Latest / Simply Bitcoin / $1.4 Trillion Asset Manager Files for Spot Bitcoin ETF | EP 823

Transcript

$1.4 Trillion Asset Manager Files for Spot Bitcoin ETF | EP 823 · Simply Bitcoin

• 0:09
  It's all going to zero against Bitcoin.
• 0:12
  It's going up for everyone. You're against Bitcoin.
• 0:22
  You're against freedom. Good morning, everybody.
• 0:27
  What's up? What's up?
• 0:28
  What's? Up it is Wednesday, September
• 0:30
  13th, the year 2023. And we got some more news coming
• 0:34
  out from the top financial asset managers of the world.
• 0:38
  Officially filing another spot Bitcoin ETF?
• 0:41
  This one is Franklin Templeton, which has about $1.4 trillion of
• 0:47
  assets under management. So it seems like Bitcoin is
• 0:51
  maturing right before our eyes. Love to see it, and I know
• 0:55
  there's the negative bitcoiners out there, like we don't need
• 0:57
  them. Well, hey, even if we don't.
• 1:00
  There is tons of capital sitting on the sidelines waiting to get
• 1:05
  into Bitcoin, and so even though the price is crabbing sideways,
• 1:08
  it seems like there is a ton of interest in Bitcoin and you love
• 1:13
  to see it. And it really makes you wonder
• 1:15
  whether this time will be different this next bull run.
• 1:18
  And then of course the secondary questions of what is the SEC?
• 1:22
  Doing Are they going to approve Bitcoin ETF's this year?
• 1:25
  Are they waiting for next year like what is?
• 1:27
  Holding them back from approving a spot Bitcoin ETF.
• 1:30
  All the things that make you say, hmm, you know, what is the
• 1:35
  final thing that will finally let the boot drop and release a
• 1:39
  spot Bitcoin ETF. So we got all that for you guys.
• 1:41
  And then as well in the news we saw some rumblings coming out of
• 1:46
  the G20 summit about a global digital ID system, CBDC Systems,
• 1:51
  which when you really read into it is absolutely terrifying.
• 1:55
  And and. Interesting enough they are
• 1:57
  using new framing and new words for this.
• 1:58
  So we'll we'll we'll bring you all the receipts so that you can
• 2:02
  keep track of what they are saying.
• 2:04
  But as a bitcoiner, it's kind of one of those I told you so
• 2:08
  moments. You know we've been talking
• 2:09
  about this for months on the show about what their plans are
• 2:13
  and now it's no longer just us speculating about what they want
• 2:16
  to do, they are saying it for themselves.
• 2:19
  They want global control of your identity of your transactions.
• 2:24
  And it's very interesting about how this game theory is going to
• 2:28
  play out. You know, on the one hand, as we
• 2:30
  say all the time, there's Bitcoin and then there's
• 2:33
  slavery. There is a freedom, money, and
• 2:35
  then there is a total digital, tyrannical, authoritarian
• 2:39
  monetary system that they're trying to roll out in real time.
• 2:42
  But anyways, welcome to simply Bitcoin.
• 2:45
  We are your number one source for the peaceful Bitcoin
• 2:47
  revolution. We cover breaking news, culture
• 2:49
  and nomadic warfare. We bring on bitcoins from all
• 2:51
  around the world from the biggest names.
• 2:53
  To the everyday bitcoiner, we got them all and we will be your
• 2:55
  guide through the separation of money and state.
• 2:59
  And I am not alone today. Of course I am.
• 3:03
  Here with Dell. Dell, how are you doing?
• 3:06
  Good to have you back. It is a Wednesday.
• 3:08
  Of course, so we do the hosting duties.
• 3:12
  How you doing? This morning I'm good.
• 3:14
  Things are interesting. It's it's it's amazing how
• 3:17
  people will turn on each other for entertainment in any space.
• 3:21
  Like you you see things going well or they're they're going
• 3:25
  well, then people are happy. Like if there's a party and
• 3:28
  everybody's there and all the kids are woo, yeah, there's
• 3:29
  stuff There's a clown and funny clown.
• 3:31
  He's making balloons but as soon as all the clowns go away,
• 3:34
  there's no jumping castle. There's literally nothing to do
• 3:36
  except find entertainment. The kids are probably going to
• 3:39
  turn on each other. They're going to band it to
• 3:41
  teams. They're going to go.
• 3:42
  I mean, hey, what's that? Lord of the Rings?
• 3:45
  Not Lord of the Rings. Lord of Flies.
• 3:47
  That's not right. Is that what it Lord of flies?
• 3:50
  I think it's Lord of the Flies. Lord of the Flies, There we go.
• 3:53
  Knew it didn't sound quite right to me.
• 3:54
  For some reason, Brain parted there.
• 3:56
  They're going to turn on each other.
• 3:57
  You see this in pretty much every situation ever.
• 4:00
  So here it is. In Bitcoin space.
• 4:02
  Nothing's really happening. With the price, you get tiny
• 4:05
  little blips of news. I imagine this whole.
• 4:08
  Which recently revealed today PayPal mistakes spending 500
• 4:11
  half $1,000,000 to send about 800 bucks worth of Bitcoin that
• 4:15
  would have hardly made a blip if we were in a a bull market if
• 4:19
  things were popping off and like oh what's it's 30,000?
• 4:22
  Oh, it's 40,000. Oh, I can't believe it.
• 4:24
  This little thing would happen like Oh yeah, OK, need to just
• 4:26
  be a little Rd. bump along the way.
• 4:27
  But now things like that are crazy.
• 4:29
  The point here is that. People will turn on each other
• 4:32
  and stay nice. Be nice, be kind.
• 4:35
  Rewind. It's it's just bear market
• 4:37
  things. This is a ride of passage.
• 4:39
  This is just how things happen at the very end of a bear
• 4:42
  market. Anyways, we are not alone today.
• 4:44
  We have a good friend. I I dare I say the best producer
• 4:48
  in The Gamer is Jacob gonna get mad at me.
• 4:50
  Anyways, we got Chris Alamo from Bitcoin magazine here and we're
• 4:54
  gonna be talking about all things Bitcoin mag during the
• 4:56
  culture. So Chris, how you doing today?
• 4:58
  Doing well. Not the best producer.
• 5:00
  We're just the collectively the producers for the best asset in
• 5:03
  the world. We'll go with that.
• 5:05
  So shout outs to you and Jacob, no, but happy to be here.
• 5:07
  Thanks for having me guys. No worries.
• 5:09
  No worries. Actually, can we do a little
• 5:11
  story time? Remember when we were at Pacific
• 5:13
  Bitcoin last year and we were walking back and we were joking?
• 5:17
  Like if you, myself and Jacob are traveling somewhere, we
• 5:22
  can't all be on the same plane, because then, like the majority
• 5:26
  of Bitcoin producers are just completely there's no more
• 5:30
  content. Being made.
• 5:31
  But yeah. Anyways, anyways, good to have
• 5:34
  you. We.
• 5:34
  Need to travel separately, basically, you know, it's like
• 5:36
  State of the Union. Someone one of us has to be
• 5:38
  missing, basically. Oh my.
• 5:40
  Goodness, it's so true. All right, guys, let's get into
• 5:43
  the numbers for today, the Bitcoin numbers.
• 5:49
  Is your Bitcoin and cold storage really secure?
• 5:51
  Is your seed phrase really secure?
• 5:54
  Stamp seeds? Do it yourself.
• 5:56
  Kit has everything you need to hammer your seed words into
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  commercial grade titanium plates instead of just writing them on
• 6:04
  paper. Don't store your generational
• 6:06
  wealth on paper. Papers prone to water damage.
• 6:10
  Fire damage. You want to put your
• 6:12
  generational wealth on one of the strongest metals on planet
• 6:15
  earth, Titanium. Your words are actually stamped
• 6:18
  into this metal plate with this hammer and these letter stamps.
• 6:21
  And once your words are in, they aren't going anywhere.
• 6:24
  No risk of the plate breaking apart and pieces falling
• 6:28
  everywhere. Titanium stamp seeds will
• 6:30
  survive nearly triple the heat produced by a house fire.
• 6:33
  They're also crush proof, waterproof, non corrosive, and
• 6:36
  time proof. All things that paper is not.
• 6:38
  Not allowing you to hotter your Bitcoin with Peace of Mind for
• 6:42
  the long haul. Stamp your seed on stamp seed.
• 6:46
  Alright guys, we made it easy for you guys.
• 6:48
  Scan the QR code right there and get yourself titanium seed
• 6:52
  freight storage kit. And also on on another note, and
• 6:55
  I'm not really gonna cover it, it's gonna be in the the meme
• 6:58
  review. You know the did you guys notice
• 7:00
  the new iPhones made out of titanium as well?
• 7:02
  It's almost like Titanium's all the rage right now.
• 7:05
  Anyways. Anyways, we're here on Clark
• 7:07
  Moody's dashboard. And of course I have one
• 7:11
  favorite number and it is the block height tick tock next
• 7:13
  block honey badger don't give a F and we are currently at a
• 7:17
  block height of 807,487. The current Bitcoin price is in
• 7:22
  the 26 K range 26,360 which means the sat per dollar aka the
• 7:28
  Moscow time aka how much your Fiat dollars worth aka how much
• 7:31
  Bitcoin you can buy for a single dollar.
• 7:33
  It's currently at 3794 sets, the total percentage issued a
• 7:37
  Bitcoin that will. Ever be created is at 9 to
• 7:40
  92.78%. The market cap in Fiat terms is
• 7:44
  $513.6 billion. The Bitcoin versus gold market
• 7:48
  cap, still so much room to run in the hard money game is at
• 7:51
  4.03% and the total lightning capacity public lightning
• 7:55
  capacity 4743.76 BTC. And the hash rate the last 90
• 8:02
  days is 380.7 X hashes and the pending fees.
• 8:06
  Wow guys, we I I'm so glad I've added this number to the numbers
• 8:10
  read because it's gone up in the last couple of days.
• 8:12
  Is that 6.25 BTC? It was like it was like, you
• 8:16
  know, 2.9 BTC the other day. Anyways, anyways, let's get into
• 8:22
  the numbers story for today. So, you know, usually we've been
• 8:24
  kind of playing videos for you guys, but.
• 8:27
  I want to cover some numbers here, and of course it is in
• 8:30
  regards to the title. We have another asset manager,
• 8:34
  another trillion dollar asset manager getting interested in to
• 8:38
  Bitcoin and officially applying for a spot Bitcoin ETF.
• 8:41
  So of course we're over here on Bitcoin mag breaking $1.5
• 8:44
  trillion. Asset manager Franklin Templeton
• 8:47
  has officially applied for a spot Bitcoin ETF.
• 8:50
  And we are here on Bloomberg. I'm not going to read this
• 8:52
  article because it really doesn't say anything except for
• 8:55
  the headline and maybe for you guys that don't know who
• 8:58
  Franklin Templeton is. We've got a little background
• 9:01
  here. So Franklin Templeton joins race
• 9:02
  to offer US spot Bitcoin ETF. So the San Mateo, CA based firm,
• 9:07
  which overseas more than $1.4 trillion in assets, filed for an
• 9:10
  application with the US Securities and Exchange
• 9:12
  Commission on Tuesday. If approved, Franklin plans to
• 9:15
  use Coinbase Global Inc as custodian for the fund of
• 9:18
  Bitcoin Holdings and Bank of New York.
• 9:20
  For cash. And they're not the only ones
• 9:22
  doing the same thing. But the numbers here is there
• 9:25
  are now 10 active spot Bitcoin ETF applications since Franklin
• 9:29
  Templeton filed. There's the race is on for who
• 9:32
  either gets approved first or where, whether Gary Gensler
• 9:36
  approves them all at the same time.
• 9:38
  So it's going to be very interesting to watch moving
• 9:40
  forward. As we've been saying for a
• 9:42
  while, though, it's not a matter of if, it's a matter of when.
• 9:46
  And again like I posed in the beginning.
