1 00:00:00,000 --> 00:00:09,880 The Bitcoin fear and greed index has tanked and price isn't moving much lately, but is 2 00:00:09,880 --> 00:00:13,820 it worth getting anxious about? Perhaps there is more to the story and it's time to get 3 00:00:13,820 --> 00:00:17,560 bullish. Hey everyone, welcome to another episode of Bitcoin banter. I have Tony and 4 00:00:17,560 --> 00:00:21,060 our friend Sophie here with me. Guys, we're pre-recording this, but I thought it might 5 00:00:21,060 --> 00:00:26,080 be a great opportunity to reset a bit and discuss why Bitcoin is winning, even when 6 00:00:26,080 --> 00:00:30,980 Some people can't see it. I've got the fear and greed index tweet up from George Bodine, 7 00:00:31,060 --> 00:00:35,240 and I love what he said here. He said this morning's fear index, and it is, by the way, 8 00:00:35,300 --> 00:00:41,040 very, very low, extreme fearful. He said, best gift I ever gave myself was immunity from fear 9 00:00:41,040 --> 00:00:45,800 with Bitcoin. I have achieved this from work, study, focus. Every single day that Bitcoin 10 00:00:45,800 --> 00:00:50,960 hovers in this range, the less convicted will sell Bitcoin. Most will never be back. Lonely 11 00:00:50,960 --> 00:00:56,500 are the brave. So guys, I think this is this probably expresses our sentiment well. But Sophie, 12 00:00:56,600 --> 00:01:01,020 I would love to have you sort of give your assessment of what you see, you know, working 13 00:01:01,020 --> 00:01:06,180 in Bitcoin, talking Bitcoin all the time out there in the sort of in the Twitter sphere and elsewhere. 14 00:01:07,180 --> 00:01:11,000 I mean, it's interesting because I see this fear and greed index and I just see 15 00:01:11,000 --> 00:01:16,920 smash buy, you know, the more in the red it is, the more you should probably it's a great 16 00:01:16,920 --> 00:01:25,260 opportunity to buy. And believe it or not, I don't really feel feel that fear and greed in 17 00:01:25,260 --> 00:01:31,140 the real world. You might see it in traditional finance. You might see it, you know, with the 18 00:01:31,140 --> 00:01:36,000 Tradfibros and the people who bought ETFs and, you know, people who just don't really understand 19 00:01:36,000 --> 00:01:42,820 how Bitcoin works. But out in the real world with real Bitcoiners and people who use Bitcoin on a 20 00:01:42,820 --> 00:01:49,360 day-to-day basis even like my cousin the other day he was like I'm smash buying I'm finding cash 21 00:01:49,360 --> 00:01:56,460 wherever I can I need more bitcoin like it's it's definitely greed but fear I I'm not so sure 22 00:01:56,460 --> 00:02:02,540 Tony what do you think I mean we we talk about we and admittedly Tony we we talk about a lot of the 23 00:02:02,540 --> 00:02:07,660 crazy stuff going on in the world often and it's not to induce fear but it's just the practical 24 00:02:07,660 --> 00:02:12,620 reality and people need to protect themselves but I know that you remain incredibly optimistic 25 00:02:12,620 --> 00:02:17,260 on this. Yeah, man. I mean, I've been asked many times, you know, how come I'm so chill about, 26 00:02:17,480 --> 00:02:21,640 you know, everything that's going with everything that's going on. I'm like, why wouldn't I be chill? 27 00:02:22,440 --> 00:02:27,160 This greed and fear index to me is really like the ignorant and misinformed index, 28 00:02:27,160 --> 00:02:33,420 because if you actually understood what was going on, you'd be super excited rather than being, 29 00:02:33,420 --> 00:02:39,960 you know, fearful and silly. The situation worldwide is bad. Of course, it's bad. But 30 00:02:39,960 --> 00:02:54,760 There's a reason why it's bad. It didn't just, you know, just land from the sky and, you know, things are just bad. They're bad because we are experiencing, you know, a monetary reset. We have an entire empire that is collapsing and is taking out everything in its way. 31 00:02:54,760 --> 00:03:13,520 And so most folks, unfortunately, they don't listen to the right messages. They don't read the right news. They're just stuck in a two-by-two life routine, and they're bouncing from wall to wall, hoping they're complaining all day is going to fix something. But sadly, it doesn't. 32 00:03:13,520 --> 00:03:20,700 that fearlessness that George is referring to is, you know, is very common with folks that have gone 33 00:03:20,700 --> 00:03:27,260 through extreme pain. I don't know what, you know, the specifics of George's story are, but, you know, 34 00:03:27,300 --> 00:03:33,120 people that, you know, live their life this way usually have come, you know, from a rough road. 35 00:03:33,420 --> 00:03:39,800 Like in the same way I, you know, rose back up from hell, I'm sure George has his own version of it, 36 00:03:39,800 --> 00:03:42,120 And so do like many folks out there. 37 00:03:42,600 --> 00:03:44,340 That fearlessness is the real thing. 38 00:03:44,840 --> 00:03:50,900 Because when you experience, you know, quote unquote, death, nothing really phases you anymore. 39 00:03:51,340 --> 00:03:56,260 And so the only way to go from that point on is up, right? 40 00:03:56,880 --> 00:04:06,020 And in my case, you know, that took me down the rabbit hole of really studying and understanding, you know, why things were so bad globally, why things are going to continue getting bad, unfortunately. 41 00:04:06,020 --> 00:04:09,880 and what the solution is because to every problem there is an answer. 42 00:04:10,300 --> 00:04:11,920 The trick is finding the answer. 43 00:04:12,640 --> 00:04:18,400 And this is where, unfortunately, a lot of folks are still nowhere near this answer. 44 00:04:19,100 --> 00:04:20,780 Bitcoin is the escape hatch. 45 00:04:20,780 --> 00:04:23,140 It's the chessboard that isn't failing. 46 00:04:23,460 --> 00:04:29,780 In fact, it's the chessboard that's getting stronger as the one most people are still on is failing. 47 00:04:29,780 --> 00:04:40,680 And so if you understand this, it's extremely exciting and bullish because you are literally at the forefront of something the world has never seen before. 48 00:04:41,360 --> 00:04:47,340 Sound money, neutral money, fixed supply, no living soul can manipulate or corrupt, rules without rulers. 49 00:04:47,980 --> 00:04:58,260 That utopian world that people talk about, there's a real possibility that this world becomes a thing with sound money now that it exists. 