Latest / Simply Bitcoin / RUSSIA JUST EXPOSED Americas SECRET Bitcoin Plan! | EP 1327

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RUSSIA JUST EXPOSED Americas SECRET Bitcoin Plan! | EP 1327 · Simply Bitcoin

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Russia just expose America's secret Bitcoin plan in the same
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week that two of Russia's closest neighbors both announced
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their plans to create a strategic Bitcoin reserve.
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Let's dive straight into this clip where Putin's special
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advisor dropped a bombshell and I will have to translate this
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for you guys. So I'm not going to just play
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the clip. I'm not here alone.
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Nico actually made it today. But I I do have the clip for you
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guys. It is in Russian.
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So I'm, you know, I'm, I'm going to read the subtitles here.
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This is apparently accurate information here, but I don't
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speak Russian. So if you do speak Russian, let
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us know if this is not the right take.
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Anyways, let me see. But the source is.
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The source is the. Source is official and I and I
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double checked the source. It came from Russia direct and
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then it came from forumvostok.ru.
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So it is it isn't it isn't this isn't AI is basically what I'm
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saying so here I'm going to play this.
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I will talk over this, so I'll put this a little quiet for you
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guys and let's see what they. So.
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The US is now trying to rewrite the rules of the gold and
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cryptocurrency markets. Remember, the size of their debt
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is 35 trillion. Well, it's actually 37 trillion.
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But these two sectors, crypto and gold, are essentially
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alternatives to the traditional global currency system.
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Washington's. Actions in this era area clearly
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highlight one of its main goals to urgently address the
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declining trust in the dollar. As in the 30s and the 70's, the
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US plans to solve its financial problems at the world's expense,
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this time by pushing everyone into the cold crypto cloud.
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Over time, once one of the US national debt is placed into
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stable coins, Washington will be value that debt.
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But simply, they have a $35 trillion currency debt.
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They'll move it into the crypto cloud, devalue it and start.
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From scratch. That's the.
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Reality for those who are so enthusiastic about crypto.
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So again, this is Putin's advisor, Kobiakov, I believe is
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how you say his name. And this is something that I've
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kind of been talking about here on the show for a long time, the
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Bitcoin dollar system. This is why what I've been
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explaining the last couple of weeks is the the real push from
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Washington into stable coins is exactly what is being exposed
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here. Now, if you're a Bitcoiner,
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maybe you're wondering like, what's this have to do?
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It's about stablecoins. Remember what we've heard around
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the rumor block for a minute. The reason we're seeing
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Washington push so hard into stablecoins is because of this
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very reason. And further, when they do push
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into stablecoins, this really just means that Bitcoin is going
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to go nuclear after this. And so there's a good graphic
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here, a meme. Wow, a meme for you guys here.
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This one's from Teford Digital and he goes Bitcoins,
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stablecoins, U.S., Treasuries, a powerful flywheels take in shape
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Bitcoin fuel stable coin growth. Stable coins boost US treasure
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U.S. Treasury demand and then
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stablecoins reinforce demand for Bitcoin as digital savings.
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And we're only at the beginning. Oh wait, I didn't pull it up.
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Sorry, guys. Here's the meme for you guys
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anyways, we've been talking about this for for a while now
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and there is a lot of information globally going on
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that people are in fact losing trust in the dollar.
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Yes, we've heard the monologue accords where they're
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essentially saying we want a strong dollar.
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In reality, they want low interest rates and they want to
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weaken the dollar's position so that the free money will flow.
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And This is why I believe, and I'm not alone here.
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I, I'm not the one to create this idea, but This is why I
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believe the Trump administration, Scott Besson,
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Donald Trump, everyone in the Trump administration like David
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Sacks, etcetera. This is why they are pushing the
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stable coin legislation. This is why the stable coin
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legislation went through 1st is because they actually think they
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can solve their debt problem through stablecoins.
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Obviously the way the financial system works right now is they
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need buyers of treasuries. The way stablecoins are so
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profitable is they basically buy treasury, short term treasury,
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and then they roll the profits into Bitcoin.
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Now if they need a buyer of treasuries and the only buyer
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that wants to buy it right now is stablecoins, then This is why
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they're trying to roll out the stablecoin legislation first is
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because they think they can essentially print their way out
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of this. They think they can devalue
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their debt and essentially pay pennies on the dollar in today's
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dollars on that debt. And this is where a lot of
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dumers would probably say this is the global monetary reset
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that we are seeing. And this is where probably the
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more conspiracy minded people are like digital currencies is
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the end all be all here. And This is why you don't want
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to buy Bitcoin in our reality, in our view, it's the opposite.
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The only way out of this is to buy Bitcoin again.
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If they destroy the currency, if they're trying to print their
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way out of debt, then they're going to basically flood the
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zone with a lot of liquidity, a lot of dollars, a lot of
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government debt. And then that's going to drive
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inflation up, which means the only things that are going to be
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of value is, of course, Bitcoin. Now, it is interesting that this
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is coming out of Russia. Of course, they are one of the
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global superpowers. I think they are either
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listening to Bitcoiners or they're doing their own
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independent research. But this is the game, guys.
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I've been saying this for weeks now.
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Other people have been saying this for years, like our boy
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Mark Goodwin. Mark Moss has been on this beat
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as well. I think this is the game being
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played. And if you're not paying
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attention, you're probably going to get blind.
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But if you're holding dollars right now, there's probably no
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hope for you moving forward. Now that's not to be a full
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doomer here cuz obviously all you have to do in my opinion and
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Nico's opinion and all the Bitcoiners opinion is just start
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saving in Bitcoin. So if you know that this is the
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game plan, they want to remember, Scott Besson said that
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stablecoin market's going to go to $100 trillion.
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Like they want to expand this sector so much because they need
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a buyer of treasuries. And with that, all of course,
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assets are going to go up. This is why I've heard and been
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kind of mentioning this idea that I think we're
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underestimating how high they want Bitcoin to run.
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And by they, I mean Trump and Scott Besson, they need Bitcoin
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to RIP so that they can in fact, basically squash $37 trillion of
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debt into the Bitcoin market cap.
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And this is this is what's going on.
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And if you're looking at all the numbers, and I will kind of, you
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know, connect this towards the end of the show, that there are
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a lot of problems in the system right now.
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There is a lot of uncertainty going on in the world.
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And we don't know what exactly is going to happen.
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But there has been a lot of calls from very influential
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investors, hedge fund managers, really smart people.
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The most famous, of course, is Ray Dalio and his whole debt
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crisis. He's been beating this drum.
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We are in a debt spiral right now.
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We are in a debt crisis. And if the US can't figure this
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out, it's going to get really bad for a lot of people.
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Now, do I think it's going to work out?
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I don't think so, because I don't think stablecoins are a
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solution for inflation. All they're going to do is
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essentially devalue their debt, pay it off.
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But if they print more money, this does not stop inflation.
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This is why we love Bitcoin. This is why the 21 million hard
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cap is so important. So look, we're not the only ones
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that have been talking about this now how it is happening and
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these conversations are happening at the nation state
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level. So this is the game guys.
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If you're not paying attention, you probably should be.
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They want to expand the stable coin market.
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They want to devalue their debt. The only way to really protect
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yourself is assets. We've seen gold run gold's at
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all time high. This is probably the strongest
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move we've seen since the great financial crisis and there is no
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demand for treasuries except for basically the stable coins and
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those people that are forced to buy treasuries.
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So there's really, in my opinion, only one thing you can
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do and that's of course just buy Bitcoin.
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Right now is the time to be, you know, protecting yourself,
8:16
saving in Bitcoin because this is not going to happen
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overnight, but this is what's happening.
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They are destroying your purchasing power in the dollar.
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They're destroying your savings. If you're holding the dollar,
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there is no returns in treasuries.
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So if you're one of those more investors and you're holding
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treasuries, you're probably panicking.
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And I have some data for you guys later in the show about a
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lot of selling going on in equities.
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Things are getting insane out there.
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But for us Bitcoiners, we're just kind of like, yeah, just
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stack Bitcoin and chill. You know, everything, all roads
8:50
lead to Bitcoin. This is this is OK.
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I still have you know, whatever my holdings are in Bitcoin
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divided by 21 million, I will have you know whatever
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percentage of my holdings are to that 21 million of the world
9:04
capital markets in the future. All I have to do is huddle this
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look, huddling isn't easy, but it's simple.
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You know what you need to do? You need to save in Bitcoin.
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You need to correctly store that Bitcoin and then you just don't
9:17
have to sell that Bitcoin guys. You know the playbook now.
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No longer is it just coming from Opti here on simply Bitcoin.
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No longer is it just coming from Bitcoin Twitter.
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This is the conversations happening, happening at the
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nation state level. This is the conversation going
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on. Or rather this should be the
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conversation that people are paying attention to.
