The video provides a sharp analysis of Bitcoin’s fixed supply as a necessary antidote to the systemic debasement of fiat currencies. It effectively frames digital scarcity as a sovereign tool for preserving the value of human labor across time.
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Bitcoin Is Back. What's Next?
Added:[music] Good morning, good afternoon, good evening. How are you guys doing? Forest, Jerry, Joe, it's amazing. We We're only four people. That feels like it's an empty room this week. Last week it was a was a lot of people on uh quick round.
How are you guys doing?
>> I'm doing good.
>> We're rich again.
>> Yes.
Yeah, I'm looking at my um my block over there >> and I'm only getting uh 1,5 sats per USD is what it looks like right now on my block clock. So, um feeling rich in net worth as we kind of begin to move up here, but uh you know, you get less sats. So, it's it's a bit of a you know, double-edged sword in that way.
>> I want to start off today with some housekeeping. We will do uh this year um we do do this year next week we will do the live stream only on this channel. So we will do this channel BTC mastermind um it's like at BTC mastermind you can just go there YouTube mastermind and this will be the only place next week where we'll actually do the live stream. So this week it's still on everyone's stream. It's on Jerry's forest um chores, but next week it will just be the BDC mastermind channel. So uh if you want to make sure you catch next week's episode or live stream as well, make sure to subscribe there and do that. Um I haven't even subscribed with my own channel. I have to fix that now. [laughter] So [clears throat] uh make sure to to head over there.
Uh, Robin, I just want to point out point out one thing here. The description on the BTC mastermind, it says BTC be the chance. Should be be the change.
[laughter] >> Be the chance.
>> That must be Austrian.
>> That must be an an Austrian uh thinking in in English. [laughter] >> I love that. Be a chance. I mean, it has a nice ring to it. Be a chance. Uh, but the change is better.
>> It also works.
>> Good looking chat so far. Yeah. So, just head over to uh head over to the new channel. Take a take a minute now because you're not going to remember next Tuesday. You're going to be looking for it on Jerry's channel or Forest or Robin's. So, just hop over there, subscribe, turn the notification on, you'll be notified when we go live. And uh Bob's your uncle. You'll we'll be all in one chat next week. I'm excited for it. I can't wait. I've been patiently waiting for that to happen because the chat's always buzzing. But it's all dispersed. There's people talking about one thing over here, a comment over here. We can bring them up on screen, but it's just better when everybody's together.
>> Yeah. And um there's also people talking to each other in the chats. And I think it's sometimes um confusing if we bring something up because people are talking in the chat about it and then other people are like, "What the hell are they talking about?" Because I haven't seen the context of the of the live chat. So, I think it's just like a a a normal thing to do. We should have tried it so much earlier. That was a good idea.
Sure. I had that idea today. So, uh thank you so much for that. Um what are what are you guys thinking about the price action? Are we a little bit happier uh this week? 10% richer, 10% smarter.
>> I think Bitcoin has been really boring for the last little while. And I don't think that this is spectacularly exciting. I mean, this is, you know, our topic for a reason. I think it is kind a little exciting that we're that we're seeing some price movement here, but we're kind of still just trading within these bands, like these these really kind of low compressed bands. People can think seasonality of, you know, everybody's on vacation in summer, nobody cares. Some, you know, wind was taken out of our sales with the AI trade and the debasement trade and Bitcoin is done, right? Bare market until o, you can just wait till October, right? The lows will be in October. Just wait till then. it sort of becomes a self-fulfilling prophecy and and all of that. And really, we've just seen low amounts of liquidity, low amounts of volume, price just kind of staying sideways. And I think that that when that happens, people get lulled into this sense of that's going to be what it is, right? And I think that's actually the exact opposite because the low liquidity means that essentially or sorry the low volume means that essentially if there's any sense of hey this thing let's sell this thing or let's buy this thing by a by a a larger sect of of money um this thing moves rapidly. And so like the analogy that people use is when there's not much price action that's a compression of the spring and the spring will move either direction. And that's sort of the thing that you, you know, you can kind of guess at or bet at or whatever, right?
But um that is what happens with Bitcoin is it just kind of trades within these these ranges that are boring and then it moves violently in one direction. And I think that's going to be fun when we see that happen again.
I just realized uh Bitcoin price moved up and we talked last uh I think last week about that with Lou that the YouTube money hasn't showed up showed up. I think it comes at like on the 21st officially but for me it always lands in the bank account at like the 22nd or 23rd. So how you guys how you doing Lou as the as the YouTube man? [laughter] >> Oh he's smiling. He's smiling today. n you know sometimes it get sends me an email that you got paid or like Google AdSense will send you the email but it never gets there till like later in the day. So I just I wait till the next day.
Now, if it's not there the next day, I'm super worried. But like I told you, right? Like Bitcoin is already, you know, like it's like from from 58, which it was probably about three weeks ago, and now today you get paid and Bitcoin is already up like, you know, 12% or whatever. 66,000. But it is what it is.
I hope everybody's good though. George, Robin, Forest, Jerry, how you feeling?
you. I I don't know if you've seen it, but I've tried to put you on the thumbnail. I tried to edit one of your images to get you on the thumbnail, and Gemini told me, "You're too famous. I cannot edit your picture." [laughter] >> Oh, that that you got to use Grock or you got to use Tragic BT. So, I use both because for to make my thumbnails sometimes it gives me uh guidelines um that we can't do this because our it's against our guidelines or whatever because people might be too famous or whatever. Um like I try to do CNN sometimes like for a thumbnail and it gives me no you can't use CNN. So, I go to Grock. So, yeah, I would say a different different AI uh different software for sure because I'll help you I'll help you with that. I'm sorry. Uh I was kind of late. Um uh somebody uh very close person of mine passed away yesterday. So I've been trying to you know uh get together a lot of the information. He was my baseball coach.
Uh so uh devastating loss. Uh but yeah, man. Uh talking about Bitcoin is good.
It makes me feel better. So we're here.
We're here.
>> Sorry to hear that. Sorry to hear that, bro.
>> Yeah. Yeah. Life is short, man. 63 years old. But uh it just puts you uh it puts it in perspective. life. Uh it's all about perspective. So, but yeah, we're going to be flying out to New York uh probably sometime this week and next week to, you know, funeral arrangements and stuff like that. But yeah, Chad GBT, bro. Chad GBT is better.
>> I think this those moments are always also um good to appreciate that time is the only thing way more valuable than than anything that we're doing like Bitcoin or like YouTube or live streaming or whatever it is. um especially um like bitcoiners have this like oh I want to save as many sats as possible I want to save as many bitcoin as possible and that's that's okay like the accumulation of it but then we have to realize um time is the only thing more rare more uh you you can't make it back you can you can make more bitcoin uh you you can uh start a business you can uh get a better job whatever you you can make more ss but time when it's gone it's it's gone it's it's hard to make it back. At least we're not there yet where medicine might be further with like Brian Johnson, but that's a whole another can of worms. So, uh I I'll not open that one. But yeah, like time is the only thing more rare and more valuable than than Bitcoin. I would say >> to to add to that, I I will say this, right? Yesterday, uh when I found out, I was going through pictures and all of these things and and I was like, you know, you start to question, right?
Because Bitcoin, like I like we we spoke about, I think it was last week, it's it's more than just money, right? Like it it gives you perspective. It helps you understand life a lot more. And so what I'm I'm laying there and I'm like, you know, you got all this sadness and you and you you're trying to you're trying to figure out what what am I doing this for? Like what what am I chasing? What what am I trying to get out of life? because, you know, he was a and this goes for anybody because I'm not sure if you guys have lost people.
This is the first close person I've lost in my life. And and so I'm like, what am I doing? And I think that to Robin's point, it's it's time. Um that's what I'm chasing. I'm chasing, you know, time. I I'm I'm chasing trying to and I hope this makes sense, but I'm trying to gain more time. So, I'm trying to we we're all trying to work hard so that way one day we're able to uh be able to spend more time. And so, imagine that you spend all this time and and you're doing all these things in life and that you're getting money out of it. And money is supposed to help you. It's supposed to be the vehicle uh where you you spend it or you use it so that way you could spend more time with your family and and then but but you can't though, right? because when you get the money, you know, 5 years later that the time gets cut short because that money becomes worth less. Um, so it's crazy that I think that's what Bitcoin has done because I'm like in the bed thinking about sadness and I'm thinking about, you know, what it is that I'm searching for in this life. And I'm like, I think I'm doing the right thing because I'm storing all my time, energy, and everything that I'm giving out to this world into something that another person or a government or or the Federal Reserve can't print more of. And so life is all about perspective. What are we doing this for? I would say that uh Bitcoin puts it puts it there. Uh it's unfortunately there's the last thing I'll say. I don't want to hold it up too long, but there's a lot of people that unfortunately are not probably not going to make it to a Bitcoin being $1 million price USD wise. That that is unfortunate to me because I think that a lot of people throughout the 17ear journey that Bitcoin has been on and a lot of people hop on they hop on in different phases.
Some people they hop on just to make some money, bull market this, bull market that bare market. But unfortunately, there won't be a lot of people that will make it to a USD price of 1 million. And that [ __ ] makes me sad. [laughter] >> It's an very interesting topic. Like I I love thinking about Bitcoin as time.
GG's done a whole series on how the time chain itself represents a new version of time. But I think what Lou is saying there is like fiat steals your time, your life, your energy. And I I don't think people really understand that. I think if people did understand that, they'd be a lot more pissed off at what's happening in the governments with the central banks. But Bitcoin itself, it allows you to store like what is money? Money is a an abstract version of your time and energy. That's what it is.
It's it's a representation of that. And so when people can print more of that same thing that you're storing your time and energy in, it takes away from yours.
So what Bitcoin does is it stores that in a perfect battery that nobody can take, nobody can debase. uh you send a bitcoin to cold storage today, you open that up in 100 years from now, it'll still say 100 million sats. There's no fees, there's no property taxes, nobody has the ability to create more units and debase yours. And so it buys you time.
And I think the other thing that people miss with Bitcoin is that it it saves you actual time in life because if you're not in Bitcoin right now, you're chasing the next AI stock or trying to figure out what countries are doing with their interest rates and trying to pay attention to all that [ __ ] and it's taking your own time and energy from your life. So, Bitcoin, you just take what you provide, you put that into Bitcoin form, and it's as simple as that. You get back time in the future, but you also get time back today because you don't have to worry about all that other [ __ ] of being a professional investor or paying somebody else to do it and outsourcing it to them. So, I just think that that's a super underrated aspect of Bitcoin and very applicable to the conversation today.
It's a good way to think about it.
