BTC Sessions - MAJOR Behind-the-Scenes Moves: Microsoft, Rumble, and Saylor! ep454

Starting point is 00:00:38 What's going on, everybody? Welcome to this show. Another Thursday, another episode of Simply Sessions. Big week. Big week. Holy crap. Unproductive week, to say the least. I think everybody's been a little preoccupied with NGU technology, glued to the charts.

Starting point is 00:01:00 You know, feels good. It's been a while. And if you're coming out the other side of the bear run, Good for you. You made it. You deserve this. Feel good about yourself. Give yourself a pat on the back.

Starting point is 00:01:14 Sit down for Thanksgiving. Do a few good. I told you so. Called it. You know, spice it up. But good for you guys. Glad to have you here. Nico, of course, is sitting in the wings waiting to give us the latest and greatest

Starting point is 00:01:30 and everything that's been going on in Bitcoin. And of course, this is live. Anything can happen. So I defer to my friend Bill here. We'll do it live Do it live I'll write it and we'll do it live The fucking thing sucks

Starting point is 00:01:49 If you have not already Like subscribe, share all those things They just help so much Please do I am Ben with the BTC sessions This is your simply session Before we dive in Let's take a quick look at where we are

Starting point is 00:02:20 in the market right now This is time chain stats.com. We're sitting at $98,549 per coin. That's insane. You guys, that's insane. A single U.S. dollar for probably one of the last times, it will get you four digits worth of a sats. That's 1,014 sats in terms of fees, eight sats per V-byte, next block. And in terms of Bitcoin mine, 19.78 million of them, which is 9.4.5 million of them, which is 94.21% of the total supply. We're going to give a shout out to our sponsors of the show. We'll be back in just a minute with Nico to hit you with the news.

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Starting point is 00:04:54 Yo! Dude, crazy week. we're at $98,730. I mean, dude, like, holy cow, what a journey. What a journey to 100K. And these candles, man, like, these things are nuts. I remember when Bitcoin, like, reached 10K for the first time and how long it took. And now we're just doing that, like, on a daily basis, which is just, like, nuts.

Starting point is 00:05:24 So it's pretty crazy times, man. Can't complain. But it's pretty cool. Yeah. It's, it is staggering seeing like, and the crazy part is like the percentage swings are, are not at all out of character. Like, it's pretty par for the course, like 5%, 10%. But like, again, like it's up 5% today. That's 5 grand. Like it's just like the numbers are getting kind of wild to see. And so like I firmly believe now, like, again, people that if you weather a couple of couple of cycles, those five, 10% swings all of a sudden you get into situations where you're like, oh, wow, like, that's more than I'm used to making in a month happening in a day or something like it. It's just like it becomes so much more significant if you can weather

Starting point is 00:06:13 the storm and huddle long term. 100%. You got to pay your dues in Bitcoin. You know, I always tell people like it takes four years minimum. like four years to kind of feel the benefits of a full cycle. Most realistically, most people will buy up on a run-up and they'll get wrecked. But if you just keep your head down, you keep DCA for like four years. On that fourth year, you're going to be like, wow, this was a good idea.

Starting point is 00:06:44 But I think it really takes two cycles to really like become relatively wealthy compared to where you started. Money's relative, right? Yeah. So if you start with very little, you know, but you're going to be. going to be a lot wealthier than where you began, right? So I really think it takes time, man. It's not this like get rich quick thing overnight. It takes many, many years, in my opinion. What's the quote? It's like it's not a get rich quick scheme. It's a don't get poor slowly scheme. Exactly. But once you get over the site, like once you get over, oh, they changed it. They changed restream. That's cool.

Starting point is 00:07:21 but once you get your once you pay your dues in terms of the cycles you know it gets definitely a lot easier anyways uh pretty crazy news but i i kind of want to show why this happened uh this guy got elected um and i'm talking about the orange man and uh it was really important he got elected

Starting point is 00:07:42 because then this guy stepped down so gary ginsler announced today uh at 1 p.m that on January 20th, 20, 25, he will be stepping down as SEC. Why? Because he does not want to get fired by this guy. Not giving him the pleasure of doing that. So, you know, it's pretty cool that he's out of the picture. But also, it's kind of like, you know, it's going to, I suspect the Trump presidency is going

Starting point is 00:08:16 to be great for Bitcoin, but I also think it's going to be a show. shit coin extravaganza. Yeah. You know, especially with Garraganser out of the way. I think they're just going to free market the shit out of it. And it's kind of like anything goes. But I would prefer, I prefer that than what we've been getting. Yeah.

Starting point is 00:08:34 Yeah. It's, again, I'm very much a let people make their own choices and through that, their own mistakes and hopefully learn from them. Because, again, touching the stove, it's a pretty effective teacher. and if anything, like, messing around with Bitcoin and getting down some of those shit coin rabbit holes. Like, it's a very cruel but effective teacher. Oh, for sure. For sure.

