Latest / Simply Bitcoin / Eric Trump JUST LEAKED Americas Strategic Bitcoin Reserve Plan?! | EP 1494

Transcript

Eric Trump JUST LEAKED Americas Strategic Bitcoin Reserve Plan?! | EP 1494 · Simply Bitcoin

• 0:01
  Everyone's been wondering how much Bitcoin does America hold
• 0:06
  in its strategic Bitcoin reserve?
• 0:08
  And further, how serious is America with their plans about
• 0:13
  Bitcoin? What the president's son Eric
• 0:15
  Trump took to the mainstage yesterday at Bitcoin 2026 Las
• 0:19
  Vegas and gave us some huge answers to all of these
• 0:23
  questions. In my opinion, you can say what
• 0:26
  you want about the Trump family in general and even further
• 0:30
  their interest in Bitcoin, but it really does feel like these
• 0:34
  clips I gathered for you guys are definitely shifting the
• 0:38
  Overton window. This first one I'm about to play
• 0:41
  for you guys is honestly, this might be the the most bullish
• 0:45
  clip coming out of Bitcoin 2026. And then I have you another
• 0:49
  screen grab from a more behind the scenes for the VIP speakers
• 0:56
  and conference goers. And this one is also extremely
• 1:00
  bullish, which is reiterating what we heard last week from the
• 1:03
  four-star Admiral. So let's start with the first
• 1:06
  one. There's a lot to unpack on this
• 1:07
  first clip. Here it is from the mainstage.
• 1:13
  Well, let me hop in here, guys. You know, the compression of
• 1:15
  Bitcoin is unbelievable. You know, I, I think I was the
• 1:18
  first guy on a, on a stage like this wearing a suit, maybe in
• 1:22
  this industry. And that was about, you know,
• 1:23
  three years ago, advocating for this industry.
• 1:26
  And now every single day you see what they're doing, You see what
• 1:28
  Charles Schwab is doing, you see what JP Morgan is doing.
• 1:31
  I mean, you know, you literally had Jamie Dimon 2 years ago that
• 1:34
  was laughing at Bitcoin, not, not, you know, believing in the
• 1:36
  asset. Now all of a sudden using JP
• 1:38
  Morgan Chase, you can go out, you can, you know, borrow
• 1:41
  against your Bitcoin holdings to get home mortgages.
• 1:44
  You have Charles Schwab that's about to, you've seen all the
• 1:47
  announcement that they've made, but they're about to custody
• 1:50
  Bitcoin for the first time. This is the low cost provider,
• 1:54
  you know, of all wealth management in the country with
• 1:56
  30 million bank accounts and they're going all in.
• 1:59
  You see what they've done at at BlackRock.
• 2:01
  You see what they're doing with all the ETFs that you just
• 2:03
  mentioned, the most successful ETFs in history, in history,
• 2:08
  every single one of them that launches has become an
• 2:11
  incredible success. Now all of a sudden they're
• 2:13
  adding on top of that, they're adding yield strategies on top
• 2:16
  of that. Then you look at what Michael
• 2:18
  Saylor's doing and he's doing, he's a dear friend and doing a
• 2:20
  phenomenal job. You look at what Simon and
• 2:23
  Megaplan it's doing, doing a phenomenal job.
• 2:25
  You look at what 21 Capital's doing, guys, they are buying and
• 2:28
  they are not selling. You look at what I'm doing in
• 2:31
  American Bitcoin mining. We are.
• 2:32
  We are mining and we are not selling.
• 2:34
  We believe in the asset. You look at all the companies,
• 2:37
  how they're growing their Bitcoin treasuries.
• 2:39
  You look at private companies like the Trump Organization, how
• 2:42
  we're treasuring Bitcoin because we believe in it as an asset
• 2:46
  class. We are compressing Bitcoin.
• 2:48
  There is a limited supply, and that limited supply, as much as
• 2:51
  we like to throw around 21 million, it's not 21 million
• 2:54
  people have lost it. But beyond that, people are not
• 2:57
  selling it. People are holding it.
• 2:59
  Bitcoin is becoming sticky and it's no longer, you know, the
• 3:03
  Defy crowd who are incredible, the young kids who really
• 3:06
  believed in digital assets and were buying Bitcoin when it was
• 3:09
  $10 and $50 and $100. Now you have the biggest
• 3:13
  institutional accounts. You have governments, you have
• 3:16
  the United States government that holds 300,000 Bitcoin and
• 3:20
  will not sell it. You have the middle.
• 3:23
  East. That is using energy from cities
• 3:26
  that they don't need to cool in the middle of winter, but they
• 3:29
  do obviously have to cool in the middle of summer because it's
• 3:31
  hot as hell. Guess what they're using all
• 3:32
  that extra capacity for to mine Bitcoin guys, It is compressing
• 3:39
  and it is compressing hard. And honestly, I, I was saying
• 3:41
  this backstage, we were talking a little bit.
• 3:43
  I'm more confident in Bitcoin today at the number that it's at
• 3:47
  today Then I was in Bitcoin when it was 125,000.
• 3:51
  Because honestly, what Bitcoin's done in the last six months
• 3:54
  relative to what Bitcoin's done in the, the previous three years
• 3:58
  is transformational. I mean, this, this rush is only
• 4:01
  getting going and we are, we are in the greatest period, I think
• 4:04
  in the history of crypto. And, and just hold on guys, hold
• 4:08
  on. It's it's coming.
• 4:10
  That last part might be my favorite, even though he should
• 4:14
  have said the greatest period in Bitcoin.
• 4:16
  And obviously he's leaning into the memes of just just huddle,
• 4:19
  you know, just hold on. The cavalry is coming.
• 4:22
  It's almost what it what it seemed like he was trying to
• 4:24
  say. Anyways, there's there's a lot
• 4:26
  to unpack here. Obviously, I'm not going to hit
• 4:29
  every point that he said. But look, I know a lot of
• 4:32
  people, especially my friends and more hardcore Bitcoiners,
• 4:36
  they look at not only just President Trump, but his kids.
• 4:41
  And they have this opinion of them as, oh, they have good
• 4:45
  talking points. They're not really Bitcoiners.
• 4:47
  They they really don't get it. They're just here to make a
• 4:49
  buck. I mean, who isn't here just
• 4:52
  trying to make a buck? Obviously us more ideological
• 4:54
  bitcoiners, which he did kind of point out.
• 4:56
  He basically mentioned all of us here, though I don't think many
• 4:59
  of us here bought at five, $1000.
• 5:02
  But he did give a little nod to us.
• 5:04
  You know, the suits are nodding to us.
• 5:06
  And at the same time, they're like, OK, thank you for the
• 5:10
  baton. We realized we were mistaken.
• 5:14
  We missed the bow at least up to this point, but we're going to
• 5:18
  take it from here now. And and that's not to say that
• 5:20
  they're going to control Bitcoin, but you're starting to
• 5:22
  see that the institutions are extremely bullish on Bitcoin.
• 5:25
  The biggest names in the world are being bullish on Bitcoin.
• 5:29
  And I did talk about that a little bit yesterday on the
• 5:32
  yesterday's show and I I've thought a little more about
• 5:34
  this. So I will talk about that kind
• 5:36
  of idea of, you know, institutions versus just the
• 5:39
  everyday Bitcoin or towards the end of the show in the culture.
• 5:44
  But the interest in Bitcoin, the FOMO that people are feeling in
• 5:47
  Bitcoin, I think it's real. People are starting to realize,
• 5:50
  yes, this Bitcoin thing is never going away.
• 5:53
  We should probably get into it some way in some fashion because
• 5:57
  we don't want to miss out on the next whatever 15 years of games
• 6:00
  here. So you can see it's changed.
• 6:03
  Things have changed. Now, I'm not saying this time is
• 6:05
  different per SE, but there is a fundamental shift in the
• 6:09
  sentiment towards Bitcoin that I think we are completely
• 6:13
  underestimating. So I did write down a couple of
• 6:15
  notes here of basically some of the points that he said before.
• 6:19
  I play you the other clip, which is a lot more you know, it's a
• 6:24
  lot more in the G money lane, which is super awesome.
• 6:27
  It's a lot more in the Jason Lowry soft war lane.
• 6:30
  So I'm I'm gonna play a bunch of clips for you guys today
• 6:33
  anyways. The first one that I think is
• 6:35
  very interesting is the framing that he said there's a
• 6:38
  compression happening. He even started out that clip by
• 6:40
  basically saying like Wall Street has been suppressing
• 6:43
  Bitcoin, which I think all of us has felt.
• 6:46
  We've all have felt that in terms of price, there has been
• 6:50
  something off. But even further, in terms of
• 6:54
  sentiment and narrative trench warfare, there has been a
• 6:58
  wholesale suppression of Bitcoin.
• 7:02
  There was this idea that we don't want Bitcoin to get out of
• 7:06
  the door. We don't want this Bitcoin mine
• 7:08
  virus to catch on because if it catches on, then the
• 7:11
  institutions will lose their control.
• 7:13
  They will lose their power. Well, the genie's out of the
• 7:16
  bottle at this point. Now they're starting to realize
• 7:19
  it's a classic meme. You know, first they ignore you,
• 7:21
  then they laugh at you, and then they fight you.
• 7:23
  Or what is it first? Yeah, that I think that's the
• 7:25
  way they say it. We are at the point where I
• 7:29
  don't know if we're at the end of then they fight you and then
• 7:32
  you win stage. But we are seeing a lot of
• 7:35
  people and I hate using the term smart money, but there is a lot
• 7:40
  of smart money, quote UN quote, that is starting to realize it's
• 7:47
  probably a lot more profitable to just accept Bitcoin in some
• 7:52
  fashion. And is that not the Bitcoin
• 7:55
  incentive theory? Literally Satoshi said this in
• 7:59
  the the earliest days of Bitcoin that yeah, it's probably more
• 8:03
  beneficial to just use the network to mine the network to
• 8:07
  profit off this network to hold Bitcoin than it is to fight
• 8:12
  Bitcoin. And this is where the idea of
• 8:16
  are we leaving the early adopter phase and going into the early
• 8:20
  majority phase? And it might be early in that
• 8:25
  jump in that, you know, transition, but I think it's
• 8:30
  completely underway. And I know a lot of us aren't
• 8:32
  the biggest fans of the institutions.
• 8:35
  I know a lot of us don't like the suits, but they're here and
• 8:41
  they're not only here. They want to participate in our
• 8:45
  events in the Bitcoin conference.
• 8:48
  And I know a lot of people were a little, I guess, upset about
• 8:51
  that, but I think it's fundamentally showing us that
• 8:55
  Bitcoin is maturing, that Bitcoin is growing out of this
• 8:59
  small, dark corner of the Internet and it's getting
• 9:03
  ushered into the main, the mainstage, the mainstream.
