Latest / Simply Bitcoin / Donald Trump Sends A MASSIVE Bitcoin WARNING To The World! | EP 1237

Transcript

Donald Trump Sends A MASSIVE Bitcoin WARNING To The World! | EP 1237 · Simply Bitcoin

• 0:00
  Yo, yesterday, President Donald Trump dropped two Bitcoin
• 0:04
  bombshells and an exclusive interview we're about to play
• 0:07
  for you guys suggesting that maybe Donald Trump is forcing
• 0:11
  China to respond to America's Bitcoin plant.
• 0:15
  But it wasn't just Trump turning up the heat on the global
• 0:18
  Bitcoin arms race this weekend. Crypto SAR David Zacks also made
• 0:23
  some interesting comments about Bitcoin.
• 0:25
  But before we get there, let's play the clip of President Trump
• 0:28
  and then we'll talk about it. Let's check it out.
• 0:32
  I want crypto. I think crypto is important
• 0:34
  because if we don't do it, China is going to and it's new, it's
• 0:39
  very popular, it's very hot. If you look at the market, when
• 0:44
  the market went down, that stayed much stronger than other
• 0:47
  aspects of the market. But I want crypto because a lot
• 0:50
  of people, you know, millions of people want it.
• 0:52
  I don't know if you know that Biden went after it violently
• 0:56
  and then before the election, he changed his tune entirely.
• 0:59
  His head of the the SEC. Everybody changed their tune.
• 1:02
  You know why? Because there were hundreds of
• 1:03
  millions of people that are participating.
• 1:08
  All right everybody, we are back and of course I'm joined with my
• 1:11
  legendary Co host who's always optimistic optimist field and I
• 1:15
  mean the president saying the quiet part out loud.
• 1:17
  This is what Max Keiser calls the global hash war.
• 1:21
  It is the game theory coming into place.
• 1:23
  And you might feel a certain way about Bitcoin from an
• 1:26
  ideological perspective. You might not like it.
• 1:29
  You might be Christina Lagarde, you might be a central banker,
• 1:32
  and you might be coming up with every excuse that you can come
• 1:35
  up with to basically say that Bitcoin is a danger to humanity.
• 1:39
  But the reality is that the game theory, the incentives are
• 1:44
  there. And again, it every single
• 1:47
  country around the world is incentivized to adopt Bitcoin
• 1:52
  because the countries that do adopt Bitcoin are going to have
• 1:55
  a strategic advantage. They're going to get ahead.
• 1:58
  They're going to be able to accumulate the scarcest asset
• 2:01
  the world has ever seen. Do you think it's a coincidence
• 2:05
  that the first country that made Bitcoin legal tender happens to
• 2:09
  be the safest country in the Americas?
• 2:11
  And of course, I'm talking about El Salvador.
• 2:13
  That is not a coincidence. So I think President Trump is
• 2:17
  using common sense. This is what he ran on.
• 2:20
  This is what he promised the Bitcoin voting demographic in
• 2:24
  Nashville. And again, he's coming through
• 2:28
  with what he promised and, you know, with the executive orders
• 2:31
  of the strategic Bitcoin Reserve.
• 2:33
  You know, this is what he's saying.
• 2:34
  What another funny part about that interview too, was the
• 2:38
  interviewee was like giving him like he about the Trump coin,
• 2:42
  which of course you guys know where Bitcoiners are not a big
• 2:44
  fan of all coins here on simply Bitcoin.
• 2:46
  But it was just so funny because like, she she didn't even have
• 2:49
  the numbers ready. Like she was like, yeah, I went
• 2:51
  up like 58, like 58%. Like, do you have any?
• 2:54
  He's like, look like why do you guys write a story that people
• 2:58
  actually care about? So I found that hilarious.
• 3:01
  Anyways, here's the other clip of the so-called White House
• 3:05
  Cryptozar David Sachs, who is going to be talking at the Vegas
• 3:10
  conference that's coming up in basically at the end of the
• 3:13
  month. So let's check out this clip and
• 3:15
  then me and Opti are going to be having a discussion.
• 3:17
  Let's check it out. We did repeal binds exec order
• 3:21
  on AI, which was, you know, 100 pages of unnecessary regulation
• 3:24
  on AI. We've ended the war on crypto
• 3:27
  and I think we're trying to stop the regulatory capture that
• 3:30
  benefits large incumbents. So you have all these things and
• 3:33
  there's been other things that that have been done on the
• 3:35
  economy as well. But I, I do think that this sets
• 3:37
  us up for a Trump boom in the future.
• 3:41
  It's just that a lot of these I 100% agree.
• 3:47
  And again, the media onslaught does not stop it.
• 3:51
  It it's, it's, it's pretty crazy because you know, it, it was, it
• 3:55
  was 1 sided, right? Like me and Opti were covering
• 3:58
  this, the attacks from the Wall Street Journal, the attacks from
• 4:01
  the New York Times, which coincidentally, I'm not saying
• 4:05
  that one is related to the other.
• 4:07
  All of a sudden the New York Times stop writing about Bitcoin
• 4:13
  since that whole USAID thing came out.
• 4:17
  Isn't that a coincidence anyways?
• 4:19
  But it seems like all of legacy media hasn't stopped.
• 4:23
  The Guardian still hasn't gotten the memo.
• 4:25
  Check out this headline, Which I think is absolutely hilarious
• 4:28
  how Trump's love for crypto threatens US residents.
• 4:33
  Peace quotes. I just want quiet.
• 4:36
  I think they're talking about, of course, Bitcoin miners.
• 4:38
  First came the dogs balding, balding, leathery pink patches
• 4:44
  on otherwise glossy fur coats. The veterinarian told it was a
• 4:49
  genetic. But it was long before one of
• 4:52
  the hairless puppies began stealing blankets to blankets to
• 4:56
  Burrow beneath furniture and hide for long stretches.
• 4:59
  Around the same time, in the summer of 2022, she first heard
• 5:03
  the noise, a deep mechanical howl.
• 5:06
  The sound of freedom, as we as me and Opti like to call it that
• 5:10
  became that becomes shrill closer to the facility.
• 5:13
  Copper haven didn't even didn't know it then but Bitcoin miners
• 5:17
  had come to town less than a mile away from her home in East
• 5:21
  Texas, a cryptocurrency mining facility was rumbling to life.
• 5:26
  The hum has since become the soundtrack to life for hundreds
• 5:30
  of residents in the small city of Granbury, with a population
• 5:33
  of 12,600. It echoes across the
• 5:37
  agricultural land and forest, chasing away deer.
• 5:41
  It seeps into walls, vibrating bedrooms and dinner tables.
• 5:45
  Copper Haven's neighbor imagines that it was it was it.
• 5:50
  It is what standing on the edge of Niagara Falls might sound
• 5:54
  like. Copper Haven sounds says it
• 5:56
  sounds like a jet engine is forever stationed by.
• 5:59
  I mean, like, this is just ridiculous.
• 6:03
  I mean, the, the the media coverage of this is so blatantly
• 6:07
  bias and obvious against Bitcoin.
• 6:11
  And yeah, like it, it, it, it's relentless.
• 6:14
  And that whole interview, by the way, I highly recommend you guys
• 6:17
  watching it. It was just like a bunch of got
• 6:19
  you questions after got you questions after got you
• 6:22
  questions. And exactly someone in the chat
• 6:24
  says the beautiful sound. I call it the sound of freedom.
• 6:26
  You plug in an S 9 or an S 19. Nothing in the world makes that
• 6:31
  sound. It sounds sounds absolutely
• 6:32
  beautiful. It's like, you know, and I love
• 6:36
  how that article used like, oh, it scares away the deers.
• 6:40
  It sounds like a jet engine, like they can no longer say that
• 6:44
  it it emits CO2 emissions. So now it's about the sounds,
• 6:48
  right? So like these media outlets are
• 6:50
  like, this is propaganda, right? Whether it's, you know,
• 6:54
  traditional TV interviews or just the legacy ridden media,
• 6:59
  it's always negative. It's crazy and it always leans
• 7:03
  to one side, which is anti Bitcoin, anti freedom, anti
• 7:07
  individualism and it's clear for the world to see.
• 7:11
  And you know, what's really interesting too, is that none of
• 7:13
  these legacy media outlets did their jobs last year when our
• 7:18
  industry was under attack, when Operation Choke .2 Point O was
• 7:23
  in full force, when Caitlin Long's bank was denied a federal
• 7:27
  banking charter, when there was a proposed 30% Bitcoin mining
• 7:31
  attacks, When essentially the samurai wallet guys got
• 7:36
  arrested, when CZ got arrested, when Arthur Hayes got arrested.
• 7:40
  None of that was covered from a positive light.
• 7:43
  It was always negative. It was always, you know, they
• 7:47
  tried to associate the CZ arrest to terrorism, but it was never
• 7:51
  talked about. Like the benefits of Bitcoin
• 7:53
  were never talked about. The benefits, the, the issue
• 7:56
  that Bitcoin solves, which is the, the I, I would say the
• 8:00
  number one threat to human prosperity, which is inflation.
