Latest / Simply Bitcoin / Did Michael Saylor Lose Control of Bitcoin? (Why is it dumping?) | EP 1491

Transcript

Did Michael Saylor Lose Control of Bitcoin? (Why is it dumping?) | EP 1491 · Simply Bitcoin

• 0:05
  We got used to Michael Saylor announcing huge Bitcoin buys on
• 0:10
  Monday, and the price has been responding positively for over
• 0:14
  the last months. But not today.
• 0:17
  Bitcoin is dumping. Well, they had a dump for ants
• 0:19
  today, but there is one signal that explains just how this
• 0:24
  isn't weird. It actually happens to Bitcoin
• 0:26
  every single year. But before we get into that,
• 0:29
  let's just cover what happened this morning.
• 0:32
  So strategy announced another buy, taking about 3200 Bitcoin
• 0:36
  off the market forever. Of course, that's eight times
• 0:40
  the daily amount of Bitcoin mined per day.
• 0:44
  Let's get into that. Here we go.
• 0:46
  So Sailor again announced another Bitcoin buy.
• 0:50
  This one, however, it's a lot smaller than the ones we've seen
• 0:55
  the last few weeks. Yes, last week we did see
• 0:58
  another billion dollar week for strategy, in particular to the
• 1:01
  stretch product. This morning it's it's getting a
• 1:04
  little smaller, which is very interesting.
• 1:06
  I was looking at the stretch numbers this morning about how
• 1:09
  much Bitcoin is going into it so far today.
• 1:12
  It is dying down a little bit, which is I, I don't say I
• 1:15
  wouldn't say it's a, you know, cause for concern here, but it
• 1:20
  is looking like it's slowing down.
• 1:22
  It is looking like the interest into the stretch product, at
• 1:24
  least so far this week is dying down a little bit.
• 1:27
  But here's the announcement strategy acquired 3273 Bitcoin
• 1:31
  for roughly $255 million. Now of course they hold about
• 1:36
  818,334 Bitcoin and part of this that is funny to me.
• 1:42
  He's buying $255,000,000 and we're like, it's small, like
• 1:46
  sailors losing control of the market.
• 1:48
  He's not able to attract as much capital as he was before and yet
• 1:53
  it's still a $255,000,000 buy. So it is interesting how in in,
• 1:58
  in context, in comparison to some of the buys we've seen from
• 2:02
  Sailor or rather micro strategy or strategy, this one is a
• 2:08
  little less than we're used to right now.
• 2:10
  And obviously you could make the case that maybe it's because
• 2:14
  people are losing interest in strategy or right now maybe he's
• 2:17
  not able to attract that much capital.
• 2:19
  It's still a huge buy in comparison to anyone else out
• 2:23
  there buying Bitcoin. And just to compare a little bit
• 2:26
  here is Strive, they announced a buy as well, 789 Bitcoin for $61
• 2:33
  million. So there is some interest coming
• 2:36
  in through the Bitcoin treasury plays.
• 2:40
  They're still acquiring a lot of Bitcoin, which has been going
• 2:42
  into the idea that it seems. Like there's probably only going
• 2:46
  to be a couple of. Winners in regards to the
• 2:48
  Bitcoin treasury play, I think it's probably going to be
• 2:51
  MicroStrategy. Metaplanet Strive's been holding
• 2:54
  on pretty good. We haven't really heard too much
• 2:56
  from 21 Capital, but there's still a lot of interest right
• 3:02
  now. It just, it is down a little
• 3:03
  bit, but there's still general institutional interest which I
• 3:07
  will cover in a minute, but I'm sure everyone's wondering.
• 3:11
  I thought you. Said on Friday Opti that the
• 3:14
  bear market was over that that we're finally going to start
• 3:18
  seeing this slow grind up higher.
• 3:21
  And I was totally convinced of that until I remembered that we
• 3:26
  have the Bitcoin conference today.
• 3:28
  And I love the Bitcoin conference actually let I was
• 3:31
  going to save this for later, but I'll just pull it up right
• 3:33
  now since I'm talking about it. Check out Nico some picks this
• 3:37
  morning. I, I'm obviously I'm not in Las
• 3:39
  Vegas today, but you know, we, we got our own little booth in
• 3:42
  there. It's looking kind of nice.
• 3:44
  So Bitcoin conference 2026 in Las Vegas Live Today.
• 3:49
  Now, why am I bringing that up? Because everyone knows,
• 3:52
  literally everyone knows if you've been in Bitcoin for a
• 3:55
  while. Every single time we see the
• 3:58
  Bitcoin conference, the price starts dumping.
• 4:01
  I, we don't know why, literally we don't know why this happened.
• 4:04
  And I, and I don't want to make this sound like I'm saying this
• 4:08
  is the Bitcoin conference's fault.
• 4:10
  You know, we love the boys over at Bitcoin Magazine.
• 4:13
  It just seems every single year, like clockwork, the Bitcoin
• 4:18
  price is gonna dump when the Bitcoin conference starts.
• 4:20
  And I think this is what we're seeing.
• 4:22
  Again, we don't really know why this happened.
• 4:25
  We just see a lot of selling. Or as we saw.
• 4:28
  This morning some liquidations and the Bitcoin price dumps.
• 4:32
  Now I know everyone in the chat's like oh here we go Opti
• 4:35
  fear mongering again or trying to blame Nico and Nico's not
• 4:38
  even on the show today. But this is just what happens
• 4:42
  every year, every. Single year, like clockwork, the
• 4:45
  Bitcoin price goes down around the Bitcoin conference, and then
• 4:49
  shortly after it's gonna make a good run.
• 4:52
  And of course, it wasn't even that bad if you're looking at
• 4:55
  the technical levels we did. Kind of bounce off that
• 4:58
  resistance level of 7879. It almost got to 80 K this
• 5:03
  morning and then we got rejected and currently around like 76.
• 5:06
  At least that's what the price was before I started the show.
• 5:10
  I haven't checked it since I started the show.
• 5:12
  But in general, overall view of where we are is very interesting
• 5:16
  and shouts out. To first of all, Onsell shouts
• 5:20
  out to Onsell Linder. I love his account, but I also
• 5:23
  got some updated charts from the Bitwise.
• 5:26
  Andres or Andre from Bitwise kind of showing where we
• 5:29
  currently are, how much the interest is coming from the
• 5:32
  institutions. But here's Onsell's view.
• 5:34
  He goes this is nuts, huge negative funding rates with a
• 5:37
  price about to break out. This is a recipe for a fast
• 5:40
  moving price back to all time high.
• 5:42
  And you can see 3 standard deviations for negative funding
• 5:45
  rates. That's huge.
• 5:47
  Essentially what this has been. Telling us is it's almost like
• 5:50
  the entire market is short right now.
• 5:52
  And even though we did kind of get a long liquidation this
• 5:56
  morning and hence the price going down a little bit, overall
• 6:00
  we are seeing a pretty good set up for an aggressive move on the
• 6:05
  opposite direction. But with this in mind, we are
• 6:08
  seeing that there are forces that are trying to keep Bitcoin
• 6:11
  under 80K. For how long?
• 6:13
  Obviously we don't know and for what reasons.
• 6:16
  Obviously we don't, no, maybe they're just trying to pack
• 6:19
  their bags before things start getting a little frothy in the
• 6:21
  market. But again, it's a Bitcoin
• 6:24
  conference. And even though I was bullish
• 6:27
  last week and I'm like, man, it really feels like we are going
• 6:29
  to. Break out after the Friday show,
• 6:33
  I remembered it's a Bitcoin conference week.
• 6:37
  And we're going to probably. See a dump.
• 6:38
  Happen in in front running of the Bitcoin conference.
• 6:42
  Now I think we're going to get some very big news coming out of
• 6:44
  the Bitcoin conference. Obviously, this is usually where
• 6:48
  a lot of the big. Bitcoin announcements happen
• 6:51
  every year, so it could be a big week.
• 6:53
  We could get some really good clips, we could get some really
• 6:55
  good news stories coming out of the Bitcoin conference.
• 6:58
  It literally just started and nothing really happened yet so
• 7:02
  far. First day is a little slow and
• 7:04
  then it picks up into tomorrow and Wednesday, so I'm expecting
• 7:07
  some pretty big news coming out of the Bitcoin conference.
• 7:11
  This. Week.
• 7:12
  Will it be anything fundamentally game changing
• 7:14
  that's gonna drive the Bitcoin price?
• 7:16
  Probably not. We we are in a scenario right
• 7:20
  now where it doesn't really matter what news we're hearing,
• 7:24
  Bitcoin's kind of just doing its own thing.
• 7:25
  In the past, when you get any amount of the news that we've
• 7:28
  seen in the last year, the Bitcoin price would RIP.
• 7:31
  Right now it seems like the price action is independent of
• 7:35
  any single news story happening. But it is.
• 7:39
  Building a very strong foundation for when we do make
• 7:42
  another move up. Now, I did see a lot of people
• 7:45
  over the weekend talking about the, you know, having or sorry,
• 7:49
  the four year cycle, how it's playing out exactly as designed.
• 7:53
  A lot of people are still doubling down on the idea that
• 7:55
  we're going to probably be going sideways until Q.
• 7:58
  Three of this year. No one really knows, but what we
• 8:02
  do know is the amount of interest coming into Bitcoin has
• 8:06
  fundamentally changed. We are in a new era.
• 8:09
  Yes, the Bitcoin price is still kind of playing out how we've
• 8:12
  known it would in previous cycles.