I often think about the the optionality of of of Bitcoin that that Bitcoin give you because I I made that I think we talked about with that in detail with with Rashad on my channel one time where I'm asking him like what is retirement and we went in this whole side tension of what do you actually when when people are are getting like I want to retire what do they actually want because I think only very few or maybe nobody really wants to just do nothing. I think because if you're just like sitting on your ass all day long and maybe it's it's fun for like two weeks, maybe it's fun for a month, maybe it's even fun for a whole year just like sit around and do nothing. But I think you degrade your body, you decreate your soul, you degrade your your mind, and you're basically getting ready to die. I I think um and so like people always want to do something. And so what do they actually mean by I want to retire on Bitcoin. I want to um get X amount of Bitcoin and that man. I I think people just want to have optionality to say goodbye to the job to say like I don't want to do this. I don't want to go there. I don't want to do this. like this is if you think think about time um if you got a job and you have to work work there and if you don't show up you don't get paid and uh you just like want to do something fun or you have to go to funeral or you just like don't feel like it today with Bitcoin if you have enough in the stack and you have optionality you have that sense of like I can also not do this and prior something else so I think It's very important that we save and the the value of saving money is completely lost because people like just like gamble and people got pushed out of the risk curve and like do all that [ __ ] and uh not save money. And then when I call Bitcoin savings like people ridicule me um because it's so volatile.
Even some Bitcoiners uh attack me lately because oh you cannot call it savings because it's volatile. I'm like I still call it saving. You can call it whatever you want. For me, for me that's my savings account. So, it's very important I think that we have savings and we can rely on something.
>> Absolutely. Oh, go ahead for >> No, no, no. Jerry, it's all you, man.
>> Thanks, man. Um, well said, guys. I'm uh, you know, I guess I'm the elder statesman here. I was born 1975, so I'm a completely different generation than you guys.
>> Same year as Satoshi.
>> Yeah, but I'm a couple months older than him, too. So, my birthday's January, but um you know, I've seen a lot of people um come and go. I know this is a big one for you, Lou. And again, I'm sorry to hear that about your coach, man. That's that's a big one. But, um you know, it's crazy when you when you when you think about the people that was that were in your life and your life and everything.
>> And every time I go and visit uh you know, my both my grandparents are gone.
And I'm not trying to like being sad and all the stuff, [laughter] but your your life uh it's crazy. like you know I study history about the great men and all these things and then the one thing that always sticks out to me is when you look at somebody's tombstone and you see the year they were born the year they die and then that dash in between and that dash is somebody's whole life and it's like you know what are you going to do with that dash you know and with Bitcoin yes it does give us time and all you guys are correct on that but us as people that talk for a living and are doing a um you know whether we know it or not, we are in a revolution against the central bankers and the Fed and all that stuff. I believe and you know people laugh at me when I say um you know one day they're going to build statues of you because you're st stacking Bitcoin for your family or whatever but guys like us and people that are into Bitcoin. I think Bitcoin gives you just a totally different aspect of what you're going to do with that Dash in your life. And if Bitcoin does what it's supposed to do, uh, people are going to look back at what you guys are doing today and say, "Wow, your life really meant something." I was watching something the other day about Thomas Jefferson's, you know, great great times six grandkids and they're still talking about them because what he did 200 almost 300 years ago. So again, just remember guys, I know it's tough right now and the price is this and that, but um, just remember when you when you look at your loved ones, you look at that dash their whole life.
think about what your dash is and what you're going to do with your life.
>> Yeah. And I was I I was going to go off on uh a little bit of what Robin was saying where he he considers Bitcoin as savings. And I think that um that's the way I think about it as well. And I was listening to somebody talk about the situation in in South Korea cuz there's sort of a bit of a market speculation bubble going on with Samsung and SKHEX and sort of the chip manufacturers or um basically the technology stocks that are going to benefit from hyperscaling purchasing and AI buildout in America.
And the reason that uh those companies are experiencing such high growth is because the unaffordability of of real estate in in South Korea for the youth. So instead of like and it's it's sort of cultural to like get get a home, have a family, this is your wealth, you're storing it in your real estate and that's part of why the real estate went up so much and is so unaffordable. And so there's a huge push like from the government, from influencers, from the finance people in that country to invest in the stock market instead. And they're not just investing in the the the stock market, but they're buying leveraged ETFs with borrowed money. And whenever there's any sort of correction or, you know, wavering in the macroeconomics, the competitive business cycle, like you know, it's so competitive, right? And that's what differentiates Bitcoin to me and why it's savings is you're there is no competition. There is nothing else like Bitcoin. The the closest thing is this analog historically relevant atom that we extract and refine which is gold. And it's just it's so different and like very difficult to compare it.
Um whereas people you know and again this is sort of a microcosm to paint the picture more broadly but in South Korea they're thinking well my savings is leveraged gambling in a highly speculative environment stock market environment. And it's just it's so crazy that people are having to do that. Like that's how like there's people that are doing that and they feel like they have to because that's the only way to get ahead. That's the only way to replicate what their uh parents were able to do with real estate. They have to do this in this leveraged fashion in the stock market. And it's just another form of gambling, but it's seen as responsible to some degree, right? Obviously further further you go leveraged or whatever maybe not but even still like it's just so crazy that we all have to I mean we all say this a lot but you have to become a speculator an investor uh you know a markets expert to just save your wealth because the money is debasing at such a rate that you have to protect it somehow and it's so criminal that you have to learn those skills and and take those risks um instead of being able to focus on your craft on your profession on your passions on providing value in the world. You have to al also have a side hustle of being able to time the markets and invest in things. It's just crazy. And Bitcoin is just simplifies that. It just takes that equation out.
This is sound money. There's no serious competitor. This is uh you know this is money. It's it's that simple.
>> That's the message though. That's that's the that's the Bitcoin message. I think um to forest point there uh I was watching uh I don't know who was it uh uh what is his name? What is his name?
I'm having a brain freeze video.
>> Jerry loves freedom. [laughter] >> Andre Jick. Andre Jick. He was making a video about uh Cosby um which is the South Korean stock market or their stock market if I'm not mistaken. And he was talking about uh the leveraging overleveraging from all these uh college students. I mean it was just one of the craziest stories uh that we're seeing.
But back to what me and George and Jerry was talking about last week, uh, which was the real estate and, uh, just everything about, you know, maybe if something collapses, if something doesn't, but I think that message is the broken money message is what will get millions of people to Bitcoin, not just to make money, but to understand the problem. And I think that that's it. I think that that was the great explanation. I would clip that. I'm going to try to clip that. Uh because that was such a great explanation as to what what the because we're always trying to figure out, you know, I think uh we always talk about, you know, how what Bitcoiners could say that's better to to connect with people. And I think there's a lot of people doing a lot of great things and jobs to connect, but I think um you know, basically letting people know like, hey, there's a debasement trade that has been happening now for a very long time. People don't have that. I didn't have an idea. I didn't even know the basement trade.
What what does that mean? Well, it just means that the dollar is always being debased. It's going to continue to be debased the more they print more of it.
And people are always trying to find a way to beat that, right? They're trying to find a way to beat the inflation that's going to happen. And so they start investing in things that we shouldn't be investing in real estate. What do you mean real estate?
Like we're we're we're putting all our equity or or our money in this home and and we hope it goes up over time. And that's what the boomer generation is facing. It's like we hate y'all. Like we don't we we don't hate I don't hate the boomers, but it's just more like yo, like these these socialist communists, they're not born out of nowhere. They're born out of that. That's the problem.
You can't afford anything. And you know, the solutions should be to incentivize uh and build more and not take. But I think that a lot of the problems that we are seeing are are coming from that. And to the next point is this talk about oh Bitcoin price is down. Bitcoin bro it say 66,000.
In 2020 it was 3,000. 2017 it was like [ __ ] 800. Like like I think it's so yeah we got into the market you you might have gotten in at 126 and you feel like [ __ ] Sure. But like to look at the the Bitcoin and be down on it I think that is so crazy to me. It's a $1.3 trillion asset, the fastest to ever get to a trillion. So, if you don't think it's going to keep growing or you don't think more people will catch up and and put their money in there or I just think that there's just like this misconception on on again all perspective.
>> Mhm. I I think that uh one thing I want to mention on this is that wi with the the trade going on over there and and it Bitcoin to me it gives everybody on the globe a fair shake. And I think what Lou's talking about there is like, yeah, you could have got in at 120, you might have got in at $500. So your first point into Bitcoin will be different. Every single person here bought Bitcoin at a different price. Everybody here has a different cost base of their Bitcoin.
But that's not the point here. And a lot of people really believe that as this plays out, the people who are in Bitcoin today are the only are the only beneficiaries of what's going to happen.
But the reality is that Bitcoin is a solution to 8 billion people's problem because everybody on this planet lives under a government that debases their time and energy daily.
So Bitcoin is the solution to that and it's whether you're in South Korea or Canada and your prime minister is bailing out condos here or or in the US $40 trillion in debt. Everybody is benefits from Bitcoin. Every single person. There's nobody on this globe who won't benefit from Bitcoin >> except the bankers. The central bankers.
>> Except the central bankers, but even they will too because they'll probably get a nice severance package that they can throw into Bitcoin and actually preserve those >> uh that energy that they've exerted there.
>> So, I think that that's important to to keep in mind here. When you're having these conversations with family and friends, everybody kind of thinks that they're late and that the early Bitcoiners are going to be the only ones who benefit from this. But that couldn't be further from the truth. If you have the ability to take your time and energy, store it without anybody being able to debase it, you win. You benefit from that. And that is every single person on this planet. And that's why it's such a big thing. And it's amazing to me that more people aren't interested in Bitcoin.
>> Yeah. Exactly. And you know, Bitcoin is a is a perfect lever or measuring stick to a broken measuring stick. We we we measure things in in dollars and stuff like that. You know, it's funny. We we talked we joked about the 21st of for the YouTube uh pay and I want to say this publicly. Lou uh gave me a shout out last month and he had a flood of people coming on to my channel. Um and my check was a little bigger. I got my check today and I usually I usually um look at my check like what can I eat with this with this check, right? Can I get a a Burger King uh meal or can I get a steak dinner or what what can I get?
That's usually I don't even I I'm always trying to get sats. I always got my QR code and the YouTube money is just whatever. But Lou has actually changed my thoughts on that. He got me back to the basics and because I had a flood of people, influx of people come into my channel, uh I guess I must have created more value for people because Lou showed those people.
>> Hey, hey, I I saw you live the other day uh for the Andrew Tate arrest. I was like, "Oh, that's genius. That was genius. This guy >> and and listen, Lou, you know, behind the scenes has been giving me gain."
Now, mind you, I'm I'm way older than Lou, but Lou has been doing this a lot longer than me. So, I listen to every word he says because he's very um knowledgeable and he's doing very well with that. But a couple things I do on the on the 21st of the month is I get my check. I always go to stake and shake because we need to um [laughter] we need to use Bitcoin as money. I believe Bitcoin is money and also we always talk about the adoption and stuff. And again uh either I'll get a double or single or triple depends on the price, but I'm I might get a triple today.
