Speaker 1: 0:00

What's up everybody, Blue Toshi here, and on my right is Disco.

Speaker 2: 0:06

Ahoy.

Speaker 1: 0:07

What a week, my god. Like we always say, like some weeks have news and some weeks don't, disco, this week had a lot of news and it feels like there was a tectonic shift in reality this week. What do you think? Right?

Speaker 2: 0:22

It's just. I mean, I normally stare clear of you, know certain words, but holy shit, oh, your first swear in our whole year, I know, but I it merits it Like we're just in such a. It's just, as I say, riveting, riveting times and a lot of ways to look at it. So I'm happy that we have this show to get into this week. So welcome to everybody who's going to join us for sure.

Speaker 1: 0:46

Yep, absolutely, guys. So we have a lot to share. Today We've got obviously everything going on with Trump, from assassination to speaking at Nashville next week. We got SAB overturned, denied. We got macro. We got Germany is out F you Germany, you idiots. I'm sorry, Saxony, the state of Saxony.

Speaker 2: 1:09

We got.

Speaker 1: 1:10

Larry Fink action. We got ETHF. Chatter Disco wanted me to look at CryptoPunks. I don't want to look at them, so F you for making me do that, but maybe I got to see how this stuff's going and a whole lot more. So sit back, relax and uh tell your friends about this. Just know that we are independent, we have no biases, we're not bought like most of the people in this business, and we actually tell it how we see it. So, uh, like, subscribe, post comments. We do see the comments and we do put you on the air and we love answering questions on air. So if you're watching, do all that stuff, tell your friends.

Speaker 2: 1:51

Welcome to Decentralens, your weekly 30-minute crypto report with your hosts Blutoshi and Disco.

Speaker 1: 1:59

All right Disco. I think I hit the wrong one so we had the short intro. That's probably the right intro to hit anyway, right?

Speaker 2: 2:06

Yeah, I was starting to like lean back and then I'm like, oh, we're back. Okay, nestle, nestle, let's go bud.

Speaker 1: 2:11

You thought you had 17 seconds to sit back and relax while you did the intro and that was like the one and a half second one. So welcome everybody. Like I said, there's so much going on this week. There's so much going on this week, you know, I guess we just got to jump right in, because how do you not talk about the elephant in the room? No pun intended. Trump was an attempted assassination on him from a very, very strange set of circumstances, like how could a sniper possibly be within 150 yards of of him? It, just it.

Speaker 2: 2:50

It makes absolutely no sense yeah, it's, uh, it's stranger than I could have anticipated and it's just it. You know I'm not going to be some genius here calling it, but it basically like the election's over and we're starting to really see, you know what, the impact of what the new you know new administration is going to do. So you're seeing just all these different reactions in so many different ways and they're massive in terms of, you know, the scope and the wealth and the influence of people that are like adjusting accordingly to the new. I mean it's, I don't know, polymarket's like 71 to 74%, but it's just I couldn't believe that chain of events and how it went down. And there's so many different interesting angles to kind of dig into and to think about. So it's just a lot, to lot to consider for sure yeah, I mean, it makes it you know, there's some.

Speaker 1: 3:49

There's some weeks where we, you know, could do a show every day. This is one of those weeks. And there's some where we're like maybe we do a show every other week because we want it all to build up, because we love weaving the threads together of all the stories, because everything in this world and all of us obviously are very tied together. So you know, for those who are watching, we've got the iconic image that was up after the assassination attempt, within minutes um, of him getting hit in the ear and then going down, I guess, putting his shoes, then going back up and saying fight, fight, fight. But you know, the Republicans right now are the obviously with JD Vance too the pro-crypto party. I mean, every day more and more information comes out on that. So, whether it's strategic calculations to get us, what was the number? You always know the numbers a 20 million of us in America who, especially, I think it was, yeah, no, it was.

Speaker 2: 4:51

it's like 48 million holders and then X percent are single issue voters. So it's a, it's a. It's a big enough voting block to tip the scales and that certainly has been identified and you know motive or you know manipulated to you know kind of impact, what's going to happen for sure. So they identified that there's a very vocal, wealthy, you know engaged, uh, electorate that was not being served by this and it really just paved the way for these massive you know kind of ripples and changes.

Speaker 1: 5:20

Yeah, absolutely. I mean the fight that we've seen, even since we started our podcast last fall. Uh, in the last year has were cryptos taking the fight on the offense, like we saw it at first. Like you know, if you get pushed around enough and you get backed into a corner with no exit, which was what was happening with yellen, gensler and and Janet or what's her name- yeah, but even James Diamond and all you know what I mean.

Speaker 2: 5:48

It was all across the board. It wasn't just you know legislators or anything. It was you know heads of the banks and you know all that and it was all. And what was that guy? That was that Menendez guy just got, you know, busted for bribery and accepting everything. So it was just. It was just. Everything was against it.

Speaker 2: 6:05

I'm going to take a different turn on this for a second.

Speaker 2: 6:08

And what's what's fascinating me so much about the assassination and about Trump?

Speaker 2: 6:16

And I come from a background of being exposed to gun violence and the trauma related to it, and it's something you know I had a life changing thing happen to me in a form in my formative years and you know I'm no spring chicken and it's still something that you know I deal with as, as these things happen and when I see a shooting, it triggers my trauma and everything like that.

Speaker 2: 6:36

I just don't understand how Trump can get up and play golf and move on and get going like Like he truly is built differently, like there's something crazy that he's able to shrug off an assassination attempt, get out there and then, immediately, when he's down, get up and figure out how to get that priceless, iconic photo op in play. So it's just so fascinating to me how he's wired that he's able to shrug off something going right by him, doesn't appear to have you know deep kind of esoteric meaning of life sort of thoughts immediately after, but is able to figure out how to manipulate it and get some. So I don't even know where I'm going with that, but it's just such a fascinating thing to watch. It's like how can someone just shake that off beyond the golf course at 9 am the next day, go to another place where it's a high target opportunity, and he just rolls with it. So that to me is and that's not political on any side of it, it's just as a humanistic study. It's fascinating that that can happen in that way.

Speaker 1: 7:39

Yeah, I mean, there's so many angles to this, but you're right, like if I got hit in the ear, I'd be down and I'd be like I think I'm going to stay down.

Speaker 1: 7:46

You know, like I, I, I, my life is is too valuable, but you know it, the writing is definitely on the wall. Companies with, with enforcement and fines in the billions of dollars and just getting kicked around with the sec and with elizabeth warren, the anti-crypto army obviously choke point 2.0. You brought up something interesting about jamie diamond. Like he was piping and you could tell those last couple times he did it, he was like yes, bitcoin is bad. Like like it was almost like he had a contract. He had like a sixth deal movie contract and he was on a sixth movie. You know, uh, you know like jump out of airplane. Six, the revenge of the revenge. And and he, you know, obviously, with their other hand, they're, they're working with like ethereum blockchain heavily within their own organization, um, and all sorts of stuff like that. So it's, it's.

