Latest / Simply Bitcoin / Bitcoin OG EXPOSES 1000's of Silent Billionaire Buyers on National News | EP 1187

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Bitcoin OG EXPOSES 1000's of Silent Billionaire Buyers on National News | EP 1187 · Simply Bitcoin

• 0:00
  Joe Bitcoin OG Adam Back just went on the national news and
• 0:05
  dropped a number of bombshells about the current 2025 bull run.
• 0:10
  Are we repeating what happened in 2017, or is the price being
• 0:15
  suppressed like what happened in 2021?
• 0:19
  In my nine years in the Bitcoin space, I've never seen a bull
• 0:23
  run where thousands of corporations and institutions
• 0:27
  are tripping over themselves to buy Bitcoin.
• 0:30
  And yet here we are. And not only corporations and
• 0:33
  institutions, nation states as well.
• 0:36
  Let's begin by diving down the rabbit hole and check out the
• 0:40
  clip. Here we go.
• 0:42
  Well, it's, it's hard to predict the timing, but I think we're
• 0:46
  certainly in the early stages of a bull market at this point.
• 0:50
  Typically the bull market cycle lasts for a certain period after
• 0:55
  the halving and so we're still in the earner innings.
• 0:58
  I think there's very stiff inflows from ETFs buying about
• 1:03
  two times the Bitcoin mines per day, MicroStrategy and the other
• 1:07
  Bitcoin treasury companies buying another two times and the
• 1:10
  retail buyers and dollar cost average investors.
• 1:13
  So really there's a lot of inflow.
• 1:15
  I think, you know, temporarily there's some consolidation
• 1:18
  because some earlier investors sort of midterm investors profit
• 1:22
  taking. But you know, that overlay would
• 1:25
  set us up for, you know, a, a price where you start to see
• 1:29
  Bitcoin competing with gold, perhaps pulling money out of
• 1:32
  gold ETFs into Bitcoin ETFs. And then of course, if the
• 1:36
  treasuries come in like the sovereign treasuries, the
• 1:39
  Bitcoin reserves, that would be something where you'd see
• 1:42
  sovereign competition. And as soon as one of the bigger
• 1:45
  countries jumps in, I think the others will feel forced to
• 1:48
  follow suit. So that would, you know, all
• 1:50
  bets will be off if that happens.
• 1:53
  Now, of course, institutional adoption, I think the family
• 1:56
  offices are faster and more agile, but the institutions are
• 1:59
  in play. You can see that the ETF 13 F
• 2:04
  filings, which shows you the institutions that have bought
• 2:06
  Bitcoin by the ETFs is about 30% institutional.
• 2:10
  I think there's a lot more capital in the institutional
• 2:12
  space of pension funds and mutual funds.
• 2:14
  So there's a lot of room for capital to come in, you know?
• 2:21
  OK, a couple thoughts. First of all, Opti's with me in
• 2:24
  the flesh today and of course we got Bitcoin Q&A from Foundation.
• 2:29
  They make awesome hardware wallets like the Passport and
• 2:32
  we're going to be making a special announcement on today's
• 2:35
  show. A couple quick thoughts before
• 2:37
  we get into discussion. Michael Saylor today was at C
• 2:41
  PAC, which is a mainstream kind of political convention.
• 2:48
  Could not have imagined that in a million years.
• 2:50
  It was actually Senator Cynthia Lummus who retweeted it.
• 2:53
  And I saw it. I was like, oh, my God, Another
• 2:55
  thing, Adam Back is on the floor of Wall Street.
• 2:59
  Like what? What is Adam Back doing there?
• 3:02
  I think both those examples are testaments to where we are,
• 3:07
  where Bitcoin adoption is. I think we're on the verge of
• 3:12
  entering mainstream consciousness in terms of
• 3:14
  Bitcoin, the ideas of Bitcoin Sailor's speech from C PAC, like
• 3:19
  literally gave me chills because he was talking about Satoshi, he
• 3:23
  was talking about broken money. And of course you have Adam
• 3:27
  back. And, and I got to say Opti
• 3:29
  simply has better audio than CNBC because holy cow, you could
• 3:33
  barely hear Adam back with all the people in the in the
• 3:35
  background. But yeah, I think he was making
• 3:38
  some incredible points. But also I want to share
• 3:41
  something with you guys because a lot of things kind of don't
• 3:46
  make sense in, in, in a lot of ways, because it it, it, it, it
• 3:51
  does feel weird. It does feel weird in the sense
• 3:54
  that like supposedly we have all these, you know, corporations,
• 3:59
  all companies buying Bitcoin and you know, why is the price going
• 4:05
  sideways? We've been going sideways since
• 4:08
  November. This doesn't make any sense,
• 4:11
  right? I actually asked Samson Mao this
• 4:13
  question when we did. And by the way, should be
• 4:15
  dropping on Saturday. We did an interview on top of
• 4:18
  Volcano in El Salvador. I said man, like, look, all this
• 4:21
  bullish news embrace like it being Bitcoin being embraced by
• 4:25
  governments, being Bitcoin being embraced by institutions like
• 4:29
  why is the price going sideways? Here's Samson Mal Bitcoin OG
• 4:33
  right part of block stream originally.
• 4:35
  Now he has Jan 3 and he says everyone can feel something is
• 4:38
  off with the huge disconnect between buy side demand and the
• 4:43
  price. Everyone could say can see
• 4:45
  something is off by looking at the price going sideways for
• 4:48
  days within a tight range. Not everyone is willing to say
• 4:52
  the words price suppression, though.
• 4:55
  Here's a quote. It seems like it's it's some
• 4:58
  sort of price suppression. The quoting Samson, if you look
• 5:00
  at the price movement, we peak and then we stay steady and chop
• 5:04
  sideways. It's good.
• 5:05
  You can say it's consolidation, but it looks very manufactured.
• 5:09
  I actually asked this question to James Lavish a couple days
• 5:12
  ago. I dropped that pod, I think it
• 5:15
  was on Saturday said like, you know, what's going on?
• 5:17
  Is this captured by Wall Street? Like, you know, this doesn't
• 5:21
  make any sense. Like supposedly you have all
• 5:23
  this buying and the price isn't going up.
• 5:27
  Now the argument that I heard, and I just heard Adam back say
• 5:30
  it on the interview it's on CNBC, was basically along the
• 5:34
  lines of like you have O GS that bought Bitcoin under $1000 and
• 5:39
  they're selling a lot of it. The moment that I got to 100K.
• 5:42
  Think about it, for them, that's more than 100 X they've been
• 5:46
  holding for a decade. You know, they want to, they
• 5:48
  want to upgrade their lifestyles.
• 5:49
  That makes sense. But at the same time, like with
• 5:51
  the, the amount, the quantity of Bitcoin that MicroStrategy is
• 5:56
  buying, that these institutions are buying.
• 5:59
  I, I, you know, it's just common sense.
• 6:03
  Like I kind of agree with Samsung.
• 6:04
  Not everyone agrees. Checkmate.
• 6:06
  He has a different opinion. Here is Sam Callahan.
• 6:09
  He does amazing analysis and he says I dug through the 13 F
• 6:13
  filings and by my count there were 1573 institutions with long
• 6:20
  exposure to Bitcoin and Q 4/20/24.
• 6:23
  These include banks, hedge funds, Rias, family offices,
• 6:28
  endowments, pensions, sovereign wealth funds, and other asset
• 6:32
  managers. Before we get into it, I want to
• 6:34
  clarify what A13F filing actually is.
• 6:38
  Every quarter, Larger investment firms must submit this form to
• 6:42
  the SEC disclosing their holdings of U.S. stocks and
• 6:46
  equity related assets such as ETFSREITS, options and
• 6:52
  convertible bonds. What's important to understand
• 6:55
  is A13F filing only contains a firm's long positions in U.S.
• 7:00
  equity related assets. So it excludes assets like
• 7:03
  bonds, real estate, commodities, precious metals, private
• 7:07
  investments, futures, spot, Bitcoin, cash, foreign equities,
• 7:11
  currencies, short positions. As a result, A13F provides an
• 7:15
  incomplete picture of a firm's total portfolio.
• 7:19
  We don't know a firm's position in other asset classes relative
• 7:23
  to its allocation to U.S. equity related assets, nor do we know
• 7:28
  if a long position is just serving as a hedge against a
• 7:31
  short position elsewhere. I bring this up because I'll be
• 7:34
  discussing Bitcoin position sizes in these filings, but keep
• 7:38
  in mind they reflect only the firm's U.S. equity allocation.
• 7:43
  So he goes on to list a couple. Abu Dhabi discloses $437 million
• 7:49
  stake in BlackRock Spot Bitcoin ETF that goes on to say with
• 7:55
  this in mind, the median Bitcoin position across all institutions
• 7:58
  in this filings was only .13%. We're still early that's tiny
• 8:04
  and bullish. It suggests Bitcoin is still in
• 8:07
  the very early innings of institutional adoption.
• 8:10
  Remember reminder, BlackRock recently recommended A1 to 2%
• 8:15
  allocation. It goes on to say, but there
• 8:17
  were a handful of these investment firms that had larger
• 8:20
  Bitcoin allocations than their peers, and they also just happen
• 8:24
  to be run by some of the best money managers with proven track
• 8:27
  record. Here are some of the most
• 8:29
  interesting filings that caught my eye.
• 8:31
  First Horizon Kinetics. Horizon Kinetics second largest
• 8:35
  position is BTC 16.16% with a $1.3 billion exposure.
• 8:43
  Second up Brace Bridge Capital its largest position is BTC
• 8:49
  23.6% with $334 million worth of exposure #3 I mean this should
• 8:57
  be pretty obvious. Tudor Investment Corp, We've all
• 9:00
  heard Paul Tudor Jones talk about Bitcoin for a very long
• 9:03
  time now. Tudor's largest position is BTC
• 9:07
  with 1.625% with a $436 million worth of exposure.
• 9:14
  Fortress Investment Group, its fourth largest position is BTC
• 9:19
  with 11.2% worth 70 million worth of exposure #5 Brevan
• 9:26
  Howard, its second largest position is BTC 8.74% with $1.4
• 9:32
  billion worth of exposure. Discovery Capital Management,
• 9:37
  its 5th largest position is BTC 4.6% with $68 million worth of
• 9:43
  exposure. And it continues.
• 9:45
  The point that I'm trying to make though, is one of the
• 9:49
  coping narratives that we used in 2017 when the price was
• 9:53
  falling, it peaked AT20K, fell down to 3500.
• 9:58
  In 2018. It was, it was a terrible bear
• 10:01
  market. We're like the institutions are
• 10:02
  coming. The institutions are coming.
• 10:04
  No, they were never coming. But the institutions without a
• 10:07
  shadow of a doubt are here. And the catalyst was the
• 10:11
  approval of the Spot Bitcoin ETF and the fact that the ETF, the
• 10:16
  Bitcoin ETFs, have been the best performing ETFs in history.
• 10:22
  So make no mistake, what is happening in the background is
• 10:26
  that Wall Street institutions, corporations, pension funds are
• 10:31
  all stacking a ridiculous amount of Bitcoin.
• 10:35
  But I do agree with Samson, if that's the case, why is the
• 10:39
  price going sideways? Are there that many whales that
• 10:43
  are just like, you know what? I've held Bitcoin for 10 years.
• 10:46
  I bought it at 300. I'm sick of it.
• 10:49
  I'm just going to sell it. Like, is that the argument that
• 10:52
  that's being made? And last but not least, I want
• 10:55
  to do this, this comparison, because I have been talking for
• 10:58
  a while and I want to get Q&A's thoughts and Opti's thoughts.
