The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - CBP Classics - Episode 1 of The CBP (2021)

Episode Date: January 3, 2026

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Hi, Len. Yo. Nice to see you. Thanks for coming. Welcome to the first episode of the Canadian Bitcoiners podcast. A pleasure to be here. It feels good, doesn't it? Absolutely.

Because we've been talking about this for a long time. I know that me and a few of the guys at work kind of wanted to do this. I couldn't get anyone to take a bite with me, take the dive. And now here you are making the trip from Oakville. Half an hour, yeah. It's quite a trip. So thank you for that. The price of Bitcoin right now, can you have a guess what it is?

I'll guess 576. 67619 holy i'm pretty good i'm not going to do the uh block height like the boys from tfTC that's their uh schick not mine matt marty hope you listening thank you for uh tuning in thank you for your support let's get to it what's on the list news hit me with it i'm ready this is a big one we start off with a very large news item how large are we talking so it was a 800 you got talking to your mic this is lens first first time podcasting so he's like he's looking at his news list but he's not talking into his mic. This is a problem I had on the other show, too. This is nothing new. Learning the process. So yeah, there was an $804 million purchase of BTC. Okay. About 14K worth, sorry,

14K BTC total. When are we talking here? Purchased from Coinbase March 23rd, one week ago today. Huh. So 14,000 Bitcoin worth $804 million. It's at the time. At the time. It was suspected. It was an institutional buyer. What's the, uh, see, this is why I want to learn how to do on-chain analytics because it's probably not that hard to track some of the coin movement off of Coinbase. CryptoQuant. Is that what you use? It's pretty good. What is it? It's key. Oh, is that on Twitter or something? Yeah. There's a website that you can do this on too that has. Cryptoquant.com. Is that it? Yeah. I kind of want to pull it up. I don't, listen, I had this conversation. It's funny. I was talking to my uncle yesterday. He's an older guy, 60-something years old. Successful entrepreneur lives in

Toronto. Has no bitcoin. He's a no-coiner. He's a no-coiner now. I know. He's part of the unwashed masses. The thing I would say to, or the thing I said to him yesterday is I was super hype a year ago when celebrities and institutions and whatnot were buying because it was like a nod of confidence when we needed a nod back when it was, you know, whatever it was before COVID, 8,000 or something like that, right? Coming out of that 3,000 slump and kind of teetering. That was sick when that was happening then. Now, you know, it's pretty clear. I mean, people listen to this show, obviously you and I think this, it's pretty clear that that, you know, the directional wins for Bitcoin are only going one way. Oh, there's definitely tail wins. And it's only going up. Yeah. And so when

people are like, oh, this guy bought or this institution bought or this, you know, Elon, for example, right? Like, he will be talked about later on. But do I want that guy? Do I want, okay, so I'm not going to, I won't cut the lawn on Elon yet. But like, I don't want, I don't want too much news now. Because I can see what I thought I could see three years ago, crystal clear now. This thing is going to be huge. It's already getting there. It's only going one way. I don't want to know who's buying this stuff. And I don't want guys like Willy Wu, Cryptoquant, any of these fucking people who are doing chain analytics for 50 bucks a month to their subscribers. I don't want them blown the lid off this stuff anymore because it's time to accumulate. It's time to accumulate.

The unfortunate thing is institutional investors are now getting on board and this stuff gets reported every so often so it's not going to fly under the radar as a result as every time this gets reported price will go up so you know you're not going to you're not going to have a chance to buy large dips you can buy miniature dips reported like in their SEC filings you mean or reported by like the anon crowd like the hornet's nest is just going to find it on uh quarterly reports aren't these going to come okay yeah right and so you have basically a three month window at which you're going to find out when something is going to be going to be done recently we had Oracle they didn't do anything. What a flop that was. Right. I had so many memes ready. Oh my God. A lot of people

Oh my god. My entire meme folders. But the fact we're waiting for an Oracle to come on board means that we're waiting for the next one to come on board or the next one. And it's going to happen. We've already had a few. Do you think, do you think that it matters anymore though? Yes. Why? Why? It creates confidence amongst the people that have yet to buy in. But why do you have a? I don't want that yet. You don't, but you have no control over this. I know you want to stack more at this time. That's the whole story. So unfortunately this is something that's outside your control. What you can control is what you can purchase. What's going to happen with Bitcoin, you have no way to make it move up or down or sideways. It's going to do what it's going

to do. But now you have like recently the JPMorgan Chase is at the world that you're going to start selling Bitcoin to their people. We'll talk about that later on. Okay, you got that on the list. So when you have that being reported, this is going to make their investors. Think about buying it before they basically they shunned in a way it was a an asset class that's going to just you know who knows what it is but now it's being offered people are going to think

about getting it. What is what is the price you think where institutions no longer matter or like what's the what's like the ecosystem where like what's the level of maturity what's the indicator what's the you know benchmark where this kind of stuff is now like

expected like for example you know if if I found out that a pension fund was buying, you know. We'll talk about that later. If I've, not even Amazon, not even like Apple or Amazon, if I found out a pension fund, like for me, okay, Roblox IPOed, what, three weeks ago now? Yeah. If I found out CPP was buying Roblox, you know, and 10 million share blocks, I would say to

myself, whoa, what are these guys seeing that I'm not seeing here? That would be an indicator for me for Roblox. So what's the indicator for Bitcoin? Because I'm looking, you just mentioned a few things there. J.P. Morgan and a couple of the other big guys who are offering either custody, purchasing, ETFs. ETS and trading desks. Yeah, that's right. Who's the, who put the ETF? Um, oh my gosh. I have it on my list. Is it BlackRock? No, no. We'll discuss that later. I have in my list. But like all these things. So what's the, what's the last, you know, like what's the last

pillar where it happens, like the watershed moment happens and then all the rest of the stuff doesn't matter anymore. It's escape velocity. I don't, I don't think there's going to be a a point in time where that's going to happen. It's just going to gradually get there through its own momentum. And organically, it will get to a point where people are just going to say, whoa, I've got to get on board. It's not going to be when CPP gets on board. It's not going to be when whomever gets on board.

They'll probably be the latest, right, guys like CPPs or like pension plans, endowments, even though I think one endowment in the U.S. bought recently, if I remember correctly. The Ontario teacher's pension plan, I could see them going out and purchasing some Bitcoin is it makes sense, number one. Number two, they have a lot of money that they could, this is going to make headwinds. That's a ton of, that's big if you get the teachers. They will.

They will. They're smart investors. They have some very smart people that remember they had the Leafs at one time. They had shoppers, drug, they had some really good investments. And this is another one. They're going to realize they have to get on board before it's too late. Don't they need, like what's the, I was saying this to a couple of friends of my recently, probably you've heard it too.

you know, what's the, what's the rate on bonds, like the risk-free rate? How low does it have to be before fixed income moves, at least in part, to Bitcoin? Like, I would imagine it moved to gold, too, because, you know, a lot of those old heads are not going to dive into BTC and get green wallet on their phone and start dealing in ones and zeros. Have we crossed that threshold already? Like, given that bonds right now, the yield. I don't know what the 10 years at. The 10 year was up to almost two points, right? Like a week ago, I don't know what it is now. It's still very low in comparison to the rate in which, money is being

essentially money is being printed the velocity of money is too high for that it's incredible so by the time it's 1.7 by the way that's pathetic you know gold unfortunately gets well maybe not but I would rather perk my money in gold and that's saying something than I would put it into

at least in gold it's somewhat liquid gold teetering on 1700 right now it's 1711 it's been stuck there for a long time only going only going one way unfortunately I think it's going to stay sideways I don't think it's I would not be surprised to see a drop under 16 and not recover. I told Ken's today that, or a couple days ago, maybe that if gold drops under 1,700, like if it gets 1680 again, I'm going to buy

a gold chain. We're one-tenth of the way to the, one trillion, 10 trillion market cap. Man, I said that the other day on the two whites podcast. At one trillion cap, like you said, 10% of the gold market cap. By the way, that's not just gold chains. That's everything. Okay. I don't think. you should be counting industrial gold use or industrial gold used already in the gold circulating. Sure, the majority of it is being held by government. It's fucking bogus. Give me the banks and give me the jewelry and that's all I want to see. Because the other stuff is, it's out of the supply. It's out of the supply. They're using that to fund their day-to-day operations and that will run dry. And when it does, it's going to be a real problem for governments. I can't

They can't, yeah, neither can I. I mean, I shouldn't be saying that, but I can't wait. I just want to see how it plays out. I want to see, I want to see ingenuity and forward thinking rewarded at levels that typically it's not rewarded at. I'm looking at Miami now talking about their Bitcoin mining. We will talk about that. Go to the next topic.

That's good, good, hot start here. I'm glad we're on the same page. Now that I'm speaking, I'm leading to all kinds of different topic execution. I'm still a week behind. I'm March 23rd. So at that time, should we give the date? Today's March 29th. Yes.

We'll have to do the date and the price at the top of each show. So the crypto exchanges at that time were holding the lowest amount of Bitcoin. So the analysis was showing that miners were hoddling and not selling. Read this. Okay. So at that time, March 23rd, the city of Miami was considering incentives for Bitcoin miners. Okay. I just mentioned that.

And the crypto exchange FTX agreed to naming rights to the Miami. It's a bonkers story. Well, it's a bonkers story. It just goes to show you that the city of Miami, is on board. How much was the contract? I don't know. I should have put that down.

