Latest / Simply Bitcoin / Is The Worlds Richest Man SECRETLY Buying Bitcoin?! | EP 1279

Transcript

Is The Worlds Richest Man SECRETLY Buying Bitcoin?! | EP 1279 · Simply Bitcoin

• 0:00
  So what if we told you that the world's richest man was silently
• 0:05
  buying Bitcoin? Well, what we do know is that
• 0:09
  right now we are witnessing a Bitcoin supply shock.
• 0:14
  We can see that around 600,000 Bitcoin have left the exchanges
• 0:19
  over the past seven months alone.
• 0:21
  And today we're going to be exposing some very, very cryptic
• 0:26
  tweets, but I think makes the case that the world's richest
• 0:30
  man might have made a little bit of a Bitcoin backflip and he
• 0:34
  could be responsible for buying some of those thousands, if not
• 0:39
  hundreds of thousands of Bitcoin on the exchanges.
• 0:43
  Before we start really uncovering the truth surrounding
• 0:47
  the world's richest man, I'm going to bring on my optimistic
• 0:51
  Co host to talk about what we do know for sure, and that is the
• 0:55
  Bitcoin supply shock. Opti and myself, we've been
• 0:59
  talking about the number of Bitcoin on exchanges here for a
• 1:02
  couple of weeks and we've been really kind of scratching our
• 1:04
  heads saying what is happening, Who is buying all of this
• 1:07
  Bitcoin? We do have some really
• 1:10
  interesting data we want to dive into today, but let's start, you
• 1:14
  know, without speculation Opti, let's just bring a new person up
• 1:18
  to speed on what we can see that we know for sure.
• 1:21
  Let's start with this chat here. Yeah, so we have been watching
• 1:26
  this and if you've seen Luke on the show, you know we've been
• 1:28
  hitting this idea for a while. If you watch Ruston's show, we
• 1:32
  know he created the meme, the mother of all supply shocks.
• 1:35
  Everyone is kind of wondering a couple of things, Obviously what
• 1:40
  is going on with the Bitcoin price when you're getting this
• 1:43
  incredible amount of interest from corporate treasuries, which
• 1:46
  we will cover in the news later today on the show.
• 1:50
  If they are actually buying all of this Bitcoin, where is it
• 1:53
  coming from? Obviously Luke will probably
• 1:55
  expand a little bit on the idea of exchanges leaving or Bitcoin
• 1:59
  leaving the exchanges more of what retail is kind of focused
• 2:02
  on. But this chart here that I found
• 2:05
  of the over the counter Bitcoin being drained, I think it's very
• 2:09
  interesting. And for those people that don't
• 2:11
  really understand what over the counter really means is
• 2:13
  essentially, you know, they have brokers that they can buy
• 2:16
  Bitcoin essentially on the back end, You know, that this Bitcoin
• 2:21
  isn't on the exchanges. This isn't getting, you know,
• 2:23
  depleted from the exchanges that you buy, say, on, you know,
• 2:26
  Bitcoin well, or Coinbase or Binance or whatever your
• 2:31
  favorite exchange is. This is not what the public sees
• 2:34
  per SE. This is if you are a huge
• 2:36
  broker. This is if you're buying huge
• 2:38
  chunks of Bitcoin at a time. And I think this is pretty
• 2:41
  compelling data here, Luke. I can't see these numbers here,
• 2:45
  but we've seen it. What drop?
• 2:48
  Let me walk through. I'm going.
• 2:49
  To Yeah, yeah, read that a little bit because I can't fully
• 2:51
  see that. Let me get my big ugly head.
• 2:53
  Close to the camera we can see that this number the Bitcoin on
• 2:57
  the over the counter desk. These peaked at 600,000 coins
• 3:03
  back in 2019 and this has been relatively consistently going
• 3:08
  down to today. It's there's about 155,000
• 3:13
  Bitcoin on the exchanges. So we've seen about what's that
• 3:16
  75% of all of the supply on the OTC desks drained.
• 3:22
  And what's really important about that number, Optic, which
• 3:24
  relates to what you just said, is this is like the secret desk.
• 3:28
  This is like the secret stash of Bitcoin.
• 3:30
  Yeah, exactly. That the big boys used to buy
• 3:33
  their Bitcoin without moving the price.
• 3:36
  So this is maybe why we've been going a little bit extra bull
• 3:40
  tarted over the past six months because have a look at how
• 3:43
  quickly this trend has been accelerating to the downside.
• 3:47
  OK, this has been really moving down in a big way recently.
• 3:52
  And what we continue to say here on the show is like look, we
• 3:55
  don't know what's going to happen when this number of
• 3:58
  Bitcoin on OTC desks hit zero and again, we're not just cherry
• 4:03
  picking data here. We know the Bitcoin on the
• 4:06
  broader exchanges as well has been consistently trending down
• 4:11
  for about what, five years consistently?
• 4:14
  I like this chart. It shows us the different
• 4:16
  epochs, but the chart that shows us the part the past three years
• 4:20
  of data is this one here from Crypto Quant.
• 4:22
  And this looks scary, like this is a parabola to the downside.
• 4:26
  This is insane. And we just think like, hey, if
• 4:31
  this continues, maybe the Bitcoin price is going to really
• 4:35
  surprise us to the upside. What do you think, Opti?
• 4:38
  What's your read into these OTC desks?
• 4:41
  Well, as this comment says right here from the chat, shouts out
• 4:44
  to David. He goes 156 K of the OTC Bitcoin
• 4:47
  is critically low. I think this is kind of the
• 4:52
  simple supply and demand economics around Bitcoin.
• 4:55
  Again, you know, I hate using the term.
• 4:58
  There's not that much Bitcoin, but when you really look at the
• 5:02
  data, it is starting to paint a picture that there really isn't
• 5:05
  that much Bitcoin on exchanges. And what what has to happen for
• 5:08
  more Bitcoin to hit the exchanges?
• 5:11
  The price of Bitcoin has to go up.
• 5:12
  And that's the big question everyone's been asking here, you
• 5:15
  know, is there paper Bitcoin or rather how much paper Bitcoin is
• 5:18
  in the system right now? How much paper Bitcoin is
• 5:21
  actually being traded? There's a whole new, you know,
• 5:24
  that screed on Twitter about Bitcoin corporate treasuries
• 5:28
  being the new paper Bitcoin play.
• 5:30
  And that doesn't even account for the fact that maybe the
• 5:34
  nation states are also buying Bitcoin.
• 5:36
  There has been some concerns of whether the ETFs actually own
• 5:39
  all that Bitcoin that they, you know, supposedly bought.
• 5:42
  I think now it's over, it's actually, it's very clearly over
• 5:46
  a million Bitcoin that the ETFs have gobbled up.
• 5:49
  We know sailors buying. I would think he's damn near
• 5:51
  600,000 Bitcoin. Like where is all the Bitcoin
• 5:56
  coming from here? And as a lot of people been
• 5:57
  saying on Twitter, and I'm not saying this is the case here, I
• 6:02
  I really don't believe this is the case, but as people been
• 6:05
  trolling, it's going to be very interesting if we find out that
• 6:09
  there's really more than 21 million Bitcoin being traded on
• 6:12
  these paper Bitcoin trades here. So it is looking like what Luke
• 6:17
  has been saying, what Peter Dunworth has been saying.
• 6:20
  You know, I don't know if you guys saw yesterday's show, but
• 6:22
  Luke was super bullish about it. Honestly, you when you first
• 6:26
  told me this idea, I was like, yeah, that that it makes sense
• 6:29
  logically, the idea of, hey, you know, less bitcoins going to be
• 6:33
  on exchanges, but those values of those Bitcoin per Bitcoin
• 6:37
  will go up and that will account for basically the global, you
• 6:40
  know, liquidity of Bitcoin. The, the logic makes perfect
• 6:43
  sense, but the idea that I've been kind of pushing back on the
• 6:47
  show when we talk about this is, you know, I always, I do believe
• 6:50
  that at any price there will be some Bitcoin.
• 6:52
  It just means that other, you know, older holders are
• 6:55
  essentially incentivized to to, you know, chip off a little bit
• 6:58
  of their purchasing power in Bitcoin.
• 7:00
  So there's always I think a price that people will sell
• 7:03
  their Bitcoin at. Maybe everyone has a different
• 7:06
  price. I mean, we've been kind of
• 7:07
  covering the data here on the show.
• 7:09
  If you're an OG and you bought Bitcoin at $100 a dollar, a
• 7:12
  penny or whatever 100K was your moon shot.
• 7:14
  So we're seeing a lot of old time holders, you know,
• 7:18
  distributing their, their Bitcoin and and they are taking
• 7:21
  some purchasing power gains off the top.
• 7:24
  Well, for you, if you bought at 100K, that number might be a
• 7:27
  million, that number might be 10 million.
• 7:30
  You will eventually use or rather you know, cement your
• 7:33
  purchasing power here. So I always kind of push back on
• 7:36
  that a little bit. But the data is showing us
• 7:40
  someone is buying all of this Bitcoin, whether it's the
• 7:43
  corporate treasuries, whether it's the nation states, or as
• 7:47
  we've seen this new trend, it might be billionaires starting
• 7:50
  to FOMO into Bitcoin. They might be looking at what
• 7:53
  we're seeing and being like, yeah, you know what, maybe I
• 7:56
  actually do have to diversify out of the traditional financial
• 8:00
  system and maybe it is time for me to buy some Bitcoin.
• 8:04
  And that really leads into this speculation.
• 8:07
  I think we could say this is a little bit of speculative here,
• 8:11
  but I think, you know, we, we, I think we might have hit on
• 8:15
  something. So look, you want to pull those
• 8:17
  tweets up in the let Let's have everyone throw tomatoes at us.
• 8:21
  Absolutely. Let's bring the tomatoes.
• 8:23
  So again, we've kind of set the table so to say we got a supply
• 8:26
  shop, but who's damn creating it?
• 8:28
  That's the big kind of question we've got and I, I think the,
• 8:33
  the first kind of tweets I think I might bring up.
• 8:37
  Would you want to do tweets or articles?
• 8:39
  I don't know. I think, I think we let them
• 8:44
  wait long enough. Let's let's pull up the tweets.
• 8:47
  Let's dive into it. OK, so this is the first one
• 8:50
  that you slid across my desk this morning, Opti.
• 8:53
  All right, the rumors are true. Elon is stacking Bitcoin again.
• 8:57
  So of course, the world's richest man with a is about a
• 9:00
  $400 billion. Yeah, it's such a different
• 9:04
  numbers this morning. One was $409 billion of wealth,
• 9:07
  the other one was 379. So suffice to say above 300,000,
• 9:15
  three, $100 billion of wealth sitting there.
• 9:18
  And it looks like he might have got caught on Twitter.
• 9:24
  Before, before maybe we talk about how he got caught.
• 9:30
  Opti, do you want to walk the people through who he recently
• 9:34
  appointed at Twitter? Yeah, yeah.
• 9:37
  Let me. Do you have those tweets?
• 9:38
  Let's pull that up so. Absolutely.
• 9:42
  As you can see, actually go back for a second.
• 9:44
  Let's let's explain what is going on with these these tweets
• 9:47
  here. So a bitcoiner on Twitter who is
• 9:49
  kind of known for, you know, trolling a little bit.
• 9:54
  Did I lose Luke? Luke, your camera's dying on
• 9:56
  you. Yeah, I'm just charging
• 9:57
  batteries in the background. Alright, no, no worries pull up
• 9:59
  the pull up the original Chris coin join Chris tweet here.
• 10:04
  So I don't know if you guys heard there's actually you know
• 10:09
  we'll probably talk about it later, but Elon Musk has been
• 10:13
  going out here. We all know he had this saga
• 10:15
  over at doge. He basically got burnt out.
• 10:18
  His whole goal here was to cut spending from the federal
• 10:22
  government level. And then he is now
• 10:26
  disillusioned, right? He is.
• 10:27
  He's going, he's going at the president.
• 10:30
  He is going on Twitter essentially saying, hey, there's
• 10:33
  two party systems, basically the UNI party system.
