Latest / Simply Bitcoin / BREAKING: The EU just CONFIRMED they're coming for your money in 2026!! | EP 1406

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BREAKING: The EU just CONFIRMED they're coming for your money in 2026!! | EP 1406 · Simply Bitcoin

0:01
Yo, well, everyone was distracted with the holiday
0:05
season. The EU just advanced a plan to
0:09
potentially steal your money. That's right, You heard that
0:12
right. In the same way the Federal
0:14
Reserve was created over Christmas.
0:17
Christine Lagarde just released an interesting Christmas update
0:21
confirming their digital euro is coming.
0:25
But that's not the only update we have for you guys this week.
0:28
The ECB has also got all 27 countries in the EU Council to
0:34
accept holding limits on the coming CBDC.
0:39
And then almost as if it's coordinated.
0:41
Of course, there's no coincidences here.
0:44
We also got a wild video from Ursula von Derlaan this week.
0:48
But before we get to all of that, let's play the clip of
0:52
Christine of Christine Lagarde's Christmas Central Bank digital
0:56
currency digital euro update. And again, definitely not a
1:01
coincidence whatsoever. Let's check it out.
1:05
We're getting to the close of the year and for many of us it's
1:09
a celebration moment. So to all of you who are
1:11
celebrating, Merry Christmas. To those who are not
1:14
celebrating, I hope you are having a lovely time.
1:17
It's also a time to look back and see how much has been done
1:21
and frankly been a lot of work. One thing that the European
1:25
Central Bank is proud of is to have achieved our target of 2%
1:29
medium term inflation is down to where we wanted it to be.
1:34
We've also looked at our strategy going forward.
1:37
And we took stock of the work done by all the teams to see
1:41
from a strategy point of view how we're going to go forward
1:45
and whether our strategy is fit for purpose and whether the ECB
1:48
is fit for the times. We're going through difficult
1:51
times. They are the 2 are the big
1:53
projects that we have worked on and we'll continue to work on in
1:57
26 are #1 the digital euro. We have completed the cycle of
2:01
the preparation. The Governing Council has given
2:03
its go ahead to move to the next cycle.
2:05
And we're now waiting for the European Parliament to come up
2:08
with final legislation that will the go ahead for the pilot phase
2:13
and then the launch. The other project, which is not
2:16
unrelated, more traditional, but still very efficient and needed
2:20
is the banknote. We are revamping our banknotes
2:23
process is well underway and we will have new design, new faces
2:27
possibly, and we look forward to that as well.
2:30
So to all of you should know, you should know that the
2:33
European Central Bank is standing strong, pleased that it
2:37
has reached its price stability target and determined to make
2:41
sure that this remains the case and that we are useful for our
2:45
European compatriots. Have a very happy holiday.
2:48
I don't know what it is about the day before Christmas, but
2:53
for anyone who doesn't know, and I'll show you guys the date.
2:56
The reason that date is so significant for us Bitcoiners
2:59
and for us people that believe in sound money and for us people
3:02
that don't believe in central banking is, you know, when the
3:06
Federal Reserve was established the day before Christmas.
3:10
Do you want to know why they did that?
3:12
They did that because they're hoping no one would play
3:16
attention. Also, you can go down the deeper
3:19
rabbit hole and you could say they did that for symbolic
3:22
reasons, but I don't want to go there.
3:25
Anyhow, let's check out what Simon Dixon had to say regarding
3:29
this. Again, this date, this date,
3:31
this specific date plays, it's again the establishment of the
3:36
central bank in the United States that's around today.
3:40
Do you think it's a coincidence that Christine Lagarde, you
3:44
know, saying all this happy holiday cheer, saying, hey,
3:47
guys, very good news, you know, do you think that it's a
3:51
coincidence that again, she's giving you an update how the
3:55
digital euro is advancing on the same day that the Federal
3:58
Reserve was established? No, I don't believe that's a
4:01
coincidence. I believe that is strong
4:03
symbolism. I believe they're trying to tell
4:05
you something and I think it's 100% on purpose.
4:09
And we're not the only ones to notice this.
4:11
And by the way, while all of this was happening, and again,
4:16
it's not a coincidence these days, these these dates, the
4:20
European Commission has also announced some news regarding
4:26
speech on the Internet and the laws that they're going to pass.
4:30
And it's like borderline 1984 type of stuff.
4:34
Like once I play you the video of Ursula, Ursula von Derlin and
4:40
how she talks about freedom of speech on the Internet and how
4:43
she commingles words and like wordsmiths things and makes it
4:46
seem like look like, you know, it's a danger to democracy if
4:49
people somehow talk on the Internet freely.
4:52
Like I I would say that's the opposite.
4:53
Like I would say you can't have a democracy unless people talk
4:56
on the Internet freely. That happened on the same day
5:00
that Christine Lagarde is giving an update on the digital Euro.
5:03
So to think that the two things are not going to be connected,
5:07
right, the digital euro connected with your online
5:11
behavior and then moving forward with the digital ID that they
5:15
have planned. If you think those three things
5:17
are not connected and if you think it's also not connected,
5:21
that they're announcing all of this on the same day that the
5:25
Federal Reserve was established, like you're completely asleep at
5:29
the wheel. Like this is all completely
5:31
symbolic. This is all to send a message
5:34
and again, maybe that's my personal interpretation of this,
5:37
but as a Bitcoiner, but like again, out of every single day
5:41
of the year, you happen to say this on Christmas?
5:45
I don't think so. And by the way, not the only one
5:47
to think this. Simon Dixon says the EU moved
5:50
the digital euro for the ECB forward yesterday, on December
5:54
24th, 2025. Same playbook as 1913 when the
5:58
Federal Reserve Act was passed while Congress and the public
6:01
were preparing for Christmas. And here is a a professor and he
6:07
says if this spoke, if this person spoke the truth, the
6:10
digital euro would be scrapped. Sadly, it looks like she's
6:14
gaslighting. She said on introducing CBDC.
6:17
Quote, we're waiting on European Parliament to come up with the
6:20
legislation. The sham parliament has no such
6:24
powers. Like again, it's, it's like some
6:28
dystopian type of stuff, man. Like, and I'll connect this with
6:34
the, the, the, the digital speech laws in a second.
6:38
It's all under this veneer of this is for you.
6:42
Like the banknote stuff is hilarious.
6:44
It's like, yeah, you're going to get to design, you know, your
6:47
own Fiat currency to some extent.
6:49
I'm I'm sure, I'm sure there's limitations to it.
6:52
But it, it, it comes with this representation, like the
6:55
justification for their authority and their power is
6:58
that it's for your safety, it's for your own good.
7:01
It's for the protection of democracy.
7:04
It's for the protection of society.
7:06
And I would say one of the most destabilized advising things
7:09
that society has to deal with in the modern age is inflation and
7:14
currency debasement. It literally is the primary
7:16
cause of wealth inequality. And what is one of the primary
7:21
reasons of, of, of societal instability, wealth inequality,
7:25
right? So again, the people that are
7:26
literally responsible, the institutions that are
7:29
responsible for this are the ones coming to you and saying,
7:34
hey, listen, we have a solution. You know, we're all coming here.
7:37
You know, we're all on board. And by the way, we have to
7:40
censor certain types of speech because that's somehow dangerous
7:44
at the same time, like things aren't adding the math ain't
7:48
math in anyways. So what am I talking about?
