Moonshots with Peter Diamandis - Anthony Scaramucci: Elon, DOGE & America’s Fate Under New Leadership (w/ Salim Ismail) | EP #132

Episode Date: November 22, 2024

In this episode, Peter, Salim, and Anthony discuss the future of the Department of Government Efficiency, how long Elon will last in the White House, and how the new Administration should handle Bitcoin.  Recorded on Nov 20th, 2024 Views are my own thoughts; not Financial, Medical, or Legal Advice 10:37 | The Path to Solving Debt 33:10 |  Bitcoin Set to Reach $1M by 2030 52:03 | Gold vs Bitcoin: Who Wins? Anthony Scaramucci is an American financier who briefly served as the White House Director of Communications from July 21 to July 31, 2017. Between 1989 and 1996, Scaramucci worked at Goldman Sachs's investment banking, equities, and private wealth management divisions. After leaving Goldman Sachs, he founded Oscar Capital Management and, in 2005, SkyBridge Capital. Salim Ismail is a serial entrepreneur and technology strategist well known for his expertise in Exponential organizations. He is the Founding Executive Director of Singularity University, and the founder and chairman of ExO Works and OpenExO.  Pre-Order Anthony’s Little Book of Bitcoin  Check out Anthony’s podcasts: The Rest is Politics, Open Book and Wealthion Network Join Salim’s OpenExO Community Join my executive summit, Abundance360: https://www.abundance360.com/summit  ____________ I only endorse products and services I personally use. To see what they are,  please support this podcast by checking out our sponsors:  Get started with Fountain Life and become the CEO of your health: https://fountainlife.com/peter/ AI-powered precision diagnosis you NEED for a healthy gut: https://www.viome.com/peter  Reverse the age of your skin with OneSkin; 30% off new subscription orders with code PETER at oneskin.co/PETER _____________ Get my new Longevity Practices 2024 book: https://bit.ly/48Hv1j6  I send weekly emails with the latest insights and trends on today’s and tomorrow’s exponential technologies. Stay ahead of the curve, and sign up now:  Blog _____________ Connect With Peter: Twitter Instagram Youtube Moonshots

Hi everybody, Peter Diamandis here. Welcome to Moonshots. In this episode, we'll be diving into the Department of Government Efficiencies, Elon, Bitcoin, and the broader effects of the new administration on technology. I'm joined by previous White House Director of Communications and Financier Anthony Scaramucci and Salim Ismail in our normal WTF Just Happened in Tech this week. Views expressed in this conversation belong to individuals expressing them. My hope is that you are open to this conversation and the many ideas put forward for the future of America. You know me, I'm not political, I am pro technology, I am pro creating an

extraordinary world ahead. For the record, I'm excited about the coming four years and I believe it could be a true roaring 20s. Like all things, time will tell. Okay, enjoy this episode. Alright, first question. Everybody wants to know this. Mooch, is Elon gonna make it in the White House? I mean, I know you're friends with Elon, so you want me to be as honest as I usually am? Yeah, tell me, how many days do you think Elon's going to exist in this White House? So you know, for politics, I measure things in 11 day units of time, also called a Scaramucci. Okay, so and you could use it in a sentence like Liz Truss lasted 4.1 Scaramucci's, right? Or Kevin McCarthy lasted 24.5. Okay, so I think Elon Musk is going to last in my opinion 30 Scaramucci's that's 330 days. That's pretty good. That's that's that's that

planarily because he's yeah, it's yeah because because he is the richest person that Trump knows personally. Okay, now maybe Putin and MBS are richer, but they're governmental riches. This is commercial riches. And Trump will bite, I know this sounds crazy to people, but Trump will bite his tongue at times. But he heard Elon already. And you know, now he heard Elon, Peter, right? Well, he's already started heading towards coal and regular gas cars,

because they're cheaper and more reliable. What else? How else has he done that? Yeah, so you're saying you heard him economically. I'm talking about politically, he teemed them with Vivek. Okay, and so Elon is not an equal to Vivek. I like Vivek, I respect Vivek, but they're not equals Okay, that was a Trump move

To stuff you on a little bit. By the way, yeah I have is all this on the record Yeah, of course, I have the Trump decoder ring, you know, I you don't even Diamandis you don't even have to buy the cereal Okay, you don't have to dig into the cereal like when you were a kid to get the Trump decoder ring. I have it and I'll give it to you. What's it say?

So you want to hear how it's going to go? Yeah, I want to hear the details. Now, this is moonshots and listen, Elon in the White House is a moonshot, actually he's a Mars shot, but I want to hear how it's going to go. Well, first of all, you guys start at the origin. You have to start at the origin. Okay, I don't know Elon, you know Elon.

Okay, I obviously respect Elon. I think he's a very incredible figure and a brilliant entrepreneur, but you have to start at the origin and it always starts this way. You get punished by Trump. Elon came to visit me, he was on his knees. Okay, you remember those tweets or you don't remember those tweets? I don't.

So you get punished by Trump. What's that? I don't remember, but I can imagine them. I mean, you know, it's all within the- No, no, no, no, he was eviscerating, he was eviscerating Elon in 2018 and 2019. And so, because Elon was a Democrat Okay, and so the the the game changed when Elon went to him and said I have to leave the Democratic Party

Because they wouldn't invite me to these EV summits, which was a big mistake You know the UAW went to Biden and said you can't invite Elon to the EV summits and Biden said, okay No problem. Meantime Elon is got more evs going anybody else was it colossal mistake why up why upset elon but you have to understand it started in antagonism and this is how trumps relationships go if you're in trumps world there's one spotlight is on donald trump he's inverse reagan okay so what was reagan reagan had a plaque on his desk that said, you can get anywhere you want in life, as long as you don't care who gets the credit. Trump is inverse Reagan.

I get all the credit, you get none of the credit, don't get too famous, don't get too big for your britches, or I'm gonna hit you with a ray gun. And that's what he does. So you guys are pretty smart guys, right? I'm not as smart as the two of you, but we all know that the definition of insanity is to do the same thing over and over again to predict a different outcome So let me submit to you rhetorically you both answer the question

if there were 40 of us that went to work for Donald Trump and 40 of us got eviscerated in different ways and blown out and eviscerated in different ways and blown out and interacted with the mania that Donald Trump represents. And then we spoke out against him and said the guy's nuts, including his former vice president. Are you telling me now the new group of people around him are going to have a totally different experience than the last group of people? I mean, people can change.

I mean, people can change. I mean, people can change. Maybe just not that much. So I am, listen, I think the data. So I thought this was like, oh, this is an unfiltered, he's got a lot of economic interests here, right? Hey, so a question for you. He's telling me that people can change. The guy's 78 years old.

Yeah, I'm kidding. The guy's 78 years old. He can change, Suleyman. So the probability is you're playing with fire. Listen, I am so excited about the next four years from a technology standpoint, which is, by the way, the topic of this conversation. This is our WTF just happened in tech this week.

Well, that's a separate topic. So from a technology standpoint, it is. So I'm with you. I'm with you on that. So can I ask you a question? If you were going into this administration, not saying that you are, but if you're going to go, what title would you like in this administration? I want sort of like Secretary of Abundance would be mine. Salim, how about you? What do you want? I would go after the Doge thing just because I think there's an unbelievable opportunity

to shift things, just not in the style that's going on right now. Problem with the Doge thing, if you don't know what I'm saying, is austerity is a bummer and a buzzkill for everybody. And so yes, is there on the margin things that can be cut and on the margin are the things that can be made more efficient? I'm certain that that's true, but I don't see $2 trillion in that budget cutting. You know, I don't see it,

and it'll cause a colossal collapse in the US economy. So I don't see that. I mean, we could manage our way out of the debt crisis, but that would be a 15-year management of it. But when he said, you know, when Peter's the Secretary of Abundance, I see that, but like the best job, the best job would be Secretary of the Constitution. That would be the best job.

Is that what you wanted? Because you have to understand something. Your prosperity, your life as Peter Diamandis has been created by that Constitution, okay? You're from a family of Greek immigrants. You came to the country, I'm gonna guess, not as wealthy as you are now. No, very, very little. Okay, that's probably true for most people.

And you're Italian immigrants, yeah. I came from Italian immigrants, and this country's flat, decentralized system that's lasted 250 years, you and me, Salim, we are direct beneficiaries of that. So if you said to me I was going into the administration, which of course I would never be asked to go into this administration, I would want to be secretary of the Constitution. Okay? Because in order to get the abundance right, we have to reframe the Constitution, probably

add at least two amendments to that Constitution. And I'll submit to you guys, because you're technologists, we are dealing with an old operating system. That Constitution has 27 amendments. That Constitution should be amended every eight years by virtue of that. We have not had a significant amendment to that constitution, to the 1965 civil rights, voting rights amendment. And so we've gone 59 years without a significant amendment to the constitution. And that's very, very dangerous. That's not what the founders wanted. And we need to reframe, reset the boundaries of what our checks and balances are. And we got to remake the system.

Salim, I'm going to jump you in here because you came from the two extremes, right? Your family comes from India, which is all about hierarchy and it's about where you were born and what your origin story is. The caste system is crazy. And you then go to become a successful US entrepreneur. So you've got far more the extreme of any of us. How do you think about that? So I agree with, I totally agree on the constitution side

if you could change it. For me, the constitution is the software that runs the country and you have to be able to update it. The problem is in this political environment, you can't update it very easily. And you've got this whole segment of originalists that are like, oh, let's go back to what the the framers were thinking and try and guess what they were thinking. The problem is you can't. And they built it in so that you would update the Constitution. I totally agree that that's where a whole bunch of things need to start.

