Latest / Simply Bitcoin / This CONFIRMS America will never Buy Bitcoin?! | EP 1403

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This CONFIRMS America will never Buy Bitcoin?! | EP 1403 · Simply Bitcoin

0:01
Yo, Senator Lummus confirmed she is leaving in 2027.
0:05
That's right, she is not going to be running for re election,
0:10
which is leaving many people to wonder what does this mean for
0:14
the strategic Bitcoin Reserve initiative?
0:17
Senator Lummis was one of the main advocates in the Senate
0:20
pushing for the United States to buy 1,000,000 Bitcoin.
0:25
But now that now we've got no senator Lummis no behinds and
0:29
still no Bitcoin buys. It's been nine months since
0:34
President Donald Trump signed the Bitcoin executive order.
0:38
So what is actually going to happen with the strategic
0:41
Bitcoin reserve in America of course we have a ton of source
0:44
material for you guys. We have the betting markets.
0:47
The betting markets aren't looking so optimistic about it
0:50
either. Guys, it's going to be an
0:52
incredible show. Stay tuned and let's jump
0:55
straight into the source material.
0:57
So what am I talking about today, ladies and gentlemen?
1:01
So let's start off with Bo Hines.
1:04
So you guys remember this a couple of weeks ago?
1:08
No, a couple months ago at this point, Bo Hines, which was the
1:12
biggest Bitcoin advocate in my opinion, other than the AI
1:17
Cryptozar David Sachs in the White House.
1:21
You saw him in every single interview, every single
1:24
interview. He was advocating for a
1:26
strategic Bitcoin reserve. How was going to happen?
1:29
How was it an inevitability? And then a couple months into
1:34
his, you know, his, his stint at the White House, he resigned.
1:38
And then shortly after you had this like funky thing that was
1:41
happening where Treasury Treasury Secretary Scott Bessett
1:46
would go on legacy media and he would say, you know, like we're
1:49
really focusing on gold. There was a lot of pushback from
1:52
the community. And then he kind of walked it
1:54
back with the post. Anyways, it was all very
1:56
suspicious at that point. When that happened.
1:59
Initially, we told you guys on on simply Bitcoin.
2:01
We said this is probably not a good thing for the Strategic
2:06
Bitcoin Reserve initiative in the United States.
2:08
And I remember. Shortly after he left the
2:13
administration, he joined Tether, right which again great
2:16
great Bitcoin company and spreading digital assets all
2:19
around the world. But anyhow.
2:21
So this this was like the first. Alarm signal, the second alarm
2:25
signal. I have a soft spot for Senator
2:27
Lemus. Senator Lummus gave me my first
2:30
interview with a United States Senator.
2:33
I had the honor and the pleasure of being able to interview her.
2:36
And you interview her inauguration week in Washington,
2:40
DC, January of this year. And I I remember.
2:45
I was so hyped because she was talking about the strategic
2:47
Bitcoin reserve. She was talking about how she
2:51
was becoming part of the Senate Banking Committee, which is a
2:55
big deal from a policy perspective to have a bitcoiner
2:58
in the Senate Banking community member.
3:01
The other side, the head of the Senate Banking Committee for the
3:04
Democratic Party is Elizabeth Warren, right?
3:07
So just to kind of give you an idea of how important that
3:10
committee, that committee is and Senator Lummis over the, I think
3:15
it was on Friday actually, she announced that she is not going
3:19
to be running for re election to clarify.
3:21
She will be. Doing everything in her power to
3:25
continue to push on and advocate for digital assets in the United
3:29
States next year. So she still has a whole year
3:33
before her term expires, but she's not going to be running
3:36
for re election in 2027 moving forward.
3:40
There's no way to cut this. There's no way to spin this.
3:43
There's no way to make this better.
3:46
This is a big loss for the Bitcoin community.
3:49
She was. The.
3:50
Bitcoin Senator, she was hardcore, She had principles.
3:54
I remember one of the the the last thing she said when she's
3:57
talking about the interview, she says, like, listen, this is the
4:01
this strategic Bitcoin reserve is one of the things that my
4:06
generation could do for your generation to right the wrongs
4:11
of Fiat. That was one of the most
4:13
powerful things she said when we when, when, when I got to
4:17
interview her in DC and unfortunately she's she's not
4:22
going to be running for for for re election.
4:24
I do want to thank Senator Lummus and her amazing team, got
4:28
to speak with them last week for everything that they've
4:32
contributed to the, the Bitcoin space, the Bitcoin movement.
4:36
It's been fantastic. It's been, it's, it's been
4:39
incredible that we have an advocate for Bitcoin on the
4:42
upper House of the, you know, of, of, of the US legislative
4:48
body, right? So I do want to, I do want to
4:50
thank Senator Lummus for her service, But this is a big hit.
4:54
I'm not going to lie to you guys.
4:55
I'm not going to try to spin it. So anyways, she says it's an
4:57
incredible honor to represent Wyoming in the in the US Senate.
5:01
And throughout my time here, Wyoming has been my one and only
5:05
priority. What a blessing to serve with
5:07
Senators John A Bar so and Mike Enzi when I was in the US House
5:13
and with John and Representative Herriot Hegman while I've been
5:17
in the Senate. We all put Wyoming first, which
5:20
has cemented our cohesive working relationship.
5:23
Deciding not to run for re election represent a change of
5:27
heart for me, but in the difficult, exhausting sessions
5:31
weeks this fall, I've come to accept that I do not have six
5:34
more years in me. I'm a devout legislator, but I
5:38
feel like a sprinter in a marathon.
5:41
The energy required does doesn't match up.
5:44
I'm honored to have earned the support of President Trump and
5:47
to have the opportunity to work side by side with him to fight
5:51
for the people of Wyoming. I look forward to continuing
5:54
this partnership and throwing all my energy into bringing
5:57
important legislation to his desk in 2026 and into retaining
6:02
common sense Republican control of the US Senate.
6:05
Thank you, Wyoming. So let's do a couple of things
6:07
to breakdown what she just said thing #1 the Senate.
6:12
The Republicans will more than likely keep the Senate next
6:16
year. More than likely they will lose
6:19
the House next year as things currently stand.
6:22
That's thing number two thing #3 the Clarity Act has a high
6:27
probability of passing in Q1 or Q2 of 2026.
6:33
The Clarity Act, more than the Genius Act, is actually a bigger
6:37
win for our industry in terms of, again, it's in the name,
6:42
regulatory clarity. And of course, when you have
6:44
regulatory clarity, you have a lot of confidence from the big
6:47
banks, from large institutional players to invest in digital
6:51
assets, to invest in Bitcoin without the, with, without fear
6:55
of uncertainty, without fear of, of an incoming administration
6:59
coming in and reversing all of the things the Trump
7:01
administration did. Remember, an executive order can
7:04
be reversed by a future president, a something that goes
7:08
through legislation and gets passed in Congress.
7:12
It's much harder to, to, to reverse.
7:14
And as Senator Lummus has said many, many times, they have done
7:19
all of these things in a bipartisan fashion.
7:22
So it's not been all complete support from the Democratic
7:25
Party, but a lot of Democrats supported the Genius Act and a
7:29
lot of Democrats will support the Clarity Act as well.