• 8:16
  But the interest that we're seeing, it's one of those very
• 8:20
  silent moves that I think is building for what is going to be
• 8:24
  the next leg up. So we could be having cheap sats
• 8:27
  until Q3? Of this year, it could also
• 8:32
  fundamentally change a little bit.
• 8:33
  But hey, another year, another Bitcoin dump on the conference
• 8:38
  day, so right now is a good time to be buying, I said.
• 8:41
  It on on Friday. 'S show.
• 8:43
  Would you be buying right now? And I keep saying the same
• 8:47
  thing, I think so. I think now's a good time to
• 8:49
  buy, obviously. If you think it's going to go
• 8:52
  lower, then you don't want to lump sump in.
• 8:54
  But if you're just thinking long term lump sum, don't think about
• 8:59
  it for 10 years, you're going to be good to go.
• 9:01
  But as I was telling you, I do have some more of a
• 9:05
  institutional perspective of what's going on.
• 9:07
  And here's Andre again. He is from Bitwise European Head
• 9:11
  of research. And he goes.
• 9:12
  Chart of the Weeks. Institutions bought roughly
• 9:16
  92.9000 Bitcoin in the past 30 days, while on chain selling
• 9:21
  pressure cooled to roughly 14. .9000 Bitcoin and outflows
• 9:26
  demand is rising, outflows are slowing downside pressure on
• 9:30
  Bitcoin is fading, which is what I told you guys on Friday, which
• 9:34
  is. Yes, we are still kind of in the
• 9:38
  gulags. Yes, we're still kind of going
• 9:39
  sideways. But what we have seen in the
• 9:42
  last couple of months is there seems to be seller exhaustion
• 9:47
  going on. Right now.
• 9:48
  There doesn't seem to be that much Bitcoin being sold,
• 9:52
  especially in the face of all of the buying we're seeing.
• 9:55
  Obviously a very simple supply demand economics is just going
• 9:59
  to explain to you, well then why is the price not going up?
• 10:02
  Because there's more people selling, but we're starting to
• 10:04
  see that the selling is slowing. And once we get that selling
• 10:08
  pressure completely off the table, that's when we start
• 10:11
  running. Now with that in mind, obviously
• 10:15
  I think there are some very interested parties to make.
• 10:20
  Sure that the price doesn't start ripping right now as we
• 10:24
  see a lot of the Bitcoin products from Wall Street start
• 10:27
  to get rolled out as we start to see.
• 10:29
  Different positionings and and longs and shorts.
• 10:33
  Play out, you're starting to see we're starting to get a little
• 10:37
  bullish here, even though the price did go down a little bit.
• 10:39
  But reading the sentiment in the chat, everyone's like a dip.
• 10:44
  We didn't even dump. We're at like. 76 K, it's like a
• 10:47
  maybe not even a 1% move, yes, but it is funny that again, you
• 10:53
  know, we've been saying for a while all our models are broken
• 10:55
  except for a few models that still play out and one of them
• 10:59
  is no matter what, like clockwork on the conference.
• 11:03
  Day we get a dump. It's just one of those things
• 11:07
  that as a Bitcoin, have you been around for a long time, You,
• 11:10
  you, you hope that this time is different and yet it plays out
• 11:15
  exactly as designed. The heuristic of it dumped on
• 11:19
  conference day. It's still undefeated, but that
• 11:23
  doesn't necessarily. Change the long term trajectory
• 11:26
  here I still think. What I said on Friday, what
• 11:29
  sailors actually been saying the crypto winter is over and a
• 11:33
  conference day dump. I think both of those things are
• 11:36
  not mutually exclusive. I I think we can both say that
• 11:39
  yeah, it dumped on conference day, but also I think we might
• 11:43
  might have escaped a very deep draw down in the Bitcoin bear
• 11:49
  market. You know, we only got down to
• 11:52
  45% at the deepest so far. Obviously it's not over.
• 11:56
  It could go even further, but it is starting to feel like this
• 12:01
  time is different and I know when I say that it's probably
• 12:04
  dumping as I speak. But anyways, Andre also updated
• 12:08
  and goes boom net. Institutional demand growth for
• 12:11
  Bitcoin reaccelerates to the highest level since late 2025 S
• 12:16
  again, the narrative is building the the data is supporting what
• 12:20
  we've been seeing happen in Bitcoin the.
• 12:23
  Institutional interest into Bitcoin is starting to heat up.
• 12:27
  We're starting to reaccelerate there.
• 12:29
  There is a lot of buying coming on through the ETFs through.
• 12:34
  Institutional positioning for a long term movement, but as of
• 12:39
  yet we are not. Completely out of the woods yet
• 12:42
  sailor might believe the Bitcoin bear market is over.
• 12:45
  We also might believe the Bitcoin bear marketing is over.
• 12:48
  But there's still some selling, some spot Bitcoin selling that
• 12:53
  is driving down the market right now.
• 12:56
  And this is one of those questions that I'm always I, I
• 12:59
  always ask myself around conference day.
• 13:01
  It's the biggest, it's the biggest event in Bitcoin.
• 13:05
  And yet every single time it dumps on us, it's it's just part
• 13:09
  of the, the fun and roller coaster being in Bitcoin.
• 13:12
  But an update on where we currently are in Bitcoin for the
• 13:17
  month of April is also pretty bullish, though there's still
• 13:21
  this big trend or rather big idea that we're going to get a
• 13:25
  bullish April and then people are going to sell in May and
• 13:29
  then they go away as we have seen play out in the past.
• 13:33
  But as of now, if Bitcoin closes above 79 K, it's going to be the
• 13:37
  best performing April in six years.
• 13:39
  So. This was posted a little while
• 13:42
  ago, so I'm going to go to the updated view here.
• 13:45
  You can see we are up. Well, I can barely see that we
• 13:48
  are up almost 14% for April if we get to 79 K if we close
• 13:53
  above. 79 K then that's. Going to be one of the most
• 13:57
  bullish April as we've seen in Bitcoin since basically 2020 and
• 14:03
  that number. There. 20/20/2019 When we saw a
• 14:09
  very bullish April, we also saw a very bullish May.
• 14:12
  Even last year we saw a bullish May.
• 14:14
  So the this idea that everyone's saying that oh we're going to go
• 14:19
  up in April, it's going to dump in May, it might not exactly
• 14:22
  play out that way. Even last year we were roughly
• 14:25
  around this number and we got another very bullish May
• 14:29
  afterwards. So could history repeat like
• 14:34
  last year and we get a bullish April, May, June, July I would
• 14:40
  love to see? That, that would be great.
• 14:44
  And then obviously, would that necessarily end the idea that
• 14:50
  the bear market ends in October of this year, Q3 of this year?
• 14:54
  We shall see. But here we go.
• 14:57
  We'll we'll do some quarterly returns here and you know, so
• 15:03
  far so good into this year. It's almost playing out exactly
• 15:06
  as we did last year. But let's just hope we don't
• 15:09
  have a very negative Q. 4 But as we all know, and Bitcoin
• 15:17
  sometimes, sometimes it's the heuristics.
• 15:21
  And the memes that play out the best.
• 15:23
  And if we were waking up this morning expecting to see Sailor
• 15:29
  continue to to control the Bitcoin price, I mean?
• 15:32
  He's obviously not alone in pushing the Bitcoin price up,
• 15:37
  but it seems like he's the one single handedly.
• 15:42
  Moving the Bitcoin price, with the amount of Bitcoin he's
• 15:45
  scooping up, I think we were kind of expecting a a little
• 15:49
  more. Bullish Monday going into
• 15:52
  conference week, but again. Bitcoin conference dump still in
• 15:58
  play some of the models that we have, or rather maybe some of
• 16:01
  the heuristics that we know I was going.
• 16:04
  To say no and love, maybe, no and hate still play out like
• 16:07
  clockwork, so I wouldn't be too surprised if.
• 16:10
  This week we see a little bit. Of red action because of the
• 16:14
  conference. Again, this is not saying
• 16:17
  anything in regards to how much I love the Bitcoin Magazine
• 16:21
  conference. It just, it just plays out like
• 16:24
  clockwork. So if people are looking at the
• 16:26
  Bitcoin price and I think they're using this conference
• 16:30
  day dump as the reason for us going to maintain a bear market
• 16:36
  for another couple of months, I I think that's probably just
• 16:40
  engagement baiting at this point.
• 16:43
  I think I think what we're seeing is just kind of playing
• 16:46
  out exactly as designed as exactly as we know it to be.
• 16:50
  Now. I didn't really want to do any
• 16:52
  chart bowling for you guys right now, but at this point you know
• 16:56
  you. Guys can yell at me let's see
• 16:58
  I'd love to see your four or five up months.
• 16:59
  You know, I, I know, right? That would be great here.
• 17:02
  Actually, let me let me go back here and and we'll, we'll, we'll
• 17:04
  chat about it via this chart here.
• 17:08
  So it would be pretty great. I mean, look, 2025 obviously
• 17:14
  wasn't the best year. It it almost felt like we went
• 17:17
  sideways the entire year. Now I don't want to see that
• 17:20
  play out again. I I actually want to see some
• 17:22
  life in the price action of Bitcoin.
• 17:25
  But if we do see some slight. Pumping all the way until July.
• 17:29
  I, I I'd be OK with that. That'd be fun.
• 17:35
  Maybe, maybe we see a 2020 or 2017.
• 17:39
  Type. Type year, that'd be great.
• 17:44
  I'd be here for that though. These numbers are a little off,
• 17:47
  are a little less bullish than we saw in 2017, obviously.
• 17:51
  But man, it is. It is a.
