The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Bitcoin Is “Breaking” — Here’s What The Market Isn’t Telling You | The CBP 250 Pt 1

Episode Date: February 3, 2026

🚨 LIVE: Markets are breaking — and Bitcoin is back in the crosshairs.As global markets show signs of stress, central banks tighten their grip, and political pressure builds across North America, a familiar narrative is resurfacing: Bitcoin is going to zero.But beneath the headlines and the panic, something deeper is unfolding.Power is shifting. Institutions are repositioning. Trust is being tested.From market volatility and monetary pressure to accelerating regulation, digital control, and geopolitical tension — the system is reacting, and Bitcoin remains at the center of every conversation that matters.Today’s live discussion cuts through the noise to explore what’s actually breaking, who’s losing control, and why these moments keep repeating.Money is changing.Power is shifting.Bitcoin is in the middle of it.📡 Live discussion.This conversation connects money, power, technology, and the future of individual freedom in a rapidly reorganizing global economy.Please Like, Share, and Subscribe to the channel!SponsorseasyDNShttps://easydns.comAnycast DNS, domain registration, web & email services — fast, reliable, privacy-focused.Pay with Bitcoin.Use coupon code CBPMEDIA for 50% off your first purchase.Bull Bitcoinhttps://mission.bullbitcoin.com/cbpThe CBP recommends Bull Bitcoin for buying Bitcoin simply and securely.Use the link above for 25% off fees for life.256Heathttps://256heat.com/Heat your home, garage, or office while earning more Bitcoin than it costs to run.Book a call with a hashrate heating consultant today.Listen to The Canadian Bitcoiners PodcastApple Podcastshttps://podcasts.apple.com/ca/podcast...Spotifyhttps://open.spotify.com/show/6WzoIyT...Fountainhttps://fountain.fm/show/VaB9E0KrXGqg...RSShttps://anchor.fm/s/538d43f4/podcast/rssSocialhttps://x.com/CanadianBTCPodhttps://x.com/JoeyTweeetshttps://x.com/TheBTCPriceBotDiscord  / discord  ⚠️ DisclaimerEverything in this episode reflects personal opinions only and should not be considered financial advice.

Friends and enemies, welcome back to the CBP Canadian Bitcoiners podcast. We got no money in the bank. Bitcoin way down, 50% almost off the highs. We'll talk about that. New Fed chair coming in, lots of Canadian news, clown world news. I mean, come on. It's a packed week. As always, we're glad you guys are here.

And we're going to have a blast. So we'll see you in a minute here after the intro. And so, you know, the government can say whatever they want about this thing not competing. It's for black market only. It's for this for that. But they're really treating it like a threat. 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.

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 hit other stuff as well. Friends and enemies. Welcome back. Canadian Bitcoiners podcast.

Friends and enemies, welcome to the CBP. Want to be better informed listed to Levin Joe E. Spots is taking care off right off the top. Oh, Bitcoin and Easy DNS, the media is feeding a slop. What the heck's going on over there, buddy? What a day, what a week, what a weekend. Absolutely nuked on price, nuked on weather.

And I did see today that I think we're like 90 days away from having another two hours of sunlight or something like that, front and back of the day, beginning and end of the day, which is not bad. Anyway, what's going on? Good to see it. I see great minds thinking you like tonight, by the way, on the tags. Neither of us are on any lists.

Thank God. Fuck, I didn't even think about any. like you because I know if I could clear my name. Did you have some people leaving on a list? So many people haven't added to that list. And people that I wasn't expecting, they just showed up. I don't know if it's just after the fact they Photoshop things in.

I was expecting to see just a bunch of black pages printed out. Here's your lists. Here's the new Epstein files. But they shocked me. They missed a lot. And Joey, you know what? 90 days. It's going to be nice.

But some people get married in 90 days. So. 90, Fiance. Awesome. Are you watching that at your house? Does that come on TV once in a while? No. No, I could say that I have watched exactly zero seconds of that show.

Okay, got it. I haven't invested. Is that any good? I have not watched it in a long time, but I have seen it in the past. It's excellent. I mean, it's, you know, I hate to say it. I get myself in trouble in this show all the time. It is more often than not desperate first world women trying to get with third world guys

who are far more attracted than they are. And of course, the sweetener and the whole thing is completely good. So I never knew the premise of the show. It's basically that. Yeah, it's basically that. Most likely a Western lady. Yeah. Occasionally it is a Western man, but the thing that ties it together on both sides, both genders, is the third worlder.

Again, rude term, but whatever. The third worlder is always too attractive for the first world, you know. Everyone's seen that guy Big Ed, the guy with like the neck that goes right into his fucking stomach. basically. Hang on. I want to see a big. Big Ed, yeah. Yeah.

We'll pull it. We'll pull them up here. Yeah, there are. Yeah. Yeah. Everyone's seen this guy. This guy is a product of that program. So make it this what you will.

I mean, this is not related to Bitcoin at all. But that's big Ed there. I mean, the guy turned into a meme, basically. He's got some kind of genetic defect or he was, like, injured somehow. So that's how he looks. And then there's his wife there. And, you know, he's telling her. She's like, the one time they're at like some romantic resort or

something and he's like, I really like the view. Or she says, I really like to view. And he goes, you're my best view. And she goes, ew. It's just great. So great. Big Ed. Apparently he got paid, according to this thing, a thousand to 1500 per episode.

I believe it. Yeah. I mean, the guy's probably getting speaking gigs now, too. Like how not to handle yourself on reality TV. Anyway, we'll talk about other stuff tonight, not Big Ed. If you want to talk about Big Ed. Four foot 11. Yeah, he's a small guy.

