Latest / Simply Bitcoin / BlackRock JUST Quietly Bought 5% of MicroStrategy | EP 1178

Transcript

BlackRock JUST Quietly Bought 5% of MicroStrategy | EP 1178 · Simply Bitcoin

• 0:00
  BlackRock just quietly increase their ownership of MSTR shares
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  and now they own 5% of the company.
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  The timing of this is very suspicious considering that
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  MicroStrategy just changed their name to Strategy with the
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  Bitcoin only logo yesterday. We only found out that we only
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  found this out because BlackRock was forced to file a scheduling
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  13G filing, which is something you must disclose if you're
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  accumulating over 5% of a public company.
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  Is Blackrock's quiet increase of MSTR shares a signal that
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  BlackRock knows something about Bitcoin adoption and the
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  strategic Bitcoin reserves that we don't know?
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  Is this more proof that Larry Fink is even more bullish on
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  Bitcoin than you could imagine? I don't know.
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  We shall see. Before we start that
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  conversation, I'm gonna bring up my legendary Co host who is
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  always optimistic optimist Fields and of course our very
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  special guest for today. We got James of the James City
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  Bitcoin. James City of the Jersey City
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  Bitcoin. Wow.
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  It's really Friday here. Huh.
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  It's really Friday. It's really Friday.
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  I'm back in the OG studio. Anyways, guys, let's jump
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  straight into the article. BlackRock increases ownership of
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  strategy to 5%. I mean, I'm still not.
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  I'm still not used to the to the name change.
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  It took me a while to get used to the Twitter and X name
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  change. It's going to take me a while to
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  get used to this one. It's just strategy.
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  Like it makes sense. Should we change our name to
• 1:39
  just simply let us know in the chat?
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  Put a one put a point A1 in the chat if you think our name
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  should just be Simply put A2 in the chat if you if you think our
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  name should remain simply Bitcoin anyways, it goes on to
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  say strategies STRK is up 5% in pre market trading, building on
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  its 2% gain during its NASDAQ debut.
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  It goes on to say what to know. Blackrock's ownership of
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  strategy has increased to 5% according to the latest 13G
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  filing. Strategies perpetual preferred
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  stock is up 5% in pre market trading.
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  It goes on to say in a recent In a recent Schedule 13 G filing,
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  BlackRock disclosed that it now owns 5% of strategy.
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  The This marks a .91% increase from its free from its previous
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  4.09% ownership as of September 30th, 2024.
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  Here is all of the Microstrategy's largest
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  shareholders. Of course, at the top of the
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  list you have Capital International investors.
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  They own about 7.5% of the company.
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  You have Vanguard. So much as Vanguard didn't want
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  to offer a Bitcoin ETF, they own 7.5% of the company.
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  Morgan Stanley, they own 4.1, four, .14% of the company, and
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  now BlackRock. Now clearly this hasn't been
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  updated yet, but BlackRock and has now become the third largest
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  holder of not micro strategy of strategy.
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  So obviously I think that it's extremely bullish.
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  And here is Michael Saylor's official announced strategy
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  announces Q4 Q 2024 financial results and launches new website
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  strategy.com. Join us for our earnings call
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  today at 5:00 PM EST to hear more about our new brand
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  financial results outlook for our Bitcoin treasury company.
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  It seems Michael Saylor did one of the most successful pivots in
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  history, essentially 5X their stock this year.
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  When they adopted the Bitcoin strategy back in 2020, the
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  stock, I mean the market, the total market capital of the
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  company was roughly $1 billion. Now it's $100 billion.
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  He 100X MicroStrategy, which is now strategy and what four years
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  I mean, and he's cornered essentially the institutional
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  Bitcoin adoption market. The company owns, I think 400,
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  four, 100,000 plus Bitcoin. I don't think anyone's going to
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  have a shot at catching him up, to be perfectly frank and honest
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  with you guys. So yeah, I mean, this is
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  absolutely massive. This is absolutely huge.
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  And what a better what? Not what what a better stamp of
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  a what? What could be a better stamp of
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  approval than BlackRock basically saying, you know what,
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  we're going to increase our ownership of MicroStrategy after
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  all the gains, we're going to increase it by 1%.
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  I mean, and another thing too, Opti, I don't know if you
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  noticed Morgan Stanley and Vanguard.
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  Vanguard isn't exactly the, you know, they aren't the the
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  bestest of friends towards Bitcoin.
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  They they were talking a lot of a lot of crap saying they
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  wouldn't launch a Bitcoin ETF. They own a lot of BlackRock and
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  sorry, they own a lot of micro strategy or strategy better
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  said. And also too Morgan Stanley
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  isn't that I believe Morgan Stanley is owned by Chase, is it
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  not? Let me see Morgan Stanley Chase.
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  It is. It is owned by Chase.
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  And you know who is the CEO of Chase?
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  Jamie Dimon, right? So don't pay attention to what
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  they what they say. Pay attention to what they do.
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  These massive legacy financial institutions have a tremendous
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  amount of exposure to Bitcoin and seems like BlackRock can't
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  get enough of the Chad Sailors company.
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  Anyways, Opti, what's your take on all this bro?
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  Well, I think it's very interesting.
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  First of all, obviously the rebrand now that they're just
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  strategy with the Bitcoin logo, they change their colors to
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  orange. They're they're really diving
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  into basically just being a Bitcoin accumulation company.
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  And obviously that is sending signals to the market.
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  I mean, anyone that's been following Saylor or Bitcoin
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  Twitter understands just how bullish Michael Saylor is on, on
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  Bitcoin and all of the Bitcoin securities that he's doing.
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  And obviously the market is seemingly liking what Sailor is
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  doing with all of these convertible bonds, this new
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  strike product. So it looks like Sailor is just
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  absolutely continuing to put on a master class out there.
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  Now the interesting part is I know a lot of people, especially
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  the more cynical Bitcoiners are wondering what is Larry thinks
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  end game here? Like what is the the, the goal
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  that Larry Fink is doing? I know some people are kind of
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  saying that Larry Fink is trying to accumulate as much Bitcoin as
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  possible, as much exposure into Bitcoin companies to essentially
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  Co opt the net work, etcetera. But when really when you kind of
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  look at it and and you're not going that deep on it, I think
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  he's just seeing the best performing stock in the market.
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  And like, I want more of that. I want some more gains.
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  And I think this is just for the proof that Bitcoin and I and I
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  hate kind of using Larry Fink as like our sounding board here as
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  you know, the de facto legitimizer of Bitcoin, because
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  I don't think the suits necessarily legitimize Bitcoin.
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  I think the Bitcoin fundamentals are what makes Bitcoin do what
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  Bitcoin does. But I think this is kind of
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  showing people outside of the Bitcoin space because I think a
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  lot of us Bitcoiners forget that we're not the whole world here.
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  You know, like Bitcoin is huge to us.
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  It's super important in our lives.
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  I mean, me and James were just kind of talking about this
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  before the show, that ever since we became Bitcoiners,
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  everything's falling by the wayside and all we can think
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  about is Bitcoin. But in the grand scheme of
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  things, Bitcoin is still like a very small part of the global
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  economy or even, you know, stocks, etcetera, or the global
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  liquidity. And so I think what's very
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  interesting here is kind of the questions that you posed in the
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  beginning, like how bullish is Larry Fink on Bitcoin, on
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  MicroStrategy? Is this just a pure number go up
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  play, you know, what is going on here?
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  And if, of course, if he's adding or rather, yeah, adding
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  more shares to his MicroStrategy position, it really kind of goes
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  to show what is going on down the line or behind the scenes.
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  You know, are we going to get a Bitcoin strategic reserve soon?
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  You know, is, is MicroStrategy the de facto Bitcoin reserve
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  already? Will MicroStrategy or Bitcoin be
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  added to this proposed sovereign wealth fund?
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  Like, I think these are the questions we need to be asking
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  ourselves when Larry Fink dives super head first into the
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  Bitcoin market. And obviously, you know, I think
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  we can still be skeptical of Larry Fink's incentives, but as
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  we say on the show all the time, the incentives around Bitcoin
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  align and and you are incentivized to want to see
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  Bitcoin succeed. And so I know there was a lot of
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  noise made around the idea of that fine print in the BlackRock
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  proposal of the ETF that, hey, you know, we we can reserve the
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  right to choose the, you know, the more more valuable chain and
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  we might not pick it correctly. I think that now it's kind of
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  becoming more of like a fiduciary responsibility.
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  That doesn't necessarily mean that BlackRock wanted the fork
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  Bitcoin. Now, obviously I'm not against
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  that idea, Larry. I think it's still a real
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  possibility here. But the interesting questions
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  are, well, hey, if Larry Fink is getting more bullish on Bitcoin
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  adjacent companies, the BlackRock ETF is absolutely
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  killing it. I don't know.
