Latest / Simply Bitcoin / CRASH TO $89k!!: Was That The Bitcoin Bottom?! Or Is Bull Run Over?! | EP 1379

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CRASH TO $89k!!: Was That The Bitcoin Bottom?! Or Is Bull Run Over?! | EP 1379 · Simply Bitcoin

• 0:00
  Yo Bitcoin just crashed last night to 80. $8000 and the
• 0:05
  markets are melting down. ETF outflows hit record highs.
• 0:10
  But today we're going to show you what the insiders are saying
• 0:14
  about what's coming next for Bitcoin.
• 0:16
  Before we talk about what Cameron Winklevoss and the $850
• 0:20
  billion Giant Standard Charter said, let's start today's show
• 0:25
  with what the CIO of Bitwise, Matt Hogan, just said this
• 0:30
  morning. I.
• 0:32
  Do exactly agree with Tom, I think we're nearing a bottom.
• 0:35
  I look at this as a great buying opportunity for long term
• 0:38
  investors. You know, Bitcoin was the first
• 0:40
  thing to turn over before this broader market pullback.
• 0:43
  It was sort of the Canary in the coal mine signalling that there
• 0:46
  was some risk in all sorts of risk on assets.
• 0:49
  I think it'll be the first thing to bottom and I agree with Tom,
• 0:52
  we're getting very close to that point.
• 0:54
  So I think it's an exciting opportunity again for people who
• 0:57
  are looking out a year or more into the future.
• 1:00
  And again, this is not investing advice here.
• 1:03
  It's simply Bitcoin. But I will say this, you know,
• 1:07
  what I see in the market sentiment is extreme fear.
• 1:11
  And that's usually not what you see at the top of a euphoria
• 1:17
  phase, right? Also, Cameron Winklevi, you
• 1:20
  know, posted something really interesting.
• 1:22
  Of course, you know, he is in the business of selling Bitcoin.
• 1:26
  So, you know, we have to disclose that incentive,
• 1:29
  obviously. But let's take a look at some of
• 1:31
  this data. Let's start with this Opti.
• 1:33
  What am I looking at here bro? This is Eric Balkunis.
• 1:39
  He is the, I think it's head ETF analyst at Bloomberg.
• 1:44
  And just just read the tweet and then we'll break it down.
• 1:48
  Bitcoin ETFs with $250 million in outflows, $3 billion out in
• 1:54
  past month. About 2.5% of total assets,
• 1:57
  97.5% hanging in there. Still 23 billion year to date
• 2:03
  which is amazing. People forget just how much
• 2:06
  lifting was done 18 months prior to sell off.
• 2:10
  All told, not too bad considering the extreme fear
• 2:15
  mood. Yeah.
• 2:16
  So, so the reason it's interesting to watch this, Nico,
• 2:19
  is as I've been making the case for the last couple of weeks, I
• 2:23
  even made the case very strong on yesterday's show is retail is
• 2:27
  no longer in control. And with that comes a bunch of
• 2:30
  different kind of avenues that we have to look at.
• 2:34
  One is mainly the idea that institutions are the ones that
• 2:37
  are in control of the market right now.
• 2:39
  So therefore you would look at the ETF inflows and outflows.
• 2:43
  And if we're seeing $3 billion of outflows in the last month,
• 2:48
  you know, 250 million doesn't sound like too much, but we are
• 2:51
  seeing that the ETF or rather the clients of these ETFs are,
• 2:56
  are they're panicking themselves.
• 2:58
  But what you're seeing is the majority of the Bitcoin held in
• 3:02
  these ETFs are still holding very strong.
• 3:05
  And this is kind of my greater theory and, and I'll break this
• 3:08
  down a little bit later after Nico gets through the rest of
• 3:10
  the source material. But as we see retail panicking,
• 3:15
  I don't know if you guys are catching the sentiment on
• 3:16
  Twitter right now, but your favorite influencers, your
• 3:19
  favorite bitcoiners are, are starting to feel the pain.
• 3:22
  They're starting to get scared. I know me and me and Luke were
• 3:24
  joking this morning and again, we're we're trolling.
• 3:27
  This was completely trolling. We're looking at the price last
• 3:30
  night and we're like it's time to sell out completely but.
• 3:34
  Like, you know, we're, we're obviously trolling, but that you
• 3:36
  know, once you see your most bullish bitcoiners start to get
• 3:40
  bearish. There's two things that are
• 3:42
  going on. Either we all are seeing the end
• 3:45
  of or the the four year cycle intact or the sentiment is just
• 3:51
  changing right now and we really again have no idea what the
• 3:55
  price is going to do. I'm still convinced.
• 3:57
  I'm still pretty bullish, but anyways, let's let's get to the
• 4:00
  rest of the storage material, Nico.
• 4:01
  Absolutely. We have a ton of really good
• 4:03
  storage material today. So first, let's start off with
• 4:06
  the Cameron Winklevoss tweet. He says this is the last time
• 4:10
  you'll ever be able to buy Bitcoin below $90,000, right?
• 4:16
  And again, he said that yesterday at 10:31 PM literally
• 4:21
  right when it dropped and you know, we wake up this morning, I
• 4:25
  think it went back to 95, right. So we're currently channeling a
• 4:28
  little bit. Here's a really interesting Coin
• 4:31
  Desk article says Bitcoin sell off likely completes rally into
• 4:36
  year end still in play, Stan Chart analyst says So what?
• 4:41
  What to know. Bitcoin's recent sell off may be
• 4:43
  nearing its end, according to Joffrey Kendrick of Standard
• 4:49
  Charter, who sees the current pull back as the third major 30%
• 4:53
  correction since last year's introduction of spot Bitcoin
• 4:57
  ETFs in the US. Key market indicators including
• 5:01
  Microstrategies Modified and NAV have dropped to 0, suggesting
• 5:05
  seller exhaustion year end rally remains his base case.
• 5:11
  Moving on to this next article by Yahoo Finance.
• 5:15
  The name of the article is Bitcoin price under pressure
• 5:18
  drops below 92,000 as self fulfilling prophecy puts four
• 5:23
  year cycle in focus. The drop is prompting questions
• 5:28
  about whether this remains a temporary correction or the
• 5:31
  beginning of another four year cycle that led to a longer term
• 5:35
  sell off. Quote this self fulfilling
• 5:39
  prophecy has led to a market sell off for Bitcoin in Q42025.
• 5:44
  Bernstein analyst said that's a really interesting kind of thing
• 5:50
  to unpack there right. So there's two camps and we've
• 5:53
  been talking about this. It's kind of been like the theme
• 5:55
  of the show the last two weeks really since October, since
• 5:59
  October underperformed this idea of the four year cycle and
• 6:03
  there's people that feel very differently about the four year
• 6:06
  cycle. But again, it becomes a self
• 6:09
  fulfilling prophecy if enough people believe in that theory,
• 6:15
  right. If a lot of people are like, Oh
• 6:16
  my God, it's over, you know, sell it, get out, then it
• 6:21
  becomes a self fulfilling prophecy.
• 6:22
  Now there's two things that I think are you know the meme.
• 6:27
  I'm going to say that could make it so that this time is
• 6:31
  different, right? First of all is the amount of
• 6:34
  institutional interest. I don't think you guys
• 6:36
  understand. Look, the amount of Bitcoin
• 6:40
  that's actively being mined every single day is
• 6:44
  significantly less the amount than the amount of Bitcoin
• 6:48
  that's being bought by institutions.
• 6:51
  So eventually that creates a supply crunch, right?
• 6:57
  And then, you know, obviously number goes up.
• 7:00
  But the self fulfilling prophecy aspect I think is really
• 7:03
  interesting because again, if most people are thinking, OK,
• 7:07
  the, the four year cycle is over, we're going back down to
• 7:11
  $30,000. Let me get out so I can 3X my
• 7:15
  Bitcoin position potentially. You know it, it, it just becomes
• 7:21
  this snowball effect, right? Which again, like you see the
• 7:26
  sentiment on this isn't just my opinion.
• 7:28
  You see the sentiment on Twitter, Opti, if you can pull
• 7:31
  that up the, the, the, the greed and fear index, we're at extreme
• 7:37
  fear, right? And what tends to happen in
• 7:40
  euphoria phases? First of all, we never had a
• 7:43
  euphoria phase. That's number one.
• 7:45
  Number two, when you enter euphoria phase, you have extreme
• 7:51
  greed, right? Like everyone and their mother
• 7:54
  believes this thing is going to go up forever.
• 7:56
  They don't think it's just going to turn around, right?
• 8:00
  So that's another thing to keep in mind, right?
• 8:03
  And then the next thing I think is a really interesting article
• 8:07
  or not article by, but crypto Quint, the biggest BTC
• 8:11
  accumulation in the middle of the sell off.
• 8:14
  This anomaly demands explanation.
• 8:17
  Strong hands are absorbing supply at a pace that
• 8:19
  historically preceded tops. Yet prices showing bottom like
• 8:23
  behavior. Historically, whenever demand
• 8:26
  from addresses that don't sell spikes aggressively, Bitcoin
• 8:31
  tends to rally and form local tops.
• 8:34
  It's as if these holders are absorbing circulating supply,
• 8:38
  push the market into a supply squeeze, trigger a short term
• 8:42
  rally, and once their demand cools off, price usually pulls
• 8:46
  back. But this time something is
• 8:49
  broken. Since October 6th, demand from
• 8:52
  these permanent holders has surged from 100 and 59159 KBTC
• 8:58
  to 345 KBTC, the largest absorption absorption we've seen
• 9:05
  in recent cycles. Yet instead of a rally, price
• 9:09
  has moved sharply lower right now.
• 9:11
  Now strong hands are accumulating massive amounts of
• 9:14
  Bitcoin, while the broader market sits in extreme fear and
• 9:18
  billions of dollars are in unrealized losses.
• 9:21
  When demand from holders who never sell rises this fast
• 9:26
  during a downward trend, it usually sets the stage for one
• 9:29
  of two high probability outcomes #1A meaningful rally driven by a
• 9:35
  deep supply absorption that later allows these investors to
• 9:39
  distribute into renewal renewed retail demand.
• 9:43
  Note smart money is absorbing panic, selling at a discount.
