Latest / Simply Bitcoin / INSIDER CONFIRMS 1M Bitcoin Buy INCOMING!! | EP 1319

Transcript

INSIDER CONFIRMS 1M Bitcoin Buy INCOMING!! | EP 1319 · Simply Bitcoin

• 0:00
  There's been massive speculation surrounding why Bo Hines left
• 0:03
  the White House recently, but now that he's out of the White
• 0:07
  House, it looks as though he's able to finally say what he
• 0:11
  thinks. And it sounds like we finally
• 0:13
  have confirmation when America is going to buy Bitcoin, so play
• 0:18
  pay close attention to what he says in this clip.
• 0:22
  You like the strategic Bitcoin Reserve has been signing the law
• 0:24
  through executive order. There's some infrastructure
• 0:26
  that's required in order to get things set up properly.
• 0:28
  And so I'm still very confident that the the US government is
• 0:33
  going to be keenly interested on moving expeditiously on budget
• 0:36
  neutral ways to accumulate. So I'd tell people just to, you
• 0:39
  know, keep their eyes and ears open for that news that
• 0:42
  eventually I'm sure will come. But Patrick's working on that,
• 0:45
  as I can imagine, you know, we, the last time that we've been
• 0:47
  truly able to speak on digital asset issues was the the day
• 0:50
  before I left. But I'm very confident in his
• 0:52
  abilities to perform and deliver for the industry.
• 0:54
  And look, I mean, the president obviously has been a steadfast
• 0:57
  leader in the space. I mean, he's made it vehemently
• 0:59
  clear that this is a major priority for him.
• 1:01
  And that includes the SBR. And then we also have the
• 1:03
  digital assets national stockpile as well, which I think
• 1:05
  was, you know, really just our attempt to give credence to the
• 1:08
  other ecosystems and what's being built over there.
• 1:10
  We want to welcome innovation here in the US and we want to
• 1:13
  make sure there's other ecosystems continue to thrive
• 1:15
  and grow. But we'll see.
• 1:17
  And I, I, I certainly you could hang around and, and love to be
• 1:20
  a part of, of all of it, but I felt as if it's always good to,
• 1:23
  to bring a new set of eyeballs then every once in a while, have
• 1:25
  a fresh, clean look. You know, I'd been in the weeds
• 1:27
  of this for for over 8 months and I'm super proud of
• 1:30
  everything we've accomplished and super thankful for the
• 1:32
  President and David for their support and their push through
• 1:35
  all of it. But you know, we have market
• 1:37
  structure on the horizon now. So I'll be, you know, watching
• 1:39
  diligently just like many of you to see how this unfolds.
• 1:42
  But I'm confident they'll be able to bring that home as well.
• 1:44
  And you'll have two monumental pieces of crypto legislation
• 1:47
  signed into law this year firmly summoning the United States.
• 1:49
  This place is the crypto capital of the world.
• 1:52
  Interesting. What an answer.
• 1:56
  What an answer dude. So it does seem now now that
• 2:00
  he's a. Fan of Bo, I'm a.
• 2:01
  Yeah, as we were saying, great, great name.
• 2:04
  Real Chad there. You know, young seems to be on
• 2:08
  the ball, love to see it. But though let's let's just like
• 2:12
  talk about the the general conversation before we kind of
• 2:15
  break down what the Bitcoin act is.
• 2:17
  Nico, upon my first listen, I was like, I don't know it it is
• 2:21
  you could say it is a little wishy washy.
• 2:23
  You know, it could be this take like he really doesn't know.
• 2:27
  But then he finishes the clip very strong.
• 2:29
  He's like, this is coming 2025. And if that happens, I don't
• 2:33
  know, I think it's on on to the races here that that would
• 2:35
  fundamentally be a game changer. And remember the strategy that
• 2:39
  Bo Hines has been kind of laying out for us for a long time.
• 2:42
  He's like, first we needed kind of some market regulatory
• 2:45
  clarity. We got that.
• 2:47
  They delivered on that. And now I think this is the the
• 2:50
  1-2 punch here where they needed the regulatory clarity, the the,
• 2:53
  as they've been saying for a while, the clear rules of the
• 2:56
  road. And then the final kind of big
• 2:59
  kahuna here, the final big knockout punch would be if they
• 3:02
  passed this Bitcoin Act. So I do want to talk about just
• 3:06
  a general statement here, Nico, and then we'll kind of break
• 3:08
  down again, remind everyone a refresher of what the Bitcoin
• 3:11
  Act will actually do. Yeah, so I mean look, so again
• 3:16
  Bo Hines was driving, he was really put in charge of the the
• 3:22
  so-called crypto initiative by the White House.
• 3:25
  And the wording there is very interesting, right.
• 3:29
  The wording is, you know, the United States has the has the
• 3:33
  intention of acquiring Bitcoin in a budget neutral way.
• 3:38
  Then Secretary, Treasury Secretary Scott Besson went on
• 3:42
  CNNBC. No, I think it was actually Fox
• 3:45
  Business and he was being interviewed and he basically
• 3:48
  saying, Oh no, we actually don't have any intention of buy any
• 3:52
  more Bitcoin. And then he got so much backlash
• 3:55
  that he went on X and he said he kind of backtracked and he said
• 3:59
  actually we do have the intention of acquiring Bitcoin
• 4:03
  in a budget neutral way. And I think that's an indication
• 4:06
  of how much influence the Bitcoin donor class has in DC
• 4:11
  these days. You see like, you know, legacy
• 4:14
  media articles talking about that as if it's like a negative
• 4:17
  thing. It's like as if any every other
• 4:19
  industry doesn't do the exact same thing and what I've been
• 4:23
  telling you guys for over a year now is that if you're not in the
• 4:26
  room, you're not in the deal and January 20th, 20th of 2025 we
• 4:31
  got in the room like we are in the room.
• 4:34
  The fact that the executive branch is so pro Bitcoin is
• 4:39
  fantastic. And Bo Hines, the reason that
• 4:41
  these whole these words, that clip holds so much weight as he
• 4:46
  was working inside of the administration and it was only
• 4:49
  until a couple weeks ago, about a month or so ago that he
• 4:52
  decided to resign for we don't know the reasons as to why, but
• 4:56
  it seemed like a very friendly resignation.
• 4:58
  Howard Lutnick was like, we appreciate the work that that Bo
• 5:02
  Hines does. He's a very bright future.
• 5:04
  He said very bright things about the administration.
• 5:06
  He continues to do so. And he joined Tether very, very
• 5:10
  quickly. Now, Tether has a very close
• 5:13
  relationship with the US government and the and the Trump
• 5:18
  administration as well. About a couple months ago, we
• 5:22
  had President Donald Trump name the CEO of Tether, Paulo, in
• 5:26
  front in the White House. And Paulo, you know, stood up in
• 5:30
  his chair. He's sitting in the front row of
• 5:32
  that press conference and and Trump pointed to him.
• 5:35
  And the reason for that is simple.
• 5:37
  You know, we played a clip of press and push talking about
• 5:41
  this, but stable coins are fantastic for the US government,
• 5:46
  for the US dollar. It propagates the dollar around
• 5:50
  the world. Also, Tether is in the top ten.
• 5:54
  I think it's #7 I don't know the exact number, but one of the
• 5:57
  largest treasury buyers in the world.
• 6:00
  So the, the reason the Genius Act was signed so quickly with
• 6:04
  so much enthusiasm, with so much bipartisan support is because
• 6:09
  stablecoins essentially continue to allow the US government to
• 6:13
  kick the can down the road, right?
• 6:16
  That's the enthusiasm. So again, just to kind of weave
• 6:19
  it back in and put the put the pieces together.
• 6:22
  You have Bo Hines. He was in charge of the
• 6:26
  acquiring Bitcoin initiative with inside the executive branch
• 6:31
  that now joined the private sector joint Tether, one of the
• 6:35
  most profitable, if not the most profitable company in the world
• 6:38
  by employee. And he can say things now that
• 6:42
  he's not part of the administration.
• 6:44
  I remember some of the interviews that he was doing.
• 6:46
  He was very what's the appropriate word?
• 6:50
  He was very, he was watching what he was saying.
• 6:54
  He couldn't say things outright. And that's because he was part,
• 6:59
  he was inside the administration.
• 7:00
  Now that he's outside of the administration, he's allowed to
• 7:03
  say his opinion and his opinion he's making it abundantly clear.
• 7:07
  He thinks that there's going to be pro Bitcoin legislation
• 7:12
  that's going to be signed into office by the end of 2025.
• 7:16
  The language there was very clear.
• 7:18
  And this is someone who was an insider.
• 7:20
  And another thing that I'll say is there's kind of like a civil
• 7:23
  war going on. It's actually watching it on
• 7:25
  CNNBC this morning, I saw Elizabeth Warren kind of flaying
• 7:28
  around and talking about the feds so-called independence.
• 7:33
  Now that you have President Trump putting pressure on Fed
• 7:38
  Governor Cook to step down for so-called mortgage fraud, It
• 7:42
  seems like they do have the receipt.
• 7:44
  So if if the Trump administration has the receipts
• 7:47
  and the DOJ has the receipts, that Fed governor is not going
• 7:50
  to be able to resist that type of political pressure and she's
• 7:54
  going to have to step down. If she steps down, that gives
• 7:58
  Trump a majority in the Fed. And if Trump has a majority in
• 8:03
  the Fed, that allows him to finally lower interest rates.