• 9:08
  And we're here to watch all of this happen.
• 9:11
  I I do kind of agree with him that this is probably going to
• 9:14
  be the best time to be in Bitcoin.
• 9:17
  Now. Maybe we're not going to be
• 9:18
  getting, you know, the incredible million plus percent
• 9:21
  gains that the OGS got from 2010 to now.
• 9:25
  But I still think there's a lot of room left in the Bitcoin
• 9:29
  price action and also the adoption phase of Bitcoin.
• 9:32
  I think we are, I don't want to say at the beginning of the S
• 9:35
  curve adoption, but you know, I don't want to be too bullish,
• 9:39
  but man, it, it does feel, you know, Sailor said it, the
• 9:43
  Cambrian explosion of Bitcoin. It does feel like it's closer
• 9:46
  than ever. Anyways, going back to my notes
• 9:48
  here again, of course, we've been covering the next point
• 9:51
  that I want to cover is literally every institution is
• 9:53
  bullish. We've gotten to the point where
• 9:55
  they stopped fighting us, which I just basically said to.
• 9:58
  Now they're ushering in their own Bitcoin products.
• 10:03
  Like literally the very people that used to say Bitcoin's an
• 10:06
  index of money laundering. It's only for criminals.
• 10:09
  I will never touch this. Quit asking me about Bitcoin.
• 10:12
  I'm tired of talking about Bitcoin now.
• 10:15
  They're literally trying to not only take as much Bitcoin from
• 10:20
  you as possible, but take as much of the, I take as much of
• 10:26
  the pie of the Bitcoin industry as possible because we realizing
• 10:29
  one thing. Actually, I saw a really
• 10:31
  interesting report and maybe I'll cover it for you guys
• 10:33
  tomorrow. But the report came out
• 10:36
  yesterday, I believe, and it was basically saying that not only
• 10:41
  are the banks and institutions losing out in terms of Bitcoin,
• 10:45
  but they're also losing out in terms of traditional banking
• 10:48
  because of all the upstarts that are in the Bitcoin space.
• 10:53
  They are in an existential crisis.
• 10:55
  As much as we feel like we're in an existential crisis in terms
• 10:58
  of our identity, they're in an existential crisis in terms of
• 11:02
  their business models because of what is happening in the Bitcoin
• 11:06
  space. This is probably why we're
• 11:08
  seeing the banking lobby freak out so much about the Clarity
• 11:10
  Act. And because they realize they
• 11:14
  might not be able to compete. Yes, they have all the, you
• 11:16
  know, they got more money than God.
• 11:18
  They got the biggest lobbying groups in the world.
• 11:22
  But when an ideas time has come, you can't stop the tsunami.
• 11:30
  It's a good time, it's a good day.
• 11:31
  I I'm actually a little more surprised with the clips that
• 11:34
  I'm seeing from the Bitcoin 2026 conference.
• 11:37
  Obviously nothing that was as groundbreaking as say maybe a
• 11:41
  nation state adopting Bitcoin. You know, nothing like the first
• 11:47
  time a soon to be president has talked about Bitcoin.
• 11:52
  But the foundation is very strong here.
• 11:54
  The bullish signal from the conference is very strong.
• 11:57
  Yes, it's coming from the suits. Yes, it's coming from the
• 11:59
  institutions, but it does feel like a tide shift.
• 12:04
  And then other things that we've talked about, obviously the
• 12:06
  Middle East mining Bitcoin. I've been saying for a while
• 12:09
  that right now at 70, what, 76 K is probably the least risky time
• 12:14
  to buy Bitcoin. We are no longer at the point of
• 12:17
  people wondering whether it's going to go to all time high
• 12:20
  again. We're like very sure it's going
• 12:22
  to go not only to all time high, but way past it.
• 12:25
  But now that everyone wants to get in, it seems like there's no
• 12:29
  risk left in investing or buying and holding Bitcoin.
• 12:34
  Now, of course, I the big the big story here, which was a
• 12:38
  little contentious on Twitter was that sound clip of Eric
• 12:42
  Trump saying the US government holds 300,000 Bitcoin and they
• 12:46
  are not selling. Now that's a very strong sound
• 12:49
  bite. It sounds very good.
• 12:52
  Obviously from a hardcore Bitcoin in perspective, it's
• 12:54
  like we haven't been able to verify whether we actually hold
• 12:58
  300,000 coins. And then even further, a lot of
• 13:01
  that coin that a lot of that 300,000 coins, I think it's a
• 13:05
  little more, I forget what the the number is.
• 13:07
  Wasn't it like 3 and some change?
• 13:09
  It's it's a little higher than that, but a lot of that coin
• 13:13
  that the US government supposedly holds and quotes,
• 13:19
  there are some court cases, there is some, some legal
• 13:25
  obligations to give that Bitcoin back to the victims of scams
• 13:31
  and, you know, exchange crashes. And that's where this contention
• 13:35
  is coming from. And that's where you can get a
• 13:37
  little cynical here where the idea is like, OK, do we actually
• 13:41
  hold that much Bitcoin? If they say they're never going
• 13:43
  to sell that Bitcoin, well, it sounds like they're not going to
• 13:45
  be giving that Bitcoin back to the victims of these crimes.
• 13:48
  And therefore we're seeing a pseudo 61-O2 happen.
• 13:53
  If the government gets your get a hold of your Bitcoin, not your
• 13:57
  keys, not your cheese, it's most likely never going to get back
• 14:01
  to you. And I've mentioned this months
• 14:04
  ago where it seems when we're hearing the strategic Bitcoin
• 14:07
  reserve announcements, it seems like the only way the, you know,
• 14:12
  the the only budget neutral way for them to get Bitcoin is for
• 14:17
  them to take Bitcoin from you. So with that being said, it's
• 14:23
  obviously more important than ever to make sure that you take
• 14:26
  Bitcoin into custody. You don't leave it on exchange.
• 14:29
  Because if there is some kind of collapse and you do end up in a
• 14:34
  legal battle trying to get over your bit, get trying to get a
• 14:37
  hold of your Bitcoin, it seems like you might not get it back.
• 14:42
  Now if you take all of that out of the the window, which is I
• 14:45
  think the biggest concern for all of us Bitcoiners, it does
• 14:50
  sound if you connect that with what we heard the other day, I
• 14:53
  forget who it was, I'm blanking on what position he had in the
• 14:58
  US government right now, but he said we are going to get a very
• 15:03
  big special announcements about the strategic Bitcoin Reserve
• 15:06
  very soon. We, we got an announcement of an
• 15:08
  announcement regarding the strategic Bitcoin Reserve.
• 15:11
  Now, in the context of this, what would that announcement be?
• 15:14
  What, what could be the bigger, the biggest announcement about
• 15:17
  the strategic reserve that we've heard since it was launched?
• 15:21
  It would be that they're acquiring Bitcoin, that they're
• 15:23
  buying Bitcoin. Now if we get that, then it does
• 15:27
  seem like their plans around Bitcoin are very serious, that
• 15:30
  they are taking Bitcoin very seriously.
• 15:32
  Obviously, Bitcoiners and the crypto enthusiasts, we're one of
• 15:38
  the driving forces that got Donald Trump elected.
• 15:41
  So it's going to be very interesting if we just see
• 15:45
  another politician gets what he wants and then he just
• 15:49
  completely ignores what his voters that got him into that
• 15:53
  position want. So the next few weeks is going
• 15:55
  to be pretty interesting in my opinion.
• 15:57
  And look, maybe the biggest Bitcoin strategic Bitcoin
• 16:02
  reserve announcement we've heard this year is going to be a
• 16:05
  nothing burger, which, you know, as the meme goes, nothing ever
• 16:08
  happens. I mean, at this point, nothing
• 16:10
  ever happened. It's so over and yet nothing
• 16:13
  ever happens. So, you know, I'm not really
• 16:15
  holding my breath on what this announcement is going to be.
• 16:21
  But the foundation here, the fundamental, as I said in the
• 16:25
  beginning of the show, Overton window shifting, the
• 16:28
  conversation shifting around Bitcoin, I think is way bigger
• 16:33
  than we want to lead on because it's not coming from a
• 16:37
  grassroots, you know, dudes and hoodies perspective.
• 16:41
  Because it does seem like Wall Street is here and we're kind of
• 16:46
  persuading Wall Street to really embrace us.
• 16:50
  And nothing's happened in the last year or so, actually two
• 16:54
  years basically. I mean, we, we have seen
• 16:56
  incredible ETF successes. We have seen incredible ETF
• 16:59
  inflows. Obviously, Saylor is putting on
• 17:02
  a master class in regards to marketing Bitcoin and putting it
• 17:09
  in products so that Wall Street capital can flow into Bitcoin.
• 17:14
  It is a, it's very, very interesting if you can step back
• 17:17
  a bit, be a little more objective about it and view what
• 17:21
  we're seeing happen right now and be like, man, are we on the
• 17:28
  precipice of an incredible bull run finally after what, nine
• 17:32
  years? Is this bull run?
• 17:35
  Is the next phase up going to be different because of the
• 17:38
  foundation that has been set? I know a lot of us don't want to
• 17:44
  really say it, but the Wall Street interest, the
• 17:50
  institutional capital interest, it's going to take us to a next
• 17:54
  level. I, I don't, I don't like to
• 17:58
  believe it either that the institutions are going to take
• 18:02
  us to the moon. Remember, we used to say we're
• 18:04
  going to the moon meme, man, good times.
• 18:07
  Now, Now we're like, no, not like this.
• 18:10
  I didn't want this to happen. I didn't want.
• 18:13
  This to happen. OK, All right, shifting the
• 18:16
  gears a little bit. I yes, guys, I I am early.
• 18:21
  Sorry. As I've been telling you guys,
• 18:23
  they are working on the roof here today and it seems like
• 18:26
  they're on lunch break. So I'm trying to get the show
• 18:28
  out through the lunch break so I don't get any, you know,
• 18:31
  exterior noise here. So I am early.
• 18:33
  OK, I am early. I know, I know, I know.
• 18:37
  This might be the only on time show that we have in a long
• 18:40
  time. All right, anyways, pivoting a
• 18:42
  little bit now, let's hear the VIP conversation that Eric Trump
• 18:49
  had, the behind the scenes conversation.
• 18:51
  This is in the deep. If you've ever been to the
• 18:53
  Bitcoin conference, there's the mainstage conversation.
• 18:56
  And then for the VIP crowd, like where the, you know, the buffet
• 18:59
  is behind the scene for the red carpet people, they usually hold
• 19:04
  smaller speeches with these influential people.
