Latest / Simply Bitcoin / BREAKING: Blackrock JUST DROPPED A $600T BOMBSHELL | EP 1268

Transcript

BREAKING: Blackrock JUST DROPPED A $600T BOMBSHELL | EP 1268 · Simply Bitcoin

• 0:00
  So we all know that the traditional capital markets are
• 0:03
  bigger than one quadrillion dollars.
• 0:06
  That's 1000 trillion for those at home.
• 0:09
  But what have we told you that an insider from BlackRock, an
• 0:13
  $11 trillion giant, just openly said that coin is going to
• 0:18
  replace this 1000 trillion dollar market?
• 0:22
  Now again, we know it sounds crazy, but we have a clip coming
• 0:26
  directly from a Black Rock insider that we're going to play
• 0:29
  for you guys right now. What advice would you give to,
• 0:34
  you know, sort of the rest of the financial universe that are
• 0:36
  thinking about getting into this space now?
• 0:40
  It's a great question. I, I, I think from our lens,
• 0:45
  it's a, very, what I'm going to say is going to be very simple.
• 0:50
  Executing it is extremely hard. So I, I, I recognize that.
• 0:54
  But to us it's very basic. You basically have a new set of
• 0:58
  exposures. The real utility and unlock is
• 1:02
  to be able to put them in the whole portfolio.
• 1:06
  And interestingly enough, I think you could turn the
• 1:08
  telescope around also and say ultimately how do you put these
• 1:13
  capital markets exposures in digital wallets and how do you
• 1:18
  go? So if you think about the bridge
• 1:19
  strategy of this alternate digital asset universe and
• 1:23
  bringing it to the capital markets, I think it's it's naive
• 1:29
  to assume and and this doesn't have to be in a month, but if
• 1:33
  you look out over time, it's naive to assume that you don't
• 1:37
  also have to think through how do you bring the traditional
• 1:40
  capital markets to this alternative universe.
• 1:43
  And I think both connection points we'll define the next.
• 1:47
  Decade. I couldn't agree more and.
• 1:49
  The best example of it by the way.
• 1:50
  Was the ETFs. So we got all thrown a curveball
• 1:53
  in the last minute. There were no in kind creates.
• 1:56
  And so we were forced to try and figure out how to make old world
• 1:58
  meet new world, right. And so hopefully in the in the
• 2:01
  next version thereof, we're going to have more of a
• 2:03
  synthesis of those two things. So yeah, you're spot on.
• 2:06
  I agree with that. Dude, I just think people are
• 2:14
  right now kind of like not eternalizing what these huge
• 2:18
  asset managers are saying, Opti. I mean, again, there was the
• 2:22
  guys a little bit monotone. I don't want to dunk on him too
• 2:26
  much, but he said Bitcoin's essentially going to come and
• 2:29
  replace, replace the entire global capital markets.
• 2:34
  And again, this is 1000 trillion dollars in size today.
• 2:38
  And I think a lot of us, Bitcoin is in particular, we're getting
• 2:41
  just lulled to sleep with this sideways price action.
• 2:44
  And we're not paying attention to not only what the big boys
• 2:48
  are saying, but also the supply suffocation that these public
• 2:52
  companies and even ETFs are creating right now in the space.
• 2:56
  I think before we OK there Optia, I want your thoughts on
• 2:59
  that clip from that BlackRock insider.
• 3:02
  Yeah, 100%. So I mean, first of all, we've
• 3:04
  been saying for a long time here at Simply Bitcoin, I think
• 3:07
  everyone on Twitter has been saying something very similar.
• 3:10
  A lot of the things that BlackRock is saying, it is very
• 3:13
  interesting when you've been around the block for a long
• 3:16
  time, because we've been saying these things for years at this
• 3:19
  point, especially when the ETFs came out and, and they even kind
• 3:22
  of mentioned it when they were just talking in the clip, the
• 3:25
  host, he was essentially saying, like, you know, when the ETF was
• 3:28
  launched, we did kind of get blindsided by no in kind
• 3:30
  redemptions. But we also knew that when the
• 3:33
  ETF and the institutional capital came into Bitcoin, then
• 3:37
  a whole new wave of, you know, quote, smart money, the, the
• 3:40
  really expensive rich suit guys are coming into the space.
• 3:44
  The really smartest people out there are going to start
• 3:46
  explaining what Bitcoin is. And I think we're starting to
• 3:49
  see that. I know there's a lot of concern
• 3:51
  amongst Bitcoiners whether Larry Fink is actually a Bitcoin or
• 3:54
  he's just here for the games, he's just here for the fees.
• 3:57
  But it is kind of becoming more convincing over time that
• 4:01
  BlackRock is here, not just for the games, because obviously
• 4:05
  that's what they're here for, but secondly, because they are
• 4:09
  starting to see the writing on the wall.
• 4:10
  And we've been talking about this for a while.
• 4:12
  And depending on who you're listening to out there on
• 4:14
  Twitterverse or even on YouTube, it is becoming very clear that
• 4:19
  BlackRock themselves are the biggest institutions in the
• 4:21
  world right now are looking for, for lack of better terms, like
• 4:25
  diversified portfolios. You know, they're looking for
• 4:27
  alternatives here. Again, if you are these people
• 4:30
  at the very top, you are probably seeing the same thing
• 4:33
  that Luke and I and everyone the chat is seeing.
• 4:36
  There's something fundamentally either wrong in the system or
• 4:40
  there's a potential catastrophe on the horizon.
• 4:43
  And I think This is why BlackRock has sent out their
• 4:47
  suit coiners, you know, sent out their marketing team to
• 4:49
  essentially start to shield Bitcoin to everyone because
• 4:53
  they're they're essentially projecting to their clients
• 4:56
  right now that, hey, look, we don't know what's going to
• 4:58
  happen. We obviously don't want to
• 5:00
  essentially yell fire in, in, you know, while we're trying to
• 5:04
  leave the exit door here, but we want to preemptively kind of get
• 5:09
  our customers and clients familiar with this idea of you
• 5:14
  need Bitcoin. Remember in the beginning, Luke,
• 5:16
  I, I'm pretty sure it was BlackRock.
• 5:18
  It was that it was definitely a BlackRock report, but they
• 5:20
  started out with saying something ludicrous like you
• 5:23
  need 80% of your assets in Bitcoin.
• 5:25
  And we were search researching this and like, whatever happened
• 5:27
  to that 80% prediction here? Or rather, you know,
• 5:30
  recommendation of this is how much allocation you should have
• 5:33
  the Bitcoin. And now they kind of moved it
• 5:35
  back to like 1-5, maybe 10% here.
• 5:38
  So you're starting to see that they are nudging their customers
• 5:41
  towards Bitcoin, you know, an alternative, decentralized,
• 5:45
  permissionless, censorship resistant money.
• 5:48
  Because there is obviously a lot of economic uncertainties in the
• 5:52
  market right now, whether it's, you know, global crises, whether
• 5:56
  it's the bond markets blowing up, there is a lot of unknown
• 5:59
  unknowns right now. And you know, if you were around
• 6:02
  for the 2008 crisis, you probably don't want to catch
• 6:06
  yourself in the same position with your pants down.
• 6:09
  And now that we have Bitcoin, literally Bitcoin was created
• 6:12
  after that event, you're kind of at at the very least, getting
• 6:17
  your customers, getting the markets familiar with what
• 6:20
  Bitcoin is so that they can essentially protect themselves,
• 6:23
  but also so that you can protect your Moat here.
• 6:25
  And again, Larry Fink has been out here basically saying, oh,
• 6:28
  we're going to 700 K soon. So again, the marketing team is
• 6:31
  here and they I think are are getting more bullish as the days
• 6:36
  come, as the blocks come in, they're like, yo, I really do
• 6:40
  believe this is going to go absolutely crazy.
• 6:43
  And so, hey, look and further, actually let me just pull up the
• 6:46
  chart because it does seem like the suit corners out there love,
• 6:51
  love the phrase. Now I'm, I'm gonna, I'm gonna
• 6:53
  constantly use it. Are actually reading the
• 6:56
  Bitcoin, you know, literature, the Bitcoin data.
• 6:59
  They're they're probably on Bitcoin Twitter with us.
• 7:01
  They might even be a non for all we know.
• 7:04
  But he's literally saying what Jesse Crease's or sorry, Jesse
• 7:07
  Myers, AKA Crease's Bitcoin has been saying on Twitter for a
• 7:10
  long time. And we've been using this chart
• 7:13
  on the show. Everyone on Twitter is kind of
• 7:15
  talking about it as well. This is the trajectory that
• 7:18
  we're talking about here. Of course, if you aren't
• 7:21
  familiar with this, I, you must be new here because we, we
• 7:24
  constantly all Bitcoiners parade this chart out there because
• 7:28
  this is the end game. Again, whether you say Bitcoin
• 7:31
  is half of every transaction, half of all the value in the
• 7:33
  world, or you say, hey, you know, we're just going to go
• 7:36
  towards the gold market cap, the bond market cap, etcetera.
• 7:39
  Or you're going as bulltard as the BlackRock COO here saying,
• 7:43
  hey, you know, it's going to eat up as much of the capital
• 7:47
  markets as possible. The truth and the facts remain
• 7:50
  the same. Bitcoin is just .2% of global
• 7:52
  wealth. It's a $2 trillion market cap.
• 7:55
  And now we have the best marketers out there shilling
• 7:57
  Bitcoin, talking our bags and essentially saying what US
• 8:00
  bitcoiners have been saying forever.
• 8:02
  It's just no longer, you know, Luke and I or Nico and I or
• 8:06
  dudes in a hoodie talking about it.