• 10:35
  We need a third party, the American party.
• 10:38
  And Bitcoiners have been going crazy about it.
• 10:40
  They're like, look, bro, I get it.
• 10:43
  You know, you're burnt out with politics.
• 10:45
  But at this point, you should probably understand that there
• 10:48
  is no stopping this, this train. You can't fix politics from the
• 10:52
  inside of the Fiat system. And so a lot of big corners kind
• 10:56
  of went out yesterday because he he was doing these polls.
• 10:59
  He went out yesterday and was like, all right, you know, we
• 11:02
  need a new party. This is the only way we're going
• 11:04
  to cut spending. Again, his biggest, biggest like
• 11:07
  issue is with government spending, which is obviously
• 11:10
  something we talk about here constantly.
• 11:12
  But there was a point yesterday where people were tagging Elon
• 11:17
  Musk and like, hey, bro, the the the third party is not going to
• 11:21
  work. The real fix here is you
• 11:24
  stacking Bitcoin. And someone tagged Musk and was
• 11:27
  like, you know, why isn't Elon Musk stacking Bitcoin?
• 11:31
  Bitcoin is the only way to fix this.
• 11:33
  You know, the you can't fix the party from the inside.
• 11:36
  And then Cohen joined Chris here, as you can see, very
• 11:39
  cryptically was maybe he is stacking quietly.
• 11:42
  And what happened afterwards was kind of where the speculation
• 11:48
  starts. So he posted a screenshot of
• 11:50
  Elon Musk liking this tweet, as you can see here.
• 11:54
  You know, maybe he's talking quietly.
• 11:55
  Elon Musk liked it. Not saying, you know, just
• 11:59
  'cause you send a like doesn't necessarily mean that he is
• 12:02
  agreeing with this. But I think this might be
• 12:04
  telling us something here because Elon Musk hasn't really
• 12:08
  engaged with Bitcoin on Twitter for years now.
• 12:12
  We have seen the saga. And if you want to pull up those
• 12:15
  tweets and. Oh yeah, speculation was people
• 12:17
  were saying, oh, this is probably fake.
• 12:19
  He's just doing this for engagement.
• 12:20
  He later came out on Twitter and was essentially saying no dude,
• 12:23
  like this was actually the Elon Musk verified account to like
• 12:28
  this. But an interesting tidbit about
• 12:31
  this is yesterday as well. That this guy Nikita Beer or
• 12:36
  yeah, I believe it's Nikita Beer and maybe Nikita Baer.
• 12:39
  He just got appointed as head of product at Twitter or at X.
• 12:43
  And we all know that the CEO has been going out CEO of Twitter or
• 12:48
  X has been coming out and saying, you know, Twitter X
• 12:50
  payments are coming soon. We want them to do we want them
• 12:53
  to be peer-to-peer payments. You know, directly we want X to
• 12:57
  be your all in One Financial app.
• 13:00
  And this guy yesterday was just appointed head of product at
• 13:04
  Twitter, but that's not the news in and of itself.
• 13:08
  Luke, if you're still there, let's pull up his other tweet
• 13:11
  here. And I think all of this is kind
• 13:13
  of making a case for potentially the direction we're seeing
• 13:17
  Twitter go 1. You know, the CEO, the the
• 13:21
  biggest shareholder at Twitter is now liking Bitcoin tweets
• 13:25
  about him quietly stacking Bitcoin.
• 13:27
  And now the new head of product of Twitter, which we know is
• 13:30
  trying to go towards Twitter payments or Twitter X money or
• 13:34
  peer-to-peer payments, as it was said in that clip.
• 13:37
  And here's his tweet. I think there's a non zero
• 13:39
  chance we piss off enough countries, decimate foreign
• 13:42
  demand for treasuries, obliterate the dollar and
• 13:45
  everyone realizes that this style of negotiation was a one
• 13:48
  way door and we all switched to Bitcoin.
• 13:51
  And this wasn't a tweet a long time ago.
• 13:53
  This was about what a month ago April 4 2025 S all of that is to
• 13:58
  say yes we are speculating a little bit here but it looks
• 14:02
  like Twitter may be becoming more friendly around Bitcoin.
• 14:07
  Are they finally coming around? Will we see Twitter or yeah,
• 14:11
  Bitcoin actually implemented into Twitter that cuz that would
• 14:17
  be huge. I, I forget how many users are
• 14:19
  on Twitter, but it is one of the dominant social media apps.
• 14:24
  And you know, we all know how much we love primal.
• 14:26
  Primal zaps is basically the only reason why you'd be on
• 14:30
  primal at this point. Like yes, I, I love the free
• 14:33
  speech aspect of the fact that, you know, it's censorship
• 14:35
  resistant. You can't really delete stuff,
• 14:38
  but everyone loves a ZAP feature.
• 14:40
  That's really what people love there.
• 14:41
  And if Twitter implements that, I don't know, it's game on for
• 14:44
  social media here. OK.
• 14:46
  What do you have there, 250 million?
• 14:49
  2. 100 million plus users that would be huge.
• 14:53
  That would be a game changer. So you know, we know the must
• 14:56
  saga in Bitcoin is kind of controversial here. 2021, they
• 15:02
  talked about oh, Tesla's not going to accept Bitcoin payments
• 15:05
  anymore until you know, it's been proven that that Bitcoin is
• 15:09
  51% green and then that happened and sorry Luke, I can't hear
• 15:18
  you. Are you there?
• 15:20
  Yes. Your camera's still off.
• 15:22
  I'm blessing the people with my beautiful voice, but not my big
• 15:25
  ugly face today. You're you're 100% right.
• 15:28
  So Tesla, obviously there's a little bit of that speculation,
• 15:31
  right? Why did Tesla ban Bitcoin
• 15:34
  payments back in 2021? They came out, they put $1.5
• 15:38
  billion on the balance sheet of Tesla.
• 15:41
  They're publicly traded company. They said, yeah, you know what,
• 15:44
  we'll even accept Bitcoin for Teslas.
• 15:46
  But, you know, and then what's interesting is as Bitcoin was
• 15:49
  pumping weeks after China banned Bitcoin way back in 2021, Elon
• 15:56
  also said, yeah, you know what? Bitcoin is so dirty, Opti.
• 16:00
  We don't want to accept that for payment.
• 16:02
  We're going to just we're going to halt our horses here.
• 16:05
  But what I found interesting with Musk was he didn't actually
• 16:09
  sell the the Bitcoin on the balance sheet for a lot of time
• 16:13
  there in 2021. It wasn't until I think was that
• 16:16
  this article in mid 2022 that he actually sold what $64 million?
• 16:22
  He was just what testing the liquidity of the Bitcoin on the
• 16:25
  balance. Sheet I think that was too Luke.
• 16:27
  I think that was 2.2 different ones because I remember in 20,
• 16:30
  21, I think that's the time actually I was, I was kind of a
• 16:34
  kind of shocked by that. The 2021 Tesla payment green
• 16:38
  saga was 2021. Like time really does fly past.
• 16:41
  But if I can remember correctly, I think it was around that time.
• 16:45
  And then we see this here where he did sell some Bitcoin for a
• 16:49
  profit. And Luke, I don't know if you're
• 16:51
  going to touch on this article a little bit, but just hit, hit
• 16:55
  that subtitle right there. That's really the the signal
• 16:58
  here. And we all know what happened
• 17:00
  with Sailor recently. Absolutely.
• 17:04
  Tesla made millions when it offloaded 75% of its Bitcoin
• 17:08
  last quarter. But accounting rules mean it
• 17:12
  still took a hit to its balance sheet.
• 17:16
  You make a really good point there, Opti.
• 17:18
  Michael just recorded what was it a $14 billion profit in he's,
• 17:25
  it looks like he's going to secure a $14 billion profit in
• 17:29
  Q2. And why is that?
• 17:31
  That's because the accounting rules have now changed since
• 17:34
  Elon Musk initially had to kind of deal with the, let's say, not
• 17:41
  so optimal, you know, fair that fair value accounting that
• 17:47
  Bitcoin didn't have back in 2022.
• 17:50
  So obviously now things have changed.
• 17:52
  Opti, this is another extra layer here that a lot of people
• 17:57
  are saying, hey, is Elong going to start aggressively putting it
• 18:00
  on the balance sheet? Yeah, exactly.
• 18:03
  I mean, and, and to that point, we still know Tesla owns about
• 18:07
  11, I think it was 11.4000 Bitcoin, you know, so 11,400
• 18:12
  bitcoins still on the Tesla. Yeah, pull that up.
• 18:15
  What's the numbers there? 1509.
• 18:18
  OK, more so, you know, maybe they're not continuously
• 18:24
  accumulating Bitcoin, but they still hold a sizeable chunk of
• 18:29
  Bitcoin. So we do know he's on the one
• 18:32
  hand a believer. There is some good clips of Elon
• 18:34
  from the past essentially saying, you know, AI and it
• 18:38
  can't crack Bitcoin. You know, Bitcoin's a good idea.
• 18:42
  And then he kind of goes out and trolls about Doge and then he
• 18:44
  says some dumb things about Bitcoin.
• 18:46
  I think he said the only thing more BS than Bitcoin is Fiat or
• 18:50
  something like that. So he he loves, he's a, he's an
• 18:53
  edge Lord here. You know, he loves trolling, but
• 18:56
  maybe his stint in government maybe kind of triggered
• 19:03
  something in him where he's like, yeah, you know what?
• 19:06
  Maybe these bitcoiners are right.
• 19:07
  Nothing does stop this train. Inflation is out of control, but
• 19:12
  you know, they're going to just continue to print.
• 19:14
  They'll continue to spend billions of dollars.
• 19:17
  And I do have an update on the big beautiful bill that relates
• 19:19
  to Bitcoin. But we, we saw, you know, it's
• 19:23
  really more of the same here in regards to what's coming out of
• 19:26
  the federal level. And so maybe that stint in
• 19:29
  government kind of did open his eyes to the fact that, yeah,
• 19:32
  actually you probably can't fix this system from within.
• 19:36
  Maybe we need to try something. Alternatively, maybe we need a
• 19:40
  parallel system, AKA Bitcoin. So who knows if he's coming
• 19:43
  around. But I did find this very
• 19:46
  interesting. You know, he's interacting with
• 19:49
  Bitcoiners again. And whenever he does that, he
• 19:52
  usually does do a pivot into Bitcoin.
• 19:54
  He's been ignoring us for years at this point.
• 19:57
  It might be time. It might be time, Luke.
• 20:00
  I think it has to be time. Think about the other
• 20:03
  billionaires right now, Opti, this is something else that we
• 20:07
  haven't really talked about here on the show for a little while.
• 20:09
  But let's not forget Microsoft shareholders wrote a letter to
• 20:14
  the board and they said, please, will you do your due diligence
• 20:17
  on Bitcoin? Will you reinvestigate Bitcoin
• 20:22
  as a strategic reserve asset? And I think a number of these
• 20:26
  very large top 10 publicly traded companies were all forced
• 20:30
  to look into Bitcoin. I remember Microsoft, maybe
• 20:34
  Amazon from memory. I think there was another one in
• 20:37
  that top ten that was also kind of written to from its
• 20:42
  shareholders. And Tesla, again, it's just
• 20:46
  another one of these big guys who right now must be feeling
• 20:50
  the heat that Michael Saylor is applying to those big multi
• 20:55
  trillion dollar companies. Because I really would love if
• 20:59
  somebody made an updated chart of the Micro Strategy balance
• 21:05
  sheet, because there's a really cool chart flying around a
• 21:08
  little while ago and it showed that micro Strategy's balance
• 21:12
  sheet was like in the top 10 purely because of its Bitcoin
• 21:16
  holdings. Now we are talking about, this
• 21:19
  is all of the publicly traded companies in the world at the
• 21:22
  top of this chart. We got Apple $156 billion on the
• 21:26
  balance sheet. We got Alphabet 93 billion,
• 21:29
  Amazon, Microsoft, Meta, these are the who's who.
