Latest / Simply Bitcoin / EXPOSING The Secret Plan Behind The Bitcoin Price Suppression! | EP 1317

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EXPOSING The Secret Plan Behind The Bitcoin Price Suppression! | EP 1317 · Simply Bitcoin

• 0:00
  On a quiet Sunday, a whale dumped 24,000 Bitcoin onto the
• 0:05
  open market, pushing the Bitcoin price down to $110,000.
• 0:10
  Is this another disgruntled seller cashing out, or is this
• 0:14
  someone who is strategically trying to knock the price of
• 0:17
  Bitcoin lower just before the price begins to go parabolic in
• 0:22
  this generational bull run? Well, we have an interesting
• 0:25
  rabbit hole for you guys on today's video.
• 0:28
  Let's dive into it. Actually, I didn't pull it up
• 0:31
  anyways, I'm not alone. I got Nico here chilling and
• 0:33
  then of course, our boy, the one and only Sal.
• 0:37
  You guys have heard of me talk about Sal here.
• 0:40
  He is the official, well, I think unofficial official simply
• 0:44
  Bitcoin trainer on today's show. But anyways, let's cover today's
• 0:48
  story and it is an interesting rabbit hole.
• 0:51
  There's a lot of theories going on right now on Twitter of
• 0:54
  what's going on. So first and foremost, let's
• 0:56
  just cover the the basics here. So we have Sony X X P/E XP on
• 1:01
  Twitter. He's a founder of time Chain
• 1:03
  index. He's been doing a lot of on
• 1:04
  chain analysis on, you know, these big whale moves, these a
• 1:08
  lot of coins moving around, what's going on in the market.
• 1:11
  It's actually been on top of a lot of the movement we've seen
• 1:14
  on chain. Remember 2 weeks ago, 3 weeks
• 1:17
  ago, we saw about 100 + 1000 coins moving.
• 1:20
  I'm pretty sure it was Sonny that was exposing this.
• 1:22
  So anyways, he goes, this entity liquidated their entire 24,000
• 1:27
  Bitcoin balance, sending all of it to Hyper Unit or hyper unite.
• 1:31
  They transferred 12K just today and are still actively selling,
• 1:34
  which is likely contributing to the ongoing price drop.
• 1:38
  And of course, this was on Sunday.
• 1:40
  Literally just sending thousands of kois straight.
• 1:42
  Oh, I did a Oh my thing's not working.
• 1:45
  Is this working? Hold on.
• 1:48
  Yeah, yeah, yeah, OK. It's not showing me my tabs
• 1:52
  normally. Anyways, he goes.
• 1:53
  This entity entity still holds a total of 152,874 Bitcoin across
• 1:59
  all associated addresses, including 5266 Bitcoin in the
• 2:04
  address shown below. The funds originally came from
• 2:07
  HTX about six years ago and had remained inactive until recent
• 2:11
  transactions involving one of their addresses containing
• 2:14
  approximately 24,000 bitcoins. So that's the basics here guys.
• 2:20
  If you're wondering what's going on with the price today, we got
• 2:23
  another whale moving a lot of coin onto the exchange.
• 2:27
  Now the interesting part about this is the fact that he
• 2:30
  literally just moved this straight into the open market.
• 2:34
  He he literally just, you know, smashed sold on the open markets
• 2:39
  on the exchanges, which is fundamentally different than
• 2:42
  what we've been seeing everyone else do.
• 2:44
  Essentially the idea of buying over the counter, you know, the
• 2:47
  the T wop time weighted average price buys.
• 2:51
  And I think I have a good tweet. Yeah, here we go.
• 2:52
  Adam back he goes. Have they not heard of T wops?
• 2:55
  Do they not like money? Such clumsy market activity.
• 2:58
  Normally people with that kind of money would be smarter.
• 3:02
  Now this is the conversation going on on Twitter right now is
• 3:05
  what exactly are they doing? What was the point of this?
• 3:09
  Now, of course, a lot of people are saying almost kind of what
• 3:13
  Adam back saying, not kind of echoing what Adam back said like
• 3:15
  this is a dumb move. Why would someone sell 24 1000
• 3:18
  coins on the open market instead of, you know, going over the
• 3:21
  counter to sell this coin? Like why does he fundamentally
• 3:24
  want to affect the market? And this is where the
• 3:27
  speculation comes in. We all know if you've been
• 3:29
  following the sailor saga, we know how he's been trying to do
• 3:33
  this. He's been buying Bitcoin over
• 3:34
  the counter, probably with T wobs, basically, you know,
• 3:37
  buying tranches over time. So he doesn't move the market
• 3:40
  because he's got shareholders. He doesn't fundamentally want to
• 3:44
  affect the market when he's doing all these incredible buys.
• 3:46
  Now everyone's wondering look if sailors buying 2 1/2 billion
• 3:50
  dollars every other week, why isn't the price going up and we
• 3:54
  have one whale on the open market selling 2 1/2 billion and
• 3:58
  the market tanks. Well, it's interesting when you
• 4:01
  get into the data here how this kind of wakes breaks down.
• 4:05
  We have Zero Hedge. Of course, you guys probably are
• 4:07
  familiar with Zero Hedge and he goes now, why would someone want
• 4:09
  to sell a huge block and take out the entire bid stack three
• 4:12
  times in a row just so they can trigger some momentum and
• 4:15
  accumulate much lower question mark?
• 4:18
  This is probably what's going on guys.
• 4:21
  It does look, you know, whether you want to call it price
• 4:23
  manipulation or price depression or, you know, being able to
• 4:28
  fundamentally move the market so you can buy lower.
• 4:30
  It's all essentially the same thing.
• 4:32
  I do think this was by design. He he did this on purpose.
• 4:37
  He sold it on the market. Most likely, if he's a smart
• 4:40
  trader and I would argue he probably is a smart whale here.
• 4:43
  He probably, you know, said a really big short dumped 24,000
• 4:47
  on the open market. Gets profited either way now.
• 4:50
  Interesting stuff. I've really been liking this
• 4:52
  guy's tweet. Sight bringer and he goes 0
• 4:54
  heads and nails it here. This wasn't just a random
• 4:56
  liquidation, it was a strategic flush.
• 4:58
  Instead of trickling sales into ETF absorption, this whale or
• 5:02
  entity stack blocks at size to nuke the bid wall three times in
• 5:06
  a row. That's not dumb money, that's
• 5:08
  deliberate. Why?
• 5:09
  Because taking out the bid stack triggers cascading liquidations,
• 5:13
  perps, leverage, lungs, weekends, etcetera.
• 5:15
  That lets the same entity reload lower while ETF sovereigns and
• 5:19
  in and corporates keep buying the net supply contacts.
• 5:22
  Of course, they still hold 150,000 plus coins.
• 5:25
  They're not exiting Bitcoin. They're playing a reflexive
• 5:27
  reset to shake out leverage and reposition.
• 5:30
  This whale is showing us something bigger though.
• 5:32
  They know the ETF slash sovereign bid is infinite, so
• 5:35
  the only way to win is to force weak hands to puke and then
• 5:38
  accumulate back into the structural wall.
• 5:41
  Deeper truth. This isn't bearish, it's proof
• 5:43
  we're watching the old guard play their last weapon, forced
• 5:46
  volatility against an order book now backed by ETFs and sovereign
• 5:51
  flows, which really goes into what we saw David Bailey tweet
• 5:55
  over the weekend. You guys know David Bailey of
• 5:57
  BTC Inc. He's also behind Nakamoto, a
• 6:00
  Bitcoin treasury strategy, and he's getting super bullish on
• 6:03
  Twitter. He goes, there's not going to be
• 6:04
  another Bitcoin bear market for several years.
• 6:07
  Every sovereign bank, insurer, corporate, pension and more will
• 6:10
  own Bitcoin. The process has already begun in
• 6:12
  earnest, yet we haven't even captured .01 of the total asset
• 6:17
  market. We're going so much higher.
• 6:19
  Dream bigger. And he followed it up.
• 6:21
  Under 1% of institutional investors have exposure to
• 6:24
  Bitcoin, and the average allocation across those that do
• 6:27
  is less than 1%. Said differently, 99.99% of
• 6:31
  demand is ahead of us and there's not even $1 trillion of
• 6:35
  Bitcoin liquidity available for the climb to $1 million per
• 6:39
  Bitcoin, which could obviously fundamentally shift on a dime
• 6:42
  here as we saw another whale could wake up while we start
• 6:45
  climbing and dump a bunch of coins on the market.
• 6:48
  Now before I keep going on 'cause there is a bigger debate
• 6:51
  going on on Twitter, I am going to pass it over to Nico and Sal
• 6:56
  here. I, I think first of all, I'm
• 6:59
  going to go to Sal considering Sal, you're, you're just, you
• 7:03
  know, Bitcoin Hodler here. How'd you feel waking up
• 7:06
  yesterday, or rather at the end of the day Sunday, and seeing
• 7:10
  the Bitcoin price get naked TO110K?
• 7:14
  Loving it, able to stack more sets, you know, laser eyes,
• 7:19
  diamond hands, That's all you got to worry about.
• 7:21
  Just keep stacking and Bitcoin's going to do what Bitcoin's going
• 7:23
  to do. Let's go.
• 7:25
  OK. Now diving in a little more,
• 7:28
  Nico, I know you've been having a lot of conversations over
• 7:31
  there in Europe. So what's your thoughts on this
• 7:33
  movement right here? And I do have other charts and
• 7:35
  some other kind of speculations here, but just based on the
• 7:39
  market moves we saw from this whale, what do you think is
• 7:42
  going on? Yeah, I mean, like, look like, I
• 7:45
  don't think anyone has any idea what's going on, but I do want
• 7:48
  to show a couple a couple thoughts from the community.
• 7:52
  Here's Whale Panda, he says. What a lot of you don't seem to
• 7:56
  realize is that I, excuse me, I really don't want to be right
• 7:59
  about paper Bitcoin and the manipulation.
• 8:03
  I want to be wrong. A lot of my net worth is in
• 8:06
  BTCI, have cold storage for my kids in BTC.
• 8:09
  Real Bitcoin in self custody, not ETFs or treasuries or WBTC
• 8:14
  rap BTC, whatever the hell that means.
• 8:18
  But look, to me this is simple. Since the ETFs got approved in
• 8:24
  January of 2024, Bitcoin has not been performing the way that
• 8:30
  historically it has been performed.
• 8:32
  It has performed it. It reached an all time high
• 8:35
  before the halving and that was of course due to the ETF.
• 8:40
  You have these massive inflows of people buying Bitcoin.
• 8:43
  You hear it like all the time, like this entire year, me and
• 8:47
  Opti have been literally every week.
• 8:50
  We're telling you to the point that you guys are tired, you're
• 8:53
  sick of it. You don't even want to hear
• 8:54
  about it anymore. In the beginning of the year, if
• 8:56
  we put on the thumbnail 500,000 Bitcoin bot, like you'd be like,
• 9:00
  Oh my God, I'm going to click on that.
