Latest / Simply Bitcoin / BREAKING: BlackRock & Fidelity Buy 137,000 Bitcoin | EP 920

Transcript

BREAKING: BlackRock & Fidelity Buy 137,000 Bitcoin | EP 920 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're.
• 0:16
  Against Bitcoin, you're against freedom.
• 0:20
  Yeah. Welcome to another episode of
• 0:21
  Simply Bitcoin Live. Your number one source for the
• 0:23
  peaceful Bitcoin revolution. Go Breaking news, culture,
• 0:26
  aromatic warfare. We will be your guide through
• 0:28
  the separation of money and state.
• 0:30
  Today is going to be a very interesting episode.
• 0:33
  Record inflows going into the spot.
• 0:36
  Bitcoin ETFs. They are in the top ten out of
• 0:39
  all ETFs. That's how that's how interested
• 0:43
  people are in Bitcoin. If you combine both BlackRock
• 0:47
  and Fidelity, they now hold 137,000 Bitcoin.
• 0:52
  That number continues to update every single day.
• 0:56
  Last yesterday we told you that BlackRock had 7373 thousand
• 1:01
  Bitcoin. Today they have 75,000 Bitcoin.
• 1:04
  So from the institutional side it can it seems to appear that
• 1:08
  people continue to stack. Also on the news segment, we're
• 1:12
  going to talk about Jay Powell saying the quiet part out loud,
• 1:16
  saying that the can the that the current way the US government is
• 1:20
  spending is unsustainable in the long term.
• 1:24
  But I mean I I just don't think a lot of these people in
• 1:26
  Congress care. I think if you're 7580 years old
• 1:30
  and you've benefited from this system, I just don't think you
• 1:33
  care. I think you're going to milk it,
• 1:35
  even if that means it, you know, burns down 1020 years from now.
• 1:38
  We're going to take a look at the debt clock.
• 1:40
  And but while all of this is happening, there is a lifeboat
• 1:43
  and that lifeboat is Bitcoin. Also in the culture segment, we
• 1:47
  have a very special guest. We have Scott himself build a
• 1:52
  Mine boot camp and we're going to talk about Scotts Build a
• 1:56
  Mine Boot Camp. So really, really excited for
• 1:58
  that and of course Mary Coho, awesome who is who is not
• 2:01
  optimistic today. That was just like always.
• 2:04
  Great face, of course. I'm like, I'm blind over here.
• 2:08
  I I I don't know. I didn't clean my glasses this
• 2:10
  morning. I can't see anything now.
• 2:12
  What's up guys? How?
• 2:13
  You come on. Good to be here.
• 2:14
  Get pumped up. You gotta you gotta raise that.
• 2:16
  You gotta raise that energy. Opti, what's going?
• 2:18
  On bro. Come on, let's go.
• 2:21
  Mika's yelling at me to raise energy.
• 2:23
  Yeah. Hey, you know how it is.
• 2:25
  I guess I just need some just to get me pumped up.
• 2:29
  Yeah, man, It's good. Life's great.
• 2:31
  I, I don't, you know, with everything going on in clown
• 2:34
  world, just being a bitcoiner, like life's so good.
• 2:37
  I I find it. I find it incredible that so
• 2:40
  many people are so pissed off on Bitcoin Twitter.
• 2:42
  Like everything's great when you're a bitcoiner.
• 2:44
  Life is so good. Everything is falling apart
• 2:47
  around us. But as bitcoiners are building a
• 2:48
  better world, so it's great, You know?
• 2:50
  Life's awesome. Absolutely 100 percent, 100%.
• 2:54
  Is that true, Scott? As a as a not only a bitcoiner,
• 2:56
  but as a Bitcoin miner, is life good right now?
• 3:00
  Life is good. Life might not be good for
• 3:03
  Bitcoin miners for the rest of 2024 after the Bitcoin reward
• 3:07
  having, but I think people are in it for the long run and
• 3:12
  they're in it to stack cheaper sets faster through mining.
• 3:16
  So that's what we're all here for today.
• 3:19
  Absolutely. And that's something that a lot
• 3:21
  of people are not aware of, right.
• 3:23
  And that's something that a lot of people, they see that as a
• 3:27
  mountain that's that's very, very difficult to climb.
• 3:31
  And that's something that, you know, you show personally, it's
• 3:35
  not that difficult. You, you've, you've made all the
• 3:37
  mistakes to show people that they don't have to make the
• 3:40
  mistakes that you've made in your long, long and painful
• 3:45
  journey of Bitcoin mining. It has such a steep learning
• 3:48
  curve, Yeah. No, that's that's what I do.
• 3:50
  You know, I in everything I do, I buy the top and sell the
• 3:55
  bottom and I help people to learn from my mistakes, so.
• 4:01
  Well, I think there's a. Theme there that I I think we
• 4:03
  all as bitcoiners have made all the mistakes and we just somehow
• 4:08
  survived it. And This is why we come out here
• 4:10
  all the time and try to help the new entrance into the space not
• 4:14
  get as wrecked as we did. And hopefully their transition
• 4:17
  is easier. Absolutely.
• 4:19
  All you got to do is just stay humble, stack stats, mind some
• 4:22
  Bitcoin with Scott's, Build a Mine boot camp and that's it.
• 4:26
  Everything just works out for you guys.
• 4:27
  All right, no more delay. Let's jump straight into the
• 4:30
  numbers. We got a lot to talk about.
• 4:32
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  All right, everybody, let's hit the numbers.
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  the Bitcoin price is 43,250 SAT's per dollar. 2312 block
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  height 829,235 blocks to having 10,765 having estimate April
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  19th 2024. Total Lightning Network capacity
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  4923 Bitcoin capacity value 212 million U.S. dollars Realized
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  Monetary inflation 1.75% The market capitalization of Bitcoin
• 7:00
  848 billion dollars That's billion to be Bitcoin versus
• 7:04
  gold market cap 6.15%. In the grand scheme of things,
• 7:08
  Bitcoin is just getting started. This number is going to continue
• 7:11
  to go up and when it passes 100% Peter Schiff is not going to be
• 7:15
  very very happy. Anyways, I do want to talk about
• 7:19
  quick update on the spot Bitcoin ETFs.
• 7:23
  Oh, this was yesterday's post. But if you combine both
• 7:27
  BlackRock and Fidelity, they now own a combined not 134 that was
• 7:32
  yesterday 137,000 Bitcoin. Here's a website Bitcoin
• 7:39
  Treasuries made by Quinn Kite, and it breaks down how big these
• 7:44
  ETFs are. Still, the big Daddy is the
• 7:47
  Grayscale Bitcoin Trust, but it seems a lot of people are
• 7:49
  dumping that in search for other ETFs that provide more favorable
• 7:54
  fees. So the Grayscale Bitcoin Trust.
• 7:58
  This is a ridiculous amount of Bitcoin. 474,000 Bitcoin, almost
• 8:04
  half a million Bitcoin. The BlackRock Spot Bitcoin ETF
• 8:08
  now holds 75,000 Bitcoin. Fidelity now owns 62,787
• 8:16
  Bitcoin. So in the grand scheme of
• 8:18
  things, holy cow. I mean, there's just not enough
• 8:20
  Bitcoin to go around. And here's this great breakdown.
• 8:23
  Also graphic and kind of shows who holds what.
• 8:27
  Of course in terms of public companies.
