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Love or hate Donald Trump but one thing is clear - he kicked off the nation state for bitcoin adoption
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Donald Trump's Bitcoin warning is going global.
We've all been distracted lately, but three countries just quietly advanced their strategic
Bitcoin reserve plans.
A central bank in Asia is planning to dump their gold and buy $350 million of Bitcoin.
Another hidden Bitcoin country instructed their government to have state sanctioned Bitcoin
mining and Brazil.
The largest country in economy in South America just made an interesting move to attract more
Bitcoiners to the country.
And this comes weeks after they advance a strategic Bitcoin reserve bill to buy a million
Bitcoin.
Sounds a lot like what the US is doing.
So look, lover, hate Donald Trump, he really kicked off the nation state Bitcoin race.
And it is, it did happen slowly, but it seems to have picked up.
It seems to have actually started to catch on again, maybe a lot slower than a lot of
us had wanted had imagined, but there is movement around the world globally and people taking
Bitcoin very seriously.
So I will start with the Brazil news because this one is pretty interesting.
Of course, this did happen a couple of weeks ago and we didn't really talk about it.
And I think the reason I didn't bring it up on the show is because I personally have
gotten a little worn out with the idea of bills being proposed for Bitcoin.
Last year in the US, in particular, we, I think every other week we were getting a new
bill proposed to stack Bitcoin, to protect Bitcoiners, you know, to protect Bitcoin mining.
And it just felt like, okay, you know, proposing a bill like whatever it until it passes until
something significantly happens until something actually happens better put, it's like,
okay, whatever.
Like we've heard this before, another bill is being proposed, but I think this one is
a little interesting and I have been kind of waiting to bring this on the show because
it does show that the again, the nation state Bitcoin adoption or Bitcoin race is going
into overtime.
The fact that this is being proposed now, just that fact alone is very interesting.
Again, here's the headline from Bitcoin magazine, Brazil proposes national Bitcoin reserve
targets one million Bitcoin over five years.
It's literally saying the same exact thing that Senator Lumbus has proposed in the Bitcoin
act.
Now, again, it is just a bill proposal.
So this is, you know, nothing concrete.
They didn't, they didn't pass this.
I don't even think it will get far enough to even get voted on.
But again, the idea of another nation state saying, hey, look, this is a good idea.
We also want to try to get to a million Bitcoin.
I think that's the signal here.
That is the big point.
We have come a long way in the adoption or rather maybe just the mental perspective of
Bitcoin that countries are seriously proposing stacking a million Bitcoin.
A year ago, two years ago or rather, you know, in November of 2024 before the Trump midter
or sorry, presidential campaign, I don't think any of us would have really thought that
countries would be proposing this type of legislation trying to acquire a million Bitcoin.
So we've gotten to the point now, yes, it's being proposed in the US.
It probably is not going to pass this bill in Brazil is probably just as much of a long
shot to pass as it is in the US.
But again, that's besides the point in my opinion, I think the fact that they're proposing
this seriously and not necessarily tongue in cheek.
It's not a troll.
It's not engagement, you know, clickbait farming on Twitter.
It's not just, you know, AI Photoshop stuff there, seriously proposing trying to stack
a million Bitcoin again, probably won't pass, but this does go into what they actually
did propose and what they're actually doing in Brazil.
And this is why the story of nation state Bitcoin adoption with all of these pieces is showing
that it is spreading globally.
There is real conversations at the highest levels talking about trying to build or in various
different ways, make a strategic Bitcoin reserve.
I think we've come a long way.
Yes, this is narrative trench warfare.
Yes, you might be saying, hey, you know, I think we've come a long way.
I thought this was a bottom up revolution.
I thought we were separating money from state.
How come Opti and the simply Bitcoin guys are always out here cheerleading the state acquiring
Bitcoin?
Guys, we're a new show here.
We're just covering what is happening for good and for bad.
Yes, I may talk about these things, but you guys know when I come on this and I come
on the show, I am usually hyper critical of any of these movements.
And so we cover the headlines and then I give you my takes.
Anyways, this actually did happen.
I am on a sort of sketchy website, but I can confirm it is happening.
It's just the other websites were just not in English.
So, you know, even if I do translations, it still doesn't look as good.
But anyways, Brazil is set to put to zero the import duties on as the headline says high
efficiency, high efficiency Bitcoin miners.
Brazil's foreign trade council set in-pert duties at zero percent for a narrow class of
high efficiency Bitcoin mining servers until January 20, 20, 8.
Of course, other taxes may apply.
So they literally dropped all import duties on shot to 56 miners.
So I don't know if they understand, I don't know if the Brazil's foreign trade council
fully understands Bitcoin miners themselves.
They use the the wording at least in Portuguese crypto miners and then that's why they had
to specify shot to 56, but they're basically saying the same thing like Bitcoin miners do
use shot to 56.
So it they basically dropped all import fees on Bitcoin mining computers, Bitcoin mining
a six, which I think is a huge move.
Obviously tariffs have all been in the news.
We've all been hearing what the states have been doing around tariffs.
It's one of the biggest kind of topics right now, whether this is good or bad, but on the flipside
for at least Brazilians, they're like, Hey, we want Bitcoin miners to be in Brazil.
How can we do this?
They're like, we're just literally going to drop all taxes on Bitcoin ASIC.
So therefore more Bitcoiners want to mine in Brazil.
And of course, more Bitcoin capital or more Bitcoiners with capital, more capital allocation,
we'll get attracted to Brazil.
It really goes into one of the very big theories and narratives and perspectives of
Bitcoiners that, Hey, where capital is treated best, that's where money flows.
I would say that Brazil, this is a pretty big move.
If they are trying to actively build up the amount of Bitcoin miners in Brazil,
this is a pretty solid move from a game theory perspective from an economic perspective,
trying to attract Bitcoiners into your country, especially the Bitcoin miners, solid move.
I know Bitcoin mining isn't as sexy as all of the other topics that most people like to talk about,
but we always got to remember without the Bitcoin miners, we wouldn't be here.
The network wouldn't be what it is.
So huge move to start off here from Brazil.
Yes, there was a proposition.
If you guys have been following this story, yes, they did propose this a couple of months ago.
I think it was the end of 2025 in December.
But now they just doubled down and it's basically official.
They're like, yep, this is what's going on.
We want to attract Bitcoin miners into our country.
So if you're trying to buy A6 in Brazil, no import duties on it.
No taxes on it.
Well, other taxes may apply, but the import tax is dropped 0% on Bitcoin A6, solid move.
Honestly, solid move here.
Now, the next story is pretty interesting as well.
This I did see on Twitter earlier this week, and it's my Daniel Baton.
He quote, tweeted this, I do have an article here from Bitcoin Mag to kind of break,
break this down a little bit, but he goes, Justin Peregley has just followed the lead of
Bhutan using wasted hydro energy to mine Bitcoin for a likely national Bitcoin reserve.
Reports indicate mine Bitcoin will likely be held as a state asset or the national treasury,
potentially used to fund infrastructure.
Now, of course, oh, I didn't pull it up.
