Latest / Simply Bitcoin / Michael Saylor Predicts $8M Bitcoin !? | EP 1013

Transcript

Michael Saylor Predicts $8M Bitcoin !? | EP 1013 · Simply Bitcoin

0:03
It's all going to zero against Bitcoin.
0:06
It's going up forever more. You're against Bitcoin.
0:16
You're against freedom, yo welcome to the Bitcoin live,
0:26
your number one source of the peaceful Bitcoin revolution
0:28
cover. You can use culture matic
0:29
warfare. We will be your guide through
0:31
the separation of money in state.
0:34
Ladies and gentlemen, it's going to be a crazy epic show.
0:38
Michael Saylor dropping an $8 million prediction on the stage
0:43
of BTC Prague. And I mean, it sounds completely
0:47
absurd, $8 million Bitcoin, like let's just get to 100K first.
0:52
But I did a little bit of research this morning.
0:54
I spent about like an hour and a half prepping for the show.
0:57
And I, I kind of went through the rabbit hole like, is it that
1:00
absurd? Is it that crazy?
1:02
Is this $8 million, you know, prediction?
1:05
Is this $8 million anticipation of Bitcoin coming?
1:08
Is it really that absurd? So we're going to ask that
1:11
question today. We're going to go, we're going
1:13
to go through all the data, all the facts and we'll, we'll,
1:17
we'll get to it. Also, in other news as well,
1:20
seems like US Representative Thomas Massie read Safedine's
1:24
the Bitcoin standard and that led for him to propose on, on
1:29
Congress floor to end the Federal Reserve, which is just,
1:35
it's, it's fascinating. I mean, I would say we just got
1:38
to give copies of the Bitcoin standard to everybody, or at
1:42
least, you know, the, the Cliff Notes, because I think they
1:45
would look at things very, very differently.
1:48
I think if people understood what is money, I think if people
1:51
fundamentally understood that the, that the scam of central
1:54
banking, the scam of Fiat money, I think I think they would start
1:59
to ask questions. And that really boils down to a
2:02
lot of us Bitcoiners. We really got to push that
2:04
message forward, really get people to ask the question not
2:07
only what is money, but why should I be using a money that
2:11
steals from me? Like the whole idea that money
2:14
needs this magical 2% debasement in order to function is
2:20
absolutely absurd. Wouldn't the world be a better
2:24
place if everybody and it doesn't matter who you are,
2:27
doesn't? No one gets a special privilege
2:29
if they earn and money that not only does it maintain purchasing
2:34
power, that purchasing power actually increases over time.
2:39
I would like to believe that the world would be a much better
2:41
place for it, in my opinion. And you know, and we, we just
2:45
need to get that message out there.
2:47
We need to get that that belief into the minds of everyone
2:52
worldwide because I think the world would be a much better
2:55
place. I think the world would be a
2:56
much peaceful place. I think the world would be a
2:58
much hopeful place if we got that out there.
3:01
I think a lot of the divisions, a lot of the insanity that we
3:05
see right now come from Fiat. It comes from broken money.
3:09
And I think people inherently know in their bones that
3:12
something is wrong with the system, but they continue to
3:16
seek a political solution where this is not, there's not a
3:19
political solution to this. It's not Donald Trump, it's not
3:22
Joe Biden, it's not the candidates in your your party
3:25
that are saying if you elect me into into power, we're going to
3:28
fix all your problems. The problem is broken money.
3:32
And if you fix the money, you fix the world.
3:34
I truly believe that, and that's just because I know what it's
3:37
done to my life. I know what it's done to El
3:40
Salvador. I know what it's done to my
3:42
friends and family who have adopted a Bitcoin standard.
3:44
The more time that they're on a Bitcoin standard, the life just
3:48
gets progressively better. All of a sudden, they have hope.
3:51
They start caring about their health.
3:53
They get more spiritual in a way, like it's crazy what
3:56
happens when you adopt Bitcoin. So we're going to get to all
3:59
that. It's going to be a bullish
4:01
Monday episode for you guys. Of course, you know, start it
4:04
off with some signal and we have a very special guest for you
4:07
guys Today. I'm bringing up my legendary
4:09
first to introduce them. Got Optimus feels in the house
4:11
with a straight face. Opti.
4:13
I don't know what it is about Monday bro but Monday is always
4:16
rough to get started. How you doing dude?
4:19
I'm doing good. You caught me in the middle of
4:21
something. I, I forgot to put some tweets
4:23
out, so you know I'm doing that right now anyways, anyways, man,
4:26
it's it's hey, man, we're living the dream.
4:30
Life's wonderful on the Bitcoin standard.
4:32
And hey, we're early to the party.
4:33
So here we are. We get to watch as the whole
4:36
world adopts the best money in the world.
4:37
Love to see it, love to be a part of it.
4:40
And yeah, man, honestly, Mika, last week was a rough week for
4:43
me. I'm not gonna lie.
4:44
I was hurting. I like was almost kind of
4:46
getting sick. This week I feel a lot better.
4:49
So we'll see what happens. Hopefully I don't actually get
4:52
sick here, but man life's good life's good.
4:55
Let's let's bring in our guests. Let's get the show started.
4:57
So today we got the one and only Justin Orkney on the show we're
5:02
going to be he's been on a crusade recently about energy
5:06
and Bitcoin mining. He's been dunking on solar
5:08
powered and wind as well. So we're going to touch on that,
5:12
but also Justin just made the move down to El Salvador, so
5:15
we'll touch on that and what he's working on and then cool
5:18
things that he's seeing. He's literally down there.
5:19
It's raining. The whole city's shut down
5:21
South. Anyways.
5:22
Justin, how you doing today? Buenos Dias.
5:25
I'm doing really well. Happy to be here, guys.
5:28
I'm excited and sorry. Sorry.
5:31
I missed, you know what? Two Thursdays ago I missed it.
5:36
I didn't flake out. I had to change my flight from
5:39
Thursday to Friday to get down here and so that was why Los
5:43
Siento, but I'm here now. It's all good.
5:46
It's all good. I'm just trolling you, bro.
5:48
I'm just trolling you. Good.
5:50
Yeah, man. Well, happy to have you on the
5:52
show. Looking forward to talking to
5:54
you about what are you, what are you going to explore in the
5:56
culture segment, Opti. Bitcoin and energy and then also
6:00
some some cool stuff that Justin's working on down in El
6:02
Salvador. He just made the move, I don't
6:04
know, like what this week basically.
6:06
So I think we got a good show for you guys, absolutely.
6:09
Man, well, I'm looking forward to it.
6:11
It is Monday. We got to start off strong.
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11:03
In the grand scheme of things, we are just getting started.
11:06
All right everybody, this is the video that I wanted to show to
11:09
you guys. This is crazy.
11:10
This is what we mean about moving the Overton window.
11:13
This is what we mean about breaking the Bitcoin echo
11:15
chamber. This is what we mean.
11:17
We need more of this. We need more representatives, We
11:21
need more people. We need the mainstream
11:23
consciousness reading Safa Dean's book, The Bitcoin
11:26
Standard. We need more mainstream
11:28
consciousness asking the fundamental question, what is
11:31
money? We need more of mainstream
11:33
asking the question, why do I need some money?
