Latest / Simply Bitcoin / 5th Largest Company to Follow Microstrategy Bitcoin? | EP 1135

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5th Largest Company to Follow Microstrategy Bitcoin? | EP 1135 · Simply Bitcoin

0:00
Yo, the 5th largest company in the world with a whopping market
0:05
cap of $2.3 trillion is now being forced to investigate
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Bitcoin to potentially put it on its balance sheet.
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Of course, this is coming a couple weeks after Microsoft was
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put in a very similar position. Why is all of this happening?
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Of course it's happening because of MicroStrategy.
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MicroStrategy is performing all of the S&P 500.
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So this is the game theory. This is incentives playing out
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in real time. But I also don't think we should
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be surprised on who this company is.
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And of course, I'm talking about Amazon.
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Yeah, that's right. Amazon news broke that Amazon is
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investigating whether they should or should not put Bitcoin
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on their balance sheet. But it's not surprising because
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there was news that came out recently that Jeff Bezos's wife
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celebrated, created her birthday on Michael Saylor's yacht.
1:03
You got that right, right? Anyways, has the CEO of Amazon,
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the sick, the second richest man in the world, have have has he
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been quietly planning this for a while?
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Because after all, he's been selling a ton of stock.
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We know he's been hanging out with Saylor.
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We have the Microsoft news coming out a couple weeks ago.
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We have the Microsoft vote coming up tomorrow.
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I mean, all the dominoes seem like they're coming into place.
1:31
They're falling into place. This is extremely exciting, at
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least from a price perspective. Anyways, I'm joined on today's
1:38
show by my legendary Co host, the Always optimistic Optimist
1:42
Fields. All right, ladies and gentlemen,
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let's jump straight into the news.
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No more delay. So what am I talking about?
1:49
Check out this Yahoo Finance article originally dropped by
1:54
Coindesk Amazon shareholders push for minimum 5% Bitcoin
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allocation. Now what's really interesting
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about this everybody is we had a very similar story with
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Microsoft. It wasn't the C-Suite, it wasn't
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the executive team that was pushing for this.
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It was the shareholders. This is something that I we
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predicted this was inevitably going to happen.
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Why is that? Because Amazon is an amazing
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company. Microsoft, you can make a case
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that it's amazing company as well and they make a lot of
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money in terms of revenue. But imagine if you're a
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Microsoft or Amazon shareholder and you're taking a look at
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MicroStrategy. I'm not saying MicroStrategy is
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a bad company, but obviously in terms of revenue, Amazon is
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making a lot more money, Microsoft is making a lot more
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money. You're looking at what is
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MicroStrategy doing that we are not doing, and the only
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difference is that MicroStrategy is accumulating large amounts of
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Bitcoin. So let's get to the article.
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Amazon shareholders are urging the company to take a page from
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Microstrategy's playbook by diversifying its reserves into
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Bitcoin to beat inflation and boost shareholder value.
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Quote. Though Bitcoin is currently a
3:10
volatile asset, as Amazon stock has been at times throughout its
3:14
history, corporations have a responsibility.
3:18
Haven't. Oh my God, Opti, we nailed this.
3:21
Corporations have a responsibility to maximize
3:24
shareholder value over the long term as well as the short term.
3:29
Diversifying the balance sheet by including some Bitcoin solves
3:34
this problem without taking on too much volatility.
3:37
It goes on to say, at minimum, Amazon should evaluate the
3:41
benefits of holding some even just 5% of its assets in
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Bitcoin. Bitcoin, the leading
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cryptocurrency by market cap, has surged 134% this year,
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topping the $100,000 mark in a move that has outshined every
3:58
major asset, including gold and the S&P 500.
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That said, shares in Bitcoin holder Micro Strategy has seen
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even more significant gains, more than 500% versus Amazon's
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49% rise. The shareholders proposal
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highlighted MST Rs outperformance along with the
4:20
along with BTC adoption by companies like Tesla and Block,
4:24
while emphasizing that the online real retailer has a
4:29
fiduciary duty to look beyond short term volatility in assets
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like BTC which appreciate more than bonds and add those to it's
4:39
treasury. It goes on to say at the end of
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the third quarter, Amazon had $585 billion in total assets, of
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which 88 billion represented in Cash, Cash equivalents and
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marketable securities, including Treasury notes, foreign
4:57
government and corporate bonds. The asset mix isn't accurately
5:03
protecting the shareholder value, the proposal said.
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And you know what, Opti, I'm calling it, This is exactly what
5:10
simply Bitcoin has been predicting.
5:13
We said this was inevitable. Listen, you can take an
5:17
ideological stance against Bitcoin.
5:19
You could do it, however, eventually, because you are
5:24
beholden to your shareholders as a publicly traded company,
5:28
eventually some of those shareholders are going to say,
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hey, why are you not following in the footsteps of
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MicroStrategy? What's going on here?
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This makes absolutely no sense. Something that we've been
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predicting for a couple weeks now and I think it's something
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that Sailor is betting on as well.
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So let's took, let's take a look at how much cash on hand Amazon
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is holding. So they're holding currently $88
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billion. Now here's the thing, guys, this
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is the crazy part. If you are to take what the US
6:03
government's current inflation numbers are, are predicting, you
6:09
would say that you would say that you would say, whoa, what's
6:15
seems like our the YouTube stream is messed.
6:17
Up. No, no, I think the back end it
6:19
it's live, Nico. Just keep going everyone.
6:21
Yeah, yeah, I'm trying to get them over to the right.
6:23
Just migrate to the right link. Sorry about that everybody.
6:27
But anyways, OK, So what is what is 88 billion?
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So it's $88 billion. What's 2 points?
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You have to multiply that by 2.6%.
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That's the inflation rate. So that's a loss of $2.28
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billion in purchasing power on a yearly basis.
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If they're just holding that, just holding in cash, even if
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they put a percentage, not the entirety of the 88 billion, just
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a percentage of that 88 billion into, into Bitcoin, not only
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will it, it, it make up for that $2.28 billion loss in purchasing
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power, they could actually have a gain just by holding, you
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know, this, this, this excess capital.
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They're just not picking the right asset.
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So this is nuts, $2.28 billion. Now, the reason that companies
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like Amazon or Microsoft don't care about that is because
7:29
they're so profitable. But 2.28 billion is still 2
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point point two, $8 billion. Before MicroStrategy adopted the
7:39
Bitcoin strategy, the Bitcoin playbook, their market cap was
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roughly 1.3 billion, just to kind of give you an idea of how
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much purchasing power is being lost by Amazon just by holding
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cash. And what's really exciting, like
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I was saying in the beginning of the show as well, is Microsoft
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shareholders to decide on Bitcoin investment this week.
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So we're actually going to hear that news, news coming out of
8:05
Microsoft. I believe the vote is going to
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be held on the 10th of 10th of December.
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So tomorrow, I mean, if Bitcoin keeps doing what Bitcoin is
8:15
doing, like again, it, the, the article phrased it the way that
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we've been phrasing it over the last couple of weeks.
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It, it, this is not, you cannot take an ideological stance
8:27
against this. If you are the executive team of
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a public company, your responsibility is for the stock
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to go up. That's like literally what
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you're supposed to do. You're it has to perform.
8:42
So even if you have a negative outlook on Bitcoin, eventually
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you're going to have a shareholder revolt saying, you
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know what, Like why don't you copy that bit, that micro
8:53
strategy strategy Tesla is holding, I think 10,000 Bitcoin
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or so. What are we doing guys?
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What's going on here? We we got to wake the F up,
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right? So yeah, anyways, Opti, what's
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your take on this? Sorry, guys just choked on
9:10
saliva. Yeah.
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I mean, look, I think the the big signal here is what you kind
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of glossed over in the beginning a couple of months ago or I
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think it might have been about a month ago.
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We were all kind of speculating whether Amazon was going to be
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next. We all kind of heard that news
9:29
of Jeff Bezos selling a lot of Amazon stock and obviously he's
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having these conversations with Sailor.
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And I think everyone is starting at least a high net worth
9:38
individuals are starting to get the message, which is if you are
9:41
trying to save in cash or cash equivalents, you are holding
9:45
melting ice cubes. And now that the micro strategy
9:48
strategy has so clearly outperformed everyone else,
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everyone is being forced to bend the knee to Bitcoin.
9:55
And so am I surprised at Amazon or Amazon shareholders are kind
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of looking towards what sailors doing, kind of asking the same
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questions that Microsoft is asking?
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No, not at all. I think this is an
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inevitability. Obviously, I would say, you
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know, pump those numbers up from 5% to a lot more than that.
10:15
But this is definitely going to continue to happen.
10:19
This is the trend that I think we're going going to see
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continue to happen in 2025 is more huge companies, obviously
10:26
the biggest companies in the world are now looking at Bitcoin
10:28
as a legitimate thing to add to their portfolio.
10:32
And obviously this is going to increase number go up, which
10:36
also is going to bring some, you know, some trade-offs to this.
10:39
And and there is a lot of you know, FUD kind of coming around
10:44
right now with the Bitcoin strategic reserve and even
10:47
adding Bitcoin to the portfolios.
10:49
And I'm going to cover that in the in the culture and we'll
10:51
kind of chat about that. But in my surprise, not at all.
10:53
Like, you know, Jeff Bezos, he has arguably one of the best
10:57
companies in the world. Like I'm sure everyone uses
11:00
Amazon. You know, you can hate or love
11:02
Amazon, but they have an incredible product.
11:05
I don't like to go shopping. You know, I order everything off
11:08
Amazon as well. You know, the trade off there,
11:11
like love mom and pop shops. But Amazon is the GOAT right
11:14
now. And so am I surprised that
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they're going to add Bitcoin or at least being forced to add
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Bitcoin? No, we knew that this was going
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to happen. I think another big watershed
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moment would be whether you can actually start to pay with
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Bitcoin on Amazon. Like I think that would be a
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huge, like a very huge news coming out.
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But I think, you know, baby steps first and foremost is
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showing people it's kind of what we recovered last week.
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A lot of people are kind of latching on to this idea that
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Bitcoin is just a store of value.
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And obviously this is where we are in the story right now that,
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hey, you know, it is a store of value.
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As we've been covering all year long, it's becoming very clear
11:49
that Bitcoin is the best performing asset in the last 15
11:52
years. And if you want to maintain or
11:55
rather increase your purchasing power, you need to have some
11:57
Bitcoin. And then moving forward, you
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know, the, the Microsoft presentation that Sailor did, if
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you do look at those numbers, you know, if you, if you
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screenshot or rather pause a lot of those screenshots on Sailors
12:12
presentation, 3 minute presentation, remember we were
12:14
trolling. There's like 50 slides in like 3
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minutes and it's just like rapid fire slides.
