Silver just went down 41% in a day.
Silver, not Fartcoin.
It's wild, you know, approaching a 50% correction.
I don't think that we've topped out for the cycle.
I still think that somewhere between the last harbing and the next harbing,
we're going to 340 plus or minus 15%.
We are going to get the biggest f***ing bull run
that you've ever even thought of as soon as this liquidity starts.
Everybody gets Bitcoin at the price they deserve, right?
No, no, no, no, brother.
No, brother.
Everybody sells at the price that they deserve.
That's the truth.
Bing bong.
I am back with another edition of the State of Bitcoin podcast where I've got the man, the myth, the legend, one of my favorite recurring guests, British HODL in the house.
British, last time you were on, man, you told me we couldn't get to one Bitcoin anymore.
It was impossible.
Well, now we've crashed to 70,000.
So is the answer still the same?
Western brokies can now get to one Bitcoin.
I know.
I mean, with this craziness and the market volatility that we're seeing here,
especially in the gold and silver markets, how are you looking at everything?
I mean, it's been a rocky start to say the least of 2026.
so uh you know how are you viewing just the overall markets right now it's kind of it's it's
it's interestingly confusing right like because what's happened is gold and silver were rocketing
up so bitcoin was acting like a risk on asset and now gold and silver are going down and bitcoin's
acting like a risk off asset so it's like how do you uh you know how do you take this so the only
way that i can take this is to look at it and go there is accumulation happening there are weak
hands that you know as i like to call them the sissies that need need to be flushed out and
they're being flushed out i mean this is a 50 you know approaching a 50 correction it's wild i didn't
expect this to to be a 50 correction in the mid curve i i don't think that we've topped out for
the cycle. But again, here we are. It's just one of those things you got to deal with. You know,
at the end of the day, like we can all make price predictions, but it depends on what we're going
to do with those price predictions, right? Like, so for me, I'm not trading it. I don't know how
to be in the market only for the 10 days of the year that Bitcoin makes all of its moves. I don't
know how to do that. So I don't trade it. But, you know, I still think that somewhere between the
last halving and the next halving we're going to 340 plus or minus 15 percent yeah i mean i i that's
a i mean that's a bold call and i like it man but um you know with the the short-term volatility
that we're seeing right now um you know why do you think that everybody's kind of i guess going
into these precious metals market uh you know especially like the silver market i think is kind
of the most interesting because everybody's saying that is there is some sort of like physical
shortage there do you foresee what what physical shortage when the shit can drop 41 in a day
where's your so this is the problem with doom and gloom boomers right doom and gloom bloomers
doom and gloom boomers come out with these narratives and everything's a new narrative
every so the first one was paper bitcoin right paper bitcoin paper bitcoin paper bitcoin turns
out people were just selling okay that's how a market works next they flipped over to golden
there was a strategic shortage, strategic absolute shortage. There's a shortage in the markets. Look
at the difference between the spot price and the paper price and the CME and da, da, da, da.
The shit drops 41%. So what happened? All that strategic structural demand just disappeared. 41%
of it just disappeared overnight. So clearly it was just a concentrated trade that was going on.
And it's kind of a signal metals kind of rally when you're ending a business cycle.
And that's what I think is going on here. I think that we are ending a business cycle. The PMI number, ISM number came out higher than 50, highest in 40 months. That, by the way, isn't like a final signal. What that means is, is that things are not getting shitter anymore.
so it's like a turning signal and as a result of of that the metals you know i think are are
basically cooked at this point i think gold and silver is uh is is done here and uh and and we'll
see i don't know i you know like yesterday we're up 10 now they're down of another 15 so we got
dead cats bouncing all over the place in gold and silver and bitcoin's also taking a write down i
You know, it just is. It's a kind of a strange market. It's not one that I'm trying to sit here and figure out.
The Nasdaq's kind of flat. It's down 1% right now, but it has been kind of flat.
It's a very, very interesting, interesting market here.
Certainly, MSTR has taken the brunt of Bitcoin's downside bull.
If MSTR wasn't there, I think Bitcoin will be down 60, 70% at this point.
but it's not you know and we'll see whether we bounce from here or not or whether we're going
to go and hit the 200 week moving average you know before uh before running up again i don't know
it's certainly interesting but now's not the time to get bearish right at 120 if you were bearish
getting bearish at 120 was the time to get bearish you get bearish now you're just an idiot
i love it but you you mentioned mstr uh you know obviously there's there was a little bit of a
a rocky path for both MSTR and Bitcoin last year.
I mean, the gold bugs finally had their year, right?
I mean, in 25, they ended up positive
while Bitcoin and MSTR kind of ended up in the dumps.
But how did you view 2025 as like an overall year?
Did you view it as a success?
Because I mean, I don't know if you saw the clips of Sailor
on what Bitcoin did,
but I thought it was very interesting his take
on the Bitcoin treasury companies
as well as just how Bitcoin performed in 25?
2025 was a narrative hit it out the park here, right?
It was a narrative utter win.
It was a narrative, you know,
just a cracker of a year,
a year better of a year,
better a year than we could have expected narrative-wise.
Price-wise, shit.
right price wise it was shit but at the same time you know we didn't get any liquidity in
we had the trump administration that realized it's got to get a lot of volatile things done
and they wanted to kind of get it done in in the first term i mean in the first year of of this
term and so that's what they pursued they pursued getting everything done and that caused volatility
in the markets and uh and uncertainty in the markets and the markets hate uncertainty
You know, one of the reasons why America's capital markets does really well is that historically, whoever wins the presidency, the opposite team wins the House in the midterms.
