Latest / Simply Bitcoin / WALL STREET HAS OFFICIALLY GONE ALL IN ON BITCOIN!! | EP 1415

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WALL STREET HAS OFFICIALLY GONE ALL IN ON BITCOIN!! | EP 1415 · Simply Bitcoin

• 0:00
  Forget BlackRock 700K Bitcoin prediction this week we had a
• 0:05
  huge asset manager predicting $53 million Bitcoin.
• 0:10
  You heard that right $53 million Bitcoin it it's getting crazy,
• 0:14
  but they're not the only there it's not the only move that
• 0:17
  scene from these multi trillion dollar bank Goldman Sachs has
• 0:21
  also released a massive prediction for 2026 and we have
• 0:25
  Morgan Stanley announcing that they're going to be launching a
• 0:28
  Bitcoin wallet this this year It's official Wall Street is
• 0:33
  going all in on Bitcoin to start 2026.
• 0:37
  I think we better buckle up boys and girls and of course I'm not
• 0:40
  alone I'm here with our Boyd Luke, everyone's favorite Aussie
• 0:44
  who once was the most bullish Bitcoin creator then then he got
• 0:48
  a little bearish on me. I'm not gonna lie you got a
• 0:49
  little bearish on me Luke, but let let's dive into the first
• 0:52
  one. I think this first, again, I'm
• 0:55
  going to literally ramp up from like just a general trend of
• 1:00
  where we're going all the way up into that $53 million Bitcoin
• 1:04
  prediction. So the first one is from
• 1:05
  BlackRock. BlackRock is predicting that
• 1:08
  2026 is going to be a major shift in retail or Main St.
• 1:13
  investing into Bitcoin. I've been saying this has
• 1:17
  probably been the case where, you know, we officially got the
• 1:21
  Bitcoin ETF in 2024. The last two years we've been
• 1:25
  seeing the institutional interest kind of ramp up.
• 1:28
  The case is 2026 is when they're finally comfortable with getting
• 1:32
  into Bitcoin. They're finally comfortable with
• 1:34
  investing a a significant portion of their portfolio into
• 1:38
  Bitcoin. And so this is what Blackrock's
• 1:40
  saying. Again, BlackRock might know a
• 1:43
  little more than us over here at Simply Bitcoin or even Luke on
• 1:46
  his channel. They're the ones talking to
• 1:49
  their customers. They're the ones seeing what's
• 1:51
  happening on the back end with institutional interest, but this
• 1:55
  is their take. It could be the year that
• 1:58
  mainstream's appetite for cryptocurrency exposure
• 2:01
  meaningfully grows. Quote.
• 2:03
  It's still early. Many investors have still just
• 2:07
  been starting their educational journey around what is Bitcoin
• 2:10
  and how it might fit in their portfolio.
• 2:13
  We'll see this still being or we see this still being very early
• 2:16
  days for Bitcoin. Now, from a Bitcoiners
• 2:18
  perspective, you probably been in for Bitcoin for many years
• 2:22
  now, you know Bitcoin 17 years old, but again, from an
• 2:25
  institutional perspective, it's only two years old and really
• 2:29
  it's only one year old. Last year was the only year that
• 2:33
  they can finally via all of the red tape be able to get into
• 2:37
  Bitcoin and of course, you know that you know the deal.
• 2:40
  They move very slowly on these new assets, these new
• 2:43
  investments, especially one with such a bad branding narrative as
• 2:49
  Bitcoin has had for the last 17 years.
• 2:52
  Anyways, going further, for many financial advisors, maybe they
• 2:55
  didn't have access to crypto before, again, that was
• 2:58
  officially released towards the end of 2025, or they weren't
• 3:01
  able to buy IBIT before it was approved on their platforms,
• 3:04
  which we saw, you know, Vanguard begrudgingly bend the knee
• 3:07
  towards the end of the year again.
• 3:09
  But for those who have taken the plunge, this asset class is
• 3:14
  instilling a sense of loyalty despite the the, you know,
• 3:18
  insane volatility that we've seen, which is what we saw, what
• 3:22
  we've been seeing with the ETFs that, hey, even though there has
• 3:25
  been a lot of outflows, the majority of Bitcoin that's been
• 3:29
  held in these ETFs was actually huddled by, you know, these,
• 3:34
  these ETF holders. I believe that the numbers, if
• 3:37
  I'm, if I'm remembering correctly, was 97% of all the
• 3:40
  Bitcoin that went into ETFs basically stayed in the ETF.
• 3:44
  So, you know, as much as I give the boomers, a lot of, you know,
• 3:47
  a lot of Flack here, the boomers that are buying the ETF, they
• 3:52
  got some diamond hands here. They're, they're not concerned
• 3:54
  about the volatility. Did I get kicked out?
• 3:58
  Bro I I kicked your child off screen.
• 4:00
  That's behind the scenes. OK, OK.
• 4:04
  I'm like, wait, what's going on? OK, OK, now we're going further
• 4:07
  quote, they're sticking with it, not necessarily selling out,
• 4:10
  looking for another alternative. So quickly it shows that
• 4:14
  investors that are moving into Bitcoin and getting exposure of
• 4:17
  Bitcoin through these ETFs, they're here for the long term.
• 4:21
  They're confident in where Bitcoin is going and they're not
• 4:25
  necessarily moving in or moving out based on that volatility,
• 4:28
  which is again, what the data is backing up and has been showing
• 4:31
  us. Whereas, you know, a lot of
• 4:33
  people have been saying, hey, yes, institutions are getting in
• 4:37
  Bitcoin, but they're not here for Bitcoin long term.
• 4:39
  They're just here for the gains. Well, the data and from what
• 4:42
  we're hearing from BlackRock themselves, it is kind of
• 4:46
  counter to that narrative. A lot of people have been
• 4:48
  saying, oh, they're going to have, you know, weak hands.
• 4:51
  They're going to. They're just here for the Fiat
• 4:52
  gains. I'm not saying they're here for
• 4:55
  the revolution, but the Fiat games, the greed that comes with
• 4:59
  number go up, definitely makes people want to sit in their
• 5:03
  positions and continue to accumulate, which is I think
• 5:06
  what we've seen in the last, you know, towards the end of the
• 5:09
  year starting 2026. So First off, I'm going to pass
• 5:13
  it over to you, Luke. I know we've been talking about
• 5:16
  this constantly. Can we really trust what
• 5:19
  Blackrock's saying? Half the time you're like,
• 5:21
  they're just talking their bags. But we kind of had this same
• 5:25
  narrative around Sailor. You know, Sailor didn't seem to
• 5:28
  panic. And we were, we kept kind of
• 5:30
  speculating that it's because he probably knows something else is
• 5:33
  coming behind the scenes. He's having these conversations.
• 5:37
  He's seeing things that we don't see and obviously can't really
• 5:39
  talk about them too publicly. I think BlackRock is in a
• 5:43
  similar position right here. I, I think at this point, as
• 5:47
  much as we may not like BlackRock, I think we can very
• 5:50
  confidently kind of assume that what they're saying is the case.
• 5:54
  So, Luke, before we keep moving, what's your thoughts on this
• 5:57
  little headline coming out of CNBC?
• 6:00
  So I got two thoughts. Again, we're building the case
• 6:02
  for Wall Street going all in on Bitcoin this week.
• 6:06
  My first thought is something that you set up there, you said
• 6:09
  Wall Street's been in the game for two years in Bitcoin
• 6:11
  maximum. So many people are going to hear
• 6:13
  that and they're going to say, oh, it's Cobitopium, it's
• 6:17
  bullish bullshit propaganda, but we have charts to back it up.
• 6:20
  I keep saying the only chart that matters is the number of
• 6:25
  Bitcoin on exchanges. And that's because two years
• 6:28
  ago, maybe three years ago, we saw an inflection point where
• 6:31
  for the first time in Bitcoin's life, we saw Bitcoin beginning
• 6:35
  to leave the exchanges. And that is because
• 6:38
  institutions, multi trillion dollar banks, sovereign wealth
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  funds, nation states, billionaires, they're all going
• 6:45
  all in on Bitcoin and they're taking the Bitcoin off the
• 6:49
  exchange. So I think we are two years into
• 6:52
  what Michael Saylor called the 10 year digital gold rush.
• 6:56
  He said that, you know, beginning in 2024, going through
• 7:00
  to 2034, this is going to be the decade of the digital gold rush.
• 7:04
  I completely sign off on that thesis.
• 7:07
  That's my first thought. The second thought that I've got
• 7:11
  is we are now watching the biggest banks in the world pivot
• 7:14
  and flip into Bitcoin. So we got Bank of America
• 7:18
  recommending a 4% Bitcoin allocation.
• 7:21
  We got Morgan Stanley, we got some news from Morgan Stanley.
• 7:24
  I don't want to let it leak just yet.
• 7:26
  I might hold on to that one for a little bit later, but they're
• 7:28
  going all in on Bitcoin. We've got Bank of America, we've
• 7:32
  got JP Morgan doing one of the biggest backflips I've ever
• 7:35
  seen. We've got what is it?
• 7:38
  It's BlackRock recommending a 2% Bitcoin allocation now for all
• 7:43
  of the money it manages. It has like 13 or $14 trillion I
• 7:47
  think. It's 17. 17.
• 7:51
  I don't think it's somewhere like that, but anyways, it's
• 7:53
  still in the 10s of trillions it.
• 7:55
  Is, and this is the broader point, banks control 10s of
• 7:59
  trillions of dollars. These money managers, they
• 8:03
  control around $50 trillion the last time I checked.
• 8:08
  Then you've got sovereign wealth funds.
• 8:10
  They've got somewhere around 50 trillion dollars.
• 8:13
  And if all of these banks like Bank of America now agrees that
• 8:16
  a 4% allocation for Bitcoin is optimal, we got Morgan Stanley
• 8:20
  talking about a 4% allocation of Bitcoin.
• 8:23
  We got Bank. Is it BlackRock 2% Bitcoin
• 8:26
  allocation? If we now have consensus from
• 8:29
  all of the money managers that somewhere between 245 percent
• 8:33
  Bitcoin allocation is optimal. What people are missing is as
• 8:37
  these money managers begin to allocate 1245 percent of the
• 8:43
  money that they have under management, this is a non linear
• 8:47
  process. This will have non linear
• 8:50
  impacts on the price of Bitcoin. Bitcoin is a $2 trillion asset
• 8:54
  in again, Bitcoin has that multiplier effect.
