This is the reason most people don't understand Bitcoin and why a lot of them lose money on it.
It's because they listen to these, you know, misinformed donkeys that are pushing a narrative rather than the truth.
This is the system reset. Like, it is happening.
It's not like one day you wake up and they decided to flip the switch on the system reset.
Like, I think it's a series of many events.
I also wonder if this is why we're seeing some rumors of compromise on the Clarity Act.
I think that both sides know that they have to do something.
They have to keep printing money.
Imagine accepting to be extorted like this.
Like, what does that say about you?
Bitcoin and self-custody, folks, it's the only play available.
There is no other workaround.
You either learn this the hard way or you try to figure it out when you're homeless.
Hey, everyone, welcome to another episode of Bitcoin Banter.
I have Greer and Tony with me.
Gents, up first, my man, Larry.
Let's watch this video of Larry Lippard.
Greer, what's the guy?
What's the Bloomberg analyst's name?
Mike McGlone.
McGlone, yeah.
Here it comes.
This is good.
Yeah, and it's done this seven times before where it had a decline.
What's that?
ETFs.
Yeah, ETF growth may be slower right now.
ETFs.
Mass pile in and then get me out.
Yeah, but it was the fastest growing.
No, it's March the Peak.
This is things we predicted five years ago.
Let me finish March the Peak.
going mainstream, best practice in history,
retail, Joe Schmoe
jumping aboard.
There you are.
I'm fucking done with you, man. I really am.
You won't even let me finish my comment.
Fuck you. I mean, fuck
you, man. Seriously.
Now I got to moderate.
We have another topic that I wanted
to discuss
that I think we can all agree on, and
we'll all be saying FUs, too,
which is the...
Larry, you're out of here. All right.
No problem. Appreciate you.
So Larry just gets up and leave.
He's had enough of these fiat bros dunking on Bitcoin, interrupting all the FUD.
Tony, what's your take on Mr. Larry Lepard?
Absolute savage, man. I would have done the same.
I probably would have told them off a little longer, but I would have exited the same way.
The problem, like these dorks, stratify idiots that are out there.
This is the reason most people don't understand Bitcoin and why a lot of them lose money on it.
It's because they listen to these misinformed donkeys that are pushing a narrative rather than the truth.
Bitcoin is not an asset.
It doesn't belong in an ETF.
When you're buying an ETF, you're not buying Bitcoin.
You're buying an IOU, the same rubbish that you should be looking forward to exit.
But as long as people think these clowns are credible sources, reputable sources,
well of course they're going to be doing the wrong thing over and over again and then complaining
why nothing really changes so uh the fact that larry got fed up with him and told them off
you know good good on him man no one should be listening to these clowns like the attention
should be the farthest thing away from anything trad fi talking about bitcoin yeah larry's feisty
but he's an awesome patient guy and i my my suspicion is he's just reached this point he's
heard this so many times that he's just done. It's like the Peter Shifts of the world who have
led so many people astray or at least delayed their entrance into Bitcoin and so much wealth
lost for so many people, in my opinion. Greer, what's your take? Yeah, the people who hate Bitcoin
the most are the ones who sold it too early and don't want to buy back in or they saw it and just
ignored it. You know, now they're dealing with the fallout from their poor decisions, which,
you know, I can understand that. But to me, this is like if you wrestle a pig,
you know, you're both going to get muddy and the pig likes it. Like the worst thing is arguing with
someone who's so intractable when it comes to Bitcoin that they're not even open to honest
arguments. And I think Mike has said that Bitcoin should be around 10K. And I'm sorry, we're not
going to 10K. The writing is on the wall. Yes, Bitcoin is below all time highs, but that's
nothing new. Bitcoin dumps, it dumps 50%. And those are the times when you want to allocate
more resources to it. So I, you know, I, I think, uh, Larry probably, uh, you know, he resorted to
the one thing he had left, which is the big F you, but it looked like it was called for in this
instance. Yeah. In fairness, I really, I hope we dump to a 10 K buy some more cheap sats. I hope
that happens like the day of payday for me. You never know. Yeah. You never know, but I suspect
you're probably right, Greer. All righty. We talked about the Netherlands unrealized capital
gains tax last week. And in addition, they're introducing an exit tax. So basically, if you're
a wealthier asset owner, productive member of society, and you say, hey, I don't want you to
steal a third of my wealth. Well, we're going to tax you. It looks like it's coming for five years
after leaving the country expected. It says expected 2025. So I think this was actually
The announcement was made probably in anticipation of the unrealized capital gains taxes.
