Latest / Simply Bitcoin / What is Bitcoin's Full Price Potential, $1M by 2030? | EP 848

Transcript

What is Bitcoin's Full Price Potential, $1M by 2030? | EP 848 · Simply Bitcoin

• 0:08
  It's all going to zero against Bitcoin.
• 0:12
  It's going up forever, Warren. You're against Bitcoin.
• 0:21
  You're against freedom. Yo, welcome to another episode
• 0:27
  of Simply Bitcoin Live. We are your number one source
• 0:30
  for the peaceful Bitcoin revolution.
• 0:32
  Recovered Breaking news. Culture, Matic Warfare.
• 0:34
  We will be your guide through the separation of money and
• 0:38
  state. Got to fix my green screen a
• 0:41
  little bit, but yeah, guys, it's it's pretty crazy.
• 0:45
  So Kathy Wood, she's the founder.
• 0:49
  Of Ark Investment, she went on Natalie Burnell's podcast called
• 0:54
  Coin Stories. Great podcast, highly recommend
• 0:56
  it. And Natalie asked Kathy Wood
• 1:00
  about this report that we've covered on the show many, many
• 1:05
  times about what the expectation of where bitcoin's price is
• 1:11
  going to be by the year 2030. And Kathy Wood's report broke it
• 1:17
  down into three separate cases. The bearish case, the, you know,
• 1:21
  the mid case and then the bull case.
• 1:24
  And she kind of breaks it down. So we'll pay you guys about a
• 1:27
  clip of the Natalie Purnell podcast.
• 1:30
  If you guys wanna watch the full thing, check out the video
• 1:32
  description and then we're gonna talk about during the news
• 1:36
  segment. Another propaganda hit piece
• 1:40
  from the New York Times. And what we're going to do is if
• 1:43
  you just read them by themselves, they don't really
• 1:46
  tell you much. But if you connect the dots and
• 1:49
  you look at the historical, I don't want to say performance,
• 1:55
  but the historical behavior of the New York Times, the
• 1:58
  so-called paper of record, Parker Lewis.
• 2:04
  When he came on simply Bitcoin IRL, he said something really
• 2:06
  interesting because I brought up the legacy corporate media and
• 2:10
  his answer, it wasn't my answer. This Parker Lewis's answer.
• 2:13
  He says no, and you go, they're not legacy corporate media,
• 2:15
  they're government media. And the New York Times has a
• 2:19
  history of covering up state atrocities, and this goes back
• 2:26
  to the early 1900s when the Soviets initially took power.
• 2:33
  There was, there was a New York Times reporter stationed in
• 2:39
  Moscow and he purposely hid the Ukrainian genocide, the Hol
• 2:46
  Holmador. And he reported to the New York
• 2:52
  Times that, you know, the Soviet experiment was, was, was
• 2:56
  wonders. It was.
• 2:57
  It was. It was amazing for the world.
• 3:00
  And it wasn't until the 90s that the New York Times apologized
• 3:03
  that this guy was covering all of this stuff up.
• 3:08
  Also, in the 2000s, the New York Times was the paper that
• 3:13
  reported that Iraq supposedly had weapons of mass destruction,
• 3:17
  right? This is the same New York Times
• 3:20
  that is saying that, you know, it's reporting that Elizabeth
• 3:24
  Warren is saying that Bitcoin could potentially be used for.
• 3:29
  For, you know, for Russians to circumvent U.S. sanctions, This
• 3:33
  is the same New York Times that released the infamous propaganda
• 3:37
  hit piece that Walter, America did Such a good, great job, you
• 3:41
  know, fighting back with the, you know, stop the presses, you
• 3:46
  know, Twitter account. But this is the same New York
• 3:48
  Times that, you know, basically said that New York that Bitcoin
• 3:52
  mining was bad for the environment.
• 3:53
  Pierre Richard made that really famous video.
• 3:56
  Where, you know, he took ACO 2 meter, he put it behind the a
• 3:59
  six and say look, a six, don't emit CO2.
• 4:03
  It was total deadpan comedy. It was absolutely hilarious.
• 4:06
  And then the New York Times used the community note feature to
• 4:10
  Fact Check that video. But if you looked at the sources
• 4:13
  that they used to Fact Check that video, they used the New
• 4:18
  York Times themselves. So they used their own sources.
• 4:21
  Now we came together as a community, right?
• 4:24
  You know, I put up a tweet that said, guys.
• 4:26
  You know, downvote that community note and eventually
• 4:29
  that community note got removed. And that sucks for a lot of
• 4:33
  these legacy media organizations that really have been Co opted
• 4:37
  by special interests, by governments, by very powerful
• 4:40
  international organizations, because the Internet has
• 4:45
  democratized the information game, right?
• 4:48
  So if you and any person, any, any average Joe.
• 4:52
  You could buy a microphone, buy a camera, and if they're a
• 4:56
  talented content creator, they can grow an audience.
• 4:59
  And what what tends to happen is you're you're going to see
• 5:02
  millions of individual content creators, you know, like spout
• 5:07
  out around the world no matter where they are.
• 5:10
  And people are going to listen to them because they're actually
• 5:15
  telling the truth and what the legacy corporate media has been
• 5:18
  doing for the last couple of years.
• 5:20
  Is like, I can't say this is a blanket statement, but let's
• 5:23
  just say a lot of the things that they claimed and they said
• 5:28
  were going to happen turned out to be completely wrong, whether
• 5:32
  that's on the political side of things.
• 5:34
  But let's just stick to Bitcoin. For example, look at how much
• 5:38
  they attacked El Salvador. Look at how much they attacked
• 5:41
  Xavier Miley, right? Do they Are they really
• 5:46
  reporting on facts or do they have political motivations to
• 5:49
  report? In such ways.
• 5:51
  So today we're going to cover multiple New York Times
• 5:55
  articles. I want to show you on timeline
• 5:58
  methodically, you know all their little pieces.
• 6:01
  You know from A-Z, their attacks or methodical attacks on
• 6:06
  Bitcoin, Most importantly, their rhetoric and their spin.
• 6:10
  It's really important that you pay attention to their wording,
• 6:13
  their wording, and their rhetoric.
• 6:15
  Because this is what the enemies of Bitcoin are thinking, and
• 6:19
  these are the words that they're crafting in order to convince
• 6:24
  the uninformed public, right? That's what they hope this is.
• 6:28
  This is why we say this is narrative trench warfare on the
• 6:31
  battlegrounds of the Internet. This is not kinetic war.
• 6:35
  This is information war. This is about winning over the
• 6:37
  hearts and minds of people. And there are two teams, right?
• 6:41
  Two teams. There's Team Green, which is the
• 6:44
  team of Central bank digital currencies, slavery, poverty,
• 6:50
  Nihilism, versus Team Orange, which is Team Freedom, Team
• 6:55
  Optimism, Team Prosperity, Team Censorship Resistant, Team
• 7:00
  Opportunity, which is Team Orange or Party Orange.
• 7:04
  And that, of course, is Bitcoin, right?
• 7:06
  And over time. I know the battle lines are a
• 7:09
  little bit obfuscated right now, but you're either gonna be on
• 7:12
  the side of central banking or you're gonna be on the side of
• 7:15
  Bitcoin. That's your decision anyways,
• 7:18
  everybody, no more delay. I wanna bring up my very special
• 7:21
  cohost, always optimistic. How you doing Opti bro?
• 7:25
  The the we were we were just chatting in our in our Slenner
• 7:29
  in in the Simply Slack last night and we made the most
• 7:32
  amazing meme of Opti. I don't know.
• 7:35
  I don't know if we're gonna show that today during the show.
• 7:38
  Now I think I'll drop. I think I'll drop it on the
• 7:41
  Twitter later, dude. But, but that was one of the
• 7:46
  funniest things I have seen. You know Copernicus is going to
• 7:51
  feel very slighted because it is it is on the edge there.
• 7:55
  It is a little iffy but it was a good meme.
• 8:00
  Shout out to selfie for trolling me but but yeah on the point
• 8:05
  that you were talking about I actually went down a little
• 8:08
  rabbit hole and I and I thought I was going to kind of be coming
• 8:10
  from left field on this one today.
• 8:13
  But I I did a deep dive. Well not really a deep dive just
• 8:17
  kind of like a a semi deep dive. I I didn't do a full breakdown
• 8:21
  takedown but I was wondering you know what and who owned all the
• 8:27
  media companies and and it and was going to angle it towards
• 8:30
  the importance of independent content creators and and the
• 8:32
  power that you guys have out there and you know you come on
• 8:36
  today and and and you're basically talking about the same
• 8:38
  thing. So I I'm excited for this one I
• 8:41
  I'm glad I didn't just come from left field I I think today's
• 8:43
  episode will be a little less Bitcoin focused and a little
• 8:46
  more independent content creator focused and you know what are we
• 8:50
  but an independent media company.
• 8:52
  So this one might be a little different for the culture, but I
• 8:55
  think it's important to remember that the information is
• 9:01
  controlled from the highest levels.
• 9:03
  And This is why you don't necessarily see the truth
• 9:06
  propagate around society and the importance of the uphill battle
• 9:10
  that we had to continue to spread the truth and continue to
• 9:13
  spread that signal. So this one's going to be
• 9:16
  interesting. I'm, I'm going to be excited to
• 9:18
  get Nika's take on this one as well.
• 9:20
  So let let's get into this. Yeah, absolutely.
• 9:22
  And remember, this is isn't just, you know, bitcoiners
• 9:26
  online. You know, screaming this from
• 9:28
  the rooftops. Remember Naimbu Kele's very,
• 9:31
  very famous article that was published on Bitcoin Magazine?
• 9:36
  Don't drink the elites kool-aid. He said that their most
• 9:39
  important weapon is their control on truth and they'll do
• 9:44
  everything and anything to keep it.
• 9:45
  Prints, confiscate everything. Everything, everything,
• 9:49
  everything to control. Their maintain on their to
• 9:52
  control. The truth, the narrative, right.
• 9:55
  Because I don't think the truth is on their side.
• 9:58
  I I think that, you know, once the genie gets out of the
• 10:00
  bottle, that money can exist that doesn't steal from you.
• 10:06
  That's gonna be very, it's gonna be a very, very difficult
• 10:09
  conversation for them to have with with the populace.
• 10:13
  I don't know how they're gonna be able to defend that.
• 10:16
  So anyways, it's gonna be a great show everybody.