And the reason why that's good is because it causes a logjam.
And the logjam provides certainty to market.
So and it's not just me saying that, like you can go and look that up yourself.
and President Trump knows that and Secretary of Perset knows that and everyone in the cabinet
knows that. And so the good thing about them knowing that is that there's only one way that
they can win. And that is by printing as much money as they can and pumping up the economy and
pumping up the stock market. That's it. That is the only way that they can win because historically
it's supposed to flip to the Democrats.
So if they want a chance in hell of winning,
they've got to print as much money as they can,
and that should be good for Bitcoin this year.
Yeah.
Well, what do you think of the new,
because, I mean, obviously,
Trump essentially has been yelling at Jerome Powell publicly.
I mean, calling him too slow Powell,
going at his neck essentially any chance he can get.
And now it's Kevin Warsh,
who historically was actually kind of hawkish.
He was not like one to really, you know, I guess cut cut interest rates.
He was always trying to battle inflation previously before, you know, really just flooding the market with liquidity.
But recently he started to side with Trump.
How do you think that this is going to affect the markets?
Because it seems like once, you know, he was named as as the next Fed Treasury secretary, the whole market just tanked on that news.
So how did you read that the market's reaction and what do you think is going to happen with the new Fed chair?
Yeah, he certainly washes.
You know, it's funny.
I put a tweet out after the last Fed conference.
And I was like, if I was President Trump, I would be announcing a replacement to this guy now because he just in his press conference became too much of a narrative liability.
and the next day i was like okay i'm gonna make a video on this because i think this is quite
important and by the time i woke up there was an announcement from the trump administration saying
yeah we're announcing someone new and that's because the narrative was important enough
the trump presidency is based on on narrative heavily based on narrative most presidencies are
but particularly this one and so powell basically ran out his his course and they needed to
to do something. And so now they've picked Warsh, who's not the most dovish or hasn't been.
But if you think that these candidates got through secretary percent and then the president
and they didn't sit down and this is how the interview went. OK, this is Brandon. This is
how the interview went. Right. Imagine you're imagine you're the Fed chair. Right. The candidate.
Right. You come into the room. Right. And I'm going to be the Treasury secretary and the president
in one okay i'm gonna say okay cool so you agree that we should be uh lowering rates and printing
money right and then you say no i i'm i'm kind of i'm kind of this no no no no wait wait why don't
you come back next week let's reschedule this for next week and then let's see what's happened to
your opinion next week so now you go home you're like what the fuck just happened i just got kicked
out but they rescheduled it for next week so then you come back next week and we're like so brandon
like you are dovish on printing money and lowering rates right and you're like yes sir however like
and then percent's like brandon you're a fantastic person brandon we're gonna have to reschedule this
for next week so now next week you start three weeks later and you're coming back like what the
fuck is going on here and then they're like so how do you feel about lowering interest rates and
printing as much money as possible this year and then you're like i want to print as much money as
possible and i'm going to lower the rates as much as i can you got the job if you don't think that
that's what happened come on i mean hey i'm with you i i personally thought that but it was just
interesting how the market kind of reacted to it with um you know the market essentially just
tanking and that's where i think like you know everybody was looking to maybe his past opposed
to just what he'd been saying like fairly recently how he he's even been coming out to powell and
saying powell moved too slowly so i mean me personally it made a lot of sense um you know
just kind of seeing this obviously he wants to fight inflation but um i don't know i guess it's
one of those things where maybe the the market uh and knew that everybody was anticipating a fed
chair that was going to cut a bunch of venture or cut the interest rates and so they got a guy who
had a hint of hawkishness and uh you know so they they dumped on the market and and maybe that's the
case i'm not there is there is also by the rumor sell the news right so you've got that trade trade
going on as well so you know there's a lot of a lot of different facets to a to a market and at
this point you know i i wouldn't he might also be a fall guy right like trump knows that you know at
the end of the day these guys are going to try and put as much friction as possible in his way
so why not announce a fall guy make everyone attack him you know while you prepare behind
the scenes the real candidate that can emerge by the time you get to confirmation i don't know like
maybe that's what's going on all i do know is that these guys are really good at maintaining
volatility right trump and percent have been fantastic at maintaining volatility so we'll see
you know we'll see what we'll see what happens here but wars certainly well he certainly wasn't
my first pick if i was if i was doing it so there must be something going on yeah i wouldn't doubt
that um but i think you know with with the volatility i think something that trump uh just
intuitively knows is that you know people look at the markets to determine how the economy is doing
and obviously we've got bitcoin down crashing we're actually while while we're on this call
uh right now it's uh it's crashed below 70 000 british so so we might be done are we are we
are we packing it up and going home or what what's the deal yeah is it over it's over bro
it was over it was over last year really like we should have just known it was over last year
nobody's searching for bitcoin retail doesn't give a fuck retail is out here trading meme coins
retail is out here trading gold and silver retail is out here trading you know ai stocks retail
doesn't care the people that you know you have recorded and put so much effort and heart and
emotion into recording this podcast for don't give a fuck same thing with me not they don't
care about my videos they don't care about my message they just want to get rich tomorrow
and that's it because that's all the hope they have that's the world that we live in brandon
hey trust me man i i i see it it's it's uh it's interesting because i mean even walking around
and they're always like, all right, what's the next Bitcoin?
I can't get to one full Bitcoin.
