Latest / Simply Bitcoin / Bitcoin Is Having Its WORST Bull Run EVER!! (What Comes Next Might SHOCK YOU) | EP 1333

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Bitcoin Is Having Its WORST Bull Run EVER!! (What Comes Next Might SHOCK YOU) | EP 1333 · Simply Bitcoin

• 0:00
  Yeah, Bitcoin is having its worst bull run ever, and no one
• 0:03
  understands why, especially since the S&P 500 is making all
• 0:08
  time highs, gold is breaking out above $3700, and the US dollar
• 0:14
  is absolutely melting down. This is why people are assuming
• 0:17
  the Bitcoin bull run is over today.
• 0:20
  We're going to be exploring this and much more, so you're going
• 0:23
  to want to stick around. And guys, Q4 is coming up and if
• 0:28
  you guys have been around Bitcoin long enough, Q4 is
• 0:30
  extremely, extremely bullish for Bitcoin anyways.
• 0:34
  So why am I talking about this today?
• 0:37
  This has been circulating around Bitcoin Twitter and it's
• 0:40
  comparing all of of Bitcoin throughout bitcoins history
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  where Bitcoin, the price of Bitcoin on September 15th, the
• 0:50
  yearly, the yearly return. So it goes from 2011 to 2013 to
• 0:56
  2017 to 2019 to 2012 to 2021 to 2023 to 20/20/2016, 2024-2025,
• 1:04
  etc. And I think the reason that a
• 1:07
  lot of you guys might be feeling this, I actually tweeted this
• 1:10
  out this morning, kind of like as a joke is because of this.
• 1:15
  And look, it, it comes down to this like as Bitcoiners, we're
• 1:18
  used to these fantastic returns. You're we're used to these like
• 1:23
  100% returns, 200% returns on a yearly basis.
• 1:27
  And if you were to tell someone, hey, you're going to get a 23%
• 1:31
  return on your investment yearly, they would be over the
• 1:35
  moon. It's actually a fantastic
• 1:37
  return. But as Bitcoiners, we are
• 1:40
  spoiled. But I think we all kind of have
• 1:42
  to come to terms a little bit with the fact that Bitcoin is a
• 1:45
  maturing market, the fact that it's being embraced by Wall
• 1:49
  Street, the fact that it's being embraced by the White House.
• 1:52
  And you know, it's, it's getting bigger.
• 1:54
  The market cap is over $2 trillion, right?
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  It, it takes, it's a lot harder for Bitcoin to go from 2
• 1:59
  trillion to 4 trillion than it was for Bitcoin to go from 100
• 2:04
  billion to 200 billion, right? And it requires a lot more
• 2:08
  capital, requires a lot more institutional flow.
• 2:11
  Also talking a little bit about the treasury companies, they're
• 2:14
  not performing so well either. A lot of them are melting down I
• 2:20
  believe. NACA.
• 2:22
  Yeah, they're down like 85. Percent down like 85% since
• 2:25
  since his introduction. Now I I have a feeling it's
• 2:28
  going to recover since when Bitcoin pumps, I think the
• 2:31
  treasury companies are kind of like this leverage play on
• 2:34
  Bitcoin. So if Bitcoin goes down or if it
• 2:36
  goes sideways, I think the treasury companies are going to
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  underperform. And if a Bitcoin pumps, I think
• 2:41
  the Bitcoin treasury companies possibly might over perform,
• 2:46
  right? So it's kind of like a leverage
• 2:47
  play, you know, take that as you will.
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  But anyways, let's get back to today's topic and today's title
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  is very simple. You know, this is one of the
• 2:57
  worst Bitcoin bull runs in Bitcoin's history.
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  And that's not an opinion, that is a fact.
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  In this chart for audio listeners, it takes it from 2011
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  to 2022. You know, I don't know how many,
• 3:13
  I don't know how many years that is, but it's on the bottom end,
• 3:16
  man. It's on the bottom end. 2025 is
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  not doing so hot. 2024 we are actually doing much better.
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  So the year of the halving, Bitcoin was performing better
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  than the year after the halving. And historically, Bitcoin tends
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  to perform the best the year after the halving, right?
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  And we're only up 23% this year. In the beginning of the year,
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  Opti and I were over the moon. We were ecstatic.
• 3:43
  We were looking at the Trump administration.
• 3:46
  They're announcing the executive order, the Bitcoin strategic
• 3:50
  reserve. You know, we were, we were
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  having like over 1000 people, you know, watching our live
• 3:56
  streams. It was, it was, you know, it was
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  boom bom Bing. It was a celebration.
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  And, you know, it's, it's been nine months, nine months of, you
• 4:07
  know, being literally in the trenches and, you know, like,
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  this is what 2025 has felt like, right?
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  But the numbers speak for themselves.
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  This isn't an opinion. This is a fact right?
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  Bitcoin through September 15th, right?
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  So 2011 1500% 2013 823% 2017 281% 2019 179% 2012 148% 2020
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  166% 2020 361% 2020 50.4% 2016 41.3 percent 2024 it's 40.1% and
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  2025 twenty 3%. Now, I, I think the reason that
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  a lot of people are a little bit perplexed, a little bit confused
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  is because again, the S&P is hitting all time highs, the
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  NASDAQ is hitting all time highs, gold is hitting all time
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  highs. And here's Will Panda, he says
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  Bitcoin, three daily Reds and massive underperformance across
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  the board. But let's just pretend this is
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  normal. He follows up and he says, ready
• 5:17
  for another day of massive underperformance of Bitcoin
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  compared to literally everything else.
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  But I'm sure that everyone who claims they have Bitcoin have
• 5:26
  Bitcoin, kind of alluding to a little bit of the paper Bitcoin
• 5:30
  type of situation. This is the theme of today's
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  show. Is this guy right here?
• 5:33
  But anyways, you guys are going to want to stick around because
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  I do have something bullish for you guys and take a look at the
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  US dollar, right? the US dollar is down 10% this
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  year. Rate cuts were lower interest in
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  USD even further. Historically A bullish setup for
• 5:50
  Bitcoin. So that that's right, ladies and
• 5:51
  gentlemen, tomorrow is the FOMC meeting and Powell the the
• 5:57
  betting markets are betting that 8088% probability that he will
• 6:02
  be lowering rates by 25 basis points.
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  Of course, this is very bullish for risk on assets.
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  Bitcoin is still being seen by the market as a risk on assets.
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  So you know it, it could be a very, very positive day for
• 6:18
  Bitcoin tomorrow, depending on what Powell says.
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  I expect definitely a little bit of a pump.
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  But anyways, let's get to kind of the, the, the differences in
• 6:28
  monthly returns for Bitcoin and it kind of lays it out since
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  basically its inception. So you here you have 2020, here
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  you have 2013 to 2025. Historically, Septembers have
• 6:42
  not been that great overall, generally speaking, but
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  Octobers, as you can see, I mean, it's one of the most
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  bullish months of the year of Bitcoin's history, right?
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  You know, 60%, we got a 47% in there, 39 percent, 28% in
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  October. And especially the years of bull
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  markets, you know, the year after the halving tend to be
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  very, very bullish. Now, I'll show you guys this
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  next thing. So after we get over September,
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  again, the FOMC meeting, we all expect the basis cuts.
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  Powell's gonna lower interest rates, which again is very
• 7:21
  bullish for risk on assets. The job reports.
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  Did you see that change? Which was absolutely crazy that
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  they actually reported that there wasn't that many job
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  increases during the previous administration.
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  And again, the responsibilities, the responsibility of the Fed is
• 7:39
  to control unemployment and to control the inflation rate,
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  right? So if unemployment is a little
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  bit higher than expected, you know, you expect the Fed to
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  react accordingly, right? I think this year has been a
• 7:53
  civil war. There's been like a little civil
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  war going on on with with within DC between the Federal Reserve
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  and the Trump administration. We have fed presidents or fed
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  governors better, said resigning.
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  You have a Trump putting pressure on another Fed governor
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  to resign as well. And then next year, Trump might
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  take over the Federal Reserve, which he's been hinting of by
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  appointing a, you know, the next Fed governor.
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  So that we're going to see that we're completely in uncharted
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  territory. We're going to see what happens.
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  And this might be an extended bull market.
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  But anyways, I said I was going to show you guys something
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  bullish. I was not lying.
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  And here let's check out the quarterly returns of Bitcoin.
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  And this is where things get interesting.
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  So we have a kind of depressing start of the year, starting with
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  only a 23% return. Again, in the grand scheme of
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  things, that's a fantastic return.
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  If you get a 23% return in anything on a yearly basis,
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  you're doing phenomenal. You're doing fantastic.
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  But us Bitcoiners, we're spoiled.
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  We're spoiled. Opti and I were class of 2016,
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  2017, we're used to 23% in a day, right?
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  So, you know, 23% in nine months, you know, me and Opti
• 9:14
  are just scratching each other like, dude, like what the heck
• 9:17
  is going on? And we start to feel a little
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  bit like this, right? Which is why I keep pulling this
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  up because I think it's very appropriate.
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  But anyways, so going back to this, this, this is bitcoins
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  quarterly returns. And I think this is where it's
• 9:31
  the most fitting, right? So let's talk about it.
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  Usually most, most of the time, bitcoins quarterly returns tend
• 9:40
  to be fantastically green. I think look at 2017, man up 11
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  percent, 123 percent, 80% and finish strong with 215%.
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  I don't know if we're going to get that, but look at 202043
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  percent, 17 percent, 168%. Twenty, 21103% down 40%, 2020 up
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  25%, up 5%. And then the bear market year of
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  20/22/2022, which was brutal. And then last year, which was
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  pretty fantastic, started the year with Q1202468 percent up,
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  Q2 1112% up, almost Q31 percent up, and then Q 447.73% up.
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  And again Q1 of this year down 11%.
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  That was when the Trump meme coin mania, so to speak, Q 229%,
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  Q three, 7.45%. And here is what everybody is
• 10:36
  waiting for. If Bitcoin kind of follows its
• 10:39
  historical performance, we should have an explosive end of
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  Q4 kind of coiling it up. You know, we've been coiling it
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  up. Bitcoin tends to be kind of this
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  lagging. It lags gold by about 100 days.
