Latest / Simply Bitcoin / Bitcoin is EXPLODING Through NEW All Time Highs! | EP 1249

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Bitcoin is EXPLODING Through NEW All Time Highs! | EP 1249 · Simply Bitcoin

• 0:00
  Dow Bitcoin is literally pumping through 109,000 right now as
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  we're going live it's making an all time all time high, but why?
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  That's the real question anyways, we got a special show
• 0:12
  lined up for you guys today. We reached out to a man who's
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  had a decade of experience trading in Bitcoin.
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  You guys know the man tone vase himself to talk about Bitcoin
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  breaking all time highs. We're going to unpack it, we're
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  going to talk about it and we're going to talk.
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  We're going to see where it's going next.
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  Anyways, no more. Let me bring up tone on stage.
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  Tone bays in the house and of course, my legendary Co host
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  who's always optimistic optimist fields Tone.
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  Welcome to the show. Bitcoin is breaking all time
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  highs, man. What's your take on this because
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  we had like a pretty rough start and Bitcoin has been deviating
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  compared to previous bull markets.
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  Yeah, Bitcoin has definitely been underperforming previous
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  bull markets, so this is great. I mean, all it has to do now is
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  go to 200,000 right before the end of the year and it kind of
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  catches up and becomes in line a little bit with the prior bull
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  market. So this is absolutely awesome.
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  And yeah, the charts are very, very bullish.
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  I can pull those up if I need to, but we did a show this
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  morning on the Financial Summit YouTube channel and I'm getting
• 1:21
  ready to go to Vegas to I may or may not stop by the big Vegas
• 1:26
  conference. I know you will be there
• 1:27
  covering and speaking. I don't actually have a ticket.
• 1:31
  I may or may not have a ticket. I'm not even sure.
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  But I'm there for Unconfiscatable which will be a
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  poker tournament on Friday, May 30th and it's a free event.
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  So the poker is already sold out.
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  But as far as hanging out with us, it's an all day free event
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  now so people can join, which is going to be awesome to celebrate
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  Bitcoin hitting these new all time highs and everything is
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  going for it in its favor right now.
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  Trump has stopped the insanity of the stupid tariffs, and that
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  was what was crashing the market, the tariffs on China.
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  He went away from that stupidity and the stock market has
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  recovered. The stock market is near all
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  time high, and whenever the stock market goes up, Bitcoin
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  goes up. I've talked about this
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  correlation many, many times, and it's very good for the stock
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  market, for Bitcoin when the stock market rises.
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  So we are in this environment again, where the stock market is
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  bullish, Bitcoin is bullish. American states are looking to
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  create strategic reserves for Bitcoin, and that's a great
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  positive development. Hopefully, Trump is still going
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  to lower taxes and especially capital gains taxes, and that's
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  going to be a nice boost for Bitcoin as well.
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  Sure, there'll be some selling, but there will be more buying
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  than selling. The ETFs have been picking up
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  Bitcoin mostly. One ETF has been picking up
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  Bitcoin, that is the BlackRock ETF.
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  It is completely dominating the market.
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  And I think out of all prior breaks of all time high, I think
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  this one is the the one that's happening with like the least
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  news, the least fanfare. It's kind of flowing under the
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  radar, and that's also a very, very bullish for Bitcoin.
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  So tone, you've been in the markets for a long been in
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  Bitcoin for a long time. And then I, I want to go back to
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  the one of the first things that you said that I think has
• 3:33
  underwhelmed a lot of people, right, which is Bitcoin has
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  underperformed this cycle. Now my question to you is,
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  wasn't that expected as Bitcoins market cap continue to grow?
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  Do you think that the introduction of the ETFs and a
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  lot of these, it seems like this cycles all coins or this cycles
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  IC OS happen to be these Bitcoin treasury companies that are
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  popping up left and right. Do you think that's taking a lot
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  of, you know, bitcoins potential gains?
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  Maybe, but it has really underperformed the cycle.
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  I mean, usually in the past at this time, this is what Bitcoin
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  has already topped in many cases, right?
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  So this is the area where Bitcoin tops in prior bull
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  cycles. Bitcoin tops in like December of
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  2024 comparatively. And we're already in May of 2025
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  and we are just now starting to break out.
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  So we are in the performing, but that's OK because this bullish
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  cycle could last a little bit longer in terms of time, which
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  would also be a good thing. But yeah, I am factoring in the
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  fact that we're not going to get the same percentage return as
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  before. But even saying that Bitcoin is
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  still looking at 202 hundred and 10,000 and that would still come
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  up shy percentage wise. And that would be a normal
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  cycle. If Bitcoin starts to break
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  200,000 by the the end of this year, that would be in line with
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  prior cycles. And let me ask you something
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  else tone like so you know, and that's the expectation, that's
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  the general consensus, right? Bitcoin hits to 200 to 250 K by
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  the end of the year. Everyone, that's basically what
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  everyone's feeling. My question to you is, do you,
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  do you think the cycles are still a thing?
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  Do you, do you, do you, do you see 2026 as a bear market?
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  Are we going to trend down the rest of 2026, especially with
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  all this momentum not only on Wall Street but also on the
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  regulatory side? Like Trump's win was absolutely
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  massive for Bitcoin from a regulatory perspective in the
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  United States. Do you think that plays into
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  account in terms of Bitcoins price action heading into what
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  normally would be considered a bear market year, which would be
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  2026? Yeah, I still think we're we're
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  going to hit a, a bull, a bull market pop and then trend into a
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  bear market probably sometime in 2026, maybe not in the beginning
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  of 2026, but towards the end of 2026.
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  So I, I don't think the four, I don't think the four year cycle
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  has changed all that much. So what is a four year cycle to
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  me? To me a four year cycle is a
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  significant new all time high followed by a big drop.
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  And that tends to happen for Bitcoin within four years.
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  We are now just two years into the current cycle from the
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  halving. The halving was oh, no way, I'm
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  sorry. The halving was one year ago,
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  right in 2024. So the halving was one year ago
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  and yeah, so we're about two years into the cycle.
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  So we can have one more year of upside followed by a quick
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  correction that can take up to a year.
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  So I still think in a four year period, we're going to have a
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  critical top followed by A50 plus percent correction.
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  But if this top happens at Bitcoin 250 or 300,000, that
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  means a 50% drop will only take us down to even above current
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  crisis. Yeah, man.
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  And that's, that's absolutely crazy.
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  And, and why do you think what, what is your, what's your
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  reasoning as to why you think Bitcoin has underperformed,
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  taking into account the fact that it's, it's much, much
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  larger asset class Wall Street has involved.
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  Like why do you think it has underperformed?
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  Because I think a lot of us are feeling that in the Bitcoin
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  community. And yeah, what, what, what, what
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  do you think went into that? Oh, I I don't really have a good
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  answer for that. Everything is going well for
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  Bitcoin right now and I completely agree with you.
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  One of my main reasons to why why why Trump deserved the vote
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  from the general public is Bitcoin, especially the
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  Bitcoiners. There was no way there was
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  anybody else that you can vote for.
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  Trump was the absolute best candidate for the Bitcoin prices
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  to rise. Now there are still a lot of
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  concerns with in the Bitcoin space as to how the Bitcoin is
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  being held and which companies and institutions are acquiring
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  Bitcoin. So those things are to be
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  debated. But as far as the price of
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  Bitcoin is concerned, yeah, there was no doubt that the
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  Trump presidency would be absolutely bullish for Bitcoin.
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  And I really thought that after he got elected, there would be a
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  little more of a rise. And instead we fell 30%.
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  So that was a little unexpected. And I don't really have a good
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  explanation. I don't get into conspiracy
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  theories. Oh, it's the big institutions
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  holding the price down so they can buy cheaper.
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  I don't believe in that. So look, it is what it is.
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  I guess. Too many people were already in
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  and there was nobody left to buy.
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  That's usually my explanation for why prices don't do what
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  they're supposed to do on the way up.
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  So I was talking to some O GS like yourself tone and you know,
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  basically asking the same question I just asked you.
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  And the general consensus is we don't know, right That that
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  exactly what you just said is like no one knows.
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  And then the general consensus too is we don't know who's
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  selling either. And then the general consensus
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  was that these are people that, you know, bought Bitcoin under
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  $1000 and you know, they're they're selling some to kind of
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  upgrade their lifestyle a little bit.
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  Do would you agree with that? Yeah, but that always happens,
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  right. So that always happens.
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  I know, I, I, I know some people that are looking to sell once
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  the price goes up a little bit more that I've been holding out
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  for a little while. And yeah, there will definitely
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  be some selling coming in on this bull run, especially from
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  the people that got in around the pandemic that got in in
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  2017. These people have been waiting
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  for this style payout. So there will definitely be some
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  selling. But man, Bitcoin is just
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  becoming a household name. It's Bitcoin is approaching
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  what, 17 years, 1617 years, You know it it's not much longer
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  before new entrants into the workforce are entering the
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  workforce and Bitcoin is older than them, right Like like at
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  that point you can't say that it's a fad.
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  Oh, it's not going to be with us for a while Well, it's been
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  around longer than you were born.
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  So why are you asking for Fiat in your paycheck when bitcoins
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  been around longer than you've been alive and it's still here
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  and still rising? So I think that demand from
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  people entering the workforce that have always had Bitcoin
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  around them and it's existed and they've heard about it, I think
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  that's going to really drive the circular economy in Bitcoin.
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  Yeah, I, I 100% I mean, there's people that I, for example, I
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  just had a daughter like she was born into a world with Bitcoin,
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  right? Like that is not the case for
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  most of us. You know, we, we kind of lived
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  and we, we discovered Bitcoin. A lot of people are being born
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  with Bitcoin exists, right? And that's a completely
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  different phenomenon. Me and Opti are old enough to
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  remember when the Internet was kind of introduced, you know, so
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  it, it's, it's surreal, right, that some people are, you know,
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  just like the zoomers, like we let Opti and I say Opti's a
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  zoomer at heart are kind of. Millennial.
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  Are Internet native. There's there's, you know, this
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  new generation, I think it's called generation alpha.
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  I think that's the. Name We might be on beta now I.
