Latest / Simply Bitcoin / BREAKING: Fed CONFIRMS $200k Bitcoin in 150 Days?! | EP 1316

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BREAKING: Fed CONFIRMS $200k Bitcoin in 150 Days?! | EP 1316 · Simply Bitcoin

• 0:00
  The Fed might have just confirmed that Bitcoin is headed
• 0:04
  to 200K in the next 150 days, but it might not be for the
• 0:08
  reasons we all think. Yes, Jerome Powell just signaled
• 0:12
  rate cuts are coming this year, actually September and possibly
• 0:16
  in October. And the last time we saw rate
• 0:19
  cuts in 2024, a Bitcoin pumped by 70% in a matter of weeks.
• 0:25
  This would signal a Bitcoin rally to about 200 K by the end
• 0:29
  of the year. And there's a couple of reasons
• 0:32
  that I think this rate cut schedule could be a little
• 0:35
  different. But before we get into all that,
• 0:37
  before we get into the speculations, let's get into
• 0:40
  today's news. So of course, I'm not alone.
• 0:42
  I got Nico over here. But since I've become the macro
• 0:45
  nerd here, the reigning macro nerd, I will be covering today's
• 0:49
  segment. So here's the headline from
• 0:51
  CNBC. We were talking about this all
• 0:53
  week. Jerome Powell just spoke in
• 0:55
  Jackson Hole yesterday. We were kind of comparing the
• 0:58
  fact that there was a Wyoming blockchain summit also in
• 1:01
  Wyoming just days before the Jackson Hole speech from Jerome
• 1:06
  Powell and the Fed meeting in Wyoming as well.
• 1:09
  And this happened about two hours ago, you know, at 10:00
• 1:13
  Eastern Time this morning we had the Jay Powell speech and the
• 1:17
  markets are rallying. They are responding to the
• 1:21
  dovish takes by Jerome Powell, which is extremely bullish for
• 1:26
  us here as bitcoiners. Anyways, let's go to the
• 1:29
  headline. The headline is Powell indicates
• 1:31
  conditions, quote, may warrant interest rate cuts as Fed
• 1:34
  proceeds, quote, carefully reading the key points Fed
• 1:38
  share. Fed share Jerome Powell on
• 1:39
  Friday gave a tepid indication of possible interest rate cuts
• 1:42
  ahead as he noted a high level of uncertainty that is making
• 1:45
  the job difficult for monetary policy makers.
• 1:48
  And, quote, with policy in restrictive territory, the
• 1:52
  baseline outlook and the shifting balance of risk may
• 1:55
  warrant adjusting our policy stance, He said during his
• 1:58
  annual address at Jackson Hole, Wyoming.
• 2:01
  While not addressing White House demands for rate cuts
• 2:03
  specifically, Powell did note the importance of Fed
• 2:07
  independence. So they're still beating on the
• 2:09
  Fed independence meme, but there's been a lot of pressure
• 2:12
  coming from the Trump administration.
• 2:14
  We know what the Trump administration wants.
• 2:17
  They want to speaker dollar and lower interest rates so that we
• 2:19
  can bring, you know, we can increase the exports in the US,
• 2:24
  bring imports back to the US And of course, lower interest rates
• 2:28
  essentially means freer money, easier money to flow, so
• 2:32
  businesses can take out more loans, which for US bit corners
• 2:36
  essentially means they're going to expand the money supply.
• 2:39
  There is nothing stopping this anyways.
• 2:42
  There is a a couple of quotes. Here before I kind of breakdown
• 2:45
  what the implications are. While Jerome noted that the
• 2:48
  labor market remains in good shape and the economy has shown
• 2:51
  resilience, he said downside dangers are rising.
• 2:54
  At the same time, he said terrorists are causing risk that
• 2:57
  inflation could rise again, a stagflation scenario that the
• 3:00
  Fed needs to avoid. With the Fed's benchmark
• 3:03
  interest rate at a full percentage point below where it
• 3:07
  was when Powell delivered his keynote a year ago, and the
• 3:10
  unemployment rate still low, conditions allow for.
• 3:12
  Quote us to proceed carefully as we consider changes to our
• 3:17
  policy stance. Quote nonetheless, with policy
• 3:20
  and restrictive territory, the baseline outlook and the
• 3:23
  shifting balance of risk may warrant adjusting our policy
• 3:27
  stance. That was as close as he came
• 3:30
  during the speech to endorsing a rate cut that Wall Street widely
• 3:33
  believes is coming when the Federal Open Market Committee
• 3:36
  next meets September 16th through to the 17th.
• 3:40
  And we have Larry Laparde here Dovish.
• 3:42
  And the evidence is gold's pumping Silver's responding.
• 3:45
  Well, of course Bitcoin's pumping.
• 3:47
  I think it pumped like 5K this morning.
• 3:49
  So things things are working in in our you know, in our favor
• 3:53
  here. Yes, there's been a lot of talk
• 3:56
  right now. And as I said, it does feel even
• 3:58
  though I I was feeling a little bearish in the beginning of the
• 4:00
  week while we were dumping, it does feel like we are in a bear
• 4:03
  trap scenario. And if.
• 4:05
  This is the case if we get. The rate cuts in September and
• 4:08
  October, guys, it's going to get an extremely bullish end of the
• 4:12
  year. Now, we have to remember what,
• 4:15
  2025? Yeah, NO2026500 K 2026.
• 4:19
  But we do we we do have to kind of remember what Jay Powell's
• 4:25
  stance is here. He does kind of liken himself as
• 4:29
  a Paul Volcker type. And for you guys that aren't as
• 4:32
  familiar with, you know, Fed history, monetary history here,
• 4:36
  Paul Volcker was the 12th chairman of the Federal Reserve.
• 4:40
  And in the end of the 70s, kind of beginning of the 80s, he was
• 4:45
  head of the chair during a period of really high inflation.
• 4:49
  It was aggressive inflation. I think they were calling it,
• 4:52
  what were they calling it, the great inflation era.
• 4:55
  And, and he was trying and doing his best to not cut rates.
• 4:59
  He actually raised rates to an incredible high of like 2021.5%.
• 5:05
  So this is what Jay Powell has kind of been looking at it at it
• 5:08
  at himself at like what Jay Powell is doing right now,
• 5:12
  though potentially Trump is saying he's going to fire him.
• 5:16
  We all know Jay Powell is out next year.
• 5:18
  And I don't think he's really doing all of this to just buy
• 5:21
  for another position. I think what he's trying to do
• 5:24
  or has been trying to do is to cement his legacy.
• 5:27
  Again, he looks at himself as a Volcker type.
• 5:30
  And Paul Volcker, as much as you may not like what he did and you
• 5:35
  may not like Fed, the Fed chair or people at the Fed, he was
• 5:39
  able to minimize the inflation during a time of very high
• 5:43
  inflation in the US. And so Jerome Powell is kind of
• 5:46
  looking at himself as this type. You know, he is battling Trump.
• 5:49
  He does know that there is high inflation here.
• 5:52
  This is unprecedent areas that we are at right now in the
• 5:55
  twenty 20s. And he wants to fight the
• 5:58
  inflation because he knows if he does lower interest rates, too
• 6:02
  bad. It is 2 indicators. 1, we are
• 6:04
  potentially going into a recession, more like a Great
• 6:07
  Depression, global depression here.
• 6:10
  And two, he doesn't want to be the Fed chair that basically
• 6:13
  capitulated and inflation continues to rise.
• 6:16
  And so this has been his whole mandate for the last couple of
• 6:19
  years. He wants to fight inflation.
• 6:22
  This is why he's probably been holding these interest rates.
• 6:25
  But another interesting thing did come out of this speech that
• 6:29
  Powell said that the Fed has adopted a new framework that
• 6:32
  removes a reference to the central bank seeking inflation
• 6:35
  that averages 2% overtime and one to it making decisions on
• 6:40
  employment based on shortfalls from its maximum level.
• 6:43
  So it sounds like they are going to abandon that 2% inflation
• 6:48
  rate, which we've been kind of talking about this as bitcoiners
• 6:51
  for a long time because they can't get the inflation rate
• 6:54
  under control. They're just going to normalize
• 6:56
  a higher inflation rate and be like this, this is what's going
• 6:58
  to keep the economy running. And there's been a lot of
• 7:01
  speculations that it's probably going to go up to like 4%.
• 7:04
  That's probably going to be their new mandate.
• 7:06
  They can no longer hit that 2% inflation rate.
• 7:09
  So they're going towards, you know, hey, we'll, we'll, we'll
• 7:11
  just try to hit 4 percent inflation rate.
• 7:13
  And as we know as Bitcoiners, the true flation here, the true
• 7:16
  inflation rate is a lot higher than 2%.
• 7:19
  I did the numbers this morning looking at the M2 money supply
• 7:23
  and well, the global M2 money supply here.
• 7:26
  And since 2020, it's expanded by 25%.
• 7:29
  It went from, I believe I I have the chart here later for you
• 7:32
  guys, it went from like 76 trillion to about a 96 trillion,
• 7:37
  almost 100 trillion. That's about a.
• 7:39
  You know, 25% increase in the money supply and when they
• 7:42
  expand the money supply, that's where the inflation comes from.
• 7:45
  So even if they're targeting a 4% inflation, that is still way
• 7:49
  lower than what the true inflation rate is, at least from
• 7:53
  our perspective as bitcoiners, it's really probably as high.
• 7:57
  You know, you can speculate it's as high as 25% the last five
• 8:00
  years. It's not that good.
• 8:03
  Anyways, do you guys don't really care about the macro?
• 8:06
  I know, I know as Bitcoiners. Well, well, I'm talking, I'm
• 8:10
  talking about it from like a macro perspective or from a
• 8:13
  Bitcoiners perspective. The whole goal of a.
• 8:15
  Bitcoiner is we don't have to care about what one guy says to
• 8:19
  control the monetary policy. But the reason I've personally
• 8:23
  have kind of been drawn to the macro conversation.