• 8:06
  And I believe a lot of the price action that has been happening
• 8:11
  this year in Bitcoin. And let's be frank and let's be
• 8:14
  honest here, everybody at the beginning of the year, the day
• 8:18
  of Trump's inauguration, it was full of hope and happiness and
• 8:22
  me and Opti were bouncing off the walls or our live stream
• 8:25
  numbers are hitting all time highs and the price of Bitcoin
• 8:29
  was sitting at 109,109 thousand. That was January 20th, 20th of
• 8:35
  2025. We're currently August 27th of
• 8:39
  2025 S basically eight months later, on the verge of nine
• 8:43
  months later and the price has gone up 2K. 30 percent, 30%.
• 8:49
  And it fell down to 20 to 76 K. So as a Bitcoiner, you know,
• 8:55
  perhaps I'm a little bit spoiled because of, you know, previous
• 9:00
  cycles and, you know, bitcoins market cap was a lot smaller, so
• 9:04
  it was a lot easier to move in price terms.
• 9:07
  But you know, I'm not the only one saying this, right?
• 9:09
  British huddle saying this as well.
• 9:11
  We are not in a bull market. But the moment that an
• 9:15
  announcement gets made that the US government has acquired
• 9:19
  Bitcoin, or the moment that an announcement is made that that
• 9:26
  essentially, you know, just parts the ocean, so to speak,
• 9:31
  you're just going to see the price jump up just on the news
• 9:35
  alone. You have so many institutions
• 9:37
  buying Bitcoin. You have the UAEI think
• 9:40
  investing, I don't know what the exact number was, a significant
• 9:44
  amount of seven. 100 million. 700 million into Bitcoin.
• 9:48
  So now you have institutions, you have nation states, you have
• 9:51
  BlackRock gobbling up all the supply.
• 9:53
  MicroStrategy owns 3% of the total Bitcoin supply.
• 9:57
  So, yeah, I mean, what could be happening, ladies and gentlemen,
• 10:01
  and I want to talk a little bit about this more.
• 10:03
  Opti, I'm going to pass it on to you because I know you have
• 10:05
  another piece of news is you know, the the OG whales that
• 10:11
  bought Bitcoin, because this apparently is the reasoning.
• 10:13
  This is what Willie Wu's talking about.
• 10:15
  This is what this is what our who our, our boy Checkmate is
• 10:19
  talking about. Vijay Poyapati, he's talking
• 10:22
  about this as well. Their reasoning as to why the
• 10:24
  Bitcoin price has not gone up is because you have these OG whales
• 10:29
  that bought Bitcoin under 100 dollars, under $10.
• 10:33
  They're up, you know, thousands of percent on their return and
• 10:37
  they're selling 10s of thousands, 20,080 thousand
• 10:40
  Bitcoin on the spot market. And that's putting down the the
• 10:45
  cell pressure. Well, I got news for you.
• 10:47
  You can only do that one time. Eventually you run out of
• 10:51
  Bitcoin to sell and then the price there is no, there's no
• 10:55
  more willing sellers at this price.
• 10:57
  And that's why the price goes up, right?
• 11:00
  So, you know, to take the more optimistic side because we are
• 11:03
  here with Opti, right? If you look at it from a a glass
• 11:07
  half of full, so to speak, and you are to believe those reasons
• 11:11
  and you're not to believe the paper Bitcoin reason, the more
• 11:14
  nihilistic reasons. Yeah.
• 11:16
  I mean, you're watching the the the greatest monetization event
• 11:21
  in human history because those Ogs that bought that Bitcoin at
• 11:25
  such small prices are now selling it to millions upon
• 11:29
  millions of individuals, institutions, governments,
• 11:33
  hopefully most of that Bitcoin, I know that's not the case, but
• 11:36
  hopefully at least a percentage, at least 30 or 40% of that
• 11:40
  Bitcoin is being gobbled up by individuals that are buying its
• 11:44
  spot and are putting it into self custody.
• 11:47
  So that's incredible insider information by an ex member of
• 11:52
  the administration who is specifically in charge of buying
• 11:57
  Bitcoin, dropping the sauce on what he believes thieves is
• 12:00
  going to happen, heading into the most explosive part of the
• 12:06
  Bitcoin bull market, which is the year after the halving, Q4
• 12:11
  of the year after the halving. Historically, that's when the
• 12:15
  mania happens. Now we're all kind of biting our
• 12:18
  nails, seeing to see if history is going to repeat itself.
• 12:23
  But so far the cycle has not broken.
• 12:25
  So far, this historical cycle has not broken.
• 12:28
  So we're hard. We're, we're heading into
• 12:29
  uncharted territory. And I think the, the, the good
• 12:32
  news and the bad news Opti, and I'll end it with this because
• 12:35
  I've been on a soapbox for quite, quite a long time now, is
• 12:39
  if we don't get a pump at the end of the year, if we don't get
• 12:44
  a mania, if we don't get some type of parabola, I don't think
• 12:48
  we're going to have 80 to 70 to 60% corrections anymore.
• 12:52
  Because to have 80 to 60 to 70% corrections, what needs to
• 12:57
  happen is you need to have a mania phase.
• 13:00
  You need to have a euphoria phase.
• 13:01
  And I don't know about you guys, but I've been living through
• 13:04
  this entire year and I haven't felt euphoric at all.
• 13:08
  It's been a bunch of teases. It's been a bunch of like, oh,
• 13:11
  oh, getting excited and then nothing happened.
• 13:13
  So until you get that euphoria phase, you don't get that 5060%
• 13:18
  correction. So as a whole, as a business
• 13:22
  owner, you know, working in the Bitcoin industry, that'd be
• 13:25
  fantastic for us because you don't get a 5060% correction.
• 13:29
  But simultaneously as a Bitcoin holder, it's like, dude, wait a
• 13:33
  second, Is Bitcoin becoming the SNP?
• 13:36
  Is it just going to do this small this, this like crab 10%
• 13:40
  up, consolidate, 10% up, consolidate, you know, is that,
• 13:45
  is that going to be the case? I I was watching an episode
• 13:49
  shout out Danny knows with what what Bitcoin did, where he did
• 13:52
  an interview with Willie Wu and Willie Wu was basically like,
• 13:56
  look, it takes 10 times more capital for Bitcoin to move at
• 14:02
  a, you know, $2 trillion market cap that it that it took Bitcoin
• 14:06
  to move when it was sitting at a $200 billion market cap.
• 14:09
  And that is 100% true. That is 100% correct.
• 14:12
  Willy Woo is on the dot there, right.
• 14:15
  So anyways, just to unpack a lot of a lot of things that were on
• 14:18
  my mind, but I'm a big fan of bow.
• 14:21
  We need more bow. The bow is fantastic Opti.
• 14:25
  Great American name there. Bow Hines yeah, well, I do want
• 14:30
  to take like a flip side of what you're saying because we have
• 14:34
  seen a lot of selling. I I don't know if we like we
• 14:37
  literally can't cover all the all the coins that are being
• 14:40
  moved to the exchange every single day because you guys
• 14:42
  would probably get bored about that.
• 14:43
  But I just saw another tranche of coins hit the exchange this
• 14:47
  morning from like a 2012 holder. So like a lot of the Ogs are you
• 14:52
  could say they're selling, you know, they're, they're basically
• 14:55
  locking in their profits, they're increasing their their
• 14:58
  livelihood here. But the real bullish angle of
• 15:01
  that, Nico, is the fact that Bitcoin hasn't really dropped
• 15:04
  and it's able to basically assimilate this many coins
• 15:08
  hitting the market. And we're still doing really
• 15:10
  well considering the price. Like we haven't gone under 100K
• 15:13
  yet. Bitcoin, what drop dumped, you
• 15:15
  know, did a measly -10% drop and we are all freaking out.
• 15:20
  Back in the day, a -10% drop was just like a day-to-day event
• 15:23
  here in Bitcoin. And now we're seeing that the
• 15:26
  numbers are increasing by a a lot.
• 15:28
  It's hundreds of thousands of coins that are being hit that
• 15:31
  are hitting the exchange. And you can you can make the
• 15:33
  case, I've made the case on the show for a lot of different
• 15:35
  reasons, whether that is as Nico's been kind of hitting on,
• 15:38
  they're rolling into Bitcoin treasury stocks or they are
• 15:43
  trying to do like their last ditch effort to get lower prices
• 15:46
  on the coin because they know there's going to be an infinite
• 15:48
  bid from sovereigns institutions, nation states or
• 15:51
  sorry, sovereign wealth funds, institutions, nation states,
• 15:54
  etcetera. It is a very interesting time.
• 15:57
  And that's just like the price stuff.
• 15:58
  But I did want to bring up one other thing because it wasn't
• 16:01
  just behind saying that this is coming.
• 16:05
  We did also last week at the Wyoming Blockchain Summit,
• 16:08
  literally days before Jackson Hole Fed meeting, Senator Lummus
• 16:13
  said the same thing. We will have market structure
• 16:15
  done this year. So we're getting multiple data
• 16:17
  points that this is probably where things are headed that by
• 16:21
  the end of the year, hopefully maybe this is what will
• 16:24
  essentially cancel the 2026 bear market that we all think will
• 16:27
  eventually come. And if it is a slow grind, 2026
• 16:32
  is going to probably be continuation of a slow, slow
• 16:35
  grind, which I'm all for. Anyways.
