Latest / Simply Bitcoin / Can the Bitcoin ETF Take Bitcoin to $1M in 2024? | EP 895

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Can the Bitcoin ETF Take Bitcoin to $1M in 2024? | EP 895 · Simply Bitcoin

0:03
It's. All going to zero against
0:06
Bitcoin. It's going up forever.
0:16
You're against Bitcoin. You're against freedom.
0:20
Yo, welcome to another episode of Simply Bitcoin Live.
0:23
Your number one source for the peaceful Bitcoin revolutionary
0:26
code breaking news called Traumatic Warfare will be got
0:28
you be your guide through the separation of money and state.
0:32
Holy cow. Starting the year off strong.
0:36
A 3K pump from 42,000 to 45,000. Everyone is so excited about
0:42
this potential ETF approval. People are saying that it's
0:46
going to be approved January 5th.
0:48
People are saying that it's going to be approved January
0:50
10th, but what if it doesn't get approved at all?
0:53
And we're getting these crazy price predictions as well?
0:56
We have the legendary one and only Samsung now basically
0:59
saying $1 million Bitcoin. I know it sounds like pretty
1:04
crazy, like it sounds like absurd if you think about it.
1:07
But there is also other people that are saying are throwing out
1:10
these crazy price predictions as well.
1:12
I know, OK, let's talk about diminishing returns.
1:16
Everyone's saying, you know, it's a lot harder for Bitcoin to
1:19
like pump these magnitudes and this and this and that and blah
1:23
blah blah blah blah but that. But that's the theory.
1:25
Like that's the thing of this cycle.
1:28
Like I agree with American Hoddle.
1:30
I think people were so blue balled.
1:32
Forgive my language out of the last cycle, you know, due to the
1:37
China ban, I know everyone says it's the rehypothecation of of
1:40
FTXML, whatever. I really believe it's the China
1:43
ban that really cut the last cycle short.
1:47
But I think everyone has PTSD from that occurrence.
1:51
Like Bitcoin just hit 69 K people were expecting 100K that
1:56
I think. I think people like are like,
1:58
they internalize that and they're like there's no effing
2:00
way. But if we go back to 2017,
2:04
right, 2017, we went from like 1K to 20K, that's a 20X.
2:10
OK. So even if we do half of that,
2:13
even if we do half of what we did in 2017, I'm not saying that
2:18
we can, but let's say we do, let's run a thought experiment
2:22
from here. That's $450,000.
2:26
Maybe we would do a 5X. That's still a ridiculous, you
2:30
know, a a ridiculous multiples. So you know, I, I, I I think
2:35
that's the, that's the Achilles heel.
2:37
I think that's like the thing this cycle that is going to
2:41
catch people off guard. That's what my gut is telling
2:43
me. I think a lot of people are, a
2:46
lot of people are buying into the diminishing returns
2:50
narrative. I really see that, and if we
2:54
were to learn from previous cycles, and if we were just to
2:56
learn from things in general, Bitcoin does the exact opposite
3:01
of what everyone thinks it's going to do.
3:04
Last year people were saying, OK, the top is going to be
3:07
30K35K bada Bing bada boom, bitcoins at $45,000.
3:13
It ended the year with 44K, right?
3:16
For 42 or 43 K No one expected that.
3:19
No one expected these crazy, crazy rises from Bitcoin.
3:23
Now I understand it's an anticipation of the Bitcoin spot
3:27
ETF. Everyone is super hyped.
3:30
You have Larry Fink, you know, basically evangelizing Bitcoin,
3:35
saying hey, everyone's flying to quality.
3:38
Another thing as well, you had Jim Cramer.
3:40
I don't know if this is a good thing, a good thing, or a bad
3:44
thing, but Jim Cramer on CNNBC literally said you can't kill
3:48
Bitcoin This morning. We have the clip for you guys.
3:52
What world do we live in? Like, this is absolutely
3:55
bonkers. One thing's for sure though, I
3:57
feel really, really hyped about 2024 in Bitcoin terms.
4:01
I think this is going to be a phenomenal year for Bitcoin.
4:06
I'm really, really excited. But like always, guys, this is
4:10
simply Bitcoin after all. Not your keys, not your cheese.
4:15
So it's don't buy the ETF that's captured Bitcoin.
4:20
Buy Bitcoin, whatever exchange you choose.
4:22
Obviously we recommend our sponsor Swan.
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4:29
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It's very, very easy. So you have absolutely no
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excuse. Anyways, this is the first
4:47
episode of Simply Bitcoin 2024. I'm extremely I'm extremely
4:52
excited. I'm super, super hyped.
4:54
I I got my break. I got to spend some time on the
4:57
beach. It was delicious.
4:59
It was great. The water was cold, which
5:01
doesn't happen very often in Miami.
5:04
Usually it's like like the water's like hot, like Jacuzzi
5:07
hot, but like, I guess it's like winter and stuff.
5:11
Anyways, Opti, what do you do this break bro?
5:13
I did absolutely nothing and it feels good to be back.
5:17
Let's go boys. We're back and wait.
5:21
Can. I You're not in a You're not in
5:23
a closet anymore. What's happening?
5:25
Yeah, I'm no longer in my daddy's office.
5:27
And did you fly back? I'm back in the Stew.
5:29
I flew back last Wednesday. Did you fly back or did you walk
5:34
back? I should not walk back.
5:36
No, that's a long walk. I wouldn't.
5:38
I still wouldn't be here. But guys, hold on.
5:41
Before we start this show, can we acknowledge that Nico is
5:44
already being bearish on the first episode of Simply Bitcoin?
5:47
Couldn't be me. Can't relate, guys.
5:49
Maybe 1,000,000. A little high for this cycle but
5:53
I think it's good. I think people are absolutely
5:55
way too bearish out there and and this is a good thing shouts
5:59
out the vague because vague gets it.
6:00
So let me just read bakes comment real quick because this
6:03
is exactly what I think as well. He goes diminishing returns
6:07
narrative is wrong because network effects grow stronger
6:10
the larger Bitcoin gets which means it actually speeds up guys
6:14
and shouts out the CJ Constantinos.
6:17
I I always butcher his last name, but he's been saying that
6:20
diminishing returns theory works in a commodity money.
6:23
But what we're going to see moving forward is that everyone
6:27
is going to be using Bitcoin as the monetary instrument.
6:31
So it's going to change dynamics.
6:34
But hey, no one knows. All we know is 21 million hard
6:38
cap. All the world's wealth is going
6:41
to eventually get funneled into the 21 million hard cap.
6:44
And this is the way guys. So the point remains the same.
6:48
Make sure you're stacking, make sure you're taking your Bitcoin
6:51
into cold storage. And this is kind of what I'm
6:53
going to be talking about today. I'm I'm super glad we don't have
6:55
a guest today because I'm, I wanted to do this yesterday, but
6:59
we took a break. We're going to be get well, I
7:01
rather I'm going to be giving you my 2024 Bitcoin blueprint.
7:05
It's super simple guys. This is your goals for the year
7:08
moving forward. It's always the same goals but
7:11
we got to give you guys, get you guys heads on straight and make
7:15
sure. You guys are?
7:16
Stacking and know why you're stacking.
7:18
I I had way too many conversations with friends over
7:21
the holiday break and it just blew my mind how little my
7:26
friends and family are saving and This is why we Bitcoin is so
7:30
that you guys are saving in the best savings technology period.
7:35
So going to give you the basics and then all year long I'm going
7:40
to be reiterating the basics and making sure that every new
7:43
person that comes on to Bitcoin, simply Bitcoin rather and
7:47
Bitcoin in general knows what we're doing, why we do it and
7:51
how to succeed moving forward in the midway parts of the 2020
7:56
man, where, Nico, we're almost halfway through this decade like
8:00
absolutely crazy and Bitcoin's going to go nuclear.
8:02
I'm convinced it's going nuclear this year.
8:09
The chat's going crazy. Shut up to the chat.
8:11
It's. It's we miss you.
8:13
We miss you. Anyways.
8:14
Yeah, we did miss you guys. We did miss you guys a lot.
8:17
But simply bear cord. We hope, we hope, we hope.
8:21
Pull up, pull up that, pull up that comment.