• 8:26
  It's not so much that all the new influencers coming into
• 8:28
  Bitcoin are are huge in macro and they're getting engagement
• 8:31
  from it. It's really since we have
• 8:34
  politics and the traditional financial system kind of
• 8:37
  embracing us or rather landing on our front door, you have to
• 8:41
  kind of get into the mentality of these big financial advisors.
• 8:46
  And Wall Street is here, Wall Street's a part of Bitcoin now
• 8:49
  and they look at these signals and this is how they base their
• 8:52
  trades off of. This is why you'll see Bitcoin
• 8:55
  kind of react, you know, very closely to what's going on with
• 8:59
  the global or M2 money supply in the US And you'll also see it
• 9:03
  when when interest rates cut or interest rates are raised,
• 9:07
  you'll see Bitcoin react. Bitcoin is the most liquid
• 9:09
  market and now that we have big capital in the market, they are
• 9:13
  trading off of these signals. This is why you'll see Bitcoin
• 9:16
  kind of slump before everything else or pump before everything
• 9:19
  else. And I think this is what we're
• 9:21
  seeing happening right now. Now again, you're probably here
• 9:25
  just wondering what's this going to do to the Bitcoin price?
• 9:28
  Like that's cool, cool story. A guy, you know, in charge of
• 9:32
  the world's money supply. He's he's getting dovish here.
• 9:35
  He wants to cut interest rates. He's getting concerned.
• 9:38
  Well, the interesting correlation here is again,
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  forgive me guys, I am pulling up a chart here.
• 9:43
  You know, forgive me. Don't throw your tomatoes yet,
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  but I have so when the last. Time we cut.
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  Rates which was November 2024 we cut it three times from November
• 9:55
  into December and you can see that with the first time we cut
• 9:59
  rates, which is it's not really here on my chart but it was
• 10:01
  November 16th. You see the price responded very
• 10:05
  favorably a 70% run. Yes it's not that much and then
• 10:09
  we double top. But if the same thing plays out
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  and this is where it gets interesting if you don't
• 10:15
  understand the connection with interest rates and what it does
• 10:18
  to the economy how it stimulates growth.
• 10:21
  This this is basically the short of it.
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  Cheaper money means more demand for risk.
• 10:26
  So when Powell cuts rates potentially in September, oops
• 10:30
  Treasury yields fall and then bonds look less attractive and
• 10:33
  so investors start moving to riskier assets chasing higher
• 10:37
  returns. If the interest rates are bad on
• 10:40
  Treasury yields, which are you know the safest return safest
• 10:43
  store value in the market, then they're not really getting any
• 10:47
  returns here and as traders, of course they want their returns
• 10:50
  and of course Bitcoin being outside of the traditional
• 10:53
  system often sees capital flowing into it when the money
• 10:56
  is cheap. We've seen this play out in the
• 10:58
  past every time they cut rates Bitcoin starts pumping and
• 11:02
  though we are kind of in a new regime of quantitative
• 11:05
  tightening. We're not in the quantitative
• 11:07
  easing. We're not in the free money easy
• 11:10
  money era anymore because there is a lot of things going on in
• 11:13
  the economy that they can't just have easy money because that
• 11:17
  would raise inflation and of course.
• 11:19
  Bitcoin as an inflation hedge, that narrative starts to
• 11:22
  strengthen and if people are starting to see the problem with
• 11:26
  their money, with their store values that hey this inflation
• 11:29
  is getting out of control, they're going to look for
• 11:31
  alternatives guys. And we all know Bitcoin has a 21
• 11:33
  million hard cap all roads lead to Bitcoin.
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  The more they expand the money supplied, the more liquidity is
• 11:39
  in the system, the more they have to find a safe place to
• 11:42
  park this. And of course, at the same time,
• 11:45
  gold has historically been kind of the the one thing that people
• 11:49
  hedge, But now Bitcoin is entering the mind share of
• 11:52
  everyone. And then the second part of this
• 11:55
  is the interesting stuff. I'm pretty sure I don't.
• 11:58
  I don't think it was Mark Moss that coined this, but he's the
• 12:02
  one I've been kind of listening to recently and he's been
• 12:05
  coining it the Mar A Lago Accords.
• 12:07
  This is where. The stable coins and the dollar
• 12:11
  milkshake theory or the Bitcoin dollar theory all comes into
• 12:14
  play because Trump has been very, very obviously projecting
• 12:21
  where this is going. Or publicly he's saying, hey, we
• 12:25
  want a strong dollar. We need U.S. dollar dominance.
• 12:28
  This is how we're going to make America great.
• 12:30
  And then privately in a lot of the legislation they've been
• 12:33
  pushing through has been based on a few different things.
• 12:36
  One, they want a weaker dollar because weaker dollar, as I
• 12:39
  said, is easier for us to import.
• 12:42
  And of course, it brings exports back into America.
• 12:45
  And there's this push for, you know, production to come back
• 12:48
  onshore in the US So they want a weaker dollar.
• 12:51
  And of course as the dollar weakens, this boost the Bitcoin
• 12:57
  just just narrative in general weaker dollar people need to
• 13:00
  find something to store their value in.
• 13:02
  So rate cuts will weaken the dollar.
• 13:04
  And when Dixie falls or the dollar index falls, Bitcoin
• 13:08
  usually rises. And so international demand will
• 13:11
  increase for Bitcoin because it becomes cheaper in local
• 13:15
  currencies, AKA their dollars are dying against Bitcoin.
• 13:19
  And then of course, as more liquidity comes into the system,
• 13:21
  guys, it's all going to flood into Bitcoin.
• 13:24
  All roads lead to Bitcoin. Bitcoin is the hardest asset,
• 13:27
  the most liquid asset if these currencies around the world.
• 13:30
  And remember, they're all connected to the dollar, whether
• 13:33
  directly or indirectly, everything is connected to the
• 13:36
  dollar. For better or worse, this is how
• 13:38
  the world works. All global economies, all
• 13:41
  Western economies, I guess is probably better put, are all
• 13:45
  essentially pegged to the dollar.
• 13:47
  Remember the Bretton Woods agreement where all the
• 13:49
  countries came together and they agreed to peg their local
• 13:52
  currency on the dollar? And so if the dollar weakens,
• 13:56
  then that's just a domino effect where all the other currencies
• 14:00
  get even weaker. And then they start playing hot
• 14:03
  potato here or musical chairs and they all eventually start
• 14:06
  going into the dollar. Now the interesting part about
• 14:09
  this, again, interest rates cut in treasuries, which is what
• 14:14
  most people use to store their value.
• 14:16
  So when Powell cuts rates, it's usually bullies for Bitcoin in
• 14:19
  the medium to long term liquidity, you know, goes up
• 14:23
  dollar weakens Bitcoin narrative as an inflation head starts to
• 14:26
  increase short term, it probably spikes volatility and
• 14:30
  potentially inflation as well. So these these things are going
• 14:34
  all happening all at once. Now, remember what I said in the
• 14:37
  beginning about what interest rates essentially mean?
• 14:40
  It means that the returns, again, you can think of interest
• 14:44
  rates as literally the interest that people have in parking
• 14:48
  their capital into treasuries. Now, the interesting part about
• 14:52
  this and the interesting part about the MAR a Lago Accords is
• 14:55
  the idea of stablecoins being injected into the system.
• 14:59
  They want to essentially, you know, export dollar dominance
• 15:03
  around the world using stablecoins.
• 15:05
  They're they're able to get stablecoins in jurisdictions
• 15:07
  that otherwise they weren't able to do with the dollar.
• 15:12
  Now, again, if interest rates, if the bond yields are not
• 15:15
  attractive for investors, then who's going to buy these
• 15:18
  Treasuries? This is where stable.
• 15:21
  Coins come into the mix and I think Nico, we're going to talk
• 15:24
  about Preston pitch for stable coins later in the show.
• 15:26
  So good, good little pin to put on that.
• 15:28
  But essentially stable coins are the biggest buyers, one of the
• 15:31
  biggest buyers in the world right now of Treasury.
• 15:33
  So all of this is working in, in, in symbiotic relationship
• 15:37
  here. They're going to cut interest
• 15:39
  rates or potentially they're cutting interest rates.
• 15:42
  The free money or loose money, easy money's coming back into
• 15:45
  the system or at least into our psyche.
• 15:47
  More liquidity into the system, more liquidity means inflation's
• 15:51
  going to rise. They're going to have to park
• 15:53
  their money somewhere. And of course, that is where
• 15:56
  Bitcoin comes into the play. Now, I've been ranting
• 15:59
  apparently for 15 minutes here. I do have some other.
• 16:02
  Other charts here. That kind of explain where where
• 16:05
  we are right now and what happened last night.
• 16:07
  But I'm going to break it up. Or pass it over to Nico.
• 16:10
  Nico, did I break down what's going on with interest rates
• 16:14
  enough for you to understand how this is going to affect Bitcoin?
• 16:18
  Yes and no. Lynn Alden in the House and I
• 16:21
  think her meme sums it up perfectly.
• 16:25
  In case you miss Powell's speech today, that's OK.
• 16:28
  He basically said nothing stops this train, OK.
• 16:32
  And in all seriousness, let's let's break down a couple
• 16:38
  things. This is the concession.
• 16:41
  The Trump administration has put tremendous amount of pressure on
• 16:46
  the Federal Reserve. We have multiple congressmen and
• 16:49
  women calling for criminal charges against the Federal
• 16:54
  Reserve. You have Senator Cynthia Lummis
• 16:57
  openly calling for the resignation of Jerome Powell for
• 17:01
  the Fed not acting as an independent entity.
• 17:05
  All of of that, I believe, was to pressure Powell to eventually
• 17:10
  lower interest rates so that Trump could push forward his
• 17:15
  agenda. That's what it was all about.
