The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - BIG BEAUTIFUL BRRRR PASSES, NOW WHAT? | The CBP 222 Pt 1

Episode Date: July 8, 2025

FRIENDS AND ENEMIESIn this video, we're discussing the implications of the Big Beautiful Bill (BBB) and how it may affect the economy, particularly in relation to inflation. With the Trump administration's policies in focus, we're analyzing the potential impact on the stock market, specifically the SP500, and its correlation with Bitcoin (BTC) prices. As we navigate the complex landscape of economic indicators, we'll explore the possibilities of what's to come and what it means for investors. The BBB has been touted as a game-changer, but will it live up to its promise? Join us as we delve into the details and provide our insights on the future of the economy.#Trump #Bitcoin #MSTR #SMLR #MTPLF #tariffs #BBBJoin us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.

And one of the things that can't be attacked is your self custody Bitcoin. And one of the things that can be attacked is the ETF. You can't be exposed to that. That's my view. It's not a good idea. And by the way, that'll hit MSTR too. It'll probably get other stuff as well. Friends and enemies.

Welcome back Canadian Bitcoiners podcast. be better informed listen to Len and Joey spots is taking care of right off the top of Bitcoin and easy DNS the media is feeding the slop it doesn't matter what topics discussed quality entertainment and information you can trust that's being planned or at least discussed you know we're not gonna be allowed to buy information you can trust send the guys some value boost them with some stats Bitcoin is the scarcity asset I, it's just a fact. Geopolitical, national down to the local cloud. Friends and enemies, welcome back to another edition of the Canadian Bitcoiners podcast. My name is Joey. That's Len. Buddy, what's going on over there? How the heck are you? Wonderful. Enjoying the weather, enjoying whatever is thrown at me. It's great.

Isn't it? isn't it fantastic? Yeah, you know the funny thing yesterday it was claiming to be 34 and super hot and all because the humidity was rather low It was Very tolerable. It didn't take very much to you know, sit outside. I'd walk around do stuff Yeah, people they look at it and they get freaked out. Man, it's not that bad. It's actually very pleasant. And in two months... I don't want to be outside in this weather at all, to be honest with you. Even if it was super humid, I wouldn't mind. In two months, I'll be dying for this weather to

come back. So it's here for just a brief moment and I thoroughly enjoy it. So that's my thing, Joy. How are things with you? I'm great, man. I had a great day today. Good work day. Had a good workout after work and played some college football 26, which released today, if you pre-ordered, which I did, obviously. Fantastic game. They get so much right about that game. I have high hopes for Madden this year too. But that's basically how I spent my day. To your point about heat, you know what's funny? Kenzie and I always think about whether or not my daughter is going to be warm when we take her out. We usually go for a walk at like 7.30, 7.45-ish in the morning. And this morning it was like blazing hot. She didn't care at all. The babies are so resilient.

You think you're gonna have to give them a fan and shade them up and all this stuff. And we do, she does have shade in the buggy and there is a fan we don't often use, but she just doesn't care. The baby doesn't care. She's just happy to be out there. Hot, I'll be perfectly honest.

27 according to my phone, probably hotter in the sun. I was sitting in the shade working this morning and I, no joke, because it was windy. I was cold. I, I, if I was, if I had a sweater, I would have put it on. Like it just felt chilly. Yeah. I'm, I'm very warm blooded. I had, it's gotta be super hot for me to enjoy it. But this morning it was just, I felt cold. I don't know why. That was up until 1030. 1030 is when it gets like unbearably hot. I mean, I'm speaking for myself here, obviously. I like being hot, but a lot of people I know, like people we work with, for example, oftentimes

we're talking about the heat being unbearable. You and me, I think you're in the same boat. It's cold like eight months out of the year these days. And so I am very, very slow to complain about humidity. Interesting fact, Joey. Yeah, sure. In Toronto, because I'm using that as a guideline, because it's a major area next to us, the amount of days that are over 30 degrees Celsius, which I think is 86 Fahrenheit,

it's gone down since 2019. 2019 every year since then six straight years it's been going down number of days over 86 fahrenheit or 30 celsius so make that what you want yeah yeah i mean people say it's good i can't see i'm not saying anything but i mean you know what I think. You know, I asked and I went to AI. I asked it to chart for me the average daytime high in July for the month. I said for the month of July for Toronto for the last 40 years. You know what, Joey?

Flat. The daytime high for the month flat. It's not a surprise. People talking about these floods in Texas too like tragic obviously especially these poor kids at these camps but a lot of people you know taking this time to I guess dunk on you know Texas Republicans saying this what happens when you take money from a service XYZ and put it toward ICE and you know, people online wishing everyone except Trump supporters well during the flood.

I mean, there's dead kids here. Somebody pointed out that if you look back at the history of sort of, you know, extended extreme rain events in Texas, you basically get something like this every, you know, extended extreme rain events in Texas. You basically get something like this every, you know, every 10 years or so or 12 years or whatever. You're dating back, dating back hundreds of years. You've heard of the Dust Bowl, right? I haven't, no. So right after the Great Depression started in so 1930 1931 in oklahoma

texas kansas Uh colorado parts of just a huge area They suffered a drought and this this drought happens periodically it lasted almost 10 years and truth really the fact that they They farmed all the area they got rid of the natural grass that typically holds in the moisture They just farmed it not thinking that shit goes there's droughts periodically every few years all The fucking shit just sort of blowing up in the air created this huge dust storm that lasted for many many weeks months and In fact some of the dust blew as far as to New England

That's how far it went and so They figured it out. There were some variations that abnormalities in the Pacific and the Atlantic that caused this, these droughts to happen. 100 years ago, shit happens. It's just periodic. It just fucking happens. It's funny, Jason in the chat and boomd us kind of going back and forth here on the temperature readings.

