BTC Sessions - Hidden Report LEAKED: Country With 4th Largest Oil Reserves About To Go ALL-IN On Bitcoin?!

Episode Date: January 30, 2026

🚨 A hidden Bitcoin report was just LEAKED… and what it reveals is INSANE.One of the world’s top oil-rich nations — with the 4th largest oil reserves — is reportedly preparing to go ALL-IN on Bitcoin.What does this mean for the global financial system? What happens when oil and Bitcoin collide?This could be the most disruptive move in Bitcoin’s history — and almost no one is talking about it.Join BTC Sessions as we break down the leaked intel and what it means for Bitcoin in 2025 and beyond.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 BTC Sessions on X: x.com/BTCsessions—------------------------------SHOW SPONSORS:BITCOIN WELL BUY BITCOINhttps://qrco.de/bfiDC6COINKITE/COLDCARD (5% discount):https://store.coinkite.com/promo/BTCSessions ABUNDANT MINES:https://qrco.de/bgYKPBAQUA WALLEThttps://qrco.de/bfiD8gNUNCHUK HONEYBADGER INHERITANCEhttps://qrco.de/bfiDARHODLHODL NO KYC P2P EXCHANGEhttps://hodlhodl.com/join/BTCSESSIONDEBIFI LOANShttps://qrco.de/bfiDCp#btc #bitcoin #crypto

What if I told you that Alberta is not only on the cusp from separating from Canada and creating its own sovereign nation, but also creating a currency that is backed by Bitcoin? This is very, very exciting to me. I haven't seen anybody else covering this yet, and I just became privy to it at an event this week that I attended. So how real is this? How close are we to not only separating, but having. a Bitcoin back currency in the place where I myself live. We're going to chat about that. I'm going to chat about plenty more.

We also got a special guest on today. So everybody, welcome. Drop a like on the video. Subscribe if you're not already. And let's get rolling. I'm Ben with the BTC sessions. This is your weekly session. All right.

I want to welcome to the stage. Of course, my co-host with the most, Nathan Fitzsimmons, BTC mentor. But also, we've got special guests. Robby the Fire Bernstein. Dude, how's it going, man? I'm excited to join this Canadian Revolution and probably get myself on another government list by advocating my support of it. Perfect. I feel like we're already kindred spirits here. I'm definitely on a few lists,

for sure. For people I'm familiar with you, can you let people know who you are, what you do? Yeah, I'm first and foremost a comedian and also, you know, spoo a lot of nonsense on the internet, both on the part of the problem podcast and my own podcast, Run Your Mouth. And I have, I welcome people to follow my content. I say it's celebrate, live in the future, celebrate being right, because it's incredible the information I pull out of my asshole. The track record of predictions that I've pulled right out of my ass and been 100% correct on is really, that's what NASA should be studying is the inside of my asshole and its predictive qualities of the future. That's amazing. Next time I'm curious.

what the Bitcoin price is going to do. I'll have to look in your ass. Yeah, I welcome people. There's a fee, though. If you want to get right up close to the source like that, you do have to pay. But I don't think we're going to have any markers until we start floating around that 85 marker. But there's a day where it's right around the 85, if you want to take a peek in there and see what it tells you, you might get a good indicator. There you go. There you go. Well, you heard it here first. Everybody, let us know, drop us messages, and we'll get you early admissions. So now, Robbie, I want to familiarize you and the audience a little bit with what the hell is going on here in Alberta. What is Alberta? Can we start with that? Because if you live in America, there's just basically Toronto and other people.

Yeah, that's pretty much what most people know of Canada. So Alberta, we are further west. We are not on the coast. That would be BC. So that's like Vancouver and everything. We're inland. We are north of Montana. And we're massive. So like Calgary where I am, and Nathan is, we're about a three-hour drive to the Montana border. But if we were to drive north of where we are, we could drive for 12 hours and not hit the border of our own province. And there's still other shit above that. So it's quite a large piece of land. And it is very oil rich. I think if you're comparing it to nations where we've got oil reserves.

Yeah. Like if you compare us to other countries, like just the province, third is how we would rank for like oil. Probably you made the mistake. You shouldn't have gone to Venezuela. Alberta would have welcomed you. We welcome democracy. Welcome freedom. Yes, exactly.

Do you have any one person that we can steal and then just claim that we're running the country? Yes, we do. Trump will broker that deal with you. If there's one guy that he can just show up, take and then declare victory and then move on to something else. Yeah. You can arrange that theater and show with him. That's what he's all about. Amazing.

Amazing. Well, we're going to see how this independence movement pans out first because we're in the midst of that. I actually, I'm going to bring up something. I was at an event on Monday. And so this was an independence rally. This is somebody else's footage here. But I'll let it play.

And just to give an idea of, and Alberta is a province. I'll mute it here and just kind of show like the crowd. But Alberta is a province of around, what, four and a half million people or so. And so this is just in our city here. But we had this rally and it was like, it was pretty packed. Like there was a ton of people that came down. And so they had a number of speakers kind of go through and chat the case for Alberta separating and becoming independent. way that it works is that to trigger a referendum they need to collect signatures of 10% of the

number of people that voted in the last election which equates to around 177,000 signatures, which based on kind of what I've seen, I think is a shoe in. Like I think that's a very, very easy, easily attainable goal. And so, yeah, this event was. was pretty good. I quite enjoyed it. There was some pretty good speakers. The one lady that was speaking there, her name is Eva Chippeuk, and she is the lawyer that cross-examined Justin Trudeau after he used the emergency measures to shut down bank accounts of all the protesters and everything. And so she cross-examined and was asking him when he became so afraid of his own citizens and all that kind of stuff.

And she's a Bitcoin or two. She knows what's up. She's been debanked already for using Bitcoin. She comes to, we have like a local circular market, but she's great. Now, when it pertains to this movement with Bitcoin, while I was at the event, I became privy to a document that I had not seen yet. So this is from the Alberta Prosperity Project. Nathan, how would you describe the AP? in relation to like the separatist movement.

It's basically like a nonprofit education wing that allows them to organize and fundraise and kind of get all these events and things together. They're the ones that have been pushing this Alberta independence for a while now. They make some amazing strides and gains. Yeah. Yeah. So I was there and actually I ran into another kind of Bitcoin adjacent friend there and she was like, have you seen this document that they put together the APP? And so this is the value of freedom, a draft fully,

costed fiscal plan for an independent Alberta. And so it goes through a ton of different things. Yeah, I'll, uh, hold on one sec here. It looks, it looks very official. I'll, uh, there we go. Okay. Yeah, so this document, yeah, the value of freedom draft fully costed fiscal plan for the independent, an independent Alberta.

It goes through like a ton of different stuff. So, you know, like what kind of revenue is available, estimated cost for replacement of federal services that. we do currently use the pension plan transfer, like, how do we do policing? Like what are we going to have to pay to replace? All that kind of stuff. And the interesting thing that was showing to me was, of course, we got to figure out a currency.

And so when you go to page 22 of this document, anybody can look this up right now too. Currency considerations and discussion. And so what they came to was following its independence from Canada and Declaration of Sovereignty, Alberta, introduces the Alberta dollar and its national, as its national currency to cement economic independence. To facilitate a seamless transition, Alberta temporarily adopts the U.S. dollar, capitalizing on its global stability while developing the ABD's framework. The ABD would partially be backed by a newly established gold, Bitcoin, and oil reserves, gold for its international recognition as a store value, a strategic Bitcoin allocation to embrace

decentralized finance, and a newly established strategic oil reserve leveraging the province's vast oil wealth. The oil reserve securely stored and transparently managed, bolsters the currency's credibility by tying it to Alberta's energy dominant sector, as well as together this backing of gold, Bitcoin, and oil basically positions it as a stable, and innovative currency. The interesting thing, too, is that Alberta already understands kind of the play between energy and Bitcoin, too. So, like, if we had a Bitcoin backed currency, the energy sector could be adding to the reserves

because if you've got oil and gas wells, you oftentimes have just like methane and shit that you just like vent into the atmosphere or you got to burn it or whatever. flare it. You can capture that gas, use it for Bitcoin mining. It reduces emissions and you get paid to do that. And then you could be adding that into the country's reserves. But I was kind of shocked to see this as an official document released by the APP. We saw some hints of it a couple weeks ago that I did share on the show that I pointed out, but it was nothing like super official. But there's this guy, David Parker, who is a big player kind of in this separatist movement. And he said it will be useless to create the Republic of Alberta if we continue to use government

