Latest / Simply Bitcoin / Worlds LARGEST Exchange Drops BOMBSHELL REPORT | EP 1373

Transcript

Worlds LARGEST Exchange Drops BOMBSHELL REPORT | EP 1373 · Simply Bitcoin

• 0:00
  Yeah. Most people think the bear
• 0:02
  market just started, but the world's largest exchange,
• 0:06
  Coinbase, quietly dropped a new bombshell report that suggests
• 0:12
  Bitcoin is about to surprise everyone.
• 0:15
  And it's not just this new. Report making bullish
• 0:17
  suggestions. Bitcoin closed above a very
• 0:21
  important level yesterday. Before we get to all of that,
• 0:25
  let's not forget Coinbase serves some of the largest sovereign
• 0:30
  wealth funds and institutions in the world, and they probably
• 0:33
  know more about what's going on behind the scenes than most.
• 0:38
  And This is why they. Said a while back.
• 0:41
  Let's check out the clip. Well, if you're, if we're
• 0:45
  talking about an end, you know, sovereign wealth fund or pension
• 0:48
  fund and we, we have conversations going with, with
• 0:51
  many of these, the fastest any of these entities can move is
• 0:57
  generally two quarters, right? There's all these processes that
• 1:03
  exist. So generally speaking, if you're
• 1:06
  going to do something, you have to propose to do it, right?
• 1:10
  And that has to be approved generally by the investment
• 1:13
  committee. Most large plans have an
• 1:15
  investment committee every quarter, right?
• 1:18
  So there you go. And if you're going to propose
• 1:21
  to do something, often times you're going to propose that you
• 1:23
  want to do something and then you have to propose to then to
• 1:26
  your point, think about execution, which there is really
• 1:29
  a search. So you have to propose the
• 1:31
  allocation, you get approved for it.
• 1:33
  And then you got to go search for the manager or the OR the OR
• 1:38
  their fund or the direct access platform, right?
• 1:42
  So best case scenario for somebody, and we know a couple
• 1:46
  of these plans, the best case scenario is literally two
• 1:49
  quarters in most cases. So we wrote a piece couple years
• 1:54
  ago saying where are where are all the institutions?
• 1:57
  Well, they're now here, but not everywhere.
• 2:01
  And even those that want to move, it's going to take some
• 2:04
  time. I think we're going to see, you
• 2:06
  know, we're going to come back from summer vacation and I think
• 2:11
  in September. After I get back from Saint
• 2:12
  Sebastian. San Sebastian and and and then
• 2:15
  you're, you're working in Italy, I think.
• 2:17
  Yeah. Yeah.
• 2:19
  But I, I think we're going to see some big headlines in Q3
• 2:24
  which will wake, wake up the market and say, OK, well, it's
• 2:27
  not for everybody, but for this subset of investors, maybe it
• 2:30
  should be in your benchmark, right.
• 2:32
  And and that sort of endorsement value we haven't actually really
• 2:36
  seen, right? So that's absolutely massive,
• 2:40
  ladies and gentlemen, right. And now while everyone is
• 2:42
  thinking, you know, and it could be true, right, the four year
• 2:46
  cycle could hold up until it's not.
• 2:48
  Nobody knows until the cycle actually breaks.
• 2:52
  That's when you know, the, the, the concept of a four year
• 2:56
  cycle, it's intact until it's not.
• 2:58
  And the fact is, as we, we still have, you know, about a month
• 3:02
  and a half left in Q4 and Bitcoin could head into all time
• 3:06
  highs and then we could be heading into a bear market in
• 3:10
  2026. I think the thing that catches
• 3:13
  everybody by surprise this time is the fact that we never
• 3:18
  entered A euphoria phase in Bitcoin.
• 3:22
  Also, what changes things is the fact that institutions,
• 3:25
  sovereign wealth funds and also the administration in the United
• 3:29
  States that the president, President Trump owns the 6th
• 3:33
  largest Bitcoin treasury company.
• 3:35
  Right. BlackRock, the most popular ETF
• 3:39
  launch in history that they've ever had and the most profitable
• 3:42
  ETF that they've ever had is the Bitcoin ETF, right?
• 3:47
  So if you put all of those things together, the fact that
• 3:51
  we've been consolidating at 100K for an entire year, with all of
• 3:57
  those other things being true, is it too much of A stretch to
• 4:03
  say that 2026 can continue? And the thing about markets is
• 4:10
  that markets do the exact opposite of what the consensus
• 4:13
  believes and what the consensus thinks.
• 4:16
  And that would go against the consensus because the mainstream
• 4:20
  consensus right now on Bitcoin X or Bitcoin Twitter is that, hey,
• 4:25
  you know, the four year cycles, you know that they could, they
• 4:27
  could be a thing. But if you take.
• 4:30
  A look at the quantile model that you know some of the
• 4:35
  bitcoiners have been developing. If I can find it here on my
• 4:39
  screen, Bitcoin really isn't overheated in the grand scheme
• 4:44
  of things. I mean, like it's it's really
• 4:47
  not like take a look at this. I think this guy does fantastic
• 4:51
  work. We've had him on the show
• 4:53
  before. His name is Cena.
• 4:55
  And then here's Stefan Lavera. Bitcoin OG's been in the space
• 4:59
  for a while. Absolutely love his podcast,
• 5:01
  good friend. And he says gives us a sense of
• 5:05
  where things are. We didn't have a crazy euphoria.
• 5:08
  So to me, it's pretty unlikely we're going bear cycle now,
• 5:12
  despite the recent sentiment. And you got to ask yourself,
• 5:17
  even though we're at 100K, even though we're at $100,000 right
• 5:21
  now, what is the sentiment of the market?
• 5:24
  It's bad, it's not good. People are not feeling bullish
• 5:28
  about the price of Bitcoin right now.
• 5:31
  In fact, if you take a look at retail interest, it's the lowest
• 5:37
  it's ever been in a very long time.
• 5:40
  Take out this tweet from Naria Nepal.
• 5:42
  He says there's virtually 0 social social interest in crypto
• 5:47
  and Bitcoin right now. I mean, this is the lowest it's
• 5:51
  ever been since the bear market of 2018-2019.
• 5:57
  So retail is not paying attention to Bitcoin, mainstream
• 6:02
  is not paying attention to Bitcoin.
• 6:04
  And we're consolidating above $100,000.
• 6:09
  So to me, if you put two and two together and again, this is not
• 6:12
  financial advice, but if you just lay out the facts, a
• 6:17
  sovereign wealth funds are interested.
• 6:20
  They're actively buying Bitcoin. The president's son confirmed
• 6:24
  that the other day. You have the president of the
• 6:26
  United States owns the 6th largest treasury company.
• 6:29
  You have Michael Saylor buying all of the available supply.
• 6:33
  So when these Bitcoin Ogs exhaust the selling, they run
• 6:39
  out of coins to sell. Where do you think the price is
• 6:42
  going to go? And again, that would go, that
• 6:45
  would go against general market consensus because everyone and
• 6:49
  their mother believed that Q4 was going to be extremely
• 6:52
  bullish. And the exact opposite happened.
• 6:56
  Bitcoin did something that no one expected, which is what
• 7:00
  markets do because if everyone thought the same thing, it just
• 7:04
  wouldn't make sense, right? There's winners and there's
• 7:06
  losers and markets at the end of the day.
• 7:09
  But anyhow, so take a look at this post from Cena says if you
• 7:13
  consider the green corridor, we have been range bound since
• 7:16
  2024, yet the uptrend is intact. Now I said in the very
• 7:21
  beginning, we had a very key number to hit if we wanted to
• 7:26
  stay above the 50, yeah, the 50 week moving average.
• 7:33
  And last night we needed to close above hundred $404,900.
• 7:40
  We did just that. In fact, we got all the way up
• 7:43
  to $106,000 just right before the weekly close.
• 7:49
  So the bullish market structure is still intact.
• 7:53
  And I think this is what's catching everybody by surprise
• 7:56
  is that they don't understand. And I would say that we are an
• 8:01
  uncharted territory. Bitcoins never behave like this.
• 8:05
  Bitcoins never acted like this. We're all, I would say, not all
• 8:09
  of us, but the majority of people on Bitcoin Twitter kind
• 8:13
  of scratching themselves saying, hey dude, when is the pump
• 8:17
  coming? But if you actually take a look
• 8:20
  at the market, it just looks like we're exactly where we need
• 8:23
  to be. It's not really overheated.
• 8:26
  It's not really that cheap. We're kind of right in the
• 8:29
  middle, right? And it shows it right here in
• 8:31
  the Bitcoin quantile model. We're right in the middle of
• 8:35
  things, right? So let's see what happens.
• 8:40
  But the fact that Coinbase, again, is talking about
• 8:44
  sovereign wealth funds that are interested in Bitcoin, I think
• 8:49
  is a very, very, very, very big deal.
• 8:54
  So anyways, I'm going to pass it on to my beautiful wife who's
• 8:57
  joining me today in the cohost seat.
• 9:00
  Opti is currently traveling. We're going to be at Mining
• 9:03
  Disrupt this week, so forgive us while things get shaken up a
• 9:07
  little bit. But Sophie, what are you?
• 9:10
  What are your thoughts on this? Because you've been experiencing
• 9:12
  this with me this entire year. I think we both had expectations
• 9:16
  for Bitcoin in Q4. You know of, of of 2025 with the
• 9:21
  president getting elected, we were celebrating, remember the
• 9:23
  beginning of the year, we were celebrating the inauguration,
• 9:27
  Inauguration day. The price of Bitcoin is 109,000.
