Latest / Simply Bitcoin / Will the NEW MSTR Shares Send Bitcoin to $1M? (FULL BREAKDOWN) | EP 1146
Transcript
- 0:00Yo everyone believes that MSTR's new breaking $10 billion stock
- 0:06split could be the catalyst that sends Bitcoin to $1,000,000 per
- 0:10coin. Some people have been saying
- 0:12that this would hypothetically add. 3.3 trillion to bitcoins
- 0:17market cap. But today we want to run the
- 0:20numbers and explain the truth behind what MSTR is doing and
- 0:24explain what comes next. Sailors initial plan to buy $42
- 0:29billion of Bitcoin over three years has shocked everyone and
- 0:34it's proved to be an overwhelming success.
- 0:38And even more so considering he's nearly bought all of that
- 0:42Bitcoin in the last three months alone.
- 0:44His new announcement yesterday to issue all these new shares
- 0:48could be even more surprising. So what does Michael Saylor have
- 0:53up his sleeve? Before we start that
- 0:55conversation, I do want bring up my legendary Co host Optimus
- 0:59Fields and of course our special guest for today, Gen.
- 1:03Z Bitcoin. So what am I talking about?
- 1:06Let's pull up the screen. Here is a tweet by Joe Burnett,
- 1:10one of he's a great content creator.
- 1:12I believe he is with Unchained Unchained and he went out with
- 1:17this tweet yesterday. He said MSTR wants to issue 10
- 1:20billion more shares. At current market prices that
- 1:24would be 3.3 trillion or $36 million.
- 1:29Thirty 6,000,000 Bitcoin. What come next?
- 1:32What comes next will be unprecedented, something we'll
- 1:36have to give. And I'm guessing the price of
- 1:38Bitcoin will be going much higher.
- 1:41He continues to say obviously this will not happen tomorrow,
- 1:45but just like their $42 billion plan from October, this would
- 1:49authorize them to issue 10 billion additional shares which
- 1:54would currently be worth 3 trillion.
- 1:56Of course, Sailor would only do this overtime if a credit to
- 2:01accredited shareholders. It continues to say.
- 2:04This could also include potential future stock splits.
- 2:07Assuming a 12:50 split occurred soon, then it would enable MSTR
- 2:12to issue 300 billion of new shares at current market prices.
- 2:17Still a massive ATM moment equity issuance that would occur
- 2:23over time. Now this interest I saw this
- 2:26article is fascinating. And again, like I think really
- 2:30what's happening from my perspective is sailors taking
- 2:36advantage of the Fiat system to buy something that has absolute
- 2:42scarcity. So he takes on debt, uses his
- 2:47company as collateral, he uses that loan from that debt to buy
- 2:52more Bitcoin. He puts it on its balance sheet,
- 2:56his share price goes up. And he does the exact same thing
- 3:01over and over and over and over again.
- 3:05And of course, this has LED MicroStrategy stock to
- 3:09outperform almost the entire the S&P 500, leading to companies
- 3:15like Microsoft and Amazon to question putting Bitcoin on
- 3:19their balance sheet. I mean, over the last five
- 3:22years, the stock is up to 1362%. This was essentially a dead
- 3:32stock since the 2000s a.com crash.
- 3:37It went all the way down to $2.50.
- 3:40Fast forward, you know, 20 years later, essentially the stock
- 3:45went up to $16.00. But it's not like a huge,
- 3:47massive winner. And the moment he adopted a
- 3:51Bitcoin strategy, you'll see what happens.
- 3:54This thing literally hockey sticks up for our audio
- 3:58listeners. And what's fascinating again is
- 4:02you see all the bears on micro on on micro strategy on X.
- 4:07You're saying short this, short this.
- 4:09I think we're seeing a phenomenon that the debt based
- 4:13system that we live in is not ready for.
- 4:17So when Sailor goes on these news networks and says stuff
- 4:21like the first country to use their Fiat money printer to buy
- 4:27Bitcoin is going to win, that's essentially what he's leveraging
- 4:33his company to do. Because it's you're using
- 4:37something that you can create for free and you're using it to
- 4:42buy something that has absolute scarcity.
- 4:45Like if we take Joe Burnett's, you know, numbers at face value,
- 4:52there is no 36 million Bitcoin, just like there's 50 to 60
- 4:58million millionaires all around the world, but there's only 21
- 5:01million Bitcoin. It's the same math.
- 5:05Something's going to something's got to give at one point and
- 5:09what that thing's going to give is number go up.
- 5:13We have this breakout, what people call it, you know, the
- 5:16the last cycle, so to speak. And I think all bets are lost
- 5:21when nation states start acquiring Bitcoin.
- 5:24You think what Sailor is doing is interesting?
- 5:28Wait till a central bank that can just print money out of thin
- 5:32air does the exact same thing. I think this is just going to
- 5:38blow people's minds because people still don't understand
- 5:41two things. Thing number one is Bitcoin is
- 5:45designed to go up forever. Laura and thing #2 is absolute
- 5:50scarcity. It's a concept that's extremely
- 5:53hard to get your head around, especially if you're trying to
- 5:55if you're just getting into Bitcoin like for example, gold
- 5:59is scarce. The thing is, when the price of
- 6:04gold rises, the more production of gold comes along with it.
- 6:09Think about it, if the price of gold double S, then miner gold
- 6:14miners are incentivized double to mine more gold.
- 6:19So the inflation rate of gold is roughly around 1 to 2%.
- 6:25The inflation rate of Bitcoin currently, it's at like 1 one
- 6:28point something, but it's literally destined to go down
- 6:32forever because of the halving and because of the absolute
- 6:36scarcity. And that's that's what makes
- 6:39Bitcoin so uniquely different. And I think it's going to take
- 6:43the financial world by storm. Now, not everyone agrees with
- 6:46this. Here's Joe Park, and he says
- 6:49MSTR is not issuing 10 billion shares to buy 3 trillion worth
- 6:53of Bitcoin. I can't believe I'm tweeting
- 6:56this on Christmas Eve. Now, what I would say is, when
- 7:02MSTR adopted, did we lose? Gen.
- 7:05Z did when MSTR adopted a Bitcoin strategy four years ago
- 7:12back in 21, the market cap of MicroStrategy was roughly $1
- 7:17billion. The market cap of MicroStrategy
- 7:21today is 100 billion. He 100 exed his company using a
- 7:27Bitcoin strategy in four years, four or five years.
- 7:33Now apply that to individuals. Bitcoin has completely changed
- 7:38my life economically. Career wise, it's done the same
- 7:43to Opti. Do you think it's a coincidence
- 7:46that the first country that made Bitcoin legal tender, and of
- 7:50course I'm talking about El Salvador, has the most popular
- 7:53president in the Americas. He has a 93% approval rating.
- 7:59Do you think that's a coincidence?
- 8:01Just like it's a coincidence that the first company that
- 8:05adopted a Bitcoin strategy is outperforming the rest of the
- 8:08S&P 500. That's a coincidence too.
- 8:11Just like it's a coincidence with me where all of a sudden
- 8:16housing and groceries are not getting more expensive for me
- 8:21because I'm on a Bitcoin standard.
- 8:22Everything is getting exponentially cheaper.
- 8:26In fact, if you look at groceries or housing or energy
- 8:30over A5 year scale, they've all gotten 90% cheaper.
- 8:34For me, because I've been living my life on a Bitcoin standard,
- 8:38the world has not awakened to it yet, but I think it's going to
- 8:42take the world by storm and I think a lot of people are going
- 8:46to be incredibly surprised. Anyways, I'm going to pass it on
- 8:50to Opti. But before I get to that, I do
- 8:53want to give a shout out to the roughly 1100 of you guys
- 8:56watching live between YouTube and X.
- 8:59If you guys are enjoying the show so far, make sure to smash
- 9:02that like button. It really, really helps with the
- 9:05YouTube algos really helps with the rumble algos really helps
- 9:09with the X algos really helps push this message forward.
- 9:12So smash that like button Opti all yours, man.
- 9:15This is crazy dude, 100X100XI mean like who would have
- 9:21thought? Who would have thought?
- 9:22But again, like it's not surprising because I've been on
- 9:26a Bitcoin standard for eight years now and I could and I and
- 9:30I know how it's radically changed my life for the better.
- 9:33And I could see I could say the same thing about you, man.
- 9:36Like Bitcoin is the. Hack.
- 9:39Yeah, no, without a doubt, Bitcoin is very obviously the
- 9:42hack. And you know, someone in the
- 9:43chat said Time magazine man of the year for 2024 is obviously
- 9:49Michael Saylor. I think this is he's been
- 9:52putting on a master class. He's been putting on a master
- 9:54class all year long. And I think the real big signal.
- 9:57Well, first of all, the funny part is I I didn't know Bitcoin
- 10:00had 36 million coins. So that's news to me.
- 10:02You know, shots at the Joe Burnett for the breaking news
- 10:05here. Now obviously I'm trolling it.
- 10:08It just means that the Bitcoin on the market or rather the
- 10:11bitcoins that you hold will be more expensive.