money. The new nation of Alberta must have sound money. That means a currency backed by reality, not by a government's provinces. A possible basket could be oil, gold, slash silver, and Bitcoin. And Jeffrey Rath, who was the lead speaker at that event. And I mean, Nathan, how would you position him in the separatist movement? Definitely kind of like the leader, but definitely the loudest voice and one of the most

involved, a lawyer heavily involved in the ABP. He's the one that directly went down south and I've already met with the Trump administration as well, too. Yes. Yeah, exactly. And so it's, yeah, it's very interesting to, kind of see this playing out. Now, Rob, I'm going to get your takes on this,

but I want to pepper in a couple of the American side of things that are coming in here because we had your Treasury Secretary basically saying like, oh, we support Albertans being independent. I'll play you the clip here so you can hear. Northern neighbor. That's even with all the oil and the natural resources coming out of Canada. Texas is still larger. Well, look, Alberta is a wealth of natural resources,

but they won't let him build a pipeline. to the Pacific I think we should let them come down into the US and Alberta is a natural partner for the US they they have great resources the Albertans are very independent people rumors that they may have a referendum on whether they want to stay in Canada or not sounds like you may know something up there what people are saying people people people are talking people are talking people are looking people want uh sovereignty they they want what the u.s has got because when i when i look at europe how how can they have sovereignty they don't have immigration sovereignty they've let their borders be overrun they don't have economic sovereignty they are dependent on china yeah and

speaking of china uh of course we've had our uh our prime minister here in canada remember when you asked who you can have them kidnapped Yeah, there you go. This is the guy, Robbie, if you need, just send in a quick seal team right here to this guy. Anyways, he's been screwing over kind of our relations with the U.S. in terms of trade and instead meaning with China. And so we've got, of course, Trump kind of threatening 100% tariffs on Canadians if that deal goes through. So I'm going to kind of, I'm rambling a whole. whole bunch here, but I do want to get kind of your reaction as an American to Alberta trying to get the hell out of Canada, potential Bitcoin back currency, the chats with the U.S. here. What's your feel here? This was a wonderful 12 minutes of a fantasy novel that I greatly enjoyed hearing. And while you guys are very chipper, nice people, you love your Bitcoin, you'd love to be free. here's what I hear as I'm listening to all this.

First and foremost, we are the, we are slaves to the nations that we live in. We are, they're slaves and they like our tax dollars. And the idea that like firstly, no nation across the board, they all want their customers and they want their loyal customers who are locked in there and paying their taxes. So across the board, there's not a single government in the world that wants any, they don't want California seceding. They don't want anyone seceding anywhere. They don't want that happening because that's bad for their business, which is you're stuck here using our currency and we're going to tax you.

It's the idea that you're just going to leave Canada and no longer have to pay taxes to Canada and then also take the rich oil reserves and Canada's going to be okay with it. It's not happening. Now, what you're flirting with, which is interesting, is can we break up with Canada and be married to the U.S. and basically switch teams here? Can we partner with the different mob boss, all right? And maybe the way we do that is we're going to actually sell all these things down to the Americans and build the pipelines. They're going to back us. Canada's not going to be okay with that. So you know what's really going on here?

This sounds like Donald Trump, very aggressive negotiating moves of, I guess the, are we talking about the Keystone pipeline that that was supposed to go through this area? And that got shut down. All right. So this is the Donald Trump show for leverage of, hey, guys, if you don't start approving these things, guess what? Alberta is going to succeed and we're going to recognize it. but listen, I've been wrong on things before, but this all sounds like not going to happen. Yeah, I love it.

Do me a favor. Go back and check your asshole and make sure the prediction is correct. The thing that I think that gets lost in this is the, and again, it comes down to the actual the practicality versus like even necessarily the legal as well too. But if you remember from when we were a little bit younger, I think that, yeah, we would have both been a little bit younger at the time. Quebec already set the precedent for this. So the Supreme Court standing of how a province can leave Canada and exit confederation

has already been established in the courts of the rules of what they have to follow. Now, the question is whether or not Canada is going to actually recognize that if we follow through is a different question. I love it. I fully support this. I think it would be awesome if there was less gay Canada. I think that would be great. Here's the thing about Canadian, you guys rule every time I go up to Canada,

I can't believe how friendly and energetic everyone. It's like everyone's on speed. I'm like, how do you guys have so much energy up here? Like, even like you guys dart around like the family guy cartoon of the way Star Trek is. Like that's the way you guys move. It's like chaotic motions and you're so friendly and you're so chipper. And I'm like, how are you people suckered by socialism? That's the way I feel. I'm like, you guys are so nice. What happened? Who abused you that you guys are so, that you're so

suckered? So listen, I think Canadians are great people. And I think if you got this oil province and you can break off from all your other nonsense, that rules. But the idea that other governments are going to be okay with it and the idea of people living in the territories that have vast wealth declaring, hey, this is just ours and it's no longer the nations. I mean, how's that going to play? Firstly, if you guys do secede and you got all the oil wealth in your area, like, can New York succeed and just claim the gold? I mean, it's probably not in. It's probably not there. There's nothing there. Let's just imagine that it is there. Like, could New York secede and just be like, well, that's our gold now for keeping all the feds gold because it was in New York?

Alberta does own, like the province itself owns the resources they're in. So it's like it's not the Canadian government. It's not like federal property. It's it's provincial property. But there's shit deals right now where they basically say like, oh, you guys have a, it'd be like if your richest states had to socialize their gains out to poorer states. That's basically what we've got. They siphon off our excesses and then, and then, you know, siph them off to the east and pay people to live in places that there's no industry.

So you guys have a shit deal with the rest of your country and the rest of your country gets us say in how you're selling the oil. And so this kind of sounds like a leverage play for, hey, guys, we want a little bit more control and a little more economic development. Now, just pure ADD. if you are putting the oil into as I guess a part of the reserve currency doesn't sound like a great foundation for capitalism because it sounds to me like you're nationalizing the oil reserves or least they're buying some up at some point and even to that point like I think this is a step in the right direction but I have two things one they'll probably

really appreciate I'm very apprehensive about like let's just say we pull it off we pull it off it's magical right we see the prediction coming out we pull it off and we see but we go to USD temporarily right That does scare the shit out of me. Because Robbie, as you may or may not be aware, I'm pretty sure you do. The dollar system doesn't like people leaving the dollar system. It's kind of a club that you can come into, but not really one that they like when you kind of skirt around. I think of Libya, right?

I don't really necessarily want to have such a situation pop up here. But the hope that even if we never had, even if we just were on USDA, the biggest hope that I have for the province would be just no cap gains. Just no cap gains on Bitcoin, gold, don't care. And people will just naturally gravitate to whatever currency they want to use. Most people will probably end up using USD. That's probably where they'll go. Because it's way better than staying on the Canadian dollar,

even with all the downfall it's had recently. So hopefully we can just sneak something like that past the goalie where people can just use Bitcoin for commerce. I think it'll naturally grow over time. I want to throw in some fun reporting on some of this stuff too because the people that are kind of watching this are not fans of what's going on here. So Jeff Rath and a number of people that are kind of on team Alberta have chatted with the Trump administration openly.

People have known this. There's been people reporting on this before. But the financial times dropped this just when was this today? No, yesterday. Exclusive. This is exclusive, guys. exclusive, the Trump administration held covert meetings with fringe separatists from the oil-rich Canadian province as a rift deepens between Washington and Ottawa. And again, like Rachel Parker, she's great.

But anyways, how is this exclusive? I've reported this on this extensively. Everyone knew about it. Again, this guy, the fringe showing the group here. Are they covert if we all knew about them? But like this is this is the reporting on on all this. You know, Canada's not doing great economically. There's plenty of things going on here that are kind of screwing us over, including, you know.

That guy in a cowboy hat? Yeah. Yeah, that would be Jeff. But like he's he's the one who's who's kind of like championing all of this. And then, you know, what we're getting federally is a breakdown of relations with the US and trade. But then we have our Bank of Canada, which we're already economically screwed here, that is trying to point the blame at Trump for our economic woes instead of just

horrific, horrific policy over the past decade. So, yeah, I mean, it's... This paints a more promising picture for you guys that if you become a totally failed state, then maybe your massive government overlords won't be able to dictate that Alberta can't go independent and, you know, create its own terms. But the rest of your country is going to fault a shit. It could be the Soviet Union all over again. That's like the minor white pill that we have there. And even just to like outline this too, you're absolutely right in the sense that Trump will totally play this to his favor as a negotiating chip, whether he's in favor of it or not.

