Latest / Simply Bitcoin / Spot Bitcoin ETF Approval DISASTER | EP 901

Transcript

Spot Bitcoin ETF Approval DISASTER | EP 901 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah.
• 0:20
  Welcome to another episode of Simply Bitcoin Live.
• 0:24
  We are your number one source for the peaceful Bitcoin
• 0:26
  revolution of color, breaking news, culture, matic warfare.
• 0:29
  We will be your guide through the separation of money and
• 0:33
  state. Yesterday was an absolute
• 0:36
  disaster. Like, honestly, like, I don't
• 0:39
  know what's going on. A lot of projection.
• 0:43
  We're going to break it down. But essentially what happened
• 0:46
  was a the apparently the SEC Twitter account got hacked and
• 0:52
  they announced that the ETF was approved.
• 0:56
  It was later discovered by Gary Gensler.
• 1:00
  Like they they were just announcing this that no it would
• 1:03
  that the account was actually compromised.
• 1:06
  That tweet wasn't real. The ETFs actually haven't been
• 1:09
  approved. But what's really interesting is
• 1:12
  that the legacy corporate media all covered for the SEC.
• 1:16
  They said, oh this is actually this was actually Twitter that
• 1:21
  got hacked. Of course we know that that
• 1:24
  wasn't the case. It was actually that the SEC
• 1:28
  account did not have to affay on even though.
• 1:32
  And we have the receipts for you guys.
• 1:33
  They there's tweets from not only Gary Genser but from the
• 1:36
  SEC themselves literally telling people turn on your two FA
• 1:42
  protect your accounts. So again once it it it's another
• 1:45
  example of rules for thee, but not for me.
• 1:48
  And then not to mention the fact that the SEC, the sole purpose
• 1:52
  is to protect people from market manipulation.
• 1:56
  That tweet literally manipulated the market.
• 1:59
  If you had a short open, if you had a leverage long open, you
• 2:03
  got absolutely massacred yesterday and you know who's
• 2:06
  responsible? The SEC, which is absolutely
• 2:10
  really like you could not like, it's so fun working in Bitcoin
• 2:14
  and like getting to cover this stuff because literally there's
• 2:17
  not a dull day and then every anything that you like you
• 2:21
  couldn't write a script about this better if you tried like
• 2:26
  just think about the last year. It's just absolutely crazy.
• 2:29
  I think this is a vindication for Elon because one of the one
• 2:32
  of the charges that one of the charges that the that the SEC
• 2:38
  pressed against Elon was manipulating the stock via
• 2:43
  tweets, right? And I just find like, I just
• 2:46
  find it poetic that, you know that the SEC themselves
• 2:51
  manipulated markets with a tweet.
• 2:54
  So it's just absolutely hysterical, guys.
• 2:57
  It is. It is a very, it was a very long
• 3:00
  story. A lot, a lot of events happen.
• 3:02
  But we have all the tweets for you guys, we have all the
• 3:05
  receipts. So we'll bring you from A-Z what
• 3:09
  happened. But it was absolutely crazy.
• 3:11
  And other news, apparently you are to believe it.
• 3:15
  Today is the day that the so-called Spot Bitcoin ETF is
• 3:20
  going to get approved. There was a from a Bloomberg
• 3:24
  Terminal. We'll show you guys the tweet in
• 3:26
  the numbers section. It shows that that apparently
• 3:30
  the approval is going to happen today at six between 6:00 PM and
• 3:35
  8:00 PM Eastern Standard Time. So let's see what happens.
• 3:40
  You know, are we on the verge of another approval?
• 3:42
  Is it going to be denied? But again, a huge, huge, huge
• 3:48
  ball drop by the government agency that is supposed to
• 3:52
  protect consumers, which I think is absolutely hilarious.
• 3:57
  They've been grandstanding, they've been grandstanding this
• 3:59
  entire time. You know, crypto projects are
• 4:02
  bad. You know, like, I tend to agree
• 4:05
  with that. I think crypto is a scam.
• 4:07
  Bitcoin, not crypto. But you know, it's just, it's
• 4:10
  just fitting. It's a bit of cosmic justice.
• 4:14
  I'm going to say this does not look good on Gary Gensler
• 4:18
  whatsoever. If there is no accountability
• 4:22
  for this, I'm gonna be highly disappointed.
• 4:25
  Just like the DOJ press conference a couple weeks ago
• 4:28
  where they were lecturing us essentially about Binance
• 4:33
  circumventing all these money laundering laws, et cetera, et
• 4:39
  cetera. You know, at the same time, you
• 4:42
  know, I'm not going to get into any specifics, but, you know,
• 4:46
  why is it that some members in Congress are worth hundreds of
• 4:49
  millions of dollars out of a off of a government salary And why
• 4:53
  do they keep sending, you know, hundreds of billions of dollars
• 4:57
  to foreign countries to fund foreign wars that have no
• 5:00
  benefit for the American people? You know, so again, like it, it
• 5:04
  it, it, it's hard to get lectured by, you know,
• 5:07
  government officials. And again, I think it's a
• 5:10
  psychological protection a, a projection.
• 5:13
  There was that New Jersey senator that was basically, you
• 5:17
  know, saying that Naimbu Kayleigh was a dangerous to
• 5:19
  Democrat danger to democracy. That you know, that he was
• 5:23
  guilty of of of conspiracy, guilty of fraud, guilty of money
• 5:27
  laundering. Fast forward a year later,
• 5:29
  literally they find cash and gold bars in this guy's trunk
• 5:34
  and they charge him with with corruption.
• 5:38
  Like literally, he, he, he, he, he, he, he accused Nayeem
• 5:42
  Bukheli of what he was guilty of himself, you know, But you know,
• 5:46
  this is what the book, the sovereign individual predicted.
• 5:48
  You know, once you get to the end of a cycle, that's when
• 5:52
  things really get off the rails. And I think that's really what
• 5:55
  we're living through. Some people call it the 4th
• 5:57
  turning, but all of this doesn't matter.
• 5:59
  You're watching on the sidelines eating popcorn.
• 6:02
  If you have your Bitcoin in self custody, you're just looking at
• 6:04
  that stuff and you're like wow, this is entertainment and the
• 6:07
  UPS and the downs, The downs is a great opportunity for you to
• 6:11
  stack cheaper stats. Anyways guys, no more delay.
• 6:14
  I do want to start the show and I want to bring up our guests.
• 6:16
  First we have our guest Craig, and of course my legendary Co
• 6:21
  host. He is always optimistic he's
• 6:23
  dressed up. We have Johnny Depp back in the
• 6:27
  house. Opti Depp.
• 6:29
  He's gonna be unbuttoning, unbuttoning his shirt as the
• 6:32
  show progress. Starts sweating all day.
• 6:34
  As the show progresses. Guys, the adults are in the room
• 6:37
  now, so I feel like we have to actually wear suits on the show
• 6:41
  to be taken seriously. I'm gonna wear a suit, dude.
• 6:43
  You and Ruston are making me look.
• 6:44
  Bad. I'm gonna have to actually buy a
• 6:46
  suit. But anyways, Nico, not to like
• 6:50
  blow up what's going on on the news, but it looks like the ARC
• 6:54
  might the ARCA 21 ETF might have just gotten approved.
• 6:59
  Again, we can't verify this yet. I'm sure we'll get some news
• 7:02
  later. Shouts out to Billy Macdo.
• 7:04
  It says accepted and it is the ticker are on fidelity right now
• 7:10
  so this is all happening in real time.
• 7:12
  We'll we'll probably cover this in in detail tomorrow, but it
• 7:15
  looks like it's actually the day and the spot Bitcoin ETF is
• 7:19
  getting approved as we speak, so.
• 7:21
  I'm. Looking What a day, what a day.
• 7:23
  Information. It seems like there isn't any
• 7:25
  official there's. No official.
• 7:27
  Word. No official word Did we know?
• 7:29
  Their website wasn't hacked. Yeah, exactly.
• 7:32
  So we there's no official wording, but this could be a
• 7:35
  very very historic day for Bitcoin.
• 7:38
  And I also want to mention guys, it would be extremely fitting
• 7:42
  because many, many, many years ago, the one the only, the
• 7:45
  legendary Hal Finney tweeted running Bitcoin and you know
• 7:49
  what day he tweeted it. It's giving me chills, saying.
• 7:51
  This. January 10th and today is
• 7:54
  January 10th and today could be the day that the Bitcoin Spot
• 7:58
  Bitcoin ETF. It's no longer just running
• 8:00
  Bitcoin. It's running Wall Street.
• 8:02
  Let's go. Yeah, so this is, this is crazy.
• 8:05
  I got, I got, I got chills like thinking about that because it's
• 8:09
  so fitting. You know, this absolute Bitcoin
• 8:13
  legend, and this is the day that that happens.
• 8:15
  It makes me kind of like it makes me kind of want to tear up
• 8:18
  a little bit, you know? So anyway.
• 8:20
  So you are the wet and re liked the tweet 'cause that's
• 8:23
  something you always have to do. I do it.
• 8:25
  I do it. I I even commented today, you
• 8:27
  know, because it's it's so fitting if this gets approved
• 8:30
  today like that is that is full circle.
