Latest / Simply Bitcoin / NEW REPORT: Bitcoin ETF Insider Doubles Down on UNTHINKABLE 2030 prediction! | EP 1176

Transcript

NEW REPORT: Bitcoin ETF Insider Doubles Down on UNTHINKABLE 2030 prediction! | EP 1176 · Simply Bitcoin

• 0:00
  No, a new report was just released literally 24 hours ago
• 0:06
  predicting that $1.5 million Bitcoin is coming in 20-30.
• 0:13
  Now what's really interesting about this prediction is that
• 0:16
  this Bitcoin OG has been predicting A6 figure Bitcoin
• 0:21
  price for a long time now, but more recently she is doubling
• 0:26
  down on her most bullish case for Bitcoin by the year 2030.
• 0:31
  What's changed since she's been since she began making Bitcoin
• 0:34
  price predictions over a decade ago?
• 0:36
  What else is buried in this 148 page mega report?
• 0:43
  We're going to find out before we jump into it, I want to bring
• 0:46
  up my legendary Co host who is always optimistic the one and
• 0:50
  only optimist fields. Let's jump straight into the
• 0:54
  report and let's get into what Misses Kathy Woods is talking
• 1:00
  about. So let's check it out.
• 1:01
  So the name of the report is Arcs Big Ideas 2025.
• 1:06
  We've been talking about Kathy Woods predictions for a long
• 1:09
  time now. She has an ETF.
• 1:12
  The ETF has a tremendous amount of of of attention.
• 1:16
  She she's been extremely successful.
• 1:18
  She's made a lot of of good predictions in regards to Tesla,
• 1:22
  in regards to Bitcoin. So this is obviously someone
• 1:26
  who's very serious, very well respected.
• 1:29
  This isn't just some random person.
• 1:31
  So the report goes on to say Bitcoin, a maturing global
• 1:35
  monetary system with sound network fundamentals and growing
• 1:40
  institutional adoption. Bitcoin hit all time high in
• 1:44
  2024, and it goes through all the various events that
• 1:47
  happened. But what's really interesting to
• 1:49
  me here is the catalyst. So it seems like the catalyst
• 1:53
  was the election of Donald J Trump for president.
• 1:57
  It kind of makes sense, right? Is the end of the so-called
• 2:00
  Operation Choke .2 Point O era. And you know, Pennsylvania's
• 2:05
  first US state to propose Bitcoin strategic reserve.
• 2:08
  Now it's a bunch of other states.
• 2:10
  And of course, David Sachs appointed USAI and Cryptozar.
• 2:14
  We're actually going to be playing you guys a video of the
• 2:17
  David Sachs press conference from yesterday where he verbally
• 2:23
  convert verbally firmed that the United States of America is
• 2:27
  seriously considering AUS strategic Bitcoin reserve.
• 2:32
  So you guys are going to stay have to stay tuned until we play
• 2:35
  that video for you guys, but let's continue looking at this
• 2:38
  report. So the spot Bitcoin ETF complex
• 2:41
  was the most successful ETF launch in history.
• 2:46
  There's absolutely no surprise there whatsoever.
• 2:49
  Bitcoin is the best asset the world has ever seen.
• 2:52
  Upon its fourth having bitcoins in inflation rate dropped below
• 2:56
  gold's long term supply growth. It goes on to say bitcoins
• 3:01
  annual volatility fell to an all time low while it's risk
• 3:05
  adjusted returns remain superior to most major asset classes.
• 3:11
  Now it goes on to say despite a steep decline in minor revenue
• 3:15
  after the halving bitcoins hash rate hit an all time high.
• 3:20
  I mean, you can make a very strong argument that the higher
• 3:23
  the hash rate, the harder it is to computationally attack bit
• 3:28
  the Bitcoin network and the higher the theoretical security
• 3:34
  value proposition. You can make a very good
• 3:36
  argument for that. Transaction count soared thanks
• 3:39
  to runes. I mean, it's some things that we
• 3:41
  don't really like here. It's simply Bitcoin, but I'll
• 3:45
  keep going. Bitcoin observed absorbed major
• 3:48
  cell pressure in 2024. We had the German government, of
• 3:52
  course, selling a massive amount of Bitcoin.
• 3:54
  An increasing number of public companies now hold Bitcoin.
• 3:58
  I mean, that's some signal right there.
• 4:00
  Of course you have MicroStrategy, you have
• 4:02
  Marathon, you have Riot, you have Hut 8, you have Tesla.
• 4:06
  I think that's some a lot of people are sleeping on that
• 4:09
  fact, the fact that Tesla holds a lot of Bitcoin.
• 4:12
  Coinbase, Cleanspark Block, Bitcoin Group SE.
• 4:17
  It continues to say Bitcoin's aggregate cost basis hit a new
• 4:21
  high in 2024. And let's get to the page that
• 4:26
  everyone has been waiting for. Bitcoin is on pace to meet our
• 4:32
  2030 price predictions. Now initially when Arc invests
• 4:38
  and Kathy Wood was dropping these price predictions, I think
• 4:41
  it was back in 2023 or 2022 and back then she predicted her base
• 4:47
  case was $648,000 Bitcoin by 20-30 her her, her bull case I
• 4:54
  believe was one point. It was lower than 1.5 and her
• 4:58
  base and her bare case was 250 K.
• 5:01
  So all of her cases have gone up and the base case, like the base
• 5:07
  case by 20-30 is $710,000 Bitcoin.
• 5:11
  That's up from the $648,000 Bitcoin that she predicted in
• 5:16
  the previous report. Now the bulk case, which is
• 5:19
  quite interesting, is $1.5 million Bitcoin by the year
• 5:24
  2030. And of course we're looking at
• 5:27
  the CAGR number. Now the Kaggar numbers is what
• 5:30
  is the annual return if you if you average it out between now
• 5:35
  and 2030. So the base case is a 40%
• 5:39
  Kaggar. I think that's, you know, pretty
• 5:41
  conservative that, you know, considering bitcoins history
• 5:45
  where it's like 250% or 300 three 100% Kaggar and the bit
• 5:50
  the bull case is a 58% Kaggar by the year 2030.
• 5:55
  And of course, all this depends on institutions, investment, the
• 6:00
  Bitcoin replacing gold, emerging market, safe haven, national
• 6:07
  state treasury, which I think there's a very high probability
• 6:11
  this year, ladies and gentlemen, and we'll play you guys a clip
• 6:14
  by David Sacks during the number segment of the show.
• 6:17
  But there's a very high probability that the strategic
• 6:20
  Bitcoin reserve is happening this year, which I think would
• 6:25
  absolutely send the price to create crazy, crazy, crazy
• 6:30
  levels and new heights. I think the world has, you know,
• 6:33
  I think that none of us are. But anyways, before I continue,
• 6:37
  Opti, what is your take on this man?
• 6:40
  I mean, is this bullish? Is this bearish?
• 6:43
  What's your take? Well.
• 6:45
  First of all, when I was kind of reading over this report this
• 6:49
  morning, I was kind of joking and trolling on the fact that I
• 6:52
  absolutely love seeing these institutional, you know,
• 6:56
  managers make these really nice reports with a lot of really
• 6:59
  fancy charts. It makes all of our price
• 7:01
  predictions just sound so much better.
• 7:03
  You know, it's got a lot more cojones to it.
• 7:05
  It's like they're, you know, it's not just us pulling,
• 7:08
  pulling data out of our behind here.
• 7:11
  It's like, look at all the data, you know, add it all together,
• 7:14
  aggregate all of the different positive things happening in
• 7:19
  Bitcoin. And This is why we can get to
• 7:22
  this prediction of, you know, bitcoins going to hit what, 1.5
• 7:26
  million on the bull case by 20-30, seven, 100,000 by 20-30,
• 7:32
  You know, so I obviously love these predictions.
• 7:35
  I was actually telling Nico this morning, I was on the phone with
• 7:37
  one of my friends and he's kind of loosely a bitcoiner, and I
• 7:40
  was telling him kind of something similar.
• 7:42
  You know, I wish I had this report to kind of just send it
• 7:44
  to him, but he obviously wasn't going to read it.
• 7:48
  But I was explaining to him that I, I think in the next 10 years
• 7:53
  or so, we're going to see something on the lines of what
• 7:56
  Kathy was just saying with these price predictions.
• 7:59
  I was telling him like, yeah, you know, even if we, we don't
• 8:03
  really hit 2030, like if Bitcoin plays out like the 20 this
• 8:06
  cycle, 2017 cycle, that means what, what everyone's saying
• 8:10
  it's like $2,000,000 per Bitcoin.
• 8:11
  And he's like, dude, you're crazy.
• 8:13
  Like that is, that's way too, way too insane.
• 8:15
  Like what's that from here? What's that means the Bitcoin
• 8:18
  market cap's going to be, and I'm like, yeah, maybe it's not
• 8:21
  going to happen this year, but by 20-30, I think it's or rather
• 8:24
  10 years, whether it's where we have five years or 10 years from
• 8:27
  now, I think it's very safe to assume in a very conservative
• 8:32
  assumption to speculate that Bitcoin is going to be in the
• 8:35
  seven figures. Obviously, we don't know when
• 8:38
  it's going to happen. We obviously know that it will
• 8:40
  happen, as a lot of Bitcoiners have been saying forever.
• 8:42
  We all thought that Bitcoin was going to get 6 figures last
• 8:46
  cycle. It got cut short.
• 8:48
  So we don't really know the win, but we know the how much you
• 8:52
  know, we know how much it's going to be it's going up
• 8:55
  forever. A hard cap asset or hard, hard
• 8:58
  cap currency, with all of the crazy things going on in the
• 9:01
  world, and if you laid out everything going on in the
• 9:03
  world, it just makes perfect sense that the world's going
• 9:07
  digital. We're seeing analog assets or
• 9:10
  analog currencies start to transition to the digital world,
• 9:13
  just like we saw all of the analog technologies get
• 9:16
  transformed and transition into the digital world.
