BTC Sessions - BREAKING: Billionaire Predicts 1200% Bitcoin Rally By 2029 (PREPARE NOW!)

Episode Date: March 13, 2025

BREAKING: A billionaire predicts a massive 1200% Bitcoin rally by 2029, signaling a huge opportunity for investors. Prepare now as this bold forecast could change the future of crypto!🔥 Don’t miss this action-packed episode! Subscribe, hit the bell, and join us LIVE to stay ahead of Bitcoin’s biggest moves! 🚀—------------------------------BOOK private one-on-one sessions with BITCOIN MENTOR! Learn self custody, hardware, multisig, lightning, privacy, running a node, and plenty more - all from a team of top notch educators that I've personally vetted.https://bitcoinmentor.io/—------------------------------FOLLOW Simply Bitcoin & BTC Sessions on other channels:Simply Bitcoin on Youtube: youtube.com/@simplybitcoinSimply Bitcoin on X: x.com/simplybitcointv Nico on X: x.com/bitvoltBTC Sessions on X: x.com/BTCsessions—------------------------------SHOW SPONSORS:BITCOIN WELL BUY BITCOINhttps://bitcoinwell.com/btcsessionsMINING DISRUPT CONFERENCEhttps://www.eventbrite.com/e/mining-disrupt-conference-2025-fort-lauderdale-florida-tickets-980017277057?discount=BTCSESSIONSCOINKITE/COLDCARD (5% discount):https://store.coinkite.com/promo/BTCSessions AQUA WALLEThttps://aquawallet.io/NUNCHUK HONEYBADGER INHERITANCEhttps://nunchuk.io/individualsHODLHODL NO KYC P2P EXCHANGEhttps://hodlhodl.com/join/BTCSESSIONDEBIFI LOANShttps://debifi.com/#bitcoin #crypto #btc #money

This week, Michael Saylor made a massive 2029 prediction about Bitcoin that suggests he knows something that we might not know. In the 11 years that I've been in Bitcoin, I've never seen an environment quite like this. But that's not the only shockingly bullish news that's come out of the elites in Washington this week, which surprised me. This other huge news that we're going to touch on momentarily with Nico also coincidentally references. that year of 2029. And I know what you're thinking, yes, that is a year following having. Yes, that is a year following a presidential election. But that's not necessarily what makes 2029 so special. So today we're not only going to be running through Michael Saylor's newest Bitcoin prediction, but also breaking down the four-year plan that was brought back to life literally

this week pushing America to buy 200,000 coins per year. Whether you've been in Bitcoin for 10,000, days or 10 years, you're going to want to stick around to hear what Nico and myself have to cover today. I am Ben with the BTC sessions. This is your Simply session. Yo, buddy, how you doing? Yo! Dude, super pumped to be Simply sessions and covering the news in Bitcoin land. It's never a dull week. I always feel like in the beginning of the week we're going to have nothing to talk about, but there's always something to talk about. So, I mean, pretty big news coming out of D.C. And I think here's a signal.

It's this very, very short little, you know, I mean, you know what it is? If you guys have ever heard of a Freudian slip, this was one million percent of Freudian slip from Sailor. The confidence and conviction when he says this. Let's check it out. It is the most powerful force in the world right now. It's growing nearly 60.

percent. It's become the eighth largest asset in the world is about to become the largest asset in the world in the next 48 months. So if you just heard that correctly, right, and in case you guys didn't hear it, Michael Saylor at the Bitcoin Policy Summit in Washington, D.C., in front of some of the most powerful influential politicians in the world, just told them with complete seriousness that Bitcoin, was going to essentially more than 10x in the next 48 months, which is four years. And the reason he's saying that is that he believes is going to overtake the market cap of gold. Market cap of gold is currently at $19.6 trillion.

And that would make Bitcoin roughly worth between $900,000 and a million dollars. Absolutely bonkers. At that same summit, the Bitcoin Senator, Senator Cynthia Lummis, reintroduced the Bitcoin Act. Here's a clip of just that. I'm so pleased to announce that today I will be reintroducing the Bitcoin Act. And I'll be joined here shortly by Senator Justice of West Virginia, who is one of the co-sponsors. And we have several other additional co-sponsors.

and a lot of it is a result of the excitement that's been building, both of them. I'm so pleased to announce. So, I mean, absolutely crazy, right? And again, it's all about political momentum. It's all about the fact that this strategic Bitcoin Reserve was essentially signed by executive order last Friday. Establishment of the Strategic Bitcoin Reserve and United States Digital Assets stockpile. That was signed by executive order on March 6th, so last Friday. And of course, you have the Bitcoin senator a week later basically announcing that they're bringing back the Bitcoin Act.