• 9:02
  At this point, no one cares. Like it's just become
• 9:04
  normalized. But The thing is, if all these
• 9:07
  companies are buying this much Bitcoin and the amount of
• 9:10
  Bitcoin that's being mined on a daily basis, there should have
• 9:15
  been a supply shock by now to the upside.
• 9:18
  Now there's a lot of explanations as to why that is
• 9:20
  not happening. I'm I'm going to pull up VJ
• 9:22
  first. VJ Bhaiyapati, he wrote an.
• 9:25
  Incredible piece, I was going to bring that up later.
• 9:27
  Love it. What what made him famous, which
• 9:29
  is he wrote the bullish case for Bitcoin, which originally was a
• 9:33
  Medium article and then it became a book.
• 9:36
  But he says no paper Bitcoin conspiracies are required.
• 9:39
  The price is stalled because a number of whales have hit their
• 9:43
  magic number and are unloading. This is healthy, Their supplies
• 9:48
  finite and they're selling is required for the full
• 9:51
  monetization of Bitcoin. Massive blocks of supply with
• 9:55
  enormous purchasing power are being distributed into the
• 9:58
  population. This cycle is one of the
• 10:00
  greatest monetization events in history.
• 10:03
  And here is I think Opti, you're pulling this up.
• 10:06
  Earlier BTC archive, a Bitcoin whale, and this was believed to
• 10:10
  be to to have been the cause of the crash.
• 10:13
  A Bitcoin whale sold 24,000 BTC worth 2.7 billion, causing
• 10:19
  today's $4000 crash in minutes. They still hold 152,874 BTC
• 10:27
  worth more than $17 billion. Now, as Sal so astutely pointed
• 10:33
  out in the beginning of the show before we went live, at that
• 10:38
  point you're just playing, you're playing the scoreboard.
• 10:41
  Like, you know, if you have $17 billion, you know, with a
• 10:45
  billion dollars that buys you anything you want in terms of,
• 10:49
  of being able to upgrade your lifestyle.
• 10:51
  You know, you can get whatever jet you want.
• 10:54
  You can get whatever plane you want.
• 10:56
  You can get whatever boat you want it, you know, out of
• 10:59
  billion dollars, you're good. So this is just I want to
• 11:03
  accumulate, I want to, I want to go higher up in the scoreboard
• 11:07
  at that point, right? And I think that this person is
• 11:11
  just, you know, this is this is market manipulation to dump the
• 11:16
  market, get buy more cheaper Bitcoin.
• 11:20
  And I think that's exactly what's happening.
• 11:22
  I also think a lot of this, from what I've heard is a lot of Ogs
• 11:28
  that are actually rotating a lot of this Bitcoin into Bitcoin
• 11:31
  treasury companies because they think they're going to be able
• 11:34
  to outperform Bitcoin that way. But to go back to Whale Panda's
• 11:38
  point, you know, not not ETFs or treasuries or WBTC.
• 11:46
  Like, you know, I don't think a lot of this would happen if.
• 11:51
  I don't think a lot of this would happen if, you know, these
• 11:55
  ETFs weren't around. I don't think a lot of this
• 11:57
  would happen if the treasury companies were around.
• 12:00
  I, I'm, I feel very certain about that.
• 12:02
  I think a lot of the treasury companies and a lot of the ETFs
• 12:06
  took a lot of the liquidity that was meant to be going into
• 12:09
  Bitcoin. And I think that liquidity isn't
• 12:13
  actually being used to buy spot Bitcoin.
• 12:17
  Like I know what, Vijay, I know the case that VJ is making that
• 12:20
  there that there isn't any, you know that there isn't any paper
• 12:25
  Bitcoin. It's just OG selling and what
• 12:27
  whatever. I kind of disagree with that.
• 12:29
  Like I just I've been around this long enough to something
• 12:35
  feels off is what I'm trying to say, right.
• 12:38
  And I'll put it to you this, I'll put it to you this, I'll
• 12:40
  put it to you guys this way. At the beginning of the year, me
• 12:44
  and Opti, we're losing our minds.
• 12:46
  The live streams were hitting like 1000 views on YouTube
• 12:49
  alone, 1000 live viewers on YouTube alone.
• 12:52
  We were celebrating the executive order.
• 12:55
  It was like it was, it was a parade.
• 12:58
  And we were so excited. And then Trump's Inauguration
• 13:01
  day, the price of Bitcoin was at $109,000.
• 13:06
  We are here eight months later, almost nine months later and
• 13:12
  Bitcoin is sitting at $112,000. The all time high was 125 S from
• 13:20
  one O 9 to 1125. I'm sorry, that is not a bull
• 13:25
  market in Bitcoin terms. Like I know that there's like
• 13:28
  analysts and I'm not going to name who they are and whatever
• 13:31
  and I have a lot of respect for them and I'm subscribed to their
• 13:33
  newsletters and I love their content.
• 13:36
  But like this isn't a bull market.
• 13:38
  This isn't a bull market. Like I'm telling you, this is
• 13:40
  not a bull market. You don't spend nine months to
• 13:44
  go from 109 K to 112 K Yeah, this is that's not bull market.
• 13:50
  It is like you guys have to remember in 2017, the price of
• 13:53
  Bitcoin started at $1000 and it ended the year at $20,000.
• 13:59
  That's a 20X. We haven't even like what is
• 14:04
  this like a three at 3 percent, 20X is 2000% just to kind of
• 14:09
  give you guys like a comparison. Now people have explanations for
• 14:14
  this. Here's Willy Wu.
• 14:16
  I'm going to click on that one in a little bit.
• 14:19
  But here is money or debt Infinity divided by 21 million.
• 14:23
  He says cycle. What cycle bubbles in 2011 2013
• 14:27
  20/17/2021 Double and no major 1 yet in 2025 do not establish
• 14:34
  statistically robust evidence for a four year quasi cycle.
• 14:38
  Bubble energy and volatility has collapsed.
• 14:41
  The persistent power law trend is intact.
• 14:44
  The graph subtracts out the long term power law trend and the
• 14:49
  residuals are in log 10 price and log 10 trend.
• 14:52
  Price triangles show bubble energy and anti bubble energy
• 14:56
  above and below the point of the plus divided -0.2 central zone.
• 15:03
  I don't even know what any of that means.
• 15:05
  Falling, falling, falling in the nose, in the nose, in the noise
• 15:10
  so far this cycle. I'm just going to pull this up.
• 15:13
  Yeah, I mean the volatility is completely gone like and it has
• 15:17
  been going on. I would say the 2021 cycle
• 15:20
  should have been a blow off top if it wasn't for the China
• 15:23
  mining ban. I would say something weird is
• 15:25
  happening this cycle and I think it definitely has to do with a
• 15:29
  lot of these treasury companies and ETFs, But what do I know?
• 15:33
  It's above this is above my pay grade.
• 15:34
  I'm just thinking, but again, like what is the the the bell
• 15:39
  curve Opti, right? There's the 80 IQ and then
• 15:42
  there's the midway and then there's the, you know, 135 IQ
• 15:46
  people. Like I'm using my, you know, to
• 15:49
  use Opti's words, my left side of the bell curve type of
• 15:52
  analysis here. And I'm saying, you know, a lot
• 15:55
  of this stuff didn't happen before a lot of these ETFs and
• 15:58
  treasury companies, man. Anyways, here's Willy Woo.
• 16:03
  I believe this is a a threat and he says why is BTC moving up so
• 16:07
  slowly this cycle? BTC supplies concentrated around
• 16:11
  OG whales who peaked their holdings in 2011.
• 16:15
  They bought their Bitcoin at $10 or lower.
• 16:18
  It takes 110K of new capital to absorb each BTC they sell.
• 16:26
  I mean, that's a pretty good explanation, right?
• 16:28
  And here is kind of like the distribution, right?
• 16:31
  And as you can see those, those, those O GS, you know they're
• 16:35
  selling a lot of it. And maybe VJ is right, maybe
• 16:39
  this is nice. Maybe we are witnessing the
• 16:42
  greatest monetization event in history or I or as I was
• 16:46
  mentioning and here let me just finish this with Willy Wu.
• 16:50
  The differential in cost basis, the supply they hold and their
• 16:54
  rate of selling has profound impacts on how much new capital
• 16:57
  that needs to come in to lift price.
• 17:00
  You can look at this as BTC going through growing pains
• 17:04
  until these 10,000 X gain investors are absorbed.
• 17:08
  I mean, I think that's a really good, you know, kind of analysis
• 17:12
  on that, right? 10,000 XI mean that's a insane,
• 17:18
  you know, you're, you're, you're a billionaire essentially,
• 17:20
  right? So there's two sides of the
• 17:22
  story, right? There's the left side of the
• 17:24
  bell curve. These ETF's are kind of being
• 17:27
  weird. And then there's VJ and Willy
• 17:29
  Woo saying like, look, these are Ogs they were buying at, you
• 17:33
  know, $10 or less. They have 10s of thousands of
• 17:36
  coins and each one of those 10, each one of those coins, it
• 17:40
  takes $110,000 to absorb that, right?
• 17:44
  So you can look at this in two different ways.
• 17:46
  You can look at this in the optimistic way, which is imagine
• 17:51
  the capital that is backing Bitcoin that's absorbing 24,000
• 17:58
  Bitcoin being dumped and we the only price action that we saw
• 18:02
  was a price correction from 117 to 110,000.
• 18:07
  Now we we're back, we're back to 113,000.
• 18:10
  That is a that is Bitcoin absorbing a lot of Bitcoin being
• 18:15
  just spot dumped. The other day you had Michael
• 18:19
  Nova Novogratz Galaxy, they had a sale of 80,000 Bitcoin that
• 18:25
  that was absorbed over a weekend, right?
• 18:28
  So, you know, I agree with Vijay, eventually this Bitcoin,
• 18:32
  eventually these Ogs are just going to run out of Bitcoin to
• 18:35
  to sell. And then you have, you know, the
• 18:38
  next leg up. And the last bit I'll say,
• 18:41
  because I know I've been on a little bit of a, of a, of a
• 18:43
  little bit of a rant here is the more we crypt solidate with more
• 18:49
  we go kind of sideways at these levels, the more stronger the
• 18:55
  foundation is for when eventually we go up.
• 18:59
  So like as a business owner, I tell this to Opti all the time
• 19:02
  and the simply team, I'm like, dude, I hope like as a business
• 19:05
  owner, in the back of my mind, I'm like, this is fantastic
• 19:08
  because this means that we don't have a bear market, right?
• 19:12
  But at the same time, like you know, as a as a dopamine addict
• 19:16
  from the class of 20/16/2017, I'm scratching myself like dude,
• 19:21
  like you know, chasing the dragon.
• 19:23
  When's this going to come back like our parabola is over right?
• 19:27
  Our our Bitcoin parabola is over.
• 19:29
  Let us know down in the chat, but yes or no in the chat.
• 19:31
  Are they over 'cause you know, we haven't seen one in quite a
• 19:35
  quite a long time. Quite a long time.
• 19:38
  We have not seen a parabola. I do want to give a shout out to
• 19:41
  everybody watching on YouTube X and rumble.