• 8:08
  It's the guys in the expensive suits out there basically saying
• 8:11
  what we've been saying forever. There's 1000 trillion or one
• 8:15
  quadrillion of global capital and Bitcoin is going to eat a
• 8:19
  significant chunk of this. So, well, I find it very
• 8:21
  interesting, Luke, that of course, we have these people
• 8:24
  that are obviously more well versed with the traditional
• 8:27
  financial system, essentially embracing Bitcoin, essentially
• 8:31
  giving us the stamp of approval and saying, hey, yeah, actually,
• 8:34
  guys, I know we've been kind of saying that Bitcoin, you know,
• 8:38
  is hacker money, criminal money. But now you're starting to see
• 8:43
  the headlines. They're saying it's a pivotable,
• 8:46
  A pivotable macro asset in the world right now.
• 8:49
  And if it's not a part of your portfolio, you might not make it
• 8:53
  through the turmoil that we might see on the horizon in the
• 8:55
  next decade, 2 decades, etcetera, because we all are
• 8:58
  again, seeing a monetary paradigm shift happening in real
• 9:03
  time. And as we all know here, Bitcoin
• 9:05
  is going to be at the heart of this.
• 9:07
  We are seeing, as they said in that clip, the old world collide
• 9:11
  with the new world or the analog world collide with the digital
• 9:15
  world. And they are trying to find
• 9:17
  bridges to this. Now, are all these products
• 9:19
  going to work? Is this going to be, you know,
• 9:22
  a, a cakewalk? I highly doubt it.
• 9:24
  We've also, Luke's seen, you know, Blackrock's been talking
• 9:26
  about tokenizing all the things recently.
• 9:28
  And it does sound like that's what he was kind of saying
• 9:30
  there. But one point remains the same.
• 9:34
  A shit ton of capital is going to get unleashed into Bitcoin.
• 9:38
  And of course, we're all in it for the tech guys.
• 9:41
  I know we're all in it for the tech here, but number has to go
• 9:45
  up at a certain point. And I got a good clip from Matt
• 9:47
  Hogan. We're going to follow up this
• 9:48
  segment with kind of explaining or answering the question.
• 9:51
  We're all wondering why isn't the price going up?
• 9:54
  Well, I think it's just the demand, or rather the
• 9:58
  information hasn't fully seeped into the market.
• 10:00
  People fully don't understand what's going on here.
• 10:03
  A lot of people are in denial that we are in a paradigm
• 10:06
  shifting moment in the world and all the different crises,
• 10:10
  whether you know, it's the stuff going on in the Middle East,
• 10:13
  whether it's the economic turmoil, people are panicked
• 10:17
  right now. Or rather, you know, we talk
• 10:19
  about retail is essentially living paycheck to paycheck, you
• 10:22
  know, doing layaway on their burritos, literally financing
• 10:26
  their air Uber Eats orders right now.
• 10:29
  It's like there is a lot of pain in the system right now.
• 10:32
  And of course, as we always say, the way to avoid the pain is by
• 10:36
  saving in Bitcoin. It's by becoming a Bitcoiner and
• 10:39
  taking that Bitcoin into custody.
• 10:41
  So Luke, I kind of ranted there a little bit, but it's all
• 10:45
  pointing towards the same thing. It's going into Bitcoin
• 10:48
  eventually. Do we know the timelines?
• 10:49
  No, as this was saying, there it is.
• 10:54
  You know, it's going to take a while, but we are starting to
• 10:57
  see the train move. And as Lynn Alden has been
• 10:59
  saying, nothing stops this train.
• 11:01
  You know, it's more of a locomotive than it is a bullet
• 11:04
  train. So, you know, patience, guys.
• 11:08
  And we'll put the suit coiners on the locomotive and the
• 11:11
  Bitcoiners need to get on the bullet train the the suit
• 11:13
  cleaners, they're coming. I've never heard that one
• 11:16
  before. But again, I think that's the
• 11:18
  signal here. Like Bitcoin's got the biggest
• 11:21
  total addressable market of any technological innovation we've
• 11:25
  ever seen before in human history.
• 11:27
  Like, again, a lot of people thought the light bulb was big,
• 11:30
  but it's Tam was like, what, 5 percent, 10% of the global
• 11:34
  economy? A lot of people thought that
• 11:36
  Henry Ford's automobile was a massive revolutionary invention,
• 11:39
  and it was. But it was only disrupting the
• 11:42
  automobile industry. Bitcoin is disrupting goddamn
• 11:47
  everything. I mean, think about that for a
• 11:48
  minute. Money is literally 1/2 of every
• 11:52
  every, every transaction. And BlackRock is openly saying
• 11:55
  the quiet parts out loud. Now.
• 11:57
  There's a 1000 trillion dollar market. 1 quadrillion dollars.
• 12:01
  That's how big the total capital markets are all around the world
• 12:05
  and Bitcoin is coming for that. I think, Okti, you mentioned a
• 12:08
  really interesting paper earlier as well.
• 12:11
  And I wanted to just kind of double click on that one because
• 12:13
  again, let's not forget what Black Rock wrote in 2022, that
• 12:17
  portfolio recommendation that was actually for their private
• 12:20
  clients. I believe their private clients
• 12:22
  got their hands on that first before it was made public and
• 12:27
  and they openly said look over a decade time horizon between the
• 12:32
  year 2011 and 2021 the optimal portfolio allocation was 84.9%
• 12:41
  Bitcoin and then 15% stocks and bonds.
• 12:44
  Think about that for a minute. The entire world has operated
• 12:48
  under this premise or this thinking that 6040 is the
• 12:52
  optimal portfolio allocation, 60% of my money in bonds, 40% in
• 12:57
  the more risky stuff, equities, and you know this is the optimal
• 13:02
  portfolio allocation. BlackRock just flipped that onto
• 13:05
  head with that 2022 paper and said look, that's the trash.
• 13:09
  Stocks and bonds only put 15% of your money in that.
• 13:14
  The optimal allocation over the past decade was 85% Bitcoin.
• 13:19
  Again, just think about that for a minute.
• 13:21
  I think CS in the chat is saying shaking out the letters hands.
• 13:25
  That's exactly what we're seeing right now.
• 13:27
  I popped a little with Opti and I were discussing the chart of
• 13:31
  Bitcoin before we got on this live stream and we were just
• 13:33
  like, dude, where is the crash that everybody's talking about?
• 13:37
  Is it in that little tiny purple box in the top right hand corner
• 13:40
  of the chart? Opti, where is it?
• 13:43
  I don't know. I don't see it.
• 13:44
  I don't feel it. I'm pretty I'm pretty numb to
• 13:46
  the price movements of Bitcoin these days.
• 13:49
  Like I'm again, I'm just waiting for Bitcoin to repeat what it
• 13:53
  did in 2017 when I I first kind of felt some tinglings in my
• 13:58
  never regions again, I found Bitcoin in 2017 and when I got
• 14:02
  into the space, it ripped from $1000 to 20,000 in nine months.
• 14:06
  Let me tell you that was a rally.
• 14:08
  And since then I don't think we've seen a bull run.
• 14:10
  So all these short term price movements, movements, they're
• 14:13
  just kind of like noise. Like I just, I don't feel it.
• 14:18
  I don't feel it. What about are you up to you?
• 14:19
  Are you freaking out right now? You let us hand in like a Dave
• 14:23
  Portnoy dropping his Bitcoin like this.
• 14:25
  No bro, again the metric that I just saw this morning.
• 14:32
  I forget the exact number of days, but Bitcoin has been above
• 14:36
  100K for 38 days. I believe that's the longest
• 14:40
  time it's been above 100K. And there were headlines.
• 14:43
  I, I joke actually, me and Nico always joke with Luke about him.
• 14:46
  His alt account over at Forbes is doing a really good job of
• 14:51
  trying to create the FOMO for Forbes digital assets.
• 14:54
  And he did this article this morning and it was something
• 14:58
  about Bitcoin price crash or something like that.
• 15:02
  And he was saying something on the lines of, oh, Bitcoin had a
• 15:06
  violent crash to 100K. And I'm like, what are you
• 15:11
  talking about? Like this was not a violent
• 15:13
  crash. It was what, like a two 3% move
• 15:16
  here? Like we bit corners, don't get
• 15:18
  out of bed for a two 3% move here.
• 15:20
  Like we've gone through 80% decline.
• 15:23
  Do you think A2 3% above 100K is really affecting Bitcoiners?
• 15:28
  People that understand we're in a monetary paradigm shift moment
• 15:32
  like, or as Croesus likes to say, a once in a lifetime moment
• 15:37
  around money. Like we're still above 100 Ki
• 15:40
  know if you look at the short term price movements, it is very
• 15:45
  easy to get bored. Like, I'll be honest with you, I
• 15:47
  I kind of got bored with 100K like one day after we broke it,
• 15:51
  you know, we were sitting in our chat for, for the simply Bitcoin
• 15:54
  Slack. And we're sitting there like,
• 15:56
  you know, I'm hanging out the zoomers and we're we're, we're
• 15:59
  just like, yeah, bro, we did it. And then we all, well, rather
• 16:03
  maybe not the zoomers, but like Nico, myself and like probably
• 16:07
  Luke, we were sitting there. It's like, well, we were
• 16:09
  promised 100K in 2021 and it's 2024 and of course we knew we
• 16:14
  were going to get there. But now we're like, when are we
• 16:18
  going to a million? You know, we were literally that
• 16:20
  meme and I was talking to my buddy Shao.
• 16:22
  You, you guys know, simply Bitcoin's unofficial official
• 16:24
  trainer. And he was like, we were
• 16:27
  literally that meme where you're like staring at the computer and
• 16:29
  it's like 99 K. It gets to 100K and you're like,
• 16:32
  woo. And then it gets to one O 1K and
• 16:35
  you're still back like, OK, I think, I think it's very easy to
• 16:39
  zoom in on the short term price predictions.
• 16:40
  And of course, like a two 3% move in S&P 500 in traditional
• 16:45
  stocks. That's a good thing.
• 16:47
  You know, they, that's all they they look for two, three 5%
• 16:50
  moves in gold. The boomers are ecstatic.
• 16:53
  Us bitcoiners were like, dude, 2% like this is boring.