7:51
Again, Federal Reserve established December 23rd, 3rd,
7:56
1913, December 24th. Again, the dates, the dates, the
8:01
correlation here, I don't think it's a coincidence.
8:04
And then simultaneously, while all of this was happening, while
8:08
Christine Lagarde was making this announcement regarding the
8:11
central bank digital currency, how it's moving forward, how
8:15
she's super excited about it, how that's her top priority.
8:18
You have Ursula von Derlen, who is the, let me be specific here,
8:23
here the president of the EU Commission, which by the way, is
8:27
not democratically elected. She comes out and she says this
8:32
in front of an audience, which again, crazy talk.
8:38
Finally, it takes results. As technology evolves, we need
8:45
to build up societal immunity around information manipulation
8:53
because research has shown that pre banking is much more
8:59
successful than debunking. Debunking is basically the
9:05
opposite of debunking. In short, prevention is capable.
9:13
Perhaps if you think of information manipulation as a
9:15
virus, instead of treating an infection once it has taken
9:21
hold, that is debunking. It is much better to vaccinate
9:27
so that the body is immaculated is the same approach because
9:36
this information relies on people passing it on to others.
9:40
It is essential that people know what the line information's
9:43
influence is and what the techniques are that are behind
9:50
it. But as the knowledge goes up,
9:56
our chances of being influenced goes down.
10:08
And kind of builds up to society with the resilience that we will
10:10
need. So that's OK.
10:11
Let's go through the key phrases there because it's insane.
10:15
Societal vaccination, right? Again, the words here, there's
10:19
no conspiracies, but there's no coincidences.
10:21
Like what? What a specific word that you
10:23
want to use for for censorship prebunking instead of debunking
10:30
what pre bunking infers is we're going to censor certain types of
10:34
information that we deem, by the way, this is an unelected
10:38
bureaucrat that we deem as disinformation.
10:43
And then we're going to define that as information
10:47
manipulation. And then, you know, to add the
10:53
cherry on the top, this is crazy.
10:57
She goes on. She uses, you know, the words,
11:00
right? Freedom of speech is the
11:02
foundation of our strong and vibrant European democracy.
11:06
We are proud of it. We will protect it because the
11:09
EU Commission is the guardian of our values.
11:12
Now, again, going back to what I was saying in the beginning of
11:17
the show when I was saying like, look like this is a way not only
11:23
to steal your money, not only via inflation, but literally
11:28
through direct censorship, direct seizure, but also a way
11:33
for taking away your ability to even bring that to light, taking
11:37
away your ability to even talk about it, right?
11:40
So it's control, complete control over your money.
11:44
And then with these laws, they're based.
11:48
It's a, it's a form of soft power, right?
11:50
It's not direct coercion. It's soft.
11:52
It's soft coercion. It's basically incentivizing you
11:55
not to say anything because if you say something right, your
11:59
money might be at risk. This is the society that they
12:02
want. And here is Alejandro Marinos.
12:05
And he says you froze the bank accounts of Jacquis Bod, a Swiss
12:09
citizen residing in Belgium, and banned every EU business from
12:14
transacting with him such that he can't even buy bread or pay
12:19
rent. And your own rationale is that
12:21
you didn't like what he was saying.
12:23
You did this with no due process, no right of appeal, no
12:27
way to defend himself from your slanderous and ruinous
12:30
accusations. And he's not the only one.
12:33
You obviously have no comprehension of the terms you
12:36
use and what their meaning is and what is the purpose of the
12:40
principles you so easily throw around.
12:43
Unfortunately EU citizens never elected you so they can't
12:47
unelect you. You're you keep turning the EU
12:50
into the USSR until your failed experiment comes crashing down.
12:55
I would make the argument that it's already starting to do that
12:58
and the reason for this. And again, it just goes down to
13:03
markets and, and you know, your belief system is the best way to
13:08
organize a society is through free market capitalism.
13:14
The other option that you have is kind of this top down
13:20
coercive control economic model that again, whether you define
13:25
it from the left wing perspective or the right wing
13:28
perspective is not as efficient at creating wealth than the free
13:34
market. Because ultimately you guys have
13:36
to understand this. A bureaucrat does not create
13:40
wealth. Entrepreneurs create wealth.
13:43
A bureaucrat relies on your taxes for them to get paid,
13:49
right? So you can see where like, the
13:51
incentive structure is, you know, kind of misaligned, right?
13:55
And the more a bureaucrat creates more regulation, more
13:59
red tape, more censorship, the harder it becomes for
14:03
entrepreneurs to start businesses.
14:06
Therefore, entrepreneurs leave. They go to more favorable
14:10
jurisdictions, and then those jurisdictions benefit from them
14:15
creating businesses. You create a business, you
14:18
employ people, and you create tax revenue for the local
14:22
jurisdiction. But the more red tape, the more
14:25
regulation, it's going to go backwards and I'll show you guys
14:29
the numbers. This isn't just me talking from
14:32
an ideological bitcoiners perspective of I love free
14:35
markets and you know, I, you know, money shouldn't be
14:38
controlled by the state, right? But anyways, super, super
14:41
dystopian. And then I'll I'll give you guys
14:43
more examples. Again, all came out December
14:46
24th, 2025, Same day the Federal Reserve was launched.
14:51
Same day that Christine Lagarde goes out in front of a Christmas
14:55
tree telling you how excited she is about the launch of the
14:59
incoming central bank digital currency.
15:02
If you think any of these things are not connected, again, you're
15:06
sleeping at the wheel. You're not paying attention.
15:09
And when we say I'd simply Bitcoin, Bitcoin or slavery,
15:12
this is what we're talking about.
15:14
This is this is slavery in the digital age.
15:18
This is neo feudalism. That's literally what it is.
15:22
They looked at China, they fell in love with the China model and
15:26
they're copying it there. It's like a China light model.
15:29
It's not full China, but it's a China light, right?
15:32
And that's what's happening. Bureaucrats fell in love with
15:34
China, how China was controlling people via central bank digital
15:39
currencies and digital credit scores and digital IDs.
15:43
And they're like, huh, that's a pretty good idea.
15:46
Let's implement that here. And by the way, if you're not in
15:49
the EU, if you're watching from the US, they're trying to do
15:51
that here as well. Make no mistake, there was a
15:54
bill that was passed or, or that was, yeah, it was, it was barely
15:58
passed in the US House of Representatives.
16:01
And it was literally split across party lines.
16:04
Who would be for the federal government launching ACBDC?
16:08
And who would be against the federal government launching a
16:12
central bank digital currency? And you know who and the federal
16:15
government wants to CBDC? Elizabeth Warren.
16:19
And you know who disliked Bitcoin?
16:22
Elizabeth Warren. Why?
16:23
Because Bitcoin provides competition towards a central
16:26
bank digital currency. Anyways, so all of this stuff is
16:30
connected and they're telling you they're very blatant about
16:33
it. All of these announcements are
16:35
coming all on the same day, the day before Christmas, which was
16:39
the same day that they launched the Federal Reserve in 1913.
16:43
Like the symbolism there is gnarly.
16:46
Anyways, so Digital EU says no space for sight.