But Canada's gotten so bad. Not only do we have like this shit going on, you have most important We're poorer than the poorest states by far. So every single state in the U.S. is richer than Canada. Well, you guys have had growth over the last 10 years. We basically had none. Like, Robbie, it's a bit of a weird tangent, but like, it's gotten so bad here. We have medical assistance in death. Have you heard of this?

They'll pay you to die. Basically is that the Canadian healthcare system is so goddamn atrocious that sometimes you can't get treatment, but they'll offer to kill you. So about 1 in 5, 18% of Canadians die from euthanized by the state. And even last week I was reading that we had the first instance, and I'm sure it won't be the last, someone who had like power of attorney for their, for their spouse, they said no, but the spouse got them re-evaluated and they were euthanized by the state. So we're already at the point where the state is euthanizing people. Do you get like a menu of death options? Oh yeah, go right into the suicide booth.

It's just a suicide booth. You can't like death by heroin, death by like, they don't give you some options of how you want to pass. old school electrocution, shot up back and shot. Yeah. Top holding hop off. You guys kill at what's the average age of a person being euthanized by the Canadian government? It's got to be up there.

The average age of death is somewhere on 80, but even just recently there was a really controversial case because we had a guy who was 26 who for he had like chronic pain and depression. But multiple doctors were like, no, we're not euthanizing a 26 year old for depression. This is a really bad idea. But he just kept shopping around until he found one doctor. that was like, yeah, totally, I'll sign off on that. Yeah.

Now, again, heroin and Coke are basically legal in Canada, so they might be fine with that. It seems like a reasonable way to go. Just doctor-administered heroin. Yeah, yeah. It's an interesting time to be a Canadian, but, you know, I do want to kind of, you know, we'll table a little bit of the Canadian-Alberton rift here.

And I do want to, Rob, I want to get your takes on kind of some of the, some of the broader things that are happening, in the U.S. and outside of it. But I was going to bring up and I'll get the tab here. Nathan, did you want to maybe touch on this? You had thrown this in here and maybe I'll just punt it to you for a second if you wanted to touch here. No, 100%. So we've got Trump basically posting on Truth Social that they're moving into, what is it? They're moving the aircraft carrier, Abraham Lincoln moving towards Iran right now. It seems like we had a lot of saber rattling going on with Iran and kind of constant.

tensions in the Middle East. I don't think the American public has an appetite for any more conflict over there. But Rob, I really want to get your take on this in terms of if you're looking at possibly more escalation in with Iran in the Middle East, or we think this is all just kind of maybe geopolitical posturing or just saber-rattling. You know, Donald Trump's a wild card and he likes to put on a show and he likes to ramp up and, you know, apparently we run Venezuela. We're invading Greenland. He likes to make grand claims and then just slowly walk away from them. I recently covered this on Run Your Mouth,

my circle of Donald Trump, where it's make a great claim, walk it back, pretend you're negotiating, move on to something else. And right now, and then basically what does, he just pivots between the topics.

All of a sudden, he's worried about Ukraine again, and then he goes, we're going to get a deal by next week, and I'm going to pressure Zelensky. And then he just pivots to something else. It's just total ADD, making sure everyone's tuned into the show at all times.

He doesn't realize that no one actually cares about presidential television ratings. He just doesn't know that, all right? He knows television. He knows keep people clued to the screen. I think Donald Trump is very excited by the idea of if he can do targeted strikes that makes for good television, such as what he did in Venezuela of, look at how powerful our military is. I can go anywhere in the world and I can grab a leader. And he, I guess, successfully struck at Iran the first time and then claimed that they no longer have nuclear weapons. It was ridiculous. to claim that they were within a breakout window. We don't know where they move the enriched

uranium to. And after this single strike, they're no longer within that breakout window. None of that made sense. But that was his claim was they learned their lesson. They're not going to do nukes. Now it's six months later and he's already going back to we have to keep them from getting nuclear weapons. So he's contradicting what he had stated earlier. My guess is Donald Trump would love a show of force to just go, look, we're America, we're strong as shit. Look at what we can accomplish. And I think the reason it didn't strike the last time was Israel basically called them up and said, hey, we're not prepared for this fight. And I'm going to guess that even at the moment, people are letting him know that they can hit our bases. And unless you want to do a full invasion

that the American public will hate and is going to be a disaster of a fight, this is a bad idea. But I think he's flirting with it. He wants to exert pressure. And I'm sure he's looking for a way that can do another fireworks show such as taking out the bunkers in a more mitigated strike that maybe you can even coordinate with Iran that they're not going to push back like they did the last time where they gave advance warning. I just call it war theater

where for some reason these people seem to be able to coordinate on what strikes are allowed on each other that they won't return and escalate. So listen, I'm rambling here because the answer is I don't know. Donald Trump doesn't know, all right? I'm curious that even just quickly, because not everyone is an autistic libertarian like we are. The Venezuela strike, what was kind of like boots on the ground general sentiment about it?

Would you say like most common people kind of in favor of what happened there? Or is there still kind of hesitation or concern? I think you're talking about just average American. Yeah, average American, yeah. Yeah, well, sadly, I live in a feedback loop and don't leave my apartment much other than when I talk to Dave Smith on a podcast and we mostly agree on things. So I don't know what, listen, I think Americans do like winning. And I think that the war machine has a problem of that we're 30 years into failed wars since World War II. And you can argue that the actual military engagements were successful, but we hung out too long to print profits for our deep state and our, you know, war manufacturers, the military industrial complex.

But Americans don't want more war. And particularly they don't want more war when you had a guy talking about. America first and fixing our country and they don't really see how this pays dividends here. No one sees it. Nobody sees the pitch. Nobody's that concerned about Iran striking the United States of America. Nobody wants to spend more money supporting Israel. So there's really not much of a pitch. And I think on the Venezuela thing, yet some idiots that were really excited of, yeah, we're going to go steal another country's oil. I put that at 30% of dumb Republicans who are like, hell yeah, America first. If we can steal something, let's go steal it. And then 30%, it's like

it's like, this is stupid. You're flirting with wars. Another 30% was like, even if you're going to steal someone else's oil, that's not really moral. And at the end of the day, I don't think we're going to get a lot of oil out of Venezuela. From what I understand at current prices, it doesn't really, it's not quite profitable. And the investment that you're looking at from companies to go back in there when they've gotten cheated out of their investments before, Exxon said we're not interested. So, listen, Donald Trump apparently runs that country. So we're still not even sure what that means. But for this idea that, you know, we're going to seize the oil wealth of Venezuela,

I don't even think we're going to broker a deal to send companies in there and start extracting it. No, fair enough. Speaking of fun controversial topics, Ben, do you have anything else you want to ask? Yeah, actually, I'm curious as a Canadian looking down from the ice wall and seeing the cluster fuck of everybody with ice and the counter protest to ice and all this shit. This Alex Preti, is that how you say his name? Alex Preti, the guy who got shot there that is now deceased. Again, I've kind of watched and I've seen the clips and I've seen the shortened ones of when he's pinned down and

you know, get shot. And then I've also seen the clips of him kicking out taillights and, you know, you know, being, being provocative before that. I think myself and Nathan both de facto aren't fans of the state, but there's also this, I mean, like, okay, you look at the Canadian protests. there was a ton of people. Yes, it was like disruptive, but like also it was pretty, it was pretty like respectful. Like and when anybody was out of line,

you know, actually causing trouble, most people there were like, fuck out of here, man. Like, what are you doing? And, and so when I see somebody like kicking out headlights, you know,

coming down, armed and in that situation, I don't like that that person got shot by a bunch of people, but I'm also not surprised that it happened. So I'm kind of just curious your general take on from what you've seen with that whole situation. Well, firstly, Canadians are so funny where you guys, yeah, you're not being polite, eh? This fucking United States of America are a bunch of dickheads down here. You go up to Canada, everyone's all white and friendly.

It's not that's not our culture down here. You just go, just go over to Buffalo and see how much less tamer and friendly they are versus Canada. I think, listen, it definitely adds some context. We previously didn't have that clip of that altercation where he spit on a cop and then was kicking out the back tail light, which clearly indicates the fact that at least in other instances he was there as, you know, an agitator or a provoker, whatever language you want to use. Now, I think that the problem is in the clip of where he was shot and killed, it lacks any context to suggest that at that time,

he was doing something to actually provoke the police or had done anything violent towards the police. All of the videos from the earliest one I've seen, which is a car driving by, he's standing on the side of the road, he's got his phone out. I'm sure he's there documenting what they're doing. maybe he's yelling obscenities, but cops walk over, they violently shove over a lady. He put his hand on a cop, which is a mistake, particularly if you're armed. This guy's not a bright guy, all right? These are stupid decisions.