• 9:49
  The question that most bitcoiners are asking them so
• 9:51
  well rather the bitcoiners that care about macro.
• 9:53
  I can hear you. Hello macro, Macro, macro talk.
• 9:56
  Everyone's talking macro. The question that you should be
• 9:58
  asking yourself is what is Gary Gensler waiting for?
• 10:00
  There is some rumors that they're probably waiting for
• 10:04
  this finance DOJ. Court case or investigation to
• 10:08
  be over clearing out the space for them to officially launch a
• 10:12
  Bitcoin spot ETF. But for you guys at home keeping
• 10:15
  track or for you guys that aren't aware let's just look
• 10:18
  over who the other Bitcoin ETF's are and then we'll go into how
• 10:22
  much capital they have and and just basically double down on
• 10:26
  the idea of just how much capital sitting on the
• 10:28
  sidelines. So of course we've been covering
• 10:30
  this news about Grayscale Bitcoin Trust refiling or their
• 10:34
  conversion from the GBTC into a spot.
• 10:36
  Bitcoin ETF. So we have the grayscale ETF, we
• 10:39
  have 21 shares and arcs Bitcoin ETF or yeah arc 21 shares
• 10:44
  Bitcoin ETF. We have I shares Bitcoin Trust
• 10:46
  which is the BlackRock ETF. We have bitwise Bitcoin ETP
• 10:50
  Trust which is again bitwise. We have the Van X Bitcoin spot,
• 10:54
  We have Wisdom Tree Spot Bitcoin ETF.
• 10:56
  We have Invesco. We have Fidelity's Wise Origin
• 10:59
  Bitcoin Trust. And we have Valkyrie Bitcoin
• 11:02
  Fund and then of course with the Franklin Templeton, which would
• 11:05
  make 10, we have another official spot Bitcoin filing.
• 11:10
  And just to give you guys more numbers, I think we need to
• 11:15
  remember just how much capital these asset managers are holding
• 11:19
  and of course not all of this. Money is going to go into
• 11:22
  Bitcoin, but even if a small portion of the assets under
• 11:25
  management do go into Bitcoin. It is going to be a tsunami of
• 11:29
  capital dropping into the Bitcoin space.
• 11:32
  And of course we don't know when Maybe it's going to be in 2025,
• 11:35
  maybe it's going to be at the end of this year, maybe it's
• 11:37
  early next year. But we know they are coming and
• 11:41
  we've been saying, well, not us necessarily on the show, but as
• 11:43
  Bitcoin, as you know, institutions are coming,
• 11:45
  institutions are coming. Well, guys.
• 11:47
  It is fairly safe to say that Bitcoin is maturing and the
• 11:50
  institutions want your Bitcoin. So this is the spot.
• 11:53
  Of the show where we tell you guys to take Bitcoin into self
• 11:55
  custody. Do not give them your Bitcoin.
• 11:58
  Make it through the Hotto buyout zone.
• 12:01
  Because they are coming for your Bitcoin.
• 12:03
  But anyways, that's always there.
• 12:04
  Milne I think our Milne I don't know how to say your last name
• 12:07
  bro. Sorry he goes.
• 12:08
  So far. Four of the 15 largest US asset
• 12:11
  managers have filed for their own Bitcoin ETF.
• 12:13
  State Street are administrators for the Van Eck ETF.
• 12:16
  Morgan Stanley have a private Bitcoin fund and there are many
• 12:19
  others but the rest are relative minnows versus the big boys
• 12:22
  below. And you can see here you know
• 12:23
  black rocks acid under management about 8.4 billion.
• 12:27
  We have Vanguard 7.1 billion, Fidelity 3.7 billion.
• 12:31
  Where's the next ones? We have, you know, Invesco 1.3.
• 12:36
  Wait, sorry, 1.3 trillion, 8.4 trillion, 7.1 trillion.
• 12:40
  And Franklin Templeton right here, 1.297 trillion.
• 12:44
  And you can just see that there is so much capital on the
• 12:47
  sidelines waiting for Bitcoin. And you know, for you guys out
• 12:51
  there that are like, oh, we're turning into a macro show guys.
• 12:54
  It just goes to show that the institutions want your Bitcoin.
• 12:59
  Bitcoin is maturing. The world is waking up to the
• 13:02
  idea that they want to get some Bitcoin just in case it catches
• 13:05
  on, and especially when you as the average person go out into
• 13:10
  the normal economy and you start to feel your purchasing power
• 13:13
  dwindle. It is no secret why they are
• 13:16
  looking for investments in the Bitcoin.
• 13:19
  Everyone likes profits and again over here on Bitcoin mag we saw
• 13:23
  some news yesterday as well about Gary Gensler saying that
• 13:27
  they're reviewing the grayscale ruling and Bitcoin spot ETF
• 13:30
  filings and and personally I kind of, I kind of took this
• 13:34
  grayscale reviewing maybe more on the negative side personally
• 13:39
  but it just goes to show that. The concern over spot Bitcoin
• 13:44
  ETF's of what's going on in the Bitcoin market is the biggest
• 13:48
  concern right now in the markets, at least for a
• 13:50
  bitcoiner. I know as a bitcoiner we we
• 13:52
  constantly show you guys and tell you guys that all the
• 13:54
  Bitcoin entrepreneurs out there are building that you as an
• 13:58
  average individual that doesn't care about paper Bitcoin.
• 14:01
  All you have to do is take Bitcoin into self custody, but
• 14:04
  you know for the number go up, Maxi's out there.
• 14:06
  There is a lot of liquidity waiting on the sidelines, guys.
• 14:10
  And you know, I hate being the bitcoiner that's saying this
• 14:13
  time is different. But it really does seem like
• 14:15
  this next bull run, if we ever get out of the crab market, is
• 14:17
  going to be teed up as a magnificent bull run.
• 14:22
  And you know, right now is the time while we're all in the
• 14:25
  storm, while we're crabbing. Why?
• 14:26
  It's the darkness before the dawn To make sure that your cold
• 14:30
  storage is set up correctly, that you are still stacking,
• 14:33
  that you don't take your foot off the gas.
• 14:35
  Because hey, you know, it is a little bloody out there.
• 14:37
  We've been kind of crabbing in that 26 K for a while, but this
• 14:41
  is the opportunity to be stacking because I I really do
• 14:44
  believe that this next bull run when it does start running.
• 14:47
  Most average people are going to get priced out of owning a
• 14:51
  significant chunk of Bitcoin, and you have the asymmetric
• 14:53
  opportunity today to stack some Bitcoin.
• 14:56
  Anyways, I'd like to get Chris's take on this because he's also
• 15:00
  in the media front. He's been watching this closely.
• 15:02
  I'm sure Bitcoin Mag has had some internal conversations
• 15:05
  about all this crazy stuff. So what's your thoughts on all
• 15:07
  this stuff, Chris? Well, our good friend Yellow, I
• 15:09
  know you've mentioned him a couple times on the show in the
• 15:12
  bear markets, it's always build, stack, fight somewhere in that
• 15:15
  order. You can change it up.
• 15:16
  I think Gary Gensler is obviously fighting the approval
• 15:22
  of these ETFs so he can stack more and building his regulatory
• 15:27
  Moat. Obviously he has aspirations.
• 15:29
  He said this before to come out as the Treasury Secretary.
• 15:32
  So in the long run, he wants to move from the chairman of the
• 15:34
  SEC to moving to Janet Yellen's role.
• 15:37
  Obviously, that's kind of dependent on the 2024 elections.
• 15:40
  You don't know if Fine's going to get reelected, if Robert F
• 15:43
  Kenney Junior will usurp him, if someone from the Republican side
• 15:46
  may beat him, whether it's Trump, De Santis, Vivic, to name
• 15:49
  a few. But yeah, no, I think he's
• 15:51
  trying to definitely carve out a regulatory Moat and I do think a
• 15:54
  lot of these high. These asset managers are taking
• 16:00
  advantages and maybe stacking on the side, at least not from the
• 16:03
  company standpoint, but definitely from personally.
• 16:05
  You know these asset managers are doing things with their own
• 16:08
  personal portfolio and stacking Bitcoin.
• 16:10
  Obviously we're not seeing the price rip as much.
• 16:12
  I was doing the quick math on the the total assets under
• 16:15
  management for all those companies.
• 16:16
  On the slide that you listed before, it was about like 40
• 16:18
  trillion. If you assume 1% of 40 trillion,
• 16:21
  let's just say 50 trillion for round numbers, that's what like
• 16:24
  $500 billion that would be moving into it.
• 16:27
  Um, yeah. So 500 billion that's moving
• 16:30
  into it. And then with that number
• 16:33
  basically we're assuming that you know the market cap right
• 16:35
  now in Fiat terms is 500 billion.
• 16:38
  If you're trying to put 500 billion more of investment into
• 16:41
  it, there's a thing called slippage in the investing world,
• 16:44
  when you're trying to buy either a stock or an asset, you know,
• 16:47
  basically the bids can't meet the asks.
• 16:50
  So meaning that the price will go higher than a trillion dollar
• 16:53
  market cap. So we will at least double in
• 16:55
  that time if the ETF gets approved.
• 16:57
  Obviously not your keys, not your coins.
• 16:59
  I am a Bitcoin maxi that says don't go with the ETF's but I
• 17:03
  will gladly let them pump my bag when I have the non KYC self
• 17:06
  stored Bitcoin in my own multisig setup.
• 17:09
  So that's just my 2 Sats on it all.
• 17:11
  I think Gary Gensler knows what he's doing.
• 17:13
  He helped teach the MIT course on Bitcoin.
• 17:16
  You know, he seems to be fighting these ETF's for more
• 17:18
  regulatory clarity or regulatory.
• 17:20
  Remote. But, yeah, that's just my 2 Sats
• 17:22
  on it all. Yeah, 100%.
• 17:24
  And it's very interesting when you understand how markets work
• 17:29
  and and like you mentioned the slippage and it's like guys you
• 17:32
  know you try to stuff 500 billion into an asset that is
• 17:35
  literally only 500 billion and it's going to go parabolic.
• 17:39
  And This is why we've been doubling down on the idea of
• 17:42
  like make it through the huddle buyout zone.
• 17:44
  And I'm, I'm really glad that American Huddle memed that
• 17:47
  phrase because it really, it really stamps in a view of
• 17:52
  what's going on. And it's just it's I I hate just
• 17:56
  saying like, it's going to get crazy, but it's going to
• 17:58
  absolutely get crazy. Yeah, and there's actually one
• 18:01
  thing I want to add. Like many plebs or even just
• 18:03
  like, you know, ordinary bitcoiners, Yeah, they don't
• 18:06
  have hundreds of millions or millions of dollars or even
• 18:08
  maybe even not hundreds of $1000, but they're stack of
• 18:10
  Bitcoin. I would put my money that they
• 18:13
  are. They understand Bitcoin better
• 18:15
  than most. Look at the recent thing with
• 18:17
  PayPal that came out I think this morning where they
• 18:19
  basically sent a transaction with like basically $500,000
• 18:23
  equivalent. That basically was an error in
• 18:25
  the software they're using. They weren't using free and open
• 18:27
  source software. They probably weren't using a
• 18:29
  cold card. They.
• 18:30
  Weren't using Sparrow wallet like you're probably better than
• 18:32
  99% of even the smartest or the money in the room by using a
• 18:36
  setup like that compared to like them.
• 18:40
  And they just accidentally spent 19 Bitcoin or $500,000 worth of
• 18:44
  Bitcoin in a transaction like way overpaying in the fees.
• 18:47
  So I think most ordinary bitcoiners, you know, getting
• 18:50
  yourself a hardware wallet and using, you know, a robust setup,
• 18:53
  whether it's Sparrow, Spectre, you know a lot of the ones that
• 18:56
  we recommend on these shows you're probably better than most
• 18:58
  of like the asset managers that are supposed to.
• 19:00
  The quote UN quote adults in the room.