16:50
Again, this is the excuse, This is the reasoning that they're
16:53
using. Ursula says, hey, this is about
16:58
freedom of speech. Then I read you an example of
17:00
someone who's a victim, right? And then they Co opt the
17:06
wording, they wordsmith the wording, they kind of change it
17:09
around and they use it as justifications for why the EU
17:15
should be censoring and for why the EU should be passing these
17:18
laws in the first place. So they said no space for
17:21
cyberbullying, no space for dangerous products, no space for
17:25
hate speech, no space for scams. Yes, with the Digital Service
17:29
Act, what is illegal offline remains illegal online.
17:33
So at first glance you're thinking, OK, you know, that's
17:40
not a big deal, Nico, she's talking about freedom of speech.
17:44
They're talking about no cyberbullying, no dangerous
17:47
products, no hate speech, no scams.
17:50
I think we can all agree like we don't.
17:52
I think most people, 99% of people are not OK with that,
17:57
right? They're not OK with that.
17:59
The fundamental problem is, and This is why I played you guys
18:02
the video check out. Take a look at the wording,
18:06
prebunking information manipulation, A societal
18:10
vaccination, right? Because we don't want society,
18:13
you know, critically thinking and thinking on their own.
18:17
The problem with that is who gets to decide what is hate
18:22
speech? Who gets to decide what is a
18:26
scam? Because according to Christine
18:30
Lagarde, Bitcoin is a scam, right?
18:34
According to here in the US, right, The samurai wallet thing,
18:39
the samurai wallet developers, what they did was illegal.
18:43
Even though they just developed open source software and the
18:46
majority of people were using it for privacy.
18:49
A very small percentage of people were using it for
18:51
criminal activity, but that software wasn't designed for
18:56
criminal activity. It was just designed for
18:57
privacy. So again, you kind of go down
19:00
this very slippery slope when the government is the one who
19:05
decides what is free speech, what is, what is OK and what is
19:12
not OK. You go down a very, very
19:15
slippery slope once you start heading down in that direction,
19:19
right Here are some of the Bitcoiners responses to this.
19:22
Walker of America says, are EU citizens allowed to say the
19:25
Digital Services Act is regarded?
19:31
Xavier says, have you applied those principles to yourself?
19:35
No space for bullying people with a green or vaccine pass.
19:39
No space for dangerous. I, I don't know if I could read
19:41
all of this stuff, but you guys get the point.
19:44
Like again, it's, it's, it's a double standard to say the
19:48
least. Here's another post regulating
19:51
digital platforms to protect citizens.
19:53
It's always to protect you. You know, the bringing down the
19:57
inflation rate, it's for your own good.
19:59
You designing the euro bill, it's for you, right?
20:03
The EU sovereignty is under threat because of Bitcoin,
20:07
right? It's, it's always because of
20:09
you. It's always, you know, because
20:10
of your own safety. It's always and also too, one of
20:14
the things that I didn't like about that video as well is
20:16
like, I feel like she's calling us dumb.
20:19
Like I feel like she's calling us stupid, right?
20:22
It's like so like you don't trust your own citizens to, you
20:26
know, like think critically and get to decide what information
20:31
is true and what information is not true.
20:34
Like what do you mean pre bunking?
20:36
Pre bunking means censorship. That's what it means because
20:40
they realize that they can't debunk it after because they get
20:45
absolutely destroyed on Twitter, right?
20:48
They just get memed out of existence.
20:50
So they realize like, no, we, we can't compete.
20:53
Our our, our ideas can't compete.
20:56
So what we got to do is we got to censor those ideas before
21:00
they even, you know, come out, right?
21:03
So again, this is some like dystopian 1984 stuff, regulating
21:09
digital platforms to protect citizens, Democratic debate and
21:13
the rule of law is not censoring it is it is responsibility.
21:16
Like like what do you mean? Like that literally contradicts
21:24
itself. How can you have democratic
21:27
debate? How, how could you, how, how can
21:30
you have democratic debate if you're censoring certain type of
21:34
speech, right? How can you have democratic
21:37
debate if you're censoring certain types of speech?
21:39
Anyways, here is doge. You guys remember Doge with
21:43
Elon. And this is what I was talking
21:46
about regarding really the two economic models that we've seen
21:50
in the world. We've seen this top down
21:52
economic model that's run by bureaucrats.
21:55
They, you know, they make regulations, they make the rules
22:00
and the outcomes of that economic, economic model have
22:04
not worked. We have 100 years, I would say
22:07
more than 100 years of information regarding this.
22:11
And then the other economic model, which again, the US is
22:14
not a complete laissez faire, you know, capitalist country.
22:18
It still has a central bank, but again, has significantly less
22:22
regulations and it's much more favorable for entrepreneurs.
22:27
You can start to see the stark contrast in wealth generation,
22:31
right? And this is what happens because
22:33
ultimately you guys have to understand the government does
22:36
not produce anything. The government's form of revenue
22:39
is taxation, and there's two forms of taxation.
22:42
There's taxation via inflation, and then there's direct
22:45
taxation. They can only directly tax you
22:47
to such an extent before people get fed up with it.
22:51
So they kind of use the back door access, which is debasing
22:54
the currency. So Doge the the government
22:57
entity here in the in the US says Europe has 0 Internet
23:01
sector, A stagnant economy, failing industrial base,
23:04
structurally high unemployment, pervasive energy dependency and
23:09
no innovation sector. In order to build any of the
23:12
below infrastructure, Europe will need to deregulate,
23:15
abandoned its nihilistic climate delusions, embrace free markets,
23:20
reduce taxes to competitive global levels, all things the
23:23
Trump administration has repeatedly urged Europe to do
23:27
for their sake and ours. And this is what AEU bureaucrat
23:31
responded. She's the president of the
23:34
Committee on Economic and Monetary Affairs of the European
23:38
Parliament. Again, not a business owner,
23:43
nothing at stake, just a just a bureaucrat.
23:48
Oh so cute. Sorry, but we are free and
23:50
independent continent anyway. The sheer moral panic you
23:54
display whenever we talk about independence from your tech
23:57
sector proves we're on the right track.
23:59
Thanks for proving our point. It's interesting because before
24:03
Elon acquired X they didn't really care about what was
24:08
happening on Twitter. They didn't really care.
24:11
It was after Elon acquired X and I, I, I know a lot of you guys
24:15
aren't the biggest fans of Elon that all of a sudden, you know,
24:18
again, to use Ursula's own words, right?
24:24
All of a sudden you need this societal vaccination, you need
24:27
this pre bunking. All of a sudden information is
24:30
being manipulated without providing examples, right?
24:36
So, like, does information manipulation count when, you
24:40
know, citizens bring up something that makes you look
24:44
bad, But is that information manipulation?
24:47
Again, it's a very, very slippery slope which the
24:50
Founding fathers fundamentally understood this on a core level,
24:54
which is why they made the 1st Amendment, the 1st Amendment,
24:58
And they made it as such because they realized that if the
25:01
government had the ability to determine and define what speech
25:06
is OK and what speech is not OK, they were going to use that
25:10
power, abuse that power in order to remain in power.
25:15
So the First Amendment, they put it there for a reason, right?
25:19
And they wanted basically, and it's not perfect, right?
25:22
It's not perfect. Both systems have trade-offs.
25:26
I would say the free speech system is a much better system.
25:31
Then again a a group of elites getting to determine what you
25:36
can think and what you can say. And then if you say a certain
25:40
thing they shut off your money, right?
