Latest / Simply Bitcoin / NEW REPORT: $4T Firm Says Bitcoin ACCELERATION Phase Begins SOON | EP 1213

Transcript

NEW REPORT: $4T Firm Says Bitcoin ACCELERATION Phase Begins SOON | EP 1213 · Simply Bitcoin

• 0:00
  Joe, a $4 trillion asset manager, just released a report
• 0:04
  where they said that the Bitcoin acceleration phase is right
• 0:08
  around the corner if history repeats.
• 0:11
  This is exactly what happened in 2017 as Bitcoin began its rally
• 0:17
  from 1K to 20K by the end of the year.
• 0:21
  Considering it's April 1st, 2025, are we about to see the
• 0:25
  beginning of a 20X rally? Let's see.
• 0:28
  A5 XI would be extremely happy. Let's get at least half of that.
• 0:32
  That would be amazing. Today, we're going to be
• 0:34
  breaking down all the key insights in this report that
• 0:37
  went completely under the radar over the previous days.
• 0:41
  Who wrote, who wrote this report?
• 0:43
  It was Fidelity. Again, these reports that we've
• 0:46
  been covering for the last two days, they aren't coming from
• 0:49
  Bitcoin Twitter. They're coming from BlackRock.
• 0:51
  They're coming from Fidelity. These institutions have skin in
• 0:55
  the game, to say the least. In my nine years in Bitcoin, I
• 0:59
  haven't seen so much bullish news.
• 1:02
  And the price stays stagnant for so long.
• 1:05
  The price has to RIP, number has to go up.
• 1:08
  It's Infinity divided by 21 million.
• 1:11
  That's not an April Fool's joke. Let's get right into it.
• 1:16
  So joining us today we have weighed from beat from Bitcoin
• 1:20
  Alaska joining us on the show today Wade, thank you so much
• 1:24
  for joining us guys. No more delay.
• 1:26
  Let's jump straight into today's news.
• 1:29
  What am I talking about what report am I talking about?
• 1:33
  Let me pull it up again it's by Fidelity Digital assets.
• 1:37
  The name of the report is Bitcoin set for further price
• 1:41
  discovery education and insights at the top.
• 1:45
  It says as bitcoins current market cycle progresses invest
• 1:50
  are watching closely for potential signs of continued
• 1:54
  price discovery following the post election rise in November
• 1:59
  2024 bitcoin's price made its first convincing move above the
• 2:04
  previous all time high set in March 2024 based on closing
• 2:08
  prices via glass node entering a phase of true price discovery
• 2:13
  for the first time surpassing 20,000 in December 2020.
• 2:18
  Shifts of this kind have historic been seen during
• 2:22
  previous acceleration phases, a time in bitcoins price cycle
• 2:26
  characterized by high volatility and high profit.
• 2:30
  The key question now is, has Bitcoin already hit this cycles
• 2:35
  blow off top or does this asset have further room to run?
• 2:40
  And again, I'm not the only one to remember 2017.
• 2:47
  If you guys have been here for long enough, you guys have you
• 2:51
  guys remember that? I've been saying that this cycle
• 2:54
  reminds me a lot of 2017 in various ways.
• 2:58
  If you guys remember the beginning of 2017, we didn't
• 3:02
  move price wise from January to like April or March.
• 3:07
  It was like chopping sideways, like we were like we were
• 3:10
  between $700.00 and $1500 and it would just, you know, kind of
• 3:15
  chop in between. Of course, percentage terms.
• 3:18
  That's that's major, right? You know, 700 to 1500, that's
• 3:22
  the price. You know, percentage wise,
• 3:24
  that's, that's big volatility. But in the grand scheme of
• 3:27
  things, now we're sitting here at $85,000 Bitcoin and we're
• 3:31
  looking back at that type of movement.
• 3:33
  We're saying that wasn't that much.
• 3:34
  At all, right? And we've been joking, Opti and
• 3:37
  I about, you know, two one 109 K being the price peak.
• 3:43
  I mean, like you could say that like what happens with Bitcoin
• 3:47
  peaks is that no one knows until like a year later and then it
• 3:51
  hits everyone at the same time. It's like, all right, guys,
• 3:53
  we're in a bear market. But it would be weird.
• 3:56
  And the reason that it would be weird is because we didn't have
• 4:00
  the announcement of the SBR back when Bitcoin peaked the day of
• 4:06
  Trump's inauguration. We didn't have the news of the
• 4:10
  end of Operation Choke .2 Point O.
• 4:12
  We didn't have the news of the repeal of SAB 121, which would
• 4:17
  allow banks to custody Bitcoin. Remember one of the three things
• 4:22
  that Michael Saylor said needed to happen in order for Bitcoin
• 4:25
  to hit $5,000,000 per coin? There are three of them.
• 4:28
  One was the approval of the Spot Bitcoin ETF.
• 4:31
  The other was the change in the FAZBE accounting rules, and the
• 4:34
  third was for banks to be able to custody Bitcoin.
• 4:38
  Now that is possible. So after all of this bullish
• 4:42
  news, and this brings me to one of my latest tweets that I that
• 4:46
  I posted this morning. I don't have it pulled up.
• 4:49
  One of the latest tweets that I posted this morning was
• 4:52
  essentially like, look guys, like.
• 4:55
  Simply is a. A media organization, right?
• 4:58
  And one of the things that I noticed is that this is one of
• 5:01
  the most epic bull markets in terms of news, but one of the
• 5:05
  worst bull markets in terms of price action.
• 5:07
  Like, I'm looking at this and I'm like, what's going on?
• 5:10
  I'm not the only one to agree with this perspective.
• 5:13
  Here's Pete Russo and he says truth.
• 5:16
  Adam Back responds to Pete and this was my post and he says
• 5:20
  surprising amount of sellers given the persistent buy,
• 5:24
  persistent buyers buying 5X mine supply but ultimately they can
• 5:30
  only sell once. Pete Russo responds with flights
• 5:35
  around the North and South Poles aren't cheap.
• 5:38
  So going back to the Fidelity report again, look at the end of
• 5:43
  2017. I never forget.
• 5:44
  This this was. Essentially the year after I got
• 5:47
  in the year that Opti got in, a lot of us are from the class of
• 5:50
  2017, that era, right? And we never forget this.
• 5:53
  It was like the beginning of the year, Bitcoin essentially was
• 5:56
  going sideways and then it started to pick up.
• 5:59
  And then essentially the end of the year ended up with total
• 6:03
  parabola mania, euphoria phase to the point that you would get
• 6:07
  in an Uber and they were telling they were talking to you about
• 6:11
  Bitcoin, right? They're like.
• 6:12
  Like in hindsight it was such a top signal, but of course no one
• 6:16
  saw it at the time. But anyways go.
• 6:19
  Go down, further, go down. Yeah.
• 6:20
  So the report continues to say, are are we approaching the end
• 6:24
  of the cycle? While the future remains
• 6:27
  uncertain, historical precedents suggests that as the
• 6:31
  acceleration phase extends, the likelihood of a blow off top
• 6:36
  increases. As of March 3rd, 2025, Bitcoin
• 6:41
  reached day 232 of its latest acceleration phase, edging
• 6:47
  closer to when previous phases have peaked and and been
• 6:51
  followed by an abrupt reversal. The acceleration phase of 2010
• 6:56
  to 2011, 2013 and 2017 reached their tops on days 244, two, 61
• 7:03
  and 280 respectively, suggesting a slightly more drawn out phase
• 7:08
  each cycle. This does not necessarily mean
• 7:11
  the current phase will end within the specific time frame,
• 7:14
  however, history shows that Bitcoins acceleration phase can
• 7:19
  conclude with a sharp dramatic rally akin to the grand finale
• 7:24
  in a firework show, before rapidly losing momentum and
• 7:28
  entering the. Reverse the reversal.
• 7:29
  Phase. And as you can see, it's kind of
• 7:31
  comparing the two, the orange lion at the bottom.
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  I mean, that's kind of the present.
• 7:37
  There's a pressing, isn't it, right.
• 7:39
  It shows 20. 10 it shows 2013, it shows 2017 and it shows
• 7:46
  2024-2025. It's not showing 2021, which I
• 7:50
  find interesting anyways, it continue, it continues to say a
• 7:53
  key metric to watch during the acceleration phase is the number
• 7:57
  of days during a rolling 60 day period in which Bitcoin reaches
• 8:01
  a new all time high. Bitcoin has typically
• 8:04
  experienced two major surges within previous acceleration
• 8:08
  phases with the first instance of this cycles following the
• 8:12
  election. If a new all time highs on their
• 8:15
  on the horizon, it will have a starting base near 110,000 and
• 8:20
  we've heard that multiple times. It is important to note that the
• 8:24
  only time a second rally failed to materialize was in November
• 8:28
  2021. As we continued monitoring this
• 8:32
  current cycle, it will be important to watch for whether
• 8:35
  Bitcoin follows its historic patterns or begins to show signs
• 8:40
  of divergent. And again, this is a report by
• 8:43
  Fidelity Digital Assets. I believe Fidelity it's has one
• 8:47
  of the largest ETFs and they've been in the industry for quite a
• 8:50
  long time now. Here is a chart by Bitbo
• 8:53
  comparing essentially all the previous cycles in terms of what
• 8:58
  percentage they are in after the after the halving.
• 9:02
  And let's compare some of them. I I don't like the first one
• 9:05
  because Bitcoin was in price discovery.
• 9:07
  This was when, like, you know, people were essentially trading
• 9:10
  to Papa John's pizzas for 10,000 Bitcoin.
• 9:12
  No one had any idea Bitcoin had any value.
• 9:14
  So let's start comparing it from the 2013 cycle.
• 9:18
  So it seems like the 2013 cycle rally started right after the
• 9:23
  halving. So in percentage terms, we
• 9:25
  should have already had a crazy parabolic rally.
• 9:28
  Now the 2017 cycle, which again, according to American Huddle,
• 9:35
  where is the thing? Yeah, according to American
• 9:37
  Huddle, he has this pinned on his tweet.
• 9:39
  It almost has a million views. A lot of you weren't here for
• 9:43
  it, but this is exactly what the beginning of 2017 felt like.
• 9:47
  By the way, I'm not he's not the only one to get those vibes.
• 9:50
  I've been saying this since since the end of 2024.
• 9:55
  First thing I said is I have a feeling that once we break 100K
• 9:59
  it's going to RIP. So hard feeling. 2017 vibes.