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  Don't know. I don't know, but they were born
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  into a world where Bitcoin like is already existed.
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  So they're they're Bitcoin native.
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  It's a Bitcoin native generation.
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  They might not even know what the Fiat system is.
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  Anyways, I do want to pull up this this trend chart tone,
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  which I find really saying because I think we all if if you
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  guys have been watching the simply Bitcoin channel for a
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  while now, you guys remember the 2017 era, right, which is the
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  absolute mania phase. Bitcoin started the year under
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  $1000, ended the year with a roughly 20,000 and then we had
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  the 2021 bull market, which I would say was also a little bit
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  of an underperformance. A lot of people speculate as to
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  why that happened. I would say the China, the China
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  mining ban played a major role. I, I made a, when I introduced a
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  panel at unconfiscatable, your conference tone.
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  I, I made a whole case as to why I believe that was the reason.
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  But if you just take a look at the Google trends, I mean they
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  speak for themselves. People have not been searching
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  Bitcoin like we haven't made an all time high in terms of
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  interest since 2017. In fact, we haven't even
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  surpassed the 2021 interest all time high in this cycle of 2025,
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  right? So in terms of retail, it seems
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  like retail is completely asleep at the wheel or they're just not
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  interested in Bitcoin at all. Do you see that trend continuing
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  tone? I do, I do.
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  Oh, can can you do one more search there?
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  There's a if you go back to that window.
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  So I don't like to search for the word Bitcoin.
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  I like to search for the word buy Bitcoin.
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  So if you search the key term buy Bitcoin, let's see what it
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  looks like. It's going to look very similar.
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  And yeah, it's flying completely under the radar, which is great.
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  It's great. Why?
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  Why is that great? Because that spike's going to
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  happen and when it does, the price is really going to spike.
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  Remember these those spikes, right?
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  The 2021 version and the 2017 version, that's what happens at
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  the very end of the bull market. That's not what happens in the
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  beginning of the bull market, right?
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  So just check where where that move started in 2021 or in 2017.
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  So right around there, right? That's September, October 2020.
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  And then it ends in April of 21, OK, January, February 21, right?
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  So we're just getting started. So once you get that spike,
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  that's when the bull market is probably over.
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  Yeah. So you essentially and then and
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  then you could kind of see the same, Yep, 2017 it was literally
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  at the top, at the, at the, at the tippity top and we're
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  essentially going sideways. So essentially what the the case
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  that you're making tone is the bull market hasn't even started
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  yet. Not this one, No, not not not
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  this bull market. Well, no, the bull market has
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  started, but the final acceleration into FOMO has not
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  yet started. We're just breaking the prior
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  all time high, which to me is one of the most bullish places
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  to buy Bitcoin. So from this point on, I'm
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  expecting at least a 50% rise before the bull market's going
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  to end. One, one thing I wanted to ask
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  you as well, if you take a look at the coin verse gold price,
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  and I find this really interesting, we actually haven't
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  made all time highs. If you price Bitcoin and gold
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  essentially, or maybe we barely made all time highs, but
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  essentially, you know, if you account for Fiat, yes, we've
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  made all time highs, but you know, you adjust for inflation.
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  I think the Bitcoin to gold price I think is more accurate.
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  Essentially, we've been going sideways for four years now.
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  Since 2021, the Bitcoin price versus gold has been going
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  sideways. Is, is this what you're talking
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  about with in terms of the underperformance tone?
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  Because I think we all feel this.
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  If if you've been in Bitcoin for a couple years now, you feel
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  this. Maybe you might not see you've
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  never seen this chart before, but you feel it, at least on an
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  instinctual level. Yeah.
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  No, that's, that's the chart that's also going to take off.
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  I mean, gold has performed very, very well over the last three to
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  six months, while Bitcoin has been down along with the stock
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  market. Bitcoin is a lot more correlated
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  to the stock market than gold is.
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  And now that stock market is rising again, Bitcoins rising as
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  well. And I think Bitcoin is going to
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  outperform gold significantly over the next six months.
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  So again, now that we're breaking the prior all time
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  high, I'm, I'm expecting 125 to come very soon.
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  But ultimately I'm, I'm pretty bullish right now.
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  Like it's, it's hard to put upper targets on it.
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  I hate putting upper targets on it.
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  I have a much easier time putting low targets on Bitcoin.
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  And of course when it misses those targets by like 1 or $2000
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  people complain. In this particular bear market,
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  when we started falling from 109,000, my ultimate low bear
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  market target was around 7172 thousand.
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  We fell to 74 and people are complaining that I got it wrong.
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  But hey, to each their own. But I have a much easier time
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  picking low end targets. I don't really have a reference
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  for picking upper targets. There's very few metrics you can
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  use to identify upper targets because FOMO can set in and so,
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  but I'm bullish. I'm I'm I'm expecting 125 in the
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  next month or two, 150 before the end of the year and probably
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  200 plus before this bull cycle is over.
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  But this bull cycle could last all the way into the middle of
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  next year. So you are seeing potentially
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  into 2026, we essentially have, you know, kind of like this
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  extended bull market compared to the regular norms and it's kind
• 18:08
  of uncharted territory. And then you are expecting some
• 18:12
  type of correction like we've seen in Bitcoin's history,
• 18:15
  despite BlackRock being involved, despite you know, all
• 18:20
  these big players, you still expecting, you know, a 50 to 60%
• 18:24
  correction, which is completely normal in in Bitcoin terms.
• 18:29
  I'm actually concerned that the correction could be worse than
• 18:33
  in the past. So it depends how we top.
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  If we continue to go up slow and steady, slow and steady, this
• 18:40
  bull market could last another year.
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  Now, again, that's the difference, right?
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  Let's say we top at 250,000. Things would play out very
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  differently if we hit 250,000, you know, by August versus we
• 18:57
  hit 250,000 in March of next year, right?
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  It's like, how do you get to 250,000?
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  Is it something like 2017 or is it something like that?
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  That's going to be very, very slow and steady.
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  Now, when the bear market eventually begins and there's
• 19:15
  always a bear market, it's going to be a bit of a disaster
• 19:19
  because this time around the ETFs are actually going to be
• 19:23
  selling Bitcoin now, I BlackRock is not actually involved, right?
• 19:28
  So yes, BlackRock has the biggest ETF, but BlackRock is
• 19:32
  buying ETF on behalf of users, on behalf of you, on behalf of
• 19:36
  me, on behalf of anyone else holding the ETF.
• 19:39
  BlackRock itself, I don't think they're holding any Bitcoin.
• 19:43
  I mean, maybe they are a little, but people have to realize that.
• 19:48
  I mean, there's again, conspiracy theories aside that
• 19:52
  the 650,000 Bitcoin that BlackRock is holding on behalf
• 19:57
  of its users is actually, you know, Blackrock's Bitcoin.
• 20:01
  But it's. Bitcoin on behalf of its users,
• 20:04
  right? So it's not BlackRock buying,
• 20:05
  it's not BlackRock selling, it's average people buying and
• 20:08
  selling. BlackRock is just who who's
• 20:10
  executing those trades on our behalf.
• 20:14
  And this time around, when the bear market comes and people
• 20:17
  start selling the ETFs, that Bitcoin is actually going to hit
• 20:21
  the open market and drive the price of Bitcoin down.
• 20:24
  This is not what was happening in any prior bear market.
• 20:28
  In all prior bear markets GBTC would go into a a discount but
• 20:35
  they would never be able to sell any of that 600,000 Bitcoin on
• 20:39
  the open market driving the price of Bitcoin even lower.
• 20:43
  So back when in the last like proper bear market this actually
• 20:48
  saved us from going down to below 10,000 when FTX collapsed
• 20:53
  and the price of Bitcoin was 15,000.
• 20:55
  Dude do you believe the price of Bitcoin was 15,000 just like 3
• 20:59
  years ago? No, it's unbelievable.
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  It's unbelievable from I think we're spoiled as bitcoiners,
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  right? You talk about $15,000 Bitcoin
• 21:07
  right now and it's like, wow, you mean I could have bought a
• 21:10
  third of a Bitcoin for $5000? Like that is unconceivable,
• 21:14
  right? So it was.
• 21:15
  Three years ago And what was it in 2023 or 2022?
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  When was the FTX thing it? Was.
• 21:24
  November. I'm trying to remember.
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  I got, I got I'll, I'm looking it up on my end.
• 21:28
  Yeah, Bitcoin was 15,000 in November of 22.
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  So Yep, in January of 2022 you could have still bought Bitcoin
• 21:39
  under 20 grand. January 23, sorry, January 23,
• 21:43
  So a little over two years ago, you're buying Bitcoin at under
• 21:47
  20K. That's crazy, Yeah.
• 21:50
  That thing things fly and it's incomprehensible, especially
• 21:55
  when you're going through those kind of, I wouldn't say dark
• 21:58
  times if you've been in the space for a while, you kind of
• 22:01
  get used to it and numb. But but when you kind of go
• 22:04
  through those, those that those volatility swings, especially to
• 22:07
  the downside, it's inconceivable, you know,
• 22:10
  thinking that you're going to see 100.
• 22:12
  The thing is, you know, deep down inside, you're going to hit
• 22:15
  $100,000. But one thing is like thinking
• 22:18
  and theorizing in your mind and another thing is actually like
• 22:20
  living it and seeing the ticker actually hit those prices.
• 22:24
  Anyways, I do Opti, we got you in the show today.
• 22:27
  Me and Tona been going kind of back and forth bro.
• 22:30
  All time highs. This is an all time high for
• 22:32
  simply Bitcoin $109,570 during the recording.
• 22:39
  So yeah, we we, we, this is all time high territory.
• 22:42
  I love these types of shows. Opti and I have officially been
• 22:46
  discussing. Let us know you guys's opinion
• 22:49
  in the live chat. We are officially sunsetting
• 22:53
  Satoshi the Bitcoin chicken and we're doing air horns instead,
• 23:00
  so we're going to do we're going to have special air horns for
• 23:03
  all time highs before I get optic thoughts, I do want to
• 23:07
  give a shout out to the live stream.