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  Gold has been in in performing incredibly.
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  So if that continues to be the case, you know, Bitcoin should
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  catch up within 100 days of gold's performance.
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  But I think everybody is waiting and anticipating Q4 to be a
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  fantastic quarter for Bitcoin. Let's see.
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  And if it, and if it doesn't, the cycle breaks, the cycle
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  theory breaks. And I think that's where
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  everybody, everybody's anticipating.
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  Now, I've been talking to a lot of people.
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  I mean, I, I guess that's kind of like my job, right?
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  And a lot of people are speculating and and saying that,
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  hey, we might have an extended bull market.
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  We're actually waiting for, you know, it kind of bitcoins bull
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  market going into 2026. People are predicting that now
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  that's never happened before. Usually we we we should have
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  already peaked by now. If you look at every other
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  cycle, Bitcoin should have already peaked by now.
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  And so we are already kind of an uncharted territory if Bitcoin
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  is to make an all time high. Another thing that I'll say is
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  another thing that I'll say is if it does correct, I don't
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  think we're going to get 80% correction or 50% correction or
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  6060% correction. Because for that to happen, you
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  need the parabola, you need this kind of euphoria phase, which I
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  don't think we've ever entered. Like we've had little tastes of
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  it, but we haven't, we haven't really entered A euphoria phase
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  in Bitcoins history. I mean in, in this, in this, let
• 12:35
  me correct that in, in, in this Bitcoin cycle.
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  Now, to be fair, we are up about 600% since the bottom.
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  So I mean, I think that's a fantastic return.
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  So it's not like it's not completely terrible.
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  But you know, again, this is after like this is 3 years, the
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  three years to go up 600%, right?
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  So, you know, let's see what happens people in the in the
• 13:02
  chat. Let's see, let's check out some
• 13:03
  of these comments. I just want to take a look at
• 13:06
  them. Someone is saying every cycle,
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  same story. Jeremy says gold hitting new all
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  time highs has to say something. Let's see what else is Nico,
• 13:19
  bite your tongue. We should have already.
• 13:23
  And let's see, November is my first year anniversary of being
• 13:27
  orange pilled. Who else here has been in it for
• 13:31
  less than a year? Nord node wars are having an
• 13:35
  effect. I don't know about that.
• 13:37
  Gold is leading Bitcoin is leading Bitcoin.
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  Strap on and yeah, Q4 let's see pep, pep Pep Bismo says Q4 2020
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  448% was because Powell rate cuts pre election results
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  supposed to be for a Biden win. Yeah, I mean, it's kind of
• 13:58
  interesting too. Like let's talk a little bit
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  about that. Like, you know, the Fed
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  definitely has been acting, in my personal opinion, has been
• 14:07
  acting a little bit politically, not a little bit very
• 14:10
  politically. You can see their fingerprints
• 14:13
  were all over Operation Choke Point 2.0.
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  I think they've been, you know, Trump calls Powell too late.
• 14:19
  Powell I I kind of agree with that a little bit.
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  You know, and it's supposed to be an independent institution,
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  so to speak. It has not been acting like that
• 14:29
  whatsoever, but Opti, I want to get your take on this bro.
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  And I'm I'm going to pull this picture up because I think it's
• 14:35
  really fitting for anyone who has experienced the 2025 one.
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  You know, it kind of feels like this, you know, and, and I'll
• 14:47
  and I'll and I'll dive a little bit deeper into this, right.
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  So, you know, in war, like one of the worst things about it is
• 14:54
  that you spend a lot of time doing absolutely nothing, right.
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  And then you go from absolutely nothing to, you know, just, it
• 15:04
  just things get chaotic, things get crazy, right?
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  So it's the waiting in between that I think drives a lot of
• 15:12
  people crazy. It drives, you know, it, it, it,
• 15:15
  it, it creates a lot of uncertainty.
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  So I want to get your thoughts on this Opti.
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  Like, you know, where are we? Dude?
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  You've been in the trenches literally with me growing this
• 15:24
  channel together since the very, very beginning.
• 15:28
  And I got to say, man, 2025 has been one of the most fantastic
• 15:33
  years from a, from a, you know, news perspective.
• 15:38
  We've had so much to cover the strategic Bitcoin reserve, all
• 15:42
  this news that's happening all at once, but from a price action
• 15:46
  perspective, I've been saying this, we've been getting a lot
• 15:50
  of heat for it. The numbers do not lie like
• 15:53
  they're right there. Anyone could.
• 15:55
  Don't trust me, verify this yourself.
• 15:57
  From a numbers perspective, this is the worst performing up up
• 16:02
  until September. Of course, to be to be fair, up
• 16:05
  until September 15th, this has been one of the worst performing
• 16:08
  years in Bitcoin's history, only topped by 2015, 2014, 2018 and
• 16:15
  2022. All like bare years.
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  All bare years. So it's, you know, it's, it's,
• 16:21
  it hasn't acted like a year after the halving.
• 16:25
  But again, what I will say is, you know, if you look at this,
• 16:31
  we are lined up for potentially an explosive court at Q4.
• 16:36
  If it doesn't happen, if Bitcoin continues to go sideways in Q4,
• 16:42
  I think that's when we're in uncharted territory and
• 16:46
  everyone's gonna be losing their minds because we have never been
• 16:50
  in that type of situation in Bitcoin's history.
• 16:53
  I think at that point it will be safe to someone just drop a
• 16:56
  Bitcoin address in the thing. What are you trying to
• 16:58
  accomplish there, bro? So, yeah, I mean, that is
• 17:03
  uncharted territory. I think that's what everyone is.
• 17:06
  Everyone's kind of expecting Q4, even Michael Saylor is saying,
• 17:10
  you know, a lot of analysts are predicting 150K Bitcoin by the
• 17:14
  end of the year. But it's kind of cope in my
• 17:17
  opinion. Opti, it's cope bro.
• 17:19
  Because you know, I was tweeting 500K Bitcoin in the beginning of
• 17:24
  the year. American Huddle was saying 2017
• 17:27
  vibes. And here we are at the end.
• 17:31
  The the person who put the Bitcoin address is like, send me
• 17:34
  some BTC bro, earn it, dude. So what I will say is like, you
• 17:40
  know, what I will say is I I think it underperformed.
• 17:47
  I think it underperformed. I know that's unpopular with
• 17:49
  some people. Some people are saying like,
• 17:51
  Hey, listen, like, you know, the bitcoins done fantastic.
• 17:55
  We have all this institutional inflows, but like I'm kind of on
• 17:59
  the on the fence with I'm kind of on the side of whale panda,
• 18:02
  like, OK, fantastic institutional inflows.
• 18:06
  The president's son actually took a company public.
• 18:09
  I have the video for you guys. So I mean, like again, the
• 18:19
  president's son taking a public, all these institutional inflows.
• 18:25
  You know, the president owns the 6th largest Bitcoin treasury
• 18:28
  company, bomb Bing bamboo, whoop Dee Doo.
• 18:32
  But like here we are, you know, here we are nine months later
• 18:36
  and bitcoins gone up 23%, right? So is it paper Bitcoin, Opti,
• 18:41
  like is this paper Bitcoin? It's not even paper Bitcoin
• 18:43
  summer anymore. It's paper Bitcoin winter.
• 18:45
  That sounds even more depressing.
• 18:47
  God damn paper Bitcoin winter, bro.
• 18:50
  And then I'll pull up some some more charts regarding the
• 18:53
  Treasury Company 'cause they're not doing so hot either.
• 18:55
  So Opti, I know I've been ranting for a while.
• 18:58
  I'm back, ladies and gentlemen. Been all over the world, been in
• 19:02
  Europe, went to South America, finally back home.
• 19:05
  I think we're going to be back in South America this weekend,
• 19:07
  actually. But yeah, Opti, want to get your
• 19:11
  thoughts, man. Like, what's going on with this?
• 19:13
  I'm going to pull this up so you can add your commentary.
• 19:16
  And this is what we were talking about, dude.
• 19:18
  We were getting through. Like, Nico, you got to be
• 19:20
  grateful. Like, it's doing so well.
• 19:25
  It's doing so well. Like, what's going on?
• 19:27
  Like, that doesn't look too hot for me.
• 19:29
  Opti, what are you bro? OK, so first of all, as we've
• 19:35
  been saying, I'm glad someone, you know, put this all together
• 19:39
  because we have been saying for throughout the whole year, this
• 19:42
  is the most bullish news cycle in regards to Bitcoin.
• 19:45
  It seems like every other day there's another incredible news
• 19:48
  story, but nothing's going on in the price.
• 19:50
  And looking at this chart, it is a little depressing and and
• 19:53
  someone said it in the chat that I think it's probably the most
• 19:56
  spot on take here is like it's incredible that an asset going
• 19:59
  up 23% year to date. Is underperforming for us
• 20:04
  because like, that's how spoiled we are in Bitcoin.
• 20:06
  You're so you're so used to these incredible games at a 23%
• 20:11
  return, you're like, what? We don't even wake up for this.
• 20:13
  If it moves 23%, it means nothing to us.
• 20:16
  We're just like, OK, it's just like whatever you, you see this
• 20:20
  happen in weeks, let alone to see this happen in nine months.
• 20:24
  It is probably a good barometer of what we've all been feeling.
• 20:29
  And I know a lot of people are like, you know, we're, we're not
• 20:32
  here just for the Fiat price guys.
• 20:34
  As I've been saying, and I get Flack for this all the time, the
• 20:37
  Bitcoin price is one of the most metrics.
• 20:39
  I know there's a lot of other aspects of Bitcoin that are
• 20:42
  super important, Of course, censorship resistance, you know,
• 20:45
  freedom money, the 1,000,000 hard cap, etcetera, etcetera.
• 20:49
  But when you understand that, yeah, I know the Fiat price,
• 20:53
  it's it's hard to really gauge because we're gauging Bitcoin
• 20:56
  again, something that's losing purchasing power.