- 10:13You know, if you really think about it, the Bitcoin market cap
- 10:16right now is at $2 trillion. If $3.3 trillion does enter the
- 10:20market, obviously if you look at kind of the data here, it's it's
- 10:23optionality. So he will be able to issue that
- 10:26much, you know, that many shares and obviously it's all going to
- 10:30go into Bitcoin now. I think the real signal here is
- 10:34that all year long, Sailor has been putting on a master class
- 10:38for every other CEO and corporation in the world right
- 10:41now. And he's really forcing their
- 10:43hands. He's really doing the the meme
- 10:45like, hey, if you don't want to compete in Bitcoin, if you don't
- 10:48want to buy Bitcoin, that's fine.
- 10:49I will scoop up as much Bitcoin as possible.
- 10:51I will convert as much debt as possible, and I'll just keep
- 10:54stacking Bitcoin. And he's really kind of doing
- 10:56the have fun staying poor meme right now where it's like, hey,
- 10:59you know, Microsoft or sorry, yeah, Microsoft, you don't want
- 11:02to buy Bitcoin. Your shareholders don't want to
- 11:04buy Bitcoin. Well, that's cool what my
- 11:07shareholders do and we're going to do whatever we can to buy as
- 11:11much Bitcoin as humanly possible.
- 11:13And I think this is going to catch on very clearly next year.
- 11:17It's still a little early. We've seen and we've covered
- 11:19this year, so many things have changed in the Bitcoin landscape
- 11:22over the year of 2024. And I think 2025 is going to be
- 11:26a crazy year. Obviously, we've been covering
- 11:28this all year. We are kind of at the year end
- 11:30wrap up, but the big changes are obviously the Bitcoin ETFs,
- 11:34institutional capital is is finally able to get into
- 11:37Bitcoin. We're seeing nation states talk
- 11:39about Bitcoin and then of course the faz be rule change and then
- 11:42also the talks of banks custodying Bitcoin.
- 11:45So things are fundamentally changing and sailors out here
- 11:49like, OK, I think sailor even himself is starting to feel the
- 11:52FOMO of all of us talking about wow, well, how high is the price
- 11:56going to go next year? And if it goes that high, then I
- 11:59can't acquire as much Bitcoin as I want to.
- 12:01And so you're seeing him starting to make very quick
- 12:04moves to try to acquire as much Bitcoin as humanly possible.
- 12:07And let's not forget, you know, we, we kind of glossed over it
- 12:10in the beginning, but he issued the, the same amount of
- 12:14convertible debt to buy $42 billion of Bitcoin.
- 12:17And as the math shown, he's pretty much bought an all he's,
- 12:21he's already deployed, I think it was like 30 something billion
- 12:24of that convertible debt into Bitcoin.
- 12:27So he's even feeling the the same thing that all of us are
- 12:30probably feeling where it's like, like, man, you guys still
- 12:33have Fiat. Like, how can I get more Fiat to
- 12:35buy more Bitcoin though? He's doing it on a level that
- 12:38most of us can't comprehend. And I actually saw a really good
- 12:41tweet this morning. It was something on the lines
- 12:43of, you know, 1% of the population understands Bitcoin
- 12:47and then like 1% of Bitcoiners understand what MicroStrategy is
- 12:50doing. And I, I think I fall into that
- 12:5399% where I don't, I, I can't claim to, you know, say that I
- 12:57understand everything that sailors doing.
- 13:00But man, he is really, really putting on a master class to
- 13:05show how to run a corporate level and acquire as much
- 13:08Bitcoin as possible. So we'll, we'll see what happens
- 13:11in 2025. I, I think sailor is going to
- 13:14become the richest man in the world pretty soon.
- 13:15You know, Elon much better. Watch out.
- 13:17I, I completely agree. I think that he's competing
- 13:21again. It's like, you know, and I, and
- 13:23I see this, I can't talk about it because first of all, I don't
- 13:26have, I don't have experience to talk about it at, at those
- 13:29levels, you know, public companies and all that.
- 13:32But I could talk about it from an individual level.
- 13:35I see all my normie friends and they're struggling to pay the
- 13:38rent and you know, they're, you know, they're just getting by.
- 13:43They live this like very nihilistic existence.
- 13:45I live in Miami, right. So it's like, it's like the
- 13:48short time preference capital of the world, very, very fun, but
- 13:52like, you know, not if you're trying to build a career or
- 13:55build a family and, you know, trying to get ahead economically
- 13:59and all that. And, you know, I, I, the
- 14:03difference between someone who's adopted a Bitcoin standard and
- 14:08someone who's still in the Fiat standard is night and day.
- 14:11You have a cheat code to your financial future and you know it
- 14:18and it's not easy. This is not a get rich quick
- 14:20scheme. I love Lops quote on this, which
- 14:23is it's not a get rich quick scheme.
- 14:25It's a don't get poorly scheme. Don't get, don't get.
- 14:29It's. It's not.
- 14:31A get rich quick scheme. It's a don't get poor slowly
- 14:35scheme. Exactly right.
- 14:36Like all Bitcoin is doing. And and I I love Jeff Booth's
- 14:39take on this because it's so insightful.
- 14:41It's incredible. He basically makes the argument
- 14:45that the world should be naturally deflationary because
- 14:48of all the advances in productivity and technology.
- 14:51The problem is that because governments keep manipulating
- 14:54the markets and money, the common Joe, the average everyday
- 14:59individual is not feeling those benefits.
- 15:03You know we all know the trope, you know in Bitcoin land, right,
- 15:06what the F happened in 1971, same questions like what the F
- 15:11happened in 1971, you know and you just see all the charts
- 15:15again. Is that a coincidence too, just
- 15:17like the the El Salvador coincidence, just like the
- 15:20MicroStrategy coincidence, just like the coincidence on an
- 15:23individual level of Bitcoin adoption.
- 15:26These must these are just all incidences or it could be that
- 15:29the money is broken and despite the money being broken, markets
- 15:34are still functioning anyhow. But imagine how markets would
- 15:38perform and how different wealth building would be if the world
- 15:44adopted a sound money standard. And I think we are in the midst
- 15:48of that happening. It's fascinating to watch.
- 15:51Anyways, I do want to welcome our special guests.
- 15:53We had a little bit of technical difficulties yesterday and, and
- 15:56starting today, that is Christmas week and Opti and I
- 15:59are both travelling. We're with our family.
- 16:01So I apologize for that. But the show don't stop.
- 16:04Gen. Z, welcome to the show.
- 16:06What are your what's your take on Michael Saylor and his stock
- 16:11performance since adopting a Bitcoin strategy?
- 16:14I think, can you, can you hear me first of all?
- 16:17Yeah. I think is it?
- 16:21Is it good? Yeah, a little staticky, but
- 16:23it's OK. OK, I'm, I'm sorry about that.
- 16:27I think that it is like very incredible that all the big
- 16:32money's going in. And I think it's really cool
- 16:35that people are starting to take advantage of it and be able to
- 16:39use it against Fiat money. And I think that's like amazing.
- 16:45And I think that people should be educated on what's actually
- 16:49happening with the company. I've watched a few videos.
- 16:51I'm not like no any economic genius or anything, but I do
- 16:55think that it's pretty cool what they're doing and more people
- 16:59should learn about it around my age.
- 17:01And I think it's going to be like an opportunity for people
- 17:03to learn because everybody my age wants to make money and they
- 17:06just need to like learn the right things from the right
- 17:09people. And I think that could be really
- 17:11good learning point. Absolutely, 100%.
- 17:14I 100% agree with you man. And you know, it's, it's
- 17:18inspiring. And the reason that we wanted to
- 17:19have you on the show today is, you know, then I say this all
- 17:23the time if you guys are regular simply Bitcoin viewers.
- 17:27It you know, if you are a Gen. Z or sorry, if you are a
- 17:31millennial or a if you're a millennial or a millennial or a
- 17:37Zoomer, you don't have the opportunities that your parents
- 17:42had. Things are expensive, housing is
- 17:46expensive. You don't have as much economic
- 17:49opportunities, but that's only if you are using Fiat as your
- 17:54unit of account. So our generation, we are not
- 17:58adopting Bitcoin for speculative reasons.
- 18:01We are adopting Bitcoin out of necessity, right?
- 18:05And you know, I say this all the.
- 18:06Time on on on my X handle. I don't know if I could say it,
- 18:09but you know, there is no alternative.
- 18:12It's it's it's Bitcoin or you know, it's discontinuation of
- 18:16not being able to save for a better future.
- 18:18And that's extremely nihilistic and depressing.
- 18:21Bitcoin is literally hope anyways.
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- 20:00well. All right everybody, let's get
- 20:01to the numbers. We have lots to talk about.
- 20:03Let's check it out. We'll be right back.
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- 21:54Anyways guys almost 2000 live viewers between YouTube and X.
- 21:58If you guys are enjoying the show so far, make sure to smash
- 22:03that like button. Help us Break 150 likes within
- 22:06the. 1st. 30 minutes of the show.
- 22:09At the time of recording, the Bitcoin price is $98,650.
