Latest / Simply Bitcoin / NEW Bill CONFIRMS $7T A Year is Coming For Bitcoin! (FULL BREAKDOWN) | EP 1281

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NEW Bill CONFIRMS $7T A Year is Coming For Bitcoin! (FULL BREAKDOWN) | EP 1281 · Simply Bitcoin

0:00
The big beautiful bill just passed and is and Donald Trump
0:04
is about to sign it into law today.
0:07
And a billionaire just took the Twitter to expose how this lets
0:10
the US print $7 trillion a year. But I want you to not forget
0:16
that in 2020 when we printed $3 trillion, Bitcoin rallied by
0:20
300% that year alone. So is it crazy to say if we
0:25
print $7 trillion that maybe we'll see a 700% by year's end?
0:32
Maybe. Obviously it's not going to
0:34
correlate exactly like that. But when we see when we break
0:37
this fully down for you guys, I think you guys are going to see
0:40
that Bitcoin is going much, much higher.
0:44
So let's get into this stuff. And of course I am not alone
0:47
here. I have my boy Chris filling in
0:49
fully decked out in 4th of July merch here.
0:53
Looking great, dude, looking wonderful here.
0:55
So again, first news story here. We're just going to cover, you
0:59
know, the House passes the big beautiful bill and it's sending
1:02
it to Trump to sign, as you can see, sending it to Trump after
1:05
bruising struggle. So if you don't know how this
1:07
bill went or how this process went, it basically passed the
1:10
House, it went to Senate, It had to go back to the House again to
1:13
get fully approved. It passed the House again
1:16
yesterday. Just barely.
1:18
Just barely, yeah, just barely passed.
1:21
And from all intents and purposes, it's going to get
1:24
signed by Trump today. I think they said maybe later on
1:27
today around 5 or something of that sort.
1:29
So we can pretty much safely say that this is this is a done
1:32
deal. It's going to get passed.
1:34
You know, I don't know if you're if you think this is a good
1:37
thing or you think this is a bad thing.
1:39
There's people on both sides of the fence, but this isn't about
1:41
the bill in general. This is not about what this bill
1:44
does. It's really more Bitcoin focus
1:46
of what this will do to Bitcoin. And of course, there's some good
1:50
headlines coming out here. I actually saw this one this
1:53
morning and it goes Bitcoin aimed for 150K as Trump's big
1:56
beautiful bill opens the fiscal floodgates.
1:59
As you can see here the story highlights Bitcoin surged 38%
2:03
after Trump's last stimulus bill again in 2020, which was roughly
2:06
around 3 trillion. And with another multi trillion
2:09
dollar our package now looming, traders are betting that Bitcoin
2:12
will follow the money once again and plus through 150 K.
2:17
So Bitcoin price action is no stranger to stimulus driven
2:20
rallies and now that we got this one, which will catapult the
2:24
national debt to $40 trillion, we can expect an incredible end
2:29
of the year. Of course, we all know Bitcoin
2:32
basically pumps because of the Fiat liquidity.
2:35
Well, if they're going to inject more liquidity into the economy,
2:39
into the global economy, bitcoins going to go up, guys.
2:42
If they're going to constantly debase the currency, print bunch
2:46
of money, expand the money supply, inflation's going up.
2:49
It's simple Austrian economics. So you want to be holding hard
2:52
assets. And this is extremely bullish
2:54
for Bitcoiners. Maybe it's not so bullish for
2:57
your living expenses. Things are probably going up.
3:00
Like that's a given here. Again, I don't know which side
3:03
of the aisle you fall on, whether you think this bill is
3:06
good or not, but the facts remain the same.
3:09
If they expand the money supply, by definition, that is
3:12
inflation, which means your dollar's going to get cheaper,
3:16
it's going to get, you know, it's going to purchase less
3:18
things. So you want to be holding hard
3:19
assets. And of course, we are a Bitcoin
3:21
show. We constantly say the best
3:23
thing, the only thing to own is Bitcoin.
3:26
So oh, what's going on, man? These ads here let me let me
3:30
refresh this. I need an ad blocker here,
3:33
Chris. All right.
3:34
Let's see what what do we have? So again, will this stimulus Dr.
3:38
Bitcoin just like it did in 2020 when Trump signed this in 2020,
3:43
Bitcoin gained 38% in just a few weeks.
3:46
But like I told you here, I'll pull up a chart.
3:48
I'm not chart Boeing here, but you can see here 2020 it went up
3:52
300% that year. So you know it's going to I
3:57
think it's going to get pretty, pretty crazy here.
4:00
Now, of course we don't trade. All we're saying is you want to
4:03
position yourself because they're expanding the money
4:05
supply. They're they're going to destroy
4:07
your purchasing power. As I've been telling you, the.
4:08
Last couple of weeks. We've seen that even though the
4:11
Trump administration, Scott Besson and Trump himself are
4:14
saying they want an extremely strong dollar, in their actions,
4:18
they're kind of doing the opposite.
4:20
It seems like they're trying to weaken the dollar.
4:22
And of course, they've been pressuring Jerome Powell to cut
4:25
interest rates. Well, as I covered from Ray
4:27
Dalio the other day, if you have a weak dollar and low interest
4:31
rates, you need to position yourself into a hard asset,
4:35
which of course is Bitcoin. Bitcoin is the hardest asset.
4:38
And then of course, it kind of brings in the idea of the M2
4:41
global money supply with more liquidity, more Fiat liquidity
4:44
sloshing around. It's got to find a home.
4:46
The best home is, of course, Bitcoin.
4:48
So, you know, I've been saying for a minute, I think we're
4:51
going to see an incredible end of the year.
4:53
And now it does feel like a perfect storm is coming into
4:56
Bitcoin. The more money they print, the
4:59
higher Bitcoins going to go. I think it's just pretty simple.
5:02
Do not complicate this. I'm convinced this is what's
5:06
going to happen. Of course, this bill isn't
5:08
official yet, but we can pretty much confirm that it is official
5:13
today. So they're going to be printing
5:15
a bunch of money. A bunch of money is going to get
5:17
created. You need to hold something other
5:21
than dollars. Now, Chris, I do want to bring
5:23
you in here before I really break down the math because Ray
5:27
Dalio did another great tweet about just how insane this math
5:32
is. And of course, he did just write
5:34
a book talking about how countries go under because of
5:37
debt crises. He is.
5:40
He's ringing the panic alarm right now.
5:42
And I think this big beautiful bill is one of those, you know,
5:46
indicators just showing. Look, as Lynn Alden's been
5:49
saying, nothing stops this train.
5:51
In fact, we might have just gotten an acceleration of this
5:54
train because now they're gonna print more than ever the biggest
5:57
expansion I think we've seen in forever.
6:00
So on just that idea, the bill passing, they're gonna, they're
6:04
gonna destroy the purchasing power of the dollar.
6:07
It's gonna go into Bitcoin. And then we'll break down the
6:09
math. Yeah, I mean, printer's gonna
6:12
print, right, Opti? So I, I mean, I have not really
6:16
dug into this bill a lot. You know, I've seen kind of the
6:19
back and forth with Trump and Thomas Massie.
6:21
And, you know, Trump, I feel like he's kind of not coming up
6:24
to a lot of his promises that he went on the campaign trail for.
