Latest / Simply Bitcoin / Everything just changed!! Is Bitcoin READY to EXPLODE?! | EP 1485

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Everything just changed!! Is Bitcoin READY to EXPLODE?! | EP 1485 · Simply Bitcoin

0:01
Bitcoin hit $78,000 this morning and all of a sudden the markets
0:07
feel like they just changed overnight.
0:09
The Clarity Act is close according to JP Morgan, the
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Strait of Hormuz is officially open again, Stocks just bounced
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to new all time highs. Oil has crashed over 30% in 10
0:20
days and Michael Saylor is officially back above his break
0:25
even price. The real question though, is
0:28
this the beginning of the new bull market or a historic fake
0:33
out? That's what we're all thinking
0:35
anyways. Let's get through a lot of this
0:38
source material. So obviously when you think
0:41
about what happens in the Bitcoin price, you're always
0:44
looking for like what are the catalysts?
0:46
What are the reasons for this price movement that we're seeing
0:49
right now? And we've been hearing a lot of
0:53
different takes. Some of them have been, hey, the
0:56
Clarity Act is once it passes, price is going to go up a lot.
1:00
Obviously, the macro geopolitical uncertainty and
1:05
then just general sentiment of people actually buying Bitcoin
1:08
and stepping back into the market, which really is a tail
1:12
end of the general macro uncertainty.
1:14
But anyways, let's get into this.
1:16
So yesterday or actually this came out on Wednesday, but it
1:20
was really circulating yesterday.
1:22
JP Morgan says the Clarity Act is nearing the finish line.
1:25
As talks advance, lawmakers have reportedly reduced their
1:28
disagreements to just a few issues.
1:31
The long standing effort to create a formal set of rules for
1:35
the American cryptocurrency market is entering the final
1:38
stages, according to a new report from JP Morgan Chase.
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Which I did, you know, Fact Check.
1:43
I, I did try to go find it for you guys.
1:45
The much anticipated Clarity Act is nearing a significant
1:48
breakthrough as lawmakers and regulators resolve their primary
1:51
disagreement. So after this talk here, there's
1:55
been really from our perspective, wow, my voice cry
1:59
from our perspective, there's been one key issue that's been
2:03
stopping the Clarity Act and that is of course, the stable
2:06
coin yield. Well, it seems like that is
2:07
resolved from what we're hearing from the speculation, maybe the
2:12
insider leaks, it seems like the banks have finally come to the
2:16
table and they've agreed with Coinbase over the stablecoin
2:19
yield And the other points, which didn't really get as much,
2:23
I don't know, fanfare. There's about like 10-11 other
2:27
points that were really being discussed.
2:30
Well, it seems like, excuse me, guys, it seems like we've gotten
2:33
from about 12 disputed points now to the final two to three.
2:38
And we did hear yesterday that now the essential, you know,
2:44
deadline here is still not going to be the end of April, but it
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seems like we might get something by the end of April
2:51
and then they're hoping that by the summer.
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So maybe this is one of the catalysts.
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Maybe investors are starting to feel like, OK, this is this is
2:59
going to happen. The Clarity Act's going to pass.
3:01
Now I can actually start to in bulk in in size get into
3:06
Bitcoin. Maybe that's one of the
3:08
catalysts, but I think probably the bigger catalyst is that the
3:14
Strait of Hormuz is officially back open.
3:19
And I'll show you guys the Trump tweets in regards to this so
3:23
that we can kind of speculate over what exactly is going on.
3:28
But here we go. Here is Donald Trump tweeting
3:31
this morning at 9:57. And it goes. the US will get all
3:37
nuclear dust quotes created by our great B2 bombers.
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No money will exchange hands in any way, shape or form.
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The deal is in no way subject to Lebanon either, but the US will
3:49
separately work with Lebanon and deal with the Hezbollah
3:51
situation in an appropriate manner.
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Israel will not be bombing Lebanon any longer.
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They are prohibited from doing so by the US.
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Enough is enough. And then later on, it was the
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Strait of Hormuz. Here we go.
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Now that the Hormuz Strait situation is over, I received a
4:08
call from NATO asking if we would need some help in all
4:11
caps. I told them to stay away unless
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they just want to load up their ships with oil.
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They were useless when needed. A paper tiger.
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President Donald J Trump again. Further, Iran has agreed to
4:22
never close the Strait of Hormuz again.
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It will no longer be used as a weapon against the world.
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President Donald J Trump, Now, I think this is probably the
4:32
biggest catalyst for what's going on.
4:34
As we know, when there is general market uncertainty,
4:38
geopolitical attention, people retreat and they go into what
4:43
they're most comfortable with, which is obviously cash.
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And I've showed you guys the data points.
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I've showed you guys the extreme amount of capital that is in
4:52
cash and now maybe we're starting to see that that
4:56
capital is starting to go back into the markets.
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And just to kind of show you what is actually going on with
5:03
that, we should definitely go look at what's going on with
5:07
stocks. So here is the S&P 500 and look
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at this tear, guys. This is literally a ridiculous
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chart here. Oh, wait, I didn't pull it up.
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Look at this tear right here on S&P 500 the last couple of days.
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Huge gap up and now all time highs.
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So we've all been watching what's going on in stocks and
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equities because obviously, as Trump has said in the past, he
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is totally looking at the stock market as an indicator of how
5:35
he's doing as a president. Well, it seems like equities.
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It seems like stocks are responding very favorably to
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this idea that the Strait of Hormuz is back open.
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Maybe we did avert geopolitical global calamity because now it
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seems like, hey, I know you guys don't like to say it and I know
5:55
I'm not a plan truster, but maybe this was Trump's plan all
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along. I don't know, guys.
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It seems to be working out. And yes, I, I can hear Down
6:04
Under Blues yelling at me in the chat.
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It's like you guys have been flip flopping on this.
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Hey, well, you know, we're, we're just watching the markets
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and the markets have been literally whipsawing here.
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And then here we go. We got the NASDAQ QQQ similar
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all time highs. It's ripping pretty much in the
6:20
same fashion. And then I will find you guys at
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Dow Jones and we are almost back at that infamous $50,000 price
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point. Everything is ripping right now.
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Everything is going up in terms of stocks and equities.
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So I think the geopolitical uncertainty of the Strait of
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Hormuz closing, it's probably the biggest catalyst for what
6:44
we're seeing this morning. And here I will show you the
6:47
Bitcoin price because I know actually we'll, we'll do the one
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minute chart just 'cause I know you guys like it.
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You guys can see there, it's doing all right.
6:55
Here is kind of the what is this 7675K breakthrough?
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It's looking very, it's looking very strong, it's looking very
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healthy. Now the big question in terms of
7:06
Bitcoin is, is this the is this the breakout or are we seeing
7:11
the final bull trap? The the final kind of, hey, you
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know, as Nico was probably going to say the dead cat bounce here.
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But on that, no, you know, here is the liquidations from this
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morning. You can see in the last 24 hours
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we've seen about 360 million dollars in shorts liquidated.
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You can see the liquidation map here another chart kind of
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interesting price points above 78.
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If we breakthrough 78 then we're probably going higher.
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And I, I saw a lot of people saying saying that 80K by the
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end of the day, but we'll we'll see who knows who knows All I'm
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saying is price moves up. We all start feeling a little
7:55
better now. On that note, going over to the
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strategy dashboard, remember the big concern about Michael Saylor
8:02
being liquidated because the price dropped under 75 K?
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Well, as you can tell, as you can probably guess, he's back in
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the green, guys. So his $60 billion in Bitcoin
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reserve is now finally back positive.
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He's at a 4% gain or 4.37% gain. So the biggest bull right now
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and constantly still buying. Actually, I didn't even check
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the stretch numbers this morning.
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Maybe I'll pull that up when Nico goes.
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And then another kind of indicator of where we are the
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negative funding rates hit yearly high is Bitcoin test 76.
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So Bitcoin's recent rally towards 76,000 faces dilemma,
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leaving investors split on its near term outlook Funding rate
8:45
for Bitcoin if he paid by derivatives trader.
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Wow, dude. I'm like going through puberty
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to that derivatives trader to maintain the alignment between
8:53
spot and futures. Prices have remained negative
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for over a month and hit the highest level this year,
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according to Coin Coin Glaze Wow Coin glassed out of negative
9:02
funding rates indicate investors are shorting the recent rally
9:04
with the expectation of a reversal.
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The divergent between bearish derivatives positioning and
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bullish spot catalyst sets up a potential short squeeze or a
9:13
bull trap depending on which side breaks first.
9:16
Funding rates this negative tell you the market is heavily short.
9:21
It really correlates to we might, we might have, we might
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have seen the bottom guys. We we might have passed the
9:26
bottom. It's basically the TLDR of this.
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I don't want to jinx it. Everyone like we can't say that
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guys, you know, we, we, we can't actually say that because now
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the algo traders are going to short everyone because we're all
9:38
feeling good. But hey, we, we might, we might
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be out of the woods, Nico, we might be out of the woods and
9:44
and now and now here, here's the bearish take.
9:47
Probably no, he was actually bullies this morning.
9:49
It's not. The bearish take.
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I'm just pull this up, Sailor posting this morning an AI image
9:57
of him on his yacht Bitcoin and chill, you know, once again, a
10:02
vindication for sailor. But what I will say is like,
10:05
look, guys, we had five months, five months of negative price
10:11
action. I mean like that is basically
10:14
unheard of in Bitcoin. Terms, right?
10:17
You don't have 5 months of negative price action, so
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inevitably there was going to be some type of bounce.
10:24
And I just want to kind of walk you guys through the vibes,
10:28
right? What were the vibes last week
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and the week before? The vibes were not good.
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It was like, you know, typical of what you would see like near
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a bottom right, like you would, you, would, you would sense the
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apathy, the excitement was just taken out of the room and all of
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a sudden, right with Trump, kind of, I don't know if he's doing
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this on purpose because I, I, I was on record.
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You guys heard me saying this. I was like, look like the Strait
10:57
of Hormuz situation, like that's very difficult.
11:00
I don't know how he's going to get that straight open.
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But it seems like again, he's, he's leveraging Lebanon, right?
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Because that's something that's very important for, for Iran
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and, and Hezbollah in the, in, in that specific region.
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And you know, he did it right. He opened the Strait of Hormuz.
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I think the market, including myself did not believe he was
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going to be able to do that. He did that.
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And of course for energy markets, as you saw oil, you
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know, dropped 30% and the markets are reacting to the news
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straight opening now. Of course, you know the the the
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S&P, right? The S&P of the NASDAQ.