• 8:29
  Micro strategies. The big daddy holding 189,000
• 8:33
  Bitcoin, followed up by marathon 15,000 Bitcoin, followed up by
• 8:37
  Elon Musk. Tesla 9720 Bitcoin, followed up
• 8:41
  by Coinbase 9480 Bitcoin. Private companies, we have block
• 8:48
  one 164,000, There's still 141,000, 1000 Bitcoin with Mount
• 8:53
  Gox. Tether holds 66,000, bit Max
• 8:57
  57,000, Zappo 38,000. And in terms of countries,
• 9:02
  right, we have the United States with 215,000 Bitcoin, We have
• 9:06
  China 190,000 Bitcoin, the United Kingdom with 61,000
• 9:10
  Bitcoin, Germany with 50,000 Bitcoin.
• 9:13
  And of course the ETFs, which I've already kind of broken down
• 9:17
  for you guys. And the D5, there's even D5
• 9:19
  included in here wrapped Bitcoin 150 7000.
• 9:23
  But just to kind of give you an idea of how much inflows this is
• 9:27
  compared to, you know, the traditional ETFs, I think it's
• 9:31
  really, really exciting stuff. Obviously, there's a tremendous
• 9:34
  amount of institutional interest that having is around the
• 9:37
  corner, But how does this compare to the SMP 500 index?
• 9:41
  How does this compare to other very popular indexes?
• 9:44
  Well, you'd be surprised. It has now broken into the top
• 9:48
  ten and I suspect it's going to go into the top five very soon.
• 9:51
  So check out this article from Coin Telegraph.
• 9:54
  The headline for audio listeners is BlackRock and Fidelity
• 9:57
  Bitcoin ETFs Reach Top Ten in January Flows.
• 10:00
  It goes on to say BlackRock and Fidelity's Spot Bitcoin.
• 10:03
  Exchange traded funds have ranked among ETFs with the
• 10:06
  largest January inflows, totaling around eight 4.8
• 10:11
  billion U.S. dollars. Blackrock's iShares Bitcoin
• 10:14
  Trust has an estimated 2.6 billion in net flows, reaching
• 10:18
  8th place, while the Fidelity's Wise Origin Bitcoin ETF landed
• 10:23
  10th place with 2.2 billion in inflows. the United States is
• 10:26
  home to over 3100 ETFs as of December 31st, 2023.
• 10:33
  And that's right ladies and gentlemen.
• 10:34
  Out of all those ETF 3100 ETFs, the spot Bitcoin ETFs are now in
• 10:41
  the top ten. Here's a breakdown compared to
• 10:44
  everyone else. In first place you have the you
• 10:48
  have AI believe this is a Black Rock also because it's iShares.
• 10:51
  You have the spot S&P 500 ETF is #1 Vanguard also S&P 500.
• 11:00
  Then then you have Invesco, the QQQ Trust.
• 11:04
  You have another S&P 500. Then you have Investment Grade
• 11:08
  Corporate Bonds ETF and then you have a Black Rock U.S. equity
• 11:13
  Factor ETF. Then you have a Vanguard Total
• 11:16
  Stock Market ETF. And then of course in 8th place
• 11:19
  you have a spot Bitcoin ETF, that's the BlackRock one.
• 11:22
  And then in 10th place you have the Fidelity Wise Origin Bitcoin
• 11:26
  ETF. So I mean, if this is not a
• 11:28
  testament to the institutional interest in Bitcoin, I don't
• 11:32
  know what is. I think it speaks for itself,
• 11:34
  the amount of institutional demand, the amount of
• 11:36
  institutional interest. It looks like I'm going to say
• 11:39
  it and I have a lot of boomer friends and a lot of Bitcoin
• 11:42
  boomers. It seems like a lot of Bitcoin
• 11:44
  boomers are very, very interested in buying Bitcoin
• 11:47
  coin and I think the numbers definitely highlight that.
• 11:50
  So this is very, very interesting stuff guys.
• 11:52
  But I got to remind everybody, the revolution this, the Bitcoin
• 11:56
  revolution is not ETFs. It is people buying, earning,
• 12:01
  mining Bitcoin and putting that sweet, sweet Bitcoin into self
• 12:06
  custody, into cold storage. That's how we win this thing.
• 12:09
  If not, it's just a distraction. Anyways, that's my take.
• 12:12
  I want to pass it on to Scott and then we hit Opti.
• 12:16
  Awesome. Yeah, absolutely.
• 12:18
  I mean that that's how we went it.
• 12:20
  You know, my experience in this industry is through Bitcoin
• 12:24
  mining. And and really, you know, the
• 12:26
  thing I preach every day is this is how you stack more stats,
• 12:30
  faster and cheaper. You know, typically you can mine
• 12:35
  a Bitcoin cheaper than you can buy it, obviously, depending on
• 12:40
  what your situation is, what your power rate is, you know,
• 12:44
  your geopolitical, you know, affiliations and whatnot.
• 12:48
  But, you know, there's small scale and and big scale.
• 12:52
  But yeah, you know, it's it's a way to freedom mining Bitcoin,
• 12:56
  you know, and like you're saying those ETFs, they're just a
• 12:59
  vehicle, You know, it's it's not the true way.
• 13:02
  I would like to see it happening, but it's definitely
• 13:04
  leading to adoption and adoption is good.
• 13:07
  So yeah, I'm really pumped up to be here today.
• 13:10
  Adoption is good. That's the signal right there.
• 13:12
  Adoption is good. It's a vehicle Member guys spot
• 13:16
  Bitcoin. ETFs are captured Bitcoin.
• 13:18
  Anyways, Opti, what's your take on all this?
• 13:20
  Yeah, I mean, on the first, you know, on one hand it's, it makes
• 13:25
  me feel good that there's that much demand for Bitcoin, even
• 13:29
  though it isn't a spot Bitcoin ETF, even though it is in paper
• 13:32
  Bitcoin. As far as I'm concerned, you
• 13:34
  know, it makes me feel good that people want Bitcoin, People at
• 13:38
  least want that price exposure to Bitcoin.
• 13:40
  On the other hand, I don't know, I'm starting to get nervous.
• 13:43
  They're just they're scooping up way too much Bitcoin and and I
• 13:46
  know that Bitcoin can withstand it but man they they're just
• 13:49
  starting to hold so much Bitcoin.
• 13:51
  If if you connect how much Bitcoin the ETFs have the
• 13:56
  BlackRock One, Fidelity GBTC even like the Mount Gox holdings
• 14:01
  a micro strategy the the DOJ confiscated coin.
• 14:07
  These institutions are starting to scoop up a lot of Bitcoin and
• 14:10
  I think we are going to see in the future an inevitable class
• 14:14
  year where the paper Bitcoin and the huddled Bitcoin, we're going
• 14:20
  to see who's really holding Bitcoin.
• 14:22
  And I think this is just an interesting point and an
• 14:25
  interesting cross in the road. But man, it just goes to show
• 14:29
  that there is pent up demand for Bitcoin.
• 14:31
  And as much as Wall Street has been fighting us for years now,
• 14:35
  you know they've just been fighting you so that they can
• 14:37
  stack some cheap Bitcoin. So I think this next year rather
• 14:41
  the next year or two as we believe the price is going to go
• 14:44
  up, we're going to see even more demand for Bitcoin.