• 9:19
  So I don't think this is too far fetched, but I do love to see
• 9:22
  Kathy Wood kind of double down on her predictions and be like,
• 9:25
  actually, you know, guys, our 2025 outlook is we're on page to
• 9:30
  hit our 2030 targets. I like some bull sauce in the
• 9:33
  morning. But Nico, I think it it's very
• 9:35
  interesting. If could you zoom in on the side
• 9:38
  of that those those side numbers, they're not, not the
• 9:43
  not the prediction, but the yeah, yeah.
• 9:45
  So go over there. Those numbers are pretty
• 9:47
  interesting when you kind of break, break everything down.
• 9:50
  And even these seem very conservative.
• 9:53
  You know, nation state treasury total assets under management, a
• 9:56
  bull case is 7%. Like I think we, you know, I
• 9:59
  think we can vary, we can hit that pretty soon.
• 10:02
  Digital gold market cap 60% by 2030.
• 10:06
  Like, you know, I'm, I'm kind of I'm kind of agreeing with stuff
• 10:10
  institutional investments we're hearing like the Ray Dalios of
• 10:13
  the world essentially say that, yeah, you want to have at least
• 10:17
  2%. Remember Blackrock's been
• 10:18
  shifting how much percentage of your portfolio should be in
• 10:22
  Bitcoin? It's kind of inching up so 6.5%
• 10:24
  of institutional capital going into Bitcoin.
• 10:27
  I think that's kind of low. These these numbers aren't that
• 10:30
  crazy when you really consider what's going on and and
• 10:33
  everything playing out. And I think as we start to
• 10:37
  really see what's happening in the traditional financial world,
• 10:40
  like these numbers are going to go up.
• 10:41
  So maybe even her bull case is conservative here.
• 10:44
  I don't know. I'm obviously bull tarted AF and
• 10:47
  I'm always like bitcoins going to the moon, I mean, taking over
• 10:51
  the world. But these are conservative
• 10:52
  numbers when you really break it down.
• 10:53
  For sure, and I I don't think she can be completely.
• 10:57
  Bull. Tarted like us in the community,
• 10:59
  right? You know she, she has an ETF.
• 11:02
  You know she, she has Tradfi. She has a respective Tradfi.
• 11:05
  So she can't go full, you know, Bitcoin full Bitcoin Twitter and
• 11:11
  just, you know, just go bananas, right?
• 11:14
  So yeah, I mean, just a a couple notes on that.
• 11:18
  And what I'll say too is let us know what you guys think.
• 11:21
  If you guys think the the base case is more viable, the base
• 11:26
  case is. No, no, let me let me do this
• 11:29
  and you go drop A1 in the chat if you think 1.5 million by
• 11:33
  2030, drop A2 in the chat if you are bearish on that scenario
• 11:38
  playing out. There we go.
• 11:39
  So drop a drop A1 for 1.5 million if you think that's
• 11:43
  going to happen by 20-30 and drop A2 if you think that is
• 11:47
  absolutely insane and you guys disagree.
• 11:50
  Also, guys, smash the like button.
• 11:53
  Help us break 100 likes within the 1st 15 minutes of the show.
• 11:58
  We're almost there. So smash the like button and
• 12:01
  appreciate the Rumble audience, the X audience, and of course
• 12:05
  the YouTube audience as well. You guys are listening to Simply
• 12:08
  Bitcoin live now. I saw this very, very
• 12:11
  interesting thread this morning. Let me let me show it off to you
• 12:15
  guys. It's by Stack Hodler and it's
• 12:19
  important guys to remember perspective and it's it's a more
• 12:24
  it's important to remember where you kind of are in the movie.
• 12:28
  I've told you guys many, many times.
• 12:30
  I think 2021 was a huge let down for the Bitcoin community
• 12:34
  because of the China mining ban. We had this like weird, strange
• 12:38
  double top. We didn't have a really
• 12:41
  explosive blow off top like usually happens in Bitcoins
• 12:45
  history, and I've been making the case that we don't remember
• 12:49
  what that feels like in Bitcoin land.
• 12:52
  I remember having a conversation with Samson Mao over the weekend
• 12:56
  and he was basically saying like, look like, I don't believe
• 13:00
  in diminishing returns. I totally see we can do a A10XI.
• 13:04
  Don't see why that's impossible. Bitcoin is better money.
• 13:08
  That's what you have to understand.
• 13:09
  And if the United States comes through with the strategic
• 13:13
  Bitcoin Reserve, I'm telling you, I'm telling you it's so
• 13:16
  much confident. I really believe we'll see 500K
• 13:19
  Bitcoin this year. If that happens.
• 13:22
  And if it doesn't happen, I still think Bitcoin is going to
• 13:24
  do amazing regardless. Samson Mouth thinks is
• 13:26
  predicting $1 million Bitcoin this year, which again, if you
• 13:31
  look at bitcoins history, you know a 10X in a year isn't that
• 13:35
  crazy. Now I know it's a larger market
• 13:37
  cap. There's the whole theory of
• 13:39
  diminishing returns. Like, you can make a lot of
• 13:41
  solid arguments why a 10X this year is completely out of the
• 13:45
  question, but you could dream, right?
• 13:48
  Anyhow, here's Stack Hodler and he says it's early 2017.
• 13:52
  You're up massively after loading up on Bitcoin in the two
• 13:56
  hundreds and 2015. But now Bitcoin is crashing
• 14:00
  after setting new highs above the 2013 high.
• 14:03
  Is the bull market over? Should you sell now, take
• 14:07
  profits rather than risking another brutal bear market?
• 14:10
  See next tweet for answer. And this is so important.
• 14:14
  You have to understand guys, like when you're in the thick of
• 14:17
  things, when you're seeing things channeling AT97KA105K and
• 14:24
  then it goes down to 92 and you're seeing your net worth
• 14:27
  just like, you know, move around.
• 14:30
  That's emotionally taxing. It's like, dude, this is crazy.
• 14:35
  But if you look at if you look at 2017, right, it, it kind of
• 14:40
  just, you know, like it didn't really do much like in January
• 14:45
  percentage terms, like it didn't really move, right.
• 14:49
  So but what happened at the end of January, as you can see, this
• 14:54
  thing shot up to 20 K and this is what January look like.
• 14:58
  So you see all this volatility, This is what January looked like
• 15:02
  back then. This is what that moment in
• 15:04
  history look like if you consider the end of the year.
• 15:09
  So I think there's, you know, a very high probability that
• 15:13
  Bitcoin, you know, continues to follow its previous cycles.
• 15:17
  I think we're going to have an explosive after the having year,
• 15:23
  which is from a historical context, that's when Bitcoin
• 15:27
  tends to be the most parabolic and the most volatile.
• 15:30
  I think that's going to continue to happen.
• 15:33
  And if you look at history, January was very, very, quite
• 15:36
  quiet in 2017. I think we just, we literally
• 15:39
  channeled in the 1K region for a very, very long time.
• 15:43
  And as you can see, the, the year ended up explosively, but
• 15:48
  not after many, many months of it kind of just channeling of it
• 15:51
  going sideways of it being boring.
• 15:54
  So it's just, it's important to remember that in Bitcoin there's
• 15:59
  many, many months, even years where nothing happens.
• 16:02
  And then there's a month or two where everything happens, right?
• 16:07
  And that's where all the throw comes and and that's where all
• 16:10
  the number go up comes and all that stuff.
• 16:12
  So I was around for 2017. Opti was around.
• 16:15
  I'm sure you remember these days, bro.
• 16:17
  It was like we could never have imagined 20K Bitcoin by the end
• 16:22
  of the year. So if we apply that to now,
• 16:25
  like, could you, you could never have imagined 500K or 250K
• 16:30
  Bitcoin by the end of the year. It's unimaginable from where
• 16:33
  we're standing, where, where we're at right now in February
• 16:37
  of 2025, we could not imagine that.
• 16:40
  It's unbelievable. But November of 2024, we were at
• 16:44
  60K. If I told you we're going to hit
• 16:47
  100K by the end of the year, which I think we actually
• 16:49
  predicted last year, you wouldn't have believed me.
• 16:52
  You would have said you are crazy, right?
• 16:55
  But it hit 100K. So I mean, look, I'm very, very
• 16:58
  bullish for this year. I think everyone's going to be
• 17:00
  surprised, but it doesn't, it shouldn't change your strategy.
• 17:03
  And that strategy is stay humble stack Sats.
• 17:07
  Bitcoin is the best asset the world has ever seen and its
• 17:10
  number is guaranteed to go up forever 21,000,000 divided by
• 17:15
  Infinity. Anyways guys, I do want to give
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• 18:57
  we have a ton to talk about today David Sacks historical
• 19:01
  press conference and of course, it seems like we are ending
• 19:05
  operation choke .2 point O is completely collapsing it's over
• 19:10
  the SEC is scaling back enforcement.
• 19:14
  It's all coming to an end. And also DOGE and I'm, I'm not
• 19:17
  talking about the cryptocurrency, but the
• 19:19
  Department of Government efficiency is uncovering many,
• 19:23
  many, many things and I think has us asking some very
• 19:28
  interesting questions. All right, everybody, let's get
• 19:31
  on to numbers. We have tons to talk about.
• 19:32
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  se-ed.com. At the time of recording, the
• 21:23
  Bitcoin price is 97,630 block height 882,429 sats per dollar
• 21:31
  1024 market cap 1.93 trillion Bitcoin versus gold market cap
• 21:37
  9.6% Percentage issued 94.38% decline from all time high
• 21:44
  -10.6% realized monetary inflation 1.02%.
• 21:51
  In grand scheme of things, we're just getting started and Bitcoin
• 21:54
  is continuing to take Fiat currencies to absolute school.
• 21:57
  All right guys, this is massive, massive news.
• 22:01
  I can't emphasize that enough. The so-called cryptos are David
• 22:08
  Sachs held the friends as it relates to digital assets.
• 22:13
  Here's the Forbes article gives a little bit of context.