25:42
Like the other is freedom of speech, which again can be
25:46
messy. Sometimes people say some rude
25:48
things, sometimes, sometimes people say some nasty stuff.
25:52
But again, at least there's debate, right?
25:54
They're talking about democratic debate.
25:56
That's what the debate is all about.
25:58
It's the debate of ideas. If your ideas not good, it's not
26:02
going to last in the free market of ideas.
26:05
They want to shut that down. A group of bureaucrats in
26:08
Brussels want to get to decide what ideas are good and what
26:13
ideas are bad. And we had an example of an
26:16
entire country that followed that philosophy and ultimately
26:24
collapsed using that top down type of control.
26:29
And of course, I'm talking about the USSR.
26:31
So let's talk, let's compare and contrast the two economies,
26:36
right? So the US is on the top from at
26:40
in 2000. Between 2007 and 2009, the
26:43
European Union, the European Union and the United States,
26:48
their GDPS were essentially equal 14.2 trillion and 14.8
26:55
trillion. Fast forward to 2025, USGDP is
27:02
at 27.4 trillion and EUGDP is at 15.5 trillion.
27:10
So essentially between 2008 and 2025, EUGDP grew from 14.2 to
27:18
15.5 and USGDP grew from 14.8 to 27.4, basically almost doubling,
27:26
right? And just to end it with a meme,
27:29
because I think this meme perfectly encapsulates all of
27:32
the things that I'm saying. Is this mean by Marc Andreessen,
27:37
right? EU is a water bottle with the
27:41
little cap thing to make sure that you don't throw away the
27:43
cap because you know, that'd be polluting and all that stuff.
27:46
And the US, we're literally we're catching rockets with
27:51
giant robot arms and self driving cars.
27:55
And I think that perfectly summarizes it.
27:57
And to loop Bitcoin back into all of this, ultimately what it
28:04
comes down to is, you know, do you want to live in a free
28:10
society where you're allowed to speak freely, You're allowed to
28:14
discuss your idea ideas, you're allowed to give your point of
28:18
view, your perspective? Or do you want to live in a
28:22
society where a group of elites who don't play by the same rules
28:27
get to dictate every facet of your life?
28:31
Those are the two futures ahead of you.
28:35
It's a future of Bitcoin or it's a future of central bank digital
28:39
currencies. There is no in between.
28:42
Make no mistake, that's where the world is heading.
28:46
And the EU is showing you. They're giving you an example.
28:50
So China, you know, was the vanguard for all this.
28:54
They said it. They're like, this is what we're
28:56
going to do. The EU is following in their
29:00
footsteps, and the US is somewhat resisting.
29:03
But this is the world and that I want to lay it on you guys.
29:08
Like, is that a world you want to live in?
29:10
Is that a world you want your kids living in?
29:13
Because essentially what they're saying is they're calling you
29:15
stupid. They're calling you dumb.
29:17
They're basically saying you can't think on your own.
29:21
We actually have to, we actually have to vaccinate the
29:25
information because it's not, it might infect you with bad ideas
29:30
like like that's what they're saying.
29:32
And that's insanity. To me, that's insanity.
29:35
Immediately look like people don't like it.
29:38
Like people don't, you know, people don't follow bad ideas.
29:45
Like like as a whole. Like people aren't like, oh, OK,
29:48
this is a bad idea. Let me just start following it.
29:50
And, you know, like, whatever. No, like ultimately, if you
29:54
leave people to their own devices and you don't baby them
30:01
and they tend to take care of themselves.
30:03
This whole idea of having this giant bureaucratic nanny state,
30:09
I would say has regressed humanity rather than advanced
30:14
humanity because it's created a whole group of people that
30:18
essentially are saying, look like government, please take
30:22
care of me, right. And again, if you have a
30:26
disability or you know, you're in a, in a certain situation, I
30:29
understand that, I get that. But there's a whole lot of
30:33
people that are taking advantage of that system so that they
30:38
just, they don't have to do anything, right?
30:41
So again, this is this is pretty crazy in the EU central bank
30:47
digital currency and passing a law to censor speech.
30:52
And the day before Christmas, which is the same day that the
30:59
Federal Reserve was established. Like you couldn't write this
31:02
story better even if you tried, right?
31:05
So anyways, Bitcoin or slavery. And that's literally the world
31:10
in front of us. Guys, we have a an incredible
31:12
show for you guys. We have Donald Trump getting
31:15
asked a very interesting question in front of reporters,
31:18
talking about housing, talking about how housing is
31:21
unaffordable and talking about how he's in a predicament.
31:25
Interesting clip to discuss. And then we have some news
31:28
coming out of Russia regarding Russia claiming that the United
31:32
States wants to use, you know, wants to do anyways, they want
31:39
to use a a a a a a nuclear, an occupied site to mine Bitcoin.
31:46
It's so crazy. I can't have to read you guys
31:48
the article because I can't even explain it.
31:50
And then in Arizona, Arizona introduces bill to exempt
31:53
Bitcoin and crypto from property taxes, which is pretty cool.
31:58
And then during the culture segment, we got lined up pretty
32:02
interesting from CNNCNN business, which I usually don't
32:06
talk about, but I think it's very fitting for this year.
32:09
The headline is crypto slump may be a cultural problem as much as
32:14
a financial one, and we'll get into that because we have been
32:17
talking about this for many, many weeks now.
32:19
Anyways, guys, it's going to be an incredible show.
32:21
If you guys are enjoying it so far, make sure to smash that
32:24
like button. We're going to be right back in
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anything on the store. At the time of recording, the
35:17
Bitcoin price is $87,250. Block height 929,604, market cap
35:25
1.74 trillion Bitcoin versus gold market cap 5.38% decline
35:30
from all time high -30.8%. And the grand scheme of things,
35:35
guys, we're just getting started.
35:36
I love, I love that this number went down, man.
35:39
I, I love that it went down before.
35:43
If Bitcoin were to catch the market cap of gold, that would
35:46
mean one Bitcoin equals $1 million.
35:48
Right now, if Bitcoin reaches the market cap of gold, one
35:51
Bitcoin equals $1.5 million. So I'll take it.
35:54
I'll take it. We still got a long ways to go.
35:57
95% left until Bitcoin reaches the market cap of gold.
36:01
And I think that's the lowest hanging fruit.
36:03
I think Bitcoin fails if it doesn't at least reach the
36:06
market cap of gold. And again, everyone's really
36:09
depressed right now. Everyone's really, really sad,
36:11
but we're really only down 31%, right?
36:15
If you guys remember previous bear markets, previous cycles,
36:20
you, you, you, you go down 50%, you go down 40%, you go down
36:24
60%. So again, you know, like it's
36:27
really not that big of a dip, right?
36:30
Anyways, guys, I want to play you guys this video of President
36:33
Trump. And he was asked a very
36:35
interesting question in the Oval Office and it had to do with
36:39
housing and it had to do with real estate.
36:42
And again, all of this ties into Bitcoin.
36:44
I'll explain how it ties into Bitcoin, but his response was
36:49
quite interesting. And I'm going to tell you guys
36:51
what to do. I know our demographic, I know
36:53
our our core audience varies. So based on your age, I'll tell
36:58
you what I'm doing, I'll tell you maybe, perhaps I'll give you
37:01
advice. Not, I'm not, I'm not going to
37:03
tell you what to do, but I'll tell you what I'm doing.