• 8:06
  None of that is talked about. It's always talked about like
• 8:09
  Bitcoin is going to blow the oceans.
• 8:12
  Bitcoin is bad, you know, but they never talk about the
• 8:15
  alternative. And So what I'm saying is that
• 8:19
  we're winning. What I'm saying is that the same
• 8:22
  legacy media outlets went after El Salvador savagely with the
• 8:28
  same type of, you know, you know, picking and choosing type
• 8:32
  of narrative description. But if you actually look at the
• 8:35
  facts, you know, Bitcoin helps people save.
• 8:39
  That's the reality of it. I'm not talking about the
• 8:42
  altcoins. But if you save and earn in
• 8:44
  Bitcoin, your life gets progressively cheaper.
• 8:47
  Despite what the government's monetary policy is, and
• 8:51
  regardless of Naimbu Kelly's record of providing safety and
• 8:57
  security for the citizens of El Salvador, despite having a 96%
• 9:02
  approval rating, this same media attacks him relentlessly, just
• 9:07
  like they attack President Trump.
• 9:10
  When the media is not neutral and fair and truthful, it's no
• 9:16
  longer media that is propaganda. And I think over the last five,
• 9:22
  5 to 10 years, what we've discovered is that a lot of the
• 9:25
  legacy media is just that it's it's like a propaganda machine,
• 9:30
  right? So anyways, of course I'm here
• 9:32
  joined with my legendary Co host who's always optimistic optimist
• 9:36
  Fields Opti. What do you think about that,
• 9:38
  bro? That that guardian article that
• 9:40
  I had a really hard time reading.
• 9:42
  Sorry guys, it's Monday. They're using some big words.
• 9:45
  Dude that that was crazy. It was like dude like the Trump
• 9:50
  he he's threatening your your peace and quiet.
• 9:54
  And of course, the hostility coming out of that so-called
• 9:58
  reporter that's supposed to be, you know, fair and neutral is
• 10:01
  absolutely crazy. But again, the signal there,
• 10:05
  despite them trying to make it seem like a hit piece is that
• 10:08
  Donald Trump understands the reality.
• 10:11
  He understands that if the United States doesn't take the,
• 10:16
  you know, the dominant position when it comes to Bitcoin, China
• 10:20
  is going to come in and swoop in.
• 10:22
  That is absolute common sense. Doesn't take rocket scientists
• 10:26
  to figure this out. And that's what Max Kaiser calls
• 10:29
  the global hash wars. Anyways.
• 10:32
  Opti, what's your take, brother? Well, I love that article
• 10:36
  because it really, it really just shows that they're running
• 10:38
  out of FUD lines. Like the FUD is no longer
• 10:40
  working how it used to work. Remember forever?
• 10:43
  It was like they're boiling the oceans.
• 10:44
  You know, they're going to take all the electricity of the
• 10:46
  world. Bitcoin might, you know, go to 0
• 10:49
  Now they're like the miners are too loud.
• 10:52
  It's like it's just getting worse.
• 10:55
  That article is ridiculous. And hey, look, you know, miners
• 10:58
  are they are pretty loud. Like I'll give them that.
• 11:01
  But like, I don't think that this is like a really good FUD
• 11:05
  piece here that that should be the reason why you shouldn't,
• 11:08
  you know, plug in minors. It's like there's two
• 11:11
  alternatives. You either use the money that
• 11:12
  can get inflated away or you use something that they can't.
• 11:15
  That is, you know, cryptographically backed by, you
• 11:18
  know, these computers or whatever Sailor always says.
• 11:21
  But I do want to get back to kind of the the Trump clip and
• 11:24
  the David Sachs clip. The big takeaways I think are,
• 11:28
  you know, he does kind of use China as like the big boogeyman.
• 11:31
  And I'm personally, I'm not like the biggest fan of that that
• 11:34
  claim here. But that is kind of part of, as
• 11:37
  Nico would always say, the Overton Window as, you know,
• 11:40
  political discourse. It's always like, oh, you know,
• 11:42
  if we don't do this, China is going to do it.
• 11:44
  And or, you know, the other one, like it's, you know, Russia or
• 11:48
  something like that. But I think the point remains
• 11:51
  the same. And we are seeing this play out
• 11:52
  in real time, like the global game theory is taking off and we
• 11:55
  are we're seeing that China is doing backflips on their Bitcoin
• 11:59
  stance. They're talking about it,
• 12:00
  they're deliberating over it. You know, they have the two
• 12:02
  countries, one policy kind of playbook.
• 12:05
  We know Hong Kong getting into Bitcoin or at least, you know,
• 12:08
  dropping their ETFs, et cetera. So like there is some some
• 12:12
  credence to this idea that if the US doesn't embrace it as as
• 12:16
  quickly as we would like, they will be left behind.
• 12:19
  And that's obviously bad for the US economic standing in the
• 12:23
  world because we think Bitcoin's going to take over.
• 12:25
  So that point is, is, you know, I, I would say ballot.
• 12:29
  Now, the more interesting point to me is, you know, Trump
• 12:32
  basically said, if you read between the lines, like the
• 12:34
  decoupling that we saw the last couple of weeks is one of the
• 12:38
  most important things we're seeing play out in real time as
• 12:41
  all markets are kind of in this wonky position right now.
• 12:44
  There's a lot of uncertainty. You know, no one knows really
• 12:47
  what's going on with bond. We're seeing gold RIP, equities
• 12:50
  and stocks are kind of going down.
• 12:53
  People are looking for alternatives.
• 12:54
  And the fact that Bitcoin is holding on as strong as it is,
• 12:57
  you know, it, it basically pumped.
• 12:59
  It's, it's kind of correcting a little bit right now.
• 13:01
  It's testing the resistance line.
• 13:03
  It does feel like by the end of this month, Bitcoin is going to
• 13:06
  RIP. You know, a lot of people have
• 13:07
  been parading this M2 global liquidity chart in Bitcoin and
• 13:12
  it seems to be following it pretty good, even though the M2
• 13:15
  global liquidity chart isn't updated, you know, every week
• 13:18
  like the Bitcoin price. But it is one of these factors
• 13:21
  where people are seeing Bitcoin is becoming this neutral store
• 13:25
  of value that we all talk about. Like you can argue that Bitcoin
• 13:28
  already is that and it's really just people's understanding of
• 13:31
  that playing out. That is what's happening.
• 13:33
  You know, Bitcoin is and everything else is kind of a
• 13:36
  reaction to what Bitcoin does or rather, you know, doesn't do,
• 13:40
  which is of course not debase. And then the last part, I found
• 13:43
  it really interesting. And again, I'm using Nikos
• 13:45
  cliches here on the show, but you know, elections have
• 13:47
  consequences. And as we see Bitcoin is and you
• 13:52
  know, maybe we can argue whether it is or not, but Bitcoin is a
• 13:56
  global and also a national movement here.
• 13:59
  And there's a lot of Bitcoin holders out there.
• 14:00
  And you could say that, you know, the shit coin holders are
• 14:03
  also Bitcoin holders, etcetera. But there is a mass movement
• 14:07
  here, people that are embracing Bitcoin.
• 14:09
  And hey, as we've been saying for a long time, if you want to
• 14:12
  maintain your position in politics, you can't fight
• 14:14
  Bitcoin. And I think this is this is part
• 14:17
  of the one of those data points are just showing that Bitcoin is
• 14:19
  maturing. It's becoming, you know, you can
• 14:21
  call it a legitimate asset class.
• 14:23
  It's it's becoming a legitimate neutral money around the world.
• 14:27
  And, and they have to bend the knee to Bitcoin.
• 14:29
  They have to embrace Bitcoin, as we always say.
• 14:32
  And as the meme goes, you know, you don't change Bitcoin,
• 14:34
  Bitcoin changes you. And now we're seeing that these
• 14:37
  memes are literally coming out of the United States president's
• 14:40
  mouth. Obviously he's, you know,
• 14:42
  trumpifying these these memes a little bit, but he's saying all
• 14:45
  the stuff we've been saying right now.
• 14:47
  Global game theory is playing out.
• 14:50
  That's funny. Yeah, that is Trump talked about
• 14:54
  the decoupling. Do we have?
• 14:56
  Do we have a do we have have a Nissan Al gaib?
• 14:59
  Do we have a Nissan Al gaib bro? And then, and then, you know,
• 15:02
  double down on the fact that there's hundreds of millions of
• 15:04
  people that are holding Bitcoin like this isn't just something
• 15:07
  that you can dig your head in the sand and be like, oh, this
• 15:09
  is insignificant. This is something that is
• 15:13
  starting to take the world by flame.
• 15:14
  And everyone is going to have to start to learn what Bitcoin is,
• 15:18
  how to use Bitcoin, because if you don't, you're going to get
• 15:21
  left behind. So look, we are growing up as
• 15:25
  you know, an industry, an asset, a money, whatever you want to
• 15:28
  call it, Bitcoin is entering that mainstream consciousness.