• 9:31
  It was good times. Fast forward 11 months later and
• 9:35
  the Bitcoin price is actually lower than than where it should
• 9:42
  be, right? So what's what's?
• 9:44
  Where? Where we.
• 9:45
  Expected it to be. I think that when institutions
• 9:50
  come into the picture, everything suddenly becomes a
• 9:54
  little more bureaucratic, right? I think that it's taking its
• 9:58
  time and it's not that this is the end of the bull run.
• 10:03
  I just think it's what Samson Mao said recently that it's been
• 10:09
  delayed and I think that a lot of important people have bought
• 10:14
  into this at this point and they're not just going to let
• 10:18
  Bitcoin crash. They're not going to let this
• 10:20
  bull run go by the wayside. They are going to make sure, and
• 10:24
  that's kind of what I got from this report, they are going to
• 10:27
  make sure that the bull run is still in play.
• 10:30
  And so it's, it's obviously not meeting our expectations in
• 10:35
  terms of a timeline, but that just means that we have to wait
• 10:38
  a little bit more. Father Time is patient and we
• 10:43
  have to be as well. So it's just a matter of
• 10:47
  figuring out what it is that these institutions really want
• 10:53
  to do and what their intentions are, because at this point,
• 10:57
  they're the ones with the massive amounts of capital and
• 11:00
  it seems like they are in the driver's seat, not retail.
• 11:04
  I I got a question for you. Do you think it's, it's over?
• 11:07
  Do you let's do a wide shot. Do you think it's over?
• 11:09
  Do you think the days of. Sorry guys, I'm pushing buttons.
• 11:12
  Do you think the the the the days of of retail driven Bitcoin
• 11:17
  cycles are behind us? I think in a in a way, yes,
• 11:21
  because in a way I think that we're not going to get the
• 11:27
  euphoria, but we're also not going to get these giant dips.
• 11:30
  Remember that these institutions like stability, they like
• 11:34
  everything to be, you know, controllable in the status quo.
• 11:37
  That's not to say that Bitcoin is now going to be completely in
• 11:41
  their hands. I think that, you know, retail
• 11:43
  still owns the majority of Bitcoin.
• 11:45
  Is that right? So it's, it's still, you know.
• 11:50
  It is right. It is right?
• 11:51
  So I so I don't think that it's going to necessarily be in the
• 11:55
  hands or controlled by institutions or BlackRock or the
• 11:59
  government, but it's definitely like they're the ones that have
• 12:04
  like the majority of the capital.
• 12:05
  So it's, it's going to be a lot more stable than we've seen in
• 12:10
  previous cycles. And that might mean for the
• 12:14
  Bitcoiner who's been holding since 2013, the end of cycles as
• 12:19
  we know them. Yeah, I mean, I mean, let's see
• 12:22
  though, because, you know, to me, what I'm, what I'm, what I'm
• 12:27
  questioning what I'm thinking is, you know, like it it's at
• 12:34
  the end of the day, it's it's human nature, right?
• 12:37
  It's like cycles are human nature.
• 12:39
  It's it's human psychology. And that we just saw this giant
• 12:43
  parabola in the gold markets. Gold was trading sideways for
• 12:46
  like 10 years and then it went parabolic to the point where
• 12:50
  people were lining outside of whatever, wherever it is you go
• 12:55
  and buy gold. I wouldn't know, but they were
• 12:58
  like making lines to go buy gold while the price of gold was
• 13:01
  going up. So again, I, I don't think you
• 13:04
  can remove human psychology from markets, right?
• 13:09
  Like like every, like every stock eventually, like, unless
• 13:12
  the market cap is so big, but even stocks like Tesla, whose
• 13:17
  market cap is huge, is extremely volatile, right?
• 13:21
  So I, I just, I, I just don't see it.
• 13:23
  I think that this year was a very particular, the year where
• 13:27
  I think a lot of people had high expectations that Bitcoin was
• 13:30
  going to do a certain thing. It didn't, which is exactly what
• 13:34
  markets do. I think that there's been a, a
• 13:36
  massive amount of cell pressure from individuals that are
• 13:41
  cashing out. There's an incredible article
• 13:44
  that was written the other day that was basically making the
• 13:47
  case that Bitcoin is having its IPO moment where, you know, a
• 13:52
  lot of these Ogs that were accumulating at, you know, $5 a
• 13:56
  dollar, $100 per coin. They didn't have the liquidity
• 14:00
  to cash out earlier on in the earlier cycles without
• 14:04
  completely crashing the market and they're taking a little bit
• 14:08
  off the top or, or they're just cashing out in general.
• 14:10
  Like we saw that with Mike Novogratz and Galaxy where this
• 14:14
  dude literally, you know, sold. It was, it was like a crazy
• 14:17
  amount. It was like 80,000 Bitcoin
• 14:19
  cashing out $9 billion, you know, and then the, the, the
• 14:25
  official reason given was for, you know, estate planning,
• 14:29
  right? I think that if you have a net
• 14:31
  worth of $9 billion and it's all in Bitcoin and a self custodial
• 14:37
  wallet, you know, I, I, I look, I'm a bitcoiner and I believe in
• 14:42
  self custody. And you know, I, I, I, I'm, I'm
• 14:46
  a total advocate for it. And I think I'll, I'll, no, I
• 14:49
  will always have Bitcoin in self custody because it's the
• 14:53
  ultimate freedom. But again, if you have $9
• 14:56
  billion worth of assets, like even for your family's sake,
• 15:01
  diversifying just a little bit, you know, perhaps into real
• 15:05
  estate, perhaps into, you know, whatever floats your boat.
• 15:09
  It's totally valid. It like, you know, maybe you do
• 15:12
  want to take a look some chips off the top you've been huddling
• 15:15
  at the end of the day like what are you huddling for?
• 15:19
  You're huddling for number go up but eventually number goes up
• 15:22
  and it's it's not like you're going to sell all your Bitcoin.
• 15:24
  I'm never going to sell all my Bitcoin, but like eventually you
• 15:29
  want to take a little bit off the top to to upgrade your
• 15:32
  lifestyle or fund the business that you want to fund or invest
• 15:35
  in the company that you want to invest in.
• 15:37
  Eventually it reaches that point, right?
• 15:40
  So for these O GS that have 10s of thousands of coins, I think
• 15:45
  the point got there where they knew that there was enough
• 15:47
  liquidity where they can sell all this Bitcoin into the
• 15:50
  market. But I think the surprising part
• 15:52
  to me is the fact that Bitcoin has held that 100K price target
• 15:59
  extremely well. It's refused to go below
• 16:03
  $100,000. And we've had some, we've had
• 16:06
  some scares. I think it went to 9898, ninety,
• 16:09
  9000, but it shot back up extremely quickly.
• 16:13
  So yeah, I don't know. You've been living through this
• 16:16
  with me this entire year. We've been talking about this,
• 16:19
  bickering about it. So I want to get your thoughts
• 16:21
  on that. So.
• 16:23
  I wouldn't say that we were bickering about it.
• 16:24
  I would say maybe. Maybe I was the one bickering.
• 16:31
  I would say that we were, we were just worried because it
• 16:33
  wasn't meeting our expectations. And it's totally valid for these
• 16:37
  people to take money out. You know, the purpose of money
• 16:40
  isn't for it to just sit there and be a number on a screen.
• 16:43
  The purpose of money, aside from it hopefully holding its value,
• 16:49
  which is what Bitcoin tries to to or is achieving it's to
• 16:54
  actually enjoy it and to actually use it so that you can
• 16:58
  enjoy it with like the things that it can afford you, right.
• 17:02
  It's so that you can buy hopefully like that home or that
• 17:06
  second home so that you can maybe in like your 60s, buy a
• 17:10
  yacht, don't buy a yacht. It's like the worst idea ever,
• 17:12
  but you know what I mean? Like you want to buy that thing
• 17:15
  that you've always dreamed of and you want to enjoy it.
• 17:18
  And and that's the, you know, purpose of money, especially
• 17:22
  like later on in life or you want to give your kids an
• 17:26
  education, you want to, you know, move to a different
• 17:30
  country. There's a lot of reasons why
• 17:32
  people might cash out. Obviously that amount you're
• 17:35
  going to assume that they're trying to go for something a
• 17:38
  little bit, you know, more luxurious in the billions, but.
• 17:44
  And I can't. It kind of all depends though,
• 17:46
  right? It kind of all depends, you
• 17:48
  know, cuz like it, it all depends on your taste, right?
• 17:50
  It all depends on what you're trying to get out of your life.
• 17:52
  But personally I don't. Know the the message, The
• 17:55
  message I want to get across though, is like, at the end of
• 17:59
  the day, money's a tool, right? So like people are different,
• 18:03
  people like different things. Some people like fast cars, some
• 18:05
  people like yachts, some people like planes, some people don't
• 18:09
  like those things. Some people are much more
• 18:11
  simple. I know people that have a lot of
• 18:13
  money and they literally dress exactly the same.
• 18:16
  They're super chill, they fly commercial and they just don't
• 18:19
  care. But fundamentally, at the end of
• 18:21
  the day, money is a tool. Like that's what money is for,
• 18:24
  right? And like you're not going to be
• 18:27
  able to take your Bitcoin with you, right?
• 18:29
  So eventually you're going to use that tool to fund, right,
• 18:34
  Whatever it is that you're trying to get out of life.
• 18:36
  Again, whether that's, you know, the more materialistic things,
• 18:39
  whether that's a 'cause that you're, you're you, you want to,
• 18:43
  you know, get behind, whether that's a spiritual thing, right?