7:33
So I do want to thank Senator Senator Lummis for her service.
7:36
But I'm not going to, you know, put a cherry on top and say this
7:40
is amazing news or this is fantastic.
7:44
Losing Bohines and then losing Senator Lummis is just it's a
7:54
big loss for the Bitcoin Reserve movement in the United States.
8:00
You can cut that in two different ways.
8:02
You could say, Nico, that's a good thing.
8:04
We actually don't want more nation states acquiring Bitcoin.
8:08
Or you can. Look at it from a more number go
8:11
up perspective and say, listen, if there's not going to be a
8:15
strategic Bitcoin reserve, then you're not going to see these
8:18
wild price swings to the up to, you know, the upwards direction
8:22
because we were telling you guys this throughout the year.
8:26
And there is a lot more certainty earlier on this year.
8:30
That look, I said if the United States announces A strategic
8:34
Bitcoin reserve and they announced that they bought like
8:36
you know, 500,000 Bitcoin or something like that, I'll tell
8:39
you guys like the price of Bitcoin would probably go to
8:41
half $1,000,000 within a year, right?
8:44
Because it would just create an A Bitcoin arms race worldwide,
8:48
right? So anyhow, let's talk about
8:51
this. So the US Bitcoin reserve, the
8:56
Poly market odds now have it at less than 1%.
9:00
And just to kind of give you guys reference, right, And the
9:03
beginning of the year in in March of 2025, the betting
9:10
markets had it at a 77% probability that it was going to
9:16
happen, right? And then when Bo Hines resigned,
9:20
right, which was in August, right?
9:22
You can see that it went from a 35% chance down to a 20% chance
9:26
and now with the Senator Lummis announcement, you know you have
9:31
it at less than 1%. Now, if you are taking more of a
9:37
long term view of this, here is the the betting, even though it
9:42
doesn't have that much volume, but still I love the betting
9:45
markets gives gives it a more the betting markets have been
9:50
more accurate at predicting elections, predicting results
9:53
because again, people put money on the line.
9:56
It's not just a pollster. A pollster can be compromised.
10:00
They can be paid off. You know, when people put their
10:03
money where their mouth is, so to speak, when they have
10:05
something at stake, right? It, it tends to, you know,
10:09
create more accurate results. Now here are the odds currently
10:14
as they stand for AUS National Bitcoin Reserve before 2027.
10:19
It's currently at 27%, so check this out.
10:23
We went from 77% on March of 2025 to 2027, right?
10:31
So 2026, it's all the way down to 27% and we lost our two
10:39
biggest advocates for a strategic Bitcoin reserve in the
10:43
same calendar year, Bo Hines, who again is with Tether, and
10:50
you have Senator Lummis, who is announcing that she is no longer
10:55
running for, you know, the United States Senate in 2027.
11:03
There's no way to cut it. There's no way to sugarcoat it.
11:06
I think this is a big loss for the movement.
11:11
I think that, I think that and I'll, and I'll get to this.
11:16
I think there's a, there's a rabbit hole here and I'll, I
11:20
kind of connect it with what was happening with Elon and, and all
11:23
that stuff. There's no way to slice this.
11:26
There's no way to spin this. There's no way to cut this.
11:29
There's no way to reframe this. We had our two biggest advocates
11:35
basically resign and, and announce that they're, they're
11:38
not running for office. Now, Senator Lummus is still
11:42
going to have a year in office and she's going to do her best.
11:45
She's going to work. Her team is going to work on, on
11:48
digital asset legislation. But again, as a political
11:52
junkie, I'm looking at this from the outside and what I'm seeing
11:57
is, and she kind of says this in her statement.
12:01
I'll pull it back up again just so you guys could see it with
12:06
me. But look, she says this in her
12:09
statement. This isn't just me.
12:11
Speculating not to run for re election doesn't represent a
12:15
change of heart for me. But in the difficult, exhausting
12:19
session weeks this fall, I've come to accept that I do not
12:22
have six more years in me. I'm a devout.
12:25
I'm a devout legislator. But I feel like a sprinter in a
12:28
marathon. I feel like that line really
12:31
gives the towel, right? So what I think that Senator
12:36
Lummis ran into, and I think that what Bo Hines ran into, is
12:42
bureaucracy. You can call it the
12:45
administrative state, you call it the deep state.
12:48
I don't even call it the deep state.
12:49
It's just the administrative states.
12:50
It's the unelected bureaucracy that remains in power no matter
12:54
who gets elected. And that unelected bureaucracy
12:57
gets a tremendous amount of power and influence over United
13:01
States politics because they are powered and funded by the United
13:07
States Federal Reserve, right. And what what what we've seen
13:10
this entire year is that the United States Federal Reserve
13:15
has not been acting in a neutral fashion.
13:18
They've been acting in AI would say they've been acting
13:23
extremely politically. I think they've been picking
13:25
sides. I think that they've tried to
13:28
sabotage the Trump administration's first year so
13:32
that essentially by the time the midterms come around, he's no
13:36
longer really a threat to them, right?
13:38
Because once the Democrats take back in power, we know what the
13:41
Democrats stand. Not all of them, but we know how
13:44
the Democrats feel about Bitcoin, right?
13:47
They want a central bank digital currency.
13:49
They don't want Bitcoin. The Trump administration and the
13:52
GOP have made it part of their official party platform that
13:56
they will stand for digital assets.
13:58
They'll stand for stable coins and they'll stand for Bitcoin
14:01
and they'll stand for the right to self custody.
14:04
If you're the Federal Reserve, what do you do you want
14:07
competition or do you want up a complete and utter monopoly
14:11
right? So I don't blame them for
14:13
acting, you know, in in their their own interest.
14:16
But that is something to be talked about.
14:18
And I think what happened with Bo Hines and I think what what
14:22
is what happened with Senator Alamas is that they ran into
14:25
this machine, this machine that specializes in ensuring its
14:31
survival, right? That's literally what this
14:34
bureaucracy, this massive bureaucracy in Washington, DC
14:38
is. You saw a glimpse of that when
14:41
Elon went in there with Doge. Now Doge is officially shut
14:45
down, but you saw it was a combination of the legacy media
14:49
attacking what Elon was doing. And then it was a combination of
14:53
you saw it every single day on X.
14:56
It was like politicians would stand in front of buildings and
14:59
say, Oh, my God, the world's going to burn down.
15:02
You know, like he's cutting all these things that shouldn't be
15:04
cut even though there were so many inefficiencies that were
15:08
discovered. I mean, this was just announced
15:10
the other day. The the the Pentagon just
15:13
failed. It's for it's 8th audit in a
15:16
row, right? So there's no accountability
15:19
whatsoever. And why would there be any
15:22
accountability at all, right? So again, I think this is what
15:26
Bo Hines ran into. I think that this is what
15:29
Senator Lummis run into. And I think it's utterly
15:33
exhausting, right? And I think that's why Elon
15:35
left. I think that's why Bo Hines
15:37
left. And I think This is why Senator
15:39
Lummis, she's being very clear with you guys.
15:41
She's saying, listen, I just this is going to require a ton
15:45
of energy. I want to Sprint to get all of
15:48
this stuff done. But I've come to realize that
15:51
this is going to be a marathon, right?