• 9:47
  Once retail capitulates completely, we see a powerful
• 9:51
  rally as supply dries up #2A final leg down where price
• 9:56
  washes out what remains of market appetite before a more
• 10:00
  durable trend can form. Note prices significantly more
• 10:04
  downside ahead. This accumulation could be
• 10:07
  catching falling knives. If BTC breaks lower, it destroys
• 10:11
  the appetite for accumulation entirely, forcing even stronger
• 10:16
  hands to reconsider. In both cases, the signal is the
• 10:19
  same. Long term capital is stepping in
• 10:23
  aggressively. And if I want you guys to get
• 10:25
  one thing from this intro, this is what I want to this is what I
• 10:30
  want you guys to focus on. If you are selling your Bitcoin
• 10:35
  right now out of fear, right? I saw a video by British Huddle
• 10:40
  and he was just like making fun of everyone basically like you
• 10:43
  cry babies, you're selling your Bitcoin.
• 10:46
  He obviously believes that, you know, the four year cycle is
• 10:49
  over. We're going higher.
• 10:50
  But one thing is clear if you are selling your Bitcoin right
• 10:56
  now. You're selling it to
• 10:58
  institutions that are more than happy to buy that up.
• 11:04
  AK or another way to? Say a saying.
• 11:08
  A different truth is this. You're selling your Bitcoin to
• 11:12
  Larry Fink. If you're selling your Bitcoin
• 11:15
  right now, you're selling it to Larry Fink.
• 11:19
  And Jamie Dimon. And Jamie Dimon, this divergent
• 11:22
  rarely last long and when it resolves, it tends to resolve
• 11:25
  with force, not financial advice.
• 11:28
  But this is one of the moment, those moments where staying
• 11:32
  data-driven, not sentiment driven tends to matter most.
• 11:37
  Completely agree. So let's take a look at some of
• 11:39
  these graphics. BTC 30 day demand change, right?
• 11:44
  And it says permanent holder addresses and ETFs and then BTC
• 11:49
  30 day demand change permanent holder addresses and ETFs,
• 11:54
  right? So I think it's painting a clear
• 11:56
  picture. And here is a post again.
• 12:00
  You heard the CIO of Bitwise earlier, Matt Hogan talk about
• 12:04
  this whales buying the Bitcoin dip, right?
• 12:10
  So as you could see, number of entities with balances of 1000
• 12:15
  Bitcoin or more, you're selling it to, you're selling it to to
• 12:20
  institutions, ladies and gentlemen, and look at the
• 12:22
  difference. Like I, I want you guys, this is
• 12:24
  like one of the most important graphics out of all of this.
• 12:28
  I want you guys to pay attention to what happened to those
• 12:32
  addresses in the last pump, right?
• 12:37
  Those addresses that held 1000 Bitcoin or more, they actually
• 12:41
  unloaded. They actually unloaded that last
• 12:44
  pump, the pump from like 50K roughly 50K to 100,000.
• 12:50
  The one in the middle of 2025 before Trump.
• 12:54
  Fat finger. Truth.
• 12:55
  Truth Social. Post they unloaded, they're like
• 12:59
  OK, this is over. Look at that hockey stick up.
• 13:03
  It's literally a line up. So these are whales that again
• 13:11
  are saying oh bitcoins under $100,000.
• 13:15
  That's a deal. You know who also is a, is a
• 13:18
  whale? Cameron Winklevoss, right?
• 13:22
  This is the last time you'll ever be able to buy Bitcoin
• 13:24
  below 90K. And this is what I think makes
• 13:27
  this cycle fundamentally different from the rest of them.
• 13:32
  And again, it's the mean this time is different.
• 13:34
  We might have pie on her face, you know, six months from now
• 13:38
  while this thing just slowly grinds down and the cycle is
• 13:41
  over, right? The truth is, is that nobody
• 13:43
  really knows, right? We can just report the news as
• 13:47
  the news comes and try to analyze it and try to give you
• 13:50
  guys our perspective on this. But when I see this, when I see
• 13:57
  tweets like this, when I see information like this.
• 14:03
  There's so much alpha in this information.
• 14:08
  These are literally whales buying Bitcoin falling off a
• 14:13
  Cliff. They're literally just
• 14:16
  accumulating Bitcoin. And again, you know, you could
• 14:20
  say, all right, Nico, but you know, this time isn't different.
• 14:23
  This is a four year cycle. I would say you're wrong 2025.
• 14:28
  Was a red year so we didn't get the meme. 3 green, one red.
• 14:35
  We got 2 green, 1 red. And then 2026 is yet to be
• 14:41
  determined right if the price keeps going down from here.
• 14:47
  2025, the year after the halving, was not a parabola, A
• 14:51
  parabola year. It is not it was not a blow off
• 14:54
  top, it was a. Distribution year, meaning we've
• 14:58
  technically, if Bitcoin stays where it's at right now or goes
• 15:03
  lower, 2025 you could say was a bear market year because we're
• 15:10
  definitely not in a bull market. We definitely didn't pump.
• 15:15
  We've gone sideways. We've gone sideways and you know
• 15:19
  who's buying? The whales are buying.
• 15:23
  The whales are. Buying hardcore, they're letting
• 15:25
  you know. They're letting you know Between
• 15:28
  the lines and the information doesn't lie.
• 15:32
  I don't know about you guys, but I don't know a lot of people
• 15:34
  that have 1000 Bitcoin or more. It's like $100 million these
• 15:37
  these days and the. People that are.
• 15:40
  Worth $100 million these days. You know what they're doing?
• 15:43
  They're buying Bitcoin. You know what Cameron Winklevoss
• 15:47
  is saying? Hey, this might be your last
• 15:48
  time to buy under 90K. You know what Michael Saylor is
• 15:51
  saying? We played you guys a clip on
• 15:54
  yesterday's episode. If you guys want to check it
• 15:56
  out, we're we're possibly bottoming out.
• 15:59
  Here and. Michael MicroStrategy had one of
• 16:04
  their biggest buys in a very long time.
• 16:06
  They bought $800 million worth of Bitcoin.
• 16:11
  So, you know, Michael Saylor says he's not a trader.
• 16:14
  He says this all the time, right?
• 16:17
  He says that, you know, he's, he, you should buy Bitcoin with
• 16:20
  a minimum of a four year time, you know, time scale in your
• 16:24
  mind. But simultaneously what I what I
• 16:29
  want you guys to internalize. Is they're telling you, not only
• 16:37
  are they telling you, but they're putting their money
• 16:39
  where their mouth is. If Michael Saylor believed we
• 16:43
  were going down, I don't think he would have smashed bought
• 16:47
  $800 million of the Bitcoin. And I think he smashed bought, I
• 16:51
  think it was like 102,000 or something like that, right?
• 16:54
  So he's already down on that $800 million buy.
• 16:57
  But I think people are underestimating the amount of
• 17:01
  institutional interest. And I would say that the reason
• 17:04
  that Bitcoin did not pump in 2025 like it's done in previous
• 17:10
  cycles is literally because I think there might be some Wall
• 17:18
  Street shenanigans to try to shake you out of your bags.
• 17:24
  And what is the best way to try to shake you out of your bags?
• 17:27
  Boredom. Because you know, one of the
• 17:30
  hardest things to do as a hodler is to is to sit through long
• 17:36
  periods of which Bitcoin does absolutely nothing.
• 17:43
  And you know one of. The one of the.
• 17:44
  Hardest things on top of that to do as a hodler.
• 17:50
  Is for Bitcoin is for you to do nothing whatsoever at all.
• 17:55
  Zero. While the expectation of a
• 17:59
  parabola year happens and Bitcoin literally does nothing.
• 18:06
  I think this. Is one of the.
• 18:07
  I saw one of the charts. This is one of the.
• 18:09
  First years that Bitcoin, it literally went sideways.
• 18:15
  In all of bitcoins history, bitcoins either had a really
• 18:19
  green year or a really red year. It's never had a 0% year.
• 18:24
  It's never had a year where you know.
• 18:28
  We're about to have. Thanksgiving, at least in the US
• 18:31
  and literally, literally, I kid you not, your grandfather or
• 18:37
  your father or whatever could literally flex on you saying I
• 18:42
  outperformed you buying the S&P 500.
• 18:45
  Or if they're a gold bug, I outperformed you.
• 18:49
  Buying gold like that is effing unheard of.
• 18:54
  That is unheard of, right? So what I'm reading into, like
• 19:00
  what I'm, I'm, I'm reading into this and I'm saying, look, it's
• 19:04
  clear who's buying your if you're selling Bitcoin right
• 19:08
  now, it's clear who's buying it. It's.
• 19:11
  Clear that the amount of institutional interest has never
• 19:15
  been as high as it is today. Opti was posted this in the
• 19:20
  beginning we were talking about it.
• 19:22
  This is how we started the show. The Eric Bakunas screenshot
• 19:28
  Bitcoin ETFs with $250 million in outflows. 3 billion out in
• 19:34
  past month, about 2.5% of total assets, 97.5% hanging in there.
• 19:41
  Still 23 billion year to date which is amazing.
• 19:45
  People forget how much lifting was done 18 months prior to sell
• 19:49
  off. All told, not too bad
• 19:51
  considering the extreme fear mood.
• 19:57
  So I think that this is a transformational year for
• 20:00
  Bitcoin. I think that you had a lot of
• 20:05
  Ogs selling their bags to a state plan to do a bunch of
• 20:10
  other things that you want to do, upgrade your lifestyle and
• 20:15
  the market has absorbed that. And another silver lining that
• 20:19
  I'll add to this is if I'm wrong and we do enter a bear market,
• 20:26
  we've already had a year of a bear market.
• 20:28
  We've had a year of a bear. Market at this point, Trump's
• 20:31
  presidency has been a a bear market presidency so far.
• 20:36
  That's why we were making the jokes of like bring back Biden
• 20:39
  last week, bring back, you know, Kamala Kacklin, because, you
• 20:44
  know, that's the reality. So are you?
• 20:48
  Trying to tell me that year 2 cause.
• 20:52
  President terms in the United States are not that long.
• 20:55
  They're they're only four year terms.
• 20:57
  Are you telling me in that two years of the first pro Bitcoin
• 21:01
  president heading into the midterms, which we're going to
• 21:05
  be talking a little bit more about that later on in the show,
• 21:11
  Are you telling me that two years into his presidency,
• 21:15
  Bitcoin is not going to make an all time high of when he was
• 21:18
  inaugurated when it was at $109,000?
• 21:22
  You know, I, I, I just, I'm sorry guys.