• 10:20
  Strap yourselves in. Let's jump straight into
• 10:23
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• 10:28
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  promo code simply at the time of recording the Bitcoin price is
• 11:46
  28,335. SAT's per dollar 3529 Block
• 11:53
  height 812,775 blocks to having 727 thousand 225 having estimate
• 12:02
  April 21st, 2024 Total Lightning Network capacity 5351 Bitcoin
• 12:09
  capacity value 151 million U.S. dollars Realized Monetary
• 12:14
  inflation 1.74%. The total market capitalization
• 12:19
  of Bitcoin In the grand scheme of things, Bitcoin is still a
• 12:22
  tiny little baby. 553 billion U.S. dollars?
• 12:28
  That's Billion with a B Bitcoin versus gold market cap 4.26%.
• 12:35
  Again, my favorite statistic I say it every single day is a
• 12:39
  realized monetary inflation. Because it continues to take
• 12:42
  Fiat currencies to absolute school.
• 12:44
  It embarrasses them. Even if they get it back to that
• 12:47
  magic 2% number that they have no idea why I should be set
• 12:51
  there. Guess what?
• 12:55
  Bitcoin is still lower and it's it's going to go down forever
• 12:58
  because of the halvings anyways. So this is what I wanna talk
• 13:01
  about today. Before I get back to this
• 13:03
  document, I'll play you guys a clip from Natalie Burnell's
• 13:05
  podcast. Coin Stories link is in the
• 13:07
  video description, but this is what we're gonna talk about
• 13:10
  today. And this is Arc's estimates
• 13:15
  based on their research, and it breaks down how they got to
• 13:19
  these numbers. The title of this this slide
• 13:24
  from this research paper is called Bitcoin is likely to
• 13:27
  scale into a multi trillion dollar market.
• 13:31
  The bear case is 258,000. The base case is 682,000.
• 13:38
  The bull case is 1.48 million. Right.
• 13:43
  So let's move on to the clip from Natalie's podcast.
• 13:48
  I'm gonna play you guys about a minute or so.
• 13:50
  Natalie just asked Kathy Wood about that image that I showed
• 13:56
  you. Let's see what Kathy has to say.
• 13:58
  Yes. If you look at the little table
• 14:01
  on that page, you'll see the building blocks and how
• 14:06
  conservative they are. I think now this is from memory
• 14:12
  and sometimes I get one big ideas and another mixed up.
• 14:18
  But I think the institutional allocation to Bitcoin in the
• 14:23
  base case, I know at one point we said 2 1/2%.
• 14:28
  That may have gone down a little, but if we're right, if
• 14:33
  we're right, that assumption alone I have been in the markets
• 14:36
  for a long time. And as new asset classes evolve,
• 14:42
  what institutions do in particular is they tiptoe in,
• 14:46
  they start with 1% and and then they and then they migrate to
• 14:53
  two and then they migrate to five.
• 14:57
  So I think in this one it's 2 1/2% for the base case when
• 15:03
  there's a new asset class. It tends to end up in the 5 to
• 15:07
  6% range. This happened to real estate, It
• 15:13
  happened to private equity, venture capital, which is now
• 15:15
  much more than 6% in many institutional funds.
• 15:22
  It happened to the whole category of emerging markets.
• 15:27
  And so I I think it's that that one alone is very conservative.
• 15:34
  And if you look at another one, the corporate balance sheets,
• 15:42
  Tesla, Square have a Bitcoin on the balance sheets.
• 15:47
  But we we make very cautious assumptions and I think the
• 15:53
  corporate treasury assumption is 2 1/2% of all cash and cash
• 15:59
  equivalents in Bitcoin and the bull case is 5%.
• 16:04
  If we're right and the purchasing power of Bitcoin
• 16:08
  becomes so obvious in the years ahead, meaning the the
• 16:13
  purchasing power goes up, instead of cash dollars staying
• 16:18
  pretty flat if not in real terms, deteriorating, then more
• 16:24
  and more corporate treasuries are going to be putting Bitcoin
• 16:29
  on their balance sheets. So.
• 16:32
  Like. Absolutely.
• 16:34
  Spot on from from Kathy Wood. And again shout out to Natalie
• 16:37
  for having that interview. So let's go back to this, this
• 16:41
  sheet, right. Let's let's kind of analyze what
• 16:43
  she was talking about. Right.
• 16:45
  So let's break it down. Bear case, right.
• 16:50
  Cigar or kagar or segur, depending on how you wanna
• 16:57
  pronounce it. Kager.
• 16:59
  Thank you, Opti. I appreciate it, Opti.
• 17:01
  Thank you. All right, So wow, this show
• 17:05
  would be a disaster if Opti wasn't here.
• 17:09
  And I can hardly speak English as.
• 17:10
  Well, man, man, I rescue you sometimes too.
• 17:13
  All right, so let's break it down.
• 17:17
  The bear case, right, so $258,000 Bitcoin by 20-30, I
• 17:21
  think we could all say that, you know, I would be quite
• 17:24
  disappointed if that was, you know, the price of Bitcoin
• 17:27
  after, you know what, 7 years, I'd be honest with you, but
• 17:30
  let's see how it would get there.
• 17:32
  So corporate treasury in the bear case, it would be 0%.
• 17:37
  That's not already the case I mean.
• 17:39
  The Banco Sailor and Tesla already have Bitcoin on their
• 17:42
  balance sheet. So I'm like I'm pretty confident
• 17:46
  that especially next bull market that it's going to be incredibly
• 17:50
  obvious that it's a good move. Then there's a remittance asset.
• 17:55
  The bear case is 5%, then the National Treasury is 0%.
• 17:59
  Now that one, I'm kind of iffy on.
• 18:02
  Like, you know, are we talking about the National Treasury of
• 18:04
  El Salvador? Did you guys know by the way,
• 18:06
  that the US government is the largest holder of Bitcoin?
• 18:08
  Like one of the largest holders of Bitcoin?
• 18:10
  The last time I checked that they had like 250,000 Bitcoin
• 18:12
  that they haven't sold yet. Then there's a emerging market
• 18:16
  currency .5%. Then there's the economic
• 18:21
  settlement network, 1%, seizure resistant asset 1%,
• 18:24
  institutional investment, 1%, digital gold, 20%.
• 18:30
  So I mean, that's the bear case. And I and I can see why it's a
• 18:33
  bear case, 'cause these aren't crazy like, you know,
• 18:36
  astronomical numbers. Now the base case for corporate
• 18:40
  Treasury's 2.5%, that's nothing. And Kathy Wood was talking about
• 18:44
  it just just now, not too long ago.
• 18:45
  She says, Yeah, initially when there's a new asset, you know,
• 18:49
  institutions start off very small and then when they get
• 18:52
  comfortable with it, then they start to increase their
• 18:54
  holdings. So remittance asset 10%, I I
• 18:58
  think that's a little high to be honest with you.
• 19:01
  National state treasury 1%, I think that's OK.
• 19:04
  Emerging market currency 3%, I think that's low in my opinion.
• 19:09
  Economic settlement settlement network 5%, seizure resistant
• 19:13
  asset 3%, institutional investment 2.5% that's a you
• 19:18
  know that's not a that's a realistic number.
• 19:20
  Digital gold 40%. Now the bull case.
• 19:24
  Even though it's the bull case, the numbers are still not that
• 19:28
  crazy either. Corporate treasuries 5%,
• 19:31
  Remittance asset 25%, that is pretty high.
• 19:35
  National state treasury 5%. That's pretty high.
• 19:37
  Emerging market currency 10%. I would say it's realistic.
• 19:41
  Economic settlement network 10% Seizure resistant asset 5%
• 19:46
  Institutional investment 6.5. And digital gold 50%.
• 19:51
  I think the digital gold, like Bitcoin is clearly better than
• 19:54
  gold. Like I I I think that that's
• 19:56
  gonna happen a lot faster than than people anticipate in my
• 20:00
  opinion. So yeah, so that's how you would
• 20:03
  get to these numbers. 258K by by 20 Thirty 682,000 by 2030.
• 20:13
  Or 1.48 million by 2030. Now let's kind of zoom out like
• 20:18
  what is the what is the end game?
• 20:20
  What is the end game of Bitcoin? And I always go back to how
• 20:24
  Finney's prediction back in 2009, Rest in peace, how Finney
• 20:32
  Absolute Legend started it all. Truly, and this is what he said
• 20:39
  and he and he originally posted this on on the original Bitcoin
• 20:43
  forum. I think it's like talk Bitcoin
• 20:45
  forum, something that was very instrumental.
• 20:48
  That forum, it was very, very important in the early days of
• 20:52
  Bitcoin. That's how people talked and and
• 20:56
  had conversations. So he goes on to say how, as as
• 21:01
  an amusing thought experiment, imagine that Bitcoin is
• 21:03
  successful and becomes the dominant payment system in use
• 21:07
  throughout the world. Then the total value of all the
• 21:10
  currency should be equal to the VAT total value of all the
• 21:13
  wealth in the world. Current estimates of total
• 21:15
  worldwide household wealth that I have found range from 100
• 21:19
  trillion to 300 trillion. With 20 million coins, that
• 21:23
  gives each coin a value of about 10 million.
• 21:26
  So the possibility of generating coins today with a few cents of
• 21:30
  compute time may be quite a good bet with a payoff of something
• 21:35
  like 100 million to 1. Even if the odds of Bitcoin
• 21:39
  succeeding to this degree are slim, are they really 100
• 21:42
  million to one against? Something to think about?
• 21:46
  And this kind of reminds me of one of Satoshi's quotes, which
• 21:49
  is it might be a good idea to get some just in case it catches
• 21:54
  on How Finney absolute legends. He nailed it.
• 22:00
  And think about it at that moment in time, it literally
• 22:03
  costs a few pennies just to mine.
• 22:07
  What was the first initial block subsidy?
• 22:09
  50 Bitcoin. That's fucking crazy.
• 22:14
  Anyways, I think in the future, by the way, for anyone who feels
• 22:19
  like, hey, you know, they missed the boat, I think you're going
• 22:22
  to be looking at these prices 10 years from now.
• 22:26
  Well, it's just 2009, right? So you know 2019, right?
• 22:32
  That was the full 10 years. So it's you're gonna be looking
• 22:35
  at these prices. I think I'm calling it like
• 22:38
  203020322033 and you're gonna be like, remember when Bitcoin was
• 22:44
  at 28? K Holy cow.
