good evening bitcoiners welcome back to bitcoin center live stream number 24. my name is cedric
youngelman i'm paul tarantino and here we go so uh there's another tuesday uh anything in the news
i i got something i would bring up all right go ahead that i i don't think is in the show i i don't
know but the 16 billion dollar confiscation oh yeah that just i just heard about that today
Yeah.
Pig farming scam.
Yeah, the pig farming scam.
But I don't think that accurately describes it.
I think it was a lot of sort of online scams to kind of heist people from their money and lure them in.
And they, I mean, did you hear all the details?
No.
I mean, you know, they had, I think, a camp set up in Cambodia.
People were prisoners there.
And, like, they had to work on, like, they were lured in.
and they had to work on these you know these jobs to kind of scam people online okay and it was like
supposedly a 38 year old who was running all this and then laundering some of the money through like
legal fronts like like casinos and different things in industry and kind of build a front i
mean and then somehow managed to accrue i guess 130 000 plus so this is crazy so like i mean these
kind of scams have been going on forever you don't ever hear about i would never hear about
busts like the only bust i would see is like some scam uh some guy on youtube blowing up a scammer
on youtube but like is bitcoin finally the incentive to get law enforcement like the government
wanting bitcoin is that finally the incentive to go out and blow up these scams because the
scammers are out of control what if the government what if this is just repatriating like what if
this was one organization to another this is black it's not tin uh you know well i mean this is i mean
a 38 year old person was running multiple businesses in multiple industries you know
through different sort of uh trade uh skills you know uh harboring people right trafficking money
laundering and then somehow get he wasn't that old i mean he was very young yeah then when he
gets caught and it wasn't like he wasn't like a big didn't look like a big violent guy yeah and
he wasn't just like stealing crypto and cashing it all out he was harboring the stolen funds in
bitcoin and then the authorities show up and he's like oh yeah you're right here's my keys
because they they didn't say that they they you know they found him and they're working on it
I mean, are these agents for the U.S. to get revenue-neutral Bitcoin?
We need to take profits.
We need to bring that home.
This is how they get revenue-neutral Bitcoin?
I have no idea.
I'm just being a tinfoil hat here.
But, like, it just seems a little weird.
Right.
But I do want to read a tweet.
So I'll bring this up to my bookmarks here.
All right.
This is from Lola.
The U.S. government wanting to forfeit.
So, remember, they're confiscating $127,000 Bitcoin.
is exactly the kind of situation that should clarify to everyone what perverse incentives
the strategic bitcoin reserve is birthing in the u.s wait what well they're confiscating yeah right
so i mean it's like their incentive now is to steal steal bitcoin or take bitcoin yeah right
not earn it not even print for it right that's not like they went and busted the scam to return
the dollars to the people who got scammed well it sounds like we're keeping the bitcoin right
They're not using it to return the money to the people who got scammed.
That's what I was trying to say.
Is Bitcoin now the incentive to bust scams?
Like the ability of...
Yeah, I think it is.
This is one of the perverse incentives.
Because the scams have been there forever.
We never went to go bust scams to get the dollars to the treasury.
You know what I mean?
Right.
Well, I mean, there was a lot of asset forfeiture in the United States of America.
local governments that's true and they can take it like very little not even proof right like hey
we pulled you over a speeding ticket and uh we smell drugs we're taking everything right until
you prove that and you can go through that process and you're still going to be out all the law
legal fees right and you'll probably get half back if you know some sort of discount or haircut
How amazing would it be if law enforcement actually returned the assets to the people that were scammed out of the assets?
That would be great.
That would be amazing, right?
Especially if this guy was stealing dollars and investing.
Well, this guy wasn't even stealing American citizens' money.
Ah, even more.
Yeah, this is a lot of UK, a lot of Southeast Asia, the global scam.
and the night scoops that up um i mean it just seems like they white knight has just showed up
and they're like oh wow here's 130 000 bitcoin 40 increase on the sbr right i mean that is dramatic
that's crazy you know and that's another 16 billion raising the total uh sbr to like 50
billion i think already something like that wow right uh you know i wonder oh man that's really
and we'll see how many of these go on they want they want to keep it that's what i'm saying
that's what i'm hearing they want to keep it and largest asset forfeiture in history
um yeah i mean who can advocate for the funds to be returned uh hey you know i'm
i'm sad and i want i know these eight people in cambodia who lost their eath
you know i mean i don't know you know yeah so it's a mess and uh how did they find out
where this guy was and what he was doing.
Well, that's where...
And he just turned over his keys.
Yeah. He took all these
steps to build and determine...
If the story just disappears
after this,
and there's no
persecution of this guy,
it would be interesting.
Okay, or even if there's
persecution of him.
I don't know.
See you in Valhalla, 38.