• 15:31
  We are entering the mainstage. And I think it's only going to
• 15:34
  get more interesting here. And, and yes, all the power
• 15:37
  moves we're seeing from from the political class and then the
• 15:40
  huge financial institutions, all part of what we think is the
• 15:44
  growing trend that there is a monetary reordering playing out
• 15:47
  and people are trying to position themselves so that they
• 15:50
  can maintain their wealth. And of course, for us laymen,
• 15:54
  average everyday people, the way to actually save your wealth is
• 15:58
  literally by just buying Bitcoin, storing that Bitcoin
• 16:01
  and holding it long term. That's like the only game it
• 16:04
  goes back to. The only way to win the game is
• 16:07
  to play the game. And that means get off 0, hold
• 16:09
  Bitcoin. Everything else is noise.
• 16:12
  Absolutely. I mean, that's, that's the
• 16:14
  absolute signal. But yeah, man, I can't believe
• 16:17
  we heard the president of the United States talk about, you
• 16:19
  know, the decoupling man. Like he's a like, you see, see,
• 16:23
  in the stock market, Bitcoin actually performed better.
• 16:26
  And then you know how we're winning again.
• 16:28
  It's the legacy media hit pieces that are coming out.
• 16:31
  They've ran out of excuses. It's no longer boiling the
• 16:34
  oceans. Apparently Trump is making
• 16:37
  things way too loud and you know, with Trump, you can't get
• 16:41
  your peace and quiet as long as Trump's there because of the,
• 16:44
  the very, very evil, you know, energy intensive Bitcoin mining
• 16:50
  toasters. Leave my toasters alone.
• 16:52
  That's what I got to say anyways, Opti, this is like a
• 16:55
  you know, this is like a walk in the park compared to what we
• 16:59
  lived through the last two years in terms of the legacy media
• 17:02
  narratives, man Like things are like if we're getting to the
• 17:05
  point right now with that they're they're just they're
• 17:07
  just complaining about the noise.
• 17:10
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  If you guys are enjoying the Rumble show, make sure to smash
• 21:10
  that like button. If you guys are enjoying the
• 21:12
  YouTube show, smash that like button.
• 21:14
  We're already at 115 likes. Help us break 200 likes.
• 21:18
  By the time the show ends, you're listening to Simply
• 21:20
  Bitcoin. At the the time of recording,
• 21:22
  the Bitcoin price is 94,150 block height 895,389 sats per
• 21:29
  dollar 1062 market cap 1.87 trillion Bitcoin versus gold
• 21:35
  market cap 8% Percentage issued 94.57% decline from all time
• 21:41
  high. If you're buying Bitcoin right
• 21:42
  now, you're getting it at a 13.8% discount.
• 21:46
  Realize monetary inflation. My favorite stat out of all this
• 21:49
  .84% in the grand scheme of things.
• 21:53
  We're just getting started. Anyways, guys, this is Monday.
• 21:55
  We're going to start it off with some Monday hopium, some some
• 21:59
  some bullish news into the veins.
• 22:01
  I mean, Opti's here. Opti is powered by opium, if you
• 22:05
  guys didn't know. I do want to give a shout out to
• 22:08
  this and caffeine and nicotine. I do want to give a shout out to
• 22:13
  Mexico Huddle. Appreciate the $20 bro making
• 22:20
  wearing men's underwear underwear backwards great.
• 22:23
  Again, I appreciate the $20 dude.
• 22:25
  Thank you so much. Anyways, I would do want to get
• 22:27
  to this thread by Jesse Myers. He says global asset Landscape
• 22:32
  2025 update in 2023, there was $900 trillion of global wealth.
• 22:39
  Today that number has grown to 11000 trillion.
• 22:44
  What's the What's the number above a trillion opti?
• 22:46
  I think it's quadrillion. Quadrillion.
• 22:49
  That sounds so. Weird.
• 22:50
  I don't know. I big numbers are hard for me so
• 22:52
  I don't know. You know, back in like the 80s
• 22:55
  and 90s, like the way that they would like describe a billion on
• 22:58
  TV, they would just say like 1000 million instead of saying a
• 23:03
  billion. Because it was like, no, we're
• 23:05
  doing the same thing, just 1000 trillion.
• 23:07
  We're just doing the same thing because it's like unconceivable,
• 23:10
  unheard of. So what is a quadrillion?
• 23:13
  Right. I think it's quadrillion.
• 23:14
  It's a quadrillion SO1 quadrillion.
• 23:17
  That sounds effing crazy it. Literally sounds made-up.
• 23:20
  It sounds made-up, but could you imagine in the 90s and 80s?
• 23:23
  It's probably the same thing. It's like, yeah, bro, just say
• 23:25
  just say, you know, 1000, a thousand million, man, that
• 23:28
  sounds way better. A billion sounds effing crazy.
• 23:31
  Anyways, So back to it. Jesse Myers and he's super
• 23:34
  famous for dropping this, by the way, like the the and and so
• 23:39
  many people use this James lavish.
• 23:41
  We had him on the pod recently, he was talking about it, but
• 23:44
  essentially it's just a chart and it breaks down the, the
• 23:48
  amount of assets worldwide, right?
• 23:51
  So it breaks it down into categories.
• 23:53
  Bitcoin is at 2 trillion, gold is at 22 trillion.
• 23:57
  So if Bitcoin reaches the market cap of gold, that's a 10X,
• 24:01
  right? I, I don't think it's an if.
• 24:02
  I think it's a matter of when. Then arts, art, cars and
• 24:06
  collectibles 27 trillion, equities 135 trillion, real
• 24:11
  estate 370 trillion, bonds 318 trillion and then money 129
• 24:17
  trillion. Total global asset value has
• 24:20
  grown at 6% per year over the last two years.
• 24:24
  Bitcoin has been the * performer.
• 24:26
  So it just breaks it down, right.
• 24:28
  So global asset growing at 6% and Bitcoin .4 in 2023 and 2025
• 24:36
  it's 1.9. The Kaggar is 120% and gold 12
• 24:41
  and 12 trillion in 2023 and 22. Wow gold gold finally hit it out
• 24:46
  of the park. Peter Schiff must be throwing an
• 24:48
  effing party bro God damn. But still below Bitcoin 35%.
• 24:53
  Art, cars and collectibles it went from 24 trillion to 27 grew
• 24:58
  6%. Equities It grew from 115
• 25:01
  trillion to 135 trillion 8%, Real estate 330 trillion to 380
• 25:08
  trillion, 7%, bonds 300 trillion to 318 trillion, 3% and money
• 25:14
  120 trillion to 129 trillion. The global money supply has
• 25:19
  grown at 4.8% per year over the last two years.
• 25:23
  This analysis from Dylan Leclair shows the M2 money supply for
• 25:27
  the for the 21 largest economies converted into dollars.
• 25:31
  The world isn't getting 6% richer per year.
• 25:35
  Fiat currency is diluting at 4.8% per year.
• 25:40
  By accounting for Fiat the basement, we can see the
• 25:43
  relative gainers and losers in the global asset landscape.
• 25:47
  Hard assets, Bitcoin plus gold are gaining share.
• 25:50
  Fiat assets, bonds plus money are losing share.
• 25:54
  So it just kind of breaks it down.
• 25:56
  Hard assets growing, Fiat assets shrinking on a relative basis.
• 26:00
  So if you take this into account, it's a different
• 26:04
  conversation. So Bitcoin has grown by 323 goes
• 26:09
  up change in percentage of total 323% gold 63% Arden Collectible
• 26:16
  0 equities for real estate, 2 bonds actually -6% and money
• 26:23
  -4%. Last year Michael Saylor based
• 26:27
  his we. We've covered this many times on
• 26:29
  Simply Bitcoin, the episodes that are titled How much Bitcoin
• 26:32
  do you need to retire? We use Michael Saylor's plug in
• 26:36
  calculator. It's open source.
• 26:38
  Last year, Michael Saylor based his Bitcoin 24 valuation model
• 26:42
  on my full potential valuation framework.
• 26:44
  Here's how. Saylor expects each asset
• 26:47
  category to grow or shrink over the next 20 years.
• 26:51
  Saylor input his own assumptions to quote full potential
• 26:55
  valuation model. So it kind of breaks it down
• 26:59
  from the starting point of Bitcoin being .2% of the world's
• 27:02
  900 trillion in assets. Sailor expects Bitcoin to grow
• 27:07
  from .2% of global wealth to Bitcoin growing to become 7% of
• 27:13
  the world's 4, 4000 trillion in assets.
• 27:16
  In other words, Sailor expects $13 million per Bitcoin in 2045
• 27:23
  to 7% of global wealth in 20 years.
• 27:26
  I mean, that doesn't sound too crazy if you break it down like
• 27:30
  if you look at the initial chart, right?
• 27:33
  So it's like bitcoins, this tiny little speck, tiny little dot.