• 16:38
  Let's go and do a little rehash of what is in the Bitcoin Act,
• 16:42
  just so you guys know exactly maybe what will potentially be
• 16:47
  on the horizon. And of course, here I'm on page
• 16:49
  four. The first part is kind of just
• 16:52
  like, you know, covering terms and and what's going on here.
• 16:55
  But the main part is probably here.
• 16:57
  And this is 18 pages. I'm not going to read the whole
• 16:59
  thing, but page 4 we have for establishment of the strategic
• 17:03
  Bitcoin reserve which happened. You know, the secretary shall
• 17:05
  establish A decentralized network of secure Bitcoin
• 17:08
  storage facilities distributed across the US collectively to be
• 17:11
  known as a strategic Bitcoin reserve for the cold storage of
• 17:15
  government Bitcoin holdings purpose.
• 17:17
  Basically, they shall be used for the generation, safekeeping
• 17:21
  and management of Bitcoin. Private keys associated with the
• 17:25
  Bitcoin Holdings Secretary will be responsible for this.
• 17:28
  In general, the Secretary shall ensure that the facilities of
• 17:31
  the SBR are geographically dispersed throughout the US to
• 17:35
  minimize the risk of simultaneous compromise and to
• 17:37
  enhance the resilience of the SBR.
• 17:40
  And then on page 7 is where, if this happens is where things
• 17:45
  start to get crazy, or rather here we'll go Page Six.
• 17:48
  First, of course, upon the market capitalization
• 17:51
  assessment, upon the expiration of the five year holding period.
• 17:54
  Again, they're going to hold this for minimum five years.
• 17:57
  And then this is where it starts to getting crazy.
• 18:00
  If they do pass this this year, then that unlimited bid to the
• 18:06
  Bitcoin floor will have been activated.
• 18:09
  And David Bailey's been saying this on his Twitter.
• 18:12
  I'm guessing he has a little more insight.
• 18:14
  I don't know if you guys saw, but they just did a 5 billion
• 18:17
  ATM at the market offering for Nakamoto.
• 18:20
  So another 5 billion coming in. It's no longer just sailor out
• 18:23
  here. And I'm going to talk about this
• 18:24
  a little later in the culture because Financial Times, the
• 18:27
  Fiat times is is really, really dunking on the Bitcoin treasury
• 18:32
  companies, which is starting to make me feel extremely bullish.
• 18:34
  But anyways, the Bitcoin purchase program in general, the
• 18:37
  secretary shall establish a Bitcoin purchase program which
• 18:40
  shall a purchase 200,000 bitcoins per year over a five
• 18:45
  year period for a total acquisition of 1,000,000
• 18:49
  bitcoins. So this is where it starts
• 18:52
  getting incredibly bullish here. Now you could say this is
• 18:56
  bearish. You could say hey, we don't want
• 18:58
  the US government to hold that much Bitcoin.
• 18:59
  But again, bitcoins for enemies, we really can't stop them from
• 19:02
  doing what they want to do here. But if we do, you see a 200K bid
• 19:08
  of Bitcoin every year for five years from now, who knows what
• 19:13
  that does to the price. And then that's only one nation.
• 19:16
  The dominoes will fall very, very fast.
• 19:19
  And as we've seen around the world in the recent weeks,
• 19:22
  nation states are acquiring Bitcoin.
• 19:24
  So if this does pass and there seems to be a lot of optimism
• 19:30
  that it is going to pass potentially this year, end of
• 19:33
  year, dude, we got a 200 KA year bid on buying Bitcoin.
• 19:38
  That's that's that would soak up all of the coin we've seen
• 19:41
  currently coming from the OG selling this thing could RIP
• 19:46
  like this. If that happens and then other
• 19:48
  nations start following, guys, I don't know about you, but that's
• 19:53
  the infinite floor bid there. Yeah, I mean, I, I completely.
• 19:56
  The eternal bid. The eternal bid.
• 19:58
  The eternal bid bro. We should put that on the ticker
• 20:00
  and just have it on the bottom. But no, I I fundamentally agree
• 20:06
  with you, Opti. I mean, I think the part to me
• 20:08
  where it's a little bit it's a little bit, you know, I guess
• 20:14
  patience is a virtue, right? Is you're seeing all this
• 20:17
  fantastic news, right? You're seeing all this Bitcoin
• 20:20
  being bought, but you don't see the price action reflecting
• 20:24
  that. Ron P in the chat says a long
• 20:26
  standing whip Bitcoin will identified as a as a younger
• 20:30
  person, as a 12 year old wallet, a 12 year old wallet that
• 20:34
  originally held 5000 BTC has transferred 500 BTC to Binance
• 20:39
  today, yet still retains approximately 3500 BTC.
• 20:47
  So, yeah, I mean, but I, but like, think about it, like think
• 20:50
  about it, gals, gals and Bros, like if you're, if you're buying
• 20:58
  Bitcoin, if you're buying Bitcoin for $10.00 or $100 or
• 21:02
  $1000 and you have 3500 Bitcoin or 5000 Bitcoin and you want to
• 21:08
  sell 500 of those Bitcoin, that's $50,000,000 to upgrade
• 21:11
  your lifestyle. Like, like, I don't blame you,
• 21:14
  dude. You know, like, I don't blame
• 21:16
  you. I, I understand.
• 21:18
  But what I'm trying to say is like, look, eventually that
• 21:20
  Bitcoin's going to run out 'cause they can only sell that
• 21:22
  Bitcoin once, right? And then eventually, you know,
• 21:29
  eventually you're going to have, you're going to start to see a
• 21:31
  supply shock. Like I'm still waiting for that.
• 21:34
  Like I don't, there is no, if you take Knuts Vanholm's meme of
• 21:40
  Infinity divided by 21 million. I mean, this is simple math.
• 21:45
  Like this isn't rocket science, bro.
• 21:47
  Like it's very easy to understand where this is going
• 21:50
  now. I think the question on
• 21:52
  everybody's mind is, are the cycles still a thing?
• 21:56
  Are the cycles still a thing? Are we going to have a
• 21:58
  correction in 2026? You know, Willy Woo was talking
• 22:02
  about the business cycle. There was going to be a gnarly
• 22:05
  correction in 2026. Are we going to see that?
• 22:09
  Are we going to see a blow off top?
• 22:10
  Are we going to see a mania phase?
• 22:12
  Are we going to see a parabola phase?
• 22:14
  Did we already hit the top? Was 125 the top?
• 22:17
  And I think that's what's on everybody's minds.
• 22:19
  But the exciting part is we're going to find out in the next
• 22:22
  three or four months. It's we're going to find out.
• 22:25
  It's it's going to be become very obvious to everybody
• 22:28
  anyway. Anyways guys, if you guys are
• 22:30
  enjoying the show so far, we did just break 10,000 subscribers on
• 22:34
  Rumble Air horn Opti please smash that like button wherever
• 22:41
  you guys are watching it. Shout out to the X audience.
• 22:44
  Shout out to the YouTube audience. 600 of you guys
• 22:47
  watching live on YouTube. 1200 of you guys watching live on X
• 22:53
  and about 70 of you guys watching live on rummel so if
• 22:56
  you guys are enjoying today's show, smash that like button.
• 22:59
  We have a fantastic show for you guys.
• 23:02
  Tons of stuff to cover tons, tons of stuff to talk about.
• 23:06
  But before we jump into today's show, and I'm going to give a
• 23:09
  little bit of a tease. So we're going to be playing you
• 23:12
  guys a video that we made in house at Simply Bitcoin talking
• 23:15
  about the modern history of of Fiat money.
• 23:19
  And the voiceover is being done by Internet Sophie, who we just
• 23:23
  announced yesterday. She officially has her own show
• 23:27
  by popular demand. The name of the show is and we
• 23:30
  called simply Satoshi. It's a pun, I guess.
• 23:34
  I think. I think it's really smart.
• 23:35
  And then we have a video by Jack Muellers explaining the housing
• 23:40
  crisis, right? Because I think you all feel it,
• 23:42
  especially if you guys are part of the younger generation.
• 23:45
  And then of course, Opti is going to come in strong during
• 23:48
  the culture segment. And I forgot to give away SATS
• 23:51
  yesterday. So we're going to be giving.
• 23:53
  Away. I, I gave them all away
• 23:54
  yesterday. No, I didn't give them all away
• 23:56
  I I gave them, I gave them the sats and I gave them the
• 23:59
  unclaimed sats. So.
• 24:00
  How much we caught? How much?
• 24:02
  How much unclaimed sats were there?
• 24:03
  It was like 1100 sats or something 11. 100 sats.
• 24:08
  And they got about a a dollar. So well, a dollar today when a
• 24:12
  dollar solid today. Generational.
• 24:14
  Well, in a few years. So we're going to be giving away
• 24:18
  some sats towards the end of the show during the culture segment.
• 24:20
  So you guys are going to want to stay tuned in.
• 24:22
  But before we get into that, I do want to give a extremely
• 24:25
  special shout out to, of course, our lead sponsor.
• 24:29
  Simply Bitcoin would not be here today without our partners.
• 24:34
  So if you guys want to support the show, check out our
• 24:36
  partners. We're very picky on who we
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  All right, everybody, let's get into the show.
• 25:35
  We have tons to talk about. We'll be right back.
• 25:44
  I want to give a shout out to our.
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• 27:08
  screen or check the link in the video slash podcast description.
• 27:12
  At the time of recording, the Bitcoin price is at $112 a
• 27:16
  hundred, $112,000. I think I said that right?