I'm going to find out right now. But it's going to show that, you know, as they're offering their employees to get paid in Bitcoin, they're going to try to lure miners to the city. It's only going to make Miami more crypto-friendly, more Bitcoin-friendly. And that's what we need. And from what I understand, there are other mayors throughout the country that are reaching out to the mayor of Miami to find out what it is they're doing. So this is going to spread.

This is an unbelievable amount of money. Go ahead. 200 million-ish? Guess this is a big commitment. Guess how long the contract is for? 10 years. 19 years. How many millions?

400 million. 135. That's a steel. Pretty cheap. Like, I could probably get that. I don't watch basketball. The Land and Joey Hardwood Arena. So I don't watch basketball.

I don't want to divert too much. Are to heat a winning team? Yeah, they're a title contender. They were in the finals last year. There you go. So, yeah. I mean, weird circumstances, but still, that's a finals team. It's not, those guys are well managed.

That's a, I would say they're now an iconic NBA franchise. I don't think there's anyone who disagree with that. So, man, I also like, is there anything more 2020 or 2021 than going from an airline as a namesake to crypto exchange? Is the way to Windsor blowing? Is it like, uh, is it like, uh, because I remember there was like prop bets for the Trump Biden election there too, right? Like, it's not exactly Casino Niagara.

It's more like, you know, backdoor, backdoor of a pizza joint, knock three times, and tell them your name's Larry. I wish I could give you some more insight about FTX. Unfortunately, I didn't look back. I don't know. I don't think it's really like, whatever, an upstanding crypto exchange, but that said. But going on, now we're March 24th, and here's a big one. Okay. The last one was pretty big, $804 million purchased.

That's, but the big one from March 24th, Allen tweets about the, a little. allowing the use of Bitcoin to purchase Teslas. That was huge. The price of Bitcoin jumped significantly during that time. Was that when he said he bought or when he said he was accepting payment? They were accepting payment. And at that time, they were saying that they were not going to be transferring BTC to Fiat. They're going to be keeping BTC for themselves.

They're hodling all the way. That's perfect. They also said that Tesla operates their own Bitcoin nodes independently. So they, oh, sorry, directly. So open sourcing too, right? I think he said it was all open source. They should all be open source from what I understand. Yeah, his custody.

They're knee deep in Bitcoin allowing people to purchase it. I don't know who would in a right mind do so, but the option is now it's available. And as soon as that happened, the price jumped. You know what I thought when that happened? I thought exactly what you just said, you're trading something that seems to be, you know, fingers crossed going up in price and up in adoption, up in sort of like day-to-day relevancy for something that, in my view, again, not to plug the other show, but I'm a well-known like Elon Bear.

I think the guy's running something close to a Ponzi scheme with Tesla. And if I could buy Bitcoin with a Tesla, I would love to do that. I don't know if I'd buy a Tesla with Bitcoin. The other thing that I noticed is that that Tesla ecosystem has a lot of tech celebrities. And so you know Marquez Brownlee, MKBHD, so you see he's tweeting about it. And what do you think he said? He said, wow, now you can buy an appreciating or now you can spend an appreciating asset to buy a depreciating one.

So you know who this would benefit are early adopters that have been huddling a lot of Bitcoin. This is the way I envision it. So somebody or some people, they just hold hundreds, thousands, tens of thousands of BTC. Tons. What are they going to do with that? Now they could purchase a Tesla. Fucking airport.

Or a small island in the Caribbean. What do you mean? But this is something else they can purchase with that. it transferring it into fiat and then so this might be a way of enticing them to start spending their Bitcoin and purchasing something which they could use what about the tax incentives this I don't know because that's a taxable event is it not it's talked about this it should be we talked about this a million times like privately you can't this is one of the reasons that that COVID dip was character building because you know if you already had a significant amount of money in Bitcoin when it went

from 8,000 to 3,000 and the world is burning around you. Everyone's watching the same video that Chinese guy dying in the street. That was obviously fake in retrospect, but that's a story for another time. You know that if you sell, it's going to take you 25 minutes, 30 minutes to get it onto an exchange, right? You're going to realize taxes on all the trading you haven't been doing in the last three years. These are great points. And so what are you going to do? You got to go deeper in, right?

And I think that that really benefited Bitcoin because a lot of people probably had that same thought. Right? It's way down. You're not going to sell. You may as well just buy more. I can't imagine having a like a taxable event for a car. Like I want to swear even more. I'm trying not swear on this podcast. I've already done it a few times. Like for a car, let alone a Tesla, which by the way, like I mean, they're nice cars. I'm going to be wrong. Someone on my street has Tesla. It looks great. I don't know if I buy one now. Yeah. I got all this stuff that's going on. You're right. I don't want to start selling, start shilling Tesla right now. Can't do it.

Amazing car. I was in it just two days ago again. The car is phenomenal. Where are you getting into Tesla? I went to go play golf. And as I got there, to get there, my buddy drove his Tesla and took me up and sent me there.

Nice. Nice. So the car, it's a model three. Yeah. So it's, you know, the base model. What year? What year? He got it one or two years ago.

That's, those ones are apparently significantly better than the ones that came before them. Like the increases, this is what I keep hearing from guys like Rogan and other Tesla owners that the increases are not they're not incremental.

They're like huge jumps every few years as opposed to little so you're going from BlackBerry iPhone pretty much so I can't speak about the earlier versions

of the Tesla's and I can't speak about other models we're talking like the model Y and a model I can't speak about those but model three

what my friend has that's a two door it's a four door sedan okay and it's incredible it's fast yeah

it's roomy enough yeah and it's cheap to run to charge it it's only going to cost you pennies what about the maintenance it's pretty much maintenance free that's bullshit

but it's not totally obviously there's going to be some things you're going to have to maintain but you don't have the same level of maintenance you would with an internal combustion engine car the fact that you have a car that is cheaper to run long term cheaper to keep

going to fill up it's a real winner and the car so fast so beautiful inside quite as hell. Technology is incredible. I wish I could have him come here to show you the car, but I would never do so. Have you ever seen on Twitter the guy Tesla charts? No.

Who's like just the biggest like Tesla bear ever claims that Elon Musk, like had somebody follow him, watch him out of his. Oh yes. I remember you were talking about this in your other podcast. This is a guy I'd love to talk to about his like is up-to-date sort of data on Tesla. Anyway, whatever. Don't buy a Tesla with Bitcoin. I love the hodeling.

I love the node. I love everything about the story. I think Elon is maybe a scammer, I don't know, but if he's holding Bitcoin, like, I'm going to go one foot in on that guy, for sure, at least. Fair enough, fair enough. So next story, we got Jim Kramer, you know him. Of course. Mr. Mad Money himself. He now recommends investors put 5% of their portfolio in BTC.

Where do he do this? On the Pomp podcast? Because he was on there a few days ago. I haven't listened yet. It was reported on Twitter. So I don't know where he came out with this statement, but it was being reported on Twitter. And then furthermore, he said that he bought on the advice of Pomp, and he says he made more money on Bitcoin than on gold in stocks combined, which, okay, the gold part, that's fine. The stocks were ripping, so he must have put a fair bit of money in BTC to make more than what he made in stocks.

You could almost chart this. From when? It'd be easy to chart it from March. Because from March, you know, you would have absolutely killed if you had just started buying Bitcoin in March. For sure. Yeah. Even before then, you're still killing it because it's 50-5. I mean, you're killing now.

Yeah, yeah, yeah, for sure, for sure. So he's made a lot of money. It's another celebrity, financial celebrity out there that is toting Bitcoin as a good purchase. This is fantastic. So on to the next story. Wait, wait, wait. Let's talk about Jim. You know how old Jim Kramer is?

I'm going to guess in his 60. He's 66 years old. So he's a quote-unquote boomer. Him and Kernan also on CNBC, okay? both old. I bet you Kernan's probably late 50s, early 60s. Are those guys, like Kramer infamously was the

We like the stock guy. Yes. Right? We like the stock. That was He's been on the side now of GameStop, Bitcoin. He does Pomp's show. He defends Pompliano a bunch. That's where he said it apparently too. I just looked it up. So he apparently said it on the Pomp podcast about a week ago.

I think guys like him and Kernan, who's also a Bitcoin Bull, are looking now. at Legacy, and they want to be right. And I think this is a good way for them to do it. Also, how could you not, like, if you're buying Bitcoin at all in March, you'd be absolutely wrecking now. There was a chart out not long ago when the price was like $59,000. This thing only was like a red asset for you two days out of its entire existence. Incredible. Like, are you kidding me, man? So you basically have a 99.9%

on chance of insane insane and you know what it's only going to get better i think so too and like what who's buying okay like i have traditional equities and i've been trying like actually trying the last probably three months four months to outpace my bitcoin inputs to with equity inputs so like my equities now are i would say i must put at least like four or five grand in there the last like because we've obviously had a couple of huge paychecks right yes thank you uh psaic yeah uh and so i've trying to outpace, but I can't. It's not doable. And so what do I find myself doing? Bitcoin seems to be the best place to park your money. It's that. And I also find myself just buying fucking Bitcoin equities, BTCC, BF farms, hive, hut, big. BTCC. I could go on a tangent

on that one. I think it's a great place to park money. Where else are you going to have a tax free environment to buy BTC? You don't have it if you're going to buy straight Bitcoin. I understand you're not holding your keys. And if you don't hold your keys, and if you don't hold your keys, not your Bitcoin, but BTCC is insured up. Initially, it was insured up to $200 million when it first came out. That's 200 million assets under management? Yes. Now it's a, it's a billion dollars. Crossed a billion on the 19th of March. Right. And I don't know what it is. At that point, I stopped following it. I just basically, I mean, it took, it took them less than a month to get to a billion. It was a week and a half, two weeks, something like that. Yeah. So it was incredibly fast.

