Latest / Simply Bitcoin / INSIDER CONFIRMS You JUST Missed Your LAST Chance To Buy Under $100k?! | EP 1371

Transcript

INSIDER CONFIRMS You JUST Missed Your LAST Chance To Buy Under $100k?! | EP 1371 · Simply Bitcoin

• 0:00
  Yesterday was the second worst day for Bitcoin in 2025.
• 0:04
  The Bitcoiners. But Bitcoin has already bounced
• 0:07
  back $5000 since the drop to 98,000 dollar $98,000.
• 0:14
  Was that your last chance to buy Bitcoin under 100K?
• 0:18
  Let's hear an interesting framework from this Wall Street
• 0:21
  insider about the topic. And of course, then me and Opti,
• 0:24
  we'll talk about it. And the market for sort of
• 0:27
  crypto native retail is just more depressed than I've ever
• 0:31
  seen it. I think that market is close to
• 0:33
  a bottom. It's hard to find a crypto
• 0:35
  native investor who still has much enthusiasm for the market.
• 0:39
  I think the market is shifting into an institutionally driven
• 0:43
  market. And interestingly, that market
• 0:45
  is still bullish. When I go out and speak to
• 0:48
  institutions or financial advisors, they're still excited
• 0:51
  to allocate to an asset class that if you pan back and look
• 0:55
  over the course of a year is still delivering very strong
• 0:58
  returns. So my view of the market is we
• 1:00
  have to get through this retail flush out.
• 1:03
  We have to hit bottom from a sentiment perspective.
• 1:05
  I think we're very close to that.
• 1:07
  And then I'm optimistic that we rally into the end of the year
• 1:11
  and into 2026 as the institutional investors who are
• 1:15
  more maybe even keeled about what's going on at a fundamental
• 1:19
  level in crypto start to drive the market forward.
• 1:22
  So I'm optimistic, but we do have to finish this wash out of
• 1:25
  retail sentiment. And again, I think we're closer
• 1:28
  to the end of that than the beginning.
• 1:30
  But there, you know, there always could be a little bit
• 1:32
  more downside. So I mean, this is what we were
• 1:35
  talking about yesterday, right? And sorry guys, we had a
• 1:37
  technical difficulty with the first stream.
• 1:39
  I don't know what happened, but our streaming software has been.
• 1:41
  It literally kicked us off. We've been having issues the
• 1:43
  last we. Literally misbehaving the last
• 1:45
  couple days. So the first version of this
• 1:48
  show, it literally just ended abruptly while the numbers were
• 1:52
  climbing. So if you guys are enjoying the
• 1:53
  show so far, make sure to smash that like button.
• 1:56
  But the CIO of bitwise is talking about something that we
• 1:59
  were talking about on yesterday's show, right?
• 2:01
  Which is again, this is a totally different market.
• 2:04
  This is not a retail driven market anymore.
• 2:07
  This is an institutional driven market.
• 2:09
  And this is actually something I was talking about yesterday in
• 2:12
  the beginning of the show. I was basically making the case
• 2:14
  that, look, I talked to someone who has corporate experience and
• 2:18
  Fortune 500 companies worked there in the 90s and the 2000s.
• 2:22
  He said, listen, Nico, I, I'm looking at this from an
• 2:24
  outsider's perspective, from a macro perspective.
• 2:27
  I'm not a bitcoiner. I don't subscribe to the four
• 2:30
  year cycle, but I could tell you what it looks like from the
• 2:34
  outside looking in, right? He says like the the game has
• 2:38
  changed now that BlackRock is involved.
• 2:40
  BlackRock is now a buyer of last resort.
• 2:43
  President Trump's family is involved.
• 2:45
  President Trump owns the large, the 6th largest Bitcoin treasury
• 2:49
  company in the game, right? And what I think has been
• 2:52
  happening over the last year or so is Wall Street is trying to
• 2:57
  shake you out of your bags with boredom and with fear.
• 3:01
  So when you see the talk of the tariffs and the markets drop
• 3:04
  down like 25 to 30 to 40%, you don't think that people that are
• 3:09
  in the know aren't don't know that that's that announcement is
• 3:12
  about to be made and the fortunes that can be made with
• 3:15
  that type of information. You don't know that that you
• 3:18
  don't think that that's being talked about.
• 3:20
  You don't think that that's being said or done like this is
• 3:23
  what Wall Street does. Wall Street has been doing this
• 3:25
  for so long. They're extremely sophisticated
• 3:28
  investors. And that has not been the case.
• 3:32
  Wall Street has not was not involved in Bitcoin before the
• 3:35
  approval of the ETF, before Michael Sayler's involvement
• 3:38
  with strategy. And Wall Street was, by and
• 3:41
  large, ignoring strategy really until 2024, right until, you
• 3:46
  know, his company literally went parabolic before that, Like,
• 3:49
  Wall Street pretended like it didn't exist.
• 3:51
  Like Michael Sayler's strategy went sideways for like 20 years.
• 3:55
  And then 2020, when he made the first major announcement, he
• 3:58
  benefited from the first bull market.
• 4:00
  Then we went into a bear market. Then strategy went down with the
• 4:03
  Bitcoin price. Sailor paid his price to
• 4:06
  tuition. And then it's really this bull
• 4:09
  market. That strategy has proved that
• 4:12
  the Bitcoin treasury strategy is even viable.
• 4:15
  And then you started to see a bunch of copycats.
• 4:17
  And then you had the launch of the ETF in January of 2024.
• 4:21
  So if you put all of these things together, right, it shows
• 4:26
  you that the game has changed. This was like the first halving
• 4:28
  that we made an all time high before the halving even
• 4:31
  happened. And that was due to the ETF,
• 4:34
  right? So this is a completely
• 4:36
  different ball game. And I think this is the thing
• 4:38
  that Bitcoiners are finally digesting this cycle and coming
• 4:42
  to terms with the fact that it is a totally different ball
• 4:45
  game, right? And I think This is why 2025 has
• 4:48
  caught so many people by surprise is because we were all
• 4:52
  expecting Bitcoin to perform like it's performs every other
• 4:56
  cycle. And you know, you could say it,
• 4:58
  Nico, you're coping or Nico, you're saying this time is
• 5:01
  different. Fine, I am saying that.
• 5:04
  But this was the last October, the last October they just went
• 5:07
  through. This was the first October, the
• 5:10
  year after the halving that we didn't go up.
• 5:13
  We had a red October. That never happens.
• 5:17
  So we're already in uncharted territory now.
• 5:21
  Not only, you know, not only is Michael Saylor talking about
• 5:26
  2026, not only are the institutional investors talking
• 5:30
  about 2026, not only, you know, is British Huddle talking about
• 5:34
  2026. We read you a piece that was
• 5:38
  called the IPO of Bitcoin. Again, this concept that 2026
• 5:45
  will continue, right? It, it, it, it's, it's not
• 5:52
  unpopular anymore. It's starting to catch up.
• 5:55
  It's starting to catch on. And I think that as more time
• 5:59
  goes by and Bitcoin continues to behave differently, I think
• 6:06
  there will be more. It's going to catch so many
• 6:09
  people by surprise that if this time next year, in March of next
• 6:15
  year, we're not in a bear market, we're actually either
• 6:19
  either staying the same or actually going up.
• 6:23
  You know that's a market, right? Like the fact that everyone
• 6:28
  predicted that 2025 was going to be a bull year, the fact that
• 6:31
  everyone predicted that Q4 was going to be bullish, the fact
• 6:34
  that everyone predicted that October was going to be bullish.
• 6:37
  Like that's not how markets work.
• 6:39
  Markets do the exact opposite of what everyone thinks and this
• 6:42
  market is no different. So like digest that idea for a
• 6:46
  little bit, like could you imagine 2026, March of next year
• 6:50
  and we're still going up or we're still going sideways.
• 6:53
  Everyone is going to have no idea what's going on, but the
• 6:56
  institutions know what's going on.
• 6:58
  The institutions know there's only 21 million Bitcoin, there's
• 7:03
  not enough supply to buy if we wanted to.
• 7:07
  And eventually the math maths, it's Infinity divided by 21
• 7:12
  million. Eventually there's a eventually
• 7:14
  the O GS get exhausted. The there's not the O GS don't
• 7:17
  have more Bitcoin to sell. And then the price runs up.
• 7:22
  And I think that's what a lot of people are completely unprepared
• 7:25
  for. They're unprepared for a bullish
• 7:28
  2026. Now, I'm not saying that's 100%
• 7:31
  going to happen, but I'm saying, but I'm saying that, you know,
• 7:35
  usually at the tops, a euphoria of a bull market.
• 7:39
  The last thing that happens is everyone thinks that we're
• 7:43
  heading into a bear market. Think about the sentiment on
• 7:47
  Bitcoin Twitter right now. Does that feel like euphoria to
• 7:51
  you? Does that feel like, Oh my God,
• 7:54
  we're all going to make it? Even when we hit 126 K, did that
• 7:59
  feel like euphoria? We we were all still kind of in
• 8:02
  this disbelief. We were like, yeah, it's all
• 8:05
  time high. But like, I kind of don't
• 8:07
  believe it because we've seen this before.
• 8:08
  We've seen these fake outs before, right?
• 8:11
  That's not the way it works, right?
• 8:14
  So of course I could be wrong here.
• 8:16
  I could just be seeing things and connecting the dots that
• 8:18
  just are not there. But again, this is my personal
• 8:21
  opinion. And here's Michael Saylor
• 8:23
  talking about what he sees is going to happen in the next 4
• 8:27
  years where the large institutional banks start to get
• 8:32
  into the game. Now it makes sense why Jamie
• 8:35
  Dimon changed his tune not too many days ago, right?
