Latest / Simply Bitcoin / $6T Central Bank ATTACK Fails! $330B Country JUST ESCAPED With Bitcoin! | EP 1177

Transcript

$6T Central Bank ATTACK Fails! $330B Country JUST ESCAPED With Bitcoin! | EP 1177 · Simply Bitcoin

• 0:00
  Yo, the next potential Bitcoin country just made a massive
• 0:05
  statement against the world's elites today.
• 0:08
  Despite the head of the six trillion ECB openly attacking
• 0:14
  these countries recent Bitcoin announcement, it doesn't seem to
• 0:18
  be slowing down this $330 billion giant adoption of
• 0:24
  Bitcoin. The country in Europe we're
• 0:26
  talking about today not only has a central bank governor publicly
• 0:31
  declaring that they're looking into buying Bitcoin, but also
• 0:36
  today the country removed all capital gains tax on Bitcoin if
• 0:41
  you hold it for more than three years.
• 0:44
  So what country are we talking about?
• 0:47
  We're talking about the Czech Republic.
• 0:50
  And what could this mean for the rest of the world?
• 0:54
  Before we jump into it, I want to bring up my legendary Co host
• 0:57
  who's always optimistic optimist fields in the house AK Opti.
• 1:02
  So I mean this massive news coming out of the Czech
• 1:05
  Republic. Here is the Financial Times AK,
• 1:08
  the Fiat Times, which I think we've been finding out these
• 1:12
  last couple of days according to Doge.
• 1:15
  Now we know who's funding all the legacy media.
• 1:17
  Apparently it's been the US government the entire time.
• 1:20
  I mean, it makes sense why the New York Times was attacking so
• 1:24
  hell bent on attacking Bitcoin all these years.
• 1:27
  Now we know that it was the US government funding the New York
• 1:30
  Times. Absolutely hilarious.
• 1:32
  Anyways, So what are we talking about today?
• 1:35
  Here's the headline from Financial Times.
• 1:37
  Check. Central bank head wants it to
• 1:40
  buy by billions of euros in Bitcoin.
• 1:43
  It goes on to say the head of the Czech National Bank wants to
• 1:47
  plow billions of EUR worth of the country's reserves into
• 1:51
  Bitcoin, a groundbreaking move that could make it the first
• 1:55
  Western central bank known to hold crypto assets.
• 2:00
  Couple things about the Czech Republic that you guys might not
• 2:02
  know. The first mining pool in Europe
• 2:07
  goes by the name of brains. Actually comes from the Czech
• 2:10
  Republic, the first hardware wallet company in the world,
• 2:15
  it's called. Did I lose Nikko?
• 2:29
  Looks like I lost Nikko. Drop A1 in the chat.
• 2:33
  Am I still here One second? Let me check this.
• 2:40
  OK? Wow.
• 2:42
  All right, all right, let me let me get this news story because
• 2:51
  Nico just dropped out on me. OK, Wow.
• 2:57
  Is Internet is still absolutely wrecked.
• 3:00
  What a day. What a day.
• 3:01
  All right, here we go. Let me see if I got this.
• 3:06
  OK, pull this up for you guys. Sorry, we're doing this live.
• 3:09
  We're trying to take care of his Internet.
• 3:12
  Good thing I have the news here for you guys though.
• 3:17
  Moving forward, I might have to rebuild the show live for you.
• 3:21
  OK, he's officially gone. Hopefully pops back in.
• 3:28
  Here we go Wow, what a day. What a day.
• 3:32
  All right, so as you, yeah, government shut it down, won a
• 3:37
  lot of Nico in the chat. All right, so recapping here for
• 3:39
  you guys and I guess I'm going to have to build the show as we
• 3:42
  go because Nico had all the storage material here.
• 3:45
  But hey, show goes on. You already know the deal.
• 3:48
  Here is the first story. Obviously, Nico was using the
• 3:52
  Financial Times, but this story made its rounds around the
• 3:55
  Internet. First of all we got this story
• 3:58
  where it starts out Czech National Bank governor weighing
• 4:01
  in on Bitcoin being added to their reserves.
• 4:04
  Now obviously you just heard the beginning of it.
• 4:06
  Nico kind of just ramp down the beginning of it.
• 4:09
  But where he got cut off was event essentially saying that
• 4:11
  the first mining pool AKA brains was created in the Czech
• 4:14
  Republic and the first hardware wallet that was created was in
• 4:18
  the Czech Republic as well with Ledger.
• 4:20
  So this is looking like it's becoming a Bitcoin country.
• 4:24
  It's looking like it's becoming our safe haven over there.
• 4:26
  You got to love to see it. And so in response to this, I
• 4:28
  don't have the video right now because obviously I'm doing this
• 4:33
  on the fly and we didn't upload it.
• 4:36
  But in response to the Czech central bank governor talking
• 4:40
  about adding Bitcoin to their reserves, EC BS Christine
• 4:44
  Lagarde came out literally the day following and was like, hey,
• 4:47
  guys, I talked to the governor of the National Bank and, and
• 4:52
  I'm, I'm very confident that this isn't going to go through
• 4:56
  that. The Czech National Bank, the
• 4:58
  Czech central bank is not going to add Bitcoin to the reserves.
• 5:01
  And here's the headline from Reuters going EC BS, a card
• 5:05
  slaps down check proposal for Bitcoin reserves.
• 5:08
  So it looks like, you know, the $6 trillion attack from the ECB,
• 5:12
  the European Central Bank and Chrissy Lagarde herself, they
• 5:16
  may be fighting back. And this is very interesting.
• 5:19
  So it looks like the Czech Republic is becoming a safe
• 5:21
  haven for bit corners at large. And then just doubling down a
• 5:25
  little bit. We covered this, I think it was
• 5:27
  two weeks ago, it looks like. Let me see, is Nico back?
• 5:32
  Think I heard him. Czech Republic is what?
• 5:35
  What part? What part did I cut out?
• 5:37
  You cut out at Ledger bro. Oh, to the treasure part.
• 5:41
  Yeah. So I just covered the this a
• 5:43
  little bit of this, did we? Cover the Did we cover this
• 5:46
  article? I didn't cover the article.
• 5:48
  I didn't have it up. So let's let's go through it.
• 5:51
  Let's go through it. OK, so a couple things about the
• 5:53
  Czech Republic that people don't know.
• 5:55
  It's the first country with a first country with with a
• 6:02
  mining, first European country with the mining pool, and 1st
• 6:05
  European country with a hardware wallet.
• 6:09
  And the hardware wallet is treasure.
• 6:11
  So it goes on to say the head of the Czech National Bank wants to
• 6:14
  plow billions of EUR worth of the country's reserves into
• 6:17
  Bitcoin, a groundbreaking move that could make it the first
• 6:21
  Western central bank known to hold crypto assets.
• 6:25
  It goes on to say Governor Alas Mashil told the Financial Times
• 6:29
  that he would present a plan to the board to invest in Bitcoin
• 6:33
  as a way of diversifying the CN BS reserves at a meeting on
• 6:38
  Thursday. Should the board approve this,
• 6:40
  then the CNB could eventually hold as much as 5%.
• 6:45
  A $140 billion of reserves in Bitcoin, so absolutely massive
• 6:49
  for the Czech Republic, really leading the pack goes on to say,
• 6:54
  while acknowledging bitcoins extreme volatility and limited
• 6:57
  record. It goes on to say highlighted
• 7:00
  wider investor interest in Bitcoin since BlackRock and
• 7:04
  other companies last year launched since launch, since the
• 7:08
  launch of Bitcoin ETFs. He also pointed to the US
• 7:12
  President Donald Trump's pledges on deregulation and the growing
• 7:15
  influence of cryptocurrency executives over his
• 7:19
  administration. Now moving on to the next part
• 7:23
  where I think Czech Republic is really leading the the pack as
• 7:25
  well. Czech President Peter Pavel
• 7:28
  signs law to remove capital gains tax on Bitcoin after three
• 7:34
  years of huddling. So I mean, yeah, it, it is
• 7:38
  treasure. It is treasure for anyone who's
• 7:39
  confused in the in the chat. But I mean, this is huge.
• 7:42
  This is absolutely massive coming out of the Czech
• 7:45
  Republic. Them really, really leading the
• 7:47
  pack as it relates to Bitcoin. And you know, these capital
• 7:53
  gains laws are more favorable than the United States.
• 7:56
  Like we have to put it bluntly, you know, you would think that
• 7:59
  the United States would kind of lead the pack on all this stuff,
• 8:02
  but it seems like the Czech Republic is really leading the
• 8:06
  charge. So anyways Opti, what are your
• 8:08
  thoughts bro? Yeah, Well, I honestly think
• 8:12
  that this is so much bigger for adoption than people really are
• 8:17
  are realizing. Yes, of course, we we got the
• 8:20
  IMF news in El Salvador and that seemed kind of like a daunting
• 8:24
  thing that happened. It seemed kind of like a step
• 8:26
  backward. But I think eliminating capital
• 8:28
  gains is like the biggest thing that can happen for Bitcoin and
• 8:31
  Bitcoiners around the world. And I think the game theory
• 8:34
  playing out right now is absolutely huge.
• 8:36
  Obviously we're having a lot of talks in the US around a
• 8:38
  strategic Bitcoin, but personally I would love to see
• 8:42
  this happen in the US. To me, this would make the
• 8:44
  adoption of Bitcoin that much easier.
• 8:47
  All the obstacles around Bitcoin would would fall by the wayside.
• 8:50
  It would make people want to use Bitcoin more.
• 8:52
  Even though Bitcoin is being used currently for payments, I
• 8:55
  think this would be a huge like forward thinking step for the
• 8:59
  adoption of Bitcoin. Obviously, I think a lot of
• 9:02
  countries are kind of hesitant to do something similar of this.
• 9:06
  Obviously they they want to get those taxes in regards to your
• 9:09
  Bitcoin. But I think that this little
• 9:12
  step here from the Czech Republic, which if I'm
• 9:14
  remembering and I guess I could Fact Check this, I think the
• 9:17
  Czech Republic is one of the biggest economies in the world
• 9:21
  in in the European Union. I think it's the 7th if I'm
• 9:25
  remembering correctly. I am, I don't, in fact don't,
• 9:28
  don't quote me on that one, but it's one of the bigger economies
• 9:31
  in the European Union. And for them to kind of allow
• 9:34
  the, you know, the huddle to eliminate the huddle tax on, on
• 9:38
  Bitcoin. I think this is absolutely huge.