• 8:58
  So we haven't seen $2 trillion flow into Bitcoin over the past
• 9:01
  16 years. It's been more like 500 to $800
• 9:05
  billion of capital has actually gone into Bitcoin.
• 9:09
  And then you start running the numbers and you're like, OK,
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  sovereign wealth funds $50 trillion, banks 10s of
• 9:15
  trillions, money managers over 50 trillion.
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  They have hundreds of trillions just between themselves, and if
• 9:23
  they want to personally position and get their clients into the
• 9:29
  2345 percent allocations to Bitcoin that they're publicly
• 9:34
  recommending, again, privately, I think they're going much
• 9:37
  bigger than that. Before they tell the rest of the
• 9:39
  world that a 50% allocation of Bitcoin is optimal, that process
• 9:44
  of just one trillion or 2 trillion or just 5 trillion
• 9:48
  finding its way into Bitcoin over the next five years, It is
• 9:51
  not going to have this very easily predictable impact on
• 9:56
  Bitcoin's price, especially as the supply of Bitcoin on
• 10:00
  exchanges continues to shrink. We're going to reach an
• 10:03
  inflection point and we're going to see Bitcoin begin to behave
• 10:07
  in ways that I don't think we've ever seen it behave in before.
• 10:11
  That's just my take, Opti. Those are just two quick little
• 10:14
  thoughts I had on what you've laid out so far, but continue
• 10:17
  feeding us the bullishness. What else have we seen?
• 10:20
  Yeah, yeah, we're, we're, we're, I told you guys there's gonna be
• 10:23
  hoping on Friday with Luke and me today.
• 10:25
  So, you know, we're we're that's what we're doing today.
• 10:27
  All right, next headline which I am going to roll into the Morgan
• 10:31
  Stanley news, but we got this one from Forbes.
• 10:33
  Shout out to our boy Billy Bambrow, AKA Luke's Altacal at
• 10:38
  Forbes. If you read or if you know
• 10:40
  Luke's videos and you read Billy Bambrow, you're like, yo, it's
• 10:43
  the same person, they're using the same techniques.
• 10:45
  It's got to be Luke. Anyways, the headline here is
• 10:48
  Goldman Sachs just issued a huge 2026 crypto forecast AS200K
• 10:53
  Bitcoin price predicted. Not going to read the whole
• 10:56
  thing. I just highlighted a little bit.
• 10:57
  Here is the Goldman Sachs analyst take quote.
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  We see the improving regulatory backdrop as a key driver to
• 11:04
  continued institutional crypto adoption, especially for buy
• 11:08
  side and sell side financial firms as well.
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  New use cases for crypto developing beyond trading, which
• 11:15
  is tokenization. That's like the biggest trend.
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  You know, I, I think it's basically shit cornering by any
• 11:21
  other name but the banks. I said it last year.
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  Actually, I probably said it a few years ago.
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  I, I don't think we are ready for Wall Street shit coining
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  phase. It's not going to be in the
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  altcoins. I don't think it's going to be
• 11:35
  in these tokenized deposits. That's what that that's the
• 11:38
  whole rage. That's what they're all talking
• 11:39
  about. You know, tokenize all the
• 11:41
  things. Again, we're back to 2017 with
• 11:43
  these narratives going further. It goes, quote, 2026 could be a
• 11:47
  strong year for Bitcoin supported by potential rate
• 11:49
  cuts, which we just heard the other day that I, I believe it
• 11:54
  was Scott Besson. He said like we need 100 bibs
• 11:58
  cut and you're like, yo, they're they're going to turn the money
• 12:01
  printer on insane. And then going further and more
• 12:05
  accommodating regulatory stance towards crypto quote, putting
• 12:08
  his 2026 Bitcoin price prediction at up to 225 K.
• 12:13
  However, heightened volatility is likely amid ongoing
• 12:16
  macroeconomic and geopolitical uncertainties, which is to say
• 12:20
  we probably will get the price to go up.
• 12:23
  It might might go down afterwards like we might see
• 12:25
  blow off top. I know a lot of people are
• 12:27
  talking about a delayed cycle, delayed parabolic run.
• 12:31
  Personally, I'm not really on that train, but you know,
• 12:34
  anything can happen. I, I think, you know, parabolic
• 12:37
  run up. If we do get to the 200304100K
• 12:41
  range, we will probably get a pull back down into the 100K
• 12:45
  range. But hey, I'm all good for all
• 12:48
  volatility at this point, just as long as it's not a stable
• 12:51
  coin. As long as Bitcoin isn't a
• 12:53
  stable coin, volatility is good. It's good for our business.
• 12:56
  It's good for everyone out there because then people get
• 12:59
  interested in Bitcoin when it's flat, no one cares.
• 13:02
  When it dumps, everyone's like, why?
• 13:03
  When it starts pumping, everyone gets excited.
• 13:06
  Anyways, going further again, I said I was going to roll this
• 13:09
  into the Morgan Stanley news. Here's Baring reporting on this
• 13:13
  coming out yesterday. Morgan Stanley is betting big on
• 13:17
  digital assets, workplace service and private markets.
• 13:20
  How they tie together. The Wall Street giant is
• 13:23
  planning to launch a digital wallet later this year that
• 13:27
  could support all kinds of tokenized assets, including
• 13:30
  private company equities. Again, it's shit coining by any
• 13:35
  other name. But with that comes they're
• 13:38
  basically launching a Bitcoin wallet with these tokenized
• 13:41
  assets. Tokenized digital assets
• 13:43
  basically tokenize all the things, essentially tokenize
• 13:47
  stocks and equities, which is of course where they're probably
• 13:50
  going to make a shit ton of money, which is why I keep
• 13:52
  saying that's probably where the shit coining phase will be.
• 13:56
  And I've seen a lot of people talk about all all seasons
• 14:00
  around the corner. You know, look at this bullish
• 14:02
  set up here. And I'm like, you guys are not
• 14:06
  seeing what Wall Street is saying.
• 14:08
  I don't think they're going to be buying.
• 14:09
  I I don't even know what the shit coins are now.
• 14:12
  Like, you know, Wall Street's not going to be buying fartcoin
• 14:15
  here. They're they're going to be
• 14:16
  buying these tokenized digital assets, you know, tokenized
• 14:20
  whatever, tokenized Amazon stock or something like that.
• 14:23
  That's where I think the quote UN quote new altcoin phase will
• 14:28
  come from. But with that means they're
• 14:31
  obviously having to embrace Bitcoin.
• 14:33
  If they launch a digital wallet and it doesn't have Bitcoin in
• 14:36
  it, it's like, what is this hot garbage?
• 14:38
  So from my vantage point, Morgan Stanley's going to drop a
• 14:42
  Bitcoin wallet with all this other tokenized garbage on top
• 14:45
  of it. This tokenized asset is like the
• 14:49
  latest rage. We've heard BlackRock talk about
• 14:51
  it, Goldman Sachs talk about it. Now Morgan Stanley's talking
• 14:55
  about it. It's like just go where the
• 14:56
  puck's going. And I'm not saying buy these
• 14:58
  tokens, recognize assets. I'm just saying this is what
• 15:01
  they're telling you. This is what they want to do.
• 15:04
  So I mean, Wall Street is going all in on Bitcoin with that is
• 15:09
  going to come to shit coin phase.
• 15:11
  I think it's very surprising that we initially kind of saw
• 15:13
  Wall Street only embrace Bitcoin.
• 15:16
  I think now this year, we're probably going to see a whole
• 15:20
  slew of hot garbage come out of Wall Street under this guise of
• 15:24
  tokenized digital assets or tokenized stocks and equities.
• 15:28
  It's becoming very clear that that is what they want to do.
• 15:31
  So take that with a grain of salt.
• 15:34
  They have to embrace Bitcoin. But before I keep going, Luke,
• 15:38
  what's your thoughts on this one?
• 15:40
  I got a lot of thoughts on crypto and altcoins.
• 15:43
  Again, we've both been Bitcoin only for five years for a very
• 15:47
  good reason. We both look like morons.
• 15:50
  In 2021, we were getting dunked on by all of the crypto Bros.
• 15:54
  They had dot EF in their handles.
• 15:55
  They were calling me and Neanderthal for not seeing the
• 15:58
  store of value potential of NFTS.
• 16:00
  They were, you know, they were attacking us.
• 16:03
  And again, I think you know, time has proved if you look over
• 16:07
  the past five years, crypto's really seen about two months
• 16:11
  worth of rallying. And what's really interesting is
• 16:15
  they're down like this is the crypto market cap of the top 30
• 16:18
  altcoins. It is down 30% from its 2021 all
• 16:25
  time high. Again, bitcoins all time high.
• 16:28
  It was 65 ish $1000 in 2021 where it 90 we're at 90,000.
• 16:34
  We're up 30%. Shit coins are down 30% from
• 16:38
  2021. And this is ignoring inflation.
• 16:42
  Again, inflation has been compounding at at least 3% per
• 16:46
  year. So I think just building on what
• 16:48
  you set up the it's not just speculation.
• 16:51
  Institutions are not buying shit coins.
• 16:54
  Institutions are not buying altcoins.
• 16:57
  You can see it in the data. So many people got wrecked
• 17:00
  recently because they thought OK, OK, Bitcoin saw a halving in
• 17:05
  2024. Altcoins always play catch up to
• 17:09
  Bitcoin after the halving and what did we see?
• 17:13
  We didn't see that. We saw a Bitcoin only bull
• 17:16
  market. Over the past 12 to 18 months,
• 17:19
  bitcoins rallied from 15K to 126 K nearly doubled.
• 17:24
  Its all time high. I mean previous all time high
• 17:26
  was in the 60s. We got to 126 Z coin nearly
• 17:29
  doubled previous all time high. All of the altcoins struggled
• 17:34
  except for Z cash which I think saw a little bit of a
• 17:37
  coordinated inside a pump and dump.
• 17:40
  And also coordinated crash this week.
• 17:43
  We might look at that. We might have to have a look at
• 17:45
  that because that's true. Coordinated pump dump and then
• 17:49
  crash. What we've seen is none of our
• 17:51
  altcoins have said all time highs, Ethereum couldn't do it,
• 17:54
  Solana couldn't do it. All of these things, they're
• 17:58
  trending to 0, not just in Bitcoin terms, but also in Fiat
• 18:03
  terms. So again, we've been speculating
• 18:06
  about this for years off the end and like it's kind of come true.