• 27:20
  Did I say that right off the IT? Feels like $112.
• 27:27
  Block height 911,962 sats per dollar 893 Market cap 2.23
• 27:32
  trillion Bitcoin versus gold market cap 9.34% decline from
• 27:36
  all time high. Bitcoins currently at a discount
• 27:39
  -10% You're buying Bitcoin right now, you're getting at a 10%
• 27:42
  discount. Realize monetary inflation .84%
• 27:46
  in the grand scheme of things, Bitcoin is taking Fiat
• 27:49
  currencies to absolute school. They just admitted they're not
• 27:52
  taking the Fiat inflation back to 2%.
• 27:55
  They're moving that number up back to 3%.
• 27:58
  Bitcoin is taking all Fiat currencies to absolute school.
• 28:02
  Anyways, our boys over here at Simply Bitcoin, the simply
• 28:06
  Bitcoin teams coming in hot with the zoomers with these the
• 28:10
  simply Bitcoin zoomers are coming in hot coming on coming
• 28:14
  up with these with these custom made I like I.
• 28:18
  Like calling them commercials, dude.
• 28:20
  I, I videos anyways, I'm going to play.
• 28:24
  It goes through the whole history of Fiat money and then
• 28:27
  of course me and Opti are going to talk about it.
• 28:29
  Let's need to find it. Let's check it out.
• 28:32
  There was a time when money meant something.
• 28:34
  Gold backed dollars carried stability, families saved,
• 28:38
  nations prospered and trust was earned.
• 28:41
  Not printed. But in 1910, behind closed doors
• 28:45
  at Jekyll Island, the rules of money began to change.
• 28:48
  By 1913, the Federal Reserve seized control, a small group
• 28:53
  with immense power over everyone's wealth.
• 28:56
  Then came 1933. FDR signed Executive Order
• 29:01
  61-O2. Ordinary Americans were forced
• 29:04
  to surrender their gold. Owning it was a crime.
• 29:07
  The link between people and honest money was broken towards
• 29:12
  the tail end of World War 2A. Deal was struck in Bretton
• 29:15
  Woods, NH. the US dollar was crowned King of the world, but
• 29:19
  only so long as it was tethered to gold.
• 29:22
  That promise shattered in 1971 when President Nixon severed the
• 29:26
  final tie as he made this statement.
• 29:29
  Accordingly, I have directed the Secretary of the Treasury to
• 29:32
  take the action necessary to defend the dollar against the
• 29:37
  speculators. I have directed Secretary Conley
• 29:40
  to suspend temporarily the convertibility of the dollar in
• 29:43
  the gold or other reserve assets.
• 29:46
  Dollars became paper, and paper became power, backed by nothing
• 29:51
  but trust in governments and central banks.
• 29:54
  What followed was predictable. Decades of inflation, easy
• 29:58
  money, debt climbing higher with every generation, booms and
• 30:03
  busts, bubbles and bailouts. Then the decades of debt, cheap
• 30:08
  credit, asset bubbles and a silent tax called inflation
• 30:14
  until 2008 was the breaking point, a global financial
• 30:20
  crisis. Banks were rescued while
• 30:22
  ordinary people paid the price. But out of that chaos came a
• 30:26
  spark of hope, the genesis block.
• 30:29
  It ignited a fire in cyberspace. Satoshi Nakamoto gave the world
• 30:35
  Bitcoin incorruptible, scarce and free from manipulation.
• 30:41
  Since then, the printing presses have only roared louder,
• 30:45
  especially in 2020 when we were faced with a pandemic and
• 30:48
  trillions were conjured from thin air.
• 30:51
  Crisis soared, trust eroded, the Fiat experiment showed its
• 30:56
  cracks. And today a choice stands before
• 30:59
  us. Continue down the path of
• 31:01
  endless inflation or step into a future built on sound money.
• 31:06
  Once again, Bitcoin is that future, a money by the people,
• 31:11
  for the people. The Fiat century is ending and
• 31:15
  the Bitcoin standard is just beginning.
• 31:21
  Bars. Bars, bro.
• 31:24
  Yeah, I mean, much more effective than what we do.
• 31:32
  Oh, man. I mean, dude, what a
• 31:34
  comprehensive. Well, first saw a shout out to
• 31:36
  the Zoomer team and then Sophie for the voice over.
• 31:39
  That was incredible. Kind of like a history of Fiat
• 31:42
  money and, you know, all the stuff that was happening in the
• 31:46
  background. So yeah, I mean, yeah, yeah.
• 31:54
  What do you what do you have to say, Opti?
• 31:56
  Yeah, well, obviously, excuse me choking on my saliva as like
• 32:03
  kind of the, the, the guy overseeing this from the high
• 32:07
  level here, cuz we got the zoomers that are doing the
• 32:10
  actual work and then I have to kind of, you know, approve the
• 32:14
  stuff. My biggest take away when I when
• 32:18
  I saw this was, you know, me I'm I'm, I'm mainly like a vibes guy
• 32:22
  and when I first saw this like I, I genuinely got like the the,
• 32:26
  you know, hairs to lift on my arm.
• 32:28
  I'm like, all right, this is ready to go.
• 32:29
  Like this is this is the way. And watching this, it really
• 32:33
  does seem to me that these AI videos and you know, the
• 32:38
  narratives on Bitcoin, not only are they short and, you know,
• 32:42
  palatable here and people can, you can send them to your
• 32:45
  friends and family and they'll probably watch it because maybe
• 32:48
  their, their, their little monkey brain, the pea brains
• 32:52
  that we all have now are more attracted to the AI videos just
• 32:57
  because it's something new and fresh.
• 33:00
  But it, it's really starting to dawn on me just the power of
• 33:03
  these like AI commercials. I like calling them commercials,
• 33:06
  these Bitcoin commercials, like they, they do feel more powerful
• 33:09
  than what we've seen in the past of, you know, Bitcoin
• 33:12
  propaganda. And I'm super excited to keep
• 33:15
  doing these. Like we're, we're going to keep
• 33:16
  doing these for you guys. And, and I think they're going
• 33:19
  to get better and better and better every single time.
• 33:21
  So hopefully, I don't know, I mean, I'm throwing this out
• 33:23
  here. We'll have like a series of
• 33:25
  these and then we can you know, you can just send them to your
• 33:27
  friends and family and they can get the whole Bitcoin message
• 33:30
  and to everyone yelling meet at me in the chat.
• 33:33
  I I will figure out. We'll probably play that in the
• 33:36
  beginning of the show. So you guys don't just sit here
• 33:38
  for a little bit with with no high videos.
• 33:40
  I'm, I'm working on it guys. You know, give me some time,
• 33:43
  Give me, give me a, give me a little.
• 33:45
  Leeway. We have a lot of.
• 33:46
  Things that are that are working in tandem here.
• 33:48
  OK, so it's soon. OK, very soon.
• 33:50
  We're going to have a good, great surprise for you guys in
• 33:54
  September. I got to raise the brightness on
• 33:56
  this. Oh, no, it's too low.
• 33:57
  There we go. A little bit, a little bit
• 33:59
  brighter. We got a surprise for you guys
• 34:02
  lined up in September. Really excited to reveal it.
• 34:04
  But I mean, I think that video speaks for itself, ladies and
• 34:07
  gentlemen. And we still got a lot to cover
• 34:12
  during today's show. Jack Mueller has also made an
• 34:15
  incredible video covering essentially the housing crisis
• 34:19
  press and Pish was talking about it as well on Natalie Burnells a
• 34:23
  show coin stories. And then, of course, we did some
• 34:26
  research here at simply Bitcoin. Just pulling up all the data
• 34:29
  some some posts by bit pain and just just seeing the disconnect
• 34:34
  with the medium age of a first time home buyer is it's 40 years
• 34:39
  old. That's the highest it's ever
• 34:41
  been since 20 since 2002. Just to kind of give you guys a
• 34:46
  perspective. And the people responsible for
• 34:49
  this are the Federal Reserve, it's central banking.
• 34:53
  So anyways guys, we have an incredible show.
• 34:55
  Stay tuned, we will be right back.
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  15% off anything on the store. All right everybody, we are
• 36:50
  back. If you guys are enjoying today's
• 36:51
  show, make sure to smash that like button.
• 36:53
  We're at 576 live viewers on YouTube on Rumble.
• 36:58
  We're at 12,800 live viewers popping off on Rumble and on X
• 37:04
  we're at one point five 1500 live viewers on on Rumble keeps
• 37:12
  going up 1300 live 13,000 live viewers on rumble.
• 37:17
  Holy cow. Anyhow, if you guys are enjoying
• 37:20
  today's show smash that like button.
• 37:22
  You're listening to the most watched Bitcoin only show on
• 37:25
  planet earth. Simply Bitcoin live Monday
• 37:27
  through Friday 12:15 No 12. What is it?
• 37:30
  What's our start time 12/30 12:30 PM Eastern Standard Time
• 37:35
  rain or shine Monday through Friday where we cover the best
• 37:38
  in Bitcoin news all right everybody, so let's cover
• 37:41
  today's news. What are we talking about?
• 37:42
  The medium age of first time homebuyers is now 40 years old.
• 37:48
  The Simply Bitcoin crew said Fiat robbed an entire generation
• 37:51
  of the American Dream. But Jack Mahler's actually came
• 37:55
  out with a fantastic video doing a deeper breakdown into this
• 37:59
  very subject. And then we have a clip of
• 38:02
  Preston Pish on Natalie Burnell's podcast Coin Stories.