6:27
Like, obviously he said no more wars.
6:28
Obviously there was the 12 day war of, you know, Israel, Iran
6:32
and backing by the US. You know, obviously he said he
6:36
was going to balance budgets and then like he's printed 7 or $9
6:39
trillion for whatever the amount is an astronomical amount of
6:42
money. And then just like the irony of
6:44
it all that like, you know, Trump obviously is not one to
6:46
let things go, but like even like people that hated him or
6:49
never Trumpers are now in his cabinet, Marco Rubio and JD
6:52
Vance, just to name a few. But then he goes after Thomas
6:54
Massie, which if you're going to go after anyone in Congress and
6:57
Senate, which I'm not saying you can't go after anyone.
7:00
I'm not saying you can't even go after Thomas Massie.
7:01
Like you're free to do what you want.
7:03
But like, Thomas Massey is probably the he most loved
7:06
congressman or woman or, you know, a senator in the entire,
7:10
you know, in the entire US like congressional group.
7:14
And it's just very funny that he's going after Thomas Massie
7:17
for basically saying, no, I don't want to sign this bill
7:19
when historically, when you look at his voting record, he never
7:22
votes to expand the budget deficit until we bounce the
7:25
books. So I don't know.
7:26
It just seems like Tom's Trump's doing a 180.
7:29
And yeah, I haven't really dug into the big beautiful bill yet.
7:32
I definitely going to spend some time probably next week looking
7:34
through it and kind of see you what comes into it.
7:36
You know, I hate to say like these omnibus bills, but it's
7:39
like, it's almost like I remember Nancy Pelosi saying
7:41
years ago, like we're not going to know what's in this bill till
7:44
we sign it. I'm like, that's like not how
7:46
democracy should be. That's not how this thing should
7:49
be, should not be that these large corporations just get to,
7:52
you know, send a gigantic print out of shit they want in the
7:55
bill and then like slowly narrow it down.
7:57
They have like 72 hours to review like 3000 pages, which no
8:01
one in their right mind could do reasonably.
8:03
So I don't know. Well, I guess we'll just wait
8:06
and see. I think everything's good for
8:07
Bitcoin money Printers go Burr Bitcoins in to go up.
8:10
I mean, that's that's all I that's all my speculation that I
8:13
got. So stay humble and stack sacks.
8:15
Yeah. I mean, on the on the politician
8:17
reading Bill's part, you think it'd be their job to read what
8:20
is actually in the bill instead of just putting, you know,
8:23
what's the auto pen on it? It's like, guys, this is your
8:27
job, you should know what's going in.
8:29
But of course, you know, 72 hours to read 3000 pages, I can
8:32
barely read like 30 pages in 72 hours.
8:34
So like, you know, it, it's just not physically possible.
8:38
So, you know, there's that part. And yeah, it's this is all good
8:42
for Bitcoin. Now, you said you didn't read
8:45
what was actually in the bill. I don't think a lot of people
8:47
have read. I did see, I mentioned it
8:49
yesterday, a Peter St. Onge video and I and I didn't
8:52
fully clarify if there was any adjustments to what passed the
8:57
Senate. But from what Peter St.
9:00
Onge was saying, they're going to raise the debt ceiling to
9:02
about four or five trillion. There is some tax cuts in it and
9:07
the spending cuts are like negligible so.
9:11
You know, he gave it. I think it.
9:12
Was an A minus on the tax cuts, AC minus on the spending cuts
9:17
and an absolute F on the debt ceiling 'cause they're just
9:20
raising it all right, but I do have some numbers here from Ray
9:24
Dalio, so I'm gonna pull those up and then this is where the
9:28
masks really start to get crazy and I when I saw this tweet I
9:31
was like Oh my goodness like the this isn't the big beautiful
9:35
bill. This is the big beautiful print
9:37
guys. This is this is how we should be
9:39
framing this. This is going to get nuts.
9:41
So here we go. This is Ray Dalio.
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Of course, billionaire investor. You guys probably know who Ray
9:47
Dalio is by now. He tweeted yesterday.
9:50
Yeah, yesterday afternoon and he goes.
9:53
Now that the budget bill has passed Congress, we can see what
9:55
the projections look like for deficits, government debt and
9:58
debt service expenses in briefs. The bill is expected to lead to
10:02
spending of about $7 trillion a year, with inflows of about $5
10:06
trillion a year. So the debt, which is now about
10:09
6 times of the money taken in 100% of the GDP and about 230 K
10:15
per American family will rise over 10 years to about 7.5 X the
10:20
money taken in 130% of GDP and $425,000 per family.
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That will increase interest and principal payments on the debt
10:29
from about 10 trillion or 1 trillion in interest and 9
10:32
trillion in principal to about $18 trillion of which 2 trillion
10:37
is interest payments. Which will lead to either a big
10:40
squeezing out and cutting off of spending and our unimaginable
10:43
tax increases, or a lot of printing and devaluing of money
10:46
and pushing interest rates to unattractively low levels.
10:50
This printing and devaluing is not good for the those holding
10:52
bonds as a store hold of wealth. And what's bad for bonds in US
10:55
credit markets is bad for everyone because the US Treasury
10:58
market is the backbone of all capital markets, which are the
11:02
backbones of our economic and social conditions.
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Unless this pass is soon rectified to bring the budget
11:09
deficit from roughly 7% of GDP to about 3% by making
11:13
adjustments to spending, taxes and interest rates, big, painful
11:16
disruptions will likely occur. So not sounding too good when
11:24
Ray Dalio said to jump in. Chris, yeah.
11:26
What's your thoughts reading this and we can break it down
11:28
some more? Yeah, obviously Ray Dalio had
11:30
another book, what is in 2020 or 2021, The Changing World Order
11:33
talking about, you know, the rise and fall of empires.
11:36
Obviously his thesis was the US is, you know, if you follow the
11:39
4th turning every 80 years, there's a large business cycle
11:42
every 240, every 250 there's, you know, a rise and fall of an
11:45
empire. The US being coinciding on, you
11:47
know, our 200 and the 49th birthday of the nation of the
11:50
United States basically saying that like the US was, you know,
11:54
a dominant world superpower and we're slowly in decline.
11:57
China will surpass us is kind of what he's saying.
11:59
Obviously we were talking a little bit yesterday about the
12:02
sovereign individual that like a lot of people see Bitcoin or
12:05
Bitcoiners or digital nomads basically being the future
12:08
rising, rising superpower. So it's kind of a decentralized
12:11
autonomous, you know, swarm of people, you know, cyber Hornets
12:15
basically. But a lot of people are saying
12:18
that, yeah, I like, I don't know, we'll see it 2 superpowers
12:21
coinciding at the same time. But I do think right now is
12:24
hitting the nail on the head. Like, what destroys empires is
12:26
amount of like a surplus of debt that they can't service and
12:30
ultimately leads to a collapse. Normally when that collapse
12:32
happens, it's normally violent. There's normally civil unrest
12:36
and it's only a very dangerous time.