50 00:04:58,260 --> 00:05:06,580 and so I urge folks you know not to give up on those that are seemingly you know helpless you 51 00:05:06,580 --> 00:05:11,720 know because I know it's frustrating it takes takes a ton of patience to talk with folks that 52 00:05:11,720 --> 00:05:16,100 simply don't want to listen right because you're doing it you know as an act of love and they're 53 00:05:16,100 --> 00:05:23,080 translating it as an act of war and so a lot of people just give up I work very hard you know 54 00:05:23,080 --> 00:05:28,340 every day not to give up, you know, as difficult as it may be some days. But I know what the bigger 55 00:05:28,340 --> 00:05:36,100 picture is. And the bigger picture is to transform more of this fear into that excitement. And that 56 00:05:36,100 --> 00:05:41,340 comes really from education and understanding. Because once you know the facts, you know, 57 00:05:41,360 --> 00:05:49,880 the fear just goes away. It just evaporates. Yeah, I couldn't agree more with that. I think 58 00:05:49,880 --> 00:05:56,380 it's we talk about like all roads leading to Bitcoin. And if you really step back and that's 59 00:05:56,380 --> 00:06:01,400 not just some sort of trope that we throw out, if you really step back and think about what is the 60 00:06:01,400 --> 00:06:08,040 only way that we that we people generally can escape from all of the turmoil that we see, 61 00:06:08,160 --> 00:06:12,880 it really comes down to Bitcoin. It's going to take longer than many people would like for 62 00:06:12,880 --> 00:06:18,200 others to wake up. But we saw a lot of people wake up post COVID. I think we're going to see 63 00:06:18,200 --> 00:06:22,280 a lot more people wake up with the next crisis because I'm sure it's being manufactured. 64 00:06:22,920 --> 00:06:25,700 But it really is monetary gunpowder. 65 00:06:25,800 --> 00:06:31,740 I love Seifedean's analogy that you can choose to reject this new technology, but eventually 66 00:06:31,740 --> 00:06:34,420 you're going to have to or you're going to pay the price for it. 67 00:06:34,420 --> 00:06:39,200 And we may have a lot of price pain to do over the coming years for many people. 68 00:06:39,200 --> 00:06:41,620 But eventually, I think we all get there. 69 00:06:41,620 --> 00:06:48,300 So guys, I've got a few things that I could share that make me particularly bullish at the moment. 70 00:06:48,660 --> 00:06:55,360 And I know, you know, Tony, we don't get real excited about price, but for what it's worth, if anyone's paying attention, I'm sure a lot of people are looking at the charts. 71 00:06:55,520 --> 00:07:01,520 Bitcoin, at the time of this recording here, Bitcoin just closed its first green month after five months in the red. 72 00:07:01,520 --> 00:07:04,760 So, and by the way, we've been staying pretty steady. 73 00:07:04,940 --> 00:07:07,600 It's not like Bitcoin dumped to, you know, 10K. 74 00:07:07,600 --> 00:07:11,540 hey, we've seen these big swings in fiat price throughout the years. 75 00:07:11,640 --> 00:07:14,180 This is nothing in my mind to get freaked out about. 76 00:07:14,260 --> 00:07:19,080 The fact that it's holding steady amidst war and energy crises and all of these things, 77 00:07:19,080 --> 00:07:20,640 to me, is incredibly bullish. 78 00:07:20,840 --> 00:07:22,940 I don't know if either of you have a thought on this. 79 00:07:23,740 --> 00:07:31,060 Well, I mean, the spike up to 126, as nice as it may have looked on the charts, 80 00:07:31,780 --> 00:07:34,980 to me, I always had a suspicion that it was like a fake pump 81 00:07:34,980 --> 00:07:40,120 because there's a lot of stupidity in the market that is causing it to go up. 82 00:07:40,660 --> 00:07:44,620 I genuinely did not believe for a second that all of a sudden, 83 00:07:44,860 --> 00:07:50,560 this $126K was in the hands of people like me. 84 00:07:51,200 --> 00:07:55,700 There's no chance because you have all sorts of crazy, 85 00:07:56,180 --> 00:08:00,260 like tradify games using Bitcoin every single day, 86 00:08:00,260 --> 00:08:06,720 leveraged traders, people doing all sorts of fancy circus acts, trying to get creative with 87 00:08:06,720 --> 00:08:12,560 making more Bitcoin, and 99% of them end up getting wrecked. And so this is exactly what 88 00:08:12,560 --> 00:08:18,920 happened. So we had an accumulation of silly games, I guess, which pumped the price up. And 89 00:08:18,920 --> 00:08:25,120 then the minute something broke, they all came tumbling down within hours. And of course, 90 00:08:25,120 --> 00:08:30,580 there's a lot of market manipulators out there that see these you know these silly games and are 91 00:08:30,580 --> 00:08:36,320 just waiting for the pot to get you know juicy enough before they rug pull it and so the fact 92 00:08:36,320 --> 00:08:41,280 that it's holding steady now is because i think the majority of these clowns are out or they're 93 00:08:41,280 --> 00:08:47,320 broke and you know they're not they're not back in for whatever reason bitcoin is the best form of 94 00:08:47,320 --> 00:08:52,900 money the world has ever seen right i mean when people tell me i made profits you know by selling 95 00:08:52,900 --> 00:09:01,740 Bitcoin, it literally cracks me up. I'm like, define profit. If you mean profit by having more 96 00:09:01,740 --> 00:09:09,600 of that worthless paper that is losing value every minute of every day, then you've got your 97 00:09:09,600 --> 00:09:16,380 definitions backwards, my friend. Because if I wanted to accumulate a lot of paper as well, 98 00:09:16,380 --> 00:09:20,940 I just go buy the Lebanese pound. Very easy, man. I'll become a trillionaire in half an hour. 99 00:09:20,940 --> 00:09:25,080 I don't understand what you get so excited about. 100 00:09:25,260 --> 00:09:26,580 Yeah, but we live in a dollar world. 101 00:09:26,960 --> 00:09:29,780 We live in a dollar world that is on its way out. 102 00:09:30,080 --> 00:09:31,000 Yeah, for now. 103 00:09:31,180 --> 00:09:33,500 For now in like big, bold capital letters. 104 00:09:33,880 --> 00:09:36,620 But that for now is expiring very quickly. 105 00:09:36,760 --> 00:09:39,300 This is why we see all the calamities out there, right? 106 00:09:39,880 --> 00:09:43,800 And again, I mean, it comes down from sheer ignorance 107 00:09:43,800 --> 00:09:47,920 because to the world, there is bad currencies 108 00:09:47,920 --> 00:09:50,380 and in the countries that have them, 109 00:09:50,940 --> 00:09:55,120 The only other currency that they know that is good is the dollar. 110 00:09:55,840 --> 00:10:01,000 In their vocabulary, in their knowledge base, Bitcoin is not there yet. 111 00:10:01,160 --> 00:10:04,960 Nobody has implemented that world in their radar. 112 00:10:05,360 --> 00:10:06,580 So they don't see it. 113 00:10:06,580 --> 00:10:12,360 They only stop at the dollar, which is why people get excited over the stablecoin nonsense. 114 00:10:13,060 --> 00:10:20,760 But sooner or later, even that's going to fail because it's based on the same failing dollar to begin with. 115 00:10:20,940 --> 00:10:26,460 Right. And when that happens, you know, like you've looked everywhere, there's nowhere else to go. 116 00:10:27,080 --> 00:10:33,960 Sooner or later, you're going to be forced to look at the money that is not government issued or central bank issued. 117 00:10:34,100 --> 00:10:39,040 Something, again, that humanity has never known before, which is why so many remain oblivious to it. 118 00:10:39,500 --> 00:11:02,207 But if you do the work and you just spend a couple of hours reading and listening to the right people to understand why your life is a mess why you can afford many things why prices are always up why people are complaining why we about to witness the biggest historical crash like Earth has ever seen in the not so distant future 119 00:11:02,527 --> 00:11:04,787 Well, you know, you get your answers. 