• 17:18
  That's this politics that has been playing out and it seems
• 17:21
  like Powell has finally conceded and markets are reflecting that.
• 17:27
  I think what they wanted to do is that they wanted to run down
• 17:31
  the clock until the midterms. But what happens if with Trump
• 17:37
  and with the redistricting? Redistricting.
• 17:39
  Going on, which we're not going to talk about on this show, but.
• 17:42
  With the redistricting going on and with a booming economy that
• 17:47
  positions the Republican Party and Trump in a very, very good
• 17:53
  light going into the midterms, right?
• 17:56
  And I think that the Federal Reserve doesn't like the current
• 18:01
  Trump administration stance on the Fed, on Bitcoin, and most
• 18:06
  importantly on central bank digital currencies, which is the
• 18:11
  only clear future for central banks.
• 18:15
  So if you have an openly hostile administration basically saying,
• 18:20
  hey, you know what, we don't want CBDC's because, you know,
• 18:25
  we want Bitcoin. We want, you know, the free
• 18:27
  market money and your whole institution's future depends on
• 18:33
  the rollout of these CBDC's. And you had this institutional
• 18:38
  Moat, this protection of this so-called neutrality.
• 18:42
  Wouldn't you use that if you're job dependent on it?
• 18:45
  Of course you would. And I think that's what we've
• 18:48
  seen the last six to six to eight months.
• 18:51
  I think we've seen this political maneuvering, this
• 18:53
  warfare happening behind the scenes, this tug of war between
• 18:57
  the executive branch and the Federal Reserve, and then there
• 19:01
  you go. There you have it, two days
• 19:04
  after a Bitcoin blockchain summit in the state of Wyoming,
• 19:10
  two days after you had the Federal Bank summit of the
• 19:14
  Federal Bank summits in Wyoming in the same state.
• 19:17
  Do you think it's a coincidence that those two symposiums are
• 19:21
  right next to each other and they use very similar names and
• 19:25
  the same policy makers are going to 1 and then the other?
• 19:28
  Do you think it's a coincidence that Trump has a speech planned
• 19:32
  two or three hours after Powell's speech?
• 19:35
  No, that's not a coincidence. They're sending you a sign.
• 19:38
  Like I said yesterday, this is digital 1776, baby.
• 19:43
  This is what is happening. And of course, this is extremely
• 19:47
  bullish for all assets. Every time the Federal Reserve
• 19:51
  prints money, it inflates the prices of assets, specifically
• 19:57
  hard assets. And the hardest assets of them
• 20:01
  all, the soundest asset of them all is of course Bitcoin, which
• 20:05
  is why you saw this crazy pump from 112,000.
• 20:10
  Dollars, It seemed like the bull market was over.
• 20:12
  It seems like we were packing it up.
• 20:14
  Oh, man, we'll be back in four years.
• 20:16
  And then bang right on that news.
• 20:19
  We pumped from 112,000 all the way to 117,000.
• 20:23
  We're consolidating a little bit here at 116,334.
• 20:28
  But the point remains, you know, this was a tug of war.
• 20:31
  This was political warfare at the highest levels over the last
• 20:34
  eight months. And I think what you saw from
• 20:37
  Powell today was a concession. That's the first thing I'll say.
• 20:40
  The second thing that I'll say is the 3% number.
• 20:43
  That's really interesting to me. Why is it interesting?
• 20:46
  Because that 2% number, where did it come from?
• 20:50
  Why does money need to lose 2% of its purchasing power in order
• 20:55
  for it to function? That's an invention of the
• 20:58
  central banks themselves. Bitcoin proves that money can
• 21:03
  function without inflation. Not only can it does it prove
• 21:06
  that money can function without inflation, it proves that money
• 21:10
  can function in a deflationary manner, meaning money actually
• 21:15
  could increase in purchasing power and over time and money
• 21:19
  still functions and it proves that it's better money in the
• 21:23
  1st place. So they're pulling these numbers
• 21:26
  out of nowhere, right? And I love the Jeff Booth quote.
• 21:29
  2% is just enough so that people don't realize they're being
• 21:33
  stolen from, but they're realizing, dude, there's no
• 21:37
  effing way we're going to be able to get back to that 2%
• 21:40
  number, which a lot of people were predicting.
• 21:43
  So now they're starting to normalize that 3% inflation
• 21:48
  rate. So yeah, crazy, crazy, You know,
• 21:53
  meeting that was had that symposium or or press conference
• 21:57
  that Powell had today. I think it's a big win.
• 22:00
  And let's see if he does lower rates because he's indicating
• 22:04
  that he's going to lower rates. But let's see if he does.
• 22:07
  And again, I think that this, a lot of this has to do with the
• 22:11
  tremendous amount of pressure that was put on them by the
• 22:15
  Trump. Administration Opti Jerome
• 22:18
  Powell, if you can hear me, please cut rates.
• 22:20
  We need easy money. But on the flip side, really,
• 22:25
  if, if he does do that and we do see high inflation, it's again,
• 22:30
  it's even more important for everyone out there to explain
• 22:33
  this to your friends and your family because the only way out
• 22:36
  of this is of course, Bitcoin. Now, Nico, you did say something
• 22:40
  that kind of connected this to the other story we were
• 22:44
  covering. I think it was yesterday.
• 22:45
  No, maybe it's 2 days ago. If they are going to normalize
• 22:50
  the inflation rates, then as the meme goes, you know, Bitcoin is
• 22:54
  for enemies. So even the people in the Fed,
• 22:57
  they're going to need to find an alternative.
• 22:59
  If they can't make any returns, if there is no store of value,
• 23:03
  then what are they saving in? If they know what is going on in
• 23:06
  the plumbing of this, they'd be dumb to save in the dollar.
• 23:10
  And this is where this story, it was 2 days ago, this story kind
• 23:14
  of starts to make make another appearance here.
• 23:17
  Remember this headline Fed Bowman suggests allowing central
• 23:21
  bank staff to own small amounts of crypto products.
• 23:24
  It's almost like they are projecting and telegraphing what
• 23:27
  they want to do. It's like, hey, you know, we're
• 23:30
  probably going to cut rates. We're probably going to raise
• 23:33
  our inflation targets. No one wants to hold Treasuries.
• 23:36
  You can't save in the dollar. Yeah, maybe we should allow
• 23:39
  people to hold Bitcoin even if they're a part of the Fed.
• 23:42
  If, you know, if they don't have any experience with this, maybe
• 23:45
  they need to hold something. They need to hold this Bitcoin
• 23:48
  thing so that they can regulate better.
• 23:50
  Now my tinfoil hats back on. It's like, no, they know that
• 23:53
  they're going to freaking nuke the dollar.
• 23:55
  And so now they're like, yeah, we're going to actually allow
• 23:57
  our, you know, our partners to hold Bitcoin.
• 24:01
  So that's my tinfoil hat theory for today.
• 24:04
  But anyways, I do want to kind of look at just kind of the not
• 24:08
  the historical, but the actual stats here.
• 24:10
  So I'm over here on coin glass. I've really been liking these
• 24:12
  liquidation maps. So this move here today, where
• 24:16
  were we when we started today? Nico, could you pull up those
• 24:18
  numbers? But it pumped to almost like
• 24:20
  117. I know we're like 116 it.
• 24:22
  Was like, it was like at 1:17, yeah.
• 24:24
  OK. And so this was just a move
• 24:26
  from, you know, $58 million being liquidated in shorts.
• 24:31
  And then over here, this is where it starts to get
• 24:33
  interesting for everyone out there.
• 24:34
  I know we don't trade here, but there is some signals in the
• 24:38
  market that kind of show us where the next kind of important
• 24:41
  numbers are, what the next important Bitcoin prices are
• 24:44
  that these traders are looking. First one is the Bitcoin
• 24:47
  exchange liquidation map. You can see, remember last week
• 24:50
  I believe there was $6 billion in shorts.
• 24:52
  Right now it's barely at a billion dollars in shorts and
• 24:57
  the big wall is at 117. So if we get past what you know
• 25:02
  about 119 ish and we start running into 120 then game on
• 25:08
  and now here is where it gets really fun.
• 25:11
  You know Gorbachev will break down this wall.
• 25:14
  Where are the walls here? You can see that the big wall
• 25:17
  here is at roughly 121.5. So there's 1.53 K Bitcoin
• 25:23
  currently on the exchanges at 121.5.
• 25:26
  So that's. Probably the number to look at.
• 25:28
  If we break 125, then the next huge wall is 155.
• 25:34
  I don't know, that's starting to get me feeling a little more
• 25:37
  bullish than usual here. I know I was feeling a little
• 25:39
  bearish on the show on Monday. I I kind of tapered and hedged
• 25:44
  myself and said it. Feels like a bear trap.
• 25:47
  I think the bear trap is confirmed now, Nico, it feels
• 25:50
  like the bear trap is confirmed. So guys, if we break.
• 25:53
  Above 117 and start entering into 121 bear trap.
• 25:57
  You just jinxed the F. Ah dude, bear trap confirmed.
• 26:01
  Could you could you pull up the wait, wait?
• 26:02
  The the bear trap chart so. That hold on, I'm renaming this.
• 26:06
  I'm I'm renaming this. It's no longer the bear chart.
• 26:10
  It is the Nico trap. So if we can trap Nico.
• 26:14
  Here bullish, super bullish, all right.
• 26:18
  Hold on, My my internet's acting up a little bit over here.
• 26:21
  It's not. It's not working.
• 26:23
  But yeah, I'm pulling it up. I'm pulling it up for you guys.
• 26:26
  Here we go. Here we go.
• 26:27
  One second. Let me get this.
• 26:29
  Let me get this going. Here we are.
• 26:33
  This one's the wall. Street psychology chart I'll
• 26:36
  pull up a bear trap chart so you guys can see it a little better
• 26:40
  we're. At the anger phase.
• 26:43
  The anger. Down here, No, I, I, I think
• 26:47
  we're still in disbelief, bro. I don't think we're even in
• 26:50
  hope. Yet I think we're in disbelief.