And that's obviously been your message for quite some time.
But with this and the amount of buy pressure that we're now having,
you brought up MSTR.
I want to dive into that.
Let's dive into some of the mechanisms that Saylor's using here
because I think it is really interesting,
all the different products that he's starting to roll out.
And in this bear market, his ability to raise a bunch of money,
uh you know seemingly every single week and i think he had his third biggest buy ever maybe like
two or three weeks ago now at this point um so how does he how does he keep doing doing it when uh
and is there a potential that he's now that he's like maybe underwater for his uh strike prices
are we going to start hearing that the narrative that uh you know mstr is going to go belly up again or what We hear this every six months It nothing new anymore You know the win for MSTR and Michael Saylor what I pray on a daily basis happens for MSTR and Michael Saylor
is that Michael Saylor no longer needs to show up to a single Bitcoin podcast
or a single Bitcoin event.
You know why?
Because when that happens and the stock is going up,
that means that institutions are in.
Right?
that's what i'm looking for there's a reason why michael salo is putting in all the effort
talking to sovereign wealth funds talking to all the banks talking to everyone um and you know the
reason is very simple it is that's where the capital is retail doesn't have the capital
anymore retail has the opinions they don't have the capital they're poor they don't get it they
want to gamble and mstr is not a gamble it's a fixed income product it's not a gamble it's not
going to go up, you know, 700% in two minutes. Like that's not what it's designed for. It's
designed as a fixed income product. And so, you know, you've got to talk to different people from
that perspective. And Sailor, why would you waste all this time talking to retail until, unless you
were building a base of a message, right? And you've built the base of the message now, and now
it's time to evolve and get it in the hands of the institutional capital and the $140 trillion fixed
income market. Yeah. And he's also mentioned the $200 trillion credit market and the $300 trillion
bond market too. So, I mean, obviously these aren't small numbers by any means. And he's been
talking to a lot of the sovereign wealth funds and the big money managers. But with this,
it seems like everything is so bullish for the outlook going forward. What are you seeing in
the market? Is it just like a general whale sell-off? Is it because retail is just too afraid?
Why are we having such a giant price price?
Institutions are buying.
Like, this is the one thing.
I saw a tweet from Eric Peltunas from Bloomberg, and his analysis pointed to the fact that 6%, that was it, 6% of IBEC capital left.
Think about it.
94% huddled through this whole thing, right?
That's massive, right?
And people don't really understand how institutional.
institutional retail retail right and you retail we buy shit and then want to tell everyone about it
right institutions don't do that institutions sit there wait until the price comes to them and then
they acquire it and then they move on to the next thing because it's not a magical thing that they
just did you and i want to be right about bitcoin institution realizes they just got to get you know
a 25% CAGR and they're doing better than anything that could have happened. So institutions buy
differently. They signal differently. They don't have opinions. They have signal. They have
absorption. We are dealing with a market where Bitcoin is being absorbed. It's not being chased.
And that's what's different to the average retail Bitcoiner who's sitting there going,
there's no interest. It's like, listen, motherfucker. Every time Bitcoin goes down
a little bit, it's being bought up.
What are you talking about?
You know?
And so, yeah, you see moments like this
where buy orders lift off and then you've got
massive crashes coming in the market.
It's always going to happen. There's always going to be
games being played in the market
from big players.
But the fact that we're not sitting at
50,000 by now,
silver just went down
41% in a day.
Silver.
Not
fart coin silver just went down 41 in the day and it's taken bitcoin five months to do that
think about it this has become a different asset now it's a different animal and and retail doesn't
understand this and then you go on x and x is filled with a combination of morons and bots
so now if you can't even rely on x to give you any information right so what do you do
you sell your bitcoin and you go and trade meme stocks or you go buy gold and silver or you go
buy bitcoin treasury companies or you because you don't have the brain capacity it takes like
an institution does to just buy and hold forever that's the secret that's always been the secret
There's never another secret. You buy the scarce thing and you hold it forever. And if the
administration was turning around and saying, you know what, we've kind of changed our opinion on
Bitcoin, I would understand people shitting themselves. But what did they do just yesterday?
The vice president and the treasury secretary both went out and said,
Bitcoin is a very important asset. We want everyone to know that Bitcoin is super important.
Why would they do that?
because they because they want to bring confidence back in the market i would say 100
absolutely but retail doesn't see that because retail looks at price and they look at price
thinking that they are going to see signal but price is the weakest way to see signal
institutions don't see signal in price price is the last effect after you've taken all the actions
and you made all the decisions, price then happens. That's how institutions see things.
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proven. Retail looks at price first and says the price went up, so this is going to happen,
But they miss it because the price went up because all of these things happened.
That's the difference.
Yeah, it was interesting.
I was actually doing some digging last time.
We had the dip below 100,000.
And it was like, you know, the institutions, the number of institutions with 1,000 Bitcoin was literally parabolic when we went down.
And the number of wallets with like 0.1 Bitcoin or more went down.
So that means, you know, obviously that all the retail with just, you know, 10 million sats was essentially just selling off.
And so it's exactly like you're saying.
Hey, good.
Good.
Fuck them.
I mean, that's crazy.
They keep doing the same thing over and over again.
They keep doing the same shit over and over again.
At some point, you just got to say stay poor.
They keep doing the same shit over and over again.
And by the way, Bitcoin is the only asset where they've actually equalized in history.
You don't, you didn't equalize with real estate.
You didn't equalize with gold.