You probably shouldn't go out protesting with your gun. It's legal to do it. It's probably not a good idea, though. And so, but anyways, he's there, sees a lady get pushed over. It looks to me like he puts the hand on the cop to be like, hey, that's enough. That's a lady, more of a trying to break things up type deal. I mean, the idea that this guy was there to kill a cop, he had a gun on him. If he was there to be violent towards the cop, he would have punched the cop in the face.

So all actions would suggest that he was not there to attack or do something violent to, even attacking a car is different than actually, you know, throwing a punch at somebody. Don't spit at people. If you spit up people, you're kind of, in my opinion, asking to be punched and illegally, you should be allowed to be punched back. But there's a couple, like, the problem is, you know, ICE is there under. this claim of we're just going after the worst of the worst. Yet we have all of this footage of them seemingly harassing random individuals and racially profiling and asking for papers.

So you don't really have the presence of ice in the area as non-agitators. So you kind of have agitators on both sides. It kind of feels like ice went in there to provoke the situation and to create a bit of a storm and fury and provoke people. And then you got these people who are really upset who are in the streets yelling at them. So like, you know, both sides are kind of doing the same thing here. I wouldn't just say, hey, this is normal police activity and anyone out there agitating the cops, they have it coming to them because they're doing important work and, you know, you're just getting in the way of them taking a pedophile out of your neighborhood.

I think that their ice is also there kind of agitating and poking at the agitators. And you got these guys. They firstly, in the first incident, the fact that they didn't arrest him is insane. If the guy kicks out, but that guy should have been in. jail so he didn't have another opportunity. But instead, the ice guys got out and they beat the shit out of him. So, yeah, you left the guy on the street after you beat the shit out of him to have another interaction with.

He didn't learn his lesson. And then when you see that you disarmed, first he kicked the shit out of the guy, you disarm him and then you shoot him. And that's not a good look. That doesn't look like the first one, I argued when that lady got into her car, disrupted a police activity and then drove off. In my opinion, you've now turned your view. vehicle into a weapon.

And even if the guy, even like it happens to me she did hit the officer, she did drive towards the officer. I don't think that guy needed to kill her. I think it would have been a better call to let her go and round her up later. But I'm just saying once you turn your vehicle into a weapon, I think you are justified in killing that individual. If you've got a guy with four people around him who are supposed to be trained law enforcement and you've disarmed him and you shoot him, unless he was walking down the street before and

saying, I'm going to kill you. I don't know how you justify that. So, listen, like, everyone's kind of in the wrong because they're being idiots. I think ICE is being idiots in the way that they're going about trying to provoke the city. And I think that the agitators are out there also being a bunch of idiots. And maybe we find out that this guy was a part of some Antifa network with more nefarious intent. And he did have a comment to him. But I think at the moment, that killing was pretty horrific.

And the American people don't like seeing that kind of stuff. Yeah. I was just a quick question. I was trying to go through in my head about the reactions of of people on on either side in two different instances. And I know they're kind of very different instances, but one is this example of Alex Prattie coming out armed to a protest. It's a, it's a tense situation showing up armed. And in this case, a lot of, you know, let's say a lot of people on the right were like, yeah, Well, yeah, you show up to something like that, then you're putting yourself in danger.

That's a stupid idea, absolutely. But then, you know, when you see like Rittenhouse, that was kind of celebrated, right? You're showing up pretence to, I know it's different, but like. Here's a difference with Riddhouse also an idiot. Didn't have good enough parents to be like, hey, you can't go to these areas that are in chaos. No, you're not a cop. And if the cops aren't going to do it, this is not your role in society. Rittenhouse saw businesses being destroyed.

I think he joined with other people and they're like, we're going to go out there with guns and we're going to protect these businesses. Now, that's a dumb 17-year-old decision. Now, in his head, he's trying to do something noble, but also it's like, you're not really trained for this. This is not a good idea. You're going to end up in trouble. That kid was attacked.

And that was, I called it Riddenhouse's run. I mean, that was like Eli Manning when he beat the Patriots and he ducked and weaved and got that pass off. Whoever saw anything that was that, like, kid in the Matrix-type deal of dodging and weaving, ending up on his back. So, listen, that kid was an idiot for being there, but he went there, you know,

doing what he thought was good. And then he was attacked by people who were dumber than he was. And he was actually very good at using his gun when he was being attacked. That's a lot different than unarmed person being killed by law enforcement, which should be trained to handle a situation better. and escalated the situation when they shoved over a lady, which I don't know how you justify them shoving over that lady. It doesn't matter what that lady was doing.

They literally walked over and mosh pit shoved over a lady. So in terms of escalations of like who kind of did the first move, at least from what we see on camera, it's the cops. And the Rittenhouse one, he didn't, I don't think, from what I remember,

Riddenhouse didn't make the first violent gesture. He was attacked and shot back. Yeah. I agree. I actually going to ask you, Robbie, too, because my tinfoil hat is glued on real tight and I have a hard time getting it off sometimes. But there's something about like the ice controversy

and protesting and everything that's going on right now because the practicality of actually like deporting was like 40 million illegals in the US is kind of undueble. This feels theatery. This feels distraction. It could be midterms thing or just a show of force to try and curry favorite the base,

increase polling numbers. But there's something about that feels off to me, but it could be completely just nuts on that one. No, I think first, you're 100% right. Donald Trump is all about theater. and the idea of, like, listen, I don't think we need to deport 40 million people. That might be the total amount of illegal immigrants in this country. I think that, honestly, the coverage over illegal immigration is dishonest because I actually

think big business relies on illegal immigrants for labor. We should probably figure out how to legalize that. It's a little bit stupid that government pitches us on governing and then just creates like these little legal loophole areas of things that they don't. want to actually deal with, but I don't know that Americans actually want prices going up in line with having no foreign labor. And now maybe you want to say, well, we should figure out a mechanism for legalizing and what is the level of foreign labor. And yes, government should do that. Government should work with big business and figure out how many people we actually need working here

and then, you know, having the paperwork and making sure that they're here legally. I do think that there was a effort under the Biden administration, which should be investigated, to bring as many people over the border as possible. Now, I don't know what their agenda wasn't doing so, but I think that it was intentional. And let's say on the upward side of it, there were 20 million illegal Americans in the country before Biden, and let's just go with that another 20 million came in.

These are estimates, but let's just go with that 20 million came in. Okay. In my opinion, we need widespread deportations to correct for that and to change the incentive structure. So in the future, if you've got a liberal government that just wants to let people come in, people are taking a risk assessment that, oh, there might be a Republican after this,

and I might go on this treacherous journey, I might actually get to America and be deported two years later. So I do think that we need a level of deportation. And I also think that there's other efforts that can be made to just make a living here illegally less hospitable so that more people want to self-deport. I think the idea that we're going to deport 40 million people,

I don't even think that's necessary. I think five to 10 million would probably cover the, let's just say 20 million came in over Biden. So if you get five of the 25 so that you're creating a 25% chance that if you sneak in, you're being deported, that might be enough to keep people from wanting to come in. I don't have perfect math on this. But I'm, you know, and so the idea of going into the most hostile territories for rounding people up as being the most efficient way to do it is ridiculous. And I think it was more after the fraud story came out, which by the way, take the FBI and investigate all the fraud. Go investigate Tim Walls. Like you could have such a show of force that the American people would back you up on 100% of, yes, we are against fraud across the board. And

particularly when it's being orchestrated by people who shouldn't even be in this country illegally and are sending the money outside of the country, that's where the show of force should be, is daily press conferences of unwinding the fraud. and then arresting individuals who were engaged in that fraud, which no one will object to. But when he decides I'm going in with ICE into this territory that the people are not all that enthusiastic about, and then pretending that you're going after targeted individuals

while you're going through the streets and asking people for papers and stuff, yeah, I definitely think Donald Trump was trying to do a show of force. And in classic Donald Trump fashion, he didn't have much of a plan, and so now he's just backing down. Because in his head, it's always just going to be the best case scenario of,

oh, I guess everyone's just going to stay home and just go, oh, yeah, ICE is here, even though we hate them. And then we're going to round everyone up, and then they're going to love us and thank us afterwards. You know,

it's just classic Donald Trump. Let's just go with the grandest, greatest scheme ever, pretend like it's going to work out. And then when it does, when Greenland doesn't call us up and go, yeah, you own our country now.

Then you just walk down and go, oh, yeah, I guess I was just talking shit. I was going to say, I think the administration needs you for marketing and messaging, and I'll definitely take that ass for a polymarket at some point in time. Ben. Perfect.