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Both both the ribbon. They did.
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They hit all time highs. S&P 500 and NASDAQ hit all time
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highs. Dow Jones is almost at all time
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highs. That's kind of like a big deal.
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Now, I think on the question on everybody's mind is right, and
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this is what you know, the like the famous are very popular.
11:59
Let me say, let me rephrase that.
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Very popular kind of TA experts in the Bitcoin community.
12:04
They're basically like Bob Lucas and Benjamin Cohen from into the
12:08
crypto verse. They're basically making the the
12:10
case that, listen, this is this is normal in bear markets.
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You tend to have these types of bounces before Bitcoin hits new
12:17
lows. Now, I don't want to take the
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excitement out of the room. I, I still think it's really,
12:23
really good that we're seeing Bitcoin tear up, you know, back
12:27
to, you know, the 7880K region. I think it will tap 80K.
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The question though on everybody's minds is, is this
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the end? Did, did we really just bottom
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out? Did we really just bottom out
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was 60K58K? You know, that region was that,
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you know, was that the cycle bottom?
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If that is the case, again, as I've been saying for many months
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now, we truly are in uncharted territory, no pun intended.
12:54
Because again, this would break the having cycle theory
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completely because Bitcoin would have bottomed out a lot earlier
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than what it would typically bottom out.
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Typically it bottoms out about a year after the peak, which would
13:09
mean that the bottom would be around October of this year.
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So could this be, you know, a, a, a, a dead cat bounce, a, a
13:18
bull trap, so to speak? It could potentially be that,
13:21
but I will say is like cherish this day.
13:24
You know, remember it reminds you that Bitcoin does go up,
13:28
right? That there is a number go up and
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also pat yourself on the back because we did go through.
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Well, well, it's a little early to pat ourselves.
13:36
On that we we no, but it's good to celebrate.
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Live in the moment, man. We did go through five months of
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literally Bitcoin continue to go down month after month after
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month after month after month. That is now broken.
13:51
Now again, to bring a little bit of reality back into the room
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again, ladies and gentlemen, this is typical in Bitcoin bear
14:01
markets. We do have these types of
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bounces, right? This is normal.
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But if the SNP and if the NASDAQ continue to tear, I don't see a
14:11
world where Bitcoin continues to go down because it's so
14:16
integrated into the traditional market.
14:18
So, you know, this time actually could be different.
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And another thing that I'll mention too is a lot of these
14:25
analysts not to, not to mention any names they were wrong on the
14:32
kind of euphoric top that was potentially going to happen in
14:35
October and it never, never came about.
14:38
So we had this top on apathy, right.
14:41
So if we had a top on apathy, that has never happened in
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Bitcoin's history. This has never happened.
14:47
It's completely unprecedented. You can make a very solid
14:52
argument that the bottom is going to look a little bit
14:55
different because if you didn't have that euphoric blow off top
14:59
right, what are you really going to see that fifty, that 70%
15:04
correction to the downside, right?
15:07
And again, we're just observers here.
15:09
We're on the journey with you guys, but this could be
15:13
uncharted territory. We are we are already in
15:16
uncharted territory. Now, the thing that excites me
15:18
the most and Opti talk to talk talked a little bit about this
15:21
earlier is the fact that now you have these massive banks, right?
15:27
You have brokerages like Charles Schwab, you have JP Morgan, you
15:31
have Morgan Stanley, you have Citibank.
15:33
And while all of this bear price action was happening, they were
15:37
making crazy announcements right about them.
15:41
Oh, oh, now I can mention this and Goldman Sachs, right, one of
15:45
the most conservative wealth management banks in the world,
15:47
right? And they have, they have a lot
15:49
of money under management. While this bear market was
15:53
happening, they were building, they were releasing Bitcoin
15:57
focus products, right? And Morgan Stanley is actually
16:01
going to be, and we had the CEO of Bitcoin magazine on, I think
16:05
it was on Wednesday or Thursday, something like that, Brandon
16:08
Green and he, I remember we were going through the speaker list
16:12
and he was like, Nico, you forgot to mention Amy.
16:15
And Amy is the head of digital assets of Morgan Stanley and
16:18
she's going to be making an appearance at the Bitcoin
16:20
Bitcoin conference. So not only do you have the head
16:23
of the SEC, the head of the CFTC, which again were some of
16:27
the biggest enemies of Bitcoin during the previous cycles, you
16:31
now have the head of digital assets from one of the United
16:34
States biggest banks making an appearance at the Bitcoin
16:38
conference. Do you think she's doing this
16:40
out of goodness of the heart? Do you think Morgan Stanley's
16:43
doing it out of the goodness of the heart?
16:44
No, absolutely not. They're attracted to number go
16:46
up technology. They see the writing on the
16:48
wall. This is the most successful ETF
16:53
launch in Morgan Stanley's history.
16:56
It's very similar to BlackRock, right?
16:59
So again, everyone's getting kind of pulled into number go up
17:02
technology and This is why this time could be different.
17:07
But I say that with an asterisk because every single time we say
17:11
that this time ends up not being different, right?
17:15
So it could be that again, we're having, you know, a a, a pump
17:19
before the sell in May and then go away.
17:22
It could it could be that could be the situation or Bitcoin
17:26
could actually finally break this halving cycle theory.
17:31
And if it breaks that halving cycle theory at at this point,
17:34
every other theory has been broken, right?
17:37
All the top indicators that were supposed to hit last cycle were
17:42
never hit. They were all broken, right?
17:45
I think you could make the case that the power law, but again,
17:48
they they, they kind of move the, the go post with the power
17:51
law a little bit. Yeah, I'm not the biggest fan of
17:52
the power. Law.
17:53
So like there's really no indicator for Bitcoin's price
17:58
action if it breaks. I'm going to be convinced if we
18:03
go above $100,000. If we go.
18:06
Above $100,000 in the next month, I'm going to be like, OK,
18:11
I think that there's a, there's a good possibility that, you
18:15
know, that 60K was the bottom. And I think that we could end
18:19
the year, you know, in, in new highs, which again, would be
18:23
completely, completely uncharted territory.
18:28
This has never happened before. But if you pay attention to the
18:32
fundamentals, if you pay attention to the parties that
18:35
are getting involved in Bitcoin, if you pay attention to the fact
18:38
that President Trump and his entire family have massive
18:43
holdings in this asset, they have companies associated to the
18:47
asset. I mean, dude, like, you know,
18:50
like it, it, it, it wouldn't be surprising either.
18:54
So that's the really big question that I wanted to I
18:57
want, I want you guys to take away from today's show is the
19:01
cycle theory debt is the four year cycle theory debt we should
19:05
release a pull Optie, why don't you do that well?
19:07
Well, before we do that, before I do that, I do have to
19:10
acknowledge what the chat is acknowledging that you have
19:13
finally Co opted my thesis here. So hey, it took a while guys,
19:17
but we finally got him around and but but I do.
19:21
I do want to mention though, even though we're all feeling
19:24
kind of bullish today, we're feeling good.
19:26
Obviously we're all kind of looking back at our first
19:29
principles right now. We do have to remember that this
19:32
is very normal when we see kind of the end of a bear market if
19:37
that's where we are or it could be a bull trap, like we could
19:41
have a little frothy price action like Nico said and then
19:44
sell in May and then we pull back a little bit.
19:47
That would still, I think be very normal and very healthy in
19:51
the, in the market and, and we've seen that happen before.
19:53
So before we just get too excited celebrating that, oh,
19:57
we're finally back. You know, we're going to go to
19:59
100K by end of day. I, I think it is very important
20:04
for us to kind of chill out and, and you know, Zen out a little
20:08
bit because. The, it's a very big question
20:11
right now of is this the breakout?
20:14
Are we finally breaking out? We did break out of that
20:17
downtrend from around October, which is very strong movement.
20:21
It's, it's very positive, but it's not going to just start
20:26
ripping right now. So, you know, I, I think
20:29
everyone's very cautious. Me and Nico, we're talking with
20:31
Luke this morning. He's he's bullish.
20:34
He's also a little cautious. He's all thinking like, at what
20:37
number am I, am I going to get very bullish?
20:41
I think he said somewhere around like 86 K and me and Nico are
20:44
just like, yeah, you know, that's probably not the best
20:48
place to be buying if you're trying to get back in the
20:50
markets and and get in bulk here.
20:53
If you're trying to get back in the market in size, it's
20:56
probably not the best idea to go all in right now.
21:01
Probably the best idea is to DCA like everyone's been saying and
21:05
we always continue to reiterate, like I, I wouldn't go all in
21:09
right now because it they, it's still very uncertain.
21:11
It could go lower. This could be a bull trap or
21:14
dead cat bounce, however you want to, however you want to
21:16
frame it, but it is starting to feel a little frothy.
21:20
It it is starting to feel a little bullish in in here.
21:23
Like if you're watching the prices a Bitcoin in a vacuum,
21:27
then you know, you're looking at that and you're like, OK, this
21:29
is interesting. But in the context of all of the
21:32
markets right now, I think that's probably the biggest
21:35
signal. If you're looking at all the
21:36
markets and everything's going up, then you'd kind of expect
21:40
that Bitcoin would also very healthily move as well.
21:44
So I wouldn't I wouldn't just, you know, get super bullish and
21:48
put like the HELOC on your house and you know, all of those
21:51
things that people start saying in a bull run, but it is very,
21:56
very good price movement. The the markets feel good.
22:00
Overall. It seems like the geopolitical
22:03
mess is finally behind us, at least for now.
22:07
So it it's feeling pretty good, but just don't get too excited,
22:11
you know, don't get a what's the saying?
22:12
Don't get a over your skis here, but now might be a good time to,
22:17
if you have been sitting on cash to get into the market and start
22:20
to DCA and and start to, you know, get get your position back
22:24
'cause it, this could be, it is basically what we're saying, you
22:27
know, TA for the day. It might go up, it might go
22:29
down, I don't know. Absolutely.
22:31
And by the way, guys, we started the show a little bit early
22:33
today because we have a special guest who's joining us.
22:37
We have Aiden, who's the CEO of Hive Digital Technologies.
22:41
They have a very exciting announcement and I'm really
22:46
looking forward to that conversation and it's going to
22:49
be fantastic. So he's going to be joining us
22:51
in a little bit. High Digital announces private
22:55
offering of 75 million of exchangeable senior notes due in
23:01
2031. And actually they raise it up
23:05
now. It's not 75 now, it's up.