I said to my wife the other day, I don't know how many people realize that the temperature reading for most major cities is at an airport. So you get a lot of concrete. That concrete is obviously very hot, radiates heat, and you get an extremely varied experience, let's say, on something where the heat is hot, where the temperature is warming up a concrete pad. We played football on Saturday up at Burbuff on the mountain. That's a turf field. Couldn't take our shoes off after the game.

Had to go change in the grass shaded and it was more grass than concrete, obviously, right? And, you know, not to get into weather conspiracies here, but the idea that we, you know, around the same time we started taking readings at airports, we started to get run-ups in temperature, like... That has to end. You see, you could add an extra few degrees, but then you stop adding a few degrees because you can't move that to another harder place. Exactly. It doesn't keep moving in that direction. It doesn't scale 50 years and then you'll oh shit it flattened out. What the fuck happened?

Well yeah. So whatever it is what it is. Yeah. Sure. Yeah. Easy DNS best place for you to host your content by domain register domain mark is your friendly neighborhood registrar. Len you know that easyNS has everything you need in terms of security, ease of use,

whether it's EZMail, DomainSure, couple extra bucks for those things. But I mean, who wouldn't wanna pay that given that everywhere you look, people are getting scammed, data is being stolen, we do the Access of EZ Podcast, obviously the latest and greatest in data breach and then overreach and then every week

there's stories to talk about. You wanna protect yourself and most importantly, especially if you're running a business, you want to protect the people who are patronizing your business. And Mark takes care of that for you over at EasyDNS. Not to mention the virtual private server suite of options and services there if you're a bitcoiner. BTCPay server, NOSTER Relay, Bitcoin node, many options and then Len, don't forget you can pay in Bitcoin if you want to part with some of that hard money. Mark will take it. And he was doing Bitcoin balance sheet long before it was cool. No one named Natalie Brunel on his board.

He did not enlist Will Clemente the third to pump his company, did it all himself. You know, surprisingly Joey, those are people I've muted a long time ago. I totally forgot about Will's name. I muted a lot of these people. The kid analysts, man, the kid analysts. So if you want to support Mark, you should. I mean, you know, Mark's a great friend of the show. He's a good Bitcoiner as well and obviously a great partner to the podcast.

So patronize him. CBP Media is the code. 50% off first round of buys. And I mean, he's got a cash back guarantee. I don't know anyone who wants to, you know, money back offer from Mark and easy DNS, but you got that too. Can't beat it. So go over there and take a look and see what he's got. Somebody said that they signed up to his, to easy DNS because the fact that he's based that's their only reason why they

want to see. I think we should have a shirt made for Mark that just says based in Helvetica font across the middle there. Do it. I have to think about it. We should just make those shirts. I don't know that might be a niche. That's kind of a niche market but yeah. We are due to sell some merch. We sold all those miners when Decentral Tech made them. We sold all our t-shirts. I think That's kind of a niche market. early podcast, right? But I do think we should do another run pretty soon. I don't know what we're gonna do, but we're gonna do something. Keep an eye out for that. Maybe in the fall. Some footballs. Sure. Yeah. A couple side balls mudded and prepped. Who's the other sponsor? Well, it's bull Bitcoin. Apparently something will be coming out soon. Francis has been teasing something.

Tomorrow, I think. Tomorrow. Yeah. So I'm Francis has been teasing something tomorrow. I think tomorrow. Yeah. So I'm not exactly sure what it is. I could speculate, but I don't want to case I'm wrong either way. What are you gonna do with it? Bull Bitcoin. You're going to buy your Bitcoin. You're going to sell your Bitcoin.

Those are the things you could do with them on chain. You do lightning. Still, the blocks are not full at all. Like they're so empty. So continue to do your on chain buys. This is the way to do it right now. But it'll be a common point in time that maybe it's not full at all. They're so empty. So continue to do your on chain buys. This is the way to do it right now. But it'll be a common point in time that maybe it's not going to be very cheap and you want to use lightning and well, Bitcoin has you covered.

Not just that. They give you the ability to use Bitcoin as money so you can start paying your bills. You could use your bill service to pay whatever bill you have. That's outstanding. You could eat transfer Bitcoin to somebody's account. That's fucking cool if you ask me. So if you want to pay somebody, you don't have to send them cash. You can send them, well, it would be from bitcoin into cash. That's fucking cool. A lot of good things you could do with with a bull bitcoin and they're not custodial. You do not want an exchange that holds on to your Bitcoin these guys in order to facilitate a buy you got to provide a Bitcoin address could be fake but you have to

provide something in order to have to facilitate the buy so that's what you want these guys are the best in the business and not only that they are in Canada Mexico Costa Rica parts of Europe and maybe more soon. Who knows? Open an account. Our referral code is below. Check it out if you haven't done so. Do it. Open an account.

You see the pictures of Francis is posting of him. Like what did he tweet the other day? I had a laugh about that. Well, it's taken a shit, to be honest with you, Francis. This picture of him, like you can just go work in the middle of the jungle and disrupt the global financial system while you have a hot dog or something like that. And today's tweeting pictures of like his

star link and his hot dog on a grill by a lake. Just so great. Bitcoin enables so many great things and bull Bitcoin obviously doing tons with those opportunities. So yeah, we're happy to have them as a sponsor. Shall we go to the booster? Yeah, three of them not noteworthy. I have the Sats King, 313 Sats and he, she or whatever writes in paper Bitcoin may be the redheaded stepchild for Bitcoiners, but it is a member of the family during the cold harsh winters. It is given the coldest room in the house because it is the outcast of the family. I guess that's good. I like they put that on the short list for t-shirts.

