1 00:00:00,000 --> 00:00:08,460 good afternoon bitcoiners happy new year happy new year 26 wow off to a bang it's been a long 2 00:00:08,460 --> 00:00:15,860 year already yeah right a lot's happened yeah yeah it's intense how was your uh new year's 3 00:00:15,860 --> 00:00:21,340 otherwise it was awesome yeah it was great got to do some fishing uh still eating leftovers 4 00:00:21,340 --> 00:00:26,660 might have cleaned that out at lunch today i think it kept almost all gone finally oh yeah 5 00:00:26,660 --> 00:00:27,820 That was a special meal. 6 00:00:28,440 --> 00:00:28,900 Yeah, man. 7 00:00:29,180 --> 00:00:30,100 It's always a special meal. 8 00:00:30,180 --> 00:00:30,360 Okay. 9 00:00:30,540 --> 00:00:31,180 What did you have? 10 00:00:31,900 --> 00:00:33,080 God, that was a while ago. 11 00:00:33,620 --> 00:00:34,460 We had a bunch of stuff. 12 00:00:34,900 --> 00:00:37,580 I made this crazy squash dish on my own. 13 00:00:37,960 --> 00:00:43,420 Bunch of acorn squash, mashed it up, roasted garlic, olive oil, salt, pepper, 14 00:00:44,120 --> 00:00:50,960 and then covered it in roasted salted pecans and pumpkin seeds and pomegranate. 15 00:00:51,320 --> 00:00:52,140 Fresh pomegranate. 16 00:00:52,520 --> 00:00:53,220 Sounds great. 17 00:00:53,240 --> 00:00:53,920 It was fire. 18 00:00:54,320 --> 00:00:54,680 Okay. 19 00:00:54,900 --> 00:00:55,300 All right. 20 00:00:55,300 --> 00:00:56,540 I don't know if it's my cup of tea. 21 00:00:56,660 --> 00:00:57,340 It was awesome. 22 00:00:57,580 --> 00:00:59,620 And then the leftovers of it, I've made muffins of. 23 00:01:00,560 --> 00:01:00,960 Woo-hoo! 24 00:01:01,160 --> 00:01:02,720 I just finished those off for lunch today. 25 00:01:02,880 --> 00:01:04,160 Have you been news fasting? 26 00:01:05,280 --> 00:01:05,780 Kind of. 27 00:01:05,960 --> 00:01:08,260 No, well, I mean, I don't know. 28 00:01:08,700 --> 00:01:11,960 I'm just generally slowing down my social media activity. 29 00:01:12,880 --> 00:01:17,480 So what did you make at the news on, what was it, Saturday morning? 30 00:01:18,340 --> 00:01:19,300 What news was that? 31 00:01:19,340 --> 00:01:19,660 Venezuela. 32 00:01:21,260 --> 00:01:23,660 I mean, we've been seeing that coming. 33 00:01:23,820 --> 00:01:25,760 I just didn't know when it was going to happen. 34 00:01:25,760 --> 00:01:26,860 Were you following this? 35 00:01:26,860 --> 00:01:29,640 Yeah, we had all of our military parked off the shores. 36 00:01:29,800 --> 00:01:30,920 We confiscated a couple ships. 37 00:01:31,060 --> 00:01:34,120 We took some oil tankers. 38 00:01:34,280 --> 00:01:35,120 Shot some boats. 39 00:01:35,420 --> 00:01:35,740 Killed a lot of people. 40 00:01:35,740 --> 00:01:40,940 We have a couple Venezuelan, a few Venezuelan employees that were like, 41 00:01:41,000 --> 00:01:43,360 finally, let's get this thing done. 42 00:01:44,420 --> 00:01:46,800 They're very excited about it. 43 00:01:46,800 --> 00:01:55,560 Um, you know, and yeah, I think what's now emerging is that there was so many, uh, reasons 44 00:01:55,560 --> 00:02:01,160 for this to take place in regards to the Trump, Trump doctrine or the renewed Monroe doctrine 45 00:02:01,160 --> 00:02:07,720 and all the other assets that have been seized, uh, and, or, and, or maybe even potentially 46 00:02:07,720 --> 00:02:08,740 seized with Bitcoin. 47 00:02:09,200 --> 00:02:15,260 Um, so it's interesting, you know, we're, uh, we're definitely going to try and lock 48 00:02:15,260 --> 00:02:20,980 down the western hemisphere i guess cuba's next then our good friends to the north maybe 49 00:02:20,980 --> 00:02:29,780 greenland uh colombia panama canal but you weren't shocked bought argentina's rare earths so 50 00:02:29,780 --> 00:02:37,700 i mean like i did the entire world is reorganizing in a multipolar fashion uh and the first the first 51 00:02:37,700 --> 00:02:45,640 move is seize as many assets as you can. If, you know, if Europe is, is dying and the Eurodollar 52 00:02:45,640 --> 00:02:54,980 system is shrinking, then our GSIBs need assets to collateralize. They need, they need new territories 53 00:02:54,980 --> 00:03:01,440 to, to conquer. Right. So what are the assets that are gained? I mean, obviously, yeah, obviously 54 00:03:01,440 --> 00:03:09,660 the oil, obviously rare earths. I mean, I guess I'm looking at like, you know, we manipulated 55 00:03:09,660 --> 00:03:15,600 Latin America for many, many decades to get fruit when it was out of season in the United States, 56 00:03:15,680 --> 00:03:21,540 right? Like, I mean, that was like, and to get access to agriculture and, and things on a seasonal 57 00:03:21,540 --> 00:03:31,280 basis. And now it's, it's transitioning to either, you know, install a US friendly government 58 00:03:31,280 --> 00:03:34,840 or we might just take it. 59 00:03:35,980 --> 00:03:39,000 And or, you know, because the United States 60 00:03:39,000 --> 00:03:44,000 wants to build a vertically integrated system 61 00:03:44,000 --> 00:03:46,200 across the Americas, I believe. 62 00:03:46,820 --> 00:03:47,120 All right. 63 00:03:47,200 --> 00:03:48,420 Well, let's keep going here. 64 00:03:48,520 --> 00:03:49,820 I mean, Venezuela is the second topic. 65 00:03:50,040 --> 00:03:54,860 So do you think that this is going to be 66 00:03:54,860 --> 00:03:57,840 sort of more like an Iraq and or Libya 67 00:03:57,840 --> 00:04:05,680 or is this sort of more tame and just a transfer of power that we approve of? 68 00:04:06,140 --> 00:04:08,180 Yeah, I think it's a transfer of power that we approve of. 69 00:04:08,560 --> 00:04:14,880 Do you think that we weren't running the Maduro regime or affiliated to Shabba through the CIA? 70 00:04:15,400 --> 00:04:16,980 I think so. Yeah, I believe so. 71 00:04:17,100 --> 00:04:19,840 Do you think that this was Maduro going willingly or unwillingly? 72 00:04:20,440 --> 00:04:24,700 I mean, unwillingly or maybe sort of some sort of transaction? 73 00:04:24,700 --> 00:04:51,000 Well, look, I don't know, but if you sort of looked at all the information that we have, you would say, okay, there are parties within our central intelligence agency that are maybe working for a global agenda versus a national agenda. 74 00:04:51,000 --> 00:05:09,840 And if that global agenda was related to immigration, drug dealing for funding, sex trafficking, potentially flipping with Dominion, potentially flipping elections. 75 00:05:09,840 --> 00:05:26,780 If there was a control structure and this was a safe haven for them to operate out of, then flipping the regime there to a more U.S.-friendly leadership will put pressure on the globalists. 76 00:05:26,800 --> 00:05:30,720 It will put pressure on the globalists and Europe because that's where they're stationed. 77 00:05:30,720 --> 00:05:40,840 And I heard that some of the Dominion offices were actually housed in Soros buildings that he owns in different parts of the world. 78 00:05:42,540 --> 00:05:46,280 So you can just sort of see the globalist connections with the drug trade. 79 00:05:46,280 --> 00:05:54,940 So if that's being taken out, number one, you've sort of pinched financial infrastructure for the globalist. 80 00:05:54,940 --> 00:06:01,540 you have a narrative that supports that because you're taking out the drug trade that even though 81 00:06:01,540 --> 00:06:05,120 they're probably supported by our own internal government so maybe you're taking out 82 00:06:05,120 --> 00:06:09,780 people within our you know that are anti-american within the american system 83 00:06:09,780 --> 00:06:17,220 um and you've got oil right if you're going if your goal is to fix the government balance sheet 84 00:06:17,220 --> 00:06:22,080 then you need to run inflation if you want to offset that monetary and asset inflation you want 85 00:06:22,080 --> 00:06:27,560 to have cheap oil so there's another check in the box right you're trying to build a bitcoin 86 00:06:27,560 --> 00:06:32,900 strategic reserve and you can acquire 60 billion worth of bitcoin there's a check in the box 87 00:06:32,900 --> 00:06:37,780 right it goes on and on and on and on with all these different things with the rare earths and 88 00:06:37,780 --> 00:06:44,880 then simultaneously you're seeing jp morgan is is now done something with a smelter uh to process 89 00:06:44,880 --> 00:06:53,500 rare earths. And it sort of puts everybody else on warning like, hey, look, now my trade 90 00:06:53,500 --> 00:06:59,760 negotiations seem a lot more relevant. Like maybe you do want to pay tariffs and be friendly with 91 00:06:59,760 --> 00:07:04,980 us because there's a stick behind the carrot. And I'm not saying this is right or wrong or 92 00:07:04,980 --> 00:07:09,080 indifferent. I'm just saying this looks like what's happening and will continue to happen 93 00:07:09,080 --> 00:07:15,040 throughout 2026. You've also put China on warning. Hey, China, you were getting oil from Venezuela. 94 00:07:16,200 --> 00:07:22,000 You're getting oil from Iran. We just did 12 days of bombing in Iran. We just took Venezuela. 