• 22:16
  Yesterday, David Sachs, President Trump's crypto and
• 22:19
  Aizar held a press conference alongside Senator Tim Scott,
• 22:24
  Representative French Hill, Senator John Boozman, and
• 22:27
  Representative GTGT Thompson to to unveil new plans for US
• 22:34
  leadership in digital assets. They introduced the Genius Act,
• 22:39
  a bill aimed at regulating stable coins by establishing
• 22:44
  clear issuance procedures and designating federal and state
• 22:48
  regulators based on the issuer size.
• 22:51
  Sachs emphasized that keeping innovation on shore is a top
• 22:56
  priority to ensure the US maintains global leadership in
• 22:59
  financial technology. To advance this initiative, he
• 23:03
  announced a joint working group between the House and Senate
• 23:06
  dedicated to crypto legislation. This effort reflects the
• 23:10
  administration's broader goal of creating regular Tory clarity
• 23:15
  and fostering a thriving blockchain ecosystem within the
• 23:18
  United States. Despite these announcements, the
• 23:21
  market responded negatively. With Bitcoin's price declining,
• 23:25
  some investors were frustrated by the lack of exclusive market
• 23:29
  moving news. Failing to recognize the
• 23:32
  comprehensive legislation is necessary for crypto adoption at
• 23:36
  the national level, especially if the government intends to
• 23:39
  hold digital assets as part of its Treasury reserve.
• 23:43
  Now here is Cynthia Lummus. I think addressing just this
• 23:47
  because I think a lot of people were expecting a so-called
• 23:51
  strategic Bitcoin reserve. I think a lot of people were
• 23:54
  exciting excited for that. I think a lot of people were,
• 23:58
  you know, I think a lot of people were expecting that.
• 24:01
  After all, that is what Trump promised at the Nashville
• 24:05
  Bitcoin 2024 conference. But what I got to tell everybody
• 24:10
  is it's important to remember this is politics, and politics
• 24:15
  is ugly. Politics is full of compromises,
• 24:19
  and politics is a slow process. But I do believe that if I told
• 24:24
  you that the United States was considering a strategic Bitcoin
• 24:27
  reserve two years ago or three years ago, you would not have
• 24:32
  believed me. If I told you that it was going
• 24:35
  to be the end of Operation Choke .2 Point O, you would not have
• 24:39
  believed me. The fact that the US is even
• 24:42
  considering AUS strategic Bitcoin reserve, look at how
• 24:46
  much has changed within a year. So it's important to have
• 24:52
  perspective and if we truly believe that the that Bitcoin is
• 24:56
  the is the best asset the world has ever seen.
• 24:59
  I think all roads, all roads lead to Bitcoin.
• 25:02
  I think it's an inevitability that this happens.
• 25:05
  Now. I think that's very positive
• 25:07
  from a number go up perspective. But from a revolutionary
• 25:12
  perspective, self custody is the revolution.
• 25:15
  It's a totally different discussion.
• 25:17
  So there's Bitcoin as the investment and then there's
• 25:19
  Bitcoin as the revolutionary technology of enabling
• 25:24
  individuals to reclaim back their financial sovereignty by
• 25:27
  taking Bitcoin into self custody.
• 25:29
  So I'm going to read this ex post by Senator Cynthia Lummis.
• 25:35
  She says a lot to do if you're frustrated that the thing you
• 25:38
  were hoping for isn't done yet. We are 15 days into a new a new
• 25:44
  and utterly transformative administration.
• 25:46
  Keep the pressure on, but don't get discouraged.
• 25:49
  I think that's the last part. Keep the pressure on, but don't
• 25:53
  get discouraged. So how do you keep the pressure
• 25:55
  on? Call your representatives if if
• 25:58
  you are on X make your voice known and heard.
• 26:02
  One of the things that we coined here at Simply Bitcoin is this
• 26:06
  is narrative trench warfare on the battlegrounds of the
• 26:10
  Internet and the way that you win narrative trench warfare on
• 26:14
  the battlegrounds of the Internet is memes.
• 26:18
  It's posts, it's making videos. That's how you win, right?
• 26:23
  It's all about the narrative. It's all about really putting
• 26:26
  pressure on. Remember what happened when
• 26:29
  Trump didn't free Ross on the day of his inauguration?
• 26:33
  There was a there was a letter written to his administration by
• 26:37
  Rand Paul. And of course, like what was
• 26:41
  happening, right? There was so much noise being on
• 26:45
  on Bitcoin Twitter. Everyone was tagging Trump and
• 26:48
  say, hey, look, we got you into office.
• 26:50
  You promised us that you were going to free Ross.
• 26:53
  What's going on here, bro? So it's important to remember
• 26:56
  that. Let's keep the pressure on.
• 26:58
  Let's keep making the noise. Here's David Bailey, CEO of BTC,
• 27:02
  Inc Bitcoin Magazine, the Bitcoin conference.
• 27:04
  He says market completely misreading today's press
• 27:07
  conference. Strategic Bitcoin reserve is
• 27:09
  happening. It's a top priority direct from
• 27:13
  President Trump. They're assembling the top
• 27:15
  officials in the country to formulate a plan in next 80
• 27:19
  days. Half the working group is
• 27:21
  bitcoiners. The strategic Bitcoin Reserve is
• 27:24
  happening now. Here's a video of David Sachs in
• 27:28
  the beginning of the conference. Let's check it out.
• 27:31
  Great. Last question, Jagger, thank you
• 27:34
  so much gentleman. On the campaign trail the
• 27:38
  president said he supported the Bitcoin reserve.
• 27:40
  I'm curious what the plans are with that at this point and what
• 27:44
  the administration would consider putting crypto into a
• 27:48
  sovereign wealth fund. That So one of the things that
• 27:55
  the president instructed us to do was to evaluate the the the
• 28:00
  the idea for a Bitcoin reserve. And so that is one of the things
• 28:03
  that's one of the first things we're going to look at as part
• 28:05
  of the internal working group in the administration.
• 28:08
  So as soon as we get all that set up, we're still waiting for
• 28:11
  some cabinet secretaries who are on the working group to get
• 28:13
  confirmed. So we're still in the very early
• 28:15
  stages of this. But that's one of the first
• 28:17
  things we're going to we're going to look at is the
• 28:19
  feasibility of a Bitcoin reserve.
• 28:21
  I think the concept of the sovereign wealth funds a little
• 28:23
  separate and you have to talk to Secretary Ludnik or soon to be
• 28:28
  Secretary Ludnik. So that's something that's
• 28:33
  something to keep. That's something to keep in
• 28:35
  mind. Here's another clip of him being
• 28:37
  interviewed outside of the White House.
• 28:41
  David recast for a oh, sorry about that David recast for us,
• 28:51
  if you will, the value of Bitcoin, specifically
• 28:55
  cryptocurrency and blockchain technology in general, as we're
• 28:59
  now in the Trump administration era.
• 29:01
  We're in the back half of the twenty 20s back five years ago,
• 29:05
  plus there was talks about, you know, using it as a means of
• 29:08
  buying things. Now it's more about the store of
• 29:11
  value and the and the way you know, perhaps hedge against
• 29:15
  against inflation in various currencies.
• 29:17
  What do you see as the real value and the reason why the
• 29:20
  United States government should be paying so much attention to
• 29:23
  it? Well, I think there's a few
• 29:25
  different aspects here when you're talking about digital
• 29:27
  aspects. So first of all, you got
• 29:28
  Bitcoin. It was the first digital
• 29:30
  currency and it's the original. It's the strongest one.
• 29:34
  It in the parlance of the industry, it's the most lendy
• 29:36
  meaning, meaning it's been around for over a dozen years
• 29:39
  now. No one's ever hacked it, no
• 29:40
  one's ever cracked the security around it.
• 29:42
  And so it is a excellent store of value.
• 29:45
  So that would be point #1 Bitcoin is run on, as you know,
• 29:49
  a blockchain. It's basically distributed
• 29:50
  Ledger, which is essentially a form of decentralized computing.
• 29:54
  And that platform can be used to create a lot of other types of
• 29:57
  products. And so that would be sort of
• 29:58
  technology area #2 is all the innovation that can be built on
• 30:02
  top of block chains. And then I would say 1/3 area
• 30:05
  that's very interesting is stable coins.
• 30:07
  And this is an area that has already taken off, but mostly
• 30:11
  offshore. We want to bring that innovation
• 30:13
  onshore. We want to enable legislation to
• 30:17
  allow the issuance of stable points in the United States.
• 30:20
  And I think the power of stable coins is that it could extend
• 30:23
  the dollar's dominance internationally, extended online
• 30:27
  digitally and create potentially trillions of dollars of new
• 30:30
  demand for our U.S. Treasuries which help could help
• 30:33
  support our debt and bring bring down long term interest rates.
• 30:36
  So I think these are all three very.
• 30:41
  So I mean, Opti, what's your take on this?
• 30:44
  I think, I think we were all expecting things to happen a lot
• 30:47
  sooner than anticipated. I think we were expecting a
• 30:52
  executive order essentially ushering the strategic Bitcoin
• 30:55
  reserve from day one. You know, he did make some
• 30:58
  pretty big promises in Nashville.
• 31:01
  And it seems like that has fallen by the wayside.
• 31:04
  I think even Senator Lummis is understanding that and she's
• 31:08
  reading the frustrations that people are having because I
• 31:12
  think all of us were expecting to get our, our, our bags
• 31:15
  pumped. That was part of the deal,
• 31:17
  right? That was that was part of the
• 31:19
  deal. And obviously, you know, the
• 31:21
  moment the United States makes an announcement basically
• 31:25
  calling for a strategic Bitcoin reserve, Yeah.
• 31:29
  I mean, I think bitcoins going to move up very, very quickly.
• 31:32
  I think that's the stamp of approval by one of the most
• 31:36
  powerful governments on the face of the planet.
• 31:38
  So, yeah, Opti, what's your take on this, bro?
• 31:41
  I mean, is, are you, are you, are you, are you let down?
• 31:46
  Are you disappointed? Are you?
