Latest / Simply Bitcoin / BILLIONAIRE Predicts That $150K Is Still Coming Sooner Than You Think | EP 1365

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BILLIONAIRE Predicts That $150K Is Still Coming Sooner Than You Think | EP 1365 · Simply Bitcoin

0:00
Yo, the price of Bitcoin is dumping, but billionaire Michael
0:05
Saylor still thinks we're going to see 150K by the end of the
0:09
year, and he's even doubled down on his 2029 Bitcoin predictions.
0:15
Does he know something that we all don't know?
0:18
Anyways, check out this latest clip from I think it was called
0:21
Money 2020. Let's check it out.
0:23
And then of course, me and Opti will talk about it.
0:26
And of course, I'm happy to be back.
0:29
About where you see Bitcoin hitting at the end of the year
0:31
and then a year from now when we're back at this conference?
0:34
Well, I think Bitcoin's going to continue to grind up.
0:37
I think the volatility is coming off of it as the industry
0:41
becomes more structured with more derivatives and more ways
0:44
to hedge it. Our, our expectation right now
0:48
is the end of the year. It should be about $150,000.
0:51
And that's the consensus of the equity analyst that cover our
0:55
our company and the Bitcoin industry right now.
0:58
I don't know why it won't grind up to $1,000,000 a coin over the
1:02
next 4 to 8 years. I would think not less than 4,
1:06
not more than 8. And of course, my long term
1:09
forecast is it goes up about 30% a year for the next 20 years and
1:14
we're headed toward $20 million Bitcoin.
1:17
Michael, thank you so much. Yeah, my pleasure.
1:19
That's right. That's Michael Saylor's latest
1:21
interview for Money 2020 that was recorded on October 27th of
1:26
2025. And again, just to give a quick
1:29
recap, Saylor said 150K by the end of the year, which I think
1:34
is quite conservative, $1,000,000 over the next 4 to 8
1:38
years and $20 million over the next 20 years.
1:43
Nobody's got time for that though anyways, so I do want to
1:47
share this this this chart just to kind of show you guys, we are
1:51
in uncharted territory. We have not, this is not normal
1:56
for Bitcoin to do these things. I think a lot of the uncertainty
2:00
that a lot of people feel, a lot of the desperation that we see
2:03
on Bitcoin X was with this anticipation of the usual cycle
2:08
playing out. So what do I mean by that?
2:11
3 green, three years green, one year's one year red.
2:15
We had a fantastic 2023, we had a great 2024.
2:19
But historically what tends to happen is that Bitcoin peaks the
2:23
year after the halving. Well, it's been the year after
2:26
the halving. When Donald Trump was
2:27
inaugurated, the price of Bitcoin was at $109,000 per
2:32
coin. Fast forward ten months later.
2:35
That's right, we're all 10 months older and Bitcoin is
2:38
currently sitting at $108,000 per coin.
2:43
It's $1000 less than when Trump was inaugurated.
2:47
This was not the promise that was made to us during the
2:51
Bitcoin Conference of 2024. Now, I got my own theories as to
2:55
why this is happening. I'll get to those.
2:58
During the new segment, we got a jam packed show.
3:00
But first, I do want to show you guys this.
3:02
Again, this is unprecedented. This never happened before in in
3:07
bitcoins bitcoins history, so let's take a look at bitcoins
3:12
monthly returns. This goes back all the way back
3:14
to 2023. October, or as everyone calls
3:18
it, October has tended to be one of the best performing months in
3:23
bitcoins history, especially the year after the halving.
3:26
As things currently stands, Bitcoin looks like it actually
3:31
might have a red October. I think that's the name of a
3:33
movie actually. So with Sean Connery and stuff.
3:38
So Bitcoin might have a red October, not a green October.
3:41
Now this person's putting things together that I think I, I just
3:46
don't there. I don't think there's any type
3:47
of correlation, but the last time this happened was
3:50
20/18/2018 was the year of a bear market.
3:54
It was the year after 20/17/2017 was explosive.
3:58
We went from 1:00, $1000 to we ended the year with $20,000.
4:02
And then of course, 2018 was the bear market year.
4:06
Now the bear market year is supposed to start in 2026 if we
4:10
are to follow the halvings, I mean the previous cycle halvings
4:14
and all that stuff. But I mean, if it follows the
4:18
pattern of 2018, we're in for a world of pain in November.
4:23
That's right. It hasn't stopped yet.
4:26
And another thing that I was talking to Opti about is if you
4:29
take a look at the Wall Street CHEAT SHEET, something that Opti
4:32
and I have been talking about for quite a while now.
4:35
We we haven't even you know, we didn't even enter the euphoria
4:38
phase this cycle. Like it, there was no euphoria
4:41
phase. It just went from hope belief to
4:44
straight despair and anger. We skipped all the good parts,
4:48
right? And this is what what Michael
4:50
Saylor was talking about, you know, when he was basically
4:53
saying like, look like, you know, the volatility has been
4:57
taken because of the institutional interest and
5:00
stuff. And it just kind of reminded me
5:02
of this meme that this person posted, I think is extremely
5:04
fitting towards the situation. So the Wall Street psychology of
5:09
a, of a market. So Opti and I were talking about
5:12
this a couple months ago, right before October.
5:14
We started October super strong. We hit an all time high and then
5:19
I had a feeling like I had a feeling, 'cause this cycle's
5:21
been really strange and really weird since the institutions got
5:25
involved. And I put a lot of thought into
5:27
this last night. We're gonna be talking about it
5:29
during the news segment. We're gonna be doing a more of a
5:31
deeper dive. But since the institutions got
5:34
involved, Bitcoin has been acting different.
5:37
It's, it's, it's, it's a different game.
5:39
Wall Street is involved now. Wall Street wants your coins.
5:42
And I think Wall Street has a way of getting your coins, which
5:45
is boring you until you, you know, you start, you know,
5:49
playing games with them, You know, whether that's investing
5:52
in in other assets and and other stuff while they pack their
5:56
bags, right. I have another theory as to why
5:58
this is happening as well. But you guys, you guys are going
6:00
to want to stay tuned till I get to that.
6:02
If you guys are enjoying the show so far, of course, smash
6:05
that like button and hit subscribe.
6:06
It really, really helps getting the orange signal forward.
6:10
But anyways, let's let's take a look at this meme.
6:12
So starting the disbelief phase, this rally will fall like fail
6:16
like all others, then hope a recovery is possible.
6:20
Then optimism, belief, thrill, euphoria, complacency, anxiety,
6:23
denial, panic, capitulation, anger, depression, deeper
6:25
depression. So like we went from disbelief
6:29
hope to when we hit all time highs, I would say maybe the
6:32
beginnings of optimism. And then we went straight to
6:36
anger depression, deeper depression, wrecked rector,
6:39
ultimate wrecked ultimate Rector annihilation, you know, dinosaur
6:44
extinction event event, you know, again, this is supposed to
6:48
be October. We never got it.
6:51
But at least there is a silver lining.
6:53
You know, we had the FOMC meeting yesterday and you know,
6:57
Powell once again lowered rates, but he also threw a lot of
7:00
uncertainty in the end markets. He said that there it it's not
7:03
100% certain that he's going to lower rates in December, but he
7:06
did mention that QT was going to was going to end in December.
7:12
So money printer go Burr, which I think is a positive thing.
7:17
Here is another post that kind of breaks down how Bitcoin
7:21
performed over 12 months around Fed policy shifts and it breaks
7:25
it down. Start of QE 2012, it goes up
7:29
900%. End of QE 2014 goes down 2021%
7:34
start of QT. So quantitative tightening goes
7:37
up 40 percent, 45%. End of QT goes up 16%, start of
7:42
QE 2020 goes up 1080%. You imagine, ladies and
7:47
gentlemen, Bitcoin going up 1000%.
7:50
I remember those days. I think those days might be long
7:52
gone. Opti, I don't know what you
7:53
think. End of QE -45% start of QT up up
8:00
20%. End of QT, December 2025,
8:03
incoming rocket ship. Every Bitcoin bull run starts
8:07
with liquidity. I mean, we shall see.
8:10
And then I'll end it with this before I pass it on to Opti.
8:12
We'll open up the conversation, the fee, the fear and greed
8:16
index. It's actually been quite
8:17
accurate in kind of predicting the UPS, the, the valleys and
8:23
the peaks, right? So you know, every single time
8:26
we've had this kind of like a run up, you know, you have, you
8:29
have greed in the market, right? Last time, this was the
8:33
beginning of 2024, right? We went into the greed section.
8:37
Then we kind of went sideways for I think this was like 6
8:40
months. It was absolutely grueling.
8:42
And then we actually had some upward price action, believe it
8:45
or not. We went from 66 K to $100,000 a
8:49
106,000 dollars and we went into the extreme greed territory.
8:53
We started consolidating a bit we went into fear.
8:57
That's right. That was in the beginning.
8:58
That was in the middle of the year when we went from 109 K
9:02
down to 76 K. We entered into the extreme
9:05
greed territory and then we started going back up and then
9:09
we hit an all time high of $126,000.
9:13
But as we stand today, we're back in the fear side of things.
9:18
So if history shows every time we're and the fear thing or fear
9:22
side of things and the fear the fear and greed index, things
9:26
look, seem to look positive heading into the future.
9:29
So anyways, that's kind of the breakdown.
9:32
Michael Saylor, obviously still ultra, ultra mega bullish.
9:35
I mean, his, his entire company is riding on the future fate of
9:41
Bitcoin. So yeah, of course he's going to
9:43
be bullish. But his the TLDR and his
9:46
predictions are again, 150K minimum by the end of this year,
9:50
$1,000,000 he predicts by the next 4 to 8 years and then $20
9:55
million over the next 20 years. But I'll say it again, nobody
10:00
got time for that. So yeah, man, I mean, this is
10:04
pretty crazy. Happen to be back in the studio
10:06
here in Miami Beach. I'm happy to be back with all
10:08
you guys. I was travelling, I was in
10:10
Montreal. I went to Lugano in Switzerland.