95 00:07:23,040 --> 00:07:29,220 Maybe you want to like leave our part of the pond alone. And by the way, in April, let's have 96 00:07:29,220 --> 00:07:37,240 another talk. So it's sort of like a pretty significant chess move in order for him to push 97 00:07:37,240 --> 00:07:38,960 all the different agendas he's trying to push. 98 00:07:39,960 --> 00:07:42,640 What if you maybe take the other side of the coin 99 00:07:42,640 --> 00:07:45,180 and you say, well, this is a country without a central bank 100 00:07:45,180 --> 00:07:47,400 or without a Rothschild central bank. 101 00:07:47,960 --> 00:07:49,900 Iran's also an ally who doesn't, 102 00:07:50,000 --> 00:07:51,800 I mean, this is maybe weakening their ability 103 00:07:51,800 --> 00:07:54,760 to resist maybe central banking. 104 00:07:55,180 --> 00:07:55,620 Sure. 105 00:07:56,080 --> 00:07:58,320 And maybe there's other undercurrents here. 106 00:07:59,160 --> 00:08:00,660 And I don't think that Venezuela 107 00:08:00,660 --> 00:08:04,480 is a large supplier of drugs to America. 108 00:08:04,620 --> 00:08:06,760 I think it's like 1% of what drugs 109 00:08:06,760 --> 00:08:13,640 are actually coming in right and maybe it's us you know continuing sort of like well we had a lot of 110 00:08:13,640 --> 00:08:20,640 uh illegal immigration or lax border control we let a lot of people in from this particular country 111 00:08:20,640 --> 00:08:27,260 and uh maybe we shouldn't have but now we we kind of actually have to let them stay because they 112 00:08:27,260 --> 00:08:35,400 can't go back so and we're causing more problems and we get to install people favorable to us and 113 00:08:35,400 --> 00:08:40,000 maybe it's not about, and maybe Maduro is a willing partner through all this, or at least, 114 00:08:40,000 --> 00:08:45,000 you know, he said, Hey, I don't want the Gaddafi exit, but you can exile me and I, 115 00:08:45,140 --> 00:08:50,760 you transfer people to transfer power to my people anyway. Maybe things don't really change 116 00:08:50,760 --> 00:08:54,020 on the ground. I'm just playing devil's advocate. A hundred percent. And this is all like, 117 00:08:54,080 --> 00:08:58,540 this is all potentials. I think the only thing that we do know is that we know what the narrative 118 00:08:58,540 --> 00:09:04,340 is. Right. And that narrative sets up a game plan for the rest of 2026. The narrative is 119 00:09:04,340 --> 00:09:10,620 uh narco terrorism right it's not it's not the war on drugs anymore it's a war on terrorism now 120 00:09:10,620 --> 00:09:18,840 and that that begets a lot more uh military uh might that begets a lot a lot more uh 121 00:09:18,840 --> 00:09:24,220 executive order power and all these other things that come with it so this is a now become a fight 122 00:09:24,220 --> 00:09:33,280 on narco terrorist and that puts leaders of countries like mexico and others that have 123 00:09:33,280 --> 00:09:39,060 kept a porous border, have potentially helped the corruption and the drug trade, etc. 124 00:09:39,320 --> 00:09:43,420 It might be in bed with them. And I'm not saying we're not either, right? I mean, 125 00:09:43,480 --> 00:09:47,300 it's fully documented that the CIA has been involved in these operations as well. 126 00:09:47,300 --> 00:09:51,820 But at least it puts everybody who's involved in that operation on some sort of warning. 127 00:09:52,520 --> 00:09:57,680 Like either you're playing ball, you're going to help us restructure the 128 00:09:57,680 --> 00:10:07,260 multipolar world in a fashion that we want, or you could see some significant force in your region. 129 00:10:08,260 --> 00:10:11,040 And so that's a big message. That's why I say it's like a chess move. 130 00:10:12,020 --> 00:10:17,500 And you could focus on whatever part of it is. I think it checks a lot of boxes for his agenda 131 00:10:17,500 --> 00:10:26,800 and creates a lot of disruption around the world, right? That disruption is 132 00:10:26,800 --> 00:10:29,360 I think super significant 133 00:10:29,360 --> 00:10:30,680 because it's going to break 134 00:10:30,680 --> 00:10:33,740 it has the potential to significantly 135 00:10:33,740 --> 00:10:36,000 break the globalist 136 00:10:36,000 --> 00:10:36,420 agenda 137 00:10:36,420 --> 00:10:39,640 if anything 138 00:10:39,640 --> 00:10:41,800 not to say that they're just going to roll over 139 00:10:41,800 --> 00:10:43,840 but it is sort of 140 00:10:43,840 --> 00:10:45,700 the signal of like we are now at war 141 00:10:45,700 --> 00:10:47,060 against the globalist agenda 142 00:10:47,060 --> 00:10:48,440 we're going to cut off funding 143 00:10:48,440 --> 00:10:51,760 and we're going to try and restructure this thing 144 00:10:51,760 --> 00:10:53,600 and look 145 00:10:53,600 --> 00:10:54,240 I'm not 146 00:10:54,240 --> 00:11:00,620 I do believe, too, that at the end of all this, it ends up being once the world order is destroyed, 147 00:11:01,460 --> 00:11:05,440 now they're going to put in the order they want, which is not going to be great either. 148 00:11:05,520 --> 00:11:07,420 We're going to have to fight that fight down the road. 149 00:11:08,160 --> 00:11:12,860 Tom Luongo always says, you know, we're going to fight the fight where we have to fight now, 150 00:11:12,880 --> 00:11:14,420 and then we'll worry about that down the road. 151 00:11:15,600 --> 00:11:18,780 So, but yeah, just this is where we're at. 152 00:11:19,300 --> 00:11:20,420 Yeah, I agree. 153 00:11:21,140 --> 00:11:23,080 We'll roll the intro after this. 154 00:11:23,080 --> 00:11:25,180 I want to read this Dave Colm quote, and then we'll get into the show. 155 00:11:25,700 --> 00:11:27,420 So what am I missing about Venezuela? 156 00:11:27,740 --> 00:11:30,900 One, it's not about oil per se, but about the petrodollar. 157 00:11:31,340 --> 00:11:33,360 Two, the cigar boats were largely bullshit. 158 00:11:33,760 --> 00:11:37,260 Three, probably a summoned Murrow doctrine 2.0 component. 159 00:11:37,680 --> 00:11:42,200 Four, we captured Maduro because he realized it was better than getting a knife up the ass like Gaddafi. 160 00:11:42,780 --> 00:11:46,380 Five, it is a made-for-TV story to make it look especially civilized. 161 00:11:46,960 --> 00:11:51,200 Six, most of the stories are pure propaganda, although littered with some facts. 162 00:11:51,200 --> 00:11:52,700 I mean, we got in there. 163 00:11:52,820 --> 00:11:57,900 I guess we killed some people, but like we got into a secret final compartment room. 164 00:11:58,140 --> 00:12:02,200 We beat the Russian missiles, the Chinese radar, the Iranian drones. 165 00:12:03,140 --> 00:12:03,620 That's all. 166 00:12:04,200 --> 00:12:09,420 The probably his loyal police force somehow didn't shoot him before we got him. 167 00:12:10,120 --> 00:12:11,840 We bring him and his wife back. 168 00:12:11,900 --> 00:12:17,260 He's given thumbs up wearing Patriot blue origin sweatshirts about the revolutionaries. 169 00:12:17,360 --> 00:12:19,520 I don't know if you heard this story about the gear. 170 00:12:19,520 --> 00:12:21,780 I will get into all that and more. 171 00:12:22,780 --> 00:12:23,940 Are you not entertained? 172 00:12:24,460 --> 00:12:29,860 Welcome back to Bitcoin Center live stream number 35 at our new time brought to you by 173 00:12:29,860 --> 00:12:30,460 Byte Federal. 174 00:12:30,940 --> 00:12:41,359 Check out Byte Federal Bitcoin ATMs point of sale and Bitcoin wallet Take self and go bank yourself My name is Cedric Youngelman Paul Tarantino Let get into it 175 00:12:41,459 --> 00:12:41,819 Let's do it. 176 00:12:42,199 --> 00:12:43,179 Hit like and subscribe. 177 00:12:53,199 --> 00:12:54,679 Let's be real, right? 178 00:12:54,839 --> 00:12:57,559 Praising Telegram for launching a Bitcoin wallet. 179 00:12:57,559 --> 00:13:00,639 I've always felt like with Haley. 180 00:13:00,799 --> 00:13:03,739 Bitcoin, this digital currency that's out there 181 00:13:03,739 --> 00:13:06,499 that people say, oh, it might be the next big thing. 182 00:13:06,719 --> 00:13:07,379 What do you think? 183 00:13:07,859 --> 00:13:08,939 I think it's rat poison. 184 00:13:09,699 --> 00:13:10,139 Bitcoins. 185 00:13:10,299 --> 00:13:11,599 You never heard of them a few weeks ago? 186 00:13:11,819 --> 00:13:13,399 Now everybody's talking about them. 187 00:13:13,559 --> 00:13:14,659 But is it a currency? 188 00:13:14,939 --> 00:13:15,419 I don't know. 189 00:13:15,619 --> 00:13:16,919 Or is it more like a stock? 190 00:13:17,119 --> 00:13:18,519 Or is it a tulip bowl? 191 00:13:18,639 --> 00:13:19,959 Or is it just stupid? 192 00:13:20,179 --> 00:13:21,859 To me, it smells like Ponzi scheme 193 00:13:21,859 --> 00:13:23,379 and the greater pool theory writing. 194 00:13:23,379 --> 00:13:26,219 You do like five minutes of freaking research. 195 00:13:26,219 --> 00:13:28,019 Well, thanks for coming to my set talk. 196 00:13:28,219 --> 00:13:28,499 Yes. 197 00:13:29,319 --> 00:13:30,319 Don't buy shit. 198 00:13:30,619 --> 00:13:31,999 Oh, man, I didn't get that wrong. 