Latest / Simply Bitcoin / BREAKING: Larry Fink Admits Bitcoin to Be Mass Adopted | EP 781

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BREAKING: Larry Fink Admits Bitcoin to Be Mass Adopted | EP 781 · Simply Bitcoin

• 0:12
  Yeah, we're going to submit Bitcoin live.
• 0:14
  We're your number one source for the peaceful Bitcoin revolution
• 0:16
  of Crowd Breaking News Culture, Matic Warfare.
• 0:18
  We will be a guide through the separation of money and state.
• 0:21
  Holy cow, I cannot believe we are here, Larry Fink.
• 0:26
  The the CEO of the largest asset manager in the world, they have
• 0:33
  trillions of dollars under management trillions with the T,
• 0:37
  not with the B said that basically Bitcoin is going to
• 0:43
  become the next global reserve currency.
• 0:47
  You know he he will play you the video and we'll kind of
• 0:50
  completely break it down and analyze exactly what he said.
• 0:54
  But I I cannot believe this is happening and to give us credit
• 1:00
  a little bit, we've we were saying earlier on the week
• 1:03
  actually that that things were going to happen a lot quicker
• 1:10
  than we anticipated. And the reason for that is
• 1:13
  because of the amount of institutional interest in
• 1:16
  Bitcoin, BlackRock, Fidelity, Morgan Stanley, Bank of America.
• 1:24
  Deutsche Bank Bank of Santander from Spain, a major bank.
• 1:29
  In in in in in France. Like it's just the floodgates,
• 1:34
  you know that meme with with the little town underneath and
• 1:37
  there's the dam and there's this giant like, you know, reservoir
• 1:41
  behind it and you have all the BlackRock memes and then the
• 1:43
  town is all the Bitcoin. That is literally what's
• 1:46
  happening right now. Institutional money is.
• 1:50
  He's about to flood in the likes of which you've never seen
• 1:53
  before. And my advice to you as a fellow
• 1:57
  bitcoiner is if you are selling your Bitcoin right now, you're
• 2:01
  most likely selling it to Larry Fink.
• 2:05
  Don't be that guy. Don't be that person that has to
• 2:07
  explain it to their grandparents.
• 2:10
  I was able to accumulate one Bitcoin, but I said then I
• 2:14
  selled it to BlackRock. Like that's going to be a very
• 2:16
  difficult conversation. You don't want to put yourself
• 2:19
  in that position. So stay humble, Stack Sats.
• 2:22
  Stay solvent. Download an ethical Bitcoin
• 2:24
  wallet. Electrum, Sparrow, Spectre.
• 2:28
  There's so many of them. Blue wallet.
• 2:31
  Buy yourself a good hardware wallet.
• 2:32
  Obviously your fan favorite or or you know, our favorite, is
• 2:34
  our sponsor, Jade. You get yourself a cold card as
• 2:37
  well. Bitbox, Treasure, Ledger, if if
• 2:40
  you so dare. So yeah, so this is crazy.
• 2:44
  This is very, very crazy stuff. Very exciting.
• 2:47
  But you know. The the the dark forces are
• 2:51
  here. The dark forces couldn't help
• 2:52
  themselves but to bend the knee to the incentives of Bitcoin.
• 2:57
  The incentives of Bitcoin stay winning, OPTI.
• 3:00
  They stay winning. And that's why we're going to
• 3:02
  win this thing. Well, it's almost like we've
• 3:04
  been saying this for a long time and we knew that Bitcoin was
• 3:06
  inevitable and that, you know, the incentive structures of
• 3:09
  Bitcoin are pure and it doesn't matter what the Larry Fink's of
• 3:13
  the world want or want to do with Bitcoin.
• 3:15
  They want your Bitcoin and it is Friday, so we're going to get
• 3:19
  stupidly bullish. I'm excited to hear some Nico
• 3:22
  Jones snakes, but I had a brief conversation with our guest
• 3:25
  today and this guy was requested by you guys out there and you
• 3:30
  guys want to get stupidly bullish.
• 3:32
  So we brought in Luke, Luke, I'm not even going to try to say
• 3:35
  your last name because I can't speak any words at all, but
• 3:39
  we're going to get bullish on the culture today.
• 3:41
  He already kind of. We already kind of got a little
• 3:43
  conversation before and I already know that this episode.
• 3:45
  It's gonna be litty for you guys.
• 3:47
  So, Luke, how are you doing this morning?
• 3:48
  Good to have you, bro. I'm heavily caffeinated and I'm
• 3:51
  absolutely pumped to be on the show.
• 3:53
  Nice to have you guys. You have an unfair advantage
• 3:56
  with that accent, bro. Okay, Where are you from?
• 4:00
  Australia But I was born in the ghetto in Australia, so that's
• 4:03
  where the really dirty accent comes from.
• 4:05
  Okay, okay. All right, all right, so dirty
• 4:08
  Australian accent. 2. Dirty Mexican accents and.
• 4:13
  Some Miami accent. This is gonna be an interesting
• 4:16
  show. Anyways, guys, no more delay.
• 4:18
  Let's jump straight into the show.
• 4:20
  We got a tremendous amount of stuff to talk about.
• 4:23
  Let's check it out. Everybody the.
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  Bitcoin price is 31,270, so that's for a dollar 3198 block
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  height, 798,677 blocks to having 41,323.
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  Having estimate April 20th, 2024 Total Lightning network capacity
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  4862 capacity value $152 million Realize monetary inflation 1.76%
• 6:05
  Continuing to take Fiat currency absolute school and embarrass
• 6:08
  them. That's what Bitcoin does.
• 6:09
  Market capitalization $607 billion with a B.
• 6:13
  Bitcoin versus gold market cap. I just added this and you know
• 6:17
  this. This one's my second favorite
• 6:20
  stat after realized monetary inflation.
• 6:22
  It's currently sitting at 4.66%. Anyways, I know so early.
• 6:27
  It's it's it's going up forever. Laura.
• 6:29
  Speaking of the guy who said it's going up forever, Laura the
• 6:32
  Chad Sailor, he's been pretty vocal about Wall Street coming
• 6:36
  to Bitcoin. But you know, Larry Fink has
• 6:39
  been going on CNBC a lot as of late.
• 6:43
  And boy, oh boy, has he been talking about Bitcoin Quite a
• 6:46
  lot. And so let's hear what he has to
• 6:49
  say. It's a lot to unpack.
• 6:50
  It's a twominute clip, but you know, there's there's a big of
• 6:54
  there's a bit of misrepresentation, there's a bit
• 6:57
  of bargaining, but there's also a bit of saying the quiet part
• 7:01
  out loud. Also, he's going to refer to
• 7:04
  Bitcoin as crypto currencies, even though we know that
• 7:08
  BlackRock is only filing a Bitcoin ETF.
• 7:11
  Not a cryptocurrency ETF, but he explains the reason as to why
• 7:16
  that is in the very beginning. Anyways, I'm gonna shut up now.
• 7:19
  Let's play the clip and then we'll talk about it and you talk
• 7:21
  about how we're crypto fits. I can't talk about Bitcoin
• 7:24
  because we have a filing with the SEC, so I'm prohibited.
• 7:28
  I could talk about crypto in general and I could talk about
• 7:30
  what we have done. You know we believe we have a
• 7:35
  responsibility to democratize investing and we've done a great
• 7:39
  job and and the role of ETF in the world is is transforming
• 7:45
  investing in it. I think we're only at the
• 7:48
  beginning of that. I mean we we, we believe the
• 7:51
  fixed income market is going to become multiple trillion dollars
• 7:55
  in in in ETF equities will continue more and more the
• 7:59
  market will be. Will be delivered through an ETF
• 8:02
  platform. If you think about what was done
• 8:06
  1520, no 20 years ago now with the advent of a gold ETF, that
• 8:13
  really democratized gold investing.
• 8:16
  It brought down the cost of transaction for gold.
• 8:20
  I mean, the cost of transacting physical gold is absurd.
• 8:25
  And now with crypto. The idea of democratizing that
• 8:31
  role, the cost right now to transact, it's quite expensive.
• 8:36
  We're talking points, not decimal points.
• 8:40
  And so that's a big point too. Over the last five years, more
• 8:46
  and more our global investors are asking us about the role of
• 8:49
  crypto. And as I said, I do believe a
• 8:53
  lot of crypto is is going to be, it's an international asset.
• 8:58
  It's going, it is, it has a differentiating value versus
• 9:04
  other asset classes. But more importantly because
• 9:06
  it's so international, it's going to transcend any one
• 9:09
  currency and currency evaluation.
• 9:11
  If you just look at the value of of our dollar and how would the
• 9:15
  depreciate last two, two months and how much it appreciated over
• 9:19
  the last five years, I mean a international crypto.
• 9:25
  Product can really transcend that and that's why we believe
• 9:30
  there's great opportunities and that's why we're seeing more and
• 9:33
  more interest and that interest is broad based worldwide.
• 9:38
  All right, Okay, you just had the largest asset manager in the
• 9:43
  world just say that. And remember what the journalist
• 9:47
  asked him in the very beginning said.
• 9:49
  What do you think about crypto currencies?
• 9:51
  The journalist didn't ask him about Bitcoin.
• 9:54
  He said what do you think about crypto currencies?
• 9:56
  And he said, well, I can't talk about Bitcoin.
• 10:00
  It's a little Freudian slip because we have an SCC filing,
• 10:04
  but I can't talk about crypto black rocks only involved in
• 10:09
  Bitcoin right at the very end, he said because of bitcoins
• 10:15
  properties. And he talked about the fact
• 10:18
  that Fiat currencies were devaluing and because of
• 10:20
  bitcoins properties. It's going to transcend Fiat
• 10:25
  currencies and it's going to be adopted on a global scale.
• 10:29
  This isn't just a crazy bitcoiner on the Internet
• 10:32
  telling you this. This is the CEO of the largest
• 10:36
  asset manager in the world. Last time I checked, they have
• 10:39
  eight. I think it's like 8 to $10
• 10:41
  trillion assets under management.
• 10:44
  That is a very, very big fucking deal.
• 10:47
  Now put the bullish stuff aside. Now let's pull it back a little
• 10:52
  bit. He's talking about the the
• 10:54
  democratization, right? And you could say that an ETF
• 10:59
  was necessary for the democratization of gold.
• 11:03
  Gold's physical properties limit it limits its ability to be
• 11:09
  transported efficiently and effectively, also cheaply.