your old buddy all right well you know a couple more um maybe this comes up i'm not sure but roger
oh i'd have no idea roger ver he he settled oh yeah yeah he settled i believe he said bitcoin
he settled into the reserve he paid some amount of money like probably 40 something million or
something i can't go on that he settled and he gets his freedom back that's good that's great
it makes you wonder uh it's like was that a shakedown whatever i don't know but it's really
interesting i want to read the book hijacking bitcoin i'll admit that i want to read the book
i want to see the other side i'm not saying i have to believe everything that's in the book
uh roger's really interesting i mean he's bitcoin jesus so the the og i mean roger the way he spoke
about it was amazing until until the whole block he supported the whole nascent uh industry in a
lot of ways in the beginning yes yeah 100 one of the first angel investors in bitcoin the way he
talked about bitcoin was very much affected me emotionally and it was so it was but you know
that's what bitcoin does right it it it so and maybe you know and so to speak maybe roger went
off the reservation but is he wrong about everything probably not probably not and i'd like to hear his
side on the big block thing and even i mean we still have me not to agree we still have the big
blocked the bait but if he said we clean by federal between people 40 million like what did
he like what if could you imagine they came to him like six months ago like 20 million he's like no
six months like 40 million you know it's probably not in reverse it's not like it's coming down i
have no idea maybe there was never a deal like like you know like what did he gain for the time
he spent if that deal was always on the table and yeah you think like no amount of money is worth
your freedom you know i mean to you know here like i want to you got the keys yeah i mean what are you
going to change i hope for an administration change like ross in a way took it was strange
that it'd be trump then but i'd been back to trump to get out like it wasn't going to happen on biden
and literally was waiting for that one card only a president could get right ross out yeah so i
don't know i thought that was really interesting uh and then i don't know if it's in the show but
uh trump trump is supposed to got 870 billion dollars yeah i saw that bitcoin what do you
make of that oh he's doing a lot better than uh most most people well that was right that was a
rapid increase yeah you know one day he's gonna show up at the you know for bitcoin uh fort satoshi
nakamoto and just say oh here's the keys yeah yeah i mean like here's you know whatever but uh here's
500 000 bitcoin you could walk away with but still i mean he's got almost a billion yeah uh
is that a conflict of interest world liberty financial his like his whole family the way they
wrote it it sounded like him interesting is that his you know sort of uh piece of world liberty
you know and okay i don't know yeah right you know but uh who knows they could also throw they
could also be you know the media loves to define all digital assets as bitcoin so that could be like
their total crypto holdings yeah that sure that could be the total crypto holdings yeah well you
know whatever it is then you know they're obviously that could be stable coins sure yeah and but they're
they have they're aligned with sort of the outcome here oh yeah for sure you know uh whatever
incentives you know might be more than we can say for core well i hope that comes up wow this is uh
this is day two or three i heard like four people are running core 30. i don't know i think it's like
nine people now i'm i mean i mean it's very low i heard i heard high numbers i heard low numbers
yeah i don't know i don't know the numbers i did see quoted i saw a chart it looked like it was
very low numbers um yeah i don't know i already see uh different organizations sort of touting
layer one use cases with this that they didn't have before yes abms and yeah yeah exactly
you know okay so it's like like literally right there's already people talking about right after
launches people are already saying like oh great we can do this now we can do this now yeah where
the whole time they're quiet they're like nah we're cool bro yeah and then all of a sudden they're
They're like, oh, this is awesome, Core V30.
I have nothing to do with monetary transactions.
We're pumped.
Yeah.
All the shit we were worried about.
It's so stupid.
I don't know.
What was the rest?
But I don't know.
I went.
You know, I had him back.
Yeah.
He tweets a lot about this topic.
A lot.
He tweets a lot.
A lot.
Like, I'm wondering.
And he's very, you know.
But I want to look at the math.
Like, I was trying to, like.
Can you.
I want to figure out how many tweets.
Can you physically tweet that much?
and run a business and be everywhere why would it matter so much and the argument still seem to be
it's and don't worry it's a nothing burger yeah that's not true and i just you know
i don't know man yeah this could be tough uh you know i'm trying to get into the weeds but that
that's where it gets a little tricky though trying to really figure it out for yourself
you know let's still lean i'm not that's not good and there was i i totally agree that this is not
good because they're not fixing a problem tell me what the problem was right that caused you to have
to increase the amount of data that you could put in op return what was the problem why did that need
fixing nothing needed fixing so then what's the purpose well there was no per they didn't give us
a purpose it was just the purpose was because why not did you see pierre richard on oh he was on
another show great show i mean when i talked to pierre he was pro but he said worst case scenario
he's like this is really bad okay i haven't i haven't heard he's like you know it's an attack
and bitcoin needs to be attacked and bitcoin goes to a thousand dollars and we have to hard fork and
And we figure out how to clean up the whole chain.
And we apologize to Luke.
And it goes on.
And it was a little like, whoa.
Like, I don't know.
Like, I get the thought experiment.
And, like, we can always figure this out.
But that seems like a lot of unintended self-insuffer damage.
What's $2 trillion in value going down to $200 million?
Right.
That's no big deal, bro.
We'll just reorg, man.
It's no big deal, bro.
Right.
What the?
I don't know.
So, all right, well, we've been...
I did so, I don't...
We got a lot to get into.
It just doesn't feel right.
You know, live stream number 24.
Let's just get into it.
There's a lot of topics.
So this is brought to you by ByteFero.
Go bank yourself.
Can't wait to get into it, guys.
Let's be real, right?
Praising Telegram for launching a Bitcoin wallet.
I've always felt like with Haley.
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.
You never heard of them a few weeks ago?
Now everybody's talking about them.
But is it a currency?
I don't know.
Or is it more like a stock?
Or is it a tulip bowl?
We're going to debate that.
It's stupid.
To me, it smells like Ponzi scheme and the greater pool theory writing.
You do like five minutes of freaking research.
Well, thanks for coming to my set talk.
Yes.
Don't buy shit quits.
Oh, man, I was getting 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 it's not for me no it's not
welcome to bitcoin center the fast-paced show with a debate
all right question number one the historic bitcoin flash crash
after bitcoin plunged by twenty thousand dollars in an hour during friday's record twenty billion
dollar liquidation event was this a healthy leverage flush out or a warning sign for deeper
liquidity for jillian i mean that was something huh uh i missed it i feel like i missed it too
i literally uh worked all day and then kind of people told me what was going on and yeah i was
clueless about it.
Yeah, I missed it.
You know, I saw, by the time I tuned in,
it was down like half of what it was.
And it reminded me a lot of March of 2020 And I was I went instantly looking for the news I saw the Trump thing that he threatened 100 tariffs on China
and I was like, oh, this feels like four months ago.
And I said right away, a couple days,
by Monday, this is going to be all sorted out.
And then by Sunday morning, it was really almost like, oopsies.
I read the memo wrong.
And AI told me he was going to eliminate any export of capital.
But now it just looks like they're going to monitor it a little bit more closely.
And I read a word wrong, and it's all good.
At the end of the day, I think this is probably pretty good for Bitcoin.
Yeah.
I mean, I think it's kind of normal for up 80% for the year and kind of a bull cycle,
even though it hasn't been a bull off top yet and might not come.
Now, if we had a 20% down bar at the end of a hype,
like at the end of an exponential run,
then I would be a little bit concerned,
but not during this consolidation and on news.
This wiped out like $65 billion in open interest,
resetting positioning to July levels,
and exposing thin books.
There was like a crypto nuclear explosion,
and coins went from like $350 to a penny.
I guess shitcoins got smoked.
So that's where this crossing with the Trump thing is weird because you read it from the crypto world.
And this was a little bit like they're trying to say it's not to do with stablecoins and things like that.
But there were liquidity issues on these centralized exchanges.
And there were discrepancies between ETH, USD of like 300% between different exchanges.
You know why?
because the market in these shitcoins is just market makers.
It's market makers making-
Right, and so they were rebalancing their books
and liquidating profitable positions.
Yeah.
And when they say 20 billion loss,
that's not 20 billion of put in capital though.