• 19:07
  And we got a you know, we got a clip here.
• 19:10
  We got an interesting clip here and shouts out to our boy G
• 19:13
  money. If you know G money.
• 19:15
  What I forget what his show is on Rumble.
• 19:20
  I don't know. You know our boy Pepe.
• 19:22
  It's Pepe something right? I I forget what your name is.
• 19:24
  Sorry, G money. Forgive me, I'm blanking on it,
• 19:27
  but he posted this and this one's a little stronger.
• 19:31
  It it's a little more interesting.
• 19:33
  And what the other clip I'm going to play for you guys in
• 19:36
  the numbers, it's really, it's really going to gel here.
• 19:39
  So here's the second clip. Security Strategic.
• 19:43
  Asset. Listen, we have to have the
• 19:46
  greatest monetary system in the world that is national security.
• 19:49
  When you, when you look at every country in the world, name the
• 19:51
  currency that anybody, I asked the, the big group in there, the
• 19:54
  thousands of people that we had in the other room, would anybody
• 19:57
  in here want to buy any other currency other than the US
• 19:59
  dollar, meaning if you weren't buying Bitcoin first and
• 20:00
  foremost, but would it? You know, everybody wants to be
• 20:04
  on the dollar, everybody wants to have the backing of the
• 20:06
  United States of America because guys, we are the greatest
• 20:08
  country with the greatest economy in, in the world.
• 20:10
  What what creates our power, You know, aside from, aside from a,
• 20:15
  a great system, aside from democracy and other things to
• 20:17
  you, but it's like we have the greatest, safest, best financial
• 20:22
  system in the world. Not to say that we don't have
• 20:24
  flaws because I could sit here and I can go on about the flaws
• 20:26
  for for hours, but we are, we are hands down by far better
• 20:29
  than anybody. And that's what gives our
• 20:32
  country such power. It's what makes us the economic
• 20:34
  powerhouse. You look at our country, we're a
• 20:37
  $33 trillion economy and going up fast.
• 20:40
  We've outpaced Europe over the last 15 years by by by double
• 20:44
  digits by two XI mean we've, we've, we've grown 2X faster
• 20:48
  than than Europe has. If you look at our $33 trillion,
• 20:51
  what's China as an economy? It's about 22 and a half, $23
• 20:55
  trillion economy and we have what, you know, one fifth, one
• 20:58
  sixth, the amount of people, no one competes with the economic
• 21:02
  powerhouse of the United States of America.
• 21:03
  And so we better win. And so is is Bitcoin national
• 21:08
  security? Of course it is.
• 21:09
  You know what's better than than investing in an asset that
• 21:12
  historically over the last 10 years has grown at 70% average
• 21:16
  year over year for the last decade.
• 21:19
  You ever want to talk about getting out of national debt?
• 21:21
  That's your way to do it. Aside from growth, that's your
• 21:24
  way to do it. That's a great way to to to plug
• 21:27
  that problem, right. So that's national security.
• 21:29
  Your deficit is national security.
• 21:31
  If you have met less debt, you can spend more on education, you
• 21:36
  can spend more on your military, you can make spend more making
• 21:38
  sure that we remain the superpower of of the world.
• 21:42
  And so having, you know, cryptocurrency dominance, having
• 21:45
  Bitcoin dominance controlling the mining, controlling the
• 21:50
  ecosystem, supporting the ecosystem, safeguarding the
• 21:53
  ecosystem. Congratulations, that is
• 21:56
  national security, not to mention all the other attributes
• 21:59
  that the cryptosphere can provide to obviously the
• 22:02
  Pentagon and to generals and, and, and to a lot of other
• 22:05
  things. Guys, we are bringing into this
• 22:07
  country aside from just Bitcoin. You know, if you want to look at
• 22:11
  stablecoin, we are bringing in literally almost trillions of
• 22:15
  dollars a year in into fixed income, right?
• 22:18
  And into securities that we would have never otherwise been
• 22:21
  able to bring into this country. Because you have people sitting
• 22:24
  in distant lands that want to own something backed by America.
• 22:30
  And that's a beautiful thing for this country.
• 22:32
  That's a beautiful thing for this economy and that's a
• 22:34
  beautiful thing for national security.
• 22:36
  So are we going? To see oh, you know, not the
• 22:39
  biggest fan on the stablecoin stuff there, but it does remind
• 22:46
  me and I I think at this point everyone should probably go read
• 22:49
  my boy Mark Goodwin's book the Bitcoin dollar system.
• 22:53
  It's playing out in real time now.
• 22:56
  I thought the framing of this is very interesting though in the
• 23:00
  contact, obviously he went very hard.
• 23:02
  He's the president's son he's pro America, obviously.
• 23:06
  Excuse me one second, guys. And the framing, though, which
• 23:10
  is something we've been saying here on the show for a long
• 23:12
  time, it's like, look, if you think Fiat currencies are going
• 23:15
  to collapse, the dollar is going to be the last Fiat currency to
• 23:21
  collapse. It's the, you know, it's the
• 23:24
  strongest turd in the turd pile. And yet if you look at demand in
• 23:32
  terms of stable coins, in terms of dollars, in terms of the
• 23:34
  world's perspective about wanting dollars, everyone wants
• 23:38
  big or sorry, everyone wants dollars.
• 23:40
  It's the best currency. It's it's the best, you know,
• 23:43
  shiniest turd in the race. But using this idea here and,
• 23:48
  and there was some stuff in there that I'm not the biggest
• 23:50
  fan of. And like, obviously he's saying,
• 23:53
  like US needs to control Bitcoin mining.
• 23:57
  We need to onshore everything. You know, we need to be the
• 24:00
  leaders here so that we can the the you know, the silver lining
• 24:04
  here, or maybe the reading between the lines is so that we
• 24:07
  can control this network, which is a whole nother cans of cans
• 24:10
  of worms. The framing here is pretty
• 24:13
  interesting in terms of and, and he referenced his speech on the
• 24:17
  stage, which was, and, and again, I'm going to butcher it,
• 24:20
  but he said something on the lines of like, if you look
• 24:24
  around the world, you want to basically own the best currency.
• 24:28
  You want to own the best money for the last, you know, 15
• 24:32
  years. Most people consider the dollar
• 24:34
  the best money or the best currency, however you want to
• 24:36
  frame it. And now we're getting to the
• 24:38
  point where people are realizing, wait, no, the best
• 24:42
  thing you want to hold is Bitcoin.
• 24:45
  And if the president's son is thinking this, you can think
• 24:47
  that, you know, Donald Trump, President Donald Trump is not
• 24:50
  the smartest guy in the room. I, I would actually take the
• 24:52
  opposite of that. I, I think he is a very savvy
• 24:56
  person. Yes, he's got his fault.
• 24:58
  So I'm not, I'm not saying I'm like a pro Trump Magotard
• 25:01
  person, but I'm just saying you, you don't get to the level that
• 25:04
  you get if there isn't something about you that is incredibly
• 25:09
  savvy. And if his son is still thinking
• 25:13
  in this way that yes, the world is waking up to the fact that
• 25:16
  you want Bitcoin, I think the framing is very interesting.
• 25:19
  And then obviously we've already been hearing this for a while,
• 25:22
  this idea that Bitcoin is a national security concern.
• 25:25
  We saw the four-star general say it.
• 25:27
  You know, Jason Lowery's been saying it.
• 25:29
  Our boy G Money's been saying it.
• 25:30
  Bitcoiners have been saying this for a very long time, that if
• 25:33
  you want to compete in the 21st century, you need to use the
• 25:39
  21st century money, which is of course, Bitcoin.
• 25:42
  If you want to compete in the digital world, you need to use
• 25:48
  Bitcoin. And I'm not going to say, you
• 25:50
  know, digital currency or digital assets or, or whatever
• 25:52
  the framing is, it's like, no, it, it is a, a very strong line.
• 25:57
  If you want to compete in the world that we live in, you need
• 26:02
  to use Bitcoin. You need to embrace Bitcoin and,
• 26:06
  and not in a way that you want to, you know, fool all the
• 26:09
  Bitcoiners get their votes, Embrace Bitcoin so that you can
• 26:12
  control Bitcoin. No, you want to basically give
• 26:16
  good soil so that Bitcoin entrepreneurs can build and then
• 26:21
  of course, so that people can use and save in Bitcoin.
• 26:24
  And it's funny, when I bring this up, a lot of people in the
• 26:26
  chat, they always get mad at me and they're like, look at these
• 26:30
  UN American bitcoiners. You know, they, they must love
• 26:33
  China or something. And it's like, no, I, I don't
• 26:35
  have my patriotism, my love for my country wrapped up in a
• 26:40
  Federal Reserve note. I don't have my my, you know,
• 26:44
  love for where I'm from because of the paper dollar IOU note
• 26:50
  that we use. I think it's very, very simple
• 26:55
  for us to embrace Bitcoin and yet still maintain everything
• 26:59
  that I love about my country. And I think if you live around
• 27:01
  the world, you probably think the same way.
• 27:03
  It's like my money doesn't change the country that I come
• 27:07
  up come from. Look at what happened in El
• 27:09
  Salvador. If anything, El Salvador
• 27:12
  embraced Bitcoin. They were probably like the
• 27:14
  worst country in the world, $32 billion GDP, basically a speck
• 27:19
  in the global map. They embrace Bitcoin.
• 27:22
  Yes, you could argue and say that there might be some form of
• 27:26
  authoritarianism that you don't like, but from everything I've
• 27:31
  seen on El Salvador, it seems like the Salvadorians love their
• 27:35
  country even more so because they have embraced Bitcoin.
• 27:38
  Yes, there was some obstacles, some kinks.
• 27:41
  It wasn't perfectly rolled out. There was some things to be mad
• 27:45
  at and concerned about. But now, from all of the, you
• 27:48
  could say propaganda that I've seen, all the social media posts
• 27:51
  that I've seen looks like the country's better, and it looks
• 27:54
  like the people love their country more.
• 27:55
  It looks like people are moving back to their country.
• 27:59
  So I repeat what I always say. I think Bitcoin is as American
• 28:03
  as apple pie. And I know everyone's like, oh,
• 28:05
  America didn't create apple pie. Yeah, whatever.
• 28:07
  Doesn't matter, man. It's, it's the saying Bitcoin is
• 28:12
  the American ideals secured. What's what's they always say
• 28:16
  secured in cyberspace by the goddess of wisdom or knowledge.
• 28:23
  I, I forget what he's saying. I I forget what he's saying, but
• 28:27
  the reason I wanted to play that clip as well is because we got a
• 28:31
  brand new clip from Pete Hagseth.
