BTC Sessions - $1.5 Million BTC is Happening Sooner Than You Think! | Guy Swann, TJ Miller, Mike Germano
Episode Date: February 8, 2025FOLLOW TODAY’S PANELISTS:https://x.com/mikegermanohttps://x.com/nottjmillerhttps://x.com/TheGuySwannFOLLOW BTC SESSIONS on X/Nostr: x.com/BTCsessionsbtcsessions@getalby.comBOOK private one-on-one se...ssions with BITCOIN MENTOR! Learn self custody, hardware, multisig, lightning, privacy, running a node, and plenty more - all from a team of top notch educators that I've personally vetted.https://bitcoinmentor.io/—------------------------------SHOW SPONSORS:BITCOIN WELL - BUY BITCOINhttps://bitcoinwell.com/btcsessionsMINING DISRUPT CONFERENCEhttps://www.eventbrite.com/e/mining-disrupt-conference-2025-fort-lauderdale-florida-tickets-980017277057?discount=BTCSESSIONSCOINKITE/COLDCARD (5% discount):https://store.coinkite.com/promo/BTCSessions AQUA WALLEThttps://aquawallet.io/NUNCHUK HONEYBADGER INHERITANCEhttps://nunchuk.io/individualsHODLHODL NO KYC P2P EXCHANGEhttps://hodlhodl.com/join/BTCSESSIONDEBIFI LOANShttps://debifi.com/#btc #bitcoin #crypto
Transcript
Discussion (0)
What is going on, everybody?
Welcome to the show.
We've got a good one this evening.
We've got three gentlemen sitting backstage right now.
We're going to get bullish altogether.
Of course, everybody that's here, smash that like button.
We've got plenty to talk about, plenty to be bullish about.
But I want to bring something to light in regards to the title of the show this evening.
Just a little tit.
So I'll bring up my screen here for a moment.
If you're unfamiliar, Ark and Vann.
ARC Investment Management LLC, American Investment Management firm based in Florida, founded by Kathy Wood.
You may recognize her face.
They just released their report, their big ideas for 2025.
And in it, they have a section on Bitcoin.
And they talk about how Bitcoin has been evolving over time, previous all-time high, just hit in 2024.
And again, beginning of the year, talking about.
kind of how the market is growing and matured over time.
But near the end of their report, they got to their projections
and how a prediction and price that they made in 2024 seems to be on track, in their opinion.
And so what were their projections?
Well, their base case for Bitcoin by $2010,000.
Their bull case is 1.5 mil.
and their bare case. So if you're feeling bearish, 300K, 300K, that's a yearly return of 21%. Let's just take a
quick listen to what Kathy Wood had to say back in November, and thus is shown in this more recent
report. We have a 2030 target. In our base case, it's around $650,000. In our bull case, it's between
between $1.5 million. Now, remember, we were the first public asset manager to gain exposure
to Bitcoin in 2015 at $250. And we still, at 90,000, I think we have a long way to go. Why?
Well, first of all, we're getting regulatory relief here. And I think that's one of the most
important things coming out of this administration. We will get regulatory relief on all kinds of
innovation, including health care. So the other thing is we're looking at Bitcoin now being viewed
as a new asset class. It's not just a global monetary system. It's a new asset class. And what that
means is institutions and asset allocators generally are saying, wait a minute, this asset is
behaving differently from all of our other assets. We need to include. So I think that's the next
big move. And if you look at years where the Bitcoin has halved and the inflation rate has gone
down to 0.9, it's usually had a nice big move. So there you have it. Again, they gained exposure
with Bitcoin back when it was $200. So, I mean, they've got a pretty good track record.
Okay. Now let's start right. For anticipating value there. But we are going to dive into the show.
We've got an awesome panel. We've, of course, got Mike Germano, who most recently ended his
three years with Bitcoin magazine onto new ventures. Maybe we'll chat a little bit about that
this evening. We've got the silky smooth vocals of Guy Swan, the host of Bitcoin Audible.
If you ever need to read without reading, let Guy do it for you. He can read you everything about
Bitcoin. And of course, we've got this gentleman right here, Mr. T.J. Miller, if he looks
very familiar. That's because he's
probably in a whole bunch of stuff that
you've seen. Silicon Valley, Deadpool.
He's voiced in
how to train your dragon if you've got kiddos around
and plenty, plenty more.
And he's currently touring as well.
He's going to be in my hometown of Calgary.
Can't wait to go see him do some
stand-up. So, very excited
to have these gentlemen on.
Without further ado, I am
Ben with the BTC sessions. This
is your daily session.
All right, let's welcome to the stage, Mr. Mike Germano, Mr. Teuteman, Mr. Teabay Miller, and Mr. Guy Swan.
Gentlemen, thank you for being here. Appreciate you.
Are you guys feeling bullish? How's your Friday going?
Hello for Miami!
You're much warmer than I am. It's been minus 20 degrees here for the past week.
Well, you live in Canada. I mean, the only thing worse is Edmonton.
You gotta make a decision here.
Are you to live in the worst weather or the worst weather?
Yeah, I'm literally three hours so drive from Edmonton.
I will say this.
My wife also, Kate keeps being like, oh, I'm so jealous of the weather.
Yeah, but you've still got to be in Miami.
So these guys are all lazy drug addicts.
The whole place is coated in cocaine.
I don't do cocaine.
So, yeah, I'm bullish on Bitcoin and bullish on getting the fuck out of here.
Although, as I said, I had a little meeting with.
Michael Saylor and that will be fun to talk about the bullish nature of that but yes hello sessions
thanks for me on mike huge fan obviously I think I have we I didn't know that I was going to be
able to tell you this but my wife made a piece of art and we've got one coming your way so I'm
excited about that even though you kind of uh you talked out of that and then guys swan this
exciting we've never even really had a moment to ask one another very personal questions
This would be the place to do that.
Yeah, man.
Yeah.
I was getting the deep stuff, you know.
Yeah.
Well, gentlemen, we're going to get to it right away.
Again, this is why are we bullish.
Premise of the show, of course.
We all have various things for being bullish.
There's always a reason for being bullish on Bitcoin.
So the flow of the show pretty simple.
I'm going to ask one of you, why are you bullish?
It's your chance to rant and get off your chest,
whatever you're excited about.
And then together, we'll riff on the topic until we put a ball on it and rotate to the next one.
So, Mike, I'm tossing it to you first.
And I am going to, I'm literally just going to toss it right up.
Mike, why are you bullish?
Take it away.
Well, I'm bullish because a bunch of senators and David Sacks came together to talk about
their school homework assignment project that they were working on together.
give us an update on what was happening with, you know, crypto and their stablecoin bill.
But in reality, it was a way to just let everyone know what's about to come.
And I know that we have a bunch of autists in Bitcoin who expected, like, you tell us that SBR's happening right now.
I need to have in the first two minutes look at the Bitcoin price.
And that's absolutely ridiculous.
What now are they putting together, not just a sovereign wealth fund, but it's going to be a Bitcoin strategic reserve.
It doesn't matter what anyone at Ripple says, right, just because they've put it.
pay $10 million to be at Trump's party does not mean that they're involved anything and they're all
idiots, right? And what we, what we are going to have is we are going to have a Bitcoin Street
Reserve. They all want David Sachs say it. David Sachs ain't going to say it. Trump's going to get credit
for it. And the last, what, it's only been 14 days and he's literally, I don't know, cut half of the
USAID and changed everything. Like, he's done a lot in 14 days. So once again, this Bitcoin thing is
like for when he's got nothing going on, like, you know, it's going to be his little side fling
that he's just going to throw out there. And I can say this, what people don't.
know is there's three countries that are just waiting for US to announce and that they're going
to announce the Bitcoin Strategic Reserve. Like that's that like once again, being at the Bitcoin
conference, Bitcoin magazine said, we'd have to like talk to people and spend eight months to
try to get them to even think about this. And now we just know countries that are doing this
that are like, oh, do you want to report on us doing this or or we're just hearing about it? So once again,
people have infected the Bitcoin network and everyone's kind of doing all the all the work,
what we're seeing coming happen out of what the you know btc prog team has done with the check and
finally you know i think it's important to know that a micro strategy went through you know a puberty
brand puberty and now they're in this weird stage of like a weird logo that they think is cool
we're all supposed to pretend like we like we're all supposed to pretend like we like that branding i
get it you guys all have to say it because you know you know daddy sailor but you know i think
that we're excited now about what that will be common way that company's going to go
DJ had thought.
Can I say that my only, the only joke that I told Michael Saylor today that worked was I said,
congratulations on the rebranding going from micro strategy to strategy.
And I'm excited, when are you guys going to do a G?
Just a G.
And Gatorade went to G and it was like the worst, you know.
You know, no, but edgy, E, GY.
I think they just keep getting more micro.
and he thought that was funny
and then my other two jokes
he was like I don't
okay thank you for not
I don't need a carrot cake
and I was like well that's why I didn't bring
he does not laugh a lot
I was like that's where I think
yeah that's why I didn't bring you a carrot cake
for your birthday and he's like I don't need it
and I was like yeah that's why I didn't bring it
he's like all right get out of my house
specifically I think
I agree with you Mike
in the sense that
Right. Everything you just said, I agree with you. But I will say that that was such a flex to the
tech, just to the financial community. And that's what I love about it. So they could have changed
their name to a backwards B, you know, with Ethereum and a pro, like a circle with a slashed.
They could have, but I think what was really interesting was to see them, in my opinion, at the right time.
By the way, forget the branding. Think about the timing.
to sort of be like, and that was one of the most interesting things today talking to him.
I don't think, I think there are other people that feel this way, including probably the four of us.
But I don't think he in his mind at any point is like, seeing bitches, I told you, I fucking knew it.
That's it.
Mike drop.
I don't think that's in his mind.
I think he's just like 30% year over year.
That's the yield.
If you have money, it should be in Bitcoin.
Anybody who's not doing that, I don't understand.
And it was also funny.
I talked to somebody else and I know at Now Strategy and just the idea of like, I guess they're
getting a little bit of blowback online about how they have this merch store, which I find
very funny.
They should.
They have a merge store and they don't take Bitcoin.
And I guess a bunch of people are like, why don't they dig Bitcoin?
And Sailor goes, because I'm telling, I was like that.
I mean, that is ironic.
And he was like, why?
And I go, it's kind of the definition of irony.
I mean, you guys don't take Bitcoin.
And he was like, yeah, but I'm, we tell people you're not supposed to spend your Bitcoin.
It's capital.
It's not currency.
And then I was like, yeah, I look like a real fucking asshole.
Right.
Yeah, that didn't quite.
I guess I didn't really connect with that component of it.
But I, I like the rebranding because I like the message that it says.
That's, that's, that's, that's why I like it.
And I think it's cool that he's like, wants to have a word like, like,
Google or whatever. I think that is interesting because I think he's at the precipice of that.
But, you know, we talk about sessions. You say we talk about why are we bullish? That would be one of
the, you know, check marks that I would put on. This is the, this is the zeit guy's sentiment of what's
happening, you know? Guy, what are your thoughts in and around the branding? I mean, a strategy
is larger than a micro strategy. So they're moving on up there. But, you know. Yeah.
Yeah, that would be, you know, intuitively, you would assume that to be the case, that they have stepped their game larger.
But I actually read a tweet from someone, which is funny.
I have no idea this is something that I'm sure they just pulled out of their ass, but I thought it was kind of a interesting idea, is that this was actually a transient branding and that they were actually, this is actually a move towards, because it's strategy with the B, right?
and that this is actually a move towards strategy bank and that the the potential brand shift is to open up a financial institution or to have it as a a backing for a financial instrument or a payments network or you know whatever it is i mean they provide uh like they do business analytics software sort of stuff right now um it wouldn't be it's it's that that's not a huge stretch in my opinion especially when you think about the fact that
that like the type of tools and things that they build like the the ease of being able to do that
themselves like they'd be able to build all of that in-house so they wouldn't have the like like you
in the fiat infrastructure you're just beholden to a billion other people and if you start
thinking about how you treat your business from a from a local position like what control you want to
have and how you want to run your stack and all of that stuff is that you
you you suddenly have this opening to do a whole bunch of stuff that the fiat world just doesn't let you do
um that you can do yourself so it would be really interesting i mean i again i have not looked into
this i don't really know much about you know no depth here but it was a fascinating idea and it's
hard to let go of i keep thinking about it as someone who's been i had an agency in burning
and uh advertising for many years before this this is this is the
playbook. This is what you do when you're going to get to it's a bridge it's a kind of a bridge logo bridge
identity. And you know, the gentleman who tweeted that I was absolutely like, not only does it
make sense, but it's a smart play for them. First, they have to shed their old company because once
again they have a tremendous amount of employees. I went to micro strategy world a couple months ago.
I presented there, but there's a whole company, right? Like the Bitcoin, you know, Bitcoin corporations
was the side event. They have a master company. And so for then things we say the master's company like,
you know, this is kind of half shedding the massive company and putting that Bitcoin logo there.
I agree. I think it'll become a bank. It'll become, uh, which is obviously what they're going to do.
So half of it is first kind of shying away. It's the divorce from the old company, which, you know,
maybe that splits apart or whatnot. But, uh, from a branding perspective, obviously strategy is like not
the cool hot word. It's this is going to go putting that B there was the more important part.
