$100k Incoming! | Bitcoin Strategic Reserve | Trump Admin Picks | Microstrtegy Miracle
01:08:09 Share

What's upset thing? What's still on on selves? As going to day, happy friday.

touch squad, happy friday.

ninety nine thousand two fifty one great, amazing. I think we're at just one thousand and eight cats per dollar according to the block clock. Uh, this is the big deal.

First, I want to think mara, the largest public big coin miner, for supporting the show and for helping make the bitcoin network the largest and most desensitized network in the world for the awesome. Are you guys? Uh, we got a lot to get through the day, you know and I think that's going to be that's just gonna the way IT is for the next year.

There's gonna be we have to pick in shoes, all the stuff that we wanted talk about, we've on't got about an hour. Um so first of all, you know obviously Price action, that's we're today, we're all watching for one hundred K I was up until midnight last night, just hoping that would happen. Wake up at six A M was like first thing I check my phone like, okay, ay, I didn't miss IT.

I was good. And maybe we'll get IT here. There would be a lot of fun.

There's something about a hundred k that just such a, such a major milestone. I had a tweet the other day for a long time. I thought unit bias, kind of a held back bitcoin unit bias is like people that aren't educated in markets to build, oh, these things only one penny.

That means that must go up more. And people that know something about markets know that's irrelevant and what you really need, market cap IT doesn't matter anyways. But I used to think that unit bias held us back now that we're about to crack a hundred thousand dollars.

I feel the opposite. I think getting over a hundred k is just so psychologically substantial for so many people. And IT sends such a signal to everybody. And I I think IT really is like in some ways, it's just another number, right, like that this is a really matter hundred k or not. But in another way, it's such a tremendous vindication of the bitcoins and the people that bad on this thing.

I mean, let's just to get a quicker of joy and i'll come back to you the conviction that IT takes to hold for a long period of time. I think all of us hear about seven years in right twenty seventeen dish. Okay um here's from twenty thirteen. In fact, this is just five days from being um eleven years ago, right one thousand dollars. So this was published in wired on november twenty seven and twenty thirteen.

Cross and quake for those you in the chat where we're lying on you guys, if we get a hundred k and need you guys to posted in the chat like forgetting ninety nine, nine like you know, I can't see you right now to keep .

us alive ninety nine, three, five, three. great. I should pull.

uh, we live like i'll .

pull up something so that we can screen, share, uh, if needed quick, just blast the past. Tony did not .

even a full week since thanksgiving, and we're already playing Christmas music. And look, that's what i'm saying anyway. Okay, so that's what we were doing. But I want to show you a bit coin at twenty thousand dollars and one hundred and fifty years for coin, that's what you got is up record three thousand dollars, up, up nineteen percent new recorder. So the previous .

record was ninety thousand six hundred. That was an absolutely bunkers like a week went from ten or eleven k to twenty k in a matter like less than a week.

I think somebody tune then right as you put that up and had like a complete freak out. yes. Like what do you mean?

Here is seventy two. The Price of that could be a.

now just get a forty thing about that point in time. I had two bodies who were made a bet with each other in two thousand eighteen when the Price crashed yeah that one of them said bitcoins gonna be above twenty k by the end of twenty twenty yeah else said, no, it's not. He also remember what happened like he said, it's starting december of twenty twenty like at twelve k so my one body felt like I got this in the bag and then by the end of the month they cross twenty k and the other guy was like, you got to to that .

is crazy IT just IT lds up to be like holiday season and IT gets that like extra boost from the cross pollination that happens over thinkin giving break. Um alright, so many too. This is a the Price of bitcoin, the largest occupant currency by market cap.

Thirty past seventy two thousand new australian mark to reach another all time high, according to U. S. Crept exchange a coin base, the Price of one big coin. We don't give coin basin ad over here. Anyway, there is three.

five.

Um I still see .

three, five and pull five.

I'm kidding on I .

on bit bub. That's got ninety nine six right now.

Nine sex. I just tired of feeling IT was gonna happen during this hour. I don't know I .

anything is back in on Price here again on november for us. We're talked in a couple weeks. School book was training on sixty eight thousand yeah now ninety nine, five, one thousand .

and nine six snow. But it's speaking of round numbers like people do like round numbers that just gets your brain going like go our shit. There's if there's another number, another handle. Yes, I then moved to E, D. K. Will got some of my friends, like I got this in some group chats then like, oh, A D K, literally writing, I miss the trade, I miss the boat and have I know paying them again is like, hey, because up twenty percent since you said you missed about, yes, I have absolutely done that.

Red man, you got you, you you got to kind of drive the nice. You got to twist the knife a little bit, you know. I mean, like there there's there's a point where it's like not compassionate, right? But there's a point where you need to just squeak a little bit. Ninety nine sectors. This is the one minute or right, we need the one minute.

Or I I gotta pull up ready to rock case. We need IT.

I feel like one of you guys has i've heard both Stephen and critter talk about this. This is the golden age of bitcoin dance. He just wanna out i'm not .

IT true let's jump up down to this um here's the here's a big quaker this is from a nil said so and I think the continent office from gladding to get the saudi hater. You heard about bitcoin years ago but never but now yourself, the desperate status you believe money can only be created by the states of bitcoin breaks a worldview. The dishonest intellectual, this is maybe my favorite one.

You haven't done the work to understand bitcoin, so you wish would just go away. And actually, I would say you haven't done the work to understand bitcoin, but you are on IT confidently anyway. The prisoner of san cast you're invested in in an alcove in field.

The need to criticize bitcoin to defend life choices. The prisoner of some cost is a fancy way to a ship or alright, what do we get, guys? Tell me about dunning on this year.

This is this happens during bull markets. So obviously during bare markets too when things start crashing. But uh in your mark sits its our turn to dunk and these guys don't give up.