• 17:55
  Slow, slow Monday. And I think what we're seeing is
• 18:00
  I think a lot of the big news that we're going to have this
• 18:02
  week are being saved for conference announcements.
• 18:06
  So today if I remember correctly.
• 18:10
  Usually the first day is like industry day, so we won't see
• 18:15
  probably any big announcements coming out of the Bitcoin
• 18:18
  conference today. I think most of the big
• 18:21
  announcements will happen tomorrow and Wednesday, but I
• 18:25
  think everyone's eyes are on the conference right now as we've
• 18:28
  been covering. Actually, there was a lot of.
• 18:30
  There was a lot of. Debates and skirmishes over the
• 18:35
  weekend in regards to. Some of the speak speakers and
• 18:39
  speeches at the conference, but I think what we're going to.
• 18:43
  See is again some very good announcements come out of this.
• 18:47
  I think we will probably get some pretty big news stories and
• 18:50
  we're all kind of looking at the Bitcoin conference this.
• 18:53
  Year and really wondering how can they show up from what we
• 18:58
  saw the last couple of years like what could be a big.
• 19:01
  Announcement coming out of the Bitcoin conference.
• 19:03
  That is going to fundamentally change people's opinion of
• 19:07
  Bitcoin and it's really hard for me to see anything coming out of
• 19:12
  the Bitcoin conference that's going to be a game changing
• 19:16
  world shattering announcement. But I would not underestimate
• 19:21
  the Bitcoin mag team. David Bailey has a very does a
• 19:24
  very good job of kind of saving a lot of the big news stories
• 19:29
  and then dropping on dropping them on us out of basically like
• 19:33
  a surprise announcement. So I'm I'm pretty excited to see
• 19:37
  what comes out of the conference today, or rather this week.
• 19:40
  Obviously, I'm at home. I'm still in Miami.
• 19:44
  I had to do this this this stream.
• 19:47
  Mexicano. Thanks for the Super chat bro.
• 19:51
  Joining by bra. WTF can be said at Bitcoin
• 19:54
  conference that hasn't been said before?
• 19:56
  Honestly, that is that. Is kind of what I also and
• 20:01
  feeling at least for this year. Well, not only that everything
• 20:06
  has already been said at a conference, but really?
• 20:08
  More How can they up the ante from the last few years?
• 20:14
  I I can't really think of anything that would
• 20:16
  fundamentally be a game changing announcement coming from the
• 20:21
  conference. But every year, big news comes
• 20:23
  out of the conference. This year I'm having I'm having
• 20:26
  a hard time wrapping my head around what.
• 20:30
  Could actually be big news this year.
• 20:32
  It feels like everything's already happened.
• 20:34
  It feels like all the announcements we've seen over
• 20:36
  the last six months, nine months, a year are way probably
• 20:40
  bigger news that. It's been kind of swept under
• 20:43
  the rug, so I'm I don't know what's going to come out of it.
• 20:47
  I'm, I'm sitting here just like you.
• 20:49
  Are you guys wondering what's going to be what's going to be
• 20:52
  the big news this year? Obviously, there is one
• 20:56
  fundamental difference from this year based on last year and I
• 21:02
  think this. Is where all the dramas coming
• 21:03
  out in regards to what is happening at the Bitcoin
• 21:06
  conference? It is.
• 21:07
  It's some of the people that are speaking there.
• 21:10
  There's been a big push, at least on Twitter, of this idea
• 21:13
  of like, oh, now we are giving the enemies, you know, speaker
• 21:18
  time at the Bitcoin conference. The very people that we thought
• 21:21
  we were here to disintermediate are now at the conference and a
• 21:25
  lot of people are getting mad about that.
• 21:28
  And then there's the flip side of.
• 21:32
  Everyone's going to use Bitcoin, even our enemies, and now they
• 21:34
  want to speak to us at our conference.
• 21:36
  Now they want some, you know, space-time at the conference.
• 21:40
  What? Can they say what what are even
• 21:42
  like? Should they even be allowed to
• 21:44
  speak? And I think from at least my
• 21:47
  perspective, it's always been Bitcoin is for anyone, Bitcoin
• 21:50
  is for enemies. So I'm going to be very
• 21:52
  interested to see the sound bites to see what comes out of
• 21:55
  the conference. But if you're looking at the
• 21:57
  price action today and trying to really make a broader picture
• 22:03
  of, oh, look, I told you Bitcoin was bad because it dumped, I
• 22:07
  don't even know. Let me I'll I'll pull up my my
• 22:09
  chart. Today, just just for some lols,
• 22:12
  just so I can get a little context here.
• 22:14
  Actually, I'm I'm not even going to pull it up.
• 22:16
  I'll do it behind the scenes. The Bitcoin price dumped 3
• 22:19
  percent, 3% on the day and everyone is saying Oh no, it is
• 22:26
  officially over. Are you supposed to watch this?
• 22:32
  Whatever you want, man, whatever you want.
• 22:35
  If you're here watching us, obviously appreciate it.
• 22:38
  I will definitely give you guys the highlights of the conference
• 22:42
  when I. You know, I'm going to, I'm
• 22:44
  going to be scourging the psyopsin coming.
• 22:48
  I'm going to be looking at, you know, all the highlights coming
• 22:52
  out of the conference. I will package it for you guys.
• 22:55
  So if you don't want to sit and watch the conference, you know
• 22:58
  8-9 hours of speakers, I will summarize as best I can all of
• 23:04
  the news coming out of the conference for you guys.
• 23:06
  So maybe, maybe you have less time, maybe you don't want to
• 23:09
  sit there and watch the conference for 9 hours a day.
• 23:13
  I'll show you. Excuse me.
• 23:14
  Sorry guys. I will give you the highlights
• 23:16
  tomorrow and Wednesday and most likely Thursday if I'm not able
• 23:20
  to cover everything on the show. Let's see.
• 23:27
  That's a good comment. Thank you for the other super
• 23:28
  chat, bro. Actually, I'll read it, I guess.
• 23:31
  No, wait, maybe not. No, we love the conference, bro.
• 23:35
  We love the conference. Come on.
• 23:38
  But for everyone that's out there in Vegas, I know you're
• 23:42
  not going to be able to see me. I know you're saddened about it,
• 23:45
  but definitely go hang out at our at our booth.
• 23:47
  Go say what's up. Go give Nico your vitriol in
• 23:51
  person. I doubt that would actually
• 23:53
  actually. Don't do that.
• 23:53
  Don't be mean to Nico. Be nice to him in person.
• 23:58
  They're working hard over there. Some of the team will.
• 23:59
  Be out there. So if you're in Vegas, go hang
• 24:02
  out by the booth. Got some of the Bitcoins or
• 24:05
  simply Bitcoin team there. It's going to be very
• 24:08
  interesting to see. What comes out of this?
• 24:10
  I'm I'm, I think I'm more interested in what comes out of
• 24:13
  this because it it seems like I, I just don't know what the big
• 24:17
  announcement would be like. What could the big announcement
• 24:20
  be here that is going to really put a stamp on Bitcoin biggest
• 24:24
  2026. Now maybe it's because I just
• 24:28
  don't know what they're going to talk about.
• 24:30
  They they definitely have some, you know, some treats hitting up
• 24:33
  their sleeves here, but it's going to be interesting.
• 24:37
  I'm I'm, I'm interested to see what what we see on stage, what
• 24:40
  the clips are. So that's.
• 24:41
  Probably going to be the bulk of this week for you guys.
• 24:45
  We're just going to be covering most likely the news stories
• 24:48
  coming out of the conference. We'll see how the media reacts
• 24:51
  to this conference this year, especially since it is a.
• 24:54
  Bear Market conference, at least that's kind of the sentiment
• 24:57
  here, but we'll be covering it for you guys all week long, OK.
• 25:04
  Actually, you're funny, man. You're funny.
• 25:07
  Yeah. All right.
• 25:08
  OK. Yeah, DB, you're, you're so
• 25:12
  true. It's so true.
• 25:14
  They contributing. Yeah, yeah, I, I, I think one of
• 25:19
  the big interesting ideas that we're starting to see on chain
• 25:25
  is just that retail is no longer in control.
• 25:29
  I think that's the biggest signal we've seen in the last
• 25:31
  few months. It's institutions.
• 25:35
  Institutions are wholly in control of the Bitcoin price.
• 25:38
  At least short. Term.
• 25:39
  And we'll see what happens. Obviously long term, I don't
• 25:43
  think that that my thesis has changed on where this is going
• 25:46
  long term. But short term, I think
• 25:48
  institutions are, are 100% in control.
• 25:50
  Actually there's an interesting stat and when I was seeing this
• 25:55
  it it just made me think of. The amount of shorting and I, I
• 26:00
  don't want to say institutional capture of Bitcoin price, but
• 26:02
  did you guys see? The news that Jane St. made like
• 26:05
  $40 billion of profit. And my first thought was like.
• 26:10
  Damn dude, it's so profitable. Profitable controlling the
• 26:13
  Bitcoin price. Because we were all speculating
• 26:16
  that Jane St's been the one that's really been suppressing
• 26:18
  Bitcoin. Well, obviously we don't know
• 26:22
  their financials here. We don't know where the bulk of
• 26:25
  that money came from. But that 30, I think it was 30.
• 26:29
  9.1 billion. Dollars, I guess it just goes to
• 26:33
  show it's very profitable to try to control the Bitcoin price
• 26:36
  where we currently are. At a certain.
• 26:38
  Point that's going to break and then that's when the fun really
• 26:41
  is going to start to happen, at least for us, obviously for us
• 26:46
  Bitcoin holders. I know everyone says Bitcoin
• 26:49
  price is the least interesting aspect of this, but that always
• 26:54
  changes when we start to see a little bit of green in the
• 26:56
  market. So we'll see what happens.