Still to this day, if you want to buy a one grand bar of gold, because that's your, that's
all you can afford, you're now paying 30% premiums for that one, one grand bar of gold,
right?
Over the gold, over the price that I would buy if I'm buying a brick.
And you want to fuck that asset by selling it?
Go for it.
Sell it.
set in fact shorted yeah i mean it it's it's it's getting a little crazy out there though i mean
when you not really not really not really not really at all it's not getting crazy this is a
repeating pattern i am a pattern recognizer that sometimes has delusional hope
that's who i am i am a pattern recognizer and i realized this in real estate and i realized it
again in equities and i realized it again in gold and silver and for some fucking reason
i have delusional hope and i'm having to relearn this again in bitcoin
why do you think that is because people are idiots brandon they're idiots they don't want
to be rich, Brandon. They want the journey of getting rich. They don't want to be rich.
They don't want to be fabulously wealthy, Brandon. They don't want it. All they want is to look like
they're doing it. That's it. They want to look like they're actually progressing, but they don't
want to actually progress because they would lose all of their friends. They would lose all of their
family, they would lose everything
if they actually made it.
If they held the Bitcoin
and Bitcoin goes to $10 million a coin,
they are fucked.
Their reality of who they are,
a peasant,
is fucked.
And most people don't like
breaking their reality of who they are.
So is it just a mental barrier
then when we see this market volatility then?
I mean, because we had the hodl meme.
I mean, that's your name, man.
We got the British hodls.
We got the American hodls.
And it's just nobody listens to the meme.
I mean, it's the oldest meme in Bitcoin.
Nobody cares.
You know what's so funny is so many studies have been done on wealth, right?
And then they redistribute the wealth in these studies.
And then it basically ends up exactly the same number of people with wealth, you know, new as it was before.
And it's like, when do we admit that that's the human condition?
Well, it's funny you say that because I've done a couple of videos on this because like
the wealth distribution in Bitcoin is very similar.
You know, if you look at the wallet concentration, it's very similar to just wealth distribution
in the fiat world.
But the narrative around Bitcoin is that it's, you know, the people's money and that everybody's
going to be, you know, buying.
It's going to be the, you know, the peasant's way to get rich and everything like that.
But, you know, it's just human behavior just continuing to play out.
Absolutely.
Nothing's ever going to change, Brandon.
It's the same shit over and over again.
It's new faces, new ideas, but it's the same percentages.
Yeah.
So, all right.
So then how do we fix this problem?
Or is there a fix?
We don't fix the problem, Brandon.
we don't fix the problem, Brandon.
We don't.
There is no fixing the problem.
The people that are going to listen
have already listened.
That's it.
You have to come to terms with
the fact that the success rate
on your videos
in terms of people actually buying Bitcoin
and holding it
is going to be like half a percent.
That's it.
And, you know, look.
I think Bitcoiners kind of understand this.
That's why a lot of young Bitcoiners spend their time talking to fucking, you know,
empanada stand people trying to teach them how to accept Bitcoin.
Because why would you bother talking to people with money?
Because you know that on some level, you know that they're going to fuck up.
So you kind of have this hope and this pull that if you teach the person that's, you know,
making empanadas in South America how to accept Bitcoin, you're actually doing something for the world.
except they fucking sell the Bitcoin
and convert it to US dollars
because they've got to pay bills.
It's a circle jerk, Brandon.
It's all it is.
And then a small percentage of people
that listen to you, listen to me,
will be a part of it
because they'll actually hodl.
And here's the craziest part.
Out of that half a percent, let's say,
the majority of them will have already been rich because they understand mindset
that's it you know i'm in a i'm in a i'm in a whatsapp group in dubai of bitcoiners right and
i don't really talk in it because it's a waste of time so i just i'm just watching some of these
messages because it's like what's the point who am i talking to here so anyway i saw a message go
buy it and the message said this is from like a prominent bitcoiner and the message said guys does
anyone know how i can you know on the rails that are needed to provide evidence or whatever where
i can convert some uh bitcoin into cash because or buy a house with with bitcoin and someone this
prominent bitcoiner was asking that and someone said why do you want to do that doesn't make any
fucking sense.
And they said,
and they said,
I'm kind of sick and tired of this volatility.
And that's
the most honest thing ever.
Right?
But that's how fucking
legends are made.
It's true.
Handle the volatility.
That's how the legends are made.
Bitcoin has 10 days a year
where it has its price action.
That's it.
10 days a year and everyone sits around on x and everyone sits around on youtube for the other 300
and 650 days going what the fuck is going on and and after you've been in that for six years
it wears you down it wears why do you think the gentlemen of old that actually built the wealth
and that actually have built legacies,
legendary wealth status,
used to just smoke cigars.
And like Andrew Carnegie used to just fuck off.
After he built his business,
he was running his business through people.
He just used to go do shit,
just do art stuff, just random stuff.
Because you can't be in it, right?
It's one of the things that I've been contemplating myself as well
because I've devoted, you know,
I've been holding Bitcoin now since 2020,
like six years, right?
And I've devoted,
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So yeah, like five years-ish to being British HODL.
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all right enough for me let's get back to the show it was great the people that listen to me
listen to me it was fantastic but at this point my portfolio is set the conviction is higher than
ever larry fink now works for us right because we own the asset he owns the asset he's promoting
in the asset. BlackRock's doing better marketing than I am at this point. At one point, British
Hoto was doing better marketing than BlackRock. And now BlackRock is doing better marketing than
British Hoto. Fantastic. That's exactly what needs to happen. So I've been asking myself,
like, what's next for me? What do I want to learn about? What's actually interesting? Because Bitcoin
is no longer interesting. That's how you know it's about to win, because it's no longer interesting.
