1
00:00:00,000 --> 00:00:02,340
Silver just went down 41% in a day.

2
00:00:03,300 --> 00:00:06,160
Silver, not Fartcoin.

3
00:00:06,800 --> 00:00:09,340
It's wild, you know, approaching a 50% correction.

4
00:00:10,160 --> 00:00:12,520
I don't think that we've topped out for the cycle.

5
00:00:12,880 --> 00:00:16,240
I still think that somewhere between the last harbing and the next harbing,

6
00:00:16,360 --> 00:00:18,680
we're going to 340 plus or minus 15%.

7
00:00:18,680 --> 00:00:22,740
We are going to get the biggest f***ing bull run

8
00:00:22,740 --> 00:00:26,160
that you've ever even thought of as soon as this liquidity starts.

9
00:00:26,340 --> 00:00:28,900
Everybody gets Bitcoin at the price they deserve, right?

10
00:00:28,900 --> 00:00:30,920
No, no, no, no, brother.

11
00:00:31,100 --> 00:00:31,640
No, brother.

12
00:00:32,120 --> 00:00:32,600
No, brother.

13
00:00:33,000 --> 00:00:36,180
Everybody sells at the price that they deserve.

14
00:00:36,940 --> 00:00:37,560
That's the truth.

15
00:00:45,340 --> 00:00:46,520
Bing bong.

16
00:00:46,640 --> 00:00:55,500
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.

17
00:00:56,020 --> 00:01:00,300
British, last time you were on, man, you told me we couldn't get to one Bitcoin anymore.

18
00:01:00,540 --> 00:01:01,600
It was impossible.

19
00:01:02,160 --> 00:01:03,800
Well, now we've crashed to 70,000.

20
00:01:04,040 --> 00:01:05,740
So is the answer still the same?

21
00:01:07,500 --> 00:01:09,980
Western brokies can now get to one Bitcoin.

22
00:01:11,080 --> 00:01:11,800
I know.

23
00:01:11,920 --> 00:01:15,960
I mean, with this craziness and the market volatility that we're seeing here,

24
00:01:16,020 --> 00:01:19,700
especially in the gold and silver markets, how are you looking at everything?

25
00:01:19,700 --> 00:01:23,060
I mean, it's been a rocky start to say the least of 2026.

26
00:01:23,060 --> 00:01:30,300
so uh you know how are you viewing just the overall markets right now it's kind of it's it's

27
00:01:30,300 --> 00:01:36,040
it's interestingly confusing right like because what's happened is gold and silver were rocketing

28
00:01:36,040 --> 00:01:41,900
up so bitcoin was acting like a risk on asset and now gold and silver are going down and bitcoin's

29
00:01:41,900 --> 00:01:48,400
acting like a risk off asset so it's like how do you uh you know how do you take this so the only

30
00:01:48,400 --> 00:01:56,340
way that i can take this is to look at it and go there is accumulation happening there are weak

31
00:01:56,340 --> 00:02:02,460
hands that you know as i like to call them the sissies that need need to be flushed out and

32
00:02:02,460 --> 00:02:09,420
they're being flushed out i mean this is a 50 you know approaching a 50 correction it's wild i didn't

33
00:02:09,420 --> 00:02:16,640
expect this to to be a 50 correction in the mid curve i i don't think that we've topped out for

34
00:02:16,640 --> 00:02:21,200
the cycle. But again, here we are. It's just one of those things you got to deal with. You know,

35
00:02:21,220 --> 00:02:26,060
at the end of the day, like we can all make price predictions, but it depends on what we're going

36
00:02:26,060 --> 00:02:33,200
to do with those price predictions, right? Like, so for me, I'm not trading it. I don't know how

37
00:02:33,200 --> 00:02:38,020
to be in the market only for the 10 days of the year that Bitcoin makes all of its moves. I don't

38
00:02:38,020 --> 00:02:43,140
know how to do that. So I don't trade it. But, you know, I still think that somewhere between the

39
00:02:43,140 --> 00:02:49,700
last halving and the next halving we're going to 340 plus or minus 15 percent yeah i mean i i that's

40
00:02:49,700 --> 00:02:55,100
a i mean that's a bold call and i like it man but um you know with the the short-term volatility

41
00:02:55,100 --> 00:03:01,480
that we're seeing right now um you know why do you think that everybody's kind of i guess going

42
00:03:01,480 --> 00:03:06,400
into these precious metals market uh you know especially like the silver market i think is kind

43
00:03:06,400 --> 00:03:10,000
of the most interesting because everybody's saying that is there is some sort of like physical

44
00:03:10,000 --> 00:03:17,540
shortage there do you foresee what what physical shortage when the shit can drop 41 in a day

45
00:03:17,540 --> 00:03:23,100
where's your so this is the problem with doom and gloom boomers right doom and gloom bloomers

46
00:03:23,100 --> 00:03:27,680
doom and gloom boomers come out with these narratives and everything's a new narrative

47
00:03:27,680 --> 00:03:34,300
every so the first one was paper bitcoin right paper bitcoin paper bitcoin paper bitcoin turns

48
00:03:34,300 --> 00:03:39,740
out people were just selling okay that's how a market works next they flipped over to golden

49
00:03:39,740 --> 00:03:45,180
there was a strategic shortage, strategic absolute shortage. There's a shortage in the markets. Look

50
00:03:45,180 --> 00:03:48,960
at the difference between the spot price and the paper price and the CME and da, da, da, da.

51
00:03:48,960 --> 00:03:56,940
The shit drops 41%. So what happened? All that strategic structural demand just disappeared. 41%

52
00:03:56,940 --> 00:04:02,840
of it just disappeared overnight. So clearly it was just a concentrated trade that was going on.

53
00:04:03,200 --> 00:04:09,600
And it's kind of a signal metals kind of rally when you're ending a business cycle.

54
00:04:09,740 --> 00:04:26,680
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.

55
00:04:26,680 --> 00:04:34,660
so it's like a turning signal and as a result of of that the metals you know i think are are

56
00:04:34,660 --> 00:04:42,040
basically cooked at this point i think gold and silver is uh is is done here and uh and and we'll

57
00:04:42,040 --> 00:04:46,980
see i don't know i you know like yesterday we're up 10 now they're down of another 15 so we got

58
00:04:46,980 --> 00:04:53,260
dead cats bouncing all over the place in gold and silver and bitcoin's also taking a write down i

59
00:04:53,260 --> 00:04:59,380
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.

60
00:04:59,800 --> 00:05:03,460
The Nasdaq's kind of flat. It's down 1% right now, but it has been kind of flat.

61
00:05:04,360 --> 00:05:09,340
It's a very, very interesting, interesting market here.

62
00:05:10,200 --> 00:05:13,860
Certainly, MSTR has taken the brunt of Bitcoin's downside bull.

63
00:05:14,360 --> 00:05:17,820
If MSTR wasn't there, I think Bitcoin will be down 60, 70% at this point.

64
00:05:17,820 --> 00:05:24,440
but it's not you know and we'll see whether we bounce from here or not or whether we're going

65
00:05:24,440 --> 00:05:30,200
to go and hit the 200 week moving average you know before uh before running up again i don't know

66
00:05:30,200 --> 00:05:35,880
it's certainly interesting but now's not the time to get bearish right at 120 if you were bearish

67
00:05:35,880 --> 00:05:39,860
getting bearish at 120 was the time to get bearish you get bearish now you're just an idiot

68
00:05:39,860 --> 00:05:47,440
i love it but you you mentioned mstr uh you know obviously there's there was a little bit of a

69
00:05:47,440 --> 00:05:51,080
a rocky path for both MSTR and Bitcoin last year.

70
00:05:51,500 --> 00:05:53,800
I mean, the gold bugs finally had their year, right?

71
00:05:53,880 --> 00:05:57,480
I mean, in 25, they ended up positive

72
00:05:57,480 --> 00:06:01,740
while Bitcoin and MSTR kind of ended up in the dumps.

73
00:06:02,040 --> 00:06:06,240
But how did you view 2025 as like an overall year?

74
00:06:06,360 --> 00:06:07,880
Did you view it as a success?

75
00:06:08,060 --> 00:06:10,880
Because I mean, I don't know if you saw the clips of Sailor

76
00:06:10,880 --> 00:06:12,300
on what Bitcoin did,

77
00:06:12,300 --> 00:06:14,820
but I thought it was very interesting his take

78
00:06:14,820 --> 00:06:17,140
on the Bitcoin treasury companies

79
00:06:17,140 --> 00:06:19,800
as well as just how Bitcoin performed in 25?

80
00:06:21,940 --> 00:06:28,500
2025 was a narrative hit it out the park here, right?

81
00:06:28,640 --> 00:06:31,140
It was a narrative utter win.

82
00:06:31,540 --> 00:06:34,120
It was a narrative, you know,

83
00:06:34,180 --> 00:06:35,860
just a cracker of a year,

84
00:06:35,960 --> 00:06:36,840
a year better of a year,

85
00:06:36,840 --> 00:06:40,020
better a year than we could have expected narrative-wise.

86
00:06:41,520 --> 00:06:42,960
Price-wise, shit.

87
00:06:42,960 --> 00:06:49,360
right price wise it was shit but at the same time you know we didn't get any liquidity in

88
00:06:49,360 --> 00:06:56,260
we had the trump administration that realized it's got to get a lot of volatile things done

89
00:06:56,260 --> 00:07:02,100
and they wanted to kind of get it done in in the first term i mean in the first year of of this

90
00:07:02,100 --> 00:07:06,920
term and so that's what they pursued they pursued getting everything done and that caused volatility

91
00:07:06,920 --> 00:07:11,200
in the markets and uh and uncertainty in the markets and the markets hate uncertainty

92
00:07:11,200 --> 00:07:20,360
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.

93
00:07:20,440 --> 00:07:23,900
And the reason why that's good is because it causes a logjam.

94
00:07:24,900 --> 00:07:27,360
And the logjam provides certainty to market.

95
00:07:27,660 --> 00:07:32,660
So and it's not just me saying that, like you can go and look that up yourself.

96
00:07:32,660 --> 00:07:40,700
and President Trump knows that and Secretary of Perset knows that and everyone in the cabinet

97
00:07:40,700 --> 00:07:47,280
knows that. And so the good thing about them knowing that is that there's only one way that

98
00:07:47,280 --> 00:07:54,100
they can win. And that is by printing as much money as they can and pumping up the economy and

99
00:07:54,100 --> 00:08:00,080
pumping up the stock market. That's it. That is the only way that they can win because historically

100
00:08:00,080 --> 00:08:02,480
it's supposed to flip to the Democrats.

101
00:08:02,960 --> 00:08:04,700
So if they want a chance in hell of winning,

102
00:08:04,800 --> 00:08:06,340
they've got to print as much money as they can,

103
00:08:06,520 --> 00:08:09,160
and that should be good for Bitcoin this year.

104
00:08:10,240 --> 00:08:10,680
Yeah.

105
00:08:11,220 --> 00:08:13,400
Well, what do you think of the new,

106
00:08:13,400 --> 00:08:14,680
because, I mean, obviously,

107
00:08:14,900 --> 00:08:18,780
Trump essentially has been yelling at Jerome Powell publicly.

