BTC Sessions - $1.5 Million BTC is Happening Sooner Than You Think! | Guy Swann, TJ Miller, Mike Germano

Episode Date: February 8, 2025

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Transcript
Discussion (0)
Starting point is 00:00:01 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.
Starting point is 00:00:24 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.
Starting point is 00:00:58 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
Starting point is 00:01:41 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
Starting point is 00:02:44 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
Starting point is 00:03:30 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
Starting point is 00:04:02 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
Starting point is 00:04:18 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.
Starting point is 00:05:06 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.
Starting point is 00:05:27 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.
Starting point is 00:06:06 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.
Starting point is 00:06:25 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.
Starting point is 00:06:49 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.
Starting point is 00:07:20 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
Starting point is 00:07:54 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,
Starting point is 00:08:28 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,
Starting point is 00:09:08 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
Starting point is 00:09:32 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
Starting point is 00:09:47 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.
Starting point is 00:10:18 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.
Starting point is 00:10:48 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.
Starting point is 00:11:09 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.
Starting point is 00:11:26 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.
Starting point is 00:11:48 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.
Starting point is 00:12:35 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
Starting point is 00:13:55 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
Starting point is 00:14:40 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.
Starting point is 00:15:18 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.
Starting point is 00:15:59 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
Starting point is 00:16:25 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.
Starting point is 00:16:48 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,
Starting point is 00:17:10 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.
Starting point is 00:17:45 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,
Starting point is 00:18:25 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.
Starting point is 00:19:18 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
Starting point is 00:20:15 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
Starting point is 00:21:54 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
Starting point is 00:22:50 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.
Starting point is 00:23:36 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.
Starting point is 00:24:02 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.
Starting point is 00:24:36 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.
Starting point is 00:25:14 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
Starting point is 00:25:59 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,
Starting point is 00:26:23 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.
Starting point is 00:26:51 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.
Starting point is 00:27:32 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.
Starting point is 00:27:52 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.
Starting point is 00:28:27 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.
Starting point is 00:28:52 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.
Starting point is 00:29:13 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
Starting point is 00:29:57 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.
Starting point is 00:30:20 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,
Starting point is 00:30:33 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,
Starting point is 00:31:04 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,
Starting point is 00:31:21 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?
Starting point is 00:31:36 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.
Starting point is 00:31:58 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.
Starting point is 00:32:10 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,
Starting point is 00:32:29 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
Starting point is 00:33:02 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,
Starting point is 00:33:22 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.
Starting point is 00:34:03 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?
Starting point is 00:34:22 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
Starting point is 00:34:33 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
Starting point is 00:34:44 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
Starting point is 00:34:55 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
Starting point is 00:35:16 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.
Starting point is 00:35:51 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.
Starting point is 00:36:14 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.
Starting point is 00:36:29 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?
Starting point is 00:36:47 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
Starting point is 00:37:06 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.
Starting point is 00:37:44 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.
Starting point is 00:38:04 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.
Starting point is 00:38:28 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.
Starting point is 00:38:48 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
Starting point is 00:39:43 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.
Starting point is 00:40:11 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,
Starting point is 00:40:58 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.
Starting point is 00:41:27 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.
Starting point is 00:42:11 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.
Starting point is 00:42:34 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.
Starting point is 00:42:52 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
Starting point is 00:43:16 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
Starting point is 00:43:32 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.
Starting point is 00:43:50 Okay, jens, we will be back in one minute. Quick shout to our sponsors. Also, everybody who has a lightning wallet handy, we're going to give away some stats really quick when we get back. So we'll see you guys in just a sec. Bitcoin Well is the best place to be buying and selling Bitcoin in Canada and the US. And now with Bitcoin Well, Infinite, it's also the best place to be making large buys at their OTC desk
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Starting point is 00:46:05 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.
Starting point is 00:46:29 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.
Starting point is 00:46:56 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...
Starting point is 00:47:19 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.
Starting point is 00:47:47 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.
Starting point is 00:48:09 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.
Starting point is 00:48:27 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.
