Latest / Simply Bitcoin / BREAKING: Michael Saylor Buys 190,000 Bitcoin | EP 921

Transcript

BREAKING: Michael Saylor Buys 190,000 Bitcoin | EP 921 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah.
• 0:20
  Welcome to another episode of Simply Bitcoin Live.
• 0:23
  We're your number one source for the peaceful Bitcoin revolution.
• 0:25
  Curler. Breaking news culture.
• 0:27
  Magic, warfare. We will be your guide through
• 0:29
  the separation of money and state.
• 0:33
  Crazy news. Michael Saylor.
• 0:35
  Now, I mean, micro strategy to be specific, but we all know
• 0:39
  it's Michael. Say Michael Saylor, behind that
• 0:41
  strategy, owns 190, 1000 Bitcoin.
• 0:48
  He's definitely going for that 1%.
• 0:50
  I know in his head he wants 210,000 Bitcoin.
• 0:54
  That would make it so that he owns one, that 1% of all
• 0:58
  Bitcoin, which is absolutely crazy.
• 1:00
  He's he's gone nuts. He's obviously using his company
• 1:04
  to. He's leveraging his company to
• 1:06
  stack more Bitcoin every single month.
• 1:09
  There's another announcement that he's making these huge
• 1:11
  purchases, and as we'll show today, because everyone was
• 1:16
  waiting for his investor report, it seemed like it was the
• 1:20
  winning strategy. MicroStrategy has outperformed
• 1:23
  everything, including Bitcoin, I might add, since they adopted
• 1:28
  the Bitcoin strategy in 2020. That press conference yesterday
• 1:32
  was a big deal. Also breaking news.
• 1:34
  We're not going to cover this today, but it seems like
• 1:37
  Fidelity has added a 1% Bitcoin allocation to its conservative
• 1:43
  ETF. Right?
• 1:45
  Which is nuts how fast this is accelerating.
• 1:48
  The Bitcoin price did shoot up because of this news it was
• 1:51
  sitting at. I think it was like 40.
• 1:54
  Forty 2900 shot up to 43,250. This is this is nuts.
• 1:59
  The institutions are here. This is one of the big
• 2:02
  narratives in 20/17/2018. One of the coping narratives
• 2:06
  was, Oh my God, the institutions are coming.
• 2:08
  The institutions are coming as the price of Bitcoin collapsed
• 2:11
  in 2018. Well, ladies and gentlemen, the
• 2:13
  institutions are here. Make no mistake, You have Larry
• 2:17
  Fink on TV, you know, saying, you know, basically saying all
• 2:20
  the Bitcoin talking points. You have the legacy finance
• 2:23
  corporate media saying all the Bitcoin talking points, right.
• 2:26
  They all want to get a piece of the pie.
• 2:28
  They cannot resist bitcoins incentives.
• 2:31
  Bitcoin is winning. Michael Saylor has been clearly
• 2:34
  vindicated and you know, this is going to be a crazy, crazy
• 2:39
  cycle. I'm beyond excited.
• 2:41
  One of the theories also too was the theory of diminishing
• 2:44
  returns, right? If bitcoins, you know, follows
• 2:49
  this diminishing returns theory, you know it's barely going to
• 2:52
  break all time highs. I think we're going to break
• 2:54
  that this cycle in my opinion, with all this institutional
• 2:58
  interest, you know, there's only the fact that there's only 21
• 3:02
  million, there's a cap supply. I think everyone's going to want
• 3:05
  to try to get their hands on this thing, especially now that
• 3:07
  Fidelity put it on the conservative ETF like a part of
• 3:11
  a, you know, a bunch of assets and Bitcoin represents 1% of
• 3:18
  that. I mean, that is an absolute game
• 3:20
  changer. And I think that's going to show
• 3:22
  to the world that having Bitcoin on your portfolio, whatever your
• 3:26
  portfolio is, wherever you come from, is not an option.
• 3:30
  It's a necessity because you're gonna get left behind by the
• 3:34
  institutions, by the countries that do have Bitcoin on their
• 3:37
  balance sheet. Now from the institutional
• 3:39
  aspect, from the number go up aspect, all of that is very
• 3:43
  bullish. But remember guys, we're your
• 3:45
  number one source of the peaceful Bitcoin revolution.
• 3:47
  I just got to remind everyone guys, if it's not your keys,
• 3:51
  it's not your cheese, right? If it's you don't have your
• 3:53
  Bitcoin in self custody, it's not really yours.
• 3:55
  So all this news about the ETF and all this news about Michael
• 3:58
  Saylor, all this news about Naimbu Kelly, it could be really
• 4:01
  exciting. But if you want to benefit this,
• 4:03
  benefit from this, you know, 5-10, twenty, 30 years from now,
• 4:07
  you want to put pass it on to the next generations.
• 4:10
  You definitely want to have that sweet, sweet Bitcoin into self
• 4:15
  custody. Also, during the numbers, we're
• 4:16
  going to literally show you a video of the president of the
• 4:20
  Federal Reserve Bank of Minneapolis.
• 4:24
  You know, explain basically how he's skeptical of Bitcoin as a
• 4:28
  currency. It's just it, I find it kind of
• 4:31
  weird, you know? And we have this video of
• 4:32
  yelling as well. We're gonna play it for you guys
• 4:34
  tomorrow. You know, she's calling for
• 4:36
  regulation and whatnot. But you know, I I find it weird
• 4:40
  that the the dinosaurs, so to speak.
• 4:42
  And I don't mean that in a derogatory fashion, but, you
• 4:45
  know, it's it's, you know, this is the old system and they're
• 4:48
  criticizing the new system. But who are they to lecture us?
• 4:51
  Who are they to lecture us? They can't, you know, they can't
• 4:55
  not spend money they don't have, they can't not stop printing
• 4:58
  money, you know. So they might wear the suits.
• 5:00
  They might hide behind the coattails of this, you know,
• 5:04
  legitimized seal that you know has been around for more than
• 5:08
  100 years. But the reality is that central
• 5:11
  banks, you know, are stealing the stealing your purchasing
• 5:15
  power. They're stealing the future from
• 5:16
  your children of your grandchildren.
• 5:18
  That's the reality that, that's the reality that people have to
• 5:21
  come to terms with. Like every time a central bank
• 5:24
  prints money, it's a wealth redistribution mechanisms from
• 5:27
  the lower and middle classes back to the very wealthy that do
• 5:30
  have the means to save an assets and back to the government.
• 5:33
  That is the reality. That is the reality that the
• 5:35
  world has to wake up to. And I think that's happening.
• 5:38
  I think the Internet has disintermediated information.
• 5:42
  Yesterday, Tucker Carlson made quite a big splash making an
• 5:45
  announcement that he's going to be interviewing the president of
• 5:48
  Russia, Putin, right. This is someone that you know,
• 5:52
  the Western media complex has used to say it lightly as a
• 5:58
  justification to print all this money and send all this money to
• 6:02
  to the Ukraine. Whether you agree with the war
• 6:04
  or not, that is not money that we can afford to be sending over
• 6:08
  there. That's the reality.
• 6:09
  You know, look at the debt clock, look at the deficit
• 6:12
  spending every single year. Like these things are not free.
• 6:16
  They're coming out of your dollars.
• 6:18
  They're coming If you have dollars in the bank account,
• 6:20
  that is literally where it's being siphoned from.
• 6:23
  And Bitcoin is a silent protest. That's why we all at the
• 6:26
  peaceful Bitcoin revolution and saying enough is enough without
• 6:30
  direct confrontation. You're not saying listen no we
• 6:33
  got to change the dollar and go through the political way.
• 6:37
  It's basically saying like look you guys could have that I'm
• 6:39
  just going to opt out of the system entirely by earning,
• 6:43
  buying, mining Bitcoin and taking that said Bitcoin into
• 6:45
  self custody. Anyways no more.
• 6:47
  I do want to bring up my legendary Co host also caught
• 6:49
  him in a non smile. Of course I'm talking about
• 6:52
  Optimus Fields. There's a smile.
• 6:54
  What's up dude? Dude, nothing much.
• 6:57
  Nothing much. It's almost like the Bitcoin
• 6:59
  thesis is correct and it is happening in real time.
• 7:03
  I think that Fidelity news is probably way bigger story than
• 7:06
  Michael Saylor, but we'll cover that tomorrow.
• 7:08
  Sailors just taking all the sats.
• 7:10
  Guys, I hope you guys are still stacking because man, I really
• 7:14
  wish, Nico, we could do the same playbook with simply Bitcoin.
• 7:17
  That would be pretty lit, you know, We'd be stacking a lot of
• 7:19
  sats, but hey, we can all be as. What is the same playbook?
• 7:25
  What are you talking? About, you know sell some shares
• 7:27
  and yeah, I. Mean, dude.
• 7:32
  It's really clever. I mean, but you could.
• 7:35
  OK, technically you could do this if you own an asset, right?
• 7:39
  And if you own a large portion of it, whether it's a house or a
• 7:42
  bunch of stocks, technically you can take a loan against it.
• 7:46
  I don't recommend it. That's called leverage by the
• 7:48
  way for anyone who doesn't know. But you know, you could do that.
• 7:52
  Technically you could do that. You know, there may be some high
• 7:56
  net worth individuals are watching.
• 7:58
  You know, you do have the opportunity to do that.
• 8:01
  Anyways, I do want to bring up our for today, we got Sally in
• 8:05
  the house. Unfortunately, he has, he does
• 8:07
  not have any chickens on. No chickens today, which is
• 8:10
  quite disappointing. But how you doing, Sally?
• 8:14
  I'm good. How you guys doing?
• 8:16
  Good, dude. Welcome to the show.
• 8:17
  What are we gonna talk about during the Culture, Opti?