• 9:40
  And we're going to see, I think more countries follow suit on
• 9:43
  this. Obviously, I think we've seen
• 9:46
  something similar, not not necessarily in regards to
• 9:48
  Bitcoin, but like Singapore, you know, the is it Dubai, Nico that
• 9:52
  they don't have any capital gains tax and we've seen what
• 9:55
  that's done for their country. Obviously there's they're more
• 9:57
  city States and than actual like a full nation.
• 10:00
  So there's different considerations here.
• 10:02
  But I think this is huge and like we've been saying for a
• 10:05
  while that the dominoes that follow the ripple effects that
• 10:07
  will follow this happening. Obviously, there's probably
• 10:10
  going to be a delay here because you won't actually see like a
• 10:14
  overnight improvement for the Czech Republic.
• 10:18
  But I think this is absolutely a huge step forward.
• 10:21
  And I want to see more countries follow suit, especially Western
• 10:24
  countries, because of course, I'm, I'm in America, I'm an
• 10:27
  American. I, I want to see our government
• 10:29
  follow suit on this. I think that would be absolutely
• 10:32
  major. You know, Trump gets a lot of
• 10:35
  bad, bad raps. He's very divisive.
• 10:37
  But if he eliminates capital gains on Bitcoin, I don't care
• 10:40
  what you guys say, he is goaded. He is the, you know, best
• 10:43
  president since George Washington on just that, that
• 10:46
  little thing. Personally, I, that's how I
• 10:49
  would look on this because that would proliferate Bitcoin around
• 10:52
  the world, or rather more in the US and people would start using
• 10:54
  Bitcoin. It would be akin to using the
• 10:57
  dollar. And I think that would be huge.
• 10:59
  So this is a first huge step. I'm very hyped for the Czech
• 11:03
  Republic. It's starting to look, you know,
• 11:05
  Nika, you've been joking for a little bit about us having to
• 11:08
  move to El Salvador. Now I'm like, hey, maybe, maybe
• 11:12
  the Czech Republic doesn't look that bad as what place for us
• 11:14
  Bitcoiners to move. So shout out the BTC Prague, all
• 11:17
  the bit corners in Prague and the Czech Republic.
• 11:20
  This is huge. I think this is a visionary
• 11:23
  president here to pass this law. I'm super excited for the Czech
• 11:27
  Republic and really the dominoes that are going to follow
• 11:29
  afterwards, hopefully sooner than later.
• 11:31
  But man, you know, the US, if they really want to stay ahead
• 11:34
  and, and what would they say they want to become the crypto
• 11:37
  capital of the world. If they take this step, then I
• 11:40
  think that would ensure. But it, you know, they're,
• 11:43
  they're starting to become #3 here we have El Salvador as
• 11:45
  legal tender, though they kind of pulled that back.
• 11:47
  Now we have the Czech Republic and of course, like Singapore,
• 11:50
  etcetera, around the world that have eliminated capital gains.
• 11:53
  So man, I want to see this happen everywhere.
• 11:55
  If this happens, it's game over. Bitcoin's going to win.
• 11:59
  People are going to use Bitcoin. People are going to start to see
• 12:01
  that Bitcoin is a, a better not only store of value, but medium
• 12:05
  exchange, etcetera. Like this is how Bitcoin wins.
• 12:08
  Now people are more incentivized to actually adopt Bitcoin
• 12:11
  because they don't have the the economic and financial hurdles
• 12:15
  that scare people away. There's there's still a lot of
• 12:17
  people that are scared to use Bitcoin because of laws like
• 12:20
  this, even though a lot of bitcoiners don't really care.
• 12:23
  I think this is huge. I'm super, super excited for the
• 12:26
  Czech Republic. I think this president is very,
• 12:28
  very much forward-looking a visionary at this point and I'm
• 12:32
  excited to see what happens there.
• 12:33
  This is This is absolutely awesome A. 100% and it's not
• 12:36
  only the president, right, it's also the central Bank of the
• 12:40
  Czech Republic looking at Bitcoin and they're saying, hey,
• 12:43
  you know what holy cow, you know we can use we could put Bitcoin
• 12:48
  on our balance sheet as an alternative, right?
• 12:50
  So, and again, that country has a history of of, you know, the
• 12:56
  first hardware wallet company in the world comes from the Czech
• 12:59
  Republic Treasurer, the first one of the only, you know,
• 13:06
  Bitcoin mining pools in Europe brains comes from the Czech
• 13:10
  Republic. It's a very well known mining
• 13:12
  pool. So this is a history.
• 13:13
  This is a country that has a very long history with Bitcoin.
• 13:16
  One of the best Bitcoin conferences of the year, BTC
• 13:19
  Prague is in the Czech Republic. And now it seems like their
• 13:23
  government is really leading the charge over there and saying,
• 13:26
  you know what, you're actually incentivized to huddle.
• 13:30
  You're incentivized to huddle. You're incentivized to huddle
• 13:34
  your Bitcoin for at least three years.
• 13:36
  Look at that. It's like a government is
• 13:38
  actually doing what's good for its people.
• 13:41
  Like how? Who would have thought?
• 13:43
  Who would have thought? Is that even possible?
• 13:45
  Right, So very positive news coming out of the Czech Republic
• 13:49
  and this kind of goes into the better flag theory that we've
• 13:53
  talked a lot about on simply Bitcoin when nation States and
• 13:57
  governments create a more favorable tax regulation or more
• 14:02
  for favorable business regulation as an individual,
• 14:06
  right and simply is all remote and this entire company's
• 14:10
  entirely remote. Opti's in another city.
• 14:12
  I'm in another city like we can just get up and go where we're
• 14:17
  treated best, right? That's the awesome part of, you
• 14:20
  know, about becoming a sovereign individual, taking Bitcoin into
• 14:24
  self custody. You can vote with your feet if
• 14:27
  things get bad, right? And that's one of the most
• 14:29
  powerful things that Bitcoin gives you the ability to vote
• 14:33
  with your feet if you don't like your jurisdiction.
• 14:37
  Anyways, I do want to give a shout out to everybody watching
• 14:39
  us live right now. Want to give a shout out to the
• 14:41
  YouTube audience? Want to give a shout out to the
• 14:44
  humble audience and I do want to give a shout out of course to
• 14:48
  the X audience as well. If you guys are enjoying the
• 14:50
  show so far, make sure to smash that like button.
• 14:53
  You guys are listening to simply Bitcoin live anyways guys, we
• 14:57
  have a ton of news for you guys today.
• 15:01
  We have a jam packed show. We have Senator Cynthia Lummus,
• 15:04
  the Bitcoin Senator unpacking the things that were happening
• 15:10
  during Operation Choke .2 Point O.
• 15:13
  We're going to play you guys those clips.
• 15:15
  And during the during the news segment, we have Lynn Alden
• 15:20
  making three predictions for Bitcoin in 2025.
• 15:23
  So it's going to be a jam packed show guys.
• 15:25
  Stay tuned. Before we jump into it, I do
• 15:28
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  All right everybody, let's get to the numbers.
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  We have tons to talk about today.
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  At the time of recording, the Bitcoin prices 96,880 block
• 18:51
  height 882,580 sats per dollar 1032 market cap 1.9 trillion
• 19:00
  Bitcoin versus gold market cap 9.62% percentage issued 94.38%
• 19:07
  declined from all time high -11.2% realized monetary
• 19:11
  inflation 1.02%. Anyways guys, we talked, we've
• 19:16
  been talking to you guys about Operation Choke .2 Point O.
• 19:19
  In fact, we were one of the only channels that was covering it
• 19:23
  almost on a day-to-day basis. You guys saw me and Opti go from
• 19:27
  a position of, oh, no, they just don't know any better to like
• 19:31
  straight up saying vote for Trump because these guys, the,
• 19:34
  the Biden administration is trying to stop the industry.
• 19:38
  But we did give them the benefit of the doubt for the longest
• 19:41
  time. And it seems like what Elon is
• 19:46
  doing with DOGE and discovering a lot of corruption and fraud.
• 19:49
  It seems like something very similar is happening in regards
• 19:53
  to Operation Choke .2 point O in regards to the FDIC, in regards
• 19:58
  to the Federal Reserve, it looks like they purposely targeted the
• 20:03
  industry. It looks like they purposely
• 20:06
  debanked certain individuals. Like who would have thought?
• 20:10
  And D by the way, this is the same people that are begging.
• 20:15
  To trust them with the central bank digital currency, that
• 20:19
  sounds like a horrible, horrible idea.
• 20:22
  So quick refresher before we jump into the Cynthia Lummis
• 20:26
  clip. Here is Nick Carter.
• 20:28
  He says Senator Lummis says she has been contacted by FDIC
• 20:32
  whistleblowers regarding operation to Operation Choke .2.
• 20:37
  Point O demands preservation of all materials, including those
• 20:41
  relating to Silvergate and Signature Bank shutdowns.
• 20:44
  Threatens criminal referrals if destruction of records is
• 20:47
  unearthed. Gloves are off.
• 20:50
  And I actually had an interview with Senator Lummus.
• 20:53
  You guys could check it over, check it out.
• 20:54
  The Simply Bitcoin channel, the Twitter account, the YouTube
• 20:57
  account, the Rumble account, the podcast.
• 21:00
  The podcast episode actually comes out on Saturday.
• 21:03
  But essentially I asked him, like, what's going on on there?
• 21:06
  There's members of the FDIC that are shredding documents.
• 21:10
  They're trying to cover their tracks in regards to Operation
• 21:13
  Choke Point two point O what? Listen, if you have nothing to
• 21:17
  hide, if you colored within the lines, if you didn't do anything
• 21:21
  illegal, why are you shredding documents like that is crazy.
• 21:26
  This is crazy. This is this is absolute mania.
