1 00:00:00,000 --> 00:00:00,980 All right, it goes last. 2 00:00:01,100 --> 00:00:04,920 Natalie Brunel, she said spotted after the Golden Globe, Satoshi Nakamoto. 3 00:00:05,180 --> 00:00:08,440 So God bless Natalie for assuming I would know who this is. 4 00:00:08,580 --> 00:00:11,580 I mean, the most recent celebrities I'm familiar with are like the Backstreet Boys. 5 00:00:11,900 --> 00:00:18,120 But apparently this is, let's see, Teyana Taylor wearing a Satoshi Nakamoto. 6 00:00:18,460 --> 00:00:19,480 What would you call this, guys? 7 00:00:19,560 --> 00:00:22,220 Like a robe or a coat of some kind? 8 00:00:22,260 --> 00:00:22,960 It's a Snuggie. 9 00:00:23,500 --> 00:00:24,120 A Snuggie. 10 00:00:24,280 --> 00:00:27,380 So apparently Teyana Taylor is someone famous. 11 00:00:27,620 --> 00:00:28,300 What do you think, Tony? 12 00:00:28,300 --> 00:00:42,740 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. 13 00:00:42,980 --> 00:00:46,380 Well, for starters, I didn't peg you as a Backstreet Boys fan. 14 00:00:46,380 --> 00:00:48,220 I just said I'm familiar with them, Tony. 15 00:00:48,220 --> 00:01:02,060 and a lot of the folks that are not like that are banking on everything except for bitcoin 16 00:01:02,060 --> 00:01:07,920 they're going to have their faces melted and the ones that worry me the most are the ones 17 00:01:07,920 --> 00:01:12,440 holding on to precious metals because historically that's always been the safe haven 18 00:01:12,440 --> 00:01:20,460 right right but we don't live in that you know primitive time anymore like first of all most 19 00:01:20,460 --> 00:01:25,420 folks don't hold the physical metals like the gold or the silver they don't have them at home 20 00:01:25,420 --> 00:01:30,820 those that do have them in like in small trinket amounts like you know maybe a chain a metal you 21 00:01:30,820 --> 00:01:36,860 know a few coins and stuff like that fine how are you going to use it like are you going to take a 22 00:01:36,860 --> 00:01:42,200 bar to a supermarket and literally tell the guy i'll swap you this for like 17 tomatoes like how 23 00:01:42,200 --> 00:01:44,360 Like, practically, how are you going to do it? 24 00:01:45,080 --> 00:01:45,740 You can't. 25 00:01:46,420 --> 00:01:51,980 And if you have a lot, a lot of precious metals, how are you going to protect them? 26 00:01:52,100 --> 00:01:52,720 All righty, guys. 27 00:01:53,180 --> 00:01:55,960 So we've got some crazy news. 28 00:01:56,060 --> 00:01:57,900 I don't think most people are probably laughing at this. 29 00:01:58,180 --> 00:01:58,680 I am. 30 00:01:59,000 --> 00:02:04,700 So the son of the CEO of the company hired by the U.S. Marshals to safeguard the nation's Bitcoin. 31 00:02:04,900 --> 00:02:11,500 So the confiscated strategic Bitcoin reserve stole $40 million from it and now appears to be running. 32 00:02:11,500 --> 00:02:18,400 This is according to according to David Bailey. Treasury must secure the private keys from the Justice Department ASAP before more is stolen. 33 00:02:18,840 --> 00:02:34,595 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 34 00:02:35,055 --> 00:02:37,475 Tony, this is a wild story. 35 00:02:37,475 --> 00:02:39,815 Like, think about the guts that this guy had. 36 00:02:40,195 --> 00:02:41,275 What a ballsy move. 37 00:02:41,375 --> 00:02:42,915 He just steals from the federal government. 38 00:02:43,035 --> 00:02:44,835 He's just like, I'm just taking your Bitcoin. 39 00:02:45,695 --> 00:02:47,275 Well, he's learning from the best, right? 40 00:02:47,275 --> 00:02:52,335 I mean, if the US government is stealing people's Bitcoin, so he's just stealing it back from the US government. 41 00:02:52,595 --> 00:02:55,615 He's like he's learning from his masters. 42 00:02:55,895 --> 00:03:06,275 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. 43 00:03:06,835 --> 00:03:09,075 That is like you can't make this stuff up, man. 44 00:03:09,175 --> 00:03:11,535 I mean, this is like somebody should make a movie out of this. 45 00:03:11,535 --> 00:03:16,695 I don't know what the punishment or what the conversation must be like at this guy's house. 