10:14
Shout out to the Plan B Forum and the tether team.
10:16
They throw an amazing conference.
10:17
So that was a whole lot of fun. We're going to be talking about
10:19
that during the culture segment. But man, oh man, why am I
10:25
getting a call? Silence your cell phones, ladies
10:27
and gentlemen. But yeah, you know, this is this
10:31
is a pretty interesting Opti. I think, you know, Bitcoin has a
10:35
way of taking expectations and just grinding them down, I would
10:39
say. And I think a lot of people were
10:42
expecting October. You know, I think October is
10:46
very famous in Bitcoin circles. And you know, this is, you know,
10:53
this is, this is, this is uncharted territory.
10:56
As I showed in the in the chart, we, we've never, we've never
11:00
experienced this before, man. So.
11:02
It is no longer October, it is just wrecked over or Oct over.
11:07
This is it's absolutely it's over guys.
11:11
No, I mean, first of all, I I do want to talk about the sailor
11:14
clip and then you guys are asking for the macro Opti take
11:18
on this. First off, I didn't sailor for a
11:21
while. He was a lot more bullish there
11:23
earlier during the year. I think he was saying like 200 K
11:26
and it is interesting that now he's saying 150K.
11:29
So I don't know if he's actually get becoming more bearish here
11:32
or is this just some bullish optimism right now?
11:36
And I know this came out a few days ago.
11:38
The price has been lackluster to say the least.
11:42
It it's been a a pretty rough October overall.
11:47
I, I'm, I don't really agree with the, the bearish take that,
11:50
that we're going to see a, a negative November, but who knows
11:55
what's going on. I, I think the take away here
11:58
and, and Nico said he's going to talk about this a little more.
12:01
I think the take away here is we are being bored, like bored to
12:04
death here. I think this is what's going on.
12:07
Obviously I've been making the case that since we saw the black
12:11
rocks and the other institutions in the nation state start to
12:14
come into Bitcoin, you got to remember they are coming late to
12:18
the party and most of the coin is being held by self custody by
12:23
individuals. And so how or you know, what is
12:27
the mechanism for them to acquire as much coin as they
12:30
claim to? Obviously they don't want to buy
12:32
these at high prices. So I think they are trying to
12:35
shake everyone out. I, I think it's pretty obvious
12:38
at this point that they're trying to shake out the weak
12:40
hands here. Even the long term believers,
12:43
we're getting bored to death here.
12:45
And, and the more that I feel that everyone is getting
12:48
bearish, the more I, I start to get maybe contrarian and I think
12:52
it's going to go up. So I still have hope end of
12:55
year. I think 150K is a conservative
12:57
bet. Obviously at this point, Nico,
12:59
you know, the $1,000,000 predictions, we're just like,
13:03
I'm tired, boss. Can can we just see some action
13:06
by the end of the year? At this point, I don't really
13:08
care what's going to happen in four, 820 years.
13:11
It's just like what's going to happen this year.
13:14
But with all that being said, it is very interesting that, well,
13:19
actually, will you pull up the the Wall Street CHEAT SHEET
13:22
again? Because we were laughing about
13:24
it earlier guys, where we got no euphoria a couple of months ago,
13:29
maybe like before October, I think it was, we were yeah,
13:33
let's pull this up. So zoom in a little bit on on
13:35
the actual, if you can, on the actual Wall Street CHEAT SHEET
13:39
and not just the the meme part of it.
13:42
OK, anyways, OK, anyways, here maybe maybe I'll pull one up.
13:46
I'll pull one up real quick. But it is very interesting that
13:51
last time we kind of pulled this up or rather, you know, a few
13:54
weeks ago when Nico was still here, we were getting kind of
13:58
bullish and we and we thought that potentially we were in the
14:01
hope and optimism stage here. I got it.
14:06
And now it seems like we just completely oops, we're getting
14:13
crazy over here. It looks like we have completely
14:16
bypassed the thrill and euphoria blow off top.
14:23
We were in that hope stage. Then maybe the optimism.
14:26
I know I was on here like we're in optimism.
14:28
The rally is real. It looks like we skipped all of
14:31
this fun part and we're just in anger.
14:35
Who shorted the market? Why did the government allow
14:37
this to happen? And soon enough we will be in
14:40
depression. So you know, that meme is I
14:43
think pretty on point. I, I, I still think 150K by end
14:48
of the year is, is still in play though.
14:52
I don't know if you guys saw, but this last drop guys it, it's
14:55
really kind of depressing, I'm not going to lie.
14:58
Like Bitcoin, as of now, we have underperformed the S&P 500 year
15:03
to date, S&P 500's up like 16 ish percent.
15:07
We're up 14 ish percent. So remember I've been telling
15:11
you guys trolling on the show, hey, it seems like we're trading
15:14
the S&P 500. Well, it seems as of now we're
15:17
trading something worse than the S&P 500.
15:19
We're barely beating inflation at this point, which it just, it
15:24
can't stay like this is all I'm really saying.
15:26
So the macro stuff guys, I, I told you this yesterday.
15:31
I, I told you that most likely after the SM, sorry, FOMC rate
15:37
cuts that we're probably going to see a dip.
15:40
It did dip lower than I thought it was.
15:41
I was thinking it was going to be kind of like the one O 9110
15:44
range. Obviously it went down to one O
15:46
7. Now it's kind of rebounded to
15:48
the one O 8 range and I do still think it's going to go up later.
15:53
Like we saw that usually when the rate cuts are announced, it
15:56
does dip a little bit something around like a 6 to 8%.
15:59
But in the short term following it about month or two after is
16:03
when we start breaking new all time highs.
16:05
So if that pattern still kind of plays out, I think we're still
16:08
going to go up and I know the depression that everyone's
16:11
feeling and kind of the just the complete boredom.
16:14
I, I think that's a sign of where we are in the market.
16:17
Obviously the, if you're in Bitcoin, as the classic meme
16:20
goes, it, it always feels dumpiest before it is pompiest.
16:24
And I think we are in the dump right now.
16:26
Now, I don't want to be the, this is the last, the last
16:29
capitulation dump because I've been saying that every time I'm
16:33
like the classic, all right, I buy this dip and then it dips
16:36
more and then you buy the dip and it dips more and you're just
16:39
like, OK, I'm finally out of money here.
16:41
So I don't know if this is the last dump, but it does it, it is
16:45
starting to feel like, OK, like we, we can't stay here for that
16:48
much longer. And again, I was telling you
16:50
this morning, Nico, you know, we're we're under the 200 day
16:52
moving average right now. We're underperforming the S&P
16:55
500. Like this is absolutely brutal.
16:58
This year has been completely uncharted waters.
17:01
But when you listen to what Jerome Powell said yesterday, on
17:06
one hand, it's extremely bullish in, in terms of asset prices.
17:10
They're going to go up because he basically admitted QT is
17:13
over. Obviously, he said that the
17:16
December rate cuts aren't fully priced in, but QT is ending
17:21
December 1st. And essentially what he's
17:24
saying, you know, like the translation, it's just math. the
17:27
Fed will print again. Now, there is kind of, I don't
17:31
know, a take that you could say here that it's not actually
17:35
going to be printed money. Like they're not going to inject
17:38
a bunch of money into the system.
17:40
But what they're doing is they're going to basically, you
17:43
know, add to their balance sheet.
17:45
And so technically, you could argue that it's not money
17:48
printing, but mechanically it is money printing.
17:51
And it really leans back into what Lynn Alden says.
17:55
They're not injecting liquidity into the system for growth.
17:59
They're literally preventing A collapse.
18:01
Like they can have to print money.
18:03
They are backed in a corner. They have to continue to print.
18:06
They're going to frame this however they want.
18:08
The narrative they want to spin on this is is always going to be
18:10
like, oh, we're not actually printing money.
18:12
We're not back into quantitative easing and practicality.
18:16
They're going to inject the system with more liquidity.
18:19
That's like the most obvious thing going on right now.
18:22
But in terms of Bitcoin, it is it.
18:24
It's just crazy to see what's going on with the price.
18:27
I I wanna read some of these comments before before you know
18:32
before we move on to the next segment.
18:34
So first too late. Powell never fails, which I
18:37
think is hilarious. I can't pronounce that name, but
18:41
he says and all the FUD Kiwis back Burr.
18:44
Nothing stops this training. Exactly.
18:47
Ron, who's been simply Bitcoin OG says this entire show has
18:52
been 1 long bottoms. True, true.
18:54
Hey, hey, Ron. Hey, Ron.
18:55
You, you were feeling the pain yesterday, bro.
18:57
Come on now here. Here's the signal.
19:00
Here's the signal. I think This is why, like, it's
19:02
been difficult for bitcoiners, right?
19:05
NASDAQ pumped all of of October. Well, I got something better for
19:10
you guys. RIP.
19:12
Gold pumped all of October. RIP.
19:16
So if gold and the NASDAQ are outperforming Bitcoin, right?
19:22
Pack it up boys, it's over. So.
19:26
There's a there's a lot of reasons as to, you know, there's
19:29
a lot of people that are speculating as to why this is
19:32
happening and we're going to get to all of that and more during
19:36
the show. But I do want to pull up this
19:39
this post by James Lavish first. So James Lavish here.
19:44
Let me switch that. There we go.
19:47
So James Lavish says good afternoon.
19:49
Things we heard from the Fed today Rate cuts by 25 basis
19:54
points. Though Fed may not cut again, it
19:57
will stop QT in December 3. Fed knows they will need to
20:01
expand bank reserves in the new in the near future.
