Latest / Simply Bitcoin / BREAKING: Fidelity is filing for a spot Bitcoin ETF | EP 768

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BREAKING: Fidelity is filing for a spot Bitcoin ETF | EP 768 · Simply Bitcoin

0:08
Yeah, we're going with some of the Corn live with your number
0:10
one source, for the peaceful Bitcoin Revolution code,
0:12
breaking news, culture amount of warfare.
0:14
We will be your guide through the separation of money and
0:17
state very, very crazy. Crazy day.
0:21
Another large, another large, massive Behemoth financial
0:26
company. Fidelity announced that they are
0:29
following BlackRock, they're all they announced that they're
0:32
they're filing for a Bitcoin ETF.
0:35
We had a mean back in 2018. I've been bringing this up and
0:37
the me Meme was the institutions are coming, institutions are
0:40
coming and that was the cope while the price of Bitcoin was,
0:43
you know, just just falling, right?
0:45
And, you know, everyone was we were entering into a bear market
0:47
and people were like in disbelief, they still thought
0:50
the bull market was going on and that was a very strong
0:53
narrative. I never forget at the
0:54
institutions are coming. Well now the institutions are
0:57
here. They waited for the bear market
1:00
and this gets me extremely excited for the next bull market
1:04
is the next bull market. We have on the public company
1:07
front. Mike There's going to be
1:08
Vindicated, we have finally a Bitcoin spot ETF that from my
1:16
research on Twitter and tuning into, I was actually producing
1:21
swans new show, the Nakamoto portfolio, which actually
1:24
releases today at 1 p.m. and I and I was listening to a lot of
1:28
the, you know, the the conversation.
1:30
And one of the fund managers basically said that look, black
1:34
rock knows what they're doing and the probability that you
1:37
know that At its it's going to be accepted is extremely high if
1:42
you want to check out that show, definitely tune in at 1 p.m.
1:45
but, you know, it's this next cycle is going to be absolutely
1:50
Bonkers. It's going to be absolutely
1:53
insane. The amount of money coming to
1:57
the space potentially, of course, I'm speculating right
1:59
now, and then also like, on the bank side as well.
2:03
You have more institutional acceptance and adoption you had
2:08
One of the largest banks in France, basically, say look, we
2:11
want to offer Bitcoin trading. We had a bank in Germany,
2:14
basically file for a license that would allow them to custody
2:19
Bitcoin. And then it just came out that
2:22
the bag is Bank in Spain bank with something dead.
2:26
Actually came out with a report on the lightning Network like
2:31
this. So many things have happened in
2:33
the last two weeks. It is absolutely crazy and what
2:36
makes me super Optimistic, is that all of these things are
2:40
happening? Even after the SEC took a pretty
2:45
hostile stance towards the space.
2:47
They sued by Nancy accused CZ of illegal activity, like,
2:51
basically, criminal activity and then, you know, much less harsh,
2:56
but they went after coinbase. And they said, look, you're
2:58
selling securities. And even after all of that, all
3:02
these institutions are just like, you know what?
3:04
I get it, but Bitcoins incentives are Sybil and that's
3:09
why I believe that coin is inevitable.
3:12
Anyways before we start the show when I bring up my legendary
3:14
co-host. Always optimistic.
3:15
Always with a giant smile on his face.
3:18
He's in HD nowadays since he's upgraded as Internet.
3:22
How you doing Opti? I'm doing good bro.
3:26
It's always good to be here man. But hey Nico, shout out to my
3:29
boy, Mike, because he told me that I need to get stupidly
3:32
bullish every time in the beginning of the show.
3:34
So the institution of Club gates are here.
3:36
Let's fucking go. All right, guys, we've been
3:39
saying this for a while. It's been a minute but
3:42
obviously, I think it's becoming very clear at least to all of
3:45
us, bitcoiners that have been around for a few cycles that the
3:48
institution are not just getting here.
3:51
They've been here, they've been watching, they've been learning,
3:54
they understand what's going on. And now it's only a matter of
3:57
time until the capital starts flowing.
3:59
And the number goes up. Meme comes to fruition again
4:04
guys. It's almost like Bitcoin didn't
4:06
die a cot. I know everyone.
4:08
The chats like no I need number to go sideways so I can stack
4:11
them sads. So it's true.
4:14
I feel you but I feel bad for their sleep because he's been
4:18
he's you do not have enough Red Bull to keep the.
4:22
Don't Stop Believing space is going.
4:25
I'll tell you legend legend. Anyways I want to bring up our
4:28
very very special guest for today.
4:30
He was very kind enough to to take me fishing with him and we
4:35
caught a bunch of Yellowtail snapper.
4:38
Snappers, you know, it's after the last, that's after the first
4:41
two minutes. So I could say, we fucked up
4:43
some fish with with a buddy of mine.
4:46
Also, dear friend, Alex stanczyk, the legendary host of
4:50
Cafe Bitcoin. We went on Steve boats and we
4:55
fucked up some fish. We fucked up some fish.
4:57
We caught a lot of fish, didn't we?
4:58
Steve? We sure did.
5:01
And we also saw some, some other fish.
5:03
Fuck up. Some other fish.
5:04
Yeah. Yeah.
5:05
There was a barracuda that just came out of nowhere and Like bit
5:09
this fish in half, it was absolutely crazy.
5:12
Oh, I should have got, I should have got my girlfriend to send
5:14
me the video so I could have played it many ways.
5:16
Steve, that was, that was a blast.
5:18
I was a great time, but we're bringing on Steve today because
5:21
Steve has a very interesting story, but we're going to save
5:24
it for the culture. Steve, thank you so much for
5:26
joining us on simply today. Thanks for the invite and Opti
5:31
you ready? I'm ready to blast off.
5:33
I'm always ready. All right.
5:34
Wait wait, wait, wait, wait. Before we go.
5:40
Did you want this one? We should actually put like
5:45
rocket ship sounds. Anyways, everybody no more delay
5:47
least I can do that, I can do that.
5:49
Lets just straight into the numbers.
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Anyways, at the time of recording, the Bitcoin price is
7:13
thirty thousand. Five hundred and ten cents per
7:15
dollar is 3700 3278 block height 796.
7:22
In 176 reachable Bitcoin node seventeen thousand ninety six
7:26
blocks to having 40 3824 having estimate April, twenty twenty
7:31
twenty four total lightning network capacity, 5442 Bitcoin,
7:35
capacity value 166 million realized monetary inflation,
7:39
1.76 percent and the market capitalization of Bitcoin right
7:43
now it's sitting pretty at five hundred ninety two billion
7:47
dollars that's billion with Abby.
7:49
Anyways yesterday nice. Nassim taleb went on CNBC and he
7:55
had some, he had some interesting thoughts.
7:57
So I'm going to first read you some some comments or some
8:00
tweets. I'm original thought from some
8:02
bitcoiners that were commenting on this video, but this video
8:05
went absolutely viral. So, Allenby W says, CNBC is now
8:11
defended defending Bitcoin from Nasim to Labs intellectually
8:15
dishonest critiques. How times have changed Now,
8:18
isn't it interesting that CNBC is now defending bitcoind?
8:22
Sure, the BlackRock ETF was filed, it's just interesting how
8:24
that works. Maybe I'm seeing things that are
8:26
not there but after the last two or three years, maybe anyway, so
8:31
Alex Dorn says, this is an ugly performance from talab.