• 38:07
  Bitcoin is going to demonetize real estate.
• 38:13
  A house is not supposed to be a savings account.
• 38:16
  It's not supposed to be what you exchange your effort and labor
• 38:19
  for. You acquire a house to consume
• 38:23
  it and live in it. It's not a money, unfortunately,
• 38:28
  because the world has been robbed of money, robbed of the
• 38:33
  market good that they're supposed to save an exchange in,
• 38:35
  and that market good has been manipulated and debased and
• 38:38
  controlled. People have had to resort to
• 38:41
  things like real estate as money.
• 38:44
  And so real estate is distorted. It's artificially expensive.
• 38:50
  And so Bitcoin will dematerialize that for all of
• 38:53
  the money that's in real estate, not to consume it, but rather to
• 38:57
  save in it, that money will go to Bitcoin over time.
• 39:01
  And what that will do is it will drive the Bitcoin price up and
• 39:04
  will drive the real estate prices down.
• 39:07
  Guys, when I got into Bitcoin my dream house was 100,000 bitcoins
• 39:16
  and then some years later my dream house was 10,000 bitcoins
• 39:19
  and then some years later my dream house was 1000 and then
• 39:22
  some years later my dream house was 100 and then some years
• 39:26
  later my dream house was 10. Now the average American home
• 39:30
  you can get for 3/4 coins. So I think within the next
• 39:34
  decade you can get a medium sized house in the United States
• 39:36
  for less than one Bitcoin. And so the best way to become a
• 39:42
  home owner and a purchaser of land of real estate is to stay
• 39:47
  humble and stack sack. All right, everybody, there you
• 39:50
  have Jack Mahler's breaking it down since.
• 39:54
  Simple as that. You know, again, everything gets
• 39:56
  more expensive on a Fiat standard.
• 40:00
  Everything gets cheaper on a Bitcoin standard.
• 40:02
  Here is Preston talking about it on Natalie's podcast.
• 40:06
  Equity markets are sky high, everybody's in still feeling
• 40:10
  pain Despite that setup and they're screaming for rates to
• 40:14
  be lower and maybe even artificially kept lower so that
• 40:17
  everybody can refi their house. Like what do you think the
• 40:21
  ramifications of that are going to be for the prices of homes
• 40:25
  long term? They're going to RIP.
• 40:28
  They're going to RIP even higher than what you're already like if
• 40:32
  we, you know, we jump five years into the future.
• 40:35
  So all of these things are in a manifestation or an example of
• 40:41
  the currency melting down, in my humble opinion.
• 40:44
  And so, you know, when people are like, oh, my God, how in the
• 40:48
  world can anybody afford a house?
• 40:50
  Well, just go like, price the house in Bitcoin for like the
• 40:53
  last 10 years, every year. And what you're going to find is
• 40:56
  the price just keeps going lower and lower and lower.
• 40:59
  Yeah. And if somebody's like, what did
• 41:01
  he just say? Yeah, rewind the tape and listen
• 41:03
  to what I just said. The prices keep going lower and
• 41:05
  lower in Bitcoin in terms and it's just going to, in my
• 41:08
  opinion, it's just going to keep going that way.
• 41:11
  So again, very simple guys, very simple.
• 41:13
  You want to know what you can't afford a home.
• 41:15
  You want to know why everything's getting more
• 41:16
  expensive is because you're using the wrong unit of account.
• 41:20
  Jack Mahler's laid it out beautifully in the beginning
• 41:24
  with that video that he made literally making the case as to
• 41:27
  why things get cheaper. Here's our boy bit pain.
• 41:31
  I find this hilarious. Dear boomers, we can rent and
• 41:34
  stack Bitcoin longer than you can remain alive.
• 41:38
  Either you drop your ask or we'll save our bid for your real
• 41:42
  estate sale. And I find there is this one
• 41:46
  response that was hilarious. John, as Ezig said, stack away.
• 41:51
  I'm having my home raised upon my death titled cloud.
• 41:55
  By the way, boomers didn't have a say just as you don't.
• 41:58
  We've all been played. Just don't play the victim bit
• 42:01
  pain. Thank you for making that point
• 42:04
  for me, Boomer. By the way, we love boomers
• 42:06
  here. It's simply Bitcoin.
• 42:07
  Gary Leland, Larry Leopard. They're the.
• 42:10
  Boomers in the chat. They're fantastic.
• 42:15
  So we love there's so many good Bitcoin boomers.
• 42:18
  So yeah, we it's it's not, it's not monolithic, I guess is what
• 42:21
  I'm trying to say. And I think, yeah, I think this
• 42:25
  is the same one. But anyways, so let's go to one
• 42:29
  of my favorite websites, by the way, I'm going to put it in the
• 42:31
  chat. You guys should go check it out.
• 42:33
  I'm going to put it in the Rumble chat and in the YouTube
• 42:38
  chat so you guys can go check it out and for the audio listeners,
• 42:42
  if you want to see it after the show, it's called What the F
• 42:44
  happened in 1971. So let's talk about this, right?
• 42:49
  So what the F happened in 1971? Well, Richard Nixon took the
• 42:53
  United States off of the gold standard.
• 42:55
  And to reference the video that we played for you guys in the
• 42:59
  beginning of the show, the one that the Simply Bitcoin team
• 43:03
  made with Sophie's voice over the promise when gold was made
• 43:11
  illegal was that it was going to be pegged to a certain a certain
• 43:18
  amount of gold was going to be pegged to the dollar.
• 43:22
  That was the deal, right? That was the deal.
• 43:25
  That was the deal that the American people were sold on.
• 43:29
  And then that deal, you know, overtime when the government
• 43:33
  wanted to spend more money it didn't have, they unpegged the
• 43:37
  dollar, right? They unpack the dollar from the
• 43:40
  from gold so that that allowed the government to print as much
• 43:45
  money as their heart desires. There's there's no constraint
• 43:48
  anymore right now. There are unintended
• 43:51
  consequences of this, and this is something, by the way, that
• 43:54
  has been happening throughout human history.
• 43:57
  You can trace it back. You can make a very good
• 44:00
  argument that one of the main reasons as to why the Roman
• 44:04
  Empire fell was because of inflation, currency debasement.
• 44:08
  You could see that in the beginning of the Roman Republic,
• 44:11
  you could see the quantity of gold per, I think their, their
• 44:15
  currency is called the denari or something like that.
• 44:18
  But the Roman currency that they were using, the quantity of, I
• 44:22
  don't think, I don't think it was gold.
• 44:23
  I think it was silver, the quantity of silver per, you
• 44:27
  know, the Roman coin. And you can see it declining,
• 44:31
  you know, throughout the centuries.
• 44:33
  So the point at the end of the Roman Empire, I think the
• 44:35
  quantity of silver per coin was like .000 something.
• 44:39
  And it started at like 85%, right?
• 44:42
  So what do they do? They did, they did the exact
• 44:44
  same thing. They debase the currency.
• 44:47
  And there's unintended consequences of that.
• 44:49
  There are spiritual consequences.
• 44:51
  I've, I've talked about this at length and many podcasts.
• 44:54
  There are economic consequences, but of course you're on simply
• 44:57
  Bitcoin. We're going to focus on the
• 44:58
  economic consequences so and also cultural consequences as
• 45:01
  well. So the first one, worker pay has
• 45:03
  not kept pace with productivity since the 1970s.
• 45:07
  So again, what what the F happened in 1971?
• 45:10
  So hourly compensation and then net productivity.
• 45:14
  So this is what we keep telling you about.
• 45:16
  We keep telling you that productivity continues to
• 45:18
  increase because of technology, and things should be getting
• 45:22
  cheaper. As Jeff Booth has said many
• 45:24
  times, the natural state of the free market is deflationary.
• 45:29
  But on a Fiat standard, it's actually inflationary.
• 45:34
  And then moving down real GDP versus real, real wages, right?
• 45:40
  So the country and the world is getting wealthier, but the
• 45:44
  compensation that people are receiving is staying stagnant.
• 45:48
  Why is that? Real income gains widen shared
• 45:52
  in early post post war decades, but not since then, right?
• 45:57
  So 1970, what happened? And this is what we keep telling
• 46:00
  you. This is the argument we keep
• 46:02
  making on simply Bitcoin every time the government prints
• 46:06
  money. If you were in the lower and
• 46:08
  middle classes, you probably don't have a lot of means to
• 46:11
  save in assets, meaning you don't have disposable income to
• 46:16
  put into savings. So your savings are Fiat, your
• 46:20
  earnings are in Fiat. If you are wealthy, you do have
• 46:25
  the disposable income to invest in assets.
• 46:28
  And every time they print money, those assets go up in value in
• 46:33
  dollar terms, but they're not really going up in in they're
• 46:38
  not actually going up in value. What's happening is you're
• 46:42
  seeing inflation, but your purchasing power, the dollars
• 46:46
  that you've earned, is it going up with the value of the goods
• 46:51
  and services around you. That's why you feel poor.
• 46:54
  That's why the millennial generation feels poor.
• 46:57
  That's why the Zoomer generation feels poorer.
• 46:59
  That's why the alpha generation is going to feel even poorer
• 47:01
  than the Zoomer generation. It's because of Fiat money.
• 47:05
  So when you hear very popular Youtubers, very politicians
• 47:11
  talking about the rich, we have to address inequality.