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  I'm starting to see the financialization of Bitcoin
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  happen in real time. And it makes you start to wonder
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  some things like, OK, maybe 2025 is our year where we really
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  start to get some incredible gains.
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  We become more mainstream accepted.
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  And you know, if Larry Fink is coming in here, I I mean, look,
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  it just goes to show that we are what we say we are and Bitcoin
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  is the apex predator. And hey, as much as I'm not a
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  big fan of Larry Fink and BlackRock, he is very much so
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  legitimizing Bitcoin in the eyes of the suits out there.
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  So hey, Uncle Larry I think is becoming employee of the month
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  for February. It's still the beginning of the
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  month, but we we shall see what Uncle Larry does to the Bitcoin
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  price moving forward. Amen to that.
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  Amen to that, James. What are your thoughts on here
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  bro? Well, you know, it's, it's no
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  coincidence that a year ago when the ETFs launch, Larry Fink went
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  on CNBC and said, you know, he was wrong.
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  He was publicly admitted that he was wrong about Bitcoin.
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  And I don't think that's any coincidence.
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  I think that he reluctantly ate the orange pill.
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  And like you said, no one can resist the incentives of number
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  go up. And furthermore, you know, micro
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  BlackRock does not miss. They launched the, the they they
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  filed for the Bitcoin ETF and, and even many people including
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  the Winklevoss twins filed before them, but BlackRock did
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  not miss. And so now when we look at them,
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  their institutional clients allocating, you know, buying 5%
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  of micro strategy, I don't think they're gonna miss there.
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  So I think Larry Fink has insight into these markets and
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  he, he, he, he, him and his institutional investors do not
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  miss. So I think something big is
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  coming for Bitcoin that Larry Fink behind the scenes knows
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  about. Absolutely.
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  Hey, wait, Nico James brought up a good point.
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  I mean, is it hold on, hold on, is it really behind the scenes?
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  Like look at what look at what's happening with the Trump
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  administration. I mean, the so-called Cryptozar,
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  David Sachs literally just went on TV saying that they're
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  looking into a strategic Bitcoin reserve.
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  They're seriously considering it.
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  What do you think happens to the price of micro or better said,
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  what what happens to the shares of of strength strategy once a
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  strategic Bitcoin reserve is announced?
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  It's going to go through the moon.
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  It's going to go to the moon anyways.
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  Opti, what are you saying? Yeah, Yeah, James brought up a
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  good point. And just to be completely clear,
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  with this increase of share allocations in the scheduling of
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  the 13 G filing that that particular filing basically says
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  that they won't have any control over what's going on with
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  strategy. You know, they, they basically,
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  it's not like they can force or pressure Sailor into doing
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  anything. They're just trying to get more
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  exposure coming out of that company, which I think, you
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  know, Nico, we've been kind of joking about this man.
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  Maybe we should have gotten some micro strategy exposure at this
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  point. But yeah, there's no, it's not
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  like a like a controlling share of micro strategy.
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  So Saylor can continue to do what he wants to do.
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  It looks like Larry just kind of wants some, some price exposure
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  to Bitcoin adjacent products. So further moves from Larry
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  thinks that he's, he's looking at the Bitcoin space and being
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  like, hey, I need to capitalize on this.
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  So hey, deal with that information what you will.
• 12:38
  Absolutely, 100%. All right everybody, before we
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  jump straight into the show, I do want to give a shout out to
• 12:45
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• 12:49
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• 12:56
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  titanium. At the time of recording, the
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  Bitcoin price is $97,600. Block height 882,743 sats per
• 16:43
  dollar 1025 market cap 1.93 trillion Bitcoin versus gold
• 16:48
  market cap 9.55% Percentage issued 94.38% Decline from all
• 16:55
  time high -10.6%. Realize monetary inflation 1.01%
• 17:03
  Continuing to take Fiat currencies to absolute school.
• 17:07
  I mean, that number is going to go up, go under 1% very soon.
• 17:11
  And Fiat, their target inflation rate is 2%.
• 17:14
  I mean, Bitcoin just continues to just embarrass Fiat
• 17:18
  currencies anyways. So today I, I kind of want to
• 17:23
  talk about this like we've been going through this on.
• 17:27
  If you guys been on X for the last couple of days, you guys
• 17:30
  have been seeing what's been happening with, with Doge.
• 17:35
  You guys have been seeing what's been happening with with Elon
• 17:39
  Musk and essentially like Elon has been exposing how much of
• 17:46
  our tax dollars if you live in the United States, and I'm I'm
• 17:49
  sure this is happening in all countries around the world
• 17:52
  because it's an architectural problem, but I'll get to that in
• 17:55
  a second. Essentially, Elon has been
• 17:58
  exposing through DOGE, the Department of Government
• 18:01
  efficiency, not the altcoin that there is a tremendous amount of
• 18:05
  waste. So a lot of our tax dollars are
• 18:09
  being spent on things that we don't even know about.
• 18:15
  We probably don't agree on like we we we don't agree with
• 18:19
  whatsoever. And I think the biggest scandal
• 18:23
  in my opinion, has been the fact that we learned that a lot of
• 18:28
  this money was being used to fund the media itself.
• 18:33
  And now that kind of explains why the New York Times was so
• 18:38
  hostile towards Bitcoin. We know the Biden administration
• 18:41
  was hostile towards Bitcoin. They didn't like Bitcoin.
• 18:45
  And now we're essentially finding out that essentially all
• 18:49
  these legacy media outlets were being funded by the Biden
• 18:54
  administration. Talk about conflict of interest.
• 18:57
  This is an independent media. If the government is funding
• 19:01
  your media operation, that is literally called propaganda.
• 19:04
  That's you're a propaganda outlet.
• 19:06
  You're not a media outlet. And again, if you're paying
• 19:10
  taxes in the United States, you were funding this the entire
• 19:14
  time. I don't think anyone agreed to
• 19:17
  this. This was something that was done
• 19:19
  in the back end. Now what the solution is by Elon
• 19:24
  Musk and by Trump. And I think it's a very, you
• 19:28
  know, they're, they're doing good work, but it's a half
• 19:31
  measure because we're only one administration away from all of
• 19:36
  that being reversed. So before I get to what the
• 19:40
  solution is, because I think that's what sets simply Bitcoin
• 19:43
  apart from a lot of conservative media outlets or liberal media
• 19:48
  outlets, is that their solution is to vote.
• 19:52
  Our solution is Bitcoin. Our solution is the separation
• 19:56
  of money and state. Our solution is to not only
• 20:00
  vote, but vote with your wallet and if things get a little bit
• 20:04
  difficult, vote with your feet. That is truly how you become a
• 20:08
  sovereign individual. So anyways.
• 20:11
  Here's President Trump on Truth Social and he says looks like
• 20:13
  billions of dollars have been stolen at USAID and A and A and
• 20:20
  other agencies, much of it going to the fake news media as a
• 20:24
  payoff for creating good stories about the Democrats.
• 20:28
  The left wing rag known as political seems to have received
• 20:32
  $8 million. Did the New York Times receive
• 20:36
  money? Who else did?
• 20:38
  This could be the biggest scandal of them all, perhaps the
• 20:41
  biggest in history. The Democrats can't hide from
• 20:45
  this one. Too big, too dirty.
• 20:48
  I don't. And again, like, let's put all
• 20:50
  the other kind of political discussions aside.
• 20:54
  Now we know why The New York Times was attacking Bitcoin last
• 20:57
  year. And Trump didn't write it in
• 20:59
  here, but the New York Times received $4 million for from the
• 21:04
  United States government. Now this some original thought
• 21:08
  that I had last night. I said, so they've been straight
• 21:11
  stealing our tax dollars for years now to fund propaganda
• 21:14
  against the people who pay taxes in the 1st place.
• 21:17
  Separate money from state. And then I said the only way to
• 21:21
  permanently defeat some people call it the administrator, the
• 21:24
  deep state. I call it the administrative
• 21:26
  state. What the administrative state
• 21:28
  is, is the unelected bureaucracy that remains in power regardless
• 21:31
  of who is in office. The only way to permanently
• 21:35
  eliminate the administrative state is to eliminate its source
• 21:39
  of funding. Everything else is 1/2 measure
• 21:42
  and the Fed. And I think this is where
• 21:45
  Bitcoiners are ahead of the curve.
• 21:47
  Naval said this the the second American Revolution, of course,
• 21:51
  referencing what Elon is doing with Doge and what he's doing in
• 21:57
  terms of exposing all this fraud and corruption.
• 22:01
  And now this leads me to my next point, which is what we've seen
• 22:07
  over the last five years is we've seen like this shared
• 22:10
  narrative from the legacy media. It was always, they're always
• 22:14
  saying the same things like regardless of which outlet it
• 22:17
  came from, it's almost as if they got the same memo and they
• 22:22
  all kept saying the same thing. And then when as it related to
• 22:25
  Bitcoin, all the international media outlets, whether it was
• 22:29
  Reuters or The New York Times, they all attacked Bitcoin
• 22:33
  savagely and they attacked El Salvador when El Salvador passed
• 22:37
  the Bitcoin law. Why was all this happening?
