Latest / Simply Bitcoin / BlackRock: Bitcoin is BETTER than Fiat Currency | EP 847

Transcript

BlackRock: Bitcoin is BETTER than Fiat Currency | EP 847 · Simply Bitcoin

• 0:08
  It's all going to zero against Bitcoin.
• 0:11
  It's going up forever. You're against Bitcoin.
• 0:21
  You're against freedom. Yeah, welcome to another episode
• 0:26
  of Simply Bitcoin Live. We're your number one source for
• 0:28
  the peaceful Bitcoin revolution because the breaking news
• 0:30
  culture, traumatic warfare. We will be your guide through
• 0:32
  the separation of money and state.
• 0:34
  Larry Fink, the CEO of BlackRock, the largest asset
• 0:38
  manager in the world. I think it's like last time I
• 0:42
  Teched 8 trillion, $8 trillion assets under management that
• 0:48
  that is an absolutely astronomical number.
• 0:52
  Of course, you know there is the whole Coin Telegraph debacle
• 0:56
  that happened yesterday. They released a tweet that made
• 1:00
  the price pump like 10%. Larry Fink later had an
• 1:03
  interview on Fox Business. He was addressing it.
• 1:07
  Coin Telegraph walked it back. A lot of people got liquidated.
• 1:11
  Did Coin Telegraph have some insiders making some money?
• 1:15
  I don't know but. The most important part of the
• 1:18
  interview yesterday I think was with Larry Fink was admitting on
• 1:22
  legacy corporate media, which is why it's so significant.
• 1:26
  Bitcoin, Bitcoin is the real deal.
• 1:28
  Bitcoin is better than Fiat currencies.
• 1:30
  Bitcoin is superior. That's the signal right there.
• 1:33
  When you have the CEO, the leader of one of the not one,
• 1:37
  the largest asset manager of the world, you guys have to
• 1:40
  understand every Fortune 500 company, the biggest
• 1:45
  shareholder. More than likely than not is
• 1:48
  Vanguard and BlackRock. They essentially own the world.
• 1:52
  They really do. That's why they have so much
• 1:54
  influence. That's why they have so much
• 1:56
  political influence. So the fact that it's this guy
• 1:59
  saying that is a really, really big deal.
• 2:04
  Back in 2018, one of the coping narratives that we used when,
• 2:09
  you know, the price of Bitcoin was going down and whatnot was
• 2:12
  the institutions are coming. That was one of the narratives.
• 2:14
  The institutions are coming. They never came.
• 2:17
  But without a shadow of a doubt, the institutions are here and
• 2:22
  they have tremendous interest. And I think that's going to play
• 2:25
  a major part in the next Bitcoin cycle rally, whenever it takes
• 2:32
  place. Another thing that I wanted to
• 2:34
  mention also is that Arc Investments, Kathy Wood, she
• 2:38
  went on Natalie Burnell's podcast, which is a fabulous
• 2:42
  podcast called Coin Stories and she was talking about her
• 2:45
  prediction, her price prediction of 2030, right.
• 2:48
  And she was. There's three price predictions
• 2:50
  that she has. We'll break it down for you guys
• 2:53
  and we'll break down the data, why she believes it's there.
• 2:56
  But one of those also the other things that was mentioned that
• 3:00
  was being talked about on Twitter.
• 3:02
  And the reason I want to mention this is because it's not coming
• 3:05
  from simply Bitcoin this, this conclusion.
• 3:09
  It's coming from other people, which is the idea that the SCC's
• 3:14
  lack of approval of a Bitcoin ETF is politically motivated.
• 3:19
  I think it's incredibly obvious by now.
• 3:22
  You know, we had we had the privilege of having Caitlyn Long
• 3:26
  on the show. Caitlyn Long was launching a
• 3:29
  Bitcoin and altcoin bank in the great state of Wyoming.
• 3:32
  And she was applying for a federal banking charter, and
• 3:35
  that would make her competitive with the other banks.
• 3:38
  And not only did the Federal Reserve slow Walker, usually the
• 3:42
  approval process takes about two weeks, but it took about a year
• 3:47
  or so. And it was eventually denied
• 3:50
  that that federal banking charter.
• 3:54
  And the denial came coincidentally, of course.
• 3:58
  A couple weeks before, the Federal Reserve themselves
• 4:02
  launched the Fed now, which in my opinion is the introduction
• 4:05
  of the American version of the central bank digital currency,
• 4:08
  right. So again, lots of coincidences
• 4:11
  and this leads to a very important question.
• 4:13
  My last point before I bring up my awesome cohost and our guest
• 4:16
  for today, which is the people that are tasked to regulate
• 4:19
  Bitcoin are also people that work in government.
• 4:23
  So there are also people that have the most to lose if Bitcoin
• 4:26
  succeeds because a lot of their power, a lot of their wealth,
• 4:30
  comes from the power of the money printer.
• 4:32
  It's not a coincidence that Washington DC is one of the
• 4:36
  richest in terms of the suburbs. Some of the richest suburbs on
• 4:41
  planet Earth are in Washington DC Why is that right?
• 4:44
  It's not a. You know an an economically
• 4:47
  productive place. It's not like companies you know
• 4:50
  headquartered in Washington. It's the seat of government.
• 4:53
  Why is where the the seat of government?
• 4:55
  Why is where the capital or the seat of government are one of
• 4:58
  the most powerful governments in the world.
• 5:01
  Why is it so wealthy? Why are the suburbs so wealthy.
• 5:03
  What's going on there that that doesn't make sense.
• 5:06
  The government doesn't really make anything.
• 5:08
  So anyways this is a separation of money and state exciting
• 5:12
  show. We got a bunch of clips for you
• 5:13
  guys. I want to bring up my legendary
• 5:15
  coast. Always optimistic.
• 5:16
  He is smiling. He's giggling.
• 5:18
  You're just cracking me up, bro. You're.
• 5:21
  I like the rhetorical questions at the end.
• 5:23
  Opti is himself today. How you doing bro?
• 5:26
  Can you update us? Are you and Chrissy talking?
• 5:31
  No. She blocked my number.
• 5:33
  Unfortunately, I I can't get close to the money printer.
• 5:37
  You know, I think I've said it before on the show.
• 5:39
  Not the first time. My number's been blocked.
• 5:41
  But hey, it is what it is, you know?
• 5:42
  I can't complain anyways. Anyways, being a little more
• 5:46
  serious Nico, I think one of the more interesting aspects of
• 5:50
  yesterday's scam Wick is that the Bitcoin price is still
• 5:53
  holding up pretty strong above 28 K So I think when you hear
• 5:58
  this video I only heard a snippet of it, you'll start to
• 6:01
  realize why it is such an important take.
• 6:03
  And then on the on the last note about Arkin, you know the spot
• 6:08
  Bitcoin ETF. Today is a day where the SEC
• 6:11
  will have to make a decision on on three spot Bitcoin ETF
• 6:16
  deadline, so I'm sure by the end of the day we'll get some more
• 6:19
  news whether we get a denial or an acceptance.
• 6:22
  I'm I'm leaning more denial, but it's still an interesting day to
• 6:25
  be talking about this stuff because there will be some more
• 6:28
  news coming out later today. So love to see it.
• 6:31
  It's almost coincidences. Or what do we always say there's
• 6:34
  no coincidences? No conspiracies where there's no
• 6:36
  Yeah exactly. Anyways, anyways, it's.
• 6:38
  Not my line, but it's a really good line.
• 6:41
  Guys. If you are enjoying the show,
• 6:42
  make sure to smash that like button.
• 6:44
  Help us break 100 likes within the first hour.
• 6:46
  If you're watching us on rumble, we appreciate you guys.
• 6:49
  If you're watching us, we're appreciate you guys as well.
• 6:52
  All right, no more. Let's bring on our I want to
• 6:54
  bring on Michael Jordan himself. We have him in the house.
• 6:58
  How you doing, Sir Ulrich? Appreciate you, bro.
• 7:01
  Thank you for coming on the show.
• 7:04
  You know, if you guys really want to compliment me, you would
• 7:06
  get me one of those represent hats that are allegedly
• 7:10
  artificially scarce. Hey, I saw Dale walking around
• 7:13
  with that at Pacific Bitcoin and I just felt all see, get I'm
• 7:19
  leaving right now. That's not even it.
• 7:22
  Was this on cue? I didn't even tell you this
• 7:24
  story. But whatever.
• 7:25
  It's nice to be here. Good to have you, Ulrich.
• 7:29
  I know, I know. We had the conversation, and
• 7:31
  everyone in the chat's going to troll me all day.
• 7:33
  I will. We are.
• 7:35
  We are working on the hats. We're going to get Sir Ulrich, a
• 7:38
  hat, the Michael Jordan of Bitcoin.
• 7:40
  This guy absolutely slays it on the court.
• 7:43
  But yeah man, it's going to be a great show.
• 7:45
  What are you going to be talking about during the culture
• 7:46
  segment? Oof.
• 7:48
  Oof. Well, what is that?
• 7:49
  The prize? Yeah, that's the prize.
• 7:51
  Let's see, let's. Make that.
• 7:52
  Let's make that full, full screen.
• 7:54
  We got the trophy. Oh, all right.
• 7:58
  Sir Ulrich himself coming in for the win.
• 8:01
  Yeah, so. So for today's culture, Ulrich
• 8:04
  hit me up about, I don't know, like a week or two ago wanting
• 8:07
  to drop an article for us. And it is on Javier Miley.
• 8:11
  And he wanted to come on the show when we dropped it.
• 8:14
  So we coordinated so that when I released it, Ulrich's on the
• 8:18
  show. And we had to make sure that we
• 8:20
  had this conversation before the presidential elections that are
• 8:23
  happening in Argentina at the end of the week.
• 8:26
  So we're doing it all today guys.
• 8:29
  I am sure you guys are going to like this one or killed it on
• 8:32
  this article. And I'm excited to just dive
• 8:34
  into it and have this conversation and pick his brain
• 8:36
  a little more. So culture on what's happening
• 8:39
  in Argentina. It's gonna be a good one.
• 8:41
  And we talked about it yesterday.
• 8:42
  Update on what happened yesterday.
• 8:44
  More contacts, more information. Wow, we did not plan this.
• 8:48
  It just happened coincidentally. Huh.
• 8:49
  That's amazing. I was watching you guys with
• 8:51
  Terence by the way, a great show yesterday and I'm like are you
• 8:55
  got Nico's stealing all my talking points.
• 8:57
  I mean I have a few I have a few tidbits to add.
• 9:01
  It was, it was a great lead and I think that as Bitcoin being a
• 9:06
  an international standard. You know, these are the type of
• 9:09
  topics you guys have been on Joe Rogan for a few episodes.
• 9:12
  You got you guys talked about Tucker Carlson for several
• 9:15
  episodes in the past. Javier Malay is a topic that
• 9:18
  should be repeated over and over again because it's impacting the
• 9:22
  world around, as Bitcoin is more than just the United States,
• 9:25
  it's a global movement. Yeah, it's a it's a global
• 9:28
  phenomenon and I I, I you know and and I'm sure you're gonna go
• 9:32
  much deeper into the weeds than we did yesterday.
• 9:35
  But the the, you know, the pushback from the administrative
• 9:39
  state, right, the the unelected bureaucracy that benefits from
• 9:44
  the money printer, which is why they're using law fair, which is
• 9:47
  why, you know, they're saying, oh, we're going to get rid of
• 9:49
  income taxes all of a sudden, right?
• 9:51
  It's like that. What you're seeing is the
• 9:54
  bureaucracy fighting to maintain that privilege of being able to
• 9:58
  create money for free at the expense of everyone else.
• 10:01
  That's what you're seeing. It's it's like in a.
• 10:03
  It's a it's an immune response, right?
• 10:07
  But but yeah, what what's happening in Argentina is
• 10:10
  fascinating. And I, I, I, I truly believe
• 10:14
  that this is the beginning of a worldwide movement the the likes
• 10:18
  of which the world has never seen before.