Starting point is 00:09:02 100%. So speaking of Trump, Trump made some interesting nominations, some of which have been breaking legacy media. But I'm not going to talk about any of the non-Bitcoin-related appointments. But he appointed Howard Lutnik, chairman and CEO of Counter-Fitchgerald. I'll read through some of it, not all of it, but he says, I'm thrilled to announce that this is a statement from Trump. And he said, I'm thrilled to announce that Howard Lupnik, chairman and CEO of Counter-Fitchgerald, will join my administration as the United States Secretary of Commerce.

Starting point is 00:09:39 He will lead our tariff and trade agenda with additional direct responsibility for the Office of the United States, representative. So what's really interesting about Mr. Lepnick is he has said some really interesting things about Bitcoin in the past. This is him on the recent Anthony Pompliano podcast. But like, how do you think about either you or Cantor? I don't have a big enough percentage. I probably have, you know, if, I can't say because then people can figure out that money and how much I have. I would say I have hundreds of millions of dollars. Okay. Okay. hundreds and hundreds of millions of dollars, exposure to Bitcoin.

Starting point is 00:10:26 And it will be billions. I was going to say, so next year when you come back, and we'll do this again, and you'll be a Bitcoin billionaire. And you remember that model I told you. So if every time Bitcoin dips, I'm going to be the buyer. I know why you're doing the lending. It's all coming. Listen, listen, you don't have to explain that one around here.

Starting point is 00:10:48 So yeah, I got the 50% I said Bitcoin, I got the Bitcoin lending, but basically what you're going to see is Candace Gerald is going to be the sponsor of Bitcoin into traditional finance. And so we will be the leader of it. And I'll pull out this podcast in years to come and say, see, I told you, because no one's going to remember. Of course. Right.

Starting point is 00:11:08 But all the banks, after we do it and show people how to do it, they'll all copy. And so the asset of Bitcoin will just, as it becomes more accepted, it will become more valuable. And the whole Bitcoin nation should just call it a commodity, never a currency. Just call it a commodity. Because if it's a currency, you're attacking the politicians of the country, right? You're trying to replace my currency with yours. But if you say, hey, hey, hey, I'm just oil, I'm just gold, I'm just a commodity. Leave me be, right? Then they'll leave you be. And that is true. And it will be. And it will be. why Bitcoin, which is rare and is special, will become ever more rare, as we both know, ever more valuable over time. It'll be financed just like gold is, right? Gold is, it's not like super

Starting point is 00:12:05 financeable, but it's financeable. Oil, it's not super financeable, but it's financeable, right? Bitcoin will be financeable. Bitcoin will be way, way, way higher, sometimes lower. You just have have to have faith. So that guy, I disagree in terms of Bitcoin not being a currency. Yeah. But anyways, step in the right direction was just made part of, he was just appointed to a significant part of the U.S. government. And you heard it from his mouth, not mine.

Starting point is 00:12:41 He owns hundreds of millions of dollars worth of Bitcoin, soon to be billions. Uh, you know, no one's better than their incentive. right? That's pretty effing nuts, right? I don't think you're going to see any anti-Bitcoin regulation coming out of this guy. That's for sure. Yeah, that's crazy to see. Like him talking about, again, his exposure to it and just like obviously very, very favorable. Again, in terms of, I disagree with him on the same points that you do. you know, and I'll just outwardly say it like, yes, I'm attacking your currency with mine. I want this to be the currency. I want to use it day to day.

Starting point is 00:13:33 Like, there's a reason why people don't want to use fiat currencies. There's a reason why this started and that's very, very important. I get why guys like him and others, you know, like Saylor, are kind of towing that line. of oh it's just oil it's just commodity and everything i mean it can be but it's both like let's be real like this is current like again we're doing our sat market here like people can use it people it's it's literally a it's legal tender it's legal tender in places on earth and so like you can't just say it's not a currency i mean you can say it but you're wrong yeah i think he just wants to you know he's like dude i'm just i want this number go up i don't want you know whatever

Starting point is 00:14:20 But I think he revealed a lot when he was talking about it because it's like why why did the politicians deserve that? Like, you know, they've made a disaster of it. But fine, you know, like I said, step in the right direction. It is a currency whether he likes it or not. This is why self-custody is so important. I just got back from El Salvador was paying things for Bitcoin, was paying for things in Bitcoin left and right. So yeah, I mean, I used it as a currency. Okay, it's not a currency, bro.

Starting point is 00:14:53 It's just a commodity. But I was paying for a lot of things in this commodity. So, yeah, I mean, it is very positive. Definitely for number go up, not so much from a revolutionary standpoint. Obviously, you know that he's not going to, you know, come up to bat for us there. But from a number go up perspective, I mean, you know, this is wonderful. This is great. This is amazing.

Starting point is 00:15:18 right um so moving on so it's not only you know uh bitcoin stuff uh we also have what i was saying earlier in terms of the shit coin extravaganza um trump uh met privately this is kind of written past tense but whatever president elect donald trump is meeting with the ceo of cryptocurrency exchange platform coinbase monday according to people familiar with the matter the duo is expected to discuss personal appointments for his second administration. The meeting between Trump and Brian Armstrong would mark the first time. The two have met since Election Day and comes as Trump continues to fill his cabinet and other senior post.