Usually big corners have like an inspect up pedee memory of haters. We remember all the haters. I I literally did A, I did a short. We rent the bitcoin hatters couple weeks ago neck, but like we remember them and and the community remembers, we have the tweet saved. And so we're enduring this era when we cross one hundred k, it's the golden age of dunks. It's like every stupid, a poorly research, poorly thought out, like a self rituals take that these kind of critics have had on big coin. I mean, there there is kind of look so bad and bitcoin is are not in allem for debt.

That's the way I go. As Brandon extending .

this a little bit on twitter were wrong, right? We appear wrong on tour for like three years in a row. And we get this glorious opportunity when all the atter start running their mouth, bitcoins pumping, and we celebrate by dancing on grades.

And you can say this is just stacee. And you'd be right, you consider this is rude and you'll be right. You could say we shouldn't tell billionaire rs to have fun, stay important.

You might be right. We we need this one and it's pretty fun. So don't take IT too seriously. We need we need to have a little thunder in the ball market.

If you're not gonna, you're not gonna do IT at a hundred k when you need to do IT point on a million .

the coin and see if you got someone really .

like actually um outstanding flag the sky and linked in who actually was like K I think I was roll on the point on trying on stand what this is you know don't don't to work on that guy like you help them out but the people like you know the bitcoin hitters, robbin Brooks Peters, ee on um obviously Peter chef, Steve hay, like these guys deserve to be dog on the few to semble someone have come in retakes of like this is tool above all because coin only goes up with tax starts because in only um goes up when the fed cuts rates. Like we should highlight just how royales people were and these of people have been in invested or economic rules like multiple decades, like they deserve to take some criticism. Yeah, no, no doubt .

a good point.

We should welcome everyone who says, hey, I was wrong. I'm in the big coin now we we should problem up and celebrate. That opinion is impressive. It's legitimately hard to grab this thing. We went through a chAllenging and and on the other side, you know feel a little Whiter and that's a good thing.

Sailor was a bit coin heater, you know I mean, there's nothing wrong with changing your mind.

Um it's it's .

good to do so. What's not good? And I think the people that do deserve the dunking is people who a dig their heels in and b dig their heels in from first principles that are dishonest and are not really engaging with the arguments.

Yeah, that's that thinking that knows me the most. And there's still out there. There's just there you know the saying this is just another bubble. I don't understand how you can look at the four year moving average short, which is never turned down at all ever and she's going up into the rate. So if you take out the noise, which is what the four year moving ever to does, you take out the noise. But if is not a bubble is just up to the right of almost I mean, just an expansion al looks a limiter on the on the expansion al child, obviously but my god, uh, this is not a bubble that was I think a lot of us were in, uh the replies on the markets Brown tweet um really popular take you tube or uh really great too is really good at what he does um which is interesting great because is in text you know I mean he is the mercy all the time and he doesn't understand biquet and he was he said, uh something about no one can ever you know accuse him of being a pumped duer and just like this is not a pumped duper how can you think that um anyway we were conducted .

wallpapers a little bit so I mean really what talking in coming yeah right you know the thing about the problem okay. This is the thing when the haters and the losers, when their predictions are non falsifiable, that's the problem. You wanted make a falsifiable prediction that we can actually say was wrong or was right in some time frame.

That's great. I have no problem with that. But the way that these people do IT is they make non falsifiable claims. They say it's just it's a bubble yep. And after eight years and IT hasn't collapse, they're still just saying the same thing. How long when what would need to happen for you to say it's not a bubble and you'll never give you that because they don't want to to be ond the record as with a claim that fall survive, they just want to be a hater.

IT is IT is a bubble, if is very good.

I was just can say I think there is something to unpack about the word bubble that can confuse some people if you are using IT in terms of like tool of bubble, people typically mean like kate, there's really you know no real value there beyond like what a tool should be, which is like in our pennies or something um that's like a true bubble. But we also use the word bubble to describe like the real state bubble, dark on bubble.

But you have to remember about those like even the people who call that bubble, they are not cleaning that real estate has zero value and known to every real state again, you know, they're not claiming that the internet bubble meant that the internet was a joke. And so I think if someone is using in the word bubble to mean, like, hey, the Price has gone up too much and I could call back like, okay, fine, but you can say that about any asset. If they're using IT like tool of bubble and this is going to go to zero forever, then like they deserve to be done.

And and and typically saying IT in the latter, right? Like they're typically in IT as this like bubble means this is actually worthless. There's nothing there.

Despite the fact that most of the bubbles in the history were based around transformative technologies that change to m in history, bubbles typically develop on our biggest and best ideas, railroads, tech companies, development, all of these sorts of things. You see bubbles in new, rapidly growing areas. That's what most of them are.

The two, the bubble is an anomaly. It's also fake and made up. Historical IT didn't really happen in that way.

IT is a made up story by a certain sector Christians that really hated wealth. And they created the story as a way of criticizing the excesses of money. And I said that descriptive of like but like IT, it's not even really real. Most bubbles are in ideas that changed. The world .

is stopped. Ambiquity is a series of of signal bubbles and crashes that there's no doubt about that. But if you zoom out far enough, like I said, with the four year moving average, it's not a bubble at all.

And these things do happen because of human psychology. I mean, one, people see the promise of a new technology experience. So let's use the dark on bubble as an example.

And so they know that there's money to be made here. They know there's a value here. No one really knows who's gonna win. So it's all bets are funding all kinds of attempts to take a bench of this new technology and become a big company.

And you know, a small percentage of them are gonna win, and the rest of them, we're gonna die, right? And so that's where the bubble happens. That just crashes a the same thing happens radicle, right? It's psychology.

We all want a pilot. You get the formal you but most people who are in the space um or at least, let's say a large percentage of them during a bubble or are a big blow off. We do believe in the technology, enough of them, you know a more and more things.