We can maybe work on that. Yeah, that's true, man. They know you may like it or not like it, but some of those companies. Yes, I'm going on with this. Mo BTC Dick 500 sets and he writes in seeing tons of talk about Casper on X makes me sick yeah I haven't seen a lot of talk about Casper I don't know why been a while but I mean it depends right if you click it or tell people they're stupid then it'll obviously feed you more Casper content I've not seen a time but

I am seeing a little bit people in the altcoin space by the way like desperate for a rotation here and they're just they don't seem to be getting it so I don't know what the plan is if you're an altcoin enthusiast but doesn't seem to be doesn't seem to be a winning strategy this cycle at least not so far. Wait it out I guess or I know my personal opinion is if I can sell it. Yeah. Convert it to bitcoin and just go from there Carney 4pm

666 sats, uh, and he writes in elbows opted a great job flipping pancakes at the stampede Did you see the video of him flipping the pancakes yeah, it splattered a little bit Yeah, kind of like he dropped. Yeah, he dropped one. I didn't see it dropping. I saw him just flip it. I don't know how hard it is. Flip those pancakes. Maybe if I ever make some on my Blackstone, I'll report back.

But I'll say this, okay? I give the prime minister credit for going to that event. His predecessor did not go. Yes, he did. The most recent year year last year. I don't think he did. I don't think he went. And so I mean, someone can fact check me on that.

But in my head, I feel like he did not go to if not the entire thing. Yeah, he did. So he didn't go. That was probably a very hostile crowd. That crowd is as hostile now, I think as it was then, if not more so, and he still went. Now his media team did a great job slowing down his entrance and overriding the crowd boos

with some kind of sort of hall orchestra symphony, dramatic music, but I saw the video of the entrance without the added sound. Pretty brutal. That crowd did not want him there and did not like him, but he still went anyway. What a terrible heel. Take the booze, man, and just run with it. Yeah. Kudos to him. Kudos to him. I think it's 29 years ago today that Hulk Hogan turned his back on everybody and joined the NWO So he should have did that if you should have been a good bit of commentary there from you Um, yeah, should we do some housekeeping? We may as well

This friday on the show 1 pm eastern stockwell day is going to come on the program Mr day and we're gonna say the honorable mr day the honorable mr day. That's right And we are going to talk about a lot of things. We're going to talk about his time as Alberta Treasurer, mostly because, well, for a few reasons, but the big one, I think, and actually our friend, Lannick, you know, said this to me as well. Obviously, there's a lot of talk about Alberta separation. And I want to talk about that with Stockwell.

And the reason is because as a treasurer for that province for some time, he's got a little bit of insight into what really goes on in terms of equalization payments and what someone claiming that Alberta can separate and do it sort of in a fiscally responsible way, what are they getting right, what are they getting wrong? And so I want to talk about that. I also want to talk about the Poliev campaign where things went wrong there, among other things. Obviously, he's a guy who's been in politics a long time. He was the Treasury Board Secretariat, or what do you call it? President of the Treasury Board? Is that what that position is? He was that for a while. He was the Alberta Treasurer. Obviously, he was the Minister of Public Safety and Emergency Preparedness. Yes, he's got a, he was the leader Treasurer. Obviously he was the Minister of Public Safety and Emergency Preparedness.

Yes. He's got a, he was the leader of the Canadian Alliance at the time when he was trying to run for Prime Minister in 1997. He's got quite a resume. He's got quite a resume. So he's been in the Conservative Party, the Canadian Alliance, obviously. And I'm looking forward to talking to him. I may actually wear a collared shirt that day, Len. It feels like that's a guess you have to wear a collared shirt for.

I don't know. I thought about it for the mayor of Vancouver too, when Ken Sim came on, but... His worship wasn't worshiping enough. Yeah, I don't know if that one. Plus, I didn't really know what to expect there. And I'll level with you. We wanted Stockwell. We were able to get him through a friend of the show, Rob. Thank you. And he shares a lot of the same concerns, having spoken to him a little bit via text over the last few days. Yeah, that's going to be a really good show next week.

Yeah, just before you go, just remember, Rob does have a few things he'd like to get asked. I have them all. I have them all. So, Rob, there you go. So those questions, they are passed on to the person that's going to be asking them and hopefully get answers to that. So So yeah, I think it'll be fun. And I think having listened to Stockwell on a few different media appearances over the last month or so, while I was building up the courage to send him a text message, because I had that number for,

I don't know, probably a month. And then looking at his tweets and you know other sort of things that he said and done. I think he's and I don't think he's gonna be very guarded honestly. I think he's gonna be open with his opinions and the things that he thinks and the things that he sees and I'm looking forward to talking to him because he's a really sharp guy. He's been a sharp guy for a long time and I think he was right about a lot of things before everyone else was really to admit it or Ready to admit I should say so looking forward to that next week We're gonna talk to the guys and gals maybe from learning Bitcoin

Everyone's favorite new I don't they don't want to call it a conference So I won't call it a conference either but a gathering a meeting of the minds in British, Columbia We had them on last year. I think Daniela came on conference either, but a gathering, a meeting of the minds in British Columbia. We had them on last year. I think Daniela came on. Did someone come on and talk to you too, or just Daniela come and talk to me? I think Matthew Vuk came to talk to you, right? Yes, you did. Yeah. So we did a couple episodes with them.

We're going to do another, at least one this time. We have a code. If you use CBP or CBP media, you can get a ticket to that conference or that meeting of the minds, I should say for cheap, which I've been meaning to tell you guys, but have forgotten. And then after that, we have some other guests coming up that I won't share yet, but I did tweet about it. Heather Exner, Pierrot is coming on and there's one other guest that I have in the hopper that I need to email that you guys will also know that Len doesn't even know about yet, But looking forward to that one as well.