These things all take a while, obviously, to play out.
Greer, go figure.
What's your take on this?
Yeah, it looks like you've got until 2028 for this to take effect.
And I mean, we saw an article about the finance minister who lied on her resume, who was the
one that was going to implement or oversee this tax.
So I think the whole thing is really up in the air at the moment.
But they need your revenue.
They need your income.
They have to pay for housing, for illegal immigration in their country.
And this is the way to do it.
It's to fleece the people.
So, you know, this is theft.
And, you know, going after them after they leave is punitive.
This is immoral.
And, you know, I feel for anybody who's caught up in this situation.
It shouldn't happen in the West.
You know, this type of thing happens in California already.
So yeah, just absolute nightmare scenario.
It makes you wonder, where can I put my money and where can I live where I can be more free?
I think that's the next step in anyone's journey who's on this.
What's amazing to me is that there are people who believe that because they wrote this down
on a piece of paper, they have some sort of authority over you once you leave.
I mean, to me, that's just mind boggling at this point on my journey.
Tony, what is the solution to this forced theft?
Man, the more we read about these stories,
I'm hoping at least more folks will finally understand
that they have no governments,
that you're dealing with criminal organizations
that are full-out extorting funds from you.
This is essentially the exit tax.
I see it as a form of kidnapping
because they keep you locked into a system
that you want no part of,
and its only objective is to fleece you.
so that you are essentially like a cash cow for these parasites,
which contribute absolutely nothing to society
other than play God over your life.
So anyone with half a brain and the means to protect themselves,
they should absolutely be scrambling to do so.
And those who are okay with this,
well, I mean, that speaks volumes, first of all, to their own character.
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.
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
or you try to figure it out when you're homeless.
You're right. And we're actually going to be talking about this. We've got a live stream
we're doing next week with our friend Adam Hudson from Unemployable Media. And he's going to talk
about how he was able to leave Australia, not identical, but similar circumstances.
and why the plan B has been so important
and why Bitcoin in self-custody
is the only way that you can move your wealth.
If you've got it in real estate,
if you're tied up in legacy financial assets,
I mean, you're screwed
because they can forcibly tax you then.
They can't force you once you get out of there.
So the Netherlands to me
is just creating the most compelling case
for Bitcoin in self-custody,
being your own bank,
everything that we've been preaching
for quite some time.
All righty, up next, we have Jason Lowery.
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.
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.
Like, can you ask for anything more?
What do you think?
And if you if you thought merchant adoption of Bitcoin was bullish, this is on a whole different level.
You've got super intelligence, fully automated systems here that are using incorruptible and
unconfiscatable money to transact.
What this unlocks as potential?
I don't know, man.
There's no vocabulary word that can properly describe how insanely revolutionary this is
and how you are nowhere near being bullish enough on the result of a world with these
guys running around and doing this stuff.
Bitcoin is the future of money. That's something I was sure of, you know, when I landed on Bitcoin
five years ago. But to see it unfolds in such a powerful way like this, that was not on my bingo
card, but I'm definitely excited that it's coming. So, Gru, I don't want to throw you off of any
comment you already had, but what I'm curious about is the mechanism by which the AI agents
accumulate the Bitcoin. Is the thesis that in some way they're being funded with fiat,
which is the typical way that people accumulate Bitcoin now, they exchange their fiat for Bitcoin?
Or is it that these AI agents are going to be of the intelligence to produce value work for,
you know, independently for other people and be paid in Bitcoin? And that's how they
effectively drive up the prices through demand side adoption. Do you have a comment on that?
And then yeah, sure. Yeah, I think it's good to think through this. So if you know,
Brom Canstein, he put together a tool where you can fund your AI agent with a Bitcoin wallet.