• 18:10
  Like we've seen like 3 months of correction now and a lot of
• 18:14
  people were saying finally all coins are going to rally because
• 18:18
  Bitcoin tops first. But then as Bitcoin tops, who
• 18:21
  knows whether it's topped, but money flows out of Bitcoin into
• 18:25
  shitcoins. We still haven't seen it.
• 18:27
  The date is as clear as day. And again, I think this kind of
• 18:32
  it just goes back to first principles.
• 18:33
  Opti, The reason why we have not seen an alt season, the reason
• 18:38
  why altcoins are not setting new all time highs, it's because the
• 18:43
  market is now dominated by a completely different player.
• 18:46
  It's now dominated by BlackRock, the Institute, the sovereign
• 18:51
  wealth funds, the billionaires. And when I say dominated, I'm
• 18:54
  not saying they're 100% of the market, but it's been my thesis
• 18:58
  five years now that pre 2020, this was retail stage.
• 19:02
  I think if you have to estimate, at least 95% of the trading was
• 19:08
  coming from retail institutions. Now post 2020, I think that's
• 19:13
  been very different. I think retail's probably been
• 19:16
  less than 30% of the total trading volume.
• 19:20
  Again, I that number's a little bit higher because in 2021 we
• 19:23
  did see a little bit of an old season.
• 19:25
  We saw some shenanigans when jpegs of a rock were selling for
• 19:29
  like $10 million in all these ridiculous prices.
• 19:32
  But if you look at the five year period, you zoom out, you look
• 19:35
  at from 2020 to 2025. Just my guess.
• 19:38
  I love your thoughts on this in a moment, Opti, but I think it's
• 19:41
  more being like 70 percent big money, 30% retail.
• 19:46
  And This is why we're seeing all of the clues in the trading
• 19:49
  data. You can see it as clear as day.
• 19:50
  Altcoins are getting wrecked against Bitcoin and they have
• 19:53
  been getting wrecked for a while now.
• 19:56
  And I just think we're going to see some really interesting
• 19:58
  things. This is also why we've seen
• 20:00
  number of Bitcoin for the first time in Bitcoin's life.
• 20:04
  Decline for five years. There's a lot of different data
• 20:08
  sources, but all of them show the same trend.
• 20:11
  Hundreds of thousands, if not a million coins have left the spot
• 20:16
  exchanges and the OTC desks over the past three to four to five
• 20:20
  years. And that's just because the
• 20:22
  market's different. There's new players in the
• 20:23
  market. They're not speculating on
• 20:25
  Bitcoin, they're not mining Bitcoin and sticking it on an
• 20:28
  exchange. They're mining Bitcoin and put
• 20:31
  it in in their treasury. Completely different world.
• 20:34
  Yeah, no, I mean, we were kind of hinting at this a couple of,
• 20:39
  you know, like all of last year where it started to feel like
• 20:42
  all coins were dying. I think I made a very public
• 20:45
  statement on the show that once the Bitcoin ETFs launch and you
• 20:48
  saw all the inflows from the institutions going into Bitcoin,
• 20:52
  you're like, oh, this makes perfect sense.
• 20:54
  Like they're not going to be buying fartcoin.
• 20:56
  You know, the like freaking Charles Schwab advisors can't be
• 21:00
  like, all right, guys, I got a very good investment.
• 21:04
  You should be buying fartcoin right now.
• 21:06
  Like unless they're going full Wolf of Wall Street, Leonardo
• 21:09
  DiCaprio here and they're just literally shilling dog shit to
• 21:12
  their customers, which their reputations cannot do there.
• 21:16
  It's like they're not going to be buying all this hot garbage.
• 21:19
  Well, it is interesting that you are seeing them kind of rebrand
• 21:23
  the the shit coin narrative into these tokens, tokenized digital
• 21:28
  assets, which is essentially what we've seen happen in
• 21:31
  Bitcoin for so long. Remember the ICO phase and then
• 21:34
  it's the NFT phase and now we're going to this tokenized assets
• 21:39
  from Wall Street. It's like it's the same
• 21:41
  playbook, just slightly altered, which is, hey, we like Bitcoin,
• 21:45
  buy this other stuff, which is a tacit approval of Bitcoin to us.
• 21:51
  And I see it in the chat like, yes, the banks coming into
• 21:56
  Bitcoin, we really don't care about the banks coming into
• 21:58
  Bitcoin. It's like, OK, cool, bro.
• 22:00
  I thought we were here to disintermediate the banks.
• 22:03
  But they still carry a lot of weight and authority when it
• 22:06
  comes to just the average person.
• 22:08
  If every huge bank, huge institution, wealth manager,
• 22:11
  asset manager is embracing Bitcoin shilling, you know,
• 22:15
  anywhere from 1 to 4% of people's portfolio into Bitcoin.
• 22:20
  It's like, OK, everyone like BlackRock said in the beginning,
• 22:24
  and this might be the year that we see a significant push into
• 22:27
  Bitcoin and maybe some of these other hot garbage cryptos.
• 22:31
  But let's get into the really crazy absolute.
• 22:34
  Like, look, I'm as bullish as anyone.
• 22:37
  And even when I read this headline, me and Luke were like,
• 22:40
  yo, what are they smoking? Like this is this is some great
• 22:43
  ahopium right here. So let me pull that up and and
• 22:46
  not only is it some great ahopium, but this prediction is
• 22:50
  all over for the place. Absolutely all over the place.
• 22:52
  So here's DL news. And he goes Bitcoin to $53
• 22:55
  million. Yes, Vanek really just made that
• 22:59
  prediction. And here we go it goes.
• 23:02
  Vanek says Bitcoin's price can hit $53 million by 2050 as the
• 23:06
  crypto is adopted as a settlement currency for global
• 23:10
  trade. Quote.
• 23:12
  The scenario requires Bitcoin to achieve parity with or surpass
• 23:17
  gold as a primary global reserve asset, constituting nearly 30%
• 23:23
  of world financial assets. The firms bear case.
• 23:26
  And this is where it's just like like, dude, this is, this is
• 23:30
  like, I, I don't want to say it's idiotic, but this range
• 23:34
  here, it's crazier than the power law.
• 23:36
  OK, let me just put it that way. And it goes.
• 23:38
  The firm's bear case predicts Bitcoin hitting $130,000 by
• 23:43
  2050. It's base case projects a price
• 23:46
  of 2.9 million by 2050. And then of course, the bull
• 23:49
  case, fifty 30 million by 2050. Like what?
• 23:53
  It's insane. Anyways, Vandex Forecast
• 23:56
  highlights how traditional financial firms are increasingly
• 23:58
  growing more bullish on crypto after years of treating digital
• 24:01
  assets as an unwanted and seedy subcategory of finance.
• 24:05
  It also comes as Bitcoin is showing signs of making a
• 24:08
  recovery after a wave of liquidations, which we've been
• 24:11
  covering Wall Street, BlackRock, JP Morgan, they're all saying
• 24:15
  the same thing. Hey, this Bitcoin thing's not
• 24:17
  gonna go away. The only problem is it's being
• 24:19
  driven by leverage. So what are they doing?
• 24:21
  They're liquidating everyone in the leverage markets.
• 24:24
  This is why we're seeing the Bitcoin price whipsaw in this.
• 24:27
  You know, 80 to 90 K range is because everyone thinks, oh, now
• 24:32
  it's time to long. Well, guess what?
• 24:34
  The longs get liquidated, it dumps and then everyone's like,
• 24:36
  OK, now it's time to short. What happens?
• 24:39
  The shorts get liquidated and we pump back up.
• 24:41
  It's only a matter of time until this pressure, this lid right
• 24:45
  now gets blown through. And I think the kind of range
• 24:49
  is, as I've been kind of showing you guys, when I show you my TA,
• 24:52
  my, my magic lines is roughly around that 9495 K.
• 24:57
  If that breaks through convincingly, if all the
• 24:59
  leverage is reset, then it goes to 100.
• 25:01
  And I think once we break 100 again, it's when we really start
• 25:04
  to see the action happening. And actually before I pass it to
• 25:07
  you, Luke, this also just dropped this morning, though
• 25:10
  this is more on, you know, digital tokenization of
• 25:14
  everything. BNY Mellon just this morning
• 25:18
  announced another tokenized digital asset product.
• 25:22
  It's like every huge bank, like I've been telling you guys is
• 25:25
  getting into Bitcoin. Here's the headline.
• 25:27
  BNY extends digital cash capabilities for institutional
• 25:30
  clients. So when you read into this,
• 25:32
  you're like, wait, they're creating a shit coin?
• 25:35
  Like what? So BNY Mellon global financial
• 25:38
  service company has taken the first step in its strategy to
• 25:40
  tokenize deposits by enabling the on trade mirrored
• 25:44
  representation of client deposits balances on its digital
• 25:48
  asset platform. Going further, how work
• 25:52
  beginning with collateral and margin workflow use cases, this
• 25:55
  launch being wise cash capabilities by creating on
• 25:59
  chain digital book entries that represent participating clients
• 26:02
  existing demand deposit claims against the banks.
• 26:06
  Oh dude, the word salad's crazy. This capability operates on B
• 26:10
  and YS private permission blockchain and is governed by
• 26:13
  the company's established risk compliance and control
• 26:16
  framework. All right, so BNY Mellon's
• 26:19
  launching their own, you know, shit coin, their own private
• 26:22
  blockchain permission blockchain, and you're telling
• 26:26
  me that they're not going all in on Bitcoin?
• 26:28
  I think 2025, I was probably ahead when I said that we're
• 26:34
  going to see Wall Street shit coin.
• 26:36
  You know, I was, I was, I was off by a year.
• 26:39
  It seems like 2026 is the year that not only they have to let
• 26:43
  Bitcoin out because they can't not embrace Bitcoin and also
• 26:47
  embrace shit coins or permission blockchains, etcetera, but I
• 26:51
  think we're going to see a flood of this tokenized asset rhetoric
• 26:56
  spread through Wall Street. This is the new shit coin phase.
• 27:00
  And I would not be holding this with your, with, you know, a 10
• 27:04
  foot pole. I would not be touching this
• 27:05
  with your wall, guys. Like, this is the new scam
• 27:09
  playing out. But part of that also is
• 27:11
  essentially, you know, Bitcoin is a Trojan horse.
• 27:14
  They have to embrace Bitcoin. Like we saw the Trump
• 27:17
  administration when they wanted to embrace stable coins.
