole lot of
28:37
trouble. But it doesn't matter what level
28:40
of government or what level or just being a citizen, people are
28:44
just starting to realize that we need to go to a harder money.
28:48
And I guess what you're saying earlier is the dollar's a good
28:52
start. It is a better story of value
28:54
than say, the Turkish lira. People are naturally going to be
28:59
incentivized. It's digital through Tether.
29:02
Well, what's the next step? Digital gold.
29:04
It's Bitcoin. And that's making it pretty
29:06
simple. But it's pretty exciting to see
29:09
that even at pin bands that people like, no, like, you're
29:14
not going to stop me and you can't stop an idea which time
29:16
has come A. 100% Bitcoin's time has definitely come anyways.
29:21
Opti, what's your take on this? Film.
29:22
Yeah. Well, first and foremost, I I
29:25
really do believe that the China ban is like such a pivotal
29:30
turning point in the whole Bitcoin experiment.
29:34
In in, in the, you know, in the Bitcoin narrative.
29:38
Like if China can't stop Bitcoin, like, I don't, I I just
29:44
don't think that there's weight to the idea that the US can also
29:47
stop Bitcoin. I know that's like a a common
29:49
theme right now is that like oh what if America bans Bitcoin?
29:52
It's like, guys, this is a global phenomenon.
29:55
You know China already tried this.
29:56
I I can't even remember how many obituaries there are coming out
29:59
of China about them banning Bitcoin and how it's over.
30:02
And you just love to see that Chinese individuals themselves
30:05
know why they would want to own a money that is outside the
30:09
state apparatus. Like to me this is such a a
30:12
perfect thought experience, especially when you understand
30:16
just some rudimentary basics of what goes on in China.
30:19
They already basically have a CBDC system.
30:21
We know Musk is talking about doing like a WeChat for the West
30:24
and all that and it just, I just love to see that there is
30:28
freedom minded individuals in every corner of the world and
30:31
they understand like hey, you can try to stop Bitcoin.
30:34
What do we always say? You know, you can't ban Bitcoin.
30:37
You can only ban yourself from Bitcoin.
30:39
And you just love to see that there's further proof and every
30:42
corner around the world that people will find a way to be
30:45
free. And that's that's just like a
30:47
very, I don't know, maybe feel good narrative.
30:52
It's like, oh, OK, like humans don't want to be slaves.
30:55
And if there is a technology that breaks the power of the
30:59
state and the monopoly over money, they will use it.
31:02
They will find a way no matter what.
31:04
And while you were covering this Nico, I was reminded of the odd
31:08
experiment of what happened in Nigeria.
31:10
Remember that last year we covered it all the time.
31:13
Nigeria tried to roll out of CDC and the citizens there just
31:16
wholly rejected it. And just seeing little tidbits
31:21
like this going around the world where like, look, if you are in
31:25
a position of power as a government official and you try
31:27
to ban freedom technology, people will find a way around
31:31
this. And I know a lot of times, and
31:33
you're even joking, calling me cynic fields and Nihilus fields,
31:36
everyone in the chat, you know, it's very easy to get black
31:39
pilled in the face of clown world, but it just goes to show
31:42
that humans will find a way. And if you show them that there
31:46
is a solution to the world's problem, if you show them that
31:50
there is freedom money, they will eventually find their way
31:53
to freedom money. And yes, we all know that you
31:55
know the dollar, It's like a step from your very bad
31:58
currencies to the dollar, considering this is the world
32:01
reserve currency. But all roads lead to Bitcoin
32:04
and it's only a matter of time until people realize what the
32:06
game is. As more and more politicians and
32:09
governments and central bankers overstep their boundaries and
32:12
try to steal our liberties, people will eventually end up on
32:16
Bitcoin. And just it makes you feel
32:18
hopeful that yes, OK, we are winning, we will win.
32:22
And it's only a matter of time. It really isn't education game,
32:25
or rather as we've been covering, it's a narrative.
32:28
What do you say, narrative trench warfare right now?
32:30
Like the powers that be have the control of the narrative.
32:34
And you know, like what we're doing here with like today on
32:37
simply Bitcoin, what Sean does on his channel, like we are
32:40
actively trying to propagate the meme so more people realize that
32:45
hey, there is an alternative here.
32:47
Like there is an out here, there is an escape route and you don't
32:51
have to just take the abuse from these state apparatus like we
32:55
have a solution. It's called Bitcoin.