So what are the odds that it's doubled since then? No, it, I was initially following it, it was making about $30 to $50 million increase a day. That was per trading day. So there's no way it doubled since then. I don't think it's a linear increase. I think eventually it's going to run out of steam, especially as there's more ETFs out there that are going to be available to investors. You can kind of see the Trading View has a thing here that shows you the assets under management, but I don't see it here. So maybe it's not up to date yet. I would like to know, though what their AUM is. I bet you it's I bet you they're like another 250 million above that one bill. How could they not be? They just had like all the money that's coming out.

People got to park it somewhere. I know it's a Haiti ATF only but holy fuck like well it's traded also on you can get it in the States. I know I know so what's the I think that's what helped it really spike up quickly because it was the only one available in North America right so where else you're going to go how many are out there now do you know several Yeah, it's got to be getting there very soon. In fact, the next story is Goldman Sachs filed for a Bitcoin ETF. Goldman Stacks. Okay.

And same with Fidelity. Yeah, Fidelity was the big one. That was the big ETF. So yeah, so there you go. So you have a couple of big boys now out there offering Bitcoin or BTC ETFs. Do you remember the Goldman Trading Desk story from like two years ago? No, I can't say it. The Bitcoin Trading Desk.

I think it was Goldman where they had the, the two guys in the advertisement for the desk both have like man buns and like ill-fitting buttoned down oxford collar shirts sounds like a couple of guys we might know or maybe one guy we might have i don't know no comment there but like i i remember seeing that story a few years ago and thinking like oh my god these guys like there's no way this is going to not get shredded and sure enough on twitter everyone made their avatars for a while like them with a man bun in it and now three years later Look at them

Now they're You know Embracing the whole But you basically bid it On 50,000 dollars A price per coin They had to do it now Back then

Whatever happened to forward thinking And like Doing a little bit of DD Like you didn't do any diligence on this You couldn't figure it out So if you and me I realize That retail is at the very least

Agile And you know In the worst case scenario You could frame that as reckless but I would frame it as agile. So I can see something and act on it pretty quickly. I don't understand how these guys who have sort of the chess pieces

to move the needle on the price of something, right, with an ETF, for example, or with even an announcement that you're thinking about, thinking about an ETF. Years ago, that's what we used to go on, right? That was the opium we got.

You're looking at things now 2020. Yeah. So we now have a year's worth of COVID that wrecked the market, governments printing money like crazy. So if you take that, out of the equation, things were kind of running decently enough that we weren't going to come to a point where it's like, holy cow, we're so far in debt, we have to print money. COVID really

just accelerated all that. So when we were in that state of mind pre-COVID, the whole don't invest in Bitcoin worked well with their investors because they were still kind of in a traditional mindset. They weren't ready to adopt something new, some new asset class to park their money because there was no outside event, there's no catalyst to make it happen. There was no, the catalyst, like you're describing, I think a lot of people are talking about how the catalyst was like the stock market dropping, for example, right? But I think the real catalyst, you sort of just touched on it there. The catalyst was in general, the Shushine Boys' understanding of monetary policy

took off like a rocket ship. That Burr meme was probably the most, you know, easily accessible, I could go to my dad right now and ask him if he knows with the Birmingham he would say he would know about it as an example

you look at Wall Street Betts they went up I know you say what you want No I like them I think okay go ahead they went up to $8 million plus subscribers

during the GameStop thing it's still there those subscribers so the fact that they increased and that's 8 million people that were interested in either GameStop or what Wall Street Betts

has to bring to the table here it just goes to show you people are learning people want to learn people want to know what's happening and as they open their eyes as they read what's going on they then understand that shit we can't do the thing do the same things we've been doing before we have to try something else gold maybe silver silver had its run actually recently there was a short squeeze in that tried to short reddick can short squeeze game stop with short like when the short interest site you can't well there was a theory behind it but even that i need a swear jar because they're coming out like uh It's like a fire hose over here.

But even that was... You can't short squeeze a metals market on a internet forum. It's much more difficult to do that. I don't want to go to tenure here. The banks are not holding game pop and the ball. I don't want to make this a Wall Street Vets. There was one classic post on there where one guy wanted the shorts, the whole country of South Africa. The South African Rand.

He wanted to the short that. He wanted to go into Forex trading. But that's a... So go back to the original topic. So you have now more people that are more accepting of something else. And that's something else, well, potentially is Bitcoin for them. They're warming up to the idea of an alternate monetary vehicle. Now you have more retail investors, the agile investors than the way you describe them.

This is like a problem that I've had for a long time when I was saying this to my dad a couple days ago that, you know, I remember the first time I mentioned Bitcoin to my investment advisor, my broker, private broker and not affiliated with the bank. Which year was this? Give me a time frame. 2017, when I first started buying. And I was deciding what to do with the money I made on weed stocks at the time. And so I gave some of that money to her. And with some of the other money, I bought Bitcoin. That was my first coin-based buys, right?

And I remember telling her that I was going to save a couple hundred bucks from the few thousand that I had. And I said, I'm going to buy this. And she goes, I don't know anything about that. She's like, be careful. By the time that stuff makes it down to people, you know, it's already too late. Everyone's cashed in, cashed out. And she gave me the analogy of the Shushine Boy. Everyone's heard this analogy.

If the Shushin Boy is giving you stock tips, you got to sell. It's the top signal. The thing that in retrospect, she missed, and I missed, I should have been able to spit this out at the time. But the shoe shine boy now has the entire civilization's acquired knowledge in his pocket. He can see things on the ground that people in the ivory tower can't see. The edges somehow are getting more and more clear for the shoe shine boy. I don't have to worry about whether or not my institutional clients that I got is keep skimming 2 and 20 off of want to stay in Bitcoin or go to stocks.

I don't have to worry about any of that stuff. I see something. And also, I've said this before to my wife, the other thing that we have going for us, and I think a lot of people probably have this, whether you have retirement savings or pension, is you allocate a portion of your portfolio to moonshots. You go to the home run derby with a couple of bucks, every paycheck, and you see what you can hit. And Bitcoin was it for me then, and still is. But the thing is now, I feel, it's almost scary how confident I am.

To go back to that Shush, Shushine example, like, I don't want to paint a picture of Shushine people. But let's be honest, they weren't, they were not experienced in the market. They didn't go up. Not at the time, no. Well, even they could be, but they never learned it through, they never went to school. they probably didn't go to school to learn it. For sure. So really what they're getting is what they're hearing.

Yeah. They may be digesting it and trying to come up with something, but really it's what people tell them. And so they're running with that. They're not basically coming up with an idea. Somebody tells them something, they rub their two brain cells together and they come up with this idea.

So they go, I'm going to buy this because this guy told me to buy Morgan Stanley or something. Yeah. And that's essentially what happens there. But that's probably a lot of retail investors. They don't know. Oh, look at Wall Street bets. You go there looking for, you know

Shamath loves them and he actually praises them saying a lot of them know. Jamath is a goddamn con artist. He may or may not be. I think he is. He's been a BTC hodler or at least he's been talking it up for a lump. Show me the coin.

Show me the addresses. That guy does a podcast called All In. Have you heard this? Him and his three other billionaire buddies and he's making the case on there for universal basic income and how the 70s was the most inflationary period. This guy is.

He's a populist. No, no, he's a populace. This guy will eventually run for governor in California. He's not going to. He said on the podcast, he's not going to. But the fact he's talking about this, this is all... Don't give me wrong. I don't hate Chamath.

I just think he's a bit more of a con man than he was letting himself... Then people thought during the GameStop thing when he's tweeting about going along and donating to Barstool and all that stuff. He was up front about that too. He said it right from the beginning. He bought it. Yeah. His winnings, he was going to donate it.

Sold the next day. So it... even though it turned up to be the right decision like GameStop what it is right now what it used to be today just to put it in perspective I think it's 170 a close give or take so that's where we're at

in case anybody's listening to this far into future who knows it may be a thousand dollars in one point or maybe $5 you never know on there anything can push that place up to the fact that he bought into that like he I think he puts his money where his mouth is maybe not a lot of money

percentage wise he puts at least some of it. And he doesn't seem to be a Bitcoin bearer. He's not a bearer. But also I see him advertising talking about stuff like BitClout. Do you have that on your list? No. Next week we'll talk about that. BitClout's a scam, Twitter clone where people are paying for, you know, NFTs and other garbage like that. Is that a social media? It's just, it's just more nonsense from the same people who will tell you that Bitcoin has too many flaws. It's killing the environment. the oceans are boiling. Kids in Africa can't use whatever the argument is this week.

Which, by the way, you know, I know these guys are into renewable energy land, but you don't have to recycle arguments too. You want to recycle cans? Go for it. But you don't have to recycle arguments. Everyone's heard this shit five years ago, three years ago, probably seven years ago. This is the arguments are going to continue to bring forward. I understand.