12:37
So obviously being an American and you know, being in the
12:40
United States as well as you, OP, be like, this is not
12:43
something I hope we can see Many Bitcoiners said over the at
12:46
least the last 10 years, like we're hoping to build a parallel
12:49
economy or a parallel system that people can slowly
12:52
transition to as the other Fiat economy is collapsing into
12:56
oblivion. But you know, that's just trying
12:58
to be the forever optimist. I know optimist fields trying to
13:01
be optimist out here, but we'll see.
13:03
Yeah, You know, I'm not going full dollar doomer here.
13:07
I'm not saying, you know, the US empire is is going to collapse
13:12
this year or even during the Trump administration.
13:15
That's not that's not kind of where my head at is at right
13:19
now. All I'm saying is they just
13:21
expanded the money supply that literally by definition means
13:24
inflation. So if you are not holding
13:27
Bitcoin at this point, if you are not at the very least.
13:30
Doing some research into what Bitcoin is.
13:33
Your savings are going to get decimated if you're holding the
13:35
dollar, yes, maybe you can, you know, maintain kind of parity if
13:39
you are in stocks, but you need something that's going to
13:42
outperform the market. You need something that cannot
13:44
be debased. You need to get your savings
13:46
into the hardest money period, which is of.
13:48
Course, Bitcoin. That's why we are bitcoiners.
13:51
That's why when you look at the charts, you look at, you know,
13:53
what's going on in the geopolitics and domestic
13:56
politics here in the US or your domestic politics in your
13:59
country. It's all pointing to one thing
14:02
you need to get Bitcoin and this is the only thing and not only
14:05
buy get Bitcoin exposure here you need to hold Bitcoin in cold
14:09
storage that. You directly control that's the
14:13
only way to protect yourself throughout this whole thing.
14:16
But you know, hey, a lot of money is coming on so I wish I I
14:20
wish I had the Jerome Powell money printer is about to go
14:23
Burr moment here, but the the money printer seemingly just got
14:28
turned on guys, which is usually.
14:30
Historically very bullish for Bitcoin.
14:33
The Opti I'll add one last point.
14:35
Greg Foss, good friend of the show, obviously, you know one
14:37
thing that he's always said is that like the US dollar is the
14:41
best horse at the glue factory. So like even with as bad as the
14:44
outlook this looks with the United States with money printer
14:46
going Burr with the debt per GDP going up with the debt per
14:51
family per per person per taxpayer going up.
14:53
At the end of the day, the US dollar is still the best horse
14:57
at the glue factory at so to speak.
14:59
But with that being said, you don't, you don't have to be a
15:01
horse for the slaughter. You can go transfer to Bitcoin,
15:04
you'd be successful. You can build a great life, stay
15:06
humble, Stacks that. That's it.
15:08
That's the advice. We keep saying it and I
15:10
definitely think that's the outlook you should take here.
15:12
Yeah, we're we're a broken record by by by a huge amount
15:16
here. And actually, to your point, you
15:19
know, the dollar being the best horse, you know, fastest horse
15:22
at the glue factory, there was some interesting stuff that did
15:25
come out from Bricks Nations again this week or sorry,
15:29
probably the end of last week. We've been hearing a lot of
15:33
rumors about the BRICS countries creating their own currency.
15:36
We saw Russia kind of deny this in the beginning of the year.
15:40
It seems like, you know, Xi Jinping is not really on board
15:44
with it. And then we had Modi from India
15:46
this week basically say this is not going to happen.
15:49
I think they're I think they're angling was they really don't
15:52
trust China in this process. But they specifically said like
15:55
we are not making moves to go into a BRICS currency.
15:59
Like the dollar is still the strongest.
16:01
We want to maintain our relationship with the US.
16:04
Obviously, I think the Bitcoin doomer U.S. dollar doomers out
16:09
there, it is easy to fall into the doomer trap and that's why I
16:14
don't want to necessarily say that yo like the.
16:16
Dollar is going to. Collapse tomorrow or any of
16:18
that, that kind of hyperbolic sentencing.
16:22
But the one thing's the same, like your purchasing power is
16:26
going to get decimated here. Like inflation's going to go up.
16:30
You need to protect yourself. Everything we're seeing is
16:33
they're going to turn on the money printer again, global
16:35
liquidity is going to go up. It's all got to find a home and
16:40
all of that's going to have to smash into 21 million coins.
16:43
So number's going to go up for Bitcoin.
16:47
Your number's going to go up for Bitcoiners.
16:50
A lot of the people around us are probably going to start to
16:54
feel the pain and we're going to be sitting here waiting for them
16:56
and be like, guys, we have the perfect solution.
16:58
It is, of course, Bitcoin. And I did give you an anecdote.
17:01
One of my friends who's been a long time skeptic hit me up this
17:04
week and he was telling me that exact story.
17:07
He's like rents getting more expensive.
17:09
I'm seeing businesses go down. He's like, I have some money in
17:12
stocks. Like do you think I should be
17:14
buying some Bitcoin? I'm like, bro, I would have been
17:16
buying that Bitcoin a long time ago.
17:18
I've been telling you this for 8-9 years or whatever it is now
17:22
at this point and he's like, it's starting to make sense.
17:25
So again, I think now is not the time to just be very naive here
17:31
and just dunk on everyone. Like now is the time to maybe
17:34
reach out to people. I know, I know we're tired of
17:36
talking about Bitcoin. You got that like orange pill
17:39
fatigue because no one's been listening to you forever.
17:43
Now is the time that we should probably be a little more
17:45
gracious. We should we should probably be
17:47
a little less impatient with people because.
17:50
This is the time. People are going to start
17:53
looking for the alternative and of course that is Bitcoin.
17:56
So here we are, man. It's getting very interesting as
17:59
a Bitcoiner and then all the other stuff going on, the
18:02
Bitcoin treasury companies. Actually, Chris, you want to
18:05
drop that hot take about the Bitcoin treasury companies real
18:09
quick because I did find that kind of interesting.
18:12
Yeah, well, I'm basically saying you're gonna have to remind me
18:15
here. It was basically.
18:15
How about the mem pools being cleared?
18:17
And Oh yes, yes, so like I was saying like, oh, Opti, like the
18:20
mem pools are clear right now, which is interesting because all
18:23
these Bitcoin treasury companies are popping up saying they're
18:25
buying Bitcoin, but it's like, why are the mem pools clear?
18:28
Like we had way more backlogs because of ordinals and all
18:31
that, like, you know, BS on Bitcoin.
18:33
But right now, like, you know, one SAT per V byte can get you
18:36
into the very next block. There's outstanding right now
18:38
there's 850 outstanding transactions.
18:41
So just very curious that all these Bitcoin treasuries
18:43
companies are popping up. They're buying millions, if not
18:46
billions of Bitcoin, billion dollars worth of Bitcoin.
18:49
But then, you know, the Mempholes are still empty.
18:52
So I'm saying like this is bullish because we're sitting at
18:55
$107,000 right now, you know, and we're still at this, you
18:58
know, high relative to bitcoins history.
19:01
Like, you know, we're just shy of the all time highs and we're
19:04
not even ripping yet, which just goes to show a lot of these
19:06
Bitcoin treasury companies are basically just Coinbase treasury
19:10
companies as they buy on most likely Coinbase and don't even
19:13
withdraw to their own self custody.
