what's up not bitcoin that's true why do you think that is um
i i mean i don't know technically i mean i guess liquidity obviously has a lot to do with it
my tinfoil hat perspective is that there there are
groups that would like to see bitcoin lower to accumulate more prior to
rates being lowered more prior to liquidity injections.
If there is something brewing in the repo markets
and in liquidity in general,
raising liquidity now for future buys
could be a strategy that people are implementing.
I just generally feel like when I look at 2026
and the amount of debt that needs to be refinanced,
that the powers that be would like to have some cover
before they pump liquidity.
And having some sort of contraction as cover
for liquidity injections,
which will eventually drive inflation,
but if you have a crisis of some sort,
you can, you know, everyone's been like, oh, thank you, you know, for putting out the fire.
And that the inflation that comes after that will be somewhat overlooked. It gives you sort of a time
delay, right? Because the end result of all this money printing is going to be pretty
significant inflation. And the government wants that. The government wants to refinance their debt.
corporations want to refinance their debt and what what better way than a crisis to justify
lower rates on liquidity injections so we might see i i you know i get the sense that it's a good
time to be very careful and prepare to acquire as much bitcoin as possible at some point in the near
future whether that's two or three months six months i don't know but i feel like there's a
going to be a great opportunity on the horizon and nothing like a false flag a repo crisis a
you know and i and i guess what i would be looking for like does does the s p start to contract hard
now i mean gold is sold off bitcoin is sold off these are liquidity driven assets if the stock
market follows if the dollar strengthens this dollar just went over one this could yeah this
could start to accelerate into a really really good buying opportunity so i'm generally i like
and i guess this is a is a probably just by being in cycles of bitcoin when it goes down
I start to get excited. And when it goes up, I always feel like I don't have enough. And then
it goes down, you're like, oh, here's my opportunity. So yeah, I would say like, you know,
start selling stuff, start raising liquidity yourself as well and figure out where you're
going to scrounge every last dollar to get as much Bitcoin as possible before there's no more
opportunities. Because this contraction and volatility that we've seen in Bitcoin this whole
year every time there's been a little drop it's been bought a little drop has been bought so there
is and even this drop like when we broke 106 i thought this thing was going to cascade i thought
bitcoin was going to just collapse rapidly into 90 000. this has been pretty slow considering what
we've seen in the past when bitcoin just and only still 20 30 off of a local yeah up here yeah so
It's kind of normal for a bull market, if you will.
Some people think this is the beginning of the bear market.
And maybe we only go down 35%, 30%, 35%,
and the buying pushes it back up.
And maybe we stay in this tight range.
I hope not.
I'd like to see a real sell-off.
I'd like to see people really get flushed and capitulate.
Yeah.
And get the fear and greed index into single digits.
I mean, isn't this kind of capitulation
on an asset of this quality and value in this part?
of its site trajectory i looked at the fear and greed index one time today and it was like 20.
well coming down to what the 50-week moving average yes do we bounce off that or i guess
probably a little bit a little bit but i kind of would like to see that that get broken
and get a real flush before i got aggressive about buying more right really break all trend lines
yeah really just hope you hear the out of everybody leverage longs whatever yeah speculation right
really shake it all out that's that's like these are like if that's what we really need you probably
if you just if you just bought if you just bought bitcoin at 100k or 120k because it broke out you're
like yeah we're gonna go to 150 we're gonna go to 180 220 whatever okay so you you you bought at the
wrong time big deal bitcoin will be above that price at some point in your horizon and now is
an opportunity to get more than you thought you could ever get in the bull markets right so bear
markets always end up for hodlers and people that are really on the bitcoin mission these are the
opportunities that you should be waiting for that you should be excited about i know that that fights
like all your gut instincts um but they pay off and i every time i've seen the fear and greed index
go into single digits, it's been a great opportunity.
I wonder what the mayor multiple's at.
Let's get into the show.
Welcome to Bitcoin Center, brought to you by Byte Federal.
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Let's do it.
All right, let's get into it.
Let's be real, right?
Praising Telegram for launching a Bitcoin wallet.
I've always felt like the daily Bitcoin, this digital currency that's out there that people say, oh, it might be the next big thing.
What do you think?
I think it's rat poison.
Bitcoin.
She never heard him a few weeks ago.
Now everybody's talking about him.
But is it a currency?
I don't know.
Or is it more like a stock?
Or is it a tulip bowl?
Or is it just stupid?
But to me, it smells like Ponzi scheme and the greater pool theory, right?
You do like five minutes of freaking research.
Well, thanks for coming to my set talk.
Don't buy shit, Quentin.
Oh, man, I didn't get that wrong.
All right.
Bitcoin's recent rally.
Do you agree?
Is crypto finally dead?
Go to the next one.
Matter of fact, they're kind of in the Ethernet.
What are they?
Some rumors that it's a Japanese guy, but they know that he's a fake name.
It was a pseudonym.
I mean, you're literally putting real money onto a system that we don't even know who created it.
It will come to a bad ending.
Is this the most exciting bull run ever?
Not for me.
No, it's not.
Welcome to Bitcoin Center, the fast-paced show where the debate is the story.
All right, Cedric, question number one.
besant is praising bitcoin as trump eyes him for fed chair as treasury secretary scott besant
celebrates bitcoin 17 years of flawless uptime calling it more resilient than ever donald trump
publicly mused about making him the next fed chair what would a besant chairmanship mean
i mean he definitely seems like a shrewd character but i don't think that's any sort
of guarantee for i mean obviously i think he wants bitcoin to go to the moon or whatever and who trump
percent okay but i don't think like that why do you think he's well i should say go to the moon i
think i think percent is bullish i think he's building the economy around stable coins and i
think they need bitcoin price appreciation to continue demand for stable coins and crypto sure
and the narrative yeah and so bitcoin goes to zero that does not help that doesn't help any of it so
So they want Bitcoin to eventually go up in price.
I think it's part of the regime's diet for the balance sheet.
But that doesn't mean that just appointing him chairman of the Federal Reserve
is like pressing a green button and everything just goes.
I think that's Trump's way of saying, good job, I like this guy.
Yeah, and he's throwing him in the mix and he's testing things.
But I do want to read the tweet.
17 years after the white paper, this is a percent.
17 years after the white paper, the Bitcoin network is still operational
and more resilient than ever.
Bitcoin never shuts down.
Senate Dems could learn something from that.
Yeah, so that's some good trolling.
It's trolling.
Right?
I mean, this is all political theater.
Yeah.
But I think it's a big part of their narrative
and part of their financial outlook and scheme here.
So I can hear the future tweets.