And we talked about this many times just increasing the four of every cycle. Um so yeah, it's it's it's all psychology. It's not a mystery whatsoever. Um but calling in a bubble that's going to burst, there's no value, it's going to zero IT is just completely ridiculous at this point elderly ridiculous. So I mean.

and it's because there's been such a profound change in the landscape, and I think this is worth talking about. So here's my current view on bitcoin was talking to some people today about this and it's that when the election happened, it's mount just it's not just like a trump presidency, but it's a series of events that have kind of rolled out from that.

But post the election, the landscape for bitcoin changed dramatically from probabilities on the reserve to the senate, the very hostile senate people getting taken out to the regulatory risk being massively marked down to compounding those factors with the spot s compounding these factors with the institutional adoption. And in all of that, you end up in a scenario where things are so good for bit in here that the market cannot Price that in. In a matter of weeks, IT will take a matter of months.

The change happened instantly, but I will take months for people and investors to truly work through the world view and the mindset in the strategy of what this means for bickle. In and I think you you Perry, where you're seeing um a repricing of bitcoin in this way and IT IT takes time. But um we're in we're in a totally different world here. It's best case scenario, to be Frank.

And you thoughts brenon, i'm leave in space for you because all me and Steven just jump in in talking about people .

so that we have graded world's I I have one extra comment through the haters, and I think that most of the long term haters, the long term critics, they made up their mind, right? They have some weird fixation on this thing. They decided bitcoins bad.

And any amount of intellectual discours you provide to them flies right over their head. Yeah, they need the psychological safety of bitcoin is bad. And they just pick the next argument doesn't matter you you squash one, they pick another one. And so I think the right approaches to just make fun of these people, they're intellect and emotionally constituted .

ted and your exam arguments .

just make fun of them.

intellectual, emotionally constipated. Let's fantastic turn of race that I ve not heard of my life.

I just saw that we've got a huge coin days premium right now, and that's a good thing. It's when the spot Price on coin basis much higher than the futures exchanges. And what that is, there is a tunas spot buying that, striving this rather than leverage buying. So you love to see IT awesome.

the real deal, what is liked instinct about once we breached the the soul war and get through that big psychological number, where this is kind of funny to me, every ten thousand is like the big psychological number. And trading happens a around this emotional trading like we're going to defend this Price and we're going to go aggressive after this Price. And there's little battles of these big round numbers. This is the biggest one uh in my in the big ince had except for maybe a thousand dollars just like the next add the zero right, which is why a million dollars is the next .

target for us um right? Yeah correct. Stop all the other stuff.

We're going to a million. That's the story this year. What's the target? The targets of million dollars .

and yeah one, ten, a hundred, a thousand just like that sit. That's what we celebrate. So next to a million than it's ten million. Only two or is the .

magazine way easy, easy and easy one male, a clean one male.

Yeah uh if we get a bitcoin strategic reserve, which more developments this week lamas without talking about IT um there is a crypto cabinet formed and there was a sort of reiteration of the commitment to a bit coin to reserve about um from this incoming administration. Polly market is that I haven't checked IT recently in pull up, but Polly market I know went from about thirty to forty two I think uh as of yesterday um and .

import note on that, the Polly market market is by April. So right, the chance that you get IT this year .

is higher than rates, okay, i'll look at up in a second. But generally you get buy that by the of twenty twenty five higher .

than the forty two percent. The reason because there's another market on koshi, and I think it's got IT at like seventy percent because it's the whole year. Uh, the the thing with the Polly market is like you can be vollied ed on the strategic reserve, but you might be like, I don't know if they get IT done in the first three months, right? That's a different sort of bt.

yeah. We do have secretary treasury, secretary market here. Uh, scope this best is back up to write basically neck neck with Kevin walsh, who do you like Better? Uh, between the two of them.

even dude. So I actually pull us up. Let me see we are out.

Yeah their necks and neck, I think worse is super over Priced. I think it's not super realf best. That would be incredible. I I there's some stuff I can't say, but just I have IT on very good authority. He is extremely game for the reserve.

He's also just very good and you do want not an idiot managing the treasury even if you're a bit corner like complete financial meltdown in the U S. Is not a bull case for you. So I think he's both qualified for the job.

Very bullish on bitcoin. So best, and I think is the top contender, I think he looks good hugely, would also be amazing worsh, I think, is the candidate you don't really want. I thought that he would be bad. He would be a huge step up from Janet yelling. But I don't know that you get the reserve or at least you get support for the reserve independently from walsh.

okay. Well, let's go sky because I would just .

say I did wore seems like I don't know establishment is the right word because like closer to that at these others and he's got a lot of wall street experience. Yeah and I mean, his credit, he was on sem bc like within the last month criticizing the fed and their whole ramework for inflation.

If he's like not just completely falling in line with with his family family, but terms of what trumps team has like signalled that they're looking for outsiders like watch, would IT relief that with that, i'm obviously they have to play the game of like there's you think they have to baLance and they have to pick someone that they think can get approved in all that stuff. I would be surprised if its worse. I think I like best in or more than outside our candidate seems more .

likely yeah he works for .

for George sora for quite sometimes which I find interesting given Better and you're talking in on yeah yeah didn't .

he was unfordable his well known of being critic though, like he was always kind of valiant tagged ist in that way. He was not aligned with sorrow he did work for, I mean, sorry, was one of the top places to be, you know, in the years ago. Yeah, he was always kind of not aligned politically though. so.

And I think this time that the soros fund was like I looked at IT was like decades ago that like he was just recently working .

for so us no um you know in worship like warshin uh he's different, right? Like he's kind of more of a gold guy. He's certainly and not like a steam treasury pic.

There's stuff ff like there. He's had some mildly positive comments on bitcoin. He's definitely not like a bit coin hater.

I think he did like a what he call IT. Uh he had some proc b dc stuff that's probably the most concerning stuff. I don't think that happens under the administration, so I would really worry about that too much.

But he is he's fine. He's a material step up from yelling. So I mean, as far as directionality, I mean a huge improvement, but I think just not what we're looking for. And I think the markets have overinflated his chances based on outside the rumors.