• 19:44
  If you guys are enjoying the show, make sure to smash that
• 19:47
  like button course. We're joined with our wonderful
• 19:50
  guests today, the Bitcoin trainer.
• 19:52
  He's training a lot of bitcoiners that you know, but we
• 19:55
  can't say because we respect privacy here at simply.
• 19:59
  We got the Prince of Persia in the house himself, the man, the
• 20:02
  myth, the legends. Sal, what's up, dude?
• 20:06
  I know you're I know. I think I think your class of
• 20:08
  2020-2021. How you feeling with this price
• 20:13
  action that's happening lately? You know, all of us hate to see
• 20:18
  that crab. It's basically pump dump crab,
• 20:21
  pump dump crab. But I think that most of us are
• 20:25
  here for more than just the gains.
• 20:28
  And you know, Bitcoin metrics, the hash rate, all of the
• 20:33
  treasury companies coming in, all that BS just shows how much
• 20:36
  Bitcoin is growing and growth means up and to the right and
• 20:41
  the price is only going to catch up eventually.
• 20:43
  I think that's a good analysis of of the market needing to
• 20:46
  absorb that difference of a $10 Bitcoin and $110,000 Bitcoin.
• 20:51
  I think a lot of people lose that when they're thinking about
• 20:55
  the price action. But I'm here for it, man.
• 20:58
  You know? Yeah, I'm a Bitcoin trainer.
• 21:00
  I train lots of Bitcoiners, you guys know, and Nico an Opti are
• 21:04
  two of them. I'm here.
• 21:06
  I'm here for the ride, man. Life, life's a ride.
• 21:08
  You only get one, one shot at it.
• 21:10
  So just enjoy it while you're there.
• 21:14
  Well, more, more, more, more opti than Niko.
• 21:17
  Niko, you're you're in the matrix.
• 21:22
  Yeah, if, if, if, if you guys want to get in shape, hit up
• 21:27
  Sal. He has a very he has a secret
• 21:29
  formula, which is it's, it's fantastic.
• 21:33
  Highly recommend go checking him out.
• 21:36
  And he trains a lot of Bitcoiners that you guys know.
• 21:39
  These are household names and he's he's making sure they they
• 21:44
  stay in shape. Wait, wait, Nico, before before
• 21:46
  we move on, though, I think the real question here is kind of
• 21:50
  what DJ was saying and light bringer or sight bringer, I
• 21:55
  think is this idea of it does everyone knows here.
• 22:00
  If you've been around in Bitcoin for a long time, then you're
• 22:02
  probably familiar with the meme that like you can only really
• 22:04
  sell once. And I think the question that
• 22:07
  we're all kind of asking ourselves right now is whether
• 22:10
  this is kind of that dying, that dying grass pier, dying gas pier
• 22:15
  of people being able to manipulate the market If they
• 22:18
  are a huge kind of whale in the market.
• 22:21
  And right now if they are selling, of course, they still
• 22:23
  have some bags. But at a certain point, the
• 22:26
  market does absorb all of this selling.
• 22:29
  And I think in hindsight, or rather more of like the positive
• 22:33
  view of this, it is super bullish.
• 22:35
  The fact that we're seeing, I forget, I can't even remember
• 22:38
  how much coin we've seen hit the exchanges or be moved around
• 22:42
  recently. But I think it's somewhere up
• 22:43
  around 150,000 coins. And Bitcoin's still above 100K.
• 22:47
  We're at like what, 110KA112K right now.
• 22:50
  And so maybe the price movement isn't exactly what we want it to
• 22:54
  be. It isn't exactly, you know, as
• 22:56
  bullish and parabolic as it used to be.
• 22:59
  But it does seem like if this price does start getting frothy
• 23:03
  at the end of the year, then they're most likely won't be
• 23:08
  this type of, you know, market manipulation of just to use that
• 23:13
  term. There won't be this kind of this
• 23:15
  this chokehold on the market moving forward that as the price
• 23:18
  gets higher, as the market cap gets gets bigger, these whales
• 23:23
  won't be able to kind of move the market like they used to.
• 23:26
  So this could be kind of the final hurrah here of the whales
• 23:30
  actually being in control. And that would be pretty, pretty
• 23:33
  interesting to see moving forward.
• 23:34
  And of course, that would make Bitcoin a lot more stable.
• 23:37
  We probably wouldn't be seeing as crazy dips as we used to see.
• 23:41
  So I'm I'm kind of taking the bullish side here.
• 23:43
  I remember when I got in Bitcoin, you know, 2017 ish,
• 23:47
  like we would freak out for, you know, someone selling like 20 to
• 23:50
  100 coins on the market. Now the market's absorbing
• 23:53
  hundreds of thousands of coins like it does feel if it starts
• 23:57
  ripping, this might be the last time we see this happen.
• 24:01
  Ever. Is the Ponzi over?
• 24:05
  This is the Ponzi over all the Ogs.
• 24:08
  They're like, all right, you know what?
• 24:09
  It's over. It's done.
• 24:11
  Gotta get out of here. It does feel like that.
• 24:19
  Well, all the, all the, all the naysayers, all the naysayers
• 24:22
  about Bitcoin, right? You know, they call it a Ponzi
• 24:24
  and this and this and that and like the whole definition.
• 24:27
  I'm just calling Bitcoin treasury companies ponzi's this
• 24:30
  morning bro. Like the more they start calling
• 24:33
  it a Ponzi, the more I know it's not a Ponzi.
• 24:35
  Well, I mean the treasury companies I'm a little concerned
• 24:40
  about like I'm pretty sure that I'm pretty sure that a lot of
• 24:45
  them are going to blow up. Not the big ones Strategy,
• 24:48
  MicroStrategy isn't going anywhere.
• 24:50
  I don't think Nakamoto or 21 are going anywhere.
• 24:52
  But I think like the smaller ones, like I definitely think
• 24:56
  that a lot of them are going to blow up for sure.
• 24:58
  Like absolutely they're over leveraged.
• 25:02
  There was one, there was one company that like their, their M
• 25:08
  NAV was under one, which is like the whole point of owning A
• 25:14
  treasury company is so that you can outperform Bitcoin.
• 25:17
  That's the whole point. And what M NAV basically means
• 25:20
  is it it, it's like the amount of the value of the company, how
• 25:24
  much the valuation of the company and how much Bitcoin
• 25:27
  they hold, right? So ideally you want an M NAV of
• 25:31
  like two or three because that means that you're buying a stock
• 25:36
  that's valued 3 times as much as much of as the Bitcoin they
• 25:42
  hold. So if you bought that stock
• 25:44
  early on and it kind of multiplied, you're like
• 25:46
  multiplying your Bitcoin. So a lot of Ogs, a lot of people
• 25:50
  that are like trying to like multiply their Bitcoin, they're
• 25:52
  looking at Bitcoin treasury companies like that.
• 25:54
  But now you have Bitcoin treasury companies that Nico's
• 25:58
  mad because he wants to cash them out.
• 26:00
  Cash them out to what? What are you?
• 26:02
  What are you going to cash out to?
• 26:03
  What are you? What are you?
• 26:04
  What are you going to cash out? There's nothing to cash out to.
• 26:08
  Everything's inferior to Bitcoin.
• 26:10
  So but yeah, I mean, you know, but when these M NAV things
• 26:13
  start to get compressed, like sailors is at 1.5, right?
• 26:17
  Like micro strategy is at 1.5, right?
• 26:20
  And at the end of the day, like as a Bitcoiner, like you're not
• 26:24
  trying to like, you know, and this like completely puts
• 26:27
  everything on its head. You're not trying to outperform
• 26:30
  the stock market, you're trying to outperform Bitcoin.
• 26:33
  And very few things outperform Bitcoin.
• 26:36
  Like I think it's NVIDIA that outperformed Bitcoin,
• 26:40
  MicroStrategy that outperformed Bitcoin in the last three years,
• 26:44
  like nothing else has outperformed Bitcoin.
• 26:46
  So like Apple stock hasn't outperformed Bitcoin, Microsoft
• 26:50
  hasn't outperformed Bitcoin. You know, Aztec Warrior Inc
• 26:54
  hasn't outperformed Bitcoin. Like nothing has outperformed
• 26:58
  Bitcoin, bro, So you got to be very careful on what you buy
• 27:01
  because it's probably not going to outperform Bitcoin.
• 27:05
  But maybe that was before Bitcoin became a stablecoin
• 27:08
  because now Bitcoin has officially become a stablecoin
• 27:11
  this year. And you know, it's great because
• 27:14
  like I remember one of the, like the criticisms that the central
• 27:17
  bankers used to like give us, we're like, hey, Bitcoin can
• 27:22
  never be money because, you know, money can't have
• 27:27
  volatility because if it has volatility, it can't be money.
• 27:30
  Well, boom doesn't have volatility anymore.
• 27:34
  Dude, you got to opt, you got to call up Chrissy Lagarde and you
• 27:37
  got to tell her that Bitcoin's money now 'cause it's a stable
• 27:39
  coin all. Right.
• 27:41
  Breaking news Breaking news Chrissy Lagarde cashed out
• 27:44
  'cause she needed to buy $2.7 billion in silk scarves.
• 27:48
  We got to the bottom of it. All right, everybody, it's going
• 27:52
  to be a fantastic show. I know it is a little bit of a
• 27:56
  depressing Monday we crashed from 117 to 100.
• 28:00
  Actually, actually I got one more, one more tweet here 'cause
• 28:02
  you reminded me. It's really not that depressing.
• 28:05
  Yes, the price is down, but shouts out to this guy.
• 28:09
  And apparently he's, he's claiming that he well, he's not
• 28:13
  claiming he was was tweeting the Bitcoin power law on Bitcoin
• 28:17
  talk forums before it got really like wild.
• 28:20
  This was his take. And I, I, I think this might be
• 28:23
  the the bullish take away here. And he goes a quick 10 minute
• 28:26
  drop to 110 1/2 K last night, thanks to a whale that sold in
• 28:29
  mass means millions worth of leveraged longs were wiped out.
• 28:33
  Finally, we can start the week without having to worry about
• 28:35
  these leveraged longs. Next stop leverage shorts near
• 28:38
  the all time high price action is coming for you.
• 28:42
  So hey dude, clearing out the market of these leverage longs
• 28:46
  right now, we know how this works.
• 28:48
  You clear the leverage, price starts to RIP, next thing to go
• 28:51
  is you clear the leverage shorts.
• 28:54
  Valhalla awaits Nico. Hopefully man, let's see I'm I'm
• 28:59
  so chewed up at this point that you know I have 0 expectations.
• 29:03
  It's also tiresome grabs. All anyways guys crab solidation
• 29:10
  anyways guys help us break 100 likes within the 1st 45 minutes
• 29:13
  of the show. If you guys are enjoying simply
• 29:15
  Bitcoin live on Monday August 25th, smash that like button.
• 29:20
  We got 440 live viewers on YouTube, about 80 live viewers
• 29:25
  on Rumble. I don't know why the Twitter
• 29:27
  numbers aren't going up Nico, but it is live on Twitter.
• 29:29
  But but we are live on. We are live on Twitter.