8:23
We hope everyone had an amazing holiday season.
8:26
I hope everyone had time to relax, spend time with the
8:30
family. It was nice taking a break for
8:34
the first time in three years. I felt life coming back to me
8:39
after the third day. But I gotta say, I was I I I
8:42
really, really wanted to get back into the folds.
8:45
I really miss making content. And I really, I really missed
8:49
talking to you guys and hanging out with you guys.
8:51
So we're really, really happy to be back.
8:53
Guys. It's going to be a hell of a
8:54
show. Strap in, get ready.
8:57
Let's get to the numbers. Let's do it.
9:01
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At the time of recording, the Bitcoin price is 45,205 SAT's
10:54
per dollar. 2213 block height 824,036 blocks to having 15,964
11:04
having estimate April 19th, 2024.
11:07
Total Lightning network capacity 4945 Bitcoin capacity value 223
11:15
million U.S. dollars. Realize monetary inflation
11:18
continuing to take Fiat currencies to absolute school
11:22
1.75% Market cap of Bitcoin $885 billion almost at a trillion.
11:28
We are almost at a trillion ladies and gentlemen.
11:31
Bitcoin versus gold market cap 6.43 percent.
11:35
These stats right here, they're gonna go, This one's gonna go
11:38
down ever so slowly and this one hopefully goes up quicker.
11:43
But these are the types of things that we'll look back in
11:47
5-10 years and you're gonna see, man, you're gonna see this crawl
11:52
up and you're gonna be like, holy crap, we're at 75% of the
11:55
market cap of gold and it's going to feel really, really
11:58
good. I mean, for us, maybe not so
12:00
much for Peter Schiff. Anyway, Speaking of
12:02
capitulations, check this out. Jim Cramer, out of all people,
12:09
capitulated. He literally said on CNNBC this
12:13
morning, Shout out to the team over at Swan that was able to
12:17
capture it. And now it's making the rounds
12:19
all over Twitter, he says. You can't kill Bitcoin.
12:22
You don't believe me? Well, I'll play you the clip and
12:24
then we'll talk about it. And obviously it had a great
12:26
year last year. Yeah, we got that clearing event
12:29
of Sandbank and Freed going down and that seemed to make people
12:34
feel, you know what, we're safe And then the ETF, we continue to
12:38
endless ETF And yeah, look, I, I, it's very rare that I've ever
12:41
seen that this way. It's it could it be a waiting
12:44
for good. Oh, I mean, no, there won't be
12:46
an ETF. But I do think that the people
12:48
who are in it for that are going to use that as a chance to sell
12:52
this thing is you can't kill it. And the late Charlie Munger, who
12:58
was so brilliant on so many things, was blind to this.
13:03
Now you can say, wait a second, maybe it's all going to come
13:06
around. Has has not spared any negative
13:10
words. No, but look, I mean, it's a
13:13
reality and it's a technological marvel.
13:16
And I think people have to start recognizing that it it it's here
13:20
to stay. The SEC has been against it
13:22
almost the whole time. Yeah.
13:24
Now that doesn't mean that every one of these is here to stay,
13:26
but I do think that it's about this is a remarkable comeback.
13:31
That was unexpected. And except for for all the bulls
13:34
who turned out to be right, Gangster does a lot of
13:36
jawboning. It didn't work.
13:39
He wants people. He wants people to be in ones.
13:42
So, I mean, when you speak to him, he just wouldn't like
13:45
everybody involved to have to be like it's a registered security
13:50
and he failed. And I think even the Commodity
13:53
Futures Training Commission is not aligned with it.
13:55
All right. So I mean, like, like, what else
14:02
do you gotta say? I mean, like what else do you
14:04
gotta say? Like, we point out this
14:09
phenomenon all the time. We talk about bitcoins,
14:12
incentives, and everyone has bowed down to the king.
14:17
OK, you had a couple years ago, you had the CEO of BlackRock,
14:25
Larry Fink, saying this is not, this is isn't, this isn't any
14:28
good. It's only good for money
14:30
laundering. You had Kramer, who was a hyper
14:32
skeptic and now he's like, dude, you can't kill this thing.
14:38
If you can't kill it, if you can't beat your enemy, you got
14:41
to join your enemy. I guess that's the expression,
14:43
something along those lines. And I think that's what you're
14:46
witnessing here. I think you're seeing
14:47
capitulation, but if you've been here a minute, this is crazy.
14:52
It's my eighth year in Bitcoin. I could have never have imagined
14:59
all of this stuff that's happening if you would have told
15:02
me years ago, have things, you know, like whether it's Michael
15:08
Saylor taking a Bitcoin strategy on the public company level,
15:13
whether it's El Salvador making Bitcoin legal tender, whether
15:17
it's the legacy financial media in the United States being pro
15:22
Bitcoin. I would have never have believed
15:26
you. Has this thing grown up?
15:29
You know how? How much progress have we've
15:32
made? It's it's absolutely incredible.
15:35
And I'm going to tell you this guys, the best is yet to come.
15:40
The best is yet to come. Bitcoins best days are ahead of
15:44
us and look at everything that's happened.
15:48
We are still in the very beginning of this thing.
15:52
We have no idea what it's going to do, what the consequences of
15:57
a Bitcoin eyes world are going to be, what we have.
16:00
You know, some idea, we have an idea.
16:03
But it makes me extremely optimistic, very positive about
16:08
the future. While the Fiat world is
16:10
collapsing all around us, the lies are suffering from
16:14
inflation themselves. The excuses are accelerating,
16:18
The tyranny is accelerating. We're all protected by this
16:24
beautiful Orange Force field that we call Bitcoin.
16:28
Anyways, If you take self custody.
16:30
If you don't take self custody that that none of none of what I
16:33
just said applies to you. So definitely take self custody
16:37
and store your seed phrase on titanium.
16:39
And you could do that by getting yourself a stamp seed promo code
16:42
simply. Anyways, Opti, what's your take
16:45
on Kramer? I mean bro, is it is it done?
16:47
Did the bear market just start because it's inverse.
16:50
There's the there's the law of inverse Kramer, right?
16:53
Yeah. So you know first on getting my
16:56
cynical take first and foremost you know Jim Cramer being
17:00
bullish on Bitcoin is absolutely terrifying just considering the
17:03
inverse. Kramer never fails.
17:06
But and and then also you know Jim Cramer saying you can't kill
17:09
Bitcoin is absolutely terrifying.
17:12
Like just rip. You know there there goes
17:14
Bitcoin. It was a good run.
17:15
It was fun while it lasted guys. But no, no, no.
17:18
Like like for reals. I I I do think that Jim Cramer
17:23
is a lot smarter than we make him out to be.
17:25
Like legitimately guys after this last year I I just I kind
17:29
of think like Jim Cramer is just toeing the party lines.
17:32
Like they tell him what to sell and what and what to buy and and
17:35
in the back end he's probably doing his own inverse Kramer on
17:38
the things he tells people on what's at Mad Money or whatever.
17:41
But there is one point though that he said that I find very
17:46
interesting is he said that the ETF Bitcoin spot ETF will
17:52
probably be a sell the news moment which means it's not
17:55
going to be a sell the news news moment and it's going to
17:57
absolutely pump. So there is some signal in there
18:00
throughout the whole thing and hopefully one of these inverse
18:03
Kramer's hits and it's not so much that bitcoins going to die
18:07
obviously we're joking we we we know that Bitcoin you know it
18:11
last year we or what's it 2020-2021 I I forget the date
18:15
now it's all blur but we had a nation state attack by China and
18:18
Bitcoin is still chugging along. We're seeing at the very end of
18:22
the year that the US is also having a very negative bet.
18:25
But then we're also seeing the biggest asset managers in the
18:28
world trying to do their best to neuter Bitcoin.
18:31
And so you know we are in the then they fight you stage.
18:34
And I don't think they can't stop Bitcoin because of everyone
18:36
out there running nodes because everyone out there ensuring that
18:40
they're taking their Bitcoin into custody.
18:42
And what there's going to be roughly around like what a 1.5
18:46
million Bitcoin left or 2 million Bitcoin left till 2140.
18:52
Like all these asset managers in the world are are going to be
18:55
fighting for a very small amount of Bitcoin.
