BTC Sessions - BTC Bull Market COOKED?! | Dr Shawn Baker, Jimmy Song, Dr Ken D Berry

Episode Date: March 1, 2025

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What is going on, everybody? Welcome to the show. My oh my, panic is spreading. Liquidations are piling up. The fear is real. I don't know if you saw the fear and greed index. We were down at 10 the other day, which is like extreme fear. It's worse than it was during the FTX crash, which is crazy. So the question is, has Bitcoin topped out? Is this the beginning of a massive correction or something much, much bigger? but there's a twist. This cycle is breaking all of the rules that we've seen established before. We hit a new all-time high before the having.

In fact, the bare market, we went below the previous all-time high, which also was not the norm. We've also seen institutions swallowing up supply, macroeconomic forces shifting in ways we've not seen prior. So is this the final shakeout before Bitcoin's most explosive run yet? Or is something crazier coming? Stay tuned because we're going to be chatting about that and plenty, plenty more. We've got a killer panel here. We're going to introduce them on the other side of the jump. So without further ado, I'm Ben with the BTC sessions.

This is your daily session. All right, I want to welcome to the stage return. Good to see you, buddy. How are you? I am good. How are you? I'm good. I'm glad to have you. And you're a perfect guest to be here because the next person I want to bring to the stage is Dr. Sean Baker, author of the Carnivore Diet. Dr. Sean Baker, how are you? I'm doing well. Glad to be here. Thanks for having me. Awesome.

Like I can't. What's it say, Jimmy? It's backwards. It says the meat mafia. So it's a It's a podcast I've been on, but I happen to be wearing this today. It wasn't on purpose, just so you know. That's fantastic. I love it. I love it. And I want to welcome our last guest. We did have a last minute shuffle.

There's emergencies. Somebody couldn't make it. But we've got Mr. Rob Wallace from Bitcoin News. How are you doing, man? Welcome back. You're doing well. Thanks for having me. Awesome.

Well, gentlemen, we're here. The show is, why are we bullish? we're going to be chatting about what's going on. I mean, there's been a little bit of panic. The past couple days, I don't know how phase you guys are, but I just want to, before we kind of dive into conversation here, I just wanted to bring up a quick little chart that kind of compares where we are now versus other havings.

And so the interesting thing is this kind of shows our previous cycle. from the having. And you can kind of see this one down on the bottom here. That's us right there. Not looking super hot. Not great. It's been kind of a little lackluster

in the early stages of this year. However, the interesting thing is when you take a look at it from the absolute bottom of the bear market, it actually looks pretty decent. It looks to kind of be in line with our 2017 run, kind of more so than the other one. Anyways, the point being is there's a lot of things that are different this time around, but there is some things that seem to rhyme.

And so regardless of where the price is at right now, I mean, we did see a high of a 106, 107, is that, is that how a high we got? 108. 108, okay, so 108. And then we went sub 80 the other day, which is a 20-something percent drawdown. Not unusual for a Bitcoin price cycle for a bull run. But, you know, I'll leave it up to you guys as we continue with the discussion. But I'm going to start into the meat of the show.

why are we bullish and we can you know maybe pepper in some speculation around what we think is going on as we discussed so jimmy i'm going to defer to you first i'm going to cue you up with the same question everybody gets why are you bullish i am bullish because all coins are separating from bitcoin there was a tweet a few weeks ago by irene zow it said first time bitcoin hits 100 000 Ethereum is at 4,000. Second time Bitcoin hits 100,000, Ethereum is at 3,900. Third time, Bitcoin hits 100,000. Ethereum is at 3,700.

Fourth time, 3,400. Fifth time, 3,000. Six time, 2,700. It is currently sitting at around 2,200. I expected to be below 2,700 when Bitcoin hits 100,000. Besides that, there's also the crash of meme coins, is hurting Solana quite a bit. Couldn't be more, couldn't be enjoying Schadenfreude more than watching Solana get wrecked just because it is the most, like, evil combination of things.

You have Wall Street Insiders creating a centralized token, and that's basically who created Solana. So I'm bullish because Bitcoin is separating from all coins. despite this drop, it actually tends to happen more on these drops than during the runs up. So I'm very bullish on Bitcoin separating in itself. And once it's shed the shackles of all coins, then I think it will pop up real well. I've got a question for you. I guess an observation followed by a question. So what I've noticed this cycle is that gone are the days of new things trying to claim utility.

It's like, yeah, this is gambling. This is straight up gambling. Buy this gambling token and sell it before anybody else can is more or less the narrative of this cycle. Like it's just full capitulation. And I think the decimation of the Ethereum price in Bitcoin as denominated in Bitcoin, is the perfect example of that as it just, you know, the flippening narrative of surpassing the market cap of Bitcoin was huge for a while. And, you know, they're changing the monetary policy and everything to try and ensure that

happens. And it just not only has it not happened, the exact opposite has happened. And that narrative has just been absolutely destroyed. So my question to you, Jimmy, is, do you think this cycle is the last one where people can truly claim that with a straight face, somebody can say this is going to replace Bitcoin? Well, I don't think they could say that at this cycle either. The thing is, the current sort of all-coin frenzy is not VC-driven. It was in previous cycles. You had like the narratives around NFTs and DeFi and ICOs and IEOs and all that stuff. This cycle, it's completely driven by