• 26:59
  We'll see what happens. You guys don't get stretched.
• 27:03
  It's true. That's why that's that's why I
• 27:06
  don't buy it. That's why I tell you to just
• 27:08
  buy spot. But hey, people love it.
• 27:12
  It's it's got a huge amount of interest.
• 27:14
  Actually, I'll do a little update before I move on.
• 27:16
  We'll go. We'll see what's going on today
• 27:18
  with the numbers. For.
• 27:20
  Stretch again here is Bitcoin for corporations.
• 27:24
  I really like this site and you can see let's see 120 million on
• 27:31
  the day for Stretch. It's kind of interesting
• 27:35
  considering that Sailor or strategy bought, you know what
• 27:38
  was it 255,000,255 million last week.
• 27:42
  Well, excuse me announced it this morning and already 120
• 27:47
  million into the stretch product for the day.
• 27:51
  Now let's see if Sailor is. Able to attract another billion
• 27:56
  dollars this week in stretch. That's probably the bigger news
• 27:59
  story for me this week. Wondering can Sailor repeat the
• 28:03
  billion dollar week of inflows into stretch for the 4th week in
• 28:07
  a row for the entire month of April?
• 28:11
  Sailor potentially can attract a billion dollars in the stretch.
• 28:15
  Now this trend continues on. I think that that is a lot of
• 28:19
  signal for how much interest there is into not only Bitcoin
• 28:23
  but into the stretch product. So we have a couple of stories.
• 28:27
  Obviously, the big, big kind of thing that we will be watching
• 28:31
  this week is what news comes out of the Bitcoin Conference 2026
• 28:37
  and then I will be watching very closely.
• 28:39
  I'll probably cover it for you guys on Friday since we'll get
• 28:43
  all of the updated numbers. Can Sailor attract another
• 28:47
  billion dollars into stretch by the end of the week to secure a
• 28:52
  four week run, A billion dollars into stretch?
• 28:56
  Or is that demand dying right now or rather maybe waning a
• 29:00
  little bit? Maybe they've attracted all the
• 29:02
  money so far and we'll see what goes on anyways.
• 29:12
  Brand one. Why don't the people buying
• 29:14
  stretch just buy Bitcoin? It it's it's a different market
• 29:17
  man. It's for the fixed income.
• 29:20
  I'm guessing, again, I'm not the biggest stretch enjoyer, I guess
• 29:26
  to just put it lightly, but it's attracting capital from capital
• 29:30
  that can't actually just go straight into Bitcoin.
• 29:33
  That's kind of the point, or rather maybe from people that
• 29:37
  want to get a yield 11 1/2 percent return on their capital.
• 29:43
  Obviously, as we all know, Bitcoin doesn't have a a yield
• 29:47
  return here. It's it's servicing a different
• 29:51
  part of the market. It's servicing a different
• 29:53
  market than just a spot Bitcoin buyers, but.
• 29:58
  It is in itself a Bitcoin buyer. So people that are probably
• 30:04
  interested in Stretch, maybe they're not so interested in
• 30:07
  Bitcoin at all. Maybe all they want is that
• 30:10
  11.5% return. Because in other assets that are
• 30:15
  similar, that are other, you know, fixed income yield assets,
• 30:18
  they only get about 3. What's it?
• 30:20
  I think it was 3 1/2%. So it is attracting capital from
• 30:24
  people that probably aren't interested in Bitcoin.
• 30:28
  That's the big kind of, I think, move that Sailor made here.
• 30:32
  Anyways, going further, what do I got for the rest of the show?
• 30:36
  Oh, yeah. Oh, yeah, guys.
• 30:37
  So we got a new clip from Trump talking about the quote crypto
• 30:42
  markets, an interesting post about the billionaire tax in
• 30:47
  California that Chamoth posted on.
• 30:50
  He did a like a breakdown of it on Twitter and it really reminds
• 30:54
  you of the creation of the Federal Reserve in 1913.
• 30:58
  It's not surprising if you are a bitcoiner if you understand how
• 31:03
  governments work. And then in the culture.
• 31:09
  As the saying says, ask and ye shall receive.
• 31:11
  I got to talk about the bit key. They just announced the latest
• 31:15
  update of their bit key. It's absolutely beautiful.
• 31:20
  And I, I think it's making a couple of statements that I'll
• 31:23
  cover at the at the end of the show.
• 31:25
  So that's today's show. What was it?
• 31:30
  Stage guys, what are you, what are you talking about?
• 31:32
  I don't know. Anyways, I'll be right back.
• 31:35
  Give me a commercial break. Today's episode is brought to
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• 33:48
  All right, guys, we are getting on the break.
• 33:52
  We're getting some sorry, sorry, I I got distracted.
• 34:02
  I get distracted by the chat, but we're we're getting some,
• 34:04
  some, some sound bites already coming out of the Bitcoin
• 34:07
  conference. So I'm, I'm going to look at the
• 34:09
  program real quick because I could have swore Monday is
• 34:13
  usually or first day is usually like industry day.
• 34:19
  But it looks like, you know, I'll pull it up for you guys.
• 34:22
  It looks like we're we're going to be getting some we're going
• 34:27
  to be getting some sound clips, some sound bites, some news
• 34:30
  happening today looks like it's going to be 3 days of
• 34:33
  programming here. So not just yeah, actually
• 34:37
  today. OK, cool.
• 34:39
  So I was what was the opinion that that today was going to be
• 34:45
  industry day, but it looks like we're going to be getting some
• 34:48
  announcements for you guys very quickly.
• 34:51
  So I'm guessing tomorrow I'll I'll cover whatever news comes
• 34:54
  out. The show will probably be
• 34:56
  heavily influenced by what's coming out of the conference.
• 35:01
  So maybe the rest of this week it'll just be Bitcoin conference
• 35:05
  2026 summaries, but here we are. Current Bitcoin price is 76,000.
• 35:10
  Oh, I didn't even. Sorry guys.
• 35:13
  I didn't even show you guys the agenda, but.
• 35:16
  Trust me that I was looking at the website.
• 35:18
  Current Bitcoin price is 76,740 which is a 39.2% discount from
• 35:24
  all time high. The market cap we still holding
• 35:26
  on to 1.54 trillion and the block height is 946,901.
• 35:32
  All right guys. So a little change up.
• 35:35
  We are going to move away a little bit from the conference
• 35:38
  news because we got an interesting sound bite over the
• 35:41
  weekend. Obviously I'm sure you guys
• 35:43
  heard or saw or are making up some kind of speculations about
• 35:50
  what what happened this weekend. But if you were completely
• 35:55
  unplugged this weekend, there was another How do I say this
• 36:00
  for YouTube? There was another attempt at Mr.
• 36:07
  President's life. Is that is I?
• 36:09
  Don't know if that's YouTube friendly.
• 36:10
  Let's hope I don't get kicked off.
• 36:11
  And there was this whole, you know, big event.
• 36:16
  It was probably the biggest news in regards to what happened over
• 36:21
  the weekend. There was a White House
• 36:23
  correspondent dinner. There was I'm I'm having trouble
• 36:30
  saying this so that it doesn't sound too bad on YouTube.
• 36:35
  There was something that happened at the dinner which
• 36:39
  basically shut down the dinner, but that's not what we're going
• 36:42
  to talk about. That's probably the the bigger
• 36:45
  mainstream news story. I'm sure you guys saw it.
• 36:47
  It was probably everywhere. I'm I?
• 36:49
  If you were on Twitter, you probably saw the memes too.
• 36:52
  But. This is that's.
• 36:53
  Not what we're talking about. There is another little Trump
• 36:57
  story that we saw over the weekend and in in particular in
• 37:01
  regards to Bitcoin or crypto and he was being interviewed and he
• 37:07
  said something pretty interesting.
• 37:09
  And I will give you the cynical take and then I also will give
• 37:13
  you probably the more bullish take of this.
• 37:15
  But here's a short, it's very short clip and then I'll I'll
• 37:19
  chat about it a little. Bit I really feel I have an
• 37:21
  obligation from this. As a president, I have to be
• 37:25
  able to make sure that all of our industries do well.
• 37:28
  Cryptos are big industries. OK, short clip.
• 37:33
  Short but sweet. This was posted by Watcher Guru.
• 37:37
  Again, you know, President Trump is making it an obligation to
• 37:43
  ensure the crypto industry goes up.
• 37:45
  And we have heard him say this a couple of times in, in, in
• 37:49
  different respects. The first one that comes to
• 37:53
  mind, Trump has been saying for a while that he's looking at the
• 38:00
  stock market and of course the Bitcoin price as an indicator of
• 38:05
  how he is doing as a president. Now he has the stock market
• 38:11
  angle. It's obviously at all time
• 38:13
  highs. I don't know if you guys checked
• 38:14
  those, you know, S&P 500, the NASDAQ, QQQ.
• 38:19
  Dow Jones, but they're. All but one at all time high.
• 38:25
  The only one that isn't back at all time high is Dow Jones.
• 38:27
  And we all know the famous Dow Jones is almost at 50,000 and it
• 38:31
  completely dumped. And that was a huge scandal.
• 38:34
  And now Pam Bondi's out. And what we are seeing though is
• 38:37
  stock market is basically back at all time high.
• 38:41
  So he's winning on that front. Now, what I think is interesting
• 38:47
  about this very short clip is we know for a fact that Trump is
• 38:53
  looking at the Bitcoin price as an indicator of whether he's
• 38:57
  doing well or not. And again, my cynical view here
• 39:00
  is maybe we don't want him doing that because in the last year or
• 39:07
  so, the price hasn't been doing too hot.