108
00:08:19,000 --> 00:08:21,040
I mean, calling him too slow Powell,

109
00:08:21,180 --> 00:08:23,840
going at his neck essentially any chance he can get.

110
00:08:24,380 --> 00:08:25,720
And now it's Kevin Warsh,

111
00:08:25,820 --> 00:08:28,940
who historically was actually kind of hawkish.

112
00:08:28,940 --> 00:08:34,040
He was not like one to really, you know, I guess cut cut interest rates.

113
00:08:34,080 --> 00:08:40,280
He was always trying to battle inflation previously before, you know, really just flooding the market with liquidity.

114
00:08:40,540 --> 00:08:43,000
But recently he started to side with Trump.

115
00:08:43,100 --> 00:08:45,660
How do you think that this is going to affect the markets?

116
00:08:45,660 --> 00:08:54,580
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.

117
00:08:55,140 --> 00:09:00,740
So how did you read that the market's reaction and what do you think is going to happen with the new Fed chair?

118
00:09:01,740 --> 00:09:03,260
Yeah, he certainly washes.

119
00:09:03,540 --> 00:09:04,360
You know, it's funny.

120
00:09:04,440 --> 00:09:08,400
I put a tweet out after the last Fed conference.

121
00:09:09,060 --> 00:09:21,160
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.

122
00:09:21,160 --> 00:09:25,660
and the next day i was like okay i'm gonna make a video on this because i think this is quite

123
00:09:25,660 --> 00:09:30,080
important and by the time i woke up there was an announcement from the trump administration saying

124
00:09:30,080 --> 00:09:35,480
yeah we're announcing someone new and that's because the narrative was important enough

125
00:09:35,480 --> 00:09:41,100
the trump presidency is based on on narrative heavily based on narrative most presidencies are

126
00:09:41,100 --> 00:09:47,260
but particularly this one and so powell basically ran out his his course and they needed to

127
00:09:47,260 --> 00:09:53,060
to do something. And so now they've picked Warsh, who's not the most dovish or hasn't been.

128
00:09:53,520 --> 00:10:01,000
But if you think that these candidates got through secretary percent and then the president

129
00:10:01,000 --> 00:10:05,880
and they didn't sit down and this is how the interview went. OK, this is Brandon. This is

130
00:10:05,880 --> 00:10:11,420
how the interview went. Right. Imagine you're imagine you're the Fed chair. Right. The candidate.

131
00:10:12,120 --> 00:10:16,980
Right. You come into the room. Right. And I'm going to be the Treasury secretary and the president

132
00:10:16,980 --> 00:10:23,000
in one okay i'm gonna say okay cool so you agree that we should be uh lowering rates and printing

133
00:10:23,000 --> 00:10:29,240
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

134
00:10:29,240 --> 00:10:33,480
you come back next week let's reschedule this for next week and then let's see what's happened to

135
00:10:33,480 --> 00:10:37,740
your opinion next week so now you go home you're like what the fuck just happened i just got kicked

136
00:10:37,740 --> 00:10:42,440
out but they rescheduled it for next week so then you come back next week and we're like so brandon

137
00:10:42,440 --> 00:10:53,840
like you are dovish on printing money and lowering rates right and you're like yes sir however like

138
00:10:53,840 --> 00:10:59,860
and then percent's like brandon you're a fantastic person brandon we're gonna have to reschedule this

139
00:10:59,860 --> 00:11:03,340
for next week so now next week you start three weeks later and you're coming back like what the

140
00:11:03,340 --> 00:11:08,320
fuck is going on here and then they're like so how do you feel about lowering interest rates and

141
00:11:08,320 --> 00:11:12,940
printing as much money as possible this year and then you're like i want to print as much money as

142
00:11:12,940 --> 00:11:18,220
possible and i'm going to lower the rates as much as i can you got the job if you don't think that

143
00:11:18,220 --> 00:11:27,660
that's what happened come on i mean hey i'm with you i i personally thought that but it was just

144
00:11:27,660 --> 00:11:32,400
interesting how the market kind of reacted to it with um you know the market essentially just

145
00:11:32,400 --> 00:11:37,840
tanking and that's where i think like you know everybody was looking to maybe his past opposed

146
00:11:37,840 --> 00:11:43,280
to just what he'd been saying like fairly recently how he he's even been coming out to powell and

147
00:11:43,280 --> 00:11:49,300
saying powell moved too slowly so i mean me personally it made a lot of sense um you know

148
00:11:49,300 --> 00:11:54,400
just kind of seeing this obviously he wants to fight inflation but um i don't know i guess it's

149
00:11:54,400 --> 00:12:00,560
one of those things where maybe the the market uh and knew that everybody was anticipating a fed

150
00:12:00,560 --> 00:12:05,600
chair that was going to cut a bunch of venture or cut the interest rates and so they got a guy who

151
00:12:05,600 --> 00:12:12,300
had a hint of hawkishness and uh you know so they they dumped on the market and and maybe that's the

152
00:12:12,300 --> 00:12:17,880
case i'm not there is there is also by the rumor sell the news right so you've got that trade trade

153
00:12:17,880 --> 00:12:23,820
going on as well so you know there's a lot of a lot of different facets to a to a market and at

154
00:12:23,820 --> 00:12:30,240
this point you know i i wouldn't he might also be a fall guy right like trump knows that you know at

155
00:12:30,240 --> 00:12:34,200
the end of the day these guys are going to try and put as much friction as possible in his way

156
00:12:34,200 --> 00:12:40,600
so why not announce a fall guy make everyone attack him you know while you prepare behind

157
00:12:40,600 --> 00:12:45,540
the scenes the real candidate that can emerge by the time you get to confirmation i don't know like

158
00:12:45,540 --> 00:12:50,840
maybe that's what's going on all i do know is that these guys are really good at maintaining

159
00:12:50,840 --> 00:12:57,020
volatility right trump and percent have been fantastic at maintaining volatility so we'll see

160
00:12:57,020 --> 00:13:02,060
you know we'll see what we'll see what happens here but wars certainly well he certainly wasn't

161
00:13:02,060 --> 00:13:08,540
my first pick if i was if i was doing it so there must be something going on yeah i wouldn't doubt

162
00:13:08,540 --> 00:13:13,580
that um but i think you know with with the volatility i think something that trump uh just

163
00:13:13,580 --> 00:13:19,660
intuitively knows is that you know people look at the markets to determine how the economy is doing

164
00:13:19,660 --> 00:13:23,980
and obviously we've got bitcoin down crashing we're actually while while we're on this call

165
00:13:23,980 --> 00:13:30,620
uh right now it's uh it's crashed below 70 000 british so so we might be done are we are we

166
00:13:30,620 --> 00:13:37,600
are we packing it up and going home or what what's the deal yeah is it over it's over bro

167
00:13:37,600 --> 00:13:43,440
it was over it was over last year really like we should have just known it was over last year

168
00:13:43,440 --> 00:13:49,660
nobody's searching for bitcoin retail doesn't give a fuck retail is out here trading meme coins

169
00:13:49,660 --> 00:13:56,740
retail is out here trading gold and silver retail is out here trading you know ai stocks retail

170
00:13:56,740 --> 00:14:01,580
doesn't care the people that you know you have recorded and put so much effort and heart and

171
00:14:01,580 --> 00:14:08,000
emotion into recording this podcast for don't give a fuck same thing with me not they don't

172
00:14:08,000 --> 00:14:13,200
care about my videos they don't care about my message they just want to get rich tomorrow

173
00:14:13,200 --> 00:14:19,400
and that's it because that's all the hope they have that's the world that we live in brandon

174
00:14:19,400 --> 00:14:25,640
hey trust me man i i i see it it's it's uh it's interesting because i mean even walking around

175
00:14:25,640 --> 00:14:27,380
and they're always like, all right, what's the next Bitcoin?

176
00:14:27,500 --> 00:14:28,940
I can't get to one full Bitcoin.

177
00:14:29,620 --> 00:14:32,640
And that's obviously been your message for quite some time.

178
00:14:32,880 --> 00:14:38,160
But with this and the amount of buy pressure that we're now having,

179
00:14:38,400 --> 00:14:39,440
you brought up MSTR.

180
00:14:39,800 --> 00:14:41,480
I want to dive into that.

181
00:14:42,160 --> 00:14:45,420
Let's dive into some of the mechanisms that Saylor's using here

182
00:14:45,420 --> 00:14:47,460
because I think it is really interesting,

183
00:14:47,580 --> 00:14:49,820
all the different products that he's starting to roll out.

184
00:14:50,060 --> 00:14:54,400
And in this bear market, his ability to raise a bunch of money,

185
00:14:54,400 --> 00:15:00,660
uh you know seemingly every single week and i think he had his third biggest buy ever maybe like

186
00:15:00,660 --> 00:15:07,460
two or three weeks ago now at this point um so how does he how does he keep doing doing it when uh

187
00:15:07,460 --> 00:15:13,380
and is there a potential that he's now that he's like maybe underwater for his uh strike prices

188
00:15:13,380 --> 00:15:30,390
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

189
00:15:30,390 --> 00:15:34,970
is that Michael Saylor no longer needs to show up to a single Bitcoin podcast

190
00:15:34,970 --> 00:15:37,090
or a single Bitcoin event.

191
00:15:37,750 --> 00:15:38,670
You know why?

192
00:15:39,130 --> 00:15:41,690
Because when that happens and the stock is going up,

193
00:15:42,030 --> 00:15:44,270
that means that institutions are in.

194
00:15:45,890 --> 00:15:46,370
Right?

195
00:15:46,430 --> 00:15:50,910
that's what i'm looking for there's a reason why michael salo is putting in all the effort

196
00:15:50,910 --> 00:15:56,910
talking to sovereign wealth funds talking to all the banks talking to everyone um and you know the

197
00:15:56,910 --> 00:16:00,670
reason is very simple it is that's where the capital is retail doesn't have the capital

198
00:16:00,670 --> 00:16:05,950
anymore retail has the opinions they don't have the capital they're poor they don't get it they

199
00:16:05,950 --> 00:16:11,390
want to gamble and mstr is not a gamble it's a fixed income product it's not a gamble it's not

200
00:16:11,390 --> 00:16:16,950
going to go up, you know, 700% in two minutes. Like that's not what it's designed for. It's

201
00:16:16,950 --> 00:16:21,410
designed as a fixed income product. And so, you know, you've got to talk to different people from

202
00:16:21,410 --> 00:16:28,190
that perspective. And Sailor, why would you waste all this time talking to retail until, unless you

203
00:16:28,190 --> 00:16:32,810
were building a base of a message, right? And you've built the base of the message now, and now

204
00:16:32,810 --> 00:16:38,890
it's time to evolve and get it in the hands of the institutional capital and the $140 trillion fixed

205
00:16:38,890 --> 00:16:45,930
income market. Yeah. And he's also mentioned the $200 trillion credit market and the $300 trillion

206
00:16:45,930 --> 00:16:51,390
bond market too. So, I mean, obviously these aren't small numbers by any means. And he's been

207
00:16:51,390 --> 00:16:56,830
talking to a lot of the sovereign wealth funds and the big money managers. But with this,

208
00:16:56,870 --> 00:17:03,430
it seems like everything is so bullish for the outlook going forward. What are you seeing in

209
00:17:03,430 --> 00:17:08,270
the market? Is it just like a general whale sell-off? Is it because retail is just too afraid?