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They want to destroy the dollar in, in purchasing terms, try to
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devalue their debt away through stable coins because they need a
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buyer of treasuries and that's going to make assets inflate or
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rather, you know, increase in value at an exponential level.
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Is this going to happen this year?
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I don't think so. But this is the game going on.
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I think this is what's going to be playing out over the next
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decade. So I found it super interesting
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that we have a Russian advisor of Putin saying exactly what
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we've been saying. This is the game, guys.
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It it, it can't be more obvious that this is the game that's
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happening right now. So whether you like stable coins
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or not, whether you believe that they're a stepping stone to
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Bitcoin or not, at this point it doesn't matter what we believe
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about it. All it matters is this is the
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plan that is in place that is happening, and we need to save
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Bitcoin. This is the only way to go from
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here. Yeah, absolutely.
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I think you, you put it beautifully, Opti.
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And what I'll what I'll add on that is, you know, this is
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something that we've been talking about for months now.
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And this is one of the other things that I just keep noticing
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this pattern, Opti. We've been doing this for many
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years together now at this point, you know, how long have
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we been saying this? Like months, right?
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And do you hear this on legacy media?
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No. Do you hear this, you know hear
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this on simply Bitcoin, right? We've been telling you guys like
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this is inevitable. This is why they embraced the
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genius act so fast. Preston was talking about it at
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Baltic Honey Badger. We've played you guys a clip and
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you know, now another nation state, which isn't exactly in
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the best, let's just say they see the United States as a
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competitor is saying, hey, listen, the reason they're
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embracing stable coins is they're going to use that to,
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you know, essentially propagate the dollar.
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And if they propagate the dollar, the US government can
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print more money and they're calling it out now.
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Just because you call it out and connect the dots like we have
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been for months now doesn't mean it's going to change, right?
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Because at the end of the day, like, you know, as much as
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Russia wants to, you know, complain and say, hey, like this
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is bad. At the end of the day, the
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market is, is, is determining this.
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Because as Bitcoiners, what we really wanted like half a decade
11:54
or so before this whole stablecoin thing happened, we,
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the theory of the case was like Bitcoin's better money.
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So in developing countries with double digit inflation, people
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are going to adopt Bitcoin. Like that was the theory, but as
12:07
free market maximalist, that's not what happened.
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Bitcoin has been adopted and is widely adopted.
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However, what you're seeing in developing countries is the most
12:17
is the adoption of the dollar through Tether.
12:19
Tether removes the necessity of having to go open a bank account
12:23
and go through that very long process, at least in the United
12:26
States. So it takes about an hour to do
12:27
that versus the onboarding experience of literally
12:31
downloading a wallet right now. This is a Bitcoin show after
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all. And I think the good news here
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is that we've that we've been making the case for many, many
12:41
months now, I think over a year that stable coins are
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essentially A Trojan horse for Bitcoin because it gets people
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exposed to non sovereign alternatives on a digital
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wallet. It's just one step away from
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them realizing what we've realized in the West, which is
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even the dollar is not that great of a currency because it's
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still devaluates your purchasing power.
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But if you're going from a much weaker Fiat currency to the
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dollar, it seems like you are upgrading and in a way you are
13:11
upgrading, but it still doesn't solve the problem of inflation.
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Now, you know, the geopolitical conversation about this is
13:18
fascinating, right? Again, you have one of the most
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powerful nation states on the world militarily specifically
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saying what we've been saying, which is crazy, right?
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And then also too, if you look at it from like a percentage
13:33
basis, you know, the United States owns the lion's share of
13:38
Bitcoin, like of the Bitcoin supply.
13:42
And if you look at the amount where the Bitcoin nodes are
13:44
being run, a lot of most of them, I would the not most of
13:48
them, but a lot of the, the, the country, the biggest majority is
13:52
the United States. So, you know, again, Russia
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could have, if Russia wants to get ahead of this.
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But again, I don't know if the government is willing to, you
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know, to take that type of leap. And I'm going to borrow from
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what Michael Saylor has said. He said it, he said in an
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interview, we've played you guys a clip many times.
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He said, like, look, the first country that uses their central
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bank to buy Bitcoin is going to win.
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So what does that mean? That means that first country
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that used the money printer to buy something that has absolute
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scarcity is going to win. That first country is going to
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have the advantage that Michael Saylor has in the traditional
14:32
financial markets. Michael Saylor's head start is
14:35
so big that it is inconceivable that a competing treasury
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company is going to catch up at this point.
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That's the advantage of first mover advantage.
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Now in the United States, despite, you know, and I got to
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give credit where credit is due, Dennis Porter's doing fantastic
14:54
progress on the state level. All these states are passing
14:57
legislation to make to to move forward a strategic Bitcoin
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reserve. And of course, the Bitcoin
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senator, Senator Cynthia Lummis were huge fans of her here at
15:06
Simply Bitcoin and she's done such she's she's had so much
15:11
significant progress of the strategic Bitcoin reserve bill
15:15
on the federal level. Despite all those efforts, it
15:17
still hasn't happened yet. That means that Russia can get
15:22
ahead of the curve technically, China can get ahead of the curve
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technically. Now will they?
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I don't think so. I think the US is going to be
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first, my opinion, and here's the thing, technically the
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United States isn't first because you have Bitcoin
15:35
country, you have El Salvador, right?
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They have a strategic Bitcoin reserve.
15:39
You have the Kingdom of Bhutan who has 1/3 of their GDP in
15:42
Bitcoin. They're mining Bitcoin to high
15:44
heaven. And you know, so there are
15:47
countries that have already moved forward with this
15:50
strategic Bitcoin reserve. I guess the way to frame it is
15:53
there isn't a, there hasn't been a powerful, there hasn't been a
15:59
country with a money printer with the strength of the Federal
16:05
Reserve that has gone in and started buying Bitcoin.
16:09
There hasn't been a country that does it.
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You could say the EU could do that.
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You could say Russia could technically do that.
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You could see that China could technically do that. the United
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States, of course, but none of those countries have done it,
16:20
including the US. Now, of course, we saw the
16:23
president's executive order in the beginning of the year.
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I think it's, I think it's been a, a very underwhelming, I think
16:29
he's, I think the Trump administration is dealing with a
16:32
lot of bureaucracy coming out of the Federal Reserve, like the
16:37
the Federal Reserve governor being asked to essentially step
16:41
down and she's kind of, you know, fighting back.
16:43
And now there's a lawsuit. One Federal Reserve governor
16:46
resigned earlier on in the year. So there's this like, kind of
16:51
like battle for the Fed. And if anyone doesn't remember
16:54
what was happening during Operation Choke, .2 Point OA,
16:57
lot of those policy decisions were coming straight out of the
17:00
Federal Reserve, right? So, yeah, I think there's a lot
17:04
of bureaucracy they're dealing with.
17:06
And then also to connect kind of connect dots together.
17:09
Bo Hines, who was really, you know, initiating the Strategic
17:14
Bitcoin Reserve, he resigned a couple weeks ago.
17:19
He's actually joined Tether, right?
17:21
Speaking of stable coins. And the way that me and Opti
17:26
kind of took that was we interpreted it as like, OK, I
17:30
think that this strategic Bitcoin Reserve initiative, I
17:33
think there, I think they want it to happen, but I think that
17:36
there's a lot of bureaucratic red tape that needs to be cut in
17:41
order for it to happen. And I don't think people realize
17:43
how much bureaucracy that is to the point that, look, there is
17:47
an executive order in the beginning of the year basically
17:51
asking the federal government for them to show how much
17:55
Bitcoin they have. We still don't know.
17:58
We still do have no idea what how much Bitcoin the United
18:01
States holds. We don't know yet.
18:04
We were speculating that the reason that they don't want to
18:06
show that is because it would indicate that they're buying
18:08
Bitcoin. We don't know that.
18:11
So let's see. But yes, I mean, I, I, I agree
18:15
with Saylor, like Max Keiser calls the global hash war.
18:21
I think eventually when push comes to shove, the first
18:24
country that starts using their money printer to buy Bitcoin is
18:28
going to have such a significant advantage that it's going to be
18:32
very difficult for any country, any other country to catch up.
18:38
So, you know, Russia can take action today, but I don't think
18:42
the action that's necessary is you identifying, yes, that is
18:47
what they're doing. But wouldn't you guys do the
18:49
exact same thing, right? Also, I do have a tweet I want
18:53
to show you guys I want to, I want to, I want to post up.
18:56
It's by Peter St. Onge.
18:58
He he's been making credios on X for a while.
19:01
I think he has a show or something, but he has some great
19:04
he does have a show and he he offers incredible commentary and
19:10
he's just reacting to this, how we just reacted to this.
19:14
He says put an advisor US will use gold and crypto to white out
19:17
wipe out its $35 trillion debt. Peter St.
19:21
Onge says he's about 85 years late.
19:23
FDR already wiped it out by severing the link with gold.