• 22:40
  Like, why was there such coordination?
• 22:43
  Well, we, we, we have just found out that all of their funding or
• 22:47
  a big portion of their funding was coming from the United
• 22:51
  States government. And we know how the United
• 22:54
  States government feels about Bitcoin, which is absolutely
• 22:58
  crazy. So all that being said, all that
• 23:02
  context being provided, it makes perfect sense why we saw this
• 23:07
  type of stuff. Hi, I'm Fox San Antonio's
• 23:10
  Jessica Headley. And I'm Ryan Wolf.
• 23:12
  Our greatest responsibility is to serve our Treasure Valley
• 23:15
  communities, the El Paso, Las Cruces communities, eastern Iowa
• 23:18
  communities. Mid Michigan communities.
• 23:20
  We are extremely proud of the quality, balanced journalism
• 23:23
  that CBS4 News produces. But we are.
• 23:29
  Concerned plaguing our country, the sharing of biased and false
• 23:35
  news has become all too common on social media.
• 23:38
  More alarming, some media outlets publish these same fake
• 23:41
  stories without checking facts first.
• 23:43
  The sharing of biased and false news has become all too common
• 23:47
  on social media. They are true without checking
• 23:54
  facts first. Unfortunately, some members use
• 23:56
  their platforms to push their own personal bias and agenda
• 24:02
  control exactly what people think, and this is.
• 24:05
  Extremely. Dangerous to our democracy, this
• 24:08
  is. OK, OK, I'm sure you guys get
• 24:11
  the point. Now we now know why they were
• 24:14
  all saying the same thing, because they were getting paid
• 24:19
  by the government to say the same thing and at the same time
• 24:24
  simultaneously discredit social media because social media is
• 24:30
  where independent media is essentially allowed to thrive.
• 24:35
  Now we know they lost control of the narrative.
• 24:39
  Governments lost control of their monopoly on information as
• 24:43
  soon as social media started to become more popular than legacy
• 24:47
  media. And now with what Elon
• 24:50
  discovered at Doge, we have now discovered like the smoking gun.
• 24:54
  Essentially, they were funding the New York Times, they were
• 24:58
  funding political, and they were funding these legacy media
• 25:02
  outlets to go after the political opponents.
• 25:06
  And you can see it clear as day with those TV stations.
• 25:10
  Those TV stations are supposed to be local.
• 25:12
  TV stations are supposed to report local news.
• 25:16
  They're all literally reading off the same script.
• 25:21
  Me and Opti, who have no formal background in media or reporting
• 25:27
  or journalism, are more journalists and reporters than
• 25:32
  all those guys. Those guys are pure straight
• 25:36
  propagandist. And then this kind of leads me
• 25:39
  to my final point. This is the disintermediation of
• 25:43
  information. This is what we went through as
• 25:45
  a society. It took about 10 years.
• 25:47
  It started in 2016 with the first election of Trump.
• 25:51
  And then it really, really, we reached critical, critical mass
• 25:56
  that we reached the singularity as soon as Elon bought X and
• 26:00
  essentially freed the bird, so to speak.
• 26:04
  And now the reason I'm talking about all of this is because
• 26:07
  free speech is the front line for the battle for Bitcoin.
• 26:10
  What we're heading into is the disintermediation of money and
• 26:15
  state. And that one I think is going to
• 26:18
  be a much bigger fight. But I think it's a fight that's
• 26:21
  necessary because if we don't separate money and state, this
• 26:27
  whole, you know, the state or the administrative state, using
• 26:32
  tax dollars to fund things that are working against you is going
• 26:38
  to continue. No human being deserves the
• 26:42
  ability to create money for free that another human being has to
• 26:47
  work for. That's a God like power that
• 26:50
  clearly the government has shown time and time and time again
• 26:56
  that it is not worthy of that power, that it continues to
• 26:59
  abuse that power and it will continue to take advantage of
• 27:03
  that power to work against you. And we all have to remember, we
• 27:09
  are the taxpayers here. We're supposed to be the ones
• 27:13
  funding them. They're supposed to be the ones
• 27:15
  working for us. But as long as they have a money
• 27:19
  printer, they're not incentivized to work for us.
• 27:23
  They're incentivized to work for the money printer.
• 27:27
  They're incentivized to protect the money printer at all costs
• 27:31
  because that is their source of revenue.
• 27:34
  That is their primary source of revenue and they're willing to
• 27:37
  lie, cheat, smear, propagandize anything and everything in order
• 27:43
  to keep control of the truth and the narrative.
• 27:48
  And I think the world that we lived in five years ago is never
• 27:53
  coming back. And I think we're going to see
• 27:55
  an even bigger and bigger rise of critical thinking.
• 27:59
  And we're going to see the the explosion of independent media.
• 28:03
  It's going to continue to rise and take legacy media's place.
• 28:07
  But you have to keep your, you have to keep your head in the
• 28:09
  game and you have to prepare for what's next.
• 28:12
  And the battle, the battle, the next battle of what's to come is
• 28:17
  the separation of money and state.
• 28:19
  And I'm telling you, look at how much they did to try to
• 28:23
  discredit us, to try to censor us.
• 28:26
  Look at how much they did to try to control the narrative, keep
• 28:30
  control of the narrative. Look at all the things that they
• 28:32
  did. What do you think they're going
• 28:35
  to do when they feel threatened and they start losing control
• 28:40
  over their monopoly on money? What do you think they're going
• 28:42
  to do? And our most important weapon in
• 28:45
  all of this, it's not a kinetic weapon, they're our most
• 28:49
  important weapon in all of this is our ability to speak.
• 28:54
  And they don't have the truth on their on their side.
• 28:57
  So as long as we keep telling the truth, as long as we keep
• 29:00
  spreading the gospel of Satoshi, as long as, as long as we keep
• 29:03
  spreading Bitcoin adoption. Bitcoin relies on incentives for
• 29:08
  people to adopt it. Fiat relies on coercion.
• 29:12
  We're going to win, It's inevitable.
• 29:13
  But it's important to keep your head in the game and it's
• 29:16
  important to remember where you are in the movie.
• 29:20
  Fix the money, fix the world. Anyways, I'm going to pass it on
• 29:22
  to Opti. Opti, what are your thoughts on
• 29:24
  this? I mean, that video of all those
• 29:27
  local reporters, bro, like that was some dystopian type level.
• 29:32
  And it's crazy to me, bro, because they were projecting
• 29:35
  onto US what it is they're doing themselves.
• 29:39
  Like you literally have 100 local media channels and they're
• 29:43
  all saying the same thing. Be careful of the information
• 29:47
  you get online. You know, people are using it
• 29:50
  for their political gain and this is a danger to democracy.
• 29:53
  I'll say what they're doing is a danger to democracy.
• 29:57
  Using government funds to craft narratives to fund independent
• 30:02
  media. That is a bigger danger to
• 30:05
  democracy then, you know, some humble self-taught Youtubers
• 30:10
  deciding to buy microphones and cameras and broad broadcast to
• 30:13
  you guys. There's it's not a coincidence
• 30:16
  that the most popular broadcaster in the world is Joe
• 30:19
  Rogan. And it's not, you know, Fox News
• 30:23
  or CNNBC. Opti, what's your take?
• 30:26
  Well, my first take is obviously that.
• 30:28
  You are fake news. I was, I was sorry guys, I was
• 30:32
  spamming this before the show, so I'm just trolling right now.
• 30:37
  Well, personally, I remember when this clip came out and I'm,
• 30:40
  I'm so glad you brought it up because when you were kind of
• 30:43
  laying out the story, I, I was inherently thinking about that,
• 30:46
  that exact clip that you played. And at the time we were all
• 30:49
  talking about this and we were all, well, at least as
• 30:52
  Bitcoiners and content creators, we, we were all pointing out
• 30:55
  that this seems like manufactured consent.
• 30:58
  Like you can't get all of these people saying the same exact
• 31:01
  script without someone basically being the script writer.
• 31:04
  And we were all speculating on where the money was coming from
• 31:06
  and who was the, you know, the people at top that were actually
• 31:09
  controlling this or rather, but inseminating these ideas into
• 31:13
  the culture. And This is why we've been
• 31:16
  calling the mainstream media news, quote UN quote mainstream
• 31:19
  media news as either corporate press or even state propagandas.
• 31:23
  Because as a Bitcoiner or someone that's kind of unplugged
• 31:26
  from some might say The Matrix, whatever, whatever meme you want
• 31:29
  to use, it's becoming very obvious that there is this
• 31:32
  manufactured consent being pushed into society.
• 31:36
  And now as we've seen with what's going on with this USAID
• 31:40
  stuff, now we have it's a honeypot.
