BTC Sessions - Trump Family LEAKS Secret Plans FORCING Bitcoin To ALL-TIME HIGHS

Episode Date: June 12, 2025

The Trump family’s secret plans have just leaked—forcing Bitcoin toward new all-time highs. This game-changing development could reshape the political and financial future of Bitcoin forever.🔥 Don’t miss this action-packed episode! Subscribe, hit the bell, and join us LIVE to stay ahead of Bitcoin’s biggest moves! 🚀—------------------------------BOOK private one-on-one sessions with BITCOIN MENTOR! Learn self custody, hardware, multisig, lightning, privacy, running a node, and plenty more - all from a team of top notch educators that I've personally vetted.https://bitcoinmentor.io/—------------------------------SHOW SPONSORS:BITCOIN WELL BUY BITCOINhttps://bitcoinwell.com/btcsessionsCOINKITE/COLDCARD (5% discount):https://store.coinkite.com/promo/BTCSessions AQUA WALLEThttps://aquawallet.io/NUNCHUK HONEYBADGER INHERITANCEhttps://nunchuk.io/individualsHODLHODL NO KYC P2P EXCHANGEhttps://hodlhodl.com/join/BTCSESSIONDEBIFI LOANShttps://debifi.com/#bitcoin #crypto #btc #money

Something big is happening in Bitcoin, and the Trump family just exposed their hand. Eric and Don Jr. launched a Bitcoin mining firm just a couple of months ago, and they've already stacked 215 Bitcoin. But this isn't just another mining company. They're going public on the NASDAQ, and their entire strategy is built around hoarding Bitcoin, not selling it. Furthermore, Donald Trump and Trump Media just announced, they are in the process of raising over $14 billion to buy Bitcoin,

a play that is certain to be repeated. Now, moves like this do not happen in a vacuum. They happen when people with deep political ties know what's coming next. And they're not the only ones sending signal here. We're seeing other key players in the highest positions of government, making massive shifts behind the scenes. If you connect the dots, it points to one thing. Bitcoin all-time highs are closer.

than you may think because this is a setup we've never seen before. We're going to be covering all this and more today. So stick around because what we're about to talk about could change everything. I'm Ben with the BTC sessions. This is your weekly session. All right. Let's welcome in my co-host with the most Mr. Nathan Fitzsimmons of the Bitcoin Mentor. How you doing, buddy?

I'm doing pretty good, man. I was wondering if you checked out that new simple wallet that pairs with cold card. But most importantly, I found myself thinking, you know, who needs seed phrases these days? Have you ever asked yourself that question? Is that a good idea, bad idea? Maybe I should just give mine to you. I mean, I heard a little bit about this, and I feel like this is a hot button topic. Maybe we'll chat about this as we get into some of the tech stuff later.

But let's take a look at what's going on here with everything that I just alluded to. Let's make us all pretty off to the side here. Yeah, let's chat what is going on. The whole Trump family is very clearly positioning themselves for something that is coming, right? We've got Trump's American Bitcoin. It merged with Griffin. It reports 215 Bitcoin on their balance sheet since launch. Now, a few things here.

They did a June 10th SEC filing, disclosing how many Bitcoin. Bitcoin, of course, but they are currently, and by the way, that's worth around $23 million there. So not like huge, but it's also like ties to the president, all that kind of stuff. It's meaningful. What's $23 million between friends, buddy? That's nothing. Exactly, exactly. Now, my favorite quote here from the filing, Bitcoin accumulation is not a side effect of ABTC's business.

It is the business. So this is very Trump-esque way to say things. But furthermore, ABTC has entered into a merger with Griffin Digital Mining, and the combined company is expected to begin public trading under the ticker ABTC as early as Q3 of this year. So the underlying theme here is going to be, why now, what is coming? And so let's continue down the road here. So I also chatted about Trump Media. So Trump Media, they've already raised $2.3 billion, and they're in the process of raising up to another $12 billion.

And when you lay this out, the $2.3 billion is around $21,650 Bitcoin. And then if they were to raise $12 billion, that's another $112,000, almost $113,000 Bitcoin. for Trump media, of which Donald Trump is, if I'm not mistaken, the majority owner. So pretty massive there in terms of just the Trump family. So they're obviously plugged in. They are as plugged in as you possibly could because Trump is the president. So he's clearly going to know what is coming just around the corner. And so one of these things was discussed.

recently by the Cryptozar David Sacks, and he's talking about something called the Clarity Act. So let's take a listen to what David Sacks had to say. And this was just very, if I'm not mistaken, this was just in the past day. So we want to know that this is going to be the framework for 10 or 20 years. And, you know, because otherwise you might choose a jurisdiction to do your startup where that does provide that certainty. So, you know, at the end of the day, I think the purpose of legislation is just provide that that stability. And it's precisely because it's so hard to get

legislation passed that it also creates tremendous stability. You know, again, if you need 60 votes to pass something, it also takes 60 votes to change it. I mean, you could argue that in a way that's almost too high, you know, it's kind of a super majority standard. But if you do manage to get a bill passed, then it does provide tremendous stability in our system. And so I think there's, you know, very good chance that, well, first of all, I think the genius bill is going to pass. I think we will get that framework for stable coins, and I think we will get that framework for market structure next. Yeah, solutions grounded in legislation, stability that is built to last.