Speaker 1: 8:50

It's interesting how that I mean the democrats just effing blew this and the republicans have completely just said we are the crypto party. You got jd vance coming on now, right, as the vp, right, uh, actually grew up near where my dad grew up. So, dad, I love you, rest in peace. But before he passed he had told me about Hillbilly Elegy. I think I read it but it was as far as I recall it was a long time ago. But it's an interesting slice. And one interesting thing about JD Vance obviously we know he holds I thought it was between a hundred and 250 grand in Bitcoin, but I someone said it was actually 250 K plus in Bitcoin, which is great, like big fan If he holds it, you know, like at the highest levels of government like that's if you hold the bags.

Speaker 1: 9:44

It's, uh, you know, your incentive, your incentive model, uh, changes quite differently, but, um, uh, dr G actually reached out to me. Uh, you know, he's from Ohio, big swing state, and he actually pointed out something that I didn't know. So, uh, jd Vance also is a huge proponent of open source AI.

Speaker 2: 10:09

Really.

Speaker 1: 10:09

Yes, which that's huge right. I mean what we learned from Dr G and just kind of delving deep into AI. I feel like crypto and AI. You hear more and more shows like Peter McCormack, like people are bringing AI folks on because the confluence of them is clearly coming together. You look at Nostra and you look at some of these apps that it's more of a decentralized social chain with payments and with so much. And the only way to really have AI where it can make money for you on its own is crypto. You obviously can't charge a credit card or use PayPal or Venmo. You know like those things blow and shit. Even they're in crypto. So I think that JD Vance point it certainly helped between the assassination attempt and announcing JD Vance, what's the polymarket number? I think it went up to 71%.

Speaker 2: 11:15

Yeah, that's what I saw Big time here.

Speaker 1: 11:17

let's take a look, let's see, there we go. So the presidential election winner yeah, he's up to. I think it went up to 71.

Speaker 2: 11:29

So it actually went back, but Biden's at 18%, I mean dude 18%, and I don't know they're going to ride with Biden, you know what I mean. And it's like there was opportunities for them to pivot and it just doesn't seem like it's going to happen. So, you know, it just feels like we're in. It's odd because it almost feels like we're in like a post-election you know session and it's just, you know it's. It's fascinating that, that it's almost like we fast forwarded, we know the answer and now you can kind of position yourself accordingly.

Speaker 1: 12:00

Yeah, absolutely, and I think a lot of people are doing that. So you've got a. So, to recap, obviously Donald Trump is speaking at Bitcoin Nashville next the 27th, I believe, is Friday or Saturday, so it's not the first couple of days. Uh, he's already. He's got JD Vance, who's not only into open source, ai, which I think is just as important as crypto and holding your own private keys, so that's a double win. Um, and they're they're already announcing. Trump announced this morning that that we, that America you know it's always america first, which is great, but we have to beat china in the crypto race. So you know, that's that's for for our industry. That's a lot of stars lining up and it just makes you wonder if the bitcoin standard, which was obviously invented and made genius by michael saylor, micro, if companies will start hedging thinking you know he at this point is looking likely to win and they'll start adopting the Bitcoin standard, aka putting more and more of their treasury into Bitcoin instead of US dollars.

Speaker 2: 13:22

That's a fascinating notion because we've seen, you know it's always. You see so much, you know cash on the balance sheet and all that stuff and you're, and it's like you know, we see that some of those companies where they're just maximizing the potential upside and seeing it, and you know you go back to the basics, right, you go back to the fixed supply, you go back to the scarcity and everything like that, and it almost becomes like you're non-fiduciary if you're not going to allocate towards that, like you're missing an opportunity or not benefiting. You know your shareholders, so you know just tiny amounts of these large companies, if they, you know position in there, will have significant, you know impact on you know us as retail guys and it'll just be really interesting to see.

Speaker 1: 14:05

Well, a%, and I did a tweet the other day and I'm getting more inspired in research and stuff. So there are 13 companies 13, most of them obviously tech companies, a couple of oil companies in there that hold $1 trillion in cash. So obviously that's Apple at like 165 billion. I think microsoft is right behind him at like 130 billion, but that's cash that's not like the revenue that comes in tomorrow. That's the cash that is literally just sitting somewhere as their war chest. I mean, can you imagine if they just started nibbling like a couple billion each of them at a time? I mean BlackRock's at 18 to 20 billion, that whole right, it's like it adds up.

Speaker 2: 14:53

It's unbelievable.

Speaker 1: 14:54

It adds up fast. Yeah, so the total net net of inflows and that obviously counts the GPTC 18 billion outflows, the net net up is 16 billion right there. So apple, google can you imagine if they just each put in three or four percent or something like to me if I was an employee of apple, if they had some, you know, tim hey here's the I'm on stage, here's the suggestion box.

Speaker 1: 15:21

You'd be like, yeah, tim, over here, like blue toshi and, and you know, sub vice president, assistant of accounting for the ipod touch. Uh, when are you going to use the bitcoin standard? Be like like I there's. I mean, you'd figure a tech company before anybody would be all over this, and at least I'm not saying put in all your treasure which, like like if I took over Apple today, a CEO not financial advice not at all.

Speaker 1: 15:51

What are you going to sue me for giving Apple advice and then they take it and be like well, it is blue toes she's fault. He did have that podcast and he did say we should do this. So it's really it's his fault, because seismic shift, seismic shift happened, shift happened. But you know I, if I came in as ceo of apple, which I'm kind of petitioning to do now, and I will take a salary of only 10 million dollars a year in a, in a year here 2.5 trillion dollar company.

Speaker 1: 16:16

That seems fair. Right, 10 million a year and the first thing I would do is put them on the bitcoin standard. I'd go all in because think about it if, if you are the first of one of these corporate juggernauts and let's say they just put like 40 billion and they were before Google, meta, nvidia and all these cash cows and they just put in like 40 billion over, I don't know, eight or nine months, like at some point, then you announce it. Everyone's going to copy you and right there, I've just been more profitable for you for the next like five to 10 years on your treasury. That doesn't have to do anything like and that's the Michael Saylor way.

Speaker 1: 16:54

That's why the guy is a genius and that's why, with these new accounting principles, I can't believe, with the seismic shift that happened this week, that companies aren't doing it. And maybe they are and maybe we'll hear about it in the next quarterly results. But like google, apple, all of you listening to this podcast, all you ceos out there, like, get on the bitcoin standard or at least at least start to nibble. It's legal, the irs rules. Like, you can do it in your treasury now it's not counted as a liability Like, do it Like. What are you waiting for?