OK, so 20 minutes action. It's not 20 minutes of wasted time. Let's talk about some Bitcoin stories. Where do you want to start? Well, let's do this very interesting story. And remember, I was talking at the beginning of the show about bull Bitcoin and why you don't want to deal with the custodial exchange. And this is a particular reason why is there's this woman, Canadian woman,

and she's suing both Rogers Communication and Match Transact Inc. And that's a mobile store. And the reason being is because back in 2021, there was a SIM swap that was done. And through that SIM swap, 12 Bitcoin was lost. 12 Bitcoin was lost. So she must have had quite a you know she had a lot of trust in an exchange to hold on to Bitcoin at the time and so she alleged that one of those match employees that's the

store the mobile store employees they shared information with a hacker and so Rogers didn't provide much of a barrier match Obviously doesn't give a fuck they just wanted their sale and so in the end it was sims walk since walk took place They were able to get access to whatever exchange in where you go. So BC Supreme Court is involved in this one They're looking at this and they say that this has to go to arbitration and it looks like she's going to get something back. So the Bitcoin at the time was worth around 500k. Now it's worth 1.8 million. That's what's at stake. So going back to the whole reason why you don't want to hold anything on the exchange is this. She got wrecked and she's trying to make herself whole.

And through the process, she has to go through all the legal channels, pay her lawyers and all the stress that's involved, the time waste and all that. If you just simply take that off the exchange or deal with an exchange that doesn't have any custodial whatsoever, just they send it to you direct, then you have your power.

You control the power of your finances. You don't have anybody else. There could be a simswap attack with my phone and my Bitcoin is safe. And I'm pretty sure the same with you, Joey. So I just want to say like out there, please do yourself a favor. If you have anything on an exchange, take it the fuck off. It's hard for me to understand how people are still getting some swaps because even if you like with two FA, you should be using those authenticator apps, not SMS based 2FA, for example.

And so like I sort of sympathize with the woman. I don't know how old she is, but my guess is she's not a spring chicken and probably made this mistake honestly and maybe doesn't have people in her life to help guide her through something like authenticator 2FA or similar, you know similar means to protect yourself. But Len, she's got a good point here in suing the carrier. I want to know how this turns out because there should be some responsibility from the carrier. We're watching... A great example, okay. Rogers today, I guess maybe not today, but in the last few days, laid off about a thousand call center people, domestic call center people.

And someone on Reddit posted in the Roger subreddit and said, you know, I'm going to do this anonymously, but I'll tell you right now that Rogers has been using your call data, your call recordings to train the AI that just replaced you for the last year and a half. And so Rogers, you know, is obviously worsening the experience for clients. I would guess also impacting the security of their client base, like the SIM swapping thing should never happen, but clearly it's still going on. And they don't seem to care. So why shouldn't they be held liable or responsible for something like this?

Wait, what is the rationale there? I think people just don't have the resources, don't have the time, So why shouldn't they be held liable or responsible for something like this? Wait, what is the rationale there? I think people just don't have the resources don't have the time but this lady decided is worth it and I wish her I wish Her well, I wish she had done the right thing initially and just use the proper app But you know can't cry over spilled milk and this is the next best thing in my opinion. I want to see some precedents out here Well, that's a hundred percent. Rogers should be held liable. But what I am taking away from this mostly is I hope people use this as a learning experience. Of course, you obviously don't want to have this happen to yourself or family member or friend. So you could just avoid it by just simply holding onto your your keys. By doing that, then if your keys are lost somehow, of course, your Bitcoin is gone.

But if you do it properly, how can it be stolen? Your Bitcoin keys, if those keys are generated offline, totally like in a room that has no camera, for instance, they kind of fucking anybody guess that it's basically that's that's that. So that's what I'm trying to get away from the story and just pushing people. Please just learn how to use like something like a cold card, for instance. I like a cold card. There's other good ones like that, too.

But I like that as a sign of advice. I generated my keys offline, many keys offline. Yeah, that's that's what I do, man. Totally. And also, you know, one last thing, too, is time lock stuff. If you time lock stuff. If you time lock stuff then you're just even further protecting yourself. Now granted if you can't don't have access to your Bitcoin until that particular time has elapsed but is then it's locked. So that's another thing you could do to

protect yourself. Fucking time lock stuff. It's always better than someone else having access to it right now. Yeah. I want to talk quickly about ShakePay. They used to sponsor our show. And you know what? I'll be frank. I used to use them when they everybody that sponsored our show. I used a product. Yes. I used to shake the card. I still use the card. I you know what? I haven't used that in a long time. You should see the amount of data it harvests from you. Oh, probably. Because of that. Probably. Yeah. So that's, I didn't, anyways, they're in the news, they're doing a lot of launches these days, day one of a series of launches. I don't know what's happening in the next few days, but right now, they just today, they launched USD

accounts and you could earn up to 3% on USD and that 3% is paid in Bitcoin every week and so you could buy and sell USD and deposits in USDC that could be converted into USD so there's a little bit you get a stable coin you got the shit coin USD and so it's something else you could do with their platform I know there are people out there that still use ShakePay you may notice there's a change in their app there's some added functionality and now there's the ability to even put on some USD. They want your money and they'll reward you for that.

Talk to you what you want to do. Do what's best. USDC is on there too, Boomer pointing out. There's a number of different things they're apparently releasing this week. So I'll be keeping an eye on that. As much as I hate to admit it, I have a friend who just started buying Bitcoin and I told him to use bull. He went to ShakePay because he doesn't have a wallet. And so that's a conversation I'll have to have with him next time I see him. But

they're still, I think, a pretty popular app. I haven't looked at the App Store rankings, but my guess is they're in the top three or four in Canada for crypto apps. Probably Coinbase, a few others maybe might be in there but I think they're probably near the top. And why not? Like you said, they're harvesting data and doing some other stuff I don't like. We used to bug them about the Ethereum thing. You can in fact, FYI, bother your sponsors about selling Ethereum. Don't let anyone fool you. If you know, you know. And for all the things that they did wrong, I think they still do a lot of things right for the beginner users.