You said about to win. Do you think Bitcoin has already won because of just where it is?
I think the game's already won.
This game is cooked.
People have no idea.
Why do you think they're losing their fucking minds?
Because they have no idea how much you've already won.
You got the C-suite of Wall Street pumping Bitcoin.
You got the C-suite of the US government all pumping Bitcoin.
The price goes down.
The vice president and the secretary, the treasury secretary, come out and defend Bitcoin.
What are we talking about?
You guys are fucking worried about the price.
That's retail moronic behavior.
Like, everyone that was a Bitcoin long-term holder is now making comments as if they wanted to trade it.
I thought you were a fucking long-term holder.
You know?
So what are we talking about here?
Are we traders?
Are we long-term hodlers?
What are we?
I know what I am.
I live in a jurisdiction, because I'm not a moron, where I pay 0% taxes.
Right?
0% taxes.
I could sell my Bitcoin at any point right now and pay 0% tax on the gain from about $5,000 to where it is now.
0%.
Guess how much I fucking sold?
Zero.
Because I'm a hodler.
Right?
It's done.
It's in the name.
It's set.
It's in the name, right?
Like, it's done.
It's set.
so when all these idiots are talking are living in like 40 tax jurisdictions
going like oh it's a cycle over because because i need to sell like maybe i'll sell maybe i'll buy
it when it goes up maybe i'll because they missed the top right because of course none of these
idiots get the top so they missed the top and then they're like i'm gonna sell at 95 000
i'm gonna sell the next time it gets to 85 000 on the cell then it goes down even more the next
time it gets to 80 000 i'm gonna sell and then eventually it will go to 75 000 from 70 they'll
sell and then it will go straight to 120 and it'll be fucking beautiful they'll be out and
there'll be just another story on the side of the fucking street talking about how they held this
bitcoin and they made all this money from 10 000 to 75 000 and they'll tell their grandchildren
about it and they'll say oh we bought this house because of bitcoin and their grandchildren will
say why the fuck didn't you hold it because this house is 50 cheaper than it was that day because
if you just held the bitcoin and they'll say no it was the right time to do it
it was the right fucking time to do it shut the fuck up and get away from me
i mean i love it man it's always it always gets me so bullish talking to you and um you know i
mean we we touched on silver just how much this asset moved i was looking it up uh here before
uh while you were describing all this because the silver market cap now is at a little over 4.2 or
a little uh under 4.2 trillion dollars and we had a 4.2 trillion dollar asset move what 40 percent
in a day i mean what's to say that this bitcoin market that's now at like one point what is it
1.4 trillion dollars give or take uh right now just sitting right around 70 000 what's to say
that this can't go you know 50 60 in a day and have that kind of short squeeze movement that
and go parabolic.
Silver tripled.
So if silver can triple,
I got Bitcoin is telling me
Bitcoin can't triple anymore in a hurry.
Well, that's the power law.
These people are idiots.
They're doom and gloom boomers
and they're idiots.
They have a new thing.
Now it's the Epstein thing.
So I called this shit.
So as soon as I heard that going around, I was like, I've got to make a video on this real quick.
So I put it out there and suddenly everyone's talking about Epstein ruining the markets, the Epstein files.
Oh, everything's going to collapse.
Why is everything always going to collapse to these fucking people?
Like, imagine living in that mind state.
Imagine living in that mind state where everything is always just going to fucking collapse.
You know, like, I just I find this energy just I'm allergic to this.
energy. I'm allergic to this way of thinking. Like, I don't think like that. You know what we're
going to get right now? We are going to get the biggest fucking bull run that you've ever even
thought of as soon as this liquidity starts. Because the whole market, the whole of the
entire world's governments are now on notice that the US is pro-Bitcoin. Everyone's got permission.
Everyone's been educated. BlackRock is flying around the world educating people on
Bitcoin. That's what happened in 2025. So when the liquidity starts pumping again,
the capital is going to get to Bitcoin a lot easier than it would have.
Do you think that capital and the liquidity starts to unlock around midterm elections too,
so Trump can try to get the Republicans to stay in the House?
No, it's happening now. The 1st of January, they changed the leverage ratios for bank deposits.
They're trying to take that back to before 2008. By the 1st of April, it's optional right now.
By the 1st of April, it's mandatory. And what that means is, and they're probably going to make it
even better, right? They're probably going to reduce the amount of leverage. They're going to
probably reduce the impact on the balance sheet even more. And they're going to shove $10 trillion
of debt refi down the bank's throats, onto the bank's balance sheets. And they're going to get
the banks to lend that out. And as the rates come down, they're going to lend it out even more.
And this is going to be, Bissette has already said this, we want Wall Street and Main Street
to do well. What that basically means is we're going to lend baby lend. That's what's going to
happen. And what do you need for that? You need
absolute liquidity, and
you need low rates. And you're about to
get both scenarios. So when I hear
Bitcoin is shitting themselves,
it's like, come on, guys. Are we
hodlers? What are we doing here?
Just do what you want to do. Why are you asking
me? What the fuck is the point of
speaking to me at that point?
You know?
It's just the truth.
I'm actually annoyed. There's so much more
interesting things going on.
Yeah.