210
00:17:08,270 --> 00:17:11,130
Why are we having such a giant price price?

211
00:17:11,130 --> 00:17:11,770
Institutions are buying.

212
00:17:12,190 --> 00:17:13,130
Institutions are buying.

213
00:17:13,310 --> 00:17:13,990
Like, this is the one thing.

214
00:17:14,070 --> 00:17:26,010
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.

215
00:17:27,070 --> 00:17:27,830
Think about it.

216
00:17:28,290 --> 00:17:31,910
94% huddled through this whole thing, right?

217
00:17:32,030 --> 00:17:33,290
That's massive, right?

218
00:17:33,290 --> 00:17:35,530
And people don't really understand how institutional.

219
00:17:35,530 --> 00:17:47,050
institutional retail retail right and you retail we buy shit and then want to tell everyone about it

220
00:17:47,050 --> 00:17:53,910
right institutions don't do that institutions sit there wait until the price comes to them and then

221
00:17:53,910 --> 00:17:57,530
they acquire it and then they move on to the next thing because it's not a magical thing that they

222
00:17:57,530 --> 00:18:03,690
just did you and i want to be right about bitcoin institution realizes they just got to get you know

223
00:18:03,690 --> 00:18:12,370
a 25% CAGR and they're doing better than anything that could have happened. So institutions buy

224
00:18:12,370 --> 00:18:16,570
differently. They signal differently. They don't have opinions. They have signal. They have

225
00:18:16,570 --> 00:18:21,430
absorption. We are dealing with a market where Bitcoin is being absorbed. It's not being chased.

226
00:18:21,510 --> 00:18:25,210
And that's what's different to the average retail Bitcoiner who's sitting there going,

227
00:18:25,290 --> 00:18:30,230
there's no interest. It's like, listen, motherfucker. Every time Bitcoin goes down

228
00:18:30,230 --> 00:18:31,670
a little bit, it's being bought up.

229
00:18:33,090 --> 00:18:34,290
What are you talking about?

230
00:18:35,490 --> 00:18:35,750
You know?

231
00:18:36,050 --> 00:18:38,050
And so, yeah, you see moments like this

232
00:18:38,050 --> 00:18:40,410
where buy orders lift off and then you've got

233
00:18:40,410 --> 00:18:41,950
massive crashes coming in the market.

234
00:18:42,250 --> 00:18:44,230
It's always going to happen. There's always going to be

235
00:18:44,230 --> 00:18:46,010
games being played in the market

236
00:18:46,010 --> 00:18:47,610
from big players.

237
00:18:47,610 --> 00:18:49,550
But the fact that we're not sitting at

238
00:18:49,550 --> 00:18:51,110
50,000 by now,

239
00:18:52,330 --> 00:18:53,670
silver just went down

240
00:18:53,670 --> 00:18:55,090
41% in a day.

241
00:18:57,290 --> 00:18:57,850
Silver.

242
00:18:59,550 --> 00:19:00,110
Not

243
00:19:00,110 --> 00:19:09,590
fart coin silver just went down 41 in the day and it's taken bitcoin five months to do that

244
00:19:09,590 --> 00:19:16,110
think about it this has become a different asset now it's a different animal and and retail doesn't

245
00:19:16,110 --> 00:19:22,150
understand this and then you go on x and x is filled with a combination of morons and bots

246
00:19:22,150 --> 00:19:30,390
so now if you can't even rely on x to give you any information right so what do you do

247
00:19:30,390 --> 00:19:36,730
you sell your bitcoin and you go and trade meme stocks or you go buy gold and silver or you go

248
00:19:36,730 --> 00:19:43,010
buy bitcoin treasury companies or you because you don't have the brain capacity it takes like

249
00:19:43,010 --> 00:19:48,410
an institution does to just buy and hold forever that's the secret that's always been the secret

250
00:19:48,410 --> 00:19:55,130
There's never another secret. You buy the scarce thing and you hold it forever. And if the

251
00:19:55,130 --> 00:19:58,990
administration was turning around and saying, you know what, we've kind of changed our opinion on

252
00:19:58,990 --> 00:20:03,630
Bitcoin, I would understand people shitting themselves. But what did they do just yesterday?

253
00:20:04,810 --> 00:20:08,350
The vice president and the treasury secretary both went out and said,

254
00:20:08,710 --> 00:20:12,650
Bitcoin is a very important asset. We want everyone to know that Bitcoin is super important.

255
00:20:12,650 --> 00:20:14,270
Why would they do that?

256
00:20:14,270 --> 00:20:22,130
because they because they want to bring confidence back in the market i would say 100

257
00:20:22,130 --> 00:20:28,990
absolutely but retail doesn't see that because retail looks at price and they look at price

258
00:20:28,990 --> 00:20:34,590
thinking that they are going to see signal but price is the weakest way to see signal

259
00:20:34,590 --> 00:20:41,290
institutions don't see signal in price price is the last effect after you've taken all the actions

260
00:20:41,290 --> 00:20:46,250
and you made all the decisions, price then happens. That's how institutions see things.

261
00:20:46,790 --> 00:20:51,590
What if I told you you never had to sell your Bitcoin? Instead, you can borrow against it with

262
00:20:51,590 --> 00:20:56,630
SALT lending. Why give up your hard-earned Bitcoin when you can unlock its value without

263
00:20:56,630 --> 00:21:03,210
letting it go? With SALT, you get secure Bitcoin collateralized loans with no credit checks,

264
00:21:03,530 --> 00:21:10,130
no prepayment fees, and best of all, no rehypopulation. SALT has had zero customer

265
00:21:10,130 --> 00:21:15,570
collateral losses since it launched. Salt was the first platform to offer Bitcoin collateralized

266
00:21:15,570 --> 00:21:23,250
loans starting way back in 2016. Today they offer tailored options for both individuals and businesses.

267
00:21:23,250 --> 00:21:29,890
And now introducing Salt Shield, the no liquidation solution. No forced liquidations during the

268
00:21:29,890 --> 00:21:35,170
lifetime of your loan when you're enrolled with Salt Shield. This just launched at the Bitcoin

269
00:21:35,170 --> 00:21:41,810
conference in Las Vegas, and it is next level peace of mind. For green candle listeners only,

270
00:21:42,070 --> 00:21:48,950
head to saltlending.com slash green dash candle for this exclusive offer for your Bitcoin

271
00:21:48,950 --> 00:21:55,690
collateralized loan. You can get cash for your Bitcoin today. Salt Lending, secure, trusted,

272
00:21:56,050 --> 00:22:01,890
proven. Retail looks at price first and says the price went up, so this is going to happen,

273
00:22:01,890 --> 00:22:05,670
But they miss it because the price went up because all of these things happened.

274
00:22:06,350 --> 00:22:07,370
That's the difference.

275
00:22:07,990 --> 00:22:09,230
Yeah, it was interesting.

276
00:22:09,350 --> 00:22:11,930
I was actually doing some digging last time.

277
00:22:12,470 --> 00:22:14,750
We had the dip below 100,000.

278
00:22:15,470 --> 00:22:22,330
And it was like, you know, the institutions, the number of institutions with 1,000 Bitcoin was literally parabolic when we went down.

279
00:22:22,510 --> 00:22:26,870
And the number of wallets with like 0.1 Bitcoin or more went down.

280
00:22:26,870 --> 00:22:34,370
So that means, you know, obviously that all the retail with just, you know, 10 million sats was essentially just selling off.

281
00:22:34,630 --> 00:22:36,210
And so it's exactly like you're saying.

282
00:22:36,590 --> 00:22:36,950
Hey, good.

283
00:22:37,710 --> 00:22:38,030
Good.

284
00:22:38,290 --> 00:22:38,950
Fuck them.

285
00:22:41,670 --> 00:22:42,750
I mean, that's crazy.

286
00:22:42,970 --> 00:22:44,450
They keep doing the same thing over and over again.

287
00:22:44,630 --> 00:22:46,610
They keep doing the same shit over and over again.

288
00:22:46,750 --> 00:22:49,690
At some point, you just got to say stay poor.

289
00:22:50,770 --> 00:22:53,710
They keep doing the same shit over and over again.

290
00:22:53,710 --> 00:23:00,170
And by the way, Bitcoin is the only asset where they've actually equalized in history.

291
00:23:00,870 --> 00:23:02,510
You don't, you didn't equalize with real estate.

292
00:23:02,630 --> 00:23:03,530
You didn't equalize with gold.

293
00:23:03,730 --> 00:23:07,630
Still to this day, if you want to buy a one grand bar of gold, because that's your, that's

294
00:23:07,630 --> 00:23:12,430
all you can afford, you're now paying 30% premiums for that one, one grand bar of gold,

295
00:23:12,630 --> 00:23:13,490
right?

296
00:23:13,590 --> 00:23:16,070
Over the gold, over the price that I would buy if I'm buying a brick.

297
00:23:17,430 --> 00:23:20,110
And you want to fuck that asset by selling it?

298
00:23:20,690 --> 00:23:21,450
Go for it.

299
00:23:21,870 --> 00:23:22,450
Sell it.

300
00:23:22,450 --> 00:23:33,190
set in fact shorted yeah i mean it it's it's it's getting a little crazy out there though i mean

301
00:23:33,190 --> 00:23:38,210
when you not really not really not really not really at all it's not getting crazy this is a

302
00:23:38,210 --> 00:23:46,110
repeating pattern i am a pattern recognizer that sometimes has delusional hope

303
00:23:46,110 --> 00:23:54,210
that's who i am i am a pattern recognizer and i realized this in real estate and i realized it

304
00:23:54,210 --> 00:23:59,490
again in equities and i realized it again in gold and silver and for some fucking reason

305
00:23:59,490 --> 00:24:04,890
i have delusional hope and i'm having to relearn this again in bitcoin

306
00:24:04,890 --> 00:24:14,190
why do you think that is because people are idiots brandon they're idiots they don't want

307
00:24:14,190 --> 00:24:21,070
to be rich, Brandon. They want the journey of getting rich. They don't want to be rich.

308
00:24:21,490 --> 00:24:27,390
They don't want to be fabulously wealthy, Brandon. They don't want it. All they want is to look like

309
00:24:27,390 --> 00:24:33,310
they're doing it. That's it. They want to look like they're actually progressing, but they don't

310
00:24:33,310 --> 00:24:38,070
want to actually progress because they would lose all of their friends. They would lose all of their

311
00:24:38,070 --> 00:24:40,170
family, they would lose everything

312
00:24:40,170 --> 00:24:41,550
if they actually made it.

313
00:24:42,050 --> 00:24:43,590
If they held the Bitcoin

314
00:24:43,590 --> 00:24:46,050
and Bitcoin goes to $10 million a coin,

315
00:24:46,890 --> 00:24:47,710
they are fucked.

316
00:24:47,710 --> 00:24:50,130
Their reality of who they are,

317
00:24:50,530 --> 00:24:51,390
a peasant,

318
00:24:51,970 --> 00:24:53,430
is fucked.

319
00:24:54,230 --> 00:24:55,570
And most people don't like

320
00:24:55,570 --> 00:24:57,470
breaking their reality of who they are.