Of course, we talked about the Bhutan story and we haven't really brought any more updates
on the Bhutan story. And maybe if you've been following along on Bhutan's national strategic
Bitcoin reserve, you may have gotten a little disappointed because they have used those funds to,
you know, there's been some selling from Bhutan. They have been using those funds to build their
infrastructure up, which on the one hand, from like a hardcore Bitcoin perspective,
you're like, they're supposed to hoddle the Bitcoin on the other perspective of,
hey, Bitcoin is money. And if you're on a, you know, state level, you probably want to use
wherever your profits are coming from so that you can actually build up the infrastructure
so that your country gets better. So I think this is from from in particular to Bhutan.
I think that's a good move for them. Obviously, small country, they made a lot of money mining
Bitcoin secretly. We only heard about this because there was, you know, they had to report
about their Celsius holdings. Then we all found out, hey, they're a Bitcoin country. Yes,
they may be small, but they are mining Bitcoin on a state level and they made a strategic
Bitcoin reserve. Yes, they're using their money. But anyways, Paraguay apparently is following suit.
Though when you look into the specifics of this, it might not make you feel as good as say
the Bhutan story where they're like, hey, we're just mining Bitcoin. This one is a little trickier.
It's not as black and white, but hey, they Paraguay is also building a strategic Bitcoin reserve or
rather, mining Bitcoin so to potentially build a strategic Bitcoin reserve. And if you've been around
here on the show or you've been following any of the Bitcoin mining companies, you know there's
a lot of Bitcoin miners in Paraguay. It is one of the places right now that is looking very good
to Bitcoin miners, cheap energy, a lot of land. The government is pretty favorable around Bitcoin.
But that's where we get into this story. Here's the headline from Bitcoin Mag that happened again,
the beginning of this week. And it goes Paraguay exploring using seized miners for state run
Bitcoin operation. Paraguay state utility is teaming up with Morphware to turn seized miners into
the country's first government run Bitcoin operation. So this isn't the first time we've seen this
happen. But in Paraguay, it seems like it's happening. They're going to create a state run, state
sanctioned Bitcoin mining farm so that they can of course mine Bitcoin. So Paraguay state owned
electricity monopoly, the administration national that electricity, dad, my Spanish sucks guys.
Or Andy has signed a memorandum of understanding with Morphware, setting the stage for a government
led Bitcoin mining program built around thousands of seized mining machines and unused hydroelectric
power. This is where actually let me let me read this more and then I'll do kind of my you know
pros and cons of this. So there's a agreement formalizes cooperation between Andy and Morphware,
positioning Morphware as a technical and advisory partner for regulated Bitcoin mining operations
in Paraguay. At the center of the deal is a growing stockpile confiscated Bitcoin miners that
Paraguay and authorities have seized from illegal operations across the country. According to Morphware
founder and CEO Kenzo Trebing, the government is holding Bitcoin miners that were taken from
operators accused of stealing electricity or falsely registering its other types of businesses to
secure a lower power rate. Quote, they're literally stacked to the ceiling describing government
warehouses filled with idle machines. The pilot program will need to redeploy 1,500 of the
seized Bitcoin miners at Andy controlled sites. Of course Paraguay has become a hotspot for Bitcoin
mining. Now the probably hardcore Bitcoiners are looking at this and they're like okay you know
state's going to do what state's going to do they're going to steal hardware and then they're
going to use it to profit themselves. Now that's where my more cynical view of this kind of comes
about and it really reminds me of what we saw happen in Venezuela not saying Paraguay is Venezuela
per se and by that I mean I don't know obviously Paraguay is a South American country and if you
know anything about Latin American countries is there is a lot of rampant corruption from the
government level so this is where I'm kind of maybe being a little cynical or maybe I'm being a
realist or a pragmatist or whatever you want to call it but this does in my opinion lead to
the incentive structure of them potentially making it seem like all Bitcoin miners are having
illegal mining operations. Even if they do have the right paperwork I think Paraguay though
from what I understand and from the conversations I've had with you know say Frank Holmes
or Kent from Sad's mining it seems like the Paraguay and government is very excited and
adamant about becoming a Bitcoin hotspot obviously a lot of hydroelectric power there that is
unused they are really trying to incentivize miners to come down there but again we have seen
examples like this happened in the past and again I'm not saying Paraguay is as corrupt as
Venezuela is you know I'm just saying there's a chance for corruption to occur and by that the
game theory or maybe the attack vectors here is obviously now that they have a state sanction
mining operation that's about to deploy who knows what kind of shenanigans might happen once
they realize how profitable it actually is for them to use basically zero energy you know state
sanction energy state subsidized energy it's basically free to them even though no certain
is free in the world and then they go around and they just start shutting down the competition
they start stealing Bitcoin miner corporations infrastructure they start you know confiscating more
A6 so that they can build a bigger state run Bitcoin mining facility so that they can of course
stack more Bitcoin so hey interesting moves happening right now obviously I think it's pretty safe
to say that if they are going to start mining Bitcoin on a state level that they're probably
going to do something on the lines of hodling the Bitcoin that they are stacking I mean yes they
could you know use the excess energy from their hydroelectric power plants and they you know can turn
that into profits and they'll sell off a lot of that Bitcoin I think it's a pretty safe better
non-zero chance that they will hoddle a lot of that Bitcoin as well so maybe on the one hand
in the first story Brazil is trying to do a you know million Bitcoin strategic reserve but they're
just trying to incentivize Bitcoin miners to come down in Paraguay looks like they're going to do
a state sanction Bitcoin mining operation which will most likely lead to a strategic Bitcoin
reserve or a nation state bag of Bitcoin I don't think that's too big of a stretch to say
as we are seeing around the world the Bitcoin conversation the promise of what Bitcoin is the
understanding that you might want to add Bitcoin to your balance sheets whether you're
individual corporation or a nation state that conversation is slowly ramping up it is becoming
a real conversation people are taking Bitcoin very seriously whether they like Bitcoin or not whether
they think Bitcoin is money like we do whether they need something that is neutral money that is
not a political money who knows exactly what they're thinking but we do have concrete facts here
they are building a state sanctioned Bitcoin mining infrastructure I'm I'm pretty sure soon enough
once this starts going we will see coming out of Paraguay that they are hodling that Bitcoin they
built a strategic Bitcoin reserve and again as Daniel said Daniel Baton said in the beginning
they're following the Bhutan lead the Bhutan playbook here and we know what Bhutan did
they have a strategic Bitcoin reserve it might not be the biggest one they are a small country
but hey they're probably building one as well okay now the probably big interesting news for
this morning is we officially well actually it's not official per se but we're on the verge of seeing
the second central bank to add Bitcoin to their balance sheet I mean we just heard literally
earlier this week Ray Dalio saying I don't think central banks will ever hold Bitcoin you know it's
not it's not private enough well you know I don't know if Ray Dalio knows but there already is a
central bank that holds Bitcoin and that is in the Czech Republic now we're on the verge or rather
it's pretty much concrete sent stone that this is what they're going to do we have the second central
bank in the world saying we are going to add Bitcoin to our balance sheet and who am I talking about
it's not a you know sexy name it's not even the biggest country out there but it is a country so
number two soon enough will be on the board and it is Kazakhstan so Kazakhstan now says that they
will diversify this Kazakhstan central bank says they will diversify from gold and plans to invest
in crypto in May there's a lot to unpack with just this headline alone but let me read this article
a little bit coming from Yahoo Finance so Kazakhstan central bank has raised up to 350 million from
its gold and foreign exchange and of course is planning to buy some Bitcoin though this is saying
plan to invest in crypto and actually this headline from Yahoo news and from what I did do some you