Speaker 2: 17:31

Yeah, and you know you bring up that point and you brought up earlier. You know somebody kind of got in, somebody talked to Trump about like a competitive field day sort of thing against China, like oh, it's a race, let's see how we do that. So you'll have the nations kind of going, you'll have the companies going. So again you go back to 21 million and the whole thing. It appears to be so evident and obvious. And you're right, I would be surprised if it's not happening underneath the hood a little bit for sure.

Speaker 1: 18:02

So we'll see. So that Trump conversation spurs a lot of different elements. But yeah, if I there's a there's got to be with different organizations a hedge play going on here, and then, knowing that it's going that way, and even even if they didn't win the presidency or the house and the senate, I I mean they're, they're probably aligned to win all three there's such a strong force now of fighters that we're not going to stop. You know like it's way more organized, we know when to call our senators and Congress people. Like it's not going to stop. I still think companies, even if you're not hedging, like just do it, get involved.

Speaker 2: 18:43

So yeah, it appears to be a best practice, right, like it seems so obvious. So it's just I mean again, just taking a step back and looking at all this, right, it's like, so you have that side of it. You have, you know, all the lobby and there was some stuff that came out this week that I was looking at where you know it is it is behind the numbers, actually, that's just for donations to lobbying was close to $80 million in the past two years, which is up well over 1,000%. And it just leads to this question of Are we entering a phase where there's transparency on what has probably been happening forever, but with, like this total pay to play environment? It seems to feel like you know, so you have, you know the guy Gemini, like, so you always see the Winklevosses are contributing to this super PAC, or that you know, and it really is like, are we paying or putting like placards in place for positions or authority in this new kind of world order that we're seeing? And I know that sounds really drastic with a new world order, but we are looking at a completely new environment and I think of it this way, like I saw something on this a while ago or maybe yesterday about.

Speaker 2: 19:57

You know, have we legitimized what were kind of vices before because we can do them on our phones or do this or that. You saw gambling. You used to have to jump through hoops to find a bookie to do this or that and now you can ping it on your phone. All these sort of things have just become kind of normalized. You look at cannabis and all these things that weren't there are. Know, some of these vices are now normalized and accepted. And when we look at you know people contributing significant dollars it's for influence over you know how things are decided and how policies made, and it's just really kind of fascinating to see how transparent it is now because you're seeing, oh, elon may donate this much or this much might happen. So you're seeing people really kind of you know, organizing the seats at the next dinner table and I don't feel like it's ever been that public before. So it's just kind of interesting to reflect on that.

Speaker 1: 20:51

Yeah, no, that's a. That's a nice deep thought. I think it is pay to play. I think it has been for decades. Like you know, the more we look back, the more I think it has gotten worse and worse and worse over the years.

Speaker 1: 21:05

I mean, the best example of a TV show that just kind of wakes you up to how things really work was the Wire. When Stringer Bell is paying off that politician to, I think, start building like high rise not high rises, but like uh, tenement buildings and stuff like that, and then he gives the guy the money and the guy's like, hey, it takes time. You know, like you gotta keep feeding me. I mean, it was, it was such a great. I think that was uh season four. But yeah it, it is pay to play and it sucks and and I guess when you're quote unquote, the biggest capitalist society, that's how it works.

Speaker 1: 21:44

I just wonder if the Chevron deference could change that, because you don't have this swinging door going from the. You know these guys who leave the sec and who right now obviously are going into crypto. They're going into the space where they could probably make the most money and probably the most impact by going and talking to the people that they used to sit next to on the regulation side. So hopefully that revolving door calms down. But I guess I'm not naive to think that the graft and the take in DC is going to magically, just all of a sudden get better.

Speaker 1: 22:27

I guess, as Trump says, like draining the swamp. I hope it does, but I don't know. The one stat I heard is that Silicon Valley, as you would expect, had the most millionaires like 10, 15 years ago, but now it is decidedly Washington DC and you just wonder, like really who's generating value in DC, while the lobbyists are generating money for themselves? Like so it's just like you said. I think that stat alone kind of tells you everything you need to know. Like where is the money? And so all this taxpayer money we have, all this lobbying money. It just sloshes around there and it's creating a lot of very wealthy people in DC.

Speaker 2: 23:07

Yeah, I guess they call um the people who go from the public sector to lobbying. They call them revolvers. So there's like a percent of you know people and it's kind of the career path right, like you're going to go in and do that and then, you know, get a nice little parachute to to exert your influence for you know whoever hires you essentially. So it's it's remarkable that you know crypto has really it. Just if you look at it from a nine month to 12 month perspective, we were talking about how the election was going to change everything and how we were going to see the macro impact, but seeing it really manifest when we're only what? Three months away, it's just fascinating.

Speaker 1: 23:44

Yeah, absolutely. So we got Dragon saying uh-oh, I got to change fonts, but Dragon appreciate your comment. He says Bitcoin would be an amazing employee benefit for retention and recruiting talent too. Absolutely, I mean, if you think about it, you know you would be getting cutting edge people there for sure.

Speaker 1: 24:05

Right, like if, if I work for a company uh, I used to work for a big entertainment company back in the day like they're they've become. They used to be one of the coolest companies on the planet and have become, I would argue, fairly irrelevant uh, to say the least. Right, and that's just. You know. Yeah, I mean 10, 20 years, it, it, that's the kind of stuff that happened. But if I worked, if it was some midsize company and they're like oh, by the way, we also have like a match, it can either be in Bitcoin or this some employees would be like I don't care, but some be like they get it, I'm in, because they're going to be more likely to probably make the right decisions, uh, about the future of their business.

Speaker 1: 24:49

I remember one of the reasons I left my big entertainment corporate job was because this was right. When the iPod uh came out and the iPod was, if you think the iPhone was groundbreaking. The iPod is what kicked it all off and our company, like I said, the coolest company of that era did a deal with, like Microsoft, real player and if you don't know what that is, don't worry, it's as lame as it sounds. Like they've and I'm like you guys completely picked the wrong company. You're not. You're picking the established juggernaut in tech, you're not picking the one who's about to go meteoric. And it did.

Speaker 2: 25:28

Wow, that's an interesting I don't even remember that Microsoft offshoot or whatever it was.

Speaker 2: 25:33

Why would you so, yeah, so going back to just, you know, the politics side of it, you know we also saw, interestingly enough, ripple, you know also saw interestingly enough, ripple, you know, got behind and made a million dollar donation to john deaton's campaign against elizabeth warren.