But this is going to be always the Bears argument and they're going to use this until they're blue in their face. It's unbelievable. Like, guys who are super smart. And this is the other thing that drives me nuts. I don't want to go too far off the rails here. But the other thing that drives me nuts is it's always the same thing. I hear Mike Green, prof plop, blah, blah, prof plumb 99 on Twitter.

He was doing the podcast circuit probably a month ago. And he's a traditional macro guy. It's obvious what these guys are doing. They all hate Bitcoin, but they all love Ethereum or some other coin that's cheaper. They can get more of, not really in favor right now. But they all down-talk Bitcoin. If you can't see why these guys are down-talking Bitcoin, If you can't figure it out, like, I don't have the crayons and coloring books or the time to describe it to you and explain it to you and help you figure, I can't do it.

You have no time for anything else. I just don't care. That's fine. And I'll be honest for myself, I don't either. Why would you? I acknowledge that they exist. There may be an application for some of these. I can't say yes or can't say no.

I don't know enough about it. There's too many. There is a lot. And a lot of them are trying to solve problems that don't exist. Like sushi. I remember they were doing like food tokens on a theory. like a month ago or two months ago and it was huge

and then you got this NFT stuff with Beeple, 70 million for what? For what? This is going to make some starving artists very rich. Jesus, man. Whatever it works as long as it puts more eyeballs

on stuff like Bitcoin. Rising tide, do you think? I think Bitcoin's the one that's going to rise, make everything else ride. I don't think Ethereum's going to help Bitcoin go up. It's the other way around. But I could be wrong.

BTC is the ship in the Suez. If you got to move the ship Or those other little guys circling around and the satellite shots. They just flush that turd today. I know, finally. So anyways, going on to the next bit of news, this is actually one that hits close to home because as this is a Canadian Bitcoin podcast, we might as well talk about something about Canada. So big.

Yes. You know big. Big digital assets. So ticker B-I-G-G. Which I think is also net coins, right? That's their front for selling Bitcoins. That's their exchange. Okay.

So they announced they struck a deal for $25 million in financing. through the sale of shares, i.e. dilution. This was the move they made the other day down at 210, 210 a share? You know, well, that was March 24th. Then it took a little bit of a tumble. So the next one I have is bid F, Bitcoin Farms. Bit Farms. Bit Farms. Love them.

So it's another Canadian firm out of... Should mention here. This is not a big enough podcast yet, but none of the things you hear on this show are financial advice. Len and I may own securities that we mentioned on the show. I definitely have a ton of Bitcoin. So I own that and we'll pump the show. shit out of that bag all day long. But this is not financial advice. Do whatever you want with your

money. Do your own work. And I own tons of Ethereum. And also all thoughts are our own. We represent nobody. That's right. Yeah. This is only my thoughts. So Bid F, they are growing in their mining capacity. They have done so already to 1.2 X a hash per second. Yeah. Their goal is to reach three X a hash per second by the end of the year. So in quarter four, 2020, they mine 570, BTC. Oh my God. Just in Q4? It's going to get better for a different company in just a few seconds. But they currently are mining eight BTC a day on average and they are hoddling 489 BTC, which is approximately $24 million. Eight a day. Yeah. And they're applying to go on NASDAQ. The application is pending. And the next, do you want to talk about this at all?

just go to the next. Does the next story have hash rate in it? No, it does not. Okay, so let's, I want to talk about hash rate a bit. I've been looking at the hash rate thing more closely over the last month or so as the price fluctuates. That's something we're going to talk to, talk about it. Are we? Yeah. Okay, leave it then. Leave it then. So, uh, NYDIG. You're familiar with them? New York, uh, NYDIG. They're just a, they sell Bitcoin. I thought, I thought they were part of the, oh, I guess they're not part of the infrastructure. I had the impression they're So what they're doing, they cut their BTC fees to 0.3% for investors like Morgan Stanley. Incredible.

So companies like Morgan Stanley can now buy Bitcoin on a cheap because they're going to be offering Bitcoin to their investors as of April of this year. Okay. So institutional investors, they're going to be able to get this en masse through Morgan Stanley. That's a huge market in the United States that they had no idea about Bitcoin before, but now they're going to have an opportunity to buy in. Did Morgan Stanley, were they among the institutional sort of monoliths that were recommending 1% allocation in Bitcoin?

Because there was a few of those little while. They were, right? I really believe you're correct. Okay. So this kind of is a synergizing move on their part to open the door for that kind of thing for their clients. What are these guys doing? Are they using Crackin or Coinbase or like what's the, I know what the, I know what the,

why B-I-G? That's the buying mechanism. I was going to say, what about custody? Maybe Gemini. These guys don't really mess around with private keys, eh? Like, none of these big guys are messing around with. They'll hand it off to somebody else that has experience. They'll give them the money and they say, here you go deal with it and I don't want to hear any problems. That's the way I envision it. Yeah, I don't see them opening up a separate sector in their It would just be so risky. Yeah, it'd be so risky. Yeah, somebody's going to hack it. Yeah, like. So the next day. Earl keeps one of the keys at home, you know, Ethel's got the other one under a keyboard and Office 418, something like

that, these guys, anyway. So, yeah, on March 25th, stimulus checks started to be released to people in the United States. Papa Joe. So there was always talk about a large number of people that were going to invest in the stock market and in Bitcoin. I forget what the exact exchange, what the exact spread was, but it was enough that it's going to make some people very rich if this thing goes very high. Everyone was getting their checks and just becoming President Joe Buying.

They're taking money. Or going up the stairs, President Joe Sliding. What a great video that was. But they're taking money from Uncle Sam and they're putting it right into the stock market or in a Bitcoin. This is the pleb, the poor man's Michael Saylor strategy, right? The speculative attack on the U.S. currency via rates and handouts and... It's actually taking it up a notch because Michael Saylor borrows. These guys are not borrowing.

somebody else is borrowing on their behalf and printing it. Incredible. They're really borrowing from each other. And absolute, like, talk about a house of cards. These guys are borrowing $2 trillion, right?

Only be gone. We'll go there to later on. Because you got that, eh? No, no, we would talk about this, actually. The $2 trillion from whatever that was a week ago when those checks started rolling out. That was, I was listening to a couple of, I listened to the commentary.

It's like a conservative podcast in the States. And these guys are pretty balanced conservatives. It's not Tucker. It's more like, I don't know, I don't even watch any news. I can't even mention another conservative network besides Fox. But anyway, these guys are saying, like, even the most liberal Democrat didn't think they were going to get that full 1.9. It was going to be 1.6 or 1.5.

They got every penny. And so now you're talking to, I mean, you said we're going to talk about this other money coming down the pipe. There's $3 trillion talked about that's going to be spent or created and distributed amongst people in the month of April. That's separate from the infrastructure bill. Right. Yeah.

Another $3 trillion. This is only just begun. I don't see them stopping at this $3 trillion. And by the way, that infrastructure spending on infrastructure, I don't want to make this into a political podcast. That makes sense. We can do a political minute if you want. Let's do it right now.

But that makes sense. Yeah. These countries like China have been doing this forever building up their infrastructure. Yeah. And look what happened and you don't have high speed trains I know, beautiful airports It's time

They're connecting to Africa Now basically Africa Like it's an unbelievable undertaking these guys are doing now I want to talk about that too That's on your list But that whole Chinese

What is it? Silk Road 2.0 or whatever they're calling it They're going to extract So much resources out of Africa And it makes sense for China It kind of makes sense For the countries in Africa Yeah

But in the end they're gonna They're not gonna Do you know what the most interesting piece about that whole thing is. So you know obviously what the Petro dollar is, right? We talk about that. Petro dollar is the U.S. agreement with the world over that any oil you buy, production you do, has to be settled in U.S. dollars.

Do you know how China is settling that entire Silk Road 2 project? Don't have a clue. The digital yuan. That's coming out this, or it has come out? Digital yuan. And so you got to explain to me if you're a U.S. citizen who is too worried about Bitcoin but instead puts all their trust in Uncle Suss. Sam, how the entire emerging world now, their first taste of digital currency is going to be

China's. And you're going to have a whole heap of problems. We're going to talk about this in just a few minutes. I got it on my list of things to do. But it's not the first time the United States fell short in any sort of race. In the 60s, this happened where in the 60s. Moon landing was fake. Space race. The space race. Right. The Soviet Union was the first to put a living being. Sputnik went up first. The dog. And they put, Lecal, I forget her exactly, but they put up a dog in the space. The United States, we're still trying to figure out how launch a rocket. As an aside, the United States is the most propagandized country in the world.

It's unbelievable how much propaganda goes out there. And it's been this way for 50, 60, 100 years, whatever it is. How is it possible that these guys who consider themselves a masters of propaganda can't put out one decent poster that I want to buy? I would kill to have a poster, a Russian propaganda poster, that dog, like flying into space with a noble look that poster is incredible

all those Soviet era posters are incredible I don't want to go too far I don't want to go too far in the weeds but if you read about what happened to the dog it perished obviously and it perished because I believe it was just too hot so the cooling system failed it got too hot inside

they actually they plan to euthanize the dog in space that was their intention but it never got to that point so it was a one way trip for the dog They could immortalize her all they want. Great, great dog. It really was. Training a dog to go to space.

It was a stray. They found out of the streets. Incredible. It was a good story. But I don't want to go too far into this one. Okay. I'll be another part. I've got to start that podcast too.