Yep, any other comments on the crypto cabinet or any other developments in the trumpet administration as IT relates to tobacco interruptions this this last week.

I mean, I think there are some negatives from like the big corner point of view, like the clearly looking prety favorite, unlike broader in a crip do and defy and use. There were some headline this morning from watcher grew that said someone so with triumph is looking at IT launched like a cypher payments platform or something. So you know it's not like trump passages taken on all the ideals of Michael sailor, for example. Like there still pretty big gap there um and I think will see them announce might know and act some policies that are like preferential the coin b and some stuff that we might not through well but of old year all I think it's gna be like calls that are generally good for the coin. Um so yeah and but we're going to have to take some you know do you know me some things that we're to throw banner .

mouse and we that's a thing .

like you need to get really prepared right now. They're gonna do cyp do stuff like there's gonna be all sorts of cyp do stuff this year. Just get used to IT and i'm going to tell you something to tell you IT doesn't matter.

IT doesn't matter. Like that was the last war and he was separating bitcoin from crypto. So people thought they were the same thing. No one thinks that the same thing anymore. We won that they're gona do their thing.

And this i've been saying this kind of on twitter, but like, look, it's bullish for bitcoin that trump is meeting with brian armstrong, it's bullish for bitcoin. They're doing these cyp t of things that will benefit bitcoin and there's no putting the cat back in the bag that bitcoins the same as though you gotta just let that happen. There's no stopping IT. And IT is a wind in our sale.

Rand, and I saw you trying to get in there.

Yeah, I was going to save more or less. So it's even said I agree. I think no matter what, we're going to see the flood gates open and I think there's soly fine.

I don't want to win off of regulatory uh, modes around bitcoin. I won a win because the free market believes bitcoin is superior asset. And I think that that's true.

And uh, we are winning. We're going to keep winning. And you're looking, for example, right?

Flag gates open for shake coins, clear as day. Check out the ef, P, T, C Price. That seems to be lot of strong gravity over there. The church is keeps going down.

And you think the update would be true, right? And so I think Stevens point around the differentiation between kind and broader cyp to is very clear to the market today. Um IT pleases me that sooner edie east launch and then salona two point o in two years wet salona lunch and they can all compete for whatever market that is.

Um one comment on sailor though john he said, um maybe the trump administration doesn't fall line with sailor but this is recent comments he let out is this is crypto security crapo currently fungible tokens, uh equities on chain. And so I think he's come to the same conclusion that the broader market will have its its chance. I think that's tally fine.

I then dish to tie this off off and ninja drop on the group here. I think we should consider me of the week as a recurrent theme here for this. And I I posted one in the chat, the private chat, but I am really wants to pull this one up. I think this is the best me for me at least you .

where the .

is so deep but so dense. It's breath takings ly beautiful shout out like this year o ex foobar, where are you already have a massive truder following but yeah.

ah yeah, yes.

When is got put up?

Not here.

great. Yeah, yeah. So if those you don't know this is are you probably most people know this guy, liberal James this is liberal James, his son Brownie.

He goes by um and yeah so the run had this goal. I'm anna. Play basketball with my son in the N.

B, A. And of course, he made that happen. Uh, what Brown James, once, when he comes to his best team, is gonna get.

So, anyway, Brownie junior is a eat. James. B. T, C, this is just great.

I had to explain the sporting later layer to this, but Brown, Brown's, not that good, at least yet. Anyway, still really Young. And h, he's there because he's dads there, but good.

So exist on the.

on the quotations of B, T, C. As well.

There was another one kind of like this that I saw that was like both east and bitcoin are two thousand dollars away from at all time high the handed IT took. There's that that's like a almost a hundred percent gain for east followed for .

who likes this church? So good that that if B. T. C. basco. IT is and Brandon road up up there is a hockey version .

of that joke basically um I had a joke with they know so much about hockey players and staff itself and at one point really like he who is the high where we are okay so ninety nine seven, ninety nine seven and we we would say to someone actually to like trip them like who is the highest scoring brother combination and N H L history and you make them think that guess a million people in every, says wain gretz and his brother brand and IT turns out that his brothers brand like .

never even played nh just that way down that's the uh we've got a couple greek clips here, guys. We can dive back into the needy stuff. Um we've got that C N B C clip the three minute one that you wanted to place to even we've also get sailor that we ve talk a little microstrip. Gy, it's a really good clip. But men, we've also got .

the option from the thing with really dangerous from this thing.

I feel like i'm watching here. I, I, I pull IT up for sure and then we can celebrate. okay. Um let's see to the sailor you .

know over the last two weeks, Andrew, we generated five point four billion dollars in BTC gains. We're making five hundred million a day. I'm staring at my screen and we're selling dollar bills for three dollars, sometimes a million times a minute.

And so it's not it's not unpossible. I mean, we may very well be the most profitable company in the united states growing the fastest right now because there are not many companies that are making five hundred million dollars a day doing what they're doing. And so you don't like bitcoin, you don't want any any piece of IT. But if you like bitcoin, then this is this is .

a monster um just I mean keeps on going what's what's been happening is a insane this week. I think it's now what three, four times over. It's enough.

Not that people care about that, Steven. You had to tell a little story about the D. M.

You receive because I think I was agree line. Oh yeah, I don't like, I don't. I don't give enough about the yes.

So I was talking with her with a friend of mine who has managed a funds for some of the Richard people in the world. This guy, ah we got the Price on the screen. The were guys, uh, I was talking uh, with this guy.

He is a professional manager and very high levels for billionaire. And i've been talking about about a big coin, and i've talking about microstrip gy, and he really likes microstrip. This is one of the more sophisticated financial, you know, kind of individuals in the world are you tell your messes.

I do. I don't give a shit about now we are not trading closed and bomb fun that's right. Like this isn't nab only applies to the sort of closed and structure like grey scale or like a bond fun where there's just a pile of collateral and that's all IT is the thing with microstrip.

