BTC Sessions - Why Are We Bullish? BTC All Time High Nears ep117

Episode Date: November 20, 2020

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Wasabi wallet and fairly private. Hello, hello, welcome everybody. I can see people already piling into the stream. This is yet another episode of Why Are We Bullish? We've got a great stream of guests that will be joining me shortly here. We're going to get rolling on this, very excited. But without further ado, let's get this thing going. All right. So as I said, this is why are we bullish? Again, getting used to the live streaming here on Restream. And, you know, it's always a work in progress. So barring any catastrophic things, I always preface it with this. We're doing it live as my friend likes to say.

We'll do it live. Okay. We'll do it live. I can write it and we'll do it live. I think sucks. I that may happen. It might happen. We will see. I don't know. But anyways,

let's take a look at where we're at. I'm going to share my screen here. Hopefully everybody's seeing this again the other day. Some technical difficulties. But I have the Bitbo dashboard up here. We're sitting at around 18,630,000. We've seen a little bit of a bump earlier today. And as far as SATs per dollar, what are you going to be picking up?

Sats per dollar? You're going to be picking up around 5,367 Sats per dollar. That is going down. Stack those stats while you can. As far as fee estimates, if you're trying to get a transaction through, super quick, next block, it's going to be 53 SATs per byte. If you're willing to wait an hour, 10 SATs will do you. And if you're willing to wait a day or beyond,

you could be looking at around one sat per byte. So not bad. 88.33% of all Bitcoin has been mined as of today. Just a reminder that as of December 15th, 2021 next year, 90% of the supply mined and gone. And we mentioned this last show, but Bitcoin Treasury is this is my new favorite metric to look at. Companies reporting Bitcoin holdings, 23 of them, 842,000. 351 Bitcoin held in treasuries, percentage of total Bitcoin held in treasuries, just over 4%. And that comes in at about $15.68 billion.

Crazy. I have a feeling that metric is going to matter a lot this bull run. It's going to be crazy. Now before we dive into the actual show, of course, got to give a shout out to sponsors of the show. Leaden.a. This is where you can use your Bitcoin for a variety of different services. They've saved my ass on more than one occasion.

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These guys are fucking killing it, CryptoCloaks. They are hardcore Bitcorners making swag with their 3D printers, and they've got a fleet of them. I've got my Node shell. I've got the Bitcoin grenade on the way as well as the Triton. They've got the Citadel flag, sticker packs, covers for your hardware, all of that good stuff. Go check them out, Cryptocloaks.com and use code BTC sessions at checkout for 5% off. I would be remiss if I didn't mention that Kobo Vault, their Black Friday sale is starting now. Now, if you have not hit it, if you've been holding off on checking out Kobo, now is the time they've got their deal on now.

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So be sure to check out Bit Refill. There is a link in the show notes down below. And that's it. That's there's my ad reads out of the way we are diving in. I'm going to start bringing in some of my friends here. We've got one, we've got two, we've got three. All right, welcome gentlemen. How are you guys? Good. It's great day. Awesome. Awesome. So I'm going to I'm going to go down the line. I'm going to let you guys introduce yourselves. By the way, I may as well double check because who knows the chat might be blown. Were you guys able to see and hear all that stuff that I just said?

Yeah. Okay. Okay, cool. So I didn't screw up too badly here. So anyways, we're going to dive in. I see people in the chat already chatting it up. I will be highlighting some of those comments. So you guys live on YouTube or wherever you're watching this from, feel

free to drop insights into what we're saying and I will be bringing them up on the screen. Like, who am I bringing up here? Krister. Christer? He says hi, but I'm going to be doing that all show. Whoever has insightful stuff to say maybe beyond high, I will bring it up. But anyways, I'll start with you, Brian. Can you introduce yourself and let people know who you are?

Sure. Cool. Thanks for having me. Hi, I'm Brian Lockhart. You might know me from Twitter. It's where I do my most quality ship posting. I am in Seattle area, Washington, USA. I run the Seattle Bitcoin meetup.

I'm here to help celebrate the Pumpitude that we're experiencing today. I've got my lucky Genesis mug. I've got a crypto-cloaks grenade ready to blow up a bear behind me when we cross our old-time high. Got my nodes summoned in the background there. I used to work at CASA, so I'm partial to CASA nodes. And yeah, I'm happy to be here. I got my lucky Hottle shirt. Perfect.

You are swagged out. I love it. Anders, welcome to the show. You're no stranger to the show. Can you let everybody know who you are? Yeah, absolutely. So on Twitter, Danish Hoddle or A.K. Anders, my first name. I, my background is I'm an economist.

I've always, it seems, had a good luck with investments. But I came across Bitcoin not looking for an investment, but because I felt there was a problem with the monetary system. I felt there is the central bank is an issue. So that's where I came across Bitcoin because someone in a video looking at that brought it up. So what I do today is I run the toxic happy hour on YouTube together with my co-host, Poplord. We've been doing this for a little while. You've been on once and we're looking forward to have you back on again soon. And then on E-Toro, where it's called social investing.

So it is basically different traders or popular investors make their trades. Everything is public information. And then people who feel that maybe they don't know what to do, they can go in and read our analysis and say, hey, I'm going to allocate my thousand dollars to this guy or this girl or whatever and then whatever I do in real time is done in these copy copiers portfolios and it's been going really well there we'll get into that later because it's part of one of the reasons why I'm bullish so so it or Twitter I'm very active toxic happy on YouTube and the reason I'm wearing this because on the toxic happy we just had two pro bowlers from Tampa Florida

footballers and we're there are bitcoins as well so we're talking about talking about football, Bitcoin and the other people in the club and that whole interaction between Bitcoin and Bitcoin is and other people. Awesome, awesome. Well, welcome and I will pass it off to our last guest. Lixon, can you let everybody know who you are, what you're all about? Yeah, thank you. Thank you for having me, Ben.

I'm Li Xin. I'm the creator of Koppel Vault. And just as mentioned by Ben, that we just started our Black Friday campaign today. And it's like 5 a.m. here, so I didn't slap too much because I did a lot of customer service for our users for the Black Friday campaign. So if I'm not in a good vibe, please forgive me. And also, I'm a really, really proud father. So it's 5 a.m. here.

So if I recall my son, and if he came out from that door, maybe he need to stay. steal me from you guys for a few minutes. That is all. Yeah. I know the feeling. Yeah. Who knows? We might have a visit from my daughter at some point, too.

Yeah. Well, gentlemen, welcome to the show. Very happy to have you all here. And the whole idea of the show is why are we bullish? And this can be a current event. this can be just a new technology or something happening in the Bitcoin space or it can just be a general feeling. It could be really anything. But the whole point is is Bitcoiners tend to in general over the long term be very, very bullish, regardless of what's going on.