• 16:57
  Everyone is wondering are we going to get parabolic runs
• 17:01
  anymore? I think it's happening.
• 17:03
  I I'm still fundamentally a bullet hard and I think they are
• 17:08
  happening. I think we are going to see
• 17:10
  again, you know, not to do the speculation of what this cycle
• 17:14
  is going to hold out, but I'm starting to feel like we're
• 17:16
  going to get a 2017 ish blow off top in the end of this year.
• 17:22
  November, December. I, I, I think that I think it's
• 17:26
  aligning up perfectly. I think these cycles are getting
• 17:28
  stretched out a little bit as more capital comes in.
• 17:30
  Actually, Luke, will you pull this pull?
• 17:33
  Wait, you might have to refresh or exit this.
• 17:35
  Yeah, just re refresh this real quick.
• 17:38
  Yeah, we're going to take a peek.
• 17:39
  What year do you want to look at?
• 17:40
  Just I want the whole thing. Just put it in, put it in log
• 17:44
  again. You're on log.
• 17:45
  Yeah. So yesterday, if you watched
• 17:47
  yesterday's show on the cycles, we were kind of talking about
• 17:51
  the Sailor cycle. And you know, just looking at
• 17:56
  this this morning, it it, it is starting to look like that.
• 18:00
  Like look it after 2023. As we were saying, the Super
• 18:04
  cycle is here. The structure looks
• 18:08
  fundamentally different from 2023, the back half of this
• 18:12
  chart than it did in the first part of this chart.
• 18:15
  Now, I don't believe the cycles are over.
• 18:18
  I think we will see a parabolic run, but you can see it's doing
• 18:21
  that stepwise function that we're all kind of thinking will
• 18:24
  potentially happen. And as Luke was saying, it does
• 18:28
  feel like we haven't had a bull run.
• 18:31
  We never, we haven't had a bull run since 2021.
• 18:34
  And that was a disappointing 1. So yeah, we're due, bro.
• 18:39
  We're due for an epic run here. But again, don't over leverage
• 18:43
  yourself. Be humble stacks that stay
• 18:45
  solving all those good things. But I am starting to get more
• 18:48
  bullish, Luke. I am.
• 18:49
  I'm starting to get even more bullish.
• 18:52
  Every day that it doesn't pump is just telling me it's going to
• 18:55
  pump even harder. Yeah.
• 18:57
  Well, I mean, to the earlier point that you made, a lot of
• 19:00
  people they're speculating is this cycle different?
• 19:04
  I know we've got some data we want to cover in the back half
• 19:06
  of this show to actually prove that yes, it is fundamentally
• 19:10
  different. But before we get there, just on
• 19:12
  the Sailor cycle thesis, I think it's really interesting.
• 19:15
  Again, I, I don't believe in any of these models.
• 19:20
  I think it's crazy that people can look at three data points on
• 19:26
  a chart and claim that they've found the secrets to the
• 19:30
  universe and the math and the science of Bitcoin is all a
• 19:33
  power law because we have had three data points of Bitcoin
• 19:37
  crashing 80% and moving in these waves.
• 19:40
  I just don't buy that. I just don't buy that.
• 19:43
  So I love the idea of a Sailor cycle.
• 19:45
  I think it's far more rooted in reality than something like the
• 19:50
  power opinion or a stock to flow chart for example.
• 19:54
  I think again models are a great tools to bring people into the
• 20:00
  Bitcoin space. But I think they're not.
• 20:03
  They're not phrased and explained with the caveats that
• 20:06
  I think they need. Like the reason why Bitcoin
• 20:09
  trends up and to the right forever is because it's
• 20:12
  absolutely scarce. And again, a lot of these
• 20:14
  models, they don't come with a caveat of, hey, we don't know
• 20:17
  where the price of Bitcoin is going to go, but it is going to
• 20:19
  trend in this up and to the right direction for the
• 20:22
  foreseeable future because of its underlying fundamentals.
• 20:26
  It's got 21 million Bitcoin. Again, I don't know why I don't
• 20:29
  hear this narrative talked about so much in the power opinion
• 20:33
  space. I think it's because they
• 20:35
  fundamentally ignore supply and demand.
• 20:37
  Again, my biggest gripe with the power law is that pre 2020, from
• 20:42
  2008 to 2020, we were in a fundamentally different
• 20:45
  environment for Bitcoin. 90% of the coins, the total Bitcoin was
• 20:50
  mined in that 12 year period. So we saw about 17 to 18,000,000
• 20:54
  coins mined before 2020 and all that happened was Bitcoin was
• 20:59
  put onto the exchanges. So if you have a look at the
• 21:01
  number of Bitcoin exchanges pre 2020, it only grew for 12 years.
• 21:06
  It peaked at about 3.1 million in early 2020.
• 21:09
  And pre 2020 we had no billionaires, public
• 21:13
  corporations, private corporations, pension funds, all
• 21:16
  nation states buying Bitcoin. And I think post 2020, we're in
• 21:19
  a completely different realm. Not only is a lot less Bitcoin
• 21:24
  being mined 164,000 a year, but we're seeing coins on exchange
• 21:30
  leave. They've been persistently
• 21:32
  leaving the exchanges for five years now.
• 21:35
  And we've also seen OTC desks. They just got drained by what
• 21:39
  80% over the past three years. And we now have demand coming
• 21:44
  from the billionaires. So I again, I just my biggest
• 21:47
  gripe with this cycle discussion is that 12 years of data pre
• 21:50
  2020, we're not in that world anymore.
• 21:55
  We, we, we are in a completely fundamentally different regime
• 21:59
  for Bitcoin. It is no longer retail plebs
• 22:02
  just moving the price of Bitcoin and very predictably creating
• 22:05
  these big parabolas that always happen because again, retail is
• 22:08
  retail. They don't think about when to
• 22:11
  buy Bitcoin. They don't just hit the big
• 22:13
  smash buy green button. You know, like Michael Saylor's
• 22:17
  doing things differently to what these guys are doing when they
• 22:19
  buy Bitcoin on exchange. So yeah, I, I just think we're
• 22:23
  going to see a depth. I again, I'm not ruling out the
• 22:26
  fact that we top it $200,000 and just by coincidence we have
• 22:30
  another 80% correction. I'm not saying that's
• 22:33
  impossible. What I'm saying is I don't know
• 22:35
  what's going to happen. But when I see everybody on one
• 22:38
  side of the boat saying I know exactly what's going to happen,
• 22:41
  it's following a power law, that's when I think, hang on a
• 22:44
  minute, Markets, traditional markets, not just Bitcoin, but
• 22:49
  all markets, they always punish the consensus view.
• 22:53
  And the consensus view is, oh, you know, we're seeing
• 22:57
  diminishing returns, bro. Bitcoins is going to top at like
• 23:00
  150 to 200,000. It's going to hit the top, you
• 23:03
  know, top standard deviation ban on a power law just because I
• 23:06
  made it up and it's going to crash 70% again.
• 23:08
  And then you're going to be able to multiply your bitcoins by
• 23:11
  buying back at 80,000. It's too easy.
• 23:14
  I, I just don't think it's too easy.
• 23:16
  We saw the same thing happen with stock to flow in 2021.
• 23:20
  Again I got crucified in 2021 for saying this model is going
• 23:24
  to break. It was the most unpopular
• 23:27
  opinion in Bitcoin saying the stock to flow is BS.
• 23:31
  And again I got crucified for months if not years for having
• 23:34
  that opinion and it eventually broke.
• 23:36
  And I think a lot of people lost a lot of money because they were
• 23:39
  expecting Bitcoin to hit 288,000 because a magical model
• 23:42
  predicted it, right? Again, I think the fundamentals
• 23:45
  are what's more important, and that's what we continue to hit
• 23:47
  on here at Simply Bitcoin. We show you guys the news and
• 23:51
  the underlying fundamentals that I think day after day brings
• 23:55
  U.S. data to suggest that things are becoming more and more
• 23:59
  unlike previous cycles every single day.
• 24:02
  What do you think, Opti? Are you bullish from the Sailor
• 24:05
  cycle? I'm starting to be more bullish
• 24:08
  on the sailor side. I I'm like a molder from
• 24:11
  X-Files. I really want to believe.
• 24:13
  I I want to believe. I really want to believe this is
• 24:15
  going to happen. Will it be this cycle or in four
• 24:19
  years from now? I don't know.
• 24:20
  But at a certain point it will break.
• 24:23
  And as we've all been saying, you know, we will see at some
• 24:27
  point or I personally believe, you know, this isn't a statement
• 24:30
  of fact here, this is an opinion.
• 24:32
  But I do believe we will see the S curve adoption play out.
• 24:35
  And as we covered yesterday, and as Adam Back's been tweeting and
• 24:39
  some OG's have been tweeting, the S curve is very steep.
• 24:43
  And I don't think we've seen the total adoption of Bitcoin yet.
• 24:47
  I, I forget what the number is, but from the metrics I remember
• 24:50
  they're saying around, you know, 3%, three to 5% of the global
• 24:54
  population is, is in Bitcoin or has Bitcoin exposure or even
• 24:58
  shit coin exposure. And I would argue that even a
• 25:00
  smaller percentage of those people actually understand what
• 25:04
  is going on here. So I, I don't think we're at,
• 25:07
  we're at full capacity here. I, I think it's just starting
• 25:11
  and you know, we're going to have to huddle our asses off
• 25:14
  here like it's going to get harder because it's going to get
• 25:17
  crazier as things start to blow up, as there's more uncertainty
• 25:20
  in the world. This Bitcoin is going to be a
• 25:24
  vacuum and suck up so much liquidity, so much capital that
• 25:29
  I, I'm with Luke. The old cycles are going to look
• 25:33
  like kids play to what's coming. I'm just fully convinced of this
• 25:36
  to do I know when. No, of course not.
• 25:39
  But even when we talk about these predictions, you know, a
• 25:42
  lot of people like to use models, like I remember using
• 25:44
  the Plan B model in 2018, you know, 2020.