• 10:21
  I think we're heading into uncharted territory.
• 10:24
  We've been in times where the money breaks before.
• 10:28
  This has happened many times throughout human history.
• 10:32
  What is different this time is the Internet.
• 10:35
  The Internet has given us the ability to communicate
• 10:38
  instantaneously over vast distances, peer-to-peer right,
• 10:43
  the rise of social media and then Bitcoin, which allows
• 10:47
  people to choose their money, the money that they want to use
• 10:50
  and that kind of creates a competition, so to speak.
• 10:54
  Right. So and this was all predicted
• 10:56
  back in the 90s in the book, the sovereign individual.
• 10:58
  So yeah, I agree this is a worldwide phenomenon.
• 11:01
  What's happening, So many pieces are happening.
• 11:04
  But the way that we say it in the beginning of so many moving
• 11:07
  pieces, but the way that we say it in the beginning of the show,
• 11:10
  this is the separation of money and say this is what we're
• 11:12
  living through. This is what is happening.
• 11:14
  This is. Our moment in time and you got
• 11:16
  to ask yourself as an individual, what side do you
• 11:19
  want to be on? Do you want to be on the side of
• 11:21
  Fiat, the side of CBD, CS, the side of slavery, Control,
• 11:24
  central bank, digital currencies, the party of green?
• 11:27
  Or do you want to be on the party of Orange, the party of
• 11:30
  Bitcoin, the party of peace, Bitcoin, prosperity, all of that
• 11:33
  Good stuff? You got to decide.
• 11:35
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• 11:42
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• 11:48
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• 13:12
  The Bitcoin price is 28,540 Stats per dollar 3504 block
• 13:19
  height 812,633 blocks to halving, 27,367 halving
• 13:26
  estimate. April 21st, 2024 Total Lightning
• 13:30
  network capacity 5338 Bitcoin capacity value 152 million U.S.
• 13:38
  dollars Realized monetary inflation 1.74% The market
• 13:44
  capitalization of Bitcoin $557 billion with the B Bitcoin
• 13:50
  versus gold market cap 4.32%. In the grand scheme of things,
• 13:56
  Bitcoin is still a baby. But my favorite number out of
• 13:59
  all this, I tell you guys this every day, is the realized
• 14:03
  monetary inflation. This is continuing to take Fiat
• 14:06
  currencies to absolute school, even if they get it back to the
• 14:09
  2%, which is going to be very, very difficult.
• 14:13
  Still lower and the halving is going to ensure the halvings are
• 14:17
  going to ensure that this number is going to go down forever
• 14:20
  anyways. What I want to talk about today
• 14:22
  is the debacle that happened yesterday.
• 14:25
  It was an absolute cluster fuck. If you guys for whatever reason,
• 14:31
  were unplugged from the Internet, I clicked on an ad
• 14:34
  that automatically played. I apologize back to this.
• 14:43
  Aren't live folks. Aren't live shows great?
• 14:46
  OK, so if you were hiding under a rock or you were unplugged
• 14:52
  from the matrix yesterday? Coin Telegraph tweeted very
• 14:58
  early in the morning. This is an account that has one
• 15:00
  point something million followers on Twitter.
• 15:02
  So it's extremely influential, very, very big reach.
• 15:06
  They said, hey guys, guess what, you know the Black Rock Spot
• 15:12
  Bitcoin ETF was approved. That made the price of Bitcoin
• 15:16
  jump up from like I think it was like 2627 K 27 five or
• 15:20
  something. It jumped all the way up to 30,
• 15:23
  it touched 30 and then you know the cracks started to show.
• 15:27
  It wasn't, confirmed the Fox Business reporter that had a
• 15:31
  interview with Larry Fink himself.
• 15:34
  Confirmed from BlackRock that that wasn't true, which is very
• 15:39
  strange coin. Telegraph then went on to not
• 15:42
  only change the tweet, so they initially tweeted it out like
• 15:45
  you said it was a matter of fact.
• 15:47
  Then they edited the tweet and put in parentheses reportedly.
• 15:50
  And then they deleted the tweet altogether and then they issued
• 15:55
  an apology. We're gonna read you guys the
• 15:57
  apology today. But let's just say in that type
• 16:00
  of in that type of situation, if you have prior knowledge to
• 16:05
  what's about to happen to that tweet going out, you could have
• 16:09
  made yourself a lot of money. So anyways goes on to say here's
• 16:14
  the headline BlackRock CEO Fink weighs in on Bitcoin ETF rumor.
• 16:18
  It goes on to say BlackRock CEO Larry Fink on Monday weighed in
• 16:22
  on the firm's pending Bitcoin exchange traded fund application
• 16:25
  following a wild rumor after Coin Telegraph reported.
• 16:29
  Has been approved by the SEC. The news outlet retracted the
• 16:32
  short of the story shortly after publication.
• 16:35
  Quote. I can't talk about the specifics
• 16:37
  of anything. I think it's just in another
• 16:39
  example of the pent up interest in crypto, we are hearing from
• 16:43
  clients around the world about the need for crypto, Fink said
• 16:47
  Monday afternoon during an appearance on the Klanmen
• 16:51
  countdown, while declining to comment on the status of the
• 16:54
  application. So couple things to pay
• 16:57
  attention to. He does say crypto, but in the
• 17:00
  reality is that they're applying for a Bitcoin spot, Bitcoin ETA
• 17:06
  spot, Bitcoin ETF. They're not applying for a
• 17:08
  crypto ETF. So you know it's Bitcoin, not
• 17:13
  crypto Larry. Anyways, moving on.
• 17:16
  Here's a short clip. I think it was the the, you
• 17:18
  know, our friends over at Swan that originally clipped this
• 17:21
  out. And Larry said some very
• 17:24
  interesting things and we'll talk about in a second.
• 17:26
  Let's check out the video. This rally is way beyond the
• 17:29
  rumor. I think the the rally today is
• 17:32
  about a flight to quality with all the, you know, all the
• 17:36
  issues around the Israeli war now global terrorism.
• 17:41
  And I think there's more people running into a fight.
• 17:44
  The quality, whether that is in treasuries, gold or crypto,
• 17:48
  depending on how you think about it.
• 17:50
  And I believe crypto will play that type of role as a flight to
• 17:53
  this rally is way beyond. So what he said is, is extremely
• 17:58
  significant, right, flight to quality.
• 18:02
  Then what is more significant? Because I know a lot of people
• 18:06
  are like bummed out. It's like, wait, he said.
• 18:08
  Treasuries and gold? Do you understand what he just
• 18:11
  said though? Do you understand what he just
• 18:13
  said? He put Bitcoin on the same level
• 18:17
  as U.S. Treasuries and gold.
• 18:22
  This is the CEO of the largest asset manager, the largest asset
• 18:27
  manager in the world. He just compare.
• 18:29
  He put Bitcoin because he says crypto.
• 18:32
  But they're not filing for a crypto spot spot ETF.
• 18:36
  They're fighting for a Bitcoin ETF Spot Bitcoin ETF.
• 18:40
  So he put it on the same level as those things.
• 18:44
  Mind you, if Bitcoin hits the market cap of gold, that is
• 18:48
  $500,000 per Bitcoin, right? Just to give you guys an idea of
• 18:55
  how early we are and the fucking excuse my language, absolute
• 19:00
  tsunami that is coming into this thing.
• 19:05
  Once the spot Bitcoin, remember there was five things that
• 19:07
  Michael Saylor said needed to happen in order for Bitcoin to
• 19:10
  reach $5 million per coin. He said that large banks needed
• 19:15
  to have the ability to custody Bitcoin.
• 19:17
  Multiple banks have already applied for licenses to do just
• 19:21
  that worldwide. Second thing, he said that the
• 19:25
  FASB rule, the accounting rules for public companies, needed to
• 19:29
  change. That happened a couple of weeks
• 19:32
  ago. Cosby rules changed.
• 19:34
  I think the starting date is 2025 S that not only can they
• 19:38
  report, not only do they have to report the the gains, but they
• 19:42
  could also report the losses which makes it a lot easier and
• 19:46
  a lot more feasible from an accounting perspective.
• 19:48
  And then the third thing that he said needed to happen for
• 19:51
  Bitcoin to hit $5,000,000 is the approval of a spot Bitcoin ETF.
• 19:59
  So what is? What is holding down?
• 20:00
  What is holding up Gary Gensler? I think what's holding up Gary
• 20:04
  Gensler is I think that once this gets approved, this is
• 20:07
  going to open the floodgates and it's going to prove to the world
• 20:12
  that holding Bitcoin as an alternative to Fiat currencies
• 20:17
  and U.S. Treasuries is a much better
• 20:21
  idea, and I truly believe. That is the political motivation
• 20:26
  behind delaying the spot Bitcoin ETF approval.
• 20:31
  Anyways, moving on to the absolute fucking disaster this
• 20:35
  was yesterday. Who made that money at Coin
• 20:38
  Telegraph? I want to know.
• 20:40
  Anyways, so this is the official apology.
• 20:44
  We apologize for a tweet that led to the dissemination of an
• 20:47
  inaccurate information regarding the BlackRock Bitcoin ETF.
• 20:51
  An internal investigation is currently underway.
• 20:53
  We are committed to transparency and we will share the findings
• 20:56
  of the investigation with the public.
• 20:59
  So let's kinda dig into what that was.
• 21:03
  So clarification on sharing false spot Bitcoin ETF news goes
• 21:08
  on to say your coin. Telegraph readers, we are
• 21:11
  incredibly grateful for the support blah blah blah blah blah
• 21:13
  blah blah. So just thank you for everything
• 21:17
  10 years, etcetera, etcetera, goes on to say earlier today
• 21:20
  during routine coverage, Coin Telegraph's social media team
• 21:23
  posted a message on X without prior editorial approval stating
• 21:28
  that the United States Securities Securities Exchange
• 21:30
  and Commissions, the SEC has approved BlackRock Blackrock's
• 21:35
  iShares spot Bitcoin Exchange Traded Fund or ETF.
• 21:38
  This was false. The result of misinformation the
• 21:41
  news LED originated from an unconfirmed screenshot posted by
• 21:45
  an ex user who claimed it was from the Bloomberg Terminal.
• 21:49
  Coin Telegraph did not ultimately publish an article
• 21:51
  with this incorrect information, but we deeply regret posting
• 21:55
  this in error on X and the impact it has caused.
• 21:58
  An internal investigation revealed that our standard
• 22:00
  procedure for posting breaking news on social media wherein
• 22:04
  sources are required to be verified before posting to
• 22:07
  social media, was not followed. And it goes on to say the time
• 22:12
  Lamp of events is as far as and I'm assuming that this is like
• 22:15
  screenshots from from the from their Telegram group.
• 22:20
  Looks like everyone's using Telegram, which is funny.
• 22:23
  And then like this is the culprit the, you know, the
• 22:27
  person where they got the information from.
• 22:31
  So it looks like Coin Telegraph is getting their information
• 22:34
  from Telegram groups. That's not a good thing.
• 22:38
  It looks like they deleted their Telegram account.
• 22:42
  So I mean, very convenient. That's what I'm gonna say.
• 22:50
  Very fucking convenient. Very convenient that you know
• 22:54
  the culprit just disappeared into that good night, never to
• 22:57
  be seen again. And no, no one got fired it.
• 23:01
  They just didn't follow the standard procedures.
• 23:04
  Let's just not forget about the millions of dollars of
• 23:08
  liquidation. Not to mention the fact that
• 23:11
  again, if anyone had prior knowledge to this, they could
• 23:15
  have made a lot of money not only to the upside, but also to
• 23:18
  the downside. Anyways, Michael Jordan, what do
• 23:21
  you think about this bro? Like what?
• 23:23
  What the fuck is going on? This is a there's a there's
• 23:28
  never a dull moment in Bitcoin like it's either Javier Malik
• 23:31
  getting sabotaged. You know, spot of hoax, spot
• 23:36
  Bitcoin ETF Elizabeth Warren attack.