It just happens to be a bullish day regardless. So I'll start us off with a topic that we can riff on and then we'll go down the line and everybody can give their reason once we riff on each topic. So I'm going to start us off. One of the things that has me very, very bullish this time around, because it seems, I mean, we're very close to previous all-time highs. It seems like we were leading into another kind of 2017-style bull run. But this time around, there is so much excellent educational content. And I'm really bullish on the proliferation of these really indefinitely. depth thinkers in the Bitcoin space.

You get your, your robber breed loves and your Parker Lewis's that are putting out these pieces that are quite insightful and look into different ways of thinking about Bitcoin and considering it and its implications. Even like John K. Valis was on the show, I think it was last week. And again, a really solid thinker in the space and asked a lot of good questions when it comes to, not, not just what is Bitcoin and why is it bullish, but what are the greater implications on society? If Bitcoin really is utilized by everyone. And so seeing content like that come out and it being able to proliferate on top of educational content. Now I know I'm a little bit tooting my own horn here when it comes to educational content,

but there, when I first started my show, there was not a whole lot that people could go to. know, there was some more technical stuff, but there wasn't a lot. Now, there's tons of people offering tutorials and great ways to learn about what you're using and how to do proper security. I think it's incredible. And I think that people coming into the space, even though there's a lot of information to parse through, they're going to be in a much better place than they would have been three, four years ago. So I'll pass this down the line. Anybody can jump in if you have some thoughts there, but take it away, anybody. Yeah, I, maybe I just wanted to echo just what Ben said about the educational part,

because I'm making hardware wallet. I'm talking to very hardcore bitcoiners like Ben, like Brian, like Anders. And also I'm talking to a lot of like daily toddlers. So I feel like that for the bullish run, I feel like the user experience of Bitcoin is really, really important. Just echo the Benzad, the educational stuff. The user experience is really, really important. We can see that a lot of, like, it's easier and easier for people to buy Bitcoin, even without KYC information. And also it's easier and easier for people to huddleing.

like using software wallets and hardware wallets. And also you guys can see like for hardware wallets like codecard and us, we really, really appreciate the interoperability of the hardware. So you can use anything, like you can use the, you can use the hardware with any software wallets. I think the user experience is really, really important for the mess adoption of Bitcoin. And also I can see that. that for the user experience part,

I can see that also this year, I think you guys must have seen that a lot of like multi signature stuff are coming out. So it's easier, it's much, much easier and much safer for people to do self-custody with multi-signature. So this is the most, because I talk to hardcore Bitcoiners, maybe they're like just,

Like Brian, we had a conversation on Twitter before, just like Brian who's a big believer for Taproot. I think hardcore Bitcoiners really like that. But for really average users, the user experience, the most basic educational stuff for them is really important. Here, the educational stuff, I mean, for example, they will ask questions for me like, what if the hardware, what is broken, how should I recover my Bitcoin, this kind of question. So from my standing point, user experience and educational stuff, that's really, really important for the bullish run. Yeah.

Yeah. 100%. Anybody else want to jump in, Brian Anders? Sure. So, I mean, like, I'll echo the, I guess, not concerns, but I'm appreciative of the strides that have been made in the last couple of years since the 2016-17-era in making it easier for normies, like regular people. like regular people that aren't tech nerds. I came into Bitcoin from a hard engineering background, and so I indexed on it from a technical perspective,

probably a lot like Winston did. And so it's important to not forget that you're not always the customer of the things that you're making. And what is important to you might be so far in the weeds to a lot of people that are just coming to Bitcoin for whatever other reason. And so in the last couple of years, during the bear market, we really made a lot of strides with bridging that gap

and making it easier with education channels like yours. I remember, like, I would hand off a lot of people towards your YouTube channel because you explain things so much more eloquently than I could in layman's terms than I could. So I would get into conversations with people at meetups, and then I would say, let me follow up with you on that. I would find one of your videos and toss them to you. Because you were just much better delivering those kind of message.

And actually, I've stolen your sound bites numerous times as you explain things better. Well, that's great. Thanks, man. Yeah. Well, it helps the whole ecosystem. And then I think we got kind of surprised in a positive way. We've been busted our ass building this better U.S., better tools, like make it easier than ever to run your own. It makes it easier to never to have a high-end hardware wallet. It's getting there so Normie can do multi-sig.

I don't think it's quite there, yeah. But it's way better than it used to be. close. It's getting there. It's getting there. And so here we are building all this great U.S. And then like, I don't know if you saw Neil Woodfine on Twitter. He made this great snarky tweet like, boy, sure, glad we spent all that time developing on making UX better. Because really, we just got snuck up on here by people that are all into it for sound money and store of value. And so we have all these institutional guys, our treasury buys. We talk about that. And I suspect, I'm sure a lot of people do, I know they do, that that is a

big, strong, steady driver in this rally. We've got people that have gotten on, Michael Saylor flipped a bit and figured it out. There's other people they're doing it that aren't being so public about it, but people are making these larger buys. And these aren't people that are looking at for medium exchange unit of account,

any of that kind of stuff. They're not gonna be out trading it with people, even on exchanges, they're not gonna be using it to buy a coffee anytime soon. They're looking at this as a store of value. I guess that's good, though. I mean, it's a very powerful narrative. And if it brings more people into the space and it moves Bitcoin as a whole,

further on that evolution of money continuum from collectible to store of value to meaning of exchange to unit of account. Like, we are still in the very early stages of it. And the sooner we get into a solid store of value phase, the better, I think. And maybe this area is the one that happens. It's not going to stop me and others from building better U.X, though. Yeah, 100%. Anders, what about you? What are your thoughts on kind of the state of content, education, utilities for newcomers to utilize this time around?

Well, I just want to echo Brian here that, which this stuff that you put out of educational content, I'm really sending people now every day to your channel because you make it easy. I love what you do. It's phenomenal. I don't need to tell your viewers right now because they all know that. That's why they're here. But I'm trying to send you some new people. And so I feel it's getting better and better and more user-friendly.

It's not quite there yet at the level where it's easy for my mom at all. But are you asking now also what's making us bullish or are we doing sort of like? Well, let's wrap this one. Any last thoughts on this and then we'll get into another topic. I mean, we're getting there. So in terms of usability and content, I say just people sign up for your channel and watch all your videos. And then it will get easier. But I would say where there's a will, there's a way.

So even though it's not super, super easy now, if somebody wants Bitcoin, they can educate themselves and get some Bitcoins. Bitcoin. Yeah, absolutely. Yes. Now, we are going to jump into another topic here. I'll pass it off to one of you guys to let you know, let everybody know why you're bullish. But before I do that, I did want to say, currently we have just shy of 60 people watching live. If you're watching on YouTube, please do smash the thumbs up the like button because it gets the video in front of a lot more people that appeases the algorithmic gods over at YouTube.