• 47:15
  You have to remember have this in the back of your mind.
• 47:18
  They are the cause of the wealth inequality in the 1st place.
• 47:21
  They caused it when they took money off the gold standard,
• 47:27
  when in 2008, 2009, no banker went to jail and the
• 47:32
  quantitative quantitative easing experiment started.
• 47:37
  That was the cause for the wealth inequality today.
• 47:42
  And politicians made those decisions.
• 47:45
  So going back to politicians and asking for a solution, that is
• 47:50
  what what the what's the definition of insanity?
• 47:53
  Trying the same thing and expecting different results.
• 47:56
  It's time to try something new. It's time to pick a different
• 48:02
  color. It's time to pick a different
• 48:05
  party, right? So instead of voting for the
• 48:07
  right, instead of voting for the left.
• 48:09
  I'm not saying voting isn't important.
• 48:11
  It is important. Vote for pro Bitcoin candidates.
• 48:13
  Instead of voting for red team or voting for blue team, how
• 48:18
  about you vote for the orange team?
• 48:20
  Because if you've been saving and earning in Fiat, if your
• 48:24
  money has been in Bitcoin, you can live the American dream and
• 48:29
  you don't even need to be in America.
• 48:31
  You could be anywhere around the world.
• 48:32
  And if you've been saving in Bitcoin, as Jack Mahler's
• 48:35
  pointed out in his video, that dream house that you wanted has
• 48:40
  actually been getting cheaper for the last 16 years.
• 48:43
  But if you're looking at the world through the lens of Fiat,
• 48:47
  that dream house that you wanted, it just gets more and
• 48:52
  more and more and more expensive.
• 48:56
  A politician isn't going to save you here.
• 48:59
  You have to take the agency over your own life and make the
• 49:03
  decision on which money you want to use.
• 49:07
  And I promise you that if you choose sound money, your life
• 49:11
  will get better because things all around you will naturally
• 49:16
  get cheaper. Because as Jeff Booth says, that
• 49:19
  is the natural state of the of the free market.
• 49:21
  And because Bitcoin can't be manipulated by politicians, by
• 49:26
  governments, because it has an absolute scarcity of 21 million,
• 49:31
  it is the only thing that is able to properly reflect the
• 49:36
  natural state of the free market, which is deflationary.
• 49:41
  The world gets richer every decade, but under a Fiat
• 49:46
  standard. Only the contillionaires, only
• 49:49
  the people that are the closest to the money spigot are the ones
• 49:52
  that are actually going to benefit from that said system.
• 49:57
  Under a Bitcoin standard, it doesn't matter whether you have
• 49:59
  1000 Bitcoin or whether you have .01 Bitcoin, you are going to
• 50:04
  benefit equally. You're going to benefit equally
• 50:08
  as Michael Saylor. If you're a pleb with a million
• 50:12
  sats, you're going to benefit equally.
• 50:15
  And that's the beauty of Bitcoin.
• 50:17
  It democratizes money. It's rulers without ruler.
• 50:21
  It's rules without rulers. Anyways, that's the end of my
• 50:25
  rant. I got hyped up bro.
• 50:28
  Those videos. Jack Mahler's dropping the fire
• 50:31
  and pressing pish on Natalie Burnell breaking it down like he
• 50:35
  always does. Opti, what's your take, brother?
• 50:38
  Well, First off, I do want to comment on the Jack Mahler's
• 50:40
  video and it made me think like the production and the Bitcoin
• 50:45
  propaganda is getting so good. I I like that video.
• 50:47
  That was like just the overall aesthetics of that video is
• 50:50
  great. Shouts out to whoever's editing
• 50:53
  Jack Mahler's videos. They're doing a great job, you
• 50:56
  know, Hey, hit this up. But I at at this point, man,
• 51:03
  it's funny 'cause every time you bring up housing, the the chat
• 51:06
  gets super triggered and there's like a divide.
• 51:10
  There's probably people that have a house maybe a little
• 51:13
  older than us. You know, their, their mortgage
• 51:16
  is cheaper than rent and they're super happy and, you know, I'm
• 51:20
  happy for them. If I had got some, you know,
• 51:22
  really, really, really good deals to buy a house, I would be
• 51:26
  super hyped too on my side. Like I, I don't even really like
• 51:30
  to have this conversation anymore.
• 51:32
  It's like I, I don't want to buy houses.
• 51:34
  I want to buy Bitcoin. You know, at this point in my
• 51:36
  life where I am right now, I am happy with renting.
• 51:39
  It gives me mobility. It literally, I wouldn't be down
• 51:41
  here in Miami now if I was like buying a house because I'd have
• 51:44
  so many different considerations if I had bought something in, in
• 51:48
  the, you know, Texas or something like that.
• 51:49
  And yeah, of course I could have bought a house and then rented
• 51:52
  it. But that that's just that's just
• 51:54
  more complexity than I want right now.
• 51:55
  Like I just want to own as much Bitcoin as possible.
• 51:57
  When I'm ready to buy a house, my Bitcoin will have gone up and
• 52:01
  I'll be able to buy their houses.
• 52:02
  I'll be able to buy a house like, and I really love the bit
• 52:05
  pain. Tweet it.
• 52:06
  He's really been doubling down on this.
• 52:08
  Like, what is it? If you think I'm going to buy
• 52:10
  your real estate for 10X, you're wrong.
• 52:13
  You can buy my Bitcoin at 1000 XII just love the dunks.
• 52:17
  And to me, this is just, it's just fun, man.
• 52:20
  Where, where I'm at, like, and, and really I, I don't like to
• 52:23
  get into the conversation of housing because a lot of people
• 52:27
  kind of fall into I, I, I'm going to say trap, fall into the
• 52:30
  trap of being like, Aw, quit complaining.
• 52:32
  You know you're you can work and you know you're young and
• 52:35
  millennials are lazy and just. Put on a Put on a bow tie.
• 52:39
  Yeah, if you just work harder, if you if you if you wore a suit
• 52:43
  and you look nice, then you can also buy a house.
• 52:45
  And I'm like, yeah. Whatever handshake firm.
• 52:47
  Yeah, firm handshake, you know, eye contact, all that good, like
• 52:50
  making your bed and cleaning a room and all, all those good
• 52:53
  heuristics and and things they tell us.
• 52:56
  To live a better life. I, I just, I, I don't even like
• 52:59
  to have this. I'm just like, look, I don't
• 53:01
  want to buy your house. Like I don't want to buy a house
• 53:03
  right now. I'm cool with renting.
• 53:05
  I'm cool with stacking Bitcoin. And then it really gets into a
• 53:08
  lot of like, you know, moral kind of conversations.
• 53:12
  And then it does have like the left and right divide in all of
• 53:15
  this and it and it becomes political.
• 53:17
  I just side skirt this look, I don't want to buy a house, I
• 53:20
  want Bitcoin. And if you're young and you're,
• 53:23
  you know, in your mid 30s and you don't have a family or
• 53:27
  you're younger, like you can't make money like the boomers did
• 53:32
  on real estate. Real estate was the tried and
• 53:34
  trued way to become a millionaire, multi millionaire,
• 53:38
  you know, deca millionaire. Now it's an out.
• 53:41
  It's an outdated strategy as far as I'm concerned.
• 53:43
  Like you really want to come up in life, Just do your job and
• 53:47
  saving Bitcoin and when you're ready.
• 53:49
  And you know, you could argue that there might be some kind of
• 53:52
  housing market correction on, in the on the horizon, though I
• 53:56
  might take the flip side. I think the, I think the feds
• 53:58
  are going to do whatever they can to prop up the market, the
• 54:01
  housing market, because they know their, their constituents,
• 54:04
  you know, all the people that are voting for them are they're,
• 54:07
  they're on paper really rich because of the real estate.
• 54:09
  So they're going to do whatever they can to make sure that the
• 54:11
  housing market doesn't pop or the housing bubble doesn't pop.
• 54:15
  So in in that case, it's like, all right, cool.
• 54:18
  You know, like keep those prices artificially high.
• 54:21
  I'm going to stack Bitcoin when I'm ready to buy a house as Jack
• 54:24
  Mahler's, as we've been explaining on this show, as all
• 54:27
  the memes explained, you know, life just gets cheaper on
• 54:31
  Bitcoin. So, you know, eventually we'll
• 54:33
  be buying what, what was the means?
• 54:34
  Eventually we'll be buying houses for .21 Bitcoin.
• 54:37
  And at that point it's like, all right, thank you, thank you for
• 54:41
  your mansion. Here's 10 million cents.
• 54:45
  I'm all for that. So in the meantime, you know,
• 54:47
  we're just playing a different game.
• 54:48
  It it's a, it's a, it's a new era and the game has changed.
• 54:53
  And if you're not adapting to the new game, which is the
• 54:56
  Bitcoin accumulation game, you know, you can try these old
• 54:59
  strategies. But I, I keep referencing this
• 55:02
  tweet or it's, I, I forget, maybe it was advice someone told
• 55:06
  me, but I read it somewhere and it's basically the idea like if
• 55:11
  you want to succeed in the, in the 21st century, where we are
• 55:16
  right now, like you can't be doing the safe bets.