23:07
Now it's 100 million. So really excited to talk about
23:11
that. Idan's going to be joining us in
23:12
about 15 minutes or so. So going back to the
23:16
conversation, Opti, you know, this is crazy.
23:20
I mean, is Trump playing 4D chess?
23:24
I dude, I don't like to say it because like, I don't.
23:27
Like to be a plan truster but man I want to pull up like do be
23:30
looking. Like that, I want to pull up
23:31
Mateo, the CEO of Orange Palap. I want to pull up his meme
23:36
because I think it's super fitting for this specifically.
23:40
Mateo posted this and I think it's, you know, it's hilarious.
23:46
I'm not ready to give up on this, man.
23:48
And of course, it's Trump's famous picture from the
23:51
assassination attempt before he got up and said famously fight,
23:55
fight, fight, fight. And I got to say like, I, I was,
24:00
you know, I'm going to label myself Optia.
24:03
I'm going to do it. I'm going to do it for the
24:05
views. I'm going to do it for the
24:06
audience. I'm going to do it.
24:07
I'm going to do it. I was a little bit of a
24:09
panicking bro. I was a little bit of a
24:12
panicking. I'm the first one to say it,
24:14
man, because I was just like, dude, like this is such a
24:16
terrible situation. I don't know how he's going to
24:19
get himself out of this. Israel's not going to want to
24:22
end the war, you know, because they have larger plans in in the
24:27
region, which of course you can't blame them.
24:31
And of course the United States was involved.
24:33
But it seems like the United States is seeing this and
24:36
they're saying like, look like this is horrible for energy
24:39
markets. This is this is horrible for
24:42
energy markets. This is horrible for markets in
24:44
general. And it kind of force the
24:46
president's hands to make a deal with Iran like that, that, you
24:52
know, and, and I did not believe he was going to be able to do
24:55
that. I went on record last week and I
24:57
said, I don't think he's going to be able to do that.
24:59
Like, I don't know what leverage he has, but it seems like he was
25:03
able to pull it off, right? And Trump has had this record
25:07
man of overcoming these crazy obstacles that he hasn't that
25:11
he's that he hasn't, you know, had to live through during his
25:16
political career. And, you know, it seems like he
25:20
overcame it. And it seems like the markets
25:22
are responding in kind. Now.
25:24
The question that I have for you guys, which is what we saw
25:27
during Trump's first year in office is we saw something very
25:32
similar regarding every single time the price would pump.
25:37
He would like fat finger on Truth Social to talk about all
25:40
these tariffs. The price would drop like 50%,
25:44
including the markets, right? And now we find ourselves in a
25:48
very similar situation. So like, did Trump just bomb
25:52
Iran to destroy Iran's mining infrastructure, dump the price
25:57
of everything and just buy the dip?
26:00
Like, like, I know that's a crazy stretch to say.
26:03
Well, well, it is what Tom Luongo has been saying.
26:07
Did Tom Luongo? Yeah, well, Tom Luongo has basic
26:10
been saying and he got a lot of Flack for this as as I've been
26:14
telling you guys, there's kind of two different theses playing
26:18
out right now. It depends on what side of the
26:20
aisle you are or rather who who you're listening to that are
26:23
kind of bit corners that have been analyzing the geopolitical
26:26
situation. It is like Simon Dixon on one
26:29
side and Tom Luongo on the other side.
26:32
And they're fundamentals, like their first principles are
26:36
pretty similar. It's just their conclusions that
26:39
are different. And Tom Luongo has been
26:42
reiterating the point that he's like, yo, this has all been
26:44
planned. He has been getting a lot of
26:46
Flack because he is kind of been a, a, what do you call it, a
26:50
planned truster. But from my perspective, at
26:54
least in this current moment, I have been signing a lot more
26:57
with Tom Luongo's thesis. I do like Simon Dixon.
27:00
We're actually going to do, Nico did an interview with Simon
27:02
Dixon this week. So that's gonna pop out this
27:05
weekend. But Simon Dixon has or sorry,
27:08
Tom Luongo has been saying he's like, yo, this is all planned.
27:12
This is all to, you know, get basically.
27:15
Control away from the City of London.
27:17
Exactly. And now what?
27:19
What? You know, the chat freaked out
27:20
on me the other day when I was mentioning, I think it was
27:23
Monday when I was mentioning that the most interesting thing
27:27
that happened over the weekend was that we saw all of the oil
27:31
tankers leaving the Strait of Hormuz and going into the Gulf
27:34
of America or Gulf of Mexico, whatever you want to call it.
27:36
And to me, that was the most interesting thing that led to me
27:40
kind of leaning more towards Tom Wongo, that this did seem like
27:44
the master plan. And I saw this interesting
27:46
Instagram Reel and I, I was thinking about playing it for
27:50
you guys on the show. I don't know if you saw it, but
27:52
the headline of it was like, what if Trump's plan was to
27:55
quote, lose the war in Iran because he wanted the skirmish?
28:01
And now as we've seen a result of that is the US is now
28:05
basically the biggest oil exporter.
28:08
The Petro dollar system is still in place and probably stronger
28:11
than ever. But not only that.
28:13
It's it's very interesting, like you know the.
28:16
The NASDAQ is reaching all time highs, right?
28:20
Like the NASDAQ is reaching. All time highs SP500 NASDAQ, Dow
28:24
Almost we could. Have never have imagined that
28:27
you know, a week ago it was like inconceivable like it like it
28:32
the game theory didn't make sense.
28:34
It seemed like Iran had all the cards right like they had this
28:39
warfare asymmetry where it cost them so little to produce these
28:43
drones that again could threaten the the the crossing of ships
28:47
through the Strait of Hormuz and it just seemed like there was no
28:51
card there to play. But all of a sudden, the
28:54
straight is open now. Markets are at all time highs,
28:58
right? And again, you know, Iran's
29:00
leadership has been taken out, right?
29:03
So, you know, from, like, did the United States lose the war
29:09
in that regard? It's like they definitely damage
29:12
Iran's infrastructure. Well, maybe it's a lost the
29:14
battle but won the war. Iran, Iran's hash rate dropped
29:18
by like, I don't know. 77%. Hash rate dropped by 77%.
29:23
The stock market's making all time highs.
29:25
I'm sure oil gas prices are going to start going down.
29:29
So again, Nico's been watching too much Glenn Beck.
29:32
Dude, I'm I'm just observing here.
29:36
I'm just wait wait wait. I let before you go.
29:38
I I do have to agree with the chat bro.
29:42
You think you still you think this wasn't planned.
29:44
Well, no, no, I I have to agree with the chat and with you that
29:48
you you were, I didn't. Even know what the chat.
29:50
Is saying, you said basically that you were a little bit of a
29:52
panican and the chat was losing it on you when you were going,
29:57
when you were doing your politics stuff?
29:59
Because they're like Nico's been watching way too much mainstream
30:03
media coverage. I don't watch mainstream media
30:06
but the panic and meme makes it to it makes it on X.
30:10
Like you hear the panic and memes right?
30:12
Like that's, that's the whole, you know, like that's the whole
30:14
defense by the, the, you know, by the White House.
30:17
It's like don't be a panicking, don't be a panicking.
30:20
At this point. It's like, you know, the Strait
30:22
of Hormuz is open. It seems like the war is
30:25
essentially done Iranian. Leadership.
30:28
It's a ceasefire. It's another 10 day ceasefire,
30:30
at least for now. Yeah, but we we've seen Trump
30:33
play this card before. He does it with the tariffs.
30:36
It's like, oh, we're going to stop the 5050% tariffs for 10
30:39
days, right? So it seems like he's like, you
30:42
know, pulling these strings that we're just not aware of, like.
30:45
Even wait, the real test is gonna be tonight.
30:47
I'm sure there's gonna be a tweet and it's gonna be the
30:50
complete opposite about what? You know, like totally.
30:53
Oh wait, they didn't close it. We're going to go in again.
30:55
Who knows? That's gonna be the interesting
30:57
part is watching tonight and seeing if there's a complete 180
31:02
on. The ceasefire in the Strait of
31:05
Hormuz being opened. But right now, like right now,
31:08
it just seems like it seems like it seems like the trust the plan
31:13
people. Kind of, right?
31:15
Are are are getting a right? Wait before we go.
31:17
It's one of those things of I saw a good meme.
31:20
I mean bro like even the the the guy who can't be named very
31:24
popular rumble live streamer like he got it wrong.
31:30
He got it wrong but but I I saw this tweet.
31:35
No, but he did get it wrong. Yeah, well, it hasn't resolved
31:40
yet. We haven't.
31:41
I mean that we let's let's not be too quick to say this is over
31:46
yet, but it does seem like this at at least according to the
31:50
president, that the Strait of Hormuz is going to maintain
31:53
being open. And but it is interesting when
31:56
you think about it. But but it's hold on.
31:58
It's not just him saying that dude.
31:59
Well, one thing is him saying that, but like the ultimate
32:03
source of truth are markets. Yeah, it's not just him saying
32:07
that markets actually believe. Yeah.
32:10
And well, but that that that that actually I.
32:12
Agree. But the interesting part is, you
32:15
know, we did the war in Iran allegedly over, you know,
32:21
nuclear power. The Strait of Hormuz was open
32:25
before the war. And then we literally just got
32:28
back to what we had before the war to get the Strait of Hormuz
32:31
open. So I don't I.
32:33
Don't think so, because like think about the what they've
32:35
achieved, right? They they really hurt Iran's
32:38
infrastructure. They took out the leadership
32:40
right, which is one of part of the goal.
32:45
The stock market is making all time highs.
32:48
Oil dropped 30%. Iran's hash rate fell by 77%.
32:53
Like brother, like. Brother like my brother.
32:58
Like, dude, you know, like, like maybe the stated objectives were
33:03
never really the stated objectives.
33:06
I'm judging the tree by its fruit.
33:09
I'm judging the outcome, and the outcome actually looks very
33:13
favorable to the United States. Well it is funny that you went
33:17
full panic and now you're going full plan.
33:19
Truster, I'm not saying that I'm just observing things.
33:23
I'm seeing things, bro that like are obvious to me.
33:26
That's my opinion. That's just like my take on all
33:29
this, right? So I don't know, man.
33:32
But anyways, we're going to have Aidan Killick, CEO of Hive
33:38
Digital Technologies, joining us in about a couple minutes, so.
33:41
Let's just let's hit the transition.
33:43
We'll we'll cover the numbers. Let's do it.
33:45
Yeah, Yeah. Here we go.
33:45
We'll be back in just a SEC guys.
