Latest / Simply Bitcoin / Superpowers QUIETLY FLIPPING BULLISH on Bitcoin! | EP 1278

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Superpowers QUIETLY FLIPPING BULLISH on Bitcoin! | EP 1278 · Simply Bitcoin

• 0:00
  The two largest superpowers in the world just quietly made
• 0:04
  Bitcoin plays in the last week. We've got a publicly traded
• 0:08
  company in China raising over half a billion to buy Bitcoin,
• 0:11
  and the first mainland Chinese broker got approved to launch
• 0:16
  Bitcoin trading. And then we got even more
• 0:19
  interesting developments coming out of Russia.
• 0:22
  But before we get to all that, we need to discuss what Donald
• 0:26
  Trump just said about Bitcoin and the US dollar.
• 0:30
  Watch a clip. Bills passed in the next few
• 0:32
  months. Well, it's a very funny thing,
• 0:34
  crypto. So I became a fan of crypto and
• 0:37
  to me it's an industry. I view it as an industry and I'm
• 0:39
  president. And if we didn't have a China
• 0:41
  would or somebody else would, but most likely China, China
• 0:44
  would love to. And we've dominated that
• 0:46
  industry. It's a big industry by the way.
• 0:48
  In fact, when the stock market went down recently, crypto and
• 0:51
  Bitcoin and all of that went down much less than anybody else
• 0:54
  as a group. And we've created a very
• 0:57
  powerful industry and that's much more important than
• 1:00
  anything that we invest in. We we invest in it.
• 1:03
  But really that was an industry that wasn't doing particularly
• 1:06
  well. I got involved with it a couple
• 1:07
  of years ago and before this toll, before the second term, I
• 1:12
  got involved before I decided to run.
• 1:15
  I only decided to run because I saw what was happening and Biden
• 1:18
  was incompetent and the administration was crooked and
• 1:21
  incompetent and I was in Bitcoin then not not knowing if I was
• 1:25
  going to do it a third time. So it's become amazing.
• 1:30
  I mean, it's the jobs that are producers.
• 1:33
  And I noticed more and more you're paying Bitcoin.
• 1:35
  I mean, people are saying it takes a lot of pressure off the
• 1:38
  dollar and it's a great thing for our country.
• 1:41
  So I, I don't care about investing.
• 1:43
  You know, I have my, my, I have kids and they invest in
• 1:46
  different things. They do believe in it, but I'm
• 1:49
  president and what I did do there is build an industry
• 1:52
  that's very important. And you know, if we didn't have
• 1:54
  a China would OK. All right, interesting stuff
• 1:59
  there. First of all, obviously the
• 2:01
  first thing, he said. If if the US doesn't do it,
• 2:04
  China is going to do it. And we have some news to cover
• 2:07
  that. But I do want to touch on one
• 2:09
  thing he did said in there, Luke, that I found very
• 2:12
  interesting. What did Trump mean when he
• 2:15
  said, hey, if you use Bitcoin, it takes pressure off the
• 2:18
  dollar? Obviously it sounds like a good
• 2:21
  thing from his perspective. This is him essentially saying,
• 2:24
  you know, hey, use Bitcoin, you know, less pressure on the
• 2:28
  dollar. But I don't know if it's if he's
• 2:32
  saying exactly what he thinks he's saying, it's probably not a
• 2:39
  good thing as he was stating that.
• 2:41
  So I don't know, Luke, your thoughts on this first.
• 2:43
  And then I do have some tweets on just that point itself.
• 2:46
  But I want to get your thoughts before we move on.
• 2:48
  And then I'm going to cover the China and Russia news.
• 2:50
  Yeah, I'm excited to get to the China and the Russian news
• 2:53
  because that is very, very interesting.
• 2:56
  But I think maybe what Donald Trump is saying when he's
• 2:59
  referring to Bitcoin taking pressure off the dollar is maybe
• 3:03
  because the US dollar and U.S. Treasuries have been the world
• 3:07
  savings vehicle for the past 50 years since we entered this
• 3:11
  petrodollar agreement in 1973 ish.
• 3:15
  Global governments largely accumulated U.S.
• 3:19
  Treasuries and put them in their reserves between 1973 and 2008.
• 3:25
  And obviously the 2008 GFC kind of changed that and central
• 3:30
  banks all of a sudden began accumulating gold.
• 3:32
  So I don't know if I'm kind of reading between the lines here.
• 3:35
  I'm probably guessing and speculating that Trump is
• 3:38
  referring to U.S. dollars and U.S.
• 3:41
  Treasuries being the savings vehicle of the world.
• 3:44
  Maybe Trump saying look Bitcoin can be the new savings vehicle
• 3:49
  and the US dollar can remain being the medium of exchange and
• 3:54
  the unit of account. Well what do you think of?
• 3:56
  Is that a bit far fetched or? Yeah, that I think that's the
• 4:01
  Bitcoin take, obviously. I think you hit the nail on the
• 4:04
  head in that first part about Treasuries, especially when you
• 4:07
  consider all the stable coin regulations that seemingly going
• 4:10
  to get pushed through. We all know stablecoins are the
• 4:13
  biggest backers of Treasury, or rather sorry, the biggest buyers
• 4:16
  of Treasury right now. And so part of that, I think, is
• 4:20
  the idea that you said to store value, you know, of using
• 4:22
  Bitcoin as an alternative means to store your value instead of,
• 4:27
  of course, you know, treasuries. But that's not necessarily what
• 4:31
  they are publicly stating. But as we've kind of been
• 4:34
  looking through the tea leaves and trying to read the writing
• 4:36
  on the wall here, it does look like Trump says one thing and
• 4:40
  then he really means another thing.
• 4:42
  One of the things the public administration has been saying
• 4:44
  for a long time is that they want a really strong dollar.
• 4:47
  But if you kind of read into that prediction or rather that
• 4:50
  saying a little bit, it's starting to sound like he is is
• 4:54
  projecting that he wants a weaker dollar, which is, of
• 4:57
  course, what he's been doing or what rather what he's been known
• 5:00
  to do in the past. Obviously, he's been putting a
• 5:02
  lot of pressure on Jerome Powell of cutting interest rates.
• 5:06
  If they can weaken the dollar and purchasing power against
• 5:08
  other currencies, get lower interest rate than, you know,
• 5:12
  Trump's favorite thing to do, which is free money, get
• 5:15
  investment driving. Again, maybe that's kind of what
• 5:18
  he's talking about. But from a Bitcoinage
• 5:20
  perspective, it sounds like it's like one of those things like
• 5:23
  you're saying it. I don't know if you know what
• 5:25
  you're saying, and it's probably not what you wish it to be kind
• 5:29
  of things. It's in those scenarios.
• 5:30
  So that's kind of my take away. And a lot of bitcoiners, we're
• 5:32
  talking about this idea of like, yeah, maybe Trump.
• 5:35
  This is not taking pressure off the dollar in the way that you
• 5:39
  think it is. It's probably not a good thing,
• 5:41
  as we all talk about here, as Bitcoiners, like Bitcoin's going
• 5:44
  to eat up all of the world's wealth.
• 5:46
  The final boss is obviously the dollar itself, the US dollar, of
• 5:49
  course. And maybe these are projections.
• 5:53
  And it really kind of makes me think of our boy Mark Goodwin's
• 5:56
  Bitcoin dollar thesis. It does seem to be playing out
• 5:59
  in real time. Anyways, let's get into the
• 6:01
  China news because that's why you're here.
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  This is the big news here. But I did find it very
• 6:05
  interesting that the very same week Trump is talking about
• 6:09
  China. If we don't do it, China's going
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  to do it. We have some big news coming out
• 6:13
  of the two, you know, rival superpowers here.
• 6:16
  Now this first headline. It might you might you might be
• 6:20
  like all right, guys, you're you're fake newsing me again.
• 6:22
  You're click baiting me again. But no, this is actually a huge
• 6:26
  news story. Of course, historically, you
• 6:28
  know, China's has been infamous for banning Bitcoin.
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  They banned it I don't even know how many times at this point.
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  They were basically the cause of the last bull run to end in
• 6:37
  2021. And now we've slowly been seeing
• 6:41
  them move, you know, using using Hong Kong as a proxy, moving
• 6:45
  towards and back into Bitcoin, especially ever since Trump came
• 6:49
  out and became pro Bitcoin or the first Bitcoin president of
• 6:52
  the United States. So let's get this article
• 6:54
  headline and then we have a. Bunch of other stuff to talk
• 6:56
  about. This one's going to be jam
• 6:57
  packed for you guys, so I'm over here on the block.
• 6:59
  And it goes Chinese brokerage and forgive me, I think it's Guo
• 7:02
  Tai Junan, forgive me, forgive me.
• 7:07
  Guo Tai Hunan Junan stock surges nearly 200% after Hong Kong
• 7:11
  crypto trading license approval. And this dropped on Friday.
• 7:15
  But you know, we're getting to it now 'cause we have a lot, a
• 7:17
  lot of receipts here just kind of showing you the nation state
• 7:20
  FOMO going on right now. So Guo Tai Hunan International,
• 7:24
  a Hong Kong listed Chinese brokerage firm, has seen its
• 7:26
  share surge nearly 200% in the past two days after the company
• 7:30
  obtained the regulatory approval to offer cryptocurrency trading
• 7:33
  services in Hong Kong. And I'm sure you're asking
• 7:35
  yourself like, OK, Opti, they're they're, you know, Hong Kong,
• 7:38
  the list of Chinese brokerage, like I thought we're talking
• 7:40
  about mainland China. Just hold on.
• 7:43
  The securities firm announced on Wednesday that the Securities
• 7:45
  and Futures Commission has upgraded its existing Type 1
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  license intended for securities dealings to enable its clients
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  to trade cryptocurrency on its platform supported by an SFC
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  licensed crypto platform. And then here's where it gets
• 8:00
  interesting. Gutai Hunan is a major brokerage
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  that became the first Chinese securities firm to be listed in
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  Hong Kong through an IPO in 2010.
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  And the company is known for its Chinese state backing, with
• 8:12
  Shanghai State Owned Enterprise Vehicle acting as a controlling
• 8:16
  shareholder of its parent company Gutai Hai Tong Group,
• 8:20
  according to data from enterprise Porter Quichata.
• 8:25
  Forgive me. So again, as we've kind of been
• 8:29
  talking about, we've been kind of going down this rabbit hole
• 8:31
  throughout the time here on the show that is China using Hong
• 8:35
  Kong as a proxy to kind of dip their toes in Bitcoin, maybe use
• 8:39
  them as an experiment. Now it's coming out that
• 8:42
  mainland China is actually trying to list some Bitcoin
• 8:47
  trading in Hong Kong. And of course, you know, this is
• 8:50
  more of a rumor and but this is kind of the unofficial policy.
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  Anything that happens out of China is obviously being backed
• 8:57
  by the government, by Xi Jinping himself.