18:59
And most of the Bitcoin is in cold storage.
19:02
So shouts out to everyone out there and I forget the numbers
19:04
and I haven't looked at them in the last couple of weeks and I,
19:07
I they probably haven't changed much.
19:08
But what were the numbers Nika, like 70% of all Bitcoin hasn't
19:12
moved in over a year or two. So all most of the Bitcoin is
19:16
being coddled. It's in cold storage.
19:18
And so all these asset managers in the world, you know the.
19:21
Black rocks of the world. They are going to do whatever
19:24
they can to incentivize you guys to sell your Bitcoin.
19:28
But we know we're not going to sell them their Bitcoin, our
19:30
Bitcoin. You're going to hold that
19:32
Bitcoin into cold storage. You're going to continue to eat
19:35
up the supply and take even more Bitcoin off exchanges.
19:40
And that feedback loop, man, that you know, supply and demand
19:43
economics very simply is going to do the work for us.
19:47
The game theory of Bitcoin is going to be pushed into
19:50
OverDrive this year. I am fully convinced of this.
19:53
I think, I think we really are being very bullish or bearish in
19:57
regards to what bitcoins going to do this year.
20:00
You know, as you brought up huddle and he, he did the meme
20:03
this morning of like and maybe maybe I'll pull it up for you
20:06
guys later and he goes, you know, ADIQ.
20:09
Bitcoiner 3 green one red candle in the in the cycle usually
20:15
historically Bitcoin goes up 3 green candles.
20:18
Oh, I saw the. Years, one down, that's the
20:21
cycle. So far we only have two, two
20:24
points, you know on that data, but hey, 3 green, one red.
20:29
We got one green candle last year.
20:31
So if historically we are correct, we have two years of
20:36
pumping and then you guys are bearish out there and saying
20:39
we're not even going to hit a 100K.
20:40
Like couldn't be me, can't, can't relate 3 green, one red.
20:43
This is known. It's written in stone.
20:46
No, it's oh, you got it. Let's go.
20:47
Yeah, but but actually go do the quote, tweet first, show the
20:51
chart BTC, quote the picture. Yeah, there you go, 3 green, one
20:55
red, you know, pumps for three years.
20:58
It goes down one year and we have what, 123 data points on
21:04
this. And if that pattern remains,
21:07
we're going to have two more years of pumping and then what,
21:10
2026 will have a negative red month, a red year, so hey.
21:17
I love, I love this though. Like, it's like and we're going
21:21
to talk a lot. Nico Nico literally is the
21:24
midwit meme right now, and I'm on the 80 IQ side.
21:30
Oh man, it's like, no, what the fuck have I ever said that?
21:33
That's not true. You.
21:34
Literally said this earlier, the cycle theory isn't backed by
21:37
anything. There isn't enough data.
21:39
Actually, you didn't say that. You didn't say that.
21:41
And you've never. Said that, OK, I take it back.
21:44
You actually aren't the midwit, you are the Ad IQ Bitcoiner.
21:47
OK, cool. I'm fine.
21:49
We're, we're we're on. We're both on the left side of
21:52
the bell curve. Fine.
21:53
OK, I've accepted it. Yeah, Huddle's on the right
21:56
side. We're on the left side.
21:59
Anyways, but I mean like bro OK in all seriousness, like common
22:04
sense OK like it hasn't broken it yet.
22:09
So like if it hasn't broken it like Huddle's on point like 3
22:13
greens one red. Like like unless like this
22:17
breaks like this doesn't apply. Psycho theory isn't backed by
22:22
anything these this isn't enough data to infer anything from
22:25
these patterns. Like bro like you're wrong dude,
22:28
until this breaks. That's what I gotta say about
22:30
that. But I think Huddle's on point
22:32
like always. Anyways, I do wanna give a shout
22:35
out to our merch guys. Really, really helps us help us
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support the channel. The way that you do That is you
22:44
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helps us stay independent and it really, really helps us stay on
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air. So if you guys want a sports
23:06
show. Matthew, I already hear you.
23:08
I know the hats are coming. We have been talking again.
23:11
Like I've been telling you guys for, I don't know, 2-3 months
23:14
now with a Bitcoin artist. We've been trying to get in
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touch with our. Our supplier to get you guys to
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merch out. So we got some stuff in the
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works for you guys. So yeah, if you guys want to Rep
23:26
the show and support the show, check out our merch and wine.
23:30
Won't get upset with us. Anyways, let's hit the news.
23:33
We have a lot to talk about. The Daily News.
23:40
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guys. OK, so let's talk about the
25:35
title of today's video. Is a $1 million Bitcoin
25:40
possible? It's an absurd prediction, but
25:44
guys like, I mean think about it like a 10X is 450,000 from here,
25:50
right? So roughly A20X would be a
25:57
$1,000,000 Bitcoin if, if my if my maths is correct, we did this
26:03
in 2017. Like we we've done this before,
26:06
we've been here. So we went from literally the
26:11
beginning of 2017, we went from 1000 and we basically went to 20
26:20
K So it was, it was an 18X in a span of a year.
26:25
So we've been here before. Now.
26:26
I know the diminishing returns, people would say, listen, that's
26:30
not going to happen. This time it was a if we get all
26:36
the way to the top, it was roughly a 6.5 X.
26:39
But I believe this cycle was cut short.
26:42
I'll tell you why it was cut short.
26:44
It was it was the China man. I I really, really believe this
26:51
played a huge role and not that many people talk about it.
26:56
I, I I like, I I don't see enough people talk about the
27:03
Bitcoin price and the hash rate even though that I think it
27:08
played a massive role and I will make the case for that right
27:14
now. OK, so here is the and let's
27:20
zoom in a little bit and let's scroll up if I learn how to
27:25
fucking use this. Excuse me.
27:28
OK. So all right.
27:35
So this is the China ban happened right here.
27:40
OK. This is the hash rate.
27:42
The price literally fell with the hash rate, right?
27:48
And why did that happen? Like why did the price, why did
27:50
the hash rate start dropping and why did the price fall with it?
27:55
It was literally the CCP that banned Bitcoin mining within its
27:59
borders, and that led to Chinese miners to sell their hardware to
28:06
relocate overseas. Now, I think this was the second
28:11
biggest event, and it literally took roughly like nine months
28:16
for the hash rate to recover, in my opinion.
28:19
And again, I and I and I've spoken about this.
28:21
I had a panel at Unconfiscatable in in Vegas.
28:23
I think it was 2022, and I've said this many, many times.
28:28
I think that this was, after the fork wars, the second biggest
28:35
consequential moment in Bitcoin's history in terms of
28:38
testing Bitcoin's ability to survive while it's being
28:43
attacked. While things are chaotic in the
28:46
background. And I believe that this hash
28:51
rate drop and the price that dropped with it, cut the 2020,
28:58
the 2021, the 2021 bull market short, right?
29:04
So the hash rate dropped around here and the price went with it
29:09
and we only hit 69 K Now we're going into speculation right
29:14
now, but let's say that the price of Bitcoin went from 10K
29:19
and it hit 100K. That would have been an 8X,
29:22
right? We don't have a China, we don't
29:25
have a potential China ban happening right now.
29:29
We don't. The hash rate is located in
29:33
Canada and the United States. Or isn't just going to be some
29:37
bureaucratic official Elizabeth Warren.
29:39
I mean, she's going to try, but it's not as easy as, you know,
29:44
someone just snapping their finger and then shutting down
29:47
mining in the United States, as much as some bureaucrats would
29:50
want to do that. So I think I have reason to
29:55
believe that this cycle not only because the hash rate is going
29:59
to continue to go up, it's continuing to go parabolic, but
30:04
also because of the spot Bitcoin ETFs and because of the amount
30:08
of capital that is going to flow in because there's something
30:12
that also you guys, you have to remember about the spot Bitcoin
30:15
ETFs, right. And the capital markets in the
30:18
US and they can't just sell paper Bitcoin, they have to if
30:25
they're selling Bitcoin, if people are buying those spot
30:27
Bitcoin ETFs, they have to go out and buy that Bitcoin, right.