120 00:11:05,027 --> 00:11:08,267 And once you have this understanding, you know where to go. 121 00:11:08,267 --> 00:11:25,347 And so watching the charts to me is laughable because no matter what the chart says, I see the number one, one Bitcoin is equal to thousands of whatever currency you want to list on that chart. 122 00:11:26,207 --> 00:11:29,187 So to me, there's only one king of money. 123 00:11:29,767 --> 00:11:30,887 And it's not the dollar. 124 00:11:31,067 --> 00:11:31,807 It's not the euro. 125 00:11:31,987 --> 00:11:35,527 It's not any of these worthless printed papers. 126 00:11:35,527 --> 00:11:42,407 It's Bitcoin that cannot be manipulated by anyone on this planet. 127 00:11:43,367 --> 00:11:49,847 And so whether it's 68 or 680,000 or 10 million, you know, that's like a bonus. 128 00:11:50,047 --> 00:11:58,307 It's like a cherry on top because my one is still worth a lot more than your one in paper is ever going to be worth. 129 00:11:58,807 --> 00:12:01,067 Right. This is why I call it the savings technology. 130 00:12:01,067 --> 00:12:06,567 You buy it, you save in it, you stack more of it so that you have more today than you did yesterday. 131 00:12:06,747 --> 00:12:22,867 And at some point, your total purchasing power in whichever local fiat currency is going to be phenomenal, which is why so many Bitcoiners who have understood this many years ago don't complain about money. 132 00:12:22,867 --> 00:12:29,427 it's not that they're buying lambos every tuesday but they don't complain about money because as 133 00:12:29,427 --> 00:12:34,387 inflation goes up so does their purchasing power because they're holding an asset that is 134 00:12:34,387 --> 00:12:41,767 deflationary it's going the opposite direction and so that's the money logical people should be 135 00:12:41,767 --> 00:12:46,547 holding because trying to accumulate more of that failing paper just to make you feel better 136 00:12:46,547 --> 00:12:52,067 is just a sign of repeating the same bad habits. 137 00:12:52,227 --> 00:12:54,187 It's a sheer sign of ignorance. 138 00:12:54,967 --> 00:12:59,547 And so the charts, you can look at them if it makes you feel better, 139 00:12:59,547 --> 00:13:02,547 but relying on them to make your life decisions financially, 140 00:13:03,427 --> 00:13:07,207 in my opinion, is a terrible, terrible, terrible strategy. 141 00:13:08,367 --> 00:13:10,947 Yeah, you're absolutely right about that. 142 00:13:11,147 --> 00:13:12,567 Sophie, did you want to add something there? 143 00:13:12,887 --> 00:13:16,327 Well, I actually wanted to ask, I completely agree, by the way, 144 00:13:16,327 --> 00:13:21,187 And I think that, you know, looking at this chart is kind of just like, oh, cool. 145 00:13:21,787 --> 00:13:31,107 For Bitcoiners who are used to going on the roller coaster of price increases and dips and whatever, like we look at this and we're like, oh, all right. 146 00:13:31,467 --> 00:13:32,547 Like, not a big deal. 147 00:13:32,787 --> 00:13:40,447 You show this to someone who's a regular on the stock market and they have a heart attack or, you know, they get really excited and it's just like, oh, OK, great. 148 00:13:40,527 --> 00:13:41,907 Like clap, monkey clap. 149 00:13:41,907 --> 00:13:57,027 But I wanted to ask Tony, do you what do you think what is your take on the four year cycle, given the fact that you said, you know, you didn't believe that one hundred and twenty six thousand was the top that it was, you know, market manipulation. 150 00:13:57,027 --> 00:14:03,447 I kind of feel the same way, but I wanted to ask you directly, like, what do you think about the four year cycle? 151 00:14:03,447 --> 00:14:11,887 Is it dead? Are we you know, is it still alive? Are we still relying on this like red, green, red, whatever? 152 00:14:12,087 --> 00:14:16,527 I'm like, I think it's like red, red, green or something or sorry. 153 00:14:16,647 --> 00:14:19,687 It's the opposite. It's green, green, red and then green again. 154 00:14:20,967 --> 00:14:22,367 What do you think about that? 155 00:14:22,367 --> 00:14:34,767 I personally never paid much attention to the four-year cycle because I don't try to fit Bitcoin into the legacy world, which is what people who focus on these four-year cycles are doing. 156 00:14:35,227 --> 00:14:41,707 Bitcoin is money, but when you put it in a four-year cycle, that means you're treating it as a stock, as a speculation. 157 00:14:42,407 --> 00:14:46,227 And that's not what it is, so it makes no sense for it to be in that world. 158 00:14:46,227 --> 00:15:03,147 And those who do this, well, they're just repeating latest stratified games using Bitcoin. So you have a lot of paper Bitcoin, you have a lot of market manipulators, you have a lot of these dirty games that are being played in this world. 159 00:15:03,147 --> 00:15:10,687 And of course, you know, you're going to have these cycles because that's just inherent to the nature of that world. 160 00:15:10,827 --> 00:15:23,427 Right. But for those who understand that Bitcoin is the money, it's an advantage point because when the when the fiat price drops, you know, people who understand Bitcoin as money get excited. 161 00:15:23,627 --> 00:15:26,627 Right. Because now it's a cheaper way to accumulate more stacks. 162 00:15:27,187 --> 00:15:34,607 Eventually, these four-year cycles are going to stop simply because, first of all, Bitcoin's fixed supply gives it an expiration date. 163 00:15:35,207 --> 00:15:37,227 And no one has an endless amount of money. 164 00:15:37,227 --> 00:15:47,047 So at some point, people are going to just run out of money or just stop doing it because situations, whether it's globally, economically, whatever the case may be, are going to force them to stop doing this. 165 00:15:47,107 --> 00:15:55,647 Because there's more important priorities to attend to than trying to gamble all day long with something that is not meant to be gambled with. 166 00:15:55,647 --> 00:16:03,367 so again when the price dips it's a chance to accumulate more sats at some point whatever 167 00:16:03,367 --> 00:16:08,507 amount of sats that you have will give you a purchasing power that gives you a comfortable 168 00:16:08,507 --> 00:16:14,367 life because again it's going in the opposite direction of the the inflation you are going you 169 00:16:14,367 --> 00:16:20,667 know your purchasing power goes up as the inflation goes up and so when the fiat price goes really up 170 00:16:20,667 --> 00:16:26,267 that's like look at it that's like a christmas bonus you know like it really shouldn't be like 171 00:16:26,267 --> 00:16:31,887 oh my god now i'm rich if you're thinking that way it's because you're still thinking in dollars 172 00:16:31,887 --> 00:16:38,847 you know i understand we still live in a fiat world but when you break that mindset it makes 173 00:16:38,847 --> 00:16:44,527 your understanding of bitcoin a lot stronger and and you know and your conviction at the same time 174 00:16:44,527 --> 00:16:47,787 because if your dollar amount went up, 175 00:16:48,007 --> 00:16:51,687 then your other fiat currencies amount also went up. 176 00:16:52,227 --> 00:16:55,407 So you are literally in the strongest position financially 177 00:16:55,407 --> 00:16:58,667 you can be in this world 178 00:16:58,667 --> 00:17:01,227 because you are holding again the king of money 179 00:17:01,227 --> 00:17:05,947 that is worth thousands of every other piece of paper out there. 