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se-ed.com store. All right everybody, we are
36:00
back. At the time of recording, the
36:02
Bitcoin price is $78,080. SAT's per dollar 1281 block
36:08
height 945,498 Realized monetary inflation .83% Market cap 1.56
36:17
trillion Bitcoin versus gold market cap 5.21% Percentage
36:22
issued 95.31% decline from all time high -38.1%.
36:28
So we're still quite a bit from the top, man.
36:33
If you're buying Bitcoin right now, you're getting a a 38%
36:36
discount. So that's a pretty, it's a
36:39
pretty, it's a pretty big discount if you're if you're
36:42
buying Bitcoin right now and you're thinking long term, of
36:44
course. But anyways, I do want to play
36:48
this clip. I found it quite interesting.
36:51
It was in reference to Charles Schwab.
36:55
So Charles Schwab CEO says the platform has already rolled out
36:59
Bitcoin trading in internally with employees actively trading.
37:03
Customer access is set to launch in the coming weeks.
37:07
Bitcoin is going mainstream. Let's check it out.
37:09
Again, all of this is happening during supposed bear market
37:14
action. Let's check it out.
37:16
Got it. Well, we rolled it out to
37:18
employees to test it and pilot and our employees are loving the
37:21
experience and actively trading on our on schwab.com today with
37:25
with crypto and we'll launch it out.
37:28
We'll launch it to clients in the coming weeks.
37:29
Couldn't be more excited about that.
37:31
In terms of the target client, I think it's existing clients at
37:35
Schwab that want to hold crypto. They're already active in crypto
37:38
through exchange traded products today and they want to hold spot
37:41
crypto. We also are excited about the
37:44
fact that many of our clients have built crypto positions
37:47
outside the firm and they've been asking to be able to hold
37:51
it at Schwab, at the institution they trust and the institution
37:54
where they keep the rest of their assets.
37:56
And so to have their financial life in one place is attractive
37:59
to them and we can't wait to make that happen when we open it
38:01
to them in the coming weeks. I also wanted to follow up on
38:04
the teen accounts that that you're doing.
38:06
I mean, clearly there's, there's demand that you're saying you
38:09
want to lock in younger, younger investors.
38:13
You know, yet last week Bank of New York Mellon and and Robin
38:16
Hood announced that they were participating in the Trump
38:18
accounts. And I wonder if you see this as,
38:20
as competitive now, this, this play to lock in kids early and,
38:26
and take that kind of share. Our, our mission is to make
38:30
clients better off in their financial life.
38:32
And one of the most powerful ways to do that is to get people
38:36
saving and investing early on in their life because they get to
38:39
see the power of compounding. We're huge, huge backers of the
38:45
Trump accounts. I think that was a great move.
38:47
There's so many people in our country who don't get it engaged
38:52
in saving and investing and to be able to offer them at birth
38:55
so they see the power of what compounding can do to your
38:57
wealth and to your life, I think is an incredible move.
39:01
The team accounts will extend upon that and, and, and we're
39:03
thrilled about that. We're thrilled to support the
39:05
Trump accounts as well. We're going to match the
39:08
Treasury's contribution to our employees.
39:11
We're excited about both programs and really want to do
39:13
everything we can to help the young investor in our country
39:16
thrive, to recognize the power of saving and investing and to
39:20
be able to differentiate that from some of the messages they
39:22
get on other platforms about gambling and and things along
39:25
those lines. So I mean, dude, that's pretty
39:31
crazy in regards to the like it is a massive I mean this is this
39:39
is full circle Opti for anyone that doesn't know the Opti lore
39:45
Opti originally when we first got into the market back in the
39:48
20/16/2017 era it. Was before I even knew about
39:52
really about Bitcoin. Opti tried to open an account
39:56
with Schwab and they they. Said get out of here, you're
40:01
broke. You can't open an.
40:03
Account they denied him and OPT which is a good thing.
40:07
It was a blessing in disguise 1. 100% I wouldn't have found
40:09
Bitcoin. Because then you got into
40:10
Bitcoin, right? But it's, it's a, it's a full
40:14
circle for you. Opti.
40:16
I want to get your thoughts. Yeah, because they're, dude,
40:19
they're going out there and they're saying, listen, we're
40:21
rolling out Bitcoin trading for our clients.
40:24
We're rolling this out. It's already live for our
40:26
employees. We're rolling this out for a
40:28
retail client. And for anyone who doesn't know,
40:31
Schwab is one of the largest brokerage platforms, you know,
40:35
in the United States, like they have, you know, a a ton.
40:39
They have a great reputation. That's a lot of high net worth
40:42
individuals use this platform. And the fact that again, you
40:45
have Morgan Stanley launching a Bitcoin ETF, you have Citibank
40:49
basically making the case that we're ready to Charles Schwab
40:52
Orange Polopti that that comment that's the top comment of
40:57
today's show. I mean, bro, that that
41:02
definitely means a lot like it it it definitely, you know, this
41:05
is full circle for you. How do you?
41:06
Feel I was right and you know, F Charles Schwab, but also thank
41:12
you so much that I was too broke to open an account because I
41:15
wouldn't have found Bitcoin. Now part of that story is if, if
41:19
you haven't heard the story, it's basically in 2016.
41:22
I asked my friend and there's actually 2 points here that are
41:24
popping to mind now when I think about this in 2016, I realized
41:30
like I was broke. I was, I was not only just
41:33
financially broke, but I was mentally in a bad place.
41:36
It was like my lowest point basically at 2016 and I asked
41:40
one of my friends who I knew his dad kind of taught him how to,
41:45
how to trade. And so I literally asked him and
41:47
there's actually funny parts of the story.
41:48
I, I asked him, yo, hey, can you teach me about trading?
41:52
And he was like, yeah, bro, like come over.
41:54
I'm like, cool, I'll buy, I'll buy you lunch.
41:57
And he basically went like this. He's like, look, all you got to
42:01
do is basically open a Charles Schwab account and watch my boy
42:06
Jim Cramer on hard money. And now I always laugh about
42:09
this because in Bitcoin we always look at Jim Cramer.
42:12
It's like inverse Kramer works every single time.
42:14
He he's literally selling exit liquidity as good buys.
42:18
And so I always laugh about that point.
42:20
But while I'm talking about this, it is interesting what
42:24
Nico's been saying, Like Charles Schwab is one of the biggest
42:27
trading houses. Like when you think of trading,
42:30
most people probably think or have a Charles Schwab account
42:32
and it's like, just go to Charles Schwab, they'll take
42:34
care of you. And essentially the short of the
42:37
story is I went to Charles Schwab.
42:39
I literally had to go to a physical location and I had
42:42
$250. And I'm like, I want to invest
42:45
this money. This was before Robin Hood.
42:49
And they basically said, oh, that's cute, you need $2500 to
42:52
even open an account. And I was like, oh, thanks,
42:54
dude. Just humble, you know, tail
42:55
between my legs. Walked out and was like, I'm too
42:57
poor to even open an account at Charles Schwab.
42:59
Like, there is no hope for me. I'm never going to escape the
43:03
matrix. I'm cooked.
43:04
It's over. Like, I just, I better just be
43:07
happy with being a peasant for the rest of my life because I
43:09
can't open an account. And then shortly after, while I
43:13
still was kind of percolating on this idea.
43:15
Is this Opti vindication? 100% no.
43:19
My other question is, do you think they're still going to
43:22
have $2500 limits to buy Bitcoin 'cause if that is the case,
43:27
there's better places to buy Bitcoin 'cause you can actually
43:30
buy $250 a Bitcoin? Yeah.
43:32
I mean, I don't know. That's a good question.
43:34
I mean, what is the minimum? I got to look that up in the
43:36
background. I don't think, I don't think
43:38
it's, it's probably not out yet, but another point actually.
43:41
Oh, by the way, we got the one and only Idan Killick joining
43:45
us. And here we go, ladies and
43:49
gentlemen, Aidan Killick, he is the CEO of Hive Digital
43:54
Technologies. He's going to be joining the
43:56
show in just one second. I'm going to pull Aidan up on
44:00
screen. Aidan, thank you so much for
44:03
joining us. Hey.
44:05
Good to be here, thanks for making the time.
44:09
Absolutely, absolutely. I love it.
44:13
I love it. I didn't.
44:14
We got thousands of people watching.
44:16
Welcome to the show. Massive, massive, massive
44:21
announcement for Hive. I'm going to pull it up.
44:23
I'm going to pull it up up on screen.
44:26
Big announcement. I didn't, I, I I'm going to pull
44:30
up the initial press release, but it seems like the number was
44:35
increased, so I'm gonna read it off screen.
44:37
Hive Digital announces private offering of 75 million of
44:42
exchangeable senior notes due in 2031.
44:46
That number is not 75,000,000 anymore, it's 100 million.
44:52
Let me hit the Aiden. This is a big deal.
44:58
Congratulations. First of all, could you walk us
45:01
through this? Yeah.
45:03
So Nico, we were incredibly happy with the outcome.
45:08
You know, I think it's a reflection of the support that
45:14
the investor base sees because when you, when you get 0 coupon,
45:21
this is a, this is a exchangeable note that there,
45:25
there's, there's no interest in, and really the upside is in the
45:28
conversion premium. Fundamentally, these are, you
45:33
know, a, a new type of security. So it also gives more liquidity
45:37
and exposure to a different class of investors that invest
45:40
in convertible bonds. So we're really, really pleased
45:43
with the outcome. There was, of course, I can't
45:46
speak to the exact figures yet, but clearly the fact that it was
45:51
upsized from 75,000,000 to $100 million shows that there was
45:55
incredibly strong demand. And really it's it's a catalyst
45:59
for us to accelerate all our initiatives that we have going
46:03
this year for the business. And we've presented, I was at
46:07
the Roth conference, I was at the Cantor conference, I've done
46:11
a virtual with Joe Vaffe at Canaccord.
46:14
So the update and story on Hive is, you know, we really, we
46:19
ended 2025 with 20 million ARR on the HPC business and the
46:25
targets to 10X that to 200 million by the end of 2026.
46:29
And so the same way that we scaled from 6 to 25 exit hash in
46:34
2025 is the same way that we're going to scale from 20 to 200
46:38
million in 2026 on the HPC business.
46:41
And you know, we're builders, right?
46:43
We, we, we will land bank, we build substations.
46:45
It's, it's heavy industrial high voltage.
46:48
I put out a photo on Twitter. I don't know if you guys could
46:52
put my handle up there. I, I think it's just I can kill
46:55
like a high digital tech, something like that.