The Bitcoin Act essentially would allow the United States government to acquire up to one million Bitcoin with the goal of paying off the national debt. Currently, the U.S. owns, or better said, has taken away from people and is holding it. 200,000 Bitcoin. And President Trump, essentially with the executive order, said, listen, we're hodeling this. We're turning into strategic Bitcoin Reserve. And we're going to try to acquire Bitcoin in a budget-neutral way. But if the Bitcoin Act gets passed in the Senate, it actually opens the door for the federal government to use tax money to start acquiring Bitcoin. Now, what's really interesting, and Ben was saying this earlier on, is how the momentum has shifted, right? So U.S. Congress, this is a report written by River Financial,

it says U.S. Congress is pro-bitcoin, gaining 15 seats in the 2024 election. And you could see in 2024, there was 57 senators that were pro-bitcoin, and in 2025, there's 59 senators that are pro-Bitcoin. Now, what's really interesting, right, is in the House, clearly there's an obvious majority, right? 289 representatives in the House are pro-Bitcoin. That is easily, this act should easily pass the House. Now, in the Senate, it's a totally different story. And the reason for that is, in order for a bill to be filibuster proof, you need at least 60 votes. There's one vote away, right? And I'll read some of the context. After the November 2024 election, the majority of both the House and Senate are now pro-Bitcoin, based on public.

statements and political activity, as defined by the advocacy group stand with crypto. In January 2025, Senate panel on digital assets was established with two focus areas. Number one, pass legislation for responsible innovation and consumer protection, covering market structure, stable coins, and strategic Bitcoin Reserve. Number two, regulatory oversight to prevent overreach such as Operation Choke Point 2.0. And the next thing I'll say is, actually, Ben, do you have any comments before I jump into this thread by Jesse Myers explaining what was Michael Saylor's logic reaching to those crazy, crazy high price predictions? Yeah, I mean, just from a 10,000 foot view, it's pretty astounding. The complete 180 that has happened just inside of a year, year and a half.

Like, if you recall last year around this time, this was around the time that we were seeing, like, the samurai case and, like, these crackdowns and everything. And it was, like, hard than they fight you. And I'm not saying that that has necessarily passed. There's definitely still elements of that throughout society and different governments around the world. But, like, the fact that this is the current discussion that's happening, it's, like, will or won't they in and around a strategic reserve. And, you know, you have people like Michael Saylor, very matter-of-factly, nailing down like a specific time frame in which Bitcoin becomes the largest asset on the planet, which perfectly aligns with this bill to get, you know, to accumulate Bitcoin. It's, again, I just stepped back and I started the show by saying this. But like, in all my years in Bitcoin, I've never seen.

a sentiment and an environment like this. And it was such a quick whipsaw from what felt pretty ominous last year. A hundred percent. And it's crazy. I 100 percent agree with you. Like the political winds are moving. It's almost as if it would have turned out better for them if they did nothing. I feel like because they took like a proactive stance, which is not the role of government, right? They took a proactive stance to try to stop the industry. Like, I feel like it, it essentially incentivize our industry to fight back. And what I've been saying, you know, these last couple months is if you're not in the room, you're not in the deal. And now we're in the deal, right? Now we're in the room. And, you know, there's a,

there's a, there's a influential Bitcoin lobbying group in Washington, D.C. And we got exactly what we wanted. We wanted the repeal of Sab 121. We got the, uh, we got Ross Fried and number three we got a strategic Bitcoin reserve and separate siloed, you know, shit coin, they don't even call it a reserve. Yeah, let me pull this up. Yeah, exactly. Stockpile, right? And take a look at this message from the White House, which is crazy.

America will be the Bitcoin. It doesn't say crypto. The Bitcoin superpower of the world, the golden age of a. America has begun. I mean, say whatever you want about the orange man, but he came through, bro. That's, that's what I got to say. So anyways, this breakdown essentially what the thought process is behind Sailor throwing all these crazy numbers out, right? So first up, 13 million per Bitcoin in 20 years. That's what Michael Saylor expects, thread breaking down what he sees and how he got to this point. So first off, Sailor's analysis allows for a bearish scenario of

only 3 million per BTC, but also a bullish scenario of as much as 49 million per BTC in just 20 years. How did he get these numbers? And it breaks it down. And it's really interesting. This is the same conference or forum that this clip is from, right? It's the same one. And here's he's telling all these politicians and senators like, look, if the United States doesn't want to buy Bitcoin, it's going to have fun staying poor. And then he puts up his predictions, right?

13 million is the base case. 3 million is the bear case. Bull case is $49 million per coin. As a starting point, Saylor leveraged my analysis. $900 trillion of value in the world, rationale that all $900 trillion is within scope as SOV, full potential valuation framework for forecasting Bitcoin, right? And here is the window that he pulled up, right?

Bitcoin is $2 trillion or just 0.22% of global assets, right? So if you can see it, if you visualize it, you can tell, right, that it has a ways to go. And what essentially he was saying in the beginning was that he believes it's going to catch up to gold first. And again, if it catches up to gold, that's like a 10x from here or a little bit less than that, but roughly a 10x. because Bitcoin's market caps currently sitting at like 1.61. It's roughly like a 10 or 11x. 10 or 11x would put us at like, you know, 800 to 900 to a million dollars per coin, right?