sort of like the hucksters that are pumping and dumping coins. And you're seeing what happens to Melania coin and Trump coin and Libra and all these other things that were supposed to be like the big meme coins. They're crashing just as hard. And it used to be that all coin cycles took a few years than, you know, a few months. Now it's like hours, you know. And, you know, it couldn't have. happened to a, you know, a worse group of people than the, than the Salana people. So I am so glad that they are suffering. Fantastic. Now, Dr. Baker, I am curious, as it pertains to Jimmy's topic

here of kind of the separation of Bitcoin versus other things, as you've come into the Bitcoin space, you know, what have you kind of seen? Like, what was your first experience? coming into this. Did you have people trying to throw, hey, this coin is, is interesting because of this and that and the other thing? And how did you kind of filter through the noise to kind of form an opinion? Yeah, I'm going to go really low level on here. So when I was exposed to Bitcoin, this is a guy named Safedin Amos, who many of you guys know, wrote the Bitcoin standard. He's pretty no nonsense. He's by everything else is shit coins, right? He says, Bitcoin is it and everything else is that. And I don't and I'm not, this is not where I have a great deal of

expertise. And so when you look at the Dunning Cruver, you know, that little Dunning Kruger curve meme where you got the, the troglodyt and the midwit and you got the genius. I'm here with the troglodytes. This is just backsats and don't worry about shit. And that's all I do. I don't, I don't put a lot of effort into this. I just, every, you know, frequently, every disc regularly I just buy Bitcoin, buy Bitcoin and hold it. So I'm not going to be the guys going to give you guys tremendous insights about all these different all coins. It doesn't even interest me. I just think it's stupid. So I don't, I mean, maybe that's just a really troglodyte view and there's people in them.

And there's some people making some money and ripping people off and all that stuff. But I'll tell you, you know, because I know the topic is what do you bullish about? And in my view, I think this community of people that are in Bitcoin, you know, and again, there's obviously acceptance. But I think as a general whole, there are people there that are very much interested in improving the world in many ways. And that's what I'm interested. And I see that carries over into what I do.

So there's so much overlap in people saying, hey, let's fix people's health. Let's fix the money. Let's fix the whole society the way it works. So I think, you know, the fact that, you know, Bitcoin has this proof of work, it's still here. Its market cap is trillion, you know, whatever is close to $2 trillion or something, whatever it is right now. You guys can know the number is better than I do. But, I mean, that's, you know, what I see.

And I think, you know, again, I've been in it long enough to know that I just don't pay attention to these fluctuations very much. I mean, it's just like, just keep going. And, you know, it's some period of time. And I don't know what it's going to be. I don't know if it's going to be 20 years, 30 years from now when I'm old. And I'm, you know, 90. What the hell am I holding Bitcoin for at this point?

You know, they donate to my kids or something like that. So it's interesting to see. I don't know. I mean, it's like, you know, obviously there was a talks about a strategic reserve, which may or may or may not happen. You know, Cynthia Lummus has got this bipartisan bill. It failed in Wyoming. And some people are concerned around that.

I know there's people that are, I know the Middle East has a pretty big reserve they've talked about. That, you know, I think at some point, whenever somebody does that, you know, like whoever's first in, like if a company starts buying, we're going to buy, you know, a million bitcoins. They're going to have a monopoly on this. And then there's going to be all this foam that might occur. And then you have this type of stuff. So I can talk about steak all day long with a great deal of expertise. But when it comes to Bitcoin, I'm that troglodyide on the bottom left of that Dunning-Cruger. serve and I'd say, shut up stack sats.

And, you know, what is it? Who is it that says, is it stay humble stack sacks? Yeah, that shout out to Matt O'Dell. There you go. Yeah, exactly, Matt O'Dell. Yep, exactly. That's great. You know what?

I've got to say that sometimes the left side of the bell curve on certain topics can really save you a lot of trouble. If the midwit that tries to find value and thinks that they're going to be clever and, you know, like that's the typical midwit meme. stay humble stack sats on either side of it and then people in the middle talking about utility i don't have i don't have the time or the energy to do with that stuff i mean there's only so many things i can i can invest my energy and and i'm up to my ears on that stuff so it's simple for me bitcoin's very simple for me just stack and smile that's great that's great rob i want to get your take on

jimmy's topic the separation of bitcoin and everything else where do you stand here it's so funny how just like a week after events, it all becomes so obvious in hindsight. Like, we had President Trump launch a meme coin, and then his wife launched one within this 24 hours. And then the president of Argentina launched a meme coin two weeks later. I mean, if that doesn't screen pico top for these meme coin slash gambling tokens, I don't know what else does, right? There's nobody else really bigger on the celebrity food chain that you can go up and scam

into getting involved in one of these things, except for maybe Kanye, who's coin. is sort of lingering on the sides there. But yeah, I mean, it really is, it's a sad state of affairs. These meme coins are really just max extraction vehicles. It's gambling at the utmost. It is a game of hot potato musical chairs where pretty much everybody except the insiders get screwed. There is no hodeling this.

There is no waiting for the long term for adoption to take place across the world. No, this is a game. you get in early because someone told you the contract address. You put in your your salana and then you sell within an hour. And hopefully you've multiplied what you've got because everybody else who comes in after you is going to be completely burned. And it has gone on. I mean, this meta has gone on for the last six months or so.