199 00:13:32,099 --> 00:13:32,479 All right. 200 00:13:33,419 --> 00:13:34,859 Bitcoin's recent rally. 201 00:13:35,019 --> 00:13:35,539 Do you agree? 202 00:13:35,639 --> 00:13:36,859 Is crypto finally dead? 203 00:13:36,979 --> 00:13:37,699 Go to the next one. 204 00:13:37,839 --> 00:13:40,019 Matter of fact, they're kind of in the Ethernet. 205 00:13:40,279 --> 00:13:40,959 What are they? 206 00:13:40,999 --> 00:13:44,719 Some rumors that it's a Japanese guy, but they know that he's a fake name. 207 00:13:44,779 --> 00:13:45,559 It was a pseudonym. 208 00:13:45,879 --> 00:13:49,979 I mean, you're literally putting real money onto a system that we don't even know who created it. 209 00:13:50,059 --> 00:13:51,079 It will come to a bad ending. 210 00:13:51,459 --> 00:13:53,719 Is this the most exciting bull run ever? 211 00:13:54,159 --> 00:13:55,119 Not for me. 212 00:13:55,119 --> 00:13:56,459 No, it's not. 213 00:14:05,559 --> 00:14:12,099 Welcome to Bitcoin Center, the fast-paced show where the debate is the story. 214 00:14:12,099 --> 00:14:29,019 Many Americans are unaware that behind the scenes the technical backbone of the financial system is decades out of date. 215 00:14:29,019 --> 00:14:33,559 Many, many years out of date. You know that. Paul and others are straightening it out. 216 00:14:33,699 --> 00:14:38,319 But payments and money transfers are costly and take days or even weeks to clear. 217 00:14:38,319 --> 00:14:46,379 under this bill the entire ancient system will be eligible for a 21st century upgrade using the 218 00:14:46,379 --> 00:14:52,459 state-of-the-art crypto technology that at some point in the not too distant future you won't even 219 00:14:52,459 --> 00:14:58,679 have income tax to pay because the money would take it in is so great it's so enormous that 220 00:14:58,679 --> 00:15:04,359 you're not going to have income tax to pay all right dude first question by the way it was nice 221 00:15:04,359 --> 00:15:12,259 to trump to give me a shout out um so do you think that uh this is a serious plan to redesign 222 00:15:12,259 --> 00:15:19,499 the u.s financial system or a narrative shift to focus away or to focus get the focus away from 223 00:15:19,499 --> 00:15:25,999 hard questions around affordability and inflation oh this is a massive overhaul redesign you think 224 00:15:25,999 --> 00:15:32,579 that's really coming i think attack use the word attack i do and because i think there is a bit of 225 00:15:32,579 --> 00:15:40,199 a battle over turf here and how things will play out uh with with the integration of a new system 226 00:15:40,199 --> 00:15:46,239 whether it takes over or they try to overhaul the old system but i mean it is an ancient archaic 227 00:15:46,239 --> 00:15:52,479 system that that we're using and uh i think the amount we've seen in the last 12 months 228 00:15:52,479 --> 00:16:01,679 push towards stable coins and crypto overall excluding bitcoin yes that's dramatic just to 229 00:16:01,679 --> 00:16:06,819 a show there and day about this and i think i don't think we would have seen one-tenth the 230 00:16:06,819 --> 00:16:12,599 amount of progress under uh harris biden administration that we've seen towards financial 231 00:16:12,599 --> 00:16:21,059 surveillance and cbdcs so from your perspective moving the financial system on chain is for more 232 00:16:21,059 --> 00:16:27,899 control absolutely by the centralized parties yes and do you how how serious are you do you 233 00:16:27,899 --> 00:16:35,039 think he is about this uh irs income tax removal i don't yeah and i think if anything it's a lift 234 00:16:35,039 --> 00:16:40,379 and shift i think you would just get taxed in a different way right and maybe that's not that has 235 00:16:40,379 --> 00:16:46,859 some pros and cons and some some real pros or maybe income tax goes away for a certain level 236 00:16:46,859 --> 00:16:54,179 i mean i saw a number being thrown around that the united states government collects around 2.4 237 00:16:54,179 --> 00:17:00,519 to six trillion i think in income tax that's not total gross receipts and obviously we even spend 238 00:17:00,519 --> 00:17:10,019 more than the total gross receipts but 2.5 in income tax and 1.4 to 6 is fraud the the outlays 239 00:17:10,019 --> 00:17:16,959 the expenditures of government expenditures so there was like 90 of the people could not be 240 00:17:16,959 --> 00:17:23,299 paying taxes you could say no taxes if we eliminated the fraud we we could have no taxes 241 00:17:23,299 --> 00:17:25,199 for people making less than $500,000. 242 00:17:25,779 --> 00:17:27,899 There's just so much room here. 243 00:17:28,419 --> 00:17:31,619 But no, I don't see any of this actually necessarily... 244 00:17:31,619 --> 00:17:32,379 Being that simple. 245 00:17:32,719 --> 00:17:36,479 Being that simple and that beneficiary to us, beneficial to us. 246 00:17:36,939 --> 00:17:39,159 But I do see massive changes. 247 00:17:39,519 --> 00:17:41,499 I could see income tax going away. 248 00:17:41,939 --> 00:17:43,539 That doesn't mean taxes are going away 249 00:17:43,539 --> 00:17:45,819 or that your total tax bill is going down. 250 00:17:45,819 --> 00:17:47,159 It's probably going up. 251 00:17:47,299 --> 00:17:50,239 And if everything does move on chain, 252 00:17:50,239 --> 00:17:55,219 there's this serious potential that it just gets taken right because i don't think it's actually 253 00:17:55,219 --> 00:18:01,199 decentralized right chains that this is moving to right so i think this is about seizures and 254 00:18:01,199 --> 00:18:07,059 sensors there might be some some benefits to the consumer around maybe uh transparency 255 00:18:07,059 --> 00:18:13,479 which i i don't think is actually going to happen for the end user but i think that's the maybe the 256 00:18:13,479 --> 00:18:19,879 only benefit right maybe some speed and some yes uh some cost reductions but i don't think that's 257 00:18:19,879 --> 00:18:24,699 can be shared with the consumer either i totally agree to me it's like you know this whole move to 258 00:18:24,699 --> 00:18:31,199 create um carbon credits which were essentially just another asset that they could trade that 259 00:18:31,199 --> 00:18:37,399 they could tax that they could get tax benefits from vice versa creates a whole new market this 260 00:18:37,399 --> 00:18:42,379 moving everything on chain is going to create and i think we're going to talk about this with jamie 261 00:18:42,379 --> 00:18:48,899 diamond too a little bit but it's going to create a whole new uh paradigm of assets that they can 262 00:18:48,899 --> 00:18:57,179 now be involved in sure making markets in taxing through capital gains trading activities financing 263 00:18:57,179 --> 00:19:04,179 activities i think it's going to be there's a big push for these g-subs to to get more assets to have 264 00:19:04,179 --> 00:19:09,559 more collateral in the system to get more things to trade to get bigger more markets um and yeah 265 00:19:09,559 --> 00:19:15,759 and and i think at best maybe uh some lower income earners i think five hundred thousand dollars in 266 00:19:15,759 --> 00:19:22,539 income is probably too high but you know maybe the like families earning under 120 maybe no tax 267 00:19:22,539 --> 00:19:28,199 something like that but i i have i find it hard to believe but we'll see yeah i think there's gonna 268 00:19:28,199 --> 00:19:34,579 be a lot of debt creation and wealth extraction through resource natural resources being tokenized 269 00:19:34,579 --> 00:19:40,599 yeah so they'll say something like the the reserves in venezuela are worth around 20 trillion dollars 270 00:19:40,599 --> 00:19:48,359 or 17 trillion dollars but very little that is extractable and usable and saleable uh now right 271 00:19:48,359 --> 00:19:54,879 but they'll say if you tokenize it but it goes further than this goes right to uh bukele's uh 272 00:19:54,879 --> 00:20:04,139 crypto um legislation not his bitcoin legislation his crypto legislation where they're very pro 273 00:20:04,139 --> 00:20:08,859 and they have no tax on tokenized real world assets. 274 00:20:09,479 --> 00:20:11,439 And so they're incentivizing wealthy people 275 00:20:11,439 --> 00:20:15,579 to tokenize these assets that they own in the country 276 00:20:15,579 --> 00:20:17,519 because then they could trade them, 277 00:20:18,459 --> 00:20:21,559 basically create liquidity without taxation. 278 00:20:23,719 --> 00:20:26,759 And I know we've talked about this a few times 279 00:20:26,759 --> 00:20:29,559 where maybe there's something going on in El Salvador 280 00:20:29,559 --> 00:20:31,659 where it's kind of like a template for the future 281 00:20:31,659 --> 00:20:33,699 where they're floating new ideas 282 00:20:33,699 --> 00:20:35,299 and seeing what works. 283 00:20:35,999 --> 00:20:37,319 And this could be, 284 00:20:37,599 --> 00:20:39,479 we could be moving to something similar. 