• 26:51
  Yeah, yeah. No.
• 26:53
  Here we go this. Is this is the good one?
• 26:55
  This is the good one. Oh yeah, that there it is.
• 26:59
  There it is. I'll zoom in.
• 27:00
  I'll zoom in. Interesting.
• 27:03
  Yeah, dude, no, but it makes perfect.
• 27:05
  It is. It is working, but it makes
• 27:07
  perfect sense bro, you know? I don't know, dude.
• 27:12
  To the take off little or sell off bear trap.
• 27:16
  We haven't had any media attention like they're like
• 27:19
  retail does not give a flying F about Bitcoin right now.
• 27:24
  And that's a fact, right? So wait, wait, wait, rock.
• 27:31
  Our boys over rocked them so we just pumped the amount of
• 27:34
  inflation we are going to get. Pretty much.
• 27:38
  Pretty much another kind of. Another kind of like, maybe like
• 27:42
  depressing stat Jose Rivera in the chat the last flood of the
• 27:46
  week. But another kind of depressing
• 27:49
  stat is that Bitcoin has, hasn't, has barely made all time
• 27:57
  highs against gold, right? And it's been like 4 years.
• 28:01
  This was actually one of the arguments that Peter Schiff used
• 28:04
  when I interviewed him in Las Vegas.
• 28:07
  That was one of the one of the things that he said.
• 28:09
  He's like, look like, you know, Bitcoin, you know, Bitcoin
• 28:14
  hasn't made all time highs against gold and it and it has
• 28:17
  made all time highs against gold, but it hasn't made
• 28:19
  significant all time highs against gold.
• 28:21
  So I agree with you. I agree with Opti 100%.
• 28:24
  I think we're, can you pull that up, Opti?
• 28:26
  Yeah, I want to. I want to talk.
• 28:28
  About I want to talk about. 'Cause like we are definitely in
• 28:31
  the bear trap. You're.
• 28:33
  Definitely. Oh oh.
• 28:34
  You want the bear trap one? OK, yeah, we're.
• 28:36
  Definitely in the bear trap phase, like 100% it it just it
• 28:42
  just it just doesn't make sense to be in another another part of
• 28:48
  it in my opinion. So yeah, like we haven't had
• 28:53
  median attention, we haven't had enthusiasm, we haven't had
• 28:57
  greed. Like, you know, we've had the
• 28:59
  take off for sure. We've had a first sell off, I
• 29:02
  would say was the beginning of the year, right?
• 29:06
  Tao in the chat, shout out Tao in the beginning of the year
• 29:09
  when we went from 109 to 76 K. Now we've just kind of been
• 29:14
  chopped solid dating we, I, I haven't felt, I felt a little
• 29:18
  bit of euphoria, a little little bit here and there, but we
• 29:21
  really haven't had that, that pump yet, right.
• 29:24
  So I agree with you, Opti. This might have been the bear
• 29:26
  trap. This might have been the bear
• 29:27
  trap. Bear trap confirmed.
• 29:29
  Actually, no. Now that the bear is agreeing it
• 29:32
  to bear trap, this is we're in despair.
• 29:37
  Yeah, maybe, maybe. Anyways, guys, it's going to be
• 29:40
  an incredible show. We have tons to talk about
• 29:42
  today. We have a clip of from Baltic
• 29:44
  Honey Badger had the pleasure of being able to moderate a panel
• 29:47
  there, Preston Pish talking about stable coin issuers and
• 29:52
  how they're going to be using that to buy bonds and then opt
• 29:55
  he's going to connect the dots there.
• 29:56
  He was covering that. During the intro segment and
• 30:00
  then we had some very interesting news. the US House
• 30:03
  adds a a central bank digital currency ban to its 2026 defense
• 30:08
  policy bill, blocking the Federal Reserve from developing,
• 30:12
  testing or issuing any CBDC. And then the big news for today,
• 30:16
  and we're going to be talking about the significance of it.
• 30:19
  Bitwise just confirmed it preceded the first ever in kind
• 30:24
  Bitcoin ETF redemption. Wall Street settling in Bitcoin.
• 30:29
  That's right ladies and gentlemen, today is a historic
• 30:33
  day and a very, very good day for Bitcoin.
• 30:37
  Anyways, before we jump into the show, ladies and gentlemen, I do
• 30:41
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  bitcoinwell.com/OTC today. All right, everybody, no more
• 31:41
  delay. Let's jump straight into the
• 31:44
  numbers segment. We have tons to talk about.
• 31:46
  We will be right back. I want to give a shout out to
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  our partner stamp seed. Is your Bitcoin and cold storage
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• 33:08
  All right everybody, we are back at the time of recording.
• 33:11
  Ladies and gentlemen, we are at $116,480.
• 33:14
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• 33:20
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  Simply at the time of recording, the Bitcoin price is $116,500.
• 33:32
  Block height 911,207 sats per dollar 850 88 sats per dollar
• 33:39
  Market cap 2.32.32 trillion Bitcoin versus gold market cap
• 33:45
  9.74%. Decline from all time high
• 33:49
  -6.4%. Realize monetary inflation .84%.
• 33:55
  In the grand scheme of things, we are just getting the party
• 33:59
  started. Anyways, ladies and gentlemen, a
• 34:01
  Baltic Honey badger for this year.
• 34:04
  Again, I had the pleasure of being being invited to go.
• 34:07
  It was a fantastic conference in in Latvia, one of the longest
• 34:11
  running a Bitcoin conferences I believe.
• 34:14
  Incredible venue and appreciate the invite Max and Anna.
• 34:19
  But anyways, Press and Pish had some really interesting thoughts
• 34:24
  about stablecoin issuers and US bonds and how that will
• 34:28
  eventually be swept into Bitcoin.
• 34:30
  And since Opti out of nowhere became this macro expert, I want
• 34:35
  to get his thoughts on that. So I'm going to play the clip
• 34:38
  and then me and Opti will talk about it.
• 34:41
  They were tripping over themselves to pass the Genius
• 34:43
  Act and you have to ask yourself why?
• 34:46
  Why were these politicians tripping over themselves to get
• 34:49
  this thing passed? And the answer is really simple.
• 34:52
  They needed a buyer for all their debt.
• 34:56
  And the buyer is, is the stablecoin issuers.
• 35:00
  And it's, it's really kind of interesting to see how that all
• 35:04
  really transpired and really kind of came to a head is, you
• 35:08
  know, the government had to start issuing shorter and
• 35:11
  shorter duration paper because there was no buyers for anything
• 35:14
  that was long duration because there was so much inflation
• 35:16
  risk. So they, they're down there like
• 35:19
  issuing like one month money and it's like, well, who's going to
• 35:23
  buy all this one month money? Well, you know what the
• 35:25
  stablecoin issuers literally like, they love that because
• 35:31
  they can back everything, they can gobble up all this new
• 35:34
  issuance. They don't have the inflation
• 35:36
  risk that if they were buying 30 year paper, they don't want that
• 35:40
  inflation risk because they don't know if it's going to be
• 35:42
  fully backed, right or they'd have to keep rolling it to, to
• 35:45
  try to like manage that. But if it's really short
• 35:48
  duration, it's actually perfect for them.
• 35:51
  And then the really smart ones, what are they going to do with
• 35:53
  all the coupons that they're receiving?
• 35:56
  They're just going to sweep it into Bitcoin.
• 35:58
  And then it's really backed because that thing's going up at
• 36:00
  40 to 50% annualized. It's like extra over
• 36:04
  collateralized. What I find so interesting with
• 36:08
  all of this is you literally have BlackRock and all these
• 36:11
  other banks that are playing a fractional reserve game.
• 36:15
  They don't even have what they're issuing in the vault,
• 36:20
  but yet you have a company that's fully collateralized with
• 36:24
  extra Bitcoin in the vault and they're making more profit than
• 36:28
  the ones that are playing the Ponzi game.
• 36:31
  And they're getting the issue like literally from thin air and
• 36:34
  they're making more money than them.
• 36:36
  If that doesn't show you like the natural market forces that
• 36:41
  nature's trying to heal itself, I don't know what does because
• 36:45
  it's just it's miraculous to me that you can have something
• 36:48
  that's over collateralized just whipping the pants off of the
• 36:51
  ones that are literally cheating as if it's a total Ponzi scheme.
• 36:56
  All right, Opti, what did he just say?
• 36:58
  Dude, Preston, Preston nailed it.
• 37:00
  That's exactly what's going on. Look.
• 37:02
  It's no, it's no surprise that the first thing that the Trump
• 37:08
  administration did in regards to being, quote, the Bitcoin
• 37:11
  superpower of the world is pushed through stablecoin
• 37:13
  legislation. And I think Preston kind of he,
• 37:16
  he, I think he laid it out pretty simply.
• 37:19
  It's, it's a very simple idea, guys, as Lynn Alden has been
• 37:22
  saying for a long time, as Larry Lepard's been saying for a long
• 37:26
  time, Oh, you know, they have two different memes that are
• 37:28
  basically saying the same thing. Lynn Alden always says there's
• 37:31
  nothing that can stop this train.
• 37:33
  Larry Lepard, or maybe I'm attributing it to Larry and it
• 37:36
  might be Max Keiser, but you can't taper A Ponzi.
• 37:39
  This is what's going on. The whole goal right now from
• 37:42
  the Trump administration or Scott Besson and Donald Trump
• 37:46
  and even all of Congress pushing through the genius Act is 1
• 37:50
  mandate. And we've heard Bo Hines say
• 37:52
  this for for months now. They want to maintain quote,
• 37:56
  U.S. dollar dominance. Now, what is going on right now
• 37:59
  is the world is waking up to the fact that the US has abused that
• 38:04
  quote, UN quote, world reserve currency status and we've
• 38:07
  exported our debt to our rather our inflation, our debt to
• 38:10
  everyone around the world. And as we are currently seeing
• 38:14
  with this push from the Trump administration towards Jerome
• 38:18
  Powell is that nobody wants to buy our debt anymore.