Yeah.
That's, you know, you make a $200 bet
and now it's worth two, you lever up 20X.
Right.
And you lose that.
You don't lose your capital, you know, all 20 billion.
You lose a portion of that in capital terms.
But this was crazy.
So like some of these stable coins like de-pegged by like 35%.
And we'll get into it a little bit more.
But, you know, it kind of exposed some fragility in the broader bullshit crypto system.
It needs to happen.
It is healthy, right?
It's definitely healthy.
And as Bitcoiners, you're like, I've been here before.
And it was like, I barely blinked.
Right.
And, you know.
When people were told me like, hey, the markets are melting down.
And I went and I pulled up my phone.
I looked at Bitcoin and I'm like, oh.
Now, Bitcoin even had some thinner exchanges, I think, that did get down to like 103.
Yeah.
But again, none of these things broke 100K.
It doesn't mean it won't break 100K whenever, but very interesting.
I think it's very good.
Moving on.
All right.
So trade war between U.S. and China looms.
Do the newly announced tariffs signal a short-term negotiation tactic, or is the White House prepared for a sustained economic confrontation with Beijing?
i mean i i think trump is prepared but i don't think our economy is prepared for a trade war
for everything i've been reading yeah he might flip-flop again yeah i i would suspect that
somebody's gonna get in his ear and be like yo this ain't gonna work because you know we can't
build anything without china so i don't i don't know you know if there's uh like a willingness
to really go all in and i think probably china understands that like like negotiate all you want
talk tough all you want i mean how much pressure can we put on them other than this is a full-blown
currency soybeans and hogs i mean i don't think it's a trade war i think it's a currency war
oh well of course i think they both actually but it's also the currency war to do the things they
need to do at home to keep that population from each population from revolting within
sure so they need the appearance of like i wouldn't be like there's an undertable handshake
Do you mind if I call out a hundred?
I think it's all choreographed.
I think they call up and say, hey, we're going to announce the hundred percent tariffs.
You're going to act surprised.
Like, we need to kind of do something over here.
Yeah, that might be the case.
It might be the case.
It could be.
I think that's all felt out.
I think.
But there is no denying, right, that we need rare earths and we need chips.
Oh, no denying that.
to upgrade our energy grids.
That's why we bought the pesos.
That's why we bought $40 billion of pesos the other day.
Because it's not about it.
That's adding liquidity to the fiat market
and adding global liquidity.
We bought pesos.
And we're buying access to minerals and where it's.
Yeah, exactly.
Right.
And then use that money in certain ways.
And here's money.
And you don't go kaboom pop right now.
Yeah, yeah, yeah.
Yeah, 100%.
And it brings them under our wing.
All right.
Next question.
next question all right so institutions plan to double crypto exposure by 2028 the question is if
institutions truly plan to double their bitcoin exposure why announce it now sing the signaling
strategy to competitors instead of quietly accumulating because this is i think is ideological
narrative framing so this is more about crypto and stable coins and they want to push people towards
these things now yes they're rolling these things out and they this is not about bitcoin this is not
about um oh we're worried this is like we want people to know we're good they should use our
products let's prime them yeah the bond market's gonna die let's start selling them this stuff
instead yeah yeah exactly that's the bottom line and i think it just represents like moving sort
of assets from your dollars that are not tokenized to now the tokenized dollar at the same bank or
a different bank.
So I think that's just priming.
Priming the pump.
So I think it's kind of nothing better.
All right, let's go to the next one.
My essay comes out tomorrow, and my take on the four-year cycle, the TLDR is like, I
don't, there have been three four-year cycles, and there's very good reasons for them, all
center around U.S. and Chinese monetary policy.
I know that there is a technical factor in terms of mining rewards, but I think that
is not really the real driver of all this.
It just happens to happen at the same time.
It's really about fiat liquidity between the U.S. and China.
And if we think about this particular cycle, if we just listen to what the politicians are telling us,
and they usually, as they've been liars or they all are, they usually tell the truth about some things.
And the consistent message, whether we're all around the world, is we will do all these things for people,
and we're not going to tax them for them.
Whether that's building bombs, it's building factories, it's building houses.
whatever it is
taxes are not going up to the level
needed to pay for all this stuff
so it's all about printed money
and whether it's the Fed or it's the PBOC
it's ECB or whatever central bank
you want to talk about
the politicians are saying
hey we need cheaper money and we need more of it
and there's various ways of getting
to that point
which is why I think
Bitcoin
and gold
for that matter are basically
telling us the future is more fiat debasement.
And so I don't think the four-year cycle applies in this particular instance,
mainly because nobody knows what the world order is going to look like
in the next two to three years, but surely we'll be volatile
and surely politicians will print money to make sure that people feel okay
and vote for them or support them in the political process.
So I'm long and strong.
All right.
I think Arthur Hayes usually has dope takes.
Todd takes a fire.
i think he makes a lot of predictions i don't think he's known as a great trader i don't i
haven't heard all his predictions come true i've seen some of them fall flat but uh what do you
think is the four-year cycle dead is this all driven by global equity i feel like we've talked
about this for a bit but you've been talking about global liquidity probably longer than i have
no i think i think arthur's totally right and i i would kind of support what he's saying by some
some of the research I've seen Michael Howell disclose and talk about,
and also Raoul Paul,
in that they're looking at this global liquidity cycle
that was synced with Bitcoin throughout these last three cycles,
but then broke during COVID,
meaning that in the COVID crash,
in that era where rates went to zero and stayed low for some time,
many, many of the world's treasury holders and debt holders refinanced, right?
So everybody got in on these lower rates and restructured their debt.
And so we're coming up into now an extended cycle because of that,
where you would have a normal refinancing cycle,
which takes low rates, takes liquidity to operate the refinancing cycle.
If that gets delayed because everybody was able to refinance in late 2020 and that pushes out this liquidity cycle, then it could naturally be that we get this liquidity cycle to last longer.
and we see rates come down into end of this year early next year providing more liquidity and and
uh because we're going to run into this wall of refinancing that has to happen
you know right around the second and third quarters of next year it's massive wall of
refinancing this it looks like it needs to be accomplished so that means more liquidity for
Bitcoin a lot longer than what we've had in past cycles.
So my only thought, though, is I think if liquidity plummets between now and sometime
before the end of Q2, people, there will be half the camp will say that's because the
cycle's over.
Halvings, you know, this lines up enough that they'll attribute it to the halving cycle
and not liquidity per se.