But how do you update it in this environment? So I think that's a valid starting point bunch of things need to start, but how do you update it in this environment? So I think that's a valid starting point. It was built, this constitution and this nation was built, you know, 200, 300 years ago under a very different situation where people were not educated, you couldn't communicate other than, you know, days worth of piggyback horsing across the country. We have a representative constitu- representative government and not a actual democracy. So I'd like to be able to vote on issues or assign my votes to to Scaramucci here on things dealing with the Constitution,

to Salim on things dealing with hair growth and basically change the picture there. Low blow, low blow. I'm sorry, I couldn't. Yeah, I think this is the biggest, couldn't resist, I think this is the biggest structural issue. But I have a question, Anthony, when you look at the debt issue, how do you see, forget the politics of it, is there any viable path to solving the debt problem? Yeah, this is definitely a viable path and you guys are close to Elon. I'm not and if I tweeted

this, it's coming from me, so it would be perceived as negative from the Trump administration. But let me give you some things to think about. In the Alan Greenspan book, The Age of Turbulence, which was written in 2007, there was an exposition of what the pay-as-you-go legislation was. And so let me discuss that with you. Do you know what that is, pay-as-you-go legislation? I do not. Tell me. Yes.

If you don't know, I'll give a brief explanation. So Richard Dorman, Office of Management and Budget, he's working for George Herbert Walker Bush. He goes to Bush and says, listen, we had tremendous deficit spending on the Reagan. We're gonna have a peace dividend, the walls come down. We're gonna have this peace dividend, but we've got to create some guard werealls on the Congress. And so I'm gonna propose legislation.

We got to get Democrats and Republicans to vote on it. Here's the legislation, pay as you go. If you want a tax cut, that's fine, but then you have to find something in the government to cut. If you want a increase in social services, that's fine, but then you have to raise taxes somewhere. And so Richard Gephardt worked on this with them,

some Democrats actually lost their seats. They passed this legislation. And then we went to war, accidentally, the Gulf War. We had a recession in the United States and they wanted to increase social services. And so all of us remember Bush raised taxes, pursuant to pay as you go. Read my lips, no new taxes." But he violated that, right? And he raised taxes. Okay? When Clinton won the presidency, Bush said to him, listen, we put this pay as you go legislation in. If you adhere to it, you'll run a budget surplus by the end of the decade. And Clinton said, okay, Robert Wright, my old law school professor, wanted to run deficits. He was the secretary of labor. Robert Rub Wright, my old law school professor, wanted to run deficits.

He was the Secretary of Labor. Robert Rubin, my old boss from Goldman, he said, no, go for the tax increase, stick to pay as you go. You'll send a big message to the bond markets, and we'll get to a surplus in this country. So Clinton listened to Rubin. At the end of his term, we printed a $240 billion surplus.

And just to remind everybody, the CBO, nonpartisan Congressional Budget Office, estimated that there would be a $5 trillion budget surplus by the end of calendar year 2010. That did not happen. In the campaign Bush vs. Gore, Gore said, I want to push that money into the environment. Bush said, I want to give it back to the taxpayers. Bush won the race. He cut taxes in March. But then guys, we went to war in October of 2001. It's the first time in US history that we went to war without a tax increase. In fact, we had a tax cut before the war, and it started this deficit trajectory that we're on now. So if you want to curb that, you have to restore Pago. You've got to get somebody like Elon Musk

behind it. Yes, he can shave a point here or a point there off of the growth of these governmental agencies. But if you actually put the guardrails in, over time what will happen is you'll get to a surplus again. Now, could it take 15 years? Salim, yes it could, but you would stop the exponential bleeding that we're in right now. So I submit to you guys, you can't cut two trillion from the budget It would be too austere. It would cause an economic collapse, but you could put the country on a controlled diet What is the total budget today that you're cutting two trillion six point seven trillion? Okay Yeah, so listen, we're taking it about we're taking in about five trillion in tax revenues We're running about a one point six, 1.7 trillion dollar deficit.

One question, which is, do you guys agree that there is most likely two trillion of fat and unrequired expense in the government budget? I do not agree with that. I don't think you have that. You don't think we can have a fish and say this. You don't think we can have a fish and say this. I agree. You don't have to really cut entitlements or cut military. Could you cut six, 7% from the budget?

Yes, could you find three to $500 billion of stuff to cut from the budget? Yes, I do believe that. Well, that's a start. Could you cut $2 trillion from the budget without causing a colossal contraction in the economy. No. Did you see the movie Oppenheimer?

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a 48% reduction in IBS. Listen, I've been using Viome for three years. I know that my oral and gut health is one of my highest priorities. Best of all, Viome is affordable, which is part of my mission to democratize health. If you wanna join me on this journey, go to Viome.com slash Peter. I've asked Naveen Jain, a friend of mine,

who's the founder and CEO of Viome, to give my listeners a special discount. You'll find it at Viome.com slash Peter. Salim, given where we are in the steepness of this curve, we're going to talk about AI, humanoid robotics, Bitcoin, a whole slew of other technologies, we have the ability to accelerate the US economy significantly. I mean, for me, I think that we're about to enter a period of the roaring 20s,

that if we can really hit on deregulation across a number of industries, if we can increase our energy budget across the United States, if we can give people who get their PhDs at our top universities a green card so they stay here, increase intellectual capacity of this nation, that we can have a renaissance that really drives the nation's revenues up and to the right in addition to cuts. I mean, I think this is the most exciting time ever to be an entrepreneur and a technologist. I'm curious, I mean, do you agree with that thesis?

Yes, but I think there's so many structural issues happening like potential war. I think there has to be a structured path, a glide path to balancing the budget because otherwise if we run up, we keep running up debt. And this is the problem that neither party dealt with in the election is the unbelievable debt cycle because that's an exponential curve in the wrong way. It doesn't matter much else what we do is you'll hobble the government and the country so much by doing that and the whole thing will implode. That's the, I think, the danger that Anthony's pointing out. Well, it's never worked though.

I mean, so the idea has never worked that 14 years of austerity in Great Britain has left the country weaker and combined with Brexit. Ronald Reagan understood that, FDR understood that. Austerity does not work and that type of radicalism at the governmental level. Remember, everybody says the government should be run by like a business. I can prove to you empirically, I can prove to you through history that the government should not be run like a business. And it's not a business. The government has to be run, uh,

with a public service orientation towards policy. And whether people like this or not, the bottom rungs of the people in a society Have to be protected by a government and I would submit to you that emery ford got this right Every four was a great social engineer. He told people you are gonna make Enough money to afford the car that you're producing moreover I'm gonna make sure you're in a small house with a great school system Because I don't want you descending on my Dearborn, Michigan mansion with a tiki torch and a pitchfork.

I just don't want that." Okay? And so he understood that good social engineering from the government is aspirational. My dad is a crane operator out here on Long Island with a good union wage, could afford a $16,000 house in 1962 and we could live as a small little hallway kitchen, one regular bath, but five of us lived there very comfortably, went to a good public school system, and we rose in America. We had an aspirational blue collar family.

Governments have to protect that. Trump got the salt deduction wrong, and to his credit, it wasn't his fault. It was policy that was put on him by the Koch family and by Paul Ryan. But what he got wrong, he now understands. Okay? In December of 2017, when I was still talking with Trump, he said, what do you think of the salt tax deduction? You know, and again, that's a limitation of $10,000 of state income taxes off your federal return. And what I said to the president at that time, it's going to hurt the economy. It's going to hurt the engines in the economy.

He said, well, why is that? I said, well, these coastal cities, Santa Monica, New York, Philadelphia, these coastal cities need safety nets. They're blue for a reason. Poor people are teeming into the place. Did Sergey Brin, was he super wealthy when he arrived in the United States? Was Elon Musk a multi-gagillionaire when he arrived in the United States? No. And so what you need from your government is you need a platform of equal opportunity.

We don't want equal outcomes. The three of us, I think, agree on that. We are libertarians. I want there to be Jeff Bezos's, Peter Diamandis', Elon Musk's, but what we have to make sure, though, the government's gotta supply a smart kid growing up in a poor neighborhood or growing up with a dysfunctional family

at least has a shot at aspirational opportunity in America. So for all of those reasons, you can't run the government like a business and you can't take a hacksaw to the government. If you do that, you'll paralyze the system and it'll be very bad for the culture. So how do you really feel about that? You invited me out for Peter. You invited me out for a reason. You I did. I did. Absolutely.

I love it. Listen. So Trump, Trump taps, taps Musk to lead the Doge and then adds as a buddy. It's very funny. One of the tweets that came out is, oh, my God, you know, Department of Government Efficiency is getting off to a bad start because it's being run by two people instead of one. How do you think that's going to go?

It's not going to go well. There's a number of different reasons. Number one, you have to understand something about Washington. Washington has an immunological system. Yeah, I agree with that. What's the immunological system? An antigen comes into Washington and they recognize it and then they blow the antigen out. Okay, they discredit the person, they drop opposition research on them, or they grind

them. There's four ways to get grinded in Washington. You want to hear the four ways? I do. Yeah. Okay, way number one is you get an oppo drop. You get an oppo drop. Peter Diamandis, here's the USB, here's all the bad things about Peter's life.

Go write that. I owe you a favor, you owe me a favor. Let's get it on the front page of the Washington Post. That's number one. Number two, you grind Peter with a security clearance. So you say, okay, I really hate Peter's guts. Let me call my buddies that are going to give him a security clearance and tell them that you can't get the security clearance. They did that to Jared Kushner, grinding, grinding, grinding. Number three, Peter has an asset on his balance sheet that he has to dislodge to get into the government. Sometimes there's exceptions. Let me find the most painful asset on Peter's balance sheet.

Maybe it's his favorite thoroughbred horse. Maybe it's his favorite thoroughbred horse. Maybe it's his favorite hockey team. And we say, well, Peter, you gotta sell that hockey team, otherwise you can't be the secretary of abundance. Right? So they have processes to grind you, okay? The fourth way is the front step. They come right at your face and they say,

Peter, we hate your guts here in Washington. We don't want you anywhere near Washington. Okay, now the fourth way never happens. That never happens. That's a Wall Street thing, okay? So there's three ways, not four. I just wanted to point out that the fourth way never happens, okay?

So they're gonna grind Elon. They're gonna grind Vivek. And remember, the Department of Governmental Efficiency is not a department, it's never been created. You would need a vote in the Congress to create that department. You'd have to supply budget. Is it going to be a cabinet level department? And if it is, then there's a whole rigmarole that has to go through in the Congress just

ask the people that formed the Department of Homeland Security. So this is not something that can happen easily and him teaming Elon with Vivek was a way for sending both of those guys out to pasture. All right, now they'll both probably be mad at me if they listen to your podcast and they'll be like, fuck mooch, what is he talking about? But I know, fellas, I have the Trump decoder ring.