It's become really popular. There's this whole vape cabal and Los Angeles who are like the poster childs of this. But at the end of the day, the audience just got burned, you know. I saw a good analogy. It's as if there was a casino. It was very attractive, but instead of handing out a couple of beers and having attractive women around,

they put fentanyl in each glass. Eventually, you're just killing everybody who shows up, and that's exactly what happens. So, yeah, I think that hopefully this whole meme coin meta has burned itself out for this portion of the cycle. Yeah, yeah. I think, you know,

we've probably got a little bit more degeneracy to come through the, you know, continuing bull market, but it's very, very obvious. And I feel like it's almost needed at this point that, you know, we've been through, when you've been through cycles, you see the wreckage, but then there's always more new people to come in and relearn the lessons that the existing people have already learned. And now it's happening at a literal global scale, the president of the United States launching a meme coin is, you know, the whole world gets to see, and same Argentina, all of this, the whole world gets to see these things. And maybe this is just the global shitcoin phase

that results in the maximum amount of Bitcoiners. So we shall see. But Jimmy, I love the topic. I think, you know, it's a beautiful thing to see that people are learning. And sometimes it just takes touching the stove to, you know, pain is an excellent teacher. So gentlemen, we are going to do a rotation here. Now, Dr. Baker, we're going to take a quick sponsor shout out here on the other side. Again, I know that you say that you're the troglodyte side of Bitcoin, but I'm curious to dive a little bit more into your thoughts, what you're excited about, and kind of the parallels of what you do for a living and why that aligns with Bitcoin and kind of what brought you here.

So we'll hit that on the other side of the jump. Everybody in the chat, thank you for being here. If you do have some questions for any of the panel, drop them into the chat and anything that I see that may pertain to what we're talking about, I'll be happy to bring them up. Also, please do smash that like button. if you're enjoying what you're seeing so far and give it a share wherever you can. We will be right back. Bitcoin Well is the best place to be buying and selling Bitcoin in Canada and the U.S.

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swing down. There's a little QR code there. You can get 20% off tickets also afterwards. Rob, you're in New York, if I'm not mistaken. And I've got a little shindig going on right after that. I'm turning 40 and I'm doing my 40th birthday party at Pubkey. So if anybody happens to be in New York on the 29th of March. It's a Saturday. Swing down to Pub Key and come have a bevy with me. Would love to see you there. So nonetheless, we'll stop my rambling here.

Sean, I'm going to pass it to you. And again, we can take this any direction that you want. But I'll in general ask, why are you bullish? But I'd love to hear also some of the parallels about what you do and what that meant for you to come to Bitcoin. Yeah, so I, you know, I think there's a lot of thought around pessimism that is permeated society. And I think, you know, I mean, I sort of have this inherent, maybe, maybe naive belief that good will prevail. I mean, that just, you know, you kind of, you're fighting for the rebel forces versus the empire, you know, that type of thing.

So I think, you know, we're seeing that. And we're seeing more and more people that are aligning that way. And I think we're getting greater and greater buy-in and just across the board on these types of things. You know, I think the time of central banks may be and all that goes with that. And again, I'm not the expert here. But I think those things are cracking. I mean, we can see foundational cracks are occurring. And I think something else is going to come from that.

Hopefully it would be something better. And I think, you know, Bitcoin certainly democratizes the financial system in a way that nothing else ever has. I mean, at least that's my, again, troglodyte understanding of things. And I have some level of belief in that. And maybe it's faith, but then you can criticize that or not. But I see, you know, like I said, my focus obviously is in a world of health and medicine and how we fix them with the health care system and how do we attack chronic disease in a way. And, you know, I think by necessity, that requires novelty of thought.

And I think Bitcoin, I mean, you know, you're talking about like one of the criticism, well, Bitcoin uses too much energy. that's a negative, but can we turn it into a positive? Can we figure out more efficient ways to extract energy? So I think it's going to drive positive innovation across the board. How do you make the lightning network, which came as a sort of the way to solve them. And I'm sure there'll be better versions as time goes by with all those types of things. So I think that, you know, it's kind of, I'm kind of pulled two different ways because I think, you know, technology is great.

It's wonderful. I'm so thankful that I could sleep in a house with air conditioning and heating and I've got windows and I can drive my car and all those types of things at the same time. And you think about the food. It's like, do I need new food to be invented for me? And the answer is probably not. There's some things that we don't need to do. But we're getting to a point where I just see a lot of hope. I'm just really hopeful.

I mean, and maybe some of it has to do with the recent political events. I just think there's just a general sense of optimism. for a lot. Now, there's some people pissed off, obviously. I mean, not everybody's happy about the situation, but I just, I just think that things are heading in an interesting direction. Um, you know, I mean, gosh, you know, the fact that what Bitcoin's sitting around mid 80s right now, something like that. I tell, you know, even though I'm a trial and I still look at, I check it from check it kind of on a daily basis. I see where we're at just because I have an idea. But, um, you know, I mean, as you guys have been, I mean, as you guys are probably in when it was a thousand dollars or

Some people were in it when it was five cents. So, I mean, it's, it's, it's, you know, the number keeps going up. And, you know, I mean, it's just like weight loss. I mean, gosh, you know, if you, or your health, it's not a straight line. I mean, there's always ups and downs and you just look for the general trends and directions. And to me, it's all upside that I've seen. So, I mean, I don't see any reason to be pessimistic. You know, so anyway, simple thoughts.

The chat is coming to consensus that you are definitely not a troglodyte. So that's good. You got that going. And I think, again, I like the sentiment that you're kind of outlining the one thing I wanted to touch on that you kind of pulled a thread on is kind of like this dissolution of trust in a number of different institutions. And so, you know, like Bitcoin is kind of a dissolution of trust in our monetary institutions. When it comes to what you do, we've seen a lot of pushback in regards to health and like a dissolution of trust in our institutions that guide us in and around health. And one thing that really stands out to me was, do you recall, maybe you want to touch on a report out of the White House where they said something to the tune of like a bowl of Lucky Charms was more healthy than a. a pound of beef or something like that.