20:05
Resume QE translated, it is just math. the Fed will print again.
20:10
Have a great night. But have we got in here as
20:13
Bitcoiners that were literally waiting?
20:16
And praying for the for the for the central Bank of the United
20:20
States to print money for Bitcoin to pump.
20:23
Well, well, I think we've actually been kind of flushing
20:26
this idea out on the show. I I think.
20:29
Yeah, of course, you know, and now bitcoiners are watching the
20:33
FOMC meeting. We used to make fun of it.
20:35
Now we like watch it because there has been this correlation
20:38
between Bitcoin and traditional financial products, you know,
20:42
NASDAQ, S&P 500, because the institutions are in Bitcoin.
20:46
Now, you have to remember it's a new investor.
20:49
So these people pay attention to what Jay Powell says.
20:53
This is how they basically are able to allocate their
20:56
resources. This is how they're able to
20:57
deploy their capital. So I think This is why we're
21:00
seeing this correlation right now is because Bitcoin has
21:02
become, you know, a legitimate macro asset.
21:06
And as much as I don't like to listen to Jay Powell, as much as
21:10
I really don't care about what the Federal Reserve does, people
21:13
that have a lot of capital are watching this.
21:15
And so I think that's why it's becoming more prevalent amongst
21:19
bitcoiners. That'd be my take.
21:21
Yeah, and I see a lot of people saying like, oh, you guys are
21:23
just, you know, you guys are just Downers.
21:26
Like what are you talking about? Yeah, they've been calling me a
21:29
bear and a flutter for a while. You guys are just Downers.
21:31
Like what are you talking about? Look like I'm just telling you
21:34
guys the the blunt facts, right? Like gold has outperformed
21:38
Bitcoin this year. That's blunt fact, number one.
21:42
Blunt fact #2 we've literally gone sideways for 10 months.
21:47
There's no other way of like, 'cause I know that like, I see
21:50
it a lot with a lot of people on X.
21:52
And the way they like, try to like, you know, they'll, they'll
21:56
say it a certain way and they'll be like, no, but this is what's
21:59
actually happening. And this is what's actually
22:00
happening. And the way I say it is like
22:02
look like no matter how way you want to spin it, the fact is, is
22:08
that Bitcoin has gone sideways for the last 10 months, right?
22:12
And the whole point of Bitcoin is NGU technology.
22:16
Anyone who tells you otherwise is lying to you and like the
22:22
price is the number one catalyst for adoption.
22:26
That's why people adopt Bitcoin. That's why Michael Saylor
22:29
adopted Bitcoin. That's why you know your, your
22:31
uncle, your your, your grandfather, your, your mother,
22:34
your father. Like you tell them for years
22:36
about Bitcoin. They don't listen to you.
22:37
And then eventually they they pile into Bitcoin.
22:40
The reason for that is simple number go up, right?
22:43
So number hasn't gone up for 10 months now.
22:46
The silver lining to this though, is that because we
22:49
haven't had a parabola, I don't think we're going to get a
22:53
crazy, crazy dump. But I could be wrong on that
22:55
too, right? Who knows?
22:57
But anyways, to end it here before we move on to the next
23:00
segment, here's the thing. The next two months we're really
23:03
going to find out what the F is going on in Bitcoin.
23:06
And I think in the first half of Q of of 2026, we're going to
23:09
find out as well. Is this an extended cycle?
23:12
A lot of people are talking about that we're going to be
23:14
talking about during the news segment.
23:15
And if it is an extended cycle, then we are in uncharted
23:19
territory. I've been saying, I think the
23:21
last couple of months that we've been in uncharted territory.
23:25
Bitcoin is not acting like it normally acts and I think the
23:28
reason as to why that is happening is because of the the
23:32
institutional involvement. I think since the approval of
23:35
the ETF in January of 2024, the fact that the Bitcoin ETF is the
23:40
most profitable ETF for BlackRock, things have changed.
23:45
Retail is nowhere to be found. If you look at Google trends and
23:48
you put in Bitcoin, we haven't even overtaken the 2021 all time
23:52
highs. So retail doesn't even know
23:54
Bitcoin exists. So this is completely driven by
23:58
institutions, so institutional demand for Bitcoin.
24:01
Now, the reason that I feel a little bit wary about that is
24:05
because again, I, I, I think that if most people just bought
24:13
spot Bitcoin and put it in self custody, I think we'd be at AI
24:17
think we'd be at 500 K by now. Like I'm not even kidding,
24:20
right? But I think we have like, you
24:22
know, I think we have a lot of these institutions.
24:25
You have a lot of these inflows that are saying people are
24:27
saying, I saw this, this post by George Bodine.
24:30
I do, I do really want to pull it up 'cause it relates to all
24:33
this. And he's basically saying like
24:36
the only reason that this is happening is because Ogs are are
24:44
selling Bitcoin and that's the primary reason as to why, you
24:50
know, the price is doing what it's doing.
24:54
So I don't know how you feel about that.
24:56
I don't know. I don't know what you guys think
24:57
about that. I'll, I'll share the screen
24:59
right now. Yeah.
25:01
The chat says they're going to have Peter Shifthouse next.
25:05
The number one question I keep hearing is quote, with all the
25:08
demand for Bitcoin from institutions, sovereign wealth
25:10
funds, why is the Bitcoin price not going higher?
25:13
Actually, you asked him this when he went on the podcast
25:15
lately. And I will tell you what I
25:17
recently told bit vault on a podcast.
25:19
Long term holders are selling. It's just that simple, kids.
25:23
They're taking profits after significantly holding Bitcoin
25:26
for some years. Some have held since 2011 and
25:29
are now selling between 58 K, rising up to 98 K.
25:33
There were 1,000,000 coins sold from long term holders.
25:37
Right now, as I write this, long term holders are selling over
25:41
100,000 coins per month, 3000 coins per day.
25:45
But this is so incredibly positive because these coins are
25:49
being bought. We have not crashed as I
25:52
thought, as I thought we would have.
25:54
There's a relentless underpinning bid that is putting
25:57
new new price discovery in every one of these coins.
26:01
We are creating a new cohort of coins that others view valuable
26:05
above 100K. We are increasing the realized
26:08
cap of Bitcoin every day. That is incredibly bullish for
26:12
the long term. Someday you will be that long
26:15
term hodler with incredible wealth and time.
26:18
You might want to buy something. As a pilot, I know what I want
26:22
to do to you. And of course, he puts a picture
26:25
of a biplane. So, yeah, man, I don't know.
26:28
Let me know what you guys think. I'm just kind of, I think me and
26:31
Opti are just, we have our finger on the vibe of, of just
26:35
the overall cycle. But the fact is that we've gone
26:37
sideways for 10 months, ladies and gentlemen.
26:40
There's no way you can spin that.
26:41
Like, that's just a fact, right? I mean, and, and on that point,
26:44
it's like, you know, depending on what you think inflation is
26:49
at the current price movement, the sideways action of Bitcoin,
26:53
we're like barely beating inflation.
26:54
And that's pretty brutal, guys. So look, I think it's gonna RIP,
26:58
but I don't know, a year ago, Ron, Ron said in the chat, look,
27:02
this is the same price it was when we were hanging out in
27:04
Vegas. So like, hey, man, 10 months
27:08
older and completely flat, you know, flatlining literally means
27:13
you're unalived. OK, We need some volatility.
27:15
Actually, I was joking to Nico this morning.
27:18
We asked for volatility. We just learned specific on
27:21
which way it's supposed to go. So maybe next time we pray about
27:25
things, we should be a little more specific, Nico.
27:27
So, so, and then I do want to pull this up, right?
27:31
And again, guys, I'm just being a realist.
27:33
So like, please, like don't give me like, like this is all real.
27:37
Like you can, you can verify all of this stuff yourself, right?
27:40
So this is Bitcoin versus gold chart.
27:43
And I actually got to interview Peter Schiff at the Bitcoin
27:46
conference in Las Vegas and he was like flexing about this,
27:51
right? So this is not Bitcoin to USD
27:53
because Bitcoin to USD made all time highs.
27:55
You can make an argument that if you adjust for inflation, right?
28:00
Actually, Bitcoin USD hasn't actually made all time highs.
28:03
But let's compare it to gold, shall we?
28:05
Because again, Bitcoin is supposed to be the thing that
28:08
replaces gold. Gold currently is at a $30
28:11
trillion market cap. Like it's something crazy.
28:13
I think it's down it it lost a couple trillion, so it's
28:16
probably like 27 or something. It's like some crazy number.
28:19
Bitcoin's at 2 trillion, right? So like, you know, that's a long
28:23
way to catch up, right? I think when when we started
28:26
talking about Bitcoin catching up gold, gold was at like a all
28:30
right. Hold on.
28:31
Correction. Sorry.
28:32
The market cap is at 36 billion at least according Oh yeah,
28:37
sorry, trillion. No, no, no, no, 27.8 trillion.
28:40
Sorry, 27. 27 I know it hit. 30 It did hit. 30 so OK, so this is
28:45
Bitcoin versus gold, right? So again, here is the Bitcoin
28:50
price in grams of gold, right? And here is 2021, right?
28:55
And here is the Bitcoin price in terms of gold.
28:59
And here's 2025. As you can see, it did make it
29:03
did touch an all time high, but barely like I think by like a
29:08
factor of like a hundred $100 basically.
29:12
So yeah, I mean, that's four, that's four years, bro.
29:16
That's four years, right? 20212025, that's 4 years.
29:21
So you can interpret this in many different ways.
29:24
I'm going to give you guys a counterspin to what everyone
29:29
else is talking about. Just in in the Bitcoin verse,
29:33
just in general, Bitcoin XI think we're in uncharted
29:37
territory. I think that a lot of people
29:41
were expecting Bitcoin to go up. And here's the thing.