• 23:09
  We got 2176 people watching live between YouTube and X and shout
• 23:14
  out to the rumble crowd. Roughly 100 of you guys watching
• 23:17
  live on rumble. If you guys are enjoying today
• 23:19
  simply Bitcoin live, make sure to smash that like button.
• 23:22
  The YouTube live stream going in strong with 741 live viewers
• 23:27
  smash that like button help us break 200 likes by the time we
• 23:30
  get to the new segment anyways opti, what are your thoughts bro
• 23:34
  all time highs and we got tone vase in the house you know why
• 23:37
  we made all time highs today is because tone was scheduled to
• 23:41
  come on the show tone is part of the O GS he controls the price
• 23:45
  he's in that telegram chat and he planned this he scheduled
• 23:49
  this because he knew he was coming on simply Bitcoin we.
• 23:51
  Scheduled this like 2 weeks ago. I actually forgot it's
• 23:53
  incredible. Halloween.
• 23:54
  We rescheduled this like 2-2 weeks ago and it's happening on
• 23:58
  the day we broke all time high, that's all.
• 24:00
  This is true. This is true.
• 24:01
  I, I, I literally had to call Tone.
• 24:04
  I reminded Tone this morning. I said, hey, Tone coming on the
• 24:07
  show. He's like, yeah, looking forward
• 24:08
  to it. No, that's not what you said.
• 24:09
  That's not what you said. You said, hey, see, see, see you
• 24:12
  later. I thought you about.
• 24:13
  Vegas like I and then I and then two minutes before we go live, I
• 24:19
  call Tone like, hey, Tone, are you coming on the show?
• 24:22
  Yeah, I'll be there in a minute anyways.
• 24:24
  But he he might. I don't know.
• 24:26
  I don't know. Anyways what are your thoughts
• 24:28
  bro? How do you feel all time highs?
• 24:30
  Do you feel numb to this? Do you want more?
• 24:33
  Does this scratch the 2017 inch? Well, First off.
• 24:38
  You said see you soon bro and I haven't seen you in like 3
• 24:41
  months. So.
• 24:43
  I wasn't sure what soon, man, I actually thought about Vegas.
• 24:48
  I should have been more specific, man, but I was
• 24:50
  excited. I was excited because you're
• 24:52
  coming on the show anyways, Opti, what are your thoughts,
• 24:55
  bro? Are you feeling right now?
• 24:56
  Hold on, before I get to that, we might have to pivot on the
• 25:00
  nuking the chicken because apparently the loves the
• 25:03
  chicken. I'll.
• 25:04
  Bring back the. Chicken, how am I feeling, bro?
• 25:06
  It feels good. This is the first time in a long
• 25:08
  time that we hit, you know, all time high.
• 25:11
  We've been kind of chopped solid dating going sideways.
• 25:14
  I've been playing, you know, Phil Collins in the air tonight,
• 25:17
  this morning in our meeting. You know I'm feeling the vibes.
• 25:20
  It feels good. I you know, This is why we're
• 25:23
  here. This is why we do Bitcoin.
• 25:25
  Obviously freedom as well, but number go up is just a feeling
• 25:30
  that never gets old here. These these are the moments when
• 25:32
  you remind yourself why you spend literally every moment of
• 25:36
  every day talking about this and commit your life to talking
• 25:39
  about Bitcoin. These are the moments that we
• 25:42
  love. So yeah, it feels good.
• 25:43
  It feels like, you know, we're back and it feels awesome.
• 25:47
  We're we're you know, technically we're we're kind of
• 25:50
  you know, correcting a little bit.
• 25:51
  It looks like one O 9271 currently, but you know,
• 25:56
  considering everything you guys talk about one, it looks like
• 26:00
  retail is still asleep at the wheel.
• 26:01
  We're at all time highs and the Chad's kind of saying maybe
• 26:04
  people aren't using Google to search for buy Bitcoin anymore.
• 26:07
  Maybe they're using AI, which could be a factor.
• 26:09
  It could be a consideration here.
• 26:11
  But two, we're also, you know, competing right now with Amazon
• 26:15
  for 5th largest asset in the world.
• 26:17
  So, you know, as long as we kind of maintain where we're at, we
• 26:21
  might be able to secure that by the end of the day.
• 26:23
  But yeah, I I feel good. It feels really, really good
• 26:26
  right now. Obviously we're not happy with
• 26:29
  just all time high. You know, we want to go where
• 26:32
  Tone was saying 200 K plus by end of year 2026.
• 26:36
  But this is this is where the fun happens.
• 26:38
  If I think actually I'd I'd like to ask Tone this, if we close
• 26:42
  above all time high today, does that mean we are going in price
• 26:48
  discovery mode? Like what?
• 26:50
  What do you think the chart you know the price candle structure
• 26:53
  is going to be if we do close above all time high today?
• 26:57
  But it's very, very bullish and I've said this many times.
• 27:01
  The only time where the only time and almost the only asset
• 27:06
  where this failed me in my analysis was the closure app new
• 27:12
  all time highs in November of 21.
• 27:15
  That was the only time this viewpoint has failed.
• 27:19
  Anytime you take three to six months or longer to get back to
• 27:25
  an all time high after a significant correction and you
• 27:28
  close above that. And we already closed above it
• 27:31
  yesterday, right? So yesterday was the new daily
• 27:34
  all time high close. Last week was the new weekly all
• 27:38
  time high close. Today we broke intraday all time
• 27:42
  high. So that means we probably got a
• 27:43
  new hourly all time high close. So now we're at all time highs
• 27:47
  across the board. We reached those all time highs
• 27:51
  about four, 3-4 months ago and I think we're headed significantly
• 27:57
  higher. At a minimum you take the
• 27:59
  difference between these highs of like 105106 to the lows which
• 28:07
  was about 7475 thousand and that gives you about 35,000.
• 28:14
  So that is what that should be the upside.
• 28:17
  That should be the minimum upside from this point.
• 28:20
  So we are looking at about $140,000 price at a minimum with
• 28:26
  these closures above new all time highs from a chart
• 28:29
  perspective, those are the minimums that I am working with
• 28:34
  over the next three months, three to six months, it could be
• 28:38
  tomorrow, but over the next few months.
• 28:42
  Incredible, incredible. And then what are you expecting?
• 28:45
  So we hit 140 KA 150K. We have, you know, do we
• 28:50
  consolidate there, you know, chop down a little bit and then,
• 28:54
  you know, spark back up to 200. What is your expectation, Tom
• 28:58
  Base? You know, we're, we're going up
• 29:00
  fairly quickly without any significant corrections.
• 29:03
  So look the higher we go, the higher we will stay on the
• 29:09
  correction. But percentage wise, I really
• 29:12
  think we're going to top sometime in the sometime in the
• 29:15
  teens. I think there'll be a top in the
• 29:18
  next sometime this week or next week at around 1:15, 1/16 and
• 29:23
  then a pull back into the upper 90s or low 1000 or low 100
• 29:27
  thousands. So I do think we're going to
• 29:29
  pull back to this $90,000 level no matter how high we go at this
• 29:34
  point. So even if we go to 1:50,
• 29:36
  there's a high probability of a correction down into the 90s or
• 29:40
  low 1000, low 100,000. I'd rather have that happen now
• 29:46
  than later. I'd rather have us pull back
• 29:49
  into 100,000 from closer to 120 and then we can go to 1:50 and
• 29:55
  then we only need to pull back to 120.
• 29:58
  So either way we are going to back test these areas of upper
• 30:02
  90s to lower 100 thousands and that can start as soon as next
• 30:10
  week. So hopefully it happens sooner
• 30:12
  than later. So last question for you Tone,
• 30:14
  regarding the Google trends before we move on to the numbers
• 30:17
  segment. Then the new segment.
• 30:18
  We got a jam packed show for you guys today.
• 30:21
  So smash that like button if you guys are enjoying it.
• 30:24
  Question for you Tone. So do you think that because of
• 30:28
  Bitcoins price, right people, you know, I think a lot of I
• 30:33
  think in 2017 when you're looking at $1000 Bitcoin or
• 30:37
  $5000 Bitcoin, it seems somewhat affordable for, you know, the
• 30:42
  everyday person. Do you think the unit bias is
• 30:46
  coming into account now in terms of they, you know, they, they
• 30:50
  log into the most people don't know, they log into Coinbase and
• 30:53
  they see $109,000 Bitcoin. They're like, that doesn't make
• 30:57
  sense to me. You think B cash Yeah, they're
• 31:01
  buying, you know whatever you. Know no the the unit bias is
• 31:04
  definitely coming in and I always expected the the unit
• 31:09
  bias of Bitcoin to be addressed once once it's consistently
• 31:14
  above 100K. So after this bull run, it would
• 31:19
  be nice if everyone is not talking about a price of a
• 31:22
  single Bitcoin. It will be way better if people
• 31:25
  are talking. I really thought bits was going
• 31:28
  to be the unit, but it looks like it's going to be Satoshi's.
• 31:31
  So I will finally start, you know, referencing Bitcoin and
• 31:35
  Satoshi's myself and I think it is time to start.
• 31:39
  Then the you guys could drive this bus with your YouTube
• 31:42
  channel to start and talking about Bitcoin, you know, pricing
• 31:47
  it in Satoshi's instead of dollars, so it'll be sorry
• 31:51
  instead of full bitcoins and I think that would help a lot.
• 31:54
  The unit bias is going to be a factor.
• 31:56
  I completely, completely agree. I think the unit bias is
• 32:00
  definitely a big factor and it sounds a whole lot better, you
• 32:05
  know, to say, hey man, I have. I just bought a million
• 32:07
  Satoshi's versus saying I bought .01 Bitcoin like that kind of
• 32:12
  sounds a little bit lame versus dude I bought a million
• 32:15
  satoshi's like that sounds badass anyways.
• 32:18
  Next year unconfiscatable I'll be pricing it as 1,000,000
• 32:21
  Satoshi's instead of .01 Bitcoin.
• 32:24
  And I will make it to the next one.
• 32:26
  Guys, if you haven't signed up, go check out Tone Baze's poker
• 32:30
  tournament Unconfiscatable happening the last day of the
• 32:33
  Bitcoin conference May 30th next week.