11:35
Why do I need to use the money that steals from me?
11:37
Why do I have to use the money that is that is constantly
11:41
debasing? Don't I already pay income tax?
11:43
Why do I have to pay this too? Those are all extreme, extremely
11:46
important questions. And remember, the reason that
11:49
they're so powerful is because they don't have a response.
11:53
Like they don't know what to say.
11:55
They don't know they don't have a good answer to this.
11:57
Politicians are just going to gaslight, and gaslighting only
12:02
works if the populace is not informed.
12:04
So let's check out what Representative Thomas Massie has
12:07
to say after reading the book The Bitcoin Standard solutions
12:11
of this government. And I, and I was actually
12:14
listening to an audio book by Saifa Dean Amuse called the
12:19
Bitcoin Standard. And I'll, I'll warn anybody who
12:24
wants to listen to that book, the 1st 80% of it, it's not
12:27
about Bitcoin, it's about money and what is money, which I think
12:32
is important to understanding Federal Reserve.
12:35
And also, but he, he has to lay that down so he can explain what
12:39
Bitcoin is, because you can't assume everybody knows what
12:42
money was. And frankly, I learned some
12:44
things or picked up some vocabulary that I didn't have
12:47
about it there. And I'm was listening to that
12:50
tape and I'm like, it is time, it is way past time to
12:53
reintroduce a bill to end the Federal Reserve.
12:56
And so I put it in the hopper and I thought, man, I may be the
13:00
only one, Maybe I'll get two or three Co sponsors, but I don't
13:04
care. This needs to be done.
13:06
I got two dozen Co sponsors. So we, the number of Co sponsors
13:12
of the bill to end the Federal Reserve in 10 years has gone up
13:16
10X, which is remarkable. Yeah, that is NO10XI mean we're
13:23
making progress everybody, but we're not quite there, right?
13:26
And it's, again, it's a, it's a, it's a, it's two punches, right?
13:31
Punch #1 is punch number one is Bitcoin, which gets people to
13:37
ask the question, what is money? Why does why?
13:39
Obviously this is better money and punch #2 is as more and more
13:43
people ask what is Bitcoin, as more and more people come to the
13:47
realization that central banking is inherently evil, all roads
13:52
lead to Bitcoin. I think that's incredibly
13:53
important to pull to point out. Anyways, here is Breedlove
13:57
saying thanks in part to the work of Safedine.
14:00
The question what is money will be regarded as the defining
14:03
question of our life, of of our time in history.
14:07
And just to kind of go through a bunch of things, right?
14:11
Central banking enabled the war, the world wars, right?
14:15
Central bank was established in 1913.
14:18
Do you think it was a coincidence that the World War
14:20
started 19/8 like a couple years later?
14:23
I don't think that's a coincidence.
14:25
Do you think that it happened the World War 2, the largest
14:27
World War in human history happened with central banking.
14:30
I don't think that's a coincidence.
14:32
Why have the biggest financial crisis happened under central
14:35
banking? Why was the thing?
14:37
Why was the establishment of the federal income taxed established
14:41
the same year as the Federal Reserve 1913?
14:45
Why is that a thing? Like, why is people?
14:47
And and then again, it comes to this idea of like, yeah, like
14:51
we, we somehow like we need to and the SIOP is crazy, right?
14:58
We need to pay a percentage of our income to Washington, DC in
15:03
order for the for the country to, you know, run itself.
15:07
Like that is absurd. And then not to mention the fact
15:10
that they can't help but to spend more than they collect in
15:14
tax revenue, which is, of course, is through currency
15:17
debasement. And they don't talk about what
15:19
the unintended consequences of that is, right?
15:23
So these are all very important questions.
15:25
Once you take the Bitcoin, once you take the orange pill, you
15:28
inevitably will ask all these questions, what is money?
15:32
Why do I need to use? Why are you forcing me to use
15:34
this? Why is this stealing from me?
15:37
And again, I don't think they have a good answer to that.
15:40
I think that they've been riding on the fact that the populace is
15:43
uninformed. They're riding on the fact that
15:46
people weren't armed with the power of the Internet, which
15:50
allows them to do their own research.
15:52
It allows them to consume the media they want to consume.
15:55
There's not just a handful of captured media sources anymore.
15:58
So there's this great awakening that's happening, but we have to
16:02
remain vigilant. You guys are the vanguard of
16:05
this revolution. You guys have to keep in mind
16:08
that it's not left versus right. It is green versus orange.
16:11
We are at war with the party of orange.
16:14
We are sorry, the party of green.
16:15
We are at war with the party of Fiat, the party of slavery, the
16:20
party of central banking, the party of central planning.
16:24
And that's what we want to. That's what we want to take
16:25
down. We want to take them down, but
16:27
we don't. We want to do it peacefully.
16:29
This is a peaceful revolution. After all.
16:31
All we got to do is win over the hearts and minds of individuals
16:34
and again ask get them to ask a very fundamental, but very basic
16:39
question. What is money?
16:41
That's it. That's all you got to do and
16:43
then Bitcoin will do the rest Bitcoins incentives anyways.
16:46
Opti, I mean, bro, we're we're making progress.
16:49
Bitcoin more than 10 XS and then the amount of representatives
16:53
that want to end the central bank is 10X ING as well.
16:56
I mean, dude, if I was a central planner, if I was Christine
16:59
Lagarde, dude, I would not be sleeping well.
17:03
Yeah, I mean, look, I think Thomas Massey said something
17:07
very important that I don't hear a lot coming out from
17:10
politicians and probably not even from bitcoiners themselves.
17:13
Is is the quote where he said like, we can't assume everyone
17:16
knows what money is. And I, I try to explain this a
17:19
lot of times on the show as well.
17:20
It's like we are so far down the rabbit hole that we assume
17:23
everyone knows what we know and we really got it.
17:26
Always go back to the basics here and like explain the very
17:29
simple things of like what is money?
17:31
How does the banking system work?
17:33
But do it in a way where like their eyes don't gloss over.
17:35
So I'm glad that the Bitcoin standard is making rounds
17:39
because I think once anyone reads it, they start to open up
17:42
to a whole new vein, a whole new perspective on what is actually
17:45
happening in the world. And to the point that you kind
17:48
of stress and Thomas Massie said himself, you know, there's two
17:51
dozen Co sponsors on on that bill, which I think it's very
17:55
interesting that other politicians want to end the Fed
17:57
as well, considering that most people would probably believe
18:02
that the powers that be is like one monolithic entity and
18:06
they're all in this together to steal from us.
18:09
I think there's some hope that there are some politicians out
18:11
there that that really do want to do good.
18:14
And they're probably just like beholden to interests that are
18:18
outside or rather in the background.
18:20
You know, we we being nice outside of their control.
18:23
But there's a lot of things going on in the world that are
18:26
playing out in the background that we don't really see
18:29
publicly. And it all has to go back to
18:31
what we say here every single day on the show.
18:33
Like it always goes back to the money.
18:35
The money is broken. Hence why we always say that
18:37
Bitcoin fixes this. And if you get to the root
18:39
problem of the situation, which is the money, then you start to
18:43
unravel the crazy stuff going on in the world.