[laughter] So, thank you Lou for that. I appreciate it. But on a serious note, yeah, and a milkshake. Yeah. I might get the I might get the uh steak and shake the the uh the the Bitcoin um value meal, you know, with the big ass shake and the big ass, you know. [laughter] But I always celebrate on the 21st because that's the YouTube money and all that. Long story short, we need to make money, Bitcoin money. Uh not just saving it. We need to, you know, help it because again, adoption comes from quote unquote the price. Uh that's the that's the entry door. That's the fake adoption. But again, we need to learn what the system is like you guys are talking about. but also just get out here and create more value and and and Lou has sparked a fire in me um to get to talk to more people because the more people's problems you solve, the more quote unquote value you get, the more money you can get and then you can take that money and put it into the real money and that's Bitcoin. So, thank you again, Lou. I appreciate you, bro.
>> Anytime, brother. Anytime. Keep being smart, though. Right. Like that. I think I think I can't teach that. Um, and uh, I think that what you did uh, going live for, you know, some breaking news stuff, I think that's a great that's great, right? Because the breaking news is what gets people, you know, attention and that's what people are looking for. You know, I was >> I got that from you, man.
>> You know, you press refresh and uh, Andrew Tay got arrested. What? We click, you know, like, let me get some of this news. We see what's going on.
Um, I just want to say one more thing on the um, retirement thing there because I I think that this is important for people to understand too because Bitcoin really changed the dynamic of everything that we know. I think that we've talked about what B bit Bitcoin has done for us in terms of just waking us up to the many of the issues in the world and and then we start figuring out, hey, Bitcoin can actually solve this. And I think the one thing that we're all seeing right right now in this point in history is we're watching our our mom and our dads or our brothers and sisters or ourselves, you know, spend so much of our lives working and then you get to that point when you're 60 65 and you're ready to retire and all of a sudden you realize that they printed 50% or 40% of the monetary supply in the last 5 years and that's basically the equivalent of stealing 15 years of your life. Again, if if that's what money is, is a representation of your time and energy, they basically just stole 15 years of your working career in the last four years by printing so much money. And so, the traditional path for people is that they work for 50 50 years and then they get their pension. The problem with that is that their pension's fixed. It's the same amount every year. It might go up like 1 or 2% if their government's feeling really generous that year, but it's a fixed amount. And so they're getting the same amount of money into their bank account every couple weeks or every month, but they're seeing everything else around them go up and get more expensive. Their rent's going up, their groceries are going up, their utilities, everything around them is going up. All their costs, but they're getting paid the same for all their years of service to the world. They were told that they would have this uh nice retirement. But what that really does, it's it's much deeper than that because then they're forced to downgrade their life. You know, imagine being 70 years old. You spent your whole life working and now all of a sudden you have to start downgrading your life because the amount that you're making isn't enough to keep up to your regular living standards. So what do you do? What do they have to do? They have to start eating less eating less or eating worse foods. And so not only is your body, your mind deteriorating over time, but also your money is. And so that combination is what really ages people from 70 to 90 because everything in their life is deteriorating. Their food, their money, their mind, everything is.
And so all of a sudden you have this different dynamic of Bitcoin where they can actually take that or take a portion of what they've contributed in their life, stick it into Bitcoin, and all of a sudden they're reverse aging that their money is actually working for them. It's it's not only just protecting their purchasing power, but it's increasing over time. And so then they can start they can upgrade their apartment. They can start eating healthier food and it actually extends uh lifespans because they're able to fe fuel their body in a different way because of Bitcoin versus fiat. And we haven't really seen the implications of this yet, but I do expect this over the next decade that more and more people will start doing this. And not only just like the food quality, but also just like the hope for the future. Just imagine being like 80 years old. You're you're forced to downsize everything and eat shittier food. Like what kind of mindset are you in? Like what what how are you feeling at that point? Versus Bitcoin. You're like, "Hey, I might actually have something to live for here for the next 10 or 15 years because everything that I have is now appreciating just because I'm storing my money in a different way." And it it's not that difficult. I mean, yeah, it takes a lot to learn how to use a cold card and how to secure it and manage your private keys, but anybody can get direct exposure to it through an ETF or through whatever. That's just to maintain your purchasing power and basically fuel yourself. You take it one step further and you get the cold card, the multisig, and all these different things. Then you're layering sovereignty on top of that. But anybody without any sort of knowledge can get access and price exposure to Bitcoin. And I think that that is going to be a big trend with these baby boomers who actually want to live a little bit longer, who want to eat better, and instead of deteriorating, they're actually reverse aging simply because of Bitcoin. It's incredible.
And it's uh such an important point that you brought up. I think um like if you have sound money and you like just think from first principles if you if you save let's say 500 bucks every single month and you save it in dollars you will have after a certain amount of time just like I don't know $10,000 maybe if you like uh save for a long time do the same thing in Bitcoin over five 10 years you have a lot more and so not only not not going just in a specific maths but just Just having more gives you more optionality, gives you the the freedom to choose the better quality, the freedom to choose something that you actually like and want to get into. And so I think this is uh a very very important point. I want I I was just searching that because it uh every time Bitcoin and Tate comes up, this one thing uh comes up and I just found it again. Uh I I can't stop thinking about it because Sky News shared that uh sorry to interrupt with the the date again. Um but Sky News on on live [laughter] said uh that they just uh confiscated more than 21 million Bitcoin from entertain.
>> Yeah. You you remember that? I when I saw that I was like that that is that cannot be true that >> is that we we uh we we informed you that uh Andrew Tay has uh over 21 million bitcoins like what there's only 21 million bitcoin and all 21 hasn't even been mined yet. These people are crazy misinformation man that is the peak >> and most people will never know that that was wrong.
that there's someone saying uh like on on the next day of that news saying like you know that Andrew Tate had over 21 million Bitcoin. It's it's just insane for me. But uh honestly uh it it first of all shows that uh the I mean it shows so many different things but the main thing for me it shows that the the news because we always think about the news as this powerful entity and it is very powerful because it shows us what it wants to shows uh show us. That's that's the main thing for me. Not only that they sometimes put in misinformation or like small um bad represented stuff or like just only shed light on one thing, but for me it's like what are they showing? That's the main thing for me. I I watch I try to watch like two or three different uh news channels for like being up to date with Austrian politics just because I think I I should be knowing what's Austria does on a on a legal ground. Um, and it's so interesting depending on what channel you're watching, it's a whole different news, but it's the same day. It's the same day for everyone. They had the same thing, but it's a whole different where to put the the the focus on. And so, be very careful when you listen to the news. Um, and don't don't trust them even if they seem very trustworthy because they can say a lot of [ __ ] [laughter] as we know.
>> Yeah. That's why we had to decentralize the news, right? We got the three main ones, ABC, NBC, CBS. I know what you want to say, George. Um, [laughter] but that's why we got all these big guys like Lou and all these creative people that are outside the mainstream and we're closing in on these people. Man, Bitcoin uh decentralization is just like news and narrative um not disinformation >> to to a certain degree. I mean not Bitcoin news but into a certain degree um we like the the decentralized I mean I don't know what you call decentralized media but I would for example call Joe Rogan part of decentralized media and uh I don't know if uh Lou agrees with that but I think a big part why Trump was so successful was because he went on every single podcast he was on um the Joe Rogan podcast he was on the uh I forgot his live stream a very big live stream he was it wasn't like so many uh podcasts on there and I think this was a big part why he won because he sat down with all the popular people for like two three four five hours and Camela just didn't do that. She just >> Yeah, he sat he sat with uh Theo Vaughn which is huge. Uh he sat with he sat with the Undertaker from the WWE. That was funny. Um he went on Fox News. He went he went he um but he did like >> sat down with Aiden Ross too.
>> Sat down sat down with Aiden. That's good.
>> Yeah.
>> That's that's crazy. You remember that?
I I'm trying to remember everything. But yeah, but compared to his adversaries uh politically uh they did Kamla did not Kamla did not go on Joe Rogan. She was invited. Um she did not go. So it's a it's a good point. It's a good point actually to think that. Um and they're still doing that by the way. Like they're still not going on Joe Rogan.
Like >> Yeah. I wonder I wonder why Lou >> I mean Bernie Sanders was on there, right?
>> Yeah. But Bernie is uh Bernie is good but Bernie's not running for president. Like what I'm saying is they they would have to run for president, right? If you're running for to be the president, if you're running to be the next Democratic leader, Bernie is good. But that's one out of how many?
Especially with the new Democratic Socialist. Why isn't AOC showing up there? Zoron should show up there. I think Zoron should I think Zoron is the face of the Democrats right now. I think that is the best thing to ever happen to the Democratic Party. It might be the worst thing to ever happen to the Democratic party. I think it's the best thing to happen to the Democratic party.
>> Could you imagine AOC on Joe Rogan? That would be such a I would watch it 100%.
>> It would change my mind. It would change my mind on her. It would never happen.
>> It would never happen. But it would change my mind because it would say, "Oh, you actually believe what you say.
like you're actually willing to go into the lines then and get questioned or you know have a have a debate even if it's a friendly debate. Mo most are. It's just they've taken this position of you know uh can't talk to these people.
These people are evil. These people are bad. These people are Hitleresque.
>> Got doggy in the background. Huh.
>> But again back there.
>> Yeah. You got to This is for the the people that are like, "Oh, every the Democrats and Republicans are the same."
I'm not saying Republicans are good, but just ask yourself why, right? Why wouldn't Kala Harris go on Joe Rogan?
Joe Rogan is not a Republican. Okay, he's he's not he he's like an old school blue dog Democrat. Why wouldn't AOC go on Joe Rogan? Why wouldn't these people go on middle ground things and not just MSNBC and all the left-wing hacks?
>> Because they can't control the the message. They're >> Exactly. because they I tell people this all the time. Democrats are actors.
They're fake as hell. Okay? And all they care about is the Democrat party. They don't care about America. They don't care about your vote. They don't care about that. All they care about is creating an e echo chamber within the liberal media. And that's how they do it. I'm not going to go on a side tangent with it, but this is why I say we got to get those people. If we want people to understand how the economy works, you have to get them off the plantation of socialism, Marxism, and communism. We have to get them off that and then say, "Okay, now that you know that you've been lied to, right? Let's show you how the real system works. I'm not telling you to vote for Trump. I'm not telling you to register for a Republican, but let's look at real monetary systems. I know you know this crony capitalism.
>> I just I just Yeah. I just don't I just don't think that I I I agree with you on that, but I just don't think that that's where people are at." Right. So, like if Zoron and again like uh Trump did a great job fueling people, the angry people, right?
Everybody's angry about the system.
Everybody's angry about being censored.
Everybody's angry about what was happening and the flooding of letting anybody in the country not vetted politically. That's a great strategy.