• 14:47
  And I think the the the fight for the the heart of Bitcoin is
• 14:52
  really going to heat up. And This is why we tell you guys
• 14:54
  every single day that you should be taking Bitcoin into custody
• 14:58
  and I get it. You know, if you have a four O
• 15:00
  1K and you want to exposure to Bitcoin, then of course you
• 15:03
  should probably go into a spot Bitcoin ETF.
• 15:05
  You'll probably get better returns, but hopefully this
• 15:09
  demand for a spot Bitcoin ETF eventually leads people to
• 15:13
  actually holding Bitcoin and proliferating the peer-to-peer
• 15:16
  economy that will be Bitcoin. So I think this is just part of
• 15:20
  the early innings of, you know, Wall Street trying to corral and
• 15:25
  stifle Bitcoin. But we'll see how this plays
• 15:27
  out. I I just find it very, very
• 15:30
  interesting that we've had such a great launch of a spot Bitcoin
• 15:33
  ETF. It's what you say, Nico.
• 15:35
  It's like what as of now, the fifth most successful ETF launch
• 15:39
  ever. No.
• 15:40
  No, no. It was the most successful ETF
• 15:43
  launch ever. That's not my words.
• 15:45
  It's according to the talking heads on the legacy media and
• 15:51
  not to mention the fact that look after a couple days you saw
• 15:54
  the data there, right, 3100 ETFs in the United States and you
• 15:59
  have the Spot Bitcoin ETF already in 8th place, the
• 16:03
  BlackRock one and then the Fidelity one in 10th place.
• 16:06
  I mean if that is not, you know, signaling demand and we're not
• 16:11
  even in the bull market yet, like that thing's going to take.
• 16:14
  Could you imagine the the the the signing of that if if and
• 16:20
  when that becomes the top place like the top contender like it
• 16:26
  passes the the S&P 500 and it's like the most popular ETF in the
• 16:33
  US. I mean I think the US government
• 16:35
  would freak the F out at that point.
• 16:37
  I think they would you know they would they would lose it man
• 16:40
  that I don't know. I don't know if they would be
• 16:41
  able to handle it. Anyways, what's your?
• 16:43
  Take on Well, Nico yeah, it just, it kind of just goes to
• 16:46
  show that I I hate using the term, you know, smart and dumb
• 16:51
  money. But when we say smart money, we
• 16:53
  usually think of Wall Street and the best asset managers in the
• 16:56
  world. And he just kind of goes to show
• 16:58
  that the people with money are looking at the same landscape
• 17:02
  that we are and they are looking for a way to diversify out of
• 17:06
  the traditional financial system.
• 17:07
  And I mean, you know, sailor's been saying it for years now
• 17:10
  that if you are holding dollars, you are holding melting ice
• 17:14
  cubes. And so I think we are starting
• 17:16
  to see a trend that you know, again smart money in quotations.
• 17:21
  The smart money is looking for ways to diversify outside of the
• 17:24
  traditional financial system, like we are looking at a a
• 17:28
  potential crossroad of systemic diversification.
• 17:32
  So it's at the CJ who who's been saying that for a while now that
• 17:36
  people are looking for alternatives and if you have all
• 17:39
  your eggs in one bastik, AKA the traditional financial system,
• 17:43
  you may find yourself in hot water.
• 17:44
  Now people are looking to diversify outside of the system,
• 17:48
  which of course is Bitcoin. So man, say what you want, but
• 17:53
  the the game is heating up right now.
• 17:54
  And I again, I hate using the smart money meme, but the smart
• 17:58
  money are seeing the same thing we're seeing.
• 18:00
  And if this much interest is going into Bitcoin, it just goes
• 18:04
  to show that behind the scenes, they're probably seeing what
• 18:06
  we're seeing every single day. Like, yo, things are messed up
• 18:10
  and and we're going into this clip right now with Jerome
• 18:12
  Powell, you know, saying what we've been saying on this shelf
• 18:15
  for a long time like things are really messed up and you can't
• 18:19
  keep going down this path and people are waking up to this a.
• 18:22
  100 percent, 100% Yeah, man, it's it's getting pretty crazy.
• 18:27
  Wall Street can't resist bitcoins incentives.
• 18:30
  The boomers, which hold the lion's share of the world's
• 18:33
  wealth, they can't resist bitcoins incentives.
• 18:37
  And this is precisely why bitcoin's going to win.
• 18:39
  Even in we we covered an article not to.
• 18:42
  I think it was like a week ago or so on a couple episodes ago,
• 18:45
  but essentially where the stock, the Chinese stock market was
• 18:49
  plummeting. And it literally said like even
• 18:52
  in in, you know, in communist China, even in one of living in
• 18:55
  one of the most totalitarian, you know, governments in the
• 18:57
  world, people were fleeing to Bitcoin, you know, as a store of
• 19:02
  value. Right There was they still
• 19:03
  wanted their get. They still wanted to get their
• 19:05
  hands on Satoshi, even though it's completely illegal and I
• 19:09
  think that's a testament to bitcoins incentives and I think
• 19:12
  heading into this next bull market, I wouldn't be surprised.
• 19:15
  I'm saying it right now, if the spot Bitcoin ETFs take the top
• 19:20
  spot or the second spot or the third spot overtaking the SNP
• 19:25
  500. And and I mean this is what
• 19:27
  Michael Saylor has been touting from the rooftops from for a
• 19:29
  while now. So it looks like Michael
• 19:32
  Saylor's Bitcoin strategy at MicroStrategy is the winning
• 19:36
  strategy. All right, everybody, let's hit
• 19:38
  the news. We have a lot to talk about
• 19:40
  today. Let's check it out.
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• 21:32
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  more. All right everybody, you have
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  absolutely no excuse. There's AQR code on your screen
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• 22:05
  So scan the QR code right now. Anyways, this is crazy.
• 22:10
  This is nuts. They even know they're even
• 22:14
  starting to say the choir part out loud, which is absolutely
• 22:17
  bonkers. Here's the Chad Sailor himself.
• 22:21
  If you're not worried, you don't need Bitcoin.
• 22:25
  Yeah. I mean I think that speaks for
• 22:26
  itself. I think this is a very like
• 22:29
  this. I I I don't even know things
• 22:31
  must have been so bad that you know he had to say the choir
• 22:36
  part out loud which is just absolutely ridiculous.
• 22:39
  I'm going to play you guys the clip this is from 60 minutes.
• 22:42
  Imagine telling the the entire country this this is the head of
• 22:45
  the Federal Reserve. This is Jerome Powell.
• 22:47
  If he's saying this type of thing imagine how thing how bad
• 22:51
  things are in the background. Anyways, let's check it out.
• 22:54
  The US is on an unsustainable fiscal path.
• 22:56
  The US federal government's on an unsustainable fiscal path,
• 22:59
  and that just means that the debt is growing faster than the
• 23:02
  economy. I have the sense this worries
• 23:04
  you very much. Over the long run, of course it
• 23:07
  does. You know, we're effectively,
• 23:08
  we're borrowing from future generations.
• 23:10
  It's time for us to get back to putting a priority on fiscal
• 23:15
  sustainability and and sooner is better than later.
• 23:19
  I don't think they can. Like they just announced that
• 23:22
  they want to send another $60 billion to Ukraine, not to
• 23:28
  mention on top of the already 133 billion that they've already
• 23:32
  sent. Like, I don't think they can
• 23:35
  help themselves. And if you take a look at this
• 23:37
  from a historical perspective, this goes back all the way to
• 23:42
  1966. It's really never been as high.
• 23:47
  This is the total public debt as a percent of the GDP, and it
• 23:52
  continues to rise. And every time they print money,
• 23:56
  this is what happens. It just goes up.