19:26
It's just numbers in a spreadsheet.
19:28
I think this is the signal here, though.
19:30
The only thing keeping it real is the Fed's reluctance to wipe
19:33
out depositors who vote. And you can interpret that in
19:38
many different ways, but I'll interpret that as a voting,
19:42
taxpaying American. Look, a lot of the lifestyle
19:51
that that Americans have the privilege to have comes from the
19:55
fact that the dollar is the world reserve currency, right?
20:00
You know the only difference between.
20:03
The Argentinian currency and the dollar is the fact that the
20:06
dollar is the world reserve currency.
20:07
That's the only difference. Because if it wasn't the world
20:09
reserve currency, the government would print to high heaven
20:12
because they can't help themselves.
20:13
And what do you think would happen?
20:16
A tremendous amount of inflation, right?
20:19
So, you know, I just think governments can't help
20:21
themselves. So like, like I think if the
20:25
Russian government was in a similar position where they had
20:27
the global reserve currency, I think they would do exactly the
20:30
same thing. But I think as an individual,
20:33
you're you're kind of watching, you know, these governments play
20:35
these Geo geopolitical games. What I would tell you guys is
20:38
like you, you no longer have to kind of go along with that
20:43
stuff. You do I think you do.
20:45
I think voting is still important.
20:46
I know Opti is not a big fan of the system and stuff.
20:50
I think voting is still important.
20:51
We did through voting is how we got Ross out of prison, right?
20:56
But I think fundamentally the most important vote you can make
21:00
is is buying Bitcoin and put into self custody.
21:03
And you know, that's really how you get out of the matrix.
21:06
That's really how you get out of the system itself.
21:08
Like that's really how you start to put your purchasing power,
21:12
your monetary energy, whatever your work into something that is
21:17
not only not going to inflate away, it's actually going to
21:20
increase in purchasing power over time, right.
21:22
So, yeah, I think this is massive.
21:26
But again, I think the signal to you guys is, you know, this is
21:32
just going to continue to propagate, right?
21:34
And the awesome part about this too, guys, is now the incentives
21:37
are aligned. Right now you have the president
21:39
of the United States. It's the 6th largest Bitcoin
21:44
treasury company, the Trump Media Group, I believe, if my
21:48
memory serves me correctly. That's where it's at right now.
21:53
That's a like you think that they don't want the price to go
21:57
ripped to 105100K either? Like you think So like the vice
22:01
president we know owns Bitcoin, RFK owns Bitcoin.
22:06
Scott Beston is talking positively about Bitcoin.
22:09
The president owns 50% of the six largest, you know, Bitcoin
22:13
treasury company. His sons are speaking at Bitcoin
22:16
conferences left and right. They own mining company.
22:19
And my answer to you is like, do you not?
22:21
Do you, do you not want do you not think that they want number
22:23
to go up either? Of course they want number to go
22:25
up, right? So the beauty about Bitcoin, we
22:27
always talk about this is alignment of incentives.
22:30
And I think you have an example here of alignment of incentives.
22:33
And now you have other countries kind of noticing that.
22:37
But again, for you as a Bitcoiner, you win.
22:40
And this actually reminds me of an article that Alex Gladstein
22:44
wrote a couple years back. I think he wrote it for Bitcoin
22:46
Magazine originally. But it was something along the
22:49
lines of, like, Bitcoin is a Trojan horse for freedom.
22:52
And it was basically making the case that initially governments
22:55
were gonna resist Bitcoin and the Bitcoin ecosystem because
23:00
it's essentially, you know, a currency outside the central
23:03
banking system. And but they but he was making
23:07
the case that eventually they wouldn't be able to resist
23:09
Bitcoin's incentives. And mind you, this article was
23:12
written way before this was this was written before Operation
23:15
Choke .2 point O right, like just to kind of give you an idea
23:18
of how long ago this article was written.
23:21
And so far, everything's been playing out exactly, exactly
23:24
like that. Like, you know, even the
23:27
governments just can't resist the incentives.
23:29
Governments just can't resist the technology.
23:31
They're going to try, mind you, they're going to try to benefit
23:35
from it without. And I love how Alex put it, He
23:39
says governments want number go up without FGU.
23:44
So they want NGU without FGU. So they want number go up
23:48
without freedom go up. But what they don't realize is
23:52
that number go up and freedom go up is inextricably linked,
23:57
right? So, yeah, man, this is cool.
24:00
I think this tells me that we're winning.
24:02
And also Opti, I mean, simply Bitcoin, tomorrow's Bitcoin use
24:07
today, bro. That's what?
24:08
What is that? That's like another one, Dave.
24:10
That's another one we predicted. Well, I just listened to the
24:13
right people. OK, you guys know I, I have AI
24:15
have a dropping IQ here, so I just know who to listen to.
24:18
But Nico, I do want to kind of push back on one thing.
24:22
A lot of Bitcoiners have been saying that once a money printer
24:26
gets turned on, then of course, it's like game over here for for
24:30
Bitcoin, or rather, once they turn the money printer on to buy
24:33
Bitcoin is when it's game over. But I think what this is showing
24:38
is that they don't actually have to directly print money to buy
24:41
Bitcoin. All they need to do is kind of
24:43
get into the private sector. And as long as they have a buyer
24:45
of treasuries, they're expanding the money supply.
24:48
And we're seeing that also play out in real time.
24:50
You know the Trump Media Group, they're all in invested in
24:52
Bitcoin. They have their own I don't know
24:54
what even world liberty financial is.
24:57
You see Bohind essentially leaving the the public sector
25:02
going into the private sector. So you're seeing that they don't
25:05
necessarily need to turn on the money money printer to directly
25:09
buy Bitcoin. All they need is a new Ave. or
25:12
rather a new buyer of treasuries here and they will continue to
25:17
expand the money supply. Just it's basically the same
25:20
thing. And so it's very interesting
25:22
that this will most likely keep the dollar going for a lot
25:26
longer than we expected. And once they actually do print
25:30
money to buy Bitcoin, then that's just a complete
25:32
capitulation that the dollar has any value.
25:35
So in the meantime, this is going to be their route around
25:38
of of admitting that the dollar has lost.
25:42
But that's that just means it's it's better for all of us.
25:44
We can acquire Bitcoin before we have to really battle a nation
25:47
state in the game of accumulation.
25:49
So I think it's going to take a little while before they turn on
25:52
the money printers to buy Bitcoin.
25:53
As long as they have a unlimited bid on treasuries, which they
25:58
have now. If this works, I don't think
26:01
it's going to clear out their debt, but it will kind of paper
26:04
over the problem. Yeah, I, I, I, I, I think it's
26:08
a, it's a great way to like continuing to kick the, you
26:11
know, the expression kick the kicking the can down the road.
26:14
I think with stable coins, it's like another Ave. to to continue
26:17
doing that. And I think to summarize today's
26:21
intro segment, Russia has come to the realization that's
26:24
exactly what the, the US is doing.
26:26
But again, we, we said this was gonna we said this is exactly
26:30
what they were doing, you know, for, for about a couple months
26:33
now, right. So anyways, if you guys are
26:36
enjoying today's show, I think whoa, 1000 live viewers on
26:39
YouTube alone. Wow, 116 live viewers on rumble
26:44
and I don't see the X, but I'm, I'm assuming X is popping off as
26:48
well. If you guys are enjoying today's
26:50
show, you gotta make sure to smash that like button and
26:52
really, really helps with the algos.
26:55
We already broke 200 likes, So help us break 300 likes by the
26:58
time the show ends. 500 likes. 500 likes.
27:02
We got a fantastic show for you guys lined up.
27:05
We have a, we have a clip from Balaji talking about
27:11
essentially, you know, Bitcoin's performance so far.
27:14
We what we're going to cover that.
27:16
Also, we have a, a, an interesting screenshot from the
27:21
Journal of Risk and Financial Management and they're basically
27:26
making the case that potentially we see $1 million Bitcoin by
27:30
2027. Is that possible?
27:32
Let us know down in the chat and then Bitcoin Magazine dropped,
27:38
excuse me, a new article. The clarity act draft could
27:41
shield Bitcoin and crypto developers from past liability.
27:46
So we're going to get into that news as well.
27:48
It's going to be a fantastic show and of course, our friends
27:51
over at hive digital technologies, they have they
27:53
continue to kick ass and they have some breaking news that
27:56
we're going to cover for you guys today.
27:58
And of course, Opti's always got something special for you guys
28:01
lined up during the culture segment.
28:03
So that should be fantastic as well.
28:06
But before we get into that, of course, you guys know the we're
28:09
going to be giving away some Satoshi.
28:11
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All right, everybody, let's get straight into the numbers.