12:19
But if you look at those slides and you look at the numbers, it,
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it really is kind of a no brainer.
12:24
And I forget the numbers that Saylor was saying in particular,
12:28
but he was basically saying like, hey, if Microsoft wants to
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add $1 trillion to their market cap, they have to adopt Bitcoin.
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And I think, you know, Bezos is kind of looking at the same
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thing. I think Bezos is an innovator.
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He is a leader in the digital world.
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And I think it would be a dumb move if they don't add Bitcoin
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now. You know, Nico and I were kind
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of arguing about that. Not arguing.
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We were, we were kind of debating this in the morning.
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Nico was saying what you say if, if the, if the CEO's don't want
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to get fired, then they have to add Bitcoin to their their
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portfolio. And I was kind of pushing back a
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little bit. I'm like, I don't think we're
13:02
necessarily there yet. I don't think Bitcoin has the
13:05
mindshare right now where it's like every CEO has to put it on
13:09
their balance sheet or else it's obviously like a bad move.
13:12
But we are entering into that era where, hey, if you want to
13:16
maintain your lead, you want to be competitive.
13:18
And remember, we played the clip Friday in regards to the Charles
13:22
Schwab Network playing in that clip where it's saying if you
13:24
want to be competitive, you need to add Bitcoin to your balance
13:27
sheet. And I think this is where we're
13:28
going. Like, I think this is the next
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iteration of Bitcoin maturing and man, like we're here for it.
13:35
Obviously it's a no brainer for us Bitcoiners.
13:37
We're so close to the numbers. This is all we kind of think
13:40
about. It's it's obviously a no
13:42
brainer. But there's still is a lot of
13:43
skepticism coming out from Main Street and Wall Street and you
13:47
know, from all the normies, for lack of better words.
13:49
And it still seems kind of risky.
13:51
On the flip side, we argue you're the opposite.
13:54
It's risky not to own Bitcoin at this point, and I think that
13:57
signal is catching on. So we'll see what happens
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tomorrow with the Microsoft vote.
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I, I don't know if there's Poly market odds on this Nico, but I,
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I don't think they're that high that they're going to add
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Bitcoin to their balance sheet, which kind of, you know, would
14:11
be on trend for Microsoft. You know, I, I kind of argue
14:14
that they're a dinosaur computer company, though I know all
14:17
business companies use Microsoft.
14:19
But hey, we'll see what happens. Business is business, dude.
14:23
Like this, this is what I've been trying to get at these last
14:26
couple of weeks. And I'm so glad that that Yahoo
14:28
article kind of framed it the, the right way.
14:31
Like, listen, you can be a dinosaur company and whatever.
14:35
At the end of the day, capitalism is capitalism.
14:38
Like shareholder value is shareholder value.
14:41
Like the, the, the, you can't get around that.
14:44
Like if your competitor is doing something and it's working for
14:48
them and because it's working for them, the price their, their
14:53
share, the, the price of their shares are, are rising, you are
14:57
now at a competitive disadvantage against them.
15:01
And if you lay out the numbers, it's unexcusable, right?
15:04
So $2.28 billion loss of purchasing power on a yearly
15:11
basis. This isn't even mentioning how
15:13
much cash Apple has, how much cash Berkshire Hathaway has, how
15:17
much cash Google has. And it's just sitting there.
15:21
And now I understand the analogy that Michael Saylor was using
15:25
when he was saying like, listen, this is like sitting on melting
15:28
ice cubes. He is 100% right when he says
15:32
that. And if these companies don't get
15:35
with the program, they're essentially leaving money on the
15:38
table for their shareholders. This is why I believe like,
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look, if you're the CEO of a of a private company, you have a
15:45
lot more you, you can resist that a lot more.
15:48
However, if you're the CEO of a public company, you're beholden
15:53
you, you have a, a fiduciary duty to do good by your
15:57
shareholders. And if your shareholders,
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especially if that percentage of those shareholders starts to
16:03
grow and says, hey, you know what, you guys are messing up by
16:06
not looking at this Bitcoin thing, They're not going to have
16:10
a choice, regardless of how the CEO personally feels about
16:15
Bitcoin or not, right? So I think this is really what
16:18
we're going to start to see over the next four years minimum is
16:22
not only a continuation of the trend of the institution
16:26
adoption of Bitcoin. Also on the nation state level,
16:29
there's news coming out of Bitcoin MENA that more nation
16:34
states are actively mining it, but you're going to start to see
16:37
adoption on a company level as well.
16:41
I think especially the tech companies, they're going to jump
16:44
on this train perhaps not because they want to, but
16:48
because they have to because of the performance of their
16:52
competitors. And we already have one Tesla,
16:55
which is really a tech company over a car company, to be honest
16:59
with you, they already have, they're holding a bag of 10,000
17:03
Bitcoin. I know they sold some of it, but
17:06
they're still holding the vast majority of it.
17:08
Anyways, guys, it's going to be a great show.
17:11
Guys, help us out a little bit today because it seems like the
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streaming software kind of bugged out in the back end on
17:16
YouTube. So I had to create another
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stream. So if you guys are enjoying the
17:20
stream so far, help us get to 100 likes because all those
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likes that were built up before the show that went even live,
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they all just poofed. So just smash that like button
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if you guys are enjoying the show so far and stay tuned
17:33
because we still have a ton of content to cover today we're
17:37
going to be talking about some updates coming out of the
17:39
Bitcoin MENA conference that's happening right now in Abu
17:42
Dhabi. Shout out to our friends at
17:44
Bitcoin Magazine for organizing that.
17:46
Also breaking news as well. It seems like the Bank Secrecy
17:50
Act. Who would have known, who would
17:52
have known, who would have known Bitcoiners would have known.
17:56
It seems like it has been discovered that that was being
17:59
used to surveil and censor, debank certain Americans.
18:04
That's been uncovered as well. And also breaking news, which is
18:08
really interesting. Michael Saylor the the Chad
18:12
Saylor did join Dave Portnoy in his office.
18:15
I believe it's in Miami. And Michael Saylor was just
18:19
giving just laying it out to Dave Portnoy, but the the reason
18:23
as to why he should have exposure to Bitcoin.
18:27
And I think Michael Saylor, you know, just lays it out so
18:31
elegantly in about two minutes or so.
18:33
So guys, we still have a lot of show coming up for you guys, so
18:37
stay tuned. But before we jump into all of
18:41
that, I do want to give a very special shout out to Simply
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Bitcoins lead sponsor. Simply Bitcoin is funded by our
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partners. Our partners are who pays the
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bills. So if you want to support simply
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We just ask you check out our partners and we're very picky on
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Also, guys, smash the like button.
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Help us catch up. I don't know what happened on
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YouTube's end, but it seems like I don't think it was on
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YouTube's end, but it seems like our streaming software kind of
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messed up a little bit, so we had to start a whole other
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stream on YouTube. So forgive us for that.
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Smash the like button so we can catch up to to where we normally
22:52
are at this point in the show. At the time of recording, the
22:55
Bitcoin price is at 97, $1550. Pause the show right now.
23:01
Pause it. Stop what you're doing and take
23:03
advantage of stacking some sats under $100,000.
23:07
You're not going to be able to say that for very long.
23:09
Block height 873,982 sats per dollar, we're above 1000 again,
23:16
sats per dollar 1025. I think I cursed this because I
23:19
tweeted out like Sunday night. I said I cannot believe we're
23:23
able to get that that $1.00 gets you less than 1000 SAT's market
23:30
cap 1.93 trillion Bitcoin pricing gold 36.7 oz Bitcoin
23:37
versus gold market cap 10.45% percentage issued 90.
23:42
Excuse me, 94.25 decline from all time high -5.9% realized
23:50
monetary inflation that can that number continues to go down.
23:54
It's so crazy when me and Opti were covering that, it used to
23:58
be above to it. It's so crazy that even if
24:02
governments managed to get inflation back to that 2%
24:05
number, bitcoins is still lower and it's going to continue to go
24:08
lower the more having's happen, right?
24:11
So it's very, very interesting. Anyway, so the big breaking news
24:15
of today was the Chad sailor went on Dave Portnoy's show.
24:20
It's called Dave Davey day trader global and you know, he
24:25
was just kind of orange peeling Dave Portnoy.
24:28
So it's really, really fascinating, like kind of show.
24:33
I, I recommend watching it if if it's interesting, not so much
24:38
because you've heard you've heard if you guys are tuning
24:40
into simply Bitcoin, you've you've heard these arguments so
24:43
many times. What's really fascinating to me
24:46
is watching Dave Portnoy go through the journey of of the
24:51
Bitcoiner and the journey of a Bitcoiner is you 99% of people.
24:58
And I'm telling you, even the most Maxis of the Maxis, it's
25:02
always the same. You start off shit coining a
25:06
little bit. You're into crypto, yes, perhaps
25:09
you have Bitcoin, but you think Bitcoin is boring and you're
25:12
into Bitcoin and crypto and you have this portfolio of all these
25:15
ults and cryptos and whatever. And look, I'm a libertarian.
25:19
You guys could do whatever you want.
25:20
We don't recommend it. But that was Dave Portnoy's
25:26
experience and and he had a negative experience.
25:29
And This is why we tell you guys, if you guys want a good
25:32
experience in the crypto industry, literally just buy
25:37
Bitcoin, stay humble. Stocks at dollar cost, average
25:41
over a long period of time. Do it for a minimum of one
25:45
cycle, which is 4 years. No one's ever lost money doing
25:48
that. And if you do it for eight
25:49
years, I promise you, you're going to send me a message.
25:52
I get these all the time now because I've been doing this for
25:54
a while. You're going to send me a
25:55
message and you're like, this fundamentally has changed my
25:58
life. I cannot believe it.
26:00
It's really that simple. So the problem is that a lot of
26:03
people want to speculate, they want to gamble a little bit.
26:05
And there's nothing wrong with that If if you're willing to
26:07
lose that money and they kind of get into the crypto world.
26:11
But someone like Dave Portnoy doesn't have the necessity to
26:14
gamble. Why this guy's worth $100
26:16
million. So you don't like, you know, if,
26:19
if, if you're worth less than 100,000, OK, you know, you
26:22
perhaps you're looking for that, you know, 1000X or 100X or 20 or
26:27
30X and you want it in a short amount of time.
26:31
So, you know, there's, perhaps you feel like you have a
26:33
necessity to do that. But if someone's like, you know,
26:37
like Dave Portnoy, he's worth a hundred $100 million.