• 20:58
  As we saw the dollar strength has lost 10% this year, which is
• 21:02
  absolutely insane. So even if you look at it just
• 21:05
  on the face of things, Bitcoin only increasing again, only
• 21:08
  increasing 23% year today. Yeah, that might be
• 21:12
  underperforming compared to every other run here.
• 21:15
  And it is interesting looking at this chart, you know this is the
• 21:19
  worst bull run and the only other times that it's done worse
• 21:22
  is during bear market years when the price is dumping.
• 21:26
  It's not a bull run Opti. Well, hold on, hold on.
• 21:29
  That's where my point really starts to rear its head here.
• 21:34
  It's like, look, OK, just think of it this way.
• 21:36
  Bitcoin only went out 23%. The dollar has lost 10%.
• 21:40
  We're seeing gold run, we're seeing S&P 500 hit new all time
• 21:43
  highs. And so the markets are getting
• 21:45
  really frothy right now. And I think they are expecting
• 21:48
  or rather pricing in a rate cut, which we will see what happens
• 21:52
  tomorrow. And and we'll see if this is all
• 21:55
  concrete. And if it is, then I think what
• 21:58
  Nico said earlier is the signal here.
• 22:00
  There is a lot of uncertainty. I've been saying this, I'm a
• 22:02
  broken record at this point because people are waiting on
• 22:06
  the sidelines right now to kind of figure out what the markets
• 22:09
  are going to do before they deploy their capital.
• 22:11
  But once these signals do become official, then the capital will
• 22:16
  be deployed. And so even though as of today,
• 22:20
  we're only seeing a 23% increase in Bitcoin and we're all kind of
• 22:23
  depressed. And whether you accept it or
• 22:25
  not, or rather if, whether you acknowledge that This is why
• 22:29
  everyone is freaking out right now is because the price isn't
• 22:32
  running. We all know when the price is
• 22:33
  stagnant or going down, Bitcoin fight each other when it goes
• 22:37
  up, we're ecstatic. But I don't think that this is
• 22:41
  where the the percentage returns are going to end by the end of
• 22:45
  the year. There's still a lot of year
• 22:46
  left, especially when you consider that Q4IS historically
• 22:51
  the best returns. And so, Nico, will you pull up
• 22:53
  the coin glass chart because there is some interesting
• 22:56
  numbers there. All right.
• 22:58
  If you look at the bottom zoom in down here on the bottom of
• 23:00
  the Q41 these returned and yeah, here actually go look at the Q
• 23:05
  ones. All right, So the median return
• 23:08
  for Q1 negative 1.46. I mean, I think we we felt that
• 23:12
  this year the median return for Q2 7 1/2%, the median returned
• 23:18
  what is this in in Q3 is maybe 1% and then the returns come in
• 23:25
  Q450 plus percent. So if we see something similar
• 23:29
  play out the end of this year, I'm sure we're all going to look
• 23:33
  back and be like, OK, this year wasn't a complete waste, this is
• 23:36
  good to go. What's up 50% from here, like
• 23:39
  150 a 150 by the end of the year, I'm sure we'll be ecstatic
• 23:43
  about that. And then it's still not riding
• 23:47
  out the fact that this could still pump into Q6 or sorry,
• 23:51
  2026 and Q1Q2. We're still in this era or
• 23:56
  rather this, this view right now where we're not sure if the
• 23:59
  cycle is playing out like it used to.
• 24:02
  Niko was showing me, I, I don't know what chart you were showing
• 24:05
  me earlier, but Niko was sitting like, man, if Bitcoin does
• 24:11
  follow the old patterns, the cycle should be over by now.
• 24:14
  And personally, I don't think it's really started yet.
• 24:18
  I, I think the craziness that we expect Bitcoin to do is going to
• 24:21
  happen Q4 and here. Yeah, yeah.
• 24:24
  Show this chart, this, this chart is even more depressing
• 24:28
  than the first chart we showed because a Bitcoin is like
• 24:32
  everyone's saying, Opti turned Bitcoin into a stable coin.
• 24:35
  Hey, guys, it's not my fault here, OK?
• 24:37
  But it does look like a stable coin.
• 24:39
  It's just a very slow upward or trend, no more parabolic runs.
• 24:44
  But I think end of Q4 or sorry, the this Q4 time frame is where
• 24:51
  Yeah. And which one is this pink one
• 24:54
  or or purple? Or whatever color.
• 24:56
  Shout out to into the Cryptoverse.
• 24:57
  This is part of his thing. So even even if we're going just
• 25:02
  on dates here, you know, bull market cycle bottoms, what's it
• 25:06
  say ROI worse, this is a wind performing cycle period and it's
• 25:12
  still just a slow gradual climb up.
• 25:15
  But I do believe the next three months is where the craziness is
• 25:18
  going to happen again. We are most likely going to see
• 25:21
  rate cuts. If we don't see rate cuts
• 25:23
  tomorrow, then you know that I think that's a totally different
• 25:26
  conversation and and we'll have to revise.
• 25:28
  We're going to dump so hard. Yeah, If there's no rate cuts, I
• 25:31
  think we're in for a lot of volatility.
• 25:34
  But if we do get the downside cuts and we're starting to see
• 25:39
  the ETF inflows come in, we're starting to see the institutions
• 25:43
  deploy capital. And you know, my kind of bullish
• 25:46
  take on the Bitcoin treasury companies, though, I do believe
• 25:50
  that long term they will figure this out.
• 25:53
  There was kind of some hype in in those stocks and those
• 25:56
  equities and, and they, you know, they made a lot of money
• 25:59
  if they sold the top. But I think what is interesting
• 26:02
  about the Treasury plays right now is if that hype bubble is
• 26:08
  popping right now, then maybe that's going to kind of dissuade
• 26:13
  investors from investing into these stocks.
• 26:15
  And then maybe they're going to go straight into spot Bitcoin.
• 26:18
  And that's really when the price is going to go crazy.
• 26:20
  And so now we have, you know, the summer clearing out, people
• 26:24
  are coming back to work. They're going to start deploying
• 26:26
  capitals. They're getting the market
• 26:28
  signals to confirm their decisions, which is if we get
• 26:31
  rate cuts tomorrow, then you know they're going to continue
• 26:36
  to RIP into quote, UN quote, quote risky assets.
• 26:39
  And I think what we're seeing in gold is probably the biggest
• 26:43
  signal of what's going on or gold's hitting all time high.
• 26:46
  This morning it hit 3700. It's probably still ripping.
• 26:49
  I haven't seen it since we started the show.
• 26:52
  But this is probably the biggest signal in the market that people
• 26:56
  are looking for alternatives. And if that's the case and
• 27:00
  Bitcoin does start ripping with this hundred day delay that it
• 27:02
  usually has, I think blow off top in Q4 of this year is still
• 27:08
  completely in play. So yes, it's been a slow start
• 27:11
  of the year, but I don't think we're going to end the year at a
• 27:13
  23% gain. I I think we're going to go
• 27:16
  higher than that. So I think it's setting up
• 27:18
  really nicely for a solid Q4 like historically we've seen,
• 27:23
  but who knows? You know, we, we really don't
• 27:26
  know what's going on in the markets right now until we get
• 27:29
  our signals tomorrow. And yes, this is me coping.
• 27:32
  We are we are going to get a higher than a 23%.
• 27:35
  I saw Magoo saying that because of this we we peaked already.
• 27:46
  Yeah, that's a, that's a bull top indicator for sure.
• 27:51
  Bull market top indicator. I want to see the memes of of
• 27:54
  tapping the button. Man, guys, we have a fantastic
• 27:57
  show. I'm happy to be back finally and
• 28:00
  I hope you guys are enjoying the show so far.
• 28:02
  So yes, to kind of summarize what we were talking about
• 28:05
  during the intro segment, in case you guys missing, in case
• 28:08
  you guys are just tuning in, first of all, smash the like
• 28:10
  button. You are you are listening to
• 28:12
  simply Bitcoin live, the most watched Bitcoin only live show
• 28:15
  on planet earth. So smash that like button.
• 28:17
  If you guys are enjoying it, shout out to the rumble
• 28:19
  audience, shout out to the YouTube audience and shout out
• 28:22
  to the X audience. We really appreciate your
• 28:23
  support. We would not be on air if it
• 28:26
  wasn't for you guys. So really appreciate it.
• 28:27
  We really appreciate all the love and the support that we all
• 28:30
  get. But before we move on, I do want
• 28:33
  to do a quick summary of what we were talking about.
• 28:36
  Guys, let's see, we're heading into uncharted territory.
• 28:41
  Will Q4 be a bullish quarter for Bitcoin?
• 28:45
  Historically, it has always been the most bullish quarter for
• 28:50
  Bitcoin since Bitcoin's inception.
• 28:54
  The just. Buckle in for two weeks the.
• 28:56
  Median The median return for Q4 in Bitcoin has been 52%.
• 29:02
  The average return has been 85%. So if Bitcoin continues that
• 29:08
  historical pattern, Opti is absolutely right and we should
• 29:12
  have a fantastic performance by Bitcoin heading into Q4 of 2025.
• 29:19
  We shall see. If it doesn't happen, we're in
• 29:22
  completely uncharted territory. We've never been in this before.
• 29:26
  My gut feeling, my intuition also is that guys, I think we
• 29:32
  might have an extended bull market.
• 29:34
  I, I would not be surprised if heading into 2026, at least Q1
• 29:40
  of 2026, the bull market continues, right?
• 29:44
  I was showing you guys this picture.
• 29:47
  Look, if you are to take a look at this, we already peaked.
• 29:51
  We already hit the top. If you take a look at this, we
• 29:54
  already hit the. Top right.
• 29:56
  So yeah, we don't know. We shall see.
• 29:59
  And just to kind of give a little bit of a glimpse on how
• 30:02
  the Treasury companies are doing, they're not doing so hot
• 30:04
  either. Here's Peruvian Bull.