30:33
So the price suppression that happens in futures is not the
30:38
same in. It's not the same with the spot
30:43
Bitcoin ETF. Now that's not to say it's
30:46
captured, that's not to say it's not captured Bitcoin.
30:49
That's not to say that you know 5-10 years from now as the you
30:56
know the Fiat currency continues to degrade and clown world
30:59
continues to accelerate. the US government isn't going to six
31:03
one O2 all that Bitcoin in the in the spot ETF.
31:07
That's not to say that's going to happen, right.
31:10
But it's a little bit different. And think about all the inflows
31:15
that are going to happen. Like you're talking about the
31:17
largest asset manager in the world.
31:19
You guys have been seeing the commercials.
31:21
In fact I have another one for you guys.
31:23
So it's not only the Most Interesting man, you know, the
31:26
most interesting Man in the world, a couple of others, all
31:30
of Wall Street is just dropping these commercials for people to
31:34
buy Bitcoin. I mean, I know it's not direct
31:37
Bitcoin. I get it.
31:38
I understand. I understand where you guys are
31:40
coming from. But think about that marketing
31:44
machine. Think about the millions of
31:46
dollars that are being spent to market Bitcoin.
31:50
And now all of a sudden, 'cause you have to realize the
31:52
consequence of this, if you're an asset manager, you can now
32:02
hide behind BlackRock, right? So you don't have to put your,
32:06
your, you know, your job on the line.
32:09
If Larry Fink says it's OK and there is a regulated financial
32:15
instrument of which you can offer your clients, and you have
32:19
Michael Saylor getting these crazy returns with the Bitcoin
32:22
strategy, it's not so risky to offer your clients this anymore
32:28
in the eyes of financial advisors, right?
32:33
So I really do believe that this is a major, major milestone for
32:39
Bitcoin and there's going to be massive amounts of inflows that
32:44
could potentially be beneficial for the price.
32:46
Now we are a Bitcoin maxi show after all.
32:50
And what I got to say about that is that yes, number go up might,
32:53
you know, might go up, number go up might do its thing.
32:57
But there's two things that are happening here.
32:59
There's number go up and there's the Bitcoin revolution.
33:02
The Bitcoin revolution is peep individuals taking self custody.
33:07
That is what will actually change things.
33:09
Never forget that, right. So as much as you say, oh,
33:13
BlackRock and institutions and nation state adoption, I don't
33:16
care about that. If we want things to change,
33:21
what we want is individuals taking self custody of their
33:25
wealth. There's two separate things
33:28
happening right now. It's our job as bitcoiners, as
33:32
individuals to convince people around you to take self custody.
33:38
The two first sponsors on our show are literally tools and
33:45
products that you can use to take self custody.
33:48
In fact, it's so freaking easy. We made it easy for you guys,
33:53
right? So you have no excuse and your
33:55
parents have no excuse. Because yes, it might be super
33:58
easy to now buy Bitcoin on your Charles Schwab account and your
34:02
Robin Hood account. Oh my God, I bought Bitcoin
34:04
BlackRock. This is so easy.
34:06
But they they will rug you and they can rug you.
34:10
And they have rugged people in the past, especially when
34:13
governments get into a get into a a a pickle, they get into a
34:18
corner. What do they do?
34:20
They seize the public's wealth, though.
34:22
How? How do you protect yourself
34:23
against that? Take self custody.
34:25
And you want to know why Elizabeth Warren is so against
34:27
self custody, that's why. Because she can't easily
34:31
confiscate your wealth anyways. So here's another one of the ads
34:35
that were dropped by these I dropped by one of these Wall
34:41
Street institutions. So let's check this one out.
34:43
You know it's. Amazing to me the tremendous
34:45
impact that the home computers have had on on everyone.
34:49
And yet it seems the people I've talked to say that it takes you
34:52
longer to do something by putting it into a computer and
34:55
calling it up again than if you just kept simple record yourself
34:58
in the house. I mean, like, you know, it's not
35:15
an exchange, it's not crypto.com, it's not Coinbase,
35:19
it's not FTX that that commercial was very clear.
35:28
Bitcoins. Time has come Now.
35:30
Where it's a bit of a misrepresentation is Bitcoin's
35:35
time has come by my shit coin, by my my ETF, right.
35:41
But we're getting there. We're getting there, right?
35:42
It's a foot in the door. And for all the Maxis that are
35:45
like Nico, the the ETFs are guys, this was inevitable.
35:51
This look Bitcoin is for enemies.
35:54
It's inevitable that nation States and these large financial
35:59
institutions were going to adopt it.
36:02
That was the natural order of things.
36:04
If you want hyper bitcoinization, this is.
36:08
This is what's going to happen now.
36:10
The battle of our time, the next couple of years is governments
36:15
are going to use these ETFs to try to capture Bitcoin.
36:20
That's what they're going to try to do.
36:22
And it's up to us, the community bitcoiners, to really be the
36:27
last line of the fence and say, listen, as much as this ETF
36:31
product is convenient, as much as it's accepted by Larry Fink,
36:35
I would rather own the real thing.
36:37
I would rather own real Bitcoin and have that Bitcoin in self
36:41
custody, right? So just something to keep in
36:44
mind. Now let's go back to the title
36:47
of today's video. Here's Samsung Mao once again,
36:51
January 1st, so yesterday. It's a new year filled with new
36:55
possibilities like $1 million Bitcoin.
36:59
All the best for 2024. Now we went over in the
37:01
beginning why? You know, in terms of the last
37:07
cycles performances, you know, if we get a 10X, if we get a
37:12
15X, if we get a 5X, you know, you're talking about $250,000
37:18
Bitcoin, $200,000 Bitcoin. You're talking about half,
37:20
$1,000,000 Bitcoin. These are very, very big effing
37:24
numbers, right? And I just don't believe in that
37:27
diminishing return theory. And I asked the audience, by the
37:30
way, in the YouTube chat, I, I, I put out a poll about 30
37:34
minutes ago, 149 of you voted that you do not believe the
37:41
diminishing returns theory is correct.
37:44
So I mean, and I also asked you guys, I asked you guys a couple
37:52
days ago, and forgive my typo, by the way, in a community post
37:56
on YouTube, I said what will be the next cycle peak in 2024,
38:01
about 26% of you said 150 K and about 226% of you said over
38:09
300,000, right? So 12% of you said 250 K, 13%
38:13
said 200K and 23% of you said 100K.
38:18
So the general consensus, I think it's right in the middle
38:21
half people are feeling, you know, conservative with 150K
38:25
Bitcoin and half the people are feeling bullish with 300K
38:28
Bitcoin. So let's take a look at, you
38:32
know, other predominant figures in the industry.
38:36
Let's take a look at what they're anticipating.
38:39
Let's take a look at what they're looking for in in the
38:43
future of Bitcoin, right. So we have Kathy Wood, who so
38:50
several experts in the field, both individuals and
38:52
institutions are bullish on the price of Bitcoin moving into the
38:54
year 2024. These forecasts can be seen
38:57
below. So we've talked about Kathy Wood
38:58
before. She has three predictions.
39:01
Actually. The conservative prediction
39:04
things for 20/29/2020, thirty or 2030 is $250,000 Bitcoin, then
39:11
$648,000 Bitcoin and then $1.5 million Bitcoin if we have these
39:17
massive adoption and that's by 20-30, right?
39:21
However, she said that Bitcoin could potentially reach 650,000
39:27
by 2024. I mean, very, very bullish.
39:31
Here's Mike Novogratz. I'm really curious to know if he
39:35
still has that Luna tattoo. Definitely.
39:38
He He I mean, holy, holy cow. Maybe he like like, maybe he
39:42
like like. Dude, how could you cover that
39:44
one up? It was huge and colorful.
39:47
Speaking of tattoo, this is hilarious.
39:49
So in 2021, he anticipated Bitcoin reaching 500,000 by
39:53
2024. Even planning a How do you say
39:57
that Opti? I can't.
39:58
Commemorative. There you go, tattoo for the
40:00
milestone. So.
40:02
So. He's covering it up, covering up
40:04
the Luna. One he's covering up the the
40:06
Luna one with a Bitcoin tattoo. Shout out Mike Novogratz.