• 23:39
  Like this is a crazy, crazy world we live in these days.
• 23:42
  Anyways, what are your thoughts, brother?
• 23:45
  Yeah, you know. There's so many, there's so many
• 23:48
  facets here. I would say the first thing is I
• 23:51
  would say all news is good for Bitcoin.
• 23:53
  There hasn't been a single thing that has detract that has
• 23:57
  brought Bitcoin down from its for its every four years.
• 24:01
  It's always better than it was four years ago.
• 24:04
  And we're so used to seeing to talking about things year over
• 24:07
  year six month gains. And and Bitcoin is truly in its
• 24:12
  while it's in its price discovery phase.
• 24:14
  It goes through these long I'm I'm the true believer of the
• 24:17
  cycles. They haven't proven wrong yet
• 24:20
  and this kind of stuff. Minutia.
• 24:24
  You know, a mess. A random message on Telegram,
• 24:26
  it's. There's so much potential energy
• 24:29
  being built up for people to start pouring their their dirty
• 24:33
  Fiat into this new monetary network that.
• 24:38
  Anything, any news is going to catapult so it goes up.
• 24:43
  You know what, 10% on on a rumor, on Telegram.
• 24:47
  Imagine what happens when when that rumor becomes reality,
• 24:50
  you're looking at those 20, those 20% candles in one day.
• 24:54
  We're just beginning to get into what I believe is going to be a
• 24:59
  memorable bull market and all those people that got in in
• 25:02
  2021. If you're still holding, you're
• 25:04
  going to be in good shape. Additionally, when it comes down
• 25:07
  to the scams and the drama that happens with the with this, with
• 25:12
  Wall Street, I saw one guy XXA, you know this kind of stuff is
• 25:15
  happening all the time. It's just not broadcast on on
• 25:20
  such a large scale like we talked about with the Bitcoin
• 25:23
  ETF. So these scams, these these rug
• 25:26
  pulls happen continually, but it just show.
• 25:29
  It just goes to show how important Bitcoin is to.
• 25:33
  The financial world in general, with this much attention to
• 25:39
  essentially another just another rug pull on the scam we call
• 25:43
  Wall Street 100 percent 100%. I I agree with that statement,
• 25:48
  Opti, what's your take on all this, brother?
• 25:51
  You think it was Chrissy messing sending telegrams, you know?
• 25:55
  Well, well, my initial thought is guys like you don't short
• 25:59
  Bitcoin. This is this is like.
• 26:02
  I I don't know. It's it's immoral to short
• 26:04
  Bitcoin. I'm, I'm, I'll, I'll, I'll dive
• 26:06
  down that way. I'll be hyperbolic there.
• 26:09
  But you know hey we saw what I think it was over $100 million
• 26:14
  in shorts liquidated from from a tweet.
• 26:16
  You know, just like. Classic Bitcoin things that
• 26:19
  happened yesterday, just super hilarious in my opinion.
• 26:22
  Seeing a a classic scam Wick that we haven't seen in years,
• 26:26
  it feels kind of good. I'm not going to lie.
• 26:27
  Like it felt pretty good to see a scam Wick wake up to some
• 26:30
  crazy frothy movements in the market.
• 26:33
  Just considering we've been, you know demoralized for the last
• 26:36
  two years of just it's been a rough bear market.
• 26:39
  But I think to something, Orick said, is just, it just goes to
• 26:44
  show. How frothy the market is going
• 26:48
  and that we will be going into a very epic bull market in my
• 26:51
  opinion. I've been saying this for a
• 26:52
  while. I'm trying not to get too
• 26:54
  bullish in regards to what this bull market will entail because,
• 26:59
  you know, we all, we all got PTSD from the last.
• 27:02
  Little pump up to 69 K and now we're at we're trying to be
• 27:05
  conservative here but I don't know something you know my my
• 27:08
  oracles are telling me that we are going to be pumping pretty
• 27:11
  hard going into 2025 and and you just love to see it I'm I'm kind
• 27:15
  of leaning on the side that we will be very volatile to the
• 27:18
  upside and everyone is underestimating how huge this
• 27:23
  bull run will actually be once that FOMO kicks in.
• 27:25
  Anyways, anyways, I want to go back to the Larry Fink video
• 27:30
  because. I find it very hilarious that
• 27:33
  Larry Fink and I I forget how long the Larry Fink saga has
• 27:38
  been. But just to give some context,
• 27:40
  remember Larry Fink started out a few years ago as saying, you
• 27:43
  know, Bitcoin is just for money launderers, and now he's on
• 27:47
  television telling people, oh. I don't think it's just because
• 27:50
  of a scam wig. I don't think it was just
• 27:52
  because of a fake news tweet. It's because people are going
• 27:54
  towards the quality asset and holding Bitcoin akin to some of
• 27:58
  the best assets, at least the risk off assets that people
• 28:00
  should be holding in traditional finance so.
• 28:04
  If this is true, and of course as Bitcoin as we know this is
• 28:06
  true, this is our thesis that Bitcoin is the quality asset,
• 28:10
  Bitcoin is the risk off asset. And if you think in terms of
• 28:14
  Bitcoin being the best money, then we're seeing Gresham's Law
• 28:17
  also play out and we are seeing that flight to quality and it's
• 28:21
  just beautiful to see. And of course, the Bitcoin
• 28:23
  message is getting spread further and further and further
• 28:25
  into the highest echelons of traditional finance.
• 28:28
  And it's only a matter of time until everyone wakes up to what
• 28:30
  we believe in. We're no longer just crazy
• 28:32
  conspiracy theorists on the Internet, you know?
• 28:34
  We're no longer just what do they call us?
• 28:36
  Psychopath, illiterate bitcoiners, all that other stuff
• 28:39
  they called us. But it's just it just goes to
• 28:42
  show how far we've come. You know Larry Fink, Love him or
• 28:45
  hate him, he knows, in my opinion, he knows what he's
• 28:48
  doing in regards to holding money.
• 28:50
  And now he's starting to say what we've been saying for a
• 28:53
  long time, saying the quiet part out loud, that Bitcoin is that
• 28:57
  quality asset, that people are moving into Bitcoin.
• 29:00
  And this is uncontentious. If you go to every other thing
• 29:04
  going around the world like the El Salvador, like what we're
• 29:06
  seeing in Argentina, The fact that all these Fiat currencies
• 29:09
  are hyperinflating, the fact that it looks like the
• 29:12
  traditional financial world and Wall Street and all that are,
• 29:15
  are showing cracks in their system.
• 29:17
  It just goes to show that people are looking for alternatives.
• 29:20
  And of course Bitcoin is that alternative.
• 29:22
  And then the last thing you know, it's Bitcoin, not crypto.
• 29:25
  But as everyone's saying in the chat, I don't think Larry Feek
• 29:27
  can say Bitcoin directly. You know, he's got a spot ETF
• 29:30
  going on. I'm I'm sure there's some red
• 29:33
  tape that he is working through. But anytime you hear someone on
• 29:36
  television say Bitcoin, or rather say crypto, they are
• 29:40
  always talking about Bitcoin. And when they actually say
• 29:44
  Bitcoin, it's usually in a negative sense.
• 29:46
  So just, you know, read between the lines.
• 29:48
  We all know the Playbook guys, they're going to flood Bitcoin,
• 29:50
  they're going to stack their bags and then once it's ready to
• 29:52
  go, they're going to embrace Bitcoin and rocket ships get on
• 29:56
  board. So here we are guys.
• 29:57
  This bull run is going to be marvelous.
• 30:00
  And right now is the time to just get get your ducks in
• 30:03
  order. Guys, if if you have not been
• 30:05
  here, kind of like what Oryx said, if you've been stacking in
• 30:07
  2020-2021, you kind of saw a little glimpse of a bull run.
• 30:11
  Welcome to what a bull run feels like you you guys thought I was
• 30:14
  trolling when I said it gets absolutely crazy.
• 30:16
  This is why it's that quiet time before the storm is because any
• 30:20
  little news and and the price starts to run and that just goes
• 30:23
  to show there's so much capital on the side.
• 30:25
  All it really is going to take is for one just big news story,
• 30:29
  for one indicator for the price to really start running.
• 30:32
  And once it runs, guys, I'm convinced that we are never
• 30:34
  going to get back down here. And we're just waiting for the
• 30:37
  Hottamot tweets of, you know, we're never going to get under
• 30:39
  30K, we're never going to get 20K, we're never going to get
• 30:42
  40K. So once the price starts
• 30:43
  running, guys, it really starts to melt faces.
• 30:47
  And if you're not prepared for it, you may get blindsided.
• 30:50
  And we got a glimpse of it yesterday and, you know, an hour
• 30:53
  off a fake news story, Just wait until there's actually a
• 30:57
  legitimate news story and all the capital starts to find its
• 31:00
  way into Bitcoin. It's going to be a crazy, crazy
• 31:04
  bull run. Get your ducks in order today,
• 31:07
  100% opt out. Choose Bitcoin.
• 31:10
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  directly to the website. All right everybody.
• 33:53
  So first of all, shout out to Natalie's podcast, Coin Stories.
• 33:57
  Check out the episode that she did with Kathy Wood.
• 34:01
  You can hear the entire thing. I highly recommend it.
• 34:04
  I saw the entire thing. It was really, really good and
• 34:07
  Natalie's an extremely, extremely talented host.
• 34:10
  So that being said, here's a clip from that podcast and Kathy
• 34:14
  Wood said something very interesting, which is something
• 34:19
  that kind of I've heard this story before.
• 34:21
  Anyways, I'll play you guys a clip and then we'll comment on
• 34:23
  it. We.
• 34:24
  Know the research people at the SEC.
• 34:27
  And they know what they're talking about.
• 34:30
  They are really good. We've met the head of Finn Hub
• 34:35
  now, who reports directly to Chairman Gensler.
• 34:40
  And for me, the disconnect is they know so much and they are
• 34:44
  so good that I believe this was much more Gary Gensler standing
• 34:52
  in the way. I don't know for sure.
• 34:55
  Because they could never say something like that.
• 34:58
  I just know from how they how we have discussed Bitcoin with them
• 35:04
  that they really understand it and they understand it's merits
• 35:09
  most important. So this is Gary Gensler.
• 35:12
  You know, we know. So OK, so a couple things,
• 35:16
  right? You got to connect the dots.
• 35:17
  Is what we do on simply Bitcoin, right?
• 35:19
  They really understand Bitcoin. They really understand Bitcoin.
• 35:24
  They really understand Bitcoin. And they're not approving
• 35:28
  Bitcoin, right, mind you. A couple months ago, the White
• 35:35
  House released the Presidential Economic Report.
• 35:39
  They dedicated 20 entire pages, making the case as to why a
• 35:45
  central bank is necessary, why you need a state for money, why
• 35:51
  you need a CBDC, and why Bitcoin is bad.
• 35:55
  Coincidentally, either about a month or two after Caitlin
• 35:58
  Long's bank was denied the federal banking charter, making
• 36:01
  her bank competitive with other banks in the US.
• 36:04
  And coincidentally at the same time, the Fed now, which is the
• 36:09
  first the the the introduction of the of the American CBDC was
• 36:14
  launched last year. Late 2022, the US Treasury in
• 36:20
  response to an executive order by the Biden administration
• 36:23
  released a paper called The Future of Money and Payments.
• 36:26
  In that paper, the Future of Money and Payments, they did not
• 36:31
  mention Bitcoin, they mentioned stable coins, they mentioned
• 36:34
  payment platforms and they mentioned central bank digital
• 36:39
  currencies. They did not mention Bitcoin.
• 36:42
  So I think Kathy buried the lead there, so to speak.
• 36:48
  They completely understand it. And because they completely
• 36:52
  understand it, perhaps that's the reason that it hasn't been
• 36:57
  approved. I really believe at this point
• 37:01
  with everything going on, the great work from Nick Carter
• 37:04
  writing that that piece, Operation Checkpoint 2 Point O
• 37:08
  laid it out methodically. All the different things, all
• 37:11
  the adversarial positions and all the adversarial moves that
• 37:15
  the current administration has taken against Bitcoin, as really
• 37:19
  pointed out, you know, they really don't like this thing.