18:45
So I think it is hopeful that the Bitcoin message is
18:49
spreading. And of course, it's becoming the
18:51
defining conversation right now. And everyone and their mother
18:55
will not be able to avoid this. So it is working.
18:58
We are on the front lines. I don't want to say we're
19:01
winning, but it feels like we're winning.
19:04
Absolutely. Justin, what's your thoughts?
19:05
Justin, what's your take on this?
19:08
My take is it's raining and I went and got some of the rain.
19:11
I love it. So yeah, guys, absolutely.
19:16
I think I'd be really interested to know, you know, I went with
19:19
Dennis Porter and Satoshi Action Fund to hand out books, the
19:23
Bitcoin standard and a couple others 2 January's ago.
19:29
And so I think like that I can't help but think that he didn't
19:34
want to read the actual book when he got it on audio.
19:35
His staff gave it to him on audio and that's perfect.
19:38
And then he listened to it and like, that's how it goes.
19:40
That's how it starts. But you're absolutely, I mean,
19:43
Bitcoiners, we know this, it's the money.
19:46
And I was on his faces. I just popped in because, you
19:49
know, I'm down here, I'm new. I know the hostel staff, I know
19:52
most of the security guards and those guys.
19:57
I went on this basis because, you know, I'm sort of here and
20:00
talk to people and it was about like Israel, Palestine.
20:04
But then there's this guy, Truth Teller, and he was just going
20:06
like. Back to the beginning of time
20:08
and then all the way up to end the Federal Reserve and you
20:10
know, Magna Carta and property rights and you know, again,
20:13
Israel, Palestine, like confiscation of, of land and you
20:18
know, whatever. And so then I went up and I
20:21
said, you know, I and Maz, I was on her spaces a while ago and I
20:25
said Bitcoin a couple times and she got frustrated and I went up
20:28
and I said, all right, well, I won't, I won't use the words
20:30
like no, go ahead. And I was like, no, I'm going to
20:32
talk about it without using the word B, the B word and, and I
20:36
did and you know, like a few 100 people in the space.
20:39
And as like guys, money's a technology transfer value
20:43
through space and time space with your, with other people
20:46
solving the coincidence at once time with yourself for your
20:51
future, your monetary energy, like Michael Saylor says.
20:53
And you know, I just said some stuff for like, I don't know, 5
20:58
minutes and then I went back down and they like, it's like I
21:02
never existed. They just went right back to
21:05
talking about religion and get the money changers out of the
21:08
temple Guys. Hello.
21:11
Who are the money changers? And it's, it's wild.
21:14
Like I was trying to be as obvious as possible with the
21:19
solution. Like Nico, you say, this guy,
21:22
truth teller, he's very good at knowing all the problems.
21:25
And we all know the problems. And at least I mean, that's the
21:27
start, right? People are becoming aware of
21:29
like, OK, well, what is inflation, right?
21:31
It means I'm losing person power.
21:33
But it's like, guys, there's a solution and it's not hard.
21:36
And then there was this guy who's like, well, like, you
21:38
know, he went a little wild and he said some stuff and everybody
21:41
kind of freaked out about like violence.
21:43
And then there was another thing I put, I was like, you guys,
21:46
Bitcoin's a peaceful revolution. Like your shirts, that's a Noah.
21:49
Where's he at? But yeah, they just, they told
21:53
it's like no one was listening or they ha ha Bitcoin.
21:58
It's wild. And so, you know, I think it's
22:01
one of the reasons I'm so excited to be down here is
22:03
because it's so different guys, because you can talk to about
22:09
Bitcoin to anybody and a lot of people don't know and people
22:14
might have thoughts about Buchelli and this and that and
22:17
like, you know, government mandating.
22:20
No, he didn't mandate anything like I can pay for my hotel room
22:23
at this Hyatt Centric in San Salvador, but there's you can't
22:27
use Bitcoin and almost all the gas stations all like people
22:31
have the choice to not use it and they aren't, but they're
22:35
willing to listen. And so I had asked the security
22:38
guards for two minutes at a time and download WADA Satoshi and
22:40
then I give them a tip for their service for my security and it's
22:46
awesome. And so, yeah, I mean, it's it,
22:48
it is not about red versus blue, it's about green versus orange.
22:51
But it does matter who the leader is.
22:55
And if we have two octogenarians, you know, like
22:58
that's stupid. Get a leader's a little essay,
23:02
you know, See what happens. Absolutely.
23:05
All right everybody, before we move on to the new segment, I do
23:08
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24:33
All right everybody, let's head to news.
24:35
Lots to talk about. The Daily News.
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For more information. All right, everybody, let's talk
26:07
about this man, the Chad sailor dropping absolute fire at the
26:12
BTC Prague conference. And the name of his presentation
26:16
was 21. Let me it was.
26:19
It was. 21 lessons. Or 21 rules, 21 rules for for
26:24
navigating Bitcoin. And he dropped a lot of stuff in
26:27
this presentation. Now before I get to the absurd
26:32
number, which is like this $8 million number, some were saying
26:37
basically 70 million, which is fucking insane completely
26:42
completely outside of the Overton window in the eyes of
26:45
bitcoiners, right? The general like comment and
26:48
thing that I always get is like, let's get to 100K first.
26:51
And I completely agree. By the way, if you guys are
26:53
enjoying the show so far, make sure to smash that like button
26:56
help us break 100 likes on the live show within the first 30
27:01
minutes really tells the YouTube algos to push it forward.
27:04
If you're watching us on Rumble and on X also make sure to smash
27:07
that like button, share the video, help us push the orange
27:11
signal forward. Anyways, before I get to all
27:13
that, we have to, if you want to take a look at what's going to
27:16
happen in the future, it's probably a good idea to take a
27:18
look at what happened in the past.
27:20
So first I'm going to start off with this.
27:22
This is Pete Russo, huge fan, works at Bitcoin magazine.
27:26
I think he does some writing for Forbes and Kraken as well.
27:29
He's the editor at large and he calls himself and I would agree
27:33
with him. He is the Bitcoin historian.
27:36
So he kind of goes back in time and he shows you little things
27:40
that have happened throughout Bitcoin's history.
27:42
And it's really important to remember.
27:44
Like if Michael Saylor came out of the blue and he just said
27:48
this is going to happen with Bitcoin, you'd have to take a
27:52
look at his track record for predicting these types of
27:56
events. So first, here is a video of
28:00
Michael Saylor explaining why Apple's iPhone was revolutionary
28:04
exactly 11 years ago. So this was before we had this.
28:09
This was like when the first iPhone was released and it was
28:15
like kind of, you know, it was it did, it was, it had limited
28:19
functionality, had limited thing.
28:21
But Michael Saylor was a visionary to explain that it was
28:24
going to completely change the world.
28:26
Now, back then, if you guys remember, the BlackBerry was all
28:30
the buzz, the BlackBerry with the keyboard.
28:32
No one thought that a touchscreen phone that allowed
28:36
you to browse the Internet, allowed you to go on YouTube,
28:39
allowed you to use Google Maps in a seamless way and a human
28:42
friendly way that was never going to take on like I, I
28:46
remember, I remember that I was, I'm old enough to remember that
28:49
type of stuff. So it's important.