Best Propaganda podcast. Soviet Union 1960s. So here we go. So, sorry, stimulus checks. I'm going to make sure this thing's still recording. This thing gives me a hard time sometimes when there's two tracks. So I'm just going to move this computer over the way. All right.

So I can see it. Okay, go ahead. What's the next? What's next on the run? So BidF. Another one. So the very next day. Canadian?

Yes, it is. Out of Quebec. Okay. So they reported their Q4 2020 results. Yes. Keep talking. I get your water. Okay, relatively positive.

It's unfortunately their stock tanked. Just like the rest of the market in that day, it was a very bad day. What is tank? How far did it tank? When I say tank, 5, 10% is a tank to me. That's not bad. So it could be a lot worse. but to me that's the tank.

But here we go. Here's another one, another Canadian-centric story. We have HUD-8. Ah, sticker hot. Everyone's favorite. So they reported... Great tickers in the crypto.

There are. Outstanding. I'm wanting to see the HODL, the hodled. Yeah, where's that? Yes, that should be coming. I'm going to copyright that. Okay. So HUD-8 reported their 2020 financial year results.

This is a big one. They're hoddling 3,233 BTC. What's that? I can't even. even put that into that's about 200 3300 BTC said 3,200 3,200 so 3300 is 238 million dollars there you go close to 300 million so so you know what the problem is for those those companies keep going keep going I want to talk about the Bitcoin on the no no let's talk because the next story I have is is off the bit farm and off the hut so

the Bitcoin balance sheet thing was brought up on a few podcasts when Papa Elon picked up his BTC by the way rumored that What are you on water? Yeah, it's in the fridge. It was rumored that he bought, obviously, the $1.5 billion for Tesla, right? And then also it's been rumored now that space or SpaceX, whatever that company is that he owns, and his personal holdings. All three of those together exceed $5 billion.

Okay. So it was raised on a few other financial podcasts I listened to that because of the gap, the G-WAP accounting rules, you can't account for Bitcoin. Bitcoin growth on your balance sheet as part of your market capitalization or part of your company's value, but you must account for loss when the price goes down. So one way street. Incredible. So he's, that's another thing people were talking about with Elon is that he's just muddying

the waters as much as he can for the value of Tesla. And I don't know if that's true or not, but anyway. So we will talk about that later on, actually. So why would you buy, if you're buying Bitcoin, there's got to be a vehicle you can use. to help you add it to the value of your company, right, in some form of fashion that grows with the asset. Obviously, you have faith in the asset. I mean, you got faith in if you're Tesla, if you're these other companies, but certainly if you're a hot eight or bit farms or big, like you've got to like it. So how do you get it onto your, you're just counting on the micro strategy.

You know, you're counting on that. People will use your stock as an ETF for the coin. Eventually is going to be total transparency here. I mean, you'd hope so. I don't know what's going to happen going forward but it's terrible that they're doing this one way street trying to stack the cards against bitcoin that's fine it's going to win it's only a matter of time it's already won i don't know like why if you're a politician okay you got an aging demographic here that's slowly rotating out of even giving a shit about politics or voting you got kids now who are buying nfts in you know different things on roblox and fortnight and cod and all these different Sign of the Times.

This is really a no-brainer. If you want to win as a politician, this is the way to do it. Embrace this. You're not going to have the Bernie Sanders of the world, the 80-year-old, 70-year-old president. What an idiot. Spearheading the... Unfortunately, you're not going to have these people out there. He's a cabinet member now, right?

He's in Biden's cabinet? I thought he was excluded, but I could be wrong. I don't follow U.S. politics. I don't know. Politics now these days. I don't know. Yeah, I'm not sure. I don't know.

Okay. So anyways, the next story, the BTC, hash rate apparently reached an all-time high. It did. That's okay. Yeah. Of 162 XA hash on March 25th. If that is true, if it's 162 is the all-time high, Bid-F is trying to get to three. So they are a measurable, they have a measurable output in terms of the total hash rate. That's a lot. So I don't want to like, she'll beat Bid F as, you know, being a great investment, but that's pretty good. It's more than 1%, 1% is 1.6, right? Yeah, it's 2.

Yeah, just about 2. So, just food for thought. How much, one of the other, like, among the sort of stupid, previously rebutted fud, is this China mining centralization. How much output do they have over there? Apparently they had up to 70% in one time, but since it's been being reduced, Inner Mongolia used to be a very popular place to mine Bitcoin because of the cheap...

Inner Mongolia. Because of the cheap electricity. It's the flood season place where they can't mine for half the year because it's too wet, they got to shut the miners off to protect them. I can't say, I don't know. I just know that they have cheap energy. Okay. And it's mostly done through coal.

Does Greta know? She's somewhere in the Caribbean on a beach. I don't dare you. Yeah, we want to talk about her. God. So, China, unfortunately, is trying to stop, or they actually are going through the process to stop having miners from Inner Mongolia operate. So now Belarus is one country that's becoming more of crypto-friendly. United States.

We'll talk about that. Estonia's also on the list of... I did not know that, but that's interesting and it makes sense. You know, Estonia also already has stuff like digital passports, digital health care, digital ID. They got all that stuff. They're very progressive. They are the... And they're, I think, the most widely connected country in the world as well, as far as high-speed internet.

I know that because my wife is Estonian, so I hear about this stuff from her mother all the time. Super advanced. Super advanced. Is that a good thing or a bad thing? I don't know. But it's an obvious landing spot for, we talked earlier, these places that want to be big hits the world over internationally with young people. And it's the way to do it. Bring innovation in this way.

Look, it sounds like that they're progressive enough that they're willing to adopt. technology like Bitcoin, to adopt companies like mining companies. This is, you know, that's another one that we could put in their back pockets being Bitcoin friendly. I do, yeah, I do want to, I do want to remember that. It's an important thing. So the next story I have is New Zealand's retirement fund, Kiwi Saver, okay, has invested 5% of his assets in Bitcoin.

I don't know how much that represents, but the fact that they're willing to put 120th of their overall assets, 5% into Bitcoin, means something because generally retirement funds, generally, always retirement funds are for people that are older, that they can't accept any risk. Putting 5% means that they believe that Bitcoin is not risky. The thing that people are discounting about pension funds, we talked about this bit earlier with the 10-year bond rate, 30-year bond rate, you know, some of these places, these kangaroo kangaroo currencies

have like 50 year bonds. By the way, Yellen talk about a 50 year bond at her hearing. So you purchase it when you're 20 and then you could 50 years. Yeah, it's mature when you're 70. It's not a bad deal.

You can take, yeah, like 1%. The thing that people don't realize about these bonds is that the rate is low. Yes, that's part of the equation. Okay. So you get three vehicles

for your pension bond. You got gold and metals, right you got i guess you could count cash in there though they don't keep cash typically i don't think anyways we'd hope not yeah so you got gold uh and metals you got bonds and you got equities equities as you age uh anyone will tell you this you move from equities into fixed income whether it's bonds or gold when you're younger you're all equities you take as much risk as you can those pension funds are only designed for the elderly like you mentioned there is no risk tolerance for those folks, not only that, but that demographic, you know, used to roll over

to put it kindly a little more frequently. Now everyone's living in 95. Yep. Okay. And so that pension fund probably had to grow at 7% percent a year to match inflation and whatever else. Now I bet you that number's closer to 11 or 12 or a higher. And so what are you going to do? You're going to put your money in bonds, 4%, 3% for a 20 year? Maybe. But the fact of the matter is that 3% is not going up with inflation, okay? You got the biggest country in the world, the reserve currency in the United States, these guys, you know, pissing in your ear and telling you it's raining at the FOMC, oh, what's inflation?

It's the lowest it's been in a decade. Yeah, right. Len, you can, you, you, it costs you more to fill your car with lumber than it does to fill your car with gas. That's not right. It costs you more to build a house than it does for you to live in that. The lumber's, I just, when we bought a roof, a couple of, a couple of, you. months ago, lumber was at the all-time high. I was screaming. It's only gone up since then.

And I don't want to interrupt this. This is domestic too. This is not like you're buying stuff from somewhere else. I know. So go on it now. I just want to say this. But you're right though. That's exactly right. That should be cheaper and it's not. Canada's the lumber capital of the world. If not us, we're up there for sure. So the point I'm trying to make is that you got all these different asset classes. You need performance at a level that's only growing in a fun that historically has taken as little risk as possible. These guys are not, they're not wired for this at pension funds. The same way endowments are not wired for this, the same way.

So for them to go from presumably nothing to 5%, that's significant. It's very significant, very significant. And I don't know the demographics of New Zealand. I don't know if it's an aging population. I have no clue, but the fact that you're doing this says something. Without looking it up, okay? They got socialized medicine there like we do.

They probably take care of their people the same way we do. It's a warm climate, so people are probably outside an awful lot. They're probably in better shape than we are. I bet you they have an older median age than we do. That's my guess. If that's true, then having this, I think it only boils you well for Bitcoin. Me too. That's huge.

And that's another place that's never going to sell. What are you selling for? That's the other thing too. What's the turnover when you're turning over your assets, right? It's easy to sell gold and bonds fixed income. the bonds have a time limit on them, for God's sake. When do you sell your Bitcoin? Having a Bitcoin gives you the opportunity to get more Bitcoin because you could use it as leverage to borrow.