• 31:48
  How you feeling about all this? Well, I'm highly disappointed.
• 31:52
  I was, I was promised 150K day one.
• 31:54
  You know, I don't know. I don't know what all this, this
• 31:56
  price pumping is that that's supposedly going to happen.
• 31:59
  It didn't happen. No, I'm, I'm trolling that.
• 32:01
  What I'm talking about is Trump was saying he wants to see 150K
• 32:05
  Bitcoin early in his, I think it was 100 days early in his
• 32:09
  presidency. So I mean, look, I was kind of
• 32:13
  saying this when the executive order was dropped that I wasn't
• 32:17
  sure what day one was actually. Was it inauguration day?
• 32:20
  Was it the following day? And I mean, depending on the
• 32:23
  semantics here, he did kind of follow through with that
• 32:26
  executive order, at least talking about, I know it was a
• 32:30
  digital asset stockpile, which is, you know, fingernails on a
• 32:34
  chalkboard to me. But on the Senator Lummus point,
• 32:40
  I think I might kind of disagree with her a little bit.
• 32:43
  Like, yes, obviously, and this is not just me being a
• 32:45
  bitcoiner. Like, yes, obviously I want to
• 32:47
  see this stuff pick up and happen very quickly because
• 32:50
  someone in the chat said, like, what do they got to study?
• 32:52
  All they got to do is buy some Bitcoin and put it on a
• 32:54
  passport. Like that's all they got to do.
• 32:57
  But the, the, the pushback that I would kind of say to the
• 33:03
  Senator Lemma stuff is like, yes, I know we're only two weeks
• 33:06
  into this administration and I think they're doing a lot of a
• 33:09
  lot of stuff and they're moving very quickly on a lot of things
• 33:11
  outside of just the Bitcoin space.
• 33:13
  But we also got to remember like midterms are in, you know, two
• 33:17
  years. And so realistically, we
• 33:20
  probably only have about a year to get this stuff in.
• 33:23
  And I know they're saying 80. Well, it was 90 days.
• 33:26
  And so I will give them some time and some leeway to, to
• 33:31
  actually like look through this and, and make the right
• 33:33
  decision. But in reality, we don't really
• 33:36
  have that much time to push through this Bitcoin strategic
• 33:39
  reserve because, you know, we basically have a year because
• 33:42
  next year they're going to go so in full OverDrive for the 2020
• 33:45
  or what's it, 2027 midterms? And then all of the, you know,
• 33:50
  they're not going to do any crazies.
• 33:51
  Is it 2026? Yeah.
• 33:53
  OK, OK, so whatever. We have two years basically
• 33:56
  until the midterms. And so that means that we
• 33:59
  basically have a year because next year they're just going to
• 34:02
  kind of pull things back. They can't be doing anything too
• 34:05
  outlandish because they're trying to secure some more seats
• 34:08
  in the House. So, you know, realistically we
• 34:10
  don't have that much time right now, but I do trying to give
• 34:14
  them some leeway. Yes, of course governments move
• 34:16
  slower than an individual would or institutional capital.
• 34:19
  Remember how long it took the institutional capital getting
• 34:22
  Bitcoin? Remember how long it took to get
• 34:24
  the ETF approved? So like it doesn't move as
• 34:27
  quickly as an individual would or a small business would.
• 34:30
  Even though there is a lot of venture capitalists now in the,
• 34:33
  in the federal government and a lot of them are holding Bitcoin,
• 34:37
  I am optimistic about or cautiously optimistic about
• 34:42
  essentially it being a Bitcoin reserve.
• 34:44
  Because you know, like you, you, you don't want, you don't want
• 34:47
  your reserves to be, to be in some speculative alt coin here.
• 34:51
  And now that we also have that sovereign wealth fund dropped
• 34:54
  yesterday, it looks very interesting.
• 34:57
  It looks no matter what mechanism is, they will be
• 35:01
  holding Bitcoin in some form or fashion.
• 35:04
  And so that is going to legitimize Bitcoin.
• 35:06
  Obviously, I'm here for the revolution.
• 35:09
  I want you, the individual out there to be holding Bitcoin.
• 35:12
  But whatever it takes for Bitcoin to be legitimized in
• 35:14
  your mind, hey, I, I'm not here to nitpick it.
• 35:17
  It doesn't have to be pretty. It just has to be done.
• 35:19
  So whatever it is for Bitcoin to be legitimized in your minds,
• 35:24
  then I'll take it. Just make sure that you're
• 35:26
  buying Bitcoin, not leaving it on an exchange.
• 35:28
  You're taking it into custody and all of this stuff will work
• 35:32
  itself out eventually. And what really matters is the
• 35:34
  adoption of Bitcoin. Now there is one more point in
• 35:37
  this, but I'm going to I'm going to leave that for the culture
• 35:39
  and it's that whole stable, stable coin comment at the end.
• 35:42
  But I, I, I'm going to talk about that in the culture.
• 35:45
  So that's what kind of my take on, you know, are we being kind
• 35:49
  of high tide preference here? Are, you know, are we, are we
• 35:52
  being well, are we being titled babies here because it's not
• 35:55
  happening quick enough? I kind of would say yes.
• 35:58
  But also we really don't have that much time.
• 36:01
  Just this is how the the mechanism of politics works out.
• 36:04
  And so, you know, I love Cynthia Lummis and I think she is right.
• 36:08
  You know, no, no, there is no benefit of us freaking out here.
• 36:13
  But there is kind of a time limit.
• 36:19
  Yeah, 100%. I agree.
• 36:21
  I think we have two years before the the Trump administration.
• 36:27
  We have two years. I mean, look, so for anyone who
• 36:29
  doesn't understand American politics, what tends to happen
• 36:32
  historically is that the incumbent party loses the House
• 36:35
  or the Senate. So there's a high probability
• 36:39
  that the Democrats will essentially, it won't be a
• 36:43
  trifecta government now that Trump has where he can
• 36:46
  essentially just get through legislation extremely quickly.
• 36:50
  He got a mandate from the American people.
• 36:52
  He won the popular vote, you know, electoral landslide.
• 36:55
  You can make an argument for that.
• 36:57
  And of course, he won the House, he won the Senate.
• 37:00
  Now, does this mean that, you know, that there aren't some
• 37:06
  Democrats that are going to be pro Bitcoin?
• 37:09
  I was talking to Senator Cynthia Lummis in DC and you know, there
• 37:13
  are, there are senators like Senator Gillibrand and ROH
• 37:17
  Khanna. So it's not monolithic, it's not
• 37:20
  black and white. But the party as a whole, if
• 37:23
  it's still controlled by the Elizabeth Warren camp, doesn't
• 37:26
  exactly feel very pretty or doesn't feel very kindly towards
• 37:31
  the industry. If you take a look at one of
• 37:34
  the, one of the, one of the things that they tried to pass
• 37:37
  in the House was the Republicans introduced a bill that would
• 37:40
  essentially ban the federal government from rolling out a
• 37:43
  central bank digital currency. And unfortunately, that bill
• 37:47
  went across party lines, right? So most of the Republicans
• 37:53
  essentially voted for a, voted for the bill which would make it
• 37:57
  illegal for the federal government to roll out of CBDC.
• 38:00
  And most of the Democrats voted for against the bill that would
• 38:05
  ban the the federal government from rolling out of central bank
• 38:08
  digital currency. So, yeah, I think there's two
• 38:11
  years to really for them to roll it out.
• 38:13
  But I do agree with Senator Lummus, it's only been 15 days
• 38:18
  so far. Ross is freed.
• 38:19
  So I think there is progress being made.
• 38:22
  But I think that doesn't take away, you know, that doesn't
• 38:25
  take it. We should keep up the pressure
• 38:27
  is what I'm trying to say. We should not, you know, take
• 38:30
  our foot off the gas. Pestle got a gas, a gas pedal.
• 38:33
  I think this would be extremely positive from a price
• 38:36
  perspective. I think from a revolutionary
• 38:40
  perspective, we got to keep pushing self custody.
• 38:42
  Self custody is a revolution. You want individuals all around
• 38:46
  the world buying Bitcoin and putting that Bitcoin into self
• 38:50
  custody. Anyways, guys, before we move on
• 38:52
  to the next segment, I do want to talk to you about what we're
• 38:55
  going to talk about. So essentially, there's a lot of
• 38:58
  news coming out of of Dodge. And I'm not talking about the
• 39:03
  cryptocurrency, I'm talking about the Department of
• 39:08
  Government efficiency, which was something that Elon Musk was
• 39:12
  going to essentially run and, and take care of.
• 39:16
  And essentially it, it has discovered some very interesting
• 39:21
  things in terms of where a lot of this funding was going to.
• 39:26
  And what's really interesting to me as well is the amount of
• 39:31
  pushback that it has gotten and the arguments that are being
• 39:35
  used essentially to try to stop DOGE.
• 39:39
  So we're going to cover a lot of that today because I think it
• 39:43
  leads to a very fundamental question that we have to really
• 39:48
  ask ourselves, right? Why?
• 39:51
  Why was this all this capital misallocation, you know, all
• 39:56
  this waste? Why is this even possible?
• 40:00
  And even if DOGE does a job, does its job and cleans it up.
• 40:05
  We're just one election away from being right where we
• 40:09
  started, right? So how is all this possible?
• 40:13
  This is possible because of the money printer.
• 40:17
  If we don't address that issue, these things will repeat
• 40:23
  themselves. I can't, I can't emphasize that
• 40:25
  enough. If the government or anybody has
• 40:29
  the ability to create money out of thin air, out of nothing, and
• 40:34
  there is no type of of downside from you printing money, why
• 40:41
  would you not print money? What, what, what is the downside
• 40:44
  to you as a politician for you not to print there?
• 40:47
  There is no downside. There is no downside.
• 40:50
  There is no listen, if I make mistakes, simply could go out of
• 40:54
  business. If the government makes
• 40:57
  mistakes, they just print money. There is no market feedback.
• 41:03
  That's essentially telling them you're not really doing well.