I mean, I think I was going to round out there. I think this has been a fantastic conversation. I really enjoyed chatting with you, Robbie, even though you don't believe that we'll become a free sovereign nation with our oil reserves. I didn't realize you're shifting the conversation taking place in my rectum at the moment. I didn't realize how much of a failed state Canada was, which I guess makes that a little bit more promising. But I just see the way of playing out of if Canada's going through a disaster and Donald Trump isn't really getting along with Canada because he's trying to bully you guys and your stupid socialist government doesn't want to go along, which I get, you know, fuck Donald Trump. We're our own independent country.

You can, you can party. Like the tariffs on Canada were stupid. It was mostly on energy stuff, which we needed. It literally didn't make sense. It was not in our interest. From what I remember, that's the problem is with Donald Trump. It's so ADD and you research a topic for three days. And then he moves on and you're like, oh, I'm an expert in something no one cares about anymore.

But just think about like the way that it would play out. So if Canada is really having a hard time and Donald Trump goes, well, we get along with this area. So we're just going to partner with this area. I feel like the rest of the world is going to be furious with that because people don't like the idea. Because think about like every other country starts getting nervous about. their slaves. Wait, so are the slaves in X region that have blank resource just going to partner and selling it with Donald Trump and pretend like they're their own country? I mean, no other country wants that because they need their slaves. They need their taxes. And they don't want the idea of,

wait, no one even had to come in here and conquer our country to seize whatever natural resource was here. Like, think about every country in Africa that could, that would follow suit with a bunch of people just claiming blank mine and going, oh, we're going to go on the, like, would be great for America. Donald Trump will be on the news every day going, look at how much everybody loves me. They all want to declare allegiance to America and just send us the resources.

But I feel like every other government's going to raise hell over that. It probably looked like a fourth turning, wouldn't it? Well, it would be interesting of cartels seizing resources from their own country and then aligning themselves with the United States and just sending over the resources. Hey, maybe Donald Trump does have, maybe this was 40 chess all along. He has a good plan. Maybe just got a horseship.

I'll tell you what, I'll bet you a pint in a stake for the next time they were in the same city that we both get the vote, the referendum vote for the end of the year, and that we pull it off. And just in case I'm wrong, don't close the northern border just yet. I'm going to have to hop over Montana. Wait, but your bet is that you guys actually pull off a secession by the time you and I, like, you guys are going to be your own independent country by the time you and I end up in the same area, which I don't know when that's going to be. So why don't you put on a one-year date? Exactly. By the end of the year, whether or not it goes through, but at the end of the year,

the province will have voted to secede. Well, voted for secede. It's in your interest to vote to succeed. That doesn't mean that it's going to move through. That's a different gamble. Execution is harder. I can only guarantee vote. Yeah, I mean, it sounds like it's in your province's interest to take the oil wealth

and secede. So I don't know why you guys wouldn't vote for it. Socialism, commies, It's the whole like, what do you call it, Stockholm syndrome? But does your territory not have 200,000 of four million people sign a document? That's only to get the vote. Then we have to get 50% plus one come the fall.

So you think 50% of Alberta, it wouldn't be interested in just saying, hey, let's be our own country. The communism runs really strong in the cities. Interesting. Yeah, I don't know enough about Canadian politics if you get your 50% plus one. We've got to get you up here for a comedy show at something. It's a long drive. Amazing. Well, again, Rob, this has been fantastic. Let's point people towards all your awesome stuff. This is your YouTube channel. Robbie the Fire. So make sure everybody go subscribe, check up everything that's been going on over there. What kind of stuff do you do on here so people know what they're doing?

Yeah. So if you want more of the information I pull out of my ass, I got the Run Your Mouth podcast and comes out at the moment about twice a week, kind of It depends on how much I'm touring. And then the most recent comedy project I put out is up at the top. It's that series porching, which was a mockumentary of my porch store, includes some stand-up. And I don't know that they were so widely watched, but they were well reviewed by those who took the journey and checked it out. So go ahead and check it out. Amazing. And then your website?

Oh, yeah. I mean, my website, I'm building it out and trying to get all the content there so that it's all on my page hosted on my servers. that the internet can uh i went through covid and got repeated strikes on my channel so trying to keep all everything on one site um and i'm still working on that but all of my content does stream to my site i prefer if you watch it there versus being on youtube twitter anywhere else and uh i just started basically i do about an hour on the episodes and i started doing the last 20 minutes where i get a little bit more conspiratorial or i criticize people i wouldn't otherwise criticize publicly and so that's paywalled at five bucks a month.

If anyone wants to support, I will gladly take your support. Amazing. Good, I would like to. Bitcoin payments for that too. Beautiful. I would like to.

I would prefer to hold it in Bitcoin than cash. I'm okay with that. Because I don't have to like think about, oh, do I want to buy it at this level? If you just hand it to me at that, like I prefer that, you know,

to dollars. That's cool. All right. We'll get you set up then. We'll make sure it's possible. Awesome. Robbie, thank you so much for taking the time.

This was an absolute blast and we'd love to have you on again sometime. Please, hit me up. This was fun. Awesome. We'll cheer up. We'll talk to you soon. Later, pal.

Later, dude. Awesome. Amazing. Nathan, we're not done yet. We got so much more to still get into. I love having that conversation. Rob, he's just like, I love talking to the libertarians not exactly in the Bitcoin tent right now.

Because we just have a wonderful insight in the position. Again, there are peers. They're our brothers. We want to make sure that we're spending time with them as well. But, man, do we got some things to talk about? Did you see that, and someone lost 40 million in Bitcoin? Yes, indeed.

I saw a very prominent person who lost $40 million worth of Bitcoin. There is also something very interesting that happened today that gold, gold had a magnificent. Now, it's come back, but, you know, the people often talk about the volatility in Bitcoin. Gold dropped enough to wipe on. wipe out more than the entire market cap of Bitcoin worth of value in minutes. An hour. Within an hour, the entire market gap of Bitcoin was wiped out. Yeah, that's pretty wild.

So we're going to come back. We're going to chat about a whole bunch of stuff that's happening market-wise. In just a moment, we're going to say a quick shout out to our sponsors. So stick around, drop a like on the video if you've enjoyed the conversation. We'll be back in just a moment. Bitcoin Well is the best place to be buying and selling Bitcoin in Canada and the U.S. 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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Learn more at abundant minds.com slash sessions. All right, back in. And here's that chart of gold today. Now, again, it has come back a little bit. But yeah, this graphic is an hour candle, if I'm not mistaken, an hour-long candle. And that is the entire market cap of Bitcoin, two trillion, more than the entire market cap of Bitcoin currently.

of course, dippy dip today. But, but yeah, two trill. Two trill in Bitcoin, and two trillion in gold erased there. Here is currently, so obviously, snapback here. Nathan, any overarching reason you believe that this may have taken place? I think this is geopolitical tensions, right?

Because we saw, I think Bitcoin was slammed down as well, too. I think there's some other assets as well. I got to go back and double check. But to me, like, that, that is, like, that's an aggressive move for gold. Like, that is really aggressive. So either someone got way out over those keys and got liquidated, liquidated. We got some weird sort of paper gains, paper game, God damn, paper games going on. There we go.

I didn't have enough coffee yet today. But it's very, it's very unusual to me. So it feels like there was some quick panic or somebody made some big mistakes there in terms of betting long. But realistically, like, I find. that a little bit concerning like gold tends to be kind of move first bitcoin move second and so to see that kind of movement in gold price in one hour intraday is really really makes me kind of uncomfortable that like somebody knew something or we're seeing a little bit of panic here that makes me feel like this is a little bit topy like that we're firmly above like where it's looking at like 5400

canadian right now yeah like gold's been on a massive run and to see so much of that get wiped out so quickly than to bounce back. It's definitely definitely a little bit of Canadian man. That's I'm looking at the Canadian price beside me here. What do you got for the USD? Oh no, I'm looking at the USD? Oh my God, it's even higher than I thought. Like 10,000, 20,000 Canadian Moose Shackles would be far

far more. My God, what a joke, what a joke, man. Yeah, yeah. Now on the gold front, in comparison to the U.S. dollar, this is interesting. Simon Dixon, been on the show a number of times. Let's go back to the original tweet first. He said the financial industrial complex loves Trump. He was the right hire to

accelerate a multipolar world order, make America regional again, sacrifice the dollar's world reserve status, and pump their bags in the process. Great job. And it shows institutions are reducing dollar exposure and you can see dropping over time, but especially in the past few years and to the original quote here. He shows gold has overtaken the U.S. dollar as the largest global reserve asset. And here's larger on the chart here. You can see it peeking up and the dollar, their dollar's role in global reserves. I mean, yeah, I mean, we've been seeing this for a while. There's been a push to get away from using the U.S. dollar as a reserve. And we've been seeing it majorly in terms of, you know, the petro dollar on the decline, like people want to settle things in something other than USD.