29:44
Bitcoin tends to do the exact opposite of what everybody
29:48
anticipates. That's how Bitcoin works.
29:50
That's how it's always worked, right?
29:52
And one of the things that worried me in the beginning of
29:55
the year, you guys could go back to those earlier shows.
29:57
And I was telling Opti, I said, you know, what kind of worries
30:00
me is that every single person and their mother is expecting
30:05
Bitcoin to moon at the end of 2025, right?
30:09
And here we are at the end of 2025 and guess what?
30:13
Bitcoin is doing the exact opposite of what everyone else
30:16
has anticipate, what everyone has anticipated.
30:19
Just like the 2021 bull market when everyone thought Bitcoin
30:23
was gonna hit $100,000, yellow started the famous spaces don't
30:27
stop believing huddle to that feeling.
30:29
And it took him four years until that prophecy was fulfilled.
30:33
Right? Now, here's what I think, OK,
30:36
and I could be wrong here. This is not financial advice.
30:39
What happens if Bitcoin breaks the four year cycle?
30:42
You know how many people are going to be caught, completely
30:45
caught off guard if Bitcoin keeps ripping into 2026?
30:50
And I'm going to lay out the case as to why that could
30:53
happen. And this is what we're going to
30:54
be talking about during the news.
30:55
We started the show with a lot of dumerism.
30:58
I wouldn't call it dumerism, I would call it reality because
31:02
that's what it is, reality. Bitcoin has gone sideways for 10
31:06
months. That's the reality.
31:08
Bitcoin has barely outperformed gold for four years.
31:14
Both the NASDAQ and gold have mooned in October, and Bitcoin
31:19
has done nothing. That's the reality of it.
31:22
And at the end of the day, we're simply Bitcoin.
31:24
We're we're going to tell you guys the truth.
31:26
Now, what would catch everyone by the wayside?
31:30
Everyone starts selling in December, saying, hey, the
31:32
cycle's over, it's done. And boom, Bitcoin rips into
31:36
2026. Now, I'm not a fortune teller,
31:39
right? Bitcoin has never done that.
31:40
Bitcoin has never broken the four year cycles.
31:43
But there's a lot of things that are different this time and it
31:48
goes back to the mean this time is different, right?
31:51
There's a lot of things that are different this time.
31:53
The institutional involvement of the, the, the Wall Street's
31:58
involvement in the bar in the Bitcoin market, I think has
32:01
fundamentally changed the game completely.
32:04
And I think a lot of people are not they're not adjusting their,
32:11
you know, their out their outlook on that right based on
32:15
that. So we're going to be talking
32:16
about that during the the new segment.
32:18
We have a lot to uncup unpack today.
32:21
Talk about we're going to do a recap of my trip to Lugano.
32:25
I had some crazy interviews with safety Dean, the CEO of Rumble
32:29
Apollo, the CEO of Tether, Samson Mao Adam back.
32:34
So it was a it was a fantastic conference.
32:36
We're going to be dropping those interviews for you guys over the
32:38
next month or so. So it's going to be a great
32:40
show. We're going to be we're going to
32:42
be talking about this because I know this is what is on a lot of
32:44
people's minds. You guys are bored to death.
32:47
You so like, you know the meme of the of the thing poking
32:49
Bitcoin, Bitcoin do something. Well, it's we've been poking
32:53
Bitcoin for four years and hasn't done anything right.
32:56
Like that kind of sucks. So anyways, we're going to be
33:00
talking about all that and more. So guys, stay tuned.
33:02
Smash the like button. It's going to be a great show.
33:05
But before we get into it, I do want to give a very special
33:08
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All right everybody, let's get to the numbers.
35:21
We have lots to cover. So at the time of recording, the
35:26
Bitcoin price is $106,880. The block height is 921,489 sats
35:34
per dollar, 900 and 3635 sats per dollar mark.
35:38
It's getting worse. Market cap 2.13 trillion.
35:41
Bitcoin versus gold market cap 7.55%.
35:44
I remember when that was at 9% and I was so happy.
35:47
I was like, Oh my God, because that 9% is going to get to 50%.
35:50
It's going to get to 100%. No, we went down our butts and
35:54
that's just the reality of it, man.
35:57
Decline from all time high. If you buy Bitcoin right now,
35:59
you're getting a 15% discount. The realized monetary inflation
36:04
rate of Bitcoin is at .844%. At least that stays the same.
36:10
Anyways, I got a clip loaded up for you guys.
36:12
I'm going to play it and then Opti and I shall talk about it.
36:15
Ladies and gentlemen, at the end of the day, at everyone at one
36:20
point or the other bows down to the king.
36:23
And of course, you have the CEO, Jamie Dimon admitting that
36:29
Bitcoin isn't going away. Skeptical of crypto at one
36:32
point, you're still skeptic gone away with no damage so far.
36:36
Crypto is real. If you mean blockchain stable
36:38
coins, you have AJP Morgan deposit coin.
36:40
You can move stuff. Smart contracts are real.
36:42
All that stuff is real. It will be used by all of us to
36:44
facilitate, you know, better transactions and customer
36:47
service. So that's right, ladies and
36:50
gentlemen. I mean, he's not admitting that
36:52
Bitcoin is here to stay, but he's admitting that, listen,
36:55
this, this crypto stuff, this Bitcoin stuff is not going away,
36:59
right? You had Jamie Dimon basically,
37:01
you know, screaming from the rooftops for I don't know how
37:05
long that, you know, Bitcoin was useless, that Bitcoin was for
37:09
drug dealers, that Bitcoin was it wasn't going to amount to
37:12
anything. That was his narrative for the
37:13
longest time. And now all of a sudden here you
37:17
have him and and you know, some this this round table with all
37:21
the elites basically saying like, look, it's here to stay.
37:24
I was wrong, right? And and remember this, Michael
37:27
Saylor said the same thing. Larry Fink said the same thing.
37:30
Donald Trump said the same thing.
37:32
And now Jamie Dimon, one of big, one of one of the harshest
37:38
critics of Bitcoin, not completely admitting Bitcoin is
37:41
useful, but he is admitting that, hey, you know, this things
37:44
here to stay. It's not going anywhere.
37:46
Of course, he's shilling his own stable coin, it seems.
37:48
But hey, at least it's a step in the right direction.
37:52
I'm not going to say that we've won yet until Christine Lagarde
37:57
goes on, She said. You know what big in her, in her
37:59
accent and everything, she said Bitcoin is useful.
38:01
I don't think that's ever going to happen.
38:04
I think hell is going to freeze over before that happens.
38:07
I think we're going to see, you know, the, the, you know, the,
38:11
the deep freeze of the universe before that ever happens.
38:15
But you know, a man could wish for things.
38:18
I think we've seen, I think we've seen crazier realities
38:23
than what I just described. So anyways, I'm going to pass it
38:25
on to Opti. What are your thoughts on this?
38:28
I mean that we're, we're admitting victory right now,
38:31
aren't we? I don't know.
38:32
I don't know if we can do that. I think it's a little early.
38:35
I mean, you got to listen to what he said.
38:36
He said crypto and stablecoins, which is obviously the JP Morgan
38:39
stablecoin is what they, you know, they're talking about,
38:42
they're about to implement. And then they did just launch
38:45
the, you know, JP Morgan Bitcoin, ether as collateral.
38:51
And so I I think we can claim victory when he is just purely
38:57
Bitcoin when he goes out there and he actually says the B word,
38:59
he says Bitcoin, not crypto and blockchain and stablecoins.
39:03
But we have come a long way considering that Jamie Dimon was
39:08
one of the biggest, you know, opposition, the biggest OPS
39:11
against Bitcoin. He was calling us all kinds of
39:15
bad things. He he was basically saying like
39:18
you're UN American if you're investing in Bitcoin, if you're
39:20
trying to save in Bitcoin, like, you know, I, I don't want
39:23
anything to do with you early in the, in the Bitcoin journey.
39:27
And then again, since Larry Fink came out now Jamie Dimon
39:30
basically after he positioned himself with his personal
39:33
product from JP Morgan, now he's embracing it, which I think is
39:37
in itself a form of victory here.
39:40
The fact that hey, they, they capitulated, they they have to
39:44
now embrace this, I think is AW, but it, it it's still going a
39:49
long way. Obviously.
39:50
I I think that is a signal there where he essentially didn't say
39:53
Bitcoin at all. He said crypto, blockchain and
39:55
stablecoins, which sounds like 2017 narratives here like what
39:59
year are we in? But again, the fact that they
40:02
are talking about it, I think is the West, as Nikko always likes
40:05
to say, if you're not in the room, then you know you have no
40:08
power. And now we are part of the
40:10
conversation, whether it's how we.
40:12
Like it or not, we are in the conversation.
40:14
They, they know that when they go to these forums in these
40:17
conferences, that someone's going to ask them about Bitcoin
40:20
or crypto or whatever, you know, blockchain and stablecoins and
40:23
stuff. So like we have come a long way,
40:26
but I, I think there's still a lot more to go.
40:28
And I, I think this is where it really leans into look at this
40:32
point, you do not want to give them your Bitcoin.
40:36
You want to hold it in cold storage, secure your Bitcoin.
40:39
I, I wouldn't be trusting these Wall Street institutions with my
40:42
by Bitcoin to get their yield. And you know, from from our
40:45
perspective, I, I would, I would be going to lead in not JP
40:49
Morgan, but hey, I'm a bitcoiner and they are a partner of the
40:52
show. So I'm just very concerned about
40:56
what is the next attack vector. And I think that part of that
40:59
attack is trying to capture Bitcoin.
41:01
They know they can't stop it. So what are they going to do?
