Latest / Simply Bitcoin / EXPOSED: Is America silently Adding To The Strategic Bitcoin Reserve? | EP 1443

Transcript

EXPOSED: Is America silently Adding To The Strategic Bitcoin Reserve? | EP 1443 · Simply Bitcoin

• 0:02
  The Trump's are putting on a Bitcoin conference today at Mar
• 0:05
  a Lago, which is raising the obvious question, when will the
• 0:10
  US finally announce that they're buying Bitcoin?
• 0:14
  Well, you better strap in today because we're going to be making
• 0:17
  the case that they are currently secretly buying Bitcoin and have
• 0:22
  been for months. Now.
• 0:24
  We know that sounds crazy, but let's not forget what everyone
• 0:27
  has been talking about since Trump announced We are going to
• 0:30
  become the Bitcoin superpower of the world.
• 0:33
  It's that a nation state arm race is currently underway and
• 0:37
  we are starting to see signs that this is actually in fact
• 0:41
  happening. So I'm going to start with this
• 0:43
  clip from Pantera capital CEO. This just happened a day or so
• 0:47
  ago, and it really does make the case of what we've been saying
• 0:51
  on this show for a while and then I'll I'll I'll actually
• 0:55
  follow this up with some facts. So or rather some data points
• 0:58
  here. Here is the clip, It's a short
• 1:00
  1. I think there will be a global
• 1:05
  arms race for Bitcoin within the next two or three years.
• 1:08
  Countries like the United States are establishing strategic
• 1:11
  Bitcoin reserves. Countries that are aligned with
• 1:14
  us, like the UAE, are acquiring cryptocurrencies, Bitcoin.
• 1:20
  So that's the case, that's the base case here, that ever since
• 1:24
  we came out, or rather the US came out or Trump administration
• 1:27
  came out, that we are going to become the Bitcoin superpower of
• 1:31
  the world. From a game theory perspective,
• 1:34
  from a Mexican standoff perspective here, you would just
• 1:39
  kind of venture to guess that the US is most likely stacking
• 1:44
  Bitcoin. They announced they're going to,
• 1:46
  they're not going to announce every buy, but they're most
• 1:49
  likely buying Bitcoin. And Nico and I have been making
• 1:51
  this case on the show for the last couple of months, said
• 1:53
  they're probably doing that, they just haven't came out and
• 1:56
  actually said we're buying Bitcoin now to follow that up.
• 2:00
  The reason I wanted to play that clip there is because he said
• 2:05
  that countries that are aligned with the US like the UAE and we
• 2:09
  are starting to see this happen. We are starting to see UAE and
• 2:12
  some countries in the Middle East essentially come to the
• 2:15
  table and have very favorable negotiations with the US and the
• 2:20
  Trump administration. Yes, I know we, we are
• 2:22
  potentially might be seeing some skirmishes in the Middle East
• 2:25
  like as we speak right now, but there is seemingly this
• 2:30
  realignment happening in the Middle East, which is what Simon
• 2:33
  Dixon has been saying also, even Tom Longo has been saying,
• 2:35
  saying something very similar. It is that now we may be seeing
• 2:40
  or even Ray Dalio said it. We are starting to see the old
• 2:43
  world and and a new realignment, a new shift happening currently
• 2:48
  as we speak now. This does remind us of what we
• 2:52
  heard Larry Fink say a while ago.
• 2:54
  Remember, the clip said countries in the UAE are
• 2:58
  probably going to be buying Bitcoin.
• 3:00
  We're going to be in this arms race for the next two to three
• 3:02
  years. So let's not forget what Larry
• 3:05
  Fink said basically two months ago.
• 3:08
  I'm not going to play the clip for you guys, but here's the the
• 3:10
  short of it. Larry Fink was on the What is
• 3:13
  his deal book summit, New York Times Summit and he basically
• 3:18
  said that he personally knows sovereign wealth fund in the
• 3:22
  Middle East are currently buying Bitcoin and that's when Bitcoin
• 3:25
  was around 80 K. So in this clip he says, hey, I
• 3:28
  know sovereign wealth funds that have bought Bitcoin at 120 K
• 3:31
  100K and and bought more AT80K. Well, we finally got the SEC 13
• 3:37
  F filing for Q4 and guess what was exposed that in fact
• 3:42
  sovereign wealth funds have been buying Bitcoin.
• 3:45
  Specifically we have two, we have MU Muba, Muba dollar.
• 3:53
  Sorry, sorry guys. Which is a UAE sovereign wealth
• 3:55
  fund and they reported owning 12.7 million shares of IBIT
• 3:59
  valued at $630.6 million as of December 31st.
• 4:04
  So we have one fund increasing their I bit shares or Bitcoin
• 4:09
  exposure by 46% since their September 30 reporting.
• 4:14
  And now we just got some more confirmation that they have
• 4:17
  bought more Bitcoin, which is confirming what Larry Fink is
• 4:20
  saying, which is confirming the theory that since the US came
• 4:24
  out as quote becoming the Bitcoin superpower of the world,
• 4:27
  countries that are aligned with the Trump kind of agenda are
• 4:31
  buying Bitcoin because most likely the US is buying Bitcoin
• 4:35
  as well. Now going further, we have
• 4:37
  another filing from another sovereign wealth fund coming out
• 4:40
  of the UAE which is awarda and they of course also go up a
• 4:45
  regular, you know, increase their I bit shares.
• 4:48
  As of December 31st, they reported owning 8.2 million
• 4:53
  shares in I bit. So that's two data points to
• 4:56
  confirm the idea that a nation states arm race is happening.
• 5:00
  Now of course we're only getting this information because they
• 5:03
  have to report this with the SEC, which is just constantly
• 5:07
  been the theme of like at what point does the US really
• 5:10
  announce that they're buying Bitcoin?
• 5:12
  Do they announce it after they got their bags packed or that's
• 5:16
  probably the best case scenario. Now, going further, Bloomberg
• 5:19
  just reported what the Abu Dhabi fund thinks about Bitcoin, and
• 5:24
  this is further making the case that they're most likely buying
• 5:28
  Bitcoin. So here's the Bloomberg headline
• 5:30
  this morning. Abu Dhabi funds add to Bitcoin
• 5:33
  bets despite crypto route. Now, I'm not going to read the
• 5:36
  whole thing. The only point that I really
• 5:38
  want to read out of this article is this.
• 5:40
  A spokesperson for the Abu Dhabi Investment Council said it's
• 5:45
  building an allocation to Bitcoin as part of a long term
• 5:49
  diversification strategy, which again is exactly what Larry Fink
• 5:53
  said in that clip, that this is not a short term investment,
• 5:57
  this is a long term capital allocation strategy.
• 6:01
  And now we're getting confirmation that that is in
• 6:03
  fact how the Abu Dhabi Investment Council is looking at
• 6:07
  this and going further. They described Bitcoin quote as
• 6:10
  a store of value similar to gold, which is obviously what
• 6:14
  we've heard from the, you know, Larry Fink's Black rocks of the
• 6:18
  world that this isn't just a trade for most people.
• 6:21
  They are looking at the monetary order shifting and they are
• 6:27
  strategically allocating capital to Bitcoin.
• 6:30
  So that's, you know, confirming what we're seeing from the
• 6:34
  Pantera Capital CEO say, hey, there is a arms race happening
• 6:39
  right now. People are actively stacking
• 6:41
  Bitcoin. Now the first part of that is
• 6:44
  when is the US going to buy Bitcoin?
• 6:46
  Now, of course, we don't have any confirmation yet there, this
• 6:50
  is a little speculative. This is our thesis.
• 6:53
  This is our kind of, I don't know, maybe gut feeling here
• 6:56
  that they have to be stacking Bitcoin silently currently.
• 6:59
  And to really add to that confirmation, we also just saw
• 7:03
  this week that the Trump's, or rather the Trump children
• 7:07
  through American Bitcoin mining have stacked 6000 bitcoins.
• 7:12
  So they're upping their, you know, Bitcoin treasury strategy.
• 7:15
  They're acquiring Bitcoin. Now they own 6000 bitcoins.
• 7:18
  So two Trump companies now own thousands of Bitcoin publicly,
• 7:22
  of course. And when you see them doing this
• 7:25
  privately, it's not that big of a leap to think that they're
• 7:30
  very serious about doing this from the US strategic Bitcoin
• 7:34
  reserve level. Now, of course, just to kind of
• 7:38
  confirm this a little bit, we played this on the show couple
• 7:41
  of weeks ago. I'm not going to play it again,
• 7:44
  but both Scott Besson and Donald Trump have very clearly been
• 7:48
  pushing for the, quote, regulatory clarity with the
• 7:51
  Clarity Act. They say it's very important.
• 7:53
  This is on on the top of their agenda.
• 7:55
  They want to be doing this, which is seemingly probably the
• 8:00
  one thing that one data point or the one thing they need for them
• 8:04
  to actually announce that they want to buy Bitcoin, or rather
• 8:07
  that they have been buying Bitcoin.
• 8:09
  It is the. Regulatory clarity to come
• 8:11
  through. And from my kind of speculative
• 8:14
  take on this, you know my, my, my tinfoil hat view of this, it
• 8:18
  seems like they are waiting until the clarity Act gets
• 8:22
  pushed through before we start to see any announcements trickle
• 8:25
  out that they have been secretly buying Bitcoin.