- 22:14Block height 876,189 SAT's per dollar 1014 Market cap 1.95
- 22:24billion Bitcoin verse gold market cap 10.71% Percentage
- 22:30issued 94.28% Decline from all time high -8.9% Realized
- 22:37monetary inflation 1.12%. In the grand scheme of things,
- 22:43we are just getting started. All right, everybody moving on
- 22:47to the next bit. This article by Yahoo Finance,
- 22:51Optiou was covering it yesterday, but we do have some
- 22:54clips of you guys again, if you're connect, if you are to
- 22:57connect the dots with what we were talking about earlier on in
- 23:02the show regarding the coincidence that for some reason
- 23:07anyone or any institution or any country that adopts Bitcoin
- 23:12makes it legal tender, puts it on it's balance sheet for some
- 23:15reason, just coincidence. Their life improves, their stock
- 23:18price goes up. That's just a coincidence,
- 23:20right? You couldn't like it's, it's
- 23:22just a coincidence. It's, it's, it's happening
- 23:23across the board. So Rumble secured a $775,000,000
- 23:30investment from tethered. I know Opti feels a certain way
- 23:33about stablecoins. I personally like stablecoins.
- 23:36I think they're a great stepping stone towards Bitcoin,
- 23:41especially in developing countries.
- 23:42Initially, what Bitcoiners anticipated was that in
- 23:47developing countries you would see this mass adoption of
- 23:50Bitcoin. There is an adoption of Bitcoin
- 23:52in developing countries for sure, without a doubt.
- 23:55However, what is getting adopted more in developing countries is
- 24:01stable coins, specifically Tether.
- 24:03USDT is incredibly popular all around the world.
- 24:07Why? Because if you are in Kenya, or
- 24:10if you are in Cuba, or if you are in Venezuela, you cannot
- 24:14open AUS dollar account. And you live in a country where
- 24:20there's a great deal of inflation.
- 24:24So what do you do? You can just download a wallet
- 24:28and all of a sudden you have access to dollars.
- 24:30Now is it Bitcoin? No, but again, we understand
- 24:35inflation because you know, and I'm assuming most of our
- 24:38audience because we we do have the analytics for you.
- 24:40For for that. Most of our audience lives in
- 24:42the developed world. And if you live in the developed
- 24:46world, you know you have the financial privilege of dealing
- 24:49with 2%. At the height of the pandemic,
- 24:52it goes 10 percent, 8% maybe for a little bit, and then it went
- 24:55down. If you live in the developing
- 24:57world, you're dealing with multi year double digit inflation and
- 25:08you cannot conceive what that's like.
- 25:11Imagine if you make a salary and all of a sudden one month from
- 25:15now your purchasing power of the salary gets reduced by 50%.
- 25:21It's unsustainable. That's why you're seeing so much
- 25:24record Tether USD adoption now. What I think is going to happen
- 25:30eventually, just like in the developed world, a lot of us
- 25:34have realized that the dollar's a scam, inflation is a scam,
- 25:39Bitcoin's a better unit of account.
- 25:42We already have that advantage. We already have that like
- 25:47experience. They don't necessarily have that
- 25:51over there. They're just trying to survive
- 25:55and for them tethers a way of survival and I think eventually
- 25:59when they're not dealing with just surviving, they're dealing
- 26:02with living and they're able to build wealth.
- 26:05All roads eventually leave to Bitcoin because Bitcoin is the
- 26:08better money. So you know, I know understand
- 26:12some Bitcoiners feel a certain way about it.
- 26:14That's how I feel about way about it.
- 26:16Another thing too also is that you know this thing is a huge
- 26:20deal. The fact that they invested in
- 26:25one of the largest video free speech platforms in the world is
- 26:29absolutely massive. Now here's some of the details
- 26:32that goes on to say digital assets company Tether made a
- 26:35$775,000,000 strategic investment disclosed by Rumble
- 26:39after the announcement. Rumble stock price is up 76%.
- 26:44Under the deal, Tether will buy 103 million Rumble Class A
- 26:48common stock shares at $7.50 each from the earnings.
- 26:53Rumble intends to deploy 250 million to support its financial
- 26:58sheet and drive its growth objectives.
- 27:01The remaining money will help to finance a self tender offer for
- 27:05up to 70 million Class A common shares, therefore giving
- 27:09liquidity to owners. And here's a clip of the Rumble
- 27:14CEO being interviewed, I believe on Fox Business.
- 27:17Let's check it out and we'll be right back.
- 27:19This is a widely adopted currency and you know,
- 27:23contrasted to what your previous guest said, it is being used,
- 27:26it's being used multiple different ways.
- 27:27And one of the ways that I would like to see it being used is on
- 27:30Rumble where creators can receive donations in BTC or
- 27:35Tether. They can receive donation or
- 27:37even get paid in BTC or Tether or U.S. dollars, whatever they
- 27:41they prefer. And that's kind of the the, the
- 27:43way we're moving the the company and.
- 27:48All right, everybody and we're back here is the CEO of Tether,
- 27:54Paolo and he's comment on it and he says Tether is actively
- 27:58working with it's partners to build the widest real world use
- 28:02cases for BTC and USDT and other common freedom tech.
- 28:08Our dedication goes to the hundreds of millions, likely
- 28:11billions, of people in our network of reach.
- 28:14Unstoppable, Unstoppable will be a great 2025.
- 28:19Now what's really interesting too is here is the CEO of Rumble
- 28:24commenting. Imagine you can easily tip your
- 28:27favorite creators with BTC or USDT, correct directly on
- 28:32Rumble. And I said bullish on Rumble.
- 28:34Give us a follow. Yes, we do.
- 28:36We pay a lot of attention to our Rumble channel, stream all our
- 28:38shows there and we've been uploading all our content there
- 28:41from Dante and Rustin as well. So anyways, I want to pass on to
- 28:46Opti get your thoughts on this because I think it's I think
- 28:49it's incredible news that, you know, a free, a video free
- 28:53speech platform like they, you know, advertise themselves, get
- 28:58such a big investment. And then again, do you think
- 29:00it's a coincidence that as soon as that investment was made, the
- 29:03guys on X basically saying, hey guys, you know, we're going to
- 29:07be able to add? Bitcoin tip functionality very,
- 29:10very quickly, like, you know, that's beautiful to see in real
- 29:13time. Now, Opti, I know you're not
- 29:16such a big fan of, of, of stable coins like I am, but what's your
- 29:21what's your take on this? I think it's a it's a huge net
- 29:23positive for the industry in my opinion.
- 29:26Yeah, well, yesterday I think when I covered this, the stock
- 29:30only hit like, well, hold on, only hit a 55% increase and the
- 29:34see it end at the very end of the day with a 75% increase on
- 29:38its stock prices. I think more signal to the idea
- 29:41that if you start adopting Bitcoin that it's going to
- 29:44increase shareholder value. And obviously I think it's a
- 29:47match made in heaven between Rumble and Bitcoin.
- 29:50And, you know, we love Rumble and we constantly as content
- 29:54creators are always thinking about can you know, Rumble get
- 29:58some mindshare or have a bigger network effect than YouTube
- 30:02eventually, or I think it does. I think it does, and mind you, I
- 30:06wanna preface that I love YouTube as a platform.
- 30:09Yeah, I grew up on YouTube. Still, I consider myself a
- 30:13YouTuber. But it's good to have multiple
- 30:16platforms competing for views because that creates
- 30:19competition, right? So I just wanted to.
- 30:21Preface it with. No, yeah, no, totally.
- 30:22And that that's the that's the fundamental question.
- 30:25And I think with them adopting Bitcoin, I think that is how
- 30:30they do get a lot of the mindshare and the network effect
- 30:33to push them a little, you know, over the edge here.
- 30:35And I think it's obviously a match made in heaven, free
- 30:38speech and Bitcoin is obviously, you know, symbiosis and it
- 30:43really is a no brainer. And so I'd love to see this move
- 30:46by Rumble. I think this is an incredible
- 30:48move. Obviously yesterday when I
- 30:50covered this news, my, my Internet and all that was acting
- 30:53up a little bit and I was really more just covering the news.
- 30:55But I think everyone here knows kind of my take on stablecoins.
- 30:59I think Bitcoin is superior money than Fiat money.
- 31:02And I, it does feel like stablecoins are just a way to
- 31:05dollarize the world. I think Bitcoin is going to
- 31:08eventually take over. I think all roads lead to
- 31:10Bitcoin, hence why I am a little more negative in regards to
- 31:13stablecoins. But we all do know, or at least
- 31:16we hope, that going to stable coins like Tether is a first
- 31:20step to eventually getting to Bitcoin.
- 31:22I think my main concern is that people don't take that next step
- 31:26and they just stay in Tether. And I think that that would be
- 31:30obviously a misstep by a lot of people, hence why I'm always
- 31:33like, yo, you need to get the Bitcoin.
- 31:35All roads lead to Bitcoin. But very clearly this is a solid
- 31:39move by Rumble and it's obviously increasing shareholder
- 31:42value. And I think this is kind of
- 31:44going back what we've been saying in the beginning of the
- 31:46show, that every country needs to on some level have a Bitcoin
- 31:51plan, whether it's getting investment by Bitcoin companies,
- 31:54whether it's adding Bitcoin to their balance sheet or doing the
- 31:57micro strategy strategy and getting convertible debt to
- 32:00stack as much Bitcoin as humanly possible.