41:04
They're going to try to incentivize us as much as
41:06
possible to give them control of our Bitcoin.
41:09
And I think this is kind of laying the groundwork for that.
41:12
But also, you know, they're at a symposium here, a round table,
41:17
literally a like Doctor evil round table here.
41:20
And they're talking about Bitcoin.
41:22
So it is AW in itself. I I think it is symbolic of
41:25
where we are right now. But the fact you said crypto
41:28
blockchain and, you know, talking about his stablecoin, I
41:31
think there's still a lot of work to go here.
41:33
Yeah, absolutely. All right, everybody, it's going
41:36
to be a great show. We so we started with the
41:39
realities in the beginning of the show during the intro
41:42
segment we we told you guys about what is the reality, what
41:46
has happened, what has transpired over these last 10
41:48
months. You know Bitcoin again is barely
41:51
making all time highs against gold even though it's been 4
41:54
years. It basically we've been going
41:56
sideways. We've actually lost $2000 versus
42:01
when Trump was inaugurated Bitcoin was at 109 K 10 months
42:04
later we're at 107,000 dollars $107,000.
42:08
So we've actually gone down a little bit.
42:11
I, I, I know I'm nitpicking the dates, but again, I'm, I'm
42:14
looking at it from Trump's inauguration date.
42:16
That's really the day that I'm looking at it.
42:18
When he took the presidency, you know, this was the pro Bitcoin
42:21
president, right? And the fact is, is that despite
42:24
Kamala and despite Joe Biden and Operation Choke .2 point O,
42:30
despite all of that, take me back to Operation Choke .2 point
42:33
O. Cause at least, you know, we got
42:35
a gain at least. At least the price was pumping
42:38
bro, You know at the end of operation Choke .2 point O and
42:42
then yeah. Remember, he promised.
42:45
US150. Early and I don't I I this feels
42:48
late now right so you know again we.
42:50
Still got two months out of the, we still got two months left of
42:53
the year. You know, it's, it's, it's
42:55
October 30th. So we still got November and
42:57
December that's being lined up ahead of us.
43:01
So anyways, before we get to that, ladies and gentlemen,
43:04
we're gonna be right back in just a SEC.
43:06
We're going to hit the news segment.
43:08
You guys are going to want to stay tuned because we're going
43:10
to give you the other perspective of what could
43:12
potentially happen to Bitcoin during 2026.
43:15
We're going to be right back in just a bit.
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If you guys want to help support the show, get yourself some
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Bitcoin is going to 0. Get that shirt.
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I'm just kidding. It says Bitcoin is going to add
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another zero. It feels like Bitcoin's going to
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0. All this merch again is not drop
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shipped. We buy the inventory beforehand.
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It's extremely high quality. It has custom, you know custom
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detailing it says simply Bitcoin on on the thing and it says
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Bitcoin or slavery again get yours while supplies last.
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The these have been flying off the shelves.
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At least something good is happening.
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But yeah get yours while supplies last.
46:38
If you guys want to help support the show, you know, choose what
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you'd like, a huddle sweater, you know a Bitcoin is going to
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add another zero T-shirt. Bitcoin is.
46:46
This is not a negotiation. Get whatever design you like
46:50
best. Anyways, let's get through to
46:52
the news. I told you I'd give you a more
46:54
positive outlook on things on today's show, the first show I'm
46:57
back in like I think 2 weeks or so.
46:59
Shout out to Opti and my wife Sophia for holding it down while
47:03
I was gone, but here is Joe Consorti.
47:06
Joe Consorti says Bitcoin's 90 day volatility has been this low
47:11
in just 7.6% of its history, exclusively during late bear or
47:18
orly bull markets. Each time it hits this low,
47:23
Bitcoin's price has climbed higher over the ensuing 6
47:27
months. The coiled spring is very real.
47:31
I don't know about that, but moving on to Whale Panda, Whale
47:37
Panda has been absolutely losing his mind.
47:40
So he is class of 2013 OG Bitcoiner.
47:45
And you know, let's just let's just go through some of these
47:48
comments. I always get the comment sell
47:51
then or you sold. You want the price to crash.
47:54
I didn't. And no, I don't.
47:55
I don't have to can hold for 10 years.
47:57
I just see the numbers and they don't add up.
48:00
There's currently nothing bullish in Bitcoin with all
48:03
other markets are taking off. I always get the comment sell
48:07
then. I don't know.
48:07
This is him retweeting it. Another day, another abysmal
48:11
performance. But it's only thanks to the ETFs
48:14
that BTC recovered after FTXFTX didn't even have BTC on the
48:19
books anymore. It was a normal bear market low,
48:21
same as other bear markets. It's the bull market after the
48:25
introduction of ETFs that failed.
48:29
This is what mental illness looks like.
48:31
This is also why this market is no longer fun to trade and why I
48:35
keep saying that the Bitcoin market looks cooked right.
48:38
And this is what we've been experiencing, this bull market
48:41
over and over again. And this is what I heard.
48:43
American Huddle, I think he was on Bram's podcast, a shout out
48:47
to Bitcoin for Millennials, and he was talking about this exact
48:50
phenomenon. So what am I talking about?
48:53
I had a feeling when we hit 126 K that we were gonna go down.
48:58
Before in previous Bitcoin bull markets, when you hit an all
49:01
time high, when Bitcoin hit 10K, it was going to go to 15, it was
49:06
going to go to 20. You had price discovery.
49:09
The price discovery now is like, you know, you go up.
49:13
What was it? It's like it was the all time
49:15
high was 124 K. Then we went back down.
49:18
Then we went back up as 126 K, then we're back down to 106 K.
49:23
Now we've broken into 106 K region.
49:25
But anyways, I told you guys this was going to be positive,
49:28
so we're going to pivot the conversation.
49:30
Wait, wait, wait. Can I can I chime in here?
49:31
Real quick, because I I think the big signal from whale panda
49:36
is that part where he said the Bitcoin market is no longer fun
49:40
to trade. And I think that's why he's been
49:42
losing his mind because he is a trader and also like a notorious
49:46
shit coiner. So that that'd be just my take
49:48
away. Let let's get bullish here,
49:49
Nico. Yeah, let's get bullish.
49:52
All right, so this is the moment that you guys all been waiting
49:55
for. What am I talking about?
49:58
So we've been we've been realistic right in the beginning
50:01
of the show, showing you guys the numbers of course, telling
50:04
you guys our own opinions, people that make content every
50:07
single day about Bitcoin. Literally we've been making
50:10
content every single day about Bitcoin.
50:11
The Bitcoin price has been going sideways for 10 months.
50:13
OK, so it's not been, you know, so great mental health wise, but
50:20
anyways, we told you guys the reality of the situation.
50:24
Then we told you guys, we showed you guys, you know again, you
50:27
know, some different takes by different people in the
50:30
community and now we're going to show you guys this take, which
50:33
is the potential of Bitcoin going into 2026.
50:38
Now, the reason that I think this is a probability is because
50:44
one of the things that worried me about this cycle specifically
50:47
was the fact that everybody was on board.
50:52
It kind of reminded me of the 2021 cycle when everyone thought
50:56
Bitcoin was going to hit $100,000.
50:58
It was like confirmed, it was guaranteed.
51:01
That's what everyone was thinking.
51:02
It was like, Oh my God, this is going to be fantastic.
51:05
But that never, that never came to be.
51:09
That never happened, right? So what is interesting is that
51:14
no one is really anticipating potentially Bitcoin continuing
51:20
to ride into 2026. No one is talking about it.
51:24
And here is Joe Carlosari and I believe he was on a podcast with
51:29
I think it was American Hoddle. He was on press and Pish's
51:31
podcast and they were talking about this.
51:34
They were talking about Bitcoin potentially going into 2026.
51:39
Now, the fact that I'm saying that, and I kind of feel
51:42
uncomfortable saying that, and it feels a little bit taboo,
51:46
tells me that this isn't the general consensus.
51:49
The general consensus right now what everyone believes Bitcoin
51:53
is going to do is that, listen, if it does it, Bitcoin already
51:57
peaked in October and now we're heading into a bear market in
52:01
2026. That's the general consensus.
52:04
That's not how markets work, right?
52:07
So markets tend to do the exact opposite of what everyone is
52:10
thinking. What did the Bitcoin markets do
52:12
this year? They did the exact opposite of
52:15
what everyone was thinking and anticipating.
52:18
So I want you guys to hear this take by Joe Carlisari, because I
52:22
think it's a really good one. OK, guys.
52:26
Quick message. For you, if you're selling
52:29
Bitcoin right now because you need to pay down some debt,
52:32
because you you want to put that down payment on a house, because
52:35
you want to buy your fiance a diamond ring, I don't judge.
52:39
I don't blame anybody who wants to sell Bitcoin to go after
52:43
something you really care about in life.
52:45
But if you're selling Bitcoin right now because you're under
52:48
the ridiculous impression you're going to be able to buy it 5060%
52:54
lower because it's the last year of a four.
52:57
Year. Cycle.
52:59
You're moronic if you think that's going.
53:01
To happen you think just. Because in the past this has
53:04
always occurred that it's guaranteed to happen in the
53:06
future. You should be prepared to take a
53:08
Big L on this one. You should be prepared to be
53:11
full mowing back in above 200,000 where we're going next
53:14
year because the market. Doesn't let.
53:17
Everybody win in such a simple way.
53:20
Boom. So this is again, this is kind
53:23
of what you're you're starting to hear this trickling, you
53:26
know, out of a lot of people. Also British huddle comes from
53:29
this school of thought as well, right?
53:33
And again, the way that British huddle put it was that this is
53:35
first of all, Joe Carlos, sorry, whatever.
53:37
I didn't know you'd listen to bangers, bro.