26:40
Let's say he just takes 1020% of his net worth, puts it into the
26:44
Bitcoin, That's $10 million worth of Bitcoin.
26:46
That's $20 million of Bitcoin. He's going to be a billionaire
26:49
in 10 in 1020 years with with that type of allocation, right?
26:53
So and even if you're not worth that type of money, man, Bitcoin
26:58
is a cheat code. Everything gets progressively
27:01
cheaper over time if you're on a Bitcoin standard.
27:04
So even if and when I wouldn't, I wouldn't say if, even when
27:09
Bitcoin and I've said this and people are so confused, even
27:13
when Bitcoin gets to 100,000 or $1,000,000, I'm going to still
27:18
be buying it. Why?
27:19
Because I don't want to hold dollars.
27:21
Like it, it, it, it's like because it gets to 100,000, like
27:24
all of a sudden you're just like, OK, I'm going to stop.
27:28
They're like what? So I, I'm going to like, think
27:31
about it. Why would you hold dollars?
27:34
It does not make sense, It does not make sense.
27:38
And this is exactly what Saylor was trying to explain to Mr.
27:42
Portnoy. So let's check out the clip.
27:45
Michael showed up about 20 minutes ago and I want to wait.
27:48
Look at the setup we got here. I want what we talked about
27:53
because we have the video of the Winklevoss is telling me Eli Eli
27:58
Musk is going to outer space and raining gold down.
28:01
Confused me. I sold it.
28:04
You just buy buy buy buy 400 something 1000 bitcoins with
28:10
your company and you. So if I want to know where what
28:15
I got wrong about Bitcoin or explain it so I understand it
28:18
finally. Yeah, I think let's talk about
28:21
it in sports metaphors. It's like, first of all, there's
28:24
some games that you can't play. You got to watch.
28:26
And if you just watching the game and the team wins, that
28:30
means your season tickets are going to get more expensive next
28:32
year. But there are other games you
28:35
can play. You go into a casino and you
28:37
play the game, but you know the game's rigged against you.
28:40
There are some games where the house wins, you're not winning,
28:43
and Satoshi created a game that's rigged in favor of the
28:47
individual. Is he a real person?
28:49
Satoshi is a real person, gone but not forgotten.
28:55
Are you? What?
28:55
Do you know who that person is? We're all Satoshi.
28:58
We're all Satoshi now, Dave. OK, right.
29:01
The most important thing to know is that like Prometheus gave us
29:05
fire to warm up, Satoshi gave us a game we can all win, right?
29:09
And Bitcoin is, is that game. It's, you know, that there's
29:14
certain things where like you don't want to be on a network
29:17
where they can censor what you say and they can freeze your
29:20
account. Bitcoin is a monetary network
29:23
where it won't censor where you send your money, it won't freeze
29:27
your account. And it's engineered in such a
29:30
way that on the margin, you're winning the game over time.
29:35
So think of it like, wouldn't it be great if you had a basketball
29:39
team? You had, you know, you had
29:41
LeBron James, you had Michael Jordan and you had the digital
29:44
version of them and they played forever and you could get on the
29:47
court and play with them and when and they're scoring 100
29:50
points and you're scoring 2 points, but you're all getting
29:53
rich together and you're all winning together.
29:56
That's what Bitcoin is like. It's like everybody gets to play
30:00
everywhere in the world I go, there's like a fan called,
30:02
there's hundreds of millions of people that are on team Bitcoin.
30:07
You should join team Bitcoin. You the 100 million fans would,
30:11
would be rooting for you. And the great thing about it is
30:15
you don't just win the game, you get.
30:19
Beautifully, beautifully explained by the way guys, it
30:24
means a lot to us. You helped us catch up to our
30:27
where we usually are without the the little streaming mishap.
30:31
So help us break 200 likes within the 1st 40 minutes of the
30:37
show. Really really appreciate it.
30:39
We just broke 615 live viewers just on YouTube alone.
30:45
Appreciate our rumble audience and of course our X audience as
30:49
well. Guys smash the like button share
30:51
the video. If you guys are enjoying simply
30:53
Bitcoin Live Today on December 19 ninth 2024.
30:58
The best is yet to come. Ladies and gentlemen, we're
31:01
heading into 20252025 is looking out to be this insane year in
31:07
Bitcoin's history. I am getting I'm class of 2016.
31:12
I am getting in hindsight I didn't know this but I am
31:16
getting 2024 is giving me 2016 vibes.
31:21
And what happened in 2017 was Bitcoin pulled mother effing 20X
31:28
from January to December. Now I'm not saying that's the
31:31
same thing that's going to happen.
31:33
I'm a vibes person though. I'm a vibes person and I'm
31:36
feeling the vibes. The institutions, the nation
31:40
states it, it the the companies, the people getting involved, the
31:45
fact that it's becoming mainstream.
31:47
You have popular figures that are dropping Bitcoin by name.
31:51
You have the president of the United States, the most powerful
31:55
country on the face of the planet, wishing Bitcoin happy
32:00
birthday, congratulating Bitcoiners on 100K.
32:03
How could you? And he's not even inaugurated
32:06
yet. Like things are going to get you
32:08
had the you had the crypt, the so-called crypt cryptozar
32:12
appointed, which is I believe his name is Nick Sachs, right?
32:16
Or David Sachs. This guy's like a mega, you
32:19
know, Bitcoin bull, to be fair, crypto bull, but it's still the
32:23
same. We're going to benefit equally.
32:26
Like it is going to be wild, right?
32:29
Bitcoin performed despite getting attacked on a regulatory
32:33
level the last three, the last four years or so.
32:36
So like it, I am so bullish about next year.
32:39
It's going to be insane and you know, you're seeing kind of this
32:43
breakthrough you're seeing sailor get invited to not
32:47
mainstream non Bitcoin related shows, whether it's Charles
32:52
Payne on on fox business, whether it's value tainment
32:56
PBDS, you know, media company podcast, you know, whether it's
33:01
Lex Friedman. It's like it's the, the Bitcoin
33:05
hope optimism, mind virus is spreading to the world.
33:10
And one of the things that I love that Michael Saylor said in
33:14
that clip with Dave Portnoy is in Bitcoin, everyone wins.
33:20
And that is such a foreign concept to most people because
33:25
they're they're used to operating in the Fiat world,
33:28
which is a 0 sum game. Like it's like there's, there's
33:32
a, there's few, there's few winners and the vast majority of
33:37
people are losers in the Fiat system, in the Bitcoin system,
33:41
everyone wins. It's an aligned incentive
33:44
structure system that is foreign to so many people.
33:48
I can't tell you how many conversations I've had with
33:53
higher net worth individuals and they always ask me the same
33:57
question, what's the catch? And I say there is no catch.
34:01
You just stay humble stacks ass. And they're looking at me.
34:03
They're like, wait a second. So you're trying to tell me that
34:07
if I just buy Bitcoin, I put this in self custody and perhaps
34:12
maybe have some exposure to micro strategy, I'm gonna
34:15
outperform like my regular wealth managers advice.
34:20
And I'm like, yeah. And it's very difficult for them
34:23
to believe me on that. But eventually number go up does
34:27
what number go up does best. And it's like, holy shit, this
34:32
kids been telling me to buy bitcoins since $1000.
34:36
Maybe I should have listened by now, you know?
34:39
So anyways, the world's waking up to this.
34:41
I'm so optimistic. Incredible job by Sailor joining
34:45
Dave Portnoy on his show. Again, Dave Portnoy has a
34:49
massive audience. This is Barstool Sports.
34:52
This is mainstream kind of normie land.
34:54
Bitcoin is penetrating into the mainstream consciousness as
34:58
simply Bitcoin has predicted. And I'm telling you, Opti, we
35:01
were talking before the show. You said, Nico, you know, I
35:04
don't think those CE OS are there yet.
35:06
I'm telling you, bro, I think that this is all on an
35:09
accelerated timeline. Why am I saying that?
35:12
Because I said that this Bitcoin wasn't going to be a mainstream
35:15
political issue until 2028. What happened, happened a lot
35:19
faster. I said, you know, this
35:21
institutional adoption isn't going to happen until later like
35:24
20, 20/20/27. It happened a lot faster.
35:27
Again, I think that this thing, it's the, you know, it's, it's
35:31
slowly and then all that once phase, I think the all at once
35:35
phase is beginning to happen. The dam is beginning to to
35:40
break. So, Opti, what's your take on
35:41
all this, brother? Yeah.
35:43
Well, I think you are correct. And then that was kind of our
35:46
contention this morning. Nika, you're like every CEO has
35:51
to have Bitcoin right now. And I'm like, I don't know if
35:53
we're necessarily there yet. And then we agreed like we're
35:56
close. And I think that's kind of the
35:57
point. We are close to that point, that
36:00
tipping point of all the dominoes kind of falling, and I
36:03
think these numbers, or rather these CEOs are all going to fall
36:07
very quickly like they, they have to add Bitcoin to their
36:11
portfolio. They need to be buying some
36:12
Bitcoin, even if it's a small amount of their total net worth.
36:16
It's eventually, or rather rather soon going to get into
36:19
Bitcoin. Now with that being said, I, I,
36:22
I kind of think it's hilarious and I love to see sailor on you
36:26
know, day be day trading global. I, I personally, I, I think they
36:30
point, I know it's hilarious. I respect him as a entrepreneur
36:34
and ACEO of Barstool Sports. I, I, you know, we look over at
36:37
what Barstool Sports is doing and they're doing an incredible
36:40
job of reaching out to the masses and kind of making sports
36:43
a little more entertaining than the stale kind of sports
36:46
broadcasting that we've seen in the past.
36:49
And, you know, watching Dave Portnoy's journey, on the one
36:54
hand, you kind of feel bad for him because like, if he just
36:57
followed the predictable playbook of just stacking stats,
37:00
no matter the price, he would be up, I think, millions by now.
37:04
But he's overcomplicating it too much.
37:06
And he keeps looking at the price.
37:08
And I think it's one of those moments where when you look at
37:10
what Dave Portnoy is doing, if you're a new entrant into the
37:13
Bitcoin space, like you just do the opposite and you just stack
37:17
Bitcoin, continue to stack Bitcoin.
37:19
But I think it's a good kind of, I don't know if thought
37:22
experiment's the right word. It's a good kind of learning
37:25
lesson with Dave Portnoy. And I love seeing sailor come on
37:28
here and basically say exactly what like wine and all of our
37:31
friends have been saying forever.
37:33
It's like we buy tops as historical time stamps.