• 8:39
  We played you guys a video. Jamie Dimon was notorious for
• 8:43
  talking I'll about Bitcoin like he was notorious for it.
• 8:47
  Like every every press event that he did, you know, they
• 8:51
  would like the journalist would always egg him on and like throw
• 8:54
  him a Bitcoin question. He's like, stop asking me about
• 8:56
  Bitcoin. This last event that he did, it
• 8:59
  was like a round table. He actually talked positively
• 9:02
  about, you know, not Bitcoin specifically, but about crypto
• 9:05
  in general. He says it's not going anywhere.
• 9:07
  Do you think that's a coincidence?
• 9:08
  Do you think all of a sudden he's part of a charity?
• 9:11
  Do you think all of a sudden he's found Satoshi and he's
• 9:13
  like, oh, I see the light. You know, this money's broken
• 9:16
  and Bitcoin's going to fix things, and it actually gives
• 9:19
  the opportunity to the young to make it.
• 9:21
  No, of course not. He sees an opportunity to make a
• 9:24
  profit. And that didn't come.
• 9:27
  That didn't come. And that announcement, that
• 9:31
  change in tune didn't come too much, long too much after the
• 9:35
  fact where he basically conceded and he said, you know what,
• 9:39
  we're going to allow our customers to buy Bitcoin, right?
• 9:43
  I don't like it, but we're going to allow our customers to buy
• 9:45
  Bitcoin. Why is he saying that?
• 9:47
  Because he probably had a lot of customer demand and then all of
• 9:51
  a sudden when he sees the customer demand and he sees the
• 9:53
  money that he's making for it, He's the same reason that Larry
• 9:56
  Fink changed his mind. Do you think Larry Fink changed
• 9:59
  his mind from calling Bitcoin an index of money laundering to
• 10:02
  hey, you know what, like preaching Satoshi's gospel to
• 10:06
  the world and saying, hey, you know what?
• 10:07
  Bitcoin is a non sovereign alternative to Fiat money.
• 10:11
  You think Larry Fink is just doing that for, you know, shits
• 10:13
  and giggles? No, Larry Fink is doing it
• 10:16
  because the Bitcoin ETF is the most profitable successful ETF
• 10:20
  launch in human in history. That's why he's doing it.
• 10:23
  He's doing it because he's looking out for his bags, right?
• 10:26
  And this is the beauty of bitcoins alignment, alignment of
• 10:28
  incentives. Now Sailor has another
• 10:30
  prediction. Now, Sailors been pretty on
• 10:32
  point with his predictions, his price predictions, we'll put
• 10:36
  that aside. But his predictions about
• 10:38
  Bitcoin in general, what was going to happen, the regulatory
• 10:42
  environment, you know, all these things, Sailors been pretty on
• 10:45
  point. So in his latest prediction for
• 10:47
  one of his latest interviews, he's talking about the
• 10:50
  involvement of the big banks in the United States and how
• 10:53
  they're going to get involved in the Bitcoin industry, offering
• 10:57
  Bitcoin custody and actually buying Bitcoin themselves.
• 11:00
  So let's check out the clip and of course me and Opti shall talk
• 11:04
  about it like always. You guys know the deal here on
• 11:06
  Simply Bitcoin, so let's let's line it up.
• 11:08
  We'll play it and then we'll talk about it.
• 11:11
  You can imagine that the banks were afraid to get involved with
• 11:13
  crypto under the previous administration.
• 11:16
  You know, getting a supportive White House, a supportive
• 11:19
  cabinet, a supportive head of the Treasury, and then a law
• 11:23
  that says that it is legal for you to do this, I think was
• 11:26
  pretty important. Then that has resulted in an
• 11:31
  avalanche of institutional adoption.
• 11:34
  And now you have companies like JP Morgan, right, and Bank of
• 11:39
  America and Wells Fargo and B&Y Mellon and PNC Bank and City
• 11:45
  that are all announcing their support for this asset class.
• 11:50
  And if the trillion dollar banks are willing to custody and
• 11:53
  they're willing to extend credit and they're willing to handle
• 11:56
  the asset class and they're willing to bank the crypto
• 11:58
  industry, that's really the necessary condition to 10X from
• 12:03
  here. Like Bitcoin got to 100,000
• 12:06
  without their help, but getting to 1,000,000 requires the banks
• 12:10
  to to bank the asset. And so the next four year period
• 12:14
  is really about banking Bitcoin and, and the support for digital
• 12:18
  assets in general by the major establishment of bankers in the
• 12:22
  United States and everybody else in the world, right?
• 12:26
  You can imagine the bankers in Australia, Canada, Singapore,
• 12:29
  the Middle East and Europe, Mexico, Southern, they all
• 12:34
  follow the US banking standard. And So what you have is an
• 12:38
  avalanche or a sea change here and the tail, the headwinds have
• 12:42
  become tailwinds. OK, so that's what got us here.
• 12:45
  Let's just talk about the short term 2025 year end.
• 12:48
  Where does it end up because I've heard everything from 100
• 12:51
  to 200,000. Yeah.
• 12:52
  Well, the consensus of all the equity analysts and there's like
• 12:55
  a dozen of them that cover our stock is north of one 5100 and
• 12:59
  50,000. Our our corporate guidance is
• 13:03
  targeted at $150,000 by the end of the year.
• 13:07
  Right. So there you have it.
• 13:09
  You have Michael Saylor again dropping 150K.
• 13:12
  That's what he thinks is going to happen towards the end of the
• 13:15
  year. I don't know if we have enough
• 13:16
  time to do that. Like we have less than two
• 13:18
  months. To be honest with you.
• 13:19
  I think that's an overly bullish target.
• 13:21
  I mean, could you imagine us telling ourselves that in the
• 13:24
  beginning of the year? Like I think we would have been
• 13:26
  a little bit depressed. Thank God we don't know the
• 13:28
  future, but that's not to say that I think 2026 is lining up
• 13:34
  to be an incredible year. And I will say this, right,
• 13:38
  Michael Saylor dropped a lot of of alpha in in that
• 13:42
  conversation, right? He's saying about look like the
• 13:44
  regulatory environment has completely changed.
• 13:47
  These banks now know that if they get involved in the
• 13:51
  industry, they're not going to be attacked.
• 13:53
  From a regulatory perspective, the Genius Act, the Stable Coin
• 13:56
  Act passed not too long ago and the Clarity Act is on the verge
• 14:00
  of being passed in the not too distant future, right?
• 14:04
  So banks have clarity, right? It's it's literally the name in
• 14:07
  the act, right? And they feel like they're like,
• 14:10
  OK, we're not going to get attacked.
• 14:11
  From a regulatory perspective, if we start getting involved in
• 14:14
  the industry, we start offering custody for the industry.
• 14:18
  And what sailors saying is that that's actually a necessity for
• 14:22
  Bitcoin to go from $100,000 to the next price, which is
• 14:26
  $1,000,000, which, you know, I think that's what all Bitcoiners
• 14:31
  are anticipating, expecting. I hate to use those words, man,
• 14:34
  because 2025 was the year of Bitcoin taking your expectations
• 14:40
  and just grinding them into very small particles of Satoshi's,
• 14:45
  right? And saying I got different
• 14:47
  plans. But that's how markets work.
• 14:49
  Like if the mainstream is telling you something's going to
• 14:53
  happen with Bitcoin, from all my years in Bitcoin, what I've
• 14:56
  noticed is that Bitcoin does the exact opposite.
• 15:00
  And I think this time is no different.
• 15:02
  What I'm paying attention to, what I'm noticing is right now
• 15:07
  the consensus is 2026 is going to be a bear market.
• 15:11
  The non consensus is 2026 could actually just keep going and it
• 15:17
  it could be this weird thing where you don't have this crazy
• 15:21
  parabola, you don't have this like crazy, you know, 50-60
• 15:27
  seventy, 80% market drop. It could be this like slow
• 15:32
  consolidated stairway to heaven, like that's that could be what
• 15:36
  you're witnessing, right? So it could be that Bitcoin
• 15:38
  pumps drops 1020%, consolidated a little bit, drops maybe 30%,
• 15:46
  chop solid 8 for six months and then it pumps up from there.
• 15:49
  I think that could be the market.
• 15:51
  I think things have changed since the institutions are here.
• 15:54
  And you know who got it right? The moment he came on the show
• 15:57
  and I think we were still in the Nile.
• 15:59
  Mauricio called it when Mauricio Co founder.
• 16:03
  And that was like 6 months ago. Co founder of lead and when he
• 16:06
  came on the show he said look Nico, I think I think things
• 16:10
  have changed and I'm like, what do you mean things have changed?
• 16:12
  He's like, look like, I think what you're going to see now,
• 16:14
  since the institutions are involved is this staircase, you
• 16:19
  know, up to the moon. You're not going to see this
• 16:22
  crazy retail driven parabola. And if I were to ask you guys,
• 16:26
  where is retail? Retail doesn't even know Bitcoin
• 16:28
  exists right now. Like if you look at the Google
• 16:31
  Trends, like when was the last time you got into a cab or an
• 16:36
  Uber and you heard the Uber driver talk about Bitcoin?
• 16:40
  That hasn't happened to me since like 2017, bro.
• 16:43
  Right? Hasn't happened to me.
• 16:45
  So retail doesn't believe Bitcoin exists.
• 16:50
  Retail got absolutely wrecked with the mean coin mania at the
• 16:53
  end of last year. And now you have institutions
• 17:00
  that are slowly, methodically and strategically gobbling up
• 17:05
  all the supply that's being sold to them by the OG bitcoiners
• 17:11
  that bought Bitcoin for under $100.
