Strategy is FORCING ALL The Bitcoin Out Of Circulation FOREVER! | EP 1476

Bitcoin pop back above 70 K this morning, only hours after Michael sailor took to Twitter

and declared that we might have just seen the last Bitcoin crash ever.

And that something fundamentally different is now driving Bitcoin's price.

I think he's just talking about himself, though, because he has bought over 45,000 Bitcoin

in the past month at today's price of 70 K.

That's about 1500 Bitcoin a day every day gone forever or around a hundred million dollars.

I don't think we understand what an unlimited bid means for Bitcoin.

And it seems like sailor himself has engineered this unlimited bid.

And that's just one person, not even accounting for everyone else.

And we got to remember the amount of newly mined Bitcoin is around 415 Bitcoin a day.

For the real question, I've been saying this the last couple of weeks with this launch

of stretch, STRC from strategy has Michael sailor fundamentally changed Bitcoin forever.

It's truly, truly, I think I'm president to what we're seeing.

And I know we've been talking about this the last couple of weeks and we're trying to

wrap our head around exactly what this means for Bitcoin.

But if this demand stays or even increases.

I don't think we can fully understand what this means just from one company and one man

alone.

It's truly incredible what we're seeing right now.

But anyways, let me get into the story where I think it starts and here's sailor.

He tweeted this, which he did get a little bit of flak on this.

And I may not necessarily agree with the first sentence per say, I think Bitcoin is winning

and it will win.

But to declare it has one, I think is is a big stretch, even for sailor, but anyways,

here's a tweet.

He goes, quote, Bitcoin has one global consensus is that Bitcoin is digital capital.

The four year cycle is dead.

Price is now driven by capital flows.

Bank and digital credit will determine Bitcoin's growth trajectory.

The biggest risk is bad ideas driving I'll trade genic protocol changes.

I don't even know what that word means.

But apparently it's like harmful changes to the Bitcoin protocol.

So I had to learn a new word, I would new word.

I had to, you know, get the source out and find out what I would trade genic even

means.

But anyways, let's unpack this tweet a little bit again.

As I said, I don't know if I would go that far out in a limb and say Bitcoin has already

one.

I think it will win.

I think saying it has already won it kind of, at least in my opinion, it makes us a little

complacent.

I think there's still a lot of work to go.

So that's probably just my, my pushback.

And on, on that first part, now I think sailor, obviously having a little more insight

than me being just a YouTuber, just an average person watching the news, just like you.

It is interesting hearing it coming from Michael sailor.

Now I know a lot of people aren't at the biggest fans of Michael sailor, but I think he's fundamentally

changed the game with stretch and I can't, I haven't even fully been able to wrap my head

around what stretch actually means, but I'm going to give you guys all the numbers.

The next part is, you know, global consensus, I'll Bitcoin as digital capital.

I think that one's pretty, you know, pretty self-serving.

I think that one is pretty easy.

I think everyone is starting to wrap their head around the idea that the world is going

digital.

Now I would probably go further and just say it's the perfect money, digital money for

the digital world, but digital capital.

I think this is one of those framings, one of those rhetorical tools to, it's almost

like the digital gold meme.

Remember, we used to say digital gold for a long time and then it didn't really hold

up so well throughout the years.

It's still an idea, it's still kind of a meme, so people can understand what Bitcoin

is.

I think he's using the same thing with digital capital.

So that the institutions, the institutional investor, they start to understand what Bitcoin

is in a different context.

Now, I think the big maybe splash here is him saying that the four-year cycle is dead.

If Nico was on the show today, he would be like, he would, he would have already cut

me off and be like, dude, the four-year cycle is intact.

What's he always say?

The four-year cycle is intact until it is it?

Mike Brown, that doesn't even make sense.

Whatever.

I think him saying that the four-year cycle is dead is pretty big.

I think as of now, I think it's very clear.

You guys have seen me on the show.

I was in denial about the four-year cycle.

We've played out a four-year cycle so far.

But I think in the context of where we are, it is extremely interesting to have him say

the four-year cycle is dead because, look, is this the last four-year cycle?

What did we, are we starting to see the very end of the four-year cycle, especially with

what's going on with the Bitcoin price this morning?

I don't know if you guys caught what Trump is tweeting and I don't mean to go into a

tangent here, but I think it's a good, a good kind of moment to really dive into the macro

context right now.

Again, it was a holiday weekend and Trump keeps pushing back this deadline on Iran, basically.

I don't know if you saw the tweet, but he said something on the lines of, he even was

cussing on true social.

You know, open the f-ing straight-up horror moves or else we're going to bomb you into

the Stone Age.

He literally said, bomb you back to hell.

And then he said, like, praise all law at the end.

And that was at the absolute bottom of the Bitcoin price this weekend.

And then we pumped a 70K.

Now the only reason I'm bringing this up is because we've been talking about Bitcoin in

the context for a lot of many years now that when we finally see a decoupling moment where

everything is crashing and Bitcoin pumps, that's when you start to take notice.

Now when the market's open or, you know, they're not, I think they're not fully open until

tomorrow, if I'm correct, let me double check that for you guys.

No, sorry, I'm thinking of the Trump threat on Iran that's ending tonight.

You're seeing that Bitcoin is acting very strange right now and I was actually having

this conversation with a friend who's kind of in Bitcoin.

He started, he's kind of new and I was kind of explaining to him.

It's like, look, we don't know what's going on in the global macro economy right now.

We wake up, we see a Trump true social post and there's a ceasefire.

And then later on in the day, once the market's closed, it's like we're going super hard

on you.

We saw something similar happen this morning.

They're saying, at least the official Trump administration is saying that there's a ceasefire

on the horizon, Iran responded like there's no ceasefire.

And so you're seeing this carrot and stick event going on where Trump says, hey, we're

going to have a ceasefire.

But then he's also saying that like at 8 p.m. tonight, if there is no potential breakthrough,

then we're going to go in and bomb them very heavy.

So you're seeing this dichotomy of like, hey, you know, take a deal.

Or we're bombing you.

So tonight's going to be very interesting to see what actually happens.

I know a lot of people really like the taco meme, you know, Trump always chickens out.

So we might get an extension on this ceasefire, this attack.

Or we might see tonight that we start bombing them.

And that is where everyone is really sitting on their hands right now because we don't

really know what's going on.

There has been a general trend right now that if this war continues, and I'm not going

to say forever war here, but if it just continues for another two, three months, the potential

effects that we're going to see in energy and oil prices are going to be catastrophic.

I saw Jamie Diamond this weekend basically say, hey, if this continues to go on, we might

be in a global recession soon.

So everyone's sitting on the sidelines right now, wondering what to do with their capital.

It's like, are we going to enter a global recession if this war continues or is it over?

No one really knows.

But what we do know is that in the face of all this macro uncertainty, Bitcoin is inch

and up towards 70 K hit 70 K this morning.

I think it was roughly around 69 eight or 69 nine right before I started the show.

So it's just where everyone's just watching what's going on.

But I think if you're watching the Bitcoin price right now, and I know a lot of you say,

hey, the Bitcoin price, like you guys always talk about the price, it's the most boring

aspect of Bitcoin.