• 10:03
  Not 2021 vibes, 2021 vibes. In my opinion 2021 was a big let
• 10:09
  down and I think the big reason as to why we were let down is
• 10:12
  because of the China mining ban. There's this huge correlation
• 10:16
  between the hash rate and the Bitcoin price.
• 10:19
  And it seems like as soon as China bans Bitcoin mining within
• 10:23
  their borders, the hash rate dropped off a Cliff and you
• 10:26
  could see there's a very strong correlation between the drop of
• 10:29
  the hash rate and the drop of the price.
• 10:32
  I was making the case that essentially those are all those
• 10:35
  miners selling Bitcoin onto the market in order to relocate some
• 10:40
  more favorable jurisdictions. But as Adam put Adam back put
• 10:45
  responding to my ex post this morning, you could only sell
• 10:49
  once. So despite all this sell
• 10:52
  pressure, you can only sell that Bitcoin one time.
• 10:54
  You're not going to be able to get it back.
• 10:56
  Or if you do want to get it back, you're going to have to
• 10:58
  be, you're going to be forced to be able to, you're going to be
• 11:00
  forced to have to buy it at a much higher price.
• 11:04
  So the second thing that I said in December 15th of 2024, so
• 11:07
  last year or late last year, I said 2025 will be the redemption
• 11:12
  year for the class of 2017 who got rugged in 2021.
• 11:17
  Earlier this year, I said in January 2017, Bitcoin ranged
• 11:22
  around the 1K region. 11 months later it topped AT20K.
• 11:27
  The most explosive years in Bitcoin history like 20-17 are
• 11:31
  the years after the having. 2025 is that year.
• 11:35
  We all know the meme. 3 green, one red, 3 green years and then
• 11:40
  one red year. So if Bitcoin follows previous
• 11:44
  cycles, this is 2025 is the year of the parabola, but it's acting
• 11:52
  more like 2017 than it was in 2021.
• 11:56
  In 2021, what we saw was the cycle was like expedited.
• 12:00
  It happened a lot quicker, a lot sooner than and a lot of people
• 12:04
  anticipated. I'll pull up the chart right
• 12:06
  here. Here is the 2021 cycle.
• 12:08
  As you can see, we already essentially peaked in 2021 in
• 12:13
  2017. The peak didn't occur until much
• 12:16
  later. So could this cycle be more like
• 12:19
  2017 or more like 2021 or something completely different?
• 12:23
  I don't know. We are in uncharted territory.
• 12:26
  We might have peaked in at 109, who knows.
• 12:30
  But I don't know. I'm a vibes type of guy.
• 12:32
  I'm feeling the vibes. American Huddle, a Bitcoin
• 12:36
  legend, he's feeling the vibes and Bitcoin Ogs like Pete Russo
• 12:41
  and Adam back again. They're basically saying like,
• 12:43
  look, guys, the math ain't math in this does not make sense,
• 12:48
  right? We're having record.
• 12:50
  I can't emphasize this enough, guys.
• 12:52
  The United States government, the most powerful government on
• 12:55
  the face of the planet that literally has a money printer,
• 12:58
  just announced the rest of the world that it has every
• 13:01
  intention of acquiring Bitcoin using the money printer.
• 13:05
  Using the power of the state to acquire more Bitcoin, the Trump
• 13:09
  administration is signaling to the world that it has a positive
• 13:12
  Bitcoin stance. The regulatory environment is
• 13:15
  essentially being cleaned up. And do you really think that
• 13:19
  essentially the peak was Trump's inauguration day or the best is
• 13:23
  yet to come? I mean, I, I tend to believe
• 13:26
  that the best is yet to come. I'm getting 2017 vibes.
• 13:30
  If I told you back in 2017, April 1st of 2017 that the
• 13:34
  Bitcoin price was going to end up at 20 K by the end of the
• 13:38
  year, you would not have believed me right?
• 13:41
  You wouldn't believe me. You said Nico, you are crazy.
• 13:44
  That makes absolutely no sense. I'll I'll pull up the chart for
• 13:47
  you guys. So you guys could kind of have
• 13:49
  like a visualization of what it is I'm talking about like this
• 13:54
  was the 2017 price discovery. Here's April right?
• 13:58
  You see this right? No one could have.
• 14:00
  If I would have told you, right? We were like roughly at what,
• 14:03
  1002 thousand dollars? If I would have told you would
• 14:05
  have done this by the end of the year, you wouldn't believe me.
• 14:09
  You just wouldn't believe me, right?
• 14:10
  So again, you know, maybe me and Hoddle's vibes are off.
• 14:16
  Maybe we're seeing things that are not there.
• 14:19
  But you know, I'm a vibes guy, Opti, I'm a vibes guy.
• 14:22
  Are you a vibes guy? I am a total vibes guy, but
• 14:25
  really, you know, kind of playing on the counterpoint
• 14:28
  here. I think what we're all feeling
• 14:29
  right now, and This is why I'm also kind of thinking we might
• 14:32
  be seeing a 2017 vibe is, is this like fatigue that a lot of
• 14:36
  us Bitcoiners are feeling like we're getting worn down right
• 14:38
  now. We're literally that one meme
• 14:40
  where what's the the Wojack 1 where you're just like torn
• 14:43
  down. You're you're like beat up.
• 14:44
  You have bags under your eyes and you're like, no, I'm good,
• 14:48
  I'm good, bro, I swear I'm doing well.
• 14:50
  Like it's going to pump soon. And I, I know we've kind of been
• 14:53
  coming into like hopium territory the last couple of
• 14:55
  days is because I think a lot of us are kind of feeling the same
• 14:58
  thing right now. We're all wondering what exactly
• 15:00
  is going on, especially when you get so much good news coming out
• 15:03
  here. We're seeing basically Bitcoin
• 15:05
  enter the mainstream and we're all wondering it's like, why
• 15:09
  isn't the Bitcoin price going up?
• 15:10
  We're seeing so many buys of Bitcoin.
• 15:12
  What exactly is happening in the cycle?
• 15:13
  Did the old cycle theories break?
• 15:15
  Are we entering new territory? Are we literally just going to
• 15:18
  have prolonged cycles here? You know, I've been kind of
• 15:21
  joking that we're going to see kind of like a stepwise function
• 15:23
  where it just kind of, you know, pumps go sideways pumps again,
• 15:26
  because we seem to be going in that territory.
• 15:28
  But the one thing I did like about that Fidelity report is
• 15:32
  this idea of a prolonged cycle and they they have a pretty good
• 15:35
  metric to cover this. The the days to all time high
• 15:38
  seem should be progressively spreading out.
• 15:41
  Now I've known a lot of Bitcoin has been saying this the last
• 15:43
  couple of years or rather last cycle.
• 15:45
  It's like the cycles, yeah, there we are.
• 15:47
  That's literally me right now. Like the cycles have been kind
• 15:50
  of getting elongated. And I think this is part of that
• 15:54
  idea that we are entering into a new paradigm.
• 15:57
  We are maturing as an asset class or rather as global
• 16:00
  reserve money. And now that the big players are
• 16:03
  here, obviously we're seeing that, you know, we've we kind of
• 16:06
  have the vibe that there is some sort of price manipulation going
• 16:09
  on. We don't know exactly where it's
• 16:10
  coming from, whether it's paper Bitcoin from ETFs or I don't
• 16:13
  think we dropped it yet, but we are going to drop this clip with
• 16:16
  CJ and he's been kind of I think he's been on like hitting the
• 16:19
  nail on the head recently where he's saying, look, the Bitcoin
• 16:22
  cycles that we've seen in the past have been this commodity
• 16:25
  cycle play out where you'll see Bitcoin do this four year cycle.
• 16:29
  Now we're seeing that the supply of Bitcoin that gets released
• 16:31
  yearly is becoming very minimal and he's saying sometime soon,
• 16:35
  maybe it's now, maybe we have, you know, four years left, but
• 16:38
  we will enter like a monetary cycle and Bitcoin will do this S
• 16:43
  curve adoption. So we're going to drop this for
• 16:45
  you guys, I think later some point this week.
• 16:47
  But he's essentially saying that the the reason you're feeling
• 16:50
  this pain right now, the reason you're wondering there's so much
• 16:53
  Bitcoin being bought. How is the price not going up is
• 16:56
  because there's some big boys in the market now and they're
• 16:59
  essentially yield, yield farming.
• 17:01
  You know, they'll buy some Bitcoin Bitcoin, but they'll
• 17:02
  also short that Bitcoin at the same time so that they can just
• 17:05
  generate yield as the Bitcoin price does it's thing.
• 17:08
  But like Adam Back is saying, they can only sell Bitcoin once
• 17:11
  and once people start to understand what they're holding,
• 17:14
  the price has to RIP. So I know you guys in the chat
• 17:17
  are kind of feeling the same thing.
• 17:19
  We're all kind of feeling like man it the price should be
• 17:21
  pumping now it's pumping around the corner.
• 17:23
  Maybe we're wrong. Maybe we are just filling you
• 17:25
  guys with some opium this year, but I don't think 109 K is the
• 17:29
  top that that just doesn't feel right to me.
• 17:31
  And I am just vibes trading here.
• 17:34
  You know, I'm just vibes checking here that this, this
• 17:36
  just can't be the top with everything we're saying, this
• 17:39
  can't be the top. So I'm kind of leaning towards
• 17:41
  it seems like these cycles are being prolonged.
• 17:43
  And I won't be the only one that says, I forget who said it, but
• 17:46
  someone was saying that we might be seeing Bitcoin pump into
• 17:49
  2026, which would completely invalidate the cycle theory
• 17:52
  because that should be the year where we hit a bear market.
• 17:55
  So if we are getting kind of a more gradual climb upwards,
• 17:59
  that's obviously going to mean we're not going to see these
• 18:02
  huge declines downward in the bear market.
• 18:04
  So, you know, is this a bear trap right now?
• 18:07
  We won't know until the end of summer.
• 18:09
  But it does feel like the price is going to continue to
• 18:13
  elongate. These cycles are getting bigger.
• 18:15
  We're starting to enter macroeconomic situations here,
• 18:18
  macro uncertainty. So I'm kind of leaning towards
• 18:20
  cycles are getting longer. Obviously, this is my hope.
• 18:23
  I'm optimistic take right now, but I think we are prolonging
• 18:27
  right now in terms of cycle theory.
• 18:31
  Absolutely 100%. I do want to give a shout out
• 18:33
  before we get. Wade's thoughts I do want to
• 18:35
  give a shout out to the live stream.