• 27:20
  They couldn't be like, yeah, stable coins are good, but
• 27:22
  Bitcoins bad. They're like, yeah, Bitcoins
• 27:24
  cool. But we like stable coins more,
• 27:26
  which is like, all right, dude, you know, you want to hold
• 27:29
  stable coins by all means, literally by definition, it's
• 27:33
  stable. We we all saw what Bitcoin did
• 27:35
  in 2025 and no one cares about stability.
• 27:38
  People want to see gain. People want to see number go up.
• 27:40
  People want to beat inflation. People want to get out of there,
• 27:44
  You know, very shitty position. People want to prosper, which is
• 27:47
  why I think just letting Bitcoin through the gate here, whether
• 27:50
  it's through stable coins or tokenized asset deposits,
• 27:53
  whatever that really means. It's like this is this is going
• 27:56
  to be a huge win. I'm I'm, I'm doubling down on
• 28:00
  2026 is going to be a great year.
• 28:02
  Yes, I was wrong last year, but I think 2026 is, is setting up
• 28:06
  perfectly for an incredibly bullish year.
• 28:09
  And and to wrap up today's show, Luke and I will, we will do some
• 28:12
  chart boring. We will look at some Bitcoin
• 28:14
  price. I will bring up the one minute
• 28:16
  chart. OK, guys, you know you guys will
• 28:17
  get what you asked for. But anyways, Luke, let's talk
• 28:22
  about the Vanek price prediction.
• 28:26
  We were talking about it this morning, the 1:30 K by 2050.
• 28:30
  If that happens, if that's their bare case, like in my opinion,
• 28:33
  that means Bitcoin's dead. Like the Bitcoin is absolutely.
• 28:36
  There's no point in holding Bitcoin if it's 130K in 25 years
• 28:40
  like that doesn't, that's not what this is about.
• 28:45
  Now, I'm not saying like we're just here for the games.
• 28:47
  I'm just saying if it only goes to 1:30 in 25 years, what, Like
• 28:52
  we were completely wrong about this, so we'll scrap that 'cause
• 28:56
  that just like a like, that's ridiculous price prediction to
• 28:59
  even say that as a bear case. The 2.9 to 53,000,000 is a lot
• 29:05
  more interesting 'cause I think that's directionally correct
• 29:08
  though 2.9 in 25 years. I don't know what the percentage
• 29:12
  gain is, but that still sounds bearish to me.
• 29:14
  I'm with Hal Finney, you know, at minimum 10 million, I think
• 29:17
  now updated to gold's price. It's probably in the 1520
• 29:22
  million area. So the 53,000,000 doesn't sound
• 29:26
  too crazy, though. I, I really wanted to put on the
• 29:29
  thumbnail today, you know, I wanted to be.
• 29:32
  Vanek predicts $53 million Bitcoin on the thumbnail.
• 29:35
  Like, what are they smoking? Because I like, I want some of
• 29:38
  this like I'm as bullish as anyone and that still sounds
• 29:41
  crazy to me. So Luke, I know you're as
• 29:44
  bullish as almost anyone. Is there possibilities?
• 29:47
  Is there a non zero chance that this could happen?
• 29:51
  Oh, it's more of my base case. Before I get into numbers,
• 29:57
  before we do numbers, I I think first just the range.
• 30:00
  I don't know what they're talking about.
• 30:02
  Like again, if Bitcoin's a stable coin for 20 years, it's
• 30:06
  still the best money in the world.
• 30:08
  Because if, if Bitcoin like keeps up with the pace of
• 30:10
  inflation for 25 years, it at least gives 8 billion people the
• 30:14
  same rules and the same property rights and no other money in the
• 30:19
  world can do that. And again, gold is inflationary.
• 30:22
  So as the price goes up, it's supply is going to be increased
• 30:26
  by two, three, 4% a year. And most gold holders are
• 30:29
  probably going to get wrecked over the, over the multi decade,
• 30:33
  you know, time frame. But 130 is an outright failure
• 30:36
  because it's not even keeping up with inflation.
• 30:38
  So, you know, that's, yeah, I just think that range is not,
• 30:41
  it's nearly as wild as the power law.
• 30:45
  Anywhere between 50K and 300K today in Q12026 is correct.
• 30:50
  That's like, that's ridiculous. And anyway, I, I, we might talk
• 30:54
  more about power law a little bit later, but I think firstly,
• 30:58
  53,000,000, that's not crazy, that's conservative.
• 31:02
  Because if you just look at there's $900 trillion of wealth
• 31:04
  in the world. If 10% of that wants to flow
• 31:07
  into Bitcoin, let's say 100 trillion for easy mathematical
• 31:10
  purposes, if 100 trillion wants to flow in, you've got to use
• 31:13
  your 6X multiplier because not every $1.00 of Bitcoin pushes
• 31:17
  the market cap up by $1.00. So that means you've got 600
• 31:21
  trillion of market cap added to Bitcoin.
• 31:24
  And if you've got 21 million coins, that's $30 million per
• 31:27
  Bitcoin. That's if just 10% of the money
• 31:29
  wants to fly into Bitcoin. And again, we know over the next
• 31:32
  decade or two decade, you know, global wealth is going to
• 31:35
  expand. It's going to go from 900
• 31:37
  trillion to 1000 trillion to eventually 2000 trillion.
• 31:41
  So 100 trillion of inflows is actually incredibly
• 31:44
  conservative. So I'm with you there.
• 31:46
  Update I think 50 million hundred million per coin in 2
• 31:50
  days purchasing power, not talking about hyperinflation.
• 31:54
  Let's. Go yeah, that's the like that's
• 31:57
  just base case. I think that's kind of like 100
• 32:00
  million, two $100 million per coin is base case.
• 32:03
  But again, I, I don't think Bitcoins just going to be
• 32:06
  another asset where you've got 100 trillion or you've got 100
• 32:10
  trillion flowing into Bitcoin. And I don't think you can still
• 32:13
  see a 203 hundred $400 trillion Fiat money bond market or a 506
• 32:21
  hundred $700 trillion real estate market.
• 32:23
  I just don't see Bitcoin getting $100 trillion of flows and the
• 32:29
  other inferior forms of money also inflating and getting
• 32:33
  significantly bigger over the next coming decades.
• 32:37
  So This is why I'm more of an all or nothing, you know,
• 32:41
  Bitcoiner, it either takes all of the money in the world or it
• 32:44
  fails and it goes to zero. I think it just getting 100
• 32:48
  trillion or just 10% of global wealth.
• 32:51
  That would be a it's a historical anachronism.
• 32:54
  It's not something we've seen in history.
• 32:57
  You've never seen a money that's demonstratively much better than
• 33:02
  previous forms of money just kind of come along and just get
• 33:05
  5 or 10% of the world's assets and just chill out there and
• 33:09
  just be digital gold. You've never seen it before.
• 33:12
  This is why I just disagree with the power law.
• 33:15
  Again, big numbers. It predicts $4 million Bitcoin
• 33:18
  by 20-40. But think about it.
• 33:20
  If global wealth has expanded over the next 15 years, which it
• 33:24
  should, and you know, you've got 2000 or 3000 trillion dollars of
• 33:30
  money in the world, do you really think that Bitcoin at $4
• 33:34
  million a coin or $84 trillion a market cap, do we really think
• 33:38
  that that's a huge success? I just don't think it is.
• 33:42
  If you, if you look at the history of any technology or any
• 33:45
  money, you've never seen a transition occur that slowly
• 33:49
  that that's, that's a slow transition.
• 33:51
  It's not an exponential transition.
• 33:53
  I could talk about this for hours, but I think 53 million,
• 33:56
  it's probably more directionally correct than like the three or 4
• 34:00
  million that the power laws predicting.
• 34:01
  What do you think I'll be? I mean, I'm with you.
• 34:04
  That three, like literally 3 million in 25 years.
• 34:08
  Again, I don't know what the gains are on that, but I was
• 34:11
  promised a million this year or last year, you know?
• 34:14
  So it just seems bearish to me, bro.
• 34:17
  Like I think what I think, I forget what the predictions are,
• 34:21
  but it's like 1,000,000 by 2030 or something like that.
• 34:25
  So I, I think directionally 3 million in 25 years is just
• 34:29
  extremely bearish. Like that should be their bear
• 34:32
  case in my opinion. But this range here is
• 34:35
  ridonkulous, you know, 130KA130K in 25 years or maybe 3 million
• 34:41
  or maybe 53,000,000. It should be like 3 million in
• 34:44
  25 years and then in the middle like 25,000,000 and then
• 34:49
  53,000,000's a bull case. Like I, I think that's probably
• 34:52
  closer to what's going to happen.
• 34:54
  But again, what do I know? It it I do agree with you
• 34:57
  though, that the adoption of Bitcoin has better money, the
• 35:00
  adoption of better money. It's not a slow gradual climb
• 35:04
  forever. There is a, you know, a a point
• 35:08
  where it does basically flip the switch and it goes from the old
• 35:11
  system to the new system. And now that we can actually
• 35:15
  price it in something, you know, now that we can measure the
• 35:18
  value of it, I think that's going to be a hockey stick up
• 35:21
  the S curve adoption of Bitcoin and and in terms of Fiat price.
• 35:25
  But anyways, let's keep it moving.
• 35:27
  I do have Matt Hogan saying from Bitwise kind of explaining what
• 35:32
  he thinks happened in 2025 and what he thinks is going to
• 35:35
  happen in 2026. And he's using gold as a good
• 35:38
  example. And then coming out of South
• 35:41
  Korea, we have some other interesting news.
• 35:44
  The nation state game theory is kicking into OverDrive.
• 35:48
  And then to wrap up the show, it's Friday.
• 35:49
  So Luke and I will just kind of shoot the shit on where the
• 35:51
  price is. Is Luke still bullish or not?
• 35:53
  I, I might troll him a little bit because he did get bearish
• 35:56
  on me a little bit guys. And he hasn't been on the show,
• 35:58
  so I can't troll him publicly yet.
• 36:00
  But that's today's layout, guys. So one commercial break and
• 36:03
  we'll be right back. Today's episode is brought to
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• 38:17
  All right guys, we're back. The current Bitcoin price is
• 38:20
  90,000 and $780, which is a 28% discount from all time high.
• 38:27
  The market cap is currently 1.81 trillion and the block height,
• 38:30
  the only time that really matters in the universe or at
• 38:32
  least on planet Earth is 931,578.
• 38:36
  OK, so as I was telling you, I really like this framework.
• 38:41
  Me and Luke were actually thinking about putting this in
• 38:42
  the beginning of the show, but we're we're gonna be just be
• 38:46
  extremely bullish throughout the whole show.