I can't think of a better theme to end this conversation on David Sachs is the... You want to know that. So let's chat about what the Clarity Act does. Nathan, I'm curious if you want to maybe... pontificate on what the Clarity Act allows for when it comes to banks and Bitcoin. Essentially, we're getting there as clear guidance and regulation results or surrounding banks cusseting and using Bitcoin. And then, of course, that paired with the Genius Act, a Genius Bill. That is then the outlook on basically stable coins, not to mention we've got the Bitcoin

Bill sitting in the wings as well there, too, from Senator Lummis. Essentially, what we've got here is a really interesting situation. that Nick Bontia had hinted at this beforehand, too, that we're coming into potentially a new phase in Bitcoin for the people that are looking to accumulate, use custody store, all that fun stuff as well, too. Team, banks don't have to take money to buy Bitcoin. They are the Fiat printing machine. People with the ability to print Fiat are now in the position where they may be able to do custody and hold and accumulate Bitcoin as well, too. All this being laid out in the Clarity Act. Yeah, yeah, it's, it's again, we're, on the cusp of a point in time where people will just see in their regular banking app, like, hey, do you want to switch over to Bitcoin? Do you have your Bitcoin account? You log in. You see you're checking your savings and your Bitcoin. Maybe Bitcoin just replaces the savings account

because who wants, like, you know, 0.2% or so on your melting ice keep. But now, this isn't the only, it's not just like the politicians, it's not just the people in position of, uh, of power per se, but also just the people, the smart money are starting to make moves as well. And so we also see, um, the two trillion dollar asset manager, BNY Mellon, they did a survey. And the survey found that 74% of one billion dollar family offices, that's not, 9,413 family offices. Or is that 9004? Is he saying the billion is 9413?

I think that's what he's doing. Nonetheless, 74% of the family offices that they surveyed are exploring buying Bitcoin and crypto. They'll learn from that second one. But there is a massive amount of capital that is just on the cusp. Now, again, the question is, why is everybody moving? Now, you could say, like, in terms of these family offices and everything,

it's that Overton window shifting and the normalization of Bitcoin, but why is Trump and all of these politicians normalizing it? What do they see and why do they see the need to do this? And so we're starting to see hints of this. Now, Trump, it's no secret that he's not a fan of J-Pow over there. Mr. Jerome Powell, head of the Federal Reserve. He's wanting him to cut rates, and Jerome is not doing that, not complying. But Jerome Powell is out of there in 2026.

His term is up. So Trump is already trying to find the replacement. And there's been rumblings that the Treasury Secretary, Scott Bessent, is a frontrunner to succeed Fed Chair Jerome Powell in 2026. Now, why is this any different? Well, Bessent is, let's just say he's a money printer go burn. maximalist. And seemingly so is Donald Trump now. There's all this talk about let's get rid of the debt ceiling.

Besant is a fan of it. Trump's a fan of it. They want to cut rates and print like no tomorrow. And there's the big beautiful bill, just exorbitant spending, adding trillions to the deficit. Like it is unbelievable. what they want to do and what they're probably going to do. And there's bipartisan support for removing the debt ceiling, which is wild, which is wild.

So yet again, why are they moving this way? Again, look at the writing on the wall here. This just today, the U.S. dollar has now lost almost 10% of its value this year. This is the DXY chart. This is wild. 10% this year as in 2025, as in half of a year. That is absolutely mind bending. And you don't think that people in positions of power are seeing this.

Again, the more interesting thing here is the shift in, in Trump's mentality, in my opinion. And we saw the spat with Elon, because Elon came in thinking he's going to, you know, doge, we're going to get rid of all the wasteful spending. We're actually going to reel it in. And then Trump drops this big, beautiful bill

with trillions of additional spending. And Elon shared the screenshots of old Trump tweets and him retweeting it. Look, I cannot believe the Republican, are extending the debt ceiling. I am Republican and I am embarrassed. That's from 2013. 2013?

Yeah. Yeah. Damn. Donald Trump, no member of Congress should be eligible for re-election if our country's budget is not balanced. Deficits not allowed. I remind you, the big, beautiful bill adds trillions to the deficit. And then again, Trump, no member of Congress should be eligible for re-election.

if our country's budget is not balanced. Deficits not allowed. Again, Elon, like retweeting the same thing. It is wild to see, but one has to wonder what happened for that about face. And in my opinion, I think that he knows this. situation of the dollar continuously losing value, I think he knows what's happening. I think he knows that they're fucked. And I think he is basically in his mind's eye thrown in the towel on like trying to stop

this and is like, all right, fuck it. We're going to money printer go burr and stack sass with that shit. I think it's full on like, let's get as squeeze as much out of this. as he possibly could and then try and hedge it with a Bitcoin strategy. That seems to be where he's leaning. I don't know. Nathan, I want to get your take here. Oh, it's very simple.

It's very, very simple. It's just pure greed. One, he's probably in the position now where he can see that this can't be saved, right? This is going to have to continue. Nothing stops this train. I'm sure Trump will figure that out. And I know that Elon would have figured out at this point as well, too. Plus, in terms of his popularity, he probably doesn't really care too much about the dollar.