know rudimentary research again I I'm I'm using English headlines here and English journalists here
to kind of paint the picture for me um they're they're using crypto right now there is a debate
to be had of whether when they say crypto they mean Bitcoin and shitcoins or when they use crypto
doesn't mean Bitcoin you know my boy my my the reigning cash maxi on rumble JJ he's always like
opti always puts Bitcoin when they say crypto well and let's they specifically say Bitcoin and other
things when I hear people say crypto it usually means Bitcoin they just you know people use the term
crypto to really say mean Bitcoin then they just I in my opinion probably don't know any better but
hey you know I'm mind reading here anyways the the bank plans to make these investments by May so
two months from now the banks deputy chair Aliyah mode of becova revealed that they are also
looking to invest in crypto focus companies now this is where this article did does get a little
confusing and and I'll I'll bring that up later so Kazakhstan central bank is looking to invest in
crypto assets as it diversifies its reserves from just gold the bank has already raised up to 350
million dollars from its gold and foreign exchange reserves and it plans to invest in quote crypto assets
according to a ruders report this was on Reuters but again I I don't have a Reuters paid account
I don't even have an account on there and I can't use archive so I can confirm this is true
it's just I'm using this article so that you guys could read along with me again according to
the Reuters report the central banks governor Timor Suleimanov revealed that they have formed a
portfolio of up to 350 million from gold and foreign exchange reserves which they plan to use
to invest in crypto assets quote we are currently developing a list of instruments in which we will
invest this includes not only cryptocurrency itself so I mean you know strange strange kind of
framing here but it looks like they're probably going to diversify into other things besides
quote unquote crypto or my opinion Bitcoin but anyways the governor of the Kazakhstan central bank
suggested they would also invest in crypto stocks he noted that the investment portfolio will
include shares of high tech companies related to crypto assets index funds and other instruments
that exhibit similar dynamics to crypto assets this one this is where this sentence
that I'm going to quote from her this is the one that I believe
uh yeah yeah I think this is the one that is is a weirdly weirdly framed it goes central banks
deputy chair Aliyah mode the becova stated that the instruments will investments will begin in
April or May we are quote we are not talking about any large investments in cryptocurrencies
so I don't know it seems to kind of contradict the headline and the other governor
we are currently selecting companies that deal with digital assets for example those involved in
cryptocurrency infrastructure and we are currently in the process of selecting such companies
so from those two different quotes it does sound like two different things are like two different
narratives are kind of playing out the official what it was the official um governor of the bank
of Kazakhstan central bank of Kazakhstan is like yeah we're going to diversify from gold into crypto
assets into not just crypto but you know crypto stocks crypto assets so I'm guessing some shit coins
and then the deputy chairs like yeah well we're actually going to invest in companies that deal
with digital assets so is that going to be like micro strategy meta-planet uh some like a coin
base Bitcoin mining companies ETFs no clear kind of details on exactly what they're going to be buying
but maybe this is just PR headlines and and watch it when this actually happens in uh what is it
may it's going to be like yeah we we bought some shit coin ETFs or something I don't know we really
don't have much information here but anyways this move comes as government warm up to crypto with
the US already planning to set up a strategic Bitcoin reserve it also makes a growing trend as central
banks begin to adopt Bitcoin as a reserve assets of course mentioning the check national bank acquiring
a million dollars worth of Bitcoin so they are starting small but hey they said it was never going
to happen and it's happening now of course dutch bank last year also said central banks could adopt
Bitcoin alongside goals as a reserve by 2030 and actually one last tidbit here that I really wasn't
familiar with again I'm not a Bitcoin miner I'm not totally in uh you know informed in every detail
around Bitcoin mining but this was pretty interesting that Kazakhstan ranks third in Bitcoin mining
just behind the United States and China that's pretty huge so third largest Bitcoin mining country
is now saying yeah we you know we like this Bitcoin thing we see the profits that Bitcoin mining
is brought to our country and we as a central bank want to diversify into Bitcoin so
the nation state Bitcoin adoption it is happening slowly but it is happening now I think the
most interesting aspect of this headline and it does kind of connect with the Brazil bill proposal
first strategic Bitcoin reserve is it sounds exactly like the senator lumens playbook or the senator
lumens Bitcoin act of course the Brazil strategic Bitcoin reserve bill literally uses the same
verbiage it literally says the senator lumens bill the Bitcoin act says we want to acquire a million
Bitcoin over five years exactly what Brazil said now the second part that we've all been talking
about is in terms of the quote budget neutral ways to acquire Bitcoin and that's where this
Kazakhstan news is interesting to me not just because it's a central bank saying we want to add
Bitcoin to our balance sheet but because they literally did exactly what we were talking about
yesterday with Paul and exactly what senator lumens says we should probably be doing without our gold
that's taking some gold profits and rolling it over into Bitcoin in the US it's this idea that hey
we need to reevaluate our gold holdings again the gold prices of the US's supposed Bitcoin
in Fort Knox is pegged at $35 which if you are somewhat awake you remember that gold is
currently priced at somewhere around $5,000 per ounce the US's gold is valued at $35
so senator lumens has been saying hey we just re re-value the gold
you know that that expands our balance sheet that makes our balance sheet look good
and then we take some of that gold and we buy Bitcoin with it well Kazakhstan is doing that
as we speak it minus the revaluation part they I'm guessing are using the spot price of gold
but they're taking some of the gold profits or you know the fiat gains of gold they're
going to sell a little gold and they're going to start to diversify their central banks portfolio
into quote crypto assets whatever that really means the only real move here for them would be to
acquire Bitcoin in my opinion I guess maybe strategy you know one of these Bitcoin treasury companies
might also be a semi smart move here I wouldn't be surprised if it's an ETF I wouldn't be surprised
if they buy some shit coin stocks or you know it ends up in some shit coins obviously you guys
remember we do have a supposed sovereign wealth fund in the United States with some you know
fine print saying that yeah we could buy some shit coins if we wanted to so again the ideas though
it's something I've been saying on the show for the last couple of weeks when I become very
critical of what Donald Trump has been doing it's that again lover hate the guy he has totally
started the nation state Bitcoin race domino it's fallen it is you can't put that back in the bag
now whether you think the Trump administration is serious about buying Bitcoin whether they will buy
Bitcoin whether they are currently silently buying Bitcoin the conversation is happening and
again you know out of the deal Trump just mega brain gigabrain level you know deal making
he's been doing this forever so you plant the idea maybe it's an extreme idea then you come
back and you basically compromise and you get what you initially wanted it's really hagelian
dialectics but just in a you know deal making capacity well we're seeing it play out everyone is
taking Trump's word that they want to stack a million Bitcoin or you know whatever however much
Bitcoin that they really want to buy Bitcoin in whatever capacity they can so that the taxpayers
don't have to you know foot the bill and they're taking that threat seriously whether it's a threat
or not you you could argue whichever way you want but they're taking the idea of stacking Bitcoin
seriously and now we're seeing globally other countries are like yeah we are not going to get left
behind we are going to at the very least adopt to the new landscape here and take this Bitcoin idea
seriously so it's happening totally happening which is where I've been saying for the last couple
of weeks again when I've become probably a little more dissolution with politics you know the last
year for a little bit it's like oh politics is all the rage let me let me try to sharpen my political
chops here because again maybe it's because I'm getting older maybe it's because it's what's all
in the headlines Bitcoin and politics but Trump has definitely at the very least started the idea