• 19:02
  But if we learned anything from 2008, you know the there there
• 19:05
  are no adults in the room. Like, you're the you're the
• 19:07
  master of your own destiny. There are no adults in the room.
• 19:10
  The stock market's kind of a sham.
• 19:12
  But like, you can protect yourself and your family and
• 19:14
  generational wealth with Bitcoin in your own cold storage.
• 19:17
  And if you need help, like, there's plenty of people on
• 19:19
  Twitter that are more than willing to help you with your
• 19:21
  setup. Obviously don't dox your private
• 19:23
  keys or, you know, tell how you're doing it, but they're
• 19:26
  more than willing to help you get along the steps doing it.
• 19:28
  BT Secessions is another great resource.
• 19:31
  I love that, Chris. All right, jump in down.
• 19:32
  What's your thoughts and all this stuff?
• 19:34
  Well, you asked at the start of your little rant when Gary
• 19:37
  Ginsley's going to approve these ETF's.
• 19:39
  I think he's going to improve them when he's given the green
• 19:41
  light by Larry Fink and the other powers that be.
• 19:43
  I honestly, I'm not saying that in a joking way.
• 19:46
  I'm not saying that in A and I oh, I conspiratorial since at
• 19:50
  all. I I think that politicians, no
• 19:53
  matter if they're unelected, elected, whatever, if you were
• 19:56
  in a position of power. There are people that are in
• 19:58
  higher positions of power. There's almost always another
• 20:01
  leg up the ladder, another rung up the ladder where somebody is
• 20:04
  above you in what they can say and do.
• 20:07
  The the number of people above me that can say and control what
• 20:11
  I do and have like a direct influence on my life in a
• 20:15
  meaningful way is most of the world.
• 20:18
  Honestly, like it's it's it's a lot of people.
• 20:21
  I guess it's not most of the world.
• 20:22
  There's there's many developed are underdeveloped countries
• 20:24
  that are developing countries. They don't have a lot of say in
• 20:27
  what I do, but a lot of people are in a higher place than I am
• 20:31
  socioeconomically. So if they go to the right
• 20:33
  people and talk to this Congress person, they talk to this
• 20:36
  council member, they talk to the mayor of the city that I live
• 20:38
  in, whatever, they could cause my life to be a real problem.
• 20:42
  And so they're definitely people unquestionably above Gary
• 20:45
  Ginsler. And I truly think that the
• 20:48
  reason that they're holding on right now is so that they can
• 20:50
  get as many bags and as many pieces of the puzzle in place as
• 20:54
  they possibly can. If you don't British autos
• 20:56
  talked about this. If you if people out there think
• 20:58
  that their armchair analysis and looking around on Twitter is
• 21:04
  more advanced than what BlackRock is doing, you truly
• 21:07
  are a lower than I ADIQ plep like like really you you
• 21:12
  actually think I'm going to make a video later on where I'm
• 21:15
  talking about these companies. These large companies are
• 21:18
  looking at things that you probably would never expect like
• 21:21
  asking questions of other industries, other areas that
• 21:25
  would you would never would think of.
• 21:27
  So if they're looking into those areas, like the furthest reaches
• 21:31
  of business and commerce, then you would better believe they're
• 21:34
  looking at something like Bitcoin, which is poised to be
• 21:36
  the bedrock of all commerce, all money exchange, all transference
• 21:40
  of energy, time around the entire world.
• 21:42
  Like to think that black art figure it out later on is
• 21:45
  insane. So yeah, there Gary Ginzler's
• 21:48
  waiting on on his bosses, whoever they are.
• 21:51
  I don't know if it's like a thing, but it's somebody to say
• 21:53
  yes, approve it now. That's what he's waiting for.
• 21:55
  Yep, I agree. Yeah, I couldn't agree more.
• 21:57
  Couldn't agree more. Anyways, before we move on.
• 22:00
  We gotta give a shout out to the boys over at Bitcoin Magazine.
• 22:03
  If you are in Europe and you want to go to the biggest
• 22:08
  European conference in the world, you need to get to
• 22:10
  Bitcoin Amsterdam. It is October 12th or 13th of
• 22:14
  this year. It's literally one month away.
• 22:15
  What's it Chris? What's it 29 days or something
• 22:17
  away? 29 days away.
• 22:19
  Let's go. And then of course guys, we tell
• 22:22
  you to get your tickets now for Nashville 2024.
• 22:26
  Bitcoin in. Nashville, we're taking it over
• 22:29
  July 25th to 27th. Use the promo code simply and we
• 22:33
  will see you guys in Nashville. I'm super excited.
• 22:36
  I haven't been to Nashville yet and I can't wait to go down
• 22:39
  there and take it over with you guys.
• 22:41
  It's going to be lit. But guys, I tell you guys to get
• 22:43
  your tickets now a year away because you guys always complain
• 22:47
  about the price. These are the rock bottom
• 22:49
  prices. Get them today because I know
• 22:51
  you're going to FOMO into the conference when it comes to that
• 22:54
  time. Everyone does it every single
• 22:55
  year. So if you're in Europe.
• 22:58
  We wanna see you. Well actually Chris will see you
• 23:00
  in Amsterdam and we will see you in Nashville.
• 23:03
  Anyways, let's get into the news cuz there is a lot to talk about
• 23:08
  today. Here we go, the Daily News.
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  more. You guys are funny in the chat.
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  All right. Love you guys.
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  Scan the QR code over here and go to Passport or Foundation
• 24:23
  devices. Get yourself a Passport guides.
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  Really, really shouts out to them.
• 24:30
  Anyways, as I told you guys in the beginning.
• 24:33
  We got some news coming out of the G20 summit and this is
• 24:37
  something we've been talking about here on the show for a
• 24:38
  while. And and people would kind of
• 24:41
  angle it as in like, oh, you guys are being conspiratorial.
• 24:44
  You guys are reading into things.
• 24:46
  And again, I guess maybe it makes it hit harder when they're
• 24:50
  saying the exact thing we've been telling you guys for a
• 24:52
  while that they want to unroll a global digital CBDC system and
• 24:58
  an identity system as well. And they know what we've been
• 25:02
  saying for a while and I and I have some quotes here from them
• 25:05
  and some articles and some tweets.
• 25:07
  And they know what we know. They can't ban Bitcoin.
• 25:10
  They can only ban themselves from Bitcoin.
• 25:11
  And if they are trying to roll out some kind of regulation or
• 25:17
  some kind of bans around Bitcoin, they will need a global
• 25:20
  coordination. And all it takes is 1 weak link
• 25:23
  in. That process and it won't happen
• 25:25
  so. We know that this isn't how
• 25:28
  they're going to do it. They're going to try to figure
• 25:30
  out some, you know, roundabout ways to basically get people to
• 25:34
  get hoodwinked into their slavery system.
• 25:37
  As we like to call it but. Or as the meme is, you know,
• 25:41
  it's not central bank digital currencies, it's central bank
• 25:44
  digital control mechanisms. Anyways, we got this article on
• 25:47
  Reuters and this dropped roughly around the same time that the
• 25:52
  G20 summit happened. So I'm not really going to read
• 25:55
  the whole article, but there's a good quote in here that kind of
• 25:58
  sets the tone for what we saw coming out of the actual
• 26:02
  conversations that happened at the G20 summit.
• 26:04
  So this is Reuters and it goes I MF and regulators set out road
• 26:07
  map to contain crypto risk of course.
• 26:10
  They always blame us for their problems as like we're the ones
• 26:13
  that are messing up the financial world and it's not
• 26:15
  them. Anyways, Getting into the
• 26:16
  article we got global financial regulators and the IMF on
• 26:19
  Thursday set out a road map to coordinate measures that stop
• 26:23
  crypto assets from undermining macroeconomics and financial
• 26:26
  stability. Again, let me reread that set
• 26:28
  out a road map to coordinate measures that stop crypto assets
• 26:32
  from undermining macroeconomic and financial stability.
• 26:35
  Such risks are exacerbated by non compliance with existing
• 26:38
  laws in some instances. That says the 20 G 20s risk
• 26:42
  watchdog, the Financial Stability Board in the I MF said
• 26:45
  in a paper, and we got another quote here, a comprehensive
• 26:48
  policy and regulatory response for crypto assets.
• 26:51
  It's necessary to address the risk of crypto assets to
• 26:55
  macroeconomic and financial stability, said the paper, which
• 26:58
  will be presented to G20 leaders at a summit this month in New
• 27:01
  Delhi. So again for you guys that don't
• 27:03
  know what the G20 nations are, we got the list here and or what
• 27:08
  the G20 summit is, you know? We call the World Economic Forum
• 27:12
  what's Nico? We say that is basically the the
• 27:18
  Non freedom Conference of the world is the World Economic
• 27:21
  Forum. Well, the G20 might be something
• 27:23
  similar, and the countries that are part of it is Argentina,
• 27:26
  Australia, Brazil, Canada, China, France, Germany, India,
• 27:29
  Indonesia, Italy, Japan, Mexico, South Korea, Russia, Saudi
• 27:33
  Arabia, South Africa, Turkey, United Kingdom, United States,
• 27:36
  African Union and the European Union.
• 27:38
  Sounds it's kind of a lot of. Countries guys on some big names
• 27:41
  there anyways. We got this article from the
• 27:44
  Epoch Times that covered what was actually said and and just
• 27:47
  to verify what was said, I brought up some tweets in here
• 27:51
  so we can hear and see from their own mouse.
• 27:53
  You know from the horse's mouth that they are saying exactly
• 27:56
  this. Anyways, I want you to keep in
• 27:59
  mind that they have changed the framing, they have changed the
• 28:03
  wording in regards to what their digital ID system is or their
• 28:06
  CBDC systems and they are calling it.
• 28:10
  I forget exactly the nomenclature, but I'll get to it
• 28:13
  in here. And you can see that this is the
• 28:16
  new way that they're dressing up their system of control and and
• 28:20
  they're doing it in such a way that of course it's for your
• 28:22
  benefit citizen. You know, trust us, we know
• 28:24
  better. This is for inclusive
• 28:26
  inclusivity. This is for, you know, bettering
• 28:29
  humanity and obviously it's all BS.
• 28:32
  So let's get into this article by Epoch Times and it goes.
• 28:35
  G20 announced its plan to impose a digital currencies and ID's
• 28:39
  worldwide and again I am reading a little more than usual because
• 28:42
  there is some sauce in here so. The group of 20 leaders have
• 28:45
  agreed to a plan to eventually impose digital currencies and
• 28:49
  digital ID's on their respective populations, despite fears that
• 28:53
  government will use them to monitor their people.
• 28:55
  Spending and crush dissent. We know this is going to happen.
• 28:57
  We've seen this happen on the private sector.
• 29:00
  It will also happen on the public sector anyway.
• 29:02
  The G20, which is currently under India's presidency,
• 29:06
  adopted a final declaration on the subject over the weekend in
• 29:08
  New Delhi. The meeting, which included the
• 29:10
  world's leading economies, announced last week that they
• 29:13
  had agreed to build the necessary infrastructure to
• 29:16
  implement digital currencies and.
• 29:18
  The group said that. Discussions were already
• 29:21
  underway to create international regulations for
• 29:24
  cryptocurrencies, but claimed that there was number talk.
• 29:26
  Of banning crypto currencies at the summit.
• 29:29
  Of course they know they can't ban Bitcoin.
• 29:31
  Many critics are concerned that governments and central banks
• 29:34
  will eventually regulate cryptocurrencies and then
• 29:36
  immediately replace them with Cbdc's, which lacks similar
• 29:39
  privacy and security. Indian Finance Minister Nirmala
• 29:43
  Sitharaman, forgive me, said that discussions were underway
• 29:48
  to build a global framework to regulate crypto assets since
• 29:51
  they believe cryptocurrencies cannot be regulated efficiently
• 29:54
  without total international. Cooperation again.
• 29:58
  Crypto currencies, aka Bitcoin, cannot be regulated efficiently
• 30:02
  without total international cooperation, something we've
• 30:05
  been saying here on the show for a long time.