• 30:07
  This is Nakamoto, a Bitcoin holding company following the
• 30:11
  the Sailor strategy collapsed 55% today and is down 71% this
• 30:18
  week. Things are not going well in the
• 30:20
  Bitcoin treasury world. Yes, I think everyone is feeling
• 30:23
  the pain. Everyone is saying, hey, wait a
• 30:26
  second. They're looking at their clocks
• 30:27
  and they're saying, wait, bro, we should be pumping by now.
• 30:31
  What's going on? What's going on with Bitcoin?
• 30:33
  Is Bitcoin getting? Is Bitcoin getting boring?
• 30:36
  So anyways, guys, we are going to see what happens in Q4.
• 30:41
  Hold on to your pants. Two more weeks to go and let's
• 30:44
  see if the fireworks commenced once again.
• 30:47
  And it could make up for all of you know, this sideways action
• 30:52
  that we've experienced in 2025. Let's see if Q4 makes up for
• 30:59
  just that anyways, before we start the show guys, I do want
• 31:02
  to give a very special shout out to simply bitcoins lead sponsor
• 31:07
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  All right everybody, no more delay.
• 32:05
  Let's start the show. We have tons to talk about
• 32:08
  today. We have an amazing, fantastic
• 32:10
  article written by Alex Gladstein talking about how
• 32:14
  President Trump is not the Bitcoin president.
• 32:18
  He apparently is the stablecoin president, which that's some
• 32:21
  very interesting words used by Gladstein.
• 32:24
  So we're going to be covering that article today and then I
• 32:27
  have a, a, a fantastic bullish video for you guys by Arthur
• 32:31
  Hayes and he's talking about where Bitcoin is going and the
• 32:35
  potential it has left. So anyways, guys, let's jump
• 32:38
  straight into the show. We will be right back.
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• 34:00
  All right everybody, we are back guys.
• 34:02
  At the time of recording, the Bitcoin price is $116,540.
• 34:09
  We back, We back and we're pumping block height 914
• 34:13
  dollars. You're jinxing it 914,983 That's
• 34:18
  the block height. SAT's per dollar. 858 SAT's per
• 34:21
  dollar under 1000. Love that market cap. 2.3
• 34:25
  trillion Bitcoin versus gold market cap.
• 34:28
  It's sitting at 8.88%. Decline from all time high -6.4%
• 34:33
  Realized monetary inflation .84%.
• 34:36
  In the grand scheme of things, we're just getting the party
• 34:39
  started. Anyways, ladies and gentlemen,
• 34:42
  everyone's paying attention to tomorrow.
• 34:45
  Tomorrow is the FOMC meeting, and everyone is expecting.
• 34:51
  Everyone's talking about will the Fed cut rates on Wednesday?
• 34:55
  See five economic charts that may determine its decision.
• 35:00
  So anyways, they're looking at the federal funds rate versus
• 35:04
  the CPI, monthly change in jobs in the US.
• 35:09
  And how does the Fed compare with other central banks?
• 35:12
  Other central banks are cutting like crazy, like the E, like the
• 35:15
  the European Central Bank, the UK, the US is the only one
• 35:18
  that's been kind of holding it. And how are American consumers
• 35:23
  holding up? Many Americans are souring on
• 35:26
  the economy, feeling pressure by higher costs for everything from
• 35:30
  housing to groceries. Credit Card delinquencies .7% US
• 35:37
  average 30 year fixed rate mortgage 6.4% Anyways, so the
• 35:46
  betting markets are predicting that it's actually up to a 96%
• 35:52
  confidence. 96% confidence. The betting markets are
• 35:55
  predicting with 96% that Jerome Powell will cut at least by 25
• 36:03
  basis points. The second is 50 basis points
• 36:08
  with 3%, no change with 2%. Also it seems like the markets
• 36:14
  are pricing in in December also a 25 basis points cut as well.
• 36:20
  And again, this is incredibly bullish for what people perceive
• 36:25
  as risk on assets. Anyways, Arthur Hayes all kind
• 36:29
  of agrees with us a little bit in in the sense that he believes
• 36:33
  that the four year cycles are over.
• 36:36
  This is a clip of him on a popular podcast with Kyle Chase
• 36:43
  and I'll play the clip and then of course me and Opti will will
• 36:46
  talk about it. Let's check it out.
• 36:49
  If the consumer runs out of cash, what does the American
• 36:51
  consumer do when they don't have money?
• 36:53
  They borrow it. And so if I reduce the cost of
• 36:55
  money, then you can borrow more. And so I think that's why the
• 36:58
  price of money in this instance matters.
• 37:01
  So I think that's a very short sighted sort of explanation.
• 37:06
  If you sort of believe that the the Fed's going to start cutting
• 37:09
  rates and Trump was going to unlock all these liquidity on
• 37:12
  Fed balance sheets in the mortgage market and Bitcoin is
• 37:15
  the best performing asset. When you think about currency
• 37:17
  debasement ever. When you talk to a try five
• 37:19
  person and sort of really get down to what they believe, what
• 37:22
  do they believe? They believe the same things
• 37:23
  that we believe. They believe that when something
• 37:26
  happens, the Fed, the Treasury, the BOJ, the ECB, the PBOC, the
• 37:30
  SNB, they will print money. And what happens when they print
• 37:33
  money? They buy bonds.
• 37:34
  So it's not that we have a difference of opinion.
• 37:37
  We believe the same things. We believe the money will be
• 37:39
  printed. It's just that we encrypt to
• 37:40
  choose an asset that performs better.
• 37:43
  It doesn't matter that the S&P is at what 6700 or whatever it
• 37:46
  is, it's still down in gold terms from the crisis.
• 37:49
  So I think people need to readjust their perspective on
• 37:52
  this. I think that people are under
• 37:54
  pricing the upside in equities and crypto and everything.
• 37:57
  They don't realize how badly all these governments need to print
• 38:01
  money. Yes, it's going to end in
• 38:02
  absolute Armageddon at the end of the cycle, whenever that is.
• 38:05
  But I don't think we're there yet and therefore I don't
• 38:08
  believe in the four year cycle. I believe that we can continue
• 38:11
  ripping through, you know, 157 hundreds when you have $200,000
• 38:15
  Bitcoin because of this massive macro overlay.
• 38:18
  What is happening right now, between now and the end of the
• 38:21
  decade? Ladies and gentlemen, you heard
• 38:28
  it from Arthur Hayes himself. He's kind of agreeing with
• 38:32
  Michael Saylor's thesis. There are no there are no more
• 38:36
  cycles anymore. Optimist fields?
• 38:38
  How do you feel about that? My my bro super cycle.
• 38:42
  Confirmed. I mean, let's just get, let's
• 38:45
  just get to 150 K first, you know, like that.
• 38:48
  That's kind of my attitude right now.
• 38:50
  Yeah, no, I'm AI. I'd agree with you.
• 38:52
  I just like, let's just make it out of the year first and then
• 38:55
  we and then we can get stupidly bullish in the new year.
• 38:58
  But what Arthur's saying is kind of what I've been saying on the
• 39:03
  show for a while. The, the only reason that I've
• 39:06
  really delved into macro stuff is because of exactly what
• 39:10
  Arthur Hayes says. It's, it's the macro landscape
• 39:13
  that we're seeing right now. Things are shifting and Bitcoin
• 39:16
  has a place in the, the total macro landscape.
• 39:19
  We're no longer just relegated to a small corner of the
• 39:22
  Internet. It's no longer just retail
• 39:24
  that's driving Bitcoin. It's no longer just the FOMO
• 39:26
  that drives the Bitcoin price. What we're seeing is, as many
• 39:31
  Bitcoiners and people have been saying, a fundamental monetary
• 39:34
  reordering happening in real life, and you're seeing this
• 39:37
  coming down from the Trump administration.
• 39:39
  You're seeing this happen globally after they talk about
• 39:42
  Bitcoin. And of course, as Bitcoiners
• 39:45
  have been ready for this for a long time now.
• 39:47
  I know a lot of Bitcoiners don't like the macro talk because
• 39:50
  they, they just think it's, you know, they, they, they just
• 39:54
  think it's fluff. It's like, why do we have to
• 39:55
  care about the macro markets when we're Bitcoiners?
• 39:58
  Like I thought we got out of those markets so or we've got
• 40:01
  into Bitcoin so we don't have to talk about them.
• 40:03
  And I totally agree with that. But I think what is the most
• 40:06
  interesting aspect of all of this right now is that as
• 40:10
  Bitcoin grows and as Bitcoin does enter the global
• 40:14
  conversation, it will be affected by these different
• 40:17
  factors. And if we're seeing what is
• 40:20
  potentially on the horizon tomorrow, these Fed rate cuts.
• 40:23
  All of the money, as Arthur's saying, is going to have to find
• 40:28
  a new home and assets and equities as we're seeing, you
• 40:31
  know, S&P 500's hit an all time high, Gold's hit an all time
• 40:34
  high. Bitcoin is it's got some life
• 40:36
  back into it. It's kind of ripping right now.
• 40:38
  It's almost at 1:17. So you're starting to see the
• 40:42
  markets are either pricing in a rate cut and expecting cheaper
• 40:46
  money. And as Arthur explained, if the
• 40:50
  price of lending goes down, if the interest rates get cut again
• 40:54
  and or rather get cut, then more people, if people are
• 40:57
  struggling, they're going to need to take out loans, which
• 40:59
  essentially is expanding the money supply.
• 41:01
  They're creating new money and liquidity will drive Bitcoin.
• 41:05
  So I'm also on the side that all these factors are showing us
• 41:11
  that this cycle, quote UN quote, might break in in real terms.
• 41:15
  And so is it going to be prolonged?
• 41:18
  We obviously won't be able to know 2020 will be hindsight, but
• 41:21
  it is starting to make you feel extremely bullish that all of
• 41:25
  these factors are lining up perfectly.
• 41:27
  And again, not only a solid Q4, but I've been saying for a
• 41:31
  couple of weeks now, we probably will be pumping into the
• 41:34
  beginning of 2026 because if we do get a later stage parabolic
• 41:40
  run, then I don't think it's going to stop as quickly as the
• 41:44
  other ones had. Because we're starting to see
• 41:47
  there is this unlimited bid for Bitcoin, whether it's nation
• 41:50
  states, whether it's institutions, it's no longer
• 41:53
  just driven by the animal spirits of retail.