15:53
This is going to take a lot longer than what everybody
15:57
anticipated. And of course, like it's, you
16:00
know, ladies and gentlemen, this is the separation of money and
16:03
state. What did you expect?
16:05
Did you expect something different?
16:07
Did you expect for them just to give the keys over and say, all
16:10
right, guys, you found better money, here you go, you know,
16:14
go, go do your thing, right? No, it's going to take all it's
16:17
it was, it was always going to take a lot longer.
16:20
And I think. These are the lessons that we're
16:21
learning, but This is why it's so important to for you to stay
16:26
in the fight. Next, man up right, keep your
16:30
head up and again get pro Bitcoin, anti CBDC people in
16:37
Congress and positions of power and again that is how slowly but
16:42
surely you will get the strategic Bitcoin reserve it it
16:46
needs you need the political will, but we've lost the
16:50
momentum and I think that's what I want to talk about on today's
16:53
intro. We've lost the momentum.
16:55
We've lost the momentum bigly. And I don't think we're going to
17:01
get this strategic Bitcoin reserve anytime soon.
17:03
And we had the opportunity in the beginning of the year.
17:07
We just didn't run fast enough to capitalize on it.
17:11
That's my take on all this. And yeah, I mean, Senator
17:15
Lummis, thank you for your service.
17:16
Bo Hines, I think you did an incredible job as well.
17:20
But that's how things stand. And that's not my opinion.
17:24
The betting odds seem to agree with me as well.
17:27
But anyways. Now, what is the bright side of
17:30
all this? The bright side of all this is
17:31
again, a lot of people or a lot of smart people were we're
17:35
advocating for. There shouldn't be a strategic
17:38
Bitcoin reserve, right? You don't want governments to
17:41
have all of this Bitcoin. Maybe from a number go up
17:44
perspective it's positive, but from Bitcoin score mission of
17:49
the separation of money and state and ending this monopoly
17:53
by central banks, you actually don't want the government to
17:56
hold all this Bitcoin. You actually want these
17:59
initiatives to start happening on the state level which they
18:02
are happening on the state level.
18:04
I think the. State of Texas announced the
18:07
other day that they bought $5,000,000 worth of Bitcoin
18:11
exposure. That's the type of movement that
18:14
you want, right? And that's exactly what's
18:16
happening, right? So the silver lining is that
18:20
that again, you have more time to acquire more cheap Bitcoin
18:26
because inevitably governments are going to buy this.
18:29
Like this is just a delay. They're going to buy this.
18:32
This is an inevitability. Bitcoin is the best money the
18:35
world has ever seen by a long shot.
18:39
So again, they're just going to buy it at a much higher price.
18:44
I remember having an interview with Adam Back and he was saying
18:46
like, look like governments are just going to buy it at a much
18:49
higher price than they are now. If they don't want to take
18:51
advantage of $100,000 Bitcoin, $80,000 Bitcoin, they'll buy it
18:55
at $500,000 Bitcoin, right? So again, from a number go up
18:59
perspective, I wouldn't say it's very, very bullish news from a
19:03
kind of. Bitcoin mission perspective It's
19:06
incredibly bullish news because again, it gives you the
19:11
individual more opportunity to acquire cheap Bitcoin.
19:15
And more opportunity for individuals to hold the lion's
19:19
share of Bitcoin rather than institutions and governments.
19:23
And at fundamentally, at the end of the day, if the Bitcoin
19:26
revolution is to succeed. It's going to succeed on an
19:31
individual level. It's not going to succeed by
19:34
the, it's not going to succeed if it's driven by the
19:38
institutions or if it's driven by the government.
19:41
We kind of saw a glimpse of that in El Salvador.
19:44
In El Salvador, you had, you know, the launch of of of
19:47
Bitcoin as legal. Tender you had the launch of the
19:49
Chivo app, but it was more top down and what you saw is you
19:54
didn't really see that much adoption like I, I, I, I, I
19:58
applaud Naimbu Kelly for making Bitcoin legal tender.
20:01
I think it was a fantastic. Move in a way, Bitcoin still is
20:04
a form of you could still use it as money in El Salvador, right?
20:08
But that's not how you want Bitcoin adoption to happen.
20:12
You want Bitcoin adoption to happen from the bottom up.
20:15
It fundamentally Bitcoin is a fast roots movement, right?
20:20
So anyhow, interesting news starting it off.
20:23
I don't think the strategic Bitcoin reserve is going to
20:26
happen in 2025. I don't think it's going to
20:28
happen in 2026. Let's see if it happens within
20:32
Trump's first term. He is heavily incentivized for
20:35
this to happen. He has one, He has the one of
20:39
the top ten largest strategic Bitcoin reserves.
20:42
I mean, Bitcoin treasury companies, his company just
20:47
announced that they bought, you know, more Bitcoin.
20:50
I think it was, it was today or yesterday.
20:52
So he's heavily incentivized for number to go up.
20:56
He's heavily incentivized for Bitcoin to succeed.
20:59
His, his kids, Eric Trump heavily involved in the, in the
21:04
sector. They're speaking at conferences
21:06
left and right, their own company, I think it's called
21:09
American Bitcoin. Again, they're heavily exposed
21:13
to the markets. And the reality is this, ladies
21:15
and gentlemen, and 2025 was not that great of a year for Bitcoin
21:20
Year, year to date, it's down. I think it's like 6%.
21:24
If you go back 365 days, it's down as well.
21:28
So Bitcoin hasn't had a great year.
21:31
Now let's see what happens in 2027 in 2026.
21:34
Is it going to finally break the cycles?
21:37
Are we going to have an explosive rally?
21:40
Let's see. I think that's yet to be
21:41
determined, but Bitcoin has never had two years back-to-back
21:46
in the red. So if we end, if we end the year
21:50
in this 90 K 8880. 5K region and that's what the price is in
21:56
December 31st of 2025 heading into January.
22:01
That would mean that all Bitcoin would need to do is go up from
22:04
there, right? So that 2026 is uncharted
22:08
territory. We don't know where Bitcoins
22:10
going to end up. And I think that's the big
22:12
question on everybody's minds. No one knows the answer to it.
22:16
And that makes me incredibly effing bullish and excited.
22:21
And the reason for that is for the first.
22:23
Time in a long time, we have uncertainty in the markets and
22:28
you want uncertainty in the markets, want people not to know
22:33
exactly what's going to happen, because if someone tells you
22:36
that something is guaranteed to happen in the markets, usually
22:40
the exact opposite tends to happen.
22:42
And that's exactly what we saw this year, everyone and their
22:45
mother, we are guilty of this ourselves.
22:48
We're extremely bullish of of on Q3 and Q4.
22:53
Of 2025. It's the year after the halving.
22:57
It tends to go parabolic and you know what happened?
22:59
The exact. Opposite it was.
23:01
Bearish. They were the most bearish the
23:03
year after the halving performances ever in Bitcoin's
23:07
history. So what happened?
23:08
The market did exactly the opposite of what everyone else
23:11
is expecting. So what does the majority, what
23:14
does the consensus think Bitcoin is going to do heading into
23:17
2026? Everyone feels.