19:15
So I think this is bullish and even I'm at the sentiment too,
19:18
where I have friends like, oh man, I should have bought
19:20
metaplanet. Oh, should I buy XXI?
19:22
Should I buy Coinbase? Should I buy XY?
19:24
Like all these different companies, It's like, wow, this
19:26
is this is it. The people are getting tired of
19:28
Bitcoin. This is when you go all in a
19:30
Bitcoin to see the RIP it to the high side later on.
19:32
Like people are like, oh, all these treasury companies are
19:35
outperforming Bitcoin. It's like that's when Bitcoin
19:37
causes the amount of most pain that people are levering up
19:40
their, their stocks with MSTR and all their different options
19:44
strike the, you know, strike their bond offering or whatever,
19:47
the convertible debt note, all these different things.
19:49
Like this is when you start buying more and more Bitcoin,
19:52
Not, you know, or you can be like me and Opti, we just never
19:54
stopped. But you know, we're looking
19:55
around. It's like the meme of like,
19:57
wait, you guys are getting paid Like you guys, you guys never
20:00
seen you guys stop buying Bitcoin.
20:01
We never stopped. Yeah, no, I mean, when you break
20:04
it down like that, it's like, OK, Bitcoins up at 100K, there's
20:08
supposedly billions of dollars. Yeah, there's supposedly all
20:12
this demand for Bitcoin, the mempholes are absolutely cleared
20:18
if we're holding on this strong and there's actually no Bitcoin
20:22
buying. Like just imagine when there's
20:23
actually some Bitcoin buying going on and you see it clear on
20:26
chain. It's like, all right, you know,
20:28
everyone's saying, hey, you know, the, the Bitcoin treasury
20:32
companies are the bubble and you're like.
20:34
They haven't even bought Bitcoin yet.
20:35
This. Is going higher.
20:37
What are you talking about? Oh man, that's crazy.
20:40
All right, I do want to pull a chart out.
20:42
You know it's Friday. Let's have a little fun.
20:45
Let's let's just speculate a little bit.
20:47
I'm I'm going full chart boy on you guys a little bit.
20:49
Not not really. Actually, I'm don't don't mind
20:52
my one line here. Don't don't mind that line here.
20:55
Again, I showed you this candle here, which is January 20 and
21:00
now I'm on the 12 months. So this is a yearly candle from
21:04
what? The low or actually the open was
21:06
7161. The close was 28,993 and I'm
21:12
gonna just, you know, simplify this based on obviously demand,
21:16
but $3 trillion of money printing.
21:18
Well, let's just see if if that math works out guys, again, you
21:23
guys can throw tomatoes. Call me an idiot all you want,
21:25
but hey, let's just throw some hypotheticals here.
21:27
You know what let's Luke's not here, but we can get bullish
21:31
this year 2025 opened at 93,000. We don't know when the close is,
21:37
but as you can see, I did put a 700% price gain here, which gets
21:43
us pretty comfortably into oh man hold on pretty comfortably
21:48
into the 700K range. Maybe you know mid 700.
21:54
I'm not saying that's going to happen.
21:57
All I'm saying is it could happen.
22:01
OK, so hey, do with that information what you will do not
22:04
do anything crazy. Don't get over leverage.
22:06
Just keep buying Bitcoin. But wouldn't it be nice if we
22:09
ended the year around 700K? Everyone's saying 150K top.
22:13
I'm like, bro, get get your doomer bearish price predictions
22:17
out of the chat here. We we stay bull tarted.
22:20
It's Friday, it's 4th of July here in America.
22:23
We're going to get super bullish on today's show.
22:25
So you know. I I don't.
22:28
This is not financial advice, but just show 700K to your
22:31
friends. And.
22:34
Family let them get mad at you. No, that was a joke, guys, I'm.
22:38
I'm trolling. That was totally a joke.
22:39
Was it totally a joke? OK.
22:43
All right guys. I do want to remind you, of
22:45
course the smash the like. Button comment on the show do
22:49
you think? This money printing is going to
22:53
send Bitcoin to the stratosphere.
22:56
Or are we just, you know, stupidly bullish and you know,
22:59
we have 45 Iqs and we're just making stuff up.
23:02
But let me know in the comments here and of course, hit the
23:05
subscribe button. We drop the most content and the
23:08
best content out of any Bitcoin channel on YouTube.
23:12
Man feels it feels I'm I'm feeling good today, 4th of July.
23:15
I'm I'm feeling the vibes anyways, we do want to give a
23:18
shout out to our boys over at Bitcoin.
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24:07
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All right, guys, hey, look, I see you guys in the chat about
25:47
the whale moving the coins. I'm planning on talking about in
25:51
the in the news today, guys, we're, we're going to hit on it.
25:54
OK, guys, I, I, I already had this prepared.
25:57
All right, you, you don't have to yell at me because we're not
25:59
talking about I'm going to cover it, OK?
26:01
But first, of course, we're in the numbers.
26:03
So I'm over here on Clark Mundy's dashboard.
26:05
The current Bitcoin price is 107,720.
26:10
Interesting news. Bitcoin went up to like one on
26:12
nine. It's kind of retesting.
26:14
I'm still convinced. Again, I've been battling my
26:16
friend in the DMS. He's telling me like bearish divergence on
26:20
the one hour chart or something. I don't even know what he's
26:22
saying. I know who it is.
26:24
Yeah, you do. You totally know who it is.
26:25
I'll send you in the DMS. I'll send it to you right now and but
26:33
I'm like, I've been totally, I'm like bull flag breakout,
26:35
confirm, like we're going up. You know, it broke out
26:40
yesterday. I think it's testing.
26:42
I think this is very healthy price movement right now.
26:45
So you know, don't get scared there.
26:47
It's not going to 0 or whatever you're saying.
26:49
Anyways, the block height is currently at 904,000 and four
26:53
again 904004. The market cap is $2.14 trillion
26:59
and the Bitcoin versus gold market cap is only 9.16%.
27:02
We're not even at 10% of gold market cap.
27:05
And of course the decline from all time high and everyone's a
27:08
doomer out there. Is that -3.8%.
27:11
It, it literally, it makes no sense to me.
27:13
We're, we're basically at all time highs and everyone's like,
27:16
bro, it's over dude. I'm looking at the charts.
27:19
You know, I'm not a chart boy, but I do like to look at the
27:22
charts. I'm like, this is a bullish
27:24
setup. I I think not only is the chart
27:27
telling me it's bullish, but now we're getting a, a new brand, a
27:31
new freaking inbound liquidity from the US government.
27:36
You know, as Chris is saying, Bitcoin treasury companies are
27:38
buying, supposedly buying all this Bitcoin, but the men pools
27:41
are empty. I don't know man, this.
27:45
Is a this? Is super bullish to me.
27:47
This is all saying one thing. We're going higher, way higher.
27:51
Anyways, there is this clip. So Bill Miller the 4th.
27:54
I don't know if you know him, but billionaire investors, dad's
27:57
a legendary investor. He's been in Bitcoin for a long
27:59
time. The reason I want to play this
28:00
clip, it's because it really aligns perfectly with the
28:04
beginning of the show. So if you're new to Bitcoin,
28:06
maybe you don't understand what we're saying and you're just
28:08
like, what is all of this liquidity hard money talk?