And that will persist on.
because i i agree i don't i think that this lines up much more with liquidity than they
having cycles over the last 16 years so uh we'll see i think a lot of people are afraid of their
friends being like haha how did you not see that coming again right so well and this might be i
think a lot of the reasons why you're seeing some of the treasury company gets sold so hard
because there's probably some people that bought that believing that it was going to be linked to
the four-year cycle right and that they were going to put it the four-year cycle on steroids
Yeah.
Well, we'll see.
I mean, they are eating up a lot of supply.
Every institution is eating a supply, more than the minted supply.
Operates right now without banking access, isolated, yet resolute in our fight for change.
Some in the swallows found a lifeline in Bitcoin during hyperinflation,
usually to protect their wealth and to finance their escape.
Today, Bitcoin bypasses government-imposed exchange rates
and thus helps many of our people.
It has evolved from a humanitarian tool to a vital means of resistance.
We are grateful for a lifeline Bitcoin provides
and look forward to embracing it in a new democratic Venezuela.
We envision Bitcoin as part of our national reserves,
helping rebuild what the dictatorship stole.
Before our gold reserves were plundered,
Venezuela had wealthy financial reserves worldwide.
We will restore those reserves and include Bitcoin as a key component.
The only way to help Venezuela is forced is by insuring property rights,
low inflation, equal access to opportunity.
Well, she sounds like she works at the United States.
yeah well that was so my one question right there was my last question but now you're
branching it like why was that in english well like who's she talking to is she talking to
bitcoin or talking to venezuelans because right so that that was interesting to me another i mean
it's another politician i'm just yeah yeah so she won the she won the norwell peace prize
okay i'm not that's interesting for me but that's an interesting um what did she do you know what
you got the peace prize for no that okay uh other than throwing over or taking over as opposite
opposition leader in venezuela against an authoritarian sure but like malay was an opposition
you know leader and did you see the concert you put on the other day no first book oh my gosh
i can't watch it oh very neil diamond desk oh lots of grunts and groans and like performing and
It was like a huge stadium to celebrate the release of his book.
Yeah, he's good at that.
He's really good at that.
So yeah, I trust Legos so far.
So anyways, I guess the question becomes, is Bitcoin's place a global tool for political resistance?
Is this what they're trying to say?
I think Bitcoin's become a global marketing tool.
When I see this, when I see this, what I see, when I put her there, I put Pekeli in El Salvador, I put Malay in Argentina, I say, oh, okay, we're going to now just try and Bitcoinize and stablecoinize all of Latin America.
You're now our best buddies and we're here to help.
We're no longer going to extract resources and keep your currency down and support cartels and fly in weapons for overthrowing them.
Instead, you're all our friends now and it's all Bitcoin and stable coins.
And I can't help but think, like, why now?
why why like i mean uh because i think that our allies need to move to a sort of uh to our rails
so where the america is looking to capture right right exactly reserves hash power we love you
now because usually you're gonna use the dollar so if you if you yeah so and we we're gonna use
bitcoin to bring back credibility to fiat because gold is no longer credible oil is no longer sort
are credible for it and it's kind of an interesting way around like oh bitcoin saved all these people's
lives and that's all true right like any good psyop is 95 truth right so they're they're like
they can tell all these great stories about bitcoin and we can celebrate venezuela which is
all good i'm not like i don't want to sound like i just i mean this this is great for the venezuelan
people but at the same time you just like when you you understand the political motivation of the
United States, you begin to think like, is this set up?
If you heard this guy, level 941, otherwise goes as pigeon, a low IQ pigeon.
I love this guy, right?
941, is he a Sarasota boy?
Level 941, I don't know.
I don think so But I have no reason to Now yeah yeah okay So he says here what Trump empire is doing China has been working on a 20 year plan since the O zeros America too
It's all coming together.
Capture custody,
black rock,
fidelity,
coin-based custody,
domesticate production,
marathon,
riot,
clean spark,
nuclear feeds.
Step three,
control liquidity rails,
ETFs,
banking,
APIs,
fed supervision for integrate legal dominance,
FASB,
fair value,
SEC reporting CFTC oversight.
Five, tie it to defense,
Department of Energy grid,
Department of Defense cyber layer,
NSA hash security.
Outcome, Bitcoin functions
as controlled pressure valve
for the $35 trillion in debt
that absorbs global demand
for hard assets
under American jurisdiction.
Yeah, well said.
I think you nailed it.
He goes on to talk about sort of...
We should give him a seat on the show.
He's way better.
He's way smarter than I am.
Yeah.
well done 941 yeah golden riches bricks fiat inflates the west bitcoin restores hard asset
credibility without leaving u.s custody that's the play don't replace the dollar reinforce
keep fiat for spending use bitcoin as the reserve release valve yeah exactly and it's really that's
what's going on and you see that marathon uh struck a deal with sort of a french uh nuclear
energy company no i didn't see that yeah to get their excess power which is sort of like feeding
french european power into our power grid interesting yeah marathon's building a facility
there though i think they're tapping into an existing facility probably maybe investing in
a future facility yeah something like that yeah i wonder how many um i wonder if there's any
european union countries that are going to become like uh the el salvador to the united states
well i think that's what a lot of right you know i mean like well because we're going to release
The European Union is going to break up.
There's no way European Union is staying together.
I don't know.
A lot of people say that.
You know, it looks like it's under a lot of pressure.
I mean, I could see France, Italy, others that are not in such great shape saying,
you know, we should maybe tighten up our relationship with America here.
Same playbook as the oil era.
Create the infrastructure first.
Declare the standard later.