Yeah, a little potato. that guy. Again, I don't want to get any trouble. Anyway, it's sponsors for this show and every show. Easy DNS. Best place for you to host your content. Buy website, portal website. Mark is your friendly neighborhood registrar. Mark and I just had our way-sized strategic planning meeting yesterday, which I attended remotely because I am still blowing my nose every 30 seconds here. I was saying to Len, I have some kind of sinus infection lingering from the cold I had for the last two weeks. Unbelievable stretch of illness here in my household. But anyway, Mark is friend of the show, friend of the podcast, friend of

ours could be a friend of yours too if you're looking for some of his services. Don't forget, once you have a website up, you have a business running or something. Do you want to use a virtual private server for anything? Maybe BTC pay server, maybe a Noster relay, Bitcoin node. If you do, great. If you don't, that's okay too. If you want to protect your client list, protect your mailing list. Mark's got you. Easymail. Domain sure, taking care of that stuff for you. And then, of course, then you can play in Bitcoin if you want, Mark, the original Bitcoin Treasury Company, not Michael Saylor. And I hesitate to say, because I'm always trashing sailor on the show. But Mark also addresses better than Michael Saylor, which is a benefit

to you and a benefit to your business. So, EZNS.com, go over, use our promo code, CBP Media, get 50% off your first round of buys and start something, man. It's a bare market. What are they for, lend? They're for building. Who else is sponsoring this program? Well, Bitcoin. And that's if you're going to be building your Bitcoin stack. Maybe you want to lessen that stack. They'll be there to buy your Bitcoin and make sure you get Canadian dollars added to your account. But they're non-custodial exchange. This is what you want to deal with if you're trying. trying to buy Bitcoin. You don't want to deal with anybody holding onto your Bitcoin. So in order

to facilitate a buy with Bull Bitcoin, you've got to provide a Bitcoin address. It's not through yours. It could be someone else's or maybe even fake, but it has to be a Bitcoin address. That's the way they operate. You can buy through Lightning. You can buy through on-chain fees are slightly going up a little bit now. Not enough to be alarming yet, but maybe in the future it could be either way. Still, I would suggest to your on-chain buys through Bull Bitcoin. You could pay bills over there. You could send money. You could send your friends. It's CAD through, of course, the way did you do this, you send Bitcoin to bull Bitcoin, and then CAD ends up, it's e-transfer to your buddy's accounts.

You do limit orders. You can do all kinds of things. Doncosur available now in Colombia. Was it the latest? I think so. Yeah. You're expanding through the world. One United States, that's the question people are always asking.

If you haven't yet done so, if you haven't opened an account, what the fuck are you waiting for? Use our code below to sign up. And if you do that, buys and sells forever are going to be cheaper to bowl Bitcoin. Check them out. They are the best in the game. We love it. We love it. Okay.

So let's do a little housekeeping here. Are we doing Arnome on Wednesday? Is he coming on? Yeah. In fact, he's got a different handle now. Still R. Noam. Oh, geez.

We'll call him Arnome, but yeah, he's changed it. I'll find it. Looking forward for that. Mr. R. Fay. Mr. R-F-A-Y-E. F-A-E. He's a fairy name. Now, wasn't he was a gnome.

Now he's a fairy. This is what you telling me? I'm telling you nothing if I'm a name. Can someone confirm that? Someone in that realm. Let me know about that. If I'm right or wrong. Anyway, so that's on Wednesday.

Wednesday around 7-ish. Yeah. What do you guys, what are you guys talking about? Canada. Politicians should be using Canadian treasury to buy Bitcoin and create a Bitcoin reserve. Wow. So that's the topic of de jure. Okay.

Wednesday. Looking forward to that. This Thursday, I'll be traveling out to Vancouver. I am about, let's see, if I pull up my slides here, how many slides have I done? I have done 34 slides. I have a 35 minute presentation to do on Friday for the World Outlook Financial Conference on Bitcoin. I have titled the slide deck land, Bitcoin Asset for the Future. I am talking about four things. Demographics. mining, governments, and finally, institutional and slow money adoption. And then I'm also going to do a little blurb on why Bitcoin is superior to gold as a store of value and medium of exchange. So I'm looking forward to that. In that crowd, that's going to be a hostile crowd for Bitcoin. Tap into that Bitcoin versus gold because we'll be talking about that, I think, today.

Yeah, looking forward to that. The 12th of February, I'm going to be talking to Duneberg, but that is not going to be released live. It'll be released some other time once I do some production on that and get our in-house production staff to help with that process. And then the second interview we have scheduled for the middle of February is with Scott Horton. So I'll be talking to Scott Horton about the cost of empire. Obviously, the U.S. and Ukraine. He wrote the book Provoked on the Russia-Ukraine War, among other things, we'll be talking about that.

And I'm sure he's got some good takes on Canada. I'm looking forward to speaking with him. him and I have traded DMs a few times over the years. And it's about time that we record something. So I'm looking forward to that. Do you want to do some boosts? Yeah, we have three of them in total this week that are noteworthy. And even one is kind of strange because Jamie 200 sats, no message.

Jamie, if you're going to submit a boost, you're getting some airtime here. Every week this morning, by the way. Every week. Yeah, well, you're getting some air time. So you might as well submit a message, even just a hello or something. So I appreciate the 200 stats that you submit. but you've wasted opportunity without somebody a message come on man do it next time even a funny thanks for the stats anyway thanks for the sad i really appreciate the support and mo btc dick 500 stats

he says stoked on interviews lads just bought my brother a cold card cue for his birthday crazy to think last year he was non-stop making fun of me for being 100% bitcoin so it sounds like his brother is i'm not sure if he's 100% bitcoin but he's at least dipping his toe is getting a cold card to Q and securing his Bitcoin like that in a secure and safe manner. Good stuff. Trust is eroding, man. Trust is eroding for sure. People starting to notice more and more that the man behind the curtain, not all he

seems to be, right? So I'm happy to hear that. That's great. And Hammertown OG 2,500 stats says every Bitcoiner should be honored to be labeled by financial institutions as being too risky to invest in. Using banks is a real risk. They're the ones who can cut. you off if you're viewed as, quote, damaging societal harmony with your words, end quote.