Well, you know, since the Democrats
keep putting everything shut down,
and liquidity's drying up
and now we got this problem in the markets
and blah, blah, blah, blah, blah, blah.
Boy, they're just setting the Democrats up
for the blame, right, on this one.
But I don't like this sort of politicalization
of Bitcoin in terms of being,
I like the Orange Party
and right now it's a little bit of a political football
and that could change in two to four years
in terms of voting.
So let's move on here.
It suits their story.
All right.
Seyfedine calls out Malay's textbook
Keynesian nonsense.
After quadrupling
Argentina's money supply in two years,
President Malay now defends it as
preventing deflation from under-monetization.
Is this the moment libertarian
reform turns into the same inflationist
logic it swore to destroy?
Yeah, look.
I mean, Seyfedine's right, but I don't
think that you can expect
any
politician to take a deflationary posture or pursue a deflationary posture or policy.
Because if you're in the government and you work for the government and your role is to manage the
government, then inflation is what you need to devalue the debt. The greater the inflation,
the less valuable your debt is. And now he's fully in bed, right? With the U S financial
industrial complex. He is a district manager for the U S. And so he's all set on following their
protocol, which is we're going to make stuff cheap here. We're going to inflate our monetary system.
you can buy our assets you can extract our minerals and i'm i'm good right i'm your buddy
right like you're gonna take care of me right so he's playing political games for yeah but he's
also it seems like he's just reading lines and he's playing almost like different roles at
different times within within the times like a politician totally yeah but he politics on not
being that way wait a minute any politics on austrian economics yes so it's either like
massive trolling sort of like demoralization campaign as well because it's it's do you know
what i mean argentina you mean this is totally demoralized for well i think this is like this
is demoralizing though like the continuation of but he just i mean he said one he won by a landslide
yeah so are like the what apparently what's happening in argentina is exactly what's happened
here in the united states people continue to vote for for uh this is more extreme the popular figure
and they vote for the guy who says the right things and they don't really think about the
actual outcomes right but also the politicians never both sides whatever don't do the things
they are voted in to do.
So it's even hard to then measure
the thing you voted for,
whether it didn't get done.
Anybody gets in power
and they are going to do what benefits
them maintaining power
and what benefits the government.
And then the people are the last
ones. They get
what falls off the plate.
Yeah.
So I'm writing
a sub stack. I think
what people should think about is we don't have an IPO for Bitcoin, but this last four months to me
feels like sourcing the pricing of the IPO where the original investors are getting out of large
chunks. Now, why is there ever an IPO for monetization? If someone has 9 billion in Bitcoin,
I mean, I think they should diversify a little bit. If it was related to China,
Guess what China has now that they haven't had since 2014, 15?
A bull market in stocks.
Guess what else people have?
Well, they have the chance to invest in AI.
AI is a 10-bagger in many cases.
You've been able to do it in the public markets.
So I think at some point, Bitcoin becomes a boring asset to people who are looking for
three-baggers, four-baggers, five-baggers.
It becomes a diversification.
So I think this is just a distribution of a few massive holders.
and the weaknesses I have heard about Bitcoin as I've gotten into it from institutions,
it's too volatile, not too volatile anymore. We've taken the implied volatility and the actual
realized volatility down to 30 and below in some cases. So the vols come down. Okay, what's the
next thing? Well, it's too concentrated in ownership. I mean, I've gone through the numbers.
When you add Satoshi's wallet, you add the other whales, you're talking about about a third of it
has been owned by not many people. I think like 10,000 is the number I heard, regardless of what
the right answer is. Every month, the Bitcoin, Ibit, outstanding shares goes up. It's up again
this month, even though the price is down. So I think everyone that's depressed has actually
become entitled. I think they think it's a risk asset. Oh, there's another one. This is just a
risk asset. Okay, well, it's not going up with the NASDAQ, so that's good. Lower correlation.
Well, it's just digital gold. Well, it's not going up with gold. So guess what? In portfolio theory,
for everyone who hasn't bought any yet, I think with your stocks, with your gold, with your bonds,
Now there's every argument to make. It's lower volatility now, lower correlation with the other
traditional asset class, diversification from gold. I think this thing is going to move higher.
I was wrong about where I thought we'd be at this point. It's still up for the year. I think once
this consolidation is done and we through the IPO process and the fundamentals take over next year once we get through clarity and the beginning of tokenization and the stories of zell and everything along those lines i think we going to have an
acceleration all right all right i don't need to regurgitate the question but do you think he's
right in regards to this becoming a low volatility maybe longer steadier climb is the area also makes
It's a comparison to sort of the Facebook IPO and the Amazon IPO.
Yeah.
And so I don't buy the IPO.
Well, you sort of have a concentration of holders during pre-IPO.
Yeah.
And what he's saying now in the Bitcoin market is you finally have tremendous liquidity.
You know, all the original concentrated holders are going to sell into a bull market.
So there's actually a continuous bid.
and the market's actually deep enough that if you had 100 million in 2019 or a billion in 2019
you'd move the market if you sold okay but so now you see slow this is argument that's all i'm
i know i know and i think it rationalizes the side would the sideways chop solidation sure
and it kind of speaks i agree to that yeah and well he speaks to sort of like when you looked
at the Facebook IPO, there was a bull market around Facebook for two years after the IPO,
but the stock went sideways in what should have been a bullish time for Facebook. But it's all
the original. I get it. You get it. So and there's positive things about distribution
and it becomes harder for each individual to have, you know, to be able to move markets and
things like that. So it's an interesting report. I think it's a great rational outlook. He may be
right what's happening but why why if you had a billion in bitcoin plus yeah and you wanted to
diversify why would you not borrow just 10 of your portfolio diversify bitcoin goes again borrow
another 10 diversify more yeah uh well you're still then you're still concentrating your risk
to some extent depending on how you structure that that that loan and that leverage you're still tied
into one thing sure um some people don't necessarily there's like the case to be made right
and you have 10 billion in bitcoin smart and you diversify out two to eight billion of it and stay
and you're still but if you're still skin in the game and you have to remember a lot of these early
holders weren't in it because they believed in well that coin is the sole asset you said that
no maybe they mind a lot as a hobby maybe maybe they got coins locked in at silk road
lots of reasons people got in early uh and that helped do so much but now china bands
in my opinion if you did serious research about the reset that is occurring currently this is a
global reset restructuring of trade restructuring of power restructuring of currencies debt the
whole ball of wax it would inform you that gold and bitcoin are probably the two best assets to
own for the next decade yeah and then you're going to dump all these assets on the mark you know
however you can dump them and diversify at the wrong time so you that to me says oh so we're
assuming that the biggest bitcoin holders are guys that don't believe you're making the um
sort of the the notion that they that they wanted to hold this long and maybe they've just been
looking for their exit all along maybe and they've able finally with the size of their stack they're
able to actually the other thing i don't like about i don't agree with this is that if if you
if that's the case you wanted to diversify your bitcoin holdings because you're not really a
bitcoin you just happen to have a lot of bitcoin right um oh i totally forgot where i was gonna go
with this i'm trying to run through his piece here just if i could sort of get his answer to
that question he speaks about it you know sort of a passing of the torch oh now i know what i was
gonna say so if you wanted you know if if you're going to do this why what's the benefit of dumping
Bitcoin, even if it's any percentage of your holdings, into the hands of bag holders that
are not self-custody people.