of Bitcoin and I think that is a great idea I know we're the show of separation money in state
but if any country is going to compete in the 21st century they need to embrace Bitcoin the idea
of country's embracing Bitcoin I think is a very good idea not just for me as a bag holder not somewhat
actually I don't own Bitcoin right not not not just for us that are Bitcoin enthusiasts
but because if you are not first in this game you are going to be last and if you know anything
about the science of money about how money works where it is treated best it will flow
and we're seeing there is a lot of economic troubles around the world so if you really want to
have a leg up amongst your competition against your competition it's in your best interest to embrace
Bitcoin I truly believe that the more that politicians fight Bitcoin the harder it is for them
to maintain their position of power now I know we're a little early in this game
but I think for the next decade at least obviously going further
it will be can I say the word the S word it will be a political detriment
to your rise in power if you are fighting Bitcoin again it is early I think we are still the
vocal minority amongst the population that are pro Bitcoin and even further the ones that are
one issue voters around Bitcoin it's like what's your Bitcoin stance then I like you
I think we're still early in that game but there is coming a time very soon where if you fight Bitcoin
you're you're literally actively fighting against the best interests of the people now
that probably brings another can of worms here of whether politicians actually care about what
the people think but if they do if they want to keep that myth alive keep that narrative alive
they're going to have to embrace Bitcoin so look we're seeing it happen it's happening in real time
guys it's not just us doing clickbait it's not just us as my boy down under blues is saying being
propagandist about Bitcoin it is happening there is a fundamental shift in people's perspective
of Bitcoin it is slow they have to go through their paces they have to actually understand what
this Bitcoin thing is but it is happening they're taking the idea of Bitcoin seriously so in the face
of all of the I don't know the the the the doomer Bitcoin takes the demoralization around Bitcoin
one thing is true they're having conversations about Bitcoin at the highest level hold on excuse me
sorry guys felt like I got a hair might throw it's happening okay so hey maybe where who knows
where this bear market ends but they're taking and they is the mythical they you know whoever's in
power the the governments around the world the politicians around the world they have to take this
idea the institutions around the world better better put are having to take Bitcoin semi seriously
whether they believe in it or not it's besides the point they have to seriously consider Bitcoin
in some capacity so we've come a long way it's not perfect it's never perfect I'm always up here
saying yeah you know I wish it was better but at least it's kind of happening I think it's only
going to increase okay guys well oh I'll see if I can get it oops I forgot to upload my video for
you guys today guys okay whatever whatever I saw an interesting clip from Tucker Carlson I'm
again you know me I'm not the biggest Tucker Carlson fan but he is a huge platform and he did this
interesting new video I haven't fully watched it but you get enough from the trailer and he's
calling it the great gold scam interesting interesting video here and since we're a Bitcoin
show you know we have this love hate relationship with gold well not necessarily with gold but with
the gold promoters like Peter shift and then in the news I do have another update on the clarity act
I actually found this tracker on the Iran war that I think is very interesting it brings up a lot
of ideas of the money printers coming back on and I know I said I might have a beam review for you guys
but I didn't find any good memes guys so I got some a hope young for the end of the show all right
so you're gonna want to stick around on that note I'll be right back after our first commercial break
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all righty then guys let's see all right I'm trying to upload the video for you guys
behind the scene so hopefully it uploads quick enough the current Bitcoin price is $68,340
per Bitcoin the discount from all time high is 45.8% the market cap we're back in the three's
bro I don't know why the 1.3 trillion just makes me feel so sad every time I see it it makes
me feel sad anyways the market cap is 1.37 trillion and the block height is 939,615
6.15 939 6.15 is the block height okay let me see let me see in my clothes not really okay whatever
we'll have to go we'll have to go the OG way so I saw this clip again I'm not the biggest Tucker
Carlson fan personally he's a great broadcaster I do respect him as a broadcaster 100% I respect
him as a broadcaster I just I'm not the biggest fan of his maybe it's because I know he I just
I don't know about him okay something about him feels fishy to me but that's besides the point
he just did this video it just came out yesterday it's called the great gold scam
and here's a tweet and it goes people you thought you trusted are partnering with bad actors
in the gold industry to scam you and I saw this from Mike Germano so shout out Mike Germano
now at pubkey formally at Bitcoin magazine he goes Tucker Carlson exposed the huge margins behind
gold dealers and how those profits fund conservative media personalities this will paralyze gold
advertising and Normie will look for new alternative assets with transparency making a massive
opening for Bitcoin exchange advertising so super interesting okay it uploaded I wasn't I wasn't
filibustering for it to upload I really wasn't okay and so this is how I saw this is what it brought
to my attention and then I watched the you know the trailer I will actually watch this episode so
I can fully you know understand the mechanism but you get enough from the trailer and
you know I am gonna bring this back home for me so here's the clip and then I will chat a little bit about
it the gold industry bank rolls a lot of conservative media much of the gold IRA business is not
actually about selling gold at all it's about selling massively marked up coins to people who
trust the voices delivering the pitch why is gold ahead I've decided to partner with the top
graded precious metals company American Hartford gold but it's the fine print that matters and
what the average personal listing doesn't know is how much these pitchmen are getting paid to tell
you that companies have the exclusive control over these coins they can manipulate the price of
the coins at any time so then the question is how can a gold company afford to pay a pitchman
millions of dollars when it's gold it's a commodity it's price is set on the international market
I bought about 186 thousand dollars worth of gold and silver 400 thousand left in my 401k the
price was so high exorbitantly high how do they have margin that big to pay millions to sell
their product and that's when I realized something was terribly wrong that's the dark side of it
what he said was these coins might be the best opportunity for me because you don't get as much
of a loss and they tend to really accelerate when the market goes up which obviously sounds
too good to be true we know this is happening because we talk to people who work inside these
companies the reality is there is no regulation it's like putting a bandaid over a gunshot wound
and then we talk to people who lost their savings with these companies they were pumping this
company and I trusted them and what we found is truly cynical trust in media is weaponized
they said 34% there is no way I heard 34% I heard four percent commissions are so extreme
that Americans losing their savings even as the price of gold rises why because they bought it
for so much more than it's actually worth it they can't redeem it it's so crushing
great gold scam what's happening is widespread it's legal and almost nobody is talking about it
we are watch it now Tucker Carlton are you getting a lot to hold it I will actually probably watch
this one just so you know I can understand it obviously we're in media we had we have advertisers
as well though we're big corners and not gold bug shells that's probably the stark contrast here
but I can tell you upfront you know full disclosure full transparency you know with our partners
they pay us to advertise you Bitcoin products you guys know the products some of you love
some most of them some of you don't love some of them but for the most part all of our partners
are basically ways for you to either secure or use your Bitcoin in a better more safe way that's
that's kind of our ethos here but I have wondered and I've seen I don't know if you guys watch you
conservative content or you know other talking head political content but I did always wonder
like and and some of my favorite content creators you know you know me like
whether you love the guy or not like Alex Jones is the go you know he's one of the he's one of
the great at content at least from our quote unquote conspiracy cited you know Ali of the internet
and I I would watch him every once in a while and then this is not to you know take shots at
