Latest / Simply Bitcoin / OFFICIAL: Bitcoin JUST replaced This $370T Market!! | EP 1275

Transcript

OFFICIAL: Bitcoin JUST replaced This $370T Market!! | EP 1275 · Simply Bitcoin

• 0:00
  Yo, what just happened might confirm that Bitcoin is
• 0:04
  replacing the $370 trillion real estate market.
• 0:09
  The two biggest mortgage brokers just got forced to accept
• 0:14
  Bitcoin as collateral. This might might not be too
• 0:18
  exciting on its surface from like a number go up perspective,
• 0:23
  but I'm telling you this is a seismic shift.
• 0:28
  And the reason for that is a lot of us Bitcoiners and the newer
• 0:32
  generations, you have a lot of our wealth tied up in Bitcoin.
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  And Bitcoin is one of the best, I would say the most pristine
• 0:43
  collateral the world has ever seen.
• 0:46
  But essentially what has been stopping Bitcoiners from being
• 0:49
  able to tap into that wealth without having to sell it is
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  regulations from the government. So this is a big effing deal,
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  specifically if you live, you live in the US And by the way,
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  what tends to happen is usually regulations that get passed in
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  the US, other countries have to follow suit in order to remain
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  competitive with the US. So what is it that I'm talking
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  about? Well, yesterday, ladies and
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  gentlemen, this got released and it was essentially a from the US
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  Federal Housing FHFA. And it's basically announcing
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  that Fannie Mae and Freddie Mac maintain a pivotal role in the
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  US financial housing finance system by providing stability
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  and liquidity to the secondary market for residential mortgages
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  through prudent standards to help ensure sustainable long
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  term homeownership. And what it's saying is
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  cryptocurrency is an emerging asset class that may offer an
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  opportunity to build wealth outside of the stock and bond
• 2:00
  markets. Cryptocurrency has not typically
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  been considered in the mortgage risk assessment process for
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  mortgage loans delivered to to the enterprises without
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  converting the cryptocurrency to U.S. dollars prior to the loan.
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  the US Federal Housing FHFA has now deemed that the
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  consideration of additional borrow assets in the enterprise
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  single family loan risk assessments may enable the
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  enterprises to assess the full spectrum of asset information
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  available for reserves and now to facilitate sustainable home
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  ownership to credit worthy borrowers.
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  So what does all this mean? Well, let's look at some of the
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  community reactions beforehand. Here's Marty Bent of TFTC.
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  He's saying what's preventing Bitcoiners from using Bitcoin to
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  get a mortgage without having to sell?
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  Well, it's Fannie Mae and Freddie Mac guidelines.
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  Now that now has officially been changed.
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  Ladies and gentlemen, this is again, like I said, a pivotal,
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  pivotal shift here is Pulte. Pulte is the US director of
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  Federal Housing. And he goes on to say after
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  significance, after significant studying and keeping with
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  President Trump's vision to make the United States the crypto
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  capital of the world. Which is why I'm saying even if
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  you don't live in the US, this is coming to a country near you.
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  Today. I ordered the great Fannie Mae
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  and Freddie Mac to prepare their businesses to count
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  cryptocurrency as an asset for a mortgage.
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  Here is Michael Saylor and he says congratulations, Future
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  generations will remember this as the moment Bitcoin entered
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  the American dream. Now there's more to it, right?
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  And we're going to get to it because apparently this is only
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  allowed if the Bitcoin is custodied with US regulated
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  centralized exchange. So self custody is not included
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  in this, but we are one step forward.
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  And the reason they're, it's significant that it's only US
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  regulated centralized exchanges is again, always the risk of the
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  potential 61-O2 order in the future, but it is a step in the
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  right direction. Here's Eric Weiss commenting.
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  Eric Weiss was the man, the myth, the legend that actually
• 4:32
  convinced Michael Saylor to buy Bitcoin.
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  And he comments and he says Bill Pulte just compelled Jamie Simon
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  and Chase to custody Bitcoin like absolutely love that.
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  Here is Max Keiser Bitcoin OG. And he says another part of the
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  US government falls to Bitcoin. Mark Moss comments with Bitcoin
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  will be the base layer of the new financial system.
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  And of course, this is the original Bitcoin Magazine tweet
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  that says U.S. Federal Housing Finance Agency
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  issues order to count Bitcoin and crypto as an asset for a
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  mortgage. Now, here's Greenlit Candle and
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  he pointed out something really important about all of this.
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  It's in the highlighted section. Unfortunately, none of this is
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  with self custody. This has to go through
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  centralized exchanges, specifically US regulated
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  centralized exchanges. So anyways, Greenlit Candle says
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  Bitcoin can now be used as collateral for home loans in the
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  US, but no coins in self custody.
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  Currently the US has no collaborative custody models so
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  that so so there are no loans or products that allow you to
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  borrow against Bitcoin strictly in self custody.
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  These products take time to develop and refine.
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  There's a lot of lending products now coming to the
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  market which are great for hodlers around the globe.
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  Will the US ever count Bitcoin in self custody?
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  I doubt it, but this is a positive for the old American
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  dream of owning a home. Now here is Jesse Myers.
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  Jesse Myers is pointing out, right?
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  Look how big this market is. And when people start to say and
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  realize like just connect the dots, everybody, you got to
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  connect the dots. You got to bear with me, right?
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  So Bitcoin is now considered collateral for mortgage.
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  And if you're looking at Bitcoin as an investment, that is
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  something that you can now take into account when you're looking
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  into Bitcoin as an investment. You could say, Oh my God, wait a
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  second. If I buy Bitcoin, is it not only
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  the best performing asset the world has ever seen, I could
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  actually use this as collateral to buy my home in the future as
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  the Bitcoin price appreciates and as my Bitcoin holdings
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  appreciate in value. But I think it's a miss.
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  I think it's a drop ball. Here's Nick Newman, one of our
• 7:02
  partners, the CEO of Casa, And he says it looks like Bitcoin
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  held in self custody will not count as an asset for
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  consideration on home loans. This is a mistake.
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  And he tags the US director of Federal Housing.
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  Self custody is fundamentally aligned with American values.
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  It's trivial to prove ownership of BTC in self custody.
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  I'm happy to explain how and help now.
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  Nick continues to say for people saying then they can't seize BTC
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  if you default, the BTC is not collateral for the loan so there
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  isn't a need to seize it. It's just being used to prove
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  your overall net worth to assess repayment risk if you lose your
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  salary unexpectedly. So that's an important part to
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  keep in mind, Jameson Lopp continues.
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  He's the CTO of Casa. He says hopefully it's a first
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  step. We need AVIP Bitcoin improvement
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  protocol for generic message signing that can cover multi sig
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  setups. Here is Ben Sharp and he says
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  for everyone freaking out about how you demonstrate ownership of
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  an address on chain, it's really not that hard.
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  Borrower, I have 25 Bitcoin lender.
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  Great, prove it. I need you to, I need you.
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  I need to send. I need you to send us 1.63798
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  Satoshi's and we will send it right back to you.
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  This won't prevent someone from misrepresenting ownership of the
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  wallet, but will demonstrate control of the wallet in the
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  end. If you're going to commit fraud
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  to get a mortgage, it's challenging to prevent that with
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  the Fiat system. Bank statements can be
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  Photoshopped easily. But if you're the sole owner of
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  a, you know, Bitcoin wallet and you have those keys, there's no
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  other way you can send Satoshi's from that wallet that you say
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  you own, right? So, yeah, I mean, this is
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  absolutely massive and this is a big, big win for the future
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  generations, as Michael Saylor pointed out in the original
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  post, because the future generations are putting more and
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  more of their wealth in Bitcoin. And the fact that you can't use
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  that said Bitcoin as collateral, the fact that you couldn't use
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  that said Bitcoin, the fact that you couldn't say, hey, you know,
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  what part of my net worth is in Bitcoin?
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  And you know, if they're basically sizing you up to see
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  whether you're worthy for a mortgage or not, the fact that
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  you couldn't say that, hey, guys, you know what?
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  This, these are part of my assets is absolutely ridiculous
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  and it was absolutely a regulatory hurdle, a regulatory
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  thing that was stopping it. There was no other reason for it
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  to be stopped. And that has completely been
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  reversed. And then that leads me to my
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  final point, which is elections have consequences, baby.
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  They really, really do. So this for Bitcoiners in the
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  United States, and therefore it's a big win for Bitcoiners
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  worldwide because I wouldn't be surprised if other countries
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  followed in the footsteps of the United States as it relates to
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  this law specifically and say, hey, you know what, yes, Bitcoin
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  can be used as collateral or Bitcoin can be used to prove
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  that you're holding considerable amount of wealth.
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  Why are we signaling out Bitcoin and digital assets and saying
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  they're not worthy of being assets when you're looking for a
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  loan that has changed completely and this is a big, big win,
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  ladies and gentlemen. And yeah, man, I don't know,
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  Opti, what do you think, bro? This is massive.
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  It's not like I'm ever going to get a mortgage or anything, but
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  I think a lot of people use mortgages and stuff.
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  I'm kind of coming from the like, why would I buy a home if
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  I could just rent one and not have to sell my Bitcoin at all
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  type of, you know, aspect anyways, Opti.
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  Yeah. Well, first of all, the irony
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  isn't lost on me that it is, what is it, Freddie Mac and
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  Fannie Mae, considering that Bitcoin was kind of created out
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  of the 2008 financial crisis and they were two of the biggest
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  players in that whole, you know, destruction of wealth.
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  You know, So I think it is kind of, on the one hand, ironic that
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  this is such big news, and on the other hand, you know, we can
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  also acknowledge that this is a big step forward.
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  We've been talking about this on the show for a long time.
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  I think Bitcoiners have been saying Bitcoin is pristine
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  collateral for a long time, perfect money, etcetera.
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  Well, now, whether we like it or not, and, and I think this is
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  good kind of baby steps. It's obviously not perfect and
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  I'll kind of break that down in a minute, but this is steps
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  towards Bitcoin being acknowledged for what it is.
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  Obviously, it's not going to happen overnight.
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  It's not going to be, you know, one big splash that essentially
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  forces the traditional financial world to basically accept
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  Bitcoin as we know it. It's going to be a lot of little
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  baby steps, a lot of tiny lashes that are going to get us to
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  where we think Bitcoin is going. But I think this acknowledgement
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  is huge. Again, we constantly talk about
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  this idea of, hey, you know, eventually, as Sailor always
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  says, Bitcoin is like holding Manhattan and you don't want to
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  sell your, you know, plot of land of Manhattan.
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  And this is moving towards that world where you can finally use
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  your Bitcoin as collateral. You know, you can you can show
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  them some holdings and basically prove that you don't, that you
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  have wealth. And it's funny, I literally just
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  got an apartment down here and, you know, not that I own any
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  Bitcoin, but if I did, I'm pretty sure I would have been
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  able to. If this was a normal occurrence
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  here and people were farther down the line, then yeah, I
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  could have showed them my, my, you know, my mythical, my
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  metaphorical Bitcoin holdings as collateral for me being a safe
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  tenant in these apartments. So, you know, just just a funny
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  kind of story there. But now moving towards obviously
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  the big glaring problem with this original ruling.
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  It's good that the new, what is it?
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  F housing financial, FHFA is finally forcing the big mortgage
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  brokers to accept Bitcoin. And one thing his tweet, I think
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  is kind of signal for where we're going.
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  I'm sure there's a lot of things going on behind the scenes that
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  we are obviously not Privy to until it hits the news.
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  But essentially saying like we are working towards making
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  America the Bitcoin capital of the world.
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  Now, we did hear yesterday something kind of similar come
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  out of the, I believe it was, it was a senator saying that they,
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  it was a Democratic senator too saying that we should probably
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  look towards Singapore as what our regulation should be.
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  And so we're seeing that slowly but surely it is moving in, I
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  would say maybe a general positive direction for
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  Bitcoiners. And this is what I want to see.
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  Obviously, I think we know eventually we'll get to the
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  point where everyone understands Bitcoin as pristine collateral.