37:36
We're going to continue to buy Bitcoin.
37:38
We'll buy the top forever because it's going up forever.
37:41
Well, obviously at a certain point it'll probably level off,
37:44
but we're still in like the the adoption curve, S curve adoption
37:48
of Bitcoin kind of taking off the gradually then suddenly
37:51
moment. And so I think it's really it's
37:53
hard for a lot of people, especially when you kind of
37:56
understand what Dave Portnoy is about, or rather what the
37:59
barstool audience is about. They are all kind of gamblers.
38:03
You know, I think some of their biggest, their biggest sponsors
38:06
are gambling sites. So, you know, I understand their
38:09
psychology where they're just kind of want to, you know, make
38:12
some quick day trading and make some profits here and there.
38:16
And it kind of flipped the script.
38:17
Like I was having this conversation with Big Sean the
38:19
other day is like we are up against a culture right now that
38:23
that wants to make quick games. And it's not that sexy to tell
38:27
people that just like saving Bitcoin for the long term and
38:29
trust us, bro, like you're going to win.
38:32
But when you really understand that there is a predictable
38:36
playbook here, like there, if you just follow the steps, you
38:38
will succeed. It might not happen overnight,
38:41
but it happens over, you know, a four year time period or you
38:44
know, eight-year, however long you want to kind of think about
38:47
it. But it's a very simple playbook,
38:49
but it is hard to follow through.
38:51
Like I, I forget who said it, I think it American huddle where
38:54
he said something on the lines of like huddling sounds easy,
38:57
but it's not easy when you go through, you know, the, the
39:00
actual process, like it's not easy riding down, you know,
39:04
7080% drawdowns, you know, going sideways and chop in for two
39:08
years. Like you do start to get
39:11
impatient. I think all bit corners have
39:12
felt that at a certain point until you understand, just like
39:16
the classic meme of like, what is there to sell your Bitcoin
39:18
for? Like you're going to go back to
39:19
dollars. Like, no, that's, that's idiotic
39:21
at this point. And so getting people to kind of
39:24
understand that all you really have to do is just save in
39:26
Bitcoin, like, yeah, you know, if you want to do day trading
39:28
stuff like you can, you can put aside some Fiat to do that.
39:32
And you know, like understand that you're in the casino
39:34
essentially. And if you need that dopamine
39:36
rush of like trading and getting your wins and you know,
39:39
etcetera, like by all means do that.
39:41
But you should have a huddle stash, something that you are
39:45
just continuing to accumulate at it for the long term and look
39:49
out in 10 years and be like, OK, this is my stack that's going to
39:53
protect me. It's going to maintain its
39:56
purchasing power over time. And so I think, you know,
39:58
watching Dave Portnoy kind of learn this and of course, have
40:01
Sailor be on Dave Portnoy's platform and kind of get this
40:05
message out to a lot of like degenerate gamblers over there
40:08
at Barstow Sports. I think is kind of a testament
40:11
to the idea we've been talking about here on Simply Bitcoin for
40:14
a while that Bitcoin is entering the mainstream consciousness.
40:18
And now people have to take Bitcoin seriously and further,
40:21
they have to take the huddle strategy.
40:23
Strategy even more serious because again it's not sexy to
40:27
tell people to save in Bitcoin like that is kind of one of the
40:30
things that we are up against in a culture right now that is very
40:33
you know, ADD high dopamine. They need the winds to feel like
40:38
they're flexing on their friends and the status symbols of like I
40:41
got 100 X Games in you know one week or whatever.
40:44
But if you follow the playbook of just stacking stats
40:48
accumulating taking it into personal cold storage, then it
40:52
is literally a no brainer brainer.
40:55
It is an unbeatable strategy and I think more people are starting
40:59
to pick up on this again we're up against a culture that is you
41:02
know very high time preference very superficial and This is why
41:07
it's very important to get sailor to go on to or rather out
41:11
of the Bitcoin echo chamber and Nico and I have been covering
41:14
this on the show for a long time and so it's fine it's kind of
41:16
interesting Nico because we've done a lot of Dave Portnoy
41:20
topics on our YouTube and either people don't really know who
41:24
Dave Portnoy is or they just don't care because you know he's
41:27
kind of like a gambler and they're like yeah whatever Dave
41:29
Portnoy doesn't matter but this. Is how we reach out and get the
41:33
Bitcoin signal to more and more people and have them understand
41:36
that hey it's the money that is broken you need to save in
41:40
something that doesn't get devalued.
41:44
That doesn't get debased and you can't save in dollars.
41:47
And so, yeah, if you want to stay on the hamster wheel of
41:49
trying to, you know, trade your way to a lot of wealth, like you
41:53
can try to do that. But as Saylor was saying, like
41:56
the house always wins. And the opposite happens in
41:59
Bitcoin where the the bitcoiner is the one that always wins.
42:02
As long as you understand what's going on with Bitcoin, you're
42:05
going to win. And or rather as long as you
42:07
understand the simple meme of, hey, 21 million Bitcoin, it's
42:11
going to go up forever. Make sure your your Bitcoin is
42:14
in cold storage. Make sure you control, control
42:16
that Bitcoin, don't leave it on an exchange like you're going to
42:19
succeed. And again, it's just not a sexy
42:22
narrative to tell people to save money.
42:24
But it's starting to catch on. And as more CE OS and high net
42:28
worth individuals start to take the leap into Bitcoin, I think
42:31
more people are going to kind of look at Bitcoin and be like, oh,
42:34
wait, this is a viable way for me to save wealth and everyone's
42:38
going to follow. So it is a gradually then
42:40
suddenly moment. We're still, I think 2025 is
42:42
probably going to be like a big year to see a lot of people
42:46
capitulate on Bitcoin. We've kind of been seeing the
42:49
foundations being built in 2024, and now 2025 might be the year
42:54
that, like Bitcoin gets catapulted into the mainstream.
42:59
Amen to that. I completely agree guys.
43:01
You're listening to Simply Bitcoin.
43:02
If you guys are enjoying the show so far, make sure to smash
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43:25
It really helps Bitcoin to get that message out there, get that
43:29
orange signal out there. Remember at the end of the day,
43:33
simply Bitcoin. Tomorrow's Bitcoin news today,
43:35
baby. All right, everybody, let's get
43:37
to the news. We have tons to cover.
43:39
Let's check it out. We will be right back.
43:42
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All right everybody, let's get to today's news.
46:01
We have tons to cover a couple of clips.
46:04
First of all, check out this clip from CNNBC.
46:07
And I'm telling you that this is this echoes what I was telling
46:10
you in the beginning of the what I was telling you in the last
46:13
section, the last block. Like, look, you have the biggest
46:18
banks, you have the biggest companies, you have some of the
46:22
biggest countries. You have the president of the
46:25
most powerful economic military power on in world history.
46:30
You have the president basically literally calling out Bitcoin by
46:35
name. Like, like, and it's only up
46:38
132% this year, which is like crazy in in regular investing
46:43
terms, but but in Bitcoin terms like, no, that's nothing, right?
46:47
So anyways, I'm going to play you guys this clip and then
46:49
we'll talk about it. Let's check it out.
46:51
The flow show from Bank of America, you have the largest
46:53
four week inflow ever into crypto assets.
46:56
We can hit that because you keep buying Bitcoin and you did it
46:58
again as we would show Bitcoin again because we got to 100.
47:01
K We kissed it and we came back a little bit and we're.
47:03
Hovering right below right, which is not unusual so so I'm
47:08
in my office in Chicago and I see the news of who Trump
47:11
appointed for the SEC crypto friendly person Exactly so it
47:15
was trading below I think it was a 97 thousand time immediately
47:17
bought some more and said this is going to be the catalyst get
47:20
through 100. Who's going to get through 100
47:21
anyway? Now yesterday we saw a 5%
47:23
correction. It's not unusual when you go
47:25
through these psychological points that a resistance to fall
47:28
back behind it. But I now think 100 is going to
47:30
be support and that we will keep going once the administration's
47:33
actually in. Well, there's some of the
47:34
commentary yesterday was, if I recall directly overdone but not
47:37
over, right. That might have been Wolf
47:40
research that said overdone but not over.
47:41
Then you had other calls of saying, well, yeah, they agree
47:43
with with Weiss 100,000. OK, you know Andy up.
47:46
Give me 250. So moving on to the next clip,
47:49
right, so you have that happening in the United States,
47:51
right. You know, again, it it it guys,
47:55
if you're new, like to to the scene that your class of your
47:58
one of the the latest classes in the in the twenty 20s, like we,
48:06
we, me and AFTI were around in the days where the legacy media,
48:09
if they brought Bitcoin up, it was to criticize it, right.
48:13
It was the the the non slot relentless attack by the legacy
48:18
media, which in my opinion is like won't be around in 10
48:22
years. I agree with Elon Musk takes.
48:24
We are the media now with social media.
48:28
But yeah, I mean, it's it's it's just crazy.
48:31
So let's check out this clip from our friends over at Bitcoin
48:35
Magazine. They're throwing again the
48:37
Bitcoin MENA conference coming out of Abu Dhabi.
48:41
And here is the Prince, Prince Philip of Serbia.
48:45
And he says some interesting things about nation state
48:48
mining. When adoption comes in many
48:50
forms, you know from just mining to store value to medium
48:54
exchange, I think the one not people really interested in
48:57
would be in the next El Salvador.
48:59
El Salvador was an outlier. I think we may get a surprise
49:03
this coming year hopefully, but we're going to see adoption.
49:08
Mining adoption is ever increasing.
49:11
That is at the nation state level that's happening all the
49:13
time. It's happening in secret,
49:14
happening in open. And the next one that's people
49:17
talking about right now is the strategic reserves.
49:21
So SOV store value that is already happening behind closed
49:25
doors or it will start to happen in the open.
49:27
When it starts to happen in the open, then that's when you know,
49:30
the old game theoretic ripple effects of it will will, will
49:34
start to start to take off. But really the one I'm more
49:38
interested is medium exchange. Really, that's what the white
49:40
paper said. You know, it's a peer-to-peer
49:43
electronic cash system. That's what we're here for.
49:45
But you know, we've got to understand that it works more as
49:49
a store of value today than it does as a medium exchange.
49:53
Thanks to thanks to there are two solutions like liquid and
49:56
Lightning that we're able to transact cheaper fees when the
50:00
fees high fee environments or just much faster transactions
50:03
and stick to the core thesis of what what is Bitcoin.
50:07
Over time, we'll have better technology that will allow us to
50:10
transact faster, but always remain true to what is Bitcoin
50:13
and Bitcoin main chain is that it's security.