uncle Alex here you know like without him we probably wouldn't be here you know we we jokingly
called Nico Nico Jones because he loses the shit like Alex Jones but this is the only one that I
can really remember me watching that I watch occasionally or more than just occasionally and I
always wonder why they shield these gold products so I'm very interested in actually watching this
so I can kind of break down the mechanics of this but from just that short trailer it seems
you know like the scam is pretty now maybe scam is a little harsh per se you know that's how
that's how they get people to click it that's what got my attention is you know they they sell you
these coins they are sold with a premium and you have to buy a lot of them so you're buying a chunk
at a time and it's got a premium but when you actually sell to redeem the gold in dollars when
you actually need it that whole premium vanishes and you're barely making above market if not less
than market price which you know in Bitcoin doesn't happen at all it's like if you buy Bitcoin
from an exchange yes there's sometimes a flow yes there's a little discrepancy from when you buy
the Bitcoin at whatever price to what you receive you know fees etc etc but for the most part
as the meme goes one Bitcoin equals one Bitcoin I know I fight with you guys in the chat about this
sometimes I'm like a self-referential value it really means nothing to just the average person
I know it means something to us but for an average person they're like what the hell did one big
one big one big one mean I mean there's nothing to me and that's why I usually battle you guys
you guys are always like you guys are feeling maxes I thought you're big corners but you price
Bitcoin in dollars and I'm like what else do you price things and like jars of mayo like what are
we talking about here yes I get one Bitcoin equals one Bitcoin it's a good meme but in reality
and practicality in the real world that means nothing to most people I get it one dollar equals one
dollar sure but what dollar are we talking about in one year in what year in terms of purchasing
power because that's totally different but apparently yeah anyway I digress I digress but if you
do watch political content you do see a lot of people shilling gold silver and so again I'm very
interested in watching this one but from what I gather from this it does seem a little nefarious
yes you guys yell at us for the ads I get it but we're running a business we're running a media
business and everything we we everyone we partner with is basically a way for you guys to secure
your Bitcoin or use your Bitcoin so that you guys can stack more Bitcoin that's what it's all about
like we don't you know there's no fine print with us it's just hey we like these Bitcoin products we
use these Bitcoin products we think you should use them too it seems like there is a little more
nefarious incentive structure coming from a lot of these talking head shows in regards to their gold
contracts and like Mike was saying Mike Dermano it really makes you wonder why a lot of these
political pundits are really anti Bitcoin when if they do believe in populism if they do believe in
the you know we the people you know government buy the people for the people you think they would
start talking about Bitcoin more favorably maybe now we know at least one of the root causes
they might have an incentive to just show gold because they make more money doing that like really
there's not that much money in Bitcoin as you know it's very hard to have a profitable business in
Bitcoin it's not that much profits and telling people hey dude you don't even need me just stack Bitcoin
take it in the self custody and repeat the process like there's not that much money in telling
people to do that that's why a lot of people pivot from Bitcoin into shit coins because you can
make a lot of money shilling garbage to people because they either get you know a part of the
pre-mind coin or you know they make some money off of every trade you do and so they're incentivized
to keep you on the hamster wheel in reality what we're doing here is I'm literally like I'm
working my way out of a job here because once you understand hey all I need to do is buy Bitcoin
take it in the self custody you literally don't need to come back I've said that so many times
on this show I'm like look come hang out with us at simply Bitcoin once you become a Bitcoiner
once you understand that basic process if I need to constantly be buying Bitcoin
and securing that Bitcoin it's like you don't have to watch this ever again if you don't like us
once you get the message bro hang up the phone but with that being said I do appreciate the fact
that you guys love hanging out with us that you guys chill with me every single day
you know I say it all the time and I mean it like I love you guys I really appreciate the guys
that hang out I really appreciate the guys that criticize us because I take it in I try to make
this show better for you guys but it is very interesting to know that there might be a little more
of a nefarious incentive structure for a lot of these big talking head big podcasters to be shilling
gold as the saying always goes follow the money maybe that's why a lot of people aren't talking
about Bitcoin it's not that profitable to be like just fucking buy Bitcoin and store the Bitcoin
it's really not that hard so it looks looks like we have a lot of uphill battles here as Bitcoiners
to try to get more Bitcoin into the hands of people and some of the people we might like might
knowingly or unknowingly be part of the problem and and slowing down Bitcoin adoption that might
be a bit of a stretch you know I do like some of the people that and I'm maybe not some of the people
that were shown in that clip but I do like some people that do have gold sponsors on their show
it you know but now I'm like all right I guess I have to watch this talk your costs and video
here but I'll get back to you if there's anything more than what we just heard in in that little trailer
anyways I do want to talk about a recent update on the clarity act the short of it
same place we were before nothing's really dude nothing ever happens bros
fell for it again award nothing ever happens award I just I gotta update you but I did find
our actually shots at the TFTC they did find an interesting tracker war tracker that will
kind of talk about now I think I will kind of talk about how this might relate to Bitcoin per se
you know how it relates to liquidity what the Fed might do so with that being said I will be right
back I want to give a shout out to our partner let in the leader in Bitcoin back loans unlock the
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b-i-t-k-e-y dot world with the code simply hey guys I'm feeling the love in the chat or I love
you guys I love you guys I appreciate it okay let's um let's get into a couple of new stories the
first one I am going to read my girl I she's not my girl I don't know I've never met her okay
I've never met her all right let's not start anymore rumors here but I really do like um her
recent coverage I think she's been doing a really good job it's why keep bringing her up on the show
I highly recommend you guys follow her it is of course Eleanor tyrant uh she works for crypto
America again I feel like I'm repeating myself constantly about where she works anyways here's
a recent update this did come out yesterday night so if you care about the clarity act if you
think it's gonna do any good if you are blackpilled like me about it and you're just like whatever
let's just get on with it at this point either it fails or I guess something passes let's just
like move on from this whole conversation but again I'm here to keep you updated on all of the
different workings happening right now so here's Eleanor's tweet she goes new a post check on crypto
market structure from a handful of conversations with industry sources today so hot off the press
well hot off of last night's it's it's it's day old stale croissants okay so yesterday okay goes first
on yield the Paul the the ball appears to be in Senator Tom tell us his court the North Carolina
Republican was shaping up to be a holdout in January when the banking GOP committee was preparing
for a markup amendments from tillis and senator also Brooks that restricted the scope of stable
quantity awards issued by crypto firms were later cited by coin base as one of the several reasons
it with through support of the bill we did later here that coin base Brian Armstrong said hey you
know there is some compromise we're coming to the table and this is kind of what she relays here
later on in this tweet she goes now the White House has shared legislative text quote the result
of the past month negotiation or sorry parentheses the result of the past months negotiation with
crypto and banks with tillis's office which has been meeting with industry and White House reps
in recent days with talks described as quote a moving in the right direction heard that before
anyways this tracks with my earlier reporting that there may never be a quote eureka moment where
crypto and the banks reach full agreement and write off into the sunset instead it looks like
language is being drafted around the minimum both sides can tolerate with the ultimate goal of
quickly getting something back to the banking committee to get the ball rolling again.