• 38:48
  So I think this is a great framework for what we
• 38:51
  potentially could see in 2026. And again, he is using 2025 in
• 38:57
  gold to kind of explain what happened to mechanics behind the
• 39:01
  market and why he's thinking this is going to happen to
• 39:04
  Bitcoin this year. Whether he's right or wrong, I
• 39:07
  think this is a good framework. He might be just off by a year,
• 39:10
  who knows, But the timing seems to work out.
• 39:13
  So let's play the clip and then Luke and I will we'll chat about
• 39:16
  it. What do you say to the people
• 39:19
  who they see all of this ETF demand at the same time that
• 39:24
  crypto prices maybe experience some weakness?
• 39:27
  Because I know you see this narrative out on XI, see it all
• 39:31
  the time. It's like people.
• 39:33
  Almost get mad at the ETFs if they don't result in the
• 39:36
  underlying crypto price action that they expect.
• 39:39
  And so like, how do you explain that?
• 39:42
  Yeah, it's because other people are selling.
• 39:43
  I mean the the ETFs are absorbing the selling of OG and
• 39:47
  traditional investors and it's just a ratio.
• 39:50
  The thing I often point people to because of what happened last
• 39:53
  year is actually gold. Everyone knows that gold had a
• 39:56
  tremendous year in 2025. It it, it sorts new all time
• 40:00
  highs. It ripped because the best
• 40:02
  performing asset in the world. And when people note that, they
• 40:05
  say what drove it, it was central bank purchases.
• 40:08
  But if you actually look at the data name, what you see is
• 40:11
  central bank purchases ramped after the the US seized Russia's
• 40:16
  assets and they went from about 400 tons a year to 1000 tons a
• 40:21
  year. That's a lot of gold.
• 40:23
  So in 2023. Central banks bought 1000 tons
• 40:26
  of gold. The price didn't do much.
• 40:28
  In 2024 they bought 1000 tons of gold.
• 40:30
  The price didn't do much. In 2025 they bought 1000 tons of
• 40:34
  gold. And gold went parabolic.
• 40:37
  And the reason it took three years is because of those first
• 40:40
  two years, there were existing holders who are willing to sell
• 40:44
  and they were willing to sell and miners were willing to sell
• 40:46
  and then they ran out of gold to sell, but the demand was still
• 40:50
  there. And when that moment happened,
• 40:52
  the price went parabolic. So I think what we saw in 2025
• 40:56
  is you had institutions playing the role in crypto that central
• 41:00
  banks didn't, gold persistent buying demand.
• 41:03
  You mentioned the statistics by more than 100% of the supply and
• 41:07
  you had some existing people that were willing to sell.
• 41:10
  And maybe in Q1 or Q2 of this year, they'll continue to be
• 41:13
  willing to sell, but it's not an infinite supply.
• 41:16
  At some point they will run out and Bitcoin will have the same
• 41:20
  experience that gold did in 2025, which I think the price
• 41:23
  will go parabolic. Hey, hey, told you guys, I, I'm,
• 41:28
  I'm we're we're we're filling you with some great a opium this
• 41:32
  year now lining this up. You know, he essentially said it
• 41:35
  took three years for gold to make the parabolic run that it
• 41:39
  has. Well, if again, as the meme
• 41:42
  goes, history doesn't repeat, but it often rhymes.
• 41:45
  Well, when did the ETF get launched?
• 41:47
  2 years ago. So we've seen the amount of
• 41:50
  selling in Bitcoin, obviously the fact it's been holding on
• 41:54
  how it's been holding hang on, I would say is is very strong.
• 41:58
  There's means there's a lot of buying pressure, just not enough
• 42:02
  to outpace the selling pressure. But if this is the year that we
• 42:06
  finally outpaced the, the selling pressure, Luke, is this
• 42:10
  the year we finally get the mother of all supply shocks?
• 42:13
  Is the supply shock in the room with us, Luke, in 2026?
• 42:17
  Or are we just continuously spreading fake news and, you
• 42:21
  know, narrative propaganda 'cause I'm, I'm waiting for the,
• 42:25
  the supply shock. I, I was a true believer and I'm
• 42:27
  like, man, maybe it's never happening.
• 42:29
  Maybe we don't get a supply shock.
• 42:31
  So, Luke, do you think this framework is on the, on the one
• 42:35
  hand, you know, a logical way to view this?
• 42:37
  And again, is the supply shock in the room room with.
• 42:41
  Us so the the supply shock is absolutely in front of.
• 42:45
  Us now again. Let's let's be very clear,
• 42:48
  because I've seen that the power law promoters, they, they make a
• 42:55
  straw man argument. That's never been my argument.
• 42:57
  So they will say that there is no correlation between Bitcoin
• 43:01
  on exchanges and short term price movement and that is
• 43:03
  absolutely true. It's never been my argument.
• 43:07
  My argument is the supply shock will manifest itself in one
• 43:12
  violence repricing event of Bitcoin.
• 43:16
  The when you, what you're going to see is, I believe could be
• 43:19
  wrong, but when the number of Bitcoin gets very close to 0 or
• 43:24
  hits zero, I don't know whether it's going to take a week or a
• 43:28
  month, maybe 3 months, but you're going to see Bitcoin be
• 43:32
  completely repressed. And that's going to happen when
• 43:35
  this chart gets closer to 0 and that's the number of Bitcoin on
• 43:41
  exchanges. Again, this is a little bit of
• 43:43
  an outdated chart. The supply suffocation's
• 43:45
  actually going on for a little bit longer now, but I, I don't
• 43:50
  know when you're going to see that repricing event happen.
• 43:53
  Could happen next month. It might happen a year from now.
• 43:57
  It might happen when the number of Bitcoin on exchanges hits
• 43:59
  1,000,000, who knows, but it's going to be 1 violent repricing.
• 44:06
  Bitcoin's going to go from 300,000 to 3,000,000.
• 44:09
  It's probably going to do it in a month.
• 44:11
  It's going to catch everybody off guard, which is why we
• 44:14
  continue to say OPTI on both our channels.
• 44:17
  You simply buy your Bitcoin, you put it in self custody and you
• 44:21
  wait. You don't get greedy, you don't
• 44:23
  try to time the market. We don't know what the future
• 44:26
  holds. This is just my speculation, but
• 44:29
  I believe the supply shock, it only matters once.
• 44:34
  It's only going to happen once. I think it's again, it could
• 44:39
  happen tomorrow. It's not a 0% probability, it's
• 44:43
  a it's a 0.1% chance. But again, I think as the world
• 44:48
  changes, your probabilities need to change again.
• 44:52
  In 2019, when there were no nation states, no billionaires,
• 44:57
  no sovereign wealth funds talking about Bitcoin, there was
• 45:00
  no strategic Bitcoin reserve talk.
• 45:03
  There was no billionaires buying up 3% of the supply like micro
• 45:06
  strategy has, and there was no evidence of a supply shock.
• 45:10
  There was no Bitcoin leaving the exchanges for a consistent
• 45:13
  period of time. The chances of waking up
• 45:17
  tomorrow and you see Bitcoin reprice 10 times higher, the
• 45:21
  chances of that were like 0.0000001%, nearly impossible.
• 45:26
  And that was my take. 2019, I believe these models, 2019 I
• 45:31
  believe diminishing returns. I believed in things like the
• 45:34
  power law. I thought things like stock to
• 45:37
  flow kind of directionally made sense.
• 45:40
  Then 2020 happened and it's a complete flip because the people
• 45:44
  dominating the market from 2020 to 2025, they're completely
• 45:48
  different allocators. We've got rumours of Middle
• 45:52
  Eastern. We don't even have rumours.
• 45:53
  We have Middle Eastern multi $100 billion sovereign wealth
• 45:57
  funds taking massive positions in Bitcoin.
• 46:00
  They're mining Bitcoin. It's happening all around the
• 46:02
  world. Honestly, if we wake up tomorrow
• 46:05
  and Bitcoin's at $30,000 or $3,000,000, I wouldn't be
• 46:10
  surprised either way. If it's if it's wider than those
• 46:13
  ranges, I'd probably be surprised.
• 46:15
  But like I'm personally mentally prepared for that type of
• 46:19
  volatility. The closer we get to the number
• 46:23
  of Bitcoin on exchanges getting closer to 0, be prepared for
• 46:27
  more volatility because if you look at the Bitcoin multiplier
• 46:30
  effect, this the first time I started talking about this in
• 46:33
  2020, it was at like 2.3. Now it's at six.
• 46:38
  Why? It's because there's less
• 46:40
  available Bitcoin for sale. That means the price, the the
• 46:43
  amount of capital coming into Bitcoin.
• 46:46
  It's getting a little bit more sensitive.
• 46:48
  It's pushing Bitcoin up a little bit more for every dollar that
• 46:50
  comes in. But again, why haven't we seen
• 46:53
  the parabolic blow off top? Because who's dominating them
• 46:56
  all? It's the big boys.
• 46:58
  They don't chase green candles like retail did pre 2020.
• 47:03
  Again, everything I see just confirms in my eyes Opti, that
• 47:08
  the supply shock is slowly brewing, the multiplier effects
• 47:11
  going from 2.3 to 6 over the past four to five years.
• 47:16
  Supply and exchanges continues to dwindle.
• 47:19
  I just think one day Sailor is going to have to be buying
• 47:24
  coins, and when he smash buys Bitcoin on a Monday morning, one
• 47:29
  of these days, Bitcoin's going to go from 200K to 400K nearly
• 47:34
  overnight. And then everybody's going to
• 47:36
  look around and go, holy shit, it's happening.
• 47:39
  And that's when the scramble happens for the last million
• 47:42
  Bitcoin on exchanges. And that's where shit just gets
• 47:45
  unpredictable. I don't know what's going to
• 47:47
  happen, but I think big green candles are coming and they come
• 47:49
  in much quicker than most people think.
• 47:52
  You know, I, I hope you're right.
• 47:55
  I'm with you at this point. I real, I'm just like, dude,
• 47:58
  something happened. Please, you know, I talked to
• 48:01
  Nico last night and I just tell him, like, bro, as long as
• 48:04
  there's some kind of volatility, we'll be OK.
• 48:08
  I'll be OK. This stable coin, you know,
• 48:11
  madness that we saw in 2025 is just driving me crazy.
• 48:15
  Like, you know, I don't know if I'd actually be prepared to see
• 48:17
  3,000,000 overnight. Luke, I might be losing my shit
• 48:19
  and I, you know, I'm gonna really crash out on the show and
• 48:23
  you, you might not see me again, you know, like 3,000,000
• 48:26
  overnight's crazy talk. But hey, I'd love to see it.