321
00:24:59,890 --> 00:25:03,450
So is it just a mental barrier

322
00:25:03,450 --> 00:25:06,190
then when we see this market volatility then?

323
00:25:06,190 --> 00:25:09,710
I mean, because we had the hodl meme.

324
00:25:10,070 --> 00:25:11,390
I mean, that's your name, man.

325
00:25:11,530 --> 00:25:13,090
We got the British hodls.

326
00:25:13,150 --> 00:25:14,310
We got the American hodls.

327
00:25:14,490 --> 00:25:16,350
And it's just nobody listens to the meme.

328
00:25:16,430 --> 00:25:17,770
I mean, it's the oldest meme in Bitcoin.

329
00:25:18,750 --> 00:25:19,430
Nobody cares.

330
00:25:19,550 --> 00:25:22,410
You know what's so funny is so many studies have been done on wealth, right?

331
00:25:22,430 --> 00:25:24,170
And then they redistribute the wealth in these studies.

332
00:25:24,470 --> 00:25:32,350
And then it basically ends up exactly the same number of people with wealth, you know, new as it was before.

333
00:25:32,350 --> 00:25:37,770
And it's like, when do we admit that that's the human condition?

334
00:25:38,750 --> 00:25:42,570
Well, it's funny you say that because I've done a couple of videos on this because like

335
00:25:42,570 --> 00:25:46,950
the wealth distribution in Bitcoin is very similar.

336
00:25:47,330 --> 00:25:51,870
You know, if you look at the wallet concentration, it's very similar to just wealth distribution

337
00:25:51,870 --> 00:25:52,790
in the fiat world.

338
00:25:52,890 --> 00:25:57,010
But the narrative around Bitcoin is that it's, you know, the people's money and that everybody's

339
00:25:57,010 --> 00:25:58,630
going to be, you know, buying.

340
00:25:58,630 --> 00:26:03,530
It's going to be the, you know, the peasant's way to get rich and everything like that.

341
00:26:03,590 --> 00:26:07,050
But, you know, it's just human behavior just continuing to play out.

342
00:26:07,770 --> 00:26:08,250
Absolutely.

343
00:26:09,170 --> 00:26:10,750
Nothing's ever going to change, Brandon.

344
00:26:11,210 --> 00:26:13,690
It's the same shit over and over again.

345
00:26:14,170 --> 00:26:18,290
It's new faces, new ideas, but it's the same percentages.

346
00:26:19,490 --> 00:26:19,690
Yeah.

347
00:26:19,890 --> 00:26:20,650
So, all right.

348
00:26:20,670 --> 00:26:22,710
So then how do we fix this problem?

349
00:26:22,930 --> 00:26:24,170
Or is there a fix?

350
00:26:24,590 --> 00:26:26,750
We don't fix the problem, Brandon.

351
00:26:26,750 --> 00:26:29,730
we don't fix the problem, Brandon.

352
00:26:30,030 --> 00:26:30,710
We don't.

353
00:26:30,830 --> 00:26:32,050
There is no fixing the problem.

354
00:26:32,790 --> 00:26:34,130
There is no fixing the problem.

355
00:26:34,430 --> 00:26:35,990
The people that are going to listen

356
00:26:35,990 --> 00:26:37,070
have already listened.

357
00:26:38,910 --> 00:26:39,570
That's it.

358
00:26:41,270 --> 00:26:43,110
You have to come to terms with

359
00:26:43,110 --> 00:26:44,950
the fact that the success rate

360
00:26:44,950 --> 00:26:45,830
on your videos

361
00:26:45,830 --> 00:26:48,350
in terms of people actually buying Bitcoin

362
00:26:48,350 --> 00:26:48,850
and holding it

363
00:26:48,850 --> 00:26:50,150
is going to be like half a percent.

364
00:26:51,210 --> 00:26:51,910
That's it.

365
00:26:53,330 --> 00:26:54,030
That's it.

366
00:26:54,030 --> 00:26:56,110
And, you know, look.

367
00:26:56,750 --> 00:27:00,410
I think Bitcoiners kind of understand this.

368
00:27:00,470 --> 00:27:03,930
That's why a lot of young Bitcoiners spend their time talking to fucking, you know,

369
00:27:04,110 --> 00:27:08,390
empanada stand people trying to teach them how to accept Bitcoin.

370
00:27:09,050 --> 00:27:11,910
Because why would you bother talking to people with money?

371
00:27:11,910 --> 00:27:14,890
Because you know that on some level, you know that they're going to fuck up.

372
00:27:14,970 --> 00:27:18,930
So you kind of have this hope and this pull that if you teach the person that's, you know,

373
00:27:18,970 --> 00:27:24,210
making empanadas in South America how to accept Bitcoin, you're actually doing something for the world.

374
00:27:24,210 --> 00:27:26,690
except they fucking sell the Bitcoin

375
00:27:26,690 --> 00:27:28,250
and convert it to US dollars

376
00:27:28,250 --> 00:27:29,470
because they've got to pay bills.

377
00:27:33,490 --> 00:27:35,230
It's a circle jerk, Brandon.

378
00:27:35,690 --> 00:27:37,250
It's all it is.

379
00:27:37,970 --> 00:27:39,850
And then a small percentage of people

380
00:27:39,850 --> 00:27:41,510
that listen to you, listen to me,

381
00:27:41,830 --> 00:27:43,210
will be a part of it

382
00:27:43,210 --> 00:27:44,970
because they'll actually hodl.

383
00:27:44,970 --> 00:27:46,750
And here's the craziest part.

384
00:27:47,850 --> 00:27:49,990
Out of that half a percent, let's say,

385
00:27:49,990 --> 00:27:56,970
the majority of them will have already been rich because they understand mindset

386
00:27:56,970 --> 00:28:05,110
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

387
00:28:05,110 --> 00:28:09,770
i don't really talk in it because it's a waste of time so i just i'm just watching some of these

388
00:28:09,770 --> 00:28:14,990
messages because it's like what's the point who am i talking to here so anyway i saw a message go

389
00:28:14,990 --> 00:28:22,090
buy it and the message said this is from like a prominent bitcoiner and the message said guys does

390
00:28:22,090 --> 00:28:29,450
anyone know how i can you know on the rails that are needed to provide evidence or whatever where

391
00:28:29,450 --> 00:28:35,190
i can convert some uh bitcoin into cash because or buy a house with with bitcoin and someone this

392
00:28:35,190 --> 00:28:39,570
prominent bitcoiner was asking that and someone said why do you want to do that doesn't make any

393
00:28:39,570 --> 00:28:40,130
fucking sense.

394
00:28:41,650 --> 00:28:42,610
And they said,

395
00:28:42,990 --> 00:28:44,510
and they said,

396
00:28:44,750 --> 00:28:47,390
I'm kind of sick and tired of this volatility.

397
00:28:48,930 --> 00:28:49,670
And that's

398
00:28:49,670 --> 00:28:51,230
the most honest thing ever.

399
00:28:53,250 --> 00:28:53,810
Right?

400
00:28:54,370 --> 00:28:55,730
But that's how fucking

401
00:28:55,730 --> 00:28:56,670
legends are made.

402
00:28:59,170 --> 00:29:00,090
It's true.

403
00:29:00,450 --> 00:29:01,390
Handle the volatility.

404
00:29:02,150 --> 00:29:03,970
That's how the legends are made.

405
00:29:04,570 --> 00:29:06,210
Bitcoin has 10 days a year

406
00:29:06,210 --> 00:29:07,490
where it has its price action.

407
00:29:08,270 --> 00:29:08,770
That's it.

408
00:29:08,770 --> 00:29:16,310
10 days a year and everyone sits around on x and everyone sits around on youtube for the other 300

409
00:29:16,310 --> 00:29:26,450
and 650 days going what the fuck is going on and and after you've been in that for six years

410
00:29:26,450 --> 00:29:35,130
it wears you down it wears why do you think the gentlemen of old that actually built the wealth

411
00:29:35,130 --> 00:29:40,070
and that actually have built legacies,

412
00:29:41,570 --> 00:29:42,950
legendary wealth status,

413
00:29:43,750 --> 00:29:46,090
used to just smoke cigars.

414
00:29:47,950 --> 00:29:50,990
And like Andrew Carnegie used to just fuck off.

415
00:29:51,090 --> 00:29:52,170
After he built his business,

416
00:29:52,570 --> 00:29:54,210
he was running his business through people.

417
00:29:54,350 --> 00:29:55,490
He just used to go do shit,

418
00:29:55,710 --> 00:29:57,750
just do art stuff, just random stuff.

419
00:29:58,070 --> 00:30:00,330
Because you can't be in it, right?

420
00:30:00,390 --> 00:30:03,030
It's one of the things that I've been contemplating myself as well

421
00:30:03,030 --> 00:30:05,090
because I've devoted, you know,

422
00:30:05,190 --> 00:30:07,770
I've been holding Bitcoin now since 2020,

423
00:30:08,530 --> 00:30:11,210
like six years, right?

424
00:30:11,950 --> 00:30:13,070
And I've devoted,

425
00:30:13,970 --> 00:30:16,710
so I started when 2021 became British HODL.

426
00:30:16,890 --> 00:30:20,670
So yeah, like five years-ish to being British HODL.

427
00:30:21,770 --> 00:30:23,470
And it's like, what's the fucking point?

428
00:30:24,410 --> 00:30:27,230
Last bull run, we had exchanges blow up.

429
00:30:27,230 --> 00:30:31,150
You saw FTX, Celsius, BlockFi, you name it.

430
00:30:31,150 --> 00:30:35,990
But the true power of Bitcoin is getting it off an exchange into cold storage.

431
00:30:35,990 --> 00:30:48,480
This bull run I trusting Trezor the company that been around for over a decade and they just had a brand new release of the best hardware wallet in the game the Trezor Safe 7

432
00:30:48,800 --> 00:30:53,980
It's got the first audible secure element. No other hardware wallet has this.

433
00:30:54,480 --> 00:31:02,840
On top of it, I travel a lot, so I need an easy way to connect my Bitcoin hardware wallet to my laptop, phone, what have you.

434
00:31:03,220 --> 00:31:08,320
Therefore, it is the easiest way and has the best connectivity to access your Bitcoin.

435
00:31:08,780 --> 00:31:10,920
This is truly how you become your own bank.

436
00:31:11,360 --> 00:31:14,100
And the best way to do that is with a Trezor Save 7.

437
00:31:14,100 --> 00:31:18,720
So you could go to the affiliate link down below and get yourself one right now.

438
00:31:19,040 --> 00:31:22,980
And do it quickly because they are flying off the shelves, folks.

439
00:31:23,340 --> 00:31:27,460
So do it with the easiest and best way to get your Bitcoin off exchanges.

440
00:31:27,960 --> 00:31:29,920
So go to the affiliate link down below.