• 8:28
  Whether that's at 120 KA, 100K80K60K it it does seem like
• 8:34
  someone bought the 60 K bottom. Obviously we might go back and
• 8:38
  test that 60K bottom. It could go lower.
• 8:41
  We don't know what's going on, but it does seem like someone
• 8:45
  with conviction, high conviction stepped into the market at 60K
• 8:49
  and are acquiring that Bitcoin. And again, with these 13 F
• 8:53
  filings, we do have some more interesting institutions buying
• 8:57
  Bitcoin, which I think we might do on tomorrow's show because it
• 9:00
  it'll take me a little longer to kind of break this down.
• 9:02
  But to wrap this all up, what are we seeing happening right
• 9:06
  now as we speak, literally as we are doing this show?
• 9:11
  They are having a World Liberty Finance forum right now at Mar a
• 9:16
  Lago. And there was some some early
• 9:19
  clips this morning coming out of Don Junior and Eric Trump.
• 9:23
  The one that's really making the rounds right now is Eric Trump
• 9:25
  is saying, hey, I know for a fact we're going to $1,000,000.
• 9:29
  I've never been more bullish of Bitcoin.
• 9:30
  Yes, the price is down, but that's not our concern.
• 9:34
  He's like, we're going to a million.
• 9:36
  This is the best performing asset in the last 15 years.
• 9:39
  This is where we think the future is going.
• 9:43
  And then Don Trump or Don Junior actually said something kind of
• 9:45
  interesting. And he has echoed these these
• 9:48
  ideas in the past. He's like, look, from our
• 9:51
  family's perspective, we were, and these were his words.
• 9:54
  He's like, we were basically at the top of the Ponzi because we
• 9:58
  could get loans from banks. We, you know, very connected in
• 10:01
  the traditional financial system.
• 10:03
  But ever since we got debanked, we realize that Bitcoin or
• 10:07
  rather crypto is the solution here.
• 10:10
  He said that this one, he literally said the Fiat Ponzi
• 10:13
  this morning. So Don Junior said Fiat Ponzi
• 10:16
  and then Eric Trump says we're going to $1,000,000 best
• 10:19
  performing asset in the last 15 years.
• 10:22
  But here is the kind of announcement that they did for
• 10:26
  this World Liberty Fi Finance Forum.
• 10:29
  He goes today at Mar a Lago. The most powerful leaders in
• 10:31
  crypto, D fi and C fi have gathered for the inaugural World
• 10:35
  Liberty Finance Forum. We are uniting visionaries from
• 10:38
  crypto, Wall Street tech and beyond to shape the future of
• 10:41
  finance free from outdated banks, centralized control, and
• 10:45
  council count. Wow, cancel culture.
• 10:49
  Modern American innovation is taking over, and we couldn't be
• 10:51
  more proud to lead the charge. We saw CZ was there this
• 10:56
  morning. We know Brian Armstrong is
• 10:58
  there. It, it's, it's one of these
• 11:01
  things where it does look like the foundation is being laid
• 11:04
  here. And I, I'm, I'm going to venture
• 11:06
  to guess that very soon we're going to get a Bitcoin buy
• 11:09
  announcement from the federal level under the Trump
• 11:12
  administration. Now I do really kind of want to
• 11:17
  nitpick a little bit on these these speaker topics because
• 11:20
  this really kind of I think in in in my mind at the very least
• 11:26
  starts to expose what the big plan is and, you know, do where
• 11:32
  it's due, you know, credit where it's due.
• 11:33
  Shouts out to our boy market when he's really hit this a long
• 11:36
  time ago, dubbing it the Bitcoin dollar system or the Bitcoin the
• 11:41
  digital Bitcoin dollar. Now let's look at some of these
• 11:44
  some of these titles for these panels this morning.
• 11:48
  And it really goes into what we've been talking about here on
• 11:51
  the show, which is, you know, you can't, there's no stopping
• 11:55
  this train. They got a print.
• 11:57
  But This is why they launched the Genius Act first, because of
• 12:01
  stablecoins. Now there's of course this whole
• 12:03
  debate over stablecoin yield through the Clarity Act.
• 12:06
  So let's look at some of these titles, even though they are
• 12:09
  essentially marketing this as a Bitcoin conference or a crypto
• 12:15
  conference, some of these panels are just to say the least, not
• 12:20
  they don't have the best titles here.
• 12:22
  So literally the very first panel this morning is called
• 12:26
  Strengthening the dollar in the Digital world.
• 12:29
  Is this not the Bitcoin digital dollar theory that our friend
• 12:33
  Mark Goodwin has been saying for a long time?
• 12:36
  This is what me and Nico said. This is why they pushed the
• 12:38
  stable coin legislation first because we know what they want
• 12:41
  to do. They definitely want to export
• 12:44
  the digital dollar around the world.
• 12:46
  That's why they wanted stable coins in first because they
• 12:49
  can't stop this train. They have to print more money.
• 12:52
  They need excess of liquidity. They need to expand the
• 12:55
  liquidity supply. And This is why they really are
• 13:00
  huge fans of stablecoins is because they can export, you
• 13:03
  know, our debt everywhere, get it in areas that could never
• 13:06
  touch the dollars before. Now some of these are like
• 13:09
  whatever, but I do want to double down.
• 13:11
  You know, AI stablecoin, US leadership.
• 13:13
  A lot of this has to do with payment rails, stablecoins, but
• 13:16
  there is one more and it's, it's kind of, kind of interesting who
• 13:20
  the speaker of this one is. And it is later in the day.
• 13:24
  It is going to be at 4:00 later today.
• 13:29
  And it's a fireside chat with Brian Armstrong.
• 13:32
  And it's called the architects of the digital dollar era.
• 13:36
  So if you think that they're just pushing stable coins
• 13:39
  through and they're not stacking Bitcoin themselves, I, I don't
• 13:45
  see, I, I really don't see where your eye is on the ball.
• 13:49
  This is what we've been saying for a while that stable coins
• 13:52
  are essentially like the Trojan horse to get Bitcoin in the
• 13:54
  door. And now we're starting to see
• 13:57
  that they are literally themselves saying the quiet part
• 13:59
  out loud. The digital dollar era, the
• 14:02
  digital dollar system, as we've been saying for a long time,
• 14:07
  this is for better or worse, this, you know, symbiotic
• 14:10
  relationship with the dollar and Bitcoin and in the middle is
• 14:15
  stablecoin. So if you don't think they are
• 14:18
  actively buying Bitcoin right now as they are trying to get
• 14:22
  regulatory clarity in, as their private companies are stacking
• 14:25
  Bitcoin, as some of our allies in the Middle East are also
• 14:29
  acquiring Bitcoin for their sovereign wealth funds, it just
• 14:33
  makes no sense. Literally makes no sense to go
• 14:37
  out there and say, hey, we're going to be the Bitcoin
• 14:39
  superpower of the world. Yes, they have this budget
• 14:42
  neutral constraint, but you don't just say you're going to
• 14:47
  get into Bitcoin and then let your allies and your competitors
• 14:50
  get into Bitcoin and start stacking Bitcoin without you
• 14:53
  yourself stacking that Bitcoin. I think a lot of the uncertainty
• 14:56
  that we're seeing around this is probably playing into their
• 14:59
  hands. And it really kind of leads us
• 15:02
  to what Nico and I have been talking about have been kind of,
• 15:06
  you know, we got a we got some friends that are telling us that
• 15:08
  are very connected, you know, Fortune 500 CE OS saying,
• 15:14
  telling us not not multiple, but they have been telling us that
• 15:18
  this is what's happening. And the idea here is it really,
• 15:23
  it probably makes a lot of Bitcoiners feel uncomfortable
• 15:25
  because, you know, we really did get into Bitcoin from this idea
• 15:29
  of a bottom up revolution. You know, everyone's self
• 15:31
  custodying Bitcoin, you know, the the average everyday person
• 15:35
  saving in Bitcoin, storing Bitcoin in a self sovereign way.
• 15:40
  But as we saw last year, that hasn't taken off.
• 15:44
  People are either afraid of self custody, they don't understand
• 15:48
  self custody or they're just too lazy and and they they don't
• 15:53
  care about self custody. And what we saw last year is
• 15:56
  that the institutions are actively custodying this Bitcoin
• 15:59
  for their clients. And further, they are leading
• 16:04
  the charge right now. One, they have all the capital
• 16:07
  And so hold on, sorry guys. And so the theory is essentially
• 16:12
  that not to say that Bitcoin has been Co opted because I, I
• 16:16
  fundamentally don't agree with that statement.
• 16:18
  And I know you can take this out of context and say that that is
• 16:21
  what's happening. But what we are seeing is that
• 16:24
  currently there is this top down structure happening right now
• 16:28
  where it's the big banks, it's the hedge fund managers, it is
• 16:32
  the sovereign wealth fund, it is the nation state level, it is
• 16:35
  the institution and corporate level that is driving the
• 16:38
  Bitcoin adoption for better or worse.
• 16:41
  And that what we're starting to see is that Bitcoin is being
• 16:45
  driven from a a market first perspective.
• 16:48
  And I think This is why we're seeing the nation states, the
• 16:51
  sovereign wealth funds, the huge asset managers, the banks of the
• 16:55
  world starting to embrace Bitcoin.
• 16:57
  And, and that was kind of our case for a little bit that when
• 17:00
  the institutions got in, we'd expect that the average person
• 17:04
  would kind of look at the authority figures and be like,
• 17:06
  hey, if it's good enough for JP Morgan or BlackRock, then it's
• 17:09
  good enough for me. That just hasn't manifested yet.