• 48:29
  You know, I, I would totally love to see it.
• 48:31
  But anyways, Luke, I know you do have a, you know, a hard stop.
• 48:35
  So I'm going to go into the news.
• 48:37
  We're going to quickly fly through this news coming out of
• 48:39
  South Korea. And then in the culture, we're
• 48:42
  just going to get even more bullish than we already did on
• 48:44
  the show today. So one more commercial break and
• 48:47
  we'll be right back. I want to give a shout out to
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  world. That's BITKEY dot world with the
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  code simply. Yeah, the the chat, the chat's
• 51:23
  on fire today, Luke. They're they're really going
• 51:25
  hard on the mustache. But anyways, anyways, here's on
• 51:30
  Bitcoin magazine headline South Korea preparing to approve spot
• 51:33
  Bitcoin ETFs in crypto policy pivot.
• 51:37
  South Korea reportedly preparing to open it's financial markets
• 51:40
  to spot Bitcoin ETFs this year make marking a shift in the
• 51:43
  country's long standing approach to digital assets as regulators
• 51:47
  accelerate work on a comprehensive new crypto law.
• 51:51
  This was outlined in their newly released 2026 economic growth
• 51:54
  strategy, which I think the name in and of itself is very
• 51:57
  interesting. If approved, spot Bitcoin ETFs
• 52:00
  would become available to domestic investors for the first
• 52:02
  time, placing South Korea alongside markets such as the
• 52:06
  United States and Hong Kong, where obviously billions have
• 52:10
  flowed into the ETF. Until now, Koreas capital market
• 52:13
  rules have not recognized crypto currencies like Bitcoin as
• 52:17
  eligible underlying assets for ETF, effectively blocking their
• 52:21
  launch. That scent is now changing as
• 52:23
  policy makers like to bring more crypto activity into regulated
• 52:27
  channels and reduce the flow of capital to offshore platforms.
• 52:31
  Now, an interesting kind of tidbit is, yes, you know, it's
• 52:34
  ETFs, you could argue it's paper Bitcoin.
• 52:37
  But the main case I think is I think we really underestimate
• 52:42
  the dominoes that were dropped when BlackRock launched their
• 52:46
  ETF. It it was one of those moments
• 52:48
  where you can't go back. Now you either are playing the
• 52:51
  game or you're just going to be left behind.
• 52:54
  And now South Korea is realizing this.
• 52:57
  We've seen a lot of Asian nations kind of play the game,
• 52:59
  whether it was Hong Kong playing the ETF game, now South Korea,
• 53:04
  you know, obviously I think Kim Jong UN's probably like one of
• 53:07
  the biggest Bitcoin holders in the world.
• 53:09
  If we can say that the Lazarus Group is officially, you know,
• 53:13
  state sanctioned strategic Bitcoin reserve.
• 53:16
  So Kim Jong Un is a Bitcoin maxi.
• 53:18
  You know, it, it's going into OverDrive.
• 53:21
  And now that we saw Trump embrace Bitcoin, it's like the
• 53:24
  nation state game theory is playing out in real time.
• 53:27
  Love it or hate it, this is where we are.
• 53:30
  Everyone wants some Bitcoin. Everyone is realizing they can't
• 53:33
  sleep on Bitcoin anymore. You have to embrace it.
• 53:36
  You have to at the very least allow it to go out.
• 53:39
  And if this is approved of of of course we've seen this play out
• 53:43
  before where, you know, they kind of do this like, oh, we're
• 53:46
  going to launch Bitcoin, but it's only for approved, you
• 53:49
  know, credited investors. They they're kind of saying the
• 53:52
  same thing here, but if this does get launched and approved
• 53:57
  how they want it to do, which is not perfect in my opinion, as we
• 54:00
  always say, you don't need permission to buy Bitcoin, but
• 54:03
  obviously these institutions love to grant you permission
• 54:07
  that you don't need to use these products.
• 54:09
  But essentially it would be like 10 million S Koreans are able to
• 54:14
  start to invest in these Bitcoin ETFs.
• 54:17
  You can argue it's more paper Bitcoin.
• 54:20
  You could argue it's just Bitcoin opening up into a whole
• 54:22
  new market, but the point remains the same.
• 54:25
  Bitcoin is officially global. It's everywhere.
• 54:29
  It's in every jurisdiction. If you don't own some, you
• 54:33
  probably want to get some and you probably want to get it
• 54:36
  outside these ETF wrappers. But hey, South Korea waking up
• 54:40
  and one of the funny memes. I was joking.
• 54:43
  I'm like, yo, the kimchi premiums back on the table, like
• 54:45
  let's go, You know, like they used to be a thing in the past,
• 54:49
  kind of died down in the past few years.
• 54:52
  Maybe it's back on the table. Maybe maybe there's an arbitrage
• 54:56
  opportunity here from, you know, the West to South Korea.
• 55:00
  I don't know. Hey, I'm just saying it looks
• 55:03
  like actually there's another data.
• 55:05
  I, I don't have it up here, but there was a chart that I saw
• 55:09
  going around that kind of further put some weight to this
• 55:15
  South Korea news is that essentially the US and the
• 55:19
  European nations are lagging behind the Asian markets right
• 55:24
  now. The Asian markets are what's
• 55:25
  been driving Bitcoin recently. We've all been seeing the 10 AM
• 55:29
  drop. It's not really happening this
• 55:30
  week in the new year, but the Asian markets are the ones that
• 55:34
  are scooping up a lot of Bitcoin currently.
• 55:37
  And I think this South Korea ETF news, this is probably going to
• 55:40
  accelerate that. So Luke, I'll pass it on to you
• 55:43
  mate. Don't go full Luke, you know, 10
• 55:45
  minute rant. Let do a do a quick succinct
• 55:48
  take on this so we can get into the culture and we can just end
• 55:50
  the Friday opium show. Let.
• 55:52
  Me just rein myself in here after.
• 55:53
  A little bit, a little bit. I got a quick South Korea take.
• 55:57
  So I think it's not a surprise that South Korea is embracing
• 56:01
  freedom money. It kind of reminded me of what
• 56:05
  New York's mayor actually said earlier in the week.
• 56:07
  Again, we're not going to play the video, but I'll remind you
• 56:09
  New York's mayor came out and he said we are going to reject the
• 56:16
  frigidity of individualism and we're going to embrace the
• 56:19
  warmth of collectivism. Now, again, this kind of
• 56:23
  reminded me a lot about the New York, you know, the North Korea
• 56:26
  and the South Korea divide. Yeah, that's a really good.
• 56:31
  Intention. I I mean, I, I'm not surprised
• 56:36
  that South Korea is embracing some more frigid individualism
• 56:42
  by maybe giving their people access to freedom money while
• 56:46
  the North Koreans continue to embrace the warmth of
• 56:49
  collectivism with their state sponsored hacking group that's
• 56:54
  confiscating the Bitcoin and giving it to their leaders.
• 56:57
  That's my short take on South Korea and North Korea.
• 56:59
  I am not surprised. I think it's bullish.
• 57:02
  I'm I'm here for it. You know, this maybe should
• 57:04
  really be changed. It should be the warmth of
• 57:07
  individualism versus the you. What's it the frigidity?
• 57:10
  What's it? I can't even say it the.
• 57:12
  Frigidity. The frigidity of collectivism,
• 57:15
  like we, we all know, if you know anything about history,
• 57:20
  collectivists usually freeze and starve.
• 57:22
  I mean, look, hey, hey, that's history, OK?
• 57:25
  That's just what the history books tell us.
• 57:27
  So the real warmth is in individualism, in capitalism,
• 57:30
  'cause you know, we, we, we got the heaters, bro.
• 57:36
  We can actually pay for electricity and heat.
• 57:38
  But anyways, I'm totally all right, all right, let's keep it
• 57:41
  moving. We're, we're going to end the
• 57:43
  show super bullish. I'm going to ask Luke about his
• 57:45
  takes, where we are right now. I'll give you my I'll give you
• 57:48
  my chart boy view this morning. I'm honestly tentatively
• 57:51
  bullish. I I know I've been saying that,
• 57:53
  but I'm starting to get bullish again, like really bullish.
• 57:56
  So the last three days aren't really working in my favorite.
• 57:59
  It's not really a part of my name anyway.
• 58:04
  Anyways, we'll be right back. I want to give a shout out to
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• 1:00:02
  Oh, man, yeah, the chat. You guys are killing me today.
• 1:00:05
  Love the chat. You guys are on point.
• 1:00:06
  OK, All right, Luke, what's your what's your hard stop?
• 1:00:09
  You got like 1520 minutes. Yeah, OK.
• 1:00:13
  Yeah. All right, cool.
• 1:00:14
  So Luke, this is this is the point where I, I got to troll
• 1:00:19
  you a little bit, bro. I have to troll you.
• 1:00:21
  Look, everyone knows Luke. Me and Luke are probably the
• 1:00:25
  most bullish Bitcoin creators, you know, on average, like every
• 1:00:30
  single day we're probably the most bullish.
• 1:00:32
  Though towards the end of last year, I was literally the last
• 1:00:36
  Mohican of being bullish. Luke got a little bearish on me.
• 1:00:39
  I think he was listening to Nico a little too much and even
• 1:00:43
  behind the scenes I'm like, I'm literally feeding Luke hopium.
• 1:00:46
  He's like Opti, I need some hopium right now, please.
• 1:00:49
  Like I I'm starting to feel bearish.
• 1:00:51
  So Luke, have you switched from bearish tentatively short term
• 1:00:56
  bearish to tentatively short term bullish Where we are?
• 1:01:00
  Where are we right now? And then I will pull up the
• 1:01:02
  charts. You know, I'll do some chart
• 1:01:03
  blowing for you guys, maybe one minute chart.
• 1:01:05
  I know Luke wants me to pull up what I told him this morning,
• 1:01:08
  which is why I'm I'm like, OK, this is healthy action.
• 1:01:11
  So anyways, enough of me ranting.
• 1:01:13
  Luke, where, where are you currently?
• 1:01:15
  Let's lay out some quick caveats again, we're both incredibly
• 1:01:19
  bullish in the medium term. The long term, we both kind of
• 1:01:23
  said earlier, Look, end game for Bitcoin, it's not millions, it's
• 1:01:26
  10s of millions, if not hundreds of millions.