• 8:32
  That is full circle. Maybe that's more more receipt
• 8:36
  to the fact that Gary Gensler is a Maxi out here.
• 8:39
  This is what he was waiting for. This is all the delay was about.
• 8:41
  It was him just making sure it's dropped on this historic day.
• 8:44
  100% A. 100% Anyways, ladies and gentlemen, it's going to be a
• 8:47
  great show. Buckle up and let's jump
• 8:50
  straight into the numbers. Let's do this.
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  stamp seed website. All right guys, at the time of
• 10:11
  recording, the Bitcoin price is 45,660 SAT's per dollar. 2190
• 10:20
  market cap 894 billion U.S. dollars declined from all time
• 10:26
  high 33% days. Since all time high 790 days.
• 10:31
  It's been a long time, ladies and gentlemen.
• 10:34
  Bitcoin versus gold market cap 6.55% that that number is going
• 10:39
  to go up forever. It's going to be so great when
• 10:41
  that passes over 100%, then it goes to 110, goes to 150, that's
• 10:45
  going to feel real good. Supply percentage in corporate
• 10:48
  treasuries about 10%. Total lightning network capacity
• 10:51
  5000 Bitcoin and the block height continues to make all
• 10:55
  time highs like always 825,167 Bitcoin.
• 11:01
  All right everybody, we have to go.
• 11:02
  We have to go back in the past. I am on Sophie's computer,
• 11:05
  that's why you see this down here.
• 11:06
  By the way, my computer is still getting fixed.
• 11:08
  I dropped a glass water bottle on it because Octi and Sophie
• 11:12
  were pressuring me to switch to glass and don't drink out of
• 11:15
  plastic. So I I partially blame them for
• 11:17
  having to pay all that money to fix my laptop.
• 11:20
  But anyways, anyways, how Finney?
• 11:26
  January 10th, 2009. Absolute legend running Bitcoin,
• 11:32
  right? And today apparently is the day.
• 11:35
  Here is Eric Bacunas. He is a senior ETF analyst for
• 11:39
  Bloomberg, so he knows what he's talking about.
• 11:42
  And he says I love that they use New Jersey time, although
• 11:45
  accurate, it's the same as New York time by the way.
• 11:47
  So he's just commenting on the time.
• 11:48
  But here is the Bloomberg Terminal reporting, quote UN
• 11:52
  quote, Crypto news breaking Bitcoin ETF set to be approved
• 11:56
  today between 6:00 to 8:00 PM New Jersey time, not New Jersey
• 12:01
  time. That's the same as Eastern
• 12:03
  Standard Time. So 6:00 to 8:00 PM.
• 12:07
  I think everyone's gonna be watching.
• 12:09
  But you can't stop Jamie Dimon. You know, the CEO of America's
• 12:12
  largest bank to not stop, you know, making his thoughts known
• 12:17
  on this. So I have a video for you guys.
• 12:20
  I'm going to play. It's about 31 seconds long and
• 12:23
  we're going to have a discussion about all this.
• 12:25
  There's also a new regulation coming on Bitcoin and you, you
• 12:28
  know, famously said recently that you would shut it down if
• 12:31
  you were in government. Can you give us more clarity on
• 12:33
  that? I've always said that Bitcoin
• 12:36
  doesn't have value and I don't care that people do a Bitcoin.
• 12:39
  But I was also pointing out is that the the the actual use
• 12:42
  cases are sexual trafficking, tax avoidance you know anti
• 12:46
  money laundering terrorism financing.
• 12:49
  It's not people just buying and selling Bitcoin that that's
• 12:52
  there's no value to you know you you're like that is some that is
• 12:58
  some bullshit like that that that's art like look, Elizabeth
• 13:03
  Warren released the the data. Sorry not Elizabeth Warren.
• 13:07
  She definitely didn't release the data.
• 13:09
  She doesn't want this data to come out.
• 13:10
  Cynthia Lummus released the data. 99% of illicit finance is
• 13:16
  conducted using the traditional financial system.
• 13:19
  So why is Jamie Dimon saying this?
• 13:22
  Because really, Bitcoin is a threat to banks.
• 13:26
  Why? Because once the the general
• 13:28
  public starts to figure out that all of a sudden I don't have to
• 13:33
  leave my savings in a Bank of which charges me a monthly
• 13:37
  maintenance fee if I don't have a certain amount on there.
• 13:41
  Not to mention that you're not holding Bitcoin in a bank,
• 13:45
  you're holding dollars in a Bank of which they're also losing
• 13:48
  value. So you're just getting like
• 13:50
  screwed in so many different ways and they figure out, wait,
• 13:54
  I could take self custody of this thing.
• 13:56
  I don't have to pay a fee #1 and #2.
• 14:00
  It's number go up technology. It's a deflationary currency.
• 14:03
  Your purchasing power increases over time.
• 14:05
  So if I was someone like Jamie Dimon, I'm like, holy shit, as
• 14:07
  soon as people figure this out, this is not a good thing, right?
• 14:11
  You know? And of course he he teams, he
• 14:13
  teams up with Elizabeth Warren and you know they they they try
• 14:17
  to, you know they try to convince the public and try to
• 14:21
  gather enough political support off misrepresentations because
• 14:26
  both their claims have been debunked in order to try to stop
• 14:29
  this thing. But you can't stop the honey
• 14:30
  badger. You could slow it down in
• 14:32
  certain countries and whatnot and this since and that the
• 14:34
  bitcoins incentives will rule the day.
• 14:37
  Anyways, we were talking with Craig earlier on and he wanted
• 14:41
  to talk about the halving because the halving is coming
• 14:44
  up. So Craig, what are your thoughts
• 14:45
  on the halving? And then I want to get off these
• 14:47
  thoughts on the video and the the supposed the supposed
• 14:51
  approval of the ETF at 6:00 PM. Well, I just wanted to when we
• 14:54
  were doing the numbers, I was thinking that like we're we're
• 14:57
  less than 15,000 blocks away. I think it was like 825,000
• 15:02
  blocks around right now and the halving's at 840,000 blocks.
• 15:06
  So it's coming up quickly. I think the the estimated time
• 15:10
  is like around April 20th, which is another great hilarious date
• 15:13
  for celebration. I think talking about the video
• 15:18
  too. I mean, watch what they do, not
• 15:20
  what they say. Jamie Dimon, JP Morgan Chase is
• 15:23
  an authorized participant of Blackrock's ETF, so he's on TV
• 15:28
  talking trash right now about Bitcoin.
• 15:31
  And meanwhile, in the background, they are a a
• 15:34
  necessary partner for BlackRock to be handling the the trade,
• 15:40
  insurance and outs of the ETF. 100% OPTI, what's your talk,
• 15:46
  what's your take on Craig on, you know, Craig Craig's comments
• 15:50
  and then what's your take on, you know, the supposed approval
• 15:54
  if we can't trust the SEC, we could be?
• 15:56
  Trustful. Well, I'm glad Craig brought
• 15:59
  that up because I was going to say the same thing, you know,
• 16:01
  and and I love. How do you frame it?
• 16:02
  Well, not don't listen to what they say, watch what they do.
• 16:05
  And then like he said, you know, JP Morgan is literally the
• 16:11
  authorized participant for the BlackRock ETF.
• 16:13
  So it's funny that on the one hand, I mean we've been saying
• 16:16
  this for a while, the the the billionaire banker, politician
• 16:20
  playbook is all the same. You publicly FUD Bitcoin, you
• 16:23
  probably stack Bitcoin on the back end and then once your bags
• 16:25
  are packed, you come out publicly, very publicly and say
• 16:28
  like, Oh yeah, we love Bitcoin. And this is what they've been
• 16:32
  doing for a long time in the Bitcoin space, and we can almost
• 16:37
  be certain that they have their own holdings of Bitcoin.
• 16:39
  Maybe they there's some legal fiduciary responsibilities of
• 16:43
  reporting on that, but there's always, you know, pigeons and
• 16:47
  people that they can use to stack Bitcoin in their name.
• 16:51
  But anyways, the Jamie Dimon video doesn't surprise me at
• 16:55
  all. Yeah, I think it's just funny
• 16:57
  that he does this on this day, considering like the importance
• 17:01
  of what's happening right now at the spot Bitcoin ETF.
• 17:04
  But remember, Elizabeth Warren was, quote UN quote, grilling
• 17:07
  him the other day and he said the same thing.
• 17:09
  This is not a new statement by Jamie Dimon or bankers and
• 17:12
  central bankers and their ilk. So I'm not surprised that this
• 17:15
  is what they're saying. Of course, they cannot fully
• 17:18
  endorse Bitcoin because we know what Bitcoin does.
• 17:20
  It literally disintermediates their job.
• 17:23
  So they're obviously not going to come out at least on the very
• 17:26
  first of this and be like, oh, we love Bitcoin.
• 17:28
  You guys should go jump in and save in Bitcoin.
• 17:30
  They're going to do their best to gaslight the masses out
• 17:33
  there, the population, the normie population that they
• 17:36
  probably shouldn't get as much Bitcoin exposure as they should.