• 25:47
  And like we're going, we're going forever and then basically
• 25:51
  trying to sell Bitcoin at the top to my friends.
• 25:54
  So, you know, all models are broken.
• 25:56
  But like they do help us kind of understand what's going on, help
• 25:59
  us build our conviction, you know, maybe, maybe kind of low
• 26:03
  key wreck your friends for like a month or two.
• 26:05
  But like as long if they held, they would be good.
• 26:07
  And my friends that did held are happy they held.
• 26:10
  So, you know, I, I think it's all part of the marketing around
• 26:13
  Bitcoin. But yeah, I'm starting to get
• 26:15
  bullish. One day, Luke, we will see this.
• 26:17
  All we know is it's going up forever, up and to the right.
• 26:22
  A quadrillion worth of world capital has to get into 21
• 26:26
  million coins or even less. You know, 1516 depending on
• 26:31
  estimation. So I don't know, I don't know
• 26:33
  about you guys, but it seems like Bitcoin is going to the
• 26:37
  moon at some point. So you better strap in.
• 26:39
  It's going to get crazy, simply divided.
• 26:42
  Well, what's going on here? All right, anyways, guys or Luke
• 26:45
  jump in and then let's let's keep it moving because you did
• 26:47
  mention the reasons for why we think this time might be
• 26:51
  different and I have the perfect clip to play there.
• 26:53
  Yeah. Just quickly, all I'll say on
• 26:55
  that point, Opti is as we're going to talk about later is we
• 26:59
  got a quadrillion dollars of value that wants to flow into 21
• 27:03
  million coins. But as we're going to have a
• 27:05
  look at, I don't think all 21 million Bitcoin are going to be
• 27:08
  available for sale in the future.
• 27:10
  And there's actually going to be a lot less Bitcoin available for
• 27:13
  sale than most people couldn't I think ever imagine.
• 27:16
  But I'll save that for a minute. Yeah, I think you kind of laid
• 27:20
  it out last time you were on this show.
• 27:21
  So, but yeah, we'll, we'll talk about that towards the wrap up
• 27:24
  of the show 'cause there has been a whole new breed of FUD
• 27:28
  around Bitcoin treasuries. And hey, we might, we're kind of
• 27:30
  been a part of it. We're like, you know, it seems
• 27:32
  like the new shit coin cycle, but the legacy media is starting
• 27:37
  to catch on to it. Anyways, before I move on, I do
• 27:39
  want to remind you to smash the like button.
• 27:41
  It really helps us in the algos. And of course, if this your
• 27:43
  first time here, hit the subscriber button.
• 27:46
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• 27:51
  the Bitcoin news and of course big shout out to our boys over
• 27:55
  at the Bitcoin Well. Go sign up to
• 27:59
  bitcoinwell.com/simply and use the promo code Simply to get 5.
• 28:05
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  love these guys the most is because they never hold on to
• 28:18
  your Bitcoin. They have never lost a SAT.
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• 28:24
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• 28:30
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• 28:35
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• 28:41
  On that note, guys, let's get into some more bullish
• 28:44
  explanations of why we haven't seen the price start ripping
• 28:48
  yet. I want to tell you guys about
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  our sponsor stamp seed. Is your Bitcoin and cold storage
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  Paper sucks. You want to literally stamp your
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  seed into this plate of titanium.
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  Your words are actually stamped into the metal plate with this
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  waterproof, non corrosive and most importantly, because this
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  not allowing you to huddle your Bitcoin for the long haul.
• 29:58
  I mean, here is the plate that they crushed, they put in water,
• 30:03
  they put a blowtorch to it. And as you can see, the words
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• 30:18
  today. All righty then.
• 30:25
  Wow, look, that was that was cinematic right there.
• 30:30
  OK, we're over here on Clark Wendy's dashboard, of course,
• 30:32
  going over the Bitcoin numbers and the current Bitcoin price is
• 30:36
  103,620. Guys, it's absolutely over.
• 30:39
  We are a decline from all time high at -7 1/2%.
• 30:44
  It's over. Wrap it up.
• 30:46
  We had a good run. It's going to 0.
• 30:48
  No, I'm I'm trolling obviously. And the stats for dollar AKA how
• 30:52
  much Bitcoin you can buy for for a single dollar.
• 30:54
  Again, you don't have to buy a whole Bitcoin.
• 30:55
  You don't have to spend $103,000 to get Bitcoin.
• 30:59
  You can literally get 965 SAT's per dollar.
• 31:03
  But of course you know, buy as much Bitcoin as you can.
• 31:05
  If you do have 103 K liquid right now in cash, I would say
• 31:09
  buy the Bitcoin. This is the best move you can
• 31:11
  make. And of course, the block height,
• 31:13
  which might be the most important number here it is
• 31:16
  TikTok next walk Bitcoin working exactly as designed.
• 31:18
  We are currently at 901,651 and the market cap and Fiat terms we
• 31:24
  have claimed reclaimed the $2 trillion market cap, 2.06
• 31:28
  trillion. And you know, I'm just going to
• 31:30
  wrap it up with the total percentage issued ever.
• 31:33
  As we just said, there's probably millions of Bitcoin
• 31:36
  lost and we have currently have issued 94.66%, or rather the
• 31:42
  Bitcoin network has released about 94.66% of all the Bitcoin
• 31:47
  that would ever be created. Now, as I was telling you, you
• 31:50
  know, this time does feel different.
• 31:53
  We don't know yet, but everyone's wondering the same
• 31:55
  thing. Hey Opti.
• 31:56
  Hey Nico. Hey Luke, you guys are covering
• 31:59
  all this bullish news. Why isn't the Bitcoin price
• 32:02
  ripping and what's the price going to do by the end of this
• 32:06
  year? Well, Matt Hogan from Bitwise, I
• 32:09
  think, perfectly explains what is going on here.
• 32:12
  So let's check this out. Yeah, our prediction is that
• 32:16
  bitcoins going to eclipse, get over $200,000 by the end of the
• 32:20
  year. What's happening right now is
• 32:22
  you have a huge amount of good news in Bitcoin.
• 32:25
  You have AUS strategic reserve where the government now owns
• 32:28
  Bitcoin. You have improvements on the
• 32:30
  regulatory front. You have institutional adoption.
• 32:33
  You may be wondering why aren't prices higher?
• 32:35
  The reason is we've had a bunch of economic uncertainty that's
• 32:38
  caused not just Bitcoin, but all risky assets to fall.
• 32:42
  Stocks are down substantially, so the market has dipped.
• 32:46
  But I think over time, as that economic volatility subsides,
• 32:51
  you're going to see all that good news catch up to Bitcoin
• 32:53
  and it's going to propel it to do all time highs and indeed
• 32:56
  above $200,000 for the year. What do we have to see?
• 32:59
  Like, is there a sign that we have to see for all that to
• 33:02
  happen? Yeah, there are two things to
• 33:04
  keep your eye on SO1 Bitcoins price is set by supply and
• 33:07
  demand. And we all know the supply,
• 33:08
  right? There'll only be 21 million.
• 33:10
  We only make 165,000 new ones a year.
• 33:13
  So you have to watch the demand. The three things to watch our
• 33:15
  ETF's gaining inflows are corporations like MicroStrategy
• 33:19
  and Metaplanic continuing to buy Bitcoin and our governments
• 33:22
  buying Bitcoin. If those three things happen, I
• 33:26
  think the $200,000 target is a lot.
• 33:28
  So I would keep your eye on that.
• 33:30
  It would help if the economy improves, if we don't enter a
• 33:33
  recession, that would help. But it's really about does the
• 33:36
  demand materialize in the way I think it will.
• 33:38
  Every sign that I see suggests that ETFs are buying,
• 33:42
  corporations are buying, and governments are buying.
• 33:44
  That's why I'm so bullish. But they have to keep buying in
• 33:47
  order for us to get to that $200,000 target.
• 33:49
  They said they keep on buying. At what scale are you talking
• 33:52
  about? Yeah.
• 33:52
  So last year ETFs bought half a million Bitcoin.
• 33:55
  Again, remember, the Bitcoin network only produced 165,000
• 34:00
  Bitcoin. So it bought three times the
• 34:02
  total supply. Corporations bought 250,000
• 34:06
  Bitcoin. Governments I think this year
• 34:08
  could buy a couple 100,000 Bitcoin.
• 34:10
  So I think if you look at those three sources, I think they'll
• 34:13
  buy more than a million Bitcoin this year.
• 34:16
  And where is it going to come from?
• 34:17
  The only place it can come from is people who already hold
• 34:20
  Bitcoin. The only way they will sell is
• 34:22
  if the price goes up. That's why I'm so bullish on the
• 34:25
  market. Now, that last point, I think
• 34:28
  it's lost on a lot of people. As we've been telling you, the
• 34:32
  majority of coin is being held by individuals or even
• 34:35
  institutions or the Michael Saylors of the world.
• 34:38
  And there's only one way to incentivize us to sell that
• 34:41
  Bitcoin, or rather, you know, secure some of our purchasing
• 34:45
  power if you don't like that phrasing.
• 34:46
  And that's for the price to go up.
• 34:49
  Now we did mention a couple of metrics to watch.
• 34:51
  And so I want to bring those up so we can kind of Fact Check
• 34:54
  this in real time and show you what we're seeing.
• 34:57
  Of course, he talked about the ETF inflows.
• 35:01
  Now I'm over here on coinglass.com/bitcoin Dash ETF.
• 35:05
  You guys can follow along at home or rather maybe bookmark
• 35:08
  this and follow along moving forward.
• 35:11
  It'll tell you the daily inflows to ETFs again by the day with
• 35:15
  every ETF. And you can see there's been
• 35:18
  some red days here. But as you can see on the bottom
• 35:20
  total Bitcoin spot ETF net inflow, as he said, as long as
• 35:24
  this number continues to increase, he will be bullish on
• 35:28
  the price because of course, that's the institutional retail
• 35:31
  capital appetite for this new asset emerging asset, of course,
• 35:37
  Bitcoin. And you can see the heat map.