29:48
We have tons to talk about. We're going to be right back in
29:50
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Don't write down your seed words on paper, stamp them into
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titanium. At the time of recording, the
31:30
Bitcoin price is 112,320 Block height 913,913 thousand 769
31:38
Stats per dollar 890 SAT's per dollar Market cap 2.24 trillion
31:43
Bitcoin versus gold market cap 8.7% Declined from all time high
31:48
-9.8% Realized monetary inflation .84%.
31:54
In the grand scheme of things, we are just getting the party
31:57
started. Anyways, I do want to share with
31:59
you guys this interesting screenshot of this article by
32:03
check out the name because I mind you, five years ago we
32:06
would have never got this type of coverage, right?
32:10
So the Journal of Risk and Financial Management says a
32:15
supply and demand framework for Bitcoin price forecasting and
32:20
here's a screenshot of a specific part of the article.
32:23
It says figure 11 shows forecast prices when the demand
32:26
multiplier is held constant and daily withdrawal rates from
32:30
liquid supply vary at the highest level of withdraw.
32:33
There's a clear trend from the logistics style adoption driven
32:37
curve to one that starts to increase on a hyperbolic
32:40
trajectory. Wow, Opti, it's almost as if
32:43
you're writing these now the. Too low IQ to write.
32:48
It continues to suggest that Bitcoin will reach $1 million
32:53
per coin by early 2027 for all levels of withdrawal. 1000
32:59
Bitcoin per day, and then diverge in 2028 as supply
33:02
constraints come into play. With the high levels of
33:05
withdrawal, the price could reach up to $2,000,000 by late
33:09
2027 and $5,000,000 by early 2031.
33:13
And again, this is from apparently from the Journal of
33:16
Risk and Financial Management. Apparently Opti has a part time
33:20
job there because that is just mega bullish.
33:25
Anyways, here's Balaji and he's just dropping some some wisdom.
33:31
I believe he was like one of the first employees at Coinbase.
33:34
He's very well known. He's been dropping some softs.
33:36
I believe this is one of his, you know, one of his latest
33:40
podcast appearances from TFTC and of course, Marty Bent always
33:46
doing great work. So anyways, let's check out the
33:47
clip and then me and Opti are going to talk about it.
33:50
Marty Malami had the first trade which is .1 cents per Bitcoin in
33:55
2009, late 2009 and now it's $100,000 plus per Bitcoin.
33:59
It's 100 million X. That's actually insane.
34:03
You know, do you see my thing on super bitcoinization?
34:07
I don't think so. So normal inflation is defined
34:11
as like 2% a year, right? Which is like .1 point .2% a
34:15
month, right? And hyperinflation is defined
34:17
50% a month. But those that's a big gap.
34:20
What if you define superinflation as 5% a month?
34:24
OK, so if you take the 100 million X appreciation BTC to
34:29
USD and you take the 16 years over which that appreciation
34:34
happened from 2009 to 25, you work out the compounding rate.
34:39
It worked out to about 10.41% the evaluation of the dollar
34:43
against Bitcoin month over month, every month, for 16
34:47
years. That's insane.
34:49
That's insane, right? You know what that is?
34:51
I mean, you're a business guy. So that means super inflation is
34:56
already here, right? Bitcoin is this, it's this
35:00
incredible thing because it's invisible.
35:03
People really don't understand what it means for something to
35:07
go up 100 million. X.
35:10
Within 16 years, it means like, you know, I think I've said this
35:13
before on other, but it's like, you know, future historians will
35:15
have to tell children that Bitcoin did not arise overnight.
35:22
Like it wasn't just like a step function that just went up.
35:25
It was actually like lots of setbacks and.
35:27
Something else, but on on like a historical time scale.
35:30
It's just like as soon as Bitcoin appeared, the dollar
35:32
collapsed. That's like what future
35:34
historians will say. I mean, like, OK, and again, you
35:41
you would say, but Nico, the dollar hasn't collapsed.
35:44
And my response is like, but it has collapsed like against
35:49
Bitcoin. The dollar has had like one of
35:54
the craziest collapses ever compared to Bitcoin, right?
35:59
I mean, you know, and I think that's the point that Balaji was
36:01
trying to make. And I think this is something
36:03
that once you start living on a Bitcoin standard, you're going
36:06
to understand this because if you're using Bitcoin as your
36:10
unit of account, of course the dollar is collapsing.
36:13
Everything's getting cheaper for you.
36:15
If you're living on a Bitcoin standard, why is it getting
36:18
cheaper? Because the dollar is collapsing
36:21
towards the price of Bitcoin now, not for the past year,
36:24
because Bitcoin has become a Bitcoin 2025.
36:29
Bitcoin got tired of me and Opti talking, OK.
36:32
And it said, you know what, I'm sick of Nico and Opti.
36:37
I'm going to go take a vacation and I'm going to make them talk
36:41
all year about news and about all this stuff while I just
36:46
chill on the beach and El Salvador.
36:50
And I'll just become a stable coin in the process, right?
36:53
But I'm sure the party's going to get started again eventually.
36:59
Or maybe it's all over Opti. Maybe we just got to pack it up,
37:01
bro. Maybe it's done.
37:03
Maybe it's done. Maybe it's over, bro, The
37:06
dollar's having a Weekend at Bernie's moment.
37:08
I don't know if it's a moment. I think it's just consistent.
37:13
So Opti, I want to get your commentary, 'cause he was
37:16
dropping bars and of course, shout out to TFTC Marty Bent for
37:21
hosting him. But dude, I've, I've been loving
37:24
where where has where has Balaji been all my life, bro, Because
37:27
he's been dropping some of the best takes.
37:30
Just I don't know if he just came on my feed lately bro but
37:34
this guy drops fire. Well, I think Bellagio was shit
37:37
coining for a couple of years and then he finally came back
37:41
home to Bitcoin. But yeah, in the last what?
37:45
In the last couple of months last year or so, Bellagio has
37:48
been doing a lot of really insightful perspectives on what
37:53
is going on with Bitcoin. And while he was talking, it
37:57
really reminded me of one of the things I keep saying on the show
38:00
constantly is in the day-to-day, it seems like nothing's going
38:06
on. It seems like nothing ever
38:07
happened right in the day-to-day.
38:09
All we're wondering is when's Bitcoin going to start ripping?
38:12
It's like, what is going on here?
38:13
This is so boring. But again, when you zoom out and
38:16
you look at what Bitcoin has done in the last 1516 years,
38:21
it's really, truly incredible. And when you really frame the
38:25
conversation like Bellagi did in the sense of, oh, no, Bitcoin
38:28
isn't going up in value. It's that Fiat currency or the
38:32
US dollar is losing, you know, 10% a month.
38:37
You really start to see what is going on here.
38:40
And this is one of the conversations that Bitcoiners
38:42
have been talking about forever. Here is, is not the value of
38:46
Bitcoin that's going up. It's the value of the dollars
38:49
losing purchasing power. And that's the game going on.
38:52
And if you look back at what Bitcoin is done and you kind of
38:57
place it in the context of history, you start to realize
39:01
what is going on here and you really start to grasp the
39:04
importance of this whole Bitcoin revolution right now.
39:08
And yes, so the day-to-day it's super boring.
39:10
You're like, whatever, you know it, Bitcoin went up 5% and then
39:14
it went down 5% and we're going sideways and nothing ever
39:17
happened. It's the stick meme.
39:19
Can you, can Bitcoin do something?
39:22
But we're all just waiting for another incredible parabolic run
39:25
here. And even if Bitcoin doesn't have
39:28
another incredible parabolic run, which I think it will, just
39:31
the fact that it does have what, what was it, 50% CAGR, you know,
39:35
compounding annual growth rate of 50% the last five years.
39:39
Historically, I think it's 30%. It's just the Bitcoin is eating
39:44
the world's lunch right now. Fiat currencies are in trouble.
39:47
And if you aren't looking at Bitcoin through the monetary
39:50
lens, then you really aren't understanding the paradigm
39:53
shift. And this really does go back to
39:55
the beginning of the show of what's going on.
39:57
The old guards are still holding on to the traditional monetary
40:01
mediums, which are currencies or Fiat currencies, which is paper
40:05
debt. And if you don't know where to
40:08
look, then you're reading false economic data and you're
40:12
wondering what is going on and you're using old mediums to try
40:16
to store your value and you're getting wrecked.
40:18
And if you are just open minded enough to take the leap and get
40:22
into Bitcoin, and then you look back at the traditional
40:24
financial system, you start to realize, holy shit, Bitcoin
40:28
really is taking over the world. And I do agree with this
40:30
statement. When we look back on this time,
40:33
I'm guessing for some of us, if you're around my age, at the end
40:36
of our lives, we will fundamentally know that this was
40:40
the paradigm shift. I know a lot of us think it's
40:42
happening right now and we and we know we're a part of it.
40:44
We understand this moment in history that we're living in.
