1
00:00:00,000 --> 00:00:04,100
This is the reason most people don't understand Bitcoin and why a lot of them lose money on it.

2
00:00:04,100 --> 00:00:09,820
It's because they listen to these, you know, misinformed donkeys that are pushing a narrative rather than the truth.

3
00:00:10,520 --> 00:00:12,860
This is the system reset. Like, it is happening.

4
00:00:13,040 --> 00:00:17,740
It's not like one day you wake up and they decided to flip the switch on the system reset.

5
00:00:17,940 --> 00:00:20,080
Like, I think it's a series of many events.

6
00:00:20,420 --> 00:00:25,760
I also wonder if this is why we're seeing some rumors of compromise on the Clarity Act.

7
00:00:25,920 --> 00:00:29,320
I think that both sides know that they have to do something.

8
00:00:29,320 --> 00:00:31,160
They have to keep printing money.

9
00:00:31,900 --> 00:00:34,560
Imagine accepting to be extorted like this.

10
00:00:34,620 --> 00:00:35,820
Like, what does that say about you?

11
00:00:36,140 --> 00:00:39,300
Bitcoin and self-custody, folks, it's the only play available.

12
00:00:39,460 --> 00:00:41,100
There is no other workaround.

13
00:00:41,500 --> 00:00:45,920
You either learn this the hard way or you try to figure it out when you're homeless.

14
00:00:51,520 --> 00:00:54,520
Hey, everyone, welcome to another episode of Bitcoin Banter.

15
00:00:54,620 --> 00:00:56,100
I have Greer and Tony with me.

16
00:00:56,340 --> 00:00:58,900
Gents, up first, my man, Larry.

17
00:00:58,900 --> 00:01:01,180
Let's watch this video of Larry Lippard.

18
00:01:01,560 --> 00:01:02,500
Greer, what's the guy?

19
00:01:02,600 --> 00:01:04,240
What's the Bloomberg analyst's name?

20
00:01:04,540 --> 00:01:05,440
Mike McGlone.

21
00:01:06,140 --> 00:01:06,880
McGlone, yeah.

22
00:01:07,000 --> 00:01:07,120
Here it comes.

23
00:01:07,800 --> 00:01:08,360
This is good.

24
00:01:08,940 --> 00:01:11,740
Yeah, and it's done this seven times before where it had a decline.

25
00:01:12,820 --> 00:01:13,460
What's that?

26
00:01:14,580 --> 00:01:15,060
ETFs.

27
00:01:15,180 --> 00:01:17,460
Yeah, ETF growth may be slower right now.

28
00:01:17,700 --> 00:01:18,220
ETFs.

29
00:01:18,660 --> 00:01:20,320
Mass pile in and then get me out.

30
00:01:20,980 --> 00:01:23,260
Yeah, but it was the fastest growing.

31
00:01:23,340 --> 00:01:24,520
No, it's March the Peak.

32
00:01:24,640 --> 00:01:26,060
This is things we predicted five years ago.

33
00:01:26,060 --> 00:01:26,700
Let me finish March the Peak.

34
00:01:26,700 --> 00:01:28,980
going mainstream, best practice in history,

35
00:01:29,680 --> 00:01:30,700
retail, Joe Schmoe

36
00:01:30,700 --> 00:01:31,220
jumping aboard.

37
00:01:33,340 --> 00:01:34,020
There you are.

38
00:01:34,460 --> 00:01:36,340
I'm fucking done with you, man. I really am.

39
00:01:36,600 --> 00:01:37,900
You won't even let me finish my comment.

40
00:01:38,700 --> 00:01:40,640
Fuck you. I mean, fuck

41
00:01:40,640 --> 00:01:41,520
you, man. Seriously.

42
00:01:43,340 --> 00:01:44,340
Now I got to moderate.

43
00:01:44,880 --> 00:01:46,580
We have another topic that I wanted

44
00:01:46,580 --> 00:01:47,220
to discuss

45
00:01:47,220 --> 00:01:50,760
that I think we can all agree on, and

46
00:01:50,760 --> 00:01:52,800
we'll all be saying FUs, too,

47
00:01:52,800 --> 00:01:53,740
which is the...

48
00:01:53,740 --> 00:01:56,160
Larry, you're out of here. All right.

49
00:01:56,160 --> 00:01:57,760
No problem. Appreciate you.

50
00:01:58,420 --> 00:02:01,200
So Larry just gets up and leave.

51
00:02:01,400 --> 00:02:08,460
He's had enough of these fiat bros dunking on Bitcoin, interrupting all the FUD.

52
00:02:09,140 --> 00:02:12,180
Tony, what's your take on Mr. Larry Lepard?

53
00:02:12,760 --> 00:02:14,940
Absolute savage, man. I would have done the same.

54
00:02:15,080 --> 00:02:19,980
I probably would have told them off a little longer, but I would have exited the same way.

55
00:02:20,400 --> 00:02:24,120
The problem, like these dorks, stratify idiots that are out there.

56
00:02:24,120 --> 00:02:28,720
This is the reason most people don't understand Bitcoin and why a lot of them lose money on it.

57
00:02:29,040 --> 00:02:35,060
It's because they listen to these misinformed donkeys that are pushing a narrative rather than the truth.

58
00:02:35,660 --> 00:02:37,200
Bitcoin is not an asset.

59
00:02:37,560 --> 00:02:38,760
It doesn't belong in an ETF.

60
00:02:39,240 --> 00:02:41,140
When you're buying an ETF, you're not buying Bitcoin.

61
00:02:41,280 --> 00:02:46,920
You're buying an IOU, the same rubbish that you should be looking forward to exit.