So be sure to do that. And if you're watching this on Twitter or whatever, you can give it a retweet. It really, really does help. but welcome. And if you're in the chat, drop more chats. I'll bring them up and we can chat a little bit about them in the show. But I guess since you just had the horn, I'm going to give it to Anders. Anders, maybe you want to chat about why you're bullish.

And I believe it relates to a little bit of what you do. Yes. So absolutely. So on Eitor, you know, I'm 100% focused bitcoins competing against, you could say you're competing on performance against, people that have more of multi-coin to speak nicely in their portfolios. And it's very bullish for me. I was saying it since summer, actually, to people, look, you think now that everything

else is going to go up just because Bitcoin is going to go up. But don't forget that it's the lack of supply that is driving Bitcoin higher. The others don't have that lack of supply that Bitcoin has. They didn't have the having for the same extent. So for that reason, I said, look, don't expect these old coins, dirt coins, whatever, to follow suit. You could swear. That's fine. Okay, chip coins.

So that has, hey, yeah, we do the same on my channel, but, you know, I don't want to go break your rules here. But so on E-Toro, where I'm competing against these guys, around the beginning of October, you know, me, thanks to Bitcoin. So it's really Bitcoin outperforming. I just have that 100% focus on Bitcoin. Bitcoin put me ahead, performance-wise, of those other popular investors. We were neck-and-neck around, I think, 80% in 12 years' performance, which basically was what Bitcoin had done. And at the time that you had me on your channel, which was the 8th of October, at least that's where you published it, at that time I had around $300,000 under management. and I was the second most copy investor.

I was neck and neck with number one. Since then, thanks to Bitcoin, well, his performance, because he's everywhere, it's 81%. Bitcoin has helped my 12 months performance to go to 119%. So why the old coin portfolios that I'm competing with have been flat in terms of popularity, mine has gone as parabolic as the Bitcoin price. So I checked a few days ago, I had $1.3 million on the management. And that has now gone up with $300,000, like $300,000 since three days ago,

which is, you know, it's really telling. And we didn't really, we didn't even reach all-time high. So Bitcoin is proving itself on the price performance compared to shit coins, that it just is better. It has the lack of supply. It has the future. We at the beginning of the bull run. We didn't even pass the all-time high.

And I'm seeing this kind of influx of people who want to allocate to what is best performing, which happens to be Bitcoin. So to me to be here at this stage now is kind of mind-blowing. And I'm very ecstatic about that. So that's one thing. And the other thing that has me yesterday, I believe it was, I changed my target that I mentioned. on your channel on that show where you were kind to have me on,

where I have my talk, as I believe we will cross 200,000, but I sent a graph in our group chat here for the show yesterday. I don't know if you can or want to bring it up. Otherwise, I have it here, right? So the tallest one, the black one is from their first having response, which was very, very solid. it because stock to flow was accelerating higher back then, for each epoch, it has been still going

very fast up, but not as fast as in the beginning because we came off zero. So it's been a very good case for saying, which is what I said on your show, that look, each bull run, it gets longer and it gets a little bit less steep. However, if you look at the 2016-17, which is the blue one, then exactly. right now the red one, which according to me is supposed to be below the blue one, it's actually outperforming, which to me, you know, my conclusion is, well, first of all, it does make me look a little bit, you know, stupid because I said it's going to be less steep and it's not. But what my conclusion is that the amount of quantitative easing on steroids that we're seeing because of COVID is just,

it's taking this graph higher. So in my perspective, this graph right now not only is higher, but it's still going to be longer. So that target of 200,000 plus, I have now changed to 300,000 plus, I would say, for this bull run. And that I expect to see that, let's say, first Q1, latest Q2, 2022. But at the same time, I will say that the risk, as I described back in that show, Ben, the risk of hyper-bitronization, hyperinflation, fiat currency collapse, which are all three the same thing.

The risk of that happening in this epoch before the next 2024 having, in my opinion, has gone from 15% to 25%. So that risk of global currency collapse is more real now. And that's why we could go parabolic and not have another bear market. I still believe it's more likely that we will have a bear market. I give that 75%. But we could just end up going to the millions before the next having. I'm bullish.

I love that. you're so those unclear on what's going on here uh danish hoddle here andrus here his his whole strategy is just hold bitcoin and it's gotten him as the number one followed et toro trader it's but it's it's i mean i i think most people watching would agree that's probably the best way to go about it's It's just hilarious that the... I guess I could be a trader. I could be second-leased to him. It's so easy.

It's so easy. I got to pinch myself. Yeah. Yeah. It's super funny. I mean, so yeah, like, basically what you're saying is you're seeing a lot of people pile in to the Bitcoin-only trade. They're piling in and banking on just Bitcoin.

So are you thinking, I guess I'll put this question out to everybody here. I still think that there's going to be the, you know, some of the alt-fomo this time around. There's going to be some of it, but I don't think it will be quite as pronounced. Like there's a few things I don't think are going to happen. Last time around 2017, there were like two, three coins that all threatened the flippinging. We saw Ethereum do it. Ethereum came the closest, but couldn't quite, I think it got to like 75% in terms of market cap. you know we had the drama with B-Cash where you know even though it was kind of artificially pumped up

we still there was a little bit of worry there where people were like well what if they actually start to grow and then i mean nobody gave it any credence but xRP we're always screaming flippening which that's i think those people have all gone back to their cave but regardless i don't think there's going to be anything that really is decipherable as even having a chance at doing a flippinging. I don't think we'll see Ethereum get to its previous all-time high in terms of Bitcoin. Dollars, yeah, maybe. But in terms of Bitcoin, I think people bleed sats when they play these games trading back and forth between other coins. And if you're long term, if you have a low time preference, then Bitcoin is for.

you and that's what I am all about and that's what the show is all about is thinking for the long term and not you know rolling the dice so I don't know if anybody has anything to tag onto that yeah yeah actually because I'm making hardware so so I always tell my team for example previously defy was really really hot and my team was asking me that should we get into defy and let our couple votes supporting defy I just said no I just said that for hardware, it's quite a long-term thing. Because for software wallet, you like iterated it every week. But for hardware, the manufacturing, the logistics, everything, make everything slow.

For example, you develop a hardware wallet. It takes you one to two years. Otherwise, for a software wallet, it may be only take weeks. So I always tell my team that you always take the compound from the compound interest thing from our product and we also have the mentality that we should take the compound interest rather than take some very like quick time very quick interest or quick gain from either your portfolio or your effort or your daily work this kind of thing so for however our mentality is really compound i think that really aligns with the mentality of bitcoin so when when anders was introducing

his portfolio for Itoro. I were thinking that if I were a Eitor investor, I would definitely take Anders portfolio because I'm a long-term investor. If you are a long-term investor, you have to take on the most long-term guy on Intoro and also focus on a long-term value for that. I think that's the most people. I was really some days ago, I think a tweet by CK he said that the most hard thing for Bitcoiners is just doing nothing. I think that's really, really smart.