32:57
It's only a matter of time until everyone figures this out.
33:00
And hey, it just goes to show we still have a job for a little
33:04
bit talking about Bitcoin until everyone realizes, Oh my God,
33:07
it's so obvious. Of course I should own some
33:09
Bitcoin. It was obvious the entire time.
33:12
Yeah. Anyways, no, they'll they'll say
33:15
it was obvious the entire time. Anyways, like, I don't know bro,
33:19
it regrets me that I didn't buy Bitcoin in 20/11/2013.
33:25
OK, everybody feels that no matter when they get in.
33:28
It's such a it's such a it's such a it's such a tough pill to
33:31
swallow. OK, anyways, I do want to give a
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35:25
Well, you guys already know the deal on the culture.
35:28
We talked to our guests, let them give a platform so they can
35:31
rant. But Sean, you just dropped this
35:34
video. I think it was yesterday, a few
35:36
hours ago. So we haven't played this clip
35:38
yet on our show. So let me just start there.
35:41
I will play this clip for people and then I think we'll get some
35:45
good rants going from here. So shouts out the Jack mahlers
35:49
on Yahoo Finance. Just absolute mic drop moment.
35:52
Just oh man, he's the goat. Like that's out.
35:54
The Jack ball is. All right.
35:55
Let's play this little clip for you guys if you haven't seen
35:58
this very, very good testament to the idea of breaking the echo
36:03
chamber and shouts out to the drinking game on YouTube,
36:06
breaking the Overton windows. So let's play this clip real
36:09
quick. And Bitcoin specifically, you
36:10
had the JP Morgan, JP Morgan CEO and Chairman Jamie Dimon calling
36:15
it essentially pet rock and once again calling into question it's
36:19
worth and its value. Here.
36:21
I would love to get your reaction, especially as some of
36:23
the financial industry elites and and figureheads are
36:27
continuing to cast some doubt here.
36:31
Yeah, thanks for having me, Brad.
36:34
What do I think about Jeffrey Epstein's banker being concerned
36:39
that a distributed, decentralized, open public money
36:43
could potentially be used for bad things?
36:45
Sitting on a ski resort in Davos, I don't really care.
36:50
I don't know why anyone cares, right?
36:52
I mean, that guy knows when money is used for bad things, so
36:55
I it's a weird opinion of his. And my pet rock was up, as you
36:59
said, 160% last year. It performed well against the
37:03
dollar. So I don't know, I don't really
37:05
care what that guy has to say about Bitcoin.
37:08
I don't know why anybody does. Shouts out the pet rock.
37:14
Shouts out to the pet rock. Oh.
37:15
Hashtag Bro, my pet rock is amazing.
37:18
Dude, my pet rock's amazing. All right.
37:19
Sean, what's your thoughts on this?
37:21
Pet rock from now on, Yeah, everyone stop what you're doing
37:24
right now and stack some sex. Pet Rocks.
37:27
Pet rocks. But anyways, pebbles, yeah.
37:30
He's a bowler, hey. Yeah, you you you did a video on
37:33
this. Let's let's rant on this a
37:36
little bit. And if you want to, you can also
37:37
connect it to, you know, talking back on the World Economic Forum
37:41
and that maybe the global isn't at large.
37:44
Well the the globalists are definitely know that they're
37:47
losing but Jack Maul is pretty cool and Jamie Damon I I think
37:53
he's better known for as that seems banker.
37:57
He's not calling him a pedo but he's been pretty brutal there on
38:02
on mainstream news but even just and and it's like the mirror
38:07
opposite. So Jamie Damon was CNBC and said
38:12
like for help me God I never want to talk about this shit
38:14
ever again. And then Jack Mall is given the
38:17
exact opposite side. So regardless of who it is,
38:20
whether it's Trump, Vivek, RFK DeSantis, Elizabeth Warren, JP
38:25
Morgan, everybody is talking about Bitcoin.
38:27
That video that you played earlier at the start as well,
38:31
the conversation of Bitcoin is absolutely everywhere.
38:34
And I think they're starting to to get scared and that's why
38:37
they're going to continue to get louder.
38:39
Like the emails and stuff that must go on between Elizabeth
38:43
Warren and Jamie Dimon talking about tax evasion, money
38:46
laundering and stuff. It's just the same playbook.
38:49
That's these speaking points and people we need to do it for the
38:52
kids. We need to protect you more and
38:54
more. They're they're truly panicking
38:56
because we are seeing like what Nico and Opti was saying
39:00
earlier, people are seeking out more and more independent media.