23:21
Bearish. Most people say, listen, the
23:23
cycle is over. It's done.
23:25
You know, you had senator, Senator Lummis announcing she's
23:28
not running for re election. You have Bo Hines resigning.
23:31
The strategic Bitcoin reserve isn't happening.
23:33
It looks like the Republicans are going to lose the house.
23:36
Like everyone has this negative sentiment.
23:39
They're expecting, you know, downward, you know, price
23:42
action. And again, markets do the exact
23:45
opposite. So heading into 2026, we might
23:49
actually have an incredibly bullish year, but that is yet to
23:53
be determined. Guys, if you're enjoying the
23:56
show so far, make sure to smash that like button.
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Consider subscribing. This is my first time hosting
24:03
the show by myself. Opti right now is at home.
24:06
He's with his family, he's enjoying the Christmas week.
24:09
So I'm going to be holding it down this entire week.
24:11
When I have Sophie as a guest, I'm going to have Luke as guest
24:14
is going to be a great week. Tons of content for you guys, so
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stay tuned. Smash the like button, consider
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subscribing. We still have a ton of things to
24:22
get to. We're going to be right back in
24:25
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Simply At the time of recording, the Bitcoin price is $89,400.
27:02
Block height 929,007 Market cap 1.78 trillion Bitcoin versus
27:09
gold market cap 5.67% Decline from all time high -92.2%.
27:17
Anyways, moving on to I got something interesting.
27:21
I got something spicy for you guys, Senator Warren going head
27:26
to Look, at the end of the day, ultimately what I've come to
27:34
terms with, what I've come to the realization to.
27:37
Is that I think Senator, Senator Warren, all she wants is just
27:41
control. I think that's what it boils
27:43
down to. What it fund him What what it
27:46
what? I think she's using all these
27:48
excuses. I think she's using all this
27:51
language. I think she's using moral virtue
27:53
to really kind of obfuscate what she's really after.
27:57
I think she wants control. I think she wants more control
28:00
over your lives. I think she wants a monopoly
28:03
over money. That's why she wants a central
28:05
bank digital currency. And I think she's willing to say
28:08
anything and everything in order to achieve those means.
28:12
Right, that end goal, so. You know, she goes on and says
28:16
she says the Trump administration wants to turn the
28:18
clock back to 2008 and let Wall Street run wild.
28:22
We all know how that ended with taxpayers bailing out Wall
28:26
Street while millions lost their homes and got fired from their
28:30
jobs. Donald Trump could be setting
28:32
the stage for the next crash. And then here is Treasury
28:37
Treasury Secretary Scott Besson replying directly to Elizabeth
28:40
Warren and she says with apology, with apologies, Senator
28:44
Warren, you can't memory hold three of the largest U.S. bank
28:47
failures, Silicon Valley Bank, Silvergate Bank and Signature
28:51
Bank, which occurred in 2023, all under the senator's beloved.
28:56
And I'll conceived regulatory straitjacket as enforced by the
29:00
Biden administration. Over regulation is not the
29:03
solution to what ails. The American banking system
29:06
rigorous responsible supervision is the initial report on the
29:10
2023 debacle by former former vice chairman for.
29:15
Vice chairman is for supervision.
29:17
Michael Barr was an excessive, was an exercise in obfuscation
29:22
and sophistry. The American people deserve
29:25
supervisors who are not asleep at the wheel.
29:28
And the incoming chairman of the Federal Reserve should not
29:31
undertake A thorough investigation of the systematic,
29:34
systemic and oversight failures that led to that disaster.
29:38
So and then you kind of. Add you sprinkle in all the
29:42
things that happened under operation.
29:45
Choke .2 point O and it kind of leads you to a simple
29:49
conclusion. I don't think Senator Warren is
29:52
actually interested in the well-being of the American
29:56
people. I don't think she's interested
29:59
in, you know, this regulatory oversight that is going to help.
30:03
Her constituents, because if she was actually interested in all
30:07
of these things, Senator Warren would be the biggest advocate of
30:12
Bitcoin because the Bitcoin is literally the only money the
30:16
world has ever seen that is actually going to protect the
30:19
lower and middle classes from the ravages of inflation.
30:23
So again, she's saying all of these things about, Oh my God,
30:27
the Trump administration, he's deregulating the, you know, the,
30:30
the financial system and that's going to lead to a crash.
30:34
And, but, but that leads to an even deeper point, right?
30:37
Like these are the same excuses that were used to establish the
30:42
Federal Reserve. The whole point of the Federal
30:44
Reserve was, look, if we don't have the Federal Reserve, you're
30:48
going to have the you're going to have these crazy crashes in
30:50
the market. Unemployment is going to go
30:53
crazy and you don't want the Wildcat era coming back.
30:58
Like those are all of the excuses that were used.
31:01
And if you take a look at not what the theory was, but if you
31:06
take a look at what the results have been over the last 100
31:10
years, the Federal Reserve has been complete and utter failure.
31:15
The two largest depressions and recessions in American history
31:20
happened during the Federal Reserve, the 1930s and then the
31:24
2008 Great Recession, right? And then there's been a bunch of
31:28
market downturns in the middle. And then not to mention the fact
31:32
that the Federal Reserve is the largest cause of of wealth
31:38
inequality in the United States. Every time the Federal Reserve
31:44
prints money, for whatever reason, it is a redistribution
31:47
of wealth from the lower and middle classes to the very
31:50
wealthy and back to the government.
31:53
So Elizabeth Warren markets herself as speaking on behalf of
31:58
the people. She wants what's best for you.
32:00
She's she doesn't want Donald Trump to run wild and deregulate
32:05
the economy and do all these things because that's going to
32:08
hurt the little guy. Well, my message to Elizabeth
32:10
Warren is if you really want to help the the little guy, you
32:14
should be 100% behind Bitcoin. But she's not because I don't
32:20
think she's interested in helping the little guy.
32:22
What I think she's doing is she's using the marketing
32:26
gimmick of oh, I'm here, I'm here to help you.
32:30
I'm here to help the little guy to really hide what she's
32:35
actually after. And what she's actually after is
32:39
control, more control over your life.
32:43
And that's exactly what a central bank digital currency is
32:46
going to enable. And also more wealth for the
32:50
government, like more control for the government, more power
32:52
for the government. And that's what she's really
32:56
after. So again, I love one of the one
32:59
of my favorite things about Bitcoin that I think not enough
33:02
people talk about is that it has this this ability to expose
33:07
incentives like nothing else. And I think what Bitcoin really
33:11
exposes with Elizabeth Warren is that she's a hypocrite, is that
33:16
she actually doesn't, she actually doesn't want what is
33:19
best for her constituents. What she actually wants is.
33:23
More power and control for the bureaucracy in DC that
33:27
fundamentally believe that they can run your life better than
33:33
you can run it yourselves. Basically they think you're
33:36
stupid. That's basically what it means,
33:38
right? But anyhow, moving on to the
33:41
next segment guys, we still have tons to cover.
33:43
Actually here's Simon Dixon and she he has a pretty good take on
33:49
all of this. Let me read you this.
33:51
He says you're learning how power really works right now for
33:54
one reason Power is managing the weakening of the dollar.
