Latest / Simply Bitcoin / Is Bitcoins Bull Run Over?! (Trumps "Planned" Market Crash Explained) | EP 1217

Transcript

Is Bitcoins Bull Run Over?! (Trumps "Planned" Market Crash Explained) | EP 1217 · Simply Bitcoin

• 0:00
  Trump's tariffs have broke the global market, plunging Bitcoin
• 0:04
  to its lowest levels in six months despite the world's
• 0:08
  largest asset managers like BlackRock Infidelity talking
• 0:12
  about Bitcoin retirement products.
• 0:14
  Bitcoin can't seem to decouple from the equity market and many
• 0:19
  people are wondering, is bitcoins bull run over?
• 0:22
  Is Bitcoin headed back to the 60 K purgatory range or is this the
• 0:27
  greatest asymmetric buying opportunity in bitcoins history?
• 0:31
  Today we're going to cover whether Trump's tariffs will
• 0:34
  crash the markets more. I'm sure everyone was wondering
• 0:36
  what was going on in the Bitcoin price, what's going on in the
• 0:39
  macro economic landscape. And of course, we're going to
• 0:42
  try to uncover why Bitcoin is dumping and the only thing that
• 0:46
  really matters, explain when and why you should be buying the
• 0:51
  dip. So let's get into this guys.
• 0:53
  We got a lot to cover. And of course, I am not alone.
• 0:57
  We have Luke Mikic, the one and only the the probably the most
• 1:01
  bullish person making content and Craig from the Bitcoin
• 1:06
  conference with the programming. So thank you guys.
• 1:09
  Welcome. And let me just go through this
• 1:11
  because we we have a, we have a pretty big saga here.
• 1:13
  So, you know, just kind of grasping what's going on where,
• 1:17
  where we are right now in the markets, we're seeing that there
• 1:20
  is a lot of uncertainty going on.
• 1:22
  If you've been watching the markets, you're probably seeing
• 1:26
  that there was some blood on the streets.
• 1:27
  Friday was bad, Thursday was bad, Sunday night, Bitcoin
• 1:31
  crash. This morning we are seeing some
• 1:34
  tricky stuff going on and I'm going to try to explain what's
• 1:36
  going on in the markets, but let's start with what Trump has
• 1:39
  been saying because this is essentially what everyone is
• 1:42
  watching. So April 6th, yesterday we got a
• 1:45
  tweet or a quote from President Trump saying that sometimes you
• 1:48
  have to take medicine when asked about the current market
• 1:51
  conditions. As you know, we've been kind of
• 1:53
  covering the last couple of weeks what is going on in the
• 1:56
  macro landscape. And there's been a lot of
• 1:58
  conversation around maybe consensus around the idea that
• 2:02
  what we're seeing right now is this planned Trump explosion.
• 2:05
  Maybe they are detonating the markets because essentially, you
• 2:09
  know, they want to get the interest rates down.
• 2:11
  They're trying to reel in Jay Powell and the Fed and get that
• 2:14
  under the US Treasury. And of course, all of these
• 2:18
  terrorists to essentially balance trade around the world
• 2:21
  is making people feel very uncomfortable right now.
• 2:23
  But hey, Trump's essentially saying we need to give the
• 2:27
  economy some medicine right now because for a long time we've
• 2:31
  been seeing every president around the world, or rather
• 2:33
  every president in the history of the US Well, not the history,
• 2:36
  but most of it is essentially kicking the can down the road.
• 2:38
  Now, you know, updating you guys this morning, we got this news
• 2:41
  from unusual whales. It's basically the worst three
• 2:44
  day performance for the S&P 500 since October 1987.
• 2:48
  And if you've been listening to a lot of the interviews we've
• 2:50
  been doing with Larry LaPorte or anything Larry LaPorte been
• 2:53
  doing, he has been connecting what we're seeing in the markets
• 2:56
  to potentially the, you know, Black Monday of 1987.
• 2:59
  Now, we didn't really get that this morning.
• 3:01
  Obviously it's still early in the trading day in the trading
• 3:04
  session. But here is Donald Trump's take
• 3:07
  on true social. And this was this morning.
• 3:10
  This was before the the markets open.
• 3:12
  So he goes, oil prices are down, interest rates are down.
• 3:15
  The slow moving Fed should cut rates.
• 3:17
  Food prices are down, there's no inflation, and the long time
• 3:21
  abuse USA is bringing in billions of dollars a week from
• 3:24
  the abusing countries on tariffs that are already in place.
• 3:27
  This is despite the fact that the biggest abuser of them all,
• 3:29
  China whose markets are crashing just raised its tariffs by 34%
• 3:34
  on top of its long term ridiculously high tariffs.
• 3:37
  Plus not acknowledging my warning for abusing countries
• 3:40
  not to retaliate. They've made enough for decades
• 3:43
  taking advantage of the good old USA.
• 3:45
  Our past quote, UN quote, leaders are to blame for
• 3:48
  allowing this and so much else to happen to our country, make
• 3:51
  America great again. Now, remember, guys, if you've
• 3:53
  been watching the show the last over the weekend, if you watch
• 3:56
  Bitlock boom, kind of Dante, what Dante's been putting out on
• 3:59
  the channel, he's been saying a very interesting take here is
• 4:03
  this idea that what we're seeing in the markets, Trump is
• 4:06
  essentially going to blame the Biden administration.
• 4:08
  You know, he's new on the job. He's basically got the 1st 100
• 4:11
  days or 1st 180 days to shake up the markets and essentially put
• 4:16
  all that blame on the previous leadership.
• 4:18
  And then he will start to, you know, get his his profit gains
• 4:22
  from the bottom of the market. It seems like he's kind of doing
• 4:25
  that. It's kind of hinting towards
• 4:26
  that a little bit. Now.
• 4:28
  The interesting thing we saw this morning was a fake news
• 4:31
  article this morning. It's really like a Twitter
• 4:33
  headline that Reuters ran with and and it was at the White
• 4:37
  House essentially, this was the fake news was going to put a 90
• 4:40
  day pause on the tariffs. Well, it came out on CNBC
• 4:43
  roughly like 30 minutes later that this was fake news, but the
• 4:46
  markets reacted favorably. They started to pump on this
• 4:50
  news that they're going to stop this tariffs going.
• 4:52
  So again, I'm not going to go to chart boy on you guys, but I do
• 4:55
  want to look at what's going on in the SP500 and the NASDAQ and
• 4:59
  the 10 year bonds and of course in gold and then we'll reel this
• 5:02
  back in into Bitcoin. So first of all, though, guys, I
• 5:06
  don't know if you guys were on Trading View this morning, but
• 5:08
  like their servers were down. They were having a lot of
• 5:10
  trouble. It seems like everyone and their
• 5:12
  mother was looking at Trading View to see what was going to
• 5:14
  happen on Monday, whether it was going to be a bloody Monday or
• 5:17
  whether the markets would react favorably.
• 5:20
  So we saw SPX or the SP500 it it did kind of respond favorably.
• 5:25
  As of now, we are in, you know, a Green Day.
• 5:28
  But if you zoom in and and forgive me guys, if this doesn't
• 5:31
  work, OK, we got it all right. So you can see here that this
• 5:35
  green pump here was on this 90 day tariff pause and then right
• 5:42
  when they found out it kind of dumped back down.
• 5:44
  It seems to be going kind of sideways.
• 5:46
  So it doesn't seem like we're going to get a bloody Monday
• 5:48
  yet, but it did go down now. OK, Luke, Yeah, you're pulling
• 5:54
  some stuff now moving forward, of course, we're going to just
• 5:57
  go kind of global markets here. We are going to do some chart
• 5:59
  boy stuff. I'm not going to chart boy you
• 6:01
  too much. But we have NASDAQ again doing
• 6:04
  something very similar to the SP500.
• 6:06
  It did drop, but it seems to be recovered.
• 6:09
  Seems like it's a Green Day. It seems like maybe the tariff
• 6:11
  uncertainty isn't really going to blow up all the markets yet.
• 6:15
  Obviously there's still time for this to take place, but maybe it
• 6:19
  is what Trump's been saying that the markets need to take some
• 6:21
  medicine first. Now, of course, going further,
• 6:24
  we have gold's kind of dumped from its all time high and of
• 6:28
  course gold is the the legacy store of value here and it's
• 6:32
  also reacting in a similar way of to what we're seeing from the
• 6:36
  Bitcoin price. So now reeling this back in.
• 6:39
  Oh, sorry, we got the 10 year bonds and this might be the most
• 6:41
  interesting thing we've seen Look at this green candle here,
• 6:44
  guys. We were all talking about this
• 6:46
  over the weekend. Oh man, it looks like the
• 6:48
  planned detonation of the economy or Wall Street and
• 6:52
  essentially driving people into treasuries.
• 6:55
  It seems like the rates have responded in the opposite
• 6:58
  direction of what Trump's been doing, which might be the most
• 7:01
  interesting thing we're seeing right now.
• 7:03
  We all understand what the Fed's been trying to do.
• 7:06
  They obviously have two mandates, which is to lower
• 7:09
  inflation and of course make sure that unemployment doesn't
• 7:12
  get out of hand. And this whole scenario we've
• 7:14
  been seeing in the market is essentially Trump trying to
• 7:17
  drive down the 10 year bond yield under 4%.
• 7:21
  A lot of been people been saying it should go to around 1% while
• 7:24
  it's reacting in the opposite direction, which is very
• 7:26
  interesting to watch. Now just kind of reeling this
• 7:29
  back into Bitcoin. I'm sure you guys saw the
• 7:31
  Bitcoin price. We got down to 74 K this
• 7:35
  morning. Yesterday it dumped, but it
• 7:37
  seems to be holding kind of stable.
• 7:39
  Obviously we'll see what happens later in the market.
• 7:42
  But one thing that I did kind of troll, I was trolling yesterday.
• 7:46
  I was I was having fun. Dante was over before he left
• 7:48
  back home and I was kind of just bear posting on Twitter just to
• 7:52
  have some fun and I go death cross.
• 7:54
  We're packing up boys. We had a good run essentially
• 7:57
  saying the bull runs over. But you know, I, I don't think
• 8:00
  the bull run is over, but spoon man basically hit the nail on
• 8:03
  the head for whatever it's worse.
• 8:04
  They usually mark the bottom of the move.
• 8:05
  So going back to the Bitcoin chart, you'll see we hit the
• 8:08
  death cross. And if you look at historically,
• 8:10
  you know, once you get a death cross seems to be going
• 8:12
  sideways. So maybe this is the bottom.
• 8:14
  Maybe we're trending between as a lot of us have been saying,
• 8:17
  you know, this 90K75K sideways chop solidation.
• 8:22
  So it looks like maybe we've hit the bottom, boys and girls,
• 8:26
  Let's hope. But you know, at the very least
• 8:28
  we get cheap sats. So if you are kind of sitting on
• 8:31
  the sidelines thinking it's going to go lower, I think we
• 8:34
  might have hit the bottom. And this is probably where we
• 8:38
  reel in Bitcoin and whether you should be buying Bitcoin.
• 8:41
  Obviously, this is a dip. We all know the memes in
• 8:44
  Bitcoin. When it dips, you buy the dip.
• 8:45
  This is what you do. Now, we covered this on the
• 8:49
  show, I believe it was Friday, but we didn't play you the clip.