46:59
And it was a photo of, of the civil work being done for the
47:03
100 MW expansion in Yowazoo. And you know, you're, you're
47:07
seeing them trench. They're pouring concrete pads.
47:09
Because when, when we talk 100 MW substation, what that really
47:13
is is it's 280 MVA Transformers. These things are massive.
47:19
They, they are transported on ocean freighter.
47:23
These are going to arrive in June and they'll be commissioned
47:25
over the summer. And and then you're doing site
47:27
clearing and you know, we've bought massive tracts of land by
47:32
the substation in Paraguay. So we have expanded to over 50
47:37
hectares. So that's really exciting.
47:40
And coming out of the NVIDIA GTC conference, what was remarkable
47:45
we've we've been going out for the last few years.
47:47
I think it's well known that we are an NVIDIA cloud partner.
47:51
We've been running cloud GPUGPUS on our cloud really since the
47:57
beginning of 2023, post ETH merge.
47:59
And for those that are new to the Hive story, we used to be
48:02
one of the world's largest Ethereum miners.
48:04
We had 130,000 GPUs at the peak. We represented 6% of the global
48:08
hash rate for Ethereum and that was a phenomenal business.
48:13
You know, in the best of times it was 95% profit margin.
48:17
I think the on a dollar per kWh basis.
48:19
You know, I'm an electrical engineer, so I'm always going to
48:20
bring it back to the physics and the fundamentals because Hive is
48:24
always orchestrated to compute whether it was a theory of
48:26
mining Bitcoin, mining GPU as a service.
48:30
The common denominator is what is your dollar per kWh and then
48:33
from that, what is your ROI? And you get your power bills in
48:38
dollar per kWh or dollar per MW hour.
48:40
So it's just so important to understand what is your cost
48:42
base and what is your top line and as those as either fluctuate
48:48
power contract or depending on the you know, variable nature of
48:52
your top line. Obviously Bitcoin mining, any
48:55
crypto mining is going to have a highly fluctuating top line
48:59
representing dollars per kWh. And so fundamentally
49:03
understanding that etherium mining was like $0.90 a kWh and
49:08
the bull markets and you know, maybe still 40 to $0.50 a kWh in
49:14
in bear market. So GPUs, even for Ethereum
49:18
mining, we're three to four times more CapEx intensive, but
49:21
the profit density was so much higher per per Watt.
49:25
And so that's why in 30 megawatts in Sweden, we had
49:27
130,000 GPUs, AMD and NVIDIA. And leading into the ETH merge,
49:33
we had announced in 2021 July that we bought 38,000 NVIDIA A
49:39
series cards. I'm just going to center some.
49:41
How's the lighting? Maybe that's better.
49:44
And I'm just in sunny San Antonio, just where where Frank
49:49
is of course going to be meeting him for dinner tonight.
49:52
So we're we're really excited about the deal.
49:53
We'll circle back on the deal shortly, but just to give a
49:56
refresher to everyone that's tuned in.
49:59
So we had 38,000 NVIDIA GPS, the A Series A 40s, a six thousands,
50:04
and they were mining ETH and so they were doing great.
50:11
Now, when the merge hit, we took 400 of those GPUs and we put
50:16
them in super micro servers and we transplanted them into Tier 3
50:19
data center and we hit $1,000,000 ARR for 400 GPUs.
50:25
And we're over a dollar per kWh. Now.
50:28
In some cases we're getting almost $2.00 a kWh, which blew
50:32
crypto mining out of the water when you look at that.
50:34
And of course, yeah, your base operating costs are higher, but
50:38
your gross operating margin is A, more stable and B, higher as
50:45
a result of of the very high profit density from GPU as a
50:48
service. And so of course, we scaled out,
50:50
we got 4000 GPUs going, grew that to 10 million ARR on the
50:55
GPU cloud business, which I think was remarkable.
51:00
And we then saw something really interesting.
51:04
We had 38,000 of these NVIDIA GPUs.
51:06
We had 4000 that we put on GPU as a service and we hit that 10
51:10
million. And so that the remainder of the
51:12
34,000 we're getting inbounds like reverse inquiries to have
51:18
these cards. They were getting offers at 90%
51:22
of their face value. Oh way.
51:24
Three years after the fact. Wow.
51:26
So there was no depreciation and, and just to explain it to
51:29
the audience, right, Initially you guys were using this to mine
51:34
Etherium and then you guys took that hardware and you used it to
51:39
essentially service the AI business, right?
51:42
So you, you guys took you guys took pre-existing hardware to
51:46
service the AI business. And then because the AI, because
51:50
AI, the these LLMS like there, there's just so much demands.
51:55
The depreciation of the hardware didn't happen as if it would it
51:59
normally would, right? You would have this crazy
52:01
depreciation. So despite you guys using these
52:04
cards for three years, taking them away from Etherium, using
52:08
them for the AI business, while of course simultaneously cause 5
52:12
is a dual engine mining Bitcoin, you guys were did, were you,
52:18
were you comfortable selling some of these, some of these GPU
52:22
chips? I mean, like I don't get 90% of
52:25
its original value after extracting value out of these
52:29
chips for three years. I mean, that's a hell of a
52:31
business move. Yeah.
52:33
Well, I'll tell you why. It's because we, we, we were, we
52:36
saw a strategic inflection point where we realized we could
52:41
crystallize an ROI. So those 34,000 GPU's had been
52:44
mining Etherium and then all coins for the interim period.
52:48
And we thought, OK, you know, let's, let's sell these net net
52:54
with the income that they had made from operating over those
52:58
three years plus plus getting 90% their face value.
53:02
I think they had ROI 40% on operations and then we're
53:05
selling them for 90%. So we're getting 130%, we're
53:09
clearing 30% profit on our original investment.
53:13
Then we took that capital and we bought H1 hundreds and then we
53:16
bought H2 hundreds. So we scaled up to get the newer
53:20
Hopper series and the H1 hundreds and H2 hundreds got our
53:24
revenue to 20 million ARR. And you know, we started working
53:28
with Dell and Supermicro and all these OEMs are great.
53:31
It's kind of like, you know, there's so much so much overlap
53:34
to the crypto mining game because you you you work with
53:37
bit main, you might work with Canon, whatever super micro and
53:40
so you the in in AI world yeah, it's all for the most part
53:45
NVIDIA GPU's, you know, AM DS coming out too, but really it's
53:48
a we run all NVIDIA currently we're NVIDIA cloud partner.
53:52
We're preferred partner in their AI network.
53:55
And but you don't buy the GPUs from NVIDIA.
53:58
You buy the GPUs from what's called an OEM.
54:00
Because if I just gave you GPU, you'd be like, great.
54:03
Like this doesn't do anything on someone.
54:04
It has to be in a server just like somebody for all you guys
54:07
that maybe played video games before laptops or gaming PCs
54:12
that had GPUs, you need the whole system.
54:14
You, you, you need a server. And that's really what the OEM
54:16
does. Dell is known as a, a computer
54:19
company, right? So they're making enterprise
54:21
grade servers. Now you're stacking AGP us in
54:24
there, you're going to be on the thermodynamics and making sure
54:26
you've got a good base band compute and all that stuff and
54:29
following video reference architecture.
54:32
I would say performance wise between Dell super micro HP, you
54:37
know, they're, they're constantly evolving and, and,
54:39
and trying to be better, faster and cheaper.
54:41
But the other distinguishing factor is availability and
54:44
timeline, because there's so much demand, you know, so if
54:46
you've got a client like I think right now we've got a couple of
54:49
billion dollars of, of demand of, you know, reverse inbound
54:54
enterprises, The I natives are like, hey, we'd love to get this
54:58
much compute now if you can. And of course, you know, we, we
55:01
work with the the best quality clients with the the strongest
55:06
backing and, and what we think are the best commercial terms
55:09
for our business and for our shareholders.
55:10
And we prioritize those and, and then we go to market to source
55:14
that compute and and bring it online.
55:15
And our partnership with Bell, which we'll talk about shortly.
55:18
So this is kind of how we arrive to where we are and touching on
55:22
that partnership with Bell, we which and Bell is the largest
55:25
telecom company in Canada. It's as if you partnered with
55:30
AT&T and AT&T said, OK, Nico, you're going to be our exclusive
55:33
partner. You're going to build a few
55:34
clusters. We're going to take our telecom
55:36
data centers, upgrade them for liquid cooled high power
55:39
density, so you can run AI clusters, but we're in the telco
55:43
data center business. You do the GPU sourcing, which
55:45
is very CapEx intensive. That's what we've done with
55:47
Dell, which is remarkable. And so it gives us a massive
55:51
demand funnel because they have all their enterprise clients
55:54
that they want to offer sovereign compute to.
55:57
And so it's a demand funnel for us and and Dell gets a, you
56:01
know, small single digit percentage for any customers.
56:05
They refer to us, obviously, which are going to be very blue
56:07
chip. And then on the other hand, for
56:10
customers that we bring that are not through Dell, but go in
56:13
these Dell data centers because effectively we're Co locating in
56:16
Bells data centers. Why 2 reasons QuickTime to
56:19
market because it's all again, again, time and place like
56:22
anyone can get GP us a year from now.
56:24
Like that's, you know, who can get capacity online today and
56:27
what do you need? You need it's like crypto mine.
56:30
You got to have your your data center complete.
56:32
You got to have your ASICS plugged in.
56:33
You can't if you have a bunch of ASICS on the floor or your data
56:36
center is almost complete, but it ain't.
56:39
You're not mining, you're not hashing, So you need all your
56:42
info and you need your compute ready and orchestrated and
56:44
deployed. So the Bell partnership gives us
56:48
a near term ramp to bring online that liquid cooled high power
56:54
density next generation data center capacity immediately.
56:57
And that was a big excitement. A few weeks ago we did that
57:00
press release with Bell that we expanded Forex the footprint.
57:03
So what that meant was we had a facility in Winnipeg, Canada,
57:06
kind of in the central Canada. It's like our Manitoba's like
57:09
are help me out here are Minnesota.
57:12
What what's kind of in the center of the US or maybe like
57:14
our Iowa, Manitoba's like our Iowa.
57:18
And so there's a data center there.
57:20
We stood up 500 NVIDIA Blackwell B2 hundreds.
57:24
And that was a deal through Bellin.