• 29:32
  I know that and anyways, if you guys are enjoying the show smash
• 29:35
  like button, consider following us and guys, it's going to be a
• 29:39
  great show. We have tons to cover.
• 29:40
  First of all, I have a clip of my interview with Jeff Booth.
• 29:44
  If you guys haven't saw, it has like a quarter million views on
• 29:47
  YouTube and Jeff Booth, his long term price expectation is $43
• 29:57
  million per Bitcoin. So I'm going to play you guys
• 30:00
  that clip, have it loaded up. And then Michael Saylor,
• 30:03
  breaking news. We're going to be talking about
• 30:05
  this during the news segment. Breaking news, Michael Saylor
• 30:08
  has officially acquired 3% of the total Bitcoin supply.
• 30:15
  Now, is that a good thing? Is that a bad thing?
• 30:18
  We're going to analyze that. We're going to talk about that.
• 30:21
  And then during the culture segment, we have the Prince of
• 30:24
  Persia, Sal, the man himself in the house today.
• 30:28
  And he is the Bitcoin trainer. And we're really talking about
• 30:32
  health Bitcoin, keeping your body in shape.
• 30:35
  And this is exactly what what's the house for?
• 30:37
  And then that's why he's here today.
• 30:38
  So it's going to be a fantastic show, guys.
• 30:40
  Stay tuned soon before we jump into it.
• 30:42
  I do want to give a very special shout out to simply bitcoins
• 30:48
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• 30:53
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• 31:52
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• 31:57
  tons to talk about. We'll be right back.
• 32:00
  We're going to hit the number segment.
• 32:09
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• 32:11
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• 32:27
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• 32:34
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• 33:05
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• 33:07
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• 33:22
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• 33:28
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• 33:33
  You want to store your generational wealth properly.
• 33:35
  You don't want to write down your seed words on paper.
• 33:38
  You want to stamp them into a plate of titanium so they
• 33:43
  survive the test of time. You do this in the privacy of
• 33:45
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• 33:53
  Match in that conversation. You're 80 years old.
• 33:55
  You want to pass over your wealth to your grandchildren and
• 33:59
  they're looking at you. They're like, grandpapa, you're
• 34:01
  gonna give me your seed words, and then you look at them.
• 34:04
  You're like, no, because I wrote it down on paper, I'm sorry.
• 34:07
  And they're just gonna look at you in disappointment, right?
• 34:10
  And imagine if you hand over your seed words to them because
• 34:13
  you stamped them onto titanium, they're going to hang a picture
• 34:17
  of you over their fireplace forever.
• 34:19
  You're going to be immortalized. You're going to be like a genius
• 34:21
  to them. They're be like Oh my, you know
• 34:23
  that grandpa paw about Bitcoin at 100,000 Like Oh my God, like
• 34:27
  that's crazy. Anyways, at the time of record
• 34:29
  the Bitcoin price is $112,540. Block height 911,655 sats for a
• 34:36
  dollar 889 market cap 2.24 trillion Bitcoin versus gold
• 34:42
  market cap 9.44% Decline from all time high -9.6%.
• 34:47
  Realized monetary inflation .84%.
• 34:50
  I have a video for you guys because it is quite a little bit
• 34:54
  of a depressing Monday with the with the price action.
• 34:58
  So what better way to counteract that than to play you a clip of
• 35:03
  an interview that I had with Mr. Jeff Booth where he I straight
• 35:09
  up asked him in the beginning of the video, I'm like, where do
• 35:11
  you think the price of Bitcoins going?
• 35:12
  And he's like, dude, take a look at this.
• 35:14
  So let's check out the clip, we'll talk about it.
• 35:16
  But what would happen from that system?
• 35:19
  From that system, you're living in the first global free market
• 35:22
  that has ever existed. And from that system, prices
• 35:27
  fall every year. Prices as we automate, as AI
• 35:31
  moves faster and faster, as AI merges with robotics, as the
• 35:34
  free market adds more people to the free market and those ideas
• 35:38
  compete to provide us value, prices fall forever, ever
• 35:42
  relative to that 43,000,000, so that 43,000,000 gains more and
• 35:47
  more value forever. So if you had a small percentage
• 35:51
  of a Bitcoin into in time, that would be enough to live forever.
• 35:56
  And it's just all we're talking about is the timing of when that
• 35:58
  happens rather than does that happen.
• 36:01
  So I think and $43 million per coin.
• 36:08
  Jeff Booth dropping the sauce. I highly recommend checking out
• 36:11
  that entire video. By the way, it's fucking.
• 36:14
  I mean, excuse me. It's fascinating.
• 36:16
  It's Monday. Did I just curse?
• 36:18
  I'm sorry, guys, I apologize. It is fascinating.
• 36:22
  It's a great video. It's a great interview.
• 36:25
  And he'll, he'll do more of a deep dive as to, you know, what
• 36:29
  his thought process is behind that number.
• 36:32
  But the TLDR is this. And it took me kind of a long
• 36:35
  time to wrap my head around this.
• 36:37
  I had to have multiple conversations with Jeff Booth.
• 36:40
  But the basically the way that you guys should see it is
• 36:45
  naturally just capitalism, free market, the free exchange of
• 36:51
  Labor goods, all of that stuff. It should naturally be
• 36:55
  deflationary, meaning things should get cheaper over time as
• 37:00
  productivity and technological increases come, right?
• 37:05
  But because of Fiat money, because the money is
• 37:08
  manipulated, things have become kind of inverted.
• 37:11
  They've been inflationary. But Bitcoin, because it's
• 37:15
  uncorruptible, because it has a 21 million supply cap, because
• 37:21
  you cannot manipulate it, it actually reflects the natural
• 37:27
  state of the free market. So it's not that Bitcoin is just
• 37:31
  going up forever because it's going up forever.
• 37:34
  It's that Bitcoin is the only unit of account that is
• 37:38
  naturally reflecting the natural order of how money and the
• 37:44
  market and capitalism and human progress is actually going.
• 37:50
  Because if I asked you guys a very simple question, and if
• 37:54
  you're in the younger generations, like if you're a
• 37:57
  millennial or Gen. Z or, and if I asked you, I'm
• 38:00
  like, dude, are you wealthier than your parents?
• 38:03
  You'd probably say like my parents were buying a home for
• 38:07
  $200,000 or $300,000. Like now these homes like, and
• 38:13
  I'm seeing them like I live in a very expensive, like I live in
• 38:17
  an expensive city, Miami. And you know, Los Angeles is
• 38:20
  expensive too, like you're looking at like 2 bedroom homes
• 38:25
  or like a one bedroom home that's like a $1.5 million right
• 38:30
  now. Like if you're just starting out
• 38:32
  and you have a couple of kids, like what the F for you?
• 38:36
  Like that is gnarly. That's crazy.
• 38:39
  Now you can still get something reasonable, you know, 200,300
• 38:44
  thousand 400,000 right? But like again, that's also like
• 38:48
  a ridiculous amount of money for most people.
• 38:51
  Like most people can't do that, right.
• 38:54
  So you have to ask yourself like, why is it that I'm broker
• 38:58
  than my parents? Like, why is it that my parents
• 39:02
  20 years ago, where they didn't have iPhones, they didn't have
• 39:07
  ChatGPT, they didn't have the Internet, they didn't have all
• 39:11
  these technological increases, why is it that they were able to
• 39:15
  live a dignified life? And why is it that I have not
• 39:19
  been able to live a dignified life?
• 39:21
  Like, why is that not the case? Like, I don't understand.
• 39:25
  It doesn't make sense to me. And that's exactly what Jeff
• 39:30
  Booth is explaining. And he's putting it together
• 39:34
  with a price prediction of $43 million per coin.
• 39:38
  But the important part of that price prediction isn't the $43
• 39:42
  million per coin. It's the fact that he's telling
• 39:45
  you that like, look, even with a small percentage of Bitcoin,
• 39:50
  because it's going to just increase in purchasing power
• 39:54
  over time, you're essentially going to be able to continue
• 40:00
  living off of it. And I saw this really good quote
• 40:02
  from Bit Pain, which was hilarious.
• 40:04
  I don't know Opti if you have that screenshot but he was
• 40:08
  basically like look like if the boomers want me to buy their
• 40:14
  homes for 10X of the price they bought them for.
• 40:18
  The boomers are going to have to buy Bitcoin 1000 X for the price
• 40:22
  I bought it for. So you know what?
• 40:24
  My, my, my. I'm going to end it with this.
• 40:27
  I'm going to weave it back in. Then I'll pass it on to Opti.
• 40:30
  I'm not buying the boomers bags man.
• 40:33
  I'm just not. I'm buying Bitcoin.
• 40:35
  I'm renting. I'm just living living life.
• 40:39
  I'm buying the boomers bags. There it is.
• 40:40
  Opti pulled it up. Clutch bit pain legends.
• 40:44
  He says if I have to pay a boomer 10X what he paid for his
• 40:48
  house, he can pay me 1000 X when I paid for my Bitcoin.
• 40:53
  Absolute legend bro. What a what an effing bomber
• 40:57
  tweet. So anyways, someone in the chat,
• 41:01
  the boys need a virtual bodyguard on live stream now.
• 41:05
  No, this is this is Sao, the Prince of Persia, the Bitcoin
• 41:08
  trainer. Anyways, Sao, what's your take
• 41:11
  on this bro? Because once you look at the
• 41:14
  world the way that Jeff Booth looks at the world, and it took
• 41:16
  me a little bit to kind of understand it, then you really
• 41:19
  understand. You're like, look, and I got to
• 41:22
  do whatever it takes not to part with my Bitcoin.
• 41:25
  Because I know that in five years, the Bitcoin I have today
• 41:30
  is going to be able to buy me 5 or 10 times as many goods or
• 41:34
  services or real estate that I want.
• 41:39
  You know, just that fact that the natural state of the free
• 41:44
  market is deflation. It's such a simple concept, but
• 41:49
  complexity really appeals to stupid people.
• 41:53
  And you really have to be able to sit down with that thought
• 41:57
  and actually use your brain and think about it to really
• 41:59
  understand what that means in this, like, fake world that's
• 42:04
  been thrown in front of us where inflation is basically the
• 42:07
  underlying cause of all the problems we have right now.
• 42:10
  So, you know, just think about it, The natural state of the
• 42:14
  free market inflation, every time you practice doing
• 42:17
  something, you get better at it. Every time you practice building
• 42:20
  something, you get better at it. There's no reason why prices
• 42:23
  should be going up over time. And I think Jeff Booth has a
• 42:27
  really, really good way of simplifying things for those of
• 42:31
  us who actually like to think. You're muted, Nico.
• 42:39
  One in the chat too, said Nico. Why do you dislike boomers?
• 42:45
  I don't like, I don't dislike boomers.
• 42:47
  My parents are boomers. Gary Leland is a boomer.
• 42:51
  Lawrence Leopard is a boomer. There's a lot of boomers that I
• 42:55
  absolutely love. They're great.
• 42:56
  They're fantastic. There's AI know there's boomers
• 42:59
  that watch our show. I love you guys.