• 37:22
  And the fact that they understand it tells me why they
• 37:26
  don't like this thing. Because Bitcoin, what it
• 37:29
  fundamentally proves is that not only can you have a money
• 37:34
  without a central bank, not only can you have money without a
• 37:38
  government, but you can have a money without a government
• 37:42
  that's better than government money itself.
• 37:48
  And I think that once you open Pandora's box, that is a one way
• 37:51
  door. I have never met someone in my
• 37:54
  life that has transitioned to a Bitcoin standard and said, you
• 37:59
  know what, this sucks. I'm going back to a Fiat
• 38:02
  standard. I've never met somebody that has
• 38:05
  gone on to a Bitcoin standard, says let me go back to a Fiat
• 38:09
  standard. I was sending payments, you
• 38:13
  know, I think it was like yesterday or the day before for
• 38:16
  one of my businesses. And it was so difficult to send,
• 38:24
  you know, multiple people money because every time, depending on
• 38:30
  the app, there was always this artificial limit, artificial
• 38:34
  block that they put onto you. And if you think about it like
• 38:38
  you, you break it down to a very fundamental level, right?
• 38:45
  It's your money. You worked for it.
• 38:48
  You put your time, your energy into, like literally
• 38:53
  accumulating this thing. But the bank and the government
• 38:58
  are telling you you can't send over a certain amount because we
• 39:05
  believe that is what's good for you.
• 39:08
  And if you do want to send over a higher amount, you have to pay
• 39:13
  like what? What's the $30 wire fee, How
• 39:16
  long does it take? Right.
• 39:19
  An ACH, you know, it takes at least five to seven days because
• 39:23
  the transfer is immediate, but you can roll it back.
• 39:26
  So usually there's between a five to seven day hold.
• 39:30
  So like clearly, clearly, you know there's a better system.
• 39:36
  It exists and I think that this lack of approval, this, this
• 39:41
  delay of a spot Bitcoin ETF at this time, you can't say this
• 39:47
  with 100% surgency. But with everything that I've
• 39:50
  seen, the things that I've seen in Argentina, the things that
• 39:54
  I've seen in El Salvador, the the IM FS reaction not only to
• 39:58
  Argentina when they gave him the bailout, but they they gave him
• 40:01
  a condition that you can't, you know, you have to de incentivize
• 40:04
  the adoption of Bitcoin. And then the IM FS reaction to
• 40:10
  El Salvador, then the hostility from the current administration.
• 40:15
  And then not to mention you have political candidates that are
• 40:18
  going out like Ron DeSantis, Vivek Ramaswamy, RFK Junior
• 40:23
  saying I'll protect your right to self custody.
• 40:26
  What they're doing is wrong. They're trying to launch the
• 40:28
  CBDC. Like, at what point can you get
• 40:32
  to and say, listen guys, I'm not a fucking conspiracy theorist.
• 40:37
  There's so much evidence that points to the fact that they
• 40:40
  just don't like this thing because it replaces It takes
• 40:44
  away their privilege of being able to create money for free
• 40:49
  that everyone else has to work for.
• 40:51
  And that is how they bankroll their entire thing, right?
• 40:56
  Like, how can you not get to that conclusion?
• 40:59
  It is common sense. I think.
• 41:01
  Opti, we've given them so much benefit of the doubt over the
• 41:05
  last year. I felt guilty even claiming,
• 41:08
  like, I can't, there's no way that they're doing, they're
• 41:11
  doing this so maliciously. And then Kaitlyn Long came on
• 41:15
  and she says she's no, no, no. The order came directly from the
• 41:17
  White House. And then you see Kathy Wood,
• 41:19
  she's asking a rhetorical question.
• 41:20
  I know that she thinks what we think, but she's like, I don't
• 41:24
  understand it. They totally get it.
• 41:26
  They still don't agree with it. It comes from great roof
• 41:28
  straight from Genzer. At what point can you say that
• 41:32
  they're not approving the BlackRock Spot ETF for political
• 41:36
  reasons? At what point can you not say
• 41:38
  that? Because at this point, in my
• 41:40
  opinion and in the opinion of other bitcoiners, and in the
• 41:45
  opinion of non bitcoiners as well, I think this is extremely
• 41:49
  politically motivated for the reasons I mentioned.
• 41:52
  Anyways, Sir Ulrich, what are your what are your thoughts on
• 41:55
  this bro? Am I seeing shit that's not
• 41:57
  there, dude? Because like, this is driving me
• 41:59
  crazy because they're they're they're still playing the game
• 42:02
  of like no, no, no, no, we're we're still trying to check all
• 42:05
  the boxes. We're trying to make sure that
• 42:08
  there's no manipulation or anything nefarious or anything
• 42:11
  like that. I I I'm calling bullshit.
• 42:14
  I don't believe it anymore. I think you're right.
• 42:20
  I think that, but at the same time, this is their backyard,
• 42:25
  the ETF is the Fiat Systems backyard.
• 42:28
  They get to do, they get to work with the tools that they're
• 42:31
  given to work out their incentives and you really can't
• 42:35
  blame them. So if there's downward pressure
• 42:38
  on the market, if there's delaying pressure on the market
• 42:43
  knowing that? Floodgates will open into
• 42:47
  Bitcoin ETFs and not into some other type of financial vehicle.
• 42:55
  They're going to use time as much as they can as their ally.
• 43:01
  But the problem is, you know, and Durjiji said this years ago,
• 43:05
  a Bitcoin is time. So, so when you think about the
• 43:10
  halving the the imminent halving, in my opinion, I don't
• 43:13
  care what the interest rates are, I don't care what ETFs are
• 43:19
  coming down the pipe, I don't care what country is banning
• 43:23
  mining. The halving is proven to work
• 43:26
  against all different types of economic forces, and it pushes
• 43:32
  Bitcoin up and to the right. And so they can only delay it so
• 43:37
  much before they miss out. They the Fiat world misses out
• 43:42
  on their short term dollar gains because that's what they'll do.
• 43:45
  They're looking for dollar gains to arbitrage whatever is
• 43:48
  happening in Bitcoin, Kathy Wood says.
• 43:50
  They understand Bitcoin, then they see the metrics, They see
• 43:53
  the charts that the halving is highly correlated with.
• 43:59
  With a dollar, with a dollar upward movement against Bitcoin.
• 44:03
  So in my opinion, they're going to have to pull the trigger at
• 44:07
  some point for their own sake or let or they'll miss out on their
• 44:13
  own opportunities, which is April 21, you called it right
• 44:17
  there. It's going to be somewhere.
• 44:18
  The halving's going to be around there.
• 44:20
  A few months later, we're going to start to see dollar action
• 44:23
  with or without big institutional funding.
• 44:28
  Yeah, 100% Opti. I mean, I know you're going to
• 44:32
  go more hardcore on this than I am.
• 44:35
  So I'm just warning everybody, you know, Sir Ulrich and I, you
• 44:39
  know, wear velvet gloves like, hey man, you know, let's give
• 44:44
  them, let's, let's, let's, you know, maybe they're just
• 44:46
  uninformed and maybe they're just, you know, maybe they're
• 44:49
  just, I'm saving mine. For the culture, I'm saving
• 44:52
  mine. For the Yeah, there we go.
• 44:53
  Alright, but Nico, you already know me.
• 44:55
  I'm gonna make you. I'm gonna make you full screen
• 44:57
  this is. Yeah, great PSA, great context
• 45:00
  because you already know I am doubling down on this and it's
• 45:03
  something that I picked up very recently.
• 45:06
  It's the meme, you know, never underestimate your enemy.
• 45:09
  And whether we're in a kinetic war or not or just an
• 45:12
  information war, like they are actively working against
• 45:15
  Bitcoin. And in my opinion, again, this
• 45:18
  is my opinion and you know, you don't have to believe me, this
• 45:21
  is not the it's not a representation of simply
• 45:23
  Bitcoin. Gigi is compromised in my
• 45:26
  opinion. He taught a class at MIT about
• 45:28
  Bitcoin and blockchain. He's not stupid, but he can play
• 45:32
  stupid very well. Gigi, as in Gary Gensler.
• 45:35
  Gary Gensler? Yeah, you know our Gigi, not our
• 45:38
  Gigi. Yeah, Gary Gensler.
• 45:39
  Sorry, I forgot about Gigi. That was just initials Gigi.
• 45:43
  Gary Gensler knows what he's doing, in my opinion.
• 45:45
  Like, the question that we should be asking ourselves is
• 45:49
  who is Gary Gensler working for? Like, what are his incentives?
• 45:52
  And who is the person behind the scenes really pulling the purse
• 45:56
  strings because like. He knows what he's talking
• 45:59
  about. I've heard him talk about
• 46:01
  Bitcoin in the past. I've heard him say that Bitcoin
• 46:03
  is a superior asset, It's decentralized, it's
• 46:06
  uncontrollable, it's a commodity.
• 46:07
  So there should be a spot Bitcoin ETF.
• 46:09
  It should have been rolled out earlier than later, but of
• 46:12
  course they are trying to kick the can down the road as long as
• 46:15
  possible. And again, the question is, who
• 46:18
  is he playing cover for? In my opinion, it's starting to
• 46:21
  become clear that it is the big bank interest because they know
• 46:24
  what we know guys. If Bitcoin is proliferated, if
• 46:27
  Bitcoin takes over, if Bitcoin is synonymous with digital
• 46:31
  Internet money, then they are actively losing control and all
• 46:36
  they have is the monopoly on truth.
• 46:38
  All they have is basically gaslighting the average person
• 46:41
  out there. They're thinking that they are
• 46:43
  the trustworthy ones. So I no longer am naive and
• 46:46
  believe that the unproductive class doesn't understand
• 46:49
  Bitcoin. They absolutely do.
• 46:51
  But it will cost them too much to directly attack Bitcoin.
• 46:54
  It will trigger people. To wonder why they should
• 46:58
  embrace Bitcoin, because I thought Bitcoin was nothing.
• 47:01
  I thought Bitcoin was useless. And now we have, you know the
• 47:04
  biggest institutions in the world, the biggest government in
• 47:06
  the world attacking Bitcoin like it is something of extreme
• 47:09
  value. And again, we know the
• 47:11
  mechanisms that are going on here guys.
• 47:14
  It's all about the money. It's always been about the
• 47:16
  money. Why is the US in the position it
• 47:18
  is right now Is because it is the world reserve asset and they
• 47:21
  have the money printer do continue to print money?
• 47:23
  Towards things that you would probably disagree with.
• 47:26
  So what are they going to do? They're going to play cover with
• 47:29
  the institution so that Bitcoin doesn't become synonymous with
• 47:33
  freedom and they will do everything in their power before
• 47:36
  they actively attack Bitcoin directly.
• 47:38
  Because again, if there's a head on attack with Bitcoin, then it
• 47:42
  just goes to show what we keep talking about here.
• 47:44
  And I say it all the time, somewhat jokingly.
• 47:47
  That if a government bans Bitcoin, a government attacks
• 47:49
  Bitcoin. It just goes to show why you
• 47:51
  need a censorship resistant debasement proof money.
• 47:55
  This is where we are right now, so of course they have not
• 47:58
  approved a spot. Bitcoin ETF yet, because they
• 48:02
  need to get their ducks in a row, and further, they need to
• 48:05
  pack their bags. They're not dumb.
• 48:07
  They want to make profits just like everyone else, and so
• 48:09
  they're going to stack Bitcoin. They're going to try to delay
• 48:12
  this as much as possible, but again, they can only delay it
• 48:15
  for so long. So I'm just sitting here like I
• 48:19
  I'm no longer, I would say, naive about it.
• 48:22
  I'm no longer giving them the benefit of the doubt.