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  But as of now this I I think this is close, but it's not
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  perfect. Obviously as bit corners as
• 14:22
  Bitcoin maximalist as a Bitcoin only company and person, you
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  want to see them essentially being okay with self custody.
• 14:29
  But again, there's so many, you know, dichotomies or opposites
• 14:34
  from Bitcoin to the traditional financial system.
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  So I'm not surprised that they're saying, you know, as
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  long as it's on AUS centralized exchange that, you know, this is
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  the only way you can prove. Again, not to rehash old
• 14:47
  stories, but we did hear, you know, Saylor at the Bitcoin
• 14:50
  conference talk about proof of reserves and kind of his
• 14:52
  concerns about it. But as, as just like a Bitcoin
• 14:55
  purist, you would love to see them get to the point where you
• 14:58
  can just kind of expose some of your holdings, expose the UTXO
• 15:02
  and then you're approved for collateralized loans, etcetera.
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  Also, while we were reading this, it did remind me of just
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  like how forward thinking Leaden is our our, our partner here,
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  because this is what they've been saying for a while.
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  It's like it doesn't matter about your credit reports.
• 15:16
  It doesn't matter about, you know, your credit score doesn't
• 15:19
  matter about your income, that these are, these should not be
• 15:22
  the things that approve you. Just it just matters whether you
• 15:25
  hold the Bitcoin or not. Now, again, it's not perfect,
• 15:28
  but I think it's a good step forward.
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  And I did see, you know the boys over at Anchor Watch shout out
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  to my boy Joe, he just got hired over there essentially say that
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  look, even if this is the case here, you there is ways through
• 15:41
  Anchor Watch where you can actually prove these holdings
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  without actually putting it on AUS centralized exchange.
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  So I think as Bitcoiners it really.
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  It's a step in the right direction.
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  Exactly. Yeah, it's a step in the right
• 15:53
  direction. And as Bitcoiners, one thing you
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  kind of learn throughout this process is that bitcoiners build
• 16:01
  like these products are being built in real time.
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  And you know, as the boys over at the bugle always say, you
• 16:06
  know, the the UX, what is this saying?
• 16:08
  They always say like the UX will be clunky or something like, you
• 16:12
  know, on a play on the revolution will not be
• 16:14
  televised. It's like the UX to freedom is
• 16:16
  not easy or something. I forget how they say it, but we
• 16:20
  are seeing that these products, this user experience, all of
• 16:24
  this stuff is being built in real time.
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  And this does also kind of lend to what we, we keep saying like
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  you are still early, even though Bitcoin is at 100K, it's been
• 16:33
  around for 16 years. It's the fastest growing
• 16:36
  technology in the last 16 years, growing faster than the
• 16:39
  Internet. It's the best performing ETF
• 16:41
  ever. And it, it still goes to show
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  like there's still a lot of work to be done.
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  So even though we do kind of think at times and maybe we go
• 16:50
  through these cycles that Bitcoin is inevitable, like
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  there's still a lot of work to be done.
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  And every single one of us is a part of that journey.
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  Everything we do pushes Bitcoin closer to the finish line and
• 17:01
  you know, everything that that is done now is really setting
• 17:04
  the stage for the future of what Bitcoin will be.
• 17:07
  And so again, you know, stay vigilant, make sure you are
• 17:10
  being loud and and getting your points across.
• 17:13
  Make sure you are running the software that you want to run.
• 17:16
  Make sure you are using the tools that you think are the
• 17:18
  best. Like this is how we continuously
• 17:21
  kind of not not to use a Bitcoin words, but form consensus around
• 17:25
  what Bitcoin should be. We are all a part of this, but
• 17:28
  you need to run on the code. You need to make sure that
• 17:31
  you're not using products you don't like.
• 17:33
  You know, you literally need to be the change you want to see,
• 17:36
  as corny as it sounds, but we're getting closer.
• 17:38
  Things are moving ahead. I think this is, as Sailor said,
• 17:41
  a huge defining moment. We're seeing the banks want to
• 17:44
  custody Bitcoin. We're starting to see that banks
• 17:46
  and these institutions, traditional financial
• 17:48
  institutions are looking at Bitcoin as pristine collateral.
• 17:52
  Soon we'll get to the point where everyone out there looks
• 17:55
  at Bitcoin as perfect money, but it's not going to happen
• 17:57
  overnight. It's baby steps, and I think
• 17:59
  this is going to be one of those huge steps moving forward, or
• 18:02
  rather huge points in history that we can look back and be
• 18:05
  like, remember when that happened?
• 18:06
  That was funny. It wasn't perfect, but hey, now
• 18:09
  it's perfect. And it's another indication too,
• 18:11
  that Bitcoin is being accepted into traditional, traditional
• 18:16
  finance, whether they like it or not.
• 18:18
  I love that comment from Eric Weiss.
• 18:20
  Eric Weiss basically saying, look, Jamie Dimon is going to be
• 18:23
  forced to custody Bitcoin. I do want to give a shout out to
• 18:28
  the Super chat that we got. I appreciate the $2.00.
• 18:31
  It came from 7 Ann, he says. Jeff Booth do not fall for the
• 18:38
  traps. And I, I will say this and I'm,
• 18:41
  I'm going to, this is actually a really interesting conversation.
• 18:43
  We're going to go down this rabbit hole, but I I do want to
• 18:45
  do like a high level kind of breakdown on, you know, the
• 18:49
  significance of this news and I'm I'm gonna have this pulled
• 18:51
  up while I do this summary for anyone who's tuning into the
• 18:56
  shop up like there. But essentially the TLDR is this
• 19:03
  for the first time, Fannie Mae and Freddie Mac who back who
• 19:07
  back over half of all US mortgages are being ordered to
• 19:12
  consider Bitcoin and other cryptocurrency as part of a
• 19:16
  borrow's reserves without requiring conversion to dollars.
• 19:20
  So it's saving you on taxes. That means borrowers who who are
• 19:23
  holding Bitcoin could qualify for loans they couldn't before,
• 19:27
  especially if they're self-employed.
• 19:30
  Or most importantly, like a lot of us watching the show, are
• 19:33
  digitally native earners. Underwriting standards will
• 19:37
  evolve to factor in non traditional wealth.
• 19:39
  This breaks the Fiat only monopoly on what counts as real
• 19:44
  financial stability. It pushes banks and lenders to
• 19:48
  build systems to track value and risk assessed crypto holdings,
• 19:53
  especially around volatility and custody.
• 19:56
  This unlocks a new class of borrower, A crypto holders who
• 20:00
  aren't cash rich on paper but actually have substantial
• 20:05
  amounts of wealth in digital assets.
• 20:08
  So this is a major legitimization milestone for
• 20:11
  Bitcoin in the US financial system.
• 20:14
  The government is basically saying Bitcoin is an asset with
• 20:18
  real world collateral value. The implications include Bitcoin
• 20:22
  is being treated like stocks or bonds for one of the most
• 20:26
  conservative sectors in finance, housing.
• 20:29
  It creates A precedent for Bitcoin as collateral, not in
• 20:32
  just mortgages, but eventually in other regulated lending
• 20:36
  markets, right? This is a big deal, housing
• 20:40
  mortgages, extremely conservative, but it is setting
• 20:43
  a precedent saying, hey, listen guys, Bitcoin is pristine
• 20:47
  collateral. Do you think it's a coincidence
• 20:49
  that Michael Saylor's there in the comments basically saying
• 20:51
  congratulations to the future generations, He knows the
• 20:54
  significance of this. And then lastly, regulatory
• 20:58
  clarity. Only Bitcoin held on US
• 21:01
  regulated exchanges will count, which also puts pressure on
• 21:04
  exchanges to tighten compliance and custody practices.
• 21:08
  So the bottom line is this, the US housing system just took a
• 21:13
  major step into integrating Bitcoin as a legitimate
• 21:17
  financial asset. If Bitcoin can be backed by a
• 21:20
  mortgage, it's no longer magic Internet money.
• 21:23
  It's real collateral in the eyes of Washington.
• 21:26
  This is a quiet but historic victory for Bitcoin adoption.
• 21:32
  So that's the TLDR about the significance of what just
• 21:36
  happened with this Freddie Mac announcement and Freddie May
• 21:40
  announcement. Absolutely massive.
• 21:42
  Now I want to get into this conversation with Opti before we
• 21:46
  move on to the news. We have a jam packed show for
• 21:48
  you guys today. We have a ton to cover, so you
• 21:51
  guys want to stay tuned and of course, smash that like button.
• 21:54
  Help us break 100 likes within the 1st 30 minutes of the show.
• 21:59
  So if you guys are enjoying today simply Bitcoin content,
• 22:02
  smash that like button. I think we got another super
• 22:05
  chat as well. Yeah, we did.
• 22:07
  Mika doesn't want to read it. Dustin Desi, if you could pull
• 22:10
  it up Opti, you'd appreciate it says our Opti knight powers
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  combine love it love it smash that like button.
• 22:17
  By the way, guys, if you guys are enjoying today simply
• 22:19
  Bitcoin live. But I, I want to break this down
• 22:22
  a little bit right in, in terms of, you know, this idea that
• 22:28
  owning a house is part of the American dream.
• 22:32
  So right now, the reason that housing is so expensive and is
• 22:38
  so out of the reach of most of Americans is because they've
• 22:45
  been overly financialized. They've been overly
• 22:48
  financialized because we in the Fiat system, you're forced to
• 22:52
  become a part time investor just to maintain your purchasing
• 22:56
  power. So if you're a really rich
• 22:58
  person, right, you're looking at real estate as investments,
• 23:03
  you're not looking at real estate as utility.
• 23:06
  So if you're really rich person, you might have 3 or 4 houses
• 23:10
  that you're sitting on that raises the value of that
• 23:14
  housing, I would say artificially.
• 23:18
  And it's not it's utility value, it's being seen as an
• 23:23
  investment. Now what does that do?
• 23:25
  Now what does that do for the for the younger generations?
• 23:30
  It basically out prices them out of the market because you have a
• 23:34
  rich person that owns 5 houses though the prices of those five
• 23:38
  houses go through the roof. If you just have one single
• 23:41
  family trying to afford a house, they can't do it because they
• 23:45
  get out priced by the very wealthy person that is buying
• 23:49
  those houses as an investment. I don't blame the very wealthy
• 23:53
  person. I'm not a communist.
• 23:54
  At the end of the day, they're looking out for their bags.
• 23:57
  They're looking out for their wealth.
• 23:59
  So they're saying, hey, you know what?
• 24:00
  I'm going to park my wealth into real estate.
• 24:03
  Why? Because you know what, it's
• 24:06
  increasing in purchasing power. Like it's actually like this is
• 24:09
  a great investment. I I've made money on this.
• 24:12
  The problem is not the fact that very wealthy people are buying
• 24:16
  all this real estate. The problem is that real estate
• 24:21
  has been is being looked at as an investment because the Fiat
• 24:25
  system forces people to invest just to maintain their
• 24:30
  purchasing power. Under a sound money system,
• 24:33
  under a Bitcoin system, the money itself, it will maintain
• 24:38
  the purchasing power. The money itself is the
• 24:41
  investment. So you if you are a plumber or a
• 24:45
  dentist or a doctor, you no longer have to become a part
• 24:50
  time investor just to maintain your wealth.
• 24:54
  You no longer have to buy an extra apartment, get some
• 24:58
  renters in there. You no longer have to outsource
• 25:01
  that to Wall Street wealth managers.
• 25:05
  All you have to do is buy Bitcoin, put it in self custody
• 25:09
  and your growth and, and your wealth will grow over time.
• 25:13
  And you can focus on your own practice what you're good at,
• 25:18
  right? So you can focus on plumbing, or
• 25:20
  you can focus on being a dentist.
• 25:22
  And you don't have to go and play these Wall Street games.
• 25:26
  What if you're not interested in investing whatsoever?
• 25:30
  We live in a world right now where you're forced to invest
• 25:35
  because if not, you lose purchasing power.