• 41:06
  The only market feedback, technically the only feedback
• 41:09
  they receive is an election. And the way that I'm seeing
• 41:13
  elections as a bitcoiner is it's essentially like a popularity
• 41:17
  contest to see who controls the money printer.
• 41:19
  That's how I see it. That's really how I see it.
• 41:22
  So I think this doge thing is a step in the right direction, and
• 41:27
  it's definitely uncovered a lot of abuses and fraud.
• 41:30
  But I don't think it solves the fundamental issue.
• 41:33
  And I think this is where Bitcoiners are completely ahead
• 41:36
  of the curve because we understand, listen, you can have
• 41:41
  a great government, but what bitcoiners are making the
• 41:44
  argument for is that nobody should have the ability to
• 41:48
  create money for free, that another man has to work for it.
• 41:53
  That is a tremendous amount of power that governments have
• 41:57
  fundamentally abused. And I think it's important for
• 42:00
  everyone to remember is that that wasn't the original social
• 42:04
  contract. The original social contract was
• 42:08
  that money was backed by gold. That was the original social
• 42:11
  contract. This Fiat experiment, which I
• 42:14
  think has been disastrous for society.
• 42:17
  Like take a look at what the have happened in 1971.
• 42:21
  It's only been around since 1971.
• 42:24
  It has not been around longer than that.
• 42:26
  This idea that governments could just print out of thin air,
• 42:30
  it's, it's a pretty relatively new idea and it's completely
• 42:34
  destroyed my generation's ability to buy a home and save
• 42:39
  for the future. That is what Bitcoin is about.
• 42:43
  So even if you know, governmentally with this doge
• 42:48
  thing with Elon, even if we're heading in the right direction,
• 42:52
  it's important not to lose vision on what the end goal
• 42:59
  should be. And the end goal should be
• 43:02
  ending the Federal Reserve, ending the central bank.
• 43:07
  You can make a very strong case that it is the root of all evil.
• 43:11
  It is the root of all this fraud.
• 43:14
  It is the root of the the inability for the younger
• 43:17
  generations to save into the future.
• 43:20
  It is the root cause as to why the younger, younger generations
• 43:24
  are poorer than our parents. So we have to address that
• 43:28
  issue. I think the Overton window is
• 43:30
  shifting there. I think when Trump talks about
• 43:33
  the idea of ending the federal income tax, we are moving that
• 43:38
  Overton window closer and closer to until when the mainstream
• 43:43
  political discussion starts to become something like we need to
• 43:47
  end the Fed, we need to end the Fed, we need to end the central
• 43:52
  bank. And there's nothing to replace
• 43:54
  it to. You don't.
• 43:55
  You don't replace. You don't replace something.
• 43:58
  It was just a bad idea. It came with the best
• 44:01
  intentions. But it's been horrific.
• 44:04
  The worst depressions and recessions in American history
• 44:09
  have happened under the Federal Reserve.
• 44:12
  The worst world wars in American history have happened under
• 44:17
  federal the Federal Reserve. It failed it it, it was a failed
• 44:22
  experiment. It is a failed experiment.
• 44:24
  But I think the reason that you don't hear politicians talk
• 44:27
  about it so much is it's because it's their source of revenue.
• 44:32
  And I'm not talking about income tax.
• 44:33
  I'm talking about taxation via inflation.
• 44:37
  All right, everybody, let's get to the news.
• 44:39
  We have tons to talk about. We'll be right back.
• 44:41
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• 46:59
  All right, everybody, let's get into today's.
• 47:03
  Let's get into today's news. So the argument that I've been
• 47:08
  seeing against DOGE doesn't make sense.
• 47:12
  So the argument is essentially that Elon and DOGE can't audit
• 47:17
  the government, which you supposedly pay for, but they can
• 47:21
  audit you or you go to jail. That doesn't make sense.
• 47:25
  It's supposed to be a government by the people, for the for the
• 47:28
  people. The government works for you,
• 47:31
  your taxpayers, your tax dollars fund the government.
• 47:35
  The idea that you can't audit the government, but if the the
• 47:40
  government can't audit you, you go to jail.
• 47:42
  But it again, that that's, that's tyranny.
• 47:45
  That's, that's not how that works.
• 47:47
  This is not a dictatorship. This is supposed to be a
• 47:49
  representative democracy. That's that the government works
• 47:53
  for you. So this whole idea is completely
• 47:56
  Frankenstein. And I'll give you another
• 47:58
  example too. So remember when they tried to
• 48:01
  pass a law that that every $600.00 transaction had to be
• 48:05
  reported? Now the same people are saying
• 48:08
  that Elon shouldn't be able to audit anything government
• 48:10
  related. Now my question is, what do they
• 48:13
  have to hide? What, what, what do they have to
• 48:16
  hide? Why are they so against, you
• 48:18
  know, why are they so against these audits?
• 48:22
  What, what, what are they hiding?
• 48:23
  Why the double standards? So we're not going to get into
• 48:27
  anything, you know, anything that's not related to the show
• 48:30
  that we have. And one of the things that we
• 48:33
  always talk about on simply is the idea of the separation of
• 48:37
  money and state, but also the idea of the separation of
• 48:41
  information and state. Now, what a lot of thing, what a
• 48:44
  lot of people were not anticipating or were not aware
• 48:48
  of is did you guys know that a lot of your tax dollars, if you
• 48:54
  live in the United States, are actively funding media
• 48:57
  organizations? I mean, it kind of makes sense,
• 49:01
  right? A lot of the like, oh, why were
• 49:04
  they attacking Bitcoin? Like, why did they feel certain
• 49:06
  ways of certain ways about certain things?
• 49:09
  Well, that's because they're literally getting paid by the
• 49:13
  government. Check out one of the things that
• 49:15
  Doge uncovered. Doge uncovered that 37 FDA
• 49:21
  employees got political pro and essentially 5A half $1,000,000.
• 49:30
  That's how much those subscriptions were costing us.
• 49:33
  I mean, like, think about it from a taxpayer's perspective.
• 49:36
  The average salary in the United States is like 60-70 K.
• 49:40
  What are you paying in taxes out of that?
• 49:41
  Let's say 1015 K? Like, could you imagine how many
• 49:44
  people would have to pay taxes just to pay for these political
• 49:49
  Politico subscriptions? Like, it's absurd.
• 49:53
  But of course, it's not only that.
• 49:57
  Not just Politico. The Associated Press.
• 50:00
  Remember the same Associated Press that essentially like
• 50:04
  talks so much poo poo on Naimbu Kelly, on El Salvador, on El
• 50:11
  Salvador's Bitcoin law, right? And we know how the previous
• 50:14
  administration felt about Bitcoin, right?
• 50:19
  the US government was funding The Associated Press.
• 50:23
  They gave him $619,000. I mean this, this post makes
• 50:30
  perfect sense. The Associated The Associated
• 50:33
  Press's bias also makes perfect sense.
• 50:37
  I mean, so essentially we're uncovering that the US
• 50:40
  government is funding so-called independent media sources.
• 50:47
  How? What is the solution to this?
• 50:48
  Like doge I feel like is a Band-Aid.
• 50:51
  The solution is the separation of money and state.
• 50:54
  Because if not, this is going to keep happening for them,
• 50:59
  $619,000 is something they can literally print out of thin air.
• 51:06
  And they're using their ability to print out of thin air to
• 51:10
  essentially fund media organizations that were hostile
• 51:14
  towards you, to say, to put it nicely and to put it simply.
• 51:19
  Now, moving on, do you guys remember the New York Times?
• 51:23
  Well, The New York Times, the US Government.
• 51:26
  According to this repost by Elon Musk, the US government gave the
• 51:31
  New York Times 10s of millions of dollars over just the past
• 51:36
  five years, despite paying relatively little money to the
• 51:39
  New York Times in the years preceding 2021.
• 51:43
  For instance, in August 2024, the US government awarded $4.1
• 51:49
  million to the New York Times. Why is the US government giving
• 51:56
  money to legacy media institutions?
• 51:59
  It kind of makes sense why all those articles coming out of the
• 52:04
  New York Times that were so hostile towards Bitcoin?
• 52:08
  It all makes sense now. Who?
• 52:09
  Who were paying? Who was paying the New York
• 52:12
  Times the entire time millions of dollars?
• 52:14
  It was the US government, right? So you see how I'm connecting
• 52:18
  the dots here. Now, this is just like a part of
• 52:21
  Doge that we're talking about because we like to talk about
• 52:25
  information. Information is the front line.
• 52:28
  Free speech is the front line for the battle for Bitcoin, the
• 52:31
  separation of money and state. So we like to talk about this,
• 52:34
  but it all makes sense now. The attacks on Naimbu Kelly, the
• 52:38
  attacks on Bitcoin by the New York Times, the the same
• 52:42
  government that was essentially doing Operation Choke .2 Point
• 52:46
  O, that same government was also paying those media outlets where
• 52:51
  which me and Opti spent so much time and effort debunking.
• 52:57
  It all makes sense. Follow the money and it's very
• 53:02
  interesting to me as well. Why is a government funding
• 53:08
  so-called independent media? What?
• 53:13
  What? And then as a taxpayer, are you
• 53:17
  OK with that? Are you OK with that?
• 53:19
  Because that same media was attacking your bags, right?
• 53:23
  So, yeah, I mean, this is crazy. We're only 15 days in.
• 53:28
  I think what's gonna be discovered by this whole doge
• 53:31
  thing is gonna be so eye opening.
• 53:34
  And again, their only attacks on this is basically Elon shouldn't
• 53:39
  have that type of power to go in there and essentially audit what
• 53:45
  they're doing. That's absurd.
• 53:47
  Remember, you are paying for that.
• 53:51
  You are paying for that. You are paying the government,
• 53:54
  You're paying the government for these services.
• 53:57
  And they're basically saying, no, you can't look at what we're
• 53:59
  doing with the money you're giving us.
• 54:02
  That's tyranny. That that's tyranny.