285 00:20:39,759 --> 00:20:41,599 Yeah, so I think Venezuela is going to be 286 00:20:41,599 --> 00:20:43,759 the larger test bet for everything 287 00:20:43,759 --> 00:20:46,779 that's been happening in El Salvador and Argentina. 288 00:20:47,399 --> 00:20:47,759 Possibly, yeah. 289 00:20:48,079 --> 00:20:50,999 And more at scale and more things, 290 00:20:51,139 --> 00:20:53,139 I think more wealth to be extracted directly 291 00:20:53,139 --> 00:20:55,719 from the local economy. 292 00:20:56,219 --> 00:20:57,999 But I think rainforests are going to be... 293 00:20:57,999 --> 00:20:59,219 What if they tokenize oil production? 294 00:20:59,219 --> 00:21:00,899 They're going to tokenize rainforests. 295 00:21:00,939 --> 00:21:01,439 Right, yeah. 296 00:21:01,699 --> 00:21:02,739 It's going to go beyond oil. 297 00:21:02,739 --> 00:21:03,979 Oil makes sense to people. 298 00:21:04,379 --> 00:21:08,359 Oh, the oil's there, and we can't use it right now, but it's there. 299 00:21:08,459 --> 00:21:10,239 Yeah, we can tokenize it to raise the money. 300 00:21:10,479 --> 00:21:14,259 So why can't you tokenize the minerals that we've extracted from the rainforest? 301 00:21:14,539 --> 00:21:15,339 That's what they want to do. 302 00:21:15,459 --> 00:21:15,959 100%. 303 00:21:15,959 --> 00:21:16,339 I agree. 304 00:21:17,339 --> 00:21:17,779 All right. 305 00:21:17,819 --> 00:21:19,539 Well, the next question is on Venezuela. 306 00:21:19,659 --> 00:21:21,339 We've kind of talked about this in the intro. 307 00:21:21,479 --> 00:21:22,779 I don't know if you have anything else to add there. 308 00:21:22,979 --> 00:21:25,239 Well, yeah, I think there's a lot to be talked about here. 309 00:21:25,439 --> 00:21:26,939 I mean, one, is it real? 310 00:21:26,939 --> 00:21:28,199 You want to play a clip? 311 00:21:28,999 --> 00:21:29,879 Yeah, I'm sorry about that. 312 00:21:29,879 --> 00:21:30,179 Let's go. 313 00:21:30,259 --> 00:21:30,639 Let's play a clip. 314 00:21:30,639 --> 00:21:36,959 so there is a second order crypto effect here where since for going back a decade now my 315 00:21:36,959 --> 00:21:41,959 reporting was back in 2017 because of spiraling inflation of the bolivar a lot of people had 316 00:21:41,959 --> 00:21:47,379 turned to cryptocurrencies mining ethereum and bitcoin in their homes in order to just have a 317 00:21:47,379 --> 00:21:53,699 stable source of of cash but the the other side of this is the fact that the there are multiple 318 00:21:53,699 --> 00:21:58,059 reports that the government itself has been looking to evade sanctions by doing sales of 319 00:21:58,059 --> 00:22:03,559 oil in Tether, which they then move into Bitcoin. And so much of this market moves on sentiment. So 320 00:22:03,559 --> 00:22:07,539 even the promise that perhaps the U.S. government, when they came in, might seize these assets, 321 00:22:07,899 --> 00:22:13,379 hold on to it. That's a bull case for Bitcoin. If you have a stockpile such as that, 322 00:22:13,639 --> 00:22:17,299 that isn't being liquidated. All right. Very interesting stuff. Very quickly, 323 00:22:17,359 --> 00:22:21,459 we got to go. Is it a tailwind for just Bitcoin or also Ethereum, Solana and some of these other 324 00:22:21,459 --> 00:22:25,779 coins? It's a rising tide lifts all ships. In fact, XRP has had outsized performance. 325 00:22:25,779 --> 00:22:30,699 And when you see one altcoin do particularly well, it really is one of these signs of a risk on environment. 326 00:22:30,959 --> 00:22:31,099 All right. 327 00:22:31,139 --> 00:22:32,839 McKenna Segales, great to see you as always. 328 00:22:32,979 --> 00:22:33,779 Thank you very much. 329 00:22:35,399 --> 00:22:36,379 We got to get into it. 330 00:22:36,459 --> 00:22:43,459 So one, I think self-custody is sort of the silver lining of all this that I could just I don't know what's happening in Venezuela. 331 00:22:43,559 --> 00:22:44,479 Is it going to be good for them? 332 00:22:44,639 --> 00:22:46,719 Are our intentions good? 333 00:22:46,779 --> 00:22:48,979 Even if our intentions are good, can we execute? 334 00:22:50,199 --> 00:22:50,399 Right. 335 00:22:50,519 --> 00:22:52,359 And so we want regime change. 336 00:22:52,439 --> 00:22:54,919 Everyone feels that, oh, there's a humanitarian effort here. 337 00:22:54,919 --> 00:22:59,739 Their voice wasn't heard in the last four original elections, but doesn't mean we're going to execute and deliver. 338 00:23:01,019 --> 00:23:03,119 Libya has been a mess since we left. 339 00:23:03,359 --> 00:23:10,799 And so what about but and we can, you know, we can take a president or leader by force. 340 00:23:10,939 --> 00:23:11,979 Massive power production. 341 00:23:12,159 --> 00:23:20,579 We can claim or argue, but really claim access rights and distribution rights to reserves, oil reserves and assets. 342 00:23:20,579 --> 00:23:26,039 even bitcoin we might be able to take if depending on how they secured it 343 00:23:26,039 --> 00:23:35,899 but bitcoin in self-custody where you control the majority of keys so if you're in a multi-sig but 344 00:23:35,899 --> 00:23:40,539 nine people have the keys and you only five other people conclude against you 345 00:23:40,539 --> 00:23:46,519 so i don't know if maduro's people or maduro has the keys if they have coins i mean i don't know if 346 00:23:46,519 --> 00:23:47,239 The country does. 347 00:23:47,379 --> 00:23:47,539 I don't know. 348 00:23:47,599 --> 00:23:48,059 Who knows? 349 00:23:48,139 --> 00:23:50,799 But the rumor is, yeah, there's a guy who handles the money. 350 00:23:50,939 --> 00:23:51,459 I forget his name. 351 00:23:51,599 --> 00:23:56,099 But there's a rumor that someone from the DEA helped build them the architecture. 352 00:23:56,459 --> 00:24:01,379 When I saw this, I think I tweeted out on, I forget, the day this happened or whatever, 353 00:24:01,499 --> 00:24:03,579 that this is the state-level wrench attack. 354 00:24:03,919 --> 00:24:04,099 You know? 355 00:24:04,479 --> 00:24:05,259 Yeah, well, it is. 356 00:24:05,259 --> 00:24:12,439 But the silver lining is the individual can't be wrenched attack in the same way. 357 00:24:13,599 --> 00:24:15,179 And it has their own threat factor. 358 00:24:15,179 --> 00:24:17,159 but I think it really points a light. 359 00:24:17,319 --> 00:24:18,499 Like your oil can be taken. 360 00:24:18,619 --> 00:24:19,759 Your president can be taken. 361 00:24:20,719 --> 00:24:22,499 I think it shines a light on self-custody. 362 00:24:23,679 --> 00:24:25,379 And for me, I think it's like- 363 00:24:25,379 --> 00:24:26,359 Yeah, at the end of the day, 364 00:24:26,559 --> 00:24:29,179 in any of these kind of attacks, right? 365 00:24:29,259 --> 00:24:32,399 You're forced to either defend your life 366 00:24:32,399 --> 00:24:33,539 or give up your coins. 367 00:24:34,899 --> 00:24:35,219 Right. 368 00:24:36,039 --> 00:24:38,439 And you might not be able to protect your gold coins. 369 00:24:38,999 --> 00:24:39,319 Sure. 370 00:24:39,539 --> 00:24:41,339 So like right now, Bank of England 371 00:24:41,339 --> 00:24:44,119 has 2 billion of Venezuela's gold. 372 00:24:44,119 --> 00:24:47,019 Venezuela has been forced to sell their gold 373 00:24:47,019 --> 00:24:48,279 Now I heard we sent 374 00:24:48,279 --> 00:24:49,539 So I've heard 375 00:24:49,539 --> 00:24:51,979 I think it took 376 00:24:51,979 --> 00:24:54,619 I heard it took some years 377 00:24:54,619 --> 00:24:56,159 To get the gold back to Venezuela 378 00:24:56,159 --> 00:24:57,279 There was definitely a delay 379 00:24:57,279 --> 00:25:00,059 Some news outlets are still reporting that 380 00:25:00,059 --> 00:25:01,519 England still has the gold 381 00:25:01,519 --> 00:25:03,639 But we're only talking about 2 billion in gold 382 00:25:03,639 --> 00:25:06,299 But 383 00:25:06,299 --> 00:25:17,719 This will all come out over time I mean But if you were you were a country right now yeah I think you would rather be thinking about 60 billion in multi Bitcoin 384 00:25:17,719 --> 00:25:20,199 than 60 billion in gold or oil. 385 00:25:20,339 --> 00:25:20,479 Sure. 386 00:25:21,299 --> 00:25:22,999 If you were thinking about your own, 387 00:25:22,999 --> 00:25:26,819 if you were a regime and you were thinking about your own sort of long-term 388 00:25:26,819 --> 00:25:29,479 sustainability as a family or regime, 389 00:25:29,479 --> 00:25:30,839 or even if you were an exile, 390 00:25:31,619 --> 00:25:32,619 it's a good point. 391 00:25:32,939 --> 00:25:34,739 And even if you were there looking about, 392 00:25:34,879 --> 00:25:36,259 you didn't want your people, 393 00:25:36,319 --> 00:25:38,579 and you want to keep the wealth within the country. 394 00:25:40,099 --> 00:25:42,319 Yeah, but if that wallet's frozen, 395 00:25:42,459 --> 00:25:44,239 if those assets are essentially on lockdown, 396 00:25:45,239 --> 00:25:47,259 how do you extract the value from them? 397 00:25:48,339 --> 00:25:52,899 Well, this is going to evolve in terms of how you secure the Bitcoin. 