• 23:58
  But take a look at this hockey stick and even compare that to
• 24:02
  the 2008. That's the first, That's when
• 24:04
  the Q, That's when the QE experiment really started
• 24:09
  happening. But take a look at this.
• 24:13
  And you're trying to tell me that's sustainable.
• 24:14
  But I mean, if you take a look at the deck clock, I think it
• 24:16
  tells an even different story, right, Because it really, really
• 24:21
  kind of shows, you know, how crazy things this, how crazy
• 24:25
  things are. So if you go look at US unfunded
• 24:29
  liabilities, that's $212 trillion.
• 24:34
  That's trillion with the T, by the way, that's absolutely
• 24:38
  absurd. That would basically make it so
• 24:41
  that there's $632,000. That's liability per per
• 24:45
  citizen, Medicare 40 trillion, Social Security 26 trillion.
• 24:52
  And keep and keep in mind that the US economy, the GDP itself
• 24:57
  is 34 trillion, just to kind of give you an idea.
• 25:01
  So and of course you guys know that we love memes.
• 25:04
  That's simply Bitcoin. Here it is, right?
• 25:07
  Here's the Titanic and you see these lifeboats, This is
• 25:11
  Bitcoin, right? So what do you want to do?
• 25:14
  Do you just kind of want to sit and, you know, sit on your hands
• 25:17
  and do nothing? Like Michael Saylor is saying,
• 25:20
  if you're not worried, you don't need Bitcoin Or do you want to
• 25:23
  get on the lifeboat? Because that's what Bitcoin
• 25:25
  represents. Even with all of this going on,
• 25:28
  here is Samson Mao. We had him on simply Bitcoin IRL
• 25:31
  the other day. And he goes on to say the only
• 25:34
  way out of a debt spiral is to move to a harder money, which is
• 25:38
  Bitcoin. The this only works for the
• 25:40
  nation states that act quickly. Laggards won't be able to escape
• 25:44
  the spiral. GDP cannot keep up with spending
• 25:48
  and debt service. The game is up and that's
• 25:51
  essentially what's happening. And if it get and it it's
• 25:55
  getting so dire that the head of the Federal Reserve is even
• 25:59
  admitting that we cannot continue spending money we don't
• 26:03
  have. And just to kind of break it
• 26:06
  down in the most simplistic sense, right.
• 26:09
  Because essentially when they print money, it's the it's when
• 26:14
  they print money, it's not just printing money.
• 26:16
  They have to pay interest to quote UN quote the money that
• 26:19
  was borrowed, right. We're going to get to a point
• 26:23
  where the interest payments alone are going to be unpayable.
• 26:28
  Not even Social Security, not even the all the other
• 26:32
  liabilities, just the mere interest payments we won't be
• 26:35
  able to afford. And then what is that doing to
• 26:39
  the future generations? You want to know why you're
• 26:42
  poorer than your parents. You want to know why you can't
• 26:44
  afford a house specifically if you're a millennial or you're a
• 26:48
  Gen. Z and you're not on a Bitcoin
• 26:50
  standard by now for whatever reason.
• 26:52
  This is why they're literally stealing your time, your energy,
• 26:57
  your work. This is the consequences of
• 26:59
  that. And it's getting so dire they
• 27:01
  can't sleep. They can't sweep it under the
• 27:03
  rug. I mean, they're going to try.
• 27:05
  You see, you know, the current administration with all the
• 27:08
  propaganda in terms of, you know, Thanksgiving has gotten
• 27:10
  cheaper, inflation has actually slowed down.
• 27:13
  Why have prices not gone down too, right?
• 27:16
  So, like, you know, they're obviously throwing it out there.
• 27:19
  It's just not working anymore. The sticker shock does not lie
• 27:23
  right, however. And here's the hope, right?
• 27:25
  This is why you know Corey wrote a police called the bright
• 27:28
  orange future. The hope is Bitcoin, even with
• 27:31
  all this insanity going on, which is why I showed you the
• 27:34
  picture of the Titanic sinking and the lifeboats.
• 27:38
  Even with all the insanity going on, if you've been saving in
• 27:43
  Bitcoin, life has gotten cheaper.
• 27:46
  The dollar has got a 92% cheaper over five years.
• 27:49
  Oil has got an 85% cheaper, Gold has got an 84% cheaper.
• 27:54
  The S&P 500, which is very interesting when you when you
• 27:59
  pull this up, right? You know, it kind of tells the
• 28:01
  story. What the ETF has only been live
• 28:04
  for 17 days. It's already in the top ten out
• 28:07
  of three out of 3100 ETFs. Yeah, I'm pretty sure it's going
• 28:11
  to take the top spot after people start to figure this out.
• 28:15
  And of course, even a house has gotten 78% cheaper.
• 28:20
  If you've been saving on a Bitcoin standard and Wall Street
• 28:25
  is starting to wake up to this, are you going to wake up to
• 28:27
  this? Are you going to join the orange
• 28:30
  life raft? Because clearly, even Jerome
• 28:32
  Powell himself is telling you that the Titanic is sinking.
• 28:37
  So you're going to, you know, sit on your hands or do and do
• 28:40
  nothing. Or are you going to take action?
• 28:42
  And when, I mean take action. This also includes your friends
• 28:46
  and family as well, right? You know, if for whatever
• 28:48
  reason, they've been living in the Fiat Matrix for their entire
• 28:51
  lives and they just don't know, be that Uncle Jim.
• 28:54
  I did that with my parents. My big my parents have been
• 28:57
  hardcore bit corners since 2016. Maybe in the first two or three
• 29:01
  years. They're like, Nico, you're an
• 29:02
  app. You're absolute batshit.
• 29:04
  And then number go up. Technology does its thing and
• 29:06
  they're like then they become bitcoiners.
• 29:09
  So yes, be the Uncle Jim in your family walk.
• 29:13
  Tell your friends and family. Tell your parents, Tell your
• 29:16
  brothers, tell your sisters, tell your mothers.
• 29:18
  You have absolutely no excuse as to why your friends and family
• 29:24
  go down with the Titanic. They have you.
• 29:26
  They have you to show them the lifeboat and that includes,
• 29:30
  look, that includes, you know, showing them how to take self
• 29:32
  custody, showing them how to buy Bitcoin, earn Bitcoin, mine
• 29:36
  Bitcoin. There's absolutely no reason as
• 29:40
  to why. You know, your your friends,
• 29:42
  your family should be affected by the mismanagement and the
• 29:47
  absolute irresponsibility of, you know, the the, the
• 29:51
  controllers of money. You you have no reason to be
• 29:55
  affected by this anymore now that there's a technology that
• 29:59
  exists that protects you, your wealth, your time, your energy
• 30:03
  and of course, I'm talking about Bitcoin anyways.
• 30:06
  Opti, what's your take on all this, brother?
• 30:08
  Yeah. Well, I mean, we've gotten to
• 30:10
  the point now where even Jerome Powell's telling the truth and
• 30:14
  that has to be a signal to anyone paying attention that
• 30:18
  things are incredibly bad. I mean, I I was watching the
• 30:21
  breakup with Nolan this morning. Absolutely love it.