• 11:01
  Let's do a cycle comparison, right?
• 11:05
  So of course you have era one. I'm going to take away era one
• 11:09
  'cause you know it's era one is obviously it's in the early
• 11:13
  innings of Bitcoin's history. The market cap was so small, the
• 11:17
  volatility was obviously going to be really high.
• 11:19
  Let's compare the last three eras, right?
• 11:21
  So of course you have the bull market of 2024-2025.
• 11:25
  You have the bull market of 2020 and 2021 and then you have the
• 11:30
  where me and Opti come from the bull market of 20/16/2017,
• 11:34
  right. So if you look at 2021, we would
• 11:38
  be a lot higher in the 2021. If we were living on the 2021,
• 11:44
  you know, time scale, we would be significantly higher.
• 11:47
  I think we would be at a yeah, like the multiple.
• 11:51
  The multiple is literally two times as much, right?
• 11:55
  It actually looks a lot more similar to the 2017 era.
• 12:00
  There was points in this cycle that Bitcoin actually got ahead
• 12:05
  of the 2017 era. And if you look at it right now,
• 12:08
  I mean, they look pretty similar.
• 12:10
  I think Bitcoin is on the verge of, of, of a pump.
• 12:14
  I, I, I, I think I wouldn't be surprised if, if, if Bitcoin
• 12:17
  goes upwards, right? So, yeah, I mean, what's going
• 12:20
  on is the price being suppressed.
• 12:21
  We know these institutions, solutions are, are adopting it.
• 12:24
  And if you take a look at where Sailor is talking, where Adam
• 12:29
  Back is talking, I mean, they literally got Adam back on
• 12:34
  CNNBC. He's on the floor of CNNBC and
• 12:36
  he's being interviewed. Five years ago, I don't think
• 12:38
  people would know who Adam Back was, right?
• 12:42
  Michael Saylor on a keynote at C PAC.
• 12:45
  This is the most popular conservative convention in the
• 12:48
  United States and Michael Saylor is a keynote speaker.
• 12:53
  That should tell you everything you need to know.
• 12:55
  So why the F is the price not going up?
• 12:58
  That's my question anyways. I'm going to start off with OPTI
• 13:01
  and then of course, let's pass it on to Q&A.
• 13:04
  Let's pass it on to Q and AQ and AI know you're a self custody
• 13:07
  guy. I know that this is the price
• 13:10
  stuff is might maybe might not interest you, but why is number
• 13:14
  not going up? That is a very, very good
• 13:18
  question. I like to to keep it as simple
• 13:20
  as possible. Is there price suppression going
• 13:24
  on? I think ultimately we're
• 13:25
  probably never going to know unless there's a huge scandal
• 13:28
  that potentially comes out one day.
• 13:30
  But I like to keep it simple. I think, you know, if we're
• 13:32
  going sideways, then we're around that big mental model
• 13:35
  number of 100K like you suggested earlier and you know,
• 13:38
  that will trigger a lot of people to sell.
• 13:41
  So the fact that we're going sideways, I like to just think,
• 13:43
  you know, there's probably just an equal match or roughly
• 13:45
  thereabouts of buyers and sellers.
• 13:48
  However, with that said, the more and more big players that
• 13:52
  we get in, you know, you've just been talking about what strategy
• 13:54
  up to. There's pension funds left,
• 13:56
  right and centre. There's talk of strategic
• 13:58
  Bitcoin reserves. There's talk of states,
• 14:00
  individual states almost by the day putting forward bills to buy
• 14:05
  Bitcoin at the moment. The more and more big kind of
• 14:08
  regulated players that we get coming into the space and buying
• 14:12
  larger and larger amounts of Bitcoin, the bigger the
• 14:15
  incentive there is for people that have the the powers to be
• 14:18
  able to manipulate the markets to do so, in my opinion.
• 14:20
  So I think potentially if there is manipulation going on right
• 14:24
  now, then the incentive to make that continue is, is probably
• 14:29
  only going to grow. 100% I also see our our buddy BTC sessions
• 14:33
  in the chat. Ben, I might rope you in to do
• 14:36
  the show with me tomorrow here. We'll fit three of us three of
• 14:40
  us on the table. But no, I completely agree.
• 14:43
  There's obviously there's buyers and sellers right?
• 14:45
  Like that's why The thing is going sideways.
• 14:47
  But like who are all these sellers?
• 14:49
  That's what I want to know like it must have been a lot of O GS
• 14:53
  that were just they're sick of it.
• 14:54
  I mean think about that. That journey psychologically
• 14:58
  must have been rough, bro. Like going from, you know, sub
• 15:04
  $1000 Bitcoin to $100,000 Bitcoin, Like it's like you went
• 15:10
  to war and came back like you're a changed person.
• 15:14
  The amount of volatility you went through, the amount of, you
• 15:17
  know, the hacks and like the fact that if you made it over
• 15:20
  the finish line with your coins intact, you know, is, is
• 15:24
  definitely pretty crazy. But anyhow, Opti, what's your
• 15:28
  take here, bro? I know, I know where you're
• 15:30
  going to go with this. Is the Bitcoin price being
• 15:33
  suppressed bro? Well, I mean, I'm not against
• 15:37
  the idea. I obviously hold that idea in my
• 15:39
  head. I think we all kind of have to
• 15:42
  think about that, especially kind of what Q&A was saying.
• 15:44
  It's like we got to remember Bitcoin's a $2 trillion market
• 15:47
  cap right now. It's still very tiny in the
• 15:50
  grand schemes of global market. So obviously, as Q&A was saying,
• 15:54
  if there's an incentive to keep the price low, suppress the
• 15:57
  price and people are going to do that.
• 15:59
  But at a certain point, once Bitcoin gets big enough, then
• 16:02
  they won't be able to move the markets.
• 16:03
  And remember, like Bitcoin is basically what the size of one
• 16:07
  of the larger corporations in the world right now.
• 16:09
  So it's not tiny, but there's still a capability of a lot of
• 16:13
  people with capital. And this is a global market to
• 16:15
  kind of keep the price low. I've been kind of doing, you
• 16:17
  know, as the reigning 45 IQ person on the show, I've been
• 16:21
  kind of thinking, you know, the billionaire FUD playbook, you
• 16:23
  kind of FUD it. You keep the price low so you
• 16:25
  can pack your bags and get your position.
• 16:27
  And then once you know, you get that position, you start to pump
• 16:29
  Bitcoin. And we're starting to see people
• 16:31
  come out there and publicly shield Bitcoin, which is very,
• 16:34
  very interesting, especially when you kind of look at those
• 16:37
  numbers that Sam Callahan was saying.
• 16:39
  And the big one that stuck out to me was obviously over 1500
• 16:43
  corporations having Bitcoin ETF exposure.
• 16:45
  Obviously we kind of consider that paper Bitcoin.
• 16:48
  We want them to hold the real thing.
• 16:49
  But you know, there, there's some loopholes that they have to
• 16:52
  go through, hence why it's easier for them to hold ETS,
• 16:54
  etcetera. But the big, big number to me
• 16:57
  was that number where he said if you average out or the median
• 17:01
  holding size of all these corporations only .13%.
• 17:05
  And as he said, you know BlackRock is recommending 1 to
• 17:08
  2%. So all I'm hearing is we are
• 17:11
  still super early in people understanding what Bitcoin is.
• 17:15
  Obviously it's the first, what, second month of the year.
• 17:19
  And with all the things that Adam Back was saying, it's, it
• 17:22
  is kind of interesting that we aren't seeing the price go
• 17:26
  absolutely nuclear. But I think it's only a matter
• 17:29
  of time. And, and like I was telling
• 17:30
  everyone in the chat, it's like, I think we all have to kind of
• 17:32
  lower our, our time preference here a little bit.
• 17:34
  We got to be a little patient. You know, they yell at us for
• 17:36
  starting a little late. I'm like, hey, you guys claim to
• 17:38
  be bit corners and yet we get super impatient on things that
• 17:42
  don't happen right now. But when we really zoom out, you
• 17:44
  know, 10 years from now, I'm sure we're going to look back at
• 17:47
  100K and be like, man, I wish I bought more when it was going
• 17:50
  sideways for that three months. Like now it's a million plus and
• 17:54
  I can't get as much. Bars.
• 17:55
  Bars. No, I think that's definitely,
• 17:58
  definitely a lot of wisdom there, right?
• 17:59
  We're gonna be we're definitely gonna be looking at these
• 18:02
  prices, you know, wait, we got a comment.
• 18:04
  DB says the markets are not being suppressed.
• 18:07
  Anyone attempting to pull off such a feat would be taking way
• 18:10
  too much risk for almost no gain.
• 18:13
  DB, you wanna, you wanna elaborate a little bit on that?
• 18:15
  What you mean by that? But it seems like you have a
• 18:18
  deeper understanding of the markets.
• 18:20
  I think he's. Saying that, you know if they're
• 18:22
  if. They're selling in the chat.
• 18:24
  Let's ask the chat guys. If you think the Bitcoin price
• 18:27
  is being suppressed, drop one in the chat.
• 18:29
  If you think the Bitcoin price is not being suppressed, drop 2
• 18:33
  in the chat. Let us know your thoughts.
• 18:37
  Brandon B says the manipulation is from the market makers.
• 18:40
  It's completely natural though. Seems like a lot of people know
• 18:44
  about markets in the chat W being late the patient will win
• 18:50
  Brandon BZ logic says 1 so yes again, if you think the markets
• 18:55
  are being suppressed press 1. The Bitcoin price is being
• 18:58
  suppressed press 1. If you think the Bitcoin price
• 19:00
  isn't being suppressed press 2 let us know and of course smash
• 19:04
  that like button. We just broke 500 live viewers
• 19:07
  on YouTube alone. Appreciate all you guys and
• 19:10
  almost 2000 live viewers across all platforms, of course,
• 19:14
  appreciate the Rumble and audience as well.
• 19:17
  We absolutely love you guys. Guys.
• 19:19
  We have a hell of a show lined up for you guys.
• 19:21
  We have two videos of Trump, of course, taking credit for the
• 19:26
  Bitcoin price pumping. And on Air Force One, there's a
• 19:30
  video of Trump literally saying they're going to audit for Knox.
• 19:36
  Is the gold there? Is the gold not there?
• 19:38
  I personally think it's not there.
• 19:40
  And during the news segment, we actually have a very interesting
• 19:43
  story for you guys. It's a quick up update about the
• 19:47
  Nigerian central bank digital currency.
• 19:50
  The failure there was a Binance executive that was arrested
• 19:54
  because essentially the government was frustrated that
• 19:57
  people weren't using the CBDC. That executive was freed.
• 20:02
  So quick update there. All right, sorry about that
• 21:25
  guys. We lost Internet.
• 21:27
  What was the last thing I was saying?
• 21:29
  I just hit the ad. Just keep keeping OK, guys,
• 21:32
  We're going to, we're going to keep rolling.
• 21:33
  We're going to get, we're going to keep rolling with it.
• 21:35
  Sorry about that guys. We, we had a little bit of a
• 21:37
  technical mishap. Anyways, guys, before we jump
• 21:41
  into the rest of the show, it's absolutely loaded for you guys.
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• 25:09
  Bitcoin price is 97,960 block height 884,601 sets per dollar
• 25:17
  1000 1021 market cap 1.94 trillion Bitcoin verse gold
• 25:23
  market cap 9.37% Percentage issued 94.41% declined from all
• 25:29
  time high -10.3% check this out Opti realize monetary inflation
• 25:35
  continues to go down .98%. Holy cow man continuing to
• 25:41
  embarrass Fiat currencies. Anyways, quick orange man
• 25:46
  update. I mean, that's what it is so
• 25:51
  interesting things like and I don't know which one should we
• 25:55
  should start with. Let's start with Fort Knox
• 25:56
  because we did an episode on that the other day.