28:11
You know, I have someone on Rumble that's saying how is
28:14
Bitcoin hard money, man? Like it lives on chips.
28:16
And I'm like, do you do you know what hard money is?
28:19
He's like, I can't hold it. It's not hard.
28:22
I'm like, bro, you, you must not know what hard money is.
28:24
Anyway, he did this really good clip yesterday and I think it's
28:27
a perfect, you know, butt end to the previous conversation in the
28:31
first segment. So let's hear what you know some
28:33
more billionaire investors think about Bitcoin.
28:36
I think Bitcoin is going to be ultimately be one of the major,
28:40
I mean the, the premier source of collateral globally replacing
28:46
the dollar, replacing every other reserve situation.
28:49
If you think about the what money's meant to do, it serves
28:53
those, those roles so much better.
28:55
What you'll see over time, I think you're going to see the
28:57
volatility come down over time as adoption grows and it's just
29:00
going to become a much more widely used and considered
29:04
asset. It's so simple.
29:08
Like it's so simple. Bitcoin is going to ultimately
29:11
be the premier source of collateral globally, maybe not
29:15
in our lifetimes, but it's going to replace the dollar.
29:18
It's going to replace every other reserve.
29:20
As we've been showing you guys on the show constantly, there is
29:24
a, you know, 1 quadrillion, 1000 trillion dollars being used for
29:29
global capital. Bitcoin is at .2%.
29:33
If you don't think Bitcoin is going to go higher than that,
29:36
like you really don't understand the macro landscape.
29:39
You really don't understand how the money game works.
29:42
It's a 0 sum game. Bitcoins going to take it all.
29:45
Now we did see the clip of, I think it was, man, I'm blanking
29:49
on who it was. Someone pretty influential was
29:52
saying, look, I'm not a, I'm not one of these guys saying that
29:55
Bitcoin's going to be half the value of everything in the
29:58
world. He's like, but you should
30:00
probably get, you know, 40% in your portfolio.
30:02
It might be 10%, it might be two, 5%.
30:05
Well, I'm taking the opposite. I am saying it's going to be
30:08
half of the world's global capital right now.
30:11
And if you think we're topping out at .2% of global capital,
30:16
you got some research to do. But Bitcoin's the best money.
30:19
It's a pristine collateral. As we're seeing right now, it is
30:21
starting to kind of get financialized in this idea of it
30:24
being pristine collateral, whether you like it or not,
30:27
whether you think it's the right way, you know, you can implement
30:29
the Bitcoin treasury strategy on a personal level and you can
30:33
also protect yourself. This is really what it is like,
30:36
protect yourself here. It's not.
30:38
So like I did come into Bitcoin with the idea like, oh, you
30:41
know, more of a utopian view, like everyone in the world's
30:44
going to get richer and we, what can transact on it.
30:47
I'm, I, I, maybe I'm a jaded Bitcoiner at this point, but I'm
30:50
like, look, that's all well and good, but I'm just here to
30:54
protect myself and my family here.
30:56
And if everyone does this, this is going to get absolutely nuts.
31:01
So yes, I am saying Bitcoins going to be a $500 trillion
31:04
market cap minimum. So, you know, pristine
31:08
collateral, hard money, perfect money, best money in the world.
31:11
It's just simple, guys. They just simplify it into
31:13
memes. But yeah, Chris, jump in.
31:16
How do you like this clip? No, it's a great clip.
31:18
I actually had the fortunate privilege of meeting Bill Miller
31:21
the third, his father and Bill Miller the 4th.
31:23
That was in that clip. And Bill Miller the third, I
31:26
mean, he's a legendary investor. His, his investment track record
31:29
speaks for his self. But in late 2021 or early 2022,
31:32
he's like, yeah, like basically My Portfolio is a 5050 split.
31:35
It's 50% Bitcoin and 50% Amazon. And it's like, dude, if you're
31:39
going like that, like you're fucking goaded status there.
31:42
And even his cost basis for Bitcoin, like of, you know,
31:45
they're worth billions. So you can just do the simple
31:47
math that he has billions, literally billions of Bitcoin.
31:49
His average cost basis for the amount that he has a Bitcoin was
31:53
$500 per Bitcoin. So you know, he's doing quite
31:55
well with his investment and he's like just letting it
31:57
fucking ride. So he props to him and his dad.
32:00
Yo, 500, hold on. I'm trying to find a comment
32:04
here, $500 per Bitcoin sounds great.
32:07
It sounds like the lightning goats.
32:08
He says you guys have 45 Iqs and the money printer.
32:11
It's killing the dollar. Both are bullish.
32:13
Let's go. Yeah, man, it's it really is
32:19
incredible at this point, just like how hard people fight
32:23
Bitcoin. Like obviously we, we we're
32:27
biased here. We're Bitcoiners.
32:28
We we've all probably read the same source material.
32:32
We, we're, we're all drinking the Kool-aid.
32:35
But it is incredible just how much Stockholm syndrome the like
32:40
global population has in regards to Fiat money or this idea that
32:44
only the government can issue money.
32:46
And this new revolutionary idea of a money Ledger that can't be
32:50
corrupted by anyone, not even the creator of it.
32:53
Like, it seems like such an alien technology, something
32:56
that's like that could never possibly work.
32:58
And yet it's been working for the last 16 years.
33:01
It's at what, you know, a little above $2 trillion market cap has
33:05
it's an up time of what, 99.99998 or something like that.
33:10
And now we're seeing the world and the traditional financial
33:14
world catches global FOMO around it.
33:16
It's just it I, it's hard to see how people still fund Bitcoin.
33:21
It's, it's hard for me to see at this point just how people, you
33:25
know, fade Bitcoin. It's like, but again, I've been
33:30
doing stuff like this before Bitcoin and I'm always thinking
33:34
like that one meme, like it's a whole crowd and it's a Bitcoin
33:37
or like, yes, you guys are all wrong.
33:39
So maybe, maybe I still have a brain here.
33:43
I know a very low functioning brain, but there's still a
33:46
little bit of critical thought here in my brain.
33:48
It's still, it's still just mind blowing how people don't
33:51
understand what's going on. And also on that side, I, I
33:54
don't really blame a lot of people.
33:56
Like if you're living, you know, paycheck to paycheck, you're
33:59
working 40 hours plus you have a family.
34:01
Like you don't have time to sit and listen to 40 hours of
34:04
podcast of a Bitcoin podcast a week like the bugle was talking
34:07
about. So there is factors going into
34:09
this, but you think by now people would start to kind of
34:13
wake up and maybe they are waking up slowly, it's just the
34:16
bell curve. Meme yeah, just the bell curve
34:18
meme. You know, Athi and I are on the
34:19
left side there's really smart people on the right side and the
34:21
people in the middle that are complaining like, oh, you need
34:23
to buy stocks, bonds, real estate it's just like just buy
34:25
Bitcoin. That's the left and right just.
34:29
It's so simple. It's absolutely simple.
34:32
All right, guys, let's let's get into the story that everyone's
34:34
yelling about. Let let's, let's not, let's not
34:37
drag this on too long. Let's get to the news.
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Yeah, yeah, exactly. I'll send you guys my seed
37:53
phrase later but no man, this orange looks so cool.