• 43:01
  But as a whole, and it was actually Senator Lummus that
• 43:05
  said this when I interviewed her as a whole, that generation
• 43:09
  didn't really do the younger generations a solid.
• 43:12
  Now, it's not a collective guilt.
• 43:15
  It's not like, you know, and they're just acting out of their
• 43:17
  own interests like it. I don't I don't blame them.
• 43:19
  It's human nature, right? So like I guarantee you in 20
• 43:24
  years, right, you know when me and Opti are boomers or
• 43:28
  whatever, or the millennials are looked at as boomers, they're
• 43:31
  going to the younger generations are going to be like, you know,
• 43:34
  like F those guys, they were buying Bitcoin at 10,000 like
• 43:38
  you know, like I don't like them.
• 43:39
  Like what do you mean 100,000 Bitcoin?
• 43:41
  Like that's crazy. Like now I have to pay
• 43:43
  $2,000,000 for Bitcoin. Like what a scam.
• 43:46
  Same thing is going to happen. Like history is going to repeat
• 43:48
  itself. Opti, what's your take on all
• 43:51
  this bro? Yeah, well.
• 43:53
  First of all, I do want to hit on the 43,000,000 number.
• 43:57
  You know, I love Hopefium as much as anyone else does, and I
• 44:01
  do love this $43 million prediction.
• 44:03
  But if you look at the math, what was it, 900 trillion / 21
• 44:08
  million? That's where 43,000,000 comes
• 44:10
  from. I do love this very simple
• 44:13
  analogy here. I, I do love the framing.
• 44:15
  I do love the opium, but I am one of those bitcoiners that
• 44:19
  doesn't believe that Bitcoin is going to take over all of the
• 44:22
  world's global assets. I think there will still be a
• 44:24
  place for a lot of things in the world, you know, whether that's
• 44:27
  gold or, you know, real estate or whatever dumb thing you want
• 44:30
  to buy besides Bitcoin. So I, you know, I would
• 44:34
  conservatively say what, 21 and a half million is probably
• 44:38
  closer to the right number here. But hey, even that sounds good
• 44:41
  to me. So that that would just be my
• 44:43
  one contention because I just believe in the money is 1/2 of
• 44:46
  every transaction. So left side of the bell curve
• 44:48
  thinking it should be half of the world's wealth, which is
• 44:51
  currently at about 1 quadrillion or 1000 trillion.
• 44:55
  So, you know, I love the bullish take on by Jeff Booth.
• 44:59
  Obviously he's, he's a, you know, he's far farther on the
• 45:03
  other side. Wait, farther on the other side
• 45:04
  of the bell curve than I am. But his idea of deflation is the
• 45:09
  natural state of the free market.
• 45:10
  I totally believe in that. We see that playing out in
• 45:12
  technology like your iPhones get cheaper every year.
• 45:15
  Technology just constantly gets cheaper every year, except our
• 45:19
  cost of living gets more expensive, and that's because of
• 45:22
  inflation. It's because we got a parasite.
• 45:24
  If there's something on our all of our money, all of our
• 45:27
  productivity that is literally stealing our productivity.
• 45:30
  And that's the biggest concern going on right now.
• 45:33
  And most people don't see this happening.
• 45:35
  Most people probably don't even think it's a problem.
• 45:37
  Most people are OK with the 2% inflation mark going on in the
• 45:40
  world. It's like, yeah, money's
• 45:41
  supposed to lose 2% a year. That's just how it works.
• 45:45
  Bitcoin proves that that's not the case, that something can
• 45:48
  work without losing value and we could still be more productive.
• 45:51
  This is like the fundamental philosophical divide that we are
• 45:54
  currently living through. Is there people that think, hey,
• 45:57
  you know, we need to steal from you at 2% a year so that we can
• 46:01
  be more productive as a whole? Personally, I don't think that
• 46:04
  that's true. I, I fundamentally disagree with
• 46:07
  that. I think if we all are able to
• 46:08
  keep most of our wealth, or rather all of our wealth, then
• 46:12
  we will be more productive individually and then society
• 46:15
  becomes more productive at large.
• 46:17
  And this is like the fundamental conversation going on right now.
• 46:21
  And you can see a lot of the Keynesians out here are rather
• 46:23
  traditional economists that we fundamentally have a hard time
• 46:28
  wrapping their heads around this idea.
• 46:29
  Whereas Bitcoiners we're just, a lot of times we kind of stopped
• 46:33
  arguing with them because it like you just look at the
• 46:35
  numbers, Bitcoin's the best performing asset in the last
• 46:38
  1516 years. Nothing comes even close to it.
• 46:41
  If you hold Bitcoin longer than five years, you're basically
• 46:44
  like 99.95% probable being in profit, and if you hold dollars
• 46:51
  over that that same time span, you've lost at minimum 25% of
• 46:55
  your purchasing power. It's like if you actually look
• 46:58
  at what is going on with just the data and the facts, they're,
• 47:03
  they're, they're completely wrong.
• 47:05
  But they do have a bigger microphone.
• 47:07
  They do have a bigger market here.
• 47:09
  You know, they do control the economy.
• 47:10
  And as Bitcoiners are still relatively small compared to
• 47:13
  everything else, I think we're what, at like .2% or .02% of
• 47:17
  global capital right now. It's like we're tiny.
• 47:19
  We, we forget how tiny of a market Bitcoin actually is.
• 47:23
  And that just makes me even more bullish that we, we are going to
• 47:26
  see incredible gains in Bitcoin because a lot of the world's
• 47:28
  capital is going to flow into Bitcoin now.
• 47:31
  It's going to be all of the world's capital.
• 47:32
  Probably not, but hey, I'll take half of the world's capital.
• 47:35
  That's still a $500 trillion market cap.
• 47:37
  That's what, 250X from here? I think if my math's good right
• 47:41
  now off the Dome, it sounds good to me.
• 47:43
  What's 250X from a hundred 100,000 Bitcoin?
• 47:47
  That's what, 2.5 mil? I think maybe, I don't know.
• 47:50
  Maths is hard this morning. It's Monday, you know, hold your
• 47:52
  tomatoes. So I do agree with him, but I
• 47:55
  think that number's a little high, to be honest.
• 47:58
  I just heard you say Gaines and we got, I like it in the house.
• 48:02
  We got Sal in the house and he knows all about them Gaines.
• 48:06
  Anyways, guys, it's going to be a great show.
• 48:09
  We're going to be talking about Michael Saylor owning 3% of the
• 48:13
  total Bitcoin supply. Is that a good thing?
• 48:15
  Is that a bad thing? We're going to be discussing it.
• 48:17
  Then the potential for in, I think it's inevitable, a
• 48:21
  potential 61-O2 order with this massive concentration of Bitcoin
• 48:27
  in the hands of literally 1 custodian, right?
• 48:31
  And that's just one door knock away from saying, hey, hand over
• 48:37
  the keys. That's exactly what happened
• 48:39
  during the six one O 2 order. The reason that FDR was able to
• 48:44
  get away with that was because of the centralization of the
• 48:46
  custody of gold. So we're going to be talking
• 48:48
  about all that, ladies and gentlemen, you guys are going to
• 48:50
  want to stay tuned. We're going to be right back.
• 48:52
  We're going to hit the news segment.
• 48:56
  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
• 50:48
  back. Anyways, I just, I literally
• 50:51
  just saw this and I thought it was hilarious.
• 50:53
  And I have to, I have to share it with you guys because it's
• 50:56
  it's really funny. It kind of kind of proves my
• 50:58
  point. But I really just saw this on my
• 51:01
  timeline. And here's BitPay.
• 51:06
  And he says, dear boomers, we can rent and stack Bitcoin
• 51:10
  longer than you can remain alive.
• 51:12
  Either you drop your ask or we'll save our bid for your for
• 51:16
  your estate sale. And then here's a a post of 0
• 51:20
  hedge housing pipeline. Is hope hopelessly clogged up
• 51:24
  Compilations are plugging us as inventory of homes for sale
• 51:28
  remains at record highs as buyers bulk at sticky prices.
• 51:33
  And then this I found this hilarious.
• 51:36
  Someone replied stack away. I'm I'm having my home raised
• 51:40
  upon my death, you entitled clown.
• 51:44
  By the way, rumors didn't have a say just as you don't we all
• 51:48
  been played. Just don't play the victim the
• 51:51
  paid. Thank you for making my point
• 51:53
  for me. Like dude like this is crazy
• 51:58
  bro. You know the funniest, the
• 52:00
  funniest thing about this is every time you bring this up, it
• 52:03
  like everyone freaks out. So what's that saying?
• 52:06
  You know, the Flack is hardest over the target or whatever.
• 52:09
  It's every time we bring this up, it's like a everyone loses
• 52:12
  their shit in the chat. Like it's crazy, dude.
• 52:15
  It's like, dude, I'm not paying 1.5 million for your home.
• 52:19
  Like I'm not doing it. You're like, dude, you're not
• 52:23
  getting that 10X from me, bro. I'm not buying your bags.
• 52:27
  Oh man. So bit pain is is spot on here.
• 52:32
  Anyways, so Michael Saylor, this is the news that I just got
• 52:37
  sidetracked a little bit 'cause I saw that.
• 52:39
  I thought it was hilarious. Michael Saylor, Bitcoin is on
• 52:43
  sale again. This is the tracker that
• 52:46
  indicates how much Bitcoin MicroStrategy has bought.
• 52:49
  One thing to point out though, is that dude, most of this
• 52:52
  buying literally has happened on the tops.
• 52:55
  So sailors like the rest of us, but just like a billionaire
• 52:58
  instead, right? But yeah, like most of this
• 53:01
  buying has happened in the tops. Like look at look at, look at
• 53:04
  that bear market stuff, man, Barely not that many buys, just
• 53:08
  like the rest of us. We all don't have cash anyways.
• 53:14
  So that's the news. Michael Saylor obviously is
• 53:18
  buying more Bitcoin and it officially he is rich officially
• 53:22
  strategy now owns 3% of the Bitcoin supply.
• 53:27
  Now, normally I would say, you know, first of all, as a
• 53:30
  bitcoiner, I, I don't like, you know, it's, it's Bitcoin.
• 53:34
  Anyone could do whatever they want with it.
• 53:36
  I would prefer for not as much Bitcoin being concentrated in
• 53:42
  such just one entity. I'd rather want it.
• 53:46
  I'd rather it be distributed. But at the end of the day, like
• 53:49
  if Michael Saylor, if people are willing to sell their Bitcoin to
• 53:52
  Michael Saylor, then so be it, right?
• 53:56
  But the reason I don't like it is twofold.
• 53:59
  Number one, such a concentration and one entity like what is it
• 54:06
  like what does that do for the like, like what are the what are
• 54:10
  the implications of that? Like, you know, like it it's
• 54:14
  like if you buy 100% of something, you know, like does
• 54:19
  it have value, right? Like at what point does it like
• 54:21
  not to at what point does it start to become
• 54:24
  counterintuitive, right? Like at what point?