• 8:52
  U.S. Treasury Secretary Scott Besson
• 8:54
  basically coming out here. This is the most bullish
• 8:57
  administration on Bitcoin we've seen ever, and he's saying
• 9:00
  Bitcoin is becoming a store of value.
• 9:01
  So I want to play that clip for you guys real quick.
• 9:04
  And then we have even one more bullish take here on whether or
• 9:08
  not you should be buying Bitcoin.
• 9:09
  But let's hear Scott Besson's view on Bitcoin becoming a store
• 9:12
  of value. So it was unclear whether we
• 9:18
  were going to exempt gold from tariffs, which I believe we
• 9:22
  have. So there was a big move out of
• 9:25
  ults in Switzerland, out of ults in London to get it into New
• 9:30
  York. And look that there, there are a
• 9:34
  lot of different stores of value over time, Bitcoins becoming a
• 9:39
  store of value. Gold has historically been a
• 9:42
  store of value. I think what's interesting is
• 9:46
  where do we see the gold demand coming from?
• 9:49
  Huge amount is from China, where as I said, they're in the middle
• 9:54
  of an economic recession slash depression.
• 9:57
  People don't trust the Chinese currency because they have
• 10:00
  capital controls. There are 1.1 point 4 billion
• 10:06
  Chinese who won't want to get their money out, and they won't
• 10:09
  let them. Interesting to say the least.
• 10:15
  Could you have ever thought that Janet Yellen would say something
• 10:19
  of that nature, that Bitcoin is becoming a store of value?
• 10:22
  She was taking the opposite. Now, the last thing is kind of,
• 10:26
  you know, a heuristic that you hear a lot.
• 10:27
  It's essentially when there's blood on the streets, that's
• 10:30
  when you should be buying. And CEO of BlackRock, Larry Fink
• 10:34
  just doubling down on this, he might actually be extremely
• 10:37
  bullish on Bitcoin. He says market chaos is a buying
• 10:39
  opportunities. He thinks Bitcoin is going to be
• 10:41
  the next global reserve currency.
• 10:43
  Remember his stupidly bullish predictions of 700K Bitcoin this
• 10:46
  year? It seems like the big boys out
• 10:49
  here are getting really bullish on Bitcoin.
• 10:52
  Obviously, we're still a very tiny asset in the global market
• 10:56
  landscape, but all things considered, I would say Bitcoin
• 11:00
  is reacting very favorably. Of course, on Friday, Bitcoin
• 11:02
  kind of went stagnant while everything was dropping.
• 11:05
  Now we're seeing that, hey, Bitcoin isn't dropping too much.
• 11:08
  Yes, we hit that 74 K range. You know, Arthur Hayes, Larry
• 11:13
  LaPorte have been saying something very similar to that.
• 11:15
  We might see a quick dip down into the 70K before we start to
• 11:18
  hit the rocket boosters. It seems like their macro
• 11:22
  analyst is it's it's kind of on point right here.
• 11:25
  So if you are new to the Bitcoin space, if this is your first
• 11:30
  drop, if this is your first real big dip, welcome to Bitcoin,
• 11:34
  welcome to the roller coaster. This is the buying opportunity.
• 11:37
  This is when you earn your stripes.
• 11:40
  This is why we always say, not only here on simply Bitcoin, but
• 11:43
  amongst Bitcoiners that huddling isn't as easy as it sounds.
• 11:47
  Yes, all you have to do to in theory, you know, huddle Bitcoin
• 11:50
  is just buy Bitcoin taking into cold storage and you know, go
• 11:53
  away for years and you're going to be super rich.
• 11:55
  Well, in the moment, it's not that simple.
• 11:58
  You're going to get through these dips, you're going to see
• 12:00
  some price pumping. This is the roller coaster, this
• 12:03
  is the volatility. This is essentially because of
• 12:05
  the Fiat system reacting to Bitcoin and of course, Bitcoin
• 12:09
  being a 24/7 global permission list liquid market.
• 12:13
  So I think we're seeing a few things play out.
• 12:16
  Bitcoin is seemingly a leading indicator and currently reacting
• 12:20
  kind of like a tech stock. It sells off quickly before
• 12:23
  everything else does, and in response, it will also react
• 12:28
  faster than everything that we're seeing in the market.
• 12:30
  So I would say if you are wondering whether you should buy
• 12:33
  the dip, obviously the answer is yes, buy the dip, always buy the
• 12:38
  dip. Continue to buy the dip.
• 12:40
  Take that Bitcoin into cold storage.
• 12:42
  This is the way. When there's blood on the
• 12:44
  streets, you have to double down and get yourself some guacamole
• 12:48
  because you'll be buying the dip guys anyway.
• 12:50
  Luke, I saw you pulled up a chart, so or you had it up.
• 12:54
  Maybe. Maybe you took it up.
• 12:55
  Oh, no, it's still here. All right, Luke, I'm going to
• 12:56
  pass it to you and then we'll pass it to Craig.
• 12:58
  What is this chart and what do you want to talk about?
• 13:01
  Yes, I mean, you were just mentioning chart boys and I, I
• 13:05
  just pulled up the S&P 500 chart again, I am not a chart boy.
• 13:08
  I never draw funny lines on charts.
• 13:12
  This is, you know, I never, ever, ever talk about technical
• 13:14
  analysis. But what I think is really
• 13:16
  interesting is that the S&P 500 is simply retesting its previous
• 13:20
  all time high that it's set in 2022.
• 13:23
  So a lot of people saying, you know, 1929 Great Depression, 85%
• 13:28
  crash incoming, I'm incredibly skeptical of that.
• 13:32
  I just believe that what we're seeing right now is the
• 13:35
  beginning phases of the money spigots being turned on.
• 13:39
  Every four years. Global liquidity goes through a
• 13:43
  very predictable cycle. Right now.
• 13:46
  We actually haven't even seen global liquidity really increase
• 13:50
  over the past two years. And bitcoins pumped from $16,000
• 13:55
  to $110,000. If you actually go back and look
• 13:58
  at each prior Bitcoin bull market, it's actually coincided
• 14:02
  with global liquidity increasing.
• 14:04
  So in 2013, from memory, global M2 rose by something like 26%.
• 14:12
  And in that 2013 era, Bitcoin rallied by something bonkers
• 14:16
  like 100 X when it saw that big double pump bull run.
• 14:21
  And then in 2016, four years later, in this 20/16/2017 era,
• 14:26
  global liquidity rose by something like 22%.
• 14:30
  And everybody is familiar with what happened with Bitcoin.
• 14:32
  We rallied by 20X. We went from 1K to 20K in nine
• 14:37
  months in 2017. Then in the 2020 era, global
• 14:41
  liquidity rose by something like 40 to 50% during the, let's call
• 14:47
  it what it is. The 2020 Hysteria Printer on
• 14:51
  that went across the world and Bitcoin rallied again by about 5
• 14:55
  to 600%. We rallied from around 5:00 to
• 15:00
  10K to 65K in the space of six months.
• 15:03
  And right now what I think is really interesting is that
• 15:07
  Bitcoin's already rallied from $16,000 to a peak of $109,000.
• 15:13
  And what has global liquidity done?
• 15:16
  It's literally increased by that 3% in the past 12 to 18 months.
• 15:21
  While Bitcoin has already had a head start on the bull run.
• 15:26
  That's what I think we're watching.
• 15:27
  Global liquidity has not even started increasing again in
• 15:31
  2013. Twenty, 6% expansion in M2
• 15:35
  global liquidity, 22% in the 2017 bull run, around 40 to 50%
• 15:41
  in the 2020-2021 bull run. Right now between 2024 and 2025,
• 15:46
  3% global liquidity expansion. So I think when we really zoom
• 15:51
  out and have a look at the bigger picture, what we're
• 15:53
  seeing right now is Trump simply trying to get global liquidity
• 15:59
  expanding at a faster rate. That's all he's doing.
• 16:03
  He's raising tariffs because what does he want?
• 16:06
  Trump wants lower interest rates.
• 16:09
  Trump has always wanted lower interest rates and the money
• 16:13
  printers to turn on. OK, This is all I believe Trump
• 16:17
  is doing right now. If I had to guess, I think we're
• 16:20
  going to reach some sort of a tariff stalemate in the next
• 16:24
  week, 2 weeks, 3 weeks, the markets are down 21%.
• 16:28
  The probabilities of the Federal Reserve making five interest
• 16:32
  rate cuts this year are increasing by the day.
• 16:35
  So I believe Trump has nearly got his way with the Federal
• 16:39
  Reserve. And again, like we say in bull
• 16:42
  markets, what happens, Bitcoin routinely sees these 20 to 30 to
• 16:48
  even 40% corrections. That shakes out the weak hands.
• 16:52
  Again, we've rallied from 16 K to 109 K along the way.
• 16:57
  We have seen 21% correction. We saw a 35% correction in the
• 17:02
  summer doldrums of 2024 when we went sideways for what, seven
• 17:06
  months? Everybody thought, oh, Black
• 17:08
  Rock's distributing the coins at the previous all time high.
• 17:12
  It's over Bitcoins going back to 20 Ki again here on simply
• 17:16
  Bitcoin, we weren't bearish. We were bullish that whole time.
• 17:19
  Again, it was just another 35% bull market correction.
• 17:23
  And I think we're seeing another one of these very typical 30 to
• 17:27
  35% bull run corrections right now.
• 17:30
  We're about that off the all time high 31 to 32%.
• 17:33
  Let's remember what happened in 2017.
• 17:36
  Like we mentioned, Bitcoin rallied from 1K to 20K in nine
• 17:40
  months. Most people thought, oh, if I
• 17:43
  was around in Bitcoin in 2017, I would have made a 20XI would
• 17:47
  have been a genius. It would have been easy to
• 17:49
  huddle during that bull run of nine months.
• 17:51
  But what most people forget is there was 6 corrections bigger
• 17:55
  than 29% in that very short nine month window.
• 17:59
  Bull runs are very volatile. That's what I'm trying to hammer
• 18:02
  into you guys today. And I think the little 3035%
• 18:06
  correction we're seeing right now, it's just the first of many
• 18:09
  bull market corrections that we're going to see over the next
• 18:12
  6 to 9 months. OK.
• 18:14
  Well, Luke always stupidly bullish.
• 18:17
  The one thing though, I think the one caveat here Luke is the
• 18:21
  there is a little difference and make it make it simple and short
• 18:26
  because I know you like to ramble a little bit sometimes
• 18:28
  and get bullish here. But what we're seeing this cycle
• 18:31
  is a new level of general macro uncertainty.
• 18:34
  Now it is going to be interesting whether Bitcoin
• 18:37
  cycles do play out like they did and we do see a 30% correction
• 18:41
  and it still rips. But in the face of all the
• 18:43
  uncertainty, maybe we are going to be trading more like a risk
• 18:48
  on asset than a risk off asset. What would be your take to that
• 18:51
  before we go over to Craig? BlackRock disagrees.
• 18:55
  There we go. Fair enough.
• 18:58
  Fair enough. OK, Craig, you know, head of
• 19:01
  programming or programming at the Bitcoin conference, we're
• 19:04
  super excited to be in Vegas. What's your takes on the general
• 19:08
  market uncertainty? You know, as a long time
• 19:11
  Bitcoiner, a lot of us are just kind of like whatever Bitcoins
• 19:15
  going to do, what it's going to do.
• 19:16
  But it is like we are, it does seem like we are entering a
• 19:19
  whole new paradigm in the Bitcoin space.