You know the private keys, but you give your agent control over the wallet and it can perform
tasks for other AIs. But I think that the opportunity here is, you know, develop something
using AI, a service to other AIs. And if you have Bitcoin, you know, this could be a great way
to earn marginal sats being a broker between these agents. So yeah, there is a person on the other
end of this who controls the Bitcoin, I think, at least in these early stages. But the fearful
thing is if you as an individual have less Bitcoin than the AIs, you know, the old saying,
he who has the gold makes the rules. Well, I think the same will be true in the digital age
that we're entering. You know, he who has the Bitcoin makes the rules. So I would say this is
something we should all be looking into. How can we provide value in a digital economy using AI
agents that have custody Bitcoin that you've provided them? The opportunity here is endless.
I think that we'll see a ton of innovation. And yeah, I mean, AIs eventually, you know,
we'll figure it out and they will demand only Bitcoin because it's the only thing that's open
source that is immutable and there is no company holding them back like what you'd find with crypto
or stable coins so i think you know we're we're at the early stages obviously but this is going to
be exponential towards bitcoin's growth and adoption yeah only two guarantees in my mind
first of all the future is going to be crazy and number two by the year 2028 i intend to join an
community. So that's, uh, that's my game. Not a bad plan. Alrighty. We've got, uh, Ray Dalio.
He's been talking about this for a long time, but he has some, you know, new videos, new quotes that
have come about. He says, uh, he issues a stark warning amid global system reset. He says, sell
that assets and buy gold, uh, the world order as we knew it is gone. And we are heading into very,
very dark times i think we can all agree on maybe two of the three uh but tony uh we're heading into
this new world of ai and everything's going to be digital and his advice is you should buy a rock
uh how would how would you maybe modify his statements here man i agree with everything
except for that one line but i have a feeling you know it's just because i don't know man maybe old
age maybe maybe something else but you know holding on to relics in the digital world
is absolutely not the way to go.
I mean, these precious metals, you know,
will be reduced to just that.
Maybe a limited utility value.
I don't think they go to zero,
but, you know, they'll have very limited use
in a world where super intelligence
now is transacting with Bitcoin
and, you know, folks are starting to understand
that this is money
and that that's how they should be treating it,
saving in it and what have you.
Nobody's going back to a typewriter
or a fax machine, right?
I mean, whether you like it or not,
this is the world that we're headed into
and people should be excited about this because for the first time ever they have an option to be
in full control of their lives something that gold or you know any other system prior to bitcoin
never provided so i'm very bullish on this this to me this is an extremely brutal signal even though
there may be dark times ahead for those that are unprepared unfortunately you know that's just how
things play out but i don't know man i hope less less people get hurt by this but i just don't see
how it's avoided yeah clearly ray has not accounted for ai agents uh competing with
humanity for all of the bitcoin otherwise i think he would be recommending something else
greer yeah gold is old i'm sorry and i think it is the transition between the fiat world
and as Ray outlined, the old order and the new future.
And the new future is digital.
There's just no way around it.
And gold requires trust.
That is the biggest problem with gold
besides the fact that it's heavy, hard to move,
requires physical security to protect it.
You need to trust someone that the gold is in fact real.
And the only way to do that is to melt it down.
So I think the systemic problem with gold
is that it doesn't fit into the future.
Bitcoin does, and it is so much better than gold.
You know, to raise credit, I think he has 1% of his wealth in Bitcoin.
If he studied Bitcoin more, I think that number would be quite a bit higher.
But, you know, I think he's right about the new world order emerging and the old order
ending.
That's clear.
Everybody knows it.
I don't really think there's a lot of news here.
You know, we see this happening in real time.
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
I think I raised this point on a recent banter. I was talking to someone somewhere and we hear
about these, you know, like these system resets and everyone's like, well, when's it going to
happen? Like, when's the big print going to happen? When's the system reset going to happen? And I'm
like the Netherlands is confiscating a third of your wealth, right? Like every year they're taking
a third of your, like, this is the system reset. Like it is happening. It's not like one day you
wake up and like they decided to flip the switch on the system reset. Like, I think it's a series
of many events that unfolds over months. At this point, I would say several years, because I think
it's been happening. And, uh, one day you wake up and you realize, oh, I live in a very different
world than i lived in you know five years ago and my purchasing power is just it doesn't get me to
the end of the week to the end of the month yeah and by the time you reach that point bitcoin will
be unaffordable to you absolutely and it's not necessarily anything sophisticated that has to
take place for the system to fall apart it's just that most normies first of all are unaware that
these things are going on um and until their turn comes you know they're not going to believe it
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.