• 11:15
  Bitcoin doesn't need an ETF for it to be democratized.
• 11:20
  It is very easy to take self custody of Bitcoin.
• 11:22
  It is much easier than sending a wire.
• 11:27
  And that misrepresentation, maybe it was a spin.
• 11:30
  And of course I don't blame him. He's incentivized, obviously,
• 11:33
  for big people to buy his ETF, basically saying that it's
• 11:37
  expensive to transact. No, it's not.
• 11:40
  You could send billions of dollars for pennies or a dollar,
• 11:43
  right? But of course he can't tell you
• 11:45
  that because he's trying to sell you his ETF.
• 11:47
  But regardless. Regardless, you have to
• 11:49
  understand guys, and I've been telling you about the party of
• 11:52
  green and the party of orange. Larry Fink was on the party of
• 11:55
  Green not too long ago and it sure looks like I don't know
• 11:59
  what color you get when you mix green and orange.
• 12:02
  I think it's brown. He's currently in the brown
• 12:05
  phrase transitioning into the orange face.
• 12:07
  He's going down the rabbit hole you see it in in real time.
• 12:12
  I mind you, this is, this is coming from someone who.
• 12:17
  Back in 2018, literally said that Bitcoin is only good for
• 12:20
  money laundering, right? And this is a testament to show
• 12:24
  that bitcoins incentives are so irresistible and so powerful.
• 12:29
  That's even in someone, even for someone like Larry Fink and his
• 12:34
  position basically owns a large percentage of or his company
• 12:39
  owns a large percentage of every Fortune 500 company in the
• 12:43
  world. Has no other alternative but to
• 12:49
  bend the knee to Bitcoin and bitcoins incentives.
• 12:52
  And that's why we're going to win, right?
• 12:54
  So, you know, he could spin it and he could say, look, we're
• 12:56
  going to need an ETF and that's that.
• 12:58
  Honestly, that's our job guys, to really educate the masses and
• 13:02
  to say, hey, look, you shouldn't be buying Bitcoin through a
• 13:05
  Bitcoin ETF, even though I know it's very easy.
• 13:07
  You could pull up your Robin Hood app and you'd be like, oh,
• 13:10
  I good, I I'm going to got my Bitcoin ETF.
• 13:13
  It's our job to be like, hey, that's not real Bitcoin bro.
• 13:16
  You're you're buying some some some some fake Bitcoin, some
• 13:21
  Larry Big Bitcoin. You don't want that.
• 13:23
  Anyways, we found out yesterday also in the Pacific Bitcoin live
• 13:27
  stream that it was put in the chat that that Opti has also
• 13:34
  dated Augustus Carson's. Is that true?
• 13:38
  Because that is 3 central bankers.
• 13:40
  We had Yellen first, Christine the guard was the last was a
• 13:44
  Gustin. Ferb of came before that and
• 13:46
  dude like you really really tried to get plugged into the to
• 13:52
  the money spicket dude dude. Whatever I gotta do for the
• 13:54
  almighty dollar. But no, you are fake news.
• 14:01
  Before I go only Christy, only Christy.
• 14:03
  Hey, and Janet Yellen. You know, I don't sling both
• 14:06
  ways, only the female central bankers out there.
• 14:10
  But like, before I go on, I'd actually like to hear Luke's
• 14:13
  takes first. So let's get Luke in here.
• 14:15
  Let's get the bullish takes going first, because that was,
• 14:18
  yeah, I thought it was Poe that you shared the video that
• 14:21
  Michael Saylor posted about Larry Fink.
• 14:24
  Because I believe Michael Saylor has started the billionaire FOMO
• 14:27
  into Bitcoin. Michael Saylor is sitting on
• 14:29
  what, 150,000 bitcoins in his personal treasury?
• 14:34
  Well, sorry, he's a company's treasury for micro strategy.
• 14:37
  And now that Larry Fink is talking, he's the world's
• 14:39
  largest asset manager and there's what, 3 to 4000
• 14:42
  billionaires around the world? What percentage of the world's
• 14:45
  billionaires are listening to Uncle Larry Fick?
• 14:48
  I reckon at least sixty, 7080% of them at least take Larry
• 14:51
  seriously. So that means they need to start
• 14:53
  accumulating Bitcoin. And I think it's really
• 14:55
  interesting that as the price of Bitcoin rises in the coming
• 14:58
  years, all of a sudden Michael Saylor with his 150,000 Bitcoin
• 15:02
  stack, he will slowly start to rise up that leaderboard of the
• 15:06
  world's richest men. And all of a sudden, the 3:00 to
• 15:09
  4:00 to 5000 billionaires around the world have one choice.
• 15:12
  If they want to stay richer than Michael Saylor, they need to
• 15:15
  accumulate more Bitcoin than Michael Saylor.
• 15:18
  And if you have a look at the trend that's been going on over
• 15:20
  the past three years, coins have been leaving exchanges for the
• 15:23
  first time in Bitcoin's life. So coins peaked out on exchanges
• 15:27
  at like 3.1 million in March of 2020 when the Money Princess got
• 15:30
  turned on, interestingly. And since then, we've seen a
• 15:33
  million coins evaporate off the exchanges.
• 15:36
  So we don't know where those coins are going.
• 15:38
  Obviously, I think some nation States and some large
• 15:40
  billionaires have been accumulating that Bitcoin.
• 15:43
  But all of a sudden, if those billionaires want to stay richer
• 15:47
  than Michael Saylor, they need to accumulate more than 150,000
• 15:50
  coins. And there's only enough Bitcoin
• 15:52
  on exchanges for 12 billionaires to accumulate more Bitcoin than
• 15:55
  Michael Saylor. So I'm bullish.
• 15:57
  I think it's impossible to be not to not be bullish.
• 16:00
  A lot of people say, OK, the price is going to rise, hoddlers
• 16:03
  are going to take profit, and they're going to sell some
• 16:05
  Bitcoin to Uncle Larry Fink and Christine Lagarde and all of the
• 16:09
  other bureaucrats who want to actually accumulate Bitcoin and
• 16:12
  stay richer than Michael Saylor. I don't know.
• 16:14
  I'm not so sure. I think there's a large majority
• 16:17
  of plebs who are not going to sell their coins.
• 16:20
  Irrespective of the price. So yeah, that's my thoughts on
• 16:23
  the billionaire FOMO race that I believe has been kicked off and
• 16:27
  kicked into the next year by Larry Fink's recent Bitcoin ETF
• 16:31
  filing. Bars.
• 16:33
  Bars. Holy cow.
• 16:34
  Wow. You're good, man.
• 16:36
  You're good. I like that.
• 16:37
  I like that. I like that.
• 16:39
  Let's go. We don't.
• 16:40
  We don't. Get that very often, right?
• 16:43
  He's a trained host, baby. I love that.
• 16:45
  No amazing take. And your great observation about
• 16:48
  the the Bitcoin leaving off exchanges.
• 16:50
  And that's something that hasn't been happening in Bitcoin's
• 16:53
  history before, right? It is going down, right?
• 16:55
  It's going, it's in a downward trajectory, which you know,
• 16:58
  which tells us it's like there's only so much Bitcoin to go
• 17:01
  around. Right.
• 17:03
  I think the last time I saw the statistic right, there's between
• 17:06
  50 to 60 million millionaires all around the world.
• 17:10
  There's only 21 million Bitcoin, right?
• 17:12
  So even if every single millionaire just wanted just one
• 17:15
  Bitcoin, they physically could not get it right.
• 17:18
  And that's where we are. And that tells us, you know, as
• 17:22
  bitcoiners, as plebs like, dude. Stay humble Stack Sats don't
• 17:26
  sell your your Bitcoin to these billionaires and Larry Fink cuz
• 17:30
  they're sure going to want it and I'm I suspect they're going
• 17:32
  to play some some games to try to scare you, scare you out of
• 17:37
  your stack. Anyways Opti, what's your take
• 17:39
  on all this brother? Well yeah, on that last point
• 17:42
  shouts out to American Huddle cuz he was the first one to say
• 17:45
  it to me in one of our spaces, the idea of the Huddle buyout
• 17:48
  zone. And I think that's where we're
• 17:49
  heading right now as as you know, the average Bitcoin are
• 17:52
  out there. That's been stacking for years
• 17:54
  now. Is the institutional FOMO or the
• 17:56
  billionaire FOMO that Luke is talking about?
• 17:59
  It's going to literally test you throughout this next bull run
• 18:03
  and moving forward like right now, and it's something I've
• 18:06
  been saying in spaces for a minute as well, is like ask
• 18:08
  yourself why you're here. You know, like we all come for
• 18:11
  the money, but do you stay for the revolution or you just here
• 18:14
  for the Lambos? Because as the price goes up,
• 18:16
  you're going to be tested in your huddle.
• 18:18
  And as, as American Huddle was calling it the huddle buyout
• 18:20
  zone, Do we know where this ends?
• 18:21
  No, but we're pretty sure it's going to start moving.
• 18:24
  Into the 1,000,000 per coin. And of course we're getting
• 18:26
  stupidly bullish today on purpose.
• 18:29
  So without without people throwing us tomatoes and and
• 18:32
  trying to hate on us because we're getting stupidly bullish
• 18:34
  today. Today is a bullish episode and
• 18:36
  as Luke so eloquently laid out the SAT race is on and we've
• 18:40
  been saying this for a while that the SAT race is on.
• 18:42
  There's only so much Bitcoin out there going around.
• 18:45
  Of course we have the 21 million hard cap number but I don't know
• 18:49
  if you guys saw Samson mouth tweet the other day or I think
• 18:51
  it was yesterday and he just did like Infinity divided by. 16
• 18:55
  million few. And it's the idea that there's
• 18:57
  less Bitcoin out there than than even the 21 million hard cap and
• 19:00
  and few people are really pricing in what digital scarcity
• 19:04
  means. And I was actually telling Luke
• 19:06
  earlier, it's like you guys aren't bullish enough out there
• 19:09
  and it's showing because I I can't believe you guys are
• 19:12
  getting bearish. But before I go on and continue
• 19:15
  to talk about the Larry Fink video, shouts out the Opti Fink
• 19:18
  in the chat because he tagged me on Twitter.
• 19:21
  And he pointed out, does Larry Fink have a list?
• 19:24
  Like, I I can't unhear it now it it was absolutely horrendous.