• 55:19
  The safe bets no longer work. Like you do have to take a risk
• 55:23
  And for a lot of people buying Bitcoin, going all in, putting
• 55:26
  all of your, your network behind Bitcoin or, you know, saving in
• 55:29
  Bitcoin with everything you got. Like the collective view of this
• 55:33
  is this is the risky move from from our perspective, this is
• 55:37
  the safest bet to do. But from, you know, what your
• 55:40
  peers might say to you if you do it, the risky move right now for
• 55:44
  a lot of people is what we do is saving everything in Bitcoin and
• 55:48
  going all in on this. But where we are right now, the
• 55:51
  safe bets no longer work. And the safest bet for the
• 55:53
  longest time is just, you know, become a real estate mogul.
• 55:56
  I've seen so many Instagram reels where they go around and
• 55:59
  they're like, we got the, we got the hack for you to become a
• 56:02
  millionaire. Like we talked to 10 different
• 56:04
  millionaires and eight out of the ten of them became a
• 56:07
  millionaire because of real estate.
• 56:09
  And it's like, I'm sure you can make it happen, but there's a
• 56:13
  lot of overhead. There's a lot of, you know,
• 56:14
  stuff you have to do to maintain the house.
• 56:17
  It's just a lot simpler to buy Bitcoin, you know, rent, buy
• 56:20
  Bitcoin, live a good life. Like you live in a, in a decent
• 56:24
  spot. You don't have to pay, you know,
• 56:26
  like $10 million for a house. You just rent the house for 5-10
• 56:31
  years. And in that time you'll be able
• 56:32
  to buy a Bitcoin, a house for the Bitcoin you have at, at a
• 56:35
  less price of Bitcoin. It's like it, it just it dude,
• 56:39
  it literally makes no financial sense to me right now.
• 56:43
  It's just like buy Bitcoin, chill.
• 56:45
  We'll buy their houses at whatever price we want to in the
• 56:49
  future. So and then also that's not even
• 56:51
  talking about the the I forget who posted it.
• 56:56
  Excuse me, hold on the the market right now is crazy.
• 57:03
  There is more sellers than buyers buy like 500,000 homes
• 57:08
  right now. Like everyone wants to get out
• 57:11
  of their house right now and there's no one to buy this
• 57:13
  stuff. Like look, I've been paying I'm
• 57:16
  not going to be the sucker that's buying this stuff right
• 57:18
  now. You know also I can't buy this
• 57:19
  house. But hey, it's it's all good man.
• 57:23
  I'll buy Bitcoin and eventually. I'm not buying the bags That's
• 57:27
  I'm not buying bro. Remember that rant that I went
• 57:29
  on? Like I went on a rant like and
• 57:31
  Opti's like calm down, calm down, calm down because I was
• 57:34
  like, dude, like it doesn't make sense.
• 57:36
  It doesn't make sense. Like all you guys have to
• 57:38
  understand it's inflated. It it's not these aren't this,
• 57:42
  this isn't the utility value of real estate.
• 57:45
  Like I'll put it to you this way, real estate shouldn't be
• 57:47
  seen as an investment. It's seen as an investment
• 57:50
  because the money is broken. And because the money is broken,
• 57:54
  it forces people that have wealth to find assets that are
• 57:59
  going to outpace the rate of inflation.
• 58:03
  That's why real estate has become this form of investment.
• 58:06
  But on a sound money standard, all of a sudden that gets
• 58:09
  switched. Because if you're, let's say,
• 58:12
  let's say you're, you're renting properties, it's like a big
• 58:14
  thing, right? And you want like a 10% cap, 8%
• 58:18
  cap, right? So it's like an 8% or 10% rate
• 58:20
  of return. Plus you have to pay the
• 58:22
  property. Like all, all of the things
• 58:24
  factor in, right? You buy a, a rental property or
• 58:26
  an Airbnb property, is that going to be 30% annual CAGR of,
• 58:31
  of Bitcoin for the next 20 years, which is what Michael
• 58:33
  Saylor is, is anticipating? No, Without the headache of
• 58:37
  dealing with tenants, without the headache of dealing with
• 58:40
  taxes, without the headache of dealing with maintenance.
• 58:43
  You just buy Bitcoin, put it in self custody, forget about it.
• 58:47
  And then what? What's what's going to happen
• 58:50
  all of a sudden? People aren't going to see real
• 58:51
  estate as an investment anymore. If they don't see Bitcoin real
• 58:54
  estate as an investment anymore. What happens to the price of
• 58:56
  real estate? It goes down, right?
• 59:00
  It's artificially inflated because of broken money.
• 59:03
  And that's the message anyways, everybody, let's get to the
• 59:05
  culture. We have tons to talk about.
• 59:06
  We're going to be right back in just a bit.
• 59:10
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  freedom. All right, Nico, before.
• 1:01:13
  We before we move on, I do. I gotta acknowledge dude, every
• 1:01:18
  time we talk about renting over buying a house or housing
• 1:01:21
  markets and stuff, everyone freaks out on both sides.
• 1:01:25
  It's it's honestly amazing. Really.
• 1:01:27
  I haven't. I haven't been paying attention.
• 1:01:28
  Yeah, dude, every time we bring it up, it's like that.
• 1:01:32
  It's it's interesting that this is the most like, divisive
• 1:01:34
  conversation. OK, I'm gonna, I'm gonna set up
• 1:01:37
  a poll. What should the question be?
• 1:01:39
  Should. You should you rent or buy a
• 1:01:41
  home could. You.
• 1:01:43
  Like it's honestly hilarious. That's that's not what we're
• 1:01:46
  covering today on the culture. I, I do have some articles here,
• 1:01:49
  but I, I just find it hilarious every time we brought this up,
• 1:01:52
  it's like we step into a landmine and there's very strong
• 1:01:56
  opinions on every side of the aisle and it just, it cracks me
• 1:01:59
  up anyways, I I just looking at the chat it's.
• 1:02:04
  Just wait, wait, wait, wait. I put, I, I effed up that poll.
• 1:02:08
  I said should you rent or buy a home?
• 1:02:09
  And I put yes or no. Wow, Boomer.
• 1:02:13
  Boomer confirmed. Boomer confirmed.
• 1:02:16
  OK, alright. Go for it just.
• 1:02:18
  Delete it and do it again. Yeah.
• 1:02:21
  Anyway, I just, I interesting social commentary there that
• 1:02:25
  every time we talk about this, it's like doesn't matter.
• 1:02:28
  Like we, we've talked about so many different things and at
• 1:02:31
  times we think we'd get in hot water and stuff, but every time
• 1:02:34
  you bring up renting or buying a house, everyone freaks out.
• 1:02:38
  It's so funny to me. OK anyways.
• 1:02:40
  All right. Ladies and gentlemen, the
• 1:02:41
  renting is up 67%, 20 votes. 20 votes. 62263030 votes. 60 to
• 1:02:48
  4060 to 4035 votes. Okay, okay.
• 1:02:51
  All right, we'll come back to this.
• 1:02:52
  We'll come back. 42 votes, 62386230.
• 1:02:56
  I do have some interesting stuff here coming out of the Fiat
• 1:03:00
  Times AKA the Financial Times. So I mentioned this yesterday.
• 1:03:05
  It looks like the Financial Times is picking up on something
• 1:03:09
  we've said for a while which is starting to make me change my
• 1:03:13
  position on it. Anytime I agree with the
• 1:03:15
  Financial Times I got to re evaluate and here we go.
• 1:03:19
  First and foremost, this one was 2 days ago and I wouldn't have
• 1:03:22
  brought this up if they didn't drop another article today in a
• 1:03:26
  very similar vein. Which really kind of leads into
• 1:03:29
  this idea that I've been saying on the show that it does seem
• 1:03:34
  like Wall Street or these institutions, these, you know,
• 1:03:38
  the the trustworthy people, the experts are really freaking out
• 1:03:42
  about Bitcoin treasury companies.
• 1:03:44
  And there's been a lot of calls that the Bitcoin treasury
• 1:03:46
  companies are the Ponzi. Even Nico said, and we said on
• 1:03:49
  the show, you know, it does seem like the Bitcoin treasury
• 1:03:51
  companies are like the new ICO craze.
• 1:03:53
  Now, if that's is that the case, who knows exactly.
• 1:03:57
  I think a lot of these companies will be OK.
• 1:04:00
  As we've been saying, some of the smaller ones might be a
• 1:04:02
  little, little more of a risk here, but the fact that
• 1:04:06
  Financial Times are starting to pick up on this and they're
• 1:04:08
  they're constantly dropping these articles.
• 1:04:10
  It's making me believe that there is a lot more going on
• 1:04:16
  with these Bitcoin treasury companies than would probably
• 1:04:19
  meet the eye. And I think sailors the best
• 1:04:22
  example of this with all these different products.
• 1:04:24
  Yes, he's getting a lot of hate. There's been a lot of
• 1:04:26
  speculations around what Sailors doing, whether it's good or not.
• 1:04:30
  And it's interesting that every time Sailor announces a new buy
• 1:04:34
  for Strategy, it seems like the the stock dumps, which would
• 1:04:39
  make you believe there's someone out there that does not want to
• 1:04:42
  see strategy be successful. Because it does kind of expose
• 1:04:47
  the whole sham here if all you have to do is buy Bitcoin and
• 1:04:50
  outperform everything else. But what exactly are all these,
• 1:04:54
  you know, 493 zombie companies doing in the S&P 500?
• 1:04:59
  Like, what? What are they doing?
• 1:05:00
  What Why are they even there if seven companies are basically
• 1:05:04
  the ones leading and and, you know, continuing to push up the
• 1:05:07
  S&P 500 and make the world prosperous?