• 32:36
  You definitely don't want to miss it the last two
• 32:38
  tournaments. I got to say I don't have
• 32:40
  experience in poker, but somehow I made it to the last table, so
• 32:44
  I'm patting myself on the back a little bit there.
• 32:46
  Anyways, Opti, any comments, thoughts, ideas?
• 32:50
  Before we move on to the numbers segment, I do want to give a
• 32:52
  shout out to the live stream 808 live viewers on YouTube alone,
• 32:56
  1649 live viewers on X and shout out to the Rumble stream 100
• 33:01
  live viewers on Rumble. Smash that like button if you
• 33:04
  guys are enjoying the show Opti. Yeah, I mean, I, I absolutely
• 33:08
  love that we are back to the bits Sats debate.
• 33:12
  I've been trolling like all year or I literally trolling for a
• 33:14
  year about bits versus SATS and I'm like a SATS guy.
• 33:19
  It just makes sense to me. And I do like bits, though bits
• 33:23
  does seem to kind of, you know, really, I don't know, fall into
• 33:29
  how we view dollars and cents, you know, like $1.00 million
• 33:34
  dollars, 100 pennies in $1.00. Like it just, it seems very
• 33:38
  simple, but I mean, I don't know, Sats make perfect sense to
• 33:41
  me. Maybe I've drinking the kool-aid
• 33:43
  too much. But I, I do think unit bias is,
• 33:45
  is kind of a thing right now. I know I talk to people and we,
• 33:48
  we get this, this trope constantly on the show.
• 33:51
  You know, I can't buy a whole Bitcoin.
• 33:53
  And it's like, guys, you can buy a fraction of the Bitcoin, but
• 33:56
  it just doesn't sound as good. But we do talk about, you know,
• 33:58
  sats per dollar constantly every single day.
• 34:01
  So yeah, Nika, I guess maybe, maybe we need to switch over to
• 34:04
  SAT SAT's the standard. We will get people to understand
• 34:08
  what sats is and I mean look the whole unit bias thing it it
• 34:12
  really just kind of goes into Bitcoin in general like there is
• 34:15
  a lot to learn in Bitcoin and I think you know a million stats
• 34:19
  in one bitcoin's probably the the the easiest thing to learn
• 34:22
  here. So I I got.
• 34:23
  Hope in humanity 100 million. What did I say?
• 34:26
  You said a million. Well, 100 million, yeah,
• 34:28
  whatever, you know what I'm saying, 100 million in one
• 34:29
  Bitcoin, I think that's the easiest thing to to learn here.
• 34:33
  Like I, I think people can adapt to that.
• 34:35
  If they can learn sense, they can learn sats anyway.
• 34:37
  I mean we might have to rebrand simply sats bro instead of
• 34:40
  simply Bitcoin anyways, guys, I do want to give a shout out of
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  Or you can toss a coin into the wishing well, which we're going
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  Get your Lightning wallets ready.
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  purchase. So three opportunities to win up
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  to 1,000,000 SAT Sounds good to say that's like $1000 these
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  days. Anyways, guys, it's going to be
• 36:09
  a great show. Stay tuned.
• 36:10
  We're going to hit the number segment.
• 36:11
  Tons to talk about and we got Tone Bays joining us on the
• 36:14
  show. We'll be right back in just a
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  second. I want to tell you guys about
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  today. All right everybody, we are
• 37:52
  back. At the time of recording, the
• 37:54
  Bitcoin price is $109,300. That's I think the highest we've
• 37:59
  read with Clark Moody's dashboard block hide 897,720.
• 38:06
  The the chicken, it forgot how to clock, bro.
• 38:12
  It's like a it's like a chicken on life support and it's a
• 38:18
  rubber chicken. Sats per dollar 915 sats per
• 38:21
  dollar Market caps 2.17 trillion.
• 38:24
  Bitcoin versus gold market cap 9.36% Percentage issued 94.6%
• 38:30
  Decline from all time high .5%. Feels good to say realize
• 38:34
  monetary inflation .84%. Anyways, what I want to talk
• 38:38
  about today is metaplanet. Holy effing Shigaba, blah blah.
• 38:43
  This is crazy. This is nuts.
• 38:45
  This is wild. They're up 98% in the trading
• 38:50
  day, up from I believe a couple dollars.
• 38:54
  It's like $2.00 in the couple days ago.
• 38:59
  Yeah, it's $4.00 in in the beginning shot all the way up,
• 39:03
  it's at $14.60, up 97% in a single day.
• 39:10
  And of course you have a very kind of similar performance
• 39:13
  overall with MicroStrategy. I don't think MicroStrategy has
• 39:16
  reached all time highs, but the point remains Metaplanet,
• 39:22
  another Bitcoin holding company coming out of Japan, this was a
• 39:27
  kind of failing hotel chain that was really impacted by the
• 39:31
  pandemic and they pivoted to a Bitcoin strategy.
• 39:34
  And this stock is just, man, it's going crazy.
• 39:38
  So I have a very difficult question for you, Tone Vase.
• 39:43
  You know, should people buy Metaplanet or MicroStrategy
• 39:48
  instead of Bitcoin 'cause it seems like these stocks are just
• 39:52
  going absolutely effing crazy Tone.
• 39:58
  Yeah, if look, if you have some kind of information before it
• 40:02
  happens, right. And after that, like you said,
• 40:05
  right now MicroStrategy is not at, it's at it's all time high,
• 40:10
  but Bitcoin is, right. So when you catch these things
• 40:13
  properly, yeah, they're going to give you a way higher percent
• 40:17
  return. But when everyone knows it
• 40:20
  exists, buying it. At this point you're probably
• 40:23
  better off buying Bitcoin and self custody Bitcoin.
• 40:26
  People forget the self custody part of Bitcoin is one of the
• 40:31
  most important parts. So yes, if you have an
• 40:34
  opportunity to make some ridiculous return because
• 40:38
  something a ship coin is going to pump over a short term, yes,
• 40:45
  you can do it. In this case, it's a little bit
• 40:47
  better than a ship coin because these companies are actually
• 40:49
  holding Bitcoin, but it it's also a company holding Bitcoin
• 40:53
  and they're not self custodinian, just like sailor is
• 40:55
  not self custodinian, somebody else is.
• 40:58
  So there's all these additional risks.
• 41:01
  And yes, if you're able to get in on it early and you're able
• 41:05
  to capture that percent return early, that's great.
• 41:09
  But AF. But once everyone already knows,
• 41:12
  it's just adds significant volatility to the equation.
• 41:17
  And if you think the market has bottomed and you enter one of
• 41:19
  these trades and the market didn't bottom and it still goes
• 41:22
  down for another month and another 10% down on Bitcoin,
• 41:27
  these stocks can go down 1520 thirty percent.
• 41:30
  Yes, they'll recover, but you got to make sure you have
• 41:33
  enough, you know, bankroll to hold through that.
• 41:37
  And the simplest thing to do is just to buy Bitcoin, put it in
• 41:40
  self custody, stamp the private key so you don't lose it and and
• 41:47
  you're good to go. And if you have a long enough
• 41:49
  time horizon, that is the safest choice.
• 41:52
  And and I completely agree with you as as you know, full through
• 41:56
  on through Bitcoiners, you know, spot Bitcoin in self custody in
• 42:02
  your own possession is the way to go.
• 42:04
  Like that is Bitcoin right now. What worries me a little bit
• 42:07
  this cycle tone is do we have a huge, I mean effing huge influx
• 42:14
  of pure number go up crowd? You know, back in, you know,
• 42:19
  back in our era, tone it was, you know, separation of money
• 42:24
  and stay, you know, sovereignty, unconfiscatable money.
• 42:30
  You know, that was what it was all about.
• 42:32
  Right now, I believe with kind of like the introduction of Wall
• 42:37
  Street kind of coming into the scene, everyone, this is what
• 42:41
  I'm the general consent, like Twitter essentially has become a
• 42:43
  trap, like Bitcoin. Twitter has become Bitcoin tried
• 42:47
  fi Twitter, because that's what it that's what I as an outside
• 42:52
  observer, that's what I'm looking at.
• 42:53
  People are just they're looking at the gains and the
• 42:56
  conversation of, you know, taking Bitcoin into self
• 42:59
  custody. It's, it's, it's almost as if
• 43:01
  it's being muted into the background.
• 43:04
  So what's your opinion on that? Are we moving away towards, you
• 43:08
  know, is the normalization of other people holding your
• 43:11
  Bitcoin is, is that accelerating?
• 43:15
  Yeah, it's an unfortunate situation, but it's something I
• 43:18
  always expected and it's something we have to live with
• 43:21
  that, yeah, people are not going to be self custody in their
• 43:25
  Bitcoin. And it's it's it, it could
• 43:28
  potentially be a problem in the future.
• 43:31
  It's a problem I've been discussing for a long time.
• 43:34
  What happens when the US government decides to come for
• 43:37
  the Bitcoin held in Coinbase custody, that there is nothing
• 43:41
  anyone will be able to do about that.
• 43:43
  And hopefully everyone would wise up and, you know, pull the
• 43:47
  Bitcoin out and hold on to it as much as they can.
• 43:51
  But I'm also not expecting this in the next few years.
• 43:54
  So I think we have one more bull cycle in it.
• 43:57
  I think this bull cycle and probably the next bull cycle.
• 44:01
  And after that, once Bitcoin is over that $1,000,000 threshold,
• 44:05
  once Bitcoin is challenging gold's market cap, it's a
• 44:10
  serious, serious concern that at that moment, the government can
• 44:14
  easily, you know, take control of it.
• 44:17
  And this is also why, like, foreign governments may not get
• 44:21
  in on it, right? If the majority of the Bitcoin
• 44:23
  is controlled by American entities, it makes it tricky for
• 44:27
  China and Russia to buy a lot of Bitcoin because the United
• 44:30
  States can confiscate a big chunk of it.
• 44:33
  So we'll see which way the trend goes, but I'm not very
• 44:36
  optimistic that the trend's going to go in the right
• 44:38
  direction. And let's talk about that tone
• 44:41
  because there's a lot to unpack there, right?