• 19:28
  But back to Larry Fink. It's very hilarious that Larry
• 19:32
  and the corporate press has changed their tune so quickly in
• 19:35
  the last week or two and it only took one person to endorse
• 19:39
  Bitcoin for the whole, you know, corporate machine to flip on on
• 19:43
  its head and go 180 degrees against what their narrative has
• 19:47
  been for years and. You know he's saying all the
• 19:51
  things we've been saying Bitcoin is an international asset.
• 19:54
  You know self custody is lower, lower cost and gold final
• 19:58
  settlement in 10 minutes etcetera, etcetera, etcetera.
• 20:01
  But it it is kind of funny and it's not lost on me the the
• 20:04
  irony of Larry going full Bitcoin after so many years of
• 20:07
  fighting Bitcoin. And I say it all the time, guys.
• 20:09
  It's the classic playbook, the classic flood playbook where you
• 20:13
  talk smack on Bitcoin for years, you pack your bag and then you
• 20:16
  endorse Bitcoin as you have your bags packed.
• 20:20
  And it's it's playing out again, guys.
• 20:22
  So you know you're right and. It's going up.
• 20:26
  Forever. So let's go.
• 20:28
  You know we're we're we're winning out here and and of
• 20:30
  course guys now is the time to secure your bags.
• 20:33
  Make sure your your Bitcoin is in self custody.
• 20:36
  Make sure you stay solvent. Stay.
• 20:38
  Humble because we're. I think we really are heading
• 20:41
  into a different cycle this, this next bull run.
• 20:44
  And I know we all have PTSD about calling numbers and price
• 20:48
  predictions, but I really think it's going to go a lot higher
• 20:52
  than we ever thought it would. But we'll get into that in the
• 20:55
  culture because Luke and I talked about a little bit
• 20:57
  before, and we're going to save the bullishness for the culture.
• 20:59
  So there's more bullishness, there's more bullishness.
• 21:05
  You guys are listening Simply Bitcoin live smash that like
• 21:07
  button. Help us push the orange signal.
• 21:10
  YouTube pushes the orange signal harder if you smash the like
• 21:14
  button. We've we've broken over 100
• 21:17
  likes on each live stream for the last five days.
• 21:19
  Help us continue our our our what is it Where what's the
• 21:23
  word? Opti.
• 21:24
  Our trend our our pattern or consistency?
• 21:30
  Resistance. Our streets help.
• 21:32
  Us continue our streak and smash the like button so we could
• 21:35
  break over 100 likes during the live stream.
• 21:38
  Anyways, everybody, let's get to the news.
• 21:41
  We got a lot to talk about today.
• 21:42
  Let's check it out. The Daily News.
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  All right everybody else. I want to tell you about the
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  the people, Bitcoin is just ones and zeros.
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  It's me. It's Opti.
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  It's a Toshi. It's Luke.
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  Download the Orange Pill out for iOS or Android and connect with
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  Orange Pill app is also the world's biggest repository for
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• 23:00
  Ladies and gentlemen and Opti and I really appreciate all the
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  messages and all the love that we're getting.
• 23:04
  So thank you all for doing that. Anyways, in other news, less
• 23:10
  bullish news, we'll get back to the bullish during the culture
• 23:14
  Excelsior CEO Alex Mashinsky charged with crypto fraud.
• 23:18
  And the reason I want to talk about this during a Bitcoin show
• 23:20
  is because he came out with videos.
• 23:23
  You know, videos. When this was all happening and
• 23:27
  he was saying specifically he was attacking Bitcoin Maxis for
• 23:33
  pushing people to take self custody of their Bitcoin and he
• 23:39
  was saying that that would hurt people.
• 23:41
  At the same time he was doing some very sketchy things behind
• 23:47
  the hood. And you know, today's today is
• 23:52
  one of those days where. You know, justice was served.
• 23:56
  This is a guy who, you know, and again, I'm a Bitcoiner.
• 24:01
  I'm not a big fan of government, right?
• 24:03
  But this is a guy who literally destroyed the lives of thousands
• 24:08
  of people. A lot of people put their life
• 24:11
  savings in, in Celsius to get that yield and whatnot.
• 24:17
  And a lot of people got hurt. And you know, this is, this is
• 24:22
  where we are, so. Here's a Bloomberg article.
• 24:25
  It says 3 regulatory agencies also sued Machinsky in New York
• 24:28
  and Machinsky pleads not guilty to all charges at hearing.
• 24:32
  If that's crazy cuz if you know usually when for anyone who
• 24:38
  doesn't know right when, when you get charged by you know by
• 24:42
  the state or by the federal government.
• 24:44
  They had, they have a very high prosecution rate.
• 24:47
  And the reason for that is they don't actually charge.
• 24:50
  They don't like to charge people with a crime unless they feel
• 24:53
  they have a rock solid case. And you know, based on all the
• 24:58
  documents that have been coming out in the last few like last
• 25:02
  couple of weeks, this guy clearly clearly broke the law
• 25:05
  anyways, goes on to say former Celsius Network chief executive
• 25:08
  officer Alex Mashinsky was accused by US prosecutors of
• 25:12
  pumping up the price of his firm's cryptocurrency.
• 25:15
  To entice customers to the platform, all all so he could
• 25:19
  line his pockets to the tune of $42 million.
• 25:24
  Machinsky, who was arrested and charged with wire fraud and
• 25:26
  other crimes, waged a years long scheme to mislead customers
• 25:31
  before Celsius collapse last year with more than a billion
• 25:34
  dollars in debt, according to prosecutors.
• 25:36
  He pleaded not guilty at a hearing Thursday in New York.
• 25:40
  Celsius was one of several high profile crypto firms that
• 25:43
  imploded last year. The company gained popularity
• 25:46
  paying high interest rates on digital asset deposits, but
• 25:50
  following the collapse of the Terry USD stablecoin and the
• 25:53
  downturn in the digital assets market in the company was the
• 25:57
  digital assets markets, the company was unable to meet an
• 26:01
  influx. Of customer withdraws, quote of
• 26:04
  Over the course of the past year, we have worked quickly to
• 26:07
  get to the bottom of what led to Celsius collapse, Damien
• 26:12
  Williams, the US Attorney of the Southern District of New York,
• 26:15
  said at a press conference. To understand how a platform
• 26:17
  that advertised itself as the safest place for your crypto
• 26:21
  could have left investors holding billions of dollars in
• 26:24
  losses, today we have the answer.
• 26:26
  Well, Bitcoiners would have told you.
• 26:29
  The fact that the slogan was a centralized exchange is the
• 26:34
  safest pace for your crypto quote.
• 26:38
  UN quote no, the safest place for your Bitcoin is in self
• 26:42
  custody. Period.
• 26:44
  Right? So, like, it makes sense why he
• 26:46
  was attacking Maxis anyways, it goes on to say in a 46 page
• 26:50
  unsealed indictment, prosecutors allege.
• 26:53
  Celsius staff were forced to charge rosy public comments
• 26:57
  Machinsky made about the platform's financial health
• 27:00
  during his weekly question and answer sessions.
• 27:03
  Quotes asked Machinsky anything because the statements were
• 27:06
  false and misleading. It goes on to say quote he looks
• 27:11
  forward to vigorously defending himself in court against these
• 27:14
  baseless charges charges, he said in a statement.
• 27:17
  Machinski will be released on bail after agreeing to a $40
• 27:20
  million personal recognize, recognize and I need help from
• 27:26
  our Australian friend. What does that word say?
• 27:30
  Oh. I'm.
• 27:33
  Not even. That's a weird word, anyway.
• 27:36
  Recognizance. Recognizance bond.
• 27:39
  Cosigned by his wife. Another person.
• 27:41
  He handed and his two passports to authorities and his travel is
• 27:45
  restricted to New York anyway, so this guy looks like he's
• 27:49
  fucked. I also want to give a shout out
• 27:51
  to Corey. Corey was really doing Satoshi's
• 27:56
  work, and he got a tremendous amount of flak for it because he
• 28:00
  was actively warning people about the scam that was Celsius.
• 28:05
  So this is, I would say this was very this is vindication for
• 28:09
  Corey. He got a lot of flak for it.
• 28:11
  And also shout out to Corey, he saved a lot of people.
• 28:15
  If you take a if you take a look at the comments of this post
• 28:18
  specifically, you'll look at it and you'll see how many people
• 28:22
  were literally thanking Corey for his efforts to kind of
• 28:25
  expose the bullshit that was going on.
• 28:28
  So it goes on to say today's arrest of Celsius founder of
• 28:31
  Alex Mashinsky or Corey goes on to say better said.
• 28:34
  Was long overdue. Based on the charges and the
• 28:37
  proven facts, I expect Machinsky to be in prison for several
• 28:40
  decades and that sentence will be well deserved.
• 28:43
  I was perhaps the most ferocious critic of Celsius and Machinsky
• 28:47
  in spring of 20/22 and was singled out by Machinsky and his
• 28:51
  collaborators as a primary enemy of their scheme.
• 28:54
  As usual, my attention was drawn to a crypto scammer because of
• 28:58
  their lies about Bitcoin and bitcoiners.
• 29:00
  In the case of Mashinsky, he began making in passions pleas
• 29:05
  for people to deposit their bill Bitcoin with Celsius, claiming
• 29:09
  that Bitcoiners are responsible for people losing their coins
• 29:12
  through the promotion of self custody because of our public
• 29:15
  spats in the media and on Twitter.
• 29:18
  Over the ensuring weeks, thousands of Celsius users made
• 29:21
  their life altering decision to withdraw their assets from
• 29:24
  Celsius. Many hundreds got in touch with
• 29:26
  me directly. Sending detailed messages
• 29:29
  thanking me for my efforts to shine a light on the scam,
• 29:33
  though the wheels of justice turned perhaps too slowly in the
• 29:36
  end result. In the end, the result will be
• 29:39
  correct. Alex Mashinsky will rot in
• 29:42
  prison. Very, very strong statement at
• 29:43
  the end. But I mean dude, like, I
• 29:47
  remember reading some of those comments, bro, And there was
• 29:50
  there was one that like, never like, slipped my mind and it was
• 29:55
  about basically the single mother.
• 29:57
  Who put her life savings into Celsius And she wasn't one of
• 30:02
  the lucky ones. She was not able to pull out her
• 30:05
  funds. So it and again like this is the
• 30:09
  side of of crypto and BS that you don't really see because you
• 30:14
  always saw the the you know whether it's the the I don't
• 30:17
  like to talk crap about other content creators but let's say
• 30:20
  the alternative currency content creators and people that are not
• 30:25
  Bitcoin only. There's there's real damage that
• 30:32
  they cause when they promote pump and dump schemes.