• 30:07
  India's G20 presidency has put on the table key issues related
• 30:10
  to regulating or understanding that there should be a framework
• 30:14
  for handling issues related to crypto assets.
• 30:17
  The top items discussed, and this is where the new framing
• 30:19
  comes in at the New Delhi Summit, included building
• 30:22
  digital, public infrastructure, digital economy, crypto assets.
• 30:26
  And of course, Cbdc's Geeta got enough again, forgive me.
• 30:31
  The IMF First Deputy Managing Director said in a video posted
• 30:35
  on X or Twitter that the G20 helped shape a global
• 30:38
  perspective on how policy makers should deal with crypto assets.
• 30:42
  And I verified it. It is on her Twitter she said
• 30:44
  exactly that. I'm not gonna play the video
• 30:46
  because we have some more sauce in here.
• 30:48
  She also assured Business Today that there was number talks to
• 30:51
  banning cryptocurrencies. Of course, they can't,
• 30:53
  indicating a global consensus against such measures, however.
• 30:56
  There's some of the suggestion call for additional policing of
• 30:59
  cryptocurrencies, which are decentralized and do not operate
• 31:02
  under central banks control. Interesting choice of words
• 31:05
  there. Again, they try to Co opt the
• 31:07
  framing of Bitcoin because they know that they can't compete
• 31:09
  with it, so they'll just steal the words so that it sounds
• 31:12
  good. You know, a bunch of buzzwords.
• 31:13
  We we've seen this happen constantly.
• 31:15
  Critics say that these proposals could allow government
• 31:17
  authorities to impose a social credit score system and decide
• 31:20
  how their citizens can spend their money.
• 31:22
  Yes, this is. What is going to happen?
• 31:25
  It's not just critics. I think anyone with eyes to see
• 31:28
  knows that this is happening anyways.
• 31:29
  At the summit, European Commission President Ursula von
• 31:32
  der Leyen called for an international regulatory body
• 31:35
  for artificial intelligence, digital ID system similar to the
• 31:39
  Rona vaccine passport, and advocated for global cooperation
• 31:43
  to address the challenges presented by AI.
• 31:45
  She called for the UN to have a role in AI regulation and called
• 31:49
  for the European Union's Rona digital certificate, a perfect
• 31:52
  model for digital. Public infrastructure, which
• 31:55
  would include digital ID's. And I did some more research and
• 31:59
  I found what she said and this is over here on European
• 32:04
  Commission statement by President von der Lane at
• 32:06
  session three of the G21 future and the first part's about a I
• 32:10
  risk and of course that we need to regulate a I again, same
• 32:14
  thing politicians and bureaucrats do all the time when
• 32:17
  they come across something they don't understand.
• 32:19
  Their first knee jerk reaction is that we must regulate this
• 32:23
  anyways. On digital public
• 32:25
  infrastructures, again, anytime you hear this word, digital
• 32:28
  public infrastructures, just remember it means digital ID
• 32:31
  systems. They can be a real booster to
• 32:33
  emerging economies. India has achieved remarkable
• 32:36
  success in rolling out his digital public infrastructures.
• 32:39
  We heard the Prime Minister and we are very much in supportive
• 32:42
  of his initiatives. The possibilities are huge and
• 32:44
  the investments are small and I think here might be a Freudian
• 32:47
  slip. But maybe it is just me just
• 32:50
  reading into this. The trick is to build public
• 32:53
  digital infrastructure that is interoperable, open to all and
• 32:56
  trusted. Absolutely amazing.
• 32:59
  Let me give you one example that is reality today.
• 33:02
  Many of you are familiar with the Rona digital certificate.
• 33:05
  The EU developed it for itself. The model was so functional and
• 33:08
  so trusted that 51 countries on 4 continents adopted it for
• 33:11
  free. Today, the Hue uses it for a
• 33:13
  global standard to facilitate mobility in times of health
• 33:17
  threats. You heard it here first guys
• 33:19
  from her own mouth that that this is what they want to do.
• 33:23
  And then furthermore, I went on Twitter and I found some more
• 33:26
  tweets from her. And as you can tell, they are.
• 33:30
  Framing this in a way that it just sounds so innocuous and
• 33:34
  just, you know, it's for your benefit.
• 33:35
  We're going to make the future better.
• 33:37
  Like the future is going to be good.
• 33:38
  Just trust us. Give us the technology and the
• 33:40
  infrastructure and we're going to do good with this.
• 33:43
  Anyways. There's a tweet here from Ursula
• 33:45
  and it goes. The future is digital.
• 33:47
  I passed 2 messages to the G 21st.
• 33:49
  We should establish A framework for safe, responsible AI with a
• 33:52
  similar body as the IPCC for climate.
• 33:55
  And two, digital public infrastructure are an
• 33:58
  accelerator of growth. And they must be trusted,
• 34:01
  interoperable and open to all. OK, whatever.
• 34:05
  Anyways, as we know, the public support of this is lacking.
• 34:07
  No one wants the CBDC system, but it doesn't mean that they're
• 34:10
  not going to try anyways. And we can see from other people
• 34:14
  at the G20 summit, in particular IMF Managing Director Kristalina
• 34:19
  George Eva. And we brought her on the show
• 34:21
  before she said some other crazy stuff that is absolutely
• 34:24
  terrifying. And I got some new tweets from
• 34:26
  her. Praise her Indian counterparts
• 34:28
  on Twitter for leading the way and setting up a road map for
• 34:31
  crypto regulations. And I have it here.
• 34:34
  Thank you dear and Sitharaman, for our close collaboration and
• 34:38
  for our strong leadership or your strong leadership and
• 34:40
  promoting macroeconomic and financial stability, addressing
• 34:43
  debt vulnerability and setting up a road map for crypto
• 34:46
  regulations during the G20 India 2023, she said.
• 34:52
  The I MF was also contributing to proposals for comprehensive
• 34:55
  policy framework. And this is what I have over
• 34:57
  here. Yeah, yeah, I think so.
• 35:00
  Yes, from bringing Africa to the table, scaling ambition on
• 35:03
  common action and mobilizing support around digital public
• 35:05
  infrastructure. Check my techaways from the G20
• 35:08
  Summit. In a separate press, Miss
• 35:11
  Georgieva said more work lies ahead, including in the realm of
• 35:14
  digital money and crypto asset. To this end, the G20 has tasked
• 35:18
  relevant institutions to improve regulation and supervision of
• 35:22
  crypto assets. The I MF is contributing to
• 35:24
  proposals for a comprehensive policy framework and the advance
• 35:27
  the debate on how Cbdc's. Could impact the global economy
• 35:31
  and financial systems. And it mentions that they wanna
• 35:35
  roll out of CBDC. That Russia and Japan will
• 35:38
  likely roll out of CBDC and even when they tried to roll out
• 35:42
  their CBDC in Nigeria, How people just don't want this and.
• 35:46
  Remember this praising India Stack Well, what is India
• 35:50
  stacking and what exactly is this digital public
• 35:52
  infrastructure? Well, the World Bank here in
• 35:55
  this article praise India's use of digital public infrastructure
• 35:58
  to enhance financial inclusion and delivery of public goods and
• 36:02
  services. In a report written for the G20
• 36:04
  Summit. The nation's India Stack DPI
• 36:06
  system, again digital public infrastructure system, which
• 36:09
  compromises the ad hard digital ID and the interoperable UPI
• 36:13
  digital payments platform, has been cited as an.
• 36:16
  Sample In the report, the G20 believes that Dpi's can serve
• 36:19
  people not just in the financial sector, but also in the domains
• 36:22
  of health, education and social welfare.
• 36:24
  Honestly, it kind of reminds you of like the 2017.
• 36:27
  I see a crazy like let's put everything on the blockchain.
• 36:30
  Anyways, that's a side tangent. The India stack exemplifies this
• 36:33
  approach, combining digital ID, interoperable payments, a
• 36:37
  digital credentials Ledger, and account aggregation.
• 36:40
  In just six years, it has achieved A remarkable 80%
• 36:43
  financial inclusion rate, a feat that would have taken nearly
• 36:45
  five decades without. The DPI approach, if designed
• 36:48
  properly, CBD C's could hold great promise to support a
• 36:51
  digital financial system that works for everyone, but that is
• 36:55
  an important if, Queen Maxima said, adding.
• 36:57
  If designed and implemented with inclusion in mind, CBD C's could
• 37:01
  offer many options to expand access to the unbank and to
• 37:05
  serve vulnerable and the poor. It all sounds so nice.
• 37:09
  It all sounds. So good, And that they're here
• 37:13
  to protect you, that, hey, this is just to, you know, facilitate
• 37:17
  interoperable payments between countries, ensure that citizens
• 37:21
  are acting well. But as a bitcoiner, we know that
• 37:24
  there is only one permissionless money, and it is of course
• 37:27
  Bitcoin, and you choose to opt into it.
• 37:30
  And you don't need these people that are, in my opinion and
• 37:33
  this, hey, this is my opinions. Not not necessarily, you know,
• 37:37
  representation of simply Bitcoin.
• 37:39
  They're incompetent. The bureaucrats and the
• 37:41
  governments out there cannot compete on the free market.
• 37:44
  But it is very interesting if you take a few things into
• 37:47
  account. One, they know that they can't
• 37:50
  compete on Bitcoin unless there's a global coordination
• 37:53
  there, unless there's global regulation in regards to Bitcoin
• 37:56
  and forcing people into the CBD system or central bank control.
• 38:00
  Mechanisms and that they are combining the digital ID's and
• 38:06
  their CBDC system. Like, we've been saying this for
• 38:08
  a while on the show that this was coming and people have been
• 38:11
  saying like, oh, you guys are reading into this, things like
• 38:13
  they've never actually said it. Well, they finally said it at
• 38:16
  the G20 summit and now they're just kind of cloaking it in some
• 38:20
  new phrasing, you know, digital public infrastructure.
• 38:22
  And this is something they constantly do.
• 38:25
  They'll test an idea, see how the market reacts to it, then
• 38:28
  reframe it, rebrand it. Into something else so that
• 38:31
  people don't catch on and see how that works.
• 38:34
  Well, know that they're coming. I know there's a lot of talk
• 38:36
  that Cbdc's and digital ID systems aren't coming and they
• 38:39
  aren't going to be able to roll it out.
• 38:41
  Well, it seems like they are putting it into OverDrive to
• 38:44
  roll something of this nature out.
• 38:46
  And I think it's a little too late, a little too little, too
• 38:49
  late, but it's not like they're not going to try.
• 38:52
  And they're going to continue to gaslight the normie out there,
• 38:54
  the average person out there that isn't as well informed as
• 38:58
  you guys are. And it's kind of back to what
• 38:59
  Chris was saying in the beginning.
• 39:01
  This is the importance of. Why?
• 39:03
  You are here. Why you should take this moment
• 39:06
  so seriously. Because you do have the
• 39:08
  asymmetric knowledge to legitimately change the course
• 39:11
  of humanity by just talking about Bitcoin, by taking Bitcoin
• 39:14
  into self custody, by getting more people downloading wallets.
• 39:17
  This is how you can protect yourself from this madness.
• 39:20
  You did not vote for this system.
• 39:22
  These people are mainly unelected officials at I, MF,
• 39:25
  you know, G20 summit. Like they don't care what what
• 39:28
  you believe. They don't come to you.
• 39:30
  They don't ask for your opinion on this.
• 39:33
  They kind of cloak this as like, oh, we're here for you, you
• 39:36
  know, give us your advice on this.
• 39:37
  I mean, remember Chrissy Lagarde view on the dollar?
• 39:42
  It's like, hey, vote on what you want on the money.
• 39:45
  Not about them printing more money.
• 39:47
  It's just it's all a sham guys and you can literally protect
• 39:51
  yourself by saving a Bitcoin, taking Bitcoin into self custody
• 39:55
  and it really is a tailwind for everything to come.