57:25
So that was a $30 million deal over 2 years, so 15,000,000 ARR
57:30
and that. And so we've already started
57:32
ramping. So we're at 20 million ARR
57:33
December 31, we're now at 35 million ARR and we're we're
57:37
laddering up. And this $100 million note deal
57:43
is, which closes next Tuesday, by the way, is going to, yeah,
57:50
it's, it's going to be amazing. It's just, it's just going to be
57:52
rocket fuel for us to to bring online more GPU clusters in the
57:56
Phase 2 Bell facility in British Columbia.
58:00
And so that's the big news. So now there's 12 1/2 megawatts
58:02
of capacity in the British Merritt BCS on the West Coast
58:06
where I'm based. So that's super exciting.
58:09
So we've got a big footprint of data center capacity ready.
58:13
Now was the, the new capacity in Merit was ready April 1.
58:17
And we've got, you know, 2 deals, 2 really exciting deals
58:21
with MO use in place for large GPU clusters that we're going to
58:25
be bringing to market. And so stay tuned for updates on
58:28
that as, as we announce the definitives.
58:30
And I think it's just going to be a really great quarter and
58:35
something, and the stocks performing really well.
58:37
We're up 15% today. Fantastic 58,000,000 shares, a
58:42
lot traded the last time I I checked.
58:44
So it's, it's good to be here, man.
58:45
And, and, you know, like, it's been a crazy busy week, you
58:50
know, dozens and dozens of meetings with institutional
58:53
investors. But, you know, I always got time
58:55
for simply Bitcoin. Well, thanks for joining us,
58:57
Ivan. It's always a pleasure to have
59:00
you on the show. And again, it's the, the series
59:03
of events blew my mind. So originally I got the PR
59:07
release and it was 75,000,000 and then the updated, the
59:12
updated news it, it went up to 100 million.
59:15
And I think the, the thing that's sticking out to me the
59:18
most, Ivan, is the fact that you guys don't have to pay any
59:21
interest on this. You guys don't have to pay
59:23
anything on this until 2031. Is that correct?
59:26
Correct. Yeah, it's a five year bond, so.
59:29
So that means again, please correct me and step in here.
59:33
I didn't if, if, if I'm wrong, but that tells me that the
59:36
market is extremely confident in you guys as a company to deploy
59:42
and extremely confident in you guys to make a return on it on,
59:46
on, on their investment, right? Am I wrong in saying that?
59:50
No, you're, you're absolutely right.
59:52
You're absolutely right. And that's why we were really
59:55
pleased with the outcome. And, and so I, I kind of want to
59:59
keep it super high level and just be mindful of, you know,
1:00:03
whatever was in the press release is the sort of the
1:00:05
extent of which I can opine on. But you, you interpret it
1:00:09
perfectly well. And I think that, you know, all
1:00:13
the feedback that we've gotten so far has been overwhelmingly
1:00:16
positive and. Yeah, so could.
1:00:21
You tell us, Aiden, a little bit about what you're gonna use the
1:00:24
100 million for 'cause that's a lot, that's a lot of money.
1:00:27
What? What are you guys going to use
1:00:29
that of course of? Course, So I I mean just to put
1:00:32
it into context, we're all about best ROI.
1:00:36
See same way we targeted when your ROI in Bitcoin mining after
1:00:40
cost when procuring A6, same way that we acquired the 300 MW site
1:00:45
in Paraguay, well 200 megawatts and and and built that out for I
1:00:49
think our blended average cost was 400 grand a MW in Paraguay.
1:00:53
We always think how is this, how is this going to make money for
1:00:56
the company and the shareholders in in the least dilutive way.
1:00:59
So fundamentally you need a low cost of capital which we now
1:01:02
have, I mean doesn't get much better than 0% coupon.
1:01:06
And in a way, just a quick note on that.
1:01:07
The way I think of it for myself at least, and this is just me,
1:01:11
me talking and I'm not an investment banker, I'm an
1:01:14
electronic engineer that's now ACEO and I work with investment
1:01:18
bankers all day and they're great.
1:01:19
But when you do an equity financing, usually you do at a
1:01:22
discount to your market price, right?
1:01:25
Really when you have a convertible note with 0 interest
1:01:30
and a conversion at a premium, it's, it's way better because
1:01:34
you're basically having the money to build the business.
1:01:38
It's way less dilutive, way less dilutive is what I'm getting at
1:01:41
because instead of if the shares convert, they're done at a
1:01:46
premium to your price, not a discount as if you didn't equity
1:01:49
financing. So I think it's, it's a much
1:01:51
lower cost of capital. And and then in terms of the
1:01:58
deployment to answer your question directly, as mentioned,
1:02:01
there's there's two large GPU cluster deals that it's in our
1:02:04
deck. So you know we've got we're
1:02:05
targeting bringing on 60 million ARR plus with one cluster and
1:02:10
another 60 million ARR. So again, the data center
1:02:13
capacity that's taken care of, it's our low CapEx strategy
1:02:16
because we really felt like under $5.
1:02:18
We're undervalued as a company. And so this partnership with
1:02:23
Bell, it allows us to scale low CapEx.
1:02:25
And then we've been meeting a lot of blue chip GP financiers.
1:02:29
GPS are emerging as an asset class Nikko, which is really
1:02:32
interesting. And what's so cool is that we're
1:02:34
seeing a lot of our friends shout out to Ethan at Luxor from
1:02:38
the crypto world that are now getting into sourcing infra for
1:02:44
HPC, you know, and, and I think that's really cool.
1:02:48
Shout out to Kevin, Kevin Zhang as well.
1:02:50
So all the all our friends because crypto mining is so
1:02:54
entrepreneurial and everyone learns so quick.
1:02:56
And So what we're seeing is really amazing blue chip lenders
1:03:03
that are willing to finance GPU purchases for single digit
1:03:07
interest, right high single digits.
1:03:09
And so for us, if we could get single digit interest lease to
1:03:16
own and you know, some of the earlier deals that were done in
1:03:18
this space on a no names basis, but you know, really expensive
1:03:22
debt with like press shares and and all warrants and all this
1:03:25
other, you know, SPV stuff, like we've not done any of that.
1:03:29
We just want least to own simple straight line.
1:03:33
What's your what's your cost, your GPUs, you know, you're
1:03:36
paying single digit interest and at the end of the term, you own
1:03:38
them. That's it.
1:03:39
Like no, no funky weird financing.
1:03:42
And so that deal with a, with a bit of a down payment is what
1:03:49
these the use of proceeds will be.
1:03:51
So it'll be a down payment for each cluster, right.
1:03:55
And that really gets each cluster funded and financed.
1:04:00
And, and then we move to definitive and, and we bring
1:04:03
these deals online. So again, it's, it's just a
1:04:05
building block. So get the data center capacity
1:04:08
with Bell that's announced, funding is in place, finance
1:04:12
large GPU clusters. And by the way, another thing
1:04:14
I'm going to point out just for your kind of more like investor
1:04:17
savvy viewers is I spent a lot of time talking to people on
1:04:21
Wall Street. Wall Street doesn't want to
1:04:24
speculate on the residual value of GPU's in two or three or four
1:04:28
years, even though I started with that anecdote of us selling
1:04:32
our A 40s for 90% of their costs.
1:04:34
But that was that was, I would say that was luck because I
1:04:37
don't think it I don't think anyone knew that they those
1:04:42
hardware devices would be able to be repurposed for the
1:04:46
incoming AI demand. Correct.
1:04:49
However, however, it is a real data point.
1:04:52
We transacted on it. We made money.
1:04:54
It wasn't just like, you know, we saw something on some web
1:04:57
page and we're like oh look at that and took a screenshot and
1:05:00
told everybody, you know, we transacted on 34,000 GPU's, made
1:05:04
that money back and reinvested it.
1:05:05
And just a spot check. I had Mario on our team double
1:05:09
check and he went back to the market to get the prices on
1:05:13
those a 40s today and you go, those cards we bought for 4200
1:05:18
and there's offers like almost $3000 per.
1:05:22
That's like 70% and now they're five years old, right?
1:05:25
And here's another, here's another stat.
1:05:27
I just confirmed this on our morning call.
1:05:28
We huddle every day, seven actually.
1:05:30
It's nice being in Texas. Our morning huddle is at 9:00
1:05:32
AM, not 7:00 AM like when I'm back home in Vancouver.
1:05:36
Me and Darcy always start a day super early and go super late.
1:05:39
It's pretty common for us to knock out 12 to 15 hour days.
1:05:42
But you got to love the game, right?
1:05:43
It's just for the love of the game and the the marketplaces.
1:05:53
So we have still have our A Series cards on demand, but
1:05:55
going forward all our GPUs are long term contracts.
1:05:58
We still have our A Series cards on demand, they just up increase
1:06:02
the prices by 10% for all our cars on the marketplaces.
1:06:06
So H $204.00 an hour, H1 hundreds are getting like 3
1:06:11
bucks an hour, a 40 is getting $0.44 an hour.
1:06:13
So still really strong demand which is amazing.
1:06:17
And I mean 4 bucks an hour for an H200 on demand that's that's
1:06:20
that's healthy. But, but going forward for these
1:06:24
large cluster deals, you know, the street wants to see
1:06:27
three-year plus deals because if you are aligned 2 1/2 years,
1:06:30
it's really simple. This might be helpful for, for
1:06:33
the broader audience, if you can ROIAGPU on a fixed contract in 2
1:06:37
1/2 years. Well, if your contract's two
1:06:40
years, you're almost there. Now we're really confident.
1:06:42
We're sure those GPS are going to be worth at least half, maybe
1:06:45
6070% at the end of that term. And you can say, well, I've ROI
1:06:50
the GPU like 90%, they're going to be worth 60% when I paid for
1:06:53
them net, net, I'm still had 50% on my investment.
1:06:57
But like Wall Street doesn't want that kind of speculation.
1:07:00
They want to know that you've signed a contract that's 100%
1:07:04
paid off that you use. And then people might say, well,
1:07:06
hold on, why would why would a customer sign a contract just to
1:07:10
lease the compute for more than the cost of the GPS?
1:07:13
Well, because that's just the cost of GPS.
1:07:15
You still have to orchestrate them, install them, operate
1:07:17
them, and that's the whole thing.
1:07:18
And that's just a different business.
1:07:20
The compute is way more valuable to them.
1:07:22
They have asymmetric upside because of compute is so
1:07:26
valuable to them in a timely manner.