• 18:46
  That you want to get behind it. It it's it's very personal.
• 18:50
  It's very personal to you. And I completely understand that
• 18:53
  if you've been holding Bitcoin for, you know, 15 years, it kind
• 18:58
  of makes sense for you to take a little bit off the top, right?
• 19:02
  But anyways, here's another clip of again of of of a Coinbase
• 19:08
  executive talking about institutions and sovereign
• 19:11
  wealth funds piling in. Instead of that was occurring so
• 19:15
  institutions sovereigns patient pools of capital were piling in
• 19:19
  during April which which resulted in about a 13% increase
• 19:23
  in Bitcoin versus 10 1/2 for gold and retail via the ETF
• 19:27
  we're exiting. So you got kind of asked
• 19:28
  yourself, what do the institutions know where the?
• 19:30
  Institutions buying Bitcoin direct.
• 19:34
  And how many of them are now buying via ETFs or other forms?
• 19:38
  Well, hard to say they don't, especially the sovereign wealth
• 19:41
  funds don't report right now, but you're.
• 19:42
  Also, I imagine seeing the ETFs buying because the ETF should be
• 19:45
  buying in. The last couple of days.
• 19:47
  But the ETF should be buying on a relative basis on behalf of
• 19:49
  their customer base. Right, assuming there were
• 19:52
  inflows, right, But the last couple last couple days, yes,
• 19:54
  we've had but still as of yesterday could change today
• 19:57
  we've had net negative ETF inflows.
• 19:59
  So this the first reason is the dollarization.
• 20:02
  The second reason is this tech unwinding of this big levered
• 20:05
  tech trade and Bitcoin trading on its core characteristics,
• 20:09
  which again are similar to gold, you've got scarcity,
• 20:11
  immutability, non sovereign asset portability.
• 20:14
  So trading the way. People who believe in Bitcoin
• 20:18
  would like it to trade. The last was to me the most
• 20:21
  interesting, which is spoke to a couple of traders who said,
• 20:23
  look, if you, if you believe these conditions, these de
• 20:26
  dollarization conditions are going to persist, you're looking
• 20:30
  at gold obviously first and foremost, but maybe you missed
• 20:32
  out on that trade. You're looking at that rally and
• 20:34
  saying I missed the, I missed the boat on that.
• 20:37
  So what other assets could participate in that market
• 20:40
  panic, long term inflation hedge?
• 20:42
  When you do the work, there's a very short list of assets that
• 20:46
  mirror the characteristics of gold.
• 20:48
  Bitcoin is on that short list in addition to the four
• 20:50
  characteristics I mentioned. It's mining scarcity.
• 20:53
  It's mining difficulty gets harder over time.
• 20:56
  Yeah. And you can add two or three
• 20:57
  more good things about Bitcoin that you didn't even mention.
• 21:01
  So I mean, maybe it never is used to wire money or whatever
• 21:06
  you want to call it over to. To the Far East or something.
• 21:09
  But you certainly can do it instantaneously.
• 21:11
  Frictionless and you can do it overnight.
• 21:13
  And you don't have to in gold. I mean, you bet.
• 21:15
  It's heavy. You better store it.
• 21:17
  You better insure it. I mean, there's a lot of things.
• 21:19
  Portability isn't under looked at, it's under emphasized skill
• 21:24
  asset. It's very, very hard to
• 21:27
  transport lots of large amounts of cash.
• 21:29
  It's very, very hard to transport large amounts of gold.
• 21:31
  You can't put $400 million of gold on a small disk drive, tuck
• 21:35
  it under your arm and move if you need to.
• 21:39
  So I do want to address a lot of the comments, right?
• 21:41
  Clearly I triggered a lot of people.
• 21:44
  So yes, you can take your Bitcoin with you.
• 21:47
  Yeah, I mean, technically you totally can if you don't tell
• 21:51
  anybody your private keys, you know, and and you pass away like
• 21:57
  you know that Bitcoin is. Yeah, I was going to say I would
• 21:59
  definitely not sell my Bitcoin as an inheritance plan because
• 22:05
  they can tax that inheritance plan.
• 22:07
  They can. What do you what do you mean
• 22:08
  sell it as an? Inheritance like you.
• 22:10
  You mentioned a lot of like these people who are older like.
• 22:13
  So but but it was estate planning to be.
• 22:15
  Specific estate planning, well, yes, sorry like inheritance
• 22:18
  planning, but estate planning they will, they will tax you for
• 22:24
  for. No, I mean, but I think there's
• 22:25
  ways to do it with the trust. There are very few ways, very,
• 22:30
  very few ways that you know you not every.
• 22:33
  Yes, there are ways. However, what better way than to
• 22:38
  leave your family the Bitcoin that you already stacked for
• 22:42
  years and years? Yeah, but I mean, it's that's a
• 22:45
  good point. But again, technically right,
• 22:48
  Like legally speaking, if you pass away and you have $9
• 22:55
  billion worth of Bitcoin and that gets passed on to your
• 22:59
  family members you own, you owe taxes on that.
• 23:03
  Right. Even if it's in self custody.
• 23:06
  Of course, yeah. So if you pass away, sorry, like
• 23:09
  really? Yes, of course, that's the law.
• 23:12
  Oh man. Like, OK, like you can be shady
• 23:16
  about it and you can like break the law and like, just say, OK,
• 23:20
  here are the words and, you know, whatever.
• 23:23
  But like, as the law stands right now, if you pass on
• 23:27
  Bitcoin, like if you pass away and you get and you leave your
• 23:32
  Bitcoin to your, you know, to your relatives and it's above, I
• 23:37
  think the threshold is $13 million, which is a lot of
• 23:40
  money. It's a lot of money, right?
• 23:43
  But this person had $9 billion, right?
• 23:46
  So imagine paying 9 billion, half of $9 billion to the
• 23:50
  government. That's the that's the estate
• 23:55
  tax. Got it, got it, got it.
• 23:56
  So if you're thinking about it, if you've been holding on
• 23:59
  Bitcoin for like 17 years, right, and you started stacking
• 24:04
  when you're 20 and now you're like 37404550 and you're like
• 24:10
  listen, like like even if you didn't sell the whole stack,
• 24:14
  you're thinking OK, like I got to start thinking I I got it
• 24:18
  literally he give the reason I. Got I mean, I, I, I love this
• 24:21
  comment. I love this comment.
• 24:23
  How would they even know? No, no, no.
• 24:25
  I mean, this is totally true. This is totally true, right?
• 24:29
  Like it like we're going to talk about this like later on during
• 24:31
  the show where there's a recent law in Europe that by 2027
• 24:36
  they're going to be banning 10,000 any, any cash transaction
• 24:41
  over $10,000, sorry, €10,000 in Europe is gonna be banned in
• 24:46
  2027. We actually posted yesterday on
• 24:50
  the Simply Bitcoin X account, how that relates also to Bitcoin
• 24:55
  and crypto in general, Bitcoin and crypto transactions in
• 24:58
  general, and where this is this is going.
• 25:01
  And if you think it's a coincidence that this is
• 25:03
  happening while they'll while they are simultaneously talking
• 25:07
  about launching ACBDC, you have your head buried in the sand and
• 25:12
  you're not really paying attention to what's happening.
• 25:14
  But I will say is that like, yeah, I think it gets to a point
• 25:20
  where, you know, look, if you have $9 billion of Bitcoin and
• 25:25
  you have a family, you know, you're, you're thinking about
• 25:29
  like, OK, like. Yeah, I made it.
• 25:32
  I made it. No.
• 25:33
  But it's not, it's not only that.
• 25:35
  It's like you're thinking about it.
• 25:36
  You're like, OK, like, what if something happens to me?
• 25:39
  You know, technically my family's on the hook for 50% of
• 25:42
  this if they want to follow the law.
• 25:47
  Damn. So, yeah, I mean, and, and a,
• 25:50
  and a way you can mitigate, mitigate, you can mitigate that
• 25:54
  is through trust. If you set up a trust, then you
• 25:58
  know, you can legally, you know, get out of, you're not really
• 26:02
  getting out of it, but you can tax optimize that situation.
• 26:07
  And I think with that amount of money, I think that's a serious
• 26:11
  consideration for people. OK, well, now you know.
• 26:14
  But I, I see, I see a lot of people in the chat just like,
• 26:18
  look, I'm taking it to the grave.
• 26:19
  I'm definitely taking some Bitcoin to the grave for sure.
• 26:24
  But I see a lot of people saying I'm never selling.
• 26:27
  It's like, OK, like I completely agree.
• 26:29
  Like I'm I'm never selling. Like what are you going to sell
• 26:32
  Bitcoin for? You're going to sell Bitcoin for
• 26:35
  an inferior asset. So I completely agree with you
• 26:37
  there, but at the same time, you're not paying attention to
• 26:41
  what if what if you've been holding Bitcoin for 17 years,
• 26:44
  right? And what if you do want to get a
• 26:47
  better house? What if you you know, I see
• 26:49
  someone in the chat talking about paying off my daughter's
• 26:53
  student loans when it finally hit up 100,000 as promised them
• 26:57
  was priceless to me. Now they believe in the power of
• 26:59
  Bitcoin, like, you know, Bitcoin is not an investment, it's an
• 27:03
  exit. I completely agree with all of
• 27:05
  those things. But at the end of the day,
• 27:07
  someone's in the chat says bro lost future millions to pay off
• 27:10
  student loans early. Like that's the thing.