Speaker 2: 25:49

So really starting to see that I know deaton had background with um, with ripple and xrp, you know, like supporting that from a legal perspective. So it's interesting that they came back and donated him and it just makes you think, like when we first talked about Deaton and Warren it was like oh, there's no way, like she's one of the most embedded incumbents and there's no chance that we're going to see a shift, you know, and see an upset there. But if people this close to election day are donating a million dollars like they're not doing that because they don't think there's a good chance or a possibility that that could actually happen and we could see her unseated. So seeing that come to life was really kind of interesting and made me start paying more attention to the numbers in that race and think about that for sure.

Speaker 1: 26:32

I think if she lost and then let's move on for political. But if she lost, that would be like everything else aside, because I still like RFK. He was the first Bitcoin candidate. I love his stuff on Vax. It's like there's there's. I don't agree with everything he says, but there's a lot I do agree with what he says, but I think we can all agree. Elizabeth Warren absolutely has to go. I don't know how long she's been a Senator. Probably this would be her third or fourth term, but like, see, uh, time to go.

Speaker 1: 27:03

Like you, like congratulations on being worthwhile like $70 million now. Like it's time for you to go. And and the fights you're fighting, the the. The biggest aha for me and the biggest patch of irony this year is when we reported that they wrote this whole anti-crypto. Don't know, it wasn't the chokepoint 2.0 thing, but they wrote this whole thing and it was like and thanks to the banking consortium who helped us write it like and elizabeth warren for those who were younger 20 years ago she was like anti banks and anti like the cabal of the banks and the monopoly that they had on money and and she's just full of crap. So if deaton beat her, that would be absolutely a bow tied for certainly our industry. And and it would show you like, go against crypto and you will lose like that would be such a seismic shift. Nobody, nobody, would go against it anymore. And the beauty is, once we have that firm footing there and people like her have been rooted out, we can fight the higher level fights.

Speaker 1: 28:10

Like you know, making sure you know I know it's on the Republican platform but holding your own private keys, always being able to do that that to me is just like when they tried to steal gold in the 1930s, like you're in, and they ended up not doing it because it became wildly unpopular because of one guy who stood up and then it kind of caused a ripple effect Cause he was kind of like you're not taking my gold, I dare you. And they didn't, and and that allowed. I think 30% of the people handed theirs in. The other 70 were like I'm good, I'm just gonna keep quiet, ride this one out. Yeah, so this one, that one's a huge fight and I think open source ai were.

Speaker 1: 28:51

You know, if anyone's been playing around with chat, gpt or anthropic, like you'll notice, especially around the election, that that you're not able to reproduce images of your two potential presidents and you're not even allowed to ask questions, it'll just be like, yep, I can't even answer that. So already the censorship crackdown has started happening there and you know I don't need to be told how to think. I want AI, which basically just scours everything. I. I want the truth and I want to find the answers that I want to find and, yeah, open source ai is is really the only way to do that. I love veniceai, that's the one I've been using and a lot of these pictures we're using on the show disc or venice. So hats off to them for, for, for, uh, for doing that. In fact, let's, let's transition, cause I think the next one let's see is the next one. Yeah, so that's that.

Speaker 2: 29:47

There we go.

Speaker 1: 29:47

Yeah, that's a Venice picture, um, all right, so let's, let's transition, cause it ties it ties right in to what's going on with the macro market. So Germany like see yeah.

Speaker 2: 30:00

I know I Germany like. See ya, I know I. It just a quick shout out to Spain and Argentina for winning their respective cups. I wish I could have seen the two of them compete against each other, but I guess we'll have to wait for the World Cup. But remember when everyone was rooting against Germany? You know, in the right in the middle of the dump.

Speaker 1: 30:15

So sorry, that just triggered a little soccer or football talk oh for sure I honestly I don't think Argentina, because Messi is not as good as he used to be. In fact, that striker who came in at the end, who was a part of helping score the goal was you know, messi's just getting older. I don't think Argentina would have a chance against Spain. Maybe England, because England's born to watch. I'm sure any Europeans will just start cursing me for that, but I don't think Spain was beatable this year. They were just so good all around.

Speaker 2: 30:50

Yeah, it was fun to watch and it's fun to watch the youth come around on there. So, yeah, it's kind of time for a little bit of a shifting of the power structure in that sport, for sure. But yeah, so Germany's done. And then everyone's like, oh, mount cox, and you know what it's, it's getting eaten up, it's just like pac-man, you know, it's like those, those, uh, those, what do they call them pac-man? I forget, but those are being just gobbled up by the etfs, essentially the dots.

Speaker 1: 31:17

The dots are getting up disco. I don't. I think that it was so, yeah, but in an eight bit game you can't call it anymore than a dot. Maybe there are power, and then there's like the little power, the four power balls in the corners, but I don't know what those are called. Uh, but Germany, germany is officially out. So that was just under 50,000 Bitcoin. I think that adds up to three or four billion dollars, but it was 50 000 bitcoin. To put it in perspective, microstrategy has 226 000 bitcoin. So about uh, you know, one one fourth to one fifth of what they had. It was a lot of bitcoin and that the fud happened. Then they sold within four or five days. Some of it came back and it's funny now that they're empty, people have been sending like $4 in Bitcoin. You're like Germany here, have your Bitcoin and give them like four bucks.

Speaker 2: 32:11

With like FU messages and stuff too. Yeah.

Speaker 1: 32:15

So they're sold 100% right, which is crazy, that the market could absorb 50 000 bitcoin like within a week. So mount gox has not that. They have actually not 47 000. About a third was distributed to kraken, but I do not believe kraken. Kraken has 14 days, so a very short window, but they still have time to distribute to their holders Okay.

Speaker 1: 32:43

So it's out of the yeah, so it's out of the here. I've got a great chart for this, but it's out of the Mt Gox wallet and it's not centered very well. But here's. So here's Mt Gox and the current holdings are 90K. It was 142K If, if you scroll here, just look above disco's head and for those of you who are watching, it's right, where's the big one? Yeah, it's like right, it's right under you, but they, yeah, so 47 000 went out um arkham, who does a great job, and they track germany really well, and now they're tracking the Mt Gox coins. It is believed they're going to Kraken. I believe Kraken did confirm that they had received it. You know, I know Disco gets very nervous and he always sends himself, like when he changes wallets, like .001 Bitcoin first. I wonder.

Speaker 2: 33:40

I'm a big test guy.

Speaker 1: 33:41

Yeah, I wonder if there's testers there be like and typo and gone forever. You know, because it's estimated that 10 of the bitcoin uh, right now I think we have 19.47 million, but I believe the guess is around 10 is lost. You know it's, it's in a laptop at the bottom of a uh, a trash heap, somewhere that, uh, the guy can't get to but uh, the get the guesstimate, I believe, was 10%. So there's, uh, you know, 1.97 million Bitcoin right there. So it's crazy. So so we will see my, my, this is not financial advice disco, but I was, I was. I've been nibbling a little more in the last couple of weeks.