Anyways, these assumptions and the associated math resulted in Sailor's conclusion. Bitcoin will grow to 280 trillion or 13 million BTC in just 20 years. Sailor input his own assumptions to full potential valuation. So he breaks it down here. macro 21 year forecast market cap market cap and he just kind of breaks it down and here is the i'll leave it at this this is the what it would look like visually and it doesn't sound too crazy when you hear 280 trillion you're like nico is bitcoin going to be like the biggest asset in a way

it's going to be a big asset but it's definitely not going to be the biggest right so art you know it's still pretty big gold is still pretty big equities is bigger so stocks real estate is enormous bonds is enormous money and bitcoin has its own position with 280 trillion of the world's wealth that doesn't sound unreasonable whatsoever especially after you get stuff like this when you get stuff like this what sailor is saying is not that unreasonable when you have united states senators you know talking about the u.s government buying up to one million bitcoin it doesn't sound unreasonable at all so i mean Really, really exciting stuff, man. And, you know, I agree with Saylor.

I think Bitcoin's going to grow exponentially. It is the best asset the world has ever seen. Ben. Yeah. I mean, so the striking thing about that little breakdown with real estate in there is the real estate itself. Because how much of real estate, and there's no way to really truly know this,

but how much of real estate is people parking their money somewhere because the money doesn't work? as opposed to the actual utility value of the real estate. Yeah, to a degree, there's always going to be speculation of like the hottest real estate on the planet. But like, to the extremes that we've seen it, absolutely not. Like to the extremes that you see places like in Canada and Vancouver, just like homes sitting empty with nobody even living in them because people are parking or capital there, knowing that the homes are going to double in the next year or something.

Like, there's so much of that. And when that is no longer needed because you can just own Bitcoin, which is already the case, but people don't understand that yet, then it makes sense that Bitcoin would look something like that. And in my opinion, continue to grow from there. Because, again, a lot of people put money in things for no other reason than to preserve their purchasing power. But when there's one thing that does that exceedingly well, people won't want to speculate as much on other things.

100%. I 100% agree with you, man. And yeah, again, just to add to your point, right? Like, the world has been turned upside down by Fiat. You're forced to invest just to maintain your purchasing power. And essentially people are like, which is completely absurd, instead of housing having its utility value, it's seen as an investment, which is crazy, right? You have to pay for maintenance. You have to pay for property tax, right? A lot of people are going to wake up and say, you know what? I'd rather just own Bitcoin instead, right? So anyways, Ben, I believe you have some special words. We'll do a little hop.

Do you want to give a little tease? You got anything in the chamber that you're maybe going to touch on after a quick break here? Absolutely. So I'm going to recap the rest of the Bitcoin Policy Institute. Frank Corva, Bitcoin Magazine, wrote an excellent article doing just that. And I'm going to play you guys a clip of essentially President Trump from the White House Crypto Summit talking about how the Treasury and Commerce departments will also explore new pathways to accumulate additional Bitcoin. So the U.S. government wants to buy Bitcoin, regardless of whether the Bitcoin Act is going to

pass or not. And then we're going to play opposition. So what legacy media is responding to all this news coming out of the White House and what the European Central Bank is doing responding to the news coming out of the White House. So we got a loaded show for you guys. You guys are going to stay tuned and smash that like button. Yes, please do. Smash that like button.

Helps a ton. And we're going to be back in just a moment. 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 of over $50,000. Their white glove service gives you fast transactions, no slippage, and the lowest fees.

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If you're looking to make use of your capital, don't sell your Bitcoin, borrow against it. You can head over to Debify.com to check them out. or simply scan the QR code on the screen. All right, we are back in. We're going to give away some quick sats before we dive into the rest of the news here. So everybody pull out your lightning wallets if you don't already have them ready.

We're here on Bitcoin Well. Nico's going to snipe them from all of you if you don't get on top of it. And also, if you do want to check out Bitcoin well, of course, excellent place to be stacking sats. QR code on the right hand side of the screen will get you to sign up today. But this is a great place where you can, of course, buy Bitcoin, pay bills, do all kinds of great things.

I use it all the time. But we're going to use some of our points, which you accumulate by signing up, referring friends, buying Bitcoin. And we're going to toss a coin into the Bitcoin wishing well. When the QR code pops up in the window, whoever scans it first will steal the sats from everyone else. So off it goes, if I can get it pulled up here. I'm going to give it a quick little refresh. my bad. There we go.

Okay. Or is it going to let me? Oh, no. Oh, wait. Because I have unclaimed sats. Here they are. Okay. Here comes the...

There we go. 210 sats to whoever scans it first. And I'll give you guys a few seconds there to do so. But if you do snag them, let us know in the chat. We love to hear it. Congrats to whoever gets the free sats today. But Nico, I won't leave you hanging here. I'm going to pull up your screen.

and get us going. And we'll continue on. So, man, let's keep it rolling. What else do we have in store here? Oh, I think you're muted. Such a rookie mistake. I've only been doing this five years. So this is with the opposition.

There's opposition to, you know, Trump's strategic Bitcoin Reserve thing. And first, it was from the legacy corporate media. And then it actually came out of the European Central Bank. They're accelerating pace to roll out the digital year. So instead of embracing Bitcoin, they're like, no, no, no, no. We need CBDCs harder, right? Like, let's see who's going to win that.