They're not pro-Bitcoin.
Wall Street, in my mind, wants a pet rock.
They want digital gold.
Bitcoiners want to change the entire financial system.
and this is i guess where i maybe this is just my uh hatred of this idea that we're giving control
of a lot of bitcoin to institutions i think you have to look at it maybe more as bitcoin
is all like a roller coaster and a really fucking hard ride and a lot of these people
uh who have been on longer probably than you and i have been on the ride a long time and even the
best even michael jordan retires right and i think if you're like worth 10 billion
and you might not want to go back to down to 3 billion.
I understand that.
I'm not saying I understand that.
I'm saying they understand that because they're there.
But what I don't like is that let's liquidate our Bitcoin
by putting it in an ETF.
Let's liquidate our Bitcoin by putting it into a treasury company.
Let's liquidate our Bitcoin by doing these other things
that give control of that Bitcoin to people
that are not necessarily Bitcoiners.
I hear what you're saying.
That is, to me, a longer-term risk to the project.
And so that, I don't mind people selling and diversifying.
But Dr. Adam Back is a case study in public of someone who's been either lending or selling his Bitcoin to Bitcoin treasury companies, right?
So then sell it in MNAV to Bitcoiners and dilute their purchasing power.
In my mind.
And so it's like, think about, he had all the reason to have aligned incentives in all of it.
Yes.
And you're not seeing it play out that way.
No, that's.
He's giving up control of his Bitcoin, whether through sale or lease.
That's not...
So I'm saying he's indicative of longtime bag holders in a way.
I mean, he's...
I mean, yeah, look, you can't...
Whatever.
Everybody's going to do whatever they're going to do,
and they're free to do whatever they want to do.
Yes.
And I think you're seeing that happen.
I am just dismayed by...
I hear you.
I'm with you.
More and more institutions holding more and more coins.
I would rather see the price drop
and have more individuals
come in and own their own Bitcoin
and hold on something else.
I'm with you.
I think
for whatever reason, the marketing plan
did not get that across to the whole world
in the first 16 to 17 years.
And it might not
get easier to get that pitch across.
That doesn't mean that
everyone's beyond reproach.
Yeah, we need to have a core group
that's the same.
We need the smash core, Bitcoin core, shitcoin core.
Bitcoin, if it were money, would be base money.
It's not a claim or an IOU, which is what inside money, to use the expression Bob used, is.
So Bitcoin can't be anything but a base money if it's money at all.
Whether it's money at all depends on how widely used it is as a medium of exchange.
So then the question that grows out of that is, can you have a fractional reserve banking system develop on top of a Bitcoin standard?
and the answer is in principle you can whether the regulators would ever allow such a thing of
course i doubt it very all right i'm actually going to go back to geordie vissey's report
because i found the answer his answer okay the psychology of the original holder put yourself
in the shoes of someone who mined bitcoin in 2010 or bought it at 100 or even 1 000.
you've held through mount gox through china bands multiple times through the 2018 bear market through
through COVID, through regulatory uncertainty, through mainstream media calling the scam for
over a decade. You believed when almost no one else did. You took the risk and you won.
Bitcoin succeeded beyond almost anyone's wildest expectations. But now what? You're sitting on
generational wealth. Life circumstances change. Maybe you're approaching retirement. Maybe you
have kids in college. Maybe you want to diversify into AI or buy a Jeff Bezos-sized yacht, start a
business, or simply enjoy the fruits of your patience. And for the first time ever, you can
actually exit your position without destroying the market. That's new. For years, the liquidity
simply didn't exist. Try selling 100 million of Bitcoin in 2015. You'd crater the price. Try
selling a billion Bitcoin in 2019. Same problem. The market couldn't absorb it. But now ETFs are
providing institutional bid. Major companies hold Bitcoin on their balance sheets. Sovereign wealth
funds are getting involved. The market has finally matured to the point where early holders can exit
significant positions without causing chaos. And here's the crucial insight. They're doing it during
a risk-on environment specifically because that's when buyers have capital. When stocks are rallying,
when confidence is high, when liquidity is abundant, that's the optimal time to distribute.
Selling into fear would crater Bitcoin. Selling into strength elsewhere. That's just smart
business. This is what the OG whales have been waiting for, not price, price they've had,
liquidity market depth the ability to actually exit the mission is accomplished bitcoin proved
itself now comes the reward and and i think you could say before i would think you'd say well
jordy you know me she's definitely trad fi he bridges the gap here i think he does a great job
but like that's a very trad five view but that's probably where their world and they're like all
the voices around them are probably sure you know and i'm not saying that these these weren't ballers
back then and had balls and tons of chutzpah but their lives have probably changed or however
you know and and he's just guessing here but like it's possible i i don't know it's possible um
and that doesn't mean that they're selling to zero i would love to see somebody it doesn't
mean they're not borrowing against i would love to see somebody create an otc desk that just
takes that nine billion and just liquidates it to plubs give it to plubs yeah we've got a like
i don't know well then you're eliminating buyers and that's you know sell uh that's price pressure
George Selgin, Bitcoin's fixed supply isn't the holy grail.
Oh, that's weird.
Economist George Selgin argues that Bitcoiners are wrong to think infinite divisibility makes a fixed money supply immune to macro problems.
Warning that when money demand rises faster than prices can adjust, economies can stall.
Is it time for Bitcoiners to expand their thinking from full reserve banking toward Selgin's free banking model?
where bitcoin acts as base money and market issued credit flexibility meets short-term
demand without central bank bailouts yeah so i mean in my mind this is a tradify economist
talk for i want this to be a pet rock like gold and we wanted to support the dollar we wanted to
support fractional reserve banking bitcoin was built to destroy fractional reserve banking
Bitcoin was built to take on the central bank.
Bitcoin was built to allow you to bank yourself.
That's the whole theory.