• 21:33
  And obviously this is a little bit of an outdated chart, but
• 21:36
  Michael, right now, if I were to pull up Sailor Tracker, let's
• 21:40
  create our own chart live. Yeah, I think it's like 44
• 21:44
  billion, right? Higher.
• 21:47
  Higher. 65 billion. Dollars.
• 21:50
  That's crazy. So what?
• 21:52
  More than General Electric? That's insane.
• 21:55
  Let's jump back on over to our chart and let's put things into
• 21:58
  perspective because again, people are like, OK,
• 22:01
  MicroStrategy, it's a fringe Bitcoin stock.
• 22:04
  No, guys, Microstrategy's got $66 billion of Bitcoin.
• 22:08
  It's just behind Meta. It literally has the 6th largest
• 22:13
  treasury in the entire world. Wait, wait, wait, wait for for
• 22:16
  the audio listeners, just name those top five companies.
• 22:21
  Just to kind of put this in the context of how insane this move
• 22:25
  by Sailor actually was. We got Apple 156 billion, then
• 22:30
  there's a big drop off. Alphabet 93, Amazon 88,
• 22:36
  Microsoft 78 billion, Meta 70 billion, and then Michael is
• 22:42
  just behind them. He's chomping at the heels.
• 22:45
  He's got 66 billion dollars of Bitcoin on the balance sheet.
• 22:49
  So again, all it what we would need to see is like just a
• 22:53
  little bit of couple more Bitcoin buys and Michael could
• 22:56
  have the second largest treasury in the entire world.
• 22:59
  And that all of a sudden what, what does Musk do now?
• 23:03
  Musk has to adopt Bitcoin. There's no other alternative.
• 23:09
  Yeah. And and further, I think we did
• 23:12
  play it on the show, that clip of Sailor basically saying, you
• 23:15
  know, I watch Elon Musk and Mark Zuckerberg, you know, turn their
• 23:19
  companies into these huge super companies, billionaires.
• 23:25
  They get all the accolades. And he was sitting on the
• 23:28
  sidelines. Like, how can I do that?
• 23:29
  For me? He implements Bitcoin.
• 23:32
  And I say all that to say, like, these billionaires are in
• 23:35
  competition with each other of who can be the more badass
• 23:38
  billionaire. And maybe Musk is seeing this
• 23:41
  and being like, you know what? Maybe there's something to that.
• 23:43
  And I do want to add one more little wrinkle here.
• 23:46
  We all do know, or rather maybe you don't, but we have heard
• 23:51
  that, you know, one of the main reasons for Musk kind of moving
• 23:54
  away from the government, besides his like,
• 23:56
  disillusionment with it, is that Tesla was kind of struggling for
• 24:00
  a little bit. We all know there there was
• 24:01
  protest against it. There was all kinds of upheaval
• 24:04
  around Tesla. He kind of had to move back and
• 24:07
  focus on Tesla because the earnings calls were really bad
• 24:10
  at that same time. So, you know, not saying Tesla
• 24:15
  as a company is going to do bad because I, I see Teslas
• 24:18
  everywhere, you know, but maybe he'll supercharge that company
• 24:24
  by really going balls deep into Bitcoin.
• 24:26
  Sorry, family show going very, you know, head first into
• 24:31
  Bitcoin. I maybe, maybe I, you know,
• 24:35
  again, I'm, I'm biased here. Maybe I'm reading into things,
• 24:38
  but we are seeing that we we might get a new wave of Elon
• 24:43
  Musk shilling Bitcoin. Let's just hope he stays away
• 24:45
  from Dodge again, because maybe now he finally realized the
• 24:48
  error of his ways. Gosh, I hope he does stay away.
• 24:52
  Here's the interesting thing, Opti.
• 24:54
  And again, we'll play that. Maybe we'll play that video for
• 24:57
  the people after the next segment.
• 24:59
  We'll find that video for you guys the.
• 25:02
  Sailor One. Yeah, yeah.
• 25:03
  But what's really let me see. How I can find yeah?
• 25:05
  Is that again, we agree Elon is going to have to adopt Bitcoin
• 25:09
  at some stage. And when he does, back to the
• 25:13
  chart that I always scream about like a female, we could see that
• 25:18
  literally take a look at it. There's 2.2 million Bitcoin on
• 25:22
  exchanges and Michael at MicroStrategy holds 600,000.
• 25:28
  So there's literally enough Bitcoin on exchanges for another
• 25:31
  3 billionaires or three entities.
• 25:33
  This could be 3 companies, this could be 3 nation states to buy
• 25:38
  more Bitcoin than MicroStrategy. And I agree with your point,
• 25:42
  Opti, these guys, I believe that they do kind of look at this as
• 25:48
  a competition. It is a huge competition for
• 25:52
  them. And Michael, right now, he he is
• 25:56
  within striking range of having the second most valuable
• 26:00
  treasury in the entire world. We could literally see this in a
• 26:04
  matter of months. It's not that far away at all.
• 26:08
  So again, this is goes back to the supply shock aspect that we
• 26:12
  continue harping on like it is real.
• 26:15
  It is scary. We've got all of these
• 26:17
  billionaires interested in Bitcoin.
• 26:19
  We've got Jeff Bezos partying on the Giga Chad's yacht at
• 26:23
  Christmas. We've got what's his name?
• 26:26
  Mark Zuckerberg, the CEO of Meta.
• 26:29
  He has a goat named Max and the other is named Bitcoin.
• 26:33
  And we have all of these other billionaires in the top ten
• 26:36
  slowly making a pivot into Bitcoin.
• 26:38
  And maybe today, Opti, today on Twitter, you might have found
• 26:43
  that one liked tweet from our friend Elon that also suggests
• 26:48
  he's about to make a play in a Bitcoin too.
• 26:51
  Yeah. No, I I totally agree.
• 26:53
  And then I found the clip here. So I'll pivot the numbers.
• 26:56
  We'll continue this conversation because I, I think it's fitting
• 27:00
  considering what we're what we're talking about today.
• 27:02
  But on that note, guys, of course, I want to remind you
• 27:05
  and, and Luke, pop off. Let's try to get your camera
• 27:07
  going again and, and I'll handle this.
• 27:09
  Keep we'll keep it going. So pop off, pop back on.
• 27:12
  Hopefully your camera works and I know I'll keep it running.
• 27:16
  All right, guys, I do want to remind you guys, of course, if
• 27:19
  you like this show, please smash the like button and then of
• 27:23
  course, comment on the video. Let us know do you think Elon
• 27:26
  Musk is buying or rather, do you even care if Elon Musk is
• 27:29
  buying? I think might be a more fitting
• 27:31
  question here. And of course, hit the subscribe
• 27:33
  button because we are dropping not only the best content around
• 27:37
  Bitcoin, but the most content around Bitcoin.
• 27:40
  We have the live show Monday through Friday at 12:15 PM.
• 27:43
  And then Dante Rustin Oceans continue to drop that hot fire
• 27:47
  for you guys basically every single day subscribe we are
• 27:52
  killing it here all right anyways, you know pat myself on
• 27:55
  the back all. Right.
• 27:57
  I'll come back and pat it for you in a minute.
• 27:59
  Yeah, yeah. Before we move on though, I do
• 28:01
  wanna give a shout out to our partner Bitcoin.
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  Well, hold on, I can't find it for some.
• 28:09
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• 28:53
  All right, looks like we got Luke back.
• 28:55
  And of course, if you scan the QR code and you Sign up today,
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• 29:03
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• 29:08
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• 29:12
  All right guys, on that note, I will, I do have it pulled up.
• 29:15
  We'll play the Sailor clip again and we will chat about it a
• 29:17
  little more. I want to tell you guys about
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• 30:53
  Alrighty then guys. Oh, let's go.
• 30:56
  OK, I'm over here in Clark When's Dashboard?
• 30:59
  As you can see, the Bitcoin price is currently at 109,480.
• 31:05
  Shouts out to the bulls out there.
• 31:07
  You know, a big middle finger to the bears, especially my friend
• 31:12
  that is still blowing up my phone and saying if we don't
• 31:14
  break all time high in 13 days, it's over.
• 31:17
  Bro. I was actually trolling him
• 31:19
  yesterday because we did see the Bitcoin price kind of respond
• 31:22
  negatively to this Bitcoin or beautiful Bitcoin or sorry,
• 31:25
  beautiful, big, beautiful bill. And it went to like 105 and now
• 31:29
  we're back at basically 110. What down -2.2% on the all time
• 31:36
  high price and you got and he's still bearish.
• 31:39
  It makes no make it make sense. Make the math make sense to me.
• 31:43
  How could you be bearish at a negative 2% all time high price?
• 31:48
  Like what is going guys, you know, go outside and like enjoy
• 31:53
  life a little bit. Get off the doomer Twitter
• 31:55
  corner. It's like The Lion King, you
• 31:56
  know that dark corner over there on Twitter.
• 31:58
  Stay away from it. Do not follow the doomers.
• 32:01
  It is not profitable for your wallet and it is not good for
• 32:06
  your mental health. Anyways, the block height is
• 32:08
  currently at a 903,696. The market cap is currently at
• 32:13
  $2.18 trillion. We are at 9.27% of the gold
• 32:18
  market cap. And then of course, probably the
• 32:20
  best, best number here for the hard money advocates, the
• 32:24
  realized monetary inflation .84%.
• 32:26
  It's the hardest money period. Nothing comes close to it.
• 32:29
  And that is going to continue to go down.
• 32:31
  Again, I think when we first started this, this was at like
• 32:33
  3.94%. When we first started covering
• 32:36
  that metric .84%. You know, the, the Fiat central
• 32:40
  bankers wish they could get to 2% and they can't even do that.
• 32:44
  And then everyone out here like, oh, bitcoin's over, bro.
• 32:46
  Like this Bitcoin thing's done all right.
• 32:48
  Anyways, anyways, we were just talking about the Sailor clip.
• 32:51
  I'll I'll, I'll stop rambling in more here and I'll play the clip
• 32:55
  and then we'll kind of continue this conversation.
• 32:58
  And a guy after 30 years in business and an engineering
• 33:01
  education, reasonably educated but not a classically trained
• 33:06
  economist, not an Austrian economist.
• 33:08
  I am struggle with struggling with the time honoured question.
• 33:11
  What is money? I need a liquid fungible asset
• 33:17
  which will store my economic energy for an indefinite period
• 33:21
  of time, that is. And So what is money?
• 33:25
  I'm looking for money and I, you know, eventually I get to gold
• 33:29
  and I'm like, I'm thinking, should I buy $500 million of
• 33:31
  gold? And you know, my attorney, he
• 33:34
  looks at me and goes, you know, Mike, I remember when gold was
• 33:36
  $800.00 an ounce back in the 70s or the 80s and then it went
• 33:40
  nowhere for 20 years. And you should be careful about
• 33:43
  that and it might not. It's kind of dead money.
• 33:46
  And then I so I'm sitting at this table and I'm watching the
• 33:49
  world burn while all the Wall Street guys get rich and the
• 33:54
  talking heads on CNBC say what they're saying.
• 33:58
  And I'm looking out at Miami Beach and I'm looking at Collins
• 34:01
  Ave. and every car is not There's no cars on the road
• 34:05
  except for an Amazon truck, which just makes me angry.
• 34:09
  One Amazon truck going by and I've got 82 birds in my backyard
• 34:14
  and they're hunting for worms because all the restaurants in
• 34:16
  Miami Beach shut down so that whatever whoever was feeding
• 34:19
  them is not feeding them. So I'm watching us strip the
• 34:24
  world back to the Stone Age, right?
• 34:27
  A a devolution. And I'm, I'm staring over my
• 34:31
  pole. I look at Eric and I say, Eric,
• 34:35
  tell me about that Bitcoin thing again.
• 34:38
  And Eric was a crypto entrepreneur and he had been
• 34:41
  investing in digital assets in crypto, and I had dismissed him
• 34:45
  two years earlier in 2018. I was like, oh, that's probably
• 34:48
  just a scam coin that's going to collapse.
• 34:52
  But, you know, everybody finds this when you, you know, if I
• 34:57
  tell you you got six months to live, you would go looking for a
• 35:00
  cure. And if I told you every asset
• 35:02
  that you hold in Canada is going to be seized from you within six
• 35:06
  months, that could happen. You would think about how you're
• 35:09
  going to get your money out of Canada.