Phase one, build domestic cash production.
phase two custody through etfs and treasury seizures phase three tokenized t-bills backed
by verified etf seizures through etfs and treasury seizures i don't know if the end of
treasury i don't know if etfs and wait it's like seizing treasuries from foreign nations
or seizing like this kid this 38 year old guy's 130 000 bitcoin
uh phase two custody through etf so having the etfs custody of the bitcoin and treasury seizures
oh bitcoin treasury caesars yeah she's yeah to build their treasury phase three tokenized t-bills
backed by verified energy yeah right and that could be a public private partnership like i've
been saying that's the new dollar it's back okay that's the new dollar the hash dollar yeah so not
the petrodollar anymore this guy got the hash dollar i like this guy yeah this guy's this guy's
really good that's awesome yeah there's a few more i'm hoping i'm fine before we yeah so all right
let's get on to the light all right let's do it
all right texas europe texas bitcoin reserve
will other states do it i'll do it for you no okay all right oh yeah i see it texas officially
launches their bitcoin treasury so if uh texas just launched a state-run bitcoin reserve using
taxpayer funds are there more to follow well there's already like there's already new there's
already new hampshire arizona now texas there's like 21 or 22 others that have
started the process or talking about the potential of it so you know i mean that's half the united
states have got something in the works doesn't mean they're all going to pass um florida shot it
down for instance but um yeah that was surprising but um yeah no i think we're gonna yes there's
more to come and i think you know especially as some of these states are successful with the
treasury just like el salvador was successful and others uh other states are gonna be like yo we're
missing out we got to get on this program so it's going to happen yeah so but surely all right yeah
uh we'll see how that plays out um let's move on to the next one
the one trillion dollar stable coin prediction debate standard chartered's
bold call the stable coin issuance will hit one trillion is meeting skepticism our analysts write
that this forecast overlooks regulatory and adoption hurdles or are banks underestimating
the crypto dollar demand oh i i don't think they're naive at all i think they're probably
underestimating yeah the push they're gonna the demand and the push into the products i agree
what this goes on to the standard uh charter sort of analysis is around um first to say okay look
uh people want these stable coins so then they're kind of like oh well maybe then they just want
want everything in a stable coin form.
They want your shitty currency, but in a stable coin.
They'll trust that more.
And they don't want a self-custody.
They want custodial custody.
So they say that's an opportunity.
But then they're like, well, you know,
this is maybe more of like a second Bretton Woods.
And like the trillion dollars in stable coins
that are coming are going to be the dollar
that's going to eat up your currency.
And they're going to get to a safer currency.
and and they paint that as a negative or potential sort of like disruptive force what i find what i
no one sort of uh braces maybe the positive side for the local country there where their people
will get a life raft to their current current country currency and the current that that
appreciation or that stabilization of their capital doesn't have to leave the country per se
it would even help them build at home right or stabilize their entrepreneurial activities maybe
be at home 100 so some of that could be a value or net net positive 100 you know bringing statement
i mean it's the first step right if you can get out if you if you're in a country with a bad
currency and you can start to save if you if you can spend less than you make because your dollar
is not hyper inflating uh you're gonna you're gonna start to save but the warning here is the
genius act and the clone the monetary colonialism that's coming yes yeah for sure they're kind of
trying to look at that and i think that is sort of not being naive no and the other thing that you
didn't talk about though that i think is going to drive a ton of stable coin uh issuance is that i
think all the major u.s exchanges are going to move to extended hours trading they're going to
start to digitize securities and and they're going to bring crypto onto their platforms and that
extended trading hours are going to require and crypto is going to require stable coins
in order for that trading to settle instantly 24 7 365 so that's um when you start when you say
all this it's a very interesting space to watch the nasdaq and and tokenize that stable coins they
need to trade if anyone listening knows anything about maker dow and the history of maker dow i
do want to understand stable coins and um i i don't i'm not saying i i think they are net positive
for the world in a way and i'm not saying that it's not even crypto uh cryptocurrency that's just
sort of like a tool that people can use um but and and it doesn't necessarily apply to me but i
can see how businesses and people around the world would want stable coins um so it's gonna be a very
interesting space to watch uh but you know what's interesting here in this report also though is
that they they recognize that the use case for stable coins is not speculation that it's that's
necessity oh that's interesting that's very interesting and maybe even crypto right so
So they're recognizing that people are coming to this thing at a necessity,
and they're not just speculating again.
So I thought that was really interesting.
All right, let's go to the next one.
All right, so Lummis seeks Bitcoin tax relief.
Oh, please.
Senator Cynthia Lummis, and that's not even because I want to sell,
introduced a bill to exempt small personal Bitcoin transactions from Gapogain tax.
Will this bipartisan push finally remove a friction to Bitcoin as currency or a stock in D.C.?
I praise her for what she's doing,
but I think this thing is going to have a hard time getting through DC.
Yeah, I think this is the grift.
Because this is like...
This will not get through.
Not even a diminimis amount.
Even the diminimis amount.
It's like...
You know that scene in Star Wars where they get under that impossibly low wall?
It's closing.
That is like opening this thing up.
Yeah.
That's like Luke Skywalker's like, yo!
Oh, man.
It's just so rough because it's like...
That's treating it like money.
literally some portion of your stack and maybe that's a whole stack for people um because that's
they're saying six hundred dollars or five thousand three hundred dollar transactions
five thousand a year so it's not a ton of money but it cracks that cracks the door open even if
it's a hundred dollars yeah yeah man and it just now now then u.s people will start you know
accepting uh bitcoin payments and that is the that should be the number one uh that would be my
single i love it i love it i hope this works i hope she's successful do you think that everybody
should sell pressure so like let's say someone's like someone has a number let's say someone has
a number right no they're like oh i have x amount of bitcoin or x amount of that five thousand bucks
per year well no let's say it was let's say it was there was no cap okay if there's no capital
yeah let's say there's no cap so what's the question if so like let's say people like whatever
the price is yeah so people are like hey they're thinking themselves i want bitcoin to reach a
certain price so that i can sell but now without paying taxes yeah they might say oh i i could
reach a lower price to because yeah people would start to trim off the top as opposed to borrowing
against the asset.
There would be some sell pressure.
Right.
But I still think it'd be great
for the legal framework.
That would hurt the banks
and that would hurt anybody involved
in lending against Bitcoin.
All right.
Let's go on to the next one here.
Who's up?
Luxembourg's Bitcoin Reserve bet.
Luxembourg's sovereign wealth fund
invested 1% in Bitcoin ETFs.
Symbolic first for the Eurozone.
But is this tiny allocation
a mere experiment or a bellwether for nations diversifying into bitcoin reserves i think it's
both i think you know any smart wealth advisor we've been talking about this like worth their
uh weight in salt or sats like would give you advice to put in one percent yeah and this is
about price exposure i think we covered this last week but like this is not bitcoin uh they're not
buying bitcoin they're not self-custiding bitcoin they don't care about any of that they're not
signaling to the world that you should custody bitcoin or countries should custody bitcoin
They're just saying, hey, we're a really fucking great hedge fund,
and we're going to put 1% in this thing,
and it doesn't matter to us because it's nothing.
And we have the ETF now.
I mean, it's just another, you know.
And it's another plug-in to America, though.