I think in a, you know, in the market that we're in in a totally free market, price is

signal.

And what we're seeing in Bitcoin right now, I think it's very interesting.

So yeah, there are other interesting factors around Bitcoin, but I think the fact that

Bitcoin has been this resilient in the face of general macro uncertainty and war, I think

that is a lot of signal.

Now I know a lot of people like to fight me on that, but I'm going to, oh, wow, look,

my hair is crazy.

I'm going to hold to that.

I think what we're seeing right now is super interesting.

The Bitcoin starts ripping right now and we have general chaos in the world, geopolitical

tensions, macro economic uncertainty, and Bitcoin starts ripping.

I think that's all the signal we really need, obviously.

Now, going further, this is interesting.

Price is now driven by capital flows.

Bank and digital credit will determine Bitcoin's growth trajectory.

And I think this is where sailor is almost padding himself on the back here with stretch.

What we're seeing with stretch is truly a game changer, I believe, the amount of capital

it's attracting.

And I've been, I've been covering this for the last two weeks.

As we started to see how much capital is going into stretch or rather, how much capital

is interested in this stretch product, again, the 11.5% return, it's unheard of.

And it seems like we're at the beginning of it really catching on.

And I think with the amount of capital we've seen so far, if you multiply that, if there's,

you know, more capital that gets attracted to this, if more investors start to understand

what stretch is, this could really blow things wide open.

I've been saying it and I know I'm maybe a broken record right now, but it really does

feel like Michael sailor, again, love him or hate him.

It really does feel like he is single handedly ending this bear market by himself.

Like he is putting the entire team on his back right now.

And it might have fundamentally shifted what we expect in a bear market.

How long we should be in a bear market?

Again, the general consensus is we'll probably be in a bear market for another six months

towards the end of the years when we'll start to see the either a complete bottom, a

capitulation of it.

And then the price kind of returning back up towards 100K.

But again, and I don't want to do this because I've done it so many times in the last

year and I've been wrong, but it really does feel like this time is a little different

now with with this strategy stretch product.

So and then the last part is I think finally, sailor putting his hat in the ring with

all of the consensus arguments, whether it's not for score, whether it's quantum.

I think he's very clearly saying what a lot of Bitcoin developers are saying.

It's like, yeah, there are threats on the horizon, but we don't want to rush anything

here.

So a pretty strong tweet just in and of itself from sailor this weekend.

I don't think we've seen him do a tweet like this probably ever.

Now you guys may fact check me, he's he's done very strong opinion tweets in the past,

but I think this one is a big one.

And I think he's starting to see what stretch is doing.

And it's again, the only way I can say it is like it really does feel like he's fundamentally

changed the game.

Now updating that we're not just going to be talking about a sailor tweet here.

He actually did buy more Bitcoin.

There is him announcing it this morning, strategy acquired 4,871 Bitcoin for roughly 329

million dollars at a 67.7 thousand dollars per Bitcoin as a four five as of yesterday.

Strategy now holds 766,970 Bitcoin acquired for roughly 58 billion dollars at 75.6 K per

Bitcoin.

He's inching up towards that million that million coin and buy just by himself.

Now this is another interesting little angle here.

Sailor only needs 15,000 or 15.5 thousand more Bitcoin to surpass I bit.

That's not that much depending on what we see with the ETF.

There has been some outflows with the ETF, which was kind of a, I would say maybe a concern

because the institutions getting a little scared they're selling.

But we did see that this week or at least, you know, as of this morning, the ETFs have

stopped selling Bitcoin.

So ETF outflows slowed to a halt last week.

And you know, they're going is Kathy would ETF about the save the market because arc is

buying a lot of the Bitcoin ETF in one week.

But I really want to go back to sailors by here.

That's just the general kind of institutional trends that we're seeing right now is that

strategy, whether it's MSTR as you guys are telling me on the show last week, the common

stock or stretch because when you look at these numbers from what I saw, about 70% of

this 4,871 Bitcoin was just via the stretch product.

That's why it's getting very interesting.

It's like the amount of interest going to this stretch product, this fixed income product,

11.5% returns.

It's unprecedented.

We've never seen anything like this before.

Now here is zinc.

I really like his account.

He's been doing very good work on Twitter, shout out the zinc BTC.

And he goes very significant this one in the two week period strategy raised 329.

9 million from stretch with funded the 4,871 Bitcoin purchase.

Another 144 million was raised from the common stock, which was used for dividends and

other costs.

Yeah, sailors sending Bitcoin to a million dollars again.

That might be a stretch right now because a million everyone, I know all of us were just

like, can we just get back to 150K, you know, when 150K, can we get back to 100 K, sorry,

we haven't even got to 150K.

Can we get back to 100 at this point, like how much longer are we going to have to go sideways

in this bear market?

I know right now the sentiment isn't frothy.

It's not that fun or maybe it's a it's a faux pas to start talking about Bitcoin going

to a million dollars, which is why I don't say currently that sailor himself is going

to send us to a million dollars.

That's why I keep saying it seems like sailor might single handedly and the bear market

before we all expect it.

And I think that's a safer bet here.

But of course, we all know the general idea in Bitcoin is, you know, there's no single

person that really affects Bitcoin in the grand scheme of things.

I don't think we understand what a hundred million plus an infinite bid on Bitcoin really

means.

We've been talking about this idea of a silent infinite bid for over a year now, actually

maybe over two years now ever since El Salvador, the first nation state to go all in on Bitcoin,

we've been kind of hinting at the as this idea or rather, maybe it's more we've all been

speculating.

We've all been hearing rumors that there are sovereign nation states, infinite bid going

on.

And we haven't really been able to pinpoint it.

We have been able to pinpoint that there is, I wouldn't say it's an infinite bid coming

from the ETFs, but there has been a constant by pressure coming from the ETFs.

Now you could argue that maybe the ETFs aren't actually buying the Bitcoin that that's been

a popular idea.

I think at this point, we have figured out at least depending if you fully trust on chain

metrics at the ETFs are actually acquiring all that Bitcoin.

Now there is the other idea that was exposed last week that most of them are being held

on Coinbase.

And from what we heard with GameStop in Coinbase, they are allowing Coinbase to re-hypothicate

their Bitcoin.

So we don't know if that is the general trend for everyone custodying their Bitcoin with

Coinbase, but I'm pretty sure we can speculate that at least some of them are being re-hypothicated.

And I remember, I brought this up last week.

I remember who it was that said it was on April Fool's Day, it was on April 1st.

So I wasn't really sure if this was an April 1st joke, you know, April Fool's Day joke,

but it was Eric Weiss, Michael Saylor's best friend, literally the guy that orange-pilled

Michael Saylor, he tweeted, it didn't seem like an April Fool's joke, he literally

tweeted, if it wasn't for all the re-hypothication in the system, currently we'd be at 250K.

And the only indicator that I have that he wasn't just doing an April Fool's joke is people

were commenting on it and he was responding in full seriousness.

Like, yeah, there's a lot of re-hypothication going on.

So I don't know what he knows.