• 25:59
  We're. Going to go into Fort Knox to
• 26:01
  make sure the gold is there. You know that we're going to go
• 26:04
  into Fort Knox. Do you know about that?
• 26:08
  That was that bad bump. Are they going to eliminate more
• 26:12
  national security positions, civilians there?
• 26:14
  We'll see what happens. One of the things we do want to
• 26:17
  look at me, we hope everything's fine with Fort Knox, but we're
• 26:20
  going to go to Fort Knox, the fable Fort Knox, to make sure
• 26:23
  the gold is there. No wonder they dude like, no
• 26:32
  wonder they wanted to kill this dude.
• 26:35
  Like, like, no wonder, bro, he wants to get rid of the IRS.
• 26:38
  The doge thing was absolutely crazy.
• 26:41
  He freed Ross, right? He's talking about strategic
• 26:44
  Bitcoin Reserve and now he wants to find out if the gold is
• 26:47
  actually at Fort Knox. Like, I mean, bro, like, you
• 26:51
  know, no wonder. Anyways, here's another video of
• 26:54
  President Trump and let's check it out.
• 26:58
  He's talking about Bitcoin. Jones Industrial Average is up
• 27:02
  2200 points and Bitcoin has set multiple all time record highs.
• 27:07
  Because everyone knows that I'm committed to making America the
• 27:10
  crypto capital. We want to stay.
• 27:13
  We want to stay at the forefront of everything and one of them is
• 27:16
  crypto. And Miami seems to be the centre
• 27:20
  of the action, come to think of it.
• 27:25
  As a fellow Miamian, no, you talk about Bitcoin As a fellow
• 27:30
  Miamian, no, Miami is not the capital of Bitcoin.
• 27:35
  I would say it's either Nash or or Austin and and different
• 27:39
  things. But, I mean, he looked to be
• 27:42
  fair, to be fair. OK Bitcoin pumped like crazy the
• 27:49
  moment that everyone found out the election results right
• 27:52
  under, you know, the previous administration, without a shadow
• 27:56
  of a doubt, they were attacking the industry as soon as the
• 28:00
  markets figured out that Trump was going to get elected, You
• 28:04
  know, it was like trying to hold a beach ball underwater.
• 28:07
  Like, yeah, as soon as that pressure was released, it just
• 28:11
  went bananas. So it like, say whatever you
• 28:16
  want to say about him, technically, he's technically
• 28:20
  he's right. The price did pump because he
• 28:22
  won the election. Like technically he's right.
• 28:26
  And in the Fort Knox thing, man, like dude, like no wonder, like
• 28:30
  no wonder they hated this guy. No wonder the media attacked
• 28:32
  this guy. Could you imagine if they like
• 28:36
  Elon does a live stream goes to Fort Knox, you know, he goes and
• 28:43
  opens the vaults and there's no gold.
• 28:45
  Like dude, that would be one of the I don't think they would
• 28:48
  allow I I don't think, I don't think Trump would would do that.
• 28:51
  I don't think Trump would do that.
• 28:53
  Well, I mean, first of all, I don't mean to jump in here, but
• 28:55
  I don't even think a video of the Fort Knox vault would
• 28:58
  justify even an audit. Like, to me, it that that
• 29:01
  doesn't mean anything. It's like, yeah, maybe, you
• 29:03
  know, they it could be fake. Gold.
• 29:05
  It could be fake gold just on. A video, it's like literally
• 29:08
  how, you know, we have Q&A here, you know, and talking about
• 29:11
  privacy and you know, using a Zoom call to verify the gold's
• 29:15
  there like that, that that won't do anything that that is, you
• 29:19
  know, it, it makes us feel good until we get an actual, you
• 29:23
  know, auditor in there to assail the gold, make sure that it's
• 29:27
  actually what it is. Or as someone was telling us in
• 29:29
  the chat, you know, scan the bars, make sure it's actually
• 29:32
  all gold. A video is not enough for me
• 29:35
  personally to believe that it's there.
• 29:37
  But, you know, even if we did see it, I guess that would quell
• 29:40
  some of the concerns around. Though I did hear kind of an
• 29:43
  interesting take on Twitter. And this is going into like
• 29:46
  conspiracy theory land. But someone was saying, what if
• 29:49
  they did do a video call Fort Knox?
• 29:52
  And it's not that all the gold's gone, but there's actually more
• 29:55
  gold in the vault than they claim to have.
• 29:58
  And the people would wonder. Well.
• 30:00
  Where did they get all that gold?
• 30:01
  I don't know. Hey, I'm just, you know,
• 30:03
  relaying some stuff I heard on Twitter, but going to the next
• 30:07
  clip before I pass it over to QA because, you know, as you can
• 30:09
  hear Q as got a a very beautiful accent here.
• 30:12
  So maybe he doesn't care so much about Fort Knox like we do.
• 30:15
  But the Trump clip about Bitcoin, there's a few things
• 30:18
  that I want to mention. First of all is there's been a
• 30:21
  lot of people in the chat saying recently like, oh, he's a
• 30:24
  politician. You know, he's just talking his
• 30:26
  book. He's just making you feel good.
• 30:28
  He's just sending you some red meat to the audience.
• 30:30
  He knows that people are interested in Bitcoin or
• 30:33
  interested in crypto, and this is the only reason why he's
• 30:36
  talking about crypto. But I think that he's doubling
• 30:38
  down on this idea. He's like, you know, everyone
• 30:41
  knows that I'm very interested in Bitcoin, which I think is,
• 30:44
  you know, further credence to this idea that we've all been
• 30:47
  kind of talking about. And wondering is how, you know,
• 30:51
  how much does Trump actually care about Bitcoin?
• 30:53
  How serious is he about either strategic Bitcoin reserve or,
• 30:58
  you know, passing good regulations, etcetera?
• 31:00
  Well, I think hearing him double down multiple times on it, I
• 31:03
  think is, you know, obviously he's a politician.
• 31:05
  We're going to kind of have to take him at his word for this.
• 31:07
  But it does sound like he's very serious about Bitcoin.
• 31:10
  And as we've heard him say in the past, he's looking at the
• 31:12
  Bitcoin prices like a second Wall Street.
• 31:14
  And so he wants it to pump. I think he's incentivized to see
• 31:17
  it pump and as a Bitcoin holder, hey, I'm all here for this.
• 31:21
  And then the last point, Nico, that we were talking about, you
• 31:23
  know, maybe he's been hanging out around too many meme coin
• 31:26
  people because Miami is definitely not the epicenter of
• 31:30
  Bitcoin. It's the epicenter of shit
• 31:32
  coinery. So those are my thoughts here,
• 31:33
  but let's pass it over to Q&A one. 100% Q and AI mean that
• 31:37
  dude. Pretty crazy.
• 31:38
  Pretty crazy. I don't think we would have.
• 31:41
  I really don't think we would have expected this, you know,
• 31:45
  three or four years ago, five years ago where, you know, the
• 31:48
  president of the United States, you make an argument one of the
• 31:52
  most powerful countries or the most powerful country on the
• 31:55
  phase of the planet is taking credit for the Bitcoin price
• 31:58
  pump it. So when we get your thoughts on
• 32:01
  that Q&A? Yeah, it's, it's, it's look,
• 32:05
  it's an absolutely wild timeline.
• 32:07
  If you just said to me when we first, when I first got into
• 32:09
  Bitcoin around 2018 that that the president of the USA would
• 32:13
  be boasting about pumping the price, I'd have laughed in your
• 32:16
  face. So, yeah, it's definitely kind
• 32:20
  of a surreal position to to, to be in and and to experience this
• 32:25
  around the point of like, you know, I'm almost reluctant to
• 32:29
  get optimistic about any politician.
• 32:32
  I think that's a good kind of mantra to live your life by.
• 32:35
  But with that said, I think he deserves a lot of credit, but
• 32:37
  for sticking to his word about freeing Ross.
• 32:39
  I was absolutely elated to see that happen.
• 32:42
  I I genuinely didn't think that was ever going to come to
• 32:44
  fruition. And not only did he he, he went
• 32:47
  over and above what he said. He said he was going to, I
• 32:50
  forget the term now. You'll have to help me out.
• 32:51
  I'm not an American, but it was it was commensurate,
• 32:54
  commensurate his his commute hit commuter sentence when he
• 33:00
  actually got like a full acquittal.
• 33:01
  Again, I'm not sure what you guys call over there in the US,
• 33:04
  but he went over and above what he said he was going to do and
• 33:07
  to see Ross walk free and the images that he's had with his
• 33:10
  been posting with his family and his mother and his wife and
• 33:12
  stuff is just, it's just wonderful.
• 33:14
  So I, I'm slow to praise politicians, but for that he
• 33:18
  deserves a lot of credit. But then I'm also quite big on
• 33:22
  keeping and holding people to their actions.
• 33:24
  And you know, day one of his presidency, or it might have
• 33:27
  even been day -1 him and his wife released their, their
• 33:30
  coins, which then proceeded to, to dump like 90% the following
• 33:34
  day. So, you know, very, very
• 33:36
  cautiously kind of optimistic around the, the, the landscape
• 33:40
  for the next 4 years. the US for, for better or worse, is, is
• 33:44
  the superpower of, of the world. And when you guys, you know,
• 33:47
  when a change happens over in the US, generally speaking, the
• 33:51
  rest of the world does follow suit.
• 33:52
  So if the US is heading on a positive trajectory in terms of
• 33:57
  an outlook for Bitcoin, then that makes me positive for for
• 34:00
  the outlook for the rest of the world, at least for the next 4
• 34:03
  years during his presidency. But with that said, always judge
• 34:06
  people by their actions, not what they say.
• 34:07
  Yeah, To gain some votes. A. 100% I think that's a really,
• 34:10
  really, really good point, right?
• 34:12
  Judge people by their actions and I think two things could be
• 34:14
  true at the same time. And I think this is like what's
• 34:17
  really I, I, I think it can be confusing Bitcoiners, which is
• 34:22
  like Trump, like in the, I think it's true of all politics,
• 34:26
  right, where there has to be concessions.
• 34:29
  And like Trump repealed Saab 121 ended, you know, the attack on
• 34:36
  the industry, fried Ross and you know, to to add to your point
• 34:41
  Q&A, he went from a he promised to to commute his sentence,
• 34:45
  which basically means like, you're still guilty, but you
• 34:49
  know, we're going to let you out of jail.
• 34:51
  But he gave him a full pardon, right?
• 34:54
  And I think the reason he gave him a full pardon and I think
• 34:57
  the opposing party really kind of miscalculated this, all the
• 35:01
  lawfare that they did on Trump, like trying to stop him from
• 35:05
  going to office. Now it kind of makes sense when
• 35:07
  Trump saying like, oh, the fabled Fort Knox, like, we'll
• 35:10
  see where the gold is at. And like all the fraud that's
• 35:13
  been discovered with the whole Dodge thing, like, no wonder.
• 35:17
  But but yeah, I mean, they pissed him off to such an Do you
• 35:20
  see his portrait? His, his his, his, his
• 35:25
  presidential portrait is a mug is the same face he made for the
• 35:29
  mug shot, right? So yes, two things could be true
• 35:32
  at the same time. Definitely positive for the
• 35:34
  industry, but at the same time, there's been a ton, ton of of,
• 35:39
  of of mean coin and crypto degeneracy that's been
• 35:44
  happening, right? So I agree with Q&A stance,
• 35:47
  right? It's it's good to be cautious
• 35:49
  about politicians, but at the same time, we do have to give
• 35:52
  them credit when they come through.