I'mma come. I'mma fix it. The issues is there's issues that come with that, right? So like there's things that he's doing that the left is now and the left is very good at working from behind, right? They're very good at working from behind. When they lose, they come back and they win bigger because they then they're good at pointing the finger. And maybe Republicans are good at that, too.
But when they get into office, everything collapses all the [ __ ] time, right? The OA collapse literally happened under the Republicans. Now, that's not Republicans fault. just broken money and overleveraged and um you know CDOS's and everything that was happening with the housing market but politically the Democrats are very good at certain things and they're they they've captivated the young crowd. They just have like there was a guy streamer by the name of Hassan [ __ ] literally quoting Mao Zadong.
He loves Mao. He he was literally on on on camera saying that he he respects Mao. He went to China and and and he's talking about Mao as a whole. And then you see the findings of uh and this is the last thing I'll say on this, but you see the findings from Marco Rubio, Secretary of State, where he goes, okay, he put out a 100page memo proving that a lot of these ideologies are coming from Cuba. They're coming from China, right?
But does it matter? It doesn't because back to Jerry's point, crony capitalism is not something it's hard to defend.
When I defend capitalism, I'm def I'm defending the the natural state of the free market, but we don't really have that. So, it's like I'm defending something that's non-existent and they're trying to also do the same thing, which is socialism, communism, right? So, it's tough. It's it's a tough place to be because crony capitalism is the worst thing to ever happen to capitalism, right? But it's like you can't bl it's hard for me to go at 29. I try to put like a lot of boomers think I'm crazy because of the way I view the world, but I'm 29. I have nothing but time. They look at the world like, well, we can't we can't change none of this. We we we must like I'm all for a housing cr a housing crash. Like I think prices of houses should be but you know how many people would be hurt by that? That's a lot of people hurt by that. A lot of people will be hurt by boomers losing all the equity or or or so it's just it's a tough place, Jerry. I'm not going to lie. Politically, I think that's where I'm divided because it's like, yeah, I understand, but it's more like but I also understand where these people are coming from now. socialism and communism is not the it's not a great idea. But I think we've gotten so far into crony capitalism that we're gonna have to just like it's not up to me. But I think we we're going to get to the point where people especially young people are going to want to see what it is. Even if they don't know what it is, even if they don't know how many people killed, but it's gotten to the point where people can't afford [ __ ] They don't care. They don't care. When people die, people don't care who dies anymore.
Have you noticed that? like the the the emp the em the empathy like it it is non-existent when people die where like these celebrities die or somebody dies like Lindsey Graham died right and I'm not a fan of Lindsey Graham one bit you want to talk about a wararmonger that couldn't wait to see Iran get blown up but like when you go to the comments bro people I'm glad he's gone like [ __ ] man we've we we are we are far we are far off because when I was growing up when somebody died it was like moments of silence It was like, yo, this person died. We didn't agree with this person at all.
But we just gotten to the point where I think that people and and this connects to Bitcoin in the biggest way because I think that people's financial situations and there and the fact that they can't afford homes or they're they're living paycheck to paycheck and things are getting more expensive and there's just nothing Trump can do to stop it because that's not how it works. In order for Trump to stop this, and I promise you I'm this rant is going to stop in one minute. Just hear me out here. The only way that Trump will win that crowd over is by crashing everything. Stop. Like he would have to he would have to literally in try to enforce himself on the Federal Reserve to be the most hawkish ever to literally stop printing money. But like what happens when you do that? What happens when you try to control inflation to that degree? The stock market stops going up. Things stop going because the money printing is gone. The money the money becomes shrinkage. Now, that's actually a great thing to fix the problem, but it then ruins everything that the ba that the basement trade has created. And so, it just all these problems to me are literally they stem from 197174, the 70s, Nixon, the shock. But it's just like it's it's we're too far gone.
You know what I mean? Like and to me it's like in my lifetime I don't know if any like there's no one per nobody could save us.
Bitcoin could but that's not a body.
That's just a software and that's just like it's something that Satoshi made but that to me is the only way out of it. You just have to you you have to you have to everything has to crash.
everything has to restart and we're never going to do that. And so we're cooked, man. I'm gonna be honest with you. We're [ __ ] I disagree. I don't think we're [ __ ] at all.
>> I I think that none You're absolutely right with everything that you said, they they can't stop printing money now.
They can't.
>> They can't.
>> Everything falls apart if they do.
Everything.
Nobody wants that. But what I think could happen to make the transition a little bit smoother, >> you don't you don't want that?
>> No, you we don't want that. I I don't want that.
>> Okay. Okay. So, this is this is my disagreement with the Why don't you want everything to crash because that's the way to fix.
>> It doesn't have to. It It's It's not going to What What's going to happen here, Lou, from my from my opinion anyways, is that Bitcoin is just going to continue repricing. People are going to think that Bitcoin's going up in dollar value, but that's not what's happening at all. It's fairly valuing what should be the accurate prices of things because it is the only thing that we have that has an uh a fixed amount of measuring units.
So that's what's happening. Would if you looked at the houses in Bitcoin, you would say that the real estate has already collapsed.
It's happening right now. It doesn't doesn't nobody has to come on TV or nothing has to change at the Federal Reserve. It's just going to continue happening and I I think again the people who are here now are going to benefit from that but nobody's going to really suffer. I wouldn't want to see a collapse. I don't want to pe I don't I don't think that people are I don't I don't want people to suffer but I think that in order what I'm saying what I what I'm saying is that okay the reason why I'm in Bitcoin is because I believe that this problem would not be solved like the only way to solve it is sound money. Uh which is why I'm I'm all in on Bitcoin. But what I'm saying is if the government decided to fix the problem, right? If the Federal Reserve, the president, whoever decided to get together, it's like the we're going to stop printing, we're going to stop the basement trade, and this can actually fix, we're going to try to fix the money, we're going to fix the world, right? That if if they ever did decide to do that, it will crash everything.
People will lose everything. Things everything will be repriced in a way.
But I think that would be what's necessary. Well, that's that's just my argument. It's not that I believe it's going to happen. I don't think it's going to happen. But if it did, we're all [ __ ] regardless. You know what I'm saying? That that's my argument. It's like if we did want to fix it, it everybody's cooked. Like we're going to have to like it's it's done. Everything you've ever known is done until you know we come back from it. But >> will never happen.
>> I I think there are two sides to it. Um there there's the one side to it where we measure things in Bitcoin and I think as as uh you guys agree all like things are already collapsing in in Bitcoin terms. If you look the last 10 to 15 years real estate prices in Bitcoin they're crashing obviously because Bitcoin is is going up faster than real estate prices are going up.
>> We got a chart on that. Can we demonstrate that?
>> Oh yeah. Like I can uh I'll I'll find it out later. Well, you got if you find one, I can uh put it up on on on the >> It goes back to me and George conversation I think last week when we were talking about, you know, uh how like I think one bitcoin would be worth a house, you know, probably years.
>> Yeah. Yeah. Exactly. Everything begins to go down. Uh I think the median household or the median house today is about uh probably like 400,000 or something like that. 300 500,000 500.
>> So imagine Bitcoin at 500. means that the real estate market crashed to Bitcoin to the point where one Bitcoin is now uh which I can't wait for that by the way. That'd be awesome, bro. That would be >> No, but that's that's what's happening right now, Lou.
>> Yeah. Like that that's that's playing out right in front of our eyes. It's not going to be a change in policy at the Federal Reserve or a new president. Like that's that's what's playing out and it will >> Bitcoin is Bitcoin is doing that.
>> No, I disagree. I mean, it is and it isn't because the reason why Bitcoin is doing that is because more people like you and I understand that that's what's happening. So therefore, more people want to hold those units that we can't make more of. And when there's more demand without changing supply, the value, the purchasing power of those Satoshi's goes up and it can buy you more houses. So really, I think that that's what's going to happen. And basically, the rate of repricing is us understanding what Bitcoin is.
I I agree. I I don't think we disagree on Bitcoin's effect, right? Bitcoin is the fixing of it without the government or the Federal Reserve saying that we're going to fix it, right? Because when you hear Kevin Wors talking about, yo, you know, we inflation is something we can actually control. We can we can stop. It sounds good, but we know what comes with stopping the money printer or stopping cuz people are going to have to get bailed out. Are we going to bail them out? Well, that's more money printing.
We're going to bail out this. We're going to fell out uh these these institutions. So, I think we agree on the fact that Bitcoin is the exit to already a drowning system because Bitcoin is going to fix it. But what I'm saying is they're not going to. So, people would still get hurt, but it's not it's not they're going to get hurt not because the the government uh not because uh Bitcoin wasn't around.
they're going to get hurt because they're already being hurt regardless.
It it's just it's just we know that the overleveraging and the debt will eventually explode anyways. There's an there's an escape for it. But if they did choose, you know, I think that it will be a great choice, but everything will will be in ruins for a time being.
So, no matter what, it's like a two-edged sword. You're going to get cut, you're going to get cooked, and you're going to lose a lot regardless.
But I'm, you know, whatever. I'm just hypothetically. They're never going to do it. But I'm just saying like if they did, it just like it doesn't matter.
People will get hurt regardless.
>> Bitcoin.
>> I found there's there's like an interesting question in there because uh there's two sides of it as as I told you guys before. There's this one side of it like like prices like just keep rising. If you see that like just the median home price of houses sold in United States is just going up in >> how much how much is it? Is it 43?
>> Uh it's like 400 something thousand. So like 410 430 >> 400 right now it's 403 200 right now.
>> Yeah.
>> And this is USD.
>> And that's USD. Yeah. Exactly. And that's United States. And so if you think about that like of course like everything is going up. So if you if your alternative is saving in dollars, you should rather save in houses. But if you look at the same thing and it's just that's the first one I found. Um I just had him on the podcast. If you think about the same thing here in Bitcoin, I mean obviously I wouldn't start from like 2012 or 2013 because Bitcoin was just still so small. But even from 2020, which is not that long ago, um we had a home price of 45 Bitcoin and now in six years and now remember we are absolutely insane market and now we are from 45 bitcoin 6.7 bitcoin >> crash that is a you're right I agree man you were right it's from 45 to 6.7 that is a crash >> and it's it's like six years we had a downward market and it's like bitcoin was already there for a long longer time like of course I get people when they say like oh it's unfair because bitcoin is a y young asset if you compare it from 2013 or 14 but see from 2020 it's It's crazy to think about that. And if we just return to the all al old alltime high, we are at like three bitcoin per median house >> because we just need to go back to the uh alltime high that we already had. And so I think this is the crashing that also uh like you might have talked about, but then the more interesting question is like does the US dollar always stay in our system? Yes or no? I think that's that's a really interesting question and I don't know where you guys stay on that because that will be then a question of like will people be forced directly into Bitcoin or into uh somehow holding Bitcoin or will they always hold some government issued token where maybe Bitcoin is somehow involved in that and they don't really have any claim on the real thing. So that's I think the like the the pressing question for me but collapsing.