I don't know what, you know, back room conversations he's having to fully 100% with 100%

confident, confident say there is re-hypothication happening, but what we do know is that Saylor

has said in the past that exchanges and banks have come to him and talked to him about,

hey, let's use your Bitcoin to re-hypothicate it.

And he's like, no, he basically said, look, I've been getting offered deals to get insane

returns, but the the hinging property of that is they're going to re-hypothicate my Bitcoin.

So these are two data points.

Yes, they're, you know, friends are similar, but I think since they move in a different

Bitcoin circle than I do, I think they're probably actually having these conversations.

I think it's very safe to say there is re-hypothication happening in the system.

There is re-hypothication.

Well, obviously in the system and the grand system and the traffic system, we know this

is for a fact.

But I think we can all admit maybe begrudgingly that there is re-hypothication happening

with Bitcoin and they're not the only person.

If I remember correctly, I think Caitlin Long said it and maybe even Kathy Wood said it,

but it's all a blur at this point.

So we don't know necessarily what's going on with all the Bitcoin held in Coinbase.

But what we do know is that on chain metrics are saying that the ETFs are actually buying

Bitcoin.

This is definitely a, you know, trust but verify moment.

So from all we can tell is they are acquiring that million plus Bitcoin into the ETFs.

There is an actual interest from institutional investors to acquire the Bitcoin ETF.

But on top of that, what we're seeing from strategy, it really does seem like stretch

has found the perfect market fit.

If this continues every single day and goes even higher, what does a hundred million

dollar infinite bit of day mean?

What does a 1500 Bitcoin buy from one entity mean when we're starting to see that most

sellers are exhausted, we're not really seeing that much selling happen anymore.

Investor is instances of selling happening, especially coming from a lot of the Bitcoin

treasury companies.

So it is an interesting kind of dichotomy of what we're seeing right now that some of

the smaller Bitcoin treasury companies, a lot of the Bitcoin miners, the public Bitcoin

miners are selling a lot of Bitcoin.

And then we have strategy met a planet.

And we also saw this morning that strive, another Bitcoin treasury company, they just started

to buy Bitcoin again.

Now, obviously, it's not as big as Sailor, I think Sailor is attracting the most amount

of capital, but we did see a sort of significant buy come from strive.

And I think they will probably increase this.

So here's Matt Cole, again, this isn't, you know, 5,000 coins being bought up.

But that's why I think putting what Sailor is doing with MSTR, the common stock and stretch

in context of what's going on.

It's really, it's just incredible.

So here's strive, they acquired 113 Bitcoin for, you know, a measly $7.7 million, obviously,

for any one of us as individuals, that's a significant buy.

Like, yeah, in the context, comparing what strive just did with what strategy is doing,

it seems small, it's, you know, it pales, is it pales in comparison?

I don't know, you guys know, I can't do, I don't even know, I can't even think of

the word right now.

I didn't get much sleep last night, I, dude, I couldn't sleep last night for some reason.

So my brain's hardly working, but again, last week, what did we see?

We saw Matt a planet do a big buy.

We're seeing strategy just buying thousands of Bitcoin a day.

He's literally bought 45,000 Bitcoin in the last month.

Now obviously that doesn't necessarily mean this is going to continue every month, but

the idea is if it does and it increases more, what does that mean for this bear market

that we're currently in?

I think now we can all agree that we are actually in a bear market.

I think we've all gotten to the point, yeah, we're in a bear market, okay?

Now the real question is how long is this bear market?

Now I've been proposing different theories here on the show.

We have the kind of the Nico traditional four-year cycle view that we got to survive for

the next six months, that Bitcoin will probably bottom some time before October.

And then the price will start to rebound after October, at least again, historically based

on a time constraint or a time context.

That's what a traditional four-year cycle will look like.

The other little wrinkle I put in is if you're pricing Bitcoin and gold, we've already

been in a bear market for a long time.

And usually Bitcoin priced in gold bear markets around 14 months, well, we're past that.

I was looking at the Bitcoin gold chart this morning and we got a pretty strong rebound.

It almost, you know, I'm not going to say it, but it almost looks like a bottom has been

formed on the Bitcoin priced in gold chart.

Now if you look at the just Bitcoin and dollars chart, depending on what you're looking

at, you could argue that maybe the bear market is going to be more of a traditional bear market.

Maybe it's not going to be until October until it bottoms.

It could just be at three or four months bear market, like a more traditional macro assets

bear market usually is.

And the only thing that really gives you an idea or an inkling of that maybe being the

case is because of the institutional capital that is interested in Bitcoin.

I've been saying this.

I think we've all kind of acknowledged is actually someone in the chat I forget who it was

last week.

It was Thursday or Friday.

They were kind of trolling us.

They're like, dude, they're not even buying Bitcoin.

And I respond.

I'm like, I just don't think that any of our buys, whether it's me, whether it's a toll

simply Bitcoin crew, whether it's you guys that watch simply Bitcoin and hang out with

us in the chat or whether it's the Bitcoin plebs out there that just the hardcore Bitcoiners

that are DCAing, I don't think the amount of capital that we can collectively attribute

to buying Bitcoin has any effect on the price at all anymore.

And that's basically what sailor said in this tweet to refresh you.

He said prices now driven by capital flows.

That would be ETFs.

That would be MSTR common stock that would be stretch.

That could be some silent nation state acquiring Bitcoin that could be sovereign wealth fund.

Again, when you think of the context of how big those capital markets are, how big those

investors are, how big these institutions are, our DCAs mean nothing where, you know,

where pimples on the butt of this rhinosus, I can't even say it rhinoceros, there's

rhino.

What we put into Bitcoin right now, I don't think has any effect on where the price is

going.

That's why I think what sailor has done is doing with the stretch product.

This 1500 Bitcoin buys a day, at least at 70 K, you know, I'm just rounding up here

or 100 million dollars a day.

And if that increases, if it literally gets to a billion dollars a day of capital being

attracted to stretch, what does that mean?

I think it's like very simply, this is not this is not the same bear markets that we've

seen in the past.

Now obviously 2020, you know, hindsight and all that good stuff.

We won't know until we are looking back in in in time and being like, oh, yeah, this

was the fundamental moment that changed everything or at least changed what we know

a four year cycle to be what we know the Bitcoin price movements to move like.

But it does seem like one, there's not that many Bitcoiners here in the sense of the only

Bitcoiners that are here currently are people that have been in Bitcoin.

We don't, we haven't seen retail foam.

I think retail is completely cooked.

I'm, I actually, I'm, I'm gonna, I'm going to, to jump off a little bit of what British

Hottle said on Twitter.

I wanted to cover it last week, but you know, things get kind of crazy.

And it really does seem like retail is done like retail no longer is going to have the

effect on the Bitcoin price as we've seen in the past.

And further, I'll make my cases to why I think retail is just completely zoned out.

They just completely don't care.

I'll do that later.

One thing's for sure with this new era, you know, we could say that maybe we're getting

out of the early adopters or the early adopting phase era is coming to an end and we're starting

to see the early majority phase.

What does that mean in the context of what we're seeing right now with the amount of capital

coming into Bitcoin?