• 35:53
  And I think freeing Ross was a huge, huge victory for the
• 35:57
  Bitcoin movement and the libertarian movement.
• 35:59
  And one thing that I'll say that perhaps is a little bit
• 36:01
  unpopular, but I tell our boy Rust in this all the time.
• 36:05
  I'm like, dude, the Trump did more for the Libertarian
• 36:08
  movement than any other libertarian candidate in the
• 36:11
  history of the Libertarian Party, right?
• 36:14
  So and then Ruston's like, yeah, that's actually right.
• 36:17
  So anyways, quick update on the orange man.
• 36:20
  We still have a ton of content for you guys left.
• 36:22
  We're going to be talking about Nigeria central bank digital
• 36:25
  currencies. We're going to be talking about
• 36:27
  how governments are portraying central bank digital currencies
• 36:31
  as the future of of currency, the future, their ability for
• 36:35
  them to retain the power and the privilege of being able to
• 36:38
  create money for free that the rest of us have to work for.
• 36:42
  They're dropping words like sovereignty.
• 36:44
  They're dropping words like it's like they're just like crossing
• 36:47
  the wires, man. One last thing I'll say before
• 36:50
  we move on to the next segment. Do you remember how they tried
• 36:54
  to pass that bill that every $600.00 transaction had to be
• 36:58
  reported? Like that was pure aid, like
• 37:03
  grade A projection? With the amount of BS that
• 37:07
  we've, what was it that they've been?
• 37:09
  They, they sent like $50 million worth of condoms to Mozambique.
• 37:15
  If you did, if you did the math, if you did the math, that would
• 37:18
  be like, I think it was like 25 condoms per person.
• 37:24
  Hey, that's enough. That's enough.
• 37:26
  Like that's fraud, dude. Like.
• 37:29
  There's no way to cut it. And I remember the the reporter
• 37:32
  in the press conference was like, you guys have to clarify
• 37:34
  this because originally you said that you guys were going to send
• 37:38
  this to Palestine like these condoms.
• 37:41
  And then like you have to clarify because they were
• 37:44
  actually going to Mozambique. And then Elon was like, like,
• 37:48
  does that make it any better? Like, like, do the American
• 37:52
  people know that they're paying $50 million worth of taxes?
• 37:56
  The average taxpayer throughout their entire life pays $500,000
• 38:01
  worth of taxes. Just do the math, right?
• 38:04
  50 million of that was going to to paying for like the whole
• 38:10
  thing is messed up, right? And the root of all of this is
• 38:13
  central banking. The root of all of this is Fiat
• 38:16
  money. This is what we're fighting
• 38:17
  against. This is a peaceful revolution.
• 38:19
  This is what Bitcoin is all about.
• 38:21
  And as long as governments have the ability to create money for
• 38:24
  free, they're going to continue to abuse that power.
• 38:27
  So even if, even if DOGE goes perfectly, it doesn't fix the
• 38:32
  root cause. And that is really, really what
• 38:37
  we're going to continue to hammer on and fix.
• 38:40
  I mean, talk about here, it's simply Bitcoin.
• 38:42
  Don't, don't. Say the comments.
• 38:43
  I'm just referencing the comments.
• 38:45
  Yeah, that our, our, our live chat is wild.
• 38:47
  Anyways, guys, help us break 200 likes within the first hour of
• 38:51
  the show. We're at 169 likes.
• 38:54
  Smash that like button. I kind of want to drop a poll
• 38:58
  before we move on to the next segment.
• 39:01
  Opti, what are you thinking? What are you thinking?
• 39:03
  You have a poll? No, no, no, that's another poll
• 39:05
  in the chat. I'm talking about a poll in the
• 39:07
  Thing. Do it?
• 39:09
  Yeah. I don't know, Pulling the what?
• 39:11
  Opti's failing, failing me live. All right, everybody, let's get
• 39:14
  to the new segment. We still have a ton to talk
• 39:16
  about. Then the culture segment, we're
• 39:17
  going to talk about passport and a new segment that simply
• 39:21
  Bitcoin is is collaborating on, which is going to be really,
• 39:24
  really exciting. So we will be right back.
• 39:29
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  your piece of Bitcoin. All right, normally Opti would
• 41:43
  have the passport in his hands, but he doesn't because he's
• 41:46
  travelling and you shouldn't travel with your hardware
• 41:48
  wallet. But he is, he has it in his
• 41:50
  hands. Get yourself a passport by
• 41:53
  Foundation Devices promo code simply to get a discount.
• 41:56
  And I also saw something in the chat as well and I want to pull
• 41:59
  it up. Where can I find the chat?
• 42:01
  Here it is. Q should demo the passport.
• 42:07
  Get Opti Q doesn't have so yeah, yeah, yeah, just.
• 42:16
  Imagine it's here the day travel with the.
• 42:18
  Day that, the day that one of the foundation guys comes on is
• 42:22
  the only day that AFTI doesn't have the password on him.
• 42:26
  Yeah, yeah, don't, don't travel with your RE.
• 42:28
  Well, maybe Q. And A can tell the audience that
• 42:30
  it's probably not the best OPSEC to go through TSA with your
• 42:33
  passport. So, you know, maybe I'm doing
• 42:36
  something right here. Definitely wouldn't advise
• 42:39
  travelling with your hardware wallet if you don't if you don't
• 42:41
  need to. However, I will say I make a
• 42:43
  point of travelling with one of my test ones anywhere I go on a
• 42:46
  flight and I've never once been stopped.
• 42:48
  Oh, there you go. There you go, some tea for you
• 42:50
  guys for. Now for now, like I feel like.
• 42:53
  That that's not to say. Like that's like that's
• 42:56
  happening now. But I think like in, you know, 5
• 43:00
  or 10 years, like, you know, yeah, yeah, yeah, yeah.
• 43:05
  So, but I think, you know, I think it honestly, you could
• 43:10
  just say it, dude, it's a, it's a Nokia phone just like like
• 43:15
  technically, OK, It's like a really, it's a special edition
• 43:19
  Nokia anyhow, all right, so let's talk about this.
• 43:23
  What am I doing? Take the comment off.
• 43:26
  Take the comment off. Oh.
• 43:27
  Thank you, thank you, thank you. All right, everybody, so let's
• 43:30
  talk about Nigeria's central bank digital currency, the E
• 43:34
  naira. Why is this important?
• 43:36
  Why is this important? Why is this so important?
• 43:39
  Like, I don't know, it's like a lot of you, most of our audience
• 43:42
  is based out of the United States, Canada and the United
• 43:45
  Kingdom and it the rest of the audience is worldwide.
• 43:48
  And we absolutely love you guys, but maybe you guys don't care
• 43:52
  what's happening in Nigeria. The reason you should care is
• 43:56
  because it's a test bed. It's a foreshadowing.
• 44:00
  This is what they want to do worldwide.
• 44:03
  Make no mistake. Do you think they're just going
• 44:08
  to give over the keys and say you guys have found better
• 44:10
  money? And you know what?
• 44:11
  Like look at how they've reacted to dosh.
• 44:16
  Like look at how they've reacted to that.
• 44:18
  And, and, and I'll put it bluntly, guys, that was straight
• 44:21
  looting. Like they were looting, they
• 44:24
  were taking tax dollars and they were assigning those tax dollars
• 44:29
  to, you know, projects. And they hide behind the
• 44:34
  nobility of those projects, right?
• 44:35
  They'll say like, oh, you know, like sending $50 million worth
• 44:41
  of condoms, you know, to, to, to stop HIV to Mozambique is
• 44:45
  actually good. But when you kind of like look
• 44:47
  into the details, you're like, wait a second.
• 44:49
  Like that's more condoms in the entire population.
• 44:55
  It's fraud there. It's obviously fraud.
• 44:57
  How are these pop? How are a lot of these pop
• 44:59
  politicians worth 10s of millions of dollars off a
• 45:03
  government salary? It doesn't make sense, right?
• 45:07
  And that's what happened with the whole USAID thing, right?
• 45:11
  And it was essentially a slush fund, but you were paying for
• 45:13
  it. If you're a tax dollar, if
• 45:15
  you're a taxpayer, you're paying for it.
• 45:16
  And make no mistake, if you live in a Western country that has a
• 45:21
  powerful Fiat currency, most likely corruption and fraud and
• 45:28
  mismanagement, it's probably happening in your country too,
• 45:32
  right? So this is just the tip of the
• 45:33
  iceberg. As Bitcoiners, we know the
• 45:36
  solution to this. The solution to this is the
• 45:39
  separation of money and state. If you don't separate money and
• 45:42
  state, they will continue to do this.
• 45:45
  It's human nature. It there's no self correcting
• 45:50
  mechanism, there's no incentive for them to change.
• 45:53
  Like think about it for a second.
• 45:55
  If you make a bad decision as a business owner, you go out of
• 45:58
  business. If you make a bad decision as a
• 46:01
  government bureaucrat, there is no feedback whatsoever to your
• 46:07
  bad decision. There's no feedback to it.
• 46:10
  Just print more, right? It's that's it.
• 46:12
  You can just print it, right? Anyhow, so then I give you guys
• 46:18
  the context. What happened in Nigeria?
• 46:21
  Well, the E naira was incredibly unpopular.
• 46:25
  They rolled it out and there was no adoption of it.
• 46:27
  Why was there very little adoption of the Nigerian Central
• 46:31
  bank digital currency? Because it doesn't solve 2
• 46:34
  problems that Bitcoin solves. Governments will always want to
• 46:39
  control and censor money, and governments will always want to
• 46:45
  debase money. In fact, until Bitcoin came
• 46:49
  along, there was a very solid argument that money couldn't
• 46:54
  exist without inflation. Now can't.
• 47:00
  As long as Bitcoin continues, it continues to prove that not only
• 47:05
  can money can, not only can money exist without inflation,
• 47:09
  money is actually significantly better without inflation.
• 47:13
  And unfortunately for governments that have been using
• 47:17
  the money printer as a form of revenue, you know, they have to
• 47:23
  ask. They have to answer some very
• 47:24
  tough questions, right? What happens when their
• 47:27
  constituents start to say, hey, wait a second, guys like, you
• 47:31
  tax my income already? We've agreed to that.
• 47:34
  There's laws, there's a social contract, but I never agreed to
• 47:39
  my money being taxed via inflation.
• 47:41
  And you see how they react to this when you see them try to
• 47:46
  justify it. They'll blame the war in
• 47:48
  Ukraine. They'll blame the supply chains.
• 47:50
  They'll blame the weather. This is actually true, right?
• 47:54
  They'll blame everything and anything but themselves, even
• 47:58
  though they are the sole cause. How, how could how could the
• 48:02
  weather debase the currency? That's impossible.
• 48:06
  So they rely on the fact that people are not educated on the
• 48:09
  matter and they get away with it.
• 48:11
  But make no mistake, and if you guys want to take one thing from
• 48:15
  this episode today, inflation is taxation and it's taxation that
• 48:21
  isn't agreed upon. And if it's taxation that isn't
• 48:25
  agreed upon via legislation or via the social contract, that is
• 48:29
  theft. Let's be blunt.
• 48:31
  Inflation is theft. You can make the same argument
• 48:35
  about taxation. You can say taxation is theft.
• 48:38
  Guess what? They went through Congress,
• 48:40
  people voted on it. It's the law.