- 32:02I think we're going to see in 2025 that more companies, very
- 32:06big companies might I say, are going to embrace Bitcoin.
- 32:10And if you embrace Bitcoin very late, then you know you're not
- 32:13going to be able to compete in the digital age.
- 32:15And I think these companies in 2024 that have taken that step
- 32:19are just proving what we've been saying forever.
- 32:21They're proving the theory correct that if you embrace
- 32:24Bitcoin, this is a good thing for your company, this is a good
- 32:27thing for you individually. Everyone should be embracing
- 32:30Bitcoin on every level. And now we're seeing that by the
- 32:33end of 2024, we have some really big names doing this.
- 32:36And I think Nikka, we, we basically said this in the
- 32:38beginning of the year that 2024, we're going to see some awesome
- 32:40names and huge names come into Bitcoin, even talk about
- 32:43Bitcoin. Now it's, it's only a matter of
- 32:45time until the dominoes fall. And I think that's going to be
- 32:47in 2025. Yeah, 100 percent, 100% agree
- 32:51with you, Gen. Z, What is your take on this?
- 32:57I think that everything Opti was saying is true and I agree more
- 33:01with that. We need to stick with Bitcoin, I
- 33:03think as just a superior currency to everything else.
- 33:07And Bitcoin will always beat Fiat.
- 33:10And yeah, I think we should keep it at that.
- 33:12With me, I don't know too much about other stuff.
- 33:17I'm going to be honest. It's more of a Bitcoin or guy
- 33:19it's. Short, short and to the point.
- 33:21All good. My friend, I want to ask you,
- 33:23let me. Let me.
- 33:24Let me, let me, let me. Pivot the the the question in a
- 33:26second. So you know, Genzi, we're
- 33:28talking about this earlier on and Opti, we'll have to pivot a
- 33:32little bit during the culture and just adapt it.
- 33:34But you know. Let's talk about that.
- 33:37You know, I'm assuming you've adopted Bitcoin.
- 33:39You adopted Bitcoin at a very young age.
- 33:41Obviously you know. How has it changed your life?
- 33:46So I got into it when I was about 13 because of my mom and
- 33:51my household doesn't make a ton of money or anything like we're
- 33:55not like we're, we're fortunate to have.
- 33:58I'm fortunate to have what I have.
- 33:59I'm very grateful, but definitely not like doing very,
- 34:03very stable. I can't buy anything I want to
- 34:05buy, and I know I won't be able to buy anything when I'm older
- 34:09without Bitcoin. And I think it has an
- 34:11opportunity to help me and other people own my own wealth.
- 34:15Like when I work, I'm going to be able to gain all the wealth I
- 34:17can from that and keep it the same and not let other people
- 34:21manipulate the money that I use. It's going to give me an actual
- 34:24source of money, like what we've been missing out on.
- 34:26I've been reading lots of books over the last few years, like as
- 34:30much as I can. I'm not very good at reading and
- 34:32understanding kind of how world history have worked.
- 34:34Like in my class right now this year, learning about world
- 34:37history and what's happened with all the other empires and how
- 34:40they all ultimately fell either because of power or money.
- 34:43And whenever they lost power and religion, because people could
- 34:47start to move around the world, they had to gain power and money
- 34:50to be able to pull strings whenever they wanted to.
- 34:52And with Bitcoin, I think it's going to kind of be the checks
- 34:54and balances of the world and help individual people like hold
- 34:59their value. Like every, everybody can do
- 35:02their own thing and be valuable to other people.
- 35:04But when the money's corrupting it, it like evaluates every
- 35:07single person. So that's what I think.
- 35:10Absolutely, I think that's a really good point.
- 35:12We're going to fully explore this man.
- 35:14You know, I, I wish I had that type of wisdom, you know, in my,
- 35:18in my earlier years, me too. But you know, it's this is this
- 35:22is what it's all about is educating the next generation on
- 35:25on alternative money, not only an alternative money, but an
- 35:29alternative mindset that comes with Bitcoin.
- 35:32I tweeted this out. I think it was like one or two
- 35:35days ago, But you know, I had like a Eureka moment late last
- 35:39night or a couple nights ago and I was basically thinking like
- 35:43when you have Bitcoin in self custody and you do that for a
- 35:46long. Period of time, it will
- 35:48fundamentally change who you are as a person and how you view the
- 35:52world fundamentally, right? And this is an educational
- 35:57thing, like this is a message that we need to continue
- 36:00providing towards the future generations so that they wake up
- 36:04and they actually adopt the money that values their time and
- 36:08energy and work. That, you know, think about it,
- 36:11you spend all this time working for, for what, For a money that
- 36:14another person can create out of nothing like that Sounds like a
- 36:18scam. And I think it is a scam.
- 36:19I think inflation is one of, you know, I think it's, it's, it's
- 36:23something that they've been able to get away with because they've
- 36:27been able to control the mediums of information.
- 36:30For a long time, but now that the Internet has essentially
- 36:34opened up abilities to, for people to seek the information
- 36:39they which they they wish to seek to do their own research,
- 36:42to think critically, you know, eventually push comes to shove,
- 36:47they're going to have to ask a very basic, they're going to
- 36:50have to answer a very basic question.
- 36:52Why is inflation necessary? Like, why should inflate?
- 36:57Like, why is it necessary? We already pay taxes.
- 37:00We agree to taxes. It's part of the law.
- 37:02It is what it is. That's the discussion for
- 37:04another day. But we, I don't think anyone has
- 37:07ever agreed to pay the money tax.
- 37:10And the inflation without a shadow of a doubt is a form of
- 37:14taxation. And it's not the it's not
- 37:16companies doing this. It's not, you know, price
- 37:20gouging or Putin or war or whatever it is.
- 37:23It is literally because the central bank is debasing the
- 37:28currency, full stop. That's the only reason, and I
- 37:32don't think that has gone out enough yet, but I think we're
- 37:36getting there. I think we're making tons of
- 37:38progress. I believe I saw Jack Mahler's on
- 37:41the Tim Poole show the other day.
- 37:43That's a great example, right? Anyways, guys, we're gonna get
- 37:46to the news. We have tons to talk about.
- 37:48Let's check it out. We'll be right back.
- 37:50I want to give a very special shout out to our sponsor,
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- 40:01Everybody, let's get to today's news.
- 40:05So let's show it. Let's check it out.
- 40:06By the way yeah, it's incredible audience today really appreciate
- 40:10it. Guys, if you guys are enjoying
- 40:11the show so far, we're about to break 200 likes on YouTube.
- 40:16Make sure to smash that like button and I'm reaching our I'm
- 40:19raising our target to 250. So again, if you guys are
- 40:23enjoying the show so far, smash that like button.
- 40:28All right, everybody, let's get to today's news.
- 40:31So first, First off, you know, we all remember this news about
- 40:35Putin signing a law to legalize cryptocurrency mining in Russia.
- 40:41Russian President Vladimir Putin has signed into law a bill
- 40:44legalizing cryptocurrency mining in Russia from November 1st,
- 40:482024. The document is published on the
- 40:51website for official publication of regulatory acts.
- 40:54The law provides definitions for such terms as cryptocurrency
- 40:58mining, mining pool, mining infrastructure operator.
- 41:01In particular, the law proposes defining the activity of
- 41:04cryptocurrency mining as the activity of conducting
- 41:08mathematical calculations by means of operating technical
- 41:11means for making records and an information system that uses, in
- 41:15particular, distributed registered technology for
- 41:18issuing digital currency or receiving.
- 41:21I don't even know what that word is.
- 41:22The point is, is that they made this big splash about legalizing
- 41:26cryptocurrency currency mining. Then Putin on one of the videos
- 41:31that he did of him being interviewed, they were basically
- 41:34asking him like, hey, you know, you know, Bitcoin and this
- 41:38Bitcoin, then he's like, look, Bitcoin can't be banned.
- 41:40You know, that's one of the and he said it in Russian, of
- 41:42course. And that was my terrible,
- 41:44terrible attempt at copying a Russian accent.
- 41:47But you know, then we got this news literally like a month
- 41:51later, Russia enacts 6 year blanket ban on Bitcoin mining in
- 41:5610 regions. It continues to say Bitcoin
- 41:59mining will be banned in 10 regions and territories.
- 42:03And it goes on to, I'm not even going to try to pronounce that.
- 42:05I'm sorry guys. A bunch of regions in Russia.
- 42:08It goes on to say Russia will also enforce partial
- 42:10restrictions on mining operations in three Siberian
- 42:13regions during the winter, aligning with high energy
- 42:17consumption periods. These restrictions are set to
- 42:19start from January 1st to March 15th.