You know, when we get to points like that, I think it's no wonder people begin to question things. So do you think that kind of what you're doing and some of these shifts in health and people starting to look into things themselves, you know, how do you look at those changes right now? Well, I mean, you know, specifically to talk about that study that came out, that was a work of Darius Mosephari and at a Tufts University. and it was part around this Nova classification for processed foods. And yeah, they said, yeah, Lucky Charms are relatively higher up in their category as far as

as health as compared to beef and eggs, which is preposterous. I mean, I mean, anybody can see that. So it so's complete doubt. And I'm sure there are, I'm sure there are examples within the financial world where the chairman of the Fed or said something that's so frigging stupid that you're just like, I mean, you just lose face and you lose all faith in their credibility. And it's like, if these guys can't get this basic fact right, what else do they have wrong? And, you know, so I just see stuff like that.

And the good thing, it's nice when they do that. And this is why I think it's so bad to censor because somebody with some censorship knowledge would say, you know, let's just not get that information out there because then they'll know we're idiots. You know, we got to protect our identity and, you know, keep this, you know, this illusion that we have some level of expertise. But when you let that slip and you have full transparency, you know, sunlight's the best disinfectant. So I think it's good. I think it's good. people share what they think and believe. And then you can say that is absolutely ridiculously out there and maybe whatever else you're saying, I should question as well.

I think it's good to question things. I think, you know, I tell people about me. I mean, I'm this crazy guy telling people eat a bunch of meat. Don't trust me. I wouldn't trust me. Not that I'm an untrously trustworthy person, but I think you need to verify it for yourself. And again, I think to my understanding, Bitcoin has shown some level of proof of work, right? I mean, it's, you know, I mean, for some reason, it's worth well over a trillion dollars right now.

Somebody thinks something's going on there and that just doesn't happen, you know, and so all these mean coins, a hock to her girl. I remember that crazy girl and I don't know, she wrote people for $50 million. Good for her. I mean, good for her. But I mean, God. Yeah, it's, again, and you're kind of referring to an ethos of Bitcoin, don't trust verify, right? Like, you know, and this is, you can actually do that, you know, both in, in health and in Bitcoin. You know, you can go and you can actually look and see results and kind of, you know, there's,

the tools are at people's fingertips and they can go and actually read the studies. They can go and actually see what impacts their own health. They can, they can try different things and come to their own conclusions and read lots of different, read your book and read opposing views and kind of come to their own. decision with Bitcoin, you know, in terms of do you trust it? Is it truly scarce? I mean, myself and Pierre Richard did a live stream a couple weeks ago and us on the stream along with the entire audience all together verified the supply of Bitcoin independently of each other. So people from around the globe in the live chat and us on the stream using many, many

different Bitcoin nodes, we're all able to ask what the supply of Bitcoin was and all get back the exact same number, which is just, you know, again, with the ethos, don't trust, verify. And I think, can I ask a question to Dr. Baker actually along those lines? Yeah, of course. Okay. So I know your former congressman and I believe patience and endorser of your military career is being tapped to audit the Federal Reserve. So what are your thoughts on, I know you have a lot of crossover with him for many different

reasons. I mean, given that you know him pretty well, I would think, at this point. What are your thoughts on him verifying the U.S. dollar supply with the Federal Reserve? Well, you know, and you're referring to Ron Paul, of course. And I don't know Ron real well. I mean, he wrote my letter of recommendation for me to go to one of the military Academy when I was in high school. I went to school, I went to high school with his kid,

one of his kids. I met Rand Paul in a bar when I was in college, you know, you know, when he was years and before he was when he was in medical school. So I, you know, and he, so like I said, the town he was from and represented congressionally was the town I grew up in. So I've had some relationship with those guys. I mean, obviously Ron Paul has been a lot of people refer to him as the OG for some of this thought. I mean, I'm sure there's people that preceded him, but you know, he's in his 90s now. And so I mean, but he's pretty sharp still. I mean, it's kind of interesting. He was at the Bitcoin conference in Nashville last year and still getting after it and has got a lot of insight. It'll be interesting.

You know, obviously we've got this inspection of Fort Knox going on as well. I mean, it's kind of crazy. You know, we talk about trust. As you said, any Joe Schmo from anywhere can verify the Bitcoin network, you know, to my understanding. But if I want to verify Fort Knox, good luck. They're not going to let me in there. I mean, you know, you got to, you know, Rand Paul said I can't even get in there. And I'm the center of the damn state.

So it's like, how much trust do we have in our financial system? We can't even verify how much gold we have in there without a president making a big deal about it. But with Bitcoin, like I said, you guys can, hey, I'll let's check to make sure everything's there. So, yeah, that's an interesting point. And I hope to see Ron Paul. I mean, like I said, when he ran for president, you know, he had his knees replaced. And we were, where I was doing my medical, my surgical residence, he came in and we replaced his knees. And so hopefully I'm not sharing too much private information.

I don't think that's a, I don't think that's a unknown fact. But yeah, it'll be interesting to see what happens with that. Gosh, I mean, if anything else, if nothing else, we can say that this last year and this year are particularly interesting. And there's a lot of interesting stuff going on. I don't know if you guys saw Trump just yelling at Zelensky earlier. Oh, my God. That was quite interesting. I mean, I just got, you know, I don't often eat popcorn, but I did while I was watching that.