441
00:31:29,920 --> 00:31:35,720
get yourself a treasure save seven and get your bitcoin off exchanges in the easiest way possible

442
00:31:35,720 --> 00:31:41,440
all right enough for me let's get back to the show it was great the people that listen to me

443
00:31:41,440 --> 00:31:48,120
listen to me it was fantastic but at this point my portfolio is set the conviction is higher than

444
00:31:48,120 --> 00:31:56,620
ever larry fink now works for us right because we own the asset he owns the asset he's promoting

445
00:31:56,620 --> 00:32:02,320
in the asset. BlackRock's doing better marketing than I am at this point. At one point, British

446
00:32:02,320 --> 00:32:06,580
Hoto was doing better marketing than BlackRock. And now BlackRock is doing better marketing than

447
00:32:06,580 --> 00:32:11,220
British Hoto. Fantastic. That's exactly what needs to happen. So I've been asking myself,

448
00:32:11,340 --> 00:32:15,280
like, what's next for me? What do I want to learn about? What's actually interesting? Because Bitcoin

449
00:32:15,280 --> 00:32:19,640
is no longer interesting. That's how you know it's about to win, because it's no longer interesting.

450
00:32:22,060 --> 00:32:26,540
You said about to win. Do you think Bitcoin has already won because of just where it is?

451
00:32:26,620 --> 00:32:28,660
I think the game's already won.

452
00:32:28,740 --> 00:32:29,580
This game is cooked.

453
00:32:29,680 --> 00:32:30,400
People have no idea.

454
00:32:30,600 --> 00:32:32,740
Why do you think they're losing their fucking minds?

455
00:32:32,880 --> 00:32:36,320
Because they have no idea how much you've already won.

456
00:32:36,520 --> 00:32:38,880
You got the C-suite of Wall Street pumping Bitcoin.

457
00:32:39,260 --> 00:32:42,860
You got the C-suite of the US government all pumping Bitcoin.

458
00:32:43,120 --> 00:32:44,040
The price goes down.

459
00:32:44,140 --> 00:32:48,640
The vice president and the secretary, the treasury secretary, come out and defend Bitcoin.

460
00:32:49,080 --> 00:32:50,140
What are we talking about?

461
00:32:50,140 --> 00:32:51,900
You guys are fucking worried about the price.

462
00:32:52,940 --> 00:32:55,320
That's retail moronic behavior.

463
00:32:56,620 --> 00:33:02,660
Like, everyone that was a Bitcoin long-term holder is now making comments as if they wanted to trade it.

464
00:33:02,820 --> 00:33:04,120
I thought you were a fucking long-term holder.

465
00:33:05,760 --> 00:33:06,360
You know?

466
00:33:06,680 --> 00:33:07,920
So what are we talking about here?

467
00:33:08,460 --> 00:33:09,240
Are we traders?

468
00:33:09,640 --> 00:33:10,740
Are we long-term hodlers?

469
00:33:11,040 --> 00:33:11,680
What are we?

470
00:33:12,260 --> 00:33:13,340
I know what I am.

471
00:33:13,900 --> 00:33:19,060
I live in a jurisdiction, because I'm not a moron, where I pay 0% taxes.

472
00:33:20,000 --> 00:33:20,280
Right?

473
00:33:20,540 --> 00:33:21,880
0% taxes.

474
00:33:21,880 --> 00:33:32,020
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.

475
00:33:32,820 --> 00:33:33,420
0%.

476
00:33:33,420 --> 00:33:35,000
Guess how much I fucking sold?

477
00:33:35,780 --> 00:33:36,240
Zero.

478
00:33:37,400 --> 00:33:38,680
Because I'm a hodler.

479
00:33:39,560 --> 00:33:40,120
Right?

480
00:33:40,540 --> 00:33:41,080
It's done.

481
00:33:41,260 --> 00:33:41,580
It's in the name.

482
00:33:41,660 --> 00:33:42,280
It's set.

483
00:33:42,540 --> 00:33:43,860
It's in the name, right?

484
00:33:43,920 --> 00:33:44,660
Like, it's done.

485
00:33:44,740 --> 00:33:45,320
It's set.

486
00:33:45,320 --> 00:33:50,940
so when all these idiots are talking are living in like 40 tax jurisdictions

487
00:33:50,940 --> 00:33:57,800
going like oh it's a cycle over because because i need to sell like maybe i'll sell maybe i'll buy

488
00:33:57,800 --> 00:34:00,860
it when it goes up maybe i'll because they missed the top right because of course none of these

489
00:34:00,860 --> 00:34:05,960
idiots get the top so they missed the top and then they're like i'm gonna sell at 95 000

490
00:34:05,960 --> 00:34:11,900
i'm gonna sell the next time it gets to 85 000 on the cell then it goes down even more the next

491
00:34:11,900 --> 00:34:19,220
time it gets to 80 000 i'm gonna sell and then eventually it will go to 75 000 from 70 they'll

492
00:34:19,220 --> 00:34:27,840
sell and then it will go straight to 120 and it'll be fucking beautiful they'll be out and

493
00:34:27,840 --> 00:34:32,660
there'll be just another story on the side of the fucking street talking about how they held this

494
00:34:32,660 --> 00:34:41,760
bitcoin and they made all this money from 10 000 to 75 000 and they'll tell their grandchildren

495
00:34:41,760 --> 00:34:47,760
about it and they'll say oh we bought this house because of bitcoin and their grandchildren will

496
00:34:47,760 --> 00:34:54,481
say why the fuck didn't you hold it because this house is 50 cheaper than it was that day because

497
00:34:54,481 --> 00:35:00,420
if you just held the bitcoin and they'll say no it was the right time to do it

498
00:35:00,420 --> 00:35:05,940
it was the right fucking time to do it shut the fuck up and get away from me

499
00:35:05,940 --> 00:35:14,300
i mean i love it man it's always it always gets me so bullish talking to you and um you know i

500
00:35:14,300 --> 00:35:19,981
mean we we touched on silver just how much this asset moved i was looking it up uh here before

501
00:35:19,981 --> 00:35:26,180
uh while you were describing all this because the silver market cap now is at a little over 4.2 or

502
00:35:26,180 --> 00:35:33,320
a little uh under 4.2 trillion dollars and we had a 4.2 trillion dollar asset move what 40 percent

503
00:35:33,320 --> 00:35:40,120
in a day i mean what's to say that this bitcoin market that's now at like one point what is it

504
00:35:40,120 --> 00:35:48,280
1.4 trillion dollars give or take uh right now just sitting right around 70 000 what's to say

505
00:35:48,280 --> 00:35:54,680
that this can't go you know 50 60 in a day and have that kind of short squeeze movement that

506
00:35:54,680 --> 00:35:56,120
and go parabolic.

507
00:35:56,981 --> 00:35:58,040
Silver tripled.

508
00:35:59,660 --> 00:36:01,100
Silver tripled.

509
00:36:02,820 --> 00:36:05,080
So if silver can triple,

510
00:36:06,220 --> 00:36:07,420
I got Bitcoin is telling me

511
00:36:07,420 --> 00:36:09,180
Bitcoin can't triple anymore in a hurry.

512
00:36:10,640 --> 00:36:12,060
Well, that's the power law.

513
00:36:12,240 --> 00:36:14,160
These people are idiots.

514
00:36:15,260 --> 00:36:16,960
These people are idiots.

515
00:36:17,240 --> 00:36:18,720
They're doom and gloom boomers

516
00:36:18,720 --> 00:36:19,900
and they're idiots.

517
00:36:20,160 --> 00:36:21,300
They have a new thing.

518
00:36:21,501 --> 00:36:22,700
Now it's the Epstein thing.

519
00:36:22,760 --> 00:36:23,820
So I called this shit.

520
00:36:23,820 --> 00:36:27,040
So as soon as I heard that going around, I was like, I've got to make a video on this real quick.

521
00:36:27,260 --> 00:36:31,840
So I put it out there and suddenly everyone's talking about Epstein ruining the markets, the Epstein files.

522
00:36:31,960 --> 00:36:33,180
Oh, everything's going to collapse.

523
00:36:33,560 --> 00:36:36,820
Why is everything always going to collapse to these fucking people?

524
00:36:38,700 --> 00:36:40,760
Like, imagine living in that mind state.

525
00:36:41,540 --> 00:36:47,460
Imagine living in that mind state where everything is always just going to fucking collapse.

526
00:36:48,960 --> 00:36:53,800
You know, like, I just I find this energy just I'm allergic to this.

527
00:36:53,820 --> 00:36:57,920
energy. I'm allergic to this way of thinking. Like, I don't think like that. You know what we're

528
00:36:57,920 --> 00:37:03,540
going to get right now? We are going to get the biggest fucking bull run that you've ever even

529
00:37:03,540 --> 00:37:08,360
thought of as soon as this liquidity starts. Because the whole market, the whole of the

530
00:37:08,360 --> 00:37:16,020
entire world's governments are now on notice that the US is pro-Bitcoin. Everyone's got permission.

531
00:37:17,600 --> 00:37:23,320
Everyone's been educated. BlackRock is flying around the world educating people on

532
00:37:23,320 --> 00:37:30,640
Bitcoin. That's what happened in 2025. So when the liquidity starts pumping again,

533
00:37:31,080 --> 00:37:34,180
the capital is going to get to Bitcoin a lot easier than it would have.

534
00:37:36,840 --> 00:37:42,501
Do you think that capital and the liquidity starts to unlock around midterm elections too,

535
00:37:42,501 --> 00:37:46,180
so Trump can try to get the Republicans to stay in the House?

536
00:37:46,180 --> 00:37:55,020
No, it's happening now. The 1st of January, they changed the leverage ratios for bank deposits.

537
00:37:56,040 --> 00:38:02,740
They're trying to take that back to before 2008. By the 1st of April, it's optional right now.

538
00:38:03,120 --> 00:38:07,440
By the 1st of April, it's mandatory. And what that means is, and they're probably going to make it

539
00:38:07,440 --> 00:38:11,900
even better, right? They're probably going to reduce the amount of leverage. They're going to

540
00:38:11,900 --> 00:38:16,660
probably reduce the impact on the balance sheet even more. And they're going to shove $10 trillion

541
00:38:16,660 --> 00:38:21,940
of debt refi down the bank's throats, onto the bank's balance sheets. And they're going to get

542
00:38:21,940 --> 00:38:26,360
the banks to lend that out. And as the rates come down, they're going to lend it out even more.

543
00:38:26,760 --> 00:38:31,400
And this is going to be, Bissette has already said this, we want Wall Street and Main Street

544
00:38:31,400 --> 00:38:38,660
to do well. What that basically means is we're going to lend baby lend. That's what's going to

545
00:38:38,660 --> 00:38:40,640
happen. And what do you need for that? You need

546
00:38:40,640 --> 00:38:42,660
absolute liquidity, and

547
00:38:42,660 --> 00:38:44,600
you need low rates. And you're about to

548
00:38:44,600 --> 00:38:46,440
get both scenarios. So when I hear

549
00:38:46,440 --> 00:38:47,880
Bitcoin is shitting themselves,

550
00:38:48,880 --> 00:38:50,660
it's like, come on, guys. Are we

551
00:38:50,660 --> 00:38:52,501
hodlers? What are we doing here?

552
00:38:53,100 --> 00:38:54,760
Just do what you want to do. Why are you asking

553
00:38:54,760 --> 00:38:56,540
me? What the fuck is the point of

554
00:38:56,540 --> 00:38:58,440
speaking to me at that point?

555
00:38:58,440 --> 00:38:58,760
You know?

556
00:39:00,340 --> 00:39:01,660
It's just the truth.

557
00:39:01,880 --> 00:39:04,360
I'm actually annoyed. There's so much more

558
00:39:04,360 --> 00:39:05,660
interesting things going on.