• 19:22
  So what's your take from your vantage point?
• 19:25
  Yeah, well, first of all, I'm definitely more on the Adiq pleb
• 19:29
  side of things. So when it when it comes to
• 19:31
  macro, like as much as I try to learn and read about it, I'm no
• 19:34
  expert and no tariff expert, but I distinctly remember exactly
• 19:39
  where I was sitting in the March 2020 crash.
• 19:41
  And this to me doesn't feel like that yet.
• 19:44
  This is, you know, the numbers are a much bigger because we're
• 19:48
  talking, you know, from 100,000 to 74,000.
• 19:51
  That's a big drop when it comes to dollar amount, but when
• 19:55
  you're looking at the percentage points like Luke was mentioning,
• 19:59
  it's pretty typical for the bull runs.
• 20:01
  So I think, you know one thing that's different.
• 20:03
  I don't think this cycle is necessarily different.
• 20:06
  I think what's different is that things are maybe a little bit
• 20:09
  more nuanced. I don't think that we're just in
• 20:12
  a black and white scenario like we were in the previous cycles.
• 20:17
  I think before it was, you know, Bitcoin good, all coins are shit
• 20:21
  coins. I think we're seeing
• 20:22
  developments with layer twos and integration in other ways where
• 20:27
  things are just more nuanced. I think the same thing is true
• 20:29
  when it comes to tariffs. There's not just a clear
• 20:33
  consensus picture of this is a bull run, this is a bear bear
• 20:37
  market like tariffs good, tariffs bad.
• 20:40
  I think things are a lot more nuanced now and I think that
• 20:44
  actually makes for a much more interesting time to, to be a
• 20:47
  bitcoiner because you have to really dig through and, and
• 20:50
  understand and read and take in a lot more information, which
• 20:55
  can be overwhelming. But like, we're in this for the
• 20:58
  long haul. We're not looking at, even
• 21:00
  though we check the price, you know, 15 times a day.
• 21:03
  We're, you know, looking at what Trump is tweeting about or
• 21:07
  posting about on Truth Social. And markets are reacting in real
• 21:11
  time. We've got stocks trading like
• 21:13
  meme coins. I think as Bitcoiners, we just
• 21:16
  need to zoom out, just DCA, you know, buy the dip and we're in
• 21:20
  this for the long haul. So to me, these short term
• 21:23
  price, price impacts are, you know, they, they can hurt in the
• 21:28
  short term, but just zoom out, just, you know, buy the dip DCA
• 21:32
  and then you don't have to think about it too much because by
• 21:35
  summer we could be seeing global liquidity rise and Bitcoin
• 21:38
  ripping again. Yeah, totally.
• 21:40
  I, I think you said something that that I also feel in, in
• 21:44
  very sooner regard, like 2020 was crazy.
• 21:47
  And I know there was a lot of hype over the weekend of like,
• 21:49
  oh, the world's ending from legacy media, corporate press.
• 21:53
  It, it doesn't feel like we are in that, that position right
• 21:56
  now. It seems like maybe there was
• 21:58
  some hype. There seems to be a lot of
• 22:00
  people that are trying to, you know, FUD what Trump is doing.
• 22:04
  And I'm, and I'm not the most pro Trump person on, on this
• 22:07
  channel or in general, but I think what we're seeing is
• 22:11
  probably healthy for global market.
• 22:13
  So I think you're, you're spot on when you say, 1, this isn't
• 22:16
  the, the 2020 crash all over again.
• 22:18
  And two, there is just general nuance going on in all of the
• 22:23
  this economic stuff. It's very complicated stuff and
• 22:25
  has bitcoiners. This is why we love Bitcoin.
• 22:27
  It's so simple. You're just like Bitcoin is the
• 22:29
  only data that actually matters out there.
• 22:31
  And as of now, we got some cheap set.
• 22:33
  So this is the buying opportunity that you're going to
• 22:35
  look back on and be like, man, I wish I wasn't afraid and I
• 22:39
  stacked Bitcoin AT75K80K85K. It's all not going to matter
• 22:45
  once we actually break out into the six figures, but in the time
• 22:48
  being, we're all just kind of enjoying the roller coaster.
• 22:51
  This is when you earn your stripes, guys.
• 22:53
  If you're newer to Bitcoin, this is when you earn the stripes.
• 22:56
  And does that mean that this is the bottom like 74 K was the
• 22:59
  bottom? I don't know.
• 23:01
  But like if you buy now and you buy when we, you know, hit the
• 23:05
  200 week moving average at like 48 K, like then you're like,
• 23:09
  you're feel like a genius in three years.
• 23:12
  So I think like even if you're, you know, scaling in, the most
• 23:15
  important part is staying solvent, making sure you have
• 23:18
  cash flow, liquidity and you know, some savings.
• 23:22
  Because if the Bitcoin price does go down to 50K58K, another
• 23:27
  58K gang is in here. So if it goes down there, you
• 23:30
  just want to make sure that you've got the money to pay the
• 23:32
  bills and you don't have to be selling your stack at those
• 23:35
  levels. 100% couldn't agree more all right guys, before we move
• 23:39
  on, make sure you smash the like button let's get to 150 likes in
• 23:44
  the next 10 minutes help us push this signal out there for people
• 23:48
  that might be concerned and afraid they're panicking right
• 23:51
  now, they need to be listening to this content to stack some
• 23:54
  Bitcoin all right guys moving forward, we want to give a shout
• 23:57
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• 24:01
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  Now for you guys sitting on the sidelines.
• 24:24
  If you're sitting in cash right now and you're thinking, hey,
• 24:27
  maybe these guys on YouTube are making some points here.
• 24:30
  Maybe I shouldn't be afraid and maybe I should double down and
• 24:34
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  and you want to capitulate your Fiat instantly, this is where
• 24:53
  you go the Bitcoin Well Infinite team.
• 24:56
  All right guys, on that note, we have a lot of news to cover, so
• 25:00
  I am going to cover the clip of Scott Besson.
• 25:03
  He just did an interview with with Tucker Carlson explaining
• 25:06
  what is going on in the markets. And then we got some, I mean, if
• 25:09
  I have enough time, we got some funny news coming out of CNBC
• 25:11
  and some interesting news in regards to the global Bitcoin
• 25:16
  adoption race that we are seeing ever since Trump announced the
• 25:20
  strategic Bitcoin reserve. And of course in the culture
• 25:22
  with Craig, we are going to talk about the biggest Bitcoin
• 25:25
  conference in the world in Vegas.
• 25:27
  We're going to be there guys. On that note, let's get into the
• 25:29
  show. I want to tell you guys about
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  titanium. Scan the QR card and you get 15%
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  off. All right guys let's get into
• 27:20
  the numbers. We are over here on Clark
• 27:23
  Moody's dashboard and the current Bitcoin price is
• 27:25
  $77,380.00 per Bitcoin. The SAT's per dollar, AKA how
• 27:30
  much Bitcoin you can buy for a single dollar AKA how much a
• 27:33
  dollar is worth in Bitcoin is currently at 1293 SAT's per
• 27:37
  dollar absolute discount absolute bargain going on right
• 27:40
  now. The current block height is
• 27:42
  currently 891,367 and the market cap of of Bitcoin infiato we're
• 27:48
  at $1.5 trillion. Remember when we were holding on
• 27:52
  strong at 2 trillion? Well, this is the buying
• 27:54
  opportunity, all right. Bitcoin versus gold market cap
• 27:56
  currently at 7.22%. A lot of room to run in the hard
• 28:00
  money game. The world has not woken up to
• 28:03
  Bitcoin as the superior money, as the superior store of value,
• 28:06
  as the pristine collateral that it is.
• 28:09
  But they're they're getting there.
• 28:10
  They're getting there. The total percentage of Bitcoin
• 28:12
  that will ever be issued is currently at 94.51%, roughly
• 28:16
  about 19.84 million Bitcoin in circulation.
• 28:20
  And of course, the realized monitor inflation taking Fiat
• 28:23
  currencies. The school is currently at .87%.
• 28:26
  When we started covering this, we were at 3.9 something percent
• 28:30
  crazy. Just crazy stuff going on and no
• 28:33
  one understands what's actually happening.
• 28:35
  All right, so as I told you, there was a great interview by
• 28:37
  Tucker Carlson with Scott Besson.
• 28:40
  Of course, you know, you Secretary of Treasury for the
• 28:43
  US, highly recommend you watch the whole thing.
• 28:46
  He, he did an incredible job, extremely intelligent, but this
• 28:50
  clip made its round down on, on Twitter.
• 28:54
  And of course, I think this is the clip that we should be
• 28:56
  sharing more to our friends and family because I, I didn't even
• 28:59
  know these numbers were, were what they were.
• 29:02
  It's absolutely insane when you understand what Scott Beston is
• 29:05
  saying and, and in relation to the wealth disparity, it's
• 29:09
  really, it's really insane what's going on with these
• 29:12
  numbers. And then This is why a lot of
• 29:14
  people have been saying that what Trump's doing basically
• 29:16
  nuke in the stock market. He doesn't really care because
• 29:19
  many of the people that voted for him probably aren't in the
• 29:22
  stock market. And Scott Besson lays this out
• 29:25
  perfectly. So let's watch this and then we
• 29:27
  will chat about it. The distribution of equities
• 29:31
  across households. The top 10% of Americans own 88%
• 29:36
  of equities, 88% of the stock market.
• 29:40
  The next 40% owns 12% of the stock market.
• 29:44
  The bottom 50 has debt, they have credit card bills, they
• 29:49
  rent their homes, they have auto loans and we've got to give them
• 29:54
  some relief that I I was struck by the statistic from last year.
• 29:59
  That's the message right there. Just as a bystander, I'm like,
• 30:01
  wow. OK, All right.
• 30:02
  Or that I, I, I like the examples.
• 30:07
  And I was really struck by two different statistics last year.
• 30:11
  Summer of 2024, Americans took more European vacations than
• 30:17
  they had in history. Summer of 2024, more Americans
• 30:21
  were using food banks than they ever have in history.
• 30:25
  I went into two food banks that near my hometown to ask what's
• 30:31
  the story? And they said, you know, it
• 30:34
  really takes for a lot of people, it's a loss of dignity
• 30:38
  to walk in a food bank course. And but they were seeing
• 30:42
  something, a new phenomenon that it wasn't their traditional
• 30:45
  clientele, wasn't people who'd lost their homes.
• 30:48
  It wasn't wasn't people out on the street.
• 30:50
  These were working families who could no longer, you know, $100
• 30:55
  at the grocery store, that basket of groceries every week.
• 31:00
  They were missing 567 things. And they were coming to the food
• 31:03
  bank to top up. So, you know, that's not a great
• 31:06
  America. Absolutely insane guys, This is
• 31:13
  why we push Bitcoin so hard. This is why we say that Bitcoin
• 31:17
  is for anyone that Bitcoin is the people's money.
• 31:20
  As you heard there 50% of the population in the United States
• 31:24
  is in debt doesn't own the stock market.
• 31:27
  They are obviously feeling the pain right now in in regards to
• 31:32
  inflation. We all know the root cause of
• 31:33
  inflation 2020 they printed an obscene amounts of money and of
• 31:37
  course we all know that there's a lot of rumors going on that
• 31:40
  quantitative easing or essentially money printer going
• 31:43
  Burr is going to come back on the table, which means that
• 31:45
  bottom 50% of the population is going to get hurt even more.