180 00:17:06,607 --> 00:17:07,787 So making profits, 181 00:17:08,087 --> 00:17:09,967 the only profit you're going to make 182 00:17:09,967 --> 00:17:12,067 is if you have more Bitcoin 183 00:17:12,067 --> 00:17:15,347 because that is going to cement your freedom. 184 00:17:16,047 --> 00:17:16,647 That's the only... 185 00:17:16,647 --> 00:17:18,887 And I wouldn't even look at it as a profit 186 00:17:18,887 --> 00:17:22,467 because it kind of reinforces that gambling mentality 187 00:17:22,467 --> 00:17:24,047 that you were talking about. 188 00:17:24,987 --> 00:17:28,227 And that mentality is what got us into fiat 189 00:17:28,227 --> 00:17:29,787 in the first place, in my opinion. 190 00:17:29,967 --> 00:17:32,547 I think that when you think like, 191 00:17:32,647 --> 00:17:35,227 oh, I'm going to put my money into something 192 00:17:35,227 --> 00:17:38,667 because I want it to grow magically out of thin air 193 00:17:38,667 --> 00:17:39,707 instead of, you know, 194 00:17:39,727 --> 00:17:41,327 I'm going to put my money into something 195 00:17:41,327 --> 00:17:48,107 so that it doesn't lose value over time, which is essentially what Bitcoin is, you know, kind of 196 00:17:48,107 --> 00:17:54,987 opens up your world to, you know, first of all, be like less greedy. And second of all, work, 197 00:17:54,987 --> 00:18:00,187 you know, put more like hours and dedication into the thing that you actually want and actually like 198 00:18:00,187 --> 00:18:05,307 grow something instead of just sitting there and expecting the world to hand you everything. 199 00:18:05,307 --> 00:18:12,487 and and I think that Bitcoin enables that it enables like the ironically because right like 200 00:18:12,487 --> 00:18:17,847 you have all these crypto bros that you know made a thousand X and now they have a Lambo and they're 201 00:18:17,847 --> 00:18:21,727 like oh I never have to work a day in your life but it's like how miserable is that you know you 202 00:18:21,727 --> 00:18:28,687 kind of lose so much of your life's purpose by buying into that fiat gambling mentality and like 203 00:18:28,687 --> 00:18:33,767 you can just you know like Bitcoin serves a totally different purpose than that because it's 204 00:18:33,767 --> 00:18:39,867 not just the pump and dump. It's something that is actually going to retain value for the rest of 205 00:18:39,867 --> 00:18:44,727 your life and that you can pass on to your children. Absolutely. I think you're right. 206 00:18:45,087 --> 00:18:49,587 If I could comment on the four-year cycle and then people talk about the power law, 207 00:18:50,107 --> 00:18:56,407 I'm really open-minded to what we could see in terms of fiat price action coming over the next 208 00:18:56,407 --> 00:19:00,447 eight to 10 years. I think eventually, though, what I do believe is all models will be broken 209 00:19:00,447 --> 00:19:05,487 And there will be a black swan or there will be a moment of reckoning, like Tony alluded to. 210 00:19:06,427 --> 00:19:09,127 The next whatever the next crisis is, it's going to be bigger. 211 00:19:09,207 --> 00:19:10,267 The print's going to be bigger. 212 00:19:10,387 --> 00:19:11,787 The response is going to be bigger. 213 00:19:11,907 --> 00:19:18,307 More people will wake up and it'll become evident that you need a plan B, that whatever 214 00:19:18,307 --> 00:19:22,567 you've been doing in fiat for all of these years, for your whole life, it is no longer 215 00:19:22,567 --> 00:19:23,347 going to work. 216 00:19:23,987 --> 00:19:29,207 And that is when I think Bitcoin goes in purchasing power terms, just goes crazy. 217 00:19:29,207 --> 00:19:51,747 The other comment I would make is that we've talked a lot about price. The thing for me is, I'll tell you a quick story. I share this on our live stream. So my sister-in-law is trying to pay a contractor in cash and she needs to pay him in like the next five, seven days, something like that. And her bank doesn't offer like traditional banking services. She can't go withdraw this cash from the bank that she's used for forever. 218 00:19:51,747 --> 00:19:56,067 So she has to go set up a new bank account and they have a withdrawal period. 219 00:19:56,527 --> 00:20:00,367 She can't withdraw the amount that she needs in cash for like 30 days or something. 220 00:20:00,867 --> 00:20:06,467 And so now she's like in this conundrum where it's and so she was texting our family chat about this. 221 00:20:06,527 --> 00:20:09,847 And I said, I said, yeah, it's it's not money. 222 00:20:10,107 --> 00:20:12,667 It's not yours. And they don't have it anyway. Got Bitcoin. 223 00:20:13,207 --> 00:20:18,827 And I think more people are going to wake up to the non-purchasing power attributes of Bitcoin, 224 00:20:18,827 --> 00:20:24,027 like censorship resistance, permissionlessness, all of the things we talk all the time about, 225 00:20:24,087 --> 00:20:29,207 because you need that as much as you need Bitcoin number go up. Like in this world, 226 00:20:29,207 --> 00:20:33,627 that is so much more important in today. Tony, you understand it because of Lebanon. 227 00:20:34,187 --> 00:20:38,527 Most people in the West haven't experienced that. The Canadian truckers, they get it. But like the 228 00:20:38,527 --> 00:20:42,667 average American, the average Canadian, the average Australian, like they just haven't 229 00:20:42,667 --> 00:20:48,227 experienced that yet. I think a lot of Americans do understand it, but like they just think it's 230 00:20:48,227 --> 00:20:53,707 normal and so do so do a lot of other people in the world they just think it's normal that oh like 231 00:20:53,707 --> 00:20:59,127 this is my money but they get to control how it comes in and out of my account yeah that's totally 232 00:20:59,127 --> 00:21:04,307 normal people just accept it because it's convenient and because it is the status quo 233 00:21:04,307 --> 00:21:11,267 they accept it until they lose access to it that's that's the problem is until they feel the pain 234 00:21:11,267 --> 00:21:15,947 which you mentioned also and i just i completely relate to that because when i worked in the 235 00:21:15,947 --> 00:21:23,087 Dominican Republic, I had the same experience as your sister. I was literally like trying to make 236 00:21:23,087 --> 00:21:43,895 business transactions and the bank was like well unless you come here with a letter in you know a long paper format with a stamp and the signature from the president of the company and an id with you know like your visa like you need like all these papers to make 237 00:21:43,895 --> 00:21:50,615 a transaction from the account that you own that's crazy to me yeah that's not normal you feel that 238 00:21:50,615 --> 00:21:56,115 pain until you feel the loss of opportunity the the way that these people just have you 239 00:21:56,115 --> 00:22:03,475 absolutely controlled, then that like that's that was like my moment of reckoning. 