• 39:58
  On the one hand, there is a huge amount of capital sitting on the
• 40:02
  sideline, and on the other hand, they know.
• 40:04
  That they have to try to compete, at least on some level.
• 40:07
  And try to make sure that the average person out there doesn't
• 40:11
  get into Bitcoin, which just goes to show that we're winning
• 40:14
  so hard. Anyways, I've rented way too
• 40:16
  long. Chris, what's your thoughts on
• 40:17
  this? And then we'll get Dell, which I
• 40:19
  think might get more tinfoil Hattie than I am.
• 40:21
  Yeah, definitely. What are you talking about?
• 40:23
  It's been a good rant, Opti. I know you asked us during that
• 40:25
  rant if we remember Christine Lagarde.
• 40:27
  My thing is, do you remember her being your exgirlfriend?
• 40:29
  That that's. No, I mean, obviously, I think
• 40:35
  when you were saying the line that they wanted to be trusted,
• 40:38
  open and interoperable, that's like literally like they're
• 40:40
  setting you up to rug you right there.
• 40:42
  I think in one of the articles it did mention that less than
• 40:44
  half a percent of Nigeria's population, Nigeria, has a large
• 40:48
  population. For a country that's small, at
• 40:50
  least that relative to the way it looks on.
• 40:51
  Maps. I think they over over 200
• 40:53
  million in population in Nigeria alone and less than half a
• 40:56
  percent opted into using the CBDC opted in.
• 41:01
  Many of them were trying. They were trying to force them
• 41:02
  to use it. And ultimately Nigeria had to
• 41:05
  walk back what they were pushing with the central bank to the
• 41:07
  currency they rolled out because one, a lot of people were using
• 41:11
  like Bitcoin and other cryptocurrencies and are
• 41:13
  basically just routing around that system.
• 41:16
  And basically they were loo, they realized that they were
• 41:18
  going to be losing tax dollars. So they're like, oh, like we
• 41:20
  didn't ban Bitcoin anymore. You know, you can still use it
• 41:23
  like as long as you report it and like give U.S. tax dollars.
• 41:25
  Like they were really worried and they basically had to back
• 41:27
  away and walk away from the Cbdc's.
• 41:30
  To your point, like I said, I think they're trying to set you
• 41:32
  up with a rug poll, I don't think.
• 41:33
  Cbdc's are going to work. I think they may launch them in
• 41:36
  the West and a lot of the G20 nations that you brought up in
• 41:39
  that article, but I don't think they're going to work.
• 41:40
  It's going to be very similar to Nigeria.
• 41:42
  I do think a lot of other cryptocurrencies after that
• 41:45
  fails of launching A CBDC that does not work well.
• 41:47
  I do think they will use private entities or other
• 41:50
  cryptocurrencies to rug them, whether it is USDC, whether that
• 41:54
  is just other cryptocurrencies that shall not be named that
• 41:57
  they're going to try and basically like coop that company
• 41:59
  by basically going to the leadership you know Bitcoin
• 42:03
  doesn't have. Leaders.
• 42:04
  It's decentralized where a lot of these other cryptocurrencies
• 42:06
  have a board, a company, you know, a few people controlling
• 42:09
  it and they're basically going to go to them governments and be
• 42:11
  like, hey, you're either going to go to jail or you're going to
• 42:13
  give up all the KYC information on your on the people there.
• 42:17
  And if they have the ability to, they'll update the code that
• 42:20
  they can rug them or pull them and basically use it as a
• 42:22
  central bank digital currency just in the name of crypto or
• 42:25
  crypto currencies outside of Bitcoin.
• 42:27
  I do. With that being said, I do think
• 42:29
  Christine Lagarde, you know, Opti's ex, had to bring up that
• 42:32
  they need to clamp down on the exit hatches.
• 42:34
  Otherwise, though, those will be used to usurp the financial
• 42:37
  system and basically destroy the financial system they've built
• 42:39
  and tried to prop up with money printing and such.
• 42:42
  So I do think that things are going to get harsher for Bitcoin
• 42:44
  users and pledge alike that are holding the cryptocurrency.
• 42:48
  So yeah, that's just my 2 Sats on it all.
• 42:52
  It is going to get a little darker before it gets brighter.
• 42:55
  Guys, as we say all the time, you know, the powers that be
• 42:58
  aren't going to go easily into that good night.
• 43:00
  And this is them trying to, you know, trying to compete.
• 43:04
  And I agree with you, Chris, I really do think they're going to
• 43:07
  try to roll this out. And I'm definitely hopeful that
• 43:11
  just people. Will, I don't know,
• 43:14
  subconsciously know that this is a rug pool waiting to happen.
• 43:17
  It's going to literally magnify the problems of the Fiat system
• 43:21
  tenfold, maybe even like a hundredfold, and make things
• 43:24
  absolutely so much worse. And it just, it really is the
• 43:28
  meme we say all the time. It is Bitcoin at slavery.
• 43:31
  And now there's more and more receipts to prove that this is
• 43:34
  the case. And of course they're going to
• 43:36
  kind of frame this in like flowery words to make you fall
• 43:39
  into this trap. But you guys know better, and
• 43:41
  you guys will do better and explain this to everyone out
• 43:45
  there. I know we've already been called
• 43:46
  crazy, so we might as well just double down on it.
• 43:49
  Anyways, Dad, what's your thoughts?
• 43:50
  I think the whole thing that Who is it?
• 43:52
  Chrissy? Just saying you can vote?
• 43:54
  Oops, sorry about that. Vote on the on the style of the
• 43:56
  money reminds me of the state of video games these days.
• 43:59
  I don't think you'll get this opted because apparently you're
• 44:01
  not a gamer. Chris might.
• 44:02
  Other people in chat might. Somebody's going to get this and
• 44:05
  they'll appreciate it. The the state of money that
• 44:08
  people want is the recent release of Balders Gate 3.
• 44:11
  It is what it is. When it came out of the door, it
• 44:13
  it was just a set to go. That's Bitcoin.
• 44:15
  Balders Gate 3 is Bitcoin. It's done.
• 44:17
  It's finished. Yeah, there's some little things
• 44:19
  here and there that needed some tweaks, but every other currency
• 44:22
  is the state of garbage games where you've got this this Loot
• 44:26
  Crate and you got to pay a bunch of money to get this thing in
• 44:28
  the new skins. And here comes the company, the
• 44:30
  development team, saying, hey, you can vote on the new skin
• 44:33
  when they just raise the price on everything, it's like, wait,
• 44:35
  wait, wait, hang on, no, no, we don't care about what's what
• 44:38
  skins what color of the the re color of the fucking weapon.
• 44:42
  We want the price to go back to where it was.
• 44:44
  We didn't. We don't want you messing with
• 44:46
  the whole system. Like I said, some people won't
• 44:49
  get that others will. But the idea that people can
• 44:51
  come in here and kind of flim flam and wave some hands, pull a
• 44:54
  rabbit out of a hat and be like, oh, isn't it so great with the
• 44:57
  the color of the money is. Was this purple now?
• 44:59
  And it's got a flowery stripe on.
• 45:01
  It's like, well, that doesn't buy me more food, doesn't make
• 45:05
  rent cheaper. I don't care what it looks like,
• 45:07
  I just want it to work. And they're breaking the money
• 45:10
  with everything that they do, no matter how it looks.
• 45:13
  Yeah, Well, Dell, you are correct.
• 45:15
  I did not get that reference at all.
• 45:18
  But you know, I'm all for trying to make references that other
• 45:22
  people would get. And there's more of us out
• 45:24
  there. And you know, I don't have all
• 45:26
  the interest in the world that you do and that, and that's kind
• 45:29
  of the way. Anyways, before we move on,
• 45:31
  shouts out to our boy Brian De Mint for writing the Bitcoin
• 45:36
  evangelism book. And you guys already know how we
• 45:38
  feel about this because you guys continue to struggle about
• 45:43
  answering your no corners friends, in regards to Bitcoin.
• 45:45
  You guys still have hard times explaining to Aunt Edna why
• 45:49
  Bitcoin isn't the currency of the Antichrist, and you guys are
• 45:53
  still getting trolled by that annoying guy at work because the
• 45:55
  Bitcoin price is down. We'll get Bitcoin evangelism on
• 45:58
  Amazon. You can scan the QR.
• 45:59
  Code to grab a copy today. Or if you're on Orange Pell app
• 46:03
  and you want to paint sets, get in touch with Brian De Mint and
• 46:06
  he will send you one personally. Anyways, let's get into the
• 46:10
  culture because we got our boy Chris Alamo here.
• 46:13
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• 46:43
  Well, Chris, you haven't been on the show for a minute.
• 46:48
  What have you been working on? What's, what's on your docket,
• 46:50
  bro? What do you want to talk about
• 46:51
  today? Yeah, I've been busy as hell
• 46:54
  working on Bitcoin Amsterdam 29 days away.
• 46:56
  We're preemptively working on Bitcoin 2024 as well.
• 47:00
  Really excited for it to be on home turf, You know, that's
• 47:03
  where the headquarters of Bitcoin Magazine is.
• 47:05
  We've got the art gallery there, we've got our offices there.
• 47:08
  I'm sure that I'll be like a side event or things in the
• 47:10
  evenings to show people around where where it all started at
• 47:13
  Bitcoin Magazine and basically the art gallery I highly
• 47:16
  recommend everyone check out. Amsterdam we're really excited
• 47:19
  for. We're getting Edward Snowden,
• 47:21
  Stella Assange, Adam back, you know, Abubakar, some of the
• 47:25
  speakers there, so really excited to have them there.
• 47:28
  Edward Snowden especially, really excited to have them back
• 47:31
  in the fold and talking about Bitcoin and everything, many,
• 47:34
  many other great speakers as well.
• 47:36
  Looking forward to bringing the news desk out to Amsterdam as
• 47:38
  well. Doing that again over there.
• 47:41
  And yeah, that's basically what's been keeping us busy
• 47:44
  right now. We're really looking forward to
• 47:45
  a great event, 29 days. We're really looking forward to
• 47:48
  Nashville. We were in Miami for three years
• 47:50
  and we really thank them for taking us in when no other city
• 47:54
  or state was really taking people in because of the worry
• 47:57
  of the Rona. So really excited to move it to
• 48:00
  Nashville and really excited to bring an awesome event to that
• 48:04
  city. Love it.
• 48:06
  Before we move on to Nashville though, Chris, big one
• 48:10
  Amsterdam. This is the second year in
• 48:11
  Amsterdam, right? If that's correct, Yep.
• 48:13
  Yep. OK.
• 48:15
  Is it is it going to be bigger than last year or it's it's
• 48:19
  still bear market things, so it's about the same size?
• 48:22
  About the same size. It's it's bear market vibes.
• 48:24
  Unfortunately, the venue does have a Max cap of I think 3500
• 48:29
  or 4K. We'd love to fill it up like
• 48:31
  that, but it's probably going to be about the same size as last
• 48:33
  year. Yeah, there are talks.
• 48:35
  I know DB has been tweeting, so I'm not revealing anything.
• 48:38
  He's been doing his. World tour around and you know
• 48:41
  looking to bring a conference to to another location potentially
• 48:44
  next year. Not ruling out, going back to
• 48:47
  Amsterdam, but would be cool to get a conference in in a
• 48:50
  different country or a different spot in the world.
• 48:52
  Interesting. OK.
• 48:54
  I did hear some rumblings and maybe it's rumors that the
• 48:58
  European Bitcoin conference is going to, you know, move around
• 49:02
  and even the Nashville one, the one in the states move around so
• 49:05
  we can be global on these conferences.
• 49:08
  Yeah, and that. That's really the thing.
• 49:09
  I'm not kind of revealing anything.
• 49:11
  You go to David Bailey's Twitter to see what he's saying, but he
• 49:14
  was tweeting that he's over in Asia, so that that just gives
• 49:17
  people a hint. But yeah, no, I think that we
• 49:20
  had it in one location for three years and Miami is really good
• 49:22
  to us. But our thing is, if we want
• 49:24
  global adoption, we want to spread awareness about Bitcoin.