• 31:49
  Now it's interesting when you kind of put these numbers out,
• 31:52
  what, what was it top 10% of 80% of the stock market, the bottom
• 31:55
  40% owned the last 20%. And then the rest of the
• 32:00
  population, the United States has nothing.
• 32:03
  We could be, we could be somewhat favorable or less
• 32:05
  cynical and say that they're they're, they're saving in cash,
• 32:08
  but we all know the deal with cash.
• 32:10
  You are by design losing 2% of your purchasing power per year.
• 32:14
  So This is why we are bitcoiners.
• 32:16
  This is why the 21 million hard cap is so important because you
• 32:20
  can store your savings in something that cannot be debased
• 32:23
  or if you don't understand how the markets work, how
• 32:27
  financialization works and you are absolutely getting
• 32:30
  decimated. And and you know, as much as we
• 32:34
  are leaning a little more right lately, you do see and you can't
• 32:38
  understand why the left and the progressives are so big on this
• 32:42
  idea of the wealth disparity. There is a wealth disparity
• 32:45
  problem going on in the world. The majority of people own
• 32:48
  nothing. And This is why we always say
• 32:49
  the best thing for you guys to own is Bitcoin.
• 32:52
  Store your wealth in Bitcoin, store it long term in Bitcoin.
• 32:54
  Make sure you custody that Bitcoin, you take it off the
• 32:57
  exchanges. This is how you succeed in this
• 33:00
  new paradigm that we are entering or rather have already
• 33:03
  entered or as many people are saying, this is how you thrive
• 33:06
  through the 4th turning. It is happening.
• 33:08
  And it's very interesting that we're seeing, you know, Treasury
• 33:11
  Secretary Scott Besson essentially Telegraph a lot of
• 33:14
  the stuff that's going on right now.
• 33:16
  And if you compare that to what Janet Yellen was doing, it's a
• 33:19
  it's a totally different view going on right now.
• 33:22
  So love or hate the Trump administration, they have been
• 33:25
  very pro Bitcoin for us. I think we're going to continue
• 33:28
  to see this and the fact that we have Scott Besson, Treasury
• 33:31
  Secretary, saying, hey, Bitcoin is a new store of value.
• 33:34
  And also, hey, guys, like most people are poor and you're
• 33:37
  getting wrecked and you're in debt.
• 33:39
  I think we are entering a new time.
• 33:41
  And This is why I think it's very important for you guys to
• 33:43
  spread that message to people. Hey, if you aren't, what part of
• 33:47
  the top 10% you are being left behind and the only way to
• 33:51
  achieve the American dream in the modern world, in the modern
• 33:55
  times we live in, in the Internet age that you live in is
• 33:57
  you have to hold some Bitcoin. Doesn't matter how much you
• 34:01
  hold, you just have to get off 0.
• 34:03
  Now I know at this point you guys are probably a broken
• 34:05
  record to your friends and family, but you need to continue
• 34:08
  to stress this idea, find new ways to get them excited about
• 34:12
  what's going on. I don't think it's as much doom
• 34:14
  and gloom as we all think it is, or rather see in the legacy
• 34:18
  media. I think I think we might be
• 34:19
  entering the bright orange future we talk about constantly
• 34:23
  on Simply Bitcoin. So I'm going to pass it over to
• 34:25
  Craig. Craig, what's your thoughts on
• 34:27
  seeing Scott Besson lay out these numbers?
• 34:30
  And of course, you can kind of reel it into their more pro
• 34:33
  Bitcoin stance recently. I thought the stats were
• 34:38
  fascinating and actually my family did took a European
• 34:41
  vacation last year. So I thought that was especially
• 34:44
  drove the point home a little bit.
• 34:46
  Usually what I tell my friends who know that I'm into Bitcoin
• 34:49
  and they're finally curious about like taking the plunge is
• 34:52
  I tell them that they should set up ADCA with, with someone where
• 34:57
  and, and the amount that it doesn't, you don't notice it
• 35:00
  leaving your bank account. So I usually equate it to like a
• 35:02
  Spotify or Netflix subscription. You don't notice that leaving
• 35:05
  your bank account, but that number is different for
• 35:08
  everybody. So maybe it's 20 bucks a week,
• 35:10
  maybe it's 20 bucks a month, maybe it's 10 bucks a month, but
• 35:13
  whatever it is, get off 0. And then that way you're kind of
• 35:16
  forced, you got skin in the game.
• 35:18
  You're forced to focus at least a little bit on what's happening
• 35:21
  in the Bitcoin space. And I've seen some really
• 35:25
  interesting comments about people controlling Bitcoin.
• 35:28
  Clearly you haven't done the research because when you self
• 35:32
  custody your Bitcoin, you have complete control over it.
• 35:35
  Bitcoin censorship resistant. You can send your money
• 35:39
  elsewhere if there's capital controls in your country, If
• 35:42
  there are tariffs, which there aren't on Bitcoin, you can send
• 35:45
  that money anywhere in the world.
• 35:46
  You can take that money with you anywhere in the world and access
• 35:49
  it. So to me, that actually does fit
• 35:51
  in a lot with the talking points on the left, with the values of
• 35:55
  people on the left. You have progressive ideals of
• 35:58
  lifting people up. I used to be a teacher.
• 36:01
  I did not make a lot of money, but I started saving a Bitcoin
• 36:04
  and with that I did not get poor slowly.
• 36:06
  I didn't get rich quick, but over as high time with saving, I
• 36:09
  was able to pick the plunge, jump into a completely new
• 36:13
  career, which is in Bitcoin because I feel so strongly about
• 36:16
  it. But that financial freedom that
• 36:19
  I had just from having a savings that wasn't debased cannot be
• 36:23
  comparable. There's nothing that compares to
• 36:24
  that. You won't get that with stocks.
• 36:26
  Even if Bitcoin behaves currently like a risk asset
• 36:29
  behaves like stocks, you don't have that same financial freedom
• 36:33
  that you do when you hold Bitcoin.
• 36:35
  And so for me, I just would recommend anybody DCA, don't buy
• 36:39
  a giant chunk, just buy 10 bucks a week, 10 bucks a month even,
• 36:43
  but just get off 0. And then that way you don't have
• 36:46
  to be phased by these big market changes.
• 36:50
  Yeah, couldn't, couldn't agree more, Craig.
• 36:51
  And, and I think you said something very interesting and,
• 36:54
  and this kind of a, a trend that we were seeing pop up on Bitcoin
• 36:57
  Twitter is this idea that Bitcoin is bipartisan.
• 37:00
  It's not just for the right, you know, it doesn't exclude the
• 37:03
  left. It is the people's money.
• 37:05
  And I, I find it very interesting that Scott Besson is
• 37:09
  coming out here, especially when you see a lot of the, the
• 37:12
  progressives on the left saying like, oh, the Trump
• 37:14
  administration's for the oligarchs, it's for the
• 37:16
  billionaires. I mean, I'm seeing a lot of
• 37:19
  empathy come out of Scott Besson in regards to the working class.
• 37:22
  So working class people, you know, what is going on with
• 37:25
  them? And I, I do find it very
• 37:27
  interesting that it's not just rhetoric.
• 37:29
  I know what we're seeing right now with the stock market.
• 37:30
  People are like, oh, he's making everyone poorer.
• 37:33
  But if you go into the numbers, like most people don't own the
• 37:35
  stock market. And I think what we're seeing is
• 37:38
  essentially, at least in the US and maybe in global markets at
• 37:41
  large, we're seeing that we're finally getting that hangover.
• 37:44
  And you know, like you have to go through the pain before you
• 37:48
  can reset and actually build on top of something solid.
• 37:51
  And we've been in a, you know, the a very, very high time in
• 37:55
  finance. You know, it's been a free
• 37:57
  market system for our sorry free money system for a long time.
• 38:01
  And now we're seeing maybe we are getting the much needed
• 38:05
  economic reset. So I, I find it very interesting
• 38:08
  that it's kind of hard to look at what Scott Besson's been
• 38:10
  saying and be like, oh, they don't care about people.
• 38:13
  I think maybe, and I hate to be the trust of plan 5D chess guy,
• 38:17
  but it, it does seem like they are doing what is needed to do
• 38:21
  to reset the economy so that the working class people, the bottom
• 38:24
  50% don't get left behind like it's been doing historically.
• 38:28
  So I, I, I totally agree with you on that front.
• 38:30
  Now, Luke, what's your thoughts on here?
• 38:33
  Scott Besson, I know you're not an American here, but you know,
• 38:36
  as a more neutral global macro bitcoiner guy, what's your
• 38:39
  thoughts here in that clip? Yeah, I mean, everybody's coming
• 38:44
  to the realization that Bitcoin is the solution to the biggest
• 38:48
  problem in the world. Like we're living through the
• 38:50
  final Fiat fleecing. This is, I believe, our
• 38:55
  overlord's very last chance to fleece the population with a
• 39:00
  Fiat transition. I think once this global Fiat
• 39:03
  experiment blows up, there is no more fleecings that can be had
• 39:07
  by the overlords, the kings, the emperors, the elites, the
• 39:10
  governments, the central bankers.
• 39:12
  I think for the first time in 7000 years, we're transitioning
• 39:15
  to a monetary system where there shall be no fleece sins.
• 39:19
  You cannot strip well from the lower and the middle class.
• 39:22
  And I just think that now we have the Treasury Secretary
• 39:26
  calling Bitcoin digital gold and making some other very
• 39:29
  interesting statements. I think it's just another signal
• 39:32
  that we are very close to a once in a species transition
• 39:36
  happening and occurring. And it looks as if the largest
• 39:39
  nation state in the world is really setting themselves up to,
• 39:43
  you know, in the words, the word is Donald Trump, as he says,
• 39:46
  become the Bitcoin superpower of the world.
• 39:49
  And I think America is going to, you know, drive this transition.
• 39:52
  I think they're accelerating this transition from Fiat to
• 39:55
  Bitcoin. And I think every time the
• 39:58
  Treasury Secretary says what he just did say about Bitcoin, I
• 40:01
  think it's just another signal that we are getting closer and
• 40:03
  closer to the event horizon. And I think not enough people
• 40:08
  are really paying attention to just how much the news has
• 40:11
  changed in the past two years. If you had to ask me, let's say
• 40:14
  three years ago, that we'd have, you know, the 45th and the 47th
• 40:19
  president of America. Saying, yeah, you know what,
• 40:22
  we're going to create a strategic Bitcoin reserve.
• 40:24
  We're going to stand up a sovereign wealth fund, and we
• 40:27
  want to be the Bitcoin superpower of the world.
• 40:30
  We want every Bitcoin to be mined, made and minted in
• 40:34
  America. That's the words of the bloody
• 40:36
  president of America. If you had to tell me 3 years
• 40:38
  ago that's what we'd be hearing in early 2025, I would have
• 40:41
  called you nuts. And if you had to ask me for a
• 40:43
  price prediction of what the price would be under these
• 40:46
  circumstances, I'd say we'd be in the millions of dollars per
• 40:50
  coin. So again, this, this is your
• 40:51
  opportunity at home, Bitcoins at what 7580 thousand dollars right
• 40:57
  now? I think now is an incredible
• 40:58
  buying opportunity and I don't think we have that much time
• 41:01
  left before we do really reach this event horizon.