39:04
And there's that Lady, and I don't know her name, but there's
39:08
that video and I'll play it later today, where she's at the
39:12
World Economic Forum and she's high up there in traditional
39:17
media and said like they're losing control.
39:19
People are now asking for more truth.
39:21
They want to know where this information is coming from and
39:24
they want to see both sides. So I think they're getting very
39:28
scared. But some of the things that are
39:30
going on with like Jamie Dimon, so he came out a couple of years
39:34
ago with his stance against it and then not too long later like
39:39
a couple of weeks he did say after I put that out, his
39:44
daughter texts him, said dad I own two Bitcoin and I I think
39:48
we're seeing like this everywhere.
39:51
Do they need to have their their kids and stuff buy it Like Jamie
39:55
Dimon, of course he owns Bitcoin.
39:57
He's just not talking about it becoming the AP for BlackRock
40:01
and stuff. They're getting scared, but I
40:04
don't think it's going to last for for very long and truth is
40:09
always going to prevail. That's what happens with
40:11
Bitcoin. People just start to understand
40:13
it takes a little bit of time, but regardless how they come
40:16
there. And they're getting louder and
40:19
louder, But any good, any news is good news.
40:21
So the louder they get, the more scared they get, the more people
40:24
are going to hear about Bitcoin. And some of those people will
40:26
actually look into it. And I think probably most people
40:29
here will know in their lives that people are more opening to
40:34
at least hearing about Bitcoin than what they used to be, say,
40:37
three or four years ago, because they're suffering inflation.
40:40
And they understand that something's not quite right.
40:43
And they're waking up to, like, these guys dancing with
40:47
injections and stuff and all coming around like the whole
40:50
world coordinating. They go to the World Economic
40:52
Forum, and then they all say this doublespeak everywhere
40:56
around the world. And people are realizing, OK, is
40:59
there an agenda here? And I think it's, it's an
41:01
exciting time, Jamie. Yeah, well, Jack, Jack Mull is
41:06
calling out Jamie. Demon was pretty fantastic,
41:09
truly. He's a he's a goatee.
41:12
He's a goat. I love how you pronounce it.
41:14
Jamie Demon. The hashtag Jamie Demon in the
41:16
chat. I I I wanna I.
41:20
Wanna ask you? And that's kind of what?
41:23
Hold on, hold on. I'm gonna interject here.
41:25
Interject. Opti.
41:26
Okay. Opti.
41:27
Opti is misbehaving today. So he's not Nego and Sean.
41:31
Sorry, Opti. You're gonna be in trouble.
41:34
I'm gonna interject here. So I don't think that they're
41:37
necessarily evil. Except for Klaus.
41:39
Okay. Klaus.
41:39
Undeniable. That guy.
41:41
Something's going on there, right?
41:43
Well, just on that quickly, you are the PE.
41:46
You are like the five people, you hang around and all these
41:48
people. So if Klaus is evil by default,
41:51
everyone else. Has friends.
41:53
I don't think Klaus has friends. He's got minions.
41:56
Minions. Yeah, but they're close to him.
41:57
They spend time, even if they're not friends, if they're in his
42:00
vicinity, by default they're evil.
42:03
There's no other way about it, you know?
42:05
And the only people that have balls is like people like Harvey
42:08
M Malay going out there and just feeding it back to him.
42:11
Like, my God, they're never going to let him back.
42:13
That's they probably will because they need to be seen as
42:16
as woken doing the right thing. But they don't realize that
42:22
people are waking up anyway. Sorry to cut you off Nico, but
42:26
they are all evil. No, I mean, So what I would say
42:30
is the comments today are savage.
42:35
Skip down the road, says Max Kaiser calls him a Tapewormer.
42:38
OK, so. Mike 'cause it's pretty right.
42:41
I would say Keith says crushing others to pursue your own
42:47
interests is evil. OK.
42:49
So I would say that I think that these people have grown up in an
42:56
unaligned incentive structure system that brings out the worst
43:01
in humanity. And I think that all these
43:03
bankers and all these people that work for these, like
43:06
corporations and the so-called globalists and all that, I think
43:09
that they're just people trying to pay their mortgages like the
43:12
rest of us. But I think that unlike the rest
43:17
of us, they're within the, the Fiat elite and they benefit from
43:22
the system. But the system incentivizes them
43:25
to kind of act against the rest of humanity, right?