62
00:02:47,620 --> 00:02:53,000
But as long as people think these clowns are credible sources, reputable sources,

63
00:02:53,000 --> 00:02:57,120
well of course they're going to be doing the wrong thing over and over again and then complaining

64
00:02:57,120 --> 00:03:02,800
why nothing really changes so uh the fact that larry got fed up with him and told them off

65
00:03:02,800 --> 00:03:08,180
you know good good on him man no one should be listening to these clowns like the attention

66
00:03:08,180 --> 00:03:15,120
should be the farthest thing away from anything trad fi talking about bitcoin yeah larry's feisty

67
00:03:15,120 --> 00:03:21,460
but he's an awesome patient guy and i my my suspicion is he's just reached this point he's

68
00:03:21,460 --> 00:03:25,820
heard this so many times that he's just done. It's like the Peter Shifts of the world who have

69
00:03:25,820 --> 00:03:32,600
led so many people astray or at least delayed their entrance into Bitcoin and so much wealth

70
00:03:32,600 --> 00:03:37,760
lost for so many people, in my opinion. Greer, what's your take? Yeah, the people who hate Bitcoin

71
00:03:37,760 --> 00:03:43,940
the most are the ones who sold it too early and don't want to buy back in or they saw it and just

72
00:03:43,940 --> 00:03:49,700
ignored it. You know, now they're dealing with the fallout from their poor decisions, which,

73
00:03:49,700 --> 00:03:53,620
you know, I can understand that. But to me, this is like if you wrestle a pig,

74
00:03:53,960 --> 00:03:58,960
you know, you're both going to get muddy and the pig likes it. Like the worst thing is arguing with

75
00:03:58,960 --> 00:04:03,600
someone who's so intractable when it comes to Bitcoin that they're not even open to honest

76
00:04:03,600 --> 00:04:09,180
arguments. And I think Mike has said that Bitcoin should be around 10K. And I'm sorry, we're not

77
00:04:09,180 --> 00:04:14,740
going to 10K. The writing is on the wall. Yes, Bitcoin is below all time highs, but that's

78
00:04:14,740 --> 00:04:20,220
nothing new. Bitcoin dumps, it dumps 50%. And those are the times when you want to allocate

79
00:04:20,220 --> 00:04:27,400
more resources to it. So I, you know, I, I think, uh, Larry probably, uh, you know, he resorted to

80
00:04:27,400 --> 00:04:31,780
the one thing he had left, which is the big F you, but it looked like it was called for in this

81
00:04:31,780 --> 00:04:38,560
instance. Yeah. In fairness, I really, I hope we dump to a 10 K buy some more cheap sats. I hope

82
00:04:38,560 --> 00:04:43,640
that happens like the day of payday for me. You never know. Yeah. You never know, but I suspect

83
00:04:43,640 --> 00:04:48,840
you're probably right, Greer. All righty. We talked about the Netherlands unrealized capital

84
00:04:48,840 --> 00:04:54,320
gains tax last week. And in addition, they're introducing an exit tax. So basically, if you're

85
00:04:54,320 --> 00:04:59,880
a wealthier asset owner, productive member of society, and you say, hey, I don't want you to

86
00:04:59,880 --> 00:05:04,980
steal a third of my wealth. Well, we're going to tax you. It looks like it's coming for five years

87
00:05:04,980 --> 00:05:11,740
after leaving the country expected. It says expected 2025. So I think this was actually

88
00:05:11,740 --> 00:05:17,340
The announcement was made probably in anticipation of the unrealized capital gains taxes.

89
00:05:17,460 --> 00:05:19,840
These things all take a while, obviously, to play out.

90
00:05:20,740 --> 00:05:21,740
Greer, go figure.

91
00:05:22,180 --> 00:05:23,380
What's your take on this?

92
00:05:23,560 --> 00:05:27,120
Yeah, it looks like you've got until 2028 for this to take effect.

93
00:05:27,520 --> 00:05:33,240
And I mean, we saw an article about the finance minister who lied on her resume, who was the

94
00:05:33,240 --> 00:05:35,900
one that was going to implement or oversee this tax.

95
00:05:36,420 --> 00:05:39,480
So I think the whole thing is really up in the air at the moment.

96
00:05:39,480 --> 00:05:42,000
But they need your revenue.

97
00:05:42,300 --> 00:05:43,320
They need your income.

98
00:05:43,620 --> 00:05:47,000
They have to pay for housing, for illegal immigration in their country.

99
00:05:47,540 --> 00:05:48,740
And this is the way to do it.

100
00:05:48,820 --> 00:05:50,560
It's to fleece the people.

101
00:05:50,980 --> 00:05:52,740
So, you know, this is theft.

102
00:05:53,520 --> 00:05:57,320
And, you know, going after them after they leave is punitive.

103
00:05:57,620 --> 00:05:58,700
This is immoral.

104
00:05:59,040 --> 00:06:01,800
And, you know, I feel for anybody who's caught up in this situation.

105
00:06:01,980 --> 00:06:03,100
It shouldn't happen in the West.

106
00:06:03,780 --> 00:06:06,400
You know, this type of thing happens in California already.

107
00:06:07,280 --> 00:06:09,460
So yeah, just absolute nightmare scenario.

108
00:06:09,780 --> 00:06:15,080
It makes you wonder, where can I put my money and where can I live where I can be more free?

109
00:06:15,340 --> 00:06:18,640
I think that's the next step in anyone's journey who's on this.

110
00:06:19,000 --> 00:06:23,920
What's amazing to me is that there are people who believe that because they wrote this down

111
00:06:23,920 --> 00:06:28,980
on a piece of paper, they have some sort of authority over you once you leave.

112
00:06:29,480 --> 00:06:32,120
I mean, to me, that's just mind boggling at this point on my journey.

113
00:06:32,640 --> 00:06:36,600
Tony, what is the solution to this forced theft?

114
00:06:37,200 --> 00:06:38,920
Man, the more we read about these stories,

115
00:06:39,040 --> 00:06:41,660
I'm hoping at least more folks will finally understand

116
00:06:41,660 --> 00:06:43,020
that they have no governments,

117
00:06:43,180 --> 00:06:45,280
that you're dealing with criminal organizations

118
00:06:45,280 --> 00:06:49,560
that are full-out extorting funds from you.