• 25:38
  So I'm going to weave this back in me as a millennial.
• 25:44
  Guess what, dude? Hey boomers, I'm not going to
• 25:47
  buy your real estate bags. You know what I'm going to do?
• 25:51
  I'm going to rent. That's all I'm going to do.
• 25:54
  I'm going to rent. I'm I'm going to I'm going to
• 25:56
  lock down a five year rent. Great, you know, perfect,
• 26:00
  fantastic. You know, this is this is great.
• 26:04
  This is wonderful, but I'm not going to buy the real estate
• 26:07
  bags that are overvalued because they've been financialized.
• 26:13
  They've been looked at as investments.
• 26:15
  And make no mistake, over the next, because think about it,
• 26:19
  who owns all the real estate? Who owns all the real estate?
• 26:23
  The older generations, the boomers.
• 26:25
  And what's going to happen in a couple in a decade or so when
• 26:30
  they're going to want to fund their retirement, they're going
• 26:32
  to start wanting to sell some of those extra houses.
• 26:36
  Well, you know what? I'm not going to be the one
• 26:39
  buying those bags. So what's going to happen to
• 26:42
  real estate eventually that real estate's going to go down,
• 26:46
  right? So I'm just saying, dude, like,
• 26:49
  you know, this is great news. This is wonderful.
• 26:52
  But if you actually look at what the definition of mortgage is
• 26:56
  like, I think it's like contract, like it, it's crazy.
• 27:00
  Like what the actual definition? What's the actual, what's the
• 27:04
  actual definition of mortgage like it's, it's, it's something
• 27:13
  crazy. It's like a life contract or
• 27:15
  something like that. No, no, yeah, yeah, yeah.
• 27:20
  No, no. The definition in French.
• 27:26
  OK, yeah. Look so English please.
• 27:38
  So like it's it it, it basically means like like a loan for life.
• 27:45
  Like the TLDR and you can Fact Check me on this and all this
• 27:49
  stuff, right? Dude?
• 27:52
  I'm not trying to be indebted to a bank for 30 years for my
• 28:03
  house. Like that's not what like I'm
• 28:06
  not into that. And I again, I'm not trying to
• 28:08
  criticize anyone who has a mortgage or who's into
• 28:11
  mortgages. You got to do you and everyone
• 28:15
  should have the ability to do whatever they what whatever they
• 28:18
  want. But I'm going to wait it out is
• 28:21
  what I'm trying to say right, Like I know my Bitcoin.
• 28:25
  There it is. Elaine put it in the chat.
• 28:27
  I can't say that a publicly, but Opti, if you can pull up the all
• 28:33
  the graphics that have been put on Twitter essentially of like
• 28:37
  what is the cap the price of housing as it relates to
• 28:40
  Bitcoin? Like, I'm sorry, like I'm just
• 28:45
  I'm not going to put myself in that situation.
• 28:48
  Like this is a waiting game and the longer that you wait, Oh,
• 28:53
  that video from Coinbase is even better.
• 28:54
  If you could just play that right?
• 28:58
  So, and this is what I'm talking about 'cause this is deeper,
• 29:01
  like this is a great win guys, 'cause it's like from the
• 29:03
  legitimacy of Bitcoin Tastic or play it Opti.
• 29:07
  In 2012 you need 30,000 Bitcoin to buy this house.
• 29:28
  If home prices keep falling in Bitcoin, why do they keep rising
• 29:33
  in dollars so? It's perfect.
• 29:36
  It's a 30 second commercial and it's basically all-encompassing.
• 29:39
  Exactly what I'm saying. So OK, 2012 30,000 Bitcoin buy
• 29:45
  your house, right? Fast forward later was 20
• 29:47
  Bitcoin. Fast forward later is five
• 29:49
  Bitcoin, where do you think it's going to be 10 years from now?
• 29:53
  It's probably going to be like half a Bitcoin or 25% of a
• 29:56
  Bitcoin. Like why are you going to put
• 29:58
  yourself in a situation where you essentially like pony up,
• 30:06
  send your Bitcoin to a centralized exchange to get
• 30:10
  yourself into a 30 year mortgage, commit that Bitcoin.
• 30:15
  Or you can put yourself in a position where you try to spend
• 30:20
  as little money as possible on a monthly basis so you can keep as
• 30:26
  much Bitcoin as possible. So that in 1020 years, you know
• 30:31
  that 10 Bitcoin that you sold today to more to buy a house or
• 30:36
  something is going to buy you a mega mansion on Miami Beach.
• 30:40
  Like, why would you put yourself in that situation is what I'm
• 30:44
  trying to say. Like you guys have to understand
• 30:47
  the name of the game has changed here, right?
• 30:50
  The name of the game has changed here.
• 30:52
  It's been Frankenstein, someone in the chat.
• 30:54
  Actually, if you could pull that up, that is the literally the
• 30:56
  definition of a mortgage. Like literally, I can't say that
• 31:00
  out loud, but that is literally the definition of a mortgage for
• 31:03
  anyone who's watching the video. So as a bitcoiner, like you have
• 31:06
  to use your brain, you have to be smart.
• 31:08
  By the way, shout out to the 1609 of you guys watching live
• 31:11
  smash a like button if you guys are enjoying the show.
• 31:16
  But why would you sell your Bitcoin to buy something that
• 31:23
  essentially has been overly priced because Fiat is broken?
• 31:29
  Why would you do that? Live below your means, low time
• 31:33
  preference, spend as little as you can.
• 31:37
  You can still afford the lifestyle that you want to
• 31:40
  afford without having to sell the Bitcoin or without having to
• 31:45
  mortgage the Bitcoin. You can still do that.
• 31:49
  You can still live wherever you want.
• 31:51
  You could still, you know, someone in the comments said
• 31:54
  Frannie Mae and Freddie Mac need Bitcoin.
• 31:56
  Bitcoin doesn't need them. That is what is happening.
• 31:59
  Perfect. I love that incredible comment.
• 32:02
  We should just have it pinned up for the rest of the show.
• 32:06
  Someone in the someone in the chat says why pay taxes on
• 32:08
  something you own? That's another thing, right?
• 32:11
  The roads like when, when, like when you own property, you have
• 32:17
  to pay property tax, right? And you have to pay maintenance
• 32:20
  and you have to pay this like you.
• 32:22
  What I'm trying to say is you can live a fantastic lifestyle
• 32:27
  without ownership is what I'm trying to say.
• 32:31
  And you can save a ton of Bitcoin in the process of doing
• 32:35
  that. That's what I'm trying to say as
• 32:37
  well. So this right here is a
• 32:41
  fantastic comment and I think an indication of if you weave in
• 32:46
  what happened during the election, Trump, you know,
• 32:51
  Bitcoiners didn't need Trump. In a way we did, right?
• 32:53
  Because we were getting attacked from a regulatory perspective.
• 32:56
  But when reality, what happened was Trump needed Bitcoiners to
• 32:59
  get into office, to get elected. Frannie Mae and Freddie Mac need
• 33:04
  Bitcoin. Bitcoin doesn't need them,
• 33:07
  right? So in your mind, you know, if
• 33:11
  you're younger, you're part of the younger generations and you
• 33:13
  got screwed because of what happened in 2008 and you can no
• 33:17
  longer afford a home. Like don't get swindled into
• 33:23
  parting with your Bitcoin to get that house that you wanted.
• 33:27
  You can rent that house that you wanted and keep that Bitcoin,
• 33:31
  and in 10 years you're going to be able to buy ten of those
• 33:34
  houses that you wanted if you keep the Bitcoin instead of
• 33:37
  selling it. And last thing I'll say is I've
• 33:42
  heard pizza stories, right? And for anyone who doesn't
• 33:46
  understand the pizza story, reference.
• 33:47
  Wait, I don't even know what pizza is.
• 33:51
  And Opti's making fun of my Miami accent.
• 33:53
  So I've heard pizza stories of you know, and for anyone who
• 33:57
  doesn't understand the Bitcoin reference, the pizza story is
• 34:00
  there is this gentleman by the name of Laszlo down here in
• 34:03
  Florida who spent 10,000 Bitcoin on buying 2P John pizzas, right?
• 34:11
  I've heard stories of people spending 10s of thousands of
• 34:16
  Bitcoin to buy a single, a one bedroom apartment, right?
• 34:24
  Like the OG days, I've heard stories of people spending
• 34:31
  Bitcoin to get their home right to to buy their first home.
• 34:36
  And then I've heard stories of those same people selling those
• 34:40
  homes to buy back the Bitcoin they could have had.
• 34:45
  So they spent 300 Bitcoin to buy a home.
• 34:49
  They were like, Oh my God, this was terrible.
• 34:51
  They sell their home, they buy back 80 Bitcoin, they have less
• 34:56
  Bitcoin, but they they had the home ownership thing in their
• 34:59
  mind, right and now they end up with less Bitcoin.
• 35:03
  What happens right? So all I'm trying to say is like
• 35:07
  play the game and understand the game is rigged, but you can use
• 35:12
  the game to your advantage like be smart.
• 35:16
  It's very simple. Figure out how to make how to
• 35:20
  make it to the finish line, how to make it for the next 5 to 10
• 35:24
  years. Figure out how to keep as much
• 35:28
  Bitcoin as you human as you humanly can, and you can still
• 35:32
  maintain the same lifestyle without being a quote UN quote
• 35:35
  owner and a property owner or whatever.
• 35:38
  And is that property going to out appreciate the price of
• 35:41
  Bitcoin? Is my question to you right?
• 35:44
  I don't think so, right? I think most people watching
• 35:48
  this and most people like listening to to simply Bitcoin.
• 35:51
  They're in the wealth building phase, which is probably why
• 35:53
  you're listening to our show in the 1st place.
• 35:56
  My question to you is like, why buy when you can rent?
• 36:02
  Why part with your Bitcoin when you can just keep your Bitcoin
• 36:08
  and maintain the same lifestyle? That's my message to you, even
• 36:11
  though it is a big deal with the whole Freddie Mac and Freddie
• 36:15
  Mae. Anyways, Opti, I went on a whole
• 36:17
  entire rant. Yeah, what did I even touch on?
• 36:21
  What's your take on all this bro?
• 36:22
  My take is I would love to have a home one day.
• 36:27
  In the meantime, your boy's just renting.
• 36:30
  I'm I'm not going to buy a house right now in Bitcoin terms
• 36:34
  because obviously we know it's not a good investment.
• 36:37
  And if you think this is just a Bitcoin or Bitcoin centric
• 36:41
  perspective here, I know Nico went on a huge rant about, you
• 36:44
  know, now buying the boomers bag.
• 36:46
  We're not buying your real estate and this is.
• 36:50
  I'm not I refuse. To I know, I know, I refuse.
• 36:52
  Like all all the all the housing prices are overly inflated.
• 36:56
  And and that's what that's what I wanted to.
• 36:58
  Hit on, I'm not trying to buy those bags, dude.
• 37:00
  Like like you guys bought bags. I'm not buying those bags from
• 37:04
  you, you know? And then eventually what, bro?
• 37:06
  Listen, who owns all the property?
• 37:08
  It's in the old, the older generation.
• 37:10
  Eventually what are they going to have to do?
• 37:11
  They're going to have to sell some of that property to fund
• 37:13
  their retirement. Like, I'm not here trying to buy
• 37:15
  those bags, right? Like eventually what what's
• 37:18
  going to happen and what's going to happen when housing goes back
• 37:22
  to you? It's utility value because it's
• 37:24
  no longer seen as an investment. What's going to happen to the
• 37:27
  price of real estate? So I'm, I'm just playing, I'm
• 37:30
  just playing the game as a bitcoiner in order to maintain
• 37:33
  my bags, dude. That's what that's all I'm
• 37:35
  saying. No, I'm and I'm totally with
• 37:37
  you. And I'm sorry if I'm a little
• 37:39
  like heated in this in this conversation, but like, I'm not
• 37:42
  trying to buy those bags. Those bags are overly inflated,
• 37:46
  dude. Anyways yo.