• 31:42
  Like we knew this was going to happen, or rather, we knew this
• 31:45
  was happening and that there were disinformation campaigns
• 31:48
  being played out on a mass scale around the world.
• 31:51
  And of course, domestically, at least for us in the US.
• 31:54
  But now we know where at least some of the source of the money
• 31:57
  is coming from. We all were kind of using the
• 31:59
  generic meme that it comes from the money printer.
• 32:01
  Now it's becoming very obvious that yes, of course it comes
• 32:04
  from the money printer. But now we can pinpoint exactly
• 32:06
  where this money is coming from. And it is obviously, I think I,
• 32:11
  I want to say it's eye opening, but as we've been seeing, a lot
• 32:15
  of people will still kind of dig their heads in the sand even
• 32:18
  when they're faced with truth and facts.
• 32:20
  And so as hopeful as I am that people will start to wake up
• 32:24
  that maybe we're living in a Truman Show esque life where
• 32:27
  everything you are fed or force fed is, isn't actually the
• 32:30
  truth. And it's just a narrative that
• 32:33
  obviously benefits a small group of people.
• 32:36
  I still kind of feel that most people will ignore this.
• 32:39
  And, and if they don't like Elon or, you know, they're more left
• 32:42
  than right, they'll say, oh, that's fake news.
• 32:45
  You know, like you, you can't trust that news source again,
• 32:48
  you know, you can't trust independent content creators.
• 32:50
  It's not coming from the the establishment.
• 32:53
  And therefore, this is something I'm not going to believe in.
• 32:56
  So I'm hopeful that that this is going to wake people up.
• 33:00
  But I'm, I'm also a bit cynical on that idea.
• 33:02
  But one thing that I do want to say, I don't think this is just
• 33:06
  happening on the left. I also think that this is
• 33:09
  happening on the right. This is happening on both sides
• 33:11
  of the aisle that there is manufactured consent and a lot
• 33:15
  of it, the money is coming from the money printer.
• 33:17
  You know, you can pinpoint where it comes from.
• 33:19
  We can we can definitely use this moment to kind of expose
• 33:23
  the fact that a lot of the quote on quote official established
• 33:26
  corporate press is actually being paid by the money printer,
• 33:29
  therefore pushing these narratives that are that are
• 33:31
  hurtful to the population. But I don't think this is just
• 33:34
  relegated to one inside the aisle.
• 33:36
  This is happening everywhere. There's psyops all the way down.
• 33:39
  It's very important to kind of take back your brain and
• 33:42
  critically think. And I think this is kind of part
• 33:44
  of what happens when you become a bitcoiner.
• 33:46
  You unplug from all of quote UN quote legacy narratives and you
• 33:50
  kind of start taking your brain back.
• 33:52
  You start thinking about first principles.
• 33:54
  You realize that, hey, maybe I've been lied to more than just
• 33:57
  about money. And you do start to go through
• 34:00
  this process of unplugging yourself.
• 34:02
  And hopefully more people join us on this journey.
• 34:05
  And, and I, I think this is, this is a great first step.
• 34:08
  Obviously as a bitcoiner, we knew this was happening, but
• 34:11
  before we had this, this actual facts and information, it would
• 34:15
  have been very easy to be like, oh, you're just conspiracy
• 34:18
  theorists. And now it's like, no, here's
• 34:19
  the facts. These are the facts.
• 34:21
  You know, you can, you can do with it what you will, but this
• 34:24
  is actually what's going on. So hopefully people do wake up,
• 34:26
  but hey, it's, it's going to be a long journey.
• 34:29
  I know some people don't want to face to face reality sometimes,
• 34:33
  but as Bitcoiners, this is what we do.
• 34:35
  We, we deal with these uncomfortable truths to face
• 34:38
  reality and try to see the world clearly.
• 34:41
  And there's still a lot of people that are invested in this
• 34:43
  idea that, hey, I just want to live in my fantasy still because
• 34:46
  it's more comfortable and change is uncomfortable.
• 34:49
  So hopefully it does wake people up.
• 34:52
  You know, that's, that's basically all I can say right
• 34:54
  now. I hope people do start to see
• 34:56
  the light and they realize, man, maybe everything isn't what I
• 34:59
  thought it was. Amen to that.
• 35:01
  Amen to that. James.
• 35:02
  What are your thoughts on this, bro?
• 35:03
  I mean, again, pretty dystopian having you know, all the all
• 35:08
  that footage playing at the same time.
• 35:11
  Like it, it's, it's like, you know, it's, it's, it's almost as
• 35:14
  if. It's almost as if.
• 35:17
  Just like the Bible says, it's basically an intergalactic
• 35:20
  invasion into this space through people.
• 35:23
  I'm telling you, it's what all the ancients said, it's what
• 35:25
  they warned of. It's what we're dealing with.
• 35:27
  They're demons. They're freaking
• 35:28
  interdimensional invaders. OK, I'll just say it.
• 35:31
  Make fun of me all you want on CNN or wherever, but everyone
• 35:34
  already innately knows this. These people are not freaking
• 35:37
  humans, OK? Hillary Clinton is a God damn
• 35:40
  demon. It's almost as if, you know, Mr.
• 35:44
  Jones was right about a lot of things.
• 35:46
  Maybe not every year, but the certain things.
• 35:50
  James, what are your thoughts brother?
• 35:52
  Alex Jones has certainly has proven to be right about a
• 35:55
  number of things, but it's it's definitely weird how it's all
• 35:58
  played out. Like a year or two ago, I think
• 36:01
  there was a general sense that these people are either
• 36:04
  knowingly lying or ignorant when it comes to Bitcoin and certain
• 36:08
  other things. But slowly, it's crazy how much
• 36:12
  the Overton window has shifted in the past year because now
• 36:15
  it's coming to light that they're knowingly lying to us
• 36:19
  about things. And it's no coincidence because
• 36:22
  they're being paid and literally reading from a script.
• 36:26
  So anyone paying attention over the past year can see what's
• 36:33
  happening. I mean, at first, even myself, I
• 36:35
  thought, this is innocence. These people just don't
• 36:38
  understand what's going on. But Fast forward to today, the
• 36:42
  conspiracy theorists are right. So you know, the media is not
• 36:47
  your friend, the the government is not your friends.
• 36:50
  You need to remain vigilant. The media, the government,
• 36:53
  apparently it's it's the same thing.
• 36:56
  That's what we're discovering. Yeah, seriously.
• 36:58
  In the government right. What?
• 37:00
  What's that one quote from the Gulag arc?
• 37:03
  What's an archipelago? Whatever.
• 37:06
  They're lying. We know they're lying.
• 37:09
  They know. We know they're lying, but
• 37:12
  they're lying anyways. And they're lying anyways.
• 37:15
  Yeah, man. But look, the Internet really
• 37:18
  has freed humanity. Information technologies has
• 37:21
  really freed humanity. The Internet started the fire
• 37:25
  and Bitcoin is coming is is coming along with a drum of
• 37:29
  gasoline and pouring gasoline into that, into that flame of
• 37:35
  liberty. So man, it's really exciting
• 37:38
  times. And I think it's a pivotal
• 37:41
  moment in human history. Like the balance of power
• 37:44
  between the individual and the state is going to change
• 37:47
  dramatically. I think Bitcoin is going to
• 37:50
  inevitably the adoption of Bitcoin worldwide is inevitably
• 37:54
  going to shrink the size of government.
• 37:56
  It's an inevitability. And I think we're kind of
• 38:00
  reaching that like peak Mark Moss calls it peak
• 38:03
  centralization. We've reached like the, the peak
• 38:07
  of what it what a nation state can do, right?
• 38:12
  Like what it and, and the I think the question is it's like,
• 38:17
  you know, especially with all this stuff that all this fraud
• 38:19
  that was coming out because of the, the doge thing that Elon is
• 38:23
  doing, like, like why? Like like I know the taxes is
• 38:31
  the law. You have to pay the taxes.
• 38:32
  You go to jail if you don't pay the taxes.
• 38:34
  But it's like, this is where my taxes are going, Like, and then
• 38:38
  this and then all the other fraud that was uncovered, like
• 38:41
  the like, paying for certain studies in certain countries,
• 38:46
  not to be specific or anything, like why am I paying for, you
• 38:50
  know, Sesame Street in Iran? Like that was one of the things.
• 38:55
  It was like $4 million. You know how many people?
• 38:57
  The average tax bill for an American is 20,000.
• 39:01
  You know how many Americans you'd have to add up to make $44
• 39:05
  million worth of payments to pay for Sesame Street in another
• 39:08
  country? And and do do they think they
• 39:12
  know they're paying for that Sesame Street in another
• 39:15
  country? Like, no, they have no idea.
• 39:16
  The only reason they get away with this is because people
• 39:19
  don't know what they're using that money for and they're not
• 39:22
  even using that money effectively.