• 30:23
  Highly recommend it. I love.
• 30:25
  I love his takes and and his insights and he's all like,
• 30:28
  yeah, Jerome Powell sounds like a hostage and he's like telling
• 30:31
  you the truth. Like wink, wink, I I want to
• 30:34
  tell you the truth, but I can't actually tell you the truth.
• 30:36
  And I mean, we've been saying this on on simply Bitcoin for a
• 30:39
  long time. If you've been part of Bitcoin
• 30:41
  Twitter, you've heard this same narrative for a long time.
• 30:45
  You know, as Greg Foss always says, it's 11th grade math.
• 30:47
  They have to keep printing money.
• 30:49
  I mean, we've been saying as bitcoiners for, I don't know,
• 30:52
  years now, that the amount of money they are printing, they
• 30:56
  have to keep printing and they are literally stealing from
• 30:58
  future generations. And now Jay Powell is literally
• 31:01
  saying Bitcoin memes. You know, he's saying that the
• 31:03
  only way out of this is fiscal responsibility.
• 31:06
  And we know that that is obviously not a politically
• 31:10
  viable solution because no, no one out there is going to vote
• 31:14
  for basically cutting themselves off of, you know, their
• 31:17
  Medicare, their Medicaid, all of the things that they were
• 31:20
  promised as Americans. And so the only real way out of
• 31:25
  this is for them to continue to print, for them to continue to
• 31:28
  kick the can down the road and essentially gaslight the
• 31:31
  population into still trusting the academics and the experts.
• 31:36
  And we're, you're seeing that even they are saying like, yo,
• 31:38
  we cannot print this much money. And then also, Nico, did you see
• 31:41
  that yesterday? I know Janet Yellen is like in a
• 31:44
  hearing right now currently, but yesterday Janet Yellen was in
• 31:47
  another hearing and she said I might butcher this, but she
• 31:50
  basically said like inflation is not a concern of economics or
• 31:54
  something or no, no, inflation is not a sign of economic
• 31:58
  decline. And I think Weimar Republic
• 32:00
  would like a call with Janet Yellen because it just goes to
• 32:03
  show that the amount of money that they're printing is not
• 32:05
  sustainable. As long as as we we're going
• 32:09
  down this path, normal people are going to get hurt.
• 32:13
  And even the biggest institutions in the world are
• 32:14
  probably going to get hurt if they don't find a solution.
• 32:17
  Hence why I think we're seeing so much demand for spot Bitcoin
• 32:21
  ETF because people are looking for ways to diversify outside of
• 32:25
  the traditional financial system.
• 32:26
  So we're getting into a very, very peculiar situation where
• 32:33
  everyone knows that they have to keep printing money, everyone
• 32:35
  knows that they can't keep printing more money, and
• 32:38
  everyone is just hoping that they can kick the can down the
• 32:41
  road. And as an individual, as someone
• 32:43
  that has completely opted out of the financial system, as someone
• 32:47
  that no longer wants to hold dollars, I just, I have a very
• 32:52
  real concern for individuals out there.
• 32:54
  You know, I don't really care about the institutions.
• 32:57
  I I think they'll figure out a way to kick the can down the
• 32:59
  road. But that just means that
• 33:01
  individuals, everyday people are gonna get.
• 33:03
  I think, I think, I think you misunderstood what he's saying.
• 33:07
  He's saying that the ladies and gentlemen, we're running out of
• 33:10
  roads to kick the can down. Yeah, I know.
• 33:13
  But that's the point. He's saying like there is no
• 33:16
  more roads to kick the can. I know, like look, if he like,
• 33:21
  just just to kind of give you guys an idea, if, if, if it's
• 33:24
  him saying that things are 100 times worse than what they are,
• 33:29
  of course, because he wouldn't say that right On national TV on
• 33:34
  60 minutes if he wasn't like, holy shit, maybe this isn't
• 33:38
  going to end very nice and this isn't going to end.
• 33:40
  It's not. It's not going to end well.
• 33:42
  So yeah, I mean, look like again, And if the ship goes
• 33:46
  down, you know, that sucks and a lot of people are going to get
• 33:49
  hurt for sure, right? And it's not their fault.
• 33:52
  That's another thing that I want to add, however.
• 33:55
  There is a solution to this. There is this.
• 33:57
  There's an individual solution to this.
• 33:59
  You can opt out entirely and opt out into Bitcoin, of course.
• 34:03
  Anyway, Scott, what's your take on all this, man?
• 34:06
  Are you seeing the Titanic sinking?
• 34:08
  I saw you laughing when when we played that clip, man.
• 34:11
  So you you obviously feel a certain way about it.
• 34:14
  Yeah, yeah, no, it it's just funny.
• 34:17
  You know one thing about that Titanic is that there weren't
• 34:19
  enough lifeboats. And I think that's the same for
• 34:24
  Bitcoin itself. You know, there's a limited
• 34:26
  number of Bitcoin. There always will be, never will
• 34:30
  be more. And this is, it's just a a
• 34:34
  perfect meme. It it's I I think I'm going to
• 34:36
  use it as my new wallpaper. Yeah.
• 34:40
  Yeah, but I I want to touch on that part where there's a
• 34:43
  limited amount of lifeboats. Absolutely.
• 34:45
  There's only 21 million Bitcoin. There's a stat, right?
• 34:49
  Where there's, you know, it's roughly estimated that there's
• 34:52
  between 60 to 70 million millionaires all around the
• 34:56
  world. If just the millionaires alone
• 34:59
  wanted to get their hands on one Bitcoin, they physically could
• 35:03
  not. There's not enough Bitcoin to go
• 35:06
  around. This is why the spot Bitcoin ETF
• 35:10
  is already in the top 10 out of 3100.
• 35:12
  Wall Street is figuring it out. Are you going to let Wall Street
• 35:16
  take your slot? Are you going to take?
• 35:18
  Are you going to let Wall Street beat you in the race?
• 35:20
  You've had a 15 year head start, right?
• 35:23
  The ETF has only been live for 17 days.
• 35:25
  Look at how well it's performed so far.
• 35:28
  Are you really going to get caught?
• 35:30
  You know, with your pants down? That's the reality, right?
• 35:33
  So don't sell your Bitcoin to Wall Street.
• 35:35
  Don't be, you know, Don't get left behind.
• 35:38
  Don't get stuck on the Titanic. Get on the orange life raft, You
• 35:41
  know, say Nico. You know what this You know what
• 35:44
  this just means. It means number will have to go
• 35:46
  up, guys. Number will have to go up.
• 35:49
  Number will have to go up. All right guys, no more delay.
• 35:52
  Let's jump straight into the culture.
• 35:54
  We're going to talk about Scott's Build and Mine boot
• 35:57
  camp. Before we do that, I do want to
• 35:59
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  the Centralized Revolution. All right, everybody, let's get
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  to the culture. We have a lot to talk about.
• 36:39
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• 37:18
  who doesn't want to host, someone who wants to build their
• 37:22
  own mining operation, tell us more about Scott's Build A Mine
• 37:28
  Bootcamp. Yeah, so the bootcamp, I mean,
• 37:31
  it's really just made for Bitcoin entrepreneurs who want
• 37:34
  to stack more Sats, faster and and cheaper, you know, So yeah,
• 37:39
  you're showing it on screen there.
• 37:41
  Alright, hold on. I'm gonna.
• 37:42
  I'm gonna stop. I'm gonna stop.