It's another plug-in to the system.
They probably bought IBIT.
Probably.
Right?
Probably.
It was like, hey, let's support the guy who runs the fucking World Economic Forum now.
Buy a little bit of his product.
The only good thing here is that it is legitimizing the asset amongst the boomers
that have all the wealth, right?
When boomers look at this and they go like,
all these countries are doing it,
all the broker-dealer is doing it.
Sure, it is a little bit of signal.
My advisor is talking about it.
But I don't think, yeah,
I think that's a very small set of people
that are really clued into the Ray Dalios,
the Harvard News, the Luxembourg News.
I still think that's a very small,
my tradified friends and I come from China,
they're like, I don't fucking care.
Yeah, it's like Goldman.
Right, right, right.
You know?
Yeah, good point, good point.
All right, next.
All right, so Russia greenlights Bitcoin for banks.
As Russia's central bank moves to let commercial banks offer crypto amid 20 million Russians already using it,
is this a pragmatic embrace of reality?
And do we have any idea how much the Russian government owns?
I don't know how much the Russian government owns, but I think it's more than we know.
Do you think they're mining?
Oh, God.
But I would assume so.
I would assume they're mining.
Do they do a Bitcoin a day?
Who knows?
Like they're ever going to tell you?
No, but we could do some math.
That's 365 Bitcoin a year.
They're not going to be not involved.
Do they have 100,000 Bitcoin that we don't know about?
They could.
They could very easily.
I mean, Putin's met with Vitalik.
I always think that's interesting.
It is interesting.
I think I don't know how much control there is or direct input.
But I mean, I think this whole thing about the central bank, freedom, you know, freedom of computer for the world goes, he meets with Putin, he meets with South Korea.
I mean, I guess it's good to talk to your enemies and maybe try to bring freedom.
I don't know if I want to bring freedom to North Koreans.
I'm not going to meet with their leader.
He probably brought them a fuzzy unicorn in playtime.
I don't know.
What do you think?
I guess we're not.
Russia seems primed with all their new power.
I think the central bank is going to permit this, but it's going to be under massive control for the amount of rehypothecation these banks are allowed to do with their Bitcoin, right?
So it sounds a lot like U.S. regulation in that, yeah, we're going to let you handle crypto, but you're going to have to have one-to-one reserves, and it just breaks the bank model.
And therefore, the banks are going to be slow to take it up.
sure do you think it's going to bring any freedom to 20 i mean i don't know if i believe this number
that 20 million russians are already using i mean is that crypto dude i don't know we have russians
that work with we have russians that work for us and you know they're not worried about their freedom
it's not like like they like you know what i mean like i don't know all right let's move on to the
next one russia is what the russia that we grew up with um big banks playing g several g7 stable
coin 10 banking giants b of a deutsche bank goldman etc explore a g7 peg stable coin threat
or catalyst to bitcoin yeah it's not a threat uh definitely catalyst everyone's running to the
table now these are some of the laggard banks goldman's weird to be in there because they
have circle yeah so like are they just kind of like betting on different horses the g7 thing mix
maybe that's sort of like a way to do monetary colonialism like kind of be a little bit like
friendly with these other six countries.
Why do I want a stable coin that's got Deutsche Bank attached to it?
Nobody can't.
Well, people want stable coins and look, they might not even be getting stable coins, but
they're going to be offered products.
So it's going to have exposure to the whole G7?
This is where Facebook failed.
Debt?
All the G7 debt Like I don want the G7 debt Well yeah but they hoping some customers aren as smart as you and you know i mean i think people are pretty like if you living in a g7 country and the
dollar is the better currency you want the dollar stable coin you don't want the g7 stable looks
goldman launched a stable coin they're number two now it's not like these guys are idiots and can't
you know figure out markets and maybe this failed the point is they didn't launch right but these
these are laggard banks. They're coming late.
Everyone wants to get in the game.
I think it's interesting that they're going to try
maybe the basket of currencies approach. Facebook
failed at that. A lot of governments negotiate
with it. Nobody wants that shit.
And then it would just creep towards the dollar
and then probably even maybe
things that are not fiat. Maybe that's their angle.
Maybe they're going to put Bitcoin in there
or something not those
seven currencies and be a bigger basket.
Yeah, we'll see. Everyone's coming
to the table. I don't have faith.
Alright, so there was a
mystery whale behind the 4.2 billion dollar bitcoin dump oh it was unmasked
yeah he's oh this is the hyper liquid guy oh please this is like the kid on the roof
what yeah what is this what do you believe do you believe this i don't know dude the way
investigators claim hyper liquid whale who dumped 4.2 billion in bitcoin for eef
also this is another one of those weird ones right where like there's all these arrows pointing that
that he uh was involved as a fraud at bit forex and um you know that that he was involved in these
other these other companies where bitcoin disappeared um and now he's but but but there's
all these there's all this suspicion around him but he's never been arrested he's never been detained
just seems to be floating through life without any issues and uh supposedly right trading billions
and billions of dollars so this is the person who like was wasn't it a person who shorted bitcoin
like right yeah 30 minutes this is supposedly that person supposedly that person and he says
no no that was a friend's account that wasn't my or customer's account that wasn't my account oh
he's already like that wasn't me he's also saying it wasn't him but what i'm saying is
People that we know have done far less and been detained.
This guy just swinging billion dollars around and being involved in corporations that have all sorts of fraud issues and things going on.
It's all good.
Yeah, that's just a client's account.
Don't worry about it, bro.
I don't know.
I don't trust any of it.
Strange times.
I don't trust any of it, man.
No, I think we don't have the real story here.
Yeah, absolutely.
Let's move on.
I was a big believer in Bitcoin since more or less the start of it.
I got to buy my first few thousand of Bitcoin in 2013.
And I didn't care much.
I think I bought at the local maximum.
It's something like $700 per Bitcoin.
And I just threw a couple of millions there.
And other people after Bitcoin later next year went down, somewhere close to 300, 200, started to express their sympathy to me.
They said, oh, you're a poor fellow.
You made this horrible mistake investing in this new thing, but don't feel bad about it.
We still have some respect for you.
And my response to them was, I don't care.
I'm not going to sell it.
I believe in this thing.
I think this is the way money should work.
Nobody can confiscate your Bitcoin from you.
Nobody can censor you for political reasons.
This is the ultimate means of exchange.
And again, I'm now talking about Bitcoin, but it relates to cryptocurrencies in general.