I don't really know. I mean, I'm up here in Canada. So, again, I'm just kind of looking down from the ice wall and kind of taking it all in. It's a hell of a time. That's for sure. Not that we don't have her own interesting stuff going on up here. But, yeah. Rob, I'm curious to get any of your thoughts on what we're chatting about here, too.

Yeah, the times they are changing. There's definitely big moves being made on the highest political level, but also the personal, right? I think it's a common trope that Bitcoin changes you and often for the better. It starts many a virtuous cycle. You get into Bitcoin because you realize that the money's broken, but then you start looking into other things that are also broken. such as the health system and has started many personal health journeys. I'm not a full carnivore, but I myself actually joined up with fellow bitcoiner, P.D. Mangan, do you know him?

He's a, I do, Pity, yeah, Pee D.Mangan. Yeah, yeah, he's been a great guy found him, started up with his three-month program. And, yeah, thoroughly enjoying it, changing my diets. But I mean, since starting going down the Bitcoin rabbit hole, I've changed. changed my life quite radically, you know, quit smoking, started a business, got married, you know, all these like big things that are very important, I think, but modern society seems to put less and less emphasis on them. But if we could just realize that there were, there are points to tradition and many of these things do cause, as I said, a virtual cycle. And things just

seem to get better if you stay on this path and you are focused on self-improvement and thus, If you fix yourself, you also fix the world in many ways, right? So Bitcoin does. Yeah. It's funny when you fix the money, a lot of stuff downstream of that, including people's personal lives, seem to begin to improve. People think about things differently when the fruits of their labor and what they decide to do with them actually have an impact on the world

instead of being erased at the push of a button. So gentlemen, I'm going to do another rotation here. We're going to do a quick shout out to sponsors once more, and then we'll come back. Again, in the chat, just have some questions ready. At the end, we'll do a quick little round of any interesting things that I see in there that people might want to ask for any of our guests or just general questions. But we will be back on the other side of the jump. Also, if you can, if you're in the chat, give that like button a smash.

It really does help. And let us know also in the chat, are you carnivore? Are you leaning more towards more red meat consumption? Or are you the – I saw a vegan warrior in the chat there. Not ultra-impressed, but hey, to each their own. So either way, let us know in the chat. We'll be back in just one minute. Looking for a simple and secure way to manage your Bitcoin on mobile,

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So with that, we're going to dive into our next topic with Rob. I'm going to cue you up with the same question everybody gets. Why are you bullish? Yes. Well, this week we saw a wide swath of events happening across the country. And they couldn't be more different in all regards. So last weekend, we had the heat punk summit at the Space Denver, a brand new Bitcoin co-working space meetup area and they had their first summit there and it

collected all these people from around the world we're working on the using the byproducts of heat from Bitcoin miners for useful means right I can actually I'll send you a link right now Ben so you can show some video of this because it's really worth putting up on screen so people can see it but yeah so I mean Bitcoin miners are computers that consume a lot of electricity and as a byproduct, they kick off a lot of heat. And so the question is, if this machine is going to be making all this heat, what do we do with it?

And so we've come up with lots of different uses. There's a giant greenhouse in the Netherlands by Brabant Bitcoin. They have a giant greenhouse there that heats tulips and grows tulips there. They were just featured on Japanese TV. Here in this video, they show a bunch of different homemade Bitcoin miners that are used to create heat and heat up different, everything from jacuzis to space heaters. That's what's really cool about Bitcoiners

is that they're extremely, they have a lot of ingenuity and they're creative and they're willing to push the boundaries and see what's possible. Is that water? Is that a water pool of bed- Yeah. That's a Florida-Biddax.

Wow. So yeah, I mean, and so it really flips this whole industry on the head when you think instead of a Bitcoin miner produces Bitcoin and has the byproduct of heat. Well, what if it creates heat and Bitcoin is the biproduct, right? So, I mean, there's whole spas in Brooklyn and Manhattan that use Bitcoin miners to heat the water for the hot tubs and the saunas. And I think we're going to see more and more of this as people realize that Bitcoin mining is a great way to subsidize your electronics. city consumption. So that happened in Heath, in Denver, this week, the same week that Heath Denver is happening right now as well. And from

the pictures of that on X, it looks like it has quite the abysmal turnout. This was a packed house here at this small venue in Denver at the space. And you compare that to Heath Denver. It wasn't so good. But the other event that was a packed house for Bitcoin this week was Bitcoin Investor Week, which happened in Manhattan, put on by Anthony Pompeiano, really quite the lineup from Jack Mahler's, Adam Back, Kathy Wood, Dennis Porter, all the mining CEOs, of course Natalie and Marty Bent.

I mean, it really was quite the star-studded affair for three straight days, Wednesday through Friday, and a very different audience, right? of many people from Wall Street, people in their 50s with decades of investment experience, trying to figure out what is the Bitcoin thing and how to get into it, right? You had a tweet from Frank Shapiro of the Block, their former chief editor, saying, went to a crypto happy hour event in Manhattan tonight, easily the oldest crowd I've seen at a crypto gathering, average age had to be 55 plus. Everyone was bullish on crypto.

No one knew about mean coins, all focused on. on getting their family offices into Bitcoin and early stage crypto projects. Complete antithesis of crypto Twitter. So while we were all worried about the price melting down, there's lots of people over on Wall Street who are interested on getting their first Bitcoin, right? So interesting times.