33:57
What you're discovering what what's making you angry prop
34:01
popped up the dollar. They weren't bugs.
34:03
They were features your. Outrage is useful because once
34:06
you realize that much of what you believed about how the US
34:10
works was a lie, the old story breaks.
34:13
That's why this is surfing surfacing right now.
34:16
What they're not telling you is that what remains hidden is much
34:19
worse. The Empire has no clothes.
34:22
The handover from the British Empire to the US Empire Empire
34:26
was a managed transition. Everything was hidden to
34:29
preserve continuity. The transition This transition
34:33
is different. You're being allowed to see some
34:36
of what sustained the Empire, but what you still don't see is
34:40
far more destabilizing than what you do.
34:43
There's no rewind, no reform, no no no rescue.
34:48
Nothing stops this train and what he's referencing.
34:51
Is the release. Of the Epstein files, which
34:54
again correlates to what I've been talking about.
34:59
Congress passed a law to release these files, right?
35:02
And I don't know if you guys have been in the know.
35:04
I don't know if you guys have seen it or not seen it, but
35:07
basically all the files were redacted.
35:10
So like, what's the point of like electing these these these
35:15
representatives and then them voting on a subject and then
35:20
even though the subject gets voted on and it's like by law,
35:24
you have to release these. Files when they get released.
35:27
It's you just. Using page pages and pages of
35:31
retractions like what? Like, like what, what are we
35:33
doing here? Like what, what's, what's really
35:35
going on? And this boils down to the
35:37
fundamental issue, ladies and gentlemen, it really boils down
35:41
to this. It's not rocket science.
35:44
No one should have the ability to create money for free that
35:47
someone else has to work for. It completely misaligns
35:52
incentives. And This is why Satoshi created
35:55
Bitcoin. This is what the Bitcoin
35:58
revolution is all about. And again, as long as the
36:02
government has the ability to create money for free, you're
36:05
going to have more politicians like Elizabeth Warren.
36:09
You're going to have a whole system that is meant to protect
36:15
that privilege rather than to act on your best interest.
36:20
And fundamentally, we are sold on government, on the idea that
36:26
government is supposed to represent you.
36:29
The government is supposed to be a government by the people, for
36:32
the people. As the system currently stands,
36:36
it's a system that is a government by the government for
36:40
the government, as long as they have the money printer that's.
36:43
Always going to be the case. That is inherently what is wrong
36:48
with the system. That is something that
36:50
bitcoiners fundamentally know. And this is something that,
36:53
again, you guys have the ability to change that.
36:57
And you, you don't have to change that using violence.
37:00
You don't have to change that using a revolution or, or, you
37:03
know, getting or voting someone in power.
37:05
Clearly that didn't work like we had.
37:08
I, I had such high expectations for the Trump administration and
37:12
they've done a tremendous amount of good.
37:14
I hope they free the samurai wallet developer.
37:16
But as you could see. When Elon got in there, what
37:20
happened? He ran into a wall.
37:23
When Bo Hines got in there, what happened?
37:27
He ran into a wall. With Senator Lummis putting so
37:31
much energy into passing this legislation, into passing the
37:36
Strategic Bitcoin Reserve Act, what happened?
37:39
She. Ran into a bureaucratic wall.
37:41
And that bureaucratic wall is always going to exist as long as
37:46
they have the ability to print money.
37:48
And of course, El Salvador is an amazing case study.
37:52
Why do you think they've attacked El Salvador the way
37:55
they have? This is a tiny country with AGDP
37:59
of $32 billion. Elon Musk's net worth is $700
38:03
billion. Just to kind of give you an
38:06
idea. It's a very small country.
38:09
It's a developing country. Why did you why do you think
38:13
that the IMF went through such lengths for them to reverse
38:20
Bitcoin as legal tender? Why do you think you saw all of
38:24
the legacy media attack Naimbu Kelly the way they did?
38:29
Why do you think all of that happened?
38:31
Because it, Naimbu Kelly is proving that you can have a
38:36
government that functions and actually fulfills its core
38:41
responsibilities. And what that does is it
38:44
embarrasses all the other governments that are not able to
38:49
do that. And the reason they're not able
38:51
to do that is because they're not incentivized to.
38:55
You wouldn't be incentivized to look under a sound money
39:00
standard. The only way for a government to
39:03
raise revenue, the only way for a government to pay for anything
39:08
is via direct taxation under a Fiat money standard.
39:13
All governments have to do is just print more money.
39:17
Naimbu Kayle said it himself when he made his speech at C
39:20
PAC. He said it.
39:21
He's like, I don't need like, why are you getting taxed if the
39:25
government could just print the money and pay for everything
39:28
that way? It's a form of control.
39:32
It's a lie. It's a fugazi.
39:33
It's, it's, it's, it's, it's a perception.
39:36
It's for for you to have the perception that your vote
39:39
counts. But if a vote gets passed in the
39:43
House for the Epstein files to get released, and then what gets
39:48
released is hundreds of redacted pages, then what is the point if
39:55
there is a whole bureaucracy that is behind the government?
40:02
That is unelected and that remains in power regardless of
40:07
who gets elected and can't be fired.
40:11
Then how are they accountable? They're not accountable.
40:16
Oh, and by the way, they have a self funding mechanism.
40:18
They're not accountable either. So anyhow, Bitcoin fixes this,
40:23
but only if enough people take self custody, only if people
40:27
start critically thinking and only if people wake up and
40:32
realize what is actually going on.
40:34
You're not going to vote yourself out of this the the
40:37
traditional way. We tried that with Trump.
40:41
We tried that with Trump. I had high expectations, I had
40:44
high hopes. And I think he's done an amazing
40:47
job with the constraints that he that he has.
40:51
So I'm not really blaming Trump 100%.
40:53
I think he's done an amazing for our industry ending Operation
40:57
Choke Point 2.0. I hope he frees the Samurai
40:59
wallet developers. I think he's done a fantastic
41:02
job. But ladies and gentlemen, the
41:05
fundamental issue here is the administrative state and what
41:10
funds the administrative state, the Federal Reserve.
41:13
Why do you think, why do you think you can't afford anything?
41:17
The whole mass migration is another topic.
41:20
Like why do you think mass migration is happening?
41:23
Mass migration is happening at the at the levels.
41:26
It's happening because people aren't having enough babies in
41:30
Western countries. Why are people not having enough
41:34
babies in Western countries? Because they can't afford
41:37
anything. Why can't they afford anything?
41:41
The Federal Reserve, every time they print money, people who own
41:45
assets, which tend to be the older generations, their assets
41:50
go up in value. And everybody who is working and
41:54
earning for Fiat, the lower and middle classes, it tends to be
41:57
the younger people who haven't had the time to accumulate
42:00
wealth, their purchasing power gets the base and that causes
42:06
the wealth inequality. So if you're a younger person
42:09
before in the 1980s and the 1960s and the 1970s, you used to
42:15
be able to work off 1, you used to be able to live off 1 income
42:19
and used to have a be able to have a life with dignity off of
42:23
1 income. You can't have that anymore, it
42:27
is impossible. So you need both parents working
42:32
or you need to delay having children into a later age or you
42:37
come to the conclusion that saying listen having children is
42:42
unaffordable in the 1st place. So what governments do to paper
42:46
over that is mass migration. But the reason I'm bringing all
42:51
of this up is because all of this are symptoms.