I know how the guy operates. If you give me a call, I can tell you what he's going to do, how he's going to do it, because it's fairly predictable. It's a fairly predictable Trump algorithm. Do you think there's some softening between the first term and some of the rhetoric and the second term, where now he can set a legacy? Okay, so that's the hope, right? So, so let me let me say it this way. The stock market believes that Donald Trump is going to run the country as a moderate centrist center right Republican stock market believes what Peter is saying you're going to get mild

to massive deregulation beneficial to bi biotech, beneficial to banking, beneficial to crypto. Okay, you're going to get policies that will foment peace in the Middle East and the Ukraine. You'll figure out a way to dial down the tension globally. And the market is telling you that the cultural stance that Donald Trump has taken, and don't underestimate the cancel culture in our society, the negative impact that it has had on people,

as evidence, my friend Scott Galloway would tell you that men, white men, 18 to 36, have a 33% higher incidence of suicide than any other group of people, okay? And this cancel culture has really hurt the society. And this is one of the reasons why, you know, women were voting for their husbands and they were voting for their sons

and they were voting for their brothers in the 2024 election. 46% of the women voted Donald Trump. Over 50% of the white women voted Donald Trump. When asked why are they doing that, we're done. We're tired of the cancel culture and the pronoun usage and the different bathrooms and the sports being screwed up by this nonsense that we're doing in the country. So for me, there is a shot here.

Trump's 78 years old. He's got four years to run. If he's going to respect the democracy, some people think he's not going to. His rhetoric suggests that he may not, If he's going to respect the democracy, some people think he's not going to. His rhetoric suggests that he may not, but he's going to respect the democracy. Why not run as a, why not run the government, I should say, as a transformative, host partisan figure? He has this unbelievable opportunity,

78 to 82, transform the country. You know, the guy got shot at, I think on the 13th of July, where it nicked his ear or something like that. I don't know exactly what happened, but he was bleeding. He was shot at, and it was a near miss, a near death experience. God forbid, no one would want that. We don't, we abhor political violence.

But one would hope that that type of near-death experience would hopefully transform him. Maybe he'll sit there and say, I've got four years. I'm going to bring Peter in to learn about abundance. I'm going to bring Salim in to learn about entrepreneurship. And I'm going to push an agenda that's healing and unifying to the country. That could happen. But there's another scenario that happens that and unifying to the country. That could happen, but there's another scenario that happens that could be ugly for the country and it would be sad if it happens. What do you think is the worst case scenario?

Oh, I mean, unfortunately, the worst case scenario is he takes the Project 2025 playbook and he begins a process of deportation. So the deportation would be cataclysmic. I would hope somebody like Elon Musk, who's a very smart man, would get in his ear and beg him not to do that because the deportation comes with SWAT vehicles, armored vehicles, concentration camps. It would be one of the bloodiest cultural exercises

and it would ruin the welcome mat that this society presents. Lee Kuan Yew told Graham Allison, the Dean of the Kennedy School of Government, the founder of Singapore, said that America will always be preeminent. Why do you feel that way? Because of the welcome mat, you can come to America from any part of the world, rich or poor, you can arrive in America and in five short years you become an American. Maybe it's an Indian American, maybe it's a Greek American, maybe it's an Italian American, but you become an American. It's very, very hard to do that in other cultures, a result of which the balance sheet of intellectual capital that can arrive in America is unlimited. If you graphically deport 15 million people from America,

and again, don't go by me. That's what he's saying. That's what Tom Homan is saying. Okay, if you do that, you will destroy the fabric of what this thing represents to the rest of the world. So I agree with you, but there are two sides to that equation. Right now, we, you know... Be careful. You don't want to agree with me because I'm, you know, I'm on the Trump enemy list.

No, no. I think... About three days ago, Trump said I was a major loser on truth social. So how much do you think Trump loves me on a scale of one to ten? I got that at a 9.5, right? Why is he still talking about me? I agree with you on the mass deportation. I do believe there is a percentage of those individuals who are criminals, who should not be in this country, who we should be looking at removing them out of society.

I also think, unfortunately, that we send so many people back with a PhD that they earned at MIT or Harvard or Stanford, and then they're exited from the country. It's perverse and in reverse. And so how do we stamp a green card, a staple green card on those diplomas? These individuals who come to the US to get the best education, there should be, in fact, not only a welcoming, but a requirement for them to stay in country and build their companies.

We have our native Indian Indian here, Saleem. Now, we have the CEOs of the top tech companies in the US have come from India. It's an incredible engine where we can attract those who have the aspiration and the drive and the willpower to the United States. We should keep those people here for sure. So listen, we we agree but you have to understand something. When the leader of the free world and the leader of a country that Lincoln called the last best hope for mankind is

using the rhetoric of dehumanization on non-white immigrants of the country Okay, when he's dehumanizing those people and he's talking about those people as us versus them and vermin and they're eating dogs and cats Okay, very very bad symbolism for the United States. It just is. That's not the symbolism that we should be projecting in the United States. You can get Trump policies that you may like without that type of brutal rhetoric that creates Nazis walking around in Columbus, Ohio this weekend, SWAT stickers getting sprayed on synagogues.

We don't need that, Peter. We do not need that. I will continually speak out against that. It's totally unnecessary. Yes, it's a rough sport politics, I get it, but we don't have to go into the realm of hate speech. We just don't have to do that. I wanna go into the realm of Bitcoin.

So you've got a book coming out on December 4th, the little book of Bitcoin. You just released a revision of the little book of Hedge Fund. We're going to put a link in the notes here for your pre-orders for a little book of Bitcoin. And today, OMG, we're at- Thank you for your help on it, by the way. You're welcome, buddy.

Pleasure to have contributed in a small way. Today, we're at $94,000 for Bitcoin. And Salim, the bet you took by mortgaging your house and spending it on buying Bitcoin, good move, buddy. Good move. So, 94,000. My wife wouldn't let me do all of it, but yeah. Well, okay. Time to mortgage again and put more in.

So here's a question, right? So, Cathie Wood is predicting by 2030. We'll see 1.5 million to 2 million dollars per Bitcoin. I've seen higher and lower estimates. I remember this great cartoon that had a father and a son talking and it said, Dad, do you remember when Bitcoin was under $100,000? You know, and we're seeing that we're seeing this massive increase. So Mooch, what's your prediction? What are you feeling?

What are you seeing? And let's talk about underlying forces here. Well, the first thing I want to say is that I didn't see it. I got it wrong. I went to this wonderful event at Singularity University. And I heard Salim speak. And I heard you speak. And you may or may not remember this.

But I think you wrote, actually, you contributed this to my book. So you do remember. I met Hal Finney. And he was describing to us what Bitcoin was and I don't know, was it $100, Salim, $200? I don't remember exactly what it was, but I didn't understand it. Okay, about $300. So I didn't understand it. And so, as Salim said, Michael Saylor says, you get Bitcoin at the price you deserve. It took me a long time and I finally got it. I started buying it in October of 2020,

November, December. It's still a great time. I think the average price for the block, yeah, the average price for the block I bought was 17,000. I've held every coin. I bought more coins in the weakness into 2022. But the reason I'm starting with, I didn't understand it, is there might be viewers and listeners to your show

that are our age, Peter, that may not understand it or they may be afraid of it, okay? And so I appreciate you bringing up my book, because I tried to write a book, the way Saleem wrote that entrepreneur's book, you know, 10 or so years ago, about what it actually is. So you could open the book. It's not going to intimidate you.

You could read what it actually is. And then maybe at the end of the book, I would make the case, this is the best investment of my lifetime. And I would make the case that this is probably still got a 10 X in it. I would think it can get to the market capitalization of gold. And what I would say to people is I don't know anyone that's done the homework, Peter, Saleem, anyone that's done the homework

that hasn't gone towards Bitcoin. I've never met somebody who said, you know, Peter, I did a tremendous amount of homework on this, hours and hours and hours, and I wouldn't touch this with a 10-foot pole. Paul Tudor Jones, Stan Druckenmiller, Howard Lutnick, I could name allegiance of people, Michael Saylor. Michael Saylor told me, and he'll tell you this,

Bitcoin is a joke. That's what he said. Okay, it was like 2016, 2017. Early on, yes. He started, yeah, early on. He started buying Bitcoin in August of 2020. 2020, yeah. His first Bitcoin he bought.

Yep. 2020. And then he got into a conversation with my partner and he says, you guys have to buy some of this Bitcoin. You know what he said? Once I figured it out, I couldn't sleep. I couldn't sleep once I figured it out. I think his framing of do a

hundred hours research on it and then see and it's really an arbitrage on intellect and studiousness is what it is. That's a huge huge framing it for me. Yeah so what I would say to you too, okay, and I would say to your viewers and listeners, please give Bitcoin a chance, okay? And recognize, like me, Michael Saylor, perhaps the two of you and others, we did start out as skeptics about what it actually was, and until we fully understood it, we didn't gain confidence in it as being part of our investment portfolio. Can I tell you a quick Saylor story before we go on to something else? Because you'll enjoy this.

Yeah, I'll be I call Sailor. Okay, so I call Sailor and I say, Michael, I need you to write the introduction of my book. Happy to do it, but I need the manuscript and I gotta read the book, I got no problem. I send him the manuscript. He calls me late August and he says, Mooch, I said, yes, sir.

He said, you know, I hate the last chapter of your book. I said, oh God, whoa, whoa, whoa, I'm looking through the, he said, yeah, he goes, you say at the end of this book, after you wonderfully explain this thing, and I learned a lot in this thing, actually a lot of stories that you put up,

the amount of this contributions, all different types of stories, I learned a lot, but your last chapter says that someone should put 2% of their money in Bitcoin. Let me ask you something, how much of your net worth is in Bitcoin? I said, Michael, 55%. He said, 55%, okay, he says you have 55% in Bitcoin.