559
00:39:07,440 --> 00:39:07,920
Yeah.

560
00:39:07,920 --> 00:39:30,020
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.

561
00:39:30,020 --> 00:39:35,420
you think they just did that to get the whole thing to fall apart in a year

562
00:39:35,420 --> 00:39:41,080
fuck are we talking about we're literally talking to literal morons like that's that's literally

563
00:39:41,080 --> 00:39:49,740
what's going on here like these people are thick i don't even know what to say anymore like it's

564
00:39:49,740 --> 00:39:57,600
like how much more do you need to say to go buy bitcoin shut the fuck up you get fabulously wealthy

565
00:39:57,600 --> 00:40:02,860
just because you didn't get fabulously wealthy in the year that you wanted to get fabulously wealthy

566
00:40:02,860 --> 00:40:07,981
in. Like maybe just chill out for a second. But I think all that extra liquidity is going to start

567
00:40:07,981 --> 00:40:12,600
flowing in between now and the end of Q2. And I think you should see Bitcoin react to that.

568
00:40:13,680 --> 00:40:19,320
All right. I like that. What did you make of like Larry Fink and all the speeches that just

569
00:40:19,320 --> 00:40:24,380
happened at the World Economic Forum? Because I thought it was amazing. Yeah, it was something

570
00:40:24,380 --> 00:40:29,320
that was interesting. He said that, you know, that basically in shorts, like the elites have

571
00:40:29,320 --> 00:40:34,900
lost control or like the narrative is shifting where people don't like the elites. So it seems

572
00:40:34,900 --> 00:40:41,420
like he's being self-aware with all of this. You know, what did you make of Fink and kind of his,

573
00:40:41,420 --> 00:40:48,460
I guess, addressing of Davos? This bull run, I'm looking for ways to stack Bitcoin in my sleep,

574
00:40:48,640 --> 00:40:53,800
and mining has always caught my eye. I've partnered with the guys over at Simple Mining

575
00:40:53,800 --> 00:40:56,020
to help you do just that.

576
00:40:56,380 --> 00:40:58,780
I don't recommend anything that I don't use personally,

577
00:40:59,200 --> 00:41:02,481
so I've got a machine up and running with them right this second.

578
00:41:02,780 --> 00:41:06,800
And they've even opened the facility up so anyone can go and visit.

579
00:41:07,520 --> 00:41:11,140
They manage over 15,000 machines for 500 clients,

580
00:41:11,240 --> 00:41:14,880
handling all of the maintenance and repairs so you don't have to.

581
00:41:15,260 --> 00:41:18,420
And for the Green Candle listeners, they're giving an exclusive offer,

582
00:41:18,820 --> 00:41:21,481
all the repairs for the first year for free.

583
00:41:21,481 --> 00:41:35,020
So if you've been thinking about mining, head on over to simplemining.io slash green candle to get this exclusive offer and learn about the potential tax benefits that you can get from mining with Simple Mining.

584
00:41:35,260 --> 00:41:37,820
All right. Enough from me. Let's get back to the show.

585
00:41:40,460 --> 00:41:43,420
Larry Fink has impressed me so much.

586
00:41:43,420 --> 00:42:13,400
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.

587
00:42:13,420 --> 00:42:20,160
only BlackRock can do. And now they've basically defended the whole industry here. The combination

588
00:42:20,160 --> 00:42:25,580
of BlackRock and Michael Saylor, what they're doing is unbelievable, right? These are the two

589
00:42:25,580 --> 00:42:35,300
people that basically work for us, right? You got Larry Fink and the army of BlackRock,

590
00:42:35,740 --> 00:42:42,440
and you got Michael Saylor and the absolute behemoth of MSTR working for us at this point.

591
00:42:42,440 --> 00:42:45,600
So the more coins that get sold

592
00:42:45,600 --> 00:42:47,440
And get absorbed by Larry Fink

593
00:42:47,440 --> 00:42:49,180
And Michael Saylor, the better it is

594
00:42:49,180 --> 00:42:50,920
And I put a tweet out

595
00:42:50,920 --> 00:42:52,360
Because all these doom and gloom boomers

596
00:42:52,360 --> 00:42:54,501
These dancing grandpas

597
00:42:54,501 --> 00:42:56,840
That's what I call them, these dancing grandpas

598
00:42:56,840 --> 00:42:59,481
They gotta dance, grandpa's gotta dance too

599
00:42:59,481 --> 00:43:01,160
You know, they were talking about Epstein

600
00:43:01,160 --> 00:43:02,560
Ruining everything, I said, hey guys

601
00:43:02,560 --> 00:43:05,360
You know who wasn't on the Epstein files?

602
00:43:06,240 --> 00:43:06,981
Larry Fink

603
00:43:06,981 --> 00:43:09,481
By Ibit

604
00:43:09,481 --> 00:43:11,940
They lost their shit

605
00:43:11,940 --> 00:43:13,960
They absolutely lost their shit at me.

606
00:43:14,260 --> 00:43:15,520
It was hilarious.

607
00:43:16,940 --> 00:43:21,380
Well, I mean, it is kind of interesting that, yeah, obviously he wasn't on there.

608
00:43:21,640 --> 00:43:25,840
And, you know, I mean, I don't even, I don't know if you've gotten this,

609
00:43:25,940 --> 00:43:29,580
but I got some guys that, you know, just are kind of in Normie world

610
00:43:29,580 --> 00:43:33,520
that I've convinced to buy Bitcoin, like, you know, when it was hitting 100K.

611
00:43:33,520 --> 00:43:37,520
I told them, you know, what is it, two summers ago, maybe when it was 60K.

612
00:43:37,680 --> 00:43:39,700
And I was like, hey, buy Bitcoin, it's going to hit 100K.

613
00:43:40,140 --> 00:43:40,940
They didn't do it.

614
00:43:40,940 --> 00:43:42,981
and then it hit 100k. Now they're texting

615
00:43:42,981 --> 00:43:44,340
me like, dude, why is Epstein

616
00:43:44,340 --> 00:43:46,560
tanking the market from the grave?

617
00:43:46,860 --> 00:43:48,820
You see what I mean? You see what I mean?

618
00:43:48,860 --> 00:43:50,080
I knew it. I knew it.

619
00:43:50,240 --> 00:43:52,820
This is just going to be the narrative now. It's going to be

620
00:43:52,820 --> 00:43:54,920
Epstein. It's going to be something else. You can't

621
00:43:54,920 --> 00:43:56,020
help these people, Brandon.

622
00:43:57,560 --> 00:43:58,580
They're beyond it.

623
00:43:58,960 --> 00:44:01,280
They deserve the underclass,

624
00:44:01,360 --> 00:44:02,680
the permanent underclass,

625
00:44:03,180 --> 00:44:05,040
the permy that's coming to them.

626
00:44:05,040 --> 00:44:06,280
They deserve it.

627
00:44:06,380 --> 00:44:09,140
Every single day, they make decisions to further

628
00:44:09,140 --> 00:44:15,060
deserve it and there's me and you now that are trying to help them we're trying to say here's my

629
00:44:15,060 --> 00:44:21,620
hand take my hand let me lift you out of the permanent underclass and you know what they do

630
00:44:22,740 --> 00:44:29,780
they like try and reach for the hand and they touch the tops of our fingertips and then they're

631
00:44:29,780 --> 00:44:37,300
like no i don't want that you know why because the matrix is good to me the system is good to me

632
00:44:37,300 --> 00:44:41,780
and then they fight to defend the fucking system good

633
00:44:41,780 --> 00:44:50,660
i mean at this point it just seems like yeah there is no no changing all of that but i want

634
00:44:50,660 --> 00:44:56,140
to get back to to mstr and the treasury companies too because it seems like the narrative around

635
00:44:56,140 --> 00:45:01,520
the treasury companies has just been like completely bearish uh on on everything even

636
00:45:01,520 --> 00:45:07,740
even mstr so um you know what what how are you viewing you know these treasury companies and how

637
00:45:07,740 --> 00:45:12,680
they're playing out especially with you know kind of the the volatility we saw in 2025

638
00:45:12,680 --> 00:45:22,080
what did you think of uh sailor and danny's chat i'm curious i honestly yeah i mean i i mean you

639
00:45:22,080 --> 00:45:26,280
know i see where danny was coming from because obviously you know it's it's bitcoin twitter

640
00:45:26,280 --> 00:45:31,160
right they're essentially asking the same question but i agree with sailor at the end of the day

641
00:45:31,160 --> 00:45:36,481
you know, if you're a company, you know, you should be holding Bitcoin on the balance sheet.

642
00:45:36,640 --> 00:45:40,540
And we shouldn't be attacking these companies for holding Bitcoin on the balance sheet because

643
00:45:40,540 --> 00:45:47,220
it's better than not. I mean, you know, holding a hard asset. And, you know, at the end of the day,

644
00:45:47,240 --> 00:45:51,981
you should try to compare, you know, a company that makes refrigerators with a company that

645
00:45:51,981 --> 00:45:58,080
makes refrigerators opposed to comparing that company to strategy who's been in Bitcoin for

646
00:45:58,080 --> 00:46:13,851
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

647
00:46:13,851 --> 00:46:18,571
But it's better than not holding Bitcoin on the balance sheet.

648
00:46:18,771 --> 00:46:26,151
And it just seems like everybody's punishing these treasury companies because they're buying Bitcoin when we're all on the same team.

649
00:46:26,271 --> 00:46:28,190
And it's just cannibalism, in my opinion.

650
00:46:29,291 --> 00:46:32,391
Yeah, I'm glad you have that perspective because I agree with you.

651
00:46:32,530 --> 00:46:37,751
I took, I texted Danny and I thought, you know, I told him he did a fantastic job.

652
00:46:38,091 --> 00:46:40,411
I also think Saylor did a fantastic job as well.

653
00:46:40,871 --> 00:46:43,311
I like that there's violence.

654
00:46:44,510 --> 00:46:45,430
I like it.

655
00:46:45,530 --> 00:46:49,670
I like the contra, I like the aggression that Saylor had, right?

656
00:46:49,670 --> 00:46:50,450
Because it's the truth.

657
00:46:50,651 --> 00:46:52,611
Every company should be a Bitcoin company.

658
00:46:53,111 --> 00:46:57,251
These companies have obviously created their business model to be Bitcoin companies.

659
00:46:57,251 --> 00:47:02,470
And it's up to you to decide whether that's valuable to your portfolio or not.

660
00:47:03,010 --> 00:47:09,210
Me personally, as I've said multiple times now, I got caught up in the treasury company drama over last summer.

661
00:47:09,411 --> 00:47:18,450
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.

662
00:47:19,530 --> 00:47:23,930
Because, you know, I think strategy is just completely different to all of these things.

663
00:47:23,930 --> 00:47:35,311
And I realized that that was me succumbing to not a perfect human, even though I act like a perfect human.

664
00:47:35,771 --> 00:47:37,331
I'm not a perfect human.

665
00:47:37,871 --> 00:47:42,210
So I gave in to my activity bias, Brandon.

666
00:47:42,891 --> 00:47:46,930
And I put half a percent, which is now probably sitting at 0.1%.