• 21:25
  I just, I, I personally don't see that.
• 21:28
  I think that a lot of people have bought into this four year
• 21:33
  cycle theory. As that article said, it becomes
• 21:38
  a self fulfilling prophecy. I can't emphasize that enough.
• 21:42
  It becomes a self fulfilling prophecy.
• 21:47
  And that's exactly what we're seeing right now.
• 21:51
  In my opinion. I think a lot of people are
• 21:54
  saying, seeing this, they're seeing the writing on the wall
• 21:57
  and they're saying, hey, you know what Bitcoin is doing, what
• 21:59
  Bitcoin does, it's following the four year cycle.
• 22:04
  But if you pay attention to the whales, they're buying, they're
• 22:08
  buying at record, at record amounts.
• 22:11
  Like look at this green line. And then my, my perspective on
• 22:17
  this is, do you think that they would be doing this if they
• 22:22
  didn't think we're going another leg up?
• 22:26
  And, and another thing too is like we had Mauricio Co founder
• 22:30
  of Latin, like very early on in the year on the show.
• 22:35
  And I remember he was telling me an Opti like, look, it's
• 22:40
  different now. You're going to have this like
• 22:45
  institutional buying of Bitcoin and bitcoins going to go up like
• 22:49
  a, you know, like a staircase. And me and Opti were like bummed
• 22:54
  out at the time 'cause we're like dopamine addicts.
• 22:57
  And then, you know, what ended up happening?
• 23:00
  Exactly what Mauricio said. So, you know, all things
• 23:04
  considered, if you zoom out, we're down 25 percent, 30%.
• 23:12
  That's still corrections like every other correction we've
• 23:16
  had. I think we've had like 3 or 4 of
• 23:18
  them is this cycle that have been in the 2530% region.
• 23:21
  I think the only thing that is different this time is the fact
• 23:28
  that no one could really get a read on the market.
• 23:31
  All the other, all the tools and all the patterns that have held
• 23:35
  through that have held true in Bitcoin's previous cycles and
• 23:41
  previous bull markets. Have not worked.
• 23:44
  None of the top indicators hit right.
• 23:49
  We never entered A euphoria phase.
• 23:51
  I would say the last euphoria phase that Bitcoin had was in
• 23:59
  November and December of 2020. 4 So it's been a year, and it was
• 24:05
  a. Slight euphoria, right?
• 24:07
  And I want to ask you guys, do you remember the last time
• 24:11
  Bitcoin pumped? I don't remember what that feels
• 24:14
  like. It's been a year, 365 days.
• 24:20
  I'm a year older, Opti's a year older.
• 24:23
  I have a daughter, she's like 2 now.
• 24:28
  And Bitcoin has literally gone sideways.
• 24:31
  And year to date it's red. So again I think applying this.
• 24:39
  Four year cycle theory on to Bitcoin right now.
• 24:44
  I think I think it's wrong and I think it's I think the four year
• 24:49
  cycle's already broken. That's my opinion, bro.
• 24:52
  I think it's already broken. That doesn't mean that 2026
• 24:55
  can't be more of a bear market. I don't foresee a 7080%
• 25:00
  drawdown. I just don't foresee that
• 25:02
  happening just because like, look it it literally like.
• 25:07
  It, it, if you don't have a crazy parabola, you're not going
• 25:13
  to have the hangover that comes with it, right?
• 25:16
  So there is a silver lining to this.
• 25:19
  And the silver lining is like, OK, you, you won't have as much
• 25:22
  of A as much of A hangover, right?
• 25:26
  But I think the other thing that we have to take into account is
• 25:30
  like, look guys, like we are an uncharted territory right now.
• 25:36
  No one has any idea what Bitcoins going to do, but I
• 25:39
  could. Show you guys the facts, and the
• 25:42
  facts are, if you're selling right now, institutions are
• 25:45
  buying it. There's not enough Bitcoin being
• 25:49
  mined right now at this moment that is enough to fulfill the
• 25:58
  needs of institutions and the price is going sideways.
• 26:03
  I think some shenanigans are being played.
• 26:06
  I think some games are being played and I think it's all made
• 26:11
  to separate you from your Bitcoin.
• 26:14
  And I think this is where British huddle, I think hits the
• 26:16
  nail on the head when he, when he's like basically like I think
• 26:20
  smoking a cigar in like Switzerland or something.
• 26:23
  I saw the video and he's like, look like I, we, we don't use
• 26:27
  that type of wording on on the show, but like, it's like, you
• 26:32
  know, you. Guys are all sissies.
• 26:34
  I'll I'll leave it at that. Anyways, Opti, what's your take
• 26:36
  on all this bro? Because maybe I'm seeing things
• 26:40
  that are not real. I don't know.
• 26:43
  I mean, look, I'm fully convinced right now that retail
• 26:50
  or sorry, Wall Street is trying to shake out retail, especially
• 26:54
  when you kind of connect this with all the accumulation that
• 26:57
  we're seeing right now. We, you know, whales buying in
• 27:00
  the midst of the sell off last night at 8, you know, down to 89
• 27:04
  K. We saw huge accumulation.
• 27:07
  To me, it just points that one retail is absolutely scared and
• 27:12
  I'm I'm considering all of us retail here.
• 27:14
  You know, we're not the whales, we're not the institutions here.
• 27:17
  I know bitcoiners like to separate themselves from like
• 27:20
  standard, you know, normie retail, but we're we're all
• 27:23
  considered retail and just kind of vibe checking on Twitter
• 27:27
  amongst my friends and amongst, you know, people I talk offline,
• 27:31
  or rather, you know, DMS and text messages.
• 27:34
  The sentiment right now is it's over 4 year cycle confirm, you
• 27:39
  know, we're going lower. Everyone's saying 85K is the new
• 27:42
  58K gang, 58K gang never left. Personally, it feels like it's
• 27:48
  this whole year's been a shake out and you know, a lot of this
• 27:51
  is just like I am the source, my intuition basically saying, but
• 27:56
  as we've seen, the institutions now are here, a lot of the stuff
• 28:01
  that they're saying publicly is very conservative, but they are
• 28:04
  starting to be a little more bullish on Bitcoin and I could
• 28:09
  only imagine what they're thinking behind the scenes.
• 28:11
  Again, I'm thinking of that one meme where they're all laughing.
• 28:14
  It's like, hey, we told them, you know, Bitcoins Bitcoin bear
• 28:17
  market is coming 2026 and yet here we are buying.
• 28:22
  That seems to be what what we're seeing right now as everyone
• 28:25
  starts to kind of gain consensus that the four year cycle's
• 28:29
  intact that we are going into a bear market, or rather maybe
• 28:33
  2025 was the bear market. You're starting to see
• 28:35
  accumulation happen. And I think that only really
• 28:38
  sets up something for the next leg up.
• 28:42
  If people that have been around for a long time, if it's the
• 28:44
  institutions, if it's just whales, market makers, etcetera,
• 28:47
  and now they're starting to accumulate Bitcoin, then it
• 28:51
  always kind of begs the question, what do they know?
• 28:54
  What do they know that we don't know?
• 28:56
  And so I, I think it's been a shake out.
• 28:57
  I think this whole year has been a, a shake out.
• 29:00
  It's really been, you know, testing not not, I wouldn't say
• 29:04
  our convictions here because you guys control us all you want
• 29:07
  because we we've been covering the Bitcoin price recently
• 29:10
  because that's what people are searching for.
• 29:12
  Everyone's wondering what's going on with the Bitcoin price.
• 29:14
  The fundamentals of Bitcoin haven't changed.
• 29:17
  If anything, they've gotten better, but the price has
• 29:20
  reacted like no one thought it was going to.
• 29:23
  And so even though everyone's watching this and not really
• 29:26
  understanding what's going on, it does make you think that this
• 29:29
  time is different. It does make you think, oh,
• 29:31
  things are changing or if it's that Bitcoin IPO moment.
• 29:35
  And so it to me, it just feels like I don't know, I, I, I'm not
• 29:39
  going to call it like I did yesterday.
• 29:41
  I was, I was kind of trolling, but it does feel like the like
• 29:45
  the bottom is in, I'm still convinced in this kind of
• 29:48
  stairway to heaven type meme right now.
• 29:51
  Again, I could be completely wrong.
• 29:53
  You know, what do I know, etcetera.
• 29:56
  But that seems to be what's playing out.
• 29:58
  And I even said it to Luke this morning and and Nico kind of
• 30:00
  said it a minute ago. It's like every kind of
• 30:03
  indicator that bit corners have been using historically are
• 30:07
  being tested right now. They're all being messed with.
• 30:10
  You know, I was talking about the 50 week moving average that
• 30:14
  finally broke down. But then we see a bunch of
• 30:16
  accumulation on that We saw. I mean, the only one that
• 30:19
  actually really did kind of hold up, and I was saying this
• 30:22
  yesterday, is the CME gap was finally closed.
• 30:25
  That was roughly 9291. It did, it did kind of get some
• 30:29
  cascading liquidations under it. So like if the CME gap, the
• 30:35
  futures gap is still holding, dude, it might be bullish, we
• 30:40
  might be bullish. I don't know man.
• 30:44
  What I hey, it's just like my opinion bro.
• 30:48
  Yeah, of course. I mean, like none of this is is
• 30:51
  like financial advice and like look, like at the end of the
• 30:54
  day, you know, no one really knows what Bitcoins going to do.
• 30:59
  And if anyone tells you otherwise, they're straight up
• 31:02
  lying to you. And I think 2025 was a great
• 31:05
  example of the fact that no one really knows where Bitcoin is
• 31:09
  going. And again, you know, we're here
• 31:12
  to, you know, be your guide through the separation of money
• 31:15
  and state. And again, just just experience
• 31:18
  this Bitcoin roller coaster. I wouldn't even call it Bitcoin
• 31:21
  roller coaster. What do you call a?
• 31:22
  Bitcoin this year. The flat part of the roller
• 31:25
  coaster. The.
• 31:27
  Part where you get out of the roller coaster.
• 31:29
  It's a wave pool. It's a wave.
• 31:32
  I don't even know what that is. What is?
• 31:34
  A wave pool. It's just flattened.
• 31:35
  Waves crashing on you the whole time.
• 31:40
  So yeah, I mean, you know, welcome to the Bitcoin wave
• 31:44
  pool. I I can't even.