- 42:23It goes on to say the ban. The ban effects both mining
- 42:26pools and individual cryptocurrency mining
- 42:28activities. The list of regions and
- 42:31territories is not final and is subject to change based on the
- 42:35decisions made by the Commission responsible for the development
- 42:38of the electric power industry. These restrictions aim to ensure
- 42:43a balance on energy consumption while considering the needs of
- 42:47various industries. Since November, mining in the
- 42:50Russian Federation has been legalized, provided that
- 42:53individuals submit information on the required assets and
- 42:57cryptocurrency addresses to the Federal Tax service.
- 43:01It goes on to say rushing mining pool.
- 43:04E4 pool shut down it's operations earlier this month,
- 43:08citing regulatory restrictions. Now this all reminds me of an
- 43:13article that Alex Gladstein wrote four years ago.
- 43:17And the name of the article is Bitcoin as a Trojan Horse for
- 43:19Freedom, he goes on to say. And this is, I think, the part
- 43:23that sticks out the most. The Trojan horse has been
- 43:26popularized in computer science as a malicious program disguised
- 43:30as a helpful update. But it is.
- 43:32Also an effective metaphor for how Bitcoin stealthily co-ops
- 43:36actors who do not care about or do not like freedom to promote
- 43:40it anyway. The meme begins with wealthy
- 43:42individuals, corporations and soon governments.
- 43:45This is where we are. This article was written four
- 43:47years ago, which see Bitcoin as a glittering digital gold.
- 43:50Out of self preservation and greed, they're incentivized to
- 43:54buy mine and or one day tax this new prize to accumulate the
- 43:59soundest money and gain an advantage over their rivals.
- 44:03Bitcoin does, after all, on an exterior look very appealing.
- 44:07It is the best performing financial asset in the world
- 44:10over the past 12 years. I mean, this is what's
- 44:15happening, right? And later on in the article, he
- 44:18goes on to mention that freedom go up technology and number go
- 44:25up technology are inextricably linked, meaning you cannot
- 44:29disconnect the two. But that's not going to stop
- 44:32dictators and oppressive governments from wanting to
- 44:36benefit from Bitcoin. But saying, you know, I want to,
- 44:39I want all the the number go up, but none of the freedom stuff.
- 44:43The freedom stuff is terrible. But The thing is you can't
- 44:45disconnect the two. It's a runway.
- 44:47It's a one way Rd. So it's just fascinating again
- 44:51to see this game theory. You know, Russia couldn't help
- 44:55itself when this news broke out that Russia you know that we got
- 45:01BTC sessions my brother from another Mother Mother in the
- 45:04chat. Putin wants no competition while
- 45:06they mine on the low for the Kremlin.
- 45:08Exactly spot on. So yeah, I mean, like, like
- 45:12think about it from from that perspective, right?
- 45:14Like it's like, you know, they they want all the benefits, but
- 45:19they don't want to lift the restrictions up on their
- 45:22citizens. However, I think as Alex
- 45:25Gladstein pointed out, it's a Trojan horse.
- 45:27Like once you let that in, you can't go back.
- 45:30And again, this doesn't surprise me because I was really
- 45:33surprised when Putin said, hey, we're going to unban Bitcoin
- 45:36mine. Me and Opti were like, wait,
- 45:37what the heck is going on, right?
- 45:39But they can't help themselves. And this is another part that I
- 45:42love about Bitcoin that a lot of people don't understand, which
- 45:46is Bitcoin exposes all incentives.
- 45:49So if you are a tyrant, regardless of whether you're
- 45:53left or right, Bitcoin will expose you for who you are.
- 45:57And that's what it's all about anyways.
- 46:00Opti, what's your take on all this?
- 46:02I mean walking it back, walking it back.
- 46:05Bro, what's going on? Well, I mean really Nika, are
- 46:08are we surprised? I think you laid out the case
- 46:10really well. You know, everyone knows Bitcoin
- 46:12is freedom. Putin's even been saying that.
- 46:15But it is very interesting. But it's like you can't ban
- 46:17Bitcoin. Ban Bitcoin mining, you know.
- 46:20Yeah, exactly. Well, it is interesting.
- 46:21So like, you know, I'm really being reminded of the meme on
- 46:26Twitter. You know, like in Mother Russia
- 46:27meme. You know, like in Mother Russia,
- 46:29we can use Bitcoin, but our citizens can't.
- 46:31And it is really interesting that on the state level, they
- 46:34see the problem. You know, they've been kicked
- 46:36out of the SWIFT system. They're looking for new payment
- 46:38mechanism. They're looking for a new
- 46:39currency. They're even trying to, you
- 46:41know, make their own currency. And because they see that what
- 46:44we've all been talking about is bitcoiners for a long time that
- 46:47the dollar has been weaponized. If you're an enemy of the US,
- 46:49then you obviously going to kick off the dollar system.
- 46:52The dollar still were reserve currency.
- 46:54And so it's funny that on the highest level you have Putin
- 46:58basically saying you can't ban Bitcoin.
- 46:59And then within this country, he's like, yeah, actually, you
- 47:02know, you have to, you know, go through all these obstacles for
- 47:05you to become a Bitcoin miner. So it, it is a very interesting
- 47:09take. And I I think diving into this,
- 47:11Nico, it would be very interesting if we could get the
- 47:13the data on how rich those regions are with energy.
- 47:18And it really it goes back to, you know, the have fun staying
- 47:21poor me minute. And it's really horrible if you
- 47:23really kind of break it down, because I would argue that those
- 47:26are probably very high energy areas.
- 47:30And the fact that they're basically saying like, oh, you
- 47:32can't mine Bitcoin, We're going to ban it for five years.
- 47:35It, it, it's a dumb move. It, it's a bad move, obviously,
- 47:39like very clearly as anyone that understands the Bitcoin
- 47:41incentives. But are we surprised?
- 47:44Like, no, not at all. We we know that on a state
- 47:46level, Russia's obviously looking for a money that they
- 47:49can't be sanctioned off of. And so of course they are kind
- 47:53of talking out of two sides of the mouth.
- 47:55They're like, yeah, we're we'll probably use Bitcoin on the
- 47:57state level. But when it comes to our
- 47:59citizens, you know, you can't just mine Bitcoin.
- 48:02You're going to have to go through all of the the
- 48:04legalities and regulations to sign up to mine Bitcoin.
- 48:09And I'm sure those regulations and laws and standards are very
- 48:12stringent, which means most likely it's not going to be
- 48:15anyone that wants to mine Bitcoin will be able to mine
- 48:18Bitcoin. So am I surprised?
- 48:20Not at all. I think it was very surprising
- 48:22at first that we heard Putin talk about even embracing
- 48:26Bitcoin. Obviously he's being forced on a
- 48:28nation state level, considering that Trump is talking about
- 48:31Bitcoin and, you know, embracing Bitcoin, a strategic Bitcoin
- 48:35reserve. And so Russia kind of had to
- 48:37come out and say something similar just to compete.
- 48:40But hey, it it's are we surprised?
- 48:43Like not at all. It it is going to be interesting
- 48:45to see if this stands. Obviously banning people from
- 48:49mining Bitcoin for five years is like the worst kind of
- 48:53handicapping you can do to your citizens or even to your economy
- 48:57and the the companies over there.
- 48:59So it is a very interesting seeming kind of wild move that
- 49:03we're seeing. But like Nico pointed out, you
- 49:05know, Bitcoin is the Trojan horse for freedom.
- 49:07So are we surprised? Like not at all.
- 49:10But it is, it is kind of, it is kind of horrible to see.
- 49:12Hopefully they would embrace Bitcoin, but I'm not really
- 49:16surprised. It is just a weird move, like
- 49:18just kind of looking at it on the surface, like what a strange
- 49:21move. And it's obviously a very bad
- 49:23move if you ask me. 100 percent, 100%.
- 49:28Jen Zier, what are you thinking about this brother?
- 49:30What are you thinking about this?
- 49:31I know, I know you're talking about earlier.
- 49:33You're just focus on your life and building your stack and
- 49:36just, you know what you're doing.
- 49:37But I don't know if you want to offer a couple quick takes
- 49:40before we get on to the culture. Yeah, sure.
- 49:43So I'm still learning as a kid and a person like everything I
- 49:47can learn. And one thing I would ask myself
- 49:50about like this question is what makes the country rich and what
- 49:54makes the country poor? Like it may be obvious to you
- 49:56guys, but like I'm a kid, I have questions like that.
- 49:59And I could say is it the answer?
- 50:02That question? Is it how much you can get your
- 50:04citizens to work for you for free?
- 50:06Pretty much. If you can print your own
- 50:07currency and pay your citizens that currency you're printing,
- 50:11does that make your country rich?
- 50:13The citizens definitely aren't rich.
- 50:14They don't have any buying real buying power.
- 50:17And with Bitcoin being a thing that you cannot print, I think
- 50:20governments are trying to get a hold of that.
- 50:22Like of course, it's giving them through actual first real power
- 50:25you can buy would be Bitcoin. You have power across the whole
- 50:28world, but they don't want their citizens getting that.
- 50:31But for them to get the Bitcoin, like you said about the Trojan
- 50:35horse, they're going to have to start like showing that they're
- 50:38buying it and using it. And they're worried that they're
- 50:42going to lose the control over their citizens with Bitcoin.