• 48:42
  So it is. That's your opinion that
• 48:44
  taxation is theft, but it's in the social contract.
• 48:48
  It's not in the social contract that we have to pay the money
• 48:52
  tax. It's not in the social contract.
• 48:54
  So anyways, I had to give all that context.
• 48:56
  I know it's a little bit long winded, but the Nigeria central
• 49:01
  bank digital currency which was a test bed for central bank
• 49:05
  digital currencies worldwide was an absolute failure.
• 49:09
  And you know what they did when it failed?
• 49:12
  They actually arrested one of the Binance executives.
• 49:16
  And the reason that they arrested him is because they
• 49:19
  claimed that Binance was causing instability in the country.
• 49:22
  Why? Because a lot of Nigerians were
• 49:24
  using Binance as an off ramp to their local Fiat currency.
• 49:30
  So they're using Binance as an off ramp and they blamed Binance
• 49:35
  for for essentially facilitating being an off ramp instead of
• 49:38
  taking responsibility and say, OK, guys, we should probably
• 49:41
  print less money because, you know, this inflation stuff is
• 49:44
  going crazy. No, no, no, they blame they
• 49:48
  blame this, you know, private company incorporation.
• 49:51
  But anyhow, this guy was sitting in prison for a very long time.
• 49:54
  This is the news today. This is the update Nigeria freed
• 49:58
  the How do you say that Opti? I don't know.
• 50:02
  That's the guy's name. Gamberian.
• 50:04
  Gamberian. Freed Gamberian in exchange for
• 50:08
  access to U.S. financial surveillance capabilities.
• 50:12
  So Nigeria P appears to exchanged finance executive and
• 50:16
  former IRS criminal investigator Tigran Gamberian for access to
• 50:22
  US resources and expertise in financial surveillance
• 50:26
  capabilities as part of a secret deal with the US State
• 50:30
  Department. Very, very, very, very
• 50:33
  interesting. So it goes on to say the
• 50:36
  Nigerian regime is known for being one of the most corrupt
• 50:38
  and abusive in the world. Additionally, Nigeria became the
• 50:42
  first country to launch a central bank digital currency.
• 50:47
  So very, very interesting. This guy is freed.
• 50:50
  Make no mistake. Don't buy into the gaslighting.
• 50:53
  The reason that they, you know, they, they, they, the reason
• 50:56
  that they locked this guy up was because Binance was providing an
• 51:02
  off ramp for the Nigerian people.
• 51:04
  But I want to connect this with what's happening in Europe,
• 51:08
  right? So Nigel, or I think that's how
• 51:11
  you say his name says Europe needs digital currency for
• 51:15
  sovereignty. So check that out.
• 51:17
  I'm going to read that again, right, Because it may it like it
• 51:19
  contradicts, you know, I always I've came up with the term guys
• 51:23
  in the same. I'm kind of applying it with the
• 51:26
  $600, like, you know, the, the law that they tried to pass
• 51:31
  where every $600.00 transaction had to be, you know, verified
• 51:34
  and audited. Meanwhile, like they're
• 51:36
  screaming and saying, you know, like this is a threat to the
• 51:39
  democracy when when we the people want to audit the
• 51:43
  government. I came up with the term of
• 51:46
  central banker and politician projection.
• 51:50
  So they project onto US what it is they are guilty of
• 51:53
  themselves. And I find it absolutely
• 51:56
  hilarious that this guy is basically claiming that without
• 52:01
  a central bank digital currency, Europe won't have sovereignty.
• 52:06
  Which is hilarious. Sovereignty for who?
• 52:09
  Sovereignty for the politicians, sovereignty for the bureaucrats
• 52:13
  or sovereignty for the people, Right.
• 52:15
  So anyways, it goes on to say Europe should introduce a
• 52:18
  digital currency, both for retail and wholesale, used as a
• 52:21
  sovereign instrument to stand up against private sector forces in
• 52:25
  global finance. Do you see the wording in that?
• 52:28
  Private sector forces. OK, so let I'm I'm let's do a
• 52:32
  close up on me Opti. OK, so let's break it down for
• 52:35
  for just a second. Can you audit the European
• 52:40
  Central Bank? No.
• 52:43
  Can you create more EUR? No.
• 52:47
  You go to jail, right. Can you create more Bitcoin?
• 52:53
  Yeah. All you got to do is mine it.
• 52:55
  Can you audit Bitcoin anytime you want?
• 52:59
  If you're running your own node, Yeah.
• 53:02
  What sounds more private and what sounds more public to you?
• 53:07
  And full circle, this is what I mean by central banker and
• 53:14
  politician projection. They project onto US what it is
• 53:18
  they're guilty of themselves. And this article is very clever
• 53:22
  because what they're doing is they're wordsmithing, right?
• 53:25
  They're wordsmithing. They're basically saying, hold
• 53:27
  on, guys, you know, we need a sovereign instrument to stand up
• 53:31
  against private sector forces. What if the private sector comes
• 53:36
  up with better money for the people?
• 53:38
  Because that's what happened. That's what happened.
• 53:42
  But you can't claim that Bitcoin is controlled by a cabal of
• 53:47
  people. Bitcoin is completely
• 53:49
  decentralized. No one controls it.
• 53:51
  The rules are set in stone. It's just an inconvenience to
• 53:55
  you that it's just better money than the money that you guys
• 54:00
  have issued. And I'll tell you something.
• 54:03
  I don't think Bitcoin would have been invented if it wasn't for
• 54:07
  the abuses that the central bankers committed.
• 54:12
  It says it in the genesis block on the chancellor, on the brink
• 54:16
  of the second bailout for banks. Satoshi inherently knew they
• 54:19
  were going to continue to debase the currency.
• 54:22
  So I mean, like it's it's absolutely ridiculous.
• 54:29
  Like this is it's projection. But one thing is pointing this
• 54:35
  out, but another thing is, guys, you have to take personal agency
• 54:40
  and you have to get on top of this because most people aren't
• 54:46
  consuming simply Bitcoin as content.
• 54:49
  Most people and a lot of people for whatever reason, are still
• 54:54
  consuming their information from legacy media.
• 54:58
  And if you're not aware of what money is, then you're looking at
• 55:02
  this and you're like, holy cow, you know what?
• 55:05
  Opti, the private sector, bro, it's a threat.
• 55:07
  It's a threat to our democracy. Holy cow, this Bitcoin thing is
• 55:11
  a threat to the democracy. I would, I would say what I
• 55:15
  would claim is central banking is a clear and present threat to
• 55:21
  democracy much more than a central bank digital currency
• 55:30
  anyways. So it goes on to say in AQ and a
• 55:34
  session at the close of an OMFIF lecture in association with the
• 55:40
  London School of Economics, Nigel coupled skepticism about
• 55:45
  developments, developments in the crypto economy with
• 55:49
  assurances that the European Central Bank would not take
• 55:53
  risks with undue monetary easing.
• 55:56
  Speaking at the lecture 10 days before a German general
• 55:59
  election, he said the closer we get to the neutral rate, the
• 56:03
  more appropriate it becomes to take gradual approach.
• 56:07
  It goes on to say proceeding in any data-driven and gradual
• 56:11
  manner has served the ECB Governing Council well.
• 56:14
  There is no reason to act hastily in the present present
• 56:17
  uncertain environment. The data tells us where we need
• 56:20
  to go. Echoing his French counterpart
• 56:23
  Governor Whatever, Nigel foresaw inflation in the euro area
• 56:28
  falling to around the EC BS 2% target by the summer, providing
• 56:32
  further leeway for potential rate cuts.
• 56:35
  During the discussion, he left his audience in no doubt about
• 56:38
  his views on the crypto friendly leanings of the administration
• 56:42
  of U.S. President Donald Trump.
• 56:44
  He argued that Bitcoin was not a currency, but more like an asset
• 56:49
  class, describing it as the opposite of transparent.
• 56:54
  I'm telling you, the law of central bank politician
• 56:58
  projection never fails. How the F is their system more
• 57:03
  transparent than ours, right? It's an open Ledger.
• 57:08
  Anyone could verify it at any time, right?
• 57:11
  So don't fall for it. Don't fall for it.
• 57:13
  It's like that $600.00 law that they tried to pass it.
• 57:16
  Wait, go back, go back. Read that part OK, I, I got to
• 57:20
  pull this up. Like they're going to pull,
• 57:22
  they're going to try to do what they're going to try to do what
• 57:25
  they, what they did in, in Nigeria.
• 57:28
  And here it is. CBDC's will play a role in
• 57:31
  future resilience of Europe, he stated, indicating that this was
• 57:35
  tied to European sovereignty. Outlining the growing strength
• 57:40
  of private sector actors, many from the US and the
• 57:44
  international payments field, he cautioned that these could be
• 57:48
  used in a digital environment as a form of weapon.
• 57:52
  Underlying. This is all projection.
• 57:54
  This is 100% projection. He is projecting what he
• 57:58
  believes the CBDC can be used for, underlying the need for
• 58:03
  Europe to establish a means of resistance in the digital
• 58:06
  sphere. When asked about the impact of
• 58:08
  digitalization and the introduction of a CBDC on a
• 58:12
  neutral rate of interest, Nigel said it was too early to tell,
• 58:16
  but reiterated that a CBDC will have an important role in the
• 58:19
  future, adding that it is a public good that the monetary
• 58:23
  authorities should provide. Like dude, no, it, it, it and,
• 58:30
  and again, just catch them over and over and over and over and
• 58:33
  over and over and over and again.
• 58:35
  They hide behind the veneer of it being a public good.
• 58:40
  Like they hide behind it. They say this is for your
• 58:44
  safety, if not, it's a threat to democracy.
• 58:47
  But in reality, they just want power and control.
• 58:50
  And this is one of the things that I love about Bitcoin is
• 58:52
  that it exposes incentives. His incentives are being
• 58:57
  exposed. What?
• 58:58
  What? OK, let me ask you something in
• 59:01
  the in the case with Nigeria, they're dealing with double
• 59:04
  digit inflation. Why do you think people are
• 59:05
  seeking alternative currencies? They don't want to deal with
• 59:09
  double digit inflation. What what, why in the US, even
• 59:13
  with the dollar, which is a relatively stable Fiat currency,
• 59:16
  relatively stable, why are people still seeking Bitcoin?
• 59:19
  Because it's better money. So the, the problem that
• 59:24
  politicians and central bankers have is and they use, you know,
• 59:28
  like all this very complicated language and all these
• 59:31
  justifications is how are you going to explain to people that
• 59:36
  inflation is necessary when clearly it's being proved every
• 59:42
  single day that Bitcoin continues to survive that it
• 59:45
  isn't necessary? How are you going to convince
• 59:48
  them of that? And what happens when people
• 59:51
  start to realize that when you adopt A Bitcoin standard, your
• 59:54
  life gets progressively cheaper versus if you're on a Fiat
• 59:58
  standard, your life gets progressively more expensive for
• 1:00:01
  the rest of time. How are you going to explain
• 1:00:03
  that away? So they used.
• 1:00:08
  People's goodwill and good intention and belief in that
• 1:00:14
  system and they abused it. And I don't think, I think that
• 1:00:19
  if they wouldn't have abused it, I don't think Bitcoin would
• 1:00:22
  exist. I think that if what didn't
• 1:00:25
  happen in 2008, if what happened in 2008 didn't happen, I don't
• 1:00:30
  think Bitcoin would exist. Bitcoin was a reaction to the
• 1:00:36
  crime they committed. And remember, no significant
• 1:00:41
  central banker or banker in general went to jail for what
• 1:00:47
  happened in 2008 where the American people, the Main St.