• 31:46
  What is a wave pool? I don't even know what that is
• 31:47
  bro. Dude, it's a pool that makes
• 31:49
  waves. Oh, OK.
• 31:52
  All right. And they just crash on your head
• 31:55
  and you you haven't seen. Those memes of like tourists in
• 31:57
  the wave pool, and they're just like breaking on their heads
• 31:59
  and. Yeah, that's what's going on.
• 32:02
  So yeah, you know, it's very interesting, but I want you guys
• 32:06
  to take this from today's intro segment, which is if you're
• 32:10
  selling right now, you're selling to Wales.
• 32:14
  If you're selling right now, you're selling to institutions.
• 32:17
  Why are those institutions buying?
• 32:20
  Why is Michael Saylor saying, hey, look, you know, there's a
• 32:23
  tremendous amount of institutional demand.
• 32:26
  Why is Michael Saylor buying $800 million worth of Bitcoin at
• 32:30
  $102,000 per coin, right? So, you know, you don't know the
• 32:36
  future. You know, things could change.
• 32:37
  The sentiment can change. Sentiment changes very, very,
• 32:40
  very quickly. I mean, look at today, right?
• 32:42
  Price goes up a little bit and you know all of a sudden you
• 32:46
  know the sentiment has changed right so we're we're going to
• 32:49
  take it day by day, but the advice remains the same it's
• 32:53
  never changed. We've never wavered with this
• 32:55
  piece of advice and you'll succeed in the Bitcoin world if
• 32:59
  you take this advice. Stay humble stack sats buy
• 33:04
  Bitcoin put that Bitcoin into self custody.
• 33:07
  This is how we win. This is how this is how this is
• 33:10
  how the revolution spreads. So you know, enjoy the ride as
• 33:15
  it goes. Clearly we went through a very
• 33:17
  boring part of the ride, extremely boring part of the
• 33:20
  ride. But again, I'll I'll pass it on
• 33:22
  to you. No, next thing I'll say too is
• 33:24
  like, look, guys, if Bitcoin doesn't go up, it fails, right?
• 33:29
  And that's a part that, like, I don't hear enough people talk
• 33:32
  about, like the success of Bitcoin is binary.
• 33:35
  Like it either goes up or it it goes down.
• 33:39
  If it goes sideways, it literally fails.
• 33:43
  It needs, it needs to go up for it to be adopted.
• 33:46
  And as long as governments continue to print money, you
• 33:50
  know, it's Knuts Vanholm's meme that went viral.
• 33:53
  It's Infinity divided by 21 million.
• 33:57
  It's as simple as that. So anyways, guys, it's going to
• 34:00
  be a fantastic show lined up for you guys today.
• 34:03
  We're super hyped about it. We have a sick clip of Andreas
• 34:06
  Antonopoulos. We're going to play for you
• 34:08
  guys. And then during the news
• 34:11
  segment, seems like the Trump administration is being attacked
• 34:15
  for their stance on crypto, on Bitcoin.
• 34:18
  What a surprise, right? This is why it's so important to
• 34:22
  really pay attention to what's going to be happening during the
• 34:25
  midterms. You want pro Bitcoin, anti CBDC
• 34:28
  candidates in power? You don't want pro CBDC, anti
• 34:32
  Bitcoin candidates in power. I mean, what is happening in
• 34:35
  Europe is heartbreaking. They're going straight down the
• 34:39
  central bank digital currency, digital ID route and it's not
• 34:43
  good. So anyways, guys, we're going to
• 34:45
  be right back in just a second. But before we get into it, I do
• 34:49
  want to give a very special shout out to our lead sponsor,
• 34:52
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• 35:51
  delay. Let's jump straight into the
• 35:52
  show. We have tons to cover.
• 35:53
  We'll be right back. I want to give a shout out to
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• 37:31
  Excuse me. At the time of recording the
• 37:33
  Bitcoin prices $93,370 Block height 924,185 market cap 1.86
• 37:42
  trillion Bitcoin versus gold market cap 6.47% decline from
• 37:47
  all time high 26%. So if you're buying Bitcoin
• 37:51
  right now, you're getting it at 26% discount.
• 37:54
  Anyways, I saw this fire clip from again we've been playing
• 37:58
  Andreas Antonopoulos bangers all week and I saw a banger from the
• 38:04
  man, the myth, the legend himself.
• 38:05
  Let's check it out. We stand at a crossroads because
• 38:09
  right now the world governments are trying to abolish cash.
• 38:12
  They're trying to abolish the very last lifeline that remains
• 38:16
  for the billions of people who have a life of poverty, not
• 38:21
  because they don't work. They work harder than all of us,
• 38:24
  not because they don't deserve, but simply because of where they
• 38:27
  were born or what documentation they have or what level of
• 38:31
  literacy they have or even how they look.
• 38:36
  In Saudi Arabia, women are not allowed to own property and bank
• 38:40
  accounts. And this is the case in half a
• 38:42
  dozen countries around the world.
• 38:44
  And we look at that and say, shame on them.
• 38:47
  That's immoral. That's disgusting.
• 38:49
  You know, we turn around and we do the same thing to immigrants
• 38:53
  in this country. And my country.
• 38:55
  I'm half British, half American. I have to apologize to 194
• 38:59
  countries around the world the moment I arrive.
• 39:05
  And I know in my heart that every time I pay taxes, I'm
• 39:10
  killing thousands of people by proxy.
• 39:15
  I still pay because I'm also helping people who are in
• 39:18
  welfare, people who need help. And most importantly, when we
• 39:22
  make these moral choices, we have to understand surveillance
• 39:27
  never stopped crime. Surveillance is the license
• 39:31
  given to the people who are on the top of that to control our
• 39:37
  lives. They will commit crimes.
• 39:43
  They will commit the worst of crimes.
• 39:46
  What I call megacrimes, and I know Britain doesn't use the
• 39:50
  metric system, so mega is the prefix we use for millions.
• 39:54
  A megacrime is 1, where, for example, you foreclose on a
• 39:57
  million homeowners and don't go to jail.
• 40:00
  That's a megacrime. We're doing surveillance and
• 40:04
  analytics to catch a petty drug dealer who's selling pot for
• 40:09
  Bitcoin. Who's doing surveillance and
• 40:13
  analytics on Lockheed Martin? Who's doing surveillance and
• 40:15
  analytics on the money laundering banks?
• 40:18
  Nobody. Do you know why?
• 40:20
  None of them ever go to jail? The regulators are completely
• 40:24
  captured and the very system of controlling finance from above
• 40:30
  by having levers of power over the lives of millions of people,
• 40:34
  billions of people, of having the audacity to cut off entire
• 40:38
  countries and say, well, they're under sanctions, they're not
• 40:42
  privileged enough, they're not people enough to gain financial
• 40:45
  services. Guess who that attracts?
• 40:47
  If you build levers of power like that, the very worst
• 40:52
  sociopaths in our society are attracted like flies to shit to
• 40:58
  grab hold of those levers of power and destroy all of your
• 41:02
  freedoms as quickly as they can. We are building.
• 41:06
  So Andreas Antonopoulos dropping the hot fire like he always
• 41:11
  does, Man, his videos just, they were instrumental to my orange
• 41:17
  pill journey and me getting into Bitcoin.
• 41:20
  And what he's pointing out is the hypocrisy, right?
• 41:25
  Christine Lagarde is a convicted felon.
• 41:28
  I'm just, it's it. Don't take my word for it.
• 41:31
  Go verify this yourself. She got convicted of a crime and
• 41:38
  she's now the head of the European the the European
• 41:40
  Central Bank. What he said about banks.
• 41:45
  When banks get caught money laundering for Mexican drug
• 41:49
  cartels and such and criminal organizations, they get slapped
• 41:54
  with fines. When our industry gets accused
• 42:01
  of the same thing. Arthur Hayes Prison, CZ Prison.
• 42:12
  The other thing is blanking on me.
• 42:14
  And it was so good, the Samurai wallet developers making open
• 42:20
  source software for privacy, for privacy.
• 42:25
  This is what they forget to tell you about the Samurai Guys 90.
• 42:30
  Plus percent of people that were using samurai were using it for
• 42:36
  privacy related reasons. They weren't using samurai to to
• 42:41
  commit crimes. So there's a 2 tier justice
• 42:45
  system and it has nothing to do with stopping petty criminals.
• 42:52
  Has nothing to do with stopping crime.
• 42:57
  It has everything to do with closing, to use Christine
• 43:01
  Lagarde's own words, the escape valve, that is literally what it
• 43:06
  has to do with. It has nothing to do with
• 43:09
  anything else. Because if they hold those same
• 43:14
  people to the same rules that they that they used to jail all
• 43:19
  these other people, a lot of these bankers would be in jail.
• 43:23
  No banker went to jail for what happened in 2008, what happened
• 43:29
  in 2008 and 2009 and the amount of people that lost their homes.
• 43:35
  It was a financial crime of the IT was like the financial crime
• 43:39
  of the century, how they bailed out the big banks, how Main St.
• 43:46
  bailed out Wall Street. And there was no, no one was
• 43:53
  held accountable. But for our industry, if we do
• 43:59
  even a sliver of, hey, actually we're building open source
• 44:03
  software for privacy. They lock you in a box.
• 44:07
  Look at what they did to Ross. They tried to make an example
• 44:12
  out of him. What they're doing to the
• 44:14
  Samurai developers, they're doing the same thing.
• 44:17
  They're making an example out of him.
• 44:20
  And they're saying if you build open source software for
• 44:24
  privacy, you can go to jail. If you want to know why Satoshi
• 44:30
  Nakamoto is anonymous and remains anonymous today, that is
• 44:35
  literally the reason. That is the reason because if
• 44:38
  Satoshi were around today, he would be in a box.
• 44:43
  He would be in jail. And they would say you enabled
• 44:49
  unlicensed money transmitting by creating Bitcoin, by creating
• 44:54
  this open source software that allows anyone from around the
• 44:59
  world to access money and therefore interact with the
• 45:05
  global economy. Before they weren't able to do
• 45:09
  this. We're going to put you in a box
• 45:11
  for that. And that's exactly what Andreas
• 45:14
  was talking about. This is a 2 tier system.
• 45:20
  As long as you let the powers that be do what they do, it's
• 45:27
  OK. We're going to slap you with a
• 45:29
  fine. It's just a fine.
• 45:31
  You. Didn't know any.
