Latest / Simply Bitcoin / The 9th Largest Economy is Coming for Bitcoin? | EP 1129

Transcript

The 9th Largest Economy is Coming for Bitcoin? | EP 1129 · Simply Bitcoin

0:00
Yo, did the 9th largest country in the world with a whopping
0:04
$2.1 trillion GDP just make a massive Bitcoin pivot?
0:10
Ever since Donald Trump planned to buy a hot 1,000,000 Bitcoin,
0:14
it's creating the nation state FOMO around the world and this
0:18
country bordering the US is looking to follow suit.
0:21
Today we're going to be exposing why this Bitcoin nation state
0:24
arm race is really kicking into OverDrive and why you may not be
0:29
prepared for what's coming next. So who we talking about?
0:33
Well, we're talking about a country that implemented one of
0:35
the most hostile Bitcoin attacks in 2022.
0:39
And this country is also ranked, quote, the fifth most democratic
0:43
country in the entire world. And getting a little more
0:47
specific, the city is making this Bitcoin play in the home of
0:51
one of the largest housing bubbles in the world and jam
0:54
packed with a ton of awesome Bitcoiners.
0:57
So things are starting to head heat up guys.
1:00
It it's getting crazy out there in nation state FOMO.
1:03
But let's play this clip before we get into and break everything
1:05
down for you. It's a bit of note of notice of
1:09
motion to the Standard Committee meeting on Wednesday, December
1:14
11th for a motion titled Preserving of the City's
1:17
Purchasing Power through diversification of Financial
1:20
Resources, Becoming a Bitcoin Friendly City.
1:29
You heard that correct guys, preserving the purchasing power
1:34
of the city and becoming a Bitcoin city, but I'm guessing
1:38
you're still wondering which city is.
1:39
So that was the mayor of Vancouver in Canada proposing a
1:43
motion for the city to hold Bitcoin as a strategic reserve
1:47
asset. Now I know what you're saying.
1:49
Oh my goodness. Simply Bitcoin hitting the click
1:51
bait once again. Well, no.
1:53
Yes, this is just one city so far in Canada, but there is
1:57
interesting developments happening in the whole entire
2:00
country of Canada. So let's move forward a little
2:02
bit. We got some articles here, of
2:04
course. Here's a headline from Politico
2:06
about Pierre Poli Ray. Poli Ray Sorry bro, I can't
2:10
speak French and it's titled Pierre is the man who could beat
2:14
Justin Trudeau. Now what?
2:16
Why are we even talking about Pierre?
2:18
Well, obviously you guys know Justin Trudeau is not a fan of
2:22
Bitcoin. He famously attacked the trucker
2:25
convoy where Bitcoin has showed up and was able to get Bitcoin
2:29
into the hands of the protesting truckers.
2:31
And it was international news story, right?
2:34
Well, let's look at the polls right now.
2:36
It looks like Canadians are not happy with Justin Trudeau in
2:39
general and Pierre is leading on the polls, you know, leading
2:43
with a 41.5% lead in the polls. Justin Trudeau, who obviously is
2:49
in control right now, losing favor in Canada at 23.3%.
2:53
Well, if you aren't a Bitcoiner, maybe you don't know that Pierre
2:57
Polivert is very famously a Bitcoiner and the Trudeau
3:02
administration has actively attacked Pierre for his Bitcoin
3:06
stand. So let's see this little, you
3:09
know, hit piece that they put out there that's got some clips
3:11
of Pierre talking favorably for Bitcoin and you can kind of see
3:15
the bat and the angle that the Trudeau administration has been
3:18
taking. Opti, it's not playing.
3:29
It's not playing for you. Here, Let me send this to you,
3:31
Nico. No, you're just not sharing the
3:34
tab, that's all. OK, here we go.
3:38
You protected your family business against inflation with
3:40
a very clever financial decision that you made.
3:44
We'll come back to in a moment. It involves a Bitcoin.
3:48
He also encouraged people to cash in their Fiat currency,
3:51
their paper money, and buy quick fit Bitcoin.
3:54
If they had done that, they would have lost $37,000.
3:58
With Mr. Poly of his approach that you can opt out of
4:00
inflation with cryptocurrency magic Internet money fluctuates
4:05
vastly a 30% or more in one day. Anyone following his advice that
4:09
we saw on YouTube would have lost 20% of their earnings.
4:13
I mean this is ludicy. Come on guys, we get it.
4:16
We bought this warmer with Bitcoin.
4:19
You protected your family business against inflation with.
4:22
Lol OK OK so you can tell they are not fans of Pierre coming
4:27
out and being pro Bitcoin. Of course, famously Justin
4:30
Trudeau went on stage was mocking Pierre telling his, you
4:34
know, fellow Canadians to buy Bitcoin and you know Bitcoin.
4:37
And this was in March. Bitcoin was up 250%.
4:41
And that previous video, by the way, was in 2022.
4:44
Exactly. So they've been on the beat for
4:46
a minute and obviously if you are a bitcoiner looking at the
4:51
price, yes, you know, it's funny that they were using the meme of
4:54
magic Internet money. It's super volatile.
4:57
Well, I think now in 2024 where we're kissing 100 Ki think
5:01
Pierre has been fully vindicated on this point and going further,
5:04
Pierre has been very vocal about banning CBD CS in Canada.
5:09
So he's very much a bitcoiner. There was a clip of him, you
5:12
know, buying Bitcoin with shawarma.
5:14
Love to see the what do we call him in Canada?
5:17
Prime ministers love to see what we we would consider an America
5:20
the akin to a presidential candidate using Bitcoin.
5:23
We all saw Trump buying burgers. Well, you know, Pierre is buying
5:28
shawarma with it. Just love to see it.
5:31
And then kind of just adding a little more fuel to the fire
5:33
here. We just saw that this, you know,
5:36
a couple days ago, if you look at assets ranked by market cap
5:40
that Bitcoin is above the Canadian dollar and this was at
5:43
97 K. So it looks like we're kissing
5:46
9899 K right now. So hey, I don't know about you,
5:50
but if I'm a Canadian and I'm looking at Bitcoin, climb the
5:53
charts, what is the real fake money here?
5:57
In my opinion, it's the Canadian moose knuckles.
5:59
You know, like the moose shekels here.
6:01
Bitcoin is the real money. It's climbing in the asset
6:03
charts, it's climbing in the currency charts.
6:06
It's going to put Canadas dollar and in the dust.
6:09
And so putting all this together, it is very interesting
6:13
that if Pierre wins, we are going to see two favorable
6:18
Bitcoin administrations in North America.
6:20
Obviously we know what Trump's been saying.
6:23
We know what's going on in the US There's a lot of grumblings
6:26
and rumblings about a strategic Bitcoin stockpile in the US
6:30
Well, Pierre gets in, it's probably pretty easy to
6:34
speculate that he's going to follow suit and also propose a
6:38
Bitcoin strategic reserve in Canada.
6:40
So it's starting in Vancouver, one city, you know, they have a
6:44
long standing Bitcoin meet up. There's a lot of awesome
6:46
Bitcoiners there and you know it's neighboring Alberta, so
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everyone knows what's going on in Alberta.
6:52
It's basically the Texas of Canada here and they love
6:56
Bitcoin here. So it may start small.
6:58
It's really a testament to the idea of starting on the
7:01
grassroots level. It's much easier to change
7:04
things on a local government level and then kind of move your
7:06
way towards the federal level, but the point remains the same
7:09
guys, this whole week we've had a theme here on simply Bitcoin
7:12
and it's the Domino's falling on nation state Bitcoin adoption.
7:16
Yes, Bitcoin is the separation of money and state, but if these
7:20
countries want to stay competitive, they're going to
7:23
have to issue favorable Bitcoin legislation.
7:27
They can't continue to fight Bitcoin.
7:28
So it's very interesting. We are moving into a new era.
7:32
Nico, I know I've been saying this for a while.
7:35
This time feels different, but this time is actually different.
7:39
You know, we have corporate adoption of Bitcoin.
7:41
We're seeing the nation state FOMO of Bitcoin and retail
7:44
hasn't even shown up to the party.
7:47
It's Thanksgiving, you know, holiday weekend for us in
7:49
America, and Bitcoin is quietly climbing towards 100K.
7:53
Maybe we're going to get some, you know, Bitcoin weekend pumps
7:56
back on the menu here. It's going to be interesting if
8:00
Bitcoin hits 100K by the time the banks come back on Monday.
8:03
So hey, man, things are moving quickly.
8:06
I don't think any of us are ready for what's going to happen
8:08
in 2025. You know, I think a simple 1-2
8:13
XI think that might be off the table here.
8:15
But it's Friday, so I got to give you guys a little bit of
8:17
opium. Anyways, I'm going to pass it
8:19
over to Paul. We have Paul Tarantino here from
8:22
Bight Federal, you know, Bitcoin entrepreneur.
8:25
So what's your thoughts on seeing Canada or rather the City
8:28
of Vancouver? And the mayor proposed a way for
8:32
them to quote, protect their purchasing power and add Bitcoin
8:35
to their city company, or rather city treasury here.