119
00:06:49,940 --> 00:06:51,620
This is essentially the exit tax.

120
00:06:51,700 --> 00:06:53,040
I see it as a form of kidnapping

121
00:06:53,040 --> 00:06:56,380
because they keep you locked into a system

122
00:06:56,380 --> 00:06:57,880
that you want no part of,

123
00:06:57,880 --> 00:07:01,360
and its only objective is to fleece you.

124
00:07:01,360 --> 00:07:05,980
so that you are essentially like a cash cow for these parasites,

125
00:07:06,300 --> 00:07:08,880
which contribute absolutely nothing to society

126
00:07:08,880 --> 00:07:12,980
other than play God over your life.

127
00:07:13,640 --> 00:07:17,540
So anyone with half a brain and the means to protect themselves,

128
00:07:17,760 --> 00:07:21,480
they should absolutely be scrambling to do so.

129
00:07:22,160 --> 00:07:24,700
And those who are okay with this,

130
00:07:24,700 --> 00:07:28,600
well, I mean, that speaks volumes, first of all, to their own character.

131
00:07:28,600 --> 00:07:39,600
And as far as I'm concerned, then they will lose the right to complain about anything that comes after something like this, if it ever manifests into law.

132
00:07:39,600 --> 00:07:54,846
Imagine accepting to be extorted like this What does that say about you So Bitcoin in self folks it the only play available There is no other workaround You either learn this the hard way

133
00:07:54,846 --> 00:07:57,606
or you try to figure it out when you're homeless.

134
00:07:58,926 --> 00:08:03,186
You're right. And we're actually going to be talking about this. We've got a live stream

135
00:08:03,186 --> 00:08:08,006
we're doing next week with our friend Adam Hudson from Unemployable Media. And he's going to talk

136
00:08:08,006 --> 00:08:12,946
about how he was able to leave Australia, not identical, but similar circumstances.

137
00:08:12,946 --> 00:08:15,926
and why the plan B has been so important

138
00:08:15,926 --> 00:08:18,006
and why Bitcoin in self-custody

139
00:08:18,006 --> 00:08:19,826
is the only way that you can move your wealth.

140
00:08:19,966 --> 00:08:20,966
If you've got it in real estate,

141
00:08:21,066 --> 00:08:23,106
if you're tied up in legacy financial assets,

142
00:08:23,706 --> 00:08:24,426
I mean, you're screwed

143
00:08:24,426 --> 00:08:26,566
because they can forcibly tax you then.

144
00:08:26,666 --> 00:08:28,426
They can't force you once you get out of there.

145
00:08:28,806 --> 00:08:31,186
So the Netherlands to me

146
00:08:31,186 --> 00:08:33,466
is just creating the most compelling case

147
00:08:33,466 --> 00:08:35,506
for Bitcoin in self-custody,

148
00:08:35,586 --> 00:08:36,346
being your own bank,

149
00:08:36,446 --> 00:08:37,726
everything that we've been preaching

150
00:08:37,726 --> 00:08:39,266
for quite some time.

151
00:08:40,166 --> 00:08:42,406
All righty, up next, we have Jason Lowery.

152
00:08:42,406 --> 00:08:52,986
So he says, AI agents independently discovering that Bitcoin gives them cyber sovereignty and then starting a bidding war with humanity over the only remaining Bitcoin available is not priced in.

153
00:08:53,086 --> 00:09:01,326
So, Tony, not only are you going to have your infinite number of AI bot girlfriends, but they're also going to be toxic Bitcoin maxis.

154
00:09:01,446 --> 00:09:03,126
Like, can you ask for anything more?

155
00:09:03,446 --> 00:09:04,346
What do you think?

156
00:09:04,706 --> 00:09:10,526
And if you if you thought merchant adoption of Bitcoin was bullish, this is on a whole different level.

157
00:09:10,526 --> 00:09:17,366
You've got super intelligence, fully automated systems here that are using incorruptible and

158
00:09:17,366 --> 00:09:19,646
unconfiscatable money to transact.

159
00:09:20,346 --> 00:09:22,166
What this unlocks as potential?

160
00:09:22,846 --> 00:09:24,046
I don't know, man.

161
00:09:24,106 --> 00:09:30,746
There's no vocabulary word that can properly describe how insanely revolutionary this is

162
00:09:30,746 --> 00:09:38,586
and how you are nowhere near being bullish enough on the result of a world with these

163
00:09:38,586 --> 00:09:40,266
guys running around and doing this stuff.

164
00:09:40,526 --> 00:09:45,246
Bitcoin is the future of money. That's something I was sure of, you know, when I landed on Bitcoin

165
00:09:45,246 --> 00:09:51,866
five years ago. But to see it unfolds in such a powerful way like this, that was not on my bingo

166
00:09:51,866 --> 00:09:57,926
card, but I'm definitely excited that it's coming. So, Gru, I don't want to throw you off of any

167
00:09:57,926 --> 00:10:03,646
comment you already had, but what I'm curious about is the mechanism by which the AI agents

168
00:10:03,646 --> 00:10:09,346
accumulate the Bitcoin. Is the thesis that in some way they're being funded with fiat,

169
00:10:09,346 --> 00:10:13,926
which is the typical way that people accumulate Bitcoin now, they exchange their fiat for Bitcoin?

170
00:10:14,446 --> 00:10:21,246
Or is it that these AI agents are going to be of the intelligence to produce value work for,

171
00:10:21,626 --> 00:10:26,146
you know, independently for other people and be paid in Bitcoin? And that's how they

172
00:10:26,146 --> 00:10:32,166
effectively drive up the prices through demand side adoption. Do you have a comment on that?