• 35:11
  Yeah, we already thought about that.
• 35:12
  You know, and like. And the point is you didn't
• 35:14
  think about it for the 20 years of your career when it just
• 35:17
  wasn't the priority. And then when, when you're faced
• 35:22
  with a crisis, a challenge, you start thinking.
• 35:26
  All right, guys, sorry, I, I, I picked the wrong one here.
• 35:29
  Opti producing on the fly. You know, I'm no Jamie here, but
• 35:34
  the clip from this Jordan Peterson interview that I, I
• 35:38
  literally think it followed right after this is this idea
• 35:41
  that he said, you know, he was sitting there during 20/20.
• 35:46
  He had a zombie company and there was a specific clip.
• 35:49
  I, I wish it was the right one, but you know, I, I tried to, I
• 35:53
  tried to produce on the fly and, you know, forgive me.
• 35:56
  And he basically said, you know, I've watched my peers like Elon
• 36:00
  Musk, like Mark Zuckerberg, you know, like Jeff Bezos, turn
• 36:05
  their companies into these hugely influential billion plus
• 36:09
  trillion dollar companies. They're billionaires.
• 36:12
  They're on, you know, the front pages of the magazines.
• 36:15
  They get all the accolades. And here he is as like a lowly
• 36:19
  billionaire, you know, and he's like, you know, I watched some
• 36:22
  of that for myself, though in that clip, you did kind of get a
• 36:25
  a little bit of what he was talking about.
• 36:27
  Again, forgive me for pulling the wrong one up.
• 36:30
  But he did mention, you know, I saw an Amazon truck go across
• 36:35
  the street and it pissed me off. Now, is he mad?
• 36:38
  Because Amazon's the only company that's you know not
• 36:41
  working at the time no, he's pissed off because it's his
• 36:44
  billionaire. You know, peers, company, the
• 36:47
  only thing working right there. So again, the reason we brought
• 36:50
  that up, you guys have probably seen that clip on the show a
• 36:52
  couple of times. But this idea like the
• 36:54
  billionaires are in competition with each other to see who can
• 36:57
  outmatch each other and only sailors, the one that's playing
• 37:00
  the real game right now, he's the only one that has fully
• 37:03
  exited the system. He's the only one that is seeing
• 37:07
  the horizon here. But if what we said in the
• 37:10
  beginning is true and Elon Musk does take a, you know, deep dive
• 37:15
  into Bitcoin, I'm not saying he's going to do a full sailor
• 37:18
  strategy, you know, convertible bond thing here, but it's safe
• 37:22
  to say that he has a pretty good stack and that he is stacking
• 37:26
  and we'll see what comes out of Tesla of Twitter.
• 37:29
  It might be on the horizon. We've been speculating on this
• 37:32
  show for a while whether Twitter would implement Bitcoin.
• 37:35
  It might be closer than than we can even imagine it.
• 37:38
  It might be on the horizon. You know, when I forget what her
• 37:41
  last name is Linda Young something the CEO or not CEO.
• 37:45
  She's, I think CIO of Twitter right now.
• 37:49
  She came out and said we're turning Bitcoin or sorry, we're
• 37:52
  turning Twitter into the peer-to-peer payments app, your
• 37:55
  everything app. And when I heard that, all I
• 37:59
  could think of was Bitcoin. Now we know they're not the
• 38:02
  biggest Bitcoin believers, but I think with this new information
• 38:05
  of of must essentially kind of dabbling with Bitcoin Twitter, I
• 38:09
  think it's a it's a it's higher than non zero chance here.
• 38:13
  It might be, you know, someone pull up the the Koshi ads or the
• 38:17
  Poly market odds here of whether Twitter is going to implement
• 38:21
  Bitcoin. I'm sure it is skyrocketing at
• 38:23
  this point anyway, forgive me. Yeah, Elon Musk, Jeff who,
• 38:28
  Sailor Musku Zuku, Jeff who? I don't know.
• 38:35
  Again, sorry Luke, I pulled up the wrong one, but the the point
• 38:38
  remains the same. You guys could find it on
• 38:40
  Twitter. Go watch the Jordan Peterson
• 38:41
  interview and you'll see it there.
• 38:42
  I'm not making this stuff up. The point stands.
• 38:45
  I've seen the clip, I can verify yeah, in the clip and it is
• 38:48
  incredibly bullish. I think there I, I, I believe
• 38:52
  this for a while. I do think that the world's
• 38:56
  richest leaderboard, it's kind of like I need to be really
• 38:59
  careful what I say. It's a competition.
• 39:01
  That's what I will say. I think billionaires are
• 39:03
  measuring each other against each other's net worth.
• 39:07
  That's a family friendly way that I think the billionaires
• 39:10
  look at net wealth. OK.
• 39:12
  So I do think now that we've got Michael, who's gone from having,
• 39:16
  I checked this in 2020, the four thousandth and 5th, 550th most
• 39:22
  valuable company, to now having the second most valuable
• 39:26
  treasure in the world, which I think is months away.
• 39:29
  People's going to be looking at that and say, hang on a minute,
• 39:31
  he's going from #4550 to #2 what the hell did he do?
• 39:37
  I need to get me some of that sauce.
• 39:39
  And I just think that day is coming.
• 39:41
  I think we're slowly starting to see this ramp up, so to say.
• 39:45
  I think the exponential decrease of Bitcoin on the exchanges and
• 39:49
  the exponential increase of the Bitcoin treasury companies is a
• 39:54
  signal that the Sailor Treasury flywheel is going global.
• 39:59
  I think you actually said this to me this morning before I call
• 40:02
  Opti. You said for the past three
• 40:05
  quarters, you know. In a row, the treasuries, the
• 40:08
  public, the public companies with Bitcoin treasuries, they've
• 40:12
  bought more Bitcoin than the ETFs for 3/4 in a row.
• 40:15
  That is actually huge. Yeah, no, we're, we're, we're
• 40:19
  totally going to break that down for you guys right now.
• 40:23
  But yeah, it's, it's actually incredible.
• 40:26
  And I know a lot of people on Twitter you you mentioned, you
• 40:28
  know, the flywheel is just starting to begin.
• 40:30
  I know there's a lot of pushback right now on Twitter essentially
• 40:33
  saying like, oh, you know, why would you sell your Bitcoin to
• 40:37
  buy some some bitcoiners stock here?
• 40:39
  Like, you know, it's paper Bitcoin.
• 40:42
  This is not what we're here for. You know, you guys are selling
• 40:45
  out you guys into these shit corners, suit corners, etc.
• 40:48
  But I don't think it's an either or scenario here.
• 40:52
  Like I know when I came out around, you know, the very
• 40:55
  beginning of the at first Sailor, the you're just like,
• 40:58
  this is incredible. He's obviously putting on a
• 41:00
  master class. Then you start seeing some
• 41:02
  copycats. And my first knee jerk reaction
• 41:04
  was also like, this is starting to feel like the altcoin bubble
• 41:07
  again. But the more I dug into it, the
• 41:09
  more it's becoming kind of obvious to me that there is a
• 41:14
  lot of capital that can't find its way into Bitcoin yet.
• 41:19
  And you know, who am I to fault them for trying to get some
• 41:24
  Bitcoin exposure? I don't think it's, you know,
• 41:26
  one way to skin a cat. I think there's a lot of ways to
• 41:28
  basically tap into the Fiat system, get it into Bitcoin.
• 41:32
  Eventually they will become Bitcoiners.
• 41:34
  And as you said, I don't think this is going to blow up this
• 41:38
  year. Like this could be, you know, a
• 41:40
  1020 year game where we don't really see a blow up for a
• 41:44
  while. Like, I really do think this is
• 41:45
  the beginning of, you know, Bitcoin tapping into Fiat
• 41:49
  liquidity and hopefully in time, as we're seeing with what
• 41:53
  sailors doing, that will essentially bring up the spot
• 41:56
  price of Bitcoin as well. So, you know, I think this is
• 42:00
  how hyper bitcoinization happens.
• 42:02
  Actually, my favorite meme right now is someone doing like the,
• 42:05
  you know, Bitcoiners want hyper bitcoinization.
• 42:09
  Hyper bitcoinization happened. No, not like that.
• 42:11
  This is not how it's supposed to happen.
• 42:13
  And like, this is just what it feels like to me.
• 42:16
  You know, again, 45 IQ here, what do I know?
• 42:19
  But this is kind of, you know, the sentiment that I'm feeling,
• 42:24
  yes, on like a surface level, you're like, this is a shit
• 42:26
  coin. Why would you buy this?
• 42:28
  This is paper Bitcoin when you kind of really look into the
• 42:31
  mechanics. This is another speculative
• 42:34
  attack as far as I'm concerned. Well, that's spicy speculative
• 42:39
  attack. Yeah, I think that's I, I think
• 42:41
  that's what we're seeing. I think it is slowly unfolding.
• 42:45
  I like how you delivered that. 100% true.
• 42:48
  And I think the big, the big one that you just mentioned there,
• 42:51
  you made a really good point. You said so many people are
• 42:55
  looking at Bitcoin being adopted by the billionaires, the nation
• 42:58
  states, the corporations, the pension funds, the sovereign oil
• 43:02
  funds, and they're saying, Oh, no, Bitcoins failed, Bitcoins
• 43:06
  captured because BlackRock holds 3% of the supply.
• 43:09
  But again, this is not a sign that Bitcoin's failing.
• 43:13
  This is a sign that we are winning.
• 43:15
  And this is like you said, Onti, this is hyper bitcoinization.
• 43:20
  If Bitcoin is going to be worth 10s of millions, if not hundreds
• 43:24
  of millions of dollars per coin. Wait, wait, wait.
• 43:27
  What did you say yesterday, $7 billion?
• 43:30
  I didn't want to scare the guys, I didn't want to get people
• 43:32
  leaving the live stream when I got through.
• 43:34
  Bullish, we'll stick to hundreds of millions today.
• 43:37
  Let's let's be conservative, but for Bitcoin to be 10s of
• 43:42
  millions and you know, let's extrapolate very valuable in the
• 43:45
  future, we need, we don't need, but it would look like the big
• 43:50
  money gets into Bitcoin. Again, this narrative of Bitcoin
• 43:54
  just being digital gold and $500,000 a coin and diminishing
• 43:59
  returns every four year cycle and Bitcoin's volatility getting
• 44:03
  less and less and less. All of those narratives are
• 44:06
  based upon the 1st 11 years of Bitcoin when there was no big
• 44:09
  money. I would believe the power law,
• 44:12
  the power opinion, the quantile model, diminishing returns.
• 44:16
  I would believe all of these models really I I would if
• 44:21
  nothing changed in 2020, if we still had the same entity and
• 44:26
  the same market actors dominating the market, and if
• 44:30
  the supply demand equation was the same.
• 44:33
  Pre 2020, nobody wanted Bitcoin. We can see that very clearly.
• 44:38
  We've showed you the data. I've got it right here.
• 44:40
  Pre 2020, we can see that the number of Bitcoin on exchanges
• 44:45
  only rose, and that's because nobody understood Bitcoin, and
• 44:48
  that's because this market was dominated by inexperienced
• 44:52
  retail participants. That's all changed now.
• 44:55
  We're in a completely different realm.
• 44:56
  We're in a realm where the billionaires are dominating the
• 44:58
  market. And again, This is why we're
• 45:01
  going to see Bitcoin surprise many people to the upside.
• 45:05
  Some people say we're on the precipice of a Bitcoin price
• 45:08
  explosion. I would personally go that far,
• 45:12
  but I think this is just inevitable and I think trying to
• 45:15
  model, predict or trade the next five years is going to be
• 45:20
  incredibly not. Smart.
• 45:25
  There you go. Not smart.
• 45:27
  Don't do it at home, guys. Just buy your Bitcoin.
• 45:31
  Put your Bitcoin into cold storage.
• 45:33
  Just stack SAT's. Be humble.
• 45:35
  Again, that's from Opti's and myself's perspective.