• 27:37
  And if you take a look at this one like that doesn't sound like
• 27:42
  that. It's not too crazy like set here
• 27:44
  it is. That's not like in the grand
• 27:46
  scheme of things like real estate is still way bigger,
• 27:49
  bonds are still way bigger, money is still way bigger, art
• 27:52
  is still way bigger. And then it's taking to account
• 27:55
  essentially that Bitcoin will surpass gold.
• 27:57
  But as Max Keiser has said many times, why wouldn't Bitcoin
• 28:02
  surpass gold? It's superior to gold, has
• 28:05
  better characteristics. You're able to send it
• 28:07
  instantaneously anywhere around the world.
• 28:09
  You're able to essentially take custody of it.
• 28:12
  It's physical characteristics don't limit your ability to
• 28:15
  transport it. It's just a superior asset.
• 28:18
  It actually has absolute scarcity, unlike gold anyways.
• 28:23
  So if you break it down like that, it's not that crazy to
• 28:26
  think that we're going to see $13 million Bitcoin in 20 years.
• 28:30
  With this 2025 update, we can see how actual reality is
• 28:34
  tracking so far versus Sailors expectations overall remarkably
• 28:39
  aligned 2023 to 2025 changes in line with Sailors expected
• 28:44
  changes to 2045. So it just breaks down the 2023
• 28:49
  to 2025 actual and then Sailors prediction to 2020 to 2045.
• 28:54
  So it breaks down the CAGAR and it just breaks down the numbers.
• 28:58
  So anyways, pretty cool shout out to Jesse.
• 29:02
  I think this is pretty cool. Or he used to have a screen name
• 29:05
  process breaks it down. I love, I love this chart
• 29:09
  because it gives a visualization of of the opportunity, right?
• 29:12
  Like if we truly believe Bitcoin is a superior asset, it's going
• 29:16
  to continue to grow. And if you take a look at this
• 29:20
  picture, I I just don't think this is unreasonable at all.
• 29:24
  Anyways, Opti, what are your thoughts on this man?
• 29:27
  I I love that picture because it's a visualization of bitcoins
• 29:31
  potential. Yeah, well, first of all, I
• 29:35
  think Jesse's first point is probably the main point that
• 29:39
  most people don't understand. Obviously economics or the
• 29:42
  traditional financial system is complicated on purpose, so
• 29:44
  people can't really point to the root problem.
• 29:47
  While you're looking at global wealth expanding, you know,
• 29:50
  everyone's like, yeah, we we made it to 1 quadrillion or 1000
• 29:54
  trillion dollars of global wealth.
• 29:55
  Like we're getting so much wealthier.
• 29:57
  This is awesome. But when you really look at the
• 29:59
  plumbing, it's like, no, it just means that the currencies are
• 30:01
  being debased more. And that's why hard assets or
• 30:04
  asset prices are going up. It's because only the rich are
• 30:07
  holding these assets. So if you're just an average
• 30:09
  everyday person, you are actually getting poorer.
• 30:12
  And This is why you feel like, yeah, maybe the world is getting
• 30:15
  more wealthy overall. But my day in today life, I'm
• 30:18
  struggling more than ever. I'm sure you guys have seen all
• 30:21
  the social media posts of people like basically crying in the car
• 30:25
  that they can't, you know, buy their groceries or their health
• 30:28
  insurance or, you know, can barely pay rent and how are
• 30:32
  people surviving in this economy, etcetera, etcetera.
• 30:35
  Well, this is the reason. It's because the currencies we
• 30:38
  are using are being debased at a rate that is faster than the
• 30:41
  official inflation numbers. And This is why people are
• 30:44
  feeling the pain, but they can't pinpoint what the problem is.
• 30:47
  This is why bitcoiners do what we do.
• 30:49
  This is why we are so, you know, all in on Bitcoin is because
• 30:53
  this is the basically the main problem that we're all facing
• 30:56
  right now is we don't have a good money, We don't have a good
• 30:59
  store value out here. Unless you're a rich person that
• 31:01
  can buy, you know, these, these assets that are incredible price
• 31:05
  ranges that, you know, are out of the average person price
• 31:07
  range. But I think the the the second
• 31:10
  part of that that thread, which is I would say extremely
• 31:14
  bullish, Nico, would be that last chart you posted sailors
• 31:18
  prediction to get to a $13 million Bitcoin by what 2045 or
• 31:24
  2049? Go to the last one, the that
• 31:27
  one, that one, that second last one, Yeah.
• 31:30
  So sailors prediction of getting to 2045 $13 million Bitcoin is
• 31:36
  based on a keger or compounding annual growth rate of 29%.
• 31:41
  Now I know sailors talk about this that he expects it to kind
• 31:44
  of slow down over time. But even if we, you know, are a
• 31:50
  little more bullish than sailors conservative take, if you
• 31:53
  compare that 120% Keger for the last two years, even a
• 31:58
  conservative bet of it going to like, I don't know, half, you
• 32:02
  know, gets cut in half to 55% or 60%, etcetera.
• 32:07
  Like that's going to blow past sailors conservative
• 32:10
  predictions. And I know everyone always says
• 32:12
  like, oh, actually, I, I think you've been getting, we've been
• 32:16
  kind of getting trolled lately because we've been doing a lot
• 32:18
  of stuff around price predictions because that's what
• 32:20
  you know, people like and it's exciting and it's just fun to
• 32:23
  kind of joke around about. But when you really look at the
• 32:27
  numbers, it's it like our our conservative predictions could
• 32:32
  be completely blown out of the water.
• 32:33
  And I know a lot of Bitcoiners like to make conservative
• 32:37
  predictions so we don't sound too crazy or so we don't get
• 32:40
  disappointed or, you know, we undervalue where we think
• 32:44
  Bitcoin is going. But if it follows or even gets
• 32:47
  cut in half, its current kegger $13 million per Bitcoin is
• 32:52
  actually like on the lower end. That could be a bear case of
• 32:56
  where we are going. And when you look at the math,
• 32:59
  it just it's so simple. But I think one of the things
• 33:01
  I've been kind of wrapping my head around lately is that as
• 33:05
  much as we try to give people logical reasons, as much as we
• 33:08
  have these math to point to and to show where we think this is
• 33:12
  going, most people aren't really guided by logic.
• 33:16
  They're guided by their emotions.
• 33:17
  And we're seeing this play out in real time.
• 33:19
  And so I've actually been going through a lot of threads and
• 33:22
  kind of thinking through this. And it's like, how do we make
• 33:24
  people care on an emotional level?
• 33:26
  Because the math and the logic just doesn't seem to get through
• 33:29
  people's brains right now. Because when you put out the
• 33:31
  math out there, obviously to us Bitcoiners are like, yo, how
• 33:35
  could you not? They'll all in on Bitcoin.
• 33:36
  It's it's like where we're going is going to be insane.
• 33:41
  It's because math only worked on, you know, us out here.
• 33:44
  Like if there was a better way of orange peeling people up to
• 33:49
  this point, then we would have way higher Bitcoin adoption.
• 33:52
  But the math and the logic and just like a full thought out
• 33:57
  logical response of why you should be a Bitcoiner doesn't
• 34:00
  seem to resonate with a lot of people.
• 34:02
  And therefore it's the emotional connection that people need,
• 34:07
  which is basically just seeing the price start ripping.
• 34:09
  So once the price starts ripping, I think we can get back
• 34:13
  here and be like, yeah, here's the math behind this.
• 34:15
  And This is why it's going. I mean, personally, when I got
• 34:18
  into Bitcoin, I, I didn't know any of this stuff.
• 34:21
  I just saw the, the price run and I'm, I was just thinking, I
• 34:24
  need to go all in on this. And then after the fact, I
• 34:26
  learned all this stuff and you're like, oh, This is why I
• 34:29
  felt the way that I felt. I think a lot of people are
• 34:32
  going to follow that same playbook where they're just
• 34:35
  going to FOMO into the price running and then after the fact,
• 34:38
  they'll be able to consciously logically explain their
• 34:42
  position. But the math is, I think
• 34:47
  conservative. I, I think a lot of our math is
• 34:49
  conservative. Obviously the time frames there
• 34:51
  is where we don't know where it's going to play out.
• 34:53
  But hey, as much as everyone doesn't like the $1,000,000
• 34:57
  quote UN quote click bait titles, it is going there.
• 35:00
  It is an inevitability, as I would like to argue, but hey, we
• 35:04
  still got a lot of work to do. Absolutely.
• 35:06
  I also do want to give a shout out to the Rumble audience.
• 35:09
  Rumble overtook YouTube for just a little bit over 600 live
• 35:14
  viewers on Rumble alone. So shout out to the Rumble
• 35:17
  audience. Absolutely love you guys.
• 35:19
  Anyways, before we move on to the news segment, we have tons
• 35:22
  to cover today. I do want to give a shout out to
• 35:26
  our merch. It's back in stock.