And I think TradFi economists have a hard time
either crushing their entire lifetime of belief and work
to that something could work better than the model that they supported
and understood and have built their entire career on.
and and and he said that in that quote he said like yeah you know we could build a fractional
reserve system on top of bitcoin like they're just applying and i'm not taking anything away from his
his he knows more about economics than i've forgotten right like he's but i i think if you
were to take the view of a fully reserved financial system on a bitcoin standard then you could once
you start to grok that then you could start to look at what jeff booth says and how he describes
a deflationary economy that's prosperous for humanity right that's that drives abundance for
humanity now that flies in the face of the model we're in now where all the wealth flows to the top
all the wealth flows to the one percent that are in bed with the financial system and so i think
that breaks their models it breaks they can't imagine it and or they don't want to believe
they don't want to yeah they don't want to believe it right yeah so i think they've heard the stories
they say that's the story to me that's not this also is why i get so frustrated with
everybody giving their bitcoin to wall street or just buying the etf and not having self-custody
they're missing the original context all of it i think i mean this i think this year has been an
inflection point on that oh yeah huge beyond sort of the this ipo moment it's what you're saying is
sort of the the the ethos is being consumed in a lot of ways yeah it's all about it's not being uh
propagated further no um it's all about a thing that i can buy that goes up forever right that's
like an investor's wet dream right i used to always say to my clients when i was managing money for
for individual clients i know you just want the thing that goes up right because that's really
all they want like that thing went up how come i didn't own it like they didn't want to talk about
yeah sure right because i mean any of the the like bigger structural issues that really would drive
wealth right they they just i want the thing that goes up right and no no understanding of the
internal workings of the system so it goes back to sort of uh you know water your weeds and uh cut
your flowers yeah yeah so it's like sell something i did well on yeah and go buy that other thing i
have no faith and conviction and go find the next thing and i'll buy some and it ends up being a
weed whatever let's move on all right all right i'm asking you a question now hrf yep the quantum
threat to bitcoin the human rights foundation new report outlines both the technical and moral
roadmap for preparing bitcoin against future quantum attacks will uh saying it will require
years of sustained research does this mark the start of a coordinated global effort to make
bitcoin post quantum secure yeah so i think it's quite interesting that the quantum thread is being
rolled out if you will around sort of the the the implementation wars right so uh if you go
through these key takeaways uh the first one is like 1.7 million bitcoin uh in very early addresses
right so these are the most potent these are like dormant or you know maybe lost right so they're
really vulnerable to the long range quantum attacks i don't know the difference between short and long
there's an additional four and a half million bitcoin are vulnerable to the long range quantum
attacks but owners would be able to move them or secure them right so we can kind of right and then
there's uh short-range quantum attacks could enable the theft of bitcoin during transactions
while public keys are exposed.
So maybe actually short range
is like these sort of these attacks
that kind of like
why you're trying to move the keys
to the secure addresses, right?
Researchers are working to solve
for both the short and long range attacks.
Okay, here, this is where it gets spicy.
One proposed solution
is to upgrade Bitcoin
to include a quantum secure address type,
which would protect anyone
able to move their coins.
Another proposal addresses what to do with the coins that no one can or is willing to move Burn them so that thieves cannot plunder them but sacrifice Bitcoin neutrality in the process
And then there's another.
So let's discuss that one in a second.
But there's also quantum resistant transactions would be significantly larger in data size than existing ones.
so this could dramatically increase the size of the blockchain which is already facing scaling
challenges okay right so we it's like not first core i think is this sort of false dichotomy
probably right but we do need to figure out what to do with implementation and core and you know go
move forward and governance but then you have like what you know could be a real threat or maybe is a
real threat i don't know how much time we have before quantum comes then you get into this like
If people aren't willing to move their coins, that's a weird...
If no one can, coins that are lost or people died or they don't want to move and protect their coins,
we're going to secure them for that.
This is where...
This is when you start to question people that have been...
And the solution seems to have its own scaling problems.
I haven't heard why it has to be a larger transaction or anything.
you know but you know so there are so many things there that are uh slippery slopes and and problems
and but if this is to the extent that this is a threat or any sort of like we need to move fast
or anything we don't really have the governance or sort of like way to achieve consensus on these
bigger issues right now because this is prop i mean there's so many things that i kind of my number
one core knots why are we why are we battling so hard about uh this op return debate as opposed to
like solving real problems right right like we could have just done okay we'll move it up to 160
end of discussion let's all focus on the real threats to bitcoin yeah i agree if you propose a
solution to a real threat i think you'll get consensus on making the change number two
part of me says like if somebody's not willing to move their coins and those coins get stolen
that's fine that's like that's how yeah that's how people shouldn't intervene the coins aren't
gone the coins aren't gone yeah they're just redistributed which ones can and can't be who's
willing and won't right so all of them should not be sort of scooped up protected right and i think
all this assumes that some white hat effort is going to beat the black hats yeah and i don't i
would not bet on that no i would bet on the black hats to figure out how to move things before you
can secure them i mean there's a giant reward out there for somebody that can break it yeah
and i'm uh but i i you know the the bottom line is i think is that the bitcoin if it's if you know
This giant monetary network, and if we have enough people with enough wealth stored in this protocol,
we should come together to figure out what the solution should be.
And that's the kind of problems we should be working on at the core developer level.
Not worried about, can we fit a JPEG in there or an image?
The interesting, this is where maybe AI helps us.
Maybe.
you know because i i think you know you start looking at six seven hundred thousand lines of
code and it's beyond any one human's ability to augment the code in a way that they could
understand second and third order effects yeah i also it's almost beyond the ability any one
person's ability to review i also don't want people to feel like oh my god this like this is
eminent well maybe that's why maybe the price maybe for this is uh you know start nine i don't
this is in the show but start nine was like we have never sold a sap before from our treasury but
at 117k when we saw that there's a high chance of a soft fork we sold some sats for the first time
interesting you know and i do think that soft fork what like that spooked them maybe i'm misdee
maybe they thought but i think it was a software let's move on but the point is i could see that
the price is reflecting this a little bit yeah and i get i get but you know also you get like
massive range between when this threat is going to be real and so i don't even know that we really
know the truth about that no we don't but i no we don't that's why i wouldn't be in a rush to move
anyone's coins who's not who can't or won't like this isn't i i don't think people should be afraid
that's not a very bitcoiny i think like solution or suggestion to move other people's coins no or
to burn them or just redistribute them or anything people even consider that yeah now that was the
human rights foundation i'm just noting that but um so all right let's move on to the lightning round
is it like the resentment of work comes from the feeling that it is both necessary and yet somehow
pointless it's like you you don't have a choice to do it you have to do it because you'll starve
and die if you don't and yet doing it doesn't achieve anything you're still it's like you're
on the you're on the treadmill you're on the fiat treadmill this is a this is a bitcoin meme right
um or the is it the hamster wheel i forget is it you get what i you get what i mean right like
you're you can't get off it right it's like sisyphean yeah and it's perfectly legitimate to be
to relate to this and to be angry about it a good way to inoculate yourself from this assuming you
want to is to see bitcoin as savings um because for a number of reasons i mean one is if you're
clear about it being savings and and you you know you've thought seriously about what that means
you won't mistake it for an investment because that's something else these are these are or at
least should be distinct concepts shit coins are clearly not savings they're clearly they're not
even really investments they're they're just gambling um and i think that's also more cleanly
addressing what the the the kind of culture of resentment around fiat work has destroyed in the
first place right it's again exactly as you were saying it's not that work is bad work is good work
is fundamentally very, very good.