• 22:47
  I really believe that it's really hard sometimes to zoom
• 22:50
  out. There's like really, really
• 22:53
  famous like stories like horror stories of like and Pete Russo
• 22:56
  does an incredible job doing documenting this and stuff of
• 23:00
  literally people complaining like, hey, well, I missed the
• 23:03
  boat. I got Bitcoin for $3.
• 23:06
  I didn't get it for for for half, for $0.50.
• 23:09
  Like I missed it. Oh, bitcoins, too expensive.
• 23:12
  It's at $100, like I missed the boat.
• 23:16
  And yeah, like, you know, if you if you wanna know what's gonna
• 23:21
  happen in the future, you know it's a good idea to look back in
• 23:25
  the past. You know, it's not necessarily
• 23:29
  mean that you know the future is gonna repeat what the past did,
• 23:33
  but what's that famous saying? History doesn't repeat, but it
• 23:37
  often rhymes. Anyways, Opti, what's your take
• 23:39
  on all this, brother? Well, my trolley take at first
• 23:43
  is it's going up forever, Laura. And those are rookie numbers in
• 23:49
  Track it. Wait a second, guys.
• 23:53
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  We're live streaming on Rumble and Twitter as well, so check us
• 24:23
  out on those platforms and we appreciate all you guys on
• 24:27
  Rumble and Twitter and of course our YouTube audience as well.
• 24:30
  Anyways, Opti, sorry to hijack that, yeah.
• 24:33
  Dude, you ruined my soundboard, bro.
• 24:34
  You ruined the soundboard. You're such an old fart now
• 24:38
  anyway. Seriously.
• 24:40
  Personally, are we gonna have a soundboard off right now?
• 24:45
  No. OK, all right.
• 24:49
  Anyways, Anyways, seriously. Seriously here.
• 24:52
  One mill by 20-30. To me personally it seems very
• 24:55
  bearish and and we have a few bears in the chat saying that
• 24:59
  one mill by 20-30 is copium and opium.
• 25:03
  I kind of take the other side, but of course guys, you know I
• 25:06
  am bullet hearted. I am, I'm as bullet hearted as
• 25:08
  they come. I am convinced that Bitcoin will
• 25:11
  become the world reserve currency.
• 25:13
  And yeah, what you say 7 years from now, 1,000,000 is probably
• 25:18
  a very conservative take. I I do think it, it'll probably
• 25:21
  be higher, but again, did you just say it will be higher than
• 25:25
  1,000,000 by 2030? Kind of.
• 25:27
  I just, I'm I'm telling you I'm being both hearted.
• 25:29
  I I just I inherently feel like that is wrong.
• 25:32
  But of course, it's a conservative take.
• 25:34
  And even a million, even 1,000,000 by 2030 is still
• 25:37
  pretty bullish. If you think about it, I'll be,
• 25:40
  I'll be, let's have this discussion, fuck it.
• 25:43
  I think like personally like I would say half a million is like
• 25:47
  what I would like a realist. 27 years, Yeah.
• 25:51
  Half a million like a. Realistically, 2 cycles like a
• 25:54
  realistic expectation, like half a million.
• 25:56
  I would be disappointed if it wasn't at half a million or 400
• 26:01
  to half a million by 20-30. That's like I would expect it to
• 26:05
  be around that range. Wow.
• 26:07
  Well you heard it here first guys.
• 26:08
  Niko's a bear. I am obviously very bullet
• 26:12
  hearted. Niko's a little more pragmatic.
• 26:14
  Bitcoins, it's oh man, the word's slipping my mind right
• 26:18
  now, but it's binary, meaning like it goes up or it fails.
• 26:23
  Like it has to go go up, right? But you know, having these,
• 26:27
  there's obviously diminishing returns.
• 26:29
  The reason that there's diminishing returns is because,
• 26:32
  think about it, for it to get from a dollar to $2.00 is a lot
• 26:36
  easier for it to double from 30 to 60 K, even though in
• 26:41
  percentage terms it's about the same, right?
• 26:45
  And the higher you go up in numb in numerical terms, the harder
• 26:48
  that becomes. So I'm not saying it's going to
• 26:50
  go up forever, Laura. I just think it's going to take
• 26:52
  a little bit longer than usual. But I would be very, very
• 26:56
  disappointed if, you know, if by 20-30 Bitcoin was not at 400 to
• 27:02
  $500,000. And I would be extremely
• 27:05
  disappointed if if Bitcoin didn't break 100K this next
• 27:08
  cycle. I would be very surprised.
• 27:10
  That's kind of my my bull case right now is, you know, we
• 27:15
  really only have three. Data points on the chart.
• 27:19
  So it does look like there will be diminishing returns, but I'm
• 27:24
  also kind of thinking it like the ETF institutional adoption
• 27:30
  is not fully priced in as we saw.
• 27:31
  I think it's going to rip. I think, I think like the you
• 27:34
  know, 6 figure price of Bitcoin is is pretty reasonable right
• 27:37
  now. And then considering that we are
• 27:40
  going to see an incredible amount of FOMO, I think by two
• 27:43
  cycles from now we we can probably break that seven figure
• 27:47
  mark. And I'm I'm not saying that
• 27:48
  we're going to super cycle forever, but it just it feels,
• 27:53
  it feels it feels bearish to me. Maybe this is just my trolley
• 27:57
  bullet hearted. Constantly staying bullet
• 28:00
  hearted, but it does feel a little conservative.
• 28:02
  And even Kathy Woods said that her estimations are
• 28:05
  conservative. And even on a conservative take,
• 28:07
  it's still absolutely bullish from where we are.
• 28:09
  So of course you know. Especially when we're at 28 K
• 28:12
  today, it's like, yeah, you guys are, you guys are smoking that
• 28:14
  opium 1,000,000 by 7 years. You guys are absolutely out of
• 28:18
  control. But remember when it ripped
• 28:20
  from, what, 1K to 20K? Why are they saying that we're
• 28:24
  smoking that opium? We're not saying that we
• 28:26
  literally just showed you what Kathy Wood she This is like a
• 28:30
  professional money manager. Like why are you guys bashing
• 28:33
  us? That's what she said.
• 28:36
  Hey bro this is the chat. This is what they do.
• 28:37
  They they we we take the heat they we get the as I said I'm
• 28:41
  like I'm expecting like between like a four to 500 K Bitcoin
• 28:44
  like that's realistically what I'm expecting.
• 28:47
  In seven years, Yeah, Yeah, man. Dude, look, you have to
• 28:52
  understand that like I think that the the reason that I'm so
• 28:58
  I'm a little bit bearish is because how much I'm jaded from
• 29:03
  the last bull market. It was attacked.
• 29:07
  So it was attacked by the CCP, the price, right.
• 29:10
  They literally banned Bitcoin mining when the price of Bitcoin
• 29:13
  was going up. That caused cell pressure
• 29:16
  because miners had to sell Bitcoin in order to relocate to
• 29:18
  friendlier jurisdictions. Like you know, look number go up
• 29:24
  is the worst thing for any proponent of Fiat, right.
• 29:30
  I think in the European bill, like one of the things that they
• 29:34
  mentioned like one of the like the the the leaked documents
• 29:39
  that these politicians were talking amongst each other was
• 29:42
  like literally like we have to do something about the price,
• 29:45
  like they were talking about the price.
• 29:46
  So I wouldn't pass, push it, pass.
• 29:50
  If Bitcoin was, you know, free to do what Bitcoin does, yeah, I
• 29:55
  I would say $1,000,000 Bitcoin. But I think that there's a lot
• 29:59
  of forces that have a lot at stake that would benefit from
• 30:05
  suppressing the price of Bitcoin.
• 30:06
  Yeah, you're right. That's really what I believe.
• 30:09
  So it's this isn't a fair competition like the like.
• 30:12
  They're not playing fair. I think eventually it's
• 30:15
  inevitably going to get to that point because it's 21,000,000
• 30:17
  divided by Infinity or Infinity divided by 21 million.
• 30:21
  I always confuse the two. But but yeah, that that's the
• 30:25
  reason I I I feel I I I say what I say, but listen, it's always
• 30:30
  good to be pleasantly surprised rather than disappointed.
• 30:33
  And it always kind of reminds me of what Vikingo says, which I
• 30:37
  think is great advice. Like stay humble, Stack SAT's,
• 30:42
  stay solvent. Yeah, yeah, I I.
• 30:46
  Regardless of what we think the price will be, the only number
• 30:49
  that matters is the Sats under your control and and like we say
• 30:52
  making it through the auto bilat zone as we're talking about
• 30:54
  obviously we no one knows what's going on.
• 30:56
  We don't have a crystal ball. We can make estimations, you
• 31:00
  know, shouts out the Hal Finney 10 million per coin.
• 31:02
  See, that sounds a little more reasonable to me, but maybe I'm
• 31:05
  the unreasonable 1 here. But no, eventually I think it
• 31:08
  will get there. I think it will.
• 31:10
  I think it will get to more than 10 million per coin.
• 31:12
  Like Fiat is going to debase forever, bro.
• 31:14
  Like of course it's going to get there.
• 31:16
  It's just a question of time like and I think that you know
• 31:19
  once you set expectations time wise, I think you you set
• 31:23
  yourself up for disappointment. Yeah.
• 31:28
  Hence why we say I hope I'm wrong.
• 31:30
  Humble Stack Stack. Stay solvent.
• 31:32
  I hope they make videos of me like in 20-30.
• 31:34
  Like look at this moron. All right.
• 31:36
  You heard it here first. Nico's a bear.
• 31:38
  OK, you call me a bear. I think $500,000 Bitcoin by
• 31:43
  20-30 is bullish as fuck, bro. Anyways, all right guys, before
• 31:48
  we move on, I want to give a shout out to our awesome
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  Bitcoin 2024. All right everybody, let's jump
• 32:53
  into the news, the Daily News. I want to give a shout out to
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  All right guys, so I'm going to take you down a trip, a trip
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  down memory lane. But before we do that, guys scan
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  custody. All right, everybody.
• 34:38
  So let's talk about the New York Times and let's talk about the
• 34:44
  history of the New York Times, what they've done in the past,
• 34:47
  the air cover, the propaganda cover they've provided for the
• 34:51
  state, multiple states, not only the US but also other countries
• 34:56
  as well. And that begs the question, who
• 35:00
  are the New York Times really in the business of reporting news?
• 35:04
  I'm not making any claims. I'm just asking the question.
• 35:08
  I'll lay out the case and I'll let you guys be the judge.