• 21:30
  What happened the the these last four years in regards to the
• 21:34
  Bitcoin industry. I don't want to talk about all
• 21:36
  the other political stuff, but anyways, here is Senator Cynthia
• 21:42
  Lummis and some updates in regards to what happened during
• 21:46
  Operation Choke .2 Point O. Here's Senator Lummis and I
• 21:51
  don't know what is going on here.
• 21:52
  I apologize. Wait, what is happening?
• 21:56
  Let me refresh just. Scroll down.
• 21:58
  Just Scroll down. I know, but I have a giant black
• 22:00
  box and on my screen, OK. Today, banking GOP discovered
• 22:05
  the first indisputable evidence of Operation Choke .2 Point O.
• 22:10
  Rest assured, the Subcommittee on Digital Assets will find
• 22:14
  these responsible and hold them accountable.
• 22:17
  Now, here's a clip of Senator Cynthia Lummis on legacy media
• 22:21
  talking about it. Let's check it out.
• 22:24
  Well, certainly the bank supervision component of the Fed
• 22:30
  was telling bank examiners that you could assess risk based on
• 22:40
  beliefs, whether a bank president had conversations that
• 22:46
  were expressed that were controversial.
• 22:50
  And that's in memos that we discovered at the Fed.
• 22:55
  So these were federal regulators, unelected
• 22:59
  bureaucrats going after bank customers, choosing who could
• 23:04
  have a bank account, who couldn't, which businesses were
• 23:07
  going to have to go out of business because these little
• 23:09
  bank examiners didn't like the business.
• 23:12
  So we know the government was part of it.
• 23:15
  We need to find out further whether the banks themselves
• 23:18
  were part of it or whether the DE banking was actually directed
• 23:23
  by the executive branch of our government.
• 23:26
  And then we need to decide whether we need to be able to
• 23:29
  get FOIA to get Freedom of Freedom of Information Act
• 23:35
  access to the Fed. We whether we need to have
• 23:39
  certain new people at the federal division on bank
• 23:43
  supervision that are confirmed by the Senate.
• 23:47
  What we do know is there is inadequate oversight of the
• 23:52
  banks. So I mean like, what world do we
• 24:00
  live in where you get debanked based on your political
• 24:05
  opinions? Like what?
• 24:09
  This is not supposed to happen in a modern representative
• 24:14
  democracy. This is not supposed to happen.
• 24:16
  This is like some tyrannical level government type of stuff.
• 24:22
  And honestly, you know, them shredding documents, what Elon
• 24:27
  is discovering with Doge, it's not a good look.
• 24:32
  It's not a good look. And now it kind of explains the
• 24:37
  hostility that the previous administration had towards the
• 24:41
  industry, the hostility that the previous administration had
• 24:44
  towards the the the latest election.
• 24:47
  It explains why the legacy media acted the way they did.
• 24:53
  I see someone in the comments talking about what is Operation
• 24:56
  Choke .2 Point O. So that is a coin.
• 24:59
  That is a term that was coined by Nick Carter.
• 25:03
  And it's something actually that we picked up on simply in the
• 25:07
  beginning to give us credit, we picked up on simply very early
• 25:11
  on in 2024. And essentially what we started
• 25:15
  to notice is it it's almost as if our industry was being
• 25:20
  targeted by elements of the federal government.
• 25:23
  So Caitlin Long's bank that was trying to get a federal banking
• 25:29
  charter and she was going to be one of the first Bitcoin slash
• 25:32
  crypto native banks. Her banking charter was denied
• 25:37
  even though her bank was a fully reserved bank like it checked
• 25:41
  all the boxes. The de banking of a lot of of
• 25:46
  Bitcoin and crypto companies in the United States.
• 25:50
  And now it's came out that Signature Bank was purposely
• 25:54
  sabotaged and shut down because it banked the Bitcoin slash
• 26:00
  crypto industry. The proposed 30% Bitcoin mining
• 26:05
  tax, the arrest of the Tornado Cash developers, which set a
• 26:09
  precedent, that essentially a legal precedent that the US
• 26:13
  government can sanction open source software and the US
• 26:17
  government can arrest open source developers if criminals
• 26:23
  use their software, which is a crazy president.
• 26:26
  That's like as if, look, you created a software, someone
• 26:30
  decided to use it as a crime, but you, the software developer,
• 26:34
  are the one responsible or are held responsible for that.
• 26:38
  Like that's absurd. And of course, that set the
• 26:40
  precedent. And then about a month after the
• 26:43
  arrest of the of the Tornado Cash developers was the arrest
• 26:47
  of the Samurai developers essentially saying that privacy
• 26:51
  is illegal. And both those mixing services,
• 26:55
  if you look at the numbers, the vast majority of people that you
• 27:00
  Samurai and use Tornado Cash, we're not using it for illicit
• 27:04
  means. It was only a small percentage
• 27:07
  of people that were using it for criminal activity.
• 27:10
  But I think that they targeted the industry because essentially
• 27:13
  what they wanted to do was they wanted to create a monopoly for
• 27:17
  a central bank digital currency. They they didn't want a central
• 27:22
  bank digital currency to have any competition, especially
• 27:25
  competition from the free market.
• 27:27
  And that's what Operation Choke Point 2.0 was all about.
• 27:31
  It was an attempt to isolate the Bitcoin industry from the
• 27:35
  traditional financial system because the moment that the
• 27:38
  traditional finance financial system or Tradfi started getting
• 27:43
  exposure to Bitcoin and started benefiting from number go up
• 27:47
  technology, it was going to be a lot harder for the government to
• 27:50
  come in and say, hey, you know what this Bitcoin thing is bad
• 27:55
  like. So essentially they, the US
• 27:57
  government tried to step in and basically destroy the industry
• 28:02
  within the United States. And now we're starting to
• 28:05
  uncover what really happened. And if you connect this with all
• 28:09
  the other things that were happening around the same time,
• 28:12
  the de banking of individuals based on their political ideas.
• 28:17
  So it wasn't just the targeting of the Bitcoin and crypto
• 28:20
  industry. It was targeting people based on
• 28:23
  their political beliefs and then also the censorship of
• 28:28
  information that was revealed as soon as Elon bought X and the
• 28:32
  Twitter files came out. Like where it was confirmed that
• 28:36
  the US government was essentially acting, asking
• 28:40
  social media companies to censor on its behalf.
• 28:43
  Like that is not supposed to happen with the First Amendment.
• 28:48
  First Amendment Congress shall make no law, you know, abridging
• 28:52
  the speech of Americans. Something along the lines I'm
• 28:54
  paraphrasing and then of course, against the 4th Amendment, which
• 28:57
  is no unreasonable searches and seizures.
• 28:59
  So this is absurd. This is crazy.
• 29:02
  And I'm telling you, we're only 16 days into this
• 29:04
  administration. What they're going to discover,
• 29:07
  what Elon is going to continue discovering with DOGE and what
• 29:11
  Senator Lummus is going to continue to discover with what
• 29:14
  really happened with Operation Choke Point 2.0, I think is
• 29:18
  going to completely shock Americans.
• 29:21
  I think you're going to see what was happening.
• 29:23
  You're like, holy cow. Like they tried to sabotage the
• 29:27
  industry, they tried to destroy Bitcoin, they tried to destroy
• 29:32
  crypto. And I think the whole motivation
• 29:35
  behind all of this was it was it was because governments
• 29:41
  fundamentally want to retain their privilege and their power
• 29:47
  of being, of being able to essentially create money for
• 29:50
  free that everyone else has to work for.
• 29:54
  And essentially the way that you should see the Fiat system,
• 29:58
  because it's a system based on theft, the money is literally
• 30:02
  designed to lose purchasing power over time.
• 30:05
  It requires coercion in order for people to use it, like for
• 30:11
  in order for people to use it. So coercion means you have to
• 30:14
  censor people questioning the system.
• 30:17
  Coercion means you have to shut down alternatives to the the
• 30:22
  primary system that is based on theft.
• 30:26
  If you have an incentive based system, which is Bitcoin, it
• 30:29
  actually doesn't require any type of coercion.
• 30:34
  It's all incentives. Who wouldn't want to use money
• 30:37
  that is designed to increase in purchasing power forever?
• 30:41
  That sounds like a great idea where governments essentially
• 30:45
  have to coerce you into using a system where you're purchasing
• 30:49
  power is designed to go down forever.
• 30:53
  Like it it, it's very obvious what happens.
• 30:56
  And I think the things that Elon and Senator Lummis are going to
• 30:59
  uncover is going to be more than a smoking gun and it's going to
• 31:04
  prove what we were saying for the longest time.
• 31:06
  But I think the silver lining here, before I pass it on to
• 31:10
  Opti, is the silver lining is I don't think bitcoiners would
• 31:16
  have gotten political. I don't think our industry would
• 31:18
  have thrown our hat in the political ring if we weren't
• 31:22
  forced to. And I think as soon as the
• 31:25
  samurai wallet developers were arrested, you guys saw how much
• 31:29
  we changed on this channel. I went from giving Opti a hard
• 31:35
  time for, for saying the word Trump Derangement Syndrome to
• 31:39
  like, as soon as I heard that the samurai wallet developers
• 31:43
  were arrested, I was like Trump 2024.
• 31:45
  I was like RFK 2024. If, if we, if we have just stood
• 31:51
  still and Kamala would have gotten elected, our industry
• 31:55
  would still be under attack. Ross would still be in prison.
• 32:01
  There's a high likelihood that we might have we, we probably
• 32:04
  would have had to move to El Salvador at least.
• 32:08
  Like things were getting dark and you know, what tends to
• 32:12
  happen is, is a president or administration on their second
• 32:16
  term tends to not care as much as their first term because they
• 32:20
  know they don't have to get re elected again, right?
• 32:23
  So it would have been really, really, really bad.
• 32:28
  And I think that now that we're in the room, because this is
• 32:32
  something about politics and DC that a lot of you guys have to
• 32:35
  understand, if you're not in the room, you're not in the deal.
• 32:39
  Now, Bitcoiners in the Bitcoin industry are now part of the
• 32:43
  donor class in Washington, DC. We're part of the donor class.
• 32:48
  We're there. We have a presence there, so our
• 32:51
  voice, they don't have a choice but to hear our voice.