Starting point is 00:48:40 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.
Starting point is 00:48:57 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.
Starting point is 00:49:20 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,
Starting point is 00:49:42 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.
Starting point is 00:50:07 You got to get a good. him your government job. Oh, yeah. Awesome. Jason, thank you for popping in. Yeah, man,
Starting point is 00:50:17 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,
Starting point is 00:50:30 bullish on, on, DCA, DCA as much of that as you can. Yeah. Jason, Jason, what are you best at?
Starting point is 00:50:37 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?
Starting point is 00:50:57 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?
Starting point is 00:51:13 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.
Starting point is 00:51:38 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.
Starting point is 00:52:04 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,
Starting point is 00:52:38 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
Starting point is 00:53:30 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.
Starting point is 00:53:56 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,
Starting point is 00:54:55 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,
Starting point is 00:55:43 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?
Starting point is 00:56:30 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.
Starting point is 00:56:46 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.
Starting point is 00:57:16 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.
Starting point is 00:57:40 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
Starting point is 00:58:13 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?
Starting point is 00:58:58 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.
Starting point is 00:59:43 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.
Starting point is 01:00:18 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.
Starting point is 01:00:32 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.
Starting point is 01:00:55 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.
Starting point is 01:01:15 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.
Starting point is 01:01:49 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
Starting point is 01:02:43 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.
Starting point is 01:03:19 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?
Starting point is 01:03:49 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.
Starting point is 01:04:02 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,
Starting point is 01:04:15 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,
Starting point is 01:04:36 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.
Starting point is 01:05:24 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.
Starting point is 01:05:43 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?
Starting point is 01:06:00 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?
Starting point is 01:06:25 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...
Starting point is 01:06:51 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.
Starting point is 01:07:10 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.
Starting point is 01:07:47 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.
Starting point is 01:08:22 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.
Starting point is 01:09:11 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.
Starting point is 01:09:40 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.
Starting point is 01:10:06 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
Starting point is 01:10:30 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.
Starting point is 01:11:12 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.
Starting point is 01:11:27 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
Starting point is 01:11:54 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
Starting point is 01:12:19 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?
Starting point is 01:12:40 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
Starting point is 01:13:12 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.
Starting point is 01:13:38 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
Starting point is 01:14:31 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.
Starting point is 01:15:20 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.
Starting point is 01:15:49 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.
Starting point is 01:16:12 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,
Starting point is 01:16:54 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.
Starting point is 01:17:19 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.
Starting point is 01:17:36 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
Starting point is 01:18:25 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.
Starting point is 01:18:49 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.
Starting point is 01:19:18 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.
Starting point is 01:19:46 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
Starting point is 01:20:06 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
Starting point is 01:20:46 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.
Starting point is 01:21:15 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.
Starting point is 01:21:36 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
Starting point is 01:22:05 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.
Starting point is 01:22:33 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.
Starting point is 01:22:40 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.
Starting point is 01:22:55 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,
Starting point is 01:23:24 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
Starting point is 01:24:08 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.
Starting point is 01:24:48 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
Starting point is 01:25:16 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
Starting point is 01:25:58 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?
Starting point is 01:26:28 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.
Starting point is 01:26:49 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,
Starting point is 01:27:34 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
Starting point is 01:28:01 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
Starting point is 01:28:58 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.
Starting point is 01:29:36 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.
Starting point is 01:29:58 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,
Starting point is 01:30:21 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.
Starting point is 01:30:57 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
Starting point is 01:31:26 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.
Starting point is 01:32:06 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.
Starting point is 01:32:31 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
Starting point is 01:32:54 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,
Starting point is 01:33:17 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
Starting point is 01:33:34 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
Starting point is 01:34:02 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,
Starting point is 01:34:23 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.
Starting point is 01:34:37 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
Starting point is 01:35:11 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
Starting point is 01:36:02 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.
Starting point is 01:36:47 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.
Starting point is 01:37:21 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.
Starting point is 01:37:57 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.
Starting point is 01:38:15 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
Starting point is 01:38:49 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.
Starting point is 01:39:36 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.