173
00:10:32,286 --> 00:10:37,066
And then yeah, sure. Yeah, I think it's good to think through this. So if you know,

174
00:10:37,066 --> 00:10:43,526
Brom Canstein, he put together a tool where you can fund your AI agent with a Bitcoin wallet.

175
00:10:44,106 --> 00:10:49,086
You know the private keys, but you give your agent control over the wallet and it can perform

176
00:10:49,086 --> 00:10:55,646
tasks for other AIs. But I think that the opportunity here is, you know, develop something

177
00:10:55,646 --> 00:11:01,846
using AI, a service to other AIs. And if you have Bitcoin, you know, this could be a great way

178
00:11:01,846 --> 00:11:08,166
to earn marginal sats being a broker between these agents. So yeah, there is a person on the other

179
00:11:08,166 --> 00:11:13,646
end of this who controls the Bitcoin, I think, at least in these early stages. But the fearful

180
00:11:13,646 --> 00:11:19,906
thing is if you as an individual have less Bitcoin than the AIs, you know, the old saying,

181
00:11:19,906 --> 00:11:24,506
he who has the gold makes the rules. Well, I think the same will be true in the digital age

182
00:11:24,506 --> 00:11:29,826
that we're entering. You know, he who has the Bitcoin makes the rules. So I would say this is

183
00:11:29,826 --> 00:11:35,666
something we should all be looking into. How can we provide value in a digital economy using AI

184
00:11:35,666 --> 00:11:42,226
agents that have custody Bitcoin that you've provided them? The opportunity here is endless.

185
00:11:42,766 --> 00:11:49,326
I think that we'll see a ton of innovation. And yeah, I mean, AIs eventually, you know,

186
00:11:49,326 --> 00:11:54,226
we'll figure it out and they will demand only Bitcoin because it's the only thing that's open

187
00:11:54,226 --> 00:12:00,866
source that is immutable and there is no company holding them back like what you'd find with crypto

188
00:12:00,866 --> 00:12:06,506
or stable coins so i think you know we're we're at the early stages obviously but this is going to

189
00:12:06,506 --> 00:12:12,866
be exponential towards bitcoin's growth and adoption yeah only two guarantees in my mind

190
00:12:12,866 --> 00:12:18,906
first of all the future is going to be crazy and number two by the year 2028 i intend to join an

191
00:12:18,906 --> 00:12:26,066
community. So that's, uh, that's my game. Not a bad plan. Alrighty. We've got, uh, Ray Dalio.

192
00:12:26,166 --> 00:12:30,026
He's been talking about this for a long time, but he has some, you know, new videos, new quotes that

193
00:12:30,026 --> 00:12:36,046
have come about. He says, uh, he issues a stark warning amid global system reset. He says, sell

194
00:12:36,046 --> 00:12:42,566
that assets and buy gold, uh, the world order as we knew it is gone. And we are heading into very,

195
00:12:42,566 --> 00:12:49,826
very dark times i think we can all agree on maybe two of the three uh but tony uh we're heading into

196
00:12:49,826 --> 00:12:56,826
this new world of ai and everything's going to be digital and his advice is you should buy a rock

197
00:12:56,826 --> 00:13:03,346
uh how would how would you maybe modify his statements here man i agree with everything

198
00:13:03,346 --> 00:13:08,006
except for that one line but i have a feeling you know it's just because i don't know man maybe old

199
00:13:08,006 --> 00:13:12,226
age maybe maybe something else but you know holding on to relics in the digital world

200
00:13:12,226 --> 00:13:14,326
is absolutely not the way to go.

201
00:13:14,626 --> 00:13:16,826
I mean, these precious metals, you know,

202
00:13:16,866 --> 00:13:18,326
will be reduced to just that.

203
00:13:18,846 --> 00:13:20,386
Maybe a limited utility value.

204
00:13:20,586 --> 00:13:22,066
I don't think they go to zero,

205
00:13:22,286 --> 00:13:24,986
but, you know, they'll have very limited use

206
00:13:24,986 --> 00:13:26,886
in a world where super intelligence

207
00:13:26,886 --> 00:13:28,426
now is transacting with Bitcoin

208
00:13:28,426 --> 00:13:30,966
and, you know, folks are starting to understand

209
00:13:30,966 --> 00:13:31,846
that this is money

210
00:13:31,846 --> 00:13:33,846
and that that's how they should be treating it,

211
00:13:33,906 --> 00:13:35,106
saving in it and what have you.

212
00:13:35,666 --> 00:13:37,186
Nobody's going back to a typewriter

213
00:13:37,186 --> 00:13:38,606
or a fax machine, right?

214
00:13:38,686 --> 00:13:39,946
I mean, whether you like it or not,

215
00:13:39,986 --> 00:13:41,386
this is the world that we're headed into

216
00:13:41,386 --> 00:13:46,846
and people should be excited about this because for the first time ever they have an option to be

217
00:13:46,846 --> 00:13:52,726
in full control of their lives something that gold or you know any other system prior to bitcoin

218
00:13:52,726 --> 00:13:59,446
never provided so i'm very bullish on this this to me this is an extremely brutal signal even though

219
00:13:59,446 --> 00:14:05,406
there may be dark times ahead for those that are unprepared unfortunately you know that's just how

220
00:14:05,406 --> 00:14:11,966
things play out but i don't know man i hope less less people get hurt by this but i just don't see

221
00:14:11,966 --> 00:14:19,506
how it's avoided yeah clearly ray has not accounted for ai agents uh competing with

222
00:14:19,506 --> 00:14:23,466
humanity for all of the bitcoin otherwise i think he would be recommending something else

223
00:14:23,466 --> 00:14:31,086
greer yeah gold is old i'm sorry and i think it is the transition between the fiat world

224
00:14:31,086 --> 00:14:35,966
and as Ray outlined, the old order and the new future.

225
00:14:36,306 --> 00:14:37,666
And the new future is digital.

226
00:14:37,786 --> 00:14:39,106
There's just no way around it.