Gy, that's not what IT is. IT would be irrational for microstrip. Gy to trade IT because they generate returns on top of that asset through novel financial products and other things. So it's it's just .

not the .

really kicked that out of your vocabulary. Now maybe this is three x and have not that you should think of that. That is that too high as that too low? Nobody knows, right? I'm not saying that we know where to trade up, but you're looking at a company that is valued of its future performance and activities, not um not a close and trust, you know and actually, they're doing something pretty incredible.

You know and so this this this convertible note they did is, you know it's it's wild. I mean there's huge demands, three billion dollars over subscribe, one of the largest insurance companies in the world and all of that literally buying bitcoin right now. The cash um probably gone to get over a hundred k year in a minute um and IT just people aren't understanding what they're looking at.

And I just remember the volatility on M S T R like yesterday was down something like twenty percent. So yeah and and people have their theories about why IT is and what that means for you know the coming days. And if people have their theories about what the multiple should be, obviously in in the long run, bitcoin being successful means microscope will be successful.

But just you know know what you're in for there. You bitcoin could be flat and microchip I could be down twenty percent on a given day. Uh, advice per.

So we've in the opposite, the coins up a few percent, microsoft gies up ten to fifteen nine minute. So it's a just know that you're in a different trade. They are similar, but there's some big differences. Yes, absolutely.

I'm here in ninety nine nine on coin base right now.

I pull up coin based on trading view. I think this is the global average, the Better showing which don't want I prefer for all time. Um but I think most people feel like just prefer the exchange.

What happens first? Bridal plus. Uh, that's where the liquidity is buying right now. So IT will happen there first.

Now not going basis that ninety nine seven, two five both seem as this .

ninety nine seven yeah we're depend we're depend .

yeah but um yeah .

I mean people just aren't understanding um they are aren't understanding what's going on my strategy and you know it's it's worth .

understanding.

Related comment, can we just give a shout out out to a joker in in Andreas saran for having sailor around all the time? Can big corner make a somehow keep his composure even though you know he just score minani and sailors light or making a five hundred million a day to salty no corner? I'm sure enough. I mean, it's a lot of people.

you know and understandably so when you're just kind of take a quick look at IT, I thinking this is some kind of you know uh crazy, crazy bubble, something like F T X or was called genis.

So I can remember what the docs think any yeah genuine genuine pons these schemes but after listening to say to talk about and studying a bit and i'm the finance expert of learning quite a bit over last seven years, um if it's definitely not upon zy because he is taking money, right, he's not taking a new money in giving out the the money he's already you know made previously and taking new clients and trying to do that whole wash. It's it's not these are financial instruments that selling have a lot of demand. And he has figured out how to create a yield that is sustainable as long as he doesn't get margin called.

And he seems to be doing a pretty like conservatively, even though he's getting his performance the way that he's playing out. And in structuring these bonds and these A T ms look like pretty conservative. If you think the bitcoin is going to continue add up, you know reasonable era over the next twenty years.

I mean, they're more than conservative. They're actually brilliant. These bonds are away for bond investors, insurance companies to get the upside of bitcoin without the downside like and that's why you get back to the thing of like IT shouldn't trade IT now they are the only company in the world that can issue these instruments in size and its scale. And these ments are valuable. It's like if there were the only one that can sell call options, like there is real value there, not just a pile of bitcoin that should trade in off yeah.

Okay where are you going na go next?

I just want about sailor being on uh C M B C or bloomer whatever IT is. Um anyone who's worked out like a big wall street firm, you might know this. But if you have in um there's T V is on most death like every ten feet there's a breaking T V and the things that they're going to have on is either C M B C or it's binger red just all day long.

So those and its on me is not like you know, you have to listen everything they are saying, but you can usually pick up your phone in front of you and get the audio from the T V. So all these trade, five firms just have C, M, B, C, or gloomier going all day long if they could see sailor up there repeatedly with the headline bitcoin that IT actually it's like planting the seed over and over again. Microstrip gie stack up one hundred percent at three months, whatever IT is.

Um it's like, you know it's just something that is making them really like that. Like this is a thing, this is part of their world, is like you have to tune some other channel to get the coin content. Sailors going to C, N, D, C and having the conversation one .

hundred percent IT makes a huge difference. So someone in the charge just said, the S M P S up point zero three percent today I breathe out and pulled IT up because I thought I was up a point three percent. Unlike omen, it's diving IT was a point three, but it's also iron IT compared to like like, oh god, a difference of twenty seven days, six points. That must be why we're .

correcting versus big coin in its ten percent. Again, we sold off. We went down to .

ninety nine. We've bounced off f that a little bit now rat, ninety nights, three, three, fifteen, four hundred.

yeah.

Takes time to breach the hundred care.

I wouldn't be surprised if we, you know, bounce around ninety seven, ninety eight and ninety nine again for a while like it's people have understand that if people like to sell those big numbers, the'd got IT in their minds if you ever want to sell biton like you want to take your family on a trip or something like that because you know live your life. Um not like a never similar bitcoin person because I was the point that um but if so, you wanna a little bit line don't do IT at one hundred thousand, do IT at like ninety eight, ninety five, ninety eight because it's gonna bounced back down and you know like back and forth and back and forth um and you may never get yourself ll in and you're not going to be able to catch that did because you know I would would be surprised to be I mean giving ess run that we're on like I really wouldn't I don't think this can happen. But I went be surprised that we just like or in the low nineties for a while longer, maybe like three, four days until thanksgiving, we're you're going to get the the family thanksgiving come.

Here's a question for you guys. Firstly, what what do you think is Better? We cross one hundred ten on a weekday or a weekend. And then secondly, they think there's a time of day that's like ideal for crossing a hundred and okay.