I've got a quick question here. Sorry, TJ, you go ahead first. And then I've got a,
I got a question for the whole panel here. Just like, so.
where does, and I'm asking Guy and Mike, everybody, where does sort of the preferred stock,
the STRK come in with that? Is that sort of the first move in that direction? Because I didn't think
about it as such. I just think Saylor was kind of like, we're not a software company anymore. And I
think that he said, we're Bitcoin first. And I think the reason he said AI is because as a futurist,
he's like, that is staying in the conversation. But I had kind of a late night conversation too.
about and I'm working within the realm of AI a lot right now.
I was like this AI agency, all this stuff.
And meme coins definitely may go the way of NFTs and Metaverse,
where we just are confirmed again in the next cycle that these are like fads
and that Bitcoin is not on the only thing that remains, but is,
and I'm,
I'm not going to say I'm a maxi, like, hardcore to the level that I don't own any ETH,
but my wife is a fucking maxi.
And she's like, why buy Pepsi when you can buy
and why would you ever not buy Coca-Cola?
So I get that, but I was wondering from the three of you guys, like,
in this road that you're saying they might take,
where does that, like, strike?
I'm joking.
Where does that fit into the financial products that they're, you know,
offering or trying to move into?
That's a good question.
Cool.
Let's none of us answer it.
I also, I've been partying a lot at now.
I mean, like, let's not forget, guys,
everyone who just, you know, they spent 20 years providing AI and computer systems to all the
government agencies. Like, I feel like we don't get ever say that. But like, when you even go to their
conference, they're like, here's all the government agency we provide services to. I've always
asked what they kind of do. And I never understood. I've been in tech world for many years. I never,
I never understood what they do. But they were, you know, once again, probably providing good services
to companies. They were just a public trade company. No one really ever heard of in the space.
So you're asking what financial services they're going to offer in Bitcoin.
They're going to be Bitcoin biggest holder where the shareholders don't care what they do for Bitcoin,
and they're going to find ways to financially engineer the rest of Wall Street with that Bitcoin.
And that's why they're pushing every other company to adopt this Bitcoin strategy.
You would think if it was Saylor only cared about it for himself, he would only do it.
But instead he worked for Bitcoin corporations.
He's given that playbook out.
He wants everyone else to do it partially because he wants the, you know, he doesn't, he wants to have less, more collateral damage if, you know, the Wall Street says you can't.
do this, right? Because he's kind of figured out this, this very unique play. But he wants
everyone else to do it. So it seems like the normal. And he's just going to be the, you know,
on the top of the hill. He's the chairman of the top of the already stepped down just to focus on
Bitcoin. Now the whole company is going to be focused on it. I was just going to say, sorry,
I'll quickly just chime in. I think, um, again, it's, it's, if there's anything that
Bitcoiners have learned over time is being a, a Bitcoin only company,
is very tricky, right?
It's very easy to make money when you are saying there's Bitcoin and then there's all
this other stuff and we're going to make money on you trading and timing and moving and
getting giving you like TJ as you alluded to different products based on all of these different
coins and all of them have merit and all of this other stuff.
And then the cycles come and go.
but every time, every cycle, we see this flushing out and it's just a volatile path to owning less Bitcoin in the long run.
And so I think that the draw with something like what Michael Saylor is doing is one, you have to have a business that actually isn't a zombie that actually generates a profit and has like a business model that is profitable.
And then the compelling use cases, what are they doing with those profits?
Well, they're stacking Bitcoin and saving in money that nobody can print,
which allows them to continue to accrue more value and then funnel more into building the business from there.
So it's like you're getting this, basically like this corporation on steroids that knows how to generate a profit and isn't just
benefiting from the the the fiat you know like anything with a with a pulse uh is going to go up
forever um and they're anticipating kind of the shift into a bit more of like a sound money standard
where like you actually have to provide value in order to accrue value over time and then also
accrue that value in something that can't be the day so i don't know um that's a guy i interrupted
you so i'll let you dive in as well here
Yeah, it's a bit of a, I mean, you know, this is a total guess, but in kind of a naive picture of how I see kind of what micro strategy is how they have positioned themselves and what other people are using them for, it's basically a hedge against, it's an arbitrage play against the fake interest rate in the fiat world and the expected cagger of Bitcoin.
is what's the return on Bitcoin that you would get in a in a growing and establishing new sound monetary standard and the fake interest rate that you are getting in fiat and so they are literally issuing that they're basically making the uh what is it appears uh it's it's a bet it's a um what's the the attack the dollar do what
no no i was saying pascal's wager but that's about believing in god so that you might get into heaven so
But it's he's basically lending taking out debt to buy in bad money in order to buy good money.
And which in and of itself is a arbitrage play that is trying that is pushing towards real interest rates.
So and then you have another really interesting thing that's happening with something like Tether is that they are backing.
a dollar stable coin by buying bonds, but they are only buying short-term bonds. So they again are making
a play on short-term interest rates in order to provide infrastructure. And I just, my initial thinking
or my simple thought would be that they are moving somewhere into formalizing what they are
being used as. Is that, okay, this is a play for lending. Like you are going to buy. You are going to buy
an instrument that is a that is a loan to buy Bitcoin or something of the sort and establishing
some sort of a concrete market and they become essentially a pass-through for ownership of Bitcoin
or hedging against Bitcoin or hedging against bad interest rates when it's not keeping up with
inflation, you know, whatever it is. But it's something there because that's how they're being
used i would wonder if uh i would wonder if there was some extension or formalization of
that kind of a relationship i guess yeah i just wanted tag in one one last thing here in
regards to tj you said like you know you were alluding to um the past in regards to
various um you know like the the flush of of all the like bs as as a cycle go comes and goes
And there's, I love seeing this chart because it's, it's just encapsulates that very sentiment.
This is the performance of like the top 2000 and something coins over like a decade long period versus Bitcoin.
And this is, this is drawn out.
Yeah.
That's the best.
I mean, you know, and there is something funny.
It's like, you know, I think sometimes we hurt ourselves by being too maximalist.
I think that, you know, we want larger adoption.
I said this today and just give me one second because I am in Miami.
Can you guys shut the fuck up for one second?
Because I'm in conversation.
Okay?
Loose it.
It's like a city that is one of those three-wheel cars, the swing shot.
That's the whole fucking thing.
Ridiculous.
So I love this.
I mean, you know, part of the, what I was talking about today is like I just couldn't believe that, you know, I, I am concerned that when my main focus right now and I talk, you guys saw Joe Bryan's video.
Yes.
Like just kind of.
So I had dinner with him on Friday.
I also love it.
It's so funny that I, everybody, when I tell people I'm at a.
Bitcoiner and stuff. They're just like, what? What? What? Why? I don't know. I don't know.
My first question is why aren't you? What I talked to him about is he has, he made this great thing.
I love his voice. Saylor said that also, but it's 40 minutes long. And it's great.
But all of us have tried to get people to understand Bitcoin in like four minutes.
And we we lose their attention after three minutes. Right. So I'm really focused on how
And Michael Saylor didn't.
He kind of was like, okay.
But I'm really focused on right now, like, what is the property?
What is the thing that just makes Bitcoin cool?
And suddenly you're like, oh, he's so cool to learn about Bitcoin more because I also have this theory that you need to do about 50, 50, 50 hours of study and learning on Bitcoin to understand it.
And it's almost impossible to get anyone to study after they've left.
school or graduated or whatever and what's weird to me and I was thinking about this today a lot
how is it possible that if I say to you and I this isn't the reason I'm behind the philosophy
that's what I think is interesting how is it possible that I can say to you this is a way for you
to be really wealthy I'm going to tell you about something that if you learn about it you could be
rich which is not the reason that any of us are into but how is possible that I say that
and then people are like,
cool, wait, I have to read?
To read about it?
What do you mean?
And it's like, just maybe this book?
And then Scarmochi is like,
what about a smaller book?
And it's still, so I think what we're doing is
sometimes the maximalist thing about this is our club
and you don't understand is hurting the overall adoption rate.
But I do really believe, and also thank you to everybody
saying all these funny things on the chat.
I love each and every one of you, except for melancholy.
A tether is a path to CBDC.
Stop using so many goddamn acronyms.
You know, about sort of bullish on Bitcoin, I'll jump because I have a brain injury
and I'm going all over the place, which Mike has had to deal with before.
Here's how bullish I am on Bitcoin, okay?
I have told everyone around me, some of them who I've sent Bitcoin,
too, trying to figure out some way.
One of my big maxims right now is you never sell Bitcoin unless it's going to change your life.
And that change can be, I can finally own a car instead of lease it.
I can buy this thing for my mother.
Now it's going to be possible to have kids.
that is the only time you should sell Bitcoin because that's what Bitcoin is for, right?
You can say it's digital capital.
You can say it's generational wealth.
You can say all those things.
And I'm not going to disagree.
Okay.
But for me, Bitcoin is hope also means Bitcoin can change, right?
And it can change your life.
And that's when you should think about spending it.
If you don't, if you're not in that moment in your life, then do everything.
had so many conversations with my business managers where I'm like, what can I do to not sell Bitcoin this year?
And you can feel that he doesn't own any Bitcoin.
And so you can feel that when he's like, well, I mean, yeah, of course that's the focus.
But, you know, it might be something that has to have.
I'm like, you don't get it.
If you got it, then you would be saying to me, I know, I feel the same way.
I don't want to sell any of my Bitcoin.
So all of this is to say, I'm bull.
in a way that I say, do not, and it's not just the 100K.
It's not just we've been proven.
Did I cry when we got to the new all-time high in the 70s?
Yes, of course, because my parents thought I was a loser for a good two years.
Exactly.
Right.
Mike knows it.
Back to front and front to back.
That was a big, big moment.
But I think all it's done is remind all of us that, like, yes, we were right, but the philosophy, not the number.
drives the bullish case.
Look, okay.
And I think it's great to have TJ here because I think the important thing is what I think is unique here is TJ's here.
We're talking about mainstream culture that now is looking at having that conversation about Bitcoin.
Bitcoin is cool. Bitcoin is different, right?
The fact that Trump, let's be honest, Trump only liked Bitcoin because it was counterculture and he knew that there was an audience that he did.
get to. And we are now having the fact that, you know, guy, I think half of the world probably
started learning about Bitcoin because I listened to your audible because, you know, I'm just
lexics, I'm not reading. But, you know, I'm like listening to what you said to hear anything.
And so there's so many people that heard through you, BT sessions. You've taught everyone how to put
on a hardware wallet. You know, we all know that's your, you know, hopefully someday it's a big scam
and you've been able to steal everyone's Bitcoin. But you've taught so many people how to put that,
you know, that Bitcoin there. And I look at TJ, I'm like, the truth is,
whether we like it or not, and I have no idea to be an actor,
but your character in Silicon Valley was literally the person
who protected all the nerdy autists, right?
Like you were the person who sat there and said,
defended all those people.
So to see you kind of come into the space,
we're like, that was everyone's hero.
We were like, that was our hero.
Everyone else didn't fucking understand it.
We're like, that's the guy we wanted.
We wanted him in our startup.
We wanted him in our mission.
So the fact is Michael Saylor even having conversation with you,
because every time Michael Saylor talks to me,
he yells at me for fucking a straight hour.
So like, you know, I'm happy that he's like,
having a nice cordial conversation with you. But I think that the mainstream part of this is important,
right? And look, we want to think it's like when a band becomes popular, right? Like a band becomes popular
and everyone's fans of it early on go, I don't want it to be popular. I want it to be my band.
No, no, no, Bitcoin's about to be popular to the whole world. Right. And this is kind of a turning
point. We might not like it. A lot of us wish Bitcoin was our, but we had this cute community,
but the government's talking about it.
Kings all over the world are talking about.
The news is talking about it.
Let's look at, you know, Trump.
And once again, that's why I'm joined Pub Geh
because I believe in the cultural revolution
of what's happening here.
But, you know, when you're seeing what's actually happening,
you're seeing that Bitcoin is part of the conversation.
Look at the Google search results
of people who are now talking about it.
It's unavoidable.
That's why I'm bullish because it's now entered the mainstream.
The same way, this is like what happened is skateboarding.
They're like, oh, no one gives us.
shit about skateboarding or snowboarding, right?
Like this is the same thing that's now happened.
And like I said, my time advice, I can see when counterculture things are becoming mainstream.
And the difference is this is money.
So it's a lot different.
It's not about like you out, you know, getting too old to not skateboard anymore.
You're always going to be like, as you get a little bit like, I would like to keep having
some more money.
So I think that we're now hitting this mainstream culture moment for Bitcoin.
And that's why like to me, it's kind of special at TJ's here.
Nice.
I like it.
Oh shit.
TJ, hold on.
Right.
I will say this.
Now, I tweeted the link to be a guest.
Now, I do to watch.
There's a dude name Jason backstage because you do.
You never know.
You never know if Sessions is going to bring him on.
I might bring Jason on at some point.
Let's wait.
He can hang.
So, first of all, Mike, it's interesting to say that because, like,
I haven't been able to have this conversation.
They've just brought up with a lot of people.
And congratulations.
on Pubkey, I can't wait to hear how you feel about them once they rug you for money.
But that's okay. I mean, you know, when you don't have ethics, then you buy a DiBar in a
neighborhood. I look forward to today. In a neighborhood that's not particularly excited about your
affiliation to Donald Trump. So we'll talk about that never again. Here's what I will say.
Here's what I will say. I am very surprised. And I did bring this up to Saylor who mentioned Mike
that he's really, really upset with you.
No, no, I'm fucking with you.
Not at all.
Not even a little bit.
Not even a little bit.
So I did mention, so I, I agree, right?
We're getting close to the mainstream.