So why are you recommending 2%? Let me ask you something, you said this is the best investment you've come across. Yes, Michael, do you have 50 other investments that are as good as this? I said, no, Michael. Then why the hell are you putting 2%? I said, because I have no balls and I'm under great regulatory scrutiny

as a registered investment advisor. So we rewrote the last chapter and now the last chapter regales that story. And I say, I'm at 55. I'm supposed to tell you to be at two but you should pick a number that's good for you. Yeah, it's my largest investment, it's my largest asset myself. Salim, where is it fair in your portfolio? Yeah, for me it's in the 40% range range 35 to 40%. What I love about it is as time goes by the percentage of my portfolio represents the percentages in your portfolio. Fantastic. For me, the book by Jeff Booth, The Price of Tomorrow is what nails it. Where he says that we're growing the global economy with 4x

the debt per dollar increase in GDP and that just tells you everything you could possibly need to know. And I love the back to the technology framing which is that when they floated off the gold standard they did not know that technology was deflationary. And so more advanced technologies cost a lot different. You could borrow $10 million, build a TV factory, and a year later those TVs should be worth more or cost more. But no, the TVs are worth half as much a year later. And if you borrow $10 million to chase after a deflationary technology, you're never getting your money back.

It's a good point. I mean, so there's so many different reasons to own it, but I'm grateful for the people like Michael Saylor who have been great evangelists of it. Grateful to you, Peter. You introduced me to it. Grateful to you, Saleem. I confess I didn't understand it. And again, if you're out there and you don't understand it, please listen to us and take

the time to learn more about it. You know Michael Seale and I were roommates at our fraternity together. Didn't you hear that? Yeah, MIT, right? You went to MIT together, right? Yeah. I'll tell you some fun stories when we're not on there. Yes. So, so- I look forward to that. We hit 94,000 per Bitcoin today. Pretty amazing, right? I was like, can I move money fast enough a few days ago to get it at 90?

No, but the question is, you know, if my head of finance is listening, let's still move that money in. You know, when's the best time to buy Bitcoin? Now. Yeah, today. Yeah, yeah, yeah. As fast as you can.

Yeah, and I have no interest in it other than if enough people buy it, the price goes up, but that's a different story. You know, where is there any risk that you foresee? You know, we've talked about Salim on previous episodes, quantum computing, breaking various encoding, and whether we can get quantum encryption up and whether that can work. You know, you've made the point that Satoshi's wallet, which is now worth how many billions now? 70 billion?

No, I think it's more. Because he's got 1 million tokens and we're at 94. It's 94 billion. So, you know, you can think of that. So, whatever it is, when that gets hacked, then it's time to work. It's the greatest X-Prize ever. If you can achieve hacking Bitcoin, you get 94 billion dollars. But hold on. This is an important distinction here. You could hack the wallet, you could get somebody's private key,

but that doesn't break Bitcoin. So quantum encryption may solve the encryption issue, but it doesn't solve the distributed nature of the of the token. So you have resiliency at two levels there. Well, here's what I here's what I would say to both of you guys, I would say that one thing that I would worry about, and this is an existential thing, is we, you know, listen, I, you've got people in the Scandinavian region of Northern Europe preparing themselves for nuclear war. Okay? And so we know that.

Vladimir Putin has changed his rules of engagement in terms of using a nuke. And so, you know, if we're going in that direction, it's going to hurt Bitcoin, it's gonna hurt other assets, and it will put us in a situation, an unknown situation. Why? You know, and so what I would say- Here's my question I understand. If the world was going to hell in a handbasket, I would imagine that for some degree,

because you can't eat your Bitcoin, you can't eat your gold, it's better to have a farm, but to some degree, Bitcoin would seem to be the most protected asset across national boundaries. And why isn't disruption in economies and governments increasing the price of Bitcoin for security purposes? So it's not about increasing or decreasing it. It's about your quality of life and it's about your ability to use it if you needed to use it because if you've destabilized the global order to the point where we're irradiating

each other on the planet, that is an existential threat to every part of your asset portfolio, and that's an existential threat to your standard of living and your great-grandchildren's standard of living. And so we've been able to avoid this since the 1940s because there have been rational actors in control of these warheads. And you have to pray that a regional conflict, you see that the Europeans see the conflict differently than us guys. When you go to the European capitals, what do they say to you?

Well, you know, Hitler walked into Poland in September of 1939, okay? And it took one year, but he ended up in France and he ended up in France in June of 40, and he ended up bombing the UK in September. And what I would say to you guys, Finland and Sweden were not members of NATO for 74 years. Yet in the 75th year, they raised their hand and said,

look, we'd like to join NATO. And so there's a threat going on. And if that threat is nuclear, okay, yes, maybe your Bitcoin would go up because of the instability, Peter, and I accept that. But you're going to have so many problems. And I'm going to have so many problems. Aline, the people listening, okay, we have to get to the world that Peter wants, and you've written some amazing books about this, and I often cite your books, but to get to that world of abundance,

and to get to that world of technological advancement, where we're deepening the wealth of everyone, and I'm talking about lower middle income people, everybody's lifestyle's been improved. Uplifting all of humanity, yeah. Uplifting all of humanity. The first thing we have to do is not kill each other. That's the number one priority So if you we have to be engaged in civil discourse

Rational discourse. Okay, the the bellicosity of Donald Trump's rhetoric is not beneficial It just isn't we can pretend that it is and we can make allowances for him But we can't do that it is and we can make allowances for him, but we can't do that any more than we can accept that we're going to lower the threshold for nuclear weaponry deployment in Europe or potentially in the US. You've got people on national TV in Russia talking about blowing up lunch. Everybody, I want to take a short break from our episode to talk about a company that's very important to me and could actually save your life or the life of someone that you love. Company is

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It's one of the most important things I can offer to you as one of my listeners. All right, let's go back to our episode. There's this America first approach, Anthony, that is for me a threat to the hegemony of the dollar, right? Because if you stop being the world's policeman, there's a higher chance that people stop using the dollar. Do you see that correlated and do you see that as a real threat? Of course I see that.

Of course I see that correlated. I'm going to recommend a book to both of you called America First. It's by H.W. Brands. And America First is the first America First movement, which was a hostile movement started by Charles Lindbergh and Father Coughlin, Huey Long. And anytime you move in that direction, you create legal instability. Okay? And so if we're going with America first and the America first movement challenges those system, this unbelievable legal system that's very predictable in the United States,

the property rights of the United States, you know, you have impractical and unpredictable property laws in places like Russia and China because you don't have a dispassionate legal system. Okay, and so you don't have the legal precedent to protect you no matter who the ruler is. And so if you move in that direction, you lose dollar hegemony. And let me provide a quote to you from the Leviathan. 350 years ago, Thomas Hobbes wrote the following paragraph,

and I'm paraphrasing, but you'll get it. What Hobbes said that the world has its greatest level of peace when one hegemon, when one hegemon, with military superiority over the other nations uses the force of its military might to put down the internecine conflicts around the world. So in other words, it's a force for good. Pax Romana, Pax Britannia, whatever the vagaries are

of the colonialism and stuff like that, I'm just talking about the military suppression. Okay, Pax Americana. And so what Hobbes said 350 years ago, they teach at West Point, and they say that we need to be a force for good. When Trump was talking about the, why aren't they paying their fair share, I was on the campaign plane with him in 2016.

I said, Mr. President, I want to provide some historical context. Our military leadership actually did not want them to pay their fair share. And he was looking at me, what the hell are you talking about? Why is that? Well, they wanted military hegemony. They wanted military superiority. They did not want Germany or Japan to rearm after the Second World War. And so even though we had that treaty in 49 related to NATO, they allowed them to have

that laxity so that we could be a form factor of 10 over the other people because we saw ourselves, rightly or wrongly, as a benevolent democracy. Okay? And so, yes, that whole idea, that rhetoric threatens that position. Okay? And so that's why I want to be Secretary of the Constitution. I think that world safety and predictability and stability, I think everybody believes that is key. Let me share this quick video here. So Anthony, you're going to be on stage with me in March

at the Abundance Summit. We have a two-hour session on... Big honor to be invited here, thank you. A pleasure, buddy. And Kathy Wood's going to be with us as well at the summit in early March. Let me play this quick video of Kathy and let's talk about it. We have a 20-30 target. In our base case, it's around $650,000. In our bull case, it's between one and $1.5 million.

Now, remember, we were the first public asset manager to gain exposure to Bitcoin in 2015 at $250. And we still at $90,000. I think we have a long way to go. All right. Thoughts? Well, you know, I not only agree with her, I admire her because she was shaken to the core by the financial media in 2022, and she was unwavered. And I'm also an investor, I will fully disclose you, I'm an ARK investor. And so I have a lot of admiration for her. But I want to point out something to you. What she's talking about is insignificant in terms of the overall global market capitalization of assets. So let me just explain that quickly.

Yeah, let's do that. Let's do that. That's important. Let's use the $18 trillion number, which is what the total capitalization is of gold. And let's stipulate for viewers and listeners that gold is perceived as a store of value by people around the world. Okay, but there's, you know, tens, hundreds of trillions of dollars. Do you still own gold? Do I own gold?

Yes. I don't own gold. I don't own gold. But many people our age, Peter, do own gold. Do you know what I own? And gold is at an all-time high? Yeah, I went back in 2008. This is pre my abundance mindset, exponential mindset. 2008 when the economy is being hit by the housing crisis and all, these predators will call you up and say, hey, you need to buy gold. You need to buy gold and have it available. And so I bought like, you know, a few ounces of gold just to have them in the safe so that if I ever, if martial law came in and I need to go and trade gold for food, that was available.

And you know, I went on TV, I forget what it was, CNBC I think in 2014 and 2015 and say sell your gold by Bitcoin. And I wish I had sold even more and bought only Bitcoin. So $18 trillion and what's the total market capitalization of Bitcoin today? So it's 1.9 trillion. Yeah, just under two. Yeah, okay, I'm just under two. Yeah, okay, just under two, okay. So forgive me because this thing's updating every moment, but let's say it's 1.9 for

the sake of this argument. If it goes 10x, it becomes an equivalent in the overall asset tabulations of the global capital equivalent to gold. And so, we know that technology, the portability, the immutability, the scarcity of Bitcoin, it should trade to a higher multiple than gold. And that's why Cathy's saying her bull case, one and a half million, would get you to the $25 trillion number.