• 8:20
  Yeah, yeah. So Sally hit me up the other
• 8:23
  day. He is working on a bunch of cool
• 8:25
  projects. So today we're going to be
• 8:26
  talking about Stack Chain Mag, the sister company or brother
• 8:30
  company Proof of Ink. And then I think, I think I'm
• 8:33
  going to touch on Sally kind of hinted at something that he's
• 8:37
  working on. I think we're going to touch on,
• 8:39
  you know, working in Bitcoin. So that's probably the theme of
• 8:42
  today, working with Bitcoiners doing cool stuff and, you know,
• 8:45
  working in Bitcoin and figuring out how you can get paid to work
• 8:49
  for Bitcoin. Absolutely, 100% guys, If you
• 8:53
  are enjoying the show, it really helps with the algos, really
• 8:56
  help us push the peaceful Bitcoin revolution.
• 8:59
  If you're watching on YouTube, If you're watching on Rumble, If
• 9:01
  you're watching on. If you're watching on Twitter or
• 9:05
  X, If you're watching us on or you're listening to us on the
• 9:08
  audio platforms, leave us a good review.
• 9:10
  Smash that, like button, smash it, smash it.
• 9:12
  Smash it takes literally 2 seconds, but really, really
• 9:15
  helps with the algos. And of course, we really, really
• 9:17
  appreciate it. Anyways, guys, no more delay.
• 9:19
  Let's jump straight into the show.
• 9:20
  Before we do that, I do want to give a shout out to our new
• 9:24
  flagship sponsor, the Bitcoin. Well by Real Bitcoin.
• 9:28
  Bitcoin Wells, the self custody Bitcoin platform on a mission to
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  enable independence. This is the first Bitcoin on
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  ramp in the United States. They just went live in all fifty
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  e-mail, get started, get on the mission.
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  This is how we win this thing. Bitcoin coin in self custody.
• 10:07
  All right everybody, let's get to the numbers.
• 10:09
  We got a lot to talk about. Let's check it out.
• 10:13
  The Bitcoin numbers. Is your Bitcoin in cold storage
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  produced by a house fire. They're also crush proof,
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  All things that paper is not allowing you to huddle your
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  Bitcoin with Peace of Mind for the long haul.
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  Stamp your seed on stamp seed. All right guys, I made it
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• 11:25
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• 11:29
  where you have to explain to your grandchildren why you lost
• 11:31
  your generation of wealth because you didn't properly back
• 11:34
  up your Bitcoin wallet seed words.
• 11:36
  Anyways, at the time of recording the Bitcoin price is
• 11:38
  43,480 SATS per dollar 2300 block height 829,398 blocks to
• 11:46
  having 10,602 having estimate April 19, 2024.
• 11:51
  Total Lightning Network capacity 4942.
• 11:54
  Bitcoin Capacity Value 214 million Realized monetary
• 11:59
  inflation 1.75% The market capitalization of Bitcoin 853
• 12:05
  billion U.S. dollars. Bitcoin versus gold market cap
• 12:09
  6.19% In the grand scheme of things, Bitcoin is still a baby.
• 12:15
  Anyways, I do want to give you guys a quick ETF update.
• 12:18
  We're going to be doing this on a daily basis to see how much
• 12:21
  Bitcoin these ETFs have gobbled up.
• 12:25
  So the iShares Bitcoin trust. Yesterday it had 75,000 Bitcoin.
• 12:31
  It's up to 76,750. That's how much Bitcoin
• 12:35
  BlackRock is currently holding for their customers.
• 12:39
  That represents .365% of the total Bitcoin supply.
• 12:43
  The Fidelity Wise Origin Bitcoin ETF is currently holding 63,662.
• 12:51
  That's an uptick of 1000 from the day before.
• 12:55
  Yesterday was at 62,000 and that represents .3% of the total
• 13:00
  supply. So these ETFs are obviously
• 13:03
  gobbling all this up. The halving is around the
• 13:05
  corner. There's not enough Bitcoin to go
• 13:07
  around. That's to be blunt.
• 13:09
  And take a look at MicroStrategy.
• 13:11
  With 190,000 Bitcoin, they're getting close to that 1%.
• 13:15
  They're sitting at .93 point 9% and they've already 1.39 X their
• 13:22
  initial investment, Michael Saylor being an absolute Chad.
• 13:25
  Anyways, what I do want to talk about today is this video coming
• 13:29
  out of the president of the Federal Reserve Bank of
• 13:32
  Minneapolis, Neil Kashaki. Kashak Curry explains why he is
• 13:37
  skeptical of Bitcoin as a currency.
• 13:40
  So I'm going to play it for you guys.
• 13:41
  Maybe you agree with him, maybe you don't.
• 13:43
  Let's check out the video and then we'll talk about it skeptic
• 13:46
  about cryptocurrencies like Bitcoin.
• 13:48
  Can you explain your concern? Yeah.
• 13:50
  So I travel around and I do talks like this.
• 13:51
  I do a lot in universities and inevitably in the university
• 13:54
  context, there are a number of students who want to ask me
• 13:56
  about Bitcoin. And I always ask them, has
• 13:58
  anybody in this room ever bought something with Bitcoin?
• 14:02
  Not bought Bitcoin, bought something using Bitcoin as a
• 14:05
  currency. I mean, a sandwich, a computer,
• 14:07
  a book, anything. Anybody ever bought anything
• 14:10
  using Bitcoin as a currency? No, I've never met somebody
• 14:12
  who's bought something using Bitcoin as a currency.
• 14:14
  So I always ask, what problem is this trying to solve?
• 14:17
  Well, first I heard, well, it's an inflation hedge.
• 14:20
  Well then when we had this big inflation spike, I said darn it,
• 14:23
  we're going to make these Bitcoin guys feel like they were
• 14:25
  right. But then it turned out
• 14:27
  inflation, or Bitcoin was a terrible inflation hedge.
• 14:29
  When we raised interest rates, Bitcoin got crushed.
• 14:31
  It's just another risky asset. So if you want to spend your
• 14:34
  money buying Beanie Babies or Pez dispensers or Bitcoin, knock
• 14:37
  yourself out, OK? But it's now been 10 plus years
• 14:41
  and nobody has been able to articulate any actual utility in
• 14:45
  the real world other than an article of speculation.
• 14:48
  I'm not opposed to Beanie Babies.
• 14:49
  I'm not opposed to Pez dispensers.
• 14:51
  I am opposed to Americans taking their hard earned money and
• 14:54
  being duped into investing in something and not realizing
• 14:56
  they're buying a Beanie Baby thinking they're buying
• 14:58
  something else. I'll give you 1 little example.
• 14:59
  I've used this before. I said my wife is from the
• 15:02
  Philippines. One time we went to visit her
• 15:03
  family in the Philippines, we landed at customs at LAX.
• 15:07
  I was going through customs. I was tired.
• 15:09
  The customs officer said what do you do for a living?
• 15:11
  And I said I work at the Federal Reserve.
• 15:13
  And he said, oh, do you know about Bitcoin?
• 15:15
  And I said, I know something. And he said, my good buddy just
• 15:20
  took out a home equity loan to buy Bitcoin.
• 15:22
  Should I do that? And I said, you know, I'm not
• 15:24
  supposed to give investment advice, but do not do that
• 15:26
  unless you want to risk losing your home.
• 15:29
  So that's where that's why I'm concerned about it.
• 15:32
  So I mean a lot to unpack there, first of all, first thing he
• 15:35
  said, which was, have you ever met someone?
• 15:38
  Yes, I actually bought something.
• 15:39
  I'm not going to tell you guys what it is, but I actually
• 15:41
  bought something with Bitcoin this morning.
• 15:43
  No, it wasn't drugs. It wasn't anything legal, Opti,
• 15:47
  But no, I actually bought something with Bitcoin this
• 15:49
  morning. I've purchased many things with
• 15:52
  Bitcoin. Now to be frank and to be blunt
• 15:55
  with you guys, it's not as easy as using Apple Pay.
• 16:01
  Just not Lightning is not quite there yet.
• 16:04
  Wallet of Satoshi was a great attempt, even though it's
• 16:07
  custodial. I hear hear that a million
• 16:09
  times, but holy cow, was that thing convenient.
• 16:13
  You know, obviously they pulled out of the US for the regulatory
• 16:16
  environment. So you know, lining is, is is
• 16:20
  getting built. Hopefully it gets to that point.
• 16:22
  You know, liquid is great, right?
• 16:24
  But I've used, you know, on chain Bitcoin to make purchases
• 16:29
  before. Is it convenient?
• 16:32
  I would say in some situations it's actually a lot more
• 16:37
  convenient than using dollars. Now here's the thing, though.
• 16:40
  When I spend dollars, it doesn't hurt.
• 16:43
  When I spend Bitcoin, it hurts. Because I know that.
• 16:47
  And this actually is a perfect segue to the second point that
• 16:50
  he was trying to make, which was a sign, an inflation hedge.
• 16:54
  Well, like, it depends on the timeline.
• 16:57
  So like if you're actually like looking out like he lied like
• 17:03
  that, that was a that was just a lie.
• 17:05
  What he just said compared to the dollar like this, this is
• 17:10
  just I'll read you the one year term, the three-year term and
• 17:13
  the five year term. We referenced this website so
• 17:15
  many times if you've been saving in Bitcoin, right.
• 17:20
  This is why we don't advocate for trading the dollars actually
• 17:23
  got in 92% cheaper, oil has got an 86% cheaper, gold, 84%
• 17:29
  cheaper, S&P 585% cheaper. That that part I want you guys
• 17:33
  to remember the S&P 500. You want to know why the spot
• 17:37
  Bitcoin ETFs got into the top 10 out of 30 out of 3100 ETFs in
• 17:42
  the United States. You want to know the reason
• 17:45
  because of that. People are starting to realize
• 17:48
  that, and there's no amount of suit and hubris and elitism that
• 17:54
  is going to cover the mere fact that this thing is just a
• 17:57
  superior asset. If you hold Bitcoin, it's a
• 18:02
  better way to save money, especially if you take self
• 18:05
  custody. That's just that's just the
• 18:08
  fact. That's just the truth.