• 35:29
  We underestimated how much we should have bought more in the
• 35:34
  initial from the initial batch because this thing sold out so
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  quickly. But yeah, get get your simply
• 35:41
  Bitcoin merch while supplies last guys, the hoodie is a fan
• 35:45
  favorite. It's incredibly comfortable.
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  Guys, this isn't drop ship. We we buy the inventory
• 35:51
  beforehand. This is extremely high quality
• 35:55
  material. This is the type of hoodie that
• 35:57
  you'll wear everyday type of thing until your wife or
• 36:00
  girlfriend's like you got to watch wash it and then you're
• 36:02
  like, no, I don't want to wash it because then it's not going
• 36:04
  to be as comfortable. It's like that type of hoodie,
• 36:07
  right? And of course, the black shirt I
• 36:09
  love to wear the white shirt is really good.
• 36:11
  The cream shirt better said, and then of course, the hats.
• 36:15
  So head over to to simplybitcoin.com.
• 36:17
  Go to go to the merch tab. And if you guys want to support
• 36:21
  the show, check out our latest merch.
• 36:23
  Anyways, guys, let's get to the new segment.
• 36:26
  We have tons to talk about. We're going to be right back in
• 36:28
  just a second. I want to give a shout out to
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  our sponsor Casa. Casa makes self custody easy and
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• 39:21
  Alright everybody. So let's talk about Michael
• 39:25
  Saylor's just got to stop, man. Like he's buying all the Bitcoin
• 39:30
  just like we're stacking kernels of corn.
• 39:33
  He's stacking fields of corn. This is this is this is crazy.
• 39:38
  Obviously, taking advantage of the capital markets, taking
• 39:43
  advantage of cheap debt of cheap debt to continue his strategy.
• 39:47
  I mean, it's in the company's name is in what he's doing
• 39:52
  strategy, right? And it's no longer micro
• 39:54
  strategy. It's the strategy and it's the
• 39:57
  Bitcoin strategy. So Michael Saylor strategy adds
• 40:00
  1895 Bitcoin, bringing company stack to 555,450 BTC, right?
• 40:11
  That is a ridiculous amount of Bitcoin.
• 40:13
  I'm going to ask this question to Opti Opti.
• 40:16
  You think Michael Saylor will reach 1,000,000 Bitcoin?
• 40:21
  It looks like he's on that path. Yeah, you think, you think, you
• 40:25
  think you'll be able to do it before number go up.
• 40:29
  I mean, I don't know, is he buying Ious?
• 40:33
  Is this paper Bitcoin? You know, on paper it sounds
• 40:35
  like yes, he will get to 1,000,000.
• 40:38
  So Zach XBT, which is like kind of like this like chain analysis
• 40:42
  person on on X and he's like super famous.
• 40:45
  And he did like kind of like this analysis, like breaking it
• 40:48
  down and seeing like if Coinbase actually held those coins.
• 40:53
  And apparently they do. Apparently they are accounted
• 40:55
  for. Yeah, checkmate.
• 40:56
  He's been saying something very, very similar as well.
• 41:00
  So I'm just saying he's buying so much coin.
• 41:03
  Like why is it the price ripping I guess?
• 41:05
  No, I mean. I don't have much coin.
• 41:07
  What's going on? Here I also, I also posted that
• 41:11
  I'm so used to saying I tweeted that I also posted that this
• 41:14
  morning. I said like what the like,
• 41:16
  what's going on here? Like, you know, again, this is
• 41:20
  the most bullish cycle from a news perspective, but from a
• 41:24
  price action perspective, you know, you're, you're hearing
• 41:27
  Michael say, look, he's buying more Bitcoin then the daily mind
• 41:31
  supply. Like why isn't the price going
• 41:34
  up now? I keep hearing that it the
• 41:36
  reason that the price isn't going up is because you have a
• 41:39
  lot of Ogs that we're buying at $100 or $1000 and you know,
• 41:45
  they're like they're just they're cashing in because they
• 41:48
  got great returns. I don't know how much I believe
• 41:50
  that, but anyways, I do want to give a shout out to the live
• 41:53
  stream. We're on the verge of breaking
• 41:54
  3000 live viewers. If you guys are enjoying the
• 41:57
  show so far, make sure to smash that like button and of course,
• 42:01
  shout out to the Rumble audience today. 600 live viewers on
• 42:05
  Rumble. We peaked.
• 42:06
  We're currently at 443 live viewers on Rumble, so shout out
• 42:11
  to you guys and of course shout out to the YouTube audience and
• 42:13
  the EX audience as well. Smash the like button if you
• 42:16
  guys are enjoying today's show. Anyways, I have a video for you
• 42:20
  guys which I find quite interesting that I think is
• 42:23
  applicable to if you are a Gen. if you're a millennial or if you
• 42:29
  are a zoomer. I think a lot of the questions
• 42:32
  that you might have are, hey, you know, why is housing so
• 42:36
  expensive? Like, why can't I?
• 42:38
  Why am I not able to afford a home the way that my parents
• 42:42
  were able to or the way that my grandparents were able to?
• 42:45
  And actually, Michael Saylor has an explanation of this.
• 42:49
  And shout out of course to the Coin Stories podcast hosted by
• 42:53
  the talented Natalie Burnell. And I think she was the one that
• 42:56
  asked Michael Saylor question. Let's check it out.
• 43:00
  I know wealthy people. They own 16 estates on the
• 43:04
  Eastern Shore and they live in two of them.
• 43:08
  Like why do they buy them? They land banking.
• 43:11
  What does that mean? Well, the guy makes a lot of
• 43:13
  money every year and he and he doesn't want to put it in a
• 43:16
  savings account. So he goes and he just buys a
• 43:18
  cool piece of property and he buys another one.
• 43:22
  Well, OK, it sounds good, but here's the problem.
• 43:25
  The guy buys up the beautiful pieces of property and you so
• 43:28
  you can't afford it. And if the guy, if the rich guy
• 43:32
  wasn't buying up all the beautiful houses, they would
• 43:34
  cost half as much and you could live in a beautiful house.
• 43:37
  So here's what happens. Some rich dude has 27 houses
• 43:41
  that are empty. You don't have a beautiful
• 43:44
  house. You have a family.
• 43:47
  Your kids, your dog could use the beautiful house.
• 43:50
  The rich dude doesn't even want the house.
• 43:52
  He just wants a long term capital preservation strategy,
• 43:58
  Right. And so that's a prefer a
• 44:00
  perverse incentive and a distorted economy.
• 44:05
  That's broken, that's broken money.
• 44:08
  That's because the rich dude is using an estate on the Eastern
• 44:12
  Shore of Maryland as a Piggy Bank.
• 44:15
  Huh. The estate doesn't get
• 44:17
  renovated. The house is falling down,
• 44:20
  there's a beautiful pool on the water, and you could have a
• 44:23
  great family picnic there every Sunday.
• 44:26
  But it's not going to happen because the rich dude has 16
• 44:29
  other houses. He just bought that house
• 44:31
  because he thought it was. So this is absolutely crazy and
• 44:38
  I'm just kind of kind of connected with the Jesse Myers,
• 44:44
  the Jesse Myers thread. So you guys kind of get an idea.
• 44:51
  So, and this kind of harps into what we've been talking about,
• 44:56
  what I've, I've actually been saying for a long time, which is
• 44:59
  you shouldn't have to invest just to maintain your purchasing
• 45:03
  power that is due to broken money.
• 45:06
  So it's not because it, and again, like the class warfare,
• 45:11
  especially when wealth inequality, you know, is at what
• 45:15
  it is right now and the upward mobility is, is a lot tougher.
• 45:20
  People like to blame the rich, right?
• 45:22
  You had AOC wearing a, you know, a dress basically saying, you
• 45:27
  know, tax the rich. You have, you know, you have
• 45:31
  essentially, you know, this class warfare where you know,
• 45:35
  like when you hear on MSNBC, which is like, yes, Trump is
• 45:39
  just wants to lower the, the taxes for the billionaire class
• 45:42
  and blah, blah, blah, blah, blah, blah, blah.
• 45:44
  Like you keep hearing that over and over and over again, like as
• 45:47
  if that was the solution. No, that's not the solution.
• 45:51
  Like the solution, the, the, the fundamental problem is broken
• 45:57
  money. And when you have broken money,
• 46:00
  you like essentially destroy the incentive structure of society.
• 46:06
  And if you're a rich person, you can't just sit in money because
• 46:13
  you'll lose purchasing power. So what are you forced to do?
• 46:17
  You're forced to buy equities, which make them very expensive
• 46:23
  or you're forced to buy real estate essentially.
• 46:27
  And then you create the situation that Michael Saylor
• 46:29
  was just describing, right? Which is like you have a ultra
• 46:32
  high net worth individual that owns like 5 or 6 properties,
• 46:36
  doesn't use them, but it's just sitting on them.
• 46:40
  And it's a great, it's a great store of value.