• 54:27
  Like at, at what percentage is it like, OK, like I want 10% of
• 54:32
  the supply and then 90% everybody else owns and like,
• 54:36
  that's the best return. But like, what if he owns 25?
• 54:39
  I don't think he'll get to 25%. But I'm just saying this for
• 54:42
  argument's sake. What if he gets to 25% of the
• 54:44
  supply? Does it make sense for everyone
• 54:47
  to, you know, own the the other 75%?
• 54:51
  I don't know. That's above my pay grade.
• 54:53
  That's not what I want to talk about today, but just a thought.
• 54:56
  Where I am concerned, and this is a real concerns just because
• 55:00
  of the historical context, is when there is such a
• 55:05
  concentration of supply owned by an entity and that entity
• 55:11
  custodies their Bitcoin with Coinbase, which custodies the
• 55:17
  Bitcoin of the majority of the ETFs, of the majority of the
• 55:22
  Bitcoin that a lot of these companies own.
• 55:25
  They're all custodied with Coinbase and that is not a good
• 55:30
  thing. This, I'm taking guys back in
• 55:34
  time to the infamous 61-O2 order.
• 55:37
  This was an executive order signed April 5th of 1933 where
• 55:42
  President FDR forbade the quote hoarding of gold coin, gold
• 55:47
  bullion, and gold certificates within the continental United
• 55:52
  States at the time. In the years that followed, this
• 55:55
  policy was highly controversial, and it faced criticism from
• 55:59
  those who asserted it was completely immoral and a
• 56:03
  flagrant violation of solemn promises made in the Gold
• 56:07
  Standard Act of 1900. Now, think about it from just
• 56:10
  like, you know, first principles perspective.
• 56:14
  The president, right? The leader of a country made it
• 56:18
  illegal for you to hold metal, right?
• 56:22
  If you just break it down and you just simplify it, that's
• 56:27
  what they did. Now, why did they do that?
• 56:30
  They did that because the United States was in a pickle, right?
• 56:34
  It was in a pickle. The rationale, the stated reason
• 56:37
  for the order, was that hard times had caused hoarding,
• 56:41
  right? Hoarding sounds very similar to
• 56:44
  huddling, does it not? Of gold stalling economic growth
• 56:49
  and worsening the depression. So think about it this way, just
• 56:54
  for a second. Just for a second, right?
• 56:58
  They're printing an ungodly amount of money in an
• 57:01
  unsustainable fashion, right? This is not sustainable.
• 57:04
  Liz Lynalden. Nothing stops this train.
• 57:08
  Larry Leopard, you know the big print you saw that comment from
• 57:13
  bit pain, right? I would rather burn my house to
• 57:16
  the ground than you getting it. So could you imagine in the
• 57:20
  future you getting this type of language right?
• 57:26
  Us we are concerned about the holding of Bitcoin because it's
• 57:35
  stalling economic growth and it's worsening the depression
• 57:40
  that we caused because we inflated the money supply.
• 57:44
  Like is that that's not a stretch.
• 57:48
  That's not a stretch at all, right?
• 57:50
  That that's like, you know, it's, it's like this is not the
• 57:55
  current fiscal path of the United States.
• 57:57
  It's not sustainable, it's not sustainable.
• 58:01
  It's just not sustainable. We're starting to feel the
• 58:03
  effects of that, right? The wealth inequality in society
• 58:06
  is growing. You see the M2 money supply, no
• 58:11
  one's buying the bonds. The bonds are being bought by
• 58:13
  the Federal Federal Reserve itself.
• 58:15
  Eventually something cracks. And then when something cracks,
• 58:19
  inevitably what happens is this is the type of stuff that
• 58:22
  happens. Government switch back to a hard
• 58:25
  money standard. But if they don't have that hard
• 58:28
  money standard to switch back to, what happens, right?
• 58:32
  This is this is the type of situation that happened, right?
• 58:35
  So yeah, just switch the wording.
• 58:39
  The stated reason for the order was that hard times have caused
• 58:43
  the huddling of Bitcoin, stalling economic growth and
• 58:47
  worsening the depression. You could see the exact same.
• 58:50
  You just switch the words. It's it's, it's, it's basically
• 58:54
  the same thing. And I'm not the only one to
• 58:56
  think this way, by the way. Now here's Alex Gladstein
• 58:59
  agreeing to the US government now owns 10% of Intel.
• 59:06
  Could this also happen to the company's custody Bitcoin?
• 59:10
  Here's what we wrote in our most recent report.
• 59:13
  That said, the historic risk to custody Bitcoin remains.
• 59:19
  At the moment it is probably a very low risk given the current
• 59:23
  administrations posture and the broader institutional trend, but
• 59:27
  that could change and will depend on which jurisdiction
• 59:31
  investors reside in. History shows that measures once
• 59:35
  thought extreme can quickly become popular under the right
• 59:39
  pressures. A future administration,
• 59:42
  especially in the context of out control, out of control
• 59:46
  budgetary deficits and escalating domestic and military
• 59:50
  conflicts might take a more adversarial stance.
• 59:54
  In such a scenario, large stashes of Bitcoin that are held
• 59:59
  in heavily regulated onshore entities would be.
• 1:00:02
  Considered quote low hanging fruit and thus the most
• 1:00:06
  vulnerable to confiscation or forced re hypothecation in order
• 1:00:12
  to borrow cash. So let me translate that for
• 1:00:15
  you, because this is what happened during the six one O 2
• 1:00:18
  order. They stole the gold and in
• 1:00:21
  return they gave paper, right? And the, the, the offset was
• 1:00:26
  crazy, like the way that they pulled it off.
• 1:00:29
  Like check this out. In 1934, the Gold Reserve Act
• 1:00:32
  was passed, changing the statutory gold content of the US
• 1:00:35
  dollar from $20 to $35.00 an ounce.
• 1:00:39
  This effectively devalued the dollar, reducing the amount of
• 1:00:44
  gold required to back-to-back US currency, enabling the Federal
• 1:00:49
  Reserve to expand the money supply.
• 1:00:51
  And mind you, this was before Richard Nixon took us off the
• 1:00:55
  gold standard. They did the same big, this is
• 1:01:00
  what I'm trying to tell you guys.
• 1:01:02
  So if we are to kind of summarize, summarize it all up,
• 1:01:05
  right? And then I'll pass it on to Opti
• 1:01:07
  to, to, to hear his point, right.
• 1:01:10
  So today we need to talk about something that's straight, that
• 1:01:13
  sounds straight out of a collectivist playbook. the US
• 1:01:17
  government now owns about 10% of Intel.
• 1:01:21
  That's right. Washington converted nearly $9
• 1:01:24
  billion in so-called CHIPS Act grants into actual equity, which
• 1:01:30
  means the federal government is now a major shareholder in one
• 1:01:35
  of America's largest tech companies.
• 1:01:37
  There's many, many different words for that, right?
• 1:01:41
  How do I say this in the most inclusive, nice way possible?
• 1:01:46
  Yeah, I'm sure you guys have heard the phrase seizing the
• 1:01:49
  means of production, right? This is not capitalism, it's
• 1:01:54
  creeping state ownership. And history shows us what
• 1:01:57
  happens when governments blow blur the line between public
• 1:02:01
  money and private enterprise. There's a word for that,
• 1:02:05
  actually. It starts with an F.
• 1:02:07
  You get cronyism, distortion and eventual control.
• 1:02:11
  It looks a lot less like America on a lot like the state-run
• 1:02:15
  industrial policies we supposedly oppose.
• 1:02:19
  The government is not meant to run a corporation.
• 1:02:24
  The government is not. That is not the role of
• 1:02:26
  government. The role of the goal of
• 1:02:28
  government is to protect private property, to keep law and order.
• 1:02:33
  The role of government is not to get into business.
• 1:02:37
  That is the role of the individual.
• 1:02:39
  History has shown the more freedom the individual has to
• 1:02:44
  take risks to become an entrepreneur, the more
• 1:02:48
  prosperous a society is. History has shown the more
• 1:02:52
  control a government takes over the economy, the less prosperous
• 1:02:57
  that economy is. So what does this matter for
• 1:03:00
  Bitcoin? Why do you guys?
• 1:03:02
  Why should you guys care? Because it shows you exactly how
• 1:03:05
  desperate the government is willing to get when backed into
• 1:03:09
  a corner. We've seen this before.
• 1:03:12
  In 1933, Executive Order 61-O2 forced Americans to hand over
• 1:03:18
  their gold to the government. Could they try something similar
• 1:03:21
  with Bitcoin? They can't reach it in cold
• 1:03:24
  wallets, but they could absolutely target US exchanges
• 1:03:27
  and ETFs where custody is centralized.
• 1:03:31
  If the state ever gets into a bind, the easiest move is to
• 1:03:35
  610-6102 the Bitcoin sitting on regulated exchanges and say
• 1:03:41
  they're doing it for or national security.
• 1:03:43
  That's where micro strategy, now called strategy, comes in.
• 1:03:47
  They hold 3% of all Bitcoin in existence, about 630,000 coins.
• 1:03:53
  If regulators wanted to pressure 1 corporate entity that
• 1:03:57
  represents a massive slice of supply, they already have their
• 1:04:01
  target insight. So here's the take away.
• 1:04:04
  Government now owns 10% of Intel.
• 1:04:06
  Don't be shocked if one day they move on.
• 1:04:09
  Bitcoin held inside the system. If your Bitcoin is on an
• 1:04:13
  exchange, you don't really own it.
• 1:04:16
  Only self custody, only cold storage keep you outside of
• 1:04:20
  their reach. History doesn't repeat, but it
• 1:04:24
  sure does rhyme sometime. 61-O2 happened, but happened once, and
• 1:04:28
  this Intel deal proves the state is still very comfortable
• 1:04:32
  picking up when it winners and season control.
• 1:04:35
  Don't let them seize yours, Which is exactly why we
• 1:04:39
  applicate for self custody every single day on simply Bitcoin
• 1:04:45
  anyways. Opti 3% of the supply of Bitcoin
• 1:04:51
  and Coinbase's Bitcoin and the ETF Bitcoin.
• 1:04:56
  Now I know why. Now I know why.
• 1:04:59
  The Trump administration is not so interested in stacking the
• 1:05:02
  Bitcoin. They're these companies are
• 1:05:05
  stacking the Bitcoin for them. All it needs is just one
• 1:05:08
  executive order and that Bitcoin becomes theirs, right?
• 1:05:12
  Because that's what FDR did. I'm just saying like why pay
• 1:05:16
  for? Why pay for something if you
• 1:05:18
  could just make an order and it's yours?
• 1:05:20
  Well, and going a little deeper, BlackRock and strategy combined
• 1:05:26
  hold about 6 1/2 of the total Bitcoin supply currently.
• 1:05:29
  So, you know, there's a there's a couple of avenues and
• 1:05:32
  companies that they could potentially, you know,
• 1:05:37
  nationalize or or take a stake in as they're framing this.
• 1:05:41
  And if you think we're just kind of speculating or putting our
• 1:05:45
  tinfoil hats on, remember what they said in the Digital Working
• 1:05:48
  Assets group that just came out a couple of weeks ago?