• 45:32
  Better it's a fine we're going to fine you, but if you.
• 45:36
  Build from with outside the system, which by the way, the
• 45:39
  sovereign individual predicted this.
• 45:43
  We're going to put you in a box. I'm going to paint you as a
• 45:46
  criminal. It it it's it's it's, it's
• 45:51
  unjust. It's.
• 45:52
  Completely unjust and and and don't make.
• 45:56
  Don't let them make you feel like you are a criminal because
• 46:00
  you choose to use a money that doesn't steal from you and you
• 46:06
  choose to keep that money in self custody.
• 46:09
  Don't let them wordsmith and propagandize you into thinking
• 46:16
  that somehow. That is a danger to society.
• 46:20
  It's not a danger to society. What it is, it's, it exposes
• 46:25
  their system. And that is the crux of it.
• 46:29
  That's what it comes down to. And you know, about this year,
• 46:33
  about this year, we were just talking about the price in the
• 46:35
  beginning. We were talking about ETFs.
• 46:37
  We were talking about, hey, the bull, the bull market isn't
• 46:40
  over. Because you know what?
• 46:44
  You know, you have all these institutions buying.
• 46:47
  You know what? As much as I love the
• 46:49
  institutions pumping my bags, guys, why are we here?
• 46:54
  Why are we here? We're here to separate money
• 46:58
  from state. We're here to fix the money, fix
• 47:00
  the world. And I think that's what people
• 47:03
  have forgotten. This is this is literally why
• 47:05
  Bitcoin was invented. Satoshi knew.
• 47:07
  He wrote it in the genesis block, Chancellor on the brink
• 47:10
  of the second bailout for banks. He knew that banks were going to
• 47:13
  continue debasing the currency. And that disproportionately
• 47:17
  affects the lower and middle classes the most.
• 47:20
  So the people, the poorest people in a society get affected
• 47:26
  the most by the current system. And what is that but but not
• 47:32
  tyrannical? What is that but not unjust?
• 47:36
  We always get, we always get fed this by politicians about the
• 47:41
  cost of living, the cost of housing.
• 47:43
  Everything's too expensive, bro, dude, gal, you are the ones
• 47:48
  debasing the currency, not us, right?
• 47:52
  So Bitcoin is our way to protest against that system in a
• 47:57
  peaceful way. It's saying enough is enough.
• 48:02
  I'm tired, I can't do this anymore.
• 48:06
  I want to be able to live my life, put my money, put my
• 48:11
  energy, put my time into something that can't be taken
• 48:15
  away from me. This is what Bitcoin is.
• 48:19
  This is what self custody is all about.
• 48:21
  And I hope that people have not forgotten the primary mission,
• 48:27
  the reason that simply Bitcoin was even born.
• 48:30
  We used to say this in the beginning of every single show.
• 48:33
  We're here to guide you through the separation of money and
• 48:36
  state. That is the mission.
• 48:38
  The mission is 1,000,000 upon millions of individuals
• 48:41
  reclaiming back their financial sovereignty by taking their
• 48:45
  Bitcoin and putting into self custody.
• 48:47
  You want to change the world, You want to make things better.
• 48:50
  You want to think, make things more affordable.
• 48:52
  That's how you do it. Help us.
• 48:56
  Tell your friends, tell your family, tell your parents, Opti.
• 49:05
  Classic Nico crash out. Love to see it.
• 49:09
  I'm not going to rehash what you said because I I can't follow
• 49:11
  that out, but the one thing that Andre said in that clip that I
• 49:15
  think most people forget is we have like the most laws ever now
• 49:22
  where the most surveilled society ever, and yet it seems
• 49:28
  like we have the most crime ever.
• 49:31
  So just on like a basic kind of overview of that idea.
• 49:35
  It's like, what is actually going on?
• 49:38
  Are we safer because we have all these new laws?
• 49:41
  Is this actually making us safe? And Andreas was touching on it.
• 49:44
  It's like. When you boil.
• 49:45
  Everything down, it all boils down to like simple concepts,
• 49:50
  you know, power and control and who actually has the power and
• 49:54
  who are they trying to control. And This is why we always go
• 49:57
  back to it's about the money. It's the money is broken, the
• 50:01
  money is controlled. And if you can control the
• 50:03
  money, then you can control society.
• 50:05
  And This is why we are bitcoiners, This is why we
• 50:08
  started this show, This is why we've committed our whole lives
• 50:10
  to Bitcoin is because we think that once more people use
• 50:13
  Bitcoin, then I'm not saying we're going to be, you know,
• 50:16
  doing crazy stuff. I'm just saying that they won't
• 50:18
  be able to control everyone via the same mechanisms that they're
• 50:22
  doing. You need to own a money that
• 50:24
  they cannot stop. And society, I think in the long
• 50:28
  term, eventually will ripple out and things will change for the
• 50:32
  better once people understand that, hey, this, all this stuff
• 50:35
  we're seeing, whether it's new laws, whether it's new
• 50:37
  surveillance tech, hence why I always give Nico some shit
• 50:40
  around about Palantir and Peter Thiel and stuff.
• 50:44
  This is not making our society safer.
• 50:47
  This is not doing any of the narratives they tell us.
• 50:50
  This is all about control and clamping down on the average
• 50:54
  everyday citizen. And This is why we're a bit
• 50:56
  corners. So classic Crash out by Nico.
• 50:59
  Love to see it that people are saying in the chat This is why
• 51:01
  they come here so. Classic guys.
• 51:04
  We still have a lot to cover. We're going to hit the news.
• 51:05
  We're going to be right back in just a bit.
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  All right everybody, let's get to the next bit of news.
• 54:32
  Very interesting. I don't know what's happening
• 54:34
  guys, but the attacks are coming back.
• 54:37
  I'm not a big fan of 60 minutes, ladies and gentlemen, and I'll
• 54:40
  and I'll tell you a couple reasons as to why I'm not a big
• 54:42
  fan. So we obviously do podcasts,
• 54:47
  right. We do professional podcasts.
• 54:49
  We do extremely high production podcasts.
• 54:51
  We just dropped one with Paolo Arduino, the CEO of Tether, last
• 54:56
  night and. They look incredible high
• 55:01
  production. We can match the production that
• 55:03
  legacy media can. This is the awesome part about
• 55:06
  today's world is like, yes, we can buy the same cameras, we can
• 55:09
  buy the same equipment. I would even say we can even do
• 55:12
  better editing, right? And maybe that'll.
• 55:13
  Trigger some people in legacy media, but I stand by that.
• 55:17
  But one, one of the things that 60 Minutes does, which is quite
• 55:20
  interesting, and Trump actually sued 60 Minutes for this, was
• 55:27
  that. When you do a 60 minutes
• 55:29
  interview, they selectively edit and then they narrate it.
• 55:34
  So imagine if you have an hour and a half podcast, 60 minutes
• 55:39
  will clip portions of that podcast.
• 55:43
  Like they'll take little sound bits and then they'll narrate
• 55:46
  what's happening. So it it's like as if Opti like
• 55:50
  was talking to me and we're just having a conversation.
• 55:53
  And Opti's like all right, like like hey Opti, like how you feel
• 55:57
  like are we going into a bear market?
• 56:00
  No. And you know, but like.
• 56:03
  Keep going I'm. Trying to make I'm trying to
• 56:04
  make an example. No, because of the fundamentals
• 56:08
  and the accumulation. So what Opti was saying is that
• 56:10
  he doesn't actually believe that we're going into a bear market.
• 56:14
  That's what they do. Like, I'm not, I'm kidding you.
• 56:16
  Like I kid you not. Trump did an interview on 60
• 56:19
  Minutes. The other day and the White
• 56:22
  House was really smart, so they released 60 the 60 Minutes
• 56:26
  episode on prime time. And what the White House did was
• 56:30
  that they posted the entire one hour and a half interview.
• 56:33
  And it's totally different then the episode that they posted,
• 56:37
  because the episode that they posted, they editorialize it.
• 56:40
  They try to create a narrative. How do you create a narrative
• 56:44
  out of a conversation? Let people watch the entire
• 56:47
  conversation and let and let them come to their own
• 56:50
  conclusions. And they did this during the
• 56:52
  election. They asked Kamala Harris a
• 56:55
  question. They didn't like her answer, so
• 56:59
  they took an answer from another part of the interview and they
• 57:03
  put that in. Do you think that's ethical?
• 57:07
  Is that journalism? Like that's that's bonkers.
• 57:10
  And Trump successfully won that interview.
• 57:12
  Rightly so. Because that's like, that's a
• 57:16
  lie. That's a lie.
• 57:17
  That's a straight up lie. Then this is legacy media.
• 57:20
  This is media that you're supposed.
• 57:22
  This is the authority, right? This is who you're supposed to
• 57:25
  attention to. You want to know why independent
• 57:27
  media has become so popular? It's because of this, it's
• 57:33
  because independent media, if we don't tell you guys the truth,
• 57:37
  if we don't like at least try to put on a good show for you guys,
• 57:42
  you guys won't watch the show. That's not the case with them.
• 57:47
  I don't think they're in the business of telling the news.
• 57:50
  I think they're in the business of.
• 57:51
  Propaganda. That's my that's my opinion.
• 57:54
  I could be wrong here. But anyways, so let's check this
• 57:57
  out. 60 minutes post President Trump pardoned the billionaire
• 58:01
  founder of the largest crypto exchange in the world, Binance.
• 58:05
  It raised questions about conflicts of interest and the
• 58:08
  president's use of the pardon power.
• 58:10
  So not to get into any specifics, but the previous
• 58:13
  president, I think he broke the record for the amount of pardons
• 58:18
  that he gave on the way out. Not only that, remember what I
• 58:22
  told you about the two tier justice system and Andreas
• 58:27
  Santanopoulos's video? OK, so finance largest crypto
• 58:37
  exchange pardon. What about the?
• 58:43
  Bankers, What about if you lost your home?
• 58:48
  What about the millions of people that lost their homes?
• 58:49
  What about them? What about inflation?
• 58:53
  What about what, what about all those things?
• 58:55
  It's like, no, like none of none of that is focused with the
• 58:58
  focus is, is it's crypto, It's it's the boogeyman.
• 59:01
  And it goes back to what my core messaging, what I was talking
• 59:04
  about, what I was focusing on earlier.