50:16
It's 1516 years of unadulterated truth, right?
50:22
It is a pillar of truth that the longest piece of truth we've
50:25
ever had in humanity and it's only growing.
50:27
And that's why the world is waking up to it, and that's why
50:30
the world is starting to unfold and the cracks is and all that
50:34
bullshit that happening in the planet will all start to unravel
50:37
thanks to Bitcoin. I mean beautifully, beautifully,
50:41
beautifully put. So many things to kind of
50:44
uncovered there. I'm going to get to the truth
50:46
part in a second because I I love, I love his take on that.
50:50
But the first part where you have essentially secret kind of
50:55
nation state, you know, mining, this is something that we
50:59
discovered with the Kingdom of Bhutan, right?
51:02
They weren't going to announce that they were mining Bitcoin.
51:05
It was actually discovered because of the Celsius lawsuit.
51:10
And then it slipped through the cracks that you know, that that
51:15
the Kingdom of Bhutan has been mining Bitcoin and they actually
51:19
increased their mining capability using the publicly
51:22
traded company bit Dear. They increased their mining
51:26
capability even though the halving was like one or two
51:29
months away by a factor of 5 five.
51:33
They 5X D it and now they have 1/3 of their GDP in Bitcoin.
51:40
So could you imagine all these other countries that are mining
51:44
Bitcoin in secret, especially if they're countries that have a
51:48
tremendous amount of energy production potential, but
51:52
perhaps their populations are very small or those energy
51:56
sources are isolated. They're stranded.
51:59
If they're stranded, there would be no economical value of those
52:03
and there would be, but it comes down to economics.
52:06
Are you really going to extract, you know, that energy or if it's
52:11
far away from, you know, a factory or far away from a
52:14
population center? Kind of doesn't make sense.
52:17
The thing with Bitcoin miners is that they can go towards the
52:20
energy pockets, right? So it changes the game.
52:23
That was the case with the Kingdom of Bhutan.
52:27
They had a tremendous amount of extra hydroelectric power and
52:32
they were selling it. But then they realized, wait a
52:34
second, we should just mine Bitcoin instead.
52:36
We'll make a lot more money. And I have a suspicion, I have a
52:40
suspicion that our friends over at Bitcoin Magazine decided to
52:44
throw this conference in the Middle East, the Middle East.
52:48
Some countries in the Middle East are known for what massive
52:52
amounts of energy production, you know, with oil, you know,
52:56
natural gas, all of that stuff. So I mean, we could be hearing
53:01
something right now in regards to the truth component.
53:05
I really want to talk about this.
53:07
The truth component is so important.
53:09
Bitcoin is truth. Why?
53:12
Because Bitcoin is anchored to reality via proof of work.
53:16
And the problem with Fiat and that the reason that I would say
53:20
Fiat is a lie is because it is not anchored to reality.
53:25
In fact, it's completely disconnected from reality.
53:29
And I would say that if you are using, and This is why Opti was
53:34
saying earlier on the show that hodling is hard and difficult.
53:40
And it's hard and difficult for a multitude of reasons, but the
53:44
one that you don't realize is that Hodling is a spiritual
53:48
journey. You're spiritually changing.
53:52
It's an emotional journey, It's a physical journey.
53:56
It's, it's a, it's a journey where that humbles you and you
54:00
learn things about yourself. But the spiritual component is
54:04
something that is not being talked about enough.
54:08
And the reason that I fundamentally believe that's the
54:11
case is because money plays a very important role in the human
54:18
experience and the human condition.
54:21
It affects every facet of life, whether that's politics,
54:27
economics, your business, your income, what you choose to buy,
54:34
how things are manufactured, the quality of how things are
54:37
manufactured. War money plays an integral role
54:43
in the human condition and in human society.
54:47
And what happens if that money is fundamentally disconnected
54:52
from the truth? It's corrupted.
54:57
You want to know why society is going down, this moral decay,
55:03
why you see this around you? It's because of corrupted money.
55:10
It's because the money is based on a lie.
55:14
What happens when the money is based on truth?
55:19
What happens when the money is sound?
55:22
What happens when the money is uncorruptible?
55:27
You have countries like El Salvador.
55:31
What if you've been holding Bitcoin for, for, you know, a
55:35
couple of years? I promise you, you feel more
55:38
optimism about the future. You're thinking long term,
55:43
you're thinking about your personal health, you're happier,
55:47
you're optimistic. You see a path towards the
55:51
future. If you are living on a Fiat
55:54
standard, there is no path towards the future, especially
55:59
if you're younger. It's, it's nihilistic, it's
56:03
depressing, it's dark. And because you have, even if
56:09
it's in the back of your mind, even if you're not 100%
56:12
conscious of it, you act upon those feelings, You act upon
56:18
that nihilism, that darkness. Bitcoin fixes that because it
56:26
gives you hope. It gives you, it gives you back
56:30
your dignity, your humanity that has been taken away from you via
56:38
Fiat and currency debasement, also known as theft.
56:43
Let's be blunt, Inflation is theft.
56:46
Inflation is a social contract on society on which society has
56:51
not agreed upon income tax. You can make an argument for it.
56:56
You can say, Nico, I dislike income tax.
56:59
It sucks. And I'll say, you know what?
57:02
It's it's law. We agreed as a society for
57:06
income tax. Whether you like it or not,
57:08
whether it was a psyop, it is law.
57:10
It is law. Income tax is law.
57:14
We have not agreed as a society about the tax that is inflation
57:21
that was thrown on to us without our approval.
57:26
We did not agree to that. And this is what Bitcoin is
57:30
about. This is what the peaceful
57:33
Bitcoin revolution is about. It's about taking back our
57:37
sovereignty. It's about taking back our
57:40
dignity. It's about turning the world
57:43
back to the truth. It's about making the truth
57:47
important again. And the reason that we live in a
57:52
world full of lies is because the money is an effing lie.
57:58
Let's make the money truth again.
58:02
Anyways, Opti, what's your take on that dude?
58:06
Prince Philip? He, he, he nailed it.
58:09
He nailed it when he, when he was talking.
58:10
I'm like, damn, he's gone down the Bitcoin rabbit hole for
58:13
sure. But this is something that like
58:16
people perhaps are not fully aware or conscious of.
58:20
And you were touching upon it earlier on the show when you
58:23
were talking about, and I know why you're talking about that
58:27
because it was American Hoddle's post on Noster, which was so
58:30
based the, the, the, the journey of huddling, the experience of
58:37
huddling, which on paper it's easy.
58:39
What do you mean, Nico? I just have to buy Bitcoin and
58:42
put in self custody. What?
58:43
Like, what are you talking about spirituality and growing And
58:46
like what the, what are you smoking?
58:47
I promise you, you will grow as a human being buy huddling
58:52
Bitcoin because it is not easy. Those draw downs, those the
58:58
things that you go through are not easy.
59:00
And again, what happens when then you change your operating
59:04
system from a Fiat operating system to a Bitcoin operating
59:08
system, Opti? Yeah, I mean 100%.
59:12
Like on paper it sounds really easy.
59:14
You know, it like it's not that difficult.
59:17
You just like buy Bitcoin, Hotto Bitcoin, take in the cold
59:19
storage, like and repeat the process.
59:21
That's literally all you have to do, you know, quote all you have
59:24
to do. But while you become a bitcoiner
59:28
and I argue it is kind of a journey to becoming bigger.
59:30
Maybe we're born as bitcoiners. Then you kind of like, you know,
59:34
build the character of being a bitcoiner.
59:35
I don't know, we we could argue that later, but as you kind of
59:39
go on your Hoddle journey and it that's kind of cringe.
59:41
I'm, I'm not gonna lie a little bit, but it does kind of either
59:45
expose yourself to yourself or it kind of builds new behaviors.
59:49
And as we've kind of experienced in ourselves, it's like, you
59:52
know, you come into Bitcoin and you realize you have to unlearn
59:55
a lot of things from the the world that you believe was real.
59:59
And then you realize, oh, wait, either, you know, there's a lot
1:00:02
of lies or there's a lot of misinformation out there.
1:00:05
And part of that is like building your Bitcoin
1:00:07
conviction. And you do start to realize
1:00:09
that, yeah, like Bitcoin is a closer approximation of reality.
1:00:14
And it's a better money. And This is why, if I believe,
1:00:17
if you align yourself with reality, you are better aligned
1:00:21
to succeed. And This is why I think we're
1:00:23
seeing a lot of problems with people that aren't necessarily
1:00:26
bitcoiners or have been sigh up by the medium is because their
1:00:29
whole worldview, I would argue, is a lie or built on lies.
1:00:33
And now they're realizing that, Oh my God, you what's I always I
1:00:37
always blank on the Mark Twain quote from the Big Short.
1:00:39
It's not what you believe. I'm I'm blanking on it.
1:00:43
It's like what you what you believe that you think is true.
1:00:46
That isn't really. So like that's where we are
1:00:48
right now. A lot of people are kind of lost
1:00:51
in this fantasy world right now where they think they know the
1:00:54
truth is because, you know, the media has been telling them some
1:00:57
things over a long portion of time and they think that they
1:01:00
are authority figures and they think that's how the world
1:01:02
really works. But then a whole new system is
1:01:05
built and a whole new paradigm and a whole new money is built.
1:01:08
And you realize that everything that I've learned is it's kind
1:01:11
of wrong. And this is the part of being a
1:01:14
Bitcoiner. Like you do shed a lot of of
1:01:17
your, you were calling the operating system, but a lot of
1:01:20
the thoughts and, and pretenses and Givens that you thought of
1:01:24
the world and those start to shed away.
1:01:26
And you start to realize, oh, wait, you know, like there's a
1:01:28
totally different worldview here.
1:01:31
And this is what we're up against.
1:01:32
This is why Nico and I always kind of talk about the culture
1:01:35
and society at large, because a lot of people, at least the
1:01:38
mainstream culture is kind of built on lies.
1:01:41
A lot of it is lies and a lot of it is narratives that have no
1:01:44
basis in reality. And now as a bitcoiner, once you
1:01:48
understand that, hey, maybe it's the money, you know, maybe it's
1:01:51
fake money that's the problem. As the meme goes, fix the money,
1:01:54
fix the world. You start to realize that, oh,
1:01:56
if you better align yourself with a better money, a sound
1:01:59
money, then your life does improve.
1:02:01
And part of that journey is kind of eliminating all the excess
1:02:05
and the fat and the misrepresentations and the
1:02:08
distortions of reality. And you start to huddle that
1:02:11
Bitcoin and you realize, oh, wait, you know, like before I
1:02:14
was a bitcoiner, I was obviously inclined to being a bitcoiner
1:02:18
because like I, I've told everyone this many times on the
1:02:20
show, I'm, I'm kind of an anti authoritarian here.