• 1:05:50
  They literally said, yeah. Or rather, Scott Besson said it
• 1:05:53
  very publicly. Yeah, we're not going to buy
• 1:05:56
  anymore, but we are very interested in confiscating your
• 1:05:59
  coin. I don't know.
• 1:06:01
  Look, I I know we're speculating.
• 1:06:03
  I know this is kind of maybe you could say fear mongering at this
• 1:06:06
  point. I don't think so.
• 1:06:08
  But yeah, that's what I was gonna.
• 1:06:09
  Say, around here a minute, yeah. That's exactly what I was gonna
• 1:06:12
  say. But this is not out of the realm
• 1:06:13
  of possibility of what's going on.
• 1:06:15
  If you historically kind of think in the context of what
• 1:06:19
  government has done in the past, I think this is this is a a non
• 1:06:22
  zero chance that this could happen, which is why I would
• 1:06:26
  argue, and we've been arguing on the show for a long time.
• 1:06:29
  You probably don't want to put all your stack into a strategy
• 1:06:33
  product here. You probably don't want to keep
• 1:06:35
  all of your Bitcoin on an exchange.
• 1:06:37
  If, if this doesn't ring alarms in your head right now and
• 1:06:40
  doesn't make you want to learn how to self custody your
• 1:06:43
  Bitcoin. If you've never had before, like
• 1:06:45
  this should be the time to do it.
• 1:06:46
  You want to prepare now because who knows what's going to happen
• 1:06:49
  in the future. We've been saying it for a long
• 1:06:51
  time. As much as we like a lot of the
• 1:06:54
  the nice rhetoric coming out of the Trump administration right
• 1:06:57
  now and and even nation states around the world.
• 1:07:01
  Breaking. Wow, breaking that little wow,
• 1:07:05
  let's go to. Take ownership in more
• 1:07:07
  companies. Wait.
• 1:07:10
  What? Time is it?
• 1:07:11
  What time is it for you right now?
• 1:07:14
  This was an hour ago. He's in.
• 1:07:17
  He's in European time, Yeah. So like.
• 1:07:20
  If he's psychedelic, hello United States doing his party.
• 1:07:26
  It's like, as I was saying, as much as we like a lot of the
• 1:07:29
  favorable rhetoric coming out of these nation states, remember
• 1:07:34
  what governments are really good at it is seizing your property
• 1:07:37
  here. So This is why you need to take
• 1:07:39
  your Bitcoin into custody. This is why self custodying your
• 1:07:42
  Bitcoin is the most important aspect of this.
• 1:07:44
  This is the revolutionary act controlling your money because
• 1:07:47
  who knows when, when something like this will actually happen.
• 1:07:50
  And we've been, we've had a pretty good track record on this
• 1:07:53
  show. Now I don't think this is going
• 1:07:55
  to happen like next year, but from that tweet it could make
• 1:07:58
  it. Possibly happen a lot sooner
• 1:07:59
  than we think. But this is something that
• 1:08:02
  Bitcoiners have been saying for a long time.
• 1:08:04
  Remember, this is the separation of money and state.
• 1:08:07
  And as the state kind of gets back into a corner, they start
• 1:08:11
  to lash out even even more vicious than they have in the
• 1:08:13
  past. And I think this would be one of
• 1:08:15
  the most vicious moves here, You know, tentatively embrace the
• 1:08:20
  Bitcoin industry and then just seize the Bitcoin treasury
• 1:08:23
  companies. That'd be crazy.
• 1:08:26
  I, I said this the other day, I, I, I posted this on, XI said
• 1:08:32
  what's really crazy about Bitcoin is that not only does it
• 1:08:37
  prove that money can exist without the state, it proves
• 1:08:41
  that money is better without the state.
• 1:08:45
  And that is a, that is a extremely powerful and
• 1:08:50
  revolutionary idea. And you have to understand that
• 1:08:55
  amount that there's, there's a tremendous amount of power the
• 1:08:59
  state has from being able to control money.
• 1:09:04
  But here's the thing, the citizens gave the state that
• 1:09:09
  power. We, we, we empowered the state
• 1:09:12
  because there was no other way to do money.
• 1:09:15
  There was no other that like, you know, there was there was
• 1:09:17
  different versions of it, but it seemed like the best way was to
• 1:09:22
  give the power to the government so that the government would be
• 1:09:26
  the issuers of money, right? Because we we trusted the
• 1:09:29
  government, we had democratic control over the government.
• 1:09:32
  Bitcoin supposedly good Bitcoin comes and it's like, hey,
• 1:09:39
  there's rules, but there's no rulers and actually the money's
• 1:09:44
  even better. So then now the state has to
• 1:09:48
  justify its control over the money, because if you live in a
• 1:09:53
  democratic society, the whole point of them having control is
• 1:09:59
  for the better of society. That's the whole point of it.
• 1:10:02
  But what happens when there's a system that comes that proves
• 1:10:08
  that, hey, listen, it's not about us controlling it or you
• 1:10:12
  controlling it. No one controls it and it's
• 1:10:14
  actually better for everyone. The state has to justify its
• 1:10:19
  control. And they're going to do that
• 1:10:21
  with media. They're going to do that with
• 1:10:24
  attacks on self custody. They're going to do that.
• 1:10:27
  They're not just it's not going to just roll over and say, all
• 1:10:30
  right, guys, here are the keys. You know what?
• 1:10:32
  You're right. This is better money.
• 1:10:34
  No, no, no. You have an entire system and
• 1:10:39
  bureaucracy that is literally supported by the money printer.
• 1:10:45
  You're talking about millions of people, right, that are addicted
• 1:10:50
  to this printed money that is being like, you know, stiffened
• 1:10:56
  from the population, right. And that system isn't just going
• 1:11:01
  to say, all right, guys, you're right.
• 1:11:02
  You know, like it's this is sound money.
• 1:11:04
  This is good. This is hopeful for whatever.
• 1:11:07
  No, no, no, no, I don't think it's going to do that.
• 1:11:09
  Sal, what's your take? And then we're going to talk
• 1:11:12
  about fitness. Opti said it and a bunch of
• 1:11:17
  people in the chat said it. If you think there is a non zero
• 1:11:21
  chance that this might happen, take your Bitcoin and self
• 1:11:25
  custody and protect yourself and your family and it's as simple
• 1:11:30
  as that. You know, if it's a chance, why
• 1:11:33
  risk it? Bars love that.
• 1:11:37
  All right, everybody stay tuned. We're going to give be giving
• 1:11:40
  away some sats at the end of the show and we're going to be
• 1:11:43
  talking to Sal. Sal is the Bitcoin community's
• 1:11:47
  trainer. He'll get you into shape.
• 1:11:51
  He's trained some of the most predominant Bitcoiners that you
• 1:11:54
  know, he is currently training them.
• 1:11:57
  He has trained them. So if you guys want to get into
• 1:12:00
  shape, you know who to call, you guys could hit up Sal.
• 1:12:04
  Wait, better call Sal. That's funny.
• 1:12:07
  I just made that. That just popped into my head.
• 1:12:10
  All right, everybody, let's get to the culture.
• 1:12:11
  We have tons to talk about. Let's check out.
• 1:12:13
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  our partner Hive Digital Technology.
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  IO. Join today where Bitcoin meets
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  freedom. All right, Sal, this is where
• 1:14:19
  the fun Conversation has. And apparently the chat is
• 1:14:22
  already valued in their own life.
• 1:14:24
  They're like, yeah, I should probably.
• 1:14:26
  I probably need a trainer. Well, Sal's the guy.
• 1:14:29
  I've been talking about Sal on the show for a long time.
• 1:14:33
  You know, you'll see me on the show and I will be sore and
• 1:14:36
  saying Sal's been kicking my ass.
• 1:14:38
  This is this is the Sal I am talking about.
• 1:14:41
  He's our dude here. I've been saying the unofficial
• 1:14:43
  official trainer of simply Bitcoin for over a year now and
• 1:14:47
  I want to start Sal. We we do have me as you know,
• 1:14:51
  the Guinea pig here. I am Sal's E girl here.
• 1:14:53
  So I do have some pictures and stuff and training and all that
• 1:14:56
  good stuff. But it was what about a year ago
• 1:15:00
  at Bitlock Boom where we hung out.
• 1:15:03
  Maybe I should pull that picture up.
• 1:15:05
  But I want you to tell me what, what's the motto?
• 1:15:08
  The saying that you always say, I always butcher it, but you
• 1:15:11
  always tell me the same thing. And you were, you actually just
• 1:15:14
  do the same pitch you did for me at, at Bit Block Boom where I
• 1:15:17
  was like, this is like this, this doesn't work.
• 1:15:19
  Like quit trying to sell me on something that doesn't work like
• 1:15:22
  this. And now I've done it and it
• 1:15:24
  does. So Sal, what was the what was
• 1:15:26
  the pitch that you gave me at Bit Block Boom.
• 1:15:30
  All right, so most people think I'm crazy when I say this, but
• 1:15:35
  my program is as simple as can be.
• 1:15:37
  It's only two days a week of training, and it's less than 8
• 1:15:42
  minutes of total work per week. All you need is to have access
• 1:15:47
  to a barbell gym in a couple of days and it'll completely change
• 1:15:52
  your life. And everybody laughs at me when
• 1:15:54
  I says it. Eventually they try it and after
• 1:15:57
  6 to 8 months they always say the same thing.
• 1:16:00
  Just like Opti is about to tell you.
• 1:16:02
  Wow, I can't believe it actually works.
• 1:16:05
  Yeah, here. Hold on.
• 1:16:06
  I I found the picture. Let me, let me.
• 1:16:08
  This is all right. So Sal sent me this picture here
• 1:16:13
  of us. This was at bitblock.
• 1:16:15
  Boom. Oh, wait.
• 1:16:16
  Hold on. It's it's not that long.
• 1:16:18
  Give me one second at bitblock boom.
• 1:16:22
  And you can see I, I actually have a neck now.
• 1:16:26
  So let me let me let me pull this up here Hold on, It's not
• 1:16:29
  working. One second my thing's acting up.
• 1:16:32
  I didn't save this photo here. So let me hopefully I can pull
• 1:16:34
  it up here. Is it this one?
• 1:16:37
  No. Oh, it's not working.
• 1:16:40
  It's not working for me. Anyways, we won't share that
• 1:16:43
  photo 'cause it doesn't really show anything.
• 1:16:45
  It just shows I had no neck here.
• 1:16:47
  But yeah, I I can't agree and and confirm.
• 1:16:50
  So Sal told me the same thing. Two workouts a week, 8 minutes
• 1:16:54
  under under the weight. And I'm like, no way, dude.
• 1:16:57
  Like there's no way this is gonna work.
• 1:16:59
  And Sal, actually, do you have your notebook here?
• 1:17:02
  Maybe you can show people what, what, what was the weights that
• 1:17:05
  I started at. Tell them the official, this is
• 1:17:09
  how weak I was all right, a year ago when I started with Sal.
• 1:17:13
  So we do, we do, you know, 33 workouts.
• 1:17:16
  We do, you know, squats, overhead press and deadlifts.