37:05
I'll say it like that. And then it's quite interesting,
37:08
the conundrum. And then what is the cause of
37:11
all of this? We'll talk about that as well.
37:14
So anyways, I'm going to play you guys the clip.
37:16
I found it quite interesting and we'll talk about it.
37:20
On housing, you talked in your address last night about
37:22
housing. Are you still considering a
37:24
national emergency over housing? I'm looking at it.
37:26
What would that look like? You know, I have two, There's
37:29
two thoughts on housing. You have a lot of people have
37:32
housing that because we have such a strong time and such a
37:36
strong market, their houses are very valuable.
37:39
It's a big part of their net worth, their house.
37:44
I don't want to knock those numbers down because I want them
37:47
to continue to have a big value for the house.
37:50
At the same time, I want to make it possible for young people out
37:55
there and other people to buy housing in a way they're at
37:59
conflict. In other words, you create a lot
38:02
of housing all of a sudden, and it drives the housing prices
38:05
down. So I want to take care of the
38:07
people that have houses that have a value to, you know, to
38:10
the house that they never thought possible, that have sort
38:12
of made them wealthy and happy and, you know, especially in
38:17
their later years, got to be careful with that.
38:19
I want to keep them up. At the same time, I want to make
38:22
it possible for people to go buy houses.
38:25
Daniel, please. So it's super, super
38:27
interesting, right? Basically saying like, look,
38:31
there is a there is a housing emergency in my opinion.
38:34
But again, that's the perspective of someone who is
38:37
from the younger generations, right?
38:39
I'm a millennial, but you can see the conundrum that President
38:43
Trump is in, right? He obviously wants to do good by
38:47
his constituents. His constituents are, you know,
38:50
Gen. Z ers, millennials, Gen.
38:52
Xers, boomers. Boomers own the majority of the
38:56
real estate. And what he's basically saying
38:58
is like, look, like if we build more houses, the prices of all
39:04
of that real estate is going to go down and the net worth of a
39:08
lot of these older constituents of mine is going to go lower.
39:13
Now, this is what Fiat does. Fiat forces something that
39:20
should be a utility, which is a house is fundamental utility,
39:25
right? You use it to live, right?
39:27
You use it to sleep. You use it to, you know, eat,
39:32
right? But it's a, it's a utility, the
39:34
Fiat system, because it forces you to invest just to, just to
39:39
maintain your purchasing power, has made housing an asset,
39:44
right? So people, if you're, if you're
39:47
wealthy, you park your wealth in real estate and that real estate
39:52
appreciates over time. The value proposition of Bitcoin
39:58
is basically your money. Grows in purchasing power over
40:05
time because it has absolute scarcity, right?
40:08
Bitcoin, there's only 21 million Infinity.
40:12
They're going to keep on printing money Infinity divided
40:15
by 21 million. So the price of Bitcoin
40:18
theoretically should go up over time because it's scarce.
40:23
Real estate is scarce, but again, I think it's an inferior
40:26
asset. Why is an inferior asset?
40:28
You have to pay property tax on it.
40:31
If you're renting it out, you have to manage tenants.
40:34
If something breaks, you got to fix it, right?
40:37
So there's an ongoing cost of maintenance that you have to pay
40:41
on a yearly basis for real estate.
40:44
What is the ongoing cost for having Bitcoin and putting it in
40:48
cold storage? There cost for that, no, right?
40:51
What is more scarce? They could always build more
40:54
houses. Can't make more Bitcoin, right?
40:58
Even with the miners, right? Every four years there's a
41:02
having, so the amount of Bitcoin that's being mined literally
41:05
gets cut in half until the year 2140.
41:08
We still got plenty of time before, you know, that happens.
41:12
So the point I'm trying to make is, in this world of Fiat, where
41:18
because the money is constantly losing value, people seek to
41:23
park their wealth in assets so that their wealth doesn't
41:27
decrease. It's really fucked up.
41:31
Excuse my language, but it really is.
41:34
And it creates situations like this where the president is
41:38
stuck between a rock and a hard place.
41:41
And by the way, Mandami, the mayor in New York, even though I
41:45
don't agree with a lot of his ideological positions, the
41:48
reason he got elected, rightly so, is because a lot of people
41:54
could not afford to live. And again, I don't think his
41:58
solutions are going to work because the, the, the, the, the
42:03
thing that's broken here fundamentally that no central
42:07
banker or politician is going to offer to fix is broken money.
42:12
Broken money is what's causing inflated real estate prices.
42:17
That is what is inflating real estate is because if you're a
42:21
very wealthy person and you have excess capital, you either put
42:28
it into stocks, either put it into gold, or you put into real
42:33
estate. That's what you do, right?
42:37
The Bitcoin proposition's quite interesting, ladies and
42:40
gentlemen, and I'll tell you why.
42:44
All of those things require a level of expertise.
42:47
So like, if you are investing into real estate, you need to
42:53
take the time to understand what, what part of real, what
42:58
real estate are you investing into?
43:00
I'm not talking about your, your homestead.
43:02
I'm not talking about the home that you live in, right?
43:05
You need to be educated and informed on what piece of real
43:09
estate you're buying because you obviously want that piece of
43:12
real estate to go up or you want the rent that someone's going to
43:18
pay for them to live in the piece of real estate that you
43:20
own to give you, you know, between an 8 to 12% return on a
43:25
yearly basis. That is not easy.
43:27
You have to learn that's a skill, right?
43:30
Then there's the stock market, right?
43:33
So if you're a very wealthy person, you pay someone else to
43:37
manage your money keyword, you pay someone else to manage your
43:40
money. So every every year you're
43:42
paying this person for them to manage your money.
43:45
And then depending on your risk tolerance, you know, they give
43:48
you, you know, if you're, if you want to take more risks, right,
43:53
you get up to that 1520% region, but again, very, very risky.
43:57
Or you're more conservative and you're going for, you know, that
44:00
5% to 8% return on a yearly basis, right?
44:05
Or you invest in gold. But gold performed very poorly
44:09
for a decade until this year where it really had a breakout,
44:11
right? The Bitcoin proposition is quite
44:15
interesting because you don't need to be an expert in Bitcoin,
44:19
right #1 you don't need to pay someone to manage your Bitcoin,
44:25
you don't need to maintain your Bitcoin, you don't need to pay
44:29
property taxes on your Bitcoin so far.
44:32
And maybe that will change in the future.
44:33
I have a suspicion they'll try something like that, but not
44:36
yet. So if you out of those things
44:42
up, what it creates is it makes your life a whole lot easier
44:47
because all of a sudden if you you know, if you're someone that
44:50
perhaps you're not very wealthy, but you have a high income and
44:54
you have disposable income on a monthly basis.
44:57
You don't have to become a part time investor.
45:03
You can just focus on your craft, put your excess capital
45:07
into Bitcoin And if Michael Saylors, you know, predictions
45:12
of a 30 to 20% kagar over the next 20 years come true, you're
45:18
going to outperform most real estate and most stock
45:22
investments by a large margin. Like a 30% return on your
45:26
investment on a yearly basis compounded is insanity.
45:30
It's you're never going to get that anywhere else.
45:32
And the plus side is you don't have to pay anyone to do that.
45:35
Of course, this only applies to spot Bitcoin.