• 35:12
  Anyways, so this was when it started kind of popping up on my
• 35:16
  radar. Elizabeth Warren has used the
• 35:19
  New York Times many, many times. And remember, Elizabeth Warren
• 35:22
  is the senator that introduced A bipartisan bill in the Senate
• 35:27
  that, according to Pierre Rashard, if passed, would be a
• 35:30
  de facto. It would be a de facto ban on
• 35:34
  Bitcoin mining within the United States.
• 35:37
  It wood forest wallet providers, including software wallets, to
• 35:41
  KYC their customers, it would it wood forest validators, also
• 35:46
  known as nodes. To KYC their customers, it wood
• 35:50
  forest minors to KYC their customers.
• 35:53
  All of that is impossible. They know that, which is why
• 35:57
  it's a de facto ban without it being a de facto ban, right.
• 36:02
  So anyways, so this is the New York Times.
• 36:05
  This is a headline article. It reads Senators want to know
• 36:07
  if Russia can use crypto currencies to skirt sanctions.
• 36:12
  4. Democrats have asked Treasury
• 36:14
  officials to explain how they're overseeing digital assets while
• 36:18
  Russia is largely frozen out of traditional commerce.
• 36:23
  What they don't talk about is that a lot most of the money
• 36:27
  laundering that takes hap that that happens worldwide is done
• 36:31
  in U.S. dollars. Also not to mention if sanctions
• 36:37
  were effective, which is this is a whole other conversation if
• 36:40
  sanctions were effective, right, because that was the pitch that
• 36:44
  they sold the American public right.
• 36:46
  We're going to seize Russian nationals assets all over
• 36:48
  Europe. We're going to sanction the
• 36:50
  country and we're going to attack their central bank to
• 36:54
  effectuate a regime change, right.
• 36:57
  If sanctions were effective, North Korea, the North Korean
• 37:01
  government would have fallen. They've been in power for
• 37:03
  decades and decades. If sanctions were effective, the
• 37:07
  Cuban government would have fallen.
• 37:09
  But they've been in power for decades and decades.
• 37:13
  If sanctions were effective, the Venezuelan government would have
• 37:16
  fallen. But they've been in power for a
• 37:19
  couple of decades. You know who sanctions affect
• 37:22
  the most? The innocent people of those
• 37:26
  countries, that's who affects the most anyways.
• 37:31
  But again, you know, that's a political statement.
• 37:33
  That's my opinion. But that is a road that
• 37:36
  eventually is going to be crossed because current US
• 37:40
  sanction policy and this is a very, very important
• 37:43
  conversation that needs to be had, that's not being had, is
• 37:46
  not compatible with an open monetary network.
• 37:50
  The US Treasury, specifically the Office of Foreign Asset
• 37:53
  Control, gets a tremendous amount of power from being able
• 37:57
  to weaponize the US dollar to go after their political opponents.
• 38:01
  What happens if their political opponents start opting out and
• 38:05
  start saying I don't want to participate in using the US
• 38:07
  dollar, I'm going to use Bitcoin and stay instead to facilitate
• 38:11
  international trade. This is something that Iran and
• 38:15
  Russia have announced that they're exploring, looking into.
• 38:18
  So what happens then? Are they going to demonize
• 38:21
  Bitcoin? Are they going to go after
• 38:23
  Bitcoin because they can't censor it or control it?
• 38:26
  This is the separation of money and state.
• 38:28
  These are all very important questions.
• 38:30
  Here is the infamous propaganda hit piece where supposedly they
• 38:37
  they kind of messed with the skies a little bit, that some
• 38:40
  bitcoiners are doing some digging and it made it seem like
• 38:43
  the skies were a little bit hazy.
• 38:45
  According to some bitcoiners, some independent journalists,
• 38:48
  some independent researchers, this place in Texas is known for
• 38:54
  having very clear skies almost year round.
• 38:57
  Not to mention the fact that Bitcoin miners do not omit any
• 39:03
  CO2. Let me just read you the
• 39:06
  headline The real cost of the digital race for Bitcoin.
• 39:10
  Bitcoin mines cash in on electricity by devouring it,
• 39:15
  selling it, even turning it off. And they cause immense
• 39:20
  pollution. In many cases, the public pays a
• 39:23
  price. OK, remember what I told you
• 39:26
  guys about framing framing rhetoric, framing rhetoric.
• 39:32
  What are what are they saying? They're saying that Bitcoin
• 39:35
  miners cause immense pollution, right?
• 39:41
  Bitcoin miners don't cause pollution.
• 39:44
  They don't emit anything. You know what?
• 39:45
  They emit? Hot air.
• 39:47
  And what I call the sound of freedom, that's sound and hot
• 39:53
  air. Electricity production, right,
• 39:58
  is a totally other conversation. You know what else requires
• 40:03
  electricity production? And they're pushing this
• 40:05
  extremely hard? Electric cars, toasters, video
• 40:13
  games, video games worldwide use more electricity than Bitcoin
• 40:19
  miners. Why aren't they going after
• 40:22
  video games? Well, it's obvious video games
• 40:27
  aren't a threat to the government's ability to create
• 40:30
  money for free that everyone else has to work for.
• 40:34
  But I want you to pay attention to the rhetoric, the framing,
• 40:37
  because it's important. What they're hoping for is that
• 40:43
  they're trying to catch the uninformed.
• 40:46
  That's what they're doing. So when Pierre released that
• 40:50
  videos, extremely important because it provided a counter
• 40:53
  narrative and it was a deadpan narrative and they tried to
• 40:57
  fight back. They tried to community note it.
• 40:59
  We fought back as a community and we removed that community
• 41:03
  note because we downloaded it, right.
• 41:05
  This is narrative trench warfare.
• 41:06
  This is what it's all about. They're trying to win over the
• 41:09
  hearts and minds, except they're working off lies and
• 41:12
  misrepresentations. We have the truth on our side.
• 41:16
  And remember we have home field and manage on the Internet.
• 41:20
  Army Maddox are better than theirs.
• 41:23
  So let's talk also about the history of the New York Times.
• 41:27
  Let me introduce you to Judith Miller.
• 41:28
  A lot of you guys probably don't know who she is, but I'm sure
• 41:33
  you know what she is known for. She was the comments the
• 41:39
  American journalist and commentator who covered Iraq's
• 41:43
  weapons of mass destruction program before, both before and
• 41:48
  after the 2003 invasion, which was later discovered to have
• 41:53
  been based on inaccurate information from the
• 41:57
  intelligence community. She worked in the New York Times
• 42:00
  Washington Bureau before joining Fox News in 2008.
• 42:05
  The New York Times determined that several story, several
• 42:08
  stories she wrote about Iraq were inaccurate and she was
• 42:12
  forced to resign from the paper in 2005.
• 42:16
  So she resigned from the paper in 2005.
• 42:20
  But she got a nice job at Fox News.
• 42:24
  You know, the same Fox News that fired Tucker Carlson, which
• 42:27
  happened to be the most popular broadcaster in the world.
• 42:31
  I mean, second to Joe Rogan, 3.5 average million viewers who
• 42:36
  happened to have brought on people like Naim Bukele, people
• 42:41
  like Michael Saylor, people like Max Kaiser, people like Marty
• 42:44
  Bent, people like Nayan Bouquelay basically saying that
• 42:47
  the Federal Reserve is not federal and that they're
• 42:52
  printing money out of thin air that Fox News anyways.
• 42:58
  So this is Judith Miller, right? And again, you know, it's forced
• 43:02
  to resign. But what's not talked about,
• 43:04
  right, is what are the consequences of that reporting.
• 43:10
  It led to the invasion of Iraq. Millions of people died.
• 43:16
  Americans died. Not to mention the fact that
• 43:20
  there were no weapons of mass destruction.
• 43:23
  Not to mention the fact that when the US pulled out, it
• 43:26
  created a power vacuum which led to the establishment of ISIS.
• 43:32
  Remember those guys? Those guys weren't very nice.
• 43:35
  Anyways, moving on. Isn't the New York Times
• 43:39
  wonderful? This is Walter Dirotti.
• 43:42
  And interesting he was, he was, he was stationed in Moscow.
• 43:50
  So, and by the way, both these people, Judith, Judith Miller
• 43:57
  got a Pulitzer Prize and you guys will start to see
• 43:59
  something. And Walter Dirotti also got a
• 44:05
  Pulitzer Prize. But let's see what Walter
• 44:07
  Dirotti did. In 1932, Jurati received a
• 44:10
  Pulitzer Prize for a series of reports about the Soviet Union,
• 44:14
  eleven of which were published in 1931.
• 44:18
  He was later criticized for his subsequent denial of the
• 44:21
  widespread famine in 1930 to 1933 in the USSR, most
• 44:27
  particularly the holomador. They covered this up.
• 44:32
  The New York Times did not admit that they were wrong about this
• 44:36
  until the 1990s. They even made a movie about
• 44:40
  this because this guy actually uncovered uncovered what was
• 44:45
  actually going on in the in the in the Ukraine during the
• 44:53
  Holmador. He uncovered it and you know
• 44:56
  what? He actually got assassinated for
• 44:59
  uncovering it. Jones was kidnapped and murdered
• 45:02
  in 1935 while investigating in Japanese occupied Inner
• 45:05
  Mongolia. His murder is suspected by some
• 45:08
  to have been committed by the Soviet secret police.
• 45:15
  So this is the New York Times. This is the same New York Times.
• 45:18
  So moving on. If you search New York Times
• 45:22
  Weapons of mass destruction original article.
• 45:26
  Can't find them, they don't pop up on Google.
• 45:30
  First one is weapons of mass destruction or mass distraction,
• 45:35
  right? And that was released in 2004.
• 45:40
  And then it goes on to say New York Times were wrong in Iraq.
• 45:44
  New York Times makes glaring error about Iraq.
• 45:47
  But where are those original articles?
• 45:49
  Why can't I find them? And then this leads me to the
• 45:52
  latest article by the New York Times attacking Bitcoin.
• 45:57
  Let's take a look at what their latest narrative says, right?
• 46:00
  And again, like the epic, you know, drone footage from above
• 46:05
  looking at the containers, let's take a look at the framing and
• 46:09
  the rhetoric of this article across US Chinese Bitcoin mines
• 46:14
  draw national security scrutiny. Microsoft reported one site in
• 46:19
  Wyoming, because of its proximity to a data center and
• 46:23
  nuclear missile base, records show other cryptocurrency
• 46:28
  facilities have ties to the Chinese state.