I said that you just do nothing and let the holy light of time shines on your orange coin. That's what you should do. You should do nothing and put your money on Ender's portfolio and let the holy light of time shines on that portfolio. Yeah. That's my point. I tell people that I was fortunate enough to trip into Bitcoin fairly early. And then the best thing I ever did with it was I quit my job on Microsoft to go join a startup. And I just had tunnel vision for five years.

And I just had no time for my hobby. And I just forgot all about Bitcoin. But come up for error. Hey, whoa, look at that. Yeah, absolutely. I was going to say when in regards to the hardware front, you know, last, last bull run and kind of going into the bear market and everything. I did have a lot of people send me devices to play around with

and potentially do videos on. And by and large, I found a lot of the ones that I was getting, especially after we were starting to dither out from the bull market, everybody had built and marketed based upon, you know, we have to add every coin. That was the goal. It was like, oh, this is hot right now. Add that.

This is hot. Add that. Add that. But then I would go and I try to use it with Bitcoin. I'm like, oh, they haven't added Segwit. They haven't done this and that. There's no replace by fee. There's no manual fee entry.

There's like all of these different things that I wanted for Bitcoin was pushed to the sideline because it was let's add more coins. let's add more coins. And so, you know, when I started chatting with you guys at Kobo, that was the first thing I noticed because I used one of the older coboes and then, and then you were like, listen, we've made some changes. We've kind of changed the trajectory of what we're doing. And I played with my cobo and all of a sudden I was like, oh, I can use this with Blue Wall. I can use it with Electrum and Bitcoin Core and Wasabi. and they have like RBF and they have like, you know, they're using Beck 32 addresses.

And all of these things that were actually important to me were right in front of me and I could actually utilize. And so that's why I kind of came to love using my cobo. And I think as you alluded to, it's it's the long term choice. It's the, you know, people don't want to know if they're, they don't want to be wondering, am I going to be able to use Bitcoin efficiently or am I not because this company decides to spend all of their time trying to support every fork and every random token under the sun instead of devoting those man hours to making Bitcoin first and foremost the most efficiently used? And that's kind of the direction that I feel you guys are going. So again, to Anders point, as far as allocation, allocation can also refer to man hours and educating yourself and a lot of different things. So I think that that laser focus, it does better for everybody.

But I'll let Brian tag on there anywhere if you want to touch on. I can echo a little bit about that. Like if you make a decision to support X number of things instead of one, coin, for example, you're just signing up for a future of hell. Like from a software and hardware perspective, the hardware engineering, that's a high cost of failure and you really got to get it right because, yeah, there's at least 18-month cycles there. Software, it's cheaper, but still, you're spreading your team.

It costs more things. And you're just building tech debt on all those different lanes. And then, oh, my gosh, okay, I was making traction on this, but now all of a sudden, there's a scrutiny vulnerability. You've got to turn my pivot and go over, worry about that. Imagine what it's like for a shit coin casino of exchange. You have to run all these nodes and not all nodes are created equal. Some are very reliable and rugged and just don't fall over and others just require constant handholding.

I talked to some guys at working casinos. They just tell me the horror stories of maintaining nodes for all these different coins. Yeah, there's a definite penalty to multi-coinism. Yeah, 100%. I want to bounce back to something Danish Hoddle was saying about how of the three lines and how they're similar. but the current one is seemingly spiking harder earlier. I got a theory that the, not to be derisive, but smart money versus dumb money,

like institutional versus retail. I think that we're getting this like goose from smart money, earlier, bigger institutional guys. They're coming in and maybe just setting the floor higher before the retail spike or fomo, if there is to be one, hits. And I'm based on that just, intuition and seeing what's going on out there.

And also just in my own in real life experiences, I have yet to see the regular casual retail type interested people. Like my friend's coming up and reaching to ping me about something. Like the Google or Microsoft or Amazon employee in my neighborhood that knows I'm the Bitcoin nerd and they reach out to ping me. That hasn't started to happen yet. But I am getting the guy I know who works for a family office talking to me. So it's like, okay.

So I think that might be explaining that spike in the red line. And maybe when those guys are done or they're done eating for a while, then it starts to slough. And then we get whatever retail hit happens after that, maybe. Yeah. I think that there's something different this time around, that's for sure. Sure. And part of it is narrative and then who that narrative is pulling in.

And right now, again, you're just starting, at least me personally, I'm just starting to see the hints of some kind of, what, normies or like retail style people starting to maybe, but not even really that interested. But you do see, and you're seeing it all over, you know, major news programs and your CNBCs and your Bloomberg and stuff like that. You see these people running hedge funds talking about this. You see these macro thinkers that are talking about this. And the average person, you know, isn't really in tune with like macroeconomics. But these guys know and they're, you know, we've seen one of the most bullish charts that I've seen was the price in relation to Google search volume. And Google search volume is effectively no, no different than what it was.

like prior or like well after the spike or well before the spike in 2017. So we really haven't seen that retail style FOMO. So it's very interesting. And I definitely think you're you could be right where an early floor is being set to very little fanfare and now. I think also like not to be too much of a downer about it, but I think that just regular people like smart money, the institutional guy, that's their job.

They're doing well in this world. matter what. But out in the real world right now with COVID and shutdowns and economic struggles, the regular people are, they got a lot on their mind right now. And a lot of them are getting pummeled. And so they don't have free cycles as much as they might otherwise to be thinking about, hey, what's some fun money investing I could do? So maybe maybe that retail FOMO is kind of on hold because of all the macro pain that's going on out there. I don't know. Yeah, 100%. Well, Let's, we're going to dive into another topic here. I will say there are around 75 people in watching live right now.

If you're on YouTube for sure, smash that like button. That really helps these videos get in front of more eyeballs. Smash it over and over, smash it. And give it if you're on Twitter, wherever, give it a share, give it a retweet, whatever you do. It all helps. So thank you for doing that. And if you're in the chat, drop some gems like Frank here, who says, he says, pack it up, loser, Bitcoin is done. Well, Frank, credit.

So I guess it's over. So I guess, guys, sorry, let's end the stream early. I think it's over. Too bad. Only up, you know, like, you know, what are we on the one? Instead of 200 times or 300 times. Yeah. Yeah.

This is painful. Yeah, it's unfortunate. We're literally over the past month. We're only up $5,739. I think he's right. It's turning around. It's about to dive. But anyways, let's dive into another topic here.

I'm going to, maybe Brian, I'll let you take it up. What has you bullish these days? What are you excited about? I touched it on a little bit. And as opposed to the last time we had a hard fork or a major update to Bitcoin. I'm not talking about Bitcoin cash forking up. that. I'm talking about how the big blocker versus small blocker debate, which turned into Bitcoin Cash, like how hard was it to get Segwit in there? That was a very contentious

period to make a technical change to Bitcoin. The only thing similar going on right now is Taproot, which if you look around, like Lixon follows this probably too, there is zero conflicts going on right now for this. I've been following it on the dev list. And like nobody is contentious about it at all. There's been some minor discussions about how to signal for it and how to activate it and what method to take, but nobody is vehemently against it. And so that for me is bullish in that, oh my gosh, we're not going to have a fight here. It's just going to go. And hopefully it's just like, it's a non-event. How nice would that be? So that's a word reason to be bullish, but as a software nerd, that's a good thing. Like, just if you're building a foundation and it just works, that's awesome.