- 50:45And I think that's what's happening.
- 50:47I mean, I know their their country's not ran the same way
- 50:50America is for sure. And with the Dick, the
- 50:54dictatorship, the big dictator. Dictator, Yeah.
- 50:58I don't even really know how Russia works, if I'm being
- 51:00honest. I'm not political or anything.
- 51:02But that's what I think, that they're going to lose control of
- 51:04their citizens, and that's their definition of wealth and powers,
- 51:08how they can control their citizens with Bitcoin, they
- 51:11won't be able to. You get what I mean?
- 51:14Yeah, I know exactly what you mean.
- 51:15That is words of wisdom, man. Absolutely, 100%.
- 51:20I think that's absolutely spot on.
- 51:23And yeah, I mean, dude, I, I wasn't speaking like that at
- 51:27your age, you know, there's. Help for the youth, Nika,
- 51:29there's help for the youth. Very, very wise.
- 51:32And I think that's a great statement, right?
- 51:33You know, I think it boils down to control.
- 51:36And again, that Alex Gladstein article just keeps, you know,
- 51:39kind of repeating in my head. But anyways, guys, it's going to
- 51:42be a great show. We still have a ton to get to,
- 51:45so stay tuned. We'll be right back.
- 51:47We're going to hit the culture. Let's check it out.
- 51:49I want to give a shout out to our sponsor Hive Digital
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- 52:37Alright everybody, I do want to give a shout out to our sponsor,
- 52:40Bitblock. Boom, you definitely want to go
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- 52:45conferences of the year and it's going to be hosted in Dallas, TX
- 52:49April 3rd, 4th, 5th and 6th of 2025.
- 52:54The whole simply Bitcoin crew will be there, Nico opti, Dante
- 52:58Rustin. It's going to be one of the
- 53:00biggest Bitcoin celebrations of the year, one of the best, and
- 53:04of course, it's going to be in the beautiful city of Dallas,
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- 53:28Guys, you definitely don't want to miss again one of the
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- 53:38through the 6th of 2025. Use promo code BBB 21 to get
- 53:45$100. Off of your ticket, all right.
- 53:49So I do want to open up this conversation.
- 53:51We have Gen. ZBTC joining us today on the
- 53:54show and shout out to the 2000 of 2600 of you guys watching
- 53:59live between all platforms. And we're on the verge of
- 54:03breaking 250 likes on YouTube. So I appreciate you all.
- 54:07If you guys are enjoying the show, make sure to smash that
- 54:10like button. So what I saw Gen.
- 54:12ZBTC is a lot of people in the chat were saying that they loved
- 54:16your podcast. I didn't know you had a podcast.
- 54:19Could you talk a little bit about about it?
- 54:22I don't have a podcast but I've been on a few with some
- 54:26different people. So fake.
- 54:27News in the chat Fake news in the chat Let.
- 54:30Me, let me translate what the chat.
- 54:33Let let's start with the. Let me no, no, no hold.
- 54:35On hold on, let me translate what the chat meant.
- 54:37That meant that people love seeing him on podcast.
- 54:41That's what that's what the that's what the that's what it
- 54:44meant. And yeah, so Opti, I think that
- 54:47is a great question. What is your rabbit hole story,
- 54:50Jen? ZBTC.
- 54:52OK, so is it OK if I yap for a minute?
- 54:55Yeah, go for it bro A. Little bit.
- 54:57So I'm just an average kid. I've grown up with a single mom
- 55:00my whole entire life in a house. I love playing sports, love
- 55:04being active, physical. I play football.
- 55:07I've done wrestling for four years and I did football for
- 55:09four years. And I wouldn't say there's much
- 55:12that separates me from any like normal kid at all.
- 55:15Until probably about the 7th grade.
- 55:18I had social media. I'll be scrolling.
- 55:20And one thing I realized is that I don't want to be poor when I
- 55:23grow up. What I meant by poor is that I
- 55:26want to be able to afford to take my family and friends out
- 55:31and not have to worry about the bill or be controlled by
- 55:33something like that. And that's like a very big
- 55:35statement to make. Like when I'm young, like I
- 55:37would say, oh, I want to be rich when I grow up.
- 55:39I was in middle school. That's something I would say a
- 55:41lot. That's just like, I don't know,
- 55:43I just thought it was like really interesting thing to
- 55:45think about like that people have the ability to do better
- 55:48than others without putting in the same amount of work.
- 55:52You get what I mean? And that was something that I
- 55:55thought about a lot whenever I was younger.
- 55:57And I was just like trying to see what I can do to take a step
- 56:00at starting doing that. So I've got my first book, which
- 56:04was Rich Dad, Poor Dad, which is my favorite first book that I
- 56:06read. And I enjoyed it.
- 56:08I thought it was really cool. And then my mom got into Bitcoin
- 56:12and I think I don't want to say the wrong dates.
- 56:15I think it was 2020. I don't know if if I'm wrong,
- 56:18I'm wrong. It doesn't matter too much.
- 56:20She got in probably about like 20,015 thousand just like kept
- 56:24going up and stuff. And she would always have videos
- 56:26out on the main TV. And I remember that was the
- 56:28years that I was playing lots of games in my room and I would
- 56:32come out of my room and see her watching it.
- 56:34She like she would be like Ben, if you're interested, go look at
- 56:36the video on this Bitcoin thing. It's pretty cool.
- 56:39I never really did. I could kind of careless.
- 56:41I was playing Fortnite with all my friends, having a blast on
- 56:44the computer or Xbox. And then slowly one day my mom
- 56:49told me about the Canada trucking incident during COVID
- 56:53when they all were forced to take the vaccine.
- 56:56And like, I don't remember too much about all the facts, but I
- 56:59remember being surprised how much control they had over the
- 57:03truckers and what they were trying to force them.
- 57:06And then I went down this rabbit hole of learning about Bitcoin
- 57:08my first time and learning that it has a bigger value than the
- 57:12dollar. Like then just making money.
- 57:14Like I thought it was just something that people would make
- 57:16money with, like any other person would assume.
- 57:18And then I learned that that's like the perfect thing for my
- 57:21life goal of being in control of my own life would be owning
- 57:25Bitcoin. And then that kind of just sent
- 57:26me down the rabbit hole of learning as much as I can.
- 57:29I'm not that technical yet because I really can't be.
- 57:32It's not like I have tons of money to put into it.
- 57:34I'm trying to learn as much as I can.
- 57:36And my mom would always say one Bitcoin equals one Bitcoin.
- 57:39And I didn't even understand that for probably like a whole
- 57:42six months. Like you can hear that statement
- 57:45and be like, Oh yeah, one Bitcoin's always one Bitcoin.
- 57:47But it really doesn't make sense until you understand the whole
- 57:51roots of Bitcoin. If you have to understand how it
- 57:54works, why it's important. And I kind of just did that over
- 57:58years at school. I would read books.
- 58:00My kids would make fun of me at school for reading.
- 58:02But like, not in a bad way. Like I don't really care.
- 58:04I play football and wrestling. So if you hear me saying that,
- 58:06it's not like a big deal. It's just friends messing with
- 58:08me. But they would make fun of me
- 58:09for reading instead of like sitting with them or messing
- 58:11around or during lunch. I went to my first conference in
- 58:15Miami, Miami my mom took me to and she was really brave to take
- 58:19me and her alone to the conference and we met a ton of
- 58:22cool people. But leading up to the
- 58:24conference, I remember I was so excited and I just read so many
- 58:27books about Bitcoin and school and that's about it.
- 58:33Recently I've just been trying to stack as much as I can for
- 58:35Christmas. I still don't have a job
- 58:37technically I can't work yet like full hours until I'm 16.
- 58:40I'm currently 15 and I'm just trying to find a way to save up
- 58:44some stats right now and then get a job in the future.
- 58:48Yeah, I do. I appreciate your mom for, you
- 58:50know, signing the release form to get you on the on the show.
- 58:54So shout out to your mom for that.
- 58:56And again, dude, like, you know, one of the things that, you
- 59:00know, when I was when I was your age, I was not thinking about
- 59:05money and getting wealthy. But one of the things that I do
- 59:09regret now that I'm in like my early 30s is God damn, I wish I
- 59:16started sooner. You know?
- 59:18So like 10 years from, and I have a theory and I've heard
- 59:23this many times through whatever, but I really started
- 59:27like focusing on building my career when I was 2223.
- 59:33And it really takes 10 years. Like there is no skipping that.
- 59:38It takes 10 years to like you're going to go through the first
- 59:42couple of years, you don't even know what you're doing.
- 59:44You're just trying to get your gauge on what to do.
- 59:48And then all of a sudden you start to you start to kind of
- 59:52connect the dots. And if you really put your mind
- 59:56to it, you know you're going to be in a much better place than
- 59:59when you were ten years ago. But I think it takes 10 years
- 1:00:02minimum to build wealth. If you just put your just sole
- 1:00:06dedication to it, thinking about it, you know, entrepreneurship,
- 1:00:10thinking about different ideas, failing, getting up after you
- 1:00:14fail, betrayal, heartbreak. All of it.