• 37:49
  I didn't I didn't know Niko was so so animated about buying
• 37:53
  Bitcoin boomers bags AKA houses love it.
• 37:56
  We get all right guys, new trigger point for Niko talk
• 37:59
  about housing and and Niko Jones comes out OK, but as we're
• 38:04
  saying, you know, this isn't or as I was saying and and Niko
• 38:07
  keeps getting triggered about houses.
• 38:11
  This isn't just a Bitcoin centric perspective of this just
• 38:14
  on a cost basis or cost opportunity perspective of
• 38:17
  what's going on. You're starting to see that even
• 38:21
  people that are in the real estate market are starting to
• 38:24
  realize what we're saying. Look, we just said it Nico said
• 38:27
  it from a Bitcoin perspective, like why would I buy a house and
• 38:31
  you know right now when I can buy it for probably half, you
• 38:34
  know, of what it what it would be in the future or pennies on
• 38:37
  the dollar, sats on the dollar, however you want to say it.
• 38:40
  But there's also the new metric coming out right now.
• 38:43
  And I forgive me for the figures, but it's somewhere
• 38:46
  around the ballpark that there is about 500,000 more sellers in
• 38:51
  real estate than buyers. So no one's buying this stuff.
• 38:54
  And if you are a boomer and you were kind of betting your life
• 38:56
  on, you know, selling your house and that's how you're going to
• 38:59
  retire, there might be a rude awakening coming forward.
• 39:02
  And furthermore, the fact we have what Fannie Mae and Freddie
• 39:05
  Mac kind of talking about using Bitcoin as collateral for you to
• 39:09
  get a house, I think it really goes into what his bit corners
• 39:12
  have been saying for a long time.
• 39:13
  Like there's potentially going to be a housing market collapse
• 39:17
  in the future, whether it's, you know, now or 10 years down the
• 39:20
  line, however long they can kick the can down the road, this is
• 39:23
  eventually going to happen. And I actually had a
• 39:25
  conversation with my boy CJ yesterday.
• 39:28
  We'll post it up for you guys at some sometime soon.
• 39:31
  And he made a great point in this and he'll be able to
• 39:34
  explain it better. That's why you have to watch the
• 39:36
  IRL. But he was saying once Bitcoin
• 39:39
  gets to essentially the one per one Bitcoin by itself gets to
• 39:44
  the price of a single family home, which is on average
• 39:46
  somewhere around $418,000 or 412.
• 39:50
  I forget what the math is. That's when we get this huge
• 39:54
  seismic shift in the system and people start to realize like,
• 39:57
  wait, I, you know, I have AI have this mortgage on this
• 40:01
  house. It's literally I got to pay it
• 40:04
  off forever. And now one Bitcoin is worth as
• 40:07
  much as. This house that I have to pay
• 40:08
  off for the rest of my life, like there's going to be a
• 40:10
  fundamental shift. And I think at that price point,
• 40:13
  Bitcoin's at like, I don't know, $8 million or something like
• 40:16
  that. Hold on, I have to I have to
• 40:17
  address a lot of these, a lot of these comments, right.
• 40:20
  So like someone says sedurch says renting is throwing money
• 40:24
  away. OK, alright, let's talk about
• 40:26
  that. I'll I'll address it in in a
• 40:27
  second. And then another person says
• 40:30
  Nico's right though it really triggers a lot of the younger
• 40:32
  generation that can't can't afford a home right now.
• 40:35
  Dude I could, I could, you can buy, I could buy it in cash not
• 40:39
  a problem F whatever. But dude it doesn't make sense
• 40:44
  from a bitcoiners perspective. Renting look renting it it it
• 40:50
  only that comment of renting is throwing money away.
• 40:53
  Only makes sense in the Fiat mindset, where debt is cheap,
• 40:58
  inflation is controlled, and property is a stable source of
• 41:02
  value. But in a Bitcoin world, that
• 41:05
  logic completely collapses. When you rent, yes, you exchange
• 41:09
  money for shelter. But when you buy a house with a
• 41:12
  30 year mortgage, you're not savoring.
• 41:14
  You're not savoring saving. You're entering A leveraged Fiat
• 41:18
  obligation. You pay interest often, double
• 41:22
  the home prices of value over time, property taxes forever,
• 41:27
  and risk of exposure to a housing market inflated by
• 41:30
  artificially low rates. Meanwhile, if you stack sats
• 41:35
  instead of making a down payment, you're holding a finite
• 41:38
  censorship resistant asset that historically outpaces real
• 41:43
  estate by orders of magnitude. We just played you the Coinbase.
• 41:47
  Commercial renting gives you mobility, low risk capital,
• 41:51
  flexibility, especially valuable when Bitcoin is in an adoption S
• 41:56
  curve and Fiat is melting. So no, renting isn't throwing
• 42:01
  money away, it's choosing freedom while your capital is
• 42:05
  working harder in Bitcoin. It comes down to that.
• 42:09
  So look, I'm not trying to, hey, you know, mortgages are bad and
• 42:14
  of home ownership is terrible, but this whole, hey, renting is
• 42:19
  throwing money away. And whatever you're thinking at
• 42:21
  it from a Fiat mindset. And what we're trying to do on
• 42:24
  this show is open your mind to a Bitcoin mindset because
• 42:29
  fundamentally what you're going to want in five years or 10
• 42:33
  years is more Bitcoin. You're not going to care about,
• 42:38
  OK, I have this house You're, you're going to be able to fund
• 42:41
  whatever lifestyle that you want, whatever house that you
• 42:45
  want to live in. If you have more Bitcoin, it
• 42:48
  comes down to that. So anyways, that's my personal
• 42:52
  perspective on all this, but I love this conversation, right?
• 42:56
  This is a great conversation and ended up with the breaking news
• 42:59
  of Freddie Mac and Freddie May and then, you know, it went down
• 43:03
  the renting versus buying, which I absolutely love.
• 43:07
  Guys, if you're enjoying the show, we're about to break 400
• 43:10
  live viewers on YouTube. Make sure to smash that like
• 43:14
  button. We still have a jam packed show
• 43:15
  for you guys. We're going to be talking about
• 43:17
  tons of things. And by the way, someone in the
• 43:21
  chat says rent now, own later. I would say like even owning, is
• 43:25
  it really yours if you have to pay, if you have to pay rent to
• 43:29
  the government, is it really yours?
• 43:31
  That's what I got to say, man. Is it really yours if you got
• 43:34
  to, if you got to pay rent for the government.
• 43:37
  All I'm saying is I like Bitcoin, I like freedom, I like
• 43:40
  flexibility. I respect all you guys in the
• 43:44
  audience, your different takes on this.
• 43:47
  If you do own your home, I respect you for it.
• 43:49
  If you mortgage a home, I respect you for it.
• 43:52
  If you're renting, I respect you for it too.
• 43:54
  This is what it's all about. Bitcoin gives you flexibility
• 43:57
  and you as sovereign individuals, as listeners, you
• 44:00
  guys could, you know, do whatever you want.
• 44:02
  But what I, I'm looking at it from, I've heard horror stories
• 44:06
  of people spending 10s of thousands of Bitcoin or 300
• 44:10
  Bitcoin or 50 Bitcoin on their so-called dream home and then
• 44:15
  literally selling that so-called dream home 2-3 years later
• 44:20
  because they were like, dude, holy crap.
• 44:22
  I wish I would have just held on to that Bitcoin.
• 44:23
  I mean, Adam has that story of like 200 Bitcoin for his house.
• 44:28
  I. Wasn't going to throw.
• 44:29
  I wasn't going to throw off all the time.
• 44:30
  I wasn't going to throw our boy Adam under the bus, but like,
• 44:33
  you know, like again, like guys, you want Bitcoin, you like, you
• 44:40
  can rent whatever you, you can rent the nicest house in the
• 44:44
  world, literally, and you can maintain that.
• 44:49
  And that will allow you to keep more Bitcoin than flat out
• 44:54
  selling Bitcoin in order to, you know, buy that so-called dream
• 44:59
  home. Remember, guys, it doesn't make
• 45:02
  sense to sell Bitcoin for housing that is overvalued
• 45:09
  because of the broken Fiat system.
• 45:11
  You have to use the broken Fiat system to your advantage.
• 45:15
  And I think as a bitcoiner, a renter is as a renter, you hold
• 45:22
  an advantage in the Fiat system. Now, that's not to say people
• 45:26
  that bought real estate 10:20, 30-40 years ago, you guys got a
• 45:31
  hell of a deal. But what I'm trying to say is,
• 45:34
  hey, man, I'm not trying to buy your bags.
• 45:36
  That's all I'm trying to say. So anyways, guys, it's going to
• 45:41
  be a great show. We have tons to talk about.
• 45:44
  We have clips from the Bitcoin Policy Summit that's currently
• 45:47
  happening in Washington, DC. We have clips from Senator
• 45:51
  Lummus. We have clips from other
• 45:53
  policymakers. So we're going to talk about
• 45:56
  that as well. I believe Opti uploaded a clip
• 45:59
  and then during the news segment, quite interesting.
• 46:02
  Jerome Powell is basically making the case that the Bitcoin
• 46:07
  and crypto industry is becoming more mainstream.
• 46:10
  And then the Bank of International Settlements.
• 46:13
  I know Opti's a big fan of August, and Carson is basically
• 46:17
  rebuking the United States's stance on stablecoins, and
• 46:21
  they're basically saying that stablecoins fail as money.
• 46:25
  We've heard this before. We've heard them say that
• 46:27
  Bitcoin fails as money. Who are they to to get to define
• 46:31
  what what is money and what is money in the 1st place like?
• 46:35
  The hubris there is is very telling.
• 46:39
  So anyways guys, before we jump into today's show, I can't
• 46:41
  believe you throw our boy at him under the bus like that.
• 46:44
  Dude, he says it on the show all the time.
• 46:47
  But yeah, guys, I just hold your Bitcoin, don't sell your Bitcoin
• 46:51
  for no matter what. That that's my recommendation,
• 46:54
  not financial advice, just what I've seen.
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  Alright everybody, let's hit the numbers.
• 48:16
  We have tons to talk about. We'll be right back in just a
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  second. And Ron, appreciate the $10
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  All right, everybody, we are back.
• 49:57
  At the time of recording, the Bitcoin price is $107,320 Block
• 50:02
  height 902,846 sats per dollar 932 sats per dollar Market cap
• 50:09
  2.13 trillion Bitcoin versus gold market cap 9.08% Decline
• 50:14
  from all time high -4.2%. Realized monetary inflation
• 50:18
  .84%. In the grand scheme of things,
• 50:21
  we are just getting the party started.
• 50:24
  Anyways, here's some clips. What do you we want to play Opti
• 50:26
  because there's a couple of videos that are uploaded.
• 50:28
  Do we play? I mean the I clips.
• 50:30
  You didn't you didn't introduce the BPI, but I like that.
• 50:32
  I like the last clip. I I I uploaded because it's it's
• 50:36
  billionaires fumbling in a Bitcoin.
• 50:38
  Let's say let's save that for you and Luke tomorrow, because I
• 50:40
  have. To go to.
• 50:41
  Canada, I have to get on a flight, but yes, so the Bitcoin
• 50:44
  Policy Institute Summit has been happening the last two days and
• 50:48
  I saved these two clips for you guys specifically because it's
• 50:53
  two policy makers, of course, the Bitcoin senator, Senator
• 50:55
  Lummus, and another policy maker basically indicating, telling
• 51:02
  everybody that the US government still has every freaking
• 51:05
  intention of buying more Bitcoin.
• 51:08
  That is absolutely wild and nuts.
• 51:10
  So I'm going to play you guys a clip.
• 51:11
  Let's check it out. In the meantime, I do think
• 51:14
  Treasury has some independent tools that it could use to
• 51:20
  convert current assets that are underperforming into Bitcoin,
• 51:26
  which now has enough of a track record that you can chart its
• 51:31
  performance. And it's very clear that the
• 51:36
  additional adoption of Bitcoin has improved as everyone thought
• 51:41
  it would, it's stability. So the theories behind Bitcoin
• 51:47
  are proving out in real time. So it's pretty clear that
• 51:52
  Bitcoin will be an asset worthy of strategic importance and a
• 51:58
  strategic reserve. All right.