• 32:54
  This is why you see the Trump administration talking about a
• 32:57
  strategic Bitcoin reserve. This is why in the executive
• 33:01
  order, it specifically said that his administration will protect
• 33:04
  the right to run a node, protect the right to self custody and is
• 33:07
  looking into Bitcoin. This is why it all happened.
• 33:11
  It didn't happen because Trump just all of a all of a sudden
• 33:14
  found Satoshi and he was like, oh, this is a great idea.
• 33:17
  It happened because Bitcoiners helped him get elected.
• 33:21
  That's what happened, right? So hopefully what I think, what
• 33:26
  I think, what I hope should happen over the next couple of
• 33:29
  years is essentially Bitcoin becomes so popular that
• 33:34
  regardless of political party, it is unviable for you to be
• 33:40
  against Bitcoin and hope that you're going to get re elected.
• 33:43
  I hope that's the direction it goes to.
• 33:47
  I'll see what happens. So far.
• 33:50
  There's an element of the Democratic Party, and we have to
• 33:52
  be honest here, not not the entire Democratic Party.
• 33:57
  There's Senator Gillibrand and there's Congressman Ro Khanna.
• 34:01
  So it's not monolithic, but there's an element of the
• 34:05
  Democratic Party, the Elizabeth Warren camp, that needs to be
• 34:10
  voted out because they are inherently anti Bitcoin, they're
• 34:14
  inherently anti our industry because what they want, and it's
• 34:19
  not for the betterment of the American people, it's for the
• 34:22
  betterment of themselves. What they want is a continuation
• 34:26
  of the Fiat system, which is a central bank digital currency.
• 34:31
  That's what they want. And as soon as Bitcoin, as as
• 34:34
  long as Bitcoin exists and people can use Bitcoin, no one
• 34:38
  is going to adopt A central bank digital currency without being
• 34:42
  coerced into adopting it. So anyhow, positive news from
• 34:48
  Senator, Senator Cynthia Lummus, the Bitcoin senator, She's
• 34:52
  absolutely killing it. She's doing a great job and
• 34:55
  we're going to cover it for you guys.
• 34:56
  So stay tuned to Simply Bitcoin. We're going to cover what really
• 35:00
  happened during Operation Choke Point 2.0.
• 35:04
  Because I suspect if they're shredding documents, if they're
• 35:08
  trying to bury evidence, I suspect there's a lot of things
• 35:11
  that they did last year that that wasn't exactly legal.
• 35:16
  Because if it was legal, then why are they shredding
• 35:18
  documents? Why are they trying to cover the
• 35:21
  evidence? Why are they trying to cover
• 35:22
  their tracks? It doesn't make sense anyways,
• 35:26
  Opti. What's your take?
• 35:29
  Excuse me personally, I'm, I'm, I'm not surprised by any of this
• 35:32
  stuff. I this this to me seems like
• 35:34
  standard policies by, you know, corrupt politicians.
• 35:38
  But you know, I'm the conspiracy there is here.
• 35:41
  But it is good to well, even though they're trying to destroy
• 35:44
  the paper trail, I think it has been good to uncover the paper
• 35:48
  trail for for at least as best as we can throughout this whole
• 35:52
  journey because 2024, it did seem for a while that we were
• 35:55
  kind of in the dark about what was actually going on.
• 35:58
  And now it's become very clear what was actually going on.
• 36:01
  And now the fact that they're trying to cover their tracks, I
• 36:03
  think makes them even more guilty as far as I'm concerned.
• 36:07
  So am I surprised? No, not at all.
• 36:09
  But one interesting thing that did come out yesterday or yeah,
• 36:13
  yesterday or maybe this morning is that it was actually
• 36:16
  yesterday. Sorry, it was that now the FDIC
• 36:19
  is looking over their quote UN quote crypto guidelines so that
• 36:21
  banks can custody Bitcoin and other, you know, shit coins and
• 36:25
  stuff. So it is very interesting now
• 36:27
  that because of a new, the administration, they're
• 36:30
  seemingly changing their tune on a dime here.
• 36:33
  So on the one hand, we all know that Operation Chuck Point 2.0
• 36:37
  was trying to do their best to hamper the adoption of Bitcoin.
• 36:40
  They're trying to destroy records on this.
• 36:42
  You know, shout out to Senator Lummus for continuing to kind of
• 36:45
  make noise around that. And now it seems that they are
• 36:48
  trying to do their best to ensure that banks can custody
• 36:51
  Bitcoin. So it is very interesting how I
• 36:55
  don't know, I don't know what the right words here would be,
• 36:57
  but how fickle their stances are on everything when or, you know,
• 37:01
  how quickly they change their tunes when the wind start to
• 37:04
  change. And it's becoming very obvious
• 37:06
  that Bitcoin is becoming a priority for the Trump
• 37:08
  administration. Obviously, they've been saying
• 37:11
  for a while that they're kind of looking at Bitcoin as a second
• 37:13
  Wall Street. And we all know, you know, Trump
• 37:16
  loves Wall Street, Trump's, you know, real estate guy.
• 37:18
  So he wants to see Wall Street pump.
• 37:20
  He wants to see Bitcoin pump. And in the face of all this
• 37:22
  stuff, considering what's been going on the last couple of
• 37:24
  days, it is very interesting to see the institution start to
• 37:28
  crumble and change their tune. So hey, I'm all for this.
• 37:32
  Obviously, I want individuals to be able to use Bitcoin without
• 37:37
  these obstacles and this red tape.
• 37:40
  And on that front, though, it is becoming very obvious that now,
• 37:45
  as Nico likes to say, we're in the room, like politics has
• 37:47
  landed on our door. And I'm actually going to kind
• 37:49
  of cover a Piero Chard article on the culture today because I
• 37:52
  felt like I was a little negative yesterday.
• 37:53
  So we're going to we're going to flip yesterday's culture a
• 37:56
  little bit and talk about where we are right now.
• 37:59
  The important. So shout out to Pierre because
• 38:01
  you know, as much as Bitcoin is censorship resistant and the
• 38:04
  mean Bitcoin is for enemies, we we don't need to make enemies
• 38:07
  for no reason. And here we are.
• 38:09
  They're obviously coming after us.
• 38:11
  I think it's been very obvious that they will come after us and
• 38:13
  they're going to come after us because hey, they lose control
• 38:16
  of the Fiat system and people start to move in Bitcoin.
• 38:19
  Then they're really losing their power.
• 38:20
  And obviously they're going to do whatever they can to hamper
• 38:22
  that that adoption of Bitcoin. And did anyone think that this
• 38:26
  was going to be easy? Obviously we want to play this
• 38:30
  out for as long as possible or rather the the adoption into the
• 38:33
  Bitcoin system, we want it to be as nonviolent as possible.
• 38:37
  But as we know, the people in power aren't going to give up
• 38:40
  that power easily. And so the fact that we have
• 38:42
  this data, or at least had this data at this point, I think this
• 38:46
  goes to show that the powers that be are terrified of
• 38:48
  Bitcoin. So, you know, to do with that
• 38:51
  information as you will personally, that just makes me
• 38:53
  more more hyped about Bitcoin more on point and realizing that
• 38:58
  yes, like everything we say about Bitcoin in the Fiat system
• 39:01
  is true. And for the people that are
• 39:03
  still asleep at the wheel, well, look, we have a lot of data
• 39:05
  points here and you can call us crazy.
• 39:08
  You can call us, you know, just some some Youtubers on on, you
• 39:12
  know, some Youtubers Bitcoiners, But hey, the data's there if you
• 39:15
  really want to look into it. And but at this point, a lot of
• 39:18
  people don't actually want to look into the facts.
• 39:20
  It's all about their feelings and the narratives that they've
• 39:22
  conjured up around Bitcoin. But hey, that just means we'll
• 39:26
  just keep building and keep doing what we do and Bitcoin
• 39:28
  will continue to to rise in price.
• 39:31
  And hey, man, well, you know, we've tried and we will continue
• 39:33
  to try to get people on Bitcoin. But if you don't want to look at
• 39:37
  the data and re evaluate what was they saying that re evaluate
• 39:40
  your monetary theories, man, you know we'll be here for you when
• 39:44
  you're ready. Absolutely, 100%.
• 39:48
  All right, guys, stay tuned. We have a clip of Lynn Alden
• 39:53
  making three predictions for 2025 during the news segment.
• 39:56
  We're going to talk about that. And then like Opti was saying
• 40:00
  during the culture segment, he has an article by the one and
• 40:03
  only Pierre Richard. I actually had an interview with
• 40:06
  him the other week. We're going to be dropping that
• 40:08
  Simply Bitcoin IRL on Saturday. So I hope you guys enjoy that
• 40:12
  conversation. Anyways, guys, we are going to
• 40:15
  hit the news. We will be.
• 40:16
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• 42:43
  All right, everybody, let's jump into today's news.
• 42:46
  We have a lots to talk about. We are only Lynn Alden.
• 42:51
  Lynn Alden is the author of broken money, a history of how
• 42:54
  currency has transformed from a better instrument with various
• 42:57
  freedom benefits into a tool of electronic control.
• 43:01
  So Lynn Alden is an absolute legend and she recently had an
• 43:05
  interview on the legacy media and let's check it out and then
• 43:09
  me and Opti will have a discussion about it.
• 43:11
  Lynn, you lay out three reasons that people should be
• 43:14
  considering investing in Bitcoin this year.
• 43:16
  Break them down for us. So one of them is the fact that
• 43:19
  Bitcoins network effect remains very strong.
• 43:21
  So when you look at Bitcoin dominance, the percentage of the
• 43:23
  total cryptocurrency ecosystem that the Bitcoin represents,
• 43:28
  that's been the rise lately, it's very strong.
• 43:30
  There's millions of cryptocurrencies now and Bitcoin
• 43:33
  is well over half of the entire space, especially when you strip
• 43:36
  out stable coins, which are basically just dollars trading
• 43:38
  on crypto rails. So Bitcoin dominance is looking
• 43:41
  very healthy when you look at various kind of on chain
• 43:44
  indicators of euphoria. So for example, market value on
• 43:48
  chain cost basis in aggregate, it doesn't look like prior cycle
• 43:53
  tops yet. It doesn't mean that market
• 43:54
  structure might not change or cycles might not change.