• 39:09
  Man, we have the quote. First Bitcoin president in the
• 39:13
  United States and the Bitcoin price is. 50% off like maybe we
• 39:21
  don't. Want the president focused on
• 39:23
  Bitcoin? But also, you could argue, at
• 39:28
  least most people are arguing, that Trump has been a net
• 39:31
  positive for Bitcoin. We've all tried to minimize the
• 39:36
  damage of his shit coin scams of him embracing Bitcoin, of the
• 39:41
  genius Act Clarity Act. Now, I think you could argue,
• 39:46
  and this is me T reading this is me connecting dots and aren't
• 39:50
  there per SE. But when I hear that clip of
• 39:55
  Trump making an obligation to really focus on the Bitcoin
• 40:01
  industry or the crypto market at large, it really makes me think
• 40:05
  that. There's going to be a a stronger
• 40:11
  emphasis right now and I think pushing through the Clarity Act,
• 40:15
  as we saw about a week ago, Trump very deliberately tweeted
• 40:18
  saying that anyone's trying to stop the Clarity Act, that it's
• 40:22
  trying to be sabotaged, that, you know, that's UN American,
• 40:24
  that that's not what you should be doing.
• 40:27
  So they put their weight behind Bitcoin, behind the Clarity Act,
• 40:30
  and that's. When I saw this clip.
• 40:32
  It made me and that's what that was the first thing I I thought
• 40:34
  about. It made me think that there is
• 40:37
  definitely a push behind the scenes to get the Clarity Act
• 40:40
  through because everyone has this view, at least if they I
• 40:46
  guess are more bullish that the Clarity Act is going to bring a
• 40:50
  lot of capital into Bitcoin. So when I heard that clip,
• 40:52
  that's that was like the first thing that came to my mind.
• 40:57
  It's just interesting that we have the sitting president and
• 41:00
  in the face of all kinds of crazy stuff that he's still out
• 41:03
  here, like crypto industry's huge.
• 41:06
  We're making an obligation. We're going to make sure
• 41:08
  basically, without saying, we're going to make sure it starts
• 41:10
  pumping. So, you know, I'd love to see
• 41:13
  that. On the one hand, that's been my
• 41:15
  thesis this whole time, that the only thing I really cared about
• 41:18
  with institutions coming in was I expected them to pump our
• 41:21
  bags. But if that Jane St. story is
• 41:26
  any indicator of what is happening, they make money
• 41:31
  whether Bitcoin is down or up. And Jane St. it's they're like
• 41:35
  the most profitable quarter I think ever.
• 41:39
  They're they're, they're up there with one of the most
• 41:41
  profitable companies right now. And again, Jane St. we really
• 41:44
  don't know what they're doing, how they made most of that
• 41:46
  money. But all of us bitcoiners for the
• 41:48
  last couple of months have really suspected them for being
• 41:52
  the ones that are suppressing the Bitcoin price.
• 41:54
  And it just so happens that when they were getting sued for price
• 41:57
  suppression, literally the next day, Bitcoin starts pumping.
• 42:01
  So a lot of things are playing out at once.
• 42:04
  But hey, presidents out here still trying to pump Bitcoin.
• 42:08
  Let's see if it'll happen. Obviously we've all been joking
• 42:13
  that we would probably be a lot higher if Kamala was president
• 42:18
  right now if we. Had AUS government that was
• 42:22
  fighting Bitcoin, maybe Bitcoin would be higher because we have
• 42:26
  one that's embracing Bitcoin and.
• 42:30
  We're playing out exactly as it was in the past.
• 42:33
  Now with that in mind, though, I think it's going to be very
• 42:38
  interesting, like I was saying in the beginning of the show of
• 42:40
  what comes out of the Bitcoin conference.
• 42:43
  If we do get some pretty big news announcements, if we, I
• 42:47
  think if we get more than just rhetoric coming out of the
• 42:50
  conference, then that's going to be a good sign of, of where
• 42:54
  we're going. Because I know a lot of people
• 42:57
  are getting angry, like I said a minute ago over some of the
• 43:00
  speakers, what their speeches are called and everyone's kind
• 43:03
  of saying I'm, I'm kind of tired of the hot air coming out of
• 43:07
  their mouth. Like we need some actual action
• 43:10
  here. We need some things done, but we
• 43:13
  are starting to see like this, You know, maybe it's
• 43:15
  coincidental that Trump's saying, yeah, I'm, I'm going to
• 43:18
  basically pump Bitcoin right in front of the Bitcoin conference.
• 43:21
  Obviously the price dumped, but I don't know.
• 43:24
  We'll see. We'll see what comes out of the
• 43:26
  conference this week. And and I, I I.
• 43:28
  Can already hear you guys probably yelling I'm I'm not
• 43:30
  paying attention to the chat right now because you know, I'm
• 43:33
  running the show. But we'll see if anything really
• 43:40
  comes out of it. I really would hope for some
• 43:42
  huge news that come out of this, but it's just hard for me to see
• 43:48
  what what could really be said to really move the needle right
• 43:52
  now. I think it's just going to be a
• 43:54
  timing thing kind of as Andre was saying, we're seeing seller
• 43:57
  exhaustion kind of happening right now.
• 44:00
  There's less Bitcoin to sell. The price is in a pretty healthy
• 44:04
  position. We are seeing a lot of shorting
• 44:06
  happen, but nothing is really a leading, you know, charge for
• 44:16
  the next move up. We're all kind of waiting for
• 44:20
  Bitcoin to get out of this 80K range.
• 44:23
  And once we do that, then we'll see if this breakout is real.
• 44:26
  It really feels like the Wall Street psychology chart right
• 44:29
  now. We're all in kind of disbelief.
• 44:31
  At least I know I'm in. I'm like, this isn't a real
• 44:33
  rally, even though it feels like if I wanted to feel like 1, I'm
• 44:37
  like, Nah, dude, where this is a suckers rally.
• 44:41
  And that's it's a pretty good psychological point for where we
• 44:45
  currently are. I think we're all kind of
• 44:47
  feeling this is a suckers rally, which maybe means it's going to
• 44:53
  defy what what we think is going to happen.
• 44:56
  Anyways, I do want to look, I'm not the biggest fan of Chamath,
• 45:01
  but this tweet breakdown of the billionaire tax in California,
• 45:05
  maybe it's because I'm an ex Californian that it's, it's
• 45:09
  pretty disgusting to say the least.
• 45:11
  But are we surprised? Not at all.
• 45:13
  So that's what I'm going to cover right now.
• 45:14
  I'll be right back. I want to give a shout out to
• 45:17
  our partner, Leaden. Here's something most Bitcoin
• 45:20
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  code simply. Hold on be before I cover this
• 47:06
  Mexico hotter. Do you actually believe this?
• 47:08
  Thanks first of all again, thanks for all the $20 super
• 47:12
  chats bro. But he goes.
• 47:13
  Everyone needs to understand that financial institutions own
• 47:16
  Bitcoin now. It's not for the people anymore.
• 47:18
  They own number go up. Everyone else is the exit
• 47:21
  liquidity the Bitcoin ship has. Sailed.
• 47:23
  Do you actually believe that bro?
• 47:26
  It's no, it's no longer the exit.
• 47:28
  Let me see. Everyone needs energy.
• 47:33
  We I agree with the first part. They do own Bitcoin now, but
• 47:38
  it's not for the people anymore. Come on bro.
• 47:41
  You can't believe that they they do in fact short term own number
• 47:44
  go up. I'll I'll give you that they
• 47:46
  obviously have been able to I think very clearly suppress the
• 47:51
  price with and it's not just like Wall Street.
• 47:55
  I think as we've been seeing some of the numbers are showing
• 47:58
  that most of the shorting is happening right now on Binance.
• 48:01
  Binance basically owns the PERT futures.
• 48:04
  And so maybe that has something to do with the pardon.
• 48:09
  Maybe I don't know I could be spreading conspiracy theories,
• 48:12
  but all of us being the exit liquidity Bitcoin chip has
• 48:17
  sailed. I don't know about that, bro.
• 48:20
  I don't think so. I don't think so, man.
• 48:26
  Not going to make. It, little bro.
• 48:29
  OK, OK. You believe that?
• 48:31
  All right, well. Then what else is there?
• 48:33
  Mexico, Mexico huddle, What else is there?
• 48:38
  I think we're just, we just ride the fun now.
• 48:41
  Just, hey, they're going to pump Bitcoin when it's ready.
• 48:49
  OK, all right. Anyways, anyways, this is
• 48:52
  interesting. So again, Chamath, he is venture
• 48:56
  capitalist, part of the. All in podcast bought Bitcoin
• 49:03
  very early. He has seemingly become not so
• 49:08
  Bitcoin friendly recently, but I think he's still a bitcoiner.
• 49:12
  Here is this breakdown here. So if you are not familiar with
• 49:20
  what's going on in California, it's bad, my Bros.
• 49:24
  It's it's super bad. There's been a quote billionaire
• 49:28
  tax proposal or actually, I don't, I don't think it went
• 49:32
  through yet, but there's been a lot of talk about taxing the
• 49:36
  billionaires in California and we've seen an exodus of people
• 49:38
  leaving California. Obviously, usually they go to
• 49:41
  like Texas or Florida. The more you know red states
• 49:48
  without state income taxes, you know where the money is treated
• 49:52
  better. Anyways, here's Chamath's
• 49:54
  breakdown of this, which is not a surprise when you understand
• 50:00
  the people that do this stuff what they really plan to do.