240 00:22:03,475 --> 00:22:09,015 And that unfortunately will not be the moment of reckoning for many people because they 241 00:22:09,015 --> 00:22:11,155 really just think it's normal. 242 00:22:11,715 --> 00:22:14,675 Yeah, it's normal until it stops becoming normal. 243 00:22:14,755 --> 00:22:19,175 This is like, you know, denying that you're in a really bad and abusive relationship until 244 00:22:19,175 --> 00:22:22,975 one day you wake up with, you know, every bone in your body broken. 245 00:22:22,975 --> 00:22:30,175 Yeah, except then they'll give you the bread and circuses and tell you, oh, no, it's fine. 246 00:22:30,295 --> 00:22:31,255 Like, look over here. 247 00:22:31,395 --> 00:22:32,475 Look at this distraction. 248 00:22:32,715 --> 00:22:33,335 Look at whatever. 249 00:22:33,735 --> 00:22:35,335 And that's how they distract you. 250 00:22:35,375 --> 00:22:38,415 How do you think they printed so much money during COVID? 251 00:22:38,815 --> 00:22:39,775 Yeah, but you know what? 252 00:22:39,855 --> 00:22:42,895 So I don't expect 8.3 billion people to get it. 253 00:22:43,075 --> 00:22:47,955 But the silver lining is we don't need 8.3 billion people. 254 00:22:48,195 --> 00:22:51,155 Bitcoin fails if nobody uses it. 255 00:22:51,155 --> 00:23:00,315 And that is the farthest thing from what is actually happening now because Bitcoin's awakening and adoption is on fire. 256 00:23:00,855 --> 00:23:06,895 People will understand its actual value proposition that you are no longer living in a cage. 257 00:23:07,135 --> 00:23:19,415 That's not normal, man, that you have to beg to use your own money and to wait for permission from some piece of shit that just doesn't want to give it to you because they don't feel like it or they think you're just not worthy enough. 258 00:23:19,415 --> 00:23:26,595 like people should like have a like enough self-respect to say no to uh to living the 259 00:23:26,595 --> 00:23:33,155 life of a of a literal donkey with a chain around your neck it's not normal i think you nailed it 260 00:23:33,155 --> 00:23:39,395 and by the way so i'm glad we got to cover that i will say in a on the number go up topic people 261 00:23:39,395 --> 00:23:44,735 do need to still zoom out if you're waiting for your purchasing power to increase that is happening 262 00:23:44,735 --> 00:23:50,135 13 years ago today, day of recording here, Bitcoin reached $100 for the first time. 263 00:23:50,615 --> 00:23:56,195 The beauty of this of this revolution, this peaceful revolution, is the fact that we're 264 00:23:56,195 --> 00:24:01,355 talking about this in the earliest innings. That said, I'm I'm sort of a gradually then suddenly 265 00:24:01,355 --> 00:24:06,715 guy, as I alluded to. I don't think the early innings last a whole lot longer, maybe a year, 266 00:24:06,795 --> 00:24:10,995 maybe a couple of years. I don't know. But if you're waiting for your purchasing power to go up, 267 00:24:10,995 --> 00:24:15,935 I think that day is coming. In the meantime, be grateful that you found Bitcoin early enough, 268 00:24:16,015 --> 00:24:19,255 that you had time to study it, that you learned, that you grew your conviction, 269 00:24:19,675 --> 00:24:23,875 and you have all of these other things like censorship-resistant money, the ability to be 270 00:24:23,875 --> 00:24:29,795 your own bank, you have unpermissioned money. Those are beautiful things we can celebrate today. 271 00:24:30,235 --> 00:24:34,395 In the meantime, we'll see what our purchasing power looks like five years from now. I think 272 00:24:34,395 --> 00:24:39,595 it's going to be wild, personally. And 13 years ago, that's really not that long ago. 273 00:24:39,595 --> 00:24:47,215 I mean, this is like the fastest appreciating form of currency that I think has ever existed. 274 00:24:47,555 --> 00:24:48,915 I mean, this is crazy. 275 00:24:49,715 --> 00:24:56,115 To me, it's really mind-boggling why not more people are angry, are angry that their situation 276 00:24:56,115 --> 00:24:56,655 sucks. 277 00:24:56,815 --> 00:24:59,115 They're angry that they can't afford anything. 278 00:24:59,255 --> 00:25:04,375 They're angry that they always have to beg someone to access their own time and energy. 279 00:25:04,975 --> 00:25:07,935 Like, how does that make sense in a sane world? 280 00:25:09,595 --> 00:25:19,975 Yeah, it makes no sense. The other thing to keep in mind is I think my thesis is 30 years from now, people are going to earn in Bitcoin and then they're going to save in Bitcoin. 281 00:25:19,975 --> 00:25:29,455 And then some people who are savvy, well-informed, they're going to invest some portion of what they earn into riskier business, starting up businesses, whatever. 282 00:25:29,735 --> 00:25:39,535 And I think that's fine. Those people are probably going to see like a 3% growth or 5% growth in their purchasing power every year. 283 00:25:39,595 --> 00:25:45,775 not 50, not 100%, not what we get to experience in the early days of Bitcoin. So I think that's 284 00:25:45,775 --> 00:25:49,875 still a beautiful world where you can save the money that you earn. You can save your Bitcoin 285 00:25:49,875 --> 00:25:54,755 and you see it grow a little bit in purchasing power because of technology making things more 286 00:25:54,755 --> 00:26:00,275 efficient, the world more productive. But most people who for the over the next hundred years, 287 00:26:00,275 --> 00:26:05,695 I'm not going to get to experience what we get to experience now because they weren't alive in the 288 00:26:05,695 --> 00:26:10,355 early days of Bitcoin, or they were sitting on the sidelines trying to deal with withdrawing cash 289 00:26:10,355 --> 00:26:15,335 from a bank or whatever. They were just asleep at the wheel. So again, I think something to be 290 00:26:15,335 --> 00:26:19,195 incredibly bullish and grateful for. Any other comments on the price? 