• 54:04
  That's what it is. So I haven't seen any good
• 54:07
  excuses so far. And their actions, right, in
• 54:12
  terms of them trying to cover up what is happening and then
• 54:17
  what's coming out from what is being discovered, like it makes
• 54:20
  them look really, really guilty. Do you guys remember the Senator
• 54:24
  Bob Menendez? Bob Menendez, he said that what
• 54:31
  Naimbu Kelly was doing was criminal with Bitcoin and
• 54:34
  whatever he was discovered. And I, I believe he was just
• 54:39
  charged and he was convicted for taking bribes from the Egyptian
• 54:45
  government in gold bars, right. So what I'm seeing here is a
• 54:50
  classic case of projection. They're projecting onto US what
• 54:55
  it is they're guilty of themselves.
• 54:57
  I think transparency in government is key and if you
• 55:01
  guys are so worried you should have nothing to hide.
• 55:04
  But so far, only a week after Elon is looking in, look at all
• 55:08
  the BS we felt, look at all the BS he's he's found.
• 55:12
  It's absurd. the US government should not be funding
• 55:15
  independent media sources, because if they're funding
• 55:19
  independent media sources, they're no longer independent.
• 55:22
  If someone is paying you $4 million a year, what are you
• 55:26
  incentivized to do? You're incentivized to like,
• 55:30
  write good stories about the person who's paying you $4
• 55:34
  million a year. This is, this is, you know, this
• 55:37
  is absurd. Not surprising whatsoever.
• 55:40
  Opti, what's your take on all this, man?
• 55:42
  Because I've been, I've been looking over this stuff on X for
• 55:45
  the last couple days, bro. And I'm, and it doesn't surprise
• 55:48
  me. It doesn't surprise me.
• 55:50
  It explains so many articles. It explains so much media and
• 55:55
  the, the way that they've been approaching it.
• 55:57
  But what's your take, man? Like this is ridiculous.
• 56:00
  What else are they going to find?
• 56:01
  Like what's next? Yeah, well, just before I go
• 56:05
  into my take the that Bob Menendez story is pretty
• 56:08
  hilarious when you see Naibu Kelly basically say like, yeah,
• 56:12
  hey, you know, you guys can send them to me.
• 56:14
  We'll, we'll put them in our prisons.
• 56:17
  That, that cracked me up on Twitter.
• 56:18
  But anyways, going back to this, we've been covering this story
• 56:22
  constantly. And now and we kind of were
• 56:24
  doing the, the, the casual meme of if there's smoke, there's
• 56:27
  fire. Obviously, when you understand
• 56:30
  how the Fiat system works, how you, you understand how the
• 56:32
  money printer works, you can get to these first principles and
• 56:35
  you can kind of predict the future pretty easily.
• 56:37
  And we've been calling the corporate press, the corporate
• 56:39
  press or state propaganda for a long time.
• 56:41
  And now we actually have the data from Elon Musk or the Doge
• 56:45
  to show that they are literally state propaganda.
• 56:48
  It's not even just in the USI also saw that they they send a
• 56:51
  couple million to the BBC. So it's not even just the US
• 56:56
  that we're spending money on for the the state propaganda.
• 56:59
  We're literally doing it in the, you know, in Europe or the UK.
• 57:03
  It's absolutely insane. And so look, as anyone knows
• 57:08
  that watches this show, I am more skeptical of Elon Musk than
• 57:12
  say Nico is. I, you know, I'm I'm slightly
• 57:15
  skeptical of Elon. Obviously.
• 57:16
  I think what he's doing, though, really does remind me of what he
• 57:20
  did with Twitter. Remember when he did with when
• 57:22
  he came in with Twitter, he had the sync.
• 57:24
  He basically nuke like 80% of Twitter and then Twitter started
• 57:27
  to run more efficiently. And I think this is what all of
• 57:30
  us bit corners talk about the separation of money instead,
• 57:32
  even though this is coming from more of like a centralized this,
• 57:35
  this in, you know, you can argue you that this is more government
• 57:38
  on top of it. But what we have seen is that
• 57:41
  the federal government is super inefficient.
• 57:43
  It is, you know, it it is bogged down by bureaucracy and there's
• 57:48
  so much red tape that has to, you know, be overlooked or or
• 57:52
  rather to be looked over. There's so much unnecessary bulk
• 57:58
  in the federal government that, you know, having Elon come in
• 58:01
  there and essentially just got a lot of these institutions or a
• 58:05
  lot of these divisions, I think is a very good thing.
• 58:08
  So, hey, if he does what he did with Twitter essentially, and
• 58:12
  then, you know, federal workers might not like this, but
• 58:14
  essentially fires like 80% of the government, I think this is
• 58:18
  a good thing. Even though I am skeptical of
• 58:20
  Musk, I'm not the biggest fan of Musk.
• 58:22
  I think there's things that I do like from him, other things I'm
• 58:24
  more skeptical of. But it is very interesting to
• 58:27
  get this data point. We've been saying this on the
• 58:29
  show for a long time, that the corporate press, This is why we
• 58:32
  call him the corporate press, is state propaganda.
• 58:35
  And now we can see if we follow the money, money where it's
• 58:37
  coming from, it is coming from the money printer or, you know,
• 58:40
  taxpayer dollars. So either way, we are actively
• 58:44
  paying these corporate press megaliths to lie to us and
• 58:49
  continue to spread false narratives, hurt people, make
• 58:52
  people poor. And This is why we've seen in
• 58:55
  the last couple of years this attack on social medias because
• 58:59
  they can't compete with social media with independent content
• 59:02
  creators or independent journalists on Twitter and
• 59:05
  people building their own followings.
• 59:06
  And, and it does seem like the legacy media system, the
• 59:10
  corporate press is kind of, I don't want to say that they are
• 59:14
  going by the wayside, but it does seem like they are losing
• 59:17
  their control and they're freaking out about it.
• 59:19
  And this is, you know, why we are seeing the violent pushback
• 59:22
  against Elon Musk and Doge, etcetera, and people in just
• 59:25
  culture freaking out because it is shaking things up.
• 59:29
  And like I said earlier, even though when we were talking
• 59:33
  about Senator Lummis, like even though we're only two weeks in,
• 59:36
  it does seem like this administration has been in power
• 59:39
  for a lot longer than two weeks. And they are moving pretty
• 59:42
  quickly on a lot of stuff. Obviously this Bitcoin stuff,
• 59:45
  it's like, you know, they're going to give them 90 days to
• 59:47
  look into it. But in regards to kind of
• 59:50
  shaking things up, shaking up the norm, it is pretty
• 59:52
  incredible to watch them kind of really dismantle politics as
• 59:57
  we've known for a long time. It seemed like the political
• 1:00:00
  leviathan. And was just so big that nothing
• 1:00:02
  would ever change. And then we get some people with
• 1:00:05
  some will coming in and things seem to be changing rather
• 1:00:07
  quickly. So with this, I hope that more
• 1:00:10
  people understand that you can't trust the news stations, the big
• 1:00:14
  news stations, you know, the the CNBCCNN, New York Times,
• 1:00:18
  etcetera. Like they're no longer just
• 1:00:20
  journalists like they are not here to report on the news.
• 1:00:24
  They are here to fabricate narratives.
• 1:00:26
  And I think more exposure on this topic hopefully wakes more
• 1:00:30
  people up and they realize, hey, maybe everything we've ever
• 1:00:33
  known is a lie. Maybe we have to reevaluate what
• 1:00:35
  we think money is. Maybe we have to reevaluate our
• 1:00:38
  relationships with the federal government, with, you know,
• 1:00:42
  state laws, et cetera. And things are moving quickly
• 1:00:44
  again, maybe not quickly enough for everyone else, but hey, I
• 1:00:48
  love getting to this core story here where, yeah, obviously
• 1:00:52
  they're state propaganda machines.
• 1:00:54
  I think any Bitcoiners seen this happen for a while.
• 1:00:57
  It's confirmed now dude there's no there's no there's no doubt
• 1:01:01
  anyways guys stay tuned shout out to the 3000 of you guys
• 1:01:05
  watching live between YouTube and X and also shout out to the
• 1:01:09
  rumble audience almost 300. I think we broke 300 live
• 1:01:12
  viewers on on rumble today. So guys, if you guys are
• 1:01:15
  enjoying the to show, make sure to drop a comment in the live
• 1:01:18
  chat, make sure to like smash the like button and consider
• 1:01:22
  subscribing if you feel like we are providing you value.
• 1:01:25
  We're going to hit the culture Opti.
• 1:01:26
  What are we going to talk about during the culture segments?
• 1:01:28
  As I said earlier when we were talking, no, hey, hey, hey,
• 1:01:33
  let's see this new, this new setup is not we're still working
• 1:01:37
  some kinks out over here on our new setup.
• 1:01:40
  When we talked about in the numbers this press conference,
• 1:01:44
  they they are making a big emphasis on stable coins and I
• 1:01:49
  want to talk on stable coins. And so yeah, Nico, just go.
• 1:01:53
  Just go to the next. What is happening all right?
• 1:01:55
  Our new setups are weird, all right.
• 1:01:57
  They change they. Change restreams back in.
• 1:02:00
  All right, guys, we'll be right back.
• 1:02:01
  We're going to hit the culture segment.
• 1:02:04
  I want to give a shout out. Oh my God, I want to give a
• 1:02:11
  shout out to our sponsor, Hive Digital Technologies.
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  hivedigitaltech.com. Also, big breaking news,
• 1:03:01
  MicroStrategy has officially changed their name to Just
• 1:03:06
  Strategy. So that is Bitcoin logo with the
• 1:03:11
  Bitcoin logo. So I, I find that interesting.
• 1:03:14
  Anyways, before we jump into it guys, I do want to give a shout
• 1:03:18
  out to our sponsor Bit Block. Boom.
• 1:03:20
  It's going to be an amazing Bitcoin conference coming up in
• 1:03:23
  Dallas, TX, April 3rd through the 6th.
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  The entire simply Bitcoin crew will be there.
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  We hope to see you guys there as well scan the QR code or check
• 1:03:48
  the link in the video slash podcast description.