Speaker 1: 34:23

Um, I didn't get right in when the FUD peaked. I kind of bought a little before in the sixties, but it's obviously already back. I think mid sixties now, uh, for Bitcoin. But I'm really waiting to see. You know, remember, 76% of the Mount Gox stuff was already. Whales came in or companies and said we'll give you 11% of the receipts due years ago and a lot of people were like, fine, I don't believe this is ever going to happen.

Speaker 1: 34:50

And now, these people who gave these, took the IOUs there, are going to just make a windfall, so are they going to keep it? Are they going to sell it? A little combination of both? It's going to be really interesting to see. I'm hoping there's one more dip, that not from Mt Gox FUD, but finally, after 10 years, from actually the Mt Gox selling. I hope there's a little dip. I'm definitely personally going to nibble in and stack as many stats as I can, cause I just after that, with all this momentum going into the summer, going into the fall, with, with the presidential race, with even the Democrats like they're talking out of both sides of their mouth, but obviously their stance is way lessened Like I just and and generally, after having, uh, the peak of Bitcoin in every cycle.

Speaker 1: 35:47

Hey, is it seven months? I thought it was like between like 12 and. Uh, most people are saying like at some point in 20, like they're saying late 2025, that'd be 18 months, but maybe, uh, maybe it's a little before that, but it doesn't happen right away is the point. So all these things, all these confluences, and then with the treasury stuff happening and allowing corporations to get it at some point Fidelity and iBit and all these, they're just going to get more and more and more from retail and from corporations and possibly state actors. So I think it's going to rip.

Speaker 2: 36:23

Yeah. So you see, we were talking about all of Germany and how that or Saxony or whatever it was right and that would have been offset by one corporation doing what you outlined earlier. You know that allocation would be just the 3 billion or whatever it is. That could just be like if one of those companies decided to buy. So when we start seeing that and you see the price recover off of those not necessarily even being live factors right now, it seems so inevitable and it feels as if FOMO on this front has been legitimized. It used to be like, oh, am I just manipulating myself into this FOMO? But now it's like no, it's now like due diligence, it's's. It's like there's an anchor of reality to the FOMO, which it's just kind of an interesting phase to be in. It's like dude grab more. I actually talked to my accountant yesterday and I think this may be tied to Larry Fink a bit, but they're talking about digital assets like crazy.

Speaker 2: 37:17

Now they're like well with your digital assets and how those are only going to be expanding their role. I'm like and they're like trying to tell me. They're like look at it like this. I'm like I haven't been in this space forever, but I know more than you about this Like simmer it out, don't like give me the one-on-one on. Well, you have to offset your stuff. You're really really buttoned up because AI, from an IRS and governmental perspective, will really up, will really supercharge their ability to, you know, kind of crunch numbers and track things. So just a word of advice for folks to think that you know they're never going to figure this out I think that they're going to. You know, get pretty advanced by utilizing some of these tools as well.

Speaker 1: 38:00

Yeah, absolutely Be, be careful out there. And if you make money, yeah, I mean you can try, but you know I'll always pay my pound of flesh to you know, whether I agree with all the the, the pound of flesh I have to give or not is another story. But uh, yeah, definitely be careful out there, cause the tools are getting more advanced, uh, from from every step of the way and it's interesting, like that 3 billion number that you mentioned. That's basically, you know, just inflows. That's like one month of ETFs, right, so that can be gobbled up quite, quite quickly.

Speaker 1: 38:37

Now, like I said, mt Gox, that one's going to be interesting and I'm hoping there's a little bit of sell-off Because after that, like you know, that Mt Gox FUD, I've been at it since 2015. And the Mt Gox FUD's been going on, if not 2015, shortly thereafter, so almost a decade that they've been talking about Like oh, and that dumps like Bitcoin's tank and never coming back. Well, we know it will come back, but I'd love to see it go down because there's nothing better when there's a dip and you know why.

Speaker 1: 39:08

There's a dip and it actually is selling you know, because if you don't know why and you're like, oh God, is some is? Are there insiders who know that some regulations going to come down and keep Americans from doing X, y or Z? Now, this one we know. So I'm hoping we hit the 40s or 50s one more time.

Speaker 2: 39:29

I know careful what you wish for, because it'll be terrifying when it happens. But if it does, I'm in. It's as if you were a fly in the wall of my kitchen over the weekend when I was adamantly telling my better half that this is a perfect opportunity because it's Germany's fault and it's not Bitcoin's fault and if we don't figure out a way to get a little bit more, we're going to be kicking ourselves next week because it'll open up. And I also knew this was interesting. I knew over the weekend, yeah, and I knew over the weekend that we were going to see some positive stuff.

Speaker 2: 39:52

Because I knew that Larry Fink was going to do the CNBC rounds Monday morning because they were doing their earnings. And sure as can be. He was out there Monday morning preaching to the TradFi masses that he was quote wrong about Bitcoin and has changed his tune. And I don't think that you talk about influencers and you talk about this or that, but you have a gentleman in the position of Mr Fink. Go on there and be very bullish on Bitcoin. That really, you know, kind of settles the feathers and settles the pillow and tucks people in a little bit more about making allocations in their stuff. It's like well, fink says it's okay, I love it.

Speaker 1: 40:37

But you're right and you know you and I were joking in the pre-show yesterday. Like he, there's influencers in our space. You know there's the runes influencers and you know the pure dgen and then ordinals influencers and then bitcoin influencers. He is the info. He is money influencer. Yeah, hedge fund wall street. Like you know, people are on the squawk box. He's on squawk box with uh, who's that guy? Kramer? What a dipshit guy is, but he's on there. You know, kramer, you see, do you see him defer? He's like oh.

Speaker 1: 41:10

Larry, you're the, you're the greatest.

Speaker 1: 41:16

Like it was just such a do I would impersonate him and say his name, but that would just be cruel, but he would just total total bootlicker on larry fink. But larry fink is basically I mean, think about what is like he didn't. He didn't mince those words, like the fact that he's like I made a mistake, like he thought what he was gonna say because, like big guys like that don't generally admit the wrong much. But he didn't do it because he's like hey, I gotta own up to the world. He did it because he knew, when you're trying to convince the normies and the masses of something, you basically say like, oh yeah, this is how I used to think, but I've like, like you normies, you morons over there, but now that I, I went down the rabbit hole and I've been doing it and I've been learning more and more.