• 18:36
  We got 1700 of you guys watching live between YouTube and X and
• 18:42
  shout out to the rumble audience 330 three 130 live viewers on
• 18:47
  rumble rumble. If you guys are enjoying the
• 18:49
  show smash that like button. The rumble chat is the most
• 18:52
  savage. And but of.
• 18:54
  Course, we appreciate the YouTube audience.
• 18:56
  So YouTube about to break 700 live viewers are at 673 live
• 19:00
  viewers on YouTube alone. Smash that like button.
• 19:02
  We're already at 120 likes. Help us break 200 likes within
• 19:06
  the 1st 30 minutes of the show. Anyways, we got Wade in the
• 19:09
  house. Wade is the organizer of the BTC
• 19:12
  Bitcoin Alaska conference that's coming up this year.
• 19:16
  You guys definitely don't want to miss it.
• 19:18
  Speakers include our boy Rustin, of course, and Alex Gladstein is
• 19:23
  going to be making an appearance and it's going to be a very
• 19:25
  special conference for anyone who hasn't been to Alaska.
• 19:28
  It's absolutely beautiful. Wade, thank you so much for
• 19:31
  joining us on SIMPLY Bitcoin Live Today.
• 19:34
  My question to you is, Wade, what is going on with the
• 19:38
  Bitcoin price? You know, a lot of people were
• 19:40
  expecting the Bitcoin price to be a lot higher right now.
• 19:44
  Some people are speculating that hey, this is manipulation.
• 19:47
  People like American Huddle are saying, you know what, this is
• 19:49
  the 2017 cycle all over again. Just have patience.
• 19:54
  You know, Bitcoin Ogs like Adam Back, Samson Mao.
• 19:57
  I had an interview with Samson Mao at the Mining Disrupt
• 20:00
  conference backstage and he said, listen, we should be at
• 20:02
  200K by now. And of course, Bitcoin OG Adam
• 20:06
  Back is basically saying, look, there is a lot more cell
• 20:09
  pressure than we anticipated. But the bright side of that is
• 20:13
  that they could only sell one. So wait.
• 20:16
  What are your thoughts? I think we're either going to
• 20:18
  continue going up like it's going to model this 2017 cycle,
• 20:21
  but I'm, I'm almost getting the feeling that it, it's more
• 20:24
  likely to not have such a bear market that we used to have.
• 20:29
  I've been in this since 2015 and I've watched the cycles and it
• 20:32
  seems that I'm not so sure we're going to have the blow off top.
• 20:37
  But that's OK because either way, you don't want to sell your
• 20:39
  Bitcoin if you're going to go up, you know, sailors pieces of
• 20:43
  40% a year and slowly lowering down to 28% a year.
• 20:46
  Either way, you don't want to sell your Bitcoin.
• 20:48
  You're either going to, you know, you're going to enjoy a
• 20:50
  blow off top and maybe miss the top of the cycle, or you're just
• 20:53
  going to be able to hold it and and make you know, and and gain
• 20:56
  value faster than any other asset in human history.
• 20:59
  So it's a win win. Just don't sell your Bitcoin.
• 21:03
  Absolutely. I think that's a, that's a great
• 21:04
  take. And yeah, I mean this.
• 21:06
  The cycles might be over. You know, but again, a, a 40%
• 21:11
  CAGR year, year over year, I think is, is amazing.
• 21:15
  But to, to kind of add to that, Wade, like Pierre Richard posted
• 21:18
  a, a tweet or post yesterday showing Bitcoin's CAGR it's down
• 21:24
  to 13% over the last four years. Bitcoin has not made an all time
• 21:31
  high compared to gold in the last four years.
• 21:35
  If you if you price Bitcoin in golds, it hasn't made an all
• 21:40
  time high since 2021. That's a long time.
• 21:43
  Especially us bitcoiners. We're spoiled, man.
• 21:46
  Like we're spoiled. I know I might be nitpicking
• 21:49
  because again, all these numbers could be completely skewed and
• 21:53
  wrong if Bitcoin has an A strong end of the year performance.
• 21:57
  But a lot of us that are used to this, you know, quick dopamine
• 22:01
  hits of Bitcoin ripping, you know, I think a lot of us are
• 22:06
  underwhelmed to say the least. Again, from a news perspective,
• 22:09
  this is great. It gives stuff for me, me and
• 22:12
  Opti to talk about on a daily basis.
• 22:14
  But from a price action man perspective, it definitely seems
• 22:18
  a little bit under underwhelming.
• 22:19
  Wade, what are your thoughts? Bitcoins more liquid.
• 22:23
  As soon as the money printer kicks on, bitcoins going to go
• 22:26
  straight up and it's going to retain the value stronger than
• 22:28
  gold over time. So I, I have a hard time seeing
• 22:32
  the gold thesis. I played with gold.
• 22:35
  I'm I understand gold. I pulled it out of the streams,
• 22:37
  so I pulled it out of the earth. It's not easy to pull out of the
• 22:41
  earth. And every time they start
• 22:42
  pulling it out of the earth or every time the value goes up,
• 22:44
  they just pull more out of the earth.
• 22:46
  How much gold is there? We don't know.
• 22:48
  So overall, I think I think gold's going to overtime just
• 22:53
  lose its market share. Bitcoin is going to take it.
• 22:57
  I don't know how long that's going to be.
• 22:59
  It's probably going to be a while.
• 23:00
  There's a lot of gold bugs up here in Alaska.
• 23:02
  We've got the only true gold mine in the US is Kensington
• 23:05
  right here in Juneau and the largest, the highest producing
• 23:09
  silver mine here is, you know, the US is right here in Juneau.
• 23:13
  But you know what what's going to happen to Kensington gold
• 23:17
  mine is it loses its market share.
• 23:19
  They're hiring like off the charts right now in the in the
• 23:22
  gold mine and in the silver mine, but only because the price
• 23:26
  of bitcoin's going or price of gold's going up.
• 23:28
  I don't see that lasting as soon as gold.
• 23:30
  As soon as the money printer takes on, gold's going to lose
• 23:33
  more of its market share and bitcoin's going to RIP.
• 23:36
  Yeah, and, and I, I agree. And that's something to to, to
• 23:39
  point out about gold specifically, right, is big gold
• 23:43
  does not have absolute scarcity. And as the price goes up, the
• 23:47
  production of gold goes up with it, right?
• 23:50
  As the price of Bitcoin goes up, the production of Bitcoin not
• 23:54
  only stays the same, it literally gets halved every four
• 23:59
  years, right? So it has absolute scarcity and
• 24:02
  it has this mechanism in order to essentially make number go
• 24:06
  up, right? And I think this.
• 24:08
  Is why a lot of us again are are having weird feelings about this
• 24:12
  current cycle, right? Because again, if it was 2021,
• 24:17
  we would already be, you know. At 150 two 100K right now,
• 24:21
  right. 2017 was a little bit more elongated.
• 24:25
  Maybe American Huddle's right, maybe I'm right, right.
• 24:28
  I'm again, I'm getting 2017 vibes, but let's see what
• 24:32
  happens. I still think we have an amazing
• 24:35
  rest of the year. You did mention something as
• 24:38
  well, Wade, about right now being a, a difficult kind of
• 24:42
  monetary environment. We're still in AQT environment.
• 24:45
  That's what a lot of people have to understand.
• 24:47
  I believe, Opti, you were telling me this yesterday.
• 24:49
  I don't know if it's right. But it it.
• 24:53
  You were saying that Bitcoin has never existed in a QT
• 24:56
  environment. It's only exists in a QE
• 24:58
  environment. Well, I am referencing Ruston as
• 25:00
  my source here. And yeah, pretty much since
• 25:02
  2008, it's been, you know, quantitative easing, which been
• 25:06
  money printer Gilbert. And I think only in the last
• 25:09
  couple years have we gotten this tightening moment.
• 25:12
  And obviously we all know what was in the Bitcoin, you know,
• 25:17
  genesis block is a chancellor on the brink of second bailout.
• 25:20
  So we've been living in a basically the, the TLDR layman
• 25:24
  version of this is we've been living in an easy money
• 25:27
  environment since Bitcoin's inception.
• 25:29
  And now we're getting to this place now where we are, we're
• 25:32
  getting into a, you know, tightening of the money supply.
• 25:35
  And so this is probably why we're seeing a little different
• 25:39
  mechanic, mechanic mechanics play out.
• 25:41
  Sorry. So I asked our AI overlords.
• 25:45
  Is it true that Bitcoin has only existed?
• 25:46
  Existed in a QE environment, says yes.
• 25:49
  Bitcoin has existed exclusively during a period of characterized
• 25:54
  QE, quantitative easing, AKA money printing.
• 25:58
  The Federal Reserve first initiated its first QE program
• 26:01
  in November 2008 in response to the global financial crisis.
• 26:05
  Bitcoin has introduced shortly after within the mining of its
• 26:09
  genesis block on January 3rd. Since then, various QE measures
• 26:13
  have been implemented and Bitcoin has continued to operate
• 26:17
  within this economic environment.
• 26:19
  So again, it's true, this is the first bull cycle that Bitcoin is
• 26:24
  in a QT environment now. Powell, in his last the, at the
• 26:29
  last FOMC meeting, he did signal that he was going to slow that
• 26:32
  down. And a lot of people are having
• 26:35
  expectations that we're heading back into QE in May.
• 26:39
  And a lot of people are speculating that the Trump
• 26:41
  administration right now with all the tariff talks, they're
• 26:45
  doing it on purpose in order to force the hand of the Federal
• 26:50
  Reserve. Trump, Trump's agenda cannot be
• 26:54
  met without the money printing. That's something to keep in
• 26:57
  mind. So anyways, guys, I still feel
• 27:00
  incredibly bullish for the end of the year.
• 27:03
  I'm a vibes guy. American huddle's a vibes guy.
• 27:06
  Are we getting a 2017 two point O?
• 27:10
  If so, that would be absolutely bonkers.
• 27:13
  But regardless, number go up and the reason number goes up is
• 27:17
  it's Infinity divided by 21 million.
• 27:21
  Anyways, these guys is going to be incredible show for you guys
• 27:23
  today. We're jam packed.
• 27:25
  With a ton of content. I do want to show the the Wojack
• 27:29
  face again. Yeah, we're just coping, guys.
• 27:31
  We're just coping. I am building.
• 27:35
  So anyways, guys, it's going to be a jam packed show for you
• 27:37
  guys. We have so much to talk about.