8:39
Yeah, I'd, I'd love it, but I love, I love Vancouver.
8:42
Vancouver is an awesome city. I thought about moving there at
8:45
one time. I ended up moving to Montana
8:47
instead, but love Vancouver. It's an international global
8:53
city, so it makes sense that they're fully aware of what's
8:56
happening globally and that they need to be a part of it.
8:59
I love the fact that they sit right on top of Microsoft too.
9:02
So maybe they're adding a little pressure to Microsoft to get
9:06
their act together. I think, I think, you know, when
9:09
I start to see this everything that's happening from Canada all
9:12
the way down to Argentina, I begin to see this American
9:15
corridor that that's fully moving towards a, a Bitcoin
9:20
standard bit by bit. And I just think it's amazing
9:24
that we're only let's say halfway through this bull cycle
9:28
and like think back to like 2017, right?
9:32
We, we are during that entire run up, it was the, the, the
9:35
hope that there was going to be a Bitcoin ETF and then it never
9:39
materialized. And that was at the a massive
9:41
retail run up. Here we are with a massive
9:45
sovereign adoption, massive corporate adoption run up that
9:50
is actually being implemented during the bull market.
9:53
It's not like we're we're pumping, the coin is pumping on
9:56
hopes that this is going to happen.
9:57
This is happening in real time. So like I said, like you said,
10:00
2025 trying to stay humble, let's just put it that way,
10:05
yeah. Keyword trying.
10:09
Trying. Yeah, All right, Nico, what's
10:12
your thoughts on this? You're you're the reigning
10:14
political head guy here. So what are the implement
10:17
implications here? What?
10:19
What do you what do you see? What's your thoughts when you
10:21
hear this? I know when we were covering
10:23
this, you're like, yo, this is huge.
10:25
So Nico, what's your thoughts on this?
10:27
Yeah, man, first of all, like, you know, this is a a worldwide
10:31
phenomenon. We've been talking about this
10:33
for, you know, the last one or two weeks or so, really since
10:37
the Trump administration pulled off a historic political
10:41
comeback and they won the United States presidential election.
10:45
You're kind of seeing a change in tune from countries
10:49
worldwide. It was just announced that
10:51
Russia was going to legalize digital assets.
10:56
That just happened in the last 24 hours ago, 24 hours or so.
11:00
We have Morocco saying something similar.
11:03
You have politicians in Brazil introducing legislation that
11:08
would make Bitcoin a strategic reserve asset.
11:11
You have the state of Pennsylvania announcing that
11:14
they're looking to make Bitcoin a strategic reserve asset.
11:18
Of course, on the federal level. You have Donald Trump working
11:22
with the Bitcoin senator, Senator, Senator Cynthia Lummis,
11:26
talking about making Bitcoin a strategic reserve asset on the
11:31
federal level. And you see all these countries
11:34
worldwide looking over the United States and saying, hey,
11:37
you know, what, if we don't get on this Bitcoin train, you know,
11:41
we might find ourselves catching up, so to speak.
11:45
You also have a judge in China ruling that Bitcoin is actually
11:52
legal as individual property, right?
11:56
So you're, you're kind of seeing this 180 on a regulatory level
12:00
internationally because of Trump winning this recent election.
12:04
And there needs to be an election.
12:07
And they're like, legally, there needs to be an election by
12:11
October of 2025 in Canada. And if you look at the polls, it
12:16
looks like Trudeau is going to be unseated as Prime Minister.
12:23
And that means that the Conservative Party of Canada,
12:26
which is led by Pierre Polyvirot, sorry, I can't
12:29
pronounce his last name, have a really good shot at winning.
12:33
And we know his stance on Bitcoin, right?
12:36
He's been a Public Advocate of it many, many times going to
12:42
Tahinis. You know, of course, you know,
12:44
we know the tahini Bros are first of all, they're awesome
12:48
Bitcoiners and they're huge fans of Bitcoin and they use a
12:50
Bitcoin treasury strategy and they're absolutely crushed in
12:54
the game. And he's been a very vocal
12:57
supporter of Bitcoin. So, you know, this is this would
13:01
be absolutely nuts if essentially almost every country
13:05
in North America, their governments are pro Bitcoin.
13:09
Like, who would have thought? You could have never have
13:11
pictured that, you know, two years ago where you know, we're
13:15
finding out and we have a clip for you guys during the numbers
13:18
that the Biden administration has been extremely hostile
13:22
towards the industry from a regulatory perspective, like D
13:26
banking us, you know, proposing a 30% Bitcoin mining tax.
13:31
So this is incredibly bullish. And you know, and on a, on a on
13:36
a provincial level, you have the province of Alberta that is
13:41
extremely pro Bitcoin. You have a bunch a bunch of
13:45
amazing Bitcoin companies from there, like of course Bitcoin
13:49
well, you have bull Bitcoin. You have a bunch of other kind
13:53
of like mining esque type of companies as well coming out of
13:57
that province. And of course they've been in
14:00
talks with the equivalent of of what we call in the United
14:03
States, the governor of that Providence.
14:07
And I believe they are extremely pro Bitcoin as well.
14:12
So, you know, this is, and now Vancouver, so that's another
14:16
province in Canada from British Columbia called British
14:19
Columbia. And you know, they are, you
14:22
know, they are extremely pro Bitcoin as well.
14:26
So, yeah, I mean, this is, this is, this is amazing.
14:29
It doesn't surprise me. You know, Bitcoins incentives
14:33
are, are the best and that's why bitcoins going to win at the at
14:37
the end of the day. So yeah, this doesn't surprise
14:40
me at all. And the fact that if we if, if
14:43
this news was just happening on an individual level, I think it
14:47
wouldn't mean a whole lot of anything.
14:49
But the fact that it's happening on an international scale, if
14:53
you connect the dots, you see what's happening, right?
14:57
And I think what we witnessed really over the last five years
15:00
or so was what I call the great disintermediation of
15:04
information. With the rise of social media
15:07
and how the social media, particularly X, has really taken
15:11
the place of traditional media. I think what we're going to see
15:16
over the next 5 to 10 years is the great disintermediation of
15:20
money. And just like the great
15:22
disintermediation of information, I believe this is a
15:25
bottom up movement. This is a grassroots movement as
15:29
more and more people decide to opt out of political money,
15:33
which is Fiat money, and decide to opt, opt into better money,
15:38
which is Bitcoin, which is the exact opposite of political,
15:41
right. So, yeah, very exciting overall.
15:45
Canada's a huge country like Brazil to the fact that this
15:48
news isn't coming from like small countries, the fact that
15:51
this is coming out of, you know, big, large countries with
15:55
enormous GDPS, it's like what Opti said.
15:58
Canada, I believe is either the 9th or 10th largest GDP in the
16:03
world, largest economy in the world is absolutely massive,
16:07
right? And we have there's a there's a
16:09
high possibility that you have just like what happened in the
16:12
United States, you have a pro Bitcoin government going into
16:16
power in Canada in 2025, the year that the Trump
16:21
administration is going to have their first year.
16:23
And we all know how the Trump administration feels about our
16:26
industry. So just, I mean, it reminds me
16:28
of Trump's speech from Nashville, right?
16:31
You guys are gonna get tired of winning so much.
16:33
Winning, amazing winning. You know, this is this is
16:36
amazing. This is amazing.
16:37
Now, does this, does any of this surprise me?
16:40
No. This is bitcoins incentives.
16:42
Bitcoins incentives are superior to fiat's incentives.
16:47
This is why all of this is happening and I think that this
16:50
trend will not only continue, but I think it's going to
16:52
dramatically accelerate from here.
16:55
So I think it's really, really exciting stuff.
16:57
Also want to give a shout out to the 1100 of you guys watching
17:01
live between YouTube and X and shout out to the guys watching
17:06
live on Rumble. If you guys are enjoying the
17:08
stream so far, help us break 200 likes within the 1st hour of the
17:15
live show. So we're about to hit 100 likes
17:18
on the live show right now. So if you guys are enjoying the
17:20
show, make sure to smash that like button.
17:24
Really really helps with the algos to push this message
17:28
forward. Anyways, before we jump into the
17:30
numbers, I want to give a shout out to Simply Bitcoins lead
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All right everybody, let's hit the numbers.
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today. All right, everybody, imagine
21:02
this conversation. You're like 80 years old and you
21:05
want to pass on your Bitcoin to the future generations.
21:08
And your grandchildren come to visit you and they're like,
21:11
grandpapa, I heard you stacked Bitcoin under 100K.
21:14
And you look at them and you're like, yes, yes, kids.
21:16
I did. And they're like, OK, grandpapa,
21:18
are you going to pass? Are you going to bestow to us
21:20
the generation of wealth? And then you look at them in the
21:23
eyes and you say no because I didn't listen to Nico.
21:25
And I wrote down my seed words on paper and the dog ate that
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and they're going to look at you and they say grandpapa, why they
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not listen to Nico? And then you're going to say, I
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21:42
recording, he's going to read the numbers.