I go first. I would pick next wednesday um probably like early afternoon all the family started to come together and you talk about one day or maybe IT happens on thames giving day that might be pretty good too. I don't know that seems like maximum exposure for the for the big number in my minds. So maybe maybe sailors got that in minds and uh, is going to engineer I think he's like selling right now just trying to keep the Price down so you can like get some Better marketing for the hundred gay.

I answer as as soon .

as possible. Yeah.

we did hit a hundred k on C. M. E.

futures. Now that doesn't count. But IT is interesting.

I don't care when .

I just wanted to be when traditional financial markets are closed. I just think that's the most poetic way to pump peer just to illustrate the fact that there's bitcoin and then there's fiat land and they are different and and but I would love for traders, john, uh, your former ilk, to be on the sideline. Hard to argue .

that at anything on with you, the only counterpoint would like the attention of IT, like there would be something kind of nice about at being monday or tuesday morning and then IT just gets covered all day long on C, M, B, C, M, blood. But yeah, I can there's something nice about happening like thanksgiving when people are with their families or on a weekend. It's just like, sorry, can't py the etf, can't can't trade the options. I like that too. Give you an cristini .

nice working .

than us a lot nice work .

chat really helped were about to get a see why would you even put that up? I'm sorry.

Like this is I think this must be jm cramer.

This is like a i've seen this on on twitter like big corinna need to get a crash course in winning me on like this is you can go out there treating all this stuff like h it's going to pull back. What are you going to do? It's gona dump like on every little thing like you're so used to the bear market, you have forgotten what it's like to win and you need to get into a winning mindset.

You need to realize everything's change. This is new, which is you it's time to win. Like it's not none of us like we need to put in pull back forever extended. We're not going to do IT like stop putting that should out there, man. Like it's a it's a good times and we're gona do great. And we've all put years and maybe decades into getting to this moment and don't take away from that by throwing out these kind of like, first of all, that's true and second of all, it's needless like act like you've been here before, you know, act like this was this was inevitable.

Just envision yourself as this absolute hero who has been winning his entire life from the day he was born. He's wheeling the bitcoin sort of holy justice. Guys, this is IT this. This is the get a win.

We're winter is right now. That's us right now. We took this thing.

All of us played a role in taking this thing from nothing, nothing whatsoever to, like, a global force, a political force. The entire arc of U. S.

Politics has been bent to bitcoin the other way around. This is incredible. Like this is incredible.

Let's fucking go. I love IT and is true like this. You are as a big corner.

This is hard. This is hard to hoddle. It's really hard mentally. You got a few tons of research to develop condition.

You have to decide not to sell your bitcoin in every single day and to buy more bitcoin every single day that you do IT right? Um and especially those guide who were early on a man like being able to hold like Mandate. But I used like twenty eleven or twenty ten or something like that.

Hang still hangs out a big coin twitter and is a is an absolute legend like he's very humble. He's he's A I did he's a nice human being and uh that's that's big quinn's like he can you can get I think he's you know i'm sure that he's been happy to make you know makes some money and have some you know investments, retirement all that stuff, but he doesn't like overspend. What he's really in for is you know the cause I really believes the bitcoin can make the world a Better place that's over here.

So be proud of that. Be proud of winning. It's not like you're winning just to like make a bunch of money.

Uh, you're winning because we're in this for a really, really good reason, really, really good causes. So we'll be proud of that. Be proud of each other. We've done IT together.

It's a big deal and you don't need to cheap in that, right? Like it's like this. This for boating joy, this like like being hesitant in the face of like the outcome you've been working towards finally happening like you you can just embarrass.

I think people are afraid of getting disappointed, you know, I think they think if they actually let themselves believe, like this is IT gonna happen, like we've we've made IT here, it's like, no, it's a fear of disappointment. But like this is IT man. Like like we're watching something historic.

Hey, everybody lifting you probably own more bitcoin than the C E. O of Charles shop there there said very good chance that you own more than that guy not sure if you we've seen this. You probably did IT but um and and this is one not like give this guy a little bit of credit because he was not you know being a hater he said I have not bought crypto and now I feel silly in a conservation with with someone so you know that's the C E O of one of the largest program trading platforms in the world um and he is now feeling silly that he owns no bitcoin um so yeah you you're step head that guy .

yeah speaking of corporate a in real time, i'm getting messages in my telegram group for the media apple pick meter in the twin cities message in group so what what i'm getting this screen shots from A A medtronic s towns. All there is a publicly traded uh health health tech mad device company immediate here and you can only guess what the questions are. The town when the going on our baLance sheet, when they point in our four one kid recording to our baLance y to enable a more robust capital preservation strategy. Ah so there are big corners behind enemy lines and ah yeah the deliverance to shes were right up to the top and you learn .

to you see IT we're making another run in IT minty nine, seven.

thirty once pull shirt up .

i'll give one more antic as pretty posit IT up in there IT is where in the ninety nine seven I have a study hoose has become friends with someone who um heads up in R I A and areas could be all different sizes, right? There's massive ones or tighty ones. This guys pretty big. They managed something like ten billion dollars and and he was taxing with him.

My body was taxing with them and the guy basically ly said, yeah, I need to look into this one a little bit more and I think the exact words to use was I need to get my arms around this thing before IT gets further away from me because he's warning this R I S. That his clients have virtually no exposure. Maybe yes, some of these were at like, oh, you didn't in this account, you did IT yourself.

You know he's not allocating his clients money too big calling proactively. Um he hasn't goten that form, but based on what he said before, he gets further away from me that that's the view he's taking in this our managers, ten billion dollars worth for his clients. absolutely.

You know, i'm seeing a there's a guy in the chat. I won't call him out my name because i'm trying to dunk, but he's saying it's just all about money. What are you guys kidding saying it's for a good cause? Yeah and that's not right.

That is not right. If you spend the time with bitcoin, you need to realize that this is something that has systemic impacts. Those systemic impacts change outcomes, right? There are many ways to think of the people obviously talk about people having the freedom to transact in other parts of the world, even in the U. S.