• 46:33
  All right, it goes on to say, when a company with Chinese
• 46:37
  origins broke ground last year on a crypto mining operation in
• 46:41
  Shane, Wyoming, A-Team at Microsoft that assists national
• 46:45
  security threats sounded the alarm.
• 46:48
  Not only was the site next door to a Microsoft data center that
• 46:52
  supported the Pentagon, it was. It was about a mile away from an
• 46:57
  Air Force Base that controlled nuclear armed intercontinental
• 47:02
  ballistic missiles. That's right, ladies and
• 47:04
  gentlemen, Bitcoin mining is a threat to I laugh because it's
• 47:12
  so absurd. According to this, Bitcoin
• 47:15
  mining is a threat to the security of of America's nuclear
• 47:22
  capability. Goes on to say the location
• 47:25
  could allow the Chinese to pursue full spectrum
• 47:29
  intelligence collections operations, the Microsoft team
• 47:32
  wrote in an August 2022 report to the Committee on Foreign
• 47:36
  Investment in the United States, a federal body that monitors
• 47:40
  threats posed by overseas investors.
• 47:43
  Microsoft's warning did not go unheeded.
• 47:45
  Speaking on the condition of anonymity, of course, U.S.
• 47:49
  government officials told the New York Times last week that
• 47:52
  they have been tracking the Wyoming operation for months.
• 47:55
  One official said that measures have been taken to mitigate
• 47:59
  potential intelligence collection, but the line denied
• 48:02
  declined to elaborate. In addition, the mining company
• 48:05
  said it responded to cure queries from the Federal
• 48:10
  Investment Committee. The national security concerns
• 48:13
  about the Wyoming site, previously unreported, reflect a
• 48:16
  broader unease about a recent surge in Chinese Bitcoin mines
• 48:21
  across the country. Why did the surge happen?
• 48:25
  Because the CCP banned Bitcoin mining within their borders.
• 48:30
  And then Chinese entrepreneurs fled China to set up shop in the
• 48:36
  United States, where it's a friendlier jurisdiction and they
• 48:40
  could find good, good electricity rates.
• 48:44
  Aside from intelligence gathering worries, the mines,
• 48:47
  which are large warehouses and containers packed with
• 48:50
  specialized computers, put immense pressure on power grids.
• 48:54
  The computers typically run around the clock while mining
• 48:57
  for the digital coins, the most popular among the various
• 49:01
  cryptocurrencies. Brian Harrell, a former
• 49:04
  assistant secretary for infrastructure protection at the
• 49:07
  Department of Homeland Security during the Trump administration,
• 49:10
  said that the operations could place enormous stress on the
• 49:14
  grids if the mines worked in concert to wreck havoc.
• 49:19
  That's right, the Bitcoin miners are going to work in concert to
• 49:24
  wreck the US grid. Why?
• 49:28
  Don't know. That's not a good economical
• 49:31
  decision. It seems like they're providing
• 49:33
  a ton of grid stability in Texas.
• 49:37
  But let's just ignore all that and say that Bitcoin mining is a
• 49:41
  threat to America's nuclear arsenal, and also that they're
• 49:47
  being set up to cause havoc on America's energy grid.
• 49:56
  OK, so that's the latest propaganda hit piece from New
• 50:01
  York Times. This is one of them.
• 50:05
  This is another them. So you guys get the point.
• 50:08
  The New York Times is not a friend of Bitcoin.
• 50:12
  What I got to say to the New York Times is leave my fucking
• 50:17
  toasters alone, because that's essentially what Bitcoin miners
• 50:21
  are. They're toasters.
• 50:23
  That's what they do. You plug them into the wall,
• 50:26
  they're plugged into the Internet, right?
• 50:29
  And they release hot air. But you see the effort that
• 50:34
  they're going through to point it as if not only is a threat to
• 50:40
  national security, it's a threat to US sanction policy.
• 50:45
  It's a threat to to all these things because that's what
• 50:48
  they're that's what they're inferring when they report the
• 50:52
  news this way. The rhetoric is really
• 50:55
  important. The language is really
• 50:56
  important. And this isn't just any
• 50:58
  publication. This is the paper of record.
• 51:01
  This is the paper that reported originally that Iraq had weapons
• 51:06
  of mass destruction and that led to the invasion of Iraq.
• 51:11
  Now the bad news for the New York Times is now they have
• 51:16
  competition from the Internet, so their ability to to control
• 51:20
  the narrative is greatly diminished.
• 51:22
  But that's not to say that we shouldn't be paying attention to
• 51:25
  what they're saying, because these are the words that they're
• 51:29
  using in order to set a certain narrative.
• 51:33
  We must rebuke it. It is absurd what they just
• 51:37
  said. Think about what they just said.
• 51:39
  They said it very nicely and they worth Smith the fuck out of
• 51:43
  it. But they basically said that
• 51:45
  Bitcoin mine, a Bitcoin mine that was set up in Wyoming.
• 51:49
  I'm sure because there's cheap power there.
• 51:52
  Cheap stranded power could potentially be a threat to
• 51:57
  America's nuclear arsenal. Like, that is absolutely
• 52:01
  freaking insane, right? Like, but they're trying to make
• 52:05
  those connections in people's heads so that so people have a
• 52:09
  bad, they have a bad, you know, in their minds they think, Oh my
• 52:15
  God, this Bitcoin thing, this is dangerous.
• 52:17
  This is a threat, This is what's going on.
• 52:20
  Don't allow them to do that. So in Thanksgiving, tune into
• 52:24
  simply Bitcoin. Arm yourself with the facts so
• 52:27
  that when Uncle Jim or Uncle Scott says like, yo, this
• 52:31
  Bitcoin shit, it's boiling the oceans.
• 52:34
  The Chinese are using it to take over the world.
• 52:36
  You're going to be like, bro, it's literally a fucking
• 52:39
  toaster. Leave my toasters alone.
• 52:42
  New York Times. Anyways, Opti, what's your take
• 52:44
  on all this? Well.
• 52:47
  Well, what a what a breakdown. Love to see it.
• 52:49
  Love to see it. Well, my initial thought is
• 52:52
  obviously very trolley. It looks like the DoD is taking
• 52:56
  a page from Jason Lowry's thesis and saying Bitcoin is a threat
• 52:59
  to national security. Who would have saw this one
• 53:01
  coming? Guys, It's not like we haven't
• 53:03
  been talking about this for a while, and This is why there's
• 53:06
  so many framing attempts by Bitcoiners to disassociate with
• 53:10
  the idea that Bitcoin is a weapon.
• 53:12
  Bitcoin is defense against these tyrannical, dystopian
• 53:16
  psychopaths. And call it what you want.
• 53:18
  Call the press what you want. The corporate press,
• 53:20
  governmental press, mockingbird, media, parasite, class, PR,
• 53:24
  whatever you want to call it. It just goes to show that
• 53:27
  they're scared. And they should be scared.
• 53:29
  They should absolutely be terrified.
• 53:31
  Because again, we didn't reference the naive Bukele
• 53:34
  article today. But remember what he says.
• 53:36
  Do not drink the elite's kool-aid.
• 53:38
  And the chunk of it that we always reference is.
• 53:41
  What these people have is the monopoly on truth, and they will
• 53:43
  lie, smear, murder, do whatever they have to do to ensure that
• 53:48
  the average person doesn't understand what's actually going
• 53:51
  on in the world, and as long as they can control the narrative,
• 53:54
  most people will fall for it, hook, line and sinker.
• 53:57
  So yes, there is a reason for them to be absolutely terrified
• 54:01
  because Bitcoin takes away the power of the Monty money
• 54:05
  printer. Why don't Opti, why don't you do
• 54:07
  the honors and and read this? OK, I got I got a.
• 54:11
  OK, let me see. Because the most vocal
• 54:14
  detractors, the ones who are afraid and pressuring us to
• 54:17
  reverse our decision, are the world's powerful elites and the
• 54:20
  people who work for or benefit from them.
• 54:22
  They used to own everything, and in a way they still do.
• 54:25
  The media, the banks, the Ng OS, the international organizations,
• 54:28
  and almost all the governments and corporations in the world.
• 54:31
  And with that, of course, they also own the army's, the loans,
• 54:34
  the money supply, the credit ratings, the narrative, the
• 54:36
  propaganda, the factories, the food supply.
• 54:39
  They control international trade.
• 54:41
  And international law. But their most powerful weapon
• 54:43
  is the control of the truth. And they're willing to fight,
• 54:47
  lie, smear, destroy, censor, confiscate, print and do
• 54:50
  whatever it takes to maintain and increase their control over
• 54:52
  the truth and everything and everyone.
• 54:55
  Now, guys, this is not simply Bitcoin saying this is, is not a
• 54:58
  conspiracy theorist on the Internet saying this.
• 55:01
  This is a president of a country of a nation of which they're
• 55:05
  attacking with everything they're.
• 55:06
  Attacking with the same very media that he exposed.
• 55:10
  So guys. I think, and today's episode,
• 55:13
  I'm kind of glad we're doing this.
• 55:14
  I'm not going to do as deep a dive as Nico did on all the
• 55:16
  other media conglomerates, but it's the same message, guys.
• 55:21
  We know that the truth is controlled.
• 55:23
  We know that the powers that be will do whatever they can to
• 55:28
  kill the truth and continue to gaslight the average individual.
• 55:32
  Hence why it is so important to defund them by taking Bitcoin
• 55:37
  into self custody. Hence why we constantly tell you
• 55:39
  guys to opt out of the Fiat world.
• 55:42
  Hence why we keep telling you that Bitcoin is a peaceful
• 55:45
  revolution and all you have to do is take your labor, take your
• 55:49
  work, take your capital outside of the financial system because
• 55:52
  they do not have your best interest in mind.
• 55:54
  They are literally using code words and phrases to control
• 55:58
  their business interests. And they are.
• 56:02
  Metaphorically, or rather very seriously, sacrificing you and
• 56:06
  your family. So I don't know about you, but
• 56:10
  I've had enough. I am tired of this.
• 56:12
  I I don't believe that this is how the world should be run, so
• 56:15
  hence why I'm a bitcoiner. Hence why I tell everyone to
• 56:19
  save in Bitcoin. Hence why I think it's the most
• 56:21
  important thing for us to be doing is to be and proliferate
• 56:25
  the Bitcoin message. Anyways, thanks Opti.
• 56:29
  All right, let's let's give a shout out to our sponsor.
• 56:33
  And I did that preemptively, so I apologize.
• 56:37
  No worries. It was on point.