28:51
You have to look at his logic back then just to compare
28:56
because essentially he's doing the same thing.
28:58
He's prophesizing. He's predicting a lot of these
29:01
things are going to happen with Bitcoin.
29:03
He did the exact same thing with the iPhone and the smartphone
29:08
revolution, which completely changed the world, right?
29:11
Everyone's plugged in now. You know, this wasn't a thing 15
29:15
years ago. You had BlackBerry, but that was
29:18
like BlackBerry Messenger. That was the thing.
29:20
Now your iPhone or your, your smartphone, your Android device,
29:23
it literally does everything. You want food delivered to your
29:26
house. You want an Uber to pick you up
29:28
You want directions, You have a question ChatGPT it it also
29:32
functions as a Bitcoin wallet. Everything and anything your
29:34
smartphone does, it's like a computer in your hand right?
29:37
So anyways, let's check out this video.
29:40
Look, I mean, Apple Computer was like worth 3 billion twelve
29:43
years ago and then went to 600 billion.
29:45
If you ask me, Apple Computer's going to $2000 a share, right?
29:48
I mean, I'd be very, very long in that company.
29:50
Whoever's selling that stock must be a moron, right?
29:53
I mean, this, this is a company that's going to actually have 4
29:56
billion devices out there. If they roll them over once
29:59
every four years, they're going to sell a billion devices a
30:01
year. And, and the thing that people
30:03
they don't get right, you either get it.
30:05
You don't get it. I'm going to come back to your
30:07
PC question. I don't know a lot about PCs.
30:09
I bought 10,020 thousand PCs in my life.
30:12
I got 3000 sitting underneath my desks.
30:15
You put a Dell computer underneath the desk.
30:17
You don't care that it's loud and and it's hot and it's a
30:22
power hog and it's ugly and it's heavy and it's like an ugly
30:27
beige cabinet with screws showing.
30:30
You don't give a crap. You just want it to be $400.00
30:32
or $500. OK?
30:34
You put a phone in your pocket and you sleep on it or next to
30:37
it. You care whether it's hot.
30:39
You care what it looks like. You care the the battery life.
30:41
You care about the radio. This is an iPhone 5.
30:44
This runs 10 times faster than an iPhone 4.
30:47
There's not an 8 year old on the planet that doesn't want an
30:49
iPhone 5, right? Who wants to wait 42 seconds to
30:54
watch something download instead of two seconds?
30:57
Nobody, right? You don't have to be a genius to
30:59
run Apple Computer. You just have to, every year and
31:02
make the product a bit lighter, a bit more elegant, make it a
31:05
better radio, make it a better battery.
31:07
And then I sat with, you know, one of the 10 richest guys in
31:11
the world for dinner three nights ago, five nights ago, and
31:16
we had dinner for four hours and he didn't have to talk, you
31:18
know, I didn't have to talking and at one.
31:21
And he's much more successful than I am.
31:24
I understand that, by the way. As I said, it's like it's, you
31:27
know, sometimes you got to do other things than just have
31:29
opinions to make money, right? There's a lot of execution
31:32
involved in the rest. But I have opinions.
31:34
So. So he said to me, you know,
31:39
Apple Computer, can these guys hold their prices?
31:42
You know, aren't, you know, aren't they going to follow the
31:44
model of the PC industry? Aren't their prices going to
31:47
taper down? Their 40% margins can become 30
31:49
and 35 and 20. And it's another example of
31:51
people just know enough to hurt themselves, right?
31:54
If you're going to know a subject, you better know the
31:56
subject because because being like a, you know, dilettante and
32:00
knowing. So, OK, he got that absolutely
32:05
right, completely right. Like the smartphone completely
32:09
revolutionized everything. And specifically it was Apple.
32:13
First time they announced the iPhone, Steve Jobs, that whole
32:17
thing. I remember I did not buy the
32:20
first iPhone. I think I bought like iPhone 5
32:24
where I was like, OK, you know, this thing is awesome, right?
32:27
And of course, you know, that led Android to be a competitor.
32:31
Windows never got on the, you know, on the smartphone thing,
32:36
and now everyone either has an iPhone or they have an Android.
32:39
He nailed that, right? If you had money invested in
32:42
Apple before they announced the iPhone, and then when they
32:46
announced it or whatever, you would have made an absolute
32:48
killing, right? So he nailed this.
32:51
And this is the same man that's telling you what his thought
32:54
lot, what his thought process is.
32:56
So this leads me to the next thing, which is all your models
32:59
will be destroyed. Sailor on stage predicted he
33:01
believes a 24%. And when they're talking about
33:07
cigars, CAGAR basically means like compound interest and for
33:12
Bitcoin in the next 10 years is extremely conservative.
33:15
That would be 600,000 by 2034 when Godzilla comes to the
33:19
playground, your model of what wins the game are irrelevant.
33:24
Now I know I know what a lot of you guys are thinking like you
33:27
know, it seems seems kind of bearish 600,000 by 2034.
33:30
I would agree. But anyways, that's the
33:33
conservative part. Anyways, this goes on to say
33:37
Sailor claims for digital capital has the potential to be
33:40
half of everything in the world where we where we are yet to
33:44
imagine. And the reason I played for you
33:47
guys, this video in the beginning is kind of give you an
33:49
idea of when he was making this prediction.
33:53
You have to understand that the iPhone was not a thing, like it
33:57
was not it was it like what you guys take for granted today on
34:02
what your smartphone could do that wasn't even considered.
34:06
That wasn't even a possibility, right?
34:09
So it's important to remember that it's very hard to think
34:13
into the of what the future would be like because
34:16
essentially it's like trying to go back to the 1990s or the
34:19
early 2000s and say, hey, you know what, in 20 years, we're
34:23
all going to be talking simultaneously through to each
34:26
other via Zoom or we're actually going to be making shows our
34:30
self uploading them or like we're going to be the content
34:33
creator yourself is not going to be, it's so inconceivable.
34:37
So to think that in 10 years, again, it's going to be
34:39
completely inconceivable of the things that Bitcoin is going to
34:42
allow individuals all over the world to do anyways.
34:46
He goes on to say he said this will drive up by 1000 percent,
34:50
1000 times, which is $70 million per Bitcoin in today's dollars.
34:55
Now, sounds a little bit absurd, definitely outside the Overton
34:59
window, overly bullish. So let's look at the short term.
35:05
Here's Fred Krueger, huge fan of the Bitcoin power law.
35:09
We had Giovanni on the show the other day and he had some
35:13
thoughts in relation to Michael Saylor talking about his $8
35:16
million prediction. We played you guys the video.
35:19
It's kind of like a like a cut up produced video of a part of
35:23
his speech where he mentions the $8 million per Bitcoin.
35:27
And here's Fred Krueger and he says you can definitely model
35:29
Godzilla. He has been stomping around for
35:31
15 years. Bitcoin will grow at 24%.
35:35
Compound increase is in fact a rough model.
35:38
The actual data says the following.
35:40
The compound growth is closer to 44%.
35:44
The compound growth is on the path to to decrease 34% to to
35:48
34% within decade and 24% within 2.
35:52
The volatility is about .3 in log space.