This is great. Can I just comment? I heard Jack Mahler's, Dennis Porter, and I think those guys are all carnivores, just for the record. I mean, I got to say, like, just about everybody in Bitcoin is at least interested in carnivory. And I got to thank you, Sean, because honestly, like, I talk about carnivory when I talk to my normie friends more than I do Bitcoin because they're always, like, curious when we're eating together. They're like, why won't you eat the, you know, mashed potatoes or something like that?

Because I have a carnivore. And then they'll ask questions. It's a lot easier to proselytize being a carnivore than it is being in Bitcoin because, you know, they come in with some preconceived notions. I don't think people have that as much for carnivore. Yeah. I need to tell a story of Jimmy Song specifically because Dr. Baker is here. So I was in Nashville for the Human Rights Foundation. and they have like a mishmash of like bitcoins, developers, educators,

and then they have these human rights defenders from all over the globe. They bring us all together for this global Bitcoin summit. And they do a really great job of like taking these human rights defenders and having them out for a nice dinner and all of this. So I end up at dinner with Jimmy Song across the table and you have options of what type of food you like and you just kind of check it off. And one of the things they had was Tomahawks. And then other people were choosing fish and other things.

Anyways, so the food all comes to the table and Jimmy grabs a tomahawk. It was massive. And he just cleaned that thing to the bone. And then realized that the tomahawk was for that section of the table, not for the individual person. So then he felt like shit and then had to go and pull out his wallet and buy another tomahawk. for the rest of us to have. So he was done it by the time there was time to actually realize that there wasn't more coming. So he really, you know, he did a good job ingesting all that.

That's good, man. I got to say, though, Dr. Baker probably eats more than I do. I'm legendary in the Bitcoin space for eating large quantities of meat. but I saw you down three tomahawks in Nashville like without even a thought it was just I like just nothing it was it was kind of incredible actually yeah I was you know I'll tell you they they had this tomahawk ribby you know tomahawk steak ribby eating contest and they're like you I was like you know I'm not really that interested I'm kind of trying to lean it out I'm trying to diet a a little bit and they said no you got to do you got to do so I said okay so I said if I'm going to do it I'm just

going to try to weigh in. So I ate like, it was like six pounds of meat in like 20 minutes. I just crushed it. And I was like, all right. That's like my arm. You know, yeah, it was kind of like he's like a small child. It's like a small baby. Have you been to the place in Amarillo where they give you the steak for free? Oh, big tech. Yeah. Yeah. I have not. Not to 70s. I know I can do it. I'll tell you. I will tell you, if you guys don't mind this little version. There's a woman. Her name is Molly Sky. and she, she, like,

she weighs like 120 pounds. And she went to this prime rib place in Madison, Wisconsin. And the record for that, that restaurant was 10 pounds of prime rip. And she goes in there and says, hey, if I break the record,

could I keep going? And I interviewed her. I remember her because she's a competitive eater. And I said, yeah, you can keep going. So she goes through, eats 10 pounds,

11 pounds, 12 pounds, 15 pounds, 17 pounds, 20 pounds, 22 and a half pounds. and then they come back and said, we don't have all of our food. So I, you know, my little six pound is like nothing, you know, when a hundred twenty-pound woman can cross that one. So it's, it's pretty amazing. Wow.

That's insane. It is. It's the same as a wolf. I mean, if you look up like, what is it gray wolf eat? How much can a gray wolf eat? And it eats around 22 pounds. And so she's like a gray wolf. Can wolf it all down.

Wow. I feel, I feel like less of a man right now. Yeah, I do too. I do too. I do too. Awesome. That's pretty amazing. Now, I did want to, on Rob's topic here, I do want to pull back to something that Dr. Baker was talking about in and around Bitcoin mining and like the misconceptions

in and around energy use and it being wasteful and everything. But like, again, to the topic that we saw here in and around the heat being the priority and Bitcoin being the byproduct, the bonus of heating your space and then mining Bitcoin at the same time. I literally, I do that here at home too. Like, I'm up in Canada. I've got some smaller big. There's one on which side. This side here is just beyond my mic.

That silver thing right over here. That is just a future bit. It's a little Bitcoin miner. I sit it on the shelf, turn it on, and it just mines. away and gives a little bit of heat in my office, which tends to be cool in the winter. I've done that with a few different devices with some of the older miners as well. So definitely an awesome thing that you can do, even just at home, just as like a hobbyist, as a fun little weekend project, if you're going to be using space heaters anyways. And even beyond that, there's a great question

in the chat here. And it was from, I'm going to pull it up, just because it's relevant to this exact topic. And it was in and around, could Bitcoin mining be used for a particular topic? And it relates to both the carnivore and mining side of things. So right here from Rob Lowe, by the way, Rob, I loved you in Tommy Boy, and somebody else in the chat loved you in something else.

It's not the real Rob. blow, but okay, do you see Bitcoin being incorporated into meat? For example, miners heat being used to create beef jerkin or as we use cow dung to power Bitcoin miners, what else could be done? And one of the cool things, and I think Rob just sent me the exact thing. So I'm going to, Rob, you're perfect. We're tag teaming this topic right away. You got the other thing that I didn't have but i'm going to uh pull it up right now the one that you had first uh let's see here we'll do the tab chrome tab there it is okay uh everybody's seeing that that is literally beef jerky uh a bitcoin miner drying beef jerky uh and i mean looks good i'd try that jerky for sure and

And furthermore, could be basically could cow crap be used to fuel Bitcoin miners? It could, and it is. So you can use the methane kicked off from cows and actually use that to power the miners. And they've got all of the details here about how that might work. This is from Brains, and this was a blog that they did a while back. But I've seen other actual implementations of this at varying scales, but it's a very real thing. So yes, the industry can and is involved in Bitcoin mining. Now, the question is, have you tried Bitcoin miner jerky, Rob?