• 18:10
  A house 78% cheaper in in Miami housing has increased by over
• 18:15
  100% when they started printing all that money due to due to the
• 18:18
  pandemic. If and I have been saving
• 18:22
  Bitcoin, things have gotten cheaper and they will continue
• 18:25
  to get cheaper over time. Now that's where the government
• 18:29
  and government officials and Fed officials and central bank
• 18:31
  officials, they nitpick, right? They nitpick.
• 18:35
  They're like, oh, the volatility.
• 18:37
  Yeah, maybe on a one year time scale, but you can't have these
• 18:41
  crazy gains. You can't go from Bitcoin in the
• 18:45
  beginning of 2017 to being, you know, $1000 January 2017 to, you
• 18:51
  know, a couple years later, seven years later, where we're
• 18:55
  sitting pretty at 43,485. The all time high was 69,000.
• 18:59
  You can't have those types of movements without volatility.
• 19:05
  It comes with the territory. But that's why we always
• 19:08
  advocate for Bitcoin is savings. So I think he's wrong on 2/2
• 19:15
  points. I think I've used many, many
• 19:18
  times. I've used Bitcoin to purchase
• 19:21
  things. I'm sure Opti has used things to
• 19:24
  purchase things. I'm sure Sally has used Bitcoin
• 19:27
  to purchase things. Now does that mean that current
• 19:31
  Bitcoin, you know, apps and technology is as it depends
• 19:36
  really where you are in the world, right?
• 19:39
  But is it as convenient as using Apple Pay?
• 19:42
  Is it as convenient as using Zelle and PayPal and all that
• 19:46
  stuff? I I don't.
• 19:47
  I personally, I don't think it's as convenient as Apple Pay.
• 19:50
  I just don't that that that haptic feedback, like that shit
• 19:54
  feels good. Like, I'm not going to lie,
• 19:56
  yeah, it makes you feel good for paying for stuff.
• 19:58
  So yeah, until Bitcoin gets to that level of convenience and
• 20:03
  this is just the way that human beings work, right, I think we
• 20:06
  have an uphill battle. But this is where, you know,
• 20:09
  there this creates a great opportunity for Bitcoin
• 20:12
  entrepreneurs, we know a lot of them, to try to solve this
• 20:17
  problem. Like that's you know, that's the
• 20:19
  problem that needs to be solved. Because I don't care about the
• 20:22
  ideological reasons like yeah, I love Bitcoin as savings.
• 20:26
  I do and I and I save in Bitcoin.
• 20:29
  But as until Bitcoin becomes as convenient to use you know
• 20:34
  specifically in in in countries that have relatively Fiat
• 20:38
  current a relatively stable Fiat currencies, I don't think you're
• 20:42
  going to see a lot of people opting into that.
• 20:44
  I think right now it's in the in the store of value phase and
• 20:49
  it's proving itself. And I think over time what we're
• 20:53
  going to see is it's going to transition to a means of
• 20:57
  payment. I don't think we're we're there
• 20:59
  yet. I think that there's a lot of
• 21:01
  work to be done on Lightning, there's a lot of work to be done
• 21:04
  on you know second layer solutions and that's the
• 21:07
  reality. But I have used it as a means of
• 21:10
  payment. I've used it multiple times as a
• 21:12
  means of payment. So that's BS and the whole thing
• 21:15
  where it's not an inflation edge, maybe not on a, you know,
• 21:18
  on a short term, one year time scale, but if you zoom out three
• 21:23
  years, four years, it absolutely crushes the dollar.
• 21:27
  It's saving. It saves your purchasing power
• 21:29
  like no other. And you know what?
• 21:31
  Actions speak louder than words. This isn't just me saying this
• 21:35
  anymore. You had Larry Fink, the CEO of
• 21:38
  the largest asset manager in the world, go on the legacy
• 21:42
  financial media and literally say that Bitcoin is a flight to
• 21:45
  quality, right. So it's not me saying this
• 21:47
  anymore. It's not just a crazy bunch of
• 21:49
  bitcoiners on the Internet. You know, you have some very,
• 21:52
  very powerful people saying that Opti's patrolling me saying
• 21:55
  Nico's a Fiat maxi. You know what dude?
• 21:58
  Like, I'm not going to lie, like, hey, this is a call to
• 22:00
  action. I hope there's a Bitcoin
• 22:01
  entrepreneur out there that makes paying in Bitcoin feel as
• 22:06
  good and as convenient as Apple Pay.
• 22:08
  Because until we get there, you know we're behind, right?
• 22:12
  There's great companies that are trying to tackle the like.
• 22:14
  The strike product is great. Full just made an announcement
• 22:17
  yesterday about converting your Bitcoin to dollars to make it
• 22:23
  easier to live on a on a Bitcoin standard with with with a debit
• 22:27
  card. So there's this is clearly a
• 22:29
  problem that needs to be solved. Like, I'm not saying it any
• 22:33
  other way. So, yeah, I mean, look, I think
• 22:36
  that's that's cope from that, you know that president, you
• 22:38
  know, I think he's on team Fiat and obviously he's gonna, you
• 22:42
  know, be cheerleading for Team Fiat.
• 22:44
  That's my opinion. Anyways, Opti, what's your take
• 22:46
  on all this? Yeah, I mean, his name is
• 22:49
  literally Neel Kashkari. Like, of course he's going to be
• 22:53
  against Bitcoin and and let's not forget and let and let's not
• 22:56
  forget that this guy was on 60 minutes.
• 22:59
  I forget when it was like a year ago, two years ago.
• 23:01
  Coincidence. By the way, that his name is
• 23:03
  Neel, yeah? Whatever.
• 23:04
  Whatever you heard a. Joke about it.
• 23:06
  That's fine, yeah. Whatever you you know, hey I
• 23:09
  like words and and they they they're signaling them Anyway
• 23:13
  this remember this guy was on 60 minutes.
• 23:15
  I I think it was like 2 years ago now.
• 23:17
  I forget when it was. It was around 2020 ish.
• 23:20
  And remember what he said guys you guys can go find the clip.
• 23:23
  He was literally sitting there saying, Oh yeah, we can print an
• 23:27
  infinite amount of dollars to solve any problem out there and
• 23:31
  and this guy is what head of the Minneapolis Fed like this guy is
• 23:35
  a Fiat maxi confirm. Like, I I really don't know why
• 23:38
  we even listen to people like this.
• 23:40
  I mean, like I've been saying for a while, if if people
• 23:42
  haven't directly experienced Bitcoin, if they haven't used
• 23:46
  Bitcoin, then like, why are we even listening to anything
• 23:49
  they're saying? Like if they haven't experienced
• 23:51
  the benefits of Bitcoin, then in my opinion, like if they haven't
• 23:54
  even sent a transaction, in my opinion, their opinion is
• 23:57
  worthless anyways. Like the fact that this guy Neel
• 24:02
  Kashkari, the guy who said he can print infinite amount of
• 24:05
  dollars to basically secure the financial system is telling us
• 24:09
  that oh Bitcoin is worthless. Like this is the very reason why
• 24:13
  we Bitcoin in the 1st place, a hard cap supply, digital
• 24:16
  scarcity. This is why we Bitcoin is
• 24:18
  because they can print infinite amounts of dollars.
• 24:21
  So again, like, why are we listening to this guy?
• 24:23
  And then on the point of like, oh, no one's using Bitcoin as a
• 24:26
  means of exchange. Like, man, first it's got to be
• 24:29
  a store of value. It's shown that it's a store of
• 24:31
  value. And you see in real time that it
• 24:33
  is starting to proliferate as a means of exchange.
• 24:36
  Like, of course I've bought things with Bitcoin.
• 24:38
  I buy things with Bitcoin all the time.
• 24:40
  I find using Bitcoin way easier than using the Fiat payment
• 24:44
  rails. Like even the very fact of just
• 24:46
  like scanning a QR code and sending Bitcoin to me is much
• 24:50
  simpler than having to type in all my, you know, information,
• 24:54
  my card or whatever, even Apple Pay.
• 24:55
  I love Apple Pay and hence why I used them with my boys over at
• 24:58
  the Bitcoin company. But Bitcoin in my opinion is a
• 25:01
  way superior payment rail than traditional financial payment
• 25:05
  rails. And nothing they say coming out
• 25:08
  of the Fed is going to stop me from using Bitcoin.
• 25:10
  Nothing, Neel Kashkari says, is going to stop me from saving in
• 25:13
  Bitcoin. Obviously this guy is a Fiat
• 25:16
  maxi and he's thinking about his position and his job at the Fed.
• 25:21
  He realizes that the the private market, the private sector is
• 25:25
  going to outperform him and they are.
• 25:27
  And yes, you know, even though I'm trolling Nico about the fact
• 25:31
  that he's he's starting to sound very, very, I don't know, I'm.
• 25:36
  Jaded I'm jaded, bro. I'm jaded the.
• 25:39
  Coin Fiat apologist over here. Last day was Friday.
• 25:42
  Now he's saying this on Wednesday.
• 25:44
  Nico, you're going down the moment the.
• 25:47
  The moment that the sorry not cash up.
• 25:49
  The moment that Wallet of Satoshi, you know, discontinued,
• 25:53
  and I still have it downloaded on my phone, But the fact that
• 25:55
  you can't just download and start using it, you know, I'm
• 25:58
  not going to lie, that was very discouraging.
• 26:00
  Like, I'll be honest with you, it's extremely discouraging that
• 26:03
  that happened. So yeah, man, I mean, look, it
• 26:06
  is what it is. That's my take.
• 26:09
  Sally. What's What's your What's your
• 26:11
  take on this, bro? Were were you a fan of Waldo of
• 26:14
  Satoshi Sally? Are you there?
• 26:20
  Oh sorry, I my connection was going in and out already.