• 28:36
  He's what the Defense Secretary here last week, we got the
• 28:40
  four-star Admiral saying something that maybe you can,
• 28:44
  you know, you can look at me like he really doesn't know what
• 28:49
  he's talking about. But there there is, maybe
• 28:51
  there's a memo here, you know, maybe this is the ballroom memo
• 28:54
  in terms of Bitcoin being a national security concern or
• 28:57
  national national security asset.
• 29:03
  But even if there is a semblance of truth, even if it's
• 29:06
  directionally correct, I think they're starting to realize
• 29:10
  that, yes, we actually can't fight Bitcoin.
• 29:13
  If we want to win in the world that we live in, we might
• 29:17
  actually have to embrace it. Obviously the politicians are
• 29:20
  thinking, all right, we're going to embrace it, but when it put
• 29:22
  safeguards on it because that, you know, that's going to be the
• 29:27
  protection of the customer, etcetera, etcetera, etcetera,
• 29:31
  whatever. Bitcoin is the Trojan horse and
• 29:35
  if they just give us a little bit of wiggle room, Bitcoins
• 29:39
  going to completely take over. Things are going to be
• 29:42
  fundamentally different and we're going to be living in a
• 29:45
  different world. It might actually be the golden
• 29:47
  age, it'll be the orange age, it'll be the Bitcoin age.
• 29:52
  But as we know, as we've been saying for a long time,
• 29:56
  Secretary of War, thank you. I'm not trying to, I'm trying
• 29:59
  not to SIM for politicians. Really, really what I said
• 30:03
  before I I'm seeing the comment, guys.
• 30:04
  Sorry, I'm, I'm seeing the comment.
• 30:09
  Really what I said when I saw this this morning, my initial
• 30:13
  reaction was like, look, I know he's a politician's son.
• 30:18
  I know I even said it. I think on Monday or no,
• 30:21
  Tuesday, I'm like, yeah, I know he's a politician.
• 30:25
  And that was in terms of Nick Begich, the congressman.
• 30:28
  And I was like, I, I know they're politicians.
• 30:31
  I know their jobs to lie and say what you want to, to be heard,
• 30:36
  but you got to like that rhetoric.
• 30:38
  It's very good rhetoric. Now, the real follow through is
• 30:42
  that can we see some action here?
• 30:44
  Is it going to be more than words?
• 30:46
  If it's just words, I'm with you.
• 30:49
  I will crash out harder than anyone else.
• 30:53
  But if it's more than words and we do see some action that does
• 30:56
  benefit us as Bitcoiners, can we really be mad?
• 31:02
  Are we, are we going to be so cynical that even if they do
• 31:05
  something good for us, we're still going to hate them?
• 31:08
  I don't know. I, I guess I must be naive and
• 31:10
  ideological because I still believe that yes, there are some
• 31:14
  people out there as politicians that actually do want to fix the
• 31:17
  system. I know there's a grand Uni party
• 31:20
  conspiracy. And actually it's not even a
• 31:22
  conspiracy. It's not even a conspiracy.
• 31:24
  And I will cover some stuff because Thomas Massie made a
• 31:27
  huge post that will in fact lean into that uni party idea.
• 31:33
  But I still want to believe that there are some politicians that
• 31:39
  are just as sick and tired of how things are going as we are.
• 31:44
  And they are trying to. They're trying to fix the world.
• 31:49
  Obviously there's a big, there's the great leviathan, there's a
• 31:52
  big machine that they're fighting against.
• 31:54
  And one cog isn't going to bring down the entire machine.
• 31:57
  It's is going to take an organized effort from every
• 31:59
  single one of us, whether they're politicians or a normal
• 32:02
  person. But if you are not at the levers
• 32:05
  of power, then what are we doing?
• 32:09
  We're just complaining and whining and that that we're not
• 32:11
  changing anything. Your Twitter posts aren't
• 32:13
  changing anything. We need people in power or we
• 32:17
  need bitcoiners to rise in power so that we can change things.
• 32:21
  And the best we have right now is some really good rhetoric.
• 32:26
  But if that doesn't start changing the conversation, well,
• 32:31
  we got a, we got an uphill battle.
• 32:33
  And then actually on that point, I do see the very negative,
• 32:36
  cynical view of this, where this could go very bad for us if the
• 32:43
  Democrats, at least in the US, at least in the US, if the
• 32:45
  Democrats get back into power in 2028, 'cause there's going to be
• 32:50
  some vengeance and Bitcoin is going to totally be on the top
• 32:55
  of the list. So, you know, I don't, I don't
• 33:00
  want to go full like, I want to support these people.
• 33:04
  I'm just saying I like what they're saying.
• 33:06
  It sounds good. I, I don't want to come back
• 33:09
  here with my tail in between my legs and be like, hey, look, I
• 33:11
  fell for it. Again.
• 33:13
  I'm trying to be objective of what they're saying.
• 33:15
  And also I want to see some follow through.
• 33:19
  But we got to remember what the stakes here are.
• 33:23
  The Dems might take the midterms if they take the 2028
• 33:27
  presidency. Guys, let's just put it this way
• 33:31
  simply. Bitcoin might not be based in
• 33:34
  the US anymore. We might actually have to get
• 33:37
  out of here. It, it could get very vicious.
• 33:40
  They're they're they're coming with a vengeance.
• 33:42
  So I hope more people hear stuff like this, wake up to the fact
• 33:47
  that, yeah, I actually want Bitcoin.
• 33:49
  It is going to benefit me. But on the flip side, we all
• 33:53
  know what the, what the, you know, the Dems think about
• 33:56
  anything the Trump family says. Their whole political ideology
• 34:00
  is just do the opposite of what the Trump's are doing.
• 34:03
  That's literally their entire basis.
• 34:05
  That's all they do. And I'm not trying.
• 34:07
  You guys know me. I'm I'm, I try to be as
• 34:09
  apolitical as possible. You know, I feel politically
• 34:13
  homeless. But 2028 might get very
• 34:19
  interesting if the Dems get back in power because they're they're
• 34:25
  they're going to come with a vengeance for all of Bitcoin and
• 34:29
  every bitcoiner. The very least the gulags will
• 34:32
  be pretty lit. Right.
• 34:33
  Let's send off the overseas. All right, that's a good one.
• 34:38
  All right, that's a good one. OK, OK, that's a good one.
• 34:43
  You got me. You got me.
• 34:48
  That's a good one. OK, alright.
• 34:50
  Anyways, I'm going to keep it moving because I just realized
• 34:53
  I've been ranting for 35 minutes on this topic.
• 34:55
  Quick commercial break. I'll be right back.
• 34:57
  We're going to talk about what Pete Hegseth just said
• 35:00
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• 37:18
  I saw senor senor gringo papi saying I'm lagging.
• 37:21
  Hopefully I'm not lagging. Let me know in the chat am I, am
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  I good? It looks like I'm good OK,
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  anyways, the current Bitcoin price is $76,280.
• 37:34
  The discount from all time high is 39 1/2%.
• 37:37
  The market cap is 1.53 trillion and the block height is 947,310
• 37:44
  and guys, forgive me it, it sounds like that it sounds like
• 37:49
  we might have some background noise.
• 37:51
  I don't know if you guys can hear that right now, but I'll,
• 37:53
  I'll, I'll try to get through this as quickly as possible.
• 37:56
  Anyways, we got an interesting clip coming out of the Bitcoin
• 38:00
  Policy Institute and it is kind of piggybacking a little bit
• 38:05
  about what we saw. The four-star Admiral, his name
• 38:09
  was like Paparo, I think, and it is on the idea of Bitcoin as a
• 38:14
  national security concern. And we got Pete Hagseth, which
• 38:19
  is what Secretary of War, he just got asked about this and he
• 38:27
  is echoing the same thing. But there is a little, there's a
• 38:30
  little sound bite in here that is pretty interesting to me.
• 38:35
  On the one hand, it's interesting in the sense of what
• 38:38
  might happen. On the other hand, it's a little
• 38:41
  concerned about what how this is going to affect me and you as a
• 38:45
  individual. So let me, let me play the clip
• 38:48
  and then and then we'll chat about it.
• 38:51
  Over the past decade, Bitcoin has evolved from a fringe asset
• 38:55
  into a matter of national security.
• 38:57
  Iran has demanded Bitcoin as a toll for transit through the
• 39:00
  Strait of Hormuz. North Korean cyber actors have
• 39:03
  leveraged it in ransomware campaigns, and China is believed
• 39:06
  to be stockpiling substantial holdings as part of a strategic
• 39:09
  reserve. Just last week, Indo Paycom
• 39:12
  Commander Admiral Paparo stated that Bitcoin has direct
• 39:15
  implications for power projection and he noted that
• 39:17
  Indo Paycom is operating a node on the Bitcoin network and
• 39:20
  furtherance of that mission Secretary.
• 39:23
  Do you share the opinion that Bitcoin is a tool?
• 39:26
  To project power and are there any department wide initiatives
• 39:29
  to ensure the US secures A strategic advantage in Bitcoin
• 39:32
  and combats China's digital authoritarianism.
• 39:37
  I guess my short answer would be yes and yes.
• 39:38
  Long and enthusiast of of Bitcoin and crypto potential and
• 39:43
  a lot of the things we're doing enabling it or defeating it is.
• 39:46
  Our classified efforts that are ongoing inside our department,
• 39:49
  which I. Do.
• 39:50
  Provide do provide us a lot of leverage in a lot of different
• 39:52
  scenarios. Did you guys catch that?
• 39:59
  Did you catch that little bit? 1?
• 40:04
  He said. We have classified efforts to
• 40:07
  either enable it or defeat it. Now I'm not sure if he was
• 40:14
  referencing. The China's push for their
• 40:18
  strategic Bitcoin reserve because I am seeing rumors and
• 40:21
  people talk about that fact that it seems like China is very
• 40:25
  seriously not maybe not just considering but actively working
• 40:30
  on a strategic Bitcoin reserve by any other name because the US
• 40:34
  government has has done this because Trump came out so pro
• 40:37
  Bitcoin or at least you know rhetorically so pro Bitcoin and
• 40:41
  we on paper launched A strategic Bitcoin reserve.
• 40:44
  So there's 22 points here one it seems like the nation state
• 40:48
  race, the nation state game theory of acquiring and
• 40:52
  proliferating Bitcoin in their country.
• 40:54
  Obviously in China it's not going to happen the same way it
• 40:57
  happens here per SE but you know there's two points in there he's
• 41:02
  basically like yeah confirm China is totally doing a
• 41:05
  strategic Bitcoin reserve they're totally you know working
• 41:08
  on it maybe acquiring Bitcoin, maybe silently buying Bitcoin
• 41:11
  for it. 2 of course we all know the Iran Strait of Hormuz
• 41:16
  Bitcoin payments kind of idea another Overton window shift.