If you can improve economic efficiency by one percent, do you know how much human suffering that averts? The number one driver of the reduction in human suffering globally has been technological and economic expansion. And if you can reduce the distorting effect that seo economics has a net economic productivity, even one percent, you have impacted human well being globally in a tremendously material weight.

So it's not all about money. I just sleep. Many people are in background to make money, and that's fine. But there is that like a real tangible benefit to this this technology and this as yeah I mean.

absolutely he no doubt um I I responded to somebody to witter I think is yesterday I got illershall or so I ve yet to hear a single convincing explanation for what the what use case bitcoin has not one ever right um first of all it's a fixed supply money deflationary over time so it'll kill the ravages, the absolute ravages of inflation around the world.

Starting stem those uh and prevent them from happy again um that makes that much, much harder for a government to run a forever war. Afghani istan would not have run for twenty years. If the government had to increase taxes and sell bonds to fund, never would have happened.

Many such examples right? Um IT enables people to save in the money that cannot be debased again, it's in solving the problem inflation IT. D monetize this, another good example, then not stop IT and d monotones.

Um the real state premium store value premium. So right now, bunch rich people will go. They are trying to find some asset that scarcer than the dollars that are being printed by the trillions, right? Because that that that inflation away, which is an asylum tax on the bottom, ninety percent of of well holders in the united states.

And they buy these houses all been down the coast, big, beautiful houses, thirteen, fourteen, fifty and or something like that, that holds their value, the value of their money over time, wait Better than a dollar does. So all these houses become and this happens all over the country and you know urban housing um you know with apartments and in condos and things like that, they buy at these buildings and the real estate value goes up um and IT makes IT harder, fresh to buy houses so this is a rigged system. All of the money when that the arcs printed goes to a vast majority, will go to the top one percent.

Their wealth increases because they use that free money basically to buy assets that actually hold value over time and increase in value overtype. Well, now we all have access to an asset like that. IT will levels the plane field.

Bitcoin is absolutely a cause, maybe the greatest cause. That's why I am here working on IT, uh, in the world right now, because IT has its such a fundamental part of civilization of our society. If you have poison in the money, inflationary money, IT poisons the entire society.

If is the money is is endemic. So yes, I mean, oh my god, and how can you think it's not? Do some more reading. Check out alex. Glad team to .

start and IT goes IT goes further to in a very specific way that like because the money like like you're saying, because the money itself cannot be held, you have to then take that money and invest in asset. Here's the deal. There's your average construction worker do that with their savings.

The does the average person you know by assets or do they hold whatever money they make in cash? They don't invest. It's the thing where is under a fiel system, every dentist, every construction worker needs to moonlight as a hedge fund manager because the money doesn't hold value.

And even if all knew you had was an option in ing your bank account that you could hold IT in dollars or big point, just a simple monetary alternative, you actually create the ability for a large number of people to save that they wouldn't have. And so like you know, IT IT is tangible. And the last thing on this topic is like in a non inflationary system, when you go to the grocery store and you see a banana, when that Price goes up or that Price goes down, that economic good, the fluctuation in that Price is backed by tangible realities.

Maybe some banana firms burnt down in colombia and the Price went up, or maybe we got Better at shipping bananas and the Price came down, right? But that practicin end data point, all that reflects the fundamental conStellation forces that went into its production in a fiat system. You don't know why that Price changed.

IT could have changed because of fundamental economic reality, is where I could have changed because of money printing. And at a massive scale, this reduces the information contained in capital and economic decisions by alligators. If you can't desert what the market is responding to in the Price of goods and services, you're gona make incremental, less efficient decision. Like I said, even if this is three party, five percent, that will change. You M A change is up.

Have to be, you guys are totally mAiling IT love everything he said. You guys are talking more like conceptual. Like, hey, these are the huge changes that sound, I would say, sound money and breaks about in society.

And you guys nail that if you are. If anyone listening out there wants to see, like, create examples like these people use dickering. And here was the benefit, a Young prisoner co of swan and um wrote the book inventing bitcoin. His S K W P on twitter, go to his twitter and searched the word debunk and you'll find a tweet where he says, well, bitcoin has no use except accusation by tech brows and it's a debug thread and he just post example after example of these people use the coin and they got these tangible benefits from IT he's been adding to IT since .

twenty twenty yeah .

checked that out and he has a glad team video in there from this year. There was glad sea speaking at a conference or like a two forty five minutes or something. And glad scene talk was also incredible.

So I mean, this is like, you know just directly refuse anyone who says that, oh, this is just a token in that goes up in Price. It's like no very much now. Also guys has .

come on here. We're talking about IT. Hey, is Stevens comment like hey, you got to be a part time investor after your constructive worker job in by S M P, just to preserve some car.

Next U S. Capital markets, which I saw that which was around like forty percent maybe, of global capital markets, john, you may know. And so what? Three, four hundred million people have access to almost half the capital markets.

Where are the other seven point? Whatever billion people buy. Well, through an developing country, you buy bricks as your store value.

What if we can give every single person in the world a store value? Acid in their pocket? That's pretty powerful.

Rough numbers. This is a love, a dated, but I figure have changed that after much the U. S.

On stock market capitalization with something like sixty percent of global stock market opposition of despite the fact that the U S G D P is only like twenty twenty five percent of global GDP. And in population wise, I think my fact near the U S. Is like three to four percent of global populations, something like that.

So very unbaLanced. And yeah telling telling someone that losing to developing in country, oh, just by Q Q Q how it's like they they can do that. That's not a possibility.

But see, pulled up doing some math. I mora mora, who we talked to bit to beginning of us, just announced that they have required so far five thousand, seven hundreds, seven one big coins that I ve deployed, five hundred fifty million dollars of the one billion dollar convertible note they didn't say so far. So i'm assuming there's more coming with mara. It's a um they made you some of africa a purposes, but I think they're still buying with that. And obviously, sailor is also in the market with his three.