• 17:39
  They'll start to trinkle that that signal out slowly but
• 17:43
  surely obviously at first tell their high net worth individuals
• 17:46
  that yeah, maybe you want some Bitcoin exposure and then
• 17:48
  finally Main Street will get the get the signal and they'll get
• 17:51
  told to buy Bitcoin. But anyways, on the approval it
• 17:55
  is technically on their website now.
• 17:57
  Nico and I and I showed the whole thing here.
• 17:59
  So SEC dot. I mean, so are are we?
• 18:02
  Are we on the website? This is the website.
• 18:04
  This is not. As and this is on the website
• 18:06
  yes apparently we we had the Twitter team right now they said
• 18:10
  that they they're confirming this as well but hey no official
• 18:13
  announcement yet but apparently you can see here accepted today
• 18:18
  at what 1056 Eastern. So yeah it looks like it's
• 18:24
  official but we'll we'll wait for the official announcement to
• 18:27
  fully go in from the SEC or Gary Genser themselves to approving
• 18:33
  all of the spot Bitcoin ETFs. But yeah man I guess it is a
• 18:36
  historic day. January 10th is not just the
• 18:39
  historic tweet of running Bitcoin.
• 18:41
  It is the day apparently allegedly, that the spot Bitcoin
• 18:44
  ETF gets approved. But guys, again, we're we're
• 18:48
  trying to do this in real time. So if if for some reason
• 18:52
  something happened, maybe they got hacked again on their
• 18:54
  website, we'll see what happens later.
• 18:55
  So yeah. So, so, Twitter.
• 18:58
  So, so, so Twitter team. Twitter team, if you're
• 19:01
  listening, please put the link. Below the We got it.
• 19:04
  Oh, yeah. OK.
• 19:05
  Yeah. Yeah, thread the website link
• 19:08
  and then just specify Opti that you know, according this is a
• 19:12
  link to the website don't trust, verify, you know 'cause if we
• 19:17
  can't confide on the SEC to say what's approved or not.
• 19:22
  But that according to the SEC website, as it stands right now,
• 19:26
  the ARC ETF has been approved, you know, So that's where we
• 19:32
  stand according to the website. Maybe we're reading it wrong.
• 19:36
  If you guys think we're reading it wrong, please, please let us
• 19:40
  know down in the comments. All right, everybody, let's get
• 19:42
  to the news. Well.
• 19:43
  I was just gonna say I'm surprised that they would just
• 19:45
  put it on their website without making a live announcement after
• 19:48
  yesterday. Yeah, well, maybe, yeah, that's
• 19:50
  true. But maybe they're waiting to
• 19:52
  approve more. And then they'll announce, like
• 19:55
  all of them in a bunch. But hey, maybe they're trying to
• 19:58
  avoid more bad PR. And and actually all that.
• 20:01
  No, actually, no. Let's let's go.
• 20:02
  If, Nico, if you're going to cover the whole thing, let's do
• 20:05
  that. And then I'll save my take on
• 20:06
  what actually happened. OK, cool.
• 20:09
  Could you thread, could you thread the the website Opti, we
• 20:13
  got to change that, We got to change that wording, We got to
• 20:17
  change that wording from the simply account that that's a hot
• 20:21
  potato. All right, everybody, let's get
• 20:23
  to the news. We got a lot to talk about.
• 20:27
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  more. All right everybody.
• 21:28
  I mean, it's super easy for you guys.
• 21:29
  You could scan the QR code on your screen.
• 21:31
  It will take you directly to the Foundation Devices website where
• 21:36
  you wait. Wait.
• 21:38
  I got mine right here. We got two.
• 21:41
  We got two. OK and I.
• 21:43
  Got one here too all. Right.
• 21:45
  All right. Wow.
• 21:47
  All right guys, Get yourself a passport.
• 21:50
  Hard work wallet. Remember guys, not your keys.
• 21:53
  Not your Bitcoin. You want to take self custody of
• 21:58
  your Bitcoin. If you don't take self custody
• 22:00
  or Bitcoin, it's not your Bitcoin ETF.
• 22:04
  Bitcoin is not Bitcoin, right? You want to you want to buy
• 22:07
  Bitcoin, earn Bitcoin, mine Bitcoin and take that Bitcoin
• 22:10
  into self custody. That's what you wanna do, ladies
• 22:14
  and gentlemen. And you gotta do that by
• 22:16
  properly securing your seed phrase and of course getting
• 22:19
  yourself a bad ass hardware wallet.
• 22:21
  And of course we recommend our sponsor, Passport by foundation.
• 22:25
  All right, ladies and gentlemen, I do want to talk about the
• 22:31
  media framing against Elon. Right 'cause this is nuts.
• 22:34
  This is so crazy I cannot believe it.
• 22:36
  Like what the F is going on here?
• 22:39
  SEC account hack amplifies concerns over security at Musk's
• 22:46
  X. Right.
• 22:47
  Breach underscores questions about reliability of news on X
• 22:52
  Elon Musk's X has been seeking to win back advertisers.
• 22:57
  Ladies and gentlemen. Framing is extremely important.
• 23:01
  Wording is important, OK? Wording is important.
• 23:05
  Framing is important. What they're doing is basically
• 23:10
  saying, and I'm we're going to go through the receipts.
• 23:12
  This isn't just Nikko just talking shit, right?
• 23:14
  We're going to go through the receipts.
• 23:16
  What they're doing is that they're pushing the blame from
• 23:20
  the SEC for not properly securing their account, and
• 23:24
  they're pushing the blame to Elon Musk.
• 23:29
  We know that the Biden administration does not like the
• 23:32
  X platform. We know that, you know, Europe,
• 23:37
  the European Union does not like the X platform, right?
• 23:42
  Yeah, I I saw in the vault tweet, the other say it said
• 23:45
  Elon freed the bird, right. We know for a fact once the
• 23:49
  Twitter files were released that the US government, even though
• 23:53
  this is completely against the 1st Amendment, was working with
• 23:56
  Twitter to censor certain American speech, right?
• 24:02
  But it's just interesting how the legacy media is framing it
• 24:06
  in a way where the government, even though they dropped the
• 24:09
  ball, is not responsible, it's actually Twitter is responsible.
• 24:14
  And I also want to point this out as well.
• 24:16
  Right Underscores questions about reliability of news on X.
• 24:22
  What about the reliability of the New York Times?
• 24:25
  What about the reliability of the legacy corporate media?
• 24:28
  Look at their behavior over the last three or four years.
• 24:32
  They haven't been quite reliable.
• 24:34
  There's a lot of things that they got blatantly wrong, but of
• 24:38
  course they don't take responsibility for that because
• 24:40
  they're the legacy media, right? You know, this is, this is, this
• 24:44
  is crazy. This.
• 24:45
  I'm telling you guys, this is narrative Trench warfare.
• 24:47
  They're literally telling you don't believe your eyes.
• 24:51
  It is actually the fault of. It is an actually the fault of
• 24:57
  of it's actually the fault of Twitter.
• 25:00
  So it goes on to say the SEC said in its account on social
• 25:03
  network X was compromised leading spike in the price of
• 25:06
  Bitcoin, raising fresh concerns about X, reliability as a source
• 25:10
  of information and the strength of its security practices.
• 25:13
  The incident, one of the most consequential breaches in years
• 25:16
  on the platform formerly known as Twitter, began with the post
• 25:20
  on the SC CS Official Verified Account which inaccurately
• 25:23
  shared that the regulator had approved spot Bitcoin exchange
• 25:28
  traded funds. A decision, a decision that has
• 25:30
  been anticipated for later this week.
• 25:32
  The the price of Bitcoin quickly shot up more than 2.5% as news
• 25:37
  of the post spread online and via media outlets, including
• 25:40
  Bloomberg News that were watching the SC CS feed for such
• 25:44
  an announcement. OK, and you think, wow like holy
• 25:48
  shit like Elon, like what's going on?
• 25:50
  Even even the legacy corporate media is saying the same thing.
• 25:53
  Here's a clip from CNNBC yesterday.
• 25:56
  OK. And so I'm just going to
• 25:57
  reiterate one more time. It would appear that X has been
• 25:59
  hacked, that the US government, the SEC, has not been hacked,
• 26:05
  which in of itself would have been quite interesting since the
• 26:08
  SEC is also regulating all of these cyber security issues and
• 26:12
  hacks for public. Do you?
• 26:14
  Do you, do you see that? Do you do you hear what they do
• 26:17
  you? Do you hear the doubt in her
• 26:19
  voice? Do you hear that the US
• 26:22
  government has not been hacked? It is actually X, the platform
• 26:26
  that was hacked. And here's Elon.
• 26:29
  That's how the legacy media runs right now.
• 26:32
  Let's go, let's, let's take the like a trip down memory lane.
• 26:36
  Right. So here is, you know, September,
• 26:38
  it's September twenty 18th, 2018.
• 26:41
  Elon Musk charged with securities fraud for misleading
• 26:44
  tweets. OK, OK, here's the official
• 26:49
  tweet that says today the SEC grants approval for Bitcoin ETS
• 26:54
  for listing on all registered national security exchanges.