40:47
But our great grandchildren, that's where like the meme comes
40:50
from where it's like, wait, you know, Nico, Nico and Opti and
40:54
Bitcoin, well, and the Bitcoin fountains, they were giving away
40:58
how much Bitcoin like that didn't happen because it's worth
41:01
so much in their lifetimes. This is what's happening.
41:04
Bitcoin is fundamentally shifting the monetary order
41:08
right now. And if you aren't paying
41:09
attention, you might get everything you've ever worked
41:13
for wiped out in front of your eyes.
41:15
It like this is where it's headed.
41:17
Is it going to be next year? 10 years, 20 years, None of us
41:21
know. But if that screenshot does play
41:24
out, Nico, it's I guess we'll be cool. 5 million what, by 2031?
41:28
Is that what it said 2035? Yeah, man.
41:31
I mean, I'm with it. Yeah, yeah, absolutely.
41:36
Let's see. Let's see what happens.
41:38
Let's see if these guys call it. I mean, the the, the the
41:41
publication sounds super legit, bro.
41:43
Like that publication legit AF. Anyway, it sounds legit AFI
41:50
don't know. Anyways, guys gonna be a
41:51
fantastic show. We still got tons to cover.
41:54
We have an update for you guys, the Clarity Act, so we're going
41:59
to be doing a deep dive into that.
42:01
Shout out to Frank Korva of Bitcoin Magazines.
42:04
He's done amazing coverage on that.
42:05
Specifically, we have an update for you guys from our friends
42:08
over at Hive Digital Technologies.
42:10
They're absolutely crushing the game.
42:12
In fact, I'm going to be going to one of their sites this week.
42:16
Opti is going to be holding it down and that's going to be a
42:19
lot of fun. So yeah, guys, it's going to be
42:21
a great show. And of course we're going to be
42:23
giving away some, some Bitcoin towards the end of the way,
42:26
towards the end of the show via Bitcoin.
42:28
Well, and then also Opti, of course, Opti, what do you, what
42:32
do you have to cover during the culture segment for everybody?
42:35
Watching, I have more data and more dots connecting and
42:41
explaining the fact that we're probably in a recession type
42:46
scenario, potentially a Great Depression type scenario, so.
42:50
No, we haven't. As we got to bro, we didn't even
42:53
we. Didn't have a bull market yet
42:55
bro you're like. No, no, this is, this is going
42:57
to be a bull market for us because everything's going to
43:00
collapse and it's going to find a have to find a home.
43:02
It's going to be Bitcoin. It's actually bullish.
43:05
I'm just, I'm just trying to warn people, hey, things aren't
43:07
what they seem and you probably need some Bitcoin.
43:12
Yeah. Yeah.
43:14
Well, that's kind of, that's a little bit of a.
43:15
I'm I'm going full doomer today. It's Monday.
43:18
I'm hurting from the gym. I'm seeing data that makes me
43:22
think things are blowing up. A little bit of a bummer
43:26
anyways, guys, it's going to be a fantastic show.
43:29
You guys are going to want to stick around.
43:30
We still have a ton to cover. If you guys are enjoying the
43:33
show so far, make sure to smash that like button. 952 people
43:38
watching live on YouTube, about 100 or so watching live on
43:42
Rumble and about 1700 or so watching live on XA lot of
43:46
people watching smash that like button.
43:48
You're listening to simply Bitcoin.
43:49
We're going to be right back in just a bit.
43:51
We have tons of things to cover, so you're going to want to stick
43:54
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Want to become a sovereign individual and the full package
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anyways. Breaking news New Clarity Act
46:16
draft could shield Bitcoin and crypto developers from past
46:20
liability. Interesting.
46:22
On Friday, the US Senate Banking Committee released its latest
46:25
draft of the Clarity Act, in which it proposes an amendment
46:29
to 18 US Code 1960 a stipulates that only crypto developers or
46:35
providers that knowingly exercise control over currency,
46:39
funds or other value that substitutes for currency be
46:42
treated as money transmitting businesses.
46:45
This is a massive, massive win because a lot of the things that
46:50
the previous administration was arguing is that, hey, listen,
46:54
and again, it doesn't count. Like, OK, you can make an
47:00
argument that a Bitcoin miner is a money transmitter.
47:03
You can make an argument that that a Bitcoin node you're,
47:09
you're again, you have a copy of the Bitcoin of the whole Bitcoin
47:13
blockchain, right? So you can make an argument for
47:15
that, right? And I think that's where it was
47:17
heading, by the way. And they first started with, you
47:21
know, Tornado Cash. They set a precedent.
47:23
As soon as that happened, they went to Samurai that set another
47:27
precedent. Those cases are still, you know,
47:32
in litigation. And like, you know, it was a
47:38
slippery slope. And I remember I, I was getting
47:40
so freaked out because again, what they were trying to do is
47:44
they're trying to set a precedent that open source
47:46
software can be sanctioned, right?
47:50
You know what else is open source software?
47:52
This is Bitcoin, right? So you know where those is
47:54
going, right? Which is the whole purpose of
47:57
the clarity Act, right? It's in the name.
47:59
It provides clarity about what is a, a money transmitter and
48:04
what isn't a money transmitter. And again, that, you know, it is
48:09
not going to allow, especially if it's done through the
48:11
legislative process, it's not going to allow a potentially
48:15
future administration to go after the industry because they
48:20
feel intimidated by it, right? So this is fantastic news.
48:24
Anyways, more specifics. What is more, this amendment
48:27
would not only protect Bitcoin and crypto developers in the
48:30
wake of a bill with this language included in its
48:32
passing, but it would also protect said said developers
48:36
retroactively, meaning developers in the past that, you
48:42
know, have written softer incoming administrations
48:47
wouldn't be able to go after them again from a, from a
48:51
libertarian type of, you know, small government minded person
48:58
like, you know, I, I believe that.
49:05
How do I say this? I believe in, in, I believe in
49:11
individual liberties. I believe, I believe individuals
49:15
having liberty and being able to have more control over their
49:19
lives leads to more prosperous outcomes for society.
49:25
Yeah, I believe that. And then it's a personal
49:27
opinion. But you know, I think this is a
49:30
there's a really positive development in Section 5.
49:33
In section 501 of section Title V of the draft entitled quote
49:38
protecting Software Developers and Software innovation, it
49:41
states that states that quote this section and the amendments
49:45
made by this section shall apply to conduct occurring before, on
49:50
or after the date of enactment of this act.
49:54
It goes on to say a positive, which is why I was trying to
49:57
connect the dots earlier on a positive development for Tornado
50:00
Cash developer Roman Storm. If this language is included in
50:03
a version of the bill that is enacted into law, Tornado Cash
50:06
developer Roman Storm, who was found guilty of operating an
50:10
unlicensed money transmitting business last month, stands to
50:13
benefit. Storm has alluded to the notion
50:16
that he plans to appeal the guilty verdict as poor reporting
50:20
by Eleanor Turret. Again, I think and just we
50:25
auntie and I have been doing this for a little bit.
50:27
I think there is a lot of negotiation that was happening
50:30
in the background. I don't think this wording was
50:33
included in the bill by just by mere coincidence.
50:37
I think that the Tornado Cash case and the Samurai case were
50:42
massive because it wasn't the cases themselves, even though,
50:46
again, I think that developers shouldn't be responsible.
50:51
It's like it's it's the same free speech argument.
50:54
Like you're going to go after developers because the writing
50:57
code, like you can make it. What is code?
50:59
Like? Code is speech.
51:00
So like it's a very slippery slope in my opinion, right?
51:06
But I don't think it's a coincidence that again, you
51:09
know, they add these retroactive protections.
51:12
I don't think that's a coincidence, right?
51:16
I think that there's definitely some lobbying pressure
51:19
specifically from our industry, which I think is a good thing.
51:24
And obviously it's putting in that language there.
51:27
This is incredibly important. And again, this is a a major
51:31
green flag for any developers or any Bitcoin businesses in the
51:36
United States that have hesitancy about just, you know,
51:41
setting up shop here because of the previous administration's
51:44
accurate actions with Operation Choke .2 point O.
51:48
It continues to say if clarity becomes the law and the language
51:51
regarding retroactive developer protection is included in the
51:54
draft of the bill that passes, Storm's legal team should
51:58
theoretically have no issue winning as at the appellate
52:01
level. It goes on to say,
52:03
unfortunately, if clarity, if clarity passes with the
52:07
retroactive protections included, this will not help
52:09
Samurai wallet developers who accepted a plea deal for
52:13
operating an unlicensed money transmitting business in July.
52:17
Further protection for developers of non custodial
52:20
crypto tech. The most recent draft of of
52:22
clarity also stipulates that developers or providers of non
52:27
controlling crypto technology should not be treated as money
52:30
transmitting businesses. I mean, I could have told you
52:33
like, yeah, this is obvious. But again, it's important, it's
52:37
important to codify this so that, you know, an incoming
52:42
administration doesn't just sign an executive order and saying,
52:46
hey, listen, you know, those, those, those hardware wallets,
52:51
you know, those, those wallets that you're developing that
52:53
allows people to take self custody, that that's money
52:57
transmitting, right? Like, you know, with the, again,
53:01
the the current regulations weren't built for Bitcoin,
53:06
right? Bitcoins of peer-to-peer money,
53:08
right? They were built for a system
53:10
that always had middle men and intermediaries, right?