• 44:43
  Which is, you know, eventually the US government is going to
• 44:47
  pull, you know, AI forget what the executive order is, what the
• 44:52
  number was, you know, a executive order 6102 on Bitcoin.
• 45:00
  It, it seemed seems like you're very confident that that will
• 45:04
  happen. I think and then coming from my
• 45:07
  perspective as well, and we're going to talk about this just
• 45:10
  during the news segment, by the way, I got some clips lined up
• 45:15
  and I got some stories and so happy that tone's here to join
• 45:18
  us. But it's, it's becoming
• 45:21
  incredibly obvious that there is absolutely no way or intention
• 45:28
  that the US government, you know, has any idea of that.
• 45:34
  They I just, I don't think they had, they don't not only can
• 45:39
  they not pay down the debt, they don't have any intention of
• 45:42
  paying down the debt either, right?
• 45:44
  So it's it's two things and I think they might see Bitcoin as
• 45:49
  kind of like this bailout, right?
• 45:51
  Is that kind of your thinking behind it?
• 45:53
  Tone? Yeah, maybe.
• 45:57
  But you also have to realize that if the government does
• 45:59
  confiscate the Bitcoin, the price of Bitcoin probably
• 46:01
  crashes big time. So I don't think it's a solution
• 46:03
  to the debt problem. I I don't know.
• 46:08
  They have no interest in paying down the debt.
• 46:10
  They can't pay down the debt. I, I don't know how that's going
• 46:14
  to resolve, but in their attempt to self preserve, I just that
• 46:22
  that's what I see the the same order as the gold confiscation
• 46:26
  happening to Bitcoin. And This is why it's so
• 46:28
  important to self custody. And that's why it's so important
• 46:32
  to spread the knowledge of self custody.
• 46:34
  Yeah. And what do you think and how
• 46:36
  does that world look like, right, where essentially the US
• 46:39
  government goes out and says, hey, you know what?
• 46:42
  The self custody of Bitcoin is illegal.
• 46:46
  Any Bitcoin in in custodians, you know, it now belongs to us.
• 46:51
  You know what does that world look like for Bitcoiners that
• 46:54
  you know are taking Bitcoin into self custody?
• 46:59
  Well, I'm hoping that it just leads to the a lot of decent
• 47:02
  amount of Bitcoin is held like like diversified through states.
• 47:06
  And this finally leads to that breakup of the US into multiple
• 47:10
  countries with multiple states, because that could be the only
• 47:13
  way for like for it to survive. Yeah, and interesting.
• 47:18
  Wow. All right, Opti, what are your,
• 47:20
  what's your take on this? And then on the new segment, we
• 47:23
  have a lot to unpack. We're going to get to in just a
• 47:26
  SEC. Yeah, well, I'm just going to
• 47:28
  kind of troll you on the Metaplanet stock because I don't
• 47:31
  know if you guys know we are rebranding from simply Bitcoin
• 47:34
  to simply Bitcoin stocks here because it looks like it's all
• 47:38
  about Bitcoin treasury companies.
• 47:40
  And and that person that Nico's talking about is himself.
• 47:43
  He keeps saying, man, I should have just bought MicroStrategy
• 47:45
  and Metaplanet, what am I doing? Like what what is going on?
• 47:49
  But I am always echoing what Tone is saying here.
• 47:53
  It is all about self custody and and yes, of course, for whatever
• 47:57
  reasons, you know, you could have various reasons if you need
• 47:59
  to get your money or it's stuck in capital markets and you know,
• 48:03
  you want to buy these stocks. I'm all I'm all OK with it.
• 48:05
  Obviously you're going to get some good gains here, but the
• 48:08
  real the real move here is what Tone's saying is you take
• 48:11
  Bitcoin into custody. This is how you protect
• 48:13
  yourself. Yes, we are kind of getting into
• 48:16
  this. I don't know if like Venus
• 48:18
  flytrap is the right metaphor here, but that's kind of the
• 48:21
  vibe I'm feeling right now we're seeing Actually, I'd like, I
• 48:25
  would like tone this. Do you think Bitcoin treasury
• 48:28
  stocks right now is the new alt season?
• 48:34
  Oh boy. By the way, with all these
• 48:37
  solutions, right, let me tell you what's not a solution to
• 48:40
  this potential Bitcoin confiscation problem, a ship
• 48:44
  coin of interest to you that that is not a solution to the
• 48:49
  Bitcoin problem. Now, the US government has a big
• 48:52
  problem with its treasuries because who wants to buy U.S.
• 48:55
  Treasuries because of the depth of the United States and the
• 48:58
  path of the United States is on. And also with all these
• 49:02
  sanctions around the world and the tariffs and all the other
• 49:05
  stuff that the US is doing, countries around the around the
• 49:09
  world are buying less and less of American debt.
• 49:14
  And I try to keep, I try to keep up to date the data of which
• 49:19
  countries are holding how much American debt.
• 49:22
  And Russia sold all of American debt that they had like 10 years
• 49:26
  ago because they saw the writing on the wall.
• 49:29
  China has been, you know, lessening the debt that they're
• 49:34
  holding more and more, and it's been Europe and the Caribbean
• 49:40
  islands picking up the slack of buying American debt.
• 49:43
  And Europe ain't exactly in good situation either.
• 49:46
  So I think one of the worst assets to hold is American debt
• 49:52
  or the depth of any country. Basically.
• 49:55
  I think national debt is a huge, huge problem.
• 49:58
  And that reckoning is coming very, very soon.
• 50:02
  Yeah. But 100% agree.
• 50:03
  We're going to cover more of that as it relates to that
• 50:06
  during the news segment. And then guys, stay tuned.
• 50:09
  During the culture segment, we're we're going to talk all
• 50:11
  things unconfiscatable and of course Opti's got some things
• 50:15
  lined up as well. So we will be right back in just
• 50:18
  a second. We're going to hit the news.
• 50:21
  I want to give a shout out to our sponsor Casa.
• 50:24
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• 50:27
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• 52:29
  All right, everybody, we are back and this is Opti, and Opti
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• 52:49
  We were just talking about self custody.
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  Do self custody man. Get yourself a cold card
• 52:53
  hardware wallet. Scan the QR code in the on the
• 52:56
  video right now or check the link in the video slash podcast
• 52:59
  description. Anyways, I do want to talk about
• 53:01
  this and I'm so happy that we have tone on the show and I will
• 53:04
  say say the tone tone we are on YouTube.
• 53:07
  So don't go too don't don't go too hard on us.
• 53:10
  But something I found really interesting.
• 53:13
  So there's this video that essentially went on, you know,
• 53:17
  on on it was making the rounds on X and I'll give a little bit
• 53:20
  of context here, right this last year, right, this last election,
• 53:25
  crazy, crazy election for anyone who's been paying attention,
• 53:28
  right, the US essentially wasn't a fork, wasn't a fork in the
• 53:32
  right. It's going to go One Direction
• 53:33
  or it's going to go the other direction.
• 53:35
  Now we are Bitcoin show. We're not a a a new show.
• 53:38
  So we're going to kind of tie this into as it relates to
• 53:41
  Bitcoin. But one of the things that Trump
• 53:44
  campaigned on was cutting spending.
• 53:47
  That was a big part of his campaign.
• 53:49
  In fact, he got one of the he got the richest man in the
• 53:53
  world, a dude that literally invented self landing rockets
• 53:57
  and self driving cars, Elon Musk to be part of that government.
• 54:02
  And Elon essentially promised the American people with doge,
• 54:06
  not not the altcoin, but the department of government
• 54:10
  efficiency that he was going to go in there and he was
• 54:13
  essentially going to cut government, make government
• 54:17
  less, I mean more efficient. And the amount of the amount of
• 54:24
  pushback that he got. I mean they were setting Tesla's
• 54:28
  on fire, you know, they were, you know, threatening him,
• 54:32
  etcetera, etcetera, to the point that even people of the party
• 54:37
  that he sunk money into getting elected, you can make an
• 54:41
  argument that they weren't supporting it right.
• 54:45
  And beauty on wrote this amazing post and when I saw this video
• 54:49
  of must, to me, it was incredibly obvious as a
• 54:52
  bitcoiner that the system itself is addicted to Fiat money.
• 54:56
  It's addicted to Fiat money. And if you think that a system
• 55:00
  that's addicted to Fiat money, it's source of power comes from
• 55:03
  Fiat money, Do you do you think they're just going to just walk
• 55:07
  away willingly from that? I think it's a bit naive and
• 55:10
  it's not taking into account human nature.
• 55:13
  So I'm going to play you guys this clip of Elon and then I'm
• 55:15
  going to read some posts by myself and then beauty on and
• 55:18
  then we're going to get tone thoughts on it.
• 55:20
  So let's check out the clip, I think in terms of.
• 55:27
  Political spending. I'm going to do a lot less in
• 55:30
  the future. And why is that?
• 55:35
  I think I've done enough. Is it?
• 55:40
  Is it because of blowback? Well, if I see.
• 55:45
  A reason to do political spending in the future.
• 55:47
  I will do it. I don't know.
• 55:52
  So here's another clip. My question is more about your
• 55:56
  work at DOGE, for example. Was that worth it?
• 55:58
  You know, to the extent you are now, Elon, you are somewhat
• 56:03
  divisive figure two years ago, but now you really are.
• 56:06
  I mean, there are people who love you, but there are a lot of
• 56:09
  people who dislike you, some of whom were your customers and I.
• 56:11
  And I wonder, was it worth the undertaking at DOGE and
• 56:15
  everything else that you've done and how outspoken you've been in
• 56:18
  terms of the things you believe in to antagonize so many
• 56:21
  potential buyers and or users of things like a robot taxi?
• 56:25
  Well, I mean, unfortunately, what I've learned is that legacy
• 56:29
  media propaganda is very effective at making people
• 56:33
  believe things that aren't true. I can't play that second part.
• 56:39
  But essentially, you know, they, they kind of convinced the world
• 56:42
  that Elon is, you know, comes from a certain political
• 56:48
  philosophy. Now, here's the thing.