So the early majority is going to be from these institutions, whether we love them or

hate them, whether you're against the big banks or you're against Wall Street, you're

against nation states buying Bitcoin, you're against holding a Bitcoin stock.

The capital that they are attracting is dwarfing what our measly spot Bitcoin buys combined

could ever do right now.

I don't think retail is moving, pushing Bitcoin's price, which as we've seen in the last

couple of months, there's been this big conversation, at least I've seen it in the chat where

it's like, look, you're seeing all of these buys.

Like how come the price isn't going up when sailors buying this much Bitcoin?

Well, once we saw the data, we find out there's been a lot of selling, whether it was last

year from OGs selling at 100K to liquidation events on Binance or glitches on Binance to

the amount of Bitcoin that is being sold from public Bitcoin treasuries, specifically from

the Bitcoin miners transitioning from a pure Bitcoin mining play to a more AI play.

Sailor, even though he's buying all of the Bitcoin, like literally by himself, if you're selling

Bitcoin, you're selling it to sailor at this point, basically.

He hasn't been able to alone buy more than all the Bitcoin that's been sold.

But what we're seeing right now, which is the most interesting aspect of this is it does

seem like the selling is getting to a point where it's starting to almost die down.

Like I think all the sellers that have wanted to sell have probably sold most, if not all

of their Bitcoin, especially when you put into context the idea that, remember the

suit corner meme.

We were all talking about this last year that we've all became suit corners.

You guys used to troll us, you know, that Opti and Nico need to wear suits on the show

where suit corners now.

The institutions are here.

We got to clean up our act.

We got to be more professional.

We got to wear suits now, bro.

Well, what happens when a quote suit corner buys Bitcoin?

They're more traditional.

They look at more of the macro factors.

And that's why I think there's been a very strong correlation with Bitcoin and macrogeopolitical

tensions is because the suit corners are here that much we know.

And the suit corners are totally listening to what Jerome Powell from the Fed is saying.

They're totally watching whether there's going to be rate cuts.

They're totally watching whether we're going to be in a prolonged war in the Middle East.

They're totally watching what's happening with oil prices.

That general uncertainty, that general fear and doubt of what is going on in the macro

landscape, the geopolitical landscape.

If they're holding Bitcoin, well, they probably view Bitcoin as a risk on asset.

Well, that's why they sell it when they see all this stuff that freaks them out.

Because currently, from all the data I'm seeing, most people are sitting in cash right

now because they just don't know where to deploy their capital, but at a certain point,

you will start seeing that people will have an increased appetite for risk on assets.

And even though I disagree with this idea that Bitcoin is a risk on asset, I fundamentally

view it as a risk off asset.

If it's not connected to the traditional financial system, to me, it's a parallel system.

That means it's a risk off.

It's yes, currently it does interact.

There is some correlation with macro signals and what Bitcoin is doing is because it's maturing.

It's tiny.

It's, I don't even know what the market cap is today.

It's like one, you know, maybe we're back to 1.4 trillion, it's literally nothing.

There's Wall Street institutions that hold, you know, 10 times more capital than Bitcoin's

entire market cap.

For my opinion, I think Bitcoin is bigger than any single entity on Wall Street and it's

still smaller in terms of market cap.

If what we're seeing from sailor and stretch, continue and not only continue like in a neutral

sense, but increase, I don't know what this really means for the bear market.

I don't know what it means for the price, but I can fundamentally tell you that it's

going to be a game changer.

I don't know.

I'll check your comments in the chat.

I just realized I've been ready for 35 minutes.

All right.

Wow.

That's crazy.

All right.

All right, guys.

So I'm going to keep it moving.

I saw an awesome clip from Lynn Alden on Peter McCormick's podcast.

It's a short clip.

It really made me think of the conversation that Nico and I have had on the show the last

couple of weeks.

You know, Nico says, like, finally, there's uncertainty in the system.

And so that's when I play this clip, that's the context I'm going to be talking about

it.

And then we have an update on the clarity act.

I know, guys, I'm just as tired about talking about the war in the Middle East and the

clarity act, but we do have a new update over the weekend, tentatively, maybe something

good soon.

We'll talk about that.

And then like I said, I saw an interesting British HODL tweet and I generally agree with

with the with the tweet.

So that's going to be today's show.

I'll be right back after first commercial break and I'll check in the chat and see what

you guys are saying.

Quick break.

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Wow, guys, I'm surprised you guys were agreeing with me a lot in the chat.

I'm sorry, sorry, my phone was blown up.

What a day.

It's a Monday.

It's a Monday and you guys aren't yelling at me.

It's a good Monday.

I'm feeling okay.

And also, guys, forgive me.

We need to figure out the AC in the studio.

I am dying in here.

It is unfathomably hot in here.

Anyways, the current Bitcoin price is $69,420.

Wow, $69,420, let's go.

All right, meme magic is real.

And the discount from all time high is 45% currently.

Okay, we're not at 1.4 trillion yet.

We're at 1.39, but close enough.

We're close enough.

The current block height is 943,939.

So as I was saying, I saw this clip, Mr. Monday, we're still on good beaver for real.

It's early.

Okay, I spoke to you soon.

Sorry, I was feeling myself.

I saw this clip from Lynn Alden on Peter McCormick.

The question is basically, can Bitcoin fix the system?

And I think from a hardcore Bitcoin, you know, Bitcoin only, Bitcoin and Maxi perspective,

I think we all are like, yeah, it's going to.

But one, I don't really think there's new people watching the show right now.

I think it's all us, Bitcoiners.

The people that have been hanging out with us, you guys are in the chat.

You guys know, it's the same people basically every single day.

And I think the only people watching Bitcoin content are the same people.

So I do want to talk about this a little bit with the hope that there might be new people

out there because I literally had this conversation yesterday with someone that is, I would say

relatively a new Bitcoiner who's asking me like, what's going on?

You know, what do I think is going to happen, et cetera, et cetera.

And usually the main question for most people is this idea of them not truly believing

in Bitcoin.

I think we all truly believe Bitcoin will fundamentally change the world, change the system.

It's just going to take time.

But Peter McCormick was asking Lynn Alden this question.

And it made me think of a conversation that Nico and I had on the show.

So let me play the clip and then I'll give you guys a context.

Current system is broken.

If the money is broken, could Bitcoin be a system that replaces it?

I think it has the properties where it could.

It would have to be much, much larger.

Then it is now and that would dampen the volatility.

But really, there's nothing that would prevent it from working other than people.

I mean, it's, if you look at, I mean, the way it scales, Bitcoin can do about as many

transactions per year as Fed wire.

So as the US centralized system, it does about as many transactions per year, ironically,

as Bitcoin.

And yet it settles, and it sounds like a fake number, but a quadrillion dollars a year

and settles on the Fed wire system.

And then of course, on top of that, you have all the bank system and things like that.

And so Bitcoin has the capability to scale through layers.

Those layers have already been developed.

There's always kind of more research being done.

But there is a layered stack that works.

I don't think people would turn to it until the existing systems fail, or at least like

an end mass.

I'm obviously early adopters do.

But yeah, it's a functional system that can work instead of a centralized ledger.

At least 17 years of history shows as this.