21:44
Wait, wait, wait, wait. Can we?
21:46
Acknowledge how you went Old English there, and I think
21:49
bestow might be the biggest word you've ever used on the show.
21:53
Anyways. Anyways, we're over here on
21:55
Clark Moodies Dash dude I got. A comment yesterday, I forget
21:59
where it was from, but it was like basically like, yo, we we
22:03
were listening to simply Bitcoin in the class and all the kids
22:07
were just cracking up to you talking no talking about that.
22:12
So, kids. Listening to us Nico, we might
22:15
have to clean up the show this is a family friendly show we
22:17
will clean it up, we will clean it up but they all go at the.
22:20
Stamp seat. They're all like, OK, I get it.
22:22
Message received. Bombing bomb.
22:23
Boom if their Bitcoin or. Kids, they can handle the truth.
22:27
I know, I know. We, we.
22:28
We. We try to clean it up, but you
22:30
know, sometimes we we lose it here on the show anyways.
22:33
Anyways, we're over here on Clark Money's dashboard going
22:35
over some Bitcoin numbers. So of course, the Bitcoin price
22:38
is currently at $97,350 per Bitcoin, which means the SAT per
22:44
dollar, AKA how much your Bitcoin is, or wait, how much
22:47
the dollar is worth in Bitcoin and how much Bitcoin you can buy
22:49
for a single dollar is inching towards that 1000 SAT per
22:53
dollar. We are currently at 1000 and 27.
22:55
The current block height is 872,495 and the market cap in
23:01
Fiat terms, in dollar terms is currently at $1.93 trillion.
23:06
And the Bitcoin versus gold market cap, we've secured the
23:10
10% of the gold market cap. We still have a lot to run in
23:13
the hard money game, but we are currently at 10.49%.
23:17
And the total percentage of Bitcoin that will ever be
23:19
issued, I repeat, the total percentage of Bitcoin that will
23:22
ever be issued is currently at 94.2 3%, which means about
23:26
roughly, you know, 19.7 million Bitcoin are currently
23:30
circulating. All right, guys.
23:31
So for the clip today, this one is a little long.
23:35
I'm not going to play the whole thing.
23:36
We did give you a clip yesterday from this conversation on Joe
23:40
Rogan. Of course, we're talking about
23:42
the Marc Andreessen episode that just went live on Joe Rogan.
23:46
And Mark is just, he's exposing, at least to a bigger audience,
23:51
what Nico and I have been exposing to you guys constantly.
23:54
And it's this choke .2 point O saga that we've been a part of
23:58
in the last year, well, rather the last four years, but really
24:01
got kicked into OverDrive in the last year.
24:04
And this is really why, you know, Nico kind of lost it and
24:08
went full Trump mode on us when we tried to be neutral here.
24:13
But it's becoming very obvious the Biden administration was
24:15
fighting the Bitcoin industry and now it's becoming very
24:18
public. It's not just becoming a niche
24:20
topic in Bitcoin, it's becoming a broader conversation in public
24:25
consciousness. It really is amazing that people
24:28
don't know that the banks have been weaponized against them.
24:31
Maybe this is only something only Bitcoiners now, but this is
24:34
the game we are on. So I'm going to play a part of
24:37
this. I won't get through the whole 8
24:38
minutes, but you should definitely listen to the whole
24:41
clip. As Bitcoin therapist says on
24:43
Twitter, this might be the most important 8 minutes of your
24:46
life. So let's get into this.
24:48
Listen, we'll cut it off some some point through it new and
24:50
financial services. Can you give me an example?
24:52
Like I said. You know, de banking, this is
24:55
where a lot of the de banking comes from is these agencies.
24:57
So de banking is when you're you as either a person or your
25:00
company are literally kicked out of the banking system like they
25:02
did to Kanye. Exactly like.
25:04
They did to Kanye. My my my partner.
25:05
Ben's father has been debanked. We had an employee for what?
25:09
We for having the wrong politics?
25:11
For saying unacceptable things under current banking
25:14
regulations under OK, here's a great here's a great thing under
25:16
current banking regulations, after all the reforms of the
25:18
last 20 years, there's now a category called a politically
25:21
exposed person PEP. And if you were a PEP, you were
25:24
required by financial regulators to kick them off of your OF to
25:28
kick them out of your bank. Why you're not allowed?
25:30
What if you're? Politically on the.
25:31
Left. That's fine.
25:33
No, because they're because they're not politically exposed.
25:35
So no one on the. Left gets debanked, not I have
25:37
not. Heard of a single instance of
25:39
anybody in the left getting do. Can you tell me what?
25:40
The person that you know, did what what they said that got
25:43
them debanked. Oh well, I mean David.
25:44
Hurwitz is a right wing, you know, he's pro Trump.
25:46
I mean, he said all kinds of things.
25:47
You know, he's been very anti Islamic terrorism.
25:49
He's been very worried about immigrate migration, all these
25:51
things. And they debanked him for the,
25:54
so you get kicked out of, you get kicked out of your bank
25:55
account. You get, you get kicked out of
25:57
the, you can't do credit card transactions.
25:59
But by the way, you can't, what is that legal?
26:01
Well, exactly. So this is the thing.
26:02
And so, and then you go to this thing of like, well, there's no,
26:05
this is where the government and the companies get intertwined
26:07
back to your fascism point, which is there's no, there's a
26:10
constitutional amendment that says the government can't
26:12
restrict your speech, but there's no constitutional
26:14
amendment that says the government can't debank you,
26:16
right? And so they, if they can't do
26:17
the one thing that they, they do the other thing, and then they
26:19
don't have to do bank you. They just have to put pressure
26:21
on, on the private company banks to do it.
26:24
And then the private company banks do it because they're
26:25
expected to. But the government gets to say,
26:27
we didn't do it. It was the private company that
26:29
did it. And of course, JP Morgan can
26:31
decide who they want to have his customers, of course, right?
26:33
Is their private company. And so it's this, it's this
26:35
slight of hand that happens it. So it's basically it's a
26:38
privatized sanctions regime that let's bureaucrats do to American
26:43
citizens the same thing that we do to Iran, just kick you out of
26:46
the financial system. And so this has been happening
26:48
to all the crypto entrepreneurs in the last four years.
26:50
This has been happening a lot of the fintech entrepreneurs,
26:52
anybody trying to start any kind of new banking service because
26:55
they're trying to protect the big banks.
26:57
And then this has been happening, by the way, also in
26:59
legal fields of economic activity that they don't like.
27:02
And so a lot of this started about 15 years ago with this
27:05
thing called Operation Truck Point where they decided to
27:08
marijuana that. That's where we that's where we
27:10
got it off from yesterday. So are we surprised here, Nico?
27:14
We've been covering this for a while.
27:16
And actually I'm going to do the meme that I do in the chat all
27:18
the time. Sorry, guys.
27:20
If you're watching this video, you are on that list and you are
27:24
a pet person. So I apologize for your interest
27:28
in things that are outside of the Overton window.
27:31
But it's becoming very obvious that, and especially in the last
27:35
year, but the last four years under the Biden administration,
27:38
that Bitcoin or, you know, crypto companies are politically
27:42
exposed people. Now we have a little new
27:44
vernacular here. But if if you've been following
27:47
along closely, you've been seeing this play out and it
27:50
really is amazing to me how many people don't understand how the
27:54
deplatforming works. And you know, Mark kind of just
27:57
skirted it in there a little bit.
27:59
And I I don't even know if I can say the F word here.
28:02
And I'm not I'm not talking about curse words here.
28:03
So I'm off to go to Nico. Can I say the F word on YouTube?
28:08
I know we just played it. I mean, so let's just say
28:12
collectivists. I think that's that's yeah,
28:16
let's just. Say government and corporate
28:19
symbiosis that will control every aspect of your life, which
28:25
is the that very simply I think completely 180% or 180° away
28:33
from what the land of the free is supposed to be but now we're
28:37
getting more data more people are learning about this and this
28:41
is very clearly why we're bitcoiners.
28:44
This is very clearly why we always tell people that, hey, if
28:47
you are a part of being the platform, if you have ideas and
28:51
and you say things that the current administration or any
28:54
government doesn't like, then you're very clearly going to
28:57
become a bitcoiner. Now, if you watch that clip, you
29:00
do notice that Marc Andreessen basically was shilling cash.
29:05
He's like, yeah, This is why we all use cash.
29:07
I mean, he's he runs A16Z. It's a shit coin, you know, VC
29:11
venture fund. So I'm very it's very
29:14
interesting that he doesn't quickly say Bitcoin or even
29:18
crypto. He's just like, yeah, they, you
29:20
know, everyone just goes cash. Well, I mean if he said.
29:22
That it would like. Let me just talk about this on
29:26
Joe Rogan and an even bigger target on my back.
29:31
You know, I know the Biden administration is lame duck
29:33
right now, but you know, Trump isn't sworn into office till
29:36
January 20th. So anyways, look, I, I, I saw
29:41
that in I saw that entire clip yesterday and I was like, Oh my
29:45
God, this is, this is crazy. And for a couple of reasons,
29:49
like there's no due process. So it's not like this gets taken
29:55
to a judge and then the judge like, OK, you know what, let's,
29:59
let's debank these people. These are unelected bureaucrats
30:04
that are getting to decide who is allowed to interact with the
30:08
US banking system and who is not allowed to interact with the US
30:11
banking system. Because.