• 39:24
  So like when you hear politicians say, you know, these
• 39:27
  people aren't, they're not paying their fair share.
• 39:30
  It's like, what about you guys? What is the where is the
• 39:33
  accountability on you guys on how you use our money?
• 39:36
  You threaten us with prison if we don't pay us to pay it.
• 39:40
  What if you waste it? Is there any repercussions for
• 39:44
  you whatsoever? And then the only arguments that
• 39:47
  I've heard against Elon is like, Oh my God, Elon is auditing the
• 39:52
  government. How could he will?
• 39:53
  He wasn't elected. Trump literally ran a campaign
• 39:58
  on him getting Elon into the federal government so that he
• 40:02
  can make it more efficient. He literally ran on that
• 40:04
  campaign. And if your argument, your best
• 40:08
  argument, is like, please don't audit the government
• 40:11
  simultaneously. If the government audits you and
• 40:15
  you refuse to be audit by the government, you go to jail.
• 40:18
  But you can't audit the government even though you pay
• 40:22
  for the government and the government is supposed to work
• 40:24
  for you. That's not a good argument.
• 40:27
  And that is literally the definition of tyranny.
• 40:30
  That is literally the definition of tyranny.
• 40:32
  If we live in a relationship, if we live in a in a society where
• 40:36
  you can't question the state and what they're doing with your
• 40:40
  money, That's not what the US was built upon.
• 40:44
  That's not what most Western democracies were built upon.
• 40:48
  But it's gotten to a point where the bureaucracy is so bloated,
• 40:53
  the administrative state is so bloated, that it can't help
• 40:57
  itself. It has to continue to suck more
• 41:01
  and more and more resources from its people in order to maintain
• 41:06
  itself. And it reaches a point where
• 41:09
  they have no choice but to start to coerce people, to start to
• 41:14
  censor people, to start to shut down political opponents.
• 41:20
  They they can't have the truth come out because no one would
• 41:24
  agree to that. Like the stuff that they are
• 41:26
  uncovering is absurd. We've only focused on the media
• 41:30
  stuff. But I beg you, guys, go on X and
• 41:34
  see all the other stuff that they've been paying for.
• 41:37
  We try to stay inclusive on simply it.
• 41:39
  It's absurd. It's absurd what they're doing.
• 41:43
  Anyways, Bitcoin fixes this. I think the only long term
• 41:47
  solution is the separation of money and state.
• 41:49
  Anyways, guys, stay tuned because we have some really
• 41:52
  exciting news for you guys. We have the Strategic Bitcoin
• 41:56
  Reserve initiatives that are happening all across the United
• 42:01
  States. It seems like states are leading
• 42:04
  the charge for the Strategic Bitcoin Reserve initiatives on
• 42:08
  the state level. On the federal level, of course,
• 42:11
  you have Senator Cynthia Lummus. I just had an interview with her
• 42:13
  in DC. Check it out if you want more,
• 42:16
  if you want an update on the Strategic Bitcoin Reserve on the
• 42:19
  federal level. But at the state level, it seems
• 42:21
  like they're really, really leading the charge.
• 42:23
  And I think we're on the verge of the 1st US state implementing
• 42:28
  a strategic Bitcoin reserve. Really exciting stuff.
• 42:31
  We're going to talk about all that.
• 42:33
  We'll be right back. We're going to hit the new
• 42:35
  segment. I want to give a very special
• 42:37
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  everybody let's get back to today's show.
• 44:55
  What are we going to be talking about?
• 44:57
  We are going to be talking about the strategic Bitcoin reserves
• 45:00
  that are happening all around the United states.
• 45:05
  We got, we got North Dakota, we got South Dakota.
• 45:11
  I don't know. We got Wyoming, we got Utah, we
• 45:15
  got Arizona, we got New Mexico, We got Texas, we got Oklahoma,
• 45:20
  we got Missouri. We got, I believe that's Iowa.
• 45:25
  We got Illinois. Is that W?
• 45:28
  That's Kentucky. We got Ohio, we got
• 45:30
  Pennsylvania, we got New Hampshire, and I believe that's
• 45:34
  Massachusetts as well. So many different states are
• 45:38
  looking into strategic Bitcoin reserves at the moment.
• 45:43
  This is extremely exciting. If you guys saw my interview
• 45:47
  with Senator Lummis and Dennis Porter in Washington, DC and on
• 45:52
  in Capitol Hill, Dennis believes that Utah is going to be the
• 45:57
  first state that is going to approve a strategic Bitcoin
• 46:02
  reserve. This is going to be massive.
• 46:05
  It's literally, you know, it's, it's, it's going to be insane
• 46:08
  because essentially it puts a a stamp of approval that a
• 46:13
  strategic Bitcoin reserve is a good thing.
• 46:16
  And remember, ladies and gentlemen, as number goes up,
• 46:21
  any of the detractors, anyone who's talking crap about this
• 46:26
  happening, they're going to have to swallow their words.
• 46:30
  Number go up. Technology is the biggest
• 46:35
  convince her for people to adopt Bitcoin.
• 46:38
  I've been doing this for nine years.
• 46:40
  I've seen this story play out over and over and over again.
• 46:44
  This is what happens. I initially tell people about
• 46:47
  Bitcoin, they ignore me. Four or five years happens.
• 46:51
  They remember that I told them about Bitcoin four or five years
• 46:55
  ago when it was at half, more than half, or you know, a third
• 46:59
  or whatever of what it is today, right?
• 47:03
  And then they start listening. Then they're still like, you
• 47:05
  know what? This that was probably a good
• 47:08
  idea. They start listening very, very,
• 47:10
  very quickly, right. So number go up.
• 47:14
  Technology is amazing because once these states start to
• 47:18
  implement strategic Bitcoin reserves, even if the legacy
• 47:22
  media, which now we know is funded by the government, not
• 47:25
  anymore under the under the Trump administration, thank God.
• 47:29
  But any of the detractors saying that's too crazy, that you're,
• 47:34
  you're, you know, that's too dangerous.
• 47:37
  You know, that's, you're, you're risking the state's treasury,
• 47:40
  you're risking straight pension funds in four years, they're
• 47:46
  going to have to swallow their words.
• 47:47
  They can't, can't really, can't really say anything with number
• 47:50
  go up, right? And then, of course, it starts
• 47:53
  to become a domino effect. It starts to be all the other
• 47:56
  states that haven't adopted or how are not talking about
• 47:59
  strategic Bitcoin reserves. They're going to look at the
• 48:01
  state that has adopted a strategic Bitcoin reserve and
• 48:04
  they're going to say, holy cow, like we should probably do that.
• 48:08
  It gives us an advantage. Do you guys remember when El
• 48:11
  Salvador started buying Bitcoin and the amount of BS they got?
• 48:16
  They got so much BS. Do you guys remember that and
• 48:22
  what happened? We're here four years later,
• 48:26
  Niambu Kelly continues to smash by potentially using the IMF
• 48:32
  money. And El Salvador's completely
• 48:34
  vindicated. They're they're like, I think
• 48:37
  more than 100% up on their investment.
• 48:40
  So this is an amazing website. It's called Bitcoin Laws dot IO
• 48:46
  and it literally walks you through where you know what is
• 48:51
  the status. Of.
• 48:53
  You know, these strategic Bitcoin reserves and how far
• 48:56
  they've gone. So it seems like Utah is in
• 49:01
  committee #2 and it is 2 steps away from being enacted.
• 49:09
  So this is the, the strategic Bitcoin reserve race.
• 49:14
  Seems like in North Dakota, it was, it was, it was stopped in
• 49:17
  the chamber #1 Arizona, it's in chamber number one right now.
• 49:22
  But it seems like the race is between Arizona and Utah.
• 49:26
  Wyoming got shut down. I'm surprised too with, with
• 49:30
  Senator Lummus. But I guess on the state level,
• 49:32
  people aren't so much interested in it.
• 49:35
  But this is, this is incredible, guys.
• 49:37
  And it seems like Utah and Dennis called this to give him
• 49:40
  credit to that. Utah is the one that's the
• 49:43
  closest. So let's see if it passes.
• 49:46
  The second committee reaches the chamber #2 which I'm assuming is
• 49:51
  the upper chamber, and then it gets enacted.
• 49:54
  Let's see, very close. Utah seems to be leading the
• 49:58
  race in terms of which state is going to be the first state that
• 50:03
  enacts a, a strategic Bitcoin reserve initiative.
• 50:08
  It's extremely exciting. And here's a screenshot again of
• 50:13
  the legislation that will allow the state of Utah to invest in
• 50:16
  Bitcoin, passes the House and now needs to go to the upper
• 50:20
  house, which is the Senate and extremely exciting if you live
• 50:25
  in Utah. If you live in Utah, these are
• 50:28
  the state representatives that voted against the Bitcoin law.