1:02:23
Like I, I, I hate when people tell me what to do.
1:02:26
And so maybe I was more inclined to become a bitcoiner.
1:02:29
But through that process, I realized a lot of the things
1:02:31
that I kind of viewed to be truth were wrong.
1:02:34
And I had to, you know, do the work and kind of recalibrate my
1:02:39
mental processing. And now it's just like it's it's
1:02:42
so obvious to you, but there is kind of a mental filter when you
1:02:46
come into Bitcoin that you do have to unlearn.
1:02:48
And this is what we're doing right now.
1:02:50
And I don't necessarily think that that's going to have to
1:02:52
happen to everyone moving forward.
1:02:54
Eventually, I think people are just going to kind of adopt
1:02:57
Bitcoin as a better money and their lives will improve.
1:03:00
But there is a process for a lot of us in Bitcoin that have been
1:03:04
here for a lot of years. And as Bitcoin has been
1:03:07
bootstrapping itself, like Nico was kind of mentioning it, you
1:03:10
know, I know a lot of people in the chat are, are still kind of
1:03:14
getting badgered and called idiots by their friends and
1:03:16
family. Like I literally got a, a, a
1:03:19
Instagram reel this morning by one of my friends.
1:03:21
It was like some TomTom green reel right now.
1:03:24
He's like, he's on a date and he's kind of explained crypto
1:03:27
coins and he's like, look, look, I got the charts.
1:03:29
You, you know, it's so easy. You, you sell when it's high and
1:03:31
you buy when it's low. And I got some charts to back
1:03:34
up. So like, I'm still personally
1:03:35
getting trolled by friends and I've been telling them for years
1:03:38
to buy Bitcoin and they still kind of think of it as like a
1:03:41
fad. And so there is a spiritual
1:03:44
journey throughout becoming a Bitcoiner.
1:03:46
There is a behavioral change that happens throughout becoming
1:03:50
a Bitcoiner. And I think the world is
1:03:52
starting to realize that. And I think they're going to
1:03:55
kind of be forced to change their behavior.
1:03:58
And I think this is going to be a good thing for the future.
1:04:00
So I, you know, I couldn't agree more on the spiritual aspect of
1:04:04
Bitcoin, hence why the the pseudonym I have here is
1:04:07
Optimist Field, because throughout this, it's kind of
1:04:10
been a moniker to live up to. Like there is more optimistic,
1:04:14
there is a better worldview. There is fields that are, you
1:04:17
know, green fields, blue skies, all the memes you want.
1:04:20
And it really starts with adopting Bitcoin.
1:04:22
Now, with all that being said, I do kind of want to mention the
1:04:25
fact that, you know, Prince Phillip just is a full chat out
1:04:28
here. He's kind of been in the space
1:04:30
for a little bit. You can see that he's been
1:04:32
starting to make a little more of a noise.
1:04:35
He he's down. He's down.
1:04:36
Yeah. He's so he's.
1:04:37
So down the rabbit hole. Talking about truth in Bitcoin.
1:04:40
Exactly exactly. He's a couple years in for sure.
1:04:43
Exactly. And, and I just love to see it
1:04:45
like it's seeing people, you know, you could argue, I won't
1:04:51
go into that, but you like seeing people of that statue and
1:04:54
of, you know, the that royal lineage come out and being like,
1:04:58
yes, pro Bitcoin. It really just goes to show the
1:05:02
echo chambers are breaking out there and Bitcoin is starting to
1:05:05
infiltrate every corner of the world and every person from
1:05:10
every class system and every class level is starting to wake
1:05:13
up to Bitcoin. And I think this is kind of part
1:05:16
of that, getting the world to a better future.
1:05:20
And I know, Niko, you say it all the time on the show.
1:05:23
We probably mentioned this every other day here on the show.
1:05:26
But Fiat money, paper money is a world of pessimism and nihilism
1:05:31
and war. And when you get on a Bitcoin
1:05:33
standard or a personal Bitcoin standard, it does give you hope.
1:05:37
Like that's why, you know, hope.com was chosen by Michael
1:05:41
Saylor because even he has felt hope because of Bitcoin.
1:05:45
You know, that very, very, I would argue powerful clip of
1:05:48
him. He's like, look, I was a
1:05:49
billionaire and I still felt hopeless and that there was
1:05:53
nothing I can do to succeed. And then I found Bitcoin and now
1:05:57
he's on the road to becoming the richest man in the world.
1:06:00
Like this is, it's absolutely crazy.
1:06:02
And so if you start to add Bitcoin to your personal
1:06:06
portfolio, to your personal savings, you know, it may be
1:06:09
like a leap to new people on the show, but it does make you a
1:06:12
better person. And you know, that's just like a
1:06:14
full stop period, end of story there.
1:06:17
You have to become someone worthy of ushering in these
1:06:21
sats. And I think all of us kind of go
1:06:22
through that mental process of like, am I worth the sats that
1:06:26
I, you know, am holding and accumulating?
1:06:30
And I think we all kind of have that journey within ourselves to
1:06:33
become better. 100%, I think Opti, you, you, you put it
1:06:37
beautifully. Anyways, guys, stay tuned
1:06:40
because we are going to get to the culture Opti.
1:06:42
What are we going to talk about during the culture segment to
1:06:44
choose the audience a little bit so.
1:06:47
This whole show, I'm, I'm kind of doing the flip side of the
1:06:50
coin here. The whole show has been kind of,
1:06:52
you know, bullish news coming out of the mainstream culture.
1:06:56
Now in the culture for today, I'm doing the flip side and
1:06:59
there's still a lot of pushback. And I I think it's very
1:07:02
important for us to kind of talk, talk about it.
1:07:04
So yeah, mainstream culture isn't fully on board with
1:07:08
Bitcoin, but this is just you love to see it.
1:07:11
You love to see the cope. So I'm going to cover a couple
1:07:14
different examples of that. Absolutely.
1:07:16
All right, guys, we'll be right back.
1:07:18
We're going to hit the daily culture.
1:07:20
Smash the like button. You're listening to Simply
1:07:23
Bitcoin Live. I want to give a shout out to
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hivedigitaltech.com. All right everybody, I do want
1:08:15
to give a shout out to one of the best Bitcoin conferences of
1:08:20
the year that's coming up in 2025 in Dallas, TX.
1:08:25
It's going to be April 3rd, 4th, 5th, and 6th.
1:08:28
What conference am I talking about?
1:08:30
I'm talking about the conference where me and Opti first met each
1:08:33
other in person. Bit block.
1:08:37
Boom. It's going to be one of the best
1:08:38
Bitcoin conferences of the year. You definitely don't want to
1:08:43
miss it. It's not too big where you get
1:08:45
lost in the sauce. It's not too small.
1:08:48
It's just the right size so that you can network with some some
1:08:52
of your favorite bitcoiners, whether that's Opti, whether
1:08:58
that is Jimmy Song, whether that's Marty Bent, whether
1:09:02
that's Dante, whether that's Rustin.
1:09:05
You know, they're all going to be there and you have the
1:09:08
opportunity to go up to them, spark up a conversation with
1:09:11
them and you know, just network. Also, if you're trying to get a
1:09:15
job in the industry, I highly recommend this conference as
1:09:18
well. It's perfect opportunity for you
1:09:20
to network with some of your favorite Bitcoin companies and
1:09:24
just pull out some feelers and meet the CEO's of those said
1:09:28
Bitcoin companies, right? I remember when I got a job in
1:09:31
the industry, I didn't get a job through through like my resume
1:09:37
or my education. It's literally because I started
1:09:41
networking around these conferences and, you know, I
1:09:43
grew a platform on social media. That's one of the most effective
1:09:47
ways, right? So guys, you definitely don't
1:09:50
wanna miss Bitblock Boom 2025. It's gonna be the beginning of
1:09:54
April. And if you use promo code BBB
1:09:58
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Get your tickets now because the price goes up in the next 22
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1:10:23
Anyways, Opti, what are we talking about today during the
1:10:27
culture? OK.
1:10:30
Well, as I was saying, you know, it's all not Peaches and roses
1:10:34
in Normieland in regards to Bitcoin taking over the
1:10:37
mainstream. There has been a lot of pushback
1:10:40
on the idea of a Bitcoin strategic stockpile or strategic
1:10:44
reserve. And so I have a bunch of
1:10:46
different examples, but there is a clip coming out of MSNBC that
1:10:51
I really want to play in full. It is a little long.
1:10:53
So anyways, before we go, you know, just a little bit of
1:10:56
pushback and I am kind of doing this in chronological order
1:11:00
rather in the days that they came out.
1:11:02
So first breaking former U.S. Treasury Secretary Larry Summers
1:11:05
says a national Bitcoin reserve idea is crazy.
1:11:09
You can play this. It's it's, you know, you've
1:11:11
heard it before. Now going forward, we have Lloyd
1:11:14
Blankenfield, who is former CEO and chairman of Goldman Sachs.
1:11:19
He's only tweeted twice this whole year and he tweeted
1:11:23
talking bad about Bitcoin. So reading the tweet, Trump
1:11:26
correctly spoke to the importance of defending the
1:11:28
dollar's exclusivity. Exclusivity as the world reserve
1:11:31
currency helps U.S. trade, financing our deficit, driving
1:11:35
U.S. policy choices on our enemies and frenemies.
1:11:37
So why is the new admin so bent on promoting BTC?
1:11:41
But he's felt it. BITC.
1:11:44
And then you see David Bailey right here is like, you've been
1:11:46
wrong about Bitcoin for 15 years.
1:11:48
So you clearly have no clue. OK, moving forward, this is the
1:11:52
clip I want to play for you guys.
1:11:53
This is Chris Hayes on MSNBC. It is like a 5 minute clip.
1:11:57
So I'm going to play part of it. We'll see if we can get through
1:11:59
the whole thing, but I think this kind of sums up the whole
1:12:03
conversation that you're hearing coming out from Normie, You
1:12:06
know, pundits out there coping with what is going on here.
1:12:10
They are kind of trying to make this a partisan issue, which
1:12:13
obviously Nico loves to talk about here.