• 41:05
  And Bitcoin does things that I believe is going to melt the
• 41:08
  faces of even the most hardened Bitcoin.
• 41:10
  Let's go. All right.
• 41:11
  I, I, I endorse this. I, I like when Luke comes on and
• 41:15
  we get, you know, some sprinkle of hopium in all the doomsday
• 41:18
  preparation that we're seeing. All right, guys, we still are
• 41:22
  halfway through the show. We got to jam packed rest of the
• 41:24
  show, but I got to move up the likes here guys, we let's get
• 41:27
  the 200 likes before the show ends.
• 41:30
  Make sure you help us push this content out to the rest of
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  Check out leaden dot IO today. Boys and girls, girls and boys,
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  we are back. OK, let me pull this up.
• 44:13
  So first of all, guys, hold your tomatoes here.
• 44:15
  I know, I know you guys are going to be throwing some
• 44:17
  tomatoes real quick, but this is an interesting development.
• 44:20
  OK, so here we go. We have this news coming across
• 44:24
  our desk this morning that Pakistan appointed Binance
• 44:27
  vendor CZ as their strategic quote UN quote crypto advisor.
• 44:32
  Of course we said comment your thoughts below because you know
• 44:35
  what the Bitcoin maxes are going to say, but we are seeing that,
• 44:38
  hey, love it or not, love or hate the man, you know, be pro
• 44:42
  orange man, anti orange man. You cannot deny that the impact
• 44:47
  he's had on the global conversation around Bitcoin has
• 44:51
  made an impact. Of course, since we came out in
• 44:54
  the US and said we're going to have a strategic Bitcoin
• 44:56
  reserve, there is waves all around the world that people are
• 44:59
  looking into this. We're hearing rumors of the
• 45:01
  Czech Republic. Of course, we're hearing rumors
• 45:03
  from China that they're going to flip their stance on it.
• 45:06
  And and you're starting to see more and more people start to
• 45:09
  announce what we all know is going down.
• 45:12
  The global game theory is playing out.
• 45:13
  So I do have a little article here to kind of explain what
• 45:16
  this quote UN quote crypto Council strategic advisor means.
• 45:20
  And of course, you know, CZ head of finance, the the biggest shit
• 45:23
  coin casino in the world. But you know, I'd argue he is
• 45:26
  actually a bitcoiner. Maybe publicly he's the biggest
• 45:30
  shit coiner, but privately we honor the game.
• 45:32
  They want your Bitcoin. So we go.
• 45:34
  Pakistan is stepping into a new era of digital finance with a
• 45:37
  major announcement. CZ, the founder of finance, has
• 45:39
  officially joined the Pakistan Crypto Council, the PCC as a
• 45:43
  strategic advisor. His expertise will shape
• 45:45
  Pakistan's crypto future, guiding the country and creating
• 45:48
  strong regulations, improving digital infrastructure and
• 45:51
  increasing growth blockchain adoption.
• 45:55
  Of course, it's, you know, showing that the Pakistan strong
• 45:58
  interest in gross Web 3 and its goal to grow in crypto.
• 46:02
  Now. This came after CZ visited
• 46:04
  Pakistan where he met with top government officials including
• 46:07
  the finance Minister, Senator Muhammad Arang Zeb Apologies,
• 46:11
  the chairman of the Securities and Exchange Commission of
• 46:13
  Pakistan and the governor of the State Bank of Pakistan.
• 46:16
  CZ also held a private meeting with the Prime Minister and
• 46:19
  Deputy Prime Minister showing the government strong interest
• 46:22
  in crypto or you know, Bitcoin. And during the meeting, Finance
• 46:25
  Minister Aaron Zeb stated that Pakistan is ready to adopt
• 46:29
  digital finance and blockchain. It's a lot of buzzwords.
• 46:32
  We're seeing a lot of buzzwords here.
• 46:34
  But anyways, the strategic advisor, CZ will focus on
• 46:37
  helping the government develop clear and compliant crypto
• 46:40
  policies, assisting in building a strong digital finance
• 46:43
  network, and promoting gross blockchain knowledge to increase
• 46:46
  adoption and innovation. Hey, they can't all be perfect.
• 46:49
  But we know the game theory is playing out now.
• 46:51
  Of course, going back to bitcointreasuries.com, you can
• 46:55
  see who's still leading the race.
• 46:56
  Obviously, it's still the US, though we were supposed to and
• 47:00
  maybe we'll see something else later today in the 1st 100 days.
• 47:04
  Remember, in the executive order of the Strategic Bitcoin
• 47:06
  Reserve, Trump denounced that we will get an audit of EU s s
• 47:10
  holding. So maybe by the end of the day
• 47:12
  we'll see this and maybe something will come out later
• 47:15
  this week. But this weekend was the
• 47:17
  deadline. I believe it was the 5th.
• 47:19
  That was the deadline. Maybe it was the 6th.
• 47:20
  That was the deadline for that audit of EU s s Bitcoin
• 47:24
  holdings. But of course, as of now, on
• 47:26
  paper at least, the US is still leading the Strategic Bitcoin
• 47:30
  Reserve race here. They hold the most Bitcoin,
• 47:33
  closely followed by China. And then everyone just drops off
• 47:36
  after that, UK, Ukraine, Butano, Salvador, Finland, Georgia,
• 47:39
  Germany. So it seems like Pakistan is
• 47:42
  also trying to, you know, get into this race again, whether
• 47:45
  you love the man or not, you, you can't deny that ever since
• 47:49
  Trump came out as pro Bitcoin, announcing A strategic Bitcoin
• 47:52
  reserve, it's making the waves everywhere.
• 47:54
  Now people have to very seriously take Bitcoin into
• 47:57
  consideration. It's no, it's no matter, no more
• 48:00
  just, you know, very easily just skirt off the table and say, oh,
• 48:03
  you know, like, I don't care about that Ponzi this and
• 48:06
  Internet nerd money. It's a very real strategic asset
• 48:10
  here. Obviously, as we cover here
• 48:11
  constantly, it's the best performing asset the last 15
• 48:14
  years. It's permissionless, censorship
• 48:16
  resistant, hard capped at 21 million.
• 48:18
  All of these things are why we constantly say that every
• 48:22
  country, every individual, every corporation will have to at the
• 48:27
  very least, consider a Bitcoin strategy.
• 48:30
  And now we're saying that it's happening.
• 48:31
  Yes, it's happening slower. Yes, it's happening in the face
• 48:34
  of a lot of economic uncertainty.
• 48:35
  But these conversations are happening, and I think they're
• 48:38
  only going to accelerate. So, Luke, you've been on this
• 48:41
  beat for a while, so I'm going to pass it off to you first.
• 48:43
  What's your thoughts of Pakistan announcing CZ as its strategic
• 48:47
  crypto? Is this big news?
• 48:49
  Is this a nothing burger? What's your thoughts on this?
• 48:53
  So I think maybe Pakistan is copying another country in that
• 48:58
  kind of Asian region. So a lot of people didn't pay
• 49:02
  attention to this announcement. But Metaplanets, the best
• 49:05
  performing stock in all of Asia for 2024.
• 49:09
  Obviously the company with a Bitcoin treasury strategy, they
• 49:12
  recently appointed Eric Trump as like a strategic advisor to
• 49:16
  their board. So I think that's really
• 49:18
  interesting and that's really fascinating.
• 49:20
  Maybe other nation states are watching what's happening in the
• 49:24
  public corporation domain when it comes to strategic Bitcoin
• 49:27
  reserves and treasuries. And maybe they're saying, look,
• 49:30
  we need a global strategy. I'm really not surprised about
• 49:33
  Pakistan that obviously had an inflation crisis for a long time
• 49:36
  now. Pakistan has some of the highest
• 49:39
  levels of us. What's it called?
• 49:41
  Tether adoption? I nearly forgot Tethers name
• 49:44
  there for a moment. So like behind Argentina and
• 49:47
  Turkey, Pakistan is one of the countries with the highest
• 49:50
  amounts of, you know, U.S. dollar stablecoin adoption.
• 49:54
  So again, this is old news. This has been news for the past
• 49:57
  two to three years. So I think again, like what
• 50:00
  happened in El Salvador, bottoms up, grassroots adoption spurs
• 50:06
  changes at the higher levels. A lot of people forget that
• 50:10
  there was a Bitcoin beach project started in El Salvador
• 50:13
  in like 2019. This was two years before Mr.
• 50:17
  Buchaley mentioned the words, you know, Bitcoin legal tender,
• 50:22
  OK. I believe, I do believe that
• 50:24
  nations will be forced to adopt Bitcoin and a lot of this
• 50:28
  adoption will be forced from grassroots adoption.
• 50:31
  So I'm not surprised about what is happening in Pakistan.
• 50:35
  I do think that Pakistan is like a big country.
• 50:38
  They have hundreds of millions of people.
• 50:41
  I don't know the exact figure, but they're a lot bigger than a
• 50:44
  country like El Salvador with 6 million people or the Czech
• 50:47
  Republic with an 11,000,000 in person population.
• 50:51
  Pakistan does have hundreds of millions of people within their
• 50:55
  borders. So I think if the nation state
• 50:58
  is recognizing that they need some sort of a Bitcoin slash
• 51:03
  digital assets strategy, I think that's more of a pro than a con.
• 51:08
  Again, CZ, yes, he's a billionaire, but we all know CZ
• 51:13
  is a poo coiner. I'm going to be very careful of
• 51:15
  what I we all know that. So again, there could be better
• 51:19
  people to be appointed as the, you know, as the helper, so to
• 51:24
  say. And I think a lot of people said
• 51:27
  the same thing about Donald Trump appointing David Sacks.
• 51:30
  They was skeptical. They was saying hang on a
• 51:32
  minute, this guy you see a hardcore Bitcoin maxi.
• 51:35
  A lot of people were skeptical, myself included, but so far
• 51:38
  David Sachs has pulled through despite him not being a hardcore
• 51:43
  Bitcoin maximus in the past. Hopefully CZ can do a similar
• 51:47
  thing in Pakistan. Yeah, actually that's a great
• 51:50
  take, Luke, because I I was definitely very critical of
• 51:53
  David Sachs as the cryptos are. But as we saw with, with the
• 51:58
  different recent announcements around the strategic Bitcoin
• 52:00
  reserve and the sovereign wealth fund, he was actually very
• 52:03
  favorable and I would say very positive for the Bitcoin space.
• 52:06
  And you know, I, I'd had to take that humble pie when I, when I
• 52:08
  was reading it, I was like, you know, David Sachs, he's very
• 52:12
  involved in Solana. He sold all his holdings and
• 52:14
  then he came and then he delivered with like a very pro
• 52:17
  Bitcoin strategic reserve. And so, yeah, maybe you're right
• 52:21
  on that one. As much as we can give CZ crap
• 52:23
  for being a part of Binance, we have some people that like CZ
• 52:26
  did nothing wrong. A lot of us are like, it's a
• 52:28
  shit coin casino. At least if if he just framed it
• 52:30
  as a shit coin casino, we'd be we'd be OK with it.