1:07:28
What I keep threading through our conversation today is time
1:07:31
to market. So everybody wants compute
1:07:33
today, not in 12 months. Of course, because they, they
1:07:36
don't want the, they don't want the GPU just unplugs without the
1:07:40
necessary infrastructure, because HBC does require a Tier
1:07:44
3 center. They don't want, they, they
1:07:46
don't want the, you know, they don't want the device on a
1:07:48
shelf. They want to have confidence in
1:07:51
a company's ability to not only deploy, but to have these
1:07:54
computers online. And then that's I think what
1:07:57
they assign value to. Yeah, exactly.
1:08:00
And so the street really likes to see three-year plus
1:08:04
contracts. I think Corgi is well known for
1:08:05
doing 5 year GPU contracts and then you're in a pretty lofty
1:08:09
territory. I mean people say Oh well it's
1:08:12
Cypher and Wolf are getting the best multiples because they're
1:08:14
doing Kolo and I get that narrative.
1:08:17
I understand core scientific wants to get a billion dollar
1:08:22
NOI just from multiple long term Co location leases just selling
1:08:26
powered shell and then you become like a digital Realty and
1:08:30
you get crazy multiples that we fully get that.
1:08:32
And guess what, we still have New Brunswick, we still have our
1:08:35
Toronto airport site. We still have little Bowden.
1:08:38
So these are all like little Bowden.
1:08:41
We, we did a, a trip a couple years ago, we flew at a bunch of
1:08:44
analysts to tour the site. It's a beautiful data center.
1:08:47
Like not all data centres are built equally.
1:08:49
It is a GPU data center and that one is is a great candidate.
1:08:55
Bone's a military town by the way, our Toronto airport data
1:08:58
center. Also, it's not a crypto mine.
1:08:59
It was actual an enterprise data center that we bought.
1:09:02
Amazing proximity, lot of reverse demand on that.
1:09:05
It's only 7 megawatts. But when you Co locate that's a
1:09:08
beautiful edge site. So right now military and and
1:09:12
certain industries, hot enterprises have high demand for
1:09:14
edge sites. Edge sites, meaning kind of in
1:09:17
cities, so really good proximity and they don't need to be big.
1:09:22
Those are strong demand. And of course, yeah, like people
1:09:24
say, oh, but if it's not a 300 MW site, then, well, there's
1:09:28
only 5 hyper scalers on the planet really that are buying
1:09:31
those. And sure, they have massive
1:09:32
demand, but there's huge demand for 30 MW and 80 MW data centers
1:09:36
and everything in between. So we've got some exciting
1:09:39
things in the pipeline, which we've talked about.
1:09:42
By the way, a lot of this is in our investor presentations.
1:09:44
You watch our earnings webcast, you'll see all these details and
1:09:48
we are going to be building up the HPC Colo revenue stream as
1:09:52
well. And, and I think that'll be
1:09:54
really excited. But the, the, the, you know,
1:09:56
excitement for today get these large GPU clusters online ramp
1:10:00
that HPC, sorry that GPU cloud ARR from 20, we're at 35 million
1:10:07
now to north of 150 million. I'll get that out.
1:10:10
And, and we still have GPS incoming for Winnipeg.
1:10:13
We hope to do 500 GPS 1/4. Again, this is all in our
1:10:16
projections in the investor deck.
1:10:18
So net, net with, with everything in the pipeline, the
1:10:23
target is 200 million ARR on the GPU cloud business.
1:10:27
And then we've got approximately another 100 million between the
1:10:30
New Brunswick site, Toronto and Little Boden, which would be
1:10:34
2027 to bring online that compute as we retrofit those
1:10:38
data centers. They're all functioning today.
1:10:40
Toronto, Boden and New Brunswick are functioning as Tier 1 crypto
1:10:44
mining operations today. And we'll go through and we'll
1:10:46
provide the street more updates on that, which is really
1:10:48
exciting too. So I think that I think I've
1:10:51
covered it. Oh, we didn't really talk about
1:10:52
one way, but that's that'll you'll have to.
1:10:55
One final announcement as well. You guys are now on the not, You
1:11:00
guys are now on the Toronto Exchange, not the not the TSX
1:11:05
Venture Exchange. You guys are on the Toronto
1:11:07
Exchange. Is that correct?
1:11:08
Yeah, man, everything's we're, we're in the major leagues now.
1:11:13
We're a NASDAQ, a NASDAQ 90% of our volume.
1:11:17
So effective April, first of all, actually US domestic filer.
1:11:21
So US domestic filer, we file US Gap, our principal executive
1:11:26
offices here in San Antonio. But as far as our Canadian
1:11:30
liquidity, we have now graduated to the big board as well, so.
1:11:33
Fantastic. Go bigger, go home, baby.
1:11:35
Yeah, fantastic. In Canada and Colombia too, and,
1:11:40
and, and, and of course, and, and, and the NASDAQ as well,
1:11:43
which I was there for the, for the closing bell ceremony, which
1:11:46
was fantastic. Idan Killick, everybody, one of
1:11:50
the smartest minds in the industry, president and CEO of
1:11:54
Hive Digital Technologies. Hive was literally the first
1:11:57
publicly traded Bitcoin miner. And again, it's a dual engine.
1:12:01
So not only are they a Bitcoin miner, they are an AI machine.
1:12:05
And, and Idan just laid out their future plans for the next
1:12:09
couple quarters. Idan, it's always a pleasure to
1:12:11
have you on the show. Thank you so much for joining us
1:12:14
and breaking it all down. I always enjoy our conversations
1:12:17
and I'm going to see you in Vegas in a week, which is going
1:12:20
to be fantastic. So we're going to be, we're
1:12:21
going to have two conversations back-to-back and of course we're
1:12:25
going to be releasing all of this on the Simply Bitcoin
1:12:28
channels. And we of course the hide and
1:12:30
the, the, the hive, the Hive merch is, is amazing.
1:12:33
I'm wearing, I'm wearing the Hive Hive vest on right now.
1:12:36
Guests are only for the executive.
1:12:37
You know, the fact that you got that you're part of the extended
1:12:40
family, man I. I love it, I love it, I wear it
1:12:43
every time you guys come on the show, but I didn't.
1:12:45
Thank you so much for joining us man Thank you.
1:12:48
Enjoy your Friday and enjoy the weekend and I'll see you in
1:12:51
Vegas. Yeah.
1:12:52
And I just want to give a special shout out to Frank
1:12:54
Holmes, our Executive Chairman, Co Founder, Darcy Debaris.
1:12:57
Darcy and I, we crank through dozens of investor meetings
1:13:00
together and you know, our team is is functioning.
1:13:03
We just keep evolving. You know, we have a really high
1:13:05
performance work culture at high.
1:13:07
We've attracted incredible talent and and I'm so excited
1:13:10
for what we have ahead. We're the longest standing
1:13:13
C-Suite and two Bitcoin having is a theory emerged.
1:13:16
We built our own ASIC miners just first to put the income on
1:13:19
GPU cloud on our income statement.
1:13:21
So it's going to be awesome. We'll see you in Vegas, Nico.
1:13:24
Thank you for taking the time and it's always a pleasure.
1:13:27
Honored to be here. Thank you my friend.
1:13:29
Thank you. I didn't appreciate it.
1:13:30
All right, guys, we're going to be right back after the break.
1:13:32
Go check out HIVE, digitaltechnologies.com and then
1:13:35
go check out their ticker on the NASDAQ Hive.
1:13:38
I didn't. Thank you so much.
1:13:39
Appreciate it. I want to give a shout out to
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Go to sat123.com/simply today and use promo code simply to get
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15% off anything on the store. All right everybody, it's the
1:17:08
Friday show. We've made it Opti.
1:17:12
I wish we we could play this without getting copyrighted, but
1:17:16
here would be an appropriate time to play.
1:17:18
We are the Champions for making it another week with a crazy,
1:17:23
crazy price action. Trump playing the 40 chess game.
1:17:28
Yeah man. How are you?
1:17:29
Are you OK? How you doing?
1:17:30
No, I'm dying not. Literally.
1:17:33
Not literally well, kind of dude guy I I was already telling you
1:17:37
my stomach's so cooked today. I I was eating snacks late last
1:17:40
night. I had the munchies not because
1:17:43
of any, you know, any plant usage.
1:17:46
I just had the late night munchies and I woke up this
1:17:49
morning and my stomach is is so cooked.
1:17:53
I don't feel that good. And then Sophie made me some
1:17:56
breakfast and it just made my stomach even worse.
1:17:59
So I'm struggling to just get over the finish line, to be
1:18:02
completely honest with everyone here.
1:18:05
But hey, Price Action's looking kind of good, so he feels a
1:18:10
little better, I guess. Are we back?
1:18:12
I don't know, man. I don't.
1:18:13
I don't know. Are we back?
1:18:16
Could be could be a bear trap. I'm trying not to get too
1:18:22
bullish, to be honest with you guys, 'cause I, I don't want to,
1:18:28
you know, come back on the show on Monday and be like, actually,
1:18:31
it's, it's not over. I.
1:18:33
Want to address this? I want to address this comment.
1:18:35
Nico wasn't here all week, but he wants a trophy.
1:18:37
This is very true. I, I want, I, I wish I had a
1:18:40
trophy with me. I would, I would give it to Opti
1:18:44
cause Opti did Opti did hold it down all week.
1:18:49
Guys. I I the the days that I don't
1:18:51
make it on the show Opti could you can you back me up?
1:18:53
Here, I'm not backing you up because I want to freaking end
1:18:57
end it all. No, you don't.
1:18:59
No, you don't. I don't want to do this anymore.
1:19:04
No, no, I'm I'm trolling. I did get a little black pilled
1:19:07
on Thursday. Niko.
1:19:08
Niko was trying to cheer me up before the show and I was
1:19:16
cooked. But yeah, Nico Nico's not on the
1:19:20
show 'cause he's doing stuff it. He doesn't get breaks.
1:19:23
But it doesn't mean I'm not going to give you shit for it.
1:19:29
Yeah, I mean, look guys, we just brought on a new creator.
1:19:34
Oh yeah, yeah. Go watch Hurley.
1:19:36
Let's go. Go watch his new video.
1:19:38
He dropped his new video yesterday and you guys have to
1:19:43
check it out. It's fantastic and we're so
1:19:47
hyped to have you know. An MVP of his caliber joined the
1:19:53
team. Dante, Hurley, Sophia and
1:19:57
Ocean's creating original content for you guys.
1:20:00
So this week was was the logistics of that, you know, and
1:20:07
just getting everything ready behind the scenes.
1:20:10
You know, it, it takes a lot guys, is it?
1:20:12
We're, we're, we're a 15 person team.