It's that working without the ability
to transform that into savings is bad.
What do you think?
I think Alan Farrington's awesome.
Do you think Bitcoin educators
should lean harder into framing,
this sort of framing,
instead of, you know, number go up?
I do.
So like the Fiat treadmill
or the hamster wheel, so to speak,
i think all of us at one point in our lives unless you're in that one percent category have felt that
and i i definitely relate to that um and well i think maybe there's some people who aren't in the
one percent who enjoy what they do sure maybe they don't know i'm not they can't afford to save at it
but yeah no what i'm getting at is that i think a lot of us over over time have made decisions on
i'll take this job because i will get paid more as opposed to i will pursue this route because
that's what i'm really passionate for right and so when you're making those decisions you're sort
of diverging from your real purpose and your real mission in life for fiat gains and this is one of
the things that i think a lot of us realized about bitcoin early on is that holy smokes this is my
opportunity to create abundance in a way that will allow me to eventually pursue my passions.
And you go back to the history books and you read about the golden age and how people could be
endowed with a small percentage of gold. Maybe they inherited it from their family, but that
would give them a base level of living that would allow them to pursue their passions. This is when
the greatest art was created the greatest music was created the greatest buildings were built
right and and we as a bitcoiner i'm hopeful that we can return to that kind of human experience
but that in a world that requires you to pay to be alive you need to beat inflation and that
inflationary hamster wheel is going to be spinning so fast over the next decade
that if you're not aggressively saving in Bitcoin, how would you ever get off that hamster wheel?
And I think this is some of the nihilism that a lot of the millennials and Gen Z feels.
And there's such a wide chasm between understanding the financial system that you're taught
and understanding history that you're taught
versus true history,
the true structure of the financial system
that impoverishes you over time
versus opting out into a Bitcoin standard
and saving in Bitcoin to build prosperity and wealth
for you and your family.
And it's a long-term solution, right?
It's not a trade.
You don't buy Bitcoin, sell it, and all of a sudden you're wealthy, right?
It's not a shit coin that you got lucky and you bought for a penny and now it's trading
at $100.
This is a long-term, highly probable solution to your problem, but it takes you having that
vision, that understanding and belief so that you save in Bitcoin continually until you
reach that point.
And you might not be doing it for yourself.
You might be doing it for future generations, your children, your grandchildren, whatever
you can do but once you grok that uh everything that alan is saying makes sense and and that is
your way out right this is this is these people that we talked about earlier selling 9 billion in
bitcoin right they've they've released themselves from the hamster wheel and so there's a there's a
trajectory here for you to achieve that but you have to follow the program you have to buy the
bitcoin you have to save it you have to hold it and you have to keep doing it so i i agree with
everything alan is saying yeah he's brilliant all right let's move on to the next one here
all right so october flops bitcoin supposed october streak finally fizzled dropping seven percent
uh probably more now since this question's been written but officials uh struck a hawkish tone
was the myth of october rallies just a myth or did a pullback simply or was a pullback simply
overdue i mean it was it was a myth in the sense that it was a limited sample size of october's
that we're dealing with here right you know and i just think it's irrelevant i don't think this is
something we should dwell on here october and right but uh i mean like i mean obviously it went
down and opto october didn't exist not saying that we shouldn't dwell on it like oh didn't happen but
i i just don't think it was something that's guaranteed because it happened in the past yeah
we have we have and i think it was a lot of hopium i mean just right we have like three four-year
cycles to look back right exactly and that's a very tiny sample set like you said um there are
16 or 17 octobers is not a big sample set no it's not it's not it's not predictive or uh anything like
that i i think that was uh that probably maybe that was a uh driven by havings when the havings
were big but now we have much bigger players in the market we have much bigger totally different
animal let's move on to the next one here uh jamie diamond crypto at one point he was still
gotten away with no damage so far crypto is real it can mean blockchain stable coins you have a
jp morgan deposit coin you can move stuff smart contracts reveal all that stuff is real it will
be used by all of us to facilitate you know better transactions and all right i mean that's just jamie
being jamie and you know he's always been jp morgan's always been a crypto supporter with with
with ETH.
He's just never really talked about it,
or they never really talked about them being part of the origin of ETH.
I wonder how much of that was driven by him sitting next to Larry Fink.
What I mean is when he's on his own, he's like,
I'm screwed.
Oh, sure.
And then he's got to be covered.
And then he's sitting there with the largest ETF,
the most successful ETF in history.
He's the authorized provider on it.
Yes.
Or participant.
Right.
so right and we do know jp morgan uh was basically instrumental in developing a lot of the eth code
right a lot of the smart contract code and they sold it all the consensus yeah right so you know
the stable coin that they created was on ethereum so yeah is he saying he's saying this now because
wall street is now behind this and wall street now wants to make money with this
so he's still very careful to keep it on the crypto side yes he's not he's not he'll make
money on the back end with the bitcoin in the back office but yeah he's not gonna he knows right but
he's he's known all along and yeah you know he's jamie the gangster let's move on jamie the mafia
all right there's another one uh you you could all right plan b
sees bullish rsi chart guru that's questionable chart guru plan b pointed out bitcoin's monthly
rsi at 66 signaling sustained uptrend is following such technical signals still a smart bull play
or are these old school indicators giving a false sense of security?
What's up with the...
What?
I mean, it's all hocus-pocus.
Okay.
Hocus-pocus.
Historically, RSI levels between 60 and 70 have often preceded periods
of gradual price appreciation,
especially when accompanied by strengthening fundamentals
such as institutional inflows and macroeconomic easing expectations.
This really means nothing to me.
I think we just move on.
Well, I mean, what's funny about this or what's...
i get interesting about this is that he's wrong again yeah so because it dropped after this right
so this was written a few days ago so let's just move on let's not give it a lot of air good job
um plan b so here uh uh i'll read it laurence lapard powell's trapped and the printing has begun
laurence lapard says powell's nervous body language screams trapped as fed officials hint
at renewed asset buying, calling it the big print.