That's right. That's a whole other thing. I don't know if we're going to talk about that tonight. That's a deeper dive. Right. You're talking that it's a black hole because this is coins that will never be out in no market again. And it's shrinking the available in the supply that could be purchased. Already it's limited to $21 million.

This is further limiting it. So anyways, to the next topic on March 26th. Yeah. This, I don't know how to make heads or tails of this, but six billion dollars of Bitcoin options expired on March 26th. I don't know anything about options. So that should, and I believe it did, have an impact in the price of Bitcoin. Because since then, the price of Bitcoin has been steadily going up.

So the fact that a great, a large number of options expired that day, took some volatility of the market. What is the, because people talk about options all the time, right? That's a set of, typically it's set of 100 contracts, right? You could buy calls, you could buy puts.

But it's usually, but usually buy them in hundreds. I don't know if it's going to be, it blocks of 100 or higher or lower. I thought you did. Maybe I'm wrong about that. I don't know. I will say this.

I see a lot of buzz on Twitter about options and option expiry in Bitcoin. And it's part of the reason why that's Sunday night, you know, hour there from six to seven or seven to eight now that we're in daylight savings time uh that's it's like a hot hour on twitter they say that the weekend is the most manipulated time but it's also because the markets the traditional markets are not operating yeah so you could have miners manipulate the market by dumping supply yeah that's a theory the pre markets open at that time now is it not not on the weekends

the casino open six o'clock on sunday no no i i believe it's closed saturdays and sundays and holidays and I think it's, it's open after hours from four to eight. On Friday. All time. Yeah, like, I'm saying like Monday through Friday until eight. And the mornings it's open. I think it opens pre-market on Sunday night. I'm pretty sure.

That's interesting. Okay. I have to look at Sunday market open. Okay, so the options thing, there is a conversation behind here because I hear more and more. I can't find this. I hear more and more that, like you said, this options thing is part of the supply. squeeze. I don't know how. It could not just be a supply squeeze. It could go two different ways. You know, you're betting it to go up. You're getting it, betting it to go down. But you have to

lock the Bitcoin if you buy an option. No, you're buying a contract. So it's the, the, it's not the obligation to purchase it. So this is a different thing then that I'm talking about. Preston Pish has been, you know, because I believe these are American style options that that's, okay, so You have the option, but not the obligation to purchase once. But what about, I thought, I could have sworn that part of this was the delivery at the end of the contract meant that you had to lock up the Bitcoin. No, I believe it's just an exchange of funds at that point. Okay. I got to look this up.

Pish has been talking about this on today. You follow Preston Pish? No. He does the, he used to the We Study Billionaires podcast. I have that on my list. I listen to it. He's still part of it. Okay.

But he started doing. a really high level by the way uh that's the podcast for investors at least it was he he was doing this thing every whatever once a week and then on saturday nights he'd put one out to him and state broderson very good show smart guys but pish was really the win in the sales of that podcast and uh not to go too deep into like whatever podcast drama here but you know they would do these quarterly mastermind discussions where they'd get three other guys on and talk about what they were invested in for the next quarter. And his was always Bitcoin. There's Bitcoin, Bitcoin, Bitcoin. And he crushed every quarter. He knocked it out of the park. Of course. Then he started doing the Wednesday Bitcoin

show on there. And now he's off the Saturday show. I don't even listen to that Saturday show anymore. I just don't. I don't want to hear about art. I don't want to hear about farmland. I don't need that. It's good to expand your horizons a little bit. Farmland. Farmland. Farmland. This is going to lead on. Farmland. I don't, sorry. I was actually going to to use that as a segue to something later on but I will not I don't want to

Ken if you want no no no I will talk about that later on okay okay so I have nothing else on options I don't know enough about it

I should look this up maybe we should look at the options volume I'm sure you can find that somewhere absolutely and we'll try and make kids or tails of it that's a good idea

yeah very good okay so next one so for all your nerds out there looking to beef up your gaming rigs only nerds on this show there's a real problem because it's bad news

HUD 8 purchased $30 million U.S. dollars, by the way, of GPUs used for mine. They're going to be using that for mining. So. Is there not a chip shortage? I keep on seeing this a chip shortage. They bought 30 million US. So you know what? There's going to be a lot of nerds out there. They can't play Call the Duty with the newest, latest and greatest. Try to find a PlayStation 5. I don't know what the chip shortage thing was all about. I know there was one.

It still is. Still is one. Okay. It's affecting. So do GPUs, they must have chips in there, right? Sure. They must. But they're coming to the table with 30 million U.S. They're going to say, okay, screw you other guys.

We're going to make it for you because you guys are coming here with a massive check. You know what? When these guys buy, I can't remember where I heard this, but I'm pretty sure this is still the case, that Bitcoin mining software is some of the quickest obsolescence across any software hardware platform in the modern world. It's specific for the hardware. So it's tailor-made specific. ASIC miners, right? Right, application-specific.

So the fact that you have the software tailor-made for that, it's going to be much faster than, say, Microsoft Windows, which is used for just about so many different platforms under the sign. This is, I heard this too, that in the instance or in a scenario where Bitcoin's chain was attacked somehow, 51% attacked, that the easiest, I mean it would be difficult no matter how you slice this, but the easiest and most obvious way

to protect the chain and keep moving forward with the same history would be to fork off the ASIC minors. If the miners were to be the ones that carried out the attack, like in the case of this China concentration, for example, you would just switch to a different algorithm or whatever that terminology is

and continue the chain. I can't speak on this. How could you do it? Did you imagine how difficult that would be? Yeah. Oh, man. I can't speak. I just don't know enough about it.

that yeah you mean you me both yeah I'm just talking to my ass there it is funny though that uh like you don't realize doing a podcast like this for all the time you spend looking at bitcoin related stuff there's still so much you don't know you just don't it's so hard to figure it all out too yeah it's not just that it's also advancing every day too like you can learn a heck of a lot but still what's being created and whatnot as of today and going on oh yeah It's hard to keep pace. No, you can't. It's too difficult.

But what could you do aside from keep telling the goodness of Bitcoin? That's how we're doing this podcast. So I can keep up with the news and talk about it so I don't drive my wife up the wall. So anyway, to keep on the Canadian side of things, there are now 380,000 Canadians that have signed up to shake pay. I did see this story. So that turns out to be the 1% of the entire country have signed up to shake pay. It doesn't mean that they all are purchasing from it. But they all have, because they verify IDs.

So you know what that means? There's 380,000 people that were interested enough to have signed up. Yeah. A percentage of that are purchasing. Yeah. But there's already 1% that thought about it and they got their foot somewhat in the door. Judging by the sharp decrease in shaking SATs rewards, they're all at least shaking their phones. That's the most frustrating thing.

I should get preferential treatment from Shake Bay because I buy their. Bitcoin there every day. That's a good idea. Every day. I have like 20 something referrals. I feel cheated by that. As a percentage of the population, 1% is not that big for almost anything. 1% of the population, you know, smokes dope, smokes cigarettes, drinks too much, beats their wives, whatever that number is. It's one out of 100 people. It's not game changing in any regard, but it's enough with a 21 million supply cap that you're talking about another, you know, slice, chunk, whatever you want to say of that supply being eaten up by people who, like you said, cared enough to go through some of this verification stuff. At the very least, they're shaking

their phones. And probably a lot of them are looking at the price like you and me did three years ago and like, hey, maybe I should buy some of this stuff. I wonder how many of those people also have, say, Coinbase, but I wonder how many people that have Coinbase accounts do not have a shake pay. So it may be 1% that have signed up with ShakePay. Do you have both? Yes. Yeah, I got both, yeah. So there are people out there that have multiple. Now you also have net coins

as another alternative. I've never used that service. Nor have I. We should considering the fact that we have... There's a few I want to use net coins is one Bull Bitcoin is another one that's like not bad apparently or bills, whatever it's called. I forget what it's called. I don't know what it is. It's another one out of Quebec. So... But see, there are others. So Canada, to a degree, they're progressive enough. Which is almost, it's weird to think about, eh? Like, we, considering that back in 2017, you could only buy, you couldn't even sell.

Like, I couldn't sell until I got a shake date. That was a Robin Hood Treatment. Yeah, basically. Yeah, exactly. Yeah, yeah. No, but it was a reverse. Yeah, yeah. That was the Citadel special there.

Yeah, like, you couldn't even sell. And I just think about all the people who were, you know, back in 2017, who started buying and kept buying knowing that you couldn't sell like talk about having stones you know you putting all this money into this thing what was that place you could sell it from it wasn't quadriga was somewhere else quadriga could sell uh that's right you could sell there that's yeah lucky i didn't sell there geez i probably wouldn't have gotten anything out but they ended up solving if he's in fact perished or what do you think well they're still trying to determine he's riding around somewhere nice sandy beach and uh where is he india or something that's the guy

Yeah, yeah, yeah. He's fine. Living it up in Bombay. He's fine for sure. Mumbai. Oh, my God. What a scam. I forgot about that. So I'm not sure if you're aware, but Nigeria has banned the use of Bitcoin. Oh, yeah. Yeah. Cool. Well, who cares? No, this is a case study here. Okay. So the fact that they banned it. Yeah. What happened immediately thereafter was the usage of Bitcoin, it spiked. Popped, yeah. So seeing this a few other times, right? So this goes to show you that governments do not have the ability to stop people from using Bitcoin. And when they do so, when they try to intervene, the usage increases. There's a, you know, the most zealous among us, the Bitcoin Bulls, there's some not insignificant percentage to think the best thing that happened to Bitcoin is the U.S. tries to ban it.