43:29
It's like a, you know, an elite few benefit while everyone else
43:32
loses. And I think you can interpret
43:35
that has evil behavior. I don't think that they're
43:38
twirling their mustache. Just saying, ha ha ha, you know,
43:41
except for Klaus. Like he says, the Klaus.
43:43
Doesn't have a must. He doesn't give a fuck.
43:44
He says the quiet part. He says the quiet part out loud.
43:47
Like perhaps maybe you can make that guy the case.
43:49
That guy's evil, like, and he fucking looks evil and he's
43:52
like, he's like there needs to be.
43:54
Sounds like a Bond villain. There needs to be a great reset
43:57
and we need a great reset for this world.
44:00
Like. OK, like, whatever.
44:02
So maybe you can make the case that guy's evil, OK.
44:05
But the rest of those people, I mean, we had Michelle Weekly on
44:07
the show up. Do you remember that episode?
44:09
Like she was talking about it? I think that the Fiat just
44:12
brings out the worst in people. And I think that that's what
44:15
you're seeing here. I really believe that you're
44:18
seeing a system with misaligned incentives, and those misaligned
44:23
incentives happen to hurt the rest of the population.
44:26
I think that's why you're seeing the rise of globalism.
44:29
That's where you're seeing the rise of these giant nanny states
44:32
or the administrative states, whatever you like to call them.
44:35
And it's all fueled by Fiat. Without Fiat, I don't think you
44:39
would have that much. You don't.
44:40
You wouldn't have as much corruption.
44:42
You wouldn't have these, like global organizations.
44:45
Governments wouldn't be able to control the money flows like
44:48
they've been able to because they're the ones that, you know,
44:52
control the money. So yeah, I, I really believe
44:55
that. I, I, I, you know, maybe Klaus,
44:57
you could say is evil. I, I, I have a hard time
45:00
believing that everyone that goes to Davos is necessarily
45:03
evil. I just think that they're
45:06
working in a system that incentivizes, quote UN quote
45:09
evil behavior. Not from their perspective.
45:11
They probably think they're doing what's best for the world,
45:13
right? close.
45:15
But anyways, that's my. Take, I mean, listen, if you
45:17
guys didn't see yesterday's episode, I think Nolan kind of
45:20
summed it up pretty well. It's like, you know, the, the
45:22
financialization of everything incentivizes certain behavior
45:26
and it's really, you know, stolen the future from everyone
45:30
else and and now we're dealing with these consequences.
45:33
Anyway, Sean, if you want to respond to that or I can tee you
45:35
up to another question. No.
45:37
Well, I guess just talking about Nolan yesterday when he was
45:39
saying World War Three would be a war of propaganda and a war
45:44
more of the mind instead to hot wars.
45:46
So yes, it's a little bit simplistic saying that they're
45:50
all evil, they're everyone's probably trying to do the best
45:54
they can with what they've got. But like these two gentlemen are
45:58
saying, if the incentive structure is to print money, and
46:02
that affects 90% of the world's population or 90% of that
46:07
nation's population, and they know this and they do it anyway
46:11
because they do understand, then thanks for every action, there's
46:14
a reaction. If they do that willingly for
46:19
their own incentives, that is still an evil action.
46:23
At my on a Bitcoin standard, that can't happen or wars can
46:29
still happen, but they'll happen less and less and people will be
46:32
held accountable. So yes, it's due to fear, but if
46:38
you do something bad, then it's a bad action.
46:43
Maybe it doesn't make you a bad person, but it's still a bad
46:47
thing that's happened in the world.
46:48
So I definitely stick to them being evil.
46:52
Not everyone, but let's. Go.
46:54
All right. All right.
46:55
Sean, As a fellow content creator, I like to ask the same
46:59
question. Cuz you know, Nico and I, we, we
47:02
always try to make sure that we're not just blinded by our
47:06
own confirmation bias and what we're seeing.
47:08
So as a fellow content creator, do you also believe that we are
47:13
seeing it a pendulum shift towards people wanting truth?
47:16
Or is this just us, you know, seeing what we want to believe?
47:20
Oh, I guess that's pretty hard. But I guess like what what I was
47:24
saying earlier, in the last three or four years, people
47:27
weren't really willing to talk about what happened in in March
47:32
2020 and the way of the world. But people are feeling so much
47:36
pain. So they're starting to seek
47:38
questions like that's the survival trait.
47:40
People want to feel the best they can.