• 1:03:52
  All right Optia, I do think we should give everyone an update
• 1:03:55
  in regards to MicroStrategy changing the name because it is
• 1:03:58
  breaking news. I just let's just show the let's
• 1:04:04
  just show the new logo. This was just unveiled.
• 1:04:09
  Here's of course the Chad Sailor here is strategy and it's called
• 1:04:14
  strategy B. Of course, that with the Bitcoin
• 1:04:18
  B. This is absolutely awesome.
• 1:04:20
  This is very cool, extremely fitting.
• 1:04:23
  It didn't really make sense that it was called micro strategy.
• 1:04:27
  So epic, epic pivot by Michael Saylor and you know, shout out
• 1:04:32
  to the incredible success story that has been MicroStrategy,
• 1:04:35
  which is now strategy anyways. Opti No, it's yours.
• 1:04:40
  No longer MicroStrategy, now it's just Bitcoin strategy.
• 1:04:43
  Love it, love the branding and the colors and everything.
• 1:04:46
  OK, so you guys have, if you've been here, you guys know my take
• 1:04:51
  on stablecoin. So it's going to be a good kind
• 1:04:53
  of a balanced take here from Nico.
• 1:04:55
  But I, I am just seeing that what the administration's doing
• 1:05:01
  is they're telegraphing what their moves are.
• 1:05:03
  And so here I'm starting with the executive order.
• 1:05:06
  Obviously we all watch this and we were very excited about a
• 1:05:09
  Bitcoin strategic reserve. But when you go into this and,
• 1:05:12
  and in this very paper, they did talk about banning CBDC's, but
• 1:05:16
  they also talked about where is it?
• 1:05:19
  It's here for the purpose of this order.
• 1:05:20
  The term digital asset refers to any digital representation of
• 1:05:23
  value that is recorded on a distributed letter Ledger,
• 1:05:26
  including cryptocurrencies, digital tokens, and stablecoins.
• 1:05:30
  So in the very executive order where they announced a quote
• 1:05:33
  digital asset stockpile, they also talked about banning CBDC's
• 1:05:37
  and also talked about incorporating stablecoins.
• 1:05:40
  And now this is where a lot of you could say tinfoil hat
• 1:05:43
  Bitcoiners have been talking about this for a long time, like
• 1:05:46
  Mark Goodwin, Shinobi, Magoo, a lot of Bitcoiners have been
• 1:05:50
  seeing what the administration is telegraphing and where things
• 1:05:54
  are going. And in this press release, and
• 1:05:57
  we actually played a little bit of it earlier as well.
• 1:06:00
  I think we're we're starting to see a trend build out right now.
• 1:06:03
  And so, you know, as as the raining tin foil hat guy here, I
• 1:06:07
  think it's my duty to talk about this.
• 1:06:08
  So here we go, David Sacks in yesterday's press conference.
• 1:06:12
  And he does literally lay out the plan for stable coins and
• 1:06:15
  what it means. So let's play this real quick.
• 1:06:18
  I want to say additionally, we're excited about working with
• 1:06:20
  both the House and Senate on stable coin legislation.
• 1:06:23
  I know Senator Haggerty introduced a bill today this
• 1:06:27
  stable coins really have the the potential to ensure American
• 1:06:31
  dollar dominance internationally to to increase the usage of the
• 1:06:36
  of the US dollar digitally as the world's reserve currency and
• 1:06:40
  in the process create potentially trillions of dollars
• 1:06:43
  of demand for U.S. Treasuries, which could lower
• 1:06:45
  long term interest rates. So let me stop there.
• 1:06:48
  And I want to. OK, So to me personally, the
• 1:06:53
  game is being exposed. Obviously, This is why as a
• 1:06:57
  Bitcoiner, I'm not the biggest fan of stable coins because I'm
• 1:07:00
  not here for dollar dominance. I'm here for Bitcoin to take
• 1:07:04
  over the world. And a lot of these stable coins
• 1:07:07
  are, they're literally telegraphing what the move is,
• 1:07:09
  is they want to ensure dollar dominance, to ensure that
• 1:07:12
  dollars get into places that it hasn't gotten there.
• 1:07:15
  And personally, as a Bitcoiner, that's not what I'm here for.
• 1:07:18
  I'm here for Bitcoin to take over the world, but Mcgoo did a
• 1:07:20
  great breakdown of this and actually Jeff Park later did a
• 1:07:23
  great breakdown of this and then we'll talk about this.
• 1:07:25
  So Mcgoo goes much to take away from this 32nd clip besides the
• 1:07:29
  obvious U.S. dollar dominance narrative.
• 1:07:32
  One, stable coin reserves are vastly short duration treasury
• 1:07:35
  bills and bonds. So not sure how they will lower
• 1:07:38
  long term interest rates too. Maybe they're thinking of
• 1:07:40
  mandating a certain portion of stable coin reserves be held in
• 1:07:43
  long dated treasuries. 3 He just admitted that buyers of last
• 1:07:47
  resort in size can manipulate rates lower. 4th 4th he
• 1:07:50
  expressed the desire for long term interest rates to be
• 1:07:53
  suppressed below growth and inflation expectation as a
• 1:07:56
  positive. And five, stable coin market is
• 1:07:58
  going into the trillion. So, you know, if only stable
• 1:08:01
  coins weren't stable and pegged to a dollar.
• 1:08:03
  Maybe you're, you know, your stable coins going to $100.
• 1:08:06
  You know, I'm, I'm trolling. I'm trolling.
• 1:08:07
  But Jeff Park, head of alpha strategies at Bitwise invest,
• 1:08:11
  did a great thread on this as well.
• 1:08:13
  And he goes, it's surprising how many people overlook the most
• 1:08:16
  important thing David Sacks said yesterday about stable coins,
• 1:08:19
  that stable coin demand and could lower long term interest
• 1:08:22
  rates. This is the real take away.
• 1:08:23
  Fiscal dominance in is unstable and stable coins will be
• 1:08:27
  America's new US Treasury, which sounds a lot like my boys.
• 1:08:33
  Bookmark Goodwin, the Bitcoin dollar system.
• 1:08:37
  You know, he's been going on the beat for a long time.
• 1:08:39
  We just had him on the show a little while ago.
• 1:08:41
  We were chatting about this and, and this is kind of what we're
• 1:08:44
  all seeing here. So here we go.
• 1:08:46
  Jeff Park, he said, called it roughly 3 years ago.
• 1:08:48
  One way to view the stable coin competitive landscape is through
• 1:08:51
  the lens of another particular war in America yet to come
• 1:08:54
  between one, the American middle class and two US Treasury
• 1:08:57
  holders. And remember, most stable coins
• 1:08:59
  are, are backed by treasuries. It's it's specially tethered
• 1:09:02
  here. Stable coins essentially suffer
• 1:09:04
  the same triflin dilemma. To put it simply, what is good
• 1:09:07
  for the dollar is not necessarily good for dollar
• 1:09:08
  policy. And you want more trade
• 1:09:11
  facilitation, but you don't want foreigners to hold with the
• 1:09:13
  exact medium of exchange. And he kind of goes on, but he
• 1:09:16
  goes on right here to basically run it down.
• 1:09:20
  The lesson remains the same. One I consistently emphasize to
• 1:09:23
  my audience. There's no absolute truth in
• 1:09:25
  economics. Nothing will prevent the
• 1:09:27
  manipulation of time through Fiat to manufacture endless
• 1:09:29
  liquidity. And this is the foundation of my
• 1:09:32
  radical portfolio manifestation. And so very interesting.
• 1:09:36
  And you know, maybe 111 last kind of me, my boy Mark Goodwin,
• 1:09:39
  everyone will buy treasuries at the duration and yield they
• 1:09:42
  deserve. So personally, again, I think
• 1:09:46
  what we're seeing right now is a very clear Telegraph from the
• 1:09:51
  administration that yes, they are being forced to add Bitcoin
• 1:09:55
  to either their strategic Bitcoin reserve or their
• 1:09:57
  sovereign wealth fund. But also as we heard in
• 1:10:01
  yesterday's press conference, they're talking about the need
• 1:10:05
  for regulatory clarity. And I think with that need,
• 1:10:07
  we're going to get a lot clearer view on stablecoins.
• 1:10:11
  What's going to go in stablecoins?
• 1:10:12
  And personally this does make me a little concerned because I'm
• 1:10:16
  not here to continue the dollar system.
• 1:10:19
  I am here for Bitcoin to take over.
• 1:10:21
  And as we know, you know, stable coins are, you could consider
• 1:10:26
  them a link between the Fiat system to the Bitcoin system.
• 1:10:28
  Now, I have a slightly different view than Nico, but what I'm
• 1:10:32
  seeing from the administration is I think we're going to see
• 1:10:35
  some form of unfeathered stable coin administration.
• 1:10:39
  And you know, even though they are talking about banning a CBDC
• 1:10:44
  in the state or in the United States from the federal level,
• 1:10:47
  it doesn't neglect or stop the fact that we might see something
• 1:10:52
  similar come out from the private sector.
• 1:10:54
  And this is my concern is I want somewhat something that is
• 1:10:57
  permissionless, censorship resistant, that is voluntary,
• 1:11:01
  that people use because they are able to store their value versus
• 1:11:04
  something that you can get shut off on.
• 1:11:06
  To me, a stable coin is just an extension of the Fiat system.
• 1:11:09
  Now that's not what I'm here for, but me and Nico do have
• 1:11:13
  different views on stablecoins. So I think this will be a
• 1:11:16
  balanced conversation here. So I thought it's very
• 1:11:19
  interesting that we heard David Sacks mention stablecoins and
• 1:11:22
  not just mention stablecoins, but mention it in the framing of
• 1:11:26
  continuing the the dominance of dollars around the world and
• 1:11:30
  globally. So I'm hearing it's essentially
• 1:11:33
  going to make the dollar even stronger globally, which it
• 1:11:35
  looks like we have a big battle ahead for us Bitcoiners.