Is Lepard right that the Fed just flinched?
I don't think so.
I mean, I think Larry will be right in the long run,
and his thesis will be correct in the long run.
I just still believe that there is an incentive
to drop the market now.
Right.
So do you think Powell's actually nervous
about the moves he has to perform
perform and execute or maybe he nervous about how those moves that he has no qualms or like he knows he has to do for whatever their plan is but just how he received and how he perceived There a difference there
You know what I mean?
I don't think he's nervous about the moves they're taking.
I don't think he's nervous about what happens to the economy.
As a good Fed chairman.
Yeah, he wants to be seen well.
He wants to be seen well,
and he doesn't want to just drop interest rates
and pump the economy full of liquidity
and create inflation unless there's a big crisis.
right so we'll put 29 billion in the repo we'll put a little bit here we'll put a little bit there
we'll we'll make things but do you think his job actually makes him nervous i don't mean commute
the communications part of it because i can see anyone yeah you gotta go up and speak publicly
do you think he's nervous about speaking or do you think he's nervous about what they did before he
spoke or he speaks i don't think he's nervous about any of the moves they're taking whether
they work or not i mean i don't think he's yeah the reality of all of this is that the federal
reserve is owned by banks and their main concern is supporting right the banking system i think
they made their decision probably behind the scenes i think it sounds it sounds good to like
do things for inflation and do things for employment i think that's a nice about the
message and the plumbing but it's really about the banks and the plumbing liquidity and if you
know so he might be nervous like they might take moves that are unpopular and he's nervous about
how that's received.
But I don't think he's nervous about the move
they took. Do you get what I'm saying?
Yeah, yeah. I think he's like, this is what we gotta
do in the room, and then they gotta come out. He's like, oh, shit,
I gotta tell them, and they might throw apples
at me. And that sucks. I don't
wanna be the guy that has apples around me.
I don't think he has questions about what he's doing.
If you work... Okay, the banks
rely
on the Treasury,
the Treasuries
surviving.
right right fractional reserve banking relies on the treasuries surviving right massive inflation
will devalue the treasuries but his reputation will be crushed so if we can if they can engineer
a decline that then allows him to bail out the economy right what uh we didn't see this coming
like it wouldn't surprise me if there's a false flag between now and when rates go down and you
I mean, like with banking or war?
I don't know.
Not war, but you know.
I don't know where it's coming from, right?
Like what a great scenario for him and the treasury
and all the powers that be if all of a sudden
there was a terrorist attack on energy infrastructure.
Yeah, I mean, right.
And now, oh gosh, we have no choice.
We have to print, we have to create stimulus.
We have to do everything we can to rebuild this
as fast as possible
because everything's going to collapse if we don't.
then all all it's all off the table it's like yeah we'll take rates back to zero we're gonna
we're gonna support nuclear military uh is going to put nuclear reactors all over on trailers all
over the country to power back up the grid we're gonna build infrastructure like you've never seen
before massive stimulus i think it's gonna be a slower crumble i think it's gonna be a slower
crumble with no help coming for a long time well okay so that i mean that i mean i could see that
scenario as well but if you have high interest rates and you have a high dollar going into
the refinancing with the rates lower but slowly they will destroy the u.s government yeah like
the treasury will not be able to function all right let's see and i don't think that's in the
Let's move on to the next one.
This is an important one.
All right.
The U.S. seeks...
Oh, yeah, God.
The U.S. seeks maximum sentence for the samurai wallet developers.
As the U.S. government pushes for maximum five-year sentence against samurai wallets,
Kion...
Excuse me if I'm pronouncing your name wrong.
Rodriguez and William Hill.
Developers who say they built privacy tools to make Bitcoin work as intended,
is financial privacy itself now being treated as a crime in american court yeah yes 100 this is
why we talked about this is really bad yes so and there's why no one's working on anything but
stable coins and you know uh real world assets and tokenize this on if you don't layer one or
layer two if you're a bit because you know they don't want the government coming at them like this
and this is weird this is not i mean this is not weird but they're they're kind of really
going after intent like they are saying that the founders of the this samurai wallet intended for
this to be used by criminals that's an excuse you could kind of and they got them to admit
i'm not saying the admission is admission of guilt they got them to say you know uh i have
regrets around how he marketed it because the hint is you know they marketed it towards
black market dealers or money launderers or anything like this right they did no i'm not
saying they did i'm saying they got them to say they did they got the founders as part of their i
think their plea deal like to say plea deals are right right i'm saying so they got them to say
what they needed them to say though yeah but this is all about intent this is not about a money
transmission license.
This is not about...
This is just going to tell people that, like, if you're a Bitcoiner,
you have to realize
that you are a massive threat
to the status quo.
They're saying that the developers laundered
at least $237 million in proceeds from
drug trafficking, darknet
marketplaces, cyber
intrusions, frauds,
murder-for-hire schemes,
and a child pornography website.
Now, I think something like
Samurai should sit between most people
and their exchanges and all of these things, right?
Like, I think this technology should sort of be built
into everything we're doing in the back end.
Are dollars in your pocket anonymous?
Right.
So they made all these arguments.
They lost.
They were making a digital...
No, but they lost the arguments.
Okay, but...
So...
But anybody who gives a plea deal...
The defendant's crimes are not...
You know that plea deal is a manipulation.
The defendant's crimes are not predicated on a regulatory lapse,
but on the defendant's unambiguous desire, intent,
and actions taken to help criminals engage in money laundering
and sanctions evasions through samurai.
The conspiracy to commit sanctions evasion charge,
which too carries a maximum sentence of 20 years,
was also dropped in exchange for the developer's guilty plea.
So they'll get five years, these guys.
They can steal Russian assets.
They can sanction Russia.
They can recover coins, not give them to anybody.
what i'm getting at is it's the they got in trouble for bragging how the government is not
good for us the government wants private transactions the bank of international
settlements wants private transactions the federal reserve wants private transactions
they don't the cia they want private transactions the imf wants a private transaction anybody who's
in a powerful position doesn't want you to know what they're spending their money on oh 100 yeah
Well, they'll use real Bitcoin.
You get dollars in your pocket, or you get a wallet that has privacy tools in it, and you're a criminal.
So this is the...
I think this is important.
At another point, the memorandum quotes a Twitter exchange between Rodriguez and a Samurai wallet user,
citing Samurai's focus on censorship resistance, highlighting that Rodriguez referred to Bitcoin as black market money.
I mean, they're taking expos.
Quips.
People are saying like a euphemism, an analogy.
I mean, this is...
Bitcoin has always been black market money.
Francis says we have to move on.
But this is, I think this is really bad.
You couldn't use the cyberpunk to defend.