• 43:57
  But in general, we don't see some of the warning signs that
• 44:00
  we normally see it at major cycle tops like 20/21/2017 and
• 44:05
  that type of thing. And then also we're finally
• 44:08
  seeing a lot more interest from corporations.
• 44:10
  So in the, in the prior cycle, micro strategy was the main
• 44:13
  corporation that added Bitcoin to its, its treasury as a
• 44:17
  treasury reserve asset. And we didn't really see a lot
• 44:19
  of movement after that, despite the fact that micro strategy was
• 44:22
  advocating for it and holding confidence for it.
• 44:24
  But as you've seen better accounting and as you've seen a
• 44:27
  full cycle strong performance from micro strategy, this seems
• 44:31
  to be the cycle where actually we are getting more and more
• 44:33
  corporate announcements. And so I, I expect that trend to
• 44:35
  probably continue for a while longer.
• 44:37
  I think all these trends are pretty bullish for Bitcoin
• 44:40
  specific. So Lynn Alden absolutely
• 44:45
  breaking it down, talking about Bitcoin dominance and continuing
• 44:50
  to rise. Yeah, I mean, it looks like it's
• 44:53
  big daddy Bitcoin continuing to lead the pack.
• 44:55
  I think obviously we're a Bitcoin only show.
• 44:58
  We're a Bitcoin maxi show. So you guys know our stance on
• 45:01
  this. We are libertarians.
• 45:03
  So if you want to buy what's the latest altcoin Opti, that's a
• 45:08
  thing. If you want to buy Trump coin,
• 45:11
  that's all you. I we highly recommend against
• 45:14
  it. You will probably wreck
• 45:15
  yourself. But if you want to do that with
• 45:18
  your money and buy poop a coin, that's all up to you my friend.
• 45:22
  But Bitcoin dominance continues to ride rise.
• 45:25
  I think people are realizing, of course, that Bitcoin is the only
• 45:28
  true king. The institutional adoption
• 45:31
  MicroStrategy, which rebranded to strategy continues to lead
• 45:36
  the pack that he and Michael Saylors company out competed
• 45:40
  every other big the big seven, the big seven text tech stocks
• 45:45
  MicroStrategy outperform them by a wide margin.
• 45:50
  Of course the institutional adoption Selmer Scientific with
• 45:54
  Dylan Leclair and Metaplanet are doing as well.
• 45:56
  Looks like the Bitcoin strategy continues to prove itself.
• 46:00
  And of course, on the nation state level, you have many U.S.
• 46:03
  states where there's active legislation of them looking into
• 46:08
  making a Bitcoin strategic reserve on the state level.
• 46:11
  And of course, Cynthia Lamas really moving this initiative
• 46:15
  forward on the federal level with the US Bitcoin strategic
• 46:18
  reserve. We played you a clip of David
• 46:21
  Sacks, the so-called crypto czar appointed by the Trump
• 46:25
  administration. And he said that the Trump
• 46:27
  administration is currently looking into establishing AUS
• 46:31
  Bitcoin strategic reserve. So incredibly bullish things
• 46:36
  happening for Bitcoin. I think this year is going to be
• 46:38
  absolutely explosive. I think we're consolidating a
• 46:41
  little bit at these levels, levels we're chop solid dating,
• 46:45
  we're going sideways, but it's always a good reminder for
• 46:48
  everyone. Guys, we were at $60,000 six
• 46:52
  months ago and I think we were at $108,000 not too long ago.
• 46:58
  So tons of movement, 50% essentially as of late.
• 47:05
  And I think Bitcoins best days are ahead of it in in from my
• 47:10
  perspective anyways, if you guys are enjoying enjoying simply
• 47:13
  Bitcoin live, help us break 200 likes within the first hour of
• 47:17
  the show. We're already at 185 likes on
• 47:20
  YouTube. If you guys are enjoying the
• 47:22
  show on Rumble, smash the like button and the same thing.
• 47:25
  If you guys are enjoying the show on X, smash the like
• 47:28
  button. Anyways, Opti, what are your
• 47:30
  take? What's your take on on Lynn
• 47:36
  Alden and her perspectives on legacy media?
• 47:40
  Yeah, well, honestly, I thought that this could have been
• 47:44
  probably a good enough title or topic for the whole show because
• 47:47
  I know a lot of people out there, maybe it's new entrants
• 47:50
  or maybe it's just Bitcoiners that we still have like PTSD
• 47:53
  from the last cycle. But I've been seeing a lot of
• 47:55
  Bitcoiners saying and even in the chat, someone in the chat
• 47:58
  yesterday was saying that Bitcoin's only gone to like 120
• 48:01
  K this year. And to me that just seems
• 48:03
  ridiculous with all of the information we've been kind of
• 48:07
  uncovering or rather just kind of been getting pushed out.
• 48:10
  It's like a floodgates been opened up about bullish
• 48:12
  information around Bitcoin. Remember the report yesterday by
• 48:15
  Kathy Woods ARC? So many indicators to me are
• 48:19
  showing that this bull run hasn't even started yet.
• 48:22
  And the fact we are seeing Bitcoin kind of consolidate in
• 48:25
  that 100K range right now, I think that is such a strong
• 48:29
  signal considering what we're seeing happened in like the gold
• 48:32
  markets and the Fed repo markets and the, you know, Dixie charts
• 48:38
  on NASDAQ, like every indicator. And obviously I'm biased here.
• 48:42
  So, you know, you can take this with a grain of salt.
• 48:44
  I'm obviously biased for Bitcoin.
• 48:46
  I think Bitcoin is the, is the best way to hold your wealth.
• 48:48
  And so I'm seeing a lot of things right now play out where
• 48:52
  I think Bitcoin is still going to have an incredible run by the
• 48:55
  end of the year. And as someone that's been in
• 48:57
  the Bitcoin space for a while, I think this is my 8th year now or
• 49:00
  something like that. Bitcoin makes its runs in very
• 49:04
  short time spans. And I think at a certain point
• 49:07
  we will be seeing something similar play out.
• 49:10
  Or I'm kind of been leaning towards the slow progression of
• 49:14
  Bitcoin just kind of boring us where it goes sideways,
• 49:17
  consolidated for a little bit, then it makes another move up,
• 49:19
  does something similar for a few months and it kind of just does
• 49:22
  this, this like stairway move on the charts, just continuing to
• 49:26
  go up and to the right. But all these things are showing
• 49:30
  me that I think a few things are playing.
• 49:33
  One, obviously we're seeing a lot of institutional capital
• 49:36
  coming to Bitcoin and not too many of the capital inflows are
• 49:39
  going into the shit coin ETFs. And I don't really hear too many
• 49:43
  institutional capital managers talking about anything else
• 49:46
  besides Bitcoin. And again, what we're seeing in
• 49:49
  the global macro markets right now is that there is a lot of
• 49:53
  uncertainty and the best use case for money is to hedge
• 49:57
  against uncertainty. And we're seeing that people are
• 50:00
  starting to catch on to this idea that Bitcoin will maybe if
• 50:04
  you're being bullish and your Bitcoin will become the world
• 50:07
  reserve currency, or at the very least is the best performing
• 50:10
  asset in the last 15 years. It's a great store of value.
• 50:13
  And when you're in the face of looking at all this uncertainty,
• 50:16
  you want to put your capital in something that you know is going
• 50:19
  to go up and to the right, which is of course Bitcoin.
• 50:22
  But I'm not really hearing a lot of talk about other altcoins.
• 50:26
  Yes, there's like the meme coin rage right now.
• 50:29
  And when you look at kind of the Bitcoin dominance chart, and
• 50:32
  obviously this can change on the fly, it looks like the education
• 50:35
  levels of new entrants coming into Bitcoin are side skirting
• 50:39
  all of the altcoin madness. And they're starting to look at
• 50:42
  Bitcoin as basically the safest bet in the whole quote UN quote
• 50:46
  crypto market. It is Bitcoin and then it's
• 50:48
  everything else and everything else is just, you know, a
• 50:52
  software to steal your Bitcoin or rather a pump and dump our
• 50:56
  marketing scheme to take your Bitcoin and so all of these
• 50:59
  things. And then of course the nation
• 51:01
  state's talking about Bitcoin. Like today we had Czech
• 51:03
  Republic, the their central bank is talking about adding Bitcoin
• 51:06
  to their reserves. Obviously, I'm not the hugest
• 51:09
  fan of this, but hey, on the flip side, they just eliminated
• 51:12
  capital gain. So all of this conversation that
• 51:14
  I'm seeing, he's looking like, and I hate using it.
• 51:18
  The smart money is starting to look at at Bitcoin as the viable
• 51:22
  solution to the world's problems.
• 51:24
  And that just means we're all kind of ahead of the game.
• 51:27
  And even though we're kind of already living in the future,
• 51:30
  remember that Joe Rogan, we, I don't think we actually played
• 51:32
  it on this show, Nico, but Joe Rogan said there was a clip of
• 51:35
  him a couple of weeks ago him saying that like the Bitcoin,
• 51:39
  you know, super coders or the, the Super Bitcoin chads.
• 51:42
  I forget what he was saying that we're already living in the
• 51:45
  future and it's still there's still a delay of people
• 51:48
  understanding what is going on. Even the people that do
• 51:51
  understand what's going on in the Fiat system, they still have
• 51:54
  a hard time wrapping their heads around Bitcoin.
• 51:57
  All of that PhD Nobel laureate winner, economic winner, who is
• 52:01
  like, man, why is this Bitcoin thing going up?
• 52:04
  If, if it does work how I how I think it shouldn't work, That
• 52:08
  means we're going to have to re evaluate our monetary theories
• 52:11
  about everything. And we're like, yeah, that's
• 52:13
  exactly what's going on. There is a new form of money or
• 52:18
  some people could just say, you know, transparent distributed
• 52:20
  Ledger, whatever, whatever semantic you want to use.
• 52:23
  But there is something new. There's a new technology that is
• 52:26
  taking over the world. It's been put into hyperdrive
• 52:29
  because it's on top of the Internet.
• 52:31
  We live in a digital world. So everything to me is just
• 52:34
  showing that this bull run isn't over.