47:42
So I think we are seeing more and more people and like in my
47:45
comments section I'm seeing a a lot of people, 60 fives,
47:49
seventies, 82 years old that are stacking Bitcoin and stuff.
47:53
And that's a huge step change to to be able to keep up with
47:56
technology and learn something new.
47:58
Like my granddad was a very smart man, he never learned to
48:02
understand and he as an engineer and came from first principles,
48:05
so people that are in in need. So yes, I do think we live in an
48:11
echo chamber, but I think that echo Chamber's growing bigger
48:16
and bigger and is continuing to get bigger.
48:18
I don't think it's like slowly then suddenly, you know, like
48:22
it. It takes a trickle to come in,
48:24
but that's Stillwater piling up. So more people are coming here,
48:27
but maybe I'm still in that EE bubble as well, and that's what
48:31
I want to believe. But it doesn't take a a huge
48:35
majority of people to be aware and know something's wrong,
48:39
because it's only like many voices, you know, if it's 10
48:42
million people worldwide or something really talking about
48:45
it, that spreads pretty quickly. Absolutely.
48:49
Well, I mean that's great dude to hear about.
48:51
You know the older generations, they're they're stacking as
48:55
well. And in our experience, yeah,
48:57
like, you know, there's some, there's some legendary Bitcoin
48:59
boomers, right, That are, you know, they're they're just,
49:02
they're toxic as fuck toxic. In a good way, right?
49:06
So yeah, I mean, absolutely. I 100% agree with that.
49:09
And it's so awesome to see the older generations as well,
49:12
'cause they're, they're just as enthusiastic, right?
49:15
They're. Just and they've got all the
49:16
money. Exactly.
49:17
They have the with the VAT, the lion's share of the world's
49:20
wealth 100%. But that's why I'm so excited
49:23
for like the next decade or so. You're gonna see this great, you
49:27
know, transition of that. A lot of that wealth is gonna
49:29
start to hit the gen's, the Gen. Xers and the millennials.
49:32
So that's gonna be really interesting when that happens.
49:36
100%. OK, well, last thing.
49:39
Well, not the last thing. The other thing you wanted to
49:41
talk about before the show, it might be kind of a hard pivot.
49:45
You were talking about the SEC getting hammered, the GBTC stuff
49:49
going on. So maybe you wanna jump in on
49:51
that topic real quick. Obviously, everyone's been full
49:55
on it as arbitrary and to purchase what the SEC did for so
49:59
many years, preventing people to be able to cash in and on
50:03
grayscales So Grayscale really cornered the market.
50:05
Obviously, we've seen a whole lot of cell pressure, but the
50:08
price is whatever the price is $39,800 at the moment.
50:13
Even with 10,000 coins being offloaded every single day, the
50:17
market's sucking it up. So it's not something to to
50:19
worry about, but to see people like Gary Gansler who was sold
50:24
for Bitcoin and blockchain technology, he used to teach on
50:28
it. Then he goes into the SEC and
50:30
whoever paid him to delay for so long, it's it's an incredible
50:36
time to to be here. But they've lost now.
50:40
Like even how bitter Gary was that Bitcoin ATF got approved,
50:46
but they can't stop it now. And I guess that just goes back
50:48
to you can't stop an idea who's time has come so bit.
50:53
Bitcoin's going to continue to win and they're going to
50:56
continue to to be CR and maybe we get some of these shit coins
51:00
and stuff come onto the market through ETFs and stuff,
51:03
whatever, whatever allows people to maybe they come in and they
51:07
learn about digital assets. What's the number one digital
51:10
asset? It's Bitcoin.
51:11
So that was my journey as well. So I don't necessarily see it as
51:14
a bad thing but it's nice to know that the SEC is being
51:19
hammered. And again like what you're
51:21
saying Nico not everyone is is bad.
51:23
The SEC is non naval company. They're trying their best.
51:26
Whatever incentive structure was going on with Gary Gensler and
51:30
how it went on but the courts actually ruled positively guess
51:34
still hold real Bitcoin. It gives you price exposure.
51:37
But again it goes back to all the the boomers.
51:41
It allows them. They trust Black Rock.
51:43
They trust fidelity and when they can see it in something
51:46
that's familiar to them, I I think it's it's all the win.
51:50
I don't want to rail against them too too hard.