• 35:39
  If I I wouldn't, I wouldn't suggest you buy the ETS.
• 35:42
  But if you, if you want to buy one of them, you'll, you can
• 35:45
  follow along at home. They'll also show you the
• 35:47
  outflows. So there have been some red days
• 35:49
  here. Obviously, there's been a lot of
• 35:51
  turmoil. If you've had your head in the
• 35:53
  sand the last couple of weeks, there's kind of a lot of crazy
• 35:56
  stuff going on right now. Bond markets are blowing up,
• 36:00
  even increased tensions in the Middle East.
• 36:02
  We're seeing all kinds of crazy stuff right now domestically in
• 36:05
  the US and of course, internationally.
• 36:08
  We are in kind of a boiling point right now and we don't
• 36:12
  know what will break, but hopefully the break is to the
• 36:15
  upside and that's the Bitcoin price ripping now.
• 36:18
  This is Luke's favorite site here.
• 36:20
  The other thing he mentioned was the fact that if you see
• 36:25
  corporate Bitcoin treasuries acquiring more Bitcoin, then
• 36:28
  that is bullish. Now you can see all time here on
• 36:31
  bitcointreasuries.net. It is increasing, it has been
• 36:35
  increasing, it is going up. Of course, they own roughly 3.44
• 36:38
  million coins by the day and we'll cover this towards the end
• 36:42
  of the show. By the day, we're seeing new
• 36:44
  Bitcoin treasury companies emerge.
• 36:47
  It's seeming like everyone is trying to play Hungry Hippo
• 36:50
  soon. So those metrics, as he said,
• 36:53
  are increasing. And I've been saying for a
• 36:56
  little bit, it does feel like my My Oracle prediction of 200 Ki.
• 37:02
  I'm starting to be more convinced of it by the day.
• 37:05
  Now, the one thing he did say was nation states buying.
• 37:10
  We haven't really heard any news there.
• 37:12
  We still don't know if the US or China holds all the coin they
• 37:17
  claim. You know, where are the audits,
• 37:19
  bro? What's going on here?
• 37:21
  But when that does happen again, we do have to do a little hat
• 37:25
  tip to Trump to essentially announce that they wanted to
• 37:30
  acquire Bitcoin, setting the game theory off.
• 37:32
  Now, once someone starts to aggressively stack besides El
• 37:36
  Salvador and Bhutan, this is when things get crazy.
• 37:41
  This is when you start to see the hard limit of Bitcoin
• 37:45
  21,000,000 start to sink in because again, it's everything
• 37:49
  divided by 21 million. It's got to explode.
• 37:54
  Now I'm with Matt here. You know, it's just that the
• 37:57
  asymmetric information out there, especially stark contrast
• 38:01
  to what's going on in the economy and all the crises going
• 38:04
  on, there is a lot of uncertainty.
• 38:06
  But once people start to realize there's no reason to panic, or
• 38:09
  rather maybe panic 1st and get into Bitcoin very quickly, this
• 38:13
  stuff has has to start ripping like never before.
• 38:16
  It's gonna RIP anyways. Yeah.
• 38:19
  Someone say AKA 4 turning vibes. Yeah, I fully endorse this.
• 38:25
  What's your thoughts on this clip?
• 38:27
  Yeah, I think 4th turn in, that's a great comment by Thomas
• 38:30
  in the chat. This is just another reason why
• 38:33
  I think trying to model the price of Bitcoin moving forward
• 38:36
  in the next decade, it's going to become more and more
• 38:38
  unpredictable because again, Bitcoin kind of evolves in what
• 38:41
  I think is kind of like the quiet era of the fourth turn in.
• 38:46
  So again, I think the authors of the book make the case we
• 38:48
  entered it in 2008 and again, this is like a 22 year chapter.
• 38:52
  So if we are living in a fourth turn in, we'd be looking at 2008
• 38:56
  to 2030. But it's at the very end of the
• 38:59
  fourth turning that gets most volatile.
• 39:01
  Again, we're in 2025, five more years to the end of the fourth
• 39:05
  turning when we're supposed to see a complete RIP down of the
• 39:09
  system and new institutions being built.
• 39:12
  So again, I think things are going to get more interesting.
• 39:15
  Things are getting more volatile.
• 39:16
  I love how bullish Matt Hogan is getting from Bitwise there
• 39:21
  essentially saying $200,000. It's a lock.
• 39:24
  You can lock it in, baby. That's nice.
• 39:25
  I think most people would take that to the bank and I typically
• 39:29
  agree with him. Again, we don't make short term
• 39:31
  price predictions here on the show and I never do because I'm
• 39:34
  always wrong. But I, I do think like $200,000,
• 39:38
  it's pretty conservative for the next year, you know, 12 month
• 39:42
  kind of outlook, especially when you consider all of the bullish
• 39:45
  developments and all of the accumulation that's going on
• 39:49
  right now. Because I think optive right
• 39:51
  now, I think we're seeing something that I've never seen
• 39:54
  before in a bull cycle and that is how rapidly this accumulation
• 39:58
  is just increasing day after day.
• 40:01
  Yeah, I mean, the craziest part or the craziest number, and I
• 40:04
  think you might have been the first one to kind of mention
• 40:06
  this to me. And then Sailor again went on
• 40:09
  the Bitcoin 2025 conference and actually ever every appearance
• 40:12
  said since has been saying the same thing.
• 40:14
  You know, there's only 450 Bitcoin released into the world
• 40:18
  a day roughly, You know, I think what, 45 to $50 million a day as
• 40:25
  Matt Hogan was saying, You know, that the ETFs bought essentially
• 40:28
  3 years of the total Bitcoin supply and it only kind of hit
• 40:33
  what, 70100K? Like the math isn't mathing with
• 40:38
  all of these supposed billion dollars of liquidity coming into
• 40:42
  Bitcoin. Of course, in Fiat terms, it
• 40:45
  doesn't make sense unless there's just an insane number of
• 40:49
  paper Bitcoin sales out there. Like if these if they're not
• 40:53
  actually buying Bitcoin, then we could be in a worse position
• 40:56
  than we saw from FDX. But from what I've been seeing
• 40:59
  in the data and check Matey and others on Twitter, they are
• 41:03
  actually acquiring that Bitcoin. Now, of course, there's some
• 41:06
  rotation here that that is just, you know, financial trickery
• 41:10
  that's probably kind of keeping the price in a, for lack of
• 41:13
  better terms, like a suppress channel here.
• 41:16
  But at a certain point that does break who's going to be the the
• 41:21
  buyer that basically breaks the the camel's back here.
• 41:24
  What's going to be that one defining moment to RIP it this
• 41:27
  bull market? We don't really know.
• 41:29
  But as Luke's kind of been saying, though, I did do a
• 41:32
  report with Gemini and they're saying, you know, all the
• 41:35
  Bitcoin exchange losing Bitcoin is really kind of like it's
• 41:40
  getting filtered into the ETS. It's kind of just getting
• 41:42
  circled. But there will be a point where
• 41:46
  the supply demand economics play out and the price has to give
• 41:50
  and that's to the upside. I think we are starting to get
• 41:53
  to the point where we are exhausting all of the sellers
• 41:56
  out there. We're we are seeing that the
• 41:59
  price is it's holding really strong above 100K.
• 42:01
  Again, a great metric is this the longest time it's been above
• 42:03
  100K? We forget how these cycles play
• 42:06
  out because it's been so long. You know when it wicked to 20 K
• 42:09
  was there for like I forget 4 hours or something.
• 42:12
  You know, the first time we broke 70K it wicked there for
• 42:15
  about a day. The first time we broke 100K it
• 42:19
  kind of wicked there for a little bit, then it retraced and
• 42:22
  now we are holding a solid support at 100K.
• 42:27
  It's hard not to feel bullish It it's hard to understand how it
• 42:30
  the price isn't ripping as well. So you know, I do like how Matt
• 42:34
  Hogan's getting more and more bullish.
• 42:36
  I think everyone is getting more and more bullish.
• 42:38
  The longer I said it earlier today, the longer the price
• 42:41
  stays at these levels, the harder it has to RIP it just I
• 42:45
  can't see it any other way. I just jinxed it RIP.
• 42:48
  Actually, it's dumping, it's going down.
• 42:52
  We're going to get cheap shats on discount.
• 42:55
  It's not going up, man it. Has to go up eventually and this
• 43:00
  is where the math will be forced to math.
• 43:03
  As you said there Opti, I think the price will finally reflect
• 43:09
  the underlying demand when there's no Bitcoin left on
• 43:12
  exchanges. I think until then we're going
• 43:14
  to continue to see paper games. We're going to continue to see
• 43:18
  the OTC desks drained of Bitcoin.
• 43:22
  I think this is something that maybe doesn't get talked about
• 43:24
  enough like the entities who have been quietly accumulating
• 43:28
  Bitcoin since 2020, they're not just going on Coinbase and Smash
• 43:32
  buying a billion dollar buy. They're buying it very
• 43:35
  methodically. They're buying it very
• 43:37
  carefully. They're, you know, as Michael
• 43:40
  Saylor described when he first talked about how he initially
• 43:44
  bought thousands of Bitcoin for micro strategy back in 2020,
• 43:48
  He's placing hundreds if not thousands of buys every day
• 43:52
  using this automated software that slowly but surely is buying
• 43:55
  Bitcoin minute by minute by minutes, not triggering the
• 43:58
  price to aggressively gap up in any way, shape or form.
• 44:03
  So what we're seeing is price not react in a violent manner to
• 44:07
  the supply suffocation that we've seen.
• 44:10
  But all we have seen is the OTC desks decreased by 80% and 35%
• 44:15
  of the Bitcoin on exchanges has decreased by 2020.