• 56:49
  Now this is the kind of the, the, and I got to give credit
• 56:53
  where credit is due to me and Opti, because we've been calling
• 56:55
  this for the last couple of months now.
• 56:58
  And I think Bitcoiners fundamentally understand this.
• 57:01
  You can tell Elon's frustration like by those two interviews,
• 57:05
  you could see it in it, it, it in his eyes, right, that it
• 57:10
  doesn't matter either. He he came in there as an
• 57:13
  entrepreneur trying to fix the system.
• 57:16
  He did all the right things. He did.
• 57:18
  And essentially it was sabotaged.
• 57:20
  And what I came up with, I think that I wrote this this morning,
• 57:22
  I said all his efforts with Doge to cut spending were sabotaged
• 57:26
  either by the media or the system itself, regardless of
• 57:30
  party. And I'll get to that in a
• 57:31
  second. The only solution to like
• 57:34
  actually reasonably cut the size of government is the separation
• 57:39
  of money and state. And here's the thing, this is an
• 57:42
  interesting phenomenon and I think it's something that
• 57:45
  Bitcoiners fundamentally understand.
• 57:47
  And it kind of ties back into what Tone was saying in the
• 57:49
  beginning, in the beginning of the show.
• 57:51
  This isn't a changing of the system through votes or through
• 57:55
  kinetic action. This is actually the Bitcoin
• 57:58
  revolution is a Bitcoin is a revolution of individuals
• 58:02
  reclaiming back their financial sovereignty by opting out of
• 58:06
  political money entirely and going into Bitcoin, therefore
• 58:10
  reclaiming back their power and financial sovereignty in the
• 58:13
  process. That is the only solution to the
• 58:17
  spending problem. There is no other solution.
• 58:20
  If Elon Musk could not solve the problem, that speaks for itself.
• 58:26
  Now beauty on goes even harder in the paint.
• 58:29
  I'll see how much of this is YouTube friendly, but he says
• 58:33
  Elon's mistake was his belief in that's a very his belief in the
• 58:38
  system, and that politicians are motivated by the good of the
• 58:41
  people, not self-interest and greed above all else.
• 58:46
  Had he realized this, he would never have embarked on his
• 58:49
  campaign to reform government. Government workers in the state
• 58:52
  itself doesn't seek reform. It seeks at a minimum, the
• 58:56
  status quo and at all times to increase the the the health
• 59:00
  levels. The correct analysis of the
• 59:02
  problem is the understanding that the form of money and the
• 59:06
  ability to print it out of nothing is the natural
• 59:09
  constraint that needs to be imposed, not regulation or
• 59:13
  reform or efficiency. Once the state can't print money
• 59:17
  at will, the automatic result will be the constraint of the
• 59:21
  spending of the state because there is no money.
• 59:25
  Elon didn't realize this in time.
• 59:27
  He mistakenly believed that something that is inherently
• 59:30
  corrupt could be made non corrupt.
• 59:32
  He thought Bitcoin was a joke or partially believing the certain
• 59:37
  people in the environmental movement that somehow Bitcoin
• 59:40
  uses a lot of electricity and was quote, bad for the
• 59:43
  environment. Had he had not taken this
• 59:45
  position, he would have fully embraced Bitcoin, knowing that
• 59:48
  it was the key to the complete solution to many problems,
• 59:52
  including corruption that we see in governments.
• 59:56
  So I'll leave it at that, trying to move the Overton window
• 1:00:00
  slowly but surely and kind of open the conversation that we
• 1:00:03
  have tone here and just take into account that we are on
• 1:00:06
  YouTube. But these are very important
• 1:00:08
  conversations to have, right? You know, this is something that
• 1:00:12
  me and Opti have been saying for many, many, many, many months
• 1:00:15
  now, right? That even with the best
• 1:00:18
  intention, Elon was only able to cut, I think it was like 150 or
• 1:00:22
  250 billion without the amount of blowback from the very system
• 1:00:27
  itself. And something that, you know,
• 1:00:29
  Bitcoiners came to a conclusion to very early on.
• 1:00:33
  Even I think I saw a post from Anthony Pompliano like you can't
• 1:00:39
  stop this train. You can't stop.
• 1:00:41
  You can't, you can't change the system.
• 1:00:43
  The only way you change it's addicted to printing money.
• 1:00:46
  In fact, people's livelihoods, you know, come from the money
• 1:00:50
  printer. You can get into an ethical
• 1:00:53
  conversation about that and all that discussion.
• 1:00:55
  But what I'm trying to say is if you want smaller government, you
• 1:01:00
  need to take away the government's ability to print
• 1:01:02
  money. And you can't do that in a, in a
• 1:01:05
  traditional political sense, the only way of really doing that is
• 1:01:09
  by opting out of the system entirely and opting that opting
• 1:01:12
  out into Bitcoin. And you do that on the
• 1:01:14
  individual level. This is not a collective thing.
• 1:01:17
  I'm telling you guys, I'm speaking to you through a camera
• 1:01:20
  and on the Internet and blah, blah, blah, blah, blah.
• 1:01:22
  But that's what a Bitcoin in essence is.
• 1:01:25
  It's an individual revolution. It's, it's you as an individual
• 1:01:28
  reclaiming back your sovereignty and opting out of politics in
• 1:01:33
  general, right? Because listen, it doesn't
• 1:01:35
  matter. And, and if you live in a
• 1:01:37
  country that has a relatively unstable Fiat currency, you'll
• 1:01:41
  see this quicker like you did, the fact that you live in the
• 1:01:44
  US, you have a lot of financial privilege in the sense that you
• 1:01:49
  have a Fiat currency that is somewhat stable.
• 1:01:52
  But if I was having the same discussion and making the same
• 1:01:55
  argument to someone in Venezuela who is, or someone in Argentina
• 1:02:00
  who is essentially forced to live under bolivares or pesos,
• 1:02:04
  and I was making the same exact argument, you would understand
• 1:02:07
  it like this. And the beauty of Bitcoin is
• 1:02:10
  that you don't have to wait for whoever is in power to make
• 1:02:15
  those said changes. You can essentially adopt A
• 1:02:19
  Bitcoin standard and everything around you is going to
• 1:02:24
  essentially lower in cost as time goes by.
• 1:02:27
  Instead of you living on this inflationary type of mindset, an
• 1:02:31
  inflationary standard, you actually start to live on a
• 1:02:35
  deflationary standard and it completely changes the entire
• 1:02:38
  ball game. So I do want to give credit for
• 1:02:41
  Elon for trying, but at the same time, Opti, did we not call this
• 1:02:46
  like 6 months ago? We hit the nail on the head.
• 1:02:48
  We said, dude, it's impossible. He's not going to be able to do
• 1:02:51
  it. You can't change the system
• 1:02:53
  within within the system. What you can do as an individual
• 1:02:56
  is opt out of the system entirely.
• 1:02:57
  Now tone. All that being said, what's your
• 1:03:00
  take on this man? Again, I think it was reasonably
• 1:03:05
  easy to predict if you understand human nature.
• 1:03:08
  I, I, I don't understand how he was able to save 200 or 300
• 1:03:13
  billion. I think that number is grossly
• 1:03:15
  overstated. I know they cut a bunch of
• 1:03:17
  irrelevant stuff that was a few 100 millions of dollars of all
• 1:03:22
  of, I don't know, some USA aid and some of the other crazy
• 1:03:28
  stuff. But all of that is irrelevant,
• 1:03:31
  right? Like the US government spends
• 1:03:34
  like 6 or $7 trillion a year. I actually have all of these
• 1:03:38
  numbers in a spreadsheet that I maintain.
• 1:03:41
  So it's Last year, the federal government spent almost $7
• 1:03:47
  billion. That was last year's number.
• 1:03:50
  This year, the government is on pace to spend over $7 trillion.
• 1:03:55
  Their tax revenue will collect at best, 5, 5 trillion at best,
• 1:04:05
  which is also probably unlikely. And the budget deficit for 2025,
• 1:04:13
  Trump's first year, will be the biggest budget deficit ever,
• 1:04:19
  excluding the two COVID years, 2020 and 2021, because nobody
• 1:04:24
  was working right and they were printing money like crazy.
• 1:04:26
  There was like no tax revenue, no nothing.
• 1:04:28
  And for whatever money that Elon can possibly save, all of that,
• 1:04:36
  there was a request for $1 trillion towards the National
• 1:04:39
  Defense, which would mean an increase of like $150 billion.
• 1:04:45
  So everything that Elon could possibly save, or that just
• 1:04:49
  means that another department like starting another war will
• 1:04:53
  just absorb that. It is not going to make a
• 1:04:56
  difference whatsoever. And even USAID stuff, yeah, it's
• 1:05:02
  bad. It's, you know, hundreds of
• 1:05:03
  millions of dollars. But what's hundreds of millions
• 1:05:06
  in a budget of trillions? We are talking like 1 penny out
• 1:05:09
  of a dollar. It's Elon finally realized this
• 1:05:15
  and it certainly hurt his company a little bit.
• 1:05:18
  But no, I think private businessmen should stay away
• 1:05:23
  from politics and vice versa. Right?
• 1:05:25
  Like so. We'll see.
• 1:05:27
  We'll see where it all goes. But the US debt is
• 1:05:31
  unsustainable. It will never be changed from
• 1:05:34
  within. Eventually the system collapses
• 1:05:36
  and we'll see what happens next. Hopefully we are in a good
• 1:05:40
  position to build something better.
• 1:05:42
  Some of us are. Yeah, and they're even saying
• 1:05:45
  this, by the way, this isn't just speculation from, you know,
• 1:05:48
  a bunch of bitcoiners on the Internet.
• 1:05:50
  Like you have Jerome Powell, you have the chairman of the Federal
• 1:05:52
  Reserve saying this himself. Like he is literally verbatim
• 1:05:56
  saying that, you know, the United States fiscal, you know,
• 1:06:02
  trajectory is completely unsustainable, right?
• 1:06:05
  You know, I agree with Lenald and nothing stops this train.
• 1:06:09
  Larry Leopard makes the case in the his new book, The Big Print.
• 1:06:13
  Like, yes, they, they, they, they're going to have no choice
• 1:06:16
  but to try to print themselves out of this.