51:55
Gary Gensler's probably not going to be there for too many
51:57
years either. So it's probably not something
52:00
we need to worry about. And we've got people like Hester
52:02
Pearce and stuff that are reasonable, you know, and they
52:06
truly understand what's going on and it's they're not holding it
52:12
back. And one thing I want to just say
52:13
for everyone, It's a good book. The boys brought it up.
52:17
It's a really incredible book. Enjoy.
52:20
Let's go. Let's shut up, Brian.
52:24
Sean, just you know based off your accent, I can only guess
52:27
that you are not in America or rather can look at what's going
52:31
on in America from a more objective view.
52:33
So do you even care about, you know, spot Bitcoin ETF being
52:38
approved in America? What's going on with the SEC
52:41
like as a non objective view of what's going on Bitcoin
52:45
globally, What's your thoughts on all this?
52:47
Well, I'm definitely still biased because I'm in Bitcoin,
52:49
but having the ETF and the states being the US superpower,
52:54
it's one of the most beautiful countries in the world.
52:56
But that aside, as a global economic power, the USA is #1,
53:01
and for them to give the green light for for the ETF, it's it's
53:05
huge. Hong Kong's now talking about,
53:07
they're trying to rush it through.
53:08
They basically want to have one as soon as possible.
53:12
It makes it a legitimate asset. And BlackRock owns the world.
53:17
Like there's the US, there's China, and then there's
53:20
BlackRock for like global superpowers and BlackRock so
53:24
private company. So for for that to be happening,
53:27
like everyone over here. I went to a party, I don't know,
53:31
two or three months ago, November last year.
53:33
And I was talking to someone, what do you do?
53:35
I'm into Bitcoin, blah, blah, blah.
53:36
And they're like, Oh yeah, that's a scam.
53:38
I'm like, well, it's not actually.
53:40
And we've got the head of BlackRock and he's a very
53:43
wealthy guy. We've got the head of BlackRock
53:45
sign. It's a flight to quality.
53:46
And he's like, oh, so what's the ticker?
53:49
I said you can only buy like on a neck on exchange at the
53:53
moment, a crypto Bitcoin only exchange.
53:56
He's like no, no, I'll just wait till the ETF comes out.
53:59
Now at that time Bitcoin I think was at like 27,000 or whatever
54:03
and it's gone up to 40,000. So people are willing to lose
54:09
out a little bit on price exposure until there is
54:12
something back in it. But it's going to make a a rapid
54:15
file like that war of nation states adopting it like it has
54:20
started with the US and with BlackRock specifically.
54:23
I don't think we potentially would have got the ETF as quick
54:26
if BlackRock hadn't stepped into the plate and they're
54:29
incentivized to make as much money as possible.
54:31
So they're going to keep advertising it for.
54:33
But obviously I'm still going to be biased because it will lead.
54:38
They're sucking up a lot of coins, Bitcoins, some go up
54:40
technology, so maybe not straight away we thought maybe
54:44
potentially after the ETF was approved straight to $1,000,000,
54:49
you know Samson, Marco and a million having a little bit of a
54:51
jest days after, but bitcoin's either going to 0 or $1,000,000
54:58
and now it's become a legitimate asset.
55:00
That's what the ETF has done for the rest of the world,
55:04
basically. Yeah, I I literally had this
55:06
conversation with my dad this morning.
55:08
He like, I forget what he said. He's like what's this like AW2F
55:11
thing. I'm like the ETF, it's like
55:13
yeah, we basically just got legitimized in the eyes of the
55:16
world. So hate it all you want it's
55:18
it's happening in real time. But anyways, strong pivot, Sean,
55:22
let's plug your YouTube channel, what you're working on, what's
55:25
the goal over here and let's let's hopefully get some of our
55:28
viewers to collaborate and go on to your channel as well.
55:33
Yeah, I always jump over and say G Day.
55:35
G Day means good day in Australia, so today's fuck off.
55:39
Friday, Monday to Friday, Monday to Thursday, Australian Eastern
55:43
Standard Time. Keep it pretty PG.
55:44
We'll get through and I won't swear all too much but Friday is
55:48
just a day to be able to have a little bit of a a banter with
55:51
the community to be able to talk, to be able to bring up
55:54
these demonic people and go and just rail against and let off a
55:59
little bit of steam. But just realize that we're all
56:01
here and what you two guys say is kill em with mimetic warfare.
56:06
That's ex how how we win like comedy, laughter, entertainment.
56:11
If we can get that out with truth attached people are going
56:14
to resonate but whole lot of fun so come there.