667
00:47:47,450 --> 00:47:52,251
And what's crazy about it is I got most of my net worth in Bitcoin and MSDR.

668
00:47:52,251 --> 00:47:56,851
and I was spending most of my time thinking about the half a percent.

669
00:47:57,371 --> 00:48:00,550
And then I have to look myself deep in my own eyes in the mirror

670
00:48:00,550 --> 00:48:02,950
and ask myself why I'm being so retarded.

671
00:48:05,831 --> 00:48:08,050
Yeah, I mean, this is dumb.

672
00:48:08,411 --> 00:48:11,311
So forget about them as sell orders on all of them.

673
00:48:11,391 --> 00:48:13,871
And whenever they hit those sell orders, they'll sell out

674
00:48:13,871 --> 00:48:16,030
and I'll put it, roll it back into MSTR at that point.

675
00:48:16,030 --> 00:48:19,631
But look, every company should hold Bitcoin, right?

676
00:48:19,631 --> 00:48:28,771
If you enter a trade like you were born to do as a retail normie, you were born to do this.

677
00:48:29,151 --> 00:48:32,470
You were born as a retail normie, Brandon.

678
00:48:32,611 --> 00:48:35,530
They were born to do exactly what they did.

679
00:48:36,131 --> 00:48:42,831
They were born to buy Bitcoin, the safest asset humanity has ever seen with absolute finality of scarcity.

680
00:48:42,831 --> 00:48:49,291
They were born to buy that, feel really good about it, and then sell it.

681
00:48:49,631 --> 00:48:54,631
Right. That's exactly what they were born to do. So they were they're living up to their to their purpose.

682
00:48:55,210 --> 00:48:58,911
So they bought that Bitcoin. They held that Bitcoin.

683
00:48:59,490 --> 00:49:04,751
And then they decided to sell it because they joined an X community full of bots.

684
00:49:06,670 --> 00:49:11,631
And bots can be like computer bots or human bots. Right. We call them NPCs.

685
00:49:12,710 --> 00:49:18,591
Yeah. And then they sold that Bitcoin and bought a treasury company for a 7XM net.

686
00:49:18,591 --> 00:49:26,271
so they made a bad trade right and now their portfolio is down so now it's sailor's fault

687
00:49:26,271 --> 00:49:33,950
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

688
00:49:33,950 --> 00:49:41,371
this is what they're built to do brandon and then the my heroes though out of all of them my heroes

689
00:49:41,371 --> 00:49:46,990
are the ones who bought you know who took a bitcoin sold it bought a treasury company at a

690
00:49:46,990 --> 00:49:54,190
7xm nav right one of my absolute favorite things about bitcoin is meeting all of you in person so

691
00:49:54,190 --> 00:49:59,611
mark your calendars for february 28th and come down to where i've called home for the past eight

692
00:49:59,611 --> 00:50:05,751
years tampa florida the bitcoin bay foundation is putting on the sound money soiree it's the

693
00:50:05,751 --> 00:50:12,690
third annual it's a night of bitcoin poker an open bar in a silent auction all support will go

694
00:50:12,690 --> 00:50:17,670
to Bitcoin Bay, a nonprofit that is creating a circular economy down in Tampa Bay, Florida.

695
00:50:18,111 --> 00:50:23,331
They're doing absolutely great things. And it's the Bitcoin community that I've called home

696
00:50:23,331 --> 00:50:28,131
for such a long time. And these guys are absolutely crushing it. So please do anything

697
00:50:28,131 --> 00:50:33,650
you can to support. Buy your tickets today. You can use promo code green candle to get 10%

698
00:50:33,650 --> 00:50:37,431
off your sound money soiree tickets. So do you know anything about Bitcoin?

699
00:50:37,431 --> 00:50:42,050
No. You guys can come down and see this ugly mug. Come boogie on the dance floor,

700
00:50:42,050 --> 00:50:46,071
shake it and now that bitcoin's over 100k you can do it all with your girlfriends

701
00:50:46,071 --> 00:50:48,931
all right on that for me let's get back to the show

702
00:50:48,931 --> 00:50:59,931
and then it crashed 80 percent and brandon you know what they did brandon listen to me

703
00:50:59,931 --> 00:51:07,771
these are my fucking heroes brandon they sold that shit 80 percent down and they bought silver at 80 bucks

704
00:51:07,771 --> 00:51:15,131
these are my fucking heroes brandon i don't know what to say like

705
00:51:15,131 --> 00:51:23,150
like just stay where you are forever when it's gonna learn i mean it's like what you said though

706
00:51:23,150 --> 00:51:27,731
it's like everybody has that bias like i need to meddle with this you know i need to i need to get

707
00:51:27,731 --> 00:51:33,271
my fingers wet and just uh you know type on the keyboard in this trade order and start moving

708
00:51:33,271 --> 00:51:38,950
money and in reality just the simplest thing is just to hodl but i mean i i agree with you too

709
00:51:38,950 --> 00:51:43,891
at the end of the day you know in that danny interview sailor was just basically i mean he

710
00:51:43,891 --> 00:51:48,391
didn't outwardly say this but he was just essentially like what i was getting from him

711
00:51:48,391 --> 00:51:52,911
was like all right you bought a company at like seven or eight xm nev that was a bad investment

712
00:51:52,911 --> 00:51:58,990
like what do you like just take ownership in that at a certain set on it yeah sit on it like when i

713
00:51:58,990 --> 00:52:06,231
when i you know my mstr journey was interesting but when i pivoted uh a lot back into mstr it was

714
00:52:06,231 --> 00:52:11,550
at a 2xm nav so i just decided okay well i need to wait until they've accumulated twice the amount

715
00:52:11,550 --> 00:52:17,650
of bitcoin and the price has doubled from this point yeah that's it you fucking sit there until

716
00:52:17,650 --> 00:52:23,690
that happens so that's that's the issue with these people but the the the master straw i didn't expect

717
00:52:23,690 --> 00:52:29,351
that there was going to be the treasury company SIOP and the fucking gold and silver SIOP.

718
00:52:29,791 --> 00:52:32,111
The gold and silver SIOP was perfect.

719
00:52:32,591 --> 00:52:37,911
Like if I was like a super ruling elite and I could move Bitcoin markets,

720
00:52:38,470 --> 00:52:40,431
the gold and silver SIOP is amazing.

721
00:52:40,591 --> 00:52:41,291
Think about it, right?

722
00:52:41,311 --> 00:52:45,371
Because it fits the exact narrative of Bitcoin, right?

723
00:52:45,371 --> 00:52:47,431
Bitcoin is actually better than gold and silver.

724
00:52:48,391 --> 00:52:53,291
So when you suddenly go, no, no, the asset that you thought was now shit is now performing.

725
00:52:53,690 --> 00:52:57,411
sell your fucking Bitcoin to me, people do it.

726
00:52:58,550 --> 00:53:00,571
You put them straight into their amygdala

727
00:53:00,571 --> 00:53:03,030
and they take the action that you want them to take

728
00:53:03,030 --> 00:53:06,071
like the pheasants that they are.

729
00:53:09,510 --> 00:53:11,351
I mean, at this point-

730
00:53:11,351 --> 00:53:12,950
You don't even know what to say now, Brandon.

731
00:53:13,091 --> 00:53:14,291
You don't even know what to say.

732
00:53:14,591 --> 00:53:17,591
I'm lost for words, man, because, I mean, it is true.

733
00:53:17,771 --> 00:53:18,611
You essentially saw that.

734
00:53:18,950 --> 00:53:20,470
I mean, we saw it all play out too.

735
00:53:20,470 --> 00:53:25,470
And the crazy thing is a lot of people came to Bitcoin kind of from that gold, silver bug.

736
00:53:26,271 --> 00:53:26,791
Exactly.

737
00:53:27,170 --> 00:53:28,271
That's why it was perfect.

738
00:53:29,391 --> 00:53:30,311
It's visceral.

739
00:53:31,050 --> 00:53:31,271
Yeah.

740
00:53:31,431 --> 00:53:33,710
I mean, it just made them all question it, essentially.

741
00:53:34,091 --> 00:53:34,510
Yes.

742
00:53:34,690 --> 00:53:36,050
That's all you want to do, though.

743
00:53:36,631 --> 00:53:38,190
Peter Schiff finally got his day.

744
00:53:38,690 --> 00:53:40,030
Peter Schiff finally got his day.

745
00:53:40,271 --> 00:53:44,530
I had dinner with Peter Schiff here in Dubai a few days before.

746
00:53:44,731 --> 00:53:47,690
You know when all the conferences were going on here in Dubai?

747
00:53:47,690 --> 00:53:47,950
Yeah.

748
00:53:47,950 --> 00:53:53,371
and he was like super excited about gold and it going up and whatever and i told him like peter i

749
00:53:53,371 --> 00:53:57,751
sold all of my gold because we know this we know similar people because i was in the gold space

750
00:53:57,751 --> 00:54:02,611
so i sold all of my gold in 2020 because whoa you missed out on a 2x i was like yeah peter cry

751
00:54:02,611 --> 00:54:09,030
myself to sleep every fucking night because i bought bitcoin at 5k like you're an idiot you

752
00:54:09,030 --> 00:54:19,391
know so yeah like the bitcoin attacking bitcoin with gold and silver was such a like i wish that

753
00:54:19,391 --> 00:54:24,771
there is actually this overlord in the markets that that did this that orchestrated this whole

754
00:54:24,771 --> 00:54:28,831
thing because i warned everyone they're going to come at you with every tool in the box to shake

755
00:54:28,831 --> 00:54:33,731
your confidence to lower your dopamine and you're going to fucking sell and guess what everyone did

756
00:54:33,731 --> 00:54:38,530
sold. How come I don't get no credit for predicting that they were going to sell?

757
00:54:39,111 --> 00:54:44,331
I've been saying this on videos for over two years now. I told them, like, as soon as the ETFs come

758
00:54:44,331 --> 00:54:52,150
out, every weapon in the arsenal is going to come for your Bitcoin. Right? So they found your

759
00:54:52,150 --> 00:54:58,170
degenerate side and got it out with your Bitcoin treasury companies. And just to add insult to

760
00:54:58,170 --> 00:55:04,091
injury and make you lose absolute complete faith gold and silver started fucking rallying

761
00:55:04,091 --> 00:55:09,990
is it because they try to try to financialize bitcoin in a sense

762
00:55:09,990 --> 00:55:13,550
no because they just don't want these peasants with bitcoin

763
00:55:13,550 --> 00:55:22,150
would you i don't i mean hey man everybody could everybody gets bitcoin at the price they deserve

764
00:55:22,150 --> 00:55:29,291
right no no no no brandon no brandon no brandon everybody sells bitcoin at the price that they

765
00:55:29,291 --> 00:55:37,010
deserve that's the truth that's the fucking truth i mean we're seeing it play out like

766
00:55:37,010 --> 00:55:44,030
like never before right now no it's happened every fucking time brandon it's happened every time

767
00:55:44,030 --> 00:55:50,331
2008 2008 was the best time after that period to buy property what did retail do fucking dump

768
00:55:50,331 --> 00:55:53,231
their property straight into the hands of Blackstone.

769
00:55:55,411 --> 00:55:59,010
To the point where the government is now coming out, your government is coming out now and

770
00:55:59,010 --> 00:56:01,190
saying, we're going to put a ban on this because they own too much.