53:14
This would also be applied retroactively.
53:16
Non controlling developers. Excuse me, who are defined as
53:20
those who create or work on distributed Ledger services that
53:24
in the regular course of operations does not have the
53:27
legal right of the unilateral and independent ability to
53:30
control, initiate upon Japan or effectuate transactions
53:35
involving digital assets to which users are entitled without
53:38
the approval, consent or direction of any third party.
53:42
The definition applies to developers of crypto services
53:45
software or hardware that helps customers facilitate the the
53:48
self custody and safekeeping of digital assets.
53:52
What comes next? Congress comes back into session
53:55
as of September 2nd, 2025 and the US Banking Committee Senate
54:00
Banking Committee plans to continue to prioritize clarity
54:04
after accepting input on the bill from many members of the
54:07
crypto industry. Quote, this legislative draft
54:11
reflects feedback from hundreds of stakeholders on a wide, wide
54:15
range of questions. As part of the request for
54:18
information on the July discussion draft, a spokesman, a
54:22
spokesperson, and from the Senate Banking Committee told
54:24
Bitcoin Magazine Chairman Scott Scott, Senator Lummis and their
54:29
colleagues will continue working in a bipartisan way to deliver a
54:32
final product that will protect investors, foster innovation,
54:36
and keep the future of digital finance anchored in America.
54:40
So I find that quite interesting that they included that.
54:44
But before I get Opti's thoughts on that, I do want to give a
54:47
quick update from our friends over at Hive Digital
54:50
Technologies. Hive August 2025 Production
54:54
Highlights. They've mined 247 Bitcoin
54:58
Average daily production 8 BTC per day Hash rate average of
55:02
60.3. EXA hashes peak of 18.1 EXA
55:06
hashes Fleet efficiency 18 point 5J/TH BTC per EXA hashes 15.2.
55:17
So Hive is absolutely deploying this, the this, this hash rate
55:23
at record, record pace, man, it's incredibly, incredibly
55:27
impressive. And I'm, I'm super bullish on
55:31
that. Anyways, Opti, what's your take
55:33
on, what's your take on the clarity act?
55:36
Man, it's, it's crazy. We went from feeling like we
55:39
were under attack from all the angles and all the spaces.
55:43
It was getting really dark this time last year.
55:47
We were like, seriously considering El Salvador.
55:51
I still, still, still love El Salvador, of course.
55:53
But like, we're like, dude, like we might be persecuted.
55:56
Like, what's going on here? And then talk about a complete
56:01
180 because that's what this is. This is a complete 180° turn in
56:09
terms of policy. And yeah, I mean, the future
56:14
looks bright for for bitcoiners in the United States, especially
56:18
if a lot of this legislation gets passed.
56:21
Yeah. And I think that's the big if I
56:23
would really like to see this. Obviously this is a good step
56:28
considering a lot of the high profile cases that we've seen
56:32
were literally hinged on this exact topic.
56:36
I did though see there, this really retroactively won't help
56:40
the Samurai guys 'cause they already pleaded guilty and
56:44
obviously that that's a shame and and that sucks for them.
56:46
But I think in in general, overall, if this does get passed
56:52
again, the big if, if this does get passed, which we are hearing
56:54
rumors from both sides of the aisle saying in the US, this is
56:59
probably, I think, I forget the dates, but they're saying like
57:02
October ish, if not by end of year this year, that they should
57:05
get this passed. At least that's what they're all
57:07
saying. Maybe they're hyping this up and
57:09
and it won't happen this year, but hopefully it does happen
57:13
really soon. And with this kind of excuse me
57:16
with this kind of language, because I look as much as I
57:20
don't like regulations, I would love to see some things get
57:24
actually put into law so that they won't fight us again and
57:27
try to attack us again. Whether Trump leaves or a new
57:30
administration comes in. I obviously want to be protected
57:34
here. I want to stay in America.
57:35
I think if Bitcoin or sorry is America is going to become the
57:38
Bitcoin superpower of the world, then we need to be friendly
57:41
towards the industry and not just speak it in rhetorical
57:45
terms. We we need some stuff that is
57:47
actualized and shouts out to Senator Lum and she's been on
57:50
this for a while. I'm glad that they're adding
57:52
this into that bill. Now the big if is, is this going
57:56
to actually pass? And if it does, then we will see
57:59
what actually gets put into the bill, whether whether this gets
58:02
chopped out later or something. But I, I like this framing,
58:05
especially that one kind of point of contention that has
58:09
been the main point of contention here for all of the
58:13
cases is whether someone is in control of the money directly or
58:17
not. It hasn't really mattered in the
58:19
courts. It's like, oh, you're a money
58:20
transmitter business. You need to get these money
58:23
transmitter licenses because you created a software.
58:26
Now you're liable for how someone uses this.
58:28
And they're like, I don't even touch the Bitcoin.
58:30
I have no control over the Bitcoin.
58:32
I have no custody of these coins and yet I'm being considered a
58:34
money transmitter business is like it's ridiculous.
58:37
The laws do need to catch up with the technology.
58:41
So I'm hoping this stuff does get passed through.
58:43
And again, shouts out to all of the politicians that are pushing
58:46
this through. I am kind of holding my breath
58:51
on this. I whenever they pass more bills,
58:54
I'm not that favorable towards it, but I really hope that this
58:58
is a benefit for the industry because we've already seen what
59:01
it's done it, it's been horrible.
59:03
Bitcoin wallets have been leaving, Bitcoin companies have
59:05
been leaving, Bitcoiners have been leaving, at least in the US
59:08
and actually globally, any country that tries to attack
59:10
Bitcoin, we know Bitcoiners go where they're treated best.
59:13
And I want that to be here in America.
59:15
I'm an American, my family's here.
59:17
I don't want, I don't want to leave, but I think this is
59:20
favorable. I'm, I'm leaning towards
59:22
favorable. We'll see what actually passes
59:25
or doesn't pass. So whenever that happens, we'll
59:28
see what happens. But we do know they are back
59:30
from summer vacation. So hopefully things start
59:32
getting pushed through a lot quicker than this whole summer
59:36
'cause it's been kind of slow. Absolutely.
59:39
I 100% agree, man. Let's see, we, we need to, we
59:42
need I, I think I still, I, I still think we're going to have
59:46
a great Q4, but we shall see. Anyways, guys, before we get
59:50
into the culture, Opti's going to come in strong.
59:52
He's got a, he's got the culture for you.
59:54
Apparently. It's going to be a little bit
59:55
depressing, but it's OK, it's OK.
59:57
A little bit of a Dumor. I want to tell you guys about
1:00:00
the biggest Bitcoin conference, the biggest mining conference in
1:00:03
the world, mining Disrupt. And usually it's, it's hosted in
1:00:08
Miami. It still is going to be hosted
1:00:10
in Miami, but for the first time ever there is going to be a
1:00:14
conference in in Dallas, TX. That's right #optis going back
1:00:20
to Dallas November 11th to the 13th Mining Disrupt in Dallas,
1:00:26
TX. You're not going to want to miss
1:00:29
it. Get your tickets now.
1:00:31
Check the link in the video in the video's description, and you
1:00:36
guys could go there. And this is where you're gonna
1:00:39
meet all the biggest mining players across the industry.
1:00:44
It's gonna be fantastic. It's gonna be fabulous.
1:00:47
You're not going to want to miss it.
1:00:49
Go to miningdisrupt.com. Actually, no.
1:00:54
Go click on the link in the video description or scan the QR
1:00:59
code. Opti's gonna be there.
1:01:01
I'm gonna be there. Ruston's gonna be there.
1:01:04
Scan the QR code or check the link in the podcast description.
1:01:06
The reason you want to use the link is because you get a
1:01:10
discount on your tickets. So go to Mining Disrupt or you
1:01:13
can use promo code Simply Bitcoin.
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We hope to see you guys there. It's going to be fantastic and
1:01:18
be awesome. Anyways, guys, you're going to
1:01:19
want to stick around towards the end of the show.
1:01:21
We're going to be giving away some Satoshi's after the break
1:01:25
and of course, Opti's got the culture segment lined up for you
1:01:28
guys, so we're going to be right back in just a bit.
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freedom. All right, everybody, we are
1:03:34
back and you're going to want to stay tuned because we're we're
1:03:38
going to be giving away some sats.
1:03:40
But first Opti, what are we looking at, bro?
1:03:43
What? Are these?
1:03:43
2 red bars with green in the middle.
1:03:46
Like what's going on? Wow.