30:14
They're unelected. There's no accountability there,
30:16
right? That is a very dystopian world.
30:20
Like that is a world that you don't want to live in.
30:22
And mind you, these are the same people that are advocating for
30:26
central bank digital currencies. Like, I'm sorry, I just don't
30:29
believe you guys. And just to provide a little bit
30:32
of context, right? We have simply Bitcoin have
30:37
always taken a neutral stance because we believe Bitcoin is
30:40
inclusive. Bitcoin is for everybody, but
30:44
they kind of forced our hand a little bit to start talking
30:48
about politics a little bit because they start, they
30:52
arrested the samurai wallet developers and that's really,
30:54
that was like the last straw for me.
30:56
And I said, you know what, we're going to have to talk about
30:59
this. Mind you, I'm not the only one
31:01
that felt this way. I don't think the Bitcoin and
31:05
crypto community would have ever gotten into politics if it
31:10
wasn't for the hostile regulatory environment that the
31:14
Biden administration and some senators like Elizabeth Warren
31:18
created for our industry. It forced our hands, and it also
31:22
created an opportunity for the opposing political party to
31:26
capitalize on that in the hopes of getting votes.
31:30
Now, now that the election is over, I believe that the
31:34
Democratic Party made a major mistake because there's a huge
31:40
part of their constituents that own Bitcoin, they own crypto and
31:45
they benefit from it. So I think it was, you know, I
31:49
think it was a drop ball and I do not believe that money should
31:53
be politicized. However, I'll caveat this with
31:56
I'll leave it with this as much as I'm a fan of Elon and and
32:02
VVAC and you should never bet against Elon.
32:04
I mean, the guy literally invented a self driving car and
32:08
self self landing rockets. So I have no doubt in Elon's
32:14
ability. But what I will say is that if
32:17
Doge is successful, the the department of you know, where he
32:20
wants to essentially cut spending and and cut certain
32:23
government jobs. It's a it's a temporary solution
32:27
because you're just one election away from another administration
32:32
coming in and rehiring all those people, you know, again, right.
32:36
So I think really the long term solution of this is, is Bitcoin.
32:41
It is a non sovereign alternative to money because if
32:45
enough of the population adopts it, essentially it it it
32:51
provides a little bit of a check on their ability to print.
32:55
It provides a little bit of a check on their ability to
32:58
control people through money, right?
33:01
So, yeah, I mean, I'm really glad that the Overton is when
33:06
the Overton window is shifting. And, you know, the likes of Marc
33:10
Andreessen, Trump going on Rogan, Rogan dropping Bitcoin by
33:15
name, the likes of Tim Poole, Russell Brand, Rumble, basically
33:20
announcing yesterday that it's going to make Bitcoin part of
33:23
its Treasury strategy. The Overton window is shifting,
33:28
but it's not quite there yet. And one last thing that I'll say
33:32
about Rogan, because I was a little bit upset that Rogan
33:35
didn't invite Trump on his podcast.
33:37
He had he waited till last second and it was because of so
33:40
much pressure mounting from Dana White and Elon Musk.
33:43
But I will say this. Why hasn't Rogan had Michael
33:46
Saylor on, You know, Or Jack Mahler's or Max Keiser?
33:51
Like our American Huddle? Our American Huddle.
33:54
Like why? Has that not happened yet that
33:58
that should have happened already by now, right?
34:01
So, you know, this is the it's, it's, it's not surprising.
34:07
But at the same time that is not, we didn't sign up for that
34:12
as Americans. We did not sign up to a society
34:16
where a bureaucratic elite with no accountability because
34:20
they're not elected, they're appointed or they just get
34:23
hired, get to decide who should have a bank account and who
34:28
shouldn't have a bank account. And it's become abundantly clear
34:32
also that they've weaponized that system to go after certain
34:37
political opponents. That is nuts.
34:40
That is crazy. So anyways, that's what Bitcoin
34:44
fixes in the long term. But anyways, Paul, I want to get
34:49
your take on this. We were actually top talking
34:52
about this specific subject when you joined us on the news desk
34:57
at adopting Bitcoin with Tone Bays and Giacomo.
35:00
So I guess it's just a continuation of that.
35:02
What are your thoughts on all this we got?
35:04
We have a lot of experience in this BITE Federal, and I've got
35:07
a lot of personal thoughts on it as well.
35:10
Number, I mean #1 long before I ever became a part of BITE
35:14
Federal the boys there have lost hundreds of bank accounts.
35:20
It's the ATM business obviously is a heavy, heavy, heavy cash
35:26
business and you cannot just walk into any, any bank and
35:30
deposit hundreds of thousands of dollars right in in cash and,
35:35
and especially when those dollars are earned through a
35:38
crypto based business. So it took the opening and loss
35:43
of hundreds of bank accounts to finally find banks that would
35:47
work with us. There's a lot of a lot more
35:51
excessive fees in the processing of that cash that go beyond just
35:56
say even like like a restaurant that's heavy in cash just
35:59
because it's coming from the crypto space.
36:03
And then another more recent example in 2021, we were
36:08
actually, we had our wallet was on par with Cash App.
36:12
We were actually accepting, we had a live checking account that
36:17
was supported through Evolve Bank inside our non custodial
36:22
Bitcoin wallet. And when FTX went under and they
36:26
went through the industry and wiped out all the crypto banks,
36:29
we lost all of that infrastructure.
36:31
So we've been in the process now for the last year and a half
36:34
trying to rebuild that. And it's just recently that
36:38
we've been able to find banks that are will even take our
36:41
call. So, so we're excited about that
36:44
coming into the wallet again here in the near future.
36:48
But I mean, we probably dialed over 600 banks, went through
36:53
proper channels to just try and have discussions.
36:56
And when they found out we were in the Bitcoin and crypto
36:59
business, it was over, the call was done.
37:02
So it's real choke .2 point O is for is, is real.
37:07
It impacts the operations on a daily basis.
37:10
And I think we're gonna see big changes for that.
37:14
And that means there's a flood of crypto and Bitcoin related on
37:20
ramping technology that's going to be made available to the
37:23
public. That's going to be a huge shock
37:25
to the traditional financial system.
37:27
They're going to be scrambling to catch up because many of us
37:29
already have this stuff built. We're just waiting for the go
37:33
ahead to turn it back on. And that, and that's about to
37:36
happen in a big way here in the United States.
37:39
In regards to DOGE and, and what you're saying there, I just
37:42
wanted to add a little bit of my own opinion there.
37:45
I I think you know, DOGE is from what I understand, Elon and
37:49
Vivek are going to start a podcast and basically they're
37:52
going to shine a giant bright light on the corruption,
37:57
inefficiency and lack of oversight on the spending within
38:01
the government. And when the American people can
38:05
TuneIn to an accessible broadcast across numerous
38:09
channels that's uncensored and unstoppable and learn how their
38:14
tax dollars are going are really being spent or how they're not
38:18
being tracked. The the silly things are being
38:22
spent on the corruption and even the crimes, right?
38:27
It's highly likely that we're going to find that there are
38:29
agencies engaged in criminal activities with our tax dollars
38:34
that is going to forever change people's view of Fiat.
38:40
So once people understand that they're going to be demanding a
38:46
fair and truthful currency that has accounting built in and
38:49
that's Bitcoin. So I think this will light a
38:53
fire under the, the Bitcoin protocol and, and especially
38:57
within government. You're as a, as a congressman, a
39:00
senator, a mayor, you're no longer going to be able to just
39:05
hide behind the well. I don't, I didn't know they were
39:08
doing this. You're not that's not going to
39:09
be an excuse anymore because it's going to be all above board
39:12
and totally transparent. And if you are standing, they're
39:16
at the gates to try and prevent the people from from mandating
39:20
that the government use a truthful, accountable, honest
39:24
Ledger. You're going to be looked as a
39:26
part, looked at as you're as if you're a part of the problem.
39:29
So I think they're, the way they're going to handle Doge is
39:33
going to change the government in a massive way.
39:37
Beautiful, yeah. And can only help and I agree
39:41
with the transparency is the best, the best part, right?
39:46
And I think Trump proved that with this election, how he was
39:49
able to circumvent legacy media by going on podcast, which I
39:55
would say podcast is the mainstream media these days,
39:58
right? So for them being able to Vivec
40:03
and Elon just stream this directly to X and you know, a
40:07
whole lot of people are going to tune in.
40:09
Elon's one of the most followed people on the face of the planet
40:12
and what they're going to discover.
40:14
Is going to be insane, right. And just the I, I don't know if
40:18
you, if you heard about this Paul, but like there is a news
40:22
breaking. I think it was like a week or
40:24
two where the set where the Pentagon failed its 7th audit in
40:28
a row, hundreds of billions of dollars completely unaccountable
40:33
counted for mind you, they want to they want to literally audit
40:37
every $600.00 transaction that a citizen has.