Now I don't think that beginners should be going there still because the spread is high, bull is more secure. And really, while it's true that ShakePay has tutorials on how to take your coins off exchange and put them into a cold storage wallet. It's obviously not the default setting over there and it should be and I wish that they spent more time on that than they did getting USDC and USD on there. My thinking, Len, honestly, we talked about this years ago

that we thought they were gonna go public and they all but told us they were gonna go public at some point. Now, I don't know how long that process takes and obviously Bitcoin has been a bit of a roller coaster in recent years, but I expect that they're gonna continue to try and build out a financial services platform more than a Bitcoin platform and

the result of that will be significant for the price of the equity when it when it launches but Well, they joined Payments Canada last week. They did. Yeah, they so they're going that direction, right? And so like when I when I see all this stuff, I'm like, okay, so this is like It's it's cash app basically. Like are you going to see stocks on there pretty soon? Are you going to see like loan options? I don't know.

But my guess is that they're going to go a lot further in that direction than they do the direction of teaching self custody, which is fine. It's their prerogative. And I do still like the guys over there, John and Carlo and these guys. Carlos, yeah, I think so. So I'm on a one day shake tree. He's doing policy. I just opened it up. That's on my one day 21 sets. Good for you. But yeah, you know, looking at all that stuff, I think they're, they're going in a direction that I, if you're a Bitcoiner, it's hard to, it's hard to justify spending your time and your money over there when you could be spending it with a place like bull, right? And I'm not just saying that

because they're sponsored the show, but it's obvious, right? And then I see another one that's popular and like, obviously, the under a little bit of fire right now Bitcoin, well, because Pleditor had some stuff on them. They also sell Ethereum. You could just not sell it and be done with it, but they keep selling it and ignoring questions about it and not really talking about it. I think bull Bitcoin is the only place you can go where you get, we joke about it in the sponsor read sometimes, they're extremists and you need to be an extremist in a world where everyone is gunning for your Bitcoin.

It's not about how much USD you can hold or how much USDC you can hold. Both of them are options on ShakePay. It's about how much Bitcoin can you hold? And you're seeing now, you know, a true evolution away from USD in a lot of ways. And these guys decide this is the right time to offer it. I disagree with that view. And I think a lot of Bitcoiners do as well. Now to your friend who's buying

and I guess still holding on ShakePay. It's my, it's actually my wife's cousin, Josh. What's up, Josh? Oh, okay. Josh, get a blue wallet, at least to start off. This will give you an opportunity to take it off, ShakePay. And that way you can start learning how to hold on to your own Bitcoin and your own keys. That's a very good start. D send me a cold card. D is coming to my house for dinner on Saturday, next Saturday. So D bring a cold card with you,

free of charge, obviously. MDK, please, for me. And I'll give it to Josh. Yeah. And if he wants to still buy from ShakeP know, I have no problems with that because he's beginning his Bitcoin journey So the one thing I just you know, hopefully he listens to this advice is this last story is a good indication Why you don't want to take off your pick one from the exchange and like do you think it's gonna get more from again? We weren't you know, we're not breaking any news here for people who listen to this show, you know You know, we're not breaking any news here for people who listen to this show, you know But then you think it's gonna get less frequent that that like call centers are targeted for sim swaps as bitcoins price Go up goes up or you think it's gonna get like it's gonna become more frequent Oh, definitely more frequent and no chance right? So, you know, yeah

You're not gonna get sim swapped and then hide your Bitcoin stolen from bull Bitcoin Yes, there's no Bitcoin that they fucking hold for you And then had your Bitcoin stolen from bull Bitcoin. Yes, there's no Bitcoin that they fucking hold for you Plus who's gonna get like when you call bull Bitcoin Guillaume picks up like Guillaume's not good. He's not He's not gonna get caught by you give me a break All right, let's talk about the chival wallet yeah sure and It was good to know what I suppose because or good riddance, I don't know. I haven't used this because it's something

that's for people who are in El Salvador, for people who aren't familiar with Chival. This is a sad story. You know the music, yeah. Keep talking, I'll turn the volume down. A software wallet, and it was developed by the by the government so that you could transact in your Bitcoin because Bitcoin was legal tender there. It still kind of is in a way, but it's now being kind of pushed to the side. A lot of mixed reviews with Chivo. You've heard a lot of people doing work and

other people didn't work all so well. There was a $30 bonus too for signing up. Remember not, you know, for a feature to many, many bucks ago. Yeah. Yeah. Well, Chivo used lightning and that was the way it transacted and you know, through the pressure of the IMF, Al Salvador is now at the point that Chivo is going to be mothballed and it's going to be done. So at the end of this month of July of 2025. And that's all from the 1.4 billion dollar loan that they secured from the IMF. And they have plans to try to sell it but if not they'll just simply discontinue it and that's it. And with that

1.5, 1.4 billion dollar loan I said it before in a different chat, in a chat is that they jumped the queue. They should have went to Bitcoin treasury strategy and they could have got listed a NASDAQ ES or something like that. And then they could have easily just diluted the fuck out of that company, pay off all the bills that they have, external debt they have. And so that's what happens. Don't play chicken with the IMF. Find some other ways to do business. Are we done with El Salvador as a Bitcoin country now? Are we finished with these guys? Well, how many people, how many, how many simply Bitcoin thumbnails, how many more do we need to see? Okay. Out there, El Salvador, outsmarting the IMF.

Get fucking real. Okay. Get real. It's not like, this is never gonna... You know what? There's gonna be another country that adopts it, right? Who? I'm not saying who, but it's inevitable there's gonna be another country that adopts Bitcoin, right? It's not gonna... The president of that country has to have a picture with his mouth open.