8:34
This man used to be influential. Look how confused and
8:36
embarrassed to CNN BBC host our with his arguments and moving on
8:41
to car Beamer Menger. And he's the one who originally
8:44
tweeted this out, and he goes on to say, the folks back home in
8:47
Lebanon are suffering tremendously because of Another
8:49
Broken fiat currency while Talib Is celebrating central banks in
8:53
the US, educate yourself about Bitcoin and don't listen to
8:57
self-proclaimed gurus. All right?
8:58
No more delay. Let me play the video.
9:01
Let's check it out everybody. And I think that's not here.
9:04
We are now call it 13. 14 years in?
9:07
Yes, is a very long think about it speculation.
9:10
If this is that, that's right. I'm not, but let me, let's look
9:14
at group goes and being used for real transactions.
9:18
No, it is a cult in the world. It is the same.
9:22
Unbanked or people who are in very high, they make money and
9:26
inflation is 30 or 40%. They have a cell phone and
9:28
they're able to own something that doesn't depreciate
9:30
immediately exactly the Opposites of its Mission as a
9:37
nation had because it collapsed when when the Flames laughs the
9:41
30,000. But you did, you know, people
9:43
were - because I'm dollars but you can look at any stocks that
9:47
reached a hundred dollars has started at one or two dollars.
9:50
So so in a lot of Aslan, look at things.
9:53
You don't look at the past. You look at the drawdown, you
9:56
can experience own it when it's already mature.
9:59
So the one is not inflation hedge.
10:01
To the thing, is, it may be good for transaction for petty trans
10:06
or small small amount of money, but it's not good for real
10:08
money, laundering, because very critical and three, it is pretty
10:14
much the first time in the history of the world.
10:16
We have had a cult You know, called coupled with a financial
10:21
and what do you make of BlackRock?
10:23
Now trying to pursue with an ETF.
10:25
You have Citadel you've number of Wall Street players do, by
10:28
the way, from very long time. Actually were very negative
10:31
skeptical, just like you? Yes, I was, I started positive
10:35
on bitcoin it because I was disappointed with the Federal
10:38
Reserve policy, but then I realized that you're going from
10:41
Caribbean to sell out in other words from something, okay,
10:44
right, bad to something vastly worse, at least one Federal
10:47
Reserve, you know, we have transparency.
10:49
You know what's going on, we can influence it there's a there's a
10:52
system but was crypto and tend to concentrate among big players
10:57
and and it is, how can I explain it?
11:02
It's distracting and and effectively what has happened?
11:06
Thanks to crypto is we're going to have said now, next we're
11:09
rolling out next month, we're going to have the the the
11:13
central banks are focusing on making transaction, right?
11:19
Both easier and faster for for a bit.
11:22
Okay, so a lot a lot to break down lots of break down there.
11:26
I actually took notes, I usually don't do this, but first thing
11:30
he said was cult, right? How is Central Bank?
11:34
How is okay? We literally played you a video
11:37
of Christine Lagarde, blaming inflation on the fucking
11:40
weather. How is that not cult-like?
11:42
Look at the back of a dollar bill, there's a fucking pyramid
11:45
with an eye on it. How is that not the cult-like?
11:48
Fine. You can say we're in a cult
11:50
maybe we are in a cult but at least in our coal tar money goes
11:54
up into the right and in their cult their money goes down into
11:56
the right. So I don't know.
11:58
I'll let you guys be the judge which cult is better.
12:01
Anyways, then he goes on to say inflation Hedge.
12:05
Bitcoin has reached all-time highs in Argentina and turkey.
12:09
It's already reached all-time highs.
12:11
So again, it's completely dependent on your your location.
12:15
If you have the privilege of living in a country that has a
12:17
relatively stable fiat currency, okay?
12:20
Maybe you could make that argument but still Bitcoin still
12:23
goes up into the right. Even if it has short-term
12:26
volatility, also, he said, he kind of like a Freudian slip.
12:30
He said, it's not good for money laundering because it's too
12:33
transparent. But then at the same time he
12:35
goes on to say that the Federal Reserve policy Is transparent,
12:39
but we know that we know Bitcoins monetary policy.
12:42
It's set in stone for the next hundred, something years to I'll
12:46
be dead before, you know, the, you know, before the the block
12:50
subsidy runs out and also it's an open Ledger.
12:54
Anyone could, you know, by a, by a node or build your own or, you
12:58
know, download Bitcoin core on your computer and you could
13:01
verify, you know, the supply yourself, you can see every
13:04
transaction. It's an open Ledger.
13:05
Could you say the same thing about the Federal Reserve?
13:08
I'm feeling a bit of projection, we talked about this phenomenon,
13:12
a lot where the central Bankers project onto bitcoiners and
13:16
project onto the Bitcoin in general what they know, they are
13:20
guilty of themselves and then he goes on to say look everything
13:24
is going to be solved. Everything's going to be fine
13:26
because they're going to be rolling out, the Central Bank,
13:28
digital currencies. And that's going to fix the
13:30
piss-up payment. Efficiencies payments are
13:33
extremely efficient. If you live in the u.s. you have
13:35
Zell, you have been Mo, you have cash app, you have PayPal, it's
13:39
very easy to pay someone right. People are not looking for more
13:43
efficient payments. People are looking to escape
13:47
inflation because now Bitcoin has proven that money can exist.
13:52
That. Not only does it, not decrease,
13:53
in purchasing power over time. Money can exist.
13:56
That actually increases in purchasing power over time.
13:59
And that's why that's what it's about.
14:01
That's why you have the adoption rates in Nigeria in turkey and
14:05
Argentina as high as they are because people are sick.
14:08
And tired of their money stealing from them.
14:10
So, you know, the seem to love, you know, have have the mighty
14:14
have fallen. Right?
14:15
You know, we have a saying in Bitcoin, right?
14:17
Which is don't have Heroes and I completely agree with that you
14:21
know this is a Skies disguise, lost the plot.
14:25
That's what I got to say. He's lost the plot anyways.
14:27
I want to bring up Abdi and Steve Steve.
14:31
What did you think about? You know, mr.
14:34
Talib's comments. I think Bitcoin is brilliant at
14:38
exposing frauds. It is done that since day one
14:43
and it's it's really amazing either.
14:46
He's ignorant on how Bitcoin works or he's lying.
14:51
Neither one of those is a good thing so you know, that's my
14:56
opinion. Yeah, exactly.
14:58
So he's either being insincere or he's lying and I love the
15:03
part that you brought up because it is one of my favorite
15:06
features of Bitcoin that I think is not talked about enough,
15:09
which is that Bitcoin exposes incentives, right?
15:11
It exposes incentives of central Bankers.
15:14
It exposes incentives of frauds. And I think in the case of
15:17
Nassim taleb here once again, Bitcoin is exposing Incentives,
15:21
you know, for the world to see. And I and what's really
15:25
interesting though and Carl said this in his tweet, right?
15:28
Is that you have the CNN BBC reporters that were the
15:31
skeptical ones that are now actually defending Bitcoin and
15:35
are actually using the talks. The, the, you know, what were
15:38
called the toxic Maxi, you know, the defensive points from 5
15:43
years ago. Now, that's being used by the
15:45
Legacy corporate media. What type of world do we live in
15:49
a magic five years from now? Incentive.
15:51
Stay winning. Anyways Opti.
15:52
What are your thoughts on this brother?
15:54
Yeah. Well first off.
15:55
Poor poor Nassim taleb. What has happened to him?