40:10
Novogratz maintains a long term optimistic view, believing
40:13
Bitcoin will eventually hit half a million, though not within the
40:16
next five years. So I mean one thing and the
40:18
other, OK, so here's Tim Draper. Tim Draper says billionaire
40:23
investor Tim Draper, known for early advocacy of
40:25
cryptocurrency, hasn't has adjusted his prediction for
40:27
bitcoin's value. Initially, Draper Vote
40:30
forecasted the Bitcoin would reach 200, 350K by 2020 by June
40:33
2023. However, he recently
40:35
acknowledged that this target might be delayed until 2025,
40:39
attributing the postponement to an unexpected enforcement
40:42
actions by the US government, particularly the SEC.
40:46
So we have of course the legendary Max Kaiser, one of the
40:49
people that originally orange pilled me, him and Andreas
40:52
Antonopoulos. And the Kaiser report was a big
40:55
inspiration for Simply Bitcoin, by the way.
40:56
For anyone that doesn't know, he is of course, predicting 220 K
41:02
Bitcoin. We have Fun Strat research.
41:05
Fun Strat, A predominant research firm, has set an
41:07
ambitious target for Bitcoin, predicting it could soar to
41:10
$180,000 by it's 2024 halving standard charter investment
41:16
bank. They're predicting 120K by the
41:20
end of 2024. And here's Robert Kiyosaki.
41:23
He is predicting 100,000 by 2024.
41:27
And here's Adam Back. Adam back play place the bet
41:31
with our boy Vikingo shout out the 305 Miami till I die and he
41:36
was betting Vikingo that Bitcoin would reach $100,000 by the
41:42
halving. So by the 31st of March 2024,
41:46
Adam Back has placed a bet with Vikingo that it would reach 100
41:50
a 100K by then. I mean that's basically like a
41:54
2X from here. So if if Bitcoin double S from
41:58
the price that it is right now at 45,000, I mean there you go,
42:04
there is you know a there's there's 100K Bitcoin.
42:08
So we have Jesse Myers who's known as BTC Crisis on on
42:12
Twitter and he is predicting that Bitcoin will surpass
42:17
100,000 after the 2024 block subsidy.
42:22
And we have Arthur Hayes. Arthur Hayes is the founder of
42:26
Bitmex and he is predicting a $70,000 by by 2024.
42:32
But check this out, another $1,000,000 prediction.
42:35
He predicts a significant surge in bitcoins value with a long
42:40
term projection of 750K to 1,000,000 by 2026.
42:46
I when I read those numbers, I get very worried about Opti with
42:51
a million. At this point I think Opti's
42:53
gonna be in Vegas and I will never see him again and I am
42:57
very concerned. So I I hope it doesn't move up
43:01
that fast. I hope Opti gets older before we
43:05
get $1,000,000 Bitcoin. Yeah, you're too funny.
43:08
Oh, man. OK, so we have JP Morgan.
43:12
JP is we all know how Jamie Dimon feels about this thing.
43:17
They predict that Bitcoin could reach 45 K by 2024.
43:21
In your face, Jamie Dimon, it's already 45,000 K It's already a
43:25
$45,000. We've already broken this
43:29
prediction. And we have Ben Berg, the
43:31
investment bank. Ben Berg has updated this
43:33
forecast for Bitcoin, setting a target of 56,000 for April 20,
43:37
2024. I mean, I agree.
43:39
I think that this is very conservative.
43:41
I think we'll definitely hit this.
43:42
So I don't, I don't know guys, we don't speculate on this show
43:45
that none of these are our personal opinions, but let us
43:48
know what you guys think. Drop in the comment, drop in the
43:51
comments. What you guys think we are
43:54
starting off the year strong. Do you think Bitcoin?
43:57
What, what price of Bitcoin do you think it's going to hit in
43:59
2024? Do you think that $1,000,000
44:02
Bitcoin in this timeline is you know, is is is feasible?
44:08
Is it something that you know is is so you know, completely out
44:13
of the question? Let us know what you guys think.
44:16
I really want to know, but I just want to leave it at this.
44:19
I think American huddle says it best.
44:21
But before I go to American Huddle, I do want to highlight
44:26
Sailor even sailors feeling bullish in 2024, how high do you
44:30
expect bitcoins price to soar? So even sailors thinking these
44:33
questions, obviously he is shout out micro strategy.
44:36
By the way it's at 300% last year.
44:40
So sailors crushing it. He looks like an absolute hero.
44:44
What other public company is going to follow in his
44:46
footsteps? We shall know very soon. 75,000
44:49
votes and the majority voted that Bitcoin is going to hit
44:54
100K in twenty 2434% and the second highest vote which was 20
45:00
not 27.9%. People believe that Bitcoin was
45:04
going to hit 200 K in 2024 and I'm going to leave it at this
45:09
and I think American Huddle said it best.
45:12
Let me see if this music is it might be copyrighted, so I might
45:17
not play the music, but you you'll get the GIF anyways.
45:21
And here's Squirtle from Pokémon and he's playing the saxophone.
45:25
I'll play a little second of the music.
45:28
Perfect. You guys know what song it is
45:31
Anyways, so he says quote Dude, what are you thinking when you
45:34
say Bitcoin can go to a million this cycle?
45:37
Don't you know you were just wrong?
45:39
You said 500 K last cycle. Why should anyone take you
45:43
seriously? What makes you think it's going
45:46
to a million? What indicators are you seeing?
45:49
And then American huddle says it best my brain, and it's
45:52
literally the sky squirrel on the saxophone not giving a
46:00
flying F So I really want to know, what do you guys think?
46:04
Do you guys believe? Where is this going?
46:07
Again, we don't speculate on simply Bitcoin.
46:09
We can't tell you what we think, but we can show you what
46:13
everyone else thinks we. Don't speculate, but we just
46:16
speculated for the last 15 minutes.
46:17
Oh, we didn't speculate. We were just showing you what
46:19
everyone else is thinking. It's the first.
46:22
It's the first episode of the year.
46:24
We got to start it off strong. We got to give the people what
46:28
they want, bro, OK? We're starting very strong and
46:33
just doubling down. I I really like this tweet by
46:35
huddle just to kind of show the D Gen. math as he said quick D
46:39
Gen. math. Bitcoin is only 22 X from a
46:42
million. It did a 20X in 2017.
46:44
It did a 16X in 2011. It did an 88X in 2013.
46:48
It's been six years since we had 1000 plus percentage upward
46:52
moves we're due with the King GIF here it it just goes to show
46:57
guys that like. Bitcoin Price moving?
47:01
I know, like we're getting too big numbers now, so it seems a
47:04
lot scarier. But as Nico kind of covered
47:07
throughout this whole thing, like, I think we're
47:10
underestimating how much liquidity is going to get into
47:14
Bitcoin. You know, we started with the
47:16
China Bitcoin ban as one of the factors that really blew ball
47:20
dust in the last bull run and then let like we didn't even
47:25
touch on the fact that FTX had a what like?
47:28
Millions of Bitcoin, paper Bitcoin out there and those were
47:32
factors that skewed the Bitcoin price up and down.
47:35
And now all of that's been cleared out of the way.
47:38
And here we are moving into 2024 into the second leg of this bull
47:43
run and going into the more defining point of the of the
47:46
cycle where the price usually starts to run.
47:49
So if the last bull run basically got neutered and now
47:53
those factors are out of the way, I think it's I like this is
47:56
my running thesis. Like, I really do believe that
47:58
this 2024 and 2025, the price is going to go absolutely crazy.
48:01
And of course, you know, who am I?
48:03
I just, I I this is what I think my original sin is.
48:06
I'm stupidly bullish, but I just think there's going to be so
48:09
much liquidity going into Bitcoin.
48:11
We're seeing that the biggest asset manager in the world are
48:14
doing their best to get not only Bitcoin price exposure, but
48:17
they're going to try to neuter Bitcoin.
48:18
Obviously, try to funnel everything into an ETF as Nico's
48:21
been calling it, you know, captured Bitcoin.
48:24
But. I don't know if you guys were
48:26
here 2017 and that was basically all retail price movement and it
48:31
got absolutely frothy then. And now.
48:34
I think we're going to get way more media exposure this next
48:37
two years. We're seeing every asset manager
48:40
in the world going to have to educate their customers on
48:42
Bitcoin. And then we're seeing all the
48:44
corporate press talking about Bitcoin.