45:37
So we're in this situation where there's, there's this so-called
45:41
housing crisis because Fiat money created this housing
45:45
crisis in the 1st place. It forces people to invest to
45:51
maintain their purchasing power. Imagine if, and I know it's hard
45:55
to conceptualize, imagine if you just worked, you used your money
46:00
to, you know, pay for your food, your bills, your taxes, and then
46:06
your savings. You just put it in Bitcoin.
46:10
You don't have to get complicated and say, Oh my God,
46:13
look, let me let me buy this rental property or let me buy
46:17
this. You know, let me, let me put
46:20
some, let me put some money in the S&P 500 or, or actually, you
46:24
know what, let me let me hire this expert so that he can
46:29
manage my money and I can get an 8 to 12% return on a yearly
46:32
basis. All of that goes away.
46:34
What you what what Fiat money has created is something called
46:39
over financialization. Things that are financialized,
46:44
that shouldn't be financialized, that that's what Fiat money has
46:47
created. And the simple mechanism of why
46:50
that was created is again, because you're forced to invest
46:56
just to maintain your purchasing power, which is gnarly nuts.
47:01
Think about it, all the time and energy and effort you put in to
47:06
earning money and that money by design loses value on a yearly
47:13
basis. So anyone who again, has two
47:19
brain cells is going to say, yeah, like I'm, I'm probably
47:23
going to have to do something with that money.
47:24
I can't leave it just in my bank account because it's just going
47:28
to lose value. That is absurd.
47:32
And that's where all the nihilism comes from.
47:35
That's where the lack of hope comes from.
47:37
That's where this like short term, like short term thinking,
47:44
that's where it comes from. It comes from the fact that
47:48
you're stealing people's hope. That's where it comes from.
47:52
And that's where the president is kind of stuck between a rock
47:55
and a hard place. I'm not making an excuse for
47:57
him, but he's like, look like I have a lot of boomers that vote
48:00
for me. They're going to be pissed off
48:02
if all of a sudden we start building a lot of houses and
48:05
then their real estate, the real estate prices come down.
48:09
And then they're going to get mad at me because all of a
48:11
sudden their networks go down. And then, you know, younger
48:14
people are going to get mad at me because like they can't even
48:16
afford to live. How is it that younger people
48:19
are poorer than their parents? If they have, they have less
48:21
opportunity to their parents, even though the world is way
48:24
wealthier? What is going on here?
48:27
It's simple, the broken money. The broken money is messing up
48:31
the incentives and it's creating the situation that we are in
48:35
today. So anyways, once you see these
48:37
videos, once you see videos of Ursula von whatever, and once
48:42
you see videos of Christine Lagarde talking about central
48:44
bank digital currencies, once you see videos of President
48:47
Trump, all of these politicians, you guys have to understand
48:51
something. They're not here to save you.
48:55
Like I love President Trump and his pro Bitcoin policy.
48:58
It's been fantastic. I love Senator Lummis and what
49:01
she's done for the industry. I'm not saying that politicians
49:05
are not important ultimately is president, President Trump that
49:08
got Ross out of prison. But what I'm trying to say is
49:11
that like this revolution is a bottom up revolution.
49:16
It is you, the individual choosing to vote, what you do
49:20
with your wallet and where you want to park your wealth.
49:24
And I promise you that once you put your wealth and your time
49:29
and your energy into something that actually respects your
49:34
time, values, your time, your life's going to change.
49:39
Because all of a sudden your time preference, your ability to
49:44
look out into the future and say, Oh my God, I'm never going
49:48
to be able to afford that thing because it just continues to get
49:51
more expensive. And once you change your mindset
49:55
into a Bitcoin mindset, everything around you is
50:00
trending to 0 as it relates to Bitcoin, including real estate,
50:06
by the way. So if you look at housing prices
50:12
from five years ago, even though housing has doubled since then,
50:18
in Bitcoin terms, housing has actually gotten cheaper.
50:23
So use Bitcoin as your unit of account.
50:26
Don't denominate your net worth in dollars.
50:29
Denominate your net worth in Bitcoin and see everything
50:33
around you get cheaper over time.
50:35
And once the world comes to that realization and hope comes back
50:41
to people's lives and they have the ability to think into the
50:45
future, I think the world's going to be a much better place,
50:49
a much more peaceful place and a much more optimistic place.
50:53
And it's something that Fiat has absolutely stolen from us.
50:57
And the nihilism and the instability that you see in
51:01
today's world, literally the root cause, the source of all of
51:05
that is broken money. So you fix the money, you fix
51:09
the world. It's really that simple.
51:11
All right, everybody, let's get to the news.
51:12
We have tons to talk about. We're going to be right back in
51:14
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code on your screen or check the link in the video slash podcast
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description. All right everybody, let's jump
54:12
into today's news story. I found this quite interesting.
54:17
US reportedly seeking crypto mining access to Russian, Russia
54:22
occupied nuclear site Russian President Vladimir Putin said
54:26
the United States has expressed interest in establishing
54:30
cryptocurrency mining operations at a nuclear power plant.
54:34
The statement came during a recent meeting between Putin and
54:37
Russian business leaders, where he discussed ongoing
54:40
negotiations over the plant's future, according to a report
54:44
from Russia. Russian out from a Russian
54:46
outlet located in southeastern Ukraine, the ZNPP is Europe's
54:52
largest nuclear facility and once played a central role in
54:56
Ukraine's electricity supply and grid stability.
54:59
Since being occupied by Russian forces in 2022, the site has
55:03
become a recurring flashpoint in Democratic in diplomatic
55:07
discussions. The report claims that
55:10
Washington aims to use a proposed stake in the ZNPP for
55:15
crypto mining as part of a wider US Russia talks.
55:19
Moscow and Washington are reportedly discussing a joint
55:22
management plan for the plant For the plant that would exclude
55:25
Ukraine. However, according to the BBC,
55:28
Ukrainian President Vladimir Zelinsky, sorry, President
55:33
Zelensky presented an updated peace plan which included a
55:36
proposal for the US for a tripart agreement for the
55:40
facility. In the agreement, Russia,
55:42
Ukraine and the US will hold equal stakes in the facility.
55:46
So again, I find this super, super interesting.
55:50
Why we know President Trump is, is, you know, all about Bitcoin,
55:55
right? We know his sons have stakes in
55:58
Bitcoin mining companies. And I find it hilarious that now
56:04
in geopolitical conversations or negotiations, you know, Bitcoin
56:10
mining is being brought up as as part of it.
56:13
Like they're negotiating for this power plant in the middle
56:16
of Ukraine. They're basically saying, like,
56:18
look, actually we want some of that electricity to mine Bitcoin
56:22
with it. Like, that is hilarious.
56:24
I mean, if you think that, you know, if that is not an
56:28
indication of Bitcoin's success, the fact that it's being in like
56:34
it's be Bitcoin is being discussed in peace negotiations
56:41
between the United States and Russia.
56:44
I, I, I again, I think you have your head in the sand like this.
56:47
This is crazy. If you would have told me this
56:49
was a reality again, you know, two years ago, three years ago,
56:53
four years ago, I, I would have just been, I, I would have said
56:56
that, that that's unbelievable. And this is what actually Max
56:59
Kaiser said when he was talking about the global hash war, like
57:02
he, he called himself, he said, look, listen, there's gonna be a
57:05
global hash war. And that global hash war is
57:07
basically countries competing for the hash rate and the amount
57:10
of Bitcoin that they can mine. And, you know, and again, that's
57:13
because of Bitcoins incentives. And I just, I don't find it
57:18
hilarious. You know, it's very sad that
57:19
there's a war going on and stuff.