• 38:22
  The trust in the US, in our control over the money and our
• 38:26
  stewardship of the money, it's losing that that luster now.
• 38:31
  They do not want to touch our debt right now.
• 38:34
  This is why Jerome Powell has been trying to keep interest
• 38:37
  rates high is because again, you got to think of interest rates
• 38:41
  as the interest for people to buy that thing so that they can
• 38:44
  get returns. And what's happening is even
• 38:47
  though the rates are high, no one wants to buy this stuff
• 38:50
  because they they're like, I don't want to own government IOU
• 38:54
  debt right now. This is why we've seen the push
• 38:57
  from the BRICS nations to not only start their own stable
• 38:59
  coins, but potentially talk about leaving the dollar.
• 39:03
  Now, the interesting part about the stablecoins is exactly what
• 39:06
  Preston said. One of the biggest buyers of
• 39:09
  Treasuries right now is stablecoins.
• 39:11
  Hence they think they can taper the Ponzi.
• 39:13
  They think they can stop the Fiat debt spiral by issuing a
• 39:20
  incredible amounts of stable coin embracement.
• 39:23
  Because if stable coins do proliferate around the world,
• 39:26
  two things happen. 1, you can get dollars into areas that you
• 39:30
  weren't able to get before. Again, exporting our debt to
• 39:33
  areas that weren't able to be touched before.
• 39:37
  And then two, you get someone to buy your treasury.
• 39:40
  So you have two things. You get more people into the
• 39:42
  system, which we all know how GDP works.
• 39:45
  It's not just about productivity.
• 39:46
  It's just having more people, you know, spending money in the
• 39:49
  system that is that that's, you know, checked off.
• 39:54
  If more people are able to use the dollar through stable coins.
• 39:57
  Now, the second thing is they need a buyer of stable coins.
• 39:59
  If no one wants to buy this, how?
• 40:01
  Are they going to keep the Ponzi going?
• 40:02
  They need to do more people into buying this debt.
• 40:05
  And that's where stablecoins come in, is the stablecoins will
• 40:09
  buy the Treasury because that's what essentially, you know,
• 40:12
  they're back 1:00 to 1:00. Well, you know, cash equivalents
• 40:15
  like treasuries. Now, the interesting part of
• 40:18
  this is what Preston Pisch said at the end.
• 40:20
  The smart stablecoin issuers, they're not going to be holding
• 40:23
  dollars here. They're going to be buying
• 40:25
  Bitcoin. And this is where their Ponzi
• 40:27
  unravels. Here because yes.
• 40:30
  Like Tether or stablecoins, any stablecoin issuer, they are
• 40:34
  using treasuries to make a profit off of this, but they're
• 40:38
  not rolling their profits into dollars or gold or more
• 40:42
  treasuries. What are they rolling their
• 40:44
  profits into? It is Bitcoin.
• 40:46
  This is why that one speech of safety and, and I believe it was
• 40:50
  in Las Vegas when he was talking about stablecoins was very
• 40:54
  interesting because he laid it out exactly as we've all been
• 40:58
  saying and shouts out to Mark Goodwin, he's been on this years
• 41:01
  now and everyone was making fun of him and it's happening
• 41:03
  exactly as he said. They are going to try to use
• 41:07
  stable coins to continue U.S. dollar, dollar dominance.
• 41:11
  And it could, it could, it's going to potentially extend the
• 41:14
  runway for the dollar here. So it's not like the dollar is
• 41:17
  going to go away now if they're embracing stable coins.
• 41:20
  But the interesting part about this is, you know, these private
• 41:23
  stable coins, for lack of better terms, and it might sound harsh,
• 41:26
  are basically counterfeiting and selling U.S. dollars.
• 41:29
  And then they park the proceeds into more treasuries and then
• 41:32
  they invest their income into Bitcoin and they think they can
• 41:36
  stop this dollar Ponzi by stable coins.
• 41:39
  And it's not going to happen. There's no way to stop this
• 41:42
  guys. The the debt is at such a high
• 41:45
  level that no amount of stable coins are going to be able to
• 41:47
  stop this. And even though they're trying
• 41:50
  like again, they will always have different tools to try to
• 41:53
  extend the dollar dominance here.
• 41:55
  And right now they think that they're, you know, golden ticket
• 41:58
  is stable coins, but it's it's not they can't, they can't taper
• 42:01
  the Ponzi. So it's very simple.
• 42:04
  They need someone to buy treasuries.
• 42:06
  They're looking to stable coins to be that buyer of last resort.
• 42:10
  They're going to expand dollar dominance or put dollars in
• 42:12
  areas that it could never be touched before.
• 42:15
  And then their only flaw in this, and this is where it's,
• 42:18
  you know, Bitcoin is a Trojan horse, is that the stablecoin
• 42:21
  issuers like Tether are Bitcoin Maxis and they're putting all of
• 42:24
  their profits in Bitcoin. Guys, this is this is the quote
• 42:28
  UN quote mar a Lago accords. This is what's happening.
• 42:31
  They're trying to use stablecoins to protect the
• 42:33
  dollar. And it's really only only going
• 42:36
  to speed up their demise here. So like, look, I'm not a fan of
• 42:40
  all of this, but now when you see the game a little more
• 42:42
  clearly, you start to understand why they're pushing for
• 42:45
  stablecoins so much is because they think stablecoins will save
• 42:48
  them. It's not going to save them.
• 42:50
  It it this is not what they think it is in the end game,
• 42:54
  though. This will be good for Bitcoin.
• 42:56
  I mean, Nico, you've been on this for a minute where look for
• 42:59
  better or worse, most people that touch, you know, digital
• 43:03
  assets first, they do kind of step into stable coins because
• 43:07
  it is, is basically, you know. It's it's a.
• 43:09
  Familiar medium of what they're used to.
• 43:11
  It's basically like, you know, one, one step away from a Fiat
• 43:15
  currency and then one step away from Bitcoin.
• 43:17
  And so once more more people start to get used to using
• 43:20
  digital currencies, quote UN quote, eventually they will
• 43:23
  realize, hey, I'm not storing my value very well.
• 43:27
  In this yes. Maybe Bitcoin or sorry,
• 43:29
  stablecoins are better if I'm not in the US, you know, maybe
• 43:33
  the dollar is better than my local currency.
• 43:36
  But if you're like us already in the dollar, you're like, why?
• 43:40
  Why am I going to peg it into something that's losing value?
• 43:42
  It just it makes no sense to anyone that really understands
• 43:46
  the game but the. Administration is hoping Scott
• 43:50
  Besson's been saying this for a while they're hoping that the
• 43:53
  stablecoin kind of push well well increase their runway here.
• 43:58
  They they think they're going to be able to maintain U.S. dollar
• 44:01
  dominance for, you know, the next hundred 52150 years with
• 44:04
  stablecoins. They they're going to increase
• 44:06
  their runway, but you know, Bitcoin is going to eventually
• 44:09
  eat their lunch because tether might become, you know, richer
• 44:15
  than the US government here and their Bitcoin Maxis.
• 44:18
  This is the game guys. This is the Mar a Lago accords.
• 44:20
  They're trying to export debt to areas that they couldn't before.
• 44:23
  They're going to use stable coins to do that.
• 44:25
  Now, the part that's really going to mess them up is where
• 44:29
  do the profits go? Where do you park your profits?
• 44:31
  You don't you don't park your profits in dollars.
• 44:33
  You don't park it in treasuries. Again, no one no one's trying to
• 44:36
  buy your debt. I don't know if you guys saw but
• 44:38
  the the Fed just. Air horns, please.
• 44:41
  Air horns, please. The the.
• 44:42
  Fed Oh, there we go, our boy. Ben partner of simply Bitcoin
• 44:48
  appreciate the Super chat bro have a few drinks on me guys
• 44:52
  love you guys BTC to the moon air horns, Opti air horns.
• 44:56
  Please Bitcoin Ben in the house guys go check out Bitcoin Ben
• 45:02
  dot IO. They're it's incredibly awesome.
• 45:05
  It's a it's a they have clubs all over the United States.
• 45:08
  They have resorts in El Salvador.
• 45:10
  They have the private KeyBank, the first Bitcoin bank you guys
• 45:15
  got to go check it out, so go to Bitcoin Ben dot IO opti, I mean
• 45:19
  to cut your. Your training.
• 45:21
  I forget. I forget where I well, you did.
• 45:23
  I forget where I was. No, but dude, I mean, listen
• 45:27
  like it's it's it's interesting because it's almost as if you
• 45:33
  know it. What Preston so astutely put is
• 45:37
  how much they came together on passing this genius act, right?
• 45:41
  Like all the other Bitcoin acts and all that stuff like that
• 45:45
  stuff. Did not you know?
• 45:47
  It it it. Like it's being talked about,
• 45:50
  the Bitcoin bills being talked about, right?
• 45:53
  But the genius act was like. Like it just fasted.
• 45:58
  And it's the only thing they can agree on, Mika.
• 46:00
  The only thing they can agree on is pushing the genius act
• 46:03
  through because they're like, yeah, we got to keep the dollar
• 46:05
  Ponzi going. And think about it.
• 46:09
  Think about the name of the. ACT.
• 46:10
  They're like, yo, this is genius, this is genius.
• 46:13
  Like this is genius. This is fantastic.
• 46:16
  And you know. It's, it's the reality is that,
• 46:18
  you know, Tether and I love those guys.
• 46:20
  They're bitcoiners, fundamentally.
• 46:23
  They're they, they are one of the largest treasury buyers in
• 46:27
  the world. No one.
• 46:28
  Else is buying treasuries right? So and not only and Nico and.
• 46:32
  Is buying treasuries and then not only that.
• 46:34
  They're. Literally exporting the dollar
• 46:37
  worldwide. I was going to say, not only are
• 46:41
  they one of the buy it, the largest U.S.