But here's the thing that I would tell listeners. At $18 trillion, it's not even a pimple on the ass of the global economy. Does everybody understand that? Yeah, gold has a 1%, 2%, 3% asset allocation, big deal. Central banks own gold. But we're talking about something at $18 trillion that is a non-event in terms of the overall capital allocation. But let me tell you what's going to happen, because I spent 35 years on Wall Street,

less my 11-day fiasco in Washington. But let me tell you what's going to happen. These people are going to sell this idea to their investors. The great Wall Street sales machine, we suck at so many things on Wall Street fellas, but selling is not one of them, okay? And there are legions of financial advisors, there are legions of financial consultants,

there are PowerPoint presentations coming out of Fidelity and BlackRock and PowerPoint presentations coming out of Galaxy that are absolutely legendary, and you're gonna get people off zero. Okay, now, before you came on, Peter, Celine told me, and I don't know the answer to this, but Celine told me that he thinks approximately 20% of the Bitcoin has gone missing

as a result of early adoption. Somebody lost their hard drive, somebody lost their laptop. So I don't know. Let's say that's three and a half to four million Bitcoin. So you're telling me, because we've got to mine it over the next hundred years, let's say there's 19 million that we think is out there, four million is gone. We have 60 million global million heirs. We have 15 million Bitcoins. So, you know, you tell me what's gonna happen, okay?

I believe that this asset will trade to that million and a half dollar number. And if you get the regulation right in the deepest, most liquid capital market in the world, the United States. We have a very friendly crypto Congress coming in and a crypto president. Okay. I think this stuff happens fast.

And can I say one last thing? This is very important. Yeah. We're at prices right now that we should have been at in January of 22. This got suppressed by Gary Gensler. You had a approval of the Bitcoin futures ETF. The administrative law required you to approve the cash ETF right away. We didn't do that.

We had to have a lawsuit with that man. And here we are now. All right. So let's react to this Washington Post headline here. Trump eyes pro crypto candidates for federal financial agencies. this Washington Post headline here, Trump Eyes Pro Crypto Candidates for Federal Financial Agencies. Do you know these folks here, Anthony? What do you think of them?

I do. I know Hester very well. I know Dan Gallagher. I've been on television with Dan Gallagher. Christian Carlo has come to my conferences. I work with the man, Gary Gensler at Goldman Sachs. Paul Atkins is actually one of my best friends from high school, went to law school with Paul Atkins.

So yes, I know those people very well. We know that Gary is obviously surprising because he did teach a class at your alma mater that was pro Bitcoin pro crypto But he decided politically he needed to be anti crypto one will someday have to ask him Why because he knows the tech the promise of that technology, but those other people will be very good for the industry And here's a Fox News Article here is at Pennsylvania House introduces Bill to implement a strategic Bitcoin reserve.

Talk about this one. So this is monumental on so many different levels because what they're basically telling you is that this is going to be an important strategic asset globally and they are looking at this thing and if Cathy Wood right, and I believe she is, you're going to buy a dollar at six cents right now. If that thing goes to a million dollars, I predict it will. You can buy it at nine cents, or 0.94 cents. And so yes, I think that will be the first of many.

There will be a avalanche of corporates, an avalanche of sovereigns, an avalanche of states that do exactly that. And by the way, the state of Wisconsin, this is a beautiful story, they put $150 million into iBit, the BlackRock ETF, and then the guy was asked, well, why the hell did you do that? He said, hey, listen, if you're not long Bitcoin, you're short Bitcoin. Someday some consultants come into my office and

they're going to tell me that I need to own stocks and bonds and hedge funds and private equity. And they're going to say, you know, you need a one or 2% position in Bitcoin. And I'm going to be like short Bitcoin. Why not own it now? And so when they eventually get there, I've already got my position at a lower cost basis. So that's also happening, guys. Salim, where is this going in the long term? The stat I saw that I loved was if you put 1% of the Fortune 1000 puts their treasury in Bitcoin, just that drives it to a million dollars in Bitcoin. I think there's a bigger picture here, which is that there's about about 600 trillion in global assets, but half of that is real estate. And so in that, Anthony's

absolutely right, gold is still a couple of percent on that. It's a dot on that whole picture. I said it was the opportunity for being food. It was the pimple on the ass of the economist. I'm trying to be graphic for you. I'm trying to be, I'm Canadian so I'm a little more polite. Is that you can, it's just got so much range to go. And in the absence of anything else, a true deflationary limited scarcity model like this gives you unbelievable upside.

And again, 15 years later, nobody's found a way of hacking it. And even the guys that I know that built Cosmos and built Ethereum and so on are like, we first hated the proof of work thing, so we built proof of stake networks. Now we see the proof of work as a really powerful foundation, because the act of doing the work

just gives you so much confidence in the foundational aspects of it. So just watching the dominoes topple everywhere that I can see around this. It's unknown to the majority of the people. Okay, I went to a 35 year reunion at Goldman Sachs. I started there in August of 1989. They gave me five minutes to speak. I said, guys, I just want to do a survey.

How many of you in this room own Bitcoin? Nobody. How many of you have kids that own Bitcoin? Maybe three or four. And there was 150 people in the room. And so it's so early and it's so scarce. And then when somebody says it's rat poison, Buffett says it's rat poison, it's rat poison scare.

But ask him, has he done any work on it? Does he understand the technical properties that you've described? Does he understand where it fits in terms of the Neil Ferguson checklist of how we think about money and stores of value? This thing is technologically perfect for that. That's not my quote, that's Michael Saylor's. I understand, but people, what you just said, there's only 5% global adoption. This is where Web 1 was in 1999. What you just

said, 95% of the available investors does not know. Let me give an example. I'm sorry, Peter, go ahead. Yeah, no problem. I talk about what I call the 6 Ds, which is a way to think about and predict the impact of technology on different industries. Anything you can digitize enters a period of very slow deceptive growth and eventually disrupts. And along the way, it dematerializes, it demonetizes, and it democratizes, right?

So we've seen that the first 3D printers were these little cross-linking with ultraviolet light stereolithography. And it was very slow and very deceptive in the beginning. And now we're 3D printing entire rockets. We're 3D printing homes. It's disrupting industries. The Kodak digital camera that was devised in Kodak Labs

was 0.01 megapixels originally, then 0.02, then 0.04, and 0.08. All look like zero. And Kodak ignored the digital camera, and it put them out of business when it digitized and dematerialized and then democratized where these things, we have happy snaps now in the trillions. And so what we're seeing here is that Bitcoin is in the same area.

It was deceptive in the very beginning, right? When it was going for pennies to dollars, 300 bucks, it was insignificant. Well guess what? It's now at $100,000, almost there. It's becoming disruptive. And it has dematerialized our financial systems, dematerialized banks and traders and exchanges, and it's democratizing access. So I think this is just one of the normal transitions that we're seeing in this exponential

growth curve across industries. Salim, I am curious a decade from now Is is Bitcoin? Something which is What nations are basing their reserves on what companies are basing the reserves on how fast are we going to see? this transformation and there is a see this transformation. And there is a point at which it flips, in which you need to have what you're doing based

on a Bitcoin platform. When do you think that's coming? Every treasury secretary in the world is looking at this now, right? And every Fed and every central bank, they can't not look at it. At some point, the braver ones will start over. And then you're right, it'll be a

flipping point and then the whole thing will go. I was asking Jeff Booth about this, right, because the key question is when do we hit that little tipping point? He's like, which snowflake creates the final snowflake that has the avalanche come down? It's hard to predict that one. All you know is the avalanche is going to happen and so you basically bet on the avalanche on that sense. I think this is I would take I would say takes about another year or two in the middle of some of this uncertainty we're dealing with and people go oh my god I have to be in it and then it'll just start a cascade from there. That's my rough guess. You know I agree I guess the only thing I wanted to say from an example point of view is you are going to have a permissionless based transfer of wealth system. And so when I went to Rome for the first

time, I was 21, it was 39 years ago. I waited in line at the post office to buy a calling card to call my mom. It was 15 US dollars, okay, and it gave me five minutes of calling time, three dollars a minute. Now I can go to Rome, I can log into any internet cafe, and I can FaceTime my mom for no dollars a minute. Or any Wi-Fi. And so to understand what, yeah, so what's going to understand, understand what's going to happen, you have $7 trillion that we're spending globally to verify transactions, to codify transactions, credit card fees, wire fees, all different types of ancillary third-party verification that ends with this cryptology, that ends with this blockchain, and said differently, two guys came

to see me from El Salvador, economic advisors to the president. They said if we can set up a wallet to wallet transfer, we have 15 million expats in the US. They want to send money to their parents or family. They've got to go to Western Union. Ten cents on a dollar goes to Western Union. So if a thousand, they're all unbanked, guys. They're all unbanked. Ten cents goes to Western Union. Ninety cents goes to mom and dad.

They would save $400 million a year with a wallet to wallet transfer over the blockchain. So you guys know, because you're technologists, when it works better, it's more efficient, and it saves money, it gets adopted. And even if the government doesn't like it, the government hated Uber. Who liked Uber? The people liked Uber. Yeah. I talk about countries that made Uber illegal as the anti-technology nations you don't want to start your startup in.

We're seeing a... Can I do a quick side story on Uber just for that? Of course. Just for the heck of it. Of course. Yeah. By the way, I have Travis, the founder of Uber, he's going to be speaking at Abundance 360 as well.

And we're going to be talking about Moonshot so you'll have a chance to ask him or tell these additional stories. So a few years ago one of my community members says, hey can you help me? I've got a meeting with the finance minister of France and I would love some guidance. I'm like yeah what's he going to meet about? He says yeah he's got one question which is how does he shut down Uber because the taxis go on strike, the buses go on strike, the airport goes on strike. The president yells at him his life's a mess. So he's like, I need to figure out a way of shutting down Uber. So we have the five minutes of research.