>> Yeah. I I think a government issued token people already don't trust the government. I don't I think that that would be hard to sell. Imagine Trump trying to sell you that. [laughter] Like imagine imagine a Democrat trying to sell you on hey uh you know, hey, the dollars crashed and this is our bailout.
we we're going to start issuing tokens and this is the so I think by that time >> I sorry I I mean with the US dollar I I call that all government issue token sorry for the confusion like everything that is uh like US dollar euroy yen >> I I just call it I mean I know it's token but I call it like that >> let me paint the scenario uh to Jerry and Robin so let's just say the because the dollar is is technically it's a it's not really it's not backed by anything.
We know that but it's backed by enforcement, right? So like the military-industrial complex is backed by hey, you know, we're going to sanction you. We're going to, you know, you don't want to comply with us, you don't want to use our dollar, we'll find a way to replace you. We'll find a way to get you pick you up at 3 o'clock in the morning and take you out of your home and put you in Brooklyn. Like that is the dollar. Like I think a lot of people, you guys get it, but there's a lot of people like when I explain dollars and I explain why things are happening the way they are, I I just tell them that I tell them it's just the dollar. Yeah. Dollar isn't backed by any it's backed by the most powerful military the world's ever seen or known. And that's actually put to test right now, right? Like depends on it really depends on how this goes with Iran, you know, like that's put to the test. But let's just say the military isn't as powerful as we thought.
Let's just say America's influence has been dwindling, but let's just say it dwindles all the way down. Let's just say, you know, Putin and China, they become really powerful. Like, we go from a unipolar to a multipolar world. The dollar is not going to survive that. In a multipolar world, the dollar is it's not significant. And so I just think that if Bitcoin has survived what it survived already and we do and we're we're headed into a very dark path as far as the future of America's uncertainty is really depressing when you think about it. I just think that the government it seeing Bitcoin at 126,000 it to George point it should be that should be like a crazy alarm like that should that is like yo what is hap how did this get how did this go how do how do how is this why why is everything falling why is everything bleeding to bitcoin what's going on and there's a significant amount there's not that much so yeah to to your guys point I think that the dollar is only going to survive for as long as the military and the influence around the United States is. But I just don't know for how long we remain in a unipolar world where it's just one superpower because that's what's keeping the United States as the world reserve currency where we could print crazy amounts, we could have the debt that we want and still be respectable. At that point, I don't think that USD price would matter. It would matter how much Bitcoin you have.
>> Y, >> you know what I mean? Like, yo, whether you have one, that is powerful. You have one Bitcoin, that's crazy. You have three, that is insane. So, I think that >> I can see the four the four future. I can see like in 20 2035 or 2040, I I could see that being a big thing. Like, yo, with one Bitcoin, I'm not telling you what it is USD. It's just one Bitcoin, bro. This [ __ ] is worth a lot. Like, you're going to want to take this. I want this home. I got one Bitcoin. You have no choice but to take it because everything bleeds to it over time. So, what do you guys think that the credibility of Bitcoin would be USD-wise if it hits four or 500,000? You You don't think that people would be like, "Man, that's [ __ ] crazy."
>> Then it' be one Bitcoin equals one house.
>> That's [ __ ] crazy. [laughter] >> But >> well, not not by then. Not by then.
Well, maybe >> the price in DUSD is still going to be going up.
>> True. But maybe not though, too, because like my my kind of theory on that is real estate is a very um speculative asset right now. It's not being for used for its utility. A lot of people are using it for a store of value. And so if people all of a sudden realize, this is the point that I'm talking about is like as people realize what Bitcoin is and how powerful it is, not only is, you know, to protect your purchasing power, but for your sovereignty, they sell their real estate, put that into Bitcoin because they don't have to worry about tenants calling at 3 in the morning and their sewer backed up anymore. And that capital flows from real estate into Bitcoin, which actually could mean half a Bitcoin for a house if there's less demand for houses because people aren't using it as a store of value anymore.
and more people want it, demand goes up, it actually could happen faster. But even if you look at that in a a trending way where it went from 500 Bitcoin for a house to 30 Bitcoin to five to one, where does it keep going? It keeps going down. And you get to the point where you start doing objective math and you figure out like one house based on the number of houses on this planet isn't worth more than a million sats.
objectively, but that's what's we're gonna see play out here. And I guess we get to decide how fast that happens, but that's objective math that nobody can argue me on. It's like, >> can you can you dive into that, Jorah, because some people don't know that what you just said about the million?
>> Very simple calculation. Just take the total number of houses or sorry, take the 2.1 quadrillion Satoshi's. What would it be, Jerry?
>> It's houses divided by sats. So houses on top, two billion houses on the planet divided by 2.1 quadrillion Satoshi's equals approximately one million sats average price of a house.
>> And they're building more too, by the way. They're still >> And they're building more. And it's going to get cheaper to build. And we only take up like 5% of the globe in terms of where we're actually populated.
As cities kind of disperse and fall to [ __ ] people find new ways to live.
Bitcoin mining. You can now set up shop in the middle of nowhere and still live fully off-rid while mining Bitcoin, creating money, using the natural resources. Like, it's all uh it's all a big snowball that leads to probably one house costing a 100,000 sats in x amount of years from now. Objectively, again, if if Bitcoin succeeds, it can we can still mess this whole thing up, but just like mathematically, that's what's going to play out here.
Yeah. And like you guys were saying about the US dollar and I think Lou and I don't want to speak for Lou, but I think Lou was talking about the dollar um outside of America in comparison to other countries. Lou, is that what you're talking about?
>> Yeah. Yeah.
>> Yeah. So inside the country though, this is why I say you know the United States of America needs to adopt Bitcoin, get the Bitcoin strategic reserve, get the uh situation going with Bitcoin is that the US dollar it is backed by the military relatively speaking in the um in the broader you know geographic market geopolitical market but in America it's backed by the military of course but it's also backed by ignorance because people don't know what it is and also confidence. because that's all they know. They're confident that that money when they go and that's what money is.
You ask a thousand people on the street today right now, what is money? And you pull out some cash or whatever, they're going to say, "This is money. Cash is money, right? It's not money. We know that gold is money." You know, real money and Bitcoin is money. Okay?
Dollars are currency. They're not money.
That's number one. Number two, when you talking about the US dollar and if it's going to crash and all this other stuff, um again, they're going to keep printing and they're going to keep putting things in in in in place.
Again, I think they're going to do the uh stable coin situation and everything else. This is why um with the uh Clary Act, it's going to come with this stuff with the with the blockchain and stuff like that. But at the end of the day, I believe I truly believe in order for us to get on a Bitcoin standard because again, there's five levels to money to real money. At first, like gold, it was a um it's like a little thing that they played with and it was just a little thing um you know, collectible. Second, it's a uh store of value. That's where Bitcoin is right now. Third is a medium of exchange. That's why I'm going to stake and shake today to use it as a medium exchange. Then it's going to be a unit of account and then it'll be the global res reserve currency, the world asset, right? Because it is the best money. The best money always wins, right? This is the first time in probably history that the fiat currency that is a quote unquote global reserve asset doesn't mean [ __ ] It's not real money. It's currency. And once we understand that and tell people because we're Bitcoin educators and we're money educators and we're economic uh you know because once you become a Bitcoiner you you're you're economic master your political master your ge political master and all these things. We have to wake these people up. It's all about the education. We have to show these people that that is not money what you think it is and in your purse and in your screen is just numbers on the screen when they can print those dollars. And again it ain't just about printing up in the Fed.
They print at the bank, too.
So, we have to show these people that and show them like, hey, you can't you can spend money. You can you can use it as currency, but as far as savings, you can't save USD. It's about Bitcoin.
>> I think that's also very important to to note like um it's like you can't use Bitcoin as as a currency everywhere like there's there's more and more places.
It's it's more and more adopted. Um but it's important uh to at least uh use it as a store of value to at least use it as as one of the properties of money.
And I think this is the first one. I think it's already amazing that in this early stage of it being adopted as a store of value, so many already use it as a money, but I think there's a long way to to to to go for for Bitcoin to be an actual mainstream currency. Uh it will be I I personally think it will take a long time uh on on on that front because we underestimate the massive network effect that fiat has and the the stickiness. Think about Argentina for a moment. They've went in the last let's say 50 years through four or three different currencies. every 10 years there's a there's a 40 year old guy somewhere in Argentina that lived through like six different currencies and he's still using the new Argentina peso and it's like how how are people willing to do that and so that that's just it's unbelievable for me that fiat fiat has a real network effect uh and uh I think this this isn't going as far away as fast away as as as some Bitcoiner might might Let me can let me let me add to uh your point about you said that uh people were criticizing you when you said that Bitcoin was your savings accounts that that's how you use it.
>> So >> Oh, yeah. Like because it's volatile and they're like uh savings cannot be volatile.
>> Well, that I'm gonna be honest, right?
Because I I think Bitcoin is money, right? I think it's the best money right now. It's most likely not going to be used that way. Whatever. But I use it as my savings account. I literally store all my value and every all the dollars I make, I store it in there. Um, I think that's great. Like I I think that that to me like the Bitcoin transactions and using Bitcoin as money right now, we're just not at we're just not there. Like Bitcoin is like in my opinion t like a better version of gold. People store their wealth there. That's where all the boomers and everybody of older age, older generation, that's what they do. I think our generation, what we do is we just store our wealth in Bitcoin. Uh, and I think that, uh, that's the best in my opinion. But, you know, I think, uh, there's always conversations about, oh, uh, you're just hoarding it. No, I'm not. I'm I'm just But I also know that, you know, this thing is gonna going to grow, and I kind of don't want to get rid of this yet. Um, you know, dollar is not fully 100% done, right? If it was done, then yeah, then I could say, yo, the medium of exchange is Bitcoin, but it's just not.
And we'd be lying to ourselves. We said we it was, you know, can you buy a home with Bitcoin? Yeah, but it's limited.
Like, there's not everybody's going to take that. Like, you know what I mean?
Like, you want to buy a home outright?
The homeowner has to be able to say, "Yes, I accept this." And boom, boom, the big So, it's just not there yet. But as it starts to get there, uh, best believe that, uh, that's where all my money is going.
>> I I have a question on I have a question for Jerry.
What h how big is your bottle? Like, like I I don't get like I I always thought that I have a big one and mine seems like a small little thing next to yours. It's like, >> Robin, Robin, what's what you're saying here?
>> Yeah. Yeah. Yeah, man. pause that whole situation.
[laughter] >> Let's let's clarify it.
>> I'm like, well, I didn't know what he was talking about at first. I was like, oh man, that's crazy.
>> That's how many it's two or three.
>> Well, I don't go by liters. We go by ounces. I believe it's uh 128 ounces.