We can slap on a thumbnail there. I feel like, what does that mean with the guy slapping the hood of the car? You know how many surprised faces we can fit in this bad boy? Fucking tons of them. And you know what? Once they do that, they'll be offering a property over there and you can retire there for 0.01 Bitcoin and you'll be sitting on a beach. Wonder if you could tie it. So true. Once this billionaire does a $1 trillion Bitcoin backflip,

you can retire on 0.01 Bitcoin. Kill me. Let's talk about Bitcoin miners and they are fucked. It looks like did and I'll even before I go into this story, just today we had a core scientific they were bought out by acquired. Yeah. Yeah. Nine billion dollars. That's crazy. That's

a lot of capital. That's more than an NBA team is worth. NBA teams are like, I think the Lakers just sold, they didn't sell the whole team obviously, but if you, you know, extrapolate out the bus family shares that were sold, that team is worth 12 billion. Celtics, I think last year or beginning of this off season maybe sold for the equivalent of six and change just around six and six point something, maybe seven. So you know, Core Weave is worth or what was it Core or Core Weave that was picked up? Core Scientific was. Core Scientific, yeah. So Core was picked up for more than the Boston Celtics are worth. So

first the $10 billion, which is going to be valued at $10 billion first in your eyes or LA Lakers Lakers are at 12 Celtics will be Celtics would be a 10 before core is. Yeah. There you go. All right. So that's one, but another one, Argo, and that's another one of its very old publicly traded Bitcoin. One of the older ones out there. We just talk about this all the time when the show first started, the Bitcoin equities, right? Yeah. But it's time to talk about for so many of them. Time to talk about that because they're almost ready to get buried talking about Argo because they're at the point of insolvency.

And it's all thanks to part two. Well, there's the increase in difficulty of mining. And that's been going on since the beginning of bitcoin right these guys are bleeding cash to the point where they may not have any going forward and that's going to cause them obviously a big problem but they do have a lifeline joey what is it you have a lifeline a company by the name of growler mining provided them this is fucking incredible stuff by the way these terms seven point five million dollars in emergency funds and the interest rate is

the the secured overnight financing rate like essentially the central bank with the rate is yeah plus six percent oh it's a minimum a minimum of ten percent plus commitment and exit fees on top of that. So they basically got put over the barrel and just fucking railed. So grail growler expects to receive at least 80% of the enlarged share capital of Argo. That's the total number of shares the company has issued shareholders fucking wrecked through the process. Bondholders are going to get equity through common stock.

And that's about a billion dollars for people that are accounting at home. And Argo will cease to exist on the London Stock Exchange, still be traded on Nasdaq, though, so they give them credit over there. But this is it. You know, this is a company, very old. They were in the Bitcoin mine, but you know what? They weren't able to adapt. And because they didn't have the ability to adapt, when mining gets adopted and has been adopted by companies like Shell, whatever the fuck, they have the ability just to monetize energy that has not been monetized before. Okay.

Also, don't forget. Energy producers too. Don't forget. Don't forget. When we were talking about those companies, first of all, I want to point out to people that mining as an equity play and a reasonable position to have in your stock portfolio basically went downhill as soon as Dean Linden left. What was the name of the company he was there?

He was doing Luxfolio. As soon as Luxfolio gave him the boot, that's when Bitcoin mining companies as shareholder value plays. Sorry to go downhill. Number one. Just want to point that out. Number two, Sorry to go downhill. Number one, just want to point that out. Number two, the thing that people liked about those companies, if I'm not mistaken, was basically they're, you know, those stock prices ripped on two events, right? One was we're adding hashrate or we have a roadmap for hashrate. And two was we're adding Bitcoin to our balance sheet. We had the Bifarm CFO, God, I can't remember his name. He was

such a great guest. No, Ben is the CEO. Lucas, Jeff Lucas was on and he was talking to us about the synthetic HODL strategy they had with options and stuff. Very good. Very, it seems very well rounded, very responsible and BIFARM's, you know, threw ups and downs. It's been sustaining operations. They're kind of operating under the radar in a lot of ways. No one's talking about them like they were three years ago. But clearly a company that's doing things right and not going the way of these press releases every day and extreme, you know, opportunity, AI and this and that, even though they're doing a little bit of that. So you got these kinds of companies and you know Len now if you want exposure to Bitcoin, you just buy a treasury company and you know the replacement for the hash map the roadmap to more hash rate is here's our plan for 42 million Bitcoin, right? Say there's 21 plus 21 presentation from last year, November ish, right? So I was talking about 42 million.

You should get 142. He actually did. He actually expanded. He actually expanded it a few months ago. Yeah, you may really. Yeah, so these guys, the miners operate in a difficult space. I said this on the program then I've said to our friend SB privately and I think also on the show and I'll say it again.

Now, the miners don't make sense as an investment for two for two or three reasons, you know, some of them I've already touched on but I'll try and be specific here. One is that they are an impossibly difficult industry to compete in. Two is that they are always for sellers of Bitcoin. That's the nature of their business. And three is that they understand, the miners understand that Bitcoin mining is not a good business.

And so they know that they're uninvestable as Bitcoin miners. And so they pivot to AI and data, but they're also not good AI or data plays. You can get better AI and data plays too. You know, check the Nvidia versus pick your Bitcoin miner over the last three or four years or or fuck probably other AI adjacent plays as well. They're not investable and I think mining

is going to become very very difficult at the industrial level and like you mentioned there there's going to be giants coming into this thing at some point in the next five years if not sooner and that's what you're going to that's what you're going to have. That's all there is to it. Not to mention that if you're a Bitcoin miner now, you have Meta and Amazon buying nuclear facilities to power data centers. What's Iron doing? Does Iron have a nuclear facility?