But what I said, and I think this is really, really, really true, is that we all are in this,
like, echo chamber.
And I don't know that Saylor necessarily agrees.
But I do feel like all of us will do this very strange.
which is we'll say, well, it's still early. You're still early. There's only one percent adoption,
right, that's happening. And we tell people, you think $100,000 is a lot. You can still get in early,
right? But we're surrounded by people that are all bitcoins. So we don't really, there's this
cognitive dissonance that I have found through field research. I'll go to Appleton, Wisconsin,
Irvine, California, Grand Rapids, Michigan, all these places.
And then as a stand-up comic, right, which is I'm there, I'll say,
who here owns cryptocurrency?
And I'm not joking, guys.
I said this to Saylor today.
Who here owns cryptocurrency?
Nothing.
No applause, nothing.
Then I go, does anybody here own Bitcoin?
No one here owns Bitcoin?
Nothing.
I'm not joking.
Hundreds.
Thousands of people over the course of these tours.
tens of thousands
nothing
then I'll say
none of you have any
and then occasionally
some fucking white guys
will be like
I have some cryptocurrency
and I'm like
okay cool
what is it
do you have Bitcoin
do you have Ethereum
what do you have
and I'm not joking
some of them will go
I don't remember
I'm like
what I'm like
you own meme coins
that you can't remember
I'm like oh that happens
to me a lot also
I lose
money in my house and I'm like I'll find it someday or who cares. So it is so making it
mainstream we've also been tricked by the ETFs because we go oh black rock look at all the
inflows all that stuff that we read right we all read that stuff we're like yeah right
look these guys are whales in fintech they're people that are huge the money coming in and out
is not this reflective of this huge mainstream adoption that being said Mike I agree
especially about this, now people can't brush it off.
And we thought this before, though, I will say, we have thought this before.
All of us have been like, I mean, I remember when I was like, 25 grand, that's it.
We did it.
No one will laugh at us again.
And they did.
So, you know, 100 grand, I get it.
But now that it's bounced, I had this great moment with this guy that I'm doing a film with,
He's this brilliant producer.
He produced Ted.
He's Seth McFarland's guy.
And he's very smart.
But I told him a long time ago by Bitcoin.
He's like, I think I kind of, you know, I missed the vote on that one.
I did my whole thing.
No, you didn't.
Here's why, et cetera.
Then I met him after 100K, right?
After that happened.
And I go, you see, man?
You should get Bitcoin.
Now's the time.
He goes, Bitcoin.
I mean, after this crash.
But, and I go, whoa, whoa, whoa, whoa, whoa.
What?
Sorry, I interrupt Mike, but I go, what?
And he goes, well, I mean, now it's totally crashed.
What is it down to 94,000?
I'm like, what the fuck are you talking about?
Are you fucking insane?
What are you talking about?
Oh, my God.
Here we have the least amount of fertility that we've ever had in our entire life.
And yours telling me about this crash.
I like, I think I fumed and was like, T.J.
don't talk to them.
So Mike, say we're going to say, I didn't interrupt you, but like, that is the thing that keeps
me going when it mainstream, not at all.
It's a good point.
The weird thing is, and once again, I was in New York media over advice and did lots of cool stuff,
everyone I know who should have been on the inside, should have known what was cool, should have
known what was going on for whatever reason, because they didn't buy it, whatever, they'd blown
off Bitcoin.
So all the right people who should have been adopting it, now that it's like the price is too high, they don't want to get involved, right?
So this really is still an outsider group that's embracing it when actually the real powerful people and these people will have, you know, who can really move things.
They are now dabbling in some shitty meme coin or they're looking at like NFTs or something like that.
And in reality, they're mad at themselves for like missing on Bitcoin.
I was that advice.
You could write about Bitcoin.
be like, this is how you buy drugs.
That's a great place to buy drugs.
We thank God Rock was free.
But like, you know, like we used to write about it then.
And now if you look at, you know, once I went over to the Bitcoin conference,
the first vice article was like, they don't have masks and cards.
And it was really fucking lame, you know, and they were not as cool about it.
But there's a whole group of people who felt like they missed out on Bitcoin that were the mainstream.
But I really think it's now unavoidable.
Like now if we're looking at who's actually talking about Bitcoin.
And that's why, once again,
and TJ, I appreciate you and other folks.
They're saying, this makes sense, right?
Because there's a lot of people who do it.
And it's not just having a micro strategy stock in your portfolio, right?
We want to be like, cool, you can have that because you're 401k or whatever, your finance.
You know your financial manager's okay with it because they have to have it.
But like, the truth is like, own some fucking Bitcoin yourself.
Yeah.
Yeah.
So I want to throw in a little bit here just because I think there's a perspective that's
important for both. It's not mainstream and it is mainstream. And I think, and this was actually my
reason for being bullish that I never even got to, is there are a couple of different mental
shifts that happen when you kind of submit to a new reality, to a new shift in a technological shift
or the new reality of, you know, the media landscape. The internet has had numerous of these
major shifts in, you know, the capitulation in the music industry and selling songs individually
on iTunes and that sort of thing. And the more, everybody's always waiting for it to be
mainstream and everybody loves it and everybody thinks it's the greatest thing. And I think
that's kind of a, uh, kind of a red herring on, like, it doesn't really matter whether or not
it's the big thing. In fact, it's only really during the hype cycles and there's a bunch of
green candles that everybody cares about it or it's like the most important thing and they get their
their fingernails painted with bitcoin symbols and all their other favorite shit coins on it.
You leave Katie Perry alone.
I had a fresh manicure orange.
Yep.
It's the good one.
It's a good one.
The shift that is far deeper and more important that I think is the rubicon we have crossed very
recently is the capitulation of the people who utterly hate Bitcoin is the fact that they are hedging
how they talk about it. Even Peter Schiff has now tweeted, I don't even know how long this can go on.
He's admitting that it might not die.
It's forever.
And when it is set, that is crazy, dude.
When it is set in the general psyche that it's probably just never going away,
it totally shifts the conversation.
It shifts the mindset.
It shifts the conversation about investment.
We still only have one company in the S&P 500 that even cares.
And that's the beginning.
That's when the door opens.
And also thinking about the idea of it going mainstream,
Like, it will never be done going mainstream either in the same way that like the internet's not going to like stop growing.
Like it's just the global network for communication and it will continue to eat the whole world.
Bitcoin will be the global network for economic trade and monetary value and it will continue to eat the whole world.
We just got to the point that everybody is beginning to realize that those websites actually mean something.
And the reason that those stocks are growing up is because the internet is actually a big thing.
And maybe I should actually have a plan.
And that's where I think we are.
And that's why I think 700,000, 1.5 million in 2030, it doesn't really matter.
It's just going to continue to grow.
And it will become the most important monetary network on the planet.
and then it will continue to grow
because it will just spread into the rest of the world.
I love it.
I'm going to pause everybody right here.
We're going to go to a quick break for one minute,
but every time somebody on the show mentions Peter Schiff,
I must bring up my framed tweet from Peter Schiff.
It's so good.
Of course, why wouldn't you?
You have to.
So I'm just going to recite it one more time
because, again, like a fine wine,
it is aging beautifully.
it has not yet hit the peak, but you'll see.
This was tweeted on January 6th of 2020.
Peter Schiff said,
for those Bitcoin bugs excited about Bitcoin's 4% rally in 2020,
think about this.
Hashtag gold is also up by about the same percentage this year,
only with significantly less downside risk.
Is there the best rally Bitcoin can muster?
How will it ever hit?
50k, let alone
1 million. This
thing is going to age so
beautifully on my shelf. We are going to
be back in one minute.
I'm going to refill.
Yes. I'm going
to you next after the
quick break here. Yeah, because I have
50 things, like
what guy just said, I have like 50
thoughts about that and I just continue
I'm like intoxicated by Mike's
hair. I don't know what's
it's not getting worse. It's not
getting better. I'm scared by your
fake. Fake. I love it.
Okay, jens, we will be back in one
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All right, we are back in and we are going to first give away some stats and then we got something funny in a sec here.
Hey, if anybody's going to be down in the Fort Lauderdale area in around March 25th through 27th,
then make sure you be coming by Mining Disrupt.
I will be there.
There's a QR code on the screen for 20% off your tickets if you would like to check it out.
But we're going to give away some stats really quick.
This is Bitcoin well up on the screen.
The way it works is when you sign up, when you buy Bitcoin, when you refer friends, you're
in points, and then you can use those points to toss them in the Bitcoin wishing well.
Every time you do, you have a chance to win up to a million sats.
So all you need is a lightning wallet right now.
And the first person to scan the QR code that will pop up in the browser window is going to steal the sats from everybody else.
So I'm going to do that right now.
And whoever grabs it first gets them.
So let's see.
2100 sats.
Whoever scans that first will snag it from everybody else.
Just for good measure, I'll make it nice and big there for a sec.
And if you do grab the sats, make sure you let us know in the comments or in the chat,
wherever you're watching this.
I love to hear it.
Now, I do have to say something really quick.
As we're doing the show here, as we're doing the show here, as we're doing it.
God damn it.
Yeah, you got rugs, TJ.
Also, TJ inadvertently...
Okay, again!
TJ tweeted out the backstage link to the fucking show.
Yeah, you gotta do it.
Why wouldn't you do it?
And so, we have some dude here, and I was like, I'm in the private chat here being like,
who the fuck is Jason and why is he backstage?
And so against my better judgment right now, I'm about to let him on stage.
He gets one minute to say whatever he wants.
I think he has a baby with him right now.
So I better watch my mother.
I'm getting rid of this.
I'm deleting that tweet.
Is it still up?
Oh, my God.
Okay, so I'm going to let him up here.
And we're just going to let Jason, you're going to have one minute to do as you please.
We'll see if this was a good idea or not.
but Jason, welcome.
How you doing, man?
This is a great idea.
I thought, I heard you guys say Jason earlier.
I'm like, there's no way they're fucking talking about me.
It was TJ's tweet.
I literally saw him like, I'll listen in.
Yeah, yeah, I got a baby with me, I guess.
Well, we're bullish about that.
Why are you bullish, Jason?
Yeah.
Why am I bullish?
I don't know why I'm bullish.
I'm going to your show.
I was supposed to go to your show in March, TJ.
I'm actually, uh,
In Cincinnati, you pushed it to, fuck, October or something?
I had to.
Are you a Bitcoiner?
My Bitcoiner?
Yeah.
Why are you, I can't wait to see it the show.
But you're on sessions.
Tell us, like, what are you bullish about in terms of Bitcoin right now?
I guess here's a fun fact.
You guys know that that Razan email, they sent out the OPM for all the government
employees.
Yeah.
I'm a government employee.
I respond to that two nights ago.
That's your resign from it.
Yeah.
Wait, you take eight months?
Can the eight months pay?
Um,
we don't really know if that's going to be allowed or not.
There's so a lot of nebulous going on, but I just figured, you know, it's worth popping
out and seeing what's in the private sector and, uh, got a little one.
So it may as well, you know, build a better future,
which is to your thing, like, why bullish on Bitcoin,
I think it's honestly just build a better future and growing.
So that's really, that's what I got.
That is the cutest, cutest little bullish baby I've ever even imagined.
This is a great decision.
And then Mike brings it.
I also am bullish to have it.
I just know we were bringing kids.
You got to get a good.
him your government job.
Oh, yeah.
Awesome.
Jason,
thank you for popping in.
Yeah,
man,
that's a great sentiment.
Yeah,
I love it.
Take that money.
Take that time.
Find something in the private sector.
And,
and bearish on government jobs,
bullish on,
on,
DCA,
DCA as much of that as you can.
Yeah.
Jason,
Jason,
what are you best at?
This is a pitch for your job right now.
One of my best out.
You guys caught me in the middle of deploying a Google Cloud instance.
I'm actually starting my own company.
Yeah, what's the name of it?
What's the name of it?
Fuck, I'm not ready for that yet.
Jason, what's your Twitter?
He just started today, literally.
Just started today.
Jason.
Jason Adkey.
A.D.
Right?
I think that's, or hold on.
Jad K, Jadkey, 2009, is that me?
Jadkey, J-A-D-K-I-2009.
Yeah, I'll probably be,
hell yeah, I appreciate, man.
Sounds like an automatic email address.
It would be like divine to see something amazing come of this.
So Jason, thanks for randomly clicking T.G. Miller's.
Say it one more time.
Do your handle one more time.
You want me to do it like with pneumonics?
It's a Juliet, Alpha, Delta, Hilo, India, 2009.
I love it.
Jason, you have a wonderful night.
Thanks for being in.
Congrats on what looks like to be a relatively new baby
and build that family, stack those sets,
and I'm bullish on the future for families.
Thanks, brother. I appreciate it.
Cheers, guys.
All right.
All right, we're into that. That was awesome. I'm, I'm, it's, it's funny how stuff like that,
Panzo, but TJ, I'm going to go to you. I'm, I'm just going to pause at the same question
that everybody gets, but why are you bullish? What's exciting in and around Bitcoin for you right now?
Well, I think it was really interesting to hear guys say, and this is kind of true. It's like,
well, it may never be the mainstream mainstream thing, but how many people,
own gold, you know? I mean, in any, in any capacity, right? How many people own 18-carat
Cuban links? How many people have a significant position in gold? How many people are diversifying
their portfolio and precious metals by also owning silver? You know, these are not things that
they're a huge part of our financial ecosystem, but they're not mainstream in a way that,
that, you know, kind of just what guy was saying, right?