• 48:24
  I know Nico always tells me to give them the benefit of the
• 48:26
  doubt because I I really do believe in the in the meme of
• 48:30
  what you can attribute to malice, you can just attribute
• 48:32
  to stupidity. But now we have more and more
• 48:35
  proof that they understand exactly what is going on.
• 48:38
  So if that is the case, then you got to ask yourself what is
• 48:43
  their incentive? They are part of the beast, They
• 48:46
  are part of the great leviathan. So of course they're going to
• 48:48
  play cover for their business interests, which is the big
• 48:51
  banks. They're the lobbies, they're the
• 48:52
  ones that are paying their bills, they're the ones that
• 48:54
  made them into multi millionaires.
• 48:55
  So of course they're not going to just let Bitcoin run, they're
• 48:57
  not going to unleash a bull market on them unless their
• 49:00
  pack, their bags are packed. So they're afraid and they want
• 49:03
  to subvert Bitcoin. They want to stop the adoption
• 49:05
  of Bitcoin because we all know, at least this is what I always
• 49:08
  say the Bitcoin. Price is a real time metric of
• 49:12
  people's understanding of Bitcoin.
• 49:14
  If Bitcoin starts to rip and more people start to FOMO and
• 49:18
  more and more and more of the population starts to hold a
• 49:20
  little bit of Bitcoin, well then it's going to be harder for them
• 49:23
  to attack Bitcoin. It's going to be harder for them
• 49:25
  to roll out regulations that stop the adoption of Bitcoin.
• 49:28
  It's going to be harder for them to do what they did in UK or
• 49:30
  what Nico just covered yesterday of you know, do a litmus test so
• 49:34
  that you're smart enough to buy big O like what the hell is
• 49:36
  going on anyways? It's all to cover for Big Bang
• 49:39
  bit interests. It's the same game over and over
• 49:42
  and over again. 100 percent, 100% Opti.
• 49:44
  Completely unleashed. You know, I I have to velvet
• 49:48
  glove it. Dude.
• 49:50
  I'm. The crazy one here.
• 49:51
  I'm the conspiracy theorist. I am the chinfoil hat wearer
• 49:54
  here, but I am the voice. Of the average conspiracy Anon
• 49:58
  it? Sure it sure.
• 50:00
  You know what like to you know it it it look guys we've we've
• 50:05
  given them all like you know all shadow of a doubt with like we
• 50:12
  we've we've given that we we played that game for at least a
• 50:15
  year at least a year we were just like there's no way you
• 50:19
  know maybe they just don't know like and then you have Kathy
• 50:22
  Wood literally saying like yeah yeah they they knew like they
• 50:27
  know exactly what's what Bitcoin is and then that leads you to
• 50:31
  ask questions. So if they know exactly what
• 50:33
  Bitcoin is, what's truly the motivation?
• 50:35
  Anyways guys, before we move on to the culture, I want to give a
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• 51:58
  All right. So super excited for this one,
• 51:59
  guys. We coordinated this perfectly so
• 52:03
  that we can get Ulrich on the show as we drop the article for
• 52:06
  you guys and before the presidential elections in
• 52:09
  Argentina this weekend, so. Without going over this article,
• 52:13
  I'm just going to do the headline in the first sentence
• 52:15
  so that Ulrich can get the stage and he can go where he wants to
• 52:18
  go and drop some bombs on you guys.
• 52:21
  So this article here is on our sub stack
• 52:23
  simplybitcoin.substack.com and it's hyperinflation to hope
• 52:26
  Javier Malay's vision for Argentina.
• 52:28
  And I just want to read the first sentence here Ulrich
• 52:30
  because it's a great great context for the rest of the
• 52:34
  article. With each passing block, we inch
• 52:36
  closer to hyper bitcoinization, a state of existence where the
• 52:39
  world recognizes Bitcoin as the art.
• 52:42
  Or Apex Monetary System. Absolutely love it Ulrich.
• 52:46
  Great read. So where do you want to take
• 52:48
  this? What?
• 52:49
  Where? What's what's top of mind for
• 52:51
  you here? But by the way, before we get
• 52:53
  into that, I want to give the the headline of the article for
• 52:56
  our audio listeners is called Hyperinflation to hope Javier
• 52:59
  Malis Vision for Argentina. Yeah, right on, guys.
• 53:05
  Hey, I, I appreciate you guys having me on again.
• 53:08
  You know, this this piece was important to me because it
• 53:11
  allows me, you know, Terrence said something yesterday.
• 53:14
  It's like you write about what you want, where you want to go,
• 53:18
  where you want, what you want to learn about.
• 53:20
  And of course he wrote about Bitcoin, even though he probably
• 53:24
  knew less about Bitcoin than he did acting or real estate.
• 53:27
  A great, great episode you guys had yesterday.
• 53:31
  And so in the same vein, I wrote about Javier Mali because I
• 53:35
  wanted to know more about global economics, global international
• 53:39
  politics, what central banking does to other countries besides
• 53:44
  ourselves. And as we always say this, you
• 53:47
  know the dollar, the dollar is generally.
• 53:51
  You know we call the dollar a shit coin.
• 53:53
  We call the dollar, you know, toxic for for people but
• 53:57
  relatively speaking to the other currencies out there, whatever
• 54:00
  peso you want a ruble, a Wan, they are it.
• 54:05
  It's it's relatively stable. It's solid.
• 54:08
  It's it's it's strong. And you can tell that because
• 54:11
  who runs the world where all the where all the military is going
• 54:15
  where? Who gets to dictate who gets to
• 54:17
  spend what? And so generally speaking, going
• 54:21
  back to the to the article I'm looking at or going back to the
• 54:24
  focus of the article, Javier Mali is like this Libertarian
• 54:27
  candidate who was always working within the, you know, the, the
• 54:33
  political, you know, hierarchy of Argentina.
• 54:36
  And now all of a sudden he has this, this movement where he's
• 54:40
  the leading candidate to be the next president.
• 54:44
  And this is coming to a shock to mainstream mainstream people,
• 54:49
  mainstream narratives, mainstream media sources.
• 54:53
  And they're looking to throw all different types of things at at
• 54:56
  him. And you guys use the term law
• 54:58
  fair you guys talked about? The the inflation, I'm sorry,
• 55:04
  the tax the the, the taxation cancellation across the country
• 55:11
  two months before the the election.
• 55:13
  So ironic that he was actually one one of the people or he he
• 55:17
  on his platform he said we're going to reduce 90% of all
• 55:22
  taxation on all people. So when you think about all
• 55:25
  taxation, sales tax, income tax. Everything 90% of what you're
• 55:29
  used to paying taxes on is out the window.
• 55:33
  His goal, his goal is to be a monarchist and I think that's a
• 55:37
  camp that I find myself in which will basically except for.
• 55:43
  Police, courts, military, you're we expect private society,
• 55:50
  private industry, natural order to rule, society and so.
• 55:57
  How does he intend to do that? Well, the only true way to do
• 56:00
  that is to eliminate the ability for governments, for near
• 56:08
  government entities, major corporations, large agencies to
• 56:14
  you have to take away their ability to make things happen
• 56:17
  without without value added into society.
• 56:21
  And that means you have to, you have to demonetize, you have to,
• 56:24
  you have to castrate essentially central banking because as long
• 56:28
  as there is a central bank, you guys use it.
• 56:33
  I'm I'm loving that I can resource your Guys episode from
• 56:37
  from yesterday, but with Terence's Terence's analogy
• 56:41
  about the pizza. And how the government comes in
• 56:44
  and makes smaller the the whole pizza is always one pizza, no
• 56:48
  matter what, as long as you But the government can come in and
• 56:50
  take a knife and cut those slices up.
• 56:53
  They're doing that and saving themselves the the true value of
• 56:59
  their slice while giving you the NUM, the numerical value of your
• 57:03
  slice. You get one slice, but they get
• 57:06
  that 25% of the calories and so. If you take away the central
• 57:12
  bank, what are they left of? What are they left with?
• 57:15
  Well, they're left with some other type of money, but they
• 57:19
  aren't able to enact their own. They, the government, the elite,
• 57:24
  they aren't they. They can't enact their own
• 57:27
  incentives without providing work, without providing value to
• 57:33
  to the economy. And so I was like, I can go on
• 57:36
  and on about all the different things that he that he.
• 57:41
  Was suggesting whether it's talks about economics, whether
• 57:44
  it talks about whether it's talking about schooling, whether
• 57:49
  it's talking about talking about open trade agreements, taking
• 57:52
  away all the tariffs, the taxations that essentially
• 57:56
  infringe on open and and and free value creating in society.
• 58:02
  But I would say that it's better to read the book.
• 58:05
  I mean, I'm sorry, read the article and we can have more of
• 58:08
  a conversation about it. We can talk about other
• 58:11
  questions OPTI, but yeah, I I just think that where he's
• 58:16
  leading Argentina is a place that centralized authorities
• 58:22
  IMF, the United States is deathly scared about because.
• 58:29
  They as AG 20 nation, they're going to establish an example of
• 58:33
  what happens when you don't need a government currency to exist
• 58:40
  and when they lose, when they lose their Argentinian peso, the
• 58:43
  dollar is and the dollar comes into the nation, Bitcoin comes
• 58:47
  into the nation. He was talking about having a
• 58:49
  basket of currencies to have their economy.
• 58:52
  The euro comes into the nation. Everyone's going to look at each
• 58:55
  one of those currencies for the first time ever, essentially,
• 58:58
  and they're going to say, what benefit do I have of holding
• 59:01
  this unit versus that unit versus that unit.
• 59:04
  Bitcoin's going to be able to compete as freely as it's ever
• 59:08
  been in an economy when it comes down to a medium of exchange.
• 59:12
  And over time, I'm almost certain that Bitcoin is going to
• 59:17
  win that open and free competition.
• 59:20
  We've had fascism when it comes down to how people spend, save
• 59:26
  and and utilize money. In the past, there's always been
• 59:31
  these inhibitors laws. People go to jail in Nigeria if
• 59:34
  you're found holding a dollar bill in your pocket.
• 59:37
  These are the kind of things that.
• 59:40
  It enabled Bitcoin to win, and it's important to know that
• 59:43
  Bitcoin doesn't need laws to protect it.
• 59:45
  People need laws to protect them from criminals, and the greatest
• 59:50
  criminals we have right now are central bankers, because they're
• 59:53
  the ones that are enabled to steal without any repercussion,
• 59:58
  and they're lawful thieves. And that's the worst.
• 1:00:02
  That's the worst kind of them all.
• 1:00:04
  So I'll stop for a minute and we can talk.
• 1:00:05
  We can talk back and forth, dude.
• 1:00:07
  First of all, Ulrich, by the way, thank you so much for
• 1:00:11
  coming on guys. If you want to check out the
• 1:00:13
  article, it is LinkedIn, the video description highly highly
• 1:00:17
  recommended. And you said something that
• 1:00:20
  really struck A chord, right? Which is when people are going
• 1:00:23
  to get exposure to alternatives, and those alternatives are just
• 1:00:28
  better. It starts to make you question
• 1:00:31
  why wait, wait, why? Why am I?
• 1:00:34
  Why am I being forced to use the money that steals from me?
• 1:00:37
  And remember, that question is being forced upon the Argentine
• 1:00:42
  population out of necessity. Because when you're dealing with
• 1:00:46
  100% inflation, you are. You have to ask the question,
• 1:00:52
  what is money? Because it's a matter of life
• 1:00:55
  and death. It's a matter of whether I can
• 1:00:58
  or I cannot put food on the table for my family.
• 1:01:02
  But this question of what is money is going to be a question
• 1:01:07
  that everyone worldwide is going to eventually ask.
• 1:01:11
  Why? What is money?
• 1:01:14
  Why are we being forced via legal tender laws to use a money
• 1:01:19
  that is designed to decrease in purchasing power over time?