15:59
I mean, he wrote literally the first intro or preface of the
16:04
Bitcoin standard. Apparently he didn't read the
16:06
actual book because the Bitcoin derangement syndrome is real.
16:11
And like what is he even saying in that two minute?
16:14
I don't even think there was a tangible thought in this, it was
16:18
just a bunch of seething and coping and And how can you be
16:22
anti central banks and now be a Fed supporter?
16:24
Like, I don't get how he completely did a 180 on his
16:29
takes on Federal Reserve bad but now, hey, Bitcoin is worse.
16:34
So I think it just kind of goes to the whole idea of the, you
16:38
know, Bitcoin derangement syndrome.
16:39
If you don't know what it is, it's he probably sold his
16:42
Bitcoin or something. You know, he tried to trade his
16:45
Bitcoin. He's one of the greatest risk
16:48
traders in the world apparently because he smells his own.
16:51
Arts and he probably got absolutely wrecked and now he
16:55
sits here and he's taking an anti Bitcoin position and not
16:58
only that, every single one of you guys out there that
17:01
constantly shit on him on Twitter, he just digs his heels
17:04
and even deeper and like shouts out the joke earn because he's a
17:09
bit corner for real, for real on CNBC and he's just in the like,
17:13
what are you even say? Even the other, dude, what's the
17:16
other guy? And he's been a Critic, a
17:18
Bitcoin it and even him, he's sitting there like Like what the
17:21
hell are you even saying awesome.
17:23
Solid like this isn't even a clear like critical ideology
17:27
that you're talking about. You're just you're saying no.
17:29
I'm saying he's the one in the cult.
17:31
Yeah exactly M Bitcoin is the cult like Bitcoin isn't the Colt
17:35
did feel is the call and you can see it in action here in real
17:38
time. Yeah, there wasn't like, not one
17:40
tangible thought there that that made any sense and I really did
17:43
like that that Freudian slip, that you talked about and Eco.
17:46
Because I, when I saw that video last night, I'm like Like did he
17:50
really say? What the hell is he even talking
17:52
about? Like what is going on here?
17:53
It's not even good for money laundering, like, what?
17:58
Oh, man, this is crazy. This is crazy stuff.
18:01
Anyways, everybody no more delay.
18:02
Let's jump straight into the news.
18:03
We got a lot to check out. We got a lot to talk about.
18:05
Let's check it out. Alright.
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can even pay in SATs and Opti. And I do appreciate all the love
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that we're getting on there. And we try to take the time to
19:28
go through each and every single one of those messages, we
19:31
appreciate you all and happy to see you guys on the orange pill
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app. Anyways.
19:36
Anyways, Before we go on, I just saw the email this morning
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orange pill apt introduce zaps this morning.
19:41
So that's pretty cool. Seems absurd zap, zap, zap zap,
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speaking of zaps, shame on you Apple, shame on you, that was
19:51
just kind of fucked up as a content creator.
19:54
I've literally lost a revenue stream because you guys, you
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know, like fucking shit the bed there.
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Anyways. Side now feel like, I feel like
20:03
I should just get an Android like just, you know, like at
20:06
this point because I clearly Apple, you know, it's kind of
20:09
fucked up anyways. Jerry this Reuters article and I
20:14
think this is the big news for today.
20:17
It was actually rumor last week, but now apparently it's been
20:19
confirmed. This a Reuters article says
20:21
Fidelity preparing to submit spot Bitcoin ETF filing.
20:25
It goes on to say Asset Management, giant Fidelity to be
20:28
clear, they have four point five trillion.
20:30
That's what He is closing to submit its closest submitting
20:35
its filing for a spot. Bitcoin.
20:36
Exchange traded fund the block reported on Tuesday, citing a
20:40
source, familiar with the matter, the filing expected.
20:42
As soon as Tuesday according to the report will make Fidelity
20:45
the second major asset manager in recent days to submit an ETF
20:49
application earlier this month, BlackRock filed very similar
20:52
ETF, the filings have been viewed as a vote of confidence
20:55
for the crypto space and that's why I believe the CNN BBC
20:59
reporters were like hey you know what, Bitcoin Is actually a good
21:01
thing reigniting some retail interest in the industry which
21:05
have felt renewed pressure. After financing and coinbase,
21:08
two of the biggest crypto exchanges.
21:10
Came under Fire from the SEC, black rocks.
21:12
Our application has sparked a surge in the price of Bitcoin to
21:15
a one-year high on Tuesday. I was up 2.2% Fidelity, did not
21:20
immediately respond to Reuters request for comment.
21:23
Now, here's the thing. The Fidelity one is a lot more
21:27
believable because fedele, I mean, even though we know we
21:30
it's confirmed. This point that black rock is in
21:32
fact filing an ETF and it looks like it looks like there's a
21:38
very high probability that's being that I'm seeing numbers
21:41
from seventy percent up to like eighty percent up to 90% that.
21:45
The probability of that will be accepted is is is is a very high
21:50
likelihood but the Fidelity one is interesting because they've
21:54
actually been mining Bitcoin since 2014.
21:56
So they've been a player for a while, right?
21:59
And then they just launched. An exchange with with Charles
22:03
Schwab and other big. I think the other one was like
22:06
Citadel or something. So, this is just crazy.
22:10
This is all happened in the last two weeks.
22:11
So we have another huge asset manager throwing his hat in the
22:17
ring. And I feel like that's going to
22:18
force a lot of these other asset managers.
22:20
They're going to be forced to, they're going to just, okay,
22:22
look, we have to get involved and I think that's exactly what
22:25
you're seeing and you're not seeing this from companies, just
22:30
like Black Rock. Just like Fidelity you're seeing
22:32
this with banks as well. HSS this is an article from
22:35
coin. Telegraph says, HSBC rolls out
22:38
cryptocurrency services, in Hong Kong.
22:40
We've been covering Hong Kong for last week or so they've been
22:44
pushing hard for the city to be a crypto Hub once again with the
22:50
ccp's approval, right? Which is very interesting
22:53
because the ccp's playing both sides, you know, they're taking
22:55
advantage of the one country, two systems where Hong Kong is
22:59
this laissez-faire type of Willis City and in the mainland,
23:02
right? There's a lot more social
23:04
controls and stuff, but it looks like they have their feet on
23:07
both sides, right? They want to take advantage of
23:08
the ngu technology, attract the business attracting Novation.
23:12
But in the mainland, they still want to keep their people
23:14
controlled, right? So it's just interesting how
23:16
Hong Kong is being that Hub. I saw a picture of the
23:19
Winklevoss twins, you know, because they're getting heat
23:22
here in the US of potentially shut setting up shop in Hong
23:25
Kong. We know that some Hong Kong
23:27
officials have directly reached out to coinbase and said, hey if
23:30
you're getting kicked out of U.s. come here, do business
23:33
over, come here, do business here.
23:35
I think that'd be a catastrophic clusterfuck for the u.s. if they
23:38
lost business to their main political rival which is really,
23:41
you know, I wouldn't say China would really call it.
23:44
The CCP be it be shitting the bed so to speak.
23:47
Also, but it's not also HS HSBC and Hong Kong.
23:52
It's also a financial Giants in France.
23:57
Also registers for taking Bitcoin into custody We covered
24:02
this as well, it's not only France.
24:04
It's not only in Hong Kong, it's not only HSBC.
24:07
Also Deutsche Bank, which is the largest bank in Germany.
24:10
Also applied for a license to custody Bitcoin and shit coins.