• 59:09
  I don't think this has anything to do with President Trump
• 59:13
  pardoning Binance or pardoning, pardoning CZI.
• 59:17
  Don't think this has anything to do with President Trump getting
• 59:19
  into the Bitcoin slash crypto industry.
• 59:23
  I think this has everything to do with the fact, referencing
• 59:27
  Naval's tweet the other day is that now you have free market
• 59:31
  money competing with centralized money, and free market money is
• 59:37
  going to win every single time without coercion.
• 59:42
  If they can't coerce you into the system, I don't think
• 59:47
  they're going to win. So let's check out this article
• 59:50
  by CBS News. Trump pardon of crypto
• 59:53
  billionaire sparks concerns over his use of the pardon power
• 59:58
  Again. It's like double standards here.
• 1:00:00
  And like, look how serious this is, Opti.
• 1:00:02
  We need to, we need to get this set up, bro.
• 1:00:03
  We're not, we're not serious until we could do stuff like
• 1:00:06
  that. Like look at that.
• 1:00:08
  Like his serious face. It's just a green screen, right?
• 1:00:11
  Serious face guy on a stool perfectly looking at you, you
• 1:00:16
  know. Anyways, last month President
• 1:00:19
  Trump granted A pardon to a billionaire felon after the
• 1:00:23
  felon company enriched a Trump family business.
• 1:00:27
  The pardon went to CZA Chinese born businessman who was accused
• 1:00:31
  of the justice system of causing, quote, significant harm
• 1:00:34
  to US National Security. The president says he does not
• 1:00:38
  know CZ. Our reporting shows that C ZS
• 1:00:42
  Company supported a Trump family firm at critical moments leading
• 1:00:46
  up to the president's pardon. CZ is a.
• 1:00:48
  Founder of Binance, the world's largest exchange for
• 1:00:51
  cryptocurrency, or digital money on the Internet.
• 1:00:54
  In 2023, Zhao and his company pled guilty to failing to
• 1:00:57
  prevent money laundering on banks.
• 1:01:01
  Money launder for the Mexican drug cartels.
• 1:01:06
  Slap on the wrist, you get a. Fine when someone within our
• 1:01:11
  industry does it. You go to jail, straight to
• 1:01:14
  jail. Anyways, finance paid a $4
• 1:01:17
  billion fee. Zhao served a four month
• 1:01:20
  sentence. Now here's what I think is
• 1:01:22
  actually happening. The previous administration had
• 1:01:28
  a crusade against our industry. Part of the reason Trump got
• 1:01:31
  elected was to end the crusade Operation Choke .2 point O
• 1:01:38
  literally one of the Trump ran. He went to the Nashville
• 1:01:42
  conference and he told a whole audience.
• 1:01:44
  He said, hey, I'm going to end Elizabeth Warren's attack on the
• 1:01:50
  Bitcoin and crypto industry. That's what he did.
• 1:01:55
  So again, like when I hear things like this, if you're if
• 1:02:02
  you're going to make this case. That oh, look, there's
• 1:02:06
  corruption and, you know, the Trump family business benefited
• 1:02:09
  from this and, you know, this and this and that.
• 1:02:12
  I I I can't take this seriously while also you telling me that
• 1:02:21
  the Russiagate story was real for years while also the fact
• 1:02:27
  that the. For the.
• 1:02:29
  The leading Republican candidate, who was a candidate
• 1:02:32
  at the time, was literally being charged in multiple states, like
• 1:02:37
  Lawfare was being committed, multiple assassination attempts,
• 1:02:42
  and all of that was being downplayed.
• 1:02:46
  It was like the normal course of business.
• 1:02:48
  They raided his home in Mar a Lago.
• 1:02:52
  That's never happened before. Could you imagine?
• 1:02:54
  It's an election year and you raid the home of your political
• 1:02:59
  opponent. The the whole point of election.
• 1:03:01
  That's the whole point of the election.
• 1:03:03
  The whole point of the election is just so that the people can
• 1:03:05
  decide who they want to be in power.
• 1:03:08
  Not the media, not the elite, not the bureaucrats.
• 1:03:12
  The same thing is apply is being applied to money right now.
• 1:03:18
  They want to be able to decide what money you can use and what
• 1:03:23
  money you can't use, and as long as you're using their money.
• 1:03:29
  It's OK. As long as you're not using
• 1:03:31
  their money. I don't know about that.
• 1:03:35
  I don't know about that. That doesn't that doesn't sound
• 1:03:37
  too good. That doesn't sound too good.
• 1:03:40
  Anyways, here is here's someone who has been who's the founder
• 1:03:48
  and chair of the Digital Chamber and Digital Power US and she
• 1:03:56
  commented on this. She said 60 minutes ran another
• 1:03:59
  crypto segment last night and once again it was packed with
• 1:04:02
  bias and sensationalism over substance.
• 1:04:06
  This isn't new. I called out the same pattern in
• 1:04:09
  their coverage last year. Here's Alexander and he says as
• 1:04:15
  market structure legislation proceeds, pretty clear signals
• 1:04:19
  has gone out to all the ideological non profit groups
• 1:04:26
  and their media contacts. Same thing happened during
• 1:04:29
  Genius. From very little crypto coverage
• 1:04:32
  to wall to wall. Crypto is bad overnight.
• 1:04:38
  Do you think that's a coincidence?
• 1:04:39
  No, they don't want the Clarity Act to pass.
• 1:04:43
  Do you remember how? Elizabeth Warren.
• 1:04:46
  Freaked out with the genius act and the reason for this?
• 1:04:50
  Is is very simple, ladies and gentlemen.
• 1:04:53
  They don't want a competing free market currency.
• 1:04:57
  They don't want it. They want you with the CBDC and
• 1:05:01
  they're willing to use the propaganda media industrial
• 1:05:07
  complex in order to achieve those goals.
• 1:05:13
  Point blank. That's what it comes down to.
• 1:05:15
  I don't really have anything else at to add to that other
• 1:05:18
  than layout the facts for you guys and let you guys come up
• 1:05:21
  with your own conclusion. But it's, it's so crazy.
• 1:05:25
  And you know what, our job optimized job was significantly
• 1:05:28
  easier while Operation Choke .2 point O was happening for two.
• 1:05:32
  Reasons #1 The pump was the price was actually pumping and
• 1:05:36
  #2. The amount of media attacks that
• 1:05:41
  were coming, it was the New York Times, it was the Financial
• 1:05:45
  Times, it was CNN. It was like left.
• 1:05:48
  It was left, right, left, right, left, right, left every single
• 1:05:52
  week. They would come out with
• 1:05:53
  something negative. There is even a very famous clip
• 1:05:57
  of like from from China, from Chinese mainstream media or
• 1:06:01
  legacy media. The guy was like asked.
• 1:06:03
  He's like if everyone adopts Bitcoin, we're all going to die.
• 1:06:08
  Like their, their, their excuses are running or, or their excuses
• 1:06:12
  are suffering from inflation themselves, right.
• 1:06:15
  So anyway, that those are my thoughts and opinions on all
• 1:06:17
  that. I'm going to pass it on to Opti
• 1:06:20
  Opti, what are your thoughts? And then we'll move on to the
• 1:06:22
  culture bit. Yeah, well, I've, I've been
• 1:06:25
  making the case that this was going to happen basically all
• 1:06:28
  year ever since Trump got into Bitcoin and and look, you know,
• 1:06:32
  his shit coining not a fan of, you know, there's a lot of
• 1:06:36
  things from the Trump administration from Trump
• 1:06:38
  himself that I'm not a fan of. But the fact that he came out
• 1:06:41
  pro Bitcoin, I've been saying for a while that we are going to
• 1:06:45
  start to see these attacks start to accelerate.
• 1:06:48
  And I think the timing of these are very interesting in, in the
• 1:06:52
  case that that last tweet was saying, you know, that the
• 1:06:54
  clarity Act is supposedly it, it was supposed to kind of be ready
• 1:06:59
  by Thanksgiving. And as we're seeing the attacks
• 1:07:02
  are coming. And it is interesting that there
• 1:07:05
  is kind of this coordinated, I don't know, maybe it's like a
• 1:07:08
  group chat where they finally get their marching orders and
• 1:07:10
  now they're like, okay, let's go out there and, you know, attack
• 1:07:15
  Trump for his Bitcoin quote, UN quote.
• 1:07:18
  What, what they call it conflict of interest.
• 1:07:20
  Now, you know, I, I'm OK with, with people acknowledging the
• 1:07:24
  conflict of interest and stuff, but you start to see the
• 1:07:27
  narrative shift and you start to see what they're trying to do
• 1:07:30
  with this. They're essentially trying to
• 1:07:32
  paint Bitcoin and crypto as this like Trump MAGA phenomenon.
• 1:07:37
  And that's really kind of scaring away half of the
• 1:07:40
  population here because, you know, there's so many people
• 1:07:43
  that don't like Trump that will literally do stuff to despite
• 1:07:46
  Trump, even if it hurts themselves.
• 1:07:48
  And you're seeing this play out. And now you know me.
• 1:07:50
  I, I joke on the show all the time.
• 1:07:53
  I'm, I'm, I'm very OK with people calling me a Bitcoin
• 1:07:56
  propagandist is because of stuff that we see from CNN, from what
• 1:07:59
  we see from the legacy media. They're no longer journalists.
• 1:08:03
  They are propagandists. And the only way to fight fire
• 1:08:05
  is with fire. This is why we are so obviously
• 1:08:08
  pro Bitcoin, so biased for Bitcoin, so biased that it's
• 1:08:11
  going to go up and win. It's because you're seeing the
• 1:08:14
  opposite side do the same thing, that they are just essentially
• 1:08:17
  painting Bitcoin as this corrupt money laundering, you know,
• 1:08:22
  criminal thing because they are trying to scare people away from
• 1:08:26
  using it. And right now the next tool, and
• 1:08:29
  I've been covering this all year, the next tool, or rather
• 1:08:31
  the current tool that they're using is painting Bitcoin or
• 1:08:35
  crypto as you know, this right wing Republican thing.
• 1:08:40
  Whereas what we've been saying for years now is Bitcoin is for
• 1:08:44
  anyone. The problems we are facing right
• 1:08:46
  now is we have broken money. Now there's a lot of other
• 1:08:49
  problems as well, but the main problem is the control over Fiat
• 1:08:54
  currency, The fact that they have to print more money, the
• 1:08:56
  fact that since they print more money, everyone is getting
• 1:08:58
  broker and broker and broker and there's no possibility of
• 1:09:01
  escaping the hamster wheel. And then you add on top of that
• 1:09:04
  this digital ID and CBDC stuff, and it all makes perfect sense.