If he can get the stock market up, if he can onshore jobs, that will keep the masses happy. Because most people, as Bitcoiners, we know this. They might talk about inflation more than they used to, but they still don't quite get it. They still don't quite see it. And so their house price went up, their stock portfolio went up, right? And if they're maintaining their jobs, they can actually re-onsure some by bringing that dollar down. Those are wins for Trump's popularity. Now, on top of that, jumping back, we also had the CFTC chair.

come out, I believe it was today, talking about how banks are going to accelerate Bitcoin adoption and Bitcoin use. They're going to further pump that up as well, too. Now, don't think for once, it's a big club and we ain't in it. Don't think for one second before any bill kind of goes to the floor that they don't at least have those votes in the bag or think that they do. There is absolutely conversations happening behind the scenes. They would have, I mean, call it maybe insider trading. I don't know. Would they ever do that? Would they ever take advantage of their positions of power in government on these committees and in these rooms and in these backdoor deals, would they ever think to be like, hmm, I know something might be coming. Perhaps I should position myself so that

I could take advantage of it. In regards to the Clarity Act, yes, that's one of my favorites right there. The Clarity Act is the changes bill. Really good point. I don't know. We should investigate if anybody in a position of power that knows something would possibly position themselves to benefit from knowing things before the general public. I don't know. That could be a thing that somebody might do. I'm uncertain, though. Ben, I see you've pulled something up here.

Oh, it's wonderful Nancy Pelosi. Would you believe just how much of an amazing traitor she is? Oh, my God. She's so good. I could only hope to be as good as her. She must be an absolute wizard with charts. Oh, she's got lines and curses. and Fibonacci shit all over that thing.

She knows exactly what she's doing. At least it would appear to be the case. Because if not, you might consider that kind of like insider trading and taking advantage of your position of power. I don't think it could possibly be that, Nathan. Couldn't possibly do that. But don't worry, guys. Don't worry. Trump's a Republican, right?

And that's different. And they would never do the same fucking thing. Sorry. They would never do the same thing. No, absolutely, of course it is. If you see someone who is in a position of power as a billionaire elite to begin with and is now the president of the United States, if you see him filling his bags, it's more than a 50-50 shot.

Yeah, yeah. I would say, I would say you're bearish on the percentage there. I would say you're a little bearish on that. But hey, but we are going to take a brief little break here, but apparently not everyone got the memo. And there's one state in particular that seems to really want to have fun staying poor. They,

I would posit this to be one of the largest financial, like, shitting the bed in this century, perhaps. It could be anyways, if it goes through. So we're going to chat about what state that is and what state is going to have fun staying poor near you. And just kind of remark on that. We've got a bunch on the other side of the jump.

Now, if you're enjoying the show, of course, please do smash that like button. Really does help. And also get your lightning wallets ready. We're going to give away some sats on the other side of the jump as well. So we'll see you in just a moment. Bitcoin Well is the best place to be buying and selling Bitcoin in Canada and the US. And now with Bitcoin Well Infinite, it's also the best place to be making large buys at their OTC desk of over $50,000.

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All right, we are back in. We're going to be giving away some sats here. I'm over on Bitcoinwell.com. If you've not visited them before, great place to be stacking stats in Canada and the U.S. And the QR called on the screen right now. We'll get you all set up. But we're giving away some sats.

All you need right now is a lightning wallet. We are going to toss a coin in the Bitcoin wishing well. The way it works is when you sign up, when you buy Bitcoin or refer friends, you earn points. And those points can be used to either, get yourself some swag or to toss a coin in the well and every time you do you have a chance to win up to a million sats so we'll do that right now the first person with a lightning wall to scan this

QR code will steal the sats from everyone else so best of luck and if it gives you an error you just weren't quick enough so 493 sats to whoever scans that first congrats to whoever gets it let us know in the chat if it was you uh but we're going to continue on and we're going to talk about this economic bumble of massive proportions. Let's talk about the bad decision center of the world. Connecticut. Connecticut turns its back on Bitcoin while these states are giving the green light. So this was just the other day. Connecticut passed an anti-Bitcoin law banning the state from investing in crypto assets. Now, it's very, very specific. They're full bore into do not touch this on a state level in any way. And as we've previously covered, a number of states are

leaning into the idea of having a Bitcoin treasury. Nathan, there's a few that have already gone through. Do you recall which ones were on top there? New Hampshire's on top for me. Got to love the free state there. And then there's also Arizona, kind of. And then Texas, I believe Texas is still just waiting on a signature from Governor Abbott, but it's otherwise good to go. Yeah. Yeah. And there's plenty more just waiting on it. So let's take a look at how bad this thing is. I want to read specifically what it disallows them from doing. By the way, this thing passed both the House and Senate unanimously, not a single dissenting vote across both parties. I don't know what is going on it like has a bitcoiner ever been to connecticut i was going to say i think it's there's one there's

one it must be dave bradley right there's one incredibly strong and handsome bitcoiner who's been to connecticut who slept with everybody's wife and everybody's husband and they're just shooting this down we have no one to blame but dave oh man yeah i i i i've that's probably exactly what happened but let's take a look at exactly what they said here it says um neither the state nor any political subdivision of the state shall, one, accept or require payment in the form of virtual currency for an amount due to the state or the political subdivision. Or two, purchase, hold, invest in,

or establish a reserve of virtual currency. So literally nothing. You can do nothing with Bitcoin. You cannot use it. You cannot hold it. You cannot buy it. if you have it, get rid of it. Basically, like, Bitcoin bad.