• 52:33
  But yeah, maybe, maybe it will be a very favorable outcome for
• 52:36
  the Pakistani people here in regards to a pro Bitcoin
• 52:40
  strategic reserve versus, you know, some kind of shit coin fun
• 52:43
  thing going on here. Anyways, Craig, what's your
• 52:46
  thoughts on CZ leading the crypto strategic reserve in
• 52:50
  Pakistan? Or maybe just a general thoughts
• 52:52
  on Trump and the dominoes of global Bitcoin adoption and
• 52:57
  strategic Bitcoin reserves? Yeah, I think I'm going to take
• 53:01
  it a little bit different direction to start, which is
• 53:03
  that with all of these nation states starting to talk about
• 53:08
  Bitcoin, pointing advisors, trying to figure out how the
• 53:12
  game theory behind adopting Bitcoin.
• 53:15
  I think that for me, Bitcoin is cyberpunk money.
• 53:18
  It is the people's money. It is money that we have a an
• 53:22
  opportunity, a once in a lifetime opportunity for freedom
• 53:29
  and privacy. And right now the developments
• 53:32
  around Bitcoin, there's a lot happening and the focus is
• 53:36
  mostly on nation states adopting it.
• 53:38
  So I just think that that's an important thing to remember and
• 53:41
  to learn about and to just especially when the price is
• 53:45
  dumping to look into because when the price is dumping, the
• 53:49
  focus on the builders see what's happening in the space because
• 53:52
  there is a lot of development happening when it comes to
• 53:56
  nation states adopting Bitcoin. I think once the people have
• 54:00
  realized that this is the people's money, we've started to
• 54:03
  see corporations catch on as well.
• 54:06
  So that started with micro strategy.
• 54:08
  Now we've got Metaplanet. And I think if I recall
• 54:11
  correctly, Metaplanet was actually the best performing
• 54:14
  stock in the world last year, not just in Asia.
• 54:16
  So I might be misremembering that.
• 54:18
  Yeah, that's what happened. Yeah.
• 54:20
  So now we started to see Hong Kong Holdings, which is a
• 54:25
  public, publicly traded company in Hong Kong, also adopt the
• 54:29
  Bitcoin treasury strategy. There's numerous ones in the
• 54:32
  States. There's, I think it's called the
• 54:35
  Blockchain Group out of out of England or France maybe.
• 54:40
  And also now we've seen Jet King, which is a very small
• 54:45
  comparative to a very small company comparative to
• 54:48
  MicroStrategy and Metaplanet. But this is the first company
• 54:52
  out of India to adopt this Bitcoin treasury strategy.
• 54:55
  So then we are seeing all these companies catching on.
• 54:58
  And the next logical step is for nation states to be catching on.
• 55:01
  So with Trump, love them talking about Bitcoin, opening the
• 55:07
  Pandora's box of nation state game theory here, saying that it
• 55:12
  probably makes sense for the US to catch on earlier than other
• 55:15
  countries. All of these other countries
• 55:17
  realize that they have to catch up.
• 55:19
  They have to do their due diligence to see about what this
• 55:22
  asset is like. They have to learn about it and
• 55:25
  put in the work because we're in a different stage than we were
• 55:28
  when gold was the primary settlement asset.
• 55:32
  The dollar has been the primary settlement asset, the world
• 55:35
  reserve currency. We might be seeing that change
• 55:38
  actively starting a couple like last week.
• 55:42
  So with Bitcoin being the next logical currency that can settle
• 55:46
  in 10 minutes anywhere in the world, that's neutral, that's
• 55:49
  not controlled by anyone government, I think that it
• 55:52
  makes perfect sense for all these nations to be catching on
• 55:55
  and thinking, oh gosh, we better, we better appoint some
• 55:58
  advisors here. CZ also love them or hate them,
• 56:02
  he runs the most used exchange everywhere in the world.
• 56:06
  So finance is massive. Users in other countries might
• 56:10
  not be as maximalists as a lot of the Bitcoiners are in the
• 56:15
  states. They're going to have to touch
• 56:17
  the stove to learn the hard way if their nation state adopts a
• 56:20
  Solana reserve. I think going back to David
• 56:23
  Sacks, you know, similarly he also has pushed Solana on his
• 56:28
  podcast, but in a show of great ethics has sold all of his
• 56:32
  positions in Bitcoin, Solana, whatever other cryptos he had,
• 56:37
  he sold them. So I think that at least now he
• 56:40
  has a less biased, if not unbiased view of this industry.
• 56:44
  And I would be incredibly surprised if at the end of the
• 56:48
  assessment period where they're determining which assets make
• 56:51
  sense for the strategic Bitcoin Reserve or strategic digital
• 56:55
  asset Reserve, if they end up saying more than just Bitcoin
• 56:59
  makes sense. I think they're going to do
• 57:01
  their due diligence and come to the conclusion that Bitcoin
• 57:03
  makes sense and that's it. And I hope for Pakistan's sake
• 57:07
  that they come to that same conclusion and don't adopt BNB
• 57:11
  just because their advisor is the founder of that chain.
• 57:15
  Love it great take great balanced take all right guys, I
• 57:18
  got AI got a couple minutes here because this is just funny and
• 57:21
  and then we'll get into the culture to wrap up the show but
• 57:23
  I I let me just let me just read this headline for you I'm not
• 57:26
  even going to dive too deep into this so we just got some new fud
• 57:29
  coming out of CNBC and I I find it hilarious.
• 57:31
  I want to throw this in the news real quick.
• 57:33
  So here we go an article from CNBC and it's under the cyber
• 57:36
  report and it's called for Bitcoin bulls who self custody
• 57:40
  crypto. The global risks are growing.
• 57:42
  Oh no, the FUD is out guys. It's and crazy, and this is the
• 57:46
  only point I want to cover here because it's just it's actually
• 57:49
  kind of hilarious. So some cryptocurrency investors
• 57:51
  prefer to custody their own digital assets like Bitcoin with
• 57:54
  private key stored on hardware wallets in cold storage versus
• 57:57
  using crypto brokerage firm hot wallets and other third party
• 58:00
  digital custody options. Wars and extreme weather.
• 58:04
  You heard that right. Wars and extreme weathers
• 58:06
  weather examples in recent years from Israel to California show
• 58:09
  that keeping crypto in the personal version of a bank vault
• 58:12
  has its own set of unique and evolving risks.
• 58:15
  Guys I I just wanted to bring this up.
• 58:17
  I don't know if we want to chat about this, but I just find it
• 58:19
  easy. Guys, don't custody your Bitcoin
• 58:22
  because Chex notes the weather. Do not self custody your Bitcoin
• 58:26
  because of the weather. You, you, you should probably
• 58:28
  just trust the the firms, you know that have blown up
• 58:31
  everything in the world and in a metaphorical sense in the
• 58:34
  markets and since forever 2008. What maybe what we're seeing now
• 58:39
  2020. Trust those firms.
• 58:41
  Guys, do not read the white paper and eliminate the need for
• 58:45
  middleman third, third custody solutions.
• 58:48
  Don't custody your Bitcoin because of the weather.
• 58:50
  I, I, I just wanted to sneak that one in there.
• 58:52
  So I don't know if you guys want to chat on this real quick.
• 58:56
  We, we seem like they're running out of FUD lines.
• 58:58
  They're at the bottom of the barrel of FUD.
• 59:01
  And now we got don't custody your Bitcoin because of the
• 59:03
  weather. This is how much we're winning.
• 59:06
  It's just it's hilarious and we probably don't even need to chat
• 59:09
  too much about this. I just wanted to sneak that one
• 59:11
  in there. But Craig Luke, thoughts on
• 59:12
  this? Yeah, I'll say something real
• 59:14
  quick. So I run the programming for the
• 59:18
  Bitcoin conference and our events are all over the world,
• 59:22
  including in Amsterdam. And about two weeks before our
• 59:26
  Amsterdam event, my town was really severely impacted by
• 59:30
  Hurricane Helene. And I saw some, I know many
• 59:33
  people who lost everything, but I saw some crazy videos of like
• 59:36
  a house being like washed away by a rising river.
• 59:39
  And if you had single sig seed storage and you only have the
• 59:44
  copy at your house, then you definitely would have lost all
• 59:47
  your Bitcoin. So that is one point.
• 59:50
  But there are multi signature solutions, there are
• 59:55
  collaborative custody solutions which use multi sig to help
• 59:58
  prevent any single point of failure.
• 1:00:00
  So that's the only thing I'll say about that.
• 1:00:01
  But it is definitely. Pretty hilarious of the framing
• 1:00:04
  of that article. Yeah, 100% And it's not like
• 1:00:07
  Bitcoiners don't say this constantly.
• 1:00:09
  It's like there's trade-offs of everything, guys.
• 1:00:11
  You know, there's no one 800 number to call to be like oops,
• 1:00:15
  I lost my Bitcoin. You know, if you are becoming
• 1:00:18
  your own bank, then of course you also have to consider the
• 1:00:22
  security of your own money. There is no one to call if you
• 1:00:26
  mess up. This is what we constantly say
• 1:00:28
  about Bitcoin. With number go up comes
• 1:00:30
  responsibility go up. And with responsibility go up,
• 1:00:33
  up comes freedom go up. It's all like it's, it's not
• 1:00:36
  like we haven't been saying this forever in regards to Bitcoin.
• 1:00:39
  So couldn't agree more, Craig. But Luke, do you want to chime
• 1:00:41
  in before we get into the culture?
• 1:00:43
  What's your thoughts on here in this headline?
• 1:00:46
  Yeah, so I mean, I love the website Bitcoin obituaries.
• 1:00:50
  I think the mainstream media has pronounced Bitcoin is dead 500
• 1:00:55
  Times Now. And now the narrative has
• 1:00:57
  completely shifted to OK, Bitcoin's cool.
• 1:01:00
  Bitcoin's worst self custody in Bitcoin is digital gold.
• 1:01:04
  But just be careful holding your own coins because of the bad
• 1:01:08
  weather. Trust BlackRock, trust another
• 1:01:11
  ETF or trust us, Daddy, Uncle Sam, the government, we will
• 1:01:15
  hold your Bitcoin secure purely. I think this is how the
• 1:01:18
  narrative is kind of shifting. And even in the EU, like you
• 1:01:21
  say, Opti, we can really see they are kind of scraping the
• 1:01:25
  bottom of the barrel because in the EU the narrative has now
• 1:01:28
  shifted. I believe it was on Christmas
• 1:01:30
  Eve, the European Central Bank published a report where they
• 1:01:34
  said, OK, Bitcoin is probably going to go to $10 million a
• 1:01:38
  coin. Yes, we believe in Bitcoin, but
• 1:01:41
  it's going to create societal impoverishment because the older
• 1:01:45
  holders who have been holding Bitcoin for longer are
• 1:01:47
  impoverishing the new adopters. So the ECB tried to create this
• 1:01:52
  framing of anyone who wanting to adopt Bitcoin, don't do it
• 1:01:56
  because you're, you're impoverishing yourself by
• 1:01:59
  adopting Bitcoin, OK, you are impoverishing yourself and
• 1:02:02
  enriching the early Bitcoin holders.
• 1:02:04
  I think right now we're just kind of we're getting to the the
• 1:02:07
  point in the story. Yeah, they really are.
• 1:02:10
  Like to your point of the really scraping the bottom of the
• 1:02:13
  barrel to create this Bitcoin? Yeah, it's, it's, it's
• 1:02:16
  absolutely hilarious. I I just want to bring up it,
• 1:02:18
  you know, but bring a little humor to the show and just laugh
• 1:02:22
  at the corporate press because it's not like we haven't been
• 1:02:24
  saying this forever in Bitcoin Twitter and on simply Bitcoin.