• 27:40
  We have the we have fun strats. Tom Lee predicting that Bitcoin
• 27:45
  will reach 150K by the end of the year.
• 27:48
  We're going to play that video for you guys.
• 27:49
  Then we're going to discuss. And then during the news
• 27:52
  segment, I wasn't here for that show, but we're going to be
• 27:55
  talking about GameStop approving adding Bitcoin to its treasury
• 28:01
  reserves. And we're going to be talking
• 28:03
  about the FDIC saying that banks could engage in Bitcoin and
• 28:07
  crypto without prior approval. And this is a complete 180 to
• 28:12
  how things were working during the Biden administration where
• 28:16
  essentially banks are being targeted for banking crypto or
• 28:20
  banking Bitcoin. So we have a jam packed show for
• 28:22
  you guys and of course during the culture segment we're going
• 28:25
  to be talking about the Bitcoin Alaska conference that's coming
• 28:29
  up later on this year. Our boy Ruston's going to be
• 28:32
  there, Lisa Ho, we have Alex Gladstein.
• 28:35
  It's going to be a jam packed conference.
• 28:37
  You guys definitely don't want to miss.
• 28:39
  It's going to be great. Alaska's beautiful.
• 28:41
  I believe there's like a boat watching day.
• 28:43
  It's going to be great. So guys going to be a jam packed
• 28:45
  show. Smash the like button if you
• 28:46
  guys are enjoying the show so far.
• 28:49
  But before we jump into it, I do want to give a shout out to
• 28:52
  simply Bitcoin's lead sponsor by far.
• 28:55
  Wait, I want to. Can you pull up that comment
• 28:57
  again? Opti?
• 28:57
  That was that was a good comment.
• 29:00
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• 29:03
  It was nuts to refresh your portfolio and see the difference
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  All right everybody, let's hit the numbers.
• 31:49
  We have tons to talk about today.
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  Smash the like button. We will be right back.
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• 33:37
  By the way, it seems like I mispronounced Elisa's name.
• 33:39
  Her name is Lisa Huff. She's going to be speaking at
• 33:43
  the Bitcoin Alaska conference. You guys definitely don't want
• 33:47
  to miss that. The Bitcoin price is $84,940.
• 33:52
  The block height is 890,425 SAT's per dollar 1170 7 market
• 34:00
  cap 1.69 trillion Bitcoin verse gold market cap 7.69% percentage
• 34:07
  issued 94.5% decline from all time high -22 point 2% Realized
• 34:14
  monetary inflation .89% continuing to take Fiat
• 34:18
  currencies to absolute school. Anyways, I have a clip for you
• 34:22
  guys from legacy media. We have Tom Lee of Funstrat
• 34:26
  still sees Bitcoin reaching 100 50K by the end of 2025.
• 34:31
  By the way, it isn't just Tom Lee who's saying this.
• 34:35
  We also have Arthur Hayes. I've really been enjoying some
• 34:38
  of Arthur Hayes Substack posts. I think they've been really
• 34:42
  great. The reason I've been enjoying
• 34:43
  them is because I think the case that he's been making is that
• 34:48
  Bitcoins, Bitcoin is really, really tied to global liquidity.
• 34:54
  In the early days, because the market cap was so big, that
• 34:59
  wasn't, I mean, sorry, the market cap was so small.
• 35:01
  It was like this technological innovation.
• 35:04
  That wasn't the case. But as bitcoins market cap
• 35:06
  continues to grow, as it's gotten more correlated to just,
• 35:11
  you know, Wall Street and just the performance of the NASDAQ,
• 35:14
  it really, really seems to be extremely correlated with the
• 35:19
  money supply, the global money supply.
• 35:21
  Here is this graph that we've been showing over the last
• 35:23
  couple days. And I mean look at that
• 35:26
  correlation, right? Bitcoin, the global M2.
• 35:30
  Some people are saying that the Glo the, the global M2 is the
• 35:33
  leading indicator and Bitcoin is like kind of this lagging
• 35:37
  indicator. We'll, we'll see.
• 35:39
  I mean we'll see within a couple weeks, you know, if it if, if it
• 35:43
  continues to correlate with the global M2.
• 35:46
  But that's why I've been enjoying Arthur Hayes's work in
• 35:50
  regards to this because he's been essentially making the case
• 35:52
  like, look, it doesn't matter about all this bullish news,
• 35:55
  doesn't matter about the SBR, doesn't matter about any of this
• 35:58
  stuff. The reality is we're in AQT
• 36:01
  environment. As soon as money printer goes
• 36:04
  BER, you know Bitcoin is going to be the first to react and
• 36:08
  we're going to see new all time highs, right?
• 36:10
  I really like that approach. I feel like that approach has
• 36:13
  been the most accurate so far, But I don't know who said this
• 36:16
  right? Every, every, every, every model
• 36:19
  is right until it's wrong. We'll see, but that's what the
• 36:23
  the the most recent, you know, Bitcoin for foreshadowing 8 ball
• 36:31
  magic thing is saying. Anyways, here's Tom Lee, one of
• 36:36
  his latest legacy media interviews.
• 36:38
  I'm going to play it and then we shall talk about it.
• 36:40
  I think you know part of this was Bitcoin seasonally was just
• 36:45
  not going to be attractive until after March ends and now we're
• 36:48
  finally exiting March and so I think not only is the calendar
• 36:52
  looking better but as you're saying Fed and central banks are
• 36:55
  easing Q TS ending. I think that that with positive
• 37:00
  Washington sort of tailwinds means I think Bitcoin can do
• 37:03
  well to the end of the year, right.
• 37:06
  People love it when I ask you what your your own target is on
• 37:09
  Bitcoin yeah makes people very excited yes and I mean it's.
• 37:14
  Crazy high again. I think it's still 150 or higher
• 37:19
  as possible. I know it doesn't feel like it,
• 37:21
  but once we get through this tariff and that agenda around
• 37:27
  tariffs, markets can look for. So.
• 37:32
  Again, literally. I'm not even kidding, guys.
• 37:35
  That's literally exactly what I just said, right?
• 37:38
  We're in a, we're at a tight like kind of.
• 37:41
  Monetary environment, when things open up, when the market
• 37:44
  start to feel comfortable, when the uncertainty around the
• 37:47
  tariffs and the, the, the, the adjustment by the market to this
• 37:53
  new incoming administration is kind of complete.
• 37:57
  I think there's going to be a switch and I think Bitcoin is
• 37:59
  going to be the first to react because Bitcoin is always the
• 38:01
  first to react either to the downside or to the upside
• 38:04
  because it's the only market that is open 24/7.
• 38:09
  Everything else closes has, you know, work hours, which is
• 38:13
  strange if you come from Bitcoin world.
• 38:16
  But anyways, I'm going to pass it on to Wade, our guest today
• 38:20
  from Bitcoin Alaska. Wade, what are your thoughts?
• 38:22
  I mean, it seems like everyone is saying the same thing.
• 38:25
  We're saying the same thing. That's simply Tom Lee is saying
• 38:28
  the same thing. Do you agree with this talk
• 38:30
  about Bitcoin's price? It is where it is because of
• 38:34
  just the global macro environment.
• 38:38
  Definitely the, I find it interesting, there's some 10,000
• 38:41
  homes for sale in the DC area. So that's due to people losing
• 38:46
  their jobs, people in financial hardship right now as we come
• 38:50
  out of this phase, people are going to have more liquidity,
• 38:52
  but all those assets that they've lost are going to be
• 38:55
  more centralized and the easiest asset to get their hands on is
• 38:58
  going to be the more liquid asset that's going to be
• 39:00
  Bitcoin. So I see as they print money and
• 39:02
  people have less, few, fewer assets due to the the nature of
• 39:08
  the system, you know, the centralizing of the assets,
• 39:12
  bitcoins going to RIP from that. Yeah, 100 percent, 100%, man.
• 39:17
  I'm, I, I, I echo what you're saying.
• 39:19
  I completely agree. Opti, what's your take on this?
• 39:22
  I mean, do you think Tom Lee's prediction 150K by the end of
• 39:26
  the year? Is it bullish?
• 39:28
  Is it bearish? What's your take off the?
• 39:30
  Well, if you just say 150K by end of the year, I would say it
• 39:34
  is extremely bearish. But what data do I have?
• 39:38
  I don't know, I'm just kind of throwing numbers out there.
• 39:40
  But if you listen correctly, he said 150 K plus.
• 39:43
  So I think, you know, a lot of us, I've been saying for, I
• 39:47
  don't know, over a year that after the 2021 kind of
• 39:50
  disappointment that I was kind of feeling 200 to 300 K seem
• 39:54
  like very likely. And then we got all this bullish
• 39:56
  news, and I'm like, we're ripping past that.
• 39:59
  Like we are going way past that. We have to go past that.
• 40:02
  But now we're at this point where it's like, yeah, maybe
• 40:05
  Bitcoin is kind of slumping because of the global macro
• 40:08
  situation. There is a lot of uncertainty.
• 40:11
  And actually tomorrow we'll kind of have a little more clarity of
• 40:14
  what's going on because a lot of people are just kind of waiting
• 40:16
  to see what Trump does with the US economy.
• 40:18
  Obviously, we have the biggest economy in the world.
• 40:20
  So you know what we do, Other people kind of wait around and
• 40:23
  see what's happening. And yeah, I mean, look, it does
• 40:27
  seem. Like we will pump I think 100 a
• 40:31
  150K if we are kind of still in the same cycle kind of scenario.
• 40:35
  It does seem extremely low on my end.
• 40:38
  But you also got to remember it's like, you know, we're just
• 40:41
  on YouTube here. So like, you know, we can, we
• 40:43
  can be as bullish as we want to be, but if you're going on
• 40:45
  legacy media, you can you probably have to be a little
• 40:48
  conservative just so you don't seem like a complete total bull
• 40:51
  tart out there. So I think when people go out
• 40:53
  there on the television, they're they're giving conservative bets
• 40:57
  here and being like, look, you know, again, they do the this
• 41:00
  isn't financial advice, but I think it's going way higher type
• 41:03
  thing. And so they can't just be like,
• 41:05
  you know, I know Samson Mao does it, but he'll be like, we're
• 41:08
  going to a million. But I think a lot of bit corners
• 41:11
  we, we do, or rather we should be a little conservative when we
• 41:15
  do give people's price predictions.
• 41:16
  Because I remember 2021, I, I went home with my friends and
• 41:20
  family and I was telling like, we're going to the moon, bro.