• 27:13
  Like guys like, I think, I think I want you guys to understand is
• 27:16
  that like at the end of the day, look like your life isn't an
• 27:21
  eternity. Like life, you know, you, you,
• 27:24
  you know, with like there, there's a certain amount of
• 27:27
  years that you're going to live. Eventually you're going to want
• 27:30
  to live a little bit, right? I understand if you're in the
• 27:33
  first years of stacking, that makes perfect sense, But
• 27:36
  eventually you're going to want to live out, you're going to
• 27:38
  want to live a little bit, right?
• 27:40
  Does that mean you're going to sell your Bitcoin or you know,
• 27:43
  I've seen some people do this. I personally would I, I actually
• 27:46
  don't own any Bitcoin, but if I did own any Bitcoin, I
• 27:50
  personally wouldn't sell that Bitcoin to buy an ETF or
• 27:54
  anything. But you know, to each their own,
• 27:57
  like to each their own. Everyone has a different risk
• 27:59
  profile. Like I will say, if you have
• 28:01
  billions of dollars of Bitcoin in self custody, boy do that
• 28:07
  self custody setup must must be really, really, really good.
• 28:11
  Oh yeah, no. And talk about people who might
• 28:14
  not even be able to sleep at night because because of their
• 28:18
  setup, you know, maybe some people after holding for a
• 28:22
  really long time just kind of want the convenience and the,
• 28:26
  you know, I saw this really cute meme the other day and it was a
• 28:30
  bunch of whales like or like it was a picture of whales giving,
• 28:35
  you know, passing on that Bitcoin to the next generation
• 28:38
  of Bitcoiners. And I think there's some truth
• 28:40
  to that because, you know, Pete, there's still so many more
• 28:44
  people who could benefit from Bitcoin.
• 28:47
  And these people have kind of gotten to the end of their rope.
• 28:53
  I, I would say $9 billion is the end of your rope.
• 28:57
  And now they get to, you know, enjoy their Fiat, enjoy their,
• 29:01
  you know, whatever the inheritance and estate planning
• 29:05
  stuff I had no idea of. So now, you know, but you know,
• 29:09
  some people, there's also people who have like loved ones in
• 29:13
  hospitals or who have like emergency situations where they
• 29:18
  need to pay off like certain debts or they need it to save
• 29:21
  somebody's life. So, you know, it's, it's what
• 29:25
  Nico said. Everybody has a different risk
• 29:27
  profile. Everybody has a different
• 29:29
  purpose for why they need the money that they need.
• 29:32
  And you know, we can't judge. We can only hope that future
• 29:37
  generations buy buy Bitcoin. It's their Bitcoin to sell,
• 29:42
  right? And another thing too, like I
• 29:43
  see it in the chat, right? Like you can borrow against your
• 29:46
  Bitcoin, like one of our, one of our partners LED in like they're
• 29:50
  fantastic. Like you can borrow, you can
• 29:52
  borrow against your Bitcoin. But I will say is like be
• 29:54
  careful with that, right? Because they're, you know,
• 29:57
  Bitcoin's extremely volatile and like, you don't want to get
• 29:59
  margin called. But yeah.
• 30:01
  Well, not anymore. It's not as volatile as.
• 30:04
  We want I. Know Bitcoin bitcoin's become a
• 30:06
  stable coin clearly but before it became a stable coin it was
• 30:10
  volatile I also think that this year's a fluke so like this
• 30:14
  year's a fluke like. Is it really though?
• 30:17
  I think it's all part of the process.
• 30:19
  It's not so much a fluke so much as it is part of hyper
• 30:24
  bitcoinization. It's part of what happens when
• 30:27
  these institutions finally buy in and they decide to, you know,
• 30:32
  become part of the movement, Not because they want the
• 30:35
  revolution, mind you. You always like we're still in
• 30:39
  the fight them stage in my opinion, but this is what
• 30:43
  happens. Things start to slow down.
• 30:45
  You you kind of see the same thing when people went out West
• 30:50
  to California to mine gold. There was this huge rush and
• 30:54
  then all of a sudden a bunch of people owned gold.
• 30:57
  The government, you know, had it as what backed our currency and
• 31:03
  you know it the the price started stabilizing until now
• 31:06
  until it ran up to $4000 an ounce.
• 31:10
  I mean, the price, the price of gold did go sideways for what it
• 31:14
  was like a decade, which was pretty crazy.
• 31:18
  And then all of a sudden it had its parabolic movement and the
• 31:21
  NASDAQ was pumping too, while Bitcoin was going sideways.
• 31:25
  While Bitcoin has been going sideways.
• 31:27
  Like that's obviously not a good feeling.
• 31:29
  I see someone in the chat, very good observation.
• 31:32
  Q4 is is not over. This is true, but I will say is
• 31:37
  that I think the lesson of this cycle is like, you know, don't
• 31:41
  have any expectations in Bitcoin.
• 31:43
  I think, I think that's a bad, but I think it's a, it's a
• 31:47
  combination. It's.
• 31:48
  About don't have any expectations in life, actually
• 31:52
  you'll be a whole lot better if you just.
• 31:54
  I think you should have expect. I think you should have
• 31:55
  aspiration. You should have aspirations but
• 31:57
  not expectations. I think expectations will screw
• 32:01
  you over for sure. Okay, okay, some wisdom, some
• 32:04
  wisdom dropping. The Mom wisdom.
• 32:06
  Anyways, guys, it's going to be an incredible show.
• 32:10
  I think this is the first show that me that that Sophie and I
• 32:13
  do the do the the the show and the studio together.
• 32:17
  This is this is fun. This is interesting some husband
• 32:20
  wife type of content. So I'm enjoying it.
• 32:25
  People in the chat says don't borrow against your whole stack.
• 32:27
  Yeah, that that's absolutely reckless.
• 32:29
  I would say don't take out more than 5%.
• 32:32
  I would say anything above that is starting to get into
• 32:35
  dangerous territory if you are to take a a a a Bitcoin
• 32:39
  collateralized loan. But again, everyone has their
• 32:42
  their risk risk tolerance like SAT wise Janks says far against
• 32:47
  your Bitcoin. If it ever drops 50% when it
• 32:50
  pumps again, you will you will greatly reduce the debt
• 32:53
  percentage against the value of Bitcoin.
• 32:54
  No way to be liquidated. Yeah, again, you just have to be
• 32:59
  you have to be extremely responsible if you are going to
• 33:02
  take a Bitcoin collateralized loan.
• 33:05
  We, we've done so I, I think it's a, it's a, it's a fantastic
• 33:09
  product, product by our friends over at Leaden.
• 33:12
  But anyways, guys, it's going to be a great show.
• 33:14
  We have to talk about, we're going to be talking about lots
• 33:16
  of things today. But before we do that, I do want
• 33:20
  to give a very special shout out to, of course, our lead sponsor,
• 33:24
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• 34:26
  All right, everybody. We're going to be right back in
• 34:28
  just a bit. We're going to start the show.
• 34:30
  We have tons of things to talk about.
• 34:33
  The government shutdown finally finished.
• 34:35
  Is that going to cause the price to pump?
• 34:38
  Maybe. Also, square block of announced
• 34:43
  that finally 4 million merchants all around the world are going
• 34:49
  to have the ability to, they're going to have the ability to
• 34:54
  start receiving payments in Bitcoin.
• 34:59
  That's right. That is a huge, huge
• 35:03
  announcement that we're going to talk about.
• 35:06
  And then during the news segment, we're going to be
• 35:09
  talking about, again, the EU, the EU cash ban, how it's
• 35:15
  related to central bank digital currencies, where this is going.
• 35:19
  And then during the culture segment, I think Sophie and I
• 35:22
  are just going to be talking about, you know, this crazy
• 35:25
  journey that we've gone through together.
• 35:28
  We've been basically together almost our entire lives, but
• 35:31
  this crazy journey that we've been together, you know, kind of
• 35:35
  navigating the Bitcoin industry, the Bitcoin sphere, how that's
• 35:39
  been, how we've grown in the process.
• 35:42
  So I think the culture segment's going to be fantastic too.
• 35:45
  So you guys are? Going to want to stay tuned in.
• 35:47
  We're going to be right back. In just a bit.
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• 37:20
  At the time of recording, the Bitcoin price is $105,980 Block
• 37:25
  height 920 Twenty 3032 market cap 2.11 trillion Bitcoin versus
• 37:32
  gold market cap 7.28% decline from all time high -16% If
• 37:38
  you're buying Bitcoin right now, you're getting it at a 16%
• 37:42
  discount. 16% discount. Anyways, I want to play you guys
• 37:47
  this video again, huge announcement in terms of hyper
• 37:50
  Bitcoin ization, Bitcoin adoption.
• 37:54
  I'm going to play the video and then of course Sophie and I will
• 37:56
  talk about it. Bitcoin can help diversify how
• 38:04
  you spend, save and invest in your business, especially when
• 38:07
  every swipe of a credit card eats away at your bottom line.
• 38:10
  Let's say you run a local grocery chain.
• 38:12
  Most purchases are small, like a bag of produce or a gallon of
• 38:16
  milk, so credit card fees start to add up fast.
• 38:19
  But Square, You can now accept Bitcoin with zero payment
• 38:23
  processing fees, no chargebacks, and your instant access to
• 38:26
  funds. And you choose how money settles
• 38:28
  into your account, whether in USD or Bitcoin, instantly and
• 38:32
  right from your Square dashboard.