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  And as you can see in this writing, in this article itself,
• 9:02
  it clearly states the company is known for its Chinese state
• 9:05
  backing with Shanghai's state owned enterprise vehicle acting
• 9:09
  as the controlling shareholder. For those that aren't, you know,
• 9:11
  too financially savvy as a controlling shareholder, usually
• 9:16
  you need your approval to get this stuff going through.
• 9:19
  So that's the first bit. But Luke, let's chat about this.
• 9:22
  I know you talked about this over the weekend.
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  Huge story and of course more credence to the idea that ever
• 9:30
  since Trump came out has been pressuring China saying we're
• 9:33
  going to go full Bitcoin. You're starting to see the
• 9:36
  nation state ripples. Everyone is starting to take
• 9:39
  Bitcoin very seriously, and now we have some concrete evidence
• 9:42
  that China, the state itself, is looking at Bitcoin exposure,
• 9:47
  obviously using Hong Kong as a. Proxy, so we covered this a
• 9:50
  while. Ago and it.
• 9:51
  Seems like we were right about it.
• 9:53
  You know, as much as you guys say we speculate on the show all
• 9:56
  the time, once you got some good first principles, things become
• 9:59
  a lot clearer. So Luke, let's chat on this real
• 10:01
  quick and then I'll I'll RIP through the other news stories
• 10:03
  because I think this might be the biggest news story here.
• 10:06
  But we have some more evidence that it's not just one bank.
• 10:09
  This is not just one domino falling, it's a lot of dominoes
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  falling. Yeah, I'll try not to ruin the
• 10:16
  Christmas present, so to say, and give away too much of what
• 10:19
  we're about to talk about. But again, this is huge.
• 10:22
  Hong Kong launch Bitcoin spot ETFs in early 2024.
• 10:25
  Again, in 2023 and 2024, we saw some strange signals showing
• 10:31
  that maybe China was quietly backflipping on Bitcoin behind
• 10:36
  closed doors. Again, Hong Kong came out and
• 10:39
  they said, hey, we want to be the global hub for crypto again.
• 10:43
  They did use that dirty word crypto, but that's what they
• 10:45
  said in late 2023. And then there were reports
• 10:48
  showing that Beijing insiders were at a lot of these high
• 10:54
  level Bitcoin meetups in Hong Kong, and they were supposedly
• 10:59
  giving Hong Kong they're blessing.
• 11:02
  There was a famous article on the Wall Street Journal, I
• 11:05
  believe, that read something along the lines of Beijing gives
• 11:09
  Hong Kong its blessing to become the global crypto hub.
• 11:13
  So that was kind of a big signpost suggesting that China
• 11:17
  was shifting. OK.
• 11:18
  And then we saw Chinese courts in 2023 and 2024 come out and
• 11:23
  say, yeah, you know what? Bitcoin, despite it being
• 11:26
  banned, it's actually property in China.
• 11:29
  So they started regarding Bitcoin as property.
• 11:31
  We saw the Hong Kong ETF launch in what was that early 2024 just
• 11:36
  after Black Rocks ETF's launched in America.
• 11:38
  And now we're seeing more and more favorable and very
• 11:42
  interesting signposts come out of China.
• 11:45
  Again, today, they're still the world's second largest Bitcoin
• 11:49
  miner. I think they contribute
• 11:50
  something like 21% of the global Bitcoin hash rate.
• 11:54
  This is huge. Like, again, let's not forget,
• 11:57
  Bitcoin is supposed to be banned in China right now, but they've
• 12:00
  got 21% of the global Bitcoin hash rate.
• 12:02
  That's another little signpost. And now we have this news.
• 12:07
  And I think combining this with what we're about to cover Opti,
• 12:10
  I think we're now starting to build a little bit of a case
• 12:13
  that China has nearly fully backflipped on Bitcoin.
• 12:17
  Yeah, 100. Percent, I think, I think it's
• 12:19
  becoming very clear and going further on this again, a couple
• 12:23
  days later, this was yesterday, I believe we have broker
• 12:26
  Timefang unit applies for a Hong Kong crypto license.
• 12:29
  So another Hong Kong virtual asset link service is trying to
• 12:34
  get, you know, approval for crypto license.
• 12:36
  So it's becoming a popular trend now that it's not just one bank,
• 12:41
  it's not just one firm that wants to get Bitcoin exposure or
• 12:45
  sell and buy Bitcoin or issue ETFs.
• 12:48
  This is becoming a watershed moment going further.
• 12:51
  Oh, it, it reloaded on me. This company also saw their
• 12:55
  stock surge 330% after obtaining the license.
• 12:58
  So you know, as much as the Bitcoin treasury companies or
• 13:02
  Bitcoin exposure companies are getting a lot of Flack on
• 13:05
  Twitter lately, it's obviously doing a lot for their stock.
• 13:08
  And it's, it's, this is one of the incentives.
• 13:10
  It's like, hey, you announce you're a bitcoiner or rather
• 13:13
  getting Bitcoin exposure, you're probably going to get some good
• 13:16
  Fiat returns now moving forward. We do have, and this is the
• 13:20
  other stuff, DDC, an enterprise out of China raised $528
• 13:25
  million, half a billion dollars to buy Bitcoin in a corporate
• 13:28
  treasury strategy. Again, as we've been saying on
• 13:32
  the shelf for a while, a lot of this stuff doesn't get done by
• 13:35
  the without the approval of, you know, the, the head guy in
• 13:39
  charge over there. Geez.
• 13:40
  So if we're seeing the interest into Bitcoin via these Bitcoin
• 13:45
  treasury stocks, via the institutions, you can just, you
• 13:49
  can bet very clearly that there is a lot of interest from the
• 13:52
  people themselves and obviously the institutions there for
• 13:56
  Bitcoin. Now this wasn't just in China,
• 13:58
  which is actually, I think the more interesting aspect of this.
• 14:02
  Again, we've been kind of framing this in this idea that
• 14:06
  ever since Trump came out being pro Bitcoin, he's made waves
• 14:10
  there and everyone has to take notice.
• 14:12
  The ripples are starting to figure their way out into
• 14:15
  society, into the culture and every, the country, every head
• 14:19
  of institution, every head of financial institutions is
• 14:23
  starting to take notice. As we played for you the other
• 14:26
  day, you know, we have billionaires talking about they
• 14:28
  can't sleep at night because they aren't buying Bitcoin.
• 14:31
  Well, you can guess or at least make a educated guess here that
• 14:36
  the people in power on the nation state level, the
• 14:39
  politicians are also feeling the FOMO, feeling the fact that hey,
• 14:43
  maybe I missed out. Maybe I need to reevaluate and
• 14:45
  open my mind a little bit on this Bitcoin thing.
• 14:48
  And to tie this all up, coming out of Russia, we have literally
• 14:53
  the first and second largest banks from Russia talking about
• 14:57
  Bitcoin like products. So first one is Spur Bank,
• 15:00
  Russia's biggest bank launches structured bond tied to Bitcoin.
• 15:04
  Spur Bank, again, the largest bank in Russia has launched a
• 15:07
  new structured bond that ties investor returns to the
• 15:10
  performance of Bitcoin and the US dollar to ruble exchange
• 15:13
  rate. This new financial product
• 15:14
  represents one of the first moves by a major Russian
• 15:17
  institution to offer Bitcoin linked investments under
• 15:20
  recently updated national regulations.
• 15:23
  The structured bond is initially available over the counter to a
• 15:26
  limited group of qualified investors.
• 15:28
  Again, something we've been talking about for a while.
• 15:30
  When you hear news coming out of Russia or even some of these
• 15:33
  bigger nation state institutions or even big firms, you know,
• 15:36
  Wells, not Wells Fargo, I forget what the bank is.
• 15:39
  Some of the more bigger banks in the US, they usually offer it to
• 15:43
  just the rich in high net worth individuals.
• 15:46
  People with more of a risk tolerance have have a lot of
• 15:48
  wealth just sitting around and then they'll eventually let the
• 15:53
  the layman out there, then they'll eventually let you start
• 15:55
  to invest it. So according to the
• 15:57
  announcement, allows investors to earn based on two factors,
• 16:00
  the price of performance of Bitcoin in U.S. dollars and any
• 16:03
  strengthening of the dollar compared to the Russian ruble.
• 16:06
  Now that would be interesting in and of itself, but we also saw
• 16:10
  Russia's second largest bank VTB launch Bitcoin buying and
• 16:14
  trading for all investors. Again, for all investors.
• 16:18
  Now I did look into this Fact Check a little bit.
• 16:22
  I can't find anything official coming out of ETB bank, but they
• 16:26
  are reportedly planning to launch this very, very soon.
• 16:30
  The announcement came out the 28th, but it seems like they are
• 16:33
  seriously considering just allowing a free for all all
• 16:36
  investors to buy into Bitcoin start trading in Bitcoin and
• 16:41
  they've actually been talking about this pilot program for a
• 16:43
  while now. So I think it's finally hitting
• 16:46
  the you know the concrete we're finally hitting the road here
• 16:49
  and they are very seriously considering or rather about to
• 16:53
  implement Bitcoin trading for all investors.
• 16:57
  So again, we have a Chinese state back investment firm
• 17:02
  getting a crypto trading license in Hong Kong.
• 17:06
  We have more Hong Kong exchanges getting crypto license.
• 17:10
  We have the first and second largest banks in Russia talking
• 17:15
  about having Bitcoin like products on their platforms.
• 17:19
  I think this is going to get crazy.
• 17:22
  I've been saying this the last couple of weeks.
• 17:23
  I literally had a text message with one of my friends.
• 17:26
  He's a bitcoiner and he's a full doomer in my in my in my
• 17:30
  iMessage this morning. Like we're not going to get over
• 17:32
  120 K, bro. Trust me, bro.
• 17:34
  Double top coming. And I'm like, dude, like quit
• 17:38
  watching this doom stuff like this is not this is not a good.
• 17:41
  Look for you. And again, I mean, we have been
• 17:44
  talking about this like we're seeing so many interesting news
• 17:49
  stories around Bitcoin and we've all been wondering what's going
• 17:52
  on with the price? Are we double topping?
• 17:54
  You know, is this bull run over? Are we going to repeat 2021?
• 17:58
  And he literally said that like, dude, 2021, it's over if we
• 18:01
  don't pump past 100K in 14 days, bro, it's over for two years.
• 18:06
  And I'm like, dude, like quit watching the doomer content out
• 18:10
  there. Like everything I'm seeing is
• 18:13
  pointing to the opposite. I think, you know, we're still
• 18:16
  going to RIP probably end of here.
• 18:17
  It might be a might be a quiet summer.
• 18:20
  I do kind of agree though, if we do keep testing all time high
• 18:23
  here a couple more times and it's probably not a good look
• 18:26
  long term, but I'm still convinced we're we're gonna
• 18:29
  we're gonna break this. Like all this good news, all of
• 18:31
  this new FOMO coming from everywhere around the world is
• 18:35
  it's starting to make me believe like, yo, this might be a bigger
• 18:39
  bull run, or rather a bull run on the size of 2017.