Speaker 1: 42:10

And, oh, by the way, I have now, because of Bitcoin, 10 trillion assets under management at black rock. So I mean, he, in six months they have reaped more benefits. It's just amazing but more than anybody else 10.6 trillion under management. Bitcoin added or they added 51 billion in Q2, and iBit now has $21 billion in it. So you know, is Bitcoin the only game in there and they're the only arrow in their quiver? No, but it is a big one and it's the fastest growing ETF of all time, I mean it's and he is the spearhead of that and he's bringing it to the normies for us.

Speaker 2: 42:57

And looking like it's fascinating. You look at the actual quarterly report and they are crediting ETF inflows for their beating the street and beating expectations. So we talk about copycats and things like that. When other companies start seeing, while they're actually generating significant inflows and revenue, that's helping their bottom line, then something becomes legitimate.

Speaker 2: 43:23

And it does beg the question right of how much influence did mr fink have with ethereum and the turnaround on the ethereum etf? Because you know from being in sales in your background, right like you're only as good as your last quarter and you have a big quarter and you got to like match that the following year. So you're going to want to add more fuel to the you know kind of crypto ETF fodder and have another offering. So that's kind of the rumor now is that as soon as next Tuesday, the Ethereum ETF will be actually tradable. So if it, if it, I don't expect anything along the lines of you know the inflows that we've seen here, but even the percent that's kind of being speculated at is a significant jump up. So just the momentum train is just freaking rolling on these big picture things.

Speaker 1: 44:12

Yeah, and people are predicting that billions will inflow there as well. Inflow there as well. Obviously, the good news is we don't have the problem we had in Bitcoin, where a ton will then flow out of Grayscale. I know they have one, but I don't think the fees like it's. Just it's not as big of a market, so hopefully it's all net upside. I guess I'm still, you know, I hold way more Bitcoin than ETH, but I still hold some ETH and I'm I'm I'm really curious to see how the price will move, cause, you know, unlike Bitcoin, that's still adding. Uh, what are we? 400 Bitcoin a day, right? Uh, after the halving, we were 800, now we're 400 with Ethereum.

Speaker 1: 44:58

Um, sometimes it's actually deflationary, I think right now, because it's not being used quite as much. It's slightly inflationary, but it's still below like 1% inflation, so we'll almost just call that flat. And for people like me who stake, I'm like, well, I'm still getting, you know, staking rewards now, because I think everyone and their mother is starting to stake now. It's like 2.5%, 3%, but it's still like 2.5%, 3% of an asset that I know is, if not deflationary, pretty damn close to deflationary, and if it really gets adopted, it's going to be way more deflationary, but I don't know why. But I'm cautiously optimistic on that one because I'm probably not going to buy a ton in the ETH ETF, but maybe I'll have to make a closer look at it. Are you thinking of buying in on the ETF too?

Speaker 2: 45:50

Yes, okay, good, yeah, no, I really, and so I have the kind of my cycle perspective right. So I haven't been a part of. Oh, I got in with Bitcoin at 100 or 10,000 or anything like that. I got in on Ethereum at about 4,500, when the all-time high is 4,700. And you see Ethereum now maybe 3,300, 3,400 in that range, and it hasn't seen, from my perspective, that hyper percentage increase, and so I want to get one of those. And the same thing goes with Solana.

Speaker 2: 46:30

I do want to increase my exposure to Solana because we're still sitting like $100 under that all-time high, but it feels to me like that's going to get just pony-sticked over. We're just going to jump right past that and I want to be a part of one of those that really kind of goes up and be a part of kind of a zero to a hero on one of these tokens. So I definitely want to have exposure to Ethereum in any way I can. Again, I said I talked to my accountant yesterday. They're very excited about the ETFs and they're very excited about the retirement fund opportunities that they present. So when I zoom out and think of it from that way, it's like dude, there's no way I'm not going to have. You know a little, what am I going to do? Keep more, you know, nvidia like there's. You've got to diversify out of some of that stuff.

Speaker 1: 47:18

Yeah, and you know it's interesting, you keep bringing up the, this meeting with your accountant and I and I almost feel like I almost feel like it's this watershed moment, like we're like are the normies coming? Because we always based, we always based it around the thanksgiving table, but now, like we're going out, you know we still have to do normie things in this world, like talk to our accountants and go to banks and stuff and pay bills and pay mortgages and stuff. But now that they're coming to you with a pitch which is just so funny, you're like you know what, save the pitch if, or I'll give you feedback on your pitch, but don't, don't be pitching me. Digital assets I love that they're called like. Digital assets is such a it's such a palatable word, right, like it's such a corporate palatable word. You'd be like dude, save that.

Speaker 1: 48:06

But that is showing us in real time that you know, if we're on like a ski slope and we're like those old school skiers who don't like they don't believe in chairlifts, uh like when we were out in, uh sun valley, they literally will be like I did one run today. Be like, why only one? Because I walked up the mountain myself and my. You know those leather things you put at the bottom of skis. But my point is, in that chasm that all business school nerds learn, we are literally climbing up the hill we have been trudging for so long and now we are crossing that chasm and normies are now hitting you up and me up and everybody watching this in this space up for digital assets, like if that doesn't say the chasm has been crossed, I don't know what does.

Speaker 2: 48:56

Yeah, great it was. You're right, it was total watershed Cause. I'm sitting there like, I'm like wait, are you selling me, you know, because there's significant upside and you just want to make sure that you know, from a tax perspective, on your massive gains, you could. I'm like, on your massive gains, you could. I'm like what are you saying? I'm like thank you, finally, you know, and I'm like I'll, I'll let you know thanks, you should do do what was their pitch?

Speaker 2: 49:18

was it like because you're saying there's all these tax benefits no, what I did is I did a check-in because I had a little mr scary about like am I keeping track of my stuff? The right, you know well enough and you know I think it's such a daunting task these days. So I was like trying to just be like hey, this is where I'm at on some of this stuff. You know basic questions how far can I go back? Can I claim Luna as a loss? Can I carry it forward, all that sort of stuff? And I had to just Like I have some questions concerning my digital asset allocation and she just ran with digital assets and just like they just came back from a conference or something.

Speaker 2: 49:53

You could tell where it's like no, we need to be. If we don't, if we don't sound like we're up to date and understand this, then we're going to look irrelevant. So you have these different professions within the financial structure. You know having to teach themselves up or learn themselves up to be in order to maintain relevance, especially with the younger demographic, because it's like if you're, if you're an accountant and you're not able to speak to it, then you're going to certainly lose a lot of relevance. So it was. It was a fascinating turning point, for sure.

Speaker 1: 50:20

We have arrived. The only thing that hasn't arrived yet is the really the, the skyrocketing of of Bitcoin and, to your point, ethereum, like the fact that Bitcoin hasn't reached a hundred grand yet, maybe the, maybe the Mount Goxfud was enough and maybe we're just. There's always going to be this delay, but at some point. You know. I actually checked last week. I wish I had it up here, but remember how we always used to check the amount of Bitcoin on the exchanges.