• 1:05:10
  Like, it sounds like that's the real Ponzi scheme here.
• 1:05:13
  Anyways, the title here from the Financial Times.
• 1:05:16
  And this dropped two days ago, I believe, August 25th.
• 1:05:19
  Yeah, Monday. And again, I wouldn't have
• 1:05:21
  brought this up, but we got another one today and they're
• 1:05:23
  saying the same thing. So the headline is why Bitcoin
• 1:05:26
  treasury companies are a fool's paradise and a crypto winter.
• 1:05:30
  The consequences could be painful for investors.
• 1:05:34
  Strategy is like what the best performing stock, maybe even
• 1:05:39
  better than NVIDIA. Those are the two best
• 1:05:41
  performing stocks right now and they're fighting it.
• 1:05:44
  But the interesting thing is how they start this article.
• 1:05:46
  They do that academic intelligentsia kind of article
• 1:05:50
  where they start with a totally different story and then they
• 1:05:53
  get into it to kind of make parallels.
• 1:05:55
  And of course, this one, they start with Charles Ponzi
• 1:05:58
  basically saying that the Bitcoin treasury companies are a
• 1:06:01
  Ponzi scheme. I'm not even going to read this
• 1:06:03
  article, but you can see here it goes.
• 1:06:06
  Depending on whether you're signed up Crypto Bro or not,
• 1:06:08
  Bitcoin is either a brilliant innovation to move the world
• 1:06:10
  away from corruptible Fiat currencies or a vast confident
• 1:06:14
  trick. Again, who are the readers of
• 1:06:17
  Financial Time is the Fiat Times.
• 1:06:19
  It is people that aren't necessarily Bitcoiners and This
• 1:06:22
  is why we call them the Fiat Times is because they do have
• 1:06:25
  this, you know, bent against Bitcoin.
• 1:06:28
  They are Fiat Maxis. So if you got to remember where
• 1:06:32
  you're getting your information from and if you're getting it
• 1:06:35
  from the Financial Times, then they are hell bent on making you
• 1:06:38
  not want to buy Bitcoin or have Bitcoin exposure in your 401 KS.
• 1:06:42
  Now, again, I wouldn't have brought this up today, but they
• 1:06:47
  followed it up with another article, strategy sagging
• 1:06:51
  Bitcoin strategy. And they dropped this right
• 1:06:53
  before we went live four hours ago.
• 1:06:56
  And you know, of course, they got to acknowledge the elephant
• 1:06:59
  in the room that strategy is outperforming everything else.
• 1:07:03
  And all he's doing is buying Bitcoin and then creating new
• 1:07:05
  products that tap into new capital markets.
• 1:07:07
  And there seems to be incredible demand for this, even though the
• 1:07:12
  stock is kind of being pummeled right now.
• 1:07:14
  But you can see that what they say here, it feels like the
• 1:07:17
  magic is fading. And so we, you know, have been
• 1:07:21
  following this on long on the show for a while.
• 1:07:24
  While we're not the biggest fan of Bitcoin treasury companies
• 1:07:27
  per SE, like we're not against them.
• 1:07:29
  We believe that you should be buying Bitcoin If these
• 1:07:32
  companies are doing so well, you should probably just follow
• 1:07:35
  those strategies for yourself. Now, of course, there's caveats.
• 1:07:38
  If you have a traditional, you know, portfolio here and it's
• 1:07:42
  hard for you to get your money out because of penalties or
• 1:07:44
  whatever, have whatever, you know, variable that that might
• 1:07:49
  make you be hesitant. Obviously a Bitcoin treasury
• 1:07:53
  strategy I think is probably a good move for a lot of people,
• 1:07:55
  but it is interesting to see that the Fiat times is going so
• 1:08:00
  hard against these Bitcoin treasury companies.
• 1:08:02
  And now part of it, you know, they could just be picking up on
• 1:08:05
  on sentiment or that bit corners have been talking about.
• 1:08:08
  We've been saying it on the show.
• 1:08:09
  It does seem kind of bubblish. It does seem like, you know,
• 1:08:13
  something might eventually happen, but the more they pile
• 1:08:16
  on on this idea, the more I just want to counter trade this and
• 1:08:20
  be a contrarian and be like no, like the Bitcoin.
• 1:08:23
  If they're this afraid of Bitcoin treasury companies of
• 1:08:26
  people adding Bitcoin to their treasuries.
• 1:08:28
  Now it doesn't mean they have to do the ATM, you know, strategy
• 1:08:31
  playbook, but the more they start to hate on Bitcoin
• 1:08:35
  treasury companies, the more just like the contrarian Bitcoin
• 1:08:39
  are in me is is just believing like these are probably good
• 1:08:42
  things. If the Fiat times doesn't like
• 1:08:44
  it, then this is a good thing. They've been making obituaries
• 1:08:47
  around Bitcoin forever and now they're doing it on Bitcoin
• 1:08:51
  treasury companies. So maybe this is some opium for
• 1:08:54
  you guys that are holding Bitcoin treasuries.
• 1:08:56
  Obviously, I don't I I don't even hold Bitcoin, you know,
• 1:09:00
  boating accidents and all. Yeah, what is it?
• 1:09:04
  We just talked about it, but it's starting to feel like these
• 1:09:08
  treasury companies are going to go higher a lot longer than
• 1:09:12
  anyone wants to believe. And that's just, you know, my
• 1:09:16
  gut feeling here. So they are attacking Bitcoin
• 1:09:20
  treasury companies, specifically Michael Saylor, because he is,
• 1:09:23
  you know, in cherry picking daddy here and stuff like bro
• 1:09:27
  sailors eating their lunch. And the real take away from this
• 1:09:31
  is they do not want this strategy or rather this signal
• 1:09:35
  to spread. Remember when we were covering
• 1:09:38
  the El Salvador Bitcoin announcement, we all wondered
• 1:09:42
  why did not other countries follow suit?
• 1:09:46
  Now we're seeing other countries follow or sorry, other
• 1:09:48
  corporations follow strategy and we're seeing hit pieces on it.
• 1:09:53
  What's the meme, Nico? You get the most Flack once
• 1:09:56
  you're over the target. This is the vibe that I'm
• 1:09:58
  starting to feel from the corporate press out here in
• 1:10:01
  regards to Bitcoin, Bitcoin treasury strategies, Bitcoin
• 1:10:05
  accumulation. So, you know, a lot of this
• 1:10:09
  bearish takes on Bitcoin just at large.
• 1:10:12
  It's starting to make me feel extremely bullish, like we are
• 1:10:15
  going way higher, we're going higher and it they're going to
• 1:10:18
  freak out more and it's going to be glorious.
• 1:10:21
  I hope so. I hope so, man.
• 1:10:22
  We've been saying we're going higher.
• 1:10:24
  We're going. What's that song?
• 1:10:27
  That's a. Creed.
• 1:10:28
  Yeah. How's it go?
• 1:10:31
  I don't know, I don't sing as self.
• 1:10:34
  Yeah, we have to ask Selfie. Anyways, the point is, we've
• 1:10:36
  been saying that we've been going, we're gonna go higher for
• 1:10:39
  the last year or so. I'll believe it.
• 1:10:41
  I'll believe it when I see it, bro.
• 1:10:42
  I think Bitcoin's a stable coin now.
• 1:10:44
  Dude Nico, you, you can just not help yourself and be a bear.
• 1:10:48
  I think. I think they should just call
• 1:10:49
  bitstate. They should change bitcoin's
• 1:10:51
  name to bitstable. Bitstable.
• 1:10:54
  Wait, what? Oh, Bitstate.
• 1:10:55
  Bitcoin just bitstable. Wait wait wait, do I have?
• 1:10:58
  Something here, hold on, Bitstable do.
• 1:11:02
  I have it. I don't think I have it.
• 1:11:04
  Bitstable, here we go. There we go.
• 1:11:11
  Can you take me higher? Everyone says it.
• 1:11:14
  Can you take me higher? Yeah, In.
• 1:11:15
  Inverse corporate press. This is the way.
• 1:11:19
  So anyways, we're at that time of the show, ladies and
• 1:11:22
  gentlemen, where we are going to give away some sats.
• 1:11:25
  Actually, our friends over at Bitcoin Well are going to give
• 1:11:28
  away some sats, so we're going to toss a coin into the wishing
• 1:11:32
  well. Bom Bing bom, boom, toss a coin.
• 1:11:35
  We are tossing a coin. Ladies and gentlemen, Ding and
• 1:11:39
  get your Lightning wallets ready.
• 1:11:40
  First person to scan the QR code has won 526 SAT's today.
• 1:11:46
  If you use bitcoinwell.com/simply that URL,
• 1:11:50
  it's in the video slash podcast description, you will get 3
• 1:11:54
  tosses into the wishing well. Every toss you have an
• 1:11:56
  opportunity to win up to 1,000,000 Satoshis.
• 1:11:59
  Anyways, I want to I want to thank everybody for tuning in
• 1:12:03
  today hit 14,000 live viewers on rumble.
• 1:12:07
  I think that's a record strong coming in on YouTube 620.
• 1:12:12
  I think we peaked at and of course, X always coming in
• 1:12:15
  strong with 2000 live viewers. If you guys enjoyed today's
• 1:12:18
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• 1:12:22
  see you tomorrow for a brand new episode of Simply Bitcoin Live.
• 1:12:26
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• 1:12:30
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• 1:12:33
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