• 17:12
  But I think our case has been made here.
• 17:16
  Nico. Yes, maybe I'm reaching,
• 17:18
  connecting some dots that maybe aren't there.
• 17:20
  Maybe I'm speculating a little bit, but I just, I don't see in
• 17:24
  what world that the US government would go out there,
• 17:27
  say all this good stuff about Bitcoin and then not try to
• 17:30
  actively stack Bitcoin and then announce it when they got their
• 17:34
  position filled, when they got everything in place.
• 17:37
  To me, that just makes like that just makes perfect sense.
• 17:40
  You got to wait till the regulatory clarity is fully
• 17:42
  announced before you're like, yeah, actually, you know, we, we
• 17:46
  have a million Bitcoin or even, you know, have doubled our
• 17:49
  holdings in Bitcoin because when they announced that, that's most
• 17:52
  likely, as everyone's been saying, when the price is going
• 17:54
  to RIP so. I mean.
• 17:57
  I think it's, I think it's a safe.
• 17:58
  Bet at this point, I, I, I said it the other day on the show and
• 18:03
  I was telling you guys, I said like, look, I'm highly confident
• 18:08
  that the Trump admin has been buying Bitcoin and they just
• 18:14
  haven't been public about it. They just haven't made their
• 18:17
  public announcement, and I'm sticking by that statement.
• 18:21
  I mean CZ at the White House. Well, not just at White, he's
• 18:26
  literally at Mar a Lago. As we speak.
• 18:28
  At Mar a Lago, not only that, you had Saylor kind of creeping
• 18:32
  the other day on Instagram and Ivanka's, you know, Ivanka's
• 18:37
  post, all the signs are there. Like why do you think CZ and
• 18:43
  Michael Saylor are hanging out with the Trump's?
• 18:45
  Like do you think it's just, you know, to to socialize and, you
• 18:50
  know, to, you know, wine and dine and just have a great time?
• 18:54
  Like no, like these are, you know, and I say this in a good
• 18:57
  way. These are some of the most, you
• 19:03
  know, sophisticated businessmen in the world.
• 19:08
  They're not there for socializing.
• 19:10
  They're not there for, you know, to hang out with the Trump's.
• 19:13
  Like, they're there for one reason and one reason only.
• 19:18
  They want their bags to go up. That's why they're there.
• 19:22
  Like, let's be blunt here. Like why CZ at Mar a Lago?
• 19:27
  Why is he there? Do you think it's just just to
• 19:30
  have a just have lunch with Trump?
• 19:32
  Like no, why did sailor go tomorrow Lago?
• 19:35
  Like do you think it was just to have lunch with Trump?
• 19:37
  Like no, like why was sailor hanging out with the Trump's the
• 19:40
  other day? Like when we saw the pit, we we
• 19:42
  discovered the picture with Ivanka on Ivanka's Instagram.
• 19:45
  Like do you think that's just like, you know, like
• 19:49
  coincidence, like not only that, you know, the Trump's own the
• 19:52
  6th largest Bitcoin treasury company in the world.
• 19:56
  Eric Trump is announcing that his Bitcoin treasury company is
• 20:01
  buying 6000 Bitcoin like continuously, like regardless of
• 20:05
  the bear market. The bear market continues to go
• 20:08
  it. It continues to play out and.
• 20:11
  He's still admitting that they're buying Bitcoin.
• 20:13
  Like, do you think like all of that is just happening by mere
• 20:18
  happenstance and coincidence? And it's just like, you know, of
• 20:21
  course none of that is is coincidence.
• 20:24
  Like none of that is just happening because it's
• 20:26
  happening. All of that is happening because
• 20:30
  they're trying to lobby for a specific outcome.
• 20:33
  Like they want the White House, they want the United States
• 20:37
  government to buy Bitcoin, and that's really what's going to
• 20:40
  take Bitcoin to these new heights.
• 20:42
  That's really what's going to take Bitcoin to half $1,000,000
• 20:46
  or $1,000,000 per coin. And I think I really believe
• 20:50
  that's going to happen in Trump's second term.
• 20:53
  Like I, I would say that Trump's president, Trump's second term
• 20:58
  would be a failure if that didn't happen.
• 21:01
  And all the signs are pointing that it's going to happen.
• 21:05
  And again, it it for everyone who's kind of upset with like
• 21:09
  the price depression, like think about what happened last year.
• 21:12
  Like last year, every time Bitcoin was having a, a pump,
• 21:17
  Trump would fat finger on truth social the next day, say some
• 21:21
  crazy shit about tariffs. And then the price would crack
• 21:24
  like 20%. And then the next day he would
• 21:26
  say, ah, you know what? The price is going to go back up
• 21:29
  again. Like you don't think that, you
• 21:31
  know, he was barren. Trump, you know, was, was doing
• 21:35
  some trades before or, you know, any of those posts were going
• 21:39
  out. At the end of the day, no one's
• 21:41
  better than their incentives. And if the Trump family is
• 21:45
  betting a huge portion of their fortune on the future success
• 21:50
  and future price appreciation of the price of Bitcoin, like, it's
• 21:55
  not that crazy to say that it's just a matter of time before
• 22:00
  they make it this announcement. I mean, you know, the head of
• 22:03
  commerce, Howard Leupnick, he went on Anthony Pompliano's
• 22:08
  podcast. It was a very famous episode
• 22:10
  where he bluntly said it. He said the choir part out loud.
• 22:13
  He's like, look, I'm going to be buying 10s of millions of
• 22:16
  dollars worth of Bitcoin. Then I'm going to be buying
• 22:18
  hundreds of millions of dollars worth of Bitcoin.
• 22:20
  I mean, that's the head of. Commerce for the United States,
• 22:23
  like every time Trump signs a pro Bitcoin bill, you have him
• 22:28
  like in in the background, right?
• 22:30
  Like that's not just mere coincidence.
• 22:33
  That's not just mere happenstance.
• 22:35
  That's none of that. That's just happening and
• 22:37
  they're just OK with Bitcoin being 50% lower than when it was
• 22:43
  when Bitcoin when, when Trump was sworn into office.
• 22:45
  Like like none of this stuff is just happening to happen.
• 22:49
  Like I think they're waiting for the most opportune time for them
• 22:54
  that I this is where you can talk about the, the morality of
• 22:58
  everything, but I think that they're waiting for the most
• 23:01
  opportune time for them to make the major announcement that the
• 23:06
  Trump fam that that, that the United States government has
• 23:10
  been actively accumulating Bitcoin.
• 23:13
  And that is the only announcement right now where we
• 23:16
  we currently are in the movie that is actually going to make
• 23:22
  the price explode to the upside. I don't think the Clarity Act
• 23:27
  being announced as it being signed into law is really going
• 23:31
  to make a big bump in the price. I don't think any major
• 23:36
  announcement of this bank or this sovereign wealth fund
• 23:40
  buying Bitcoin. I don't think it's going to, I
• 23:42
  don't think it's going to move the needle whatsoever.
• 23:44
  But you know what is going to move the needle?
• 23:47
  You know what is going to shake things up?
• 23:49
  You know, what is going to move things in the right direction is
• 23:53
  the United States government not only announcing, announcing that
• 23:57
  it's a Bitcoin capital of the world, but them also announcing
• 24:01
  that, hey, guys, guess what? the US government has been
• 24:06
  actively buying Bitcoin. And I think at that point, you
• 24:12
  know, it's a race. It's a race.
• 24:14
  And the countries Wall Street is going to realize that Bitcoin
• 24:18
  does have absolute scarcity. And I, I, I think you're going
• 24:22
  to see a price explosion the likes of which we've never seen
• 24:26
  before, because it will, it will, you know, it will really
• 24:29
  shake countries. It will really shake the world
• 24:33
  to the bone because the way that banks, central banks see Bitcoin
• 24:38
  is they don't see Bitcoin as gold.
• 24:40
  But the moment that the United States government is making this
• 24:43
  type of announcement, it's kind of like a validation.
• 24:46
  It's a legitimization of Bitcoin as a commodity, as an asset.
• 24:52
  And, you know, I think it's inevitable this happens.
• 24:56
  The right incentives are there for this to happen.
• 24:59
  And I don't think it's a matter of if.
• 25:01
  I think it's a matter of when, right?
• 25:04
  That's my personal opinion on all this.
• 25:07
  I could be totally wrong. But I mean, like all the signs
• 25:11
  are there. Like all the signs are there.
• 25:13
  Like the Trump family keeps buying Bitcoin.
• 25:16
  They are. They own one of the largest
• 25:18
  Bitcoin treasury companies. You have CZ at Mar a Lago.
• 25:21
  You have Michael Saylor at Mar A Lago.
• 25:23
  You have Michael Saylor at, you know, Trump's like family
• 25:27
  events. You have them like kind of
• 25:28
  lurking in the background. And also another thing you guys
• 25:31
  think that they just. Most these pictures and they
• 25:34
  don't know that Michael Saylor's in the background like I, I, I,
• 25:38
  I doubt it. I doubt it.
• 25:39
  There's no conspiracies. Like that?
• 25:43
  I, I don't think so. Out of everyone lurking in the
• 25:46
  background, you think it's Sailor that got caught in 4K?
• 25:48
  Do you think Sailor waited for the right opportune moment?