• 30:37
  There's real hurt there. And you have to understand, like
• 30:41
  most bitcoiners that I've ever that I've met, they go through a
• 30:45
  they go through a shit coining phase.
• 30:49
  And when they go through that shit coining phase, they kind of
• 30:52
  burn their finger on the stove, so to speak, a little bit and
• 30:54
  they realize okay, it's truly Bitcoin.
• 30:57
  And then they kind of make it outside and they become Bitcoin
• 30:59
  only. Most bitcoiners, like from the
• 31:02
  most predominant ones, 99% of them have gone through that
• 31:06
  phase. And I will tell you that most of
• 31:08
  them would have more Bitcoin today if they didn't go through
• 31:11
  that phase, right. So yeah, man, this is.
• 31:17
  This is you know, this is I guess justice is served and I
• 31:20
  think that this is someone that definitely, definitely deserves
• 31:23
  it and normally we wouldn't talk about a shit coiner on the show.
• 31:26
  We don't usually we like to be a little bit more optimistic and
• 31:30
  and focus on the peaceful revolution and really what I
• 31:33
  truly believe are the actual enemies which are central bank
• 31:36
  digital currencies and you know, and I I I don't like to talk
• 31:41
  about shit coins on simply Bitcoin but.
• 31:44
  And I think this man in particular for attacking
• 31:47
  bitcoiners, I think it was worthwhile to highlight, you
• 31:51
  know, what happened yesterday in in New York City.
• 31:55
  Anyways, Luke, what are your thoughts?
• 31:56
  And then we'll pass it on to Opti.
• 31:58
  Justice has been served. It really is as simple as that.
• 32:01
  Crypto scammers going to jail, getting arrested, That's exactly
• 32:04
  what you want to see. The faster people learn how to
• 32:07
  take self custody of the Bitcoin, the better.
• 32:10
  Yeah. 100% I 100% agree with that and that was a good take.
• 32:14
  Quick take and it was sweet. Love it short and sweet.
• 32:16
  Love it opti well. I just want to acknowledge that
• 32:20
  it got somber real quick, but no.
• 32:23
  We're gonna turn it up a notch. But I know we will.
• 32:25
  I know we will. It's the roller coaster.
• 32:27
  It's. Like the roller coaster?
• 32:28
  The roller coaster of emotion. Strong and then but, but and
• 32:32
  with laughs with. And with laughs, yes.
• 32:35
  This this just makes me feel like there is some righteous
• 32:38
  justice in the world. And you know, as much as I don't
• 32:40
  like to stomp on people's graves or misfortune, yo, like, fuck
• 32:44
  Mashinsky, you know these are the type of scammers that keep
• 32:47
  us toxic. I I remember being green and
• 32:51
  falling for the shit coin scammery when I first joined
• 32:55
  Bitcoin, or the, you know, the Bitcoin ecosystem or whatever
• 32:58
  you want to call it, and falling for these type of narratives.
• 33:01
  And This is why I am so adamant about talking about Bitcoin only
• 33:06
  and doing my best to help people.
• 33:08
  Because Nico said it best. You know, if I had only been
• 33:12
  Bitcoin only from the beginning, I'd probably have more big.
• 33:15
  I am guaranteed I'd have more Bitcoin today.
• 33:17
  But I had to. Pay my cost of tuition.
• 33:20
  I had to go through the the shit coin scams to get to this point.
• 33:23
  And these are the type of people that really get us pissed off
• 33:27
  out there because they're they're literally stealing
• 33:29
  people's life savings and they're cloaking it in this feel
• 33:33
  good narrative and this is the shit that really pisses me off
• 33:36
  like shit. Corners are bad for all of us.
• 33:39
  They make us all look bad because they are using the free
• 33:43
  market, the libertarian aspect, to try to scam freely.
• 33:46
  And that's just fucked up. Like I excuse my French guys, I
• 33:49
  I try not to cuss here as much as possible but like don't fall
• 33:54
  for the scams. This is why we are Bitcoin only.
• 33:55
  This is why we are simply Bitcoin.
• 33:57
  Just stay humble, stack sad, stay solvent, provide value for
• 34:01
  your fellow man and saving Bitcoin like it's really simple
• 34:04
  and shit. Corners really do make us all
• 34:05
  look bad and they make it seem like all we're doing here is
• 34:09
  trying to scam and defraud people of the life savings and
• 34:11
  like. I remember Mashinsky going out
• 34:14
  there on Twitter calling all of us Bitcoin.
• 34:16
  Maxi's like, I I forget what he was saying but he was lying
• 34:20
  through his teeth and look again, I I don't like to you
• 34:24
  know jump on people's misfortune but like he deserves this shit.
• 34:27
  Like fuck him. I I again, I I hate to I hate to
• 34:31
  cuss so much here today but like forgive me chat and forgive me
• 34:35
  viewers like fuck Mashinsky. Like he deserves this shit and
• 34:40
  and he's. He's a scumbag like first and
• 34:44
  foremost. And all these other shit coin
• 34:45
  scammers out there that are using the Bitcoin narrative of,
• 34:48
  you know, libertarian live and let live so that they can try to
• 34:51
  scam freely. It's like, it's disgusting.
• 34:53
  Shit Coiners are bigger Bitcoin Maxis than probably a lot of
• 34:57
  bitcoiners because they understand how valuable your
• 34:59
  Bitcoin is and they want your Bitcoin.
• 35:01
  So don't fall for that stuff. And and shouts out to the chat
• 35:04
  for pointing out how the courts are going to let Machinsky make
• 35:07
  bond with his ill gotten gains. Like with with theft.
• 35:10
  Like you know, maybe it's not perfect justice, but this is
• 35:16
  just going to show that you you can't scam in the Bitcoin space
• 35:20
  freely anymore. Like there is repercussions and
• 35:22
  and it's not it's not the Wild West anymore.
• 35:24
  So you know, make your bet. Choose wisely, go Bitcoin only
• 35:29
  and avoid all the shit coin scams because everyone is trying
• 35:33
  to rug pool you and you just got to try to make it to the other
• 35:36
  side. Guys.
• 35:36
  There's so many landmines to fall into as a bitcoiner and
• 35:42
  these are the type of guys that you want to avoid.
• 35:44
  So like you can't shit coin freely, you can't scam freely
• 35:47
  anymore and there will be repercussions to your actions.
• 35:50
  But. Back to being a little more
• 35:52
  positive about all this. Sorry Nico, take your Bitcoin
• 35:55
  into self custody. Do not trust these centralized
• 35:57
  exchanges. This is the way you know right
• 35:59
  now. It's the calm before the storm.
• 36:01
  Make sure your cold storage set up is secure.
• 36:04
  Make sure your seed phrase is backed up.
• 36:06
  Make sure you don't have any Bitcoin on an exchange.
• 36:09
  Make sure no one else is holding your Bitcoin keys.
• 36:12
  This is the way. Like you can avoid this very
• 36:15
  easily if you just hold your own Bitcoin and stop trusting
• 36:18
  middlemen. 100 percent, 100%. And I also shout out to Narwhal
• 36:22
  Tacos, like we did warn people on simply Bitcoin to get your
• 36:27
  funds off Celsius. That's right.
• 36:29
  I completely forget. I have a terrible memory.
• 36:31
  But yeah, I mean, you know, like I don't remember the the like,
• 36:37
  the specifics. And I'm sure we have.
• 36:39
  And the reason that I'm sure that we have is because simply
• 36:41
  Bitcoin has been. Battling this message for the
• 36:44
  last, you know, it's going to be three years in about 10 days or
• 36:48
  so and it's going to be actually opti's first full year
• 36:51
  anniversary I think. Also look the message has always
• 36:58
  been the same. Stay humble stacks ATS we added,
• 37:02
  stay solvent. Thanks to the king go and take
• 37:05
  that said Bitcoin into self custody, you know and anyone
• 37:08
  who's telling you otherwise. I don't think they have your
• 37:11
  interest at heart, to be honest. Everyone is a scammer.
• 37:14
  They want your Bitcoin. I don't think they, I don't
• 37:16
  think they have your best interest at heart.
• 37:18
  So anyways everybody no more delay.
• 37:20
  I want to talk about Luke, I want to hear what he has to say.
• 37:23
  So we're going to, we're going to make this bullish again.
• 37:25
  So we went through over this rollercoaster ride.
• 37:27
  Making it so sad and somber. Nico, this is Friday.
• 37:31
  Alright, alright, here we go. Here we go.
• 37:33
  Here we go. Let's go to the culture.
• 37:34
  Let's do this. Wait, wait a second.
• 37:36
  No. Before that.
• 37:38
  We're talking about self custody.
• 37:40
  We're talking about all these things guys.
• 37:41
  You want to make it over the finish line with your generation
• 37:44
  of wealth. And the only way that you could
• 37:45
  do that is by properly securing your Bitcoin wallet, your
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  Bitcoin wallet pass Bitcoin wallet backup, seed words and
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  pass phrases. Best ways to do it is with the
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  You can use the promo code simply to get 10% off anything
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  on the bitplates.com website. Anyways, everybody, no more
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• 38:46
  tell you about the Pacific Bitcoin Festival.
• 38:49
  You think it's it's fun to hang out with Bitcoiners online.
• 38:52
  Imagine how fun it would be hanging out with bitcoiners in
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  person at the Pacific Bitcoin Festival, the West Coast premier
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  Bitcoin only experience. Join our friends from Corey
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  Clips in Yan Pritzker, Preston Pitch, Lynn Alden, Natalie
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  Brunel, Stefon Laverra, Pierre Rashard, Jimmy Song and much
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  more. The Pacific Bitcoin Festival has
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  top speakers, authors, educators, workshops.
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  Music, laughs, games, and much more.
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  You can use the promo code simply to get yourself a
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  discount to the Pacific Bitcoin Festival.
• 39:24
  I hope to see all y'all in LA. Anyways, Opti, what are we gonna
• 39:28
  talk about today, brother? Yes.
• 39:30
  So as you guys can tell, Luke was specifically requested on
• 39:35
  our show because I forget who it was.
• 39:38
  So forgive me guys, but they're like I need some more bullish
• 39:41
  signal on Simply Bitcoin. So Luke, I'm just going to cheer
• 39:44
  you up. Let's just get bullish.
• 39:46
  What are your most bullish thoughts currently?
• 39:49
  Actually recap what you told me before the show and we'll start
• 39:52
  there. Yeah.