Would they even be able to get one if they tried? No, they wouldn't. They're 50X a hash right now. I don't know if they're fucking tapped into the grave or they didn't push through. In 10 years, they're going to be a fucking zero. And so are all the other Bitcoin miners. Because as soon as oil, gas, and nuclear start to really proliferate in terms of their Bitcoin mining outfits, those guys are done. I don't see how they last. Who in their right mind thinks that these companies are going to be able to outcompete power players from 300 years ago that are

still on top of the world today? Like, or 200 years ago, I guess. Like, what is the, what is the likelihood? It's basically zero. Yeah. Yeah. You're looking at stuff now. This is matured. This, uh, this industry is matured to the point where now we're able to look at years of data. Right. So like it's, you're 100% right. It's going to go downhill. It It's gonna continually go downhill and people invest in it they're gonna get wrecked in the process, but I just wanted to use this as a time just to Just have a point a picture of what's going on paint a picture what's going on right now with these Bitcoin Treasury companies They're these zombie companies. These are they produce fucking nothing aside from just raising debt. Yeah, or yeah, and so

Bitcoin miners at one time they were I guess the darting of the Bitcoin you know people like to invest in them but you know years later we see they're not it was just fool's gold so to speak and the same could happen with these Treasury companies a lot of them they look all great right and you might be able to make some money but who knows in a few years once that industry is matured, look back, say, fuck, could it withstand a 50% drop in Bitcoin? Is Bitcoin does go down 50%? Yeah.

Done it quite a bit. Like, can these companies withstand that with all that? Who the hell knows? Well, there's I don't know. I think there's like how deep I want to go on this. There's a there's a reasonable expectation deep do I want to go on this? There's a reasonable expectation that micro strategy will be fine. They're the only ones.

And Semler may also be fine in the medium term because there's no way to get exposure over there in Japan or MetaPlanet, sorry, not to Semler. So you have the jurisdictional arbitrage of MetaPlanet and the debt structuring and the new pref offerings over at MSTR that make this sort of a worthwhile endeavor for those companies. It's these companies that have no, they produce nothing. They're zombie companies. Yes. They're just dead. Shout out by the way to Phil, CoinIcarus did a stream today that I caught

about 15 minutes of talking about exactly this land that these guys are not, they're zombie companies. You're investing in something that wasn't working an hour ago and they announced that they're going to put a bunch of money into Bitcoin and now their stocks up 150%. That's incredible. You be the judge. You be the judge. I can't blame companies that do adopt this strategy because

all the data shows that it fucking works, at least for the short term. If I wanted to pump the valuation of my company, I would do the exact same thing. But it does not say that this is the right thing to do. I'm just saying if I was in the position of being a CEO of a zombie company, I would certainly look at the option of adopting Bitcoin strategy and fucking do the same thing that's being done in these others Does it mean you shouldn't invest in it? Do whatever the fuck you want. I don't give a shit. I don't give a fuck It's your choice. It's your money do what the fuck you want. I'm just trying to say like What's going to happen here with the bitcoin miners? Look what happened over a period of time They were a lot of people liked them now. They don't and so with these zombie companies

They provide nothing Zero, there's no value there whatsoever And the only thing that you're really hedging your bet on is Bitcoin continually goes up in price And if it doesn't go up if it goes down what they have nothing to fall back on more debt More liquidation. I was a dilution. Sorry that that's really their only strategy. That's not a winning strategy. These guys are just having fun. If you think about it, man, you're telling them you're going, instead of taking your money and buying Bitcoin, you're saying, you know what, I'm going to move that money to bank into my brokerage and from that, I'm going to buy equity in

this company. Take a risk. Try to increase the value of that company and they're gonna somehow use that increased value to buy more Bitcoin through dilution or raising of capitals and You're telling them that you're gonna you want them to hold on your Bitcoin. I don't want to fucking shake me holding my Bitcoin I don't want these guys holding on and on top of that. I got it somehow Get my gains five six seven eight figures worth of gains and convert that into Bitcoin later on. Yeah, I Don't think I can it's it might be hard. I mean you say it all the time might be hard the thing I would just note here. I'll play devil's advocate for a second

There are still people I think who You know and and it's I'm not necessarily opposed to this And I'm not necessarily opposed to this. If you want to buy micro strategy in your TFSA because you have room and like, I can't fault you for that. Len and I have a disagreement on whether or not that's a good idea or at what exposure level it's a good idea or a bad idea maybe, but I still think there's a lot of people who use those vehicles and want to get the price appreciation to do things in their lives for the TFSA. I am among them. So I understand that point of view.

Person that we know and I kind of feel sorry for him in a way because he's slightly older than me, I believe. And he mentioned that he has RSPs and he's using those RSPs to buy these companies. And if he takes it out, obviously he's going to take a hit because it's going to be, you know, he's still working on it. He wants to, I would imagine, save this for retirement. So he's kind of painting himself into a corner because of this fiat system he's in. And that's, and I kind of feel sorry for him.

RRSP I would not be using for this. But that's what he's using. He's probably, think about it, if he's what he's using. He's probably think about it if he's a little bit older than me, he probably has invested in that for a number of years. So he has significant amount of capital in there. What else? What is he gonna do with it? Buy gold stocks? Like, right? Like, so he's kind of just, and that's like hate about the system. Like it's, you don't get access to it. It's not yours. You got to beg and even when you beg who the fuck knows where it's gonna end up. It could get wrecked in the end because it just through... look what

happened in Egypt. Look what happened in Lebanon. Overnight their currencies were wrecked. Not the same thing is gonna happen in Canada. It's probably not. I think the likelihood of that happening in Canada is very slim, but I'd rather opt on side on 0% versus very slim because I have one life. If I fuck up, that's it. I don't want to work when I'm 70. I want to have fun when I'm 70. And so at least for me, and I know my situation is different than everybody else's because I have very little RSPs and my TFSA is near zero now. But that works for me. It doesn't work for everybody. Just you know what? Do what you guys

got to do. To be honest, I don't give a fuck. I just like I said somewhere else, I hope you have access to your capital when it comes time to get access to your capital and you're able to use that in a way you want to use it because the way things are trending, I can't guarantee that in 10 years. Maybe probably five, but 10, 15. I don't know. Yeah, I don't know. I'm not sure.