• 56:38
  It was on point. I did it out of reflex, so I
• 56:40
  apologize. And then?
• 56:41
  It was on point. It was on point.
• 56:42
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  Visit swanbitcoin.com today. All right guys, well, I'm going
• 58:07
  to start today's culture and I'm really glad Nico did this, this
• 58:11
  whole breakdown for the news because I'm only going to play a
• 58:14
  little bit of this video, but remember this video going
• 58:16
  around? Guys, I'm sure you guys saw this
• 58:18
  and I'm not going to play the whole thing, but I'm.
• 58:19
  I'm sure you guys were aware of this.
• 58:21
  Last month, dozens of local news anchors around the country spoke
• 58:25
  in unison to defend their stations and blast the so-called
• 58:28
  fake news media. The sharing of biased and false
• 58:32
  news has become all too common on social media or alarming.
• 58:36
  Some media outlets publish the same fake stories without
• 58:39
  checking facts first. This is extremely dangerous to
• 58:42
  our democracy. OK, that's enough of that.
• 58:45
  That's enough of that. But I'm sure you guys remember
• 58:48
  seeing that video going around the interwebs.
• 58:51
  Well, I was very surprised at the time that everyone was
• 58:56
  surprised by that story. And I'm glad Nico did the New
• 59:01
  York Times story today because I was falling down a rabbit hole
• 59:05
  over the weekend and and went a little deeper yesterday and I
• 59:09
  just asked myself a single question.
• 59:11
  You know, we see so much hate in regards to Bitcoin.
• 59:13
  We see that the most important topics in the world are not
• 59:18
  being covered. We're seeing that constantly.
• 59:20
  The war mongers are trying to get us into a new skirmish and.
• 59:26
  If you weren't a conspiracy theorist or a truther or
• 59:29
  whatever you want to name it you, you might wonder why.
• 59:31
  Or rather you might fall for the propaganda.
• 59:33
  Well, as we constantly show on the show, not only is it our
• 59:38
  duty to spread the Bitcoin signal, but we constantly
• 59:42
  counter the corporate press, BS, the government pre press, the
• 59:46
  mockingbird media, the Parasite PR, whatever you want to call it
• 59:49
  guys, we'll we'll add new nomenclature to this stat and
• 59:52
  list as we move forward. I asked myself one question.
• 59:56
  You know, what are the biggest media companies in the world?
• 59:58
  Who owns them and what are their names?
• 1:00:01
  And I found this article from Forbes and and there's a lot of,
• 1:00:04
  there's a lot of research to back this up.
• 1:00:05
  But I kind of picked the prettiest one so that it it's
• 1:00:08
  very simple for you guys to digest.
• 1:00:10
  We have this Forbes article. The world's largest media
• 1:00:12
  companies in 2023, Comcast and Disney stay on top.
• 1:00:16
  Man, I'm not going to read the whole article, but there's a
• 1:00:18
  list here of the world's largest media companies, so we can name
• 1:00:21
  them by name. We have Compass Corporation.
• 1:00:23
  We have Walt Disney Company. We have Charter Communications,
• 1:00:26
  Warner Bros, Discovery, Public as Group SA, Omnicom Group Inc,
• 1:00:30
  Fox, Dish Network, WPP, PIC, or PLC and Paramount.
• 1:00:35
  So some of these are agencies and some of these are streaming
• 1:00:39
  sites, but the majority of them are media companies and there's
• 1:00:44
  actually a name for them. They call it the Big Six Media
• 1:00:47
  Company. And I know Wikipedia is not the
• 1:00:49
  best source of information, so I didn't just use Wikipedia, but
• 1:00:53
  as you can see here, I highlighted 1 little sentence
• 1:00:56
  here on Wikipedia 'cause even when they tried to subvert the
• 1:00:59
  truth, they still talk about the truth in their own publication.
• 1:01:02
  So as of 2022, the largest media conglomerates in terms of
• 1:01:05
  revenue are Comcast, the Walt Disney Company, Warner Bros,
• 1:01:08
  Discovery and Paramount Global. And again, I look for some more,
• 1:01:12
  some more sources on this and of course Investopedia is not the
• 1:01:15
  best source, but they also say the same thing.
• 1:01:17
  And I have even a very good picture for you guys here.
• 1:01:20
  And and I found this, this is something you guys can all
• 1:01:23
  Google, Google, big six media companies and this is very
• 1:01:27
  documented. I'm just picking you guys the
• 1:01:29
  best visual so that you guys can see this in real time.
• 1:01:33
  And again, you can see the companies here, Apple, they're
• 1:01:35
  more of a technology company, but they did get their feet in
• 1:01:38
  streaming. We have Walt Disney, We have
• 1:01:40
  Comcast. We have Netflix again streaming.
• 1:01:42
  We have AT&T. We have Sony.
• 1:01:43
  We have Charter Communications, Thompson, Reuters, Paramount,
• 1:01:46
  Global and Fox. Well, I highlighted A portion
• 1:01:51
  here, which I will show you in a visual after, and it's who owns
• 1:01:54
  the majority of media companies. The media conglomerate that owns
• 1:01:57
  the most media companies is National Amusements, which you
• 1:02:02
  know ironically has rebranded as Paramount Global, which we've
• 1:02:05
  just already touched on. Within its organizations are
• 1:02:08
  Viacom, CBS, Nickelodeon and other outlets closely following
• 1:02:11
  our Disney and Comcast, which also own many media outlets.
• 1:02:14
  How many media companies are there?
• 1:02:16
  Well, approximately 176 media companies operate in the United
• 1:02:20
  States and this is the kicker here.
• 1:02:22
  However, Comcast, AT&T, Paramount Global, formerly
• 1:02:26
  Viacom, CBS, which has owned a a majority stake by National
• 1:02:31
  Amusements News Corporation owner Fox and Sony control more
• 1:02:36
  than 90% of the media. Again, six companies own more
• 1:02:39
  than 90% of all the media. Hence why you'll see stuff like
• 1:02:42
  this going on around the Internet and people are
• 1:02:45
  appalled. Why everyone is saying the same
• 1:02:47
  exact thing and it's almost like they're getting their news,
• 1:02:50
  their talking points from up high.
• 1:02:53
  Well, I have this old visual here, this one's from 2014, but
• 1:02:57
  it shows exactly what we've been talking about.
• 1:02:59
  And I didn't want to start with this one because again it's it's
• 1:03:03
  an older one. So I wanted to give you the
• 1:03:05
  updated, but here is a visual so we can get an idea of what is
• 1:03:09
  going on. The six corporations that own
• 1:03:11
  almost all of the media, we have National Amusements, which I
• 1:03:15
  told you as rebranded as Paramount Global.
• 1:03:17
  And you can see some of the media assets, I don't know, some
• 1:03:19
  of your favorite shows here and TV shows, CBS, we have MTV, we
• 1:03:24
  have Paramount, we have Showtime, we have, you know,
• 1:03:27
  Nickelodeon, BT, Viacom, There's printing press, there's
• 1:03:32
  Internet, there's gaming sites, there's Disney, which owns
• 1:03:34
  ABCESPN, Marvel, What else is here?
• 1:03:39
  Vice, You know, all the Lucas films, everything that you guys
• 1:03:44
  probably watch. There is Disney publishing
• 1:03:46
  houses here. There's ABC Press, ESPN Books,
• 1:03:50
  Let's go on more. Time Warner, which owns CNNHBO,
• 1:03:55
  Warner Brothers again, we can go on and keep going on this.
• 1:03:58
  They own Time and Time Life. They own Life magazine.
• 1:04:02
  OK, Comcast. They own CNBCMSNBC, Universal
• 1:04:06
  Studios. What else is here?
• 1:04:08
  Hulu. DreamWorks.
• 1:04:10
  Do I need to go on? It just goes to show The Weather
• 1:04:13
  Channel, even The Weather Channel guys, is not safe.
• 1:04:16
  And it just goes to show that the illusion of choice is what
• 1:04:21
  we are seeing in the world. And then we have News Corp,
• 1:04:23
  which is Robert Murdoch, which is obviously Fox News and they
• 1:04:27
  own what's it, Harper Collins Publishing, Washington Wall
• 1:04:33
  Street Journal, New York Post. Again, we can keep going on
• 1:04:36
  Sony. They kind of just own some Sony
• 1:04:38
  stuff. They know, try and Star Movies.
• 1:04:40
  Anyways, the point of this is what we've been talking about on
• 1:04:44
  the show is the idea that all the media corporations out there
• 1:04:49
  are owned by a very small not all, but mostly all are owned by
• 1:04:53
  a very small amount of corporations.
• 1:04:56
  Hence why we call it the corporate press.
• 1:04:57
  Hence why we call it the governmental press.
• 1:05:00
  Because if you only have to push on 6 Meridian points, it's very
• 1:05:05
  easy to control the control of information.
• 1:05:07
  And of course we didn't even get into lobbying groups and all
• 1:05:10
  that stuff guys. But the point of all this is to
• 1:05:13
  just continuously expose to you guys the importance of you, the
• 1:05:17
  viewer, you spreading the truth, the importance of independent
• 1:05:21
  content creators. We know Joe Rogan is the biggest
• 1:05:23
  creator on planet Earth right now, and he is technically an
• 1:05:27
  independent content creator, though he does have that Spotify
• 1:05:30
  deal. And I'm I'm pretty sure there's
• 1:05:31
  some links here. But anyways, the point of this
• 1:05:34
  is to no longer be surprised when you see narratives come out
• 1:05:39
  of the corporate press. I know the boomers out there,
• 1:05:42
  you know, Lord forgive my mother and my father, but they still
• 1:05:46
  believe the suit on the television.
• 1:05:48
  We are still looked at as like crazy conspiratorial people.
• 1:05:52
  We we don't have any legitimacy because we don't wear suits
• 1:05:55
  because we don't have the corporate press.
• 1:05:57
  We don't have a television station behind us, pushing us
• 1:05:59
  and backing us, and it just goes to show that there is still a
• 1:06:03
  lot of work, there's still an uphill battle and independent
• 1:06:10
  content creators moving forward I think are the most.
• 1:06:13
  Yeah. It's the future.
• 1:06:15
  It's like the social media has disintermediated the truth.