53:40
But you know, like Marilyn Manson, something like.
53:42
That I don't know what he was. I was not expecting that.
53:45
But you know, one of the things that British Huddle was talking
53:48
about was like, look, like, you know, and you know how British
53:52
Huddle, you know how he says things and stuff, but he was
53:54
talking about he's like, look, we only have three data points.
53:57
There's only three data points. We only have three data points.
54:00
Why? Like you're gonna go, you're
54:02
gonna make an assumption based on three data points.
54:05
Like that's crazy, right? So, you know, again, this could
54:09
be cope, this could be this time is different, but I'll tell you
54:14
what I'm starting to believe. And again, it could be cope on
54:17
my end is that again, this is really strange.
54:22
This is very strange. Like I, I, I've been in Bitcoin
54:25
for a decade. I've never seen a year where
54:28
it's literally flat lined. I've never seen that before.
54:31
And going back to George Bodeen's post, right, the fact
54:36
that so many people, there's so much cell pressure, you know,
54:41
of, of Bitcoin over $100,000 and the fact that that cell pressure
54:46
is getting absorbed for now. Again, I think we are heading
54:51
into uncharted territory. So again, I, I, I think that
54:55
this could be a possibility because of Wall Street's
54:59
involvement. Here's another follow up post by
55:03
Joe Carlisari says this is the most bullish market structure in
55:06
bitcoins history. I challenge you to find another
55:09
period where we have consolidated near the all time
55:12
high for basically a year. All your models are broken.
55:17
And then it follows up with a post by the real Plan C Really
55:22
interesting, great chart by Smithson.
55:25
We've had Smithson on the show before.
55:27
More evidence that this cycle is going to be extended.
55:30
In fact, this ratio suggests we haven't even entered the true
55:34
bull market yet. And that's the thing that I want
55:36
to harp on. Do you believe, let me, I want
55:39
to ask you guys honest opinion. Do you believe that Bitcoin has
55:43
been in a bull market this year? Yes or no, I'll ask you.
55:48
No, not at all. Not at all.
55:50
Right. Bitcoin hasn't been in a bull
55:52
market. Like let's be honest, if
55:54
anything, it's had downward volatility.
55:57
It went from 109 KS to 76 K back to 126 K.
56:01
But if, if you like, just map it out.
56:04
It's been pretty straightforward.
56:06
And we're we're back at 107 K. So it hit 109 K when Trump was
56:11
inaugurated. 10 months later, it's $2000 below that like that.
56:16
That doesn't seem like bull market stuff, you know.
56:19
And again, if you take a, if you compare and contrast with 2017,
56:23
which was another year after the halving, the year started with
56:27
Bitcoin at 100 at $1000 and it ended with 20.
56:30
Now we had a horrific hangover the year after, but at least we
56:34
had volatility upwards. There is some 5050% swings in
56:39
between, but there was volatility.
56:41
This has been straight, it's been, it's literally been a
56:44
straight line, right? So moving on to this, this post
56:50
by Smithson. Now Smithson and Plan C are
56:53
really interesting fellas. And the reason they're really
56:55
interesting fellas is because they're the ones that have come
56:57
up with these models, right? These quantile models.
57:00
And it kind of takes into account the power law and you
57:04
know, and it kind of gives you like a, a range of where the
57:08
Bitcoin price would be, you know, what the top range would
57:12
be, what the bottom range would be, etcetera, etcetera.
57:15
So first Smithson says, first I showed you gold.
57:18
Now I haven't seen this pay attention copper slash gold
57:22
ratio. The, the, the peaks of this
57:25
metric and BTC price are extremely well aligned
57:28
historically as an important macroeconomic signal.
57:32
When it trends down, it signals a risk off environment since
57:36
higher copper represents more industrial activity and higher
57:40
gold presents flight to safety. To me, this is one of the most
57:43
compelling signals out there. We're going hire friends.
57:47
And again, this was posted October 28th.
57:50
So let's try to decipher what this chart is.
57:53
And again, it shows you BTC bull, BTC bear accumulation,
57:58
copper, gold, bull, copper, gold bear, again, 1000 day moving
58:05
average, etcetera, etcetera. So as you can see, right, like
58:09
look at that. I mean, you can kind of see some
58:14
correlations there, right? And this hasn't moved back up.
58:22
The last time this moved back up the way it did was back in 2021.
58:29
The last time before that was 2017.
58:31
The last time before that was 2014 or the end of 2013, right?
58:37
So again, you know, this could be uncorrelated.
58:41
This can be unconnected. But you know, for now, you know,
58:47
the cycles are a thing until they're not.
58:49
But what I'm really liking about this theory is that it goes
58:55
against mainstream consensus. Mainstream consensus is that
58:59
we're in a cycle. You look at all the analysts and
59:03
I actually tweeted this out the other day and the tweet did
59:05
pretty good Opti, but I said something along the lines of
59:08
like, I bet you Wall Street right now has all of Bitcoin X
59:13
and all of Bitcoin YouTube tech analysis channels, and I bet you
59:17
they're just trading the opposite and they're just making
59:19
a fortune, right? So what is the consensus right
59:22
now? If I'm telling you guys that
59:25
there is a possibility that bitcoins bull market extends
59:29
into 2026, it's taboo, it's an unpopular opinion.
59:34
It's it's not general consensus. The general consensus is that
59:38
the cycles are a thing that it has to peak in October, November
59:42
and December that we might have peaked.
59:44
But going back, if you could pull up the Wall Street CHEAT
59:47
SHEET Opti, I'd really appreciate it.
59:54
Yeah, I, I tweeted this out the other day.
59:56
But if you could pull up the Wall Street, the Wall Street
59:58
CHEAT SHEET again, like I'm going to ask you guys, did you
1:00:02
feel euphoria? Did you feel, you know,
1:00:06
disbelief? Did you feel any of those
1:00:09
emotions during this cycle? I think we saw like little
1:00:12
inklings of it. I think November the, the, the
1:00:15
latter half of of 2024, you know, I think we had some
1:00:19
positive price action, but did we ever really enter a mania
1:00:23
phase? Right?
1:00:24
We never did. We never entered the mania
1:00:27
phase, right? So you know, we kind of were in
1:00:30
the hope phase in the beginning of of October, then October just
1:00:34
rug pulled us completely, right. We could be in the disbelief
1:00:37
phase again, right? Look, this is a suckers rally,
1:00:40
Opti, right? This is a suckers rally, bro,
1:00:43
you know? And then you kind of enter into
1:00:45
the disbelief phase, right? We're definitely not in the hope
1:00:48
phase, I'll tell you that for sure.
1:00:51
Dude, we're in the anger. We shorted the market.
1:00:54
Daddy Trump do something but but we've never we've never entered
1:00:58
the optimism belief, the thrill of the euphoria phase.
1:01:01
We have not it's it's has not happened in four years that has
1:01:06
not happened for Bitcoin. It's been this like long and
1:01:10
methodical shot, like, you know, upwards price movement, but we
1:01:16
haven't had a parabola. And I know what people are
1:01:19
saying. They're saying Nico, pull up the
1:01:21
gold chart. Opti, please.
1:01:23
You're saying like Nico, like that's impossible, dude.
1:01:26
It's it's too big of an asset. You can't have a parabola in
1:01:31
such a large asset now that the institutions are here because,
1:01:35
you know, the institutions are going to, you know, take away
1:01:38
the volatility and that's not possible.
1:01:40
And you know that those are all like the, the, the, the excuses
1:01:44
and the cope. But like, this is the effing
1:01:47
gold chart. This is something that has a $30
1:01:50
trillion market cap. And what does that look like to
1:01:54
you? Excuse my language.
1:01:56
That looks like a fucking parabola to me, bro.
1:01:59
OK, that looks like a parabola. Gold literally mooned gold.
1:02:04
You know, the metal? The metal, the metal bar thing.
1:02:08
So to to tell me that Bitcoin can't do the same, It's a $2
1:02:11
trillion market cap. I think that's BS.
1:02:15
So Bitcoin went parabolic Bitcoin next.
1:02:18
It's interesting that you pulled that, that comment up.
1:02:21
When I saw Larry Leopard in Montreal, he said the same
1:02:23
thing. He's like, I'm so bullish on
1:02:25
Bitcoin cause gold is mooning right?
1:02:27
So and it was buck 52,000 gold went parabolic BTC next.
1:02:32
That's all I don't know that I'll tell you this guys.
1:02:36
The the the non consensus is that the cycles are that that
1:02:45
the non consensus is that 2026 is going to be a bull.
1:02:49
It's it's going to continue the bull market.
1:02:52
The Bitcoin price is going to keep going up.
1:02:54
That's a non consensus right now.
1:02:56
That's the unpopular opinion. The unpopular opinion is that
1:03:00
the cycle could be prolonged. I could be wrong here, right.
1:03:03
The cycles are a thing until they're not.
1:03:06
So we're not going to know until the end of December.
1:03:09
We're going to know for sure and now I'll I'll another thing I'll
1:03:12
do before I pass the mic because I've been on my soapbox for a
1:03:15
little bit. If we have peaked, if 126 was
1:03:24
the peak, we're not going to have or sorry, I don't know
1:03:29
right, I don't have a crystal ball.
1:03:30
But if you don't have a mania phase, if you don't have a
1:03:34
parabola, those draw downs of sixty 7080% are more unlikely,
1:03:42
right? So if you don't go crazy, the
1:03:45
price doesn't go crazy, you don't really get a hangover,
1:03:48
right? So we might be in this phase
1:03:51
where 2026 could be a down year, but it could be a down year the
1:03:56
same way that 2025 was a sideways year.
1:03:59
It's kind of like this kind of like, you know, slow trickling.
1:04:03
And now I'll drop you my last conspiracy theory.