• 37:44
  But, Scott, I'm gonna stop you right there, 'cause you buried
• 37:46
  the lead right in the beginning, right?
• 37:48
  Which is for Bitcoin entrepreneur, for Bitcoin
• 37:52
  entrepreneurs that want to buy Bitcoin cheaper and faster.
• 37:56
  What do you mean by that? That's a very strong statement.
• 37:59
  Exactly. Yeah.
• 38:00
  Yeah. So what I mean by that, you
• 38:01
  know, and what you've been talking about a little bit
• 38:04
  earlier today in the show, is that Bitcoin is scarce.
• 38:08
  It's going to be coming more scarce, at least it's going to
• 38:11
  feel more scarce. And for example, in the next
• 38:14
  couple months, what's coming up is the Bitcoin reward having
• 38:18
  that's going to make it half as profitable to mine.
• 38:22
  But still, in the long run, if you do this in the proper scale
• 38:28
  and if you do it with the right people, I'm pretty sure that you
• 38:32
  can mine Bitcoin cheaper and what you can buy it for.
• 38:37
  That's the whole premise of why I do what I do with the Build a
• 38:41
  Mine Boot Camp. Awesome.
• 38:44
  And and then like and kind of like explain that because I
• 38:47
  think a lot of people don't understand.
• 38:49
  So by mining Bitcoin, by mining Bitcoin yourself, you actually
• 38:55
  put yourself in a position where you're actually paying less than
• 38:59
  what you would get if you were to buy spot Bitcoin.
• 39:03
  Is that correct? Right.
• 39:04
  Yeah. So if you buy Bitcoin from from
• 39:07
  exchange, you're buying it at today's current price, for
• 39:11
  example, which is $43,000, right?
• 39:16
  Typically you can mine Bitcoin for cheaper than that.
• 39:20
  So once you factor in all of your power costs, the
• 39:25
  infrastructure that you have to create in order to plug the
• 39:29
  miners in and and all of this, this, these other factors, you
• 39:34
  consider all that those are your expenses and you got your
• 39:38
  revenue. Your revenue is the Bitcoin
• 39:40
  that's actually being mined with your miners.
• 39:43
  You take the revenue and the expenses like the electricity
• 39:48
  and you you take that off and what you're left with is your
• 39:53
  profit, right. So typically that profit it
• 39:57
  means that you can mine a Bitcoin for cheaper than you can
• 40:01
  buy it. I don't know if I'm making sense
• 40:03
  yet. Or.
• 40:03
  You are making you are making perfect sense.
• 40:05
  And remember guys, the whole mining industry is premised on
• 40:10
  this, right? It's premised on the idea that
• 40:13
  if you mine Bitcoin, you're actually acquiring it at a
• 40:16
  cheaper price than spot. Because if not, mining would not
• 40:20
  make sense, right? So Scott, like give me a
• 40:23
  ballpark estimate. So currently the Bitcoin price
• 40:26
  is at 43,152 if you were to mine a bit, If you were to learn how
• 40:31
  to mine right, using Scott's Build a Mine bootcamp, what
• 40:35
  would be your actual cost of acquiring Bitcoin?
• 40:39
  Last time I saw it's between 25,000 to $29,000.
• 40:43
  Is that correct? That's right.
• 40:45
  Yeah, right now, at least for the next few months, that number
• 40:48
  is accurate. And it really depends on your
• 40:51
  scale though. Like I was saying, if you're
• 40:54
  doing it from home in California, your power costs are
• 40:57
  going to be 20 cents, $0.25, I don't know, maybe even $0.50.
• 41:01
  I I don't even know the numbers. And that's not going to be very
• 41:06
  profitable. It's going to be unprofitable
• 41:09
  depending on what kind of minor you have plugged in, right?
• 41:11
  But typically in scale, if you multiply it out a little bit,
• 41:17
  maybe 50 Bitcoin miners, maybe 100 Bitcoin miners, 1000 Bitcoin
• 41:21
  miners, really depending on how how far you want to take it, you
• 41:25
  can get that cost down. There's different ways you can
• 41:28
  work with your utility to ask them for a lower price.
• 41:32
  You could sign a long term contract with your power
• 41:34
  provider to lock in a a really excellent price.
• 41:39
  That makes mining Bitcoin cheaper, which means you are
• 41:45
  stacking stats faster by mining instead of by buying it directly
• 41:50
  from the market at any given day, every day.
• 41:54
  Gotcha. Gotcha.
• 41:55
  And you also, and also in the ad, right, Which is you learn
• 41:59
  how to get the project funded, right, 'cause who?
• 42:02
  Who's gonna fund that? Who's gonna?
• 42:04
  You know, you you tell them, hey, I have this, I have this
• 42:06
  idea, you know who's like walk me through that.
• 42:09
  What? What's that about?
• 42:10
  And then also, this is a beginner friendly boot camp,
• 42:14
  right? Like you can go from Zero
• 42:16
  Knowledge, you can enter this boot camp and you'll come out on
• 42:19
  the other end basically knowing how to build your own Bitcoin
• 42:23
  Mine, right? Is that correct?
• 42:26
  Exactly. Yeah.
• 42:27
  So people who are maybe already passionate about Bitcoin make a
• 42:32
  good candidate to be an attendee.
• 42:35
  We we do have the the three different venues here.
• 42:38
  One is the 45 minute webinar super intro fundamentals and
• 42:44
  then after that we do have a a paid program.
• 42:46
  It's a a club that you can join where we actually mentor you on
• 42:49
  a monthly basis. The third one is our in person
• 42:53
  boot camp right here in Milwaukee in my hometown where
• 42:57
  we do three days super intensive.
• 42:59
  You learn everything you need to learn from start to finish in a
• 43:03
  very systematic manner, everything you need to know to
• 43:07
  start mining Bitcoin on a large scale.
• 43:11
  So yeah, so, so really it it is for anybody.
• 43:15
  There's some people who are, you know, experts at finance.
• 43:19
  There's people who are expert at, you know, electricity or or
• 43:25
  you know, the power utility. They might be an electrician,
• 43:29
  right. At Opti, you know, I think
• 43:31
  you're in construction, so you have a certain skill set.
• 43:34
  You know, my my background is Internet marketing and I'm very
• 43:38
  technically savvy. So, you know, I I might not
• 43:41
  necessarily need to hire an IT guy myself to run my farm.
• 43:46
  But everybody has strengths, everybody has weaknesses.
• 43:49
  And through what I teach and through our community that we've
• 43:53
  built, there's really just, you know, a a community around you
• 43:59
  to address any weaknesses that you might have and your
• 44:02
  strengths can really shine through.
• 44:04
  And that's what we do. We really try to help you to
• 44:07
  take what you have, work with it and really take it to the next
• 44:10
  level and mine Bitcoin for cheaper than you can buy it
• 44:15
  faster. Beautiful, beautiful, beautiful.
• 44:18
  And yeah man, So Opti, could you pull up the site real quick?
• 44:22
  Yeah, awesome. Well, and guys, I made it
• 44:25
  extremely easy so you could scan the QR card right now.
• 44:27
  And Scott, you mentioned the webinar, the 45 minute webinar
• 44:30
  in the beginning, that is a free webinar, right?