1:12:16
And I think this is just like a good summary of just what we're
1:12:21
seeing. There is a new flood line coming
1:12:23
out right now and it is targeted towards the Bitcoin strategic
1:12:28
stockpile. Even though we've been covering
1:12:30
throughout the last couple of weeks that that is starting to
1:12:32
catch fire, that signal starting to spread and more and more
1:12:36
countries are looking towards Bitcoin as a viable thing to add
1:12:40
to their nation state treasury. With that being said, let's
1:12:43
watch this clip. So for very understandable
1:12:46
reasons, Democrats and Democratic regulators have
1:12:48
worked hard to keep crypto, which has been supremely
1:12:50
volatile, blocked off from the rest of financial system so that
1:12:53
if it crashes, it doesn't bring the entire U.S. economy down
1:12:55
with it requiring a bailout. Some rich people holding a lot
1:12:59
of crypto disagree with that strategy.
1:13:01
They want a bailout, implicit or explicit, if the House of Cards
1:13:04
comes crashing down. To that end, after Republicans
1:13:06
took back the Senate with the help of money from the crypto
1:13:08
industry, they now have a plan to return the favor.
1:13:11
And I want you to listen to this part because no one's really
1:13:13
talking about this. But the the the elements of the
1:13:15
plot are just there in plain sight.
1:13:18
Senate Republicans are working on a bill that would transfer
1:13:22
billions and billions of dollars of money from the US government
1:13:25
from taxpayers and hand it over to a handful of big crypto
1:13:28
holders. Sounds like a great idea for.
1:13:30
President for President Donald Trump, here it is.
1:13:35
This is the Bitcoin Reserve bill in the Senate of the United
1:13:42
States to establish a Bitcoin strategic reserve, a network of
1:13:48
secure storage vaults, purchase program, and other programs to
1:13:52
ensure the transparent management of Bitcoin holdings
1:13:57
of the federal government. Yes, the Bitcoin Act from
1:14:01
Republican Senator Cynthia Loomis of Wyoming.
1:14:03
It would establish a Federal Reserve at Bitcoin.
1:14:05
It's truly one of the most audacious schemes I've ever seen
1:14:07
in Congress. Here's why rich folks who own a
1:14:09
lot of crypto have a problem, right?
1:14:11
Cryptocurrency, Bitcoin in particular, is a very valuable
1:14:13
asset. Single Bitcoin worth over 100
1:14:15
grand. Some very, very wealthy people
1:14:17
own hundreds of millions or even billions of dollars worth of
1:14:19
Bitcoin. David Sacs, for instance, has a
1:14:20
lot of money back. That's it.
1:14:21
It's not a liquid asset like cash that you can easily spend
1:14:23
or invest or use for practical purposes.
1:14:25
It has no practical use, really, outside of a few gimmicks, and
1:14:28
it's very useful for criminal cartels.
1:14:30
So if you're an investor, you're sitting on this speculative
1:14:33
asset. You can't actually do anything
1:14:34
with it, but it's worth a lot of money.
1:14:35
What's more, if you try to sell it all off, right, to get rid of
1:14:38
it, the hordes of Bitcoin on the exchanges, that's going to flood
1:14:41
the market and tank the price. So what's the solution?
1:14:45
They're going to sell it to the US government.
1:14:47
Over five years, the United States will assemble 1,000,000
1:14:52
Bitcoin, 5% of the world's supply, and it will be held for
1:14:57
a minimum of 20 years. And it can be used for one
1:15:01
purpose, reduce our debt. Reduce our debt.
1:15:07
You can't pay the debt down in Bitcoin.
1:15:10
Are you tracking this? Are you tracking what's being
1:15:12
planned and announced in person here?
1:15:14
Right? the US government handing
1:15:16
billions of dollars into the pockets of rich crypto holders.
1:15:20
The plan is that the Bitcoin Act would have the government sell
1:15:22
off some of its gold reserves, you know, the stuff in Fort
1:15:24
Knox, and use the money to buy a billion Bitcoin.
1:15:27
At current market value, that would cost $100 billion.
1:15:31
Now, the actual price would likely be much higher because
1:15:33
that market value would almost certainly rise as a result, when
1:15:36
a new buyer enters the market and boosts the price of the
1:15:39
asset, the buyer is now legally obligated to buy.
1:15:42
Pause. Pause.
1:15:43
This shit. Right?
1:15:44
Oh my God. Oh my God.
1:15:47
OK, a couple things. A couple things.
1:15:48
First of all, he says that the US government would be handing
1:15:53
billions of dollars to rich crypto holders.
1:15:57
No, the US government would be buying the Bitcoin themselves
1:16:01
and, and, and Bitcoin is obviously a superior asset to
1:16:05
gold as has been reflected over the last 10 years.
1:16:07
It would be a net positive for the country.
1:16:11
What I don't like too is the class warfare.
1:16:15
It really, really pisses me off because essentially the way that
1:16:19
he's trying to frame it is you know, this is only going to
1:16:23
benefit the rich at the expense of the poor.
1:16:27
No, Bitcoin is not a 0 sum game. Everyone could win the if you
1:16:35
buy $100 worth of Bitcoin a month and that's what you can
1:16:37
afford, it's going to make your life better over time because
1:16:42
you're saving your purchasing power from the ravages of
1:16:46
inflation you're actually able to save.
1:16:50
So this whole class warfare type of bullshit it is, is divisive.
1:16:57
And again, he, he's, he's not accurately portraying what
1:17:02
Cynthia Lummis is proposing because Cynthia Lummis is just
1:17:06
proposing that we allocate some of the gold reserves into
1:17:11
Bitcoin of which the US government would own.
1:17:14
Because the way that he was phrasing it is we would be
1:17:17
giving this $100 billion to rich Bitcoin older owners, like,
1:17:23
listen, the Bitcoin owner that owns $1000 worth of Bitcoin on a
1:17:28
percentage term, they're gonna, they're gonna benefit just as
1:17:32
much as the Bitcoin owner that has 100 Bitcoin percentage wise.
1:17:37
They're gonna benefit equally if the US government goes in and
1:17:40
buys Bitcoin. And it would belong to the US
1:17:43
government. It wouldn't belong.
1:17:45
They, they're not just handing this money to the rich crypto
1:17:47
owners. So this is divisive class
1:17:52
warfare, which is, you know, the rich, the oppressors and the
1:17:58
poor, the oppressed. That's bullshit.
1:18:03
Bitcoin is the most inclusive, equitable money the world has
1:18:08
ever seen because the world that Chris Hayes is advocating for is
1:18:13
a world where if depending on a country that you happen to be
1:18:18
born in, you are entitled or you're not entitled to open a
1:18:23
bank account. That sounds exclusive.
1:18:26
That sounds really exclusive. And you know what class of
1:18:32
people inflation affects the most?
1:18:36
The lower and middle classes, because they don't have the
1:18:40
means to save in assets. They get ravaged every time the
1:18:45
government prints money, and Bitcoin is their way is a way
1:18:50
for them to protect themselves from the ravages of inflation.
1:18:56
Like we just went through an election the last four years
1:19:02
where clearly people are prioritizing the prices of their
1:19:07
grocery bills. They're prioritizing what's
1:19:10
going on with inflation. So yeah, man, if they want to
1:19:16
continue heading down this path of class warfare and demonizing
1:19:22
Bitcoin, Bitcoin and Bitcoin holders, I think that's a losing
1:19:26
battle for them. As this last election showed.
1:19:30
I think Bitcoin is bipartisan. It's not a left or right thing.
1:19:35
Bitcoin is for everybody. But I will tell you this,
1:19:39
Bitcoin is not for collectivists specifically.
1:19:43
If you are, you know, believing in this collectivist ideology
1:19:48
where you believe that the government is all powerful and
1:19:51
should have the right to redistribute wealth on a massive
1:19:55
scale like Bitcoin is going to make that a little bit more
1:20:00
difficult. I'm not going to lie.
1:20:01
And I truly believe that the world is going to be a much
1:20:05
better place for it because these are the same people that
1:20:09
are advocating for a system that completely betrayed my
1:20:14
generation and the zoomer generation I remember 2008 were
1:20:22
under under a progressive president.
1:20:27
I remember 2008 where the US government, on behalf of the
1:20:34
American people, AKA Main St. bailed out Wall Street.
1:20:42
They were given a bailout at the expense of all of us.
1:20:45
If you want to know why you can't afford a home as a Gen.
1:20:50
ZR, as a millennial, it's because of that.
1:20:54
It's because of that. But you know what?
1:20:57
If you've been saving and earning a Bitcoin, it's not a
1:21:02
question of can you afford a home?
1:21:05
It's a question of when will you be able to afford a home.
1:21:08
And if you're deep down the rabbit hole, you'll come to a
1:21:10
realization of, no, I'm just gonna rent because if I buy a
1:21:13
home, I'm probably gonna end up with less Bitcoin.
1:21:16
And one last thing I'll say before I pass it on to Opti,
1:21:19
right? He mentioned 100 billion.
1:21:24
We've sent 300 billion to Ukraine.
1:21:29
Where's that money, bro? Have I benefited from that?
1:21:34
That's thousands of miles away. There's homeless people all over
1:21:39
the streets in some cities, there's crime.
1:21:43
There's people that can't afford housing and you're sending $300
1:21:48
billion to a foreign country to fund a war with the nuclear
1:21:53
armed country. And you're literally lecturing
1:21:57
me about putting $100 billion into Bitcoin, which clearly has
1:22:02
shown that over the last 10 years it is a superior asset to
1:22:07
gold. Nah, you're relying on
1:22:11
misrepresenting truths, misrepresenting the data for a
1:22:15
political agenda and you want to know why Elon Musk is telling
1:22:20
you you are the media now? It's because of people like
1:22:23
Chris Hayes. People are sick and tired of
1:22:27
getting lied to. This is why MSNB CS ratings
1:22:31
continue to plummet. Because he's lying to your face.
1:22:37
And at at certain point, like maybe it's my culture, maybe
1:22:40
it's like a Hispanic thing. If you're gonna continue to lie
1:22:43
to my face, I find that very disrespectful.
1:22:47
And it's gonna come to a point where I'm gonna tune out and I'm
1:22:51
gonna watch something else. And instead of changing course
1:22:56
and like looking within yourself and saying, you know what, like
1:23:00
we're probably losing ratings cuz like, we're not really
1:23:03
reporting the news. This is kind of like propaganda.
1:23:07
They double down and they call Elon Musk an extremist.
1:23:11
Like, no, dude, like that world is over.
1:23:15
You no longer have a monopoly on information.
1:23:18
You no longer have a monopoly on the narrative.
1:23:21
You're going to have to deal with independent thinking and
1:23:24
people doing their own research and thinking critically.
1:23:28
And in that type of world, you can't get away with bullshit, to
1:23:35
be frank. And if it's simply Bitcoin that
1:23:37
has to like rebuke the bullshit, so be it.