• 17:14
  And I think that's where we're at right now.
• 17:16
  But if I were to describe that whole situation to you, right,
• 17:20
  what I just described to you what what was the essence of
• 17:22
  2025, right? The end of the year could be
• 17:24
  different, but what was the essence of 2025?
• 17:27
  If I were to describe that to you, you would say this is this
• 17:32
  is different. Like we're in uncharted
• 17:34
  territory. Like Bitcoin is behaving
• 17:36
  differently. It's not the same as it was
• 17:39
  before. And I think this is what a lot
• 17:41
  of us are coming to terms too. Like if you're, you know, a
• 17:45
  retail individual participant taking buying Bitcoin and
• 17:48
  putting into self custody, you're looking at it and you're
• 17:50
  like, you know, what happened to this thing?
• 17:52
  This used to be fun. Like we can't even be gold, bro.
• 17:56
  Like Peter Schiff took us out to lunch this year.
• 17:59
  Like what's going on right? So I think the good times are
• 18:03
  coming, but I think the institutions need to get their
• 18:06
  bags packed first before the plane takes off.
• 18:10
  So anyways, I do want to say hi to everybody smash the like
• 18:14
  button if you guys are enjoying the show.
• 18:15
  If you're watching us on YouTube, Brahma, we just broke
• 18:17
  500 live viewers surprisingly on YouTube because the first stream
• 18:21
  just got. I don't know what happened over
• 18:23
  here with our streaming software, but we had to start
• 18:26
  the stream up over again. So we're back and you know the
• 18:31
  streaming, you know we're able to make it to 500 live viewers
• 18:34
  on YouTube, which is always a good sign.
• 18:36
  Shout out to the Rumble audience as well.
• 18:39
  I love you guys, appreciate it and of course, shout out to the
• 18:42
  X audience as well. If you guys are enjoying the
• 18:44
  show on any of those platforms, including the podcasting
• 18:48
  platforms, make sure to smash that like button.
• 18:51
  Give us a follow. Really, really helps with the
• 18:54
  algos and unfortunately, we're not able to stream to Nostra
• 18:56
  today. We tried the first time, but
• 18:58
  then I don't know what happened, so I'm going to pass it on to
• 19:01
  you my friend. 2 great clips, first from Matt Hogan, CIO of
• 19:06
  Bitwise and then Michael Saylor. And I don't know if you saw the
• 19:12
  the lower third of that Michael Saylor clip, but the lower third
• 19:17
  literally said banking Bitcoin, right?
• 19:20
  Banking Bitcoin? What taste does that leave in
• 19:23
  your mouth bro? Like pennies, like a a bunch of
• 19:27
  dirty pennies in my mouth to to say the least.
• 19:30
  But I, I really want to talk about the Matt Hogan clip
• 19:33
  because one, I think this is the general sentiment that we're all
• 19:39
  feeling right now. Well, actually rewind a little
• 19:42
  bit from everyone that I've been talking to and I was telling you
• 19:45
  guys this yesterday. Even the most bullish people
• 19:48
  that I know right now are feeling as if the bull run is
• 19:52
  over. As I told you yesterday, you
• 19:54
  know, even Luke was feeling bearish yesterday.
• 19:57
  And I was actually feeling kind of bullish because as as I made
• 20:01
  the case. I think the 50 week moving
• 20:03
  average is what's holding up the price and as I was I was talking
• 20:06
  about this on the show yesterday, it was below the 50
• 20:09
  week moving average. But if you look back at what
• 20:11
  happened yesterday and the close of it all, the 50 week moving
• 20:14
  average held it up perfectly. And why am I bringing this up
• 20:17
  again? It's because it sounds exactly
• 20:21
  what Matt Hogan said, but in a different kind of respect.
• 20:24
  The main take away that we've been talking about and kind of
• 20:27
  relaying to you guys and maybe wrapping our heads around for
• 20:30
  the last couple of weeks is retail was nowhere to be found
• 20:33
  in 2025. Obviously retail chases the
• 20:35
  price pumps, they're nowhere to be found.
• 20:37
  And you could say that's a few different things.
• 20:39
  One, Bitcoin hasn't really done anything.
• 20:41
  And two, I think retail really just has no money right now.
• 20:44
  I mean it, if we're going to use some examples of where just Main
• 20:50
  Street is right now, I think looking at to or looking to what
• 20:53
  New York just did last night is probably a good example of where
• 20:57
  kind of the mainstream consciousness is from someone
• 21:00
  that's not in Bitcoin really not traditionally financially savvy.
• 21:04
  You know, just look at their new mayor and it kind of explains a
• 21:06
  lot of things. Fiat money, most people are
• 21:09
  broke right now and they have no excess, excess.
• 21:12
  Well, so that they're they're basically looking for handouts
• 21:15
  at this point and so one Bitcoin hasn't done anything We all know
• 21:19
  retail chases bitcoin's price 2 they don't even have any money
• 21:23
  to invest in Bitcoin and I think that's like the biggest thing
• 21:26
  I'll. I'll add to what you're saying,
• 21:28
  dude, I, I think the result in New York last night, you know,
• 21:32
  and of course we're talking about Mandami reached winning
• 21:37
  the election. I think the significance of that
• 21:39
  is that he was running on a purely socialist platform.
• 21:44
  Like he openly calls himself a socialist now.
• 21:47
  You know, there's 100 years of and you guys know we're free
• 21:49
  market maximalist here at simply Bitcoin.
• 21:52
  We don't really, you know, throw our hat in the ring politically
• 21:55
  unless, you know, certain political candidates back up pro
• 21:59
  Bitcoin policy. Not a big fan of what happened
• 22:02
  to the samurai wallet developers.
• 22:03
  So, but again, beggars can't be choosers and politics is messy.
• 22:08
  But I think one of the reasons as to why Mandami won in New
• 22:13
  York yesterday and people, you know, forget the lessons of the
• 22:16
  past and think, hey, you know, let's try this socialism thing
• 22:20
  is I think he tapped into something specifically in the
• 22:23
  youth and I think he's absolutely correct.
• 22:26
  And the, the affordability crisis and the inequality that
• 22:30
  the that the United States is going through right now, most of
• 22:33
  the West, like the fact is that if you're a Gen.
• 22:36
  ZR or if you're a millennial, you can't afford anything.
• 22:40
  And I think Mandami tapped into that.
• 22:42
  And I think that's why he won the way he won.
• 22:45
  Now I think the solution that he has proposed has been tried and
• 22:50
  tested for over. 100. And for over 100 years and
• 22:55
  different continents and different countries and it just
• 22:58
  doesn't work. That's not a good solution in my
• 23:00
  opinion. But why did he get elected?
• 23:04
  That's something to pay attention to.
• 23:06
  And if you're going to these out, like, I'll put it to you
• 23:11
  bluntly guys, socialism is going to continue to look like a good
• 23:17
  idea as long as the Fiat money printer exists.
• 23:22
  As long as there's a central bank, the very idea of socialism
• 23:26
  seems viable because money comes out of thin air, right?
• 23:31
  As long as the money is broken, people are going to continue to
• 23:35
  vote for solutions like Mandami. And I don't blame them because
• 23:40
  they inherently know that the system is rigged, that the
• 23:44
  system is broken, that they that it's crazy that they cannot
• 23:49
  afford anything. Like they 100% are correct about
• 23:53
  that. Where I think we differentiate,
• 23:55
  we, we, we differ in terms of our solutions because we've
• 24:00
  tried Mandami's model for a long time.
• 24:03
  We've tried it over and over again, always leads to the same
• 24:06
  results. Like, you know, government run
• 24:08
  grocery stores, there's no price signals there, right?
• 24:11
  Like we know what the outcome is like, right?
• 24:15
  But again, do you blame people? Do you blame people?
• 24:18
  They can't afford rent? And he's going out there and
• 24:20
  saying, hey, I'm going to freeze the rent.
• 24:23
  Of course, like as a young person who can't afford
• 24:25
  anything, you're going to be like, that sounds like a
• 24:27
  fantastic idea. Let's effing go.
• 24:31
  And Mandami could promise all of those things because, again,
• 24:35
  even if they don't collect enough money through tax
• 24:37
  revenue, they can just print the difference, right?
• 24:41
  So of course, he's just going to promise everything, right?
• 24:44
  And then it gives the illusion that it's free, but it's not
• 24:47
  free. You're paying through it through
• 24:49
  currency debasement, which is a form of taxation, right.
• 24:52
  So anyways, but it it was pretty crazy.
• 24:55
  Yeah, Yeah. And I mean, but not surprising.
• 24:57
  It wasn't surprising at all. I mean, I, I wasn't even going
• 24:59
  to go that deep into it. I was just going to say that it,
• 25:02
  I think it very clearly explains what the kind of mainstream
• 25:07
  normie perspective is right now is like one, we're obviously
• 25:10
  super broke and have no money. And of course we differ on what
• 25:14
  the solutions to these problems are, but I think it does sum up
• 25:17
  where the majority of people are.
• 25:18
  Now, of course, New York isn't the entire United States or the
• 25:22
  the entire West, but again, they are the, you know, financial
• 25:27
  capital of the world. They are kind of culturally
• 25:30
  relevant. And if they're feeling this, of
• 25:32
  course they they do lean more blue.
• 25:35
  I think more people are feeling this.
• 25:36
  Anyways, the reason I was bringing that up is because what
• 25:39
  we are seeing and connecting this back to Matt Hogan, what he
• 25:41
  said, I think is the driving factor.