Starting point is 00:16:01 Trump, formerly a crypto skeptic, has turned into a vocal supporter of the industry. And then there's a paywall. But the point that I'm trying to make is this is going to be a radically, 180. from what we've been experiencing the last, you know, three and a half, almost four years now of the current administration, very, very bullish

Starting point is 00:16:25 from a regulatory perspective. And it was just announced, too, that there is going to be a potential office, like a potential crypto-slash-bitcoin appointee that's going to be part of government, which is insane. So a position that has never existed, before, but that might be created just very similar to what Max and Stacey are doing with the

Starting point is 00:16:51 Bitcoin office in El Salvador. And there might be someone who's dedicated just to be like the crypto Bitcoin czar of the United States, which is nuts. There's been some talk about that on X. Yeah, this is, again, like every bit of news that I'm seeing now, it's like go back even a year, two years, three years, and it's like any of this would be mind-blowing to hear, let alone further back than that. It does also, again, if he's been with Brian Armstrong as for it, I mean, Brian Armstrong is like king shit coin. That's also in, in, uh, indicational of, uh, the direction. Things will go over time. But, uh, again, I prefer the free market. market approach to, again, throwing devs in jail and trying to outlaw self-custody, right?

Starting point is 00:17:52 Yeah, 100%. 100%. But that conversation must have been fucking hilarious. Could you imagine that? Can you make me full screen, Ben? Do you mind? Brian, listen, listen. Trump, coin.

Starting point is 00:18:11 It's going to be amazing. It's going to be huge. It's going to pump. What do you think, Brian? You like the idea? That's what the conversation was probably like. 100%. I think so.

Starting point is 00:18:21 100% yeah i mean i think yeah it's uh i wonder what i mean because they've already like wasn't there like a mega coin and then there was there was whatever their world i don't know the world crypto token yeah right i mean it's already starting and he's not even in office yet gensler was like ginsler's looking at this stuff probably being like i'm not I'm not now it's gonna be massive we have a trump coin we have a wall coin

Starting point is 00:18:58 we have a maga coin all the coins it's gonna be amazing have fun with your bitcoins this dude fucking hilarious you know what Trump is is a funny guy

Starting point is 00:19:07 he's a funny guy anyways speaking of not so funny things the Pentagon fails its seventh audit in a row but says progress has been made

Starting point is 00:19:19 could you imagine I don't know what the IRS equivalent is in Canada, but could you imagine if, you know, you failed seven audits in a row and like your response to the IRS or whatever was like, I'll do better next year. And the audit, look, the Pentagon on Friday failed at seventh audit in a row with the nation's largest government agency

Starting point is 00:19:44 still unable to fully account for its more than $824 billion budget. The official stressed they are making good progress towards a clean audit in 2020. Yeah. Again, like the double standard between like them hiring 80, what was like 80,000 or was some stupid amount of IRS agents so that they can investigate people for their $600 Venmo transactions. And then the Pentagon's like, yeah, you know, like 100.

Starting point is 00:20:22 hundreds of billions of dollars and they're like, yeah, I mean, like, we're getting better. We promise that in like four years, we will probably know more about where money is. Dude, like if there isn't a better argument for the separation of money and state than this, like this is insane. You know what like the corruption that must be happening and they don't even give a fuck too. They're just like, yeah, we'll try to do better. Like it's like a power move. You know, it's like, yeah, so what? It's like, shut up.

Starting point is 00:21:04 It doesn't matter. I was watching Peter St. Ange who is fantastic. Oh, he's so good. I love his, I love his videos. Yeah, he's great. He's coming on the Christmas show, by the way. Oh, nice.

Starting point is 00:21:16 Yeah. I haven't been invited yet. Yeah. You're default invited. Oh, okay. But I was watching his video today, and it was about, again, the Pentagon failing its audit. And like the preamble to this was it was they basically in the 80, was it was the 80. I don't know when it was.

Starting point is 00:21:37 Anyways, they basically gave them 20 plus years to like be able to, or before they were like, in 20 something years, we're going to start auditing you. so you got to get your shit together. And then they started auditing them. They had 20 years to like get ready for that moment. And then they immediately failed. And so like it's they're basically saying like give us to 2028, at which point it'll be like 35 years of the initial mandate is when they'll finally get their books together. Are you insane?

Starting point is 00:22:10 No, dude, you would go to jail. Like that's the part that like look. And here's like the whole accountability part. and like one of the big reasons that Trump got elected like the administrative state essentially is like people call deep state it's not a conspiracy essentially all it is is there's an unelected bureaucracy that stays and like keeps their job regardless of who gets elected into office so that creates an accountability problem they're not accountable to anyone so you can it's like vote harder daddy and the people that the work in those government jobs,

Starting point is 00:22:49 they stay in those jobs regardless. And they have a tremendous amount of power and influence over society. And it's getting to a point where it becomes tyrannical because government doesn't produce anything. So their only way to raise revenue is it's parasitic in nature. And this is what Elon Musk has been talking about.

Starting point is 00:23:11 The whole Doge thing, I hate to, I'm sorry guys, but I'm not talking about the shit coin, talking about the Department of Government Efficiency, whatever. The thing that him and Vivek were appointed to by Trump, and they're trying to cut the spending by $2 trillion, whatever, you know, and I never bet against Elon. Okay, the guy invent self-driving car, rockets, like Elon will figure it out. I have very, very confident in that. But it's a half measure.