• 44:18
  And I think again, for the next two years, maybe it's three
• 44:22
  years, who knows, but I think there's a good case to be made
• 44:26
  that we're not going to see any really violent rips or moves in
• 44:30
  Bitcoin until that supply on the exchanges is drained and it's at
• 44:35
  0 now. I'm not saying we can't rally to
• 44:37
  304 hundred $500,000 while we still have Bitcoin on the
• 44:41
  exchanges. I think we can.
• 44:43
  That's like my base case for probably the next 12 to 24
• 44:46
  months. We RIP into the three, four,
• 44:49
  500,000. But I just think the real big
• 44:51
  move happens once, no Bitcoin on exchanges.
• 44:54
  And when I say real big move, I'm not talking about $100,000
• 44:57
  rallies or $100,000 candles, talking about $1,000,000
• 45:01
  candles. That's when the real fun
• 45:02
  actually begins. And I think that's the move that
• 45:06
  most people expect to be happening right now with the
• 45:10
  amount of adoption we're seeing around the world.
• 45:13
  I think I, I'm shocked we're still at, you know, $100,000.
• 45:17
  I think it's purely because of the methodical nature and the
• 45:21
  methodical methods that these big guys use to buy their
• 45:24
  Bitcoin. That's why we're not seeing
• 45:25
  price just RIP overnight. Yeah, 100% I I totally would
• 45:31
  agree with that. It's I, you know, I again, I
• 45:34
  really want to believe the what, what do we call them?
• 45:36
  Godzilla, Omega God candles. I, I forget what they're called
• 45:40
  now, but one day it will be true.
• 45:42
  And I think Hoddle said it the best.
• 45:44
  He's like when I first got in the Bitcoin, I think he said it
• 45:47
  was like 600 bucks or 200 bucks or something.
• 45:50
  And then later on, the Bitcoin price would move 200 bucks and I
• 45:53
  wouldn't be phased. You know, if you got in Bitcoin
• 45:56
  at 1K, it was huge. And then Bitcoin price moves in
• 46:01
  one K, you know, variations a day and you don't really care.
• 46:05
  You know, you get in at 10K, it's huge moment.
• 46:08
  Like Bitcoin kind of trends a little bit.
• 46:10
  I remember it hit 10K for the first day.
• 46:12
  It dropped to 9 K. And we're like, Oh my God, it's
• 46:15
  over. And now Bitcoin, you know, did
• 46:17
  its couple 10K fluctuations here.
• 46:21
  Well, you know, extend that down the line.
• 46:23
  We did hit 100K. There will be a day when Bitcoin
• 46:27
  fluctuates 100K a day and etcetera, etcetera, etcetera.
• 46:32
  Bitcoin is again just the global vacuum for capital right now.
• 46:37
  It's the black hole and this is the opportunity for you to
• 46:41
  stack. This is why we're here.
• 46:43
  This is why we are still kind of called idiots.
• 46:45
  I was actually going to put on the numbers, guys.
• 46:47
  There was a clip from like 20, I forget 2023 I think when Bitcoin
• 46:51
  crashed 6.5. It was like on Netflix and the
• 46:54
  guy was like making fun of us and like, oh, bit corners are
• 46:57
  dumb, you know? Well it's like how, how, how
• 46:59
  about them apples? Do you like these apples?
• 47:01
  We're at 100K106K and who's laughing now?
• 47:06
  Like this is just a part of being a bit corner.
• 47:08
  We are idiots for three years and then we got about like 3
• 47:11
  months where we're geniuses out of a four year cycle.
• 47:15
  Well, it'll be very obvious that Bitcoiners are correct, that
• 47:18
  Bitcoin Maxis were correct, and that everyone needed to stack
• 47:22
  Bitcoin. So that's coming.
• 47:24
  Your vindication will come. Your vindication will come soon.
• 47:29
  In the meantime, keep stacking, you know.
• 47:31
  The biggest vindication you just said, Maxis are correct.
• 47:35
  I don't know if we've showed the people or not or brought their
• 47:37
  attention to what everybody's favorite founder and
• 47:40
  entrepreneur, Charles Hoskinson is doing.
• 47:44
  I wouldn't bring that up. Yeah, bring it up real quick.
• 47:46
  I I think I can find the headline and we'll cover it real
• 47:48
  quick before we go into the news.
• 47:52
  Let's break it down. So essentially Cardano again,
• 47:56
  proof of stake altcoin again. For years Charles Hoskinson has
• 48:01
  been bashing on Bitcoin. He's been saying we don't need
• 48:04
  Bitcoin. And then all of a sudden
• 48:06
  recently I believe he was at a conference and he was talking
• 48:09
  about putting $100 million into Bitcoin and stable coins.
• 48:13
  This is potentially one of the biggest backflips that I've seen
• 48:17
  in the Bitcoin space. And this just, those are what we
• 48:20
  continue to say. Alt coiners love Bitcoin.
• 48:22
  They just love your Bitcoin. They're trying to get you to buy
• 48:25
  their shit coin that they print out of thin air and then they
• 48:29
  just gonna swap it into Bitcoin. So I thought that was pretty
• 48:31
  crazy that popped out this week and I couldn't believe my eyes
• 48:34
  when I saw it, but. Yeah, yeah.
• 48:37
  Here's just a quick Google. Cardano eyes Bitcoin for $1.2
• 48:41
  billion Treasury. Charles Hoskin floats the idea
• 48:44
  of $100 million BTC bet. Essentially, here we go.
• 48:49
  He's proposed converting $100 million worth of ADA into
• 48:52
  Bitcoin and it's native stable coin.
• 48:56
  Whatever, whatever, whatever, whatever.
• 48:58
  The TLDR is essentially what Luke said.
• 49:01
  Shit corners love Bitcoin. They just love your Bitcoin.
• 49:04
  And look as someone that came in in 2017 when we were essentially
• 49:09
  in the trenches on Twitter and you would earn your stripes
• 49:11
  battling the shit corners. This is what we said forever.
• 49:15
  That the the even the shit corners out there that try to
• 49:18
  sell you the utopia, the dreams here, the 100 XS even they
• 49:22
  understand that the whole ecosystem is built on Bitcoin.
• 49:26
  Bitcoin is the only thing that matters.
• 49:28
  If you've watched this show, if you're new to the show, if
• 49:30
  you're quote UN quote crypto friendly, crypto native or
• 49:33
  whatever, whatever the newest term is, the only thing that
• 49:36
  matters is Bitcoin. And now your favorite, I don't
• 49:40
  know, quote, favorite shit coin creator is essentially saying,
• 49:44
  Hey, you know, we're going to use Bitcoin to secure our
• 49:47
  holdings and we're going to do the Bitcoin treasury thing with
• 49:50
  our shit coin and that's going to boost our holdings.
• 49:53
  It's like, yeah, why would you buy that thing?
• 49:55
  It's why would you buy? Why wouldn't you just buy
• 49:57
  Bitcoin? We've been saying that for a
• 49:59
  minute. Actually, we're going to touch
• 50:00
  on that a little later, but let's jump into the news.
• 50:02
  I do want to cover something very quickly.
• 50:05
  And then I really want to give Luke a lot of room to just RIP
• 50:08
  it and get you guys even more bullish.
• 50:09
  So we're going to get into the news real quick and then we will
• 50:12
  talk with Luke. I want to give a shout out to
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  today with Kohl's Card. All right, guys, I think this
• 52:45
  news is huge. As we've been saying on this
• 52:48
  show and it usually it's in regards to the strategic Bitcoin
• 52:52
  reserve, but the global nation state game theory plays out very
• 52:58
  quickly around the world. And as we've seen in the past,
• 53:01
  regulations around Bitcoin, the laws around Bitcoin, the bans
• 53:04
  around Bitcoin have all changed. They're in different
• 53:06
  jurisdiction. But ever since Trump came out,
• 53:09
  we are starting to see that everyone is trying to one up
• 53:14
  each other. And now this is the type of
• 53:16
  Bitcoin regulation legislation that I want to see more of and I
• 53:20
  really hope the US follows soon. This would be the ultimate win.
• 53:25
  So what am I talking about? Of course I'm talking about
• 53:29
  this. Thailand approves five year
• 53:31
  crypto tax exemption. Thailand's crypto income tax
• 53:35
  waiver applies to crypto sales made through licensed crypto
• 53:38
  asset service providers from 2025 to late 2029.
• 53:42
  Now, of course, I want to see this forever, you know, for the
• 53:45
  rest of time. But hey, we'll take a 5 year
• 53:48
  exemption on your taxes in regards to capital.
• 53:53
  So Thailand has approved tax exemptions on income from the
• 53:56
  sale of crypto currencies like Bitcoin for five years.
• 53:58
  According to a Ministry of Finance announcement, Thailand
• 54:02
  will waive the capital gains tax on crypto sales made through
• 54:04
  licensed crypto asset services providers in the period from
• 54:07
  January 1st, 2025 to December 31st, 2029, Deputy Finance
• 54:11
  Minister Halupan I'm Mornevet Apologies said in a statement
• 54:17
  issued on Tuesday. According to the minister, the
• 54:20
  measure is designed to strengthen Thailand's position
• 54:22
  as a global financial hub and one of the first countries to
• 54:25
  adopt laws for digital assets in their taxation.
• 54:28
  The tax measure also aims to promote crypto trading in
• 54:31
  Thailand under the supervision of the Thai SEC in compliance
• 54:34
  with AML policies recommended by the Financial Action Task Force.
• 54:38
  Now, of course, we don't want to facilitate more trading, but we
• 54:44
  would love to see the exemption of capital gains in the US Of
• 54:47
  course, that is like the final thing.
• 54:49
  I think really holding a lot of people back to using Bitcoin and
• 54:53
  commerce, accepting Bitcoin, etcetera.
• 54:56
  That would be the huge news. Now, this isn't the only one
• 55:00
  here. We also know, you know, Czech
• 55:02
  Republic has done this. If you huddle your Bitcoin for
• 55:04
  three years, you get a capital gains tax exemption.
• 55:07
  Well, now we also saw that Brazil is introducing their bill
• 55:12
  to remove all capital gains taxes on Bitcoin.