291 00:26:19,455 --> 00:26:25,335 So many people are taking the fact that they're alive during this historical moment in time for 292 00:26:25,335 --> 00:26:33,235 granted because the massive generational wealth that people keep talking about, this can only 293 00:26:33,235 --> 00:26:38,895 happen when you are like dinosaur early to something in a hundred years when bitcoin is 294 00:26:38,895 --> 00:26:43,995 you know as common as high-speed internet well you know i mean you'll still benefit from it for sure 295 00:26:43,995 --> 00:26:49,735 but you know those historical returns that people keep you know drooling over those will be gone 296 00:26:49,735 --> 00:26:55,395 because again you know there's so much global adoption that you know that that stage is already 297 00:26:55,395 --> 00:27:01,435 like that train has has left already because today for example if you ask someone who understands 298 00:27:01,435 --> 00:27:07,035 Bitcoin, where would you rather park, I don't know, X amount of money into Bitcoin or let's say, 299 00:27:07,115 --> 00:27:12,355 I don't know, buying a restaurant or a hotel? Logically speaking, if they know what they're 300 00:27:12,355 --> 00:27:17,055 doing, they wouldn't touch the restaurant or the hotel because they have to deal with staff, 301 00:27:17,115 --> 00:27:21,875 they have to deal with regulation and taxes and government and all that headache. Whereas they 302 00:27:21,875 --> 00:27:27,775 can take their money, park it in Bitcoin and just do nothing really if they don't want to 303 00:27:27,775 --> 00:27:31,155 and just wait for a little while 304 00:27:31,155 --> 00:27:33,735 and their returns on this 305 00:27:33,735 --> 00:27:37,375 will be way bigger than any restaurant or hotel 306 00:27:37,375 --> 00:27:38,475 that they could have managed, 307 00:27:38,535 --> 00:27:41,955 even if they were flawless in their management execution. 308 00:27:42,855 --> 00:27:44,595 It's not going to happen. 309 00:27:45,095 --> 00:27:46,195 But in 100 years, 310 00:27:46,615 --> 00:27:49,915 when Bitcoin's returns are no longer this big, 311 00:27:50,335 --> 00:27:52,715 then yes, people will go back to looking at hotels, 312 00:27:52,855 --> 00:27:55,635 at restaurants, maybe real estate, things like that, 313 00:27:55,635 --> 00:28:00,555 because that is no longer where the bulk of their savings is sitting, right? 314 00:28:01,335 --> 00:28:02,815 But it'll be different. 315 00:28:03,095 --> 00:28:08,915 It'll be different because it'll be for people that are actually interested in real estate, 316 00:28:09,035 --> 00:28:15,995 who are actually interested in, you know, I mean, I think you have to be interested in making a restaurant to run one 317 00:28:15,995 --> 00:28:17,235 because it's a lot of hard work. 318 00:28:17,235 --> 00:28:25,435 But it's people who aren't going to just do things in order to save the value of their currency. 319 00:28:25,635 --> 00:28:32,315 It's going to be people who have a vocation and we're going to go back to where I think we're going to have a renaissance era. 320 00:28:32,315 --> 00:28:54,975 Honestly, as soon as Bitcoin is like fully adopted by the majority of the world, I think that it's going to give the opportunity for people to get back to being creative, get back to being truly innovative, not just for the sake of making money or making a profit, but for the sake of making something beautiful, of like making something that lasts in this world. 321 00:28:54,975 --> 00:28:58,215 that is actually, you know, going to make other people happy. 322 00:28:58,615 --> 00:29:04,215 You know, we look at AI right now and, you know, I think a lot of people are and they're 323 00:29:04,215 --> 00:29:05,715 like, oh, it's going to take people's jobs. 324 00:29:05,715 --> 00:29:09,215 It's going to give you a lot more time to do, you know, the things that you want to do. 325 00:29:09,215 --> 00:29:15,055 But that's first of all, that's impossible if you have a centralized currency and you 326 00:29:15,055 --> 00:29:20,295 have, you know, you have these overlords basically dictating what you can and cannot do. 327 00:29:20,295 --> 00:29:44,295 And second of all, like the whole purpose of AI is, you know, for the profit of one person. Bitcoin makes it so that everybody benefits. Everybody who uses it benefits. And when everybody benefits truly and we are able to actually take a breather and be with our families and do the things that we want to do, that just makes for a better society. 328 00:29:44,295 --> 00:29:48,855 society. It makes for more innovation. It makes for better technology. It makes for a better 329 00:29:48,855 --> 00:29:55,295 society as a whole. So people, you know, they think that like you're in it because, oh, I want 330 00:29:55,295 --> 00:30:01,355 to get rich quick, whatever, Lambo. And it's so much bigger than that. And it like the further 331 00:30:01,355 --> 00:30:07,375 you go down the rabbit hole, first of all, the more you realize how messed up the world is because 332 00:30:07,375 --> 00:30:13,335 of fiat currency. But then you also realize everything that you have to gain by adopting 333 00:30:13,335 --> 00:30:19,135 a Bitcoin currency. And at the end of the day, it's ultimately your time. It's your time. And 334 00:30:19,135 --> 00:30:25,755 when everybody else has, you know, a reclamation back of their time, they do better things with it. 335 00:30:25,755 --> 00:30:33,055 They make good in the world. And so that to me is where Bitcoin ultimately lands everybody and 336 00:30:33,055 --> 00:30:38,955 why I care so much about this stuff, because if everybody had a little bit more time to like do 337 00:30:38,955 --> 00:30:43,535 the things that they love, I know that this world would genuinely be a better place. People would 338 00:30:43,535 --> 00:30:49,175 have more kids because there would be a village to take care of your kids. You know, right now you 339 00:30:49,175 --> 00:30:54,575 have households where people, you know, both parents are working and they have to work their 340 00:30:54,575 --> 00:31:00,715 butts off because their currency is being robbed from them and they have to do it because if not, 341 00:31:00,795 --> 00:31:06,535 it's impossible to live in this world. And that's just like one small example of one of the things 342 00:31:06,535 --> 00:31:13,695 that Bitcoin gives back and why I think that this is the true revolution. It's not anything else. 343 00:31:13,875 --> 00:31:19,455 It's Bitcoin. Absolutely. I think you nailed it. Guys, before we wrap up, I did want to touch on 344 00:31:19,455 --> 00:31:23,935 one more piece of really good news that I think everyone should be excited about. And this is a 345 00:31:23,935 --> 00:31:29,395 big deal. So Square this week, they've auto enabled Bitcoin payments for US sellers. So I 346 00:31:29,395 --> 00:31:34,595 think it's like 4 million merchants who now you can pay with Bitcoin by default. Obviously, on the 347 00:31:34,595 --> 00:31:38,735 back end, the merchant can do what they want with that. I think it auto converts to fiat by default. 348 00:31:38,875 --> 00:31:43,055 So it's not like all the merchants are necessarily stacking Bitcoin. But Tony, we talked about this 349 00:31:43,055 --> 00:31:48,235 on our live stream as well. And the reality is we're going to see more of those Bitcoin accepted, 350 00:31:48,495 --> 00:31:53,835 Bitcoin preferred stickers on doors. And to me, this is going to help fend off people who think 351 00:31:53,835 --> 00:31:58,575 Bitcoin is exclusively an investment vehicle because they've watched too much CNBC or Fox 352 00:31:58,575 --> 00:32:00,195 business or whatever it is. 353 00:32:01,195 --> 00:32:03,115 This to me is massive news. 354 00:32:03,335 --> 00:32:07,055 I would love for, you know, Tony, you can share your thoughts, but I'd love to hear what 355 00:32:07,055 --> 00:32:07,875 Sophie thinks as well. 356 00:32:08,255 --> 00:32:08,935 Yeah, of course, man. 357 00:32:08,955 --> 00:32:10,035 This is extremely bullish. 