• 46:43
  Treasury buyer, but they're also one of the largest Bitcoin
• 46:47
  treasury companies out there. It's like.
• 46:50
  Yeah. Oh yeah. 21 and Jack Mahler's.
• 46:52
  Yeah. Yeah, like I, I.
• 46:53
  Don't think they I they really thought they made a genius move
• 46:56
  here. In reality I think this is just
• 47:00
  going to it. It does eventually increase
• 47:03
  their demise. It does kick the count down the
• 47:05
  road though. Yeah, no, it totally.
• 47:07
  Does time, it does buy them. It does buy them a lot of time,
• 47:10
  but I would say like Bitcoiners like, I would say like for
• 47:12
  Bitcoiners like, like this was inevitable.
• 47:15
  This was always going to happen. Bitcoin is the better money at
• 47:20
  the end of the day. A stable coin doesn't fix the
• 47:25
  inherent problems with Fiat money.
• 47:27
  The inherent problems with Fiat money are their two.
• 47:30
  Number one is their inflationary #2 they get censored.
• 47:36
  Right, so those are the 2. Problems.
• 47:38
  Bitcoin fixes those two problems.
• 47:40
  Bitcoin is better money. So naturally over time people
• 47:44
  will go towards better money, right as this message spreads,
• 47:48
  as Bitcoin adoption spreads. And I think, and I'm calling
• 47:52
  this, I'm not the only one to say this, Samson Mao has said
• 47:54
  this before too. I think stable coins are a
• 47:57
  Trojan horse. Because they get people exposure
• 48:00
  to digital wallets, right? You get instead of going to an.
• 48:05
  Opening a bank account, which it's archaic, it takes like an
• 48:07
  hour and a half. They ask you every question from
• 48:10
  Kingdom come. You download a wallet and all of
• 48:13
  a sudden you can use dollars, right?
• 48:15
  Like. It it it's very simple.
• 48:17
  That's why they've been so popular in the developing world
• 48:21
  in the global S. They've been so popular because
• 48:24
  people are just like you understand that the dollar has
• 48:27
  one of the best brands in the world.
• 48:30
  Like you hand $100 bill to anyone around the world that's
• 48:34
  not in the United States, like in in Africa and South America
• 48:37
  and and and there it's like holding gold in your hand.
• 48:40
  Like they look at it as gold, right.
• 48:43
  But eventually all roads lead to Bitcoin.
• 48:45
  Anyways, guys, it's going to be an incredible show.
• 48:48
  We still have tons to talk about historic day in Bitcoin's
• 48:51
  history. The 1st in kind in kind
• 48:55
  redemption happened. And we're going to be talking
• 48:59
  about that. We're going to be talking about
• 49:00
  the significance of that. And of course, it is Friday.
• 49:03
  So I'm sure Opti has a Friday special loaded up for you guys.
• 49:07
  We're going to kind of bearish, I'm not going to lie.
• 49:11
  We might not do the culture today we're.
• 49:13
  Going to be right back. We're going to be right back in.
• 49:16
  We're going to be right back. Hit the news and we'll talk
• 49:19
  about it. Let's check it out.
• 49:21
  I want to give a shout out to our partner Let In, the leader
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  15% off anything on the store. All right, everybody, we are
• 51:14
  back. So first things that I want to
• 51:16
  cover is this news. Shout out Bitcoin news as the US
• 51:22
  House adds a central bank digital currency ban to its 2026
• 51:26
  defense policy bill, blocking the Federal Reserve from
• 51:29
  developing, testing, or issuing any central bank digital
• 51:33
  currency. This is in stark contrast to
• 51:35
  what Europe is doing. Europe is going down the path of
• 51:40
  central bank digital currencies. the United States is not.
• 51:43
  But This is why the midterms are so important, guys.
• 51:48
  Vote for pro Bitcoin, anti CBDC candidates.
• 51:52
  And the way that it stands now is it seems like the Republican
• 51:56
  Party has embraced a pro Bitcoin, anti CBDC stance and
• 52:02
  the Democratic Party, I don't think it's monolithic.
• 52:04
  I do not believe so because there's a lot of Democrats that
• 52:08
  are pro Bitcoin, there's a lot of Democrats that are pro
• 52:11
  Bitcoin, and I'm sure that there's Democrats that are anti
• 52:14
  Bitcoin. But when it comes to their
• 52:15
  voting record, there was a bill that was multiple bills actually
• 52:20
  that were introduced in the House that would forbid the
• 52:23
  federal government from launching ACBDC.
• 52:26
  And both bills went along party lines.
• 52:29
  So most Republicans voted. For for against the the federal
• 52:36
  government being able to launch a CDC and, and basically every
• 52:40
  single Democrat voted for for the federal.
• 52:44
  Government being able to launch a CDC so once we get closer to
• 52:47
  the to the midterms again, we're not picking.
• 52:51
  The right or the left, or of the red party or the blue party?
• 52:54
  We're picking part Bitcoin over party.
• 52:57
  We should support candidates and politicians as we transition.
• 53:02
  Away from money being political, that support Bitcoin and that
• 53:06
  are anti CBDC. Fiat is evil.
• 53:10
  You don't want a future for your children.
• 53:13
  You don't want a Fiat, you don't want a Fiat future for your
• 53:16
  children. Do you want the continuation of
• 53:17
  endless wars? Do you want the continuation of
• 53:20
  their of their savings, of their work being debased?
• 53:23
  Like no, like now they're even trying to justify.
• 53:26
  It's no longer 2%. Now it's a 3% inflation rate.
• 53:29
  So three, let me translate that to you.
• 53:31
  The money in your bank, the official policy is it will steal
• 53:37
  3% of its purchasing, it will steal 3% of its your purchasing
• 53:40
  power on a yearly basis. On top of which I'm not going to
• 53:44
  get into that. Income tax, property tax, sales
• 53:48
  tax, inheritance tax. Like so you get taxed when you
• 53:55
  earn income. When you spend that set income
• 53:59
  you get taxed again and sales tax when you buy a property.
• 54:04
  And you sell that property, right?
• 54:06
  You, you know, you get there. There is a like a, a, a specific
• 54:10
  clause or you don't, you know, there's not a tax consequence to
• 54:13
  it. But let's say you're, you're
• 54:15
  buying property and selling property to make a profit.
• 54:18
  You get taxed for that. Let's say you make money in the
• 54:22
  stock market or you make money in Bitcoin.
• 54:24
  You get taxed for that. So like, let's say you're very
• 54:28
  wealthy and you want to pass some of that wealth to your
• 54:31
  children. You get taxed for that.
• 54:33
  Let's say you want to give up your citizenship and you want to
• 54:37
  move to a more favorable tax jurisdiction.
• 54:40
  You get taxed for that, right? OK.
• 54:43
  All of those things have been agreed upon legally it whether
• 54:46
  we like it or not. It they, they're laws.
• 54:49
  They're laws. They've just been.
• 54:50
  Passed they're laws. I don't remember ever agreeing
• 54:56
  to paying the money tax. That has not been agreed upon.
• 54:59
  It has not been agreed upon. And they get away with it.
• 55:02
  And this is how they're able to spend more money than they
• 55:05
  collect in tax revenue. It is straight up theft.
• 55:08
  So you know what is the what is the protest against this?
• 55:12
  The protest against this is buying Bitcoin, earning Bitcoin,
• 55:16
  put in, putting it into self custody, opting out of the Fiat
• 55:20
  system and watch your life improve.
• 55:22
  Watch your life improve. Everything gets cheaper when you
• 55:25
  live on a Bitcoin standard. Your purchasing power increases
• 55:27
  over time rather than decreasing.
• 55:29
  Anyways, that's the first bit of news.
• 55:31
  The second big piece of news for today is beat Russo breaking
• 55:37
  Bitwise just confirmed it preceded the first ever in kind
• 55:41
  Bitcoin ETF redemption. Wall Street settling in BTC.
• 55:45
  It is happening. Here is the president of Bitwise
• 55:50
  with the official. Announcement Bitwise A.
• 55:53
  Process. And in kind.
• 55:55
  Creation order this week, to our knowledge one of the first in
• 55:59
  history. This is the newly allowed
• 56:01
  capability where an authorized participant exchanges the spot
• 56:06
  asset Bitcoin for ETF shares rather than paying with cash.
• 56:10
  I don't know why you would want to do that, but OK in kind of in
• 56:13
  kind creations and redemptions and Bitcoin ETFs unlock the
• 56:17
  potential for lower transaction cost, tighter spreads and
• 56:21
  cheaper all in fees. For ETF investors, as ever,
• 56:25
  excuse. Me, we're thrilled to continue
• 56:28
  doing our part to push the space forward, thrilled about this
• 56:32
  milestone. So I think it is a big
• 56:34
  milestone. So anyways, and the reason why
• 56:37
  it's huge is that normally ETFs create shares with cash.
• 56:42
  An authorized participant wires the dollars, the fund goes out
• 56:46
  and buys Bitcoin, and then issues ETF shares.
• 56:49
  With in kind creation the the AP, the authorized participant
• 56:55
  can hand over actual Bitcoin directly and get ETF shares
• 57:00
  back. Why does this matter?
• 57:01
  It cuts out extra steps, lowers transaction costs, tightens
• 57:06
  spreads, and means cheap all in fees for investors.
• 57:09
  It also makes Bitcoin ETFs work more like gold ETFs, which is a
• 57:14
  sign of maturity in the space. The bottom line is this.
• 57:18
  This is another step in integrating Bitcoin directly
• 57:21
  into traditional markets, making it cheaper, faster and more
• 57:25
  efficient for everyone. Now what I want to see though is
• 57:29
  in kind redemptions back. Like what if you want to sell an
• 57:32
  ETF and you want Bitcoin back? Or does it just work one way?
• 57:37
  Right, That's what I want to see.