• 45:39
  Like a lot of people say, oh, you know you, you just say what
• 45:43
  you do for the views. No, if we were just saying what
• 45:46
  we did for the views, it'd be a completely different narrative.
• 45:48
  We would tell you buy all of these shit coin stocks with
• 45:52
  Bitcoin on the treasury trade stock to flow trade the power
• 45:56
  opinion. Those are the hot and sexy
• 45:58
  topics. It's actually it's not popular
• 46:02
  to say that models wrong. Those people are morons and
• 46:06
  don't buy into the new heights treasury companies just keep it
• 46:09
  simple and boring. Buy Bitcoin, put it into self
• 46:12
  custody and back up your damn 12 or 24 words.
• 46:15
  That's not sexy, that's not nice.
• 46:17
  That's but again, that's what we're all about here at simply
• 46:20
  Bitcoin. And again, you guys been simply
• 46:22
  Bitcoin's been making content for five years for you guys
• 46:25
  telling you stay away from block fire, stay away from FTX, stay
• 46:28
  away from Celsius. Don't chase the girl in that
• 46:31
  beautiful red dress. It is a trap.
• 46:33
  Be careful, be very cognizant of the new current thing.
• 46:38
  Keep it simple and you will end up with generational wealth.
• 46:43
  That day is coming and I think. Hey, look, guys, I I really wish
• 46:49
  I could tell you right now that I'm selling you, you know, just
• 46:53
  stacks that stay humble, stay solvent as you know, this shell,
• 46:56
  this this Internet, you know, persona and I was really, you
• 47:01
  know, 25 Xing My Portfolio with metaplanet and and strategy.
• 47:06
  Like I really wish I could tell you that right now, but no, I
• 47:09
  you know, I eat my own food as well.
• 47:11
  This is what I'm doing. Obviously, hindsight is 2020.
• 47:15
  I think this is going to really take the world by storm, but you
• 47:20
  know, I I'm just stacking sets. I'm just, you know, acquiring
• 47:24
  Bitcoin, trying to be more profitable each month and making
• 47:28
  sure that my, you know, cost of living is lower than the money
• 47:31
  coming in. Like I really wish I could tell
• 47:33
  you that. No, I am actually, you know, I I
• 47:37
  went, you know, I sold all my Bitcoin for micro strategy and
• 47:39
  metaplanet and I freaking what like I don't even know what the
• 47:42
  cumulative returns for both of those.
• 47:44
  If you were able to do that's like A70X here.
• 47:46
  I really wish I could tell you that that's what I did.
• 47:49
  I didn't do that. I really wish I did now, in
• 47:51
  hindsight, but no, I just, you know, I, I, I eat my own cooking
• 47:55
  here. I stack stats.
• 47:57
  I stay humble, as Luke was saying.
• 47:59
  I think in time you're gonna be happy.
• 48:02
  It will be generational wealth. So yeah, man, you know, I really
• 48:05
  wish I could tell you that, but I I didn't, yeah, I didn't do
• 48:08
  that. So it is what it is.
• 48:11
  Yeah, I mean hindsight's 2020 and you're and you're right, we
• 48:13
  could have 100 XD our portfolio fine.
• 48:16
  Sounds sounds legit. Absolutely, but again, there's
• 48:19
  the risks involved. In 100%.
• 48:23
  You don't hold the keys. You don't own that keys.
• 48:25
  You've got your Bitcoin stuck on a centralized stock brokerage
• 48:28
  platform in the form of IOU, hoping that they're going to
• 48:32
  return your money to you one day.
• 48:34
  Again, I think it's it's incredibly risky.
• 48:36
  We've seen dangerous and narratives circulate the world
• 48:39
  over the past five years. In 2020 in Australia, there was
• 48:43
  a global push, a public push on mainstream media to tax me
• 48:49
  because of my medical choices. Again, that was insane.
• 48:53
  If you really think that that's never going to occur again.
• 48:56
  And if you don't think that that was the foot in the door or the
• 48:59
  Overton window shift, you know, sure, if you think it was a once
• 49:03
  off, maybe you'll feel comfortable with 10% of your net
• 49:05
  worth on a stock brokerage platform, but I personally
• 49:08
  don't. I'm 100% all in Bitcoin because
• 49:11
  of that sovereignty that holding your own keys actually provides
• 49:15
  you. And again, I think that's that's
• 49:17
  where it all comes down to. Everything else is a gamble, but
• 49:20
  Bitcoin in self custody is the only thing that you you can be
• 49:22
  sure of. Yeah, man, I I keep thinking of
• 49:25
  American Hotto. He was like my Big Brother when
• 49:27
  I got into Bitcoin, guys, I lived all the memes I stacked
• 49:31
  sat, I stayed humble. I lived at my parents house.
• 49:35
  I sold my car for a shittier car that I'm still driving.
• 49:38
  You know, I, I live below my means as as much as I still live
• 49:43
  a little bit. You know, I I gotta get a rib
• 49:44
  eye every once in a while guys You know I, I can't just live on
• 49:48
  freaking ground beef here, but I lived all the memes man, and I
• 49:53
  tell you that as someone that's been doing it for a while and if
• 49:57
  you are newer to the space like this is the safest, best way to
• 50:02
  do it. And This is why we constantly
• 50:04
  come out here and tell you guys, this is what you should do
• 50:07
  because this is what we do. Actually, I don't own any
• 50:09
  Bitcoin. I just talk about Bitcoin, but
• 50:12
  this is the tried and true way to succeed in the next decade is
• 50:17
  just stacking sats. You don't have to complicate it
• 50:20
  yes, there will be something new and flashy and shiny.
• 50:23
  There will be a new hype bubble, but the best and safest way to
• 50:28
  ensure that you hold on to this Bitcoin that you have today for
• 50:32
  the long run is by just stacking Bitcoin, taking it off the
• 50:35
  exchanges, securing your your wallet, your cold storage.
• 50:40
  This is the way to win guys, just just keep it simple.
• 50:42
  Keep it simple. If I can do it a 45 IQ
• 50:45
  bitcoiner, you can do it as well.
• 50:46
  I'm sure you have an average IQ that's like 65 higher points
• 50:50
  than I have here, so you'll be good all right anyways, let's
• 50:54
  get into the news because Luke brought it up earlier.
• 50:56
  I do want to kind of cover a little bit about the big
• 50:59
  beautiful bill and then I really I might fly through this because
• 51:02
  I did tell you guys yesterday, Luke did do his homework.
• 51:06
  We will be talking about the multiplier effect.
• 51:08
  We chatted about it this morning and you guys really like that.
• 51:10
  So I might fly through this news real quick and then we'll get
• 51:14
  into the multiplier effect for you guys.
• 51:15
  So let's get into it. I want to give a shout out to
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  today with Cold Card. OK, sorry, guys, I thought I had
• 53:49
  this pulled up for you guys. Yeah, like you can tell me and
• 53:52
  Luke are getting old. We're both having back problems
• 53:55
  today. Shout out the sow I didn't work
• 53:56
  out this morning. And I'm like, man, my lower
• 53:58
  back's a little wrecked. And look at look at Luke.
• 54:00
  He's rolling it out during the ad read.
• 54:03
  Love it. This is peak performance, guys.
• 54:05
  OK, let's get into this story. Let's get into the first story.
• 54:08
  I'm going to fly through this guys.
• 54:10
  So Luke, I'll cover these two news stories real quick and then
• 54:13
  you can chime in real quick. But we I really do want to get
• 54:16
  to the multiplier effect. That's that's probably more of
• 54:18
  the fun stuff here. So as you guys can tell, the big
• 54:22
  beautiful Bill pass. And as we were talking about
• 54:25
  earlier in the week, I think this was around, you know,
• 54:28
  Friday the saga started. We covered it on Monday.
• 54:31
  It looked like maybe some Bitcoin tax exemptions, AKA, you
• 54:36
  know, the capital gains tax was going to get kind of removed for
• 54:39
  under $600.00 Bitcoin payments. Well, the big budget bill did
• 54:44
  pass, but the provision on crypto taxes, as you can see
• 54:48
  here from the headline did not pass.
• 54:50
  They basically said, you know, they they ran out of time, but I
• 54:54
  did see a Dennis Porter tweet essentially this more, I think
• 54:57
  it was yesterday actually, sorry.
• 54:59
  And he was saying, look, it didn't pass, but this is some
• 55:02
  good momentum. And now there's some, you know,
• 55:04
  the conversations happening. This might, you know, be
• 55:06
  something that we see down the line.
• 55:09
  Now I do want to talk about a few of the things that did get
• 55:12
  passed in the big budget bill. Again, we're not really the most
• 55:15
  political guys. We just look at we are political
• 55:18
  in the sense that everything is political and we look at it
• 55:20
  through a Bitcoin lens. But I did see a really good
• 55:23
  video from Peter St. Odds this morning kind of
• 55:26
  explaining what did get passed. And he essentially said he gives
• 55:30
  it an A minus on the tax cuts that they were pushing through.
• 55:35
  He gives it a C minus on, on the spending cuts.
• 55:40
  I think in total maybe cut like 400 billion and that might be
• 55:46
  more on the higher end. So barely any cuts here.
• 55:50
  But if you stack up the 200 billion of course over time
• 55:53
  here, a little money here, a little money there, it could
• 55:56
  potentially be a windfall. And then the worst part about it
• 56:01
  is they raised the debt ceiling by $4 trillion.
• 56:04
  So from a bit corners perspective, from all I'm
• 56:06
  hearing is money printer is about to go absolutely nuclear.
• 56:10
  They just entrenched this. They just codified this like all
• 56:14
  right, four more trillion dollars of capital that they're
• 56:17
  going to create out of thin air. I think the 2020 but printing
• 56:21
  spree was like 4 to 5 trillion, if I'm remembering correctly.
• 56:25
  So hey, looks like as much as I'm not a big fan of federal
• 56:29
  spending, looks like they're going to print a bunch of money.
• 56:33
  The printer is coming on. And actually let me pull up this
• 56:36
  tweet real quick before I go into the sailor news that we
• 56:38
  kind of touched on. I have been, as you guys know,
• 56:42
  I've been saying it on the show for a minute.
• 56:44
  I'm a, I'm a trad Fi bro now. I'm a macro bro now.
• 56:47
  And I saw this really good tweet by Matt Hogan kind of explained.
• 56:52
  I did kind of talk about this yesterday of, you know, having a
• 56:56
  conversation with ChatGPT. And you guys told me like Optia
• 56:59
  has no friends. He's talking to ChatGPT now.
• 57:01
  It's just better than Google, you know, Google's trash now.
• 57:03
  So I use ChatGPT as my search and it just gives you quick
• 57:07
  answers. Anyway, Matt Hogan did this
• 57:09
  tweet here and he goes, Ray Dalio is right here.
• 57:13
  When countries have too much debt, lowering interest rates
• 57:15
  and devaluing the currency that the debt is denominated in is a
• 57:19
  preferred path government policymakers are most likely to
• 57:22
  take. So it pays the bet on it
• 57:24
  happening. And then I followed it up here
• 57:27
  again, I'm I'm doing a Nico here.
• 57:29
  I'm just, I'm just pulling my tweets up here.
• 57:32
  This is what we're seeing right now.
• 57:33
  So I have a screenshot of the US dollar index, which is
• 57:37
  essentially, you know, the strength of the US dollar.
• 57:40
  And as you can see in the last year, it is been falling off a
• 57:44
  Cliff. It's it's getting weaker as we
• 57:47
  speak. So even though Trump is going
• 57:49
  out there and even Scott Besson is essentially saying, hey, we
• 57:52
  want a strong dollar, publicly they're saying they want a
• 57:55
  strong dollar. But via their actions, you're
• 57:58
  seeing that they're seemingly doing things to weaken the
• 58:01
  dollar and then further. Again, based on that Ray Dalio
• 58:05
  quote, I'm sure we've all heard about Trump yelling at, you
• 58:09
  know, what was it too late, Powell?