• 41:20
  But in that context of that clip, on the one hand, I don't
• 41:26
  know if he's saying we are trying to defeat China in the
• 41:31
  strategic Bitcoin reserve race or did he say he cuz he just
• 41:36
  said defeat it. Is this where all the quantum
• 41:40
  FUD is coming from? Are they trying to shut down the
• 41:47
  Bitcoin network, you know, classified efforts to enable or
• 41:51
  defeat it? I don't know man.
• 41:56
  The classified efforts is interesting, which really goes
• 41:59
  into the first segment of this show, which we have been
• 42:03
  covering for weeks and actually years now that we here at simply
• 42:09
  Bitcoin. Nikko and I in particular, I,
• 42:12
  I've been like totally convinced that the US government is
• 42:16
  stacking Bitcoin. I I think it would be a real
• 42:20
  dumb move to come out and be so pro Bitcoin and then not
• 42:24
  actively acquire Bitcoin. Like that's, you know, you just,
• 42:29
  it's just not the smartest move. Like yeah, you say you're pro
• 42:31
  Bitcoin because you kind of have to and then you continue to
• 42:36
  accumulate Bitcoin. And then finally, once you got a
• 42:40
  position that you feel comfortable with, that's when
• 42:43
  you announced that you have been acquiring because that's going
• 42:47
  to start a FOMO chain that's going to start more people
• 42:51
  trying to acquire Bitcoin. So it doesn't make sense to go
• 42:55
  out there and basically Telegraph every single one of
• 42:57
  your buys. Now is that the classified
• 43:02
  efforts to enable it? Again, I don't know what they
• 43:05
  what even means by defeat it. Now, all that conversation is
• 43:08
  completely besides the point. If Bitcoin was being talked
• 43:16
  about at the levels that it has been talked about in previous
• 43:22
  years, the Bitcoin price would have went absolutely nuclear.
• 43:28
  And here we are in the big 26. Like man, it doesn't matter.
• 43:32
  It's just rhetoric. It's just politicians.
• 43:36
  They don't actually understand Bitcoin.
• 43:38
  It's like it, dude. They are what in the last two
• 43:42
  one week it's been one in the last week, we've heard a very
• 43:47
  similar sentiment. Bitcoin is a national security
• 43:51
  matter and you can take that in various ways.
• 43:55
  Obviously in terms of sanctioned and and skirting OFAC, you know,
• 44:00
  trying to control capital control of of money, trying to
• 44:06
  make sure that bad people don't use it.
• 44:08
  Obviously that's one angle of it.
• 44:11
  Now the other angle is basically what US bitcoiners have been
• 44:15
  saying forever. If you sleep on Bitcoin and you
• 44:18
  don't embrace it, you are losing out.
• 44:22
  It's no longer a question of if you should buy Bitcoin.
• 44:26
  It's really a question of how much should you buy Bitcoin.
• 44:31
  I, I think we've gotten way past the, oh, you know, Bitcoins good
• 44:36
  or bad, I don't want to touch it to how can we acquire Bitcoin?
• 44:44
  It's a subtle shift, but it's a big shift.
• 44:48
  And that is part of the broader, that's part of my more bullish,
• 44:52
  you know, bull case here is I know we are still in a four year
• 44:57
  cycle or at least seemingly 4 year cycle.
• 45:01
  It's playing out exactly as it always has.
• 45:03
  It's right in the same timeline and I'm always wrong when I say
• 45:07
  this time is different and maybe the price isn't different, but
• 45:14
  in terms of the conversation, in terms of the Overton window, in
• 45:17
  terms of the public acceptance and consciousness surrounding
• 45:22
  Bitcoin, we've, it's, it's fundamentally different.
• 45:25
  There's there's so many clips that I could have paid, paid,
• 45:29
  played for you guys from the Bitcoin conference that are just
• 45:33
  showing how different this time is.
• 45:36
  In particular, Morgan Stanley, head of digital assets.
• 45:40
  She was out there basically saying like we are recommending
• 45:43
  2 to 4% and our Bitcoin advisors haven't even been able to shell
• 45:49
  it to our customers yet. Most of the Bitcoin buying
• 45:52
  through the Morgan Stanley ETF, which is their best, most
• 45:55
  successful ETF launch in the history of their ETF launch.
• 45:59
  It was all self-directed buys, which is basically another way
• 46:04
  of saying that it was their clients that took it upon
• 46:06
  themselves to buy Bitcoin. Their 10s of thousands of
• 46:10
  advisers didn't even get the opportunity to go out there yet
• 46:14
  and and push Bitcoin on them. And then we got another hedge
• 46:18
  fund manager basically saying like, yeah, we're not just
• 46:22
  recommending 4%, we're recommending 15%.
• 46:26
  What was it? Charles Schwab says, hey, if you
• 46:29
  are bullish on Bitcoin, if you're willing to kind of
• 46:31
  stomach the risk, we'd recommend as high as 22%.
• 46:36
  There was a check banker who basically said if you just add
• 46:39
  1% to your portfolio, the outside returns versus risk
• 46:43
  ratio blows every portfolio out of the water.
• 46:47
  So we got all of the institutions shilling Bitcoin
• 46:50
  are at the very least building the educational foundation for
• 46:53
  them to shield Bitcoin. We have presidents talking about
• 46:58
  Bitcoin, we have military officials talking about Bitcoin.
• 47:04
  And maybe these aren't the people you like, obviously, but
• 47:09
  oh, oh, they're hammering up there.
• 47:10
  Hopefully you guys can't hear that.
• 47:12
  But does that not just show you how different the conversation
• 47:16
  is around Bitcoin this time? We thought this was going to
• 47:20
  happen in 2021. Here we are in 2026 at the
• 47:25
  bottom of a bear market, and it's like the most bullish
• 47:29
  statements, most bullish rhetoric we've ever heard about
• 47:32
  Bitcoin. It's almost as if Bitcoin has
• 47:33
  already been accepted by every single person on planet Earth.
• 47:37
  Obviously we're not there, but the shift in rhetoric, in
• 47:42
  acceptance, I, I think it's going to fundamentally change
• 47:47
  where we are when Bitcoin starts running again.
• 47:52
  I think we're on the verge of something, something magical.
• 47:55
  Anyways, guys, I am going to keep it moving because I, I want
• 47:57
  to, I'm, I'm going to kind of power through the rest of the
• 48:00
  show because it seems like I might, I might get some noise
• 48:03
  above me. So quick commercial break.
• 48:06
  I'll be right back. I want to give a shout out to
• 48:09
  our partner, Leaden. Here's something most Bitcoin
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  Leaden's perfect $10 billion track record through every
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  I want to give a shout out to our partner Bit Key.
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• 49:56
  This is a this is a good comment Foxy.
• 49:59
  Jokes on hexif. Where are the servers guys?
• 50:02
  Where are the servers? No one has been able to answer
• 50:05
  where the servers are. That's the big question.
• 50:09
  And then I guess down under Blues.
• 50:12
  So you guys aren't hearing the hammering.
• 50:13
  OK, then maybe, maybe I can I can chill out, but there's
• 50:19
  there's I'm not I'm not going crazy.
• 50:21
  There's definitely noise happening here, but apparently
• 50:24
  the mics aren't picking it up. So I might not have to stream
• 50:27
  from from my apartment. What often needs our help.
• 50:31
  OK, all right. You guys aren't you guys aren't
• 50:33
  hearing hearing the hammering. OK, cool.
• 50:36
  Anyways, so we're we are going to go into politics here a
• 50:42
  little bit. I know, I know, I know.
• 50:44
  Simply politics. It's annoying, but there are
• 50:47
  some implications for us as individuals, which obviously
• 50:52
  we've seen a worrying trend globally in something very
• 50:56
  similar. And the framing and the
• 50:59
  packaging of this is very concerning.
• 51:02
  And you may not like the people that are ringing the bell here,
• 51:06
  but it's not it's, it's not a good trend.
• 51:10
  OK, Anyways, what am I talking about here is from the Hill.
• 51:15
  And it goes. House approves reauthorization
• 51:18
  of warrantless spy powers. So the House on Wednesday
• 51:22
  yesterday approved the renewal of the nation's warrantless spy
• 51:25
  powers in a 235 to 191 vote that cleared the chamber with support
• 51:30
  from lawmakers on both sides of the aisle.
• 51:32
  The bill, which would renew Section Seven O 2 of the Foreign
• 51:35
  Intelligence Surveillance Act, or FISA, still has to clear the
• 51:38
  Senate by today. Section Seven O 2 of FISA.
• 51:43
  FISA allows the government to spy on foreigners located
• 51:46
  abroad, but it has long generated calls to include a
• 51:49
  warrant requirement before reviewing any information
• 51:52
  collected on Americans who communicate with over targets.
• 51:55
  The measure passed by the House on Wednesday includes modest
• 51:58
  reform to the program, including allowing a larger pool of
• 52:02
  lawmakers to review information presented to the Foreign
• 52:04
  Intelligence Surveillance Court. It extends Section 7-O2 for
• 52:08
  three years, longer than the 18 month request initially made by
• 52:12
  President Trump. OK, now you're probably like,
• 52:15
  what does this what, what does this have to do with Bitcoin?
• 52:19
  Well, let's go to Thomas Massie first, and he goes the has the
• 52:23
  House passed FISA Section 7-O2 renewal?
• 52:26
  Yesterday I voted no. This was a uniparty vote in
• 52:29
  favor of unchecked government surveillance without adequate
• 52:33
  warrants or accountability. Now, I know Thomas Massie isn't
• 52:37
  the most loved by the MAGA crowd, but he is a libertarian
• 52:42
  and I probably agree with, I wouldn't say all of it, but I
• 52:46
  agree with a lot of what Thomas Massie does and stands for.
• 52:51
  So you know, Thomas Massie using the rhetoric that we're so used
• 52:55
  to a uniparty vote in favor of unchecked government
• 52:58
  surveillance. Now, what is something we have
• 53:00
  talked about here on the show, the global push for digital IDs
• 53:04
  and CBD CS and how they work together, how you can't have a
• 53:08
  CBDC if you don't also have a digital ID.
• 53:11
  Or even further, what is what we've been talking about in
• 53:14
  terms of the Roman Storm and Samurai wallet dev that there is
• 53:18
  an active attack on privacy? Well, now it seems like the Dems
• 53:24
  and the Republicans have just voted to renew unchecked
• 53:28
  government surveillance on every single one of us.
• 53:32
  It's not a good luck. Now, going a little further, I
• 53:36
  saw this Marjorie Taylor Green post on this and it gives you
• 53:40
  some interesting, you know, background on this.