I think we need more time to prove it, but so far it's working.

I can agree more.

The only reason I played this clip because I'm sure for you guys, especially since it

really feels like I know every single person that's hanging out in the chat with us and

has been hanging out with us constantly.

And as I say all the time, truly appreciate every single one of you guys.

You guys are the real MVP's out there that hang out with me every day that told me that

you know, applaud, you know, that say nice things every once in a while.

So this might not be a new message.

You probably already heard this.

We all know when you come into Bitcoin, if you start to look into the technicals, you

hear the same thing.

It's like, oh, Bitcoin does what?

Three to seven transactions a minute or, you know, an hour, I forget what the meme is.

I'm so far down the rabbit hole at this point that I forget what they even say, because

I just ignore them really.

But when you compare Apple's apples, we're not talking about Bitcoin on chain transaction,

they're one transactions compared to visa master card transactions.

It's really final settlement, like Lynn Alden was explaining with FedWire.

Now, that's not the conversation I want to have it.

I think, I think we've all heard that before.

But while I was watching this clip, it reminded me of something that Nico said on the show.

And I know you guys have been giving Nico some shit recently, you know, I'm, I'm aware

and I, and I give him shit too, okay?

And then then he'll see the chat and he'll every once in a while be like, oh, everyone

doesn't hate me.

Okay.

But anyways, the other reason I'm bringing that up is because Nico said something.

He's actually said it a few times.

He said something on the lines of, you know, he's excited right now with where we currently

are in Bitcoin because the uncertainty is back.

And I usually let him go a little bit, you know, like you guys always joke.

And Nico needs a cut or opting needs to cut off Nico because Nico cuts off off the other

time.

But, you know, that's just not how I roll.

I let people say what they want to say.

And then eventually I'll probably circle back and we'll talk about that.

But anyways, the reason I saw that clip and it reminded me of what Nico said with why

he's so excited right now because there is so much uncertainty in the system right now.

It really made me think on this idea of like, I am personally not uncertain at all about

Bitcoin, the network, like I think Bitcoin is working.

It has been working.

It's been working as designed for the last 17 years.

Now I know there has been this whole idea of, you know, spam of Corvus knots of recently

in the last week.

They are recycling the quantum computing fud.

And so you're starting to see that there is this idea of planting uncertainty in your

head of way, maybe Bitcoin doesn't work how we thought it was.

But personally, I don't, I don't think that.

And I think for a lot of us in the chat that hang out, a lot of us Bitcoiners that have

been doing this for a long time, like we don't have an uncertainty about Bitcoin, the network,

working as designed.

I think when Nico says that, the idea is more of like, we, I think we might be more uncertain

than ever about where the price is going.

But a general uncertainty about Bitcoin, the network, I don't think that that's the case.

And I think Lyn Alden explained it very well, like the network's been working as designed

for 17 years.

Now the one thing that I guess could break Bitcoin is people.

And when I heard that, it's always this idea of like the only doubt I really have guys

in regards to Bitcoin is not the network itself.

It's about just maybe there's just a general uncaring for what Bitcoin is.

I've said this on the show, maybe I know personally, I overestimated how little the average

person cares about the things that we care about, about freedom, about sovereignty, about

our purchasing power, about not getting debased, about censorship, resistant transactions.

I think we all overestimated just how little the average person cares about that.

All they care about is convenience.

All they care about is like, you know, the shiny new thing, the current thing.

But I don't think that as a Bitcoin or once you understand it, you have a general uncertainty

about the network.

I do have that fear, that doubt that maybe people just won't care.

Maybe people just don't care.

It's not won't.

Maybe they just don't care.

And what would be the reason for them to care?

Lyn Alden says maybe we need to just see the system completely collapse.

Maybe in a more positive sign, you know, positive spin, maybe it's just the iPhone moment.

Maybe people just need to use Bitcoin in a way that they don't even know they're using

Bitcoin.

They just know it's benefiting their lives.

And I think I've been on this beat, this idea for years at this point, I'm like, look,

if we're honest, and if we are in this moment where we're going from the early adopters

into the early majority, well, maybe the Bitcoin narratives or the Bitcoin orange pill

that created you as a Bitcoin, it isn't going to work the same on other people.

And maybe part of this whole process now in the bear market.

And from here on into, I don't know, the next 10 years or so is us understanding that

maybe the thing that got us interested in Bitcoin isn't going to get the next million,

10 million, 100 million people into Bitcoin.

And I think that's all right.

I don't think that that necessarily means that Bitcoin loses all the things that we love.

I know there's been a general idea that Bitcoin is losing its cipher punk roots as it grows

up.

But I don't think that that's the case.

I don't think there's a fundamental uncertainty about the network at all.

I think we're more uncertain about where the price is going.

I mean, me and Nico are on the show every day and we're arguing whether four year cycles

intact, whether we're going to go down to 40k, whether we're going to go side with whether

sailors fundamentally changing the price of Bitcoin, fundamentally changing the how Bitcoin

moves, the growth trajectory.

And I think actually on another side now, and I touched people's care.

Yeah, that's true.

That is actually better true though, bro.

I don't know.

I mean, I agree with you though, a total of different tangent.

You guys know our friend Luke Mickage, YouTuber, stupidly bullish, has a funny accent, has

funny hair, super good guy.

If you guys watch him on Twitter, he's got like this very huge disdain for the power law.

And the general idea is that Bitcoin growth, its trajectory, its price movements are going

to move in this systemic growth rate that, oh, in 2030, you know, only 5% more people

are going to adopt Bitcoin and I, this is the only, like, I'd like the power law sort

of.

I'm not the biggest power law guy, but kind of like it, you know, the only thing I troll

is just how big the range is, it's like, well, you know, if Bitcoin could be anywhere

between what 35K and 400K, so the model's never going to fail, it's just like that range

is just, to me, that's where it gets a little ridiculous.

But I do believe Bitcoin in terms of like an S curve technology adoption thing.

Like I think there will be a critical moment where everyone adopts Bitcoin and I think

that will break the power law like I believe sort of sort of in the power law, but I think

it's going to break to the upside.

And then it's broken and all our models are broken.

100 blues, I've been saying this exact thing.

The next group of Bitcoiners will come in when Bitcoin is achieving the all time highs,

retail chases, winners when they are up, we're going to talk about that.

We're going to talk about that.

So let me keep this moving.

I'm going to give you a quick update on the Clarity Act.

And then I'm going to, we're going to literally talk about that done in blue.

So let's, we'll have that discussion in a minute.

One more commercial one more.

Another commercial break.

I know.

I'm going to talk about the Clarity Act.

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Oh, I did the wrong one.

All right, whatever, we'll keep it moving.

We'll keep it moving.

Okay, here is the Clarity Act update.

And again, I do want to give a huge shout out to Eleanor Territ.

She's been on the ball on this.

I think she's probably the best source of what is actually going on with the Clarity Act.

And I've seen a lot of ridiculous engagement made on Twitter regarding the Clarity Act.

So I'm trusting Eleanor.

All right, we're trusting Eleanor on where we currently are with the Clarity Act.

And here is her Monday morning report on where we currently are.