And around Paris, you have the Bonlieu, these suburbs of North African horrible drug crime infested neighborhoods. It turns out the French government has spent $40 billion over the decades trying to solve that problem with zero outcome, except over that 18 months previous because of Uber, crime rates have dropped 10x because they're all out driving.

So this guy's trying to shut down the thing that's saving him a $40 billion problem. And those are the little ancillary benefits that people don't see when you see this type of systemic change. It's incredible. How do you think about the age curve for Bitcoin adoption, Anthony? Is it something that younger adopt it faster?

Is it a generational issue right now? No question. Our generation, me and you, OK, I don't know how old Salim is, but you're an old bastard, as am I. By the way, you look fantastic. What are you? I'm taking all the stuff that you gave me 10 years ago.

I'm 95 years old. I think I look great for 95. You're amazing. And by the way, my face is pinned back, Salim, my face is pinned back like Joan Rivers. Okay. I've got enough, I've got enough Botox in my face to kill a snake. You follow what I'm saying? But I am taking the Peter Diamandis cocktail of supplements that he suggested to me about eight years ago, just so you know. But I think our generation is going to miss it, frankly. suggested to me about eight years ago, just so you know.

But I think our generation is going to miss it, frankly. Again, like I said, 6% adoption globally. If you're 60, you're not buying Bitcoin 20 years from now at 80. I think our generation is going to miss it. Some people will get it. There are people in our generation, Howard Marks told me he hated Bitcoin. Obviously, the CEO of Oak Tree, multi-billionaire, but his son got him into it. There are people in our generation, Howard Marks told me he hated Bitcoin, obviously the CEO of Oak Tree, multi-billionaire, but his son got him into it.

So there will be a group of people from the 30 years junior to us that knock on the melons of their parents and say, hey, I don't know what you're doing, but you have to have some of this in your portfolio. I asked my mom, God bless her, she's 88, and I said, where are you putting your distributions? And show me your portfolio. I asked my mom, God bless her, she's 88, and I said, where are you putting your distributions? And show me your portfolio. I said, you got to put it into Bitcoin. Mom, please do that. And she calls me back and she says, my financial advisor, Morgan Stanley, won't allow it.

And they don't have a mechanism for doing it. And I'm like, that's immoral. I mean, it pisses me off. I said, change financial advisors. You know, there's something happening in the younger generation that is really fascinating because I've been dragged into this entire NFT world over the last two, three years. You sit in these Discord channels where they're trading NFTs and now trading ordinals and whatever. What's fascinating is you never ever, ever, ever hear the word US dollar.

And what's fascinating is you never ever, ever, ever hear the word US dollar. It's all Ethereum or it's all Bitcoin. So the unit of account for this next generation is not tied to the dollar. For us and everybody older than us, the only thing we ever knew was the dollar. And therefore there's something really big because a mindset shift is that that state change is going to allow them to be flexible as to what they view as where their stores of value are. I think that's a game changer for the next generation. I have a question for both of you guys. I agree with that. You go ahead.

So I remember in 2017, as Bitcoin was peaking back then, everybody was buying and trading shitcoins 24 hours a day. And I looked in my treasure hard wallet and said, I have all these coins, half are dead, a few are still sort of barely alive. What do you think about anything other than Bitcoin? What do you think of Ethereum? What do you think of other cryptocurrencies? Is there anything else worth looking at? So listen, I'm a big believer in Solana as a utility token,

as a layer one utility token. It's got properties I like. It's very fast, low gas fees. It's easy to build on. It has a big TVL, big community. And I imagine a day, to Saleem's point about we lived in a dollar-based world, but now our kids don't live in that world. I'm going to imagine a day five years from now where this phone that I'm holding is going to have a tokenized version of my Disney stock, a tokenized version of walmart a tokenized version of starbucks it'll likely be on solana i walk into starbucks and they say to me hey.

We're having a share repurchase going on here and so that four dollar coffee we're gonna give it to you for three dollars and fifty cents but can we take a sliver of your stock out of your. Portfolio from your phone. of your stock out of your portfolio from your phone. Or the same thing could be happening at Walmart or Home Depot. And I think that stuff is gonna happen on Ethereum or Solana. Okay, but I like Solana better because I just think Solana is a better mousetrap for speed and for cost. Now, you guys know there was Ask Jeeves, there was

Alta Vista, there was all kinds of search engines to get access to the internet before Google showed up. And so maybe I'm wrong. Maybe there's something out there that's going to be a better operating system than them. But I do think that over the next 10 years, I think they will do well. Saleem, how do you think about Ethereum, Solana? Yeah, I agree. I've got a. I've got a slight extension to that, which what I'm hearing right now talking to the various folks in the crypto trading world is you're going to have Bitcoin for being

safe, you're going to have meme coins for gambling, and the utility tokens become less relevant from a gambling perspective, but much more relevant from a solid bet on certain use cases, as Anthony just mentioned. So I think you end up with three categories. Meme coins to do, you know, trying to get 100X on something. The utility tokens where people are excited about Filecoin because of that use case or Solana for payments or whatever. And then Bitcoin is a safe place to be. Yeah, it's worth noting Dogecoin surged 150% since the election day, right?

So, you know, Dogecoin spikes after Trump announces Department of Doge. Yeah. Oh, I mean, you know, that's Elon. I mean, that's his gift. You know what I mean? Listen, I mean, the guy is a brilliant guy. He's going to out-AI all the AI people. You know, he's's gonna out-AI all the AI people. He's gonna out-bore the tunnel people. He's gonna out-electric vehicle... But he's done it over and over again. He's done it over and over again. No, no, no. He's the man. Listen, he's the man. I guess my only thing with Elon, I'm not a friend of his, but my only thing with Elon, we all have blind spots in life and you are an ancient Greek,

Peter, and you know that the gods have gifted us with many different things, but they take certain things too from us. And I'm telling you, you got to be very wary of Donald Trump because he's hurt a lot of people, a lot of, forget about me, there's a lot of people in his wake and Elon has got a great life, he's built some amazing businesses and I know he wants to help the country, I want it to help the country and I wish him well and I hope he'll be unbelievably successful but you got to be careful in the midst of that man. Real quick, I've been getting the most unusual compliments lately on my skin. Truth is, I use a lotion every morning and every night religiously called One Skin.

It was developed by four PhD women who determined a 10 amino acid sequence that is a synolytic that kills senile cells in your skin. This literally reverses the age of your skin skin and I think it's one of the most incredible products. I use it all the time. If you're interested, check out the show notes. I've asked my team to link to it below. All right, let's get back to the episode. By the way, I think it is worth noting that Elon's points of view here, he honestly believes them. I don't see these as, maybe I'm naive, but I don't see them as manipulations. I mean, he honestly believes that X was required

to enable truthful conversations. He honestly believes that Tesla is important for a global electric economy, that SpaceX is gonna make us a multi-planetary species. He's got enough money, he's driven by doing things that he finds meaningful. And so I was surprised by his jumping into the election as much as he did. I mean, he bet everything. He went all in. Well, I mean, listen, again, he helped Trump tremendously, particularly in Pennsylvania.

And I want him to help Trump. You Trump. I hope Trump listens to him. The problem with Trump though, if Elon gets a little bit more famous than him, blah, blah, blah, he's going to hit with the ray gun. That's what happens. Trump said something the other night, and I laughed. He was at the America First Policy Institute dinner, and he said, Bobby, Bobby, you're getting more famous than me Bobby don't get too famous and that's that but that's the sentence before he hits you with the fucking ray gun you know I mean that's the sentence you know and I've

seen him do it there's so many people you know so I hope I hope that doesn't happen you know JD Vance since the election. Look at me. JD, are you down there? JD, where are you? JD. Cause JD's smart. He's like, this is Trump's show. Let me get the fuck out of here, man. JD, you want to do an interview?

No, no, I'm good. JD. Where are you JD? He's got the fucking Waldo hat on now, Peter. You know what I'm saying? Where's Waldo? Wow. You learned a lot in those 11 days, didn't you?

I remember I worked for him for nine months. I traveled around on a plane with him. I remember when your son brought me in. You know, and I used to really piss him off Reinspree. Your Greek friend Reinspree, he used to really piss him off. Ryan's pre your Greek friend, Ryan's previous, he's really piss him off because the way I'm talking to the two of you, I would talk to Trump like that. And Freiburg didn't understand that because he was like a major, you know, DC ass kisser and he was like, how the hell is he talking to Trump like that?

And the truth is we're new Yorkers, you know, I have a framing. I'd love to bounce off your Anthony because you know, in an ideal world you end up with win-win outcomes. And my concern with at least the way Trump has been in the past is there's no win-win everything's win-lose. And if you play the game, you're going to lose. So best not to play the game would be the would be the outcome there. And that's why lots of very smart people don't want to get involved. Do you agree with that? Don't agree with that? Well, yes, I do agree with that,

but I don't agree with that very smart people don't want to get involved because Elon's probably the smartest people, one of the smartest people on the planet. People are intoxicated to get involved. And if I will tell you guys, and I will confess this to you, and again, going back to the ancient Greeks, right?

My pride and my ego will be my mortal enemy. And so my wife hates Donald Trump almost as much as Melania hates him. And that's not fucking way up here, okay? And my crazy hatred. And she told me not to do it, but I did it because I was my ego talking. I needed to go work for the president.

I built a business, I went to Harvard, I got to go work in the White House. And there was a guy, I can't tell you his name, but you would really respect this. He got a big appointment and he called me in December and he said, I'm withdrawing my name. I said, what? Yeah, I'm withdrawing my name. Yeah, I met with Trump three or four times and it dawned on me that I'm going to get hurt and this is going to hurt my name. I said, what? Yeah, I'm enjoying that. Yeah, I met with Trump three or four times and it dawned on me that I'm gonna get hurt

and this is gonna hurt my family. And I'm putting my ego in the right place and I'm pulling myself out of the position. And I was like, wow, this guy so stupid. How could he do something like that? He was right, Salim, I was wrong. He was right. And sometimes the big lesson in investing, the big lesson in life, get your pride and your ego out of your decision making. Be self-aware. My wife said to me, you and Trump on a campaign, no problem.