And I just want to read this from Larry Lepard because it's just no filter. No, Rachel Maddo. You getting paid $20 million per year to spew lies, a disinformation for the elite. That is a scam. crawl back into your hole. I love Blair is so much. Yeah, dude, he doesn't give up. He just speaks exactly when it's on his mind.

I love it. All right, everybody, let's check out with Rachel Maddow has to say regarding. And in a way, I do agree with some of her points, but I still believe that she's obviously spinning it for a political narrative. I should say I'm by no means a crypto expert. I'm not going to give you a lecture on blockchain or meme coins or anything. that. I just, A, I don't know and B, I don't care. But I do think it's worth looking at this crypto thing a little bit only because it is a deeply, deeply old-fashioned simple scam at this

point, which points right to the White House. News from the White House tonight really gives us no choice. You have to look at it. Hopefully, the broad strokes of crypto trading are not complicated. It's like when there was the Beanie Baby craze in the late 90s. People started buying these stuffed animals, right, beanie babies, kind of inherently not worth much, but people were speculating on them, right? It was a beanie baby trading bubble,

other than maybe some emotional value. If you had one as a child, beanie babies didn't have much inherent value, but it was worth buying up a bunch of them because there was speculation on the premise that as collectibles, maybe one day your beanie baby's collection could be worth a lot of money.

Cryptocurrencies operate on the same idea. They have no inherent value at all. The only value they have is if you have some reason to believe that somebody else might want to buy them from you in the future. That's it. And what that means in very practical terms is that convincing other people that your crypto is popular and in demand, convincing people that your crypto thing is going to have value in the future. it's going to be collectible as beanie babies. That is key to actually making money.

One of the things the SEC alleged a couple of years ago in 2023 was that Justin's son had orchestrated a scheme to pay celebrities to tout his cryptocurrencies without disclosing that he had paid them to do so. So in other words, he was creating the impression of hype and organic enthusiasm around his product when that hype didn't naturally exist. That was the allegation, which again, Justin's son has denied. And now the SEC has halted the case right after he gave more than $50 million to the Trump family.

Okay, so a lot to impact there, a lot to discuss. I'm going to have it playing in the background when we chat. Okay. So in a way, she's right, right? She's right, because essentially that's what all the alt coins do, right? but she's commingling like it's not a alt-coin strategic reserve it's a bitcoin strategic reserve so she's essentially commingling bitcoin with crypto uh which i think isn't cool and i think she's taking advantage of the fact that people just don't know any better um and

you look here she is like playing the you know a digital fort knox right as someone says to the president off camera so again she doesn't even actually even play the video she She's like narrating above it. Yeah. So yeah, I mean, like, in a way, she's right because essentially that's what all these like meme coins and alt coins do. But most importantly, she's like she's commingling Bitcoin and crypto. And then like 2017 called, you know, and they want their narratives back regarding the Beanie Baby. Like we've seen this before over and over and over again. And again, she conveniently leaves out, which she does completely 100% on purpose.

that, you know, Bitcoin has been the best performing asset for the last 16 years, essentially. It's just gone up and to the right. And if you've been saving and earning in Bitcoin, life has getting progressively cheaper. But at the same time, like, and you have to be, like, Rachel Maddow, like, for anyone who does, like, you guys might dislike her. Like, you might, you guys might just be like, okay, this lady's a kook and whatever. Rachel Maddow is brilliant. She's a Rhodes Scholar. She's extremely well educated. She knows exactly what she's doing.

She's a professional propagandist, and she's extremely intelligent. So I think what she's trying to do is she's trying to spin a narrative, take advantage of the fact that people are just not educated on this matter. The vast majority of people, if you bring up Bitcoin, the next thing they'll do is say, oh, what do you think about Ethereum? So they still commingle the two. They don't know the difference between Bitcoin and Bitcoin and Altcoins, right? So she's taking advantage of that, and she's just trying to spin a narrative and basically

trying to convince everybody that, you know, Bitcoin is evil and, you know, it's the devil by commingling the narratives of altcoins into Bitcoin. It's genius. It's really good propaganda. But, you know, this is how they're reacting to the Trump news, which tells you that I we're over the target we've seen this type of behavior before we've seen it come out of the new york times we've seen it come it's so funny after the u s a id stuff happened ben have you noticed that none of you don't see any of those articles anymore you don't see any articles fighting bitcoin uh

which is hilarious right anyhow what do you think bro dude i yeah it's unfortunate that um again again everybody is going to have to go through the uh uh the same kind of trajectory that we all did. Oh, it's a scam. Oh, it's all the same. Or like you come to it. Oh, there's value here. And you think it's, oh, it's blockchain and it's all these other things.

And like, oh, maybe this other coins do have some utility value and everything. And then you eventually, you whittled down through all of that information to discover, okay, Bitcoin is what's different. And everything else is a mess. So like the scam narratives and the speculative, like useless, you know, what she's saying, like digital Beanie Baby kind of narrative does apply to some of it, but you're missing the crux of why this whole thing even came to fruition is because the money was broken. We needed a fix for that.