• 1:02:28
  But hey guys, don't custody your Bitcoin because of the weather.
• 1:02:33
  This is where we are in the story.
• 1:02:35
  It's because bitcoins winning somewhat.
• 1:02:36
  Everyone's talking about a Bitcoin strategic reserve.
• 1:02:38
  Everyone, every corporation is probably having these meetings
• 1:02:41
  about a strategic Bitcoin holding.
• 1:02:45
  And we have CNBC coming out and saying, Hey, don't custody your
• 1:02:49
  Bitcoin because of the weather. This is where we are.
• 1:02:52
  They're they're really not bringing their best anymore.
• 1:02:55
  Fun used to be like actually fun and scary.
• 1:02:58
  You used to be like, oh, wow, this actually, this actually
• 1:03:00
  makes me reconsider my Bitcoin strategy.
• 1:03:02
  And now you're like the weather, bro.
• 1:03:04
  Like, I get it. You know, we, when we saw the
• 1:03:06
  fires in the, in California, we, we brought on James from
• 1:03:09
  Stampsea to talk about how you could have protected your
• 1:03:11
  Bitcoin. We constantly are thinking and
• 1:03:14
  keeping our head on the swivel of what's the best way to
• 1:03:16
  protect your Bitcoin? And yet this is, this is where
• 1:03:19
  we are on the story. So I don't know guys, maybe we
• 1:03:21
  are, we are winning a lot harder than we think we are.
• 1:03:24
  On that note, guys, we're going to get into the culture.
• 1:03:26
  We're going to talk about Bitcoin conference Las Vegas
• 1:03:29
  2025. It is coming up.
• 1:03:31
  You guys want to get there. A lot of interesting stuff
• 1:03:33
  happening. So we got Craig programming the
• 1:03:36
  conference with us today. We'll chat about that right
• 1:03:38
  after the break. I want to give a shout out to
• 1:03:42
  our partner Hive Digital Technologies.
• 1:03:45
  As the first ever public miner, Hive's position to quadruple
• 1:03:50
  their global footprint in 2025 and as the first with an AI
• 1:03:56
  strategy, Hive continues to make moves in sustainable high
• 1:04:00
  performance computing. They consistently topped the
• 1:04:03
  industry in Bitcoin mine per Exahash and now they're
• 1:04:08
  headquartered in the USA. They're leaning me, they're
• 1:04:11
  green and clean, and they're changing the game.
• 1:04:15
  You can catch the latest buzz by following them at Hive Digital
• 1:04:18
  Tech or check out their website at Hive digitaltech.com.
• 1:04:34
  I want to give a shout out to our partner, Coin Kite.
• 1:04:36
  If you take your Bitcoin security seriously, you'll need
• 1:04:40
  the best Bitcoin hardware wallet on the market to take self
• 1:04:43
  custody. That's where Cold Card comes in.
• 1:04:46
  The Cold Card Q is the most advanced Bitcoin signing device
• 1:04:50
  ever made. It's got a full keyboard, larger
• 1:04:53
  screen, and NFC support, making air gap signing easier than
• 1:04:57
  ever. It's built for power users who
• 1:04:59
  want the ultimate security without sacrificing usability.
• 1:05:04
  And if. You're looking for a battle
• 1:05:05
  tested on compromising cold storage.
• 1:05:08
  The Cold Card MK4 is your go to with PSBT signing an industrial
• 1:05:14
  grade secure element and USBC. It's the perfect blend of
• 1:05:18
  security and convenience. Both devices are of course 100%
• 1:05:22
  Bitcoin only open source and built by Bitcoiners for
• 1:05:26
  Bitcoiners. Secure your Bitcoin the right
• 1:05:29
  way with the Cold Card queue and the MK4.
• 1:05:32
  Head over to coldcard.com today and use promo code simply to get
• 1:05:37
  5% off anything on the store. All right, guys, I would usually
• 1:05:44
  model this for you guys, but we were talking about this at the
• 1:05:47
  end of last week and we got a really good video here.
• 1:05:50
  So I I want to show you guys this and then we'll get into the
• 1:05:52
  culture. Check this out.
• 1:05:53
  It's absolutely incredible. Once the transaction is
• 1:05:57
  finalized, the NFC screen will pop up signaling that the device
• 1:06:01
  is ready to be tapped and the transaction is ready to be
• 1:06:04
  broadcasted. Once the link shows up on your
• 1:06:07
  phone, make sure to click it and it will bring you to mempool dot
• 1:06:10
  space. Your transaction is officially
• 1:06:13
  broadcasted and waiting in queue.
• 1:06:15
  It's so cool. And that's it.
• 1:06:16
  Sorry, guys, I just thought that the so-called MBK was talking
• 1:06:19
  about this for us for last week. And when you see it happen, it's
• 1:06:22
  like, wow, this might actually be the easiest, simplest way,
• 1:06:24
  best way to to use your break. All right, all right, all right,
• 1:06:27
  anyway, anyways, I, I just wanted to show you guys that
• 1:06:30
  real quick. Make sure you scan the QR code
• 1:06:32
  you simply to get 5% off your purchases over at Coin Kai.
• 1:06:36
  OK Craig, let's talk about Bitcoin Las Vegas.
• 1:06:41
  Man, we are super excited to get out there this year.
• 1:06:45
  It's going to be great. Always have a blast at the
• 1:06:48
  Bitcoin conference this year. I asked you before the show,
• 1:06:52
  maybe we start there. You know, it seems like every
• 1:06:55
  year the Bitcoin conference gets bigger and bigger and bigger.
• 1:06:58
  This year, of course, it's going to be May 27th through the 29th
• 1:07:01
  in Vegas. And you guys can see here
• 1:07:04
  embrace the game theory. And I was asking Craig earlier,
• 1:07:07
  I'm like, is this one going to be bigger than than every year
• 1:07:11
  previously? And considering today's kind of
• 1:07:14
  one of those strange market days, I thought your answer was
• 1:07:17
  interesting. Like I really don't know.
• 1:07:19
  It should be, but who knows where the price is going to be
• 1:07:22
  in a month or so. If it dips, I mean, people might
• 1:07:26
  be stacking stats instead of buying conference tickets.
• 1:07:29
  But I will say that that probably is going to be a
• 1:07:31
  mistake because the event's going to be incredible.
• 1:07:35
  I mean, we're talking bigger production, bigger teams of
• 1:07:39
  artists who are handling the production.
• 1:07:41
  Our team is growing and it is incredible.
• 1:07:44
  And the work that goes into this event, I wish, I wish more
• 1:07:47
  people could see what happens on the back end because the
• 1:07:51
  conference team is just the best team in the business.
• 1:07:54
  I know there's a ton of Bitcoin conferences that are happening
• 1:07:58
  now, but there's only one where you're going to get the caliber
• 1:08:01
  of speaker and the various expertise of all of these
• 1:08:08
  different areas of Bitcoin. So that means mining.
• 1:08:11
  We've got a mining stage that has three days of content.
• 1:08:14
  It means open source development.
• 1:08:15
  We've got a stage where it's just exclusively focused on all
• 1:08:19
  the technical things that are happening.
• 1:08:21
  We've got our mainstage, which has tons of incredible speakers.
• 1:08:25
  And I know that like politics, last year was a big focus.
• 1:08:28
  It was an election year, but also this year we're doing an
• 1:08:32
  event called Coding Country, which is going to have a ton of
• 1:08:36
  incredible speakers, which I'm not going to to ruin the
• 1:08:39
  surprise because a lot of those are going to be announced in the
• 1:08:41
  coming days. But think, think the biggest
• 1:08:44
  possible speakers in the country.
• 1:08:47
  So when it comes to just various content that we have, it's like
• 1:08:52
  every possible thing that you can imagine.
• 1:08:54
  And that also includes like enterprise financialization
• 1:08:57
  content. Bitcoin has entered into a stage
• 1:09:00
  that is brand new where you've got the likes of Black Rock,
• 1:09:03
  Fidelity, Cantor Fitzgerald, all these massive institutions that
• 1:09:07
  are now starting to adopt Bitcoin.
• 1:09:09
  We have a stage completely dedicated to this type of
• 1:09:13
  content. So when it comes to all the
• 1:09:15
  different, all the different areas that you could learn about
• 1:09:18
  when it comes to Bitcoin, our event is meets them all.
• 1:09:21
  So I really highly recommend going to this event.
• 1:09:25
  This event in 2021, I did not go to you, but I had major FOMO and
• 1:09:30
  seeing that and now being on the other side of things, I really
• 1:09:34
  get a window into all the types of things that happen at this
• 1:09:38
  event. Companies come here, they do
• 1:09:39
  deals in the meeting rooms. There are people that come here
• 1:09:42
  that raise funding for their projects.
• 1:09:44
  People that come here get jobs in the industry.
• 1:09:47
  This is the place to be if you want anything to do with the
• 1:09:49
  Bitcoin industry. Even if you want to just learn,
• 1:09:52
  there's no better place to do that than in person.
• 1:09:55
  Yeah, you can watch videos where people tell you how to use the
• 1:09:58
  cold card, but actually going and talking to the people that
• 1:10:02
  create the cold card is a whole nother story.
• 1:10:04
  And that is like with any other product that is in the space.
• 1:10:07
  So Stamp CI saw the people asking about that in the chat.
• 1:10:12
  Come see these people, talk to them in person, come participate
• 1:10:15
  in a workshop and actually get your hands dirty learning these
• 1:10:18
  these skills because our event is the perfect place to do that.
• 1:10:22
  Yeah, totally. And, and on your point of, you
• 1:10:24
  know, getting a job, guys, I, we say this all the time when we
• 1:10:27
  bring on Bitcoin Magazine, but if it wasn't for Bitcoin
• 1:10:32
  Conference 2022 in Miami, Nico would have never asked me to
• 1:10:36
  join simply Bitcoin. He literally I went there and he
• 1:10:39
  was like, yo, I want you to come work with me.
• 1:10:42
  And you know, the rest is history.
• 1:10:43
  Here we are. I literally, I literally got a
• 1:10:45
  job at the Bitcoin magazine conference in 2022.
• 1:10:49
  The conferences are the best place to go, guys.
• 1:10:51
  Yes, I know a lot of people are like, oh, I'm too poor.
• 1:10:54
  I need to stack some stats. Why aren't these tickets free?
• 1:10:56
  Guys, you don't understand what it takes to put on a conference
• 1:11:00
  of this magnitude. And you got to remember that
• 1:11:03
  putting on a Bitcoin conference, like maybe what we saw in 2021,
• 1:11:06
  that was the biggest one, right? 2021 was the big Miami 1I I
• 1:11:09
  forget. The last year last, yeah, 2022
• 1:11:14
  was, was big, was big and then last year was was our biggest
• 1:11:18
  one. Absolutely incredible.
• 1:11:19
  But guys, point remains the same.
• 1:11:21
  You don't understand the impact of having the biggest conference
• 1:11:25
  in the world. There's so many eyes that get
• 1:11:28
  pushed towards Bitcoin, the Bitcoin community, the price,
• 1:11:31
  everything going on, the development, besides having
• 1:11:34
  something like the Bitcoin conference.
• 1:11:36
  Now, Craig, you said something interesting and I saw this came
• 1:11:39
  out on your Twitter, well, rather the Bitcoin magazine
• 1:11:43
  Twitter. So let me pull this up.