So from this it goes into what I was kind of saying about compromise you know it's the common
compromise meme is like if both negotiators you know both negotiators leave the table kind of
unhappy then it's probably a good compromise it seems like maybe that's where we are so I would say
that that is probably healthy we'll see what actually happens anyways finishing up this tweet per
digital chamber CEO Cody Carbone quote senator tillis has been very receptive to our discussions about
stablecoin yield I'm optimistic we will find a way to get to a quote yes vote on the bill and we
appreciate his work to try to advance market structure rules of the road to wrap this up she goes
even if no democrats vote yes on the clarity actor in the next banking committee markup it could
still pass along party lines but tell us his vote will be crucial if there's no democratic quote buy
in meanwhile other industry stakeholders focus on different parts of the bail Tommy the yield
issue has quote taken a lot of oxygen out of the room leaving others sticking points mostly around
defy out to pasture courses this whole conversation about ethics and morals and defy you know she says
here ethic concern would likely also remain top of mind for some of the dem members anyways to end
this she goes one crypto trade exec said they're now considering alternatives if a senate banking
markup slips further into the calendar year but remains cautiously optimistic that the next three
weeks will produce enough progress on yield slash rewards and other issues for the banking committee
to reschedule a markup in late March okay so like I said to start this the Senate the the cynical
fields the pessimistic fields view is dude nothing ever happens like I'm not really convinced this
is going to come out good and favorable for us but it does seem like they are on the end of
March timeline at least that's kind of holding up of course we covered it earlier in the week
Trump did pull put his hat in the ring and said hey the banks need to compromise they need to kind
of step back and let this clarity act passed because we are very serious about America becoming
the crypto capital of the world so maybe the pressure from Trump is kind of you know a little push
back on the banks and they're like okay shit like we have to we have to pass something again that's
the kind of concern we have to pass something doesn't necessarily mean it's going to be good but
they want to at least have the political win in my opinion of them passing something again midterm
to coming out a lot of votes came for the quote you know crypto lobby from the crypto enthusiast
of course that was one of Trump's kind of campaign promises so I think they want to get a political
win like a narrative political win here and get something passed again maybe nothing is better than
something but it seems like they do want to get something passed by the end of March now this is where
the timeline does get interesting okay which is if they don't get something passed by March
again they're going to do this markup bill apparently they're going to reschedule at some point
towards the end of March but if they don't get this passed by March it does feel like they're
just going to continue to kick the can down the road and if you know anything about politics
basically after June like this year session is all but over like you know and June the politicians
basically take a break and then they come back for a very short period I believe it's about three
weeks towards the end of the year add on top of that it is going to be the midterms so probably
nothing's going to happen from a federal level perspective so the timeline is getting tight here
what it's March we got April, May, June maybe three months here
maybe two months if this doesn't pass into March and we know how slow the machine moves
so that the timeline is getting tight guys if this doesn't pass within the next
stream like we don't have till the end of 2026 to get this passed we you know once the midterms
start to happen as we've kind of been covering it doesn't seem like the Democrats are that favorable
towards anything Bitcoin at this point yes it's not a monolithic you know entity there's there's
some pro Bitcoin Democrats but from the rate that things are going for the Trump administration
it does seem like Trump is most likely going to lose the house or rather the Republicans are
probably not going to maintain the you know majority in the house and if the Democrats get in I
doubt anything's going to happen from 2026 onwards until 2028 so there's about three months to get
this passed we'll see if anything if there's a significant breakthrough in the next couple of weeks
before the end of March but again if this doesn't pass or doesn't the market bill doesn't even
get approved by end of March I don't see this passing after June so that's the timeline here
guys if nothing happens by June I think you know another Opti vindicated award here I don't think
anything's going to happen so again maybe pessimistic maybe cynical it is what it is all right I do
want to I do want to bring up one one little thing here before I give you guys some hope you
am at the end of the show but TFTC posted this and I had to search for the actual website the website
is aron-cost-ticker.com and it is the cost for the aron war since you what Saturday so we're on
day six of the war and it's cost the US about $6.6 billion so far so it seems like they're
burning through about a billion dollars per day now why is this important we oh what's the
implications here rather is actually let's see let me let me go and so they're spending 11.5
thousand dollars per second 41.6 million 41.66 million per hour and about a billion dollars per day
so a billion dollars per day for operation epic fury which is not a war it's just an operation
because legally they can't call it a war because there's some hot water around the fact that Congress
in the approval war and now they're doing like they're trying to limit Trump's power over there but
legally it's an operation it's not a war though it is starting to look like it's going to be a
prolonged war it seems like I have friends you know one of my buddies he's Iranian and he's like
trust me it's not going to be a forever war and I you know I really want to believe him I
I liked his perspective um but when you listen to what the Trump oh oh sorry I didn't pull it up
guys um when you listen to what the Trump administration has been saying since the start of this
operation um it really feels like they have no no epping plan here it feels you know I think
they initially thought this was going to be a Venezuela scenario where they would get in you know
Friday night it would be done by Monday before the markets closed and then Monday rolled around
and they're like oh this might be four or five days and we're like okay you know whatever
then it went to like two to four weeks and everyone's like oh okay two weeks to stop the spread
I think I've heard this before and then they went to four or five months and then the latest thing
we've heard is it's going to be a hundred-day war and probably at minimum going to last
until September so if they continue to spend a billion dollars a day and this last till September
a hundred-day war then I guess it's pretty safe to say that at minimum they will spend about
a hundred billion dollars for this operation in the middle middle east now what is
a low if you think that I think they have a plan bro I just don't think it's going
as they planned it is what I'm saying based on their rhetoric it seems like every other day
they're changing what is happening and it you know it's almost like they're trying to
get a narrative that sticks it's all I'm kind of saying obviously I think they had a plan
but anyways I digress so again if we take the latest numbers that were given to us yesterday
about or maybe oh sorry it might have been two days ago no it was yesterday I think it was yesterday
about what probably going to be in Iran for a hundred-day war so they're probably going to spend
about a hundred billion dollars on this operation minimum or so it seems and then I don't
know if you guys saw this morning but Trump did just tweet this morning that they have no plans
of pulling out and the only thing they are looking for is like here actually let me let me pull
it up so I can I can I won't butcher it you guys know I suck at quoting things I butcher things
all the time but on true social this morning Trump did tweet about the war latest update you know
hot off the press let me see I got I think should have it right here oh I guess I don't have it
right here let me let me pull it up real quick bear with me guys bear with me let's go here so here
we are I'm on truth social and here is the latest update which happened this morning
did true social kind of ass right sorry I thought that said Michelle weekly
all right sorry don't blame me this is this is true social just being asked
to eat so much where where was it where was it did I scroll past it no I think it's right here
sorry guys I should have had this up but I didn't think I was going to cover it honestly I thought
I'd remember it better here we go five hours ago latest update Donald Trump says there will be no
deal with Iran except unconditional surrender after that and the selection of a great and
acceptable leader we and many of our wonderful and very brave allies and partners will work