1:04:07
You can call it that. Whatever you want to call it is
1:04:12
potentially they might not want to announce the strategic
1:04:18
Bitcoin reserve until Trump has his bags packed.
1:04:25
That could literally as simple as that.
1:04:28
As soon as he has his bags packed, the United States, we're
1:04:31
launching A strategic Bitcoin reserve, Bitcoin, literally two
1:04:35
or three XS in a matter of two or three months.
1:04:38
The Trump family makes a fortune.
1:04:40
They've been making a fortune off of this stuff.
1:04:42
By the way, you don't think that, you know, Baron Trump
1:04:46
isn't shorting Bitcoin right before his dad is saying, oh,
1:04:51
we're going to impose 100 percent, 100% tariffs on China.
1:04:56
Like you don't think he's doing that?
1:04:57
Like, come on now, come on now. That's not at all what's
1:05:01
happening, right? So that's that.
1:05:04
Again, there's no way to confirm that, but follow the incentives.
1:05:08
Follow the incentives. At the end of the day, look, the
1:05:11
Trump family is going to benefit from Bitcoin mooning.
1:05:15
But at the same time, if they can use the power of the
1:05:18
presidency to accumulate more Bitcoin, to shake Bitcoin out of
1:05:24
weak hands and to get it into their hands, I mean, money's
1:05:28
money's money. Money talks.
1:05:30
Like, you don't think they're going to do that, right?
1:05:32
So anyways, some theories here, Opti, I want to get your takes,
1:05:36
bro. It seems like the audience is
1:05:38
liking this as well. So they missed you bro, They
1:05:41
missed. You they missed Aniko Jones
1:05:42
rent. Yeah.
1:05:44
I mean, I, I, I liked your analysis.
1:05:46
I, I think what we can kind of all agree on is that no one had
1:05:52
any idea or rather me actually me and Nico have been saying
1:05:55
this a lot off air with like, dude, no one had any clue what
1:05:58
the price is going to do this week.
1:05:59
Like we were saying earlier, because a lot of us were working
1:06:03
on very small data points, of course looking at the past to
1:06:06
kind of predict where the future was going.
1:06:08
And I think we all underestimated just the impact
1:06:12
that these institutions were having on the on the price of
1:06:15
Bitcoin and or what they are going to do.
1:06:18
I think now 10 months into this year, we can all kind of agree
1:06:21
on one thing that they are trying to bore us to death.
1:06:23
They're trying to get your coins.
1:06:25
That's that's what the price action is telling us.
1:06:28
And I think the biggest point to what you said that personally to
1:06:32
me, I'm kind of like, OK with like, if, if we're just going to
1:06:36
kind of be, you know, slowly but surely grinding up in the
1:06:40
stairway to heaven to $1,000,000 by 2029 or whatever Sailor says,
1:06:44
then to me that just means we're not really going to be seeing
1:06:47
crazy bear markets. And as someone that's kind of
1:06:49
like put all their apples into one basket and our business
1:06:53
revolves around it, yes, we might not get the frothy
1:06:57
parabolic run, but we also aren't going to get crazy bear
1:07:01
markets. And that that maybe that is what
1:07:03
comes with maturity. I'm I'm still jonesing over
1:07:06
here. I want to see a parabolic run
1:07:07
because that's when things are just that much more fun.
1:07:10
You just, you know, you feel, you feel smart, you feel right.
1:07:13
You just feel better about everything you're doing.
1:07:15
But again, if it is a slow grind, then what is the market
1:07:19
telling you? Like what is everything that
1:07:21
Nico just said? Like what does that mean for you
1:07:25
and what do you do? It's very simple, guys.
1:07:28
We tell you this all the time. Like the the strategy doesn't
1:07:31
change. It's just accumulate as much
1:07:33
Bitcoin as possible and then maybe, you know, go outside and
1:07:37
not look at the charts and not go on Twitter.
1:07:39
It's like you at this point, the best things we can do is acquire
1:07:42
as much Bitcoin as possible, make sure our cash flow is going
1:07:45
up so we can acquire more Bitcoin.
1:07:47
And then as we're all trying to sit here patiently and wait for
1:07:50
the inevitable price rise, you just become the best person that
1:07:53
you can be. Like that's all we can do here
1:07:55
because look, we're not the ones moving the price anymore.
1:07:58
I, I don't think retail, even if they do come back and forth, I
1:08:02
don't think they're going to be able to compete with the
1:08:04
billions of dollars that the institutions are bringing into
1:08:06
the market. So we're basically, you know,
1:08:09
the tail on the dog here, it's no longer the tail wagging the
1:08:12
dog, it's the dog wagging its tail.
1:08:15
And we're just, we're just here for the ride.
1:08:16
And so our goals here our. Mission here.
1:08:21
Is to hold on to as much Bitcoin as possible, continue to acquire
1:08:27
more Bitcoin and don't get shaken out of our position
1:08:29
because look, I would love to see 2026 be a parabolic run.
1:08:33
I've been saying this for a minute that it does feel like
1:08:36
with this new investor, things are changing.
1:08:38
They are basically bringing the Wall Street kind of trading
1:08:42
mechanisms to Bitcoin. And since Bitcoin is a $2
1:08:45
trillion asset, they are very capable of controlling the price
1:08:49
in the short term, but in the long term, they're not going to
1:08:51
be able to do that. And then on the flip side, like
1:08:53
Nico's saying about the gold market, everyone.
1:08:58
'S been saying diminishing returns.
1:08:59
Nico, I know you were on the diminishing returns train for a
1:09:02
little bit. And if we learned anything from
1:09:05
the gold price moving, it's that that doesn't mean a thing.
1:09:08
And Bitcoin can add trillions of dollars to its market cap in a
1:09:11
very short time, which is something a lot of Bitcoiners
1:09:14
have been saying is impossible. I think.
1:09:16
I think gold is kind of really thoroughly blew up that thesis.
1:09:20
It just, you just need a lot of people that really want this
1:09:23
Bitcoin thing like we saw with gold, you know, gold literally
1:09:27
in its, in its very small decline lost, you know, 1 1/2 X
1:09:32
the Bitcoin market cap and everyone's telling us that it
1:09:35
can't go up and add, you know, trillions to its market cap in a
1:09:39
very short time. I, I think all our models are
1:09:41
broken and we really have no idea what's going to go on.
1:09:45
And so I think the end of this year is going to be very
1:09:47
important to watch and of course Q1Q2 of 2026 is going to be very
1:09:51
important to watch. I think the next, you know,
1:09:53
three to five years are going to be extremely bullish for
1:09:56
Bitcoin. Someone said it the other day,
1:09:58
Nico, I forget who it was, but they said I think the Bitcoin
1:10:02
price is going to pump all the way through the Trump
1:10:04
administration and we're never really going to get a bear
1:10:06
market. And I'm starting to think that
1:10:08
that is the case that they are acquiring the coin right now,
1:10:11
you know, packing their bags. And as I used to call it on the
1:10:14
show, you know, the billionaire player playbook is you FUD
1:10:18
Bitcoin, you stack sets and then once you're ready, once your
1:10:22
bags are packed, you unleash the tsunami into Bitcoin and you
1:10:26
pump the price. Now, of course, they're doing
1:10:28
something a little different. They are positioning, you know,
1:10:32
especially like use BlackRock as example.
1:10:35
They are positioning their clients and their customers to
1:10:38
get into Bitcoin via the ETF. So if, if you can kind of give
1:10:43
them the, the, you know, the idea that they can kind of in
1:10:48
the short term manipulate the price, then what do you think
1:10:50
they're trying to do? They're trying to keep the price
1:10:52
low so that the clients can get in.
1:10:53
And then once we get to a point where like everyone's bags are
1:10:56
packed, bro, they're going to RIP this thing.
1:10:59
So I think 2026, I'm, I hate to say it, I say it all the time
1:11:03
and I know it's going to dump and it's probably going to be
1:11:05
wrong, but dude, this time does feel different.
1:11:08
I think I think at this point 2026 might be the year who wait,
1:11:11
who was the one in the chat saying super cycle 2026 Look
1:11:15
right, we're going to be along for the.
1:11:17
Ride for you guys right, you know and and let's see this is
1:11:23
uncharted territory already already this is uncharted
1:11:26
territory. I just want to let you guys know
1:11:28
that right now we're in uncharted territory.
1:11:31
This is the first red October in the year after the halving.
1:11:34
That's never happened before, right?
1:11:36
So already we are seeing things that have never happened before,
1:11:41
right? And you can speculate as to why
1:11:45
that is. Everyone was predicting October.
1:11:48
You, you heard it on X that everyone was predicting that
1:11:52
everyone and that's not how markets work, right?
1:11:55
So the general consensus would be everyone is still
1:11:58
anticipating is that we're going to have a fantastic end of the
1:12:02
year. What I don't see a lot of people
1:12:05
anticipating is I don't even want to call an extended bull
1:12:11
market because we haven't even been in a bull market, right.
1:12:15
But when no one is just four year cycle's dead, what no one
1:12:18
is anticipating is that potentially the bull market
1:12:21
actually starts in 2020. That even sounds crazy.
1:12:23
Me saying that, that sounds that sounds kooky.
1:12:26
That sounds like I'm coping right, But that's what I'm
1:12:29
saying. That's so against the mainstream
1:12:32
contensis right now that again, I I wouldn't be surprised if it
1:12:36
happened now. Again, what I've learned this
1:12:40
year, differentiating from every other year, is that no one has
1:12:45
any idea what's going to happen. Your favorite influencer, your
1:12:51
favorite YouTube, Your favorite X account.
1:12:54
Every single person has gotten this year catastrophically
1:12:58
wrong. Thank God we don't make price
1:13:00
predictions right. Oh yeah.