• 41:56
  And so this is a fundamental shift in the investor thesis of
• 42:01
  Bitcoin. And it is starting to seem like,
• 42:04
  OK, it took nine months for people to wrap their head around
• 42:08
  what is actually going on in Bitcoin.
• 42:10
  And if they're now coming back Haitian, as the meme goes, you
• 42:13
  know, selling, man, go away. And now they're going to come
• 42:16
  back and force. We could fundamentally just keep
• 42:19
  us pumping into 2026. I'm not saying we're not going
• 42:23
  to see another bear market. I'm just saying it might not be
• 42:26
  as dramatic as we've seen in the past.
• 42:29
  And so hey, I'm with, I'm with Arthur.
• 42:32
  I, I think we are all underestimating how high things
• 42:35
  can RIP. I know there's a lot of numbers
• 42:37
  in trad 5 macro markets like oh, if, if S&P hundred hits this
• 42:42
  number, Bitcoin or gold hits this number, then you know it's
• 42:46
  going to correct. Like RTA charts out there are
• 42:49
  tea leaf readings. I don't think have an effect in
• 42:51
  the face of what we're seeing happen right now.
• 42:54
  The markets are either they're going to crater or they're going
• 43:01
  to just go absolutely nuclear to the upside.
• 43:04
  And obviously my bull case is it's up, it's nuclear to the
• 43:07
  upside. So I'm with Arthur on this.
• 43:10
  I think we're all have PTSD still and we're we're
• 43:13
  traumatized about what's going on with Bitcoin and it's going
• 43:17
  to be a good end of the year. Nico I.
• 43:18
  Hopefully, man, I hopefully I do.
• 43:21
  I'm starting to lean towards we might have an extended bull
• 43:25
  market if it doesn't, if Bitcoin doesn't pump in Q4 of 2025.
• 43:30
  Again, we're in uncharted territory right now.
• 43:32
  But the positive about all that is I don't think we're going to
• 43:35
  have these crazy corrections anymore.
• 43:38
  We have not entered the euphoria phase like that's a fact, like
• 43:42
  it retails completely asleep. They don't even know Bitcoin
• 43:45
  exists. So yeah, I mean, let's see what
• 43:49
  happens. Again, we're we're in uncharted
• 43:51
  territory so far because if Bitcoin pumps in Q4 of 2025,
• 43:56
  we're right back on track like nothing has changed, right?
• 44:00
  So let's see Q4 is, is the, the, the determining factor.
• 44:04
  And then another thing that I think we should all be paying
• 44:07
  attention to as well is what is going to be happening to Bitcoin
• 44:11
  as we head into Q1 of 2026. A lot of very intelligent people
• 44:17
  are saying saying hey, look, you know this is going to continue.
• 44:21
  This is going to keep on pumping, so we're going to see
• 44:24
  we're going to be paying attention anyways guys,
• 44:26
  regardless, we're going to be covering it here on simply
• 44:29
  Bitcoin. If you guys are enjoying the
• 44:30
  show so far, make sure to smash that like button really really
• 44:34
  helps with the algos. Shout out to rumble by the way,
• 44:37
  just broke 12,000 subscribers on rumble.
• 44:40
  So shout out to the Rumble audience, appreciate all the
• 44:42
  love. Shout out of course to the
• 44:44
  YouTube audience, 100,000 subscribers strong five 143
• 44:48
  people watching live. And of course shout out to the X
• 44:52
  audience, which is always coming in very strong.
• 44:54
  This person keeps dropping their Bitcoin address saying come on
• 44:57
  bro, send me some Bitcoin. That's hilarious bro.
• 45:00
  Just earn it dude. Earn.
• 45:01
  It like the rest of us. Dude, he's earning it in the
• 45:03
  chat. He's earning it.
• 45:05
  He's panhandling in the chat. Anyways, guys, stay tuned.
• 45:08
  We have tons to cover. There's an excellent article by
• 45:12
  Alex Gladstein. Donald Trump is not the Bitcoin
• 45:16
  president on reason.com, So we're going to be, let's see if
• 45:20
  we can get through some of it. But he's basically making the
• 45:23
  case that, listen, it's stable coins that are really
• 45:26
  benefiting. So anyways, guys, we're going to
• 45:28
  be right back in just a second. We're going to hit the new
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  All right, everybody, we are back.
• 47:27
  Let's let's talk about. I don't know what's going on
• 47:30
  here, man. Yeah, guys, are we lagging on on
• 47:34
  YouTube? Yeah, we, I think because this
• 47:35
  computer is dying on us. Definitely are, definitely are.
• 47:39
  Anyways, so I do want to talk about this article, ladies and
• 47:44
  gentlemen, and this is it's not my words.
• 47:49
  Personally, I'm a big fan of the Trump administration, but this
• 47:53
  is Alex Gladstein, and he says Donald Trump is not the Bitcoin
• 47:59
  president. He is the stablecoin president
• 48:02
  seeking to expand the monetary power and borrowing capacity of
• 48:06
  the US government. Donald Trump took the stage
• 48:10
  about an hour and a half behind schedule.
• 48:12
  The Secret Service needed to secure the room, but the
• 48:14
  audience didn't seem to mind. The once and future president
• 48:17
  waited for Lee Greenwald's God Bless the USA to come to its
• 48:23
  rousing finish, mouth the song, final lyric a walk to the
• 48:26
  podium, and smiled. Hello, Bitcoiners.
• 48:30
  Trump had arrived at the 2024 Bitcoin conference in Nashville
• 48:34
  seeking the support of a movement that once had seemed
• 48:37
  like a radical fringe but now was entering the mainstream.
• 48:41
  Quote I stand before you today, filled with respect and
• 48:44
  admiration for what the Bitcoin community has achieved.
• 48:47
  Trump had Trump had once sounded like a typical politician when
• 48:51
  opining on the topic. I'm not a fan of Bitcoin or
• 48:54
  other cryptocurrencies, he tweeted in 2019, adding that
• 48:58
  they're not money highly volatile.
• 49:00
  But on the 2024 campaign trail, he changed his mind.
• 49:04
  It goes on to say, I, this is Trump's words.
• 49:06
  I pledge to the Bitcoin community that the day I take
• 49:09
  the oath of office, Joe Biden, Kamala Harris anti crypto
• 49:12
  crusade will be over. It goes on to say.
• 49:16
  And his first year back in office, Trump did indeed reverse
• 49:20
  President Biden's anti crypto crusade.
• 49:22
  This felt like a boot off the throat.
• 49:25
  According to Adrison, Trump freed Silk Road founder, Bitcoin
• 49:29
  pioneer Ross Ulbricht. He named Sax his AI and
• 49:33
  Cryptozar his new SEC commissioner Paul Atkins
• 49:37
  launched Project Crypto, an initiative to provide the
• 49:40
  industry with regulatory clarity.
• 49:42
  This summer, the president signed the Genius Act, which
• 49:45
  established a legal framework for stablecoins, making them a
• 49:48
  tool for of U.S. economic policy.
• 49:51
  Beyond freeing Ulbricht, none of these policies had has much to
• 49:56
  do with Bitcoins potential to separate money from state and to
• 49:59
  create a quote new territory to freedom in the words of the
• 50:03
  technology's synonymous creator, Satoshi Nakamoto.
• 50:07
  Indeed, Trump's Justice Department has attacked
• 50:09
  developers who are working on cryptographic ways to improve
• 50:13
  bitcoin's privacy. The president doesn't want to
• 50:15
  replace the US dollar. He wants to strengthen it.
• 50:18
  He hopes the dollar quote dominates the future.
• 50:21
  As he told the crowd in Nashville, the Bitcoin is
• 50:23
  designed to create an open global currency where
• 50:27
  governments and individuals are an equal footing.
• 50:30
  It's a borderless monetary monetary network with no Monet,
• 50:34
  no national affiliation. One of the most famous Bitcoin
• 50:38
  memes shows 2 characters from The Matrix with Neo asking
• 50:41
  Morpheus, What are you trying to tell me that I could trade my
• 50:44
  Bitcoin for millions someday? Morpheus responds with no Neo.
• 50:48
  What I'm trying to tell you is that when you're ready, you
• 50:50
  won't have to. Stablecoins, by contrast, are a
• 50:53
  way to expand the dollar's hegemony and network effect.
• 50:57
  Trump isn't the Bitcoin president, he is the stablecoin
• 51:01
  president. Opti, before I move on, this is
• 51:04
  something that you've been saying for a little bit.
• 51:07
  Do you have any commentary there?
• 51:09
  Well, first of all, I do like Alex Gladstein, but he has been
• 51:15
  very biased against Trump. And though I do agree with this
• 51:19
  statement that Trump is essentially the stable coin
• 51:22
  president, it's hard not it's hard to ignore the, the, the
• 51:29
  fundamental shift, the vibe shift that we've seen happen
• 51:32
  around Bitcoin because of Donald Trump.
• 51:34
  Though to his point, I do definitely agree that it's no
• 51:39
  coincidence that the first thing they did well after, you know,
• 51:41
  announcing the SPR and freeing Ross, that the first real
• 51:46
  legislation to get pushed through was a stable coin bill.
• 51:49
  And and to his points in this article or the first part of
• 51:52
  this article before we break down the stable coin president
• 51:54
  segment, he has very clearly said this basically exact thing
• 52:01
  is like, yes, they want to maintain dollar dominance.
• 52:04
  And though this is taking a negative bent, I think what is
• 52:09
  kind of on our horizons and a lot of Bitcoiners don't really
• 52:12
  like it is that we are going into like a bi metal era here in
• 52:17
  the sense that there will be the dollars and there will be
• 52:20
  Bitcoin. As we've seen in the past, there
• 52:22
  was gold and there was silver or as we've seen in the recent
• 52:26
  future or recent, you know, present memory of essentially,
• 52:29
  you know, the dollars and, and I, I guess a little bit of gold
• 52:35
  as we saw was the case in the early 20th century, that that's
• 52:40
  how things work, the monetary order work.