Like, they have no idea.
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.
So the red flags are everywhere.
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.
But I can assure you that they're coming everywhere because that's the only way the legacy system tries to survive.
And so if you don't protect yourself, no one's going to give a shit about you.
You go down too bad.
That's going to be the end game.
And I know this because that was my experience.
Nobody was there when I needed help.
So unless you help yourself, you're on your own, my friend.
Well said.
Well, if I could direct everyone's attention to Exhibit A to further make the case that
I was trying to make, the U.S. national debt is set to surge by $2.4 trillion per year
over the next 10 years, according to CBO estimates.
Now, the CBO is always wrong about everything that they've ever put out.
However, this is probably a conservative estimate.
They tend to downplay the mayhem that's most likely.
It says, as a result, U.S. debt will likely reach a record $64 trillion in 2036, doubling
from 2023 levels.
So this would be triple the debt record in 2018 before the pandemic.
I mean, these are wild, unfathomable numbers for the human mind to comprehend.
And suffice it to say, in my view, the big print is going to have to happen along the way.
It's not this one-time thing because that's the only option, I think, at this point.
And more people are going to opt out of the dollar system.
We're going to see, you know, de-dollarization globally.
We're going to see more people opt into Bitcoin as they learn and understand what it is.
But, Tony, I sent you this article and all you sent back was a laughing emoji.
So I'd like to hear what your thought was.
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.
So just adding more zeros to make a headline is a waste of time.
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.
That's how bankrupt you are as a country.
And that's the world reserve currency.
so what's the point of all of this right it's just that people complain and what they do is
that they shrink their lives into their new shitty reality instead of seeking for solutions
to improve their realities this is the majority of the npcs out there unfortunately sadly
yeah but just yeah tony you're right hit fast forward start living in the future today
buy bitcoin take self-custody i mean that's where we're headed i think the point you're making here
is otherwise you're just playing this game like you're watching this and you're just falling
victim to the thing that you know is coming you're wasting time and you are guaranteeing your demise
100 yeah absolutely uh greer so they're tightening the shackles on our us and our children
uh what's your response to all of this yeah i think the the estimates go up i don't think two
four point four trillion a year is is going to be correct i think it's going to be a lot higher than
that i also wonder if this is why we're seeing some rumors of compromise on the clarity act
i think that both sides know that they have to do something they have to keep printing money
and that will give them a way to do it and to be able to offload our debt onto other people
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.
the only way I think you can protect yourself is to take your money out of the system. If you don't
have any dollars, then it doesn't matter. You can go into Bitcoin and just wait. I think also this
is a perfect time to get into Bitcoin. We know it's going to go up again. Maybe it will be farther
in the future than we want, but you have a chance to secure your stack. So to me, that is the only
thing that you should be thinking about. How can I get more Bitcoin than I had yesterday? You know,
this house of cards is going to collapse and you don't want to be sitting inside of it when it does.
Prudent advice. Alrighty. We've got from Cointelegraph. This is the first year in history.
And by the way, we're halfway through February, but first year in history where Bitcoin has seen
a red January and February. Greer, do you care if we have two back to back red candles?
I mean, I, of course I care to an extent. It doesn't make me fearful for, for Bitcoin's future.
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.
It's like a fractal. Every two, four, 10 years, we're going to zoom out and people will be crying
when we dip from 800,000 to 600,000. And they'll say Bitcoin's dead. But of course, if you've been
holding since today, it won't affect you. And so I, you know, depending on where you are in your
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
Absolutely. Tony?
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?
and as long as you keep believing that kool-aid the narratives that they feed you
um and keep you keeping you distracted from you know the fact that it's a savings technology that
you know significantly improves your purchasing power well you know you're always going to be
anxious and depressed and upset whenever you see red on the screen the colors don't matter man
when you start saving in bitcoin over time i'm not saying overnight over time um your purchasing
power is going to go up. So it doesn't really matter what the macro and micro external factors
are doing. It really doesn't matter because your situation is improving no matter what,
because that entire system that, you know, the charts is pointing to is going to zero.