• 26:57
  The approved Bitcoin ETF will be subject to ongoing surveillance
• 27:01
  and compliance measures to ensure continued investor
• 27:04
  protection, right? So this is the this is the this
• 27:08
  is the hack tweet, supposedly. Now here's the thing though,
• 27:13
  right? And again, the whole thing about
• 27:18
  the SEC is, is consumer protection, consumer protection
• 27:23
  brought to you by the SEC. Now I know a lot of you guys are
• 27:26
  thinking, OK, maybe the X platform was hacked, right?
• 27:29
  Maybe it was hacked. Maybe, you know, maybe, maybe,
• 27:33
  you know, maybe they're on to something.
• 27:35
  So here's what the Twitter safety team said.
• 27:37
  We can confirm that the account at the SEC Gov was compromised
• 27:41
  and we have completed a preliminary investigation.
• 27:45
  Based on our investigation, the compromise was not due to any of
• 27:49
  any breach of X systems, but rather due to an unidentified
• 27:54
  individual obtaining control over a phone number associated
• 27:58
  with the SEC government account through a third party.
• 28:01
  We can also confirm that the account did not have two factor
• 28:06
  authentication enabled at the time the account was
• 28:09
  compromised. We encourage all users to enable
• 28:13
  this extra layer of security. More information and tips on how
• 28:17
  to keep your account secure could be found in our help
• 28:20
  center. OK, right, so but look at what
• 28:24
  the media said. Look at what the legacy media on
• 28:29
  TV said. It's not the US government that
• 28:32
  messed this up. No, no, no, no, no, no.
• 28:34
  It was Twitter that messed this up.
• 28:36
  Twitter looked into it and said guys, you didn't have your two
• 28:40
  FA on. Now here's the other thing,
• 28:43
  which I think is absolutely hilarious.
• 28:46
  They themselves literally advocated for two FA.
• 28:50
  This is a reminder to This is a tweet from Gary Genzer.
• 28:53
  For audio listeners, this is a reminder to secure your
• 28:56
  financial accounts as well as protect against identity theft
• 28:58
  and fraud. Remember to use strong
• 29:00
  passphrases and passwords. Set up multi factor
• 29:04
  authentication. I guess they didn't.
• 29:08
  I guess they thought they were above that.
• 29:11
  And here's the thing, there is more history of of of this as
• 29:16
  well and I'm going to pull it up.
• 29:20
  So check this out. This is another tweet by the
• 29:23
  SEC. Careful what you read on the
• 29:25
  Internet. The best source of information
• 29:28
  about the SEC is the SEC. But what happens when the SEC
• 29:35
  tweets this and then this happens?
• 29:39
  Which leads me to led me to tweet this out yesterday.
• 29:44
  Consumer protection brought to you by the SEC.
• 29:47
  Now this brings me back to remember what they tweet.
• 29:52
  Remember what they accused Elon of?
• 29:55
  Elon Musk charged with securities fraud for misleading
• 29:58
  tweets. So is the SEC going to sue the
• 30:03
  SEC for misleading tweets? They didn't follow 2FA, They
• 30:08
  didn't follow their own rules. And then of course, because it
• 30:12
  makes them look bad, they get the legacy media to basically
• 30:16
  say Twitter was compromised and hacked, when in reality they
• 30:20
  just didn't feel like setting up the two FA themselves.
• 30:24
  And you know, a lot of people have thoughts on this.
• 30:27
  First, I'm going to start off with Jack Mahler's.
• 30:29
  This is the same Washington DC that that manages your monetary
• 30:33
  policy. I think he hit the nail on the
• 30:35
  head. Here's Bitcoin Magazine.
• 30:37
  Securities lawyers tell Fox Business that the SEC will have
• 30:41
  to investigate itself for market manipulation 100%.
• 30:45
  Some senators are pissed off. Here is Senator Bill Haggerty.
• 30:49
  Just like the SEC would demand accountability from a public
• 30:52
  company if they made such a colossal market moving mistake,
• 30:56
  Congress needs answers on what just happened.
• 30:59
  This is unacceptable. Here's the Bitcoin Senator,
• 31:03
  Senator Cynthia Lummis. Fraudulent accounts like the
• 31:05
  ones that that was made on the SEC social media can manipulate
• 31:10
  markets. We need transparency on what
• 31:13
  happened. Absolutely.
• 31:15
  But you know what? The worst thing that you can do
• 31:17
  is is say the SEC account hack amplifies concerns over security
• 31:25
  at MUX X. You know what the worst thing
• 31:27
  that you can do is is get the talking heads on legacy
• 31:31
  corporate media to say shit like this.
• 31:33
  It would appear that X has been hacked, that the US government,
• 31:36
  the SEC has not been hacked. Which in of itself would have
• 31:41
  been quite interesting since the SEC is also regulating all of
• 31:45
  these cyber security issues and hacks for public or private
• 31:49
  sector as well right now. But bottom line, you hear the
• 31:53
  reporter when she's saying that because she's coming to the
• 31:56
  conclusion and she it's in her face she's like, holy cow, like
• 32:00
  if they can't even do a Twitter account like and they're
• 32:03
  responsible for this. So like, look, this is what I
• 32:08
  got to say about this. Cut the BS Clearly you guys.
• 32:13
  The SEC has elongated the approval of the spot Bitcoin ETF
• 32:18
  process. I believe for political reasons
• 32:21
  we know that the current administration does not like
• 32:23
  Bitcoin. We know for a fact, right?
• 32:26
  Thanks to the awesome journalism from from Fox News that the
• 32:31
  Elizabeth Warren colluded with Gary Gensler on testimony
• 32:36
  regarding specific I think it was stuff in relation to
• 32:42
  Bitcoin. So like cut with the political
• 32:46
  BS, take responsibility for the drop ball and stop blaming Elon.
• 32:54
  You guys are guilty of the thing you guys have spent years of
• 32:59
  accusing other people of and it makes them look so bad that they
• 33:02
  cannot accept that they can't say because it makes them look
• 33:07
  terrible. And that's what this is about.
• 33:10
  If we if we are living under a government that is not going to
• 33:13
  take responsibility for their mess ups, they would rather
• 33:17
  blame the private sector because it's easier.
• 33:21
  There's no accountability there. There's no consequences to bad
• 33:26
  actions you know and I saw beauty on go on a on a on a
• 33:31
  tangent OPTI maybe we can pull that up basically saying that
• 33:35
  the SEC shouldn't exist at all and this is this is this is like
• 33:39
  like this is disgusting. I I'm sick of this and it it
• 33:44
  it's just like they charged Elon for a crime for doing this.
• 33:48
  They themselves did this yesterday.
• 33:51
  You know how many longs and shorts got completely wiped out
• 33:55
  with that move that came out of that account?
• 33:58
  So stop with the grandstanding. Take responsibility.
• 34:02
  I agree with Lummus and I agree with the other senator.
• 34:05
  Answers need to We need answers, right?
• 34:09
  We need answers. The Twitter team already
• 34:11
  investigated it. The ex team already investigated
• 34:13
  it. They already looked into and
• 34:15
  they said, listen, you guys didn't have two FA at the same
• 34:18
  time. They're telling you guys you
• 34:19
  should have two FA on. Who do I believe more?
• 34:23
  Because I mean, like if you take a look at, you know, the US
• 34:26
  government, again, not to get political over the 5-10 years,
• 34:31
  they don't really have a great track record of telling the
• 34:34
  public the truth. And they use the legacy media in
• 34:40
  order to propel narratives. Remember what happened in two in
• 34:43
  the 2000s? They used the New York Times,
• 34:45
  the intelligence agencies news, the New York Times to tell the
• 34:49
  American public that Iraq had weapons of mass destruction and
• 34:53
  that led to the invasion of Iraq.
• 34:55
  There was never any weapons of mass destruction discovered in
• 34:58
  Iraq, right? Like, we got to be blunt here,
• 35:01
  like like come on now, right. And if there's no
• 35:04
  accountability, if there's no responsibility that's been
• 35:07
  taken, that's a big issue. So anyways, OPTI didn't pull up
• 35:11
  the. Who are we kidding like this?
• 35:14
  This has been much longer than just the invasion of Iraq.
• 35:17
  Like, we're talking Gulf of Tonkin for the Vietnam that
• 35:20
  started the Vietnam War. We're talking JFK assassination.
• 35:24
  I mean, it's likely September 11th was an inside job.
• 35:27
  Like, there are so many different things that have led
• 35:30
  much longer than just the Iraq invasion that they haven't done
• 35:35
  and the investigations on they had.
• 35:38
  It's likely inside jobs they haven't told the truth about and
• 35:41
  we're expecting the SEC to now investigate itself to find
• 35:46
  justice. Like there's just no way that
• 35:47
  that's going to happen. I mean, to me, this Bloomberg
• 35:50
  post about X being hacked, which we know is not the case, is just
• 35:55
  the legacy media on its dying breath trying to like grasp at
• 36:00
  straws to do anything it can to make itself credible in the eyes
• 36:04
  of the people. There's just no way that that's
• 36:06
  actually what happened. I'm finding it even more
• 36:09
  difficult to believe that they didn't.
• 36:11
  The only thing was that they just didn't have two FA on.