57:21
I hope the war ends soon. But I do find it, you know, I do
57:26
find it interesting. I'll leave it like that.
57:28
That part of the new part of the negotiations are, hey, you know,
57:32
part of this nuclear power plant that we're thinking about
57:35
splitting between the United States and Russia or potentially
57:38
splitting it between Russia, Ukraine and the United States.
57:41
Part of that energy is gonna be used to, you know, to to
57:48
contribute to the hash rate. Like that's hilarious.
57:50
I'm sorry. I don't know how else to say
57:52
that. There's another news.
57:54
Also, Arizona introduces bill to exempt Bitcoin and crypto from
57:58
property taxes Arizona State Senator Wendy Rogers has
58:02
introduced a package of legislation aimed at reshaping
58:05
how digital assets are treated under state and local tax law,
58:08
renewing A broader push by some lawmakers to position Arizona as
58:13
a jurisdiction with cleaner and more favorable rules for crypto
58:16
currencies and blockchain infrastructure.
58:18
In bills pre filed with the Arizona Senate, Rogers proposed
58:22
amending statues to exempt virtual currencies from
58:25
taxation, prohibiting countries, cities and towns from taxing or
58:30
fining entities that operate blockchain nodes, and advancing
58:34
A constitutional amendment to clarify how digital assets fit
58:37
into Arizona's property tax framework.
58:40
The measures take different procedural paths.
58:43
SB1045, which focuses on protections for blockchain node
58:47
operators, could move through legislation, become law if
58:51
approved by law makers and signed by the government.
58:54
So all quite interesting. Again, I'm, I'm putting these
58:57
two like articles back-to-back to show you guys that despite
59:03
this 30% draw down, you know, and this uncertainty that we see
59:08
and this complete lack of interest from retail bitcoins
59:13
here to stay guys like it. It is so entrenched in local
59:18
politics and geopolitics, you have presidents of some of the
59:23
most powerful countries, no, the most powerful countries on the
59:26
face of the planet name dropping it left and right.
59:29
And and again, I know this article said cryptocurrency, but
59:32
guys, what's the only like actual legitimate proof of work,
59:37
You know, cryptocurrency that exists today, the one that
59:39
you're actually going to be able to make any type of money on the
59:42
only one that exists is Bitcoin. Ethereum migrated to proof of
59:45
stake, right. So again there this is this.
59:48
Is. The United States and Russia are
59:51
like, actively negotiating on, you know, this nuclear power
59:55
plant. And the United States allegedly,
59:58
according to Vladimir Putin, is saying that they want to use
1:00:02
some of that energy to mine Bitcoin with it, like, and
1:00:06
Trump's kids own, you know, a mining company, right?
1:00:11
You couldn't have written this better yourself if you tried
1:00:14
anyhow. Guys, we're going to get to the
1:00:16
culture segment, a very interesting article by CNN,
1:00:20
which I think I really want to talk about because this year I
1:00:25
think a lot of things were forgotten.
1:00:27
The first thing that was forgotten is I think a lot of
1:00:30
people forgot why we are here, why we're here for Bitcoin, what
1:00:33
the point of this Bitcoin revolution is all about, what
1:00:36
we're fighting for. In the intro of the show, I laid
1:00:39
it out for you guys regarding the CBD CS, regarding Christine
1:00:42
Lagarde, regarding what they want for the world.
1:00:46
But I think that this year a lot of people forgot because of the
1:00:50
involvement of institutional players.
1:00:53
So because of the involvement of, you know, of, of Wall Street
1:00:58
and these ETFs and these Bitcoin treasury companies, I think
1:01:01
people forgot like, you know why they're here.
1:01:05
I think people ultimately forgot, you know, what Bitcoin
1:01:08
fixes because if you're buying a, a, a, a Bitcoin treasury
1:01:13
company or an ETF, you're not contributing to the revolution.
1:01:18
The only way to contribute to the revolution is buying spot
1:01:22
Bitcoin and taking that Bitcoin into self custody.
1:01:26
If not, Bitcoin fails. If not, our mission fails,
1:01:29
right? And also you should be running a
1:01:34
node at this point. Also, there's a link in the
1:01:37
video description. It it's so easy these days you
1:01:40
can buy a a pre built node. I recommend the start 9 and
1:01:45
literally you know, you can be running your own version of the
1:01:48
Bitcoin software and your own copy of the Bitcoin blockchain,
1:01:52
right? So you don't have to trust
1:01:53
someone else's copy every time you send out a Bitcoin
1:01:56
transaction, right? That's how you you truly become
1:01:59
financially sovereign, right? That this is what this show is
1:02:01
all about. So you know, don't forget, you
1:02:04
know why we're here. And I think that this year a lot
1:02:06
of people forgot why we're here. A lot of people came for the
1:02:10
gains and they left, right when I came into this, you came for
1:02:15
the gains and you stayed for the revolution.
1:02:17
This year was the exact opposite.
1:02:19
People came for the gains and then they left and they
1:02:22
completely forgot about the revolution.
1:02:23
We got to reverse that. So anyways, I found this article
1:02:26
quite interesting. And also we're going to be
1:02:28
giving away some Sats through the Bitcoin well wishing well a
1:02:33
game. So it's going to be great guys.
1:02:35
So stay tuned. We're going to be right back in
1:02:37
just a little bit. Here we go.
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All right, everybody, we are back, ladies and gentlemen,
1:04:41
let's let's jump straight into this and then we're going to be
1:04:45
giving away some sad and we're going to be wrapping up today's
1:04:48
show for the week. It's been a long week.
1:04:52
Anyways, let's jump straight into it.
1:04:55
CNN usually don't like CNN articles, but let's check this
1:04:58
one out. Crypto slump may be a cultural
1:05:01
problem as much as a financial one.
1:05:04
What do they mean? Crypto managed to make it
1:05:07
through the year without a seismic collapse or major, major
1:05:10
scandal, already spinning it and framing in a certain way.
1:05:13
But whatever will take it. Yet it's still shaping up to be
1:05:16
one of the industry's worst year.
1:05:19
Until October, Bitcoin had been riding high, hitting a peak of
1:05:23
126,000, up more than 30% since January.
1:05:26
But a combination of forces has wiped out all of the bellwether
1:05:30
token gains for the year. It's now down 7% since January,
1:05:34
badly underperforming the S&P 500.
1:05:39
There are no more boogeyman for the industry to blame.
1:05:42
The Biden era regulators that suppress crypto's expansion in
1:05:45
the US are long gone, replaced by an openly pro crypto regime
1:05:49
appointed by the self styled crypto president.
1:05:52
Congress is advancing industry approved legislation.
1:05:55
Institutional adoption has surged, bringing in billions
1:05:59
through Bitcoin ETFs, and still crypto can't seem to find its
1:06:03
footing. After holding somewhat steady
1:06:06
around $90,000 level in recent weeks, another steep sell off
1:06:09
sent Bitcoin tumbling to around 86,000.
1:06:12
We're roughly at that level right now.