• 49:27
  Moving it, we think, is the best way to do that.
• 49:30
  Love it. OK, what are you most excited
• 49:32
  about? To do it at Amsterdam?
• 49:35
  It's what you said 29 days away. 29 days away I'm gonna be
• 49:39
  heading up the news desk like I did at Bitcoin 2023.
• 49:41
  Opie, I know you and Nico were on the desk as well.
• 49:43
  Wait, hold on, hold on. Are you gonna be in the suit
• 49:45
  again? Cuz I am voting for Chris Alamo
• 49:48
  for president. I mean, do you want me to be in
• 49:51
  the hoodie or do you want me in the suit?
• 49:52
  I think I'm suiting up again. But yeah, no, I think I'm going
• 49:54
  to the suit. The suit.
• 49:56
  The suit. It is.
• 49:57
  Yeah. No, Really excited to be helping
• 49:59
  with the news desk again this year in Amsterdam.
• 50:02
  And like I said, really looking forward to be 24.
• 50:05
  I'm looking forward to hearing Edward Stone and Stella Assange.
• 50:08
  I know Assange was kind of being extradited from the UK to the
• 50:12
  USI don't know where that stands right now.
• 50:15
  And then always, you know, always look forward to listening
• 50:17
  to Edward Snowden as well. You know, we'll see what the
• 50:20
  2024 elections. If if some of the candidates
• 50:24
  have already said that they would pardon Assange and that
• 50:26
  they would pardon Edward Snowden.
• 50:28
  So I think this is going to be a tumultuous election year.
• 50:31
  I know Bitcoiner Bitcoin has been on the docket for many of
• 50:35
  the candidates, so we're going to see how it's treated if one
• 50:38
  of them end up winning. Like I said, don't keep
• 50:41
  politicians at their word, keep them at their actions.
• 50:43
  So I hope they follow through with everything and you know,
• 50:46
  not saying put all your eggs in one basket and don't be
• 50:49
  disappointed. This is an individual freedom
• 50:51
  movement, so. The best thing you do is buy
• 50:53
  Sats, stack Sats and then put them into self custody is your
• 50:56
  best way to opt out of the Fiat political and financial system.
• 51:00
  So that's just my 2 Sats 100%. Chris, we, you know, it's
• 51:06
  Amsterdam's coming up. Is there any sneak peeks on what
• 51:10
  maybe Julian Assange is talking? What?
• 51:12
  Or Snowden's talking about what Stella Assange is talking about.
• 51:15
  Do you guys know what's on the docket for these speeches?
• 51:18
  Yeah, I don't know. I know we're going to be
• 51:21
  dropping the agenda on Friday, So that's still, it's fine.
• 51:24
  It's in like the final stretches right here.
• 51:26
  So on Friday this week, they'll be dropping the agenda.
• 51:29
  I know Snowden will probably talking about Bitcoin and
• 51:31
  digital privacy. Stella will be talking obviously
• 51:34
  about Julian and his extradition case and what are the next steps
• 51:37
  to try and free him because obviously he's been in jail for
• 51:40
  over 10 years now, which is really crazy, as well as Ross
• 51:43
  free Ross Ulbricht. Like I said, when we're in
• 51:45
  Nashville, come by the art exhibit, there is a Ross exhibit
• 51:49
  in the art gallery which, you know, goes out to him, his mom,
• 51:52
  his family. And you know, I really hope the
• 51:54
  one thing that I hope for any politician, regardless if they
• 51:57
  make Bitcoin legal tender or whatever in the USI really hope
• 52:00
  that they pardon Assange, Snowden and and Ross Olbert,
• 52:03
  that that's really like the only thing I'm looking for a
• 52:05
  candidate. So like the bare minimum that
• 52:07
  they do just pardon those three people in my opinion would be
• 52:11
  the best thing to do. You know, I don't want to get
• 52:12
  into the leads of all the other politics of it all.
• 52:15
  Yeah, 100% and oh like. You're going to be there.
• 52:18
  This is, this is strong speaker list you got going on here
• 52:21
  anyways. Anyways, let's let's talk about
• 52:23
  Nashville for a little bit. So it is what, six months away
• 52:27
  now, maybe nine months away, guys, and we're telling you
• 52:31
  constantly. To get your tickets because we
• 52:33
  want to hang out with you guys, but.
• 52:35
  Do you know exactly what's going on in Nashville, Chris?
• 52:38
  Can we get some more sneak picks, some leaks?
• 52:40
  What's what's? What's the plan over there?
• 52:42
  Yeah, so it's going to be in Nashville.
• 52:44
  I know Dell was asking me before we started.
• 52:46
  It's going to be in the Radio City, Radio, City Hall.
• 52:51
  Convention Center, I believe is the name of it.
• 52:53
  So like, we have the address of the Music City Center.
• 52:56
  Sorry, on John Lewis way. I can't reveal too much more
• 53:00
  about it. It's going to be an awesome
• 53:01
  conference. It's a gigantic venue.
• 53:03
  We hope it to be even bigger than Bitcoin 2023.
• 53:07
  Maybe it'll be bigger than even Bitcoin 2022.
• 53:10
  It's posthavening, at least we suspect.
• 53:12
  If the happenings in April, so hopefully we'll be in the midst
• 53:14
  of the bull run and it'll be really, really awesome.
• 53:17
  Obviously it's going to be a few months before the elections for
• 53:21
  2024, so I think that'll be very spicy or the political scene
• 53:26
  will be a topic of debate for sure.
• 53:28
  We're always bringing back our open source stage.
• 53:30
  We always love our open source contributors and we'll be
• 53:33
  rolling out in the next couple months.
• 53:35
  The open source contributor thing where if you contribute to
• 53:37
  projects on the Bitcoin space, whether it's Bitcoin development
• 53:41
  such as Bitcoin Core, Sparrow, Spectre, any of these projects
• 53:45
  you can apply to get a free ticket to the conference, you
• 53:48
  know, really we would not be would we would not be able to
• 53:51
  have this event. It wasn't for Satoshi, all the
• 53:53
  cypherpunks and developers that do this.
• 53:55
  So it's a way of giving back to them to get into the conference
• 53:58
  for free if they're not already speaking, which we really
• 54:01
  appreciate. Dell and Opti, I'll speak for
• 54:04
  myself. I cannot.
• 54:05
  Code worth the crap. So you know, I really have to
• 54:08
  thank them all the work that they do.
• 54:10
  So yeah, that's just my two cents of.
• 54:12
  It all my my coding goes as far as I can basically do hello
• 54:16
  world and do some command lines. I'm not a coder at all.
• 54:20
  Yeah, like my look, my Bitcoin note is as far as I get in the
• 54:24
  coding world. And you know, that's just
• 54:25
  checking the signatures, downloading it, making sure it's
• 54:28
  running all right. Exactly.
• 54:29
  That's the extent of my coding as well.
• 54:32
  But there's also going to be a lot of side projects in
• 54:35
  Nashville, right? Like you guys are based there,
• 54:37
  you guys gonna have parties there.
• 54:39
  Like what's going on? Are we really taking over
• 54:41
  Nashville? Oh, Opti, we're gonna, you know,
• 54:44
  go on Broadway and we might not make it out at the end of the
• 54:46
  night, so. You know, if you're speaking,
• 54:48
  just make sure that you get there.
• 54:50
  But you know, it'll be a great time.
• 54:51
  There's a lot of good bars. Awesome party scene there as
• 54:54
  well. Obviously Nashville's kind of a
• 54:56
  hotbed, a Freedom City as we call it.
• 54:59
  Yeah, well, they'll definitely be side events.
• 55:00
  I know last year there was Satoshi Rakamoto, which was like
• 55:03
  a bunch of bitcoiners getting drunk at a bar and singing
• 55:05
  karaoke, which was a blast. I think Sophie was there.
• 55:08
  She was doing a great job singing, obviously.
• 55:11
  Like we'll be giving tours of the art gallery.
• 55:12
  You can see the Ross exhibit. Bitcoin Park is there.
• 55:15
  So Matt, Odell, Rod, and Harry. Doc as well as Josh are running
• 55:20
  it over there. I highly recommend everyone go
• 55:22
  check out Bitcoin Park. It's very, very cool.
• 55:25
  And yeah, there's many other side events to come, so looking
• 55:28
  forward to them as they roll out.
• 55:29
  Yeah, yeah, I agree. And Elaine asks.
• 55:33
  Well, she didn't really ask, but she just basically said, can
• 55:35
  people still volunteer for the conference?
• 55:37
  And how about? Yeah, definitely.
• 55:39
  So normally we do the volunteer rollouts probably like four to
• 55:42
  five months before the conference, but we will be
• 55:44
  rolling out the volunteers. Again, shout out to all the
• 55:47
  volunteers that help us. Obviously as long as you're
• 55:49
  working a shift, we give you a ticket to the event as well when
• 55:52
  you're not working. So you know it's kind of a
• 55:54
  great, great deal that you helped volunteer for a few hours
• 55:56
  and then we give you a ticket to enjoy the event in the off time
• 55:59
  when you're not working. So huge shout out to the B23 and
• 56:02
  B22 volunteers as well as Amsterdam.
• 56:04
  It's always a great help. Yep.
• 56:07
  And Chris, one more question for you, but it's on the screen.
• 56:09
  When is the Nashville event? Yeah, so July 25th through the
• 56:13
  27th in Nashville, we're really looking forward to it.
• 56:16
  It's gonna be a three day event. They'll be industry day as well
• 56:18
  as 2GA days. So GA day one and GA day two.
• 56:22
  Yeah, looking forward to another great event in a new city.
• 56:26
  Let's go. Well, I'm excited to get to
• 56:28
  Nashville. And I guess, wait, Dell, you
• 56:31
  have any any questions on the conference?
• 56:34
  Are you excited to go to the conference?
• 56:36
  What's your thoughts on all this?
• 56:37
  Yeah, I'm definitely excited. The thing that I'm really
• 56:40
  looking forward to seeing happening or as a possibility, I
• 56:43
  don't know that this will happen, but there is a
• 56:46
  possibility, a nonzero chance that the having happens before
• 56:51
  the before the conference. That seems like a really good
• 56:54
  chance. It's looking like it's towards
• 56:55
  the end of April. So unless something crazy
• 56:57
  happens and I I don't know what would happen there.
• 57:00
  But if that happens. And then a whole lot more people
• 57:03
  start to go, wait a second, what's going on with this
• 57:06
  Bitcoin thing? And then you get a politician.
• 57:08
  Like, imagine if RFK Junior got up on stage there at the Bitcoin
• 57:11
  county. I'm not saying that he is.
• 57:12
  I'm just saying imagine the situation where people are
• 57:15
  going, what's this Bitcoin thing?
• 57:16
  They start asking questions about money.
• 57:19
  Things can happen so fast. I've learned that in the past
• 57:21
  few years that the entire world can be a radically different
• 57:24
  place in the course of months. And so you could have people
• 57:27
  questioning money, seeing the Bitcoin price skyrocketing,
• 57:29
  seeing their bills going up, and then going, wait a second, this
• 57:33
  Bitcoin thing seems like an answer.
• 57:34
  RFK gets on stage at at at Bitcoin Nashville and talks
• 57:38
  about how he wants to really embrace it, even more so than
• 57:41
  he's already said that that whole connection of things could
• 57:45
  be a a a catalyst of the likes that we can't even really wrap
• 57:49
  our heads around. Yeah, completely.
• 57:51
  Great. Like I said, the elections are
• 57:53
  in November of 2024, so I think things are going to be going
• 57:56
  nuts. You know, it was awesome that we
• 57:58
  were able to have Tulsi, Gabbert, Vivek and RFK on stage
• 58:02
  for B23. Yeah, it would be very, very
• 58:05
  interesting. I know.
• 58:07
  Yeah, I'll I'll just leave it at that.