Keep disrupting society's financial harmony and we'll keep supporting the CBP. Keep up the great work, guys. Shout to you, man. He's local to you, eh? Like, he's a hammered out of G. Allegedly, I mean, I don't know. Is he older than me too? He might be the OG on this podcast in the community. We have to find out. In the summertime, CBP meetup, Dundas. Maybe we'll go to the Collins for a few points. It might be worth our time. It's a nice patio there. Nice,

nice little spot. I have nothing to say about that because I've never been there, Joey. Don't leave the basement, as you know. And I may never leave the basement. So, yes, there we go. That's it for the boost. Perfect. Let's hit it here.

Where do you want to start? Do you want to talk right away about the price drop of Bitcoin? Where do you come down on this? What do you think? Look at there's something going around with the world, right? Economically, there's something wrong. And we can talk about that more in depth. But Bitcoin is just collateral damage here.

I don't know why people are. are selling and at the same time gold and silver was going up, it seemed to me kind of strange because you'd expect Bitcoin to be a hedge against the stuff. But I guess they believe it's more of a risky asset than gold and silver. History is behind gold and silver, not so much Bitcoin. That's fair. But you know what? You're going to get wrecked in the long run because what could you do with your Bitcoin?

Well, you can secure that much better than you can with gold. Again, we'll talk about that more later on. I'm not sure exactly what the floor is going to be. hear a lot about the 56K 58 this 56 or 56 or 57 is like the 200 week average something like that so with a gang through 58 k gang 58 yeah you hear about them they're they're fucking they're getting ready they're starting to vibrate over there i don't know if we got there maybe we get there i don't give a shit to be honest the the price drop the price change of bitcoin has unfazed me i i don't particularly care if it's gone up or down is i'm just going tomorrow i'm going to have the

same strategy and the day after that, I'm going to have the same strategy. It really, it impacts my life in about five to 10 years. Until then, for me, I know everybody's different. It doesn't change my life one iota, depending on what's going on to price of Bitcoin. No less into it than I'm going to be than it was a week ago, even though the price was higher. And I'll probably be more into it tomorrow than I am today. And always eternally bullish, never have enough Bitcoin. The thing is the only asset you have to save yourself in the future. That's just my opinion. Do whatever the fuck you want, but I know I'm going to buy more Bitcoin.

I think you're probably right about that. The interesting thing, there's a couple of different moving parts on the Bitcoin price. The big one, though, is the inflation data, I think. Like, I don't know if you follow trueflation or not. Trueflation way down, crashing into the negative for some of the categories. That is price deflation. on food, shelter, and something else in the United States. Yeah. Oh.

So this is an interesting data point. Truflation is hit and miss. You know, week to week you're talking about seeing things like, you know, cell phone bills and health care and there's a lot of adjustments and stuff that go into truflation. It's not the same measurement, obviously, as the, you know, capital C, CPI. But it's a pretty good benchmark. Trutflation was early on COVID, early on the COVID retreat, and now seems to be pointing for, seems to be pointing us toward more price declines in certain goods.

Interesting stuff. Other notable things, obviously geopolitical risk everywhere. Not to mention, there's a government shutdown looming in the state. So I have that right. I think that I do, right? They're talking about shutting down the government. Minnesota is obviously a huge part of this. And, you know, Boomer noting in the chat that there's a weekend deleverging.

There was also a yen bounce as well. So could have led to some rebalancing. And then, you know, the other thing, too, that is not in my notes, but bare people, the kind of boring numbers jargon. Are we not due for something like this? Or don't we do for a drawdown? You know, we kind of rode. we kind of rode up to 125 in a pretty

quick manner, I would say. I'd have to go back and look at a chart, but I would guess there's some price gaps to fill along the way from a technical side. And Len, I hate to say this too, but when gold drops off that hard and silver drops off that hard, you can expect Bitcoin to go with it.

Bitcoin is right now living in this weird zone where we're correlated to the downside with basically everything, but we're not correlated to the upside anywhere, which is tough. It's a tough look for us. I don't know how to remedy that. I thought about kind of doing my presentation for the conference.

What am I going to talk about here? Am I really going to talk about like Bitcoin has outperformed every asset since 2015. Bitcoin is the best liquidity indicator. Bitcoin is the last fire alarm. The Bitcoin is the thing that's going to work when the big print happens. That this year has not been true. It has not been true. And it wasn't true.

you know, basically since the last all-time high. Balance sheet expansions happen. We're going to talk tonight about a new Fed chair that's seemingly pro-Bitcoins, certainly will be a Trump dove. You know, we're in a weird spot. We're in a weird spot. I think this is way more animal spirits than anything else. And I think that the whole market's like that now.

You know, it's vibes. I see people who are reputable accounts on Twitter talking about the body language of Nvidia CEO, Jensen Wong outside of like a bar somewhere and deciding whether or not they have a deal with open AI that's going to make sense. This is a vibes based economy and you really are at the mercy of animal spirits

if that's the case. Because the fundamentals of Bitcoin haven't changed. Great liquidity asset. Fix supply. Hash rate keeps going up. You can't really fight with any of these data points. The only thing that gets worse is the vibe. And certain people note that on Twitter, right?

This is worse than the FTX class. Worse than the COVID fall of crash. I don't think that's true. But there are people who are talking about that, which tells you that vibes are important to us, maybe more than they are to the stock market. So all that to say, don't worry about it. Don't worry about it. Went to what? 15K? There's a mess.

That was a, you know, but that was about a 50% collapse, right? That was a series of collapses. It wasn't just. Luna, FTX. Yeah, yeah. Yeah, you had a multitude of things going on at the time that drove down the price to 15K. And who knows, we may get close to that in the near future. or in a distant future, who the fuck knows?