Starting point is 00:23:38 And the reason it's a half measure is because there's an election in four years. and it can go either way, right? And you get a new administration, and imagine if that new administration has the polar opposite. So, like, they have Elon and Vivek and everyone's cheering them on now. Can you imagine a polar opposite team

Starting point is 00:23:58 of, like, super bureaucrats? And they're like, yeah, we're going to make this even bigger. Like, it's always one election away from right back where you started. And the only way to fix this is taking away the money. printer. Like the separation of money and state is the only solution to this. Because as long as the government or the state has the power of the money printer, this type of shit will keep happening.

Starting point is 00:24:25 Because there is no accountability. They don't have to answer to anybody. What is the incentive for them to answer? Like, you know, the Constitution, like, nah, they don't give a fuck about that. Like, they're getting paid by the money printer at the expense of lower and middle class Americans. that don't have the means to save and assets. And this applies, this applies to Canadians too. I'm sure they print a fuckdown of money over there. I'm sure there's inflation. And this is a casualty.

Starting point is 00:24:54 So the only way to fix this, the only way to fix this is a radical change to the money, not necessarily the administration or the government. That's a half measure, because that's one election of way to going exactly to where we started. Are we at 100K? No.

Starting point is 00:25:14 No. No. I was like, I'm not excited. Oh my God. I look at my little ticker up top and no. We're at 98500. Anyways.

Starting point is 00:25:24 So Micro Strategy announced their biggest ever Bitcoin purchase. Absolutely massive. It was huge. It was enormous. It was so amazing. But this is a headline by Bloomberg.

Starting point is 00:25:39 Micro Strategy taps stock market to fund Bitcoin buy, it goes on to say micro strategy bought a record $4.6 billion in Bitcoin, making good on plans announced last week to tap capital markets to accelerate purchases of the cryptocurrency. The enterprise software maker, whose corporate strategy includes buying the digital asset, acquired about 51,780 Bitcoin between November 11th and November 17th, according to the SEC. That follows purchases of 27,000 Bitcoin between October 31st and November 10th and two large acquisitions in September. Micro Strategy is already moving to raise more money to buy more Bitcoin. The firm announced later Monday that it will be offering an additional $1.75 billion

Starting point is 00:26:32 in convertible senior notes maturing in 2029 with the proceeds being used to acquire more tokens. So, dude, infinite money glitch. I wish I had a giant public company behind me so that I can keep buying tens of thousands of Bitcoin because that is absolutely insane. Oh, and by the way, the results of that have been nuts. Micro Strategy stock has been going through the effing roof. Take a look at this.

Starting point is 00:27:04 Like, this is crazy. It was at before the Bitcoin strategy, was $12, $11. It's now at, it peaked at like $450, $500. By the way, this has been the longest vindication I've ever seen in my life. Because this company was founded in the 90s. So in 1998, it was at $19. And then it benefited from the dot-com boom and bust.

Starting point is 00:27:36 it reached $313 per share and then it crashed and it literally went to like a couple dollars per stock one one 50 cents bro 50 fucking cents in 2002 45 cents like I'm sure like sailor was like holy shit you know this is bad you managed to recover it you had a slow recover you know the stock was like around the $10, $15 region, and then boom, Bitcoin in 2020, and Waka. This thing went to $100 the first time, and then the bear market hit. I remember seeing Sailor's face at Pacific Bitcoin. His average price per Bitcoin was at like $32,000. And I remember he was just sitting silently in the front row, listening to all the talks,

Starting point is 00:28:27 down billions of dollars. We've all been there. We've all paid our dues at least one time. and the vindication, the bull market started happening and, wow, dude, 20 fucking years. This is count of Monte Cristo type shit, but with the stock market, this is nuts. This is crazy. Young Kings and the chat makes a good point too. There were stock splits here too.

Starting point is 00:28:54 Yeah, yeah. This is like, if there weren't stock splits, it would be like multiples of this. Yeah, it's freaking crazy. This is a, talk about a redemption arc, man. What was this happened? The fall happened in 2000, like 2001. He was like wrecked. And 2024.

Starting point is 00:29:15 So what it? 23 years. Holy bananas. Yeah. It's absolutely insane. I mean, again, again, like it's, it's, it's, I think he has. like this first mover advantage too because like the people that are buying the stock are obviously doing it for kind of like it's it's people that cannot traditionally buy bitcoin for whatever reason like

Starting point is 00:29:47 they're legally like they're required to do other things and so like they're he's getting these these people that are using micro strategy as a as a speculation mechanism and he was talking about it i was taken out some of the volatility because people, what, they get, they get options. Like, they can either get their, whatever the percentages they're offering on the debt, or they can, they get stock options at the end of the contract. So it's kind of like you get, you know, either, like, if you want to convert them. So, and for him, it's like these, the time horizon on these things, things is long enough that he's like, oh, yeah, like the number of years that that I can wait here,

Starting point is 00:30:37 it just makes sense. Like, yeah, okay, like five years from now, who gives a shit? Bitcoin will be higher than it is right now. And so it's like there's very, very little risk for him, which is wild. So again, he did somebody in the chat. It was it. Somebody said he broke Fiat. He broke Fiat money from Matt.