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• 38:37
  long haul, you can automatically convert a percentage of your
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  daily card sales into Bitcoin. No extra steps, no added
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  complexity. It's a smart, seamless way to
• 38:45
  build savings in the background, all while keeping your
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• 38:53
  where you find your reports and bank statements.
• 38:55
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• 38:58
  business makes and spends money. Enable Bitcoin payments and
• 39:02
  conversions in your Square dashboard.
• 39:04
  Head to squareup.com/bitcoin to learn more.
• 39:11
  So that that's absolutely. Huge.
• 39:14
  That's massive. This is so cool actually.
• 39:17
  I thought that I hadn't, I hadn't seen the commercial and
• 39:20
  that actually made me feel something.
• 39:22
  Did it make you feel something? I mean, it was, well, it was
• 39:24
  extremely well done. The production value was
• 39:26
  fantastic, but other than that, if you like focus on the
• 39:29
  substance, I think it even downplayed the substance, right?
• 39:33
  Like, you know, again, like I mean it, it kind of had to
• 39:37
  because. This is for mass viewership.
• 39:40
  And, you know, I still worry that that people won't care.
• 39:44
  But it was so well done, honestly.
• 39:46
  Like, I felt the pain of like, you know, not the pain, but like
• 39:51
  the the hope that a small business owner might feel
• 39:54
  watching this and knowing that, you know, there is an easy way
• 39:57
  to accept Bitcoin and for it to work in your business.
• 40:02
  Yeah. I mean, I think it's huge.
• 40:04
  I think it's, it's absolutely massive that the you know that
• 40:08
  you can now like if you are a store, you can now accept, you
• 40:13
  know, you could set Bitcoin as payment and as a bitcoiner,
• 40:17
  right? The fact that you can use
• 40:19
  Bitcoin as money, right? So any, any it's real
• 40:24
  peer-to-peer adoption. Right.
• 40:26
  And the best part about that ad actually for me was the fact
• 40:29
  that you could take a percentage of your Bitcoin and put it into
• 40:34
  self custody for yourself as a business.
• 40:36
  So so now every business has a little SBR.
• 40:39
  Yeah, the every business can. Can build a a strategic Bitcoin
• 40:43
  reserve right for them, which is the way Bitcoin is supposed to
• 40:48
  be. It's it's not just meant for,
• 40:50
  you know, these large institutions that are taking
• 40:52
  advantage or not taking advantage, but they're using,
• 40:55
  you know, the the traditional markets to do a little bit of
• 40:58
  financial engineering to to buy more and more Bitcoin.
• 41:01
  At the end of the day, Bitcoin is money of the people for the
• 41:04
  people. So it's really cool to see, you
• 41:09
  know, square release this product that again, if you have
• 41:13
  a square point of sale, right, So you know, and it's very
• 41:17
  popular, you'll see them all the time.
• 41:19
  I don't know what food chains or anything, but if you go to like
• 41:22
  at a pop, a mom and pop shop, like your favorite Taco place,
• 41:26
  whatever, like a lot of merchants use square as their
• 41:32
  payment. You know, it's not the it's not
• 41:34
  the only one, but a lot of them do.
• 41:37
  And again, what I love about this is market forces do what
• 41:40
  market forces do best. And if, you know, a square
• 41:44
  starts to succeed by offering Bitcoin as a means of payment,
• 41:49
  then it's they're going to force their competitors to do, to roll
• 41:51
  out the same type of product. They're not going to have a
• 41:54
  choice, right, Because people are just going to switch to
• 41:56
  square and say, listen, I, I love you guys, but you guys
• 41:59
  weren't offering this as, as a, as a, you know, as a product.
• 42:03
  So I have to use square because it's the only one in town that's
• 42:05
  able to do so. So this is extremely bullish for
• 42:09
  and it's being released and it's.
• 42:10
  Being released at such a great time as well, because if we are
• 42:15
  to hope that there is still a bull run in play, that means
• 42:20
  that you know, they're getting in right before the price rips
• 42:24
  and people are going to have this already implemented.
• 42:29
  And when it finally does, you know, it's, it's the same thing.
• 42:32
  It's you know, when the price goes up and people call you get
• 42:35
  like that call from your cousin saying, hey, like, can you talk
• 42:38
  to me more about that Bitcoin thing?
• 42:39
  A lot of businesses are going to look at Square and see this
• 42:43
  option and say, hey, maybe our business should be accepting
• 42:47
  Bitcoin, especially since it's so valuable right now.
• 42:52
  I think I think it's it's going to be great for bitcoinization,
• 42:56
  Bitcoin adoption and you know, just businesses in general.
• 43:01
  This is probably better than anything the government could do
• 43:03
  for you. Oh, oh Shot.
• 43:06
  Across the bow. So anyways, yeah, guys, smash
• 43:11
  the like button. If you guys are enjoying the
• 43:13
  show, if you guys are watching us on YouTube, Rumble X Noster
• 43:17
  or you're listening to us after the fact on your favorite
• 43:21
  podcasting platform, make sure to drop a comment, leave a like,
• 43:25
  subscribe, follow the channel. Really, really helps with the
• 43:28
  algos. If you guys are enjoying the
• 43:30
  content, make sure to smash that like button.
• 43:33
  Guys, we still have a loaded show for you guys.
• 43:36
  Some news coming out of Europe and I'm going to connect it with
• 43:39
  their announcements of a central bank digital currency, which we
• 43:43
  actually covered on a Friday show last week.
• 43:47
  It's not a coincidence that they're announcing a central
• 43:52
  bank digital currency in Europe while simultaneously announcing
• 43:57
  that they are limiting trash transactions over $10,000.
• 44:02
  That is not a coincidence and we're going to do a deep
• 44:05
  breakdown on to why that's not a coincidence and we're going to
• 44:08
  be doing a deep breakdown into what your alternative is because
• 44:12
  you really only have another alternative.
• 44:15
  There is no other alternative, right?
• 44:18
  Either work within that system or you opt out into freedom
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  money. And freedom money, of course, is
• 44:25
  Bitcoin. So we're going to be talking
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  about the all of that during the news and then during the culture
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  simply to get 20% off Anyways, I do want to talk about this news.
• 48:36
  I think it's extremely important.
• 48:38
  I'll, I'll read the headline first.
• 48:40
  So Luxembourg Times EU introduces €10,000 cap on cash
• 48:46
  payments The European Parliament and EU member states agreed on
• 48:51
  Thursday to limit cash payments within the EU to €10,000 as part
• 48:56
  of legislation to combat money laundering.
• 49:00
  Some countries, such as France, already have stricter rules than
• 49:04
  the new European provisions on cash payments, but in others,
• 49:08
  such as Austria and Germany, cash payments have have until
• 49:13
  now been unrestricted. The vision is part of a text
• 49:17
  also designed to better combat the financing of terrorism,
• 49:21
  concluded after 2 1/2 years of negotiations due to come into
• 49:26
  force this year. The aim is to harmonize the
• 49:29
  existing highly disparated regulations in the 27 EU
• 49:33
  countries in order to detect and limit dubious transactions.
• 49:38
  This agreement quote will ensure that fraudsters, organized crime
• 49:43
  and terrorists will no longer be able to legitimize their profits
• 49:47
  through the financial system. The new legislation also
• 49:51
  harmonizes and tightens the rules against money laundering,
• 49:54
  terrorist financing imposed on banks, real estate agents and
• 49:58
  casinos. These entities will have to be
• 50:01
  able to identify their customers or the owners of assets behind
• 50:05
  opaque financial arrangements. The applications of these rules
• 50:10
  will be extended to the crypto asset sector to ensure
• 50:14
  traceability there too. They will also apply to trade in
• 50:18
  luxury goods such as precious metals, jewelry and watches, as
• 50:22
  well as high end cars, private yacht, private jets and yachts.
• 50:26
  Finally, professional football clubs and their agents will also
• 50:31
  be subject to the tougher regulations, but only after a
• 50:34
  transitional period of five years following the entry into
• 50:38
  force of the text from 2029 and then later.
• 50:42
  The new legislation will also strengthen the powers of
• 50:46
  financial intelligence units. In December, the European
• 50:50
  Parliament and the member states approved the creation of a
• 50:54
  European agency to combat money laundering and terrorist
• 50:57
  financing. Several countries, including
• 51:00
  France, Germany are seeking to host the agency's headquarters.
• 51:05
  The new agency, known as Amla, will be responsible for
• 51:10
  supervising coordinating national authorities to better
• 51:14
  detect and combat suspicious cross-border activities.
• 51:18
  This package of measures was proposed by the European
• 51:21
  Commission by 2021. On Thursday, Financial Service
• 51:26
  Commissioner Marilyn Guinness welcomed, quote an important
• 51:30
  step forward in the fight against dirty money in the EU.
• 51:35
  Now moving on to simply bitcoins coverage of this.
• 51:40
  And we did get some comments in the in the just just Lola elites
• 51:48
  and some people were commenting in terms of to be specific
• 51:52
  around this, and I'm going to let my own thoughts known.
• 51:55
  So first we posted this very concerning the EU just banned
• 51:59
  cash payments over 10,000. That's completely true and we'll
• 52:03
  ID for every Bitcoin transaction starting in 2027.
• 52:07
  They're criminalizing privacy. Now I want to be specific with
• 52:11
  this part which says will require ID for every Bitcoin
• 52:15
  transaction starting 2027. So let's provide a
• 52:18
  clarification. Shout out to planmen who asked
• 52:23
  Grok to Fact Check it. And this is what Grok said, the
• 52:26
  EU's new. AML regulation sets an EU Why
• 52:30
  10,000 dollar 10,000? Euro cap on cash.