• 52:36
  I don't, I don't even think it's actually really even started,
• 52:38
  even though we went from 60K to about 100K in a very short time
• 52:43
  period. I think it's going to run and
• 52:46
  once it actually breaks 100K to the upside, because it seems to
• 52:50
  be consolidating really good around this 190K.
• 52:52
  And no matter what happens in the world, macroeconomic
• 52:55
  landscape, Bitcoin, yeah, may take a little dump, but it
• 52:59
  responds very quickly. And all of this is just showing
• 53:02
  me personally just how healthy the Bitcoin network actually is.
• 53:06
  It's very resilient as a network.
• 53:08
  And also it's the most salable liquid good 24/7 all, all of the
• 53:12
  Bitcoin fundamentals. So all of this stuff is just
• 53:15
  showing me that once Bitcoin does start running, it's going
• 53:19
  to be a massive, massive run. And you know, I'm here for it.
• 53:24
  Like nothing is telling me right now that this Bitcoin bull run
• 53:27
  is over. And obviously Lynn Alden has a,
• 53:29
  a much better pedigree than me. You know, she's she's been
• 53:34
  covering macro markets for a long time.
• 53:36
  I basically learned about all the macro markets through
• 53:38
  Bitcoin. So yes, I'm biased here.
• 53:40
  But as someone like Lynn Alden coming in and being like, this
• 53:44
  bull run isn't over, like there's three things that I can
• 53:47
  directly prove to show you that it isn't.
• 53:49
  I'm like, man, how could you be sitting on the sidelines?
• 53:52
  I think every single one of us needs to be stacking more
• 53:54
  Bitcoin considering that things are getting kind of crazy right
• 53:57
  now. You know, as bullish as we are,
• 54:00
  we also have to be pragmatic and realistic of where we are in the
• 54:03
  world economy. And there's there's a lot of
• 54:06
  uncertainty going on in the world.
• 54:07
  There's a lot of economic trade wars going on in the world.
• 54:11
  There's a lot of, you know, things that should be concerning
• 54:14
  you if you are trying to hold on to your wealth.
• 54:17
  And it's just very simple to hold Bitcoin.
• 54:19
  And people seem to kind of relegate it and be like, no,
• 54:22
  like that's like, you know, hey, kid, especially us, you know,
• 54:25
  like, we're not old. We're we're in our 30s.
• 54:27
  They're like, yeah, OK, kid, you know, stick around longer and
• 54:31
  maybe you'll learn some things about how the world works.
• 54:33
  And we're like, all right, bro, like if you say so, you know, I,
• 54:36
  I think winning and having your wealth increase overtime is a
• 54:40
  sign of understanding reality and what's working.
• 54:43
  But hey, you know, you guys can just say that we're idiot kids,
• 54:46
  but we'll just keep stacking and you know, the Bitcoin price will
• 54:50
  go up and hey, you know, maybe your assets will get devalued at
• 54:54
  the same time. So you know, I'm, I'm very, very
• 54:57
  willing to put it all on the line and you know, winner takes
• 55:01
  all in this economic game, this 0 sum game that is money.
• 55:05
  And I'm like, all right, man, you know, if the boat goes down,
• 55:08
  at least I tried and you know, we tried to effectuate change.
• 55:12
  So I don't know, man, I'm, I'm super bullish for this year.
• 55:15
  It's really what, one month into the year?
• 55:17
  I think by what historically around like October ish
• 55:21
  November, we should be seeing some kind of top here.
• 55:24
  So you know, buckle up, man. I, I think we got to lower our
• 55:27
  time preference. Have some patience here.
• 55:29
  Patience is a virtue. Bitcoin prices going up.
• 55:34
  Enjoy the journey, enjoy the hodling journey, and just sit
• 55:39
  back, relax and enjoy the ride. All right everybody, let's get
• 55:42
  to culture. We have tons to talk about.
• 55:44
  We'll be right back. I want to give a shout out to
• 55:46
  our sponsor Hive Digital Technologies.
• 55:49
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  hivedigitaltech.com. All right everybody, I do want
• 56:36
  to give a very special shout out to simply Bitcoin sponsor bit
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• 56:58
  year of the parabola the year after the having Historically,
• 57:02
  this is the best year that Bitcoin performs, even though
• 57:05
  the the beginning of the year has been quite lackluster to say
• 57:07
  the least Anyways, Opti, what are we going to touch you're
• 57:11
  bullish. Bro, I mean, honestly, I think
• 57:14
  everyone was expecting 120 K Bitcoin by now, but I know
• 57:17
  what's going on, what's going on.
• 57:19
  I know, but that's as we know Bitcoin does the exact opposite
• 57:23
  of what everyone believes it's going to do.
• 57:25
  And I think it holding at 100K like I just I think this is
• 57:28
  super bullish. I think I think this is a good
• 57:31
  stepping stone for where the the end of the year will be.
• 57:34
  So you know, hey, a little bit of patience.
• 57:36
  Obviously we all want the price to run, but also I think it's in
• 57:40
  a good position. I think the network is very
• 57:42
  healthy. The the price action is very
• 57:44
  healthy anyways, anyways, off topic.
• 57:47
  So yesterday, you know, I did my whole stable coin thing and when
• 57:50
  I got off the show, I, I was feeling, I was feeling like I
• 57:54
  was pessimistic fields on the show a little bit.
• 57:56
  And then this article dropped by Piero Shard, who's literally the
• 57:59
  GOAT. I wouldn't be here without Piero
• 58:01
  Shard and Bitstein originally with their podcast I'm blanking.
• 58:04
  I think it was noted podcast they did in around 2018-2019.
• 58:09
  Then of course, the Nakamoto Institute where all of you guys
• 58:12
  should go to read some of the best Bitcoin write ups.
• 58:15
  And anyways, Pierre Rochard back now, he's that right.
• 58:19
  I still believe. I still believe he's that right.
• 58:21
  Anyways, he dropped this article here.
• 58:23
  And I think it really, really kind of boils down all the
• 58:27
  things Nico and I have been saying on the show in regards to
• 58:31
  Bitcoin and Bitcoin kind of growing up and politics kind of
• 58:34
  landing on our door and kind of being keeping our heads on a
• 58:38
  swivel of looking at all the attack vectors.
• 58:42
  But also I see a lot of people on the chat usually saying like,
• 58:46
  we don't need politicians, like bring on the fight boys, like
• 58:48
  let's get it over with. And I think that's kind of a
• 58:52
  premature, maybe even a naive perspective.
• 58:54
  And Pierre Rashard does a great article here again, it's on
• 58:57
  Bitcoin magazine. He goes Bitcoin score remains
• 59:00
  unbreakable. Why surviving hostility doesn't
• 59:03
  mean we should court it and how proactive engagement secures a
• 59:06
  better future. Sounds exactly how Nico says it,
• 59:09
  just a little more eloquent. So I'm not going to read the
• 59:11
  whole article. I'll actually here look, I'll
• 59:13
  drop this in the chat for you guys if you guys want to read
• 59:16
  the whole article. But I real, I will read some of
• 59:17
  the bulk of it because it really does kind of layout the the
• 59:21
  whole thesis. And then Nico and I will kind of
• 59:22
  chat about it. So Bitcoin has forged to be
• 59:25
  unstoppable in an hostile environment.
• 59:28
  But let's be perfectly clear, surviving and thriving are two
• 59:32
  different things. Just because Bitcoin can
• 59:34
  withstand severe political antagonism doesn't mean we
• 59:36
  should want that antagonism, nor does it mean we shouldn't do
• 59:39
  everything possible to foster a favorable environment that
• 59:43
  accelerates adoption. Believing otherwise is a
• 59:46
  misreading of the core ethos. The brilliance of Bitcoin is
• 59:49
  that it remains permissionless and decentralized no matter who
• 59:52
  fights it, but that doesn't preclude us from working to
• 59:55
  ensure we have the most beneficial conditions for its
• 59:57
  long term success. In fact, public policy responses
• 1:00:01
  to regulatory and legislation inquiries have consistently
• 1:00:04
  reaffirmed these basics. Bitcoin strength is open source
• 1:00:08
  software, self custody and a wide distribution of mining and
• 1:00:11
  node operators, in other words. It's not about selling out, it's
• 1:00:14
  about ensuring our governments understand the benefits of
• 1:00:17
  Bitcoins open design. There's a difference between
• 1:00:20
  quote Bitcoin was built for a hostile environment and quote,
• 1:00:23
  we should want a hostile environment.
• 1:00:25
  Having an adversary resistant architecture doesn't demand that
• 1:00:28
  we sit back and ignore opportunities to reduce reduce
• 1:00:31
  friction. Whether an energy policy or
• 1:00:33
  everyday user experience. Yes, Bitcoin can and will
• 1:00:37
  survive if politicians and regulators turn hostile.
• 1:00:40
  But it's short sighted to treat hostility as a virtue.
• 1:00:44
  Hostility might slow adoption, push development offshore, or
• 1:00:47
  scare away everyday users who aren't ready for that level of
• 1:00:50
  conflict. Meanwhile, measured engagement
• 1:00:52
  with policy makers can prevent draconian bans, shape balance
• 1:00:56
  regulation, and offer legitimate pathways for institutional
• 1:01:00
  capital flow, in all of which we can speed up global usage of
• 1:01:03
  Bitcoin. It's not a betrayal of Satoshi's
• 1:01:05
  vision to say we'd like Bitcoin to flow it flourish under
• 1:01:08
  transparent, fair laws. We want people to choose
• 1:01:11
  Bitcoin, not be forced into it by some catastrophic breakdown
• 1:01:15
  of the legacy system. There is nothing on Bitcoin
• 1:01:18
  about encouraging legislation that protects individuals rights
• 1:01:22
  to use and hold their own Bitcoin, or that supports open
• 1:01:25
  source development. We should be unapologetically
• 1:01:27
  active in these political arenas because ignoring them won't make
• 1:01:30
  them go away. It would only allow others,
• 1:01:33
  perhaps with very different agendas, to set the rules in
• 1:01:36
  ways that hamper privacy, hamper self custody, or hamper
• 1:01:40
  innovation. And the key is remaining
• 1:01:42
  vigilant against compromises that undermines the protocol's
• 1:01:45
  integrity. So I'm, I'm going to just leave
• 1:01:47
  it at that. But after yesterday's show, I
• 1:01:50
  was kind of thinking, you know, I, I did, I did my culture bit
• 1:01:53
  on, on kind of being vigilant on stablecoins.