It's the thing about Bitcoin that if you truly believe the existing financial system is fucked, then what alternative do you have? Yeah. And if you think that having access to Bitcoin that nobody could take it away from you, if you believe that peer-to-peer exchanging of Bitcoin is something you want to have, and nobody you could do it across borders and you don't have to ask anybody for permission, the price really it's a lot of it

but let's be honest it will eventually pick up as people shit money flows to good money over time and right now for some reason

it's not whatever let them wait everybody will buy Bitcoin at the price they deserve and some people are just sitting on the sideline

and a lot of you when things go up and they're like wow you bought it at 78K K that's a steal I know. People buy it right now if it's 78K.

People who listen to this show, by the way, are smart. Like, if I look at the Bull Bitcoin like referral trickle, it's way up over the last like two or three weeks. People that listen to this show are taking big time advantage. And I think you're right. People will say, man, I bought it 78 during that dip. That was great.

That ended up being huge. Yeah, like 78K. The last time we were at this area was around April of last year, according to my Google chart. Yeah, 2025 yet. So if you were in April 2025 and you bought and then after you were like, you know, it went to 90, 100 and you're like, man, I wish I bought more at 78. We're there right now. Right.

Like you could do the exact same thing. Could very well go lower. But right, you're not looking at tomorrow. You're looking at next month, next year, next decade, maybe even longer. Totally. Bitcoin is about a much more long term horizon. It's not about short term gains. That's sure you're playing the market and trying to trade this shit.

If you are all the more power to you, you're going to get fucking wrecked. And I'll stop my Bitcoin. That's why the broader market is. Yeah, the broader market's suffering too. It's not just us. Everything was off the last few days of trading, including today. I think the only thing that really was up on my list was some of my base metals, ETFs. So, you know, I'm not too worried about it.

The other noteworthy thing, Len, I mean, we got to talk about Mike, right? Mike is about even now on his Bitcoin buys. And? When it was a Are the sailor Are the people celebrating sailor Done celebrating him yet? When are they going to be done?

Never. I'm assuming a few things happen. I'm assuming his Bitcoin is never lost. When I say his, Michael Strategy's Bitcoin has never lost for whatever reason. And I'm assuming he's going to remain in charge. Because as soon as he's gone,

I'm not sure what micro strategies approach with Bitcoin will be. it could, you know, it could drastically change. But as long as he's there and they have access to the Bitcoin indirectly, I don't think it really matters. When Bitcoin went down to 15,000, they were still, they were still buying. They're buying for sure. But like, you know, the whole point, you remember the celebration that, I mean,

it wasn't just sailors, a lot of people in the space talking about the Bitcoin fair accounting rules, right? The fair accounting rules were supposed to represent this huge shift in how, in how much market analysts recognized Bitcoin balance sheet dubs, basically. Bitcoin balance sheet wins. And now that Bitcoin balance sheet win is really a loss, right? He's going to have to declare an operating loss because of that balance sheet, because of the change of the rules and how that accounting is done.

So he's going to have to recognize that loss is next quarterly. And since 2020 now, he's in the red. So it's interesting, man. I think there, like I said, this is a vibe. lives thing. The one thing you can count on, the one thing you can count on in Bitcoin is two sides of the same coin. The true blue bitcoins will keep buying. And you can see this in some of the on-chain data. I was looking at Glass Node today. Mark has a Glass Node Pro account. And I was looking at the Glass Node pro stuff. It is whales buying retail selling. So conviction

has not changed for big players, including, by the way, these institutions that are accumulating through ETS and other means. Okay, that's one thing. And the other side of that coin lend is when we're near the bottom, you start to see people talking about, oh, Sailor's going to have to sell soon. He's going to be liquidating soon. It's going to be a nightmare. Schiff is dancing on the graves of every Bitcoiner, every Bitcoin treasury company, every good bottom ticks. Good bottom signals there.

We'll see where this ends up. But 50K, you ready, 50K? Are you holding the stack? Are you holding some dry for a lower price? What are you doing? No. I have nothing left to go in. at a particular point.

I just buy when I buy. Whatever the price is, I'll be happy to do it. It's not quite a DCA, but it's close to it. So yeah, whatever. Whatever the price goes, I'm happy. Even if it goes up 50K. You me both, man. Yep, you me both.

It goes down 50K. I'm still happy. It doesn't change. The amount of sats I have, that's really the number that I really look at. The amount of stats I have. It doesn't change. The value of it certainly will change. And you may think, oh, you're a fucking stupid idiot

because now you could trade that for less in the real world. But like I say, I have a long-term plan with this. And I'm kind of concerned to disrespect. It may not be for me. It may just be for the next generation. And they'll be able to really reap the rewards of my decisions today. And I think I'm going to be fine without Bitcoin using that as to fund my lifestyle. And the next generation, I think, will be able to really enjoy things. So that's, I think that's what my plan. So that's why I don't only care about the price too much right now. Keep buying.

That's all I suggest. You give the next story? I'm going to put my... No, I just want to say Michael Saylor. I don't think they're going to sell at all. There's no point for them to even consider selling. I don't even think there's a discussion of them selling. He'll just always keep on debt.

Yeah, his next big day is coming in December, right? I think that's when some of his debt matures. So maybe they think about it then or they start to look toward that date, but I don't know. They have a lot of different options. on the table. They could pull a bunch of levers, generate some new debt, monetize that, no, I'm sorry, amortized that over a long period of time and they'll be able to be okay. It's just a beautiful thing of being a publicly created company that is on the NASDAQ, and they have the ability to get stuff at a much cheaper rate than you and I can, and they could

get debt. He's also talking about buying on spot markets now. Did you see that last week? Versus OTC? Yes. Is he trying to move the price? price. I don't know. I see the stuff this guy does and I, you know, I have my own. I'd love to see him sign a message with the corn that he has just as a proof that he has that.

Listen, I would, I would love to, I would love to be in the arena, just be in the ring one on one with one of these MSTR C-suite guys and not to spoil anything, but I think I might get a crack at one in the not too distant future. Ah. Yeah. Is Dennis Porter helping you? No, Dennis Porter is walked up. He's locked up in my electrical panel closet over here. I'll just talk to the camera. Dennis, no, get back in, Dennis.