Starting point is 01:40:06 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,
Starting point is 01:40:50 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.
Starting point is 01:41:29 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
Starting point is 01:42:12 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.
Starting point is 01:42:56 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.
Starting point is 01:43:35 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,
Starting point is 01:44:05 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
Starting point is 01:44:35 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.
Starting point is 01:45:12 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?
Starting point is 01:45:55 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
Starting point is 01:46:37 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.
Starting point is 01:46:55 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.
Starting point is 01:47:10 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
Starting point is 01:47:30 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.
Starting point is 01:47:58 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.
Starting point is 01:48:17 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.
Starting point is 01:48:34 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
Starting point is 01:49:16 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. Looking for a simple and secure way to manage your Bitcoin on mobile, Aqua Wallet has you covered. It's user-friendly and puts you in full control of your Bitcoin with secure self-custody. Aqua also supports Lightning and Liquid Network, making fast, cheap Bitcoin payments and asset transfers easier than ever. Plus, it even supports stable coins giving you ultimate flexibility. Build on open source code, Aqua's transparent, trustworthy, and perfect for beginner and pros alike. Ready to upgrade your Bitcoin experience?
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Starting point is 01:51:15 or for convenience when traveling. You can head to coinkite.com and use code BTC sessions for discount, or simply scan the QR code on the screen to get started right away. I made it. All right. Welcome back, guys, to Why Are We Bullish? I am your host, Guy Swan. I love this.
Starting point is 01:51:36 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.
Starting point is 01:52:02 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.
Starting point is 01:52:14 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.
Starting point is 01:52:24 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,
Starting point is 01:53:17 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.
Starting point is 01:54:06 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
Starting point is 01:55:00 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,
Starting point is 01:55:42 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.
Starting point is 01:55:59 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.
Starting point is 01:56:19 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.
Starting point is 01:56:35 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.
Starting point is 01:56:51 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?
Starting point is 01:57:14 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
Starting point is 01:57:49 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
Starting point is 01:58:01 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
Starting point is 01:58:17 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.
Starting point is 01:58:34 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.
Starting point is 01:59:07 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.
Starting point is 01:59:44 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.
Starting point is 02:00:26 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.
Starting point is 02:01:10 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.
Starting point is 02:01:35 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,
Starting point is 02:01:57 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.
Starting point is 02:02:05 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
Starting point is 02:02:32 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
Starting point is 02:03:19 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
Starting point is 02:04:15 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
Starting point is 02:05:07 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
Starting point is 02:06:00 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.
Starting point is 02:07:05 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.
Starting point is 02:07:38 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
Starting point is 02:08:12 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.
Starting point is 02:08:58 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,
Starting point is 02:09:25 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.
Starting point is 02:09:42 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,
Starting point is 02:10:02 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.
Starting point is 02:10:18 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,
Starting point is 02:10:35 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.
Starting point is 02:10:57 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
Starting point is 02:11:28 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,
Starting point is 02:12:18 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.
Starting point is 02:12:58 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.
Starting point is 02:13:15 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
Starting point is 02:13:39 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.
Starting point is 02:14:07 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
Starting point is 02:14:44 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.
Starting point is 02:14:58 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.
Starting point is 02:15:22 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.
Starting point is 02:15:46 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?
Starting point is 02:16:07 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.
Starting point is 02:16:58 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.
Starting point is 02:17:18 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.
Starting point is 02:17:38 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?
Starting point is 02:18:06 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?
Starting point is 02:18:26 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
Starting point is 02:18:52 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.
Starting point is 02:19:19 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.
Starting point is 02:19:41 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
Starting point is 02:20:13 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
Starting point is 02:20:42 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
Starting point is 02:20:55 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
Starting point is 02:21:27 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.
Starting point is 02:21:48 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
Starting point is 02:22:27 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.
Starting point is 02:23:07 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.
Starting point is 02:23:40 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.
Starting point is 02:24:07 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.
Starting point is 02:24:27 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.
Starting point is 02:24:45 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.
Starting point is 02:25:08 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.

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