Two jackasses going back and forth with each other him as president United States you working for him You're gonna be in a nightmare Okay, because you know he wants now sick of it. There's nobody talking to Trump the way we're talking right now nobody Nobody I tell I believe I know a lot of people that are still working with them. They call me all the time Nobody sitting there with the straight shot to really have the hash out. All right. I'm going on to next subject here. We've covered this one before and in full respect.

We've crashed it to death. RFK, coming in, Health and Human Services, reinventing our food system, our medical system, our healthcare system. I mean, first of all, our food system is killing us. Let me just put that on the record. I think that we are being destroyed. We're being manipulated. The fact that kids' cereals don't have black box warnings on them for the amount of sugars in there is just pathetic.

And just cheap, salty, sugary foods for the poorest, it's sinful for us to have that as our baseline. And we need a reinvention of the entire healthcare system. So how do you think RFK is going to serve and fare in this? That's the first question. The second question we'll put out there is deregulation. I'm in the health and biotech industry. I invest in a lot of biotech companies. I've started a number of biotech companies and it has been just destroyed by regulation.

The FDA's thesis is we're not happy until you're not happy, right? Doing anything new and novel is effectively illegal or super hard because you're penalized for something you approve that kills one person and you are not penalized for something you don't approve that is killing hundreds of people in that disease category. So let's talk about RFK and deregulation. Who wants to go first? I respect Bobby. Full disclosure, like you, he helped me on the Bitcoin book. I've helped Bobby politically. And again, we can talk about the vaccine situation

with Bobby, some of the things he's saying makes sense. Perhaps people in the medical community would challenge some of the things he's saying. So I'm gonna lead that to the medical community. I speak as a dad. I believe everything that you just said and I've experienced it, Peter. If I go to Greece and I eat food, I lose weight.

If I go to Italy and I eat food or drink coffee, I lose weight. If I eat food here, the same food, I gain weight because there's so many preservatives and there's so much nonsensical stuff in the stuff, okay? And we did something to the country which is why I want to be Secretary of the Constitution. Citizens United has corrupted the country because if I'm big food or big pharma, let me light up everybody in the Congress and then let me tell everybody in the Congress and then let

me tell everybody in the Congress that I need to put fertilizer and additives and preservatives in the food so I can cheapen up the manufacturing of the food. Yes, cheapen up the price to your point, but it stays on the shelf for 15 years and it makes everybody fat. Now you know because you're a scientist and a doctor. If we went back to our obesity levels in 1991, we'd save two, you want to talk about two trillion dollars? We would save two trillion dollars in healthcare expenses if we just went back to the portion sizes and we just cleaned up the food. So by the way, I think that is the biggest savings we can have is in our healthcare costs. Right?

Of course. So, Bobby talking about this and if Bobby can implement this, I want a bronze statue to Bobby in front of the FDA. Okay? And Bobby, Bobby, whatever you think of Bobby, Bobby's been on this for three decades, fellas. Yeah. I think he's amazing. And Bobby's been on this for three decades, fellas. Yeah. Okay. I think he's amazing. And he's right about this.

So you tell me, I want Bobby to get that job. I know there's some establishment people that don't want him to get that job, but if Bobby's in that job, but you know what I told you about the grind in Washington, right? They'll find something on them. They're gonna grind that guy.

You know, we need 20 people going into that department with Bobby that think like Bobby. Do you understand what I'm saying? I do. Because unfortunately, because I have an 11-day PhD in Washington scumbaggery. I have an honorary doctorate. What I'm telling you is that he can't do it alone. He needs a legion of Bobbies to help him. Yeah.

So I agree with everything you said. I think Citizens United has been a real nightmare for the country. Terrible. I think the issue- It's a constitutional amendment to reform that. Yeah, that's a huge problem. And the problem I think we have is that

it doesn't matter whether it's Bobby Kennedy or somebody else. Yes, he's got an unbelievable track record of environmental fighting, corporate interests, et cetera. And God help us, we need 10X more of that. But how much can he do to undo the regulatory capture in both healthcare and in food? And we need that. And it may need to happen at a level above. And the best thing we could do is just educate the population that this is really what you're doing today is really bad and let the market drive changes.

So you and I agree. What I would say to Bobby, you got to go district to district. There's 435 of them. And you got to do podcasts, local radio, and you got to do local media. And you got to get to Peter and Salim's family in every district and say please

call your congressman. Please call your congresswoman. Knock off the relationship with Big Food. Michelle Obama- And by the way, if Bobby is listening, please come on Moonshots. I would love to have it because what you're planning to do is an incredible Moonshot. No, he's the man. I mean, I totally respect him, but I'm just saying to you, Michelle Obama tried this in 09,

and in 2010, they crucified her. They started calling her Michael Obama. They put all kinds of conspiracy theories out on the internet. That was big food and big sugar that went after Michelle Obama. There's a great documentary about this, a couple years ago, I sent you the link,

but they crucified her and he wanted to win reelection, so they backed off the food safety standards in the country, but that's why she had a garden in the White House. She was growing her own stuff to feed her children. We shouldn't be doing that in this country. It's too rich and too successful of a country. Just use the European playbook on this stuff. Let's talk about deregulation a little bit

because right now, if I want access to stem cells and various regenerative medicine treatments, I'm flying down to Costa Rica or Mexico or other parts outside the United States to get access to that, which I think is kind of insane. Now, does there more research needed? Sure, but at the end of the day, we have enough data to say there's a reasonable level

of safety, and if I'm an intelligent adult, I should have the ability to access these regenerative medical treatments instead of having to leave the country. I also saw, as we all have, the biotech stocks just going down a whirlpool, down the drain over the last few years with short sellers. So I'm hoping and believing that we're going to see deregulation really ignite a new health dividend for biotech. How do you feel about that, Anthony?

Yeah, listen, I mean, a couple of things I would say to you that, again, once again, big pharma. Because big pharma's putting pressure on the FDA. MDMA, which Bobby is a proponent of, and I believe, Peter, you've helped my son with his MDMA projects. Yes, I think MDMA is incredible. You know, the Pfizer.

Yeah, and for people who don't know, MDMA is a psychoactive drug. It's been used over and over again with people who have severe trauma to overcome that trauma, to do it in a beautiful and graceful way. So anyway, please go back to what you're saying. No, I'm just saying that, hello FDA, how are you? Yeah, this is Pfizer. Do you guys want a job here at Pfizer in two years? Oh yes, we do. Okay, stop MDMA. Hello, this is Pfizer. We don't own everything related to stem cells yet. And so we don't want those approved in the United States. You got to go to Costa Rica or Panama. Okay, no problem. And so, oh, semi-glutide, which you know

is a peptide, okay, that's always been available. Once they license it and once they made it a drug, let's use it. But these other peptides, like the 157 peptide or others, sorry, can't use it, but these other peptides like the 157 peptide or others, sorry, can't use it because it's too universal. So this is where Bobby's going with all this. And so yeah, I think it's unfair and I think it's wrong and I think it's hurting the country. And we weren't like that, Peter. Yeah. You know, when Jonas Salk came up with the vaccine, he open sourced it.

They didn't make any money off it. He, we weren't like that. Okay. And we have to go back to that sort of standard in the country. And so that's why, you know, look, look, whatever you think of Donald Trump, Bobby Kennedy is not going to be the secretary of health and human services without Donald Trump. So I spent a few moments shitting on him and some of his rhetoric,

but as a disruptor, I give him credit in that area. I want to be fair and objective. I want Bobby to succeed. And if Bobby's proven wrong about a vaccine or this, that, or the other thing, a Mirasol, whatever he's talking about, okay, let's prove that wrong, whatever he's talking about, OK, let's prove that wrong. But let's get the data together.

Yes, get the data. Yeah, 100%. I do agree that one of the policies that Trump put forward, and whether it was him or his advisors, that you can't regulate an industry and then jump into that industry after you retire. I mean, that is absolutely, it's a ridiculous farce. Yeah. I think this goes straight back to the previous conversation on how do you

get big corporate interests out of the regulatory and it's a systemic issue. Hopefully if there's somebody that could do it it would be Bobby Kennedy because he's got a track record of that. Hopefully he has enough of a stick to be able to do it effectively. So, you know, listen, we have overstayed our welcome here, Anthony, on your schedule, but, and we haven't covered AI. I'm thrilled to talk to both of you. I want to have you back here on WTF Just Happened in Tech

on our Moonshots podcast, because I love your New York attitude. It's like, you know, and your hair is just amazing. Tell me when, man. Okay, great. Well, we'll have, I appreciate you too, brother. I appreciate you too. And your son, AJ, is doing amazing.

You gotta have balls, though, right, Peter? You do! You gotta have balls. You gotta call it as you see it. Yeah. When you see my son the next time, say AJ, when you were walking on the beach at age eight, what did your dad say about your footprints?

I will ask him. Do you wanna hear what I said? Well, sure, what do you say? Yeah. Okay, he's afraid for me to tell you on the podcast. Okay. So you ask him, you ask him. All right, I will ask him.

Wait, I wanna know. When he shuts the recording off, I'll tell you. All right. I'll say. You know, there's so much that's happened in this last month in AI, in humanoid robotics and space. It's pretty extraordinary. I think people need to realize we live during the most extraordinary time ever in human

history. You know, our ancestors would view us as gods. And I hope that what we're going to see over the next four years is the roaring 20s, that we're going to see the amount of capital flowing in, the amount of ease that entrepreneurs have to reinvent. You know, AI and humanoid robotics can truly bring about an age of abundance.

And as the Secretary of Abundance, I'm going to be pushing that as hard as I can. Salim, remind me what your cabinet post is here again. I've forgotten now in the richness of this conversation, but it would be in the constitutional amendment. Oh, you're on Doge. You're going to jump into Doge. You said Doge. You said Doge before, but yeah. I did. But after hearing the difficulties, you have to lift up to the higher level to fix it,

and then you can come back down again. That's the truth. And there's two things we need. Number one, we need a constitutional amendment to fix Citizens United. We've created a separate but equal democracy. Money matters more than it should in the society. Trump will say, no, I spent less than her and I beat her. It's not that, it's in the Congress. Since January 2010, that decision was rendered. The Congress is all about corporate welfare and the Congress is all about doing what big business wants it to do. Very, very bad for our society. Got to get back to the people.