40:40
Like it is the double standards is insane, right.
40:45
So I I but that take where you said that this that that that
40:50
those podcasts and that transparency is going to lead to
40:54
Bitcoin. That's the first time I've ever
40:55
heard that That's a very interesting take and let we'll
41:00
see what happens. I'm I'm very I hope you're
41:01
right. I hope you're right.
41:03
I hope that does happen anyways guys, there's no way.
41:06
There's there's no other triple entry accounting currency on the
41:09
planet. Exactly.
41:10
This is very true. This is the.
41:12
Only way you can implement a solution by just through
41:15
adoption. Exactly.
41:17
Exactly. Well, anyway, Nika.
41:19
Before you transition guys, there is over 2000 of you guys
41:24
watching. If you're on YouTube, smash the
41:26
like button. Let's get us over 200 like mark
41:28
in the next couple of minutes. Smash the like button where it's
41:31
only halfway through the show. Anyways, Nico, send it.
41:34
Yeah, absolutely. We're at 177 likes.
41:36
Help us break 200 likes and I think we might hit 500 live
41:39
viewer just on YouTube alone. So smash the like button guys.
41:42
It really, really helps pushing us in the algos.
41:45
We'll be right back. We're going to hit the news.
41:47
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get a discount on that. All right guys, so for the news
44:06
today, we have more and more news stories coming out for
44:11
Bitcoin in regards to as Niko likes to say, it is Friday, so
44:15
it's probably 5:00 somewhere. The Overton window is shifting.
44:19
So as you guys know, the chat game, you guys need to drink now
44:21
I know it's early for us, but maybe it's 5:00 for you guys
44:25
somewhere. Anyways, I'm trolling, I'm
44:26
trolling. So we got this coming out from
44:28
Dennis Porter and chance of the Dennis Porter, he has been
44:32
putting in the work with Satoshi Action Fund and he you know,
44:36
he's racking up the winds. Dennis Porter's racking up the
44:39
winds out there, guys. Every other Bitcoin policy, you
44:42
know, group, they might need to take a page out of Dennis Porter
44:45
because he's just he's putting in the overtime.
44:47
Anyways, what am I talking about?
44:49
So we got a Dennis Porter tweet, massive breaking.
44:52
After speaking with a lawmaker in Switzerland, I can confirm he
44:55
has officially passed legislation to study Bitcoin
44:58
mining with a sweeping majority of votes.
45:01
The study will focus on how Bitcoin mining can balance the
45:04
grid and utilize wasted energy. And he goes on to say, I was
45:07
able to speak with the lawmakers, Samuel Coleman
45:10
yesterday before the study passed and today it was
45:13
approved. It is a very exciting moment for
45:15
Bitcoin adoption in Switzerland. And he was happy to witness it.
45:19
And so he said, you know, if you want to learn a little more,
45:21
check out this link here. And so headline this says
45:24
initiative of the parliamentary group Bitcoin Swiss Canton of
45:29
Burn examines the integration of Bitcoin mining into energy
45:33
policy. Guys, we've come so far in the
45:35
last year from, you know, Bitcoin's going to boil the
45:38
oceans, Bitcoin's going to use more energy than what was it,
45:41
Nico, Denmark or Norway to now we've proven, at least in Texas.
45:47
And now we're going to prove, well, not US particular, but
45:50
Bitcoiners at large in Switzerland, that Bitcoin mining
45:54
may actually be a benefit to the stabilization of the grid.
45:59
It may actually even bring down the price of your energy and
46:03
electricity bills. But you know, everyone just
46:06
cares about the flood. Anyways, let's get into a little
46:08
bit of this article. So the Grand Council of the
46:10
Swiss Canton of Burn today approved by a large majority the
46:14
proposal to review the potential of Bitcoin mining for the
46:18
canton's energy policy. The initiative for a Canton
46:22
cantonal. I don't know I I can't speak
46:25
today the cantonal Bitcoin strategy On March 14, 2024, the
46:30
cross party parliamentary group Bitcoin submitted a
46:33
parliamentary motion to have the potential of Bitcoin mining
46:36
analyzed for the Canton of burn Quote.
46:39
The government cancel council is commissioned to prepare a report
46:43
that analyzes the potential of Bitcoin mining for the Canton of
46:45
burn. The report should primarily show
46:48
1 where energy remains unused in electricity production and the
46:52
Canton of burn to how this unused use energy can possibly
46:55
be used through Bitcoin mining, EG in cooperation with Swiss
46:59
Bitcoin mining companies and three, whether or how Bitcoin
47:02
mining can contribute to stabilizing the electricity
47:06
grid. The parliamentary group Bitcoin,
47:08
which includes 23 of 160 MPs in the Canon of Burning, justifies
47:13
its proposal with the commitment in other countries that have
47:15
already integrated Bitcoin mining companies into their own
47:19
energy policies as flexible and reliable electricity consumers
47:23
for otherwise unused energy, such as the model example of the
47:27
state of Texas. In addition, the Bitcoin mining
47:30
industry is one of the most sustainable and flexible
47:33
industries in the world, the motion states.
47:35
According to this, Burn could also have the potential to
47:37
become an attractive location for mining companies, which
47:40
could create jobs, promote the expansion of renewable energies,
47:44
and stabilize the power grid in the event of both power
47:46
shortages and overproduction. The Canton should position
47:50
itself with a view to the future and examine whether local mining
47:53
companies in Burns would be suitable in order to exploit the
47:57
corresponding synergies. And then, you know, the
48:00
government council at first requested a rejection, of
48:03
course, basically stating a lot of the flood lines we've been
48:07
hearing throughout the history of Bitcoin.
48:09
And then it actually got a majority of votes for the
48:12
motion. So moving forward we go quote
48:15
from Samuel Coleman, who as Dennis Porter just announced,
48:19
you know, pushed it through. He goes even though the debate
48:21
was heavily influenced by classic flood arguments and
48:24
missed the point, the proposal ultimately found a clear
48:27
majority. A majority of the SVPFDP center
48:31
green liberals and Edu factions decided against the will of the
48:35
government to demand this report.
48:37
Even in the left green camp, there were dissenting voices and
48:40
abstinations and this result an expression of the fact that the
48:43
narrative on Bitcoin is changing, which is what we've
48:48
been talking about constantly on this show as we've been covering
48:51
throughout the whole week. You know, we getting it from
48:54
nation state adoption of Bitcoin.
48:55
We're getting it on the local level in states in the US We're
48:58
getting this international push to adopt Bitcoin.
49:02
We're seeing corporations add Bitcoin to their company
49:05
treasury. We're obviously starting to see
49:08
that maybe your normie friends and family are starting to text
49:11
you and be like, wait, bitcoins at 100K, maybe I should buy
49:14
some. But as Nico loves to say on the
49:17
show, the Overton window is shifting.
49:20
And I forget when it was Nico. Remember I was trolling.
49:23
Maybe I still have it in here. Hashtag unplug.
49:26
I think it was Denmark or Norway.
49:28
I forget exactly which country it was.
49:31
But they were saying for the longest time in Bitcoin, you
49:34
know, the classic memes of they're going to boil the
49:36
oceans, Bitcoins going to use all the energy in the world by
49:39
2035, etcetera, etcetera, etcetera.
49:42
And then in Texas, you know, shouts out the riot platforms
49:45
out there, they're just showing that, hey, maybe this is going
49:48
to stabilize the energy grid. Maybe this is going to make your
49:51
electricity bills cheaper. And we even have the opposite
49:54
case happen. And I believe it was Norway this
49:57
year where they kicked out all the Bitcoin miners.
50:00
And then all the citizens realize, wait, why is my
50:02
electricity going up? Well, if you don't embrace
50:06
Bitcoin mining, you are doing a disservice to your country and
50:11
your local, you know, citizens and your state, your city.
50:14
And now we're getting more and more examples proving the
50:17
opposite, that it's not just about adopting Bitcoin on a, you
50:21
know, corporate treasury, nation state treasury, your personal
50:23
treasury and balance sheet. You also want to embrace Bitcoin
50:27
mining because it is actually good for energy production.
50:30
It's actually good for planet Earth.
50:32
And as I like to say, the people that fight energy use really
50:36
want to send you back to the stone ages.
50:38
And Bitcoin is really going to move us up the car to some
50:41
scale. And you're going to need to
50:44
embrace Bitcoin mining. We're going to proliferate
50:47
unused energy. Bitcoins going to stabilize the
50:50
energy grill. And I think this report coming
50:52
out, or rather the study coming out of Switzerland is going to
50:55
continue to bring more receipts and prove to everyone that, hey,
50:59
you need to embrace Bitcoin. It's not as bad as everyone's
51:02
been telling you. You know, once you break down
51:05
the layers of FUD, you start to realize, hey, all around when
51:09
you embrace Bitcoin, it is a good thing for everyone on
51:12
planet Earth and it is a necessity at this point.
51:15
You need to embrace Bitcoin on a personal level.