• 18:43
  It just like the math isn't mathing to me right now with all
• 18:46
  of this good news with, you know, as Luke will probably
• 18:49
  explain later, like his favorite topic of exchanges being
• 18:52
  depleted of Bitcoin, and we have some new information on that
• 18:55
  too. And the sentiment around Bitcoin
• 18:59
  has turned from, Hey, you know, don't touch this thing too.
• 19:02
  You probably need 40% of this thing into your portfolio.
• 19:06
  It's hard to believe how this isn't going to RIP by the end of
• 19:08
  the year. Like maybe we still are in a
• 19:10
  2026 cycle play out. Like I'm not fully convinced
• 19:14
  we're in a in a super cycle yet, but I don't think 120 KS top.
• 19:19
  I'm not I'm not seeing this double top meme it.
• 19:22
  This just doesn't did. It doesn't make sense to me from
• 19:26
  what I'm seeing. I'm like, we still have a lot
• 19:27
  left in this machine. So Luke touch on the Russia and
• 19:31
  then maybe drop a little tidbits because I know we're going to
• 19:33
  get bull. Actually, that'll be the topic
• 19:34
  for the culture. Are we double topping or not?
• 19:36
  So hit hit Russia. Let's let's talk about like the
• 19:40
  implications here. The geopolitical nation state
• 19:43
  FOMO is in full effect as far as I'm concerned.
• 19:46
  I couldn't agree more. So Russia's really interesting
• 19:49
  like since they had there, was it 4 to $600 billion of U.S.
• 19:53
  Treasuries frozen by America in 2022.
• 19:56
  They've been showing some really interesting signs.
• 19:59
  You know, one minute they're using Bitcoin for trade, the
• 20:01
  next minute they ban their citizens from using it.
• 20:04
  The next minute it's going to be a global settlement asset, and
• 20:08
  then next minute they're banned it in like 7 regions in Russia.
• 20:11
  So Russia's really interesting, and I think they're interesting
• 20:15
  from multiple. Viewpoints, I mean,
• 20:17
  strategically, when we start thinking about Russia, they
• 20:21
  produce a lot of oil. They're even #1 two or three
• 20:24
  based on, you know, global oil production numbers every year.
• 20:27
  They're always in that top three.
• 20:29
  So for them to come out and start showing a lot of interest
• 20:32
  in Bitcoin, I think this is a big signpost.
• 20:35
  So very, very, very big signpost because again, think about how
• 20:38
  much excess energy there is in Russia.
• 20:42
  There's a lot of excess energy in Russia and the neighboring
• 20:46
  countries around Russia, as we're going to show you shortly
• 20:50
  with Kazakhstan. And this kind of explains why we
• 20:53
  are seeing so much interest in Bitcoin from these nations with
• 20:57
  excess energy. Again, let's think about the
• 20:59
  Kingdom of Bhutan. How did they accumulate so much
• 21:02
  Bitcoin? They were quietly mining Bitcoin
• 21:06
  since 20/19 with that excess energy.
• 21:09
  They've got an abundance of hydroelectric energy all the way
• 21:13
  down there in the, you know, Asian area.
• 21:17
  So to say they they're on the border of China.
• 21:19
  What do we call that Asian peninsula?
• 21:21
  There's got to be a fancy name for that of the.
• 21:23
  But again, I think like watching these nations with an abundance
• 21:26
  of energy slowly but surely start flipping on Bitcoin.
• 21:29
  We know that we've got Saudi Arabia, UAE, Qatar's showed a
• 21:34
  lot of interest in Bitcoin meeting Bukhali in late 2023.
• 21:38
  Nothing's confirmed out of that Middle Eastern giant yet, but
• 21:42
  we've seen a lot of science. We've seen a lot of signs that
• 21:45
  these countries are flip flopping on Bitcoin.
• 21:47
  We've got Russia flip flopping on Bitcoin.
• 21:50
  We've got China flip flopping on Bitcoin.
• 21:52
  Now we've got Hong Kong kind of proving what we suspected all
• 21:56
  along. And they're going deeper and
• 21:58
  deeper into Bitcoin nearly every month.
• 22:00
  So again, I think this bull run, I think it's again, again, as we
• 22:05
  always say, I think nobody knows anything for certain, but the
• 22:10
  probabilities of this bull run being different and extra
• 22:13
  special and maybe a super cycle. I do think they're getting
• 22:17
  higher day by day by day that we do continue to see the
• 22:21
  fundamentals strengthen around Bitcoin.
• 22:24
  Well, you know, Luke, I always think I'm bullish until you come
• 22:27
  on the show and you make me sound like a bear.
• 22:32
  You know, I want to believe in super cycle.
• 22:35
  I just don't think we're there yet.
• 22:36
  I think maybe by next cycle, you know, for five years from now,
• 22:39
  maybe we can very seriously talk about a super cycle.
• 22:42
  But I could be wrong, you know, hey, maybe my Dumer friend could
• 22:45
  be right. But you know a broken clock is
• 22:48
  right twice a day and Dumers and negative people, they are not
• 22:54
  the successful ones. So you stay optimistic and bull
• 22:57
  tarted all day every day. This is a lifestyle.
• 23:00
  Anyways guys, we do have a lot of other news coming for you
• 23:04
  guys. 1 Michael Saylor was just featured in a Wall Street
• 23:08
  Journal article for his incredible profits at Strategy,
• 23:13
  literally jumping him into the upper echelons.
• 23:16
  A profits everywhere, absolutely huge news.
• 23:20
  And then we have an interesting clip coming out of Sofi, which
• 23:23
  is, you know, fintech investment app and they're talking about
• 23:27
  using Bitcoin. Now again, this information, the
• 23:30
  Bitcoin signal is spreading everywhere.
• 23:33
  And we're starting to see Bitcoin pop up in every corner
• 23:36
  right now from investment firms, you know, fintech companies,
• 23:40
  nation states, banks. And he does say something very
• 23:43
  interesting in this clip that that I think Luke and I will be
• 23:47
  able to chat about. And then of course, trap up the
• 23:48
  show. I'm just going to give Luke the
• 23:50
  the floor and we're just going to get stupidly bullish to
• 23:52
  counter all this bare 120K top, double top nonsense here.
• 23:57
  But of course, before we move on, I do want to remind you
• 23:59
  smash to like button comment on this episode right now.
• 24:02
  Tell us if me and Luke are too bull tarted.
• 24:05
  You know, tell us if you think it's going to be 120 K top or
• 24:07
  not. And of course, hit the subscribe
• 24:10
  button because we're dropping a lot of content on our show on
• 24:13
  our channel. Do not miss it.
• 24:15
  And of course, one huge shout out to our boys over at the
• 24:19
  Bitcoin. Well go to bitcoinwell.com Sign
• 24:22
  up today and get three chances to win a million SAT when you
• 24:26
  toss a coin into the Bitcoin wishing well again, you get 3
• 24:30
  when you sign up using the promo code simply BTC.
• 24:33
  And the reason we love Bitcoin, well it's very simple.
• 24:37
  They are bitcoiners building a platform for bit corners and
• 24:40
  they are doing it the right way to self custody by default,
• 24:43
  which literally means they have never lost a SAT.
• 24:46
  They have never lost your Bitcoin.
• 24:48
  Once you send them their Fiat, it clears you get the Bitcoin
• 24:51
  directly into your wallet. They never hold it and this
• 24:54
  ensures that you never get rug pulled.
• 24:56
  This is why we love the boys over at Bitcoin.
• 24:59
  Well, because they make sure you get Bitcoin the right way.
• 25:03
  OK, on that note, let's. Get into the numbers.
• 25:13
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  not allowing you to huddle your Bitcoin for the long haul.
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  I mean, here is the plate that they crushed, they put in water,
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  they put a blowtorch to it. And as you can see, the words
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• 26:35
  today. Sorry guys, chunked on my
• 26:44
  saliva. All right, we're over here on
• 26:45
  Clark Moodys dashboard and the current Bitcoin price is 100 and
• 26:49
  $6080 and that's literally a -, 5.3% from all time high.
• 26:55
  And we have doomers in the chat. I have doomers D Ming me and
• 26:58
  texting me. Bro you guys need to lower that
• 27:01
  time preference. We've been at 100K for like 30
• 27:04
  days. We're all bored.
• 27:05
  It's like it's over. I mean I remember when 100K was
• 27:09
  the moon shot here. Now we're like this is this done
• 27:11
  man it's going to 0. Absolutely hilarious.
• 27:14
  Anyways the SAT per dollar AKA how much Bitcoin you can buy for
• 27:17
  a single dollar AKA how much the dollar is worth in Bitcoin is
• 27:20
  currently at 943 SAT's per dollar.
• 27:22
  The block height is 903,553. The market cap in Fiat terms is
• 27:27
  2.11 trillion and it went down a little bit.
• 27:31
  We're we're at 8.98% of the gold market cap.
• 27:34
  And then of course the total percentage of Bitcoin that will
• 27:36
  ever be issued, I repeat, that will ever be issued is 94.69%
• 27:40
  with a realized monetary inflation of .84%.
• 27:43
  Literally the lowest inflation or realize inflation because
• 27:47
  there is no actual inflation in Bitcoin is at .84%.
• 27:51
  All right guys, so as I was telling you, I really want you
• 27:53
  to pay attention to what is said in this clip.
• 27:56
  You can see from Karl Menger on Twitter, he goes breaking Sofi
• 27:59
  Bank with 11 million plus users and $38 billion of assets under
• 28:03
  management is now using Bitcoin for global payments because it's
• 28:07
  faster, cheaper and more secure. Now that is the headline, but
• 28:10
  there's something else that he says in this clip that I think
• 28:14
  is kind of a projection of things to come.
• 28:18
  He says it very clearly, something we've been saying on
• 28:20
  this. Show for a.
• 28:22
  Long time, rather ever since the beginning of the year, ever
• 28:25
  since last November or actually before November that when Trump
• 28:29
  got elected, we, you might see a whole new regulatory view on
• 28:33
  Bitcoin. And now again, we are starting
• 28:36
  to see those ripples play out. So again, pay close attention to
• 28:39
  what he says here. First, we're a digital only
• 28:41
  company, so we need to use technology to provide all of
• 28:44
  these services to you. We want you to have the ability
• 28:47
  to pay anybody, anywhere, any way that you want.
• 28:50
  And so one of the products we're launching, international
• 28:52
  payments, will allow you to use U.S. dollars to pay someone in a
• 28:55
  foreign country in their local Fiat currency.
• 28:58
  That dollar will be transferred into Bitcoin, transmitted over
• 29:02
  the blockchain, and then at the destination converted back into
• 29:05
  Fiat currency. Today, the remittance market or
• 29:08
  international market is close to $100 billion from the US.