• 1:01:29
  I've even made the case for why it could be billions of dollars
• 1:01:32
  per Bitcoin in the future, a couple of decades from now,
• 1:01:36
  today's purchasing power included.
• 1:01:38
  So again, caveat's out of the way.
• 1:01:40
  Another caveat as well. I think this is a great comment.
• 1:01:43
  It's an interesting comment, something that Opti and I, you
• 1:01:49
  know, on my channel and simply Bitcoin, we've never said
• 1:01:52
  anybody should leverage trade their Bitcoin.
• 1:01:54
  So again, I personally don't see how somebody can lose money by
• 1:01:59
  being bullish on Bitcoin. Like if you have your next three
• 1:02:02
  to six month of expenses like covered, like you're golden.
• 1:02:07
  I don't know how you can lose money by being bullish on
• 1:02:10
  Bitcoin because we never say leverage trade your Bitcoin.
• 1:02:12
  This isn't the power law guys teaching you how to multiply
• 1:02:16
  your Bitcoin stack. They literally have trading
• 1:02:19
  courses on this. OK, don't touch that.
• 1:02:22
  We say buy Bitcoin, put it in self custody.
• 1:02:25
  Don't do anything else. Don't listen to the trading
• 1:02:27
  gurus. They're trying to take your
• 1:02:29
  money. So again, caveat there.
• 1:02:31
  I I don't see how we could lose anybody, any money ever.
• 1:02:34
  We are scamming people into profits by buying Bitcoin.
• 1:02:38
  And I actually think I've said this for years as well.
• 1:02:41
  More money will be lost by the bear tarts than the bull tarts.
• 1:02:46
  So people are going to lose more money in the long term by being
• 1:02:50
  a little bit bearish on Bitcoin, trying to hedge, trying to get
• 1:02:53
  cute, trying to time the market. And I think when the history
• 1:02:56
  books are written, the bulls will make the most money.
• 1:03:00
  Again, not leveraged trade bulls, that's moronic.
• 1:03:03
  But the people trying to hedge and wedge and look at models,
• 1:03:06
  they're going to lose money because we've already seen it
• 1:03:09
  play out in Nigeria. All of the power Law Bros, they
• 1:03:13
  sold Bitcoin when it reached the top of the Nigerian naira on the
• 1:03:17
  power law model. What's happened?
• 1:03:19
  Bitcoin's gone up 10X and they've been wrecked, all been
• 1:03:22
  sidelined. Same thing in Pakistan, same
• 1:03:24
  thing in Sudan, same thing in Argentina with the Argentinian
• 1:03:27
  peso and the Turkish lira. All of the power laws are being
• 1:03:30
  destroyed. So again, caveats out of the way
• 1:03:33
  short term. I think the one chart that I
• 1:03:36
  look at that's kind of interesting.
• 1:03:37
  Now again, I never talk about trading, but personally like 50
• 1:03:41
  week moving average, that's kind of interesting.
• 1:03:43
  Typically when Bitcoin is below the 50 week moving average, like
• 1:03:48
  all of my income that is not Bitcoin, I personally just kind
• 1:03:51
  of leave it on the sideline and I'll reallocate when we reclaim
• 1:03:57
  50 week moving average or when Bitcoin reaches the 2200 day
• 1:04:02
  moving average, which is typically marked the lows of
• 1:04:06
  bear markets. So I mean, 3 or 4 weeks ago, we
• 1:04:09
  were kind of like sitting on the edge of 100.
• 1:04:12
  This was just after the JP Morgan manipulated flash crash
• 1:04:16
  on October 10th. We lost the 50 week moving
• 1:04:19
  average and I was like, oh, that's kind of suspicious.
• 1:04:23
  I'll wait until that gets reclaims before any the incoming
• 1:04:27
  Fiat that I do have gets shovelled into Bitcoin.
• 1:04:30
  Until then, I'm kind of more on the side and just kind of a
• 1:04:34
  little bit more wait and see. Again, I'm still balls deep
• 1:04:37
  Bitcoin. I'm still more long Bitcoin than
• 1:04:40
  most people, but like incoming cash flow, it's no longer
• 1:04:44
  getting shovelled straight into the market immediately.
• 1:04:47
  OK. All right.
• 1:04:49
  So, you know, I guess you're, you're, you're stacking Fiat to
• 1:04:54
  buy lower right now or higher or higher.
• 1:04:58
  I guess if we do get some weekly price action.
• 1:05:01
  All right, OK, So Luke's watching the 50 week moving
• 1:05:06
  averages, which I think everyone that has been in Bitcoin for a
• 1:05:10
  long time knows. And currently I, I will agree
• 1:05:13
  with you. I think Nico is right on this as
• 1:05:15
  well. Currently the setup on the week
• 1:05:17
  is it's not looking that hot. You know, we're under the 50
• 1:05:20
  week moving average. The last time we were, we were
• 1:05:22
  there, there it was basically the start of the bear market,
• 1:05:25
  though that was 2021. Now I think there are new
• 1:05:30
  factors playing out. So this is kind of where I'm at
• 1:05:33
  right now. Luke and I showed you this
• 1:05:35
  morning, this is what I've been looking at.
• 1:05:38
  And this is like, you know, my opium, this is me just like
• 1:05:42
  praying, praying that this is playing out exactly how we've
• 1:05:46
  seen it play out before. So again, oh, wait, wrong one.
• 1:05:50
  I like this one. It's like Bitcoin spot crypto.
• 1:05:53
  It's got a lot more data. It's all the exchanges
• 1:05:56
  connected. So currently looking at where
• 1:05:59
  we've been the last couple of days.
• 1:06:01
  This is, you know, the start of the new year.
• 1:06:04
  On January 1st or rather January 2nd, we finally broke through
• 1:06:08
  the 50 day moving average and we were moving up towards this 9394
• 1:06:13
  range depending on where you put your magic lines.
• 1:06:16
  We corrected the last couple of days.
• 1:06:18
  It was actually kind of green this morning.
• 1:06:20
  But currently, you know, we're, we're on the decline a little
• 1:06:24
  bit. But what is interesting is that
• 1:06:27
  the 50 day moving average is holding up damn near perfectly.
• 1:06:31
  Now does this necessarily mean that we are going you know we're
• 1:06:35
  not going to be in a bear market not necessarily when you look
• 1:06:39
  back at what happens in Bitcoin usually when we cross the 50 day
• 1:06:43
  moving average again it's in blue here for you guys watching
• 1:06:46
  on YouTube and rumble and Twitter, but usually when we
• 1:06:50
  cross back over the 50 day moving average is when we start
• 1:06:53
  seeing some bullish action and you can see my yellow crosses
• 1:06:56
  here. This one's technically a death
• 1:06:58
  cross and this one is the golden cross.
• 1:07:01
  So we haven't really seen the golden cross happen on the daily
• 1:07:04
  yet on the daily moving averages.
• 1:07:06
  But if, if we can maintain being held up by this 50 day moving
• 1:07:11
  average and we start to run up towards the 100K, then we're
• 1:07:15
  going to see eventually the golden cross happen probably in,
• 1:07:19
  you know, a few weeks. I would argue maybe maybe like,
• 1:07:23
  yeah, maybe like next week, two weeks if we do see some more
• 1:07:27
  momentum to the upside. Now, this doesn't necessarily
• 1:07:30
  mean that this is, you know, ironclad rule here 'cause we
• 1:07:35
  have seen where it gets over the 50 day moving average and then
• 1:07:38
  it gets rejected by the 200 day moving average and then we're
• 1:07:41
  kind of in this prolonged sideways action.
• 1:07:44
  But usually it holds up pretty, pretty damn well.
• 1:07:48
  You can test back test it. It's not perfect.
• 1:07:51
  It's not a definitive indicator of what's going to happen.
• 1:07:55
  But usually, unless we see something like the, you know,
• 1:07:59
  2020 crash here, which it's not out of the realm of possibility.
• 1:08:04
  Once we start making moves past the 50 day moving average, it's
• 1:08:08
  when things are going to get really bullish.
• 1:08:11
  So I'm holding my hat right now. I'm putting all my faith in the
• 1:08:15
  magic 50 day moving average. If it can maintain holding us
• 1:08:19
  then guys, I think it's rocket boosters.
• 1:08:22
  I I think we're finally going to get the action back in the
• 1:08:25
  Bitcoin. So that's kind of what I'm
• 1:08:27
  watching. I know you guys always control
• 1:08:30
  me and talk about my TA, my chart, Boeing, I did.
• 1:08:34
  I don't trade. I do look at charts kind of to
• 1:08:38
  get an idea of where we are. And on that note, before I pass
• 1:08:41
  it over to Luke, just for the lows here, just just for the
• 1:08:44
  just for sure, we're going to the one minute chart right here.
• 1:08:48
  Watch the one minute chart as Luke goes.
• 1:08:50
  So Luke, do you hold that much faith in, I know you're talking
• 1:08:54
  about the weekly moving averages.
• 1:08:58
  And of course, usually you go from bigger time frames, you
• 1:09:00
  know, and then move to smaller time frames.
• 1:09:03
  So that's kind of why I think I'm looking at the daily moving
• 1:09:06
  averages right now 'cause I, I know what the overall kind of
• 1:09:10
  weekly monthly trends are. They're not looking too hot.
• 1:09:13
  But I'm starting to see that, you know, as all the Wall Street
• 1:09:17
  institutions are telling us, they're basically hinting, hey,
• 1:09:20
  we're going into Bitcoin like we are not going any lower.
• 1:09:25
  They're like the bottom is in. So that's why I've been looking
• 1:09:27
  at the daily movements right here and seeing if this kind of
• 1:09:32
  pivot back up on the daily is, is really an indicator where we
• 1:09:36
  are. So, you know, I'm zoomed in
• 1:09:38
  right now on the daily moving averages, but do you hold much
• 1:09:40
  weight on those? I do.
• 1:09:43
  I I'm like you. I like to watch charts.
• 1:09:46
  I never encourage anybody to trade based on any indicators
• 1:09:50
  because nobody knows where the price is going of this trading
• 1:09:54
  program. We don't have any trading
• 1:09:56
  programs to sell. This is my free trading course.
• 1:09:59
  There you go. More valuable than the power law
• 1:10:02
  trading course. But again, for me, like yes,
• 1:10:05
  short term stuff, I'm watching it very closely.