The game has won. BlackRock entered the game. I knew it. I knew it from the beginning. My entire thesis was at some point there's going to be an ETF. And that ETF came and the charge was led by BlackRock. BlackRock then created the highest performing in terms of AUM fund in their history.
you think they just did that to get the whole thing to fall apart in a year
fuck are we talking about we're literally talking to literal morons like that's that's literally
what's going on here like these people are thick i don't even know what to say anymore like it's
like how much more do you need to say to go buy bitcoin shut the fuck up you get fabulously wealthy
just because you didn't get fabulously wealthy in the year that you wanted to get fabulously wealthy
in. Like maybe just chill out for a second. But I think all that extra liquidity is going to start
flowing in between now and the end of Q2. And I think you should see Bitcoin react to that.
All right. I like that. What did you make of like Larry Fink and all the speeches that just
happened at the World Economic Forum? Because I thought it was amazing. Yeah, it was something
that was interesting. He said that, you know, that basically in shorts, like the elites have
lost control or like the narrative is shifting where people don't like the elites. So it seems
like he's being self-aware with all of this. You know, what did you make of Fink and kind of his,
I guess, addressing of Davos? This bull run, I'm looking for ways to stack Bitcoin in my sleep,
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All right. Enough from me. Let's get back to the show.
Larry Fink has impressed me so much.
The more I watch him talk, the more I pay attention to what BlackRock's doing, the more I listen, the more impressed I get, because he's clearly someone who didn't understand Bitcoin, stopped and said, maybe I've got something wrong here, went and learned, studied, understood narrative, understood what the purpose of the asset was, and then allowed his team, allowed Robert, allowed all these people to go and execute in the way that BlackRock's doing.
only BlackRock can do. And now they've basically defended the whole industry here. The combination
of BlackRock and Michael Saylor, what they're doing is unbelievable, right? These are the two
people that basically work for us, right? You got Larry Fink and the army of BlackRock,
and you got Michael Saylor and the absolute behemoth of MSTR working for us at this point.
So the more coins that get sold
And get absorbed by Larry Fink
And Michael Saylor, the better it is
And I put a tweet out
Because all these doom and gloom boomers
These dancing grandpas
That's what I call them, these dancing grandpas
They gotta dance, grandpa's gotta dance too
You know, they were talking about Epstein
Ruining everything, I said, hey guys
You know who wasn't on the Epstein files?
Larry Fink
By Ibit
They lost their shit
They absolutely lost their shit at me.
It was hilarious.
Well, I mean, it is kind of interesting that, yeah, obviously he wasn't on there.
And, you know, I mean, I don't even, I don't know if you've gotten this,
but I got some guys that, you know, just are kind of in Normie world
that I've convinced to buy Bitcoin, like, you know, when it was hitting 100K.
I told them, you know, what is it, two summers ago, maybe when it was 60K.
And I was like, hey, buy Bitcoin, it's going to hit 100K.
They didn't do it.
and then it hit 100k. Now they're texting
me like, dude, why is Epstein
tanking the market from the grave?
You see what I mean? You see what I mean?
I knew it. I knew it.
This is just going to be the narrative now. It's going to be
Epstein. It's going to be something else. You can't
help these people, Brandon.
They're beyond it.
They deserve the underclass,
the permanent underclass,
the permy that's coming to them.
They deserve it.
Every single day, they make decisions to further
deserve it and there's me and you now that are trying to help them we're trying to say here's my
hand take my hand let me lift you out of the permanent underclass and you know what they do
they like try and reach for the hand and they touch the tops of our fingertips and then they're
like no i don't want that you know why because the matrix is good to me the system is good to me
and then they fight to defend the fucking system good
i mean at this point it just seems like yeah there is no no changing all of that but i want
to get back to to mstr and the treasury companies too because it seems like the narrative around
the treasury companies has just been like completely bearish uh on on everything even
even mstr so um you know what what how are you viewing you know these treasury companies and how
they're playing out especially with you know kind of the the volatility we saw in 2025
what did you think of uh sailor and danny's chat i'm curious i honestly yeah i mean i i mean you
know i see where danny was coming from because obviously you know it's it's bitcoin twitter
right they're essentially asking the same question but i agree with sailor at the end of the day
you know, if you're a company, you know, you should be holding Bitcoin on the balance sheet.
And we shouldn't be attacking these companies for holding Bitcoin on the balance sheet because
it's better than not. I mean, you know, holding a hard asset. And, you know, at the end of the day,
you should try to compare, you know, a company that makes refrigerators with a company that
makes refrigerators opposed to comparing that company to strategy who's been in Bitcoin for
for five or six years I mean what do you want them to do Compare all these companies to strategy who been buying Bitcoin since 2020 and has like 700 Obviously there not going to be any companies that are going to be able to catch sailor and strategy at this point
But it's better than not holding Bitcoin on the balance sheet.
And it just seems like everybody's punishing these treasury companies because they're buying Bitcoin when we're all on the same team.
And it's just cannibalism, in my opinion.
Yeah, I'm glad you have that perspective because I agree with you.
I took, I texted Danny and I thought, you know, I told him he did a fantastic job.
I also think Saylor did a fantastic job as well.
I like that there's violence.
I like it.
I like the contra, I like the aggression that Saylor had, right?
Because it's the truth.
Every company should be a Bitcoin company.
These companies have obviously created their business model to be Bitcoin companies.
And it's up to you to decide whether that's valuable to your portfolio or not.
Me personally, as I've said multiple times now, I got caught up in the treasury company drama over last summer.