• 29:13
  We think we can provide a service that's faster, cheaper,
• 29:16
  more accessible and most importantly, very secure.
• 29:20
  In addition to that, we know our members want to invest in
• 29:22
  cryptocurrency. We used to offer the product,
• 29:25
  but we didn't take past as the future.
• 29:28
  So we went out out and asked our members and 60% of our members
• 29:31
  would like to have cryptocurrency offered from
• 29:34
  someone like Sofi, that is a nationally licensed bank.
• 29:37
  And that is a big change. In the past, banks couldn't
• 29:40
  offer buying and selling cryptocurrency, but they can
• 29:43
  now. And so our bank license is now
• 29:45
  useful not just to take deposits that are insured and lend them,
• 29:48
  but to actually provide a very safe, reliable way to buy and
• 29:52
  sell cryptocurrency. OK, OK.
• 29:57
  Did you hear that last part? This is something Luke and I and
• 30:00
  Nico have been saying on this show for a long time.
• 30:04
  Remember, we used to do whole shows around this, the three
• 30:06
  things to take Bitcoin to what was it, $5,000,000 by 2030, I
• 30:11
  forget the year was the ETF. We've seen that most successful
• 30:15
  ETF launch ever. Two FAZBE accounting rules,
• 30:19
  which we will have a follow up story in the news after this
• 30:22
  segment and three banks being allowed to custody and loan
• 30:26
  against your Bitcoin. This is happening now.
• 30:29
  I know there's been a lot of pushback recently on this idea,
• 30:33
  but as you heard him say, we are a nationally registered bank and
• 30:38
  now since the approval that we can start to use and dabble
• 30:42
  Bitcoin, 60% of our clients want Bitcoin or a crypto here.
• 30:48
  We all know it's Bitcoin. You know, the, the, the part
• 30:52
  about him saying like, you know, they trust us bro.
• 30:55
  They want, they want to get Bitcoin from us instead of these
• 30:57
  shady exchanges. And, you know, maybe they don't
• 31:00
  trust Coinbase, but they'll trust us because we're a bank
• 31:02
  and we've been around and we wear the suits and, and we're
• 31:05
  not, you know, these, these shadowy super coders.
• 31:08
  Now I might have a, a point of contention to that.
• 31:11
  I personally, you know, I don't trust banks.
• 31:14
  I grew up, I literally became a man after the O 8 financial
• 31:18
  crisis. And so I, that's why I'm a
• 31:20
  bitcoiner in the 1st place. I'm very skeptical of these
• 31:22
  financial institutions. But as you heard him say, now
• 31:26
  that they got the green light, they are diving head first into
• 31:29
  it. And of course there was some
• 31:31
  kind of like 20/16/2017. What do you call?
• 31:36
  Buzzwords in there, you know, like we're going to use the
• 31:38
  dollar and convert it to Bitcoin and then send it over the
• 31:42
  blockchain because it's cheaper and faster and more secure and
• 31:46
  then it goes into your local Fiat currencies.
• 31:49
  It is sounding a little bit, you know, buzzwordy, but I can't
• 31:53
  really fault these people when they come into Bitcoin.
• 31:55
  You know, everyone was new. You probably all use the
• 31:58
  buzzwords. A few very.
• 31:59
  Few of us come in and are just toxic bitcoiners.
• 32:02
  Now it's becoming easier to just, you know, sidestep all of
• 32:05
  that nonsense and understand the Bitcoin message very clearly.
• 32:09
  But the point remains the same. The floodgates are opening, so
• 32:13
  if you think it's going to be 120 K, you know top here double
• 32:16
  top here bro get out the chat. I don't know what you're doing
• 32:19
  here. This is.
• 32:20
  A full bull. Copium here.
• 32:22
  This is bull tard central. This is what we do always tint,
• 32:27
  always orange tinted glasses like what Luke's got here.
• 32:30
  Anyways, Luke, let's touch on that because I know we're going
• 32:32
  to be able to chat about sailor and then get super bullish at
• 32:35
  the end. But what's your thoughts hearing
• 32:37
  this clip I don't think. You saw this this morning, so
• 32:39
  this might be a fresh, fresh take.
• 32:41
  Live reaction, I didn't see it this morning.
• 32:44
  I think it's interesting. I think so far is yet again,
• 32:47
  number one of these massive institutions who people listen
• 32:50
  to. Yes, there was some buzzwords,
• 32:53
  but it's like social signal in here.
• 32:56
  You've got Uncle Larry shilling our bags.
• 32:59
  We've got Mexico's second richest billionaire shilling our
• 33:02
  bags. We've even got Michael Saylor,
• 33:05
  the man with nearly a $10 billion net worth, shilling our
• 33:07
  bags and going on CNBC and destroying these silly arguments
• 33:13
  that are that the Bitcoin skeptics are making on national
• 33:16
  news. So I think that's the biggest
• 33:18
  signal here. You know, like Trump, like that
• 33:21
  clip we played for you guys at the beginning of today's show
• 33:25
  when we were talking a little bit more about that, you know,
• 33:27
  global superpower race that we're seeing between America,
• 33:31
  Russia and China. Trump kind of looked like he
• 33:34
  took a step back. So to say he was like, yeah, you
• 33:37
  know, my sons are in Bitcoin. Did you notice that up there?
• 33:40
  He was kind of like, yeah, you know, my, my sons are doing
• 33:43
  this. I don't know what the play or
• 33:44
  that little pivot was there because when he was campaigning
• 33:48
  he was like, I want every Bitcoin to be made, mined and
• 33:52
  minted in America. Well, Luke.
• 33:54
  Though that is a good. Point but before that he did say
• 33:58
  you know I was in Bitcoin before I even announced that I was in
• 34:01
  Bitcoin before I announced I was in the presidency and it really
• 34:04
  you know Trump's hilarious first and foremost but it really does
• 34:07
  sound like people that like. Yeah, it wasn't Bitcoin in 2007,
• 34:10
  bro. You're.
• 34:12
  Like what? So I thought that was.
• 34:14
  Hilarious. But yeah, you're true.
• 34:15
  You're right. I didn't mean to cut you off.
• 34:17
  No, it was a it was a it was a valid interjection.
• 34:20
  It's an interesting point. And again, who knows how
• 34:25
  hardcore of a Bitcoin maximus people like Donald Trump and
• 34:29
  this Sofi gentleman are. But just the fact that they're
• 34:32
  getting the, you know, they're putting the Bitcoin message out
• 34:34
  there and we're getting the, you know, the Bitcoin stamp of
• 34:36
  approval on national news from these big names.
• 34:40
  This is what is actually creating the real change, not
• 34:43
  because we're, you know, we're appealing to authority and
• 34:47
  where, you know, blessing the politicians for buying Bitcoin.
• 34:50
  No, no, no, no, no, no, but what these entities do by being more
• 34:56
  neutral to positive on Bitcoin in the public arena.
• 35:01
  This all of a sudden de risks Bitcoin and every single day it
• 35:05
  makes it easier for really big names to adopt Bitcoin.
• 35:10
  Even last night I like I was watching a YouTube, he's a
• 35:14
  fitness influencer, he's got 700,000 Subs but he put up a
• 35:18
  video out of nowhere and it's like this is my my Bitcoin
• 35:21
  thesis or something I watched. I was like what guy from like 7
• 35:25
  or 8 years ago, he's got nearly 1,000,000 fours and now he's
• 35:28
  even posting videos about Bitcoin.
• 35:30
  It's insane. And this is what allows the
• 35:33
  public treasury FOMO to accelerate when you have so much
• 35:39
  positive rules, regulations and when Bitcoin's de risked in the
• 35:44
  public arena by these big institutions.
• 35:47
  This is what allows the real change to happen.
• 35:50
  And that is the what, 800,000 Bitcoin that's been bought by
• 35:53
  public companies over the past 18 months.
• 35:56
  This is the real thing that ignites the bull run.
• 35:59
  It's not, you know, politicians say nice things about Bitcoin on
• 36:03
  the news. That's not really meaningful.
• 36:06
  It's more what that does as a, you know, down the downstream
• 36:10
  that creates the real change and that is Bitcoin being de risked
• 36:15
  and allowing these big boys to allocate to Bitcoin in size.
• 36:20
  Yeah, totally. No, I think that's a huge point.
• 36:22
  And we've been definitely saying that same thing in various ways
• 36:25
  on the show. It's like, look, as much as he
• 36:27
  may not like the Larry Finks of the world or the Donald Trump's
• 36:29
  of the world or, you know, the biggest banks in the world,
• 36:32
  etcetera, the fact that they are now talking about Bitcoin is a
• 36:37
  sign of the times here. As you were saying, this is the
• 36:40
  least risky time to be buying Bitcoin period.
• 36:43
  Like now, by all metrics, I think would say this is the best
• 36:47
  time to buy Bitcoin bar none, unless you're like saying it's
• 36:51
  going to double top, you know, and like it the bull runs over,
• 36:54
  then, you know, maybe you're going to have to still earn your
• 36:57
  your stripes if you buy the top this time around.
• 37:00
  But I'm not convinced we're at the top yet.
• 37:02
  From all the metrics I'm seeing, this is the best time to be
• 37:06
  buying Bitcoin. It's the least risky time.
• 37:07
  We have literally the tacit approval from the biggest
• 37:10
  institutions in the world. You know, the number One
• 37:13
  Financial advisors in the world, nation state leaders of the
• 37:16
  world are talking about getting into Bitcoin.
• 37:18
  If you are still skeptical around Bitcoin, it it really
• 37:21
  it's either two things. You know, you just you're
• 37:23
  digging your head in the sand or you really just haven't done a
• 37:28
  remedial amount of homework into Bitcoin Like you haven't you
• 37:32
  haven't dug deeper. And what you see on, you know,
• 37:34
  CNN or MSNBC or Fox on these one or two-minute clips about how
• 37:39
  Bitcoins boiling the oceans or, you know, criminals are using
• 37:42
  it. And then, you know, like all of
• 37:44
  this crazy nonsense that they use to FUD Bitcoin and literally
• 37:47
  scare you away from the exit door, scare you away from saving
• 37:52
  in something that cannot be destroyed.
• 37:54
  Debase basically scaring you away from the life that you've
• 37:58
  always wanted to live because you can't survive on the dollar
• 38:01
  or you have to, you know, go to them to.
• 38:03
  Give you your your trading portfolio so that you have to
• 38:07
  pay them. Like, cut out the middleman, cut
• 38:09
  off the television, and come watch us bull tarts here on
• 38:12
  Simply Bitcoin and we'll get you right.
• 38:15
  What? What's the What did Uncle
• 38:16
  Rockstar say about us? Come to simply Bitcoin 'cause
• 38:20
  we're scamming you into profits and savings.
• 38:23
  Since 2020. Let's go.
• 38:25
  Oh, man, that's good. I love that.
• 38:27
  All right. Let's let's pivot here.