• 1:10:08
  I think right now what I'm really interested in watching is
• 1:10:12
  there's a lot of like big Youtubers who again, like I
• 1:10:15
  respect, like Ben Cohen has a million subscribers on YouTube
• 1:10:18
  and he's right now waiting for Bitcoin to go to the 200 day
• 1:10:23
  moving average because of the four years Candlestick astrology
• 1:10:28
  and all of the charts that you know, we have three data points
• 1:10:32
  for show that when Bitcoin loses the 50 week, we go to the 200
• 1:10:37
  day moving average, which today's AT55K.
• 1:10:40
  Now again, I am your all cycles will be broken maximalist.
• 1:10:45
  I think this will be broken as well.
• 1:10:48
  And I also am seeing all of the same data that you're looking at
• 1:10:52
  Opti. Maybe it could get broken now
• 1:10:55
  this year. But again, like in the short
• 1:10:57
  term, I'm still super uncertain on where, where the price is
• 1:11:01
  going because I have no idea. But those are just the things
• 1:11:04
  that I'm watching. And the fact that you're
• 1:11:06
  watching Wall Street roll out all of their products in the two
• 1:11:11
  weeks after they crashed Bitcoin deliberately in November, that's
• 1:11:17
  kind of the things that I'm watching and saying, hey, what
• 1:11:20
  do they know that we don't know? And like you also said, since
• 1:11:23
  Jan 1, all of the sell pressures kind of disappeared and all of
• 1:11:28
  the people who are selling them now flip to buyers.
• 1:11:31
  Most of you have probably seen those charts.
• 1:11:33
  So it's all of those type of things that make me watch what
• 1:11:38
  Bitcoin is doing very closely. And, you know, who knows what's
• 1:11:41
  going to happen over the next six months?
• 1:11:42
  But I think a year from now, two years from now, anybody buying
• 1:11:46
  Bitcoin today at 90, they're going to be happy themselves.
• 1:11:49
  Just don't try to get too cute thinking that 80K is coming so
• 1:11:54
  you don't buy. I think a lot of people are
• 1:11:56
  going to do that and they're going to get wrecked because
• 1:11:58
  there's so many big accounts convinced that we're in a bear
• 1:12:02
  market because Bitcoin topped in Q42025I.
• 1:12:06
  I just, I wouldn't be trusting anything.
• 1:12:10
  I would be assigning probabilities to everything.
• 1:12:13
  Yeah, that's that's a good take though.
• 1:12:16
  You know, I, I have such a low IQ that that I can't even
• 1:12:20
  attribute probabilities. The thing I'm just like, this is
• 1:12:23
  what's happening because I said so I am the source.
• 1:12:26
  So this is how I'm making my moves.
• 1:12:30
  But yeah, no, I mean, I, I think that's a fair thing to say.
• 1:12:33
  Like obviously currently, if it, if 2025 taught us any lesson, no
• 1:12:39
  one knows what's happening to the price right now.
• 1:12:42
  I think everyone was bamboozled. No one had any clue what was
• 1:12:46
  actually going to happen. We all had kind of speculations.
• 1:12:49
  We all had ideas of what's going to happen.
• 1:12:51
  Hence why I'm like you. I am, I'm that's why I'm
• 1:12:55
  thinking 2026 is going to be a goat year because of all of the
• 1:13:00
  uncertainty that we saw in 2025. And really the biggest tell to
• 1:13:05
  me is the fact that all these institutions basically
• 1:13:10
  manufactured a drop in Bitcoin so that they can launch their
• 1:13:13
  Bitcoin products at the that local bottom, knowing that, hey,
• 1:13:16
  probably not going to go any lower than it is right now
• 1:13:19
  currently. So to me, I'm like, yo, just
• 1:13:22
  watch what the big money is doing.
• 1:13:24
  As the meme always goes, just follow the money.
• 1:13:26
  What is the money doing? They're launching Bitcoin
• 1:13:29
  products at the ADK low. They're talking about the price
• 1:13:32
  going up, they're talking about inflows.
• 1:13:35
  It's like I think they're, they're not only talking about
• 1:13:38
  it, they're recommending 1 to 4% portfolio allocations to
• 1:13:42
  Bitcoin, which in a percentage terms is not that much.
• 1:13:46
  But in terms of how much capital they actually control, it's
• 1:13:50
  actually a lot of capital that is they're basically allocating
• 1:13:54
  the Bitcoin and this is just the start of it.
• 1:13:56
  So I'm, I'm like, yo, I think it's, I think we're, I think
• 1:14:00
  we're going, I think we're going up.
• 1:14:02
  Like I'm, I'm not like these people that are saying, oh, Q1Q2
• 1:14:06
  is going to be bad. I'm like, I think Q1Q2 is
• 1:14:08
  probably going to be great. Maybe Q3Q4 will be bad.
• 1:14:11
  But then again, the midterms are coming up. the Fed balance sheet
• 1:14:16
  is expanding. I don't know if you guys saw the
• 1:14:18
  Trump stuff, but there's some interesting kind of quips coming
• 1:14:22
  out of Trump. One, they're going to expand the
• 1:14:25
  defense budget by 50% in 2027. They're talking about $200
• 1:14:31
  billion mortgage bonds. They're talking about giving
• 1:14:35
  Greenland citizens 10K to 100K dollars to buy their country.
• 1:14:40
  Do you know where that money's coming from, guys?
• 1:14:42
  Well, quick, you know, TLDR short of it, they are printing
• 1:14:47
  that money out of thin air. The money printer is about to
• 1:14:51
  turn hot. And that's only not even talking
• 1:14:53
  about the fact that they're going to basically have to do
• 1:14:56
  helicopter money for the average American at this point.
• 1:14:59
  So we feel good about what's going on.
• 1:15:01
  I'm like, yo, I've been saying tsunami of money printing is
• 1:15:04
  coming. The the money printing super
• 1:15:06
  cycle is coming It I think it's here.
• 1:15:09
  I think we just saw the beginning.
• 1:15:11
  I think they just started tapping onto it.
• 1:15:13
  So that's so that's my case. I'm I'm bullish.
• 1:15:16
  I think we're going up. I think Bitcoin will and again
• 1:15:20
  we don't do short term shit, but I I think by the end of 2026
• 1:15:23
  Bitcoin will be higher than it is right now.
• 1:15:25
  For me, the only question I have is QT just Enders the balance
• 1:15:30
  sheets kind of like began expanding a little bit.
• 1:15:34
  I am very confident that when it expands a lot, Bitcoin's going
• 1:15:38
  to be the fastest horse for me. I don't know whether that really
• 1:15:41
  quick expansion comes in Q3 or Q4 and I don't know what we see
• 1:15:46
  in Q1 and Q2. That's kind of more where I'm
• 1:15:49
  probably leaning more towards the uncertain side and I'm just
• 1:15:52
  watching all possibilities for now until we get above.
• 1:15:57
  Where's the 50 week at? I think it's at like about 100K.
• 1:16:01
  50 week. Let me see, let me, let me pull
• 1:16:03
  it up. 50 week. If we get back above 100 like.
• 1:16:07
  50 week is one O 1.8. Also a psychological barrier
• 1:16:13
  100. Yeah, that's that's the number
• 1:16:16
  we got to pass. Above 100 I am insanely bullish
• 1:16:20
  for the next 6 months. Let's go all right, good place
• 1:16:25
  to end good place to end. I I said the same thing.
• 1:16:28
  I believe it was yesterday. I'm like like this 9495 K range.
• 1:16:32
  Once we get through that, then it's a hundred 101 and if we
• 1:16:37
  breakthrough 101, it's like game on.
• 1:16:41
  Hey, it might have took it might have been a year late, but I
• 1:16:44
  think that if it does break 101, it's going to RIP violently.
• 1:16:50
  That's my view of what's going on.
• 1:16:52
  So anyways, hold on. I like this trading channel.
• 1:16:57
  This is not training advice. OK?
• 1:16:59
  This is astrology for the boys. OK, This is astrology for the
• 1:17:05
  boys. All right, OK.
• 1:17:07
  All right. Luke, any, any more things you
• 1:17:10
  want to say? Last thing you want to say.
• 1:17:11
  It's good to have you back. You know, we've, we've had a lot
• 1:17:15
  of bearishness on the show, AKA Nico and Nico's gone and we can
• 1:17:19
  get stupidly bullish. So last, last thing.
• 1:17:22
  Or did you get it all out already?
• 1:17:24
  Pause. I think I got it all out.
• 1:17:26
  I think 50. Hey, yo.
• 1:17:28
  Pause. Pause.
• 1:17:30
  Pause on the bullishness. No pause on that statement.
• 1:17:33
  Anyways, I'll, I'll tell you what I mean afterwards.
• 1:17:36
  He doesn't speak, you know, he doesn't speak.
• 1:17:38
  American here. So he doesn't get my jokes.
• 1:17:42
  OK. All right, boys.
• 1:17:44
  Luke, thank you so much. I know you gotta run, but hang,
• 1:17:47
  hang out like 20 seconds after the show, I'm.
• 1:17:49
  I'm gonna wrap up. So guys, if you don't know Luke,
• 1:17:52
  go check him out on Luke Mikic on YouTube.
• 1:17:56
  Also, you can see him troll on Twitter as well.
• 1:17:58
  I believe it's Luke Mikic 21. I believe it is, if I remember
• 1:18:02
  correctly. Do I get a nod, nod, nod?
• 1:18:05
  Luke, is it? Yes.
• 1:18:06
  OK, Luke, make it to 21. All right, guys, it's Friday.
• 1:18:10
  We made it another week. We made it through the first
• 1:18:12
  official week of 2026. Let's see if I'm right moving
• 1:18:16
  into the rest of the year. You know, if, if I am right
• 1:18:18
  guys, then I will I will own the title of your your crypto, your
• 1:18:23
  Bitcoin quant OK, 42 IQ quant financial advisor here.
• 1:18:28
  Actually, I, I won't I I just owned that last one.
• 1:18:31
  OK, I just owned that last name. That's not what I am, but I'll
• 1:18:34
  I'll be your 42 IQ Bitcoin quant for everyone that's asking Nico
• 1:18:40
  and Sophie are at the hospital right now.
• 1:18:42
  I don't have an update yet, but they are about to birth their
• 1:18:48
  second beautiful baby girl. So thoughts and prayers send the
• 1:18:52
  love to them They're they're doing it right now Nico should
• 1:18:56
  be back next week we'll see anyways, on that note, guys,
• 1:19:00
  it's the weekend get outside, get some good food get some sun
• 1:19:05
  get some fresh air call your loved ones, all that good stuff.
• 1:19:08
  All right guys, peace out. Today's episode was brought to
• 1:19:11
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:19:15
  mission to enable financial independence.