And so, and again, unanimously, like, that's the thing that throws me. Like, if it passes, it's like, you got a crappy government in at the moment, and that just kind of sucks. But, like, that's kind of the Arizona thing, right? Initially, it was just vetoed by the governor there. And then she let something pass

that was, like, a neutered version. but this was just like not a single person there was like no this is a good idea like do they what has happened what's in the water there the other explanation I have

is it's weird that they chose the word virtual currency that really stood out to me like why didn't you say digital or why didn't say cryptocurrency even though that word is stupid or Bitcoin in and of itself so I wonder if everybody sitting there thought they were voting on like the cash

in World of Warcraft or something Maybe. Maybe. Maybe they're just so ill-informed. They don't even know what they're voting on. Stranger things have happened. You know what it was? It was the gold lobby. I bet you the gold lobby got to all of them, Ben. That's very possible as well. Who knows? Who knows? But I mean, they're not the only ones shooting in the bet on this. The UK just last month, they rejected a Bitcoin Reserve. They said it's not appropriate for our market. Again, this says a regulatory collaboration with the U.S., which suggests that a potential BTC reserve was discarded. U.K. has joined Japan, Russia, South Korea,

although that may change because they just elected somebody new, and Switzerland in rejecting BTC reserve proposals. Switzerland, they're pushing it hard locally. Like, there's people on the ground being like, okay, guys, come on. Like, we know what's. up with sound money. We were the last country to get rid of a gold standard. Like, we got to get on it. I'm bullish on Switzerland figuring this shit out at some point. And Japan, it's more like the private sector that really is understood. There's a ton of Japanese companies, aren't there? Tech companies, man. Of course, in Japan, they're going to have a whole bunch. Yeah, yeah, obviously. That's fair. That's fair. And I mean, the UK,

There is some hope for them because Nigel Farage from the reform party. Yeah, like so he said, like, first of all, they're already accepting Bitcoin donations for the party. And he vowed to establish a Bitcoin reserve and pass pro-crypto legislation once he's in government. So, yeah, like if reform gets it, I don't know what the chances are. I'm not well versed in my UK politics here. but I know that the current guy, God, his face, something about his face. I do not like. We were working on the show before this.

And my buddy Matt, who works on the show, I was just saying, I don't know anything about your prime minister, but I hate his face so much. I don't know what it is. You look like the weasel that will hit on your wife and then tell you he's just a friend. Yeah. I mean, if this is the guy that she tells me not to worry about, I'm not going to worry.

Let's be fair. But still, yeah, he is definitely a total weasel. So, yeah, I mean, UK might do a turnaround. Again, you might see a similar type of thing where it's like choke point 2.0 in the U.S. And then all of a sudden you're looking down the barrel of a strategic Bitcoin reserve. So we'll see.

Now, Canada, we just elected some asshat. And we're not looking so hot lately. But, you know, so Peter St. Odge just dropped a new video on Canada's new recession that's already begun. But this directly relates to, I think, Bitcoin in the country in a roundabout way because we'll chat about it a sec. But let's listen to how bad it is in Canada, as I think Peter here succinctly describes. The Canadian recession has already begun, so says Canada's National Post, with economists now expecting Canada's output to fall in the next two quarters, the definition of a recession, as exports stumble in the trade war with Trump.

I guess the silver lining is a recession may not feel much worse than the Trudeau decade. The trade war, of course, marches on because the Canadian government will not drop barriers against American goods, including poultry and egg tariffs up to 200%, dairy tariffs up to 300%, discriminatory taxes against U.S. companies and a near lockout of Americans in the financial sector that makes up a fifth of Canada's economy. Of course, the Canadian government does this because bankers, farmers, and the infamous Quebec milk lobby have a lot more political power than Canada's essential and competitive automobile steel and energy exports. Now, considering the U.S. makes up three quarters of Canada's exports, which in turn account for one-third of the entire Canadian economy.

This is going to leave a mark. The problem for regular Canadians is a decade of Justin Trudeau has already gutted the Canadian economy. So wages are flat since 2016. Household debt is the highest in the G7. Economic growth since 2019 is the lowest out of 50 developed countries. According to stats, Canada, 40% of middle-class Canadians are living hand-to-mouth. Angus says half of Canadians are considering leaving the country. So how to get so bad? In his 10 years, Justin Trudeau doubled the size of the federal government, sending the natural debt up by a third and driving inflation that is still stuck over 3%. That's twice U.S. inflation.

More government, of course, means more red tape that strangles the economy, including environmental assessments to cripple Alberta Energy, gig worker restrictions so you cannot drive for Uber. And a new global warming carbon tax that, according to Taxpayer.com, raised winter heating costs in Canada by a third, which also strangles consumers. Yeah, so it's not looking so rosy up here. Hey, Nathan, do you want to secede? I think that would be lovely.