• 52:35
  Payments for goods and services to combat money laundering, with
• 52:39
  Member states able to impose lower limits.
• 52:42
  It was passed by the European Parliament and Council for
• 52:46
  Crypto. It mandates the travel rule for
• 52:49
  transfers over €1000 via exchanges, requiring sender
• 52:55
  slash receiver ID verification and banning account anonymous
• 53:00
  accounts slash privacy coins but not ID for every tiny keyword.
• 53:06
  There, peer-to-peer transaction enforcement falls to national
• 53:11
  authorities under unified EU rules aimed at tracing illicit
• 53:16
  funds while pervert while preserving some self custody
• 53:20
  privacy. Some.
• 53:21
  Now my very obvious question and I got so much heat for we got so
• 53:28
  much heat for this post specifically and the heat that
• 53:33
  we got were like, Nico, that's like that's not true.
• 53:36
  Like you got to be specific like this doesn't apply to crypto and
• 53:40
  Bitcoin. OK.
• 53:41
  I'm going to look at you guys straight.
• 53:44
  Do you think that if they're applying this cap to cash, do
• 53:50
  you think that they're going to be OK with you transacting
• 53:55
  freely on the Bitcoin network? Just use a little bit of common
• 54:00
  sense. Just lose a little bit of common
• 54:03
  sense. Absolutely not.
• 54:06
  Another point I'll make. Do you think it's a coincidence
• 54:10
  that Christine Lagarde goes on, you know, the European Central
• 54:15
  Bank X account and talks about how she's so happy that the that
• 54:20
  the CBDC is going to be rolled out?
• 54:23
  Do you think it's a coincidence that these two things are
• 54:27
  happening simultaneously? Do you think that's a
• 54:30
  coincidence? Absolutely effing not.
• 54:33
  It's not a coincidence. You have a choice in front of
• 54:38
  you. You have a choice of Bitcoin or
• 54:41
  you have a choice of a central bank digital currency.
• 54:45
  They can't completely get rid of cash because it's too
• 54:49
  politically unpopular. But what they're doing is
• 54:53
  they're not. They're normalizing the
• 54:57
  criminalization of privacy. And we're also seeing this in
• 55:02
  the United States where the samurai wallet developer got
• 55:07
  sentenced to the maximum jail time.
• 55:10
  I think he got five years. And by the way, that happened
• 55:13
  under a pro Bitcoin administration.
• 55:17
  So you're seeing the demonization, the
• 55:21
  criminalization of privacy under the guise of money laundering
• 55:28
  and terrorism. Now, you could say, Nico, those
• 55:33
  are good reasons. We want to stop those things.
• 55:37
  I would agree with you, however. Do you guys?
• 55:41
  Remember the Canadian truckers protest do you guys?
• 55:45
  Just look at. History and like has the.
• 55:50
  Government. Ever.
• 55:51
  Abused their power in order. To control their.
• 55:56
  Citizens, that's my question to you.
• 56:00
  The United States of America, the Constitution, was built
• 56:06
  specifically to protect the citizens from the state, from
• 56:13
  the government. That's why the First Amendment
• 56:17
  is freedom of speech. That's why the Second Amendment
• 56:20
  is the right to bear arms. There's a reason for that,
• 56:25
  because the Founding Fathers understood tyranny.
• 56:29
  They understood it fundamentally and they understood that if
• 56:34
  there's two centers, too much centralized control, they're
• 56:39
  going to use that against the citizenry.
• 56:44
  That's going to happen. It's inevitable.
• 56:46
  So when I see this type of regulations and I saw the
• 56:51
  comments like Nico, like that's not 100% accurate.
• 56:55
  You know, this is not 100% like, you know, correct.
• 56:59
  You know, there there's nuance to it.
• 57:01
  Like, OK, got you, got me. There.
• 57:04
  And we told our, we told our Twitter crew said guys, we have
• 57:08
  to be extremely accurate. We have a lot of people
• 57:11
  following us. However, come on dude, use a
• 57:15
  little. Bit of common sense.
• 57:18
  The CBD CS going to be. Launched out.
• 57:19
  Around the same time they're banning 10,000 above €10,000
• 57:25
  cash transaction. Do you really think, do you
• 57:28
  really think they're going to be OK with Bitcoin transactions?
• 57:34
  No. And and then my final point is
• 57:37
  how do you enforce that on the Bitcoin network?
• 57:42
  I understand how you can enforce that when you can limit ATM
• 57:47
  withdraws. I understand how you can enforce
• 57:50
  that with. They already have these
• 57:53
  limitations by the way, with with PayPal, Zelle, cash app,
• 57:58
  they're arbitrary. It's.
• 57:59
  Like you can't send more than 10. 1000 or 5000 or whatever and
• 58:05
  dollars in cash every month, they're already there.
• 58:07
  The limits are already there, right?
• 58:10
  And I'm not going to. Name any names but.
• 58:12
  Certain banks, if you try to wire a transaction to buy
• 58:15
  Bitcoin or something like, they'll just flat out reject
• 58:17
  you, right? They'll just say no, you can't
• 58:19
  do that with your money. Now imagine that system under a
• 58:24
  Bitcoin network where you don't have to ask a bank for
• 58:27
  permission to send the money. Right that.
• 58:30
  System is incompatible. With the old system.
• 58:32
  So how are they going to enforce this?
• 58:35
  Well, just use common sense. Like use the game theory.
• 58:39
  It's obvious how they're going to enforce this.
• 58:42
  They're going to 1st. Again, I'm not a fortune teller,
• 58:46
  but this is where like it's so obvious where this is going.
• 58:50
  First they're going to say you can only withdraw a certain
• 58:54
  amount of Bitcoin. You need to give us an ID of
• 58:57
  where this, you know, ID of the person or you need to verify
• 59:01
  that you are the owner of this address.
• 59:03
  I think they're already, they're already doing that right Then
• 59:07
  after a. While.
• 59:08
  While more and more people are outside of the system, they're
• 59:12
  going to say, yo, we literally cannot stop.
• 59:16
  This peer-to-peer. Thing and people are sending
• 59:19
  much more money peer-to-peer than this €10,000 cap that we
• 59:25
  arbitrarily put in, right. How do we stop this?
• 59:30
  They stop. Allowing.
• 59:31
  Exchanges to withdraw altogether and it all becomes captured
• 59:36
  Bitcoin. That's what happens.
• 59:39
  That's the inevitable outcome of this.
• 59:42
  So when I get corrections in the post, it's like, yes guys, 100%
• 59:48
  we should have been more nuanced.
• 59:50
  But you're missing the bigger effing picture because make no
• 59:55
  mistake, this is where it's heading.
• 59:58
  They want you within the system where there is an intermediary
• 1:00:04
  because they can put pressure in the intermediary.
• 1:00:07
  To become an agent of the state, to enforce rules in a
• 1:00:12
  peer-to-peer system where individuals are transacting in a
• 1:00:17
  peer-to-peer manner. The individuals don't really
• 1:00:20
  have that incentive, do they? And then this concept that if
• 1:00:25
  the world is not heavily surveilled and if the and if
• 1:00:30
  citizens are not able to transact freely, that world is
• 1:00:36
  somehow unsafer and somehow you. Know.
• 1:00:40
  Horrible things are going to happen.
• 1:00:43
  That's a lie. I think the biggest danger to
• 1:00:47
  the world today, the biggest thing that is bringing pain to
• 1:00:51
  people today, are central banks with their money printing.
• 1:00:59
  That is the number. 1. Cause of wealth inequality and
• 1:01:03
  is the number one 'cause as to why people cannot afford
• 1:01:07
  anything. It's not these BS rules that
• 1:01:14
  conveniently benefit the central bankers and politicians.
• 1:01:20
  The number one thing this. Is you want to know why the
• 1:01:24
  election in New York went the way it did?
• 1:01:27
  Do you guys want to know why I did that?
• 1:01:30
  Why a communist won in New York City, the financial capital of
• 1:01:35
  the world, he won. Because he was.
• 1:01:38
  Absolutely right with his messaging.
• 1:01:42
  People cannot afford anything if you are a Gen.
• 1:01:46
  Z. Uh, if you are a millennial, you
• 1:01:49
  can probably not afford a home. That's a fact.
• 1:01:54
  Why did that happen? Because when the central bank
• 1:01:58
  prints money, it inflates. Asset.
• 1:02:02
  Prices. Who owns the majority of the
• 1:02:05
  assets? The wealthy?
• 1:02:07
  The older generations, Gen. Z, millennial, you don't have
• 1:02:12
  savings. Most of them are paycheck to
• 1:02:16
  paycheck. Your salary is not keeping up
• 1:02:20
  with inflation. That's why you feel like you
• 1:02:24
  cannot get ahead every single year.
• 1:02:28
  That's why you feel poorer. That's why you feel desperation.
• 1:02:33
  So. Mandami, I think that's.
• 1:02:35
  How you pronounce his name, right?
• 1:02:37
  Yeah. His messaging was 100.
• 1:02:40
  Percent spot on. Like he was right.
• 1:02:43
  I I fundamentally disagree with him ideologically 100.
• 1:02:49
  Percent in terms. Of his his methods to fix the
• 1:02:53
  problem, but to to to. Say that he did not.
• 1:02:59
  Correctly identify a problem and hit a nerve.
• 1:03:02
  You are 100% naive, he 100. Percent.
• 1:03:07
  Got it right. People can't afford anything and
• 1:03:12
  it's the central. Bank's fault?