• 1:00:52
  bailed out Wall Street. And that's what Bitcoins about.
• 1:00:57
  So don't let them gaslight you. Don't let them use these words.
• 1:01:02
  Don't let them say that it's because of this and it's because
• 1:01:05
  of that. And Europe needs sovereignty and
• 1:01:08
  and you know, it's a it's a public good.
• 1:01:10
  No question them how's it how let me ask you something.
• 1:01:13
  How's, how is the central bank more, more public than Bitcoin?
• 1:01:19
  And watch that they're going to, they cannot answer the question.
• 1:01:23
  Make them follow their own rules.
• 1:01:26
  Make them answer those questions.
• 1:01:28
  They don't have answers to those questions.
• 1:01:30
  They're relying on the fact that you don't know any better.
• 1:01:35
  But in the era of the Internet and the era of mass scale
• 1:01:39
  peer-to-peer communications, AK social media, their ability to
• 1:01:44
  control the narrative is gone, doesn't exist anymore.
• 1:01:47
  But we have to use it. We have to take advantage of it.
• 1:01:50
  This is narrative trench warfare on the battlegrounds of the
• 1:01:53
  Internet. And what we're fighting for is
• 1:01:55
  the freedom of humanity from the tyranny of central banking.
• 1:01:58
  But we have to this is this is, this is about winning over the
• 1:02:01
  hearts and minds. It's about getting the message
• 1:02:03
  out there. That's all it's about.
• 1:02:04
  It's it's not kinetic. It's literally about information
• 1:02:08
  warfare. Literally talking to the person
• 1:02:10
  next to you and telling them the truth.
• 1:02:12
  It's not left versus right. It's not red versus blue.
• 1:02:16
  It's green versus orange. It's Fiat versus Bitcoin.
• 1:02:19
  It's Bitcoin or slavery. That's it.
• 1:02:21
  Drop Mike. I'm going to get Q&A in here
• 1:02:24
  went on a rant. It just makes me so passionate,
• 1:02:26
  bro, when I hear these like central bankers and politicians
• 1:02:30
  just like, you know, like complete gaslight and say stuff
• 1:02:34
  like, oh, you know what? This is important for European
• 1:02:37
  sovereignty. Oh, you know what this is
• 1:02:40
  Bitcoin isn't, isn't isn't public.
• 1:02:42
  Bitcoin is private. Like it's such BS Q and AI know
• 1:02:46
  Brit exit happens. I know you know the United
• 1:02:50
  Kingdom went a separate direction, but like, bro,
• 1:02:53
  Brussels is going crazy, are they not?
• 1:02:58
  Yeah, there's just some outrageous comments in there.
• 1:03:01
  You've obviously touched on all of the big ones that the only
• 1:03:03
  one that you missed off that I wanted to highlight was earlier
• 1:03:06
  on in the article where he mentioned that we are not going
• 1:03:09
  to do anything rash basically, and we're not going to print a
• 1:03:11
  load of money in response to this.
• 1:03:13
  And I was just thinking immediately, well, hang on, that
• 1:03:16
  ship's already sailed. Like you've already printed
• 1:03:18
  trillions and trillions of EUR and inflation is running rampant
• 1:03:22
  throughout your territory. Like it's too late for that sort
• 1:03:25
  of shit. And like you said, that is the
• 1:03:28
  driver for people to want change.
• 1:03:31
  It's, it's almost poetic around the timing of the, the 2008
• 1:03:34
  financial crisis and the launch of Bitcoin.
• 1:03:36
  It's almost as if it was planned.
• 1:03:37
  But I, I just dropped into the, into the comments of the of the
• 1:03:40
  live chat as well. And necessity is the mother of
• 1:03:43
  innovation. When people get backed into a
• 1:03:45
  corner, they will look for a solution.
• 1:03:47
  And clearly that solution at the moment is a. 100%, I completely,
• 1:03:50
  completely agree with you, Opti, Quick take because I know we're
• 1:03:53
  we're running a little bit long today and I do want to get to
• 1:03:56
  the culture segment. Yeah, no, I mean, my take not to
• 1:03:59
  rehash everything you guys said, 'cause you guys hit the nail on
• 1:04:02
  the head on most of that stuff. What I find very interesting is
• 1:04:06
  the part where they start talking about the private
• 1:04:08
  sector. And I'm currently at the point
• 1:04:11
  that I'm, I'm starting to believe that we might not even
• 1:04:14
  actually see a CBDC come out from any central bank cause of
• 1:04:18
  what we saw in Nigeria, even though, you know what, to Nigel,
• 1:04:21
  Nigel, whatever his name is, sorry for mispronouncing it.
• 1:04:25
  Even though they keep pushing this idea that they need a
• 1:04:27
  central bank digital currency, I'm starting to feel like most
• 1:04:31
  people at the very least, are waking up to what that actually
• 1:04:35
  means. And the more they push, the more
• 1:04:36
  people are going to work against it.
• 1:04:38
  Obviously just go for the easier route, which is of course going
• 1:04:42
  into Bitcoin. And so I'm starting to believe
• 1:04:44
  that even though they keep talking about it, even though
• 1:04:46
  they keep doing doublespeak around Bitcoin, especially this
• 1:04:49
  article, it is, you know, quintessential doublespeak from
• 1:04:52
  or, you know, Orwell's novels here where they're projecting
• 1:04:55
  everything that, you know, Bitcoin is onto what they're
• 1:04:58
  creating. And they're trying to spin this
• 1:05:00
  narrative that, oh, CDC will be good for you.
• 1:05:03
  And I think this is falling on deaf ears.
• 1:05:05
  And so I'm, I'm starting to become very bearish on the fact
• 1:05:08
  that there will even be a CDC coming out of a central bank.
• 1:05:12
  But like they said, you know, I'm, you guys know me.
• 1:05:14
  I'm, I'm not above the idea that maybe, you know, the central
• 1:05:18
  bank digital currency comes from the private sector and hence why
• 1:05:22
  I'm kind of more anti against stable coins.
• 1:05:24
  But I think CBDC's aren't going to happen.
• 1:05:27
  I'm starting like at first, you know, we've been covering this a
• 1:05:29
  long time. It seemed like it was right
• 1:05:31
  around the corner. Now it seems like there's less,
• 1:05:34
  you know, possibility of this happening, especially now we
• 1:05:36
  have the US essentially saying we're not going to create a
• 1:05:39
  CBDC, whether from Trump or from Jerome Powell, from power
• 1:05:42
  central bank. So I'm, I'm starting to be a
• 1:05:44
  little less bearish and I guess more bullish on the idea that
• 1:05:47
  Bitcoin is going to take over a CBC is just not going to happen.
• 1:05:51
  It it's not favorable. People don't want this.
• 1:05:53
  They'll they'll try, but I think they're going to fail.
• 1:05:55
  And so that I'm obviously bullish on humanity on this
• 1:05:59
  point and Bitcoin taking over. Yeah, 100 percent, 100%, like
• 1:06:03
  100% agree with you guys. We're going to hit the culture
• 1:06:05
  segment. We have tons to talk about.
• 1:06:08
  We got Q&A in the house from Foundation.
• 1:06:11
  We're going to talk about the passport.
• 1:06:13
  We're going to be talking about a new segment of Simply Bitcoin
• 1:06:17
  that we are going to be announcing.
• 1:06:18
  We're going to be rolling out next month.
• 1:06:20
  It's going to be really, really exciting.
• 1:06:22
  So stay tuned, guys. We will be right back.
• 1:06:26
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  your success. All right, everybody, we are
• 1:08:06
  back guys. Q&A.
• 1:08:08
  Do you want them to do the honours or shall we?
• 1:08:13
  I can jump in. Yeah, absolutely.
• 1:08:15
  Very, very excited about this guys.
• 1:08:17
  You know, it's been a bit of work in a background to to bring
• 1:08:20
  this together. And yeah, it's basically happy
• 1:08:24
  to announce a a new segment on the Simply Bitcoin show, going
• 1:08:28
  to be starting off once per month at the moment, and it is
• 1:08:32
  called the Simply Bitcoin Academy.
• 1:08:35
  So what the hell is the Simply Bitcoin Academy?
• 1:08:38
  So the the aim of the game here guys is that we want to help all
• 1:08:41
  of the Simply Bitcoin and Foundation customers and
• 1:08:44
  listeners and watchers, viewers, all of the above to get involved
• 1:08:48
  and get their hands dirty and learn more about using Bitcoin
• 1:08:52
  and becoming more and more sovereign.
• 1:08:54
  So that could be literally anything from, you know, basics
• 1:08:57
  of self custody, how to use a lightning wallet, how to set up
• 1:09:01
  a multi sig wallet? Which is the best options to,
• 1:09:04
  to, to purchase as part of your multi sig wallet?
• 1:09:06
  What the hell is a mobile wallet?
• 1:09:08
  You know, is Sparrow wallet a good option?
• 1:09:11
  How the hell do I run a node? How can I become more private
• 1:09:14
  when interacting with Bitcoin? What the hell is UTXO
• 1:09:17
  management? How do I test my backups?
• 1:09:20
  Like those are just some examples that I've brainstormed
• 1:09:22
  before. What I want to do is I'm going
• 1:09:25
  to be on hand along with obviously Nico and Opti to take
• 1:09:30
  your questions in multitude of formats to basically just help
• 1:09:34
  you level up for anything related to using Bitcoin,
• 1:09:38
  interacting with Bitcoin. We want to just get you guys
• 1:09:41
  taken to the next level so that you can level up your
• 1:09:44
  sovereignty, your security, etcetera.
• 1:09:46
  And then you can go and do that with your friends and family as
• 1:09:48
  well so that we can continue to grow the hive mind.
• 1:09:52
  Beautiful, beautiful. I'm I'm extremely excited.
• 1:09:54
  I think it's going to add a tremendous amount of value for
• 1:09:57
  all of you guys. A lot of the a lot of the
• 1:09:59
  questions that we get is, you know, people just don't know how
• 1:10:03
  to take self custody. So we're going to have a
• 1:10:04
  dedicated, we're going to have a dedicated segment in the show it
• 1:10:10
  that after the culture segment and it's just going to be about
• 1:10:15
  learning how to take self custody, learning how to use the
• 1:10:18
  passport device and they just announced a new device as well.
• 1:10:22
  We're going to be talking about that in a little bit and
• 1:10:25
  learning how to use all those features because guys, you have
• 1:10:29
  to understand the pivotal moment we are in history.
• 1:10:32
  We're transitioning from the analog era to the information
• 1:10:35
  age. And, you know, in the
• 1:10:38
  information age, taking custody of your digital identity, taking
• 1:10:43
  custody of your, of your wealth is possible.
• 1:10:47
  And it, it could be a little bit intimidating for a lot of people
• 1:10:52
  because they're not used to that.
• 1:10:54
  They've been, you know, living in the Fiat matrix for most of
• 1:10:57
  their lives. And they've been outsourcing
• 1:10:58
  that responsibility to banks. They've been outsourcing that
• 1:11:01
  responsibility to governments and you can make a very solid
• 1:11:06
  argument that that, that that has been abused, right?
• 1:11:09
  So it's time for people to take back their actual sovereignty,
• 1:11:14
  not the sovereignty that that Mother Effer was talking about
• 1:11:17
  in that article, but the way that you do that sovereignty,
• 1:11:21
  taking back your sovereignty comes with great responsibility
• 1:11:23
  because there is no one 800 number to call if you make a
• 1:11:27
  mistake. There is no, you know, there
• 1:11:31
  there is no support line, right. You know, we recommend we're
• 1:11:35
  very picky on who we choose to partner with.