Starting point is 00:30:59 I mean, yeah, he found, again, like, Nico, like you're seeing, Infinite Money Glitch, figured it out. I think more and more people are going to recognize this over the course of this cycle and capitalize on it. And I wonder where shit hits the fan with that. Like, where does this just break everything? Because it has to at some point. Like, it's just, he's benefiting because he broke it first.

Starting point is 00:31:29 I don't know, man. Like, nothing goes up forever, but then there's a part of you that's like, but it does though, because like he might have found a like a glitch in the debt system matrix, right? Yeah. So it's like he's getting debt to buy, you know, an asset that is absolutely scarce. And then like that just makes his stock go up. his stock goes up he leverages his stock going up to like issue more debt to buy more bitcoin and it's just rinse repeat rinse repeat rinse repeat best performing stock like is this all going to come

Starting point is 00:32:11 crashing down in the bear like are we just going to have an insane fucking bear market and like blow off top this thing goes to half a million dollars whatever and then bear market comes we go back down to 70K, the micro strategy stock drops 80%. Like, are we going to have that type of situation? And then if the stock drops 80%, does that put his loans at risk? Right? I don't know. Because this sounds like leverage.

Starting point is 00:32:41 This is what this. This is leverage. This is leverage, essentially. So if any of us did that, like we would get margin called. And it's like if you have the Bitcoin to back it up, not a problem. But, you know, like, I don't know the terms of the deals or the loans that he's making, but he's obviously, he's obviously leveraging his company because the value of his company is much higher than the

Starting point is 00:33:08 actual amount of Bitcoin that he has. Yeah. But I mean, like that that's, again, comparatively when you look at other major company like Microsoft and things like that, I mean, those trade at like 50x like underlying assets. And so it's like, okay, well, you're looking at other things outside of that. But yeah, yeah, it's, I don't know, he found a very interesting way to capitalize on the broken system. And it kind of points out the flaws in it. And he's just all day long, here we go.

Starting point is 00:33:47 I'll issue more debt. I'll buy more of this scarce thing. and even if like the debt comes due like you have the option again like he's given stock options he's doing all this different stuff where um he's hedging himself pretty well so i mean we'll see how it plays out over the long term but like my inclination is to believe that he's probably going to be fine yeah i agree he's going to be fine somewhat con con in the chat says he dilutes his shares when bitcoin is running up and sells convertible bonds to buy by bitcoin which increases his shareholder value. Yeah, like he might have found it like a glitch in the Fiat matrix. Like he might have found it. Yeah. Let's see how long he continues this. Anyway, speaking of Michael Saylor, Michael Saylor to pitch Microsoft board on buying Bitcoin. Bitcoin Bull and MicroStrategy Chairman Michael Saylor said he'd agreed to make a three-minute presentation to Microsoft's board of directors about investing in Bitcoin. Quote, the activist that put the proposal together,

Starting point is 00:34:50 contacted me to present to the board. And I agreed to provide a three-minute presentation. That's all you're allowed. And I'm going to present it to the board of directors. Saylor said he earlier proposed to meet with Microsoft CEO, Satya Nadela, quote, in confidence to discuss the topic, but that offer was not accepted.

Starting point is 00:35:14 Quote, so you will see me putting together the three-minute proposal for Microsoft and we'll send it to the board. In October, Microsoft disclosed that one of its voting items for December will be whether to conduct an assignment on investing in Bitcoin. The National Center for Public Policy Research pushed the proposal, which highlighted Micro Strategy's Bitcoin Investment Strategy, and that its share price has outperformed Microsoft by over 300% this year, quote, despite doing a fraction of the business of Microsoft. Quote, I think it's not a bad idea to put on the agenda of every company. It ought to be put on the agenda of Berkshire Hathaway and Apple and Google and meta because they all have huge hordes of cash and they're all burning shareholder value. I mean, one million effing percent because a lot of people have to understand that a lot of

Starting point is 00:36:13 these companies are holding like, guys, like hundreds of millions, if not billions of dollars of in cash or cash equivalent. So if you have $100 in your bank account, and let's say inflation is at 2%, okay, you're losing $2 a year. Whoop-de-dudah. But if you have, you know, $100 million or $500 or $500 million,

Starting point is 00:36:37 and you're losing, and that's the ideal inflation rate, we all know it's a little bit less than that, and you're losing 2% of value, like in the ideal range, that's $10 million a year. Right? 10 fucking million dollars. And then this isn't even in the billions. So if you're talking,

Starting point is 00:36:55 if you're holding billions of dollars of cash, you're losing, you know, tens of millions, if not hundreds of millions of dollars in value every single year. And that's just with inflation at 2%. We all know it's been a lot higher than that. So the case that Sailor is making is like, look,

Starting point is 00:37:12 what if we just put two, three, four, five percent of your cash or cash equivalence in Bitcoin, not only will it make up for the purchasing power, as Bitcoin goes up, that's actually a benefit to their shareholders because the value of that Bitcoin is going to go up and that Bitcoin's on their balance sheet. It's not rocket science, right? So I think it's only, they can only really hold these floodgates for so long until the pressure of shareholders starts to mount so much. and it's kind of like look guys like you know this is this is nivitia this is google this is tesla like i had set for privacy on on monday he had such a great comment he's like nico do you even