Yeah, and to tag on to that, like even outside of the actual activation of Taproot itself and what those implications are, but just the idea that I think a lot of the most contentious individuals forked up with Bitcoin cash. And we've seen it play out again and again in. So rather than try and find consensus around something and if you're if you're not part of consensus conceding. going along with it. We've seen that from somebody like Luke Dash Jr. He's he's like, well, you know, I would prefer 300, 300 kilobite blocks instead of one megabyte blocks. But I also, yeah, exactly. But he says, I also concede that that's probably not going to get consensus. And but this is Bitcoin. This is what it is. And so the individuals that could not settle for that, I mean, sure, they're absolutely free to go off and do their own thing.

albeit I will say that the tactic of trying to say that it was Bitcoin was a tad malicious. But besides the fact, we've seen kind of that mentality of if I don't get my way, I'm going to fork again, happen multiple times now. Right? We saw it where Bitcoin Cash splits. Then we see it with Bitcoin SV splitting off that. And then we see Bitcoin Cash splitting yet again into, I don't even know what. what the state of that is now. Yeah. But again, like, I think you're right in that the contentious nature of some of those

individuals, it was, if it wasn't that, it was going to be something else. And it has been multiple times. Whereas I think Bitcoiners are, it's a meritocracy. And if a good idea bubbles to the surface and, you know, we're not, we're not going to throw it in overnight. and we're going to be very conscious and careful about it. And if it doesn't gain consensus, it's status quo, right? And that's kind of the concession that you make when using Bitcoin. And I think people are less ready to split over anything that's on the table right now. And I look forward to the day, honestly, where Bitcoin ossifies and we don't, where we just got our solid base and that's it.

But it's nice getting in things like Taproot, while it's still malleable enough in a backwards compatible way. Yeah. And I think as long as the project continues to attract fresh talent to come in, and I've had this conversation with folks, like there's a lot of developers and it's maybe it's whatever, judgmental to say this, but I think a lot of young developers, especially they want to work on run, fast, break things type attitude.

They want to make quick changes and make really visible, splashy things. And of course, there's a lot of, like, you get a lot of reward for doing that. And it's less sexy to work on some plumbing in the back end of something. So you need, if you're a developer working on something like that, you need to take your own reward in knowing that, okay, I'm making this system rock solid, bulletproof, scalable, et cetera. And that's sexy in its own way. And I think as long as this project, as it matures and gets towards authentication,

there's people that are still insented and incentivized and want to keep working on that stuff. Bitcoin will be healthy as hell. Absolutely. Yeah. I think I don't know if you guys want to tag on

to the idea of contentious forks or you know, taproot in itself or any like upgrades or I guess the lack of contention with some stuff that's on the table there. If you guys have anything to say about it

or just general feelings. Yeah. To be honest, previously, I think that Taproot was not a, just it's not, don't take it personally. I just didn't think that Taproot was a huge driver for the bullish run. But actually, something from Brian really changed my mind because Brian just said that Taproot is attracting

a lot of talent to the developers into the community. I think that's really, really important. And also that's echoes with my previous point that the developers are making the community better and making the user experience better and making more and more people using Bitcoin and using the wallet's product and everything. So yeah, I really think that Taproot may be, yeah.

Also the developers in our team, they are really fascinated with Taproot and they're talking about every week. Yeah, we have free talks every week. They share Taproot, like several times. So yeah, I think that's a really good point. And yeah, I really echo with that. Yeah, I feel like a year ago,

we were all excited, two years ago, we were really all excited about Lightning. And now it's like, oh, come on, now it's about story value. I thought we're doing payments here. I do think Lightning's gonna continue to develop and it's gotten a lot more stable. But like on layer one, you've got taproot coming

with all it entails, and then on layer two is continuing to mature. I don't think layer two will last five for quite a while, but that's not expected to yet. Yeah. I'm got to say I'm I'm bullish on lightning just in that I up until lightning kind of got to where it is right now I was worried about this bull run people coming into Bitcoin and not being able to especially if they're doing they're trying to dabble right they're trying to get small amounts of Bitcoin and practice and send I was worried that that wasn't going to be possible with Bitcoin and that lightning would not be used. user friendly enough to be ready. But now, depending on what you're using, it could, you know, Lightning, it's very different

from when I first started playing with it. So in 2018, I got one of the first mobile Bitcoin wallets. I didn't understand what a channel was or how to set one up and I had to dick around and figure it out. Now, yes, you have custodial solutions, which are super easy, but there's the trade off there. But if you want somebody to just see, oh, wow, that was fast, then sure, you can go that row. But you also now have kind of that middle ground where it's not custodial, where you are technically running your own Lightning node on your phone and just a lot of the heavy lifting

is automated in the back. So you have something like Breeze wallet or Phoenix wallet where you can swap into an out of lightning without even having to tell it what to do. You just scan the QR code in front of you and it just works. It'll figure it out. Yeah. Yeah. That's really important. Yeah. And I think it's You remember when you and I first, we did a manually balanced channel between each other back in the day. Just because it was the only way to do it. You had to know the guy on the other end and you had to say, okay, I'm going to send you this much on chain and you said to this much back in lighting. Okay, now we have a balanced channel.

That's how janky it was back then. Yeah. Yeah. And now, like I, so, I mean, some people will drop some sats on like my tip and page and I'll just pull that off every single, even it's like a dollar. I'll like, I can pull it off and it costs nothing to do so or like one sat or something like that. And I can just, and then that ends up being my like if I tip other people or if I want to go like buy a sticker pack or, you know, like get a copy of Citadel 21 or something like I can go do that and and not have to be like, oh, what am I going to pay in fees to make this transaction? Or like if I, again, like I was talking about, I use bit refill to kind of bridge some of those gaps where it might be. difficult for me to survive because I am 100% Bitcoin now.

Now I can, you know, I go make a lightning payment there. And it's, it's super, super easy. And I'm not having a deal with channels whatsoever. And I'm not using the custodial solutions. I'm literally, I'm using Breeze right now. I was using Phoenix for a long time. And it's just, it kind of all gets done for you, but you're not giving somebody custody of your money at the same time.

So it's, it's come a long way. And I think it's getting better and better as time goes on. Yeah, just a side note, Cobble Vault website also accept lightning. Ah, there you go. Yes. That's an important thing. It's funny because people laugh at it, but it's an important thing.