• 52:43
  Well, as much as I believe that someday, probably not in our
• 52:47
  lifetimes, but at some point, Bitcoin will be the world
• 52:50
  reserve currency. It will be the base currency in
• 52:52
  the world. I think the steps to get there
• 52:54
  are going to be more of a bimetalism kind of perspective
• 52:59
  where you're going to see countries either embrace Bitcoin
• 53:03
  or you'll see countries continue to use a dollar or you'll see
• 53:06
  kind of this, I don't know, symbiotic relationship where
• 53:11
  they will embrace Bitcoin and the dollar because there's still
• 53:14
  people aren't sure who's going to win.
• 53:17
  And so as much as I do believe that Bitcoin will eventually
• 53:22
  take over, we are seeing that we're entering like a bimetalism
• 53:25
  kind of new era, though it's not bimetalism, it's just a Bitcoin
• 53:29
  dollar, you know, symbiotic relationship.
• 53:31
  And so, yes, they are pushing through stable coin legislation
• 53:35
  because they do want to strengthen the dollars.
• 53:37
  I've been telling you guys for a while, publicly, the Trump
• 53:41
  administration will tell you we want a very strong dollar.
• 53:44
  What is the data showing us Dixie dollar strength is down
• 53:48
  10%. They want this to happen also,
• 53:52
  if they do cut interest rates, they're doing exactly what Mark
• 53:55
  Moss has coined the Mona Lago Accords, where they want to
• 53:59
  lower the strength of the dollar, they want to lower
• 54:01
  interest rates and and of course, they need a new buyer of
• 54:05
  treasuries. And who's the biggest buyer of
• 54:07
  treasuries is of course, stablecoin.
• 54:08
  So it's no coincidence that the stablecoin bill was the first
• 54:11
  thing to get passed through. Though the part of this that is
• 54:15
  interesting is just all of the buying that Trump and his family
• 54:19
  have done in Bitcoin. They bought billions of dollars
• 54:21
  of Bitcoin. They just launched a company
• 54:24
  going public on NASDAQ today. So as much as you want to paint
• 54:28
  him as quote the stablecoin president or even, you know, the
• 54:31
  shit coin of president, he launched this shit coin like,
• 54:33
  you know, the you can't ignore these facts.
• 54:36
  But he's also in that very same lane, embracing Bitcoin because
• 54:40
  he needs Bitcoin. He can't just go, oh, I'm pro
• 54:43
  stable coins and not pro Bitcoin.
• 54:45
  This is why it's all getting kind of lumped together.
• 54:48
  Is this whole crypto digital asset push.
• 54:51
  And so whether he just embraces stable coins and just uses cover
• 54:56
  or uses Bitcoin as like the wrapper for this, I think this
• 54:59
  is still a win for Bitcoin because, hey, you can't have
• 55:02
  stable coins without Bitcoin. We know Tether, they're
• 55:05
  literally all Bitcoiners. Like they take all their profits
• 55:07
  and they roll it into Bitcoin. So as much as they think the
• 55:10
  stable coins are going to save them and essentially be able to
• 55:14
  pay off their debt, I don't think it's going to play out
• 55:17
  exactly like that. I think only those that Bitcoin
• 55:21
  will continue to prosper moving forward.
• 55:23
  And so, yeah, you can name him the stablecoin president, but
• 55:25
  again, we're what, nine months into his last presidency?
• 55:29
  I think there's still a lot of time.
• 55:31
  There's still a lot of time left on the clock for him to fully
• 55:34
  embrace Bitcoin. But we're seeing from the
• 55:35
  institutions, they are pivoting 100% on their Bitcoin stance.
• 55:40
  And there will need to be some time for all of this to really
• 55:45
  get parts through markets. And so we're still early in
• 55:48
  this. I think.
• 55:49
  So I think as of now, you can troll and call him the
• 55:52
  stablecoin president, but I don't think it's fair
• 55:54
  necessarily label him and stamp him as the stablecoin president
• 55:58
  forever. Personally, they're buying a
• 56:00
  bunch. You know, they're Trump media
• 56:03
  that Trump children with Bitcoin companies.
• 56:07
  I I'm still holding out my my full official take on him, but
• 56:13
  it's no coincidence that stable coins were the first push and
• 56:16
  and we kind of know why this is what they're doing.
• 56:19
  So yeah, I can call him the stable coin president for now,
• 56:22
  but let's let's read read a little more of this article,
• 56:26
  because I didn't actually get time to cover the whole article
• 56:28
  yet. Nico.
• 56:30
  So continues to say Trump's Nashville speech discussed
• 56:34
  Bitcoin interchangeably with crypto.
• 56:37
  But Bitcoin is fundamentally different with other
• 56:40
  cryptocurrencies. It runs on a decentralized
• 56:42
  peer-to-peer software network, an issue an issue and schedule
• 56:46
  that by design can't be tapered with by central by centralized
• 56:49
  authorities. It provides a way to send value
• 56:52
  over the Internet without trusting third party
• 56:54
  intermediaries. Like the gold standard, it is a
• 56:57
  neutral monetary system. Unlike gold, it has no physical
• 57:01
  properties, making it harder to seize or censor.
• 57:04
  If Bitcoin fully succeeds, governments will no longer be
• 57:07
  able to steal from their citizens by printing money, and
• 57:11
  they'll no longer be able to cut off people from payment networks
• 57:14
  or banking services. Crypto, on the other hand,
• 57:18
  typically describes a set of centralized issued tokens
• 57:22
  usually administered by foundations, neo banks, and tech
• 57:26
  companies. Most crypto projects are
• 57:28
  outright scams or pyramid schemes.
• 57:31
  Most have failed to find real world adoption.
• 57:35
  The major exception is stable coins, which have emerged as the
• 57:39
  crypto industry's killer application.
• 57:42
  They work like casino chips. A stable coin company issues
• 57:45
  $100 worth of digital tokens, digital dollar tokens and
• 57:49
  simultaneously backs them with $100.00 of $100.00 of high
• 57:53
  quality assets, typically U.S. Treasuries.
• 57:58
  It goes on to say when the signing, when signing the law,
• 58:01
  Trump said that stable coins are really strengthening the dollar
• 58:05
  and giving the dollar great prominence.
• 58:07
  And he's right. Stablecoins expands Washington's
• 58:10
  monetary policy power, which we've been telling you guys over
• 58:14
  the last couple of months and reach by expanding the dollars
• 58:17
  network effect in dozens of countries and helping to shore
• 58:20
  up demand for U.S. debt. Stablecoins, which initially
• 58:23
  emerge as a novel technology to facilitate Bitcoin exchanges
• 58:27
  access to dollar liquidity, have evolved into a tool of state
• 58:31
  power. OK, so I'm going to I'm going to
• 58:36
  wrap up the article right there. I'm going to just me and Opti,
• 58:38
  you're going to kind of go back and forth and discuss this.
• 58:43
  Look, yes, the, the, the part that I think caught a lot of
• 58:51
  Bitcoiners off guard is like, at the end of the day, I'm a free
• 58:58
  market maximalist, right? Like, I like the free market and
• 59:03
  the free market has told me that stable coins are popular.
• 59:11
  They're being widely adopted. That's the reality.
• 59:16
  The thesis that Bitcoiners had was, you know, Bitcoin, it was
• 59:22
  going to be adopted in countries that had high inflation rates.
• 59:27
  That's not what happened. That's not what happened.
• 59:30
  Like, and we have to be very serious about that because like
• 59:34
  fundamentally like, or do you want this top down enforcement
• 59:40
  of Bitcoin? Like on like, do you want people
• 59:43
  to be forced to use Bitcoin or do you want people to adopt
• 59:45
  Bitcoin because it's better money?
• 59:48
  What we've seen over the last couple of years was this mass
• 59:54
  adoption of stable coins, because it's a lot easier for
• 59:59
  someone that lives in a developing country that has
• 1:00:01
  double digit inflation to adopt something that has relative
• 1:00:07
  stability. They don't have to go through
• 1:00:10
  the loops and you know, and all the things of, of, of having to
• 1:00:15
  open a bank account, which some people can't depending on where
• 1:00:19
  you're born and what country you are and all the red tape that
• 1:00:21
  comes along with it. And they wanted to and, and the
• 1:00:27
  market has shown that people really want stable coins,
• 1:00:30
  especially in the global S. That is a reality.
• 1:00:34
  That is the truth. Of course the US government is
• 1:00:37
  going to try to capitalize on that.
• 1:00:40
  It's fantastic for them. That's a, that's a, that's a
• 1:00:43
  great way of debt for them to be able to kick that the kick the
• 1:00:46
  can down the road. Now, here's where I think the
• 1:00:49
  article and again, I respect Alex Gladstein tremendously.
• 1:00:53
  I think he's done a lot of great work for the industry.
• 1:00:56
  However, what I will say is like I think Trump has done super
• 1:01:02
  good things for Bitcoin like ending Operation Choke .2 Point
• 1:01:05
  O was fantastic. Differentiating the strategic
• 1:01:10
  Bitcoin reserve versus the the the crypto stockpile was
• 1:01:15
  fantastic. Ending the pressure on the
• 1:01:18
  publicly traded Bitcoin miners was fantastic.
• 1:01:21
  It was all great. So I think the Trump
• 1:01:24
  administration was night and day way better than the previous
• 1:01:29
  administration. Now, does that mean it's
• 1:01:32
  perfect? No.
• 1:01:34
  Can I blame the US government for wanting to maintain this
• 1:01:39
  kind of dollar hegemony and this dollar dominance?
• 1:01:43
  No, of course not. I mean, like, that's what they
• 1:01:46
  depend on. Like, they spend more money than
• 1:01:49
  they collect in tax revenue every single year.
• 1:01:51
  They depend on that, on on being able to print money.
• 1:01:55
  So, like, am I surprised that, you know, they're using stable
• 1:02:00
  coins in order to, like, continue, you know, the status
• 1:02:04
  quo? Absolutely not.