227
00:14:39,466 --> 00:14:41,086
And gold requires trust.

228
00:14:41,386 --> 00:14:43,126
That is the biggest problem with gold

229
00:14:43,126 --> 00:14:45,086
besides the fact that it's heavy, hard to move,

230
00:14:45,186 --> 00:14:47,686
requires physical security to protect it.

231
00:14:48,226 --> 00:14:52,026
You need to trust someone that the gold is in fact real.

232
00:14:52,386 --> 00:14:54,526
And the only way to do that is to melt it down.

233
00:14:55,266 --> 00:14:58,206
So I think the systemic problem with gold

234
00:14:58,206 --> 00:15:00,566
is that it doesn't fit into the future.

235
00:15:01,086 --> 00:15:04,086
Bitcoin does, and it is so much better than gold.

236
00:15:04,566 --> 00:15:08,426
You know, to raise credit, I think he has 1% of his wealth in Bitcoin.

237
00:15:08,766 --> 00:15:12,566
If he studied Bitcoin more, I think that number would be quite a bit higher.

238
00:15:13,046 --> 00:15:18,726
But, you know, I think he's right about the new world order emerging and the old order

239
00:15:18,726 --> 00:15:19,726
ending.

240
00:15:20,406 --> 00:15:21,186
That's clear.

241
00:15:21,346 --> 00:15:22,246
Everybody knows it.

242
00:15:22,306 --> 00:15:24,306
I don't really think there's a lot of news here.

243
00:15:24,306 --> 00:15:27,126
You know, we see this happening in real time.

244
00:15:27,126 --> 00:15:42,091
And for you the individual it just a question of do you want what old and what worked in the past or do you want something that emerging where you have an asymmetric opportunity to benefit the sooner you adopt it To me that is the question

245
00:15:42,691 --> 00:15:50,851
I think I raised this point on a recent banter. I was talking to someone somewhere and we hear

246
00:15:50,851 --> 00:15:54,091
about these, you know, like these system resets and everyone's like, well, when's it going to

247
00:15:54,091 --> 00:15:57,471
happen? Like, when's the big print going to happen? When's the system reset going to happen? And I'm

248
00:15:57,471 --> 00:16:03,971
like the Netherlands is confiscating a third of your wealth, right? Like every year they're taking

249
00:16:03,971 --> 00:16:09,051
a third of your, like, this is the system reset. Like it is happening. It's not like one day you

250
00:16:09,051 --> 00:16:14,171
wake up and like they decided to flip the switch on the system reset. Like, I think it's a series

251
00:16:14,171 --> 00:16:20,072
of many events that unfolds over months. At this point, I would say several years, because I think

252
00:16:20,072 --> 00:16:25,531
it's been happening. And, uh, one day you wake up and you realize, oh, I live in a very different

253
00:16:25,531 --> 00:16:31,711
world than i lived in you know five years ago and my purchasing power is just it doesn't get me to

254
00:16:31,711 --> 00:16:35,931
the end of the week to the end of the month yeah and by the time you reach that point bitcoin will

255
00:16:35,931 --> 00:16:41,411
be unaffordable to you absolutely and it's not necessarily anything sophisticated that has to

256
00:16:41,411 --> 00:16:47,311
take place for the system to fall apart it's just that most normies first of all are unaware that

257
00:16:47,311 --> 00:16:52,791
these things are going on um and until their turn comes you know they're not going to believe it

258
00:16:52,791 --> 00:17:04,032
This is, you know, this is the harsh reality that I don't like, is that those who need to heed and prepare aren't even listening to this type of information.

259
00:17:04,151 --> 00:17:05,032
Like, they have no idea.

260
00:17:05,331 --> 00:17:12,272
They're going to wake up one day in the same way I did with, you know, like a Thor hammer on their life and everything is gone or confiscated.

261
00:17:12,772 --> 00:17:14,591
So the red flags are everywhere.

262
00:17:14,591 --> 00:17:28,871
You know, when you start seeing, you know, digital IDs for a search engine, when you start reading about, you know, unrealized capitals, gain stacks, when you start just these horror stories, you hear about them abroad, you assume they're not coming home.

263
00:17:29,272 --> 00:17:35,671
But I can assure you that they're coming everywhere because that's the only way the legacy system tries to survive.

264
00:17:36,351 --> 00:17:39,871
And so if you don't protect yourself, no one's going to give a shit about you.

265
00:17:39,951 --> 00:17:41,211
You go down too bad.

266
00:17:41,532 --> 00:17:42,792
That's going to be the end game.

267
00:17:42,792 --> 00:17:45,292
And I know this because that was my experience.

268
00:17:45,651 --> 00:17:47,091
Nobody was there when I needed help.

269
00:17:47,471 --> 00:17:51,231
So unless you help yourself, you're on your own, my friend.

270
00:17:52,512 --> 00:17:53,311
Well said.

271
00:17:53,571 --> 00:17:57,651
Well, if I could direct everyone's attention to Exhibit A to further make the case that

272
00:17:57,651 --> 00:18:03,552
I was trying to make, the U.S. national debt is set to surge by $2.4 trillion per year

273
00:18:03,552 --> 00:18:06,471
over the next 10 years, according to CBO estimates.

274
00:18:06,811 --> 00:18:10,571
Now, the CBO is always wrong about everything that they've ever put out.

275
00:18:10,571 --> 00:18:13,631
However, this is probably a conservative estimate.

276
00:18:13,831 --> 00:18:18,151
They tend to downplay the mayhem that's most likely.

277
00:18:18,752 --> 00:18:25,731
It says, as a result, U.S. debt will likely reach a record $64 trillion in 2036, doubling

278
00:18:25,731 --> 00:18:27,772
from 2023 levels.

279
00:18:28,492 --> 00:18:31,851
So this would be triple the debt record in 2018 before the pandemic.

280
00:18:32,131 --> 00:18:36,752
I mean, these are wild, unfathomable numbers for the human mind to comprehend.