37:56
It honestly looks cooler in person than it does on on the
38:00
website. All right guys, let's get into
38:02
the news story here. So everyone in the chat has been
38:07
saying I'm sure if you're on Twitter, you might have noticed
38:09
this. If you're not, then you know
38:11
here is the big news. I think coming out of a lot of
38:14
Bitcoin circles is this they're kind of connecting this to the
38:19
price going down. I don't know if that's really
38:21
what happened, but there was a lot of rumors flying around.
38:24
So Bitcoin loses 108 K as 14 year old Bitcoin moves and
38:29
sparks Satoshi rumors. So Bitcoin is the subject of
38:33
rumors as a wallet holding 80,000 Bitcoin coin suddenly
38:37
reactivates after a 14 year hiatus.
38:40
Absolute legend, absolute legend.
38:43
So Bitcoin price loses near 2% on the day as a 14 year old coin
38:46
suddenly move on chain. Explanations include an
38:49
unsubstantiated claim linking the Bitcoin wallets involved to
38:53
creator Satoshi Nakamoto. And then the price comes for BTC
38:58
long as a result with shorts massing above 110 K.
39:02
So the price, you know went down.
39:05
A lot of people were saying that, that it, it's obviously an
39:07
OG, but people are kind of linking the price dip to this
39:11
idea that, oh man, Satoshi moved his coins.
39:13
I don't know if you guys saw, what's the guy's name?
39:16
Something Stevenson, he's been talking about.
39:18
He's the the Fiat Times economist.
39:21
He's got the British accent. He's like, if I was Satoshi, you
39:24
know, I would sell my million coins and I would turn marketing
39:27
campaign on. So all these disenfranchised
39:30
boys out there give me their whole life savings and it's
39:35
like, that's the best you got anyways.
39:38
Data from toy, data from Coin Telegraph Markets and Trading
39:43
me. All right, That's the price.
39:43
Sorry let me go down here we go. A Bitcoin OG holding at least
39:48
80,000 and nine Bitcoin woke up after 14 plus years of dormancy
39:52
and transferred out 40,000 Bitcoin today valued at 4.35
39:57
billion. This OG controls about 8
39:59
wallets, 2 of which received 20,000 Bitcoin at 15,600 at the
40:04
time 2.18 billion now on April 2nd 2011.
40:09
When here actually let me I thought I had this one up.
40:12
Let's see when the price was. Oh, getting wrecked.
40:16
OK, here we go. When the price while Bitcoin was
40:20
just $0.78. Absolute legend to be completely
40:26
frank here. Now let's go back here a little
40:29
bit. Of course everyone on Twitter is
40:32
saying that it's it's you know, wallets connected or you know,
40:37
transactions linking to Satoshi. He turned 62,000 into 4 billion.
40:43
That's a 64,500 X return on his investment and everyone's saying
40:48
man, I I Satoshi's selling his coins and the price apparently
40:53
may be retracted to it. Now going further, apparently
41:00
all 80,000 Bitcoin have moved now people in the chat were
41:03
saying oh, this guy sold you know 80,000 Bitcoin to be clear,
41:10
we don't know if he sold it. These coins had just moved.
41:13
So who knows maybe he's updating them from legacy addresses to
41:18
you know, some new cold storage sets setups and there there is
41:23
some speculation of who it is. I I don't want to speculate on
41:26
that. I, I think that's bad form here,
41:28
but you guys can find it on Twitter.
41:29
But two things kind of obviously I think are glaring in my mind.
41:35
One just absolutely incredible returns like 2011 OG moved some
41:41
coins now in 2025 huddled for 15 years.
41:45
The gains are incredible. The second part is more leaning
41:50
towards the idea of, you know, there's always this speculation
41:54
of just how many lost Bitcoin there are.
41:56
And I know for a lot of times that, you know, throughout the
41:58
years there's people saying that, hey, you know, all this
42:01
lost Bitcoin, we should kind of fork the code so that we can
42:05
sweep that old coin because they're probably lost or you
42:09
know, the person died or something like that.
42:12
I think this kind of proves the opposite.
42:14
Like there is just some OG holders out there that are
42:18
holding this thing forever or at least for a very long time.
42:22
And I think we might be seeing more of these.
42:25
Like I think if the price does start running this year or even
42:28
in the next four or five years, like we will probably see a lot
42:31
of dormant addresses start to wake up and people start to move
42:36
them, maybe even potentially sell them.
42:38
But I, I obviously from what I saw, the rumors of it being
42:43
Satoshi's coin are unsubstantiated.
42:45
Like it, it's not linked to Satoshi.
42:47
Again, I don't want to speculate on whose coins that is.
42:50
That's bad form. But 80,000 Bitcoin from an OG
42:55
wallet did get moved today. And maybe it did kind of spook
43:00
some people. And maybe that's the reason why
43:01
the Bitcoin price retraced. I think it's more of just like a
43:04
healthy price, you know, retractment before we start
43:07
going moon, but it is pretty interesting.
43:11
I I really I, I find it very interesting that some old coins
43:15
starting to move around. It really makes me think maybe
43:18
there's a there's, there's a lot less lost Bitcoin out there.
43:23
You know, the the numbers that people speculate is like 4 to 5
43:26
million. We know the million of million
43:29
Bitcoin that Satoshi are, you know, Patoshi coins that are
43:33
linked to Satoshi or thinking they're linked to Satoshi.
43:36
I don't think Satoshi was ever going to move those.
43:38
I'm I'm kind of on the idea that the, you know, Satoshi's gone
43:43
kind of vain here, or rather maybe he kind of burnt those
43:46
coins, seeded that million coins and he's never going to touch
43:49
that. He was probably mining some
43:50
coins to wallets that we don't know.
43:53
You know, that's kind of where I always link it, but it is very
43:56
interesting to see some really old coins start to move now.
43:59
And I I it really it just makes me think like a there's probably
44:03
some OG holders of those, you know, quote lost coins that
44:08
they're going they're going to start waking up.
44:09
So I think this is kind of bullish, to be honest.
44:12
I know the price did the opposite.
44:14
But hey, the O GS are still here.
44:17
They're still believers. I find that kind of bullish.
44:19
Chris, what was your thoughts seeing this this morning?
44:21
I mean, it just goes to show, I mean, obviously you can have
44:24
multiple wallets, you can have multiple different addresses.
44:26
So we're just seeing this one wall with 80,000 Bitcoin and
44:29
it's like maybe that was that guy's deep cold storage.
44:32
And he's like, like, to your point, moving it, updating it to
44:34
a segue address or even to just a new cold wallet set up, maybe
44:39
even a taproot address. But to your point, and like
44:43
maybe they had like 100 bitcoins that they like mine two
44:45
different blocks back in the day, back in 2010, 2011, 2012 at
44:49
like the 50 block reward, they mine two blocks and they're just
44:52
living their life off 100 bitcoins, which is more than
44:55
enough. And then they have this 80,000
44:57
Bitcoin in deep cold storage. To your point, I don't think the
45:00
Internet was saying that they moved to an exchange because I
45:03
obviously a lot of the exchange addresses people know, or they
45:06
at least have, you know, probable analysis of like these
45:08
certain addresses that they see a lot of coins go in and coins
45:11
go out. Obviously they're doing
45:12
consolidations in terms of inputs and outputs.