That fix came about. but then a bunch of grifters latched onto it and tried to pervert it with their own version of it that they can then sell to retail. And we're still in the thick of that and we're just seeing swaths of people that are coming into it have to go through that learning curve again and again, which is incredibly painful for those of you that have been around for a while. And just get ready to watch it happen for a while because it's hard to educate the entire globe on a very complex. topic. A hundred percent. I 100 percent agree with you, bro. And it's so funny, Nathan in the chat. Mark Cuban there is a dick and Jay in the chat. Mark and Rachel have the same haircut. That's so funny. So we have the reaction from the legacy corporate media. And then we have the reaction from the central bankers. Let's check out what Opti's ex-girlfriend, Christine Lagarde,

has to say. And actually, you know, symbolically, she's wearing orange. On your second point, I tend to share your views. Nature doesn't like vacuum. And we started working on the digital euro way back. Actually when I started my term five and a half years ago, and I'm not claiming parental – parentality on the digital euro because my colleague Benoit Kerouret had already committed a speech on this matter before I arrived but I certainly carried on with that project and subsequently Fabio Panetta on the board and then Pierrotchi Polone who has

replaced Fabio have you know taken the lead together with a very very good team which is focused on accelerating the pace and hopefully campaigning enough with all the stakeholders meaning European Parliament meaning European Council meaning European Commission so that we can eventually you know not put to bed but put to reality this digital euro the deadline for us is going to be October of 25 and we are getting ready for that deadline but we will not be able to move unless the other parties the stakeholders as I call them, commission, council, and parliament actually complete the legislative process

without which we will not be able to move. So I want to pause it there for a second, and I just want you guys to picture this, and I'll get to the article. So I just want you guys to picture this. You see where it says European Central Bank, replace that logo and put an Ethereum logo and put a Solana logo, and you would not be able to tell the difference between the press conferences. You'd not be able to tell a difference. You'd have no idea it was any different right uh it's it's all chicoinery like it's like i want to thank fabio panetta because he was involved in this like it's ridiculous but why are they accelerating this like why are they setting deadlines like why are they you know why are they rolling this out if you ask the people of europe like you don't really need a cbdc right cash works banks work well it's because they're seeing

what's happening on the other side of the atlantic ocean check out this article from roiders EU worries U.S. embrace of crypto assets could impact Europe financial stability. Eurozone finance ministers are worried that the change of policy under the U.S. administration to embrace cryptocurrencies could affect Eurozone monetary sovereignty and financial stability. Last week, U.S. President Donald Trump, who vowed to be a crypto president in his campaign, signed an executive order to establish a strategic reserve of cryptocurrencies. Quote, policy developments and other jurisdictions can have important consequences for us here in Europe. The chairman of the ministers, Pascal Donosha, told a news conference after the ministers discuss U.S.

cryptocurrency developments. These discussions are fundamentally linked to our own autonomy and to the resilience of our currency. He said, adding the creation of a digital euro by the European Central Bank was now critical to staying ahead of the curve. the ECB has been working on creating a digital euro since 2020 after Facebook announced a year earlier it wanted to launch its own digital currency called Libra. Anyhow, yes, you can see the deadline. It's because of Bitcoin. The deadline is because of the Trump administration.

They're freaking out. But what's really funny to me is we know how this story ends. Like a digital euro doesn't fundamentally solve two problems. that Bitcoin solves. What are those problems? A digital Euro doesn't get rid of inflation, and a digital Euro doesn't get rid of censorship and control, right? And they're going to want to retain those things. They can't help themselves. And they're acting as if, like, a digital euro is going to solve the crisis that we have in Europe because, you know, the Trump administration embracing Bitcoin is essentially going to affect to use their work.

Eurozone monetary sovereignty. Sovereignty of who? The politicians? Not sovereignty of individuals. Why would you care what the U.S. is doing? And again, they're not acting in like this free market competitive way. They're acting like, we have to enslave our people into CBDCs to make sure that they don't seek better money.

Like, it's so absolutely ridiculous. But again, I think the ironic part here is that she is wearing orange. and that is 100% to troll Opti. Ben, what do you think? Yeah, I mean, it's interesting that the knee-jerk reaction here, again, was not, oh, crap, the U.S. is diving into this. We need to catch up to them because otherwise we're going to be left out in the cold in terms of the race to accumulate Bitcoin. But it was a, uh-oh, they're moving in the direction.

of freedom, let's govern harder. Like, let's try and rope all of our citizenship, all of our citizenry, into this draconian panopticon financial system, which, you know, to a degree already exists, but the amount of control from a CBDC is staggering. And so, I mean, I suppose I shouldn't be surprised with all the moves that the Euro, the Eurozone has made against privacy, against, you know, people trying to obtain censorship-resistant money, all of the various restrictions that they're placing on people, even just trying to obtain Bitcoin and get it into their own self-sovereign wallets.