• 44:33
  That that introduction. Right, Yeah so if if you
• 44:37
  actually the QR code's great, you can also go to www.youhave
• 44:41
  to put the three WS in there. www.build-a-mine.com/simply
• 44:50
  sobuild-a-mine.com/simply. That will take you right to this
• 44:58
  landing page. Put your e-mail in there and we
• 45:01
  will let you know exactly when the next webinar is.
• 45:04
  The next webinar is coming up in about 3 weeks or so.
• 45:08
  We're going to give that to you. So put that, put that in there.
• 45:11
  We'll invite you to our Telegram group that is very specific to
• 45:15
  building a mine and then we will notify you by e-mail about the
• 45:20
  exact date and time of the next webinar.
• 45:24
  So we actually just had one on Friday.
• 45:27
  Like I was saying earlier, we had around, I'd say 200 people
• 45:32
  express interest in joining. Of those 200 people, around 60
• 45:38
  to 70 people actually showed up. That's awesome.
• 45:41
  You know, for me, that's great. I'm really sorry that the other
• 45:45
  people didn't come. It's their loss, honestly.
• 45:48
  And I'm not being arrogant about it, but I really just think
• 45:51
  people need to learn about this stuff because Bitcoin is freedom
• 45:56
  and Bitcoin mining is one way to get that freedom.
• 46:00
  So yeah, it's little bit about what I'm up to so.
• 46:07
  Yeah, and also just another thing, just a a quick bit,
• 46:10
  right? A lot of people use Bitcoin as a
• 46:13
  user, right? But they don't really interact
• 46:16
  with the infrastructure behind Bitcoin.
• 46:19
  They don't fully appreciate it. A lot of people don't know this.
• 46:22
  I mean, if you've been watching Simply Bitcoin for a while, you
• 46:24
  do know know this about me. But I actually got into the
• 46:27
  industry through Bitcoin mining. I transitioned to media in 2020,
• 46:32
  but from 2016 to 2020, I was a miner.
• 46:35
  That's what I did. That's what I dedicated my life
• 46:38
  to in the industry specifically. And I'm telling you, once you
• 46:42
  feel the heat and the noise and the infrastructure behind it and
• 46:47
  the beautiful, beautiful sound of it, and especially when they
• 46:50
  first the bit main machines, when they first power up and
• 46:55
  they start to calm down a little bit.
• 46:57
  And a thousand of those. And a thousand of those.
• 47:00
  And then for the first, you know, couple seconds we're not
• 47:03
  pointing it at your own pool. And then that bitcoins being
• 47:06
  pointed back to bit, main, wink, wink, not to mention the, you
• 47:11
  know the the software that's on the machines, right.
• 47:15
  So many things to discover. But yeah, it's you know, it's
• 47:19
  it's definitely something that is extremely rewarding and it
• 47:25
  does have a lot high learning curve.
• 47:27
  But I definitely recommend everyone to dip their toes in
• 47:30
  this, because then you'll fully appreciate Bitcoin when you get
• 47:33
  that question. What is Bitcoin backed by now?
• 47:37
  You're going to know you're going to.
• 47:39
  Know. Right, Exactly.
• 47:40
  Yeah. So there's there's the demand
• 47:43
  side, right. And then there's a supply side.
• 47:46
  And I know you guys talk a lot about the demand side, which is
• 47:50
  people buying and selling Bitcoin.
• 47:52
  You know it. It's the, you know, tangible
• 47:55
  thing that Bitcoin does for everybody.
• 47:58
  You know, you can sign up for services and product.
• 47:59
  You could buy products with Bitcoin, but the supply side of
• 48:03
  Bitcoin is really my world. It's what I've been doing for
• 48:07
  the last six years. And when I what I mean by supply
• 48:11
  side is, yeah, you know, the actual Bitcoin being mined with
• 48:16
  these physical devices, these they call them application
• 48:20
  specific integrated chips that they put into a miner.
• 48:24
  So yeah, sometimes we refer to these things as ASICS or miners,
• 48:30
  some people who don't really know much about Bitcoin column
• 48:33
  servers, They don't really understand what it is, right?
• 48:37
  But another way to think about it is like there's people who
• 48:41
  have hundreds of thousands of these things in massive
• 48:45
  warehouses or data centers, right?
• 48:48
  And they have them plugged in all around the world in a
• 48:53
  decentralized kind of of a way. Which is it?
• 48:59
  It really makes it so that Bitcoin operates very
• 49:01
  differently than the the federal banking system or, you know,
• 49:05
  other Fiat currencies. So yeah, that that's just, I
• 49:11
  don't know. It's just the great thing about
• 49:13
  Bitcoin is that it is mined by miners and it's decentralized
• 49:18
  and anybody can contribute to the hash power to make Bitcoin
• 49:23
  more secure. So mining Bitcoin and running
• 49:27
  nodes help to make Bitcoin more secure.
• 49:30
  And that's what I just really love about this industry.
• 49:34
  Yeah, absolutely 100%. And and of course a a good way
• 49:38
  of getting KYC free sats is everyone in the chat's talking
• 49:41
  about. Yeah, exactly.
• 49:44
  But don't. Don't tell the government about
• 49:47
  that. All right, Scott, let's talk
• 49:52
  about this Build a Mine boot camp in Wisconsin.
• 49:55
  Do you have a time frame for this?
• 49:57
  Do you have a date or is this just coming in the in the near
• 49:59
  future? Yep, the date has been chosen.
• 50:03
  It is March 19th to the 21st. Right here.
• 50:08
  We're going to take you out to dinner.
• 50:10
  Really fancy dinner. It's going to cost me probably
• 50:13
  more than 100 to $200 a head, but don't worry, that's on me.
• 50:20
  And then we're going to take you to a mining farm where like Nico
• 50:24
  said, you know you could feel the wind of these ASIC miners
• 50:28
  blowing through your hair. You can feel the heat just
• 50:31
  parching your lips, and you can ask an actual Bitcoin mine
• 50:35
  operator and owner, very specific questions that you
• 50:39
  might have. You might not even know what
• 50:41
  question you have at this point but once you actually touch
• 50:45
  these things and feel them and and lick your fingers and taste
• 50:49
  the dirt from these minors you will find questions to ask them.
• 50:56
  So. So yeah March 19th to 21st.
• 51:01
  But the best way to learn about the actual in person boot camp
• 51:05
  is to 1st come to our webinar or maybe just to to join the the
• 51:09
  monthly mentorship club. So our our mentorship club is
• 51:13
  called the Mastermind Club MINED.
• 51:19
  So but yeah, it's going to be a lot of fun and we're really
• 51:24
  looking forward to hosting some people here.
• 51:26
  You can also blow out your eardrums, so you know, be
• 51:29
  prepared for that one. But let's talk about the
• 51:31
  masterminding club a little bit. What?
• 51:33
  What exactly is it and and what what are the people that
• 51:36
  involved? What?
• 51:37
  What do they receive? Yeah, so the Mastermind Club
• 51:40
  really addresses a a specific niche here.
• 51:44
  It's people who want to learn a little bit more on a on a daily
• 51:50
  basis. They want to benefit from the
• 51:53
  actual community that we've built and they they want to do
• 51:59
  very technical deep dives on everything that you need to know
• 52:03
  to build the mine and to operate it.
• 52:07
  Different things. Like for example on this Friday,
• 52:12
  no, sorry, this Thursday we have one where it's a free webinar.