• 25:44
  Retail is no longer in control for whatever reason you want to
• 25:48
  pick on. It's the institutions that are
• 25:50
  here. And if the institutions are
• 25:52
  here, I've been kind of trolling for the last couple of weeks
• 25:55
  that look, you, you think the institutions are here and they
• 25:57
  don't want the games. Like I think they want the
• 25:59
  games, but before they get to the games, they want to pack
• 26:02
  their bags and get a good position.
• 26:03
  And I think this is what's going on, Hence why I was telling Nico
• 26:06
  to kind of explain this Wall Street analogy that we were
• 26:10
  talking about before the show or sorry, beginning of the show and
• 26:12
  then on yesterday's show, because I think this is what's
• 26:15
  going on and everyone is feeling it.
• 26:17
  Even the most hardcore people in our chat that were trolling me a
• 26:21
  couple of weeks ago are like Opti you, you were right.
• 26:24
  Like I this stable coin all year long going sideways has been
• 26:28
  pretty brutal, even though all of us view it the same way like
• 26:32
  we are going to acquire Bitcoin no matter the price.
• 26:34
  But I think we did have a lot of expectations about what was
• 26:37
  going to happen this year and none of that came through or at
• 26:40
  least so far none of it has come true.
• 26:42
  No one has no idea what's going on and we're like, can we get
• 26:46
  just some pump in Q4? Which is, which is how markets
• 26:48
  work, right? Like I think this is like, you
• 26:51
  know, this is how markets work. Like markets aren't supposed to,
• 26:56
  you know, not every, the majority of people are not meant
• 26:59
  to be correct. They're not meant to be right,
• 27:02
  Right. Like think about every like if
• 27:04
  you guys have been in Bitcoin for a little bit, like think
• 27:06
  about every previous cycle for a second, right?
• 27:10
  Like if you think about 2021 and you think about 2017, in 2017 at
• 27:17
  20 K, we thought this thing was going to go to 100K back then,
• 27:22
  right? Like people were piling in at
• 27:24
  $20,000. Looking back the year after, we
• 27:28
  were like, dude, like why the why the heft did we do that?
• 27:31
  Like it was so obvious. This thing was toppy. 2021, you
• 27:35
  had that similar kind of expectation.
• 27:37
  People thought Bitcoin was going to go way higher.
• 27:40
  So what happened? People piled in at 69 K.
• 27:45
  If you think about this cycle, I'm not getting those same
• 27:49
  vibes. Like I'm not hearing people
• 27:51
  saying, oh dude, you know, I'm piling in at a hundred 100,000
• 27:57
  'cause this thing's going to 500,000.
• 27:59
  Like people are like reducing their expectations.
• 28:03
  I I'm not going to name any names.
• 28:04
  But I'll stand up. Can we just beat inflation at
• 28:07
  this point? Can we beat the S&P 500I?
• 28:10
  Saw I'm not going to name any names cause a lot of these
• 28:11
  people are my friends, but I saw like a predominant analyst who's
• 28:14
  very well respected in the, in the community and he was like,
• 28:17
  I'm adjusting my, my price target to 130,000 by the end of
• 28:22
  the year, right? Like.
• 28:23
  I think he said 120 from 180 to 120.
• 28:26
  Is that the same 1 was? It was it I.
• 28:27
  Could. Yeah, I saw 180 from 180 to 120.
• 28:30
  I think I saw, yeah, I think it was one, it was something along
• 28:33
  the lines, but this is what I'm talking about.
• 28:36
  And and here's the thing, like the markets do the opposite of
• 28:41
  what the majority thinks, right? And what does the majority think
• 28:44
  right now? The majority thinks, if you look
• 28:47
  at your favorite influencers, whatever the majority thinks
• 28:50
  we're heading into a bear market in 2026.
• 28:54
  And we could be, we could be. But again, I think that would be
• 28:58
  unprecedented because I I would say that this entire year was a
• 29:02
  bear market. Well, well, we're still, we're
• 29:05
  still green on the year, dude. When Trump?
• 29:08
  When Trump. OK, fine.
• 29:09
  Trump's presidency has been a bear market.
• 29:13
  Trump's presidency has been a bear market.
• 29:15
  That's a banger tweet. If anyone wants to steal a
• 29:18
  tweet, there you go. Trump's presidency so far has
• 29:23
  been a bear market. When he was inaugurated and he
• 29:26
  launched Trump Coin, Bitcoin price was at 109 K.
• 29:31
  It's at 104 K right now. Everything else I'm super happy
• 29:37
  that he kept his promise. Like I'm so team Trump with all
• 29:42
  the end of Operation Choke Point O freeing Ross Albrecht.
• 29:46
  I am 100% MAGA in that end, right?
• 29:51
  But when it. Comes to price action, bro, do I
• 29:56
  miss Joe Biden bring President Biden back?
• 30:03
  Because the price action during Biden was like, God damn, bro.
• 30:08
  We were flying like this rocket ship.
• 30:10
  We were like, we were taking off, bro.
• 30:14
  But so far in Trump's presidency, dude, it's not been
• 30:18
  too good. It's not been too good, man.
• 30:21
  It's not been too good. 109KA104K today and I'm eleven
• 30:26
  months older it's true I'm eleven much older so you're
• 30:32
  right for the year for the year you're for the for the year
• 30:36
  you're right you're right for the year you're like Nico, we're
• 30:39
  up for the year you OK fine I'll I'll give you that Optimus
• 30:43
  fields I'll give you that but for.
• 30:46
  Chat saying hot take Nico. But for Trump's presidency, I
• 30:51
  don't know, man. There's a little voice in the
• 30:54
  back of my head. I'm hearing Kamala Kaklin, and
• 30:58
  I'm thinking, I'm like, oh, man, why didn't I do that?
• 31:03
  Wait. Wait, you you know things are
• 31:05
  bad, Nico. Wait, Nico is is calling Trump
• 31:10
  bearish. That's how you know the price
• 31:12
  action's bad. No, someone.
• 31:14
  Someone in the chat saying Trump took us to 100K though, dude,
• 31:18
  Trump took office and the price was 109 K Inauguration day.
• 31:22
  All right, it's at 104 K today and I'm eleven and I'm eleven
• 31:27
  months older, right? So, you know, that's the only
• 31:32
  promise. That's the only promise.
• 31:34
  I, I that I, what I, I listen, I was, I was at the Bitcoin
• 31:39
  conference. I'll give you guys a little bit
• 31:40
  of inside baseball. I was at the Bitcoin conference
• 31:43
  at 2024 in Nashville and we were at the desk.
• 31:47
  We were at the news desk, you know, the one that that our
• 31:49
  friends over at Bitcoin mag host.
• 31:52
  And I remember vividly, like it was like, and this is like when
• 31:55
  the numbers were high and it was like they got like 1,000,000
• 31:58
  views off that off that video. And they're like, hey, Nico,
• 32:01
  like would you want to go on the desk?
• 32:03
  And I'm like, actually, no, I want to go see Trump talk,
• 32:07
  right? Like I like like I want to go
• 32:09
  see Trump talk in the audience 'cause I thought it was a
• 32:12
  historical moment and you know, I was clapping and I was like,
• 32:15
  this is fantastic. We survived operation choke .2
• 32:18
  point O. This is great whoop Dee Doo dah,
• 32:22
  you know, but he did promise was we were going to go to the moon.
• 32:26
  So he kept every other promise, but the most important promise.
• 32:32
  Bitcoin hasn't moved bro. Bitcoin hasn't moved.
• 32:35
  Nico, Yeah, I got a question for you.
• 32:38
  Yeah. Are you trusting the plan yet?
• 32:42
  I don't know man, I don't know dude.
• 32:45
  I don't know what to believe at this moment.
• 32:47
  I'm I'm having mixed feelings, bro.
• 32:50
  I'm having mixed feelings like when I see the price starting to
• 32:54
  come alive and we get all excited like this last time
• 32:58
  where we went to 126 K right, The price was coming alive right
• 33:02
  Opti? We were like, yo bet.
• 33:05
  You know what you say, Bet. Like that?
• 33:08
  Big bet. We're going higher.
• 33:10
  This is fantastic. This is great.
• 33:13
  Trump goes on Truth Social and he's like 100% tariffs against
• 33:16
  China. Boom, massive crash.
• 33:21
  Like at least Biden couldn't even twist.
• 33:27
  Wait, wait, wait, Nico, are you having fun playing with your
• 33:30
  bitcoins yet? At least Biden couldn't even
• 33:35
  tweet bro like, you know, oh. Man, well, you know one thing's
• 33:45
  changed in 11 months. What?
• 33:47
  That you can make that joke right now.
• 33:50
  What do you mean? I'm, I'm not going to rehash it
• 33:52
  'cause that was a, that was a wild joke.
• 33:55
  That was a wild. Anyways, let's dude, if you
• 33:58
  didn't catch it, then we're good to go.
• 34:00
  If you didn't catch it, then we're good to go.
• 34:01
  But Sophie caught it. Sophie caught it and anyways, we
• 34:07
  are 11 months older price of 5K down.
• 34:12
  I am actually a little more. That was actually that was a
• 34:15
  great, great, great Nico Jones rant fundament.
• 34:23
  Wait, get me off screen. Oh man, Nico's a Nico's missing
• 34:35
  Kamala, apparently. I'm just, I'm hearing, I'm
• 34:38
  hearing her, her, her cackling in the back, bro, I'm hearing
• 34:41
  her cackling. Yeah, I I should load it up to
• 34:45
  the sound. Anyway, Nico, let's keep it
• 34:47
  going. We've been going kind of long.