The narrative around, what was the phrase they used for, oh, unhosted wallets, meaning, you know, giving other people your money and letting them control it? Yeah, it's just, I'm surprised that they're driving so hard at it when it's very clear. And we saw this with even just the example of the internet. When people tried to create walled gardens and create intranets and they had their own little like individual walled gardens you saw it with Comcast versus AOL and everything like that and even smaller. And there was a hype around it because it's nobody quite new.

but people realized, hey, if I'm on this network and it doesn't communicate with that network, that sucks. And then there was the open internet where anybody could just communicate with anyone. We're seeing the same thing transactionally. That's what the Eurozone is going to do if they go down this route. They're going to create their monetary intranet. And everybody's going to realize this sucks ass. I'm just going to use Bitcoin. So, I mean, they're really, in a way, yeah, absolutely, go ban Bitcoin. it'll definitely spur adoption faster, but it does hinge on some larger countries, at least in the short term.

It hinges on the U.S. following through with this in contrast to a jurisdiction that clamps down. Yeah, 100%. I think I love the way that you put it, right? It's like a force intranet, right? And we know how that ends, right? Like, we know how that ends. Again, it's like when politicians are essentially forcing you to use money, like, that's

probably not a good indication that your money sucks. I mean, that's probably a good indication that your money sucks, right? So 100%, man, it's pretty crazy. And, but, you know, it tells me that we're winning, man. And I find it super, super hilarious that that's their reaction to Trump. Instead of saying like, all right, guys, like, maybe we should like embrace Bitcoin too. They're like, no, let's double down on this tyrannical money. Why not?

Anyway, so everyone's down on the price. You know, we're at 80K, whatever. And I just, you know, we are getting to the top of the hour for the show. And I do want to play you this clip from American Hoddle for anyone who's feeling a little bit down about the Bitcoin price. Yo, we're running up the score. Hey, fuck the fact that the price is 86K. It doesn't fucking matter. where we're going, we don't need fucking roads.

All right, the price is going to $860,000. And it's going to $8.6 million. Then it's going to $86 million. You think I give a fuck? If you don't have a Bitcoin, you can get one now for the price of a Mercedes. All right? A lot of you have a fucking Mercedes or a BMW

and you don't have a fucking Bitcoin. A lot of you have a cyber truck and you don't have a fucking Bitcoin. A lot of you have a fucking shitty condo and you don't have a Bitcoin. A lot of you have a 401K and you don't have a Bitcoin. The price of Bitcoin is only 86K, bitch.

The SBR just fucking launched. You got an SBR. The price has already been over $100,000 before. The price is going to a million dollars. BlackRock is telling you it's going to $700,000. BlackRock is adding percentage allocations to all of their portfolios, and you don't want to buy a fucking Bitcoin. I have no sympathy for you, dude.

Don't come back to me in 20 years and tell me that I have shit that you should have. You don't have anything that you didn't deserve. You have exactly what you deserve. And so do I. Fix your fucking life. Buy your fucking Bitcoin. 86K. SBR.

It's on sale. Ross Alberg's out of prison. We can do whatever the fuck we want. We're going to run the table for the next 30 years. Nobody can stop us. It's Bitcoin forever, motherfucker. Everything we do is going to succeed. Everything we do is going to succeed.

Oh, we were a factor in this election. We're about to be a factor in every fucking election. Forever. till the end of time. A thousand years. Bitcoin. A thousand years. Fuck with us.

Pump that right into my veins. Right. Just like right here. I could take that all day. I would like those white noise tapes, those like, you know, people like sit back and relax and just like,

I just add on repeat. Me in my bed, just, that's exactly what I need. 100%. I want to play it too because everyone's like, hey, you know, the Bitcoin Prize isn't doing anything, whatever. I think it's important to zoom out, when in doubt. And yeah, we're winning. You could tell by the reaction by the ECB that we're winning, Rachel Maddow, I mean, Mark Cuban melting down, Senator Cynthia Lummis, you know, dropping the Bitcoin Act. And of course, Donald Trump

signing the executive order. Bro, we won so hard with the Orange Man election. I hope the same thing happens in Canada with, you know, Pierre Polyvar or whatever, who's pro Bitcoin. And yeah, we're winning hardcore. We're winning, you know, all across the board. And it seems like, man, we survived. Like, because last year was really, really scary. And look how fast things turned over. Yeah. Yeah, man. It's, it's been wild. And, uh, I mean, things are just getting started. Let's fucking go. Absolutely. All right, everybody. This was March 13th, 2020. and this was, I mean, I'm Nico from Simply Bitcoin, and this was your Simply Sessions.

See you later, everybody. Bye. Cheers, man. And everybody, stick around because we have very important news. If you've ever used Treasor, if you're currently using a Treasor, if you have a Treasor, namely if you have maybe a Treasor 3 or Treasor, say, five, one of the new ones, uh, there's some important news in and around a major vulnerability that. That was disclosed by none other than the team at Ledger.

Let that slosh around in your brain. So we're gonna talk about that when we get back. Very important that you make yourself aware, but we will be back in just one moment. We'll see ya in a sec. Looking for a simple and secure way to manage your Bitcoin on mobile, Aqua Wallet has you covered.