• 50:34
  One of the Petersons seemed very open to it, but the other three
• 50:38
  Petersons did not seem so open to it.
• 50:42
  So again, if you live in Utah, then you want your state to have
• 50:45
  a strategic Bitcoin reserve. Here are the representatives
• 50:48
  that voted yes and voted no so you guys could take a screenshot
• 50:53
  of the screen right now. But anyhow, very, very exciting
• 50:56
  stuff. Here's an article by Coin
• 50:58
  Telegraph. I guess it adds a little bit
• 51:00
  more context. Bitcoin reserves sovereign
• 51:03
  wealth funds in the US explained on February 4th newly appointed
• 51:07
  Cryptozar David Sacks and in a press conference that the buy
• 51:13
  What is that? Bicameral.
• 51:15
  Bicameral crypto working group is looking into a strategic
• 51:18
  Bitcoin reserve and highlighted that quote.
• 51:21
  The concept of the sovereign wealth fund is a little
• 51:23
  separated. Indeed, sovereign wealth funds
• 51:26
  have been loosely understood by the crypto verse, often mistaken
• 51:29
  for a vehicle that can naturally include Bitcoin or other digital
• 51:32
  assets. Sovereign wealth funds are
• 51:34
  government owned investments funds that manage National
• 51:37
  Savings, often built from surplus revenues like oil
• 51:41
  profits or trade gains. Their main goal is to grow and
• 51:44
  protect wealth long term, ensuring economic stability for
• 51:48
  future generations. Unlike central banks, which
• 51:51
  focus on managing currency and monetary policy, sovereign
• 51:55
  wealth funds take a more strategic approach, invest in
• 51:58
  real estate, stocks, infrastructure and local
• 52:00
  businesses. Like if you're investing in real
• 52:03
  estate, you might as well invest in Bitcoin.
• 52:04
  And I already know that other sovereign wealth funds have
• 52:06
  invested in Bitcoin. So I'm already not liking this
• 52:09
  article very much anyhow. So yeah, very exciting stuff
• 52:14
  here in the US. Lots of states that are looking
• 52:18
  into it. And, you know, let's see where
• 52:21
  this goes from here. Man, this is extremely exciting.
• 52:24
  You know, this happening, at least not from a revolutionary
• 52:28
  perspective, but definitely from a never go perspective for sure.
• 52:34
  It it it like it it it like legitimizes the, you know, it
• 52:39
  legitimizes Bitcoin in the, you know, in the eyes of governments
• 52:45
  and states. Man, it's very exciting.
• 52:46
  Anyways, Opti, what's your take? And then we'll move on to our
• 52:50
  guest today. Well, my take is what is that,
• 52:56
  man? I'm blanking on that movie
• 52:58
  Talladega Nights, you know, if you're not first or last.
• 53:00
  And so that's. That's my whole thinking
• 53:02
  throughout this whole thing, so. Hey, if Utah passes it, if
• 53:05
  Arizona passes it, like good for them.
• 53:08
  I think those states are going to set themselves up in a in a
• 53:11
  very good position to start to lead the future.
• 53:15
  And hey, I might, I just might. Man, there's some beautiful
• 53:20
  women in Utah. Obviously I'm very willing to
• 53:22
  move there, Nico. I'm not against it.
• 53:24
  But yeah, man, I I'd love to see this because really I think at
• 53:27
  this point, and I've been saying this off air and on air, I think
• 53:31
  a lot of us are having a bit of fatigue in a lot of these bill
• 53:34
  announcements. It seems at this point almost
• 53:36
  every state. But obviously now it's like half
• 53:39
  of the states. And so it's not really news
• 53:41
  anymore. The first time, maybe the first
• 53:42
  couple of times we heard this. That's a good digger.
• 53:46
  I'm not I don't like the cold, FYI, but I think the first
• 53:49
  couple of times we heard this, it was it was like news.
• 53:53
  We were very excited about it. Obviously when it came from the
• 53:56
  nation state level, we were quit trolling me here we were.
• 54:01
  We were super excited about it when we heard it come from the
• 54:03
  states. And this is the beauty of the
• 54:04
  United States is that states can also pass legislation for or
• 54:09
  against what the federal government is doing.
• 54:11
  And, and we were super excited. Now it seems like everyone's
• 54:14
  following suit and a new bill is being announced every other
• 54:16
  couple of days or every other week.
• 54:18
  And so at this point, the big news will be who passes it
• 54:22
  first. Is it going to be the the Trump
• 54:25
  administration or is it going to be on state level?
• 54:27
  And if Utah or Arizona are leading that charge, those are
• 54:31
  starting to look like some good places for Bitcoiners to move to
• 54:34
  in the US. If you don't like your, your
• 54:37
  local jurisdiction. No, there is something
• 54:39
  interesting to see there is that, you know, the corner, some
• 54:42
  quote coastal elites on both sides of the US that they're not
• 54:45
  even talking about it. So it's very interesting to see
• 54:48
  that people that are technically considered, you know, the elite
• 54:52
  or the upper echelons in America right now are the are the
• 54:54
  laggards in regards to embracing Bitcoin.
• 54:56
  And I think this is kind of showing and continuing to prove
• 54:59
  this, this very real dichotomy that we're seeing right now that
• 55:03
  if you don't embrace Bitcoin, even if you are a wealthy state
• 55:06
  or wealthy individual, you're, you're starting to get left
• 55:09
  behind. And I think we're going to see
• 55:10
  more of this happen in in the coming years or maybe even it's
• 55:13
  just this year because hey, if this happens this year and these
• 55:17
  other states don't follow soon, then, you know, Utah or Arizona
• 55:21
  is going to get a very good Bitcoin position and everyone
• 55:24
  else is going to buy at a higher price.
• 55:25
  So it really goes into you get Bitcoin at the price you
• 55:28
  deserve. But it is interesting that
• 55:30
  they're even considering this. And someone in the chat was
• 55:32
  mentioning it as well. Like we've seen pension funds
• 55:34
  from certain states already invest in Bitcoin.
• 55:38
  And to me that just kind of continues to show that for a lot
• 55:42
  of people, they still consider Bitcoin like a risky quote UN
• 55:45
  quote investment. They still consider it a
• 55:47
  speculative asset. But if pension funds or states
• 55:51
  or nation states or even we have central banks now starting to
• 55:55
  consider Bitcoin, to me that just starts to show that it the
• 55:59
  signal that we feel about Bitcoin, that Bitcoin is the
• 56:02
  literally the least risky thing to be owning right now.
• 56:05
  It's starting to catch on because these people don't
• 56:08
  invest in in very speculative assets.
• 56:10
  They, they want something that is very safe, very conservative,
• 56:14
  that's going to last the long run.
• 56:16
  And the fact they're even considering Bitcoin just shows
• 56:18
  we are kind of entering a new paradigm that the Bitcoin
• 56:21
  narrative is shifting. It's no longer just Internet
• 56:24
  nerd money, a speculative asset. It's starting to become what we
• 56:28
  think it is. You know, as we say on the show
• 56:30
  constantly, like Bitcoin is our stable coin, like Bitcoin is the
• 56:33
  true stability in the world. And when these people that are
• 56:36
  risk averse start to embrace Bitcoin, I don't know what else
• 56:40
  is going to show people that this is not a risky thing to
• 56:43
  invest. It's actually more risky not to
• 56:45
  invest in Bitcoin. So the first state to kick this
• 56:47
  off, I think it's going to be actually big news and it's going
• 56:50
  to be huge for their state. But we'll see who wins.
• 56:53
  We'll see if it's the federal government or or on a state
• 56:56
  level. But we also have rumors that,
• 56:58
  you know, nation states around the world are already embracing
• 57:00
  Bitcoin. They're just kind of waiting for
• 57:02
  some, some announcements coming out of the state to really show
• 57:05
  that, hey, we've been doing this for a while.
• 57:07
  So it's really not in their position in their favor to say,
• 57:11
  hey, we've been stacking Bitcoin because maybe that is the
• 57:15
  catalyst to take Bitcoin out of this 100K range.
• 57:17
  But once it happens, I'm convinced we're going to see a
• 57:20
  huge price run. So man, strap in, keep stacking.
• 57:25
  This is the way. Absolutely our our buddy James,
• 57:29
  our special guest for today. What are your thoughts on this
• 57:33
  my friend? Yeah, so I'd like something,
• 57:36
  Opti said. You know, you at first we all
• 57:39
  come to Bitcoin, maybe we don't understand it, maybe we don't
• 57:41
  like it, but maybe someone, a friend tells you about it.