48:46
We're seeing Bitcoin Maxis be a part of the corporate press.
48:49
And then just think about all these compounding when everyone
48:53
and your mother and your best friend is all, they're going to
48:55
see Bitcoin price start to move and they're going to ask you,
48:58
wait, should I be buying some Bitcoin?
49:00
So I've been saying it for a couple of months.
49:02
I think we're seeing a perfect storm set up for Bitcoin.
49:05
We're having the having in a couple of months, like
49:08
everything is working in our favor.
49:10
So you know. Shouts out the huddle with the D
49:12
Gen. math. We're we're not going to
49:14
speculate, but the price is going up forever, Laura.
49:16
So I think it's just going to show very clearly that the
49:20
Bitcoin price is going to go nuclear this year.
49:23
And I I really do. You think we are underestimating
49:27
how little capital it's going to take to move the markets?
49:29
Everyone knows that the Bitcoin price is basically moved on the
49:32
margin by people trading their Bitcoin and most bitcoins in
49:36
cold storage. Most of the people that own
49:37
Bitcoin are huddling it and and just knowing that they own
49:41
something that is extremely valuable.
49:43
You know, Infinity divided by 21 million Bitcoin is the most
49:46
scarce thing in the world. And if you're smart, or rather
49:50
if you're not a traitor like most of us, you just hold on to
49:53
it and know that this is my savings in the future, it will
49:56
be worth more than it is today. It's because what 8 million
50:00
people are going to have to scramble for 21 million Bitcoin,
50:02
like it has to go up. This is the simple basic
50:06
economics and then not alone to even talk about the mining
50:09
economics of it, that the Bitcoin price has to go up for
50:12
it to be feasible for the Bitcoin mining companies to be
50:14
profitable. So like we're seeing a perfect
50:16
storm going on right now and I really do believe that the force
50:20
multiplier of of liquidity and capital that's going to go into
50:23
Bitcoin, I think we're underestimating.
50:25
Now is 1,000,000 kind of like like Nico said jokingly.
50:29
You know, I I don't want to. See $1 million Bitcoin, like in
50:34
a year or two. Not for my own personal health,
50:36
but just because of that, the meme of the race to avoid the
50:39
war. We kind of want the Bitcoin
50:40
price to be a slow evolution upwards versus just like waking
50:45
up overnight and now you know. At a million Bitcoin, which
50:48
would mean that something has really broken in the Fiat world.
50:51
So we definitely want to see a slow, gradual climb of Bitcoin.
50:54
I think that's what we're going to be seeing all year.
50:56
Of course, this is the beginning of the year, second day of 2024,
51:00
so we are kind of speculating a little bit, even though we do
51:03
our best to not speculate. All we know though is take
51:06
Bitcoin into custody. It is going up forever.
51:09
It has to let the black rocks of the world, let the asset
51:13
managers of the world try to neuter Bitcoin with the spot
51:15
Bitcoin ETF. Let it let Elizabeth Warren come
51:17
out here and try to neuter Bitcoin with governmental
51:21
regulations. It doesn't matter because we run
51:24
the nodes, we take Bitcoin into custody and more and more people
51:29
are going to expand the network effects of Bitcoin and it's just
51:33
going to be a beautiful sight to be to behold.
51:35
You guys are on the front lines. You guys have asymmetric
51:38
knowledge right now and the world hasn't woken up to the
51:42
fact that they need Bitcoin and it's just so beautiful to be a
51:44
Bitcoin at this point. It's just man huddle.
51:48
Make sure you have the strong hands because you will have to
51:52
make it through the huddle buyout zone.
51:53
These people want your Bitcoin because they understand there's
51:56
a problem and the only solution, as far as I can see, is Bitcoin.
52:00
So here we are guys. It's gonna be a very, very
52:03
beautiful 2024. In my opinion.
52:05
One. 100% Before we move on to the culture, ladies and
52:09
gentlemen, I'm gonna end the poll and I asked you guys, is
52:13
the diminishing returns theory correct?
52:17
67% of you guys said no and 32% of you guys said yes.
52:22
There's 190 people that voted. I also, I do want to give a
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53:35
All right. Boys and girls.
53:36
Girls and boys. This is a culture.
53:37
Where I give you guys some action or advice or I have
53:40
guests on and we have great conversations.
53:42
But I figured it's the beginning of 2024 and we're seeing a whole
53:47
bunch of new people join the channel.
53:49
And so I kind of want to just give you a blueprint for 2024.
53:52
And and again as I said in the beginning I was having
53:54
conversations with my friend here.
53:55
Let me let me go let me do this. I I was having conversation with
53:58
my friends and family over to the holiday breaks and you.
54:02
We've all seen the metrics we covered the metrics and the
54:04
numbers the the statistics and the data all of last year, just
54:08
how little people are savings and it just it really blew my
54:12
mind. I was asking my friends and I
54:14
keep asking them the same question.
54:15
You know, I, I I poke and prod and I'm on just like do you have
54:18
any savings You know are you thinking about your future
54:21
what's going on are you living paycheck to paycheck?
54:23
You know, I I try not to pry too much into people's finances
54:26
because we all know that it's kind of rude, or at least has
54:28
been portrayed as rude. And so my job here is usually
54:32
give you some actual advice. And I figured, hey, it's the
54:35
first. Basically, the first episode is
54:38
simply Bitcoin. I will be reiterating on this
54:40
all year, but I want to give you a blueprint for what you should
54:43
be doing going into 2024 and the rest of the year.
54:47
If you're new here, you just happen to find the channel
54:49
because of the title, you know, because we did some good
54:51
clickbait. Well, I want to give you guys
54:54
what you should be doing all year.
54:56
This is the game plan. This is the blueprint for every
54:58
single one of us. This is what you do as a
55:00
bitcoiner. You change your behavior because
55:02
you realize, hey, I'm holding on to the most valuable asset in
55:07
the world and I have to have strong hands.
55:09
I got to be ready for this. So let's go into this.
55:12
I just have a simple blueprint. I I even have, you know, some
55:14
wallets to talk about. So first and foremost guys, I
55:18
hope even if you haven't read it, you know I took this first
55:20
point from The Richest Man in Babylon.
55:22
It's a great book and a classic 100 year old financial book.
55:27
It's it's a novel, but I I tweaked it.
55:30
The richest man in the Citadel I I it blows my mind how many of
55:34
my friends are living paycheck to paycheck and it it actually
55:37
absolutely kills me. So everyone asks me should I be
55:40
buying Bitcoin today? Should you think the Bitcoin
55:42
price is going to retrace? I don't know man.
55:44
I capitulate my fear as quickly as I get it.
55:47
And as you see here again, this is from a richest man in
55:50
Babylon, but I I tweaked it. The richest man in the Citadel.
55:52
Just take 10% of your paycheck, put it aside.
55:55
Never touch it. That is for future you pay
55:58
yourself first. This is the way guys you just
56:00
you want to save something. And look, the asset managers in
56:03
the world, they're doing what? One percent, 5%.
56:05
Well, minimum 10% of your paycheck you should be saving in
56:09
Bitcoin. Never touch that.
56:10
That is for future you. If you're like me, a DGN
56:13
bitcoiner, than you do half of your paycheck.
56:15
I was living with my parents, I did half of all money coming in
56:17
into Bitcoin. That's the only reason I'm able
56:20
to do this with you guys today is because I save money.
56:22
You need to have capital to be able to be an entrepreneur to be
56:26
able to live the life you want to.
56:27
Which means you have to save some money.
56:30
Next one, guys. Secure the bag.
56:32
We've been talking about this all day.
56:34
You know wallets. I'm gonna name all the wallets.
56:36
You need to make sure your Bitcoin is in custody in cold
56:39
storage. You have your backup not on a
56:42
piece of paper in your sock drawer on titanium on something
56:44
that will last. And here let you know.
56:46
Wallets. I I do this every I, I, I do
56:49
this constantly. I'll probably have to do this
56:51
multiple times 1/4 but wallet. I update this constantly.
56:55
You know, first and foremost, you know maybe people think this
56:59
is this is bad practice but I think it takes steps to get to a
57:03
cold storage set up that you know is secure.