You know, China's been dumping their U.S. treasuries over time, gradually scaling out. Like, we kind of see it all over. So I think Simon Dixon is spot on when he's talking about this kind of multipolar world. There's no longer like just grab the dollar. I think that's becoming less and less of a thing. And it's shown in this chart, just the trajectory here. Very interesting to see. The death of the dollar as reserve currency is not going to happen overnight.

We've been watching it happen over decades. But you get these little signposts every now and then, like gold ripping, like silver ripping. Like we're seeing that it's outplaced in terms of reserve status right now. Like even just I'm reminded of when Russia was kicked off the SWIF system. Like you'll see these little kind of ticks along the journey as we're going forward that they're all just leading to the same place. And in the multipolar world, they're not going to have the U.S.

in a multipolar world can't be the reserve currency asset, right? They're not going to be sitting in treasuries if the U.S. isn't the global kind of hegemont. They're going to start to switch to other things. And that's basically what we've been witnessing. It seems like it's accelerating a little bit. At some point, it might be, you know, that gradually and suddenly moment. Yeah, exactly. Now, on the silver front here, so James Check also, who's been on the show previously,

on Why Are We Bullish a few times, and you interviewed him as well, Interesting here. Sold silver at the dealer this morning for a 3X over 18 months. Cell thesis was simple. Silver chart is now parabolic. I received three messages in two weeks asking how to buy it. And gold silver ratio has hit lows where it historically peaks out. Every Twitter subcommittee is now a silver community topping stuff.

Some notes on the experience. I couldn't sell it yesterday because of. of public holiday in Australia and I lost a few percent points waiting for the dealer to open at 9 a.m. this morning. I also had to bust into the city, pain in the ass, lines out the door, all retail, all very excited to buy. Chit chat in the line was mostly retail folks bragging about how much money they have made since last week's buy, since last week's buy and why silver is now better than gold as an investment. Holy shit, guy. I'm reminded of a hunt for brothers, if you remember that story.

Yeah. Yeah, indeed. In shop, many of the buyers had no idea how to think about weights, coins versus bars, different mints, total noobs, or people who wanted the shiniest coins at whatever price. I was one of two sellers. Other guy was selling a fat stack of silver and clearly had been buying for a long time. Serious looking dude, too, sold 2% below spot price, so spread wasn't terrible. The whole experience was on 100x, more time consuming, less convenient, and with lower control than a Bitcoin transaction.

I couldn't sell when and at the price I wanted to. The spreads buying silver are heinous and glad the spread on the way out wasn't too bad. Bitcoin fixes literally all of the monetary properties here. Silver should be used in industry. Leave the monetary use case to gold and corn. Staying humble and stacking sats with the pro se. This description of his experience selling OTC like this, this was exactly my experience when I was working OTC in Calgary at a desk during the 2017 bull run at the top.

And so I'll describe it for those that haven't heard this story. but basically, absolute wild west. Exchanges existed online, a little bit more difficult to use. A lot of people wanted in person. And so I got a job at an OTC desk. And it was like a shit coin crypto type thing. And so I was on the path to, I never really had much exposure to anything outside of Bitcoin. I just didn't have, I didn't know enough, but I knew enough to have zero conveys.

and anything else other than Bitcoin. So, like, while I may have had some piddly other things here and there, I just never wanted to allocate, allocate much to it. And so think December of 2017, this was like near the absolute peak. We had gone from $1,000 at the beginning of the year to almost 20 at the end of the year. It ended up being, I think, the actual multiple, it was about a $1,000. 17 X that year. So it was like 1200 or something to 19 something. And so what I was looking at, a room with three desks where people were working. I'm at one of them. Every desk had a physical

money counter. The room was filled shoulder to shoulder with people. The people all had literal stacks of cash, sometimes in bags or whatever, sometimes just out all stacks of cash thousands of dollars sometimes tens of thousands of dollars worth of cash um the bank across the street ran out of cash because usually the playbook was somebody would go to that bank take out as much physical cash as they could get would walk in and come to us and buy not bitcoin but whatever coin went up the most that day so uh light coins at 350 dollar all time high, people basically kicking in the door, give me as much of that coin as possible and just slapping bills on the table and just buying everything in sight that went up.

No rhyme or reason. Nobody knew what anything was. This is mirroring exactly this experience of James Checks here where he's basically outlining all these people have no idea what the fuck they're doing. They're bragging about the silver that they bought last week. Oh, I made so many gains in seven days. It's an indication of the time preference of the people that are coming into the market right now. Yes. And so that's where it gets dicey. If everybody in line has had zero interest in silver prior and now they're all piling into it, they're buying because only because they saw the number go up. What happens when the number goes down?

What do they do? What has the experience of what they're doing now told you about what their actions will be in the future? And that's where it gets dicey because December of 2017, the numbers were going up on all the shit coins. And then the numbers started going down. And then it was just a panic cell for the exit. And I'm not saying that silver is worse than our horrible fiat currencies.

Those are king shit coins. I'm just saying that there is, it is bubbly. There are people getting, I mean, reading this. Yeah, there's a, there's a dynamic that's happening here. Nathan, what are your thoughts? I completely agree. The one thing that jumped out at me, and this is how we also know that we never had a bull run beforehand. So don't get me wrong, I am setting up people every day on Bitcoin.

And I absolutely love that part of my job. But these are well thought out long-term investors who quite know the idea of the story of value to begin with. A lot of them are coming already from precious metals or coming from real estate. And they've been in this area for a long time. This is going to be a little bit older as well too. But over 2025 and so far this year, naturally, I have not received messages. I haven't got any of these messages. They came back in 2021.

I haven't received any yet. So I received three messages in two weeks of how to buy silver. That for me was like the big heuristic, glaring red flag. lag that like you're near a top. I never got it from friends. I didn't get it from family. I didn't get it from like the cab driver or anything along those sort of lines. Nobody was interested in Bitcoin that sort of way. We never got that real to retail FOMO. And you can go back to the history of silver, I think of like the chart right here, that it does nothing for a very long time. Gold does the same thing as well too. It's had a unbelievably parabolic move,

right? And there probably was a lot of paper that needed to be washed out there. And I'm not saying it's necessarily not going to stay somewhere close to where it is. But this is very topy. we're probably going to be, what is it, the historic ratio of gold to silver is like 35. And that tends to be a bit of like the top in terms of the ratio or the lowest value in terms of the ratio because in terms of king monetary metal, it's gold. It's not silver. So I completely agree with James's sentiment. I feel very much the same about it. And I would expect to even see even Joe Consorti at the same point. I would expect to see rotation out of precious metals into more beta plays, stocks,

and Bitcoin in the coming months, particularly if we have some sort of like monetary event or some sort of fiscal issue. But we already got like Trump's doing the, I think I saw that the accounts are coming out now. They're doing like Trump accounts for every person born against like $2,000. It's basically a locked in QE buy button, right? It's just absolutely insane. We got the new Fed chair. I know coming up here soon as well too. Like there's so much on the horizon, but golden silver tend to sniff out what's going to happen. Bitcoin reacts to what does happen after the fact. And I think that, I think that rotation is coming to play. I think it's going to happen in the spring. Yeah. I'll read. I'll read one.

one more experience here from somebody Stoag trader. I'm sitting on a thousand ounces of silver bars, bought physical, did what everyone says to do, real assets outside of the system. When everything collapses, you'll be glad you have it. Try to sell some this week, trying to sell it today. Refinaries won't touch it. Dealers low balling 30% under one.

I mean, that's obviously not James's experience. So, you know, maybe he's not going to the right places, but banks look at me like I'm selling contraband. Turns out owning something, being able to exit something, are two very different skills. This is the same trap I see in trading. People hold positions they can't exit. Stocks with no volume.

Options with no buyers sitting on value that only exists on paper. Supply and demand, lesson learned. I wouldn't say that, again, value that only exists on paper. Like, I understand why Silver held a role in that over time. But I'm just saying like right now things are getting kind of frothy around there. And I think there's like a really important thing to put there too, right? Because he always planned on going back to Fiat. Yeah.