• 52:16
  Mostly they are webinars that are inside of our members only
• 52:20
  area that you pay for. But this one is going to be
• 52:24
  about HVAC, it's going to be about how to exhaust the heat
• 52:28
  and the air that these miners are producing and to keep them
• 52:32
  cool. So it's a very geeky, very in
• 52:34
  depth technical topic, deep dive.
• 52:38
  But those are the types of things that you're going to need
• 52:39
  to learn in order to be successful in building and
• 52:42
  operating your mind. So you're not to really
• 52:45
  overwhelm anybody or not to, you know, allow people to think that
• 52:52
  this isn't for them, this is for you and and that's that's what
• 52:57
  you know. Yeah, you just need to
• 52:58
  understand that it's, you don't have to know specifically
• 53:02
  yourself how to do every single aspect of it.
• 53:05
  You might need to know overall the overarching process behind
• 53:11
  this. But you know, like I was saying
• 53:14
  earlier, there's electricians, there's IT guys, there's people
• 53:18
  that know money and economics and it takes a team, you know,
• 53:22
  it takes a village to to raise a kid or whatever.
• 53:26
  The saying is, I don't even know how it goes.
• 53:28
  But same thing with us. We really try to pair people
• 53:31
  with certain skill sets with other people that have other
• 53:35
  strengths and and we try to make your Bitcoin mining dreams and
• 53:40
  Bitcoin projects a success together.
• 53:45
  Absolutely, absolutely. Yeah guys, you can scan the QR
• 53:48
  code and check the video description where you'll find a
• 53:52
  link. And you guys can go that way as
• 53:56
  well. So anyways, Scott, thank you so
• 53:58
  much. Wait.
• 53:59
  Wait, wait, Nico, before we go, Last year we had.
• 54:03
  Optic going crazy. Yeah.
• 54:04
  No. Last year we had the honor of
• 54:06
  doing the media at the mining conference.
• 54:08
  So yeah. Yeah, Maybe let's talk about the
• 54:11
  mining conference again this year.
• 54:12
  Is it gonna be in Rockdale again?
• 54:14
  What's going on there? It will not.
• 54:18
  So yeah, right now just to be perfectly transparent, I, I, I
• 54:22
  need a sponsor. I need an anchor tenant I I
• 54:27
  guess to help make this happen. So 2023 we didn't have a
• 54:32
  conference. It was a bear market.
• 54:34
  I was bleeding out of all my orifices.
• 54:37
  And yeah so in order to do this again yeah we're we're we're
• 54:43
  we're going to need to to to really lock it down financially.
• 54:46
  So I I really do look forward to doing that and I was thinking
• 54:51
  you know maybe in Texas again, but but yeah it it was, it was a
• 54:55
  blast having you guys there in in 2022, you know the that.
• 55:00
  Was two years ago already. Wow it.
• 55:02
  It was, yeah. So the the one at the one event
• 55:05
  we had, DJ Paul Oakenfold. I'm kind of aging myself here
• 55:11
  but in in my era, Paul Oakenfold was the bomb.
• 55:16
  Yeah, I said bomb. OK, I'm, I'm a little old here.
• 55:19
  Sorry guys. But yeah, we had 1000 people
• 55:22
  come out. Bitcoin entrepreneurs, you know,
• 55:25
  mining professionals, publicly traded Bitcoin mining companies
• 55:30
  and even newbies who wanted to figure out where to start with
• 55:33
  Bitcoin mining. And yeah, you guys came out, you
• 55:37
  guys did your live stream right from the Expo floor and and I
• 55:43
  think, I don't know, that might have been like one of your first
• 55:47
  events that you guys did a a live stream at outside of your
• 55:51
  your home studio, right? That was the first.
• 55:55
  That was the first. That was the first in in person
• 56:00
  on the floor live stream for simply Bitcoin.
• 56:05
  Yeah, like after you know, we started, we started, we we we
• 56:09
  learned a lot and we started doing a little bit bigger the
• 56:13
  conferences and doing the productions for it.
• 56:16
  But that's where that was the genesis of it.
• 56:18
  That was because we would have never have done the the
• 56:21
  conferences if AFTI and I had like because that's where we
• 56:24
  picked up the experience. And I remember when we got
• 56:26
  there, it was awesome because essentially it was just a glass
• 56:29
  table, right? It was just a glass divider.
• 56:32
  And then Opti and I were like, all right, we need a table, we
• 56:35
  need chairs and pretend like we know what we're doing.
• 56:38
  Yeah, so and. Then lights, put it together,
• 56:40
  cables running everywhere. There you go.
• 56:43
  And then we put everything together and then it worked out.
• 56:46
  And then we're like, holy crap, this is a good idea.
• 56:48
  So look, we had someone, Andy, Andy Garner.
• 56:52
  I was at that one great event. So yeah, man, it was, it was it
• 56:57
  was definitely good memories, good times and and yeah, but.
• 57:00
  Yeah. So that that was, were you guys
• 57:03
  there when it was called the mining conference or were you
• 57:05
  there when it was called Scott's Mining conference?
• 57:08
  Oh, when we were there. When it was called the.
• 57:09
  Mining, the mining conference, OK.
• 57:10
  Cool. Yeah.
• 57:12
  Yeah. So that was.
• 57:12
  The second second one we did. Yeah, it was.
• 57:15
  It was a whole lot of fun. It was.
• 57:16
  It was a great time. That resort was incredible, too.
• 57:19
  Oh yeah, Kalahari. Yeah, very, very cool.
• 57:23
  Very, very cool. OK, Scott, last two Sats for the
• 57:26
  audience out there. What's the last message you want
• 57:28
  to leave with our viewers? Mine Bitcoin.
• 57:33
  You know, like we were saying, mining Bitcoin is a way to stack
• 57:38
  more Sats, faster and cheaper. So, you know, take advantage of
• 57:43
  this. Obviously in the next few months
• 57:46
  here, I think the end of April, beginning of May, there's going
• 57:50
  to be the Bitcoin reward having taken place.
• 57:52
  So it's going to be almost like as if it's twice as hard to mine
• 57:59
  Bitcoin. But it's it's going to really
• 58:01
  make Bitcoin feel very scarce to people, and it could potentially
• 58:06
  create a lot of FOMO, which means price goes up.
• 58:10
  So mine Bitcoin, get into it. Check out this webinar down
• 58:15
  here, it's www.build-a-mine.com/simply.
• 58:22
  And yeah, really appreciate being on the show today, guys.
• 58:26
  Appreciate it, Scott. Thank you so much for joining
• 58:28
  us, guys. If you enjoyed the show, you
• 58:29
  know what to do. Smash that like button.
• 58:31
  Consider subscribing if you feel like we've provided you value.
• 58:33
  But now, one thing you could do, you could do to help push the
• 58:35
  peaceful Bitcoin revolution. Share Bitcoin content.
• 58:38
  Learn how to mine Bitcoin. Just learn everything.
• 58:41
  Let's read. Buy Bitcoin books.
• 58:43
  Buy Bitcoin miners. Join boot camps.
• 58:46
  Learn how to mine Bitcoin. Share Bitcoin music.
• 58:50
  Share pictures of Optis, memes and shorts.
• 58:53
  This is how we win. Anyways, guys, Love you guys.
• 58:56
  Thank you so much for joining us, Scott.
• 58:57
  Appreciate you joining us on the channel today.
• 59:00
  And we'll see you guys tomorrow for another episode of Simply
• 59:02
  Bitcoin Live. Peace out.