I think it's a good idea. You know, one thing I learned, you know, sometimes you've got to learn these things the hard way, but no relationship is better than a bad relationship, and fuck Canada, I'm out. Will you secede with me? I absolutely would. I think it would be a wonderful fun and a good, good bonding experience for everyone here. And I think it's a lot more possible than people give it credit. Yeah, yeah.

There's definitely a groundswell of support for this. I remember seeing some stats. It was a few weeks after the election here when we reelected Trudeau 2.0, lackey of central banks everywhere, Mark Carney, and support for secession in Alberta without any like discernible leader for that to happen, just like rag-tag groups of people everywhere, was in the, had gone from the low 30s to the mid-40% range. So I hope that that continues. I am a big fan of small government. I'm a big fan of the sovereign individual thesis and the dissolution of large nation states so that we can more accurately govern ourselves just in our local communities, making everybody in the community happier because you're not

having people from thousands of miles away trying to tell you how to live. Now, my question to you, Nathan, if we become the Alberta Republic, do we create a Bitcoin strategic reserve? And do we remove capital gains taxes from Bitcoin? And does Bitcoin become an option as a currency day to day. Oh, absolutely. And that's be the way that we get out of this sort of thing. So in terms of like the fact that Canada is going to a recession, right when kind of Alberta independence is gaining steam and gaining momentum is wonderfully beautiful.

Because what is the easiest, the easiest possible way to get out of this arrangement? Well, it's to buy our way out, right? And say, hey, guys, looks like you're hurting over there. We've got all the energy. We've got all the resources. We have the best producers. Bitcoiners are congregating here. We have the capital.

We've got the actual money. Well, you can hang on to that Canadian peso there. Screw it. We'll take on half the debt. Leave us the hell alone. We're out. We're done. And with Bitcoiners congregating here with entrepreneurs, the most creative,

the most productive making their way here, we've got it all. We actually have an opportunity where Canada could be so desperate, the way that the demographics are going, the way that the economy is going, the way that they choke themselves off from getting any of their resources to market. Yeah, we can basically like Louisiana purchase our way out of this thing. That would be spectacular. Side note on the Canadian Peso.

I loved the slip of the tongue from Marty Bent the other night on the show where he curiously called it the Canadian moose knuckle. Yeah. I don't know if our American friends know what a moose knuckle is, but I will not tell you on this show. Google it not at work. Yeah, yeah. Not and NSFW for sure. Nonetheless, we're going to make a little jump here again. We're going to come back after the break.

I do want to discuss that wallet that you were talking about, but I also want to discuss another device slash company wallet, founder, all of these things that's been telling people to what was it again, Nathan? Oh, we're going to just get rid of seeds. No, no, no, no, no, no, no, no, no, no, no, no, any for seed, Get rid of them. Nope, not necessary. All right. Can I have your seed? Of course.

You don't need it. Anyone just jumping into that conversation? That was the weirdest thing that they just heard right away. Don't start the video there. Either way, we'll be back after the break. Smash that like button. If you're enjoying the show, thank you all for being here. And we'll see you in just a minute.

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Now, Jack Dorsey, I think he's done a lot of good things for Bitcoin and Noster, of course. And so I definitely am a fan of some of those things. There's been a couple opinions of his, as with anybody that I'm going to disagree with. One of them was getting rid of SATs, or not necessarily getting rid of SATs, but just calling the smallest unit of the Bitcoin a Bitcoin. I am not a fan of that. I think that's a horrible idea. And I think that describing teaching somebody about what a SAT is is a complete non-issue in all my years of teaching people about Bitcoin.

That is perhaps one of the easiest concepts to tell people, hey, small pieces of Bitcoin are called a SAT. Cool. Moving on. I've never, never had an issue with that. But the latest thing is this idea of going seedless. And so I do have a bit key. I've done a video on it.

It is quite easy to use. But it's not how you would typically use a hardware device. This thing is inherently multisig. And so the way that it works is you have a key that's part of this like rock looking thing here that has a like a thumbprint scanner. So there's a key on there. There's a key on your mobile phone. And then there's a key on Block Server.

So it is a two of three. You hold two of the keys and block holds one. If you lose the rock and you still have the phone, you can go to block and be like sign with your key. If you lose the phone and you still have the rock, you can go to block and say, can you help me sign? There's also contingency plans where you can have trusted people that you know be a secondary backup for, I think the phone key is the way that they do it.

So what you could do is, if I'm not mistaken, an encrypted way of having a family member download the BitKee app and then you send in an encrypted manner key information to them that only they themselves with the app can decrypt. and then they just hold that key information, but they have no information about the multi-sig because if it's just a single key, they don't have like the config file, they don't see any balance.

They just have a dead key that doesn't really do anything other than they can give it to you if you need it. So before I give kind of my take on this, I just want to describe how it works. Nathan, how do you feel about what they've done there and the idea of getting rid of seed phrases.

Not good, but I have a few points I want to make. One, of course we're not going to agree with everyone. Like, Jack has done a lot of great work and he's done some things I disagree with. In fact, I disagreed with you about 10 minutes ago when you said small state, Ben, the answer is no state, all right? We can't always get these things right. Second, I've never heard it called a rock before, and so not having Dwayne Johnson promote it was a huge miss on their part.