35:56
So I did some of that math. Let's start off with $65,000
36:01
Bitcoin. This is a compound interest
36:03
calculator by the way. Let's add the six years until
36:07
the end of the decade. Let's introduce the estimated
36:11
interest rate according to Mr. Krueger.
36:16
And if you do the calculation that gives you a half $1,000,000
36:20
Bitcoin by the end of 2030, which is online with a with a
36:24
lot of people are predicting. Now here's where things get
36:27
absolutely crazy. This is where things get
36:30
absolutely insane. And I think this is the power of
36:32
of compounding. So let's talk about the next
36:35
decade like the 2030, right? So Fred Krueger here estimates
36:40
that after the end of the decade, the model is going to
36:43
decrease to 34%. OK, so let's start off with
36:47
let's assume that Bitcoin will be 582,000 by the end of the
36:51
decade. Now let's add the next decade,
36:54
the next 10 years. So 2030 till 2040.
36:57
Let's estimate the interest rate.
37:00
Let's add a very variance rate of 10, which will allow us to
37:04
incorporate the decrease to 24%. And let's do the math and it
37:12
leaves us with a $10 million Bitcoin 10 point ten 10,800,000
37:19
by 2040. Now let's do the year the, the
37:24
decade after, like he said, and 24% within two decades.
37:30
So let's make the next assumption.
37:32
But let's take a conservative approach, right?
37:35
Because it's important to be conservative of all this.
37:38
Let's just say that it actually wasn't a 34% increase.
37:42
Let's just say it was just a 5 million percent increase, right?
37:46
And now let's introduce the 24 percent expected compound
37:51
interest rate for Bitcoin in two decades.
37:53
So the year 2020, two 25 years basically, so 20/20/50.
38:01
And let's have that conversation.
38:04
So let's assume that it's $5,000,000 per Bitcoin.
38:08
Let's do an inch, let's do a length of time of another 10
38:10
years. Let's do an estimated interest
38:13
rate of 24. And if we do the math, this is
38:16
where things get absolutely nuts, right?
38:19
So when he, when we're hearing these types of things, the $70
38:23
million mark and you actually run the numbers with the most
38:27
conservative estimates, doesn't sound so fucking crazy anymore.
38:32
It just takes a lot of time, right?
38:35
So I mean, it's absolutely crazy.
38:37
It's absolutely insane. And by the way, I would say that
38:40
this is in today's dollars, which is absolutely incredibly
38:44
bullish. Anyways, Opti, what's your take
38:46
on all this brother? Yeah, well, first and foremost,
38:50
I just love seeing Sailor being absolutely stupidly bullish on
38:54
Apple as well. You just love to see it.
38:56
It's just like in his nature, it's like we're we're we're the
39:00
same people. I love it.
39:01
I absolutely love it. And also like one thing that
39:04
that kind of hit me while you were saying that, like it's
39:07
crazy how long the iPhone has been like a part of modern life.
39:12
And it's really like a short time frame when you really look
39:15
backwards and how inseparable it is with like the modern world.
39:18
You know, I know there's like a movement right now of everyone
39:21
trying to go to like, like flip flops because of all the
39:24
surveillance and the iPhone, it's like they're, you know,
39:27
they're tracking all of our data and we're all like, man, maybe
39:30
we got to go move back from smartphones.
39:32
But remember, we have a supercomputer in our pockets.
39:35
And for better or worse, like I love the iPhone.
39:37
It worked. It does everything I need to do.
39:39
It's beautiful. You know, I watch videos, I
39:41
communicate with my family. Like it's great.
39:43
I absolutely love having a supercomputer in my pocket.
39:46
And this is where Bitcoin is going like right now, probably.
39:50
I'm sure if you can, for the people out there, if you map out
39:55
how long the iPhone was out and how long the Apple stock was
39:59
out, I'm sure you can find some connections and correlations in
40:01
this. And like, Bitcoin's still early.
40:04
We're still so early. And there was one thing that
40:06
Sailor said I really enjoyed in that clip.
40:08
It was the meme of like. Most people know enough to hurt
40:11
themselves. And I think that's a perfect, a
40:13
perfect meme or a perfect example of, of people's quote UN
40:16
quote understanding of Bitcoin because most people think they
40:19
know what Bitcoin is. You know, it's a speculation.
40:22
You're just gambling like you're in it for the Fiat, bro.
40:24
And then once they really dive into the the weeds of Bitcoin
40:28
and what it does, they start to realize how big Bitcoin actually
40:32
is. And it kind of reverts back to
40:33
what Thomas Massie was saying in that first clip where once he
40:36
understood the Bitcoin standard, he's like, oh, wow, this is this
40:40
is huge. This Bitcoin thing is huge.
40:41
Like someone said in the chat, like, I don't know if you know,
40:43
but this Bitcoin thing is kind of a big deal.
40:46
And this is where we're going. Bitcoin's going to fundamentally
40:49
change the fabric of society and we're all here for it.
40:52
So I absolutely love it. And then on the 8 million price
40:56
prediction, like I just love the 8 million price prediction with
40:59
no time frame. Like that's a legit speculation.
41:01
Like I absolutely love it. But wait, hold on a second.
41:05
Hold your thought. No, no, no.
41:07
So, OK, so according to this by the end of 2040.
41:12
OK, OK, OK, OK. By the.
41:14
End of 2040, if Bitcoin does a 24% compound growth, it's about
41:20
5 million at the end of 2040. By 2040, if it does a 34%
41:26
compound growth, it's a 10,800,000.
41:29
Okay, love it. Okay, so there was a time frame.
41:31
I absolutely love it, so I take that back, but I'm a simple man.
41:34
I still revert back to how Finney's bullish prediction of
41:37
10 Mail and I'm glad we've got some maths there.
41:40
Of course, no one knows where the price of Bitcoin is going.
41:43
Infinity divided by 21 million. All we know is that the price is
41:47
going to go up. It's going to continue to go up.
41:50
And but we're human and of course we like models.
41:52
We like to map out where this is going.
41:55
So I always think that this stuff is probably good for
41:57
people to wrap their head around how big of a deal Bitcoin
42:01
actually is. But hey, all I know is I'm
42:04
stacking Bitcoin. Yeah, exactly.
42:06
And then, and then I'll say this, right, because I know what
42:08
a lot of you guys are going to be in the chat.
42:10
And it's important to remember, remember, right, that this we
42:13
have to look at the past just like we looked at what was
42:16
happening with Michael Saylor to take it to have an idea of what
42:19
is going to happen in the future, right?
42:22
So you have two videos that I played for you guys.
42:25
This is the guy making the $8 million prediction.
42:29
He was completely right about Apple.
42:31
And when you hear these absolutely absurd numbers that
42:34
are just completely unbelievable, it's important to
42:38
look at the past. If you knew that Bitcoin was
42:42
going to go to 71,072 thousand, you know, a decade later when
42:48
the price of Bitcoin was $100, what would you would have done?
42:52
What would you would have done? You would have you would have
42:54
done everything in your power to stack as much Bitcoin as
42:58
possible. So here's one of the early
43:00
videos of a Bitcoiners celebrating Bitcoin passing
43:05
$100. History be made.
43:09
Bitcoin is now up to $111. It's an all time high and it's
43:16
continuing to rise. I've seen it break three times
43:19
today, went up to 110, and this is the highest that it's been.