Starting point is 00:38:02 know what microstrategy does and i was like and i answered i'm like i think they're a software company but that's the point no one you know what tesla does yes do you know what microsoft does yes you know what google does absolutely does anyone know what micro strategy did no one knew so like now they're just like a de facto ETF stock leverage Bitcoin play and they're outperforming the entire SNP 500

Starting point is 00:38:27 by a factor of like four. So like I don't think what Michael Saylor is calling for is great. I like I think it's pretty sensitive. Like I think it's pretty reasonable in my opinion, my humble opinion. Yeah. Again like when when you only

Starting point is 00:38:43 allocate a few percent though I mean Let's say you've got 100% and you're taking 5% of that into Bitcoin. Even if Bitcoin went to zero, which it's not going to go to zero, but even if it went to zero, you lost 5%. If it continues to do what it does over long periods of time, it just goes, again, astronomically high and it continues to be a larger and larger portion of your treasury. So, like, again, like, you can, I went to, I went to an event in Toronto by the guys.

Starting point is 00:39:21 They run rock star real estate. And so these are two brothers. They've been in a real estate broker business for, for years and years. And they've been orange-pilled hard. And they realize, like, hey, the only reason we have a business is because people are forced to speculate on homes because the money's broken. And so they've begun orange-pilling everybody. And they laid out charts showing, like, hey, like, here's, you. an average portfolio of like having some rental homes and all this.

Starting point is 00:39:49 Here is if you had just taken 5%, 10% put it in Bitcoin and look at the performance. And it was just like not even close just by like, just by a tiny bit of risk added in. Like the tiniest bit of risk, a few percent. And you're blowing everybody out of the water. And so like they did a great job presenting it. So again, same message that sailors doing here. Like it's irresponsible not to have some degree of exposure. 100%.

Starting point is 00:40:22 100%. I think the market is going to realize that. You're going to put pressure on that. And you're only going to be able to resist that for so long. And do you imagine if Microsoft started adopting like a like a Bitcoin, they would be, that stock would be on, that would 10x? It would like, it would be like a 10x like really, really fast. you know so it's like at what point do they just concede and say you know what like we might not be

Starting point is 00:40:52 able to catch micro strategy but still you know this is this is a tremendous amount of value that we can provide to our shareholders so absolutely well man this is great i appreciate it it's been a it's been a hell of a week and uh i anticipate more excitement uh by the time i see you next Yeah, hopefully we've broken 100K and we can have the first Simply Sessions episode at 100K. It would be great. But until then, guys, this was your Simply Sessions. I'll see you next week. Awesome.

Starting point is 00:41:24 All right. See you later, man. And everybody else, please do stick around because why? What's happening next? We're going to be getting you your tech updates, all the cool things that have been happening in terms of the tools that can help you use and secure Bitcoin. But also, we're giving away some stats. So you better get your lightning wallets ready.

Starting point is 00:41:43 So you can claim those free sats after the break. We will be right back. We're just going to give a quick shout to our remaining sponsors. So we'll see after the hop and get ready to claim some sats. Keeper is a fully open source Bitcoin app created to help you stack sats long term. Easily use your hardware devices or assisted keys to create multi-sig wallets and plan your inheritance. Head over to Bitcoinkeeper.app to download the app and use code BTC Sessions 30 to get a 30% discount on your first subscription.

Starting point is 00:42:25 Debify.com allows you to borrow against your Bitcoin in a non-custodial way. Collateral is held in a three or four distributed multi-sig with trusted parties. It provides institutional liquidity providers, loan periods of up to five years with flexible conditions and the best rates. Best of all, no re-hypification of your funds. If you want to check them out today, head over to debify.com or hit the link in the show notes down below. CoinKite.com has some of the best hardware on the market today to secure your Bitcoin. The cold card queue is an absolute powerhouse and is my daily driver.

Starting point is 00:43:03 And on top of this, they have plenty of other goodies including the Mark 4, the tap signer, open dimes, the block clock, and much more. If you head over to their website, make sure you use code BTC sessions at checkout to get a nice discount. Links are in the show notes down below. All right, we are back in. I'm going to share my screen with you guys again because we're giving away some sats. I'm over here on Bitcoinwell.com. I will also drop that in here.

Starting point is 00:43:34 Let me get it off to the side. So it's out of the way there. So, of course, I'm here on Bitcoinwell.com. Awesome place to be stacking sats in Canada or the U.S. And the way it works is when you do sign up, You earn points when you buy Bitcoin. You earn points. When you were for friends, you earn points.

Starting point is 00:43:52 Those points can be used to toss a coin into the Bitcoin well, wishing well. And you can win anywhere from 500 up to a million sats. And so I hope you have your lightning wall as ready, because as soon as you scan the QR code after I toss the coin, then whoever gets at first is going to claim those sats. I'm going to hit play now. I'm going to use 500 points to toss a coin in the well. And there's 500 sats.