• 41:22
  Like we're going to 200 K this cycle.
• 41:25
  And then it dropped under 70K. And I was like, actually, guys,
• 41:29
  maybe I was wrong. But next time it's going to go.
• 41:32
  So I think we are seeing Bitcoin enter a a totally new macro
• 41:37
  environment. And This is why you're also
• 41:39
  seeing kind of NASDAQ slump a little bit.
• 41:42
  You're seeing a lot of this terrorist talks.
• 41:44
  You're seeing that Bitcoin does react very quickly to a lot of
• 41:48
  this, this tariff, I don't know, threats because you know, one
• 41:53
  day Trump would be like, I'm slapping you with a tariff.
• 41:55
  The next day it's off. And people are still just
• 41:57
  literally not knowing what's going on.
• 41:59
  And as we know, when there is uncertainty, people will go to
• 42:02
  the assets that they think are the least risky.
• 42:05
  Obviously to us Bitcoiners, we think that's Bitcoin, but the
• 42:08
  information asymmetry is still kind of not in our favor.
• 42:12
  People don't really trust Bitcoin like we do.
• 42:15
  And it's probably because they are just used to these certain
• 42:19
  assets, whether it's gold or treasury bond.
• 42:21
  But if you're listening to Larry Leopard, and I know we are all
• 42:24
  kind of watching Larry reading his book right now, he's been
• 42:28
  super doomish on what's going on in the macro traditional
• 42:31
  financial world. And I don't know, I don't know
• 42:34
  if we're in like, you know, apocalyptic trad fly scenario
• 42:37
  right now, but we are seeing in general uncertain times that
• 42:41
  people let go of the most liquid quickest asset right now.
• 42:45
  And of course, for most people, that is Bitcoin.
• 42:46
  So it's only a matter of time until people realize that
• 42:49
  Bitcoin is the one thing to hold and everything else.
• 42:51
  This is, you know, credit. Everything else is basically
• 42:53
  paper IO us. But until then, it just means
• 42:57
  that we have, you know, cheaper sets.
• 42:59
  We have a better opportunity to stack sets because when when
• 43:02
  Bitcoin starts ripping, you know, it gets past 100 Ki think
• 43:06
  a lot of people are going to be like, you know, it's so easy to
• 43:09
  say that Bitcoin is a good thing when you bought it in 2017 and
• 43:12
  you're like, guys, it's not easy like it.
• 43:14
  We didn't get lucky here. Obviously the whole show today
• 43:17
  is that's kind of coping like no, it's going it's going to
• 43:20
  pop. I'm telling you, it's still
• 43:21
  going to pump. We're all trying to rationalize
• 43:23
  what's going on because we we have literally no clue what's
• 43:26
  happening this cycle. Like I think we could all agree
• 43:29
  that this cycle does feel different and we don't know
• 43:33
  where we're going. Like are we going to get a
• 43:34
  disappointment like 2021? Hopefully not.
• 43:37
  Like are we going to get something crazy like 2017?
• 43:40
  I would love for that to happen. Maybe we're just entering a
• 43:43
  totally new cycle play out and we we still have yet to look to
• 43:48
  see what it is. So 2020 hindsight here.
• 43:51
  We'll figure it out. But in the meantime, the point
• 43:54
  remains the same. If you're watching simply
• 43:56
  Bitcoin stack Bitcoin, take it in the cold storage.
• 44:00
  This is how you repeat this process and you win.
• 44:03
  This is the the best, safest way to succeed in Bitcoin is just
• 44:07
  stacking Bitcoin, taking it in cold storage.
• 44:10
  Make sure you're more productive.
• 44:11
  Make sure you have some cash flows.
• 44:12
  Make sure you have some savings live below your means.
• 44:15
  We we talk about this constantly, but right now we're
• 44:18
  all kind of wondering the same question.
• 44:20
  What is actually going on in the markets?
• 44:22
  What? What?
• 44:23
  What is happening? I do want to give a shout out to
• 44:25
  the stream 730 of you guys watching live on YouTube, 1600
• 44:31
  of you guys watching live on X and 300 of you guys watching
• 44:35
  live on rumble. You guys are enjoying simply
• 44:37
  Bitcoin live so far make sure to smash that like button really
• 44:42
  really helps with the algos. We have a jam packed show for
• 44:45
  you guys. We have the news segment.
• 44:47
  We're going to be talking about a variety of different topics,
• 44:50
  including GameStop approving, adding Bitcoin to treasury
• 44:54
  reserves, and the FDIC says banks can engage in Bitcoin and
• 44:59
  crypto without prior approval. Again, this is a complete 180
• 45:04
  from where banks were last year when it came to Bitcoin.
• 45:08
  And why is this bullish? Why should you guys care?
• 45:11
  Well, the reason you guys should care is very very simple.
• 45:16
  One of the reasons again. That, that, that.
• 45:19
  Taylor laid out said that needed one of the One of the things
• 45:22
  that Taylor said needed to happen in order for Bitcoin to
• 45:24
  reach $5,000,000 per coin is the ability for banks to custody
• 45:28
  Bitcoin. Remember, we had Caitlin.
• 45:30
  Long on last year. And she said that her bank,
• 45:34
  Custodia Bank, was denied a federal banking charter because
• 45:38
  of a direct essentially order from the White House.
• 45:41
  There's so much hostility. And the reason you want banks,
• 45:44
  you know, to be able to custody Bitcoin is when banks are able
• 45:48
  to custody Bitcoin. People could send their Bitcoin
• 45:50
  to banks and get loans, use Bitcoin as collateral in order
• 45:55
  to essentially fund businesses, fund their lifestyle without
• 45:58
  incurring a capital gain. So again, like there as
• 46:03
  Bitcoiners, obviously you want Bitcoin in self custody, but
• 46:06
  again, the integration of Bitcoin with the traditional
• 46:09
  financial system, I think it's just going to make number go up.
• 46:13
  I think it's a positive thing. You want you want Bitcoin to
• 46:16
  exist in a positive regulatory environment.
• 46:19
  You don't want it to exist in a negative regulatory environment.
• 46:22
  I think that not only affects the Bitcoin price, but I think
• 46:26
  that affects the ability for Bitcoin entrepreneurs to solve
• 46:30
  problems and to provide value to their customers.
• 46:33
  I mean, I cannot believe that we had one of the most popular
• 46:37
  Lightning wallets ever, the wallet of Satoshi essentially
• 46:41
  leave the United States. I remember seeing a post last
• 46:44
  year essentially saying something along the lines of
• 46:46
  like the wallet of Satoshi is not available in.
• 46:49
  China. North Korea and the US, like
• 46:52
  that's horrible, That's terrible.
• 46:54
  You definitely don't want that type of environment, so.
• 46:57
  Overall. Bullish news.
• 46:58
  We still have a lot to get to on today's show and we're going to
• 47:01
  be talking about the Bitcoin Alaska conference that's coming
• 47:05
  up. We have the organizer joining us
• 47:07
  today as a guest. His name is Wade.
• 47:09
  There's going to be a lot of awesome speakers joining going
• 47:13
  to that. Conference.
• 47:14
  There's going to be like a whale watching tour where you can see
• 47:17
  actual whales in the water. It's dope.
• 47:19
  When do you ever get to do that? A Bitcoin conference that.
• 47:21
  Doesn't happen very. Often.
• 47:23
  So anyways guys, it's going to be a great show.
• 47:24
  Smash that like button if you guys are enjoying the show so
• 47:26
  far. Really helps with the algos.
• 47:28
  Like I said, let's see where we are on likes.
• 47:30
  We're at 100 and we're at 222 likes.
• 47:33
  Help us break 300 likes by the time of the end of the show.
• 47:36
  Anyways guys, we're going to hit the new segment.
• 47:38
  We have tons to cover. We will be.
• 47:40
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• 50:14
  Guys, smash that like button. You're listening to Simply
• 50:17
  Bitcoin Live. We're going to get to today's
• 50:19
  news segment. We have tons to talk about.
• 50:22
  What are we going to get started with?
• 50:23
  Let's talk about GameStop, everybody.
• 50:25
  So I wasn't here for this show, unfortunately.
• 50:28
  I think I was. What was I doing?
• 50:30
  That day opti on it was like I. Think it was on.
• 50:32
  Friday, I think you were being. Lazy.
• 50:33
  No, I wasn't I. Don't know I worked.
• 50:35
  Harder than all you. Guys, what was I?
• 50:38
  Doing oh, I was re recording ads.
• 50:40
  That's right. That's what I was doing.
• 50:42
  OK, so GameStop approves also FU Opti GameStop approves adding
• 50:48
  Bitcoin to treasury reserves. I'm going to make you work
• 50:55
  harder, but Opti's going to be hosting all the shows next week
• 51:00
  by himself. It's going to be.
• 51:01
  Great. Nika's trying to nuke
• 51:03
  viewership. I'm with it.
• 51:05
  GameStop approves adding Bitcoin to Treasury reserves.
• 51:09
  It's written by our boy Nick. Oh, Nicholas Hoffman.
• 51:13
  We can't. We can't say Nick can't mine
• 51:14
  anymore. It's Nicholas Hoffman.
• 51:16
  Yeah, of course. Anyways.
• 51:21
  GameStop announced that it's board of directors has
• 51:23
  unanimously approved an update to the company's investment
• 51:25
  policy, allowing Bitcoin to be held as a Treasury reserve
• 51:28
  asset. The decision follows a series of
• 51:30
  engagements between GameStop Chairman and CEO Ryan Cohen and
• 51:34
  predominant figures like Michael Saylor.
• 51:37
  Here's a screenshot. GameStop GME to buy Bitcoin as a
• 51:40
  treasury reserve asset. They're currently hold 4.75
• 51:44
  billion in cash. On February 8th, Cohen met with
• 51:47
  a strategy chairman, well known Bitcoin advocate Michael Saylor,
• 51:50
  sparking speculation that GameStop may be adding BTC to
• 51:54
  its balance sheet. A couple weeks later, Cohen
• 51:56
  responded to Coindesk via a tweet stating letter received
• 52:00
  after receiving a letter from strike from Strive Asset Manager
• 52:04
  CEO Matt Cole, which urged GameStop to to adopt Bitcoin as
• 52:08
  a reserve asset. In its announcement, GameStop
• 52:11
  and noted that its investment policy now permits investments
• 52:15
  in quote certain cryptocurrency assets, including Bitcoin and
• 52:19
  U.S. dollar denominated stablecoins.