It's a very scary precedent.
It's an omen.
It leads to the elimination.
This leads to the elimination of non-custodial wallets in the United States.
if that becomes a crime uh that is so i think that's on the back burner for now
i think that's coming we've lost i think that's lost the plot the plot yeah and we've gonna yeah
i agree let's move on all right i want mstr to stand for monster we want to create a monster
company we don't want to careen toward the future with an advantage you know we don't want to be the
talented fighter you know that kind of wins and loses and mostly wins and is a little bit sloppy
and undisciplined we want to create the the digital credit instruments that are two to four times
better than everything in the 300 trillion dollar market and we want to eat the world right and we
want to sell a hundred billion dollars of them and after we sell 10 billion then 20 billion then 40
billion then 80 billion when people go well aren't you levered we want to say well you know actually
our leverage is zero huh what wait what we have 30 amplification but we don't have 100 billion
of debt we have 100 billion of equity that happens to actually amplify the common equity let me
educate you on a new way to build a company so so i would say you want to boil that down it's a very
disciplined growth strategy we would rather coast and have a bulletproof balance sheet and a 75
billion company growing 30 a year than to stretch for capital or stretch for for some kind of yield
but but undermine the balance sheet and take on credit risk because you know some someone says
i'll give you 10 billion dollars tomorrow and it's you know it's senior to strc we just created
volatility and we crumpled the credit of the instrument that is going to provide a comfortable
retirement to a billion people. I don't want to be the dude that made a good trade that made 25
or made $50 billion by trading Bitcoin by using cheap corporate money. We don't want to be the
company that made 25 or $50 billion or a Hail Mary, or maybe we lost it by whatever, borrowing
money, however we can get it to buy Bitcoin. We want to be the company that provided a comfortable
retirement to a billion people and changed the world.
All right.
Will we read about this in history books in 20 plus years?
You'll read about it and you'll frickin' chuckle because you'll be like, I got screwed.
Because Alan Farrington's hamster wheel is going to be spinning at 15% and he's going
to be paying you 10.
So this is everything I hate about this point in time in Bitcoin.
is that it is all about Bitcoin for me, not for thee.
Let me handle your Bitcoin.
I'll give you a return.
And that is going to end poorly for everybody who falls for it.
He's a great storyteller.
He's a great salesperson.
He's doing what's right for his company.
No shame in that.
But you as an individual need to understand that if you take that bait,
you're in the mousetrap.
you need to hold bitcoin let it compound and build your own sovereignty do not fall for a 10
fiat yield when inflation is going to go way beyond that over the next decade this is your
comfortable retirement is not going to be comfortable in 10 years this is not how this
works great for Monster, not for you.
Bitcoin for corporations, maybe.
You need to get flat. You need to get out of debt.
You need to start building savings in Bitcoin. You need to figure out how to
feed yourself. This is
a pitch that makes you feel like everything's going to be okay.
The world is changing in dramatic ways. Are you going to have a job in the future?
Is AI going to take it?
Are you going to live off 10%, 5%, 7% yields when inflation is running at 15%, 17%, 18%?
No, you're going to want Bitcoin and gold, and you're going to want land, and you're going to want to be able to grow your own food.
That's the only place where sovereignty is going to exist over the next 10, 20 years.
And this just, it sounds good, but you're being suckered.
All right.
I'm with you.
let's move on uh you're gonna ask me about the digital euro yeah sure i'll ask you about the
digital euro the ecb pushes ahead with the digital euro the ecb's digital euro project moves into the
next phase tightening the link between money and state control under the banner of innovation
do policymakers even understand the monster they're unleashing or is this a case of widespread
economic illiteracy among many i think we've already all the above let's move on but like i
will just almost say is they aim to be ready for potential first issuance of the digital euro during
2029. 2029 yeah i'm reading their uh white paper here euros so it's i think they have all the
intents to uh put everyone under financial surveillance through essential i mean this is
This is the beginning of this.
Okay.
We are working with the national central banks of the euro area
to look into the possible issuance of the digital euro.
It would be a central bank digital currency,
an electronic equivalent to cash,
and it would complement bank notes and coins,
giving people additional choice about how to pay.
Okay.
This is very real.
Mark my words.
The European Union is dying.
Yeah.
The euro is dying.
it's going to end up being a bunch of
individual states
again that are in
alignment with the western
corridor
run by the US
slash bitcoin
hash dollar
hash power
by 29 there will be no Europe
everything will change by then
so let's move on
it's not worth staying there
literally and figuratively
major europe but you're going to europe next week so you'll have fun in amsterdam maybe you'll
remember it major european bank nordia's epic turn to bitcoin etp once the major nordic bank
that banned employees from touching crypto nordia is now launching a bitcoin linked exchange traded
product for customers its first public embrace of digital assets with europe's micro rules now in
force is this the moment legacy nordic finance officially crosses the rubicon
this is the moment nothing changes god i look at everybody's going this is a global a concerted
global effort to consolidate everybody's bitcoin into institutions yeah that's what this is and i
I never regret ever being excited in 2017 and 18,
we were like, oh my God, we're going to get an ETF.
Oh my God, it's going to go to 100,000.
We were saying that back then.
We got them. We got lots of them.
The biggest attack on self-custody ever.
It's horrific.
It's great for grandma.
No, I don't think so.
In a way, it isn't.
Because grandma thinks she has Bitcoin.
Yeah.
Alright, let's move on.
Hit like and subscribe
if you're enjoying this.
We need a major crash
just to get everybody back into self-custody.
Let's rip through this next one.
France.
what's the question here?
France is Bitcoin week.
Getting another sovereign nation
gonna dump Bitcoin.
Reserve dreams and unproductive wealth taxes.
Bitcoin Twitter spent all week
cheering that France might buy 2% of the Bitcoin supply
while missing the fine print
that lawmakers actually voted to tax it
as unproductive wealth.
Which one is it?
Will crypto Twitter stop shitposting headlines
and start reading past the first sentence?
yeah well everyone's looking for hopium it's been a lot of sideways action and and i think
and and they've been watching risk on assets fly compared to bitcoin in a short time frame so it's
right it's like so much of the shit on x is just a headline and and then when you read into it
half the time it's not even really about bitcoin right no i agree yeah well uh this outlet that
specialize in that i want to read a tweet before we get to any comments or q and a q and a if we
have any. So this is from Ethan Brooks. I'm the CFO of a PAE-backed company. I woke up to 19 emails
from the CEO between 1 a.m. and 4 a.m. Subject lines, thoughts, quick one, alignment. I stared
at the ceiling and thought, he doesn't sleep. He just runs equity payouts at different EBITDA
scenarios. By 8 a.m., I was already behind. The VP of finance asked when we're sending the updated
forecast. I said soon, even though I haven't opened the model in two weeks because I already
know how it ends. At 10 a.m., the CEO told me we're hiring 12 heads, but cutting SG&A. I nodded,
deleted the plan, and renamed the file. Final, V9 approved. At lunch, I sat alone in my office,
scrolling through emails that all started with just following up. By 1 p.m., the PE senior
associate was replying to my updates before I could even finish reading the subject line.