And I was very honest by saying I'm allocating less than half a percent of my net worth into a various amount of these things.
Because, you know, I think strategy is just completely different to all of these things.
And I realized that that was me succumbing to not a perfect human, even though I act like a perfect human.
I'm not a perfect human.
So I gave in to my activity bias, Brandon.
And I put half a percent, which is now probably sitting at 0.1%.
And what's crazy about it is I got most of my net worth in Bitcoin and MSDR.
and I was spending most of my time thinking about the half a percent.
And then I have to look myself deep in my own eyes in the mirror
and ask myself why I'm being so retarded.
Yeah, I mean, this is dumb.
So forget about them as sell orders on all of them.
And whenever they hit those sell orders, they'll sell out
and I'll put it, roll it back into MSTR at that point.
But look, every company should hold Bitcoin, right?
If you enter a trade like you were born to do as a retail normie, you were born to do this.
You were born as a retail normie, Brandon.
They were born to do exactly what they did.
They were born to buy Bitcoin, the safest asset humanity has ever seen with absolute finality of scarcity.
They were born to buy that, feel really good about it, and then sell it.
Right. That's exactly what they were born to do. So they were they're living up to their to their purpose.
So they bought that Bitcoin. They held that Bitcoin.
And then they decided to sell it because they joined an X community full of bots.
And bots can be like computer bots or human bots. Right. We call them NPCs.
Yeah. And then they sold that Bitcoin and bought a treasury company for a 7XM net.
so they made a bad trade right and now their portfolio is down so now it's sailor's fault
or it's andrew's fault or it's simon's fault or it's dylan's fault or it's someone else's fault
this is what they're built to do brandon and then the my heroes though out of all of them my heroes
are the ones who bought you know who took a bitcoin sold it bought a treasury company at a
7xm nav right one of my absolute favorite things about bitcoin is meeting all of you in person so
mark your calendars for february 28th and come down to where i've called home for the past eight
years tampa florida the bitcoin bay foundation is putting on the sound money soiree it's the
third annual it's a night of bitcoin poker an open bar in a silent auction all support will go
to Bitcoin Bay, a nonprofit that is creating a circular economy down in Tampa Bay, Florida.
They're doing absolutely great things. And it's the Bitcoin community that I've called home
for such a long time. And these guys are absolutely crushing it. So please do anything
you can to support. Buy your tickets today. You can use promo code green candle to get 10%
off your sound money soiree tickets. So do you know anything about Bitcoin?
No. You guys can come down and see this ugly mug. Come boogie on the dance floor,
shake it and now that bitcoin's over 100k you can do it all with your girlfriends
all right on that for me let's get back to the show
and then it crashed 80 percent and brandon you know what they did brandon listen to me
these are my fucking heroes brandon they sold that shit 80 percent down and they bought silver at 80 bucks
these are my fucking heroes brandon i don't know what to say like
like just stay where you are forever when it's gonna learn i mean it's like what you said though
it's like everybody has that bias like i need to meddle with this you know i need to i need to get
my fingers wet and just uh you know type on the keyboard in this trade order and start moving
money and in reality just the simplest thing is just to hodl but i mean i i agree with you too
at the end of the day you know in that danny interview sailor was just basically i mean he
didn't outwardly say this but he was just essentially like what i was getting from him
was like all right you bought a company at like seven or eight xm nev that was a bad investment
like what do you like just take ownership in that at a certain set on it yeah sit on it like when i
when i you know my mstr journey was interesting but when i pivoted uh a lot back into mstr it was
at a 2xm nav so i just decided okay well i need to wait until they've accumulated twice the amount
of bitcoin and the price has doubled from this point yeah that's it you fucking sit there until
that happens so that's that's the issue with these people but the the the master straw i didn't expect
that there was going to be the treasury company SIOP and the fucking gold and silver SIOP.
The gold and silver SIOP was perfect.
Like if I was like a super ruling elite and I could move Bitcoin markets,
the gold and silver SIOP is amazing.
Think about it, right?
Because it fits the exact narrative of Bitcoin, right?
Bitcoin is actually better than gold and silver.
So when you suddenly go, no, no, the asset that you thought was now shit is now performing.
sell your fucking Bitcoin to me, people do it.
You put them straight into their amygdala
and they take the action that you want them to take
like the pheasants that they are.
I mean, at this point-
You don't even know what to say now, Brandon.
You don't even know what to say.
I'm lost for words, man, because, I mean, it is true.
You essentially saw that.
I mean, we saw it all play out too.
And the crazy thing is a lot of people came to Bitcoin kind of from that gold, silver bug.
Exactly.
That's why it was perfect.
It's visceral.
Yeah.
I mean, it just made them all question it, essentially.
Yes.
That's all you want to do, though.
Peter Schiff finally got his day.
I had dinner with Peter Schiff here in Dubai a few days before.
You know when all the conferences were going on here in Dubai?
Yeah.
and he was like super excited about gold and it going up and whatever and i told him like peter i
sold all of my gold because we know this we know similar people because i was in the gold space
so i sold all of my gold in 2020 because whoa you missed out on a 2x i was like yeah peter cry
myself to sleep every fucking night because i bought bitcoin at 5k like you're an idiot you
know so yeah like the bitcoin attacking bitcoin with gold and silver was such a like i wish that
there is actually this overlord in the markets that that did this that orchestrated this whole
thing because i warned everyone they're going to come at you with every tool in the box to shake
your confidence to lower your dopamine and you're going to fucking sell and guess what everyone did
sold. How come I don't get no credit for predicting that they were going to sell?