1:20:15
So I kind of have to wear 2 hats, which is, you know,
1:20:20
running the company and making sure things don't meltdown and
1:20:24
also being a host. So Opti is literally a
1:20:28
lifesaver. And yeah, but.
1:20:31
Well, I'm saving your life by destroying my own.
1:20:34
That's just part. That's just part of the problem.
1:20:35
Stop saying that my life's in. Shambles over here guys I'm I'm
1:20:40
doing my best no, I'm I'm actually good guys don't don't
1:20:45
worry I'm I'm I'm like actually good I'm just I'm just trolling
1:20:48
I'm. Just trolling.
1:20:51
It's just fun. It's fun.
1:20:53
You know the funniest part about Nico is I like constantly joke
1:20:58
all day every day. Like I the only time I probably
1:21:01
say something serious is on this show.
1:21:03
And even then I'm still joking half the time as you guys are
1:21:05
aware. And I just like rage bait and
1:21:08
troll Nico all day every day. And he doesn't get that I'm
1:21:13
making jokes the whole time that I'm like literally not serious
1:21:16
90% of the time. And he takes it very seriously
1:21:19
and he's concerned, but that's just the way it goes.
1:21:26
I also got a comment which is, is ocean out?
1:21:29
No, of course oceans is is a partner of simply.
1:21:32
We just haven't recorded the ad yet, but that will be out next
1:21:36
week. But yes, go check out Ocean No.
1:21:39
I think he means. I think he's spelling oceans.
1:21:44
Oh, oceans. The creator.
1:21:46
No Oceans is still with us, of course.
1:21:49
Yeah, I think that's what. It's O.
1:21:50
It's OSHINS. Yeah.
1:21:55
Oceans. Not I think that's what the
1:21:57
question is. I I think that's what it was,
1:22:00
but but yeah, man, what a week. What a week.
1:22:05
Wait down under Blues pop these 42 Iqs really taking advantage
1:22:09
of it's pretty. It's pretty crazy, man.
1:22:12
We had two C, We had two heavy hitter CEOs on on on this week's
1:22:16
show. We had Brandon Green, CEO of
1:22:19
Bitcoin Magazine and then we had president and CEO of Hive
1:22:24
Digital Technologies, Idan Killick on today's show.
1:22:28
So man, what a week heavy hitters you guys got to tune
1:22:34
into simply, you guys won't get this content anywhere else.
1:22:37
So yeah, but anyways, guys, thank you so much for putting up
1:22:41
with us tuning into our show. We wouldn't be here without any
1:22:44
of y'all. We appreciate you.
1:22:47
We love you all. Thank you.
1:22:49
Smash the like button. Consider subscribing.
1:22:52
I'm going to take out. I'm going to take Opti out on a
1:22:54
date tonight. Pause so I could do a steak.
1:22:58
Steak sounds nice. I'm going to take out.
1:23:01
Sushi. We should just go to Benny's
1:23:03
bro. No, I don't want Benny's bro.
1:23:05
Why not? Benny's is mid.
1:23:09
Benny's is pretty good. That's not dude.
1:23:12
I'm a classy broad. If you're going to Take Me Out
1:23:14
to dinner on a date, it's not Benihana's.
1:23:17
OK, So what steakhouse do you want to go to?
1:23:19
I don't know if I really want a stick.
1:23:20
I kind of, I'm kind of craving sushi.
1:23:22
Want to do sushi? We do catanas.
1:23:25
That be lit, yeah, but that's late.
1:23:28
Yeah, it's it is kind of late. Let's do the one right here.
1:23:31
So I'm hungry anyways. Let's let's or actually we, we
1:23:34
actually have time. I I thought we were, we started
1:23:37
early and I thought I had to hit the meeting right now, but we
1:23:42
got like 30 minutes. Should we do some one minute
1:23:45
charting? Should we do some one minute
1:23:47
chart? Boys, we'll do some one minute
1:23:50
charts. Just just just, you know.
1:23:52
Just end it with that. Just to give the people what
1:23:54
they want. It's not a meme meme Friday.
1:23:57
It's a. Why don't we do meme Friday bro?
1:24:00
'Cause I have to prepare a memes I gotta and also do the memes
1:24:03
have been pretty mid. Is it?
1:24:05
Is the era of memes over? Honestly like you guys want
1:24:09
memes then make better memes OK? Bro pizza Pizza Rustica is
1:24:15
absolutely terrible. That's where like all the
1:24:17
tourists go. Why would you?
1:24:19
Why would you even suggest Jake I?
1:24:21
Don't even know what that. Is you've lost the sauce.
1:24:23
But also, it's pizza. It's pizza.
1:24:26
There's no K in pizza. It's pizza.
1:24:29
I'm saying it right? There's no X, so how do you say
1:24:31
it? Pizza pizza.
1:24:34
You don't say this is SA. Pizza.
1:24:38
Oh, no, pizza again. Yeah, dude, there's no K or X in
1:24:45
it. It's just ZA.
1:24:46
You know, you hear people get the ZA.
1:24:48
Look at the comments. So Opti says Sophie's cooking
1:24:51
sucks. No, that's not what I said, that
1:24:53
she's actually an incredible chef, all right?
1:24:55
She's actually a very good chef, for the record.
1:24:59
Everything that she cooks I usually eat.
1:25:02
But this morning my stomach wasn't feeling good and I took a
1:25:05
couple of bites and I was like, wow.
1:25:07
So you're telling my wife's cooking no?
1:25:08
It wasn't how it wasn't that it was.
1:25:11
It was all of the syrup on the pancakes this morning.
1:25:14
You know where you make your stomach feel better, Benihanas?
1:25:17
No. All right, pull up the one
1:25:23
minute charts, bro. What?
1:25:24
No, it's just a troll. It's a troll.
1:25:26
It's why why don't you want to watch?
1:25:29
Why one? Minute.
1:25:31
Because it's just fun. It's just fun to look at.
1:25:33
Let's pull it up. All right.
1:25:35
What are we looking at? The one minute chart, it's
1:25:37
bullish. So this isn't like a day or
1:25:41
whatever this. Is this is?
1:25:42
Like a one minute price action. Yeah, this is like. 12 hours or
1:25:49
something like that. OK.
1:25:51
All right. But it's just fun.
1:25:52
What's your TA? Saying.
1:25:54
My TA say is saying that the one minute chart is crashing and you
1:25:58
should short it with your whole stack.
1:26:01
No, don't do that. Don't do that.
1:26:04
Don't do that. Don't do that.
1:26:05
That's not financial advice. That is, that was a joke.
1:26:08
I'm sorry. Bad joke.
1:26:09
Bad. Joke that's just Opti trolling,
1:26:11
but I do want to give a shout out.
1:26:13
Foxy gets it. We're due, you know.
1:26:15
What we're doing, we're going to give away some Sats.
1:26:17
If you guys have made it to the end of the show, I'm going to
1:26:21
give away some Sats right now or I also want to give a shout out
1:26:25
to our sponsor as well. But hold on, let me give away
1:26:29
some Sats first. Get your Lightning wallets
1:26:31
ready. Yes, get your Lightning wallets
1:26:34
ready. Why is this not?
1:26:37
Or maybe not. Maybe we're getting rug pulled.
1:26:39
No. No, no, I'm waiting for the
1:26:41
e-mail. Oh, hey, there it is.
1:26:44
OK, so get your Lightning wallets ready.
1:26:47
We're going to be giving away from some Sats from our friends
1:26:50
over at OH, it didn't work. Why didn't it work?
1:26:56
Let's try that one more time. No, OK,
1:27:14
we're going to try to give away some sats.
1:27:17
We're in the process of giving away some sats, but it's taking
1:27:21
longer than usual. There it is.
1:27:24
Let's try that one more time. Let's see if it works.
1:27:28
Oh, it worked. Fantastic.
1:27:32
OK, all right, now it's time to give away some sats because you
1:27:36
guys have stuck around. We appreciate it.
1:27:39
So every time you buy Bitcoin on Bitcoin Well, you earn Bitcoin
1:27:44
well points. And you could use those points
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towards a bunch of different prizes.
1:27:49
If you if you earn 69,000,000 points, you can literally Adam
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1:28:02
you can get a stamp seed plate. If you get 30,000 points, you
1:28:06
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1:28:09
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If you get 43,000 points, you get a leather mint wallet.
1:28:15
However, you can also use those points towards the Bitcoin
1:28:19
wishing well contest. So we're going to play that for
1:28:22
you guys live right now. Here are the odds by the way, so
1:28:25
19 and 20. You went up to 2099 sats, one in
1:28:30
20 wins, up to between 2100 to 21,000 sats, one in 600 wins,
1:28:36
21,000 to 210,000 sats, one in 4000 wins up to 500,000 sats,
1:28:43
and one in 10,000 wins up to 1,000,000 sats.
1:28:48
That's right. You can, it's like $1000 I
1:28:50
think, right? A little bit less than that.
1:28:53
So we're going to be playing the Bitcoin wishing well contest
1:28:55
live for you guys on air. Get your Lightning wallets
1:28:58
ready. We're going to toss a coin into
1:29:00
the wishing well. It's being tossed into the
1:29:02
wishing well right now. And first person to scan the QR
1:29:06
code. You might.
1:29:08
You might need to zoom. In a little bit.
1:29:11
Has won 210 sats. So if you scan the QR code right
1:29:15
now you have won 210 sats. You got to get your Lightning
1:29:19
wallet out, scan the QR code and you get some sats.
1:29:26
And you got to do it before Opti does it because.
1:29:29
No, I I wasn't. I wasn't going to do that well
1:29:33
if it's a million sets, I do have a 32nd head start on.
1:29:39
That I also want to give a shout out to our sponsor, to our
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It'll be great. Hope to see you guys in person.
1:30:17
I'm going to be bringing some merch with me.
1:30:19
So you're not going to want to miss Bitcoin 2026, the largest
1:30:23
Bitcoin conference in the world, April 27th through the 29th in
1:30:28
Las Vegas, NV at the Venetian Hotel.
1:30:32
You want to do that cool kind of fadeaway thing?
1:30:37
I forgot how to do it. Oh yeah.
1:30:39
Here. All right, all right, I'm ready.
1:30:41
I'm ready now. Now do it and, and All right
1:30:43
guys, thank. You so much for tuning in.
1:30:44
If you guys like the show, smash the like button, consider
1:30:46
subscribing and we'll see you guys on the next one.
1:30:53
Today's episode was brought to you by bitcoinwell.com, a
1:30:56
Bitcoin only platform on a mission to enable financial
1:30:59
independence.