And I think what's really weird is like it's been very difficult, I think,
for at least some bitcoinsers to kind of go,
how is, what bizarre a world are we living in where Donald Trump is the president of
United States and deep down in my orange heart, I'm like, oh, thank God.
God, you know.
I guess that's just that's such a difficult, I guess, reality to kind of live within.
And I'm not political.
I'm a positive nihilist.
I think that none of this really means anything.
But if nothing means anything, then anything can mean everything.
And that's another podcast that no one wants to listen to.
But I think the idea of a Bitcoin strategic reserve, there has, there's a weird moment for all of us where we're like, we love clicking the thumbnail that says 250 by.
quarter three. Oh my God. It's 2031. Kathy Wood. I am, and I'm going to keep saying this because I
actually think it's kind of important. I'm friends with Ophelia Bronco because my wife is very good friends
with her mother. So, and Lavinia. And Lavinia was the one that brought Bitcoin to Ophelia and
Kathy Woods is a person. Like these are very important people. And when I talk to them, even they don't want to
say like, well, million dollar Bitcoin, but I get the bearish, bullish case. We're all used to
hearing that. But I think we really, each of us, every single one of us, when we heard just the
idea of Trump being like, I don't know, I'm a fucking idiot, but this sounds great. And then doing it,
and then China being like, wait a second, could this be the one way they could get ahead of us?
And then Russia being like, boo-hoo, we have terrible weather and our land is worthless. But
we steal money so we could do the you know the pub queue global you guys know what i'm trying to
do here everybody knows what i'm trying to do here i'm upset so jokes aside when that happened when
that pause then all of us were like well wait a second that's that is a million dollar bitcoin
you know if we take that much off to and however much has been lost like that's really fucking weird
And when that happens, then the conversation is completely over.
If we, you know, we go, oh, 100K, I mean, if we really ascended to like a million dollar Bitcoin,
then everybody has to learn about it, has to decide how the fuck they can just buy SATs a little bit at a time.
So that to me, I'm not saying it's going to happen.
I want it to.
I'm not saying it's going to happen.
It could.
I'm not saying it's going to happen.
But yeah, that's a pretty big reason to be bullish just in the sense that like, and I think the other reason that I'm a little bit bullish is I think it's sort of, it's almost like the understanding of the tech has caught up to the fact that it's not a Ponzi scheme sort of.
Okay, let me let me bring it into T.J. Miller, Erlick Bachman from Silicon Valley, right?
which I just am so pleased that that ever happened.
I'm just so happy about it.
I just got to say Silicon Valley is fun as shit.
I love that shirt.
And you were great in it.
Thanks, man.
Well, look at you, guy.
I mean, you couldn't be more high right now.
So, you know, from my perspective,
Mike Judge and I did this movie called Extract.
And on that film, I really came to a realization of like,
this guy's a fucking futurist, just like Sailor, just like the Winkleboss twins.
But I really did think this guy sees the future and it's important to him.
Not just that.
It's important to him.
It's important for him to represent it earlier on than when it happens.
And Silicon Valley, I'm telling you, when we were doing the pilot, everything, all of us were like, this is never going to get picked up.
There's not a fucking chance.
And people would say to me, oh, really?
Why?
Because nobody gives a shit about Silicon Valley.
There's a Hulu show called Beta, Betas or something.
That didn't work.
And I was like, it's not relevant.
Silicon Valley is not relevant.
And Mike Judge was like, no, this is like controlling America.
And people don't see it right now, but they will in a year or two.
And he hit it perfectly.
And it exploded.
And the even stranger thing.
was I had hit upon a type of, like an archetype of Silicon Valley, which was this guy who was
thought he belonged there, knew that he didn't, was like, I'm along for the ride, but also you can't
take this ride without me. I'm high all of the time because I can be. Confidence is the real currency
in Silicon Valley, which is true as well. And deepest down, I think the thing that it connected the most
with is I'm really insecure because I don't know really how I got here. I don't know if I fit in here.
I want to make a difference. Everyone around me is saying that I can help change the world,
break things fast, disruption keeps being said all that. Right. And I think that culture is starting
to catch up with what Bitcoin really is. So I know there's going to be another bear market.
I know that I'm going to go, why did I think it would never get lower than 100,000?
I'm a fool, right?
But I also know that we're getting closer and closer to just sort of saying like,
guy, you kind of said it better than I can.
It's here to stay.
And hopefully, every day people are less like, I got in too late and more like we have,
I have this great opportunity.
I just, my life's work with respect to BTC is sort of figuring out like, how do I make
this cool, how do I make people not think they were late to the party, right? And how do I
espouse and say, fuck getting rich, right? Even fuck blockchain or whatever. Get with the philosophy.
Understand the philosophy. Get behind the philosophy because it's meaningful. Dollars clearly
aren't. So if you're here to get rich, then I'm here to tell you there's something bigger than this.
more meaningful in this.
I like that.
And thank you for toning it down for a second, Miami.
Fucking goddamn.
I mean, Cuban sandwiches aren't even like, so yeah.
So that's, that's sort of my big, big, big idea of this is why I'm bullish, because I think it goes beyond cycles, beyond all that.
Yeah.
Now you guys, it's interesting.
Now, I can feel even after I just said that, now everyone is like, oh, shit, he's real.
This is real.
Yeah.
No, I love that.
That was great.
So a few things I want to tag on that you said there.
So just that last sentiment.
Well, actually, I'll take it back earlier.
You were talking about how you guys could see.
You can stop and go get a towel.
We'll stop for a second.
It's all good, man.
No judgment.
All the viewers, the back stage is a lot more fun.
The backstage is a lot more fun of whatever.
If you're watching.
Backstage is fun.
Backstage is fun.
They can hear you typing because it's so obnoxiously loud.
But if you could hear the words that were being typed, like we would be immediately banned
from YouTube.
But nonetheless, DJ, I want to touch on a couple of things.
You were talking about how like, okay, well, there's all types of people that are kind of
coming into this.
And they're almost like forced to.
They have to realize even the people that that hated.
it are being careful and they're starting to either be careful about it or capitulate.
And I'm kind of, again, some of the people that are coming into Bitcoin, I think to myself,
like, you know, I'm not a fan of this person or that person and the other thing.
But that's kind of the point of Bitcoin.
It's money for enemies.
And so I'm brought back to a, and I'm paraphrasing somebody that I consider to be a,
a mentor of myself that I, you know, I look up to him quite a bit. But Jeff Booth, he was in El Salvador,
and he was talking to people there that were very, very skeptical of kind of this embrace of Bitcoin.
And so he was asked, what's the worst thing about Bitcoin? And so his answer ended up being
something along the lines of the worst part about Bitcoin is that you have to be okay with the
fact that you're somebody that you completely disagree with that you that you that you that you may
hate them using it and them being able to use it makes it better and stronger for you and that's a
hard thing to grapple with when when when something that is doing well for you that can benefit you
a lot also benefit somebody that you really really disagree with that's a hard thing um yeah
Go ahead.
Well, that, I mean, that's kind of the Trump thing, I think, right now.
Is we're in a weird place where it's like, I mean, I don't, again, have a lot of politics.
But let's say you fucking hate that guy, but he's making it possible for disenfranchised people to, like, Kay keeps coming back to over and over again.
She keeps, looks great, Mike.
Keeps coming back to over and over again.
Look, if a woman in Saudi Arabia can concentrate her wealth into a key that she can take across the border and start a new life,
She was like, then we got to make a lot of ethical concessions.
I think that's a really interesting point for sure.
And I'll bring up a story.
I know I've been teasing them, but like the crew of Pubke said something really interesting
one, specifically Daniel, said, I prefer it when it's a bear market.
And this was right after the all-time high in the 70s.
And I was like, what are you talking about?
We did it.
We're right.
We were right.
And they're like, no, because now everyone hates us.
because it's easier for people to be like,
I told you,
you fucking idiot,
you were telling me to die Bitcoin.
Now look at you,
dip shit.
It's crashed down to fucking 20,
whatever.
And I had never thought about that.
That was almost a paradigm shift.
But I think it was really indicative of,
and specifically,
Daniel,
I had just this great way of putting it.
It's really indicative of like,
these people can hate on me,
but I love them and I want them to own Bitcoin.
I want them to be,
part of this, not on this ride, not getting, I just want them to know that I love them and that's
where I want them to have Bitcoin. And so there is a lot of, again, cognitive dissonance,
you know, with this will do something good for a person that I don't like, disagree with,
whatever. But if that is the crew, if that's who all of us are, and I know that we are,
because otherwise we wouldn't go so hard, you know, on all of this. If that's who we
are, then that's another reason to be bullish, because it means that the people behind the
dissemination of this idea, this thing, this new frontier, this new type of fire, financial fire,
is what I've been calling it, are pretty good people. I'll go ahead and say that all of us
care about this thing for more than just getting rich, you know? And that's the other thing
that I sometimes tell people, they're like, oh, well, you got rich.
Bitcoin is a lifestyle brand.
It's a community that you feel like you can disagree with.
And that's the base.
Now, Bitcoin is now this kind of cultural base that we can get together with.
I enjoy being with other Bitcoiners, right?
Like this is the baseball team.
This is the sports team we all kind of globally cheer for.
You can you with anybody.
And there's a great, there's a good conversation that you can completely disagree with them.
And I agree.
The Trump thing makes it interesting, right?
For better for worse.
Again, Trump called it.
It's true thing.
Trump called it a Ponzi scheme, right?
We spent eight months trying to sit there and orange pill the guy, right?
And I'll be blunt.
Did we do it because even if he lost, I wanted that whole base to then want to adopt Bitcoin,
the same way that Ron Paul, there we go, baby,
the same way that Ron Paul created a whole bunch of bitcoins that were upset,
he didn't win in 2012 and they were like, fuck the Fed, you know, like I believe in this.
If Trump lost, I want people like, yeah, you're right.
Kamal's going to, you know, destroy the dollar.
so you should buy some pepper food, ammo, and Bitcoin, right?
Like, there was that side of it.
You know, him winning, it's not like, let's go all Republican.
I'm like, I want to make sure big Democrats, and there's great Democrats that care about that.
On the other side won't say, Bitcoin's supposed to be for everyone.
It's not supposed to be a political thing.
It's not supposed to be all these things.
And like I said, Russia, the worst part, and I'm real bullish on Bitcoin, the truth is,
once the America gets like a...
Yeah, that's what's happening.
It's happening. It's happening.
Russia's pissed.
Look, I don't want to say who we were, but once we said to Trump, China has a lot of Bitcoin, he's like, I need to have lots of Bitcoin.
He's like, that's going to be the arms.
That's a great impression.
That was a great impression.
It was a shitty impression.
But that's what's going to happen because all of them are going to compete because they actually are in competition.
With Bitcoin is in reality, we'll sit back and watch that, you know, watch them compete.
But there is something nice that Bitcoin is.
now this social club, right? It's now this thing where you enjoy being around other Bitcoiners.
There's this something that's vested in kind of the experience. So that's why we're very happy,
TJ, you're one of our, even when you're in Miami.
No, I think, yeah, I think you're 100% right.
I'm just like Miami bringing up behind you.
I'm going to, I'm going to say this because then we got a, I know, guy, it seems like we're just, I apologize.
But somebody said, you know, Yellow said, donate three Bitcoin for the rest of the story.
A lot of people don't know this about me.
And this is when you find out how maximalist I am in part because my goddamn wife is forcing
you to.
I think the most interesting thing about Bitcoin is the philosophy, about the truth of it,
about the future of it, about what it means, about our moment in history to be a part of it.
And that's why it's like, I don't own it.
a lot of people find out when they find that out they can't believe it and they're like
why the fuck what's like because i'm not really interested in that i was in the emoji movie i have a
fair amount of terrible useless fiat but i love the moment when it hits 100k i'm invited to the new
year's eve party to irritate mike on a live stream okay i love that because everyone's like i mean
isn't this fucking great and i'm like yes it is i mean i don't i don't have 100 000 now because i have
have no Bitcoin at all. So it's it's a fascinating thing to me because what you're saying about
the social club is true, but it's the opposite of Groucho Marx. He says, I don't want to be a part
of any club that would have me as a member. And Bitcoin is the opposite. All right, Guy, I'm sorry.
I just, I'm jealous of your hat, so I have to wear this one. This is, this is my one go-to
when my hair looks like crap and it's the end of the day. I love it. I heard of it. I don't.
Fosue hats. Fuck you guys. Everybody's got hats. I'm not covering up this beautiful.
Of course.
Fire.
Glorious stack. I can't have that.
But my machine over here has been churning away all day, so it's hot is ass in my room.
And so I've, like, had the windows open, so now, now I'm cold.
But so the idea of, like, I'll mirror or a reinstate what the Pubkey guy said is
that bear markets are so much better.
And it's not even just because...
Dan is right on that.
It's not even just because, like, you know,
everybody hates you,
hates you during the bull market
or, like, thinks you're important or whatever.
It's that, you know, TJ, you talked about, like,
this is a philosophy.
Well, everybody in the bull market,
suddenly you're having to filter through 20 people
who don't know what the fuck they're talking about
and have no idea what the philosophy is
to find the one.
person who does after the big red candles come and punch everybody squarely in the nuts well then
all the people who were just here chasing green candles go away and everybody who has left understands
the philosophy they understand why you're here they understand and or they're very very interested in
learning because they realized that they were out of their depth and they were standing in the shallows
and they want to discover more they want to understand more so the very very
Bear markets are 100% where the culture is, like where the actual community is and where the actual building is.