• 1:03:14
  It's not capitalism's fault. It's not because your party
• 1:03:18
  didn't win an election. It's not because of greedy
• 1:03:22
  corporations. It's because governments cannot
• 1:03:25
  help but to print money. That is literally what is
• 1:03:30
  happening. And if you switch to a Bitcoin
• 1:03:32
  standard, guess what? Your life.
• 1:03:36
  Gets cheaper. Everyone's life around you, if
• 1:03:40
  they're living on Fiat, it gets more expensive.
• 1:03:43
  If you're living on Bitcoin and using Bitcoin as your unit of
• 1:03:46
  account, you get wealthier overtime.
• 1:03:50
  Everything around you gets cheaper overtime like it should
• 1:03:54
  be to quote. Jeff Booth, the.
• 1:03:57
  Natural state of the free market is deflationary.
• 1:04:01
  The only reason we are not witnessing that as human beings,
• 1:04:06
  or perhaps you're not witnessing that or experiencing that, is
• 1:04:10
  because you're not using Bitcoin as your unit of account.
• 1:04:13
  You're not using Bitcoin as your money.
• 1:04:16
  Anyways, rant over. So.
• 1:04:20
  I'm going to pass it on to you. 'Cause this Europe stuff.
• 1:04:23
  Is crazy and and we were we were in Europe all.
• 1:04:26
  We were in Europe in in the summer.
• 1:04:27
  We we had some fantastic times. You know, we were travelling
• 1:04:31
  different cities, but like. Boy would I not want to effing
• 1:04:36
  live. There I mean.
• 1:04:38
  I would want to live there if it was different than than it was.
• 1:04:44
  Wow, what a rant. If you loved that rant, smash
• 1:04:47
  the like button, subscribe to our channel, hit the
• 1:04:50
  notification bell and share the show with your friends.
• 1:04:52
  But yeah, the that's the thing that people don't realize.
• 1:04:57
  People get so concerned with being accurate.
• 1:05:00
  And, and I understand that for a journalism, I mean, Lola Leets
• 1:05:04
  is a journalist. We're more of journalism slash
• 1:05:08
  entertainment, right? But the reality is that we're
• 1:05:13
  here to see, you know, to zoom out and see the big picture.
• 1:05:17
  And the what the big picture tells us is that this has
• 1:05:21
  happened before. And if this has happened before
• 1:05:25
  with Fiat, then it will happen again or they will try to make
• 1:05:29
  it happen again with Bitcoin. And that's the part that people
• 1:05:33
  cannot let repeat, right? You can't let them, you know,
• 1:05:38
  put us in a position where we didn't learn from the past and
• 1:05:41
  we didn't learn that, you know, this isn't going to work.
• 1:05:44
  Obviously, Bitcoin is very different.
• 1:05:47
  It's totally decentralized. They can't technically make this
• 1:05:50
  happen, but they can make our lives very difficult and put us
• 1:05:54
  in a box or, you know, make it so that there are rules in place
• 1:05:59
  that make Bitcoin that much more inconvenient.
• 1:06:03
  And that's what we have to be afraid of.
• 1:06:06
  I think that, you know, the biggest thing that you can do to
• 1:06:09
  combat this is opt out of the system is, you know, try to buy
• 1:06:13
  Bitcoin non KYC, try to buy bit or use Bitcoin between your
• 1:06:18
  friends peer-to-peer. I would say sorry.
• 1:06:21
  I would say instead of. Say again.
• 1:06:23
  Like I want to be like, like when you say again, I, I when
• 1:06:30
  you say buy. Bitcoin try to buy.
• 1:06:31
  Bitcoin non KYC right? Like, let's reframe it because
• 1:06:35
  that's using their framing, right?
• 1:06:38
  Try. To earn Bitcoin, yes, that's so
• 1:06:42
  much. Better try to mine Bitcoin,
• 1:06:44
  right? You want to mine Bitcoin, you
• 1:06:47
  can mine Bitcoin. You don't need an ID for that,
• 1:06:52
  right? You can earn Bitcoin, you don't
• 1:06:54
  need an ID for that, right? You know you can buy something
• 1:06:58
  off of your friend. You don't need an ID for that
• 1:07:01
  for now, right? I'm I'm.
• 1:07:02
  I'm pretty positive they'll try. I don't think you'll ever need
• 1:07:05
  an ID I. Mean you you.
• 1:07:08
  I think you underestimate. Where?
• 1:07:09
  We are where we are in the movie.
• 1:07:12
  What's happening right now? Like I'll, I'll pass it.
• 1:07:15
  So we, we literally talk about this every single day, right?
• 1:07:18
  Do you remember all the censorship that was happening
• 1:07:21
  with Twitter and X and the fact that they literally deplatform
• 1:07:25
  the president of the United States and they started
• 1:07:27
  deplatforming a bunch of content creators and stuff like that?
• 1:07:30
  Like that was because they were losing their monopoly on the
• 1:07:34
  control of information, and they're still losing it.
• 1:07:37
  I, I would say that what happened there, at least in
• 1:07:41
  terms of the media, is that eventually the free market won.
• 1:07:45
  And I think that eventually the free market is going to win here
• 1:07:49
  as well. I think people are going to
• 1:07:51
  realize that they are not happier in the hands of the
• 1:07:55
  government, that the government is actually not making their
• 1:07:57
  lives any better. And so they're going to realize
• 1:08:01
  pretty quickly that opting out is not only viable but
• 1:08:06
  preferable to having a happier life.
• 1:08:10
  I I don't know, but I don't know about that.
• 1:08:12
  Like I, I just, I, I think, I mean, I think that's what
• 1:08:15
  happened with media. I think people got tired of
• 1:08:18
  being lied to and eventually that led to them switching from
• 1:08:23
  what I mean, it happened. I saw it happen with my mom and
• 1:08:26
  it was like the most interesting thing.
• 1:08:29
  She used to be, you know, total legacy media maxi.
• 1:08:33
  And then all of a sudden she started watching Russell Brand
• 1:08:37
  and and she went down the rabbit hole and started watching, you
• 1:08:41
  know, a lot of independent media.
• 1:08:44
  And I think that that's that same shift in in mentality will
• 1:08:51
  eventually happen when it comes to money.
• 1:08:55
  Yeah, Yeah. I I mean I I.
• 1:08:57
  I I just think it's going to be a lot more bumpy because I think
• 1:09:00
  for sure, 'cause this is, this is.
• 1:09:02
  Money we're talking about. This is Money we're talking
• 1:09:04
  about. That's what I'm saying.
• 1:09:05
  Like. I feel like, like with
• 1:09:06
  information, it's like, yeah, guys, we damn, we lost it.
• 1:09:10
  But look at how much they fought, right?
• 1:09:12
  Like even in the US where like you're explicitly protected by
• 1:09:16
  the 1st Amendment, they didn't give 2 flying FS about that.
• 1:09:20
  Well, but that's because there were.
• 1:09:21
  Also, I'm forgetting the name of this thing that Obama repealed.
• 1:09:27
  It's where now basically the media is allowed to lie to you.
• 1:09:32
  That used to not be the case. Basically you can.
• 1:09:36
  There used to be a law where like propaganda used to not be
• 1:09:40
  legal essentially. And like he kind of removed that
• 1:09:43
  that thing. But the point is, is like, why
• 1:09:46
  is the why is the government in in why is the government which
• 1:09:50
  you pay taxes for in the business of propagandizing you?
• 1:09:55
  That's the that's the illusion, right?
• 1:09:57
  It's like supposedly because the Internet happened because.
• 1:10:00
  The Internet happened, guys. We're going to be right back in.
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  freedom. All right, we're back.
• 1:12:11
  So it was funny. While that was happening,
• 1:12:13
  someone in the in the in the chat is talking about Litecoin.
• 1:12:18
  Read the room. Dude, you're in the wrong.
• 1:12:21
  You're in the wrong show for that.
• 1:12:24
  But you know, I want to give a shout out to a line.
• 1:12:27
  Who actually brought up it's the Smith Munt Act repealed by Obama
• 1:12:32
  to allow the propaganda we use on the people of the world to be
• 1:12:36
  used on us? So there you go.
• 1:12:39
  Yeah, I mean, there you go. And then again, my question to
• 1:12:42
  you is like you, you're paying for that through taxes.
• 1:12:45
  Like why is the business in the why is the government in the
• 1:12:47
  business of propagating propagate?
• 1:12:51
  How do you propaganda propagate? Why can't we speak English?
• 1:12:56
  Wow, that is a hard word. Propagandizing there we.
• 1:12:59
  Go propagandizing. Why is the?
• 1:13:03
  Government in the Business of. Propagandizing their citizens?
• 1:13:07
  I think that's a really. And then why do I know the
• 1:13:09
  answer to this? What's the answer it's?
• 1:13:12
  Because the Internet. It's because of the Internet,
• 1:13:16
  the decentralization of information essentially made it
• 1:13:19
  so that they had to take control of the reins.
• 1:13:23
  And you see the same thing playing out here with money.
• 1:13:27
  They're not just going to let people, are you crazy?
• 1:13:30
  Like they're not just going to let people use Bitcoin without a
• 1:13:33
  fight. And that's what we're seeing
• 1:13:35
  right now is a fight. Are we going to see, are we
• 1:13:38
  gonna, are we gonna win in the next 10 years?
• 1:13:41
  Maybe, maybe not. I don't know.