>> Holy.
>> So, what it does, it has a time, it has a time on it, right? So, right here, I'm supposed to drink this much at this time. And I'm a little ahead of schedule, I guess. That's why I have to get up to uh leave myself every once in a while.
>> Wait, is that is that >> yours would be disappointed in you, Jerry?
>> Is that Jerry on the thumbnail?
>> Yeah, I guess.
>> Who the hell is that black guy, man?
That ain't no Jerry, bro. That's just a random black guy on the thumbnail, bro.
[laughter] >> What? That just popped up on my uh homepage. That's funny. [laughter] >> People were People were like, "Rashad looks different today.
Yeah, I got a haircut, man.
>> It's Biggie Smalls. Actually, I saw Sin in the the chat talking about Biggie Smalls. I should have showed you guys this earlier. My uh Notorious shirt.
What do you guys think about that?
>> Love it.
>> Nice, bro.
>> And by the And by the way, on a side note, let me look at this real quick. We have 24 people in here. We got Lou, Robin, Jor, and we got 24 people on the BTC mastermind channel.
>> Sad. Uh, we need to share this video, guys.
>> No, that's good. Imagine 24 people in your room.
>> It's a lot.
>> Yeah, but with with >> you're sleeping with your wife and 24 people just show up, man. That's a lot of people, bro.
>> Yeah. Yeah. I never looked at it that way. I looked at >> Yeah, that's the way I look at it, you know, carrying water bottles. [laughter] >> They're all drinking >> in that room with that size of a water bottle.
>> I don't I don't even have that much space. Maximum five, I would say.
>> [laughter] >> Yeah, >> this is what it's all about. Uh, what were we even talking about?
>> We had a good We had a good uh chat going there.
>> Sorry, I completely.
>> You guys want to bring up uh Jack? You guys want to bring up Jack Mers? What happened?
>> Oh, I just want to say one more thing.
Okay, >> because we we've kind of been talking about, you know, how early we are and [clears throat] um you know, I'm sure most people watching this the stream today hopped on here thinking that we were going to be debating BIP 110 or something like that. That's kind of the the hot topic right now in Bitcoin. And uh you know, I kind of had this thought this morning as I was listening to like a Twitter spaces of of BIP 110 versus you know, the alternatives core versus knots. And I was thinking to myself like if you if I went out on the street, if I went to the closest city here, Regina or Winnipeg, whatever it may be, and I and I asked a thousand people what their stance is on BIP 110, how many how many people do you think would be able to share their thoughts on BIP 110 and whether uh they agree with it or not? I'd say between zero and one.
[snorts] So, it's I think it's just a good reminder that yeah, we like hanging out in our spaces and our YouTube chats and you know, paying attention our algorithms, but like the majority of people on this planet have absolutely no idea what's going on right now. And I think a lot of people get really depressed when the price goes down. But you just have to remember that it'd be different if everybody understood what Bitcoin was and they were ignoring it.
But they just simply don't know what Bitcoin is. So, there's a difference there. Price does not always equal value. And I think it's just an important reminder once in a while uh once in a while to remember just how freaking early we are in this whole thing. And the trend isn't going to slow down. Bitcoin will repric everything, not just real estate. Uh every single thing on this planet will be repriced by Bitcoin. And Lou and I were actually having a conversation last week after the the show and we were talking about real estate and land and and using our Bitcoin for that in the future. And as I was thinking about it after, I kind of told Lou, you know, it doesn't really make sense to sell your Bitcoin. Just take a loan against it. But as I thought about it, I'm like, the land would be the one thing that I would actually feel okay trading my Bitcoin for. Land and Bitcoin to me are the only things on this planet that no matter how many people want them, we can't make more of them. So to me, land and Bitcoin are one to one. Even though I I would say that land has properties that Bitcoin doesn't. Like you can have running water, you can plant a garden, you got a nice view, but land doesn't have the features like being able to send it across the world in five minutes or take a piece of it and send it to somebody or hop on an airplane with it in your head and land and you have it. So >> you're specifically talking about land, not not houses, right? Correct. Or both.
>> This is land, but I mean you could put a nice house on that land. the house I would finance or or loan against my Bitcoin, but the land to me is like one to one. And I think it's just important to for people to understand like those are the two things that exist that no matter how many people want to own them, we can't make more of them. So they will in real terms go up forever.
[snorts] You talk about land.
>> I'm talking about land.
>> Yeah. Yeah. Not >> here's the thing. Let let me let me propose this. I think the the difference between land and and Bitcoin would be uh you can't teleport to this land.
>> Correct.
>> You can't you don't like uh uh I think Texas is like the perfect example. I've been reading all these things about Texas real estate and how it's collapsing because people didn't understand the extra causes uh cost and causes of uh floods or extra insurance or the property taxes here are ridiculous.
They're higher than uh uh I think New Jersey, but they're higher than New York's.
And and you know, my uh my mortgage went up. Uh, I think my mortgage it went from a certain number. It went from 3,900 uh to 4,200. [ __ ] it. Well, let's just [ __ ] talk numbers. I don't care. But I thought, damn. Like, I could afford that. Fine. Cuz I'm actually living below my means now. That's not because I chose to. When I got the house, I wasn't creating as much value as I am now, right? I never like when I got the house, I was I put my back against the wall to leave New York. I had I had I had two rooms. I mean, I had two two apartments that are like rooms. The apartments in New York are literally just rooms. But I had an apartment for my mom and I had an apartment for me and my girl. I was paying for both of that.
I was like, "Yo, pay for stupid things.
Let me just go get a house." So, I go get this house and you know, point of the story is people don't they think they want to move somewhere because of the land. They think they want to move somewhere because it's more affordable.
But man, this [ __ ] is full of surprises.
>> Yep.
>> Full of sneaky and I'm talking about sneaky um the like the insurance, the premiums, the just the things, the houses, the they're newly built, but then I had literally a month or two moving in, they had a leak, like a leak. I gotta have this house for 30 years. Why is there a leak on on month number one? So to the point is yes there's going to be more land to build more housing on. I don't think people realize emotionally what it's going to do to them when they realize that yo they they could have probably been paying this that the real estate is once it gets filled up you're paying the same thing like I I would have been paying the same thing in New York. That to me is bro. It broke my heart when I found out that all these expenses with this particular situation I'm in thinking that I'm about to save more by moving here. No the [ __ ] I'm not. I'm not saving more here, bro.
I'm actually probably paying more. And I think that that's crazy. Now I have a newly built house, got more land. I'm in a culde-sac shore. Great situation. But that [ __ ] made me homesick, bro. It made me homesick. I was like, man, I left the family. I brought the I brought the family, but you know, you let you leave your friends, you leave everything you've ever known. And I'm like, bro, they are they hit me with a $300 uprise, all these problems. I'm like, oh man.
So, I don't know if the the land is a great thing. You buy your land or you buy a house and you go you go to a newly built house. But yeah, these these are surprising, bro. They surprise you, bro.
>> No, you're absolutely right. And that's one of the main the main lessons I learned from Michael Sailor early on was that Bitcoin is very similar to real estate, but it's also very different.
And there's a lot of things that make Bitcoin far superior to real estate and land even. But as the comments are showing here, like there's things that you can do with land that you simply can't do with Bitcoin, like grow food on it or plant trees. Like there there's things both have their tradeoffs, but I think the point that I was trying to make is that they're the only things that you can't make more of no matter how many people want it. And somebody in the comment or in the chat said, "Didn't do your research." Well, even if Lou did did his do did do his research, a new mayor comes in or a new law gets legislated and it changes instantly. And that that's what I said earlier in the show where like Bitcoin is a perfect battery where you send a certain amount of SATs to a wallet and you open that thing up in a hundred years that exact same amount of Satoshi's is going to be in there. No matter how many storms went through or which politician was elected or which laws got passed everything else will change around that but your number of Satoshi's will be the exact same in 50 100 years from now. That's what makes Bitcoin >> and uh by the way to answer to answer that that comment I gotta say uh you know I didn't know property taxes will go up in the county that I'm in. So like I didn't know that right like that the property taxes will go up a certain bit but you know I could afford it. What I'm saying is I can afford these things. I'm putting myself in other people's shoes that can't. I live below my means now.
If I was living over my over the bills and I don't live paycheck to paycheck.
I'm fine and I'm I'm blessed. Thank God.
But I know there's people that that are not that fortunate that, you know, put their back against the wall, took the family out, got a house, and now they're being hit with they're being hit with different I just think that that to me is sucks is what I'm saying. It sucks.
And you're always Life is full of surprises. You're never going to be prepared. And me, I I prepare as much as I could, but I know that the way I treat my life is I go head first into every single thing. So, I'm not complaining.
I'm just saying I learned the lesson.
Lessons lessons happen. You know, I'm not a loser, bro. Like, you know, like lessons happen. It is what it is. And we [ __ ] figure it out. That is literally my life motto is that we figure it out no matter what. by all means necessary.
You get the job done, but you learn these lessons and then you hope to pass them on so that way other people uh know, right? But yeah, there there is great things you could do with land.
There's a lot of great things you could do with Bitcoin. Um I'm in love with real estate now for some reason as I gotten older, you know, like I I look I have literally my dream home is my screen saver. Uh, you know, it's a $4.5 million home. Has a pool. Has a tennis court. It has things that seem unattainable. If I'm being honest with you, they [ __ ] seem like, bro, I got to have $15 million reserves. I want to buy a cash. That's a dream. It seems unattainable, but that's the point is that you are delusional. I am a delusional human being, bro. Like, and um I dream with the with the best of them. And you know, and I think um I think it's all coming full circle. I think one Bitcoin will be worth $4.5 million one day. I don't know if I'm 50 years old by the time that happens, but I'm sure that that home will be bought with Bitcoin. And um that's what I'm aiming for. So, my life will be full of surprises. To answer the point in the comments, I'm sure that that person >> Yeah, >> there's a one small housekeeping thing.
Uh because someone was trying to buy uh memberships. I haven't realized that, but we haven't turned on memberships on [laughter] our channel. So, we already >> slacking. What's going on, Robin?
>> We already have that feature, but I'm slacking off. Uh, this will be title next time.
>> Thumbnail >> setup. Title. Thumbnail setup, bro. That is the goal of this channel. The title and the thumbnail is going to get everybody in here. You got to do a crazy title next time. Uh, you got to do something like uh for my Jack Morers's quip. That could have been a topic. Um, and you could do something like, "Holy [ __ ] Bitcoin on the verge of 70K, but this can happen next." I don't know.
Something to make people, oh [ __ ] let me go in there. Shh. You know, and then, you know, Jerry, uh, a better thumbnail.
Jerry [laughter] >> Robin was making that right before the show.
>> I know. I know. I saw it. I never opened up my signal, but I saw it.
>> Well, we're getting better. We're learning lessons here. That's what it's all about.