24:15
And I think the big news for today and I think sailor is
24:18
finally, you know? It's not, he's finally, he's
24:21
looking at. This is Spain's.
24:23
Largest bank Banco Santander. So you have one of the largest
24:26
banks in France. You have a huge Bank in.
24:29
You have HSBC, You have Deutsche Bank and now you have the
24:34
largest bank in Spain. Also looking at Bitcoin saying,
24:37
hey, this Bitcoin stuff is pretty dope and then connect the
24:39
dots with to CNN BBC reporters that are now literally using the
24:42
top quote-unquote toxic Maxi talking points to rebuke Naseem
24:46
to lab. I think the writing's on the
24:48
wall, I think it's really fucking safe to say at this
24:50
point, that the institutions are here.
24:52
Anyways. So micro sailor.
24:54
Requote tweeted this article by Forbes and he says Spain's
24:58
largest bank Banco, Santander decimates.
25:00
The lightning network is Capable of processing, millions of
25:03
transactions per second 100 times more than visa.
25:06
And here's the official announcement.
25:10
It goes on to say something dead.
25:11
Spain's, largest bank recently announced the start of digital
25:14
assets 101 series for customers and prospective investors,
25:17
Bitcoin Advocates were impressed with the bank's writing latching
25:20
onto something. This introduction to bitcoin
25:23
lightning Network as an example, the lightning network is a layer
25:26
built on top of the know, you guys already know the deal with
25:28
that goes on to say and this is how I know.
25:31
Like Bitcoin stuff is is is kind of becoming, you know, it's
25:38
seeping into the mainstream. Here's am boss.
25:42
I'm pretty sure this is just a fur who literally was part of
25:45
opt he's opted, he's Bitcoin kindergarten.
25:49
Holy cow. Have have have have we all grown
25:51
up so to speak cited in Forbes. Literally talking about
25:55
lightning as well. Known companies who have adopted
25:58
lightning but said they did. So in response El Salvador.
26:01
Bitcoin legal tender and he's referring to McDonald's and
26:04
Starbucks which you know are have adopted lightning in El
26:07
Salvador because El Salvador's is a Bitcoin as legal tender.
26:10
In El, Salvador gesture for goes on, to say that companies like
26:14
microstrategy and sent them, they are recognizing the
26:16
potential of lightning based on the technology microstrategy's
26:19
executive chairman and former CEO.
26:21
Michael Seto led the charge to use Bitcoin as microstrategy's
26:24
primary treasury Reserve asset microstrategy has since
26:27
announced its intent to launch Enterprise lightning
26:30
infrastructure and In 2023 boy, does the does the future, look
26:34
bright. And I'm going to end up with a
26:36
meme. Sometimes memes are the most
26:39
effective way of explaining things.
26:41
Very very rapidly and there's a little town, you know.
26:44
It's the meme for audio listeners of this big.
26:47
Damn. This in the dam is cracking,
26:49
right? And the name of the dam is
26:51
regulatory approval and the little town underneath has
26:53
Bitcoin and the big water is behind the dam, are Morgan
26:57
Stanley, Black Rock Fidelity State Street, JPMorgan Chase, A
27:01
city Goldman Wells, Fargo Bank of America, Vanguard right?
27:05
And again, you know, we know that a lot of these politicians
27:08
are in the pockets of these large financial institutions.
27:12
So when you get these large financial institutions to
27:15
basically put their rubber stamp of approval, The Regulators are
27:19
already kind of like, okay, you know what, there is a video that
27:23
was leaked by James O'Keefe. Of this guy who's working in
27:26
Black Rock news. Is that you want to, you want to
27:28
buy a senator 10, 20 grand, You want your you want your stuff
27:32
done? We can get it for you and the
27:34
guy work for black rock. This is this is a company that
27:37
holds a huge percentage of every Fortune 500 company is an
27:42
incredible is an incredibly influential player in the game
27:47
and now they're entering into the Bitcoin space and this is
27:49
something that we've been saying it was going to happen for the
27:51
last couple of years and the reason that we knew that is
27:54
because Bitcoins incentives stay winning.
27:57
I think Bitcoin has the best incentives out of everything
28:00
else and I think that's why is it It will continue to win
28:02
anyways. Steve, what are your thoughts on
28:04
this man? Are we seeing things that are
28:06
not there? Are we just a crazy bunch of
28:08
bitcoiners? Maybe seeing some things that
28:11
maybe you were imagining some things?
28:12
What are your thoughts? I don't think so.
28:15
I I think I think you're spot on on that one.
28:21
I'm saying the same thing you are.
28:23
Yeah. And let me ask you something
28:25
else to Eve. What so does this surprise you
28:27
at all that these big players have come into the space.
28:30
And you know and like because you know, five you know, in the
28:35
case of BlackRock Larry Fink was literally talking shit about
28:39
Bitcoin. You know.
28:40
I think it was last cycle is like 2017. 2018 is like Bitcoin
28:43
is only useful for money laundering boy.
28:45
Oh boy. Did they They do a 180.
28:47
Does that surprise you at all? No because it starts with the
28:52
little or the the smaller players they you know whether
28:57
you want to talk about way. I mean no one comes to mind at
29:00
the top of my head right now. But there's people out there
29:02
that said, bad things up, it going to the beginning.
29:05
Then all of a sudden there's this big change in heart and now
29:09
they're they're on board. And I think the big institutions
29:13
I think the probably the biggest argument That I've heard on why
29:18
they haven't jumped in till now is, is mainly because they have
29:23
so much money that it didn't really, it really wouldn't be
29:28
beneficial for him. But as soon as things start to
29:30
catch on now, they have enough money to push in without taking
29:36
over the whole whole thing. So, I don't know.
29:40
I, I'm kind of it's a good thing and it's kind of a bad thing to
29:45
it's a bad thing. If In cells with Bitcoin to
29:47
these guys it's a good thing if we hang on to it.
29:49
That's right. And that's some signal right
29:51
there. Don't sell your Bitcoin to Black
29:53
Rock mine Bitcoin, earn Bitcoins, buy Bitcoin, take that
29:57
Bitcoin itself. Custody if it's not in self
29:59
custody, it's not really yours. It's an IOU.
30:01
But I want to kind of go back to what you were saying, Steve, and
30:05
I really think you hit the nail on the head, which is, I think
30:08
that a lot of these institutions were were not quite interested
30:12
before because it was, I guess what?
30:14
You'd the argument that you're trying to say is that The space
30:16
wasn't big enough. The market cap of Bitcoin wasn't
30:18
big enough and because it wasn't big enough, they didn't feel
30:22
comfortable, is that what you're saying?
30:23
Could you could you elaborate, it was insignificant to them.
30:28
Gotcha there just wasn't a big enough market form and as the
30:31
market gets bigger and it's not I mean it's it's growing now but
30:35
you can see the momentum building.
30:37
I mean anyone that did his still denying, the Bitcoins going to
30:42
shoot up in price here in the next year and a half just has It
30:46
followed what's been going on in the other Cycles?
30:49
Yeah. 100% 100%. What are your thoughts on the
30:54
diminishing returns Theory, right?
30:56
Which is this kind of concept, where, you know, Bitcoins reach
30:59
this, this crazy market cap. So, the opportunity is not
31:02
there, everyone's too late to bitcoin, you know, I'd rather
31:06
buy this altcoin, you know, because I can get more of it.