Is that a thing that you've ever partaken in? No, I haven't because I've actually run a minor and know how much dust gets collected in one of those things. I'm scared to eat that. I might need some filters on that, I think. Yeah, a lot of filters. Jimmy, what about you? Have you ever had a piece of beef jerky miner created?

Not to my knowledge. It's possible people gave me jerky that was, but I don't remember ever trying it. But I mean, no doubt, like that's sort of like the level of heat you're talking about is like just like 150 or so if it's especially hot. And that's that's perfect for drying beef jerky. So I have no doubt it would taste good. I've got a rancher in the south of Alberta that I get all my beef from. And he makes the best jerky.

I'm going to convince him to have a Bitcoin mining addition. Well, so if he if he can like fuel it. with cow farts and dry the beef, right, with leftover ground beef. Like, I think, I think it could be like sort of almost a circular economy within his own farm. As long as he separates the use of the crap far enough from what he admitted, I'm okay with that. Sean is wondering what the hell is going on. Well, you know, I got to tell you, as someone who makes his own jerky quite a bit, I don't have a Bitcoin mining operation.

I just got a standard dehydrated. But you're absolutely right. If you get something that's going around 151,60, it puts out a little bit of heat. It's actually delicious. I mean, it is a great way to do it. I mean, it's a really nutritious, delicious snack. And I'm all for it. I'm excited about it.

You know, you guys can, I don't think it to take too much to design that. Well, somebody's already done that, obviously. So, I mean, even that little, you know, sitting right behind you there might be on enough heat where you could put out. you can dehydrate a couple pounds worth of meat. And it's a makes for a great snack. I love it. I love it. There is somebody else in the chat that was asking, where am I seeing that?

Matthew. Oh, he was just how to, and anybody can chime in on this. I've got some thoughts here too. But Matthew J. was asking what mining pool is the best? He's currently on public pool. But I don't know, Jimmy or Rob in that realm. Do you go with Ocean?

They pay like what's actually mined rather than sort of like the average of what everyone else supposedly is giving you. So you're going to make more money on Ocean over the long term. Obviously the volatility reduction isn't quite as much because they don't have as much hash rate. But just just go with Ocean. They're trying to do things the right way and paying people out the right way. So I'll go with them. Nice. Rob, how about you?

What are your thoughts here? Yeah, I would second that. Ocean also has the datum service where you can choose your own block template. So you can choose if you want to allow quote unquote spam to be allowed into the block if you mine it, such as, of course, Ordinals, NFTs, VRC20s and whatnot. You can filter those out if you so choose. And it allows the spam filtering to be decentralized amongst miners. and you can, if you're the miner who finds a block, you have the right to decide what goes into it. So I think that's pretty cool.

Nice. I do. Anybody that's curious, I just did a video on using the bidax, but I show how to actually host your own datum gateway and use your own Star 9 for that or connected to ocean mining for pooled mining and actually get lightning payouts to your own node. So all kinds of stuff.

If you don't have a node and you're not doing all that extra stuff, I did a video on a nerdax, which is basically the same thing, but just using like a public pool type thing and solo mining on it. So you don't have to have a whole bunch of hardware. So worth checking out. I have a question for Dr. Baker here. Nathan wants to know, Sean, anything on your jerky or just plain? I just do salt. Yeah, just plain old salt. Yeah, basically.

And so I usually take cut up thin, either chuck roast or I've got a meat slicer in New York strips. So it's got a little fat on there because it just, you know, it just makes it such a nice, complete. If you're trying to gain weight, and I saw a comment in here, somebody saying they're struggling to gain weight. And because meat can be very satiating, when you dehydrate that, that takes out a little bit of that satiety effect. And so you can actually eat more protein and fat and actually potentially gain more. So that if you're struggling to gain weight, that's a great way to do it. Just dehydrate a bunch of meat and pound that stuff. you can probably increase your caloric intake by 20, 25, 30 percent pretty easily that way.

Wow. But if you're Molly Skyler, you still don't gain weight despite eating 22 and a half pounds. You know, I ask that woman, you know, I go, what does she eat on a daily basis? You know, how does she train? And she said, well, I eat a low-car diet so I don't get fat. And I'm like, you eat literally like five, you know, 20-pound pizzas on a weekend. You know, it's just kind of funny how she has that. I don't want to get fat, but my job is to be a competitive eater.

It's kind of interesting. So what's the secret? How she's standing on 120 pounds, eating 22 and a half pounds? You know, I don't know. I don't know. Because she, I mean, she told me one thing. She was one competition. She had to drink like, it was like six gallons or something, six liters of like canola oil.

Was it like the thing she did. And she said, of course, she felt miserable afterwards. It was just like, I was like, God, that's got to be horrible. So she was on a bath, she was in a bathroom for many days after that. Good Lord. Oh, God. I'm going to address a couple of, a couple of more chat questions before we do a little roundout here and get any final thoughts from you guys.