51:18
And now we're seeing more examples of it on an energy
51:21
level, on an energy policy level.
51:23
So this is huge for Bitcoin mining at large.
51:26
And obviously to continue to break down all of the classic
51:30
flood lines we've all heard throughout the years.
51:33
And man, Nico, I hate to say it twice on the show, but it does
51:37
feel like this time is different.
51:39
I mean bro. The orange man said it, Bro,
51:41
we're winning. Won't stop winning.
51:44
No, But in all seriousness, like, yeah, I mean, this is what
51:47
we've seen from, for example, for the largest energy company
51:54
in Japan, TEPCO made an announcement recently that they
51:59
are mining, mining Bitcoin with excess gas, the Kingdom of
52:05
Bhutan, which has 1/3 of their GDP in Bitcoin.
52:09
How gnarly is that, right? They teamed up with publicly
52:13
traded company Bit Deer to expand their mining operations
52:19
by a factor of 5. So it's so nuts you have
52:24
rumblings coming out of the UAE. I'm sure there's going to be
52:27
some crazy announcements at Bitcoin MENA coming up in
52:31
December. Shout out to our friends over a
52:33
Bitcoin magazine coming out of the UAE that, you know,
52:37
countries are looking into mining Bitcoin.
52:41
Russia just legalized Bitcoin mining again, right?
52:45
Even though it's of course where people were doing it, you know,
52:49
under the table, what not, you know, it's still estimated that
52:53
like roughly 10% of the hash rate is in China.
52:56
You have the governor of Texas coming out and saying, I want
53:01
Texas to be a Bitcoin Oasis. I I want Texas to be the Bitcoin
53:06
mining capital of the world. You have literally the future
53:09
president of the United States saying I want all bitcoins to be
53:13
mined in the US, Right. This is what Kaiser caught.
53:18
This is what Kaiser was talking about when he said the global
53:22
hash war. You're going to have all these
53:24
nation states, all these countries competing to either
53:28
buy as much Bitcoin as they can or mine as much Bitcoin as they
53:32
can. So again, you know, when this
53:34
news when on when this little news started happening like a
53:38
year ago when things started to trickle in, you know, I was
53:42
like, we, we would make a whole show about it.
53:45
The problem is that so much news every single day is confirming
53:50
that this other country halfway across the world is now getting
53:54
involved into Bitcoin somewhat. It kind of reminds me of that
53:58
line. I don't know how maybe I'm going
54:00
to butcher it, which it's like slowly at first and then all at
54:03
once. I think we're entering into the
54:06
all at once phase just because of how much is happening in such
54:11
a short amount of time. And I really think the catalyst
54:14
here was Trump getting elected. I really think that really
54:20
showed to the world that, OK, you know, if we don't start
54:25
mining Bitcoin, we we are putting ourselves in a
54:30
potentially a dangerous strategic point on a
54:34
geopolitical scale if we don't get if we don't jump on the
54:37
Bitcoin bandwagon. So yeah, I mean, it's awesome.
54:42
Shout out Switzerland. I was just there for Lugano.
54:45
Awesome conference. Shout out to the plan Plan B
54:47
guys. But I mean, does this any of
54:50
this surprise me? No.
54:52
And I think we're going to see a whole lot more of this news.
54:55
And of course, you guys are going to have to tune in at to
54:58
Simply Bitcoin because we're covering every single one of
55:01
these breaking news stories that's happening around the
55:03
world. You're witnessing, ladies and
55:05
gentlemen, the peaceful Bitcoin revolution take hold.
55:09
And this is the first innings of it.
55:11
And I'm so here for it. Anyways, I'm going to pass it on
55:13
to Paul. Paul as the CEO of Bite Federal,
55:17
What does this mean for you? Is this just a continuation of
55:19
the news that we've been seeing? What's your take?
55:23
So I I think big picture. 2000 or.
55:27
The last four years has been peak clown world.
55:31
And in Tratify, we call this reversion to the mean, right.
55:35
So I think we're just reverting to rationality again.
55:39
And so all, all of the rational arguments around Bitcoin mining,
55:44
around Bitcoin, as pristine collateral around Bitcoin as it
55:48
is the truth chain, all of those rational arguments are starting
55:52
to capture the high ground because they're true and because
55:56
it works. And so as people have become so
55:59
fed up with the, the clown world spin that has sent us off the
56:05
rails, not only in the US, but globally, people are looking for
56:09
where's the truth, where's the reality?
56:11
Where can we have an impact and where can things change?
56:14
And many of those things drive you towards Bitcoin.
56:18
So I, I, I think that's, we're just going to see more and more
56:21
of this kind of adoption around the globe.
56:26
Additionally, I, I think what we're, I, I, I think Bitcoin has
56:31
always been a way for the United States to recapture its
56:36
morality, to recapture the American dream, to recapture
56:42
our, our ability to lead as a country as opposed to create
56:48
pain and suffering around the globe.
56:50
And, and I, I, I see Bitcoin as a, as a way to return us to
56:54
that, that glory. So I think Bitcoin starts
56:58
America 2 point O you know, we, we could call it the MAGA
57:02
movement, but I think without Bitcoin it, it's hard to get it
57:06
off the ground. So moving Bitcoin into the
57:09
treasury, using Bitcoin morality and principles to shed light on
57:14
corruption, these kind of using Bitcoin to secure our, our
57:20
energy grid, to secure ourselves militarily.
57:24
And, and what I, what I mean by that is right is that, that if,
57:27
if you're not financially sound, you cannot protect yourself as a
57:30
nation. And, and unfortunately, over the
57:33
last 40 years, we've built a lot of enemies around the planet.
57:36
So there are there's lots of reasons to implement Bitcoin
57:41
other than financial it it's it's, it's a defense mechanism,
57:47
it's a growth mechanism, it's a transparency mechanism and it's
57:51
a truth mechanism. And if we can deliver with it
57:54
also at the same time deliver prosperity to our enemies, we
57:59
are going to all live in a much safer, healthier planet.
58:03
So for me, Bitcoin is America 2.0, and it's really wonderful
58:08
to see the Trump administration take an aggressive posture in
58:11
adopting it at these levels because I think that's how we
58:14
get there. Beautiful.
58:16
Yeah, I completely, I completely agree.
58:19
I think that this movement without Bitcoin is going to be a
58:23
tenth of its full potential. So I completely agree with that
58:27
guys. Stay tuned because we're going
58:29
to talk to Paul about BITE Federal.
58:32
BITE Federals mission is to utilize the unique financial
58:36
technology, technological revolution of cryptocurrency to
58:40
restore economic power and prosperity to the people.
58:43
It's sounds very similar to what we're all about here at Simply
58:47
Bitcoin. So we're really, really excited
58:49
to talk to Paul to talk talk, talk to him about what is BITE
58:53
Federal, what is the future of BITE Federal.
58:55
So everybody stay tuned for the culture.
58:58
We will be right back. To our.
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I also want to give a shout out to one of the best Bitcoin
1:00:38
conferences of the year, Bit Block Boom.
1:00:42
It's going to be April 3rd, April 4th, April 5th, and April
1:00:46
6th in Dallas, TX of 2025. Guys, you, you definitely don't
1:00:51
want to miss one of the best Bitcoin conferences of the year
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that isn't quite big enough, so you get lost in the sauce.
1:00:59
It's just the right size, so you have the opportunity to
1:01:02
potentially network with the Bitcoin companies you want to
1:01:04
work at or network with some of your favorite Bitcoiners.
1:01:08
In fact, the Bitlock Boom conference is the first
1:01:11
conference where me and Opti met in person.
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And this year is going to be very, very special because the
1:01:17
entire simply Bitcoin crew will be there.
1:01:20
Nico Opti, Dante Rustin, Sophie Jacob, all of us.
1:01:25
Perhaps you bring the the zoomers as well.
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You definitely don't want to miss Bit Block Boom 2025.
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And if you use promo code BBB 21, you'll get $100 tickets,
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$100 off of your tickets. All right, everybody, I do want
1:01:44
to open the conversation. I want to take advantage of the
1:01:46
fact that we have the CEO of Bite Federal in the house today.
1:01:51
We have Paul, we got to meet in person in El Salvador at the
1:01:55
Adopting Bitcoin conference. Paul, it's an honor to show.
1:01:59
I do want to highlight your company, BITE Federal.
1:02:02
What is BITE Federal? Who's it for?
1:02:05
I read the mission statement and man, I said we we invited the
1:02:08
right person onto today's show. Oh, thank you.
1:02:12
Thank you guys for having me. Love you guys and love the
1:02:15
energy in the show. It's awesome.
1:02:17
We so bifederal's been around since late 2016 and it got
1:02:22
started by three guys here in the Venice area, Venice, FL.
1:02:27
They started as a Bitcoin ATM company and right now currently
1:02:33
have about 1400 Bitcoin ATMs in the United States, about 60 in
1:02:38
Australia and four brand new as of last week in Surinam with
1:02:43
Maya Parvo. And so we're, we're hoping to
1:02:46
see that become the next great Bitcoin economy.