And so as long as you keep fitting yourself on that failing chessboard, well, you're going to
go to zero along with it, or you're going to force you to make irrational decisions that'll
accelerate you going to zero or losing a significant amount of your funds. Step out,
live in the future from now, which is what me and millions of others are doing. And no,
you don't necessarily have to be an archie millionaire or billionaire to do it.
When you have enough savings over time, you are comfortable. You're not buying Ferraris and
Lambos every weekend. That's for sure. But you're also not struggling to put food on the table,
to spend time with your loved ones, to go out with your friends, to experience true freedom.
That's what Bitcoin is. And all the messaging out there is anything but that, because they want you
stuck in a system of counterparty risk and dependency on the corrupt system that wants to
just keep that chain over your neck. So ignore the charts, ignore the TA, ignore anything and
everything that talks about Bitcoin other than freedom money. That's the only, the simplest way
to win in Bitcoin. Absolutely. And just keep in mind too, when we show these charts, it's usually
to tell people to stop worrying about the charts. It's just, we're acknowledging what the rest of
the world is looking at and overly focused on. So there's that. Okay, guys, up last, we've got
Steak and Shake says that their sales have risen dramatically since it started accepting Bitcoin
as payment. And as we've talked about Bitcoin payments for Steak and Shake burgers go into
their strategic Bitcoin reserve. I told you guys offline, I hadn't had Steak and Shake in like a
decade. And this truly is the cheat code. If you're early, you're going to get so many Bitcoiners
who come. I've been there 10 times in the last six or eight months. And one quick note, just
fun fact for everyone, beef tallow is super nutrient dense. It also is very high in calories.
So be careful, be safe out there, eat in moderation.
Just saying, Greer, I'll let you take this one first as hopefully a fellow Steak and Shake patron.
Oh, yeah, I love Steak and Shake.
And I think it's great.
They went to Tallow.
And I think it's the signal.
And I can't say exactly what their Bitcoin treasury is.
I want to say I saw something like 500 million in Bitcoin.
And I could be wrong about that.
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.
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.
Or in their case, they don't sell any Bitcoin.
They just keep it all.
So they have enough customers paying in dollars to be able to offset all of their costs.
And, you know, this is the model that every business should be running on.
provide a service and accept Bitcoin and save that Bitcoin for the future. I mean, you know,
Steak and Shake is just, they're showing the way. And they're also giving bonuses to all of their
employees. Like this is just such a fantastic American story. I hope more companies adopt it
before it becomes the norm. You know, it's still early and you have a chance to be a market leader
as they've shown. And if you want to, you can take it a step further and you can print paper
Bitcoin in the form of perpetual preferred stocks. So there's always that option too.
You don't have to stop with just taking self-custody and having your own treasury. You
can go try to get other people in on the scam if you want. Tony. I love reading this news, man. I
wish I could go and have a meal at Steak and Shake. But smart money already sees where the
puck is going and i'm sure there's you know tons more like steak and shake that are just not as
public right recently we heard something about the major chain in france the car for the supermarket
that's not only accepting bitcoin payments but is offering up to 20 discounts to incentivize folks
to pay with real money because they don't want to be stuck on on a sinking ship right so more
businesses should be doing this and the sooner the sooner they start you know they well the bigger bit
The bigger the stack, the bigger their savings in the future of money is going to be.
Bitcoin's a protocol.
This is how everything starts.
And then it goes from, you know, little trinkets of news to boom.
Everybody at once is doing it.
Absolutely.
All right, guys, that's a good place for us to wrap.
For everyone who tuned in, thank you so much for being here.
Do me a favor.
Go check out our we're promoting it now.
Go sign up for our newsletter.
But we've got our webinar with Adam Hudson next week where he and Tony are going to be together.
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.
It's going to be awesome.
They're going to answer all your questions.
So make sure you go check that out and get signed up.
I'll link to the registration page below.
And stay tuned for another episode later this week.
Thanks, guys, for being here.
Appreciate it.
Thanks, guys.
It's great.
Thank you.
Cheers.
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