tirelessly to bring Iran back from the brink of destruction making it economically bigger better
and stronger than ever before Iran will have a great future make Iran great again mega yo
correct that hey yo chill bro hey yo chill um okay anyways so what why why am I bringing this up really
obviously you know the meme you know fiat is the money of war they gotta where do they get the money
you know wars cost money where do they get the money they get print the money out of thin air
that's where the money comes from it's not like we have a war chest that you know we that runs
out when we run out of money and the war is over you know what what do you say again unconditional
surrender sorry and so anyway so reason I'm bringing this up today is because I think the implications
here in regards to Bitcoin are very interesting again if you read between the lines a lot of things
are pointing to the money printer is going to turn on not only are we going to go into the midterms
and there is this idea circulating that they're going to basically buy off the voters because
Trump has the lowest you know polling right now than ever before so people are not that happy with
what he's doing though the polls for from the Republican side of you know going to war is very
very favorably I think it's up to like 80% so most Republicans are okay with going to war
uh Trump's overall ratings the lowest he's ever been anyways I think it's pretty safe to say
that the money printers turning on in a in a big big way and I don't want to be like the normy
you know normy political pundit here and be like oh you know a ran war is just a rack war 2.0
that's not what I'm saying here but historically when the government gets into trouble
they usually find an excuse to go to war so that they can turn on the money printer and they'll blame
the war if this is a prolonged operation 100 days plus the money printer is going to turn on okay
you want to protect yourself you need to save in something that they cannot to base obviously
we are Bitcoin advocates here this is a Bitcoin show I think you need to buy Bitcoin it looks like the
liquidity is going to expand it looks like they're going to print a lot of money whether that's for
this war or whether that's to buy off votes for the midterm the money printer is all but secured it
is turning on remember we are no longer in QT we are in not QE QE so it's it's building it's
going to happen they haven't turned it on yet but it's definitely warming up you know it's like
it's like my old truck you know you got to turn it on let it warm up for a little bit so you don't
mess up the car anymore I think that's where we are right now okay that's that's my political
that's my simply politics for you guys today and it goes back to the same thing they're going to
turn on the money printer the money printer is coming back on now you guys could you know
call me a boomer whatever you want you call me an army but again we talk about topics cultural
political usually economically usually with a Bitcoin bet and that's what I'm seeing when I
rating this stuff when you see the Iran cost tracker when you see only unconditional surrender the
war seems to be spreading out the timeline seems to be extending just knowing a little bit of
history when we go into war you print money usually you know you could argue what the reasons are
for the war but a lot of times when the economy is not doing so hot you start a war so that you can
you know inject a lot of money print a lot of money and get the GDP up anyways I look I don't
see the money yet either I think it's just warming up bro I think it's fiat never runs out
exactly exactly all right guys I will wrap up today's show with a little bit of hope you guys know
I've become a wake off maxi I barely know what that means but hey I like a little hope
him and I did cover it on the show before and I thought my models or my I guess it's TA I know
I said to you I it doesn't work but I'm gonna make the case that maybe the wake off accumulation is
still in play oh wait actually before I go I do I do have to give a huge shout out to our boys
over at Bitcoin mags and shouts out to Nick can't mind I know he doesn't own the company but that's
my boy we will be at Bitcoin 2026 in Las Vegas April 27th through the 29th at the Venetian
in Las Vegas taking over Las Vegas again I believe if I remember correctly
this might be the last year in Vegas they might it might be one more year but I'm almost positive
that this is going to be the last year in Vegas so if you want to see big corners take over
Las Vegas make sure you get your tickets today if you use the promo code simply you will get 10% off
of course get your tickets now before you start following at the last minute and tickets are more
expensive take it now and you never know maybe you could get some more stats for later
all right guys I'll be right back I want to give a shout out to our partner
hive digital technologies fueled by clean energy hive has quadrupled its global Bitcoin mining
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all righty then guys so before you yell at me because yesterday I did you know play that
sand drunken miller video of him saying t.a.'s ass and it doesn't work anymore wait I forgot
this is a family friendly show uh that t.a. is astrology for mend and your lines your magic
lines on the chart don't mean anything uh I know I said that yesterday okay I know I know I'm
I'm acknowledging the fact that I said that yesterday okay and this is Friday but
let's see I I triggered some people over the iron war stuff my bad deep stink let me see hold on a
view dude you know I'm left side of the bell care bro come on your dude water is wet come on okay
anyway I'm fighting in the chat I'm fighting the chat okay this tweet um so I actually found this
tweet after I was looking at the actually here let's start with the chart no no we'll start here
I don't know this guy is some shit corner I'm guessing he's a t.a. he's a t.a. guru let's go wow I'm
cooking myself anyways you know making the case here because the wickoff died in 1934
but his map is drawn on this chart right now you know he's saying every green box every red
box the same pattern repeating for five years across every cycle bitcoins it's ever had you know
whatever you can make the case that he's wrong I know some bitcoins that I like and respect that uh
we're making oh no what's that um what's the wave one Elliott wait okay no sorry they were Elliott
faxies if you know you know I did anyways you guys this is not this is not a coincidence um it's
happening right now remember I did bring this up a couple of times the last couple of weeks I'm
like maybe it's happening like you know you guys want some hope here I'm here this wickoff
accumulation seems to maybe be playing out that's why I'm like I'm a wickoff accumulation maxi
right now because I need the hope him right I really I just don't want he gonna be right and it
goes into the 40k's I want to I want to be like see hey look you were right 126 at the top but you
were wrong so I could be like you were wrong about it going to 40k I told you it's gonna go up it's
gonna go sideways it's gonna go up again okay so this is really for me I I'm holding myself accountable
here but really I'm trying to hold Nico accountable and really I just I just want him to be wrong okay
I just want him to be so effing wrong so you tick that smug look off his face anyways uh here's
the real question now the question every trader or all of us need to ask ourselves is are we seeing
an accumulation phase and then we'll see a next leg up or are we seeing a redistribution phase
and we're gonna see another leg down or this a dead cat bounce and I think that's that's the
that's kind of debate actually I do want to bring this meme up I finally found the meme that I was
that I was telling you guys about and this is literally Nico and I on the show constantly
let me do it I know I knew I should have saved this bro I am all over the place today my bad guys
but there's this meme it's a perception is everything and it is of a guy watching a line
documentary and a guy what wow dude is this this better not be up these these Twitter searches are
yo these Twitter searches are crazy uh okay I can't find it I'm glad to wait let me do yeah okay I'm
glad this is not on the screen yo this is great all right anyways you're just you're just gonna have to
take uh here's my meme review for the day okay there's this meme and it is a picture of a line
attacking an antelope on the left it says line documentary and it's a guy like yeah when the
lion is you know attacking the antelope and then on the flip side is the same exact picture but on
the top it says antelope documentary and the guys like oh no and I think that's why I wanted to
bring this up today because this is what you're seeing on the show I'm kind of on the view of like
it looks like we might be doing you know an accumulation phase and we're gonna go higher and
he goes like it looks like we're probably gonna go lower we're doing a redistribution phase
therefore going lower and then he goes you know whatever whatever um the pattern is always the same
because human behavior is always the same from 1934 to 2026 fear and greed do not change that's
I think the bigger idea here is I don't really think our lines on the chart mean anything like T.A.