• 46:43
  So you can't really blame him for following their own, for
• 46:46
  following their incentives. But what if I told you that you
• 46:51
  no longer had to essentially buy those properties?
• 46:54
  You can just buy Bitcoin, have it in self custody, not have to
• 46:59
  deal with property tax, not have to deal with maintenance, not
• 47:02
  have to deal with tenants, and it actually gives you a better
• 47:05
  return on your investment. What what, what is the long term
• 47:10
  consequence of that? All those rich dudes that are
• 47:13
  holding on to these properties are going to start selling those
• 47:15
  properties for Bitcoin. The price of those properties
• 47:19
  are going to go down and they're going to go closer to their
• 47:23
  utility value. The reason that zoomers and
• 47:26
  millennials can't afford housing these days is because the
• 47:30
  housing market has completely been Frankensteined by broken
• 47:37
  money, by broken money, which causes broken incentives.
• 47:40
  And you can't blame rich people. You can't blame capitalism.
• 47:46
  You can blame the money, and this is if you fix the money,
• 47:49
  you fix the world. Now here's the good news, right?
• 47:52
  Because you don't have to wait until you know, essentially
• 47:56
  Bitcoin demonetizes real estate. You can start feeling this
• 48:04
  benefit now if you start living on a Bitcoin standard, if you've
• 48:07
  been living on a Bitcoin standard real estate, right?
• 48:11
  I think Opti, we have a, we have a good picture on the simply
• 48:13
  Bitcoin X account, right, of the, of the housing and, and on
• 48:17
  the car and all that stuff. If you've been saving on a
• 48:19
  Bitcoin standard, life is already deflationary.
• 48:23
  And I actually had a really good conversation with Jeff Booth and
• 48:28
  Jeff is like already like kind of living in the future.
• 48:31
  And he's, he's been making the case that essentially because of
• 48:35
  technological advancements, because of productivity
• 48:38
  advancements, life should be getting cheaper, not more
• 48:43
  expensive. But because essentially the
• 48:46
  money is stealing from everyone, it's being misallocated via
• 48:51
  inflation, via currency debasement.
• 48:54
  Nobody feels it. Essentially, the wealth gets
• 48:56
  centralized. The wealth gets, you know,
• 48:59
  allocated to a small few while everybody else essentially
• 49:03
  suffers. So Bitcoin really does fix this
• 49:07
  problem and you don't have to wait for a politician or you
• 49:10
  don't have to wait a decade in order to start feeling the
• 49:14
  benefits. If you start saving and earning
• 49:17
  in Bitcoin and just putting a percentage in Bitcoin, put it in
• 49:21
  self custody. Wait four years, wait eight
• 49:24
  years. I mean, we, we, we went, we did
• 49:27
  the price speculation in the beginning of the show, right?
• 49:30
  Like $13 million per coin. So like with .1 Bitcoin, right?
• 49:36
  She's like roughly 10 GS today. You get like $1,000,000, right?
• 49:41
  Like, I don't know what $1,000,000 will get you in the
• 49:43
  year 2045, but you know, like, like, yeah, I mean it.
• 49:48
  It's pretty crazy. So anyhow, I absolutely loved
• 49:52
  that you know that rant from Michael Saylor and of course,
• 49:58
  Natalie doing an incredible job with the interview.
• 50:00
  But anyways, I do want to give a shout out to the live stream.
• 50:03
  We just broke 3000 live viewers between YouTube and X Appreciate
• 50:09
  all you love. You guys appreciate it.
• 50:10
  Smash the like button if you guys are enjoying the show and I
• 50:13
  do want to give a shout out to, of course, Rumble 428 live
• 50:17
  viewers on rumble. Anyways, guys, Opti, what's your
• 50:21
  take on all this brother? Because we are part of the
• 50:23
  millennial generation. We are part of the Gen.
• 50:26
  Z Opti is a millennial, but he's a Gen.
• 50:29
  Z, uh, at heart. No cap, I I'm sorry, I'm I'm
• 50:36
  trying to find this. I can only find one of them.
• 50:39
  I can't find the house one, but it it was on a Twitter
• 50:42
  somewhere. But here's here's the car one
• 50:45
  memes guys, look, you guys get a meme all right, so quit yelling
• 50:48
  at me. You got your meme fill for the
• 50:49
  week. I was trying to find the the
• 50:51
  house one on our Twitter but I can't find it.
• 50:53
  Anyways, I'm, maybe it's just where I am in my life right now.
• 50:59
  Obviously, as someone that's a millennial and really didn't
• 51:03
  take its finances very seriously up until, you know, like my mid
• 51:07
  20s. Maybe I'm not the best one to
• 51:09
  speak about this. But it does seem like a general
• 51:13
  trend going around that a lot of millennials are complaining
• 51:15
  about the fact that they will never be be able to achieve the
• 51:18
  American dream of a white picket fence and a family, etcetera,
• 51:20
  etcetera, because things are too expensive.
• 51:23
  And like I said, maybe it's just where I am at currently in my
• 51:25
  life. I don't even want a house right
• 51:28
  now. I, I'm kind of cool with being,
• 51:31
  you know, much more flexible and being able to go and, you know,
• 51:35
  not be basically stuck in one jurisdiction or rather in one
• 51:38
  city. And I'm just trying to acquire
• 51:41
  as much Bitcoin as possible. But I know I'm kind of the
• 51:43
  exception here to the rule. But it is kind of the growing
• 51:47
  case that the, the millennials and the Gen.
• 51:50
  Z ers and whatever's out for them, I think they're alpha and
• 51:53
  beta or whatever, whatever the new generation names are, we are
• 51:57
  statistically, you know, the poorest generations ever.
• 51:59
  And This is why a lot of times on the show, I am a little
• 52:03
  critical of the boomers here. You know, they're like the worst
• 52:07
  generation ever because they just stripped all the wealth
• 52:10
  away from everyone so that they can live a lavish life.
• 52:12
  Now, of course, it's not all of the boomers.
• 52:14
  There's some cool Bitcoin boomers.
• 52:15
  We love you guys, but personally I'm not, I, I don't really, I
• 52:20
  don't really like this moral ethical debate or argument
• 52:24
  around people owning homes. Just like, Hey, if you have
• 52:26
  enough money to buy multiple homes, like more power to you.
• 52:29
  I'm, I'm all for if you have wealth to, you know, have
• 52:32
  multiple homes. I, I think that's, I think
• 52:34
  that's OK. I'm not, I'm not like a, a lefty
• 52:36
  AOC type. That's like, Oh, rich people
• 52:38
  shouldn't own multiple homes. I'm like, hey, if you have, if
• 52:40
  you have the means, by all mean buy multiple homes, though.
• 52:44
  I think the main point here is what was saying in regards to
• 52:49
  people using homes as a store of value.
• 52:51
  And this really goes to the the heart of the debate here is we
• 52:55
  don't have a good money. And as we always talk about,
• 52:58
  everyone is now forced to become investors to just survive in the
• 53:02
  current world that we're living in.
• 53:03
  And as Bitcoiners like to say, as the meme goes, to fix the
• 53:07
  money, fix the world, as people start to wake up to this idea
• 53:10
  that hey, I don't have to store my wealth in a bunch of land or
• 53:14
  houses. All I really need to do is
• 53:16
  understand Bitcoin and savings Bitcoin and I get outsized
• 53:19
  returns on this. Then yes, the premium on houses
• 53:22
  or you know, the, the use case of, of buying houses as a means
• 53:27
  to store your wealth will start to deplete and the housing
• 53:30
  market will be go back to basically like its utility
• 53:33
  value. And obviously that's not going
• 53:35
  to play out overnight. It's probably going to be a 510
• 53:38
  year journey here. But I, I think the point remains
• 53:42
  the same is a lot of people, a lot of really wealthy people
• 53:45
  and, and we know the statistics too, of even 4 nations using
• 53:49
  American real estate to store their value.
• 53:51
  So it's not just an American phenomenon, it's, it's a global
• 53:53
  phenomenon. Everyone uses basically real
• 53:55
  estate to store their value is because we don't have a good way
• 53:58
  of storing your value. And of course, this is all
• 54:01
  caused by Fiat currencies. And This is why we're Bitcoiners
• 54:04
  in the 1st place. And This is why I think at this
• 54:06
  point in my life, I just think of, Hey, I don't need a house.
• 54:09
  Like I can rent, you know, obviously I'm paying off
• 54:11
  someone's mortgage, but it's, it's working for me.
• 54:14
  I pay off someone's mortgage, I can live my life.
• 54:17
  How I want to and hopefully, you know, when I, when I really do
• 54:20
  want to settle down, I'll, I'll be able to buy myself a house
• 54:24
  and really live the American dream on the Bitcoin standard.
• 54:27
  I I know people have an issue with saying the Bitcoin
• 54:30
  standard, but living off your Bitcoin I think is where we're
• 54:33
  going and more people are waking up to yeah, yeah, yeah.