• 26:25
  I actually was a a fan of Malo Satoshi.
• 26:28
  It was one of the easiest ones I've used.
• 26:31
  It still works for me as long as I will use AVPN.
• 26:34
  So it hasn't. Been that big of a deal yet, but
• 26:36
  I am shopping around for a new wallet to start using. 100%
• 26:42
  What's your take on the video, Sally?
• 26:46
  It's that's what it always is. There's always going to be
• 26:49
  somebody that calls it rat poison or or this or that.
• 26:53
  So you know, he'll be, he'll be eating his words here soon after
• 26:57
  the cycle 100%. Yep.
• 27:01
  Neil. What?
• 27:02
  How do you say his name? Optimi.
• 27:03
  Neil Kashkari. Neil Kashkari is going to have
• 27:07
  fun staying poor for sure, 100%. Anyways, guys, we have a lot to
• 27:11
  talk about. Let's get to the news.
• 27:13
  We got a lot of dig. We got a lot to dig into.
• 27:15
  We got a pretty long video for you guys from Sailor.
• 27:19
  It's absolutely, incredibly bullish.
• 27:21
  So let's check it out. Here we go.
• 27:23
  I want to give a shout out to our sponsor.
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  foundation. Anyways, we were all waiting for
• 29:58
  micro strategies Microstrategy's financial results, so it finally
• 30:03
  came out and when it came out once again it was revealed that
• 30:07
  the Chad Sailor, of course he bought himself more Bitcoin, so
• 30:12
  it's kind of a big deal. There is also kind of like this
• 30:15
  like video conference type of thing.
• 30:19
  I'll show you guys that in a second.
• 30:20
  It's a pretty long video, I might add, but Michael Sailor
• 30:23
  was just flexing the entire time.
• 30:26
  So the announcement for audio listeners is MicroStrategy
• 30:29
  announces fourth quarter 2023 financial results now holds
• 30:34
  190,000 Bitcoin. Here are some of the bullet
• 30:38
  points, 31,755 bitcoins acquired since the end of of Q3 for 1.25
• 30:46
  billion or 39,411 per Bitcoin. 190,000 Bitcoin holdings at a
• 30:52
  total cost of 5.93 billion or 31,224 per 31,224 thousand per
• 31:01
  coin as of February 5th, 2024. Total revenues 124.5 million,
• 31:07
  down 6% year over year. Subscription service revenues
• 31:11
  21.5 million up 23% year over year.
• 31:17
  Anyways, here is the official Chad Saylor tweets with the
• 31:22
  giant laser eyes coming out of his face In January,
• 31:25
  MicroStrategy acquired an additional 850 Bitcoin for 37.2
• 31:30
  million U.S. dollars. Now holds 190,000 Bitcoin.
• 31:35
  And then he goes on to say please join us at 5:00 PM as we
• 31:38
  discuss our Q 4/20/23 financial results.
• 31:42
  So we'll get into the details of that.
• 31:44
  But before we do that, before I play you guys the video, I want
• 31:48
  to, I do want to show you this take and this is of course
• 31:52
  reacting. Adam Back was watching the
• 31:54
  presentation and this is one of the comments, this is one of the
• 31:57
  slides from that, from that what Michael Saylor was referencing
• 32:02
  and I think there's a lot of signal here, right.
• 32:04
  So if MicroStrategy conservatively borrowed 1
• 32:06
  billion pre halving and bought 20,020 thousand Bitcoin and
• 32:14
  bought 20,000 Bitcoin, they get 210K Bitcoin, 1% of all Bitcoin
• 32:20
  and wait for the bull market would be a nice move.
• 32:22
  MicroStrategy earnings call yesterday talking about their
• 32:26
  advantage in obtaining, managing leverage, illustrating upside,
• 32:29
  right? And here they just pointed out
• 32:32
  right spot Bitcoin, you know it goes on the 4343 thousand 69,100
• 32:40
  thousand 250,000 MicroStrategy current leverage 85,180 thousand
• 32:47
  600 and 66160% hypothetical scenarios in which Bitcoin price
• 32:53
  increases illustrative. So I mean it's just kind of
• 32:56
  showing all the different scenarios now.
• 32:58
  I think the signal really comes in, Michael Saylor kind of
• 33:03
  breaking down a lot of the presentation.
• 33:05
  And obviously if you guys take a look at the soft flex, I mean is
• 33:10
  this a soft flex? This is something that we've
• 33:12
  been showing for, you know, at least many, many, many months
• 33:17
  now. But it's just comparing
• 33:19
  Microstrategy's performance compared to everything else.
• 33:23
  So enterprise software and of course this is stock performance
• 33:26
  since August 10th, 2020 And you guys have to understand, right.
• 33:30
  So Michael Saylor is the CEO or he is not the CEO, but he's the
• 33:34
  Chairman of MicroStrategy. He's responsible for it.
• 33:37
  You know, his, you know, it's his neck is on the line, you
• 33:40
  know, because this is a public company.
• 33:42
  He has, you know, he has shareholders to please, like
• 33:45
  that's just how it works, right. And what he's demonstrating,
• 33:49
  it's not like bitcoiners where you know, your mom or you know,
• 33:53
  your your father, your grandfather, like, yo, you're
• 33:55
  crazy. And then you're like, OK, watch
• 33:57
  me, you know, watch me, Mr. Federal Reserve President, watch
• 34:01
  me prove you wrong as number go up.
• 34:03
  Michael Saylor is doing this on a public company level.
• 34:07
  And the consequence of that, like the significance of that is
• 34:11
  that other public companies are not going to be able to ignore
• 34:14
  that for, you know, for significant amount of time,
• 34:17
  especially with these types of results.
• 34:19
  So you know the SAP only went up 11%.
• 34:23
  CRM went up 45%. IBM went up 53%.
• 34:27
  Oracle, which did incredible, went up 111%, Amazon only 9%,
• 34:31
  Netflix 17%, Apple 65%, meta 81%, Google 92%, Microsoft 97%.
• 34:39
  Bonds, you'd be down 19%. Silver, you'd be down 18%.
• 34:44
  Gold only up 1%. The NASDAQ 42%, S&P 548%,
• 34:49
  Bitcoin 260%, MicroStrategy 305%.
• 34:56
  So he's clearly showing to all the public companies that this
• 35:01
  way is the way to go. And by the way, This is why the
• 35:05
  news of today was so significant.
• 35:07
  We're going to talk about it on Thursday's episode where
• 35:10
  Fidelity made the announcement that they are going to be
• 35:15
  allocating at 1% and they're all in one conservative ETF to
• 35:22
  Bitcoin. That's a big effing deal.
• 35:26
  And why is that happening? Well, This is why it's happening
• 35:29
  for audio listeners. I just read out all the all the
• 35:32
  numbers. The numbers don't lie, the
• 35:34
  incentives don't lie. You could throw away, throw out
• 35:37
  all the ideological stances, all the talking points, all the
• 35:41
  propaganda, all the attempted coercion, all the attempted
• 35:45
  bands either by the CCP, all these hostile anti Bitcoin
• 35:50
  bureaucrats and politicians. Throw all that out the window.
• 35:53
  This speaks volumes. Clearly using Bitcoin as savings
• 35:59
  works right on the public company level.
• 36:02
  We love to show you this this website priced in Bitcoin 21.
• 36:06
  It clearly shows that if you save in Bitcoin, life gets
• 36:11
  cheaper over time. It's crazy what happens.
• 36:14
  There's only 21 million. It's the scarcest asset the
• 36:18
  world has ever seen. And Wall Street this cycle is
• 36:22
  starting to wake up to that reality.
• 36:24
  OK, no more talking for me. I'm going to play you guys this
• 36:27
  video. It's at 1.5 times the speed.
• 36:30
  I listened to it and I tried to cut it, but I thought the whole
• 36:33
  thing was so full of signal. So it's about, it's about a
• 36:36
  10/10. It's going to be like a 10-9
• 36:38
  minute video, but it's Michael Saylor dropping bombs the entire
• 36:41
  times. The entire time.
• 36:43
  And then, you know, Opti and I and Opti and Sally will kind of
• 36:47
  break it down. We'll discuss it.
• 36:48
  So let's check out what Michael Saylor has to say.
• 36:50
  August. 10th or August 11th when we adopted our Bitcoin strategy,
• 36:55
  our stock has outperformed Bitcoin as well as every major
• 36:58
  asset class along with every major big tech stock as well as
• 37:01
  every major enterprise software stock.
• 37:04
  We're very proud of this and and you know for those of you who
• 37:07
  followed us on this journey, you know it's been a number of steps
• 37:09
  every single quarter that got us here.
• 37:11
  But I think that this is a very useful chart to illustrate and
• 37:15
  discuss some some key elements in our strategy and in our
• 37:18
  business outlook. First of all with regard to
• 37:20
  Bitcoin, 2024 is the year of birth of Bitcoin as an
• 37:25
  institutional grade asset class. Bitcoin is is being increasingly
• 37:30
  referred to as a new, as an asset class and as a new asset
• 37:33
  class. And in fact it's the first new
• 37:34
  asset class of the modern era. It's difficult to really name
• 37:38
  another asset class. Gold when it was converted to
• 37:40
  ETF wasn't a new asset. Commodities were never a new
• 37:42
  asset. 30 years ago the S&P index was converted to an ETF,
• 37:45
  the Spider. That wasn't the new asset then,
• 37:47
  but it was certainly a revolution in finance.
• 37:50
  And so Bitcoin represents many things, but one thing it
• 37:53
  represents is the first institutional grade digital
• 37:56
  asset. And so we've now completed the
• 37:59
  1st 15 years of of the Bitcoin life life cycle and in that
• 38:03
  first 15 years it was largely unregulated retail asset
• 38:08
  misunderstood. The next 15 years I would expect
• 38:12
  will be a regulated institutional high growth period
• 38:15
  of Bitcoin, very, very different in many ways from the last 15
• 38:19
  years. Bitcoin itself is is performing
• 38:22
  well for a number of reasons, but one reason is because it
• 38:25
  represents the digital transformation of capital.