31:09
What would your response be to someone an individual that would
31:12
that, that says those things I thought I was late in 2020.
31:16
One. Gotcha.
31:17
And I wasn't and I think I think Michael Seiler said it's
31:22
programmed to go up. Yep.
31:24
It's Opti soundboard it. Yeah what's the second best?
31:28
There is no second pass the wrong one wrong one.
31:31
Sorry guys. All right, all right I need to
31:35
it's going up forever alone to organize it's going up forever.
31:40
Laura anyways. Opti what's your take on all
31:42
this bro? I mean dude you do this with me
31:45
every single day so it's could we say we should we should sound
31:49
board we were right? Yeah man.
31:53
I mean look the Fidelity news is not surprising to me personally
31:58
as any one of you guys know that's been around for a while,
32:01
and Nico mentioned it as well. Fidelity's been around for a
32:03
long. Long time.
32:04
So obviously BlackRock filing their ETF is are the spot.
32:09
Bitcoin ETF is like the canary in the coal mine.
32:12
And it's showing every institution, in the world, every
32:14
asset manager in the world, that okay?
32:16
It's okay for us to put our reputation behind Bitcoin,
32:19
finally. And, and, you know, put the full
32:22
weight of all of our assets behind her, at least, you know,
32:25
some of them. So I don't think that this is
32:28
surprising in and of itself. But, what I think is the
32:31
surprising signal here is the Fact that BlackRock filing their
32:35
Bitcoin spot ETF open. These flood gates and not only
32:38
in the US but worldwide and now, every single, you know, asset
32:42
manager around the world. And anyone holding a big part,
32:45
folio of assets, is looking at Bitcoin and I think this next
32:49
few years are going to be absolutely crazy.
32:51
The gradually then suddenly meme is living up to what we know to
32:56
be. True and Bitcoin is slowly but
32:58
surely taking over. So as a Bitcoin ER again I think
33:01
we said this last week or whenever the whole black Rockne
33:04
news came out like you front ran BlackRock and now just sit back,
33:08
keep stacking. Make sure your Bitcoin isn't
33:09
cold store and make sure you are secured.
33:12
And, you know, make sure you don't drop your SATs for
33:15
anything as the price goes up, because there will be that
33:18
temptation. But first our before, I go on
33:22
Chefs out there my boy gesture. Fur.
33:24
Let's go, Bitcoin, alumni in forms like this is crazy, man.
33:28
Dude, it's been a long night classes, strong Abode there.
33:31
There's some, there's some Legends Ball.
33:33
I ran out of Bitcoin kindergarten few understand few
33:37
understand okay but but hold on before before we go on I want to
33:42
answer the diminishing returns question because I think we're
33:45
all being way too conservative and my boy Nate in Twitter
33:49
spaces yesterday he was like he was like tempering me like yeah
33:53
alright chill out Opti like dunk it too bullish yet, you know
33:57
don't don't get people rack but I think that this next Bull Run
34:02
is going to be absolutely insane.
34:03
Shane considering that for all intents and purposes, shit coins
34:07
are dead in the US and all that shit coin.
34:10
Capital is going to have to flow somewhere.
34:12
The DJ ends are going to have to go somewhere and they can go
34:15
play on the stock market or Bitcoin just absolutely starts
34:19
ripping. And yeah, the DJ's just keep
34:23
piling in so hey, I know, I know shit coins.
34:27
It's a global game but it really does feel that this cycle all
34:32
the capital is going to get Old into Bitcoin and I think, you
34:36
know, history doesn't repeat but it does Rhyme.
34:39
I don't think we're just going to get some some measly returns
34:42
this cycle. I think we might get some crazy
34:45
returns like earlier Bitcoin Cycles.
34:47
So I don't know some speculation for you guys on this Tuesday,
34:50
sprinkling the speculation spraying, the speculation,
34:53
Everyone likes number, go up but I think in the midst of all the
34:56
number go up, I think Elaine said it in the chat, you know,
35:00
being weary of black rocks intentions is Till something
35:04
that we're all kind of dealing with.
35:06
Yes, number will go up, but Larry Fink and Co don't have the
35:11
best records when it comes to doing good for planet Earth.
35:18
So we'll just we'll just, we'll try to stay, stay sober here
35:23
throughout all the craziness, and I see my boy Nate giving me
35:26
thumbs down in the space is. So maybe I'm getting too bullish
35:29
here. I'll pull it back guys, be
35:31
conservative, stay solvent, make Sure, you don't get yourself,
35:34
Rex, stay humble Stacks, at sea or another meme, but I think
35:38
it's gonna be a crazy day. Christine Lagarde, don't date
35:42
Central Bankers. Honest, you can get that money
35:44
printer. All right, everybody, let's go
35:47
into the culture. We're going to talk about
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Steve's, Steve's, new Odyssey, New Journey, the that he's about
35:54
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the orange pill up. Anyways, Opti, it's all yours,
37:42
my friend, let's go. Okay, so before we get into your
37:46
notes, Steve, I think it's very many chat wine is in the chat.
37:51
I think it's very fitting to start at the rabbit hole at your
37:53
rabbit hole journey and how you got into Bitcoin in the first
37:56
place. Because I get a lot of flak
37:58
because people think that I am a that I hate on the Boomers out
38:01
there, but I just understand the Dynamics at play here.
38:05
And you know, the Boomers wreck the world but as an older
38:10
gentleman and as a Bitcoin, ER, I am a huge fan of anyone that
38:16
gets Bitcoin. So where did the rabbit hole
38:18
journey start and and how did you fall down the rabbit hole?
38:21
I'm way down the rabbit hole. I mean I'm so far down I there's
38:25
no going back. It's a matter of fact, my oldest
38:27
daughter is listening right now Kate and the other night I was
38:32
talking with her and you know what she said, she said when you
38:35
talk With Dad all roads lead to bitcoin.
38:38
So, no matter what we're talking about, we're going to somehow
38:41
end up on bitcoin. So that's you know, that gives
38:46
you an idea how far down the rabbit hole I am so my Bitcoin
38:50
Journey started cash three years ago three and a half if it's
38:56
it's when Bitcoin was about 33 thousand or so.
38:59
I think it just hit a little oh and I got a call from somebody
39:04
that I know that I trust and he's a tasty.
39:08
You know, Bitcoins at 3 Grand right now, I think you ought to
39:11
look about, you know, look at putting some money into that and
39:15
I said, yeah. Okay, great.
39:16
Great. And then, you know, we were kind
39:19
of looking at we're trying to figure out.
39:21
We were living in North Miami at the time, we're trying to figure
39:25
out where we were going to live. So we ended up buying a house
39:29
and you know I forgot about all the conversation and just went
39:34
on with my life. A year later, same gentleman
39:37
calls. Me and says, hey Steve I hope
39:39
you bought that Bitcoin like I told you and I went, no I
39:43
didn't. He said well it's over 20,000
39:45
now and I went oh boy and at that moment I decided you know I
39:51
better start learning something about this.
39:54
So I spent the next two year actually through today just
39:59
watching as much as I could as much content as I get my hands
40:03
on, you know, even the shake coins and all that stuff, just
40:07
learning the space. Learned some tough lessons along
40:09
the way, but at the end of the day, that's that's how I, you
40:15
know, became a Bitcoin. ER, now, you know, I came for
40:20
the money originally, but Bitcoin is so much more than
40:25
that. So so that's, that's where the
40:28
next move comes in in place. And we put our house up for sale
40:32
here, in South Florida, and we're, we will be moving the El
40:36
Salvador soon as that, Happens and we're doing that for several
40:40
reasons. One reason is because, you know,
40:45
we want to be part of the movement down there.