- 1:00:17Goes into it. Opti's been here for some of
- 1:00:21that. And if you power through oh, and
- 1:00:25consistency and discipline to be consistent.
- 1:00:27But if you're, if you power through that man, like it's not
- 1:00:31a question of what if you will succeed.
- 1:00:34It's just a question of when. And I know that if I started
- 1:00:37sooner, I would have learned those lessons much earlier and I
- 1:00:41would be in, I would be in a different place than I am today
- 1:00:46at an earlier age, right? So I think you're on the right
- 1:00:48track and you're all these things and concerns that you
- 1:00:51have, it's good like because you have to power through them.
- 1:00:55The faster you power through them, the faster you're going to
- 1:00:58get to like the next level. It's all part of the process.
- 1:01:01Like the NVIDIA CEO like had a video, it like semi went viral,
- 1:01:06but basically he like said something along the lines of
- 1:01:09like, you know, like what I tell my employees is that like they
- 1:01:13need to suffer essentially, you know, they need to suffer in
- 1:01:16order for them to succeed. And like there's no going around
- 1:01:21that. Like there's there's no going
- 1:01:23around the suffering. You have to suffering.
- 1:01:25It's part of the process and you know, it's how you grow as a
- 1:01:29human being and that after a certain period of time, you
- 1:01:34know, eventually you'll find some type of success, some level
- 1:01:38of success. I don't know what that is.
- 1:01:40But you know, again, most people your age aren't even thinking
- 1:01:42about that. They're thinking about having
- 1:01:44fun. What's going on in the weekend,
- 1:01:47whatever you're, you're thinking about wealth building, you know,
- 1:01:49So when you're, you know, when you're 10 years from now, 20
- 1:01:53years from now, dude. You'll still be.
- 1:01:56Below your 40s, you know, like so you still have a huge runway
- 1:02:01of, you know, of, of a lot of wealth, wealth building
- 1:02:05opportunities, man. And I and I think in this
- 1:02:07Bitcoin world, again, it's so it's, I don't want to say it's
- 1:02:10easy, but it's a lot easier than traditional finance.
- 1:02:14So that's what I have to say on that.
- 1:02:15Opti, do you have any takes? And then we'll wrap that.
- 1:02:18Actually, I, I, I told, I told Gen.
- 1:02:21Z before the show that even at 15, you know, with no job, just
- 1:02:25having this fundamental understanding, I think you're
- 1:02:28way ahead of everyone else. And I, you know, like Nico
- 1:02:31saying and, and to echo that, like, I wish I had this 10 years
- 1:02:34ago as well. You know, I was saying at 20, I
- 1:02:36would be happy even understanding Bitcoin, let alone
- 1:02:39at 15. And so this is a perfect segue
- 1:02:42into considering, you know, you're 15 years old.
- 1:02:45I, I really just want to know, like, what are your friends?
- 1:02:47Or rather, if you try to orange pale people your age like, what
- 1:02:51is their thought process around Bitcoin?
- 1:02:54Most of the thought processes are that I'm an idiot or that
- 1:02:58they don't care. It's either or normally there's
- 1:03:01no in between. I mean, like I've met some kids
- 1:03:04who are like, yo Ben, hook me up on that Bitcoin and I'm like,
- 1:03:09OK, I will text me later and I promise you I'll sit on a call
- 1:03:13with you and get you a wallet and send you a dollar in sats.
- 1:03:17And then I never get a text. Like if I I've tried like
- 1:03:21explaining it to some of my like closer friends or they're not my
- 1:03:23friends anymore, but like you should be closer friends and
- 1:03:28they really don't care. Like kids my age won't care
- 1:03:31unless it has an immediate effect on them.
- 1:03:33Like they here get good grades, go to college, but it doesn't
- 1:03:38have an effect on them. It's like hearing when you're
- 1:03:41really little brush your teeth or else you get cavities.
- 1:03:43Like you hear that, you know, it's true because everybody says
- 1:03:46that. But like once you get that first
- 1:03:48cavity, you're going to you're going to brush your teeth every
- 1:03:51single day because I have how to get a cavity filled before.
- 1:03:54Oh, it's bad. You get what I mean by that.
- 1:03:55So like, kids are going to hear get good grades, go to college
- 1:04:00and like, they could mess up or go to college and like drop out
- 1:04:04or not actually like follow up their degree and then get in
- 1:04:08debt and it'll be too late. They're going to be screwed.
- 1:04:12And I think that Bitcoin is going to be the thing that
- 1:04:16teaches people with communication about like how to
- 1:04:21just get in control of your life, have a stable life.
- 1:04:23Like, what's the word for it? Like have inner peace in your
- 1:04:26mind? That's like my goal.
- 1:04:28And to be able to help other people get to do that, whether
- 1:04:30it's being healthy, socially healthy.
- 1:04:32And part of being socially healthy is to have enough money
- 1:04:35to do what you would like to do. Not everybody has to be a
- 1:04:38billionaire, but I think everybody should be able to do
- 1:04:40what they like and work for it if they want to.
- 1:04:43I feel like in today's world, if you really want something, a lot
- 1:04:47of people can work as hard as you can for 20 years and you
- 1:04:49won't be able to get to it just doing normal stuff, working
- 1:04:54normal jobs. Totally agree bro.
- 1:04:57Actually there was a good comment earlier in the show.
- 1:05:00So it was Ron P. He said he met you in Miami and
- 1:05:04he was asking if you could tell the story about you.
- 1:05:08I think he said telling your teacher to have fun staying for
- 1:05:11if. If you don't want to talk about
- 1:05:12it, that's fine, but I I think that'd be kind of a funny story.
- 1:05:15Yeah, so I definitely didn't say have fun staying poor.
- 1:05:19Maybe that's the I probably said that if I'm being honest, but I
- 1:05:24wouldn't say that to a teacher's face.
- 1:05:25I'm not disrespectful, but when somebody starts being
- 1:05:29disrespectful to me and like insulting me, I don't like it
- 1:05:32that much. Like I'm a wrestler, I'm
- 1:05:34football kids, I don't I don't like when people talk rude or
- 1:05:37disrespectful for no reason, especially when you're not
- 1:05:39educated on whatever you're talking about.
- 1:05:41It was an English teacher I didn't get along too well with.
- 1:05:44Got in trouble a few times for like going to the bathroom.
- 1:05:46She said not to because I had to go pee.
- 1:05:49She like called the whole office and we were beefing a little bit
- 1:05:51during the year. And I don't ever beef with my
- 1:05:53teachers. I normally try as hard as I can
- 1:05:55to stay on good terms with them. But one day it started with a
- 1:06:00presentation. We were doing presentations
- 1:06:02about different stuff that was supposed to be in the future.
- 1:06:05I didn't get to pick the future money presentation, the
- 1:06:08economics, but I did pick the future food and I did a whole
- 1:06:12presentation about beef and how good meat is really important.
- 1:06:16And we don't have to get into that.
- 1:06:17But I did a ton of research on how grass fed beef is way better
- 1:06:20than normal beef and that everybody should be eating a lot
- 1:06:23more meat than we do. And I did that presentation.
- 1:06:26At the end of it, the teacher said, disclaimer, everything he
- 1:06:29said is wrong. Don't listen to him.
- 1:06:31You'll get heart problems if you eat meat.
- 1:06:33And then that just like that felt really disrespectful
- 1:06:36because she had zero clue what she was talking about and it was
- 1:06:39really wrong. And I did all my research on it.
- 1:06:42And then some kid was like, Ben, tell the teacher how bitcoins
- 1:06:47going to change the world because they knew that that was
- 1:06:50going to start something. And then that's whenever it went
- 1:06:53off. And then she was like, Bitcoins
- 1:06:55stupid. And I was like, why?
- 1:06:57And she was like, because it's not backed by anything.
- 1:06:59I'm like, what's the dollar backed by?
- 1:07:01And she was like, the dollar is backed by the government and the
- 1:07:03trust of all the people. I'm like, well, the bitcoins
- 1:07:06backed by the trust of everybody around the whole entire world.
- 1:07:11And then it just kind of went off and like I, I can't like
- 1:07:14argue with the English teacher in front of all the kids because
- 1:07:17she was talking loud because she knew everybody was listening.
- 1:07:19Like we weren't arguing like this was after class was done or
- 1:07:23like about to be done. And it ended up just like kind
- 1:07:27of going bad, kind of going good.
- 1:07:29We ended up on good terms, but she was just trying to tell
- 1:07:31everybody to like, stay away from Bitcoin, don't risk, stay
- 1:07:35in traditional marketing. And I didn't like that the
- 1:07:37teacher was saying stuff that wasn't true when she is the
- 1:07:41teacher of the future generations that are going to be
- 1:07:44working. Like, I don't think that's fair.
- 1:07:45Do you get what I mean? Like that's the thing that like
- 1:07:47messed me up, especially the meat thing when she just said I
- 1:07:50was should have wrong when I did like factual research that class
- 1:07:54for like a whole hour. That was the thing.
- 1:07:57Well, it sounds like you were born to be a bitcoiner dude.