• 38:30
  I do want to touch on this Michael Saylor story, which I
• 38:33
  found very interesting. So Sailors, all in the news,
• 38:37
  obviously biggest holder of Bitcoin, He's probably the
• 38:41
  biggest mouthpiece for Bitcoin. He's orange peeling all of these
• 38:46
  strategy copycats. He is becoming a Wall Street
• 38:49
  darling right now, for better or worse.
• 38:51
  You know, Wall Street has taken notice with Sailor.
• 38:54
  They didn't care about all of us here stacking Bitcoin, making
• 38:57
  outsize profits without a middleman.
• 38:59
  But once Sailor came in and started to doing some financial
• 39:02
  trickery, some financial engineering like only a rocket
• 39:06
  scientist can do, now they are taking notice of what we're
• 39:10
  doing here. So big head, big headline coming
• 39:13
  out of the Wall Street Journal. Let's let's touch on it.
• 39:16
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  off with promo code Simply take self custody of your Bitcoin
• 41:39
  today with Kohl's Card. All righty then guys, let's dive
• 41:47
  into this article. So I was wrong.
• 41:49
  I miss, I misremembered. It wasn't from Wall Street
• 41:52
  Journal. It was from Bloomberg, but I
• 41:53
  don't have a Bloomberg account here, so I'm getting it from
• 41:55
  Wahoo Finance. OK, same.
• 41:58
  Story. But it's free here and, you
• 42:01
  know, not breaking any rules on YouTube.
• 42:04
  All right, so the Bloomberg headline that we're reading off
• 42:07
  at Yahoo. Finance is Michael Saylor
• 42:09
  strategy to join Wall Street elite with $14 billion windfall.
• 42:15
  And also yesterday, I think they are strategy is eligible to be
• 42:21
  added in the S&P 500. I think it got added to the
• 42:23
  Russell 200. So, you know, strategy or rather
• 42:27
  Bitcoin and Michael Saylor are on Wall Street's doorstep.
• 42:32
  But we got this headline here and it's not really about the
• 42:35
  fact that strategy might join the S&P 500.
• 42:39
  It's really more of the impact that Bitcoin has had on, as
• 42:44
  Sailor would say, his zombie company and has catapulted
• 42:47
  Sailor into the highest echelons of traditional finance of
• 42:51
  finance in general. And of course, it's all backed
• 42:54
  by Bitcoin. The TLDR here rather the, the
• 42:57
  theme here, the, the reading between the lines here is all
• 43:01
  you need to do is follow what Michael Saylor does on a
• 43:04
  personal level and you too can escape poverty like everyone
• 43:09
  else. Everyone is having a hard time
• 43:11
  in the dollar right now and you or you have to become an
• 43:14
  investor. All you have to do is save in
• 43:16
  Bitcoin. And if you do have some
• 43:18
  financial engineering capabilities, maybe you want to
• 43:21
  do what Michael Saylor has done. Anyways, let's get into this
• 43:23
  article. Michael Saylor strategy is
• 43:26
  likely to register an unrealized gain of about $14 billion in the
• 43:31
  second quarter, putting the once floundering enterprise software
• 43:34
  maker turn leverage Bitcoin proxy among the select ranks of
• 43:39
  corporate Titans such as Amazon and JP Morgan Chase.
• 43:43
  Unlike the 10 or so multinationals whose operating
• 43:46
  profits are expected to exceed $10 billion last quarter by
• 43:50
  generating billions of dollars in sales.
• 43:52
  The former MicroStrategy Inc can attribute the eye popping
• 43:56
  results to a rebound in the price of Bitcoin and a fairly
• 43:59
  recent accounting change of course.
• 44:01
  Fazbee or sav 121 that was recalled when it comes to
• 44:05
  valuing its massive holdings of the cryptocurrency strategy is
• 44:09
  forecast to post only about 112.8 million in second quarter
• 44:13
  revenue from the software business.
• 44:15
  According to analyst surveyed by Bloomberg News.
• 44:17
  The likely record profit from the three month ended June 30
• 44:21
  follows a barrage of criticisms from naysayers.
• 44:23
  People are saying, you know, he, he's got some suits right now
• 44:26
  saying that they're not handling their finances correctly.
• 44:30
  Of course, Sailor says it's all financial gibberish, but Sailor
• 44:35
  definitely has it right to feel vindicated to Mark Palmer, an
• 44:38
  analyst at Benchmark Capital who has maintained a buy rating on
• 44:42
  strategy since February 2024. He's had people criticizing him
• 44:45
  for more than four years now, and his company's outperformed
• 44:48
  all other stocks and even the S&P by a long mile.
• 44:52
  Strategy shares have soared over 3300% since Sailor begin buying
• 44:56
  Bitcoin in the middle of 2020 as a hedge against inflation.
• 45:00
  Bitcoin is up around 1000% during the same period.
• 45:03
  Why the S and P500 has increased around 115%.
• 45:08
  The stock rose 40% in the second quarter as the S&P climbed 11%.
• 45:13
  And then of course, you know, in the first quarter strategy,
• 45:16
  adopting the accounting change. And this is kind of the big
• 45:20
  thing. This is why Sailor was saying
• 45:21
  for a while that three things that really unlocked Bitcoins
• 45:25
  capital. One of them was the FAZBE
• 45:26
  accounting rule, and this is where they laid out.
• 45:28
  So Strategy adopted an accounting change that requires
• 45:31
  valuing the firm's now roughly 600 or $64 billion in Bitcoin at
• 45:35
  market prices. Strategy and fellow corporate
• 45:38
  buyers of Bitcoin are now recognizing the unrealized
• 45:41
  changes that often produce big swings in earnings.
• 45:44
  Strategy posted a record $4.2 billion loss to first quarter,
• 45:48
  which saw Bitcoin slump 12%. And prior to the accounting
• 45:51
  change, Strategy had been classifying its Bitcoin holdings
• 45:54
  similar to intangible assets like patents or trademarks.
• 45:57
  That designation for its strategy to permanently mark
• 46:00
  down the value of its holdings when the price of Bitcoin
• 46:02
  dropped below below the previous carrying value gains could only
• 46:06
  be recognized when the tokens were sold.
• 46:09
  So this is a huge thing. This is one of the big, I think
• 46:12
  deterrence to a lot of companies to add Bitcoin to their company
• 46:15
  strategy is that you can basically never actually put the
• 46:19
  unrealized gain on your balance sheet.
• 46:22
  It would always look like a loss on your balance sheet and it
• 46:25
  would really make your financials look incredibly bad
• 46:28
  for investors and shareholders. And so that was one of the big
• 46:30
  things stopping financial institutions from acquiring
• 46:35
  Bitcoin. But now as we're seeing, Sailor
• 46:37
  has implemented the FAZBE accounting or he, I think he was
• 46:40
  actually the first one to do it. And, and it's making his stock,
• 46:43
  or rather his financials go absolutely nuclear, pushing him
• 46:48
  up next to the Amazons and the JP Morgan Chase.
• 46:51
  And now the real story here guys, is of course, all he did
• 46:54
  was buy Bitcoin. Yes, he's doing a bunch of
• 46:57
  different products and he's leveraging the Fiat system.
• 47:00
  But the the the theme here the read.
• 47:03
  Between the line story here is Bitcoin has ushered his zombie
• 47:08
  company into literally the biggest.
• 47:11
  Household names possible and that of course is only possible
• 47:15
  with Bitcoin. Now, you don't have to be
• 47:18
  Michael Saylor, You don't have to have a, you know, you don't
• 47:20
  have to be a billionaire with a huge public corporation to
• 47:23
  follow the Michael Saylor strategy.
• 47:26
  All you have to do is save in Bitcoin and you will also start
• 47:31
  to, you know, get the increase in purchasing powers like it's
• 47:36
  the simplest strategy ever. Of course, I'm not saying the
• 47:39
  Sailor strategy is simple because there is a lot of
• 47:41
  financial engineering that is above my pay grade.
• 47:44
  But. The.
• 47:45
  Story remains the same. If you adopt Bitcoin, if you
• 47:49
  incorporate Bitcoin into your personal finances, then it's a
• 47:52
  totally different game. And I know right now a lot of
• 47:56
  people are struggling inflation, it's kind of under control, but
• 48:00
  everyone is kind of feeling that grocery prices are more
• 48:03
  expensive than ever. You know, we're seeing all kinds
• 48:06
  of uncertainty in the traditional financial world.
• 48:09
  There's a lot, a lot of uncertainty going on in the
• 48:12
  world right now. And the most certain thing that
• 48:14
  usually you want to invest in at times of uncertainty is a good
• 48:18
  money. Bitcoin is that good money
• 48:21
  Bitcoin is that solution. And now we're seeing that, hey,
• 48:24
  whether you like sailor, whether you think that, you know,
• 48:27
  strategy or Bitcoin treasury stocks or shit coins or whatever
• 48:32
  you want to say, whatever negative you want to say about
• 48:35
  it, the point remains the same. Bitcoin is in all of the big
• 48:40
  headlines now. All things around Bitcoin is
• 48:44
  starting to make huge news. It's starting to basically
• 48:47
  outperform on every metric based on every metric around here.
• 48:51
  It's getting incredibly bullish for Bitcoin.
• 48:54
  Where sailors going out there? He's doing the best spokesperson
• 48:58
  speaking talks possible. He's in the Bloomberg, you know,
• 49:03
  Wall Street Journal just dropped an article about the Kingdom of
• 49:06
  Bhutan. We're seeing Trump talk about
• 49:08
  Bitcoin. We're seeing China start to
• 49:11
  pivot towards Bitcoin. We're seeing Russia pivot
• 49:13
  towards Bitcoin. And then of course, everyone
• 49:16
  here that saved in Bitcoin that gets quote UN quote scammed into
• 49:19
  profits here at simply Bitcoin is seeing their life improve.
• 49:23
  This is the power of Bitcoin is securing your purchasing power
• 49:26
  so you don't get broke slowly. This is the revolution here, but
• 49:30
  you need to take Bitcoin into custody yes.
• 49:33
  Maybe you're not a fan of the Bitcoin treasury stocks.
• 49:36
  Maybe you know you're not a fan of quote paper Bitcoin, but the
• 49:40
  message remains the same. Bitcoin is entering the
• 49:45
  collective mind share of society and it's showing without a doubt
• 49:49
  that it's improving people's lives, it's improving
• 49:52
  businesses. And it soon.
• 49:53
  Will improve nation states or rather it already did El
• 49:56
  Salvador and Bhutan like from every metric.
• 50:01
  It is almost incredible that we're seeing Bitcoin and I hate
• 50:04
  to use the Nico phrase, win this hard.