43:22
It's ridiculous. Last trade 189 Bitcoin for $111.
43:32
You hear that? That is crazy, dude.
43:36
That is crazy. So it's important you you should
43:40
look at the past if you want to take a look at what's going to
43:42
happen in the future. Sailor has a great he has a
43:46
great, great track record. And so does, you know, take a
43:52
look at this video. And I'm positive that this is
43:55
going to happen in the future. People are going to take a look
43:57
like, dude, remember when Bitcoin was at 70K when this
44:01
thing is at a couple $1,000,000 a coin and you'll be like, dude,
44:04
I had an opportunity to buy AT70K, but I thought it was too
44:07
much. So anyways, that's where I'm
44:09
going to start Monday just to kind of give you guys something
44:12
to think about, give you guys a little bit of hope.
44:16
Seems like our friend over here interested.
44:19
What are you doing? He's a little bit busy.
44:21
So we're going to move on to the culture segment.
44:23
Hey, whoa. Whoa, whoa, where'd you guys go?
44:27
What's your thoughts on this bro?
44:30
Yeah, I can't remember Go. So we're gonna move on to the
44:34
segment. I do want to, I do want to give
44:37
a shout out to, of of course, our friends over at Orange
44:40
Palap. Guys, this is the Bitcoin social
44:43
layer Stack friends who stack stats join the 10,826 Bitcoiners
44:49
that are currently on the app. It's a great resource for you to
44:53
connect with Bitcoiners if you're currently travelling, if
44:56
you're on the move and you don't know any bitcoiners near you,
44:59
the Orange Palaf has a really cool geographical feature that
45:02
it will show you the bitcoiners that are near you.
45:06
Also has a very clever filtration system.
45:08
So you only find like minded, fellow minded people that are on
45:13
the app and it's one of the best ways to reach me directly.
45:16
This is the best way to send me Adm and I take the time to
45:20
answer back each and every one of you guys.
45:22
So get started download the Orange Pill app today, scan the
45:26
QR code or check the link in the video slash podcast description.
45:29
All right, everybody, let's hit the culture.
45:31
Let's do this. The daily culture I just.
45:42
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46:31
description. Opti.
46:33
Yeah, let's go. All right, Justin, let me let me
46:37
get this going. All right, so you've been on a
46:38
crusade recently on Twitter. You, well, I forget what your
46:43
official, what you've been doing at Bitcoin mining, senior or
46:46
strategic Bitcoin mining. And I know the last couple of
46:49
weeks you've been going really hard on solar and wind and
46:52
batteries and really emphasizing the use of nuclear power.
46:57
So let's just tee you up there, bro.
46:59
What's what? What do you want to get off your
47:01
chest in regards to solar, wind and green Bitcoin mining?
47:06
Yeah, All right. Plebs supporting plebs, guys,
47:09
it's important, it's fun, and it's worth your time.
47:17
Oh, OK, yeah, so shit coins. And yeah, I've been going at it
47:23
two weeks. No, I've been going at it for 17
47:27
years and solar, wind and battery are shit coins, just
47:34
like Cardano, Ethereum and blah, blah, blah.
47:38
And you don't have to take my word for it, you should, but you
47:41
don't have to. Take a look around California,
47:44
largest state, second largest state in solar capacity.
47:50
What's going to happen, guys? They're going to have probably
47:53
rolling blackouts or there's going to be a threat of rolling
47:56
blackouts. And the governor and the
47:57
utilities are going to tell people not to turn on their air
47:59
conditioning, not to charge their electric vehicles that
48:02
they were told to buy when it's 120° out.
48:06
Like just wait, it's going to be one of those two headlines.
48:08
Either they don't have the blackouts because people didn't
48:11
use their air conditioning or, and they have blackouts.
48:14
And then, you know, Texas is number one and they're only
48:17
saved because of Bitcoin mining. And they've been building out
48:22
some gas too. So the point is, take a look
48:25
around. We've been fixated emotionally
48:27
on solar. The engineers have not been in
48:30
charge. And I'll just wrap it up here.
48:32
Energy scarcity, gulag, that's ESG, wind, solar, battery,
48:38
create energy scarcity events. When people need energy the
48:41
most, that's critical weather events, heat waves or polar
48:46
vortexes. There's no capacity from solar,
48:50
wind and battery. After 20 years of fixating on
48:54
it, we've added zero capacity to the system.
48:56
And again, don't take my word for it.
48:59
Ask the Bitcoin miners that are trying to plug in.
49:01
What do they hear from utilities?
49:04
I talked to utility executives. They hear every utility's
49:07
capacity constrained. They don't have capacity.
49:11
That's why Amazon's going to like Amazon, Facebook, Apple,
49:13
Microsoft, Google, hopefully Hulu, all those companies, Fab
49:17
7, they're going to be the ones to break us out of this hypnosis
49:21
because they're done. They can't.
49:23
They want to build data centers. They're going to have to do it,
49:27
but there's no capacity. So they're going to have to do
49:29
it themselves. And that's great.
49:31
That's fine. Good, good.
49:33
Because the regulation, the cantillion effect, the bullshit
49:37
with solar, wind and battery, it's not.
49:39
I don't know if it's going to get broken another way.
49:41
That's why I'm here in El Salvador, because I don't have
49:43
to deal with that bullshit anymore.
49:44
I don't want to live that life of having to fight Elon Musk.
49:50
Can I say Elon Musk? You know, I don't have to fight
49:52
Elon Musk anymore with this crap.
49:53
Solar, wind and battery. We're going to build nuclear,
49:57
geothermal, and then we're going to balance the grid with Bitcoin
49:59
mining. It's a resource, an electric
50:04
resource. It's just the technology.
50:06
Bitcoin mining is just like Bitcoin as a monetary system is
50:10
a technology. Mining is a piece of It's going
50:14
to be a piece of infrastructure on the grid.
50:16
OK, And you want to listen to my spaces?
50:18
I'll go into it more deeply, but I want to talk about singing
50:21
karaoke. I've been doing it every night.
50:24
I'm going to be in a band. It's awesome and I'm going to
50:26
do. All right, man, it seems like we
50:28
lost our guest. But dude, I, I did want to get
50:32
to, I did want to get to an article actually to kind of go
50:36
to going back to what I was saying during the during the
50:41
news segment, which is kind of like this idea of like, I think
50:44
a lot of us feel this way. And this is like a constant
50:46
theme that I keep hearing, right, which is I'm too late to
50:50
Bitcoin. These numbers are absolutely
50:52
insane. You know, $65,989, I'm too late.
50:57
And I think it's important to just connect the pieces.
51:00
And then I have this article to kind of put the cherry on the on
51:02
on top. So the first thing is you have
51:07
Michael Saylor, his track record of correctly predicting these
51:10
things. You have the examples of looking
51:12
back to the OG Bitcoiners Opti. I don't know if you saw that one
51:15
where it's like this guy that's like, I just it's too expensive
51:19
to buy Bitcoin at $1.42. And there was like Dieter Bob
51:22
that responded, is this guy alive?
51:24
And then the guy's like, I'm alive but dead inside.