• 57:38
  That's the next development. But anyways, historic day for
• 57:41
  Bitcoin Opti, what's your take? Yeah, obviously historic day.
• 57:47
  This is an obvious improvement from where we were.
• 57:52
  And like you said, it is going to be interesting how this plays
• 57:56
  out. So shouts out the bitwise.
• 57:58
  Now there was a good. Question in the.
• 58:00
  Chat and I don't think we've seen anything on in regards to
• 58:05
  this because there wasn't really much clarity on it, but is in
• 58:07
  kind creation taxed as selling Bitcoin, which is very
• 58:11
  interesting if it's a rules for thee but not for me type
• 58:14
  scenario. But again, I think the point
• 58:17
  here for kind of everyone here look, first of all, I wouldn't
• 58:21
  be buying ETFs. I'm not here for, you know,
• 58:24
  quote Bitcoin exposure. You want to hold the the thing
• 58:26
  itself. Like why are you?
• 58:28
  And I mean there, I know why, but I'm being hyperbolic here.
• 58:32
  Like why would you want to have a person hold this for you when
• 58:35
  you can hold it yourself? Now I know why people do this
• 58:37
  because it's hard to get some of your capital out of the
• 58:40
  traditional financial system into Bitcoin.
• 58:42
  But with that being said, with my caveat being said, this is a
• 58:47
  very good thing. If everyone follows and does
• 58:50
  this and that means all the, you know, quote, UN quote Bitcoin
• 58:53
  that they own, they got to actually buy that Bitcoin.
• 58:56
  So if more people come in and and want Bitcoin ETFs over the
• 59:00
  just the Bitcoin thing itself, maybe this is the volume coming
• 59:04
  up on the Bitcoin price chart, because I don't know if you guys
• 59:07
  have been looking, but volume has been dead like for years
• 59:10
  here like no one's buying Bitcoin right now.
• 59:13
  And there has been a lot of speculation of is it because
• 59:17
  people are buying Bitcoin ETFs, like is it the big paper Bitcoin
• 59:22
  summer going on right now? Because the volume is absolutely
• 59:26
  has absolutely disappeared here. And like all remember the
• 59:30
  articles that we covered, I believe it was last year, I
• 59:32
  forget what time last year, but it was headlined something like
• 59:37
  all the Bitcoin tourists have gone home guys, there is no
• 59:41
  more. There's no tourists here.
• 59:42
  The only people that are in the market right now are bitcoiners
• 59:46
  that have been here for a while. We're the only ones buying this
• 59:49
  stuff right now. Besides the corporate treasuries
• 59:52
  that are making these moves to acquire Bitcoin.
• 59:55
  No one here it it's, it's a freaking desert.
• 59:57
  Like there's no liquidity right now or sorry, there's no volume
• 1:00:00
  right now because we haven't we haven't kind of caught on to
• 1:00:04
  that mania phase yet. But if the price does start
• 1:00:07
  running again. I think the mania is going to
• 1:00:10
  come back. And of course that means, hey,
• 1:00:12
  maybe we go higher than two 100K.
• 1:00:13
  But yes, this is a huge historical milestone here for,
• 1:00:18
  you know, well, it, it depends. I'm sure a lot of Bitcoiners are
• 1:00:21
  like whatever, dude, who cares about ETFs, But this is a
• 1:00:24
  historical milestone in regards to the financialization of
• 1:00:28
  Bitcoin. And really it's, it's a stamp
• 1:00:31
  and hopefully all the others follow suit on this.
• 1:00:35
  And then this is this is going to be huge for Bitcoin.
• 1:00:37
  I mean. They, you know, they, they don't
• 1:00:40
  even have any kind of redemptions for gold, right?
• 1:00:42
  So like this is great. It looks like with the same
• 1:00:47
  thing that's going on with the genius act of them pushing
• 1:00:49
  stable coins through, we're seeing this happen with Bitcoin,
• 1:00:53
  which really kind of leads credits to the idea of Bitcoin
• 1:00:57
  as a superior technologies being adopted at a rate that's faster
• 1:01:01
  than any other technology we've ever seen in the world.
• 1:01:03
  And you know what that means? Boys and girls number go up.
• 1:01:08
  We PAMP. Right.
• 1:01:10
  Can you play the rocket ship? Yes.
• 1:01:16
  Rocket ship get on board yo-yo the but rock them Roxim am I?
• 1:01:22
  Why am I reading this wrong? In kind revenue, who cares?
• 1:01:26
  I need in kind tax free that's. Bars.
• 1:01:29
  Ladies and gentlemen, we're making bars babysit.
• 1:01:33
  I do want to give a shout out to live stream.
• 1:01:34
  We just broke 3000 live viewers across YouTube and accent of
• 1:01:37
  course Rumble is popping off we're.
• 1:01:39
  About to we're pre recorded. 10,010 thousand subscribers on
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  Rumble Baby. So actually, actually.
• 1:01:46
  Everyone that watches us on YouTube, make sure you're also
• 1:01:51
  subscribed on Rumble, even if you're just watching on YouTube.
• 1:01:55
  But get those numbers. Up we, we.
• 1:01:56
  Love all platforms we love YouTube, we love rubble, we love
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  X but subscribe, help support the show help us spread the
• 1:02:04
  Bitcoin gospel the The message of satoshi help us spread the
• 1:02:08
  message that money can exist without inflation that you have
• 1:02:12
  the right as a human being to adopt A money that.
• 1:02:17
  Allows you to keep your dignity, allows you to hope and save for
• 1:02:20
  the future, baby. All right, everybody, we're
• 1:02:22
  going to hit the culture segment and we're going to be giving
• 1:02:24
  away some free Satoshi's. We're going to be giving away
• 1:02:27
  Bitcoin by our friends over Bitcoin.
• 1:02:30
  Well, so you guys are going to want to stay tuned for the
• 1:02:32
  culture segment. We'll, we'll be right back in
• 1:02:35
  just a bit. I want to give a shout out to
• 1:02:38
  our partner Hive Digital Technology.
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  freedom. Everybody, guys.
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  We are back. I just want to, I want to do a
• 1:04:43
  quick update on the poll. We asked you guys 40 minutes
• 1:04:46
  ago. Almost 500 of you guys voted.
• 1:04:49
  I asked will Bitcoin hit $200,000 by the end of the year?
• 1:04:53
  65% of you guys said yes, 35% of you guys said no.
• 1:04:58
  I'm ending the poll right there and then.
• 1:05:01
  Guys, stay tuned to the end of the show because we will be
• 1:05:03
  giving away some precious precious Satoshi's AKA Bitcoin
• 1:05:07
  Opti. I'm going to do a reverse Pareto
• 1:05:10
  principle on this and the 20% that said no are being banned as
• 1:05:14
  we speak. No, I'm that's a joke.
• 1:05:17
  Yeah, that was troll. That was a bad joke.
• 1:05:18
  That was a Nico dad joke. Anyways, I saw Marty post this
• 1:05:23
  and there's some. I'm taking over for Opti cuz you
• 1:05:27
  know he's making fun of my jokes and it's not cool so.
• 1:05:34
  You know, you could take over, but you ain't got the skills I
• 1:05:37
  do, so you can't cover the segment, you know, So it's all
• 1:05:41
  good. All right.
• 1:05:42
  Anyways, I saw Marty post this this morning while I was looking
• 1:05:46
  for the show and then it reminded me of something I've
• 1:05:49
  been trying to cover all week. Some great posts by Balaji and
• 1:05:53
  it really makes you wonder as I said earlier.
• 1:05:55
  It is it it should it it it. It is kind of bearish by nature,
• 1:05:59
  but it is just a very interesting, kind of like
• 1:06:04
  historical perspective of where we are right now.
• 1:06:07
  Anyways, Marty tweeted this this morning while everyone and their
• 1:06:10
  mothers focus on Jackson Hole in anticipation of the Fed Reserve
• 1:06:13
  Chairman Jay Powell's speech, I'd like to draw your attention
• 1:06:16
  to the fact that leverage in the system is right below historic
• 1:06:20
  highs. So as much as we are are, you
• 1:06:23
  know, as much as I try not to be a dollar doomer, there is a lot
• 1:06:26
  of things going on that are correlations to what we've seen
• 1:06:30
  happen in the past when very bad things have happened.
• 1:06:33
  And so again, you guys go find this, go to TFTC, love Marty
• 1:06:36
  Bent. I just want to kind of point out
• 1:06:38
  a few of the charts and a couple of the the, you know, quotes
• 1:06:42
  from this, but you can see this first one here for the audio
• 1:06:45
  listeners. Margin debt surges to 1.02
• 1:06:47
  trillion in July after surpassing 1 trillion for the
• 1:06:51
  first time in June. And quote, the financial system
• 1:06:54
  is more levered than it has ever been.
• 1:06:56
  At the same time, the pressure on Jay Powell and the Fed to
• 1:06:59
  lower interest rates and inflation is starting to rear
• 1:07:02
  its head again. This is where we are right now.
• 1:07:04
  And then here we got the FINRA margin debt, S&P 500 real
• 1:07:07
  values. And as you can see, margin debt
• 1:07:10
  is at all time highs. And it's, you know, that's
• 1:07:14
  probably why S&P 500 is. Pumping because of debt?
• 1:07:17
  Anyways, the question lingering in my mind, Marty says is
• 1:07:20
  whether or not we see a melt up in financial assets and leverage
• 1:07:23
  alongside with it or will gravity come into play at some
• 1:07:26
  point in the short and medium term and force a material
• 1:07:29
  correction? That's the question we're all
• 1:07:31
  wondering. Again, another great chart here,
• 1:07:33
  which really should probably terrify you if you're not a
• 1:07:36
  Bitcoiner, but you have U.S. stock valuations hitting new all
• 1:07:40
  time highs and just let's look at these dates here, very
• 1:07:43
  interesting dates. First one, 1929.