• 55:15
  This is what I want to see more of.
• 55:17
  Again, I've said in the past, if the US follows this trend here,
• 55:22
  then I am all for this administration going pro
• 55:25
  Bitcoin. This is the type of stuff I want
• 55:27
  to see more happen and I really hope that we do see the game
• 55:31
  theory around this start to happen everywhere.
• 55:33
  We did see some states kind of announce this in the US, not not
• 55:37
  the states I personally want to live in, but hey, you know it,
• 55:40
  it is kind of incentivizing me to to even consider this.
• 55:45
  But we finally gotten to a point where, you know, we're not just
• 55:49
  talking about leaving the US because they're going to attack
• 55:51
  us. The Plan B model here in regards
• 55:54
  to your passports, it's starting to work out where you're like,
• 55:56
  hey, you know, I was joking with Luke early.
• 55:59
  I'm like, Thailand's looking like a good place to live now.
• 56:02
  I don't know, you know, I like tropical beach weather.
• 56:05
  Like, you know, this, this starting to this starting to
• 56:08
  play out really well. This is starting to look like
• 56:10
  the sovereign individual thesis play out in real time where
• 56:13
  governments have to compete for you as a citizen.
• 56:18
  I love this. I think this is huge news.
• 56:21
  I I want to see more countries follow this trend, not just
• 56:25
  acquiring, you know, Bitcoin and and essentially using fancy
• 56:28
  legislations to legally permit them to steal your Bitcoin.
• 56:33
  You know work for the Bitcoin like everyone else.
• 56:35
  So I I love this shouts out to Thailand.
• 56:38
  I think this is a great move. So Luke very quickly look, you
• 56:41
  are a nomad. So you know when, when Luke
• 56:45
  coming from Thailand. Yeah, I thought you were
• 56:48
  actually going to say Thailand has those really beautiful.
• 56:51
  I don't say that something else for a minute.
• 56:54
  They're all people. All I will say is that yes,
• 56:57
  travelling has its advantages. You can go and see whatever
• 57:01
  local tropical beaches that you want to see.
• 57:04
  And I would absolutely love to see Thailand do something
• 57:08
  related to Bitcoin, whether that's scrapping taxes for five
• 57:12
  years, that would be huge. Imagine if they started started
• 57:15
  actually selling passports for Bitcoin.
• 57:17
  I would potentially put Thailand pretty high on my list of places
• 57:22
  to go to. Obviously El Salvador created a
• 57:24
  lot of buzz and a lot of interest.
• 57:26
  When they floated, they didn't just float the idea.
• 57:29
  They openly said come buy a passport.
• 57:31
  It's a million big ones. I mean, I know they got a lot of
• 57:34
  people who went down there and bought that second passport for
• 57:38
  $1,000,000. Having a second passport, it's
• 57:40
  incredibly valuable, especially if you can not pay 10s of
• 57:45
  thousands if not hundreds of thousands of dollars of your tax
• 57:49
  money to your corrupt bureaucratic government who is,
• 57:53
  let's just going to say spend your hard earned money on things
• 57:57
  it shouldn't be spending its money on.
• 57:59
  As simple as that. OK, so hey, if Thailand came out
• 58:02
  with a, you know, a passport purchasable in Bitcoin, I reckon
• 58:06
  you'd see me down there in Thailand pretty quickly, Opti.
• 58:09
  And I reckon I would be trying to convince you to get down
• 58:12
  there on to Thailand and check out the tropical beaches with
• 58:15
  me. Yeah, that sounds great.
• 58:17
  And Luke, don't don't check the chat you're getting.
• 58:20
  You're getting nuked. Guys, this is a family friendly
• 58:22
  show. Chill in the chat, guys.
• 58:25
  All right, well, look, I have to move on really quick because
• 58:27
  Luke does have to jump off and I really want him to hit a thread.
• 58:31
  He he just launched yesterday, or rather maybe this morning.
• 58:34
  So I'm going to set it up to you up, Luke, you RIP it.
• 58:37
  And then we get out of here for the day and, you know, go enjoy
• 58:40
  ourselves a great Tuesday. All right, so here we go for the
• 58:43
  culture. I want to give a shout out to
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• 1:00:28
  All right, guys, so I'm just going to set the stage here.
• 1:00:31
  I want to read a few headlines that I've kind of been alluding
• 1:00:34
  to on the show for the last week or so.
• 1:00:37
  There's been multiple ones, but this is a new trend.
• 1:00:40
  As we've noticed, Bitcoin treasury companies have become
• 1:00:42
  all the rage. It's a new narrative.
• 1:00:44
  It's a new hype cycle. For better or worse, this is
• 1:00:47
  what everyone's talking about. We see the stocks going
• 1:00:49
  absolutely nuclear. Well, we're seeing, you know,
• 1:00:53
  some legacy media pick up on this trend and it's very
• 1:00:58
  interesting. They're bent here.
• 1:01:00
  So we're over here on Reuters and it goes, what are Bitcoin
• 1:01:02
  treasury strategies, the latest trend in the public markets.
• 1:01:05
  Of course, they mentioned Sailor.
• 1:01:07
  They try to break this down, but I just really want you guys to
• 1:01:10
  zoom in on the headline. Obviously they are kind of
• 1:01:13
  picking on Sailor recently and this one I saw this morning,
• 1:01:17
  which is interesting. The fundamental problem with
• 1:01:19
  Microstrategy's Bitcoin buying plan and the literal problem was
• 1:01:23
  that the Bitcoin price is going up.
• 1:01:25
  So they're going to buy less, which means they might not be
• 1:01:27
  able to issue as much debt. And you know, if you if, if you
• 1:01:32
  like Bitcoin treasury companies, maybe you should just do what
• 1:01:35
  the Bitcoin treasury company is doing themselves and just buy
• 1:01:38
  Bitcoin yourself. Though they said you spot ETF's
• 1:01:41
  and you know, we say the same thing like just buy Bitcoin
• 1:01:44
  yourself. Probably the best thing to do
• 1:01:45
  here if this is what they're doing, if you don't want to take
• 1:01:49
  the risk of the over leveraging yourself or buying a stock of a
• 1:01:52
  more leverage company than just buy the Bitcoin yourself.
• 1:01:55
  But it is interesting. We are seeing these trends right
• 1:01:57
  now where Bitcoin treasury stocks is all the rage.
• 1:02:02
  The legacy media is picking it up.
• 1:02:04
  And then I saw this chart here from Blockware.
• 1:02:06
  Shout out the blockware team. And I think this is the reason
• 1:02:10
  the number of publicly traded companies with Bitcoin on their
• 1:02:12
  balance sheet has increased by 135% year to date.
• 1:02:16
  So in 2024, there were 64 in 202343, etcetera, etcetera,
• 1:02:21
  etcetera. In 2020, there was 2.
• 1:02:24
  And this year alone, as of 6/17, literally this morning, there's
• 1:02:29
  151. And as we've been hearing and
• 1:02:32
  talking about, there's potentially thousands on the
• 1:02:35
  horizon. Things are going to get
• 1:02:37
  absolutely insane, which leads me to Luke's thread where he is
• 1:02:43
  talking about Bitcoin treasury companies.
• 1:02:45
  So Luke, I already kind of know where you head with this thread
• 1:02:50
  on what the big idea is, but can you explain it for the audience?
• 1:02:54
  What is your big idea? And you actually kind of alluded
• 1:02:57
  to it earlier on the show. But just to rehash the idea, why
• 1:03:03
  is this not only catching all the hype right now?
• 1:03:07
  Legacy media is picking up, but what is this going to mean to
• 1:03:12
  the Bitcoin that is currently circulating or about to be
• 1:03:15
  released? Or, you know, the Bitcoiners
• 1:03:17
  Hodling their coin right now? Well, let's not rehash an idea,
• 1:03:22
  Opti. Let's talk about something I
• 1:03:23
  haven't talked about on simply Bitcoin before, and that is the
• 1:03:27
  double halving. So around 18 months ago, the
• 1:03:31
  beginning of 2024, we were leading into the halving and I
• 1:03:36
  was looking at the supply suffocation again.
• 1:03:38
  I've been screaming about the supply suffocation for five
• 1:03:41
  years now. And what I found really
• 1:03:43
  interesting was if you actually look at the number of Bitcoins
• 1:03:46
  circulating available for sale, you can actually make a pretty
• 1:03:50
  strong case that we're not actually seeing typical halving
• 1:03:53
  cycles anymore. We're seeing something
• 1:03:55
  completely different. Because again, what normally
• 1:03:58
  happens, what triggers Bitcoin bull runs every four years, It's
• 1:04:02
  the new circulating supply or the new incoming supply getting
• 1:04:07
  cut in half, right? So the last halving we had, we
• 1:04:11
  went from having something like 330,000 Bitcoin mined a year cut
• 1:04:17
  down to 164,000 Bitcoin mined a year.
• 1:04:22
  So that halving was a deficit of 160,000 Bitcoin per year.
• 1:04:29
  And what's absolutely fascinating is that over the
• 1:04:32
  past six months alone, we've seen 500,000 Bitcoin ripped from
• 1:04:38
  the exchanges. So again, I, I don't think these
• 1:04:41
  normal halving cycles are the same.
• 1:04:44
  I don't even think that my original article that I wrote
• 1:04:47
  about the double halving in 2024 is accurate because I think we
• 1:04:52
  are now seeing a quadruple halving this year.
• 1:04:55
  And this is again, why I'm just really fascinated by the growing
• 1:05:00
  acceleration in these public treasury companies.
• 1:05:04
  Now, the image that I started off with at the beginning of
• 1:05:07
  this thread, it was showing that over the past 30 days we've seen
• 1:05:11
  28 new treasury companies enter the Bitcoin space.
• 1:05:17
  And I wanted to actually have a little bit of a look.
• 1:05:19
  I said, OK, there's A130150 public corporations.
• 1:05:22
  What does that actually mean for the price of Bitcoin?