771
00:56:01,831 --> 00:56:02,030
Yeah.

772
00:56:02,931 --> 00:56:03,990
This happens every time.

773
00:56:04,071 --> 00:56:05,391
They're so predictable, Brandon.

774
00:56:05,871 --> 00:56:06,791
They're so predictable.

775
00:56:07,650 --> 00:56:08,811
They're so predictable.

776
00:56:09,190 --> 00:56:10,931
You just have to lose the empathy.

777
00:56:12,510 --> 00:56:14,190
Well, give us some hope for you here.

778
00:56:14,431 --> 00:56:16,331
Give us some hope for the future, British.

779
00:56:16,831 --> 00:56:17,550
What do you mean?

780
00:56:17,690 --> 00:56:19,731
Everyone who's holding Bitcoin, who heard the message.

781
00:56:19,731 --> 00:56:23,111
I told you, there's going to be half a percent of people that hear the message.

782
00:56:23,690 --> 00:56:26,831
There's going to be half a percent of people that understand what we're saying.

783
00:56:26,911 --> 00:56:29,631
There's going to be half a percent of people that completely get it.

784
00:56:29,851 --> 00:56:34,391
There's going to be half a percent of people that understand that it's a monetary network with absolute scarcity,

785
00:56:34,391 --> 00:56:39,251
which means that the percentage of the network that you hold is what's important.

786
00:56:40,371 --> 00:56:41,791
Not using it.

787
00:56:42,690 --> 00:56:45,470
Not buying fucking empanadas with it.

788
00:56:46,470 --> 00:56:48,251
Not buying coffees with it.

789
00:56:48,251 --> 00:56:51,150
How much of it you hold is what's important.

790
00:56:51,831 --> 00:56:52,871
There's going to be a percentage.

791
00:56:53,271 --> 00:56:56,131
And I think that's around half a percent of the Bitcoin audience, right?

792
00:56:56,710 --> 00:56:58,131
And those people are going to make it.

793
00:56:58,271 --> 00:57:00,231
And their kids are going to be happy, right?

794
00:57:00,251 --> 00:57:02,851
And their grandchildren are going to look them in the eyes and go, you did the right thing.

795
00:57:02,911 --> 00:57:03,871
Think, fuck, you did that.

796
00:57:04,450 --> 00:57:06,970
Because no matter what I do now, I can't do it.

797
00:57:07,050 --> 00:57:16,291
Bitcoin's the only asset where if I fuck up, everyone in my bloodline pays for it, right?

798
00:57:16,431 --> 00:57:18,030
My dad was in real estate, yeah?

799
00:57:18,251 --> 00:57:21,071
And he learned his skills of real estate and whatever he was doing.

800
00:57:22,071 --> 00:57:28,431
And if London had just gone, had run, run away from me, I could take those skills, learn those lessons, bring them to Dubai.

801
00:57:28,690 --> 00:57:29,611
Like a lot of people did.

802
00:57:29,690 --> 00:57:33,871
A lot of people brought their property skills to Dubai and have made fortunes with it.

803
00:57:34,571 --> 00:57:34,970
Right?

804
00:57:35,650 --> 00:57:36,591
Can't do that with Bitcoin.

805
00:57:37,731 --> 00:57:38,190
It fucked.

806
00:57:38,751 --> 00:57:39,111
Forever.

807
00:57:40,050 --> 00:57:41,091
It's the forever fucked.

808
00:57:42,411 --> 00:57:44,150
The forever underclass.

809
00:57:44,611 --> 00:57:46,450
Well, it is the golden opportunity.

810
00:57:46,450 --> 00:57:54,851
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.

811
00:57:55,751 --> 00:57:57,670
No, they want to wait until it hits 58.

812
00:57:57,950 --> 00:57:58,710
What, haven't you heard?

813
00:57:59,150 --> 00:57:59,791
Have you not heard?

814
00:58:00,470 --> 00:58:03,071
Is that the, yeah, we're going to keep on buying the dips.

815
00:58:03,170 --> 00:58:05,170
We're going to just wait until it keeps going lower, right?

816
00:58:05,331 --> 00:58:06,190
Keeps going down, yeah.

817
00:58:06,251 --> 00:58:09,050
And then when it actually reverses, that's when I'll buy.

818
00:58:09,650 --> 00:58:10,690
Yeah, exactly.

819
00:58:10,831 --> 00:58:12,231
Because everybody can time the market.

820
00:58:12,550 --> 00:58:13,851
You know, I mean, you get it.

821
00:58:13,950 --> 00:58:14,670
You get it, British.

822
00:58:14,731 --> 00:58:15,670
We're all traders here.

823
00:58:15,670 --> 00:58:17,251
It's not the hoddle, right?

824
00:58:17,450 --> 00:58:18,450
It's the trading event.

825
00:58:18,450 --> 00:58:19,190
I know. Tell me about it.

826
00:58:19,530 --> 00:58:20,351
Tell me about it.

827
00:58:20,490 --> 00:58:22,351
In fact, you know what I want to happen, Brandon?

828
00:58:23,771 --> 00:58:28,371
I want there to be a 50% tax on your Bitcoin profits.

829
00:58:28,670 --> 00:58:30,391
This is the other style, right?

830
00:58:31,311 --> 00:58:34,431
I want a 50% tax on your Bitcoin profits,

831
00:58:34,510 --> 00:58:38,291
and I want absolutely opened Bitcoin lending markets.

832
00:58:38,291 --> 00:58:41,530
because do you know how many

833
00:58:41,530 --> 00:58:46,690
thick people that I see on like

834
00:58:46,690 --> 00:58:50,690
X that are talking about the fact that

835
00:58:50,690 --> 00:58:53,670
are celebrating the fact that a state in America

836
00:58:53,670 --> 00:58:55,170
or a country in Europe

837
00:58:55,170 --> 00:58:58,591
is allowing people to pay their taxes with Bitcoin?

838
00:58:59,351 --> 00:59:00,970
Yeah, I mean, it's, hey,

839
00:59:00,970 --> 00:59:03,431
I wouldn't be paying my taxes.

840
00:59:03,431 --> 00:59:04,111
It's crazy.

841
00:59:04,431 --> 00:59:04,811
It's crazy.

842
00:59:04,811 --> 00:59:06,111
They're retarded, Brandon.

843
00:59:06,771 --> 00:59:07,751
They're retarded.

844
00:59:07,751 --> 00:59:09,210
There's no hope for them.

845
00:59:09,851 --> 00:59:11,091
There's no hope for them.

846
00:59:11,791 --> 00:59:17,811
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.

847
00:59:19,030 --> 00:59:25,571
I want a 50% tax on Bitcoin and I want absolutely open lending markets.

848
00:59:25,831 --> 00:59:26,470
That's what I want.

849
00:59:27,071 --> 00:59:28,010
There we go.

850
00:59:28,291 --> 00:59:33,050
I mean, hey, it might be coming in certain jurisdictions, especially where you're from.

851
00:59:33,050 --> 00:59:36,071
And I wouldn't doubt it if we see like Britain in the UK.

852
00:59:36,071 --> 00:59:39,450
No, here you see people, you see people, yeah, the UK, yeah, for sure.

853
00:59:39,571 --> 00:59:41,071
Which would be great for the UK, by the way.

854
00:59:41,311 --> 00:59:43,811
They should make it absolutely easy for you to acquire Bitcoin.

855
00:59:44,111 --> 00:59:47,131
Then they should put a 70% tax on selling your Bitcoin.

856
00:59:47,470 --> 00:59:51,970
And then they should absolutely say, if you want to lend against your Bitcoin, we'll give you a discounted rate.

857
00:59:52,470 --> 00:59:53,871
That's what actually should happen.

858
00:59:55,571 --> 00:59:55,931
Yeah.

859
00:59:55,931 --> 00:59:56,970
That's what should happen.

860
00:59:57,050 --> 00:59:59,091
And that would strengthen UK capital markets.

861
00:59:59,351 --> 01:00:02,631
And it would strengthen the purchase of Bitcoin amongst the elite.

862
01:00:02,811 --> 01:00:04,431
And it would strengthen the United Kingdom.

863
01:00:04,631 --> 01:00:05,411
But they don't want to do that.

864
01:00:05,411 --> 01:00:06,470
It's like in Dubai, right?

865
01:00:06,631 --> 01:00:07,731
In Dubai, there's no taxes.

866
01:00:07,731 --> 01:00:11,871
So a lot of people feel more comfortable spending their Bitcoin because there's no taxes.

867
01:00:13,010 --> 01:00:13,091
Yeah.

868
01:00:13,131 --> 01:00:13,271
Right.

869
01:00:13,271 --> 01:00:17,050
You really got to have an iron will to sit here and go, fuck you.

870
01:00:17,170 --> 01:00:17,650
I'm not selling.

871
01:00:17,751 --> 01:00:18,911
I'm not spending my Bitcoin.

872
01:00:19,931 --> 01:00:20,550
Yeah, exactly.

873
01:00:20,631 --> 01:00:20,791
Right.

874
01:00:21,530 --> 01:00:28,331
So we need a 50% worldwide tax on Bitcoin and absolutely open lending markets.

875
01:00:28,490 --> 01:00:29,190
That's what we need.

876
01:00:30,111 --> 01:00:30,950
Well, who knows?

877
01:00:30,970 --> 01:00:32,010
It might be coming soon.

878
01:00:32,091 --> 01:00:34,391
But British, you've always been very generous with your time.

879
01:00:34,391 --> 01:00:35,650
And you get me fired up, man.

880
01:00:35,710 --> 01:00:40,210
Either way, hopefully we get through to that half a percent this time.

881
01:00:40,351 --> 01:00:44,851
So why don't you tell people where they can find you and what else you got going on, man?

882
01:00:45,271 --> 01:00:45,990
Don't even bother.

883
01:00:46,631 --> 01:00:47,670
Don't even bother.

884
01:00:48,050 --> 01:00:48,611
All right.

885
01:00:49,371 --> 01:00:51,050
Don't follow British HODL.

886
01:00:51,490 --> 01:00:53,710
Don't go watch any of his videos.

887
01:00:54,131 --> 01:00:56,831
I've been five long years into this now, Brandon.

888
01:00:57,470 --> 01:01:00,111
Let's keep the retards away from me, Brandon, please.

889
01:01:00,950 --> 01:01:01,571
All right.

890
01:01:01,571 --> 01:01:03,251
I'll try to not send it your way.

891
01:01:03,251 --> 01:01:05,311
But thanks so much for coming on, big man.

892
01:01:05,771 --> 01:01:06,190
My pleasure.

893
01:01:06,450 --> 01:01:06,791
My pleasure.

894
01:01:07,111 --> 01:01:11,530
Thank you guys all for tuning in to another great episode of the State of Bitcoin podcast.

895
01:01:11,950 --> 01:01:17,311
If you found some value in this one, please hit that subscribe button and that like button to help send this one to the masses.

896
01:01:17,530 --> 01:01:18,811
And I've got a surprise for you guys.

897
01:01:18,931 --> 01:01:22,170
I've got two more episodes that you have the chance to watch here.

898
01:01:22,291 --> 01:01:25,170
So go ahead and click one of them and I'll see you guys all at the next one.