46 00:03:16,695 --> 00:03:18,935 after this news broke out. 47 00:03:19,055 --> 00:03:21,775 But man, if I would, I'd pay anything to be a fly on that wall. 48 00:03:21,875 --> 00:03:25,235 I think it's safe to say that this company will probably no longer be 49 00:03:25,235 --> 00:03:27,595 the custodial provider of the U.S. Marshals. 50 00:03:27,895 --> 00:03:30,195 So he takes $40 million worth of Bitcoin. 51 00:03:30,475 --> 00:03:33,095 He goes on the run, but he's not running away. 52 00:03:33,095 --> 00:03:39,435 He's just redistributing and, you know, smoothing out the risk gradient for the Bitcoin. 53 00:03:39,615 --> 00:03:40,995 So I agree with you guys. 54 00:03:41,075 --> 00:03:42,095 This kid is toast. 55 00:03:42,395 --> 00:03:45,455 I mean, not only is his dad going to, you know, spank him, 56 00:03:45,455 --> 00:03:51,515 But Daddy Trump is also probably not going to be pleased when he finds out his stolen Bitcoin has been stolen again. 57 00:03:51,955 --> 00:03:54,395 So, yeah, I mean, just absolutely entertaining. 58 00:03:54,755 --> 00:03:56,295 You know, what is what is the way I'm to? 59 00:03:56,735 --> 00:03:58,435 Very few people listen to reason. 60 00:03:59,175 --> 00:04:02,855 You know, like I know my closest, closest inner circle listen to reason. 61 00:04:03,735 --> 00:04:05,275 But most people don't listen. 62 00:04:05,635 --> 00:04:07,495 They're like, whatever, man, let me figure it out. 63 00:04:07,535 --> 00:04:09,575 And, you know, God willing, everything will work out. 64 00:04:09,775 --> 00:04:10,515 All right, cool. 65 00:04:10,995 --> 00:04:13,755 God willing is why you got screwed in the first place. 66 00:04:13,755 --> 00:04:16,195 and you still didn't do anything about it. 67 00:04:16,675 --> 00:04:18,415 So keep waiting, keep waiting 68 00:04:18,415 --> 00:04:22,655 and hopefully some miracle will sprinkle on your head. 69 00:04:22,935 --> 00:04:25,235 I also want to chime in with one more sort of way 70 00:04:25,235 --> 00:04:26,235 this is going mainstream. 71 00:04:26,775 --> 00:04:28,175 So starting March 1st, Steak and Shake, 72 00:04:28,255 --> 00:04:29,355 this is so cool. 73 00:04:29,695 --> 00:04:31,175 They're giving all hourly employees 74 00:04:31,175 --> 00:04:32,955 at company-operated restaurants 75 00:04:32,955 --> 00:04:35,775 a Bitcoin bonus of 21 cents for every hour work. 76 00:04:35,875 --> 00:04:36,955 So paid in Bitcoin. 77 00:04:37,615 --> 00:04:39,755 They're using Fold app to assist with this 78 00:04:39,755 --> 00:04:42,275 and I think we talked about this 79 00:04:42,275 --> 00:04:58,350 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 80 00:04:58,770 --> 00:05:02,050 I haven't double checked them. I'm just going to assume that's right. But for a lot of people, 81 00:05:02,090 --> 00:05:06,090 this looks silly. And then when you do the math and assume that's I think that's a conservative 82 00:05:06,090 --> 00:05:12,910 20 percent kegger, you've got a legitimate stack after 30 years. The thing is, if Adam's numbers 83 00:05:12,910 --> 00:05:16,590 are correct it makes me think we need to revise ours at the bitcoin way 84 00:05:20,030 --> 00:05:23,870 i hurt myself today 85 00:05:25,870 --> 00:05:31,470 a solo bitcoiner miner has bitcoin miner has successfully mined a block earning 3.13 86 00:05:31,470 --> 00:05:39,390 bitcoin worth about 289 000 uh if you're not solo mining on some level right now and you've 87 00:05:39,390 --> 00:05:45,710 got 100 200 bucks to spend on a minor you are you're just missing out this is a just a beautiful 88 00:05:45,710 --> 00:05:50,470 lottery you get to play every 10 minutes have fun learn some things kudos to the winner man 89 00:05:50,470 --> 00:05:57,250 kudos to the winner totally i'm so jealous yeah did greer not tell you no was that you greer no 90 00:05:57,250 --> 00:06:02,970 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 91 00:06:02,970 --> 00:06:09,290 see a notification on my phone that i've hit a block yes i'm so jealous well we'll know what 92 00:06:09,290 --> 00:06:12,610 Greer won a block because he will not show up to Bitcoin banter. 93 00:06:12,630 --> 00:06:13,330 That's true. I won't. 94 00:06:13,950 --> 00:06:14,990 That's happening here. 95 00:06:15,470 --> 00:06:19,250 Man, this is why I keep telling you, you can't be bearish enough on human IQ. 96 00:06:19,710 --> 00:06:24,710 Most people don't think, most people don't take the time to learn anything new. 97 00:06:25,170 --> 00:06:29,010 They just react, you know, and this is clearly a panic chart. 