Yeah, that's sad. But the thing that I don't like about this sort of idea, and I understand what they're going for there is a need for that simple kind of. And I almost, the problem is I almost view as like a transitionary tool as you're getting more familiar. It's an improvement upon a hot wall. It's definitely improvement upon being on an exchange.

But you want to set things up so that you're encouraging best practices, best sort of security consideration. So the fact that you're not getting a seed, that you have to use it on their app as well too, right? I want the idea that like, no, whatever you might be using, you can take your private key with you to a different device.

You don't have to use the like ledger live. You can go to Sparrow. Don't use Ledger Live. That's a bad idea. Don't use Ledger Life. You can go to Sparrow or Nunchuk or Keeper or Blue Wallet. Part of the adversarial environment giving you that additional security is your ability to move from one developer of different devices or even just software and bounce around. And again, Bitcoin is responsibility go up as well too.

You want to encourage people to be taking more responsibility for their money. So what I don't like is that it's stopping them from continuing that journey and it's normalizing using a pay. device and software with the inability to go anywhere else and not encouraging you to continue learning about Bickland. Yeah, that's fair. And so there's a couple things here. Number one, I would say that, again, the seedless and the making it kind of you're locked into their ecosystem, I don't like that.

I don't like the lack of ease of migration. And part of that comes with the fact that it's seedless and it's operating. on however the hell they've decided to lay it out. So not a fan of that. Secondarily, this is, you know, you think hardware, you think cold storage. But technically speaking, I would say at best this is like warm, right? Because, well, I mean, we don't really know. Because we don't know what blocks key is. So, but that's like a server. I think it's a server. It's got to be a server key, which means that, yeah. Yeah, the key is on the server.

And so that means that out of the three keys, two of them are like hot. Yep. So, you know, you get a cup of tea and you drop an ice cube in it. Your ice cube's caught. So nonetheless, yeah, it's not kind of true cold storage. Yeah, and so that's kind of funky to me too. So I guess kind of what's saving you here a little bit is the fact that it's multi-sig, the fact that block has one key, but there's still that risk of, you know, your phone gets compromised and then there's the block hot key. So it's kind of something about it is not super appealing to me.

Now, I do see a path where I think that this, like, in terms of the not having seeds, this does kind of show a path where you could just have things to take care of that aren't complicated, where it could be simple, but I would like it to give you the option to get the seeds of each key as well. this is kind of like when CASA was seedless because they actually advised people initially because they were 3 of 5. For the 3 of 5 multisic setup for CASA, they were like, yeah, you're going to set up this device,

this device, like your four devices, and they're like, yeah, and you're not going to keep seeds for them because it's redundant enough. You don't need backups of them. But I think they actually ran into, like, they just had clients that ran into issues and were losing keys and they had to swap keys out. more often than not.

So I think they stopped advising that. So I'm quite skeptical of the seedless thing. Now, in terms of security, I don't think it's quite as horrendous as everybody's making it out to be. Like, this is better than leaving on an exchange, for instance. Oh, yeah. And if a person would not have done anything

if it wasn't this simple, because it is really simple to use, then I'd say that this is better than doing nothing. So like, there's that positive. Maybe you're going to capture some of the people that were like, I don't want to do a single thing. And you're like, but look at this cool rock and you can put your thumb here. And they're like, all right, I can do that.

So maybe that's a silver lining. I don't know, man. No, I think it's very much like it's a life jacket, right? It's a life jacket. The end goal should be that you learn to swim. But if you need the life jacket for now, that's totally fine. It's completely respectful. to hopefully you continue on your journey.

There is a, there is a place for this. There is a need for it, but it's not supposed to be the end point. And I'd say even too, like of all the things they've done, the seedless is annoying and I don't think it's the right idea. But okay, the one thing that the main reason that I would not be comfortable necessarily recommending this is because there's no screen. That's the biggest thing that jumps out at me is that whatever I'm signing, I got to trust the phone and I don't want that.

Yeah, that's very true. And for a premium device that costs like 220 bucks, it would have been nice to just even just have like a little thing like a little thing. this this much Bitcoin, this address, just like a little screen or something. Jay, a tiny little screen. You don't need much. Yeah, it could have been done. Hey, side note, before we move on here, we were talking about Jack Dorsey and just changing the last, you know, the lowest denomination of Bitcoin to a Bitcoin.

Can I just mention here that? That's totally fine. Just stick with that, Jack. Let's keep that going. More of that. Totally fine. Don't take this as an opportunity to change it. Everyone just say no to BIP 177.

John Caballo is wonderful, but he's wrong on this one. The most compelling argument I've heard for that change is that if you have a full Bitcoin, it's now called a mega Bitcoin, and that sounds fucking badass. It's pretty cool. I can't deny that. But still, no. Also, you know, we've already committed the SAT market. I'm not changing that name ever, so tough.

It's etched in time. Let's now move on to something we both really do like, which is the cold card and support for that. You were alluding to this wallet earlier. Do you want to have you seen much of this? It's called Cove. So yeah, Cove, Simple Bitcoin Wallet pairs with Cold Card. I'm really said, I actually haven't played around with this one yet.