• 34:49
  People are loving it. They're like, this is a comedy
• 34:51
  skit. It is a comedy skit anyways.
• 34:53
  Of course we love the Trump administration.
• 34:55
  I think what they've done for Bitcoin has been fantastic.
• 34:57
  And of course, just the Republican Party has had a more
• 35:00
  pro Bitcoin, you know, policy. Of course the price has been
• 35:04
  disappointing and you know, that's that I'm looking at it
• 35:08
  like that. But of course, I'm just speaking
• 35:10
  my mind. This is why you guys tune into
• 35:12
  the show, right? To get entertained.
• 35:13
  Are you not entertained? I wish I had the gladiator meme
• 35:17
  playing right now. But anyways, let's see as we
• 35:20
  head into the midterms next year, you know, 2026 is a
• 35:23
  midterm year. It's very important guys that
• 35:26
  you support pro Bitcoin candidates, anti CBDC
• 35:30
  candidates, regardless of political party.
• 35:33
  Now, as things stand, you know, it's it's it's a little bit
• 35:36
  partisan right now, but you know it Hopefully that things those
• 35:40
  things change into the future. Anyways, guys, before we move on
• 35:44
  to the rest of the show, I do want to give a very special
• 35:48
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  All right, everybody, no more to lay.
• 36:54
  Let's jump straight into the show.
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  We have tons to talk about today.
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  We're going to be right back in just a bit.
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• 38:18
  All right everybody, we are back.
• 38:21
  At the time of recording, the Bitcoin price is $104,060.
• 38:25
  Block height 922,353 market cap 2.08 trillion Bitcoin versus
• 38:33
  gold market cap 7.73%. We just broke 104 K Fantastic
• 38:40
  decline from all time high -17.5%.
• 38:45
  In the grand scheme of things, it's not too bad.
• 38:48
  It's a 20% dip. Feels like the Sky's falling.
• 38:52
  Dude, it's a dip for ants. Come.
• 38:54
  On it's a dip for ants Anyways, so before I went into full
• 38:59
  Kamala mode in the beginning of the show, jokingly cause 2025
• 39:04
  has been a sideways here. You know, I do want to give a
• 39:08
  shout out again to, you know, I, I think that this year from a
• 39:13
  regulatory perspective and it has been bipartisan.
• 39:17
  I do have to give credit where credit is due.
• 39:19
  The genius act and the the clarity Act, of course, majority
• 39:25
  were supported by Republicans, but there were Democrats that,
• 39:29
  you know, supported both those bills.
• 39:30
  So both those bills actually have bipartisan support, which I
• 39:34
  think is extremely important, right.
• 39:36
  So I have to give credit where credit is due.
• 39:38
  But anyways, I do want to give a shout out to the Bitcoin
• 39:41
  senator, Senator, Senator Cynthia Lummis of Wyoming, and I
• 39:47
  want to play you guys this clip that she did recently.
• 39:52
  There's been some discussion about converting some of the US
• 39:55
  government's gold holdings into Bitcoin.
• 39:57
  Have you seen it? Any traction on that?
• 40:00
  I have not. I think the administration is
• 40:04
  looking at ideas other than using our our gold certificates,
• 40:10
  marking them to market, and then converting them to Bitcoin.
• 40:14
  There are other ways to have a strategic Bitcoin reserve other
• 40:19
  than converting our gold certificates.
• 40:21
  And so Secretary Besant, Treasury Secretary, is looking
• 40:25
  at those matters as well as the folks at the White House.
• 40:29
  I'm glad they're embracing the notion of a Bitcoin strategic
• 40:34
  reserve. It's an asset that will grow
• 40:37
  over time and help offset the burgeoning growth in our
• 40:42
  national debt. So.
• 40:52
  Did you call me all that? 10 man.
• 40:56
  But no, I mean it's I'm making I'm I'm cracking jokes, guys.
• 41:01
  I'm cracking jokes. I'm cracking jokes because 2025
• 41:06
  has been, you know, at least if the price were going down, we
• 41:09
  would feel something, right? Dude, I felt something
• 41:12
  yesterday. You felt alive.
• 41:14
  I felt alive again, dude. I like volatility at least.
• 41:17
  At least it's not just sideways action.
• 41:20
  We felt something, remember, We wanted volatility.
• 41:23
  We weren't specific on which way it was going to go.
• 41:27
  Actually posted about that the other day.
• 41:28
  I said, dude, we got a, we got a 10K candle.
• 41:32
  It just went the wrong way. It just didn't go the way we
• 41:35
  wanted it to. We got a 10K candle.
• 41:37
  It just went the, IT just went the opposite direction, so.
• 41:41
  It's someone in the chat. Quit doing that.
• 41:45
  So no, I mean, look, Senator Lummus has been fantastic.
• 41:49
  I absolutely love her, support her office and what she's done.
• 41:53
  What she's done for the Bitcoin movement in the United States
• 41:55
  has been incredible. You know, she, she, she was, she
• 41:59
  joined the, the Senate Banking Committee, which I think was a
• 42:02
  huge, huge deal. I got to had the honor of being
• 42:06
  able to interview Senator Lummus in, in, in DC earlier this year.
• 42:11
  So, yeah, I mean, I think what she's doing is fantastic.
• 42:14
  But again, I think it was expectations.
• 42:16
  I think the keyword here is expectations, right?
• 42:21
  I think that 2025 was the year of humbling expectations right?
• 42:25
  Now, to be to be fair again, we did get so much positive
• 42:30
  executive executive orders coming out of the White House,
• 42:36
  out of the Trump administration, freeing Ross, which is
• 42:39
  fantastic, ending Operation Choke .2 point O.
• 42:42
  Finally, I actually have a clip from the White House press
• 42:45
  secretary. And so the president is
• 42:48
  correcting that wrong, and he has officially ended the Biden
• 42:51
  administration's war on the cryptocurrency industry.
• 42:54
  And I think that's the message he sent with this.
• 42:55
  Pardon, Karen. Yes, I'm back on.
• 42:58
  So again, you know, pardoning a lot of of executives from the
• 43:03
  industry from from CZ to Arthur Hayes.
• 43:07
  So again, I, I think, you know, I think, I think it, it's been
• 43:11
  extremely positive and much better to where we were last
• 43:15
  year, where we literally felt like our industry was under
• 43:18
  attack. Opti and I were seriously
• 43:20
  considering moving to El Salvador because things are
• 43:23
  getting dark. And I, I could even make an
• 43:26
  argument that their stance, and I'm not the first one to say
• 43:29
  this, I think their stance towards Bitcoin, I think might
• 43:34
  have cost him an election, to be honest with you.
• 43:36
  Because Trump was able to build a coalition, including some ex
• 43:41
  Democrats like Tulsi Gabbard and RFK Junior that I don't think he
• 43:44
  would have ever built, you know, in normal circumstances.
• 43:48
  So I think he was able to get some voters that normally
• 43:52
  wouldn't vote in that direction because, you know, the the
• 43:57
  hostile stance towards the industry that happened last
• 44:00
  year. Now, I think what is yet to be
• 44:04
  determined is whether, and I mean, we, we do see some
• 44:09
  positive development here right from, you know, from Democratic
• 44:14
  Party with these by part with the bipartisan support of these
• 44:18
  last two bills. So I, I think that that's
• 44:21
  definitely a step in the right direction.
• 44:23
  But again, one of the most trouble, one of the, one of the
• 44:25
  most worrying things for me was there was a bill that would
• 44:29
  specifically ban CBD CS and the bill was voted like it, it, it
• 44:35
  went, it went across party lines.
• 44:38
  So you had the majority of Republicans voting for the bill
• 44:42
  that would ban the federal government from launching ACBDC.
• 44:45
  And then you had the majority of Democrats voting for the bill,
• 44:49
  voting against the bill that would ban the federal government
• 44:52
  from launching ACBDC and a single issue voters here, it's
• 44:55
  simply Bitcoin. All jokes aside, right?
• 44:58
  You want to support politicians in your country that are pro
• 45:03
  Bitcoin, anti CBDC, because that is the future at hand.
• 45:06
  The future at hand is a a Bitcoin future or a central bank
• 45:10
  digital currency future. There is no in between.
• 45:13
  They're trying to get rid of cash and you have to decide on
• 45:16
  which side you stand, right? So I know that Fiat politics is,
• 45:20
  is, you know, it pushes away a lot of Bitcoiners.
• 45:23
  But during this transitionary period, I think one of the
• 45:27
  things that we've learned as a community, as a movement is
• 45:31
  that, hey, if we come together, we actually make a very, very
• 45:36
  powerful voting bloc. And that's how we were
• 45:39
  ultimately able to get Ross Ulbricht free.
• 45:42
  So Opti, I know we're running long.
• 45:43
  I'm, I'm ranting today for some reason.
• 45:47
  What are your thoughts on this? We could actually continue this
• 45:50
  conversation. We could do a a quick break
• 45:52
  we're gonna do. A quick wait, wait, wait.
• 45:53
  I, I, I don't, I'm, I don't have much to say on this, to be
• 45:55
  honest. I, I think if you look at the
• 45:58
  clip on itself on the surface, obviously extremely bearish
• 46:02
  considering that we were all told and SBR is coming and the
• 46:05
  fact that Senator Lummis is like, there's nothing's been
• 46:08
  going on, though. I think the more bullish take on
• 46:11
  this is they are looking at other ways to figure this out.