281
00:18:36,752 --> 00:18:43,191
And suffice it to say, in my view, the big print is going to have to happen along the way.

282
00:18:43,391 --> 00:18:48,651
It's not this one-time thing because that's the only option, I think, at this point.

283
00:18:48,651 --> 00:18:51,191
And more people are going to opt out of the dollar system.

284
00:18:51,851 --> 00:18:54,532
We're going to see, you know, de-dollarization globally.

285
00:18:54,711 --> 00:18:58,351
We're going to see more people opt into Bitcoin as they learn and understand what it is.

286
00:18:58,871 --> 00:19:03,471
But, Tony, I sent you this article and all you sent back was a laughing emoji.

287
00:19:03,631 --> 00:19:06,552
So I'd like to hear what your thought was.

288
00:19:06,752 --> 00:19:26,911
This is the best ad for Bitcoin. What better news can you possibly read to incentivize you to opt out? The US has been bankrupt for a very long time. Whether it's $38 trillion or $64 trillion, who cares? It's laughable at this point. Your money is already worth nothing.

289
00:19:26,911 --> 00:19:33,451
So just adding more zeros to make a headline is a waste of time.

290
00:19:34,211 --> 00:19:48,131
If you were to confiscate every American citizen's bank accounts and their assets and everything they can possibly own, you still wouldn't come within 1% of paying anything off.

291
00:19:49,071 --> 00:19:51,532
That's how bankrupt you are as a country.

292
00:19:51,851 --> 00:19:53,752
And that's the world reserve currency.

293
00:19:53,752 --> 00:20:02,312
so what's the point of all of this right it's just that people complain and what they do is

294
00:20:02,312 --> 00:20:09,571
that they shrink their lives into their new shitty reality instead of seeking for solutions

295
00:20:09,571 --> 00:20:15,951
to improve their realities this is the majority of the npcs out there unfortunately sadly

296
00:20:15,951 --> 00:20:23,012
yeah but just yeah tony you're right hit fast forward start living in the future today

297
00:20:23,012 --> 00:20:27,812
buy bitcoin take self-custody i mean that's where we're headed i think the point you're making here

298
00:20:27,812 --> 00:20:32,151
is otherwise you're just playing this game like you're watching this and you're just falling

299
00:20:32,151 --> 00:20:37,772
victim to the thing that you know is coming you're wasting time and you are guaranteeing your demise

300
00:20:37,772 --> 00:20:45,131
100 yeah absolutely uh greer so they're tightening the shackles on our us and our children

301
00:20:45,131 --> 00:20:50,671
uh what's your response to all of this yeah i think the the estimates go up i don't think two

302
00:20:50,671 --> 00:20:55,012
four point four trillion a year is is going to be correct i think it's going to be a lot higher than

303
00:20:55,012 --> 00:21:01,252
that i also wonder if this is why we're seeing some rumors of compromise on the clarity act

304
00:21:01,252 --> 00:21:06,911
i think that both sides know that they have to do something they have to keep printing money

305
00:21:06,911 --> 00:21:12,131
and that will give them a way to do it and to be able to offload our debt onto other people

306
00:21:12,131 --> 00:21:34,052
You know, the dollar is a Ponzi scheme, you know, that who owes the 34 trillion where we are today or 38 trillion, you know, who gets that money if it's paid back? It's foreign countries, it's central banks, and a lot of it is tied up in U.S. pensions. So, you know, we're going to get a haircut. Somebody's going to get hurt by this in a big way.

307
00:21:34,052 --> 00:21:40,512
the only way I think you can protect yourself is to take your money out of the system. If you don't

308
00:21:40,512 --> 00:21:46,292
have any dollars, then it doesn't matter. You can go into Bitcoin and just wait. I think also this

309
00:21:46,292 --> 00:21:51,391
is a perfect time to get into Bitcoin. We know it's going to go up again. Maybe it will be farther

310
00:21:51,391 --> 00:21:57,471
in the future than we want, but you have a chance to secure your stack. So to me, that is the only

311
00:21:57,471 --> 00:22:02,032
thing that you should be thinking about. How can I get more Bitcoin than I had yesterday? You know,

312
00:22:02,032 --> 00:22:06,971
this house of cards is going to collapse and you don't want to be sitting inside of it when it does.

313
00:22:08,012 --> 00:22:13,391
Prudent advice. Alrighty. We've got from Cointelegraph. This is the first year in history.

314
00:22:13,552 --> 00:22:17,351
And by the way, we're halfway through February, but first year in history where Bitcoin has seen

315
00:22:17,351 --> 00:22:24,891
a red January and February. Greer, do you care if we have two back to back red candles?

316
00:22:25,371 --> 00:22:30,891
I mean, I, of course I care to an extent. It doesn't make me fearful for, for Bitcoin's future.

317
00:22:30,891 --> 00:22:58,992
You know, I look at this as sale pricing. This is your chance. You should buy when Bitcoin's red and hold on to it when it's green. I think that that's as simple as it has to be. You don't have to do anything. All you have to do is enter at the right price, which I'll just say, honestly, I have been very good at buying the tops, very similar to Sailor. But, you know, after being in it for four or five years, it doesn't really matter if I bought it 55, you know, and I think that that will be true.

318
00:22:58,992 --> 00:23:04,812
It's like a fractal. Every two, four, 10 years, we're going to zoom out and people will be crying

319
00:23:04,812 --> 00:23:10,871
when we dip from 800,000 to 600,000. And they'll say Bitcoin's dead. But of course, if you've been

320
00:23:10,871 --> 00:23:16,331
holding since today, it won't affect you. And so I, you know, depending on where you are in your

321
00:23:16,331 --> 00:23:31,117
journey you you can just think this thing is going to get you rich overnight It takes time It takes education But I you know the red the two red months in a row I not a chart bro I don look at the lines You know all I see is a sales price

322
00:23:32,077 --> 00:23:33,177
Absolutely. Tony?