• 52:01
  And now I have this other clip. Those are top of mind for
• 52:06
  everybody, you know, working on digital assets in the White
• 52:08
  House. You know, there will be the
• 52:10
  forthcoming report on the interagency activities.
• 52:14
  We've already taken some steps with the SPR.
• 52:17
  You know, how do we follow that up with the, you know,
• 52:19
  accumulation plan? So there's no shortage of
• 52:22
  opportunities and things to do. So after we leave here, I'll get
• 52:26
  right back to it. So I mean, OK, So what just
• 52:30
  happened, ladies and gentlemen, by the way, this, this, this
• 52:34
  summit has been happening for the last two days.
• 52:36
  So it happened June 25th and June 26th.
• 52:39
  They just confirmed that the Trump administration still has
• 52:44
  every intention of buying Bitcoin.
• 52:48
  And if you take a look at what Senator Lummis was saying, she
• 52:52
  was basically saying like, look, like we don't have to
• 52:58
  essentially use federal money to buy more Bitcoin.
• 53:02
  What we can do is we can just reallocate from other poorly,
• 53:07
  more poorly performing assets or, or or poor investments and
• 53:12
  we can reallocate those resources to buying Bitcoin
• 53:17
  instead. And This is why the Trump
• 53:19
  administration keeps saying we're we want to buy Bitcoin in
• 53:23
  a budget neutral way. So that is absolutely massive
• 53:28
  news. They still have every intention
• 53:30
  of buying Bitcoin, man, which is which is gnarly, which is nuts.
• 53:33
  Like I could never have imagined this a couple years ago.
• 53:36
  Opti. Yeah.
• 53:38
  Well, I'm just kind of waiting until it's actualized and we
• 53:41
  hear something, but I don't know.
• 53:43
  I'm starting to get the vibe that they are already buying,
• 53:47
  whether that's the US or, you know, China, Russia, some other
• 53:50
  superpower of the world or even, you know, smaller countries of
• 53:52
  the world. I think that that domino has
• 53:55
  already fallen. It's just a matter of time until
• 53:57
  they announced that they've been stacking.
• 53:59
  Obviously they did kind of say that they were going to announce
• 54:02
  it beforehand when and what how they were stacking.
• 54:06
  But anyone that knows anything about the Bitcoin prices, you
• 54:10
  don't really you, you rather not Telegraph your buys.
• 54:14
  You, you kind of want to do it secretly so that you can get the
• 54:17
  best price. And so if that's what they're
• 54:19
  doing, then I, you know, I'm, I just can't wait until that gets
• 54:23
  announced so that we can really start to kick start this bull
• 54:26
  market. But if we see any indication of
• 54:30
  what they're doing behind the scenes from what they're doing
• 54:33
  publicly, I think it's very safe to say that they are already
• 54:36
  doing. Of course, you know, Lutnick's
• 54:38
  there. He's back.
• 54:38
  Cantor Fitzgerald, he just partnered with Jack Mahlers.
• 54:42
  They're, you know, talking about doing some sizable buys of
• 54:45
  Bitcoin. And then we have the Trump Media
• 54:49
  Corporation. I, I forget what the whole
• 54:52
  moniker is, but we have the Trump Media Group.
• 54:54
  That's what is Trump Media Group announcing that they're buying
• 54:57
  Bitcoin, that they want an ETF. So like if you see from their
• 55:01
  actions what they're doing, then I think it proves what Senator
• 55:04
  Lummus is saying that they are actively trying to get this push
• 55:08
  through that they want to announce the buy.
• 55:10
  Obviously that was a huge part of the campaigning trail is
• 55:14
  Bitcoin or quote, digital assets.
• 55:17
  We've seen what they've done around the digital asset
• 55:19
  regulations and stable coins and stuff.
• 55:21
  And so I really do think they are, you know, seriously, or
• 55:25
  rather in, in their, in their mind, honestly attempting to get
• 55:30
  this SBR stuff pushed through and, and really become the
• 55:33
  Bitcoin capital of the world. And as we're seeing from the
• 55:35
  beginning story, the fact that we have, you know, the two
• 55:39
  biggest brokers in the world being forced to adopt Bitcoin or
• 55:43
  rather use Bitcoin as collateral, I think just goes to
• 55:45
  show that the this trend towards the Bitcoin superpower of the
• 55:49
  world is a real thing. Now, is it going to be perfect?
• 55:52
  Probably not. But this I do want to give a
• 55:55
  kind of shout out to the Bitcoin Policy Institute.
• 55:57
  I didn't watch the whole thing, but the clips that I saw come
• 56:00
  out of it, I think we're pretty huge one.
• 56:03
  I highly recommend you go watch Alex Thorne's speech about how
• 56:07
  technology gets adopted and how you know the status quo and
• 56:12
  fights it. I think it's very, very telling
• 56:15
  and poignant from where we are right now in the story.
• 56:18
  It highly recommends only 5 minutes.
• 56:20
  And then the other second thing that I saw that was huge was
• 56:22
  Hester Pierce basically announced that she is working
• 56:26
  towards income redemptions of the ETF.
• 56:28
  So like there's a lot of stuff coming out of this, whether it's
• 56:31
  Bitcoiners Co-op or not cooperating, rather that's the
• 56:34
  wrong word. Bitcoiners lobbying.
• 56:36
  I that might not be the right word.
• 56:38
  Bitcoiners communicating and trying to get this Bitcoin
• 56:41
  signal across to the politicians is really good.
• 56:43
  And then, you know, the two way St. of them listening to what
• 56:46
  we're saying and communicating about where we're going.
• 56:49
  So, you know, as much as I've been skeptical about politicians
• 56:53
  and whether they are truly Bitcoiners or whether that even
• 56:56
  matters at all, it goes to show that they are listening to this
• 57:00
  industry. And I think they do know, or
• 57:02
  rather can see where this is going.
• 57:05
  And as we heard from a bunch of different clips, a lot of them
• 57:08
  are saying what we've been saying here on the show, what
• 57:10
  you guys say on the interwebs, is that Bitcoin is going to be a
• 57:15
  huge force in the traditional financial world for the next 100
• 57:18
  years plus. And so they have to take us
• 57:20
  seriously. And I think this really goes to
• 57:22
  the message that we've kind of been covering the last couple of
• 57:25
  months and I guess years at this point, it's like Bitcoin is
• 57:28
  maturing. We have entered the mainstream
• 57:30
  consciousness, whether we've hit mainstream retail yet, it seems
• 57:34
  to be a totally different conversation.
• 57:36
  But we have entered the upper echelons and you can tell or
• 57:40
  rather you can believe and know that it behind the scenes, they
• 57:43
  are taking Bitcoin very seriously.
• 57:45
  They have to take this thing very seriously now.
• 57:48
  And I think that's bullish for all of us.
• 57:50
  Absolutely 100%, 1,000,000% dude.
• 57:54
  I'm still doing the maths in my mind about renting and buying.
• 57:58
  And like dude, oh man, that we got to do a whole show on that
• 58:02
  dude. Cause again, guys, if you're
• 58:04
  looking at it from a Fiat standard, it makes perfect
• 58:07
  sense. Like you renting is setting
• 58:10
  money on fire. But if you're looking at it from
• 58:12
  a Bitcoin standard, it doesn't. And I'll and I'll and I'll and
• 58:15
  I'll give you guys another example cause I've been thinking
• 58:18
  about this. OK, so let's say, let's say you,
• 58:25
  you want to, you know, you want to live in a, I'm just throwing
• 58:28
  out random numbers here. Let's say you want to live in
• 58:30
  $1,000,000 home, right? And what $1,000,000 cost you 10
• 58:35
  Bitcoin, right? And you're like, OK, I could
• 58:41
  chill out. 10 Bitcoin. Most people don't have 10
• 58:43
  Bitcoin. It's a lot of money, right?
• 58:46
  But let's say you do have 10 Bitcoin, right?
• 58:49
  So you can sell that 10 Bitcoin, buy that $1,000,000 home that
• 58:52
  you wanted. Great, OK.
• 58:55
  Or, right, instead, what you can do is you can rent that
• 59:01
  $1,000,000 house, right? So let's say the rent is, you
• 59:08
  know, 8%, right, 80,000, that $1,000,000 house, you know,
• 59:12
  costs you $80,000 a year, right? And let's say you do it for four
• 59:19
  years, right? And cost you $320,000, right?
• 59:25
  But that Bitcoin that you held onto, right?
• 59:30
  Let's say instead of, you know, let's say that Bitcoin has, you
• 59:35
  know, in four years, what do you think Bitcoin could do?
• 59:38
  4X3X. 10X. 10X, right? I mean, that's 10X is let's
• 59:42
  let's say 5X, right? So that $1,000,000 worth of
• 59:46
  Bitcoin, which was 10 Bitcoin if 5X is not worth $5 million.
• 59:53
  Now if you calculate the rent which is $80,000 a year and you
• 59:57
  multiply it by 4 years, you subtract the 320,000, you have
• 1:00:04
  $4.6 million of net worth. You would have had zero of net.
• 1:00:10
  Worth. Yeah, you should totally buy the
• 1:00:11
  house. You would have had zero of net
• 1:00:14
  worth if you would have just sold the 10 Bitcoin and bought
• 1:00:19
  the house instead, you'd have 0, but you'd have maybe that house
• 1:00:23
  would appreciate in value would have appreciate higher than
• 1:00:25
  this. No, this is what I'm talking
• 1:00:27
  about. Use Bitcoin, don't sell Bitcoin.
• 1:00:30
  Like sometimes you got to play the game, right?
• 1:00:33
  And does this house have a pool, right?
• 1:00:35
  You can, you can, you can incorporate all of this into the
• 1:00:37
  mass, right? Anyhow, guys, smash the like
• 1:00:41
  button. It's going to be a hell of a
• 1:00:42
  show. We still have a lot of things
• 1:00:44
  lined up for you guys. And we're going to be talking
• 1:00:48
  about Jerome Powell basically admitting defeat.
• 1:00:52
  And then I think there's a war going on between Europe, the
• 1:00:58
  Bank of International Settlements, and the United
• 1:01:02
  States. Current stance on stable coins.
• 1:01:05
  I think that there's some conflict that's happening, but
• 1:01:08
  that tells me that we're winning.
• 1:01:10
  I think stable coins are a Trojan horse for Bitcoin.
• 1:01:13
  That's my personal opinion, so I think things are definitely
• 1:01:16
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  today with Kohl's card. All right everybody, we are back
• 1:03:52
  and there is a renting slash owning war happening in the
• 1:03:56
  chat. I absolutely love it.
• 1:03:58
  Let's take a look at some of these comments we have from
• 1:04:02
  fans, Says MSTR is creating income ETF like MSTY that could
• 1:04:06
  replace the idea of buying a rental property and collect
• 1:04:09
  rent, except you have none of the headaches of owning a
• 1:04:12
  rental. That's super, super funny,
• 1:04:17
  Dustin says. I love that Jeff Jeff Booth
• 1:04:21
  interview. It was all the truth and all
• 1:04:24
  about truth. I don't beat around the Bush.
• 1:04:25
  I run it over the SAT wise, Jenks says the house will
• 1:04:31
  depreciate by by at least 50%. Yeah, the chat.
• 1:04:37
  'S this one's my favorite. You sound like Gary Cardone.
• 1:04:41
  The SAT the chat. I doubt I could ever rent a
• 1:04:44
  comparable home for what my mortgage payment is.
• 1:04:47
  That's even with a 15 year mortgage, which makes this
• 1:04:50
  monthly payment higher than the typical 30 year.
• 1:04:53
  Well, again, did you, when did you get in?
• 1:04:55
  When did you get it? This is what I'm trying to say.