• 58:11
  You know, everybody is saying the Fed should cut rates sooner
• 58:14
  rather than later. Jay Powell seems to be out there
• 58:18
  just dragging his feet. Who knows what his reasonings
• 58:20
  are, but he seems to be doing whatever he can to not cut
• 58:23
  rates. And maybe cutting rates is just,
• 58:26
  you know, giving up at this point.
• 58:28
  And it's probably not the best thing to be doing.
• 58:30
  But again, repeating when countries have too much debt, I
• 58:32
  think we're at 37 trillion or almost $37 trillion in debt in
• 58:37
  the US and that doesn't account for the unfunded liabilities,
• 58:40
  which I think is in the hundreds of trillions of dollars.
• 58:42
  When countries have too much debt, lowering interest rates
• 58:45
  and devaluing the currency. Again, what we're seeing here,
• 58:49
  the currency is getting devalued.
• 58:51
  They want to cut interest rates. When you devaluate the currency
• 58:56
  that the debt is denominated in the preferred path government
• 58:59
  policy makers are most likely to to take.
• 59:01
  So it pays the bet on it happening.
• 59:04
  This is why you buy Bitcoin. The macro signals are
• 59:07
  essentially saying what Luke has been saying in the beginning of
• 59:09
  the show. Everything is pointing towards
• 59:11
  bitcoins going to skyrocket. So that's the first point here.
• 59:14
  Yes, the big beautiful bill passed.
• 59:16
  No, it didn't eliminate capital gains on Bitcoin.
• 59:20
  And as I was saying, it wasn't even that good in the 1st place,
• 59:22
  but it would have been some baby steps.
• 59:24
  So that's that's what you know, that's kind of an update here
• 59:27
  since I talked about it on Monday.
• 59:29
  But this is the story that Luke was talking about, and this is
• 59:31
  on CNBC and this is absolutely insane.
• 59:35
  And I think this really goes to the idea that Luke was saying
• 59:38
  that this Bitcoin treasury company play is just starting.
• 59:42
  This is just the beginning. So if you are betting that
• 59:45
  they're going to blow it, like if you're shorting strategy
• 59:47
  right now, like a lot of track five guys are doing our
• 59:49
  metaplanet, you might lose a lot of money.
• 59:51
  So the headline public companies bought more Bitcoin than ETFs
• 59:55
  did. For the third quarter in a row,
• 59:57
  public companies grew their Bitcoin balance about 18%,
• 1:00:00
  according to data provider Bitcoin Treasuries, while ETF
• 1:00:04
  showed an 8% increase in the same period.
• 1:00:07
  The market may see a segmentation of leverage Bitcoin
• 1:00:10
  equities with different company profiles offering diversified
• 1:00:13
  risk reward profiles and the rush for public companies to
• 1:00:17
  increase shareholder value by adopting a Bitcoin treasury
• 1:00:20
  strategy. May not be around for more than
• 1:00:22
  a few years. So they are obviously taking a,
• 1:00:26
  you know, this probably won't last longer that long.
• 1:00:30
  I, I think I, I think a few years could be a decade to be
• 1:00:34
  honest here. I, I think it might, it's like
• 1:00:36
  the way they're framing this, they're saying a few years like
• 1:00:39
  what two to three years? I don't know that that's the
• 1:00:41
  case. If if Bitcoin rips, these
• 1:00:44
  companies might be more profitable than ever.
• 1:00:46
  As we just covered sailor and strategy is almost literally
• 1:00:52
  what top five most profitable company period?
• 1:00:56
  As I covered yesterday, we had the Bloomberg article sailors
• 1:01:00
  $14 billion profits literally launches him into the highest
• 1:01:04
  echelon of elite companies like Amazon and JP Morgan household
• 1:01:09
  names here. And there's still people sitting
• 1:01:11
  on the sidelines sleeping on Bitcoin thinking it's, you know,
• 1:01:14
  Internet meme coin. It's for criminals.
• 1:01:16
  It's going to 0 it it just it makes no sense like we are
• 1:01:21
  seeing a perfect storm brewing around Bitcoin.
• 1:01:25
  If Bitcoin doesn't go past 150 K this year, I'm going to be so
• 1:01:29
  surprised I might have to delete my own Twitter account like I I
• 1:01:32
  was telling my friend to do 'cause it just makes no sense.
• 1:01:36
  Like these public companies are buying so much Bitcoin to E
• 1:01:39
  again, guys, the ETF bought a million Bitcoin, not just the
• 1:01:44
  Black Rock ETF, but in total. And then going further, we also
• 1:01:49
  did see this news this morning pop out as well, which is
• 1:01:53
  absolutely nuts here. Black Rock's Bitcoin ETF drives
• 1:01:58
  more revenue than its S&P 500 fund.
• 1:02:02
  Guys, I don't think you, I don't think you understand the
• 1:02:05
  appetite for Bitcoin. It's either the writings on the
• 1:02:09
  wall that there is fundamental problems in the plumbing of
• 1:02:12
  Tradfi that they're concerned about or they're getting caught
• 1:02:16
  up in the greed. And I don't think these two
• 1:02:17
  ideas are mutually exclusive. Obviously they want their Fiat
• 1:02:21
  games, but there could be, you know, cracks, there could be
• 1:02:24
  some smoke in the system that everyone's, as we've been saying
• 1:02:27
  for a long time, hedging themselves against some kind of
• 1:02:30
  potential catastrophic attack or a collapse here.
• 1:02:35
  I don't know if you guys saw Jack Mahler's go out, but he was
• 1:02:38
  doing some good numbers that guys, I don't know if you're
• 1:02:40
  aware, but we've basically been in a depression for a while now
• 1:02:45
  and, and something worse than the Great Depression.
• 1:02:47
  It just isn't framed that way. It just doesn't have that label
• 1:02:51
  like there is an issue in the trad fight.
• 1:02:55
  I'm not trying to go full doomer here, but I think This is why
• 1:02:58
  we're seeing the interest into Bitcoin that we're seeing.
• 1:03:01
  This is why we're seeing the Bitcoin treasury companies be
• 1:03:06
  able to tap into so much Fiat liquidity is because people are
• 1:03:09
  looking for an alternative. No one really wants to buy
• 1:03:12
  treasuries right now. The returns aren't good.
• 1:03:14
  People don't trust the the institutions.
• 1:03:17
  I think that the trust in institutions is probably the
• 1:03:19
  lowest it's been in a long time. There's crises all around the
• 1:03:24
  world. There's all economic
• 1:03:26
  uncertainty. I don't think this is over in a
• 1:03:28
  few years, Luke. I think this might just be the
• 1:03:30
  beginning. I'm with you man.
• 1:03:34
  I think it's all going to 0 much quicker than most people think.
• 1:03:38
  We were talking about the collapse of the Roman Empire I
• 1:03:41
  think last week. And again, a lot of people don't
• 1:03:44
  understand just how quickly that happened.
• 1:03:47
  For 700 years, the Roman Empire ruled the world and they didn't
• 1:03:51
  debase or they didn't change the amount of silver in their
• 1:03:55
  currency, the Roman denarius coin.
• 1:03:57
  And then they just started debasing it around 50 years
• 1:04:01
  before they collapsed. And you can kind of see like
• 1:04:04
  this debasement, it's like slowly coming down.
• 1:04:07
  It's 2% inflation, then it's 5% inflation, then it's 10%
• 1:04:11
  inflation, and then it collapses a cup like rapidly a couple of
• 1:04:15
  years after. Like this is what we continue to
• 1:04:18
  bang on about here. It's simply like currency
• 1:04:21
  collapses. They are an exponential process.
• 1:04:23
  We've seen hundreds of Fiat currencies collapse throughout
• 1:04:26
  human history. And whether it was the Roman
• 1:04:29
  denarius coin 700 years ago that when it collapsed, it collapsed
• 1:04:33
  the biggest, most successful empire in human history, the
• 1:04:37
  Roman Empire, or whether it was the German monk in the early
• 1:04:40
  1920s, all of these processes, if that's a word, they happen
• 1:04:44
  exponentially. So again, I think what we're
• 1:04:47
  seeing right now with a big beautiful bill with debt
• 1:04:51
  ceilings being continuously raised and raised and raised,
• 1:04:54
  they're all really big red signposts.
• 1:04:57
  They, you know, it is a, it's the metaphorical movie theater
• 1:05:01
  with the smoke bellowing out the back window.
• 1:05:04
  It's on fire and you need to get out of there while you still can
• 1:05:08
  get out of that exit door before it is packed with people and
• 1:05:12
  before we have a metaphorical $900 trillion, a wealth trying
• 1:05:17
  to squeeze into the 2 million Bitcoin on the exchanges.
• 1:05:20
  Because when this puppy starts melting, when this, you know,
• 1:05:23
  the people start racing for the, the exit doors, it's going to
• 1:05:27
  get really chaotic really quickly.
• 1:05:29
  Again, who knows if, who knows how quickly this is going to
• 1:05:32
  happen, but I would just prepare to, you know, I would like to be
• 1:05:36
  prepared for all situations. I, I think that's the optimal
• 1:05:39
  approach. What are your thoughts up to?
• 1:05:42
  Yeah, no, as I as I've been trolling my friend, you know, it
• 1:05:45
  doesn't pay to be a doomer. So, you know, life's a lot
• 1:05:48
  better when you're an optimist. This is a lot.
• 1:05:50
  This isn't just a name here. You know, this isn't just a, a
• 1:05:54
  stage name here. This is a lifestyle.
• 1:05:57
  You have to be an optimist to win.
• 1:05:59
  And I think that's the idea. Look, there is a lot of doom
• 1:06:03
  material out there like there, there is a lot to be concerned
• 1:06:06
  about. It's very easy to fall into your
• 1:06:09
  algorithmic, you know, programming on social media and
• 1:06:13
  you start seeing, you know, worse and worse and worse media
• 1:06:17
  on social media. And you just you start to think
• 1:06:19
  that the world is over. You know that that the
• 1:06:22
  apocalypse is around the corner. You know that the second coming
• 1:06:25
  of Christ is here. Whatever you want to say.
• 1:06:28
  You can make a bet that, or rather you can make a case that
• 1:06:31
  that might be the scenario, but I like to think of the opposite.
• 1:06:36
  Like you got to remember, you know, the good guys will win in
• 1:06:40
  the in the end. Like good always prevails over
• 1:06:43
  evil. And it just, it pays off to be
• 1:06:45
  an optimist. It it always pays off to be
• 1:06:47
  optimistic. Even if you're seeing all of
• 1:06:49
  this crazy stuff, we know what's going to happen.
• 1:06:53
  If you understand Bitcoin, you know where this is headed.
• 1:06:55
  The short term stuff doesn't matter if you are basically not
• 1:06:58
  only taking responsibility, personal responsibility of your
• 1:07:01
  money, you're taking personal responsibility of your life.
• 1:07:04
  You're you're, you're focusing on things you can actually
• 1:07:06
  change and that's what really matters here.
• 1:07:09
  Like it will work out in the end.
• 1:07:12
  You got to trust, bro. Trust the trust the process,
• 1:07:15
  man. I wasn't I wasn't gonna say
• 1:07:16
  trust the plan, but don't don't just trust the plan.
• 1:07:19
  You know, don't trust verify, but you'll verify soon that
• 1:07:24
  everything will work out in the end.
• 1:07:26
  Anyways. I do want to pivot this because
• 1:07:27
  I do want to get into the multiplier effect.
• 1:07:29
  But shout out the Jan for the $20 super chat He said great
• 1:07:33
  stuff guys. Really appreciate it.
• 1:07:34
  Man or woman, I'm not sure. Forgive me, Jan, or the month.
• 1:07:39
  Maybe it's the month giving us money, I don't know.
• 1:07:41
  Anyways, thank you guys, really appreciate it.
• 1:07:44
  Yes, it's optimistic Prime. All right, let's get into the
• 1:07:47
  culture and I will give Luke the floor here.
• 1:07:50
  And we are gonna talk about the multiplier effect, which you
• 1:07:52
  guys really liked yesterday, apparently.