And I think more vendors and on top of that, more exchanges need to get on board with this because it's not going to be sustainable if somebody wants to come make a $50 buy and pull it off the exchange. either the exchange is going to be fronting that fee, which again, they're not going to be able to, or you're going to have to explain to your customer why to get their $50 off, it costs them 20% of that value. People don't understand that it's a computational limitation as opposed to a percentage of the value, and that's how they're going to look at it.

So you've got to say, well, you can pull it on chain, or you could do lightning or maybe even liquid like there's just got to be options there and I think you're going to see more exchanges having to figure that shit out this time around agreed yeah I think it just it used to mature to the point where an end user doesn't even have to think about it they just specify an amount and a destination and the wallet figures it out and yeah it'll get there 100% I'm gonna just really quick two things questions here Vks I'm not I'm not going to try and pronounce that.

Anyways, I'm running Bitcoin core from my laptop. Should I use VPN or Tor thoughts? I mean, like Tor, I always find to be something that's worth running VPN, whatever you are poison, something to obiscape, you know, where you know it is, is never a bad idea. But if you don't do it to, it kind of depends on how paranoid you are, really, I suppose. but, you know, airing on the side of privacy is never a bad thing because you can't go back retroactively and improve the privacy that you've already lost. So, yeah, I would err on the side of being more private than not.

And then Danish Hoddle, I thought about your comment, you think Bull Runs take every epoch longer, can you explain it once? So I think the person is asking in regards to Bitcoin epochs, like what is a Bitcoin epoch? And why is it longer? So and so forth. Right. So each epoch, it really is the time between the halvings where the first epoch for almost four years, when each block rewarded a miner with 50 Bitcoin each time it was found. And then that became 25 in the second epoch.

12 and a half in the third and now we have six and a quarter in the fourth epoch. So the reason why, actually I highly recommend to go back and look at BDC Sessions episode where you interview me because we go in depth on this for, I think, more than one and a half hours where, you know, I finally got a chance. Someone asked me and I really could, you know, lay out my whole thesis. I really appreciate that, Ben. So basically the reason why they get longer in my opinion is that this the stock to flow which plan B has I would say more or less proven has a very high correlation with the price of Bitcoin stock to flow is how much stock do we have above ground compared to one year's supply? So it's really it's the same as you know the 100 divided by the inflation rate.

And in the first epoch, the Genesis block, January 2009, the stock to flow was zero, because we came off, we didn't have any stock at all when Bitcoin started. You know, the first 50 Bitcoin wasn't put into circulation. So what happened was in the first epoch, the stock to flow went from zero to eight, which means it basically went up by infinity. Of course, I mean, you could say after the first 10 minutes, the first block was there. and the stock to flow was zero point zero zero zero very small anyways from there to eight let's just say very close to infinity from the first halving to the second having uh stock to flow

went up from eight to 24 so it went up by a factor three and if we i think can conclude from stock to flow more or less that stock to flow is what is pushing the price because it's basically lower supply right now compared to what is out there being given word and mouth to other people, then as it's still accelerated, you know, a lot by a factor three, it's still less than a factor infinity in the first epoch. So that bull, you know, those bull runs took some longer time and then, and that created the, I mean, the first, the first having bull run was 12 months. The last one was 18 months and less steep.

And as I say, simply because stock to flow, it's still accelerating, it's still going up, but not as fast as in the beginning. So before this having stock to flow went up with a factor 2.33. So that thing we now have more or less statistical significance for being what is pushing price higher is giving a little bit less of a push. It's giving a lot of a push, but a lot of people think, oh, they're having means that that stock to flow double every four years? No, it doesn't because we came up from zero.

So it is higher than doubling. In the end in 2140, when we do the last halving, then the stock to flow will be pretty much doubling. Until then, it's coming down from infinity towards a doubling. So, and it also explains why did we have, you know, if the halving creates bull runs, why did we have bull runs and crashes before the first halving? Well, because it's not the having that creates the bull run.

The halving creates an increase in stock to flow, which creates the bull run. But initially, because we came from zero to eight, there were many doplings of the stock to flow to go from zero to eight. There were many. That's why we had bull runs initially. I saw also, Jay's, I saw your comment that I looked confused and angry when When they're really smart technical people are talking about Chapo, not at all. So my issue and I'm being told from people is that I have a very high passionate level.

I'm very, very, very passionate about Bitcoin and the Bull Run. So when my mouth is like this, it's because I need to control myself and give other people's space to talk. because as you may be as you may hear i can go on like this 72 hours without stop talking um you know i can't binge people i sit next to on the airplane uh you know people i don't know there's going to be like three random people that are not interconnected with each other like okay when i when i land i'm going to go buy some bitcoin um so so i don't know if i answered everything um yeah um yeah yeah awesome well yeah well we'll cap that one there hopefully jay that was good Also, I enjoyed bringing those.

I'm glad you picked out that topic. I was going to bring up his text, but I wasn't sure. Anyways, we're going to riff on one more topic. Elishan, I will lead it to you. What has you bullish as of late? Bullish? Okay. The improvement of the user experience of Bitcoin.

Cool. And so you're seeing this, I mean, you're working on it yourself. Are you seeing it other places than? you know, like obviously your your focus is building that user experience. Where else are you seeing improved user experience, like in your experience outside of even your own company? I think buying Bitcoin. Yeah. Just buying Bitcoin.

Yeah. And so and we can see Bitcoin ATMs everywhere, this kind of thing. I'm really looking forward to that. Yeah. Yeah. How are how are Bitcoin, like I guess I'll throw it out to everybody, but. But are, is there a lot of Bitcoin ATMs where you are in the world? Like here in my city, I think there's 40 or 50 Bitcoin ATMs just in my city.

So I don't know what it's like where you guys are. We have CoinMe is based here in Seattle and they make ATMs. And in the US, there's a company called CoinStar where you can go into a grocery store and dump your spare change into a thing and you get the hard money out of it. So people use that and they did this did a deal with CoinStar. CoinStars are in almost every grocery store in cities. And so now people have the option if they dump in their spare change, they can take it in Bitcoin.

So I think between that and traditional ATMs, I think there's an uptick in ATMs. I don't have a good read on that. How about, I think I'm biased because I see coin me here in Seattle, but I don't know how much it pains out. So I don't know what it's like where Danish is. Yeah, I'm in Los Angeles. I haven't paid a lot of intention to it because like BDC sessions, my economy really is Bitcoin. So I'm not going out on purchasing a Bitcoin.

So I'm not focused on the ADMs at all. But I think, you know, if I should think, what do I see out of the side of my eye that, I mean, it is expanding. I mean, overall on-ramps are expanding. Yeah. I just think there's so many ways to buy it on your phone now that weren't even around even like six months ago. Like a lot of them are using like wire on the back end to do like a quick ATM, not ATM, direct deposit or direct pull from your checking account, for example. Whereas it used to be like not too long ago, you could only buy in the US off a Coinbase app.