57:05
First and foremost, most people just download a mobile wallet on
57:07
their phone. It's better than keeping your
57:10
Bitcoin on an exchange. So mobile wallets that I like
57:13
Blue Wallet, Green Wallet, Breeze in Phoenix and wallet is
57:15
Satoshi are lightning wallets that are I think are awesome.
57:19
And then nunchuck Nunchuck's been super awesome.
57:21
You can do a multi six set up with your mobile wallet.
57:24
Absolutely great wallets. These are the wallets I
57:25
recommend. There's some new ones that I'm
57:27
going to try to experiment with for you guys so that I'm update
57:30
and you know I'm always looking for a cooler, sleeker wallet,
57:33
desktop wallets of course. I think it's a a rite of
57:36
passage. Download Bitcoin Core, do the
57:38
initial block, download, you know, do the process as I think
57:43
it was intended to do. But there's also Sparrow and
57:46
Spectre, which are basically some more bells and whistles on
57:49
top of Bitcoin Core. I absolutely love Sparrow.
57:51
And then you can be an Electrum junkie like Nico.
57:53
Once something works, you don't have to switch it, guys.
57:55
Just make sure that you have your Bitcoin secured for long
57:59
term. This is the goal.
58:00
And then of course there's hardware wallets like Passport
58:02
or sponsor or cold card. There's Jade, there's seed
58:05
signer. If you want to buy it off the
58:06
shelf, buy parts off the shelf. Build yourself a seed signer.
58:09
Absolutely Epic. These are things that I
58:11
recommend. These are things that I use on
58:13
my setup and I just highly recommend if you don't know what
58:16
wallet to start with, maybe start with a mobile wallet and
58:18
then work your way towards doing either a desktop wallet or a
58:22
hardware wallet or even considering a multi sig setup.
58:25
And then the next thing. And then of course these are in
58:28
no particular order. You need to have unshakable
58:31
conviction guys. And by that I mean you need to
58:33
educate yourself and you need to understand why you huddle.
58:36
Once you know why you huddle, the huddle becomes easy.
58:39
And I'm telling you, this year is going to get crazy.
58:42
We're going to get bombarded by so much fun and so much anti
58:46
Bitcoin propaganda that if you don't know why you're huddling
58:49
your Bitcoin, you might not make it through the huddle buyout
58:52
zone again. Why are you going to exchange
58:56
the scarcest asset in the world for literally unlimited paper
59:02
IO? Us.
59:03
It makes absolutely no sense. Yes, we have to gauge the
59:07
Bitcoin purchasing power in Fiat terms, but do not exchange your
59:12
Bitcoin for paper IO us. This is the way.
59:15
All right, next one. I say it all the time.
59:17
You guys heard me say it all year.
59:18
Fit mine plus Fit Body. This is the way guys like money
59:22
means nothing without your health.
59:24
And if you're simply sacrificing everything for more money and
59:28
you are putting your health on the back burner, that is a
59:30
failure. Make sure you are in warrior
59:34
strength going into 2025. This year should be a pivotal
59:38
year for you and you want to be in fighting condition guys.
59:43
You cannot do anything if your mind is hazy and your body is
59:46
weak. You want to be a warrior.
59:48
This is a revolution. Like we tell you guys all the
59:50
time, you need to be mentally fit and physically fit and then
59:54
the last one, guys create value. You need to build your skills.
59:57
You need to build businesses, solve problems, solve rich
1:00:00
people's problems. This is the best way to make
1:00:02
money and like I say all the time, you know the best way to
1:00:05
stack Sats is probably to get paid in Bitcoin guys.
1:00:07
So if you are able to. Exchange your skills, your
1:00:13
services, your goods, your products for Bitcoin.
1:00:16
I highly recommend this so that you can stack in a way outside
1:00:20
of just, you know, exchanging your Fiat for Bitcoin.
1:00:24
Join the Bitcoin parallel economy and join the Bitcoin
1:00:27
standard. And guys also on this point do
1:00:31
not feel shamed into having a Fiat job and stacking Bitcoin.
1:00:36
This is the way as well. That means you're still a
1:00:38
Bitcoin or do not think that you just have to go all in on
1:00:41
Bitcoin. You only need to get paid in
1:00:43
Bitcoin and that that's the only way you're going to be a
1:00:46
bitcoiner. No, literally exchanging your
1:00:49
Fiat for Bitcoin is the way. As I said in the beginning, you
1:00:52
need some capital, so you're going to have to use your Fiat
1:00:57
job so that you can save in Bitcoin.
1:00:59
And then at a certain point you will feel Okay and go all in on
1:01:03
Bitcoin. You will create a Bitcoin job,
1:01:06
You will, you know, be completely on the Bitcoin
1:01:08
standard. You will only interact with bit
1:01:10
corners and kind of on that. Last part I should have put it
1:01:12
here, is build your local community guys, someone said in
1:01:15
the chat here, I actually have it right here.
1:01:17
You know, the most dangerous people at times are your friends
1:01:20
and family. Well, This is why you want to be
1:01:21
surrounded with bit corners, you know, I know it's going to get
1:01:24
frothy. It always gets frothy around
1:01:26
this time and everyone goes to Bitcoin meet ups, but you want
1:01:29
to ensure that the community around you knows what is going
1:01:33
on. So again part of that
1:01:35
unshakeable conviction is educating your friends and
1:01:37
family so that they know why we do what we do and also so that
1:01:41
they become bit corners and again guys number go up usually
1:01:45
brings more people in than not. So this year I really do believe
1:01:49
that as the price goes up as we've been speculating the whole
1:01:51
show, it'll become easier to orange pull your friends and
1:01:55
family. And as we see in clown world,
1:01:56
you know the Fiat world is literally number go down
1:01:59
technology, it degrades every aspect of society, your
1:02:03
purchasing power goes down and when you're on the Bitcoin
1:02:06
standard we always show you the life price in Bitcoin website.
1:02:11
And if you've been a bitcoiner this last year, you know your
1:02:15
life, your life got what, 150% cheaper than it did the year
1:02:19
before. Literally everything got cheaper
1:02:21
if you're on the Bitcoin standard.
1:02:22
So again, I wanted to do this one on the very first episode of
1:02:27
2024 because it was, it's really eye opening if you have these
1:02:31
conversations with your friends and family and no one is saving
1:02:34
any money. And I'm not saying you're going
1:02:36
to save your way to prosperity, but I'm saying you need to save
1:02:39
some capital, pay yourself 1st and then as I said, in the very
1:02:43
end, create value. Build your skills up as a
1:02:47
person, as as someone that is providing value to society.
1:02:50
Solve rich people's problems. Convert the profits into
1:02:54
Bitcoin. This is how you can take over in
1:02:56
2024. And I've been saying this all
1:02:58
the time. I don't know how many times I've
1:02:59
said this on the show, but I'm fully convinced it's never been
1:03:02
easier to dominate in 2024 when everyone is asleep and you have
1:03:06
this asymmetric knowledge to stack Bitcoin and to improve
1:03:10
your life and literally be the the goat of your bloodline.
1:03:15
And they'll be like, I am so happy my great, great, great
1:03:18
grandfather was stacking Bitcoin and they'll have your face over
1:03:21
the fireplace and oil painting and they'll be like, that is the
1:03:25
goat that changed the trajectory of my bloodline because he was
1:03:29
saving in Bitcoin. This is what's going on guys.
1:03:32
I'm convinced 100% that 2024 is going to be a defining year for
1:03:37
Bitcoin. We're seeing the asset managers
1:03:39
of the world start to want Bitcoin exposure.
1:03:42
We see the politicians and the unproductive class trying to
1:03:45
neuter Bitcoin. So you got to run a node, you
1:03:48
need to take Bitcoin into custody, you need to stack sats
1:03:51
as much as humanly possible, capitulate your Fiat as quickly
1:03:55
as possible. But of course, as I say all the
1:03:57
time, you know PSA, pay your bills first, make sure you're
1:04:01
able to pay rent, eat food you need to survive and then again,
1:04:04
fit my fit mind, fit body guys. This is the blueprint for
1:04:08
success in 2024. Do not let the shit coin
1:04:11
scammers and you know the the grifters convince you otherwise.