So I have been able to fund my lifestyle, so to say, from my Bitcoin investment.
Some people think if I'm able to rent nice locations or fly private,
it's because I somehow extract money from Telegram.
Like I said, Telegram is a money-losing operation for me personally.
Bitcoin is something that allowed me to stay afloat.
And I believe it will come to a point when Bitcoin is worth $1 million.
Just look at the trends.
The governments keep bringing money like no tomorrow.
Nobody's bringing Bitcoin.
There is a predictable inflation and then it stops at a certain point.
Bitcoin is here to stay.
All the fiat currency remains to be seen.
Yeah, but I've got so many questions.
So he's saying Telegram's losing money.
Bitcoin's funding his lifestyle.
this is pr and the question is is this proving that true freedom in the future will depend more
on code than on citizenship yeah i mean i i'm so confused this is the guy the guy that launched a
bitcoin wallet with no bitcoin telegram founder yes telegrams bitcoin wallet
doesn't handle Bitcoin.
It only handles shitcoins.
Okay, but he's also the guy who said
that the U.S. government has a law
that allows them to go to any developer
at any company, tech company,
and say, you have to give us a back.
You have to do what we want,
and you can't tell your boss.
And that's why he won't move to the States.
That sounds like a Satoshi-like figure.
Not that I'm saying he can't do Bitcoin.
but like almost in a way like so you would imagine so she's like look okay i worked at cisco
and uh in my spare time i created bitcoin i haven't made any money from bitcoin maybe that's
why i spent any of my bitcoin i lost money making this thing but thank god for my oracle stock
options that allowed me to do this thing do you think that uh maybe he didn't put bitcoin maybe
he really does love bitcoin and he didn't put it in his wallet because he knew he had to put a
back door in his wallet and he didn't want to fuck bitcoiners sure if it's a sure i mean i'm
just saying figure out a way to do it the way that would work either you're you're feeding us
a line of shit now because you don't really like bitcoin but well he could be just someone who did
really his story is very interesting he put a few million but if you love if you love bitcoin why
is it not like the primary asset or the only asset in your telegram that's a really fair
It's not even there.
They have a crypto wallet.
Yes, they launched a crypto.
Dude, this is in our intro.
I'm saying, give me a break about Telegram.
Right.
They launched.
I don't use it.
The media is like, they launched a Bitcoin wallet.
And then I went in and checked it out.
And there was no Bitcoin.
What I don't understand.
Every time I talk to, especially people on X or Bitcoiners, they're like, yo, you got a Telegram?
Yo, you got a signal?
and i'm like why can't we talk what like what are we going to talk about that like i'm always like
why we need to go to this encrypted platform right and we never end up talking about anything that i
would be like why did we leave where we were already communicating and go to this other one
for what benefit you know i don't know yeah i don't know but so i think it's really interesting
i thought that was an amazing quip lexine pissed okay so it was like oh you like this bitcoin thing
a little too much you you didn't sell any you're still holding like he was like this he seems a
little like wrap it up you know and i don't know man like that that was inspiring to me but it's
disappointing to hear the bitcoin wallet yeah it's so hard for me like i don't when i don't see these
things aligning and it could just it's but if there was anyone if there was ever anyone who under
would understand sort of networks and censorship resistance and yeah right all that it'd be someone
Who's creating like a Napster or a Telegram?
If the whole point of Telegram was privacy and security,
and you see those same kind of qualities in Bitcoin,
and you call it the best money in the world,
why would you not have Bitcoin in your Telegram wallet?
I don't know.
Don't fall for all the Bitcoin influences.
Did he add it to the wall?
Maybe he added it to the wall.
We'll see.
I don't know.
Let's move on.
It's driving me crazy.
All right.
Coinbase.
MasterCard's $2 billion stable coin raise.
are Coinbase and MasterCard's bidding wars,
trying to acquire a stablecoin firm for $2 billion,
a sign that traditional finance will pay almost anything
to control crypto's payment plumbing.
Well, dude, MasterCard has a lot to lose, man.
They have a SOTUS visa.
Because if the world starts trading stablecoins peer-to-peer,
they're smoked.
And I would think that they need to move into this.
I don't think any of this is going to be peer-to-peer.
i don't think the majority of stable coins are going to be peer-to-peer what i'm what i'm getting
as a settlement right yeah like they need instant settlement at so badly like the the cost of
settlement risk in their business like why why would they need to acquire like you copy paste
the tech that's a good point like what do you like whatever you buy is gonna be like old tech
by the time you figure out how to use it this uh banks or bvnk whatever they're called they uh they
they have a token issuance protocol system and the rails etc so you know if you're going to be
running credit card transactions with stable coins you're going to be issuing credit and
running your transactions with stable coins so you have instant settlement you're going to have
to do that in like every currency in the world if you're mastercard so they probably are highly
incentivized to be like we need to be able to like create stable coins for every currency we deal in
and right now everybody's doing usdt so maybe that's the way they're thinking about it and then
if you're coinbase i mean this is like partially shutting down some competition if you really want
to push circle or diversify into uh issuing stable coins in all the other countries so i mean yeah
opening up markets these are these i mean they're both are highly incentivized to get this thing
things we're going to be interesting i think they do want to own these rails yeah these rails are
going to be very valuable very valuable i just think it's gonna be you know you bought yahoo
you bought certain companies that just the tech wasn't there you know yeah i know this is pretty
simple tech that's that's what i'm saying right like they're not you would want to know like you
just build your own database like yeah you know i don't know all right um let's move on
uh binance's 283 million crash payout binance is compensating users 283 million after several
wrapped assets wrapped beth whatever that is bn soul and usde de-pegged in the flash crash
does this set a new precedent for exchange responsibility or is it fostering more hazard
for risky traders oh it's definitely not uh establishing like a uh accountability most some
a lot a lot of this is coming out of binance or binance however people say it uh their binance
earn program oh right and this was tied to like uh so like people were staking this stuff to get
income and then but i think also sort of like as collateral so and it de-pegged by like 35
percent and then there's this whole sort of like war of like the uh chain of like well our dpeg
was 15 minutes after the bitcoin flash crash we didn't cause it because some people are saying
this has nothing to do with trump but the flash crash that had to do more with this this deep
hegging and the illiquidity in certain um stable coins and they're saying no that wasn't us but
we're going to cover these because i think they want to protect their their their proprietary
programs. And they were like, this is not the way things are going to necessarily be going forward
if you lose your money here. I don't think they're establishing accountability. I think this is moral
hazard or more of it. And it just shows to... It's a bailout for their customers, right?