You know, you want to buy a car and you can't even get cars. RRSPs are tough. Yeah, it's tough to sell me on putting money in Bitcoin, treasury companies and other stuff and your RRSP. Like you're better off just buying Bitcoin I think. I see in the chat like a question I see all the time that you know these guys are gonna be able to just pick up companies on the cheap down the road with all the Bitcoin they have. You know I'm not sure that's the case. You know what companies, presumably if

you're buying MicroStrategy or other companies with that in mind, the question I would have for you is why don't you just buy the cash flowing companies now? And if you think that the cash flowing companies are gonna be picked up on the cheap by the Bitcoin treasury companies, then what makes you think the Bitcoin treasury companies

are gonna be able to turn those companies that were cash flowing into something that makes sense, you know, like is investables. It's hard. It's kind of hard to do that math. Why do you think somebody buy it doesn't add up to me? Why does somebody buy XRP Ethereum? Yeah, they think it's going to go up. Yeah, sure. Right. Yeah.

And that it's it's they are rolling the dice and hoping whatever they put in, they'll be able to get a multiple of that out. Yeah. That's what their intention is. And you know what that is by definition, shitcoining. Right. That's it. Yeah. Yeah. That's a fair point. You have, you have no access to your capital. It's somebody else. It has to control it for you. You can't verify anything. They get, it's by every check. It's check, check, check. It's a shit going. and you know what if people want to do like I say, I don't give a fuck I honestly don't care and if companies want to buy Bitcoin, I don't give a fuck either

It does not bother me one bit actually encourage companies to buy Bitcoin what I prefer though If I had it an option though It would be companies that have cash on hand like just excess excess amount. And they put, you know, 1% of their cash. Treasury. Yeah, treasury. Something like that. At least they're not wrecking anybody. They're not diluting or they're not going into debt.

They're just using what they've accumulated over the years and just buying some Bitcoin. I would love to see that. That seems to be a more prudent model. It's boring and it may not lead to fantastic riches, but it won't lead to ruins at the same time. Yeah, that's good. It's good money management. I'll just address Jason's comment in the chat,

the S&P and let it ride for registered. I don't think there's anything wrong with buying this stuff in your TFSA as long as you have a short time horizon, but I would not, this is not financial advice, I would not be putting any money in my RSP if I was you guys. That's money that would go into Bitcoin for me. So that's my strategy.

I don't put anything in my registered account. Now, I have a pension. So who knows what that'll be worth in 20, 30 years. But I still think the idea that you're going to sit in fiat when there's clearly a pathway to zero or at least an accelerated rate of debasement over the next, even the five years, right? I mean, we're going to talk about the big beautiful bill in the back half of the show, but that's going to add something like 10 trillion total debt over 10 or sorry, three and a half or four trillion over 10 years to five trillion more on the debt ceiling.

And that's without really knowing what the Federal Reserve is going to do. If money gets easier in September or October, then that number is going to go up. And by the way, Powell is out in 26. And so you're going to start seeing markets price that in as well. Things are going to get hairy for people who are in cash in the next little while. Now it's funny to talk to Bitcoiners about this because Bitcoiners who are my age, Len's age, a little younger than me, let's say, are all seeing this now for the first time. Like, man, I can't be in cash because even a year went by and I can't buy the same

amount of steaks, I can't buy the same amount of tuxedos. Can't buy the same amount of gold bars, right? Things that are historical sort of measures of value. Other people, wealthy people have known that for a long time. And there's more and more people that the pinch is coming down the ladder so quickly that people, you know, who have like, let's say a six figure sum of Bitcoin, you know, are realizing now that they can't sit in cash. They have to keep enough cash to keep the lights on and the heat on, and that's about it. And I think a lot of people are coming to that realization. And

that's going to drive the price up too. The idea that the price is not going to outperform fiat or the S&P, I think is like, you're really, that's not a bet I would take. Yeah. In the long run. Yeah. And don't forget like, like, yeah, like nominally. Okay. Like yeah. Is the S&P going to go to 8,000 maybe, but like, what is that? Like at 8,000 S&P, what is the, what is the dollar worth? Like the denominator, what is it worth at that point? How many Ford 150s could I buy, for example? Who knows, right?

Who knows? So is it going to cost 120 grand to get that? Someone was telling me at a party, I was at a birthday party for a one-year-old yesterday. Times are changing for me, obviously. And someone was telling me that a base level F150 is about $80,000. Yeah. That's crazy.

I had no idea it was that much. I like to use something like that. And it's not a true comparison, but because you know, now you're putting more computers, more... But there's still value in knowing that price. You're right. Yeah. Exactly.

But that's a good indication how poorly the dollar has retained its value. In the past, you probably could have got one for 30,000. I mean, we're talking many, many years ago, but now you're to 80 grand. Like, what the fuck is that? So don't look at other things. Don't look at comparison to US dollar. Look at actual things that are made. Shit like that. Price of homes, for instance. Yeah. But even that, so the problem with the homes, though, it could easily adjust the price. And if you bring in more people, you're increasing the demand for the prices are going to go up for cars for like an F-150. They're going to build as many as they have to.

Right. And so the price is not going to be adjusting based on more people coming to Canada. Yeah. It is what it is. Anyway, anyway, I say we end this. Fuck. We had some more to talk about. But like, do you want to do one more quick one? and more people coming to Canada. We had some more to talk about. It will go for too long.

I get notifications on my watch when someone subscribes. It's on Rumble. Itble has been vibrating which is funny. I didn't realize that happened. So Yeah, if you're with us now stay with us and if you're on audio then come back tomorrow for the back half the Notable stories as we call them till then take care yourself and don't leave your Bitcoin on the exchange