• 54:40
  Mexican, Mexican hotter. I totally, totally did admit
• 54:43
  this, that yes, I probably should have made better
• 54:46
  decisions in my 20s, but hey, you know, there's still time for
• 54:49
  that. You know, I'm, I'm, I'm doing
• 54:51
  pretty well for myself. I'm not, I'm not like here
• 54:55
  saying that we should eat the rich or whatever they're saying.
• 54:58
  I'm like, hey man, if you're wealthy, by all means do what
• 55:00
  you want with your money 'cause that's what I believe.
• 55:03
  Like you can't tell me what to do with my money.
• 55:05
  But but it's the it's the, it's the incentive structure that's
• 55:08
  broken, right? And like, I think this is where
• 55:10
  like AOC, you know, gets it wrong where she's like basically
• 55:14
  like tax the rich. This is solution.
• 55:16
  Oh, there's this like really popular content creator, I
• 55:21
  forget what his name, but he's like going viral on on he's like
• 55:25
  a traitor, like British guy and he's like look like, you know,
• 55:29
  like the solution. I can't boy bro.
• 55:31
  What's the Gary Stevenson? Dude, like he's great at making
• 55:35
  content. Like I'm not going to lie, he's
• 55:37
  good at making content. You look at his videos, you're
• 55:39
  going to I completely disagree with him.
• 55:41
  Look, this is the this is the and again, there's politicians
• 55:45
  that make a living out of this. The problem is the money, the
• 55:50
  look, the number one cause of wealth inequality isn't
• 55:55
  corporations or rich people buying houses.
• 55:58
  The number one cause of wealth inequality is currency
• 56:02
  debasement, which essentially steals the ability for people to
• 56:08
  move up the social ladder. That's that it's, it's as simple
• 56:12
  as that. It makes it incredibly
• 56:14
  difficult. And I'll, and I'll break it down
• 56:16
  as to why it's very, very simple.
• 56:19
  If you, most people live paycheck to paycheck, right?
• 56:22
  So you make your money, you put some of that into rent, you put
• 56:27
  some of that into expenses, whatever.
• 56:29
  And you have a little bit leftover, right?
• 56:31
  Most people leave that in cash. If you have a little bit of, of
• 56:34
  savings, maybe you put into Bitcoin.
• 56:37
  If you're very wealthy, you put that excess capital into assets.
• 56:41
  So you put it into real estate, you put into Bitcoin, you put it
• 56:45
  into equities. And here's the thing, here's
• 56:47
  where the game is rigged. When they print money, the price
• 56:51
  of assets go up. And it's not because they're
• 56:54
  they're the value of them goes up.
• 56:57
  It's just Fiat is dwarfing the whole thing, right?
• 57:02
  So like it, it literally steals your ability to save into the
• 57:06
  future. The number one destroyer of the
• 57:09
  middle class has not been any of the reasons they've told you.
• 57:14
  The number one destroyer of the middle class has been currency
• 57:18
  debasement has been inflation has been broken money.
• 57:24
  That's the number one destroyer of the middle class.
• 57:28
  Look at the website What the F happened in 1971 and you tell me
• 57:32
  if that's a coincidence bro. Anyways, Bitcoin saves fixes
• 57:36
  this. You don't have to wait for an
• 57:38
  election or a politician. You can start, you know you can
• 57:42
  start living a deflationary life today.
• 57:46
  All you got to do is save and earn and Bitcoin.
• 57:48
  Anyways, before we move on to the culture segment, I do want
• 57:52
  to give a shout out to everybody watching the show. 653 people
• 57:56
  watching live on YouTube, 2500 people watching live on X, and
• 58:01
  400 people watching live on Rumble.
• 58:04
  If you guys are enjoying today's show, make sure to smash that
• 58:07
  like button. I'm going to shamelessly plug
• 58:11
  our merch again. Guys, if you really want to
• 58:13
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• 58:16
  It's absolutely awesome. It's very comfy.
• 58:19
  He wears it every single day. He's wearing the hat right now.
• 58:21
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• 58:23
  It looks fresh, it's clean, it's high quality.
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• 58:29
  first. But if you do, if you feel so
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  inclined, get yourself a Simply Bitcoin hoodie while supplies
• 58:35
  last. And it's perfectly priced at $69
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  and the T-shirt at $42.00, right?
• 58:42
  All coincidences. Anyways, guys, we're going to
• 58:44
  move on to the next segment. Let's hit the culture segment.
• 58:47
  We have tons to talk about. I don't even know what Opti has
• 58:49
  prepared. Let's check it out.
• 58:51
  Here we go. I want to give a shout out to
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  Dot IO today. All right, guys.
• 1:00:55
  Well, I did today's culture in a specific way, so I didn't give
• 1:01:00
  my sources away to Nikka so he didn't steal it for the rest of
• 1:01:03
  the show. No, I'm kind of jolly.
• 1:01:05
  I'm kind of jolly. Hi everybody.
• 1:01:08
  Today's culture is. Dude, range rating Nico is like
• 1:01:14
  the easiest thing to do ever. It's so fun.
• 1:01:16
  All right, so I don't know if you guys heard, but Warren
• 1:01:20
  Buffett, AKA the Oracle from Omaha is stepping down from
• 1:01:24
  Berkshire Hathaway, literally one of the most profitable
• 1:01:27
  investment houses. Probably, you know, the last, I
• 1:01:31
  don't know, many decades. You know, he's he's he's older
• 1:01:36
  than time, but that that's how we're covering.
• 1:01:39
  He did this great clip here. And if you guys remember Warren
• 1:01:43
  Buffett and Charlie Munger, they're very famous for being
• 1:01:45
  anti Bitcoin, but I find it very interesting that we get this
• 1:01:49
  clip coming out from him and he's literally pinpointing the
• 1:01:52
  exact problem that US bitcoiners talk about, but he will never
• 1:01:56
  get to the point of actually embracing Bitcoin.
• 1:01:59
  So you do have to kind of read between the lines here.
• 1:02:02
  But hey, he, he sees the problem, but he will never
• 1:02:06
  embrace and talk about Bitcoin. So, you know, bear with me here
• 1:02:09
  because it, it is like he, you can tell he's, he's getting
• 1:02:12
  older, his speech is getting worse and but the the signal
• 1:02:15
  remains the same. So here we go.
• 1:02:17
  One of the most profitable investors over the last many
• 1:02:20
  decades is literally. He had he had a 20.
• 1:02:23
  He had a 29% CAGAR over his investing career.
• 1:02:27
  Yeah. How long?
• 1:02:28
  Yeah, How long has let's let's do this.
• 1:02:30
  Quickly 9 effing percent bro. This guy is an absolute whatever
• 1:02:35
  he feels about Bitcoin Look, look, look, check this out check
• 1:02:39
  this out. Warren Buffett's return tally
• 1:02:41
  after 60 years 6. Decades. 5,000,502 percent.
• 1:02:49
  5,500,000%, 5,500,000% This guy knows what he, I mean, listen,
• 1:02:56
  look, you can appreciate and, and he's 94 years old, you could
• 1:03:00
  appreciate, you know, like obviously what he's done.
• 1:03:04
  But what I will say is this, like this is a contillionaire,
• 1:03:10
  Like this is someone who's benefited.
• 1:03:12
  I'm serious like this. Is.
• 1:03:14
  Who's benefited from the system itself?
• 1:03:17
  I think Opti, what you're trying to say is that in the video he
• 1:03:20
  he says that. Yes, he he literally exposed his
• 1:03:22
  game. So let me just play this and I'm
• 1:03:24
  I might stop it. That's why I didn't pull it up
• 1:03:25
  as a clip because there's some points that are kind of hit, but
• 1:03:27
  let let's just hear. And obviously we wouldn't want
• 1:03:29
  to be owning anything that we thought was in a currency that
• 1:03:34
  was really going to help. And that's the big thing they
• 1:03:38
  worry about with the United States currency.
• 1:03:40
  I mean, it's the the tendency of a government to want to debase
• 1:03:50
  its currency over time is there's no system that beats
• 1:03:54
  that. You can pick dictators, you can
• 1:03:56
  pick representatives, you can do anything.
• 1:03:58
  But but the people there, there will be a a push toward weaker
• 1:04:07
  currencies. And of course, that is I
• 1:04:10
  mentioned very briefly in the annual report that the the
• 1:04:13
  fiscal policy is what scares me in the United States because
• 1:04:18
  it's it's made the way it is and and all the motivations are
• 1:04:26
  doing a lot of things that will cause can cause trouble with.
• 1:04:33
  OK, before I move on, what Nico and I were just saying in the
• 1:04:37
  beginning, it's the incentive of the Fiat system to manipulate
• 1:04:41
  and debase the currency. It's almost like it's their job
• 1:04:43
  to do this. So it's not who controls the
• 1:04:46
  money supply. It's not that we need to get
• 1:04:47
  better people to control the money supply.