Speaker 1: 50:52

It's way less now it's way, really, yeah, of course, right. So like every week we do it and it'd change, like it go up and down a little depending on the FUD, uh, and the bull. Obviously it went up like at the beginning of this year, 2024, but it's so much more has been pulled off there. I mean, speaking of Larry Fink, do you know how much Bitcoin they have under management? No, 322,000 Bitcoin Shut up. Really. So yeah, and tell me if I'm repeating myself.

Speaker 1: 51:30

I feel like I did this at the beginning of the show, but I don't think I did. That is more bitcoin than the mount gox recovery 147 or whatever. Uh, what? Germany just got rid of 50. Galaxy, which is 17.5, marathon holdings, which is the biggest miner in the world, tesla, who has 10,000, coinbase, who has 9,000, el Salvador, who has 6,000, and the UK, who has, I think, 60,000 combined. It just gobbled it, man, yeah. So, putting it in perspective, so we've got iBit, that's got 322,000 micro, so one could then figure I think Fidelity is just about half, so they're probably about 160,000. You got MicroStrategy at 226,000. So iBit's crushed them, but MicroStrategy is a company who holds it themselves and iBit obviously holds it for us, right?

Speaker 2: 52:29

So kind of On behalf kind of on behalf of.

Speaker 1: 52:31

On behalf of us. China has 190 000, the us has 210 000, so they have more. The black rock, that 10 trillion dollar asset manager, has more than anybody else. Uh, and then I already told you which ones combined. It's a lot, and it's only remember six months ago they had zero.

Speaker 2: 52:56

It's just so rapid and it just got absorbed. They just absorbed it and what's their job? To make money right. So they understand that it's a wise asset and a wise investment. Just something that I saw that I don't know why I thought this was so interesting, but it kind of speaks to the adoption going on around the country. But it was interesting.

Speaker 2: 53:22

The city of Santa Monica, their city council, unanimously approved a Santa Monica Bitcoin office and part of the rationalization was that they've seen kind of a downturn since the pandemic just in, you know, the city revenue and things like that. And they're like we would like to associate ourselves with Bitcoin and being very Bitcoin friendly. And the vice mayor that proposed it actually went down and spent time studying El Salvador and came back with some kind of practices there. So again, just another unique example of that really being breaking through. When you have a city council, you know that's hard to get unanimous approval for anything right, and they went seven and O in favor of, you know, starting a pilot program with the Santa Monica Bitcoin office. So when we start seeing municipalities be, hey, we're the. You know we saw it with the political parties, but now we're going to see it, you know, almost luring, you know residents or businesses to you know stake their claim in these different markets, like that's a real, significant transition as well.

Speaker 1: 54:25

Yeah, absolutely. And another one, just in terms of adoption, is that Russia is now looking to add crypto to its exchanges. So it's funny because there's too little like there's the angel and devil on my shoulder. Part of me is like is this like the? I don't know, obviously Putin's not in the Davos crowd, but is like this the global elite like all being like fine, we're in a Bitcoin, let's try and control it by just owning it all. Or is it like it is literally an arms race now to hold Bitcoin and other crypto and to make sure you do not fall behind because with all this global adoption, it does not?

Speaker 1: 55:13

Well, I was going to say it doesn't bode well for the US dollar because you have a true off-ramp. But if the US dollar is the number one stable coin or the current global global reserve currency, if they play it right and if us government maybe has enough bitcoin, that might be the way to have the softest landing. I mean, can you imagine if the us government I mean we just said they have 210 000 bitcoin for the biggest, most powerful country in the world, that's? I mean. I mean, let's be honest, that's nothing right Like you'd think they'd have, you know, because, remember, 322,000 Bitcoin for BlackRock? That's 1.5% of the total supply that is mined or will ever be mined. That's 1.5%. So that's just what? Under 1%, oh no, I'm sorry. So the United States owns 1%. They would be ridiculously foolish to get rid of it. That's why Germany was so stupid as a uh for national security to get rid of that Bitcoin and that's why we're all making fun of them. But, um, it's, it's opening up and the floodgates are opening.

Speaker 1: 56:27

Um, another fact I heard I'm going to get it wrong, but it ties everything back to the individual, because we're talking now. We're talking state actors and the most powerful countries in the world. There are, I think there's like 20 or 30 million millionaires in the world. Like, being a millionaire obviously isn't a big deal, as it was in the 70s. Well, there's 21 million Bitcoin. So let's just say that's a one-to-one like at some point, if every millionaire that doesn't even count companies or anything like that like the math, just like it makes you realize like, well, if you're a millionaire or an entity worth way more again, what are you doing? Why aren't you holding at least one? Like you're? You're a fool, I. I think this could be the biggest transfer of wealth that possibly humanity has ever seen, to a new kind of class of people and the development of a completely new asset.

Speaker 2: 57:30

You know, like that it's. It's I mean, you didn't just discover gold, you know what I mean or but it's like this has been created and it's now legitimized, and there's. I just don't see a limit to where it's going to go and to the desire to possess it. You know what I mean from what you're saying and looking at it's going to go and to the desire to possess it. You know what I mean From what you're saying and looking at. It's like that's piddly winks amounts for the U? S to have. Like what are you doing? Like gobble it up, like you're going to regret it. It makes no sense.

Speaker 1: 58:00

I love that t-shirt. I just looked it up while you were talking it's 59 million millionaires. I'm sure with inflation that number, actually I'll bet it was 21 million, like four or five years ago. So basically, that's a three X from what I just said, right? So that puts even more pressure. So if you're a millionaire or more, again, what like put 1% or 2% or 3%? But it sounds like you're saying the normies just approached you about digital assets and I wish you had been like you're saying the normies just approached you about digital assets and I wish you had been like give me the forms, give me the show me the brochures, show, will you show me your pitch deck? Like there'll be something like well, here and here's a digital asset, how you can you know how it goes up, when, when demand goes up, and there's only, there's only 21 million, you know, and then be like well, ethereum, is it deflationary?

Speaker 2: 58:50

or like, just ask, start asking him harder and harder, just be a total smart ass, like it'd be so fun. But I, I I just wanted to get off the phone because I was like this is fascinating to me, um, but yeah it's, it's going down. It's just so interesting to see happen. And I know they have like some caveat in the russia proposal or whatever to limit the circle of qualified investors. So you know that's like OK, you mean really important people in important rich.