• 1:02:06
  But two things could be true at the same time.
• 1:02:08
  I think the Trump administration has done wonders for the Bitcoin
• 1:02:12
  industry. Is it perfect?
• 1:02:14
  No, I don't like some of the wording that's coming out of
• 1:02:17
  Treasury regarding privacy. There's some things that I have
• 1:02:21
  problems with. The strategic Bitcoin Reserve,
• 1:02:25
  you know, it went from we're gonna pass it to actually, you
• 1:02:29
  know, Bo Hines is gonna resign and now he's joining, you know,
• 1:02:34
  Tether and now they're launching a USAT coin or whatever
• 1:02:38
  stablecoin. So like it's not perfect, but at
• 1:02:42
  the same time like guys like we are free market maximalist.
• 1:02:46
  We are free market maximalist. And what the free market is
• 1:02:49
  saying is that in the global S people have a huge demand for
• 1:02:54
  the dollar and they can't get access to bank accounts.
• 1:02:57
  So what do they do? They get access to the dollar by
• 1:03:01
  Tether. That's the reality.
• 1:03:02
  You can't like if, if it was different, it would be the
• 1:03:07
  global S has this huge demand for Bitcoin and they're adopting
• 1:03:11
  Bitcoin like crazy. That's not what's happening to
• 1:03:13
  global S That's not what's happening.
• 1:03:16
  So do you I blame the US government for trying to
• 1:03:18
  capitalize on that. No, now here's here, here's the
• 1:03:22
  the the silver lining. I think stablecoins are a Trojan
• 1:03:28
  horse for Bitcoin. Let me tell you why.
• 1:03:32
  It gives people the exposure to a non sovereign alternative so
• 1:03:38
  for the first time they can access and use money by just
• 1:03:42
  downloading a digital wallet. How long until they realize that
• 1:03:47
  the dollar loses purchasing power just as much as their
• 1:03:53
  local currency? How long until they realize that
• 1:03:57
  we've already realized that in the West.
• 1:04:00
  If if you live in Europe, if you live in the United States, why
• 1:04:05
  do you think the United States is the country with the most
• 1:04:08
  Bitcoin adoption? Why do you think it is because
• 1:04:13
  we we, we have the dollar here. We know the dollar is probably
• 1:04:16
  losing like 10% in purchasing power on a yearly basis.
• 1:04:19
  We know the American dream is impossible if you're living on
• 1:04:22
  AUS dollar Fiat standard. We know this is the truth.
• 1:04:26
  But if you live in Venezuela, Argentina, a country in Africa,
• 1:04:32
  and you're dealing with double digit inflation and you switch
• 1:04:36
  to the dollar, it is life changing.
• 1:04:41
  You've completely changed your life.
• 1:04:43
  Now you have the ability to receive payments to save for the
• 1:04:47
  future. Like it is a massive upgrade
• 1:04:50
  compared to your local Fiat currency.
• 1:04:53
  But I think this is my prediction.
• 1:04:55
  And so far we've been pretty accurate on the things that
• 1:04:57
  we've predicted here on Simply Bitcoin.
• 1:05:00
  I think that eventually five years down the road, 10 years
• 1:05:05
  down the road, they're going to come to the same realization
• 1:05:08
  that we have come to here in the West, the same realization.
• 1:05:14
  So I think, and I'm sticking to this, stable coins are a Trojan
• 1:05:18
  horse for Bitcoin. It gets people comfortable with
• 1:05:23
  digital wallets and it gets people comfortable with a non
• 1:05:27
  sovereign alternative. Where does that lead?
• 1:05:32
  All roads lead to the best money.
• 1:05:34
  The best bit money is Bitcoin. That hasn't changed.
• 1:05:37
  So I agree with some parts of Gladstein's article.
• 1:05:40
  Opti actually has to give him credit.
• 1:05:42
  Has been saying this for most of the year.
• 1:05:44
  I know he was consuming Whitney Webb's content.
• 1:05:47
  No, I wasn't. And I do like her content.
• 1:05:50
  Though shut up Mark Goodwin and Mark Goodwin and they kind of
• 1:05:53
  have been making the same case regarding stablecoins and and
• 1:05:56
  Tether. I personally don't feel the same
• 1:05:58
  way about Tether. I'm a big fan and of Tether.
• 1:06:00
  I think the Tether guys are hardcore Bitcoiners.
• 1:06:03
  I think they're doing fantastic. They're addressing a market
• 1:06:06
  need. The market is clearly indicating
• 1:06:09
  that it likes stable coins. But I think eventually all roads
• 1:06:14
  lead to Bitcoin. It's just a hop away, right?
• 1:06:17
  Like I think, you know, if, if you look at the, if you look at
• 1:06:21
  USDT it, it's kind of like functions as a, as a checking
• 1:06:24
  account. And if you look at Bitcoin, it
• 1:06:26
  functions as, as a savings account, right?
• 1:06:29
  Like savings for the future. For now, I think eventually
• 1:06:32
  Bitcoin just becomes money as a whole.
• 1:06:35
  I think it becomes money to transact.
• 1:06:38
  I think it becomes money to save.
• 1:06:40
  But that's not where we are right now and that's not me.
• 1:06:47
  That is what the market is indicating.
• 1:06:49
  That is not what I what I, that's not what I want to
• 1:06:53
  happen. But that is what the market is
• 1:06:55
  showing. And fundamentally, if you are a
• 1:06:59
  free market maximalist, then you have to honor what the free
• 1:07:03
  market is telling you. Because if you don't, you're
• 1:07:06
  going to wreck yourself, right? So you either kind of go down
• 1:07:09
  with this kind of interventionalist approach where
• 1:07:13
  like, I know what's best and I'm going to determine what money
• 1:07:16
  people use or the market. It decides by itself what money
• 1:07:21
  people choose to use. And so far the market is
• 1:07:25
  deciding, hey, listen, specifically in the global S, we
• 1:07:30
  really like Sable coins. Now, again, I think that's a
• 1:07:33
  Trojan horse, right? So to kind of weave it back in
• 1:07:37
  and summarize it, look, I think Trump is trying to keep the
• 1:07:43
  dollar alive. Obviously, it gives the IT gives
• 1:07:46
  the US government tremendous amount of power.
• 1:07:48
  I think Congress is doing the same thing.
• 1:07:50
  But at the same time, I think he's been a significantly better
• 1:07:55
  president for Bitcoin than for than the previous
• 1:08:00
  administration, right? So both things can be true at
• 1:08:03
  the same time. That's not to say that the next
• 1:08:07
  president we expect more. Remember what I kept telling you
• 1:08:10
  guys? I told you guys, we now we got a
• 1:08:13
  pro Bitcoin president in the White House.
• 1:08:15
  The next president, we want a anti fed president.
• 1:08:20
  We want a president that wants to end the Federal Reserve.
• 1:08:24
  That's the next step. That's what we should want as
• 1:08:27
  voters. That what what we should expect
• 1:08:30
  for from the next president as bitcoiners because that
• 1:08:34
  fundamentally, if you want to know what's going wrong with the
• 1:08:37
  world, if you want to know why you can't afford things or you
• 1:08:39
  can't afford housing, it is central banking.
• 1:08:42
  Central banking is the number one cause for wealth inequality.
• 1:08:46
  You want to fix that, you have to end central banking.
• 1:08:49
  You have to end the Federal Reserve period, full stop,
• 1:08:52
  right? Anyways, guys, it's going to be
• 1:08:54
  a fantastic show. We still got the culture segment
• 1:08:57
  lined up, but before we get to it, I do want to give a shout
• 1:09:01
  out to one of our sponsors. Opti Knight will be there.
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  to the culture. We have tons to talk about.
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  We're going to be right back in just a bit.
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  freedom. Hi everybody, I'm I'm taking
• 1:12:06
  over the culture segments today. You know, something atrocious
• 1:12:11
  happens over the last week or so, and Bitcoin is all about the
• 1:12:18
  ability to transact freely without the fear of censorship,
• 1:12:24
  without the fear of of without the fear of censorship, you're
• 1:12:30
  able to speak your mind. And, and as Bitcoiners, you
• 1:12:33
  know, especially during the previous election, we were
• 1:12:38
  talking a lot about, we were talking a lot about the fact
• 1:12:43
  that freedom of speech was the front line for Bitcoin and we
• 1:12:49
  lost someone that, and again, this isn't a political show,
• 1:12:55
  guys, so we're not going to go into that.
• 1:12:57
  But we lost someone that was an ally of Bitcoin that had a
• 1:13:02
  massive movement, specifically with the youth that was a friend
• 1:13:07
  of Bitcoin. And he actually helped the
• 1:13:10
  Bitcoin movement tremendously and he played an instrumental
• 1:13:14
  part in actually getting Ross free.
• 1:13:18
  And we lost him while he was doing what he loved and we lost
• 1:13:25
  him while he was debating his ideas.
• 1:13:29
  And if we can't debate our ideas, we say this all the time.
• 1:13:34
  This is our this is our main gripe with central bank digital
• 1:13:36
  currencies. If, if they don't, if, if they
• 1:13:39
  don't want you speaking freely, what makes you think they're OK
• 1:13:43
  with you transacting freely? So I'm sure you guys all know
• 1:13:48
  who I'm talking about. And again, I'm I'm going to
• 1:13:51
  stick to Bitcoin, of course, but we lost Charlie Kirk.
• 1:13:58
  This was a one in a generational person.
• 1:14:02
  He built the largest and fastest growing political movement in
• 1:14:11
  the youth in the United States. He started when he was 18 and
• 1:14:19
  unfortunately he was taken from us at 31 years old.
• 1:14:23
  So what I'm going to talk about today is his contributions
• 1:14:26
  towards Bitcoin. I'm sure you've, if you've been
• 1:14:29
  on the Internet the last couple of days, you guys have seen his
• 1:14:32
  contributions towards everything else.
• 1:14:36
  But we are a Bitcoin show and we're going to specifically fit
• 1:14:40
  focus on Bitcoin. This is someone that could have
• 1:14:43
  potentially been a president one day.