• 46:15
  Maybe they will eventually scrap the budget neutral kind of
• 46:19
  handcuffs there. And I, I have AI have a very
• 46:22
  easy way for them to do this. It's not going to be really
• 46:24
  beneficial for the American public, but I would love to see
• 46:28
  a capitulation where the Fed just prints money to buy
• 46:30
  Bitcoin. I mean, very easy solution here.
• 46:33
  You print money for other things.
• 46:34
  Let's let's let's just get it over ways.
• 46:36
  RIP the Band-Aid. I.
• 46:37
  Think that's what Michael Saylor said needed Like the first
• 46:40
  country that did that would win by default, right?
• 46:43
  He said. The first country.
• 46:44
  Are you tired of winning yet? I am tired of this winning.
• 46:47
  Yeah, for sure. I don't know what winning.
• 46:50
  I mean again, dude, it's so like, there's nuance to that
• 46:54
  question. That's an unfair question like.
• 46:57
  Are you winning, son? Like we are winning from a
• 47:00
  regulatory perspective from not being witch.
• 47:03
  Hunting. Somebody's giving me the eyes of
• 47:04
  it. From from my wife is just saying
• 47:07
  no. She's not she's she's tired.
• 47:10
  She's not. She's tired of not winning are.
• 47:13
  You are you team Kamala 20280 she.
• 47:16
  She wow, she said. Yes.
• 47:18
  Oh no, she's not. She's just kidding.
• 47:22
  She's just kidding. So it it's so crazy what it
• 47:26
  boils down to. It's like number go up.
• 47:29
  Hey, I vote for anyone to pump my bags.
• 47:32
  If we if we if we learned anything from the New York
• 47:35
  election, I will vote for anyone to pump my bags.
• 47:40
  Anyways, guys, we're going to be right back in just a bit.
• 47:41
  We're going to hit the new segment.
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  OK anyways, back to the show. So bro, I do want to talk about
• 51:08
  some things during the news segment today.
• 51:11
  This is why you guys have tuned in.
• 51:14
  So let's start off with this Eric Bakunas.
• 51:17
  Even with the pullback, Bitcoin is up 300% since BlackRock filed
• 51:22
  for an ETF 30 months ago. That's nearly 80% annualized.
• 51:27
  Relaxed, right? And of course, it's coming after
• 51:29
  the drop. Josh Mandel prophetic post.
• 51:34
  People think that all of this was a mistake, an error, not
• 51:38
  possibly planned market manipulation, right?
• 51:43
  And of course he's reposting Adam Livingston, who's saying
• 51:46
  the entire $2.5 trillion wipeout happened because two world
• 51:50
  leaders can't read. Trump misread export controls as
• 51:54
  export ban. She thought tariffs meant trade
• 51:57
  deal. Billions in liquidations.
• 51:59
  Lives ruined. And Josh Mandel said people
• 52:03
  think that all this was a mistake and error, not possibly
• 52:05
  planned market manipulation. Again, this is what I was saying
• 52:08
  in the beginning of the show. Pay attention, ladies and
• 52:11
  gentlemen. I get it.
• 52:12
  We're an entertainment show, but we do drop some signal while we
• 52:15
  entertain. He said, OK, so when it happens
• 52:19
  again in the first week of November, don't have a heart
• 52:24
  attack, please. That came out October 12th.
• 52:29
  Boy oh boy, did he have another call.
• 52:32
  He called it, did he not? I don't like this call as much.
• 52:36
  He called it. He called it and it and it goes
• 52:39
  back to what I was saying, man, like you don't think Trump and
• 52:45
  she some of the most the smartest powerful people in the
• 52:49
  world, misinterpreted some words and then the market slipped
• 52:58
  2030% and you're trying to tell me that Barron Trump wasn't on
• 53:05
  his platform of choice just they're like.
• 53:08
  Hyper liquid. He's the hyper liquid whale.
• 53:12
  Oh, Dad's about to tweet short. Are you telling me that's not
• 53:18
  happening? Like, you know, again, put on
• 53:23
  your big boy pants. I think that's exactly what's
• 53:25
  happening. I think they're wait, what was?
• 53:29
  I think they're trying to shake you out.
• 53:30
  I think they're trying to shake you out, in my opinion but
• 53:33
  anyways. No, without a doubt.
• 53:34
  But wait, Josh Mandel called the November 1st week of November
• 53:37
  drop. It's what it just said.
• 53:39
  In the middle of October. OK, OK, I missed that part.
• 53:43
  In the middle of October, he predicted the the drop because
• 53:47
  he said I wouldn't be surprised if the Trump administration said
• 53:50
  something again that would make the price to fall now.
• 53:54
  Not much of A prediction bro. He's wild with them tweets.
• 53:57
  With with all that being said, I'm I do want to end it with a a
• 54:02
  positive note because we weren't promised a Bitcoin age, but we
• 54:10
  were promised a golden age and gold has been having its age.
• 54:14
  Here's we really got to take. It along with Wall Street.
• 54:17
  Here's Treasury Secretary Scott Besson, who's an absolute Chad
• 54:23
  who wished Bitcoin happy birthday the other day, posted
• 54:28
  on his X handle and everything, and he's saying, look, you know,
• 54:33
  America's golden age is coming. Now, does that include Bitcoin
• 54:37
  or does that only include gold? I don't know, but I'll play you
• 54:40
  guys a clip and of course me and Opti shall talk about it.
• 54:45
  I think next year we're going to go back to what we had in
• 54:48
  President Trump's first term, which was very solid high, not
• 54:52
  inflationary growth. So we're going to see very
• 54:56
  strong job growth. And Jesse, I think we're going
• 54:59
  to have what I call parallel prosperity.
• 55:02
  Main Street can do well. Wall Street can do well.
• 55:05
  It's been a long time since Main Street's done well.
• 55:07
  And that's what happened in Trump. 1.0 hourly workers did
• 55:12
  better than supervisory workers. The bottom 50% of households had
• 55:16
  a net worth increase. It was higher than the top 10%.
• 55:20
  So we are going to see Main St. surge here along with Wall
• 55:23
  Street, which we've already seen.
• 55:25
  So I think it's going to be a great year next year.
• 55:28
  I think inflation's going to come down.
• 55:30
  You know, we're seeing gasoline prices come down.
• 55:34
  We're seeing we should see interest rates come down, which
• 55:37
  will help the housing market. Now I cut out the last part of
• 55:40
  that where he says and Bitcoin's gonna absolutely RIP.
• 55:45
  Yeah, I totally missed that part.
• 55:46
  I'm. Kidding.
• 55:47
  He didn't say that. But all those other things are
• 55:49
  extremely good. That's extremely good.
• 55:52
  And it actually confirms the theory about an extended bull
• 55:56
  market into 2026. And I wouldn't even call it an
• 56:00
  extended bull market 'cause if you call it an extended bull
• 56:03
  market, it makes it seem like an extended bull market is out of
• 56:07
  the abnormal. But I remember British Hodl
• 56:09
  talking about this. He's like Nico, we only have
• 56:11
  three data points to go out to go off of.
• 56:14
  Like we've only really had three cycles, man.
• 56:16
  Like. I've been saying.
• 56:17
  That too. You're you're you're really
• 56:18
  gonna go off three data points to say that these cycles are
• 56:21
  like, you know, a lay of the land, right.
• 56:25
  So I think that was a really good point as well.
• 56:27
  Now if Scott Besson is feeling very optimistic about the next
• 56:31
  year, specifically for Main St. and gold had a run, I wouldn't
• 56:38
  be I saw Larry Leopard not too long ago in in in Canada at the
• 56:43
  Canadian Bitcoin conference and he's like Nico, I'm feeling so
• 56:46
  bullish right now. I'm like Larry, like why do you
• 56:48
  think that He's like because the way that gold ripped was
• 56:52
  absolutely crazy. And if you take a look at the
• 56:58
  gold's to BTC chart, which I think is incredibly important to
• 57:04
  look at, take a look at this. So if you look at the gold to
• 57:10
  Bitcoin chart, Bitcoin really hasn't made an all time high in
• 57:17
  gold terms. Can you zoom in a little bit?
• 57:20
  Is it possible? Yeah, I just don't want to ruin
• 57:22
  it. That's what happened.
• 57:23
  Totally ruined it. I'll I'll zoom.
• 57:25
  There you go. I'll zoom in with my screen.
• 57:28
  So Bitcoin hasn't really made all time highs in gold terms,
• 57:33
  right? And gold terms, it's basically
• 57:37
  gone sideways since 2021, right? So this is what I'm looking at.
• 57:43
  This is really what I'm looking at, right?
• 57:45
  Like, unless we do this, Peter Schiff just going to make fun of
• 57:48
  us the entire time. So this is what I'm paying
• 57:52
  attention to. I think bitcoins going to do it
• 57:55
  sooner rather than later, but we'll see.
• 57:59
  We're going to have to wait and see.
• 58:01
  But Treasury Secretary feels good and also they have the
• 58:04
  pressure of the midterms. Like if the economy isn't doing
• 58:07
  good for for Main Street next year.
• 58:12
  The repubs after last night. I don't know if you saw the Poly
• 58:15
  market odds bro no. It didn't.
• 58:19
  It dropped 15% that the odds that the, the Repubs keep the
• 58:26
  House in 2026 after the, the, the election results last night,
• 58:31
  right? So I think that puts a lot of
• 58:33
  pressure on the Trump administration to really do good
• 58:37
  by Main Street so that Main Street feels motivated to get
• 58:42
  out to vote and, and, you know, let the Republicans keep the
• 58:46
  House, right? So, you know, I'm putting two
• 58:49
  and two together, right? I think like this, this crazy
• 58:52
  choppiness of these crazy 'cause if you, if you take a look at
• 58:56
  the last two crazy Bitcoin corrections, the one that
• 59:00
  happened over the summer and then this last one, they all
• 59:03
  happen because of Truth Social Post, right?