Speaker 1: 59:18

Yeah, it's a high bar because an accredited investor in America, I believe you have to have net worth of a million and maybe a certain salary. But I think if you hit the net worth of a million you're fine, whereas there it's probably higher. But I assume they want to use the collective, obviously with all the sanctions they have against them. I'm shocked. They haven't been doing this for years, but maybe now it's just they have been the mucky mucks have and now it's going down the chain.

Speaker 1: 59:50

I mean it just seems like state actors like I mean, if they get involved, like, oh my god, you know, like you, you have different size. You're like, wow, look at micro strategy, that's a whale. Oh, look at michael dell, that's an even bigger whale. Look at apple, that's even bigger, bigger, bigger. Look at Apple, that's even bigger, bigger, bigger whale. And then state actors are just like with their gold and their war planes and they can print money to buy, and you could deflate your currency to just buy more and more Bitcoin, probably benefiting your people. But it's slowly, suddenly all at once.

Speaker 2: 1:00:28

When you say you think it could represent the biggest wealth transfer or that shift, do you think that it still has that element of bringing people up or do you think it's going to just be the haves are just going to have this too? You know what I mean, because there was always kind of this democratization movement thought of like, oh well, you know everyone can get involved and this is, you know everyone can hold it. But it kind of feels a little bit like you better hurry up. You know, like so really the FOMO for a retail or someone trying to, you know, ladder up their socioeconomic status by being involved in this, that window really is shutting quickly, right?

Speaker 1: 1:01:14

Well, but is it though? Because think about it, was it Linhold? And someone made a really good point when the demand for Bitcoin goes up and people buy Bitcoin because there's a limited supply, the price doesn't go up linearly, it goes up exponentially because you're just taking that much more off. So, as long as, as long as you can beat the, the masses in, you will catch the next run. I think there's going to be, in these next couple halvings, in the next, you know, eight to 12 years there's going to be. You know some people are predicting 150 peak at this cycle. I think the consensus, really more, is in the 300,000 range.

Speaker 1: 1:01:59

But you know you've got Fidelity and some of these guys predicting a million dollar Bitcoin by 2030. And I think I even saw like by 2038, 2040, it was like a billion dollar Bitcoin, and that sounds so crazy. But you forget there's two things happening. There's Bitcoin going up, the demand going up, so the linear demand going up and more people buying linearly, the cost goes up exponentially. But also the inflation of the US dollar and other currencies is what? So the value of that goes up compared to the currency that's already inflighting. So that's why their predictions seem insanely unrealistic in the long term, because we can't predict where you know a hot dog would be $148. But you know if, if we go at this pace from the seventies and 80s, it could be by 2024 and 2050.

Speaker 2: 1:02:56

I mean, when you say, oh, people are predicting X for this cycle, we potentially are out of cycles for this too. You know what I mean. I know that that's the roadmap up to this point is oh, we cycle, we hit all time high in build back up. I don't necessarily know if we need to look at it from a cycle perspective. Moving forward.

Speaker 1: 1:03:16

Right, yeah, I mean it's because all it, the demand, is going to be the main driver. The cycle is just cutting the Bitcoin rewards in half for the amount of inflation for Bitcoin in this cycle only helps matters by limiting that supply, because at some point, as it appreciates against the dollar, more and more people are going to run there and the more adoption it gets. It's like the law of the hundredth monkey. A monkey washes a banana on an island and then all of a sudden, like slowly, other monkeys around him wash the banana, but suddenly, like you get to a critical mass, they say it's 100 monkeys or whatever. Then on other islands, not seeing these monkeys obviously they can't fly in a little pontoon plane or whatever to visit them they just all of a sudden do that, almost like through the collective consciousness or the psyche.

Speaker 1: 1:04:08

So I'm, I'm, I'm a firm believer that that we, we are, we've been crabbing for a couple months now. Um it, you know we. We started it was a bear, then it was a bull, the beginning of this year, and now we've been crabbing. But now remember how we felt, member, like we knew, remember, like was that November, december? You were like wait, is this a bull?

Speaker 1: 1:04:32

Are we about to be in a bull? I'm like I think this is the bull.

Speaker 2: 1:04:35

Yeah, like you know you never.

Speaker 1: 1:04:37

It always creeps up on you. It's always hindsight where you realize whether you're in the bull or the bear. But we, I think we, I can feel it again. I think everybody can, with all the tides that are happening from politics.

Speaker 2: 1:04:54

Uh, you know all the way down and it's inevitable yeah, when we, when we uh log off, I'm gonna go try to buy some full disclosure.

Speaker 1: 1:05:04

That's where I'm going, like I'm stacking stats while we're talking, let's see where is it so 64? It's down a little at 64.4 again, so it's below 65. I'm just yeah, I'm just waiting for that. That mount gox I. I feel like somebody in that group is going to sell and make a huge windfall. So, uh, I definitely want to be there to try and scoop some of that up. Um, but our final story today, um, and what a good one to finish on, um Craig right this this is from.

Speaker 2: 1:05:37

Craig Wright.

Speaker 1: 1:05:38

It's from his website and Craig Wright was, you know, part of the. He was a part of the OG group that you know was into Bitcoin, uh, way back in the day the day and helped shape how it was today. I'm probably giving him too much credit, but he's been around a long time. Well, he's gone after a lot of people and made their lives hell, because in the UK, if you have a lot of money, you can basically sue them and make their lives hell and there's nothing they could do. They have to pay for legal fees and defend themselves, uh, if you slander them.

Speaker 1: 1:06:13

And uh, the freedom of speech laws are not as good as they are, uh, in the U? S and in the Netherlands and in other parts of the world, uh. So Craig Wright was told by the judge that on his website and on I don't know if you saw an X this morning, he posted a tweet. But Craig Wright has legally stated to all of us that he is not Satoshi Nakamoto. Now he is appealing this, he is fighting it, but for now I believe it's Eric Voorhees said Craig Wright is the only person in the world who definitively is not Satoshi Nakamoto and the rest of us are Satoshi Nakamoto Cause. That's how it should be. So great F you for making other people's lives hell for something that you couldn't even back up. And even if you were Satoshi Nakamoto, why the hell are you going after, like, innocent people who are doing the news and stating their opinion on you? Can't you take it? Come on, dude.

Speaker 1: 1:07:09

Um, anyway, so that was a huge high doing the news and stating their opinion on you. Can't you take it? Come on, dude.

Speaker 2: 1:07:14

Anyway. So that was a huge high point of the week. That was awesome. And speaking of disclaimers, we do this show for entertainment purposes. Please don't consider anything to be true financial advice. Do your own research and have your own plan and stick to it. Stick to your plan and, uh, do your best out there.

Speaker 1: 1:07:30

Absolutely Take care of everybody and tell your friends and uh. For those in Nashville, I will be there, so I hope to see some of you there. If you are, uh, hit me up.