That was the biggest one. And then you get the other exchanges had their own apps. But now you have the ability to do it with some standalone apps that aren't. are tied to an exchange. Like the cost of wallet has it. I think that the Swan, of course, the what is a river finance. Yeah, there's all these like,

not affiliated with an exchange, but give you a way to buy it. Yeah. I like the, I like the idea of instant custody for individuals where it encourages them to quickly or immediately pull it off from any custodian and hold it themselves.

And I think that's, again, making that easier for people. Again, I just saw Swan introduced. You can use your ex-pub for whatever wallet you have, and it'll auto-stack and go directly into whatever wallet it is with multiple different addresses. So you just give them an ex-pop, and they'll send it to you. You know, here in Canada, you know, we've got Bull Bitcoin is a good one.

You cannot custody with them. They require you to give them an address in order to purchase. Another good one, there's Bitcoin Solutions, which is pivoting their, they're rebranding to Bitcoin well, but they do a lot of Bitcoin ATMs in my city, and their big thing is, yeah, instant custody. Shake pay is another good one. And a lot of it's so much easier now. E-transfer is you can send over or cash or whatever you're doing.

Just those on-ramps, they're starting to get a lot easier. And you see, I mean, I think the big thing that Bitcoiners is where we're going to have our work cut out for us is to try and get people away from, oh, buying it on PayPal and not having access to it and being able to withdraw, stuff like that. In general, it's good that it gives more eyeballs, but then instantly we're going to have to be like, but don't use it.

Go here instead. Well, it's like it's almost like GBT. That's not Bitcoin. It represents Bitcoin. Like I'm a fan of GVTC, but I don't think it's Bitcoin. Yeah, 100%. 100%. So yeah, like it is definitely getting easier.

And the wallets too. Like, I mean, Blue Wallet is killing it. I got some more time trying that. Yeah. Yeah. It's like they are, they're pumping out updates like crazy. They're going to have the multi-sig rollout for that on mobile soon. So I'm excited to play with, because they already play nice with Kobo.

So I'm excited to play with Kobo and like cold card and whatever my mystery, third device ends up being in that setup. But it's getting easier for people to do that and getting easier for people to secure things themselves. Whereas like you go back a few years and it just was not that way. And I mean, some of the practices were just not there. it's definitely come a long way to your point leashing but I don't know

if anybody has anything else to tag on to the evolution of user experience or anything that you personally have found easier to use over time I don't know, has anybody have any insight there? I mean, me, I just think that we're just in this general embarrassment of riches

with really quality products and services out there. the hardware wallets are no longer niche. Like the Cobol Vault is pretty slick. It looks like an entertainment device more than it does a security device. And that's a compliment, right? I mean, because it's beautiful. You want to look at it. And I think that the Trezor T, the newer one with the screen,

that's a step in that direction too. So the things are getting prettier and funner to use, et cetera, for the new user. And on the more bleeding edge, or not so pretty edge, multi-sig is getting a little less black magic. I still have people come and ask me, hey, can you give me a multi-sig demo? I hesitate just because I just don't want to give them a footgun

because there's so many ways you can destroy themselves. And I'll show my former employer. I think CASA has done a really good job of getting a head. head of some of that stuff and making multi-sig idiot resistant. There's no footguns in there, and that was the whole idea. And I think as more and more services like that, Unchained is doing a good job, too, with caravan, as more and more, I guess, custodian assistance, they're not custodying your Bitcoin, but they're helping you custody in a multi-sig fashion.

I think that that's going to be a direction for people with more significant amounts of Bitcoin to go in because even if you yourself can figure it out, what if you get hit by a bus? So that's the bigger thing. Like you got family and friends. You don't want to lose your coins and they're gone forever. Yeah. Yeah. And I think, again, we're early enough where those best practices have not been developed yet.

And, you know, the early bit corners are are forging the way sometimes with lost coins. But it is definitely getting easier, you know, that interoperability. I've done, I've done, I have a full playlist. I've so far done five videos on multi-sick. I've done the caravan one, Electrum, Lily Wallace. So there's a whole bunch, Nunchuk was another one that I did. There's a sparrow is on the way. But there's a whole bunch of different ones, Spector.

And inevitably there's, you know, some have all of the features you want, but then you go to export them and put it in something else and it doesn't quite work. And some are missing a lot of features. But so it's getting there, but there's definitely a lot of headway to be made. But you can see the trajectory happening. It's just waiting for it to actually come to fruition. Yeah. It's not yet to the point where if I got taken out, my partner could read my document and she'd be fine and just, oh, yeah.

I got it back. They should be like, oh, Jameson Lop. How do I get a hold of that guy? Yeah, pretty much. Yeah. I've, in a couple instances, I've defaulted my wife to, all right, if something happens to me, you call this guy. Yeah.

I trust him enough that he'll help you out. Yeah. I got BJ Bonapati in my town. I can, like, he'll help you. Yeah. Yeah, exactly. But it'll get to the point where it becomes, it becomes easy. And we're seeing that play out.

So a good point. It is definitely, I am bullish on the increased ease of use over time. And then I'll toss us out to all of you guys here because it's just a quick question. People at VK again asking thoughts on GBT for Bitcoin exposure in a 401k. What are you guys thoughts on on obviously it's not it's not Bitcoin, but when you put it in a 401K, there's that tax deferral, correct? Absolutely. Yeah.

So in the U.S., you can, like, I haven't been working for a while, so all my stuff's in what are called roll over IRAs. But if you have a self-managed IRA, you could choose what instruments to put it into yourself. And so I, myself, have converted everything and I'm over to GBTC. I did it a while ago. And that felt like financial suicide at the time or just like, like, oh, man, maybe I should have some diversification in my point.

portfolio and it's like ah because like the downside is if gray scale gets hacked or goes poof then the value of gbTC will probably plummet precipitously and if you've got all your eggs in that one basket i wouldn't maybe recommend that but like i i would think of it as any other individual stock maybe more risky maybe not but think of it as that you will never get custody of bitcoin by holding gbTC you're just getting exposed to you to the price change. And currently there's a premium. And so you'll see the price of GVTC is roughly a percentage of Bitcoin plus I think right now the premium is like 16%. So don't worry about that so much because you're not actually buying Bitcoin. You're just riding the price changes in Bitcoin. So yeah. It's it's funny because like when I think of, when I think of diversification, Just looking at everything right now, again, you do get those inklings of, is this irresponsible? But then you're like, where else am I going to put my value? What am I looking at right now?

Where else can I go? So for me, diversification means ways to hold my Bitcoin. I just got to diversify where I'm holding my Bitcoin. Yeah, how much is in like deep cold storage versus multi-sig versus your mobile log versus DBDC exposure? Yeah, yeah, exactly. Yeah. Do you guys use it too?