• 1:01:24
  Imagine if you were used to Imagine if you were forced to
• 1:01:28
  use a shit coin at the point of a gun under the threat of
• 1:01:32
  violence. That is what governments are
• 1:01:34
  doing with Fiat currencies. They're forcing you to use money
• 1:01:40
  that is devaluing your work, your energy and your time.
• 1:01:44
  And that is the reality. That is what inflation is.
• 1:01:49
  And if you really want to know. Like because, look, they do not
• 1:01:56
  have an explanation for inflation.
• 1:01:59
  The IMF released a video the other day.
• 1:02:01
  We played it for you guys. The production quality was
• 1:02:04
  through the roof. They got, you know, this lady,
• 1:02:07
  she was extremely well spoken. I think it was in in a reaction
• 1:02:12
  to like OPTI, you know, doing simply Bitcoin.
• 1:02:15
  Chrissy's like, we got to get someone on there and like, just
• 1:02:18
  rebuke that, but. They blamed the pandemic.
• 1:02:23
  They blamed people asking for for more money.
• 1:02:26
  They blamed the supply. It's like they blamed everything
• 1:02:30
  and anything but the money printing for the cause of
• 1:02:34
  inflation. They are the reason the
• 1:02:37
  government spending money they don't have is the reason that
• 1:02:42
  the currency is debasing right and what governments are
• 1:02:46
  supposed to be for. And I think Ulrich you you
• 1:02:49
  really you really like. I I I think this article really
• 1:02:53
  highlight is like governments are supposed to be by the
• 1:02:55
  people, for the people. But what Fiat currencies has
• 1:02:58
  enabled is that governments are truly for the government, by the
• 1:03:03
  government. If we do not separate money from
• 1:03:06
  state, politicians will never be incentivized to do good by their
• 1:03:11
  constituents, by the people that they're supposed to be
• 1:03:13
  representing. They are more concerned with.
• 1:03:18
  Their privilege. The privilege of being able to
• 1:03:20
  create money for free that everyone else has to work for.
• 1:03:23
  Anyways, Opti, there was a couple interesting charts and
• 1:03:25
  graphics in that article that I that I kind of want to just
• 1:03:29
  review and just, you know, pick Sir Ulrich's mind on right.
• 1:03:33
  Here's the USD and Argentine peso exchange rate.
• 1:03:39
  Dude the It's like, holy cow man, these numbers.
• 1:03:42
  Here, these numbers here and the inflation it it's absolutely
• 1:03:46
  ridiculous. But Ulrich, you you take the
• 1:03:48
  yeah, you know The funny thing about this is that I didn't
• 1:03:50
  even. I'm an engineer by trade.
• 1:03:52
  I didn't even want to try to figure out the final value of
• 1:03:56
  what this is. I looked at the the value on
• 1:03:59
  Wikipedia. I think they tried to put the
• 1:04:01
  the final product after after many multiplying and I was like
• 1:04:07
  I don't believe it. I tried to verify it.
• 1:04:09
  I'm like I think my math is off it just goes to show how and
• 1:04:12
  this is against this is this is inflation against the US dollar.
• 1:04:17
  So that's assuming the US dollar is stable and solid as a rock
• 1:04:20
  essentially treating the US dollar as Bitcoin.
• 1:04:25
  And so when you Scroll down a little bit that was that was
• 1:04:29
  there's two charts. So that one is I forget if
• 1:04:32
  that's the long term. Oh, no, there.
• 1:04:34
  I thought I had two charts up there.
• 1:04:35
  But essentially what you have is that one right there talks about
• 1:04:39
  the inflation that we've just seen from since central banking
• 1:04:42
  has come into the United States Federal Reserve and essentially
• 1:04:46
  3000. I think we had someone had a
• 1:04:49
  Bitcoin. Someone in Bitcoin.
• 1:04:50
  Twitter had a tweet about hey, we finally reached 3000%
• 1:04:54
  inflation. Woo Hoo.
• 1:04:55
  I was right around the time I wrote this.
• 1:04:56
  This one is 2988 or something. But when you think about that,
• 1:05:01
  the the Argentinian peso has inflated hundreds of times
• 1:05:06
  against a currency that is already inflated 3000 times.
• 1:05:11
  And we complain about our inflation, you know, oh, you
• 1:05:15
  know, gas wasn't what it was, wasn't what it used to be.
• 1:05:18
  And when you think about that for potentially four times in
• 1:05:21
  someone's life, that your money that you save, that you work
• 1:05:26
  hard, you're just an honest, you know, wage earner.
• 1:05:30
  And that you go maybe four times in your life that they're that
• 1:05:34
  the central bank, the government comes back and says we're going
• 1:05:36
  to give you a new unit of currency for which to use.
• 1:05:41
  And it's going to take a large chunk of the the, the buying
• 1:05:45
  power out of your pocket. But trust us, bro, you're going
• 1:05:49
  to be good. And then eight years later we're
• 1:05:53
  going to do it again and then 20 years later we're going to do it
• 1:05:56
  again. It's no it's it's not surprising
• 1:06:02
  that the person that Javier Malay is has resulted in, has
• 1:06:09
  has come about in Argentina. And we've always we talk about
• 1:06:13
  you know, good times create, you know, you know soft, soft
• 1:06:16
  PeopleSoft people create you know, hard times hard times that
• 1:06:20
  that whole cycle. Argentina has experienced the
• 1:06:24
  hardest economic times relatively speaking.
• 1:06:27
  You know there's a lot of other countries like that but amongst
• 1:06:30
  the hardest of economic times for the wage earners for the
• 1:06:33
  honest people. You can't say the same for the
• 1:06:35
  political class, for the elite class.
• 1:06:37
  But for the honest, the regular working people, they've
• 1:06:41
  experienced the hardest times. The result is Javier Malay and
• 1:06:44
  what do you see? Shout out to Reston for his
• 1:06:46
  great video that inspired a lot of my writing.
• 1:06:50
  But it's like you see him, you know, hitting a central bank
• 1:06:54
  with pinata, you know, blindfolded.
• 1:06:56
  You see him cussing liberals out and left us out and saying we're
• 1:07:00
  better than them intrinsically. And it's wild and it rubs people
• 1:07:04
  the wrong way. There's a point in my in my in
• 1:07:07
  my article that talked about political correctness and to
• 1:07:11
  quote myself, our most recent trend in politics and culture in
• 1:07:15
  the West. It's to value saying the
• 1:07:18
  politically correct thing everywhere, above everything, do
• 1:07:22
  no harm to another's feelings, has been an extension of the
• 1:07:25
  Hippocratic Oath taken by all the self-proclaimed
• 1:07:29
  psychologists to force everyone to smile while their ability to
• 1:07:33
  pursue prosperity is being suffocated.
• 1:07:35
  So we all want we the normie population, We all want our
• 1:07:42
  politicians to make us feel good while the world is burning up
• 1:07:46
  around us. And Javier Malay is one of these
• 1:07:49
  politicians that essentially is saying like, what he what he's
• 1:07:54
  what he's being incriminated for.
• 1:07:57
  Don't save your money in the peso.
• 1:08:00
  Don't trust the government. I'm going to help you dismantle
• 1:08:04
  the government. And it's it's this situation
• 1:08:09
  where if we have more politicians like that, we may
• 1:08:11
  have more and a better idea of what the world is truly like.
• 1:08:16
  But as long as the politicians who control the propaganda,
• 1:08:19
  control the megaphone, continue to say all is well, people who
• 1:08:24
  are working 8 hours, 10 hours, 12 hours a day, they don't have
• 1:08:27
  time to sit and read and say, well, let me let me verify what
• 1:08:31
  you're saying. A lot of them they they need to
• 1:08:33
  trust those people. And if there's any politician
• 1:08:36
  that you kind of need to trust right now, all relatively
• 1:08:39
  speaking we we don't trust we verify bitcoiners.
• 1:08:42
  But Javier Malay is the closest thing to a politician that we
• 1:08:45
  can trust. And if he if he goes about what
• 1:08:48
  he intends to do, I think it's going to create a wave, almost
• 1:08:52
  like a popcorn effect of political movements all over the
• 1:08:57
  world that are successful political movements.
• 1:08:59
  Not the libertarian that says we're not.
• 1:09:02
  We're going to vote for a guy who gets 1% of the vote.
• 1:09:04
  And just to show that we don't, we don't trust anything.
• 1:09:07
  We're potentially looking at possibilities where libertarians
• 1:09:11
  and people who don't agree in false money and fake money that
• 1:09:17
  they do win out on popular votes.
• 1:09:20
  They do place themselves in positions of power, and they use
• 1:09:24
  that power not to enrich themselves.
• 1:09:28
  But they say with this great power in my hand right now, I'm
• 1:09:32
  going to essentially cast it into hell and for people to not
• 1:09:38
  never to use again. Or if they want to use it,
• 1:09:40
  they're going to have to spend years building it back up.
• 1:09:43
  And that's the kind of thing, a world in which Bitcoin can
• 1:09:47
  prosper when you don't have these forces pushing against
• 1:09:54
  Bitcoin, pushing against good, honest economic value creation.
• 1:09:59
  This is so important. So I think that the stuff that's
• 1:10:01
  happening in Argentina is some of the most important things in
• 1:10:04
  the world. And I understand that there's a
• 1:10:05
  war going on. There's two wars going on right
• 1:10:08
  now. One has taken precedent over
• 1:10:10
  another because the other one is kind of old news.
• 1:10:13
  But things that are happening in Argentina in the next couple
• 1:10:16
  weeks, it's something that we need to be paying attention to.
• 1:10:20
  And I was looking at the polls that came out on October 2nd in
• 1:10:24
  our Argentina. And his his distance that he has
• 1:10:29
  above the conservative and the liberal candidate has tightened
• 1:10:33
  to the point where he's a, he's a a weak plurality leader.
• 1:10:38
  So it's going to come to a run off.
• 1:10:39
  And if those, if somehow through the inner workings of democracy,
• 1:10:45
  were to work against him, he could potentially lose a run
• 1:10:49
  off, which would be unfortunate. But these are the kind of things
• 1:10:52
  we have to watch for, we have to watch for and we have to pay
• 1:10:55
  attention to as bitcoiners, as libertarians, as people who want
• 1:10:59
  to stop. Central banking is so vital for
• 1:11:02
  for our history worldwide. In my opinion, 100.
• 1:11:05
  Percent I I think you you you hit the nail on the head, Sir
• 1:11:10
  Ulrich. I think that this movement is
• 1:11:12
  just beginning. I think it's going to spread.
• 1:11:15
  Like wildfire, right? This questioning the status quo,
• 1:11:20
  like seeking an alternative and we have to remember why someone
• 1:11:24
  who in terms of we talk about the concept of the Overton
• 1:11:27
  window a lot on this show, right?
• 1:11:31
  The idea, the things that this guy is saying is so completely.
• 1:11:38
  You know, in a way you can call radical.
• 1:11:40
  Of course, we're bitcoiners. We're, you know, we're Austrian
• 1:11:43
  economists. We believe in sound money.
• 1:11:44
  So for us it's just like, duh. But you know, if, if you would
• 1:11:50
  have had this conversation 5-10 years ago, you've been like,
• 1:11:52
  this guy's a madman. But they got pushed so much.
• 1:11:57
  You know, this is a country that has endured multiple They've
• 1:12:01
  endured hyperinflation multiple times.
• 1:12:04
  This is this is a country that has been bailed out by the IMF
• 1:12:07
  multiple times. Listen, there's a reason El
• 1:12:10
  Salvador elected Nayeem Bouquet. There's a reason El Salvador
• 1:12:13
  made Bitcoin legal tender. They endured a 30 year war.
• 1:12:18
  They were sick and tired of the status quo.
• 1:12:21
  People wanted change and look how much the established order
• 1:12:26
  resisted that change. Which told me that was over the
• 1:12:29
  target and everything. That they projected onto Naim
• 1:12:34
  Bouquelay. They are.
• 1:12:36
  They were guilty of themselves and it turned out to be total
• 1:12:40
  bullshit. And they went to Argentina and
• 1:12:43
  they said Argentina, listen, we're going to give you a
• 1:12:46
  bailout. This was before.