42:53
And then not to mention the, the short time preference, not to
42:57
mention this kind of this gambling mentality that people
43:00
have because they feel, they feel, they feel hopeless.
43:05
They, they don't, they, they don't feel like they can get
43:07
ahead, right? All of these are symptoms of
43:12
broken money. All of these are symptoms of a
43:16
system that is unfair, that is a system that is, that requires
43:23
coercion for it to function. It's a system that does not
43:28
represent your best interests. It's a system that represents
43:33
the best interests of the government.
43:37
And as long as the government has that self funding mechanism,
43:43
you're never going to have a government that truly represents
43:46
the people. And that is fundamentally the
43:48
problem. And the founding fathers
43:51
completely understood this in the United States.
43:53
They they were not fans of of, of central banks.
43:56
And this is the world we live in today.
43:59
And this is what Bitcoin is all about.
44:01
S 2025 was this year that Bitcoin got financialized and
44:06
that people got very excited about the Bitcoin treasury.
44:08
Companies and the ETFs and all of this stuff.
44:12
Well, remember, you can't lose your eye.
44:15
You can't lose your eye on the ball.
44:17
And what what is the end goal here?
44:19
What is the mission? The mission is to separate money
44:22
from state. That is the mission.
44:24
It's it will fix everything else.
44:26
Everything else is a symptom of broken money.
44:29
And before you tell me you're like Nico, that makes no sense.
44:33
That is utter bullshit. How can everything be related to
44:36
money? Listen guys, money is half of
44:40
every transaction. It is the base layer of society.
44:43
And if the base layer of society is fundamentally corrupt and
44:47
broken, you don't think that's going to have severe symptoms?
44:52
Why do you think the first country that made Bitcoin legal
44:56
tender has the most popular president in the Americas?
44:59
Why do you think the first country that made Bitcoin legal
45:02
tender actually figured out the security issue you don't have?
45:10
El Salvador right now has lower crime rates than major U.S.
45:14
cities. A country that has a $32 billion
45:18
GDP. Why do you think El Salvador?
45:21
Was able to figure it out. Because they fixed the base
45:24
layer. If you fix the base layer,
45:27
everything else comes with it. And as Bitcoiners, that's what
45:30
we have to fight for. And when I say fight, it doesn't
45:33
mean kinetically. It doesn't mean, you know, at
45:36
the ballot box. The ballot box is important, but
45:38
what it truly means is buying Bitcoin, earning Bitcoin, mining
45:42
Bitcoin, and putting that Bitcoin into self custody if
45:46
another If enough of us do it, we win.
45:48
And there's absolutely nothing they could do about it.
45:52
All right, everybody. We're going to get to the news.
45:53
We have tons to cover. Smash the like button.
45:55
If you guys are enjoying the show, we're going to be right
45:57
back in just a bit. I want to give a shout out to
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48:54
today's news segment Nick Carter wrote an article regarding the
49:01
quantum computing threat to Bitcoin and he's been making the
49:05
case that this is this is something that bitcoiners have
49:08
been sleeping on that it is a huge problem and.
49:14
I made a a bit of a summary. So there's been a lot of noise
49:17
lately about quantum computing and Bitcoin.
49:22
So the core issue is simple. Bitcoin security relies on
49:26
elective curve cryptography, which is theoretically breakable
49:30
by sufficiently powerful quantum computer using shore algorithms.
49:34
Satoshi. Knew this and assumed Bitcoin
49:36
could be upgraded if needed. Which is true, today's quantum
49:39
machines aren't there yet, but progress is accelerating 2025.
49:44
Alone saw major breakthroughs in error correction, record funding
49:49
and increasingly concrete timelines.
49:51
Governments are already planning to abandon quantum vulnerable
49:55
cryptography by the early mid twenty 30s.
49:58
If cryptographically relevant quantum computer appears Bitcoin
50:02
has real exposure. Roughly 6 to 7 million BTC sit
50:07
in address types where public keys are exposed.
50:10
In theory Bitcoin could mitigate to post quantum quantum
50:14
signatures, but that would be the most invasive upgrade in
50:19
bitcoins history and would take many years to debate, implement
50:23
and deploy. The hardest problem is abandoned
50:25
coins around 1.7 million BTC including Satoshi's sit in old
50:31
address formats that cannot be upgraded.
50:34
A quantum attacker could seize them instantly, becoming the
50:38
largest holder. Freezing or confiscating those
50:40
coins would break a poor Bitcoin norm and risk gain splits and
50:45
loss of trust. The main point is about timing.
50:49
Even if quantum is a decade away, Bitcoin would would need
50:53
to start prepping now. A surprise or early queue day or
50:57
quantum day. Wood forest rush decisions,
51:00
emergency forks and panic potentially doing more damage
51:04
than the quantum break itself. Most of the world is already
51:07
preparing. Governments, banks and cloud
51:09
providers can mandate post quantum upgrades.
51:12
Decentralized block chains can't move that fast.
51:16
Bitcoin is uniquely slow. The uncomfortable conclusion of
51:20
the article of Nick Carter's article is that quantum risk has
51:23
moved from theoretical to practical and Bitcoin is not
51:27
preparing at the pace required. Now before you freak out or get
51:31
scared, is exactly what Adam Back said exactly not to do.
51:40
And of course I I put a lot of weight and confidence into Adam
51:43
back because at the end of the day, he is a computer scientist
51:46
and at the end of the day he was mentioned in the Bitcoin white
51:49
paper, right? So anyways, he did reply to.
51:53
A lot of. Nick Carter's post.
51:55
Here's the first one. So he posted the article someone
52:00
someone replied and says getting scared and not seeing any major
52:03
Bitcoin develops in replies or quotes.
52:06
Nick Carter said, as I said in the in the article culture of
52:09
silence on the unwillingness to recognize existence of
52:12
existential threats. Not to mention they don't like
52:14
to take cues from quote non-technical outsiders such as
52:18
myself. Very insular culture.
52:20
Adam Back replies with Bitcoin development doesn't really have
52:23
a marketing department. It's not a culture of silence.
52:26
If you go look at Optech pseudo quantum talk videos, various
52:31
papers, bips, etcetera. It's just not antagonistic and
52:35
mostly not on Twitter. Don't use marketing tactics to
52:39
amplify. I think Adam has a really good
52:42
point here. He says be prepared, not scared
52:46
on the Bitcoin quantum topic. And then Adam Back reposted this
52:51
and said traveler documenter Satoshi sat of she agrees with
52:58
Adam Back. Quantum computing is a bubble
53:01
that won't crack bitcoins curve or algorithm anytime soon.
53:08
Estimating 30 to 50 years if Moore's law applies, why it
53:13
matters. This pushes back against quantum
53:16
fears in crypto. Adam Back reposted that and then
53:20
here are some most some most recent posts by Adam Back.
53:23
Nick Carter says bitcoiners are in denial about quantum risk.
53:26
So they are accusing me of a conflict of interest.
53:31
Again, Nick Carter is a well known VC.