1:06:14
If Team Crypto is looking to point a finger for this bear
1:06:17
market, it might consider it might consider a mirror.
1:06:20
There are technical reasons for the slump, most notably an
1:06:23
extreme buildup of leverage positions, speculative bets that
1:06:27
can be turbo, that can turbocharge gains but come with
1:06:30
extreme downside risks. There were they were liquidated
1:06:34
in an early October flash crash. But the protracted slump appears
1:06:38
to be about more than just a hangover from that crash.
1:06:42
Risk appetite hasn't gone away as the tech heavy NASDAQ has
1:06:46
done even better than broader stock market.
1:06:49
So why are investors shunning this particular flavor of risk?
1:06:52
One explanation is that cryptoculture has refused to
1:06:56
grow up, and it's keeping would be investors on the sidelines.
1:07:00
Looking back on a year when crypto advocates got everything
1:07:04
they could have dreamed of from a legal and regulatory
1:07:07
standpoint, the industry still hasn't figured out what to do
1:07:10
with its problem child. The scammers, thieves, Internet
1:07:14
trolls who haven't got in the memo that crypto is trying to
1:07:17
clean up its act. Over the summer, meme coins
1:07:21
pushers claimed responsibility for an orchestrated effort.
1:07:24
I can't read that. What if you guys saw it on
1:07:28
screen? Then there are garden variety of
1:07:30
scammers who find in in crypto and means to separate people
1:07:34
from their money via crypto ATM schemes and an epidemic that has
1:07:39
cost Americans more than $330 million this year.
1:07:43
And in extreme cases, there's kidnappers.
1:07:47
None of that means investors. Crypto investing is wrong, per
1:07:51
SE, but it's certainly not reassuring, particularly for
1:07:54
those who may have bought Bitcoin near the peak just a few
1:07:58
months ago and are now sitting on giant losses.
1:08:01
Quote retail. Investors are teetering between
1:08:03
their fear of missing out on a juicy investment and concerns
1:08:07
about the unsavory aspects of crypto quote.
1:08:10
Such investors will invariably amplify the volatility of crypto
1:08:14
prices in both directions and I think that's what we're seeing
1:08:17
right now Bitcoins rally sparked by President trump's re election
1:08:21
attracted new investors to crypto who cared more about the
1:08:25
number going up than the cultural or political
1:08:28
associations. But when the financial upside
1:08:31
began to sour, there wasn't a lot keeping investors in the
1:08:36
market. So this whole article, this
1:08:42
reason I wanted to bring it up is this part right here.
1:08:47
And the reason for that is simple.
1:08:48
Guys like I, I remember, at least when I got into this game,
1:08:53
you know, there is this meme. It, it, it was much more
1:08:57
militant, like people understood what was at stake.
1:09:02
You know, now it's playing out like I in the intro segment.
1:09:06
If you guys were tuned in when I was talking about what's
1:09:10
happening in the EU regarding the CBD, CS, the digital
1:09:13
identity in the social media censorship, like people forget
1:09:21
like and it seems like this year people really forgot.
1:09:26
The amount of people that are taking self custody is down.
1:09:31
The amount of times that I've heard people selling their
1:09:34
Bitcoin and just exchanging it for ETFs is is high and, and
1:09:40
people forgot like this is not the energy that I felt when I
1:09:46
got in. Like we really thought we were
1:09:47
going to change the world. And if you take a look at the
1:09:51
earlier Andreas videos and how inspiring they were, like a lot
1:09:59
of that's been gone. And you know, here at Simply
1:10:03
Bitcoin, we're going to continue to beat the drum and tell you
1:10:07
guys, you know why you're ultimately here.
1:10:10
It's like, yeah, OK, number goes up, that's fine.
1:10:13
But you're here to change the world.
1:10:17
And I and I want you guys to remember that you are here to
1:10:21
change the world. And all you got to do to
1:10:23
participate in changing the world for the better for future
1:10:27
generations is by buying Bitcoin, earning Bitcoin, mining
1:10:32
Bitcoin, and putting that Bitcoin into self custody.
1:10:34
That's really it, right? So you know it it we did this
1:10:39
article framed it perfectly. We got everything we wanted.
1:10:43
I think This is why I was so bullish on Bitcoin in the
1:10:46
beginning of the year. Like we really did get
1:10:48
everything we wanted. We got a pro Bitcoin present in
1:10:52
the White House. We got Ross Olbrich freed.
1:10:54
We got an executive order talking about a strategic
1:10:57
Bitcoin reserve. We got all of these things, but
1:11:05
number never went up. And because number never went
1:11:08
up, people lost enthusiasm and they got bored and they just
1:11:14
didn't want to do it anymore. And you're seeing that like
1:11:20
retail is literally gone. It does not doesn't even see
1:11:25
Bitcoin as a as a thing, right? 2017 was all about retail. 2021
1:11:30
was all about retail. Retail, this cycle non existent,
1:11:36
it's all been about ETFs and institutions acquiring Bitcoin
1:11:41
and that's not how things change.
1:11:43
So, you know, perhaps it was naive of us to think that things
1:11:47
are going to change. Perhaps bitcoiners didn't take
1:11:50
into account human nature, but I refuse to believe that.
1:11:57
So don't forget why we're here. We're here to fix the money, fix
1:12:03
the world. And the way that you do that,
1:12:05
it's by taking Bitcoin into self custody and and if enough of us
1:12:10
do that, we win. And there's absolutely nothing
1:12:13
they can do about it. It's as simple as that.
1:12:15
It's really not rocket science. Anyhow, I do want to give away
1:12:21
some sats to wrap up today's show.
1:12:23
If you guys you guys have stayed tuned for this long.
1:12:27
Smash that like button. Consider subscribing.
1:12:29
Really, really helps with the channel.
1:12:31
But this is the Bitcoin Wishing well.
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When you go to bitcoinwell.com and use promo code simply or you
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you go to bitcoinwell.com/simply to get signed up.
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But we're going to play actually, since it's Friday,
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we'll, we'll toss a couple coins into the wishing well.
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So we're going to, we're going to toss one coin.
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And first person who scanned that has won 549 SAT.
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one 521 SAT's. Let's do it one more time, just
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in case. One more time.
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First person to scan this with their lighting wallets has one
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426 SAT's. Again, you get 3 tosses for free
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if you go to bitcoinwell.com/simply if you
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use that URL and Sign up today. If you guys enjoyed today's
1:13:52
show, you know what to do, Smash the like button.
1:13:54
Consider subscribing. We'll be back next week, Opti,
1:13:57
you'll be back from vacation. I hope, hope you guys had a
1:14:01
very, very happy Christmas, a very Merry Christmas with your
1:14:04
family. I wish you guys all the best on
1:14:07
this holiday season and I am you know, let's 2026 is just around
1:14:14
the corner. So I hope you guys have a
1:14:16
fantastic weekend. I think this is the last weekend
1:14:19
of of 2025. So I hope you guys have a
1:14:23
fantastic weekend. Hope you guys enjoy it with your
1:14:26
friends with your family. You're taking some time off and
1:14:30
we love you guys. It's simply we wouldn't be here
1:14:32
without you. We appreciate you all and we'll
1:14:36
see you guys on Monday. Take it easy, everybody.
1:14:39
Today's episode was brought to you by bitcoinwell.com, a
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Bitcoin only platform on a mission to enable financial
1:14:45
independence.