• 1:07:54
  Look, Full disclosure, I didn't fully understand the multiplier
• 1:07:59
  effect for a while and I actually googled it this morning
• 1:08:02
  or sorry, I I chat GVT and I don't even remember what I did,
• 1:08:06
  But apparently the multiplier effect isn't just a Bitcoin
• 1:08:09
  effect. So Luke, maybe I'll read that
• 1:08:11
  summary that I read this morning because we both kind of learned
• 1:08:14
  we both learned about it through Bitcoin, but this isn't just a
• 1:08:17
  Bitcoin phenomenon. So I think I'll start there and
• 1:08:20
  then you can do you know, you read the report and you're you
• 1:08:23
  know that we'll and today's show is just extremely bull tarted
• 1:08:27
  here. So let's get into it.
• 1:08:30
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• 1:08:33
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• 1:09:03
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• 1:09:07
  digitaltech.com. I want to give a shout out to
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• 1:10:06
  Head over to. Casa dot IO OK guys, so as I was
• 1:10:14
  telling you guys this morning, you know, I posed the question
• 1:10:17
  as we were kind of prepping for the show.
• 1:10:19
  I was like, Luke, Are you ready to did you do your homework?
• 1:10:22
  Luke? He's like I got you bro, We're
• 1:10:23
  we're good and we were wrapping up and I I was like what's the
• 1:10:28
  multiplier effect is like? It's the multiplier effect just
• 1:10:30
  for Bitcoin and so I did a search again.
• 1:10:32
  I forget if it was Google or ChatGPT, but the reason I'm here
• 1:10:36
  and the reason I give that context is because maybe this
• 1:10:38
  isn't like, you know, coming from investing.com or something
• 1:10:42
  like that, that, you know, I never heard of this company or
• 1:10:44
  this website here, but I brought it up and I clicked on it
• 1:10:48
  because it was like, OK, this seems to not have anything to do
• 1:10:51
  with Bitcoin and I want to see what their take was.
• 1:10:54
  And of course, this is understanding the multiplier
• 1:10:55
  effect in trading. I'm not going to read the whole
• 1:10:57
  thing, but you know, you can probably find this and you can
• 1:11:00
  see here the summary. The multiplier effect is a
• 1:11:02
  fundamental concept in trading that significantly influences is
• 1:11:05
  the outcomes of financial strategies.
• 1:11:07
  It's presence is evident in various trading scenarios, which
• 1:11:10
  is what I was looking for. From leverage trading to the
• 1:11:12
  impact of economic announcements on market trends.
• 1:11:15
  For traders and in depth understanding of the multipliers
• 1:11:18
  effect is indispensable. It serves as a guide in
• 1:11:20
  navigating leverage instruments and in interpreting market
• 1:11:23
  responses to economic events. The ability to recognize and
• 1:11:27
  appropriately respond to the multiplier effect can mean the
• 1:11:30
  difference between substantial gains and considerable losses.
• 1:11:35
  So with that said, Luke, the floor is yours as I teed you up
• 1:11:40
  understanding the multiplier effect as apparently a lot of
• 1:11:43
  people in the chat weren't really familiar with this
• 1:11:45
  concept. I saw people yesterday saying
• 1:11:47
  like I thought for every dollar that came into Bitcoin, that
• 1:11:50
  means that the market cap had to go up.
• 1:11:52
  You know, a dollar essentially. Like if Bitcoin had to double,
• 1:11:55
  go from 2 trillion to 4 trillion, that's essentially
• 1:11:59
  saying $2 trillion of capital had to come into the market cap.
• 1:12:03
  And then Luke brought in the multiplier effect.
• 1:12:05
  And then I added to that and was like, I think the multiplier
• 1:12:08
  effects are even bigger than this.
• 1:12:09
  So Luke, the floor is yours. What can you, what did you come
• 1:12:13
  up with after reading this report?
• 1:12:15
  How much more bullish are you than you were yesterday?
• 1:12:19
  I didn't think it was possible, but I am even more bullish.
• 1:12:23
  I mean, this report is insane. I mean, before we get to the
• 1:12:26
  report, let's try to simplify it.
• 1:12:28
  So this is how I think of the multiplier effect.
• 1:12:31
  Everybody agrees that not all the 21 million Bitcoin are
• 1:12:34
  available for sale. All right.
• 1:12:36
  We all agree that there's 5 million Bitcoin that's lost.
• 1:12:39
  There's, you know, another 5 million Bitcoin that hasn't
• 1:12:42
  really moved in at least five years.
• 1:12:44
  We know that really there's only about two to three to 4 million
• 1:12:47
  Bitcoin that actually circulates on a somewhat regular basis and
• 1:12:51
  goes on and off exchanges and is traded on exchanges and it's
• 1:12:54
  bought here and it's sold there. That's like the available
• 1:12:58
  supply. The on chain gurus call this the
• 1:13:02
  liquid and highly liquid supply of Bitcoin.
• 1:13:05
  The E liquid is the coins that don't move in more than six
• 1:13:08
  months. So when you factor in just how
• 1:13:10
  scarce Bitcoin is and how much Bitcoin there actually is
• 1:13:14
  available for sale, when new capital wants to come into the
• 1:13:18
  Bitcoin market and buy Bitcoin, there is a multiplier effect.
• 1:13:23
  So essentially for every $1.00 that wants to buy Bitcoin and
• 1:13:26
  come into the market, what we found with this new report is
• 1:13:31
  that $1.00 of new demand pushes up the Bitcoin price by around
• 1:13:34
  8X in the short term. OK, so this could be a good
• 1:13:38
  point to jump into this brand new report.
• 1:13:41
  So this is the chart showing us why Bitcoin is so scarce.
• 1:13:45
  There's not that much Bitcoin left on exchanges.
• 1:13:48
  But then Opti found this report and showed it to me yesterday
• 1:13:51
  and I was not only very happy and very impressed, but I was
• 1:13:55
  gob shocked at what Gemini found in this new report.
• 1:13:58
  So we scroll all the way down. They have a long term Bitcoin
• 1:14:03
  market cap multiplier and they've got a short term Bitcoin
• 1:14:07
  market cap multiplier. So the little green oscillations
• 1:14:11
  in the bottom of this chart, this shows the multiplier effect
• 1:14:15
  and you can see it spikes higher in times of high volatility.
• 1:14:20
  OK, And essentially the TLDR of this report, again, look at the
• 1:14:24
  report. They didn't muck around.
• 1:14:27
  They did a lot of digging, they did a lot of number crunching.
• 1:14:29
  The guys at Gemini did well with this one.
• 1:14:32
  The synopsis of this report that we're interested in, as it says
• 1:14:35
  here for short term impacts, the 30 day Bitcoin market cap
• 1:14:40
  multiplier can range from near 0 to 25 X, especially during high
• 1:14:48
  volatility periods. So on average, this short term
• 1:14:52
  multiplier is about 8X, meaning $1.00 of capital coming in will
• 1:14:57
  move the market cap up by $8. I just thought personally, this
• 1:15:02
  report is huge. It's massive.
• 1:15:04
  And I think that's a really simple overview of what the
• 1:15:07
  multiplier effect and what it does in the short term rather
• 1:15:11
  now the long term slightly different.
• 1:15:13
  And again, I prefer to look at, you know conservative numbers,
• 1:15:18
  but the long term bull market multiplier.
• 1:15:22
  This is in bull markets we see 3.7 X, so $1.00 comes in.
• 1:15:27
  This pushes the market cap up by that 3.7 dollars.
• 1:15:32
  So that's kind of the difference there.
• 1:15:34
  In bull markets we're at 3.7 in the long run.
• 1:15:37
  In the short term, we're looking at something much higher, 8X and
• 1:15:41
  even up to 25 X in periods of high volatility.
• 1:15:49
  So I'm I'm trying to do quick math here.
• 1:15:51
  Hit me what you got. All right, so we're at roughly a
• 1:15:57
  $2 trillion market cap right now.
• 1:15:59
  Yep, to go to 4 trillion market cap, we'll use the conservative
• 1:16:04
  number of 3.7 multiplier effect. So that's what roughly. 500
• 1:16:12
  billion. 506 hundred billion of capital that needs to come into
• 1:16:16
  Bitcoin. We're seeing some of these
• 1:16:19
  companies talk about buying billions of dollars of Bitcoin.
• 1:16:24
  We're seeing the ETFs buy a lot of Bitcoin.
• 1:16:31
  It's really not that crazy to to think Bitcoin can go to 300 K is
• 1:16:35
  it? I guess the TLDR here, I don't
• 1:16:37
  know what is someone quick, quick someone do the Fact Check
• 1:16:42
  here. What is $500 billion in Bitcoin
• 1:16:46
  right now? That's currently 1/4 of the
• 1:16:49
  supply if that so the obviously that's not possible like that,
• 1:16:54
  you know, I don't think they'll be able to get 1/4 of the
• 1:16:57
  Bitcoin supply. What's that, 5 million coins or
• 1:16:59
  something like that? But if this does start running
• 1:17:08
  and someone or multiple corporate treasuries and the ETS
• 1:17:12
  still kind of are swallowing a lot of Bitcoin, you know, if
• 1:17:16
  someone tries to buy like a million Bitcoin, basically
• 1:17:19
  someone has that panic or a couple of companies have that
• 1:17:21
  panic of trying to buy about 1,000,000 coins, this could run
• 1:17:27
  up really fast. Will you go back to the OTC desk
• 1:17:30
  real quick? The chart please.
• 1:17:32
  Absolutely. And here's the thing off the I
• 1:17:34
  didn't even think we need people wanting to buy a million coins.
• 1:17:37
  I didn't I didn't think we need that much demand.
• 1:17:39
  There's Matt Hogan, I believe said that what the ETFs did in
• 1:17:45
  the first year, he actually expects them to repeat that in
• 1:17:48
  the second year, which again, is available.
• 1:17:51
  Like that's huge. But that would represent like
• 1:17:54
  what about I? I didn't know exactly the number
• 1:17:57
  of Bitcoin held by ETFs, but it's.
• 1:18:00
  I'll look for it real quick. Nice.
• 1:18:02
  We're both looking for sauce. Here, yeah, we got the sauce
• 1:18:05
  here. So the ETF, so this is according
• 1:18:09
  to Bitcoin Treasuries, currently has 1,424,708 Bitcoin at a price
• 1:18:18
  value of what's his 100,000 million, 155.5 billion.
• 1:18:24
  OK. That sounds directionally
• 1:18:27
  correct. So if Matt Hogan's right and we
• 1:18:29
  see more demand in 2025 than we saw in 2024, then if we see
• 1:18:34
  another $150 billion of demand with a 4X Bitcoin multiplier,
• 1:18:40
  that would add $600 billion to the Bitcoin market cap.
• 1:18:44
  So that would take us from. 2.7 trillion.
• 1:18:49
  Yep. And that would that's meaningful
• 1:18:54
  move and that would just be from the ETFs opt in.
• 1:18:57
  Let's not forget what are we, what are we talking about
• 1:18:59
  earlier in the show, We're talking about the fact that
• 1:19:02
  public companies have bought more than the ETFs for 3/4 in a
• 1:19:07
  row. So all of a sudden we're not
• 1:19:10
  looking at $150 billion of demand this year.
• 1:19:13
  We could be looking comfortably AT400500 billion just coming
• 1:19:18
  from the ETF and the public companies.
• 1:19:20
  And if you've got $500 billion of demand with an 8X short term
• 1:19:25
  multiplier, let's use that 8X average.
• 1:19:28
  All of a sudden you've got $4 trillion added to the market
• 1:19:32
  cap. That would literally take
• 1:19:34
  Bitcoin from 2 trillion to 6 trillion, and that would take us
• 1:19:37
  to over $330,000 a coin just with the same amount of buying
• 1:19:44
  that we've seen from the ETFs and the public companies from
• 1:19:47
  the past year. We just extrapolate that data
• 1:19:49
  out a year. That's it.
• 1:19:52
  OK, well let's let's use the conservative numbers that you
• 1:19:56
  because someone in the in the chat said checkmate.
• 1:19:58
  He's been saying it never gets higher than 6X multiplier.
• 1:20:01
  What was the number that you just used?