398 00:25:52,899 --> 00:25:56,579 So it's secured until a point in which you can move it anonymously. 399 00:25:56,699 --> 00:25:58,319 But way better than oil. 400 00:25:58,939 --> 00:26:00,459 No, I understand what you're saying. 401 00:26:00,479 --> 00:26:00,639 And gold bricks. 402 00:26:00,639 --> 00:26:01,419 It's got potential. 403 00:26:01,639 --> 00:26:02,859 It's got way more potential. 404 00:26:02,859 --> 00:26:09,019 there's probably some models and some theories and some people trying things right now in case of 405 00:26:09,019 --> 00:26:13,099 or right there's somebody in the maduro family who's running around with eight figures nine 406 00:26:13,099 --> 00:26:19,039 figures of ten figures of bitcoin sure uh out of necessity yeah we're not aware of so you're 407 00:26:19,039 --> 00:26:24,179 probably 100 right you know because even if they have 60 billion in bitcoin i i did again we don't 408 00:26:24,179 --> 00:26:29,419 know what stories or propaganda but it's probably not in one address i mean not in one wallet these 409 00:26:29,419 --> 00:26:30,339 Yeah, exactly. 410 00:26:30,579 --> 00:26:35,319 So maybe there's some petty cash draw of 10 million sats. 411 00:26:35,659 --> 00:26:35,699 Right. 412 00:26:35,919 --> 00:26:38,419 And if this was a negotiated deal, there could have been a bunch of... 413 00:26:39,019 --> 00:26:42,459 And Bitcoin has way more asymmetric upside over time, 414 00:26:42,539 --> 00:26:46,419 where if your family was able to gather some of these sats... 415 00:26:46,939 --> 00:26:50,459 Yeah, they get 100 Bitcoin in a private wallet and shoot it off somewhere. 416 00:26:50,799 --> 00:26:55,039 And it's 20 years, a lot easier to secure that and move that over 20 years than gold. 417 00:26:55,099 --> 00:26:55,699 That's a good point. 418 00:26:55,939 --> 00:26:56,079 Yeah. 419 00:26:56,079 --> 00:26:58,939 So there's a lot at stake here, but a lot of people are learning, 420 00:26:58,939 --> 00:27:02,539 and it's shining a light, in my opinion, a positive light 421 00:27:02,539 --> 00:27:06,419 on the essence and ethos of Bitcoin and self-custody. 422 00:27:07,619 --> 00:27:10,499 And even these coins, because if these are Venezuelan coins. 423 00:27:10,519 --> 00:27:14,059 How valuable are your tokenized oil assets when the oil's gone? 424 00:27:14,179 --> 00:27:16,379 Or your tokenized gold and silver assets? 425 00:27:16,379 --> 00:27:17,279 Or they shut down Oracle. 426 00:27:18,039 --> 00:27:18,279 Right. 427 00:27:19,059 --> 00:27:20,939 Or they change the database in Oracle. 428 00:27:21,079 --> 00:27:24,779 But the $60 billion in the Bitcoin, 429 00:27:25,139 --> 00:27:27,639 now if we do confiscate that, seize it, 430 00:27:27,639 --> 00:27:29,099 as the United States government, 431 00:27:29,479 --> 00:27:32,199 and follow the United States government policy 432 00:27:32,199 --> 00:27:38,079 of keeping stolen, confiscated Bitcoin, 433 00:27:39,199 --> 00:27:42,039 one, we're not executing justice, 434 00:27:42,739 --> 00:27:44,979 that wealth should be returned to Venezuelans. 435 00:27:45,219 --> 00:27:46,219 It's Venezuelan wealth. 436 00:27:46,779 --> 00:27:48,579 Similar to the pig butchering scam 437 00:27:48,579 --> 00:27:50,559 and the victims of that not getting their money back 438 00:27:50,559 --> 00:27:51,759 and on and on. 439 00:27:51,839 --> 00:27:53,999 So it's not a clean thing for America. 440 00:27:53,999 --> 00:27:54,819 We're stealing. 441 00:27:56,319 --> 00:27:56,759 Surprise. 442 00:27:56,759 --> 00:27:57,319 That would be terrible. 443 00:27:57,639 --> 00:27:58,759 No, not surprised. 444 00:27:59,399 --> 00:28:04,999 But some Bitcoiners will point to, not Bitcoin, some mathematicians, it's just math, they'll be the last Bitcoin for sale. 445 00:28:06,919 --> 00:28:08,559 That $60 billion will be locked up. 446 00:28:08,919 --> 00:28:09,459 Yeah, yeah, yeah. 447 00:28:09,539 --> 00:28:10,819 And that just has its own effect. 448 00:28:10,859 --> 00:28:11,639 Yeah, yeah, exactly. 449 00:28:11,739 --> 00:28:12,959 So it's interesting times. 450 00:28:12,959 --> 00:28:13,319 Yeah. 451 00:28:14,939 --> 00:28:19,679 Bitcoin is not, never disappears. 452 00:28:19,999 --> 00:28:21,679 It's just either moving or not. 453 00:28:22,159 --> 00:28:23,299 It's either liquid or not. 454 00:28:23,419 --> 00:28:26,959 What do you think about, okay, I saw a video on social media. 455 00:28:27,639 --> 00:28:36,339 media of maduro taunting trump pre then i saw videos of trump taunting back after we got him 456 00:28:36,339 --> 00:28:47,619 which is very powerful brash i don't know if that's how i want to be represented as an american 457 00:28:47,619 --> 00:28:55,399 um you know it's disgraceful in some ways some people would argue you know so definitely um you 458 00:28:55,399 --> 00:29:00,239 know it goes back to the theory of like the money's broken everything's gonna get more worse and by 459 00:29:00,239 --> 00:29:06,199 worse i mean more dramatic more of a yeah yeah nastier food fight right politics are just getting 460 00:29:06,199 --> 00:29:12,659 yeah and it's maybe it's not nasty it's not it these are uh these are the times that we live in 461 00:29:12,659 --> 00:29:17,719 there's nothing that um i mean look at power structures are going to do everything they can 462 00:29:17,719 --> 00:29:23,859 to survive the united states is shrinking their global influence is shrinking so they need to 463 00:29:23,859 --> 00:29:28,299 They need to become a dominant regional player. 464 00:29:28,899 --> 00:29:34,379 And the way they're looking at it is their region is a Western Hemisphere minus Europe. 465 00:29:34,379 --> 00:29:36,939 They're going to throw Europe overboard, right? 466 00:29:36,979 --> 00:29:41,579 As Luke Groman says, we're going to stand on Europe's head as you stay afloat in the pool. 467 00:29:42,379 --> 00:29:45,399 Like, that's where we're at in the world. 468 00:29:45,539 --> 00:29:48,699 And that's what the United States is doing, whether we like it or not. 469 00:29:48,699 --> 00:29:57,799 this probably will lead to a lot of internal unrest amongst the civilization over time. 470 00:29:57,799 --> 00:30:03,219 I tend to believe that we're going to see a lot of these kind of conflicts, 471 00:30:03,799 --> 00:30:08,759 not only performed by the United States, but performed by other powers around the world 472 00:30:08,759 --> 00:30:17,879 as there's a rush to consolidate power and assets in their regions before this reset is done. 473 00:30:18,699 --> 00:30:30,819 And then after that, I think we'll see a power play of a technocracy like power play, surveillance state, digital IDs, etc. 474 00:30:31,359 --> 00:30:38,119 And then you're going to start to see these people that are tearing at each other's throat unite against the government. 475 00:30:38,119 --> 00:30:47,019 And then at the end of this fourth turning, the final gameplay is going to be people versus their governments. 476 00:30:48,699 --> 00:31:01,239 On the way there, it's going to be governments against governments, civil wars, civil unrest, and it ends with the people unifying against the authoritarianism within their governments. 477 00:31:01,879 --> 00:31:04,979 And this is a decade-long process, in my view. 478 00:31:06,419 --> 00:31:10,279 We're just seeing, you know, the first card get flipped over on the table. 479 00:31:11,039 --> 00:31:11,139 Right. 480 00:31:12,399 --> 00:31:16,079 What a display of power, though. 481 00:31:16,079 --> 00:31:18,619 I don't know if I believe the entire story. 482 00:31:18,699 --> 00:31:23,919 theater. I think it's a lot of theater. Yeah. But I think regardless of how much theater it is, 483 00:31:23,919 --> 00:31:28,819 it could be a hundred percent theater. But I think the capabilities that were displayed in the 484 00:31:28,819 --> 00:31:35,479 theater are real and or have to be interpreted as real by our enemies and our allies. I think 485 00:31:35,479 --> 00:31:42,039 they're also just scratching the surface of our capabilities. I think if I think by the end of 486 00:31:42,039 --> 00:31:49,319 this you know between now and the next five to ten years we're going to see shit that we didn't 487 00:31:49,319 --> 00:31:56,179 even know existed get used in the in these operations so i think in a lot of ways you're 488 00:31:56,179 --> 00:32:00,999 talking about some sort of cyber cyber kinetic sort of uh capabilities weapons we're not even 489 00:32:00,999 --> 00:32:05,959 aware of energy sources we're not aware of but dial back from that just basic 490 00:32:05,959 --> 00:32:11,539 to fight across the world for more than the plane to get there. 491 00:32:11,539 --> 00:32:12,919 You have to have the plane to get there. 492 00:32:13,339 --> 00:32:16,719 Then if you want to stay there, you have to be able to keep the planes there, 493 00:32:17,099 --> 00:32:18,719 which are boats, aircraft carriers. 