• 1:12:48
  This was before hyperinflation, by the way.
• 1:12:50
  We're going to give you a bailout, but you have to de
• 1:12:51
  incentivize the adoption of Bitcoin.
• 1:12:53
  They said that if El Salvador adopted Bitcoin, it was going to
• 1:12:57
  be the end of El Salvador. That's what they said.
• 1:13:02
  The exact opposite of what they said was going to happen,
• 1:13:06
  happened. They were wrong.
• 1:13:08
  The IMF was wrong. They were wrong about Argentina.
• 1:13:11
  They were wrong about in Salvador.
• 1:13:13
  So it takes common sense and I think people are waking up.
• 1:13:17
  I think so Rick, you you hit the nail on the head.
• 1:13:20
  If this guy gets elected, and I think he has a really good shot
• 1:13:23
  at getting elected, it's going to prove to the world that holy
• 1:13:27
  cow. There's an alternative way and
• 1:13:30
  that alternative way is better than the way that we're being
• 1:13:34
  force fed because we're being we've been told guys it's this
• 1:13:38
  way, it's this or the way or the Hwy.
• 1:13:40
  Central banking is necessary. Fiat money is necessary.
• 1:13:45
  Inflation is a fact of life. Without it, the world is going
• 1:13:48
  to spontaneously catch on fire and the the oceans are going to
• 1:13:52
  boil, right? That's why there's doing
• 1:13:56
  everything and anything law fair, changing the rules,
• 1:13:59
  changing the laws to stop this guy from getting into power.
• 1:14:03
  Because the moment he gets into power, there's no amount of
• 1:14:07
  spin, representation or propaganda that will be able to
• 1:14:12
  hide the undeniable fact that what the guy was saying was
• 1:14:15
  true. And that's exactly what happened
• 1:14:18
  in El Salvador. And now they're pushed into a
• 1:14:21
  fucking corner and they don't know what to do.
• 1:14:24
  El Salvador paid back the debt that they owed.
• 1:14:28
  El Salvador's economy is booming 90.
• 1:14:31
  He's the most popular president in all of the Americas, and
• 1:14:35
  crime is down to a record low. El Salvador is safer than a lot
• 1:14:41
  of large American cities and American politicians, the one
• 1:14:46
  that accused Nayan Bukele of corruption.
• 1:14:50
  Got charged with motherfucking corruption.
• 1:14:53
  They found fucking gold bars in his trunk.
• 1:14:56
  Like, come on, you can't write this shit if you wanted to.
• 1:15:00
  So yeah, this is we're breaking free.
• 1:15:03
  Freedom is on the fucking rise. It's amazing to see we're going
• 1:15:07
  to beat these monetary demons, the unproductive class.
• 1:15:11
  And Bitcoin is our tool. Bitcoin is our weapon.
• 1:15:14
  Bitcoin is our life raft for for freedom and salvation, man.
• 1:15:18
  So yeah, dude, you really got me riled up.
• 1:15:20
  Sorrow, you gotta come on the show more often.
• 1:15:23
  But hold on, hold on. Here's some sound effects for
• 1:15:26
  Ulrich and Nico. Cool.
• 1:15:29
  Motherfucking boy. Okay.
• 1:15:33
  So, Opti, what's your take on this?
• 1:15:35
  And we'll hit the memes. Well.
• 1:15:37
  I mean, you guys covered it great.
• 1:15:39
  I'm really glad that Ulrich kind of touched on the very end of
• 1:15:42
  the Hard Times Create Strong Man meme, because that was one of
• 1:15:46
  the things that I kind of took away from your article the most
• 1:15:48
  is that if you ask just the average person.
• 1:15:53
  To listen to what, I don't know, Malay is saying or even Bokele
• 1:15:57
  is saying, it may seem very just like outside the Overton window.
• 1:16:01
  It seems crazy. It seems like, whoa, like, how
• 1:16:03
  could we even get there? Like, how is this even a a a
• 1:16:06
  viable solution to the problem? And then when you really lay out
• 1:16:10
  the problem like you did throughout the article, it's
• 1:16:12
  like this isn't like an extreme thing.
• 1:16:14
  It's just the inevitable next step.
• 1:16:15
  And it's literally like. Goes from ABC to Z and it it's
• 1:16:20
  not as extreme as it sounds and if you haven't been put in a
• 1:16:23
  position like these countries have, then you really don't
• 1:16:26
  understand what it will take to actually turn their country
• 1:16:28
  around. And and you know I there's a
• 1:16:31
  quote you did Ulrich does something like you don't need a
• 1:16:34
  philosopher king or you know a a Stoic leader to see that these
• 1:16:38
  are the solutions. This is just a pragmatic outcome
• 1:16:43
  of. Your currency being
• 1:16:44
  hyperinflated, you being under the boot of the IMF and it's
• 1:16:48
  really just Pratt. It's it's a pragmatic solution
• 1:16:51
  to the problem. It is find a better currency get
• 1:16:55
  on the Bitcoin standard find solutions to the the financial
• 1:16:59
  problems that your world is having and and basically get off
• 1:17:02
  of that, you know heroin drip of debt coming from the world
• 1:17:05
  banks. And it it's might sound crazy, I
• 1:17:08
  know he's got some crazy sound bites out there, but.
• 1:17:11
  It seems like the Argentinians are really following what he's
• 1:17:16
  saying. He's tapped into the zeitgeist
• 1:17:17
  of the popular consciousness. And you know, if if things do
• 1:17:21
  get worse, it's going to get, I think, a lot crazier and people
• 1:17:24
  are going to be very blindsided what what's to come?
• 1:17:27
  And and hopefully it doesn't get as crazy as it can.
• 1:17:30
  So we'll see what happens on what Sunday.
• 1:17:33
  I believe the elections are on the 22nd.
• 1:17:35
  So we'll see. This is the first round.
• 1:17:37
  We'll see what happens. And and also, Ulrich, I really
• 1:17:39
  like how you said, you know, this is.
• 1:17:41
  In my opinion, also one of the most important things to be
• 1:17:43
  going on in the world. I think the wars are a
• 1:17:45
  distraction and it's always about distracting away from the
• 1:17:48
  money. They don't want you to get down
• 1:17:50
  the trail of the money. And now we have 2 wars on the
• 1:17:54
  money. One where another country's
• 1:17:55
  trying to usher in the Bitcoin standard and then you know the
• 1:17:58
  opposite, which is the US wondering what the hell is going
• 1:18:01
  on with their world reserve currency status.
• 1:18:04
  And you can add bricks in that. It's all about the money, guys.
• 1:18:06
  It's all about the control of the money.
• 1:18:08
  And we're seeing that this is happening in real time.
• 1:18:10
  So don't get distracted out there.
• 1:18:12
  Go back to the money. Go back it's.
• 1:18:15
  It always it just, it just comes down to the money, man.
• 1:18:18
  That's literally what it is. Awesome.
• 1:18:20
  Well Ulrich, thank you so much for coming on to the culture
• 1:18:22
  drop in your hot fire. Guys.
• 1:18:24
  Check out the article in the video description.
• 1:18:27
  You could also check it out on Simply Bitcoin sub stack.
• 1:18:30
  And check out so Ulrich's Twitter 'cause he's dropping
• 1:18:33
  some hot articles, you know, everywhere.
• 1:18:35
  He's sprinkling in the all over the place.
• 1:18:38
  So definitely follow this man. Consider him a dear, dear friend
• 1:18:41
  and also the Michael Jordan of Bitcoin 'cause he's got some
• 1:18:45
  skills. All right everybody, let's hit
• 1:18:47
  the meme review. Let's do it.
• 1:18:54
  The Daily Meme Review. All right, boys and girls.
• 1:19:02
  Mainly boys, but some girls. This is the meme review where
• 1:19:05
  you guys send us memes. Tag me on Twitter at Simply
• 1:19:09
  Bitcoin TV or at Optimus Fields. Don't just tag your own memes.
• 1:19:13
  Tag your favorite memers and I will bring them on the show of
• 1:19:17
  course. Also drop them in our telegram
• 1:19:18
  group. T dot me slash Simply Bitcoin
• 1:19:20
  TVI. Look for memes in there every
• 1:19:23
  morning anyways. Tweets of the bullets, memes of
• 1:19:25
  the artillery. You are in an information war if
• 1:19:27
  anything has become clear to you throughout this year of watching
• 1:19:32
  this show. It should be that you are in an
• 1:19:35
  information war. You are the frontline soldiers.
• 1:19:37
  I've said it before. In the past it might have seemed
• 1:19:39
  hyperbolic, but World War Three is an information war guys and
• 1:19:42
  they are bombarding you with noise so that you forget the
• 1:19:44
  signal. So get the cause of action out
• 1:19:47
  there. Ridicule the corporate press.
• 1:19:48
  Make some funnies to make your friends laugh.
• 1:19:50
  Make sure you are spreading that Bitcoin signal.
• 1:19:54
  Anyways, 1st meme is by AT Mitchell Hodel and I absolutely
• 1:19:57
  love this one. That's one.
• 1:19:58
  Hilarious and he goes breaking coin.
• 1:20:00
  Telegraph social media intern headshot leaked and it's easy
• 1:20:04
  with like the the nose and mustache.
• 1:20:06
  Glasses on it Wait a second is that is.
• 1:20:10
  That the intern is that? Is that the It's that the intern
• 1:20:13
  at Coin Tea? It looks like the IT.
• 1:20:15
  Looks like the intern at Quintal.
• 1:20:17
  I can't tell. I can't tell.
• 1:20:19
  Was CZ the intern? I mean, what?
• 1:20:21
  What's going on that actual? Picture of him though, He's like
• 1:20:24
  smirking like he's doing something like this, like the
• 1:20:26
  real one, he's like. Like it is awfully suspicious.
• 1:20:30
  I gotta say, it's awfully suspicious.
• 1:20:32
  Oh man, alright, we've used. That one in thumbnails and it's
• 1:20:35
  just great. Like it's the best.
• 1:20:36
  It's the best facial expression. Anyways, awesome.
• 1:20:39
  Next one is by Steven Lubka. I'm never.
• 1:20:42
  I can't. I don't know what your AD is.
• 1:20:44
  Does Zambala huddle? I forget what that is.
• 1:20:47
  He goes BRB flying to quality and we have.
• 1:20:50
  I forget what the movie is. You know Captain whatever.
• 1:20:53
  Where the Captain Phillips? Yeah, the Somali pirates like,
• 1:20:56
  look, I am the captain now. Well look Bitcoin.
• 1:20:58
  Look at me. I am the flight to quality now I
• 1:21:01
  am the risk off asset. Oh my godness.
• 1:21:03
  It's almost like we've been saying this for a while.
• 1:21:05
  All right. Next one is by rope.
• 1:21:06
  I mean, he goes, the American economy is doing extremely well.
• 1:21:09
  Quoting Secretary Janet Yellen and we got Janet Yellen here.
• 1:21:14
  And looking at the national debt, close to $34 trillion.
• 1:21:20
  Man, it's almost like it's a healthy economy.
• 1:21:21
  It's almost like this is the the best economy in the world.
• 1:21:24
  It's almost, I'm not even going to say it.
• 1:21:26
  It's almost like it's working, guys.
• 1:21:28
  It's almost like it's working by design.
• 1:21:29
  All right. Next one by BTC therapist.
• 1:21:31
  I'm pretty sure this is an old one, but it's fitting for today.
• 1:21:34
  And he goes, couldn't have done it without you Hashtag BTC.
• 1:21:37
  And it goes the Bitcoin marketing team.
• 1:21:39
  And we got Janet Yellen. I guess this Carson.
• 1:21:41
  We have Elizabeth Warren. We have Chrissy Lagard.
• 1:21:44
  Jerome Powell, my favorite politician.
• 1:21:46
  Brad Sherman, we have Jay. What's his name?