• 38:28
  If we look at some of these other great performers on the
• 38:30
  chart, like Microsoft and Google and Meta and Apple, they're all
• 38:33
  digital transformation plays. They represent the digital
• 38:36
  transformation of devices and the digital transformation of
• 38:38
  relationships and the digital transformation of information
• 38:40
  and books and libraries and entertainment and education and
• 38:43
  the digital transformation of corporate processes, say
• 38:46
  Microsoft. Well, bitcoin's a very profound
• 38:49
  idea. It's what if we actually
• 38:50
  transformed capital from its analog form, capital in the form
• 38:53
  of land or buildings or capital in the form of shares in an
• 38:57
  actual physical company or bushels of corn or diamonds or
• 39:01
  bars of gold or capital in the form of Fiat currency or bonds.
• 39:05
  And what if we could actually make that into a digital asset
• 39:08
  that's that's created in order to address all of the historic
• 39:12
  perceived shortcomings of analog assets?
• 39:14
  What if we had had all the benefits of gold, but none of
• 39:17
  the liabilities of gold? What if we had the benefits of a
• 39:19
  share of stock, but none of the liabilities of a share of stock?
• 39:21
  What if we had the benefits of a building, but not the
• 39:23
  liabilities of the building, a synthetic digital asset.
• 39:27
  And so increasingly, investors are recognizing this.
• 39:29
  That's why Bitcoin is up 260% since we embarked on our Bitcoin
• 39:32
  strategy. That's why it's outperforming
• 39:33
  the S&P and the NASDAQ. That's why it's outperforming
• 39:36
  gold, silver and bonds. Bitcoin isn't a company, and
• 39:42
  it's kind of it's profoundly important to understand that
• 39:45
  it's not a company. It's an asset class, and as
• 39:47
  such, based on a commodity. It has spawned an entire
• 39:51
  universe of companies products and services built on that asset
• 39:54
  class. So part of the the the driver of
• 39:56
  bitcoin's performance is not just it's it's protocol and
• 39:59
  superior fundamental characteristics but another
• 40:01
  driver is that is the industry of Bitcoin miners that secure
• 40:05
  the network and and Bitcoin custodians and a set of Bitcoin
• 40:09
  exchanges. So we see, we see lots of public
• 40:11
  companies that are Bitcoin miners.
• 40:12
  Now we see many, many companies that are entering into Bitcoin
• 40:15
  custody like Anchorage, like bit code, like Fidelity, like
• 40:18
  Coinbase. We see Bitcoin exchanges like
• 40:21
  Block acting as an exchange, like Fidelity, like Coinbase,
• 40:23
  like Gemini, etcetera. We're going to see more
• 40:26
  exchanges. We see an explosion of Bitcoin
• 40:28
  wallets, different software, software applications for mobile
• 40:31
  phones or or devices in order to move Bitcoin around.
• 40:33
  We've got Bitcoin devices themselves for signing and
• 40:35
  securing the network. There's a whole host of
• 40:38
  companies in the Lightning ecosystem, Bitcoin and other
• 40:40
  Bitcoin L2's that are scaling the network.
• 40:43
  And now of course this year we have Bitcoin ET PS, spot ET PS,
• 40:46
  and and even even derivatives of those ET PS.
• 40:49
  Companies that are going to trade the volatility of the
• 40:52
  underlying spot ET PS are starting to pop up in
• 40:54
  application form. And of course these ET PS aren't
• 40:56
  just local or aren't just United States based, but they're
• 40:59
  global. And that's significant because
• 41:01
  every single company everywhere in the world is meeting a
• 41:02
  different set of compliance requirements.
• 41:04
  You know, a Bitcoin ETP in Hong Kong will serve a different
• 41:08
  need, meet different compliance requirements and meet the needs
• 41:10
  of different types of investors from a Bitcoin ETP in Canada or
• 41:14
  in in France or in the UK or in the United States.
• 41:16
  And so all of these various actors are scaling the Bitcoin
• 41:18
  network with increasing enthusiasm.
• 41:21
  Micro strategy as as we've noted, is unique as of now as
• 41:24
  the first Bitcoin development company, but hopefully not for
• 41:26
  long. We published our playbook and
• 41:28
  we're showing other companies how to do it.
• 41:30
  And there's a lot of real estate development companies in the
• 41:32
  world, companies that issue securities and develop real
• 41:34
  estate. There are a lot of oil or
• 41:35
  petroleum exploration and development companies in the
• 41:38
  world. There are natural gas
• 41:38
  development companies in the world.
• 41:39
  There are software development companies in the world.
• 41:41
  So we believe that as an as awareness builds of Bitcoin as a
• 41:45
  commodity, as a global commodity, as a unique asset
• 41:47
  class, I think we're going to see more entrepreneurs enter the
• 41:50
  space and and start to work in in these various areas to add
• 41:52
  value to the ecosystem. It's it's worthwhile to note
• 41:57
  people are in the early days they under, they thought of
• 41:59
  Bitcoin as currency and a medium exchange and it creates a lot of
• 42:02
  misunderstandings and a lot of and a lot of inappropriate or
• 42:05
  irrelevant criticisms. With the advent of these new ET
• 42:09
  PS from BlackRock and from Fidelity awareness of Bitcoin,
• 42:12
  can you please go back. Yeah.
• 42:14
  Let's say on the slide awareness of Bitcoin as a store of value
• 42:18
  asset is growing and people are starting to see Bitcoin not as
• 42:22
  digital currency but as digital property or digital gold, a
• 42:25
  digital store of value. You could think of it as gold or
• 42:27
  you could think of it as property or think of it as
• 42:29
  another kind of digital store of value.
• 42:31
  But in that regard you kind of have to compare it against other
• 42:33
  liquid stores of value that people are using.
• 42:35
  So for right now, the most common alternative to Bitcoin
• 42:38
  for a tech enthusiast would be to invest in big tech with the
• 42:41
  Magnificent 7, the Microsoft, the Google, the Metis.
• 42:43
  But as you can see, when the market cap of a big tech company
• 42:47
  double S, you have a company doing a lot of work generating a
• 42:50
  lot of cash flow to support the market cap and the work that
• 42:53
  they have to do Double S And if they want to double their market
• 42:54
  cap, their value again, they have to keep generating, they
• 42:56
  have to keep doing more work, generating more cash because
• 42:58
  traditional finance technique is I dividend out my cash flows or
• 43:01
  I buy the stock back. Two very famous examples of this
• 43:04
  traditional approach are Apple and Meta who are both engaging
• 43:07
  in monstrous capital return programs.
• 43:10
  So a stock is returning its capital and its value or store
• 43:13
  of value promise is based upon being able to grow its cash
• 43:17
  flows faster than the rate of inflation.
• 43:18
  So they're working increasingly hard.
• 43:20
  If you want to make it 10 times more valuable, eventually you've
• 43:22
  got to come up with a way to get 10 times more cash flows.
• 43:24
  And that's very different than the Bitcoin because Bitcoin is
• 43:28
  the asset. So whereas big tech is asset,
• 43:30
  poor cash flow rich Bitcoin is asset rich.
• 43:33
  And the strategy with Bitcoin becomes asset rich.
• 43:36
  Now we're moving into a macroeconomic environment where
• 43:38
  we're going to see increasing monetary inflation to pay off
• 43:41
  the debt. That's well understood.
• 43:42
  That was even acknowledged by Jerome Powell in a 60 Minutes
• 43:44
  interview this weekend where he expressed concern.
• 43:47
  And so as as the monetary supply expands, if your strategy is is
• 43:52
  to generate more cash flows, you're going to have to grow
• 43:54
  your cash flows faster than the rate of monetary inflation.
• 43:57
  And that means that a big tech strategy becomes increasingly
• 43:59
  difficult. And so you can almost say, you
• 44:02
  know a big tech company becomes becomes more difficult, it's
• 44:06
  harder, right, as the value increases.
• 44:08
  But Bitcoin gets more compelling as the value of Bitcoin
• 44:11
  increases because the liquidity increases and and the network of
• 44:14
  holders increases. So, So we're in the first year
• 44:17
  of Bitcoin being viewed seriously as a possible
• 44:20
  institutional great store of value.
• 44:22
  And I believe that over time it's it's going to appeal to
• 44:24
  technology investors as they understand it as digital capital
• 44:27
  and the digital transformation of capital.
• 44:29
  And there's a reason that we believe we can outperform other
• 44:33
  strategies and why we believe a commodity like Bitcoin is a
• 44:35
  better long term store of value than just buying a portfolio of
• 44:38
  stocks. OK, ladies and gentlemen, ladies
• 44:41
  and gentlemen. So Michael Saylor dropping all
• 44:44
  this hot fire, all this sauce. But look at the symbolism.
• 44:50
  Symbolism is very important. Symbolism is, is it literally it
• 44:57
  it it's he's saying all these things but at the same time and
• 45:03
  he mentioned because someone tried to click off the slide,
• 45:05
  no, go back to that slide, right.
• 45:08
  So this isn't just the theory. Back in 2020 this was a theory.
• 45:14
  I saw this man at Pacific Bitcoin 2022 front stage.
• 45:19
  Bitcoin was sitting at 16,000. His average price to acquire
• 45:23
  Bitcoin was at 29 or 30,000. The man was down 5050%.
• 45:29
  Billions of dollars straight face He's paying his price of
• 45:33
  tuition like all of us bitcoiners most likely have to
• 45:36
  because you most likely got in during a bull market and this is
• 45:42
  the vindication this is showing you.