Bull markets are fun because it's like, oh shit, we were right all of this time where it was painful.
But that's basically the limit of where it's fun.
Everything else about it pretty much sucks.
It's like the Chicago Bowl, Chicago Bears.
Chicago Bulls are winning.
Everyone loves them.
The Chicago Bears suck, but they have a great fan base.
They suck, right?
And that's what I'm saying.
Bitcoin is the sports team.
You want to, you know, it gets smaller when it's the bear market.
That's where the fun stuff happens.
And the problem is how can we get more bull market people like Scotty Pippen trying to sell a game five ball?
How do we get more of these bull market people?
Captain Dunk or Captain Dunk or Captain Dunk.
Like, you know, TJ, when are you and Scotty Pippen going to get together with the, you know?
I'm going to say it again.
It literally Michael Saylor brought it up.
but he really did he was kind of like
and then Scotty Pippen is trying to sell this ball
and tokenize it and then he said all the things that he said
but it's like it is weird I always think about this
why am I really the only person from Hollywood
that like is passionate about this understands it loves it
it's I don't necessarily know why that's the case
like truthfully so look Bitcoin gets really excited
once again we're excited that Scotty Pippen is pitching
the fact that maybe he held on to a ball
and is trying toconize it and tweets about like having dreams about Satoshi.
That's weird.
Any other industry, but that's dumb, right?
But we're like, Bitcoiners are stark for kind of a little bit of that mainstream attention.
But truthfully, you've been a contrarian.
And I can't stress this enough.
Silicon Valley spoke to a lot of us, right?
We saw a lot of characters that we saw.
And you were the person that, you know, your character.
And I understand totally different.
But you were the character that said things that every Bitcoin or wish they could say to the
tricks that they want. So, like, that's why we look at you going, wow, that's fun. That's interesting.
So for you to actually organically be interested in this is exciting to us. So the problem is maybe
we graft your personality in a show to that. But the truth was, we all wish we could say that to
the person and you did a great job. And by way, you're a great character. You filmed great. You should have
had, you know, a Golden Globe or whatever. But that's- I got a critics, I'll take it.
I, no, no, but I see what you're, I see what you mean.
I see what you're saying.
And I think there's, I don't know, I don't know really what to say about this or how to say it.
But I think there is people can tell when I talk.
There's an authenticity to what I'm talking about.
So I'm, I'm contrarian.
I'm controversial, whatever.
But when I talk and when I met you guys and guy, I don't think I can get into your room because there's so much marijuana smoke.
But I do think what I've loved about being in any Bitcoin communal space, right?
Whether it be whatever.
There's an authenticity and there's a real feeling that all of us are like, no, everyone else is laughing at us, you know?
And I wish that there is a way to tell people come into our world and you're going to get laughed at.
but we're right and we're not inviting you into this for any other reason except for we want you
to be a part of it and that again I'll keep bringing it back that again is why I am bullish because I think
if you the meme coin culture right now and I've got a AI project that I'm talking and these guys
they've got sound tech they're excited about it they understand what narrative I would want to do
and why I'm excited about the space all that and I kind of
of still, yeah, yeah. But see, is that good? Like, fucking. Hey, no, no, no. I did not. My uncle,
my uncle who has been giving me shit about this for more than a decade bought me that,
this Christmas. Oh, that's good. It was not me bragging. It's very cool. It's not me bragging.
It is my uncle being like, okay. You're right. All right guy. Hat tip to you, sir. You win this.
Again, again, within this, it's like, I am bullish because I think deep down, we do love that.
Like all of us are applauding that for sure.
It's nice to hear people be like, foot and mouth, whatever.
But I'm bullish because I think the broader swath or swath or however is of all of us,
our hearts are in the right place.
There's an authenticity to it.
And that's not going to backfire.
that's only going to grow the space.
And so I know, and you know, am I sitting here going a million dollar Bitcoin by 2031?
If I own some, then that would change my life.
Yeah, of course, everybody is.
But I think it doesn't matter.
Like there are people who say, I heard this recently.
It was.
It was again, Ed macro strategy soon to be.
It's like this is Bitcoin doesn't care.
It wants everybody to own it.
It wants everybody to be involved.
And I think the, you know, Mike, now you're on to the next venture, but it's everybody is doing their part.
If it's the magazine, if it's the YouTube channel, if it's the audio books, if it's the guy who no one understands why he's wearing this shirt or has been in Miami for 13 days, whatever it is, all of us, it's a communal effort.
and that's going to work.
And the only reason I know that it's going to work is because it has been.
Yeah.
TJ, I want to, from what you're talking about here,
there's a number of comments I want to highlight before we shift gears here.
So number one, I just wanted to say in and around,
you're talking about how, you know, the right people are here because otherwise they
wouldn't.
And Guy, you were talking about this too, how like enduring, like, the bear market is,
is where to be.
But like the bear market and the bull market both,
there's this dichotomy to them where no matter where you are in that cycle,
you're getting shit on by somebody.
Right.
And so when it's the bull market,
it is people being like,
it's a bubble,
you're an idiot.
It's also shit corners being like,
look, my coin's going up faster than yours.
You know, I just 20xed.
And Bitcoin is boomer.
And then on the downside of it, you get to be like, you know, like on the upside, you're like, yes, Bitcoin is much higher.
But, you know, the, the speculative kind of gamblers are like, yeah, but my thing went higher faster.
And then on the downside of it, you hear all of the people that completely dismiss Bitcoin saying, see, I told you was going to crash.
And, you know, but then at the same time, you get to, you get to be like.
Like, yeah, but also the shit coins that I pointed out have also crashed much harder.
But it's like it's kind of like you're always, you're catching it on either side of the
market from somebody.
And so you kind of have to, it's almost like you're always right, but you're also always
wrong in the eyes of somebody.
And so like, but over the long term, you're right and you're right.
in the short term, you're always wrong to someone.
And that's just like, it's kind of like a, a shitty thing to like.
You're just saying that your father-in-law is still saying something.
Like, I understand you're always wrong to someone, but it, but it's okay.
It's okay.
Yeah.
Yeah.
Yeah.
And I want to highlight, again, like to the bare market thing, Watson in the chat says,
2022 kicked my fucking ass, but I wouldn't trade it for anything.
And this is, these are the real Bitcoiners.
that they sit through that shit and they see FTX blow up and they're self-custodying or like,
or maybe not, but learned a lesson and still persevered through it.
And those are the real people.
Those are the people that are like, I get this.
I understand why it's important and I'm going to fucking stick this out no matter what.
Everybody assumed it will never dip below the previous all time high.
Well, that idea got fucking wrecked.
but the other side on the other side of it, the idea of we don't hit a new all-time high until
after the having, that idea also got wrecked.
So like Bitcoin is just great at disappointing whatever your expectation.
Yeah, I love that.
I love that.
Yeah.
I love it.
I love the idea that because, if you want to talk about it in those terms, because Bitcoin is saying, like,
follow me now.
Say, I'd be rocking.
So if you can't do the volatility, then jump off, jump ship.
right if you really think that anyone can promise anything that is true and hardline well then
you'd be a multi multi-millionaire right now yeah but instead again it's like this is a philosophy
sotoshi made this thing it's going to be tested over and over again i got a buddy who's a i mean
not buddy we have two twins we're friends with the winkle boss twins and there's twins in michigan we call
the michigan twins and they're eth maxis and they're both eth heads and they both retired and one of them
is like building his own coins but they got on an eth one of them when i'm
it was like $0, right?
And it's a big part of why we took a position in Ethereum because of other things too.
But they right now are kind of like, I mean, I'm calling them after this because they're kind
of like, what the fuck happened?
We were tested by Solana and maybe, I'm not going to go into that because this is the Bitcoin
session, right?
But Bitcoin is going to be tested over and over again.
And you really have to believe and ride the volatility in the wave and deal with the people, the haters, the doubters, the skeptics, everything.
You have to do that.
And if you're willing to do that, then you'll reap the rewards.
But to me, the interesting rewards are like internal.
Obviously, I don't have any Bitcoin.
But the real, it's internal that you're saying, I am going to have my father-in-law say, you're, I mean, now I'm in Florida.
I almost said the R word.
Oh, no.
But you're going to have your father-in-law kind of be like you're a dumb fuck, right?
You can say recorded.
It's fine.
And then when he gives, I got to go, guys.
Thank you so much.
This has been tough enough.
No, it, but then when he gives you the glass that says you should have listened to me or whatever,
you still have to go.
I feel like in eight months, in eight months you might kind of laugh behind my back at Thanksgiving
because everything crashed again.
But, and I actually, I don't even use the.
word diamond hands. I love Hodler for sure, but I just think it's less about like flexing to other
people and more about being like, I know I'm right and I want you to be right. Yeah.
Um, say, um, that you can cash out on. And that's what I think. It's not about diamond hands,
whatever. It's like, you believe this. Right. And like, you know, everyone says you're in a cult.
I'm like, yeah, but I can cash out anytime, right? Usually, course, don't let you leave. So this is the one
where I'm like, I'm in this and I can cash out at any time, but I believe it.
Right.
It's not about diamond hands.
You're right.
It's not about eight months.
They're wanting to look at you and say,
I like that.
You're wrong.
You're wrong.
Right.
Like, cool, it's a cult.
You're right.
And I can cash out.
But right now I'm still holding.
You know, I think about it, especially when I frame it to other people.
Like, because like that's been like a thing.
It's like, oh, well, you went up a lot.
Aren't you, aren't you going to sell?
And my question is always sell it for what?
Yeah.
Like, I bought it because of.
like, you know, describe the characteristics of Bitcoin as an asset.
Now describe any other asset that I could hold in its place.
Like, sell it for what?
Bitcoin is my cash out.
Bitcoin is my way to get out of that.
And in the context of like the people it rewards and why it changes the mindset
and also kind of going all the way back to a thread related to the idea of it going mainstream,
is that volatility breeds.
conviction. Volatility. That's a great. All right. I'm writing that down. I'm going to start
saying that that was my idea to say. And it rewards people who think long term. Everybody who has
no idea why the hell they're here and everybody who is worried about the fact that it crashed from
$104,000, which is a fucking nothing move or they're worried about what it's going to be next week.
We'll get their asses handed to them over.
over and over again until they have conviction and until they're thinking about it long term.
And what ends up happening and what I think quote unquote mainstream will look like won't be
that like everybody loves Bitcoin or everybody gives a shit about economics.
Like that's not that's not Bitcoin going mainstream because that's when something's normalized,
nobody ever thinks about it like that.
Literally when something's normalized, people don't think about it at all.
When we shifted from a gold to a Fiat standard, you could see it because it happened kind of during our generations.
You could see your grandmother and your grandfather in the fact that they saved and that they thought about things long term.
They had a house that actually stood on its foundation.
And then everybody else was zero percent down, credit cards, like fast money.
It was like it completely changed the mentality of what you were supposed to do.
Nobody today has any savings.
The idea of savings is ridiculous.
It's like why would savings?
No, I have a mortgage.
I have a mortgage and I get equity in my home.
It fundamentally changes how people think about value and decisions in their life.
When Bitcoin goes mainstream, it will be when the average person thinks, well, I shouldn't do this
because this is going to dip too much in my savings.
I shouldn't do this because in three or four years there's going to be a better
opportunity. Obviously, I need to have savings. Obviously, I need to be thinking long term about where my
finances are going, about my career, about what this is actually valuable, like what the value of
this thing actually is to me, as opposed to the fact that, oh, it's just a, it's just a higher number
over here in this company than it is in this company. Like, that's what I think mainstream, quote unquote,
Bitcoin is, is it realigns people thinking about the fact that Bitcoin is not the thing that
valuable. It's about doing something. It's about having the opportunity to think about your life in a
sober position. Like with actual economic signal that tells you what's worth actually involving
yourself in and what you should avoid. And we have an economy right now where every price is a
poisonous lie about what's worth it. And we just buy it lifestyle, right? So worse and worse.
You think of crashing.
You made money.
You thought about value in time differently.
And I feel like you're better off for doing it.
Right?
And I feel like that's what you're trying to say.
It reframes your whole brain, you know, to what you're looking at value.
And that's kind of this little life hack that comes along with it.
And I totally agree with you.
And I appreciate it.
Can I see something just about, because I just saw a moment with all four of us.
And I see it all the time.
Okay.
with big pointers there was a moment that as guy was talking everybody kind of was like including you guy
was kind of like i'll do it with this right and what and so what that is is it's this really funny
moment that all of us have and i try to talk to sailor about the state it's a really funny moment
where everyone's like how are we going to do this because it's such it's and and what i think people
should remind themselves is if you have this
once in a lifetime wheel fire level thing that you understand,
but it's also your responsibility to kind of disseminate.
I'm gonna keep using that word over and over again,
because I just found out what it meant.
It's like,
the word of the day.
It's, it's impossible.
It's nearly impossible.
And so, and I think that that's another reason it's so interesting to me, for sure.
But you are fighting the,
good fight and yeah to ask people to change their paradigm of what value is is really really difficult
you know it would kind of be like saying i don't know morality isn't real or something like that
which is not true at all um but you know you're asking people to really change and reframe the
way they think about stuff so i think that's a really good point but i think there's never
going to be a point maybe this has already been said there's never going to be a point where
people go you are right and mean it and there's never going to be a price point where people say oh
okay big it's just that's not how it's going to happen i think the moment i really believe this
it's not when one coin is worth five million dollars it's when five million wow watch this
man how much how long have i been in miami ready for this it's not it's not when one coin is
worth five million dollars it's when five million people realize you can buy one dollar worth of
bitcoin and you should because the dollar doesn't mean shit there you go that's a mic
draw the comments don't know why tj you don't have bitcoin so we need to figure out is it because
you're looking like i think you've confused a lot of people
Do we need to like work on a corporate sponsorship to get you to buy Bitcoin?