• 57:44
  But eventually you see it go up and you realize you're getting
• 57:47
  left behind. So that's that's the game theory
• 57:50
  at play. Something I've noticed on the
• 57:52
  retail level, most individuals who don't really understand
• 57:55
  Bitcoin or investing in general, they don't really want to get
• 57:59
  rich. They don't really want to go out
• 58:01
  and take a lot of risk investing until they see their neighbor
• 58:04
  getting rich. And and then the keeping up with
• 58:07
  the Jones just kind of kicks in and you know, every, everyone's
• 58:10
  investing in NVIDIA or investing in micro strategy and then they
• 58:13
  kind of pile in on that train. So that's that's the game theory
• 58:16
  at play, but that's the retail level.
• 58:18
  It's just going to start going up levels from there.
• 58:21
  And so game theory at play, we're going to start to see
• 58:26
  states, we're going to start to see nations, sovereign wealth
• 58:28
  funds, strategic Bitcoin reserves gradually, then
• 58:31
  suddenly. So we saw in retail, first it
• 58:35
  was the Ogs, the early Bitcoiners, and then we're
• 58:39
  starting to reach the masses now we're where are the Internet was
• 58:42
  in the 90s where maybe 510% of people are playing with this
• 58:45
  stuff, but the next 90% is going to be exponential suddenly.
• 58:50
  So then the next level up is companies like MicroStrategy,
• 58:54
  they've led the way, they pioneered the way for this sort
• 58:56
  of thing. Michael Saylor was had a unique
• 58:59
  mindset to to merge the two worlds of the sovereign.
• 59:03
  I'm sorry, the traditional financial legacy system, having
• 59:06
  been ACEO for 40 years and, and pioneered the way in that.
• 59:10
  And now we're seeing many copycat companies to the point
• 59:13
  where they're leading the entire stock market.
• 59:15
  So then the next level up from there is going to be nation
• 59:17
  states, sovereign wealth funds, central banks.
• 59:20
  And once we see one of those, they're going to all start
• 59:23
  falling like Domino's. I I have a strong feeling in my
• 59:26
  opinion that there's a strong chance of the foreign nation is
• 59:28
  already stacking in private. So I know a lot of people don't
• 59:33
  want a strategic Bitcoin reserve, they want to stack at
• 59:35
  lower prices. But what you need to remember is
• 59:38
  that Bitcoin is the money of enemies and you need to be OK
• 59:40
  with others investing in Bitcoin and using it.
• 59:43
  It's inevitable. So it it is in a way a matter of
• 59:46
  matter of national security that we get Bitcoin.
• 59:49
  Do you want to live in a state that is poor with their finances
• 59:53
  and has to tax you to death to pay for anything?
• 59:55
  Or do you want a financially strong state that you live in
• 59:59
  that has resources and doesn't need to tax you to death?
• 1:00:03
  I think the answer is simple. But for me, I'm not holding my
• 1:00:06
  breath and waiting for the United States to embrace
• 1:00:09
  Bitcoin. I I've already done the work.
• 1:00:11
  I've already studied it. I'm stacking sats and chilling.
• 1:00:14
  And whenever everyone else figures it out, awesome.
• 1:00:17
  But I'm not holding my breath. Absolutely beautiful,
• 1:00:21
  Beautifully, beautifully said. All right, guys, stay tuned
• 1:00:24
  because we are going to talk to James Moore during the culture
• 1:00:28
  segment of the show. So we will be right back, ladies
• 1:00:32
  and gentlemen. I want to give a shout out to
• 1:00:34
  our sponsor Hive Digital Technologies as the first ever
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  public miner. I want to give a shout out to
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  sustainable energy. Also got to casually drop this
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  Hive Digital Tech or check out their website,
• 1:01:20
  hivedigitaltech.com. All right everybody I do got I
• 1:01:37
  want to tell you guys about our our beautiful, beautiful
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• 1:01:44
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  April 3rd through the 6th. Ticket prices do increase guys,
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  the conference is coming up. It's going to be here a lot
• 1:01:54
  sooner than people think. You want to get your tickets
• 1:01:57
  quickly before the prices increase.
• 1:01:59
  The entire simply Bitcoin crew will be there.
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  Nico Opti, Rustin Dante to be one of the best Bitcoin
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  through the 6th in Dallas, TX. They're going to have Texas BBQ.
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  They're going to have some of your favorite Bitcoiners and a
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  special, special speaker that's going to be announced as well.
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  Guys, you definitely don't want to miss this Bitcoin celebration
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  again. Scan the QR code, go directly to
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  the website. Use promo code BBB 21 for $100
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  off of your tickets. Anyways, we have James in the
• 1:02:54
  house today. Me and James met each other in
• 1:02:58
  the flesh in the beautiful New York City at the pub Key Bar.
• 1:03:03
  I believe it was for the inauguration live stream that
• 1:03:06
  was being done by our friends over at Bitcoin Magazine.
• 1:03:10
  Great shout out to Spencer, Pete and Nolan and the entire Bitcoin
• 1:03:15
  magazine crew. Big friend, huge friends of huge
• 1:03:19
  friends of ours here at Simply Bitcoin.
• 1:03:22
  Incredible, incredible company. Anyways, James, it was great to
• 1:03:26
  see you. Great to meet you in the flesh.
• 1:03:28
  Man. It was a historical day.
• 1:03:30
  We are watching the inauguration of the first pro Bitcoin
• 1:03:35
  president. Trying to set the scene here and
• 1:03:37
  we are watching on TV. It was too cold outside.
• 1:03:40
  So it wasn't a regular inauguration.
• 1:03:41
  It was actually inside the capital.
• 1:03:44
  And Trump's speech was historic. And shortly after he was
• 1:03:48
  inaugurated, he already freed Ross Albrecht, repealed SAB 121.
• 1:03:55
  But two days before he inaugurated, he did launch the
• 1:03:59
  Trump coin, which was hilarious. So it wasn't completely perfect,
• 1:04:03
  but definitely wait. We're in a definitely way better
• 1:04:06
  position as an industry, as a movement now then where we were
• 1:04:12
  during the Biden administration. There's no doubt about it,
• 1:04:15
  right? So it was a historical day.
• 1:04:18
  And I'm glad that we get we got to meet each other on that very,
• 1:04:21
  very historical day and extremely cold day also in New
• 1:04:25
  York City. So, James, welcome to the show.
• 1:04:28
  Thank you for having me. So tell me, tell us a little bit
• 1:04:31
  about the Jersey City Bitcoin meet up.
• 1:04:34
  Yes, so I founded the Jersey City Bitcoin meet up about 3
• 1:04:37
  years ago right after COVID just kind of talking about Bitcoin to
• 1:04:42
  my wife to the point where she's like you need to get out in the
• 1:04:45
  meat space and, and and talk with other people.
• 1:04:47
  So I founded the Jersey City Bitcoin meet up.
• 1:04:50
  We've been going strong for three years.
• 1:04:52
  So what it is, is a casual Bitcoin and beers event at a bar
• 1:04:56
  every month, second Thursday of the month.
• 1:04:58
  So our next one is going to be next week.
• 1:05:01
  So if you're in the area, I hope you guys come out.
• 1:05:03
  But we are also excited to announce we are moving into
• 1:05:06
  educational content in partnership with the Jersey City
• 1:05:09
  Library. So anyone who wants to learn
• 1:05:11
  more about Bitcoin, running a node, self custody or anything
• 1:05:16
  like that, we're we're here to support you.
• 1:05:18
  And so we're hoping to help out new Bitcoiners as well as a lot
• 1:05:23
  of newbies who may just may be around the Public Library.
• 1:05:26
  So we're really hopeful to, you know, educate and create a meet
• 1:05:31
  space where we can all meet up and hang out.
• 1:05:33
  And if you're not in the area and you're interested in a
• 1:05:36
  Bitcoin meet up, I encourage you to find one in your area.
• 1:05:39
  And if you don't have one, start one.
• 1:05:42
  That's I mean, I would highly recommend it.
• 1:05:44
  It's been a really rewarding experience.
• 1:05:46
  I've met a lot of awesome Bitcoiners and prior to that it
• 1:05:49
  was just kind of people on the Internet that I knew.
• 1:05:51
  And 11 amazing thing that I found out about it is you'll
• 1:05:54
  actually meet people in meat space and they'll tell you your
• 1:05:57
  their Twitter handle and because they're Nim or whatever, you're
• 1:05:59
  like, Oh, damn, I already know you.
• 1:06:02
  So it's like all the people you've already been hanging out
• 1:06:04
  with, just in real life. Absolutely no, I I 100% agree
• 1:06:08
  with you man. It it the meat space.
• 1:06:10
  There's nothing like meat space to, to meet people.
• 1:06:15
  We're we're talking a little bit about bitlock boom a little bit
• 1:06:17
  earlier. That's actually the first time
• 1:06:19
  me and Opti met each other in person.
• 1:06:21
  And, and I was coming from the no bro, we could just talk on
• 1:06:24
  discord. You guys are my Internet
• 1:06:26
  friends. And it was actually surfer Jim.