53:34
Of course, you know, he's he's known for investing in certain
53:37
companies. So if if one of the companies
53:39
that he's investing in is a company that's trying to tackle
53:43
this quantum problem, right, you can see where there's a conflict
53:46
of interest. So that's what people are saying
53:47
online. Adam Back responds with
53:49
Bitcoiners and developers are not in denial about defensively
53:52
doing the R&D to prepare for future quantum computers, but
53:57
they're just quietly doing research while you're making,
54:00
while you make uninformed noise and try to move the market or
54:04
something. You're not helping.
54:08
Nick Carter replies with Adam. You know that many devs are in
54:12
total denial about quantum risk. Go ahead and ask them.
54:15
I can name a few if you want. The urgency of research progress
54:18
isn't sufficient is my point. Obviously some work is being
54:21
done, but not enough. You know that Bips need a ton of
54:24
traction before they have any hope of getting included.
54:27
I'm helping by funding P11 which has contributed original
54:32
cryptography research on PQ sigs optimized for block chains if
54:36
you care to take a look. Adam Back responds with others
54:40
are working on it and not everyone could work on it as its
54:43
cryptography and your algorithms.
54:45
As you know block stream research has been driving and
54:49
collaborating on Bitcoin related crypto like Schnorr, Mug sig and
54:53
Taproot for years. So it is now with PQ and others.
54:57
Nick Carter says Taproot only increase bitcoins quantum
55:00
exposure as you know, and now we have to fork to fix it.
55:04
Maybe you should have been a little more foresighted about
55:07
quantum risk. A little uninformed if you ask
55:10
me. Adam back replies with no, I
55:13
don't think you understand. Taproot design has quantum
55:16
secure tweak scheme from the onset and adding PQ secure
55:21
signature if statement under if statement under taproot is the
55:25
simple and efficient way to get quantum readiness.
55:28
I was. I was referring also to recent
55:31
work on PPQ signatures. Anyways.
55:35
So they're going back and forth. I want to I want to know what
55:40
you guys think. Do you think that this quantum
55:42
thing is overblown? Do you think that it's a real
55:45
risk to Bitcoin? I'll let you know what I think
55:48
my personal opinions on this topic, but I want to know what
55:53
you guys think. Do you guys think that this
55:55
quantum thing is going to break Bitcoin within five years?
55:59
Within 10 years, I think eventually quantum computing
56:05
could potentially be a risk to Bitcoin.
56:07
I just don't think it's something that's going to happen
56:10
in the next 10 years. I really don't.
56:14
I think that's something that we should be prepared for as a
56:19
community. I think it's something that a
56:21
lot of smart people are trying to figure out.
56:23
I like the fact that there is a debate, you know, between Nick
56:26
Carter and Adam Back that obviously brings that that
56:30
raises awareness to it. Lop had some thoughts on it as
56:34
well. I think the messy part also too,
56:36
it's something to take into consideration, guys, is that
56:39
that fork is going to be very messy, right?
56:43
Bitcoins really never had a hard fork before, right?
56:46
Every hard fork ends up becoming like a Bitcoin Cash or a BSV,
56:50
but Bitcoin has never had a hard fork.
56:54
And to have a quantum resistant protocol or algorithm, you're
57:00
going to need a hard. Fork of some sorts, right
57:02
you're. Going to need a, a very, very,
57:04
you know, a, a, a very big decision is going to have to be
57:09
made. And you know, Bitcoins
57:11
decentralization comes with some pros, but some of the cons that
57:16
come with it is that it's very, very difficult.
57:19
To, you know, upgrade cohesively as a whole, people have to do
57:23
it. Willingly people have to
57:24
volunteer, people have to do have to go along with that.
57:27
Like I mean look at what happened with with with core 30
57:32
and with knots like look at all the you know all the fighting
57:36
that happened with that. So I think that we do have to
57:40
prepare heading into the future. I think that there is a little
57:44
bit of FUD. I don't think quantum is going
57:46
to be a a, a, a big issue in the next half a decade or decade.
57:51
But I think in the future by the twenty 40s or 20 fifties, it
57:55
could be a problem. And I think that is something
57:58
that of course we have to get ahead of.
58:00
But I think that this like short term FUD, we've been hearing
58:04
this FUD. If you guys have been in Bitcoin
58:06
for a while, we've been hearing this FUD for a very, very long
58:11
time now, right? Like every year you says the
58:13
quantum FUD keeps popping back up, right?
58:16
So I want to let you I I want to know what you guys think in the
58:18
chat. Please let us know.
58:19
Do you think that this is? Do you think that this is
58:21
overblown? Do you think that this is you
58:25
know, do you think Nick Carter is blowing it out of proportion?
58:28
Do you think Adam back is to is being too chill?
58:32
So let me pull up some of the some of the chats.
58:35
So home slice says little quantum computing is a bigger
58:38
risk to things more important than Bitcoin software developers
58:41
will get ahead of this because quantum effects all forms of
58:44
cybersecurity. It's a really good point right
58:47
and I've I've said this many times.
58:48
So quantum computing would break.
58:50
So your banking any type of any type of of interaction that you
58:57
have on the Internet that requires some type of
59:00
cryptography, quantum computing would break that right.
59:05
So again. It it's something that the
59:07
whole. World would have to, you know,
59:09
have to have to get ahead of someone says Brandon says you
59:15
don't need a hard fork, just a new signature type transactions
59:18
have version numbers just for this reason.
59:21
OK, that's fine. But what about old, old versions
59:24
of Bitcoin? What about the Satoshi's unspent
59:27
Bitcoin? Would that be quantum resistant?
59:30
Would quantum computers be able to access Satoshi's coins?
59:34
I mean like that would that would be terrible, right?
59:39
So hard huddle said SegWit 2017 anyone AF3327 says it's FUD so
59:48
governments could buy the buy the dip.
59:50
Kefi boy says overblown. Yes, but shouldn't have.
59:54
But shouldn't we have a couple bibs floating around to argue
59:57
about? Yes, I I agree with that.
59:59
That's that's such a really good point.
1:00:03
Home site. I already I already pulled that
1:00:05
up. Let's see here daddy.
1:00:09
OSC says it. Wouldn't it be cheaper to?
1:00:14
To extinguish quantum computing. Quantum computing is coming,
1:00:19
Bendingo says of quantum computer hacks Bitcoin, it will
1:00:22
hack the digital banking sooner 100 percent, 100%.
1:00:28
Someone says, are you pushing FUD?
1:00:29
No, I'm not pushing FUD. I'm just showing you guys the,
1:00:32
the, the, the drama that was happening on Bitcoin Twitter
1:00:36
this week and Nick Carter and Adam back were going ham back,
1:00:39
back-to-back. Anyways, ladies and gentlemen,
1:00:41
let's get to the culture. We still have tons to cover.
1:00:43
We're going to be right back in just a SEC.
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today to get started. All right, everybody during the
1:03:35
culture segment today kind of want to talk a little bit about
1:03:38
my personal experience. This is the first time in five
1:03:43
years I've hosted the show by myself.