40:48
I mean, that is the Hub right now.
40:51
It's safe. It's trending upwards.
40:54
We were down there in April. And went from we, we spent a
41:01
week down there, in the first three days were spent driving
41:04
covering ground across country countries.
41:06
Not that big. But, but we Covered from Santa
41:09
Ana by the Guatemalan border down to low in the Olin and and
41:14
San Miguel down in the, you know, the East part down by
41:19
Honduras. So we covered all that we looked
41:22
at areas, you know, I was always looking for in my life to we're
41:28
looking for kind of signs of of, you know, maybe things not being
41:33
so safe. We didn't see that.
41:36
It's unbelievable. What's going on down there?
41:39
The construction projects, the the the infrastructure projects
41:43
that are happening are everywhere?
41:46
Now, they may not be things that you're going to be looking at.
41:49
But I can tell you a couple of years from now.
41:53
You're going to start seeing that place just take off and I
41:56
think most of the world's going to say man where did this come
41:58
from? And it's because of all the
42:00
Investments are doing now in the infrastructure.
42:03
So, so, Anyway, that's so back to the reason why we're moving
42:08
down there, you know first reason of course they're on the
42:10
right track, we want to be part of the movement there.
42:14
The second reason is my wife is Colombian so she's from Colombia
42:19
originally and her family. Still lives down there and El
42:24
Salvador's Midway, you know, kind of halfway between United
42:27
States and El Salvador. So it works that way.
42:30
The other reason is right now there's only two people in our
42:33
family that have visas that can Come visit us here in the US.
42:37
And so in El Salvador, that kind of solves that problem.
42:40
There's, you know, I think they can all come so that's great and
42:45
visit and and then the fourth reason is more of a It's, you
42:51
know, as we go through our life, there's patterns that kind of
42:54
develop and I grew up in, you know, my dad was in the Air
42:58
Force and we moved around all over the place and I went to ten
43:02
great schools and eight years. So, for me, moving around is no
43:05
big deal. My wife on the other hand lived
43:08
in the same place for 35 years. We've been married 20 years now
43:12
and you know we've moved, I don't know seven eight times
43:16
here in the US about let's say he has to be six times.
43:20
Three years is what our average is and we've been in Florida
43:24
about three years. So, you know, I don't know if
43:27
that's a coincidence or not or just part of the pattern, I
43:30
don't know. But anyway, that's that's, those
43:35
are the main reasons why we moved down here.
43:37
Now, you know, I talked to a lot of people say, boy, I'd love to
43:40
move down there but and you know, my family's here, my jobs
43:44
here, my friends are here, you know, there's all these reasons
43:49
why they can't. Move.
43:51
And really, when you look at those reasons, I mean, I got all
43:54
those reasons to I got all the same reasons to stay here, but,
43:59
you know, there are airplanes, you know, you can get around,
44:02
it's not like it's the 1800s. So, you know, I think the point
44:09
there is that we tell ourselves stories and the stories, we tell
44:13
ourselves are kind of what we live by and those stories can
44:18
really limit what we Want to do and you know, so so that's a big
44:26
point that you know, I think people should be aware of.
44:29
I mean if you say your friends are here and I can't move
44:32
because of that. Well you know you can make new
44:35
friends and you can still keep your old friends just because
44:38
you move, doesn't mean you can, you don't have to be in the same
44:41
city or the same country. I mean, the world is a much
44:44
smaller place now. So, so anyway, you know,
44:46
everyone's situation is different and, you know,
44:49
everyone's got a kind of decide what they want to do for
44:52
themselves but but that's Those are really, you know, my main
44:58
thoughts on moving to El Salvador, there's one other
45:00
thing. There's one other factor that
45:02
kind of comes into this and that's the idea of comfort zone.
45:06
And you know, if you read Jason Lowry's book, Soft war, or if
45:13
you read, let's see what see, I can't hurt me.
45:18
David Goggins, you know, those all talk about comfort zone and
45:23
how dangerous it is, and then Jason Lowery's case, he's
45:27
talking about us being too domesticated or in David goggin
45:33
standpoint. He's talking about being too
45:36
comfortable and so in order to grow you really got to get out
45:39
of that comfort zone. If you don't get out of the
45:41
comfort zone, You know the opportunities for growth are
45:43
just really limited and I think that's something that people
45:47
have to come to terms with. I was lucky we moved around all
45:50
over the place. So so for me I'm a customer that
45:54
I'm used to that change. Change is normal, but for most
45:59
people that grew up in the same place, I have friends back in
46:02
Oregon that had never, you know, they lived there their whole
46:04
life and they can't even see what's going on around them.
46:07
I mean it's like they're our frog being boiled one degree at
46:11
a time. One degree at a time and they're
46:14
staying in the water and so. So anyway.
46:17
That's that's really the main reasons that I wanted to kind of
46:23
talk about I before before I want to, I want to ask you a
46:29
follow-up question. Steve, I want to highlight the
46:31
fit, the fish that we fucked up, we fucked up.
46:34
This is one, two, three, four, five, six, seven, eight, those
46:39
are yellowtail Snapper, 's, we fuck those up and You kick it.
46:44
So so far and shout out to Steve Sophie's, been like putting
46:48
curry sauce on it and I love like, fish with just rice and
46:51
just, it's been delicious been amazing.
46:54
I was definitely one of my what one of the highlights that have
46:57
had in the last two weeks. I got super summer, it was a
47:00
great time. Anyways, I want to give a
47:01
special shout-out in the appreciation for Steve for
47:04
taking me out anyways. Follow-up question.
47:06
So you said that things are on the come up in El Salvador.
47:10
Could you could you Like you elaborate a little bit more, but
47:14
what makes you so sure about that especially as an American,
47:18
right? Because you know, for anyone who
47:20
really hasn't lived in Central and South America, it is
47:23
different. It's very, very different than
47:25
how things work here in the US. So what makes you so
47:28
comfortable? What makes you so confident?
47:30
Well, the first thing is security.
47:32
I mean, that's one of the big things in South America, you
47:35
know, you know, I'm real familiar with Colombia, and it's
47:40
not that all parts are totally unsafe.
47:42
But you know, I I can't go down there, just go anywhere.
47:45
That I'd like, like I can in the US for the most part.
47:48
I mean pox a big cities, I don't think you want to go into no
47:52
matter who you are. So so that it all starts with
47:56
security after that it, you know, that's why I think Bitcoin
48:00
kind of comes into play because there's so much momentum.
48:03
There's so much energy down there if you talk to the people
48:07
down there, there, you know, the one thing I noticed While
48:12
talking to, I don't know. I mean, we didn't talk to
48:14
hundreds but we talked to tens of people.
48:18
They all kind of said the same thing, they're kind of
48:20
shell-shocked. I mean, they've gone through
48:22
hell for, I don't know how many years and just in the last, what
48:27
for years, things kind of turned around started to turn around
48:30
and so they're still a little apprehensive about you know, is
48:35
this going to stay? Is it not going to stay?
48:38
I personally think it's going to stay because of Bitcoin.
48:41
Once you go down that road and you separate the state from the
48:45
money, I mean, I don't think there's any going back on that.
48:50
I don't think people will allow it to, so, you know, hopefully
48:54
that happens here. You know, I, the jury is out.