• 1:06:28
  He's not as active as he used to used to be, but surfer Jim was
• 1:06:33
  like, no, you guys, you don't understand.
• 1:06:35
  You have to come, you have to like go to meet space.
• 1:06:38
  You have to meet people. And that was actually the first
• 1:06:40
  time me and Opti, you know, we, we like the first time me and
• 1:06:45
  Opti met each other, we actually got a hotel room together and we
• 1:06:49
  went to, you know, a meat space conference.
• 1:06:51
  So it was, it was, it was very awesome.
• 1:06:54
  So, James, tell me a little bit about what Match did.
• 1:07:01
  Georgia city meet up. So what, what makes us unique, I
• 1:07:04
  guess, is we're the only Jersey City Bitcoin meet up in Jersey
• 1:07:09
  City. So outside of that, we, we not
• 1:07:12
  only do we like to create a nice place for people to meet up and,
• 1:07:15
  and learn more and just shoot the shit and have a beer, but
• 1:07:18
  outside of that, we're also pushing local initiatives.
• 1:07:21
  So like I mentioned with the Jersey City library, but beyond
• 1:07:24
  that, you guys actually reported on this and some of the viewers
• 1:07:28
  might remember last year during the Bitcoin conference, Jersey
• 1:07:31
  City actually announced that their pension fund is going to
• 1:07:34
  start allocating to Bitcoin. So we saw that as a unique
• 1:07:38
  opportunity to reach out with, with to the mayor who also
• 1:07:43
  happens to be running for governorship and, and support
• 1:07:46
  that idea and anyone who happens to be like a firefighter or
• 1:07:49
  government worker who's like, what's this Bitcoin stuff and
• 1:07:53
  how much of my pension is going into it.
• 1:07:55
  We want to be a resource for these people who may not know
• 1:07:59
  what Bitcoin is and what they're investing into to learn more
• 1:08:03
  about it and even maybe take the step into buying some real
• 1:08:07
  Bitcoin. So we're, we're, we're uniquely
• 1:08:10
  positioned to be a nice space for the plebs to meet up.
• 1:08:14
  And if they just want to hang out at a bar and shoot the shit,
• 1:08:17
  we're there to do that. If you want to get more involved
• 1:08:19
  in educational content or learn more, we have opportunities to
• 1:08:23
  do that. And if you want to engage with
• 1:08:25
  local government to try to support initiatives, we're also
• 1:08:29
  making moves on that. So these are the areas that we
• 1:08:32
  try to focus on. Absolutely incredible, man.
• 1:08:34
  That's super, super cool that you guys are doing that.
• 1:08:38
  Again, Bitcoin is a grassroots movement.
• 1:08:41
  It's a bottom up movement. It's not a top down movement.
• 1:08:45
  So these types of meetups in person are incredibly important
• 1:08:50
  in really propagating, you know, the meme, really propagating the
• 1:08:56
  movement, really pushing forward the movement, really winning
• 1:09:01
  this narrative trench warfare that's happening, this battle
• 1:09:05
  for, you know, the the minds of humanity really, and getting
• 1:09:10
  them to wake up that it's not red versus blue, it's not left
• 1:09:13
  versus right, it's Fiat versus Bitcoin.
• 1:09:16
  So yeah, these meetups are incredibly important.
• 1:09:19
  More and more meetups are popping up, any at all across
• 1:09:22
  the world. Bitcoin is the most powerful
• 1:09:25
  political movement the world has ever seen since the introduction
• 1:09:28
  of Marxism in the 1850s. I really believe that in my
• 1:09:32
  heart, it's going to fundamentally change how human
• 1:09:36
  society organizes each other, the relationship between the
• 1:09:40
  individual and the state. And it's much bigger than just a
• 1:09:44
  technology. It's much bigger than just
• 1:09:46
  money. You know, in a way, Bitcoin
• 1:09:49
  changes who you are. Why are we so obsessed talking
• 1:09:52
  about Bitcoin every single day, day in, day out, day in, day
• 1:09:56
  out? Well, because we know.
• 1:09:58
  We know that, we know that. We know that we actually have a
• 1:10:02
  tool that could fix a lot of the world's problems, and it's just
• 1:10:06
  a matter of getting other people to open their eyes to it and
• 1:10:11
  adopting it, right? Anyways guys, this is an
• 1:10:14
  incredible. Show, wait, wait.
• 1:10:16
  I I want to ask James one question before we go off
• 1:10:18
  because you were mentioning about a, you know, if you wanted
• 1:10:21
  to start your own meet up. So James, I'm kind of
• 1:10:23
  interested. How did you start this meet up?
• 1:10:25
  And like, what steps would you tell people to, to take to start
• 1:10:29
  a meet up? And then and then we can get
• 1:10:31
  last last words. Yeah, thank you, Opti.
• 1:10:34
  So I mean, look for a local meet up.
• 1:10:36
  If there is one and it seems cool, then go out to it.
• 1:10:39
  But if in your area there's no meet up, I would recommend you,
• 1:10:42
  you know, create a Twitter, maybe buy a domain, it only cost
• 1:10:45
  12 bucks for a.com and find a local area to start doing
• 1:10:49
  meetups. That that's how we started.
• 1:10:51
  Our first meet up was probably like 5 people, but we've grown
• 1:10:55
  to now we have like 90 people in our Telegram chat and we
• 1:10:58
  regularly get like 1520 members at meetups.
• 1:11:01
  Especially when number goes up, the price just goes up.
• 1:11:04
  So if you're, if you're in an area and there's not many
• 1:11:08
  bitcoiners or there's not a Bitcoin meet up, rather start it
• 1:11:12
  be that change. But I would also recommend
• 1:11:15
  people to build on Bitcoin, whether it's a meet up, whether
• 1:11:18
  it's developing. I happen to be a developer, so I
• 1:11:21
  I love building cool things on Bitcoin.
• 1:11:23
  If anyone wants to do that, I, I would encourage them to reach
• 1:11:26
  out, but it really takes all types in Bitcoin.
• 1:11:29
  Some people are are good with media and live streaming like
• 1:11:32
  you guys are killing it, but some people have other traits.
• 1:11:35
  They might be a lawyer or whatever, but it really takes
• 1:11:37
  all types and all types of skills in it to really promote
• 1:11:42
  this to the world. So a meet up is just one place
• 1:11:46
  where you can organize and meet like minded people.
• 1:11:49
  So I would encourage you to get into that meat space or start
• 1:11:52
  your own so that you can start connecting with people and
• 1:11:55
  discussing ideas and build something awesome, whatever that
• 1:11:59
  might be. It doesn't have to be technology
• 1:12:01
  oriented. It it, it could even be
• 1:12:04
  educational content, it could be anything.
• 1:12:07
  But we really need to come together and support each other
• 1:12:12
  and, you know, create the future we want to see.
• 1:12:15
  And that applies to all fields. Absolutely beautiful.
• 1:12:19
  Yeah, I, I, I completely agree. It's good.
• 1:12:22
  It's good. Don't ask what you can do for
• 1:12:25
  Bitcoin. Don't ask what Bitcoin could do
• 1:12:28
  for you. Ask what you could do for
• 1:12:31
  Bitcoin. All right guys, that was an
• 1:12:33
  incredible show. I hope you guys enjoyed simply
• 1:12:35
  Bitcoin Live for this week. We made it through the week Opti
• 1:12:40
  today is February 7th, 2025. If you guys enjoyed the show,
• 1:12:43
  you know what to do smash the like button consider subscribing
• 1:12:46
  if you feel like we provided you value, but the number one thing
• 1:12:48
  you could do to help push the peaceful Bitcoin revolution
• 1:12:51
  forward is share this content share all Bitcoin content go to
• 1:12:55
  Bitcoin meetups like opti's recently new announced he is
• 1:12:59
  starting a meet up in Tijuana and Juarez hit up DM opti for
• 1:13:03
  more do you want fake news hit up optic.
• 1:13:07
  News. Hit up Opti For more information
• 1:13:11
  and I'm your host. Nico is my Ledger Co host,
• 1:13:16
  Optimus Fields, new meet up organizer of Tijuana and Juarez
• 1:13:21
  and our special guest. You are fake news and our
• 1:13:24
  special guest for today, James of the Jersey City meet up.
• 1:13:29
  Definitely go. Wait, wait, plug your website
• 1:13:31
  one time James for for the audio listeners and and then we'll
• 1:13:34
  roll out today. Jerseycitybitcoin.com Check us
• 1:13:38
  out, come out or open source. You could use it to build a
• 1:13:41
  website for your own meet up. Absolutely, absolutely.
• 1:13:45
  All right, everybody love you all.
• 1:13:46
  Go outside, touch some grass, enjoy the weekend, and we will
• 1:13:49
  be back on Monday for a brand new episode of Simply Bitcoin
• 1:13:53
  Live. Today's episode was brought to
• 1:13:56
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:13:59
  mission to enable financial independence.