56:17
There's obviously some good interviews as well with people
56:20
like Greg Foss, Natalie Brunel and even Matt Hogan from Bitwise
56:26
Chief Investment Officer the other day I got to ask him some
56:29
really hard questions. So yeah, come over and say hi.
56:32
I'll reply to you in the comments, but that's me.
56:35
How it's awesome, dude. Let's go.
56:36
All right. One last question.
56:38
You know before we I think I, I, you know I I think I went on
56:42
your your show once to do one of the interviews which I had a lot
56:44
of fun on. You you think it did man is such
56:47
an amazing conversation and for anyone that doesn't know, Nico's
56:51
journey mining out of helicopters and stuff is
56:54
absolutely insane. So like crazy stuff going on.
56:58
So I I thought that was really fun.
57:00
That's one of my funnest interviews.
57:01
That's under videos as well. So if you want to dive a little
57:04
bit more into Nico and Opti, I'd love to have you on and dive
57:08
into your back story as well. That'd be awesome.
57:11
But that, man, that's a lot of fun.
57:13
I. Really enjoyed that.
57:14
Thanks for having me, you're a great interviewer.
57:16
Of. Course, definitely.
57:17
And then just on the last point, we do talk about breaking the
57:22
echo chamber, memetic warfare, and really what we're doing here
57:26
is trying to change the narrative.
57:28
And what's your thoughts on this?
57:32
The only way from here moving forward is just having these
57:35
conversations and try to spread the signal or is it just fo
57:39
mowing and people FOMO in the price like what's your views on
57:42
this? That big guy go up is a pretty
57:45
good incentive. Like people will really start
57:47
paying attention to Bitcoin once it hits $69,000 again.
57:51
That's just people are incentivized by greed and anyone
57:55
that says they're not here for greed reasons at least
57:57
initially. So I definitely see things
58:02
shifting pretty quick and my apologies up there, it's four in
58:07
the morning here. Would you just be able to say
58:09
the second-half of that question?
58:11
I don't even remember what I just said.
58:13
I think it's just is is the only way forward educating people
58:18
just because like I I kind of think that like I I, it's being
58:22
cynic fields again today. Like I I really don't think
58:26
people need to read books or listen to 1000 hours of Bitcoin
58:29
podcasts to get what's going on here.
58:31
Like I think just people experiencing Bitcoin might be
58:34
the best way moving forward. And as the price goes up people
58:37
will just start to be incentivized or rather you know
58:41
greedily incentivized to go into Bitcoin.
58:43
And that's all that we really need to do is just make sure
58:46
that Bitcoin doesn't die on our watch.
58:48
So is are we basically beating our head against the wall trying
58:52
to educate people or does number go up do this for all of us even
58:55
though like our job is to educate people?
58:58
Well, I think it's different strokes for different folks.
59:01
Say like if you're having a conversation with someone, the
59:03
easiest way to orange Pillow is find out what their pain point
59:06
is like is the cost of living too high and be able to relate
59:10
to them. 101. But then other people will want
59:13
to hear the mainstream media. They will go and they'll read
59:17
Forbes, for example, or they're here Bloomberg Analyst.
59:21
Otherwise some people get this through the the mains on Twitter
59:27
or long posts or articles or you, you know, like I've got
59:30
some beautiful magazines by the Bitcoin Times or people read the
59:34
books. It's bitcoins like so varied.
59:37
Other people are going to come in from a technology point of
59:40
view, from the mining side of things, but there's so many
59:43
roads that lead to Bitcoin and I guess that's why it's so good to
59:46
have so many different people talking about it, you know,
59:51
online, on YouTube, on on X. So while we might specifically
59:59
target a a certain audience, they will have friends and maybe
1:00:05
11 video of ours out of five resonates with a certain type of
1:00:09
person. Like Fuck off writers is not for
1:00:11
everyone and that's why I'm pretty careful with it.
1:00:14
But if we can talk to people. Yeah, they're like with them
1:00:21
like sort of from a a live to a living experience point of view.
1:00:25
I I think that's the way that we win and and it's continuing to
1:00:29
happen. 100%. All right, Nico, before you pop
1:00:33
in, there was a question, Sean, what, what is your, what's that
1:00:36
background right there? People want to know what what
1:00:38
that website is. Yeah, so I think Julian, I can't
1:00:41
remember who first posted it. I'll have to give him credit.
1:00:45
Maybe Culligan Fields, but it's bit feed dot live.
1:00:49
That's absolutely awesome. So B yeah, BITF.