• 59:07
  So, and, and then Josh Mandel is like cryptically saying some
• 59:11
  things and he's prophetically, you know, pointing out some
• 59:13
  things, I mean. He got lucky twice.
• 59:18
  He just. Got lucky twice, right?
• 59:21
  No, but I mean, to your point, look, personally, when I hear
• 59:26
  Scott Beston talking, well, rather in that clip, 'cause I, I
• 59:30
  think they do project and Telegraph a lot of the moves
• 59:32
  that they're going to make. I think in that clip in
• 59:35
  particular, and, and maybe I'm wrong, it does seem like it
• 59:39
  sounded like a hope that's what they want to happen.
• 59:42
  Now, will the markets and the interest rates and liquidity
• 59:47
  respond in a way that they want to happen?
• 59:51
  I think is is really the big question as everyone's been kind
• 59:54
  of asking themselves this year, considering all the things we've
• 59:58
  seen. The the big question I think
• 1:00:01
  most people should be asking themselves are do they actually
• 1:00:03
  have the mechanisms to control the markets like they think they
• 1:00:06
  do? It does seem like they they are
• 1:00:09
  trying to rein in the beast. Now the real question is will it
• 1:00:14
  react in the way that they wanted to?
• 1:00:16
  Now, one of the things he did say that I found very
• 1:00:19
  interesting was when he correlated this to what happened
• 1:00:24
  in the last Trump administration, which is
• 1:00:27
  actually true that Main Street and Wall Street, you know, with
• 1:00:32
  your average person or if you were a wealthy person, like you
• 1:00:35
  were better off. And I have a very like
• 1:00:37
  particular conversation in mind where I was talking to my mom
• 1:00:41
  and she's not very politically savvy.
• 1:00:43
  She just kind of follows the narratives around Trump and she
• 1:00:46
  was kind of being very, very bearish on Trump.
• 1:00:49
  And I obviously, I, I wasn't like, yeah, we're pro Kamala
• 1:00:54
  here, but my mom kind of was obviously, or maybe not so
• 1:00:58
  obvious, but you probably know the reasons why.
• 1:00:59
  Anyways, we both agreed on one thing.
• 1:01:02
  And when my mom agreed to it, it made me think like, oh, OK, you
• 1:01:06
  know, she's not totally lost in the sauce and there is some
• 1:01:09
  reason that can get through to her.
• 1:01:10
  And, and it was exactly that point that, yes, the economy was
• 1:01:14
  better for everyone in the Trump administration before the Biden
• 1:01:17
  administration. So she conceded to that point.
• 1:01:20
  So I do think they have it in them to figure it out now.
• 1:01:23
  I'm just wondering whether they'll be able to.
• 1:01:25
  It does seem like a lot of the things that the Trump
• 1:01:27
  administration has been doing is like kind of clearing house and
• 1:01:32
  prepping for what's to come. But like you're saying, Nico,
• 1:01:35
  you know, the midterms are coming up very soon.
• 1:01:38
  So they're going to have to most likely make some drastic moves
• 1:01:44
  to get people on board, especially if you're seeing
• 1:01:46
  those, what was it polling market odds where, where they're
• 1:01:49
  losing support right now. So it's really up to the Trump
• 1:01:52
  administration or rather the Republicans right now.
• 1:01:55
  Like it's, it's theirs to win or lose at this point, I think.
• 1:01:58
  And if there is, as someone said in the chat, and I, I kind of
• 1:02:02
  totally agree with this. I did troll about this a minute
• 1:02:04
  ago, but like, what are they doing for our bags here?
• 1:02:08
  Like what are we benefiting here?
• 1:02:10
  And until we can materially see the benefit, then they have an
• 1:02:14
  uphill battle. So I do think they are doing a
• 1:02:17
  lot of things economically that is shaking the board around and
• 1:02:21
  it, it could positively affect all of us in in the best way
• 1:02:25
  possible. But it who knows exactly what's
• 1:02:27
  going to happen here. I think that's kind of like the
• 1:02:30
  big question. There's still time left in this
• 1:02:33
  year. Obviously, they're going to have
• 1:02:35
  at least part of 2026 to kind of, you know, get their stuff
• 1:02:39
  together before the whole midterm campaigning starts to
• 1:02:44
  get into OverDrive. So I think there's still some
• 1:02:46
  time. I I think there's some time for
• 1:02:47
  them to figure it out. But yeah, Scott Besson is
• 1:02:50
  actually Nico, you know, an interesting metric that I saw
• 1:02:53
  the other day. And I, I didn't double check
• 1:02:56
  this yet and I don't have it for the receipts for you guys.
• 1:02:59
  But I did see that Treasury cash, it's finally higher than
• 1:03:04
  Fed balances here. So it does look like the move
• 1:03:08
  of, remember, we've been covering the war kind of between
• 1:03:12
  Trump and Jay Powell. It's really, you know, Scott
• 1:03:15
  Besson versus Jay Powell. And it does look like Treasury
• 1:03:19
  is getting the Federal Reserve under control, or rather maybe
• 1:03:24
  claiming their dominance here. Again, Treasury cash for the
• 1:03:27
  first time in a very long time is higher than Fed balances
• 1:03:31
  here. Now, I know they're doing crazy
• 1:03:33
  stuff in the repo market, so they're going to add liquidity
• 1:03:35
  into the system. So that could change.
• 1:03:37
  But it does seem like they are reordering the chess book, the,
• 1:03:41
  you know, the, the chess match here.
• 1:03:44
  So maybe, maybe they can pull it out and, and everyone will
• 1:03:47
  benefit from this now. I think it'll be a like a
• 1:03:49
  Herculean effort, but I want to see everyone do better.
• 1:03:53
  I I'm not really on any party lines here, I just want to see
• 1:03:56
  everyone do better. I, I think we all want that,
• 1:03:59
  man. I think we all want that.
• 1:04:01
  I think, you know, I think Bitcoin gives people that
• 1:04:05
  ability without having to pick a side.
• 1:04:09
  I think both sides inherently do the same thing.
• 1:04:12
  Elon, I think went in there and try to fix it and he wasn't able
• 1:04:17
  to just because I think the system is so used to the money
• 1:04:21
  printer. Now, all that being said, again,
• 1:04:24
  I like you know, and I told this to Opti for a long time, like
• 1:04:28
  you really have two choices in the US because it's a two party
• 1:04:31
  system. So you obviously want to pick,
• 1:04:34
  you know, the side that is is better for your for, you know,
• 1:04:38
  for what you want. Obviously, as Bitcoiners, we
• 1:04:40
  wanted a positive regulatory environment.
• 1:04:43
  I think the Trump administration has come through and the
• 1:04:46
  Republican Party has come through on that front.
• 1:04:48
  I think the only missing element that me and Optia have been
• 1:04:51
  joking about for like more than half the show is like, all
• 1:04:54
  right, but like you guys did all this fantastic stuff, but you
• 1:04:58
  literally forgot the most important part, which is number
• 1:05:01
  go up, right? So, you know, of course, we've
• 1:05:05
  been kind of like half joking. And, you know, obviously the
• 1:05:09
  Trump administration isn't completely responsible for
• 1:05:12
  number going up. But those true social posts
• 1:05:16
  aren't really helping with 100% tariff announcements, right?
• 1:05:21
  But again, I think eventually, as the pressure comes from the
• 1:05:25
  midterm year coming, I think that they're incentivized for
• 1:05:29
  Main Street to to do really well and for Wall Street to do well,
• 1:05:33
  like all sectors of the economy have to be doing well for the
• 1:05:36
  Republicans to even stand a chance at keeping the House next
• 1:05:40
  year. And after last night, after the
• 1:05:44
  blue wins in Virginia and New York City and New Jersey, you
• 1:05:50
  know, I think that's a, that's a, that's a shot across the
• 1:05:53
  ballot. That's a, that's a warning sign.
• 1:05:55
  Like take this seriously, right? So, you know, at the end of the
• 1:05:59
  day, human beings are creatures of incentives and let's see what
• 1:06:03
  happens. But my, my personal opinion is I
• 1:06:06
  think 2026 could surprise everybody.
• 1:06:10
  I could be totally wrong. And in two or three months we
• 1:06:13
  could be. But that's been our, the story
• 1:06:15
  of the show this entire year, bro.
• 1:06:17
  Just we've been just talking about the vibes and the current
• 1:06:20
  moment. I think that's all you have.
• 1:06:22
  You all. All you have is the present,
• 1:06:23
  right? What is the source?
• 1:06:25
  My vibes. Vibes, vibes, vibes, simply
• 1:06:29
  vibes. All right, everybody, we're
• 1:06:31
  going to get to the culture. I feel like this entire show was
• 1:06:34
  the culture, so I don't even know how the culture could one
• 1:06:37
  up this entire show so far, but I'm excited to see what Opti has
• 1:06:41
  cooking. Let's check it out.
• 1:06:43
  We're going to be right back in just a bit.
• 1:06:46
  Now I want to give a shout out to our partner Hive digital
• 1:06:49
  technology. Why Hive in 2025, unstoppable
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  freedom. All right, everybody, we're back
• 1:08:49
  and it seems like our theater crew was watching the show.
• 1:08:52
  What's this? I can't read it.
• 1:08:54
  Let me hold on. I got to change the let me make
• 1:08:56
  it full screen. Let's let's see that so.