He always planned on going back to Fiat. And that is the big difference with Bitcoin. Bitcoin is the exit. You do not have to go back to Fiat. In fact, you ideally don't want to. And that's the world that we're trying to build. Because actually using like silver ounces or silver bars as money is both impractical, not feasible. You're going to take massive haircuts.

He needs to change into something that's more liquid in terms of like commerce or day-to-day use and a little bit more easy. in terms of fraction too. So even for these guys that understand sound money, their exit strategy still go back into dollars at some point in time. Bitcoiners figure out the real end game

is you never have to return. Exactly, exactly. Now, you mentioned the Fed chair. Oh, yeah. So this is Steve Lubka, but he's quote, quote tweeting Polymarket, breaking Black Rock CIO,

Rick Ryder leads the Fed Chair race on Polly Market and Steve Lubka of Swan. I can't believe we're going to have Rick Ryder, who is the CIO of BlackRock, who owns the wildly popular Ibit Bitcoin ETF as Fed chair. That's interesting. Nathan, how do you feel about this? I feel like Simon Dixon was right. This is just like this is more evidence that Simon Dixon was essentially right, that we have someone from, we have CIA from Black Rock.

So we have the financial industrial complex, that wonderful financial weapons network is now taking over the Fed. That seems fitting. That seems very fitting in terms of moving to this multipolar world and gaining more control. And who really pulls the strings? Yeah. Yeah, exactly. And despite this, the Bitcoin Fear and Greed Index, we're sitting at 26. Yep.

So, I mean, we're not down. We were, do you remember when we were down like single digits a little bit and not like a very low price? But the 80K and everyone was losing their goddamn minds. Yeah. The problem with that is we know we can get into. much deeper fear and we're at 84K. So maybe there's some room there. But yeah, I don't know.

We shall see. Nonetheless, I have no doubt with Trump looking to nominate somebody from BlackRock that they're going to want to pump their own bags. No. Yeah. That would be corruption. Exactly. Exactly. And I mean, this is the perfect metaphor.

for that, Lynn Alden, quoting PC gamer. Hasbro is being sued by its own shareholders for printing so many damn magic cards, quote, destroying the long-term value of the brand. And Lynn said, there's a lesson in that. So, I mean. Have Lynn back on the show. She's so lovely. Yes, yes.

Have, maybe have anything in the works? I don't know. Maybe. Maybe a Lynn episode. Can you lend debate? Can neither confirm nor deny? Can neither confirm nor deny that we may see Lynn again. Yeah.

Now, we do have one more segment, and it's going to start with a doozy. Somebody stole $40 million worth of Bitcoin from an entity that should have known better. You know them. You definitely know them. You definitely know them. We're going to talk about who that is when we get back. Stick around if you're enjoying the conversation, drop a leg on the video, and subscribe if you have none already. We'll see you guys in just a second.

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All right, we're back in. And this is, this is, I was going to say unbelievable, but entirely believable. This is exactly how I expected a government to handle Bitcoin. And yeah, so basically, David Bailey tweeting here, the son of the CEO of the company hired by the U.S. Marshals to safeguard the nation's Bitcoin. The nation's Bitcoin stole $40 million from it and now appears to be running. Treasury must secure the private keys from the Justice Department ASAP before more is stolen. He's quoting Zach XPT. He says, in case you're curious how John DeGita was able to steal 40 million from the

the U.S. government seizure address, John's dad owns CMDSS, which currently has an active IT government contract in Virginia. CMDS was awarded a contract to assist the U.S. Marshal Service in managing, disposing of seized forfeited crypto assets. It still remains unclear at this point how John obtained access from his dad. Yeah. And then, Okay, there we go. Meet the threat actor, John, who is caught flexing $23 million in a wallet address directly tied to $90 million plus and suspected theft from the U.S. government in 2024, the multiple other identified, unidentified victims from the November 2025 to December of 2025. Yeah, and he basically goes through and tracks everything on chain. It's pretty wild. But the crazy thing here, let's let's think of the implications of what's going on. because this is just clown world levels of lack of security. One person was able to gain access to keys to move funds,

which would indicate that the nation's, the nation's Bitcoin, is not in a distributed multi-sick. Are you fucking kidding me? Are you crazy? What the far is going on? Nathan, like, how could this have possibly happened? It was always going to happen, Ben. It was just a matter of time.

There's a reason. Why do we preach self-custody? Not your keys, not your coins, to take responsibility, to learn how to use the tools, to level up your security over time as you grow in confidence and you broaden your understanding. Because even when the U.S. government leaves it with a custodian, it's with a fucking custodian. It's only a matter of time. The FTX was not the last blow up. There will be another one.

Someone will play stupid games. there's humans that are fallible. You have rotation in terms of staff and employees. People make mistakes. I had a conversation with Christopher Hadnaggy. He specializes in social engineering and getting into places you're not supposed to be able to get into. I'm sure if there's somebody that can move it, there's somebody that can be gotten to. This was always going to be the case.

It's just outright embarrassing that happened to be the U.S. government losing it to. And again, it's because the kid of the CEO, which lets you know just how secure those practices are that that company like how how do i show that company yeah they have stuck how could they possibly be ever hired for another thing ever like i feel like they should immediately be bankrupt like they must that's unbelievable like the kids the the kid of the dude running the company was able to get his hands was able to through his down that access, 40 million of the United States government's Bitcoin stash, that is bat shit insane. What's very concerning and crazy here is that one thing that's becoming more and more apparent

to me, and guys, guys on the stream, the ones who understand, who go through the tutorials, who have played with the tools, who get this sort of thing, please inject yourself into these conversations or if you have the opportunity to talk to these companies. Because I have a sneaking suspicion that there are a lot of large companies out there that will be building or offering Bitcoin products and services that are woefully underskilled or underprepared and don't even realize it, right? It's that black box of information. You don't know what you don't know. Like I'm not saying this is the case, right? But how did the kid get it? It's like, were those funds sitting in a hot wallet or something? Like how bad was it that the kid,

the CEO's son or whatever could actually get access to it? And it would like again, not the, not everybody watching here today, but you'd be surprised just how bad people getting into the space who don't have a Bitcoin around their team, haven't been involved for a long time, will miss what is blatantly obvious to us. Yeah. This is a good segue, unfortunately. Speaking of, I feel bad. I feel bad, but it does need to be said.

It comes from a place of love and constructive criticism. It does. It does. What I'm talking about is I did drop a tutorial today. The tutorial was on Rumble Wallet. First, I'm going to talk about what I appreciate in regards to Rumble Wallet, and it's that it exists in the first place. And so it's coming from a place of we want to enable our users to be able to be rewarded for their efforts in a money that cannot be censored, and we want to bake it right into the platform. And they've definitely done that.

And so, you know, that that deserves a clap for the effort to make sure that people can be self-sovereign. And it is a self-custodial wallet. And so they've done a really good job there. However, and I recommend that you, even if you're not using the Rumble wallet, that you go take a peek because it can be educational in what to look for in your own Bitcoin wallets in terms of, you know, how does it function? Does it not have some of the features that it needs? And so here's the deal. First of all, this is a tipping. It's designed for tipping, right?

Rumble, like you create videos, people watch them, people tip. And so you typically think it's probably going to be small amounts. Somebody's going to send you a dollar or something like that, a couple bucks, maybe 50 cents or whatever. But usually a lot of time, it's small amounts. If you get something larger, it's great. but it's not the norm. And so what do we as Bitcoiners associate with small tips? Lightning, right?

Lightning. You're going to zap somebody. People on Noster, no, zap, zap, zap. We're sending fractions of a penny. It lends itself to small transactions very simply with very minimal fees. And this thing launched on chain. There's not even a lightning option. not like the default was on chain.

It's like it's only on chain. And so what does that mean as an end user? So when you have a Bitcoin wallet and you receive a bunch of small tips, the problem is that Bitcoin, the fees are not associated with the total amount that you're spending. You can kind of think of it like if you had a wallet with a bunch of bills in it, the fees are associated with how many bills are in your wallet. Okay. And so it has to do with how much data is your transaction taking up? And when you have more bills, it counts each one of those in the expenditure. And so when you receive a bunch of 25 cent tips and they all aggregate and all of a sudden you've got like a few hundred dollars that you're sending out of the wallet and you go to send it, the users are not going to understand what's happening, but they are going to get screwed when it comes to Bitcoin transaction fees.

are going to have tiny UTXOs in there. That's bad. There's another, unfortunately, really glaring problem with the wallet. And it's that your Bitcoin receive address is a single address. It's not an HD wallet where it generates a new Bitcoin address for each transaction. It is a single address. And it's just publicly accessible to look at it. at as well, which means as a content creator, anybody can take that Bitcoin address, which is

publicly available, go over to a block explorer, plunk it in, and look up the entire history of every tip you've ever gotten. Not just the tips that you currently hold in your current balance. They can see that too, but every transaction you have ever received. Not only that, but where did that transaction come from? Who sent it? All these things. Where did the money go Next, everything. Everything can be seen. It's a single point that people need to reference and they can see the whole thing. And I show this.