Billion.

about a hundred cape party. And I thought he said he was like gone to be around new years. So did right or right? Didn't he say something like that? A new yeah. He said he's looking at new years. Eve is finding .

my key neko giving .

you you got to update your time in there. I don't think he's trying to nail IT on the exact day that IT breaks one hundred and but yeah so I we've got so I think it's more like five weeks got five weeks to cross a hundred k to make the otherwise the parties just too early and you can do that. That's thing that just .

something to work cross on the guys not .

really okay.

We do still. It's at an hour. Um I don't think we quite got IT over the land. We ve got to like nine, nine.

eight so close then I want to love the artifact. You know what I mean in on the record or when that happened?

Yeah, IT would have been really nice. Um well, we are going to do or image do a show next friday, the day after thanksgiving. So we'll head into the virtual studio N D here to hang with you guys. Hopefully will be at one hundred k by then. Um and there will be there will be plenty more to talk about, will talk about what we're thankful for.

Um obviously he will be a unit ous choice um but I think think of some other things that we've found to be thankful for over our a seventy plus years uh in this space um and maybe will have fun well like pull up some of our like best performing tweet and see what they are do some do some means have a little fun so let's see you next friday for that. Um want to think mara for supporting the show and like respect and cheers on the a acquisition of fifty seven hundred big coin that is amazing um they are the largest public bitcoin minter, uh, thanks them again for sporting show. Um they help make the bitcoin network the most secure and decentralized monetary system in the world the world has ever known a so thanks to them. Uh, gentleman, any final words before we had out.

I have a question for Steven. Steven, how many calls from O, T, C, that's just begging for bitcoin? Did you get in the past hour?

They're so hungry for coins, john, they are running out of coins that really desperate. They're just saying, um, we have no more coins. You please send us your coins.

What do you have? Knocked on Steve in the door. They sent him to his house physically and said, third, you have any big coin here.

Story home draw. And I was up on the second floridian as a dude hanging in front of my window. Just trying to get me please give some liquidity to .

the ot of he's like i'll walk twenty thousand steps with you today if I can get some liquidity.

They're desperate, man. They're desperate. This is what a fixed supply asset does to guys.

How many steps to G, K. Yesterday, like thirty cag, I got twenty two.

It's actually been like because we're in the ball market. And so I am among so many calls all day with clients and it's just like this pace. I just pace, yeah, yeah.

So you get a lot of IT indoors, you just walking around or in your backyard, outdoors.

indoors, both. But like it's out of the more could the busy year I am at work actually, the more steps like which know bless the make that nature my work calls. So that's why that happens. But IT, literally i've measured that it's like when he gets really busy around here and there's tons of clients calling that is my highest step counts.

Do you have like A A warm trail in your backyard from working? I do.

Yeah there's a you circle around my mango try I dig mango tree in the backyard. There's like a litter circle around IT.

It's absent anything from you, Brandon, before a jump.

Yeah, just make sure when you get together with your family on this thanksgiving that you very kindly open up their kitchen covers and find in all their sea oils and put that directly in the trash. And I I recommend bringing some beach tello in a nice glass jar in placing IT there as a replacement. If you don't have tell, uh, proper oil boil will do the trick and uh, step by step, we will together make amErica healthy again.

I do not have sea oilers in my house, although we we still consume sea the oilers when you go out in its such a 这个 but eventually there's a gluten free is available pretty widely。 Now maybe we'll get A C oil free.

I don't know, man. It's coming. It's coming are .

a huge thing for restaurants very hard.

You don't .

need to be perfect, just cook your own food eight, nine PS and the time .

and flash too much.

That's from what i'm gonna have. The you guys don't have is florida is removing all the florida from the water, the first state to do IT. They're not even waiting for nice. I get another florida win or wrap in them up.

then florida on fire. There's a florida, florida and mean .

more than for there where you .

up up blue sky, get a little taste to over the other day, and about twenty five percent of the messages there were discussing strategies and how to ensure you can continue floridity your water.

Yeah.

when he get away from from the main war party, you got to get out how to get IT in all you know right when IT .

comes in your house there are stockpile floride my .

god OK I have a water filter um that has four red you know part to a to remove floride um so know there's going to be people who have the opposite at like puts florida .

back to what tid mister had a hilarious take on this he goes x is bitcoin blue sky is bitcoin .

catch yeah yeah .

that's amazing .

our gents um we'll see you here next friday and I hope you all have a wonderful thanksgiving of everybody watching right now has a wonderful thanksgiving. This is record high for concurrent live yours so thanks for come to join us for forty five hundred people in high per big coin to record for bitcoin. Ah sit down at lower ninety nine right now but still there.

It's gonna a little bit longer to punch to that wall. We will get there. And then it's just A A blue sky. I bring IT after that. Uh, you can catch this a show live on youtube also on on a twitter x um must spot and he .

that so good and part of that is a and then small signal .

podcast outcome to get the audio podcast, just search small signal in your podcast APP. So thanks again for joining us. We do this every friday just hanging out with the boy stock in bitcoin.

Uh, thanks again for joining us. We're going to close out with a fun sone ahead. IT is. The .

future, here I come show max does no turning back now. OK do I have everything I need? Duct tape check.

Swiss army. Ki, check. Chapstick check. Money, money? Oh, no.

What kind of money do they even use in the future? And what? Who are you traveling to? the? Yes, excEllent idea.

The future is bright indeed. You are, however, in some money. Look, I don't know who are, but I got ta get moving.

Security will be here in just a few minutes. Ended a few minutes is just about all you need to get some bitcoin with the swan APP. Bitcoin， I did not think of that pass. Imagine how much it'll be worth in the .

future and done OK time ago.

Thanks one. My pleasure .

a bit going with a sone APP before travelling to your.

For your time with tell me sunset metal workers what that will help what we think what not what for. Well.

very honest. What way did you?