• 53:43
  And I know Marjorie Taylor Green now is on the outside of the
• 53:47
  Trump administration. She was once a very pro Trump
• 53:51
  congresswoman and now she's basically been kicked out.
• 53:56
  She left, well, she left because she was seemingly going to get
• 54:01
  kicked out and then Trump just went nuclear on her.
• 54:04
  So you could say that maybe there's some spite here, but
• 54:08
  this is where it does get a little interesting and does
• 54:11
  relate directly to Bitcoin and CBDC.
• 54:14
  So let's read this tweet. She goes.
• 54:16
  Do you want to know how bad it is or how bad this is?
• 54:20
  The House passed a FISA 7-O2 reauthorization yesterday
• 54:25
  without warrant requirements by adding a good bill that bans
• 54:28
  ACBDC with this reauthorization. That's how they tried to trick
• 54:33
  members of Congress. Dangle a ban on a CBDC.
• 54:37
  But you have to give up warrant requirements for Americans for
• 54:40
  FISA 7-O2. You get one thing you want, but
• 54:43
  you have to vote for a dirty deed to get it.
• 54:45
  But Dune says the House bill reauthorizing FISA 7-O2 is dead
• 54:49
  on arrival because of the ban on CBDC.
• 54:52
  And Johnson knew this ahead of time, which is even slimier.
• 54:55
  Take that in, the Republican leader in the Senate said
• 54:58
  there's no chance in hell the GOP controlled Senate will pass
• 55:01
  a ban on a central bank digital currency.
• 55:05
  Crazy. And the House and Senate
• 55:06
  together refused to pass any reauthorization of FISA 7-O2
• 55:10
  that requires the federal government to get a warrant from
• 55:13
  a federal judge before they use their super duper spy tools to
• 55:17
  spy on you. This is where her spike comes
• 55:20
  out. But I kind of agree with this.
• 55:22
  If you are still spinning under your MAGA hat, let me tell you
• 55:25
  in plain terms. Trump, who we all fought for and
• 55:28
  supported, and who was supposed to be the one one to drain the
• 55:30
  swamp and destroy the deep state and end the foreign wars,
• 55:33
  actually is the one demanding a clean reauthorization of
• 55:37
  warrantless surveillance capabilities with FISA 7-O2.
• 55:41
  And the vast majority of the Republican controlled House and
• 55:43
  Senate refuses to pass warrant requirements for American
• 55:46
  citizens on FISA 7-O2 and refuses to pass a bill banning
• 55:50
  ACBDC where your money can be controlled.
• 55:53
  This is not me saying it. This is me telling you exactly
• 55:56
  what their actions are, Literally what they are doing.
• 56:00
  And the dams are no better. They have changed nothing about
• 56:03
  their policies that failed America, have nothing new to
• 56:05
  offer, and they're only winning because Trump and Republicans
• 56:08
  betrayed campaign promises with an America last domestic agenda
• 56:12
  and another pointless foreign war in Iran.
• 56:16
  Now, because both parties are such American last losers, they
• 56:19
  are scrambling to state redistricting and gerrymandering
• 56:23
  as their political midterm strategies to fight the House
• 56:25
  seats. What a disaster.
• 56:27
  Look, I I get it, you know, and what's it Marjorie Taylor Green
• 56:33
  MTG. She is obviously on a warpath
• 56:40
  against Trump and MAGA, but this isn't good.
• 56:46
  OK. One, it only passed the House
• 56:51
  because there was a ban on CBDC's.
• 56:53
  And, and I saw a tweet earlier today and I didn't like it and I
• 56:58
  lost it. And it was literally another
• 57:00
  congressman basically saying like, we had to pass this
• 57:04
  because we want to ban the CBDC. And so this isn't just, you
• 57:08
  know, Marjorie Taylor Green saying things to really, you
• 57:12
  know, kick the hornet's nest. I, I was seeing congressman
• 57:16
  literally say this needs to pass because of a ban on the CBDC.
• 57:21
  And it's basically like slap a band of a CBDC on it.
• 57:26
  But the big bill, the, the meat of the bill is that they can
• 57:30
  basically surveil every single one of us without a warrant.
• 57:36
  And I saw another clip basically saying, and, and this is where
• 57:38
  like I'm so cooked. It was another clip, I forget
• 57:43
  who it was, but he was basically saying that we as an independent
• 57:48
  agency are surveilling all of American citizens for extremist
• 57:52
  behaviors. And it said in particular on
• 57:55
  cryptocurrency and podcast and social media.
• 57:58
  And I'm like, Bros, I'm so cooked.
• 58:02
  It's over for me. We had a good run.
• 58:05
  The gulags are going to be cool. If I even make it to the gulags
• 58:10
  guys, it's not looking good. It's literally the what Agenda
• 58:16
  2030 playing out in real time. They want to surveil us.
• 58:22
  They want us to own nothing and be happy.
• 58:24
  They want to pass a digital ID so that they can connect your
• 58:27
  digital ID to a CBDC system. That's basically what WeChat of
• 58:35
  China social credit scores. We are literally walking into
• 58:40
  the Orwellian future. That used to be a sci-fi kind of
• 58:44
  warning. And I I know some of you guys
• 58:48
  are still very pro Trump and and I really, you know, part of me
• 58:52
  really wants to see Trump and the conservatives do what what
• 58:57
  you want him to do, which is obviously protect us.
• 59:00
  Like I, I still want to believe that politicians will want to
• 59:03
  work for us, but I'm also politically homeless, a
• 59:09
  Bitcoiner that came to Bitcoin because it's a political and
• 59:13
  have been believing in the idea of a union party for a very long
• 59:16
  time. This is not me saying, oh you
• 59:18
  know, the dams are better than the Republican to the
• 59:21
  Republicans are better than the Democrats.
• 59:22
  I'm like, no, it's 2 wings of the same bird.
• 59:27
  And the system is so wholly controlled by forces that are
• 59:32
  out of our hands that they don't even consider what we want.
• 59:37
  They they are actively doing things that we don't want.
• 59:43
  And yet everyone just keeps saying, just vote harder.
• 59:49
  Just keep on voting, guys. It's not what we say.
• 59:52
  You know what we say? Take your money out of the
• 59:54
  system. Use a system they can't control.
• 59:58
  Get your money into Bitcoin. I know it sounds naive and
• 1:00:01
  ideological. But if you really want to change
• 1:00:05
  the system, the only way you can do that is where you you hit
• 1:00:10
  them where it hurts. You take your money out of it.
• 1:00:13
  All of the things that happen through politics is funded by
• 1:00:18
  literally money that they print for nothing, for free.
• 1:00:21
  They print it out of thin air. And This is why they're able to
• 1:00:25
  do everything that is actively hurting you and your family.
• 1:00:31
  This is why we're Bitcoiners. This is why we always advocate
• 1:00:33
  for you guys to, you know, work your job, provide value to your
• 1:00:37
  fellow man, but make sure you are saving some of that in
• 1:00:42
  Bitcoin because it is a system outside of the traditional
• 1:00:46
  financial system. It's a system outside of the
• 1:00:48
  paper money that is censorship resistant permission list that
• 1:00:53
  they can't control, they can't make more of.
• 1:00:56
  We've been saying it for a long time.
• 1:00:58
  You know, Fiat paper money is the currency of war and Bitcoin
• 1:01:04
  is the money of freedom and peace.
• 1:01:08
  I know it sounds too naive and I know, I know I go into politics
• 1:01:11
  now because we are growing up and I and I know that I'm not
• 1:01:14
  even the most savvy, you know, political pundit.
• 1:01:20
  But we look at all this through a Bitcoin lens.
• 1:01:22
  And what do Bitcoiners want? We just want a little bit of
• 1:01:26
  privacy. Well, maybe a little more than
• 1:01:29
  privacy. We want to be able to use
• 1:01:31
  Bitcoin as money. We want to be able to save in
• 1:01:34
  something that doesn't lose value every single year.
• 1:01:39
  It's not that crazy. Well, it is kind of crazy to
• 1:01:42
  most people, but for us, it's like this is, it doesn't seem
• 1:01:46
  that unreasonable to ask for this.
• 1:01:51
  An escape hatch is available. Have to use the resistance later
• 1:01:55
  on. Dude, we're cooked.
• 1:01:58
  We're so cooked. If that's the case.
• 1:02:01
  Oh, let's see. All right, I I kind of agree
• 1:02:07
  with Winsome here. All you can do is save in
• 1:02:09
  Bitcoin. Clowns who think they are the
• 1:02:10
  wolf of Wall Street are a waste of time and just feed the
• 1:02:14
  system. Buy and huddle.
• 1:02:16
  Honestly, bars. Bars.
• 1:02:21
  Life is like a river. I don't know, Simply cooked.
• 1:02:26
  Simply cooked, bro. It's so over, man.
• 1:02:29
  It is so over. You know, the only thing
• 1:02:35
  balancing it's so over is nothing ever happens.
• 1:02:41
  There's still hope for us, guys. There is still hope for us, OK?
• 1:02:46
  There is still hope. All right, Yeah, Stay humble
• 1:02:51
  stack SATS is the way. All right, I'm going to hit that
• 1:02:52
  commercial break because it, I don't know if you are you guys
• 1:02:56
  not hearing, you're not hearing the hammers and stuff.
• 1:03:00
  Well, anyways, I want to I'm going to keep it moving.
• 1:03:01
  So I'll be right back. I want to give a shout out to
• 1:03:04
  our partner Hive Digital Technologies.
• 1:03:07
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• 1:03:35
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  Hive Digital Tech or at Hive digitaltech.com.
• 1:03:42
  I want to give a shout out to our partnersat123.com.
• 1:03:46
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• 1:04:41
  All right, all right, all right. You guys are funny, you guys.
• 1:04:44
  You guys are funny. Dude.
• 1:04:47
  I think the streaming is actually making me go crazy.
• 1:04:50
  Maybe I am actually imagining the hammers above my head, dude.
• 1:04:56
  Niko's gone for a week and I start imagining that they're
• 1:04:59
  doing stuff on the roof. No, no, guys, I'm there there.
• 1:05:08
  There's actually construction going on, OK, I'm not I'm not
• 1:05:11
  imagining it, but apparently you guys can't hear it, so that's
• 1:05:14
  good to know. On that note, we'll see.
• 1:05:18
  Hopefully I'm able to stream from the studio tomorrow.
• 1:05:21
  If not, you might have to deal with a Friday makeshift show.
• 1:05:25
  But they're they're they're OK guys not going crazy.
• 1:05:29
  There's actually, there's actually hammers on the roof.