Like really takes a shot, you know, swings for the king. Short term, I don't know what that would be like for the price. but the more time I spend in the space and the more I see stuff like this and, you know, people talking about how this, you know, really is a no-brainer, you got another, whatever, how many trillions, pretty soon you're talking about real money, right? Going out to the public through stimulus, infrastructure, God only knows what else these guys come up with when they're sitting on both congressional houses. The price is only going one way.

And interest, when, you know, the Streisand effect takes hold for people who don't know what that is. You know, you don't know anything about a topic until someone tells you how bad it is. Then you start looking it up, right? And you can't get rid of it at that point. And the inertia becomes too much, exactly. And then everyone's looking up and going, whoa, wait a minute. Yeah, can't be deleted. That's it.

And so now, like, everything is forever. The other thing I keep thinking about, this is not Nigeria-centric, but like in the U.S., Can you imagine like the admission of weakness from the United States government or the Canadian government or UK, Germany, whoever, right? The admission of weakness that will come along with an earnest ban attempt on Bitcoin, we are so afraid of this thing as a currency that we have to ban its use. And they'll try and spin it as some nonsense. Oh, it's involved in human trafficking. It's involved in whatever environmental damage. So is Fiat is king of the pollution, king of trafficking, king of war.

It is the, now I'm starting to sound like an evangelist. But it's the root of so many problems. Sometimes one of many roots, but it's always in the system. And you can't keep telling me that, you know, a lot of people say this too. Like I had this argument with my uncle's girlfriend not long ago. can't keep telling me that you're worried about pollution, war, trafficking, oh, it's dirty money, it's this, it's that. Oh, you know what's used on black markets. A lot of people turn a blind eye to a lot of things.

The only thing, Len, okay, the only thing you need to look at for whether or not something is money is if you can buy drugs with it. If you can't buy drugs with it, it's not money. That's the litmus test. Hate to say it, that's it. That's it. Everyone says this. You can buy a lot of stuff with a lot of things, okay? But if you can't buy drugs, With your currency choice. You're right. I offered a PlayStation to some drug addict. You didn't take it.

They were going to give me something really good. It just goes to show me that PlayStation is actually a hard currency. It's a store of value. So the next topic I have here, which is... Only thing more scarce than Bitcoin, PlayStation. That is hard to get. In November, yeah. So the next one I have here, this is more, not really a story.

It was just floating around Reddit. I found it to be quite funny. Okay. The wife leaves husband. after he doesn't sell BTC when it reaches 60K. Amazing. So he basically traded in his wife for some Bitcoin. 60K, he didn't sell.

She was upset. When did he buy it? Does he say? No, but does it matter if he bought it a 2K, maybe it bought it at a 45K, I don't think it really matters. The fact that somebody's so pissed off that didn't sell at 60, they don't believe it's going to go any higher.

Do you have friends that tell you to sell? No. No? Do you have friends that know you have it besides us and the boys? Yeah, actually, I do. Actually, I got somebody on board. They're going to buy. But they never tell you to sell.

No, they don't tell me anything about that. They basically ask, what should I do? And so, buy, bye, buy. What else is there to do? I have had, like, recently, not run-ins, but like this conversation with friends about Bitcoin, right? And I, it always goes the same way. It's, do you think you're going to sell when it gets to $40,000, $30,000, $20,000, $20,000? Like, I don't know.

I don't have a number in mind. You know, I really don't, I can't. You'll sell when you need it. When it's, when there's no other alternative. When there's a, when there's like something that will like materially change my life for the rest of my life available to me, then I'll think about selling it. But like I was saying to our buddy Dan a little while ago, I think I might have said this in our whatever little hype chat there.

There's a lot of stuff. Like, for example, I'm going to have to pay land transfer tax pretty soon, right? So that's about, you know, depends on how. where you move, but five grand, something like that, four grand, five grand. They're nickel and diming you. So, like, if you're me, okay, I got stock in these Bitcoin equities. I got the big orange underlying asset. I know where you're going.

And then I got stuff like Apple, Amazon, Microsoft, the Q's, you know, what am I selling first? Michael Sailor style. Yeah. Yeah. What am I selling first? I'm not selling. Credit is cheap?

Yeah. Borrow? That's it. And then the money will be worth. soon. So later on, you pay back the more worthless money later on. It's almost a no-brainer. Like, if you can, if you are confident, as confident as we are in inflation continuing to run, you know, like you're saying, the debt is static. It's a static number. Why would you take money out of the stuff that's appreciating and put it into? Unless you're forced to. There's,

there's no other alternatives. But like what would what? I don't know. The lever for that is it's, you know, You'd be living in Squalorland before you had that lever presented to you, right? Like, you'd never be like, oh. You're in a different situation. I could tell you for myself. Okay. Because I have family. Okay.

So when push comes to the shove, when it comes, okay, family, we're going to get kicked out because we can't afford the house. Right. I can sell my Bitcoin. We can save the house. Yeah. It's, it's, it's, but that's like destitution. But for you, you can live in a box. Yeah.

I could, though. But you have an easier time at doing so than somebody like me. Yeah. So it really depends. the point of state where you are in your life and you either are able to adapt or you're less able to adapt. This agility we talked

about earlier, the retailer's agility. So typically the younger you are, you should have an easier time to adapt because you have less things tying you down to anything at which point you should never sell. It is true. The older you are, you shouldn't. If I can go back in time to when we

bought this place, like not that I am glad we bought the house obviously because this thing has been a runaway asset, but you know for example okay i i thought about uh when we're moving coming up uh taking a loan and using it for like a reno right and i honestly don't think i'd have the the sheputzvah to take the loan and put it in anything except bitcoin that's what i did i know you did it you actually did it yeah that's fucking hard there's another dollar it's the michael sailor style it is true though It is true, though. And that guy's doing it with a stronger currency, too.

But he's also doing it with investors. Some of his money, but let's be honest. It's a lot of investors money. The convertible bonds are whatever. That's what people do. I saw another fudster, some unknown blue check. It seems like they're giving those things out like pancakes on a Tuesday nowadays on Twitter. But he's talking about how micro strategy laid off 100 people or 50 people while Michael Saylor was doing convertible bonds, blah, blah, blah. Like, do you think anyone cares, man? You think anyone cares what you have to say, I have this absolute, like this venomous

disdain for blue check Twitter clowns. And I got a no-coiner of the week whenever we get there, blue check Twitter clown. It's just unbelievable. I look forward to this. It's like going to the Mandarin. You can go to any basket of these blue checks and just find what you're looking for. Just clowns all the way down. It's like a Russian doll of stupidity

that never ends with these guys. The Bitcoin exposes it. That blue check mark is a symbol. Unfortunately, we don't have have it symbol of something it's not a symbol of what they think it's a symbol of but amongst them oh yeah it's got cash like it means something yeah so the fact that they have it let them enjoy it but they're gonna tell whatever it is they want and they're gonna have enough followers because they they don't even have some way sometimes they don't even have them though like as i saw this lady got fired from some whatever publication today and she's talking about how it was over her view

on some controversial topic topic shouldn't be controversial but these days everything is controversial and I like whatever went down the rabbit hole a bit and I go to her I want to hear a real story I go to her profile she's got like 2,000 like I got like 500 followers how come I can't get a blue checkmark I don't even this person no one knows who this person is the blue checkmark thing I think this is conspiratorial thinking maybe but it's just the symbol of who Twitter wants me think is a legitimate source of news even though at every turn they remind you that they don't know anything about anything. As soon as you know enough about one topic,

you don't get gel-man amnesia after that. You don't take anything to say at face value anymore because you know they made it up in the worst-case-case scenario or best-case scenario, they made it up. Worst-case scenario, they intentionally misled you to have you believe something they want you to believe. This is blue checks, you know, anyway. I got so much, like I said,

venomous disdain for these people. I really got to get it out. I should like take a boxing or some kind of combat sport once COVID's over. It's going to be better for your house. Or, like, hit baseball. in the park. I don't know. So the next story I have here is this is kind of piggybacking off your China cryptocurrency where they're dropping on me. The CB, the digital you want. Yeah. So the feds

plan to unveil their digital dollar prototypes in July of this year. So it just goes to show you that A, they're trying to get on board on this train. Yeah. But the second thing I want to talk about is how much faith do we have in them doing this without being hacked? Zero. So They're not going to put the best and the brightest on this. No. They're not going to do it with the best of intentions as well. The best and brightest are no longer going to government talent pools. I hate to break it to you. It's true in a lot of different sectors.

Like you're not going to get the best and brightest working for, you know, these guys now are working independently. They're working for places that will let them spread their wings. You know, Fed coin, as it's sometimes referred to on Twitter, the security thing is, is like, that's the bottom of Maslow's hierarchy for this thing. You can't get anything right. You guys had the Equifax hack a couple of years ago. You've had problems with your tax system. In Canada, too, we have the same issues. I'm sure this happens in Europe as well.

And they're going to create a digital currency? They can't do it. It's going to be disastrous. They can't do it. And that's going to also, like, if that happens, and we lose faith in the system, that's going to further devalue the dollars. You're right. I didn't even think about that.