• 1:14:47
  So here's Ross. Ross is commenting what was done
• 1:14:54
  to CC Kirk today is awful. Charlie, you were there for me
• 1:14:58
  when I needed you. I stand by you today and I pray
• 1:15:01
  for your speedy recovery. Of course, this was before we
• 1:15:04
  knew what happened. Ross followed up with like all
• 1:15:09
  of you, I'm mourning Charlie Kirk.
• 1:15:11
  He stood up for his beliefs and passed away for them at 31
• 1:15:16
  wearing AT shirt that read freedom as Bitcoiners.
• 1:15:21
  You guys know what I always say Bitcoin or what is the other
• 1:15:26
  alternative. At 31 my life was taken from me
• 1:15:30
  for standing up for what I believed in and Charlie helped
• 1:15:33
  me get it back. He never took credit for it, but
• 1:15:37
  he played a big role in my freedom in many ways.
• 1:15:41
  Last year alone, when President Trump won the election, he asked
• 1:15:45
  Charlie what the number one thing he could do for him, and
• 1:15:48
  Charlie replied, free Ross. And in the days leading to my
• 1:15:53
  release, Charlie advocated for a full pardon.
• 1:15:57
  He did this and more without expectations of me.
• 1:16:01
  I wish there was something I could do to help Charlie get his
• 1:16:04
  life back, but there isn't and I'm heartbroken.
• 1:16:08
  Charlie, I will always be grateful to you.
• 1:16:10
  Thank you for all you did for me, for our country.
• 1:16:13
  I pray for you and your beautiful family.
• 1:16:17
  Rest in peace and this is a message by Ross Ulbricht to
• 1:16:21
  Charlie Kirk. Charlie was also a big fan of
• 1:16:25
  Bitcoin. I have a clip and I'm going to
• 1:16:27
  play it and then me and Opti will talk about it.
• 1:16:31
  The reason why I think we should have a strategic Bitcoin
• 1:16:32
  reserve. I know you guys had Michael
• 1:16:34
  Saylor on your show and I, I think he's on to something.
• 1:16:37
  There is something called like the mass adoption theory, which
• 1:16:39
  is over a period of time, like the English language U.S. dollar
• 1:16:43
  things just catch on and they're just kind of volitional and
• 1:16:46
  there's no stopping it. I think Bitcoin is that you got
• 1:16:49
  to watch out though. Quantum computing could
• 1:16:51
  potentially crack cryptography. If they do that, then they're
• 1:16:54
  also cracking bank accounts. Right.
• 1:16:56
  And stock trading account. So quantum is the only asterisk
• 1:16:59
  on all this, but I think Sailors honestly something very
• 1:17:01
  profound, which is that because Bitcoin is a scarce,
• 1:17:06
  legitimately scarce resource that it's probably going to go
• 1:17:09
  nowhere but up. So Sailor makes very provocative
• 1:17:11
  argument that Bitcoin could go up 10X over the next 10 years or
• 1:17:13
  something like that, which therefore if we start a Bitcoin
• 1:17:16
  strategic reserve, it could like pay for the national debt and
• 1:17:19
  like basically cover our losses on the deficit.
• 1:17:23
  But I think that we should, I think the United States
• 1:17:25
  government should be invested in crypto without a doubt.
• 1:17:27
  I tend to agree with Michael Saylor that it's more likely to
• 1:17:29
  go to a million than 0. Yes, I think that's right.
• 1:17:33
  And by by the way, so you have a problem of the world's richest
• 1:17:35
  people, they don't know where to put their money.
• 1:17:37
  There's only so many penthouses in London and Paris that they
• 1:17:39
  could buy. There's only so many ranches in
• 1:17:41
  Wyoming that they could buy. And so they we had this problem.
• 1:17:44
  So you create all this money, the money goes upwards.
• 1:17:47
  It's wealth inequality point to your earlier point.
• 1:17:49
  The question is then, well, what do rich people do with money?
• 1:17:51
  There's only so many equities they can buy.
• 1:17:53
  There's only so many shares in NVIDIA and Apple and Microsoft.
• 1:17:55
  They could justify. Well, money needs to find a home
• 1:17:58
  and it's found a home in Bitcoin.
• 1:18:00
  And so once it has mass adoption and the literally the wealthiest
• 1:18:03
  families on the planet are starting to park serious monies
• 1:18:06
  in Bitcoin, and because it's scarce, it's easy to transfer
• 1:18:10
  and it's just a winner. Sometimes there's a mass
• 1:18:12
  adoption and all. Right.
• 1:18:15
  So like I said, this isn't a political show, but you know,
• 1:18:21
  this was someone who was highly influential outside of the
• 1:18:23
  Bitcoin echo chamber that could have, you know, he clearly was
• 1:18:30
  talking very positively about Bitcoin on his show.
• 1:18:32
  On other shows. There's a bunch of other videos
• 1:18:35
  that we just don't have time to play for you guys.
• 1:18:39
  But we lost an ally of our movement.
• 1:18:43
  And he unfortunately was taken from us while wearing a shirt
• 1:18:49
  that said freedom. And you heard the words by Ross
• 1:18:55
  talking about the fact that he would, Charlie played an
• 1:19:00
  instrumental role in getting Ross free and getting Ross a
• 1:19:06
  full pardon. And those are Ross's words.
• 1:19:09
  And that's, those aren't my words.
• 1:19:11
  It's not my opinion. So we lost an enormous figure in
• 1:19:19
  the Bitcoin movement that could have helped for Bitcoin
• 1:19:24
  adoption, the Bitcoin regulatory environment here in the United
• 1:19:28
  States. And my prayers are with him and
• 1:19:32
  his family. And he, you know, he was
• 1:19:36
  persecuted for what he believed in.
• 1:19:38
  So that's all I got to say about that Opti.
• 1:19:44
  Yeah, I mean, I, I covered it last week.
• 1:19:47
  So I, I don't want to rehash what I what I was saying, but as
• 1:19:51
  I was kind of telling you guys on Monday, I am feeling a lot
• 1:19:55
  more hopeful than I did at the end of last week.
• 1:19:58
  I think over the weekend it was. Very, it felt like a very real
• 1:20:07
  possibility that we were going to go into even more tumultuous
• 1:20:10
  times. And I'm I'm pretty, pretty happy
• 1:20:14
  and astonished to see that nothing really did happen over
• 1:20:17
  the weekend. In fact, I think it did the
• 1:20:19
  opposite. I think it brought people
• 1:20:20
  together. And so it's it's really been one
• 1:20:23
  of those eye opening things of man, you know, life is so
• 1:20:26
  precious and each and every one of us has a role to play in this
• 1:20:30
  Bitcoin movement. And we just got to continue to
• 1:20:33
  keep beating the drum and continue to push this freedom
• 1:20:36
  movement forward. And so man, you know, I'm just
• 1:20:40
  more than honored to be a part of it with you guys and more
• 1:20:44
  than honored to have you guys listen to what we say.
• 1:20:48
  And the responsibility of being a talking head, I think is super
• 1:20:51
  important, important and that we have to continue to cool, calm,
• 1:20:55
  collected and just push this Bitcoin thing forward so that
• 1:20:58
  more people can benefit from it. So you guys heard of my takes
• 1:21:02
  all over the weekend? Nika just hasn't been here for
• 1:21:05
  the last couple of weeks. So yeah, it's, it's a crazy
• 1:21:09
  thing to watch. But I think, I think there's
• 1:21:12
  going to be a lot of positives that come out of this, even
• 1:21:14
  though it is such, but you know, it was such a gruesome thing to,
• 1:21:18
  for all of us to watch. And so finally feeling back to
• 1:21:21
  normal, finally feeling like, OK, there's still a lot of work
• 1:21:24
  to be done, Show up day in and day out and put in the work for
• 1:21:27
  every single one of you guys. And, and I hope you guys do the
• 1:21:29
  same thing. So that that's going to be my
• 1:21:32
  take because I, you know, I, I basically mourn with you guys
• 1:21:36
  live the last, last weekend. So yeah, man, it's, it's crazy
• 1:21:41
  times, but I'm, I'm feeling very optimistic and hopeful of where
• 1:21:45
  we're going. Absolutely.
• 1:21:48
  We are all Satoshi, we're all Charlie.
• 1:21:51
  We all stand for freedom, freedom of speech and the
• 1:21:56
  Bitcoin movement lost a very, very powerful ally.
• 1:22:01
  Next man up. And you know, this is a
• 1:22:05
  separation of money and state after all.
• 1:22:07
  And it's unfortunate. It's unfortunate to say the
• 1:22:13
  least. I think you guys haven't seen
• 1:22:15
  me. Of course, I've been traveling.
• 1:22:17
  But you know, this is personally affected me deeply.
• 1:22:22
  And I didn't really watch his content so much, but just the
• 1:22:27
  significance of of losing a A1 in a generational figure like
• 1:22:31
  that, specifically how it happens.
• 1:22:34
  You know, the shirt he was wearing, what he was doing.
• 1:22:40
  If you can't communicate, if you can't debate your ideas, what
• 1:22:43
  are you supposed to do? Right?
• 1:22:46
  You know, Anyways, I wish I could say more.
• 1:22:51
  But guys, before we TuneIn, we're gonna, we're gonna leave
• 1:22:55
  it on a more pot on a positive note.
• 1:22:58
  Yeah, yeah, guy that was doing the Bitcoin address, get your
• 1:23:01
  Lightning wallet. Yeah, we are gonna be giving
• 1:23:04
  away some sats. By the way, if you go to
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  bitcoinwell.com slash simply today, use the QR code or just
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  go to bitcoinwell.com/simply, you will get 3 tosses into the
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  Guys, we love you so much. Thank you guys so much for
• 1:24:04
  supporting the show, tuning in and we're all Charlie smash the
• 1:24:11
  like button. If you guys enjoy the content,
• 1:24:13
  we'll see you guys tomorrow for a brand new episode of Simply
• 1:24:16
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• 1:24:23
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