• 1:20:03
  150 billion * 6. Is that is that what the math
• 1:20:08
  you just did? You're muted.
• 1:20:11
  You're muted bro. Oh, his mic died too.
• 1:20:16
  This guy. You got to come prepared bro.
• 1:20:21
  I'm always prepared. I got a second MIC, she's gone,
• 1:20:25
  the camera's dead, the Mic's flat.
• 1:20:27
  So I was just saying I did 2 rounds of maths, Optia.
• 1:20:29
  First one I did was more conservative, second one was I
• 1:20:32
  added up the ETF demand as well as the public company.
• 1:20:37
  Oh, OK, so it was like 300 billion.
• 1:20:39
  So 300 billion * 6 that is what, 1.8 trillion?
• 1:20:44
  That's a simple double. That's you know, we'll we'll
• 1:20:47
  we'll round it up here another 2 trillion coming in all right so
• 1:20:53
  to my boy that's in the chat right now saying we're not going
• 1:20:56
  past 150 K the math simple 300K confirmed let's go.
• 1:21:05
  Foolish baby. And again, this is the, this is
• 1:21:07
  the scary thing that I think, well, this is the thing that I
• 1:21:10
  think is going to scare people about this cycle.
• 1:21:13
  If the ETFs and if the public companies just buy the same
• 1:21:17
  amount of Bitcoin that they did in 2024.
• 1:21:20
  In 2025, we just ran the maths with that short term Bitcoin
• 1:21:24
  bull market multiplier of 8X, we're at over $300,000 a coin.
• 1:21:29
  And that is without retail. We've got no retail factored
• 1:21:33
  into that price. So what's what happens if we
• 1:21:36
  have another year of this aggressive accumulation from the
• 1:21:40
  big boys, the ETFs and the public companies and the nation
• 1:21:44
  states? Well, we're going to see another
• 1:21:46
  5-6 hundred thousand Bitcoin leave the exchanges and we're
• 1:21:49
  going to see Bitcoin at multiple hundreds of thousands of dollars
• 1:21:52
  a coin. And then retail's going to come
• 1:21:55
  into the party late and they're going to create the parabola.
• 1:21:58
  And this is where things get unpredictable.
• 1:22:00
  This is where things get really interesting.
• 1:22:02
  And this is going to be our first Bitcoin bull market where
• 1:22:05
  we have billionaires, nation states, sovereign wealth funds
• 1:22:09
  and the retail speculative crowd.
• 1:22:12
  Let's say that hitting that big green buy button on the
• 1:22:15
  exchanges all at once. And I think this is going to be
• 1:22:18
  the cycle that I'm most interested in.
• 1:22:20
  Let's just say that who knows what's going to happen in it,
• 1:22:23
  but I'm I'm really interested by what's going to happen in the
• 1:22:26
  next 6 months. Let's say that up to.
• 1:22:28
  Yeah. No, I mean, I, I'm with you.
• 1:22:31
  I think, you know, I'm probably a broken record when it comes to
• 1:22:35
  what I think the price is going to do.
• 1:22:36
  But I do fundamentally believe the next six months, at the very
• 1:22:40
  least the end of this year, I think they're going to get very
• 1:22:44
  interesting. And I I just don't see a double
• 1:22:47
  top happening. I don't see, you know, 150K as
• 1:22:50
  the top happening. Yes, it sounds crazy, you know,
• 1:22:53
  Bitcoin moving what you know, 50% move from here.
• 1:22:58
  But when you look at the the multiplier effect, and even if
• 1:23:02
  you're conservative, moving the price, a trillion dollars in
• 1:23:07
  market cap doesn't necessarily mean a trillion dollars needs to
• 1:23:11
  come into Bitcoin to move that price up.
• 1:23:14
  It's what, like 300 billion If we're using that conservative 3X
• 1:23:18
  multiplier, that's probably on the horizon.
• 1:23:23
  You know, that's, that might just be from the ETFs
• 1:23:25
  themselves. And now we're seeing the FOMO,
• 1:23:30
  the competitiveness around these corporate treasuries.
• 1:23:33
  It's looking like billionaires are starting to phone.
• 1:23:35
  But we did see that. What's it Philip Lafont guy go
• 1:23:39
  on CNBC? He's like, I can't go to bed at
• 1:23:41
  night thinking about why I didn't buy Bitcoin.
• 1:23:44
  And again, when they did their toes into Bitcoin, a measly 10%
• 1:23:49
  of their net worth, like that's a lot of capital.
• 1:23:53
  That's a shit ton of capital here.
• 1:23:54
  There. It really feels like it's a new,
• 1:23:58
  a new era here. It's a new game being played in
• 1:24:00
  the night. I don't want to say this time is
• 1:24:02
  different, but guys, I think we all can kind of agree that this
• 1:24:06
  time is different really just by the sentiment and the interest
• 1:24:11
  by the the players that are coming into Bitcoin.
• 1:24:14
  Again, whether you like it or you don't like it, retail is no
• 1:24:19
  longer driving the ship. We're just along for the ride
• 1:24:21
  here. We're just literally what is the
• 1:24:24
  little fishes on the whale's belly.
• 1:24:26
  You know, that like we eat off the, the algae off their stomach
• 1:24:29
  here. We're no longer in control here.
• 1:24:32
  You know, we just all you need to do is make sure you have a
• 1:24:35
  piece of the pie because it's going up like it has to go up.
• 1:24:40
  There's nothing in there's no amount of bearishness that my
• 1:24:43
  friend in the chat can say right now to convince me that it that
• 1:24:47
  it's otherwise. And actually, I was gonna say, I
• 1:24:50
  was gonna say I'm not gonna dox him.
• 1:24:52
  But let's. I'm.
• 1:24:54
  Doxing let's I'm not gonna pull it up on the stream, but he said
• 1:24:58
  in the chat. So you guys can throw tomatoes
• 1:25:00
  at him in the chat, he said bull tardism.
• 1:25:02
  There's no cure for it. Yes, you're right.
• 1:25:05
  There's no amount of bearishness you can say to me that is going
• 1:25:09
  to convince me this isn't going to RIP by the end of the year.
• 1:25:11
  So there's my 2 sats. I'm not going to fully dox him,
• 1:25:15
  but you guys can. He's in the chat so you know,
• 1:25:17
  have fun trolling him. But yes.
• 1:25:21
  There's no, There's no. Cure for boltardism?
• 1:25:24
  Absolutely razz him up in the chat.
• 1:25:25
  I think again, where we are right now in this cycle, there
• 1:25:29
  is no excuse to be bearish on Bitcoin.
• 1:25:32
  There is absolutely no excuse. I, I think again, the next six
• 1:25:35
  months is going to be really interesting.
• 1:25:38
  I think the next six months is going to be the time when you
• 1:25:42
  need to have your Bitcoin plan in order.
• 1:25:45
  OK, All I'm going to say is look, if you, if it's $110,000
• 1:25:49
  Bitcoin today, Bitcoin's at a new all time high, the money
• 1:25:52
  printers are about to be turned on.
• 1:25:54
  And if you're not sold on Bitcoin, just spend 1020 hours
• 1:25:57
  looking into Bitcoin. Go watch a couple of videos,
• 1:26:00
  read a couple articles. If you still think Bitcoin's not
• 1:26:03
  for you, that's cool. But you know, at least if you're
• 1:26:06
  ever going to do the work, if you're ever going to just spend
• 1:26:08
  5 hours looking into Bitcoin, look into it now while it's at
• 1:26:11
  $110,000, just below its all time high.
• 1:26:14
  We know the data. When Bitcoin breaks all time
• 1:26:17
  highs and it breaks out to a new all time high, it moves pretty
• 1:26:21
  aggressively. So you don't want to be left on
• 1:26:23
  the sidelines over the next six months if the bull tarts are
• 1:26:27
  right and if we are in a bull market, because again, I don't
• 1:26:29
  know Opti, it doesn't look like we've double topped here at 100.
• 1:26:33
  It looks like this puppy's breaking out.
• 1:26:35
  It looks like it's knocking on the door of 110 and it looks
• 1:26:37
  like we're going to move higher, but who knows?
• 1:26:39
  Yeah, we're at a negative 2% from all time high guys, it's
• 1:26:43
  over double top pack it up. It's going to what were the what
• 1:26:47
  was the old ones like? It's going to 1K again.
• 1:26:50
  You know it's over And yes shout out to RB cuz this is hopium
• 1:26:57
  central. This is this is what you come
• 1:27:00
  here for that for me and Luke to get absolutely bullet hearted on
• 1:27:03
  the show. So man, this was fun.
• 1:27:05
  I, I had fun today. I, I love speculating on where
• 1:27:10
  we're going here. I love throwing out some data
• 1:27:12
  and being like, yeah, see, I knew it was, I knew it was gonna
• 1:27:15
  do what I'm gonna do. Guys, this is the funnest part
• 1:27:17
  about being a bitcoiner is when you can tell all your friends
• 1:27:19
  and family I was right. So, you know, in six months I
• 1:27:23
  might have to delete my Twitter account or I can, you know, rub
• 1:27:27
  it in my friend's face and be you see, I was right.
• 1:27:29
  I told you I was right. It was me with 45 IQ that was
• 1:27:33
  right here. OK?
• 1:27:34
  I am the smart one here. I'm the captain now.
• 1:27:37
  What does Trump say? You get tired of me?
• 1:27:40
  What's that? Trump from the Trump.
• 1:27:43
  For like last month I was like, is this what winning feels like
• 1:27:47
  now? I'm like, man, I am more
• 1:27:48
  convinced that I'm actually winning than ever before.
• 1:27:51
  So no, I'm not tired yet. If this is what winning feel
• 1:27:55
  like, this is boring. You know, I thought winning
• 1:27:57
  would be more fun. This is not that fun yet.
• 1:28:00
  Like I, I, I must be dopamine fried here.
• 1:28:03
  I need some more dopamine here. And the only source of that
• 1:28:06
  dopamine is the Bitcoin price going nuclear.
• 1:28:10
  So give me dopamine Bitcoin. I need you to RIP.
• 1:28:16
  Number go up is the only dopamine source that I like.
• 1:28:20
  Maybe we'll hit a new all time high as soon as we're in this
• 1:28:23
  stream up there. That would be cool.
• 1:28:25
  That I'd. I'd like that.
• 1:28:26
  That'd be great. Yes.
• 1:28:28
  This isn't curable. This is incurable opium.
• 1:28:31
  Here. It's simply hopium central.
• 1:28:33
  We have rebranded. All right, man.
• 1:28:35
  Well, Luke, thank you so much. This one was actually fun.
• 1:28:39
  I had fun some days you know it feels like a job some days
• 1:28:42
  they're just like man, I'm just bullshit with my friends here.
• 1:28:45
  So this was one of those days man.
• 1:28:47
  I hope you guys enjoyed the show.
• 1:28:49
  Of course, smash the like button comment.
• 1:28:51
  Tell us where tell us we're super bull tarted in the
• 1:28:53
  comments. Well, I'm, I'm gonna I, I
• 1:28:56
  usually avoid the comments 'cause you guys are kind of mean
• 1:28:58
  sometimes, but we'll look at these comments here today.
• 1:29:03
  Tell me we if we're too bull tarted, of course, hit the
• 1:29:06
  subscribe button man. Well, Luke, thank you for
• 1:29:09
  filling in this week. You do get a break for the rest
• 1:29:12
  of the week, at least on the show.
• 1:29:15
  I will I will be back tomorrow. Nico still on vacation.
• 1:29:20
  He's doing some family stuff and you're stuck with me for two
• 1:29:23
  more days. So I'm sure we're going to get
• 1:29:25
  really bull tarted by the end of this week.
• 1:29:28
  I'll, I'll have some good stuff for you guys tomorrow anyways,
• 1:29:30
  Luke, appreciate it, man. I'll see you on the flip side.
• 1:29:34
  Thanks for having me bro, have a good day guys.
• 1:29:36
  Yes, Sir. All right, guys, we are out of
• 1:29:39
  here. Today's episode was brought to
• 1:29:41
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:29:45
  mission to enable financial independence.