• 50:06
  You know, I know Trump came out. You're going to, you're going to
• 50:08
  get died of winning. But it really is like all the
• 50:11
  things that Bitcoiners have been saying for the last 15 years,
• 50:14
  like it's starting to happen right now, like it is happening
• 50:18
  now. And there's still a lot of
• 50:20
  dumors out there. Like no, man, it's not happening
• 50:22
  how I thought it would. That might be a personal
• 50:25
  problem, bro. Because Bitcoin is absolutely
• 50:29
  just doing what it's supposed to be doing, where it's supposed to
• 50:32
  be doing and at the highest level as possible.
• 50:34
  So, you know, Saylor, you may not like him, but I think he
• 50:40
  he's done an incredible job as a spokesperson or maybe even a
• 50:44
  mascot for Bitcoin. He ran an incredible playbook.
• 50:49
  I've been saying for a while a master class on the corporate
• 50:52
  level of what to do with Bitcoin.
• 50:55
  And now everyone is taking note. I think this is absolutely
• 50:58
  insane, that strategy, just by buying Bitcoin.
• 51:01
  Of course, it's it's a little more complicated than that is
• 51:04
  now making record-breaking profits here and listed next to
• 51:10
  Amazon and JP Morgan Chase. It's absolutely nuts.
• 51:13
  So, Luke, what's your thoughts on this story?
• 51:16
  Yes, I mean, think about it. Just five years ago, Michael
• 51:20
  Saylor was laughed at the big mainstream corporate press
• 51:24
  spokespeople. We're writing articles, laughing
• 51:28
  at him, dunking on him. They were saying Bitcoin was
• 51:32
  going to flop. He was going to sell his Bitcoin
• 51:35
  in 2022. Everybody said with confidence,
• 51:39
  mind you, when Bitcoin was under $20,000, there's a big narrative
• 51:43
  going around saying, oh, they're going to try to push the price
• 51:45
  of Bitcoin down to $3000 to liquidate Sailor.
• 51:49
  This was again like big accounts with multiple 10s of thousands
• 51:54
  of followers on Twitter. I won't name and shame, but they
• 51:56
  were very confident in those predictions.
• 51:59
  And look what's happened now. Michael's taken his company from
• 52:02
  being a $1 billion penny stock in 2020.
• 52:06
  Again, it's a bit bigger than a penny stock, but now he's worth
• 52:09
  100 billion. He's 100 Xed his company.
• 52:12
  Now again, no disrespect to to MicroStrategy calling it a penny
• 52:16
  stock. It certainly wasn't.
• 52:17
  And he has had a profitable business for a long time.
• 52:21
  But to see what has happened to his company over the past five
• 52:25
  years, it's been nothing short of monumental.
• 52:29
  OK, I think I wrote an article in 2022 saying that Michael
• 52:32
  Saylor is going to become the world's most richest person.
• 52:36
  And there will come a day where the world's most wealthy
• 52:39
  companies and billionaires are forced to face the only question
• 52:46
  that matters. I believe in the twenty 20s and
• 52:49
  that is if you want to be the richest nation state, the
• 52:52
  richest individual or the richest corporation, there is
• 52:56
  only one metric that matters and that is how much Bitcoin you
• 53:00
  own. And I made the case way back in
• 53:02
  2022. I said if a nation state or a
• 53:05
  government or an individual wants to become richer than
• 53:08
  Michael Saylor, they will need to buy more than the around
• 53:12
  100,000 Bitcoin that he had at that time.
• 53:16
  Obviously things have changed now Michael now holds about
• 53:19
  600,000 Bitcoin and now it's getting like really spicy and
• 53:24
  really interesting Again, at the time, people called me a Wacker
• 53:27
  back in 2022 writing articles like that, you know, But this is
• 53:31
  the Michael Saylor micro strategy flywheel.
• 53:34
  It is playing out and he's using the exact same playbook that
• 53:38
  Hugo Stein's used way back in the early 1920s in Germany.
• 53:43
  Again, he was just an averagely, moderately wealthy man with a
• 53:48
  business, but he used debt to buy assets that appreciate it in
• 53:53
  that Weimar hyperinflation and he ended up becoming the world's
• 53:57
  richest man in a space of about five years.
• 54:00
  And again, they've been writing that this for multiple years.
• 54:03
  Michael's going to do the exact same thing, but he's going to
• 54:06
  become the world's richest man. And it's just now starting to
• 54:09
  become a little bit more accepted, that crazy view or
• 54:13
  that crazy theory, as today there's only six companies in
• 54:17
  the world who can actually buy more Bitcoin than Michael
• 54:21
  Saylor. And there's only one company who
• 54:24
  could actually pull it off feasibly and quickly.
• 54:27
  And that is obviously Facebook Meta.
• 54:30
  They have a treasury of something like 70 to $80
• 54:32
  billion. And Facebook is the only company
• 54:36
  that has more cash on the balance sheet and has the
• 54:39
  ability for ACEO to make a very quick, very rash, what some
• 54:45
  would call risky decision to put their entire treasury into
• 54:48
  Bitcoin tomorrow and try to buy more Bitcoin than what Michael
• 54:52
  has accumulated over at Micro Strategy.
• 54:54
  There's only one company who can do it and I don't think they're
• 54:57
  going to do it again. Time is running out as the price
• 55:00
  of Bitcoin again on a monthly basis, it kind of looks pretty
• 55:03
  boring. But if you look at it three
• 55:04
  months ago, we're at 70K. So again, I think time is
• 55:08
  running out. And Michael is now one of the
• 55:11
  biggest names on Wall Street. And I just think it's inevitable
• 55:14
  that he will become not only the world's richest man, but he will
• 55:18
  also have the world's most valuable company.
• 55:20
  And I'm just sat back with popcorn, waiting for that day to
• 55:23
  come. Yeah, if if Zuck really wants to
• 55:28
  be a Chad, then he just smashed by the whole holding in Bitcoin,
• 55:32
  that would be great. All right, let let's.
• 55:35
  Let's have a little fun here. We're we're going to get a
• 55:37
  little bullish here actually. Yeah, let's just get to this.
• 55:42
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• 57:24
  All right, Luke, I'm going to put you on the spot here and
• 57:27
  let's just rehash the text message that I got this morning
• 57:33
  that it's over. Bro, if Bitcoin doesn't break
• 57:35
  100K in 14 days, you know we're going into a bear market double
• 57:41
  top. I know you've been hearing all
• 57:43
  of this stuff. I know you're the most bullish
• 57:45
  person I know, I'm sure I've heard this pitch, but
• 57:49
  specifically are we double topping?
• 57:51
  IS120K going to be the top of this cycle?
• 57:54
  What would be your response to this?
• 57:56
  So I'm going to share my screen. I'm going to try to show you a
• 58:00
  chart that I think accurately predicts the price path.
• 58:04
  Let's go over the next 10 years. So many people are during these
• 58:09
  power law curves on the Bitcoin chart.
• 58:12
  I just don't think it's going to happen.
• 58:14
  Can you can you zoom in a little bit?
• 58:16
  I'm going to try my best. Let's see what we got here.
• 58:18
  But I think like this again, when we start thinking about
• 58:21
  Bitcoin on an exponential basis and we start understanding that
• 58:25
  Bitcoin is, again, I believe it's the economic singularity.
• 58:30
  I think it's going to be adopted by everyone around the world.
• 58:34
  You're going to have to adopt Bitcoin.
• 58:36
  There is no second best. There is no other alternative.
• 58:39
  It is just like gunpowder. You even adopt it or you die.
• 58:43
  You either adopt Bitcoin or you're saving means
• 58:46
  metaphorically die and it will melt away.
• 58:49
  Very metaphorical. Let's double stamp that one.
• 58:52
  So again, that's what's going to happen over the next 10 or 20
• 58:56
  years. We're just now starting to see
• 58:59
  the floodgates open. We're now just starting to see a
• 59:03
  lot of these bigger companies that Opti, we didn't get the
• 59:05
  chance to mention. But think about this,
• 59:08
  Microsoft's, Amazon, all of these big, huge companies are
• 59:13
  now having shareholders write to them and force them to consider
• 59:18
  putting Bitcoin on the balance sheet.
• 59:20
  So I just think to 2B's comment in the chat, 100 trillion in 10
• 59:25
  years, Come on, that's bearish. Honestly, I genuinely think
• 59:29
  that's bearish. Like, again, I could talk about
• 59:32
  this for 20 minutes, but if you just look at how technologies
• 59:35
  get adopted, they get adopted in these exponential waves.
• 59:39
  Look at the automobile displacing horses in the early
• 59:42
  1900s. That happened in 12 years.
• 59:46
  The automobile went from like 1% adoption to 90% adoption in like
• 59:50
  12 years. Horses pretty much died off
• 59:53
  really quickly and again. Well, they they're still around,
• 59:58
  but horse as. A.
• 1:00:00
  Mechanism for transportation dwindled away.
• 1:00:04
  That's the one it shrunk by 90%. So I think to make Hoddle's
• 1:00:09
  comment in the chat S curve baby, right now we are in the
• 1:00:13
  very early stages of bitcoins adoption curve.
• 1:00:17
  I again like I've been screaming from the rooftop.
• 1:00:19
  I believe 2020 was the inflection point.
• 1:00:22
  That was like the end of era number one for Bitcoin pre 2020.
• 1:00:27
  It was era number one. It was Bitcoin for the
• 1:00:29
  cypherpunks, for the very fringe individuals.
• 1:00:32
  There was no mainstream awareness or adoption of Bitcoin
• 1:00:36
  pre 2020, but I think 2020 changed everything and now we're
• 1:00:39
  kind of in the more interesting phase for Bitcoin's life.
• 1:00:43
  And I've been screaming it from the rooftops between 2020 and
• 1:00:45
  2031. That will be the second era of
• 1:00:49
  Bitcoin's adoption curve and I think things are going to
• 1:00:52
  manifest themselves really quickly here over the next 5 to
• 1:00:55
  10 years. And I think when Bitcoin hits,
• 1:00:58
  you know, when the supply of Bitcoin on exchanges hits zero,
• 1:01:01
  that's when we really start to see Bitcoin hockey stick up on
• 1:01:05
  the charts that we've got on screen right here.
• 1:01:07
  So I think anybody predicting double tops or another narrative
• 1:01:11
  I've seen is this left translated cycle right this idea
• 1:01:16
  that Bitcoin's going to now go sideways for four years and
• 1:01:20
  enter a four year bear market. That's nearly as laughable as
• 1:01:23
  the power opinion or these quantile models, all these other
• 1:01:27
  models that think that they can just predict Bitcoin forever.
• 1:01:31
  OK, I think Bitcoin is so impossible to predict.
• 1:01:35
  Again, 7000 years, we've never seen a monetary transition like
• 1:01:40
  what we're seeing today. We're literally transitioning
• 1:01:42
  from analogue forms of money to digital forms of money for the
• 1:01:46
  first time in history. We do know through the 700
• 1:01:50
  currency crashes and hyperinflations and monetary
• 1:01:53
  transitions that we have seen in history, they always happen in
• 1:01:58
  an exponential process. It's very slowly and gradually
• 1:02:03
  in the early stages and then it all happens at once.