And to be honest, I don't even know what this title means.

Stakeholder's mum on yield details as late April markup expectations billed.

Is that British?

Is mum British or something?

All right, anyways, the sub headline is crypto and banking leaders who reviewed the

latest compromise on stablecoin yield and rewards are staying tight lipped,

but remain hopeful.

A solution has been reached.

Interesting.

I did mention this last week that rumors are that there seems to be a solution

that has been reached a compromise from both sides.

And as we heard specifically from Senator alumnus,

we were supposed to have this compromise completely reached by yesterday

on Easter.

Tom on's been pushed back a little bit, but it seems like maybe

they have come to a conclusion and we just haven't fully heard what what that is.

Anyways, I'm going to read a little bit of this.

So senators have one more week of calm before returning to a storm of spring activity,

confirming Federal Reserve Chair nominee Kevin Warsh,

advancing a reconciliation package and most important to the crypto industry passing the Clarity

app. As it stands, the key issue holding up the bill is this debate between banks and crypto

over how companies can offer rewards on customer stablecoins holding without triggering

deposit flight.

We've been covering this for I feels like months at this point, appearing to be an inflection

point after a second round of meetings with Senate staffers late last week.

According to two industry sources who spoke with crypto and America on condition of

anonymity because they were not authorized to comment one from crypto and one from banking,

stakeholder reviewed the latest compromise language Thursday with banks brief Friday.

Neither would discuss details, but said they were hopeful a workable solution has been reached

this time.

So it looks like they compromise, I don't know.

The revised deal follows two months of tense negotiations that ended in industry dissatisfaction

with a late March draft from Senator Tom Tillis, Angela also Brooks and the White House,

which some stakeholders, including Coinbase and Stripe,

a Stripe spokesperson to client of comment, a Coinbase spokesperson did not respond to

request for comment, though it's chief legal officer Paul Gruel sparked excitement by saying on

TV last Wednesday, a believe their resolution on the Clarity app could be reached within 48 hours.

Sent that 48 hours has been passed.

So far, there's only been silence and it remains unclear whether the Senate Banking Committee

plans to release the deal text publicly ahead of a markup, many expect share Tim Scott to schedule

in the final two weeks of April.

Really nothing, dude, a dudes.

Hey, bros, there's really nothing, but okay, just to just to tally, oh, I didn't even pull it

up. My bad guys, I apologize. So just to tally, it seems again, no details have been discussed,

but they are hopeful. A workable solution has been reached this time. Again, as the speculation

and rumors were circulating, it from Wednesday that said 48 hours, it should be, you know, in.

There should be a compromise. It seems like they're finally all at the table agreeing on this.

Again, from what we heard, it was supposed to be in by yesterday on Easter.

Now, we are hearing that the markup should happen the final two weeks of April.

So at least a week, I'm guessing before we hear anything at all.

Intrabatom is happening this week.

No, you're trolling, dude, you're trolling. You are trolling, dude.

Yeah, so look, I'm going to maintain what I've been saying.

If we don't see this by the April quote-unquote, you know, pseudo deadline,

I'm sure they'll push it back and be like, it's going to happen by May.

And then it's not going to happen. And remember, if it doesn't happen by June,

that's when they go on vacation for a little bit. And I don't think they come back to about October.

If my timelines are correct, I keep forgetting them.

So I'm going to, I'm going to stand by. If this doesn't happen by the end of April,

then now they're saying the final two weeks of April.

If this doesn't happen by the end of April, I don't think we're going to get the clarity

act through. Now again, there's been a lot of conversations whether it should even get through

in the first place. I mean, let's, you know, tally up the score here. I thought the genius act

was about stable coins. And now the clarity act is being held up because the stable coins,

like what the hell is going on? Oh, actually, one, one other thing,

since I brought up the genius act, I was going to cover this last week.

We did see some movement on the genius act. I wouldn't necessarily say it is

anything substantial, per se. But the US Treasury did

announce this. This was on April Fool's Day, which a lot of crazy stuff happening on April Fool's

Day, huh? Press release from the US Treasury, the Treasury's seeking public comment on genius

act noticed a proposed rulemaking concerning state level regulatory regimes. Today, the US

Department of the Treasury issued a notice of proposed rulemaking, seeking public comment related

to Treasury's implementation of the guiding and establishing national innovation for US

stable coins, aka the genius act. The MP RM is the first regulation treasury has proposed to

implement the genius act. So Treasury welcomes comments on the proposal from all interest stakeholders,

proposal builds on the advanced notice of proposed rulemaking, the Treasury issued last September,

seeking public comment on a wide range of matters relating to the implementation of the genius act.

So the reason I'm bringing this up, oh, God, dude, I really do need my own opt-e here, dude.

I keep blowing it for you guys. Here you go. US Treasury, so you know, I'm not faking news in you.

But anyways, the reason I'm bringing this up in this context is, when did the genius act get passed?

And now we're finally getting the first proposed rulemaking,

implementing the Genius Act. And it's not even really done. They're going to open up

comments on this. So as we've covered for you guys, the machine that is in Washington,

it moves very slowly. So just not that bullish on the clarity act passing. And I'm not really

not even that bullish on the clarity act on what the clarity act is. But let's, let's,

let's fact, let me, let me give you the actual timeline, Genius Act passed.

So Genius Act signed into law July 18, 2025.

This came out April 1st, 2026. So what's that? 10 months, 10 months to get,

not even the first implementation of the Genius Act, but the first proposed rule change

from the Genius Act. So these are the timelines we're working on, guys.

Now in the contents of the clarity act, they're saying the last two weeks of April,

if it doesn't pass by April, guys, I don't think it's going to get through.

The real deadline in my mind is June. But if it doesn't get in by then,

the midterms are going to be here. And this is all going to be on the back burner.

What are they talking about? Chef Tommy, what are we talking about?

I guess it, I guess it's a late. I guess it takes a genius to figure out how

no genius to act is. Yeah. Yeah. I don't know how my job is to speak. Okay. All right.

I have a Valley Girl accent. I can barely speak words.

And you guys still like to listen to me.

Well, that's more of a you problem than a me problem. Actually, before I move on,

shout out to Joey 1286. Thank you for the $5 super chat. And it says 39 trillion

fiat bucks and national debt and counting while Bitcoin is still 21 million gaslighting us

won't work anymore. This is the way a greed agreed. It's almost like the national debt

completely unsustainable. And actually, I didn't fact check this. So, you know,

don't hold me to it. But remember, I was talking about the

defense spending increase of one from $1 trillion to $1.5 trillion.

I did a little bit of follow up and it's not going to be completely cause per say from

just creating money. It seems like it's going to be cutting from a lot of other things. It's

literally, they're literally going to take everything from us so that we could spend more money for

the war in 2026. But I saw it. I believe it was Forbes at or maybe it's Reuters.

They were saying that the new defense budget is going to cost us $7 trillion.

So, I think everyone's already pricing in a $46 trillion national debt.

My dudes, my friends, boys and girls, we're cut.

Yo, if you do not have Bitcoin, it's over. It's absolutely over. No, no, no, it's Monday.