45:15
And a lot of times even I've talked to people that run
45:17
Bitcoin exchanges, normally it's a good practice to only use an
45:21
address that has been used previously.
45:24
I know that's horrible for an individual in terms of privacy.
45:27
But when you're running a regulated KYC exchange, it's
45:30
best practice because the last thing you'd want to do is to
45:33
send to an address that's never sent coins out before, meaning
45:36
that that address doesn't have AC phrase that works Like if you
45:39
were to accidentally send to address that you've never tested
45:41
sending out of, you know, you could really screw yourself.
45:44
Obviously, they do things to test into it.
45:46
Send $5 in, send $5 out, send $20 in, $20 out.
45:50
What you know, in exchange, that's part of their operating
45:52
expenses, I'm sure. But you know, I know I was
45:54
talking to to River CEO Alex and he was saying like, yeah, like
45:58
it is our policy that you are not allowed to send to an
46:01
address that has not previously been used before to send out of
46:04
because of fear of accidentally sending a bunch of Bitcoin to an
46:07
address that actually you've never sent out because the seed
46:09
phase seed phrase was written down wrong or, or something went
46:12
wonky in the setup that you're not able to move those coins.
46:15
Yeah, and someone said, I'm trying to find the comment here
46:18
because someone, someone did say something that was absolutely
46:22
crazy when talking about these coins being moved.
46:25
Let me see if I can find it real quick.
46:28
But there is there is some like very brass deals behind this
46:32
transaction, to say the least. Let me see.
46:35
Yeah. Deanne.
46:37
Yeah. Deanne.
46:39
Dean. Dean.
46:40
I think it's Dean, he said. I heard there was no test
46:43
transaction either, just a full send.
46:45
Yeah, that's fully what happened.
46:46
No test transaction, just a full send of 10,000 coins at a time.
46:51
Just absolutely nuts to say the least.
46:55
Imagine accidentally sending like, you know, 1.2 and you're
46:58
like, ah, fuck, that went to the wrong one.
47:00
All right, well, we're at least we're going to be good with the
47:01
rest of it. Like, yeah, that's some brass
47:03
tacks. Yeah, that's crazy.
47:05
OK, before we move on, we're going, we're going to wrap up
47:08
the show here in the culture talk a little, you know,
47:10
Independence Digital 1776, considering it is a holiday here
47:14
in the US. But Dee's Mode 7 says thanks for
47:18
the stupid chat bro of 5 bucks. He goes if these so-called coins
47:20
are sold, then everyone is missing the real point.
47:23
Price goes down substantially and you get to Moby Dick at a
47:26
lower price. That's what we're saying.
47:29
That is exactly what we're saying.
47:33
OK, all right, guys, let's you know Chris is in full Americana
47:38
regalia right now. So I figured, hey, it's fitting.
47:42
Bitcoin is freedom here. Bitcoin is the digital 1776.
47:47
It is a holiday here in the US 4th of July.
47:50
So we're going to we're going to chat about someday.
47:51
Actually, I saw a really good video at Let's just get into it.
47:57
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Head over to Casa dot IO. Hi guys, I do want to read this
49:40
comment on Rumble Idle idle threat in regards to him doing
49:43
no test transaction and sending 10,000 coins out.
49:45
What he said he just yelled Kobe and sent 1.3 billion lol
49:50
absolutely insane. All right guys so of course it's
49:53
4th of July. I'm sure even if you're not an
49:55
American, you know, the importance of this for us in
49:58
America is when the US claimed independence from Great Britain
50:04
is the creation of the United States, or rather, you know,
50:08
the, the start of the US where a small band of, of a colonialist
50:14
declared their freedom. But like I was saying, I saw
50:17
this video yesterday. And again, maybe I'm just the
50:20
low IQ 45 IQ public school student here and I didn't, I
50:27
didn't connect all the dots here, but I think it's very
50:29
fitting. You know, when everyone kind of
50:31
talks about 1776, the Independence Day, they always
50:34
kind of talk about this idea of, you know, the, the colonialists
50:39
freaked out because of 3% tax on tea and paper and they started a
50:43
revolution. And now we're at we're taxed at
50:45
like 40% of our income. And everyone's like, yeah, man,
50:48
cool. You know, Daddy, daddy,
50:50
government, here's your here's your cut.
50:52
I know you work 40% of those hours.
50:55
You deserve this. You know, what about my roads,
50:56
my roads, etcetera. You know, I'm just playing on
50:59
this, the general kind of take on what this was all about.
51:05
It was because the original Americans were pissed off about
51:09
taxes and here we are loaded to sleep and you know we're getting
51:13
taxed out the wazoo and everyone just takes it.
51:16
But I saw this video here and again, maybe I just forgot about
51:22
this. Maybe when I got taught this in
51:25
in school, in public school, they didn't frame it like this.
51:28
But I was watching this like a TikTok video and it really made
51:32
me think like, there's so many parallels here.
51:34
And you know, shouts out to our boy G money with the digital
51:36
1776 meme. But I'm just going to read the
51:39
the title here. And I did kind of Fact Check
51:41
this as well. And he goes, everyone talks
51:43
about no taxation without representation but they leave
51:46
out the reason the American colonists were being taxed.
51:50
King George owed 183 billion to the banks.
51:53
The fight has always been about banking and debt.
51:56
Now again you can watch the video if you want find it on
52:00
Twitter. Just what's the guys name?
52:02
Classic learner. You know, I did a little Google
52:05
search this morning and it was simply why did King George tax
52:09
the colonists despite his Well, the quick answer.
52:11
King George tax the American colonists primarily to cover the
52:14
cost incurred during the Seven Years War against France, which
52:18
left Britain in debt. The acquisition of new
52:20
territories required further financial resources to secure
52:23
them from potential French retaliation, necessitating the
52:27
stationing of British troops. King George and his advisors
52:30
believe that the colonists have benefited from the war's outcome
52:33
and should attribute financially through taxes on goods they use.
52:38
Sounds a lot like where we are right now as we talk about here
52:43
constantly on the show that the perpetual war machine that we're
52:48
we live a part of it can only really be financed because of
52:53
the money printer. What we've seen examples of this
52:56
throughout history where when a a king goes to war, they go in
53:01
debt. If they run out of money, the
53:03
war's over. Or in this scenario, you go in
53:06
debt and you're like, you know, fuck them calling this, let's
53:09
tax them on their shit. They they forgive me family
53:13
show, you know, they they benefited from the war.
53:17
You know, they get to live over there.
53:18
They should pay their fair dues and then the greatest experiment
53:24
to ever hit planet Earth happen AKA America.
53:27
And as our boy therapist and I did bring some memes on because
53:31
this is a celebration here on simply Bitcoin because I think
53:35
these ideals are living on as therapist said, you know,
53:38
freedom. Then the Declaration of
53:39
Independence in Congress, July 4th, 7th, 76, you know, a screen
53:44
grab and freedom. Now Satoshi's white paper.
53:47
This is the freedom. This is what we talk about
53:50
constantly separating your wealth from the Fiat machine.