494 00:32:18,979 --> 00:32:21,819 To keep the aircraft carriers, you have to feed those people 495 00:32:21,819 --> 00:32:23,119 thousands of miles from home. 496 00:32:23,659 --> 00:32:26,779 These are all just basic logistics that most nations, 497 00:32:27,479 --> 00:32:29,539 probably zero besides us, have the capabilities. 498 00:32:30,379 --> 00:32:33,799 Just to sustain warfare far away. 499 00:32:33,799 --> 00:32:34,159 Right. 500 00:32:34,159 --> 00:32:34,279 Right. 501 00:32:36,199 --> 00:32:38,259 That's inflationary, period. 502 00:32:38,519 --> 00:32:40,279 But I mean, what do you mean inflationary? 503 00:32:40,379 --> 00:32:43,319 I mean, we can't sustain that. 504 00:32:43,639 --> 00:32:45,899 Well, logistically, we could feed people a month. 505 00:32:46,099 --> 00:32:48,399 It's going to be a lot easier to sustain a war. 506 00:32:48,399 --> 00:32:49,259 I don't mean for years. 507 00:32:49,359 --> 00:32:56,759 I mean, even for a month, two months, no other nation could dock aircraft carriers, submarines, fighter jets. 508 00:32:56,799 --> 00:32:59,439 It depends how much money they're willing to print. 509 00:33:00,839 --> 00:33:01,239 Right? 510 00:33:01,359 --> 00:33:03,139 I mean, fiat is the currency of war. 511 00:33:03,139 --> 00:33:04,839 They can't put the weapons. 512 00:33:05,039 --> 00:33:06,299 They don't have the aircraft carriers. 513 00:33:06,739 --> 00:33:07,999 I think China has plenty. 514 00:33:08,019 --> 00:33:09,299 I think they're catching up. 515 00:33:09,379 --> 00:33:10,019 I don't think they're there. 516 00:33:10,459 --> 00:33:14,559 I think they could catch up to us in a matter of a week or two if they wanted to. 517 00:33:14,679 --> 00:33:15,879 Looking for the evidence. 518 00:33:15,879 --> 00:33:23,459 I think if there's any place that they are behind us, it's in secret military infrastructure, 519 00:33:24,819 --> 00:33:30,099 deep state type military industrial complex infrastructure that we're not even really 520 00:33:30,099 --> 00:33:31,099 aware of. 521 00:33:31,099 --> 00:33:33,619 or we think are UFOs. 522 00:33:33,799 --> 00:33:36,219 We think are alien technologies, right? 523 00:33:36,619 --> 00:33:38,659 I think we have a lot of that. 524 00:33:39,279 --> 00:33:41,279 And I think we've had it for a long time, 525 00:33:41,279 --> 00:33:43,859 and it's probably evolved to the point that you can't even fathom. 526 00:33:45,139 --> 00:33:52,199 So, you know, to the extent that it's going to take a lot of monetary inflation 527 00:33:52,199 --> 00:33:55,579 to support these kind of colonization, 528 00:33:55,579 --> 00:34:11,039 I think simultaneously we could run some deflationary technology in energy and manufacturing that I think we have the capability of that we haven't implemented yet. 529 00:34:11,039 --> 00:34:35,359 Do you think China could, I mean, all of it, it's an honest question I'm asking, send warships to Ukraine a few months in advance, run exercises in the whatever body of water is right next to Ukraine. 530 00:34:35,359 --> 00:34:35,799 Black Sea. 531 00:34:35,999 --> 00:34:36,599 Black Sea. 532 00:34:36,599 --> 00:34:47,599 shoot boats of of ukrainian boats and kill ukrainians uh i think narco terrorists i think 533 00:34:47,599 --> 00:34:56,299 why we're watching all of this right then take zelensky after i think china could you know 534 00:34:56,299 --> 00:35:02,959 agreed to come wouldn't because they're a i don't think they're a manufacturer of the world that 535 00:35:02,959 --> 00:35:08,519 relies on exporting goods all over the planet i think this setbacks about road initiative right 536 00:35:08,519 --> 00:35:12,759 if they if they i think they could do that but it's not in their interest to do that 537 00:35:12,759 --> 00:35:17,799 i'm not sure they would destroy their country as a manufacturer for the world 538 00:35:17,799 --> 00:35:23,459 where we could go and do that we export dollars well right 539 00:35:23,459 --> 00:35:28,619 and we have the web so we could do this and no other country can 540 00:35:28,619 --> 00:35:34,399 right now right now yes right now which is also to your point why it's so scary we're burning 541 00:35:34,399 --> 00:35:39,239 we're burning our bridges right that's why it's so scary we could do it but we are burning our 542 00:35:39,239 --> 00:35:46,419 bridges in the process we're making enemies and just like we've we we've you know in all of our 543 00:35:46,419 --> 00:35:54,159 wars in the middle east have created so much conflict that there's a whole multiple generations 544 00:35:54,159 --> 00:35:57,959 of people that probably hate the united states and we're like nothing more than see the united 545 00:35:57,959 --> 00:36:05,059 States fall because of the chaos and destruction we've created in their countries. And so whenever 546 00:36:05,059 --> 00:36:10,559 you have this kind of force, you're building enemies, right? So yes, we could do it. I think 547 00:36:10,559 --> 00:36:16,259 China could do it. I think China is thinking to themselves, why would we do this? Because we will 548 00:36:16,259 --> 00:36:21,979 be destroying ourselves because they have a much longer term mentality. I think a dying empire 549 00:36:21,979 --> 00:36:28,039 is like God has to like feels like they have to flex like there's their mindset is still we 550 00:36:28,039 --> 00:36:32,419 dominate the world while they're while what's happening financially is that they're losing 551 00:36:32,419 --> 00:36:40,179 power and control I wonder if you know there was a deal between China and Trump hey we get 552 00:36:40,179 --> 00:36:45,279 Venezuela you stay out of there you get Taiwan we're not gonna yeah well I don't know if there's 553 00:36:45,279 --> 00:36:50,019 a deal with I think I don't know if this is a deal with Russia same thing with Ukraine or a threat 554 00:36:50,019 --> 00:36:54,939 yeah who knows hey you know like we've been letting you yeah that's happening simultaneously 555 00:36:54,939 --> 00:37:00,559 right you hear japan saying that you know if china takes taiwan this is like a game changer 556 00:37:00,559 --> 00:37:06,039 for japan we can't we can't access energy we have blocks the malarca strait we have all these issues 557 00:37:06,039 --> 00:37:11,319 it's existential for japan in the meantime right their bonds are rising their interest rates are 558 00:37:11,319 --> 00:37:19,319 rising um inflation is coming hot and fast to japan so um you know yeah i do think china is 559 00:37:19,319 --> 00:37:24,159 As part of this infrastructure restructuring, China probably will take Taiwan. 560 00:37:25,459 --> 00:37:25,599 Yeah. 561 00:37:27,059 --> 00:37:28,979 But this is resetting the New Orleans. 562 00:37:29,159 --> 00:37:30,879 Maybe this is a message to them don't. 563 00:37:32,219 --> 00:37:35,859 Maybe this is a message we're taking the Western Hemisphere back, 564 00:37:36,659 --> 00:37:40,359 and we want you to chill and pause, and we can come there too. 565 00:37:41,339 --> 00:37:53,278 I don know Maybe We find out We find out We find out Let move on 2026 is the year of finding out Welcome to our new time Tuesdays at 2 p Eastern or 2 And this is Bitcoin Center 566 00:37:53,598 --> 00:37:54,578 live stream number 35, 567 00:37:54,738 --> 00:37:55,738 brought to you by BuyFederal. 568 00:37:55,858 --> 00:37:56,658 Go bank yourself. 569 00:37:57,138 --> 00:37:58,318 Please hit like and subscribe. 570 00:37:58,618 --> 00:37:59,818 Ask questions in the chat. 571 00:38:00,338 --> 00:38:01,858 Let's run on to Jamie Dimon here. 572 00:38:02,498 --> 00:38:03,538 Blockchain is real. 573 00:38:03,838 --> 00:38:05,118 It's been around for quite a while, 574 00:38:05,258 --> 00:38:06,838 but now it's becoming more effective, 575 00:38:06,958 --> 00:38:07,398 more efficient, 576 00:38:07,398 --> 00:38:08,898 because people are finding ways 577 00:38:08,898 --> 00:38:10,578 to do it faster and cheaper, 578 00:38:10,578 --> 00:38:12,598 permissioned or not permissioned. 579 00:38:12,598 --> 00:38:14,178 Smart contracts, I think, will... 580 00:38:14,178 --> 00:38:16,898 What do you think, JD? 581 00:38:17,898 --> 00:38:21,498 Is he coming around, or is this the game plan along? 582 00:38:21,858 --> 00:38:26,338 JP Morgan has had ownership, or they sold... 583 00:38:26,338 --> 00:38:29,358 They've been basically developing code on the Ethereum code base 584 00:38:29,358 --> 00:38:30,818 for a long, long time. 585 00:38:31,338 --> 00:38:32,978 They sold it to ConsenSys. 586 00:38:33,198 --> 00:38:35,358 A lot of the tech and contracts that they developed, 587 00:38:35,458 --> 00:38:36,518 they sold to ConsenSys. 588 00:38:36,998 --> 00:38:39,078 So they've had this ongoing relationship with Ethereum. 