We're not blackpilling. We are not blackpilling. Maybe that's just a clear pill.

Clear pill? You'll give me clear pill. Anyways, we're going to do a little culture.

I'm going to do a little cultural analysis of where Bitcoin currently is. I'll be right back.

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Sorry guys, I'm going delusional here. You know, I was thinking I'm breaking this completely

autopic, but I'm like dying. I'm just dying in here today. I do the AC is burnt. I'm like,

how many? I wonder how many calories I'm burning here. Just doing this show. I'm like,

I'm sweating like a pig right now. It's, I don't know, 80 degrees in Miami, 70% humidity.

It feels like 90 degrees in this room. I'm trying to keep it cordial here and not sweat profusely

on this show. And I'm like, I just wonder, I'm like burning. I wonder how many calories I burn

on this show every day because, dude, I don't, I don't know. We can't figure out the AC in here,

guys. Like, it's either too loud and it sounds like, or I'm burning up in here. All right. And

up with me complaining and up with me complaining. I know you guys don't come to hear me complain.

But man, this is brutal. Hold on. I'm like, dude, this might be a bad joke,

but I was joking the other day. I'm like, I feel like I'm going through Metapos.

Like I'm just sweating profusely for no reason. What is going on? All right. All right.

Anyway, sorry, guys. Sorry. Sorry. Bad joke. Bad joke. Bad joke. I saw this. All right.

She has the British huddle. And you know, British huddle, some people love him.

Some people hate him. He's a very divisive figure. But I'd like,

like, directly wholly agree with this tweet here. I might have a little bit of a different

disagreement with him, but for the most part, I'm seeing this exact same thing.

Anyways, the tweet goes Bitcoin content is dead. And it's not because Bitcoin is dead.

In fact, the high net worth individuals seem to still be buying or because the creators in

this space suddenly became shit because some of them are really great. It's because as I

predicted a year and a half ago and was hated for, we have hit peak Bitcoin education for retail

and they just don't care anymore. Reels utterly cooked, fried and has given up.

Retail does not give a single damn about Bitcoin. But we'll be back to taking out when the price

gets moving and momentum builds enough. But remember, there's still only three rules.

The Bitcoin, the question is, will you pass the IQ test of market moments like these?

Now, again, I probably, I think I agree for the most part with, with this tweet from what I'm

seeing on this end, you know, it's our job to make content. And our little bit, our literal business

thesis is that as Bitcoin grows, Bitcoin media will grow with it. But currently, again, it could

just be bear market vibes, right? You know, down under blue said it. British Hottl just said it.

Like, they'll come back when the price comes back. Remember last year when we hit a hundred K,

we're like, oh, they're coming back like this time for sure. This hundred K, they're coming back

for sure. Didn't come back. Now, there's a lot of theories as to why that's the case.

I think part of it is one, you know, people feel broker than ever.

No matter what they rhetoric is, no matter what the narrative is about the economy being the

best it's ever been, gas is more expensive, groceries are more expensive, rents, and most places

is more expensive. Like, people are having a hard time. And we've been covering this for a while.

Like, the average person is having a hard time. Yes, a lot of us big corners are, we're feeling the

pain of a bear market. Our networks cost, you know, our net worth is cut and cut and half.

But most people have no savings. Like, absolutely not. It's really, it's just, it's absolutely

insane. And then add on top of that, that I think the last time that retail was here, the average

person got into Bitcoin or crypto, what happened? Either they lost their money on FTX and BlockFi

and Celsius got wrecked. Don't want to come back ever again because they got burnt. They bought

shit coins. Again, same thing, put their hand on the stove and got burnt. Don't, don't care about

Bitcoin. And now we've gotten to this point. Now we're the whole world. So gambling casino with

polymarket, koushi, you know, with all of this, you can literally bet on the weather, you know,

you can bet on anything now. Everyone's chasing the quick gain. And, and we've turned the whole

world into a casino now. Like, you could, you could literally bet on anything. Or even further,

I don't know if you guys watch other content, but more normy friendly content. But it seems like

all the kids are on stake. All the biggest influences are on stake. They're literally just

shilling degenerate gambling casinos. So what does this tell me about where we currently are

right now in regards to retail? Is that everyone has this gambling mentality? This

it's all blowing up. I just need to get as rich as fast as humanly possible. And we've been saying

for a long time, chilling Bitcoin or even just talking about Bitcoin in the context of just DCA,

you know, four-year cycles, like a long-term view, saving isn't that sexy. And especially when Bitcoin,

what, we, excuse me, we, you know, excuse me, have gone four years and nothing's happened.

What, we're back in 2021 prizes. It's just like, I generally agree with

British HODL, like retail is cooked. Big coin content is cooked right now.

And it's, I think it's really just bear market vibes. It's just we're in a bear market.

Once the price comes back, I think we'll, we'll start to see the fervor. We'll start to see

even on this show. Remember me and Nico have been talking about it. What was it?

Last year around the Trump election in the beginning of 2025, when we still had, you know,

little light in our eyes. We were starry eyed. We were hopeful for the year. We were hopeful for

the parabolic run of 2025. We were getting thousand people hanging out with us.

Now we're like happy if we're in the four to 500 range. Today, we're like 350.

It's been a slug for everyone. And I look at everyone in the Bitcoin space. I look at all of

their numbers, all the content creators. And everyone is hurting right now. Now what,

what's that telling me? One, we're in peak bear market. You know, people are tuning out. People

don't care right now. Two, people aren't searching for Bitcoin content because Bitcoin content

is being pushed. And that's just how you two works. It doesn't push your content.

It just gives videos for people that are searching for that content. That's just how it works.

And then there hasn't really been anything crazy. Like the price has been

stale. 2025, the price literally went sideways the whole year. And here we are at the beginning of

2026. And what is it? What's Bitcoin doing? Yeah, we crashed at the end of last year. And we've

been going sideways forever. It's like people tune out when it gets boring. When the price of Bitcoin

doesn't do anything, people tune out. And I do agree with with British auto here of like it is

an IQ test. And they are going to come back when the price comes back. But this question right here

is I think the big question for everyone. I mean, look, I played you Peter McCormick,

shots at the Peter McCormick. He literally traded the Bitcoin content game to a tee. He did

he trade the top. Are we cooked here as Bitcoin creators? All of us. Because retail just doesn't

care anymore. Have we hit the high watermark of Bitcoin education? This is like the existential

question I keep asking myself. If we did, man, our business is cut. Dude, I might not be here for

that much. I might not have a job, guys. I know you guys are mean to me every day. And some of you

are nice. But we might need to cherish these moments. It might not be around for that much longer.

Have we hit Bitcoin education? I really don't think so. I think it's just dude, the price has

been so boring. It's I don't even want to pull up the one minute chart right now. I don't want

a black home myself. But I'm going to pull up the 12 months chart. So yeah, we're back to 2021

prices, guys. So it's not just that retail's broke. It's we've been going sideways for four years.

We have literally haven't gone anywhere in four years, guys.