• 1:04:57
  It's like, did you get the mortgage when the rates were
• 1:04:59
  like at like 2 1/2 percent? Cuz the rates are not at 2 1/2%
• 1:05:02
  right now or lower, right? So anyways, I do want to give a
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  off. Anyways, I do want to talk about
• 1:05:58
  this and I gotta turn this off. Here we go and here is Jerome
• 1:06:05
  Powell. Jerome Powell is getting grilled
• 1:06:07
  by Congress, and let's check out what he has to say.
• 1:06:12
  So what I think what has changed is if you go back that's a
• 1:06:16
  couple years ago, that was the period of high profile failures
• 1:06:20
  and fraud and that kind of thing.
• 1:06:22
  And what's happened is I think, you know, the industry is
• 1:06:26
  maturing, our understanding of it is improving and in a sense
• 1:06:30
  it's it's coming becoming much more mainstream.
• 1:06:33
  So all of us are revisiting, you know, the, the things that were
• 1:06:37
  done during that era. And you know, I think the, the
• 1:06:41
  current view is that, you know, that it's appropriate for, I
• 1:06:46
  mean, it's always been appropriate for banks to choose
• 1:06:48
  their customers and to be able to undertake activities as long
• 1:06:50
  as they're safe and sound. In terms of I think I have to
• 1:06:54
  get back to you on 9/13, I think it's a, it's a, it's a broader
• 1:06:59
  thing that has nothing to do with crypto, but that was, that
• 1:07:03
  was a piece of it. We, we are with, we are looking
• 1:07:05
  at and withdrawing many of our pieces of crypto guidance from
• 1:07:08
  that era though as you know. And I.
• 1:07:11
  So what I think what has changed is if you go back, that's.
• 1:07:14
  About that. So basically, you know that
• 1:07:17
  that's kind of a big deal. That's kind of a big deal
• 1:07:21
  because he's saying, you know, this is becoming mainstream.
• 1:07:25
  There was a Fact Check though, or was it called?
• 1:07:28
  I don't think these are called fact checks.
• 1:07:29
  I hate using that word. Community note.
• 1:07:31
  Community note. It says misleading.
• 1:07:33
  Fedcherp did. Powell did not mention Bitcoin.
• 1:07:36
  The original post falsely added Bitcoin to mislead.
• 1:07:38
  I don't know about that, but says Powell was specifically
• 1:07:40
  referring to stablecoins. And it's interesting because the
• 1:07:49
  Bank of International Settlements is seeing what's
• 1:07:52
  happening in the United States and they are reacting to it.
• 1:07:58
  And take a look at this, I find I find fascinating.
• 1:08:04
  And of course, like, you know, we Opti is a big fan of Augustin
• 1:08:10
  Carson. Augustin Carson is the head of
• 1:08:15
  Bank of International Settlements.
• 1:08:18
  And him and Opti are really, really good friends.
• 1:08:24
  And I can't find a picture of him.
• 1:08:28
  Augustin's is it? Augustin's Carson.
• 1:08:30
  There it is. There it is.
• 1:08:32
  There it is. Yeah.
• 1:08:35
  I don't know. I don't know.
• 1:08:36
  I don't know what's happening here.
• 1:08:39
  He's failing at the troll. I'm not failing at the troll,
• 1:08:42
  I'm just looking for the appropriate picture.
• 1:08:45
  And Opti is a huge fan of Augustin, and Augustin is
• 1:08:51
  freaking out because of the stablecoin stuff.
• 1:08:54
  And we have to kind of explain why, right?
• 1:08:56
  So essentially, the stablecoin stuff is, from a geopolitical
• 1:09:02
  standpoint, it's absolutely fascinating because it's
• 1:09:06
  allowing the Fiat games to continue from the eyes of the US
• 1:09:12
  government, right? And for the rest of the world,
• 1:09:17
  they're huge fans of the almighty dollar.
• 1:09:20
  If you live in Argentina, if you live in Venezuela, if you live
• 1:09:23
  in Africa, if you live in whatever you love, dollars,
• 1:09:28
  dollars are great. I'm not saying they don't
• 1:09:30
  inflate, but compared to your local currency, they're not, you
• 1:09:35
  know, they're not that great. Now, who does that take power
• 1:09:39
  away from? It takes power away from local
• 1:09:41
  governments. And who does that get?
• 1:09:43
  A who. Who does it give power to?
• 1:09:46
  It gives power to the US government.
• 1:09:47
  Right now, what I would say is that it's a Trojan horse because
• 1:09:53
  what's going to happen is eventually people are going to
• 1:09:55
  adopt digital dollars, which they're already doing.
• 1:09:59
  It's going viral halfway. All around the world.
• 1:10:02
  People have Tether, USDC. So U.S. politicians are like,
• 1:10:06
  great, like, you know, Tether is one of the largest buyers of
• 1:10:10
  U.S. Treasuries.
• 1:10:11
  And well, what's going to happen if you're in Europe or if you're
• 1:10:16
  the Bank of International Settlements, you're freaking the
• 1:10:18
  F out right now because all of a sudden people aren't going and
• 1:10:23
  using your system anymore, right?
• 1:10:25
  So this is how they're reacting. The European Union says, listen,
• 1:10:29
  we're going to launch ACBDC to counter the stable coins.
• 1:10:33
  And the Bank of International Settlements is basically saying
• 1:10:36
  no, no, no, no. It says stable coins or BS.
• 1:10:38
  They also said that Bitcoin was BS as well, right?
• 1:10:43
  So let's take a look at some of their reason, some of their
• 1:10:46
  reasonings, and let's take a look if you know, they make a
• 1:10:50
  whole lot of sense. So the headline for the audio
• 1:10:52
  listeners is BIS. The Bank of International
• 1:10:56
  Settlement says stable coins fail as money calls for strict
• 1:10:59
  limits on their role. Why does it fail on money?
• 1:11:03
  Why does it fail? Who are you to get to define
• 1:11:05
  what is money or not, right? That's like when they say like
• 1:11:09
  Bitcoin fails his money. Why does it fail his money?
• 1:11:13
  It makes no sense. So a new report from the Bank of
• 1:11:16
  International Settlements challenge the notion that
• 1:11:19
  stablecoins could serve his money in a modern financial
• 1:11:22
  system. According to the BIS Annual
• 1:11:25
  Economic Report 2025, stablecoins fail the fundamental
• 1:11:29
  tests of singleness, elasticity, and integrity.
• 1:11:33
  Oh my God, they use the word integrity.
• 1:11:37
  The Bank of International Settlements is dictating us
• 1:11:41
  about integrity. Oh my God.
• 1:11:44
  Anyways, three critical a three critical criteria that define
• 1:11:48
  effective money instrument. So again, like the reason that
• 1:11:53
  that makes me a little bit upset when they bring up integrity is
• 1:11:57
  could you imagine if you're in Venezuela and you don't have
• 1:12:04
  access to dollars, you only have access to Bolivar Bolivaris and
• 1:12:09
  the currency it has double digit inflation.
• 1:12:12
  Do you give a flying F about integrity or or what, what?
• 1:12:17
  What is the thing that you mostly care about?
• 1:12:20
  You care about being able to access some money that isn't
• 1:12:24
  losing half of its purchasing power in a month so you could
• 1:12:27
  put food on the table for your family.
• 1:12:30
  Like I'm not buying that integrity argument.
• 1:12:33
  That's BS right? It's like when the IMF says the
• 1:12:37
  same things about Bitcoin, like, Oh my God, is a danger to the
• 1:12:41
  danger to the economy and to the integrity of these countries and
• 1:12:45
  the sovereignty. It's like, no, you know what,
• 1:12:48
  you guys are projecting? What you guys know, you're
• 1:12:51
  guilty of yourself. You guys are the ones that lack
• 1:12:54
  integrity anyways. The BIS describes stable coins
• 1:12:58
  as digital bearer instruments that resemble financial assets
• 1:13:03
  more than actual money. What is the difference?
• 1:13:06
  What is the difference? If I go and I use a stable coin
• 1:13:11
  to buy a coffee, or I use a stable coin and a stable coin
• 1:13:16
  wallet and I'm using it as a bank account to make payments
• 1:13:20
  and to live and to buy food, what does it matter?
• 1:13:24
  It doesn't matter. It doesn't.
• 1:13:25
  From from the user's perspective, it makes no
• 1:13:28
  difference. Unlike central backed money,
• 1:13:32
  which is accepted at par and requires no background checks,
• 1:13:36
  private entities issue stable coins and often trade at
• 1:13:40
  fluctuating rates. This undermines the core
• 1:13:44
  principle of monetary singleness, the report claimed.
• 1:13:49
  I have no idea what the F that meant.
• 1:13:53
  The only part that I understood and that made sense to me is
• 1:13:58
  unlike central bank money, that's what you guys care about.
• 1:14:02
  You guys care about the continuation of central banking.
• 1:14:06
  That's the only thing you guys care about.
• 1:14:10
  That and all these fancy words and fancy things that you guys
• 1:14:14
  are putting into it. All of that is what are they
• 1:14:17
  called the BIS. Remove the I and just leave the
• 1:14:21
  BS Anyways. Stable coins fail.
• 1:14:24
  Elasticity and integrity test Again this words on integrity,
• 1:14:29
  elasticity. The second test is crucial for
• 1:14:32
  absorbing shocks and meeting large value payment demands.
• 1:14:37
  It pointed out that any additional supply of stable
• 1:14:40
  coins thus requires full upfront payment by its holders liking it
• 1:14:45
  to a strict cash in advance setup that contracts with the
• 1:14:49
  flexibility of modern banking systems where central banks
• 1:14:53
  provide liquidity as needed. You mean central banks print
• 1:14:57
  money, debase the money, and disproportionately affect the
• 1:15:02
  lower and middle classes that don't have the means to save in
• 1:15:06
  assets, Therefore their energy, their time is getting stolen
• 1:15:10
  from them so that you guys could quote UN quote, provide
• 1:15:14
  liquidity. Where's the integrity in that?
• 1:15:16
  There's absolutely no effing integrity in that.
• 1:15:20
  The third and perhaps most damning failure lies in the area
• 1:15:24
  of integrity. That's right.
• 1:15:25
  Ladies and gentlemen, you're getting lectured on integrity by
• 1:15:29
  a central bank. I can't read this anymore.
• 1:15:32
  Or I'm going to. Explode Opti.
• 1:15:34
  Any thoughts on Mr. Thoughts on stable coins not being money
• 1:15:40
  because they lack integrity? I mean, look, you guys know, I'm
• 1:15:44
  not the biggest stable coin fan, but it seems to me like stable
• 1:15:47
  coins have more integrity than the Fiat dollar does.
• 1:15:49
  At least they're backed by something.
• 1:15:51
  You know, like the dollar, it's allegedly backed by something,
• 1:15:55
  but you know, we all know what it's really backed by and it's
• 1:15:58
  it's proof of violence. And so again, I'm not, I'm not
• 1:16:01
  the biggest stable coin fan, but it is funny the amount of cope
• 1:16:05
  and projection that you hear in that article.
• 1:16:07
  And I did look up what monetary singleness is because I didn't
• 1:16:10
  know what that means. This is of course, a perplexity
• 1:16:14
  and it goes monetary singleness is the foundational principle
• 1:16:16
  that all forms of money within an economy, whether physical or
• 1:16:19
  digital, should be valued at par and be freely interchangeable at
• 1:16:23
  a one to one ratio at all times. But they are.
• 1:16:26
  But it yes, they will come to totally that.
• 1:16:28
  So it's, you know, it is one to one as we like to say, you know,
• 1:16:32
  one Bitcoin equals one Bitcoin. But I really want to touch on
• 1:16:35
  something that you you started at the beginning of that ramp.
• 1:16:39
  Look at this comment when Satan tells you how good he is.