What's happened to that guy, by the way? I don't know. I like that sport. I hope he's okay. I hope he's okay. He's just enjoying his time off. I don't know. I don't particularly like what he's done on X.

I blocked him, muted him a long time ago, but as an individual, I've said this before. And there's, you know, my mute list is just fucking continually grows. I just keep adding that a fucking thing. It's a beautiful list, by the way, talking like Trump. But, yeah, Porter, I hope you're cool, man. I hope that nothing's wrong with you.

But maybe he's at the Bitcoin Institute that was just open in Washington, D.C., right? Maybe he was over there. Saw this thing, this nonpartisan think tank that was based, that was founded back in 2021. And they want to make it easier to bridge the gap between politicians getting involved in Bitcoin and understanding Bitcoin as sort of a lobbying system. And it's co-founded by a couple of dudes, David Zell and Grant McCarty. You know, McCarty has got some connections with. the Bitcoin magazine over there. So maybe he's going to do some

ordinals that he's going to start selling at this place. Tuan sent us a referral fee today for 256 heat and warned us that it was going to come slowly because the guys were minting ordinals. Len had a laugh at that. What did you say? I got a few more rare sats to go and then I'll be done.

Yeah, I'm almost finished that. I want to make them fucking rare. Like that sat can be. By the way, For this Bitcoin Policy Institute, they have investments from, let's see, the OpenSATS initiative, community foundation of Texas, Fidelity Investments, Charitable Gift Fund. So they got some traditional and non-traditional donations that are helping them out. They also have a congressional fellowship program. Like I mentioned, it's going to be helping lawmakers understand the technical aspects of the decentralized network.

It's about time. I think that lobbying, Bitcoin gets lobbying. But I think this is just, you know, it seemed like an interesting story. As they get into it, it's a, it's just, it's just more of a nothing burger to me. Hopefully you see it different than I want to,

you know, there may be something I'm missing here. But I just think, whatever. It's just like, Lummis was there to cut the ribbon. Like, what do you do? Yeah, look,

Lummus is, I think, not quite as pure in cloth as everyone think she is. but that aside. You know, the reason I like stuff like this is because you do at some point have to put bodies in seats in elected governments to push positions forward. It's not enough to have like Pierre Oshar do the CO2 video. Great content. Not enough. It's not enough to have David Bailey get Trump at the Bitcoin conference. Great for Bitcoin, I think.

Great for him personally, probably, but not enough. It's not enough for you and I. get on here every week or Marty and Matt or Ben and Nate over at BTC sessions or, you know, even I'll even say Nico and Opti at Simply Bitcoin. It's not enough. You need people in seats who understand the machinery of government pushing policy. And BPI is meant to help equip those people with elevator pitches, research papers, position papers, white papers. Here's why we want to do this. Here's what we think the benefits will be. And here's a lot. why we think you should support it, why it's good for your constituents, why they'll appreciate

you doing this, blah, blah, blah. This is a different language than Bitcoin or speak. There's the Andreas Antoinopoulos Bitcoin language that you're going to be the only person in your circle that understands Bitcoin. It's the money of the future and you're going to be an early investor. Great. That's good. Then there's the Len and Joey.

Like, okay, we're telling you about this Canadian story, this American story. Here's the Canadian angle. Here's why it's important to Bitcoin. Here's some stuff about, you know, a story we covered last week. make sense and you can take this with you to a house a house party dinner party that's always been something i think we do well we give people things they can talk about with their friends that are accessible and you know might get you um you know i'll get you a foot in the door for a conversation but then there's this third this third tongue that you need and it's this one it's the policy tongue

policy walks there are different breed entirely and these guys understand stuff like funding angles They understand stuff like, what's another good example? They understand stuff like relationships between elected officials that could lean on each other, that could borrow from each other, that could do favors for each other, all these different things. And when you have something like this, you have the third piece of that three piece pie, in my opinion, right? This is the Hydra. You have the podcast side, you have the technical side, and then now you have the policy side. And I think what this does, even if you disagree with all that, what it does is add another touch point from Bitcoiners who we think are competent, focused, and not in it for personal gain, which is huge. These are important things.

And in a world where everyone is in it for personal gain, in a world where everyone is in it to feather their own nest, this is an important angle to be able to take. And it's one that they're taking. So I'm very happy to see this. I hope it turns out well for us and for America. I'll also note that Canada has nothing like this. So there's no one pushing on Canadian politicians like this. You have Carlo at Shake Pay and those guys with a policy wing. You have some other fragmented policy attempts like the Bitcoin Coalition of Canada, Scott Wolf.

You have probably other private entities working towards stuff. like this, maybe universities and stuff like that, talking about digital currencies, blockchain, not quite focused, not quite policy. Here you're fragmented. And so it's better to have all those things, you know, pointing in one direction. You have the spotlight approach that we have here where everyone is talking about something, but you can't get the full story anywhere. And then you have the laser focused approach, which is what I think BPI is doing.

So I'm happy to see this. I wish these guys the best. As do I. I just think that I look at it like, oh, whatever. It's just to me it's just a totally nothing burger. Maybe you're right. Maybe I'm right. We'll see what happens.