But again, people in the chat, if you got something quick that you want to toss out there for a quick answer, then feel free to do so. I'm going to pull up one from a live film here. He was actually just asking about Bitcoin back loans and stuff like that. If so, what are your preferred lenders? First, I'm going to caveat the space saying very, very careful about this kind of stuff, because if you're actually parking your Bitcoin at a place where it's in full control of somebody else and you actually have no window into what's happening or if it's being re-hypothicated and lent out again,

you can get yourself in some trouble there, especially with price fluctuations. You can get into situations where you think you're okay depositing a certain amount and then the price drops and you have to top up your collateral. And with the fluctuations of Bitcoin, you might need to. top up more collateral than you actually have if you're irresponsible with something like that. So, you know, I don't think that lending disappears in a world of Bitcoin if people are thinking clearly about stuff and just doing reasonable things and saying like, oh, I'm going to start a business and I have some Bitcoin and I want to do something like that. But if you are diving into

that realm, I prefer the idea. of some sort of like a multi-sig situation where at least you hold a key, the lender holds a key, and then there's like somebody that can mediate in between in case there's a dispute. I think that's kind of far better. I don't currently have any Bitcoin back loans because I don't have any need for them right now. I've done that in the past. I have done it previously through other companies that used to not rehypothecate, but then they started doing that.

No, I wasn't as much of a fan. I like, again, the guys at DeBify, they're pretty awesome. They're the same guys who do Hoddle-Hoddle for like non-KYC buying Bitcoin. And on Hoddle-Hoddle, you can also do peer-to-peer lending. And Hoddle-Hoddle sits in as the mediator with that. All of that's like multi-sig. So you can't just like have them take your Bitcoin and then relend it out to somebody else. It's actually you can sit there and audit that it's sitting in the multi-sig.

Yeah. So again, just exercise caution, be responsible. And if you are doing something like that, a small, small percentage of anything. And, you know, if you actually need it, like, don't go speculating on crap. That's a good way to get wrecked. So anyways, gentlemen, I'm going to get just any final thoughts that you may have here just down the line. You know, any things that you might want to point viewers towards resources, things that you really. like. That would be awesome. So my general final thought is, you know, Bitcoin can fluctuate. It can get crazy. This is not outside the norm for Bitcoin. We see 20, 30 percent drawdowns all the time, as Sean said, just like moving towards a healthier body. You're not going to see a perfect straight line towards the direction you want to go. It's going to be volatile. There's going to be days where things don't seem to be going right, but as long as you stay the course, you're going to be just fine. And yeah, I would say in the vein of Dr. Baker being here, and you mentioned Safedine, one of the people that is under his publishing house wrote a great book that I really enjoyed called Fiat Food.

Take a look at that. It's eye-opening, and I found myself screaming at the pages. and then going and reciting them to my wife regarding to how ridiculous and co-opted a lot of this stuff is. It's pretty wild. Jimmy, I'm going to toss it to you. Any final thoughts, recommendations? Anything you want to bring up? Yeah, I want to answer that loan question, actually.

Yeah. I actually think taking loans out in a fiat economy is immoral. And I say that because every time you take a loan out, unless it costs somebody, it has an opportunity. cost for the person that's lending it to you, you're actually printing new money into existence. So if you're borrowing money for a mortgage, that money is not coming from somebody's savings. That money is being printed by the bank. So you're expanding the money supply by that amount. If you're more curious about my stance on that, there's a, there's a video of the Plan B forum in San Salvador, where I debated Mauricio de Bartolomeo about this very issue that basically all days.

in a fiat economy ends up being money printing. And what you're essentially doing is stealing from everybody else that's holding the currency that you're borrowing. So I just say don't do it. Don't try to cheat the system, leverage or like gain something for nothing, risking way too much in the process. Just go do make a gooder product or service or something and stack sats. I say do it that way rather than this other way of gambling.

All right. I like it. Awesome. Sean, I'm going to go to you. Any final thoughts? Things you want to point people towards. Yeah,

I mean, I'll just bring it back to health. I think, you know, the Make America healthy again is predicated on Americans actually wanting to get healthy. And you're not, it's not going to be up to RFK or any other government energy to get

you healthy. You're going to have to do it yourself. You're going to have to take an interest in that. You can't outsource your health. And even just like you shouldn't outsource your finances to the central banks, you should have control over your own health and understand, get a deep understanding about how that is. And it's surprising how much you have control over.

If you're diagnosed with a chronic disease, you're often told, we don't know why you have this. Maybe it's bad luck. Maybe it's genetics. And all you can do is take pills the rest of your life. And that's disempowering, depressing, and it's a wrong answer. And there's a lot you can do about that. And so I think this sort of great awakening that everyone's experiencing around all aspects

of, you know, all aspects of life are being challenged and don't sleep on your health. I mean, it's so important. I mean, you can have all the financial security in the world if you're sick. You know, that's a real, that's a real health there. I like it. Rob, I'm going to toss it to you finally. Final thoughts? Anything to point people towards?

Yeah. I mean, if this last week has got you scared, I think there's two remedies to that. One is time, just the longer you. hold Bitcoin, you realize that these fluctuations are normal, part for the course, and you won't get as worried about them. And two is education. The more you study, the more you learn about Bitcoin, the more you realize that this is the final trade. There is nothing else that you'd rather give up Bitcoin for it to get, right? So study Bitcoin, hold it for a long time, and you'll be just fine. That's perfect. Gentlemen, this was an absolute blast. Everybody in the

chat, please give that like button a smash. I would greatly appreciate it. And of course, follow all these gentlemen. I've got their stuff in the show notes down below. Other than that, gentlemen, I appreciate you all coming and getting bullish with me on a Friday evening. And with that, we shall say a farewell. Have a wonderful day or evening. Wherever. Wherever you. Wherever you. you guys may be wherever the audience may be and see you guys later i'm ben with the bTC sessions this was your daily session