• 52:21
  The Company also acknowledged associated risks, including the
• 52:25
  potential impact of these investments on its financial
• 52:28
  results and internal financial controls.
• 52:31
  The policy update was disclosed alongside the Company's
• 52:34
  financial results for the fourth quarter and full fiscal year
• 52:38
  ended February 1st, 2025. For the fourth quarter, GameStop
• 52:42
  reported net sales of 1.283 billion, a decrease from 1.794
• 52:48
  billion in the same period the prior year.
• 52:51
  Selling general administrative expenses fell to 282,000,000
• 52:56
  compared to 359 million in the fourth quarter of the previous
• 52:59
  year. Net income for the quarter was
• 53:02
  131 million, up from 63.1 million a year earlier.
• 53:06
  Adjusted EBITA for the quarter was 96.5 million compared to the
• 53:11
  88 million in the prior year's fourth quarter.
• 53:14
  GameStop also disclosed that it held 4.775 billion in cash, cash
• 53:20
  equivalent and marketable securities at the end of the
• 53:22
  quarter. The company completed its exit
• 53:25
  from Italy and finalized the wind down of its store
• 53:28
  operations in Germany during this period.
• 53:31
  And now here, of course, is the picture of Michael Saylor and
• 53:35
  the GameStop CEO. Now, the reason that I find this
• 53:39
  really interesting, and I'll kind of open it up to the panel,
• 53:43
  is Gamestop's a really interesting company.
• 53:46
  And the reason I'm saying that is because it it kind of reminds
• 53:49
  me of Metaplanet and MicroStrategy.
• 53:53
  Why am I saying this? MicroStrategy when they started
• 53:57
  their Bitcoin strategy, right, they like 100 X their market
• 54:02
  cap. But Michael, this is Michael
• 54:04
  Saylor's words. He said like listen,
• 54:07
  MicroStrategy was either going to was either going to
• 54:10
  essentially disappear in a very fast fashion or slowly over
• 54:16
  time, but the the business model wasn't sustainable.
• 54:20
  Metaplanet, which 48 their stock 48 X.
• 54:25
  Their stock in 2020. 4 was essentially like a hotel chain
• 54:31
  that got crushed by the pandemic.
• 54:34
  They had one hotel and GameStop is essentially a company whose
• 54:40
  brick and mortar selling video games.
• 54:43
  The thing is that most people that buy video games, you buy it
• 54:47
  digitally now. You have Steam or you have the
• 54:50
  Xbox store, you have the PlayStation Store.
• 54:52
  You don't need to go to a brick and mortar to buy the DVDs to
• 54:56
  put into your Xbox anymore. You could literally just
• 54:59
  download games over the Internet.
• 55:00
  You don't have to get in a car, right?
• 55:02
  So it's a business that is like it was, I think meant to go out
• 55:08
  of business if it wasn't for the ME mania, if it wasn't for like
• 55:11
  Main St. essentially coming in and saying, you know what, I
• 55:14
  have really good. I have really good memories at
• 55:17
  GameStop. You're not going to crush my
• 55:20
  childhood memories. And then you had, you know, you
• 55:22
  had Roaring Kitty and all that stuff, but that company was
• 55:26
  essentially going to go under it.
• 55:28
  It was like it was crushed. But because all this retail Main
• 55:32
  St. essentially came in there and bought their stock, GameStop
• 55:36
  was able to survive. And now they find themselves
• 55:38
  with a pile of cash. This is the perfect company that
• 55:42
  can pivot to the MicroStrategy playbook or the strategy
• 55:46
  playbook or the Metaplanet playbook and put itself in a
• 55:50
  very advantageous position. Essentially switch their
• 55:54
  business model to a Bitcoin holding company, which my
• 55:58
  strategy proved is possible, Metaplanet proved is possible.
• 56:03
  And if I asked you and I said, hey, do you know what
• 56:07
  MicroStrategy does 99% of? You guys would be like.
• 56:11
  I I don't know, I think it's a software company.
• 56:13
  But you would definitely. Say I know they own a whole.
• 56:15
  Lot of Bitcoin. If I asked you what Metaplanet
• 56:18
  did, what would you say? I don't know.
• 56:21
  I I it's a hotel chain, I guess, right?
• 56:25
  But you know, it's a Bitcoin holding company.
• 56:27
  If I asked you what GameStop did, you would say, yeah, they
• 56:30
  sell video games. But I would say like, OK, but
• 56:32
  who goes to stores to buy video games these days?
• 56:35
  You wouldn't know either. So this is the perfect company
• 56:39
  whose business model essentially has been made obsolete, but they
• 56:43
  have the ability to pivot to becoming a Bitcoin holding
• 56:47
  company and taking advantage of the vast cash reserves that it
• 56:52
  has on hand, right? So, I mean, this is a no
• 56:55
  brainer. I think This is why it's
• 56:57
  happening. And it seems like the CEO, Mr.
• 57:01
  Cohen, you know, had a very productive conversation with
• 57:06
  with Michael Saylor. And I'm very bullish on on
• 57:09
  GameStop stock, man. I think it's going to do really
• 57:11
  well if they really double down. If it, if I were me, if I were
• 57:15
  in that situation, I would just smash by the $4.75 billion, just
• 57:19
  like, you know. Anyhow, Opti, what's your take
• 57:23
  on this, bro? What do you think?
• 57:26
  Yeah, exactly. Some people on the chat are
• 57:28
  agreeing with you. I'll pull that up.
• 57:29
  Opti, what are your thoughts? What about these?
• 57:32
  Yeah, look, so I'm going to read some of these things.
• 57:34
  So the other realization that his business model was doomed is
• 57:37
  one of the most important things people should read.
• 57:40
  It just it, it wasn't just micro strategy.
• 57:42
  It's most Western businesses. Watch his interviews, OP, the
• 57:46
  Nikko PlayStation and Xbox. I'm an Xbox guy.
• 57:49
  I actually started the PlayStation guy though.
• 57:53
  Here is Satoshi. Satoshi 21 says total zombie
• 57:59
  companies 100% and they pivoted to Bitcoin holding companies.
• 58:04
  Where is this one? GameStop needs to pivot their
• 58:07
  retail stores to focus on Bitcoin and Bitcoin products.
• 58:10
  Hardware wallet stamps. That would be such a great idea.
• 58:12
  It'd be dope to have an expert that normies could go to and
• 58:15
  talk to in person. That's a great business idea
• 58:17
  actually, any any how. Wait, that's Bitcoin way.
• 58:22
  What are you talking? About never mind, never mind, I
• 58:25
  must have heard a different all right.
• 58:26
  Anyways, my thoughts on. This Bitcoin way?
• 58:29
  Bitcoin way is online. It'd be dope.
• 58:31
  Do you think Bitcoin way is going to?
• 58:32
  Oh OK, I see I misheard. Bitcoin way, I mean Bitcoin way
• 58:36
  will eventually pivot to brick and mortar, but Bitcoin way is
• 58:40
  is all online man. OK, I've misheard it and.
• 58:42
  Then definitely go check out Bitcoin way they're they're
• 58:44
  absolutely. Awesome.
• 58:44
  OK if. You guys have any questions
• 58:46
  about how to take self custody etcetera, etcetera, etcetera.
• 58:49
  Anyways, Opti, what are your thoughts?
• 58:50
  Yeah. Well, First off, I know when the
• 58:52
  GameStop news, and I'll be brief because we did cover this, but I
• 58:55
  know when the GameStop news came out, everyone was like why don't
• 58:58
  they just smash by their $4.5 billion of cash into Bitcoin?
• 59:02
  Why are they doing a 1.3 billion convertible stock?
• 59:05
  And it's like, hey, why would you want to spend your own money
• 59:08
  when you can spend other people's money to buy Bitcoin?
• 59:10
  So kind of a smart move here. I I would say, but I think ever,
• 59:15
  I mean, this is basically, I think in the last week or so, we
• 59:18
  did kind of get some, some new developments on this story.
• 59:21
  Obviously when this announced, the price kind of went up and
• 59:23
  then it instantly got shorted. There was some some shenanigans
• 59:27
  going on behind the scenes. There was a lot of off market
• 59:29
  short trades going on and people were wondering what's going on.
• 59:32
  And then the price kind of dumped and people, you know, the
• 59:35
  GameStop people, I like the coin.
• 59:37
  People are like, or I like the stock.
• 59:39
  People are buying it. And it seems like GameStop and
• 59:43
  Ryan Cohen are seemingly kind of moving towards GameStop, maybe
• 59:48
  not having physical locations anymore and just being like a
• 59:51
  pure hedge fund play backed by Bitcoin, which I think would be
• 59:55
  crazy. It's a Bitcoin holding company.
• 59:57
  Yeah, exactly. So, you know, I, I think though
• 1:00:01
  that very interesting aspect of this is something we've been
• 1:00:03
  saying for a long time on the show.
• 1:00:05
  Now, once we get another Michael Saylor coming into the market,
• 1:00:09
  there's not that there's not that much room for big guys to
• 1:00:12
  come in and stack this much Bitcoin.
• 1:00:14
  So if they smash by, you know, 1.3 billion, maybe another 4.5
• 1:00:18
  billion in cash, I don't know where all this Bitcoin is coming
• 1:00:22
  from. There is not that much room for
• 1:00:24
  big whales like this to accumulate this much Bitcoin.
• 1:00:27
  And of course, we have Larry Fink's BlackRock scooping up
• 1:00:29
  like the supply shock has to be here soon.
• 1:00:33
  What's up, Moaz, mother of all supply shock coming?
• 1:00:36
  I don't know. I don't know where all this
• 1:00:37
  bitcoin's coming from. I don't know.
• 1:00:39
  I mean, I think that's what Adam was saying.
• 1:00:42
  Adam Back's tweet was saying that I was reading earlier on
• 1:00:45
  the show. You know.
• 1:00:47
  Or was it here most epic bull market in terms of news, worst
• 1:00:51
  bull market in terms of Pete Rosa agrees with me and then
• 1:00:54
  Adam back to surprising amount surprising amount of sellers
• 1:00:57
  given the persistent buying buyers buying 5X mine supply,
• 1:01:01
  but ultimately they can only sell once again.
• 1:01:04
  There's only so much Bitcoin to to to be able to buy, right?
• 1:01:08
  So who's? Selling all this anyhow.
• 1:01:10
  Or could it be paper Bitcoin I mean.