Oh man. These long sideways walks are great for me. For real though. That is the real that is

the real takeaway here. Don't watch Jamie, bro. I just haven't fun, guys. It's Monday. I'm having

a little fun. All right. I'm like low key, delusional. You know, I know I know you guys don't

really care about my personal life, but like I didn't get the bed at three and I got in bed at like

10 30. Dude, I my head hurts. I like six hours. I had to sleep into like nine o'clock today just so

somewhat mentally here. I'm like delusional right now because I'm a boomer, dude. I need sleep,

guys. Let's see. We're back at 2021 prices. How are all the other assets doing?

Yo, yellow. What's up? Hey, yo, my friend, my friend, my friend. It is on my fault. I know, dude,

I'm doing my best. I'm sorry. I'm sorry, you guys. It's my fault. We're in a bear market. It's

my fault. It's always my fault. It will always be my fault. What's up, bro? I haven't seen you in a

minute. It's good to see you. Hey, guess there's a civil lining here. I got my boy in the chat.

All right, so we're not doing that bad. We're not doing that bad today. When the boys come back in

the chat, you know, it's like, all right, hey, we're doing okay. We're doing okay. I guess,

you know, I could wrap up, but do you actually want me to check? I'll check. We'll check.

All right, since 2021, I guess we're going to do some chart boiling. I didn't want to do chart

boiling guys. I don't want to do any chart boiling today. Hey, Ms. Fett, you're you're the real MVP.

Bitcoin is boring. And you're just here to hang out with me. I guess on a positive note,

I guess I'm somewhat entertaining, huh? All right. So here's Bitcoin. Bitcoin, I like this

one in crypto. All right, actually, it's kind of dirty. But you can see price, we are back.

I guess, you know, being more generous, we're back to 2024 prices, but really,

we're back to the 2021 peak brutal. Okay, four year, let's see, four year and gold. We're getting

cooked. 2021, dude, we should just buy gold with guys. Maybe Peter Schiff was right.

200% dude, where we round tripped and gold's up 200%. This is so depressing. I was trying not

to black kill myself. Here we are. This is the MSCI world ETF, which is basically like all of

the indexes, equities, uh, rounded up since what, what was it 2021?

35%. Actually, I guess I could be a little more lenient here with Bitcoin.

I'm kind of doing the clothes, but we're up 50% from clothes of 2021 to where we are. So it's not

as bad as I'm making it out to see. What else, what else should I do in here? I guess let's look at

mag seven. You know, we're kind of looking like the mag seven here. Oh, I can't even go back to 2021.

Whatever, bros, but actually, this does bring up a tweet and other tweet. Just to wrap it up,

because you guys are probably like, this is a Bitcoin show and you're making it look like Bitcoin

is ass. I didn't do that. Okay, it's my fault. It's my fault. Um, did you guys see apparently sailor

and Peter's shift have been arguing on the timeline? And let me see, I could have swore I put this

in my notes this morning. Yeah, here we go. All right. So basically what I just did here is

Peter's shift yesterday over the past five years, the price of Bitcoin is up by just 12% over

the same time period. The NASDAQ is up 57.4% S and P 500 is up 59.4% gold is up 163% and silver is

up 181%. If the appeal of Bitcoin is it superior long term performance, why shouldn't anyone keep

holding it? Sailor Eastmond, time frames matter. Since August 2020, Bitcoin is a top performing

major asset and it's not even closed, zoom out further and the gap only widens. So yeah, you

know, cherry picking, I am cherry picking just because we've round trip to 2021 prices. But

our, you know, Kager annualized returns in 2020. We're blowing everyone out of the water,

all right? It's all about perspective. It's all about perspective. We need some Peter's shift

thumbnails with his mouth open. Simply bear his new name with it. Hey, man, if you bring up the 15

year chart, you see we are right on target to the upside and yeah, yeah, let's do that. All right,

since you guys are calling me a bear before I wrap up today's show, we're going to do.

We're going to do the most bullish chart of all time. Nothing even comes close to this.

It's like at the all time monthly. Oh, man, it's so beautiful. Look at that. Look at that.

Oh, man.

God, it's so beautiful.

11.5 million percent gains.

We really wish I bought Bitcoin in 2010.

I really wish I wasn't a dumb broke college student in 2010.

All right, bros. All right, bros. All right, bros.

Oh, you know, we want monies. Yeah, big P gets it. We want monies.

All right, guys, I'm rambling. I'm having fun. I'm having fun with you guys in the chat,

but you already know the deal. It's Monday, man. Start of another week. We are locking in.

We are locking in for the week.

We got a couple of things. You know, Hado does the three rules for Bitcoin.

I might be more of the there's more rules for Bitcoin, but that's just because I want you guys

to be the wealthiest, healthiest, happiest person possible. So we got to lock in 2026 as a year

of ascension, got to lock it on the diet. Make sure we eat and good. You know, put the cookies.

I know it was Easter yesterday. And if you celebrate Easter, like I did, dude, I had cookies and

frickin pie and ice cream. We're putting down the sweets. I'm a big fan of sugar. I've been

put sugar in my coffee, but locking on the diet, you know, calorie deficit minimum high protein,

locking in on the diet, hit the gym, the very least 10k steps in, get some sun, preferably 15

minutes right when you wake up, right when the sun rises, call your loved ones.

And really should be number one, make sure you're stacking Bitcoin. If you lock in on this five steps,

2027 is going to be an even better year than this year. All right. But we're locking in. Also,

it's almost summertime guys. Now I know all of you guys don't live by the beach.

You gotta make sure you're the best person you can possibly be. It actually brings back

something I've always been saying for a very long time. You gotta remember, you are a billboard for

Bitcoin. You gotta live the life. Gotta live a good life. Or else people won't care about what

you tell them. So, you know, look good. Wait, what's the Deon centers? You look good,

you feel good, you feel good, you play good. It's all together. Make sure you're the total package

here, guys. That's that is the real message of simply Bitcoin is I want you to be the total

package. I will arm you with what I think is going on, but I give you guys the same sign off every

single day. I want you guys as fit, as healthy, as happy, and as wealthy as possible,

because when Bitcoin takes over, we take over. Okay. All right, guys, I love you. I'll see you

tomorrow. That's you couldn't do that. I don't know. I couldn't sleep. All right. I'm going to

I'm going to take a nap today and I'm probably not going to be able to sleep tomorrow or tonight. But

Oh, yeah. Oh, yeah. Wait, number six. Let's let's let's lock it on the sleep boys, girls, eight hours,

boomer time. We need maps. Sleep good. All right. All right. Off to work out, bro. That's that's my

boy's sour. Do you know, you know, we are barbell maxis. The barbell doesn't lie to you. All right.

I'll see you guys tomorrow. Have a good rest of your day, guys. I love you. Peace out.

It's your boy Opti. Hey, cheers from England, man. Let's go. Shouts out to our brothers and

sisters across the pond. It's looking a little dark for you guys over there. But hey, man,

we're locking in. Stack some sets. Get your life in order. This is the message.

Sleep out work is bad, dude. I really wish I could sleep out work. All right. All right. I'm

rambling about a rambling, but all right. Okay. Peace out. I'll see you tomorrow. Have a good rest

today's episode was brought to you by bitcoinwell.com, a bitcoin-only platform on a mission to

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