• 50:05
  But I'll just read the tweet. OK, so Chamath goes the
• 50:08
  billionaire tax is actually in everyone tax.
• 50:10
  The billionaire tax is a new tax proposal written by 4 professors
• 50:13
  who don't believe in the American dream.
• 50:15
  Some of them aren't even American.
• 50:16
  Go figure. Despite it's name, it applies to
• 50:18
  every California resident who currently has assets or ever
• 50:22
  will. The creators named it the
• 50:23
  billionaire tax so you would get into a froth and wouldn't look
• 50:26
  closely at what it actually does to you.
• 50:28
  On page 26 it explains how the government can convert to an
• 50:32
  everyone tax without bolder approval.
• 50:34
  They can also adjust the tax to be a yearly tax and not just a
• 50:37
  one time, again without your approval.
• 50:40
  Here's how the tax would work. As a voter, you're being asked
• 50:43
  to approve a tax that would require you to one list all your
• 50:46
  assets and the value of each, then submit them to the
• 50:48
  California Franchise Tax board 2 authorize the tax board to
• 50:52
  appraise your assets and confirm the.
• 50:53
  Value of each three pay a penalty of up to 40.
• 50:56
  Percent of your tax bill if the board determines your reported
• 50:59
  value is too low in their opinion 4 Allow the tax board to
• 51:03
  subpoena your financial records from every one of your financial
• 51:05
  institution for auditing this Everyone Tax runs 34 pages of
• 51:09
  shifty language describing how the government plans to take
• 51:12
  your assets. Read the fine print and decide
• 51:15
  for yourself. If this were truly a billionaire
• 51:18
  tax, it would be 3 pages. It's 34 pages so that it can
• 51:22
  create the mechanisms to steal from all of you.
• 51:27
  You know, am I surprised at this?
• 51:29
  Not at all. You know, it not at all.
• 51:34
  Maybe it's because I am a Californian that has fled.
• 51:37
  I, I didn't do it intentionally. I just, you know, I went and had
• 51:42
  some fun in Dallas with some friends and now I work down in
• 51:45
  in Florida. But I saw a lot of people
• 51:49
  talking about this, where you see this happen a lot where you,
• 51:54
  the powers that be, however you want to say it.
• 51:57
  I mean, this is like a very clear, you know, collectivist
• 52:00
  tax. And you can see that something
• 52:04
  similar has been done in New York.
• 52:06
  Mandami proposed something very similar, I think it was like
• 52:10
  last week. But it's it's.
• 52:13
  Viewed in this idea of let's tax the billionaires, you know, the
• 52:17
  billionaires need to pay their fair share.
• 52:19
  When in reality, it's like the rich people do pay most of the
• 52:23
  taxes. But that's that's not what I
• 52:25
  want to talk about here. It's the framing that we're
• 52:28
  seeing that Chamath is putting out there that it starts off
• 52:32
  with this idea of, hey, we're going to tax the billionaires.
• 52:35
  But if you read the fine print, it will very easily.
• 52:39
  And maybe this is where you say slippery slope.
• 52:42
  It will end up taxing everyone. And we saw something similar
• 52:47
  happen with the creation of the Federal Reserve.
• 52:50
  Or actually, we've seen this happen with almost every
• 52:53
  government proposal ever, you know?
• 52:57
  What's the saying? There's nothing more permanent
• 53:01
  than a temporary government action and we're seeing this
• 53:06
  play out, which really I think sheds a light on the prevailing
• 53:11
  sentiment right now amongst a lot of the youth.
• 53:16
  We are seeing. There is a Fiat crisis playing
• 53:20
  out. There is a financial crisis
• 53:22
  playing out for the majority of people.
• 53:24
  Most people can barely get by, rents getting more expensive.
• 53:29
  You know, taxes are at levels that would make the founding
• 53:34
  fathers in the US vomit and, you know, turn around in their
• 53:39
  graves. And yet most.
• 53:42
  People. Obviously most people aren't
• 53:44
  economically literate. They don't really understand
• 53:49
  that socialism's failed everywhere.
• 53:51
  It's, it's been tried, it's, it's not a successful way to
• 53:54
  manage capital, but it's a feel good story.
• 53:57
  It makes people feel good that yeah, we need to tax the
• 54:00
  billionaires like they've, they're the oppressors.
• 54:02
  And I, I don't even, I can't even straw man their views here.
• 54:05
  But you know, they've, they've, they've oppressed the workers
• 54:09
  and they got rich off the backs of the slave labor of the masses
• 54:14
  or whatever. Whereas from my perspective,
• 54:16
  yes, there is some, I would say maybe inherent inequalities, to
• 54:25
  put it nicely. But I, I usually view that the,
• 54:28
  the richest people in society are the ones that are the most
• 54:30
  productive. They're the ones that offer
• 54:32
  society the products that you use every single day.
• 54:35
  And especially if you think about California's Silicon
• 54:38
  Valley in particular, they're using all the products that we
• 54:41
  know and love and that we are indispensable with, with our
• 54:46
  everyday lives. And the very people that are
• 54:49
  using these devices are saying we need to tax them more because
• 54:53
  they aren't paying their fair share.
• 54:56
  And then the government uses this as an excuse to propose
• 55:00
  things that is going to literally hurt you.
• 55:05
  It's it reminds me of what we saw in New York.
• 55:08
  I forget the exact thing, but like mom, Donnie was running on
• 55:13
  this idea of we're going to make, you know, rent and housing
• 55:17
  cheaper. And it turns out within a, you
• 55:21
  know, couple of very short weeks that people were complaining
• 55:23
  about the rent actually increasing.
• 55:27
  Guys, it really is amazing just how much farther ahead you are
• 55:34
  with just a semblance of economic literacy.
• 55:40
  I was naive and young and idealistic as well my 18 year
• 55:45
  old. Version of me.
• 55:48
  And and then I might have fallen for a lot of the few.
• 55:51
  Actually, I literally did. I, I voted for Obama.
• 55:53
  I voted once and I got scammed and I've never voted again.
• 55:57
  And I did fall for the idealism. And then, you know, life happens
• 56:02
  and you realize not this isn't going to fix it.
• 56:04
  What's? That one quote, if you're, if
• 56:08
  you're young and you're not a Democrat, you don't have a
• 56:12
  heart. And if you're old and you're not
• 56:15
  conservative, you don't have a brain or whatever it is.
• 56:18
  You guys know I'm not, I'm not good with remembering figures of
• 56:23
  speech here, but I, I literally lived through that when I was
• 56:27
  young. I might have fallen for this.
• 56:29
  Now I realize, obviously maybe it's because I'm older, a little
• 56:33
  wiser, that this usually ends with more oppression from the
• 56:38
  government, that it doesn't just stop with the intended group.
• 56:42
  It's going to get spread out to every single person.
• 56:45
  And this is really, really sad to me personally, because I, I
• 56:51
  always had this idea of, you know, I'm going to be in
• 56:56
  California forever. It's, it's like the last Mohican
• 56:59
  in California. I can't let the collectivist
• 57:01
  win. And then I had some friends that
• 57:04
  basically were like, yo, just move out to move out to Texas,
• 57:07
  man. You'll have a lot of fun.
• 57:08
  I'm like bet, let's go like I'm. Out of here, who cares?
• 57:11
  And now I'm in South Florida, literally the farthest away from
• 57:16
  home that I can be. And it, it is extremely sad to
• 57:21
  see that California just keeps, keeps going lower and lower and
• 57:26
  lower and they just keep digging themselves deeper and deeper
• 57:29
  into that economic grave. And there is no light at the end
• 57:34
  of the tunnel. It's just going to get worse.
• 57:37
  And it's unfortunate 'cause I, I, you know, I grew up there.
• 57:42
  I love that state. Well, parts of it.
• 57:47
  Parts of it. And here we are.
• 57:50
  It's just history. Repeating itself.
• 57:52
  We've seen this happen forever. It always plays out the same
• 57:56
  exact way. So you know, shouts out the
• 57:58
  Chamath. Even though I'm not the biggest
• 58:00
  fan of Chamath, you know, he's not the biggest fan of Bitcoin.
• 58:06
  I would say smart dude. But I I give credit where
• 58:11
  credit's due and him highlighting this, obviously, if
• 58:17
  you're a person that is looking at Chamath, you're like, yeah,
• 58:20
  of course a billionaire doesn't want a billionaire tax.
• 58:25
  But I think a lot of people are missing the point that this
• 58:29
  isn't just going to end up that they're taxing the billionaires.
• 58:32
  It's literally an excuse for the California government to come
• 58:35
  after every single person's assets, if you even have assets.
• 58:40
  The majority of young people probably don't even have assets.
• 58:44
  They're just like, whatever, you know, debt servitude forever way
• 58:48
  G for life. I will own nothing and be happy.
• 58:52
  It is what it is. At this point let's just tax the
• 58:56
  people we don't like because at least it'll make me feel good.
• 59:05
  Dude, I. Bro, I can't speak Spanish.
• 59:08
  Dude, my Spanish is horrible. Dude, do you hear this valley
• 59:14
  girl accent? I I can barely speak one
• 59:17
  language, man. Oh, man.
• 59:22
  OK. All right.
• 59:23
  Anyways, I, I just thought that was pretty crazy.
• 59:30
  It, it's, it is, it's insane that people think this is a
• 59:34
  viable way to fix society. Is just, you know, let's just
• 59:39
  tax more. Let's just make the government
• 59:43
  even bigger. Let's just give the government
• 59:47
  more money. Actually, it reminds me of is JJ
• 59:50
  in the chat? JJ in the chat today on Rumble.