• 25:52
  And then he's like, oh, they're about to take a picture like,
• 25:54
  you know, like. No, I I don't think sailor would
• 25:56
  have took that picture. Dude, he looked like a full
• 25:58
  artist chut in the he's like, I think he got I I think it was by
• 26:05
  accident, but hey, I I'm here for it.
• 26:08
  Any who, it's going to be a great show, ladies and
• 26:11
  gentlemen, we have tons to cover.
• 26:12
  Today we got some videos Mondami of New York doing exactly what
• 26:20
  we predicted he was going to say.
• 26:21
  We're going to be talking about something called the Laffer
• 26:24
  curve, which is. You know.
• 26:28
  We'll. We'll get into it and then the
• 26:30
  Clarity Act is up to 76% that it's going to pass.
• 26:36
  This is this is higher than when we were when we first started
• 26:40
  talking about it. A couple days ago it was at 63%.
• 26:44
  It's now currently at 76% that it's going to pass.
• 26:50
  And then there's this very. Interesting graphic released by
• 26:53
  River Financial regarding the change in Bitcoin ownership.
• 26:58
  It seems like it's moved from individuals back to businesses,
• 27:03
  back to funds and ETFs and back to government.
• 27:06
  Government. So it seems like there's a
• 27:08
  change, there's a changing of the guard in terms of Bitcoin
• 27:12
  ownership, and we're going to be discussing whether that's a good
• 27:15
  thing. Or a bad thing anyways, it's
• 27:18
  going to be a a great show. You guys are going to want to
• 27:21
  bunker in you know, sit back, relax, enjoy the ride grab your
• 27:25
  favorite beverage. You are listening to simply
• 27:28
  Bitcoin, the most watched daily Bitcoin live show on planet
• 27:31
  earth. If you guys are watching us on
• 27:32
  rumble, make sure to smash that like button.
• 27:34
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• 27:36
  Smash that like button. And of course, if you're
• 27:38
  watching. US on YouTube.
• 27:39
  Make sure to smash that like button.
• 27:43
  All right, everybody, let's get the party started.
• 27:46
  Let's jump into today's show. We're going to be right back
• 27:48
  just a bit. Today's episode is brought to
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  you by Bitcoin Well Infinite. If you're a serious Bitcoin
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  se-ed.com store. All right everybody, we are
• 30:01
  back. At the time of recording, the
• 30:03
  Bitcoin price is $67,100 Sats per dollar 1490 Block height
• 30:09
  937,269 Realize monetary inflation .83% market cap 1.34
• 30:17
  trillion Bitcoin versus gold market cap 4.48% Percentage
• 30:22
  issued 95.19% Graham scheme of things, we are just getting
• 30:27
  started anyways, as predicted, let's talk about our.
• 30:32
  Boy. No, wait.
• 30:34
  Not our boy. I mean, I, I said that kind of
• 30:37
  like jokingly. Let's talk about.
• 30:40
  Wait wait, I just saw that comment.
• 30:42
  Let's talk about our boy Mondami.
• 30:45
  Right. Wait, wait, wait, wait.
• 30:46
  No, keep calling. Sorry.
• 30:47
  So Mondami got elected. In, in New York, I actually love
• 30:51
  New York City. I think it's one of the best
• 30:52
  cities in the world. And, you know, he got elected
• 30:56
  because he ran on a very popular message.
• 30:58
  And his message was basically like, if you vote for me, I will
• 31:02
  make things cheaper. I will, you know, subsidized the
• 31:08
  bus, so the bus is going to be free, rents are going to go
• 31:11
  down, we're going to freeze rents and everything's going to
• 31:13
  be thing. And like we told you guys right
• 31:16
  from the beginning, like none of this stuff, all this stuff has
• 31:20
  to be paid for in some way. Like just 'cause you say
• 31:23
  something is free, somebody else has to pay for it.
• 31:27
  Like ultimately somebody pays for things, right?
• 31:31
  And you know, again, like they've, we've been running this
• 31:35
  playbook for like a. 100 years and it seems to continue to work
• 31:39
  right but. Money doesn't grow on trees.
• 31:43
  The money printer gives that illusion though, right?
• 31:46
  The money printer gives the illusion that money could come
• 31:50
  out of nowhere, right? But it doesn't.
• 31:52
  Money doesn't come out of nowhere.
• 31:54
  And when they just print money just to fun things, that causes
• 31:58
  currency debasement. Currency debasement causes more
• 32:01
  wealth inequality, causes things to actually get more expensive
• 32:05
  for the people that are saving and earning.
• 32:07
  In. That said, currency, really the
• 32:10
  only people that get wealthier when they print money is the
• 32:15
  government and the wealthy because the wealthy have their
• 32:18
  asset, their their wealth parked in assets which actually do
• 32:22
  benefit from inflation. So we we told all of you guys
• 32:27
  this was going to happen with Mandami getting elected.
• 32:30
  The thing is, of course you're going to vote for Mondami
• 32:33
  because Mondami was saying the right things like rent is too
• 32:36
  expensive, which he's 100% right about.
• 32:40
  And he's like these things like you should be a four, you should
• 32:43
  be able to live with dignity and and etcetera, etcetera.
• 32:47
  Like all of those talking points are 100% correct.
• 32:50
  Like he's right where he got it wrong is the solution.
• 32:54
  Like his solution is top down wealth redistribution via the
• 32:59
  government, right? That has been tried and tested
• 33:05
  so many times throughout the last century.
• 33:08
  It just doesn't work. We got a lot of heat for us
• 33:12
  talking about this specific comment and the last videos.
• 33:15
  You guys are like, you guys are just megatars and you guys are
• 33:18
  just taking like a, a, a, a, a point of view, a perspective.
• 33:21
  And I'm like, and I'm like, dude, like, no, like, no, it, it
• 33:24
  just has nothing to do with right or left because the right
• 33:27
  does the same thing when they're in when they're in power, they
• 33:30
  use the money printer to enrich their friends or to fund war.
• 33:34
  Like the, the, the fundamental issue here, the reason rents
• 33:38
  keep getting more expensive is because they keep printing more
• 33:42
  money, right? So I want you guys to actually
• 33:47
  look at what the correct solution is to this, right?
• 33:51
  So that this becomes eventually I'm going to say it, Opti, maybe
• 33:55
  we're like a little bit ahead of the curve.
• 33:57
  Eventually this becomes a political movement, right?
• 34:01
  The solution to rent being unaffordable, life being
• 34:06
  unaffordable is opting out of broken money.
• 34:11
  And if enough people opt out of broken money, the system fixes
• 34:16
  itself, right? If you've been saving and
• 34:19
  earning in Bitcoin, everything around you has been getting
• 34:22
  progressively cheaper over time. If you've been saving and
• 34:26
  earning in Fiat, yes, rents are getting more expensive, food is
• 34:32
  getting more expensive. But the solution to that is not
• 34:36
  a political solution. It's not a solution where, oh,
• 34:39
  I'm going to vote this person in and then this person is going to
• 34:43
  fix all my problems. We've tried that.
• 34:45
  In fact, I I had a very bad experience with the Trump
• 34:48
  administration. You know, kind of coming in.
• 34:51
  And saying, listen, we're going to fix all these things.
• 34:53
  And it's like he's done a great job on a lot of things, but on a
• 34:56
  lot on another, a lot of other things, there's things that
• 35:00
  Trump has done that I don't like, right?
• 35:03
  So it's like this idea of placing your hopes and dreams on
• 35:08
  a popularity contest, I think is an outdated idea.
• 35:13
  And I think it's time to try something new, right?
• 35:16
  It's time to try something new. And what is that something new?
• 35:22
  It's separating money from state.
• 35:23
  But it's not a top down movement.
• 35:26
  It's a bottom up movement. It's about you, the individual,
• 35:30
  deciding that you want to reclaim back your financial
• 35:33
  sovereignty, you want to reclaim back your energy and opt out of
• 35:38
  the Fiat monetary system into something that actually protects
• 35:42
  and values your time, which is Bitcoin, right?
• 35:46
  Anywho, let's play some of these clips and then I'm going to
• 35:49
  continue to say we told you so. So let's check out this this
• 35:52
  first clip of Mondami and then I have some other ones.
• 35:57
  For those who have watched budget after budget, it is
• 35:59
  tempting to assume that we are engaging in the same dance as
• 36:02
  our predecessors. Let me assure you, nothing about
• 36:06
  this is typical. That's why our solutions won't
• 36:09
  be either. There are two paths to bridge
• 36:11
  this gap. The 1st is the most sustainable
• 36:15
  and the fairest path. This is the path of ending the
• 36:18
  drain on our city and raising taxes on the richest New Yorkers
• 36:21
  and the most profitable corporations.
• 36:24
  The onus for resolving this crisis should not be placed on
• 36:27
  the backs of working and middle class New Yorkers.
• 36:30
  If we do not fix the structural imbalance and do not heed the
• 36:33
  calls of New Yorkers to raise taxes on the wealthy, this
• 36:36
  crisis will not disappear. It will simply return year after
• 36:41
  year, forcing harder and harsher choices each time.
• 36:45
  And if we do not go down the first path, the city will be
• 36:48
  forced down a second, more harmful path.
• 36:51
  Faced with no other choice, the city would have to exercise the
• 36:54
  only revenue lever fully within our own control.
• 36:58
  We would have to raise property taxes.
• 37:01
  OK, so here's here's the problem.