1:03:49
It's not good news, guys. First of all, it's not that good
1:03:53
news. OK, So as Nico said, what, what
1:03:56
are we looking at here? So over the last week, 198 of
1:03:59
the top 200 insider trades were sales.
1:04:02
In the last two weeks, it was 398 of 400 were all sales.
1:04:07
The last time we saw insider dumping hit this scale was the
1:04:11
late 1920s, right before the Great Depression.
1:04:14
So the top .001% of the world just quietly unloaded their bags
1:04:21
and this is a sign that they do not want to be holding equities.
1:04:26
They are going in something safer.
1:04:28
You could argue that they're going into gold, You could argue
1:04:31
that maybe they're sitting on cash.
1:04:32
We all know Berkshire Hathaway has been holding cash for a long
1:04:36
time, but this is a sign of what is coming ahead.
1:04:40
Or rather, this is an indicator or a indirect kind of point of
1:04:46
what these people think is coming ahead of the pipeline.
1:04:50
Or what is going to happen if people are divesting out of
1:04:53
their equities, getting out of treasuries, buying gold?
1:04:57
This is this is the time when you should be perking your ears
1:05:01
up, when the billionaires of the world are essentially telling
1:05:03
you, hey, we are in a debt spiral.
1:05:06
Remember, Ray Dalio has been beating this drum.
1:05:09
We are in a debt spiral. This is unsustainable.
1:05:12
The global nation debt, debt right now is unsustainable.
1:05:16
We can't, we can't continue what we're doing.
1:05:19
Something needs to change. This is a sign of hey, there's
1:05:23
probably a big problem going on now.
1:05:27
A lot of people we, we covered this last year, this idea that
1:05:31
we're probably already in a recession, or rather have been
1:05:34
in a recession since 2020. Remember they change the terms
1:05:40
of what a recession was. Usually it's if you are in three
1:05:44
down quarters then you are officially in a recession.
1:05:46
Well, no, they, they came out remember and like that's not
1:05:49
what a recession is guys. This we're not in a recession.
1:05:53
We also got job numbers in the US are down, have been revised
1:05:57
down by 1.1 million since February 2022.
1:06:02
Again, these are the biggest draw down revision since the
1:06:05
great financial crisis. All of this is saying to me
1:06:10
things are not as they seem and there may be some kind of
1:06:16
turmoil. And I saw this video this
1:06:18
morning. I couldn't I couldn't find it.
1:06:19
I guess I didn't like it on Twitter.
1:06:21
But one of the one of the big podcasters, he's a British guy.
1:06:25
I forget, I forget what his name is.
1:06:27
He did a whole video about this exact thing that he's having
1:06:30
these conversations with billionaires in particular 1 Ray
1:06:33
Dalio, and he's saying that there are panicking behind the
1:06:37
scenes that there is some something coming down the
1:06:40
pipeline that could potentially be worse than the Great
1:06:44
Depression of super Great Depression of actual financial
1:06:49
recession, but a global recession, global depression.
1:06:52
And when you're seeing people sell all of their bags right
1:06:54
now, if they're getting out of their equities, it's not a good
1:06:57
sign. And then the job, the, the
1:06:59
economy globally is in the wrecks because of national debt.
1:07:03
Debt is at an all time high in the Western world and they need
1:07:06
to find a solution. And This is why you're probably
1:07:08
seeing gold start to spike up is because people don't want to
1:07:11
hold government debt right now. There's no returns and they're
1:07:14
talking about lowering those returns.
1:07:16
So people are going into the safest bets, which is usually
1:07:20
gold to us. We would say it's Bitcoin.
1:07:23
And then I saw this, which is pretty interesting.
1:07:25
I, I can't confirm this, but apparently that banks in the UK
1:07:31
are going to be holding or sorry, closing retail customers
1:07:35
as of October 9th, 2025. So it seems like Europe is doing
1:07:39
some form of capital controls. We are starting to see in the
1:07:43
US, the biggest, most richest people in the world are
1:07:47
divesting out of their equities. We're seeing a push towards CBD
1:07:50
CS globally. In the western world.
1:07:52
We've seen it get pushed in China.
1:07:55
All of this is indicators for me and I've been covering all the
1:07:57
other indicators. But this is a This is a rumor to
1:08:00
be specific, right? This last one's a rumor.
1:08:01
Yeah, this last one's a rumor. But it basically just shows that
1:08:06
there is some bumpy waters ahead for everyone.
1:08:09
And of course, as we know with Bitcoin, if there is bumpy
1:08:13
waters in traditional markets, then Bitcoin might rebound, you
1:08:18
know, or might drop faster but rebound better.
1:08:22
And I think Bitcoin's still going to go up in that by the
1:08:25
end of this year. But essentially what we're
1:08:26
seeing is there's a lot of concerns going on at the highest
1:08:30
levels. And if you are looking at the
1:08:32
same, you know, board game that we are, I personally think
1:08:37
there's only one thing to be buying right now.
1:08:39
Of course, this is Bitcoin. And as we're seeing from the
1:08:41
beginning, there is a debt problem going on in all of the
1:08:45
Western world and they're trying to find solutions.
1:08:47
I don't want to get caught up in their solutions.
1:08:49
Remember the last solution in 2008?
1:08:51
If we are on a great financial crisis tight level, remember the
1:08:54
last solution in 08, we basically all get wiped out and
1:08:58
then the richest people, you know, they they get a bailout.
1:09:01
So this is what Bitcoin was designed for.
1:09:03
Yes, it's going to be rocky. Yes, it's going to be uncertain
1:09:06
times, but This is why you need a good money when when times are
1:09:11
uncertain, this is when you need the best money, the perfect
1:09:14
money, which is Bitcoin. Now there is some interesting
1:09:17
stuff coming up. Shouts out to Jim 618.
1:09:19
He's a OG bitcoiner. He's been doing great work on
1:09:22
Twitter. He summed it up right here.
1:09:24
So heads up, this was last last night.
1:09:27
Heads up, this Wednesday and Thursday will bring key US
1:09:31
inflation numbers and producer price data pivotal for the Feds
1:09:34
next move on interest rate cuts. Wednesday, September 10th brings
1:09:37
the producer price index, PPI and wholesale inventories data
1:09:41
important for gouging inflation upstream.
1:09:43
And then Thursday, September 11th sees the release of the CPI
1:09:47
and core CPI for August, the final inflation snapshot before
1:09:51
the Feds decision September 17th of next week.
1:09:54
So hey, we'll see what happens, happens in a week's time or so
1:09:57
if they cut interest rates. If they don't, we'll see what
1:10:03
goes on. If they do, we're going to see
1:10:05
how the markets react, whether this is a kind of a moment where
1:10:10
people feel a little safer to start deploying their capital.
1:10:13
We, we will know this basically in a week from now.
1:10:16
If we do get an interest rate cuts, usually that means that
1:10:20
people are going to deploy their money back into a little bit
1:10:22
riskier assets to get better returns.
1:10:25
Obviously, I think that's going to be a good case for Bitcoin.
1:10:28
The more liquidity in the system, the more it's got to
1:10:31
find a home. And I believe there's really
1:10:33
only two choices. It's Bitcoin and gold.
1:10:35
If you're a boomer Tragify, you know, more conservative, you're
1:10:39
probably going to be buying gold.
1:10:41
But as we know as Bitcoiners, historically, Bitcoin responds
1:10:45
better than gold. So I think I think things are
1:10:47
setting up for for a good run in Bitcoin.
1:10:51
But the like, I know this is Dumorish because there is great
1:10:56
concern and of course if there is a Great Depression, great
1:10:59
financial crisis on the horizon, bitcoins not going to be able to
1:11:03
get spared here. I think, you know, Bitcoin will
1:11:07
react. Usually Bitcoin reacts ahead of
1:11:09
these different crises going on, but I think this is in the long
1:11:14
run going to be a, a, a good thing for Bitcoin.
1:11:18
If people start to lose trust in these institutions, start to
1:11:21
lose trust in Fiat currencies, then they're going to be looking
1:11:23
for alternatives. So in the short term, rather
1:11:26
maybe, I think Ray Dalio was saying like three to five years,
1:11:30
we might be seeing some debt crises going on, debt spiral
1:11:34
happening. I think Bitcoin will respond
1:11:37
really good in all those times. Obviously, it might be a little
1:11:40
brutal in the short term, but long term, the number goes up.
1:11:43
But I'm seeing a lot of this economic data.
1:11:45
Kobayashi letter has been doing really good work as well.
1:11:49
It's starting to show, hey, people are panicking now.
1:11:52
What's this mean for you? Is this might be the time to
1:11:55
position yourself. And as we saw in the great
1:11:58
financial crisis, many millionaires were made during
1:12:01
the great financial crisis. And now we're seeing, hey, we
1:12:04
might be on another horizon. We know the boom bust cycle
1:12:07
happens all the time. Now is the time to position
1:12:10
yourself. And personally, I think
1:12:12
Bitcoin's the best position to be in.