• 45:45
  Hey, this is my theories. This is why I believe this is
• 45:50
  going to happen. Been sticking to my guns and
• 45:54
  telling you exactly what I've what I think is going to happen,
• 45:57
  what I think is the best move, why I believe Bitcoin is the
• 46:02
  superior play, especially with you know the the traditional
• 46:07
  system completely out of hand. He mentioned the 60 Minutes
• 46:11
  interview which we played for you guys yesterday with your own
• 46:13
  pal basically saying it's an unsustainable path for the US to
• 46:17
  continue to print all this money and accumulate all this debt.
• 46:22
  He is literally flexing. This is symbolic.
• 46:27
  Him on the right and the results, the proof of work on
• 46:32
  the left. And you want to know why.
• 46:36
  The legacy media, that all the financial media is clearly on
• 46:39
  our side now. But you want to know why you
• 46:41
  still have some of the holdouts, Why Elizabeth Warren, you know,
• 46:45
  is going nuts. She's short circuiting a little
• 46:47
  bit. It's because of that You can't
• 46:50
  stop that. No central banker or politician
• 46:55
  could spin that in a negative way.
• 46:58
  It is undeniable that Bitcoin is the superior asset.
• 47:03
  Bitcoin is the black hole that's going to suck up everything.
• 47:08
  And that, when Michael Saylor did during that earnings call,
• 47:13
  was just flex. And here's the thing.
• 47:16
  Here's the thing. We ain't even in the bull market
• 47:20
  yet, ladies and gentlemen. The party hasn't even started.
• 47:25
  You know the, the, the if we're in a race, like if you want to
• 47:28
  use the race analogy, the cars right now, they're revving their
• 47:31
  engines, they're going but they haven't, they haven't launched
• 47:34
  yet, right. And these are the results so
• 47:37
  far. Mark my words, it is going to be
• 47:42
  irresistible for public companies and for nation states
• 47:49
  not to adopt Bitcoin because if they don't, they'll look
• 47:54
  irresponsible compared to the parties that have adopted
• 47:59
  Bitcoin. And that is what Michael
• 48:02
  Saylor's trying to do. He is leading, he's leading this
• 48:05
  effort. He's the vanguard for this
• 48:07
  movement on the public company level, and he said there was
• 48:12
  three things that needed to happen in order for Bitcoin to
• 48:15
  hit $5,000,000 per coin. Those three things were #1 banks
• 48:22
  needed needed to have the ability to custody Bitcoin for
• 48:27
  their clients. Multiple banks is all over all
• 48:31
  around the world, including in the United States and in Europe
• 48:34
  have applied for those licenses #2 He said that there needs to
• 48:40
  be a change in the FASB accounting rules.
• 48:43
  Those rules were changed. That's done and dusted, making
• 48:48
  it easier accounting wise for Bitcoin for companies, public
• 48:52
  companies specifically, to hold Bitcoin on their balance sheet
• 48:56
  so that they can properly account for the losses in the
• 49:00
  gains. The FASBE accounting rules
• 49:03
  before prior weren't really necessarily favorable.
• 49:06
  It made it kind of complicated. It de incentivized it a bit.
• 49:12
  And the third thing he said needed to happen was the spot
• 49:15
  Bitcoin ETF. And do you guys remember how
• 49:18
  much they resisted that? Do you remember the cluster F
• 49:23
  that was that release Maybe you guys forgot Gary Gensler.
• 49:28
  You know the SEC account telling us how, oh you know you need two
• 49:33
  of a on your account and you need a.
• 49:36
  You can only trust words coming out of the SEC.
• 49:39
  The SEC gets hacked. Because.
• 49:41
  They don't have two of a on basically announcing that the
• 49:45
  spot Bitcoin ETF was approved. They said no, it was a hack.
• 49:48
  It wasn't real. Then the next day they say yeah,
• 49:50
  it actually was approved. But then you know he's he's like
• 49:55
  grinning his, like he's like, you know like like he he can't
• 49:58
  contain himself. He's so angry about it basically
• 50:03
  saying like, no, this is unacceptable etcetera, etcetera.
• 50:06
  The DOJ press conference when the whole Binance debacle
• 50:09
  happened, you guys remember that?
• 50:12
  That was an absolute disaster, too.
• 50:14
  They tried to associate, you know, terrorism with Bitcoin,
• 50:19
  right? The the Wall Street Journal
• 50:21
  article, the Fin CEN proposal, right?
• 50:24
  All of that is an attempt to slow down the inevitable.
• 50:28
  But you cannot cover up the facts.
• 50:33
  You cannot cover up the proof of work.
• 50:35
  You cannot cover up the numbers. And Michael Saylor just showed
• 50:39
  them. You just showed them to the
• 50:41
  world and to Kelly on a nation state level.
• 50:44
  And again, this might be a coincidence and I'm
• 50:47
  acknowledging that, but do you guys believe it's a coincidence?
• 50:51
  I'll I'll make it an open-ended question.
• 50:53
  You guys could answer maybe in the chat or in the comment if
• 50:56
  you guys missed the live stream or on Twitter or on rumble.
• 51:00
  Do you guys believe that it's a coincidence that the first
• 51:03
  country that made Bitcoin legal tender also has the world the
• 51:08
  most popular president? Democratically, I might add,
• 51:12
  because they always like to use that word democratically.
• 51:15
  Elected president in the Americas that just won his
• 51:18
  election by 87%. Do you think that's a
• 51:22
  coincidence? I don't think that's a
• 51:24
  coincidence. I think that if you fix the base
• 51:26
  layer of society and you align the incentives, all of a sudden
• 51:30
  politicians are incentivized to actually do good by their
• 51:33
  constituents rather than trying to get as close as humanly as
• 51:38
  possible to the money spigot. So yeah, fix the money.
• 51:42
  Fix the world. Huge, huge win from Michael
• 51:45
  Saylor. Look at the symbolism.
• 51:47
  Of course, My sailors dropping this, The hot fire, the sauce.
• 51:50
  That's why we played you guys the video.
• 51:52
  But look at the symbolism of what he was doing.
• 51:55
  It was him saying what he usually says on all the
• 51:58
  podcasts, right? But to his left were the numbers
• 52:03
  were the proof of work. Like, yes, I won here and I'm
• 52:06
  right and I know I'm right. And companies are not going to
• 52:11
  be able to resist that incentive, especially the public
• 52:14
  ones. There's going to be shareholder,
• 52:16
  there's going to be shareholder pressure and eventually you're
• 52:19
  going to start to see these big public companies start putting
• 52:24
  small allocations, you know, on their balance sheet.
• 52:27
  And what we're going to cover tomorrow is Fidelity.
• 52:31
  Very, very big news on a conservative ETF. 1% is now
• 52:37
  allocated to Bitcoin. Adam back posted the meme from
• 52:42
  Lord of the Rings. You know, when the Urakai were
• 52:45
  like trying to like, you know, seize the Fort and like the king
• 52:49
  of Rohan at the time, like he was like here they come.
• 52:52
  You know, like, yes, the herd is coming, But for anyone that got
• 52:56
  in before the ETF, ladies and gentlemen, you frant ran Wall
• 52:59
  Street. Anyways, Opti, what's your take
• 53:02
  on all this, bro? Michael Saylor has me feeling
• 53:04
  extremely, extremely bullish, bro.
• 53:06
  Him dropping, hot fire flexing, just like, flexing like that.
• 53:11
  Like, yeah, I told you so and I thought that was pretty badass.
• 53:16
  Of course he did it in a very tactful way, in a very corporate
• 53:19
  way, you know, like talking the talk, walking the walk, right?
• 53:23
  But dude, it was still a flex, man.
• 53:26
  It was still a flex, so. Yeah I mean I think, you know I
• 53:30
  think we've been covering this for a long time and sailor's
• 53:33
  just been putting on the Giga. Chad Sailor has just been
• 53:36
  putting on a master class for the whole world to watch and and
• 53:39
  you know just going balls deep in Bitcoin absolute legend.
• 53:43
  And you know the way Sailor talks all the time you you can
• 53:47
  tell that not only is he like Polish but he's talking to a
• 53:51
  specific class of people and the way he is able to communicate
• 53:56
  the Bitcoin signal the Bitcoin message.
• 53:58
  Like anyone out there that that knows anything about anything
• 54:03
  has to hear Sailor and be like man I definitely need to get
• 54:07
  some Bitcoin because his you know like the the proof is in
• 54:11
  the pudding. The results I think have spoken
• 54:14
  for themselves and we haven't even gone into a bull market
• 54:17
  yet. Like the the the bull market
• 54:18
  profits that sailor's going to get is going to blow people's
• 54:22
  minds out and I'm sure there's going to be even more people
• 54:25
  that are like complaining and yelling and oh this isn't fair
• 54:28
  but man he definitely risked it for the biscuit.
• 54:31
  He put his own reputation on the line and now we're starting to
• 54:35
  see it wasn't. More It was more than
• 54:37
  reputation, bro. It was.
• 54:38
  It was, yeah, his whole company. His company.
• 54:41
  He's like, he just, he was like full.
• 54:44
  I mean we all have done this. Like I went all in.
• 54:47
  So did I know Opti. I'm 99% you went all in too.
• 54:51
  The only big, the only difference is that Opti and I
• 54:53
  don't have Fortune 500. Yeah, like.
• 54:55
  Imagine imagine us buying 890 Bitcoin.
• 54:58
  What? Like every quarter?
• 54:59
  Just buying, you know, just 4000 Bitcoin every quarter 50.
• 55:03
  It's all good, yeah. Only 32,000,000 like would love
• 55:06
  to see that. But there's one thing that
• 55:08
  Sailor said there that I that I think is very interesting and
• 55:11
  it's something we've been covering a lot and and that Nico
• 55:13
  and I personally feel is the idea of of entrepreneurs being
• 55:18
  attracted to Bitcoin. Like if you're an entrepreneur
• 55:20
  right now, yes there is some some hurdles and some obstacles
• 55:23
  you have to overcome to be on the Bitcoin standard.