53:56
This is the freedom that we talk about.
53:58
Yes, you know, you can say, hey, you guys talk about number go up
54:01
all the time. People care about the price
54:03
speculation. Well, you know, that's the
54:06
marketing that gets people into Bitcoin.
54:08
But what we really love about it is the idea that freedom goes up
54:12
or with number goes up as more people start to use a money that
54:16
is completely unparalleled from the traditional financial system
54:20
that they cannot debase. Then you put a check on the
54:23
spending of the federal government.
54:25
And as we started to show, we're seeing a new new brand of
54:29
selling or money creation here of money printing.
54:34
They're going to expand the money supply and we're all going
54:37
to bear that burden if you are using the dollar.
54:39
But if you opt out and you start using Bitcoin, it's actually
54:43
going to do the opposite. You'll probably see your
54:45
purchasing power increase. This is a peaceful protest.
54:49
This is the peaceful revolution of you saving in Bitcoin, using
54:52
Bitcoin, taking it into cold storage, completely unplugging,
54:56
opting out from the system and saving in something that they
55:01
cannot debase. This is what it's all about.
55:04
Now let's just go in a little more, you know, before I give
55:07
the floor to my boy donned in American flags over there.
55:10
Just look at the historical Bitcoin prices on July 4th.
55:13
In 2013 it was $80.00. In 2014 it was $630.
55:17
In 2015 it was $260. In 2016 it was $683. 2017 2601
55:25
dollars 2018 6.5 K 201911.1 K 2029 point 1K202135K202219-K and
55:37
202330K2458 $1000 that was the that was the worst 4th of July
55:44
shuts out the 58K gang and this year $109,000 it seems like it's
55:51
going up in one last chart just a you know visually because I'm
55:54
a visual learner here Bitcoin price on Independence Day it's
55:58
looking like it's going parabolic.
56:00
It looks like it's going up into the right.
56:02
So, you know, on days like this is when I really kind of am
56:07
reminded of what we do here. You know, a lot of people, maybe
56:12
you're not American. I know, I know we have an
56:14
audience that isn't American. But I truly believe that what
56:17
Satoshi did is very similar to what the American colonialists
56:22
did. American, sorry, American
56:24
colonists did by freeing America from the yoke of the British
56:30
government of the King. And now we have that same
56:35
freedom in cyberspace as Sailor always says the digital 761776.
56:41
This is a peaceful revolution where all you have to do is use
56:44
that better money. This is how we win.
56:46
This is how we put checks and balances on the spending of the
56:49
government because as we cover here on the show constantly, a
56:53
lot of the things that we don't agree with is backed by the
56:55
money printer. It's literally untethered from
56:58
reality. Well, we are tethering reality
57:00
back or we're tethering money back to reality by using
57:04
Bitcoin, by saving in Bitcoin, by being advocates, by more
57:07
people joining the Bitcoin network.
57:09
This is how we get stronger by more people using it,
57:11
understanding what is actually going on.
57:14
And you know, not to be a a full utopian here, but this is how we
57:19
do fix the world and we usher in a brighter future for everyone
57:23
else. So I wish you guys, even if
57:25
you're not American, you know, a happy 4th.
57:29
We, we are on the new frontier. We are on the frontier of, of
57:33
corralling in the people that have decimated the world's
57:36
wealth and potentially kicked us on this very bad fork of
57:41
humanity. But we're we're taking it back.
57:43
And the first thing you got to do is take back your money.
57:45
So that's my little rant here Chris, you get the.
57:49
Floor I got a little rant take up the the floor here Opti.
57:52
You can keep us both up actually, if you want to share
57:54
the one of the the, the tweet that I just sent you in this
57:57
private chat. Yeah, but no.
58:01
But basically, I think that obviously since 1913, we've
58:03
basically been under the thumb of the the money printer, you
58:07
know, the Federal Reserve System.
58:09
And I think that basically the money printer, they've used it
58:12
as a weapon, as a sickle. And ultimately it's going to be
58:15
their demise. You know, back in 2009, Satoshi
58:18
basically freed all of humanity by creating a better money.
58:21
And even more that they use the money printer, the more that
58:24
they corrupt the money, the more that they adjust interest rates,
58:27
the more that they do all the things that they do in the
58:29
broken Fiat money system is actually strengthening our cause
58:32
and our resolve for Bitcoin because basically everything's
58:34
good for Bitcoin. The more they use it, the more
58:36
that bitcoins price appreciates and bitcoins the fastest horse
58:39
in the race because it's the hardest and best money that the
58:42
Satoshi has ever created. I just want to leave you guys
58:45
with this final thing. Like I said, if you're American,
58:47
if you're not American, I wish I want to wish you guys a happy
58:49
Independence Day from us Americans over here.
58:52
This is like this pretty much surmises my my political views
58:55
like me when someone asks me how much I love America and the guy
58:58
draped out literally how I look like with a beer in hand.
59:01
And then when you know the next one, the meme right below it or
59:04
the picture right below when someone asks me how much I love
59:06
our government. It is a picture from V for
59:08
Vendetta with V wearing the Guy Fawkes mask and he's like
59:12
getting ready to hop on the train to blow up the Parliament
59:14
in England. Sorry to ruin anyone that that
59:16
hasn't seen the movie, but it's been it's been at least 20 years
59:19
now so but. You're a little.
59:21
Late great, but no great movie nonetheless the the the the lore
59:26
of it or the story of it is still great and I think it
59:28
applies to today. So I'll just leave you guys on
59:31
happy 4th of July. Stay humble and stack sats.
59:34
And it's been a great episode as always, Opie.
59:36
Hope to see you again soon. Yeah, man, I appreciate you
59:40
coming on. This was a fun episode.
59:42
Again, this is really about freedom.
59:45
Yes, we do. All of us are guilty as
59:48
bitcoiners to talk about the price.
59:50
We all you're lying if you say you don't look at the price.
59:54
But it's really about freedom, about reclaiming your
59:56
sovereignty, about really corralling this.
1:00:00
Ridiculous amount of money printing and spending and
1:00:03
decimating of all of our wealth here and, and essentially, you
1:00:07
know, pushing the world back towards a less productive world.
1:00:11
And now I truly believe Satoshi gave us freedom and all you
1:00:16
really have to do to participate is start saving in Bitcoin.
1:00:19
So as Chris said, you know, I want to wish everyone here
1:00:22
watching the show from the simply Bitcoin family.
1:00:25
Happy Independence Day, happy 4th of July, even if you're not
1:00:28
an American, we have now ushered the American ideals onto the
1:00:32
blockchain, the good parts of it, freedom, you know,
1:00:35
sovereignty, taking back your wealth, taking back your mind.
1:00:39
This is what it's all about. So today, if you do celebrate,
1:00:42
you know, go hang out with your family, eat a steak, eat some
1:00:45
hot dogs, watch some fireworks. If you don't, you're not an
1:00:48
American. I just want you to ponder about
1:00:50
freedom and sovereignty today and what Bitcoin means for you.
1:00:53
So on that note guys, you know a full salute and we will see you
1:00:57
on Monday. Today's episode was brought to
1:01:02
you by bitcoinwell.com, a Bitcoin only platform on a
1:01:05
mission to enable financial independence.