• 1:01:12
  Do they even have the Bitcoin I? Mean like with that much
• 1:01:16
  centralized custody of Bitcoin, all the ETFs have their Bitcoin
• 1:01:22
  custody with Brian Armstrong, a Ledger in his night stand and
• 1:01:27
  Michael and that's a joke. And Michael Saylor, you know,
• 1:01:30
  again he has his Bitcoin custody with.
• 1:01:35
  He has his Bitcoin custodied with with Coinbase as well.
• 1:01:38
  They could be re hypothecating that could be the case anyway,
• 1:01:42
  Set says, hence why the strategic reserve was
• 1:01:45
  confiscated BTC. Anyways, I'm going to pass it on
• 1:01:48
  to Wade. Wade, what are your thoughts
• 1:01:50
  here? What are your thoughts on
• 1:01:51
  GameStop potentially pivoting to a Bitcoin holding company?
• 1:01:56
  I think this is great. The I love the, there was a Luke
• 1:01:59
  Royals video that came out recently where he talks about
• 1:02:02
  how the alt season's dead and Sailor has successfully
• 1:02:06
  securitized Bitcoin and he has. So now you go from unregistered
• 1:02:10
  securities that nobody likes, nobody wants to have anything to
• 1:02:13
  do with them because they're, they're like a hot potato and
• 1:02:15
  they're just pivoting over to, you know, Wall Street and
• 1:02:18
  everybody who can access the stocks are pivoting over to the
• 1:02:22
  securitized, you know, the, the registered securities.
• 1:02:25
  So this is, this is a great news.
• 1:02:27
  And as more companies do this, they're, it's kind of like a new
• 1:02:30
  alt season. It's still not like stacking
• 1:02:32
  your own Bitcoin, but you know, you can leverage it, you can do
• 1:02:36
  things with it that you might not be able to do with it with
• 1:02:38
  regular Bitcoin. Granted you don't have any of
• 1:02:41
  the ability to do anythings, any of the things you want to do
• 1:02:43
  with, with the security, you'd you're better off having Bitcoin
• 1:02:47
  so you can buy, sell, trade, whatever you want to do with it.
• 1:02:49
  But yeah, I think this is great. I think that I agree with Luke
• 1:02:53
  Boyles that this is could very well kill the all season
• 1:02:56
  pitches. So, so epic.
• 1:02:58
  It's about time Ethereum had a nail put in its coffin.
• 1:03:01
  So yeah. Absolutely.
• 1:03:04
  I mean, and you see how Ethereum's extremely poor
• 1:03:07
  performance, I mean absolutely getting crushed and you could be
• 1:03:11
  right. I think people are, are they're,
• 1:03:13
  they're trying to outperform Bitcoin outside the altcoin
• 1:03:17
  casino. They're using essentially these
• 1:03:19
  leverage Bitcoin plays that a lot of these holding companies
• 1:03:23
  are acting like, right, like MicroStrategy, like Metaplanet
• 1:03:27
  and potentially GameStop. I mean, I'm bullish on GameStop,
• 1:03:31
  bro. I I don't know if I would sell
• 1:03:32
  my Bitcoin in self custody, but I'm bullish on GameStop as a
• 1:03:36
  stock and I'm going to be looking at it as an observer
• 1:03:39
  anyhow. Guy Objective observer, because
• 1:03:42
  we're objective journalists here.
• 1:03:44
  Exactly, Opti just called himself a journalist.
• 1:03:48
  That's the troll. That's the troll, obviously.
• 1:03:50
  All right everybody well guys, we still have a jam packed show
• 1:03:53
  for you guys. We're going to be talking about
• 1:03:54
  Bitcoin Alaska Conference is coming up in Alaska and of
• 1:03:59
  course, Wade is the organizer. So if you guys want to find out
• 1:04:02
  more information about Bitcoin Alaska, go to bitcoinalaska.org.
• 1:04:06
  If you guys are enjoying the show so far, make sure to smash
• 1:04:08
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• 1:04:10
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• 1:04:14
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• 1:04:18
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• 1:04:26
  live between YouTube and X Smash that like button.
• 1:04:30
  We are going to hit the culture segment.
• 1:04:33
  We will be right back. I want to give a shout out to
• 1:04:37
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  As the first ever public miner, Hive's position to quadruple
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  on the store. Anyhow, I do want to welcome our
• 1:07:27
  guest today. We got Wade in the house, Opti,
• 1:07:30
  it's all yours. Yeah, let's go.
• 1:07:33
  Excuse me. So Wade, let's just talk about
• 1:07:36
  the, the general idea. When is Bitcoin Alaska?
• 1:07:39
  What are you guys working on? And then we'll go with some
• 1:07:41
  sneak peeks. Our boy Rustin's going to be
• 1:07:43
  there. We're super hyped for Rustin to,
• 1:07:45
  to go out there. We're we're really trying to
• 1:07:47
  make sure he doesn't go too crazy on your stage.
• 1:07:49
  So let's just do a, a general Bitcoin Alaska plug.
• 1:07:52
  When is it? What will you be covering?
• 1:07:54
  And then we'll kind of dive into the the different, the different
• 1:07:58
  ideas and stuff you're going to be talking about.
• 1:08:00
  So the full conference begins on July 1 and it runs through the
• 1:08:03
  end of the close of business, July 6th.
• 1:08:06
  We're there's a few different philosophies that we're we're
• 1:08:09
  trying to incorporate in this conference and unique Juno is a
• 1:08:13
  unique community in that we have more policy here than probably
• 1:08:16
  any other community in the country and we're landlocked.
• 1:08:19
  So with Juno, you have Alaska State Capitol, you have the
• 1:08:24
  executive agencies, commissioners, you have the
• 1:08:26
  Alaska Retirement Management Board that handles our our State
• 1:08:31
  of Alaska retirement plans. We have the Alaska Permanent
• 1:08:34
  Fund Corporation that that manages an $80 billion sovereign
• 1:08:37
  wealth fund. We have a bunch of Native
• 1:08:41
  corporations, Lincoln and Hyda being, as I understand it,
• 1:08:44
  they're the the head of a lot of the Southeast Alaska Native
• 1:08:48
  corporations. So, so you're looking at several
• 1:08:50
  $100 million plus corporations here based out of Juneau, a lot
• 1:08:54
  of the unions throughout the state based in Juneau.
• 1:08:57
  And all this is packed into a community with about 30,000
• 1:09:01
  people and no roads in or out. So you have to fly in or out.
• 1:09:04
  So by bringing Bitcoiners here to Juno, I believe that we can,
• 1:09:08
  we can disproportionately affect policy rather than being like,
• 1:09:11
  if you go to a big city, a concrete playground, you, you
• 1:09:14
  may not infiltrate the policy side.
• 1:09:17
  Whereas with bitcoins living among the Bitcoiners, living
• 1:09:20
  among the locals here for a few days, we I think we have a a
• 1:09:24
  bigger impact on the state of Alaska policy as a whole.
• 1:09:28
  Love it, love it. And, and Nico's been really big
• 1:09:30
  on this idea of big corners infiltrating policy and the
• 1:09:33
  importance of this. So I think you were mentioning
• 1:09:35
  it earlier to us. Was it the mayor that might show
• 1:09:39
  up? I haven't had any anything from
• 1:09:44
  the mayor yet, but the we have had people from within the
• 1:09:48
  statewide. Governor.
• 1:09:52
  We have an invitation out to the governor.
• 1:09:54
  Hopefully that's received well. We, we've done that in formal
• 1:09:58
  channels, We've done that in back channels.
• 1:10:00
  So, so hopefully we can penetrate his market and get him
• 1:10:04
  here as well as also very hopeful.
• 1:10:07
  Representative Baggage's office is excited about the conference.
• 1:10:11
  No, no confirmations yet. I probably shouldn't have even
• 1:10:14
  said anything. That's on me.
• 1:10:17
  That was on me. But but he his office is excited
• 1:10:22
  about it. And you know, there's this rumor
• 1:10:24
  that there might be a, an Alaska State resolution maybe at some
• 1:10:28
  point or something. I don't know what they've got
• 1:10:30
  going on. I know Senator Begich is working
• 1:10:32
  really hard on on Alaska and resources as a whole, not just
• 1:10:36
  as far as Bitcoin, but as in mineral resources, energy
• 1:10:41
  infrastructure, Like he's really bullish on the state of Alaska
• 1:10:46
  and, and Bitcoin could play a big role in that.
• 1:10:49
  Love it. Yeah.
• 1:10:50
  And, and let's talk about energy.
• 1:10:51
  I, I think energy is one of those kind of not flashy, you
• 1:10:57
  know, areas of Bitcoin. Obviously we wouldn't be here
• 1:11:00
  without the Bitcoin miners. And I've been saying for a while
• 1:11:03
  and, and people have different framings of this, but once
• 1:11:06
  Bitcoin or sorry, once oil is priced in Bitcoin, or I like to
• 1:11:09
  call it the petrosat like this is when it's game over for, for
• 1:11:13
  the, the worldwide market's adoption of Bitcoin.
• 1:11:16
  So can you talk about energy, the importance of energy and
• 1:11:19
  maybe you know what, what you guys got working up there in
• 1:11:21
  Juno? So in Alaska, Alaska's larger,
• 1:11:26
  you know, it's like a third of the US is landmass or a fifth.
• 1:11:28
  It's, it's just massive. We have so much energy up here,
• 1:11:31
  more than any other state. And, and, and we've handled,
• 1:11:35
  we've managed our energy differently than every other
• 1:11:37
  state. The back in I think it was 82,
• 1:11:40
  we started capping our oil wells rather than utilizing our
• 1:11:43
  natural gas. So all that, all that natural
• 1:11:46
  gas is just held underground. It hasn't ever been tapped.
• 1:11:51
  We have no way of bringing it to market.
• 1:11:53
  Well, until recently. Now we're going to be, I
• 1:11:55
  believe, shipping it, a lot of it to Southeast Asia.
• 1:11:58
  But what's more expensive, shipping it or monetizing it on
• 1:12:01
  site? Sometimes it may just be better
• 1:12:03
  to drop a data center or Bitcoin miner on top of that and just
• 1:12:07
  mine Bitcoin. You don't have to worry about
• 1:12:09
  the the cooling of your the cooling of your miners here in
• 1:12:14
  Alaska if you're on the North Slope.
• 1:12:17
  So why not it? I think that the estimated
• 1:12:21
  amount of natural gas in the state of Alaska is 30 petawatts.