• 55:27
  But we are starting to see and we've been seeing for the last
• 55:29
  two to three years the brain drain that is being attracted
• 55:33
  towards Bitcoin in away from the Fiat world and sailors hitting
• 55:36
  on it. And and he even mentioned some
• 55:38
  some personal anecdotes that he's seeing.
• 55:40
  Seeing people whether in real estate whether on the corporate
• 55:43
  level that they're all starting to get interested in Bitcoin.
• 55:46
  And like we're going to cover tomorrow the the fidelity, you
• 55:48
  know the conservative 1% allocation to Bitcoin in that
• 55:52
  general ETF. You're seeing that not only is
• 55:55
  this happening on the corporate level, the nation state level,
• 56:00
  and yeah, and you know, we're talking about institution
• 56:02
  adoption of Bitcoin, but what this is really doing is exposing
• 56:05
  all of retail to the understanding that, oh wait, I
• 56:09
  might need to hold a little bit of Bitcoin because this is the
• 56:12
  only way to make it through what is going on.
• 56:15
  And that's the stuff that gets me super excited is because like
• 56:18
  men, everyone that has a brain left, anyone that still has
• 56:22
  critical thinking has to be looking at Bitcoin and will be
• 56:25
  looking at Bitcoin as this bull run enters that oh wow, I really
• 56:29
  do need to get some exposure to Bitcoin in any capacity.
• 56:34
  And it's not just this, you know, Internet nerd money.
• 56:37
  It's like the the biggest and most high-powered institutional
• 56:41
  managers, asset managers in the world and billionaires and some
• 56:44
  of the the the most successful businessmen in the world are
• 56:48
  starting to get Bitcoin allocation.
• 56:49
  I might want to get some. As much as I try to avoid the
• 56:53
  authority fallacy, people still look to successful people to you
• 56:58
  know make decisions and I think Sailor is going to just show the
• 57:02
  world that yeah, you need some Bitcoin.
• 57:04
  So it's it's absolutely crazy that this is where we are
• 57:06
  anyway. Sally, what's your thoughts over
• 57:08
  there? Are you still with us, I hope?
• 57:14
  So he he, yeah, Team seems like Sally.
• 57:21
  Sally seems like Sally. It seems like you're having some
• 57:24
  collect connection issues, my friend.
• 57:26
  Try, try, try, try getting try using Google Chrome.
• 57:31
  Exiting and coming back in, my friend.
• 57:35
  Yeah. Anyways, dude, so absolutely
• 57:37
  crazy. Absolutely crazy.
• 57:40
  Michael Saylor dropping the hot fireman and really flexing on
• 57:44
  Wall Street and absolutely embarrassing.
• 57:47
  So hopefully Sally comes back for the culture.
• 57:50
  But Opti, I think it'd be a good idea to talk about self custody.
• 57:53
  What do you think? Yeah, if Sally doesn't pop in,
• 57:56
  of course we could always do that.
• 57:58
  Absolutely. All right, ladies and gentlemen,
• 58:00
  no more delay. Let's jump into the culture.
• 58:02
  But before we do that, I do want to give a very, very special
• 58:06
  shout out to our sponsor. Of course, I'm talking about
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  All right, everybody, let's get to the culture.
• 58:50
  We have a lot to talk about. Let's check it out.
• 58:55
  The Daily Culture. Everybody.
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  Check out kaboom racks today. All right, everybody, let's,
• 59:50
  let's let's talk Somebody's is Sally here is Sally he.
• 59:53
  Was just here. Yeah.
• 59:54
  Let's see. Let's try this.
• 59:55
  Let's try this. All right.
• 59:57
  Sally, are you here? Sally, can you can you hear us,
• 1:00:00
  Sally? Going once, going twice, going
• 1:00:07
  to a Yep. No, it seems like his connection
• 1:00:09
  isn't working out. All right, all right, all right.
• 1:00:13
  Well, let's talk self custody. Look, I did a poll in the chat.
• 1:00:17
  You know, I was thinking like, why?
• 1:00:19
  Why do you guys Bitcoin? Why?
• 1:00:20
  Why do we Bitcoin in the 1st place?
• 1:00:22
  And the chat overwhelming overwhelmingly says freedom.
• 1:00:26
  And part of that freedom is you have to self custody your
• 1:00:30
  Bitcoin. As we all say in Bitcoin, if it
• 1:00:33
  if you don't own the keys, then it is not your Bitcoin, not your
• 1:00:37
  keys, not your Bitcoin. And so I do this all the time
• 1:00:40
  and I I, I continue to try to get you guys up to date and make
• 1:00:45
  sure that you guys are taking your Bitcoin into self custody.
• 1:00:49
  There is in my opinion it's super simple.
• 1:00:51
  What really is the hard part is, is the mental obstacles that you
• 1:00:56
  have to do in the beginning. I think like once you understand
• 1:01:00
  why you huddle Bitcoin and how to take self custody, it becomes
• 1:01:05
  second nature. But the first step like you
• 1:01:08
  know, acquiring or sourcing Bitcoin Coin can be its own
• 1:01:12
  hurdle in general. And then the next step is taking
• 1:01:15
  that Bitcoin either off in exchange or maybe you are one of
• 1:01:19
  the lucky few that can do peer-to-peer transactions the
• 1:01:22
  first time you ever touch and interact with Bitcoin.
• 1:01:25
  And so usually that means that you have to download a wallet.
• 1:01:28
  And I think personally, maybe this is not the best, the best
• 1:01:33
  advice for long term storage, but usually the best way to do
• 1:01:37
  this is by just downloading a mobile wallet.
• 1:01:40
  And I have a bunch of wallets. I've been trying new wallets on
• 1:01:44
  my phone, You know, I'm an I'm an Apple Maxi, so you know,
• 1:01:47
  whatever. And let me just get some.
• 1:01:50
  So I love Blue Wallet. Blue Wallet to me, has been my
• 1:01:52
  daily driver for On Chain for a long time.
• 1:01:56
  There's also Green Wallet, Green Wallet's, a great wallet.
• 1:01:59
  And then I've been trying some new wallets recently just 'cause
• 1:02:03
  I try to keep up to date with wallets and I'm I'm trying to
• 1:02:06
  find something that I can start to use that is as as easy to use
• 1:02:11
  as Wallet of Satoshi. We haven't fully got there yet,
• 1:02:13
  but if you are trying to pay to use Bitcoin on Lightning,
• 1:02:17
  there's Breeze Wallet, there's Phoenix Wallet, there's Zeus if
• 1:02:21
  you have your own Lightning node.
• 1:02:23
  And then the the newest latest runners is of course Aqua that's
• 1:02:26
  using Liquid and Lightning as payment rails.
• 1:02:29
  And I just downloaded Bitkit wallet this morning.
• 1:02:32
  I was trying it out, it seems super cool.
• 1:02:34
  I haven't uploaded it yet. I even was trying the Noster
• 1:02:39
  application Primal which I guess has a lightning wallet attached
• 1:02:43
  to it. So I haven't fully worked on
• 1:02:45
  that one, but that seems pretty cool.
• 1:02:47
  I haven't. I haven't totally used it but it
• 1:02:49
  it seems like an an awesome new iteration on lightning Wallace.
• 1:02:55
  And then of course you know we have our sponsor.
• 1:02:58
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• 1:03:01
  I love the the foundation passport by foundation and then
• 1:03:04
  of course the other other ones here you know the Jade for the
• 1:03:08
  price point absolutely great. I got the translucent one you
• 1:03:11
  can see it's it's getting a a green screen of course cold card
• 1:03:16
  wallet. You guys know that and if you
• 1:03:18
  want to buy or rather build yourself one off the shelf
• 1:03:21
  parts, there's a seed signer and in my or there's desktop guys,
• 1:03:26
  you know the desktop. If if you don't want to go buy a
• 1:03:30
  hardware wallet you can also download like Electrum, Bitcoin
• 1:03:34
  Core, Sparrow, Spectre on your laptop or your desktop.
• 1:03:38
  These are all great choices in my opinion.
• 1:03:41
  I'm sure there's some other ones that that you guys might
• 1:03:44
  recommend, but these are the ones that I use and it's very
• 1:03:47
  simple guys, What you want to do and and this is probably the
• 1:03:50
  best practice, what you really want to do is say you bought
• 1:03:53
  some Bitcoin on an exchange using Bitcoin.
• 1:03:55
  Well or whatever your favorite exchange of choices don't send
• 1:03:59
  all your Bitcoin at once. What you need to do is send a
• 1:04:02
  test transaction, maybe go check out manpool dot space so you
• 1:04:06
  don't. Actually it doesn't really
• 1:04:07
  matter coming out of exchanges, they'll usually pay the fees,
• 1:04:11
  but send a test transaction, don't send it too small of one
• 1:04:14
  send, I don't know 5-10 dollars and then you'll probably have to
• 1:04:18
  consolidate those UTXOS. But send a test transaction to a
• 1:04:23
  wallet that you control. Make sure you have written down
• 1:04:25
  your seed. You can use paper for now, but
• 1:04:28
  eventually you want to. Where is my eventually you want
• 1:04:32
  to get it to titanium or something that is
• 1:04:35
  indestructible. Stamp, seed, stamp, Seed.
• 1:04:38
  Exactly. And then promo code stamping.
• 1:04:41
  Yeah, and then erase the wallet. Literally nuke the wallet and
• 1:04:45
  you're like, Oh my God, I just sent money to it.
• 1:04:47
  Why would I nuke the wallet? Well the point is if you have
• 1:04:50
  those seeds words backed up then you can get back into that
• 1:04:54
  wallet and once you get back into the wallet and you see that
• 1:04:56
  your 5-10 dollars is there then send your whole stack to your
• 1:05:02
  wallet. And then another thing to really
• 1:05:04
  be considering about is we are starting to see, especially with
• 1:05:07
  all the you know, ordinal guys and the and the on chain NFTS
• 1:05:11
  and all that crazy spam. As far as I'm concerned the the
• 1:05:17
  fees might get crazy and we're going to move into a bull run
• 1:05:20
  and as more people jump on Bitcoin the fees might get
• 1:05:23
  crazy. So make sure you're
• 1:05:25
  consolidating your UTXOS and this is as simple as just
• 1:05:27
  sending a transaction with all your Bitcoin to a new address
• 1:05:31
  and that will consolidate your UTXOS and your Bitcoin.