• 37:05
  All right, so I'm going to, I'm going to talk to you guys about
• 37:09
  the Laffer curve, right? So here's the thing.
• 37:15
  Government doesn't produce anything, right?
• 37:18
  So government is not productive. It it it takes, but it doesn't
• 37:22
  produce, right? That's the keyword.
• 37:24
  It takes, but it doesn't produce.
• 37:27
  So how does government get its income?
• 37:32
  Well, it has to get it through tax revenue.
• 37:34
  Now here's the thing. It's very.
• 37:36
  Easy for a politician to say hey, I'm going to give you all
• 37:39
  of these quote UN quote free things The the reality is that
• 37:44
  they're not free that there's a certain tax base that is paying
• 37:50
  for it Now here's the uncomfortable truth right with
• 37:55
  these politicians never talk about including Mondami right.
• 37:59
  This is why I keep telling you guys it's time to try something
• 38:02
  different Here's the uncomfortable truth.
• 38:06
  The vast majority of income tax is paid by the very wealthy.
• 38:14
  The very wealthy are the ones who pay for most of the income
• 38:19
  tax. And what he's basically saying
• 38:22
  is we need to raise the tax even more on the very wealthy to pay
• 38:28
  for all these things. Now, here's the thing, and This
• 38:31
  is why I want to talk about the Laffer Curve.
• 38:34
  The problem is that if you raise the taxes on the very wealthy,
• 38:39
  the very wealthy have the means to get up and go.
• 38:45
  So when you hear Tesla basically saying, hey, we're, we're, we're
• 38:50
  changing the location of our headquarters to Austin, TX.
• 38:57
  Or when you hear Palantir, for example, they made the
• 39:01
  announcement this morning basically saying we're making
• 39:04
  our headquarters in Miami, FL. And when you hear about the mass
• 39:09
  exodus of millionaires leaving California, New York to go to
• 39:14
  Texas and Florida, those millionaires aren't leaving for
• 39:19
  ideological reasons. They're leaving for one reason
• 39:23
  alone, taxes. And what happens when the
• 39:29
  primary tax base that is funding everything leaves?
• 39:36
  You end up with the lower tax base and the politician has no
• 39:41
  choice. But to do what?
• 39:44
  Raise taxes on the people that don't have the means to leave,
• 39:49
  AKA the middle class. We've seen this.
• 39:53
  Play out time and time and time and time again and what we hope
• 39:59
  at Simply Bitcoin is that you guys don't continue to fall for
• 40:04
  the bullshit because. This isn't a.
• 40:07
  Political solution You have to understand the politicians
• 40:10
  benefit from this system. The solution is an opt out
• 40:14
  solution. I promise you that if you opt
• 40:16
  out and you start saving and earning in Bitcoin, life around
• 40:20
  you will get progressively cheaper over time.
• 40:24
  It's a much it's a much better progressive solution than this
• 40:29
  tax. Let's tax the rich.
• 40:32
  Breaking news the rich will get up and leave.
• 40:35
  Breaking news the rich have been getting up and leaving, right?
• 40:39
  So here's the Laffer curve and economics.
• 40:41
  The Laffer curve illustrates A theoretical relationship between
• 40:45
  rates and taxation and the resulting levels of the
• 40:48
  government's tax revenue. The Laffer curve assumes that no
• 40:52
  tax revenue revenue is raised at the extreme rates, 0 and 100%,
• 40:58
  meaning that there is a tax rate between 0 and 100% that
• 41:02
  maximizes government tax revenue.
• 41:05
  And here is like a, a, a visual representation of just that,
• 41:09
  right? So if you raise the taxes too
• 41:11
  high, guess what happens? People start leaving and
• 41:15
  actually you're going to end up with less revenue if you raise
• 41:18
  the taxes too low, which I don't believe in that, but whatever.
• 41:21
  Let's take this as an example. You're not going to maximize
• 41:25
  the, the, the amount of revenue that the government can take in,
• 41:29
  but there's a perfect medium in between, right?
• 41:34
  And we'll give you real life examples of this.
• 41:37
  So Norway's lesson for Europe on wealth taxes, let some
• 41:41
  millionaires go. So this has like an ideological
• 41:44
  slant, but basically what happened is Norway announced A
• 41:51
  wealth tax, an annual levy that has driven hundreds of
• 41:55
  millionaires abroad while underpinning one of the world's
• 41:59
  most equal societies. It goes on to say with the
• 42:02
  wealth tax dating back to 1892 and a culture of openness that
• 42:06
  allows citizens to view the tax returns of others, Norway has
• 42:09
  more experience than than most in squeezing the rich.
• 42:13
  It's model offers lessons for countries debating similar
• 42:16
  moves. The key take away?
• 42:19
  A wealth tax will scare off some millionaires.
• 42:21
  But it's set. If set broadly, revenues could
• 42:24
  still be worth it. Here's what the article is
• 42:26
  refusing to say. Because it has an ideological
• 42:29
  band. Because it is Reuters, after
• 42:31
  all, When they impose that wealth tax in Norway.
• 42:36
  Norway actually ended up with less tax revenue than if they
• 42:41
  didn't. Impose the the the the wealth
• 42:44
  tax, right? So anyhow, moving on.
• 42:48
  So I played you guys the clip of Mondami and I I found this meme
• 42:51
  perfect and I think it summarizes everything that I'm
• 42:53
  saying. So he says there's two paths
• 42:56
  ahead path a path one, our goal increase personal income taxes
• 43:02
  on New Yorkers earning more than 1,000,000 and corporate taxes on
• 43:06
  most profitable corporations. And the drain by fixing the
• 43:10
  imbalance between the city provides New York State and what
• 43:14
  we receive in return. That's number one, right?
• 43:18
  So he's saying, listen, it's only on people that are earning
• 43:20
  $1 million or more. Path to our last resort.
• 43:25
  Raise property taxes, draw down reserves, including the rainy
• 43:29
  day fund and the retiree health benefits trust fund.
• 43:33
  And here's what what that, what this person is saying, what
• 43:36
  Quinn is saying, Hey, path 3, everyone moving to Florida.
• 43:44
  Right. So like, I don't know, Opti,
• 43:48
  I'll pass it on to you. What do you think?
• 43:50
  Well, I mean, get a good breakdown.
• 43:53
  I, I like we said this was going to happen.
• 43:57
  You know, play stupid games, win stupid prizes.
• 44:00
  You know New York elects A socialist mayor.
• 44:04
  Literally no more than 45 days later, they realized like, hey,
• 44:10
  we're running out of the money, So what are their planned
• 44:12
  proposals? Like, let's just figure out ways
• 44:14
  to steal more money. It's it's like it's poetic
• 44:19
  because we knew this was going to happen and the very people
• 44:22
  that voted in mom, mom dummy, which is like, you know, middle
• 44:25
  class, just like an average person.
• 44:29
  Maybe they're a little more left-leaning, a little more
• 44:31
  progressive liberal. They're like, let's let's change
• 44:35
  something here. Let's get this guy in.
• 44:37
  He's got some progressive ideologies, some progressive
• 44:40
  thoughts here. Maybe he's going to be able to
• 44:43
  change and and correct the course or correct the ship of
• 44:46
  New York because, you know, they're they're having troubles
• 44:49
  because of policies like this. So they went to the the worst
• 44:52
  extreme possible. And then literally like even his
• 44:56
  two point plan, it's like, OK, well, basically we want to tax
• 45:01
  the rich. You know, we're going to tax the
• 45:02
  billionaires and the corporations.
• 45:05
  And then the second plan, which is like, we don't want to do
• 45:09
  this, is like we're going to raise property taxes, which is
• 45:12
  literally going to hurt the very people that voted him in.
• 45:16
  It's like, guys, we've seen this play out.
• 45:19
  A bunch of times in the last 100 years and every time it ends the
• 45:23
  exact same way. They just start.
• 45:26
  Coming for your money, they start raising taxes.
• 45:29
  They essentially try to fleece as much as possible from the
• 45:33
  average person and it literally took them 45 days like.
• 45:37
  It happened a lot quicker than we thought it would.
• 45:40
  We thought it might be like 6 months, nine months.
• 45:43
  It happened in basically a month and a half, exactly what we said
• 45:47
  was going to happen because it's just simple.
• 45:49
  If you understand history, if you understand a little bit of
• 45:52
  history, you knew that this was going to happen exactly like
• 45:56
  this. It's just it is insane how
• 45:58
  quickly it happened which. Could be attributed to just how
• 46:01
  fast you know the Internet and the digital world works.
• 46:06
  But I haven't really seen much of the cope from people that
• 46:08
  voted them in. Maybe they still think this is a
• 46:10
  good idea. Maybe they still think like, oh,
• 46:12
  well, this is actually going to help us.
• 46:14
  But in reality, you know, they're, they're still thinking
• 46:17
  that, hey, let's tax the billionaires, let's tax the
• 46:19
  corporations, let's raise the property taxes on the land
• 46:22
  owners. But what's going to happen to
• 46:24
  people everyday people? Your rent's going to increase,
• 46:28
  you're going to be poorer because of this stuff.
• 46:31
  And and further the other thing, it's like, let's let's raid the,
• 46:34
  you know, New York rainy day fund.
• 46:36
  So it's like they're already running out of money.
• 46:38
  They're already looking at how to get more money out of people.
• 46:42
  This has been speed tracked, you know, lightning pace, speed run
• 46:48
  on. How bad these policies?