• 1:04:50
  They're literally incentivized to continue to debase the
• 1:04:52
  currency. And he, you know, started this
• 1:04:54
  off by saying my whole main investing thesis was basically,
• 1:04:58
  don't hold a currency that's going to be worse than the US
• 1:05:01
  dollar, OK. But US bit corners are the crazy
• 1:05:03
  ones. All right?
• 1:05:04
  The real kicker is at the end of this.
• 1:05:06
  With money. But that's not limited to the
• 1:05:08
  United States. It's all over the world and some
• 1:05:12
  places it gets out of control regularly, as I know.
• 1:05:16
  They know, they know, know they, they devalue at rates that are
• 1:05:24
  breathtaking. And that's, that's continued.
• 1:05:27
  I mean, people can study economics and you can have all
• 1:05:30
  kinds of arrangements, but in the end, if you've got people
• 1:05:35
  that control the currency, you can, you can issue paper money
• 1:05:44
  and you will, or you can engage in clipping currencies like they
• 1:05:50
  just do centuries ago. Or there will always be people.
• 1:05:57
  It's the nature of their job. I don't, I don't, I'm not
• 1:06:01
  singing them out as particularly evil or anything like that.
• 1:06:04
  But the natural course of government is to is to make the
• 1:06:10
  currency worth less over time and and there's got important
• 1:06:16
  consequences and it's very hard to build shunks and balances
• 1:06:20
  into the system to keep that from happening.
• 1:06:24
  Literally saying everything we've been saying as a
• 1:06:27
  Bitcoiner, which is interesting because he's been saying Bitcoin
• 1:06:31
  is rat poison squared forever. And now on his way out, he's
• 1:06:34
  basically like, yeah, it's the government's job to devalue the
• 1:06:38
  currencies. I wouldn't hold any currencies,
• 1:06:40
  you know, maybe find alternative currencies if that was possible.
• 1:06:43
  Obviously in this term, in this context, he was probably talking
• 1:06:46
  about like Fiat currencies, even though he exposed that
• 1:06:48
  everything's worse than the dollar.
• 1:06:49
  But this is literally why we're bitcoiners.
• 1:06:52
  Like Warren Buffett knows the game.
• 1:06:54
  What was his return to Nico 5,000,000 / 60 years?
• 1:06:57
  5,000,500. 29% kegger. Like if this doesn't expose the
• 1:07:02
  game on his way out of leaving Berkshire Hathaway, I don't know
• 1:07:06
  what does. This is literally the game.
• 1:07:08
  This is the game that everyone knows is happening.
• 1:07:10
  But it's just like, what do we, what do we say?
• 1:07:12
  This is saying the quiet parts out loud.
• 1:07:15
  I don't know what more you need to hear from someone that's has
• 1:07:17
  literally benefited from this position.
• 1:07:19
  Also, let's not forget Berkshire Hathaway has like the biggest
• 1:07:23
  cash holdings right now, right before the stock markets and
• 1:07:26
  bonds started, you know, imploding.
• 1:07:28
  They're just like, yeah, we're going to hold cash here.
• 1:07:30
  To me, reading between the lines, he's basically make
• 1:07:33
  making our Bitcoin thesis or hypothesis or our Bitcoin chill
• 1:07:37
  for us. But he will never embrace
• 1:07:39
  Bitcoin. But hey, you know, I can't
• 1:07:41
  really blame him. He's 94%.
• 1:07:43
  He's made his, you know, he's made his bag.
• 1:07:45
  But this to me, it just completely blows the lid off the
• 1:07:49
  Fiat games. And This is why we're
• 1:07:50
  Bitcoiners. So shouts out to Warren Buffett
• 1:07:52
  on his way out. Just laying the game very plain
• 1:07:55
  for everyone to hear. This is great.
• 1:07:57
  This is I love to see this. Dude, like, I mean the symbolism
• 1:08:04
  there. His last like essentially speech
• 1:08:09
  before he steps down is admitting that government's
• 1:08:16
  natural tendency is to inflate the currency.
• 1:08:21
  He stops himself from calling it evil, but he wouldn't have that
• 1:08:27
  thought if he didn't fundamentally understand that
• 1:08:33
  just because the intention is not evil doesn't mean that the
• 1:08:37
  outcome isn't evil and the outcome is theft.
• 1:08:44
  It's theft. That's what it is.
• 1:08:47
  It's theft. There's no other way to frame
• 1:08:50
  it. There's no other way to describe
• 1:08:52
  it. Inflation and currency
• 1:08:54
  debasement. I'm getting chills when I'm
• 1:08:56
  saying this is theft. It's theft.
• 1:09:01
  Is it like, you know, you say taxes are theft.
• 1:09:05
  There's a social contract there. Like people agreed, I don't know
• 1:09:09
  why, but people agreed. They say, OK, income tax is a
• 1:09:12
  good idea. Like it's law.
• 1:09:15
  You might disagree, but people agreed on this.
• 1:09:19
  People never agreed on the money tax.
• 1:09:23
  And the money tax is 100 times more harmful than income tax.
• 1:09:30
  Because it's insidious. You don't, you don't see it.
• 1:09:35
  And the symbolism there, his last speech, stepping down
• 1:09:42
  $5,500,000, five million, 5,500,000% gain over his 60 year
• 1:09:50
  career. And his last thing he has to say
• 1:09:54
  is, you know, government's nature is to debase the
• 1:09:59
  currency. And it's troubling.
• 1:10:04
  This is why Bitcoin was invented Chancellor on the brink of the
• 1:10:07
  second bailout for banks. And I'm telling you, people like
• 1:10:11
  Warren Buffett look genius. You can't say the man isn't a
• 1:10:14
  genius. You can't say the guy isn't
• 1:10:16
  extremely successful. You can't say any of those
• 1:10:19
  things. He benefited tremendously from
• 1:10:23
  that said system. And now it explains it why he's
• 1:10:27
  calling Bitcoin rat poison squared.
• 1:10:28
  Like it makes total sense now. It's obvious, right?
• 1:10:32
  So anyways, that's crazy dude. That is nuts.
• 1:10:36
  I mean reality is stranger than fiction bro.
• 1:10:39
  Like that is so fitting. That's the first time I saw that
• 1:10:43
  video. I can't believe he said the
• 1:10:45
  quiet part out loud, you know, like it's so symbolic.
• 1:10:49
  On his way out he's literally making the case for Bitcoin,
• 1:10:54
  which is just crazy to me. Anyhow guys, I hope you enjoyed
• 1:10:59
  today's show. That was an amazing culture
• 1:11:01
  segment. Opti had it primed and ready to
• 1:11:03
  go. Before we leave guys, I do want
• 1:11:06
  to tell you about Bitcoin 2025. Guys, this is going to be the
• 1:11:11
  biggest Bitcoin conference of the year.
• 1:11:13
  You guys definitely don't want to miss it.
• 1:11:16
  It's coming up at the end of the month.
• 1:11:19
  You want to get your tickets quickly because the prices do go
• 1:11:21
  up. It's going to be in Las Vegas,
• 1:11:25
  NV and Las Vegas, NV, May 27th through the 29th at the Venetian
• 1:11:32
  Hotel, the world's largest Bitcoin event.
• 1:11:35
  I'm just going to read some of the speakers.
• 1:11:37
  Of course you have Ross Olbrich, you have Michael Saylor.
• 1:11:41
  I think Ross. I think everyone's going to be
• 1:11:42
  very excited to see that one. Michael Saylor, Senator Cynthia
• 1:11:46
  Lummis, David Sachs, the White House AI and Cryptozar Bo Hines.
• 1:11:52
  Of course you have Adam Back, you have Lynn Alden, you have
• 1:11:54
  Jack Maulers, you have the Winklevi twins, you have
• 1:11:57
  Safedeen, you have Paolo, you have Caitlin Long and many, many
• 1:12:02
  more. Of course, Optidye, the whole
• 1:12:03
  simply Bitcoin crew is going to be there.
• 1:12:05
  We're going to have a booth in the kind of media place and
• 1:12:08
  we're going to try to be doing a show from there or record some
• 1:12:11
  content. We'll we'll see.
• 1:12:12
  We'll cross that bridge when we get there.
• 1:12:14
  So guys, you definitely don't want to miss this.
• 1:12:16
  This is going to be an amazing event in Las Vegas, NV.
• 1:12:20
  The Venetian Hotel use promo code simply you got 10% off your
• 1:12:25
  tickets and we hope to see you guys in Las Vegas at the end of
• 1:12:29
  the month. Until then guys, I hope you guys
• 1:12:32
  enjoyed Monday's simply Bitcoin episode.
• 1:12:35
  I'm your host Nico as my legendary Co host Optimus Fields
• 1:12:37
  smash the like button. Consider subscribing if you feel
• 1:12:40
  like we provided you value. Go outside, touch some grass,
• 1:12:43
  eat some steak, get some sun, and we'll see you tomorrow for a
• 1:12:45
  brand new episode of Simply Bitcoin Live.
• 1:12:49
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• 1:12:52
  Bitcoin only platform on a mission to enable financial
• 1:12:55
  independence.