• 36:13
  I mean to me I think they just maybe bungled the scheduled
• 36:17
  tweet about like acknowledging or announcing the the ETS being
• 36:23
  approved and now they have to backtrack and they're caught on
• 36:27
  their back foot. I think it I saw I saw a post in
• 36:30
  the comments about the the ME material has been unreal.
• 36:34
  Like yesterday was one of the funniest days I that I've
• 36:38
  experienced in Bitcoin and I've been here for a little while it
• 36:42
  was hilarious. I mean, we're talking the
• 36:44
  Regulatory agency that is supposed to protect consumers,
• 36:49
  that bungles and announcement gets hacked for doing the same
• 36:53
  exact thing they warned against and now they are looking like
• 36:58
  absolute clowns to me. This is like the funniest
• 37:00
  possible response, the funniest possible way that this ETF could
• 37:04
  get announced. I don't even care about the ETF.
• 37:06
  Like the only way you should be investing in Bitcoin is buying
• 37:09
  it and holding it in self custody.
• 37:10
  That is the only way that you should be holding Bitcoin.
• 37:13
  And here we are focusing on ETFs, which is fine.
• 37:17
  We're getting like the boomers involved in Bitcoin.
• 37:19
  That's great, but the real Bitcoin is Bitcoin in self
• 37:21
  custody. This is hilarious. 100% This is
• 37:24
  absolutely hilarious. And Michael Saylor actually had
• 37:27
  some He dropped some funny ass. Michael Saylor really has some
• 37:32
  great comedy opti pull down the screen for a second.
• 37:34
  While I share this, he did say Bitcoin will be the only thing
• 37:39
  ever approved twice by the SEC, which is absolutely hilarious.
• 37:44
  How was the? OP RETURN do you see the OP
• 37:45
  RETURN? Someone posted like Chairman on
• 37:49
  the brink of second Bitcoin ETF approval?
• 37:52
  So. Good, 100%.
• 37:53
  And I also want to specify guys, because we are on YouTube and
• 37:57
  Craig did mention something about September 11th, that that
• 38:00
  is his opinion. You know, that is not the
• 38:02
  opinion of simply Bitcoin. You know, just just YouTube if
• 38:05
  you're watching. Just to clarify that you know,
• 38:07
  we like to have open discussions with our guests.
• 38:10
  OK. So OK, anyways, I do you.
• 38:14
  Want to pull up that beauty? Yeah, beauty on rant.
• 38:17
  I love good beauty on rant. Yeah, so he says.
• 38:20
  Opti, could you zoom in? Pinch.
• 38:23
  Yeah, yeah, yeah. I got you.
• 38:24
  I got you. Wait, maybe you want to?
• 38:26
  There you go. No, that's great, Pierre.
• 38:27
  Rashard 1I. Just got So yeah, let's start
• 38:30
  with the Pierre Rashard one. Actually, I think that's
• 38:32
  appropriate. So it says Pierre Rashard says
• 38:36
  the ETF should not. That should not need regulatory
• 38:39
  approval. The SEC should have approved the
• 38:42
  first Bitcoin ETF that applied in 2013.
• 38:45
  It took ten years for the SEC to finally make the correct
• 38:49
  decision to approve. After losing in court, the SEC
• 38:52
  completely bungled the announcement.
• 38:54
  Mind you, the price of Bitcoin the first time 13 years ago was
• 38:59
  like 100 dollars, $100. How is that consumer fucking
• 39:04
  protection? I don't know.
• 39:07
  Anyways, the SEC is this is Beautyon and the beautyon's
• 39:11
  absolutely based goes on to say and he's the by the way for
• 39:15
  anyone doesn't know he's the founder of of a stucco goes on
• 39:19
  to say the SEC is unconstitutional and unamerican.
• 39:23
  In the Anglo-Saxon legal system, all citizens benefit from the
• 39:27
  presumption of innocence. That means you should be free to
• 39:30
  provide goods and services without oversight or scrutiny,
• 39:33
  and only be subject to investigation if a complete is
• 39:36
  raised. The SEC does not operate in this
• 39:39
  way. Not only does it purse prosecute
• 39:42
  you where no crime has been committed or person injured, but
• 39:45
  it acts like an extra legal, legal, ultravidious rule maker
• 39:51
  using its arbitrary standards and ideas to categorize
• 39:55
  constitutionality protected activities.
• 39:59
  Could you Scroll down OPTI? It goes on to say it appears
• 40:04
  that members of Congress are fed up with the SEC.
• 40:08
  You you can say in this context, that's the, that's the.
• 40:11
  Regarding progress, and are going to act.
• 40:14
  They will not abolish it. However, under the pretext of
• 40:17
  keeping people safe, which is the death dirge that is killing
• 40:21
  American innovation and industry.
• 40:24
  I mean, what is that Ben Franklin quote, right?
• 40:27
  If you want the people, what was it?
• 40:30
  I I did such a good quote. I like liberty and safety, one
• 40:34
  or whatever. Yeah, Liberty safety.
• 40:37
  Like if you. I I I'm butchering it.
• 40:39
  Obviously I always butcher quotes, but if you like,
• 40:41
  optimize for safety over liberty, you don't deserve
• 40:44
  either or something like that. I got it right here.
• 40:46
  Those who give up essential liberty to purchase a little
• 40:49
  temporary safety deserve neither liberty nor safety.
• 40:52
  Now what makes that even worse, ladies and gentlemen, is the
• 40:59
  people that were supposed to, like, provide safety are now
• 41:03
  responsible for actually causing harm to the public with this
• 41:07
  tweet. Right.
• 41:09
  So, like, yeah, it is, guys, I'm.
• 41:11
  I'm telling you, like, it is kind of like a mess up.
• 41:15
  Fine, It happens. It happens.
• 41:17
  It, it happens to the best of us.
• 41:19
  That's OK. We're all human, right?
• 41:22
  But what I got to say is take responsibility.
• 41:25
  Take responsibility. You didn't properly secure your
• 41:27
  account. Take responsibility for it.
• 41:29
  Own it. Don't blame Elon.
• 41:32
  And what I also got to say is enough with the BS like Sakawo.
• 41:37
  It's done. It's over.
• 41:38
  OK? Just just accept this thing,
• 41:40
  Approve it. OK?
• 41:41
  The horse and pony show is over. Clearly the market wants it.
• 41:46
  You took out Binance, right? You took out SBF.
• 41:51
  You know, like it's it's over. It's done.
• 41:53
  Just accept it. Bitcoins here to stay, right?
• 41:56
  If this doesn't get approved today, this is this is a
• 41:59
  disaster. This is just like it's
• 42:01
  embarrassing. What is going on?
• 42:03
  No accountability. Anyways, Nico rant is over.
• 42:06
  I just when I saw this guy's yesterday, I went on a tweet
• 42:09
  rampage. I haven't gone on one in forever
• 42:12
  and it was just it was just crazy to witness all this.
• 42:15
  Anyways, I do want to pass it on to Craig.
• 42:17
  Craig, what do? You he went, he went.
• 42:19
  He he, he, he rented. Unless he's got more to say.
• 42:21
  But. Yeah.
• 42:22
  Let's pass it on to Craig again, then we'll pass it on to Opti.
• 42:26
  Cool. I gotta.
• 42:27
  I feel like you gotta be a little careful here.
• 42:29
  I mean, I love beauty On. YouTube.
• 42:31
  You know we love YouTube. Yeah, we love.
• 42:33
  You. I know I'm.
• 42:33
  Platform. We want to stay there, so yeah.
• 42:36
  I know. Well, you know, YouTube's one
• 42:39
  that feels the the concern about being demonetized too.
• 42:43
  I think that like you know what's interesting to me is how
• 42:47
  people are coming to the conclusion that the SEC, it
• 42:52
  might not be a legitimate organization or at the very
• 42:55
  least doesn't actually protect consumers in the way that it
• 42:59
  claims to. So I think that you know, now
• 43:02
  we're expecting them to investigate themselves.
• 43:06
  Can we really believe that that's going to be the they're
• 43:10
  going to come to a conclusion that is fair And just now like
• 43:15
  also not only that, but we're seeing blame placed on other
• 43:18
  organizations, private organizations.
• 43:21
  X is one of them. And not only are they blaming X,
• 43:25
  but they are also trying to save themselves in the process by
• 43:29
  saying, oh, we are the sort of source of truth.
• 43:32
  We are the ones that you can count on for reliable correct
• 43:36
  true journalism and I think that we've seen that over the past
• 43:40
  few years it's been really put in our face for how that is not
• 43:45
  actually accurate. So I think you know we've seen
• 43:48
  how X or I should say Twitter rather and the government has
• 43:52
  colluded in the past and now we are seeing that the SEC is kind
• 43:58
  of asking Twitter and X to kind of have its have its back here
• 44:02
  and say hey look we were hacked. Can't you show the the public
• 44:05
  that we were hacked And to me, I'm not really buying it.
• 44:09
  That's that's just my take. I'm not really buying it. 100%
• 44:12
  I'm not really buying it either And again like, you know, I, I
• 44:15
  know a lot of people are not fans of Elon.