589 00:38:39,078 --> 00:38:44,678 again they're a bank they want to tokenize everything so they can trade everything and 590 00:38:44,678 --> 00:38:52,078 make markets and everything so his move to he didn't say anything good about bitcoin no they're 591 00:38:52,078 --> 00:38:56,558 going to lend against bitcoin as collateral i think you know really what people have to realize 592 00:38:56,558 --> 00:39:01,138 is that these big banks want you involved in crypto they want you involved in real world 593 00:39:01,138 --> 00:39:07,358 assets they want you in tokenized securities they want to lend against your bitcoin in hopes that 594 00:39:07,358 --> 00:39:13,898 they can get it from you when you default on the loan they want to get the bitcoin in their custody 595 00:39:13,898 --> 00:39:19,658 and everything they're going to deliver to you that's crypto is going to be centralized 596 00:39:19,658 --> 00:39:30,638 on an exchange custodied by them permissioned i'll say i mean i think jd is jamie and i'm is 597 00:39:30,638 --> 00:39:36,078 smart i think he's straight gangster i i'd go further i think wall street's been run by the 598 00:39:36,078 --> 00:39:41,978 actual mob for a long time it's interesting when he talks about bitcoin he sounds like a mobster 599 00:39:41,978 --> 00:39:49,738 from new york when he talks about crypto even but there he talked very eloquently and like a banker 600 00:39:49,738 --> 00:39:58,318 and uh i think the thing to watch with with jp morgan is uh they're going to do tokenized deposits 601 00:39:58,318 --> 00:40:04,478 so not stable coins they're going to take your money and say you have a deposit here and they 602 00:40:04,478 --> 00:40:10,638 can provide maybe yield and they can do fractional reserve banking off of the tokenized deposits 603 00:40:10,638 --> 00:40:16,858 so i think that's the thing to watch and even if they let you self-custody they're not it's going 604 00:40:16,858 --> 00:40:23,578 to be on a proof of stake or centralized server that they can sanction control manipulate yeah 605 00:40:23,578 --> 00:40:29,198 all right let's move on el salvador um it seems like they're making a pivot here 606 00:40:29,198 --> 00:40:33,358 and they're making Bitcoin voluntary, still legal, I guess. 607 00:40:33,838 --> 00:40:36,798 And this helped them get more aid from the IMF. 608 00:40:36,978 --> 00:40:38,118 Do you sort of... 609 00:40:38,118 --> 00:40:39,098 Yeah, that's the way I read it. 610 00:40:39,138 --> 00:40:40,118 Do you have take here? 611 00:40:41,098 --> 00:40:42,558 This seems a blended road. 612 00:40:42,558 --> 00:40:44,978 This is sort of the same kind of, 613 00:40:44,978 --> 00:40:48,378 the same opinion I've had forever with El Salvador 614 00:40:48,378 --> 00:40:51,798 is that it's the difference between, 615 00:40:52,078 --> 00:40:54,178 I don't think this takes anything away 616 00:40:54,178 --> 00:40:56,818 from Naib's belief in Bitcoin, 617 00:40:56,818 --> 00:40:59,798 what he's doing to educate kids in the country, 618 00:40:59,938 --> 00:41:01,578 what he wants to do with mining, what he wants. 619 00:41:01,838 --> 00:41:04,458 But I think there's bigger things there, 620 00:41:04,558 --> 00:41:07,538 which is that in conjunction with building their Bitcoin reserve, 621 00:41:08,078 --> 00:41:11,878 they also need to build a functioning country 622 00:41:11,878 --> 00:41:13,718 and take it up a notch. 623 00:41:14,238 --> 00:41:15,818 They're expanding development. 624 00:41:16,038 --> 00:41:17,178 They're building new roads. 625 00:41:17,278 --> 00:41:18,518 They're building new infrastructure. 626 00:41:19,438 --> 00:41:21,058 Everything, it all takes money. 627 00:41:22,078 --> 00:41:25,098 And so, you know, is Bitcoin this move? 628 00:41:25,098 --> 00:41:26,818 Hold on, though. Let me say one more thing. 629 00:41:27,118 --> 00:41:31,138 This move to make Bitcoin voluntary, even when it was mandatory, 630 00:41:31,138 --> 00:41:32,778 when I was there and it was mandatory, 631 00:41:33,578 --> 00:41:36,098 people that didn't want to accept it didn't accept it. 632 00:41:36,598 --> 00:41:38,798 It was never enforced as mandatory. 633 00:41:42,378 --> 00:41:46,538 Look, I think El Salvador has been a very interesting project. 634 00:41:47,718 --> 00:41:50,098 It's something to be excited about in a lot of ways, 635 00:41:50,098 --> 00:41:51,338 and there is a lot of excitement. 636 00:41:52,438 --> 00:41:55,038 I think that could be, you know, we've seen it time and time again, 637 00:41:55,098 --> 00:41:57,318 affinity marketing and scamming. 638 00:41:57,398 --> 00:42:00,118 I'm not saying there's a difference between marketing and scamming, 639 00:42:00,118 --> 00:42:01,318 but you could just say, 640 00:42:01,418 --> 00:42:01,458 Hey, 641 00:42:01,458 --> 00:42:03,558 we sell toothpaste and we're Bitcoin. 642 00:42:03,678 --> 00:42:05,218 And that there's an affinity to that, 643 00:42:05,238 --> 00:42:05,438 right? 644 00:42:05,438 --> 00:42:06,938 Like the toothpaste nine different, 645 00:42:07,418 --> 00:42:08,398 but you're conveying it's, 646 00:42:08,398 --> 00:42:08,598 it's, 647 00:42:08,598 --> 00:42:10,618 it's made with things you would like as a Bitcoin, 648 00:42:10,738 --> 00:42:10,958 right? 649 00:42:11,278 --> 00:42:13,118 This country is a Bitcoin country. 650 00:42:13,258 --> 00:42:15,478 It's the beach is better because it's the same beach, 651 00:42:15,538 --> 00:42:17,618 but we take Bitcoin at the concession stands, 652 00:42:17,678 --> 00:42:17,838 right? 653 00:42:17,898 --> 00:42:20,058 So you can have affinity marketing, 654 00:42:20,198 --> 00:42:20,518 but just, 655 00:42:20,798 --> 00:42:21,478 right. 656 00:42:22,238 --> 00:42:22,778 What I, 657 00:42:22,838 --> 00:42:22,998 well, 658 00:42:23,018 --> 00:42:23,778 I want to get into here though, 659 00:42:23,798 --> 00:42:24,098 real quick. 660 00:42:24,158 --> 00:42:24,458 So I was, 661 00:42:24,458 --> 00:42:28,438 El Salvador integrates Bitcoin and AI into national policy. 662 00:42:28,698 --> 00:42:30,498 I think this is where it's a little ominous. 663 00:42:31,098 --> 00:42:38,378 So according to O'Daly, El Salvador has officially announced the integration of Bitcoin and artificial intelligence as part of its national policy. 664 00:42:39,178 --> 00:42:42,158 The country's treasury, so they have $660 million in Bitcoin. 665 00:42:42,718 --> 00:42:48,138 Even if Bitcoin 10X is at $6 billion, it's not a lot of money, even for a nation their size. 666 00:42:48,138 --> 00:43:02,438 The plan aims to utilize surplus geothermal energy to build data centers and AI special zones, providing a tax-free environment for the automation industry and decentralized financial services. 667 00:43:02,738 --> 00:43:10,598 All things I'm nervous and weary about that are not necessarily decentralized in true form. 668 00:43:10,778 --> 00:43:10,958 Yeah. 669 00:43:10,958 --> 00:43:15,778 And could have some sort of Orwellian side to it. 670 00:43:15,778 --> 00:43:19,178 I think they're even trying to put the entire educational platform on AI. 671 00:43:19,458 --> 00:43:19,558 Yeah. 672 00:43:19,918 --> 00:43:24,658 Which can, these things can sound progressive and great, but they can be very dark. 673 00:43:24,858 --> 00:43:25,318 And I think. 674 00:43:25,578 --> 00:43:25,718 Yeah. 675 00:43:25,858 --> 00:43:27,978 They can be the Vatican library of information. 676 00:43:28,038 --> 00:43:28,258 Yeah. 677 00:43:28,718 --> 00:43:30,698 So it remains to be seen. 678 00:43:31,178 --> 00:43:32,138 That's all I wanted to say. 679 00:43:32,238 --> 00:43:36,918 No, and I agree with you on all these points. 680 00:43:37,018 --> 00:43:42,898 I think El Salvador, though, I think what, you know, when it comes down to this specific question about their deal with the IMF, 681 00:43:42,898 --> 00:43:45,258 to switch to voluntary Bitcoin 682 00:43:45,258 --> 00:43:47,718 as opposed to a mandated 683 00:43:47,718 --> 00:43:48,698 you must accept Bitcoin. 684 00:43:48,698 --> 00:43:49,358 I think that's actually 685 00:43:49,358 --> 00:43:50,258 in the Bitcoin ethos. 686 00:43:50,578 --> 00:43:51,838 That is in the Bitcoin ethos, 687 00:43:51,898 --> 00:43:53,138 but it's also the way 688 00:43:53,138 --> 00:43:54,478 they operated from day one. 689 00:43:55,598 --> 00:43:56,498 There, you know, people, 690 00:43:56,778 --> 00:43:58,978 there was a whole bunch 691 00:43:58,978 --> 00:43:59,578 of the population 692 00:43:59,578 --> 00:44:00,858 when it was mandated 693 00:44:00,858 --> 00:44:02,078 that you must accept Bitcoin 694 00:44:02,078 --> 00:44:03,038 that they just didn't. 695 00:44:03,658 --> 00:44:05,798 And it really wasn't enforced. 696 00:44:06,718 --> 00:44:07,858 And so if anything, 697 00:44:08,158 --> 00:44:08,738 this is, you know, 698 00:44:08,778 --> 00:44:10,218 if this is what he had to promise 699 00:44:10,218 --> 00:44:12,038 that IMF to get 1.4 billion, 700 00:44:12,558 --> 00:44:14,338 Good on him because that's just like a... 701 00:44:14,338 --> 00:44:14,878 Yeah, I get it. 702 00:44:14,878 --> 00:44:15,558 I get both sides. 703 00:44:15,578 --> 00:44:16,498 It's an empty promise. 704 00:44:16,678 --> 00:44:19,438 I mean, to the IMF, they're like, okay, yeah, he's probably, yeah, sure. 705 00:44:19,658 --> 00:44:21,058 And you make the deals you have to make. 706 00:44:21,138 --> 00:44:22,258 Let's move on here real quick. 