48:59
I mean, it will eventually happen here, but, you know, I
49:03
think we're going to be in for some rough roads here down
49:06
there. I think we're, you know, I'm
49:09
convinced now if you're an American and you're going down
49:13
there for the first time, what you're going to see as you drive
49:17
from the airport to El zonte, for example, you're going to see
49:20
basically Colombia, you're going to see things that aren't quite
49:25
as nice, you know, exterior wise, you're going to see, you
49:31
know, it's not going to look like like upscale but but once
49:37
you get past that and you dig down a little deeper, I mean,
49:44
well, I could go into that story, but I won't.
49:45
But but, you know, once you dig down a little deeper into it
49:49
then then you'll see. I mean, once you start talking
49:52
with the people there, you'll become very comfortable, very
49:57
fast with what's, what's going on.
49:59
And then, once you see the building projects going on the
50:03
rhetoric, coming out of the, the politicians primarily buchelli
50:08
and all the horsepower coming along with it, Max.
50:11
And Stacy and you know, safe and being a moose.
50:15
I mean there's just a lot going on down there.
50:18
Jack mahler's, putting an office down there.
50:20
I think there's tons of other companies that are moving down
50:24
there, all that, all that momentum kind of tells me.
50:28
That's what I kind of want to be.
50:29
I mean, I don't know what I'm going to do have no idea.
50:33
It doesn't matter to me, it can be a big part.
50:35
It can be a small part, it can be a peripheral part.
50:38
I don't care about. I just want to be part of it.
50:41
Uh-huh. And I love that and you brought
50:43
up Max and Stacy and I just wanted to highlight this this
50:48
tweet by Max. And I think, you know, I think
50:50
it really kind of encompasses how I see El Salvador as well,
50:57
right? So this person replied to Max
51:00
Keiser and sailor and he said you want a currency to track US,
51:04
that's not freedom. LOL and to give the government
51:07
the power to track US, how is that decentralised?
51:09
And I think that person was referring to bitcoin.
51:11
Lee and Max Keiser goes on say Bitcoin replaces.
51:14
The nation-state, As We Know It, El Salvador is a great example,
51:18
present, I'm buchelli, the world's Bitcoin president is
51:21
Reinventing what defines a state, and he's creating a
51:24
sovereign, Masterpiece. You need to stop thinking with
51:27
your Fiat mindset and liberate your kind and mind you.
51:31
This is the theory from the sovereign individual, which I
51:33
recommend every single Bitcoin or to read this book because
51:36
they predicted this back in the 90s, I said, information
51:38
Technologies was going Change the way, the relationship
51:44
between the individual and the state for two reasons.
51:48
Reason number one, which is the theme that we've covered on the
51:51
show, tremendously the disintermediation of information
51:54
right now with the internet, anyone could just have a
51:58
platform and they can direct they can communicate directly to
52:01
you without going through an intermediate in intermediary,
52:05
which makes it incredibly difficult to control the
52:07
narrative. The way that they've been used
52:10
to for many many decades, And then also what Bitcoin is really
52:14
is the disintermediation of money, right?
52:17
And not only will governments lose their ability to control
52:21
the money flows. Like they've been used to for
52:24
many many decades, but they'll also be able to, they'll also
52:28
lose their their unique privilege of being able to
52:32
create money for free that the rest of us have to work for,
52:35
right? And that is going to
52:36
fundamentally change how Society it how this is going to change.
52:41
The Many experienced, right? It's and in the sovereign
52:44
individual, they kind of predicted in the, their
52:46
prediction. Was that instead of this like
52:48
extortion like relationship with bases are a lock you in a box,
52:53
it will become more like a business like exchange, where
52:56
individuals will pick and choose what jurisdictions they want to
53:00
live in. And I think Steve is a great
53:01
example of that, right? He sees the writing on the wall
53:05
with El Salvador and he says, look like it's just I love
53:09
what's going out. I love what's Going on over
53:12
there. And there's a lot of under.
53:13
There's a lot of individuals just like yourself, Steve that
53:16
are seeing the writing on the wall as well and they're like
53:18
look you know I don't like the way the direction that the u.s.
53:21
is heading. I you know I don't like it.
53:26
I I want to move to Freedom country, which is El Salvador
53:29
currently, right? So.
53:32
Yeah, beautiful, beautiful story.
53:35
Steve and I really appreciate you sharing that with us today.
53:39
And when you, when you're down there, we'd love to visit you
53:42
and potentially do an in-person simply Bitcoin IRL from El
53:46
Salvador. I think that'd be awesome but
53:49
all the power to you you have an open invite, I appreciate that,
53:53
man. Preciate that anyways, Opti is a
53:55
time for some memes, bro. Yes.
53:59
All right, let's do it. Let's do it.
54:02
Boom! The daily meme review, brought
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to you by Kaboom racks. I get this question all the
54:10
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54:32
Up to wait, wait, wait. Before we go before we go planet
54:36
Earth is asking Steve, will you be surfing down there?
54:43
Possibly, I'd like to you got it.
54:47
You I was going to. I was going to chime in but Nica
54:49
got very serious that all you got to do is chill out, chill
54:52
out by the beach on a hammock and you're living the life in El
54:55
Salvador. That's all you need to be doing,
54:57
okay? Alright anyways anyways,
54:58
anyways, come on Max, what's up, man?
55:02
One. This is the mean review.
55:04
Your favorite portion of the show where you send us memes on
55:07
Twitter tag, me at simply Bitcoin TV and I will bring on
55:12
the memes. Looks like I'm lagging over
55:14
here. But anyways, bring me the memes
55:16
in the telegram groups and I will cover the memes.
55:18
Live on the meme review. Tweets, are the bullets means of
55:21
the artillery, we are in an information War, it is upon
55:24
every single one of us to continue to spread the signal,
55:27
get the cause of action out there and ridicule, the
55:30
corporate press. Anyways, this first meme, I
55:35
honestly did not connect the two that we were going to be talking
55:38
about El Salvador today, but shouts out to my boys at the
55:41
having party MF on Twitter. Big Sean, Harris, killing it and
55:47
he goes hashtag, Bitcoin is a savings technology and then we
55:50
got Pawn Stars guys here and it goes friend when Bitcoin hits
55:54
100K, you should buy a new house or car and it's got the classic
55:59
Pawn Stars meme where it's like best Do is buy more Bitcoin.
56:03
This is the best I can do continue to stack.
56:05
Okay. This next one is by at Thomas
56:08
far and this is connecting yesterday's numbers to today's
56:14
mean review. And we got the classic you're
56:17
going to be hired Meme here. And it does this printing money
56:19
cause inflation and the person being interviewed goes, no,
56:23
that's climate change. And then the guy hiring guns,
56:26
you're hired. And it's got the European
56:28
Central Bank logo on the door. This is how you get a job.
56:31
Job at the ECB boob wrote, roll it, roll it, right?
56:35
So it's like I wouldn't even use their word of climate change
56:38
because you already kind of conceding a little bit.
56:40
I would say, does printing money cause inflation.
56:43
No, that's the whether you're hired, whether that's the
56:47
weather that is the weather. The weather is causing the money
56:50
printer to Gober, okay. The next meme is by the BTC
56:53
therapist and it goes, it's time for a Bitcoin standard and he's
56:58
got a picture here and we got 2009.
56:59
And there's one person holding Bitcoin Maybe that's just a
57:02
toasty or maybe it's Satoshi and how and then we got 2013, we got
57:06
a few more people and then 2017, there's more people.