51:27
So it's important to kind of look back in the past if you
51:30
kind of have want an idea of what things are going to be in
51:34
the future. So there's this article called
51:36
Tom by Tom Hosnik says the game theory behind trillion dollar
51:41
bitcoins before 20-30, which I think again is a little is a is
51:45
a lot, but I loved his theory. So, he says, every passing
51:48
moment contains unaccountable moving parts.
51:51
Physical objects interacting with one one another in space,
51:55
down to atoms and molecules bumping into one another
51:58
influence the weather and landscape of our environment in
52:02
complex ways that we've never been able to fully predict and
52:05
and with certainty. On top of that, living creatures
52:07
like us humans roam the earth, further altering our environment
52:11
by acting upon decisions we've made.
52:13
These decisions are produced by a brain with billions of neurons
52:16
and by preferences of a mind of a mind built with years of
52:20
memories and experiences. All this considered, it seems
52:22
impossible to predict the future.
52:25
Yet in order to live our lives, we must constantly make attempts
52:28
to predict the future. We do so oftenly, successfully,
52:32
by applying a framework of rules and assumptions.
52:35
You predict that if you go to the grocery store, you will be
52:38
able to trade for the food you desire.
52:40
You predict that if you travel there in a car, it'd be more
52:42
efficient than walking. You predict that if you sit in
52:45
the driver's seat, you will be able to start your car's motor.
52:49
You stop driving at red lights because you predict that there
52:51
will there could be severe consequences if you don't, and
52:54
because you predict that if you wait long enough, the light will
52:57
turn green anyways. The more that a framework can be
53:00
restricted by rules and reasonable assumptions, the less
53:03
variables will exist with the possibility of surprising you,
53:06
and the stronger you can make your predictions.
53:09
So it goes on to say if you know you're about to win.
53:13
Unless of course, a meteorks is down through the roof and
53:16
destroys the dining table and any number of other unlikely
53:20
events occur that didn't make sense to account for exchange by
53:23
surprise. This is the manner in which I
53:26
make the following claim. Quote This decade a trillion
53:29
dollars will be unable to buy Bitcoin.
53:32
I don't have a crystal ball and I can't predict the future with
53:34
100% certainty, but I can make a confident prediction within the
53:39
framework. So what are those rules?
53:41
Rules of the game. One, humans engage in purposeful
53:44
behavior. Choosing means that they believe
53:47
are best employed to satisfy their most preferred ends. 2A.
53:51
Persistently popular end is to save the value of one's
53:55
production for future purposes. Three, people who want to save
53:59
value for future purposes will choose means that they believe
54:02
are best employed to do this. Four bitcoins properties make it
54:06
the most useful means of saving value for future purposes.
54:10
Five people who want to save value for future purposes will
54:14
increasingly choose Bitcoin. It goes on to say, who's
54:17
interested in saving value for future purposes?
54:20
The answer is nearly all individuals and all groups.
54:23
Basically everyone. Because of Bitcoin supply of 21
54:26
million coins, everyone will end up competing with one another
54:29
for a portion of the scarcest savings tool in existence.
54:34
It goes on to say names out. What are those players, the
54:36
individual adopters, the individual deniers, the
54:40
individual ignorers, and the companies and NGOs?
54:43
And they're all competing A game of musical, musical chairs,
54:48
sovereign states, states without a national currency.
54:52
Now that we've discussed the covered, the game structure, the
54:54
players, and some potential strategies, let's discuss the
54:57
manner in which I expect it to end.
54:59
Will it be a gradual process of people casually taking seats in
55:03
the circle of Bitcoin chairs? Will the music slowly get
55:06
quieter over the course of years or even decades, allowing for
55:10
older generations who don't understand Bitcoin to be
55:12
replaced by younger generations who grew up in it?
55:15
Let's call this theory A. Or will it end with sheer panic?
55:19
The music suddenly stops, reality setting in and everyone
55:22
is sent scrambling, rushing and tripping over each other to put
55:26
ass to chair. This shall be theory B.
55:30
However, I believe theory A is is flawed.
55:32
Theory B prevailed. The mistake being made by
55:35
proponents of theory A is that they are failing to assign the
55:38
correct level of importance to the different player game.
55:41
Player game groups, specifically the individual ignores and
55:45
individual deniers, are basically irrelevant to the game
55:48
when compared to the sovereign states if the head of state in
55:51
Washington, Beijing Moscow, began to aggressively seat
55:55
themselves among the remaining chairs.
55:57
Bitcoin isn't going to wait for you to catch up, nor your
56:00
grandma, nor the charming old fellow a few doors down who
56:04
calls you for help to with operating his television.
56:08
Therefore, I believe the music stops as soon as a
56:11
geographically politically significant state begins
56:15
deploying such tactics. The impetus could be as simple
56:18
as a major oil producer demanding Bitcoin as payment for
56:21
access to its petroleum reserves rather than Fiat currencies hot
56:25
off the printing press. A fair trade, after all.
56:28
Scarcity for scarcity. The veil will be lifted, the
56:30
charade concluded, and that which has been seen cannot be
56:34
unseen. Quote No one wants your pieces
56:36
of paper. Sorry, The only rational
56:38
response. Oh crap, I don't have enough
56:40
Bitcoin. The ensuring chaos could be
56:42
frightening, perhaps amusing in retrospect.
56:45
The weakest Fiat currencies will be the first to fall at the
56:48
hands of magic Internet money, followed quickly by the stronger
56:51
Fiat currencies of governments assumed by nearly impotent
56:56
omnipotent. It's important to remember that
56:59
none of this is Bitcoins fault. Bitcoin itself won't be the root
57:02
cause of the chaos, it is merely it.
57:04
It will merely be exposing the root cause.
57:07
The underlying problem is that society has been scrapped, has
57:10
been scammed by decades by states issuing bad money.
57:14
Meanwhile, the situation surrounding Fiat currencies has
57:16
only grown more precarious. The US dollar, representing the
57:19
strong of Fiat currencies, has seen its M2 money supply double
57:23
in line with no one's expectations other than the
57:26
bankers who control it. US Federal Reserve has tripled.
57:29
The federal deficit has more than quadrupled.
57:32
It's not a fair fight, and the results reflected the value of
57:35
Bitcoin has surged 7500% as measured by the value of the
57:39
dollar. With each passing moment, the
57:41
likelihood of the music stopping increases.
57:44
While some Bitcoin advocates throw out predictions like
57:47
10/15/20 plus more years until Bitcoin is the dominant means of
57:51
savings value in the world, I find such suggestions nearly
57:55
inconceivable. I wouldn't be surprised if the
57:57
music stops this year, this month, this week, tomorrow,
58:00
today. I find myself sharing the music
58:03
concern of Cowits or Kraftwits. None of the big, none of my
58:08
fears in writing about Bitcoin is that my predictions will come
58:12
true before I could pub them. It seems that we're only one
58:15
small catalyst away from the world tumbling into a Bitcoin
58:19
standard. I find it difficult to imagine
58:21
it failing to occur before the end of the decade.
58:24
There are a number of theories from which we why which we saw
58:28
poor performance, which I don't get into it.
58:30
And of course, he's referencing the last last pull cycle.