• 59:55
  No, I'm not really seeing it. So, you know, I, I don't like to
• 59:59
  talk smack of people when they're not here.
• 1:00:01
  But our boy JJ on Rumble, a cash maxi and I, I'm reminded of what
• 1:00:08
  he usually says. He usually says like money
• 1:00:11
  printing isn't the problem. We just need the right people
• 1:00:14
  printing money and you're just like, yo, like sounds like the
• 1:00:19
  same thing going on here. Taxing isn't the problem.
• 1:00:25
  We just need to tax the right people.
• 1:00:28
  We just need to get more money from the rich people, and then
• 1:00:31
  we'll be able to solve all the world's problems.
• 1:00:35
  Nah, fam. Even better if I don't think
• 1:00:39
  that Oh you're funny bro all. Right.
• 1:00:43
  All right, guys, I'm, I'm gonna keep it moving.
• 1:00:46
  It's, it's Monday. I'm here alone, got to wait
• 1:00:54
  until tomorrow to really get some good updates, but I'm
• 1:00:58
  feeling good, man. I, I, I really feel that we're
• 1:01:02
  in a good place in Bitcoin right now.
• 1:01:05
  It's like it's been kind of quiet in terms of price, but it
• 1:01:09
  really feels like the foundation is being built for the very, for
• 1:01:12
  the next leg up. And from some of the stuff I've
• 1:01:15
  been seeing, it's like, man, the next leg up.
• 1:01:18
  I know everyone believes in the diminishing returns meme, but
• 1:01:20
  the next leg up, I think it feels like it's going to be a
• 1:01:24
  bigger move than we've seen in the last two cycles.
• 1:01:27
  But again, I'm, I'm a bull, I'm, I'm stupidly bullish all the
• 1:01:31
  time. So I could be wrong again, I
• 1:01:34
  acknowledge I was wrong last year, but I don't know.
• 1:01:37
  I, I, I don't know. Let me let me know in the chat.
• 1:01:40
  Do you guys feel like the next leg up, this next bull market is
• 1:01:44
  going to be bigger than the last ones?
• 1:01:46
  The last two in particular, the what 2021 and the 2020 five, I
• 1:01:53
  guess from, you know, tops. I think I, I really do feel like
• 1:01:59
  this next one's going to be bigger, but everyone believes in
• 1:02:01
  diminishing returns, but I think gold really fundamentally kind
• 1:02:05
  of broke that idea. A bigger number means it's
• 1:02:07
  harder for a bigger number. We just need a lot of capital
• 1:02:11
  flowing in. But anyways, I'll, I'll read the
• 1:02:13
  chat real quick. Last commercial break and we
• 1:02:17
  will wrap up this Monday show. I want to give a shout out to
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  Right. Hold on.
• 1:04:01
  Opti was left home alone. But like Kevin, Yeah, I was.
• 1:04:07
  No, I'm, I'm OK with it. I'm I'm OK with having to hold
• 1:04:11
  down the show. Personally I didn't really want
• 1:04:14
  to travel, love conferences but I really don't like getting on
• 1:04:21
  planes now. Dude maybe maybe it's because
• 1:04:23
  it's you you get on a plane and it's to work a long weekend or
• 1:04:29
  longer work days. I'm like it just it's also
• 1:04:34
  tiresome. It's awesome tiresome.
• 1:04:37
  But some of you guys in the chat agree with me.
• 1:04:39
  I'm with Opti, big move this time.
• 1:04:41
  I really, I really hope Familia, we did not have a real bull
• 1:04:45
  market during 2025. Senor Gringo, I just hope it
• 1:04:49
  goes over 150 K at least. Yeah, me too bro.
• 1:04:54
  Let's see. Ken, I'm loving these dibs
• 1:04:56
  because I didn't expect cheap stats will be around for much
• 1:04:58
  longer. Yeah, I totally, totally agree.
• 1:05:01
  Ian, doubling down, we are hitting the vertical bit of the
• 1:05:04
  S curve. I would love for that to be the
• 1:05:07
  case. I would love, don't we?
• 1:05:10
  Prefer solo optive? Like.
• 1:05:14
  I appreciate it, I, I do, but personally I, I love when it's
• 1:05:22
  me and Nico on the show. I, I think, I think when we are
• 1:05:27
  covering like topics, I think it's more dynamic when we either
• 1:05:34
  don't fully agree or we do agree because we can kind of parse out
• 1:05:39
  the information a little more. It, it, it gives us a, you know,
• 1:05:43
  slightly different perspective on things.
• 1:05:45
  Hold on. Wow, sorry.
• 1:05:50
  So I, I think the show's more dynamic when there's more than
• 1:05:53
  one person on the show. Obviously I can handle the show
• 1:05:56
  by myself. As you guys know, I, I really, I
• 1:06:00
  really messed up by doing the show by myself that one day, you
• 1:06:03
  know, a few months back because I, I proved to Nico that I can
• 1:06:05
  handle the show alone and. Now he's like, all right dude,
• 1:06:08
  have fun, do the show, but. I, I think the show, I think
• 1:06:13
  what you guys loved about the show is that there there is
• 1:06:16
  more, a more dynamic messaging on the show when it's Nico and
• 1:06:21
  I, you know, Nico has a certain perspective.
• 1:06:23
  I have a certain perspective. Obviously that really diverted
• 1:06:26
  and and you guys crashed out on Nico when he was getting bearish
• 1:06:31
  in October, but even then I the show wouldn't have been good if
• 1:06:38
  I was being completely bullish and.
• 1:06:40
  The price dumped, you know, we needed Nika to throw a little.
• 1:06:43
  Cold water on us, man. So you guys are funny, man.
• 1:06:52
  You guys are funny. You know I can't OK, I I can
• 1:07:02
  handle the show, but I like I like when we argue.
• 1:07:06
  I like when you know, I'll say something and then Nico will add
• 1:07:11
  a slightly different take a little more depth to what I'm
• 1:07:13
  saying or vice versa. You know, Nico likes the Nico
• 1:07:16
  likes to rant and then I just pepper in some some good
• 1:07:19
  commentary in there. But I I will be doing the show
• 1:07:22
  all week alone. OK, so I think so I'd have to
• 1:07:25
  look at my schedule. I might have some guests this
• 1:07:27
  week, but for the most part, you're going to get some solo
• 1:07:30
  Opti shows all week. So if you like it, come back.
• 1:07:33
  All right. Anyways, that's not what the
• 1:07:36
  whole culture is about. Yeah, that's not that's not what
• 1:07:45
  the culture is. I do want to talk about this and
• 1:07:49
  you guys could say you know, this is a show, this is a plug
• 1:07:53
  cause Bit Key is one of our sponsors as you know, Bit Key,
• 1:07:59
  love it, love it, love it. But they just dropped, so this
• 1:08:02
  probably. Is the biggest news announcement
• 1:08:04
  so far that we heard from the Bitcoin conference?
• 1:08:08
  Is that bit key made a new version of the bit key?
• 1:08:12
  Same, same, basically same bit key, but they added a screen on
• 1:08:17
  the back of it guys, which is huge.
• 1:08:21
  Everyone was basically saying, look, the big key's super cool,
• 1:08:25
  but one of the things that we didn't like is that I can't
• 1:08:27
  verify that I'm sending my Bitcoin to the addresses that I
• 1:08:32
  think I am that as like I don't like it because there's no
• 1:08:36
  screen on it. Now, obviously some people don't
• 1:08:40
  like it because of the you know, as it says, no seed phrase.
• 1:08:45
  The multi sig by design was really kind of one of those
• 1:08:47
  features that everyone thought was really cool.
• 1:08:51
  But now they added a screen on it.
• 1:08:53
  So let's see look at this guys wait, does it show it was it the
• 1:09:00
  other one that I saw? Oh here, you can see it right
• 1:09:03
  there. Check it out, guys.
• 1:09:08
  Same Bit Key, but now a screen on the back.
• 1:09:11
  Now obviously I'm not just talking about this because
• 1:09:14
  they're one of our sponsors. I think what is super cool about
• 1:09:18
  what we're seeing from Bit Key or rather all of Jack Dorsey's
• 1:09:20
  companies right now is that they are listening to the customer.
• 1:09:26
  They are, you know, dropping a product, they're iterating on
• 1:09:30
  it, they're getting feedback from the customer, and then they
• 1:09:34
  drop another product that's probably going to make everyone
• 1:09:37
  even happier. So here we go.
• 1:09:38
  Meet the new bit key as you. Oh, here's the picture.
• 1:09:40
  You know, they got a screen on it introducing a bit key, a new
• 1:09:46
  bit key. Let's see.
• 1:09:49
  It keeps everything that's defined bit key from the start.
• 1:09:51
  Two of three multi sig by default, no seed phrase
• 1:09:53
  biometric access, secure hardware that never exploits
• 1:09:56
  it's key. Recovery pass for phone loss,
• 1:09:58
  hardware loss and total loss. Built in inheritance and an
• 1:10:01
  emergency exit kit that lets you leave with your funds no matter
• 1:10:04
  what happens to us. Huge.
• 1:10:07
  That was another big update. I didn't even notice that.
• 1:10:09
  And of course the screen Bit key screen goes beyond what you'd
• 1:10:12
  expect from a typical hardware wallet.
• 1:10:14
  Most hardware devices use the screen to validate transaction.
• 1:10:17
  Bitcoin use it or Bit Key uses it for so much more.