• 1:16:44
  Yeah, exactly. Nico, you started that rant with
• 1:16:49
  this idea of, you know, the EU fighting Bitcoin and it was
• 1:16:54
  bringing to mind a lot of what Tom Luongo has been saying for a
• 1:16:58
  long time. You guys know I'm a huge fan of
• 1:17:00
  TomTom Luongo. I think he's been very spot on
• 1:17:02
  for the last, you know, couple of years or rather very
• 1:17:05
  specifically in the last year and and of course the last
• 1:17:08
  couple of months. But his main take here, and of
• 1:17:12
  course, I'm you know, I'm, I'm simplifying it, but it's
• 1:17:14
  essentially that the EU is in trouble that they're essentially
• 1:17:17
  going to bankrupt and the City of London is having a hard time.
• 1:17:20
  Hence why you're seeing all of the stuff that you're seeing,
• 1:17:22
  whether it's geopolitical, whether it's financial, They are
• 1:17:25
  in a rough position right now because of what you're seeing
• 1:17:29
  the US do, whether it's with Bitcoin or more geopolitical,
• 1:17:33
  etcetera. The EU is in trouble right now.
• 1:17:36
  And so you're seeing them basically fight back and when,
• 1:17:40
  as the saying goes, you know, when a, when an animal is
• 1:17:42
  cornered, that's when they're the most vicious.
• 1:17:44
  And This is why I think they're doing all of the stuff they're
• 1:17:46
  doing. They're literally or rather
• 1:17:48
  metaphorically shooting themselves in the foot here and
• 1:17:51
  they're just hurting their citizens.
• 1:17:53
  So like if I was in the EU right now, I would be so upset about
• 1:17:57
  everything coming out from the top levels because everything
• 1:18:00
  they're doing is setting that, that whole continent in the
• 1:18:04
  wrong direction. As we've been covering.
• 1:18:06
  There is a very clear fork in the road right now.
• 1:18:09
  It is a CBDC future and it is a Bitcoin future.
• 1:18:12
  The world is going digital, as you know, like we're never going
• 1:18:16
  back to the stone ages. We're not going to go into a
• 1:18:18
  world, a future world without electricity, without Internet.
• 1:18:22
  And so there is a choice here. It is going digital and do you
• 1:18:27
  want any money that they can control?
• 1:18:28
  They can shut you off. And you know, for me, it would
• 1:18:31
  be like, that's why I'm not the biggest fan of stable coins.
• 1:18:34
  Or do you want a world that has permissionless censorship
• 1:18:38
  resistant hard cap money? This is the, this is the future.
• 1:18:41
  We're going to, as you can tell from everyone, they are trying
• 1:18:46
  to push us towards this digital future.
• 1:18:48
  But there is 2 kind of, you know, endpoints here. 1 is like
• 1:18:53
  a digital dystopia. And the other, I'm not going to
• 1:18:55
  say it's a digital utopia because there's no such thing as
• 1:18:58
  a utopia. But there is another one that
• 1:19:00
  has more freedom, more sovereignty, a world where we
• 1:19:04
  aren't built on theft and lies, and a world bid on truth, a
• 1:19:08
  truth Ledger, which is, of course, Bitcoin.
• 1:19:10
  So all the stuff that I see coming out of the European
• 1:19:13
  Union, it all boils down to one thing.
• 1:19:16
  They're in trouble and they're trying to figure out ways to
• 1:19:19
  continue the status quo. And so no matter what they say,
• 1:19:22
  I always kind of boil it back to what Tom Luongo has been saying.
• 1:19:25
  So if you aren't familiar with Tom Luongo, I forget what his
• 1:19:28
  podcast, it's like gold, guns and goats or something like
• 1:19:31
  that. Goats, guns and gold.
• 1:19:33
  I I forget dude, what a name. Yeah, I forget what it is, but
• 1:19:37
  it's like a triple G something gold.
• 1:19:39
  Guns, goats, goats, guns go. I forget what it is, but he does
• 1:19:43
  really good analysis of what's going on.
• 1:19:45
  And of course, he is an American and he does talk about American
• 1:19:48
  politics a lot. But I think he's been spot on on
• 1:19:52
  this idea that all the attacks on not only just Bitcoin, but
• 1:19:57
  again, on American politics, it all boils down to the City of
• 1:20:00
  London is struggling right now. And if you know anything about
• 1:20:02
  the City of London, it's basically, you know, the heart
• 1:20:05
  of the modern financial world, well, at least from the EU.
• 1:20:08
  And so the fact that we're seeing August and Carson's
• 1:20:12
  attack stable. Coins, even though I'm not the
• 1:20:13
  biggest fan of stable coins, it's really just kind of showing
• 1:20:16
  what's the other one? The emperor has no clothes.
• 1:20:19
  Everything they're doing is essentially projection right now
• 1:20:23
  because they are coping, they're in trouble and they're trying to
• 1:20:26
  find ways to continue the trust into the system that this or the
• 1:20:30
  rather the status quo. And I think it's failing and I
• 1:20:34
  mean, obviously it's failing from our perspective as
• 1:20:36
  Bitcoiners and of course as Americans, but it might be
• 1:20:39
  lasting or rather might be landing if you're someone that
• 1:20:43
  is ill informed in the European Union.
• 1:20:46
  So hopefully people wake up and realize what is going on, what
• 1:20:49
  the stakes are. But this is the real battle
• 1:20:52
  right now. It is financial, it is
• 1:20:53
  psychological and it does play out on the Internet.
• 1:20:56
  This is everything going on right now.
• 1:20:59
  Again, as we used to say every single day here and we used to
• 1:21:01
  say once a week, you are on the front lines here and everything
• 1:21:05
  we do again, I'm I'm sounding a little cliche at this point, but
• 1:21:08
  everything we do to push Bitcoin forward is pushing the fight
• 1:21:13
  forward or pushing freedom forward, however you want to
• 1:21:16
  frame it. It's like don't forget that
• 1:21:18
  everything we do, not just here at simply Bitcoin, but what you
• 1:21:21
  guys do personally in your day-to-day lives is
• 1:21:24
  fundamentally pushing the needle towards a better future.
• 1:21:27
  So continue to do that guys. Absolutely.
• 1:21:30
  Amen guys. We still have a hell of a show
• 1:21:31
  lined up for you guys going a little bit long today.
• 1:21:34
  We like it, an experiment. Seems like you guys are enjoying
• 1:21:37
  it as well. Talking about renting versus
• 1:21:41
  versus buying. We're talking about the Bank of
• 1:21:45
  International Settlements war against stable coins.
• 1:21:48
  You know, it's been a great show.
• 1:21:50
  We got a comment in here, Opti. I loved it.
• 1:21:53
  The comments, dude, I love the comments.
• 1:21:57
  Where is it? Here it is.
• 1:22:00
  We got Dean. He says episode 1275 was hailed
• 1:22:05
  as the highest rated episode among fans and critics alike.
• 1:22:10
  I will take it. I will take it.
• 1:22:12
  Anyways, guys, we still got a hello show lined up for you
• 1:22:15
  guys. We got the culture segment,
• 1:22:16
  which we're gonna hit in just one second.
• 1:22:20
  I want to give a shout out to our partner, Hive Digital
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  Hive Digital Tech or at Hive digitaltech.com.
• 1:23:05
  I want to give a shout out to our sponsor Casa.
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• 1:24:02
  All right, big breaking, massive breaking.
• 1:24:04
  I'm taking a look at the poll here and.
• 1:24:07
  Wait, read it for the audio listeners.
• 1:24:09
  Initially Nico has one. Does Laszlo say pizza or pizza?
• 1:24:17
  You can't. I know there the difference.
• 1:24:21
  It's pizza or pizza. I can't.
• 1:24:24
  I don't know what pizza with Z's OK, Is it pizza?
• 1:24:27
  There's no X in it is. It pizza or pizza?
• 1:24:30
  Sure, that's better. OK.
• 1:24:33
  And 60% of you guys said pizza, which is taking Nico's side.
• 1:24:38
  He's also from Florida, apparently, so it might be a
• 1:24:40
  Florida thing. So Florida for the win.
• 1:24:43
  Opti's also from Florida now. I'm, I'm turning into, I'm
• 1:24:46
  transforming into a Florida man before your eyes.
• 1:24:49
  Wait. Yeah, yeah.
• 1:24:49
  We got a super chat from Dustin doesn't appreciate the $5 is
• 1:24:53
  notice how the UK is denying any Bitcoin involvement.
• 1:24:56
  This is a big mistake in their part.
• 1:24:59
  There are bitcoiners leaving the UK.
• 1:25:00
  Smart move America. Yeah, I mean this is what I keep
• 1:25:03
  telling you about the game theory.
• 1:25:04
  Like, any country that is just gonna, like, turn a blind eye
• 1:25:09
  against Bitcoin, they're not putting themselves in an
• 1:25:13
  advantageous position long term. Like, that's the reality of it.
• 1:25:17
  So yeah, I mean, like, the game theory, eventually play, it
• 1:25:21
  comes into play because these countries are going to be forced
• 1:25:25
  to have to take a look, a good look at Bitcoin and adopt it
• 1:25:29
  whether they like it or not. Anyways, we're almost at 200
• 1:25:31
  live viewers, so smash that like button, we're at 180.
• 1:25:35
  Seven, we have way more than two.
• 1:25:37
  Yeah, we have. Significant we have 188 likes on
• 1:25:40
  YouTube so smash that like button if you guys are enjoying
• 1:25:42
  the show and shout out to the rest of the stream.
• 1:25:45
  We have 2368 people watching live between YouTube and X.
• 1:25:50
  And of course shout out to the 57 of you guys watching live on
• 1:25:55
  Rumble. Yeah, RLRL tripping in the chat.
• 1:26:00
  The chat's been wild today. Florida Man peaks disguise.
• 1:26:06
  Hey Nico, we can get you a grammar coach in the chat.
• 1:26:08
  No dude, we've made it this far without a grammar coach bro.
• 1:26:12
  Yeah, somehow it's our job and we can't speak English.
• 1:26:15
  Without a grammar coach or. Not grammar coaching it now,
• 1:26:18
  man. All right, well, look, here is
• 1:26:20
  my culture today. And honestly, this morning I
• 1:26:23
  kind of thought I was going to pull this like out of thin air
• 1:26:27
  and I, I just really wanted to hit on this.
• 1:26:28
  I, I saw some really good threads.
• 1:26:30
  It's one of the things I love to talk about in, in, in regards to
• 1:26:33
  how people should acquire Bitcoin.
• 1:26:35
  But in the face of what we just kind of talked about before on
• 1:26:39
  this whole show, I think it does fit really well into what we're
• 1:26:43
  talking about. And as you can tell, we're
• 1:26:45
  obviously advocates of holding as little Fiat as possible, you
• 1:26:49
  know, don't rent, etcetera, etcetera.
• 1:26:52
  But I shout out to bull Bitcoin because they did this good
• 1:26:56
  threat. Oh, I thought I pulled it up.
• 1:26:57
  They did spread. And this is one of my favorite
• 1:26:59
  topics is whether you should DCA or whether you should basically
• 1:27:04
  capitulate, lump sum your Fiat as quickly as possible.
• 1:27:07
  And I'm not going to read just the whole thing, just kind of
• 1:27:10
  some of these points here because as you guys know, you
• 1:27:14
  know, Full disclosure, my Bitcoin strategy is always the
• 1:27:18
  same. I capitulate my Fiat as quickly
• 1:27:21
  as possible. You may say that to DCA, you may
• 1:27:24
  say that's a lump sum. But if you watch this whole show
• 1:27:27
  today and you're wondering how should I get into Bitcoin?
• 1:27:31
  What's the best way to do this? We have some raw numbers here to
• 1:27:34
  kind of show which strategy might be the best depending on
• 1:27:38
  how much conviction you have as a bitcoiner.
• 1:27:40
  So again, a lump sum would will invest everything at once or DCA
• 1:27:45
  invest a fixed amount regularly. And then diving into the data,
• 1:27:49
  of course, a lot of people have been saying DCA is the best for
• 1:27:52
  beginners, it avoids bad market timing and it supposedly
• 1:27:56
  performs better long term. But they analyze this DCA versus
• 1:28:00
  lump sum strategy from January 2016 to May 2025.