• 1:02:06
  Suddenly, gradually, then suddenly.
• 1:02:09
  Great book, Parker Lewis, hat tip, by the way.
• 1:02:12
  But again, Bitcoin's going to be the same.
• 1:02:13
  And I'm just shocked that people think it's we're going to see
• 1:02:16
  diminishing returns and it's just digital gold and it's going
• 1:02:19
  to slowly but predictably increase by a 20 and a 30%
• 1:02:24
  kegger for the next 10 years. I just don't think it's going to
• 1:02:27
  happen. I genuinely think it's more
• 1:02:29
  likely Bitcoin goes to 0. Then we see some sort of like
• 1:02:33
  very predictable, very low diminishing returns growth and
• 1:02:36
  bitcoins somewhat boring at, you know, 500K to $1,000,000 asset
• 1:02:41
  in the next 15 to 20 years. I genuinely think it's more
• 1:02:44
  likely Bitcoin dies and goes to 0 than that happening.
• 1:02:48
  And again, a lot of people say that's crazy, but just look at
• 1:02:50
  the history of money. Look at the history of
• 1:02:52
  technology. We never see a monetary or a
• 1:02:56
  technological transition that happens in a predictable
• 1:03:00
  fashion. It always happens in an
• 1:03:02
  exponential fashion. And I just think we've hit the
• 1:03:05
  inflection point. I just think all of these
• 1:03:07
  bullish news stories that we bring you guys on a daily basis
• 1:03:10
  are just little hints and little signposts that you need to
• 1:03:14
  clench a certain area of your body because things are things
• 1:03:18
  are going to get really interesting here in the next 5
• 1:03:21
  years. So yeah, I just don't think we
• 1:03:23
  double tops. Again, I could be wrong.
• 1:03:26
  Again, something I like to really make very clear here, I
• 1:03:30
  don't know where the price of Bitcoin's going.
• 1:03:31
  I have no idea. But what I will say is that
• 1:03:34
  traditional markets, financial markets, they always punish the
• 1:03:38
  consensus opinion and the consensus opinion is diminishing
• 1:03:42
  returns forever. Bitcoin's going to top AT120150,
• 1:03:45
  maybe 200 K this cycle. That will confirm diminishing
• 1:03:49
  returns stays intact for another cycle.
• 1:03:52
  I just think that's the consensus opinion.
• 1:03:56
  I'm going to bet the other way. I'm going to bet it's going to
• 1:03:58
  go the other way. And again, I'm not saying it's
• 1:04:01
  impossible that we top at 180 K and we have another 12 month
• 1:04:05
  bear market and a 70% correction, you know down to 60
• 1:04:08
  or 70 K. I'm not saying it's impossible,
• 1:04:10
  but I think it's much less likely than what I think the
• 1:04:14
  consensus is today. That's a few of my thoughts
• 1:04:18
  there on the on the bears calling a double top AT120K up
• 1:04:21
  there. What do you think?
• 1:04:22
  Yeah. I mean, like I could point at
• 1:04:27
  charts. I really do like the recent kind
• 1:04:31
  of model or framework of the business cycle.
• 1:04:34
  I like the liquidity cycle, but I think the business cycle 1 is
• 1:04:38
  doing really well. And maybe I'll bring up one just
• 1:04:41
  for shits and giggles, but I've been saying for a while,
• 1:04:43
  literally I don't even remember when I started saying this.
• 1:04:46
  It was at some point in 2024 where I kept saying like
• 1:04:50
  something about it. And this was still when Bitcoin
• 1:04:53
  like was a 30K or something to 40K.
• 1:04:56
  Maybe I'm like, I don't know, you know, my, my gut instinct is
• 1:05:01
  telling me 253100K is reasonable for this cycle.
• 1:05:06
  And I've been holding pretty strong on that.
• 1:05:08
  I think that that is kind of, that's kind of the mark that I'm
• 1:05:11
  looking at. Again, it could be this could be
• 1:05:14
  the new 100 cycle. I, I was wrong about that one.
• 1:05:17
  But from all the metrics that that we're seeing, it does feel
• 1:05:21
  like that is a total possibility like 150K right now.
• 1:05:24
  I know from the bottom, you know, what was the bottom of the
• 1:05:27
  bear like 30K or something like that of the, the most recent one
• 1:05:31
  that would be a 5X. So that would kind of play out
• 1:05:34
  to maybe maybe some more credence to of the idea that
• 1:05:37
  this is a double top like a 5X here.
• 1:05:39
  I forget what the last cycle was.
• 1:05:41
  I think it was like a 6X or something like that.
• 1:05:43
  And we were super disappointed about that.
• 1:05:46
  So, you know, I don't think it's out of the realm of possibility
• 1:05:50
  that that's where we are. But I'm, I'm just convinced like
• 1:05:54
  150K just doesn't sound right for me for a 2025, you know,
• 1:06:00
  parabolic year of Bitcoin. Now, of course, there is the
• 1:06:03
  idea of maybe there's more paper Bitcoin, maybe these
• 1:06:05
  institutions coming into Bitcoin, shorting it, even
• 1:06:09
  though they do have some, you know, long exposure, they're
• 1:06:12
  really just trying to siphon off the their management fees out of
• 1:06:15
  this. That could be a whole new
• 1:06:17
  dynamic that's at play and that maybe it's not only dampening
• 1:06:22
  the volatility on the downside, but it's also dampening the
• 1:06:24
  volatility on the upside. I totally think that that's a
• 1:06:27
  possibility here, but I'm also extremely bullish and you guys
• 1:06:32
  know me. I, I love any, any kind of data
• 1:06:36
  that confirms my bias on things. So I've been looking I, I really
• 1:06:41
  like this account. Again, I don't know what these
• 1:06:43
  metrics are, but it is kind of replaying this idea.
• 1:06:47
  We saw Joe Burnett kind of come out and saying the copper gold
• 1:06:50
  ratio business cycle is is bottoming out right now and it's
• 1:06:55
  pretty much predicted all the other bull runs.
• 1:06:58
  This guy, tech dev, he popped up on my Twitter a couple of months
• 1:07:01
  ago and he's been playing this chart out again, I I don't know
• 1:07:07
  the metrics here, so I'm kind of flying blind.
• 1:07:09
  But again, I like any any kind of charter data that confirms my
• 1:07:12
  bias here. You know, I am a trust the
• 1:07:14
  science expert when it confirms my bias.
• 1:07:18
  If it doesn't confirm my bias, I ignore it.
• 1:07:21
  But this whatever this is here. I don't know what it looks like
• 1:07:24
  the business cycle to me, but as you can see when it bottoms out,
• 1:07:28
  things start getting getting excited here.
• 1:07:30
  And guess where we are now in July 2025, it is bottoming out.
• 1:07:37
  And you know you're looking at these numbers here, what maybe
• 1:07:42
  203100K is is in play. So again, if this plays out, if
• 1:07:47
  this. Is our new.
• 1:07:48
  Stock to flow power law, what was the what was the yes, the
• 1:07:52
  power curve quantile model. What you know hey, if it if it
• 1:07:57
  helps us stay bullish and confirms my bias here.
• 1:08:00
  I love it and yeah you know I'm not much of A chart boy.
• 1:08:03
  I do look at charts just to kind of understand what's going on in
• 1:08:07
  the markets here. But whatever this is here tech
• 1:08:11
  dev, we we might have to reach out someone, someone chat on
• 1:08:14
  here. What is this?
• 1:08:16
  OK, actually, we have an explanation.
• 1:08:17
  I don't know if this is true, but he says explanation.
• 1:08:20
  So basic. OK, this is the God.
• 1:08:23
  OK, so this is the the same thing gold copper ratio here
• 1:08:27
  business cycle mean that we kind of did what was that Monday of
• 1:08:30
  last week or Tuesday of last week, I forget.
• 1:08:33
  So he's he's kind of confirming like bias here.
• 1:08:36
  So I love this. I love to confirm my own bias.
• 1:08:40
  So part of me is just like, it just can't be over.
• 1:08:43
  If anything, it could be a sell in Maine go away type scenario.
• 1:08:48
  You know that that is kind of a heuristic for all markets right
• 1:08:52
  now. You know, people, people got to
• 1:08:53
  take their their summer trip to the Amalfi Coast or whatever.
• 1:08:57
  You know, they got to lock in some games and they got to go
• 1:08:59
  take their family on their summer vacation.
• 1:09:01
  And then when they come back into the office end of year for
• 1:09:05
  Q3 and fall is when we start getting super bullish.
• 1:09:09
  But you know, part of me, and again, I'm just from a heuristic
• 1:09:13
  point, from a gut feeling, I'm like 150 K just doesn't sound
• 1:09:17
  right to me. And, and kind of what you said,
• 1:09:19
  Luke, you know, the consensus is right now everyone's saying
• 1:09:22
  something very similar. I remember at at the Bitcoin
• 1:09:24
  conference, most of the people that I was talking to were
• 1:09:27
  saying something similar like, oh, you know, I think it's going
• 1:09:29
  to go to 150 K and that's the top of this cycle.
• 1:09:33
  And I just like it just doesn't, doesn't jive with me.
• 1:09:37
  I'm like that just that doesn't make sense to me.
• 1:09:39
  Like 150 K is not the top. Like I'm still 203100K is that's
• 1:09:45
  where we're going. So you know, if you're a double
• 1:09:47
  top maxi, drop a drop a bear emoji in the chat so that
• 1:09:51
  everyone can make fun of you because me and Luke are staying
• 1:09:54
  bull tarted. I'll make fun of them.
• 1:09:56
  I want to see some bear emojis in the chat because I didn't
• 1:09:59
  think we're going to 200 or 300 Ki mean yeah, sure, maybe this
• 1:10:02
  cycle, but I'm more interested in where we're going this
• 1:10:04
  decade. I think the chat I've pulled up
• 1:10:06
  is actually going to prove I think we're going to 200 or 300
• 1:10:09
  million this decade, like in the next.
• 1:10:11
  OK yeah, that's where we're going.
• 1:10:13
  This is how quickly this thing's going to unfold.
• 1:10:16
  Again, technologies, they happen in exponential.
• 1:10:19
  We've talked about the multiplier effect yesterday just
• 1:10:22
  a little bit. We showed you guys today the
• 1:10:24
  multiplier effects. It's about 6X if you use a
• 1:10:27
  conservative 2 year average. But Opti showed me some data and
• 1:10:31
  it was like 25 X. In the short term, when you
• 1:10:35
  start running really funky maths, like for example, what
• 1:10:39
  happens if $100 trillion wants to flow into Bitcoin?
• 1:10:43
  Again, that's only 10% global assets.
• 1:10:46
  Imagine slapping A25X multiplier on that.
• 1:10:49
  That takes you to what, 2.5 quadrillion dollars.