• 1:06:18
  And now more and more and more and more and more, it's becoming
• 1:06:21
  obvious that you can't believe anything coming out of the
• 1:06:24
  traditional news sources. Yes, they're quote UN quote news
• 1:06:27
  sources, but they are not covering news as we covered with
• 1:06:30
  New York Times. They are propaganda pieces and
• 1:06:35
  we understand that. They all have their bias, they
• 1:06:37
  all have their scripts, they all have the underlining holy dollar
• 1:06:42
  to pay to and abide by. But we are on the Bitcoin
• 1:06:46
  standard, and this is a thesis to us here at Simple Bitcoin.
• 1:06:49
  We are a Bitcoin media company. We are building on the Bitcoin
• 1:06:52
  standard. We are doing our best to
• 1:06:55
  maintain our independence because we understand what is
• 1:06:58
  going on in the world. The truth is controlled.
• 1:07:01
  We brought on the naive Buchelli article.
• 1:07:04
  He lays it out plainly. The powers that be will do
• 1:07:07
  whatever they can to control truth.
• 1:07:09
  And we are seeing in real time that the pendulum is swinging
• 1:07:13
  the other way and people are waking up to the manipulation on
• 1:07:15
  truth. And and I am seeing moving
• 1:07:18
  forward that we will see more and more independent content
• 1:07:22
  creators spreading the truth. I'm already seeing it.
• 1:07:25
  Some of the biggest content creators, some of the most
• 1:07:27
  famous people right now are independent content creators.
• 1:07:29
  You guys know their names? No did.
• 1:07:31
  Joe Rogan is the most famous content creator in the world.
• 1:07:33
  Exactly. Like, I can't even name you
• 1:07:36
  someone that is on the corporate press.
• 1:07:37
  Like remember the Walter Cronkite's of the world.
• 1:07:40
  Like the people that we listen to now are like the Joe Rogans
• 1:07:43
  of the world and they don't have that corporate press backing
• 1:07:46
  them. Yeah, you can say whatever you
• 1:07:48
  want about Joe Rogan. Maybe he is bought and paid for.
• 1:07:50
  He does have a big contract. He does have to abide by that.
• 1:07:53
  But still, content creators out there are the future and we're
• 1:07:56
  seeing why that is happening is because the corporate press is
• 1:07:59
  bought and paid for. They are literally parasite PR
• 1:08:02
  guys. They do not have your best
• 1:08:04
  interest in mind. Hence why we double down on the
• 1:08:06
  idea of independent content creators spreading the truth.
• 1:08:09
  You guys are frontline soldiers, hence why we jokingly always end
• 1:08:12
  the show with the meme review because you guys are in the
• 1:08:16
  fight. I am convinced this is an
• 1:08:18
  information war. We are already in that war and
• 1:08:22
  you are the front frontline soldiers.
• 1:08:24
  I'm reminded of a quote shouts out the Prince, the musician,
• 1:08:29
  the artist formerly known as Prince.
• 1:08:31
  He said some quote of the battleground.
• 1:08:36
  The war is digital and the battleground is your mind and
• 1:08:40
  your soul. So don't get caught up in the
• 1:08:42
  computer. Don't let the computer and this
• 1:08:44
  the corporate news use you. Use it to your advantage.
• 1:08:48
  Understand what's going on. Protect your minds.
• 1:08:50
  Protect your family, your friends.
• 1:08:52
  Because all we really have on our side is truth.
• 1:08:55
  And with vehicles like Noster, you know, with these
• 1:08:58
  decentralized social media platforms, with allegedly the
• 1:09:02
  support of free speech on X or Twitter, I think humanity is
• 1:09:06
  moving forward into a a place where more people want the
• 1:09:09
  truth, more people are looking for the truth, and more people
• 1:09:12
  are tired of being lied to so understand what's going on.
• 1:09:17
  Corporate press is bought and paid for.
• 1:09:18
  Call it governmental press, Parasite, PR, Mockingbird,
• 1:09:21
  media, whatever you want to call it.
• 1:09:23
  We know that they have dirty toes, dirty hands, and they
• 1:09:29
  cannot be trusted. Hence why you guys, at least you
• 1:09:32
  guys, frontline soldiers, find some truth in what we're saying.
• 1:09:35
  We do our best. We are only human.
• 1:09:37
  And moving forward, we, you know, we're going to try to be
• 1:09:41
  as independent as possible. Make sure that we give you guys
• 1:09:43
  as much truth as possible. Yes, of course.
• 1:09:46
  You know, we're we're only human.
• 1:09:48
  We do have our incentives, and we do want to see Bitcoin
• 1:09:51
  succeed. We know our bias.
• 1:09:52
  It is Bitcoin. But fix the money, fix the
• 1:09:55
  world. If we more of us build on the
• 1:09:57
  Bitcoin standard, more and more Bitcoin media, or rather more
• 1:10:01
  and more media companies build on the Bitcoin standard, then we
• 1:10:04
  may be able to get some semblance of truth.
• 1:10:06
  And more and more companies go on social, decentralized social
• 1:10:10
  medias like Noster, maybe the truth will proliferate.
• 1:10:12
  Maybe people like Bukele exposing the fact that the only
• 1:10:17
  thing, the powers that we have is the monopoly on truth may.
• 1:10:19
  Maybe we can wake the world up, but hey, it's going to take some
• 1:10:22
  time. It's going to be an uphill
• 1:10:23
  battle anyways. I know this wasn't necessarily
• 1:10:25
  Bitcoin culture per SE, but I think this is something people
• 1:10:29
  need to know that all the corporations are bought and paid
• 1:10:32
  for and only a small handful of companies own.
• 1:10:36
  Basically all of them, 90% of them, guys.
• 1:10:38
  So do whatever we have to do to wake up our friends and family.
• 1:10:42
  I don't know how do we explode? Expose this.
• 1:10:44
  But yeah, I like this, one shouts with The xx.
• 1:10:48
  The media is the message. The media is their weapon, dude.
• 1:10:53
  Truth is the weapon, guys. And truth is what will protect
• 1:10:56
  us anyways. Nico, let's let's roll this one
• 1:10:58
  out. You.
• 1:10:58
  We we went a little long to death.
• 1:11:00
  Dude, I mean, bro, we're In Sync.
• 1:11:02
  We're In Sync. That's what I gotta say, dude.
• 1:11:04
  We're In Sync. And I don't think we did it on
• 1:11:05
  purpose, which is absolutely hysterical.
• 1:11:09
  But yeah, dude, it's clear that, you know, this, this, this, the
• 1:11:15
  curtain has been pulled and I think the Internet really
• 1:11:19
  started the fire. And again, this was predicted in
• 1:11:23
  the book the Sovereign Individual, which we referenced
• 1:11:25
  so many times on simply Bitcoin that the Internet was just going
• 1:11:30
  to empower the the individual to seek their own information, seek
• 1:11:37
  the information and content they wish to consume.
• 1:11:41
  Before there was only like what, give or take 100 TV channels,
• 1:11:44
  You know, like when I was growing up in the 90s and stuff,
• 1:11:47
  you had DIRECTV. You know, you had like 300
• 1:11:49
  channels, but the vast majority of them were crap.
• 1:11:52
  And then, you know, maybe you had like 50 good channels,
• 1:11:55
  right? And then you had the legacy, the
• 1:11:57
  legacy media organizations, right?
• 1:12:00
  Now that the Internet, there's millions of channels on YouTube
• 1:12:03
  with everyone has a different take.
• 1:12:05
  Everyone has a different perspective.
• 1:12:06
  Twitter is kind of the same. So it's yeah, it's it's
• 1:12:09
  democratized and decentralized information 100,000,000% Opti
• 1:12:15
  wait, wait, wait before you go on, and I don't mean to cut you
• 1:12:17
  off, but you sparked an idea. Hence why there is such an
• 1:12:21
  active fight against freedom of speech right now.
• 1:12:23
  Guys this is it's not a coincidence the their games
• 1:12:28
  being exposed. Everyone knows the corporate
• 1:12:29
  press is owned by a small handful of corporations and So
• 1:12:33
  what do they do They roll out the same message.
• 1:12:35
  They always say this is for the good of the welfare, this is,
• 1:12:38
  this is for the public good, that we are controlling speech
• 1:12:42
  and I think they're losing that battle a. 100% I I I think
• 1:12:46
  they're completely losing their not only their credibility, but
• 1:12:50
  just their well, that's all they have, their reputation.
• 1:12:54
  Yeah, they're riding on their coattails, and that's slowly,
• 1:12:57
  slowly diminishing. All right, everybody, let's get
• 1:12:59
  to the memes. We got a lot of memes to review.
• 1:13:06
  The daily meme review. No, no worries.
• 1:13:16
  I'm not. I got to do this.
• 1:13:19
  Sorry. Opti's new favorite gene genetic
• 1:13:21
  mean to says wow. I had 20 channels.
• 1:13:23
  Wow. Old confirmed.
• 1:13:25
  Old confirmed. All right.
• 1:13:26
  Anyways, guys, this is the meme review.
• 1:13:29
  Nico had the drop out. He's got to do some things.
• 1:13:31
  But I can handle the meme review.
• 1:13:32
  Nico. It's all right.
• 1:13:33
  You could leave. It's OK.
• 1:13:34
  It's all right. It's all right.
• 1:13:36
  You can leave us lonely here we we're anyway.
• 1:13:39
  I got time. I got time.
• 1:13:41
  But I might have to drop out. I might have to drop out
• 1:13:43
  spontaneously. All right, awesome.
• 1:13:44
  All right, well, you already know the deal.
• 1:13:45
  This is the meme review. Tag me on Twitter at Simply
• 1:13:48
  Bitcoin TV, or at Optimus Fields.
• 1:13:50
  Actually, guys, you're probably better off tagging my personal
• 1:13:52
  account at Optimus Fields. I I looked through the the
• 1:13:56
  notifications for a Simply account and I I went back so far
• 1:14:00
  and I couldn't even find what I wanted to find.
• 1:14:01
  Anyways, tag me on Twitter. Tag your memes.
• 1:14:05
  Tag your favorite memers memes and I'll bring them on the show.
• 1:14:07
  But also drop them in our telegram group.
• 1:14:09
  T dot me slash simply Bitcoin TV and I search in there to get you
• 1:14:15
  guys some memes, get them on the show, drop your own memes,
• 1:14:17
  whatever you want. Anyways, it's all about
• 1:14:19
  spreading that signal. First one is by Alan B Watt AKA
• 1:14:23
  at Allen BWT on Twitter and he goes when you start to consider
• 1:14:26
  the 2nd and 3rd order effects of hashtag Bitcoin, it's the
• 1:14:29
  classic you know, mind exploding meme with the Galaxy behind it.