• 1:06:19
  But eventually there's only so much you can print, right?
• 1:06:23
  You know, So of course Bitcoin is the solution to this.
• 1:06:27
  I don't think it's the solution the way that you guys are used
• 1:06:29
  to seeing politics where it's kind of like this vote left or
• 1:06:34
  vote right and vote for Republican or vote Democratic
• 1:06:37
  and you know, and you kind of just go along with, you know,
• 1:06:40
  the person. Bitcoin is a revolution of the
• 1:06:43
  individual, right? It's, it's something that you
• 1:06:45
  can do as an individual to opt out of political money entirely,
• 1:06:49
  therefore improving your life, maybe not immediately, but as
• 1:06:53
  time goes by, just because you're using a better unit of
• 1:06:56
  account to live your life by. Anyways, Opti, you want to chime
• 1:06:59
  in a little bit here before we move on to the next segment.
• 1:07:02
  Yeah, I'll be quick. Just, you know, complete
• 1:07:05
  vindication on my part. Nico, I, you know, I was hopeful
• 1:07:08
  when we first recovering this stuff.
• 1:07:10
  But as you guys are saying, we knew this was going to fail at
• 1:07:14
  some point. And I think, you know, much
• 1:07:16
  bowed out before it was very public, very public failure.
• 1:07:20
  Even like Ton was saying all the stuff that he was trying to cut,
• 1:07:24
  it would hardly put a dent into the national debt.
• 1:07:27
  And like we we knew this was going to happen.
• 1:07:30
  But you know, as Beauty on said, if he actually understood
• 1:07:35
  Bitcoin and really went, you know, the full fix the money fix
• 1:07:37
  the world meme, then maybe his efforts would have produced some
• 1:07:41
  more fruit here, though there is something that must said that I
• 1:07:44
  do kind of agree. And I have been saying it on the
• 1:07:46
  show for a while. And I know we've been kind of
• 1:07:49
  going we're going a little hard on like you are the content
• 1:07:52
  creators now, you are the media now, but must said it.
• 1:07:55
  And I've been saying this for a while, like I think a lot of us
• 1:07:58
  are still underestimating how much power the corporate press
• 1:08:00
  has. And they still have a a very
• 1:08:02
  strong grasp on the public mind share right now.
• 1:08:05
  So, you know, this is just the beginning of the battle.
• 1:08:07
  They like we haven't won anything and as much kind of
• 1:08:10
  realized himself. It's like the corporate
• 1:08:13
  brainwashing, the corporate press that we are up against
• 1:08:15
  still controls the narrative here.
• 1:08:18
  So, like, there's still a lot of work to be done.
• 1:08:20
  And, you know, Musk, Musk admitted it.
• 1:08:22
  He's like, I didn't realize how powerful it was.
• 1:08:24
  And I've been saying this on the show for a while.
• 1:08:25
  Like, yeah, it looks like they, you know, lost the battle here,
• 1:08:30
  but they still technically controlled the the culture here.
• 1:08:34
  And so there's still a lot of work to be done.
• 1:08:36
  Absolutely 100% and hopefully as Bitcoiners, we continue to move
• 1:08:39
  that Overton window and we really wake up people to the
• 1:08:43
  reality that it's not left versus right, it's not red
• 1:08:46
  versus blue. It's really just, you know, are
• 1:08:50
  you pro Bitcoin? Are you pro Fiat?
• 1:08:52
  Like it really comes down to that.
• 1:08:54
  And I don't see why you would want to be pro if you're the
• 1:08:57
  99%. Like if you're just living your
• 1:09:00
  life and you're trying to get by and you're trying to pay your
• 1:09:02
  mortgage and you're trying to pay your rent and you're trying
• 1:09:05
  to like save for the future, like you know, you most likely
• 1:09:09
  are on team pro Bitcoin, right? Whether you realize it or not,
• 1:09:13
  right, Bitcoin will be more more beneficial to your life than
• 1:09:16
  Fiat. I would say Fiat is.
• 1:09:19
  I don't even want to go down that road.
• 1:09:21
  But anyways, guys, I do want to cover this as we continue to try
• 1:09:25
  to move the Overton window wake a lot of you guys up.
• 1:09:28
  Unlike a lot of political shows, as a Bitcoin show, we actually
• 1:09:32
  provide a solution to this. The political shows, they
• 1:09:34
  provide the solution of voting. Nothing really changes.
• 1:09:37
  Regardless of what parties in power, they continue to deficit
• 1:09:41
  spend. You know, one party lowers a
• 1:09:43
  little bit, let the one party lowers your taxes a little bit,
• 1:09:45
  one party raises your taxes a little bit.
• 1:09:47
  But overall, the general movement of the country stays in
• 1:09:51
  the same direction. And if you're a zoomer, you're a
• 1:09:54
  millennial, you know, you're you're you're probably worse off
• 1:09:57
  than your parents, right? That's not fair.
• 1:09:59
  That's not cool, right? So we're at least trying to
• 1:10:01
  provide a solution present to you guys is a solution.
• 1:10:04
  That doesn't mean that it's a, you know, that it's a switch and
• 1:10:07
  then it's automatically going to make your life immediately
• 1:10:09
  better. You have to put in the work.
• 1:10:11
  You have to, you know, make money.
• 1:10:12
  You have to save that money. You have to be disciplined.
• 1:10:15
  But still, at least there's light at the end of the tunnel.
• 1:10:19
  Anyways, guys, we're going to get to the culture segment.
• 1:10:21
  Do you want to give a shout out to the live stream on the verge
• 1:10:24
  of breaking 3000 live viewers between X and YouTube.
• 1:10:28
  Smash that like button. Shout out to the rumble stream
• 1:10:31
  as well. Going hard.
• 1:10:32
  If you guys are enjoying the show, smash that like button.
• 1:10:35
  We're already at 324 likes. Help us break 400 likes by the
• 1:10:39
  time the show ends. I know it's that's very I know
• 1:10:42
  it's a big reach, but I'm just going to put it out there into
• 1:10:44
  the ether anyways, guys, we're going to hit the culture
• 1:10:46
  segment. We're going to be right back in
• 1:10:48
  just a segment. Second, we're going to talk to
• 1:10:50
  the legendary one and only Tone Bay's unconfiscatable in the
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  today. All right everybody, we are back
• 1:13:00
  here with the one, the only legendary tone vase who has
• 1:13:04
  stepped he stepped away a little bit like all Bitcoiners
• 1:13:07
  eventually do you know, they come on to the scene very strong
• 1:13:12
  and then eventually, you know it's you you ride into the
• 1:13:16
  sunset, something you know then we.
• 1:13:17
  Ride into the. Sunset, I think the next cycle,
• 1:13:20
  bro, we're going to pull up Butch Cassidy just, you know, on
• 1:13:24
  a horseback. We'll we'll record it and
• 1:13:27
  everything with the studio. But no, the reason I'm saying
• 1:13:30
  this is tone started this all tone was for anyone who's new to
• 1:13:34
  Bitcoin, anyone who's new to simply tone was essentially
• 1:13:38
  streaming about Bitcoin content when no one was streaming about
• 1:13:41
  Bitcoin content, right? Back in that era, there was no
• 1:13:46
  podcast. There was no, there was nothing
• 1:13:48
  there. Bitcoin and crypto were very
• 1:13:50
  conflated, right? So there weren't just Bitcoin
• 1:13:53
  only content creators like creating content.
• 1:13:57
  It was just kind of conflated, right?
• 1:13:59
  And of course, the tone vase channel, you know, essentially,
• 1:14:03
  you know, really was the vanguard of this, right?
• 1:14:05
  Talking about just Bitcoin, talking about the benefits of
• 1:14:08
  Bitcoin and yeah, man, like you really, you really, you know,
• 1:14:13
  we're we're as simply Bitcoin, we're standing on the shoulders
• 1:14:16
  of giants, right? You guys are seeing like Bitcoin
• 1:14:19
  media and it's like third iteration, you know, and it
• 1:14:22
  continued the production value increases and the bells and the
• 1:14:25
  whistles and the whatever. But you guys don't remember in
• 1:14:28
  the very early days, you know, you'd only see Andreas, you
• 1:14:33
  know, some Max and Stacey videos from RT and Tone vase.
• 1:14:36
  That's it. Nothing else existed.
• 1:14:38
  This is what you guys have to understand back in the day in
• 1:14:41
  the early days of of Bitcoin. So we're very, very honored to
• 1:14:45
  have this legend joining us on the show today.
• 1:14:49
  And of course, his event is coming up next week in Las
• 1:14:53
  Vegas, NV Unconfiscatable, which happens to be one of my favorite
• 1:14:57
  Bitcoin conferences. I've been going every single.
• 1:14:59
  In fact, I got married at the last one, all right.
• 1:15:03
  I got married at the last unconfiscated.
• 1:15:05
  Almost the this was the this the trophy when I won the poker
• 1:15:08
  tournament. But yeah, we don't do the trophy
• 1:15:11
  anymore. So, yeah, man, and it Tone is
• 1:15:15
  legendary and that you know, he, he's been throwing these, these
• 1:15:19
  conferences, you know, for, for, for a long time now.
• 1:15:23
  It's evolved. Now he's just focusing on what
• 1:15:26
  he loves. Tone loves poker, if you don't
• 1:15:29
  know. So Tone, first of all, dude,
• 1:15:31
  thank you so much for joining us today.
• 1:15:33
  It's an absolute honor, brother. Absolute legends in the house.
• 1:15:38
  Yeah, Elains in saying unconfiscated was first Bitcoin
• 1:15:41
  conference. I was a little bit sad when you
• 1:15:43
  told me you were going to pivot a little bit.
• 1:15:46
  But dude, thank you so much for joining us, bro.
• 1:15:49
  Yeah, no, I mean, look on Confiscatable will still remain
• 1:15:52
  in one way or another. There's a couple other ways we
• 1:15:54
  can go. It is a free event this year.
• 1:15:57
  Just show up. There's no sign up, there's no
• 1:15:59
  registration. The venue holds like 400 people.