1:13:02
Can we just cover them? No, I mean, we, we, we give a
1:13:05
general, you know, we, we cover what the market is saying, but
1:13:09
we don't make price predictions, 300K by end of the year.
1:13:15
None of this is financial advice.
1:13:16
We're just, we're just here to entertain.
1:13:18
But anyways, we're going to get to the culture segment.
1:13:21
We're going to be talking about Lugano.
1:13:22
I was just there for the Plan B for him, one of the best Bitcoin
1:13:25
conferences of the year thrown by our friends over at Tether.
1:13:28
So definitely we're going to stay tuned.
1:13:30
A lot of things happened, had some very high profile
1:13:32
interviews which I enjoyed the hell out of.
1:13:35
So we're going to be right back in just a bit.
1:13:37
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freedom. All right, guys, we are back.
1:15:43
And to be honest, I'm I'm, I'm a think I'm more excited about
1:15:47
this because we haven't. All Nico told me is he's tired.
1:15:51
I. I don't even know what he did.
1:15:52
Over in Lugano, really all I know he did, did some
1:15:55
interviews. I've seen him on Twitter.
1:15:57
I'm going to pull him up and go through it.
1:15:59
But Nico, I mean, you were talking to all of the biggest
1:16:03
bitcoiners did did you learn anything?
1:16:06
Can you can you provide some wisdom?
1:16:08
Welcome to the audience here. What what was your biggest take
1:16:10
away in Lugano? Oh man, I mean it.
1:16:13
Just it, just the the tether guys just throw such an amazing
1:16:17
conference and it was just a pleasure to wait.
1:16:20
Wait, this isn't a volcano though, huh?
1:16:22
No, it's not a volcano. It's it's.
1:16:24
Facing the lake of Lake of Lugano, I think it is called the
1:16:27
Lake of Lugano. And I got to talk to Samsung,
1:16:30
Safedeen, Chris Polosky, the CEO of Rumble, Ballo, the CEO of
1:16:36
Tether, Hoffa, the CEO of of Electron.
1:16:41
And I got to, you know, live stream from the Rumble stage
1:16:47
that they had at the conference, which is really, really cool.
1:16:50
Of course, I got to interview Adam back in a rainstorm behind
1:16:54
us, but it's still going to look absolutely epic and movie like
1:16:58
when we dropped those interviews.
1:17:00
So, yeah, I mean, it was, it was pretty crazy having all those
1:17:04
interviews kind of back-to-back to back-to-back.
1:17:07
That was pretty hectic. But yeah, it was a it was a
1:17:11
whole lot of fun. And and you know, what's really
1:17:14
interesting too about this conference is the optimism about
1:17:19
just Bitcoin and the future of Bitcoin and the future of this
1:17:22
market. And no one was talking about the
1:17:25
price. No one even cared about the
1:17:27
price. No one was even talking about,
1:17:31
you know, where Bitcoin was going.
1:17:32
I actually did talk to Samson about the Omega candle 'cause
1:17:35
this is the second time I've interviewed Samson this year.
1:17:38
And the first one it was like epic with this epic volcano
1:17:41
backdrop and all this stuff. And then, you know, 10 months
1:17:45
later or what was it seven months later, eight months
1:17:48
later, you know, price has been kind of the sideways or, or, you
1:17:55
know, the same, right? So, you know, we, we did have
1:17:59
that in the conversation. All those interviews are going
1:18:00
to be dropping soon. But yeah, it was a fantastic
1:18:02
conference. Lugano's such a beautiful city.
1:18:05
And again, I, I, I do want to give a shout out to the Plan B
1:18:08
forum team and, and tether for putting together such a
1:18:11
fantastic conference. It's one of my favorite
1:18:13
conferences of the year, actually, that in the Bitcoin
1:18:16
conference and of course, mining disrupt and bitlock boom.
1:18:20
You know, the, the Plan B forum in Lugano is going to be is, is
1:18:24
one of is, is one of my favorite.
1:18:26
I'm gonna be going back to El Salvador to the Plan B forum, El
1:18:29
Salvador conference in January. So that's gonna be a whole lot
1:18:31
of fun. But yeah, man, that's what I've
1:18:32
been doing these last two weeks. And I was in Montreal for the
1:18:36
Canadian Bitcoin Conference, which we live stream for you
1:18:38
guys until Francis and Nolan went on stage.
1:18:41
And then I kind of had to cut the stream for obvious reasons.
1:18:44
But if you want to see the entire thing, just watch the
1:18:46
Rumble version. But you know, yeah, it was it
1:18:52
was just two weeks of crazy traveling, you know, travelling
1:18:57
and meeting with people and it was a whole lot of fun.
1:19:00
So well be before we go. It seems like you're.
1:19:02
Trying to wrap up, was it, Was there any Nuggets of wisdom that
1:19:07
you can pass on to the audience? Like what's one or two things
1:19:10
that you heard that stuck with you in regards to where Bitcoin
1:19:14
is at the current moment? I think that.
1:19:17
This industry is here to stay. I think that, you know, this is
1:19:22
just the beginning of, of something, you know, fantastic.
1:19:26
I think, you know, if you're in your 20s or your 30s, like Opti
1:19:29
and I, you know, 10/15/20 years from now, I think Bitcoin is
1:19:36
going to be, it's going to be part of the financial system.
1:19:40
I think it, we've already won. Like this is what I want you
1:19:42
guys to understand. Like, you know, this year has
1:19:45
been one of the most fantastic New Years from like a news
1:19:48
perspective and it's made our job easy until now, of course.
1:19:52
But you know, for like two or three years we were fighting,
1:20:00
you know, and I actually, you know, it's like the the news was
1:20:04
horrible and depressing, but at least the price was going up.
1:20:07
Like now the news is all positive and you know, like the
1:20:10
price goes down one and the price is just going sideways so.
1:20:14
You know, I don't know which one I, I, I like, I'd rather, you
1:20:17
know, be, you know, I don't even want to say that, but you know,
1:20:22
like being persecuted, at least, you know, at least the price was
1:20:25
pumping and at least like every single day we, we felt like we
1:20:28
were on the front line. You know, now that's different
1:20:32
now, right? So I, I've, I've been tweeting
1:20:35
this for a while now. Someone said it in the chat.
1:20:37
Maybe we could put up that we pull up that tweet.
1:20:40
But yeah, like, we, we've already won.
1:20:43
Like it, this is just a fact. Like we, we've won.
1:20:47
We've been winning for a long time.
1:20:50
Obviously, you know, just the price hasn't reflected that.
1:20:53
But this is, you know, the best is yet to come in my opinion.
1:20:59
And I and I think, like I said, I'm kind of feeling what Joe
1:21:02
Carlisari is feeling, right? You know, I, I, I, I wouldn't be
1:21:07
surprised if 2026 was again, it, it feels so taboo that that
1:21:15
tells me that it's, it's against what the market is thinking and
1:21:20
believing. The market is thinking and
1:21:23
believing that in December it's a wrap.
1:21:26
That's the general consensus, right?
1:21:29
And I mean, I have friends telling me it's already.
1:21:31
Been topped and that's the general consensus.
1:21:33
Right. And it could be it, but The
1:21:37
thing is, that's not the way it works.
1:21:40
That's not the way it works. I have to say that over and over
1:21:43
again. That's not the way markets work.
1:21:47
The way markets work is that they do the exact opposite of
1:21:52
what everyone else is thinking, right?
1:21:54
So if everyone else is thinking, think about it right now, how do
1:21:58
you feel right now? What is the, what is the general
1:22:00
feeling right now? The general feeling is doom and
1:22:04
gloom. The market's peaked, it's over.
1:22:07
Pack it up. Take it home.
1:22:10
That's not that's not the way it works.
1:22:12
When the market peaked in 21, everyone thought what?
1:22:17
We were going to go higher, right?
1:22:20
When the market peaked in 2017, everyone thought what?
1:22:24
We were going to go higher. What is everyone thinking right
1:22:28
now? We're going to go lower.
1:22:31
It's over. It's done.
1:22:33
Pack it up. So I'm just making some
1:22:38
observations, but again, I think it's going to be really exciting
1:22:41
for Opti and I to cover this for you guys because this is already
1:22:45
uncharted territory and I suspect it's going to continue
1:22:49
to be uncharted territory. This is the first Red October in
1:22:54
the year after the halving never happened before in Bitcoin's
1:22:57
history. So November, I think it's going
1:23:00
to be something that we've never seen before and December is
1:23:04
going to be something that we've never seen before.
1:23:06
And January is the same. And mind you, this is all
1:23:09
happening with a pro Bitcoin administration, right?
1:23:14
Mid next year you have a changing of the guards, the
1:23:18
changing of the chairman of the Federal Reserve, right?
1:23:22
I know Trump and and and Powell have been kind of going back and
1:23:25
forth so yeah. And in December you have the end
1:23:31
of QT, right And we might be entering into an era of QE.
1:23:38
So money printer go Burr, right. So anyways, we're going to leave
1:23:41
it with that guys happen to be back in the hot seat.
1:23:44
I'm going to be back for the next two week or so until Opti
1:23:47
and I go to mining disrupt in a couple weeks for for yeah, we're
1:23:53
going to go to Dallas for mining this, but we're going to be here
1:23:57
for the next literally for, for the next December and most of
1:24:00
January forever I'm. Not going to be travelling.
1:24:04
I'm so happy. So I'm going to be here covering
1:24:08
the news for you guys every single day.
1:24:11
And you know, hopefully we do get some news.
1:24:13
Hopefully something's happened and maybe we start talking about
1:24:17
pop culture or something dude something to talk about.
1:24:20
But anyways guys happy to be back love you guys happy missed
1:24:23
this show. We were able to get to 430
1:24:26
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1:24:39
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1:24:42
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