I mean, I did. In my IRAs. Anders? Yeah. So I would say if you have a 401K and GBDC is the only way you can get exposure, I'm all for it. I totally get what you've done, Brian, converting everything to GBCC. I think it's a great idea. Of course, there is that hack risk.

I'm pretty sure they got it locked down well, especially an American company with more regulation. And, you know, they're not allowed to do that with a big. risk if they're listed on Wall Street. So you touched upon both of you on something really interesting about the risk of Bitcoin as an asset compared to stocks and the need to diversify. So what I will say is that, of course, there's a small, small risk somehow, very tiny that Bitcoin value could disappear. I find it extremely unlikely.

But of course one asset is what it is. It is one asset. But what I will say is the conclusion that I have come to. Oh, we've got Greg Sosh in the in the chat as well. That all other assets, I'm talking about all stocks. I'm talking about real estate. Any other asset where people are throwing value, but there's mostly those two. They don't have a risk of collapsing.

It's a guarantee that these. assets will collapse. And let me explain why. So as right now, the only reason that stocks and real estate has exploded despite the economies going down is because nobody wants to hold fiat currencies. So they act as a store value real estate and stocks. That's the reason they've gone up in price. The only reason. And so it's because the the money supply is expanding drastically like at a clown level. And then at the same time, the interest rate is kept at an extremely artificial 0% or negative in some countries, you know, or a quarter percent. That is not the market interest rate of lending out your money and what kind of return you want to get when you have a risk. So what I'm trying where I want to go with is my point is Bitcoin will replace fiat currency.

In my mind, there's zero doubt about that. As Bitcoin becomes the world money, and I just want to. touch about my end target that we also spoke about in that video, Ben, it's still $20 million per Bitcoin as the purchasing power. Essentially, it will be infinity because Fiat will be collapsed, totally gone. But when Bitcoin becomes money, you can't have a committee, by the way, communist style in a central bank, five, seven people who's supposed to know better and make an interest rate zero or negative. that will become the market interest rate.

Now, what happens when Bitcoin is money and the interest rate all of a sudden cannot be kept artificially zero but becomes a market where maybe is 5%, 8%, all the assets that currently are artificially inflated because the artificially 0% interest rate will come crashing down. If you want to relate it to your own situation, if you have a mortgage and you have houses, you have seen that when the interest rate and mortgages come down, house prices go up. So my point is that there is a pretty much near 100% guarantee that that stocks and real still will experience, I would say, probably something like a 1929 type of crash as Bitcoin becomes money of the world because the interest rates are going to be market instead of artificial zero. Awesome. I like how bullish you are on Bitcoin and Paris you are on everything else.

It's always my favorite part of talking to Anders. Gentlemen, we have definitely surpassed the one-hour mark. So I'm going to start wrapping up here. What I'm going to do is I'm going to go down the line and I'll let each of you do a few things. Number one, again, who we are and where they can find you and any parting thoughts. So I'll start with Leachin. Go ahead. Okay, you guys can find me on Twitter, Bitcoin Leaching.

and also you can go to cobble.com slash hardware wallet so you can check out the the Black Friday campaign for a couple vault and don't miss it if you miss it you'll wait for another year yes do it I'll pass it up to Brian Brian Lockhart one word on Twitter you'll find me now that the the bull market is back I'm probably doing more frequent Seattle Bitcoin meetups so if you want to join there they'll be online for now because we're still under COVID lockdowns. I can't do anything in person with anyone. So I'll send out links if you guys want to show up to those.

And yeah, I'm excited for everyone's bullishness here as well as my own. I'm looking forward to another, geez, I'm coming up on my personal 10th year of playing with Bitcoin. So this will be, this would be kind of cool. Oh, buddy. Wow. And Anders, take it away. Wow.

Yeah, first of all, I mean, I really appreciate to be invited on a show, but why are you bullish on Bitcoin? I don't think my Friday can get any better than being asked for him bullish on Bitcoin. So thank you very much, Ben. And great to meet you guys. So I know you're going to have my Twitter link down below, right? But otherwise, if people search for Danish huddle, I'll come up. Otherwise, it's at Anders underscore, A-N-D-E-R-S.

And on there, you'll also find the link to my E-Tor profile. And I just want to say because a lot of people, and I didn't touch upon that, they ask, But why should I allocate money to you when I can just buy Bitcoin? The answer is that my trade, the four-year cycle trade, is to cash, take profits near the top of the bull run and then buy it back in at half price if I can nail it in the bottom of the bear market. And that's why I'm also talking about there is that risk that there won't be a bear market. And that's what I'm focused on and concerned about. This is what I'm thinking about from morning to evening pretty much. Also on my Twitter, you will find the link to my YouTube where I, together with Pop Lord,

am hosting the toxic happy hour where we are toxic towards scams that are delaying the adoption of global found money. We're having, we just started this. We've been talking on the phone for close to two years. And I needed some kind of kick behind in my butt to get some. started doing YouTube's again because I was really busy and got out of the habit last year. It was impossible. And then I told him, look, let's just put our conversation online because we're just talking Bitcoin for hours every week. So that's what we did. We're having some great guests on.

We've had Ben on. Just a couple of days ago, we had Matt O'Dell, which is just such a legend talking also about security. That was just so much fun. And we have amazing guests lined up where we haven't put the date on all of them yet. So I will, you know, announce that when we get the actual dates. But Breedlove is one. We have the date already on him. So we're just having a lot of fun, just, you know, talking Bitcoin and meeting some, you know, really experienced smart people sharing their input and their angle on Bitcoin. So that's the toxic happier that all of those links are on my Twitter. Awesome. All right. Well, gentlemen, uh, Thank you again very much for joining me today.

Thank you, everybody in the chat. Again, if you're on YouTube, be sure to smash that like button. It really helps get this in front of more people and pleases the algorithmic gods on YouTube. And if you're on Twitter or anywhere else, just give it a like, give it a share, whatever you got to do. Always helpful. Links for all of these guys, all of their Twitter links are in the show notes. Be sure to follow them, check them out. Don't miss that COBA Vault deal.

These guys have been killing it. So yeah, I guess I'm going to wrap it there. Gentlemen, I'll bid you a do before I say my goodbyes to everybody, but I'll close off your videos now. Thank you, guys. Thanks, everyone. Bye, guys. Yeah, cheers.

Thanks, thanks, guys. Bye. There we go. All right. So, again, everybody, thank you so much for watching. It was a pleasure, as always. If you really liked what you saw, you can always do a few things. of course, like, subscribe, and share.

All of those things very, very important. Be sure to hit up the sponsors that I mentioned down below. That was Ledden. That was the guys over at CryptoCloaks. That was Kobo and that was BitRefill. All that is down below. And if you really loved what you saw, you can always hit me up with a Lightning Network tip at my tippin.me page.

That is t-I-P-P-I-N dot me slash at BTC Sessions. And with that, I am out. Have yourselves a wonderful day, a wonderful evening, wherever you are, and I'll see you next time for your daily session.