• 1:05:25
  How much Bitcoin do they own? So we can see that nearly we're
• 1:05:29
  seeing a new Bitcoin company created every single day.
• 1:05:34
  This is how rapidly this trend is accelerating, which was
• 1:05:37
  showed really nicely by that chart that you showed Opti of
• 1:05:41
  block Ware. OK, so we've seen a new treasury
• 1:05:44
  company added a day. What does that mean?
• 1:05:47
  Well, on average, I crunched the numbers and I found that each
• 1:05:51
  treasury company on average holds 6000 Bitcoin.
• 1:05:56
  And I calculated the maths and I said, OK, what happens if we see
• 1:06:00
  another 27 new treasury companies enter the Bitcoin
• 1:06:04
  space every month for the next 12 months?
• 1:06:08
  I don't think that's super crazy.
• 1:06:09
  I mean, we're prices trending higher or it doesn't look like
• 1:06:13
  we're going to be hitting a recession soon.
• 1:06:15
  Macro looks somewhat steady despite the fact there's
• 1:06:18
  shenanigans happening in the Middle East again.
• 1:06:21
  I just think all of these things will be, let's say, catalysts.
• 1:06:24
  I think excuse is maybe a word that could get me into trouble.
• 1:06:28
  Let's just say all of these things will be good excuses to
• 1:06:31
  print more money. So again, I I don't think it's a
• 1:06:34
  crazy assumption to say what happens if a new 27 treasury
• 1:06:37
  companies are added every single month for the next 12 months?
• 1:06:41
  What if they want to aspire to accumulate the average Bitcoin
• 1:06:46
  treasury size, which is about 6300 Bitcoin?
• 1:06:50
  Well, this would show that new entrants into the public
• 1:06:54
  treasury space would accumulate 2.3 million Bitcoin over the
• 1:06:57
  next 12 months. We all know that there's
• 1:07:00
  somewhere between 2.12.4 million Bitcoin on exchanges.
• 1:07:04
  So just if new public companies keep entering the space in the
• 1:07:08
  same way they did over the past month's worth of data, again,
• 1:07:12
  it's not like a week's worth of data.
• 1:07:13
  It's not completely insignificant caveats applied.
• 1:07:17
  It's a month's worth of data. But if this trend continues just
• 1:07:20
  at the same rate, there's no Bitcoin on exchanges in
• 1:07:23
  literally 350 days. And again, this is completely
• 1:07:26
  ignoring the existing 150 public companies.
• 1:07:31
  We're assuming that they also don't buy 600,000 Bitcoin like
• 1:07:36
  they did over the past 12 months.
• 1:07:38
  So again, I just think we're really being set up here for
• 1:07:40
  what I think is going to be a supply shock of the century.
• 1:07:43
  And I think it's going to be absolutely mind boggling to see
• 1:07:47
  what happens. And I just think so many people
• 1:07:49
  every day we just say, oh, there's a new company raising a
• 1:07:52
  billion dollars to buy Bitcoin. I just think we're getting
• 1:07:54
  lulled to sleep and Bitcoin is just becoming normalized with
• 1:07:58
  the, the idea of new public companies doesn't move the price
• 1:08:02
  and it's insignificant. And I just think what's
• 1:08:05
  happening is the beach balls just getting pushed under the
• 1:08:08
  water and eventually that thing is going to spring out of the
• 1:08:11
  water and hit some chaps on the noses.
• 1:08:13
  OK. So I, I think we're in for what
• 1:08:16
  I think is the perfect storm. And I think the real Bitcoin
• 1:08:20
  super cycle is just kind of loading.
• 1:08:24
  He said super cycle. Uh, oh.
• 1:08:29
  Well, everyone loves when Luke comes on and you're actually
• 1:08:32
  getting trolled in the chat a little bit like Luke's making up
• 1:08:34
  theories again here. But the first time you told me
• 1:08:38
  the what you call a double halving cycle or, or yeah,
• 1:08:41
  double halving, I was like, what are you, what are you even
• 1:08:43
  talking about? I'm like, what?
• 1:08:46
  What, what are you saying here, Luke?
• 1:08:48
  But it does make a lot of sense. Obviously the halvings every
• 1:08:51
  four years now with all the supposed and I'm I'm going to
• 1:08:54
  use quotes here, you know, supposed Bitcoin buys from these
• 1:08:59
  corporate treasury Bitcoin plays.
• 1:09:02
  They're literally pretty much having the supply, if not buying
• 1:09:06
  years worth of supply here. At a certain point, something
• 1:09:09
  has to give. We we also heard this week, you
• 1:09:12
  know, Metaplanic got to 1010 thousand coins surpassing
• 1:09:15
  Coinbase and now they themselves want to get up to 200,000 coins.
• 1:09:20
  That's just one entity. Now we kind of forget just how
• 1:09:25
  competitive these people are, these companies are.
• 1:09:28
  And actually there was, we brought it up on the show
• 1:09:31
  before, you know, Saylor was even kind of alluding to this in
• 1:09:34
  one of his recent clips, actually the one with Jordan
• 1:09:37
  Peterson. He's like, you know, I saw what
• 1:09:39
  Elon Musk was doing. I saw what Zuck was doing, and
• 1:09:42
  it pissed him off. And he was like, yo, I need to
• 1:09:44
  do more. I need to figure out something.
• 1:09:46
  I need to find my edge. And of course, his edge was
• 1:09:48
  acquiring Bitcoin. Well, once those billionaires
• 1:09:51
  start figuring out what Sailor's done, or rather, you know, fully
• 1:09:55
  grok what he's doing and actually see the potential for
• 1:09:58
  what Bitcoin does, then they're going to compete with Sailor to
• 1:10:02
  try to catch up. The Sailor.
• 1:10:03
  Everyone is competing for the coin right now.
• 1:10:06
  You should be competing with everyone in the chat.
• 1:10:08
  Like I want to outstack you. And actually, it kind of reminds
• 1:10:11
  me of games we used to play in 20/20/18.
• 1:10:14
  Shouts out to the legend. American Hollow.
• 1:10:16
  He kind of kicked it, kicked this off.
• 1:10:18
  He was the first one to kind of gamify it, but we used to always
• 1:10:22
  kind of play games of, yo, I'm going to out stack you this
• 1:10:25
  cycle. Can I, you know, I'm working
• 1:10:27
  more shifts, working more jobs, I'm sacrificing more to acquire
• 1:10:32
  more Bitcoin. Like once that fundamental
• 1:10:35
  paradigm shift happens, it's literally game over here.
• 1:10:39
  And these corporate Bitcoin treasuries, I think are right in
• 1:10:41
  the midst of this. And again, you know, if you
• 1:10:45
  don't know now, you know, like the price is going to go up.
• 1:10:48
  But hey, we're not just here for we're we're really here for the
• 1:10:51
  tech, bro. We're here for the tech.
• 1:10:53
  I I'm here for the tech, the tech.
• 1:10:54
  And the freedom go. Up you know NGU is cool, but
• 1:10:58
  freedom go up in the tech. I'm I'm here for the tech bro
• 1:11:01
  aunt. Will Aunt Will.
• 1:11:05
  Yeah. I just think it's inevitable,
• 1:11:06
  man. I think I, I think what we're
• 1:11:08
  saying is just a continuation of the trend.
• 1:11:11
  And if that continues like 20-30 is I think going to melt some
• 1:11:16
  faces. I didn't.
• 1:11:16
  I didn't think people are prepared for what we're going to
• 1:11:18
  see in the next five years. Yeah, I love it.
• 1:11:21
  Actually, Sat wise Jenks in the chat, this is a great comment.
• 1:11:25
  So he goes, Bitcoin is math, that's why it's winning and
• 1:11:27
  that's why mathematical base analysis is the most accurate
• 1:11:31
  when predicting Bitcoin. For example, this is the first
• 1:11:34
  bull run with scarcity at 95% already mine again.
• 1:11:39
  Hold on bars, bars by sat wise guys.
• 1:11:42
  This is fundamentally a different cycle.
• 1:11:45
  We still have yet to see how it plays out.
• 1:11:49
  But if you're stacking Bitcoin, if you continue to stack
• 1:11:51
  Bitcoin, if you continue to take it into custody, you're going to
• 1:11:55
  be fine. You're going to be perfectly
• 1:11:57
  fine. Move moving forward.
• 1:11:59
  Don't take your foot off the gas continue to come to the show.
• 1:12:02
  We'll keep you updated on the news.
• 1:12:03
  We'll bring Luke on, you know, as much as possible to just keep
• 1:12:07
  you even more bullet hearted as possible.
• 1:12:09
  Make sure make sure we get your dopamine going with some crazy
• 1:12:12
  predictions here. But based on the math, you know
• 1:12:16
  the the simple math here again, it's going up forever guys.
• 1:12:20
  Well, this is today's show. I know Luke has to run, so I'm
• 1:12:23
  sure we could kind of break this topic down longer.
• 1:12:25
  But Luke, if you got a pop off, pop off and I will to sign off
• 1:12:29
  the show. So appreciate it dude, and I'll
• 1:12:31
  talk to you later. See you guys, thanks for tuning
• 1:12:34
  in. Thanks for putting up my bad
• 1:12:35
  haircut and dodgy economic rants.
• 1:12:39
  And the accent all right guys, it's your boy Opti.
• 1:12:44
  Like I said to start off the show, if you like the show,
• 1:12:47
  smash the like button comment on this video.
• 1:12:50
  Are we just ridiculous bullet hearted?
• 1:12:53
  Is our math math in? Is our math lining up?
• 1:12:56
  And of course, if you want to see us, we go live Monday
• 1:12:59
  through Friday, 12:15 PM. Hit the subscribe button because
• 1:13:04
  we are dropping all kinds of content from Dante and Rustin.
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• 1:13:12
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• 1:13:15
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• 1:13:19
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• 1:13:22
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• 1:13:26
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• 1:13:30
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• 1:13:33
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