• 39:53
  So my most bullish thoughts, I suppose would be, I just think
• 39:56
  bitcoin's going to be adopted a lot quicker than most people
• 39:59
  expected to be adopted. I think a lot of Bitcoin is on
• 40:01
  Twitter are like, yeah, you know, bitcoin's going to be 500
• 40:04
  K or $1,000,000 by 2030 or 2035. And I just think that's not
• 40:09
  going to happen. Like, it's just my thoughts.
• 40:11
  I'm just speculating, but I think like if you look at the
• 40:15
  previous technologies that have been adopted in the digital age
• 40:18
  over the past 30 to 40 years. They get adopted in an S curve.
• 40:21
  OK. So if you look at the personal
• 40:22
  computer, the Internet and the iPhone, if you take an average
• 40:26
  of all three of those adoption curves, it takes around on
• 40:30
  average 10 years to go from zero to 10% adoption.
• 40:33
  Then you kind of hit an inflection point.
• 40:35
  The technology gains that network effects begins to go
• 40:38
  mainstream, and then it takes the same amount of time.
• 40:41
  So again, another 10 years to go from 10% adoption to 90%
• 40:45
  adoption. So I look at Bitcoin through
• 40:47
  that lens. I've been writing about this
• 40:49
  since 2021. I think Bitcoin is much more
• 40:52
  than just a technological adoption.
• 40:54
  We can maybe talk about that a little bit later.
• 40:57
  But I actually, you know you, if you look at Bitcoin, it's around
• 40:59
  14 years old and it's really hard to pinpoint the adoption
• 41:03
  measure of Bitcoin. Like if you actually look at how
• 41:06
  Creases measures it based on how many people store a large
• 41:09
  percentage of their net worth in Bitcoin, you can make the case
• 41:12
  Bitcoin adoptions like 0.1%. But you can also make the case
• 41:16
  that if you look at all of these, you know, crypto adjacent
• 41:19
  surveys, which I don't put a lot of faith into, but I still look
• 41:22
  at them some, you could make an argument that Bitcoin adoption
• 41:25
  is around 2:00 to 5:00 to even 7% if you look at a global
• 41:29
  average. So I look at Bitcoin and say,
• 41:31
  OK, it's around 14 years old. I think it's actually hitting
• 41:35
  the inflection point and I can make an argument later for why I
• 41:38
  believe 2020 is the inflection point and why I call it the
• 41:41
  monetary chasm and that we have crossed.
• 41:44
  But I kind of think we are in that second phase of Bitcoin's
• 41:47
  technological adoption curve. And it took Bitcoin around 12
• 41:50
  years in kind of error, one or epoch one as I call it, 2008 to
• 41:55
  2020. And I think Bitcoin is going to
• 41:58
  travel from wherever it is today, say 2 to 5% adoption to
• 42:01
  6070 or 80% adoption before 2032.
• 42:06
  So 12 years for epoch one. And I think Bitcoin's going to
• 42:09
  take around 12 years to go from where it is today.
• 42:11
  However, you measure adoption to somewhere.
• 42:14
  Around 70 to 80% to 90% or mainstream adoption.
• 42:17
  And so I just think like I just think that is the trend of
• 42:20
  technological adoptions over the past 50 years.
• 42:23
  A lot of people call me an absolute bulletard for some of
• 42:25
  the projections and numbers I put on that thesis, but it's
• 42:29
  simply just following the trend. So like every single technology
• 42:33
  that has been mainstream adopted over the past 300 years, it has
• 42:37
  happened at an ever increasing rate.
• 42:39
  I just think Bitcoin's going to be the exact same as that.
• 42:42
  And what's really interesting about Bitcoin is it's actually
• 42:45
  competing against a system that is getting exponentially worse
• 42:48
  every single day. That's the Fiat legacy system.
• 42:51
  If any money supply chart that you look at from anywhere around
• 42:54
  the world, it is going absolutely exponential.
• 42:57
  And this is where I get into calling 2020 the monetary chasm.
• 43:01
  Central banks all around the world are in a phase of
• 43:04
  deleveraging their balance sheets.
• 43:06
  They only have one option and it's turned the money printers
• 43:08
  absolutely, exponentially on. We've seen money supply all
• 43:12
  around the world increased by 40, fifty 60% since 2020 since
• 43:16
  we crossed that monetary inflection point.
• 43:19
  And if that's in the West, if you look elsewhere around the
• 43:22
  world, you've got like 140 countries all around the world
• 43:25
  with inflation above 5%. So I believe like this is the
• 43:28
  first inflation spike in the digital age.
• 43:31
  I think there's many. There's a lot of data and stats
• 43:34
  we can maybe get into later that suggests that Bitcoin has
• 43:38
  actually entered that second epoch of people beginning to
• 43:41
  realize it's true value. We kind of mentioned it earlier
• 43:44
  in the chat when we were talking about coins on exchanges.
• 43:46
  Something pretty big has happened and all of a sudden in
• 43:49
  2020 people are accumulating Bitcoin.
• 43:51
  Have they realized that Bitcoin is the asset that you never sell
• 43:54
  for 100 years and it's going up forever?
• 43:56
  Like Michael Sailor says, I think so.
• 43:58
  I think we have entered the era. Of, you know, the billionaire
• 44:02
  FOMO. And I think if that trend that
• 44:04
  began in 2020 continues where 1,000,000 coins have left
• 44:08
  exchanges, by 2028 there's going to be no Bitcoin on exchanges.
• 44:11
  So what's going to happen is Uncle Larry two in the pink, one
• 44:15
  in the think going to rug pull everybody with his paper Bitcoin
• 44:19
  ETFII don't know, I think it's going to be really interesting
• 44:22
  when there are zero Bitcoin on exchanges.
• 44:25
  If the previous three years of data continues, there's gonna be
• 44:27
  0 Bitcoin on exchanges in 2028. So I think it's impossible to
• 44:32
  not be bullish on Bitcoin right now.
• 44:35
  Wait, hold on. Hold on.
• 44:40
  Yeah, I mean, OK. OK.
• 44:40
  OK. Hold on.
• 44:41
  Hold on, hold on, hold on. I agree with the with the
• 44:45
  technological the the technological adoption curve but
• 44:50
  I I also but what I've noticed and then I don't know what your
• 44:54
  arguments are are with this Luke like I I I see my normie friends
• 44:59
  right and they're still in Fiatlandia bro.
• 45:03
  They they because like they're you know the reality is that if
• 45:07
  you live in the US. Fiat currencies are pretty like
• 45:10
  Apple Pay. I keep bringing up Apple Pay,
• 45:12
  like, man, like this is a little haptic.
• 45:15
  Like, you know, you go there and go and it's like so easy to use.
• 45:19
  And I think that if they can keep inflation under control,
• 45:23
  you know, to not above 10% for an extended period of time.
• 45:28
  I think that people like, you know, I think that people are
• 45:31
  just, you know, they're just convenience, like they love
• 45:34
  convenience. And I think that Bitcoin right
• 45:37
  now is, is slightly less convenient to use in VR country,
• 45:42
  VR currencies, specifically in the developed world.
• 45:45
  Like in the developing world, this is a whole different, a
• 45:48
  whole different concept. Like I think I'm so bullish on
• 45:52
  Bitcoin adoption in Elsa, in Venezuela and Argentina and
• 45:56
  Turkey and Nigeria and all these countries, but in, you know, in
• 46:00
  the US. Like, it's just like people just
• 46:02
  don't give a flying fuck, you know?
• 46:04
  So what? What would your response be to
• 46:06
  that? Yeah, so firstly, any bullish
• 46:09
  hate mail or hope and hate mail send it my way.
• 46:12
  And not the boys here at simply Bitcoin, but I've I've read
• 46:15
  about this in 2021 as well. So Bitcoin is a monetary
• 46:18
  technology. This is a very key distinction
• 46:21
  and I've made the argument that you shouldn't actually measure
• 46:23
  adoption based upon how many people use Bitcoin.
• 46:26
  You actually need to measure adoption based upon how much of
• 46:29
  the world's wealth is actually looking.
• 46:31
  Bitcoin or accumulating Bitcoin. So, for example, Michael Saylor
• 46:35
  put in his entire net worth in Bitcoin and buying 150,000
• 46:40
  Bitcoin, that does not. I don't believe it should push
• 46:43
  Bitcoin adoption up by one person out of 8 billion.
• 46:46
  OK Like that's how most people measure adoption of Bitcoin.
• 46:49
  How many people are using it? You know it's 2 to 3% adopted.
• 46:52
  I think the way you should measure it is OK, Michael Saylor
• 46:55
  controls what? Let's let's inflate the numbers
• 46:58
  a little bit to make the example easier.
• 47:00
  Let's say Michael Saylor. That controls 1% of the world's
• 47:03
  wealth. He just put all of his wealth
• 47:05
  into Bitcoin. I believe that pushes up the
• 47:07
  global adoption of Bitcoin by 1%.
• 47:10
  So that's obviously a theoretical example, but I
• 47:12
  actually think the normies don't matter.
• 47:14
  The masses don't matter, as Spensky says, because they don't
• 47:17
  control a lot of money. The ones who matter are the big
• 47:19
  boys, the nation states who are mining Bitcoin right now, I
• 47:22
  believe. And the billionaires like
• 47:24
  Michael Saylor, Bill Miller, Paul Tudor Jones, Stanley
• 47:27
  Druckenmiller, You know, the the list goes on of the billionaires
• 47:30
  around the world. Absolutely fomoing into Bitcoin.
• 47:33
  I believe they're the ones who matter.
• 47:35
  And all of a sudden if they do continue to drain the exchanges
• 47:39
  and there's no Bitcoin left on exchanges, all of a sudden the
• 47:42
  legacy corporate propaganda media are gonna have a really
• 47:45
  tough time explaining to people why the price of Bitcoin in self
• 47:48
  custody is worth $10 million a coin in 2028.
• 47:51
  Meanwhile Uncle Larry's, you know, paper bitcoins only worth
• 47:55
  500,000. I think the normies are I I
• 47:57
  don't give the normies a lot of credit like I ever see.
• 48:00
  I escaped Australia for good reason.
• 48:02
  I think clown world is going to continue and the normies are
• 48:04
  going to continue eating up all of these narratives.
• 48:06
  But I think Bitcoin is truth and Bitcoin is going to eventually
• 48:11
  show reality. When we drain the exchanges,
• 48:13
  there's no Bitcoin left on exchanges.