• 1:12:27
  So for anybody who understands what a petawatt is, 1 petawatt
• 1:12:31
  is 1 quadrillion watts. So it's hard to even fathom how
• 1:12:37
  large that number is. And besides, you know, that's
• 1:12:41
  just natural gas. There's also the oil.
• 1:12:44
  We have the largest coastline in the country.
• 1:12:47
  We've got geothermal. One of the geothermal sites
• 1:12:52
  could produce one of the geothermal recommended sites
• 1:12:54
  that they're thinking about putting in could produce a
• 1:12:57
  continuous 5 megawatts. It's a lot of energy here in
• 1:13:01
  Southeast Alaska. We're in a temperate rainforest.
• 1:13:03
  So we have we, we pretty much run on hydro.
• 1:13:06
  The Juno, Greens Creek, Kensington Mine all run on the
• 1:13:10
  hydro off of out of South of Juno.
• 1:13:14
  We've got a dam. So it it's insane and the amount
• 1:13:18
  of rivers and streams that pour out of Southeast Alaska, I don't
• 1:13:22
  know if somebody wanted to just get off the grid and they could
• 1:13:26
  get a hold of a little bit of property, you know, buy a
• 1:13:29
  stream, get some permitting with.
• 1:13:31
  Division of. Habitat and drop a small turbine
• 1:13:36
  in a stream, you can just sit there and mine.
• 1:13:39
  So I just think Alaska has a big part to play when it comes to
• 1:13:43
  energy, but even more so like the financial aspect.
• 1:13:47
  Alaska has, just like every other state, we've got unfunded
• 1:13:50
  liabilities and Bitcoin mining and Bitcoin as an asset could
• 1:13:56
  solve a lot of those problems. Don Bay hopefully that's that's
• 1:13:59
  one of the things I hope he talks about when he comes up
• 1:14:00
  here and I know he's going to talk about when he comes up
• 1:14:02
  here. That's what he talks about.
• 1:14:05
  The Alaska Permanent fund. We've been watching that get
• 1:14:11
  utilized for state government for a little while now.
• 1:14:14
  It it the permanent fund was. Established as basically a.
• 1:14:20
  It's a like a four O 1 KA sovereign wealth fund that
• 1:14:23
  invests in different assets and and as it appreciates, you know,
• 1:14:26
  there's a percentage of it that gets kicked back to this loss to
• 1:14:30
  residents. And it's a way to show the
• 1:14:33
  residents that we are owners of the resources of the state of
• 1:14:36
  Alaska. But now recently, I think
• 1:14:39
  starting in around 2017 ish, they, the legislature started
• 1:14:44
  pulling those funds from the permanent fund from what would
• 1:14:47
  go to the residents and giving it back to the state government.
• 1:14:50
  The downside of doing this is it doesn't benefit the Alaska
• 1:14:54
  residents. The, the argument they make is,
• 1:14:57
  is shallow. They say, well, the permanent
• 1:15:00
  fund used to be $300.00 per resident, but now it's $2000 per
• 1:15:03
  resident. So we're going to take, you
• 1:15:05
  know, part of that difference. But what they're not talking
• 1:15:08
  about is the fact that the reason it's gone down in value
• 1:15:10
  is because we've inflated like $3000 today is $300.00
• 1:15:15
  yesterday. So it's disproportionately
• 1:15:17
  affecting the residents. And then state of Alaska also
• 1:15:20
  has remote villages. Until you're up here and you
• 1:15:22
  understand what a remote villages is like, it's hard to
• 1:15:26
  fathom what the energy cost is in a micro grid location of a
• 1:15:31
  village in remote Alaska. So Bitcoin could not only solve
• 1:15:36
  a lot of the the issues with Permanent fund and as an
• 1:15:39
  investment in the sovereign wealth fund and how it helps
• 1:15:42
  Alaskans, it could solve our retirement issues.
• 1:15:45
  It could help build out our energy infrastructure.
• 1:15:48
  There's so many things that we could gain from Bitcoin in
• 1:15:52
  Alaska, not just my e-mail, all aspects of Bitcoin.
• 1:15:55
  That's awesome, dude. I mean, yeah, I.
• 1:15:58
  I, I, I, I, I went to Alaska when I was younger.
• 1:16:02
  I did the whole Alaska cruise. And what what I know about
• 1:16:05
  Alaska is that it's very energy rich, right?
• 1:16:09
  And The thing is though, when just because a location is
• 1:16:14
  energy rich doesn't necessarily translate to prosperity, because
• 1:16:19
  what tends to happen is a. Lot of these.
• 1:16:22
  Energy rich areas tend to be extremely isolated and just
• 1:16:26
  energy in general is very difficult to transport over long
• 1:16:30
  distances. And this is like perfect for
• 1:16:32
  Bitcoin miners. This is like it's the ideal
• 1:16:35
  situation. And not only that, you don't
• 1:16:38
  have to pay for cooling because it's pretty cold up there
• 1:16:40
  sometimes, right? And these microwaves that make a
• 1:16:44
  lot of noise and they create a lot of heat and they mine sweet,
• 1:16:48
  sweet Satoshi's, you know it. I can definitely see Alaska, you
• 1:16:52
  know, and I haven't seen any of the sites or any of the
• 1:16:55
  specifications, but just from like a bird's eye view, I could
• 1:16:58
  definitely see Alaska's as a potential hub for Bitcoin
• 1:17:01
  miners. And then, you know, the
• 1:17:03
  prosperity that comes along with that, right?
• 1:17:06
  Whether it's job creation or just being able to really build
• 1:17:09
  out, you know, power infrastructure in these
• 1:17:13
  otherwise very isolated energy pockets, right?
• 1:17:17
  So, yeah, that's incredibly awesome.
• 1:17:20
  Wade and I, I, I'm sure that, you know, I'm sure that there's
• 1:17:25
  a lot of Bitcoiners are excited for the upcoming conference and
• 1:17:28
  I agree. Like what better way to plant
• 1:17:31
  your flag and to essentially create leave my toasters alone
• 1:17:35
  to create awareness for, you know, what you guys are trying
• 1:17:39
  to do on the legislative level than throwing a Bitcoin
• 1:17:42
  conference, right and, and just creating awareness there.
• 1:17:46
  Now, I know that a congressman from the state of Alaska's an OG
• 1:17:52
  Bitcoiner, I believe he might be able, he might be making an
• 1:17:57
  appearance at the conference. And he was a cosigner to the the
• 1:18:02
  Bitcoin Act that was just recently reintroduced by the
• 1:18:06
  Bitcoin senator, Senator Cynthia Lummis.
• 1:18:08
  I don't know if you want to add to that, Wade, but I thought
• 1:18:11
  that was pretty cool. Yeah, we're, we're very hopeful
• 1:18:13
  he'll he'll make it here. Maybe they'll be a big
• 1:18:16
  announcement at the conference like there was in Nashville with
• 1:18:19
  when Trump showed up. Who knows We I guess we'll see.
• 1:18:24
  We've got a couple months out before the conference.
• 1:18:26
  For those who are coming, I strongly suggest you book your
• 1:18:29
  lodging because you know, there's only so many hotels in a
• 1:18:32
  town of 30,000 people. And you know, when we start to
• 1:18:35
  get big energy from the state of Alaska showing up at the
• 1:18:38
  conference, you know, I met with heads of one corporation that is
• 1:18:45
  looking at build, building out 500 MW power plant using,
• 1:18:48
  utilizing clean energy coal and recapturing the nitrogen just
• 1:18:54
  that's just 1500 megawatts. And they're talk and they didn't
• 1:18:58
  have a way to bring it to market.
• 1:18:59
  They were looking at powering different mines around the, the
• 1:19:02
  region that they were in. But they're talking about data
• 1:19:05
  centers, AI, Bitcoin mining. And it was really, it was really
• 1:19:09
  fun meeting with these gentlemen.
• 1:19:11
  But that's just like what? How many big energy companies do
• 1:19:14
  you think there are in Alaska? I'm sure if anybody guessed
• 1:19:17
  they'd have their numbers would be low.
• 1:19:20
  Yeah, absolutely, 100%. Guys, get your get your, your,
• 1:19:26
  your lodging situation figured out.
• 1:19:28
  Get your tickets to Bitcoin Alaska.
• 1:19:30
  It's definitely in a great, it's going to be a great time.
• 1:19:32
  I want to go down. I want to go through the
• 1:19:34
  schedule up to if you could zoom in a little bit.
• 1:19:37
  So Tuesday the 1st there's going to be a back Bitcoin veterans
• 1:19:43
  run the forge. Then on Wednesday there's going
• 1:19:47
  to be an Orange Hatter Bitcoin picnic and the Bitcoin or
• 1:19:51
  karaoke. Bitcoin karaoke is going to be
• 1:19:54
  featuring Dom Bay and the coin father.
• 1:19:56
  So it's going to be absolutely awesome.
• 1:19:58
  Thursday is going to be the reception cruise.
• 1:20:00
  I believe that's we're going to go whale watching and stuff.
• 1:20:04
  Woman of Bitcoin late brunch, 4th of July fireworks 4th of
• 1:20:08
  July parade on Friday the 4th of July.
• 1:20:12
  Saturday is going to be conference day one and bizarre,
• 1:20:15
  and Sunday is going to be conference day 2.
• 1:20:18
  So definitely don't want to miss this guy's Bitcoin Alaska.
• 1:20:22
  Go to bitcoinalaska.org to find out more information.
• 1:20:25
  The Simply crew will be there. We're going to have two members
• 1:20:30
  and it's going to be a great time and potentially me and Opti
• 1:20:33
  if, if we can make it, but guys definitely don't want to miss
• 1:20:36
  this. Ruston's going to be holding it
• 1:20:38
  down and it's going to be a great time.
• 1:20:41
  So and, and hopefully we can get you some of this, some of these
• 1:20:44
  keynotes and stuff from the Simply Bitcoin channel.
• 1:20:47
  We'll be dropping it so you guys could see it.
• 1:20:49
  Alex Gladstein's going to be having a keynote.
• 1:20:51
  It's going to be absolutely awesome.
• 1:20:53
  And I believe him and Rusted might be having a fireside chat
• 1:20:56
  as well. So guys definitely don't want to
• 1:20:58
  miss Bitcoin Alaska. Go to bitcoinalaska.org For more
• 1:21:02
  information if you guys enjoyed today's Simply Bitcoin.
• 1:21:04
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• 1:21:14
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• 1:21:17
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• 1:21:20
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