58:34
If we use this historically bad result as a conservative
58:37
baseline for the next adoption fever, we would be looking at a
58:41
$300,000 Bitcoin and a total market cap of something like 7
58:44
trillion, more than the double, more than double the value of
58:47
Apple Microsoft. The point is, as Bitcoin grows,
58:51
it becomes harder to ignore, and the company, States and other
58:54
institutions that have haven't yet acknowledged the game will
58:57
be forced to do so. Some of these wealthy players
59:00
will panic and start taking their seats just in case.
59:03
If things don't spiral out of control in the next wave of
59:06
adoption, it's likely that we will see at least one more wave
59:09
this decade. Whether whether due to the 2028
59:12
having a secondary adoption fever of 20X would show us a
59:17
price tag of millions of dollars per Bitcoin.
59:19
Obviously the game would be over by then.
59:21
There is no rational scenario where the price of Bitcoin
59:24
casually hangs out at a 7 several $1,000,000.
59:27
The world will have caught on to the rules of the game at that
59:30
point. And when the price of Bitcoin
59:32
hits such all striking numbers, it would only be because it's
59:35
temporarily passing through them on its one way ticket to
59:39
Infinity. I mean dude, this article is
59:41
absolutely amazing. It talks about the, the, the
59:45
musical chairs that is Bitcoin. I think that's something that
59:48
people forget to understand, right?
59:50
There's it's Infinity divided by 21 million.
59:53
It's just a matter of time before people, people wake up to
59:56
the reality of Fiat is a scam holding Fiat, holding bonds.
1:00:02
It's a total scam. And I think it's just a matter
1:00:05
of time before larger institutions, more nation states
1:00:10
wake up to this reality. And again, it's a it causes a
1:00:13
domino effect. And the game theory is in place
1:00:16
and you're already starting to see that.
1:00:18
And I'll give you a couple of examples, guys.
1:00:20
So first, you have Donald Trump making making this part of his
1:00:25
campaign slogan over the weekend.
1:00:27
We'll get it to, we'll get to it.
1:00:29
During tomorrow's episode, you had President Biden and the
1:00:32
Biden administration trying to change tune and basically
1:00:36
signaling that, hey, they wanted to be part of the discussions as
1:00:40
it relates to Bitcoin, right? This is the game theory taking
1:00:43
place. You had a China do a 180 and
1:00:46
basically say, you know what, the US has an ETF.
1:00:49
We're going to use Hong Kong in order for us to launch an ETF.
1:00:54
You have the the so-called hash wars, the the thing that Max
1:00:58
Kaiser termed, right, which is you're going to have nation
1:01:00
states competing for the hash rate.
1:01:03
You had Donald Trump making it part of his campaign process.
1:01:05
And we want all the Bitcoin to be mined in the US.
1:01:08
You have the Kingdom of Bhutan, you have El Salvador, you have
1:01:11
Paraguay. You have all these states all
1:01:13
over the world saying we want to mine Bitcoin, right?
1:01:17
And then of course, you had another publicly traded company,
1:01:19
Selmer might Scientific following in the footsteps of
1:01:22
Michael Saylor realizing holy crap, that infinite money
1:01:25
glitch. We can use that in order to pump
1:01:29
our stock. We have Michael Saylor proving
1:01:32
that his Bitcoin strategy completely destroys everything
1:01:36
else, right? You have El Salvador making
1:01:38
Bitcoin legal tender. So my question to you is, what
1:01:41
do you think is going to happen? And I think that's essentially
1:01:43
what this article is making the case for, right?
1:01:46
You need one catalyst. What do you think is going to
1:01:48
happen if Apple or Facebook or one of these big tech companies
1:01:52
say, you know what, let's put some of our money into Bitcoin.
1:01:56
Now all of a sudden they have a competitive advantage versus
1:01:59
everyone else. And like that article pointed
1:02:01
out, it's a game of musical chairs because there's only 21
1:02:04
million Bitcoin and you can't inflate the supply.
1:02:07
So it creates the situation where there's not enough Bitcoin
1:02:11
to go around. And we've had multiple days over
1:02:14
the last couple of months where the amount of Bitcoin being
1:02:17
bought by the ETFs is like three or four times higher than the
1:02:22
amount of Bitcoin being produced on a daily basis.
1:02:25
So you're creating a perfect storm of supply shock, a perfect
1:02:30
situation where there will be a supply shock.
1:02:33
And what the fuck do you think is going to happen, man?
1:02:35
So I do, I spent so much time thinking about this over the
1:02:38
weekend, Opti, and it just made me so incredibly bullish because
1:02:42
I think it's so obvious, man. Like this is so obvious.
1:02:45
It's just a matter of like people kind of waking up and
1:02:48
realizing this, you know? Yeah, I mean 100%.
1:02:51
Look, I think what is most important to talk about is 8
1:02:56
billion people on planet Earth all have the same problem.
1:02:58
We have nothing to save our money in and all the quote UN
1:03:01
quote, you know, risk free assets, risk free investment
1:03:05
aren't as risk free as people would lead you on to believe.
1:03:08
Hence why we always say it is a gang game of hungry hippo.
1:03:12
You want to accumulate as much Bitcoin as possible because you
1:03:14
understand what's going on in the world.
1:03:16
If you understand that the money is broken, then there's no going
1:03:19
back to the Fiat system. And it kind of really goes back
1:03:21
to the very beginning of the show where we were talking,
1:03:25
talking about Thomas Massey listening to Bitcoin standard
1:03:28
and finally waking up to the problem of what is going on with
1:03:32
the money, what is actually happening in the world.
1:03:34
And once you realize that the money is broken, then you
1:03:38
understand that the game maybe is not just rigged against you,
1:03:42
but is just fundamentally broken at its core.
1:03:46
And maybe we need to play a new game.
1:03:47
Hence why you want to stack as much Bitcoin as possible.
1:03:50
You want to understand what's going on.
1:03:52
Explain to people that, hey, it might not be a ticking time or
1:03:56
it's a ticking time bomb that might not blow up tomorrow, but
1:04:00
it at some point there will be a transition.
1:04:03
There will be another financial crisis and you want to protect
1:04:05
yourself. You are on the Titanic right now
1:04:08
and Bitcoin is that escape. It is the safety belt.
1:04:11
And This is why we show up and do what we do so that we can
1:04:14
explain this to as many people as possible because we all have
1:04:17
the same problem. Our money is broken and you need
1:04:19
to find something to protect yourself with.
1:04:21
And of course, that is Bitcoin. Absolutely Amen to that.
1:04:25
All right everybody, that was the June 17th 2024 show.
1:04:29
Hopefully we can get our guest on just in a in a less shaky
1:04:34
environment with better connection.
1:04:36
But anyways, guys, if you enjoyed the show, you know what
1:04:38
to do Smash the like button. Consider subscribing if you feel
1:04:41
like we provided you value. We'll be back tomorrow for the
1:04:44
Tuesday show of simply Bitcoin live.
1:04:46
I'm your host Nico. It's my legendary Co host
1:04:48
Optimus Fields. We're simply Bitcoin live, and
1:04:50
we'll be back tomorrow. Also, stay tuned for Ruston's
1:04:53
originals dropping in hot. All right everybody, love you
1:04:56
all. See you on the next one.
1:04:59
Episode was brought to you by bitcoinwell.com on a mission to
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