>> We're learning from the master. Lou, real quick. Um, Sin Diesel in the comments said, "You can protest those property taxes in Texas." He said, >> uh, I I got a letter. Uh, I got to figure it out. Uh, to be honest, >> delusional. Delusional.
>> [laughter] >> I like that. I'm gonna start using that.
Delusional. Maybe I make that into a shirt.
>> So, can he can they do memberships now?
Uh, Robin, now that you turned it on?
>> No, there's a review process. So, like uh you you you set it up. Uh then YouTube looks at the memberships. Uh if you I don't know if I selling something weird in the memberships or something like that. I don't know. Uh and so like next video uh it will be set up.
>> Okay. Or you can use that QR code beside Robin's head like a couple people have today already.
>> What is that Q uh QR code for?
>> That's for Satoshi's >> to get or to send Sats.
>> No, they send us.
>> We got a couple thousand SS today.
>> We're trying to get you some sats, man.
I know you slacking a little bit. So [laughter] >> nice.
It's uh it's a way for people to say thank you without anybody taking a cut of it or stopping it [snorts] >> thousands today.
>> How many you should read them like the are people sending messages in there?
>> Yeah. One says uh thanks guys from our guy Cedar Sats thousand sats and we got another thousand sats no name but it's talking about a very contentious topic.
>> Yeah, more more clickbait for the viewers. I I agree. Very fluin. What a name.
>> VHF >> VHF. There you go. That's better.
>> Can we Hey, can we talk some Moonboy talk real quick before we go? Just some quick Moonboy talk or no?
>> Yeah. How long you got, Robin?
>> Uh, I gotta go soon, but uh we can >> I got I got about uh I got about five 10 minutes, man. We're good.
>> I want to talk some moon talk with Lou real quick. Lou, when we going to be uh $1 one Satoshi parody? What year?
Well, one Satoshi equals $1.
>> Uh what? Like when I'll be honest with you, bro. I have no idea. you here. Can I Can I uh Moonboy talk?
I think I think we're I think 2029 we're going to be in a place. You see how how everybody now respects the four-ear cycle like no tomorrow. Like the biggest the biggest doomers of the four-year cycle when it was in October and it was a 126 like the the ones that really wanted it to end. George probably one of them are now the biggest cheerleaders of the four year cycle because that means that Bitcoin will bottom and then go back up.
I'm a huge I was one of those people. I was like man that four year cycle stuff I can't these people tripping bro like they really think this [ __ ] is going to go identically like Ben Cowan is bugging out man this dude is losing it. Um, turns out he was right. Now, I'm a huge cheerleader that I really hope it goes.
But I think that a lot of people are like, "Oh, diminishing returns." You know, Bitcoin's not and Moonboy aka price cheerleader aka permable aka realistic permable still permable. U means I would never short Bitcoin. But I would say that everybody everybody is so bearish in their predictions now. I don't know if you guys noticed that. Oh uh yeah, you know, we might go to 200.
We might not even see an alltime high.
You know, in 2029, we might be at 175 the most. And you know, all of these things according to the four-ear cycle.
I think that now that everybody because psychologically is everybody's turns [ __ ] when it comes to Bitcoin and everything. I would say because of that, I think by 2029, you know, when we're supposed to a bottom year or a top year, uh, which will be 2029 if I'm not mistaken, according to the four year cycles, if it's still there, well, we could see Bitcoin at a at a price where everybody everybody's not going to expect it. I think everybody's expecting 175 above, you know, 200, whatever.
I think 300 is in the play. I think 350.
I think it'll be a [ __ ] number. I think a lot of people are going to try to follow the four-year cycle. I don't think it I think I'm not going to say it's going to break, but I just think that because everybody now expects the four-ear cycle, it'll be the perfect time for the four-year cycle to break.
Like I think everybody's like, "Oh, everybody's like, "Oh, October of 2029, we're going to bottom." I mean, we're going to we're going to blow up top and then, you know, begin the bare market, begin the bare trend. What if we don't?
Now that everybody respects us so much.
So, what do you guys think, man? Like, everybody respects the four-year cycle.
I've never seen the way people respect the four year cycle now is is wild, but everybody thinks now that it's coming.
So, I think now would be the perfect time for the four year cycle to just break. We go straight trillion dollar market cap, $10 trillion market cap all the way from a $1.3 trillion market cap.
It will be [ __ ] It will be crazy. I know, but who knows?
>> It'll happen eventually. That's the thing. And I I think that uh Forest made a good point a couple weeks ago. I don't know if it was on this show or the Maple Bitcoin show, but really resonated with me because I was somebody who didn't think that we could get back down to this point. Uh and I'm also somebody who is hoping it goes lower, but also I I'm a realist in the sense of like every time it's done this in history, it's always exploded right after this happened. So you you can't really be both. But at the same time, I think that the point that Forest made, which I agree with, is like the four-year cycles are always are a thing until they're not. And I think that's an important point for people to understand is they are a thing until they're not one day.
Because at some point, this cycle is going to break. At some point, there's going to be more people who want to buy Bitcoin than want to sell Bitcoin. And at that point, nobody's going to give a [ __ ] what month it is. So, it's going to break to the upside at some point. And to me, I wasn't just I wasn't somebody who was going to risk that happening this cycle. So, I didn't try to time Bitcoin.
>> Look at that comment. 200K if we're lucky in 2029. That tells me we're going much higher. People have put their and I'm seeing this everywhere. This is literally the trend. I I see it all over X. I see it all over YouTube comments when I watch these YouTube videos. And I think because people think that we are going to be lucky that it the attitude is man we'll be lucky if we ever go back to alltime high.
>> Yeah.
>> I think because of that I think I think that to me tells me otherwise. It tells me oh this is it.
This could be the moment where everybody even the biggest permables that call for 1 million are kind of giving up. They're like [ __ ] it. This [ __ ] is a this this ain't going to this ain't going to 3x no more. This ain't going to 8x no more.
this ain't going to 10x no more. And then boom, you know, they start it goes it go the the way I see it is it goes back to alltime high. It goes back to two uh 126 200. It passes over it. So be a lot of people cautioning out there. A lot of people exiting the market and we'll probably get a couple dips between that time, but then we'll get another leg up and another leg up and another leg up and 2029 comes and we'll be at a price where everybody kind of gave up and it's still going. And now it's still going. 2030 on a on a on a bare, you know, on a on a bare market year. Usually in the midterm year, it's still going. So, I don't know, man. I could be wrong. I could be very wrong.
I've been wrong before and everything in life, but I'm just saying it does seem like this will be the perfect time psychologically.
>> I think I think it's normal um cycle behavior. So like um when we are crashing through alltime highs and we're going higher and higher and higher people are calling for 500k a million 10 million and and as high as possible and when we're going lower and we're like 30% down 40% down 50% down this is the moment where people like we're not getting up like we're crashing down we're going further down. So it's like I I I don't know but uh I've I've seen it now since about six years and it's always like that. People remember the last like two weeks to two months and depending if the last two weeks to two months were up or down they are either bullish or bearish. I have people in my comment section uh today that hate on Bitcoin are completely dissatisfied with Bitcoin but they had have this purple heart on them and I remember them because I liked all of their comments just like eight nine months ago because they were super bullish on Bitcoin. they were super happy about Bitcoin because it was going up. And so I think the reality is just that people are people and they are emotional and they have their their feelings and when Bitcoin is going up we're doing good. I think I mentioned in the beginning uh how do you guys feel you feeling 10% smarter 10% happier today because the price is going up 10%. I think a lot of people have still a very big emotional connection to Bitcoin when it goes up and down and so they're depressed. They they they don't like it and all of those people [laughter] they will scream Bitcoin is going to a million once we reach like 200k 300k all time high.
>> That's what I'm but that's what I'm saying to you is a lot of people that like when Bitcoin starts to go up and it starts to get to over 100. Yeah. there's going to be a lot of bullish people. That's the way markets work. But I think that I'm seeing a trend of they have they don't have a certain expectation anymore because they got crushed in 2025, right? In the top year, they got crushed because they thought it was going, you know, to a certain level. They saw it at 126. So now they thought, you know, they think it's uh they thought it was going to keep going higher and they got crushed. So now their expectations are like, "Yeah, we we want it to go." But it's like when it goes above a certain number, they're like, "Ah, they start getting nervous." And I think that that's what I mean. But >> I I think it's worth talking about here because there's a couple of comments that I see in the chat. One from Cra says, "If you are ranting about the price, you still don't get it." Uh couldn't agree more. And I think that most people still put a lot of, you know, uh of their their time and energy into the US dollar price of this. I agree that it's irrelevant. And that's what I was going to kind of say here is like Lou mentioned that at some point we'll see a Bitcoin being worth $4.5 million. But as Sin is talking about in the chat here, it's like you can't really compare these two things. Um I made a tweet the other day saying comparing Bitcoin to US dollars is like comparing farmland to breaths of air because one is fixed and one is unlimited forever and we don't know what the other side of the equation is going to do. So, it's like, yeah, it might be $4.5 million, but how does it matter if it that uh dollar buys, you know, one loaf of bread is $1,000. So, I think a a good measurement is like how long until the price of Bitcoin is one house, the average cost of one house. Like that.
That's the conversation that I think we should be having because we have no idea how many US dollars there are today and how many there's going to be in 10 years from now. It's it's an impossible prediction to make because one of the one of the parts of the equation here, we don't know what it is. We don't know what it's going to be. So, if if you're thinking in terms of like maybe houses or ounces of gold or something that can be created into infinity, that's a much more realistic comparison that you can actually make a prediction off of. So, if we're talking houses, like I could see one Bitcoin being the the cost of a house in a couple years from now because again, just go back to the basic mathematics here and and economics of supply and demand.
>> Luxury house.
>> Yes. Great.
>> Luxury luxury house.
>> That's my measurement, which today in USD prices would be 4.5 million, which would be like a 10,000 foot home where you could bring the family, friends, and it'll be amazing. Uh I think that that's what I'm saying is is more like yeah USD price right now is 4.5 but if we measure it realistically in homes you know will one Bitcoin cause that luxurious luxurious New York or California home where you know one bitcoin is worth that I think wow you know that would be unbelievable. So, you know, which could be a little delusional, but yeah.
>> Yeah, great points, guys. I uh I had Robin pull this up. This I show this on my show every day. This is the visual equivalent of the Bitcoin issuance. And Jordan made a great point. We're measuring something. Uh we're measuring things in things that we don't even know how many there are. We don't know how many dollars there are. Right here shows you the entire Bitcoin eco Bitcoin issuance supply chain right here. two quadrillion 999 trillion999 bill997,690,000 sets. That's the entire monetary system.
So every time >> everyone's going to have that number memorized in a couple decades from now.
Everyone's going to know that number.