358 00:32:10,035 --> 00:32:14,535 I mean, while people who don't understand Bitcoin are, you know, on that, you know, 359 00:32:14,595 --> 00:32:24,962 misinformed and ignorant greed index people who are paying attention to the ecosystem being built are like massively excited and jumping for joy 360 00:32:25,102 --> 00:32:28,662 This is huge because, you know, this is where the puck is going. 361 00:32:28,662 --> 00:32:34,342 And when you have solutions that make it brain dead easy for anyone to accept Bitcoin, 362 00:32:35,222 --> 00:32:39,602 you know, this is how it infiltrates and becomes more and more mainstream. 363 00:32:40,202 --> 00:32:44,702 Merchants now literally have to do nothing except put a sticker on their front door saying 364 00:32:44,702 --> 00:32:50,122 that, you know, Bitcoin's accepted here. And once that happens, you know, that gives them access to 365 00:32:50,122 --> 00:32:55,122 a massive market that they would have never seen had it not been for that sticker. Something, you 366 00:32:55,122 --> 00:33:00,482 know, that restaurants like Steak and Shake, for example, are experiencing. Something like 367 00:33:00,482 --> 00:33:05,302 supermarket chains like the Carrefour in Europe is experiencing. And, you know, these smart 368 00:33:05,302 --> 00:33:10,822 merchants not only are accepting Bitcoin, but they're incentivizing people to pay in it by 369 00:33:10,822 --> 00:33:15,822 giving them, you know, like significant discounts. So to the individual walking through the front 370 00:33:15,822 --> 00:33:21,722 door that has never heard of Bitcoin is going to pay attention to that discount. And so whether 371 00:33:21,722 --> 00:33:28,522 they care about Bitcoin or not, they're going to want to know how to get 20% off. And so by doing 372 00:33:28,522 --> 00:33:34,662 that enough time, you know, you subconsciously register Bitcoin as money. And this is how it's 373 00:33:34,662 --> 00:33:40,062 all of a sudden becomes just like high speed internet. It's just like everywhere. Right. And 374 00:33:40,062 --> 00:33:47,562 And then, you know, people who want to learn more about this because all of a sudden they realize that, holy shit, man, I don't have to worry about high prices anymore. 375 00:33:47,722 --> 00:33:50,262 Now, you know, I'm comfortable again. 376 00:33:50,742 --> 00:33:53,202 You know, and that's usually when that suddenly spread. 377 00:33:53,682 --> 00:33:55,202 And there's so many solutions. 378 00:33:55,202 --> 00:34:03,002 I mean, Square is really like a huge one, but there are thousands of similar solutions being built on the Bitcoin ecosystem. 379 00:34:03,682 --> 00:34:05,142 This is the world that I live in. 380 00:34:05,142 --> 00:34:11,502 This is why I wake up super excited, no matter what happens on the chart and why I never look at it, because it's irrelevant. 381 00:34:12,262 --> 00:34:13,602 It's, you know, one world is here. 382 00:34:13,662 --> 00:34:16,522 This one's completely, it's a complete parallel world, oil and water. 383 00:34:16,642 --> 00:34:17,462 They cannot mix. 384 00:34:18,062 --> 00:34:28,322 So at some point, people are going to, like, pay attention to the positive incentives of sound money and are just going to just leave the old world into the new one. 385 00:34:29,582 --> 00:34:30,642 I agree. 386 00:34:30,742 --> 00:34:34,222 And it's being built right before our eyes, if people are willing to pay attention. 387 00:34:34,222 --> 00:34:36,022 Sophie, you excited about this? 388 00:34:36,302 --> 00:34:48,902 I think it would be super cool if Square did something like Spotify wrapped for all of these businesses and like sent them like this year you stacked this much Bitcoin. 389 00:34:49,202 --> 00:34:53,682 If you would have had it in fiat, this is how much you would have lost to inflation. 390 00:34:53,962 --> 00:34:55,922 But instead you have it in Bitcoin. 391 00:34:56,202 --> 00:35:00,662 So this is how much it's expected to grow over the next four years. 392 00:35:00,662 --> 00:35:16,742 Like if they made like some really beautiful story, perfect presentation for people to look at and like share with their friends, I think that would be like one of the most massively like orange pilling events of history. 393 00:35:16,742 --> 00:35:23,762 because you can see clearly how by accepting Bitcoin without you having to do anything extra, 394 00:35:23,762 --> 00:35:32,162 without taking any extra steps, you are able to maximize your returns in your business and, 395 00:35:32,282 --> 00:35:39,742 you know, keep your capital intact. So, yeah, I'm really excited for this. I think Square and, 396 00:35:39,822 --> 00:35:46,042 you know, Jack Dorsey in particular has been a huge pioneer in the adoption of Bitcoin. I remember 397 00:35:46,042 --> 00:35:51,242 that in the last Bitcoin conference they had in Miami, which I think was like in 2022, 398 00:35:52,422 --> 00:35:59,882 Cash App had this massive satellite event on Lincoln Road and they had a bunch of vendors. 399 00:36:00,182 --> 00:36:05,742 And it was the first time in my life that I ever heard of like my normie friends, because I have a 400 00:36:05,742 --> 00:36:11,242 lot of like fashion girlies who do thrift markets and things like that. It was the first time I ever 401 00:36:11,242 --> 00:36:19,762 heard them, the cool girls talking about Bitcoin. And so now everybody has access to this. It's just 402 00:36:19,762 --> 00:36:25,222 really like an automatic thing. And I think that it's going to be great for businesses. And, you 403 00:36:25,222 --> 00:36:31,862 know, but but also like there needs to be like kind of that like look at how this is going for 404 00:36:31,862 --> 00:36:37,742 you and why this is positive for you and why you should opt into this option that you don't even 405 00:36:37,742 --> 00:36:44,802 have to like do any extra steps but like this is this is why it matters because social media like 406 00:36:44,802 --> 00:36:51,142 people underestimate the power of social media sometimes and like when people like make kind of 407 00:36:51,142 --> 00:36:56,122 like a shareable moment a memeable moment which I think like Jack Dorsey obviously like creator of 408 00:36:56,122 --> 00:37:05,002 Twitter is like perfectly positioned to do um I think that will you know advance uh hyper 409 00:37:05,002 --> 00:37:11,162 Bitcoinization more than you can even realize. That is a really good point. And by the way, 410 00:37:11,162 --> 00:37:15,902 you should tweet that at Jack and suggest it because that's a great idea. Because if these 411 00:37:15,902 --> 00:37:19,602 merchants, for example, if they turned on the ability for US merchants to accept euros, 412 00:37:20,202 --> 00:37:23,702 no one would care. No one would care. And for a lot of these merchants, they don't understand why 413 00:37:23,702 --> 00:37:27,262 