- 1:08:00Aren't you disagreeable? Yeah, yeah, dude, that's, that's
- 1:08:05funny. Yeah.
- 1:08:06I, I, I, I remember, you know, when I was.
- 1:08:11Wait Nico, tell your little presentation story real quick.
- 1:08:13TLDR. You know, yeah, I mean, you're, you're like, like I
- 1:08:17never got like all my teachers said I was going to be a
- 1:08:20failure. They still made fun of me.
- 1:08:24Like, like they not make fun of me, but like, like I like I I
- 1:08:28can read in my head perfectly, but some words because like
- 1:08:31Spanish is my second language. I learned I learned English at a
- 1:08:33like a, a later age. I still can't pronounce some
- 1:08:37words. So like, you guys see it on the
- 1:08:38show. I don't try to hide it.
- 1:08:40I own it. They're like, you know, you have
- 1:08:44all these shortcomings and you don't have, you don't check all
- 1:08:46the boxes. Like you're never going to make
- 1:08:47anything of yourself. And I got so much peer pressure
- 1:08:50to like join like, you know, start college and whatever.
- 1:08:53But it got to a point where I said like, no.
- 1:08:56And mind you, Gen. Z.
- 1:08:58This is like before. Like you can even think about
- 1:09:02building a business online or anything like that, but I
- 1:09:05dropped out of college. It was the.
- 1:09:07Best financial decision I've ever made in my life because all
- 1:09:11I did was focus on Bitcoin after that.
- 1:09:14And look at me now, you know, all those teachers, right?
- 1:09:18Like you guys dropped the ball, you guys got it wrong.
- 1:09:21So like, you know, it's like, I think that the school system,
- 1:09:27the way that it's currently set up is, comes from the industrial
- 1:09:32era. It comes from an era that no
- 1:09:34longer exists. And it like essentially the way
- 1:09:38that I see it and the way that I felt it and you're telling me
- 1:09:42that story and I'm like, that sounds familiar.
- 1:09:45Is it it? It makes you like a cog in the
- 1:09:48wheel, makes you like a cog in the system.
- 1:09:51And if you have independent thought and independent
- 1:09:54thinking, you can't question certain things.
- 1:10:01The problem is that like, what if the thing that you're
- 1:10:04questioning is wrong in the 1st place?
- 1:10:07Like, you know, like this, this goes down to like first
- 1:10:11principles like, you know, and, and so many times like building
- 1:10:16this with Opti from so many people, they called this crazy.
- 1:10:20They said it was impossible. You can never build a business
- 1:10:22out of this. Like I've heard this like so
- 1:10:25many times. But I've been on YouTube for
- 1:10:28eight years. I like, I know content, like I
- 1:10:31understand this. And I, they, and I was getting,
- 1:10:34you know, feedback and advice from people that didn't make
- 1:10:38content. And like, Long story short, it
- 1:10:42was like, like, you know, they were.
- 1:10:45Wrong, right. So what I'm trying to say to
- 1:10:48you, man, is like, if you believe it in your heart that
- 1:10:52you're right, and especially if you did the research and you
- 1:10:54know that you're right, like follow your heart like every
- 1:10:58single time like and it doesn't matter where that where that
- 1:11:02person is authority wise, like I'm not.
- 1:11:05Of course, like you have to listen to your parents.
- 1:11:07That's really important. But I'm, I'm talking about the
- 1:11:10outside. If you know that you're right,
- 1:11:12like follow your heart, follow your intuition.
- 1:11:15Your intuition's not going. To fail you right like 99% of
- 1:11:19the time your gut feeling is 100% spot on.
- 1:11:24And I wish more people would have told me that earlier on in
- 1:11:28the road. I would have made a lot less
- 1:11:30mistakes, right? So, yeah, I mean, it's a it's an
- 1:11:34interesting phenomenon, man. But I think that because you
- 1:11:37found Bitcoin early on like you did, I think you're going to
- 1:11:41turn out fine. And you know, whether that's
- 1:11:44entrepreneurship or, you know, a career in the Bitcoin industry
- 1:11:48or career and whatever you know. Speaking of that, I want to say
- 1:11:52one thing my goal right now as I am sophomore year in high school
- 1:11:56and I'm not on track to go to any like Ivy League colleges or
- 1:12:00anything. I don't have bad grades.
- 1:12:02I have a good like 3.2 GPA or something like that decent in
- 1:12:05school and I've been playing sports and know my proof of work
- 1:12:09due to wrestling like that's a big thing that translate.
- 1:12:12My goal right now is going to be to probably intern for a company
- 1:12:16or my my main goal is going to be to go to conferences and go
- 1:12:21talk like that's what I want to do.
- 1:12:23I don't know if anybody in the chat could be able to help me
- 1:12:25with that. I really want to just be able to
- 1:12:27go out to conferences and I feel like I could make a difference
- 1:12:29with my voice and help educate young adults and even kids and
- 1:12:34like just get the word of education out and like Peace of
- 1:12:37Mind to like Bitcoin is the option.
- 1:12:40So I just wanted to say that to all the listeners.
- 1:12:43Anybody could like DM me or something?
- 1:12:46Anybody knows anything that would help?
- 1:12:49For sure, man, for sure. All right, I actually, we, we
- 1:12:51are getting, I think we'll probably wrap up in a minute.
- 1:12:54But hey, Ben Gen. ZBTC, if there is a Zoomer out
- 1:12:59there listening or maybe we can clip this, what would be your
- 1:13:03TLDR? 2 minute elevator pitch for a
- 1:13:06Zoomer to get into Bitcoin. Also smash the like button where
- 1:13:09285 likes help us break 300 likes before we end the show.
- 1:13:14There's 550 of you guys watching live on YouTube.
- 1:13:18All you got to do is smash. The like button smash the like
- 1:13:20button really really helps getting this message forward
- 1:13:23anyways. I'm sorry I didn't hear.
- 1:13:28You say it again. All right, So say you're talking
- 1:13:30to a Zoomer right now and a fellow Gen.
- 1:13:33Zier. How would you pitch Bitcoin to
- 1:13:35them? Bet.
- 1:13:37OK. So I would pitch Bitcoin as not
- 1:13:41a way to get rich like you guys were saying.
- 1:13:43Want to pitch Bitcoin as a way to change your life for the
- 1:13:46better in whatever way you want to.
- 1:13:48If you want to do something and you're struggling with Fiat,
- 1:13:51then go to Bitcoin and I it'll make a difference in some way,
- 1:13:53whether it's getting healthy mentally, healthy physically, or
- 1:13:57healthy socially, using Bitcoin to help you with being able to
- 1:14:00do what you want to do. I would say just start sets like
- 1:14:04stacking stats as soon as you can and don't be afraid to go
- 1:14:08talk to people on social media or talk to people in person.
- 1:14:12Talk to people even just like going on Twitter and joining a
- 1:14:16spaces and just talking like it's so easy.
- 1:14:18Everybody's so nice in the Bitcoin space.
- 1:14:20Everybody's trying to help everybody else.
- 1:14:22It's like a group of people who are trying to just better the
- 1:14:24world as a whole. And I think it's such such a
- 1:14:27great opportunity. It makes me happy just to think
- 1:14:29about I'm a part of this and I can try to help other people.
- 1:14:32That's what I say. I would say stack every single
- 1:14:36dollar you can until you can't anymore.
- 1:14:39It's just like the option and educate yourself.
- 1:14:41Learn how to learn is the big thing.
- 1:14:44School doesn't teach us how to learn very well.
- 1:14:47Learn how to learn and just buy Bitcoin.
- 1:14:49That's probably it. Spot the F on drop mic moment,
- 1:14:56guys. We're heading.
- 1:14:58We're almost at the top of the hour and I do want to thank
- 1:15:02everyone for tuning in. Appreciate it.
- 1:15:06Like I said guys, smash the like button.
- 1:15:09Share this video if you feel like we provided you value.
- 1:15:11Today's episode on Christmas Eve is December 24th on 2024.
- 1:15:17We will be taking Christmas Day off.
- 1:15:20If you guys want some content, don't worry, I recorded
- 1:15:23something with Larry Leopard and we're going to be talking about
- 1:15:27his new book that just dropped and it is.
- 1:15:31It's going to be dropping tomorrow and then we'll see you
- 1:15:33back. We'll see you guys back on
- 1:15:35Thursday after Christmas. But yeah, we're unplugging for
- 1:15:39Christmas. But don't worry, we'll still
- 1:15:41have content for you guys cuz Honey Badger Media don't stop.
- 1:15:44But yeah, go check out Gen. Z, Gen.
- 1:15:46Z4, BTC on X. I'm your host, Nico.
- 1:15:50This is my legendary Co host, Optimus Fields, our guest for
- 1:15:54today, Gen. Z.
- 1:15:54Like I said, we're simply Bitcoin and we'll see you
- 1:15:57tomorrow for a brand. No, we'll see you Thursday for a
- 1:16:00brand new episode. Take care everybody, and Merry
- 1:16:03Christmas. Today's episode was brought to
- 1:16:06you by bitcoinwell.com, a Bitcoin only platform on a
- 1:16:09mission to enable financial independence.