I've been saying this on videos for over two years now. I told them, like, as soon as the ETFs come
out, every weapon in the arsenal is going to come for your Bitcoin. Right? So they found your
degenerate side and got it out with your Bitcoin treasury companies. And just to add insult to
injury and make you lose absolute complete faith gold and silver started fucking rallying
is it because they try to try to financialize bitcoin in a sense
no because they just don't want these peasants with bitcoin
would you i don't i mean hey man everybody could everybody gets bitcoin at the price they deserve
right no no no no brandon no brandon no brandon everybody sells bitcoin at the price that they
deserve that's the truth that's the fucking truth i mean we're seeing it play out like
like never before right now no it's happened every fucking time brandon it's happened every time
2008 2008 was the best time after that period to buy property what did retail do fucking dump
their property straight into the hands of Blackstone.
To the point where the government is now coming out, your government is coming out now and
saying, we're going to put a ban on this because they own too much.
Yeah.
This happens every time.
They're so predictable, Brandon.
They're so predictable.
You just have to lose the empathy.
Well, give us some hope for you here.
Give us some hope for the future, British.
What do you mean?
Everyone who's holding Bitcoin, who heard the message.
I told you, there's going to be half a percent of people that hear the message.
There's going to be half a percent of people that understand what we're saying.
There's going to be half a percent of people that completely get it.
There's going to be half a percent of people that understand that it's a monetary network with absolute scarcity,
which means that the percentage of the network that you hold is what's important.
Not using it.
Not buying fucking empanadas with it.
Not buying coffees with it.
How much of it you hold is what's important.
There's going to be a percentage.
And I think that's around half a percent of the Bitcoin audience, right?
And those people are going to make it.
And their kids are going to be happy, right?
And their grandchildren are going to look them in the eyes and go, you did the right thing.
Think, fuck, you did that.
Because no matter what I do now, I can't do it.
Bitcoin's the only asset where if I fuck up, everyone in my bloodline pays for it, right?
My dad was in real estate, yeah?
And he learned his skills of real estate and whatever he was doing.
And if London had just gone, had run, run away from me, I could take those skills, learn those lessons, bring them to Dubai.
Like a lot of people did.
A lot of people brought their property skills to Dubai and have made fortunes with it.
Right?
Can't do that with Bitcoin.
It fucked.
Forever.
It's the forever fucked.
The forever underclass.
Well, it is the golden opportunity.
I mean, we did have Bitcoin under at, what, 120,000, but now it's, you know, 70,000 and it's your time to get, actually get to one Bitcoin.
No, they want to wait until it hits 58.
What, haven't you heard?
Have you not heard?
Is that the, yeah, we're going to keep on buying the dips.
We're going to just wait until it keeps going lower, right?
Keeps going down, yeah.
And then when it actually reverses, that's when I'll buy.
Yeah, exactly.
Because everybody can time the market.
You know, I mean, you get it.
You get it, British.
We're all traders here.
It's not the hoddle, right?
It's the trading event.
I know. Tell me about it.
Tell me about it.
In fact, you know what I want to happen, Brandon?
I want there to be a 50% tax on your Bitcoin profits.
This is the other style, right?
I want a 50% tax on your Bitcoin profits,
and I want absolutely opened Bitcoin lending markets.
because do you know how many
thick people that I see on like
X that are talking about the fact that
are celebrating the fact that a state in America
or a country in Europe
is allowing people to pay their taxes with Bitcoin?
Yeah, I mean, it's, hey,
I wouldn't be paying my taxes.
It's crazy.
They're retarded, Brandon.
They're retarded.
There's no hope for them.
They're going to take your fucking Bitcoin and you're celebrating the fact that there's another way for you to give it away.
I want a 50% tax on Bitcoin and I want absolutely open lending markets.
That's what I want.
There we go.
I mean, hey, it might be coming in certain jurisdictions, especially where you're from.
And I wouldn't doubt it if we see like Britain in the UK.
No, here you see people, you see people, yeah, the UK, yeah, for sure.
Which would be great for the UK, by the way.
They should make it absolutely easy for you to acquire Bitcoin.
Then they should put a 70% tax on selling your Bitcoin.
And then they should absolutely say, if you want to lend against your Bitcoin, we'll give you a discounted rate.
That's what actually should happen.
Yeah.
That's what should happen.
And that would strengthen UK capital markets.
And it would strengthen the purchase of Bitcoin amongst the elite.
And it would strengthen the United Kingdom.
But they don't want to do that.
It's like in Dubai, right?
In Dubai, there's no taxes.
So a lot of people feel more comfortable spending their Bitcoin because there's no taxes.
Yeah.
Right.
You really got to have an iron will to sit here and go, fuck you.
I'm not selling.
I'm not spending my Bitcoin.
Yeah, exactly.
Right.
So we need a 50% worldwide tax on Bitcoin and absolutely open lending markets.
That's what we need.
Well, who knows?
It might be coming soon.
But British, you've always been very generous with your time.
And you get me fired up, man.
Either way, hopefully we get through to that half a percent this time.
So why don't you tell people where they can find you and what else you got going on, man?
Don't even bother.
All right.
Don't follow British HODL.
Don't go watch any of his videos.
I've been five long years into this now, Brandon.
Let's keep the retards away from me, Brandon, please.
All right.
I'll try to not send it your way.
But thanks so much for coming on, big man.
My pleasure.
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