• 48:15
  Bitcoin truly enters price discovery.
• 48:17
  And I believe that, you know, Bitcoin is that monetary
• 48:21
  technology. So we should look at who has the
• 48:24
  biggest wallets and whether they are in fact.
• 48:26
  Accumulating Bitcoin or not? So I believe the masses
• 48:29
  essentially don't matter in how we should be measuring Bitcoin's
• 48:32
  option. One I, I, you know and very,
• 48:36
  very good response love that in that Svetsky's piece was very
• 48:39
  impactful, right. We are the remnant I think was
• 48:42
  that was the title of it or the masses don't matter.
• 48:45
  It's something remnant something along those lines and
• 48:48
  paraphrasing but yeah no. And that's a very, very good
• 48:51
  perspective because at the end of the day, right it's like.
• 48:54
  You know, it's as terrible as it sounds because I know a lot of
• 48:56
  people are going to be like eco that's it's terrible.
• 48:58
  As you know, it's 100,000 human beings.
• 49:00
  It's like, yeah, but Michael Saylor probably has more wealth
• 49:03
  than 100,000 human beings like and you know, in the in the
• 49:06
  grand scheme of things. So it makes sense if you look at
• 49:09
  it from, from that perspective. And I think that said something
• 49:12
  like in in the in the very beginning where I said something
• 49:15
  along the lines of there's like 50 to 16 million millionaires
• 49:19
  and there's only 21 million Bitcoin.
• 49:22
  Right. You know, there's literally not
• 49:23
  enough to go around. And I think that's basically
• 49:25
  what you're describing, right? Is that like all these
• 49:27
  billionaires that, you know, they're, they're looking at what
• 49:30
  Larry Fink is saying on CNNBC and they're saying holy cow,
• 49:33
  like we, I think, I think Satoshi's quote, right.
• 49:37
  It maybe, maybe it's a good idea, maybe it's a good idea to
• 49:40
  get some just in case it catches on, right.
• 49:42
  Anyways, boys, that quote still still appropriate.
• 49:46
  Anyways, Opti, what are your thoughts, bro?
• 49:48
  And let's see, let's see where we are on likes.
• 49:50
  We're at 1:45 guys. Smash the like button, so we hit
• 49:53
  we. Break 150 Smash.
• 49:55
  The like button right now. Smash it, Smash it.
• 49:57
  Yeah, so just gonna T Luke, Luke up a little more here.
• 50:01
  We were talking about this earlier, I think, and I and I
• 50:04
  talk about this all the time on Twitter Spaces.
• 50:06
  I think people fundamentally underestimate how fast
• 50:09
  information is moving around the world.
• 50:11
  And part of that, of course, is Bitcoin.
• 50:13
  Bitcoin is simply information. And I think that the not only is
• 50:19
  the Overton window shifting towards the Bitcoin message, but
• 50:23
  also people are starting to wake up Like I I think the majority
• 50:26
  of people, I wouldn't say the majority of people.
• 50:27
  There's a small, strong minority of people waking up to the
• 50:31
  facade of the Fiat world of clown world and they're asking
• 50:35
  the hard questions and it's only a matter of time until they wake
• 50:39
  up to the idea of what is money. I were bitcoiners and hence why
• 50:43
  we go so hard on trying to spread that signal.
• 50:45
  But on that note, Luke, we talked about this earlier as
• 50:48
  well before the show. Is this cycle different?
• 50:51
  What would you tell someone out there that's saying, oh, you
• 50:54
  know, history repeats it or history rhymes, it doesn't
• 50:56
  repeat? And you and I, I know we stay,
• 50:59
  we stay stupidly bullish guys. So this is my original sin.
• 51:02
  But I also kind of believe that this cycle is different.
• 51:05
  What would be your thesis for this cycle being different?
• 51:10
  Yeah, so I think the biggest meme in Bitcoin is this idea of
• 51:13
  the diminishing returns theory. You know, everybody's drawn
• 51:16
  these beautiful log charts and they think Bitcoin's going to
• 51:18
  need 100K next bull run and then 150 next bull run.
• 51:22
  You hear it all the time. The institutions are going to,
• 51:24
  you know, decrease the volatility of Bitcoin.
• 51:26
  I say wrong. I think it's going to be an
• 51:28
  absolute meme. And people to for people to make
• 51:31
  the case that Bitcoin is going to continue to get less volatile
• 51:35
  each bull run is absolutely absurd in my opinion, when only
• 51:39
  0. 1% of Bitcoin's total addressable market has actually
• 51:43
  bought some Bitcoin. Like the volatility is only
• 51:46
  going to increase from here. If Bitcoin adoption is 0.1% or
• 51:50
  even 5% depending on how you measure it, how can you make a
• 51:53
  case that Bitcoin is going to continue to see diminishing
• 51:56
  returns each bull run and it's gonna be get, it's gonna get
• 51:59
  less and less volatile when the other 99% of Bitcoin needs to
• 52:02
  come to the realization that they need to accumulate some
• 52:05
  Bitcoin. So I I think that's a big thing
• 52:07
  that a lot of people are probably not thinking about, the
• 52:10
  fact that Bitcoin is going to actually get more volatile.
• 52:13
  Like in Epoch One as I call it, from 2008 to 2020, there was no
• 52:18
  serious money actually looking at Bitcoin, There was none 99.9%
• 52:23
  of the trading volume in Bitcoin.
• 52:25
  But before 20/20 was just retail speculators and they were just
• 52:29
  making paper profits that was sending their Bitcoin to the
• 52:32
  exchanges and they was selling it for a for Lambo and the data
• 52:35
  backs that up, like if you have a look at the data like we
• 52:38
  talked about earlier, coins were only increasing going on to
• 52:41
  exchanges. But since 2020, obviously the
• 52:43
  coins, 1,000,000 coins have been drained off exchanges.
• 52:46
  And I think we're actually coming to the point in bitcoins
• 52:50
  life where the other 99% of the world are actually starting to
• 52:53
  look at Bitcoin and starting to buy some Bitcoin.
• 52:56
  And again, I think the data reflects that Bitcoin was
• 52:59
  significantly affected by the 2022 tightening in monetary
• 53:03
  policy. And that was because the big
• 53:05
  boys, the trader boys, they were actually buying Bitcoin.
• 53:09
  A lot of them didn't understand it.
• 53:10
  So there was a lot of lettuce hands.
• 53:12
  There was a lot of lettuce handed hedge funds out there who
• 53:16
  you know bought Bitcoin AT20K and then they sold it at 50K.
• 53:19
  And that's understandable and that's to be expected as Bitcoin
• 53:23
  monetizers and as the other 99% of the world's wealth slowly
• 53:27
  comes with a realization of what Bitcoin is.
• 53:29
  But for every letters handed institution you also have a
• 53:32
  Michael Saylor who's born and who is going to drain 150,000
• 53:37
  Bitcoin off the exchanges and slap it into self custody.
• 53:41
  And so I think, you know, I that's kind of why I believe
• 53:44
  this cycle can be different. Because all of a sudden the
• 53:47
  entire world's wealth is buying Bitcoin.
• 53:50
  Like the largest money managers in the world are buying Bitcoin.
• 53:53
  I did a thread on this the other week.
• 53:55
  The top 20 money managers and banks in the world control $57
• 53:59
  trillion a capital and twelve of those top 20 money managers have
• 54:03
  flipped bullish on Bitcoin in the last three weeks.
• 54:06
  You got BlackRock, you got Vanguard, Charles Schwab,
• 54:08
  Deutsche Bank, etcetera. The list goes on.
• 54:10
  You guys cover it on a daily schedule.
• 54:12
  So I believe this cycle could be different.
• 54:15
  That's my case for. It beautiful.
• 54:17
  I love that. I love, I love that it's a, you
• 54:19
  know, it's a different outlook because that that is a very
• 54:23
  strong narrative, right, This idea of diminishing returns.
• 54:26
  And then the next cycle we're going to hit, I think it's like,
• 54:30
  you know, common consensus 100 to 200 K and somewhere in
• 54:34
  somewhere in the middle. But you know, I kind of want to
• 54:37
  go back to 2021 and that last bull market and it was the
• 54:42
  common consensus that Bitcoin was going to hit 100K.
• 54:46
  And honestly, this is my opinion.
• 54:47
  I want to get your thoughts on this, Luke.
• 54:48
  Like I think that it was destined to hit 100K.
• 54:50
  I think the reason that it didn't hit 100K was partly #1.
• 54:55
  The CCP, they banned Bitcoin mining in the middle of the last
• 54:59
  bull run. That caused the hash rate to
• 55:01
  drop 50%. The price followed with the hash
• 55:05
  rate, which makes sense because miners had to sell Bitcoin in
• 55:08
  order to relocate to other locations.
• 55:11
  They could only pull that trigger once though.
• 55:14
  And also the rehypothecation, right?
• 55:17
  So you had a lot of paper Bitcoin being sold on FTX, you
• 55:21
  had a lot of Celsius is and you had even Gemini, you know, which
• 55:25
  is a I, I, I. I can't call it, it's hard for
• 55:30
  me to describe Gemini, but let's say it's an exchange that really
• 55:34
  prided itself by following the rules and that's how they, you
• 55:38
  know, that's how they they advertise themselves.
• 55:41
  You know one of the things that they put on the side of buses in
• 55:44
  New York City was crypto needs rules or something like that.
• 55:47
  And then you know they were they were one of the exchanges that
• 55:50
  got caught up in a lot of this. You know yields yield blow up.
• 55:55
  So, so yeah man, look. So I I guess what I'm trying to
• 56:00
  say is I I agree with you. I think that this next cycle
• 56:03
  unless something else you know unexpectedly happens, I think
• 56:06
  that we might be pleasantly surprised.
• 56:10
  I think the last one was was, you know, I think the last one
• 56:15
  was definitely cut short. I I could say the
• 56:18
  rehypothecation maybe I don't have like complete evidence for
• 56:22
  that, the FTX and whatever. But there is a there is direct
• 56:26
  evidence of the effect of the CCP mining ban and what that did
• 56:32
  to the hash rate and what that inevitably did to to the price.
• 56:38
  Yeah, I agree and I I think like this is more data points that
• 56:43
  prove the thesis that Bitcoin has entered the second epoch
• 56:46
  where the world's largest money managers are accumulating
• 56:48
  Bitcoin. The largest entities in the
• 56:50
  world are now attacking Bitcoin. So you have the China mining ban
• 56:53
  in 2021, then you had Operation Choke point 2.0 in 2023.