• 1:07:45
  We all know what's happening around there in 1960, five, 1999
• 1:07:49
  and then now new high as of August 2025.
• 1:07:55
  Probably, you know, not a good indicator of health in the
• 1:07:58
  system anyways, regardless of what ultimately happens, this is
• 1:08:02
  of course fundamentally bullish for Bitcoin in the medium and
• 1:08:05
  long term. If we get a melt up scenario, of
• 1:08:07
  course, Bitcoin pumps. If we get a, you know, gravity
• 1:08:10
  comes into play, as Marty was saying, then Bitcoin will likely
• 1:08:13
  correct and then people will be, as he said, starkly reminded of
• 1:08:17
  the insanity of the incumbent financial and monetary system
• 1:08:20
  yet again. And a new wave of Bitcoin
• 1:08:22
  adopters will enter the market. So that's just kind of showing
• 1:08:27
  where we are right now, just anchoring us into the present
• 1:08:30
  moment. But I saw this tweet.
• 1:08:32
  It came across my timeline this week.
• 1:08:35
  It was actually posted August 11th and it really starts to
• 1:08:39
  paint kind of a terrifying picture here.
• 1:08:42
  But like it it does anyways. Balaji tweets the Soviets went
• 1:08:46
  nuts on money printing in the years before the collapse.
• 1:08:50
  You can see here in 1965. Again, that was one of those
• 1:08:53
  dates that was part of that charm.
• 1:08:55
  And then, you know, it kind of dips around 75 and then it pumps
• 1:08:59
  around the 80s and then it starts kind of pumping in the
• 1:09:02
  80s, beginning of the 80s and then it.
• 1:09:05
  Corrects. You know what, 84 And then it
• 1:09:08
  goes hyper inflationary here. It just absolutely nukes in a
• 1:09:14
  matter of what, five years? Now the interesting part here is
• 1:09:20
  this quote. And as you can see here, this
• 1:09:24
  sounds eerily familiar. So quote.
• 1:09:26
  It took some time for the official numbers to catch up
• 1:09:29
  with reality. The regime's official numbers
• 1:09:31
  had long understated even the moderate levels of price
• 1:09:34
  inflation in earlier periods, but after the mid 80's, the gap
• 1:09:37
  between official inflation estimated real inflation grew
• 1:09:40
  considerably. Efrenov summarizes the
• 1:09:43
  divergent, noting that in 1988 official inflation was .6%, but
• 1:09:48
  6% in the real marketplace. By 1989, official inflation was
• 1:09:52
  2%, but it was really 8%. In 1990 it was 5.3%, but really
• 1:09:58
  it was 20%. And then the wheels started to
• 1:10:01
  really come off in 1991 with 96.3% official inflation.
• 1:10:07
  That was really 200% inflation. The Soviet Union collapsed
• 1:10:12
  shortly thereafter, and the new regime did not issue falsified
• 1:10:15
  inflation numbers anymore. Instead, the real inflation rate
• 1:10:18
  in 1992 was estimated to be more than 2300 percent.
• 1:10:23
  Hyperinflation continued for three more years until the old
• 1:10:26
  Soviet rubil finally ceased to exist.
• 1:10:30
  Again. History doesn't repeat, but it
• 1:10:32
  rhymes. Now I'm not saying we are in
• 1:10:34
  that exact scenario currently in the US, but if you look at this
• 1:10:39
  chart here. Again, let let's take a good
• 1:10:42
  look. Picture this chart here.
• 1:10:43
  You know, it's kind of going up and then it start going crazy.
• 1:10:47
  It's going to come down and then it's going to go nuclear.
• 1:10:50
  Well, here's the USM 2 money supply.
• 1:10:54
  It's going up. In a very similar fashion here,
• 1:10:58
  I would say we're at like 1982 levels potentially.
• 1:11:02
  Of course I'm speculating here, maybe they can get it under
• 1:11:06
  control. And I'm not saying we are going
• 1:11:08
  to hyperinflate anytime soon per SE.
• 1:11:11
  Nothing, nothing stops this. Train, I agree now on that
• 1:11:14
  front. This is the other kind of chart
• 1:11:16
  that really shows nothing starts stops this train here's the
• 1:11:20
  global M2 money supply that is going nuclear here and again,
• 1:11:26
  look at these dates. I was checking this out this
• 1:11:28
  morning. You know, right before the great
• 1:11:31
  financial crisis we had about $30 trillion in debt.
• 1:11:35
  In 2009 when you know it kind of like the IT abated.
• 1:11:39
  Things were getting kind of back to normal.
• 1:11:41
  We are at $36 trillion in global debt and then again here in
• 1:11:46
  2020, we were at about 67 trillion before they printed a
• 1:11:51
  whole bunch of money ended somewhere around 70 trillion ish
• 1:11:56
  dollars. And now since then, this is what
• 1:11:59
  I was saying earlier like $70 trillion by end of 2020.
• 1:12:04
  Today we are almost at 100 and trillion, $100 trillion in
• 1:12:09
  global M2 money supply. And then the the money supply is
• 1:12:13
  expanded by 25% globally in five years.
• 1:12:19
  They target 2%. It's not 2%.
• 1:12:24
  I'm not saying we are going to see hyperinflation in the US.
• 1:12:29
  All I'm saying is that it seems like the global money supply is
• 1:12:34
  expanding globally. So the next crisis here is not
• 1:12:38
  going to just be in the US. This is going to be a global
• 1:12:41
  thing because everyone has the same problem.
• 1:12:44
  And if you're not in Bitcoin, what what?
• 1:12:47
  Well, you know, what happened in the Soviet USSR might happen
• 1:12:51
  globally. There's nowhere to run.
• 1:12:53
  The only place to run is Bitcoin.
• 1:12:55
  Again, kind of a doomer end to the show.
• 1:12:58
  But history does give us some clues of what is going to come
• 1:13:02
  down the pipeline. And I saw this tweet by Bellagio
• 1:13:06
  and I'm like damn. That breakdown, that summary
• 1:13:09
  sounds exactly what we're seeing right now.
• 1:13:11
  Again, you know, Jay Powell and I and I, when I first thought
• 1:13:14
  about bringing this up, we didn't even get Jerome Powell
• 1:13:17
  admitting that they're going to change the the inflation target
• 1:13:21
  rate. And then we get that news.
• 1:13:23
  It sounds very very similar to what happened.
• 1:13:28
  At the end of the USSR, so you guys need some Bitcoin.
• 1:13:31
  You need to make sure you get more of your friends and family
• 1:13:34
  saving in Bitcoin. This is the only way out of this
• 1:13:36
  guys. The only way out of this debt
• 1:13:38
  spiral doom loop is for more people to hold Bitcoin and more
• 1:13:42
  people to use Bitcoin and save and store their Bitcoin in cold
• 1:13:46
  storage. Do not buy ETFs, do not buy the
• 1:13:49
  Bitcoin treasury stocks, buy Bitcoin.
• 1:13:51
  Take it into self custody. It's the only way that you will
• 1:13:55
  be able to survive whatever financial crises is potentially
• 1:13:59
  going to happen. We all know boom and bust
• 1:14:01
  cycles. They happen pretty sickly, sick,
• 1:14:04
  cyclically, cyclically. It's Friday.
• 1:14:08
  It's Friday, but it's been an exactly, it's been an, it's
• 1:14:12
  Friday, but it's been an incredible week.
• 1:14:14
  And the reason we're going to the, we're going to, we're going
• 1:14:16
  to end off the week very, very nicely, ladies and gentlemen,
• 1:14:20
  because what a, what a better way.
• 1:14:23
  What you can't, you can't end the week in a better way than
• 1:14:28
  giving away some Sats. And that's exactly what we're
• 1:14:31
  going to do. And we're going to do it with
• 1:14:33
  our boys over at the best place by far to build your automatic
• 1:14:39
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• 1:14:43
  So every time you buy Bitcoin on Bitcoin well, ladies and
• 1:14:46
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• 1:14:50
  you can use those points. So there's a bunch of different
• 1:14:51
  prizes. You could also use those points
• 1:14:54
  towards the Bitcoin wishing well contest, which are going to be
• 1:14:56
  doing live for you guys right now on air.
• 1:14:59
  And every single time you toss a coin into the wishing well, you
• 1:15:02
  win some Satoshi's and you have an opportunity to win up to
• 1:15:06
  1,000,000 Satoshi's every single toss.
• 1:15:09
  So let's see what today's prize is.
• 1:15:11
  Get your Lightning wallets ready.
• 1:15:12
  And today's prize is 549 SAT's if you go to
• 1:15:19
  bitcoinwell.com/simply. Again, bitcoinwell.com/simply
• 1:15:25
  when you sign up to Bitcoin Well.
• 1:15:26
  You get 3. Tosses into the wishing well
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  Every single toss you have an opportunity to win up to
• 1:15:31
  1,000,000 Satoshi's, which is north of $1000 these days
• 1:15:35
  absolutely crazy. Anyways, I'm going to end it up.
• 1:15:37
  I'm going to end today's show on that note and giving away some
• 1:15:41
  stats to the views to the viewers and the listeners guys,
• 1:15:45
  we love you all thank you guys so much from the bottom of our
• 1:15:48
  heart for tuning in this week. This week was a major milestone
• 1:15:52
  for simply Bitcoin. We broke 100,000 subscribers on
• 1:15:55
  YouTube. It's been a hell of a journey
• 1:16:01
  with with my brother from another mother here Opti and of
• 1:16:04
  course the whole Simply Bitcoin crew.
• 1:16:06
  How? To do that feeling.
• 1:16:11
  And we love you guys, appreciate it.
• 1:16:13
  Go outside, touch some grass, enjoy the weekend, smash the
• 1:16:15
  like. Consider subscribing if you feel
• 1:16:17
  like we provided you value. And we'll be back on Monday for
• 1:16:21
  a brand new episode of Simply. Today's episode was brought to
• 1:16:26
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:16:29
  mission to enable financial independence.