1:23:42
Opti, we will rebuke the bullshit because that is that is
1:23:45
so evil. This this class warfare.
1:23:48
No, listen, you, if you can only afford $20.00 of Bitcoin a month
1:23:55
and that's all you can afford. Listen, when I got into Bitcoin
1:23:59
in 2016, this is for Chris Hayes.
1:24:01
When I got into Bitcoin in 2016, I was living on my friend's
1:24:05
couch working a minimum wage job and I stuck to it.
1:24:13
Bitcoin gave me a career. Bitcoin gave me a business.
1:24:18
Bitcoin got me to where I am today.
1:24:22
Eight years of me working hard and believing minimum wage job,
1:24:29
living on my friend's couch. So what is this that Bitcoin is
1:24:33
for the rich? No, no, no, no.
1:24:35
Everyone's going to benefit and I'm going to be buying Bitcoin
1:24:39
when it's at a million, when it's at 5 million, when it's at
1:24:42
100,000. Why?
1:24:44
Why would I want to use dollars? Why would I want to use the
1:24:49
money that that steals from me? Why would I want to use the
1:24:51
money that is that is constantly taking my purchasing power and
1:24:56
redistributing it back to the government?
1:24:59
The government completely is unaccountable.
1:25:01
The Pentagon failed what, their 8th audit in a row?
1:25:04
If you did that to the IRS you'd be put in jail.
1:25:07
Like no dude, this is what this election.
1:25:11
This is what this election was all about.
1:25:13
People were sick and tired of the BS.
1:25:16
They rebuked the legacy media. Trump won in a landslide.
1:25:22
If you were just listening to legacy media, you would have
1:25:24
thought that a totalitarian was elected.
1:25:29
So we're tired of it. And it all started in 2008.
1:25:35
The betrayal to the country by the government to bail out the
1:25:40
elites, the Occupy Wall Street movement, This is all what?
1:25:45
This is all Bitcoin. This is what it's all about.
1:25:47
Bitcoin was born. Do you think Bitcoin was born in
1:25:50
2009 at a coincidence? No, it was a protest in the
1:25:56
genesis block of Bitcoin. It says chancellor on the brink
1:25:59
of the second bailout for banks. Do you think that's a
1:26:02
coincidence? This is the people's money.
1:26:06
This is the way for the people to protest against that said
1:26:10
system. Chris Hayes is the elite.
1:26:14
Chris Hayes is the political class that is oppressing the
1:26:19
people. Bitcoin is the tool of which
1:26:24
people are going to find freedom and break free from those chains
1:26:28
of oppression that people like Chris Hayes are trying to sigh
1:26:32
up people into falling into That is pure evil, misinformation,
1:26:39
misrepresentation of the facts and class warfare, trying to
1:26:43
divide people based on the the wealth that they've been able to
1:26:48
acquire. Shame on you, Chris Hayes.
1:26:50
You, you put journalist to shame.
1:26:53
You're, you're not a journalist, you're a propagandist.
1:26:57
We're more journalists than you are.
1:27:00
That's what I gotta say. Oh man, love it.
1:27:03
Well, I knew this was going to trigger you, Nico.
1:27:05
So hold on, get some hare horns here for you.
1:27:08
But also one thing that you did just mention about like the
1:27:11
genesis block. I find it very and I have some
1:27:13
more here for, for you, Nico. So I have two more tweets here
1:27:16
that I, that I think we're, we're going to put the, the pin
1:27:19
on for today's show. But I think the, the craziest
1:27:22
part about that clip was the fact that like we've said this
1:27:26
actually on the show before that we're going to get blamed for
1:27:28
the government and fiat's problems.
1:27:30
And he's basically saying like, oh, now we need the government
1:27:32
to bail us out. And it's like, no, Bitcoin was
1:27:34
like literally created as a response to the 2008 bailouts.
1:27:38
But of course, facts don't mean anything to them.
1:27:40
All right now going on a little more Nikka, we have a little
1:27:42
more. We have this tweet here from
1:27:44
George Seljin, who is from the Cato Institute, which is a
1:27:47
financial and monetary think tank.
1:27:49
And he's kind of saying the same thing that the MSNBC Co host is
1:27:53
saying is that now the US government is to be a marketing
1:27:56
agency for Bitcoin. So, so much for limited
1:27:59
government. As I thought this way, it'd be
1:28:01
making a case for AUS strategic stockpile, my next book.
1:28:04
And I dare say that it would be just as sound as the case for
1:28:07
strategic Bitcoin reserve. And he's been doubling down on
1:28:10
this. And then of course, everyone's
1:28:11
favorite gold bug out here, Peter Schiff, I think kind of
1:28:14
nails it here in kind of like a reverse thinking way here, which
1:28:18
is I think something that we're going to see continue.
1:28:21
And as we like to cover here in the culture is, you know, not
1:28:24
only highlighting Bitcoin projects and and Bitcoin signal,
1:28:28
but also kind of highlighting what the culture is thinking
1:28:30
about Bitcoin. And I think Peter Schiff kind of
1:28:33
hits the nail on the head again in in the worst way possible.
1:28:36
So here's a tweet. Bitcoin has become a national no
1:28:38
security threat. It's one thing when private
1:28:40
citizens voluntarily waste their own money buying Bitcoin, but it
1:28:44
crosses the line when they bribe government officials to squander
1:28:47
the public's money buying it. And this is the emphasis here.
1:28:50
And this is probably what we're going to be seeing.
1:28:52
And we've been saying this on the show for a while.
1:28:54
Quote, Bitcoin is now Public Enemy #1 and I think this is
1:28:59
kind of the groundwork being laid as we saw on MSNBC.
1:29:03
You know, Nico kind of covered it.
1:29:04
And we've been covering this on the show for a while.
1:29:06
But of course, adding the Bitcoin here shouts out the lop
1:29:09
on Twitter. And he goes, Bitcoin only
1:29:11
becomes a national security threat if other nations become
1:29:14
Bitcoin rich, why our own nation stays Bitcoin poor.
1:29:18
And this is the signal here, guys.
1:29:20
Like they are coping. You love to see the cope in the
1:29:23
sea coming from the mainstream propaganda wings.
1:29:26
But it is interesting. And again, you know, I forget
1:29:29
who it was in the chat, Nico, but them kind of trolling us and
1:29:32
saying, you know, simply Bitcoin is tomorrow's Bitcoin news
1:29:35
today. We literally said this at some
1:29:37
point throughout about the year, especially when it was getting a
1:29:40
little hairy in the US, that Bitcoin will be blamed for the
1:29:44
problems of the Fiat system. And we're starting to see that
1:29:47
groundwork get laid where like, oh, you know, now Bitcoiners are
1:29:52
lobbying the US government to bail them out.
1:29:54
You know now, Bitcoiners. Like, no shit, Sherlock, you
1:30:00
attacked our industry for 3 1/2 years.
1:30:04
You attacked our industry and you lied about it.
1:30:07
You said that you weren't doing it, but we like you.
1:30:09
You, you put some of us in prison, right?
1:30:12
You, you isolate it now. It's been discovered.
1:30:15
We didn't get time to cover it today.
1:30:16
It's been discovered that literally there was orders from
1:30:19
the US government to banks, to unbanked crypto companies.
1:30:25
You had the hostile SEC. You had the proposed 30% Bitcoin
1:30:30
mining tax. What do you mean?
1:30:33
Bitcoiners would not have gotten political if you did not force
1:30:39
our hand? Do you think bitcoiners are
1:30:41
like, yeah, Republican Party Trump?
1:30:42
No, you created an opportunity for your political opponent to
1:30:47
capitalize on you demonizing an entire industry of which a huge
1:30:53
portion of your constituents own.
1:30:57
And now you're going to continue to double down on the class
1:30:59
warfare and the demonization of this.
1:31:02
Like, I hope you keep doing this for 20.
1:31:04
When's the next election? 2026 and 2028.
1:31:08
It turned out wonderfully this time.
1:31:11
Keep doing it. It it great.
1:31:14
It, it it's just, you know, it's it's unfortunate.
1:31:16
It's unfortunate. And you know what?
1:31:18
I do have to give credit to some Democratic lawmakers because ROH
1:31:23
Khanna and and Dennis Porter has been doing a great job on this.
1:31:26
Not all of them feel this way about the industry, but like,
1:31:31
you know, for them to and MSNBC, I'm telling you, they're like
1:31:34
the leading kind of voice for, you know, like the Democratic
1:31:38
Party. It's a big part of that, you
1:31:40
know, media apparatus for them to keep doubling down that
1:31:45
Bitcoin is bad. Like what are you guys doing?
1:31:49
What are you guys doing? It's not a good idea
1:31:52
politically, in my opinion. I think look into by by 2028 if
1:31:58
you are not a pro Bitcoin candidate, whether you're
1:32:01
Democrat or Republican, I I think you're going to be
1:32:04
unelected, like unelectable because I think a percentage of
1:32:07
it's like saying back in 1999, I'm anti Internet.
1:32:12
It's the same thing. It makes no sense whatsoever
1:32:15
that like anyways, we are getting to the top of the hour.
1:32:20
OPSI is triggering me during the during the culture segment.
1:32:24
Wait. Wait before we before we can
1:32:27
roll out, I want to acknowledge that I, I, I sometimes purposely
1:32:31
don't show Nico the culture so we can get a real live
1:32:34
triggering event on the show. And I think.
1:32:36
Today was a good example of that.
1:32:39
Oh man, what a what a good show. This is fun.
1:32:41
This is fun anyways. Guys we did we dropped guys if
1:32:47
you guys are enjoying the show so far, help us break 400 likes
1:32:50
before we wrap up the show. I did a poll earlier I asked a
1:32:53
lot of you guys asked and 582 of you guys answered on YouTube.
1:32:58
I, I I threw a poll. It says will Bitcoin break 120K
1:33:02
in 202472 percent of you guys said yes and 27 percent of you
1:33:08
guys said no. So you guys are feeling very,
1:33:11
very bullish for the end of the year.
1:33:14
But anyways, guys, great show today.
1:33:16
We'll be back tomorrow. This was Simply Bitcoin live for
1:33:19
December 9th, 2024. I'm your host Nico.
1:33:22
It's my legendary Co host who's always optimistic optimist
1:33:25
fields. We are simply Bitcoin and we'll
1:33:27
be back tomorrow for a brand new episode.
1:33:29
Peace out, everybody. Today's episode was brought to
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you by bitcoinwell.com, a Bitcoin only platform on a
1:33:36
mission to enable financial independence.