• 56:58
  I could make a case or somebody could pop the tinfoil hat on and
• 57:01
  make the case that the FDX in Celsius blow ups of 2022 were
• 57:04
  also maybe attacks on Bitcoin or maybe even that.
• 57:08
  Monetary policy was an attack to bring all of the markets down to
• 57:11
  the big boys like BlackRock could scoop up Bitcoin.
• 57:14
  I'm not making those claims. They're not making those
• 57:16
  assertions. But I think we're watching
• 57:17
  attack after attack come after Bitcoin.
• 57:20
  Even more recently we got the was it the Wall Street Journal?
• 57:23
  What what do you call it the Wall Street Journal The Fiat
• 57:25
  Times. They came out and wrote that he
• 57:26
  pays bashing Bitcoin, proof of work mining and we got the whole
• 57:29
  Greenpeace bribe where Jeremy Larson bribe Greenpeace
• 57:34
  $5,000,000 to try to bash Bitcoin mining making that
• 57:37
  ridiculous skull. I think the attacks are coming
• 57:39
  on Bitcoin and that's I believe all an attempt to suppress the
• 57:42
  price so the big boys can accumulate Bitcoin.
• 57:45
  And then like we've seen in the past week, we've seen the
• 57:49
  mainstream media propaganda outlets all of a sudden flip
• 57:52
  bullish on Bitcoin. So I think last week, I don't
• 57:54
  know where I heard this one, I might heard it on your show or
• 57:56
  someone else's, but they said. There was like 4 positive Forbes
• 57:59
  articles last week written on Bitcoin.
• 58:01
  And you know, they've slowly becoming a little bit more
• 58:04
  positive on Bitcoin, but four in a week.
• 58:06
  That's a lot. And that for me gets the alarm
• 58:09
  bells going in the back of my big head.
• 58:12
  So I think it's really interesting.
• 58:14
  And I think obviously, I don't know when Bitcoin is going to do
• 58:18
  a quote, UN quote super cycle. I like in 2021 I was pretty sure
• 58:22
  the cycles were going to break, but I was more bullish.
• 58:24
  Like, I think that at that time I said, you know, everything's a
• 58:27
  probability. But I think all the ingredients
• 58:29
  are here today to break all of these stupid models like stop to
• 58:33
  flow and all of these other garbage diminishing returns and
• 58:36
  rainbow chart models. I think this time is
• 58:39
  fundamentally different and to actually project the past 12
• 58:43
  years of bitcoins data when I believe things were absolutely
• 58:46
  different into the next 12 years, I think that's a mistake.
• 58:50
  So I don't know what's going to happen this cycle, but all the
• 58:53
  ingredients are there to have a very, very bullish scenario take
• 58:58
  place. And what does Bitcoin only do?
• 59:00
  It punishes the masses or the mainstream consensus view.
• 59:03
  The mainstream consensus view is not bitcoins going to be worth 8
• 59:06
  figures before 20-30. Like I believe it is going to be
• 59:09
  worth in today's dollars as well, not hyper inflated
• 59:12
  dollars. So I think, you know, I think
• 59:14
  that's a pretty unlikely view that most people don't hold and
• 59:18
  I think that's probably what's going to happen.
• 59:20
  I would love to get you and Luke Broyles in a room and just have
• 59:25
  a conversation. I feel like that would be like
• 59:27
  Ultimate Bull. Bull Who's the Bitcoin bear?
• 59:31
  Do we know? Do we know a Bitcoin bear?
• 59:32
  Opti? No, they've all been shot in the
• 59:35
  woods. Metaphorically.
• 59:37
  YouTube. Allegedly.
• 59:39
  Allegedly. Anyways, wow.
• 59:42
  OK, this is awesome. I love.
• 59:44
  I love this perspective. I love this take.
• 59:46
  I Opti and I have been talked. We don't like to speculate.
• 59:50
  It's a lot on simply Bitcoin. But Opti and I do talk a little
• 59:53
  bit off air, and we're just like.
• 59:55
  You know what, I think that the next market, the next market
• 59:58
  cycle, I think it might surprise people, but anyways, this
• 1:00:03
  shouldn't. Change.
• 1:00:03
  Wait, wait, wait. Before we go, Nico, can we get
• 1:00:06
  Luke to speculate it a little bit?
• 1:00:08
  How much upside do we have in this next bull run?
• 1:00:11
  All right, we can wash our hands of this one.
• 1:00:13
  Send the hate mail to me. I've already told you guys.
• 1:00:16
  Yeah, so I believe I also have another thesis on the Bitcoin
• 1:00:19
  multiplier effect. So if you have a look at the
• 1:00:21
  past five years of data, for every $1.00 that tries to flow
• 1:00:24
  into Bitcoin, it pushes the Bitcoin market cap up by 2.6 X
• 1:00:29
  love you more hating. Willy Woo has an amazing chart
• 1:00:31
  on his website that tracks the Bitcoin multiplier effect.
• 1:00:34
  So I have a thesis that we will continue to see coins leave
• 1:00:37
  exchanges less available. Bitcoin supply for sale is going
• 1:00:41
  to mean a higher Bitcoin multiplier effect.
• 1:00:44
  So a lot of people say, you know, Bitcoin can capture 10% of
• 1:00:48
  the global wealth in the world. So there's. $900 trillion
• 1:00:51
  Bitcoin can capture 10% of that. That's 90 trillion.
• 1:00:54
  And people say that's just $90 trillion demand.
• 1:00:57
  It's gonna push bitcoin's market cap up by $90 trillion.
• 1:01:00
  I don't think that's true. I think you need to use the
• 1:01:02
  multiplier effect firstly. So you need to go 90 trillion
• 1:01:05
  times, let's say 3 for easy simplified purposes for my thick
• 1:01:09
  brain on a live screen. So 90 trillion times three's
• 1:01:12
  $270 trillion market cap. So that's what is that a a
• 1:01:16
  $1,000,000 Bitcoin or a $10 million Bitcoin?
• 1:01:18
  I I don't, I shouldn't be doing maths live.
• 1:01:20
  But the big take away point is the the more scarce Bitcoin
• 1:01:24
  gets, the higher that Bitcoin multiplier is going to go.
• 1:01:28
  And I think you could see a situation where the Bitcoin
• 1:01:30
  multiplier is not 2.6 X like it has been over the past five
• 1:01:33
  years, but it's actually 5/10/15 or even 50X.
• 1:01:37
  So when you start calculating what percentage of that $900
• 1:01:40
  trillion of wealth? That Bitcoin can capture in the
• 1:01:44
  world, whatever number you think bitcoins going to capture, use
• 1:01:48
  the Bitcoin multiplier effect. And if you do believe coins are
• 1:01:51
  going to continue to move into self custody and hands like
• 1:01:54
  Michael Saylor who claim they're not going to sell their coins
• 1:01:56
  for 100 years, all of a sudden that multiplier effect is only
• 1:02:00
  going to rise. So I think.
• 1:02:01
  It's impossible to put a number on just how bullish you can be
• 1:02:04
  on Bitcoin. I think 9 figures.
• 1:02:06
  So over $100 million per coin in two days dollars is still cheap,
• 1:02:11
  still bearish, still conservative.
• 1:02:14
  Bullish. Wow.
• 1:02:19
  Alright, very, very appropriate with the sound board.
• 1:02:21
  Anyways, everybody, now it is time for the funny part of the
• 1:02:25
  show. It's time for the beam review.
• 1:02:26
  Let's do it. The Daily Meme Review brought to
• 1:02:33
  you by Kaboom Racks. I get this question all the
• 1:02:35
  time, Nico, where should I buy Bitcoin miners?
• 1:02:38
  The answer is Kaboom racks. It's the best place to buy
• 1:02:41
  Bitcoin miners. That's where you're going to
• 1:02:43
  find the best deals and the best prices.
• 1:02:45
  Start your mining utopia today. To check out their racks, you
• 1:02:49
  got to go to T dot me slash Kaboom racks.
• 1:02:52
  Join their Telegram group and start your mining journey today.
• 1:02:55
  Kaboom Racks. Kaboom rack.
• 1:03:00
  All right guys, this is the meme review where you tag me on
• 1:03:03
  Twitter. Simply Bitcoin TV on Twitter, on
• 1:03:05
  your memes, on your favorite memes, and I will get to as many
• 1:03:10
  as possible or drop them in our Telegram group T dot me slash
• 1:03:14
  simply Bitcoin. I look at them there as well, or
• 1:03:18
  I'll find some myself. But memes are important in this
• 1:03:22
  information war, as you can tell.
• 1:03:24
  It's all about spreading the signal.
• 1:03:26
  It's all about getting the calls of action out there.
• 1:03:27
  It's all about ridiculing the corporate press and making some
• 1:03:31
  funny so your friends stay in the game.
• 1:03:34
  Because as you can tell, there's so many people getting that
• 1:03:36
  huddle fatigue right now at the very end of the bear market.
• 1:03:39
  This is why we bring on Luke, so we can get stupidly bullish for
• 1:03:41
  you guys on a Friday. So you guys go out on a weekend
• 1:03:44
  and get super hype and start orange Pilling.
• 1:03:46
  Everyone but you already know the deal.
• 1:03:48
  Tweet to the Bullets Memes of the Artillery.
• 1:03:50
  And here we go, 1st meme is by Wojack Bitcoin.
• 1:03:53
  At first I thought Wojack Bitcoin was, uh, trolling all of
• 1:03:56
  us bitcoiners, but I'm pretty sure he's a bitcoiner now.
• 1:04:00
  Anyways, that's a totally, totally different side now, but
• 1:04:03
  he goes, if you don't want to get scammed, just stick to
• 1:04:05
  Bitcoin. And we got the cloak wojack
• 1:04:08
  bitcoiner with laser eyes here as he goes.
• 1:04:10
  If you don't want to get scammed, just stick to Bitcoin
• 1:04:12
  and put it in cold storage And we got the newbie bitcoiner here
• 1:04:15
  and goes sound good? And then we got the shit coin
• 1:04:17
  scammer here. Whoa Jack with.
• 1:04:20
  Devil face on him because no, how am I supposed to scam him if
• 1:04:23
  he doesn't buy any all coins? This is the way and very
• 1:04:27
  fitting. I didn't even know we're going
• 1:04:28
  to talk about Machinsky, but very fitting, very fitting.