they would accept Bitcoin. It doesn't, you know, they haven't done the work. It hasn't registered 414 00:37:27,262 --> 00:37:33,362 for them. But if there were some sort of a, like an educational tool that was incorporated, 415 00:37:33,362 --> 00:37:40,302 like, you know, a recap of the year, like encouraging people to not just accept Bitcoin 416 00:37:40,302 --> 00:37:44,182 because that's on by default, but actually to hold in Bitcoin after they've received payment in 417 00:37:44,182 --> 00:37:50,122 Bitcoin, take self-custody, right? Like all of the things that the average person who just runs a 418 00:37:50,122 --> 00:37:55,462 coffee shop who hasn't dug into Bitcoin isn't going to know. I feel like this is a platform 419 00:37:55,462 --> 00:38:00,102 that could be way more than just, hey, you know, you're going to accept Bitcoin by default. And 420 00:38:00,102 --> 00:38:06,302 that would be beautiful in my mind yeah there should be kind of like a social me like a like 421 00:38:06,302 --> 00:38:14,142 a social aspect uh to this because i don't know i spotify did it nobody ever thought that music 422 00:38:14,142 --> 00:38:20,782 streaming could become a social media platform and you know here we are everybody gets excited 423 00:38:20,782 --> 00:38:27,322 for spotify wrapped at the end of the year it is it started actually like as a as a social media 424 00:38:27,322 --> 00:38:32,542 app. I don't know if a lot of people know that, but Spotify at the beginning was an app where, 425 00:38:32,902 --> 00:38:38,922 sorry, it wasn't even an app. It was like just a thing that you downloaded onto your program, 426 00:38:39,262 --> 00:38:45,042 if you will, onto your computer. And you would make all of your playlists and like you would 427 00:38:45,042 --> 00:38:50,602 join. It was the first time ever that you could join with your friends and they could see your 428 00:38:50,602 --> 00:38:56,242 playlist and you could see their playlist and you could share the music and you can add it to your 429 00:38:56,242 --> 00:39:03,522 library. Like we take that stuff for granted now. Venmo is another really great example. Venmo made 430 00:39:03,522 --> 00:39:11,842 it so that exchanging money was a social media experience. Like, oh, my God, did you hear that? 431 00:39:11,842 --> 00:39:20,542 Michael Venmo'd Vanessa $50. Like, I wonder what that was for. There were like these emojis. Like, 432 00:39:20,582 --> 00:39:25,302 did they go on a date? Like, you know what I mean? Like you can make it a social media aspect. 433 00:39:25,302 --> 00:39:28,282 You're going to get these privacy people up in arms. 434 00:39:29,182 --> 00:39:31,582 Yeah, but here's the thing. 435 00:39:32,362 --> 00:39:35,022 Normies don't care about privacy. 436 00:39:36,062 --> 00:39:36,882 That's true. 437 00:39:36,882 --> 00:39:40,402 We all have iPhones, okay? 438 00:39:40,642 --> 00:39:45,082 They read our biometric data every five seconds of the day. 439 00:39:45,862 --> 00:39:48,262 Normal people don't care about privacy. 440 00:39:48,622 --> 00:39:49,902 And it's cool if you do. 441 00:39:50,022 --> 00:39:50,842 And I think you should. 442 00:39:50,922 --> 00:39:52,822 I think you should for what it's worth. 443 00:39:52,822 --> 00:40:00,002 but you want people to like care about this stuff and adopt it you kind of got to get to like their 444 00:40:00,002 --> 00:40:06,382 most animalistic incentives and and i think that this would be a really cool way to do it yeah 445 00:40:06,382 --> 00:40:11,542 that's true you have to get people if you're watching this if you're watching this you don't 446 00:40:11,542 --> 00:40:16,742 have to give me credit just you know get people to adopt bitcoin that's all that matters to me 447 00:40:16,742 --> 00:40:22,222 i've got i've got one more idea for for uh square because they could gamify it so they could keep 448 00:40:22,222 --> 00:40:27,362 it a lot more private where they say, hey, you stacked X number of sats this year compared to 449 00:40:27,362 --> 00:40:32,862 other coffee shops, compared to other restaurants, compared to other barbershops. You're in the top 450 00:40:32,862 --> 00:40:41,622 10 percentile. Exactly. Yeah, make it a challenge. Spotify, by the way, does do that. Spotify does 451 00:40:41,622 --> 00:40:47,842 gamify. They're like, you're in the top 0.1 percent that listens to Lana Del Rey. And I'm 452 00:40:47,842 --> 00:40:54,602 just like, yes, yes, I am. I love it. All righty, guys. I think that's a good place to wrap. But 453 00:40:54,602 --> 00:40:59,662 anyway, I hope what people took away from this chat is we are bullish. Sentiment is bad right 454 00:40:59,662 --> 00:41:04,962 now. But for people who are continuing to educate themselves, learning, growing their conviction, 455 00:41:04,962 --> 00:41:09,782 there is so much to be excited about. The future is bright, even if they're going to be some dark 456 00:41:09,782 --> 00:41:15,342 spots ahead. And it's very much to Bitcoin that we can we can thank for that. So Sophie, why don't 457 00:41:15,342 --> 00:41:19,882 to tell people where they can find you. Give a handoff to anyone who's listening. For sure. You 458 00:41:19,882 --> 00:41:27,242 guys can follow me on the Simply Bitcoin YouTube channel and on X at Internet Sophie. Perfect. Guys, 459 00:41:27,322 --> 00:41:30,982 thank you so much for taking the time. Sophie, appreciate you joining. Tony, great chatting as 460 00:41:30,982 --> 00:41:36,782 always. We will be back again soon. Absolutely. Thanks, guys. Cheers. Hey there. Thank you for 461 00:41:36,782 --> 00:41:40,682 tuning into Bitcoin Banter. Wanted to take a quick minute to remind you to head on over to 462 00:41:40,682 --> 00:41:46,182 thebitcoinway.com slash podcast to schedule a free 30-minute consultation with a member of our team. 463 00:41:46,382 --> 00:41:51,322 It is critical that you take full control of your wealth and we can equip you with the skills needed 464 00:41:51,322 --> 00:41:57,022 to take 100% self-custody of your Bitcoin. For our existing clients, we also offer our Bitcoin 465 00:41:57,022 --> 00:42:01,642 bootcamp where we will conduct quarterly calls with you to reinforce the training we've provided 466 00:42:01,642 --> 00:42:06,642 and fill any gaps in your knowledge. While you're at it, ask about our solo mining service, 467 00:42:06,642 --> 00:42:11,282 something we think everybody should be doing. 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If you are enjoying the show, please do me a favor, subscribe to our 475 00:42:47,202 --> 00:42:52,342 channel wherever you listen, give us a five-star review and drop us a comment. We would really 476 00:42:52,342 --> 00:42:57,042 appreciate it and it makes it easier for others to begin finding us as we preach the gospel of 477 00:42:57,042 --> 00:43:02,402 financial self-sovereignty and beyond. Thank you again for listening. Until next time, stay safe, 478 00:43:02,882 --> 00:43:06,462 stay sovereign, and remember the yield on Bitcoin is freedom. 479 00:43:06,582 --> 00:43:36,562 Thank you.