Every message started with quick thought and ended with another model version request.
At 3 p.m. he called, wanted an EBITDA bridge that inspires confidence.
I moved numbers until it looked believable.
He said, not good enough.
The MD wants EBITDA to double by year end.
I said, copy that.
Then I stared at the spreadsheet and thought, so do I.
By 6 p I was writing words like momentum synergies and runway into a deck that means nothing I closed my laptop looked at my reflection and reminded myself we all know it isn real but it has to look like it is until someone buys it
Fuck.
There's the hamster wheel.
Yeah, the Fiat hamster wheel.
At large.
And that is like so much.
Of the economic activity right now.
Economic activity, yeah.
Yeah, well said.
And it's going to stop.
I don't know what to tell people.
I don't think you should tell them anything.
We don't know what's going to happen.
You don't know what's going to happen,
but you do know that we're in a global reset.
We're in a restructuring.
We're in a monetary fiat debasement phase.
That's how the debt gets restructured.
Right?
So just simple.
Simple. Most of the sovereign nations in the world are crushed by debt, except for Russia and China.
China, because they have a lot of debt, but they don't have a central bank.
So China and Russia are going to be okay. Everybody else is totally fucked.
And the only way to save themselves is massive inflation to debase the currency and devalue the debt.
If you live in one of those countries and you live your life in one of those currencies,
you need gold and you need bitcoin and bitcoin be the fastest horse in the race as paul tudor jones
loves to say if you don't have that yet you've got a very short period of time to get your shit
together this is coming hard basically also what we're saying is but depending on what sort of your
uh economic context you live in you know whether you know there's some countries maybe a hundred
dollars is a lot of money but gold is really it's basically like an etf like you you can't take
possession of gold so don't look at the price like you cannot look at the price you have to look at
as like the only thing that will transfer value to the new system but also the only thing that
you take self-custody of yes and so gold is not that well it's really hard to take lots a lot of
a lot of gold yes so as your size of wealth goes up gold sort of like for like i don't know 50
of the population a gold coin 99 of the population yes yes right right i agree one gold coin i agree
So all I'm getting at is that if you look back in history and you study these types
of transitions, the only thing that made it to the other side was these hard assets.
Now we have the most hard asset ever created which is Bitcoin If you can get that and get it in self and take it with you to whatever new system is set up in your country you going to be better off than if you do nothing
You know, some of the paradoxes,
some of what it takes to understand Bitcoin
is not necessarily the same skills
to take self-custody of Bitcoin.
True.
Right?
So it's kind of a one-two punch.
But it's not that complicated.
Not that complicated,
but it's not the same skill set.
It's not necessarily the same problem solved.
Like, I'm not technical.
Meaning if someone is trying to not be debased, that's not an argument for self-custody per se.
It leads to self-custody, meaning like part of the way.
Well, I mean, history would inform you, right?
If you look back through history, people that had their gold in a bank lost that gold.
Right.
But if they're not thinking about the counterparty risk and they're just thinking about the debasement risk.
yeah but it's two different skill sets and knowledge sets the problem to accomplish both
to get into self-custom i'm just trying to acknowledge it i get it but the problem is and
if you if you really look at history when these events transpire governments will do whatever
they take to retain power and control relative to other governments around them right so right so you
have the goliaths up here in the in the stadium fighting right for their little bit of control
and survival and they don't care if they step on us to survive right they don't care if they crush us
so you need to get your hard assets get out of dodge hunker down and get ready for some to go
down because it's coming his history shows us it's coming and they're going to do everything
along the way to tell you like uh you know bitcoin's not doing so good you know it's down
They're going to shake you out of it so they can accumulate more.
They're going to tell you stories like it's that guy's the problem or that country's the problem.
We got your back.
All these things, these are common tropes that coincide with these resets.
And you just have to ignore all the BS.
You have to look at what happens throughout history.
Get your hard assets.
Get safe.
Get low over your skis.
And just wait it out.
right guns goats and get your bitcoin in self-custody three g's sats steers and swords yeah
and whiskey i don't know all right i think that was another epic show uh if we don't have any
questions or comments uh roll out uh this is a bitcoin center and like and subscribe brought to you by by federal i can see the question all right yeah this is from uh living franks yes but this will take some time my plan is stacked for 10 years and
fingers crossed my bitcoin savings will carry me and my family through definitely word up uh best
of luck that no i think that's i think that's great um i just i would say uh five years not 10.
what to get to like 2032 yeah you need to you need to get yeah i mean even by then i think it'll be
i mean i i would i would accelerate your purchases as much as possible you're talking about your dca
plan yeah yeah if you're doing a dca over the next 10 years try and figure out how to do it in five
i i i think that this is coming it's here like the governments are preparing yeah but even after
five years your labor is your way of dcaing into yeah but you're you're you're your pay
your compensation is not going to grow as fast as inflation yeah no so your ability and and
bitcoin could be going up in price so your ability to acquire bitcoin is going to decelerate yeah i
mean i think about that something along the lines of like everyone talks about the house you know
the house is going down in sats or bitcoin but your salary is yeah you know and it's like if
you if someone's making 50 grand a year well five years ago that could have bought five or ten bitcoin
and now they could they're working for half a bitcoin yeah exactly and if that person bought
five or ten bitcoin at a hundred or a thousand or ten thousand front load your dca that's as much as
possible and uh but but still have that long-term time horizon i think that that 10-year time
is weird but front load your dca just think about like when at some point and this is where everyone
at some point was working for 10 bitcoin for a year's worth of work right like let's say bitcoin
to ten thousand dollars yeah you made a hundred grand made a hundred grand that's ten big and that
doesn't mean you get to save every dollar you make yeah right but it's something that that person at
some point bought or stacked 10 bitcoin let's say and that 10 bitcoin is now worth a million dollars
well now they're working for point one or ten percent of their stack i mean just so interesting
that arc yeah no where it prices you out of almost work you might even love that's why i get so excited
when bitcoin drops because you you know well your personal power goes up once you start your income
yes your fiat income becomes more valuable more valuable and if you understand the horizon of it
you're like this is a short-term opportunity to perfect maximize exactly yeah all right all right
uh well thank you for writing that in yep well really appreciate it um that's all we got all out
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