• 58:08
  Like it'll be very interesting with the politicians with where
• 58:11
  their stances. Hopefully they'll have strength
• 58:13
  in their resolve and education in Bitcoin and hopefully we'll
• 58:16
  hear that at Bitcoin 2024 as well.
• 58:19
  Let's go. I mean I, I know, Chris, you and
• 58:21
  I have had these conversations that moving forward Bitcoin will
• 58:24
  be the political hot topic. Like it's going to be one of the
• 58:29
  defining conversations, especially when we're talking
• 58:32
  about what we saw on the culture or I mean on the news and in the
• 58:36
  numbers. You know, we have spot Bitcoin
• 58:38
  ETF's. On the one hand there's, there's
• 58:41
  institutional interest in the Bitcoin, there's capital waiting
• 58:43
  on the sidelines. And then on the other hand we
• 58:45
  have, you know the G20 Nation talking about a CBDC system.
• 58:49
  And every country in the world is talking about rolling out a
• 58:52
  CBDC system. And it's going to be, especially
• 58:55
  in America, very defining hot button topic where it's either
• 58:59
  Bitcoin or it is slavery. And This is why we have to
• 59:03
  double down on spreading all the Bitcoin signal, doing your part
• 59:07
  with the memes, with the content, with the articles and
• 59:10
  then just having conversations with your friends and family.
• 59:12
  And and I think Dale and I have had this conversation.
• 59:14
  It's like do it kind of tactfully, guys, you know, don't
• 59:18
  don't be unbearable, you know, be be a little bit compassionate
• 59:22
  when you're talking about Bitcoin.
• 59:24
  Anyways, Chris, anything else you're working on?
• 59:26
  Are you just doubling down on the conferences and, you know,
• 59:30
  chickens with your head cut off making sure that that gets run
• 59:32
  right? Yeah, so next week they'll be a
• 59:35
  video dropping from Dom Bay. So he's Baywatch one I believe
• 59:40
  on Twitter. What a great name.
• 59:42
  So there's some an interview that I did with him that has
• 59:44
  more information about it. So you'll have to look for it
• 59:46
  Tuesday or Wednesday next week on Bitcoin Magazine dot Bitcoin
• 59:50
  magazine, YouTube. But it's a cool interview that
• 59:52
  we did that has a little bit more about a side project I'm
• 59:54
  working on that I'm really excited for.
• 59:57
  And yeah, couple of things in the works, but mainly focus on
• 1:00:00
  the conferences 20 day, 29 days out.
• 1:00:03
  Love it. Well, hold on, I got a
• 1:00:04
  soundboard. For you before.
• 1:00:06
  I am building Chris is. Building that's.
• 1:00:10
  A great one. All right, guys, let's get into
• 1:00:12
  the meme review, because this is your favorite portion of the
• 1:00:14
  show. The Daily Meme Review.
• 1:00:20
  Brought to you by Kaboom Racks. I get this question all the
• 1:00:22
  time. Nico, where should I buy Bitcoin
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  Cap and Rex, look. Wait.
• 1:00:46
  Hold on. BTC is truth.
• 1:00:48
  Wait, BTC is truth. Is right on the button.
• 1:00:50
  Hold on. Hold on.
• 1:00:54
  Go back to the other one. Go back to the other one.
• 1:00:56
  BTC is truth. The aliens are here to steal
• 1:01:00
  your status. OK, All right.
• 1:01:01
  Anyways, this is the mean review and you'll get that in a minute.
• 1:01:04
  You'll get that. Why?
• 1:01:05
  That's on point. And then, yes, let's go to David
• 1:01:08
  as well, Dell. Bitcoin is going to be wife
• 1:01:11
  changing. Life changing, not wife
• 1:01:14
  changing. But wife changing is so good.
• 1:01:17
  Oh man. Yeah, if.
• 1:01:18
  Your wife isn't a Bitcoin or you gotta get a new wife.
• 1:01:21
  No, I've heard it's when Bitcoin goes into the next bull run.
• 1:01:24
  Your wife's gonna get a girlfriend too.
• 1:01:27
  Hey, let's go. OK.
• 1:01:31
  Hi guys. This is the meme review where
• 1:01:33
  you tag me on Twitter at Simply Bitcoin TV.
• 1:01:36
  Though our notifications have been blowing up lately, so maybe
• 1:01:39
  tag my personal optimist fields and I will bring either your
• 1:01:44
  meme or your favorite memes memes on the show and we will
• 1:01:48
  review them live and then also drop them in our Telegram group
• 1:01:51
  T dot me slash simply Bitcoin. We got a lively group of people
• 1:01:54
  in there. Good discussion in there.
• 1:01:56
  If you're if you're a lonely bitcoiner in your real life,
• 1:01:59
  hang out with us in our Telegram group.
• 1:02:01
  There's a bunch of cool bitcoins.
• 1:02:02
  Anyways, tweets of the bullets memes are the artillery and we
• 1:02:06
  are in the fight of our lives for the war on freedom.
• 1:02:11
  Anyways, this 1st meme, as you guys probably know, you guys
• 1:02:14
  probably saw it on Twitter. Literally the first thing I've
• 1:02:17
  woke up to this morning was a tweet by Encrypt or Fractal
• 1:02:21
  Encrypt, and it was something on the lines of like, Mexico
• 1:02:26
  announces that two shows, 2 mummified aliens, and Coinbase
• 1:02:31
  announced that lightning integration is happening.
• 1:02:34
  And that's the first thing I woke up to literally this
• 1:02:36
  morning. But that's not the meme.
• 1:02:38
  The meme is by TCAKA at Meditation under score Man, and
• 1:02:42
  here's like a picture of the supposed mummified alien looking
• 1:02:46
  like ET and he just goes unbothered by price action.
• 1:02:50
  Just hoddling, this is all of us here.
• 1:02:52
  We're just mummified aliens at this point.
• 1:02:54
  Just like don't care Bitcoin. Do something.
• 1:02:56
  Go up. Geez.
• 1:02:58
  Just unbothered, moisturized in my own lane stack.
• 1:03:01
  Is not moisturized. He is not moisturized.
• 1:03:05
  Well, I'm moisturized in my own loan.
• 1:03:07
  I I know the US announced that, you know, aliens are real and
• 1:03:10
  all everything, but this literally looks like paper mache
• 1:03:12
  et like, I'm sorry, that's just like my my opinion of it.
• 1:03:16
  Yeah, you know, I don't know. I instantly was like, what?
• 1:03:20
  What is this psyop for? Like what are they psyopping us
• 1:03:24
  for on this? That was irregardless of whether
• 1:03:27
  aliens are real or not, I just saw this and I'm like, what is
• 1:03:30
  going on? It literally looks like ET.
• 1:03:32
  Maybe ET was telling us maybe we need to watch ET Now as a
• 1:03:35
  documentary. Anyways, Anyways, next meme is
• 1:03:39
  by our boy Ropeium and he goes lasereyes.jpg and we got this.
• 1:03:45
  It looks like a carved skull out of out of corn and it goes.
• 1:03:52
  I honestly hope the entire crypto market crashes low.
• 1:03:55
  Sorry heart emojis feeling good. This is all of us just
• 1:03:59
  constantly waiting for the inevitable bad things to happen.
• 1:04:02
  We're just, you know, stacking corn.
• 1:04:08
  It ain't much, but it's honest work.
• 1:04:11
  Anyways, this next meme I I kind of touched on this in the
• 1:04:14
  beginning and and therapists need to update this one, but
• 1:04:18
  apparently Apple unveiled iPhone 15 Pro Max and it literally
• 1:04:21
  didn't change it all except for its titanium now.
• 1:04:24
  But here's a good chart, and this ends in 2017, so it does
• 1:04:28
  need to get updated. Five years And it just goes to
• 1:04:32
  show, maybe it shouldn't get updated since we've been going
• 1:04:34
  sideways for what feels like five years.
• 1:04:36
  But anyways, it's a picture of all the recent iPhone releases.
• 1:04:40
  And it goes how many bitcoins did each iPhone cost at the time
• 1:04:43
  of release? And it goes apples per Bitcoin.
• 1:04:46
  And we got iPhone 4. It costs 9300 BTC.
• 1:04:51
  We have iPhone 44 S 162 BTC, iPhone 552 BTC, iPhone 5S5 BTC,
• 1:05:00
  iPhone 61.62 BTC, iPhone 6 S 2.76 BTC, iPhone 71.0 C 7B
• 1:05:09
  Bitcoin, and iPhone 8.174 Bitcoin.
• 1:05:13
  It's almost like your life gets cheaper on a Bitcoin standard
• 1:05:16
  and the Apple phones don't change at all.
• 1:05:19
  Why? Why would you want an Apple
• 1:05:21
  phone? Why would you want one of these?
• 1:05:22
  I'm I think I'm on 12 and I just saw that they got recalled in
• 1:05:26
  like France or something for too much IMF.
• 1:05:29
  I'm literally burning my brains over here.
• 1:05:30
  I need a new phone. OK?
• 1:05:32
  Anyways, on the same vein, we got Lena Sisha and she goes
• 1:05:35
  cool. We got 2011 here and it's Apple
• 1:05:39
  and it got new phone a little bit better than your old phone
• 1:05:42
  and someone buys the iPhone 4S and then the smart people are
• 1:05:46
  buying Bitcoin. This is what you should be
• 1:05:48
  doing. Don't go run out right now and
• 1:05:50
  get yourself a new iPhone. You should be using that money
• 1:05:53
  to stack Bitcoin. And here we go 2023 look, they
• 1:05:56
  changed the charging port, iPhone 15 pro, all new design
• 1:06:00
  and that person's in a citadel because he stacked sats in 2011
• 1:06:04
  and he owns his own castle. This is the way guys.
• 1:06:06
  OK, this next meme is by uh, Huddle X huddle or huddle X
• 1:06:11
  hold. And it goes hashtag.
• 1:06:12
  Bitcoin is the way. And I I really just like this
• 1:06:15
  because it's kind of like psychedelic is kind of dope.
• 1:06:18
  We have this skeleton with bright aura and laser eyes and
• 1:06:23
  he's walking into this magical fairyland, magical future that
• 1:06:29
  is Bitcoin. And we have like the Cupid
• 1:06:31
  angels in the sky with laser eyes and Bitcoin logos.
• 1:06:35
  Bitcoin is the way, guys, you need to get on the Bitcoin
• 1:06:37
  standard. Your life gets cheaper and you
• 1:06:41
  guys know I I try to avoid nepotism on the meme review
• 1:06:45
  because I can hear you guys yelling.
• 1:06:46
  It's like you're picking your own memes.
• 1:06:48
  Whatever, whatever. But I really like this one.
• 1:06:51
  And this is also actually, I guess it's a Bitcoin therapist's
• 1:06:54
  heavy meme review today. And we got this guy, he's
• 1:06:57
  drinking some champagne, maybe it's some lemonade.
• 1:07:00
  We'll go lemonade because it's a PG13 show and we got the Bitcoin
• 1:07:03
  logo here. And this is just something that
• 1:07:05
  I like to get across to as many people as possible, because few,
• 1:07:10
  so few. Understand this and it goes.
• 1:07:13
  You're not buying Bitcoin, you're selling Fiat, guys.
• 1:07:16
  Capitulate your Fiat instantly. Sorry, sorry, doubts that a
• 1:07:24
  funny comment in our private chat.
• 1:07:25
  Yes, Dell can confirm. Can confirm.
• 1:07:29
  All right, drop your meme review in the meme review store in the
• 1:07:32
  chat as we cover hours live. All right guys, I think this
• 1:07:36
  meme review. Score for myself is going to
• 1:07:39
  break the Bitcoin Twitter Internet.
• 1:07:42
  All right, Are you ready for this?
• 1:07:43
  I'm. I'm about to get trolled.
• 1:07:45
  Imagine Chrissy steps into frame right now.
• 1:07:47
  That would. That would break, that would
• 1:07:50
  break the Internet. She leans in and gives him a
• 1:07:53
  kiss on the that that honestly, that would be a better score.