1:00:54
EE, I love all the different ways that you could visualize
1:00:57
the mempool. Oh.
1:00:58
Man, it's so, so cool. Well, yeah, that's such a great
1:01:01
interaction and you know, a great, great background that's
1:01:05
like, you know, interactive and it's like moving.
1:01:07
It's dynamic, Pretty cool. Pretty cool stuff.
1:01:10
Anyways, Sean, thank you so much for coming on the show.
1:01:13
It's been a pleasure. Really appreciate Wait, wait
1:01:15
wait. I forget, I forget for our
1:01:16
guest. Sorry, Nico.
1:01:18
The last thing. What is the last message you
1:01:21
want to leave with the audience? Boom.
1:01:22
There you go. Oh yeah, just stack and chill,
1:01:25
ladies and gentlemen. Like, don't worry about it's
1:01:28
super simple. Like if there's a red day
1:01:30
because we're going to see ten $20,000 drops, that's going to
1:01:34
happen like both on the upside and the downside.
1:01:37
So if you start to push, I call it the red button.
1:01:40
When there's a big red day, if you can get ready for it to move
1:01:44
down one percent, 1 1/2 percent, 5%.
1:01:48
If you have a 30 or 50% drop, especially after the blow off
1:01:52
top, you're good with it and have a longer term time frame.
1:01:55
So look at 351015 years. But if you can just look out and
1:02:00
you don't, don't overinvest. Don't be irresponsible where you
1:02:04
don't have food for your family clothing and where you're not
1:02:07
sleeping at night. That makes absolutely no sense.
1:02:10
There's no point getting your wealth sorted if you lose your
1:02:13
health, but if you can get that and just chill out, enjoy the
1:02:16
ride like it's going to get volatile as fuck but it's going
1:02:20
to be a whole lot of fun. As long as you're not over
1:02:24
invested and being over invested not financial advice.
1:02:27
Maybe it'll work out but as your mental health worth it, probably
1:02:31
not. So just do what you're
1:02:33
comfortable with so you can ride the volatility and have a long
1:02:36
term time frame. And Bitcoin is number go up
1:02:39
technology true on the other side.
1:02:41
So we're winning and just share Bitcoin content like like this
1:02:46
video to be able to get that out because people need to
1:02:49
understand that and they're going to start printing more
1:02:52
money this year. Like that's not not 100%
1:02:55
certain, but it's only 8.99% certain.
1:02:58
So be be prepared and allow your friends and family to be
1:03:01
prepared as well. A. 100% Wait, Mika, I'm going to
1:03:05
cut you off again. You know you were talking about
1:03:07
the your your friend in China are.
1:03:14
You gonna do that? Said Yeah.
1:03:16
I think what Sean says, it's exactly what I say all the time.
1:03:20
And it's so amazing that we all have this same perspective, the
1:03:25
same language, the same operating system on every corner
1:03:28
of the world, and we're all saying the same thing.
1:03:29
It's like guys, you know, get your mind right, get your body
1:03:32
right, stack, stack as much Bitcoin as possible.
1:03:34
But you also have to survive through this transition.
1:03:37
And Sean couldn't agree more. Let's go a. 100%.
1:03:43
Anyways, ladies and gentlemen, that was our show.
1:03:45
Sean, thank you so much for coming on.
1:03:47
Really, really appreciate it. Keep kicking ass.
1:03:49
There's wait. Tell the audio listeners where
1:03:51
to find you. Yeah, so just get a Bitcoin GDAY
1:03:56
Bitcoin and I go live. 535 Australian Eastern Standard
1:04:00
Time, 7:35 PM UTC. Hell yeah.
1:04:05
Well dude, thank you so much for coming.
1:04:06
On the show, it's been a pleasure to keep up the good
1:04:08
work, gentlemen. Appreciate it dude.
1:04:10
Thank you so much. Anyways guys, that was the show.
1:04:12
If you enjoyed the show, you know what to do.
1:04:13
Smash. I like buddy.
1:04:14
Consider subscribing if you feel like we provided you value.
1:04:16
But the number one thing you could do to help push the
1:04:18
peaceful Bitcoin revolution is share Bitcoin content We have to
1:04:21
win over the culture. Anyways, I'm your host Nico's,
1:04:23
my legendary Co host Opti who I am censoring and we'll be back
1:04:28
tomorrow for another episode of Simply Bitcoin Live.
1:04:31
Peace out, everybody.