• 1:11:38
  You know, we have foundation we have Casa makes makes it makes
• 1:11:42
  self custody even even easier with their multi sig setup and
• 1:11:45
  all that stuff. So there's so many partners that
• 1:11:48
  you guys could choose over that, that we're with that allow you
• 1:11:52
  make this journey easier. And and I can say, you know,
• 1:11:55
  without a shadow of a doubt, the passport device.
• 1:11:58
  One of the reasons I like recommending it is they don't
• 1:12:01
  sacrifice security for convenience, right?
• 1:12:05
  We have to remember that, you know, like it seems easy, but
• 1:12:11
  like the whole concept of it of like writing down 12 words and
• 1:12:17
  those 12 words are your money is a very radical concept, right?
• 1:12:22
  Like remember the early days of when you were getting into
• 1:12:24
  Bitcoin, right? And So what I love about what
• 1:12:27
  the passport guys do is they make, they try to make that
• 1:12:31
  transition as seamless as possible.
• 1:12:36
  And part of that is the education.
• 1:12:38
  So, you know, the Simply Bitcoin Academy is going to be part of
• 1:12:43
  that educational front. We're going to have slideshows
• 1:12:46
  for you guys. We're going to have live
• 1:12:48
  previews and of course we're going to have Q&A here to answer
• 1:12:53
  any Q&A's that you might that you guys might have, right.
• 1:12:56
  So I'm going to pull up the foundation website and just show
• 1:13:00
  off the, the, you know, the, the two products that you guys have.
• 1:13:05
  Of course the passport, which we guys have been recommending for
• 1:13:08
  a long time now. Opti, can you put the QR code
• 1:13:11
  please? Oh, so sorry about that.
• 1:13:15
  So yes, this is a passport, guys.
• 1:13:18
  It's an amazing hardware wallet. It is compatible with Casa, by
• 1:13:22
  the way. So if you're using the Casa
• 1:13:24
  product, you can use the Passport as one of the keys.
• 1:13:27
  It's very seamless. You don't even have to connect
• 1:13:29
  it with the computer. You can just use the cameras.
• 1:13:32
  It's very, very cool. And again, it's if you're
• 1:13:35
  familiar with the Nokia, right? If you're as old as me, as Opti,
• 1:13:40
  right, you're very familiar with with this type of device.
• 1:13:43
  It's very user friendly. It's very easy to use and it's
• 1:13:47
  completely air gapped. So it's not even it's never
• 1:13:49
  connected to the Internet. The USBC thing that you see at
• 1:13:53
  the bottom that's just to power up the battery, but you can you
• 1:13:58
  can sign transactions in two different ways.
• 1:14:01
  Maybe Q&A is is going to RIP me a new one, but I believe it's
• 1:14:04
  only two different ways, correct through the camera and which is
• 1:14:09
  I love signing through the camera.
• 1:14:11
  It's it's super awesome. And then via the SD card, right,
• 1:14:15
  both of which are really, really cool because you don't actually
• 1:14:18
  connect the device to a computer.
• 1:14:21
  Computers are, you know, connected to the Internet.
• 1:14:23
  You know, obviously, you know, more than likely it's fine,
• 1:14:27
  right? But if you're a paranoid
• 1:14:29
  bitcoiner like a lot of us, right, you want your keys
• 1:14:32
  completely air gapped, right. So of course you guys know about
• 1:14:36
  the passport. We've been talking about it for
• 1:14:37
  a while. It connects with the Envoy app
• 1:14:41
  on your phone and the Envoy app is incredibly easy to use.
• 1:14:45
  It's really, really awesome. It's your Bitcoin wallet and the
• 1:14:48
  Envoy app actually allows you to connect to your node, right?
• 1:14:52
  So you technically you can, you can connect with foundations
• 1:14:57
  node, right? And I'm I'm sure those guys
• 1:14:59
  aren't doing anything with your UTX OS.
• 1:15:01
  But let's say you're like, no, I don't trust Q&A.
• 1:15:04
  He's that British accent doesn't, doesn't doesn't inspire
• 1:15:08
  trust to me. I'm not trusting that you can
• 1:15:10
  actually connect to the Envoy app with your own note.
• 1:15:14
  If if you just you want to trust minimize the whole situation.
• 1:15:19
  The passport is completely open source.
• 1:15:21
  You don't have to trust anyone you know the you can you can
• 1:15:24
  audit the software yourself and it's it's a really, really
• 1:15:28
  awesome device. You can scan the QR code on your
• 1:15:31
  screen. Use promo code simply you won't
• 1:15:34
  get Opti, but you will get a discount on the on the passport.
• 1:15:38
  Now they just announced the, the passport prime and it's pretty,
• 1:15:46
  pretty awesome. It's pretty, pretty cool.
• 1:15:48
  And it does something more than just securing your Bitcoin,
• 1:15:55
  your, your, your seed words. And I'll pass it on to Q&A cause
• 1:16:00
  Q&A is going to do the pitch a whole lot better than I can.
• 1:16:04
  This this device has not been released yet, but you can
• 1:16:08
  reserve it now. So Q&A, can you tell the
• 1:16:11
  audience right now we have 2753 people watching live about the
• 1:16:17
  newly released Foundation product, the Passport Prime.
• 1:16:23
  Yeah, Firstly, I think you did a great job with with going
• 1:16:25
  through Passport, Nico, that was that was beautiful.
• 1:16:27
  Just one thing I want to add before I start talking about
• 1:16:29
  Passport Prime, which you can see on screen and this is a good
• 1:16:32
  problem to have, but the the listeners and our customers have
• 1:16:36
  literally bought out all of our stock from our US factory.
• 1:16:39
  So we are working double time to re up and to manufacture those
• 1:16:43
  as quickly as possible. We're on a rough shipping
• 1:16:45
  timeline of two to three weeks at the moment.
• 1:16:47
  So if you place your order today for a Passport then that will be
• 1:16:50
  shipped out in around two to three weeks.
• 1:16:53
  And we appreciate your patience and thank you for clearing out
• 1:16:55
  all of our stock. We didn't see it come in.
• 1:16:57
  So yeah, that was that was wonderful to to see happen.
• 1:17:01
  So yeah, just a couple of weeks, bear with us and we'll be back
• 1:17:04
  in stock and shipping next day. With that said, what you see on
• 1:17:08
  screen is Passport Prime, our new device.
• 1:17:11
  I'm being very careful here to not call this device a hardware
• 1:17:14
  wallet. That's for for two reasons.
• 1:17:17
  The 1st is that it does way more than that.
• 1:17:20
  And the second one is that it has different kind of trade off
• 1:17:24
  models to the existing Passport device that Nico's just been
• 1:17:27
  talking about. With Passport, as Nico said,
• 1:17:30
  it's entirely air gap, it's completely offline.
• 1:17:32
  It is the most secure way that you can keep your Bitcoin safe,
• 1:17:36
  secure and offline. You can't interact with it via
• 1:17:39
  USB, you can't plug it into a computer and you have to
• 1:17:42
  interact with it via QR codes or micro SD cards.
• 1:17:45
  Again, that's intentional and that's to maintain the maximum
• 1:17:47
  level of security that we can. However, that poses some UX
• 1:17:52
  hurdles, which we've done at our best to lower the barrier to
• 1:17:56
  entry of, but you can only go so far with an A gap device.
• 1:17:59
  You still have to bridge that gap by doing, you know, QR code
• 1:18:03
  scanning or micro SD card passing back and forth, which
• 1:18:06
  can be a little bit of a hurdle for some people to kind of gain
• 1:18:08
  an understanding of what's going on.
• 1:18:11
  So with Passport Prime, along with a bunch of new features
• 1:18:14
  which I'll get onto in a second, we've added additional
• 1:18:16
  connectivity options, namely NFC and encrypted Bluetooth
• 1:18:20
  communications that we're calling Quantum Link.
• 1:18:23
  What that means is that you can do all of your usual Bitcoin
• 1:18:26
  kind of transactions and management with Envoy or mobile
• 1:18:31
  app or any of the other wonderful open source
• 1:18:33
  alternatives that are on the market.
• 1:18:35
  But if you don't want to do that via QR code or micro SD card,
• 1:18:38
  you can have it kind of happen magically over NFC with a quick
• 1:18:42
  tap or via our encrypted Bluetooth communications as
• 1:18:45
  well. Such that what that means is
• 1:18:47
  that basically everything can happen kind of on the Passport
• 1:18:50
  Prime screen. And it's a much more of a
• 1:18:52
  seamless experience so that you, you don't have to kind of juggle
• 1:18:55
  the two devices back and forth. It's a much faster operation and
• 1:18:59
  it kind of makes things a lot faster and easier onto the the
• 1:19:03
  additional functionalities. We're calling Passport Prime A
• 1:19:07
  personal security platform. The reason that we're doing that
• 1:19:10
  or or we're calling it that should I say is that of course
• 1:19:14
  it will secure your Bitcoin. It will have all of the features
• 1:19:16
  that the existing passport has in terms of all of the Bitcoin
• 1:19:20
  management software. So additional seeds,
• 1:19:23
  passphrases, multi sig QR codes, all of that stuff, all will all
• 1:19:27
  be in Prime. It will be a feature parity at
• 1:19:29
  launch, but alongside that we've added in loads of other core
• 1:19:33
  functionalities such as you can now have your two FA Codes app
• 1:19:36
  so that you can secure all of your online accounts and have
• 1:19:39
  those offline stored on Prime. You can have your Fido security
• 1:19:43
  keys similar to kind of how Apple does their pass keys.
• 1:19:46
  You can have those stored on Passport Prime.
• 1:19:48
  You can have a seed vault as well, which is kind of like the
• 1:19:52
  the vault where you can keep all of your different seeds so it
• 1:19:55
  can act as an additional backup for all the different mobile
• 1:19:58
  wallet seeds that you have. So if you use say Sparrow or you
• 1:20:02
  have a mobile wallet on Blue wallet or you use something like
• 1:20:05
  nunchuck, you can have all of those backed up in in Passport
• 1:20:08
  Prime as well. What else have I missed?
• 1:20:12
  Oh yeah, we also have an encrypted file storage as well.
• 1:20:14
  So you can keep 50 gigabytes worth of your most important
• 1:20:19
  files encrypted and offline on your Passport Prime as well.
• 1:20:23
  And just so you can get an idea for the form factor, this is
• 1:20:27
  roughly 2/3 the height of an iPhone.
• 1:20:30
  So it's very portable and easy to to be much more of a of a
• 1:20:34
  daily carry device when compared with your, you know, something
• 1:20:39
  like an offline, a gap hardware like Passport.
• 1:20:42
  As you've probably seen from the images, it is a touch screen
• 1:20:44
  device. So it will feel very intuitive
• 1:20:46
  to well everybody on the planet that owns a smartphone and we
• 1:20:50
  default to a very slick NFC Shamir secret sharing backup
• 1:20:54
  scheme. What that means is that
• 1:20:56
  essentially you can get set up and backed up in about 5
• 1:21:00
  minutes. You just tap 2 cards to the back
• 1:21:03
  of the to the back of the device and then a third Shard or third
• 1:21:08
  piece of your seed is encrypted and sent off to your iCloud or
• 1:21:12
  to your Google account. Now that might make some
• 1:21:14
  hardcore bitcoiners shoulder the thought of like 1 Shard of their
• 1:21:18
  their kind of private key going up to the cloud again, that is
• 1:21:21
  completely optional. But the the idea with prime here
• 1:21:24
  is that we are further lowering that barrier to entry to make
• 1:21:27
  this ready for the masses. And the most important part for
• 1:21:31
  me is that you can get it in two colorways, which you can see on
• 1:21:33
  screen and as a as the resident dark mode maximalist that passed
• 1:21:37
  that foundation. Very, very, very happy to
• 1:21:39
  announce that we are now shipping a dark mode device so
• 1:21:42
  that you can get that stealth look.