• 1:11:38
  Anyways, Nico, what's your thoughts on this?
• 1:11:40
  Am I going to tin foil here? Am I?
• 1:11:42
  Am I too much of A conspiracy theorist on today's show?
• 1:11:46
  No, not at all. And I and I do want to end the
• 1:11:48
  end the poll that we ran before I get into it.
• 1:11:52
  So 462 of you guys voted that, 462 of you guys voted, 51% of
• 1:11:58
  you guys think that we will hit 500 K Bitcoin this year and 48%
• 1:12:02
  of you guys said that you don't think Bitcoin will hit 500 K
• 1:12:05
  this year. Anyways, going back to the right
• 1:12:08
  of the conversation, it reminds me of Howard Lopnik.
• 1:12:11
  Howard Lopnik again is the chairman of Counter Fitzgerald
• 1:12:14
  and on the Pomp podcast, he specifically said he's like, you
• 1:12:19
  can't say Bitcoin is a currency because then you know, you're
• 1:12:23
  stepping on the toes of the politicians.
• 1:12:25
  You have to say it's a commodity like like oil and like gold and
• 1:12:28
  then they won't see it. Now The thing is and, and
• 1:12:32
  connect this with the IMF deal with El Salvador.
• 1:12:37
  The IMF part of their deal was that El Salvador essentially had
• 1:12:41
  to walk back their legal tender law.
• 1:12:44
  Now, to be fair, and I did ask Samson Mao about this and I did
• 1:12:47
  ask the ambassador to El Salvador in the United States
• 1:12:52
  and DC, Mrs. Majorga, and essentially it's becoming
• 1:12:59
  voluntary. So you could still use Bitcoin.
• 1:13:05
  There's no capital gains implication, and they're still
• 1:13:08
  buying Bitcoin to put it, you know, in the company, in the
• 1:13:12
  country's treasury, in the country's reserves.
• 1:13:15
  But they lost that legal tender law, right?
• 1:13:18
  And then you have to think about it like, why is the IMF so
• 1:13:21
  concerned about the legal tender law?
• 1:13:22
  Why is Howard Lubnick saying this on Power of Poms podcast
• 1:13:25
  about how you can't call it a currency, you can only call it a
• 1:13:28
  commodity? I think it scares the living,
• 1:13:32
  you know, the living daylights out of governments that there is
• 1:13:36
  a competing currency, that there is a competing currency that's
• 1:13:40
  better than their currency. I think it it scares them that,
• 1:13:45
  you know, all of a sudden they lose their ability to print
• 1:13:48
  money. I think it scares them
• 1:13:50
  tremendously. Now I think the big question is
• 1:13:54
  going to be how is this going to play out?
• 1:13:57
  Is Bitcoin going to be an alternative, a backup solution?
• 1:14:01
  Because in in developing countries and the reason I think
• 1:14:04
  me and Opti like have different thoughts on this and developing
• 1:14:09
  countries, what you're seeing is like wide adoption of Tether.
• 1:14:15
  And as Bitcoiners, we believe that is going to be wide
• 1:14:18
  adoption of Bitcoin because people are trying to flee
• 1:14:20
  inflation. That isn't the case.
• 1:14:23
  Like what's being adopted is Tether instead.
• 1:14:26
  Now, I believe that Tether is a Trojan horse.
• 1:14:28
  It's, it's one stepping stone away from adopting Bitcoin.
• 1:14:32
  So I, I think you can't, I think you can't you this is only going
• 1:14:36
  to delay the inevitable. I think that this is like, kind
• 1:14:39
  of like the final boss, the final battle.
• 1:14:42
  And I think that this is inevitable.
• 1:14:44
  This is an inevitability that, you know, Jeff Booth's quote
• 1:14:49
  comes to mind, right? One of the things about Bitcoin
• 1:14:52
  that you're going to have to be OK with and get used to is that
• 1:14:55
  even your worst enemies are going to use Bitcoin, and that
• 1:14:58
  includes governments. And if a government is going to
• 1:15:01
  use Bitcoin in order to prop up their local Fiat currency, like,
• 1:15:07
  you know, it is what it is, right?
• 1:15:09
  So, you know, obviously, ideally in an ideal world, we would
• 1:15:15
  want, we would essentially want Bitcoin to be the global reserve
• 1:15:22
  currency. I think it will, that's the
• 1:15:24
  thing, like I think that's inevitable because it's better
• 1:15:26
  money. But you know, this going through
• 1:15:30
  like the the the death throes essentially like them trying to
• 1:15:36
  figure out anything possible in order to like kind of continue
• 1:15:41
  this ability to print money. I think they're going to try
• 1:15:46
  anything and everything. And if Bitcoin is superior, if
• 1:15:50
  it really is the better money, if Bitcoin is this inevitability
• 1:15:54
  that we all think it is, then they can't really stop it,
• 1:15:58
  right? This is just going to delay the
• 1:16:00
  inevitable. That's my opinion, man.
• 1:16:02
  So I also don't think stable coins are necessarily a bad
• 1:16:10
  thing specifically in developing countries.
• 1:16:13
  I think it's completely changed the opportunities that
• 1:16:17
  Argentinians or Venezuelans or Brazilians have, because now
• 1:16:21
  they have the ability to save in dollars and now they have the
• 1:16:24
  ability to transact in dollars. And for the vast majority of
• 1:16:29
  people, you have to understand that they don't have the
• 1:16:31
  privilege that a lot of us Bitcoiners have the privilege of
• 1:16:35
  being able to save. They're living paycheck to
• 1:16:37
  paycheck. So for them as a utility,
• 1:16:42
  they're looking at Bitcoin. And Bitcoin has volatility baked
• 1:16:45
  into it. If you're living paycheck to
• 1:16:47
  paycheck and your main concern is about putting food on the
• 1:16:51
  table and being able to live and, and flourish, like you
• 1:16:59
  don't really like, you don't really like, you're not really
• 1:17:04
  thinking about, like you're not really like thinking about, you
• 1:17:08
  know, saving. You're thinking about trying to
• 1:17:10
  survive. So that's just something to keep
• 1:17:13
  in mind. And, you know, I know Mark
• 1:17:16
  Goodwin has some really good takes on this.
• 1:17:18
  I know Opti feels a certain way about this.
• 1:17:21
  But I think it's important to, like, if we are Bitcoiners, we
• 1:17:25
  believe in the free market, it's important to pay attention to
• 1:17:28
  what the free market is telling us #1 and #2 it's important for
• 1:17:33
  us to put ourselves in other people's shoes so that we
• 1:17:37
  understand why the market is behaving the way it is.
• 1:17:40
  The vast majority of people are just trying to get by.
• 1:17:44
  And for the vast majority of people that are just trying to
• 1:17:47
  get by, like, I mean, like, volatility is not a good thing
• 1:17:53
  for you, right? Like if all of a sudden you get
• 1:17:56
  paid $100 and that's how you're going to feed your entire
• 1:17:59
  family, and because of bitcoins volatility on that specific
• 1:18:03
  month, that $100 is worth $85. That doesn't seem very
• 1:18:08
  attractive, does it? Right.
• 1:18:10
  So we all have to remember that a lot of us have the financial
• 1:18:13
  privilege. We have the means to be able to
• 1:18:16
  put a little bit of money on the side to save for the future.
• 1:18:20
  Most people do not have that privilege, and that's extremely
• 1:18:24
  important to remember. So that's my take on the whole
• 1:18:27
  stable coin stuff. It was great.
• 1:18:33
  I like it. No, I mean, I, I totally agree.
• 1:18:36
  I'm just I'm, I, I guess I, I'm, I'm still a paranoid person.
• 1:18:44
  It's just it's inherently in me. I just, you know, I don't trust,
• 1:18:48
  I don't trust the system as it is.
• 1:18:50
  And therefore I want, I want us to to keep our heads on the
• 1:18:54
  swivel. Obviously, I also believe
• 1:18:57
  Bitcoin is inevitable, but with that means that it's because we
• 1:19:00
  have to continue to work hard and stay vigilant.
• 1:19:03
  And so as much as it feels like Bitcoins winning, there is
• 1:19:07
  probably some things on on the horizon that are potential
• 1:19:12
  threats. And like you said, I think it is
• 1:19:14
  the final boss we have here. And really the final boss is
• 1:19:16
  education. You know, like you said, Nico,
• 1:19:19
  and we need to continue to educate people.
• 1:19:22
  We need to continue to show people that there is an
• 1:19:24
  alternative. And right now, people really
• 1:19:26
  don't think that Bitcoin is that alternative until we finally
• 1:19:30
  either start getting into 7 figure ranges or, you know, more
• 1:19:33
  people realize that their local Fiat currencies are trashed at
• 1:19:35
  $1.00 does not actually equal $1.00, etcetera.
• 1:19:38
  So there's still a huge, huge amount of work to be done, but
• 1:19:43
  This is why we show up to the game, man.
• 1:19:45
  This is why we do what we do. This is why Simply Bitcoin has a
• 1:19:48
  job for a while. So I'm hyped.
• 1:19:51
  Yeah, 100%. All right, everybody, I hope you
• 1:19:54
  guys enjoyed today's show. Tons of you guys tuned in right
• 1:19:58
  now on YouTube alone. 5000 sorry, not 5000.
• 1:20:02
  I wish one day 528 live viewers. On on X, we're at almost 3000
• 1:20:09
  live viewers and Rumble Opti where we at the roughly 280
• 1:20:14
  three 11311. So shout out to the rumble
• 1:20:17
  audience as well. Guys, If you guys enjoyed
• 1:20:18
  today's sure show, make sure to smash the like button and
• 1:20:22
  consider subscribing if you feel like we provided you value.
• 1:20:24
  We're simply Bitcoin live. I'm your host, Nico.
• 1:20:26
  It's my legendary Co host, Optimus Fields.
• 1:20:28
  We love you all and we'll be back tomorrow for a brand new
• 1:20:30
  episode. Take care everybody.
• 1:20:33
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• 1:20:36
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• 1:20:39
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