• 1:10:52
  But if just if just 10% of the world's money wants to flow into
• 1:10:56
  Bitcoin, it's got a 2.5 quadrillion dollar market cap
• 1:11:00
  and that means the price of Bitcoin would be something like
• 1:11:02
  100 and 1000 and $20 million a coin.
• 1:11:06
  That's if just 10% of the world's wealth wants to flow
• 1:11:10
  into Bitcoin over the next 10 years, I think that's going to
• 1:11:13
  happen. And again, these $500,000
• 1:11:16
  predictions, $1,000,000 predictions, $1.3 million power
• 1:11:20
  opinions, they're all wrong. I, I think again, I think the
• 1:11:23
  big picture here when you zoom out and you have a look at
• 1:11:26
  Bitcoin on a multi thousand and multi 100,000 year time frame,
• 1:11:31
  like I like to do with all the charts that I show you guys,
• 1:11:35
  like we need to think bigger about Bitcoin.
• 1:11:38
  We need to think far bigger about Bitcoin.
• 1:11:40
  I think every single technological revolution we've
• 1:11:43
  seen invented over the past 100,000 years, it's all been a
• 1:11:47
  precursor for energy money. Energy money is the pinnacle of
• 1:11:52
  an invention that a civilization can create.
• 1:11:55
  Again, everybody asks the questions Fermi paradox.
• 1:11:58
  Where is life in their galaxies in the hundreds and thousands of
• 1:12:02
  other planets out there? Where is the other civilizations
• 1:12:06
  we've been around for four and a half billion years, Where is the
• 1:12:08
  rest of them? They're not here because they
• 1:12:10
  didn't find energy money. I know it's a big thesis.
• 1:12:12
  It could be a little bit out there, but again, we need to be
• 1:12:15
  thinking about things on 100 and multi thousand year time frame.
• 1:12:19
  And when we do million dollars, 5 million dollars, $10 million,
• 1:12:23
  that's all around in mirror. The big picture here is hundreds
• 1:12:27
  of millions if not billions of dollars per coin in today's per
• 1:12:31
  coin power. That's where we're going.
• 1:12:34
  And again, I think, I think that's just who no, not many
• 1:12:37
  people in Bitcoin are talking about that except for my good
• 1:12:40
  friend in Australia, Peter Dunworth.
• 1:12:41
  He's run the numbers. He's shown a hypothetical
• 1:12:44
  scenario of how we get to $7 billion Bitcoin and I'm on board
• 1:12:48
  for it. Checks out.
• 1:12:50
  Yeah, What is in the water down there in Australia to make you
• 1:12:53
  guys so bullish? It's absolutely incredible.
• 1:12:56
  You know the how Finney $10 million per Bitcoin.
• 1:13:00
  That sounds crazy to a lot of people.
• 1:13:03
  We've we've been hearing $100 million, you know, dollar SAT
• 1:13:06
  parody. Then the Australians come out
• 1:13:09
  and they're like, Nope, 7 billion.
• 1:13:11
  Dollars. Per coin it's happening.
• 1:13:13
  You're like bro chill out like hey, I love.
• 1:13:17
  As much opium as possible as the other guy does.
• 1:13:21
  But 7 Billy, you know, one day we'll look back at this and be
• 1:13:24
  like, OK, maybe maybe Luke and you know, Peter were right about
• 1:13:28
  this. But that's now that starts to
• 1:13:31
  sound crazy. Like a million is like, you
• 1:13:33
  know, at when when I got into Bitcoin, like 10K was the moon
• 1:13:37
  shot. And even then we're like, yeah,
• 1:13:39
  100K like it's going to happen. Maybe it took longer than we
• 1:13:42
  thought it would. And now everyone's saying the
• 1:13:45
  same thing about a million. So maybe Luke will be the same
• 1:13:50
  thing in, you know, 20-30 years that we're saying about a
• 1:13:53
  billion dollar per Bitcoin. But I I'm kind of with everyone
• 1:13:57
  else like can we can we just like break out of the 100K first
• 1:14:00
  man before we start saying 7 Billy per coin?
• 1:14:03
  Hey, I could be wrong, I don't know if it's.
• 1:14:06
  I don't know if you can see the source I shared with you after
• 1:14:09
  that chart I've got for you, but I think.
• 1:14:10
  Like, yeah, yeah, I'll pull it out real quick and then we'll
• 1:14:12
  wrap up. This is how we have to be
• 1:14:14
  thinking about Bitcoin. Like I think the the little
• 1:14:17
  lines you've got on the left hand side of that chart, I'll
• 1:14:19
  share another chart that kind of zooms into what we're looking
• 1:14:22
  at. But that is the past 100,000
• 1:14:25
  years of logical innovation. And I think when you kind of
• 1:14:28
  zoom out, I think what Bitcoin is going to do, like I think
• 1:14:31
  Bitcoin is the civilizational inflection point for Homo
• 1:14:36
  sapiens. And I think the amount of change
• 1:14:38
  we're going to see over the next 1000 years, what Bitcoin creates
• 1:14:42
  for us, it's not fathomable. I cannot predict what's going to
• 1:14:47
  happen, but I do think it's going to be much bigger and much
• 1:14:50
  more consequential than most people think.
• 1:14:53
  And I think nobody is thinking big enough.
• 1:14:56
  I don't know how big we should be thinking.
• 1:14:58
  I think Peter has an interesting framework talking about, OK,
• 1:15:01
  what happens if all the 20 million Bitcoin is sat on a
• 1:15:05
  treasury balance sheet of a nation state, a billionaire or a
• 1:15:08
  public corporation? And what happens if there's $2
• 1:15:11
  trillion of economic trade that's done in the world that
• 1:15:13
  has to be facilitated by the 450 Bitcoin mined every day?
• 1:15:18
  That's where you get to multiple billions of dollars per Bitcoin,
• 1:15:20
  right? So again, I think these
• 1:15:22
  frameworks are more directionally correct, but I
• 1:15:24
  don't want to lose people and get too bullish because I think,
• 1:15:26
  again, we're going much, much higher.
• 1:15:31
  Yeah, I think we already lost. Actually I think you're
• 1:15:33
  triggering the chat right now that like this guy is way too
• 1:15:36
  bullish. Like this is crazy.
• 1:15:38
  But before we leave, there's a great comment here by Mccaudle
• 1:15:42
  and he goes, all models are broken AF.
• 1:15:45
  No one expected where we are now.
• 1:15:47
  I just forget about price and focus on earning more than you
• 1:15:51
  spend and stack more SAT's. That is the message guy.
• 1:15:56
  Yes, we all love to, you know, speculate like price
• 1:15:59
  speculations are fun. I, I think, you know, if you're
• 1:16:02
  honest with yourself, we, we just love we, it might be human
• 1:16:05
  psychology. We just love predicting where
• 1:16:07
  it's going to go. But that is the core message
• 1:16:10
  that the only thing that really matters, as Luke was saying
• 1:16:13
  earlier, as we say on the show constantly, is are you acquiring
• 1:16:17
  more SAT's year over year and constantly saving in Bitcoin.
• 1:16:21
  That's the only thing that really matters right now.
• 1:16:24
  Of course, I think after a certain point, you probably are
• 1:16:28
  sitting on on a decent sized stack of Bitcoin.
• 1:16:31
  It's probably changed your life. You know, you have 32 sats and
• 1:16:34
  you're like, this is generational wealth.
• 1:16:36
  You know, like we're going to the moon, bro.
• 1:16:38
  I'm going to be a millionaire. What's the Luke's favorite?
• 1:16:40
  You know, you're going to be a millionaire if you hold.
• 1:16:42
  No, you're going to be able to retire if you hold a million
• 1:16:44
  sats. But you first got to get there
• 1:16:47
  and you first have to acquire Bitcoin.
• 1:16:50
  And so yes, it's fun to speculate.
• 1:16:53
  No, we aren't telling you to trade Bitcoin.
• 1:16:56
  What we're telling you is you need to save in Bitcoin.
• 1:17:00
  Start today, acquire stat, continue to acquire Bitcoin.
• 1:17:04
  Make sure you have cash flow, make sure you have some profit
• 1:17:07
  and you're not wasting all your money so you can save in
• 1:17:09
  Bitcoin. This is how you win.
• 1:17:11
  This is how you protect yourself.
• 1:17:12
  Going into that crazy future that Luke was just pointing out
• 1:17:16
  right there. We don't know where we're going.
• 1:17:18
  All we know is it's going up forever, up and to the right.
• 1:17:22
  It's the best way to save your money.
• 1:17:25
  It is the only money. It's the only only way to save
• 1:17:27
  money. It's in Bitcoin.
• 1:17:29
  Anyways, on that note, I think it's time to wrap up today's
• 1:17:33
  show. I know you and I can stay here
• 1:17:35
  bullish and ramble on for a long time, but today was July 1st,
• 1:17:40
  guys. We have made it past six months
• 1:17:43
  of the year. Will the last six months of this
• 1:17:46
  year be an incredible ride in Bitcoin?
• 1:17:47
  I sure hope so. Luke, thank you so much for
• 1:17:50
  coming on today's show Actually. Luke will be with you.
• 1:17:53
  Guys here tomorrow and actually I'm going to give him some
• 1:17:57
  homework guys and I'm I'm going to stay this live so that we
• 1:18:00
  hold ourselves accountable, but I'm making Luke do some homework
• 1:18:03
  on that Bitcoin multiplier effect that I brought up
• 1:18:07
  yesterday. He hasn't had enough time to
• 1:18:08
  dive into it. I hope he has enough time.
• 1:18:11
  I know we have him doing a lot of stuff, but I really want him
• 1:18:14
  to come on here and explain this and get even more bullish.
• 1:18:17
  So hey, drop A1 in the chat if you guys want to see that
• 1:18:19
  tomorrow and then Luke will have to deliver for you guys on
• 1:18:23
  tomorrow's culture again, Luke, Niko's going to be gone the rest
• 1:18:27
  of the week, so I will have another special guest for the
• 1:18:31
  wrap up of the week, but you're stuck with me guys.
• 1:18:33
  So I hope you guys enjoyed the show again.
• 1:18:35
  Of course smash the like button, hit the subscriber button and
• 1:18:39
  drop a comment is Luke. Has Luke lost a plot by saying
• 1:18:44
  $7 billion Bitcoin? Yes, I would say one yes.
• 1:18:49
  OK, we got some ones in the chat Luke.
• 1:18:51
  All right, someones in the chat. They want the multiplier effect
• 1:18:54
  tomorrow, so so all right we'll deliver that for you guys on
• 1:18:57
  that note, peace and love. We love you guys.
• 1:19:01
  We'll see you tomorrow. It's been your boy Opti.
• 1:19:03
  On that note, this was simply Bitcoin Live.
• 1:19:07
  Today's episode was brought to you by bitcoinwell.com, a
• 1:19:10
  Bitcoin only platform on a mission to enable financial
• 1:19:14
  independence.