• 44:17
  I I've seen more truth from Elon than I've seen from, you know,
• 44:21
  not to name any names but, you know in the last couple years I,
• 44:25
  I, I and his opinion, I I truly believe that there's been a lot
• 44:29
  of I, I I don't think that there's been a little bit of
• 44:31
  dishonesty to be honest. You know, I, I, I clearly
• 44:35
  remember like when our officials were telling us that there was
• 44:38
  going to be no inflation and then.
• 44:40
  Right. You know, if you would have
• 44:41
  listened to that, you would have gotten absolutely wrecked.
• 44:43
  Right. So again, and it's not like I'm
• 44:46
  blaming anything, but it's like, look you're human being.
• 44:49
  You're going to get it wrong including the government but
• 44:51
  take responsibility own it a little bit you know like and and
• 44:55
  take and at least there needs to be consequences to this right.
• 45:00
  And he said he say listen this was this is whatever these are
• 45:02
  the measures that we're going to take.
• 45:03
  That's what all private companies do when there's a
• 45:06
  breach right. So why does the government have
• 45:08
  special privileges. And and I think that's really
• 45:11
  that's that's really the debate that you know that that has to
• 45:14
  be had. And the good news is about this
• 45:17
  though guys is that this is one of the things that Bitcoin
• 45:19
  fixes, you know, because if you separate money from state and
• 45:23
  the state doesn't have that money printer, their only way of
• 45:28
  raising funds is via direct taxation.
• 45:31
  And if you're lying to the public about things so
• 45:34
  inconsequential good luck, right.
• 45:38
  So like it's kind of like it it it aligns incentives in society
• 45:41
  and I think really what we're seeing that really in El
• 45:43
  Salvador first country that make to make Bitcoin legal tender but
• 45:48
  as long as governments have a Fiat money printer I don't think
• 45:51
  they truly care what the public thinks cuz they're good to go.
• 45:55
  They're set. They got their money coming in
• 45:58
  anyways. I do want to make an
• 46:01
  announcement also guys, this was the all time high for simply.
• 46:05
  I think we had 617 live viewers on YouTube alone.
• 46:10
  We have another we I think we hit 70 on Twitter and we have 70
• 46:15
  watching now on Rumble. So we love all you guys.
• 46:17
  Thank you so much for supporting the short show.
• 46:20
  A year ago Opti and I were happy with like 50 live viewers.
• 46:24
  So like holy cow, I don't know what to say.
• 46:27
  This is absolutely crazy. Dreams do come true.
• 46:30
  You just got to work really hard.
• 46:32
  I also do want to promote our audio platform in case you guys
• 46:36
  want to listen to us on the go and you know you for some reason
• 46:40
  you can't watch us on video. You can, you know, subscribe to
• 46:43
  us on Anchor, on Spotify, on Apple, on Fountain.
• 46:46
  You can stream with Sats on Fountain, so if you want to
• 46:49
  listen to the audio only version of simply Bitcoin, you can go to
• 46:54
  all those audio platforms and also if you're enjoying the
• 46:56
  show, make sure to smash that like button.
• 46:58
  Opti, I took the mic away from you from an excessive amount of
• 47:01
  time. No, I'm going to make, I'm going
• 47:02
  to make you full screen. No, you don't have to do it.
• 47:04
  Get on your. Soapbox and say opti the F out
• 47:07
  of it. First and foremost, this is
• 47:10
  apparently going on Twitter right now.
• 47:12
  Twitter team's going crazy. Bitcoin Archive just tweeted
• 47:16
  that apparently Bloomberg Terminal has listed all 11
• 47:19
  Bitcoin ETF as pending listening.
• 47:22
  So we still don't know exactly, but it looks like today might
• 47:27
  actually be the day. I guess we will cover this in
• 47:29
  full tomorrow and break it all down if it's officially
• 47:32
  happening. We still have what about 4-4
• 47:35
  hours or so until the time that they said it was going to drop
• 47:39
  anyways? Just going back to this whole
• 47:40
  debacle thing, as a social media manager myself, my first thought
• 47:45
  was like, oh, the intern like fat fingered it.
• 47:48
  He miss scheduled the date and they dropped it an hour, an hour
• 47:52
  before or a day before it was supposed to really happen.
• 47:55
  And then it was so funny last night when we were covering this
• 47:59
  because we were all, like, losing our brains.
• 48:01
  We're like, wait, did it get approved or not?
• 48:03
  We're all looking at the SEC website.
• 48:04
  And then 5 minutes later or whatever, 10 minutes later, Gary
• 48:08
  Gensler goes out and tweets like, Oh yeah, we got hacked.
• 48:10
  And what, 20 minutes later they got it back.
• 48:12
  And so that was the part to me that was the most interesting.
• 48:16
  It's just how quickly they got back their account.
• 48:18
  Usually when your account gets hacked, you don't get it back in
• 48:22
  what, 10 minutes like you. It's it's never like a literally
• 48:25
  done in 30 minutes. Like, it's very interesting how
• 48:28
  quick this did happen. So we were all speculating that
• 48:31
  like the intern, fat fingered or miss or miss, scheduled the
• 48:35
  tweet and then they're like, oops, sorry guys, it didn't
• 48:38
  really get approved yet. We got hacked and then I guess
• 48:42
  later in the day the Twitter team, the safety at safety
• 48:45
  account confirmed that it did indeed get hacked.
• 48:48
  SEC account tweeted that they got their account back and they
• 48:51
  did get hacked. But it is very interesting, the
• 48:53
  Bloomberg articles going out about, oh it was it was Twitter
• 48:56
  that got hacked and not there. The SEC Twitter account in
• 49:01
  particular, which I think is very interesting or rather maybe
• 49:03
  someone did like a you know like a real life kind of hack they
• 49:08
  they got some information that they weren't supposed to have.
• 49:10
  But anyways anyways, on on all of this, as Craig was saying
• 49:14
  earlier and we were saying before the show it it's just
• 49:17
  this is what we love about Bitcoin, you know the quote UN
• 49:20
  quote. The adults show up to Bitcoin
• 49:23
  and some crazy Bitcoin Twitter stuff happens and it's just like
• 49:27
  the funniest thing ever. Hence why I'm wearing a pseudo
• 49:29
  suit because we're journalists now.
• 49:30
  We got to grow up and journalists bro the the adults
• 49:33
  are here so we got to look good because no one's going to take
• 49:36
  us seriously if we're not wearing suits But man it's just
• 49:40
  it's just what what's so fun about Bitcoin and and Bitcoin
• 49:43
  Twitter in particular because me and Craig were even saying
• 49:46
  before the show like you know you you sometimes forget how fun
• 49:49
  Twitter is until days like this and things just pop off and
• 49:52
  you're just like Bitcoin just does the most pain and it's just
• 49:58
  so awesome. And then on the on the fact of
• 50:00
  like trading whether this was like inside trading or something
• 50:03
  you know the the whoever hacked this imagine if they put a short
• 50:07
  in on that little tweet And then because everyone's been saying
• 50:11
  it's a sell the news story and it literally did what everyone
• 50:14
  thought it was so on unlike the flip side considering that the
• 50:17
  Bitcoin price is kind of pumping right now.
• 50:19
  Well it did pump for a little bit and now it kind of had just
• 50:22
  had a a a correction check the one minute chart.
• 50:25
  These are the days where you like to watch the one minute
• 50:27
  chart. Don't trade it but just watch
• 50:28
  it. It's better than TV.
• 50:31
  It is very interesting to see and consider the possibility
• 50:35
  that, you know, whether they did this on purpose or not.
• 50:38
  But what happened is, you know, they cleared all the shorts so
• 50:41
  that now it's just like we can log it, we're we're going to the
• 50:44
  moon now. Like this is absolutely awesome
• 50:47
  and Bitcoin is. So it's the funniest thing ever.
• 50:50
  And the irony is not lost on me that, you know, the adults are
• 50:54
  here, you know, Wall Street here, the adults are here to
• 50:56
  mature the market. SEC.
• 50:57
  Gary Gens is here to protect consumers and this market
• 51:01
  manipulation from their account happens in real time.
• 51:03
  And and we were kind of speculating with friends that
• 51:06
  like it would be very poetic and also hilarious if Gary Genser
• 51:12
  came out later today and was like Oh yeah, this is the very
• 51:15
  reason why we're not going to approve a spot big one ETF
• 51:17
  because of market manipulation and and the market is so naive
• 51:21
  and. It's like.
• 51:23
  Dog you, you were the one that caused this and now you're
• 51:25
  delaying the ETF, but it seems like it's almost it's almost set
• 51:29
  in stone so we'll see what happens later.
• 51:30
  But but anyways, I I could probably rant for a while.
• 51:33
  Let's let's get into the culture Nico so, so we can talk with.
• 51:35
  Craig, 100%. But before we do that, I do want
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• 52:52
  Let's go, guys. All right.
• 52:53
  Well, you guys know what we do here on the culture.
• 52:55
  We feature our guests talk about what they're working on.
• 52:58
  And Craig, you are programming for the Bitcoin conference.