Yeah, it's a bailout for their customers on what are probably very profitable products.
It's probably smart on Binances. I mean, if I was Binance and I could afford to do that,
I'd probably do the same thing.
I want to make my customers whole.
But at the same time, I mean, I don't think people realize how unstable a lot of people
and how thin some of these markets are in these.
But if you were collateralized and the peg didn't break, you would have been still enough
collateralization.
And now the peg breaks and it doesn't perform the function it was and you get wiped out
of what could have been a still profitable position.
Yeah.
But because.
Oh, you know what else they said?
Because you're linked to the most e-liquid assets.
So they had coins that were trading like $3.50, right?
Then the flash crash happens, and some people had old limit orders of like one penny.
That never got closed out.
Or that never got closed out.
You would think they would wipe those clean after a certain period of time.
Wow.
And that sort of triggered some of these low buys and all these different things, right?
Interesting.
So, yeah.
Interesting.
So it points to a lot of problems in the system and that this stuff is just going to keep happening.
good to cancel it finances for real get out of finance they're the world's largest cryptocurrencies
so i can't believe that cz is still on the largest exchange yeah yeah largest exchange but they do
run stable coins so some of their own and cz man still out of jail still running that thing wow
all right the casino oh so crypto payments enter u.s casino industry
that that's us yeah so by federal struck a deal you guys us go bank yourself with bureau pay
is that a way yeah yeah and this will let licensed gaming operators settle bets in bitcoin and fiat
could regulated gambling become an unexpected on-ramp for mainstream bitcoin adoption i don't
know if it's for for adoption but i mean what burrow pay is doing is really interesting they have
become the only licensed regulated crypto wallet by the gaming industry. So all the gaming regulators
have given them the thumbs up and they've given them permission to be the first crypto wallet to
interface with legal operators in the gaming space. So Burra Pay facilitates the casinos
receiving Bitcoin from gamblers,
an exchange by federal will take that Bitcoin,
deliver dollars to the casino to fund the gambler's wallet.
So the gambling is still taking place with dollars.
And we're facilitating the exchange.
And Boropay is the licensed regulated wallet for the entire industry.
Well, the gambler can gamble with Bitcoin,
but then get sort of tokenized on the end.
No, the way this works is the gambler funds their Bitcoin,
I mean, funds their gaming.
They're gambling with Bitcoin, but they are getting dollar credits.
They're out in their own Bitcoin.
Yeah.
So they're using Bitcoin.
100%.
You're right.
They're using their Bitcoin.
And then they're getting, it doesn't matter if they get diamonds on the other side that are tokenized diamonds that are worth $1.
Because a lot of people.
It has a dollar value that are credits to use in the casino.
This is a use case, though.
it's like even hardcore bitcoiners would use the dollar as a unit of account when gambling probably
yeah unless they're gambling on the side with other bitcoiners you know something like that
but like when you go to a casino most people are like i want to make a 20 bet i want to make a five
dollar bet you know and and you're using it as a medium exchange and you're not and you're using
it as your account i think you know you probably may be using it as unit account before you go into
the casino maybe you're like hey i'm only going to give up x amount of dollars today because they
value my money more than that and i cannot buy that many less that's smart but once you're in
there you're like all right i got this hundred dollars yeah this game is a dollar that game's
fine the interesting thing is like the uh offshore unregulated gaming with crypto is like a giant
market and the casinos here in the united states have missed out on that because there was no
regulated solution provider They come from the gaming space The the founders do they they the founders were like some of the largest uh bitcoin i sorry uh slot machine operations in in the
world like as far as like the software and the operational software for the slot machines um and
so they've been in the gaming industry for a long time um and at some point they roll out they got
they got into crypto and built this what do you mean they got so they they got into it as a company
or they they got the founders got into they started this new company to be able to develop a wallet
it's a brand new company that they founded in order to build out this uh proprietary wallet for
gaming operators so they built a proprietary gaming regulators have approved right because
that's the only way you're getting in the door now the gaming regulators is that state by state or is
at national i believe it's state by state and then even goes into one of their all 50 states
indian lands it goes into online it goes it goes into all different avenues within the united states
right and so at some point if you have your jp morgan stable coin you know or your circle coin
whatever you can go or your bitcoin you can go to a casino in in the future and yeah so but this is This is online but eventually it be physical too So this you go you go to caesar palace and you want to gamble so you want to fund your casino wallet and you could pay with
your credit card you could pay with your paypal you could pay with venmo you could pay with bitcoin
so if it's bitcoin could that be in my strike wallet or my wallet anyway it doesn't matter
You're sending it to the Burra Pay wallet that the casino is operating.
So, okay.
So you don't see Burra Pay.
You log into Caesars, and Caesars is like,
here's your wallet that you could send your Bitcoin to this wallet,
which would be the Burra Pay wallet.
They're operating it for the casino.
Then Burra Pay is, I'm not saying transferring like there's a sale or whatever,
but however, I'm just lame in terms.
And Burra Pay works with ByFederal.
ByFederal, they say, hey, Caesars got X amount of Bitcoin.
Give us a quote.
We give them a code.
We exchange it.
We take the Bitcoin.
We deliver them dollars.
And then how does this work in practice?
Now that you guys, it's all set to go, how does it get implemented?
Do you have to go to Caesars?
They're signing up operators.
They're the licensed gaming wallet.
We are exchanging the currency.
Got it.
That fascinating Yeah What they built is really cool really exciting We fired up to be a part of it so that online though this is was this only online no no the first uh their first inked
client is an online provider but they're talking they're in talks with all the major casino
operators in the united states fascinating all right very cool yeah well hit like and subscribe
if you're enjoying the show towards the end francis i don't know if we have any uh q a or comments
we don't there you have it um we're so exciting the best in the game all right so we just answer
everybody's question i hope you guys enjoy the news we're bringing to you uh this is uh bitcoin
center brought to you by federal go bank yourself point of sale crypto wallet and bitcoin etms
get that bitcoin put it in self-custody run your own node stamp your seed phrase use micro seed
use code matrix at microsoft.io all right i think we don't get pig butchered oh don't do that yeah
don't get your uh bitcoin taken by the u.s government just ignore the 15 emails you're
in text messages you're getting every day from coinbase withdrawals yeah there's no free lunch
it doesn't it's not happening
Bye.