• 1:04:30
  OK, the other news yesterday we kind of talked about it on
• 1:04:34
  Twitter Spaces shouts out to BTC Sessions aka Hashtag Ben Nico.
• 1:04:38
  And here's all the shit Coiners and the XRP army looking at
• 1:04:42
  their shit coin pump yesterday because everyone thought it was
• 1:04:45
  bullish. Because apparently they're
• 1:04:48
  saying XRP might not be a security, but maybe it is a
• 1:04:52
  security when they sell it on exchange.
• 1:04:53
  I forget it Couldn't complicate and convoluted.
• 1:04:56
  Either way, it's a nothing burger and XRP is still a shit
• 1:04:59
  coin. OK, this next one, I'm not gonna
• 1:05:01
  play the video because there might be some audio in here and
• 1:05:04
  we don't want to get copyright tagged on YouTube.
• 1:05:06
  So again, forgive me, I will butcher your guys's video memes.
• 1:05:11
  But we have this one by Miguel Kunetta and he goes.
• 1:05:16
  Me after 10 years and three full Bitcoin, bull bear, bull cycles,
• 1:05:21
  cowboy hat emoji, and we got a bitcoiner here.
• 1:05:25
  Well, it's not a bitcoiner. We got this guy riding a bull
• 1:05:28
  and he's just dancing on the bull like nothing.
• 1:05:31
  This is what it means to huddle your coin.
• 1:05:33
  This is what you got to do to deal with the volatility is Just
• 1:05:37
  Dance on the wave. Let's go that.
• 1:05:41
  Holy shit, dude. That guy's.
• 1:05:44
  That's very impressive. Yes, yes, I've seen people do
• 1:05:47
  this in real life. It's crazy.
• 1:05:48
  It's. Absolutely not dancing and shit.
• 1:05:50
  Dancing on the mechanical bull. This is the wet.
• 1:05:54
  OK, the next meme is by Hoddlecat 21 and he goes when
• 1:05:58
  your meet up location isn't orange pilled yet and we got the
• 1:06:02
  Aflac duck here that is a Bitcoin Max and goes, hey, why
• 1:06:04
  do you not accept Bitcoin? And we got this person running
• 1:06:08
  and it's the restaurant owner and it's a duck and he goes, why
• 1:06:12
  can't I pay with Bitcoin motherfucker take my Bitcoin.
• 1:06:15
  I want to pay you. Bitcoin okay.
• 1:06:16
  This next one is by Maxi's Club, and it's got a Bitcoiner Pepe
• 1:06:21
  Bitcoiner in the bushes. A play on the Homer Simpson in
• 1:06:25
  the bushes meme and he goes, waiting for the right time to
• 1:06:27
  talk about Bitcoin. Waiting for the right time to
• 1:06:29
  get stupidly bullish on Bitcoin and unleash a Luke on you guys
• 1:06:33
  and just get absolutely bullish. Even though you.
• 1:06:37
  We're trying to get bearish on Bitcoin.
• 1:06:39
  It's not allowed here. This is not allowed, Okay.
• 1:06:41
  This next one is by Lena Sisha and she just goes inflation and
• 1:06:45
  we got the little huddler, This is Little Huddler 181 and we got
• 1:06:50
  a Fiat Maxi over here. We'll just call him Jay Powell
• 1:06:52
  and he goes, inflation has dropped and then we got a little
• 1:06:55
  huddler here. Does that mean prices will go
• 1:06:57
  back down and Jay Powell goes no on the little huddler.
• 1:07:01
  Daughter, girl goes, Will they at least stop going up?
• 1:07:04
  No. Well, our savings stop losing
• 1:07:06
  value, though. No, it will not.
• 1:07:09
  So we're still getting poorer, but a little more slowly.
• 1:07:12
  And Jay Powell and crew puts on a birthday hat and balloons and
• 1:07:18
  says yes. You may be getting poorer
• 1:07:20
  slower, but you are still getting poorer.
• 1:07:23
  And on this last one shouts out to my boy Rope, he just goes
• 1:07:26
  Bitcoin radicalism over Bitcoin maximalism and we got Nicolas
• 1:07:29
  Cage with laser eyes smoking a cigarette and he goes one in 12
• 1:07:33
  people are radicalized. The question is how do we
• 1:07:35
  radicalize the other 11? This is the way.
• 1:07:40
  Stay stupidly bullish. This is the way, guys.
• 1:07:42
  OK my meme. Actually drop your meme review
• 1:07:45
  score in the chat over there. The other side and I will do my
• 1:07:52
  meme review score. I think I might have done this
• 1:07:55
  one, but I thought I didn't. But it is a tennis ball.
• 1:07:58
  Oh, whoa. It's an invisible tennis ball
• 1:08:01
  that I use for my back that doesn't exist because it's
• 1:08:05
  invisible. It doesn't do.
• 1:08:07
  I didn't know yellow goes green screen on you.
• 1:08:09
  OK, that's that's new. All right.
• 1:08:11
  Anyways, Nico, what's your meme review score?
• 1:08:15
  Kaboom rack kaboom. Rack is that is that your score?
• 1:08:22
  Kaboom rack. OK, that's the score.
• 1:08:25
  All right, Luke, what's your meaning of your score?
• 1:08:28
  11 out of 10. Wait wait, wait.
• 1:08:33
  We both, before we go to the scores rave elevator, opt the
• 1:08:37
  explaining memes for the audio listeners that's why I come
• 1:08:40
  here. Yes chefs at the C door they
• 1:08:46
  they ripped me a new one on Twitter the other day because I
• 1:08:49
  I ruined their their meme. Odd video meme.
• 1:08:53
  I'm doing my best. I'm doing my best.
• 1:08:54
  Okay. All right, all right, let's see.
• 1:08:56
  Do we have some in? Here, let's pull up some scores.
• 1:08:58
  Here, we got plenty. We got plenty of scores.
• 1:09:00
  All right, here we go. Here we go.
• 1:09:04
  First one by Tucson. Could be Max.
• 1:09:06
  Could be Max. Could be Max.
• 1:09:10
  I give those a memes a cup of black tea for our.
• 1:09:18
  He he was saying in the whole time, Can this guy get bullish?
• 1:09:21
  Not in the Queen's English. For our for.
• 1:09:27
  Our she's Australian, OK? Jerry Throw meme score
• 1:09:31
  Rehypothecated paper Larry Fink divided by 21 million.
• 1:09:35
  Very, very nice this one. UTXO my trying to restore is.
• 1:09:43
  Navata pay. Foreign language don't know.
• 1:09:47
  Bitcoin Bull Run shocks the world CNN features Nico Opti and
• 1:09:51
  Luke on a weekly show called Simply Bitcoin True.
• 1:09:54
  Wow. That is that's bullish.
• 1:09:56
  I like that bullish. Phil CI give the memes a future
• 1:10:00
  with Machinsky making license plates.
• 1:10:05
  Wait, wait, wait. Hold on, hold on, hold on.
• 1:10:06
  Empty feet. Field says tennis balls aren't
• 1:10:09
  yellow. Yes, they are.
• 1:10:12
  It's not fucking with him. I'm pretty sure they're yellow.
• 1:10:14
  Yeah, I am. Colorblind, but I'm pretty sure
• 1:10:16
  they're yellow. Let's see what you did there.
• 1:10:20
  You guys are assholes. Leave my cover my color blinded
• 1:10:26
  cohost alone. My, my, what?
• 1:10:29
  What? What's the eye?
• 1:10:32
  Deficient person? Walt, my score is 2 Lukes
• 1:10:38
  getting super massive bullish. Oh, you guys are both named
• 1:10:44
  Luke? Oh, wow.
• 1:10:47
  The loose, highly regarded Wow OK Opti Opti Fink fields when
• 1:10:51
  the Fink makes you blush. Score Fink with his lips saying.
• 1:10:56
  If we go flop for love, I have love.
• 1:11:02
  Oh, man. All right, all right.
• 1:11:06
  It's going up forever, Laura. Exactly.
• 1:11:08
  We're we're out of time. We're out of time.
• 1:11:11
  Get on board. Thank you.
• 1:11:13
  Thank you so much for tuning in to Simply Bitcoin Live this
• 1:11:17
  week. I'm your host, Nico is my cohost
• 1:11:19
  Opti, and I want to give a very special shout out to our guest
• 1:11:23
  Luke. Thank you so much for for coming
• 1:11:25
  on the show today. Good day.
• 1:11:26
  We appreciate you. I know you're a fellow content
• 1:11:29
  creator as well. So keep on the good fight, love
• 1:11:32
  your content as well. Just checking it out before the
• 1:11:35
  show and appreciate you coming on the show today and giving us
• 1:11:38
  your bullish takes, my friend and hope to have you on, you
• 1:11:42
  know in the in the near future hopefully.
• 1:11:44
  Thanks for having me. It was an absolute pleasure to
• 1:11:46
  join and join the fight of creating Bitcoin only content on
• 1:11:50
  YouTube. There's really not enough.
• 1:11:51
  Bitcoin and the content out there.
• 1:11:52
  So thanks for the kind words. I appreciate it and send all of
• 1:11:56
  your bullish hate mail to me. I know I like to put the hope in
• 1:12:00
  out there, so I hope the people liked it.
• 1:12:02
  Yeah man, thank you. Thank you so much for joining
• 1:12:05
  us, man. And we really appreciate it.
• 1:12:07
  Hang out backstage so we could chat after the show.
• 1:12:09
  But anyways, guys, thank you so much for tuning into another
• 1:12:12
  episode of Simply Bitcoin Live. We really appreciate it.
• 1:12:15
  If you enjoyed the show, make sure to smash that like, but if
• 1:12:17
  you enjoyed the content. If you feel like it, provided
• 1:12:21
  you value, consider subscribing. But the number one thing you
• 1:12:23
  could do to push the peaceful Bitcoin revolution forward is
• 1:12:27
  share Bitcoin content. Share simply content.
• 1:12:30
  Share swan content, Share Bitcoin, mag content, Share
• 1:12:33
  Luke's content, Share kinetic finance, share BTC sessions.
• 1:12:37
  There's so many great Bitcoin content creators, I can't name
• 1:12:40
  them all, but you guys get the point.
• 1:12:41
  Don't share shit coin content. That's counterproductive.
• 1:12:45
  But we love you all. Have an amazing weekend, and
• 1:12:47
  we'll be back Monday 12:15 PM Eastern Standard Time for
• 1:12:50
  another episode of Simply Bitcoin Live.
• 1:12:53
  Peace out, y'all.