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or simply scan the QR code on the screen to get started right away. All right, we are back in. And if you do want to check out CoinCite and grab yourself a cold card, there is a QR code on the screen for you right now. That'll get you 5% off anything cold card related. So give it a scan. And, yeah, get yourself, in my opinion, the best piece of hardware that money can buy to secure your Bitcoin. But in the realm of hardware, let's chat about Treasurer.

What's going on there? And what's this disclosure from the team at Ledger regarding the Treasurer hardware? So, I mean, I've used Treasors in the past. I've played around with them. I've done videos on them, of course. The original Treasers, my major concession there was that they did not have a secure element. But the newer models, the Model 3 or the Safe 3 and the Safe 5 do, but this actually pertains to the newer models. In particular, the Treasurer Safe 3.

So here, let's read through what happened, what was discovered. So this is from Charles Guillaume. I hope I'm saying that name right. But at Ledger, they have Don John Ledger, our dedicated team constantly conducting open security research. They worked on the Treasurer revealing that their Treasurer Safe 3 was susceptible to physical supply chain attacks. Here's our thread on the findings. So what is going on? They revealed that if a Treasor safe three, so the safe three specifically device was stolen,

an attacker could theoretically tamper with the device and modify the software running on it, endangering its user's funds, even if this device uses a secure element. Secure elements, the technology ledger has, yeah, okay, tooting their own horn a little bit, but secure elements are chips specifically designed to withstand physical attacks. providing a robust safeguard for user secrets. Trezor's Safe line of products incorporates this technology marking a substantial security improvement. I agree with that.

Treasersafe 3 and Safe 5 devices feature a two-chip design, a secure element paired with a microcontroller. The secure element protects the user's pin and cryptographic secrets, aka your seed phrase, effectively thwarting inexpensive hardware attacks like voltage glitching. The secure element used in Trezer Safe devices is the Optiga Trust M by Infinion. It ensures that users' secrets remain secure even if the device is misplaced or stolen. This represents a significant advancement in security. Great.

However, their team found that cryptographic operations are still performed on the microcontroll. the non-secured chip, which can be vulnerable to more advanced attacks. If an attacker modifies the software on the microcontroller, they could potentially access the user's funds remotely. That is not a good thing to hear. Access the user's funds remotely. So from afar accessing the user's funds. That's if they, again, if they're able to change,

the cryptographic operations on the microcontroller. So this would be supply chain attack against somebody getting a hold of the device, either in transit to get to you or after you've used it. Trezer has implemented additional layers of protection, such as a firmware integrity check to detect modified software. While this mechanism is clever, it can be bypassed by determined attackers. They were able to demonstrate this in their final and subsequent reporting to Treasor.

Again, they say that they'll continue to work with the Treasor team. They appreciate Treasor's responsiveness to the responsible security disclosure and that Treasor addressed the vulnerabilities we found, showcasing the importance of continuous improvement and cooperation in this space. So yeah, and they did have a response to it that I'm not going to go super deep into. do, but nonetheless, how does this affect you and should you immediately be worried? So what I'll say first regarding this is if you're using a treasurer, I don't want you to be panicky and rushed and go and do anything rash and sudden because that's just a recipe for disaster,

right? If you start quickly trying to move things and freaking out, it's never a good idea. What you can do, some things that mitigate risks like this, number one, this would be, it would pertain to somebody getting physical access to your device in transit. Or, again, obtaining access to your device after you've been using it. You know, the person does need to be technically savvy to execute an attack like this. And so, you know, I'm not, I'm not saying it's impossible, but it is unlikely that, you know, your average individual that's safeguarding a few thousand bucks here and there is going to be a target of something like this. but it is something that you want to keep in mind.

It's not an ideal situation. And hopefully there's going to be some mitigation techniques that Trezer can advise on with this. In general, I just, I don't really know what to say here. Like, I just prefer the cold card. Like I always lean hard in the cold card. I have there I there haven't been things like this that I've come across with the cold card um and yeah I mean again it does require physical attack so it's not like somebody you know you get a you get your device you check that it hasn't been tampered with you check that the packaging hasn't

been screwed with all that all the typical things the treasurer has those special stickers along the bottom that if they're torn away, it's very obvious that there's like a double print on the bottom and you'll see that if you'll look at the treasurer video. So making sure those types of things checking for tampering, checking that the device has never been used before, those things are going to keep you safe. If you do get a treasurer and you see that there's no sticker at the bottom or it's been peeled back or their packaging has been opened, I would not use that device. So that's thing number one. Using things like passphrases with the treasurer can help. But again, with the microcontroller, I'm not quite sure that that would mitigate that risk if you have a tampered device.