• 1:14:34
  And really guys, this is the stuff that gets me the most
• 1:14:37
  excited. Just the Once you understand the
• 1:14:41
  Bitcoin fundamentals, hence why we always harp on the Bitcoin
• 1:14:43
  fundamentals, you don't need to know anything else.
• 1:14:46
  Guys like I've said this so many times to you guys in the past.
• 1:14:49
  Once you understand the fundamentals, you can go off
• 1:14:51
  into the world and prosper. You you can turn off the TV as
• 1:14:55
  the message used to be in the counterculture, you know.
• 1:14:59
  Once you get the message, hang up the phone, TuneIn.
• 1:15:01
  Turn on opt out. This is the way guys.
• 1:15:04
  Anyways, next meme is by Glocky, AKA at Clucky's under score and
• 1:15:08
  he goes hashtag. Keep stacking cheap sats and we
• 1:15:11
  got Iron Man. I forget what this guy's name
• 1:15:14
  is, Robert Downey Junior. He's doing that and he goes the
• 1:15:17
  moment when I realized that the Bitcoin spot ETF news was fake.
• 1:15:20
  So I can still stack more cheap sats.
• 1:15:23
  This is the way the bittersweet experience of being a bitcoiner
• 1:15:28
  when the price rises it it feels good until you figure out the
• 1:15:32
  panic that you will never be buying Bitcoin under this price
• 1:15:35
  again. Well hey, you got another
• 1:15:36
  opportunity if you have not stacked hard enough.
• 1:15:38
  Anyways, this next meme is by Mccaudle Face and it goes base
• 1:15:41
  candy and it goes make sure to check your kids Halloween candy.
• 1:15:46
  I just found this in mind and we got Halloween candy and there is
• 1:15:49
  a note in it and it goes. The parasite class is stealing
• 1:15:52
  your money through inflation and you're not even buying Bitcoin
• 1:15:54
  to stop them. What is wrong with you?
• 1:15:58
  It's so obvious. We know what the problem is and
• 1:16:01
  few know what the solution is. OK, next one is by Joker AKA at
• 1:16:05
  Boomstick 44 and he goes reminder and we got the classic
• 1:16:09
  meme here where it's Superman. I don't know what his name and
• 1:16:12
  what's it Jason Momoa behind him with the laser eyes and Superman
• 1:16:16
  actor is Bitcoin is waiting on ETF deadlines and Jason Momoa
• 1:16:20
  sinking up. Behind him goes Nation state
• 1:16:22
  adoption. We will see literally this week
• 1:16:26
  if we have another president embrace Bitcoin on a nation
• 1:16:31
  state level. We'll see what's going on.
• 1:16:33
  We have a libertarian about to be elected in Argentina at
• 1:16:36
  least. Fingers crossed.
• 1:16:37
  Anyways, next one is by our boy Phil C 4-11 in the chat and he
• 1:16:41
  goes, I saw the Rothschilds are auctioning off some of their
• 1:16:44
  chairs. Could this mean hashtag Bitcoin?
• 1:16:47
  And we got the chairs that they're auctioning.
• 1:16:48
  Are the Rothschilds selling their chairs for more Bitcoin?
• 1:16:52
  No one knows. No one knows, but that's
• 1:16:54
  obviously kind of a troll. We'd love them.
• 1:16:58
  Actually, we probably wouldn't want them to be bitcoiners, but
• 1:17:02
  they probably are selling chairs to stack Bitcoin.
• 1:17:04
  This next one is by my buddy Mark Goodwin, AKA at Mark Good W
• 1:17:08
  under score N And you guys know my take on stablecoin's not a
• 1:17:12
  fan. Bitcoin is my stablecoin and we
• 1:17:14
  got here Mark Goodwin talking. He's been doing a great job
• 1:17:21
  leading the Bitcoin Magazine media team over there, and he's
• 1:17:24
  having great conversations. And he's very adamant against
• 1:17:28
  stable coins. Well, we got a basic heuristic
• 1:17:30
  here and he goes. Stable coins are bad because
• 1:17:33
  U.S. government is bad. It is this simple Stop trying to
• 1:17:36
  put the Petro dollar on Bitcoin. This is not the way.
• 1:17:39
  This is not what I signed up for.
• 1:17:41
  Bitcoin is my stable coin. Bitcoin defunds you,
• 1:17:44
  psychopathic parasites. Anyways, next meme.
• 1:17:46
  Last meme, the BTC therapist. He goes, This is why you don't
• 1:17:49
  trade Bitcoin. And this is the classic South
• 1:17:51
  Park and it's gone. Me, man, We have a giant green
• 1:17:53
  candle and then we have a giant red candle going down and it's
• 1:17:58
  gone. Do not trade Bitcoin.
• 1:18:00
  Do not trade your Bitcoin on leverage because you may get
• 1:18:05
  absolutely wiped out. This is not the way, guys.
• 1:18:10
  This is not the way. Anyways, drop your meme review
• 1:18:13
  score right here on the side and we will cover them live before I
• 1:18:20
  cover them live to give you guys some time because apparently
• 1:18:23
  we've been lagging really hard. Get yourself some simply Bitcoin
• 1:18:26
  merge guys. I I know you're trolling me that
• 1:18:28
  I've been wearing the Kenny Who Killed Who Killed Kenny Orange
• 1:18:32
  hoodie, but it's the only hoodie I brought on my trip back to the
• 1:18:36
  West Coast. It's been pretty overcast where
• 1:18:39
  I am right now. Get yourself some.
• 1:18:41
  It really helps us guys. I know we're going to get you
• 1:18:43
  hats. We're going to get you female
• 1:18:46
  sizes. We're going to get you some
• 1:18:48
  simply Bitcoin Times your favorite Bitcoin artists.
• 1:18:52
  We do have the first batch, the proof of concept.
• 1:18:56
  We're going to give you guys merch.
• 1:18:57
  We're trying to keep us as independent as possible so that
• 1:19:00
  we can do this every single day. I know, I know, I know, we're a
• 1:19:04
  Bitcoin media company. We're trying to get you guys to
• 1:19:06
  merch, but it really means a lot to us.
• 1:19:09
  We want your support. We ask for your support.
• 1:19:12
  Keep us on air and we will get you guys some fly ass merch.
• 1:19:17
  This is the way anyways. Anyways, my meme review score
• 1:19:20
  for today is this really big paper clip.
• 1:19:28
  It's huge. It's huge.
• 1:19:29
  Look how big it is. Look how big it is.
• 1:19:31
  Shinormous. All right, so you know, those
• 1:19:33
  were some good memes. Absolutely giant, enormous paper
• 1:19:37
  clip. All right, let me see.
• 1:19:39
  Let me make sure some of these memes review scores are coming
• 1:19:42
  in. OK, we got some.
• 1:19:44
  OK, one second. Oh, my goodness.
• 1:19:51
  You got. So you guys kill me.
• 1:19:53
  All right. Anyways, anyways, anyways,
• 1:19:55
  anyways, where is the first one? Where is the first one?
• 1:19:57
  Here we go. All right. 1st meme review score
• 1:20:02
  is by DW and he goes score. I give these memes a bit Corner
• 1:20:06
  as our next speaker of the house.
• 1:20:08
  Yes, that would be amazing. OK, next one is by Elaine.
• 1:20:11
  Hey Elaine, she goes score. May the multi millionaire bit
• 1:20:14
  corners in 20-30 use their wealth to pave the way to build
• 1:20:18
  a better world. Absolutely agree.
• 1:20:22
  Let's go, Igor. I give the memes a year of
• 1:20:24
  Botardia. Yes.
• 1:20:27
  OK. Next one, Phil.
• 1:20:28
  See, I give these memes. It's 11th grade math people.
• 1:20:32
  It's so simple. OK, next one is by Robert
• 1:20:36
  Vermouth and he goes, I give the memes one Patrick Manhenry and
• 1:20:40
  two Tom Emmers. Let's go Narwhal tacos, he goes
• 1:20:44
  memes. Score 1 Peach pear flavored
• 1:20:46
  lacrosse bubble water. Huge fan.
• 1:20:50
  Huge fan. XX meme score equals one antique
• 1:20:54
  UHF antenna to watch snowstorm. OK, Psycho O5 meme score up the
• 1:21:02
  doing 1 twirl please. Really do.
• 1:21:05
  I don't have enough space. All right, whatever.
• 1:21:08
  Let's do this. What am I?
• 1:21:18
  What am I? Just a piece of meat for you
• 1:21:20
  guys? OK, next.
• 1:21:25
  Next meme review Score by Rand Moore.
• 1:21:27
  It goes Score. BTC Wizard of Oz.
• 1:21:30
  Follow the orange brick road. Yes, let's go TKI.
• 1:21:36
  Give the memes a long position on Bitcoin to cash out on the
• 1:21:40
  pump to 30 K Yes, yes, yes. Wow.
• 1:21:43
  OK, meta Meta score here You dude, you know you got it.
• 1:21:48
  You got it. OK, Opti's new fade genre
• 1:21:51
  genetic mutant score. Opti's trying to incept us with
• 1:21:56
  Operation Paper Clip using a paper clip.
• 1:22:01
  Oh my goodness. Two meta, Two Meta.
• 1:22:05
  OK. All right, guys.
• 1:22:13
  Well, we love you. I'll be shaking.
• 1:22:20
  Yo guys, no more twirls. I can't twirl here.
• 1:22:23
  It's it's unbecoming of me to be a piece of meat for you on the
• 1:22:27
  show. Anyways, we appreciate you guys.
• 1:22:29
  We love you guys. Thank you so much to every
• 1:22:31
  single person that hangs out with us on the chat.
• 1:22:33
  We appreciate every single one of you guys that watches the
• 1:22:36
  show, like share, subscribe. If you are thinking we add value
• 1:22:40
  to your life, we will show up every single day.
• 1:22:43
  Because this is the way. Simply Bitcoin or bust Bitcoin
• 1:22:48
  or slavery. You already know the deal.
• 1:22:50
  Don't share shit coin channel stuff.
• 1:22:53
  Only share Bitcoin signal. It is our duty to wake up our
• 1:22:57
  friends and our family. Much love guys.
• 1:22:59
  Have a good rest of your day and you already know the deal.
• 1:23:03
  Get outside, get your 10K steps and get some sun.
• 1:23:06
  Eat some good food. Call your mom, call your dad,
• 1:23:09
  call your loved ones. Peace out.
• 1:23:11
  I don't know what to do.