1:12:13
That's the only position that I'm in.
1:12:15
That's the only position I think I would recommend to my friends
1:12:17
and family. But yeah, it looks like things
1:12:20
are getting a little heated out there, Nico.
1:12:22
If people are divesting this hard, it's not making me feel
1:12:26
that good about what is coming out of all these financial
1:12:30
numbers. We know the books are cooked,
1:12:32
literally cooked. Not, not like in Gen.
1:12:35
Z kind of perspective here. We know the data is being
1:12:38
manipulated right now to basically convince you that the
1:12:41
economy is doing well. But if you talk, if you think
1:12:44
about in your own life how you are, if you're not already a
1:12:47
Bitcoiner, if you haven't been a Bitcoiner for a long time, then
1:12:50
you're probably struggling right now.
1:12:52
I'm sure your friends and family are struggling, but for us
1:12:54
Bitcoiners, we're just trying to figure out how to make more cash
1:12:58
so that we can buy more Bitcoin. This is the safety boat.
1:13:01
This is what we've been talking about for a long time.
1:13:03
So again, I'm not trying to be a doomer that it's happening this
1:13:06
year. Things are going to blow up.
1:13:08
But these are concerns that people should be paying
1:13:11
attention to. And if you watch, you know, the
1:13:14
corporate press and normal financial channels, they'll be
1:13:17
like, oh, you know, you'll be good to go.
1:13:19
Just buy gold. And it's like, yeah, maybe, but
1:13:22
why not pick the best horse in the race, which is Bitcoin?
1:13:24
You probably want to buy some Bitcoin.
1:13:26
And actually, this kind of does bring me back to the whole S&P
1:13:30
500 thing that happened over the weekend.
1:13:32
You know, there was a lot of rumors that strategy was going
1:13:35
to get added to the S&P 500. It didn't happen.
1:13:38
There's still a chance in October for that to happen.
1:13:41
But I think this is a pretty good pulse check or a vibe check
1:13:45
of what Wall Street actually thinks about Bitcoin.
1:13:48
Like this company have never heard of got got added.
1:13:51
We saw Robin Hood get added Bitcoin or sorry, strategy
1:13:55
outperformed all of them and they still didn't get added.
1:13:57
So it just goes to show, yes, Wall Street is here.
1:14:00
Yes, people are taking interest in Bitcoin, but we haven't fully
1:14:04
won the culture war yet. We haven't fully won the
1:14:06
mindshare yet, and that's just an opportunity for all of us
1:14:09
here. If everyone was piling into
1:14:11
Bitcoin right now and it was the most crowded trade in the
1:14:14
market, then it's probably not the best trade.
1:14:17
This is still an opportunity. This is still asymmetric
1:14:20
opportunity. You do need to kind of make some
1:14:22
contrarian, make contrarian moves right now.
1:14:25
If everyone's going to pile into just the standard investments,
1:14:29
quote UN quote, then it's probably not going to give you
1:14:32
that much return. But that's why I think Bitcoins
1:14:34
going to RIP. Yeah, yeah.
1:14:37
I mean, I think, you know, kind of connecting the dots here with
1:14:43
what you've been covering regarding, you know, a lot of
1:14:45
these very wealthy count countries having trouble, having
1:14:49
trouble selling bonds. And then, you know, the kind of
1:14:53
situation that Larry Leopard and Lynn Alden and James Lavish have
1:14:58
been talking about in regards to they don't have any other option
1:15:04
but to print, right? And the reality is that when
1:15:09
they print money, you know, hard assets are going to do
1:15:13
fantastic. I think that's why the price of
1:15:14
gold has been performing so well.
1:15:17
I think that's why Bitcoin has been performing so well.
1:15:20
But the vast majority of people don't have the means to
1:15:24
meaningfully save an assets, right?
1:15:27
So, you know, their purchasing power is just going to get
1:15:30
devalued like crazy. And I think that could be
1:15:34
really, really bad. So, yeah, I mean, you know it
1:15:38
now, do I do I know if it's going to.
1:15:41
The thing is like the thing about recessions and
1:15:43
depressions, like if everyone knew about them, like they'd be
1:15:45
able to time them and make a make a fortune.
1:15:47
But it kind of comes out of nowhere, right?
1:15:50
And then you see it in hindsight, you're like, of
1:15:52
course, like what they were doing with mortgages was crazy.
1:15:56
Like duh, but like trying to predict it is like near, like
1:16:00
trying to predict markets is impossible.
1:16:02
Like you can, you can pull up the data and, you know, make a
1:16:07
very good case for things, but you know, it's an impossibility.
1:16:13
But I what I will say is like, if we talk about the things that
1:16:16
we know are for certain, we know that the United States is on an
1:16:20
unsustainable fiscal, fiscal situation.
1:16:27
I think they're going to kick the can down the road to to kind
1:16:29
of weave it back in with what we were talking about in the
1:16:31
beginning of the show. They're going to kick down the
1:16:33
they're going to kick down the can using stable coins.
1:16:38
I think that's going to buy them a lot of time, to be honest with
1:16:41
you. But I think they're going to
1:16:43
have to print. I think eventually they're going
1:16:45
to have to print there's and I think you know, how is going to
1:16:49
lower rates in September, which is going to be a fantastic for
1:16:56
assets. And yeah, but I I will say like
1:17:00
it is kind of scary like the debt 37 What what was it?
1:17:04
Opti was something ridiculous. 37 trillion.
1:17:07
I have to look at this. Here I'll pull it up.
1:17:10
I got it 37 1/2 ish. Is it really?
1:17:14
37G45 debt clock right here. That's crazy bro.
1:17:21
And then unfunded debt 104.3 trillion.
1:17:26
Oh wow, 37.5 that's wild, huh? Yeah.
1:17:32
Totally sustainable, Nico. That's wild.
1:17:35
And what the interest payments are. 1 trillion crazy boys.
1:17:42
Yeah, right here. Bottom, bottom, right, right
1:17:44
here. Super chill, literally interest
1:17:51
payments higher than defense spending.
1:17:53
Totally sustainable, boys and girls.
1:17:59
You. Probably want some Bitcoin.
1:18:01
That's crazy, bro. You know that's crazy.
1:18:04
I mean, you got to pull this up. Yeah, that's wild.
1:18:13
Wow, OK. I mean total debt 104 trillion.
1:18:17
I like, guys, do you even know how big a trillion is?
1:18:20
It's huge. It's insane.
1:18:23
They're like, what's Lynn all to know?
1:18:25
He says they can't stop this train.
1:18:28
Or as Larry Leppard said, big print is coming.
1:18:31
And if we're seeing all these indicators from people that
1:18:34
they're moving away from, you know, they're getting scared the
1:18:39
big print might be sooner than we think.
1:18:42
Yeah, yeah, I, I, I, I agree with that, man.
1:18:45
I mean, you look at those numbers, it's crazy.
1:18:47
I mean, just to give you guys A-frame of reference, right, the
1:18:49
GDP of El Salvador is like something like.
1:18:56
It's like 32 billion. Dollars and here here's the US
1:19:00
government like paying a trillion with a tee in in in
1:19:04
interest on a yearly basis is wild.
1:19:07
Anyways, guys, we're going to be giving away some Satoshi's.
1:19:11
Be our friends over at Bitcoin Well, this is the Bitcoin
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wishing well contest. Every time you buy Bitcoin on
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you could use those points towards a variety of different
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So go to bitcoinwell.com/simply today.
1:20:06
Alright everybody, that was today's show for September 8th,
1:20:09
2025. I'm gonna be traveling.
1:20:11
I'm gonna be out of town for the week, but don't worry, Opti's
1:20:15
gonna be holding it down from Tuesday to Friday.
1:20:20
So we're gonna be having amazing shows with with Luke, with
1:20:25
Sophie. Everyone's been asking for
1:20:27
Sophie. Don't worry, she's coming back.
1:20:28
She's been traveling with me, but yes, so I'm going to be out
1:20:32
of town for the rest of the week.
1:20:33
Don't worry, I'll be back next Monday.
1:20:34
Me and Opti are going to be doing the shows together again,
1:20:38
which I'm really excited about and Opti, I think it's this is
1:20:41
the month we might have a surprise for you guys.
1:20:44
I think you guys will enjoy as well.
1:20:46
So if you guys enjoyed today's show again, September 8th, 2025,
1:20:50
make sure to smash that like button.
1:20:52
Consider subscribing if you feel like we provided you value.
1:20:55
I'm your host Nico. This is my legendary Co host,
1:20:57
Nilus Fields. For today, we're simply Bitcoin
1:21:00
and we'll see you guys tomorrow for a brand new episode.
1:21:02
Take care, everybody. Today's episode was brought to
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1:21:09
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