• 1:05:35
  You know, I I did, I just read an article by my boy Joe Rogers
• 1:05:38
  at Bitcoin Magazine. You guys could go check it out.
• 1:05:42
  I think the recommendation is make sure sure that if you are
• 1:05:46
  consolidating your UTXOS for long term, you want to at least
• 1:05:49
  have like a 10 million SAT .1 OBTCUTXO minimum.
• 1:05:54
  Obviously there is some privacy concerned.
• 1:05:57
  Maybe you don't want to put your whole stack into one UTXO
• 1:06:00
  because when you send your Bitcoin you might be exposing
• 1:06:02
  your holdings to people that you maybe don't want to do.
• 1:06:04
  So you can consolidate these and and think about this
• 1:06:07
  differently. You can have like your long term
• 1:06:09
  a huddle storage which is like a big UTXO and then you can kind
• 1:06:13
  of have your your checking account and the big UTXO could
• 1:06:17
  basically be considered your savings account and then some
• 1:06:19
  small UTXOS that you can maybe send to like a Lightning wallet.
• 1:06:23
  I I love Phoenix. I I'm one of my buddies kind of
• 1:06:26
  got mad at me because there's you know you have to send like a
• 1:06:29
  big transaction to Phoenix before it really works
• 1:06:31
  seamlessly. Of course there's also Mutiny.
• 1:06:34
  I love my boys over at mutiny. There's also Coin OSI haven't
• 1:06:38
  fully used it but it does seem to be working very good on a web
• 1:06:41
  browser. But the process is very simple.
• 1:06:43
  Guys acquire Bitcoin any way possible.
• 1:06:48
  Usually first steps for most people is an exchange.
• 1:06:50
  Go to bitcoinwell.com. I don't know if there's a slash
• 1:06:53
  simply Bitcoin URL yet, but stack Bitcoin and then get
• 1:06:58
  yourself a mobile wallet. Send your Bitcoin to that mobile
• 1:07:01
  wallet. Again, the reason we tell you
• 1:07:03
  this is because not your keys, not your Bitcoin.
• 1:07:06
  We believe the revolution is self custody.
• 1:07:09
  We understand that most of you guys out there are just retail.
• 1:07:13
  You guys are just average everyday people like us and you
• 1:07:16
  guys aren't institutions and you probably don't even have a four
• 1:07:19
  O 1K like myself. And so you just want to hold an
• 1:07:24
  asset that cannot be debased. And so you're stacking and
• 1:07:27
  you're saving and Bitcoin. So you want to make sure that
• 1:07:31
  you are holding keys for yourself.
• 1:07:33
  Make sure you don't take a picture on your phone.
• 1:07:36
  Make sure that C doesn't go to a cloud because you're exposing
• 1:07:40
  your basically keys to the Kingdom.
• 1:07:44
  And this is the most important thing to be doing guys, is
• 1:07:47
  taking Bitcoin into self custody.
• 1:07:49
  As more of us join the Bitcoin parallel economy, as more and
• 1:07:53
  more merchants start to adopt Bitcoin, as more average
• 1:07:57
  everyday citizens start to use Bitcoin, this peer-to-peer
• 1:08:00
  economy will start to proliferate.
• 1:08:02
  And like Neel Kashkari was saying in the beginning you'll
• 1:08:04
  start to experience and run into more people using Bitcoin.
• 1:08:09
  But the process is super simple guys.
• 1:08:10
  Get Bitcoin on an exchange. Danger, I don't care, you know,
• 1:08:13
  use Robosat or you know huddle, huddle or bisque.
• 1:08:17
  There's a lot of ways to get Bitcoin.
• 1:08:19
  I think that that is the that that part to.
• 1:08:23
  There's a lot of debate and there's a lot of contention in
• 1:08:25
  Bitcoin. To me, just get Bitcoin.
• 1:08:27
  Once you're in Bitcoin, I I don't think it it really matters
• 1:08:30
  at the end of the day when we win this monetary war.
• 1:08:34
  But download a wallet. I like Blue Wallet.
• 1:08:36
  Blue Wallets been a solid, sturdy wallet for me for years.
• 1:08:39
  Now it's one of my daily drivers.
• 1:08:42
  I'm starting to play with some more Lightning wallets.
• 1:08:44
  Of course, if you're not in the United States, just download
• 1:08:47
  wallet Satoshi. Again.
• 1:08:48
  There's there's contention because it's custodial, but it
• 1:08:51
  works and that's what most people want.
• 1:08:53
  They want the convenience a bit working.
• 1:08:55
  Amen. Amen.
• 1:08:56
  Yeah. And.
• 1:08:57
  Then just do the testing that I was telling you, and then make
• 1:09:00
  sure that your seed's backed up. And once you know that you're in
• 1:09:03
  control of that wallet, then dump your savings into Bitcoin.
• 1:09:08
  Continue to stack. Go.
• 1:09:09
  Check out BTC sessions if you guys still need help with
• 1:09:14
  onboarding. Passport by foundation.
• 1:09:18
  They offer a concierge one-on-one on boarding.
• 1:09:21
  If you guys need help setting up your hardware wallet or check
• 1:09:24
  out BTC Sessions. He offers one on ones as well
• 1:09:28
  and it'll help you. You know it's kind of like a a
• 1:09:31
  hold your hand. And of course our sponsor the
• 1:09:35
  Bitcoin way and they offer a concierge service as well but
• 1:09:40
  from everything by the way. So wall node setup, wallet
• 1:09:45
  setup, anything that you can think of.
• 1:09:49
  The Bitcoin way guys have your back, so definitely, definitely
• 1:09:52
  check them out. Wait, can we can we read this
• 1:09:56
  Comment? Optimist field central bank
• 1:09:59
  paleontology expert says simply Bitcoin.
• 1:10:01
  What is it? Simply bearish.
• 1:10:03
  Only bears Consolidate. UT, XLS Why should I consolidate
• 1:10:06
  if Bitcoin is Infinity dollars per SAT?
• 1:10:09
  Yeah bro, you're trolling, you're trolling consolidate your
• 1:10:11
  UTXOS. Good UTXO hygiene is important
• 1:10:15
  guys. And and then you know you could
• 1:10:16
  also eventually move towards like a multi 6 setup.
• 1:10:20
  Maybe consider coin joins. All that stuff follows, but for
• 1:10:24
  you guys just getting your toes wet in self custody, just
• 1:10:29
  download a wallet on your phone. 100%, it's.
• 1:10:32
  Very simple guys A. 100% Yeah, so and like I said, guys, check
• 1:10:36
  out the Bitcoin way. If you guys need help this, it
• 1:10:41
  is literally your Bitcoin IT team.
• 1:10:45
  They'll help you with self. They'll help you with wallet
• 1:10:48
  individuals, businesses, inheritance planning,
• 1:10:51
  inheritance planning, concierge service.
• 1:10:53
  So they have your back, So there's apps, there's so many
• 1:10:56
  different avenues, so many different ways for you to get to
• 1:11:02
  get on boarded to properly secure your Bitcoin future.
• 1:11:06
  The the wealth for your for the future generation.
• 1:11:09
  So you have absolutely no excuse And and Opti walked you through
• 1:11:14
  every single wallet on the face of the earth.
• 1:11:17
  You're a blue wallet. You're a blue wallet junkie.
• 1:11:20
  I mean, blue wallet is good for the phone.
• 1:11:22
  I forgot Electrum and for the phone it blew all out.
• 1:11:26
  It's good. It's.
• 1:11:26
  Great for the phone. I love the.
• 1:11:27
  Phone For the phone it blew all it's good, but for for desktop,
• 1:11:31
  spare and spare electric. Yeah, yeah.
• 1:11:33
  And let's spare Electrum or dope.
• 1:11:35
  Let's kind of flush this out a little bit guys like putting
• 1:11:39
  some Sats on your phone in a hot wallet for like a short term,
• 1:11:43
  maybe some spending Sats like that in my opinion is good.
• 1:11:47
  But if you are storing your Bitcoin long term, then you
• 1:11:51
  know, you consider like a Sparrow or Electrum or you know,
• 1:11:56
  just going OG with Bitcoin Core or hardware wallets like this is
• 1:12:01
  what they're for is to secure your Bitcoin long term.
• 1:12:05
  And then, I mean, some people would even say like if you're
• 1:12:09
  not going to spend Sats, just send it to cold storage and you
• 1:12:12
  know Bitcoin and you'd be good 100.
• 1:12:13
  Percent Anyways, before we wrap it up, I do want to give the
• 1:12:16
  results of the poll, Opti asked In the beginning, Why do you
• 1:12:19
  Bitcoin? 55% of you said freedom, 23% of
• 1:12:23
  you said FU money, 10% of you said permission lists, and 9% of
• 1:12:28
  you said number go up. 261 people participated in the.
• 1:12:35
  Mellow says in the chat the true answer to the survey is yes.
• 1:12:39
  Yes. Why do you buy?
• 1:12:40
  Exactly. Just yes.
• 1:12:42
  Anyways guys, I hope you enjoyed the show.
• 1:12:44
  My name is Nico. I'm your host.
• 1:12:45
  This is my legendary Co host Optimus Fields.
• 1:12:48
  We're in number one source for the peaceful Bitcoin revolution.
• 1:12:50
  If you guys have enjoyed the show, you know what to do.
• 1:12:51
  Smash that like, but consider subscribing if you feel like we
• 1:12:54
  provided you value. And we'll see you tomorrow for
• 1:12:57
  the Thursday episode of Simply Bitcoin Live.