• 46:50
  Actually are. And remember, he ran on this
• 46:53
  idea of, hey, everything's going to be free.
• 46:55
  You're going to get all this good stuff.
• 46:58
  And 45 days later, he's already basically saying like, look,
• 47:02
  sorry, middle class, sorry, you know, everyone that voted in,
• 47:07
  voted me in. We're, we're probably going to
• 47:11
  have to increase rent without actually saying we're going to
• 47:13
  have to increase rent because of course.
• 47:15
  It's it's a bad boogeyman land owners, it's a bad billionaires,
• 47:18
  it's a bad corporations. But where do you think that
• 47:22
  where, where, where do you think they're going to, you know,
• 47:25
  divert the cost? Where, where do you think
• 47:26
  they're going to put the cost down?
• 47:27
  It's to the people that are voted him in.
• 47:30
  It's just, it's insane, like. You'd think people would
• 47:33
  understand that this hurts them and and yet they they just keep
• 47:38
  voting this stuff in. It's nuts.
• 47:40
  So this is one of my favorite websites just to kind of give
• 47:44
  you guys like an example. So this website is called price
• 47:47
  in Bitcoin. Seems like they updated the UI.
• 47:51
  Looks really really awesome, but essentially you.
• 47:56
  Compare. This website with Bitcoin right
• 48:01
  so if you price other than gold, which is absolutely tearing us a
• 48:05
  new one right now except on the 10 year end of things but if
• 48:10
  you. Price.
• 48:12
  A A, A, A medium house in Bitcoin over the last three
• 48:17
  years, you would actually get that house on a 76% discount.
• 48:22
  The last five years, you'd get it at a 50% discount.
• 48:25
  Over the last 10 years, you'd get it at a 99% discount.
• 48:29
  Treasuries, same story. Gold is really the only out
• 48:33
  performer, but I think it's just because we're at the pits of a
• 48:36
  bear market. But over a 10 year time scale,
• 48:41
  again, the gold, the Bitcoin is taking gold to school and look
• 48:45
  at Fiat. I mean over a five year time
• 48:48
  scale or three-year time scale, better said, you know, your
• 48:52
  dollar is essentially worth 63% less than Bitcoin, right?
• 48:58
  And this goes to everything, ladies and gentlemen, like you
• 49:01
  have the S&P 500 over the last 10 years, it's worth 97% less,
• 49:06
  NASDAQ 196% less, total international stock market, 98%
• 49:12
  less. And it just keeps going and
• 49:15
  going and going, right. So this is the point I'm, I'm
• 49:18
  trying to make is that if you switch to a Bitcoin standard,
• 49:22
  let's focus on real estate 'cause that's what I was, that's
• 49:25
  what I was talking about the most.
• 49:30
  Things get cheaper if you live on a Bitcoin standard.
• 49:32
  And this is a much better solution than this bullshit,
• 49:39
  right? Like, yeah, I get he has a good
• 49:41
  smile. Like, yeah, I get he makes dope
• 49:44
  videos. But it's like, what it what were
• 49:46
  me and Opti telling you? Like, when this guy was it?
• 49:49
  Like, it it like, it, it's, it doesn't, it's not like rocket
• 49:53
  science. Guys like Opti and I were
• 49:55
  telling you something very, very simple.
• 49:57
  We were saying like, OK, he's just going to raise taxes.
• 50:02
  Initially he's going to say this is what happened in 1913, by the
• 50:05
  way, and 1913 when they established the federal income
• 50:09
  tax, they said it was only going to be for the rich, right?
• 50:12
  Or it was only going to be for rich people.
• 50:15
  Guess what ended up happening and ended up being for
• 50:17
  everybody, right? And it's the same thing here,
• 50:21
  right? It says it's only for people
• 50:23
  that are making $1,000,000 or $1,000,000 of income or more.
• 50:30
  What do you think happens if enough millionaires or people
• 50:33
  that are making $1,000,000 of income?
• 50:35
  What do you think? If enough, what do you think?
• 50:37
  If enough of them leave to Florida where you don't get
• 50:41
  there is no state income. Tax.
• 50:44
  Like, what do you think happens? Where do you think that tax base
• 50:47
  goes? It disappears.
• 50:50
  So they have absolutely no choice but to start taxing the
• 50:53
  middle class. And again, I'm not trying to be
• 50:57
  critical of this specific ideology even though I'm not a
• 51:01
  big fan of it. I'm from Venezuela, maybe I'm a
• 51:03
  little bit biased, but like, the solution here is to pick better
• 51:09
  money. It's not to elect, you know, a
• 51:14
  good looking, good smiling politician.
• 51:17
  It's it's it's. Like that's not the solution
• 51:20
  here. Whether it's a right leaning
• 51:22
  politician or a left-leaning politician, that's not the
• 51:25
  solution. They are the cause of the
• 51:28
  problem. You have to understand this.
• 51:31
  They're the ones that print the money.
• 51:33
  So it's like, it's like you have Stockholm syndrome.
• 51:36
  The people that are responsible for shit being unaffordable are
• 51:41
  now promising you that they are going to fix things being
• 51:46
  unaffordable by printing more money which causes things to be
• 51:50
  even more unaffordable like. Well, well, actually even worse
• 51:54
  by taking your money, it's. Everything to become longer not
• 51:58
  only that right, but then saying, oh, we're gonna take
• 52:01
  your money so we can make things more affordable for the like it
• 52:04
  is it's an antiquated system like I'll play you guys this
• 52:10
  clip. Would rather do is ensure that
• 52:12
  they remain as they are so that the City can be on firm
• 52:14
  financial footing. However, in order to get to this
• 52:17
  point of closing the gap on both this fiscal year and the next
• 52:20
  fiscal year, we are forced to raid the rainy day fund, the
• 52:25
  Retiree Health Benefits Trust Reserve and to increase property
• 52:28
  taxes across these other years would rather do like.
• 52:32
  Look, I'm, I'm telling you my own personal stance on this.
• 52:37
  It's Florida. They're trying to pass a law to
• 52:40
  get rid of property tax. So if I lived in New York,
• 52:44
  right, and I saw this, you know what I would say, Go F yourself.
• 52:51
  I'm leaving. That's what I would say.
• 52:54
  And they lose that tax base forever.
• 52:56
  That's that's what happens. The most productive people in
• 53:01
  that society, you are penalizing them for being the most
• 53:05
  productive, for being the most efficient capital allocators.
• 53:10
  And what do you think they're going to do?
• 53:13
  They're going to get up and they're going to vote with their
• 53:15
  feet. Why do you think, Ken Griffin,
• 53:18
  why do you think all these billionaires and millionaires
• 53:20
  are moving to Florida? Why They're moving to Florida
• 53:24
  because there's no income tax here.
• 53:26
  They're moving to Florida because Ron DeSantis is
• 53:28
  basically going on TV saying we're trying to get rid of
• 53:30
  property tax. That's why they're leaving.
• 53:34
  And here's the thing, in the day and age of the Internet where
• 53:39
  you being tied to a specific location is less, less, less
• 53:48
  important because you can take things over, you know, you can
• 53:53
  take things over call. You can take calls over Zoom.
• 53:56
  You could take Google me calls or whatever it it like, where's
• 54:00
  the MO? Where's the MO?
• 54:03
  Where's the MO? Where's the MO?
• 54:06
  There is no MO, and this is the thesis and the theory from the
• 54:11
  book The Sovereign Individual. This is literally what they were
• 54:14
  talking about. That literally in that book.
• 54:17
  They're literally talking about this.
• 54:19
  People are going to vote with their feet and they're going to
• 54:22
  go to the most favorable jurisdiction, full stop.
• 54:28
  So it goes back to the Laffer Curve.
• 54:29
  It goes back to this idea. Like, listen, politicians aren't
• 54:34
  the end all be all. At the end of the day, those
• 54:37
  politicians don't produce anything.
• 54:39
  They don't make anything. Their only solution is to take
• 54:43
  from others to give to other people.
• 54:48
  What happens when those others that have things decide to get
• 54:52
  up and go? There's nothing to take any.
• 54:55
  There's nothing, there's there's nothing else to take anymore.
• 54:58
  And this goes back to as like one of one of Margaret
• 55:02
  Thatcher's like most famous, famous quotes, which is like,
• 55:06
  you know, socialism works until you run out, until you run out
• 55:08
  of other people's money, right? Like it's like we've seen this
• 55:12
  over and over and over and over again.
• 55:14
  Now here's the thing. I empathize with the people that
• 55:17
  voted for Mandami. I understand why people voted
• 55:20
  for Mandami. I understand that rents are too
• 55:23
  expensive. I understand that if you work 3
• 55:26
  jobs, like the fact that you don't even have the dignity to
• 55:29
  be able to live like that, that shit is despicable.
• 55:33
  But but that is happening not because you don't have the right
• 55:37
  guy in office. That is happening fundamentally
• 55:40
  because the money is is broken. Your unit of account that you're
• 55:44
  using is consistently stealing from you on a on a daily basis,
• 55:49
  and that system is fundamentally corrupt.
• 55:53
  It's immoral. And that is why you're feeling
• 55:55
  poorer. It's not because Team blue or
• 55:58
  Team red is in power. Team blue or Team Red benefit
• 56:04
  from the money printing. They benefit from you getting
• 56:07
  poorer. They don't give a flying fuck
• 56:10
  because either way they're going to enrich themselves off the
• 56:13
  very system. The only way to beat this said
• 56:16
  system is to opt out of it entirely.