I'm not sure if I can throw it on Android, but it just came out for Apple. But from what I'm getting feedback from some of the mentors and things that I've read and heard as well too is they've done a really good job of it's just a on-chain simple bitcoin wallet but it's another option for pairing with devices like the cold card with QR and nfc support which i think is really important because even even just this week right i have wonderful clients that i'm working with and i'm having them set up you know both sparrow and nunchuck but it would be nice to have something that because i believe blue wallet i can only do a watch only i can't actually sign with the cold card on it it would be really nice to have a simple mobile interface that i can pair with the cold card

and use that. Which, by the way, if you have any other suggestions of cold card mobile that pair and are easy to use besides an uncheck or keeper, toss those in the comments for me. I'm actually looking for ideas. Yeah. So it says here, again, you can do hot wallets there. It has hardware support. So they do cold card, jade, treasur, full support for partially signed Bitcoin transactions. So air gaped.

QR and NFC support, which is beautiful. So I imagine that also means tab signer. You can track your UTXO, so you have actual coin control, decoy and wipe pin protection. Yeah, I mean, sounds pretty good. And even going back to what we were talking about earlier, right, this is something that's set up to be easy to begin with. You could have just a mobile app, and it's there to help you progress towards best practices, to get some better devices, to make those changes, even UTXO management stuff as well, too. It's an easy beginning that people can feel comfortable, and then we can kind of progress from there.

And that's always kind of something that I'm looking for. We have the additional security. Security is moving target. I've heard you say that before. We can keep moving up that stack. Yeah, absolutely. Now, I want to pivot here a little bit. Yesterday we had Marty Bent on for Why Are We Bullish,

alongside Walker America of the Bitcoin podcast and Nico over as simply, and American Opti. American Opti. Canadian Opti. You. So it was a good time. Really enjoyed it. But Marty Bent actually suggests something really cool.

So we'll say this is a session suggestion, but really it's a Marty suggestion. So that's where it comes from. This is pretty cool. It's called Opportunity Cost. See the true cost of everything in Bitcoin. So it's basically a browser plug in where every time you see a price, it inserts the Bitcoin price beside it. So you can feel bad about spending your Bitcoin.

You could have had this much Bitcoin, which is super funny. like here on zillow it shows like the regular listing and then it turns into oh this is how much bitcoin it is your iphone 799 or is it 780 000 sats oh it's sats you see yeah oh yeah it is it is in sats indeed uh so yeah you can add the extension for chrome and brave right now and they do have a firefox atom as well i did add it on my other laptop when i was playing around earlier today uh which is which is pretty cool um i i had fun with it So, yeah, I don't know. Thoughts here, Nathan, would this be helpful for you?

It will be, and I love it because it'll help me stop making stupid decisions, which I'm pretty good about, but every now and then. But if you scroll down just a little bit, I love that. If everyone, you always kind of have these frame of references in your mind that, for some reason, a price anchors, and you just compare things to that. So for me, I used to have this old kind of beater of a car that I got for under a thousand bucks Canadian. So for the American fans, basically free.

And then it was like $950 is what I paid for this car, and I drove it for years. But that became like my price reference, right? So anytime, you know, the wife had to make a purchase. If it was more than that, it's like, that's more than my car, right? And it was just, I was all aghast. And the first thing that I noticed here on the page was that price listing there on Zillow was 4.40 Bitcoin, which meant that at some point in time, if you had to stop by the Bitcoin Fawcett and got five Bitcoin for free back in the day, you could have that apartment there.

Yeah. Yeah, it's, it's wild. All of the, the fact that you would have just gotten that just because you're like, that sounds cool. All right. I'll receive some Bitcoin. Sure. Why not? Yeah. Yeah, exactly. So yeah, I quite like this. I thought it was pretty cool. So, yeah, check it out. Opportunity Cost. And in terms of adoption, too, right? We always, the psychological importance of starting to view it as your unit of account. I think this is great. Yeah, 100%. 100%. Now, there's some events coming up that I'm very excited about.

Now, Nathan, sadly, you won't be joining me at this one, but I'm headed out on Monday. I'm making my way to Prague and I'm very excited about this. This is my third year there. BTC Prague is a badass conference. It's quite big too. I think 10,000 people, if I'm not mistaken, at the last one, perhaps. So it's pretty big. But they were running Bitcoin conferences just in Czech language for years.

And they were getting 2,000 people out to those. Yeah. So just for people. the Czech Republic. Anyways, this is going to be awesome. So lots of people there. Taylor, out of back, Jack Mallors, Mark Moss, you know, Jimmy Song, Larry Lepard, tons of people out there. Yeah, I'm quite looking forward to it. Now, I am going to be chatting on a couple. So if you're going to be there, let me know. But on day one, I'm going to be on the expo stage. And I will be first thing in the morning. And I'm going to be chatting with, I'm going to be with Tony from

from the Bitcoin way. That guy's awesome and a few others, and we're going to be chatting about different ways to handle Bitcoin custody. So that would be a good one. That's at 10. And then on the Friday, I'm going to be on the main stage.