• 1:16:03
  So hopefully we fill out the venue information on the website
• 1:16:07
  on confiscatable.com. Poker tournament is sold out
• 1:16:11
  with 50 players but come hang out with us for the day and
• 1:16:14
  there is Midget wrestling at the end of the night as well.
• 1:16:17
  At menu they're they're going. To miss Midget wrestling, man,
• 1:16:19
  don't there. There is small people that are.
• 1:16:26
  No, that's what they. Call it, we're being very
• 1:16:31
  friendly here. So anyways, but yeah, I, I, I
• 1:16:36
  got a tone based tequila limited edition 2 out of 21.
• 1:16:40
  I think the agreement was that we're going to open this at
• 1:16:43
  hundred. Oh, there it is.
• 1:16:45
  It's a different one. I have that one as well.
• 1:16:48
  I think the agreement was that we're going to open this at
• 1:16:50
  what? What price?
• 1:16:52
  Why? Why does it have that?
• 1:16:53
  The brown stuff tone, What is that?
• 1:16:55
  You know, this was the very first bottle that Bare Woods
• 1:16:58
  made. We've gone, it's a company, one
• 1:17:01
  of my investments, we've got a long way into making the the the
• 1:17:09
  bottles better so that it doesn't do this anymore.
• 1:17:12
  This is, this was why this company has still has been in
• 1:17:16
  research and development for like the last year and it's not
• 1:17:19
  in any of the stores yet. That's because we needed time to
• 1:17:24
  perfect the bottle cap so that that doesn't happen.
• 1:17:28
  Gotcha, gotcha. Yeah, I was.
• 1:17:29
  I was worried when I saw this because I was like, oh man, once
• 1:17:33
  Tone comes over and he sees this, he's going to be upset.
• 1:17:36
  He's going to think I ruined the bottle.
• 1:17:38
  But then I was not having the same problem.
• 1:17:40
  Man, it's it's rough but but that doesn't happen anymore with
• 1:17:44
  our new bottles. That's awesome.
• 1:17:46
  Awesome. Yeah, man.
• 1:17:47
  So I'm excited. It's going to be a free event.
• 1:17:49
  It's going to be a a Bitcoin celebration May 30th.
• 1:17:53
  So that's coming up Thursday of next week in Las Vegas.
• 1:17:57
  Again, if you're, if you're going to the Bitcoin conference,
• 1:18:00
  go to unconfiscated, the unconfiscatable event, it's
• 1:18:03
  going to be a poker tournament. They're going to have other
• 1:18:05
  things that are happening as well.
• 1:18:08
  Opti, I mean, are you going to be in town for the 30th?
• 1:18:12
  My Unfortunately my flight leaves on the 30th.
• 1:18:15
  I have literally no clue I I don't remember what my flight
• 1:18:18
  out date is so not sure. Well guys, you, you definitely
• 1:18:22
  got to go Tone. Where can we point people to so
• 1:18:25
  they can find out more information about the event?
• 1:18:27
  No, just the website. You can Google the word
• 1:18:30
  unconfiscatable. It's a word I pretty much
• 1:18:33
  invented probably back in 2014. Fifteen, pretty much 10 years
• 1:18:40
  ago. Wow, so about 10 years ago I was
• 1:18:44
  the one that started saying the word unconfiscatable as bitcoins
• 1:18:47
  most important property and eventually turned into a brand.
• 1:18:52
  Amazing and it's a great brand. It's a great it's a great brand,
• 1:18:56
  great name, self-explanatory. It's one word.
• 1:19:00
  Every time I try to text it though, like the auto correct on
• 1:19:04
  my phone tries to like it it it changes unconfiscatable to
• 1:19:08
  confiscatable. It's very very very symbolic, I
• 1:19:12
  guess. Anyways, tone.
• 1:19:15
  Do you have any, anything that's on your radar that you've been
• 1:19:18
  doing these days? I know that you just had a
• 1:19:20
  financial summit in the Maldives.
• 1:19:22
  Unfortunately, I couldn't make it.
• 1:19:23
  I was kind of bummed out. I was absolutely beautiful.
• 1:19:27
  The, the these, these financial summits that you do anything
• 1:19:30
  that you've been working on lately that you want to bring up
• 1:19:33
  to the audience. You know, there's one project
• 1:19:37
  that is piquing my interest, which is where I will be
• 1:19:40
  spending most of my time in the near future as I wind down my
• 1:19:44
  event business. I I am doing a lot less public
• 1:19:48
  speaking. I'm doing a lot less social
• 1:19:51
  media stuff like YouTube. I barely ever tweet.
• 1:19:55
  I just, I found a very interesting project down in
• 1:19:58
  Latin America. It's a building of a new private
• 1:20:02
  city called Prospera in Roatan, Honduras.
• 1:20:07
  I have now been there about four times.
• 1:20:09
  I have done multiple videos with the founders of the city.
• 1:20:13
  I think it's the most innovative project or the most important
• 1:20:16
  project in the world after Bitcoin, and it's not a Bitcoin
• 1:20:20
  project. It's a way to build a city where
• 1:20:24
  people like us would want to live in.
• 1:20:27
  And I want to take a bigger step towards that project and try to
• 1:20:31
  help them out just like I, I, I'm kind of proud of what I've
• 1:20:37
  done in the, in the Bitcoin world 10 years ago, back when it
• 1:20:42
  needed content creators. And now I think this is the next
• 1:20:46
  project that I'm going to dedicate some time to, and
• 1:20:50
  hopefully make this project better as well.
• 1:20:53
  Incredible, Prospera. And I believe that's in
• 1:20:56
  Honduras, right? In Honduras, Yeah, it's the
• 1:20:59
  island of Roatan. If, if no one knows what
• 1:21:03
  Prospera is, definitely Google it.
• 1:21:05
  Look it up. This city declared Bitcoin as
• 1:21:08
  legal tender before El Salvador did.
• 1:21:10
  It's just that most people had no idea.
• 1:21:13
  But eventually everyone will know the name Prospera.
• 1:21:17
  Well, I mean Prospera and and I think it means prosper right, if
• 1:21:20
  you do the translation right. So a very fitting, like El
• 1:21:23
  Salvador, very fitting country, you know, the savior of the
• 1:21:26
  first country to make Bitcoin legal tender and then the first
• 1:21:30
  free city. I think that's what tone was
• 1:21:32
  getting at. You know, his name is the
• 1:21:35
  English translation is prosper right?
• 1:21:38
  I think one of the last things that I'll say to you guys on
• 1:21:40
  today's show, just a little bit of the theme is Bitcoin is a,
• 1:21:44
  it's a, it's a paradigm shift in human society and human
• 1:21:48
  civilization, especially if you're a Bitcoiner who you know,
• 1:21:54
  has sovereignty because you have your Bitcoin in self custody,
• 1:21:57
  that gives you a tremendous amount of freedom as an
• 1:22:00
  individual, right? And you know, that at least the
• 1:22:04
  thesis from the book the Sovereign Individual is
• 1:22:08
  essentially that they, they, they make the case that over
• 1:22:10
  time, you know, politics starts to become irrelevant as more and
• 1:22:15
  more people opt out of political money, Right.
• 1:22:19
  And, you know, I think as Bitcoiners, that's the world we
• 1:22:22
  want to live in. Maybe maybe it's a kind of
• 1:22:25
  Bitcoin utopian vision that perhaps doesn't take human
• 1:22:29
  nature into account. But I think as Bitcoiners, we
• 1:22:32
  all, you know, we all, we all value that freedom tremendously.
• 1:22:36
  And, and having Bitcoin in self custody comes into that.
• 1:22:40
  So I'm very excited you know, Opti's putting it Long live the
• 1:22:44
  Citadel's. I'd say Prospera definitely fits
• 1:22:46
  into that category. Definitely keep an eye out for
• 1:22:49
  Prospera. Definitely keep an eye out for
• 1:22:51
  tone vase and I do again want to give shout out to tone again.
• 1:22:56
  Really starting, starting it all, man, starting all this,
• 1:22:59
  this Bitcoin content creation before it was even popular,
• 1:23:03
  right. Someone, someone in the chat
• 1:23:05
  basically thanking Tone for, you know, walking him through
• 1:23:09
  essentially the fork wars, which were a very tumultuous time
• 1:23:13
  during Bitcoin, Bitcoin's history.
• 1:23:14
  I think it was like 2017 era, right?
• 1:23:18
  So yeah, man, Tone, thank you so much for joining us today.
• 1:23:21
  I think me and Opti are going to pull a a Butch Cassidy maybe.
• 1:23:24
  Maybe not this epoch, but maybe in an epoch or so, and pull a
• 1:23:28
  tone and. Start now.
• 1:23:29
  We're going to replace ourselves with Zoomers.
• 1:23:35
  So, but anyways, I do want to thank everyone for for tuning in
• 1:23:39
  before, before we wrap up today's show, I do want to give
• 1:23:42
  a shout out to our conference sponsor, which is currently
• 1:23:46
  Bitcoin 2025. It's coming up guys.
• 1:23:48
  Next week, May 27th to the 29th in Las Vegas, NV.
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  We have a sitting vice president who is going to be making a
• 1:23:56
  keynote speech. We've of course the legendary
• 1:23:59
  freedom fighter Ross Olbrich, who was freed by executive order
• 1:24:03
  by President Donald Trump. Of course we have the Bitcoin
• 1:24:06
  senator, Senator Cynthia Lummus, we have Jack Mahler's, we have
• 1:24:11
  the White House so-called crypto and AI czar Mr. David Sacks, and
• 1:24:16
  of course we have Michael Saylor, David Bailey and the two
• 1:24:19
  Trump sons as well. So guys, you definitely don't
• 1:24:21
  want to miss and many, many other speakers.
• 1:24:23
  Opti and I are going to be there.
• 1:24:24
  We're going to have a booth. It's going to be a great time.
• 1:24:25
  Definitely don't want to miss Bitcoin 2025 Las Vegas NV.
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  All right everybody, love you all.
• 1:24:43
  We'll see you guys on the next show of Simply Bitcoin Live.
• 1:24:47
  Today's episode was brought to you by bitcoinwell.com, a
• 1:24:50
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• 1:24:53
  independence.