Because we can figure that out.
He doesn't have Bitcoin because he can't take a second to think because those fuckers in the background won't shut up.
Yes.
So much.
I can't hear myself think about buying.
So we can.
So once again, I just want to point that out because I've heard of Ethereum bags.
I was like, we could work on a corporate sponsorship that we can get you, you know, some Bitcoin.
I understand the purity, the monkness,
and understanding not having Bitcoin
and appreciating our culture and defending it.
I appreciate that.
But, you know, the chat, once again,
the chat now has no idea.
Their heads have exploded to think that you would not have Bitcoin.
Guys, I, can anyone lend me some money?
I need, I'm in a bad place sexually, not financially.
But sexually, I'm not in a great place.
My wife is a Bitcoin maximalist and has, well,
a thousand coins and I just she won't let me in the front door she changed the code I thought it was a
keyed entry so I was trying to maybe I broke the coded and but that's she doesn't have sex leave heads
so you just locked out locked out if you only shot okay Scott Ellis yeah please loan it oh okay
here's the other thing I forgot to mention this because I think this is interesting too it's like
one inflection point that we're reaching which will be really interesting on a macro level
is the idea that you can loan against,
you can borrow against your Bitcoin.
Which is what micro strategy is going to do.
That's their whole business plan.
And thank goodness, because I think there is a component of this,
which is to help people understand how valuable Bitcoin is
and you shouldn't, we have to show it as an asset you can borrow against.
So that's yet another reason to be bullish.
I don't know when that's going to happen.
Mike and Guy and you guys are smarter than I am as to what,
micro sorry what strategies long-term strategy is but I think that's another thing where it's like if I
if I can go and legitimately say to my business management I don't want to sell Bitcoin and they're
like okay then do you want to borrow you have a credit you have a line of credit against your
traditional equity portfolio do you want to do that and I'm able to say we could do that or
we could do it against my Bitcoin holdings, which is zero.
What, you know, that those are possibilities.
I think then that section of sort of traditional finance is kind of going like, okay,
yeah, I guess this is more real than I even understood.
And yet another reason to be bullish.
All the markets, they're all going into this.
Like, here's the difference.
We can talk about whether we like President Trump or not, but the fact is because now,
we talk about being bullish.
Regulations for the U.S. government are now, they're now not going to be as fucking Gensler sucked, right?
We all know that, but they didn't know what they were doing.
They're trying to actually be more clear about that.
More companies are moving in.
You're going to see the crypto companies moving back into the U.S.
Right.
Banks, the fact that they lifted the ability for banks to accept crypto is massive.
Yeah, that's massive.
All that sad one.
America.
The same people that pick this out of all of our bank accounts for buying, you know,
on some of their exchange, the fact that they're going to allow them to now start pushing
makes, this is where the innovation is going to happen.
This is when they're all going to start trying to provide crypto services.
And the truth, unfortunately, they're going to start buying up all these crypto companies
because they're just going to, you know, put those in their portfolio.
But that's the part you should really be bullish.
And was really not just about Bitcoin Street Reserve was lifting all the laws against banks
from actually adopting Bitcoin, right?
Adopting crypto and Bitcoin,
but that's really what works.
That's what we should be excited about.
And I had no idea what I'm even talking about
because I'm like, you know, way too many.
No, no, no.
I was just going to say, I agree with all that.
And I feel like I was going to make a joke
and be like, let's go around and say one reason we're bearish
or whatever.
But there doesn't let that be the work of the people
that are naysayers, you know.
Let the work of what we're doing.
say to people like and and I will just to make this point somebody Robert said
Heath is dying on its own and it's like okay great well then talk there's plenty of
reasons why we can say that and I don't think but I think it's scary that
Heath might be another all coin type of deal but it's not it's an ecosystem we don't
but what I do like is Kay said we can stop talking about Bitcoin and start talking about
Satoshi's 99% of the people in the world cannot it cannot not afford Bitcoin they
can't be a whole coiner okay
But they can afford sats.
And then backstage, I forget his name because.
The one person I talk to is yellow.
So yellow, just so you know, T.J.
If you don't know yellow,
yellow saying, don't stop believing for a thousand,
I mean, how many straight days?
A thousand straight days.
Like yellow is 1,100.
All time.
And he needs you to say, shut up yellow.
It's pretty legend.
Yellow is extremely important to our community.
So I just want to point out, he's in the chat.
You can't talk about Kay, who has good point.
Oh, my bad.
You're right.
you're right because he's fair right no it's like you know that's my lord's safe i'm going to say wait
put it back up i was going to say yeah okay can i here you go uh keep talking yellow you're a smart
marionette did i do it right i love that's pretty quick guys pretty quick so you know you'd say
i was backstage at btc in nashville and there's this political guy and i don't think it was
cool the politication of Bitcoin. I don't think that's helped it be cooler. But I talked to this guy. He's
super rich. He's an entrepreneur. I forget what he did or who he was. And I said to him, I said,
I was talking about everything we're talking about. I say, you know, I tell people stack stats,
you know, and you want to just work towards getting a whole coin. That's, that's, if you can be a
whole coiner, that's something to go for. Doesn't mean that it, it's, it doesn't matter if you get there,
but that's what we should all be doing is building to have one coin i don't have any bitcoin but we're
trying we're you should and this fucking guy i swear to you this fucking guy goes one coin that's all they're
going to get and i was like what and he goes i mean who who wants like one coin like i have like
a lot of coins i've got and i just realized i was like you're in it for the wrong reason you're in the
place you're talking you're talking to the you're not talking to the right you're the wrong person
to be talking to the right people who worked so hard to pay money that they wish was in bitcoin
to get to btc nashville right to hear you speak and so i think that kay is right yellow is
needs to just open up talk and remember that he's a brilliant marionette but it is it's like we
should be talking about Satoshi's more than Bitcoin in some ways.
I actually, I did a, I'm not that you had one for the chip doing the chip diamond sweater.
That was really funny.
Yeah.
Shout out to Gertr, on chat on that one.
It's really funny.
I, uh, I actually did a, a video.
I'm trying to remember.
I think it was last cycle like 2021, but I did, I did a video and like I've focused on Bitcoin since probably 2018, I think,
specifically. But I did a video in the Bull Run of 2021, and the video was, this is the next Bitcoin.
And it was all about talking about like how this amazing new coin, like it's super cheap.
You can get like, like you could get however many thousand of them for a dollar. And it had this
additional layer where it was like super fast and basically instantaneous and nearly free to send it.
and all this shit.
And it was literally just me pitching sats to people.
But it was a 45 minute video on how amazing stats out.
And how they're going to replace Bitcoin.
And I didn't like let the gag up through the whole thing.
And a bunch of people like no shit actually thought this was like the replacement for Bitcoin.
So like that's that's kind of.
Those YouTube comments are really fun of it.
Yeah.
Oh yeah.
Yeah.
All kinds.
Like I pissed off, I pissed off like pretty much everybody that got it.
And then I also brought in the people that were just completely blind to anything.
And they're like, this sounds compelling.
I think I will buy this instead of Bitcoin.
It's great.
And I was like, listen, all you need is a wallet that accepts Sats.
You can literally buy Bitcoin or if you already have Bitcoin and you want to convert it to Sats, you just send it to the wallet.
it that accepts sats and it converts like that for you you don't even need to do anything like it's
like i had this whole conversion those of them just have it in the settings you could just right in the
settings and it's an atomic swap yeah you have sats immediate it's incredible like the technology
behind this is amazing but like it just very canadian of you yeah that's very canadian yeah i think
so again to to the point of i think why people get stuck on on on
on Bitcoin versus other things is there's this belief that tech needs to move fast and break
things.
But when you're talking about a monetary base, the reason that it was broken in the first
place is because you could move fast and break things.
The whole reason that the gold standard failed is because they could fucking rug pull it
and change the rules from out from under us.
And so when people point to Bitcoin and they're like, oh, it's, it's boomer tech because it's
slow and you can't do these things.
You can't change it.
You can't.
That's the point because we want it so difficult to change the foundational rules of the
entire network.
And when you have something that can change in a fucking dime when it comes to monetary policy,
you've just thrown out the entire reason Bitcoin was created in the first place.
And I think that's the hard part to get across because people think tech should be fast and change quick, quick, quick.
It's such a common category error.
Like they just do not understand what layer it's at.
They think it's the same as the other, the app that they just downloaded, that, you know, TikTok is better than Instagram.
Everybody's moving over to TikTok.
and they don't realize that Bitcoin is far, far closer.
In fact, arguably could even be lower on the layer stack than the English language in TCPIP.
Like, you're talking about like a foundational piece of how you achieve like consensus in a network,
which is literally the problem of sustaining a society.
Like that is the layer of where this innovation exists.
So when they're thinking that it's going to be like, oh, the better app or it's going to be the thing that's like fast,
it's like, no, bitch, we're talking about how do you make something where everybody who viciously disagrees with everybody,
that everyone else that they can actually use the exact same fucking thing and neither one of them has the upper hand.
That's the level of technology that we are talking about.
And it has fundamentally changed that, going all the way back to your point about Jeff Booth,
which I love that because it's kind of a mirror image of something that was talked about.
in a debate way back in like 2012 or 2013 that I watched was that they asked like what the what was
the worst thing about like he just talked about like Bitcoin's great you does this does this does this
and somebody asked what the worst thing about Bitcoin was and they said which was kind of the mirror
image of what Jeff Booth Jeff Booth kind of put it in a personal context with I really love
was they said it's that every one of those benefits that I just told you about the person you
hate most in the world can get them too and there's nothing you can do about it. And then in the
context of like Jeff Booth's like kind of personal position, it's that when the person you hate most
in the world gets those benefits, it actually helps you. It's actually better for you to, for them to be
there, for you to actually cooperate. And like when you have no understanding, we have no, our education
system is a fucking joke when it comes to like teaching people how society works and like why it
emerges and like what an emergent technology is. And I mean this in the context of like how we
organize like moral values, ethical, um, like protocols for how you's like, hey, how are you doing.
How like like how you literally interact with people, the language that we speak and how it actually
evolves naturally over time. Like we're talking about like foundational things that,
that dictate where and how a society can move. Um, and that's the layer that we're talking about.
And when somebody says, it's like, oh, I got a faster app.
I'm like, oh, my God, dude.
Like, you've so missed, so deeply misunderstood.
But it's so hard to get anybody to understand that, like, they need to drop.
Like, as soon as you're thinking about stocks and finance and stuff, you've missed the point of why Bitcoin is fundamental.
And I love this comment from Owl because he outlines it great.
Again, if the average person and, and again, again, being in.
In Canada, this is particularly, like in 2022, the Trugger protest, this is half my friends, right?
So the quote from Owl, thank you for this.
If the average person can't understand the value of free speech for enemies, it's hard to understand money for enemies.
And this is exactly what played out here.
It's like, you know, whatever side you were on in regards to the trucker protest here and like your thoughts on.
the lockdowns and all of that,
if you couldn't,
if you couldn't just agree that people should be able to voice their opinion
without having their bank account shut down,
then,
and you couldn't zoom out and see that the same powers
could be focused upon you
with an opposing government to your particular cause,
then you need to really reevaluate how you're thinking about the world.
Because like these,
again,
to Jeff Booth's point, the whole point of all of this is to make systems that are resilient
enough that when somebody that you hate wants to say or do something, that you can't immediately
shut them down at the flick of a switch just because you have power.
Yeah, it's an opportunity for all.
And I am probably to bring up something that Maxis don't love.
I am a, I'm a comedian and entertainer.
So I am interested in ordnals, right?
But ordnals is an example of a way that there is more to do with the Bitcoin Nowr.
Right.
And you can do it without like, I don't know what the word would be, but just without compromising the integrity.
And my favorite thing right now, and I'm not saying, oh, I'm pitching ordnals, whatever.
That's not the point of this.
The point is that I'm really interested in this one.
analogy that I came up with, which is really fun. So you, I had a dollar bill once. And it was a $1 bill.
And somebody on the side that says one had put a B in the front of it. And then an R on the other side.
So this dollar, this $1 bill on the back of it said boner. Okay. Now, that is very funny to me.
And the funniest thing about it is, you can still spend that dollar.
It's just been inscribed, right?
So, again, I'm not pushing ordnals.
I'm just saying you can have this thing that has this solid integrity that is even layer zero from money, internet protocol, all of it, right?
But you can still do things with it.
And so, but I would take everyone saying, fuck that, I'm a purist, forget it.
I would take all of that to just retain what Bitcoin is.
is instead of people building stuff on ETH that then take the shine away from it and everybody
moves on and whatever.
So I think Bitcoin has a soundness in a way that both is revolutionary once in a human history
kind of level.
But also it can't, it's not boomer tech.
There's more to do with it.
So that's because I like that you kept saying that phrase.
And it's like, it's true.
People try and write it off.
They're going to try and write it off.
every which way they can.
Because they were late on it.
The problem is they're writing it off because they're embarrassed
and they're late on it.
But they're not late on it.
You'll know it goes.
You know that, but they think it's now $100,000.
They think they're late.
Yeah, that's true.
That's why they think XRP.
They're like, I got it at $2.50.
It's so smart.