• 1:01:56
  We kind of went back and forth. Nico and I have been talking
• 1:01:59
  about this on our show for a while that, you know, hashtag
• 1:02:02
  everyone in the chat #optigate, you know, never forget.
• 1:02:06
  But when you see that politics lands on our door, when you see
• 1:02:10
  that regulators are attacking Bitcoin, it's not selling out
• 1:02:16
  the the ethos of bitcoins to engage with them.
• 1:02:18
  I think it would be a beneficial thing if we essentially did get
• 1:02:23
  some regulatory clarity or rather let them get out of our
• 1:02:26
  way instead of fighting us. And considering we were kind of
• 1:02:28
  talking about Operation Choke .2 Point O, and also the Czech
• 1:02:32
  Republic news of eliminating capital gains tax, I think you
• 1:02:35
  can if you're honest and sober about this reflection, it is a
• 1:02:39
  good thing to have a president pass a law that eliminates
• 1:02:42
  capital gains tax. Or, you know, ensure that self
• 1:02:45
  custody of Bitcoin isn't outlawed or ensure that mining
• 1:02:49
  companies can actually mine in your country instead of moving
• 1:02:52
  it out offshore out of your country.
• 1:02:54
  Or ensuring that Bitcoin wallet creators and companies aren't
• 1:02:59
  being scared out of the US. Like I think all of this
• 1:03:01
  engagement with these politicians, even though I'm not
• 1:03:04
  the biggest fan of politicians and regulators, it is a good
• 1:03:08
  thing and it and like Pierre was saying, this is not selling out
• 1:03:12
  to eat those a Bitcoin. Yes, I understand everyone in
• 1:03:14
  the chats like you know, Bitcoin doesn't need politicians.
• 1:03:17
  Bitcoin doesn't need trump. It's going to do what it does
• 1:03:19
  anyways. And I agree with you, but I
• 1:03:22
  would much rather live in a in a you know, a society that isn't
• 1:03:26
  fighting us at every turn. And like we were been covering
• 1:03:28
  with the operation choke .2 point O news.
• 1:03:31
  We have actively been attacked constantly and now we're seeing
• 1:03:36
  that as the wind changes, obviously we're going to see
• 1:03:39
  some people that are opportunists that are trying to
• 1:03:42
  come into the space. They're trying to scam users,
• 1:03:44
  They're trying to maybe put some back doors in these regulations.
• 1:03:47
  But I think it's very important for us to reach out, communicate
• 1:03:51
  with them, or rather maybe just be loud to every single one of
• 1:03:54
  you guys. And as a, as a cohesive Bitcoin
• 1:03:56
  army, we are loud and we're fighting the narratives and
• 1:04:00
  we're pushing back and we're educating each other that, hey,
• 1:04:02
  maybe some of this stuff isn't good.
• 1:04:04
  Maybe some of this stuff is kind of, you know, a backdoor way,
• 1:04:08
  you know, sly roundabout way to control Bitcoin.
• 1:04:11
  And I think it's very important for us to stay vigilant, but
• 1:04:14
  also like relish in the winds that we do have.
• 1:04:17
  I think there's a lot of positive things going on in
• 1:04:19
  Bitcoin. There are some things that are
• 1:04:21
  concerning to me, but also this, I think this was a inevitable
• 1:04:25
  battle. The inevitable mind, what's it
• 1:04:29
  the inevitable information war that we were going to have to go
• 1:04:32
  through to educate everyone in the world?
• 1:04:35
  And I don't think it's a bad thing to have, you know, like
• 1:04:38
  Dennis Porter go out there and and start to politic the
• 1:04:41
  politicians. Like I don't think it's bad for
• 1:04:43
  us to communicate with these people and hopefully educate
• 1:04:46
  them and be like, hey, look, this is what Bitcoin means.
• 1:04:49
  These are the Bitcoin ethos, like get on board or, you know,
• 1:04:52
  like you're not going to be able to stop this.
• 1:04:54
  Like I one thing that Pierre said there that I think I was
• 1:04:58
  kind of trying to say yesterday and I didn't really have the
• 1:05:00
  words yet was I don't want to wait until there is a, a
• 1:05:06
  astronomical pop apocalyptic financial struggle for people to
• 1:05:10
  get on Bitcoin. I'm not trying to scare people
• 1:05:12
  away from Bitcoin. I just want people to start
• 1:05:14
  saving in Bitcoin. And as they save in Bitcoin,
• 1:05:16
  like happened to Nico and I, they will start to learn about
• 1:05:19
  Bitcoin. They will start to kind of be
• 1:05:22
  absorbed by the Bitcoin ethos. And I think it's very good for
• 1:05:24
  us to at least open this communication instead of being,
• 1:05:28
  you know, naive autistic children on the Internet and
• 1:05:31
  attacking everyone that isn't 100%, you know, passing the
• 1:05:34
  Bitcoin purity test. I think it's very important for
• 1:05:38
  us to kind of reach out in olive branch.
• 1:05:39
  And you know, as much as I'm a toxic Bitcoin maximalist here, I
• 1:05:44
  understand how long it took me to become a Bitcoiner.
• 1:05:47
  So I I think this is just part of that process.
• 1:05:50
  And shout out to Pierre, go read the whole article because there
• 1:05:53
  is some good kickers at the end of it.
• 1:05:54
  But I just wanted to kind of touch on that because yesterday
• 1:05:57
  I got off the show and I'm like, man, I feel, I feel like I was
• 1:06:00
  kind of a doomer yesterday. I feel like I'm kind of a doomer
• 1:06:02
  in the culture, But like, I don't want to say we're winning.
• 1:06:05
  You know, I don't want to say that quote.
• 1:06:07
  We've won past tense, but things are moving in our direction.
• 1:06:10
  I think it's very important everything going on right now to
• 1:06:13
  kind of, you know, don't not be naive and, and not be
• 1:06:16
  pessimistic about this stuff and, and not be like, hey, man,
• 1:06:19
  like we're selling out our ethos.
• 1:06:20
  It's I don't think that's the case.
• 1:06:22
  Anyways. I'm, I'm, I've ranted enough.
• 1:06:25
  Nico, what's your take on this? Yeah, I mean like look like I
• 1:06:29
  think, I think, I think the way that you have to view it is like
• 1:06:35
  I think the way that you have to view it is this is the
• 1:06:41
  separation of money and state. Like this is, you know,
• 1:06:44
  Bitcoiners are their, their influence is inevitably going to
• 1:06:52
  get their net worths are going to get bigger.
• 1:06:55
  This is an inevitability. This is like this is going to
• 1:06:59
  happen regardless. And as our net worths continue
• 1:07:05
  to get bigger, what do you think is going to happen?
• 1:07:09
  Like we're going to have more and more, you know, influence in
• 1:07:13
  society. It's just it's, it's inevitable
• 1:07:16
  like that. That's what happens.
• 1:07:17
  So I think bitcoiners have been playing in the shadows for a
• 1:07:22
  very long time and Bitcoin has been in the shadows for a very
• 1:07:27
  long time. But I think we all have to
• 1:07:29
  remember that like, you know, Bitcoin has grown up now it's
• 1:07:34
  it's you know, we're we're we're heading into a new era in in
• 1:07:39
  bitcoins history. When you hear strategic Bitcoin
• 1:07:42
  reserves, when you hear state level Bitcoin reserves, when you
• 1:07:45
  have Wall Street, that's that's interested in Bitcoin and like,
• 1:07:51
  you know, do you want to be winners or do you want to be
• 1:07:54
  losers? Right?
• 1:07:55
  Like one of the things that I kept hearing was like this whole
• 1:08:00
  idea of like, you know, the plebs and the plebs and the
• 1:08:03
  plebs. And it's like, like and like
• 1:08:06
  that word pleb comes from the word plebeian, which is like
• 1:08:10
  essentially like the common man in Roman society.
• 1:08:14
  And there's nothing wrong with like being the common man.
• 1:08:18
  But if you hold Bitcoin right now or if you hold one Bitcoin,
• 1:08:23
  you're in that privileged class. Or if you hold half a Bitcoin or
• 1:08:27
  if you hold .1 Bitcoin like you are in an elite group of people.
• 1:08:32
  You have to understand that, and if we are right about Bitcoin
• 1:08:37
  becoming the global reserve currency, Bitcoiners are going
• 1:08:41
  to be the most influential and wealthiest people on the face of
• 1:08:45
  the planet. And by being the wealthiest
• 1:08:48
  people on the face of the planet, the most influential
• 1:08:50
  people on the face of the planet, you are most, more than
• 1:08:55
  likely going to have the ability to influence society.
• 1:09:00
  That's just the way things are, right?
• 1:09:02
  That's the way that human history has operated since the
• 1:09:05
  beginning of human history. And you know, I think the
• 1:09:09
  world's going to be a much better place for it if
• 1:09:12
  Bitcoiners are, you know, the, the wealthy class.
• 1:09:16
  Like essentially, and I think it was actually Turdemister that
• 1:09:21
  was essentially going down this rabbit hole.
• 1:09:24
  But essentially, like if you look at how much ultra high net
• 1:09:30
  worth individuals exist and ultra high net worth individuals
• 1:09:33
  defined as someone who holds $30 million worth of Bitcoin or
• 1:09:38
  sorry, $30 million or more that you're considered a ultra high
• 1:09:43
  net worth individual. There's only like, I think like
• 1:09:45
  250,000 people that fit into that category.
• 1:09:49
  If Bitcoin hits like $1,000,000 per coin or or like $2,000,000
• 1:09:57
  per coin, $3,000,000 per coin, what percentage of the ultra
• 1:10:02
  high net worth population is going to be bitcoiners?
• 1:10:06
  It's going to be a significant percent.
• 1:10:07
  It's going to be 20-30. Forty percent, 10 percent, 15%.
• 1:10:14
  Those are the people that rule the world.
• 1:10:15
  Those are the people that run the biggest company, companies.