This digital commodity intermediaries act. You saw this thing that was passed by the Senate Agricultural Committee. What do you want to talk about? Well, the goal of this is to make that Bitcoin is going to be under the jurisdiction of the CFTC. Yeah. And no longer. This is the market structure bill for people who are familiar with that parlance. The crypto market structure.

been talked about for a long time. Yeah, it's been in the works for a while. Trump said he would sign this market structure bill, right? Soon. So he's, that's, he's on board with this. Yeah, the big one, the big thing, though, like, we can talk about this, but I think the big thing is the Clarity Act. Okay. And the Clarity Act is still up in the air. Okay. The Clarity Act is basically the stable coin bill that's going to really force banks to adjust their business model. And the hang-up at the Clarity Act is the idea of interest-bearing stable coins. And Coinbase tried to do a runaround on this. Shout to Brian Armstrong, I think doing a lot

of great work right now, trying to finesse ways to get this done in the States. But even he's backed off because the banks have basically tried to run an end-around on what was originally agreed upon. And what was agreed upon is that stable coins were able to offer rewards in lieu of interest because the banks didn't want stable coins offering interest. The banks made it. this case, the B of A, especially, I can't remember the guy's name, the chairman, the chairman over there, but the B of A basically made this case that if you start offering stable coin interest, then deposits will vacate the big banks overnight because people will want the interest, basically admitting their product is inferior and that they need legislative help and regulatory

protection. This moat has to stay in place that only they can provide interest-bearing deposits. So what Coinbase said was, okay, sure, we're going to do rewards then. And the thing about rewards is that much like shake pay here, which I think is actually part of the shaking stats issue, by the way, I didn't put this together until a couple days ago when I looked at this. You can't issue rewards to people for nothing, which is to say a customer must be participating in some activity on your platform in order to get a reward yield. Depositing something is not enough and just using the platform to shake your phone, for example, is not enough. You have to be using it to purchase. You have to be using it to trade. You have to be using it to sell. You have to do

something. Explain then as a customer retail depositing money in a savings account in a bank. They're going to get some reward for doing anything to simply just depositing. Exactly. Fall under the same umbrella then. The banks are allowed that, but they didn't want the stable coins to be allowed that. And so the workaround for the stable coins was, as I just described, they want you to be participating in the platform using the service, not just depositing. And this was the agreed upon thing. But I think now banks are realizing the product we have is actually so inferior that we can't even allow the rewards thing to exist. So what we have to do is make sure they're not allowed to even issue rewards.

And Armstrong said, forget it then. We're not going to participate in this anymore. And it's actually so significant that Trump mentioned during a press briefing, I think three or four days ago. that this is not Brian Armstrong's bill. It's our bill. We want it to pass. We want this. The thing is that banks know that they're on their heels here.

They're on their heels. And I think that this is an issue for them now in a way that it just was not before. The infrastructure bill, okay, the market structure bill, I should say. I'm searching for the words here. The market structure bill is a big piece of this. It tells you who gets oversight of which asset. The oversight is one piece of what the expectations are. What are the table stakes for those things?

If CFTC gets oversight, Bitcoin, Ethereum, et cetera, become commodities. That's the big one. That's no longer security. Yeah, I think that's the big thing. Exactly. And so you want this, I think, because you're under a different set of rules then. Now, the question really remains, okay? All these things, these acronyms, agencies, institutions,

whatever, okay? They're fine. It's all part of, you know, like I said earlier, the machinations of government and of regulation and all these things. But at the end of the day, the fight is still with banks. And I just want to note

that you and I said this so long ago, okay? That, and I, you know, I said this on so many podcasts, he got so much kudos about this, from you and from other people. seven years ago, 2017, everyone thought crypto was a joke, okay? The banks included. The banks were in these big castles, alligator-filled moats, drawbridges were up, no problem, okay?

A short time later, three years, four years, maybe in the most generous interpretation, Bitcoin had a fucking forklift at the base of the fortress. Okay? They were right there. And now then, they're starting to climb up to the archer's perch. in these fortresses. And these guys are running out of ideas. Not ideas.

They're up against something that they cannot stop. They can't stop it. They can't stop it. You can run a node. I can run a node. Let me. It's actually even better than that. It's even better than that.

This is the reason why stuff like the BPI is so important. Because the best part about banking and whether it's good for constituents, whether it's a first world thing, you know, whether it's something the first world, needs, I should say, not a first world thing. The issue is that banks are not good for people. They're not serving people. They're just not. Coinbase has a deep enough capital pool that they could issue almost any vehicle a bank

could issue, maybe short of mortgages, but even then, I bet you they could almost do it. And I wouldn't be surprised to see, given the difficulty these guys are having, trying to get this bill across the finish line, the Clarity Act, not the Market Structure Bill, the Clarity Act. Why shouldn't Coinbase, with the help with the BPI, be able to say to people, we need a bank license? You guys can keep your rewards and interest on your stables and keep all that other stuff. We want the same rights you have. We'll even use the same currency to offer the services. Everyone's coming over.

And I think that the thing to keep in mind is that BPI puts asses in seats that understand that. puts papers in front of those people who understand that, puts papers in front of donors, funders, super PAC participants that understand that or help them understand that. And then you get a better result here. I'm kind of highlighting my notes here on the side here, furiously.

No one can see that. But this is happening so fast. And again, all people want to talk about is the price. Who cares about the price? Look at what is happening in the landscape, the regulatory landscape. look at like what did you just say there's no stopping it everyone can run this everyone can use this there everyone will trend the wardness yes threaten with legal challenges or shut them down

and it just it just runs the network has been running continuously without any hiccups for i think 13 years was the last time there's been any out i could be wrong at that and it just works beautifully yes they're up against and i don't want to say this is a war like i mean this just a wrong analogy. But if we want to use this wrong analogy, it's an enemy that they can't see, they can't shoot, and they can't fight in the end. They'll just continually get cannibalized by Bitcoin because people will see it. The price, though, as much as I hate the price, because the best thing about Bitcoin is its properties, the fundamentals it presents. And the price, though, man, oh man, I can't just overlook it because fucking Normies love it.

Yeah. Right. That fucking number. It's catnip. It pushes the narrative. Without that fucking number completely going up, it's difficult to have people. That's just a sad reality. And even worse, though, is that number.