I think is kind of asked you can say that this is T.A. but that idea like human psychology hasn't
changed and say what you know whatever whatever your uh your human history book that you believe
in tells you whether we've been around for hundreds of thousands of years or whether it's six thousand
humans haven't changed like yes our bodies might become a little more advanced but our brains
pretty much haven't changed anyways why am I saying all this this is where the opium comes in
all right I'm gonna I'm gonna flip back and forth on a few things here so this is what you're seeing
here actually let me go back so you know it's saying this chart is saying it's redistribution
but this re-accumulation phase thing or rather maybe this one here after kind of a blowoff top
accumulation big money loads up quietly uh this is kind of the pattern you know that you'll see
on the chart but this is like the official view of it from a Wicoff accumulation perspective
you know it'll hit a point bounce up again it'll drop down it'll go a little higher but not
as high it'll come back down but not as low and then it goes back up to where it started and then
it comes back down a little lower and then it decides ways of spring a test yada yada yada
why am I bringing this up because guys I don't know man I don't know it's looking here let me take
these off it's looking like we might we might be seeing exactly that happen so here's my
hope in for the day I'll put these charts so you can I guess see the law these these lines here
these boxes that there's has nothing to do with the Wicoff accumulation um you know pattern
but it gives you a better little better framework here so uh you know again it's it's reality
so it's not as perfect as the you know the form of a Wicoff accumulation but comes down
to a deep level again here we go it comes down and then it pops back up a little bit come back up
you know pops back up a little bit notice notice it's height and then you know it does a little
squiggly and then it shoots back up again you know it comes up little squiggly shoots back up
again and then it comes back down this is this is TA this is this is what you get this is what you
pay for in my paid uh TA group here uh it comes out it comes back now anyways and then there's a
spring which we didn't really see a spring but we did see it kind of go lower you know it didn't go
this low but it's lower than all these other ones anyways the reason I'm starting to be even more
of a Wicoff believer is because the implications it's implications it's this SOS line where we
finally get a breakout and I'm you know I don't know we might be going lower this could be a suckers
rally could be the breakout this part is looking at least to me again TA is looking at the same chart
with a different perspective honestly it feels like maybe this is where we are so breakout above
this initial kind of point and then it corrects so if we see here let me let me do this dang oh here
we go if we see something like whoa it's going on here colors this dude I'm so blind okay if we
wait wait wait let me let me do let me do that again okay okay okay so if we see something like
boom damn boom boom up I don't know if it'd be that high but you you dude my lines are so good okay
that's that's so ugly that's crazy all right let me do what we're done this is fun
I'm having fun I don't care if you guys are I'm having fun right here okay all right so if we
see something like you know pop up damn boom up here to there kind of yeah whatever that one looks a
little better I don't know man am I smoking the hopeium or are we smoking the hopeium together
you literally not making any sense I thought I made some sense there
Trader Tards true all right well can you draw the Opti Wack Off Live a twight
whatever dude as you can tell I'm not a dude I'm so colorblind guys all right whatever whatever
dude whatever it's Friday the TLDR is we might be seeing a little bit of volatility up in this
wet range in the it's about 74 to 68 range so if we kind of do a little you know a little wait
I mean how do I do it backwards wait now the other way a little boom come back up something like
that so for the next few days basically the short of it is we might be seeing a little volatility
in the next few days but I think probably by this time next week we might we might like all I'm
saying all I'm saying guys is we might we might be out of the woods it's what I'm hoping it's not
just what I'm saying it's what I'm hoping so we are in this together we are drinking the orange
cool head we are it's smoking the pure hydro opium it's a valesia it's a valesia all right what
catalyst do you foresee the what catalyst do you forecast for us getting to your progression
projections just you know buying it's it's really it's really all the institutional
buying that we're seeing you guys stacking I think the general uncertainty of what's going on in
the geopolitical macro markets I think watching what is happening in the in the broader market
not just Bitcoin is I know you guys don't like to do that but it's something we should be doing
like if you're looking if you're watching stocks and gold and silver right now
you are at least all of this week you're starting to see that potentially they are pricing in
what a quote-unquote forever war might mean and again if you're looking at S&P 500 QQQ Dow
they're looking pretty topi they've been crashing I think they are finally pricing in
what the you know a prolonged war in the Middle East actually means not looking too good
hence they might be looking for a you know an escape to safety Bitcoin neutral scarce money
which we're seeing the Iranians do or rather sorry my friend told me they like they're they're
called Persians what we're seeing the Persians do currently by buying a lot of Bitcoin in Iran and
taking it off the exchanges it could you know actually I think I brought this up on the show
and this is where I'll end it I'm I'm filibustering I'm not I'm rambling me and Sophie were kind of
trolling on Monday when we saw Bitcoin kind of pump instead of dump on that Monday market open we
were like wait is World War III actually good for Bitcoin like whoa okay that kind of flips all
of our narratives on its head you'd expect Bitcoin being the most liquid 24-7 thing to trade that it
would trade very badly when there's bad news but for the first time when we've had bad news Bitcoin
is actually reacted pretty good and then when you look at since Saturday morning of last week
Bitcoin's been performing better than gold and the S&P 500 just kind of the general metrics
of where people are putting their money I don't know it does seem like Bitcoin is acting very strong
very very resilient when you'd kind of expect it to dump which really goes into more of like
the trolling of it where it's the idea like we've already dumped so hard who's dumping Bitcoin
right now we're like we're stacking bro we are stacking okay anyways let's see let's see gold down
by percent of the week price Bitcoin let's go that's signal that is the signal by 2020 after
we'll be straight strike okay all right guys anyways anyways you guys are tuning out so I've
rambled enough for you guys today I will be back on Monday of course roughly around 1240 pm I know
I posted a show at 1216 you know come come at give me give me like a five minutes come
come at 1235 just so I see so I see that there's people here so I don't have to panic about dang
I didn't get people to want to watch the show I feel bad about myself
so I know dude that's that's that is blasphemous that is I do not condone that I do not can do that
anyway all right guys I love you have a good weekend eat some good food get a get your 10k
steps in if you can if it's not freezing where you are right now if it's nice to get a walk in
eat some good food stack some sats call your loved ones all that good stuff I'll see you on
Monday guys I love you I appreciate you have a good weekend we'll be back at it next week
peace out today's episode was brought to you by bitcoinwell.com a bitcoin only platform on a
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