Like, you know, and it's hard to, and that's why, you know,
unfortunately, a $20 million, what, BTC session,
which took too long to explain.
in the sat joke he had, but like, you know, the sad joke being smarter if it's a lower value.
But like, the truth is they think they're late because it's 100K and we keep trying to explain
you're not even late.
Yeah.
Well, and it's something that Mike from Miami said, um, that I think, uh, like getting into
like the idea of mainstream again and like when it goes mainstream, it'll be that, um, oh shit,
I totally lost my train thought.
Wait, hold that thought.
No, I'm going to pull this one back.
I'm going to pull this one back.
Oh, no, no, I got it.
I got it.
I got it.
I got it.
I got it.
It's nobody will ever, because you talked about, like, people, like, when they will
admit that they're wrong or, like, they won't admit that they were wrong.
It won't be when people are like, oh, they admit that they were wrong.
It's when it's become so normalized that they forgot that they were wrong.
they will just kind of whitewash their memory.
Did they ever hated Bitcoin or said you were stupid or anything?
And it would just be like, well, duh.
I mean, duh, I don't know.
It's just part of the internet.
It's in all my apps.
So it's like whatever.
And it won't.
I don't know.
I don't feel like we've ever seen that in any very recent history of things that have maybe happened.
I feel like we've never seen that before, especially not in the,
past five years. Anyways, we are going to go to a quick break. Guy, you are next. You're going to
drop your reason for being bullish. I'm really enjoying this conversation. It's been blast.
Guy, I've got a request to ask of you because my bladder is going to explode. I'm going to hit
this break as soon as we come back. I will not be here because I will still be evacuating
said bladder. I just want you to launch into your reason for being bullish as soon as we get
back. All right. I'm here. I am here for that. All right. Cool. We will be back in one minute.
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I made it.
All right.
Welcome back, guys, to Why Are We Bullish?
I am your host, Guy Swan.
I love this.
Frequent and most loved guest.
And we are getting into my reason for being bullish today.
I hope you guys are ready for this.
Yeah, so my reason for being bullish is I'm about to have a daughter.
And, you know, I've been on a Bitcoin standard for, I mean, like,
I should, you know, like the quote unquote due date is the 14th.
So like we're literally any day now.
Well, congratulations, dude.
Thank you.
And this will be the second one.
Rad,
rad will get a little sister.
Also,
the fact that your son is named Rad is so rad.
And you're dadical.
You're dadical.
Oh, yeah.
Datical all the way.
Dadical all the way.
And I,
you know,
I've been on a Bitcoin standard for,
I don't know,
three or four years.
in the sense that I just try to avoid Viat anywhere I can, right?
Like it's touched as little as possible for my day to day.
But Bitcoin has, I mean, changed my life in a lot of different ways,
but the fact that we have this and that it has given me the opportunity to be here
at home to actually be a permanent and constant.
part of my sons and soon my daughters and probably another two kids lives.
It's something, you know, when I looked forward in my 20s or whatever, like I hoped that,
you know, I would be successful or something. And I didn't know quite what that looked like,
what that meant, you know, you know, I always said, oh, I want to be rich or I want to do this or
whatever. And now all I can think about is how amazing it is to just be able to be home with my
family to like not have to outsource looking after teaching my kids, you know. And it has totally
changed my perspective on a lot of things. And it's funny like I like looking back, I did get
so many of the things that like exactly the things that I talked about or that I've wanted, but I got
them in a completely different way and they mean a completely different thing to me today
than I ever suspected they would way back then.
And that makes me bullish.
And then just from the pure technical side, because I'm a nerd and I want to say something
about that is Bitcoin and Lightning have been like, I'm bullish on the internet.
I'm bullish on the internet because one of the most important things that the internet has
always missed was a native monetary protocol the ability to embed payments in communications and
directly send value from person to person and everything that i have been digging into with
noster the things that we have been building with pair drive and with like pub key and all this stuff
like i do i think people have i think people forget that bitcoin's ultimate
purpose is actually a re-revolution in how the internet architecture works and that we're going to
see the internet change as much as everything else or possibly even more and like we are like right at
the beginning of that shit um and so that's that's that my those are my two reasons for being bullish
stop letting master here's the truth is your daughters can get born right and the cool thing is you're
early on bitcoin we all know bitcoin's actually going to work out and here's the
biggest cheat code to any new parent, right? I got an 11 year old and a nine year old. They actually
think I'm cool because Bitcoin's cool. I had to go to bring your kids to work day to talk about
like, you know, something I get to talk about Bitcoin. But the truth is, because Bitcoin works out,
you know, you get to be dad that knew that early. All my kids' friends for all their christening,
you know, we go to very proper, we're Italian-American, so we go to very proper Catholic schools.
Like for all their communions, you give a little bit of Bitcoin, right? And they just know from like
four years ago, like, Mr. Tramato, my Bitcoin.
is doing well.
Oh, my God, there we go, right?
It's like an old cheat coach.
Once again, if it goes to zero, you're fucked.
Everyone thinks you're a loser anyway.
It doesn't matter.
But when it does what we know it's going to do, it's like, Mr.
Jimano, you know, he knew this was going to take off, right?
And so all the kids, you know, the best Bitcoin tweet I ever had was my son at, like
his fourth grade graduation said, and everyone said they want to be.
They go, I want to be a policeman.
I want to be an athlete.
And my son goes, I want to have a Bitcoin mining facility.
And the entire school laps at him, right?
by the way, they sent, every mining company sent thousands of dollars.
No shit.
That was your, that was your son?
That was my son, right?
Right.
So like, and I didn't know he was going to say that.
Like, you know, I'm like, once again, I'll, you know, I love media.
I'll prep a lot of things.
I did not know he's going to say that.
And what it really came down to was it's actually an exciting thing for your kids to be like,
this is cool because guess what?
It's going to work out, right?
Like, we know what Bitcoin's going to do.
And they're like, dad had his conviction.
He thought this was going to be big.
you know, like he put time into it.
Like I brought my kids to the Bitcoin conference, right?
And now the best thing for me, and if I'm bullish on this, is because they go,
Dad believed in that.
That was the value in believing of something and actually working hard for it.
And that truthfully is a benefit that's not just about the dollar go up.
I know you have kids, BT Sessioner.
You have kids, right?
And, you know, and this is kind of an additional lifestyle value of Bitcoin,
but it's about telling our kids, this is why.
should believe in something, put your time into it, and what the payoff could be, because,
you know, they're going to have their own thing in life. And that's kind of a value. And I say
that because my kids are now wondering why dad's live streaming until 8 p.m. And they're eating
dinner while they're watching it in our living. This was really just an excuse for me to say hi to all
them. So it's one point that out. Well, tell them, tell your kids, I'll send them all like
cold card cues or something if they keep on watching. They have to like the episode and subscribe and
all that shit.
share it on Instagram
you put it in your TikTok
you put it in your TikTok
you're on your TikTok
I love your reason
because
again
it gets at the root
of the downstream effects
of what Fiat has done
to everyone
and that is that
the idea of
having
the idea of having
even a single breadwinner
in a family home
is basically completely out the fucking window for pretty much everyone.
Like the vastness.
Everything doesn't fall in your money.
Except for me.
Except for me.
Your wife's got all the Bitcoin.
You're screwed.
You're screwed.
I am fucked.
But like, again, like, it's, it's.
I'm sitting on too much dog without it.
It's just, again, you, we've gone to a place where we've, we've normalized.
And it's great that anybody should be able to have the career trajectory that they want,
but it's a crime that it requires both parents to be working full time in order to support a family.
And let alone, like, we've kind of already surpassed the point where two parents must be working full time to support.
It's, you have a couple that is living.
And it's like if I'm if I'm not in a relationship, I require roommates to survive.
And then if I happen to find somebody that I want to share my life with, I must then, you know, we got to get, we have to live together.
But then it's like, how the hell are we ever going to afford to have a kid?
Like I can barely put food on the table and cover rent.
Why would we have kids?
Like it's just irresponsible.
We're literally, like, Fiat is causing us to live out the movie idiocracy.
Because the responsible people are like, well, there's no way I could afford this.
Of course I'm not going to have children.
And then the people that are like not looking at finances whatsoever, they're pumping out kids,
but it's like they're born into like literally a thankless, like, what the hell are you going to do?
you're never going to own a home, like all that kind of stuff.
And so what we're starting to see in the Bitcoin space is like this push towards,
hey, like we can maybe do families again.
Maybe we'll have more kids.
Like when I look at other Bitcoiners that I know, there's a number of them that
actually have way more kids than I've seen from most of my other friends.
And they're actually, they're doing all right.
And that's because, like, if you can spend less than you earn and provide value to others and you can save in a money that nobody else can print, it's a bit of a cheat code for life because that's kind of how it should be.
Nobody should be able to just print away the value you've provided to society.
And so I think this is bullish as hell.
And in the same vein as, like, you just being excited that your family is growing.
Like, again, Mike, you know, you had your family down.
down at the having party in El Salvador, which was awesome.
And it was cool to hang out there.
And like, I've got a daughter.
She's turned an eight this summer.
And she, we, in Calgary here, we do, we do an event called the sat market, which is like
a local circular economy.
So you can, like, I've been living on Bitcoin exclusively since 2020.
Like, I earn, like, 95% of my income is Bitcoin.
And then, and then I string it together.
and make it work.
Like, there's some hoops to jump through,
but, like, I'd rather do that than, like, ideological.
Dude, it's getting so much easier.
Yeah, it's unbelievable.
Like, just from last year, like, the, the,
integrate, like, the number of, I'm just having, like,
everything's, like, shrinking down.
It's getting so much fucking easier.
It's great.
Yeah.
It's amazing.
It's amazing.
And that's also a fold.
Fold was about to go public soon.
Like, congratulations.
Yeah, I'm wearing the hat.
There you go.
Good job.
fault but it's it's so i i think what we're doing what what's happening right now with the this again like
and i'm tying it into the fact that like fam being able to do this is easier but you just have to
you you need to be able to zoom out so like you need to provide enough value where you have the capacity
to save and then you need to save in money that nobody can print but the the point that i was kind
of getting at in being able to live on Bitcoin and you know whereas tying in my daughter to this
equation is she's been present now in and around the Bitcoin realm for some time to the point where
she she understands like oh this is a thing and like it's real and and and she's starting to
ask questions about money and she's learning and you know she's she's in grade too so she's
kind of figuring out things but she's um a large part of it is
the friendliness that Lena Seish and the little hodler that like there you go
Mike's probably gone yeah there we go there's a couple in the I didn't even see them there
there we go but like Lena is is making it this is the Amsterdam hot smoker one there's
only 10 these that exist obviously so that's not for the kids but yeah it's great I'll send that
you guy because that's what you know i love it i want i need it right now
in my life but like again like my daughter because every time i go to an event i'll grab her like
a little hoddler and so she's got like a whole family of them and so she's kind of just she's just
seen it in the background not like pushed upon her but it's been a positive thing in our lives
and she's never existed in a world where bitcoin didn't exist which is again
like constantly is a mind fuck like bitcoin has been around since 2009 that's a long time and so like
anybody who's you know before you know like pre 16 they've always lived in a world where bitcoin existed
and that's crazy we're almost to the point where where being like of age to be able to go to the
bar and like having all the responsibilities of adulthood all of those people have always existed
in a world where bitcoin also existed they do not know of a world without bitcoin it's that weird thing
that their parents talk about yeah and that's why i really love spetsky's like three generations
theory is that it's when you have a shift when you have a technological shift that's like that deep
in the mindset that it literally occurs at a generational level and so like it won't be
done with quote unquote bitcoin for three generations yeah and and this is where i'm seeing the
overlap because i was talking to my dad the other night and he was like like he he's he's always
been very averse to anything technological like he doesn't he he just got a cell phone
like really yeah like that's epic late that's yeah it's legend and so like but there's there's
this weird kind of like it makes sense that the internet and computers for somebody that grew up
through their entire adult life where those things didn't exist and then got into it in like later
life is like oh this is foreign to me and then we're at a weird point where like millennials
grew up with all the new shit was happening but it sucked so you had to learn to troubleshoot
and so we're at this point where it's like we're
learned not only how the new shit works but also how to fix it when it breaks but then you get all
the gen z's that it's like it just kind of always worked i had an ipad and i just tapped on the app
and it worked but if it goes wrong i have no idea what's going on and and so i think we're at this
inflection point when it comes to the money because the money was the last piece of the puzzle in
the digital realm the digital sovereignty realm and my daughter
is at the point where she's she has a Bitcoin wallet and she like we had a yard sale this past summer and she's moving out of the Barbie phase so she sold a bunch of Barbies and everything.
And then she we said, okay, like we'll take the cash. We'll swap her for Bitcoin. Half of it you're going to keep in cash and then you can just whatever. You go shop and do whatever. And then the other half you're going to keep in a Bitcoin wallet. And then that was last summer. And then we, you know,
blew past 100K, and then we get on the other side of, you know, 2025.
And she's like, oh, awesome.
And we had a sat market here, which is our local circular economy in Calgary.
And she shows up to this market here.
And we have like 40 or 50 local vendors of all this different cool stuff that we do here.
And she's going around and she just has, like, she doesn't have a phone.
she has an iPad.
And so she's going up and all of these vendors are, they're very curious about Bitcoin,
but they're also just kind of learning.
And my seven-year-old daughter is rocking up to all these booths.
And she's like, I want to buy this thing.
And she whips out the iPad on the local Wi-Fi.
And she's like, I'm ready.
And the vendor's still figuring out how to pull up the fucking QR code.