• 56:19
  That is the only way to beat it. It's not a political solution.
• 56:24
  Politics do matter, but the most important vote you can make is
• 56:28
  the vote with your wallet. It's to opt out of the system
• 56:31
  entirely. It's to buy Bitcoin, mine
• 56:33
  Bitcoin, earn Bitcoin, put that Bitcoin into self custody.
• 56:36
  That is how you're going to protect yourself from rents
• 56:39
  increasing. That's how you're going to
• 56:40
  protect yourself from grocery prices increasing.
• 56:43
  That's how you're going to protect yourself from gas prices
• 56:45
  increasing. It's not in, it's not electing
• 56:48
  whatever, you know, excuse my language.
• 56:51
  Fuck face decides to smile and say, hey, listen guys, I'm going
• 56:55
  to fix everything. You just got to vote for me.
• 56:58
  It doesn't work. I, we, we were telling you this
• 57:01
  before the Mandami election. And again, it's just playing out
• 57:05
  exactly as we predicted. It's, it's, it's not rocket
• 57:09
  science. It's not rocket science.
• 57:11
  Look at history. Look at the outcomes.
• 57:14
  It always ends the same way. It could provide a temporary
• 57:18
  Band-Aid, but what it ends up with is that the rich people
• 57:22
  leave, the big tax base leaves, and everybody ends up with less
• 57:26
  money. That's what ends up happening
• 57:28
  every single time. So it's time to try something
• 57:32
  different. It's time to instead of voting
• 57:35
  for blue, instead of voting for red, it's time to vote for
• 57:38
  orange. How about that?
• 57:40
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  All right, everybody. So I do want to give you guys an
• 1:01:17
  update on the clarity act. This happened overnight.
• 1:01:21
  Since we reported on this yesterday, yesterday was at 63%.
• 1:01:25
  It shot up to 77% on Polymarket. There's $84,000 in daily volume.
• 1:01:32
  So it's quite a bit of volume and again, ladies and gentlemen,
• 1:01:39
  you know the looks like the clarity act is is going to.
• 1:01:44
  Something happened overnight. The insiders.
• 1:01:46
  This is hockey stick up. You know the insiders so much.
• 1:01:49
  This is Baron Trump's in on this.
• 1:01:52
  He knows something and you know, it looks like there's a very
• 1:01:57
  high, an 80% pop probability, according to the Betty Markets,
• 1:02:00
  that the Clarity Act will finally get signed into law.
• 1:02:03
  Opti, how are you feeling about that?
• 1:02:08
  I don't believe it, but can you, can you zoom into this a little
• 1:02:11
  bit? Can you go to the one week chart
• 1:02:14
  here on the Poly market? There you go.
• 1:02:18
  Sure. So one week.
• 1:02:21
  Yeah, yeah, yeah. One week or yeah, Yeah, Yeah.
• 1:02:25
  Actually go to the one day chart.
• 1:02:27
  Sorry. Yo, do the one day, do the one
• 1:02:31
  day and there you go. OK, All right.
• 1:02:34
  What? What's this time here in the
• 1:02:37
  last hour ish? I don't know.
• 1:02:40
  Since this morning. 3:00 in the morning, bro, at 5:00.
• 1:02:43
  At 7:30, Baron got a text. Well, I, I, I, the reason I
• 1:02:48
  wanted to look in is because we did see, I forget who it was,
• 1:02:54
  but there was a lot of conversations this morning at
• 1:02:57
  World Liberty Finance around, I don't know, it's like 10:00 or
• 1:03:01
  something like that of them continuing to say, hey, this
• 1:03:04
  might get passed by April. I am not that bullish on it.
• 1:03:08
  I, I'm personally, I think it's, I don't know, I, I'm starting to
• 1:03:14
  lose faith in this actually ever passing though they are saying a
• 1:03:17
  lot of good things that, hey, this is going to pass.
• 1:03:20
  I know they want it to pass. At least the, the heads, you
• 1:03:23
  know, the Trump administration, people up at the top want this
• 1:03:26
  to pass. I, I've become less bullish on
• 1:03:30
  the idea that the Clarity Act is actually going to pass.
• 1:03:33
  But, you know, sometimes I, I don't agree with the, the, the
• 1:03:37
  market odds, but I'm not putting my money, you know where my
• 1:03:40
  mouth is here. So there's people actually
• 1:03:43
  putting money on the lines. Maybe there is something they
• 1:03:45
  know that I don't know, maybe it is barren out there, you know,
• 1:03:47
  making some money on polymarkets, but I don't know.
• 1:03:51
  I'm not that bullish on on it actually getting through by
• 1:03:55
  April because like realistically, guys, this is
• 1:03:58
  kind of like the breakdown if this doesn't pass in the next
• 1:04:02
  month or two. When when's April 2, two months.
• 1:04:06
  If this, if the, if we're still deliberating over the clarity
• 1:04:09
  act by April and it doesn't, it doesn't actually get passed
• 1:04:12
  around April, then there's really not that much time until
• 1:04:17
  the midterms after that. And then by then it's not ever
• 1:04:20
  going to pass. That's why I've become extremely
• 1:04:22
  bearish on, on this actually getting pushed through.
• 1:04:24
  They keep delaying the deadlines.
• 1:04:26
  We, we heard that was going to happen by the end of 2025.
• 1:04:29
  We heard it was going to happen by the end of, of January.
• 1:04:32
  Then they said end of February. Now they're saying maybe by the
• 1:04:35
  end of April, if, if they delay this after April and we don't
• 1:04:39
  see anything by June or July, it's the, it's not going to pass
• 1:04:43
  because then they're going to turn the machine and they're
• 1:04:46
  going to start talking about the midterms.
• 1:04:48
  And by then they're not going to do anything that is seemingly,
• 1:04:51
  you know, unfavorable because they, they got a lot to worry
• 1:04:55
  about what's going on in the midterms.
• 1:04:56
  So like I, I guess tentatively, you know, a little, a little
• 1:05:01
  hopeful that something good does go through and we do start to
• 1:05:05
  get a good narrative shift around here and we start to see
• 1:05:07
  the price turn around because of something like this.
• 1:05:10
  I know I said earlier, like they're probably waiting for the
• 1:05:13
  clarity Act to get pushed through before they announce a
• 1:05:15
  Bitcoin by the US government. But from the, the deliberations
• 1:05:21
  that we're seeing, and I just keep thinking they're going to
• 1:05:25
  kick the can down the road and then it's going to get forgotten
• 1:05:27
  throughout the midterm kind of hype.
• 1:05:29
  So I mean, maybe the Poly markets are right and I'm wrong.
• 1:05:32
  It wouldn't be the first time I'm wrong about it.
• 1:05:34
  So that's kind of my take on this.
• 1:05:38
  Yeah, I mean, I don't know, man. I think, I think Baron got the
• 1:05:41
  call. I think Baron got the.
• 1:05:42
  Call on my yo, Baron Baron's a goat.
• 1:05:47
  I think Baron got the call. Dude dude 65 already 100
• 1:05:51
  millionaire does better trades than Nancy Pelosi next.
• 1:05:55
  Next Chad, the next topic. Next topic on this this is the
• 1:06:01
  story of Bitcoin bear market. Individuals are capitulating,
• 1:06:05
  but the public, companies and the institutions are not.
• 1:06:08
  Each passing day, the price floor for Bitcoin rises as the
• 1:06:11
  rotation from weak hands to strong hands continues.
• 1:06:16
  So smart money is buying Bitcoin.
• 1:06:22
  Half a million Bitcoin has gone into the hands of businesses,
• 1:06:26
  200,000 Bitcoin has gone into funds and ETFs, 135,000 Bitcoin
• 1:06:31
  has gone into governments and individuals sold 700,000
• 1:06:38
  Bitcoin. So there's a changing of the car
• 1:06:42
  guard from individuals to businesses, ETFs and
• 1:06:47
  governments. And so it's no bueno, No bueno.
• 1:06:52
  Yeah, that that really also goes into what we've been saying
• 1:06:56
  pretty much all year long, that the institutions are essentially
• 1:07:01
  eating Wall Street retails lunch right now.
• 1:07:05
  And I don't know if you saw, but there was a good clip by Samson
• 1:07:07
  Mao, who's who's basically doubling down on this idea that
• 1:07:10
  like Wall Street is pulling a psyop on Main Street right now.
• 1:07:14
  And this really goes into one of the things I've been kind of
• 1:07:16
  saying. It does feel like we're starting
• 1:07:19
  to or rather that we've been seeing Wall Street games on
• 1:07:22
  Bitcoin the after the first year after they kind of all the banks
• 1:07:26
  get, get the, you know, the, the free run to get into Bitcoin.
• 1:07:29
  What do we see? Bitcoin price dump.
• 1:07:31
  Wall Street wants to scoop up Bitcoin at A at a cheap price.
• 1:07:35
  Everyone's getting scared. They're like, damn, I missed the
• 1:07:38
  126 K top. I should sell out right now
• 1:07:41
  because it's going to go to 3040K.
• 1:07:47
  I'm just trolling you. I'm just trolling you.
• 1:07:50
  And in reality, we've seen just a ton of Bitcoin leaving
• 1:07:56
  individuals hands and going where you're selling it to
• 1:07:59
  Sailor, you're selling it to Larry Fink, it looks like you're
• 1:08:03
  selling at the sovereign wealth fund.