• 1:05:33
  OK, Anyways, anyways, Oh, Oh yeah, guys, I don't, I there's
• 1:05:42
  some feature here. I think 1's going to shorts like
• 1:05:47
  to, you know, the, the vertical format.
• 1:05:50
  I don't, I, I, I don't know. They just changed this on my
• 1:05:54
  streaming software. So I'll I'll figure it out if,
• 1:05:58
  if this is messing up for you guys on YouTube, I don't know.
• 1:06:02
  I, I, it was, it was there, it was locked in.
• 1:06:05
  And so I think there's one, there's like a vertical version
• 1:06:08
  for like a shorts format and then there's like the
• 1:06:11
  mainstream. I, I don't know, I don't even
• 1:06:14
  know how it's working and, and what it looks like.
• 1:06:16
  So I just, I'm doing a test here.
• 1:06:18
  So, OK, turns out Nico isn't even real, it's just been opted
• 1:06:23
  the whole time. Yeah, dude, yeah.
• 1:06:25
  Anyways, anyways, anyways, what I what I do want to talk about
• 1:06:30
  now that the Bitcoin conference is over and we kind of got a
• 1:06:35
  taste of well, not a taste. We obviously all basically saw
• 1:06:42
  the conversations that happened. It was a, it was a lot of, you
• 1:06:46
  know, suit focused. It was a lot of institutional
• 1:06:49
  conversations. It, it was it, it had a
• 1:06:53
  different feel than the old conferences.
• 1:06:54
  And, and I'm not saying it's a bad thing.
• 1:06:56
  I'm just saying it was different.
• 1:06:59
  And there was a lot of suits on stage and there was a lot of an
• 1:07:02
  institutional conversation and there were politicians and, you
• 1:07:07
  know, ABC man and president's kids and, you know, leaders of
• 1:07:13
  the big from the biggest banks in the world and hedge fund
• 1:07:16
  managers. And I played for you guys a clip
• 1:07:20
  yesterday of Dylan Leclair, who again, I consider him a good
• 1:07:24
  friend. I haven't talked to him in a few
• 1:07:25
  years. But we literally came up in the
• 1:07:27
  space around the same time, 20/17/2018 era.
• 1:07:31
  We were in the trenches on Twitter, you know, the hardcore
• 1:07:34
  ideological Bitcoin Maxis. We were battling the shit
• 1:07:37
  coiners where self custody maxies and wow, it's hot in here
• 1:07:46
  dude. I'm sweating like a pig anyways,
• 1:07:49
  and he said something interesting.
• 1:07:51
  He's like, look, in my early days before he got on the board
• 1:07:57
  of metaplanet for, you know, their Bitcoin treasury.
• 1:08:00
  He's like, I would have, I would have not understood that the
• 1:08:06
  only way for Bitcoin to go to the levels that we believe it
• 1:08:09
  will is for the institutions. It is for the Wall streets.
• 1:08:13
  It is for the black rocks of the world to embrace Bitcoin, to
• 1:08:17
  come into Bitcoin and realize that they need Bitcoin just like
• 1:08:23
  we need Bitcoin. I think we've been saying this
• 1:08:26
  not on not even on the show, but I've probably been tweeting this
• 1:08:28
  forever. It's like everyone needs
• 1:08:30
  Bitcoin, whether that's a individual or corporation, a
• 1:08:33
  country, everyone will be holding Bitcoin.
• 1:08:38
  And now that it's happening, we are seeing a little bit of
• 1:08:42
  friction here. We are starting to see a lot of
• 1:08:44
  people that are very upset about this happening.
• 1:08:48
  They're very upset that we talked about it.
• 1:08:50
  They're very upset that they're on stage at our conferences.
• 1:08:53
  They're, they're very upset that we are to some extent embracing
• 1:08:57
  them. And it's something I've been
• 1:09:00
  thinking about the last couple of days because obviously the
• 1:09:04
  Bitcoin conference is happening and there was a lot of people
• 1:09:08
  that boycotted this conference this year for that very reason.
• 1:09:13
  And, you know, so I'm on Twitter and I'm on the show and I see
• 1:09:17
  you guys in the chat and you're seeing a lot of people complain
• 1:09:19
  about the suits. And actually, the complaint
• 1:09:22
  about the suits has been happening for multiple years
• 1:09:25
  now, basically since BlackRock came into the space.
• 1:09:29
  You know, there's been a very real trend of an complaining
• 1:09:32
  about the suits. There's been, you know, the
• 1:09:34
  embracing of the suits. There's been the complaining
• 1:09:36
  about the suits. There's some of us in the
• 1:09:38
  middle. They're kind of like, you know,
• 1:09:40
  well, not the happiest about it, but I'm also really not mad
• 1:09:43
  about it. If they pump the price up, if if
• 1:09:45
  they're buying all the Bitcoin they say they are and we got
• 1:09:48
  number go up. It's like, hey, Bitcoin is for
• 1:09:50
  enemies. This is this is how it was going
• 1:09:52
  to happen. We all knew Bitcoin was going to
• 1:09:54
  be financialized. We all knew institutions would
• 1:09:56
  embrace Bitcoin, but it is very interesting to watch this happen
• 1:10:01
  in real time. The conversations that are
• 1:10:03
  happening on the stage, the conversations that are happening
• 1:10:05
  off the stage. And it really does feel like I
• 1:10:11
  said in the beginning of the show, we are, we are leaving the
• 1:10:14
  early adopter phase, maybe the more hardcore phase of Bitcoin,
• 1:10:18
  the, you know, the, the, this had to happen this way for
• 1:10:23
  Bitcoin to be in the hands of individuals.
• 1:10:26
  I saw a stat this morning and it was, you guys have to be hearing
• 1:10:32
  that it was 65% of all the Bitcoin is still in the hands of
• 1:10:38
  individuals. It's still self custody by
• 1:10:40
  individuals. So even though institutions are
• 1:10:42
  here and they're buying a bunch of Bitcoin, you know, millions
• 1:10:46
  of Bitcoin, the majority of Bitcoin is still held in the
• 1:10:49
  hands of individuals. But now that they're here,
• 1:10:52
  they're obviously getting a lot of the headlines, a lot of the
• 1:10:55
  fanfare. Obviously they're making huge
• 1:10:57
  Bitcoin buys. And you can see a lot of my
• 1:11:01
  friends and probably your friends and probably you and me
• 1:11:04
  at times where we get, I don't know, a little kind of this like
• 1:11:09
  gross, icky feeling. It's like, wait, what are we
• 1:11:11
  doing embracing BlackRock? What are we doing embracing Wall
• 1:11:14
  Street? I thought we were going to
• 1:11:15
  disintermediate Wall Street, but we are also in the phase where
• 1:11:20
  now everyone is going to start holding Bitcoin.
• 1:11:24
  So like the thing that we held that was this very niche
• 1:11:28
  revolutionary money going to change the world, is now
• 1:11:33
  crossing the Rubicon into mainstream consciousness.
• 1:11:38
  It's being embraced by the very people that we always thought we
• 1:11:43
  were fighting. And I think what is happening is
• 1:11:47
  that identity of who we are as people, as these
• 1:11:50
  revolutionaries, these hardcore, you know, libertarian
• 1:11:54
  cypherpunks like that, I think is what's being attacked right
• 1:12:00
  now. And, and I've been saying this
• 1:12:02
  in various ways on the show. What what's very interesting to
• 1:12:05
  me is it does seem like a lot of bitcoiners right now are holding
• 1:12:12
  on to that identity like they're they're they're very OK with
• 1:12:16
  being a big fish in a very small niche.
• 1:12:19
  They want to maintain their, their clout, their reputations,
• 1:12:25
  their influence. And as we enter into the big
• 1:12:28
  leagues, obviously, one, we don't have the capital that they
• 1:12:34
  that these institutions have. Further, a lot of us don't have
• 1:12:37
  the reach that these big institutions have.
• 1:12:40
  And I think people are starting to like, I don't know if panic's
• 1:12:46
  the right word, but they're trying to maintain like this
• 1:12:52
  idea of who they are as these hardcore revolutionaries.
• 1:12:57
  Whereas like me, maybe I'm kind of, you know, you guys know me,
• 1:13:01
  I'm not that humble, you know, I'm not, I'm not that humble,
• 1:13:04
  right? But I am, I am OK with Bitcoin
• 1:13:11
  going to the next level. And if that means that you guys
• 1:13:15
  don't want to watch us anymore, then so be it.
• 1:13:17
  That's the, you know, natural progression of what we're trying
• 1:13:21
  to do. But it also gives me this
• 1:13:25
  exciting kind of challenge that's like, OK, if we're
• 1:13:30
  leveling up, can we as a business level up?
• 1:13:33
  Can I as Opti, the communicator, the the charismatic character, I
• 1:13:39
  don't know what you want to call me the, the talking head, the
• 1:13:44
  what you guys say earlier, the revolutionary leader or
• 1:13:46
  whatever. Like can I rise to that occasion
• 1:13:50
  and get more people to really fall in love with Bitcoin like
• 1:13:55
  we did to really see what we see in Bitcoin?
• 1:13:58
  And to me, it's very exciting, but it's also, someone said it,
• 1:14:03
  I think it was yesterday, someone said it like, you know,
• 1:14:07
  you become a Bitcoin podcaster and now Bitcoin's super boring.
• 1:14:11
  And it's like, are we even going to have a job anymore?
• 1:14:16
  That's kind of where we are. Like now that every Charles
• 1:14:19
  Schwab normie, every Morgan Stanley normie can get into
• 1:14:23
  Bitcoin like 1, it does become boring in, in a certain respect,
• 1:14:29
  it does sort of lose that revolutionary edge that we love
• 1:14:33
  for so long that it does maybe make it seem like we're losing
• 1:14:38
  our identity of being the fighting the system man.
• 1:14:41
  Like what? You know where we're going to
• 1:14:43
  change things, bro. And it does make it seem like
• 1:14:46
  we're being complacent just because numbers go going up.
• 1:14:49
  But at the very same time, there's still people that are
• 1:14:51
  very hardcore about this. And I would say, you know, like
• 1:14:56
  I've, I've fundamentally built my whole life on this on, on
• 1:15:00
  those ideals that we are changing the system.
• 1:15:03
  This is a revolutionary movement.
• 1:15:08
  This is fundamentally going to change the fabric of our society
• 1:15:13
  and I want to do as much as possible to get Bitcoin into
• 1:15:17
  everyone's hands. This is why we do what we do on
• 1:15:19
  the show. You know, if you guys don't
• 1:15:21
  know, YouTube's what the second largest searching search
• 1:15:25
  platform on planet Earth behind Google and even it's owned by
• 1:15:28
  the same thing. So it's like This is why we do
• 1:15:31
  what we do. And you guys have fought me for
• 1:15:33
  years. Like why are you guys still on
• 1:15:34
  YouTube? Well, you know, I love Rumble.