• 53:04
  So you guys have a big year. As I'm over here on the website
• 53:07
  B dot TC slash conference, it looks like you guys are throwing
• 53:10
  three huge conferences. So you can pick whatever lane
• 53:14
  you want to talk about, Whatever conference you want to talk
• 53:16
  about. What are you most excited for
• 53:17
  this year? Well, first I want to say just
• 53:21
  in response to your rant, if if this is what it looks like when
• 53:24
  the adults are in charge, then maybe, maybe it's time for the
• 53:27
  kids to take back the keys. So.
• 53:31
  So yeah, I am. I work at Bitcoin Magazine.
• 53:34
  I work in the programming on the programming team with an awesome
• 53:37
  group of people, and we do have three events on the calendar for
• 53:42
  this year coming up. First we have Bitcoin Asia
• 53:46
  that's going to be in Hong Kong. The dates are coming up soon.
• 53:51
  We will announce them as soon as possible, but we're just ironing
• 53:54
  out some final details. I'm really looking forward to
• 53:56
  that one. I haven't been to Asia before.
• 53:59
  Hong Kong is going to be awesome, so really looking
• 54:01
  forward to that. But I have to say I'm most
• 54:06
  excited about Bitcoin 2024 in Nashville.
• 54:09
  It is going to be our best event yet.
• 54:12
  We're bringing it back home, back to where?
• 54:14
  Our headquarters are and where the company began in Nashville
• 54:19
  and it's the Music City Center where the conference is, is like
• 54:22
  right on Broadway, it's right in the center of town.
• 54:26
  It's a really incredible venue and we are going to do it up big
• 54:30
  there. So I'm I'm really looking
• 54:32
  forward to it. One of the things that we do at
• 54:35
  the AT on the programming team is we try to find a place for
• 54:41
  every type of bitcoiner. So not only the hardcore
• 54:46
  maximalist who hold their own keys are fully self sovereign.
• 54:50
  But at this event we are also trying to open the door and be a
• 54:54
  little bit more welcoming to like the enterprise, the
• 54:56
  institutions, the adults of of Bitcoin who are just now kind of
• 55:01
  finding their way into Bitcoin. And so we have a lot of great
• 55:05
  enterprise speakers, people from the ETF companies.
• 55:11
  I do not know if Udi and Eric are going to floss on stage
• 55:15
  again. We'll see.
• 55:16
  Chad Savage, I told you. The.
• 55:19
  Chad Savage, I'm fine with it, man.
• 55:21
  You know, I I when in negotiating with them, I said
• 55:24
  they have to improve their dance moves if they want to come back
• 55:27
  on stage. Like it's got to be you know,
• 55:29
  the floss is elementary so they got at least do like a salsa or
• 55:33
  something. So yeah.
• 55:35
  So you know another thing that we have at the conference is our
• 55:38
  is our open source ticket program.
• 55:40
  Open source developers can apply and get a free ticket to the
• 55:45
  event. We have a phenomenal open source
• 55:48
  stage which is where most of the laser eyed Maxis like to hang
• 55:52
  out, myself included, when I'm not working, which is the whole
• 55:56
  event. But you know I tried to, you
• 55:57
  know place myself there so I get to hang out.
• 56:00
  That's where we see the best technical talks and to me that's
• 56:06
  the most interesting place to hang out.
• 56:08
  But that being said, we also have our mainstage where we have
• 56:12
  a little bit of a dual main mandate.
• 56:14
  We get, you know, big name people to talk to our largest
• 56:19
  area, our largest audience, and not only big name bitcoiners,
• 56:24
  but people who are like on the cusp of becoming a hardcore
• 56:27
  bitcoiner. And so we know we kind of suss
• 56:30
  out those people, figure out who's like this close to taking
• 56:33
  the orange pill and we make sure that they come to our event and
• 56:37
  we hopefully we can be that final step for them to to truly
• 56:43
  accept Bitcoin and understand Bitcoin and just see what's
• 56:45
  going on because the energy of the event is contagious.
• 56:48
  It's infectious. It makes you want to learn more.
• 56:51
  You can and have a different experience of what Bitcoin is.
• 56:56
  If you are just scrolling Bitcoin, Twitter, Bitcoin might
• 56:59
  seem like one thing. But when you go in person to a
• 57:02
  Bitcoin event, to a Bitcoin conference, and especially a
• 57:04
  huge Bitcoin conference like ours, you really see that
• 57:08
  there's something here, there's something going on here and
• 57:11
  there's a lot of hope and inspiration and it's a movement.
• 57:14
  And so that's you know one of the things we we really try to
• 57:17
  bring to as many people as possible.
• 57:20
  Obviously, we have a big mining and energy component as well.
• 57:23
  100% And I I I just got to say like I I have so many fond
• 57:27
  memories at you know the Bitcoin conferences.
• 57:31
  I think the first one I spoke at was Bitcoin 2021.
• 57:34
  I had the honor to of course you know who he is Greg.
• 57:37
  I had the honor to be on stage with Nick.
• 57:39
  Can't mine, you know who's, who's absolute.
• 57:42
  Baller the go got the algos, he got the.
• 57:45
  The algos and you know that was the year of, you know that was
• 57:51
  the year of that was the year of name Buchelli making his
• 57:54
  announcement. I think the thing that I said on
• 57:57
  stage was like quoted in the Financial Times Eric Voorhees
• 58:00
  got pissed off with what I said, you know, and it's so many fond
• 58:05
  memories. A mean panel, mean panel that
• 58:07
  was on I remember the Volcano with the news desk, the Michael
• 58:11
  Saylor announcements, the Jack Mahler announcements.
• 58:14
  I got to meet Tulsi Gabbard in the In the Deep, the Backstage
• 58:20
  with the, you know the the VIP lounge in the Backstage and that
• 58:23
  was awesome by the way. Guys, if you if you guys
• 58:26
  definitely go to the Bitcoin conference, you can use promo
• 58:28
  code simply gives you 10% off your tickets.
• 58:32
  But but yeah, I've had so many fond memories and here's the
• 58:35
  thing I'm from Miami. So I've I've, I've, you know, it
• 58:39
  was so crazy to see the conference at the Miami Beach
• 58:44
  Convention Center because that was like literally like 5-10
• 58:47
  minutes away from where I grew up.
• 58:49
  You know. And it was to see that so many
• 58:51
  Bitcoiners in Miami and to to, you know, to celebrate Bitcoin
• 58:55
  and to network and to see these amazing speakers on stage.
• 58:59
  The fact that you guys got RFK Junior last year, the fact that
• 59:04
  you guys got Tulsi Gabbard, clearly, like the Bitcoin
• 59:08
  conference is breaking the Bitcoin echo chamber in my eyes.
• 59:13
  It's really getting people from outside the sphere.
• 59:16
  I know that you guys got Vivec as well, right?
• 59:18
  You guys are getting people from without outside of the Bitcoin
• 59:22
  sphere and you're getting them in there and they're realizing
• 59:26
  wow, Bitcoin truly fixes a lot of these problems.
• 59:29
  What RFK Junior said on stage, I would protect your right to self
• 59:32
  custody. Like Bitcoin is getting into the
• 59:35
  political discussion. Like this is a crazy crazy time
• 59:38
  to be alive. So what what are you the most
• 59:40
  excited about? You know you guys are going back
• 59:43
  to where the Bitcoin headquarters are you know are
• 59:46
  at. I I had the privilege to be able
• 59:48
  to see this the suite and the and the stadium.
• 59:51
  I got to visit Bitcoin magazine headquarters.
• 59:55
  CK was kind enough to give me a tour.
• 59:58
  I think I did a podcast actually.
• 59:59
  I did a simply Bitcoin episode from the offices in Nashville
• 1:00:04
  and absolutely love the crew and the Bitcoin magazine team.
• 1:00:08
  So you guys are going back home, you guys are going to the roots,
• 1:00:11
  right? So I feel like you guys, you
• 1:00:13
  guys know some stuff. If you guys are throwing a party
• 1:00:15
  at home, you know you guys know what the deal is.
• 1:00:18
  So anything that that you guys are looking forward to?
• 1:00:22
  Yeah, I mean I'm, I'm partial, I'm not based in Nashville, but
• 1:00:28
  I think Nashville is that I think it's the Bitcoin capital
• 1:00:33
  of the United States. You know, I know there's a a
• 1:00:35
  little bit of a debate around that.
• 1:00:37
  I think that one thing about Miami that was a little bit
• 1:00:40
  challenging is Miami is very crypto agnostic.
• 1:00:43
  I would say there was a lot of crypto both you know at the
• 1:00:48
  event from people you know who just buy tickets and like are
• 1:00:52
  shilling their their coin and they to me that's like not what
• 1:00:59
  this is about and it to the program team that's not what
• 1:01:02
  this conference is about. And I think Nashville is kind of
• 1:01:04
  a clean slate. It's a a place that is
• 1:01:07
  Tennessee's very freedom minded and I think Bitcoin will fit
• 1:01:11
  right in with the culture of Nashville and I think that you
• 1:01:14
  know that's just one of the things that I'm excited about is
• 1:01:17
  like orange peeling this whole city.
• 1:01:20
  Another thing I'm excited about is Bitcoin Park is in Nashville.