• 1:09:02
  I. Closed my shorts.
• 1:09:03
  Yeah. Baron Trump's open a 200 inch
• 1:09:07
  long. Baron, I closed my shorts open a
• 1:09:09
  200 inch long. Liquidate the bears, Father
• 1:09:11
  Trump. Beautiful.
• 1:09:12
  Nobody longs like we. Oh my God, that's hilarious.
• 1:09:19
  So anyways, Opti floor is yours. What's the culture?
• 1:09:23
  Well, I I think I don't. Know how you're going to one up?
• 1:09:25
  Honestly, I'm not I I really can't.
• 1:09:27
  I don't know. Should we just keep the?
• 1:09:28
  Pants with Kelly. I really can't one up this dude,
• 1:09:33
  but we do have a kind of a continuation of a lot of the
• 1:09:36
  stuff I've been showing you guys on the show.
• 1:09:39
  Cena dropped this. I don't know if you guys follow
• 1:09:41
  Cena. So the the culture has become
• 1:09:44
  the macro. Dude, I'm it's, it's macro Opti
• 1:09:47
  hour, the macro, macro, macro Opti 15 minutes.
• 1:09:53
  But I think this is showing a lot of strength in the market.
• 1:10:00
  I know we've really been joking about the fact that the Bitcoin
• 1:10:02
  price has been going sideways for so long and everyone's just
• 1:10:06
  kind of wanting to see it go up. But I think we're under
• 1:10:10
  estimating just like how strong the market has been structurally
• 1:10:14
  considering there's been, I don't know, like it seems like
• 1:10:18
  millions of coins hit the exchange this year from O GS
• 1:10:22
  selling, maybe rotating into ETFs, JPMorgan collateral type
• 1:10:27
  products, etcetera, etcetera, etcetera.
• 1:10:30
  I think the fact that we saw this much movement from the
• 1:10:34
  quote UN quote long term holders is really showing us the
• 1:10:38
  strength of the network and and remember going back to that IPO
• 1:10:42
  article, it is showing that there is a distribution going
• 1:10:46
  on. So I want to read a little bit
• 1:10:47
  and goes last week we wrote that during this period, the long
• 1:10:51
  term holder supply declined from 15.95 million Bitcoin to 15.05
• 1:10:56
  million Bitcoin, reflecting a net decline of 900K Bitcoin.
• 1:10:59
  This contraction shows that selling activity has outpaced
• 1:11:02
  new coin maturation, signaling that OG investors are still
• 1:11:05
  realizing profits rather than rebuilding positions.
• 1:11:09
  The magnitude of the cell pressure is comparable to that
• 1:11:11
  of previous distribution wave observed in December 2023, April
• 1:11:15
  22 April 2024 and October 2024 to March March 2025.
• 1:11:19
  Notably, the downtrend has yet to stabilize, suggesting that
• 1:11:23
  selling momentum may persist in the short term, but a healthier
• 1:11:26
  structure would require long term holder supply to flatten
• 1:11:28
  making a balance phase for consolidation.
• 1:11:31
  Until then, downward pressure is likely to suppress any sustained
• 1:11:34
  uptrend. So that's probably what we saw
• 1:11:36
  yesterday. Obviously, you've seen these
• 1:11:39
  kind of things play out in the past is where we've gone
• 1:11:43
  sideways for so long and we are currently in one now.
• 1:11:47
  Again, I think what we're looking at is wondering like how
• 1:11:51
  much more selling can actually take place and at what point
• 1:11:56
  does the buying pick up so that it absorbs this.
• 1:11:58
  But remember you got to with a seller, there is a buyer here.
• 1:12:02
  So the fact that we have been able to maintain above 100K this
• 1:12:05
  long, I think it's showing that there is this unlimited bid
• 1:12:08
  which Nico and I have been talking about of Wall Street,
• 1:12:10
  this institutional, very slow methodical buying opportunity
• 1:12:15
  here. And it's not as sexy as we're
• 1:12:17
  used to. It's not as explosive.
• 1:12:20
  But the fact that we're seeing this much coin hit the exchange
• 1:12:24
  is just showing, showing us that there is this unlimited bid
• 1:12:27
  right now. Remember, Nico, do you remember
• 1:12:29
  the bear Bear. Well, back in the day, yeah.
• 1:12:31
  Of. Course.
• 1:12:33
  Do you remember the number of coins that he sold during that
• 1:12:36
  time? No.
• 1:12:37
  It was like 30,000 coins, 30,000 was the biggest and that was the
• 1:12:42
  biggest at the time, which really goes into this IPO moment
• 1:12:45
  where someone with billions of dollars can actually exit their
• 1:12:49
  position without taking the market.
• 1:12:51
  Well, we just saw throughout this whole year, 900K Bitcoin
• 1:12:59
  hit the exchange and we're still holding on very strong.
• 1:13:02
  And so we are seeing literally billions of dollars hit the
• 1:13:05
  exchange and Bitcoin is absorbing this.
• 1:13:08
  I, I think we, I think it's hard for us to really understand what
• 1:13:12
  that means in the context of what's going on because it's
• 1:13:15
  just going sideways and we're being completely bored to death.
• 1:13:18
  And frankly, it's just remarkable that the price has
• 1:13:21
  been going sideways like it is. But here well, well, you know,
• 1:13:26
  we'll we'll end the show with with a little bit of bull sauce
• 1:13:29
  here shows with the Bitcoin archive.
• 1:13:31
  They posted this this morning and it goes just in the Bitcoin
• 1:13:34
  supply to loss reaches 30%. This level is historically
• 1:13:38
  preceded major rallies. So again, I've been connecting
• 1:13:43
  this with the 500 week moving average that seems to be what's
• 1:13:47
  holding up right now. A lot of the indicators right
• 1:13:50
  now. I I literally I had my boy
• 1:13:51
  yesterday text me. It's like if we don't break 100
• 1:13:55
  all time high 126 K by like March or something like bear
• 1:13:59
  market confirmed. I'm like, yeah, dude, like we're
• 1:14:01
  all waiting till March of 2026 to see what the hell is going on
• 1:14:05
  in the price. But I think we're seeing like a
• 1:14:09
  new setup play up play out right now.
• 1:14:12
  And I don't want to I don't want to chart boy on you guys, 'cause
• 1:14:14
  I 'cause I was chart boying. But I'm feeling extremely
• 1:14:18
  bullish this morning. I, I literally came into our
• 1:14:21
  morning meeting with Nico and was just unleashing the opium on
• 1:14:26
  him and he goes like, don't even say it, dude, do not say that.
• 1:14:32
  So I can't say it on stream because Nika thinks that the
• 1:14:36
  algorithms are listening to me. So I, I can't get as bullish as
• 1:14:39
  I want for you guys here because it's literally me spec.
• 1:14:42
  I might, I might drop a thread on it later just for shits and
• 1:14:45
  giggles because everyone's chart boying on Twitter right now and
• 1:14:48
  I'm like, I got some chart boy, man, I got some chart boying
• 1:14:51
  here. You got to follow Opti's pay
• 1:14:53
  group. Yeah, my, my paid group is this
• 1:14:55
  show, so I hope you're following.
• 1:14:59
  Speaking of that guys, we drop some merch if you guys want to
• 1:15:04
  support the show. Wait, they're saying say why
• 1:15:06
  Opti? Say why Opti?
• 1:15:08
  If you guys want to support the show and keep Opti fed, go to
• 1:15:13
  simplybitcoin.com and get some of our newest merch.
• 1:15:16
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• 1:15:19
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• 1:15:24
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• 1:15:26
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• 1:15:30
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• 1:15:34
  So everyone has a custom simply Bitcoin logo and design.
• 1:15:40
  It says Bitcoin or slavery on the back.
• 1:15:42
  It's really, really cool. We pay attention to detail and
• 1:15:44
  the quality of the material. I guarantee you that this is the
• 1:15:47
  type of hoodie that you'll buy and you're not going to want to
• 1:15:49
  wash it because that initial comfort, right?
• 1:15:51
  You'll be like, wow, this is so comfortable.
• 1:15:53
  So if you guys want to support the show, of course, you know,
• 1:15:57
  take care of your stack first. But if you guys want to support
• 1:16:00
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• 1:16:03
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• 1:16:09
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• 1:16:12
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• 1:16:20
  Guys that was the end of the show.
• 1:16:21
  I hope you enjoyed it. We took a more entertainment
• 1:16:25
  focused. Approach.
• 1:16:26
  I had way more fun today. Today.
• 1:16:29
  We made some jokes. That was fun.
• 1:16:30
  That was, that was, that was a good time.
• 1:16:32
  And Nico didn't yell at me for jokes today.
• 1:16:34
  We made Nico made jokes if. If you guys alike this approach,
• 1:16:39
  let us know in the comments right, because we had we had a
• 1:16:41
  whole lot of fun making today's show.
• 1:16:43
  You know what the curveball was? It was.
• 1:16:46
  It was the. Freaking stream.
• 1:16:47
  It was the. Stream.
• 1:16:48
  The first stream just disappeared off the face of the
• 1:16:51
  planet and I was like, all right, you know what?
• 1:16:54
  Like that kind of bummed me out a little bit and then I just
• 1:16:58
  kept going hard in the paint and I just saw the the numbers kept
• 1:17:00
  going up. So if you guys like this form of
• 1:17:04
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• 1:17:06
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• 1:17:09
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• 1:17:16
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• 1:17:19
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• 1:17:21
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• 1:17:24
  Take care everybody go outside, get some sun, touch some grass,
• 1:17:27
  eat some steak, spend time with the family.
• 1:17:30
  Love you guys and we'll be back tomorrow for any episode.
• 1:17:33
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