And I am going to be alongside, if I can find us, there we go. I'm going to be talking about freedom tech evolution. So how are we using Bitcoin? as freedom tech everywhere. And I think given that I just got back from Oslo, the Freedom Forum,

and just did a webinar with all the human rights activists, I'm very much looking forward to this chat. Although this is actually, I guess it does apply to that, but they have me on as a moderator because of the trucker protests. But all of the people on the panel are people that have been censored in some way,

shape, or form. the one that stands out. Pete Evans, he was a celebrity chef, and then he basically got deplatformed and he turned, quote unquote, unfiltered truth teller. So anyways, I'm excited for that one. It should be a good time. But let me know if you're going to be in Prague. I know someone that's going to be there. Sneak peek for what's coming out on next Tuesday's episode. There's also going to be a wonderful art exhibition from Maidex. Yes. Yeah, he did the art last year and it was, it was incredible. So I'm pretty stuck for that. Also, somebody else that you recently had on. Katie from Plan B Passports is going to be there too. Oh, beautiful.

Yeah. So I'll leave this up down here. If you're going to be in Prague or if you want to go to Prague, there's 10% off tickets on that QR code that's on the screen right now. Now, that's not the only thing that's coming up because right after I get back from Prague, you and I are actually going to be doing some local events here. So further encouragement for people to come to the SAT market, It will never be the Bit market. I'm sorry, it's not happening. It is the Sat market here in Calgary. We are closing in on a record number of vendors for this one, actually, which is pretty

badass. So anyways, we've aggregated people from the Bitcoin community here in Calgary, as well as all over kind of southern Alberta, some from B.C., some from Saskatchewan. But people are coming in to the SAT market. and I'll switch out that QR code. Please do come. If you're in the area, if you want to come into Calgary and see what's up, it's not just the sat market that we have.

That's going to be the Friday night. And I think, again, I want to push the idea that building a local community to be able to actually use your Bitcoin is so damn important. This is the path to censorship resistance. If you always have to use an on or on off rep to successfully use your Bitcoin, then you're kind of easily shut off, right? Like if you're just a person with Bitcoin and you know no one with which you can use it and all of your on and off ramps have been closed and to buy a product,

you now have no method of using it. What are you going to do with your Bitcoin? So I think it's super, super important that you build a local community of like-minded people and actually start using Bitcoin amongst each other. the important thing is that you spend less than you earn and you're going to be good. So come check that out, but this is just bookending the Bitcoin Rodeo, which will be happening that week as well. So that is June 20th and 29th here in Calgary, close to the Rocky Mountains.

We've got Francis Pooleyout from Bold Bitcoin. We got Nico from Simply Bitcoin. Eric Kaysen. Of course, Dave Bradley, Maidex, Nolan, Bowerly, Adam from Bitcoin Well, Steve Barber, from upstream data. We've got Julian from Get Based. Seb Bunny, author of the Hidden Cost of Money. Canute's fan home is coming out.

And Luke DeWolf, his co-host on Infinity Show. And of course, Katie from Plan B Passports is going to be here. And my co-founder of Bitcoin mentor, Mike Cook. Tons of people making it out. Also, Tamara Lick, Litch from the Freedom Convoy. She was organizing

that as well. I got to meet her at the at a recent event. Yeah. So very excited to have everybody here in town. It's going to be a lot of fun. So yeah, come on down. And not the last thing.

We have our Bitcoin Survival Workshop with Bitcoin Mentor in the Rocky Mountains on the Monday the day after the Bitcoin Rodeo. So I highly encourage that you guys check that out. There's limited spaces. There's just a few spaces. thoughts left. But basically, actually, Nathan, I'm going to let you rattle off. What do people get when they come to the Bitcoin Survival Workshop? You get an absolutely full pack day. We're starting

off with a hike up the mountains, then we're going for breakfast as a team. And then we got basically like six hours of workshops. We got a lot to get through. We took a lot of the lessons from the trucker protest as well as from your work with the Human Rights Foundation in order to basically go through like advanced security features, group multi-sig operations and communications there as well too. then we're going to get into privacy aspects as well. We're going to make sure that everyone's leaving with a new cold card that they know what they're doing. We're going to cap it all off with dinner. You get to stay in a luxury hotel as well as cigar and whiskey hangout at the end.

The cigar and whiskey is going to be a nice little nightcap there too. I'm looking forward to that. Also, Alberta beef is delicious. So that steak is going to be great. And it would be cool to show a small group of Bitcoiners in the mountains. That's going to be awesome. With all this too, I just want to point out, like I'm not saying this. this is going to happen, are these things sort of happen, but maybe they'll kind of happen.

But if you're someone who's maybe Alberta independent-minded, right, if you might have some supportive feelings for that sort of thing, historically, a lot of big political movements, maybe little revolutions of sorts, you know, those decisions and the big conversations happened, you know, between small groups of people inside of a pub. And so around the sat market and around the Bitcoin rodeo and around the workshop as well, too, some of us will be hanging out in a pub. So maybe you want to go join that conversation. Probably not a bad idea. Awesome. Well, dude, I'm, I'm quite looking forward to it. But everybody that's watching, thank you for being here.

Make sure you smash that like button. It really does help. And we're out of here. So we'll just leave you with, again, that final thought. Keep stacking stats. But never forget, keep stacking skills. Go check out all the educational content on the channel. And make sure that you're always leveling up.

Anyways, with that, I'm out. I'm Ben. This is Nathan. And this was your weekly session. We'll see you guys again soon.