We always just put it against the U.S. dollar. And if you try buying an F-150, for example, how much does it cost today versus five years ago? There's a huge difference between that. I wish we could tie it to something. something that is not as volatile as the U.S. dollar. Maybe well, maybe, I don't know what the fuck it would be. Maybe barrels of oil, but I don't know. I just, I don't like to see it's always just tied to USD because I think just the fact that USDA continually loses value, it's harder than to justify

or to put a correlation what is the value of Bitcoin because the base of that USD is, it's such a dynamic number. Yeah. And I don't know. I'm just, I'm shaking my head at the whole thing. I'm just happy I just own Bitcoin. That's the reality. These goons over there in D.C., if they want to change this from a security to a digital commodity, all the more

power. If they don't do it, all no more power. I think that Bitcoin the adoption rate will increase over time. How quick it might be quicker as long as it gets blessed by the people in the U.S. in the government. But even

without them, I think the adoption is going to go up. Like I said, I already, shit money always goes to good money. And that's always going to be the case. Just because they look at it, you know, there's only so many in existence. And a lot of Bitcoin has been lost over time. You can take it. You can take it from jurisdiction to jurisdiction. And nobody stops you from sending it.

If you want to send it to anybody you want, nobody's, you don't have to beg them to do so. Bitcoin has a lot of great fundamentals. That's what makes Bitcoin Bitcoin. Price is just a narrative. It's just a talk. But really what Bitcoin is is stuff I've mentioned. that's what we should be talking more than anything is then people that truly understand truly understand it but i think that people that understand things they're a little bit more

informed these days especially we had the s pups oh let's just fucking all-time segue there yeah so we had to thank you i don't want it to get into like the nitty-gritty here But the ones that are interesting and really that's tied into Bitcoin is the Jeremy Rubin. It's the Adam back. Shit like that. And I don't know. Do you care about this? Do you care that they're on the list?

They're in the emails. They're not on the list. The I've seen list was supposed to be the black book. Yeah. These are just emails. Yeah. And I'll be honest. The fact that I haven't dive deep into this, my opinion and the dude.

Epstein hasn't changed one bit, right? The guy, I think it's universally he's known to be or was to be a piece of shit. He's hustling, he's hustling, you know, girls 14, 15, 16, 17, it looks like, you know, a pimp of sorts, sex trafficker. It's not a good guy. Everyone knows this. It's not a mystery anymore. So, like, there's no new revelations there.

What I don't understand is the handlers for a lot of folks, because there are people up there that are extremely wealthy and busy, but yet somehow they get intertwined into Epstein's world. And people say, then why haven't they, you know, do some research on this Epstein dude? Like, it's hard to do it when your schedule is so busy. You have people that do things for you, that checks for you, does background check. I'm not sure why people, this stuff just hasn't, not, like they haven't done their due diligence. People fucked up. A lot of people fucked up. And I think a lot of it was just based on word of mouth. They were happy with this dude, what these, you know, the shit. And it's, oh, great, I'm going to go check it out. And like,

I'm disappointed in a lot of things. Really what we have here. And this highlights more than anything is the tiered society we live in. Yeah. And a lot of this tiered society is reflection of having somebody controlling money to. When you, when you have somebody controlling money, you control power. And when that is stripped away, when that power stripped away, shit like this is lessened. I don't want to say it's gone,

but it's lessened in terms of what's done in the world. And the tiers in which you see, there'll be a blurring of the lines with that. That's really what Bitcoin is, I think, is trying to achieve. It's trying to bring back the power of money to the people, not have the people in charge and the people issuing the money.

They're the ones that continue to maintain power and they will fuck you over anytime possible just to make sure that they maintain that power it's bullshit that this happens I add him back I think we've been pretty nasty on him in a past little while I'm not going to be any more nasty it's too bad he's involved with some emails I don't know with what level of

involvement he had with Epstein I have fucking no I don't fucking know whatever to fuck and happen it happened I don't use any block stream products I'm not going to use a jade I'm not using jade right now. I don't plan to use a jade. And you do what you've got to do, people. If you want to vote with your pocketbook and you want to go somewhere else, I'll know more power to you. But if not, if you want to still use it, you're right. You could do whatever the fuck you want.

What did he do? I don't know. But it's kind of disappointing in a way. I don't know what to make of the Epstein stuff. Honestly, I don't follow that closely enough. It's too much of a black pill for me in a lot of ways that, you know, like Mark said on Twitter today. Talk about base sponsor. You know, Mark said on Twitter today or yesterday, it is something to basically,

it basically said you have to reckon with that it's something to reckon with that your tax money is going to fund like depravity, pedophilia, and corruption at every turn. The darkest corners of the world find your tax money available to them with basically no strings attached, no holds barred, and an understanding that this is going to be used for some of the worst things you can imagine. The interesting stuff in the EFstein emails, though, I mean, apart from Adam back, you know, he got a warning from the EU before the euro bailout in 2009, looks like, a day before or something like that,

and had some other stuff in there about different Bitcoin-related stuff. I mean, you know, Mars was talking near the American Thanksgiving holiday about how Epstein funded core. That turned out to be true. he's in the core email or not in the core emails but he's emailing people from core you mentioned Adam and others so you know what at the end of the day what is this show it shows that this guy is an elite networker okay no doubt about that has money knows that he can meet with basically anybody at any time no questions asked except for Russell Wilson show to you hustle bustle man muscle

Russell Wilson and it doesn't really show me what else I don't know what else I'm supposed be looking at in these emails. Maybe I'll spend time one day looking through, you know, gigabytes of, of cables between Epstein and GMAX and Jason Calcanus and Adam Back and all these other people. But honestly, I doubt it. I doubt it. I doubt I'll think about this ever again. No, you will. This will resurface again and again. I believe this discussion. No, the Adam Back thing specifically, though, like I'm never going to think about this again. Maybe not. As information is released moving forward, maybe there'll be more with him involved or his team or maybe Bitcoin-related individuals from way back when.

