All right, it goes last.
Natalie Brunel, she said spotted after the Golden Globe, Satoshi Nakamoto.
So God bless Natalie for assuming I would know who this is.
I mean, the most recent celebrities I'm familiar with are like the Backstreet Boys.
But apparently this is, let's see, Teyana Taylor wearing a Satoshi Nakamoto.
What would you call this, guys?
Like a robe or a coat of some kind?
It's a Snuggie.
A Snuggie.
So apparently Teyana Taylor is someone famous.
What do you think, Tony?
This is, I mean, I assume she's famous because Natalie wouldn't be posting this otherwise, but maybe some signal like people with an influence and a reach are waking up to the broken money and, you know, promoting Satoshi.
Well, for starters, I didn't peg you as a Backstreet Boys fan.
I just said I'm familiar with them, Tony.
and a lot of the folks that are not like that are banking on everything except for bitcoin
they're going to have their faces melted and the ones that worry me the most are the ones
holding on to precious metals because historically that's always been the safe haven
right right but we don't live in that you know primitive time anymore like first of all most
folks don't hold the physical metals like the gold or the silver they don't have them at home
those that do have them in like in small trinket amounts like you know maybe a chain a metal you
know a few coins and stuff like that fine how are you going to use it like are you going to take a
bar to a supermarket and literally tell the guy i'll swap you this for like 17 tomatoes like how
Like, practically, how are you going to do it?
You can't.
And if you have a lot, a lot of precious metals, how are you going to protect them?
All righty, guys.
So we've got some crazy news.
I don't think most people are probably laughing at this.
I am.
So the son of the CEO of the company hired by the U.S. Marshals to safeguard the nation's Bitcoin.
So the confiscated strategic Bitcoin reserve stole $40 million from it and now appears to be running.
This is according to according to David Bailey. Treasury must secure the private keys from the Justice Department ASAP before more is stolen.
So I don support crime However I think there a net you know a positive externality to this particular crime because I don want the government having Bitcoin And this was of course Zach XBT who figured this out and was paying attention to what was going on
Tony, this is a wild story.
Like, think about the guts that this guy had.
What a ballsy move.
He just steals from the federal government.
He's just like, I'm just taking your Bitcoin.
Well, he's learning from the best, right?
I mean, if the US government is stealing people's Bitcoin, so he's just stealing it back from the US government.
He's like he's learning from his masters.
But the fact that it was the son, the son of the CEO of the company that was hired to protect it is the one who pulled this heist.
That is like you can't make this stuff up, man.
I mean, this is like somebody should make a movie out of this.
I don't know what the punishment or what the conversation must be like at this guy's house.
after this news broke out.
But man, if I would, I'd pay anything to be a fly on that wall.
I think it's safe to say that this company will probably no longer be
the custodial provider of the U.S. Marshals.
So he takes $40 million worth of Bitcoin.
He goes on the run, but he's not running away.
He's just redistributing and, you know, smoothing out the risk gradient for the Bitcoin.
So I agree with you guys.
This kid is toast.
I mean, not only is his dad going to, you know, spank him,
But Daddy Trump is also probably not going to be pleased when he finds out his stolen Bitcoin has been stolen again.
So, yeah, I mean, just absolutely entertaining.
You know, what is what is the way I'm to?
Very few people listen to reason.
You know, like I know my closest, closest inner circle listen to reason.
But most people don't listen.
They're like, whatever, man, let me figure it out.
And, you know, God willing, everything will work out.
All right, cool.
God willing is why you got screwed in the first place.
and you still didn't do anything about it.
So keep waiting, keep waiting
and hopefully some miracle will sprinkle on your head.
I also want to chime in with one more sort of way
this is going mainstream.
So starting March 1st, Steak and Shake,
this is so cool.
They're giving all hourly employees
at company-operated restaurants
a Bitcoin bonus of 21 cents for every hour work.
So paid in Bitcoin.
They're using Fold app to assist with this
and I think we talked about this
on a pre episode we did that come out soon Adam Simeca our friend did the math And he said if you just worked for 30 years at Steak and Shake you worked 40 hour weeks you never got a raise you just saved that 21 cents per hour in Bitcoin After 30 years you have million worth of Bitcoin
I haven't double checked them. I'm just going to assume that's right. But for a lot of people,
this looks silly. And then when you do the math and assume that's I think that's a conservative
20 percent kegger, you've got a legitimate stack after 30 years. The thing is, if Adam's numbers
are correct it makes me think we need to revise ours at the bitcoin way
i hurt myself today
a solo bitcoiner miner has bitcoin miner has successfully mined a block earning 3.13
bitcoin worth about 289 000 uh if you're not solo mining on some level right now and you've
got 100 200 bucks to spend on a minor you are you're just missing out this is a just a beautiful
lottery you get to play every 10 minutes have fun learn some things kudos to the winner man
kudos to the winner totally i'm so jealous yeah did greer not tell you no was that you greer no
that wasn't me goodness i i look at my i look at my stats every day i'm just waiting to wake up and
see a notification on my phone that i've hit a block yes i'm so jealous well we'll know what
Greer won a block because he will not show up to Bitcoin banter.
That's true. I won't.
That's happening here.
Man, this is why I keep telling you, you can't be bearish enough on human IQ.
Most people don't think, most people don't take the time to learn anything new.
They just react, you know, and this is clearly a panic chart.
People are fearful of, you know, whatever it is that they're fearful of,
and they're just acting on instinct, not on knowledge, on instinct,
because gold cannot function in the digital world.
It's like, you know, buying fax machines
because you don't trust email.
Like, that's how retarded this looks to me.
All righty, up next, we have a massive,
I'm not even gonna show this video, it's short.
President Trump confirms that 0% income tax
is coming very soon.
He said the money we're taking in is so enormous
you won't even have to pay income tax.
It's a wild statement to make considering the deficits,
you know what one and a half two trillion dollars Do you see pink elephants you know flying outside your window this morning You know when you were reading this headline If you believe this I don know what to tell you man
And in the slim, slim chance this is actually true, this is definitely not good news.
If they're pulling away the income tax, it's because things are so bad that this is what they have left in order to avoid a civil uprising.
and I wouldn't get too excited about this and because even if it did pass it would probably
come with an expiration date or a whole list of asterisks you know where most people would not
even be able to uh to apply to this right so Mickey Mouse talk I'll believe it if you know
if anyone it shows up but until then those pink elephants you know can keep on flying right and
Jim Cramer is out here talking about Bitcoin let's watch this video your Bitcoin is like at 81
You're looking at what I regard as being the single worst moment in this decline
was the moment between 3.30 and 4.30.
And then Williams comes on, and then suddenly everything's fine?
I don't think so.
You don't think everything's fine?
No, there's a lot of people who have to get out.
Let them get out.
This is not what suddenly they wave a magic wand.
We always have real issues.
We have issues with building out the data center unlimited.
it. We have issues with a lot of people, you know, the strategies.
All right. So my takeaway is that Jim Cramer sounds like an idiot when he talks about Bitcoin,
but he's on to something. The price has been dumping. If you're looking at the
dollar denominated exchange rate of Bitcoin, Tony, I would like to hear you talk about
Jim's assessment first. Jim Cramer reminds me of watching an episode of Beavis and Butthead.
I don't know if you guys get the same impression, man.
But if you guys want signal and good news, I think he summarized it pretty well.
And for the record, it's not Bitcoin that's crashing.
It's TradFi wrappers that are crashing.
There's a very big difference between the two.
And I think it's very clear that most folks in the market are very far away from understanding that distinction.
But again, pain is the best teacher and as time progresses, these dips will become rarer and rarer.