• 1:09:08
  While the propaganda wings are coming out and attacking
• 1:09:11
  Bitcoin, painting it as a bad thing, and I'm really not
• 1:09:15
  surprised. I've been telling you guys this
• 1:09:16
  for a while, that as Bitcoin wins more, they are going to do
• 1:09:21
  whatever they can to kind of paint Bitcoin as this bad thing
• 1:09:25
  and scare people away from using it.
• 1:09:27
  And we're starting to see that increase in frequency in in in
• 1:09:33
  their effect now. Hopefully people are waking up
• 1:09:36
  to what is going on. Maybe not everyone is, but I
• 1:09:40
  know Bitcoiners have, are very keen to this idea.
• 1:09:42
  We've seen this happen for what, 16 years?
• 1:09:45
  We know how these playbooks work.
• 1:09:47
  If you don't just eat the, you know, mainstream media
• 1:09:52
  propaganda hook, line and sinker, then it becomes very
• 1:09:55
  obvious what's going on. And I think this is only going
• 1:09:57
  to continue to increase. Now, obviously as Bitcoin goes
• 1:10:01
  up, as more people kind of escape the matrix, you're going
• 1:10:04
  to see the frequency of these attacks go up.
• 1:10:07
  But it is interesting that that as the year progressed, we saw
• 1:10:11
  more and more attacks and, and they try different narratives
• 1:10:14
  and they try different angles and most of these fall flat on
• 1:10:18
  their face. And so we're seeing that right
• 1:10:20
  now. This is the current one that
• 1:10:21
  basically paints all of the Bitcoin industry, or I mean, I,
• 1:10:24
  I'm not the biggest fan of the crypto industry, but when people
• 1:10:27
  say crypto, they usually mean Bitcoin.
• 1:10:29
  They're painting this whole new paradigm shifting industry as a
• 1:10:33
  bad thing because of what one person or two people have done.
• 1:10:37
  And it's just a classic, classic psyop kind of narrative
• 1:10:42
  propaganda machine that we've seen play out in the past.
• 1:10:45
  And I really don't think it's going to work in, in my opinion.
• 1:10:48
  But Nico, I do know you have to go right now.
• 1:10:50
  So maybe say goodbye and I will take the show from here.
• 1:10:54
  Yeah guys, love you. Go to simplybitcoin.com.
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  All right, guys, you're stuck with me.
• 1:13:41
  So I last night and, and you know, yesterday I was, I was
• 1:13:46
  talking about the Bitcoin or sorry, mining disrupt
• 1:13:49
  conference. And you know, I was talking
• 1:13:52
  about just the love and appreciation from you guys.
• 1:13:54
  But anyways, there's a lot of good conversations that I had
• 1:13:57
  there and I was kind of continuing this thought process
• 1:14:01
  last night. I was watching a show or, or a
• 1:14:04
  stream, a YouTube stream, I forget what it was, but they
• 1:14:07
  were kind of like defining terms for the movement.
• 1:14:10
  And it made me think, of course, in Bitcoin terms like what are
• 1:14:13
  the defining terms or the defining memes?
• 1:14:16
  And, and everyone on rumble is like, oh, meme review time.
• 1:14:18
  Now we're not going to do an actual meme review.
• 1:14:21
  We are we're, we're, we are kind of going to define some memes.
• 1:14:24
  And so, you know, very simply to capture a movement, people do
• 1:14:31
  need to be kind of organized, maybe not necessarily just in,
• 1:14:36
  in people coming together and like how other people do it,
• 1:14:39
  protesting, etcetera. But we do have to have defining
• 1:14:42
  kind of words and, and defining signals as Bitcoiners like to
• 1:14:46
  call it, you know, shelling points.
• 1:14:47
  And This is why memes are so powerful.
• 1:14:49
  If you guys have been on the show for a while, you guys know,
• 1:14:51
  we used to do the meme review and you guys still yell at me
• 1:14:54
  'cause I 'cause I stopped doing it.
• 1:14:55
  But memes are super powerful. We used to say when we did the
• 1:14:58
  meme review, you know, tweet to the bullets and memes are the
• 1:15:02
  artillery, if I did that correctly.
• 1:15:04
  And so I was just thinking about this, like, what are the
• 1:15:05
  defining memes to me that really kind of emphasize what this
• 1:15:10
  movement is? And I am going to connect some
• 1:15:12
  of the conversations that I had at mining disrupt.
• 1:15:15
  Now, the first one is very clearly Bitcoin only.
• 1:15:18
  I say this, we say this on the show all the time.
• 1:15:20
  There's Bitcoin and then there's everything else.
• 1:15:23
  And the reason I'm I'm bringing this one up today is very
• 1:15:26
  obviously everything in quote UN quote crypto revolves around
• 1:15:29
  Bitcoin. It is Bitcoin only.
• 1:15:31
  That's the only thing you should be buying.
• 1:15:33
  There's nothing else in the quote UN quote crypto space that
• 1:15:36
  comes close to Bitcoin. You know, a lot of people
• 1:15:39
  actually at the mining disrupt were coming up to me talking
• 1:15:42
  about Z cash and I'm just like very clearly like it's a shit
• 1:15:45
  coin, bro. Like stay away from it though.
• 1:15:47
  If you're looking at the chart, it, it pumped and I think there
• 1:15:51
  was a coordinated effort on Twitter by a lot of people to
• 1:15:53
  pump this and you know, basically.
• 1:15:55
  Try to try. To, you know, dump their bags on
• 1:15:58
  retail. But the reason Bitcoin is
• 1:16:00
  different from everything else. And someone and, and I, I, we
• 1:16:04
  were having this conversation and they're like, but you know.
• 1:16:06
  This shit coin has the same properties as Bitcoin and I'm
• 1:16:10
  like yeah but it's not Bitcoin. The network effect of Bitcoin is
• 1:16:12
  completely different to everything else.
• 1:16:14
  No one can recreate it even if something like Z Cash tries to
• 1:16:18
  reclaim recreate what Bitcoin is.
• 1:16:22
  The main point is the Immaculate Conception of Bitcoin.
• 1:16:25
  And with Z cash, everyone knows about the founders tax there.
• 1:16:29
  You know they they baked in where the people that created it
• 1:16:33
  can can. You know, siphon money out to
• 1:16:36
  their own pockets. This is why we are Bitcoin only.
• 1:16:39
  There is Bitcoin and then there is everything else.
• 1:16:42
  There is Bitcoin and then there is shit coin.
• 1:16:44
  So Bitcoin only is one of the defining memes.
• 1:16:47
  They're not in a remember the the trigrams.
• 1:16:50
  You know, you try to get your movement boiled down into 3
• 1:16:55
  words. I like that it was 2 words, you
• 1:16:58
  know, Bitcoin only. But anyways, and then the next
• 1:17:00
  one that I was thinking, especially in the face of a lot
• 1:17:03
  of the stuff I've been talking about recently on the show,
• 1:17:06
  captured Bitcoin versus self sovereignty Bitcoin and I and I
• 1:17:11
  kind of boiled it down to control over Bitcoin.
• 1:17:14
  Now that has been one of the defining conversations right
• 1:17:17
  now, now that institutions are here, who has control over
• 1:17:19
  Bitcoin? And I, I kind of boiled this
• 1:17:22
  down into a different framing, like what does control over
• 1:17:26
  Bitcoin mean to me? It's not just the institutions
• 1:17:29
  here. It's not like how a lot of
• 1:17:31
  people say, you know, that CIA or NSA created Bitcoin and they
• 1:17:35
  can do a backdoor on, on Bitcoin and they control Bitcoin.
• 1:17:39
  That's the code is open source. They can't, they can't do that.
• 1:17:42
  So what does control over Bitcoin mean to me?
• 1:17:45
  And, and I boiled it down to self custody.
• 1:17:47
  This is why we have the self custody meme now.
• 1:17:50
  I kind of like control over Bitcoin a little better than
• 1:17:53
  self custody in your Bitcoin. It like it kind of sinks into
• 1:17:56
  what this is all about. It's like Bitcoin only and then
• 1:18:00
  you want control over your Bitcoin, your personal Bitcoin
• 1:18:03
  because as we're seeing right now, the institutions are here,
• 1:18:05
  Wall Street is here and they're creating these products.
• 1:18:08
  As I've been saying. And actually I didn't really
• 1:18:11
  create this, but it really popped in my head for my boy
• 1:18:14
  Admiral at Bitcoin. Well, is there's captured
• 1:18:16
  Bitcoin and then there's self custody Bitcoin.
• 1:18:19
  But if you're being honest with ourselves, if we're being honest
• 1:18:21
  with ourselves, self custody Bitcoin hasn't really hit with
• 1:18:26
  the people. And they're like whatever self
• 1:18:28
  custody Bitcoin like, OK nerd, shut up.
• 1:18:30
  It's really control over Bitcoin.
• 1:18:33
  That's what this is all about. Who controls the Bitcoin?
• 1:18:37
  Who controls your Bitcoin? Are you giving up your keys to
• 1:18:40
  institutions for Wall Street products?
• 1:18:42
  Are you allowing middle men to get in between you and your
• 1:18:45
  Bitcoin? That's what this is all about
• 1:18:47
  Bitcoin only and then control over Bitcoin or control over
• 1:18:51
  your Bitcoin. That's what this is all about,
• 1:18:54
  guys. This is what This is the the two
• 1:18:57
  defining conversations in. This whole Bitcoin.
• 1:19:00
  Bitcoin movement is, it's Bitcoin only.
• 1:19:03
  Everything else is a shit coin. Everything else is designed to
• 1:19:05
  take your Bitcoin. And who controls the Bitcoin?
• 1:19:08
  Who controls your Bitcoin? Are you custodying your keys?
• 1:19:11
  Not your keys, not your cheese. See how these all kind of build
• 1:19:15
  on each other? And now the last one, which is
• 1:19:19
  the one that you guys have been giving us a lot of shit
• 1:19:21
  recently, It's number go up, guys.
• 1:19:23
  Like that's what it's all about. But what is number go up?