>> You might as well, like you say, you might as well tattoo this, right? So what happened is we have 33 epochs. In each epoch, there's 210,000 blocks in each one. Long story short, when the demand was zero, Satoshi Nakamoto flooded the supply of Satoshi's half of the half of the sets, right? And you keep going forward and right here where we're at now, we're at EPAC epoch 5, right around here.
And we're halfway through the quote unquote having, right? So, we know that.
But we have 33 more. We have 33 epochs, 27 and a half epochs to go until the year 2140. This is the supply. This is why I tell people we need to teach people about Bitcoin and what this really this thing really is because again 95 and a half% of all Bitcoin have been have been issued. So when I asked Lou, hey man, what do you think about SAT dollar um you know parody or whatever? Me and Jorah are on the same page with this. We don't think Bitcoin is going to start really popping off till about a million dollar per Bitcoin, aka 1 cent, one sat parody, right? And people, this system right here that you guys see, you're seeing this before everybody. It's just like the early internet when nobody knew what it was.
Nobody really understands what the internet is. And most people are not going to understand what Bitcoin is. But one thing they're going to know is, damn, my purchasing power keeps going up with this. Damn, things are getting cheaper when I have this. So when you compare this this fixed supply system versus this broken system, it's complete opposites. And this is why it starts with the education. We need to uh tell people what this is. And again, I hear what homeboy was saying about the prices and everything where we looking at prices and stuff like that. I get that.
But again, it's all about the stats per dollar right here. And uh you know what the new system is and we got to know this stuff, guys. We got to know it like the back of your hand. know your number so we can teach everybody else as well.
>> Did Robin leave?
>> Yeah. Yeah. He said uh he said he had to hop off. Um I thought this was good in the comments. Uh uh where is this comment at? Okay. Look up real estate. Uh so JDub says, "Look up real estate in El Salvador.
Properties for sale are about one bitcoin or uh uh.7."
And then Allan says, "Who wants to live in El Salvador though?"
>> I think that that's the conversation about real estate that I was talking about. It's like, but yeah, sure. But who wants to live there though, >> right? And so I think that's why cities become populated or whatever. But that's another conversation. I'm just saying that that's funny. I think I I'm not the only one that feels that way.
>> For sure.
>> It's important. It's I mean I think people in the US kind of I wouldn't say you guys live in a bubble but like you think that the and I'm not saying Jerry and Lou think this. I'm saying like most Americans they see like the price of Bitcoin is $63,000 or $64,000 but that's there's no price of Bitcoin. That's the exchange rate between Bitcoin and the US dollar. In Canada here it's like $90,000 Bitcoin. In Japan it's like a bazillion dollar per Bitcoin. So, it's just an exchange rate between these different currencies. And yeah, real estate is more desirable in certain parts of the world. Farmland's more desirable than bush land. Like all this stuff, we're we're just kind of talking in averages here, though, I think. Um, and it's important for people to to understand that, I think. Anyways, >> yeah. Yeah, I agree.
>> Um, couple shout outs here before we wrap up, boys.
Uh, we got a another zap, 1650 sats from our guy Mark 65 sats. He said late because of meetings today, but still sent in some support for employees.
>> That would be >> We also got 2500 sats at the exchange rate of 66,000 uh US dollars, $1,500 per $1. So, thank you to uh the supporters of the show today. Uh there it is right there.
There's the different prices.
And based on that, it looks like the Swiss Frank has the strongest. Nope.
British pound.
British pound has the strongest currency, which is $50,000 Bitcoin. The Swiss Frank is 57,000 per Bitcoin. And then the euro and then the US dollar.
Wow. That's actually surprising to me that the US dollar is the fourth strongest currency.
>> But and and the crazy part about that, we always measure it in US dollars and we're thinking about it in US dollars again. the 2.1 quadrillion Satoshi's that we have. That's all the dollars in the world, all the fiat currencies in the world trying to chase that little amount of sets.
>> Look at look at it in the Canadian Canadian dollars 89,000.
>> The Canadian peso, $90,000 Bitcoin here.
And then >> Mexican peso 1.2 million. My god.
>> What was the other one? The what was Japan's?
>> Oh, Kuwait. strong.
>> Oh, those are >> 9 million, bro. What?
>> I Yeah, I guess it would also depend on how many units of those currencies exist.
>> A lot.
>> Yeah. So, we're already at a million dollar Bitcoin. Look at the Thai bot. 2 million. Philippine peso 3.6 million.
We're already We're already at a million dollar Bitcoin.
>> We currencies have huge numbers. No [ __ ] >> Look at the Dong.
[laughter] >> The Dong's $1 trillion Bitcoin right now.
or one trillion dong bitcoin I should say.
>> The Argentina trash.
>> Oh my god, look at the Iran. Wow.
>> Yeah, Iran blew up during the war, bro.
They're cooked. [laughter] The real is cooked, bro. 3 point. What is that? 3.8 trillion. What is that?
>> Something plus >> trillion. [laughter] >> They're still trying to get bit. They're still trying to collect Bitcoin at the straight.
>> George looking at dongs. [laughter] Pause.
Pause, bro.
[laughter] Okay, boys. Uh, any last thoughts or should we wrap it?
>> Hey yo, that boy said, "Look at that dog right there, man." Hey, [laughter] >> chat's liking it. The chat's liking it.
>> I didn't even catch on to that. I just read the comment. That made me laugh.
>> But there it is right there, guys. 2.1.
That's the So, we looked at all the fake money, right? We looked at a whole list of fake money. That flew you a fool. We looked at the fake money and that's the real money right here.
>> Every think just I want you guys to think about this. Every time you have sats in cold storage, not on Coinbase and all that, when you buy your SATs and put it away, you are owning a piece of the of the pie of the finite pie. And and honestly, and Jordan knows this, all the the fi the money in Bitcoin is only going to go down because people lose their coins, they die. So the so the so the amount is going down. Meanwhile, your your percentage of the money supply you own is going up. If somebody gives Lou a million dollars right now, that's pocket change for Lou. If I give him a million dollars right now, >> I need that.
>> If I give Lou a million dollars right now and I give him a million sats, I said, "All right, Loose, because he's young, sit on both of these for 40 years, I guarantee the million sats will be worth more than the million dollars in 40 years."
Because it's fixed. Again, when you have a million dollars, what percentage of the money supply do you own? You have no idea. You don't know what they printed yesterday, today.
It's crazy, man. What you think about?
>> You own less tomorrow.
>> Exactly.
>> Your your ownership will go down tomorrow.
>> It goes It goes down literally.
Literally, look at this, guys. By the second, look how fast this thing is going up. By the second, your dollars, they're spending your money on stuff you ain't voting for. This ain't a democracy. You didn't vote on none of this.
Sorry guys. No, you're good.
>> You're right. You're right.
>> This is This is where This is where Jerry Cooks That's why I be seeing him cook on his show.
>> Get me started on this. [laughter] This right here. This is what I'm saying. We got to educate people on this. Again, I will give Trump credit on this real quick. Right. Trump has, you know, he's made our US federal tax revenue, our revenue go up, but defense spending, he can't he can't he can't stop that. It's already built into the cookies. So again, if you had if you make $56,000 a year, this is what the the United States of America is doing, making 5.6 trillion. If you made 56,000 a year and you spent 72,000, you're in hole. You can't print money. You're going to go to jail if you print money. You can borrow it, but that's the problem, guys.
>> You can you can legally >> get more value and get more Bitcoin.
>> Yeah, you can legally print money with Bitcoin miner.
or legally like Lou would make all that money, get them sets.
>> Ain't that something, Lou? You get your paychecks coming in, the price goes up today. Ain't that something?
>> I know it hurts, man. Because And I have to wait again. So, let's just say I go all in now. Boom, boom, boom. Uhhuh. 66, 65, and then goes to 60, and then I got to wait till the 21st, and then when the 21st comes, back up it goes. You know, >> you ain't got You ain't got to wait though, bro. I told you what to do.
[laughter] All right, good show, boys.
>> Good show, fellas. Get your new hat.
>> Shout out to everybody. Hey, look, we're gonna try to get more viewers in here.
Uh, next on the next one, we do >> got title title and thumbnail got to be, you know what I mean?
>> Next show we're going to come proper. We >> got to go to 100. From 100, we got to go to 200. And then, you know, >> and have them all in a room looking at your wife with a big bottle of uh water.
>> Yeah. 25 people in the room, bro. Crazy.
[laughter] >> We're going to be doing uh the next show, I don't know if it's going to be on Thursday or Tuesday next week, but the next show is going to be only on the mastermind. So, if you're watching this on anybody else's channel, mine, Jerry's, Robins, Forests, uh it's going to be only on this mastermind next week. We're going to have a proper thumbnail. All the boys are going to be on there. We're going to have a a good title. So, you get yourself here early. settle in, get yourself a seat. Um, because there's only so many available.
>> Make sure >> 21 million seats. [laughter] >> Can you share my screen one more time?
>> Yeah.
>> Make sure you guys subscribe. If you, you know, all our Bitcoiners, if you want some political news, make sure you subscribe to Lou Valentino, LV Nation.
>> I'm appreciate that, man. Yeah. Yeah.
Subscribe. Donate so I can buy more Bitcoin, man, with your money.
[laughter] And make sure you head over to Jorah's channel.
And uh where we at here?
Where were you at? I got you.
>> Spaceman said wallet check. Okay, let me check the walle.
>> Spaceman and his loyal dog sent in uh a thousand sats. Look at that. Says good work, guys. From Spaceman.
>> Thank you, Space Man. Appreciate it.
>> And uh that 2500 had no comment with it, but I'm pretty sure based on who I've seen in the chat today, I'm pretty sure that was our guy Ian. So, I could be wrong about that, but that's just an assumption based on historical data.
Uh, look at this. Pandemonium says, "Never knew about the BTC mastermind.
Was watching on the forest one." So, there you go. Make sure you check it out. And I would suggest, I'm not going to tell you what to do, but um, click the notifications. So, then next Tuesday this time, you're not scrambling to find where we are. You'll have a nice notification letting you know where we are. So, >> I think I think we're coming on Thursday, aren't we?
>> I don't know. No one knows. We're uh >> Well, Lou says we're coming on Thursday.
He He demanded it behind the scenes. I was like, "All right, Lou. Well, damn."
>> Hey, Thursday is a good day, man.
>> Let's do it, man.
>> Every day. Every day is a good day.
>> Twice a week. Then people for the people that, you know, some of us can't show up. We'll just do Tuesdays, Thursdays.
[snorts] >> Okay, boys. I got to wrap because last week it was the three of us and Brandon, I think, and we went off the rails for an hour after the show. [laughter] So, we got to cut things off quick. So, thank you, Jerry. Thank you, Lou. Uh, thank you everybody in the chat. And big shout out to the people who sent in miss today. We love you all and we'll see you this time next week or earlier. Adios.
[music]
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