98 00:06:29,630 --> 00:06:33,230 People are fearful of, you know, whatever it is that they're fearful of, 99 00:06:33,230 --> 00:06:37,090 and they're just acting on instinct, not on knowledge, on instinct, 100 00:06:37,090 --> 00:06:41,770 because gold cannot function in the digital world. 101 00:06:41,910 --> 00:06:44,690 It's like, you know, buying fax machines 102 00:06:44,690 --> 00:06:46,130 because you don't trust email. 103 00:06:46,590 --> 00:06:48,810 Like, that's how retarded this looks to me. 104 00:06:49,050 --> 00:06:51,790 All righty, up next, we have a massive, 105 00:06:52,110 --> 00:06:54,130 I'm not even gonna show this video, it's short. 106 00:06:54,290 --> 00:06:56,690 President Trump confirms that 0% income tax 107 00:06:56,690 --> 00:06:57,750 is coming very soon. 108 00:06:58,150 --> 00:06:59,970 He said the money we're taking in is so enormous 109 00:06:59,970 --> 00:07:02,170 you won't even have to pay income tax. 110 00:07:02,870 --> 00:07:05,830 It's a wild statement to make considering the deficits, 111 00:07:05,830 --> 00:07:18,785 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 112 00:07:19,265 --> 00:07:24,445 And in the slim, slim chance this is actually true, this is definitely not good news. 113 00:07:24,825 --> 00:07:33,865 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. 114 00:07:33,865 --> 00:07:39,585 and I wouldn't get too excited about this and because even if it did pass it would probably 115 00:07:39,585 --> 00:07:45,265 come with an expiration date or a whole list of asterisks you know where most people would not 116 00:07:45,265 --> 00:07:51,445 even be able to uh to apply to this right so Mickey Mouse talk I'll believe it if you know 117 00:07:51,445 --> 00:07:56,405 if anyone it shows up but until then those pink elephants you know can keep on flying right and 118 00:07:56,405 --> 00:08:01,165 Jim Cramer is out here talking about Bitcoin let's watch this video your Bitcoin is like at 81 119 00:08:01,165 --> 00:08:07,465 You're looking at what I regard as being the single worst moment in this decline 120 00:08:07,465 --> 00:08:09,985 was the moment between 3.30 and 4.30. 121 00:08:10,365 --> 00:08:12,925 And then Williams comes on, and then suddenly everything's fine? 122 00:08:13,185 --> 00:08:15,065 I don't think so. 123 00:08:15,565 --> 00:08:17,225 You don't think everything's fine? 124 00:08:17,305 --> 00:08:18,905 No, there's a lot of people who have to get out. 125 00:08:19,525 --> 00:08:20,485 Let them get out. 126 00:08:21,265 --> 00:08:23,865 This is not what suddenly they wave a magic wand. 127 00:08:23,945 --> 00:08:25,305 We always have real issues. 128 00:08:26,125 --> 00:08:29,925 We have issues with building out the data center unlimited. 129 00:08:29,925 --> 00:08:33,585 it. We have issues with a lot of people, you know, the strategies. 130 00:08:34,645 --> 00:08:38,405 All right. So my takeaway is that Jim Cramer sounds like an idiot when he talks about Bitcoin, 131 00:08:38,645 --> 00:08:42,805 but he's on to something. The price has been dumping. If you're looking at the 132 00:08:42,805 --> 00:08:48,645 dollar denominated exchange rate of Bitcoin, Tony, I would like to hear you talk about 133 00:08:48,645 --> 00:08:55,145 Jim's assessment first. Jim Cramer reminds me of watching an episode of Beavis and Butthead. 134 00:08:55,145 --> 00:08:59,425 I don't know if you guys get the same impression, man. 135 00:09:00,005 --> 00:09:06,785 But if you guys want signal and good news, I think he summarized it pretty well. 136 00:09:07,445 --> 00:09:10,345 And for the record, it's not Bitcoin that's crashing. 137 00:09:11,025 --> 00:09:13,465 It's TradFi wrappers that are crashing. 138 00:09:13,865 --> 00:09:15,845 There's a very big difference between the two. 139 00:09:16,545 --> 00:09:24,245 And I think it's very clear that most folks in the market are very far away from understanding that distinction. 140 00:09:25,145 --> 00:09:33,145 But again, pain is the best teacher and as time progresses, these dips will become rarer and rarer.