• 1:19:26
  It's a 21 million hard cap again, Infinity divided by 21
• 1:19:31
  million. Now I could expand on this and
• 1:19:34
  we can add more and more memes on this that define the
• 1:19:36
  movement, but I. Think.
• 1:19:39
  If we're being honest, and I've said this so many times
• 1:19:43
  throughout the years, bit corners are bad at marketing, we
• 1:19:46
  are bad at PR, and we do kind of recreate the same things over
• 1:19:51
  and over again. And then we're sitting there
• 1:19:53
  wondering why people don't like Bitcoin.
• 1:19:55
  Well, you see how I kind of took the same classic memes and now
• 1:20:00
  I'm just kind of doing some PR spin on them.
• 1:20:02
  It's like it's Bitcoin, only that one's self-evident.
• 1:20:04
  It's. Control over Bitcoin?
• 1:20:06
  Who controls Bitcoin? Who's controlling your Bitcoin?
• 1:20:09
  That's that's the questions you should be asking yourself.
• 1:20:11
  Then of course number go up. You guys have been trolling me
• 1:20:14
  all day about being a Fiat maxi. But bro, 21 million hard cap.
• 1:20:19
  What does that mean in the context of 1 quintillion?
• 1:20:22
  Wait, is it quintillion? Quadrillion?
• 1:20:25
  Sorry, one quadrillion of global wealth out there.
• 1:20:31
  One quadrillion divided by 21 million.
• 1:20:33
  And now I don't necessarily believe that Bitcoin is going to
• 1:20:35
  take all of the world's wealth, but you know, you could say
• 1:20:39
  half, you can say 1/3, whatever your conservative bet is.
• 1:20:42
  But that's what this is all about.
• 1:20:43
  That's why number go up has to happen.
• 1:20:46
  And further with number go up means more people are coming
• 1:20:49
  into Bitcoin. So whether you think that the
• 1:20:51
  Bitcoin price in Fiat dollars doesn't mean anything, that's
• 1:20:56
  cool, you know, or you're one of the more cypherpunk kind of a
• 1:21:00
  hardcore, you're like, there's way more interesting things
• 1:21:02
  about Bitcoin in the price. Yeah, I totally agree.
• 1:21:05
  But when you're looking at it from a normies perspective, from
• 1:21:08
  someone coming into the space, the only thing they care about,
• 1:21:11
  bro, is if I put money in this, is it going to go up?
• 1:21:16
  That's where the greed kicks in. That's where the FOMO kicks in.
• 1:21:19
  It is number go up. There is a lot of properties
• 1:21:22
  around Bitcoin that I find super interesting besides the price.
• 1:21:26
  But we are here on YouTube. We are here on social media, on
• 1:21:29
  Rumble, on Twitter and people don't come into the space for
• 1:21:33
  self sovereignty. They don't come into the space
• 1:21:35
  for permissionless, you know, protocols like they, they, they
• 1:21:39
  don't come for the network effects per SE.
• 1:21:41
  Like they don't come for the things that you like.
• 1:21:44
  They come because they asked themselves, what can this
• 1:21:47
  technology do for me? Most people are struggling right
• 1:21:51
  now. Most people are getting cooked
• 1:21:53
  by inflation. Most people are having a hard
• 1:21:56
  time putting groceries on the table.
• 1:21:59
  This is how you tap into the psychology of people out there.
• 1:22:04
  If people are struggling, don't sell them on ending the Fed.
• 1:22:08
  Don't sell them necessarily on permission list protocols unless
• 1:22:12
  they're talking about CBD CS. People just want to be able to
• 1:22:16
  save their wealth and survive and further get rich.
• 1:22:20
  Why do you think one of the earliest best memes of Bitcoin
• 1:22:23
  or or crypto was Win Lambeau? Because everyone.
• 1:22:27
  I wouldn't say everyone, but people like the idea of being
• 1:22:32
  wealthier. They like the idea of getting
• 1:22:35
  rich. Honestly, he's not my favorite
• 1:22:37
  person out there, but that crypto Nick guy that choose rich
• 1:22:41
  meme, that was a good ass meme. Too bad he's a shit coiner, but
• 1:22:44
  that's a good meme, guys. And so look, you can define this
• 1:22:49
  movement however you want, But I think for me, when I was
• 1:22:53
  thinking about this last night, kind of continuing the
• 1:22:55
  conversations I had at Mining Disrupt, it all boils down to
• 1:23:00
  Bitcoin only who controls the Bitcoin and number go up.
• 1:23:04
  Those are the big defining things that I think most people
• 1:23:07
  can latch onto is you only want to buy Bitcoin.
• 1:23:10
  You need to self custody your Bitcoin and then there's 21
• 1:23:14
  million hard cap. These are tried and true memes.
• 1:23:16
  They've been around for a long time now.
• 1:23:18
  The goal for you is how do you tailor these memes for your
• 1:23:22
  friends and your family? As we've been covering all year
• 1:23:25
  long, there is no retail. Now you can ask yourself why
• 1:23:29
  isn't there any retail? I mean the price has been 10 all
• 1:23:33
  year bro, what are you like what are we talking about?
• 1:23:35
  What are this this conversation like there is there?
• 1:23:39
  There isn't anything to get a normie into Bitcoin.
• 1:23:44
  Bitcoin's been stagnant. And then further like we just
• 1:23:47
  covered in the news and then you have a media attack around
• 1:23:49
  Bitcoin from legacy media. They're making this whole
• 1:23:53
  industry look like a joke. Now you some people have been
• 1:23:56
  arguing in the chat that Trump's doing that himself.
• 1:23:58
  And it's up to us to kind of distinguish the noise from the
• 1:24:03
  signal. Most people are struggling out
• 1:24:06
  there. I fundamentally believe in fix
• 1:24:08
  the money, fix the world. I fundamentally believe that the
• 1:24:13
  main one of the main problems in the world right now is that we
• 1:24:17
  have a broken money, that the powers that be can just print
• 1:24:20
  money out of thin air, that we literally have paper money.
• 1:24:23
  I owe you debt, government words as our money.
• 1:24:27
  And everyone thinks this is the status quo.
• 1:24:29
  Everyone thinks this has been happening forever.
• 1:24:30
  Everyone thinks this is the only way it can happen.
• 1:24:33
  Well, Bitcoin here, Bitcoins here to essentially show that
• 1:24:37
  that's not the case. There is an alternative, there
• 1:24:40
  is an exit route. There is a better world if you
• 1:24:45
  just take that first initial leap like the the game has
• 1:24:48
  always been accumulating Bitcoin get off 0.
• 1:24:52
  The only what's that one meme? The only winning move is not to
• 1:24:57
  play. You have to get into Bitcoin and
• 1:25:01
  as we're seeing it's starting to take over the world, it's
• 1:25:03
  starting to become the defining conversation.
• 1:25:06
  It's starting to become the macro asset.
• 1:25:08
  It it's it's in my opinion, it's the only thing people should be
• 1:25:11
  holding. Now that's a blanket statement.
• 1:25:14
  And of course there's, you know, there is reasons why people
• 1:25:21
  might want to hold different Bitcoin exposure products.
• 1:25:23
  Personally just want to custody Bitcoin.
• 1:25:26
  You just want to hold spot Bitcoin.
• 1:25:28
  This is the safest bet to withstand whatever crazy stuff
• 1:25:32
  is going to happen towards the end of this decade.
• 1:25:36
  It is holding Bitcoin in custody, self custody under your
• 1:25:41
  own control. This is how you can make sure
• 1:25:44
  that no matter what craziness happens down the pipeline, you
• 1:25:47
  are going to be OK. This is what it's all about.
• 1:25:52
  Bitcoin only. Who controls the Bitcoin and 21
• 1:25:57
  million hard cap number go up. This is how we win, guys.
• 1:26:01
  Now, of course, the cypherpunks out there, the devs out there
• 1:26:04
  that are building the protocols so that we can ensure what we
• 1:26:08
  are building is going to do what we want it to do, what we think
• 1:26:11
  it's going to do. They're super important.
• 1:26:14
  The Bitcoin miners out there that are hashing transactions,
• 1:26:18
  super important. The node runners that are
• 1:26:21
  verifying transactions, super important.
• 1:26:24
  All of these things work together.
• 1:26:27
  This is how we win and then us talking heads, you know, as my
• 1:26:31
  boys over at the bugle been saying the pleb slop creators.
• 1:26:37
  This is how we get more people into Bitcoin.
• 1:26:39
  We have to capture their imaginations.
• 1:26:43
  People are struggling. They're looking for a better way
• 1:26:46
  tailor your message that people understand what is going on.
• 1:26:50
  That's all this is about anyways, guys kind of ranted.
• 1:26:53
  Let me see. Let me see what?
• 1:26:55
  See what the chat's saying. Chat, let's go, Shouts out
• 1:27:02
  Justin Nolan. He's been trolling me all day.
• 1:27:05
  We got you bro. All right, all right.
• 1:27:08
  Anyways, you already know the deal bullies.
• 1:27:12
  We will be back tomorrow, roughly 1240.
• 1:27:18
  Be happy Eastern Time Monday through Friday.
• 1:27:25
  Of course, like subscribe, we're dropping all kinds of content
• 1:27:28
  comment on the show. Let us know what you think about
• 1:27:30
  the show let me know what you think about the ramp I I do pay
• 1:27:33
  it. I I pay attention more to the
• 1:27:36
  chat than the comments on YouTube, but you know I'm
• 1:27:38
  listening I'm listening to you guys anyways guys I appreciate
• 1:27:42
  you. I love you guys.
• 1:27:45
  I will see you tomorrow. Let's see what happens.
• 1:27:49
  I don't think the bull run is over.
• 1:27:51
  I'll say it here, I'll eat crow if I'm wrong, but I don't think
• 1:27:56
  the bull run is over. I think this is the time to
• 1:28:00
  stack sacks. I think this is a time that
• 1:28:03
  we'll look back on this and be like, remember 2025?
• 1:28:05
  That year kind of sucked, but it ended good and we won and this
• 1:28:12
  is how we win, guys. Anyways, I love you guys.
• 1:28:15
  I will see you tomorrow. Peace out.
• 1:28:18
  It's your boy Opti. Until next time.
• 1:28:20
  This has been simply Bitcoin Live.
• 1:28:24
  Today's episode was brought to you by bitcoinwell.com, a
• 1:28:27
  Bitcoin only platform on a mission to enable financial
• 1:28:30
  independence.