1:02:51
So the ATM is where we start and the ATM is, is really for me
1:02:54
looks like our brick and mortar pipeline for, for access to
1:02:59
Bitcoin for cash. But the bigger mission is to
1:03:03
build basically a suite of financial services around the
1:03:08
Bitcoin blockchain. We all believe that Bitcoin is
1:03:11
the premier financial collateral on the planet and therefore it
1:03:15
is going to become the bedrock of all your financial activity
1:03:18
moving forward. So you should have access to a
1:03:21
whole suite of financial services that interact with the
1:03:24
Bitcoin blockchain. So we're building a mobile
1:03:27
wallet #1 feature in the mobile. The mobile wallet does exist
1:03:32
today as a non custodial Bitcoin wallet and Lightning wallet, but
1:03:35
we're adding Bitcoin buys into the wallet.
1:03:39
So we hope that by maybe the end of December, if not early
1:03:43
January, you're going to be able to have a full-fledged checking
1:03:47
account with a routing number in our wallet.
1:03:49
You'll be able to on ramp Fiat into the wallet, use it just
1:03:53
like you would use cash app. So you have full checking
1:03:55
functionality in your wallet right alongside your non
1:03:58
custodial Bitcoin wallet where you get to control your private
1:04:01
keys. We don't custody anybody's
1:04:02
coins. So, so we'll be able to, you'll
1:04:05
be able to move Bitcoin back and forth or you'll be able to do
1:04:08
exchanges in wallet. You'll be able to send, receive
1:04:10
and custody your Bitcoin and, and Fiat in the wallet.
1:04:15
Right after that, the next mission is to bring a debit card
1:04:18
back in the wallet, which we, we, we had these features in the
1:04:21
past, like I like I described. So the debit card will be
1:04:24
connected to your checking account and you'll be able to
1:04:26
spend right out of your wallet. So you know, the mission or our
1:04:29
tag line is go bank yourself. And that's really what we're
1:04:31
trying to build everything you would need to be your own bank
1:04:35
and and Bitcoin being the center of that.
1:04:38
After that we've developed Apos system.
1:04:42
We have about 45 merchants right now in the United States using
1:04:45
our POS system. It's lightning and Bitcoin
1:04:47
enabled. And we have a web wallet where
1:04:52
you could, you can order an actual smart terminal if you
1:04:55
wanted to sit alongside your credit card processing machine.
1:04:59
The web wallet also tracks all your transactions, your cost
1:05:02
base, you can process returns, anything you need to do there on
1:05:06
APOS functionality. It's also a payment gateway, so
1:05:09
you could embed it in a shopping cart.
1:05:10
You can, you can. We're working on a streaming
1:05:13
platform, but people don't want to be able to accept lightning
1:05:15
through streaming SAT's during during a podcasting.
1:05:19
We're working with some people in Argentina that are that are
1:05:22
using that right now. The another great thing we're
1:05:27
working on is a real estate platform.
1:05:29
And so we have partnered with a, a company here in the United
1:05:33
States called NEO stands for new Estate only.
1:05:36
They're live in Florida and Texas right now.
1:05:39
You can go on their website and you can see that they work with
1:05:42
big developers and publicly traded companies that are
1:05:45
building big communities in Florida and Texas.
1:05:48
And soon in the not too distant future again, maybe maybe this
1:05:52
month you're going to start or in December you're going to
1:05:54
start to see Buy with Bitcoin featured in their site.
1:05:58
And when you click on Buy with Bitcoin, you'll be able to
1:06:00
process your escrow deposit and your closing payment on that
1:06:04
real estate through our platform.
1:06:06
So these are all things that are are currently in the works along
1:06:12
with, you know, of course we want to get into lending against
1:06:14
your Bitcoin. We have some of the stuff I
1:06:19
probably shouldn't even talk about, but we have some really
1:06:21
cool things coming down the road where you'll be able to notarize
1:06:25
documents, images, video right directly into the Bitcoin
1:06:30
blockchain so that you can store those crucial documents forever
1:06:35
and and a whole suite of other financial services.
1:06:38
Again, with the mission of that, you'll be able to bank yourself
1:06:41
and run your financial life on the Bitcoin blockchain through
1:06:45
our financial services. Incredible.
1:06:47
So it, it, it sounds like you're building a whole suite of of
1:06:52
products so that people can actually start living off their
1:06:56
Bitcoin rather than this on and off ramp, you know, kind of BS.
1:07:02
And then you're dealing with hostile banks that, you know, if
1:07:05
for example, I believe it was Chase that just like started de
1:07:09
banking people just because they, you know, decided to buy
1:07:13
Bitcoin on Coinbase or they would flat out tell you, you
1:07:15
like you can't send money to Coinbase at all.
1:07:18
What are you talking about? It's really.
1:07:20
Crazy. Whose money?
1:07:21
Is it bro? It's crazy, right?
1:07:24
Because like we, we would love to work with banks, honestly, we
1:07:30
would love to be able to partner with them or work with them, but
1:07:34
they're not, they don't treat us like, you know, a legitimate
1:07:38
organization. I think like again, like all the
1:07:40
stuff we talked about in 2025, we think that's all going to
1:07:43
change in 2025 and and we look forward to that because a good
1:07:48
banking partner that understands the industry and understands the
1:07:51
value of the Bitcoin blockchain is, is not if they just align
1:07:57
with the industry, they're going to do really, really well.
1:07:59
So a good banking partner love that a banking partner that is
1:08:05
constantly going up against you, trying to shut you down, get in
1:08:09
your way. Of course, that's that's a major
1:08:11
problem. We've been lucky enough to find
1:08:13
a few banks that have been just a joy to work with and they have
1:08:18
helped us get to where we are. So it's not all banks.
1:08:22
It's but, but there are a lot of banks in that are just afraid of
1:08:25
this industry, just like they're afraid of cannabis or they're,
1:08:28
they're afraid of other, other sectors of the economy.
1:08:31
And it's, and I've worked in those banks.
1:08:33
So I know it's coming from the regulator.
1:08:37
Many of them want to do this business and their regulator
1:08:41
won't let them or or put such massive hurdles in front of them
1:08:45
pursuing it that it's not worth it.
1:08:47
It's not worth their the risk, right?
1:08:50
So, so I think once those regulatory hurdles are removed
1:08:55
or regulation is clarified or they just simply look at us as a
1:08:59
legit business and because we can match, if not better the
1:09:03
regulatory hurdles that they're putting in front of us, it's
1:09:06
just a matter of them feeling comfortable that they can bank a
1:09:10
Bitcoin business. And once that happens, it's game
1:09:13
on. And I, I'm, I'm, I'm so excited
1:09:18
and, and This is why and we got a lot of heat for this Paul, but
1:09:21
we were talking about the importance of this previous
1:09:25
election and from a regulatory perspective.
1:09:28
And we were talking about I like, unlike guys like, and
1:09:31
then, you know, people get em. And I, and I empathize with
1:09:33
that. I understand, you know, orange,
1:09:36
orange man is not perfect, right?
1:09:38
He's got his flaws. But I, I kept saying I was like,
1:09:41
guys, like this is a two party system, whether you like it or
1:09:45
not, one party has been very hostile towards our industry.
1:09:50
And the more, the more is being discovered by the day, right?
1:09:54
I would say that in follow the rules at all.
1:09:58
And one party has made it part of their official party platform
1:10:03
that they're going to protect the industry.
1:10:06
And I was like, look, it's not perfect, but you have it.
1:10:08
You have a choice to make here. And you know, I'm very glad that
1:10:12
the election went in a certain way because as a, you know,
1:10:16
Bitcoin entrepreneur, we're we're a media play.
1:10:18
But as a Bitcoin entrepreneur, it's like, yeah, I mean, this
1:10:22
does affect you, especially if you are based in the United
1:10:25
States. So, you know, this is this is
1:10:28
pretty crazy. This is this is pretty nuts.
1:10:30
And I think it is very positive. And I do agree with you, Paul,
1:10:33
wholeheartedly that I think that things are going to change in
1:10:37
2025. Now, are we going to get
1:10:39
everything we want? I don't know.
1:10:40
But I it's, I think, I suspect it's going to be better than the
1:10:45
current regulatory environment under the current
1:10:48
administration. So and we don't need.
1:10:51
Protection, right? We just need.
1:10:53
We just. Need to equal we just need to be
1:10:56
the rules to be the same across the board and and equal and
1:11:00
equal access because I truly believe some of the smartest
1:11:04
people on the planet are in this industry and they can build
1:11:10
solutions to get us to where the the future is going.
1:11:16
They can make the United States a a premier place for crypto and
1:11:21
Bitcoin businesses going forward.
1:11:23
But we just need to have the same playing field as our
1:11:27
competitors. And that just hasn't been the
1:11:28
case. It's, it's literally been trying
1:11:30
to fight the, the some of the biggest financial institutions
1:11:33
in the world with a regulator that's hostile to you and with
1:11:37
one arm and one leg tied behind your back.