323
00:23:34,237 --> 00:23:46,037
Man, looking at these charts is why most people don't understand the thing and why most people keep losing money. Bitcoin is the money. You know, it's not a stock. Like, what kind of chart are you looking at? And for what reason?

324
00:23:46,037 --> 00:23:50,857
and as long as you keep believing that kool-aid the narratives that they feed you

325
00:23:50,857 --> 00:23:56,417
um and keep you keeping you distracted from you know the fact that it's a savings technology that

326
00:23:56,417 --> 00:24:01,197
you know significantly improves your purchasing power well you know you're always going to be

327
00:24:01,197 --> 00:24:05,797
anxious and depressed and upset whenever you see red on the screen the colors don't matter man

328
00:24:05,797 --> 00:24:12,757
when you start saving in bitcoin over time i'm not saying overnight over time um your purchasing

329
00:24:12,757 --> 00:24:18,117
power is going to go up. So it doesn't really matter what the macro and micro external factors

330
00:24:18,117 --> 00:24:24,297
are doing. It really doesn't matter because your situation is improving no matter what,

331
00:24:24,297 --> 00:24:30,337
because that entire system that, you know, the charts is pointing to is going to zero.

332
00:24:31,137 --> 00:24:36,237
And so as long as you keep fitting yourself on that failing chessboard, well, you're going to

333
00:24:36,237 --> 00:24:41,397
go to zero along with it, or you're going to force you to make irrational decisions that'll

334
00:24:41,397 --> 00:24:46,717
accelerate you going to zero or losing a significant amount of your funds. Step out,

335
00:24:47,157 --> 00:24:52,777
live in the future from now, which is what me and millions of others are doing. And no,

336
00:24:52,837 --> 00:24:55,957
you don't necessarily have to be an archie millionaire or billionaire to do it.

337
00:24:56,357 --> 00:25:02,137
When you have enough savings over time, you are comfortable. You're not buying Ferraris and

338
00:25:02,137 --> 00:25:08,697
Lambos every weekend. That's for sure. But you're also not struggling to put food on the table,

339
00:25:08,697 --> 00:25:13,877
to spend time with your loved ones, to go out with your friends, to experience true freedom.

340
00:25:14,577 --> 00:25:20,337
That's what Bitcoin is. And all the messaging out there is anything but that, because they want you

341
00:25:20,337 --> 00:25:30,097
stuck in a system of counterparty risk and dependency on the corrupt system that wants to

342
00:25:30,097 --> 00:25:37,837
just keep that chain over your neck. So ignore the charts, ignore the TA, ignore anything and

343
00:25:37,837 --> 00:25:43,017
everything that talks about Bitcoin other than freedom money. That's the only, the simplest way

344
00:25:43,017 --> 00:25:48,037
to win in Bitcoin. Absolutely. And just keep in mind too, when we show these charts, it's usually

345
00:25:48,037 --> 00:25:52,137
to tell people to stop worrying about the charts. It's just, we're acknowledging what the rest of

346
00:25:52,137 --> 00:25:58,677
the world is looking at and overly focused on. So there's that. Okay, guys, up last, we've got

347
00:25:58,677 --> 00:26:03,737
Steak and Shake says that their sales have risen dramatically since it started accepting Bitcoin

348
00:26:03,737 --> 00:26:09,057
as payment. And as we've talked about Bitcoin payments for Steak and Shake burgers go into

349
00:26:09,057 --> 00:26:14,797
their strategic Bitcoin reserve. I told you guys offline, I hadn't had Steak and Shake in like a

350
00:26:14,797 --> 00:26:20,817
decade. And this truly is the cheat code. If you're early, you're going to get so many Bitcoiners

351
00:26:20,817 --> 00:26:26,737
who come. I've been there 10 times in the last six or eight months. And one quick note, just

352
00:26:26,737 --> 00:26:32,817
fun fact for everyone, beef tallow is super nutrient dense. It also is very high in calories.

353
00:26:32,817 --> 00:26:37,117
So be careful, be safe out there, eat in moderation.

354
00:26:37,597 --> 00:26:43,537
Just saying, Greer, I'll let you take this one first as hopefully a fellow Steak and Shake patron.

355
00:26:44,037 --> 00:26:45,797
Oh, yeah, I love Steak and Shake.

356
00:26:46,237 --> 00:26:47,697
And I think it's great.

357
00:26:47,837 --> 00:26:48,497
They went to Tallow.

358
00:26:49,277 --> 00:26:50,697
And I think it's the signal.

359
00:26:51,077 --> 00:26:54,317
And I can't say exactly what their Bitcoin treasury is.

360
00:26:54,437 --> 00:26:58,037
I want to say I saw something like 500 million in Bitcoin.

361
00:26:58,277 --> 00:26:59,517
And I could be wrong about that.

362
00:26:59,517 --> 00:27:06,817
But I know that they have a good portion of Bitcoin already set aside and they've been doing this for like less than a year.

363
00:27:07,057 --> 00:27:14,957
I think the example is if you have a business, you should accept Bitcoin and then a portion of that should go into your treasury.

364
00:27:15,177 --> 00:27:16,837
Or in their case, they don't sell any Bitcoin.

365
00:27:16,957 --> 00:27:17,837
They just keep it all.

366
00:27:18,257 --> 00:27:23,077
So they have enough customers paying in dollars to be able to offset all of their costs.

367
00:27:23,757 --> 00:27:27,217
And, you know, this is the model that every business should be running on.