• 1:10:20
  Your wallet isn't just transactions, it's also a set of
• 1:10:23
  settings that defines what happens when thing goes wrong.
• 1:10:25
  Who gets notified if someone tries to recover the wallet,
• 1:10:28
  where those notifications go to who can help you recover if you
• 1:10:30
  lose everything, how much you can spend without the hardware
• 1:10:34
  and who inheritance inherits your funds.
• 1:10:37
  Every one of those settings, it's security critical decision
• 1:10:39
  bit bit key hardware verifies them all.
• 1:10:42
  Dude, I'm it's not not just cause bit key sponsored me, but
• 1:10:49
  Jack Dorsey is absolutely killing it in regards to all of
• 1:10:54
  his companies creating Bitcoin products because as we've been
• 1:10:56
  talking about bit. Bitcoin is still so early.
• 1:11:05
  And how do we know it's early? It's because it's still
• 1:11:07
  extremely difficult to do very basic things.
• 1:11:09
  Now, it might not be difficult for us because we've been around
• 1:11:12
  in Bitcoin, we're so used to it. But for the average person,
• 1:11:15
  doing things as simple as just taking Bitcoin into self
• 1:11:18
  custody, it is hard for them. And you know, this one was cool,
• 1:11:25
  but now there's a screen on the back of it.
• 1:11:28
  So we're going to have to get a, we'll have to get the updated
• 1:11:31
  one and, and, and play with it for you guys.
• 1:11:34
  We didn't get any first access to this.
• 1:11:36
  OK, I'm, I'm going to, I'm going to get 1 and I, I will, I will
• 1:11:41
  talk about it for you. But I did see this tweet by
• 1:11:47
  Thomas Templeton, who's work, who worked on this and he goes,
• 1:11:51
  Bitcoin works when it moves. That only works if we build the
• 1:11:53
  systems underneath today. New bit key hardware wallet
• 1:11:57
  Bitcoin 5% back in Bitcoin peer-to-peer payments on cash
• 1:12:00
  app NFC tap to pay in Bitcoin toggle coming to Square proof of
• 1:12:03
  reserves across the ecosystem. We're building the
• 1:12:06
  infrastructure so customers can actually use it.
• 1:12:11
  You got to love that. Is that not a perfect summary of
• 1:12:15
  what the culture is here for bitcoiners?
• 1:12:18
  Jack Dorsey's doing that with Block.
• 1:12:23
  He's making it as easy as possible with the same security
• 1:12:27
  features that we love for the average everyday person to get
• 1:12:31
  into Bitcoin. Hence why I keep saying that we
• 1:12:34
  are seeing a lot of the building blocks for this next cycle of
• 1:12:41
  adoption. We've been covering a rather
• 1:12:43
  maybe speculating on this show whether we have left the early
• 1:12:47
  adopters phase and entering into the early majority phase.
• 1:12:53
  And as much as we may not like it, part of that early majority
• 1:12:57
  phase does come with the institutions.
• 1:13:00
  But on the flip side, with what we're seeing from a lot of the
• 1:13:02
  Bitcoin companies is, for lack of better terms, a lot of the
• 1:13:09
  Bitcoin quote cult mentality. I'm not saying it's going by the
• 1:13:13
  wayside, but we are. We are seeing that a lot of the
• 1:13:16
  very hardcore Bitcoiners are building the product.
• 1:13:18
  So it's easier for the next 1,000,010 million, 100 million
• 1:13:22
  billion people to get on Bitcoin.
• 1:13:24
  Now, does that mean that we have the final Bitcoin products that
• 1:13:28
  people are going to be using 100 years from now?
• 1:13:31
  Probably not. But we are starting to get to a
• 1:13:34
  point where the products are getting updated and they are a
• 1:13:39
  lot easier for everyone to use. It was actually funny.
• 1:13:43
  I think I brought it up on the show a little while ago.
• 1:13:45
  I had one of my good friends reach out to me and this was
• 1:13:48
  probably end of last year ish. And he knows I do this show.
• 1:13:53
  He's been in Bitcoin for a long time.
• 1:13:55
  But he kind of tuned out for a little bit and he hit me up and
• 1:14:01
  was wondering, OK, like, can you just refresh me on taking my
• 1:14:07
  Bitcoin into self custody? And I'm like, yeah.
• 1:14:08
  And you know, I did the whole thing and he's like, yeah, yeah,
• 1:14:10
  I know. And he's like, is there any new
• 1:14:11
  Bitcoin products? And he's like, I swear, in the
• 1:14:14
  five years that I've been a Bitcoin, there hasn't really
• 1:14:17
  been any, any new products. And I was like, well, the big
• 1:14:20
  key. And he's, you know, did a little
• 1:14:23
  research. He's like, oh, that's like,
• 1:14:24
  really cool. It's super easy.
• 1:14:27
  It's convenient. It's like, it really feels like
• 1:14:29
  there hasn't been any new Bitcoin products.
• 1:14:31
  And now we're getting to the point where I'm just like, hey,
• 1:14:35
  dude, just buy a bit key. Super easy.
• 1:14:38
  You don't have to deal with all the all the headaches that
• 1:14:40
  you're kind of familiar with. And now they just made it even
• 1:14:44
  easier. Biggest announcement so far is
• 1:14:48
  the bit key with the screen coming out of the Bitcoin.
• 1:14:52
  Sorry guys, Bitcoin conference. Yes.
• 1:14:57
  Also refreshing to see them add proof of reserves.
• 1:15:07
  Familiar, buddy, because basically this is how you talk
• 1:15:10
  about I'm simply. Yeah, I got it, you guys.
• 1:15:15
  Look, you guys give my boy a lot of shit, and actually I give him
• 1:15:19
  shit too. But that's just because we're
• 1:15:20
  friends and that's how I show my friendship and love.
• 1:15:23
  But. The.
• 1:15:25
  Chat you guys are vicious you guys are vicious we wouldn't be
• 1:15:28
  here without Nico all. Right.
• 1:15:30
  We, we. When Nico's away, we're.
• 1:15:32
  Going to be nice. We're going to be nice, OK, we
• 1:15:37
  are going to be nice. Anyways guys, that's the Monday
• 1:15:40
  show again. I am going to be solo this week.
• 1:15:48
  Actually, one more thing. One more thing that I almost
• 1:15:50
  forgot. This week might be a little
• 1:15:53
  weird. Tomorrow I, I don't know if I'm
• 1:15:58
  going to be in the studio. They're they're actually like
• 1:16:03
  repairing the roof. So, you know, bear with me this
• 1:16:08
  week. Tomorrow I think I'm going to be
• 1:16:12
  like, I'm hoping that I'm going to be able to stream from the
• 1:16:14
  studio all week long. But again, they are going to be
• 1:16:18
  repairing the roof. Right now there is some like
• 1:16:21
  water damage. It's like leaking when it's
• 1:16:24
  raining and it's about to be raining season.
• 1:16:26
  So hopefully tomorrow I am. Able to stream from the studio,
• 1:16:30
  but there might be a lot of noise here, so if it happens
• 1:16:35
  that I'm not able to stream from the studio then I might.
• 1:16:38
  Just have to stream from my apartment and it's not going to
• 1:16:40
  be, you know, the pretty studio. It it, it'll be a bare bones set
• 1:16:45
  up because I have to probably last minute get the stream set
• 1:16:50
  up. So this week might be a little
• 1:16:52
  strange. Hopefully you guys don't notice
• 1:16:56
  anything. Hopefully I'm able to just
• 1:16:57
  stream from the studio all week long.
• 1:16:59
  It is going to just be me. I will be holding down the show.
• 1:17:02
  I think Niko might get back Thursday.
• 1:17:04
  I doubt he's going to come on the show Thursday.
• 1:17:06
  So maybe the Friday show he'll be back.
• 1:17:09
  So I'm going to hold it down. But this week might be a little
• 1:17:14
  strange. It might go to a bare bones set
• 1:17:16
  up. The background won't be that
• 1:17:18
  sexy. I'll still have a camera, I'll
• 1:17:20
  still have a mic, but I don't know, just bear with me.
• 1:17:23
  This week could be a little strange because they are
• 1:17:27
  repairing the roof here. So I don't I don't know.
• 1:17:31
  I don't know. All I'm saying it's it's up in
• 1:17:34
  the air right now, but we will be doing a show all week long.
• 1:17:38
  It just might be a little different.
• 1:17:39
  OK anyways guys. It will be streamed from A.
• 1:17:42
  Bastard closet dude, basically. It'll it'll be a.
• 1:17:46
  It'll it'll be a. Throwback stream I I don't think
• 1:17:49
  I'm going to do the whole green screen it'll we'll figure it
• 1:17:52
  out. OK, I I just want to pre warn
• 1:17:54
  you guys, this week might be a little strange, but you'll get a
• 1:18:00
  show nonetheless. Anyways guys, I appreciate you
• 1:18:02
  guys. I'll see you tomorrow.
• 1:18:03
  Have a good rest of your day, you know, stack some sats, eat
• 1:18:07
  some good food, call your loved ones, get outside, get a walk,
• 1:18:11
  get some sun on ya, all that good stuff.
• 1:18:15
  We're going to get a glimpse at the hobby cave.
• 1:18:19
  You're going to you're going to see a a blank white wall.
• 1:18:21
  OK, That's basically all you're going to get.
• 1:18:23
  All right. Anyways, peace out guys, have a
• 1:18:27
  good rest of your day. I'll catch you tomorrow.
• 1:18:30
  Today's episode was brought to you by bitcoinwell.com, a
• 1:18:33
  Bitcoin only platform on a mission to enable financial
• 1:18:36
  independence.