• 1:01:24
  We are you know hopefully figuring out ways that we can
• 1:01:26
  collaborate. Bitcoin Park, if you haven't
• 1:01:28
  been there is one of the is the coolest Bitcoin center.
• 1:01:32
  It's a bit it's a Bitcoin 3rd place that you can go and they
• 1:01:36
  host a meet up there, they host a meet up for meet up organizers
• 1:01:40
  there. I run the Asheville Bitcoin meet
• 1:01:43
  up and so I got to go to Bitcoin Park.
• 1:01:46
  I was going there monthly until my wife was like whoa, slow
• 1:01:49
  down, stay at home, don't be traveling to Nashville so much.
• 1:01:53
  But Bitcoin Park is a is a really incredible spot.
• 1:01:56
  So I'm really excited to be just in the home base right across
• 1:02:01
  from Broadway where all the live music is, where all the bars
• 1:02:03
  are. I think it's going to be a
• 1:02:04
  blast. 100. Percent, yeah.
• 1:02:06
  And and wait before we go, Nico, or or I don't mean to cut you
• 1:02:09
  off if you wanna chime in. Yeah, I I was just gonna ask
• 1:02:12
  Craig a question. Yeah so just just before you do
• 1:02:14
  that I do wanna mention Bitcoin Park Rod Matt that I was I was
• 1:02:19
  there I was I was fortunate enough to do a citadel dispatch.
• 1:02:25
  The first one in Matt's studio at Bitcoin Park did a couple
• 1:02:30
  simply Bitcoin episodes in the in the the building to if you're
• 1:02:34
  facing the buildings, the buildings to the right,
• 1:02:35
  upstairs, it's so cool it's all wired.
• 1:02:38
  It's all wired because it they they essentially they bought it
• 1:02:41
  from. I forgot what the name of the
• 1:02:43
  band is but the band broke up and the these two houses are
• 1:02:47
  fitted for music production right, Which is absolutely
• 1:02:51
  bonkers and you know they throw these amazing events there.
• 1:02:55
  I highly recommend it. If you guys haven't made the
• 1:02:57
  pilgrimage to Bitcoin Park and also the Bitcoin man, you guys
• 1:03:01
  have a storefront too, which is pretty bad ass.
• 1:03:04
  Yeah, the gallery storefront. That's awesome.
• 1:03:07
  So make the pilgrimage. Great job.
• 1:03:09
  Tommy's amazing. Make the pilgrimage to
• 1:03:11
  Nashville. It's amazing.
• 1:03:13
  Shut up, Tommy. Yeah, Tommy's the man.
• 1:03:16
  The Bitcoin conference is gonna be absolutely bonkers this year.
• 1:03:19
  We are. Beyond the last thing.
• 1:03:21
  Go hit it. One last thing, we Our event is
• 1:03:24
  right in between the Republican National Convention and the
• 1:03:28
  Democratic National Convention. And so we are gonna be the place
• 1:03:32
  for people that don't feel they're like they are not
• 1:03:37
  supported or represented by the two party system.
• 1:03:41
  And so we are going to be the place for those kinds of
• 1:03:44
  discussions for you know an Orange party, a Bitcoin centric
• 1:03:48
  place for people and speakers and politicians and things like
• 1:03:51
  that. So that is another thing I think
• 1:03:52
  is going to be awesome. I.
• 1:03:53
  I love that. I love the fact that you
• 1:03:55
  mentioned that because on on the show, many times on Simply
• 1:03:58
  Bitcoin, we talk about it. It's not left versus right.
• 1:04:01
  It's not re red versus blue. It is really the party of
• 1:04:04
  orange. The party of Bitcoin.
• 1:04:06
  Peace, prosperity, opportunity versus the party of central bank
• 1:04:10
  digital currencies, Fiat war, nihilism, slavery, poverty,
• 1:04:15
  right. That's really the two options.
• 1:04:17
  It's not Republican versus Democrat.
• 1:04:18
  People got to wake up to that. So I'm really, really glad you
• 1:04:21
  guys are are really pushing that forward.
• 1:04:23
  Guys I do have a promo code for you guys use promo code simply
• 1:04:26
  gets 10% off the Bitcoin conference.
• 1:04:29
  Bitcoin 2024 I also have breaking news.
• 1:04:33
  Wait, wait, wait. Before we go to this, before we
• 1:04:34
  go to this, let's give Craig, I want to ask you a question and
• 1:04:37
  for the audience that doesn't know, considering you are
• 1:04:40
  programming for the Bitcoin conference in Nashville, can
• 1:04:44
  people with businesses or can they reach out to you?
• 1:04:48
  Are you still looking for volunteers?
• 1:04:49
  I'm sure we're still early in this process, so I'd like to
• 1:04:53
  give an opportunity for people out there to understand if they
• 1:04:55
  can get involved. Awesome, yeah.
• 1:04:57
  If you want to get involved, go to the website B dot TC slash
• 1:05:01
  conference. We have a contact forum for all
• 1:05:03
  of those different things. Sponsoring, volunteering.
• 1:05:07
  If you have general inquiries, there's a form there.
• 1:05:10
  You can reach out through that and our team will get back to
• 1:05:12
  you. Love it, bro.
• 1:05:13
  Well, thank you for coming on. Get it, Nico?
• 1:05:16
  Yeah, 100% Craig. It's been great.
• 1:05:19
  Love love the crew of Bitcoin Mag.
• 1:05:21
  I'll pull up the the, the URL. Once again go to BTC slash
• 1:05:25
  conference and you can find all that information there and I
• 1:05:30
  can't wait to see what you guys have planned for the conference.
• 1:05:34
  The year of the having and again such a strong political
• 1:05:37
  statement saying hey guys you have an you have an alternative
• 1:05:41
  you have a better alternative. Anyways I do want to make an
• 1:05:45
  announcement this is breaking news.
• 1:05:48
  This has been confirmed right after the Twitter team confirm
• 1:05:51
  this. Yes Sir.
• 1:05:52
  OK so it has been confirmed ARC 21 shares Bitcoin ETF approved
• 1:05:58
  to be listed on the CBOE exchange.
• 1:06:01
  So apparently there has been approval by the SEC of the first
• 1:06:07
  Bitcoin Spot Bitcoin ETF. I can't believe this.
• 1:06:11
  Live, live, live on there, live on air.
• 1:06:14
  I'm sure we'll hear more news as it rolls out, but what a crazy
• 1:06:19
  day. And also very, very fitting
• 1:06:22
  because this is the day in 2009 that Hal Finney said running
• 1:06:27
  Bitcoin January 10th. And this was the day that the
• 1:06:30
  Spot Bitcoin ETF was approved. Sometimes guys, I don't believe
• 1:06:35
  I I. Gary Ganzer's A Maxi confirmed.
• 1:06:37
  Sometimes, yeah, Maxi confirmed. And you know, the universe has
• 1:06:42
  ways of of doing things. And this is this is crazy.
• 1:06:46
  What a time to be alive. Bitcoins growing up.
• 1:06:48
  And for all you guys in the crowd, you friend ran Wall
• 1:06:52
  Street. Congratulations.
• 1:06:54
  All right, everybody. So thank you guys so much for
• 1:06:56
  tuning into the show. I do want to give a huge shout
• 1:06:59
  out to our guest, Craig. You can follow him at Bitcoin
• 1:07:04
  under score fan. I love that the way that he
• 1:07:07
  split Phi like that Bitcoin fan. So Craig, thank you so much for
• 1:07:12
  coming on the show. Really, really enjoyed.
• 1:07:14
  Enjoyed our conversation, coming in hot with the rants,
• 1:07:18
  Absolutely love that and can't wait to, you know, see you guys
• 1:07:22
  in Nashville as well. Yeah.
• 1:07:23
  Thanks for having me. Appreciate it, man.
• 1:07:25
  All right, guys, that was our show.
• 1:07:27
  If you enjoyed the show, you know what to do.
• 1:07:28
  Smash that like button. Consider subscribing if you feel
• 1:07:31
  like we provided you value. But the number one thing you
• 1:07:33
  could do to help push the peaceful Bitcoin revolution is
• 1:07:36
  share Bitcoin culture. Share Bitcoin content, Share
• 1:07:40
  Bitcoin art. Share Bitcoin music.
• 1:07:43
  You know, I think it was Andrew Breitbart that said that, you
• 1:07:47
  know, politics are downstream from culture.
• 1:07:49
  So you want to win over the culture.
• 1:07:50
  That's the way that you do it, you know?
• 1:07:52
  And our friends over at Bitcoin Mag are doing a great job doing
• 1:07:55
  that, throwing these amazing conferences worldwide, I might
• 1:07:58
  add. All right, guys, that was our
• 1:08:00
  show. It's gonna be, it's gonna be a
• 1:08:02
  crazy day. More live streams, I'm sure from
• 1:08:04
  other Bitcoin content creators covering this subject.
• 1:08:07
  So buckle up. And we love you guys.
• 1:08:10
  This is a very special stream for us all time high ETF
• 1:08:14
  approval and you know of course the legendary Hal Finney.
• 1:08:18
  So we love you all. Thank you guys so much for
• 1:08:19
  tuning in. We'll see you tomorrow for brand
• 1:08:21
  new episode of Simply Bitcoin Live.