Another thing to also consider is this was released by the U.S. government. It's under the administration of Donald Trump. Just like controlling money is power, controlling information is also power. I'm not trying to say that they are releasing stuff that is they're being selected. in what they're releasing, but they probably are releasing stuff that's just, right? It only makes sense. I don't think they're going to release stuff that makes them look weak, their party and them administration.

I think if anything, they release stuff that would potentially make their opponents weaker. It only makes sense. So what are they holding back? I have no idea, but this is more of a general topic. I know it's not related to the Adam back thing. It's all right. It's good to know. general thing yeah um um

us at we could talk about that that's the official launch by tether for their new stable coin yeah we should we'll we'll finish this side with that story if you want um I I am a stable coin like

supporter generally if I have to pick between what I'm what I have now available to me especially as a Canadian like I would rather have a US dollar stable coin in my wallet than I would a CAD stable coin in my wallet. By the way, in the Epstein files, 2014,

talks about Canada looking at doing CBDCs. He wanted to get in touch with somebody about that. So this bullshit about we're not looking at it, I do not believe them. I never believed them. They've been looking at it for more than a decade. The interesting thing, obviously, in terms of tether, is a tether up until a year ago was unable,

not allowed to operate in the U.S. And now, well, here we are. They made it. you know, mama, look at me now. It's going to make USDC a little bit more, they got to look in the mirror and say, are they able to deal with a competition like this? Yeah.

Because up until now, they essentially had a kind of monotland. Free ride, man. Did you take advantage of it? Is the question they're going to have to answer now. Now, to go back, I just want to state that the Canadian dollar, I mean, in the past year, it's done pretty darn well against the U.S. dollar. And that was at a time when the Central Bank, the Canadian Central Bank, was comparatively aggressively cutting rates.

Yeah, okay, let me tell you why. Because when the U.S. steps in to intervene in Forex markets or when it adds liquidity to the global economy through, let's call them gray banking operations, it does so at the expense of the U.S. dollar. So, for example, when people talk about yen intervention, what they mean by that to protect the yen, the value of the yen, okay, to protect the Japanese currency, to protect the Japanese market and to stop a rollo over there. They're intervening by selling dollars and buying yen. The same is going to happen to the European euro. That's right. You have all these others that are trying to keep doing it. They're going to keep doing it.

People are like, well, the U.S. dollars not performing. it's a, number one, it's a sign they don't know what they're talking about. And number two, it's a sign that the U.S. is actually propping up the entire global economy even more than normal, which has been the case in the last probably 20 years, but for sure, the last five. So anyway, sorry to cut you off. What happens when they cut rates? What do you mean? Federal Reserve, when they cut rates, especially with this new guy coming in, what's going to happen to the value of the U.S. I mean, the dollar is going to go down in value, for sure.

And nominally, nominally, yeah, nominally will go down. And in real terms, or sorry, nominally, the stock market and stuff will go up. The price of assets will go up. But in real terms, you're buying the same two houses on the island with, you know, a boatload more seashells, right? And so the value of the home has not gone up, even though the number of seashells available has tripled or quadrupled. And, you know, it's not like we hardly ever talk about this anymore because it's sort of a given in Bitcoin, but you could just look at the M2 money supply.

The M2 money supply tells a story. Even though the Federal Reserve and the St. Louis Fed, the Federal Reserve Economic Data, yeah, the Fred will tell you that this is not really the true measure of the money supply. There's other things going on. That's sad that they have to do that. Yeah, but the thing is they're lying. And the other thing is, it's not like in the past, I say this a lot, but these guys don't understand the information environment.

they're operating in. And so it's not like the past where I kind of had to just take that at face value. And if I wanted to dig more about it, I had to like go to a university library to find out whether or not they're telling the truth and find out like through, you know, year old Bloomberg papers that I had to run through an overhead projector and photocopier to try and find the data. It wasn't right.

I had to plot it. Now I just have to go on Trading View, free account, M2 Money Supply, S&P 500. Do they match? Can you verify that? Yes. The M2. The money supply? Is that verifiable?

That's a point I want to make Of course it's not Correct But that's their preferred That's their preferred metric right And that's the one I just point out With Bitcoin I could just simply query my node How much Bitcoin is in circulation

You always know I get an exact fucking number And I can tell you in 50 years And February 2nd How much almost exactly How much Bitcoin is going to be in circulation At that time I can't tell you today

How much USD is in circulation Nevermind in 50 years time Yeah I just wanted to just stress the point It's beautiful when you think about Bitcoin. Not to mention that the U.S. government still uses cash for black operations, 100%. Like, I am a firm believer that the best way to deal with foreign governments is pallets of paper currency. And they've done it in the past.

Obama did it. Bush did it. Trump does it. Biden did it. They all do it. If you have the world reserve currency, okay? If you're not doing that, you're not a competent government. So on top of all the money that they can quote unquote track, there's probably a

hundreds of billions of dollars more that they've printed and given away to dictators, to drug lords, to cartels, to gun runners, to weapons manufacturers, to nuclear arms proliferators, to whatever. Like, these guys are, they're wheeling and dealing, baby. This is not, this is not, this is a majors. They are not fucking around. If they have the capability, they will do it. They will use it.

They have and they are. And so that number is completely wrong. It's way underselling it. But again, it is their preferred metric. It's what they say, well, this is, we'll use this, but it's not perfect. Okay, well, it matches the S&P. It tells me everything I need to know. Value is not going up.

Tokens are going up. That's the end of the story. We should end it now and just go to the- Rest of the news. Stick with us, man. If you're on video, number one, there's more than 100 people watching this. There's not 100 likes on YouTube. I am being transparent here.

I want to grow the YouTube channel. and I don't want to do it with bullshit slop. So I need you to go over there and like the video. I don't care if you watch it over there. I don't care about any of that. I care that you like it, subscribe to the channel, and then go about your business.

I hope you stick around and listen to back after the show, but I'm being transparent. That's what I want you to do. I hope you do it. Come back if you're on audio tomorrow for the rest of the show until I take care of yourselves. And don't get on any lists.