368
00:27:27,217 --> 00:27:33,397
provide a service and accept Bitcoin and save that Bitcoin for the future. I mean, you know,

369
00:27:33,497 --> 00:27:39,377
Steak and Shake is just, they're showing the way. And they're also giving bonuses to all of their

370
00:27:39,377 --> 00:27:47,237
employees. Like this is just such a fantastic American story. I hope more companies adopt it

371
00:27:47,237 --> 00:27:53,537
before it becomes the norm. You know, it's still early and you have a chance to be a market leader

372
00:27:53,537 --> 00:27:58,697
as they've shown. And if you want to, you can take it a step further and you can print paper

373
00:27:58,697 --> 00:28:03,557
Bitcoin in the form of perpetual preferred stocks. So there's always that option too.

374
00:28:04,437 --> 00:28:08,937
You don't have to stop with just taking self-custody and having your own treasury. You

375
00:28:08,937 --> 00:28:15,557
can go try to get other people in on the scam if you want. Tony. I love reading this news, man. I

376
00:28:15,557 --> 00:28:20,577
wish I could go and have a meal at Steak and Shake. But smart money already sees where the

377
00:28:20,577 --> 00:28:26,077
puck is going and i'm sure there's you know tons more like steak and shake that are just not as

378
00:28:26,077 --> 00:28:31,877
public right recently we heard something about the major chain in france the car for the supermarket

379
00:28:31,877 --> 00:28:38,197
that's not only accepting bitcoin payments but is offering up to 20 discounts to incentivize folks

380
00:28:38,197 --> 00:28:45,197
to pay with real money because they don't want to be stuck on on a sinking ship right so more

381
00:28:45,197 --> 00:28:50,217
businesses should be doing this and the sooner the sooner they start you know they well the bigger bit

382
00:28:50,217 --> 00:28:54,597
The bigger the stack, the bigger their savings in the future of money is going to be.

383
00:28:55,557 --> 00:28:56,417
Bitcoin's a protocol.

384
00:28:56,937 --> 00:28:58,337
This is how everything starts.

385
00:28:58,477 --> 00:29:02,097
And then it goes from, you know, little trinkets of news to boom.

386
00:29:02,257 --> 00:29:03,737
Everybody at once is doing it.

387
00:29:04,957 --> 00:29:05,357
Absolutely.

388
00:29:05,777 --> 00:29:07,617
All right, guys, that's a good place for us to wrap.

389
00:29:07,757 --> 00:29:09,797
For everyone who tuned in, thank you so much for being here.

390
00:29:10,097 --> 00:29:10,637
Do me a favor.

391
00:29:10,777 --> 00:29:13,797
Go check out our we're promoting it now.

392
00:29:13,877 --> 00:29:14,777
Go sign up for our newsletter.

393
00:29:14,777 --> 00:29:19,037
But we've got our webinar with Adam Hudson next week where he and Tony are going to be together.

394
00:29:19,037 --> 00:29:26,997
They're going to be talking about Plan B, why Adam chose Panama, why self-custody and how self-custody enabled the life of freedom that he now lives.

395
00:29:27,037 --> 00:29:27,997
It's going to be awesome.

396
00:29:28,417 --> 00:29:29,557
They're going to answer all your questions.

397
00:29:29,677 --> 00:29:31,357
So make sure you go check that out and get signed up.

398
00:29:31,437 --> 00:29:34,857
I'll link to the registration page below.

399
00:29:35,477 --> 00:29:38,797
And stay tuned for another episode later this week.

400
00:29:38,977 --> 00:29:39,837
Thanks, guys, for being here.

401
00:29:39,897 --> 00:29:40,377
Appreciate it.

402
00:29:40,617 --> 00:29:41,037
Thanks, guys.

403
00:29:41,097 --> 00:29:41,397
It's great.

404
00:29:41,577 --> 00:29:41,697
Thank you.

405
00:29:42,377 --> 00:29:42,637
Cheers.

406
00:29:43,137 --> 00:29:43,657
Hey there.

407
00:29:43,757 --> 00:29:45,417
Thank you for tuning in to Bitcoin Banter.

408
00:29:45,417 --> 00:29:50,097
wanted to take a quick minute to remind you to head on over to the bitcoinway.com slash podcast

409
00:29:50,097 --> 00:29:55,377
to schedule a free 30-minute consultation with a member of our team. It is critical that you take

410
00:29:55,377 --> 00:30:00,697
full control of your wealth and we can equip you with the skills needed to take 100% self-custody

411
00:30:00,697 --> 00:30:05,957
of your Bitcoin. For our existing clients, we also offer our Bitcoin Bootcamp where we will conduct

412
00:30:05,957 --> 00:30:10,957
quarterly calls with you to reinforce the training we've provided and fill any gaps in your knowledge.

413
00:30:10,957 --> 00:30:16,317
While you're at it, ask about our solo mining service, something we think everybody should be doing.

414
00:30:16,797 --> 00:30:24,817
We also help with addressing your personal and online cybersecurity, and we can even help you set up a privacy phone free of big tech and Big Brother surveillance.

415
00:30:25,357 --> 00:30:30,817
Don't underestimate the amount of tracking taking place in your browser and in the apps you use every day.

416
00:30:31,377 --> 00:30:39,997
And finally, whether you're ready to make a move to a freedom-loving paradise or want to back up in the event of a worst-case scenario, be sure to ask about our Plan B residency program.

417
00:30:39,997 --> 00:30:45,157
being untethered from a single location is one of the best ways to ensure your self-sovereignty

418
00:30:45,157 --> 00:30:51,217
into the future again you can schedule a free consultation at the bitcoinway.com slash podcast

419
00:30:51,217 --> 00:30:55,917
if you are enjoying the show please do me a favor subscribe to our channel wherever you listen

420
00:30:55,917 --> 00:31:00,917
give us a five-star review and drop us a comment we would really appreciate it and it makes it

421
00:31:00,917 --> 00:31:05,737
easier for others to begin finding us as we preach the gospel of financial self-sovereignty

422
00:31:05,737 --> 00:31:09,797
and beyond. Thank you again for listening. Until next time, stay safe,

423
00:31:10,277 --> 00:31:13,817
stay sovereign, and remember the yield on Bitcoin is freedom.