• 1:07:57
  But I'm I'm doing 1/2 of a sourdough bread roll.
• 1:08:03
  It's fucking delicious, guys. Bread is still so good.
• 1:08:06
  Sourdough is so good, I'm not apologizing for it.
• 1:08:09
  All right. All right.
• 1:08:10
  Chris, what is your score? So I got a Guy Fawkes tattoo, so
• 1:08:15
  I thought that was a pretty good one.
• 1:08:17
  Put it on your face right now. Put it on my face right now.
• 1:08:22
  All right, Dell, are you doing the private chat score or are
• 1:08:24
  you gonna do another one? Yeah.
• 1:08:29
  Yeah, I'll do. I'm not going to do that score.
• 1:08:33
  It's he's saying that for the Christine Lagarde.
• 1:08:36
  I will say big shout out to all the Bitcoin artists out there.
• 1:08:39
  We've got some great. People that are.
• 1:08:42
  Yeah, so my phone, this is this is a phone.
• 1:08:45
  I it's a it's a 1 + 7 something another and I got it.
• 1:08:48
  This is my review score. I got it off of Craigslist for
• 1:08:52
  100 bucks. So if you're not buying your
• 1:08:53
  phones off of Craigslist or some other.
• 1:08:56
  Secondhand place. Like, I don't.
• 1:08:57
  I I I truly don't know what an iPhone 14 or whatever they're at
• 1:09:02
  now does that my phone can't. I I honestly tell me what does
• 1:09:05
  it do? Can I fly with it?
• 1:09:06
  If I can fly, then maybe Oh OK, that's a kind of neat can I can
• 1:09:10
  I literally summon cars that just like appear magically in
• 1:09:13
  front of me? Because if I can do that, that'd
• 1:09:15
  be kind of cool. But if I can't do anything more
• 1:09:17
  than what my phone does, which is text people check, emails go
• 1:09:19
  online, then what the fuck am I spending saying it doesn't have
• 1:09:24
  Uber app on it? I'm not.
• 1:09:26
  I'm not talking about Uber app. I mean, like magically just
• 1:09:29
  materializing a car out of nothing if it can't.
• 1:09:31
  Yeah, that's called Uber. Dell Dell just got it.
• 1:09:36
  Dell just got the app from from a from the seller on eBay called
• 1:09:39
  Not the NSA that that's the only thing it does.
• 1:09:44
  OK. All right.
• 1:09:46
  All right, guys. All right.
• 1:09:47
  Before we move on though, shouts out to the merch.
• 1:09:52
  We got some new merch. Actually, Chris is wearing it.
• 1:09:55
  There's a new simply Bitcoin merch TT.
• 1:10:00
  We have yet to make the simply Bitcoin merch hat that Dell is
• 1:10:03
  wearing over there. I will get those printed you
• 1:10:06
  guys soon, but we do have some hoodies and we were getting
• 1:10:09
  yelled at. Oh, you make hoodies in the
• 1:10:10
  summertime. Well, I don't know about you,
• 1:10:12
  but it's starting to cool down where I am and this hoodie is so
• 1:10:15
  comfy and bright. Scan the QR code.
• 1:10:18
  Get yourself a hoodie. We appreciate all the support,
• 1:10:20
  boys and girls. Means a lot to us.
• 1:10:22
  Anyways, we got some mean review scores in here, so let me get
• 1:10:25
  into this one First. One is by Dennis Lassen.
• 1:10:30
  I believe your boy's blind. And it says meme.
• 1:10:35
  I give the sweet alien meme a free Bitcoin tattoo as an
• 1:10:38
  advertisement for Bitcoin. It can't say no.
• 1:10:43
  OK, you dude going hard on the Bitcoin tattoos.
• 1:10:46
  We get it. We get it, bro.
• 1:10:47
  We get it. OK, next one.
• 1:10:50
  John Pleb meme score in Augustine Carson's lap dance for
• 1:10:54
  one song, but he'll stop early because Fiat robs you of your
• 1:10:57
  time. Yo, that's meta.
• 1:11:00
  All right, all right. Next one is by our boy Planet
• 1:11:03
  Earth and he goes give these memes a big thank you to PayPal
• 1:11:06
  for your donation and support to the Bitcoin miners.
• 1:11:09
  Totally agree. And remember they said F2 pool
• 1:11:12
  was saying they're gonna give it back.
• 1:11:13
  I hope they do not give that 19 Bitcoin back to PayPal.
• 1:11:17
  No, if you're if you're the minor, you're like no, I'm sorry
• 1:11:20
  bro like that's your bad. I agree.
• 1:11:22
  But they they did a tweet that said like if you respond within
• 1:11:25
  three days we'll give it back to you.
• 1:11:27
  And they thought it was just like a person that, you know,
• 1:11:30
  wrecked themselves. But they better not give PayPal
• 1:11:33
  their money back at this point. Yeah, I hope that that was the
• 1:11:36
  the offer on on standby. If it was just like some person
• 1:11:39
  that was kind of, yeah, that's like, oh, that's fair.
• 1:11:41
  But if it's PayPal that I get, I want the backup tweet to just
• 1:11:44
  say actually, never mind yourself, OK, this next meme
• 1:11:50
  review score is by Elaine, and she goes score.
• 1:11:52
  It's time to hurry Bitcoin. And no matter who's there with
• 1:11:55
  kindness, be gentle. Speak Bitcoin everywhere.
• 1:11:57
  Yes, this is the way. Hold on.
• 1:12:00
  Uh, can I? Yeah, yeah, yeah, I can say that
• 1:12:04
  one. I can say this.
• 1:12:05
  OK, opt these mustache with Big Macs and Big Macs are delicious.
• 1:12:09
  Anyway, score. What do full mustaches and
• 1:12:12
  Bitcoin bull runs have in common?
• 1:12:14
  Both. Get you a second central banker
• 1:12:16
  girlfriend. Yes, this is the way.
• 1:12:18
  OK, everyone, Everyone's everyone's really excited about
• 1:12:24
  my sourdough bread. It's delicious.
• 1:12:26
  OK, BGC is truth. Meme score.
• 1:12:28
  Aliens secretly stacking sets. Yes, 100%.
• 1:12:32
  OK, let's see we. Are the aliens.
• 1:12:34
  We we are. That sounds good.
• 1:12:38
  OK, OK, UTXO. My meme review score is the
• 1:12:42
  league private chat between Opti and Dell.
• 1:12:47
  OK, let's see. I think this is all right.
• 1:12:50
  Two more couple more Canada memes who are an old smartphone
• 1:12:54
  with a broken screen that still does everything what iPhone 15
• 1:12:56
  Pro does. Yes, this is the way.
• 1:12:58
  Exactly, exactly. Next one, Matthew J Memes who
• 1:13:01
  are Dell's awesome hat that isn't emerged?
• 1:13:03
  Our guys. I know we're going.
• 1:13:06
  I'm going to get a represent. Ltd hat and I happen to check
• 1:13:10
  randomly and for some reason they had some more in stock and
• 1:13:12
  so. I don't know tweet at represent.
• 1:13:16
  Tell them to we're gonna we're going to print them We we we're
• 1:13:19
  already in touch with represent we're going to get some for you
• 1:13:21
  guys we we're we're on it just give us some time We we had to
• 1:13:24
  do a proof of concept with our first merch rollout before we
• 1:13:27
  just buy all the merch and here we are anyways son of a satoshi
• 1:13:31
  means for. One alien mummy was the Osmium
• 1:13:34
  hardware wallet. I don't.
• 1:13:36
  I don't know what that is anyways.
• 1:13:39
  Anyways, anyways, this end of the show guys.
• 1:13:42
  Really appreciate it. I'm your host Opti is my cohost
• 1:13:46
  Dell over there? Dell, do you know what you have
• 1:13:49
  in the docket for the YouTube shorts?
• 1:13:53
  Or wait, no clips? Originals.
• 1:13:55
  That's what we're calling them. Yeah, I've got one in the
• 1:13:59
  docket. It might be coming out today
• 1:14:02
  depending on what is going on. I think Rustin might be posting
• 1:14:05
  it today. If not, I think it's coming out
• 1:14:06
  tomorrow. And that one I'm going over a
• 1:14:09
  British huddle video. He's a new face in the game, or
• 1:14:12
  it's new to me. I think he's been around for a
• 1:14:14
  little bit, but I I didn't, OK, I wasn't aware of him until just
• 1:14:17
  recently and I've been watching this stuff.
• 1:14:19
  I really like his vibe. I like his three rules of
• 1:14:21
  Bitcoin. If you don't know him, they are
• 1:14:23
  one, stack sats by Bitcoin to shut the fuck up and three get
• 1:14:28
  fabulously wealthy. So I like those rules, but he
• 1:14:31
  goes over how you how bitcoins price.
• 1:14:34
  This is according to Bank of America.
• 1:14:35
  It can. Changed by 1% with just
• 1:14:38
  93,000,000 dollars, $93,000,000 is a pittance, a drop in the
• 1:14:43
  bucket for these massive players like Fidelity and in BlackRock
• 1:14:46
  and whatnot. So he's saying, how?
• 1:14:48
  So he goes into that and talks about how Bitcoin could hit
• 1:14:50
  seven point something million very easily.
• 1:14:53
  And so I break that down. That one's coming up pretty
• 1:14:55
  soon, so TLDR stupidly bullish video coming from Dow.
• 1:15:00
  Got it. Thank you.
• 1:15:01
  Dow. All right.
• 1:15:05
  I want to thank our guests and friend Chris Alamo from Bitcoin
• 1:15:09
  Magazine. Really appreciate you, bro.
• 1:15:11
  Where can the people find you and are they going to see you?
• 1:15:16
  Are you going to see them in Amsterdam, bro?
• 1:15:18
  In a suit. In a suit.
• 1:15:20
  Yeah, I will be suited up. Opti, Dell, Nico.
• 1:15:23
  I know he's not here, but thanks for having me guys.
• 1:15:25
  Always appreciate coming on the show.
• 1:15:27
  Love you guys and love what you guys are doing.
• 1:15:28
  You can find me on Twitter at Chris Alamo 6.
• 1:15:32
  You could also use that at Crystal M 06 at B dot TC for
• 1:15:36
  Noster. So that's my Nip 5 identifier
• 1:15:39
  and yeah thanks for having me so much.
• 1:15:42
  I will see everyone at Bitcoin Amsterdam all suited up.
• 1:15:45
  I will also see you at Bitcoin Nashville or Bitcoin 2024 in you
• 1:15:52
  know July 25th through the 25th through the 27th.
• 1:15:55
  I will be probably suited up there as well.
• 1:15:57
  So see you guys. I might have to wear a suit too,
• 1:16:00
  just for shits and giggles. I don't own a suit.
• 1:16:02
  But I might just have to buy one.
• 1:16:04
  Alright, that works. Thanks for having me.
• 1:16:07
  Appreciate being on here. I hope everyone learned a little
• 1:16:09
  something today. Yeah, thank you Chris.
• 1:16:12
  Kick back behind the behind the scenes before before you roll
• 1:16:15
  out. Anyways guys, we love you.
• 1:16:17
  We appreciate you. Thank you for showing up today.
• 1:16:19
  Thanks for hanging out with us in the chat.
• 1:16:21
  We will be back tomorrow with our normal show of course.
• 1:16:24
  Like, subscribe, share, spread, Bitcoin, signal, that's all that
• 1:16:27
  matters. I don't even care if it's simply
• 1:16:28
  Bitcoin. Just make sure people are
• 1:16:30
  talking about Bitcoin. Make sure they know that there's
• 1:16:32
  an exit route to the clown world that we find ourselves in.
• 1:16:36
  And of course, make sure people know that the main problem right
• 1:16:39
  now is the broken money. Anyways, we love you.
• 1:16:43
  We'll see you tomorrow. Peace out.
• 1:16:46
  SMS Khan.