• 1:28:04
  So this is the most recent updated version of this, a $4.7
• 1:28:08
  million plus portfolio per strategy weekly or monthly DCA
• 1:28:13
  with the minimum holding period of one year, no cherry pick
• 1:28:16
  dates. And here we go.
• 1:28:17
  This is the, this is where it starts to get interesting.
• 1:28:19
  As you can see here and I'll pull this up.
• 1:28:22
  As you can see, lump sum investing significantly
• 1:28:25
  outperforms DCA winds in 82.5% of cases, especially over long
• 1:28:31
  time horizons. And look at this, this is crazy.
• 1:28:35
  So you know, again, optive indicated here because I
• 1:28:38
  capitulate my Fiat as quickly as possible.
• 1:28:40
  And then DC only beats lump sum roughly 17.5% of the time.
• 1:28:45
  It shines near market peaks followed by drops, but those
• 1:28:48
  moments are rare across the period.
• 1:28:49
  Analyze. So DCA does smooth the ride out
• 1:28:52
  and might help you sleep better, but you should probably lump
• 1:28:56
  sum. Lump sum suits those confident
• 1:28:58
  Bitcoin and unfazed by volatility.
• 1:29:00
  DCA works better for those seeking stability.
• 1:29:03
  Of course, it goes into the hidden cost of DCA, which is
• 1:29:06
  what I talk about here constantly is UTXO management.
• 1:29:09
  So I'm drawing out a lot of different terms, but in the
• 1:29:12
  context of what we are talking about here, and I guess this
• 1:29:17
  might be the time when I say this isn't financial advice.
• 1:29:20
  If you want to know what I do, you literally capitulate your
• 1:29:23
  Fiat as soon as you get it, pay your bills, rent, etcetera,
• 1:29:25
  food, maybe some extra wealth for some good time.
• 1:29:29
  So you're not a, you know, a hermit or you know what's,
• 1:29:32
  what's the shining? All work, no play makes Jack a
• 1:29:34
  doughboy anyways, lump sum's the way to go.
• 1:29:37
  Of course, if you are newer to Bitcoin, maybe you should DCA so
• 1:29:42
  you understand what's going on. Now that isn't the only thing I
• 1:29:45
  wanted to talk about because I did want to kind of leave
• 1:29:47
  today's show and I was really again just kind of putting this
• 1:29:49
  up on the show because I wanted to And I I need some opium here
• 1:29:53
  and I haven't shown Nico this opium yet and we all know Nico's
• 1:29:57
  a perma bear. But I did show Sophie this opium
• 1:29:59
  this morning. So you know, in before you guys
• 1:30:02
  call us a Hopium dealer in the chat, but I really like this
• 1:30:05
  thread here. Again, going into this idea of
• 1:30:09
  lump summing and DCA and spreading this over time.
• 1:30:13
  Yes, there is times when maybe ADCA does help you again, if
• 1:30:17
  you're buying in the market top and you want to kind of see
• 1:30:20
  what's going on where we are on the cycle.
• 1:30:22
  I really like this thread right here, Nico, check this out.
• 1:30:25
  So new projection here again, spot price speculation.
• 1:30:30
  We we're we're turning into simply a price speculations
• 1:30:33
  here, But we all want to know what's going to happen to the
• 1:30:35
  price by the end of the year and stack wisely.
• 1:30:38
  And I I've never seen them before.
• 1:30:42
  It's called. That's the account stack wisely.
• 1:30:43
  And it's projecting $1,000,000. We just hold up.
• 1:30:46
  Let me read this. Let me read this for you.
• 1:30:48
  But yes, basically. So they're currently projecting
• 1:30:51
  a top near 247,335 in October. And of course, like all guesses
• 1:30:57
  at the top, this one should be taken with a huge grain of salt.
• 1:31:01
  Our core belief is that you should have a plan in place for
• 1:31:03
  both a bullish and bearish scenario including, and this is
• 1:31:07
  the most bearish part about this post, the possibility that we
• 1:31:11
  already topped like a double top like 2021.
• 1:31:14
  But we arrived at a 250K number by looking at all the times our
• 1:31:18
  long term indicators were at a similar level in the previous
• 1:31:20
  cycle, taking the average gains remaining from there and
• 1:31:23
  applying them to today. Another way to say it is
• 1:31:25
  historically when the market was at this point, we had 132% gains
• 1:31:30
  remaining on average, but these numbers look dramatically
• 1:31:33
  different if we include the 2017 cycle.
• 1:31:36
  With 2017 included, the forecast shifts to a top of a 1.0 4
• 1:31:42
  million dollars $1 million per coin by December 31st 2025.
• 1:31:47
  That would indeed be a happy new year.
• 1:31:49
  Now this is where I found it from shouts out the stack holder
• 1:31:53
  or Hodler and he goes. You know if you take a long term
• 1:31:56
  indicator data from 2017 and 2021 cycles and applied to
• 1:31:59
  today, you end up with a million per coin.
• 1:32:02
  This probably won't happen, but it gives you an idea how insane
• 1:32:05
  2017 was. And This is why, you know, we
• 1:32:07
  always come on the show and it's like we're bored here.
• 1:32:10
  What's going on? And in 2017, if you did follow
• 1:32:14
  the 2017 cycle, it would be like 2 million, $2.24 million per
• 1:32:20
  coin. Now, this is probably why a lot
• 1:32:22
  of Bitcoiners lose their mind. They go shit coining, you know,
• 1:32:25
  you, you become a perma bear like the guy sitting next to me.
• 1:32:29
  We probably won't recreate 2017, but a lot of this is just kind
• 1:32:35
  of looking back and projecting where we're going in the future.
• 1:32:38
  And obviously no one knows what's going to happen.
• 1:32:42
  But going back to what strategy should you use if you think it's
• 1:32:47
  going to go to these levels? I'm always an advocate of
• 1:32:50
  whatever money's coming in, make sure you pay your rent, but the
• 1:32:55
  rest of it should be instantly capitulated in the in the
• 1:32:58
  Bitcoin, whether that's DCA or lump Suming.
• 1:33:01
  I think I think that's, you know, a vernacular argument
• 1:33:06
  here. But in the face of what we're
• 1:33:10
  saying today, if things get even crazier, not only in Bitcoin
• 1:33:13
  price going up, but in the Fiat collapse right now.
• 1:33:16
  And there's actually actually let me let me pull this up
• 1:33:18
  'cause there is one more metric here that I can just hopefully
• 1:33:22
  put some more some more bull juice, some more doomer stuff in
• 1:33:26
  here for you. I saw this as well this morning
• 1:33:29
  and it's actually super interesting when you kind of
• 1:33:33
  think about this. So let me pull this up again
• 1:33:36
  super quick. It is this tweet here in the US,
• 1:33:41
  dollar is down 10% in just six months.
• 1:33:44
  It's worse. It's worse the first half in 40
• 1:33:47
  years. Again, your purchasing power in
• 1:33:49
  the dollar is down 10% in the last six months and bitcoins
• 1:33:54
  done what like a 54% gain on top of that or something like that.
• 1:33:59
  I forget what the number is, but all of this is to say there are
• 1:34:04
  some cracks in the system. Your Fiat is going to 0 Bitcoin
• 1:34:08
  is going up for a long time. You should be in the market
• 1:34:12
  right now. You should be buying, you should
• 1:34:14
  be holding you should be, you know, consolidating UTX OS, all
• 1:34:17
  that good stuff. Again, I just wanted to leave
• 1:34:19
  you guys with a little bit of opium at the end of this this
• 1:34:21
  show today. I'm still convinced by the end
• 1:34:25
  of the year we're going to get a little crazy Nico.
• 1:34:28
  So here actually, we got one more super chat.
• 1:34:30
  Dustin Dees. Why doesn't sailor BlackRock
• 1:34:33
  mine Bitcoin? I don't know you have to ask
• 1:34:36
  them bro. We'll see we'll see, but
• 1:34:39
  everyone's saying 1 mill by New Year's.
• 1:34:41
  I'd like that. I would love that So anyways,
• 1:34:44
  Nico, let's just let maybe you just chat on the opium at the
• 1:34:48
  end. What?
• 1:34:49
  What would what true Leave. I don't know what that means,
• 1:34:53
  man. Nico $1,000,000.
• 1:34:57
  No, no, you heard it here. He's a bear, I mean.
• 1:35:00
  Dude like OK is it? DCA versus lump sum.
• 1:35:03
  Is it possible lump sum every time just feels good?
• 1:35:08
  You heard it here. I, I did, I've tried DCA ING
• 1:35:11
  before, but like, if you ever just get a lump sum of cash, I
• 1:35:14
  just, I can't help myself and I'm just like, that's it.
• 1:35:17
  And I've bought the tops, I've bought the bottoms.
• 1:35:21
  It's just I don't know if you have the if you have the the
• 1:35:24
  self-control to you. Know, wait, wait Nico, sorry, I
• 1:35:28
  don't mean to cut you off, but I really like the end of this
• 1:35:31
  super or sorry comment here. I think the old cycles are done.
• 1:35:35
  Bitcoin fundamentals change drastically this cycle.
• 1:35:38
  It should behave more like a steady stair step run with some
• 1:35:40
  25 to 30% draw down the back every now and then.
• 1:35:44
  I'm still, I think the, the debate is still out whether
• 1:35:46
  we're doing that stair step. You know, I've been saying that
• 1:35:49
  for a while on the show, but I think one thing does come true
• 1:35:54
  and is truthful about this post. I think we are starting to see
• 1:35:57
  the dampen volatility of Bitcoin on the downside.
• 1:36:00
  Now, do we know that this is going to dampen the volatility
• 1:36:03
  on the upside? We have no idea yet, but it is
• 1:36:06
  starting to feel like with all of this institutional capital,
• 1:36:08
  Bitcoin, corporate treasury strategies, it does seem like,
• 1:36:13
  you know, 8070% drawdowns are probably a thing of the past
• 1:36:17
  now. Is there a non zero chance that
• 1:36:19
  those will happen again? Of course.
• 1:36:21
  But in the face of all of the things we've seen in the last
• 1:36:25
  couple of months, whether it was the tariffs, whether it was the
• 1:36:28
  Middle East crisis, Bitcoin has been performing really, really
• 1:36:31
  strong. And I'll play you guys a video
• 1:36:34
  tomorrow, But a lot of people are looking at Bitcoin now and
• 1:36:38
  realizing, hey, you know, it's no longer really performing like
• 1:36:42
  a high beta stock right now. It's actually kind of performing
• 1:36:46
  just like the stock market on the downturn.
• 1:36:49
  And I think that is a testament to how healthy and strong the
• 1:36:52
  Bitcoin network is, the Bitcoin network effect is.
• 1:36:56
  So I don't know, it's it's hard to look around at at everything
• 1:36:59
  going on and not not be bullish about where we're headed.
• 1:37:02
  So now for ranting. I think maybe we should wrap up
• 1:37:05
  today's show, Nico. Guys, if you guys enjoy it, no,
• 1:37:07
  I mean the show, show live number stays solid throughout
• 1:37:10
  the whole time. We've did break 202 hundred
• 1:37:13
  likes during the show. Guys, we appreciate you.
• 1:37:18
  Love you. I'm gonna be out of town, out of
• 1:37:21
  office for the Friday show and the Saturday show.
• 1:37:25
  I will be in Canada for the Bitcoin Rodeo, which I'm really
• 1:37:28
  looking forward to. It should be a whole lot of fun,
• 1:37:32
  but Opti and Luke are going to be holding down the live show.
• 1:37:36
  So the show don't stop this, the signal don't stop.
• 1:37:40
  Until then, love you all, appreciate you all, smash the
• 1:37:43
  like button and consider subscribing and we'll see you
• 1:37:45
  tomorrow for a brand new episode of Simply Bitcoin Live.
• 1:37:48
  Today's episode was brought to you by bitcoinwell.com, a
• 1:37:52
  Bitcoin only platform on a mission to enable financial
• 1:37:55
  independence.