Starting point is 00:44:25 So whoever scans that first with their lightning wallet will be able to claim them. If you do, get the sats. Be sure to let me know in the comments down below or in the live chat. Wherever you're viewing this, we'd love to hear it. But congrats to anybody, of course, that does snag them. Up next, that's not the only way that you can earn. you can earn Sats this time in the market. Of course, you can become an affiliate of the Bitcoin mentor. So if you're unfamiliar Bitcoin mentor, this is my company where let's say you're an

Starting point is 00:45:01 individual that needs a little bit of extra handholding. You've been checking out the tutorials on the channel, but you need additional help, somebody to lead you through. Well, we put together an awesome group of educators that can lead you through wallets, hardware, multi-sig, running a node, lightning, BTC pay server, whatever it is, they can help you get set up and level up to where you want to be. But beyond that, if you're a person that either has used us before or you feel already comfortable, but you have lots of people, friends, family acquaintances, asking for help and you just don't have the time, well, why don't you follow them towards us and earn some sats in the process? So the way it works is if you sign up, there's a QR code over on the right hand side of the

Starting point is 00:45:44 screen. If you scan that and sign up to become an affiliate, you'll get your own special link. Anytime somebody needs one-on-one help, you can send them the link. And if they end up booking sessions with us, every time they book a one-on-one, you will earn $21, paid out in Bitcoin at the end of the month. So not just one time, but if they keep on coming back for more sessions to learn more skills, then $21 every single time. So it's an awesome way to be earning Bitcoin as you're helping level up your friends and family to be able to self-custy and secure their Bitcoin the right way. So again, highly encourage you to sign up and become part of the Bitcoin mentor army. And you can stack sats while new Bitcoiners stack skills. And yeah, with that, let's go ahead and

Starting point is 00:46:33 dive into your tech updates. So this is exciting. Of course, I, you know, I've been using Nostra more and more. I do think it's very, very important that we have censors. ship resistance, social media, and more, you know, just general web content. Primal, basically my favorite way of interacting with Nostr, they just released version 2.0. And it is great. I highly recommend. It is available now for both Android and iPhone. And then, of course, at primal.net, if you're on your computer.

Starting point is 00:47:10 And so, Primal 2.0, what do they have? Our team has been working around the clock. This is from Milan, has been working around the clock for many months to reach this milestone. Primal now offers a much more comprehensive view of Nostra with the following additions. So there's a new tab called Reads, and so that's for longer form articles. There's a new tab called Explore, and you can see all different types of curated content. There's a feed marketplace. So again, the feed marketplace is in and around content curation.

Starting point is 00:47:42 What do you want to look? People can aggregate things and you can subscribe to certain feeds for free. Or if somebody's putting in a lot of work, they have paid options where you can pay to get very highly curated and well put together content as well, which is awesome. You also have advanced search. And they're launching primal premium, which I'm very hard to see, especially in that it's a way for these free and open source apps to monetize. premium versions for those that want to help support the developers that are working tirelessly, as well as see the ecosystem grow. And so for seven bucks a month, you get primal name and Nostra tools for power users.

Starting point is 00:48:28 We'll cover all this much more in the coming days. In the meantime, we invite you to download Primal 2.0. I'll just pull up the Primal Premium page here. And so you get your own, again, Noster verified address. a lightning address, a VIP profile, you get media storage. 100 gigs, that's crazy. You also, again, and like I've been using it. So anybody that's been on primal as an OG for a while, I believe you'll get a, you'll get a premium subscription for free for six months.

Starting point is 00:49:05 anybody joining after that or after now will if they want those additional features, then they can, of course, subscribe. I highly recommend supporting the devs, though. I do want to show something, though. They have premium relays. So it's high performance and also relay that accepts content from, only accepts content from primal premium users. You also have media management.

Starting point is 00:49:29 So like anything you post, you actually have access to all of those files. You can adjust them. You can download them. You can copy them. You can do whatever you need. It shows a breakdown of the space that you're using. You also have a list of content like backups and everything like that. Again, you can download your reactions, your notes, your encrypted direct messages, all events.

Starting point is 00:49:53 You also, again, any order history is anything like that, ways to support. I think it's super awesome what they're doing. And again, just to kind of show like the read section, here's your long form. content. So like if you want to go in, this is, you know, like you can get full length blogs and things like that and still, of course, have like the in, the built in ability to zap. So I can go and off it goes. Boom. That's linked to a wallet that I have. Also in the explore feed, you have different types of fees. These are all different fees that you can subscribe to. And it's all like philosophy reads popular on.

Starting point is 00:50:34 Ask Noster. Bitcoin reads, top zap, no, it's like all of these different feeds, you can subscribe to these individual ones, you can zap the creators of them. And there's some that are subscription based as well. A lot of them are free right now, but I'm sure you'll see more subscribe-based stuff in the future. Again, like, they're doing a lot here. It's definitely being curated a lot more and you're getting a more customizable experience with Nostr. So anyways, Hats off to primal. I actually, I've been testing the beta for primal 2.0 for a little bit here. And it's just, it's a lot snap here.