• 1:21:50
  Wow, how am I blanking on this? Jamie Dimon, Claus Schwab, and
• 1:21:53
  Gary Gensler. These are the Bitcoin marketing
• 1:21:55
  team. The more they push against
• 1:21:57
  Bitcoin, the more people will wake up to why they need
• 1:22:00
  Bitcoin. And they they're doing a better
• 1:22:03
  job than any of us marketers in Bitcoin have ever done.
• 1:22:06
  Because the more they push for a tyrannical dystopian future do
• 1:22:10
  you have like. Three.
• 1:22:11
  You have like 3 XS on that picture.
• 1:22:13
  It's a bingo card. I got the work.
• 1:22:17
  Did you? Got a Gustin Yellow?
• 1:22:19
  That's enough. That's enough.
• 1:22:20
  That's enough. That's enough.
• 1:22:22
  OK. Next you got to.
• 1:22:24
  Complete the cycle, bro. Like Jerome Powell.
• 1:22:27
  Jerome Powell is the top of the pyramid, bro.
• 1:22:30
  You nasty dog. OK, next meme is by Nico Sapo
• 1:22:34
  BTCAKA at Nico under score, Sapo Nico's This is how close
• 1:22:38
  humanity is to understanding that their governments are
• 1:22:41
  organized criminals. They're this close.
• 1:22:44
  This close. So close yet so far.
• 1:22:48
  I'm sure it'll take a lot. Anyways, next one is Greg, Zoj
• 1:22:51
  one and he goes. All these bitcoiners got a taste
• 1:22:53
  of what the bull market tastes like and now everyone's begging
• 1:22:56
  for another hit. Please Sir.
• 1:22:57
  More Pam. Please, Sir.
• 1:22:58
  Please Sir, more God candles. Please, please me, Familia.
• 1:23:03
  Welcome to what a bull run is going to feel like.
• 1:23:06
  You know, you huddle for years, You get called an idiot and
• 1:23:10
  insane. You're broke for what, 3 three
• 1:23:15
  years? Ten months and a few weeks and
• 1:23:19
  then it pumps for 12 weeks and you're a genius.
• 1:23:21
  It's coming. It's coming soon, I'm telling
• 1:23:25
  you. OK, next one is by Coin Father
• 1:23:28
  AKA at Mr. Awesome OB. And he goes, sorry, no spot
• 1:23:31
  Bitcoin ETF approval. Happy Halloween, Gary Gollum.
• 1:23:34
  And we got Gary Ganzer here as Gollum from The Lord of the
• 1:23:38
  Rings. All right, guys, drop your
• 1:23:42
  memory score on the other side of Nico as we cover ours.
• 1:23:45
  Oh man. Guys, if you wanna help support
• 1:23:47
  the show the number one thing you could do, not only share
• 1:23:50
  this content, but please buy our merch.
• 1:23:52
  You can scan the QR code on your screen.
• 1:23:54
  It'll take you directly to the Simply Bitcoin Merch shop.
• 1:23:58
  And Ulrich, we gotta send you some merch, bro.
• 1:24:00
  Fuck, we gotta send you merch brother.
• 1:24:02
  I don't get. That damn hat, Nico one.
• 1:24:05
  I cut all my hair. So I'm wearing hats now, man.
• 1:24:08
  You know what? I'm sending you this one.
• 1:24:10
  I'm sending you this one. I think that's what we gotta do.
• 1:24:13
  Sophie. Sophie, I'm gonna.
• 1:24:18
  If you send me that one, I'm literally, I'm gonna, I'm gonna.
• 1:24:20
  Send you this hat. It's literally the last one I
• 1:24:22
  have, but I'm gonna send it to you.
• 1:24:23
  I'm sending. You my address right after.
• 1:24:25
  I'm not. I'm not.
• 1:24:26
  A I'm not a hat person, so I'm gonna say, well, everyone out
• 1:24:29
  there showing that. That BTC sessions like Rd. thing
• 1:24:32
  man you need to I just do cut that off with a hat bro.
• 1:24:35
  Like like you know, you look, you look like a you look like a
• 1:24:40
  like a gangster right. Yeah, I.
• 1:24:41
  I didn't want to say. Yeah, a little.
• 1:24:43
  You look like TK actually, though she was not the Topsy
• 1:24:45
  cat. So it's like I use this.
• 1:24:47
  Stuff. I'm a Walker back in high?
• 1:24:48
  I don't think so. Dude, I got my hair like, it's
• 1:24:50
  cool. Like, all right, well, to
• 1:24:52
  everyone out there that isn't an influencer like Sir Olrich, we
• 1:24:56
  will get you guys some hats. We'll make sure the hats are
• 1:24:58
  printed. I get it.
• 1:24:59
  I get it. I get it.
• 1:25:00
  We'll get you the hats. But in the meantime, wine.
• 1:25:03
  We need to get the hats in the. Meantime, buyer merch or you
• 1:25:06
  know our our wine is. He's gonna whip us.
• 1:25:10
  He did, metaphorically. Pause.
• 1:25:14
  OK, anyways, yeah, what's my score?
• 1:25:19
  Is my score is yellow. Wearing a simply Bitcoin hat.
• 1:25:28
  Yellow gets to. Wear it before me, Jelly
• 1:25:31
  Believing. How to do that feeling?
• 1:25:36
  See, there you go. There you go.
• 1:25:39
  OK, that's that's my meme score. All right, my meme review score
• 1:25:42
  is I'm still at my dad's office, so I'm grabbing things off his
• 1:25:45
  desk and it is some Scotch tape. OK, OK.
• 1:25:51
  Are we sponsored by them? No, this is just tape.
• 1:25:54
  Sorry. Not OK, not that's.
• 1:25:56
  Scotch money, man, Can we do, can we do an ad?
• 1:26:00
  Wait, it's tape. It's tape.
• 1:26:01
  No, There we go. There we.
• 1:26:05
  Go. You got the message.
• 1:26:07
  All right, some tape. OK, and Sir Ulrich, what is what
• 1:26:12
  is your meme score? You know, I like to share.
• 1:26:15
  I'm a I'm a I'm a point guard. So I'm going to go ahead and
• 1:26:19
  share my trophy from the Pacific Bitcoin 3 on 3 Championship.
• 1:26:23
  I won't share my my stats reward for that, but I'll definitely
• 1:26:27
  share the trophy. So you guys are all winners in
• 1:26:30
  my book because I for sure as hell can't mean to save my life.
• 1:26:33
  So keep on representing that. You can't mean.
• 1:26:37
  But you could sure play basketball anyways.
• 1:26:41
  Money. Money.
• 1:26:42
  All right, well, guys, you know, it's that time in the show where
• 1:26:47
  you drop the score in the chat and we'll get, we'll review it.
• 1:26:51
  Remember guys, we ran out of time yesterday 'cause you didn't
• 1:26:53
  drop your scores quick enough. I think we gave him enough delay
• 1:26:56
  today. I think we gave him so.
• 1:26:58
  Opti, it's time for the epic music.
• 1:27:03
  All right, Sico 05 says his score is 1 Nerd miner from
• 1:27:08
  yesterday's show. OK, if you know you know Phil
• 1:27:12
  CI, give the memes a block party the day Janet Yellen resigns
• 1:27:18
  Bitcoin for Canadians. I give the memes feelings of
• 1:27:22
  being a genius for all bitcoiners very soon.
• 1:27:25
  Moon rocket ships. It will happen to you too, Bill.
• 1:27:29
  Russo I give the memes Max and Stacy visiting Malay after his
• 1:27:33
  victory Bitcoin Beacon 77. My score is the book Quote Proof
• 1:27:41
  of Money. Very nice, Terrence.
• 1:27:44
  Very, very. Nice Mr. Link 129 Opti's love
• 1:27:49
  for Lagarde. That's what I'm called for, all
• 1:28:00
  right. We That's the buzzer.
• 1:28:02
  All right? That's the buzzer shot clock
• 1:28:05
  violation. We're going to have to take over
• 1:28:07
  out of the game. All right, everybody.
• 1:28:09
  No, I'm just kidding. I had to make a bad a bad dad
• 1:28:13
  basketball joke. OK?
• 1:28:15
  I'm becoming a dad, and the dad jokes are coming.
• 1:28:18
  I'm. I'm preparing.
• 1:28:19
  I'm preparing for them anyways. Optis out of the game technical
• 1:28:25
  foul. It's fun.
• 1:28:26
  It's fun. It's a lot of fun.
• 1:28:28
  All right everybody, if you enjoyed the show, make sure to
• 1:28:30
  smash that. Like budding.
• 1:28:31
  Consider subscribing if you feel like we provided you value.
• 1:28:34
  But the number one thing you could do to help push the
• 1:28:36
  peaceful Bitcoin revolution is share all Bitcoin content.
• 1:28:39
  Don't be exclusive. Be inclusive through your
• 1:28:41
  favorite Bitcoin content creator.
• 1:28:43
  Share his content. Whatever floats your boat.
• 1:28:46
  And that's how we're going to get the orange signal out there
• 1:28:50
  also. Check out our awesome guest Sir
• 1:28:54
  Ulrich. He has his.
• 1:28:55
  We have his article in the video description.
• 1:28:58
  Sir Ulrich, thank you so much for joining us today.
• 1:29:00
  We really, really appreciate it. Why don't you tell everybody
• 1:29:03
  where they could find you on the interwebs and what you're
• 1:29:06
  working on these days? Thank you Nico.
• 1:29:08
  Thank you Opti. Got a lot of lot of stuff doing,
• 1:29:13
  whether it's the Declaration of Monetary Independence, trying to
• 1:29:15
  go multiple different conferences, belt of truth, sub
• 1:29:20
  stack. Intersection of Christianity and
• 1:29:22
  Bitcoin and Bitcoin ethics Sir ulrich.com my website where all
• 1:29:27
  my all my podcasts and writing appearances I need to and
• 1:29:30
  writing publications I need to update that.
• 1:29:33
  Bitcoin Ballers me and Q talking about nothing but big nothing
• 1:29:37
  but basketball. But with bitcoiners it's a great
• 1:29:39
  thing and and continuing to write and continue to see all
• 1:29:44
  you guys out there at events and I love you all.
• 1:29:47
  Thank you for having me. Thanks for coming, man.
• 1:29:49
  You're your friend of the show. You're always welcome.
• 1:29:52
  And you always bring that hot fire.
• 1:29:54
  Thank you. So, Eric, thank you so much for
• 1:29:55
  joining us on Simply Bitcoin Live.
• 1:29:57
  All right, guys, you know the deal.
• 1:29:59
  If you want to join the the the Twitter spaces, hopefully so
• 1:30:02
  Eric can join us, we're going to be hosting a Twitter space until
• 1:30:05
  2:00 PM Eastern Standard Time with our friends over at Swan
• 1:30:08
  Bitcoin. Best place to build your Bitcoin
• 1:30:10
  stack. Shout out to the best producer
• 1:30:11
  in the game, Producer Jacob. So you know, you could join us
• 1:30:15
  on Twitter Spaces and hang out. Opti's going to be holding it
• 1:30:18
  down for another like 1310 minutes or so.
• 1:30:20
  So it's going to be a show show short Twitter Spaces today.
• 1:30:24
  But feel free to jump in there and just hang around, ask your
• 1:30:27
  questions. Maybe Sir Ulrich makes a
• 1:30:29
  celebrity appearance, but until then guys, we'll see you
• 1:30:32
  tomorrow, 12:15 PM Eastern Standard Time for another
• 1:30:35
  episode of Simply Bitcoin Live. Peace out, y'all.
• 1:30:57
  I guess we went. We ran very long on today's
• 1:30:59
  show. You know, sometimes we got to
• 1:31:00
  give you that sauce, rewarding all you guys on YouTube, all our
• 1:31:04
  subscribers out there. So we'll go along.
• 1:31:06
  If you guys like it long, we'll pause.
• 1:31:08
  Wait. Hold on.
• 1:31:08
  Pause. Pause.