• 1:13:43
  I think with the Internet, it took until, you know, 2020 for
• 1:13:48
  people to really open their eyes and see that they were being
• 1:13:51
  propagandized. I, I think that's when the
• 1:13:53
  biggest shift of people were realizing that the same tactics
• 1:13:58
  that they were using in legacy media were being applied online
• 1:14:01
  in the form of bots, in the form of, you know, fake likes the,
• 1:14:05
  the dead Internet theory or whatever.
• 1:14:08
  So I think that same thing is going to apply with Bitcoin
• 1:14:13
  because now we've decentralized money and when you decentralize
• 1:14:17
  money, you completely take away their control to be able to say
• 1:14:22
  what house you want to buy, what kind of job you want.
• 1:14:24
  It affects everything. You know, it's, it is the base
• 1:14:27
  layer of society. It affects how you want to even
• 1:14:30
  like raise your kids. So, yeah, it it is because of
• 1:14:35
  the Internet and a byproduct of the Internet was Bitcoin is
• 1:14:38
  Bitcoin. So that's, that's what happened.
• 1:14:44
  Yeah, I, I. I completely agree.
• 1:14:47
  And yeah, no, I, I, I think you broke it down the, the great
• 1:14:50
  disintermediation and I think governments are, are freaking
• 1:14:53
  the F out that social media is a thing.
• 1:14:56
  The fact that we can just spin up a live stream and have a, you
• 1:15:00
  know, semi professional studio, it's like when they came out
• 1:15:04
  with the. Printing press.
• 1:15:05
  I know simply like, it's crazy guys like.
• 1:15:07
  To even say this like, like we get more views than some legacy
• 1:15:12
  media outlets like that are a whole lot more quote UN quote
• 1:15:16
  legitimate and have all the bells and whistles and and we
• 1:15:19
  blow them out of the water, right?
• 1:15:21
  And I think that's why they reacted the way they did.
• 1:15:27
  And I think that's why they're they're propaganda.
• 1:15:29
  But but it's it's too look, legacy media would put the
• 1:15:33
  Soviet Union propaganda to shame.
• 1:15:36
  Oh, yes, yes. It would put it to shame.
• 1:15:39
  There there's. A whole complex, right?
• 1:15:42
  There's like. I don't even.
• 1:15:44
  This is Wait, can we talk about actually the?
• 1:15:46
  Sydney Sweeney thing. This is the Sydney Sweeney.
• 1:15:49
  Yes, the Sydney Sweeney interview was a perfect example
• 1:15:53
  of that. This girl was trying, the
• 1:15:56
  interviewer was trying to get her, you know, to either say
• 1:15:59
  something embarrassing. She was trying to get force an
• 1:16:01
  apology. She was either trying to get her
• 1:16:04
  to. Force an apology or even better,
• 1:16:06
  say something embarrassing so that they could further cancel
• 1:16:09
  this poor girl. And, you know, she just held her
• 1:16:12
  ground. And what it how did the Internet
• 1:16:15
  react? They went feral with a bunch of
• 1:16:19
  meme templates. And you know that that was the
• 1:16:23
  real communication there that we we won.
• 1:16:27
  Essentially, the people have taken back their power in terms
• 1:16:31
  of information warfare. So I think the same thing if Sri
• 1:16:37
  Rhymes has to follow with money. I think that's a.
• 1:16:43
  Like, fantastic observation #1 and #2 yeah, I mean, like the
• 1:16:48
  memes that were created through that.
• 1:16:50
  This is so good. Were like.
• 1:16:52
  Hilarious like. You know, like this template.
• 1:16:55
  I, I got to say though, when I, when I posted this, the template
• 1:16:58
  was like relatively new. Now I feel like it's just been
• 1:17:02
  overdone but it like the template went effing viral.
• 1:17:06
  And again, like she knows. She tried to.
• 1:17:08
  I'm not going to get into the details she has like this Mona
• 1:17:11
  Lisa. Smile about her that she just
• 1:17:13
  doesn't care, but it's like real socialism.
• 1:17:16
  That wasn't the actual conversation, but whatever, you
• 1:17:18
  guys, you know what I'm saying? Like this is the meme.
• 1:17:20
  Check out the video. I don't want to get into the
• 1:17:22
  details. This is not the purpose of the
• 1:17:23
  show, but just check out the thing.
• 1:17:26
  It was definitely a gotcha question.
• 1:17:28
  I will say that Sydney definitely prepared for it.
• 1:17:31
  There's no way she just did that off the cuff.
• 1:17:35
  But you know, it was, it was very well answered.
• 1:17:38
  But yeah, again, it's like kind of like this forced like.
• 1:17:43
  They shame. You into.
• 1:17:44
  Not. Like if you don't believe the
• 1:17:46
  mainstream quote UN quote institutional consensus, you're
• 1:17:50
  other right? And I think the same.
• 1:17:52
  Kind of same thing is going to they're going to use the same
• 1:17:55
  tricks with money, right? And you say that you you kind of
• 1:17:59
  fell into the the framing when you're like acquire KYC Bitcoin,
• 1:18:03
  right? Like that's, Well, yeah, KYC
• 1:18:06
  free Bitcoin. But that's their framing, right?
• 1:18:08
  Like in the white paper, there is no such thing as KYC Bitcoin.
• 1:18:13
  Like in the white paper, there is no such thing as a unhosted
• 1:18:17
  wallet. Like that's their framing.
• 1:18:20
  Like those are that's true. And you know it's.
• 1:18:22
  It gets confusing sometimes because you don't know when to.
• 1:18:25
  You have to understand, you have to.
• 1:18:27
  And this is like kind of what I'm learning from this
• 1:18:29
  conversation. You have to use their language
• 1:18:33
  when it's against them, but you have to opt out of their
• 1:18:36
  language when you're, you know, trying to, to really opt out of
• 1:18:42
  the whole thing that they're trying to implement in the 1st
• 1:18:44
  place. You can't give it any
• 1:18:46
  legitimacy. No, I mean, I think, I think.
• 1:18:49
  Ridicule is is the best. And I think that's why these
• 1:18:52
  this meme was so effective. And I think that's why it went
• 1:18:54
  absolutely so viral the way it did, because it it was a form of
• 1:18:58
  ridicule. Like it was so ridiculous.
• 1:19:00
  And again, like, the reason they censor is because they have to
• 1:19:04
  censor because they're losing control and we're out, meaning
• 1:19:08
  them with the money too. Like when Christine Lagarde
• 1:19:12
  posts, like you look at the comments, it's like the amount
• 1:19:15
  of ridicule. So yeah, I mean it again, guys,
• 1:19:19
  like don't fall for like this guise of safety and security.
• 1:19:23
  And it's like, if you don't do it our way, like the world's
• 1:19:27
  going to burn down. Like, I'm sorry, I refuse to
• 1:19:29
  believe that. I think the number one, the
• 1:19:33
  number one threat to human prosperity right now in our day
• 1:19:39
  and age is the institution of central banking.
• 1:19:43
  I think that is the number one threat to humanity.
• 1:19:47
  I think it's the number one threat to the youth.
• 1:19:51
  It's the. Biggest.
• 1:19:52
  Obstacle that you have to get ahead and you have a tool to opt
• 1:19:57
  out of the central banking system into the Bitcoin system
• 1:20:01
  and you'll immediately start and not immediately, but over time
• 1:20:06
  you'll start to feel the benefits of that as everything
• 1:20:09
  around. You gets.
• 1:20:10
  Progressively cheaper over time. Most of the world has not.
• 1:20:14
  Waken up to that. Reality The thing is though, is
• 1:20:17
  that that very system, it needs you.
• 1:20:20
  It needs you to be within it. It needs you to use it, right?
• 1:20:25
  Bitcoin system doesn't need you to use it.
• 1:20:26
  It's, it's optional, right? It's a coercive system versus a
• 1:20:30
  voluntary system. So yeah, I'll leave it at that.
• 1:20:34
  I really enjoyed this. This is fantastic.
• 1:20:36
  Yeah, we should do it again sometime, husband.
• 1:20:39
  And wife special, but we're gonna.
• 1:20:40
  Be doing it. I know the rest of the.
• 1:20:42
  Week, the rest of the. Week opti is.
• 1:20:44
  Traveling, ladies and gentlemen. So he's in Dallas right now.
• 1:20:46
  We're gonna be at the Mining District Conference tomorrow.
• 1:20:50
  Luke Mikic and Chris Alamo are going to be filling in.
• 1:20:54
  They're going to be hosting the show.
• 1:20:56
  And then on Wednesday, I forget who it's going to be.
• 1:21:00
  It's me. It's it's Sophie.
• 1:21:02
  And Luke? And then Thursday, you and I
• 1:21:06
  will be back and Friday as well. So bear with us.
• 1:21:09
  We're going to be traveling again this week for a a mining
• 1:21:12
  conference. Hopefully we'll get you guys
• 1:21:15
  some content from there again, go get your tickets at mining
• 1:21:18
  disrupt the links down below. Get your tickets quickly before
• 1:21:21
  they sell out. We hope to see you guys there
• 1:21:24
  and thank you guys so much for tuning in.
• 1:21:26
  We really appreciate it. Love you guys smash the like
• 1:21:29
  button. If you guys enjoyed the show and
• 1:21:32
  we'll see you tomorrow. I mean I'll see you back on
• 1:21:35
  Thursday, right? I'll see you guys.
• 1:21:37
  Tomorrow. Sophie will see you guys
• 1:21:39
  tomorrow. Well, until then, take care
• 1:21:41
  everybody. Today's episode was.
• 1:21:44
  Brought to you by bitcoinwell.com, a Bitcoin only
• 1:21:47
  platform on a mission to enable financial independence.