1:03:46
I've always hosted it with a Co host, always with Opti, always
1:03:50
with previous Co hosts on the show, with my wife, with Luke,
1:03:54
with Chris. But I've never done a show by
1:03:57
myself before. It's always been kind of, you
1:04:00
know, with with people. So this was a unique experience
1:04:04
for me today. I'd love your guys's feedback,
1:04:06
how I did, what I could do better, what you guys enjoyed,
1:04:10
what you guys didn't enjoy, And I'm going to be doing it a lot
1:04:14
more this week too. So let me know what you guys
1:04:17
think in the comments. But it was an interesting
1:04:19
experience, like not having the back and forth and just holding
1:04:23
the showdown and just holding the commentary the entire time.
1:04:28
I really enjoyed it. I really enjoyed it kind of
1:04:30
brings me back to the early days of when I started simply and
1:04:35
just, you know, the early days of content creation.
1:04:38
So I want to that's the culture segment today.
1:04:42
Nico's first time solo hosting simply Bitcoin.
1:04:46
So please let me know in the comments.
1:04:48
I'd love to hear your thoughts on on all this stuff.
1:04:51
But yeah, it's been it's been quite a wild ride.
1:04:56
Opti's out of town this week. He's with with the home with the
1:05:00
family. So I got we got the first chat.
1:05:05
Rambo says nice job solo Nico, but next time say Vance Lummis
1:05:09
2028 hard huddle, says Domo Arigato, Nico Roboto.
1:05:16
All right, I'll take it. I don't know what that means,
1:05:18
but I'll take it. I'll take it.
1:05:20
The Vance Lummis. I mean, could you imagine that
1:05:22
ticket? That ticket would be awesome
1:05:24
dude, that ticket would be awesome.
1:05:26
That ticket would be a fantastic for Bitcoin.
1:05:29
Let's talk about Vance for a second too.
1:05:33
So he's, he's probably going to be the Republican nominee
1:05:37
heading into 2028. He has a very, very pro Bitcoin
1:05:42
stance. I think he's going to continue
1:05:44
it. He's going to continue a lot of
1:05:46
the pro Bitcoin legislation that that Trump did.
1:05:54
So I, I think that executive order of the strategic Bitcoin
1:05:57
reserve is going to continue on into his presidency.
1:06:01
And I think it's very important. I, I told you guys today, right,
1:06:05
the most important thing you could do is taking Bitcoin into
1:06:07
self costing as an individual. But voting at the ballot box
1:06:12
still has a lot of influence, right?
1:06:15
This is how we got Ross free and this is potentially how we got
1:06:18
the samurai wallet developers free.
1:06:19
I mean you saw President Trump take a question at a press
1:06:23
conference regarding that matter.
1:06:24
Let's see if he follows through, But obviously having a pro
1:06:28
Bitcoin administration is much better than having an anti
1:06:31
Bitcoin administration like operation choke .2 point O was
1:06:35
horrible like that was not nice, so having Vance in the White
1:06:39
House would be great and a Vance Lummus ticket.
1:06:43
Oh my God, bro. I think we'd get a strategic
1:06:46
Bitcoin reserve at that point for sure for sure.
1:06:49
Let's check out some of these comments.
1:06:50
So you did a good job Nico, but you're just you're just too
1:06:54
bearish and negative for my liking.
1:06:57
You know what I'm telling you I'm telling you exactly I'm
1:07:00
speaking from the heart, right? Like if not, I would be I'd be
1:07:03
lying right and I don't want to lie to you guys right.
1:07:06
Like in the beginning of the year, I was extremely bullish,
1:07:09
was very optimistic, but I think right now I'm being realistic in
1:07:13
terms of where we are right. The four year cycle is still
1:07:17
intact. The meme of the of the three
1:07:21
green one red that has officially broken.
1:07:25
So the question on everybody's minds is, is 2026 going to be a
1:07:30
continuation of the bear market year or is 2026 going to break
1:07:35
with every single other Bitcoin cycle that has ever existed?
1:07:40
And we have this mind blowing, you know, this mind blowing year
1:07:45
in Bitcoin. Could that be possible?
1:07:48
Absolutely. But right now what I'm seeing an
1:07:51
observation, is the four year cycle still intact, right?
1:07:55
Bitcoin literally peaked where it always speaks on these
1:08:00
cycles. Now the question is, is it gonna
1:08:03
you know, are we gonna see are we gonna see something that that
1:08:08
that breaks from that right now, I, I will tell you something I
1:08:11
don't if we do head into a deeper bear market, I don't see
1:08:15
a 7080% correction. It's possible, but I just don't
1:08:19
see it because we never had a blow off top.
1:08:22
We never had a euphoria phase, right?
1:08:24
But what I really like from like a market standpoint point, from
1:08:27
a market perspective, is that nobody knows what is going to
1:08:31
happen with Bitcoin. Uncertainty is back.
1:08:35
And I love the uncertainty because that creates.
1:08:38
The. The perfect situation for you to
1:08:42
have these crazy parabolas like in the beginning of 2017, if I
1:08:47
told you that Bitcoin was going to 20X in a year, you would not
1:08:50
have believed me. If I told you that in 2026
1:08:54
Bitcoin was going to 5X in a year, you wouldn't believe me.
1:08:58
That's what I mean. The uncertainty and Bitcoin
1:09:01
success is back and I'm here for it and I love it.
1:09:05
It creates the perfect. It creates the perfect.
1:09:08
Situation. All right, let me read some more
1:09:11
of these comments. So Nicki Minaj is being
1:09:16
mentioned. The LSM liquidity cycles in
1:09:21
intact. What goes up what what goes down
1:09:25
down under blue says a pro Bitcoin administration doesn't
1:09:28
mean your Bitcoin is going to pump, but definitely better than
1:09:31
an anti Bitcoin administration Bitcoin cycle cycle with macro
1:09:38
Opti talks to you Nico talks at you yeah under 20K Bitcoin will
1:09:44
never happen again. I I completely agree with that.
1:09:48
Sam says always appreciate your point of view Nico, even if I
1:09:51
don't always agree and you're an excellent solo host.
1:09:54
Nico Jones is my personal faves. I watch slash listen to you guys
1:09:58
everyday at work keep it. I really appreciate it.
1:10:00
I was rompy in the chat set. I didn't see Rompy.
1:10:03
Anyways, guys, I think that's the perfect, perfect way to
1:10:07
close out the show. Guys, if you guys enjoy today's
1:10:10
show, you know what to do. Smash the like button, consider
1:10:13
subscribing. Really appreciate it.
1:10:16
I'm going to be holding it down this week while Opti's
1:10:18
vacationing. And tomorrow I think we're going
1:10:21
to have Sophie on. We're going to have Luke on
1:10:23
later on this week, potentially Chris, and then I'm going to be
1:10:26
doing another solo host as well. We don't stop.
1:10:30
We're like Bitcoin TikTok next block.
1:10:32
We're going to be streaming on Christmas as well.
1:10:34
It is the holiday season, but doesn't matter.
1:10:37
Simply Bitcoin doesn't stop. Anyways guys love you all.
1:10:40
We wouldn't be here without you. If you guys enjoyed the show,
1:10:43
smash the like button, share the video with your friends, and
1:10:46
we'll be back tomorrow for a brand new episode.
1:10:48
Of Simply Bitcoin Live, Today's episode was brought to you by
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