I give the example in the video. I walk through. Let's see what people can see of my wallet that we've been experimenting with. So it's again, I feel bad because like, you know, it looks nice. It is enabling people to have censorship resistant money. but it's very apparent to me that they did not have a bitcoinser in the room. It was probably a crypto person in the room. It was probably somebody that deals with like Ethereum and other coins.

And like in Ethereum, you have an address and you can kind of just see everything. And that's not how it should work with Bitcoin. It's there's very real privacy implications to that. So like you could go see an artist and maybe it's a new up and coming creator and all a sudden they get massive tips and they could be painting a target on their back. Not mention it's forever. It's forever. Somebody could go back and be like, let's see what they got back in the day and audit that

and be like, oh geez, that's worth $5 million now. Let's go to that person's house. It's scary. Nathan, I mean, what do you, what's your take here? I agree. It's, so first and foremost, like, I am, I agree that the, the direction that Rumble is taking is the right direction. They're on mission. They're on point.

Yeah. And definitely my criticisms are the same as yours and comes from a position of like, guys, I would love for this to be unbelievably successful. But as soon as some of these, let's say horror stories from the user experience start to come out, no one's going to want to use it. It slows adoption, right? It also, unfortunately, can put a bad taste in people's mouth regarding Bitcoin. Like, I received all these like $1 tips and I can't spend them without losing half of it, right? So then it feels like they're being ripped off,

they're being jiffing, and wouldn't understand from the, if they're new to Bitcoin, because this would be a great introductory point why it didn't work where these issues necessarily came from. The disappointing thing here is one that like with Tether's involvement, right? Tethers should know what the fuck they're doing. Like they should be more in tune to this.

They have their own Bitcoin reserves, right? You, Tether, from what I hear, a lot of people involved in Tether are in fact, Bitcoiners as well. Maybe there's accelerating the downfall. No, no. Jury's still out on that one. But they have a giant Bitcoin reserve.

So they should at least be aware of this information. And there's so many people in the space. Like you can talk to the guys at Lightning Labs. There's LDK kit, right? There's Lightning Development kit. There's just available. Not to mention things like the Bull wallet, fully open source. Use this bolts in the background.

Just fucking copy and paste and put rumble on it. Right? Like the information is out there. You can look at the latest and most popular wallets. This should have been, this should have been obvious. And I don't think it comes from laziness or rushed or a lack of funds. I really think it comes from an unknown unknown that there wasn't a bitcoiner in the room to let them know that they were making a mistake, that they were re-engineering things that are problematic and we've already solved for. Yeah. Yeah. Like I did, you know, I got some early access and I was playing around and these questions came up.

And I was like, oh, is it, do you guys have lightning? And no, they're. but I will say they are they're going to have lightning on it it's going to be Spark so like it's you know there's different tradeoffs there but like it's still for functionality still like so that will solve a lot of these problems that we're referring

to but that that should have been launch yeah they should never have launched it without using either liquid and bolts in the background or integrating lightning some other way or using Spark like it it should have been you for this exact purpose because you want because your biggest cohort coming in is

probably going to be initially. And you want it to be so seamless and so smooth and so good that they love it. They talk about it. More people come on board. Yeah. Yeah. And so I think, yeah, you already said it, but it's so important to have a Bitcoiner in the room. And like you said, they don't know what they don't know. And so if you bring in a crypto person in the room and you're implementing Bitcoin, like look at the crypto wallets out there and look at the Bitcoin function. functionality in them. It's typically awful. Yep. Right?

It's typically, it's just the user experience is not, they treat it as if, and sometimes there could be an ulterior motive for like these crypto wallets. It's like, well, you know, like we want to support like other networks because those are fast and da-da-da-da-da. And also we don't want to the legwork to understand how lightning works or implement these other things. I'll give it. This is the one nice thing I'll say about the fucking Minero Bros. At least they're privacy-minded and conscientious.

I disagree with them. I have my reasons. I'm not going to get into it. But they tend to be mission-aligned. Fellow travelers, if you will. I think they're wrong. It doesn't matter. But we kind of have at least somewhat of a similar goal and thought process ahead.

When you're dealing with crypto people, it reminds me of trying to sell silver. They have no intent. They don't care about privacy. They have no intention in staying in their crypto. They're planning on going back to Fiat. So what would they care about the functionality? They're never going to use it as money. They'll claim that I think it's maybe going to be as part of like the narrative to sell the fucking thing.

But they don't think like we think because they're just looking at this as a get rich, quick scheme investment, not a change the world for the better investment strategy, savings account, technology. Yeah, yeah. That or they're just woefully uninformed about. And scammers. Yeah, that's true. That's true. I got a quick one, quick one, quick one, quick one.

just because I think it's really important on that note. Guys, audience, love you. I've received a ton of scam emails this week, a ton already. I got from Gary Cardone. I got from Nunchuk. I saw a fake one from Bull Bitcoin. And I even had a friend that saw the Sparrow mobile app on, well, Sparrow on mobile pop up again as well, too. Flat out scam.

There is no sparrow on mobile. It only exists on desktop. And be on high alert. I don't know what's going on, but I got flooded with a ton of them. I just had to get that out there. Yeah, yeah, absolutely. Absolutely. Absolutely. So be conscientious, be aware. It's crazy world out there. So a couple last things really quick. I'm just going to rattle them off. A few new releases that I think are worth taking a peek at.

Fetty just released a new client so you can customize these little mini apps and stuff built in. If you haven't tried Fettie yet, it's pretty cool. Give it a roll. You can get the app just in the app store. and then there's different websites that you can go to where you can find mints. I do want to do a video on how to set up your own fetament, but the lightning functionality needs to be more accessible to end users. So as soon as that is true, I will do it. But right now, it's not ready in that sense. You need somebody that's going to be a lightning gateway,

and you kind of need to know somebody who knows somebody that can get a channel. It's not ideal. So that will come. but you can connect to other mints that have already been created and then use the FETI app that way. Up next, I was going to quickly say that Cove Wallet, the Android beta, is available in the Play Store. It's already available on iOS. It was previously. Cove Wallet, really cool.

I've been playing around with it. I've played with the functionality. I've tried various hardware. But it's on-chain-based. You can do hot wallets. I tried a tap signer, a cold card, and crux DIY with it. But very well done. I found a couple things that I was like, oh, this isn't working, this is working.

And then Praveen, who's working on it within a few days, he's like, fixed all of those things and then released it again. So they're, you know, awesome, awesome people working on Cove. So stoked to see that. And then lastly, again, my favorite new wallet of the year that has come out is the Bull Bitcoin wallet. They've been killing it. But this is wild. Some dude, because it's free and open source, went in and added something really cool, implemented

Bitax Connect in Bold Bitcoin mobile app. One tap BitX Connect on your wallet. So basically, you can just type in the IP address of your Bitcoin. Bitax on the local network and it will mine directly into your own Bull Bitcoin wallet. France is quoting this saying, my mind is blown that people are experimenting with Bull wallet to add interesting features I never would have thought of. Thank God for free and open source software. Going to have a look at this feature this week, keep them coming. That's badass. That's what Bitcoin's about. Yeah. That's phenomenal. I love to see it. And again, I think at the end

of the day, free and open source wins, right? It always will because it can take the best from the closed source world and then apply. and keep going, right? And it's just the free market of ideas, right? It's just everybody throwing the best ones out there and whatever stick, sticks. Exactly, exactly. But again, if you're looking at all these stories and you're going, you know, if the U.S. Marshals are getting $40 million with a Bitcoin stolen from them

and you're not self-custodying and you're not being careful with things, the same can happen to you. So make sure you're set up. Check out the tutorials. go to BTCSessions.ca. The learn page there has plenty of tutorials. You can check out. And of course, if you need the extra help,

hit us up over at BTC mentor, myself, Nathan, and our incredible team of educators are there, and we can help you out. So with that, have a great evening. This is a good rip man. I had a good time. Yeah. It's a blast.

Absolutely. See you guys soon. This was your weekly session. Have a great weekend, everybody. When I first got into Bitcoin, I was overwhelmed. The jargon, the security risks, the fear that one mistake could cost everything.

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