707 00:44:22,258 --> 00:44:25,498 So BitFarms pivots to AI. 708 00:44:25,658 --> 00:44:29,058 So they're selling their mining facilities in Paraguay. 709 00:44:29,158 --> 00:44:30,618 They're moving out of Latin America. 710 00:44:31,038 --> 00:44:38,878 I think a lot of this is to raise cash, move to a more consistent cash flow model that comes out of AI data centers, 711 00:44:38,878 --> 00:44:42,318 move their facilities back to North America 712 00:44:42,318 --> 00:44:44,778 where they have a lot more competitive advantage 713 00:44:44,778 --> 00:44:48,318 and geographical proximity and knowledge. 714 00:44:48,898 --> 00:44:51,578 So I think this is kind of par for the times. 715 00:44:51,918 --> 00:44:52,018 Yeah. 716 00:44:52,198 --> 00:44:56,178 I mean, look, they lost money mining Bitcoin. 717 00:44:56,638 --> 00:44:57,618 Yeah, it was a tough year. 718 00:44:57,638 --> 00:44:58,058 They weren't competitive. 719 00:44:58,358 --> 00:45:01,958 So they're going to do what's right for their business. 720 00:45:02,118 --> 00:45:02,258 Yeah. 721 00:45:02,338 --> 00:45:03,098 I'm in a mining farm. 722 00:45:03,218 --> 00:45:06,798 We had our first negative month in about like 18. 723 00:45:06,798 --> 00:45:12,418 it's tough tough out there for miners right now yeah so all right let's move on which is interesting 724 00:45:12,418 --> 00:45:16,178 because when i read this that's kind of this sense that i got and think about how much minor 725 00:45:16,178 --> 00:45:23,178 capitulation you get near a bottom versus the top is this is there some sort of signal here that we 726 00:45:23,178 --> 00:45:31,578 might be near a bottom like meaning near maybe we go the lower we stayed flat for over a year and 727 00:45:31,578 --> 00:45:35,278 These miners are starting to have financial problems getting turned out. 728 00:45:36,038 --> 00:45:39,778 Anticipate, probably invested infrastructures are anticipating $200,000. 729 00:45:39,778 --> 00:45:41,658 Well, hashrate was competitive and high. 730 00:45:41,778 --> 00:45:41,958 Yeah. 731 00:45:42,778 --> 00:45:44,638 Price was low or sideways. 732 00:45:45,038 --> 00:45:45,498 So, yeah. 733 00:45:45,698 --> 00:45:47,878 So, I mean, we might be in a certain scale. 734 00:45:47,978 --> 00:45:49,018 Capital intensive industry. 735 00:45:49,138 --> 00:45:49,978 All right, let's move on here. 736 00:45:51,038 --> 00:45:51,298 All right. 737 00:45:51,338 --> 00:45:53,058 The government, Bitcoin holdings. 738 00:45:53,658 --> 00:45:58,098 Governments around the world currently hold 3.1% of the Bitcoin supply, 739 00:45:58,098 --> 00:46:00,238 worth $58.6 billion. 740 00:46:01,298 --> 00:46:03,658 Strategic accumulation trend for 2026 741 00:46:03,658 --> 00:46:07,098 or a double-edged sword amplifying regulatory overreach? 742 00:46:07,158 --> 00:46:07,558 What do you think? 743 00:46:08,418 --> 00:46:09,778 I'm going to go with the first one. 744 00:46:09,898 --> 00:46:13,578 I mean, I think you're seeing accumulation by governments here. 745 00:46:13,658 --> 00:46:15,538 U.S. has 328,000 now, 746 00:46:16,438 --> 00:46:18,178 and a lot of that's through auctions. 747 00:46:18,678 --> 00:46:21,358 No, some has been auctioned off previously to that. 748 00:46:21,818 --> 00:46:25,298 China has 190,000 from the plus token case. 749 00:46:25,298 --> 00:46:28,498 United Kingdom is 61,000 from the Keyon case. 750 00:46:29,078 --> 00:46:30,838 Ukraine is 46,000. 751 00:46:30,958 --> 00:46:34,138 Germany had 50,000 sold, 50,000. 752 00:46:34,218 --> 00:46:35,418 El Salvador is up to 7,500. 753 00:46:36,598 --> 00:46:38,118 UAE is up to 6,400. 754 00:46:38,338 --> 00:46:39,958 Bhutan is up to 6,000. 755 00:46:40,798 --> 00:46:42,058 So maybe not as high as we thought. 756 00:46:42,178 --> 00:46:44,558 Netherlands up to 500 through cybercrime seizures. 757 00:46:45,098 --> 00:46:46,158 And the list goes on and on. 758 00:46:46,238 --> 00:46:48,738 Even North Korea is rumored to have 800. 759 00:46:49,978 --> 00:46:52,238 So I think this is incredibly bullish. 760 00:46:52,498 --> 00:46:54,098 Yeah, it's the hash war theory. 761 00:46:54,098 --> 00:46:55,158 It's coming through. 762 00:46:55,298 --> 00:46:56,498 All right, let's move on here. 763 00:46:57,758 --> 00:46:58,858 All right, chain analysis. 764 00:46:59,298 --> 00:47:03,158 Yeah, what did you make of this little news item here? 765 00:47:03,238 --> 00:47:04,178 Well, let me read it to you. 766 00:47:04,178 --> 00:47:18,158 So chain analysis sees 2026 focusing on compliance, scalability over rulemaking, an evolution towards mature markets or a subtle barrier raising for small players. 767 00:47:19,958 --> 00:47:22,958 Yeah, I mean, it's obviously both, right? 768 00:47:22,958 --> 00:47:31,138 I mean, they're right in that they're shifting over from rulemaking to compliance, and it is going to create a barrier for smaller players. 769 00:47:32,698 --> 00:47:35,138 We see it every day in our business. 770 00:47:35,438 --> 00:47:44,878 I mean, we've been highly compliant from day one, but now they really want to get in and they really want to make sure that you really are truly as compliant as they want you to be. 771 00:47:45,478 --> 00:47:50,518 Whereas before, as long as you were seemingly following the rules, there weren't a lot of questions asked. 772 00:47:50,518 --> 00:47:53,638 But now they want to actually get in and see the inner workings. 773 00:47:53,978 --> 00:47:57,178 So I think this is truly the case 774 00:47:58,058 --> 00:48:02,278 in that it is going to be now more and more difficult 775 00:48:02,278 --> 00:48:07,178 for a small crypto company to come from the bottom up out of the garage 776 00:48:07,178 --> 00:48:11,858 and become a big player because there are going to be pretty significant 777 00:48:11,858 --> 00:48:15,958 regulatory moats that have existed in the traditional financial system 778 00:48:15,958 --> 00:48:20,398 for decades that are being imposed through this new rulemaking 779 00:48:20,398 --> 00:48:22,538 onto the crypto ecosystem. 780 00:48:23,658 --> 00:48:28,078 Yeah, I mean, Operation Chokepoint 2.0 was successful. 781 00:48:28,838 --> 00:48:32,938 It crushed a lot of nascent and emergent players, 782 00:48:33,898 --> 00:48:35,558 maybe some rightfully so. 783 00:48:36,198 --> 00:48:38,938 And it's now entrenched a lot of incumbents 784 00:48:38,938 --> 00:48:39,938 from the old system. 785 00:48:41,038 --> 00:48:43,338 And they'll have an easier time, 786 00:48:43,438 --> 00:48:46,278 the incumbents of entering the system in the future 787 00:48:46,278 --> 00:48:48,818 by acquiring or, you know, so. 788 00:48:48,818 --> 00:48:50,058 So, yeah. 789 00:48:50,158 --> 00:48:54,198 And then the war continues with Keone Rodriguez, Samurai. 790 00:48:55,038 --> 00:48:58,358 It's very similar to what happened in the internet. 791 00:48:58,718 --> 00:49:01,018 It's similar to what's happened with a lot of technologies. 792 00:49:01,698 --> 00:49:03,818 It will probably drive a lot of M&A. 793 00:49:04,858 --> 00:49:08,838 And, yeah, we're going to get a lot more. 794 00:49:08,838 --> 00:49:13,658 And look, the main takeaway for Bitcoiners, do not give up your self-custody. 795 00:49:13,658 --> 00:49:19,638 Self-custody is the antidote to all of these issues and fears that you have. 796 00:49:20,698 --> 00:49:26,218 Be compliant, keep your nose clean, and hold your own Bitcoin. 797 00:49:26,578 --> 00:49:29,418 And don't get involved in any of the derivatives thereof. 798 00:49:30,298 --> 00:49:33,538 Yeah, and this is Bitcoin Center, live stream number 35. 799 00:49:33,838 --> 00:49:35,918 Please hit like and subscribe if you're enjoying the show. 800 00:49:35,998 --> 00:49:37,058 It's brought to you by Byte Federal. 801 00:49:37,538 --> 00:49:38,598 Go bank yourself. 802 00:49:39,038 --> 00:49:42,018 They got the Bitcoin ATMs, the point of sale, and the Bitcoin wallet. 803 00:49:42,018 --> 00:49:43,698 It takes self-custody now. 804 00:49:45,338 --> 00:49:46,998 If we have any questions in the chat, 805 00:49:47,078 --> 00:49:48,178 but please hit like and subscribe. 806 00:49:48,518 --> 00:49:51,198 Tune in every Tuesday at 3 p.m. Eastern, 807 00:49:51,778 --> 00:49:52,678 maybe 2 p.m. Eastern. 808 00:49:52,678 --> 00:49:54,218 2 p.m. Eastern, yeah. 809 00:49:54,678 --> 00:49:57,038 So every Tuesday at our new time during the afternoon. 810 00:49:57,878 --> 00:49:59,118 If there's any questions, 811 00:49:59,218 --> 00:50:00,678 I hope to see you guys next week for sure. 812 00:50:01,338 --> 00:50:03,178 Francis, do we have anything before we roll out here? 813 00:50:03,638 --> 00:50:04,298 No questions. 814 00:50:04,738 --> 00:50:05,138 All right. 815 00:50:05,778 --> 00:50:07,618 Let's make it a great 2026. 816 00:50:08,018 --> 00:50:11,878 Yeah, I think it's going to be a huge and awesome 2026 for sure. 817 00:50:12,018 --> 00:50:12,758 Love you all. 818 00:50:13,698 --> 00:50:14,018 All right. 819 00:50:14,078 --> 00:50:14,858 See you guys next week.