And they're like, who is this seven-year-old who is like just,
destroying me in technological knowledge here at at like a bitcoin market and so she just
lightning invoice hit the lightning one yeah she's like now click on the lightning bowl that's the
thing and like she just destroyed it and everybody's like what in the fuck is going on and so like
this was like the biggest swell of dad pride in and around like this is the next generation of
BitConners that I was like, this is where it is.
And also, I think, you know, like we're, we're on the cusp of the millennials understood
the troubleshooting of like just the general kind of computer in that age.
And then the Gen Z is like, well, everything works.
So if it breaks, I need a specialist to fix it.
But our kids right now are on the cusp of the everything digital money is new.
and we're going to learn how to fix it if it breaks.
And so our kids are the ones that are going to benefit
through their entire lives to coach the next generation
that doesn't know how to fix it when it breaks.
And I think that's super fucking cool.
I think that my daughter and my son and all of our kids,
if they want to be, can be the ones for the next generation
that grows up where mostly everything works,
they can be the ones to fix it,
that when it goes wrong.
So anyways.
Or just a quick life dad hack.
When you get too drunk and forget to put the dollars
underneath your kid's pillow for a tooth fairy.
What?
Yeah, I did.
I sent Bitcoin to my daughter.
There's no tooth fairy?
TJ just discovered this.
Yeah.
The real goal is that Michael Saylor is going to find a way
to turn Bitcoin tooth fairy money
and he's going to get three.
But I recently forgot to give some,
my daughter, head or tooth fairy,
and I just sent Bitcoin to her Bitcoin wallet and her lightning wallet.
I was like, oh, you know,
and she just in her head was like, yeah, of course.
Like, that makes a lot more sense.
What our family is.
He's very busy, you know, he's got great one time.
My Bitcoin wall lightning payment.
I'm like, oh my God.
I didn't know if I was the best dad or the worst dad.
I was like, holy shit.
So like, I don't want to point out,
quick cheat code, give your kid.
when you kid has a Bitcoin wall because they have it on their iPad,
they don't need to have the internet access every, you know,
and they have their little little Mun wallet or whoever's sponsoring BTC sessions,
whatever sponsor you.
But the truth is you can send them their little like.
Mike, they very clearly have Aqua Wallet, obviously.
AQUAL wallet, ACAWallet.
No, I think you very, in a very cool.
I just have VanMount.
Yeah.
You delete that meta-mask shit, man.
Come on.
I think, Mike, you just accidentally stumbled and then, like,
face-planted into being a good dad through that.
I think that's what happened.
It's great.
I think, you know, one last least for me, like, you know,
another reason to be bullish is because there's more talk this cycle about
generational wealth than I've heard. So that's new. And the only way you can have that discussion
arise is if this has all been going on long enough that you can think in terms of generational
wealth. And so that's the other thing. So I also am kind of, I look at things like that and I'm like,
you know, those aren't hard numbers. Those are just, and this is my job also. What I do for a
living is kind of look at everything and say, well, this city is like this. You know, Miami.
is addictive and Los Angeles is burned down, but Philadelphia is gritty, Hollywood and Los Angeles
is grimy, New York is, you know, whatever. And I think that when I look at the idea of talking
about generational wealth, that is indicative of this has been going on long enough and it's real,
you know, in the sense that we know that it's going to continue, then people start to go,
But not only you not to sell your Bitcoin, you should keep it because you're going to give it to your kids.
And then they're going to have that and they're going to make the decision.
And philanthropy will be this new thing, you know, in our children's generation of saying, I'm going to give, you know, one one hundredth of a Bitcoin to this foundation.
And then they're going to retain that and decide.
And I really, this is a new thing for me.
but I just believe that eventually part of the philosophy is going to be like you don't spend Bitcoin,
you don't gift Bitcoin unless it's a life-changing event.
That's going to do something.
And that's what I've heard, Guy, from you about your family sessions.
You've said something similar.
Sadfairi, you're a liar.
You're not been.
You lie to children.
You lie to adults.
You just, you know, this is Eric.
You're 20.
What's the joke?
28th presidential candidate.
But for me, like, I think that's really important.
And I'm trying, I don't know if it's going to work,
but I'm trying to kind of wrap that up into my pitch so that people go,
wow, it's less about miss.
It's like, this is really special.
Like if I own some of this, then clearly T.J. thinks it's special enough that he won't
spend it unless.
And I think that's a cooler message than I'm diamond hands motherfucker.
I'm richer than everybody in this fucking room.
So we're going to have to keep kind of playing with that and toying with it.
But one thing that came to mind a little while ago, Guy, when you were talking, was like,
there is something funny about we can all, and I'm going to credit Eduline again on this,
like we can all sort of feel this way.
I'm going to approach it this way.
I'm going to tell people in this capacity that it doesn't matter.
Bitcoin's going to keep going up.
It keeps moving.
new people we're not going the opposite direction of adoption that's not happening so as we do these
podcasts have these conversations till four in the morning you know meet somebody that you didn't even
know was a bit coiner and then end up like spending the next two days talking about the shit
as we're all doing that bitcoin continues to do what it's it is doing and i think that's really
special too that's really fucking cool actually yeah i like that
Um, gentlemen, I'm conscious of time.
We've gone.
Questions.
Possibly long.
Uh, I love it, though.
I love everybody in the fucking, I mean, the private chat is, we'll never get, nothing will
ever get better than that.
Yeah.
But I'm loving, I loving everybody in the Ron Pee, world of Rusty needs to quit using not
enough emojis.
Nate that I love.
I do.
Yellow, just keep talking.
Keep playing the good fight.
Anybody who talked about your son playing Roblox is maybe truly a tooth fairy.
And yeah, talk stats, not bits.
And yeah, I just, I loved being on here.
Thank you guys so much.
Oh, this is, this has been great.
I'm glad we got some real personal stuff out this time.
And the next time we're in public and a lot of people are watching,
we should go much deeper and like really hit some like core insecurities.
And like really like childhood.
some good childhood, like embarrassment shit.
Like, it was really, let's just dig into it.
All right.
So when Justin, there's a guy in my class, Justin Green, he said he had had sex before anybody else.
And this is in sixth grade.
He's this incredible dude.
And I really always wanted to do sex.
You're the coolest shit in the world.
And it was, and I said to him, what does sex feel like?
What does it feel like?
You know, and he told me, if you cut a hole on a tomato.
Okay? And you put your penis in there. That's exactly what sex feels like. So I waited into my parents went to sleep. Okay. And I got a tomato out of the crisper. And I'm, we're not British, but that's what we called it. I got a tomato out of the crisper. And I cut a hole in it. And it's okay, guy. And Sad Ferry, I trust you now. And sessions, I'm not going to tell people about your hair, but they already know.
Yeah, they know.
And I cut a hole in the tomato and I put my penis in the tomato and I got to tell you guys immediately, I was like, I should have let this warm up doing this right out of the fridge.
It feels like necrophilia.
And it wasn't a big deal.
It was still a bad experience.
And one of the seeds got in my urethra and then a tomato vine grew out of my penis and we had fresh marinera and for that entire week.
but I don't know.
I mean...
That's great.
I mean...
Thank you.
Thank you for sharing that.
Thank you for sharing that with us.
Literally, I like that he dipped.
He literally fucking just left the stream.
I mean, this is good at time.
And I'm out.
That's perfect.
So anyways, if you guys learn,
if you take one piece of good information from this episode,
it's don't have any of course.
horse with a tomato, especially a cold tomato, because you could get urethra vines.
But the important thing here is, and I really do, I see if you know he did dip.
It is rough stuff, though.
We are getting to mainstream.
Like, I know it sounds very silly, and I kind of joke, but I'm like, I'm laughing because
I'm like, Guy Swan, who, everyone listening here, I'm like, guy, how many articles have you
read to Bitcoiners?
How many years have you been doing this?
Fuck.
Seven.
Forever.
Right.
So like there's so many people, right?
And what makes it interesting is the next, and I mean this in a nice way,
the next group of Bitcoiners that come in, how they get adopted, right?
It's not going to be technical people, right?
Anyone who's tech has already come in.
No one's like new to tech saying, I've just found out about Bitcoin, right?
So now you're going to have a whole different class.
The same way that, all kidding aside,
computer nerds we learned how to code to talk to each other and then someone built
Facebook and then all the cool kids found a way to communicate with each other and there was
no one who's in social network knew how to code they were just like I can post pictures and
stuff that's what's going to happen to Bitcoin right so we will have some tomato
fucking conversations but but the truth is the next generation the next class of Bitcoiners
coming in are here for a different social benefit right so it's interesting that
That kind of keeps opening more and more.
It's going to make it more fun.
It's going to make more interesting.
But, you know.
You know what, Mike?
I think that the conversation tomato fucking ratio continues to grow as mainstream adopt.
Like, that's an indicator of mainstream adoption.
Yes.
Yes.
That is right.
Right.
Trying to fornicate with a fruit like American pie or some type of food.
That ratio of people involved willing to have that conversation, yes, absolutely.
The relevant bandwidth of fruits and vegetables as sexual tools.
I think this exact conversation that we just had is how we know we've made it.
I'm pretty sure this is mainstream adoption.
So there you go.
There you have it.
First up in the chat, if you were here, you just witnessed it.
T.J. Miller having sex with a cold tomato is mainstream adoption.
You're welcome.
congratulations we made it so with that um we're gonna be the boy we're else you know
spaghetti meatballs so yeah that's it uh uh mike guy and tj i it would be funny if he's still
just like watching this in the background i hope he is but uh again gentlemen i'm having
just around the corner in about a month and a half i'm i'm going to new york and i'm going to new york
and I'm going to Pubkey
and I'm turning 40
oh yeah
and if
oh that's right
I got an invite for that
I don't know if
we're gonna have like a baby baby
yeah you're gonna have a baby baby
and that's understandable
but if I'm actually going to try
I will we talk
and it might be a
up and back that night
yeah yeah
well if you're able to make it
I would love it
again tj if you're watching swing by would it would be happy to have you uh and if you're
yeah if you're in the new york area uh just reach out let me know um you know we'd love we'd love
to have you out and uh i'm get i'm you know what you know what i'm doing spoiler alert
i'm getting mrs sessions to dye this shit white for the occasion i'm that's very 40 of you
i know it's so 40 uh but uh but yeah i'm
I'm, yeah, I'm looking for it.
I don't really...
We're going to celebrate a great Bitcoiner.
You're going to have a great time.
It's going to be fun.
I'm just like, I don't do a shit for my birthday.
Like, I haven't done shit for my birthday since I turned like, well, in U.S.
It's 21, but 18 is kind of the big deal here.
It's like, oh, you can drink.
And then 21 here is kind of like a nothing birthday because we, like, you've sort of celebrated,
but not really.
but then then it's just like your 20s and then like 30 maybe you're like I guess I'm old or whatever
so yeah it's you're invited to my 40th you're both invited to my 40th tj can't come
jr jr jr cannot come we got two years i think i don't know how old i am well it's just an
excuse for you to have a party and do whatever you want and make your friends come that's all
the 40th is just like a bachelor party or
or whatever. So Florida gives you a reason to do something you want to do. And we're very happy
now that I'm at PubQ three days are in. But we're very happy to host and to celebrate and
we'll show. And as an Italian American in New York, I'll make sure you have a good time. I'll make sure
it goes well. I'll make sure everything goes well. So Mike, I think we need to normalize
like notable Bikorner's having their birthdays at Pubkey. It might be something we're working on.
I just want to point it out. I feel like that's the thing.
But like, like, yeah, I, again, I'm throwing this out here on the live stream, but, uh, yeah, come over to Pubkey.
I'm, we're doing it on the, uh, Saturday, March 29th.
So, uh, if you happen to be in New York in and around that time, make your way down.
Perfect.
Uh, we'll maybe like drop a few more hints about what's going on, but, uh, is that your actual birthday day?
No, it's the 27th.
It's the Thursday.
I'm flying, I'm actually at mining disrupt in Fort Lauderdale and I'm flying on my actual birthday from Fort Lauderdale to New York.
Yeah, yeah.
Well, we'll make sure to show you the day in a plane.
Yeah.
It's not too long.
And for Bikinters that want to celebrate their birthday, we will create a special tradition.
We will have the, we will figure out something for you that then fellow Bik pointers when they want to celebrate their Bitcoin can have a good time.
I love it. I love it. Thanks.
I'll take you. I'll buy, I'll take your big, your premier package.
Guy, you get whatever you want, man.
You're you're you you you you told me all about Bitcoin so you get a free pass.
So we actually just we just have Bitcoin audible in the bathroom.
So instead of like elevator music, we just have you leaning to people like this is Guy Swan.
You're now going to the bathroom.
Here's Bitcoin.
Don't have sex with a tomato.
That's constantly what's playing the puppy bathroom.
So you get you get whatever you want.
A measure of sacrifice by.
I love it.
All right.
Jen, we're going to round out here.
Mike, Guy, and the dearly departed, T.J. Miller.
Thank you all for being here.
I appreciate it.
What a great conversation.
I've really, really enjoyed this.
This is a lot of fun.
So thank you guys for being a part of it.
And yeah, we'll just tap out here.
Mike, I'll see it, Puppy and March.
Guy, bullish as hell on the next edition to the Bitcoiner fan.
family as a whole.
And yeah, you guys have a great Friday evening.
Have a great weekend.
And for everybody watching, keep stacking stats, keep stacking skills.
I'm Ben with the BTC sessions.
This was your daily session.