Second amendment, second big amendment that we need. So that would be the 28th and the 29th amendment is to end gerrymandering. Has to be ended. Please, yes. Sorry. Yes, 100%. You got to get these congressional districts to look like the geometric shapes that we could recognize from ninth grade geometry,

not the jigsaw puzzle nonsense that we have now. And guess what would happen? You would liquidate the extremists and you would liquidate the long tenured servants because you know, hey man, you got to get in the middle. These are marketing competitions, guys. I love the term limits idea for Congress. How about getting rid of The electoral college and just going to a straight Democratic vote of 330 million Americans. Will that ever happen? I don't I don't want that you don't want that

No, no because remember what the system is. It's a republic and so the system is designed to have representation But to prevent mob rule it's a republic. And so the system is designed to have representation, but to prevent mob rule. Okay. You have to have things in place to protect minority voters. I'm not talking about black or brown people. I'm talking about the election was one 41 to 50, you know, four 51 to 49. You got to protect the 49. And the founders understood that. The Electoral College does that masterfully.

Now, people are upset with it because the last couple of elections, the Electoral College was diverging from the popular vote. But that works. If you don't do that, these candidates will sit in the coastal cities and they'll go for the popular vote and the middle of this country will be ignored by those candidates. And I'm telling you guys, you don't want that. We've already got enough strain in the country. Trust the three to 250 year mechanism of the electoral college.

It maybe hasn't worked perfectly in the last 20 years, but trust it over the next 50. But Anthony, the candidates right now are focusing on five states or Pennsylvania. I mean, how real is that? I disagree. Donald Trump went to California. Donald Trump did three rallies in New York State. Donald Trump did a rally in New Jersey. Donald Trump was trying to win the popular vote as well as the electoral college vote. Yes, that was a playbook for 8, 12, 16, and perhaps 20. That wasn't the 24 playbook. And by the way, pay attention, you may dislike Trump or like Trump. He's a formidable political beast and he was playing to win the popular vote. He went to

states that he couldn't win to improve his margins in those states and to help the representatives that were running down ballot from him. Yeah, I can say about Elon, I would never bet against Elon ever. Right. What he did with XAI going from raising six billion dollars on day one to building out his colossus cluster in one hundred twenty two days and blowing away the competition and now doubling it again in size. And I think the same thing for Trump. You're not going to bet against him. He's talented, but you got to check his rhetoric, my friend.

I'm just telling you, as a citizen that loves the country, and I certainly love the promise of Elon Musk, and I hope Elon Musk lives to be 150, and I hope he's worth $10 trillion because he's adding economic value and economic rent to the society. But you've got to check people that speak cruelty to other people. Can't do it. Sorry, man. Understood. Understood.

And I'll speak out against it for the rest of my life because I am from a family of immigrants. They told my grandmother to go back to the country she came from. Okay? And you can't have the President of the United States talking like that. Sorry. Without somebody calling him out on it and saying, hey, asshole, cut it out. Yeah. It doesn't help the discourse in this country. Respect is important across the board, especially from our leaders. All right?

Respectful dialogue. Salim, you were going to say something. If we're talking about amendments and constitutional stuff, I would go after the second amendment as well just to tweak it a bit But the week we don't have to touch down that yeah that was that was a good fire We write on the constitutional secretaries of the Constitution. Okay, we're gonna tweak it up We're gonna get it refreshed for the next great American century Which makes the system fair more plural? great American century, which makes the system fairer, more plural, and protects people from tyranny. So that's exactly what our founders wanted to do.

That's the reason why we're so prosperous. Let's tweak it up again and to prevent an oligarchy. We don't want an oligarchy. I want must be worth three, four trillion dollars, but I want there to be a very deep, very broad, middle and positive growing aspirational middle class. Roaring 20s, buddy. One of the things that I'm incredibly encouraged by just in the world is that if you went back a couple hundred years ago, the richest people in the world exclusively had inherited their

wealth. And today the richest people in the world have actually created their wealth and I think that's incredible Yeah, I mean a lot of that has to do with the American model It's been exported to India and the UK and Europe, but the Americans really came up with that right Andrew Carnegie came here penniless Yeah, my my venture to me. It's an it's amazing one of my venture funds exponential ventures. It's an AI fund investing in MIT and Harvard teams. We have two companies founded by effectively 21-year-olds that have gone from zero to two billion dollar valuations in under two years. The ability to create wealth today is insane and I think it's just beginning.

insane and I think it's just beginning. Now the good news is when that wealth is created, Facebook and Google and OpenAI have created not just a couple of billionaires at the top but hundreds and thousands of centimillionaires below them that then go and invest in the next generation and there's this engine, right? I just got back from India. I was in India, four cities over the course of two months. And the problem is that that doesn't occur there yet. If you've got a great idea, you leave the country, you go and build the United States, and the wealth is not being created that is flowing to a large percentage

of the entrepreneurs who then reinvest. And so we need to preserve this special sauce that we have here. And I think that we can spread it as you can spread some of these ideas to places like India, it'll completely change the game there. Yeah, I love it. I love it. Remember, remember something. Your freedom of press, the First Amendment, Secretary of the Constitution, drives the

economic innovation. Do never forget that because we teach our second graders to speak and think freely. They create the XPRIZE. They create Singularity University, Google, Facebook. They develop Bitcoin here in the United States. And remember that, okay? If you teach your second graders they can't talk about dear leader and they got to go into a re-education camp if they do,

they don't innovate. They have to steal our intellectual property. Okay, so these sacred ideas that have been in these texts for hundreds of years are there for a reason. Okay, that is one of the fountains of our innovation and our creativity is the free press. Don't go after the free press, okay? Amen, but you know, the last thing I'll say is media in the United States is changing dramatically, right? The old news networks are vaporizing

and slowly dematerializing on their own. I mean, this was a podcast election, I would say, for the first time ever. Yeah. Totally agree. Yeah, but they lost the plot, the media. Look, by the way, by the way, I don't agree with what the media's doing,

the hard right or the hard left or the nonsense, okay? And so what happened? Great innovation happened. Joe Rogan comes on, I don't know, hundreds of millions of downloads, and people think of Joe as a fair arbiter of trying to get to the truth. Bobby Kennedy has a podcast talking about the... Uberman has a podcast.

You two guys have a podcast, okay? I'm inspired by your podcast. When I listen to your podcast, I'm like, all right, things are going to be okay. And I will confess to both of you that I have stolen, and by the way, I don't give either of you two credit for anything. I steal the entire thing, full plagiarizing, okay, elements of what you guys talk about in terms of exponential abundance and to get people off of thinking linearly while the world is happening around them exponentially. I listen to you guys and I import and incorporate what you guys are saying. And that's not, that's, that's not legacy media. That's a new media.

I think this is a perfect. So, so, so, so, so the media blows. So now we've got people like you coming in to innovate and they're going to be forced to change. Yeah, if they still exist. Let's have the free press though. They wanna act like assholes on the left or assholes on the right, who cares? New media will come in and knock those guys out. Yeah, I mean what I love about X,

I still call it Twitter, but what I love about X is the fact that anyone can post and that I'm not beholden to some editor who's telling me what they think should be posted. I can see it all. I can follow Scaramucci here. I can follow Salim. Listen, this has been a fun conversation. We still have a lot more to talk about. So let's do this trio again. First of all, I'm grateful for all the time. Thank you, buddy.

Thank you. I'm huge fans of you guys. And by the way, thank you for introducing me to Hal Finney because it's part of my lessons in stupidity that I didn't have the insight, the judgment or the understanding of what he was saying. And God bless him for coming up with it and saying it and helping it along. So Mooch, where can people find you? I just want to remind you the little book of Bitcoin is coming out December 4th. We'll put the pre-order link down below or just Google it. Do you have a website up for that already? I do. Well, everything's on scaramucci.net. So, www.scaramucci.net really, there are, there is a website too for a little book of hedge funds, a little book of Bitcoin.

But scaramucci.net, I'm at scaramucci on X, at scaramucci on Instagram, I'm at scaramucci on blue sky, I'm at scaramucci, my sons are pissed at me. I took all the at Scaramucci's on LinkedIn. And what can I tell you? Okay, I got there first. I'm older than you bastards. And listen, I have a podcast on politics. I do it with a woman named Cady K. She's a British journalist. It's called The Rest is Politics U.S. And it's a fun podcast because... Because you're involved. It's called The Rest is Politics U.S. and it's a fun podcast because. Because you're involved. It's long form and I'm unfiltered. You know what I'm saying? I know.

Love it. I can't wait to go listen to it and super appreciate the book recommendations. If you listen to it, last week's podcast starts with Cady K in her British accent, reading the last Trump tweet about me, calling me a major loser. A major loser. Of course, I know that's a love message from him, because I know exactly how he thinks. You know, Vance called him Hitler, Bobby Kennedy had bad things to say,

but everyone goes in and out of Trump world. You know, he changes his mind sometimes. I can imagine the phone call, hey, Mooch, come back, I need you. He's not gonna do that, trust me. I guarantee that he won't do that. I'm gonna start a betting pool. I'm gonna start a betting pool.

But I guarantee there'll be peace in the kingdom because, you know, and he loves moxie and he loves balls. I'm not gonna let him go after my wife without taking him on a little. Come on, man, come on, guys, come on. Peter, you grew up out here. What'd you want me to do? You want me to go to these Italian restaurants out here

with people thinking that Trump could walk on my wife without any retaliation? I mean, come on. That's ridiculous. God forbid, right? All right, I love you, buddy. Good to see you. You love him to shit, though, right?

This is the real Italian shit, right? You love him. This is the real Italian shit. All right, God bless you guys. God bless. Take care, Salim. Take's really tiny ship. All right. All right. God bless you guys. God bless. All right. Take care, Salim. Take care, Mooch.