• 1:21:45
  Yeah, I don't I don't even know why there's white mode like now
• 1:21:49
  that there's like dark mode, like I feel like, you know, like
• 1:21:53
  if you are using like X on white mode, like I don't want to be
• 1:21:57
  your friend. You're a psychopath.
• 1:21:58
  Yeah, like I don't want to be your friend.
• 1:22:01
  So yeah, No, the colors are absolutely beautiful.
• 1:22:04
  The design of the device is absolutely beautiful.
• 1:22:07
  And yeah, again, you guys, this is all about like the I want to
• 1:22:12
  talk about the two FA thing for a little bit just to kind of
• 1:22:16
  give you guys an example. So if you guys have a Gmail
• 1:22:21
  account or something, you know, more than likely you have two FA
• 1:22:26
  signed up. If for whatever reason you're
• 1:22:29
  using SMSI, highly recommend against that.
• 1:22:33
  There's a lot of SIM swapping and a lot of things going
• 1:22:35
  around. So you probably have two FA on,
• 1:22:39
  you know, in two FA as you scan AQR code on your phone and you
• 1:22:44
  have Google, I forget what it's called Google Bolt.
• 1:22:48
  What is it? I forgot.
• 1:22:51
  But anyhow, you have a, you have a, you know, a Google
• 1:22:54
  Authenticator on your phone or offi and you have all your two
• 1:22:59
  FA codes on, you know, on your phone.
• 1:23:03
  Problem is that your phone is, is hot.
• 1:23:07
  It's connected to the Internet, right?
• 1:23:09
  And now for whatever reason, Authenticator even is allowing
• 1:23:13
  cloud backups, which I think is fucking crazy.
• 1:23:16
  Excuse my language. So this is awesome because you
• 1:23:20
  can now have your two FA codes on an air gap device, right?
• 1:23:25
  That's very, very important. Also, this is really cool.
• 1:23:30
  I actually didn't know about this, but you guys have 50
• 1:23:35
  gigabytes of encrypted storage on the device itself.
• 1:23:39
  So if there's any type of very sensitive documents or any types
• 1:23:44
  of sensitive data that you have, I don't recommend putting it on
• 1:23:48
  your phone. You know, this is this is a
• 1:23:51
  great to have it on the device itself.
• 1:23:55
  So it's more than a hardware wallet, you know, it, it has a a
• 1:23:59
  lot of this functionality that a lot of your sensitive data and
• 1:24:03
  this digital world that we live in.
• 1:24:05
  You know, as much as that central banker was like, we got
• 1:24:07
  to get ready for digitalization by rolling out CBDC.
• 1:24:10
  And he is, he is right about the world becoming more digital.
• 1:24:16
  Yeah, you got to, you got to take care of your, of your
• 1:24:18
  online, you know, on your online identity and your keys.
• 1:24:21
  You got to do it the right way. So yeah, definitely get yourself
• 1:24:25
  a passport. Prime reserve it now.
• 1:24:28
  The passport is available now. You you guys aren't
• 1:24:31
  discontinuing the passport, right?
• 1:24:33
  Because that's a fan favorite. Absolutely not.
• 1:24:35
  That's going that is going nowhere.
• 1:24:37
  We just sold out temporarily for the next couple of weeks.
• 1:24:39
  You can still place an order passport as you as you see it is
• 1:24:42
  going nowhere and little bit of alpha news for for the
• 1:24:46
  listeners. We may or may not be releasing a
• 1:24:49
  very, very, very minor twist on the current passport in the
• 1:24:53
  coming months. No need to hold out in terms of
• 1:24:57
  is it going to be a big improvement in any sort of
• 1:25:00
  functionality or any, you know, abilities.
• 1:25:04
  It will be similar in that respect.
• 1:25:07
  Just a very slight different option to cater to different
• 1:25:11
  tastes is also I'll say. Yeah, good, good sneak peek.
• 1:25:14
  I don't even know what it is, but I, I'm not going to guess,
• 1:25:17
  but Q and AI do want to jump in here because there were a few
• 1:25:19
  good comments in the chat and I think it'd be good to hit on
• 1:25:22
  those live before we wrap up today's show.
• 1:25:24
  So you responded to them in the chat.
• 1:25:26
  I don't have access to my computer right now, but if you
• 1:25:29
  just want to rehash the questions and then give those
• 1:25:32
  answers and then we can roll out today.
• 1:25:35
  Yeah, so Kaifo me asked if we have a stateless mode support.
• 1:25:40
  Yes, we absolutely do in both passport and passport prime.
• 1:25:43
  And for those that aren't aware what that means, that's
• 1:25:46
  basically, you know, the ability to use passport or prime as in
• 1:25:51
  kind of like seed signer mode where the, the seed or the
• 1:25:54
  master secret is never ever saved to the device.
• 1:25:57
  What that obviously that poses with it some UX hurdles in that
• 1:26:00
  you have to load the seed into the device every time.
• 1:26:02
  But some of the more advanced users do prefer that rather than
• 1:26:06
  the seed being active or be it secured by the secure elements
• 1:26:09
  all of the time on the device. So we, we support that.
• 1:26:12
  You can choose your own journey. You can have the seed saved
• 1:26:14
  permanently, which is the traditional way, or you can use
• 1:26:17
  it in stateless mode as well. We Keith in the chat says I'm
• 1:26:22
  calling it Q convince Zach to drop a blacked out passport.
• 1:26:26
  I could not possibly comment on that over the wise smile.
• 1:26:32
  Oh my God, someone asked. Does it have a lock screen with
• 1:26:38
  a passport but with a password? Yeah, absolutely.
• 1:26:41
  You can choose a numerical PIN or proper alphanumeric password.
• 1:26:46
  Incredible, incredible. So Anthony asked.
• 1:26:50
  So this device is just storing my BTC not a bit.
• 1:26:53
  Not able to use regular for service.
• 1:26:56
  I don't know what that means. Yeah.
• 1:26:57
  I'm not sure what the last bit is, but yeah, it will store your
• 1:26:59
  Bitcoin like a traditional hardware.
• 1:27:01
  Well, it would, but it does all of the extra things that I just
• 1:27:04
  mentioned as well, you know 2FA code, security keys, additional
• 1:27:07
  seeds, file browser, etcetera, etcetera.
• 1:27:09
  And the bit I kind of failed to to mention is that we're
• 1:27:13
  building this on a on an open source operating system called
• 1:27:16
  key OS that we built from the ground up.
• 1:27:18
  Obviously that is like everything that we do completely
• 1:27:21
  open source. And what that means is that you
• 1:27:24
  Passport Prime users are not wholly relying on us to produce
• 1:27:28
  apps for the device. So if you have, you know, let's
• 1:27:31
  say Casa is a great example. If Casa wanted to build their
• 1:27:35
  own app for Passport Prime, they could go and do that.
• 1:27:38
  They could just integrate with us.
• 1:27:40
  They don't even need our permission.
• 1:27:41
  Obviously, we'd love them to do that, but the sky is the limit
• 1:27:44
  for what this device can do. Basically, we are not the
• 1:27:47
  gatekeepers. We're going to open source
• 1:27:50
  everything as always, we'll have a kind of an open app platform.
• 1:27:54
  And if if you have a popular wallet, let's say, I don't know,
• 1:27:57
  Nuncho Cake wallet, or let's say it doesn't even need to be
• 1:28:00
  Bitcoin focused, it could be a password manager like Bit
• 1:28:03
  Warden. If you wanted to build an app
• 1:28:05
  and have it live on Prime, we would welcome that.
• 1:28:07
  We would help you do it. And, well, more importantly, we
• 1:28:09
  can't stop you from doing that. Incredible.
• 1:28:13
  Last question here is how much is it by money 2247?
• 1:28:17
  Yeah, good question. I should have mentioned that
• 1:28:19
  that it's 299 U.S. dollars you can reserve.
• 1:28:22
  Now we have a handful of early access units remaining and I do
• 1:28:28
  literally mean a handful of of those.
• 1:28:30
  They are due to ship in the beginning of April.
• 1:28:34
  And then you but you can also pre-order just a general,
• 1:28:38
  general sort of sales device which are due to ship after we
• 1:28:41
  complete the 1st 1000 early access units.
• 1:28:44
  So that will be towards the end of April, beginning of May.
• 1:28:48
  Incredible incredible guys scan the QR code you can use promo
• 1:28:52
  code simply get a discount on the passport and take a keep pay
• 1:28:58
  attention to the passport prime. We're going to be doing a lot of
• 1:29:01
  collaboration with these guys in the simply Bitcoin Academy,
• 1:29:04
  showing you guys how to take self custody, how to reclaim
• 1:29:08
  your your sovereignty, your your digital sovereignty in general.
• 1:29:14
  Q&A is going to be joining us on the show.
• 1:29:16
  It's going to be a new segment. Incredibly excited for it.
• 1:29:19
  And yeah guys, this was simply Bitcoin Live for February 20th.
• 1:29:24
  No, before I do that, I have to give a very special shout out to
• 1:29:30
  our sponsor, Bit Block. Boom.
• 1:29:32
  It's going to be happening in Dallas, TX April 3rd through the
• 1:29:38
  6th of 2025, the longest running Bitcoin conference celebrating
• 1:29:43
  their 8th year. You can pay in Bitcoin or Fiat
• 1:29:46
  for your tickets. The ticket prices do increase in
• 1:29:49
  10 days, 20 hours, 30 minute, 38 minutes and 50 seconds.
• 1:29:54
  You can. What makes Bit Block Boom
• 1:29:56
  Awesome is that you can pick and choose which ticket you want to
• 1:29:58
  buy. So if you just want to go to the
• 1:30:00
  dinner, if you just want to go to the casino night, if you just
• 1:30:03
  want to go to the brunch, it's all included, right?
• 1:30:06
  And it's not all included. You can pick and choose which
• 1:30:08
  ticket you want to buy. So it's awesome.
• 1:30:10
  The Texas BBQ is amazing. This is one of my favorite
• 1:30:13
  Bitcoin conferences of the year. They have a very special speaker
• 1:30:17
  that is potentially going to the conference.
• 1:30:20
  So you definitely don't want to miss it.
• 1:30:22
  So guys, go check out Bitblock. Boom, get your tickets now.
• 1:30:25
  And if you use promo code BBB 21, you get $100 off of your
• 1:30:32
  tickets. Anyways, guys, this was simply
• 1:30:35
  Bitcoin Live for February 20th, 2025.
• 1:30:39
  I'm your host, Nico. It's my legendary Co host
• 1:30:41
  Optimus Fields, our special guest for today.
• 1:30:44
  We got Q&A in the house from Foundation Devices and Yellow is
• 1:30:52
  yeah, trolling us in the in the chat.
• 1:30:55
  If you guys enjoyed the show, you know what to do.
• 1:30:56
  No, if you guys enjoyed the show, you know what to do smash
• 1:30:59
  the like button and consider subscribing.
• 1:31:01
  We love you all. We'll be back tomorrow for a
• 1:31:04
  brand new episode of Simply Bitcoin Live.
• 1:31:08
  Today's episode was brought to you by bitcoinwell.com, a
• 1:31:11
  Bitcoin only platform on a mission to enable financial
• 1:31:14
  independence.