Starting point is 00:51:12 It's great. Moving on, Debify. I've done a video on this. This is no re-hypothication Bitcoin loans. So again, like sitting in a multi-sig where you can audit it and there's three, you know, yourself, Devify and an impartial third party holding keys. So the funds sit there. and then there's dispute resolution or if there's like a liquidation or anything.

Starting point is 00:51:38 But before the application required to use it was only Android, well, iOS is now out. So if you want to check that out, you can. And of course, I've got a full tutorial on how to use Devify as well if you want to check them out too. And Cold Card is also now supported on Devify, which is really cool to see. Moving on, I've been working, I'm going to vent from, I've been working on BTC Pay Server version 2.0. I'm very excited to drop the video. I just, unfortunately, I ran into so many problems. And it wasn't, it's not BTC Pay's fault.

Starting point is 00:52:18 There's just like cloud hosting issues and just the little, little mistakes and like learning new things. And I'm just me making mistakes. So nonetheless, BTC Pay server, I just finished recording today. for version 2.0, and I'll be dropping that video, I believe, on the weekend. So keep your eyes open. I'm very excited to get this one out. It's going to be part of a series. So I'm not just doing BTC pay the basics of how to set it up.

Starting point is 00:52:44 That's what this one's going to be. But I'm going to go on. And next I'm going to do the Bitcoin Eyes machine. So this is a way of being able to link your BTZ Pay server so that you can use this machine to accept payments. in like a brick and mortar setting, which is super cool. So again, like you can have like the keypad. You can, you can accept like obviously scan to pay on chain and lightning,

Starting point is 00:53:11 but you can also use tap to pay with lightning enabled. And there's my little screen there. But you can do bolt cards, which are preloaded lightning payment cards using the NFC up top. You can print receipts, all that kind of stuff. So this is going to be the next BTC, pay-related video, and then I'm going to follow that up with, how do you use this machine to create bolt cards for others? So if you have an event or something, you can actually accept cash

Starting point is 00:53:40 or whatever, and then you can create lightning bolt cards for people to go around and use that events. So we saw this in Madeira. They were doing this at scale, and it was awesome. It was so cool seeing people using this technology to go and actually use it transactionally, much to the grin of the dude that was speaking earlier that said it's not a currency it's a commodity tough shit man it already is my currency of choice so there you go uh and then to that same point our sad market in calgary is coming up i am so excited so excited uh to to get this going again um and so if you guys want to give this a share, that would be huge. I'm dropping it into the live chat right now. So even if you can't make it to Calgary for the Sat Market, please do copy that link and give it a

Starting point is 00:54:38 share on any social media that you can. We are trying to attract people from anywhere around the area or if you do want to come in from afar. Like we've got people coming in from Vancouver to Calgary. We've got people coming in from Interior, BC, from Edmonton, from Saskatchewan. So from neighboring provinces. It's going to be great. And it's not just the market. So it's not just our circular Bitcoin economy here. We're going to the mountains prior to the weekend.

Starting point is 00:55:05 There's going to be some people can go skiing if they want. We're going to have a nice dinner. We're going to go for brunch. We're going to go through an ice hike through a place called Johnston Canyon. And then we're coming back. And our local YYC meetup is doing their Christmas party that night. And then the Sunday, we're going to finish off with the market. So it is a full weekend.

Starting point is 00:55:22 We're doing lots of fun stuff. And I don't care where you are on the globe. If you want to come out, we will happily welcome you, join in, partake. We're turning this into a bigger event with lots of fun things and just to build a community. I want to build this to the point where people from around the world want to come to it, not just come to it, but replicate it. I think we have something special here. So, again, that's in the live chat there. I just dropped it.

Starting point is 00:55:51 But I'll do up a QR code for that. in a minute as well so that you guys can scan it and then share it wherever you may be. And then finally, tomorrow, why are we bullish? Very excited for this one. It should be a good time. We are having John from the Bitcoin Medellín conference in Brazil. We're also having Wesley from Tampa, from Bitcoin Tampa. And then Kent from Saz mining.

Starting point is 00:56:22 he's been on the show before he's great uh so yeah it's going to be a lot of fun uh so i highly encourage that you guys come by and uh check it out tomorrow at 6 p.m. Eastern time. Uh, make sure you don't miss it. And uh, I'll stop sharing for a moment, but uh, there's your sat market link. I crudely put together. Uh, but scan that, give it a share, uh, and, and do us a solid and just let people know, let people be aware. There's also a Twitter handle at BTC Sat Market. You can follow that. And on Nostra as well, BTC Sat Market. You can look it up and find them as well. BTCSatmarket at getalby.com. And then you'll be able to find the account there. And to finish up, of course, one more time, I'll give a quick shout out to Bitcoin Mentor.

Starting point is 00:57:19 If you want to become an affiliate, again, you can scan that QR code. And anybody that you refer to us to have us educate every single session that they book, you get $21 to be paid out at the end of the month in Bitcoin. Awesome way to stack sats. Well, new Bitcoin or stack skills. With that, I'm out. Have yourselves a wonderful day or evening wherever you may be. Please do like, sub-share.

Starting point is 00:57:45 And I'm Ben with the BTC sessions. This was your. Simply Session

BTC Sessions - MAJOR Behind-the-Scenes Moves: Microsoft, Rumble, and Saylor! ep454

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