• 1:10:18
  They employ the most amount of people.
• 1:10:20
  They donate the most amount of money to politics.
• 1:10:24
  If Bitcoiners are now representing 20% of the world's
• 1:10:28
  wealthy elite, of course they're going to have influence on
• 1:10:33
  politics. And we're already seeing this
• 1:10:37
  with the election of Trump. Bitcoiners essentially said,
• 1:10:41
  listen, Trump, we'll get you elected, but you need a free
• 1:10:45
  Ross. That's power.
• 1:10:48
  That's influence. Like, did you think that
• 1:10:52
  happened because Trump just found Satoshi?
• 1:10:55
  No, he wanted to get elected and he needed bitcoiners in order to
• 1:10:57
  get elected. He needed their money, he needed
• 1:11:01
  their votes. So as our industry continues to
• 1:11:06
  grow, as the market cap continues to grow, as the
• 1:11:09
  hodlers continue to get wealthier and wealthier, like
• 1:11:14
  there is an inevitable point in which the political discussion
• 1:11:19
  starts to become more and more predominant.
• 1:11:23
  It's inevitable. Let's say you buy a citadel in
• 1:11:27
  the middle of nowhere and there's certain regulations that
• 1:11:31
  affect your ability to live in a sovereign fashion.
• 1:11:35
  You're either going to do 2 things.
• 1:11:37
  You're going to get involved in the local politics and donate to
• 1:11:40
  the right people or get the right party in power so that
• 1:11:42
  they can leave your citadel alone.
• 1:11:45
  Or you're going to go to another favorable jurisdiction and that
• 1:11:48
  favorable jurisdiction is going to compete to try to get you
• 1:11:52
  right. That's what that's what happened
• 1:11:53
  with El Salvador. El Salvador had one of the best
• 1:11:57
  marketing campaigns in world history.
• 1:12:00
  They went from being looked at as one of like the backwaters of
• 1:12:03
  Central and Latin America to being this up and coming a
• 1:12:08
  country where the rule of law and safety is held above
• 1:12:12
  everything else. And they have a Bitcoin reserve
• 1:12:16
  and you can use Bitcoin as a currency.
• 1:12:19
  And they have this president who's the most favorable and
• 1:12:22
  liked president of Latin America.
• 1:12:24
  Like, you know what? What, what's stopping other
• 1:12:29
  countries from following suit? So I think like this is
• 1:12:32
  something that I think everyone has to understand and, and I
• 1:12:36
  think that Bitcoiners inherently are mistrusting of politics and
• 1:12:39
  they're mistrusting of the system.
• 1:12:41
  And I think their hearts in the right place.
• 1:12:44
  The argument that I'm trying to make is I think Bitcoiners are
• 1:12:48
  going to inherit the world. I really think so.
• 1:12:51
  I think when Bitcoin is as $10 million per coin, like even
• 1:12:55
  people that own one or two Bitcoin, they're going to be
• 1:12:57
  extremely wealthy, right? And like, what do wealthy people
• 1:13:02
  do? Wealthy people do wealthy people
• 1:13:06
  try to, you know, influence society, whether for the worse
• 1:13:10
  or for the better. But I would rather have, you
• 1:13:13
  know, 20 to 3040% of the wealthy population of the world be
• 1:13:17
  Bitcoiners because at least I know they're ethos, at least I
• 1:13:21
  know what they're trying to get that what they want out of life.
• 1:13:23
  At least I know what they're trying to do, right?
• 1:13:27
  So I, I don't think anyone should shy away from politics
• 1:13:31
  Like I, I, I think that politics is here.
• 1:13:33
  You can choose to be an ostrich and bury your head in the sand
• 1:13:36
  and pretend none of this stuff is happening around you.
• 1:13:39
  But if you choose not to care about politics, you're destined
• 1:13:42
  to be ruled over by people that do care about politics.
• 1:13:45
  And those people might not exactly agree with you.
• 1:13:48
  If we did nothing and just shut up, Ross would not be free right
• 1:13:53
  now. I remember I was getting so
• 1:13:55
  much, you know, like poo poo from people on X when I was
• 1:14:01
  like, listen, we have to support Trump.
• 1:14:03
  The other option is terrible for our industry.
• 1:14:07
  And so many people are like voting doesn't matter.
• 1:14:09
  The system's rigged. This is he's going to scam you.
• 1:14:13
  He's going to whatever. And I'll say, listen, maybe
• 1:14:17
  Trump would have scammed me. Maybe, you know, I, I would have
• 1:14:21
  gotten rugged pulled on Ross being freed.
• 1:14:24
  Maybe operation choke point 2.0 was was going to continue, but
• 1:14:30
  at least I know I tried. And if we want to win this, it
• 1:14:36
  requires moral courage and it requires you to do the right
• 1:14:41
  thing, even if it doesn't always turn out your way.
• 1:14:47
  I think expecting to succeed every time is naive.
• 1:14:52
  You're inevitably going to fail. The people you're support that
• 1:14:57
  you're going to support are inevitably going to let you
• 1:14:59
  down. That's inevitable.
• 1:15:01
  But I mean, look at what we got for like AI would say 1/2
• 1:15:05
  hearted effort. Look at what we got.
• 1:15:07
  Operation Choke .2 point O is no more.
• 1:15:09
  It's being uncovered. We had literally an executive
• 1:15:14
  order for the protection of self custody, the protection of the
• 1:15:18
  right to mine, the protection of the individual to run a node.
• 1:15:25
  What else did we get? We got the repeal of SAB 121, we
• 1:15:30
  got the, we got the freedom of Ross Ulbricht.
• 1:15:33
  Now, was it perfect? No.
• 1:15:35
  There's I believe that this cycle is going to be a shit coin
• 1:15:38
  extravaganza the likes of which we've never seen before.
• 1:15:41
  So like it's not all positive, but you can say we got a lot of
• 1:15:47
  wins. We got a lot of wins, we got a
• 1:15:49
  lot of WS because the opposite would have been a catastrophe.
• 1:15:55
  Operation choke .23 point O it wouldn't have it would have been
• 1:16:00
  more right. So I think that's, that's
• 1:16:02
  something that I think a lot of you guys, a lot of our audience
• 1:16:05
  members needs to be, needs to start getting used to because
• 1:16:09
  this isn't going away. And the midterms are coming
• 1:16:12
  around in 2026. And we're going to be talking
• 1:16:14
  about the midterms. And we're going to be literally
• 1:16:16
  try to get congressman and congresswoman on the show to
• 1:16:19
  talk about it and try to make the case for you guys.
• 1:16:22
  Because make no mistake, I think the end goal of every bitcoiner
• 1:16:27
  should be to end central banking.
• 1:16:31
  And the way that you end central banking is by opting out, number
• 1:16:35
  one, taking self custody, but also generating enough political
• 1:16:40
  support, Also moving the Overton window enough where you have
• 1:16:45
  enough political willpower in order to pass a law that says we
• 1:16:49
  are ending central banking. Like it.
• 1:16:52
  It sounds unbelievable. If I would have told you, we
• 1:16:54
  would have freed Ross five years ago.
• 1:16:58
  So with that thinking of negativity, nothing is possible.
• 1:17:01
  The system is broken beyond repair, then Ross wouldn't be
• 1:17:05
  freed. We fought.
• 1:17:07
  We could have lost. We could have been rugged.
• 1:17:10
  We could have been lied to. But we fought and we won, right?
• 1:17:14
  That's what it requires. It requires moral courage.
• 1:17:17
  It requires you to do the right thing despite the uncertainty.
• 1:17:23
  That's how you went, right? And make no mistake, like this
• 1:17:28
  is the this is the the ultimate fight for the freedom of
• 1:17:33
  humanity, which is freeing humanity from the tyranny of
• 1:17:37
  central banking so that people could get on with their lives
• 1:17:41
  and earn in a money that doesn't steal from them so that they can
• 1:17:45
  keep their energy and their work and their time and decency is
• 1:17:50
  returned to the younger generations where they actually
• 1:17:52
  have the ability to buy a home and plan for the future.
• 1:17:56
  That's what we're fighting for. What type of world do you want
• 1:17:59
  the future generations to live in?
• 1:18:01
  That's the question I have for you guys.
• 1:18:03
  So yes, I mean, I think we've been proven so right, Opti.
• 1:18:08
  Initially I was like, kind of feeling guilty about like, you
• 1:18:12
  know, talking about Trump and like, whatever.
• 1:18:15
  But after Ross being freed, Nah, I don't feel guilty at all.
• 1:18:19
  We told you so. We told you so.
• 1:18:22
  So, yeah, man, that's my take on all that.
• 1:18:25
  Anyways guys. Hey, wait, wait, Nico, before
• 1:18:27
  you go, we did get a few super chats.
• 1:18:31
  So let's get some shout outs. 5 minute Bitcoin sent us $2.00.
• 1:18:34
  Really appreciate you. But he did follow it up with a
• 1:18:36
  comment and he goes love you guys, keep up the great work.
• 1:18:40
  And then we got one more here and I I don't know what this is
• 1:18:43
  30 ILS apologies. I don't know what that is, but
• 1:18:47
  really appreciate the Super chat and he goes culture.
• 1:18:49
  Have you seen the Prague metal Satoshi music video?
• 1:18:52
  RIP scar dust I we watch you everyday.
• 1:18:56
  I I have not, but I will check it out.
• 1:18:58
  Maybe Ruston has I, I I haven't seen that yet but yeah
• 1:19:03
  appreciate the Super chats guys means a lot to us.
• 1:19:06
  We love you guys, Appreciate it so much for hanging out.
• 1:19:10
  Absolutely guys, today is February 6th, 2025.
• 1:19:13
  I'm your host, Nico is my legend Co host Optimus Fields.
• 1:19:16
  If you guys enjoyed the show you want to do smash the like
• 1:19:18
  button, consider subscribing if you feel like we provided you
• 1:19:20
  value. We love you all and we'll see
• 1:19:22
  you tomorrow for a brand new episode of Simply Bitcoin Live.
• 1:19:26
  Today's episode was brought to you by bitcoinwell.com, a
• 1:19:30
  Bitcoin only platform on a mission to enable financial
• 1:19:33
  independence.