1:11:39
And we're still winning. So, so I, you know, I look at
1:11:44
when, when the, when the playing field is fair and equal,
1:11:49
everybody's going to be coming charging down the field with
1:11:52
amazing products and services and by federal's going to be one
1:11:57
of those players and it's going to benefit everybody on the
1:12:00
planet. If you want to take control of
1:12:04
your finance and control of your future and you want to, right,
1:12:07
the American dream is all about people of building a great life
1:12:11
for themselves the way they wanted to build it and and for
1:12:15
the benefit of their families, right?
1:12:17
Well, how hard is that to do today in the traditional
1:12:21
financial system? It's incredibly difficult,
1:12:25
right? I would say it's impossible.
1:12:26
But that's I would, I would say you are it's, it's difficult,
1:12:30
but I would say if you are a, a zoomer or millennial, it's, it's
1:12:35
flat out, I would say almost if I did not have Bitcoin like.
1:12:41
You know. I don't know what I would do.
1:12:43
Even if you are extremely successful, right?
1:12:46
Even if you're extremely successful, I would say you
1:12:49
still could not afford. And Paul, you know this, we live
1:12:52
in Florida, right? You could still not afford a, a,
1:12:57
a reasonable home, even if you're performing extremely well
1:13:01
at my age in terms of income. It's like the system is set up
1:13:06
where it's like you're not meant to own anything.
1:13:08
You can rent a place and you can have it a very nice place for,
1:13:12
for, for if you have a decent income, but forget about trying
1:13:16
to get a decent home, like, especially if you live in one of
1:13:19
like the like, like I live in Miami, right?
1:13:21
Like if I didn't have Bitcoin, like, Oh my God, I don't know
1:13:24
what I would be doing, right? So.
1:13:26
So yeah, I 100% agree with you. Sorry to interrupt you.
1:13:29
Oh, that's OK. Now, I have millennial friends
1:13:32
that are in the same boat. You know what, what do I do?
1:13:34
How am I ever going to afford a house?
1:13:36
How do I buy a house? And I, you know, you need to
1:13:39
just buy the Bitcoin. Just don't worry about buying
1:13:42
the house. Buy the Bitcoin because
1:13:44
Bitcoin's growing at 50% annually.
1:13:49
Your home, the best home you could buy, is going to average
1:13:52
6% annually. So.
1:13:55
So take that down payment on your home, buy Bitcoin, and at
1:14:00
some point you'll be able to afford a home you never thought
1:14:02
you could afford. Amen.
1:14:04
And that doesn't. Even come into the, the bigger
1:14:08
discussion of demonetizing real estate, that we could see real
1:14:13
estate become cheaper down, down the road, right, 'cause you know
1:14:18
that we're just trying to keep things simple in these, in these
1:14:20
early orange pill discussions. But then when you start to
1:14:25
realize the growth rate of Bitcoin, let's just say Bitcoin
1:14:30
starts with keeping up with inflation, then you have
1:14:33
monetary devaluation, then you have adoption globally by
1:14:39
people, states, sovereigns, militaries, on and on and on.
1:14:47
The growth rate in Bitcoin isn't going to slow down for for many,
1:14:51
many decades. So we're still so early and just
1:14:55
store of value adoption, which is why by federal, we're focused
1:15:00
on the ATMs in wallet purchases, web purchases, and then after
1:15:06
that lending and POS and, and, you know, medium of exchange.
1:15:12
But the, I mean, the priority is people still need to get Bitcoin
1:15:16
on their personal balance sheet. That should be everybody's main
1:15:19
priority. And if you haven't woken up to
1:15:22
that yet, it's not too late. I hear so many people.
1:15:25
Well, you guys said it earlier, right?
1:15:27
I've gotten 3 phone calls in the last month of like, do you think
1:15:31
I should get Bitcoin, right? These are people that have known
1:15:34
that I've been in Bitcoin for some time and and that I talked
1:15:36
to about it on a regular basis. And, and like they're being
1:15:39
triggered. Either they're being triggered
1:15:41
by Trump or they're being triggered by the price or
1:15:42
they're, you know, being triggered by it being more
1:15:45
prevalent in the news. But I'm hopeful because this is
1:15:49
very early to be getting those calls in a bull cycle.
1:15:53
Usually I get those calls near the top and we're just breaking
1:15:58
into all time highs and we know from the cycles and we know from
1:16:03
the amount of news flow that's happening around the globe that
1:16:07
we could have quite a ways to go before we hit the top.
1:16:11
But so, you know, you try and lead those people into a long
1:16:14
term acquisition mindset not oh, I'm going to buy it, sell it and
1:16:20
then get my house. I'm going to buy it, sell it,
1:16:22
then get whatever they're trying to get.
1:16:25
You really have to take care of those people, right?
1:16:28
We want them to become Bitcoiners.
1:16:30
We want this to benefit their, their entire life, their family,
1:16:34
their future generations, not just just to get XYZ item.
1:16:39
So, so it starts with Hodling, then at some point we're going
1:16:44
to move into medium of exchange and all the financial services
1:16:49
that that are built around that. But there's still so much to do
1:16:52
in just getting Bitcoin in people's hands 100.
1:16:55
Percent 100%. Well, Paul, we are getting to
1:16:58
the top of the hour and I do want to take advantage of the
1:17:01
2167 of you guys watching live between YouTube and X and the
1:17:06
roughly 100 of you guys watching live on Rumble.
1:17:09
Paul, do you have any last words for the audience?
1:17:12
If anyone's just tuning in, smash the like button, you're
1:17:16
you're listening to Simply Bitcoin, Nico Opti and we have
1:17:19
Paul, CEO of Byte Federal joining us today as a guest.
1:17:22
Paul, all yours. I guess, you know, if I was
1:17:26
going to leave a message for people about Bitcoin, it, it, it
1:17:30
really is, it's, it's a financial hack, that's obvious,
1:17:34
but it's a life hack also. And I think once, once you start
1:17:38
to stack Bitcoin, you will, you'll start to achieve an
1:17:44
amount of wealth that you you may have never thought possible
1:17:48
if you commit to it, right? It's like anything like if you,
1:17:50
if you do a diet for a week, you lose some weight, you gain it
1:17:53
back, you do diet for a year, you could probably permanently
1:17:57
lose that weight. You do a diet for four years,
1:18:00
you're gonna be in incredible shape.
1:18:02
Bitcoin's the same way. If you start stacking and you
1:18:05
stack long term, you'll turn around 4 years from now and
1:18:09
you'll be blown away at the amount of wealth that you
1:18:11
acquired by saving $25.50 dollars, $100 a week or a month
1:18:16
or whatever you can do. It doesn't matter.
1:18:19
You don't, you don't have to be Michael Saylor.
1:18:21
It will have a dramatically positive impact on your life at
1:18:25
whatever dollar amount you can add to the network.
1:18:29
And when I say like that's obvious from the financial
1:18:32
perspective, but it's going to change your mindset.
1:18:35
You're going to go from, from this Fiat mindset of racing to
1:18:41
the end to a whole different mental perspective of I have
1:18:46
built wealth, I have bettered myself, I've bettered my
1:18:49
family's position. And you're going to start to
1:18:52
think long term about all the great things you can achieve in
1:18:55
this lifetime. You're going to move from
1:18:59
nihilism to a positive mindset that's going to attract great
1:19:03
things in your life. All you have to do is stack a
1:19:08
little bit and do it consistently and do it with
1:19:11
faith and it will work. So I really believe Bitcoin has
1:19:16
far better impacts or bigger impacts for humanity than just
1:19:19
finance. And if you get rich along the
1:19:22
way, if that's your motivation, God bless you, that's going to
1:19:25
be awesome. But at the end of this, you're
1:19:27
going to turn around and you're going to be like, holy smokes,
1:19:30
it has completely changed my life, so get on board.
1:19:35
Love that. Love that.
1:19:37
All right everybody, this was simply Bitcoin Live for November
1:19:40
29th, 2024. I hope you guys have an amazing
1:19:43
Thanksgiving weekend. Also, it is Black Friday, so we
1:19:49
do have a special promo code for you guys.
1:19:51
Stamp seed. If you use simply over the
1:19:53
weekend, you not only got 15% off, you get 21% off.
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So get your head over to stampse-ed.com today.
1:20:01
If you guys enjoyed the show, smash the like button and
1:20:03
consider subscribing. I'm your Co host, Nico, a
1:20:07
legendary host Opti, who's in the host seat today.
1:20:10
He's going to be taking the host seat every Friday, by the way,
1:20:13
because he's been crushing it. Wait, wait, wait, That means.
1:20:17
That means maybe we'll get memes back.
1:20:19
I'm the captain now. We might be getting memes back
1:20:23
and don't. Hold me to.
1:20:24
It though don't hold me to it and of.
1:20:26
Course our guest, Paul, he's the CEO of BITE Federal.
1:20:30
Head over to bitefederal.com today to find out more
1:20:34
information. All right.
1:20:36
Everybody we. Are simply Bitcoin and we'll see
1:20:38
you on the next one. Paul, if you can hang out 30
1:20:41
seconds backstage, here we go. Brought to you by
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1:20:49
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