• 1:15:37
  I love the guys that rumble. I love the platform, but if
• 1:15:40
  you're not on YouTube, you don't exist to the normie.
• 1:15:43
  And the whole goal here is get as many people to understand not
• 1:15:48
  only the right way, well, in my opinion, the right way to
• 1:15:52
  interact and use Bitcoin, but also make sure that some of that
• 1:15:57
  initial revolutionary spirit is still being propagated.
• 1:16:01
  Because if we let the suits do everything, it's going to be
• 1:16:04
  super boring. You know, they're going to come
• 1:16:06
  up here with their suit and tie. They're going to act super
• 1:16:09
  professional. They're going to speak in
• 1:16:11
  monotones. They're going to have their
• 1:16:12
  flashy whatever. And then you have, you know,
• 1:16:17
  you're going to lose the Rustins and the opties of the Bitcoin
• 1:16:20
  media space, the absolute lunatics here.
• 1:16:24
  And so like I'm rambling, I know, but it is super
• 1:16:30
  interesting to watch all this play out.
• 1:16:32
  Wall Street getting interested in Bitcoin.
• 1:16:35
  They literally someone said it best yesterday.
• 1:16:37
  It's like it's not that Wall Street's Co opting Bitcoin is
• 1:16:40
  that Wall Street needs Bitcoin to survive.
• 1:16:43
  I'm very on board with that. But I haven't built my whole
• 1:16:48
  identity on this view that big. Like I'm a superstar in this
• 1:16:52
  very small niche community. Personally, I'd much rather be a
• 1:16:57
  nobody, but Bitcoin is everything and everywhere.
• 1:17:02
  And at these crazy $10 million price prediction ranges, to me,
• 1:17:07
  that'd be way cooler. Yeah, maybe, you know, Simply
• 1:17:11
  Bitcoin doesn't last and become a institution, which is
• 1:17:15
  something I want to happen. I, I want Simply Bitcoin to be
• 1:17:19
  the media source from here on until whenever I retire and pack
• 1:17:24
  it up. But if that's not in the cards,
• 1:17:27
  so be it. Hopefully I've helped a lot of
• 1:17:30
  people along the way. Hopefully, you know, I got a
• 1:17:32
  little asterisk in the Bitcoin movement history.
• 1:17:40
  I, I'm sorry, I, I, I jumbled those, you know what I'm saying?
• 1:17:43
  I jumbled that one up, but I don't know, I, I think it's, I
• 1:17:47
  think it's a very interesting kind of perspective or rather
• 1:17:51
  maybe experiment that we, we just saw play out because it's
• 1:17:57
  I, this is basically my, my thesis here.
• 1:18:01
  Like things have changed. Now.
• 1:18:06
  Can we continue to, to trudge along to, you know, truck along
• 1:18:12
  and push the revolutionary spirit in the face of the
• 1:18:16
  institutions coming in? Can we make sure that more
• 1:18:20
  people are taking self custody instead of just buying ETFs?
• 1:18:24
  Can we make sure that, you know, people are running nodes so that
• 1:18:27
  the network stays decentralized? Can we make sure that the hash
• 1:18:32
  rate isn't being controlled by a couple of companies that can be
• 1:18:35
  shut down or rather tapped on the shoulder?
• 1:18:40
  I think we can, you know, can Bitcoin even be quantum proof?
• 1:18:44
  I, I, I'm not, I don't think quantum computing is that much
• 1:18:47
  of A threat to be honest. But I got a 42 IQ.
• 1:18:50
  What do I really know? I'm not a coder.
• 1:18:52
  I tried to code once and I realized that the most coding I
• 1:18:55
  can do is a very simple hello world.
• 1:19:00
  I'm only good at talking and hopefully inspiring you guys to
• 1:19:04
  keep on fighting the good fight. And it's really as easy as just
• 1:19:09
  buying Bitcoin and taking into self custody.
• 1:19:12
  The most important part controlling the Bitcoin, taking
• 1:19:16
  it into self custody. Now, if we can have a cultural
• 1:19:20
  impact here at simply Bitcoin, you know, still yet to be seen.
• 1:19:25
  Will the suits dwarf the you know, bitcoiner signal still yet
• 1:19:30
  to be seen. But on that note, we will show
• 1:19:34
  up every single day until the wheels fall off, all right?
• 1:19:39
  We will be here until I'm actually hearing people on the
• 1:19:45
  roof that aren't there and hammers that aren't there.
• 1:19:50
  I don't know guys, I'm rambling. I'm having fun.
• 1:19:56
  My fantasies are extremely detailed, so I'm leaning more
• 1:19:59
  towards borderline personality disorder rather than
• 1:20:03
  schizophrenia. Aw man, thank you.
• 1:20:05
  Thank you man. Charlie Day going to playoff
• 1:20:08
  teams. OK, guys, sorry, sorry on this
• 1:20:17
  Yeah, sorry. I tried something new.
• 1:20:19
  I I don't know. I don't know if it really
• 1:20:21
  worked. Let me know.
• 1:20:24
  Wait, can I? If you're watching on this, this
• 1:20:29
  little, this little screen, wait, I got 2 screens.
• 1:20:32
  If you guys could see if you're watching on the vertical, can
• 1:20:35
  you comment and tell me if you liked it?
• 1:20:38
  If not, I don't know. I didn't experiment.
• 1:20:40
  If not, I'll I'm just going to do normal normal horizontal
• 1:20:44
  stream. We will be billionaire's podcast
• 1:20:54
  over. It's not that underground.
• 1:21:00
  We're we're the pirate radio here.
• 1:21:03
  All right, We've always been the private radio.
• 1:21:08
  We are the private. Wait, pirate radio, dude.
• 1:21:16
  I mean, guys, I got some style. I like.
• 1:21:18
  I like some trousers with with pleats.
• 1:21:22
  OK, so some of you guys are watching it.
• 1:21:24
  OK, I don't mind it. It was an experiment.
• 1:21:30
  I just got the feature here and I was like, really, I think what
• 1:21:33
  I'll do is I'll keep the vertical for YouTube and then I
• 1:21:41
  I want to do like the stream, the wait, I'm rewind.
• 1:21:48
  I'm going to give I'm going to do keep the horizontal on
• 1:21:52
  YouTube and I want to do the vertical stream to like TikTok
• 1:21:56
  and Instagram. Maybe we can break into a
• 1:21:59
  different audience. I do like it on my phone
• 1:22:03
  actually like the vertical portrait mode.
• 1:22:06
  It's different. I don't mind it.
• 1:22:08
  OK, all right, well, maybe I'll try it again tomorrow.
• 1:22:17
  I'll try it again tomorrow. All right, we'll see.
• 1:22:20
  Maybe maybe you guys like it. Not not enough data.
• 1:22:24
  Does it look this way? You know it look wait, it looks
• 1:22:30
  pretty cool, dude. For me, not having to do
• 1:22:33
  anything. It's kind of tight.
• 1:22:36
  It's kind of dope. I don't know We'll see.
• 1:22:42
  We'll talk to the team. I'll figure it out, but I don't
• 1:22:46
  know, it's kind of tight. I just I don't I don't have like
• 1:22:49
  the TikTok Instagram logins. We do have those.
• 1:22:51
  So we never really plugged those, but we'll see.
• 1:22:55
  Maybe, maybe I'll keep the horizontal for YouTube and we'll
• 1:22:58
  just do this for the other platforms.
• 1:23:01
  I thought I clicked on a short and X out and started over.
• 1:23:05
  So it does look like a short. See, I don't I don't even know
• 1:23:07
  what it looks like to you guys. I I just I had the feature I
• 1:23:11
  sent it today. I'm like, whoa, I can multi
• 1:23:15
  stream on both formats. That's pretty cool.
• 1:23:18
  Maybe it's actually, it might hurt me.
• 1:23:20
  Maybe it's going to take views away from from my video.
• 1:23:24
  Yeah, I didn't think about that one.
• 1:23:26
  But anyways, anyways, guys, I appreciate you guys.
• 1:23:30
  I'm glad you guys didn't hear any of the noise.
• 1:23:37
  Yes, thin, thinner. I do interact with you guys.
• 1:23:42
  I'm constantly interacting with you guys.
• 1:23:44
  This is a symbiotic relationship, but I, you know, I
• 1:23:47
  might not agree. I might get mad for a day and be
• 1:23:49
  like, man, you're kind of kind of being an asshole here.
• 1:23:53
  But like, I'm seeing the comments.
• 1:23:55
  I'm, you know, I'm updating it into my mental framework.
• 1:23:59
  A lot of you guys do add a lot of good context.
• 1:24:02
  So I'll pull up the comments, I'll add it into kind of my
• 1:24:06
  perspective, but I'll also ignore you.
• 1:24:15
  I also will have my own thoughts here, OK, All right, so you guys
• 1:24:19
  are hearing the hammers now. Anyways, enough, enough into
• 1:24:23
  this. This is going way too long.
• 1:24:25
  I'll be back tomorrow. Hopefully, hopefully I'm able to
• 1:24:28
  stream from the studio. If not, stream's going to look a
• 1:24:33
  little bare bones, but you guys will have a show tomorrow.
• 1:24:35
  OK, on that note, I appreciate you guys.
• 1:24:38
  I love you guys. Thank you for every view, every
• 1:24:41
  like every comment you have ever given us means the world to me
• 1:24:46
  and the team. And we will be back tomorrow for
• 1:24:49
  another episode. Yeah, but I'm I'll see you
• 1:24:55
  tomorrow. I'm gonna crash it out on the on
• 1:24:59
  the the chats about the background noise.
• 1:25:02
  I mean, I, I hopefully I don't have to do anything tomorrow.
• 1:25:04
  All right, Anyways, I'll see you tomorrow.
• 1:25:10
  I might start the show on time. Well, no, sorry.
• 1:25:13
  I might start the show early tomorrow if I catch the lunch
• 1:25:18
  break window and it's not too crazy.
• 1:25:21
  It might be early. I'm not going to say on time.
• 1:25:24
  It might be early. It might start early on the the
• 1:25:27
  time that YouTube tells you it's going to start, but on time is
• 1:25:31
  1240. OK, let's get the record
• 1:25:33
  straight. On time is 12:40.
• 1:25:35
  I might start early tomorrow FYI.
• 1:25:39
  Anyways guys, I will see you tomorrow.
• 1:25:42
  Have a good rest of your day. Peace out.
• 1:25:44
  Today's episode was brought to you by bitcoinwell.com, a
• 1:25:48
  Bitcoin only platform on a mission to enable financial
• 1:25:51
  independence.