So, I mean, number one thing you can do is make sure that the packaging, that you're checking the tamper evidence or lack of tampering once receiving the device. I wish I could be more reassuring here, but this just kind of sucks. Jumping ahead, Zeus, version 0.10.0 is now available. This has a few things that I really, really like. So if you've played with Zeus and everything, great, great mobile wallet, I primarily utilize it to connect to my Albi Hub on my Start 9, but you can use it as a standalone lightning wallet. So it has things like renewable channels. So if you buy a channel, you can renew Noster Wallet Connect client support, which is great. So any Noster client, you can have it pull funds from your Zeus wallet for things like ZAPS.

The ability to create multiple embedded L&D node in a phone wallet, so you can have multiple nodes running. That's great. The ability to delete embedded L&D wallets. New share button for Zeus QR images. And then a number of other just quality of life improvements there. Moving on, hey, I'm working on a refresh on that Nunchuk wallet tutorial. that I've done. I'm going through the gamut. I'm doing hot wallets, cold wallets, multi-sig wallets,

and their brand new feature, which is their group wallets. So being able to create a group multi-sig and remotely manage it against or with multiple parties with an encrypted peer-to-peer chat in it. Pretty slick, super stoked to get through it. I was playing around with it a bunch today. Next week, I am running our next webinar with the Human Rights Foundation. We are are going to be, of course, teaching human rights fighters and political dissidents from around the globe, how to use Bitcoin as a tool for human rights and freedom. We've done this a number of times through 2024. And this is the first time in 2025 that we're running it. I can't wait. I get to run it alongside the wonderful Anna Chekovich. She's incredible. She always does such an amazing job.

and I'm just happy to be in the room with her. So, yeah, you can, if you do want to be present, you can sign up for that as well. We're going to be running it Monday through Wednesday. I'm on Mountain Time, so figure that out in your time zone, but it's 8.30 a.m. My time in Mountain Time. And it's going to be great.

And thanks to Alex Gladstein and the HRF for having me as a part of this. It really is valuable, and I'm always so happy to be a part of it. And I can't wait to get to the Oslo Freedom Forum this year. A couple other things. Ali from Real Tahini's was in town. I had to pop up to his new restaurant to say hi. Awesome Bitcoiner. And of course, they've got their reserve, their company's reserve in Bitcoin, which is great.

And also Isabella popped by. She was in this very studio just this past weekend. Her and her boyfriend were out skiing in the mountains with a friend of theirs. And, yeah, I shot a message. And so they came over. and we had a cutthroat round of Mario Kart. Isabella had never played Mario Kart. Can you believe that?

That's insane. Anyways, she got wrecked. My wife got very, very competitive and not only destroyed her and her boyfriend, but myself as well. And she ended up taking the cake on, I think, that last round. On the topic of hardware, I did want to say, so that disclosure on Trezor was from Ledger, I did just drop a video on the Ledger Flex. And I know what you're thinking, Ben, what the hell are you doing on a ledger? Well, I wanted to do a video on the Ledger products.

First, to be very diplomatic about it, I want to show out works. I want to make sure that people know what they're getting into. But I also wanted to discuss the tradeoffs in Ledger Hardware. in and around how it works and the assurances that you have of the nature of what the software and the hardware are even doing in its lack of open source. And I kind of go through a number of things that I feel a lot of videos out there on the ledger. They'll just be like, hey, here's how it works. It's great. Grab one, buy one. Without bringing up, okay, but are there negatives? are there that aren't just aesthetic or whatever?

What about the tradeoffs that are made? And so I spend a good chunk of time at the end of the video just kind of discussing like, hey, I'm not going to tell you what to buy, but you should be considering these factors. And if any of these things are cute, then maybe you want to look elsewhere. I tried to be as diplomatic and reasonable with it as I could. I don't want to come off as like a jerk being like, oh, this is horrible, it's crap. But, you know, I think a measured approach, especially for people new coming in and they'll look at that. And, you know, hey, if the warnings that I have at the end, don't worry, person, well, there you go.

You can go and use the ledger. But if, you know, it's something that you were unaware of that makes you maybe consider something else, then hopefully people find that valuable as well. And finally, I want to let you guys know tomorrow. Awesome, awesome panel. I'm so stoked for this. Why are we bullish tomorrow evening? We have returning guests James Lavish.

We also have Joe Brian. He made that documentary, What's the Problem? It came out not too long ago, maybe a month or so. Awesome, awesome, awesome. And finally, we have Michael Morelli. And he does something called FitScript. So he's a solid bit coiner, but he's also on the personal fitness we'll call it he's on a crusade to make sure that people can reach out and grab and take hold of

their personal physical fitness. And I'm actually currently going through his program. I've been doing it for a week and a half now. I did like a full round of blood test to figure out all of these little biomarkers. And I'm sitting down with one of their practitioners to learn about my personal health and fitness journey. And so I'm excited to have him come and chat about the intersection of Bitcoin and Health. James is a legend. And Joe, I'm very excited to have him on the show for the first time. So it should be an absolute blast. So make sure you tune in tomorrow at 6 p.m. Eastern Time. And with that, I'm going to round out. Thank you guys so much for being here. We'll see you tomorrow at 6 p.m. Eastern Time. Keep stacking stats. Keep stacking skills. I'm Ben with the

BTC sessions and this was your Simply Session.