57:09
And then 2024 is when the floodgates open up and it is an
57:13
incredible amount of people s SATs sending SATs and spreading
57:17
the signal. Okay, the next meme is by Rd B
57:20
TC and he goes this is why no one invites me out.
57:24
Hashtag can't stop won't. Stop hashtag Bitcoin and we got
57:28
mr. Krabs and Patrick over here from
57:31
SpongeBob and he is just yelling at mr.
57:34
Krabs and it is just the Bitcoin logo with explanation.
57:38
Mark, maybe this is Steve, maybe Steve's Patrick here because all
57:41
roads lead to bitcoin. Okay?
57:44
This next one Nico before before you censor me, this next one is
57:48
a very family-friendly and this is by popper Toshi to and it
57:53
goes, Becca is a keeper. And we got this girl here goes,
57:57
what do men actually want? And then this girl, respond
57:59
decentralized censorship resistant money which can The
58:02
base by the government. Yes.
58:03
This is the way. Okay, and I only owe you go, I
58:09
had a feeling we were going to be covering Nassim taleb because
58:14
the latest rage on Twitter is that we are Bitcoin cult members
58:17
even though we've been talking about this forever and most of
58:20
us doubled down on the idea that yes we are Bitcoin cult members.
58:22
Anyways Fiat. Maxie Bitcoin is a cold and then
58:26
there's a picture of the dollar and it has the all seeing eye
58:30
and Latin phrases. Fuck is That shit bro, which one
58:33
is the cold bro? Which one is the real cool.
58:35
That's so weird. Fucking shit, amazing.
58:39
Okay, this next one. This next one is a little less
58:42
family friendly but it's fitting.
58:44
Okay, this is Bitcoin. A turn.
58:45
It goes. You didn't see anything for now.
58:47
Keep stacking corn and we got Homer Simpson here with a green
58:50
candle. On this side goes, the huge
58:52
green dildo. Candle is near Okay.
58:58
All right. All right.
58:59
All right. Don't be mean review.
59:00
Score in the chat. It's that way, that way.
59:04
Yeah, and we will cover hours live, okay, mine.
59:07
I gave you a stack of Bitcoin mag physical ziens yesterday but
59:12
I'm going to give you this article by my buddy, Joe Rogers.
59:16
And it wait, hold on and it is oh, you can't see it.
59:19
Yeah, there we go. By the Numbers building blocks
59:22
by Joe Rogers. Obviously there's a Pepe in
59:26
there already. Now.
59:27
Okay. All right.
59:29
Let's that's a good score. I'm gonna give it a Bitcoin
59:34
Grove hat. Yeah.
59:40
Yeah, that's my score. Anyways.
59:42
Steve, what would you give those memes?
59:45
It's got to be a school of ten Barracuda Chow Down on.
59:52
I wish I had the video, guys, it was epic.
59:56
We caught a fish and then I got literally bit in half by a
59:59
fucking Barracuda. Just came out of nowhere.
1:00:01
Looking at the water. Yeah, it would.
1:00:05
It was some National Geographic shit.
1:00:07
Not gonna lie. It was pretty Epic.
1:00:10
Ways. All right guys, before we get
1:00:13
into the meme scores, I went up cue.
1:00:16
The epic music right here we go out tea.
1:00:24
Hi Elaine, but Kelly's, Bitcoin country spreading spreads around
1:00:29
the world faster than Black Rock.
1:00:32
Now laying there today. Okay here we go.
1:00:40
Hammer saw I give the memes the hard drive full of Bitcoin lost
1:00:43
in the garage dump. I think it was like 6 million
1:00:45
dollars, really fun at the time Bitcoin for Canadians.
1:00:48
I give the memes a huge green. Candle Pedro says a money
1:00:54
machine from European Central Bank.
1:00:57
Anything anything that's coming out of the Central Bank of
1:01:00
Europe is opt he's fault Opti burgerstein, the guards are
1:01:04
opting, Lagarde, parting ways because the laughing Why did
1:01:09
KISS read by Nico? The huge green dildo can do is
1:01:14
near this is fuck you wine. James aceto says I'm going to
1:01:26
give a simply Bitcoin truth bomb boom boom boom Hado coin.
1:01:30
I give the memes those memes, Fidelity mining hash rate lives
1:01:34
in 2014. All right Opti secret folder
1:01:38
quote, Central bank's. I would score what's in Opti
1:01:42
secret folder. nothing but who's in Opti super secret, subfolder
1:01:46
quote, the only Central Banker, I actually would Hammers all
1:01:53
alright. Alright wait, no sorry.
1:01:56
That was what I wanted popped into Quick planet Earth.
1:01:59
Give the memes a celeb floundering, like the fish out
1:02:01
of the water. He is oof.
1:02:03
All right, last last one and then we got a buzzard.
1:02:09
Pedro Santos says, Opti really messed up my country.
1:02:13
Yep, blame, all your woes on Opti, he's responsible.
1:02:16
Some way. This is obvious fall.
1:02:18
He is single-handedly responsible for the Central
1:02:20
Bank, digital currencies, meaning a tufted in your
1:02:23
country. Anyways I want to give a very
1:02:27
special shout-out to our awesome guest.
1:02:29
Steve, thank you so much for for joining us today.
1:02:32
We really, really appreciate it. The best of luck to you on your
1:02:36
travels and your new journey to To the promised land of El
1:02:40
Salvador and really appreciate you coming on the show today.
1:02:43
Well, thanks for the invite and just so, you know, we do have
1:02:47
our tickets to the having party. Okay.
1:02:50
I'll see you there. Looking forward to it.
1:02:53
And like I said, Steve, thank you so much for joining us
1:02:55
today. Yeah, thank you, appreciate it.
1:02:58
Alright guys, thank you so much for tuning in to another episode
1:02:59
of something Bitcoin live. If you enjoyed the show notes, a
1:03:01
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1:03:18
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Carlos, sorry, so check that out.
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1:03:38
Back. So definitely join those spaces.
1:03:40
If you, if you want to chat already, CT in that TC in there
1:03:43
and a bunch of other bitcoiners that I'm friends with and maybe
1:03:46
Steve joins us as well. So you guys are in good hands
1:03:48
with Opti. But until then, I'll see you
1:03:50
guys tomorrow for another episode of Simply Bitcoin live.
1:03:53
And we've got a very special guest coming up on simply
1:03:55
Bitcoin IRL tomorrow, I'm debating.
1:03:58
Whether I should tell you guys now, I'll tell you on tomorrow
1:04:00
show. Anyways, dachshund Today.
1:04:06
No, no. Just tease him today.
1:04:08
Okay. Okay, it's summer in some
1:04:11
someone that you guys will appreciate you really like
1:04:13
anyways. No I love you guys.
1:04:15
I'll see you tomorrow another episode of Simply Bitcoin live.
1:04:17
Peace out everybody peace. The Kabul.
1:04:33
Relax at the end, kills me. All right, guys, you got another
1:04:36
deal. This is a simply Bitcoin spaces.
1:04:39
I do have a few friends up but don't be shy.
1:04:42
This is a Bitcoin space buy Bitcoins for bitcoiners.
1:04:45
So come up here. Add your two cents to the
1:04:47
conversation. We want to hear from you guys.
1:04:49
This is not about us sitting here on our soap box.
1:04:51
It's about having a conversation with every one of you guys.
1:04:55
So right?