• 1:08:04
  So there is a transition right now from individuals in self
• 1:08:08
  custody to these Wall Street institutions.
• 1:08:12
  And it's hard to look at that and not think that there is some
• 1:08:15
  sort of Wall Street manipulation games playing out so that they
• 1:08:19
  can get themselves Bitcoin on the cheap.
• 1:08:22
  It's like the data keeps coming in and it just keeps, keeps kind
• 1:08:25
  of confirming that idea in my head.
• 1:08:27
  So that that's kind of what what I see here.
• 1:08:29
  And it's not, it's not a good thing, to be honest.
• 1:08:32
  No, not at all, not at all. But yeah, I mean, hopefully this
• 1:08:38
  changes guys. This is in your hands, everybody
• 1:08:40
  this is in your hands that you should this is in your hands
• 1:08:48
  everybody like you have you have the the power to change this
• 1:08:51
  like stop selling your Bitcoin to BlackRock.
• 1:08:54
  I I don't I don't know you know, I don't know what else to tell
• 1:08:58
  you in in that regard. So any who, let's move on to the
• 1:09:04
  to today's culture, take self custody of your Bitcoin.
• 1:09:07
  We're going to be right back in just a bit.
• 1:09:09
  I want to give a shout out to our partner Hive Digital
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  Digital Tech or at Hive digitaltech.com.
• 1:09:53
  All righty then guys. Well, I got an update for you
• 1:09:58
  and we might have to rebrand. We might have to rebrand the the
• 1:10:04
  last segment back to the Daily Fail.
• 1:10:06
  So, you know, to catch you up, what was it Monday we did, the
• 1:10:12
  Netherlands is proposing a 36% essentially unrealized capital
• 1:10:19
  gains tax on Bitcoin. Here's that headline.
• 1:10:22
  We, I covered this on Monday if you want a full breakdown, but
• 1:10:25
  then later on in the week we got some interesting news following
• 1:10:29
  up on this. So the headline, of course,
• 1:10:31
  Dutch lawmakers advanced 36% capital gains tax on crypto.
• 1:10:36
  And then wait, when did this? This was last weekend.
• 1:10:41
  You know, on Saturday this was being proposed.
• 1:10:44
  I think it was on Thursday of last week where it started to
• 1:10:46
  make the rounds hit the headlines over the weekend.
• 1:10:49
  Well, guess what we learned literally, I think it was no,
• 1:10:53
  sorry, it was on Mon or Tuesday, either Monday or Tuesday, I
• 1:10:57
  forget exactly. And and I've been wanting to
• 1:10:59
  cover this. I think it was actually Tuesday.
• 1:11:00
  I was, I was going to cover this yesterday, but we, we just kind
• 1:11:04
  of pivoted a little bit. Well, guess what happened guys,
• 1:11:07
  You're you're, you're not, you're not even, you're like, I
• 1:11:10
  couldn't even make this up. OK, so we have this.
• 1:11:15
  Natalie Van Berkel withdrawals the state secretary of finance.
• 1:11:20
  And here's the tweet. This is what we all learned over
• 1:11:24
  the, you know, first part of this week that the Netherlands
• 1:11:27
  is back in the in the news cycle again.
• 1:11:30
  Well, guess what? The state secretary, this lady
• 1:11:33
  Natalie van Berkel that would become, quote, responsible for
• 1:11:37
  the unrealized gains tax reportedly lied about her CV and
• 1:11:41
  just stepped down. She had only finished middle.
• 1:11:44
  School. How is this?
• 1:11:47
  Real. I mean, like, if you if you
• 1:11:49
  think about the economic policies that she was trying to
• 1:11:52
  enact, it's not too big of a stretch for you to understand
• 1:11:56
  that she only finished middle school.
• 1:11:59
  OK. Anyways, here's a tweet just now
• 1:12:01
  informed the Speaker of the House that I am submitting my
• 1:12:03
  resignation as a member of the House of Representatives with
• 1:12:06
  immediate effect. So again, to recap, news came
• 1:12:11
  out that the Dutch, or rather Netherlands, wanted to propose.
• 1:12:17
  A 36% unrealized capital gains tax on not just Bitcoin, but
• 1:12:23
  stocks, equities and Bitcoin and of course property I think as
• 1:12:27
  well was under that kind of law or proposed law.
• 1:12:30
  It was passed through, I believe it was their state Senate.
• 1:12:34
  It just it literally needed one more confirmation before it
• 1:12:38
  became law after this started to make the rounds.
• 1:12:42
  We learned that the person that was supposed to be responsible
• 1:12:45
  about this lied on her resume and somehow was in a position to
• 1:12:51
  basically oversee this tax, so she resigned.
• 1:12:54
  So it's. Still up for debate whether this
• 1:12:58
  law is going to get, you know, confirmed whether they're
• 1:13:01
  actually going to go through with the unrealized capital
• 1:13:04
  gains tax. But an interesting site.
• 1:13:07
  Is this real life yes, she literally this is real life
• 1:13:12
  guys. So apparently she resigned here.
• 1:13:17
  The real question, though, from you know, in my head is are they
• 1:13:21
  going to continue to push this through?
• 1:13:26
  Also, there was a pretty embarrassing video about the
• 1:13:28
  people that, that are like pushing this, this, this law
• 1:13:31
  through. So look, I don't know if they're
• 1:13:37
  going to finalize this law now. Like maybe maybe they're just
• 1:13:41
  like, OK, you resign, but someone steps up and this law is
• 1:13:44
  still good. I, I wouldn't be surprised.
• 1:13:49
  Obviously, I think we've seen stranger things happen.
• 1:13:53
  But yeah, apparently the, the lady literally lied.
• 1:13:59
  Didn't have, you know. Any education past middle school
• 1:14:04
  and now has stepped down. So maybe, maybe all's L What's
• 1:14:12
  it? All's good that ends well.
• 1:14:15
  We'll see. We'll.
• 1:14:16
  See what happened with this law now?
• 1:14:18
  But this is not. Looking good for the Dutch or
• 1:14:23
  rather for Netherlands. And someone had an interesting
• 1:14:26
  thing in the chat earlier and it was a good comment.
• 1:14:30
  They said something on the lines of like that you guys were
• 1:14:33
  talking about the unrealized capital gains tax in the
• 1:14:35
  Netherlands or you know, by the Dutch.
• 1:14:37
  And it's like, it's interesting that the Dutch are basically at
• 1:14:42
  the point of completely nuking their country.
• 1:14:47
  And these are the very people that created the stock market.
• 1:14:49
  And here we are, you know, Fast forward a couple 100 years and
• 1:14:52
  they are just eating themselves from the inside because they
• 1:14:56
  hate capitalism so much. Like the the North Star for what
• 1:15:00
  capital capitalism was, is now degraded so much that they're
• 1:15:06
  proposing unrealized capital gains tax.
• 1:15:08
  And the person that basically was going to head it literally
• 1:15:10
  is lying on the resume. So we'll see.
• 1:15:13
  We'll we'll see if they they, they continue to go forth with
• 1:15:16
  this from like APR standpoint, it seems like it's probably DOA
• 1:15:22
  now. We'll see if there is any more
• 1:15:25
  pushback from the Dutch people. And they're like, all right,
• 1:15:29
  this can't pass Like this is this is nonsense.
• 1:15:33
  Look, let there's some hope here.
• 1:15:34
  Let's let's hope that this is. A college dropout tonight.
• 1:15:39
  Let's see, man, yes, the the law is highly regarded, boys.
• 1:15:45
  So, yeah, Jake. All right, All right, Anyways,
• 1:15:51
  guys, so, yeah, that happened, guys.
• 1:15:55
  So, you know, there there was a lot of uproar about this going
• 1:15:58
  through how, you know, disastrous this was going to be.
• 1:16:01
  We haven't really heard any update yet whether it's going to
• 1:16:04
  go through. But from my vantage point, I
• 1:16:08
  don't think the PR is good enough for them to actually be
• 1:16:10
  able to push this through. But hey, we'll see what happens.
• 1:16:12
  I'll, I'll, I'll keep you updated on this.
• 1:16:14
  If, if I get some more news about it and we see that it is
• 1:16:17
  going to go through, then maybe, you know, the few Dutch people
• 1:16:21
  that watch us, maybe it's time to, you know, move, move, move
• 1:16:27
  out of your area. And, and I, I don't say that
• 1:16:28
  lightly because I don't, I don't want to leave the US, so I don't
• 1:16:31
  want to leave my home either. But it's crazy man, it's true.
• 1:16:38
  It's true, Down under Blues is true.
• 1:16:40
  Anyways guys, we love you guys. I appreciate you guys have a
• 1:16:49
  good rest of your day. Get some, get some steps in, get
• 1:16:54
  your 10K steps in, get a workout in, eat some good food.
• 1:16:58
  Though we are still bear market territory so ramen is the only
• 1:17:01
  thing on the menu and I will see you tomorrow guys.
• 1:17:11
  Ultra. OK, OK, OK.
• 1:17:12
  All right, later, guys. I'll see you tomorrow.
• 1:17:14
  Have a good rest of your day. Peace out.
• 1:17:18
  Today's episode was brought to you by bitcoinwell.com, a
• 1:17:21
  Bitcoin only platform on a mission to enable financial
• 1:17:25
  independence.