• 1:11:45
  I know you said just right now that politics was a huge theme
• 1:11:49
  on last year's. Obviously if you went, you
• 1:11:51
  remember like the Secret Service was there and it was like it was
• 1:11:54
  hectic. We were no, I don't even think
• 1:11:56
  you guys were ready for how hectic it was going to be.
• 1:11:58
  So this year, I'm guessing it's going to be, you know, less
• 1:12:01
  hectic, but we just saw on your guys's Twitter, Bohind is going
• 1:12:05
  to be speaking at the Bitcoin conference.
• 1:12:07
  So I know you can't really, you know, tease too much here, but
• 1:12:11
  you did mention that politics is going to be a huge theme and the
• 1:12:15
  some of the biggest people are going to be there.
• 1:12:17
  So man, congratulations. And I'm sure some bigger names
• 1:12:20
  are going to be announced very short.
• 1:12:22
  So I think this is huge. Maybe Bo Hines will say
• 1:12:25
  something incredible like we've heard at previous Bitcoin
• 1:12:28
  conferences. But this is this is shaping up
• 1:12:31
  to be a really, really fun week in Vegas and I'm super excited.
• 1:12:36
  Yeah, I think like when it comes to the big name speakers like
• 1:12:40
  you had mentioned earlier in the show, love them or hate them,
• 1:12:44
  this administration is very friendly to Bitcoin and it's not
• 1:12:47
  just lip service necessarily. If this is people that have they
• 1:12:52
  own Bitcoin, they actually have a vested interest in making
• 1:12:56
  Bitcoin be successful. And I think that is a difference
• 1:12:59
  this year than perhaps in previous years.
• 1:13:02
  And so when it comes to these big name speakers, I mean, it's,
• 1:13:05
  I wish I could tell you the pipeline because it is it's
• 1:13:08
  really exciting and there's nothing like actually being
• 1:13:10
  around other Bitcoiners. So when you come to the our
• 1:13:13
  event, you get to actually spend time with 10s of thousands of of
• 1:13:18
  people that are also interested in the same topic.
• 1:13:22
  And that's not just Bitcoin, that is sovereignty, that's
• 1:13:25
  freedom, that is freedom of speech, that is living a better
• 1:13:29
  lifestyle. Bitcoin really changes your
• 1:13:31
  perspective on how you view the world and being around other
• 1:13:35
  people who have gone through that same journey, who are going
• 1:13:37
  through that same journey just cannot be compared.
• 1:13:40
  And so I just, I can't recommend enough.
• 1:13:43
  Come check out. The event is going to be
• 1:13:44
  awesome. Vegas is a wild town.
• 1:13:46
  Come check it out and see what it's like.
• 1:13:49
  Let's go. Well, Luke, I'm gonna let you
• 1:13:50
  chime in here not to dox you too much, but I think your audience
• 1:13:55
  knows, you know, where you can and can't travel at this point.
• 1:13:59
  But you did say you will be going to a different Bitcoin
• 1:14:02
  conference. So maybe you want to chime in
• 1:14:04
  here. And then I will give Craig the
• 1:14:06
  last, you know, couple of minutes to wrap up, maybe, maybe
• 1:14:10
  pepper in some, some, you know, sneak sneak peeks here or just a
• 1:14:14
  simple TLDR elevator pitch. So, Luke, chime in here real
• 1:14:17
  quick and then we'll wrap up today's show.
• 1:14:21
  Yeah. So I was supposed to be going to
• 1:14:24
  the Bitcoin conference last year and then about 12 hours before I
• 1:14:30
  was supposed to get on that plane, I got an e-mail saying,
• 1:14:32
  sorry, Luke, but your US Ester has had a change in status.
• 1:14:38
  So anyway, I tried to quote UN quote sneak onto the plane to
• 1:14:43
  get to America despite me not having this visa.
• 1:14:46
  I even made a video out of it just for a was that the
• 1:14:49
  Colombian airport I got to the front desk.
• 1:14:51
  They didn't let me in. Long story short.
• 1:14:52
  So I am actually going to AUS embassy in Lima this next week,
• 1:14:57
  I believe to try to sort out that visa situation so I can
• 1:15:01
  make the Vegas Bitcoin conference because it's going to
• 1:15:04
  be huge. So I really do want to get
• 1:15:05
  there, but irrespective of what happens with my US visa, I will
• 1:15:10
  be going to BTC Asia in Hong Kong.
• 1:15:12
  I'll be in Asia for about 3 months.
• 1:15:14
  Might do a little bit of a round trip.
• 1:15:16
  Go check out Japan, Hong Kong, Thailand, and all of the Bitcoin
• 1:15:20
  things happening in Asia. So if you are in the region, hit
• 1:15:23
  me up. I'm going to be at what I think
• 1:15:27
  is probably going to be the biggest Bitcoin conference in
• 1:15:28
  all of Asia. So really looking forward to
• 1:15:31
  that. And kudos to Craig for
• 1:15:32
  organizing all of these massive global conferences, whether
• 1:15:36
  they're in America, Europe, Asia, or even the Middle East.
• 1:15:39
  I think the Bitcoin conference is everywhere.
• 1:15:42
  So yeah, I'm looking forward to getting on down to BTC Asia in
• 1:15:46
  August if I cannot across the waters to get to Vegas here in.
• 1:15:51
  Yeah, so guys, maybe you'll see Luke in the flesh as well, but,
• 1:15:54
  you know, maybe don't hold your breath on that one either.
• 1:15:57
  So, Craig, thank you so much for coming.
• 1:15:59
  Let's do, you know, maybe one more sneak peek, whatever you
• 1:16:04
  can. TLDR you know, short elevator
• 1:16:07
  pitch for people on the fence wondering whether they should
• 1:16:10
  go, and then we'll wrap up today's show.
• 1:16:12
  Yeah, totally. So like Luke mentioned, we have
• 1:16:15
  events on every continent pretty much.
• 1:16:18
  So if you can't make to this one, definitely think about
• 1:16:21
  coming to Hong Kong. Hong Kong's a really cool city
• 1:16:24
  that's going to be a really fun one.
• 1:16:25
  That is in August, end of August.
• 1:16:27
  We also just announced our event in Abu Dhabi that's happening
• 1:16:31
  December 8th and 9th. Come check us out there.
• 1:16:34
  Amsterdam dates are still being determined, but we've got events
• 1:16:38
  happening all over the world. Vegas is going to be the biggest
• 1:16:42
  and the best of all of them though, so if you can make it to
• 1:16:45
  the US, you don't have any visa issues come to that event
• 1:16:49
  because that one is going to be the most fun.
• 1:16:51
  It is the biggest event that we put on.
• 1:16:54
  It is our baby. It is our flagship 1 and it's
• 1:16:58
  going to be awesome, so highly recommend coming to that one if
• 1:17:01
  you can. But really, they're all amazing.
• 1:17:03
  Let's go actually, I'm going to put you on the spot here.
• 1:17:06
  I know I told you that I wasn't going to put you on the spot,
• 1:17:09
  but will we get the Vegas eye to put some Bitcoin, you know logos
• 1:17:15
  or some, you know, some advertisement on there?
• 1:17:17
  I, I really want to see some Bitcoin stuff on the eye in
• 1:17:21
  person. I I haven't yet seen the eye,
• 1:17:23
  but I I when I get. Through the sphere.
• 1:17:25
  Yeah, the sphere. Sorry.
• 1:17:26
  Yeah, I was. Called the.
• 1:17:27
  Eye, yeah. I I don't know, I just work with
• 1:17:31
  the speakers. So hopefully we'll see, but I've
• 1:17:34
  been actually been in been in there and it's awesome.
• 1:17:37
  It's a real. Awesome, Awesome man.
• 1:17:39
  Well, thank you so much again guys.
• 1:17:41
  Make sure you go too. Bitcoin Conference 2025 in
• 1:17:47
  Vegas, May 27th through the 29th.
• 1:17:50
  We are embracing the game theory in Vegas and it's going to be a
• 1:17:53
  blast. Bitcoin and Vegas is always a
• 1:17:57
  good time. Even though Bitcoiners don't
• 1:17:58
  like to gamble, it's funny when they get together they have a
• 1:18:01
  good time. So you got to make sure you go
• 1:18:03
  to this. It's going to be incredible.
• 1:18:04
  Of course, guys, use the promo code simply ALL caps to get 10%
• 1:18:09
  off your tickets and we will catch you in Las Vegas.
• 1:18:14
  I hope to see all of you guys. And on that note, it's been it's
• 1:18:17
  been a great day. We started Monday a little
• 1:18:20
  rough, Nico, as you can tell, Nico wasn't here.
• 1:18:21
  He's feeling under the weather. We've been traveling.
• 1:18:23
  But thank you so much, Craig, for the audio listeners.
• 1:18:27
  Will you plug any of the stuff that you want people to go to?
• 1:18:30
  And then I'll do have Luke do the same and we'll wrap up for
• 1:18:33
  today. Yeah, cool.
• 1:18:34
  So you can find me at Bitcoin under score fan with the pH.
• 1:18:39
  It's a fish reference. Then also follow the Bitcoin
• 1:18:42
  Conf at on Twitter because that's where you'll see all the
• 1:18:46
  incredible speaker announcements that are going to be coming in
• 1:18:48
  soon. I wish I could share some more,
• 1:18:51
  but check those two places for all there.
• 1:18:53
  We go there's the sneak peek we wanted it's coming soon.
• 1:18:56
  You guys will know the big names coming in.
• 1:18:57
  All right, Luke on that now. Thanks for filling in today.
• 1:19:01
  I'm still I don't know we'll see we'll see Luke might be on the
• 1:19:05
  show tomorrow. I don't know if Nico's going to
• 1:19:07
  be ready for us tomorrow. So you might get a double dose
• 1:19:09
  of Luke. I'm I'm thinking of maybe
• 1:19:11
  getting rust and I'll see if I I got to figure some stuff out
• 1:19:14
  here. So, Luke, will you plug your
• 1:19:16
  YouTube, your Twitter, all that good stuff, and then we'll wrap
• 1:19:18
  up today's show. Yes, I talk trash on YouTube
• 1:19:22
  pretty much every day. I pretty sure I released the
• 1:19:25
  video about, I don't know, 20 minutes ago with me probably
• 1:19:29
  talking less trash than usual, actually doing a somewhat OK
• 1:19:32
  video. So yeah, if you want to tell me
• 1:19:34
  I'm crazier, I've got a lesbian haircut.
• 1:19:36
  You can do that on YouTube or Twitter.
• 1:19:38
  Oh man, this guy, this guy's going to get us Nuke.
• 1:19:40
  OK, on that that note, we are out guys.
• 1:19:46
  Thank you for coming on today. Let me pull them behind the
• 1:19:49
  scenes. All right, it was Monday, April
• 1:19:52
  7th. This was simply Bitcoin live.
• 1:19:54
  Of course, we will be dropping content later on our channel.
• 1:19:58
  But if you enjoyed this show, make sure you smash the like
• 1:20:01
  button comment on this show. Are we being bearish?
• 1:20:05
  Are we being bullish? Did we get you with the click
• 1:20:07
  bait title? All that good stuff?
• 1:20:09
  And of course. Smash the subscriber button if
• 1:20:11
  you think we are providing value for you guys and we will see you
• 1:20:14
  tomorrow on the next Simply Bitcoin Live peace out.
• 1:20:19
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