1:04:16
What you need to do is stack as much as humanly possible.
1:04:19
You need to sacrifice a little bit now to live the life you
1:04:22
want to in the future. And it's literally this simple.
1:04:24
It's easier said than done. But if you do it.
1:04:28
Your life will improve and I can only tell you that because I've
1:04:31
seen hundreds of my friends do it.
1:04:33
Nico and I have done it. And this is the way guys.
1:04:36
You need to have some capital saved up so that you can live
1:04:38
the life you want to live. This is the blueprint for 2024.
1:04:42
I will be reiterating on this all year long because more and
1:04:45
more people are coming to the channel and I just I the reason
1:04:49
I do what I do is because when I got into Bitcoin, I fell for all
1:04:53
the shit coin scams. I've wrecked myself.
1:04:56
I've lost more Bitcoin than I'd like to even tell you guys.
1:05:00
But these lessons don't come easy.
1:05:03
You can listen to us, understand that this is the blueprint or
1:05:07
you know you can put your hand on the stove.
1:05:09
And I'm telling you guys it's as simple as the blueprint that I
1:05:12
that I gave you. You need to pay yourself first.
1:05:15
Take some of your paychecks aside.
1:05:16
Don't touch it. Live within your means.
1:05:19
Build your skills, build your value, create a business and get
1:05:25
on the Bitcoin standard and of course be a part of the parallel
1:05:28
economy anyways. Anyways Nico, I I just I felt
1:05:33
like this is a good message for 2024 to start the year and we'll
1:05:37
we'll be giving you guys lessons throughout the year and and
1:05:39
things we've learned. And of course we're going to
1:05:41
bring guests on so that they can tell you their stories and their
1:05:44
thoughts and all this good stuff.
1:05:46
But first and foremost guys, this is the blueprint for 2024
1:05:49
bitcoiners are taking over today.
1:05:52
It's never been easier to dominate because everyone else
1:05:55
is walking like headless chickens in a daze and we have
1:06:00
the best money in the world. Make sure you secure it. 100
1:06:05
percent, 100%, dude. First of all, that was
1:06:08
inspiring. They don't call Saint Opti.
1:06:11
You know, St. Opti for no reason.
1:06:13
So 100%, bro. Guys, this is this is such a
1:06:19
beautiful moment and time to be alive.
1:06:22
This is going to be a great year.
1:06:25
I'm looking forward to it. We had a great 2023, thanks to
1:06:31
all you guys. Really.
1:06:32
Support for the channel really means the world to us and this
1:06:38
is the beautiful part about Bitcoin is a lion incentive.
1:06:41
So we're all going to win this year.
1:06:44
Obviously, you know, Sailor has more purchasing power, so he's
1:06:48
going to benefit a little bit more because he's able to stack
1:06:51
more Bitcoin. But anyone, everyone benefits
1:06:55
equally in the sense that you know those gains though you know
1:06:59
that Bitcoin going up, it's going to benefit everyone
1:07:01
equally. There are no special privileges
1:07:03
in Bitcoin. So the like I said, the best is
1:07:07
yet to come. This is just the very, very
1:07:10
beginning of the story. And guys, when 50 years from now
1:07:16
when you're going to be talking to your grandchildren and your
1:07:19
family and whatever, you're going to talk, you're going to
1:07:21
be talking about the good old days.
1:07:23
These are the good old days. We are living the good old days.
1:07:27
These are the moments that you will never forget when we were
1:07:30
fighting the monetary demons in the on the battle in the
1:07:34
battleground of the Internet, in the digital trenches, out
1:07:38
memeing them. You will never forget these
1:07:41
moments in your life, and the question that you have to ask
1:07:44
for yourself is what side were you on?
1:07:47
What were you doing during the separation of money and state?
1:07:50
What were you doing during this disintermediation of
1:07:53
information? What side were you on?
1:07:56
Were you on the side of the collectivist or were you on the
1:07:59
side of, in the end, the individualist?
1:08:01
Were you on the side of freedom or were you on the side of
1:08:04
slavery? Were you on the side of central
1:08:06
bank digital currencies? Or were you on the side of
1:08:09
Bitcoin? And you know when?
1:08:12
When the dust settles, you will never forget that.
1:08:16
You will never forget what side you were on.
1:08:19
So buckle up, take self custody, properly secure your seed
1:08:25
phrase, do it on titanium, and it's going to be a hell of a
1:08:29
year. Anyways, guys, I hope you
1:08:30
enjoyed the first episode of Simply Bitcoin Live.
1:08:34
We're back. We'll be back.
1:08:38
We'll be back with the meme review in full force on Fridays.
1:08:43
Opti is going to be dropping in hot.
1:08:44
Maybe we do it Wednesdays as well.
1:08:46
I don't know. Yeah, let's, let's, let's do a
1:08:49
meme review tomorrow, Opti. Why not Let's do a meme review
1:08:51
tomorrow. Let's do a meme review tomorrow.
1:08:54
We got to give the people what they want.
1:08:56
But we love you guys. We're really happy to be back.
1:08:59
Thank you guys so much for letting us take a break.
1:09:02
Really, really helped with our mental health.
1:09:06
It it's it's really a grind making content.
1:09:09
I'm not going to lie, it really, really is.
1:09:12
And if you do that progressively for three years straight, it
1:09:14
really starts to you go. Crazy.
1:09:17
Yeah, it really starts to take a toll.
1:09:19
And what what a lot of people don't know also is that my day
1:09:22
job is at swan. So I make I I I managed the the
1:09:25
swan channel and I managed the simply Bitcoin channel.
1:09:28
So it's it's it's very, very taxing to say the least.
1:09:33
But I hope you guys enjoy the content and we really put our
1:09:38
heart and soul into it. Also, shout out to the rest of
1:09:41
the Simply Bitcoin team, We would not be here without them.
1:09:44
Sophie, Ani, Jax, Morpheus. And of course you know, our head
1:09:49
of Growth and you know the mastermind behind the Simply
1:09:54
Originals, our Boy Ruston who's going to be dropping some fire
1:09:57
content very, very soon. Rustin's going to be taking it
1:10:00
up, taking it up a notch this year.
1:10:03
Also our master editor, John of course.
1:10:07
So the the Simply Bitcoin team and crew is very thankful for
1:10:11
you guys. Like I said, we would not be
1:10:13
here without you, our boy Zach, our awesome writer.
1:10:17
And am I missing anybody Opti have so many people, just Boy
1:10:22
and Isaac who is literally running the business.
1:10:26
And everyone that's gonna fill in on the Wednesdays, we got a
1:10:30
roster of people, shouts out the Mike Hobart.
1:10:33
We'll have a few more people that fill in with us.
1:10:35
But you are another deal, guys. We love you.
1:10:37
We appreciate you guys spread all the Bitcoin signal.
1:10:40
It's all about getting people on the Bitcoin standard.
1:10:42
This is the way. This is how we win.
1:10:45
It's people holding the best money in the world.
1:10:48
Freedom, money. Wait, hold on.
1:10:50
You're against Bitcoin. You're against freedom.
1:10:53
Boom. Exactly.
1:10:55
Yeah. Listen, let's go 2024 coming in
1:11:01
strong. All right guys, we will.
1:11:03
If you guys enjoyed the show, you know to do smash that like
1:11:04
button, consider subscribing if you feel like we provided you
1:11:07
value. But the number one thing you
1:11:08
could do to help push the peaceful Bitcoin revolution that
1:11:10
share Bitcoin content, don't share shit coin content, altcoin
1:11:14
content. It's counterproductive in our
1:11:16
opinion. Even though we respect all
1:11:18
content creators share Bitcoin, content doesn't.
1:11:21
Matter. You know, don't be exclusive of
1:11:23
what Bitcoin content you're going to share.
1:11:25
Share all Bitcoin content. It's OK to disagree, Bitcoiners.
1:11:29
It's OK to disagree. We all have a different
1:11:31
approach. So.
1:11:34
But we love you guys and we'll be back tomorrow for another
1:11:39
episode of Simply Bitcoin Live. Peace out everybody.
1:11:44
Enjoy the rest of your day.