• 1:17:19
  And as you get more advanced, we'll probably pull in some,
• 1:17:22
  some benching in there. So Sal, what were the numbers
• 1:17:24
  that I started with? And then we'll show them what
• 1:17:27
  what I got to in a year of 2, 2A day or two a week basically.
• 1:17:33
  OK, So what it comes down to is three sets of five squats, three
• 1:17:37
  sets of five overhead presses, and one set of five deadlifts.
• 1:17:41
  You do that twice a week. Progressive overload.
• 1:17:43
  You add win every workout. And Opti actually started June
• 1:17:48
  17th last year. Now just some context.
• 1:17:51
  When I met Opti, he was kind of losing some stubborn body fat
• 1:17:57
  and he wanted to get down to 185 lbs before starting to lift.
• 1:18:01
  So I give him time. I said, all right, I'll call you
• 1:18:04
  in a few months. I got.
• 1:18:04
  It I got it, I got it. I said I'll call.
• 1:18:09
  You in a few months. Oh my God, dude.
• 1:18:14
  Skinny fat for sure. And then he said he was ready to
• 1:18:17
  get started on the program. And in the 1st 10 months we
• 1:18:20
  worked together, he went from 185 lbs.
• 1:18:24
  It's a 220 lbs. So you put on 35 lbs of body
• 1:18:29
  mass. Most of it was lean body mass,
• 1:18:31
  probably 80 percent, 20% body fat of that was fat.
• 1:18:36
  And he got his lifts crazy strong.
• 1:18:39
  So we started June last year. He squatted 135.
• 1:18:45
  Pounds, I know. No, I'm pulling up.
• 1:18:46
  I'm pulling up my. I'm going to flex right here.
• 1:18:49
  We're going to pull up some the, the the weight so you know I'm
• 1:18:52
  not lying, someone said. Sal, I know you are lying here.
• 1:18:55
  We're not lying. I have weights, all his numbers,
• 1:18:59
  all his workouts for the year. 135 lbs is where he started with
• 1:19:05
  his squat. His squat PR after 10 months was
• 1:19:08
  365 lbs. Here we go.
• 1:19:12
  Here we go. Here's Opti's 365 LB squat after
• 1:19:16
  10 months. Only two days a week, 8 minutes
• 1:19:20
  of work. OK, there's a squat PR.
• 1:19:24
  It's it's heavy. OK.
• 1:19:25
  And then, and then we'll pull over.
• 1:19:27
  Here's the overhead press. What?
• 1:19:28
  What? What did I start here with?
• 1:19:29
  Like 65? 65 lbs.
• 1:19:32
  And this is 225 lbs strictness. Struggling, but hey, did it.
• 1:19:39
  OK. And then the last one, we have
• 1:19:42
  deadlifts. The deadlift, you were also at
• 1:19:45
  1:35 to start and this is four O 5.
• 1:19:48
  Super heavy. OK, so it does work, 22 workouts
• 1:19:54
  a week. I think at this time we were
• 1:19:56
  working out what, like 45 minutes?
• 1:19:59
  The total time in the gym, because you are going to rest
• 1:20:02
  between sets, is about 45 minutes, but of actual work
• 1:20:05
  you're doing it's just under 4 minutes each day.
• 1:20:08
  It's all it is. Yeah.
• 1:20:09
  And then here we finally got to the bench press, which was a
• 1:20:13
  couple of weeks ago. 155, you started on the bench, and this
• 1:20:18
  is 300. Let's go, your boy.
• 1:20:23
  Moving some weight. Moving some weight.
• 1:20:26
  And that's all you know within less than a year's period.
• 1:20:30
  And this works every single time for everyone.
• 1:20:33
  I've had hundreds of clients. I've got tons of bitcoiners as
• 1:20:36
  clients and I'm always looking to help any bitcoiner who wants
• 1:20:40
  to turn his life around or they just want to get stronger or get
• 1:20:44
  some nice conversation and talk about programming.
• 1:20:47
  You know, that's what I'm here for.
• 1:20:50
  And Opti he, like I said, we got him up to 220 lbs and then once
• 1:20:54
  he hit those one Rep maxes, we went on a little bit of a cut
• 1:20:58
  phase, got him down from 2:20 to about two O 5.
• 1:21:02
  And now he's kind of maintaining about that 2O5 body weight.
• 1:21:06
  We're moving the numbers. Back up.
• 1:21:08
  And I've been cheating a little bit.
• 1:21:10
  I've been eating. I've been eating like, hey, I've
• 1:21:13
  been eating lunch with Nico, so you know where that goes.
• 1:21:19
  Someone asks in the chat, what's the workout again?
• 1:21:21
  It's simple. It's three sets of five squats,
• 1:21:23
  three sets of five presses, one set of five deadlifts.
• 1:21:26
  Now, if you think you know how to squat, you don't.
• 1:21:29
  If you think you know how to press, you don't.
• 1:21:31
  If you think you know how to deadlift, you don't.
• 1:21:33
  So you know the coach is the real bottleneck in this process.
• 1:21:36
  Really understanding someone who can teach you how to move the
• 1:21:39
  right way, someone who understands programming, someone
• 1:21:41
  who's worked with every single demographic.
• 1:21:43
  I ran barbell classes for senior citizens for years out of the
• 1:21:47
  local Community Center in Miami. I've got kids, I train, I've got
• 1:21:52
  high school athletes, Bitcoiners, really any single
• 1:21:55
  demographic. They get the same program two
• 1:21:58
  days a week, progressive overload, no change.
• 1:22:02
  And it works every single time. So where?
• 1:22:05
  Can people, where can people find you bro?
• 1:22:07
  Because I, I can attest to this. I I had to had to, I had to get
• 1:22:14
  out of it personally, but Opti stuck to it just because of all
• 1:22:20
  the things that I'm doing with simply Bitcoin.
• 1:22:24
  Maybe that's the whole excuse, but where can people, where can
• 1:22:28
  people find you, Sal, if they're.
• 1:22:30
  Interested. Here we go.
• 1:22:31
  I do have skinny fat opti here. We'll pull up skinny fat opti
• 1:22:36
  and then I took some diva pics. Skinny fat opti now with some
• 1:22:42
  muscle so it works No taking these pictures no I did felt I
• 1:22:47
  did feel fat in this so I took one this morning so and your boy
• 1:22:50
  looks skinnier and more lean so. There you go.
• 1:22:53
  There we go. Okay, okay, I felt fat.
• 1:22:56
  I felt fat in those photos and I took one this morning.
• 1:22:59
  Why are you taking these pictures bro?
• 1:23:02
  OK. It's for sound.
• 1:23:02
  OK. OK.
• 1:23:05
  And you're sending. All right, OK guys, you can
• 1:23:07
  reach me across any social media platform, Nostra X Instagram,
• 1:23:12
  everywhere on the same handle, BTCBYTZBTC bytes again, BTCBYTZ,
• 1:23:23
  and shoot me a message on whichever platform you like to
• 1:23:27
  use. And like I said, I'm here, I'm
• 1:23:30
  the Bitcoin trainer, and let's get this done.
• 1:23:33
  We're going to rule the world one day.
• 1:23:34
  The healthier we are, the stronger we'll be, the better
• 1:23:37
  representatives will be for the rest of the world.
• 1:23:41
  You ain't fooling no and Opti, opti body double.
• 1:23:44
  No, I actually put in the work here.
• 1:23:46
  OK, I I've been putting in the work.
• 1:23:48
  I've been complaining every single day, but I put in the
• 1:23:51
  work because I, I literally, I, I was telling my friends this
• 1:23:54
  because I'll tell a couple of my friends the program I'm on and
• 1:23:58
  they, they knew kind of, they knew me before I started working
• 1:24:02
  out. And they're like, dude, like
• 1:24:04
  there's no way you got this big off 2 workouts a week for, you
• 1:24:08
  know, 45 minutes an hour, you know, a time.
• 1:24:11
  And I'm like, no, dude, like I trusted the process with Sal.
• 1:24:14
  So I'm trusting the process all the way through.
• 1:24:16
  I was getting my friends yelling at me because I did like a, you
• 1:24:19
  know, during the cut. I wasn't drinking like you're
• 1:24:21
  dude, you won't even drink a beer with me.
• 1:24:23
  I'm like, bro, I trusted the program this far.
• 1:24:25
  Like I cannot drink for a little sit with you on the weekends,
• 1:24:28
  dude. They gave me a lot of shit.
• 1:24:30
  And then after they're like, wait, what?
• 1:24:32
  What what was the program you're doing again?
• 1:24:34
  Bro? It sounds a lot.
• 1:24:35
  That sounds a lot easier than what I'm doing.
• 1:24:37
  I don't know what I'm doing. So highly recommend you guys
• 1:24:41
  reach out to Sal. You will you will what?
• 1:24:46
  What's the gear that they're going to need to start with?
• 1:24:47
  Like a tripod and a? The tripod, a gym membership.
• 1:24:52
  If you have a home gym and you got barbells and plates at home,
• 1:24:55
  it's really simple. Just a barbell, some round
• 1:24:58
  plates and just the will to want to get strong and and stop being
• 1:25:03
  weak. 100% guys so you will be doing this like over Zoom and
• 1:25:07
  FaceTime and stuff guys so get in touch with him again at
• 1:25:10
  BTCBYTZ if you are interested and he will, you know, talk to
• 1:25:15
  you, but I highly recommend it guys.
• 1:25:18
  Get those gains. Get those gains.
• 1:25:22
  Awesome. All right everybody, today is
• 1:25:24
  August 25th, 2025. I'm your host, Nico's, my
• 1:25:27
  legendary Co host Optimist fields and of course, our
• 1:25:30
  special guest for today. You want to get ripped?
• 1:25:33
  Go check him out, Sal, and go follow his handle.
• 1:25:38
  Can I give one more shout out, bitch, one more.
• 1:25:41
  So also I'm part of a conference that we throw every year in in
• 1:25:45
  Colombia with John McGraw, BTC Medelline.
• 1:25:49
  We had our first one this previous January.
• 1:25:51
  We already had the the venue booked for next January.
• 1:25:55
  We had Jeff Booth out there, Knuts, Von Holm all over the
• 1:25:58
  lez. We had a star-studded cast of
• 1:26:00
  Bitcoiners. It was a very intimate
• 1:26:02
  conference, like I said in Medis in Colombia.
• 1:26:05
  If you guys are thinking about hitting up a Bitcoin conference
• 1:26:08
  in South America or just need a reason to go to Colombia, I
• 1:26:11
  highly recommend you guys check us out there next year.
• 1:26:16
  I love that, love that. All right everybody, hope you
• 1:26:19
  guys enjoyed the show. You know what to do smash the
• 1:26:20
  like button and consider subscribing if you feel like
• 1:26:22
  we've provided you value. And we'll see you guys tomorrow
• 1:26:24
  for a brand new episode of Simply Bitcoin Live.
• 1:26:27
  Today's episode was brought to you by bitcoinwell.com, a
• 1:26:30
  Bitcoin only platform on a mission to enable financial
• 1:26:33
  independence.