That's like an accelerant that they're not even considering probably. Or maybe they are. It probably made it to like the third line of like the 10th slide in some deck a year ago. Could you imagine there's a hack somewhere? It wouldn't even have to be in the currency. Like, don't forget those currencies, right? Like we know this because we do Bitcoin, you know, we do the Bitcoin dance fairly frequently. But think about what is involved in managing your.

bitcoin you have the purchasing thing right so you get that interface the vendor interface so for them would be whatever the fed interface then you may have an app on your phone that uh you know converses with your wallet your hardware wallet so you got that interface then you got an interface for spending to get that like the the the the depth of this endeavor these guys got to start from scratch they can't do it then i agree they can't do it len we can't even name a fucking bridge without having a year of debate and discourse and protest. You think they can get this right? It's going to be disastrous.

They can't get it right. And we're not going to get it right either over here, unfortunately. And I'm looking, again, like, I'm not a China stand, but I don't know if you saw that. I think I sent it to you that Daily Show, not Daily Show. Oh, yes. Bill Maher. He's the one who said the bridge thing, right? There's a moderate right winger.

Somebody that kind of gets it. Yeah, yeah. He's a conservative liberal, I would say. And so, like, yeah, like, these guys in China, like, say what you want. Of course, they're doing things to Uyghur Muslims that are terrible and doing all these other things that are, you know, sort of completely disgusting. But if you want to see what it looks like to carry out a decades-long plan, instead of worrying about two years in the election cycle, ask LeBron James about China and watch him clam up. Ask Africa about China and look at all the infrastructure investing that's been going on. Investing is a very diplomatic way of putting what's been going on in the third world with China.

Ask Disney about China and see what they say. Nothing, nothing. This is what it looks like to carry out an effective plan, a 10-year, 20-year, 30-year plan. When they want to do something. Dynastic thinking. If they want to pave a road that goes through your house, you better get the hell out. Because if you do not, by tomorrow, they're going to come and tear it down. The roads here.

They do things when they want to get things done. That's right. There's no environmental study. No. There's no consultation with people. There's no slide decks. This is what's going to happen. We're going to get it done.

If you're going to resist, you're going to get run over. It's dynastic thinking, and don't get me wrong, okay? I appreciate living in a place where I have, you know, whatever modicum of influence on political outcomes. But that's good for me and good for politicians to listen to me if they want to get reelected. But, man, like at the speed the world is moving now, these stone. pillars and congressional speeches and you know Biden does 100 days in office during a pandemic and the first question he gets from the press you know you know 90 days in is about the filibuster it's bad it's bad on the press it's bad on the president's office it's bad on

their elected officials it's bad on the mores and standards of that country and it's the real issues you're not going to tackle that attitude spreads like spread like wildfire all over the developer that's why going back to saying when they're going to print money to spend on infrastructure These are actually things which, printing the money sucks, but at least they're putting it in something which is worthwhile. The people will hopefully. But they'll only get, I mean, they'll print, you know, whatever it is, three trillion in, you know, U.S. dollars

and get, you know, $800 billion in infrastructure back. Sure, there's going to be, every second away. You've got to take a cut somewhere. It's unbelievable, man. And like, it almost pains me to say it because you see the promise in Bitcoin 12 years, a bunch of guys who don't know each other who are afraid to give their real name. to each other, working on, you know, GitHub to put this thing together.

And it's completely destroying the faith that the average person has in Fiat currencies. It's just, it's unbelievable. You know what I find to be really compelling here. That's all it took, land, 12 years. And Bitcoin doesn't have a central- I'm throwing my hands up. I'm used to having a camera on the room for the other show. Like, you can't see.

I'm just, I can't believe it. Bitcoin does not have a centralized figure. No. You could say Satoshi all you want, but we don't know who or whom that person, nor that they are. He, she, it, them doesn't, yeah, there's no way. This is running on its own steam here. Yeah. And people like us, there's so many people that are fanatics, this is very rare.

Me and you, me and you are fanatized in our friend group, but we're like, I would bet you were middle of the road. I agree. Yeah. You have a lot of people out there that are truly evangelized. You're like, I'm 100% into this. I know. And you have nobody out there basically leaving. the charge, championing it.

It's done in such a grassroots way of doing things. It's incredible. And this is how things get done in the end. It is true. We have people just spread organically and you have people jumping on board when they hear about it, opens their eyes about the way things really are. Government spending money on frivolous things, on policies that may or may not agree with a lot of us, but they're spending it anyways.

And every time they do so, it devalues the dollar. and it impacts our purchasing power, our pensions, it impacts our way of life. And people are getting tired of this. It's so true. And the pensions thing, you know, hits home for us, obviously, but should hit home for everybody. The pensions, you don't realize how much of your economy in Canada, for sure, is, you know, at the pleasure of CPP, at the pleasure of the public service pension, at the pleasure of the teacher's pension, at the pleasure of firefighters, Coupy, you name it. It's pensions all the way down. Yep.

And if that giant portion of your demo, we talked with this already gigantic and growing as life expectancy expands, if they don't have money, you're in trouble. You're in trouble. UBI. That's right. You're in big trouble. Yeah. So let's see what I have here. So I finished up.

This is good. I'm surprised. We're clipping along here real nice. This is really good. The next. Good first episode. Hey. Room to grow too.

Imagine that. So March 29th, obviously today. So Bitcoin has not been... We made it to today. Okay, sure. All right. So Bitcoin has not been in the 40s for three weeks. That's incredible.

It's been three weeks since we haven't... In fact, sorry, I missed something in an earlier thing. We just passed a hundredth consecutive day of BTC being over 20K recently. Oh. So 100 days over 20K. That was of March 26. Yeah. And today, three weeks since we've seen the 40s.

Huh. We got close to it a couple of days ago back in the 40s. That 50 days. We didn't get there. The next one we have is Visa moves to allow payment settlements using the cryptocurrency. Hold on. We got to do a red book on this podcast. So the red book is something I'm taking from the No Agenda podcast.

Okay. Where these guys go back and forth. And so, like, they'll drop a line like that. Bitcoin hasn't been in the 40s in what would you say? Three weeks. Three weeks, 21 days. And then they'll say, what's the over-under on, like, or do you? you think it'll get back to the 40s.

You do think? I do. Yeah, I would take that, that too. It seems to be hitting some sort of wall. It's getting close to 60. Sometimes it gets there, but then it just settles back down. And you watch the price of Bitcoin. It goes down quicker than it moves up.

It's heavy. It's always heavy. But this, I guess, it applies to just about every asset class. But it's not going to take much to get by the 40s. Doesn't it seem like this thing is, like, I had like a couple of tweets written out about this like months ago. And I couldn't verbalize it. I'll try now.

Now that I'm like in a talking mood and in the mode to think this through. Bitcoin trades 24-7, right? So with stocks, like let's say Apple, for example, drops by like, I don't know, 20% or it's down, it's down like a significant amount the last like a couple months. You just want to let me to drop. There's also circuit breakers that could also in the traditional market does not imply it for Bitcoin. So is it fair? Like, is Bitcoin, the point of this whole, this whole aside, is Bitcoin really more volatile than stocks are? Because it's trading for more time, right?

I see your point. So, like, on average, right, for average per minute price move, it's not really more volatile. It just happens to do it all at once. But on average, that's a really interesting point of view. Is it? I don't know. I don't know if it is or not. Like, I have no way of figuring that out.

And I'm not smart enough to put together some code to do it for me. In the span of one week of Bitcoin, that could be like five weeks. It's a long time on the stock market. Right. Exactly. And that's, you're figuring five weeks of no holidays too. Yeah. So, like, is it really that much more volatile?

No, I don't, I would argue that it's not. I would argue that it's not. And but like, it may seem that way to someone who just trades like in, you know, if you're just trading the cues all the time, yeah, that 10% of day is going to fucking another dollar in the jar. You're going to, you're going to feel it. You're going to feel it. And you just, in Bitcoin, I mean, you feel it the first few times, for sure.

But we've been lucky, right? We started back when it was like 20K, just for 20K, and then dip to 3,000 pretty quick. So now all these violent moves. It took a year and three months to get to. It wasn't quick. Long time. I know. I know.

Long time. And I'll never forget. Long time. February 2018, no, February 2019. A year after the, it was at its lowest point. I'll never forget. Because I was using this phone in my hand I was looking at the price of Bitcoin

and I saw it jump that morning and I sent a message to you WTF. I will never forget that and since that day, BTC's on a bull run. Just been going. Just been going. Because when you take like the and this is something that I think

a lot of Bitcoiners do although some people would probably argue that you shouldn't. Now that I know a bit about like charting for example. You're big on that. Well, it just helps me take the emotion out of it. Like if I can look at the

50 day average, for example, and see that it's 15% away, like, if it drops 12%, I'm still like, okay, well, it's got probably three more percent to drop before I start buying again or think about what the next move is. You're always part of the dollar cost average. You know what do I care? If it starts dropping, like you guys know, if it drops a bit, I'll just fucking hit dollar. I'll hammer, I'll just hammer little buys over and over over again. Every time you do it, you got to throw it a sack.

You got to the swearing stack. No, no, you got to put a sat into the lightning wallet. Oh, we do got to get one of those because I want to do stuff. Thanks, chat. I've got to reach out. I'm working on that. Are you? Yes. Okay. Yes. I got to get a one terabyte SSD hard drive. Tell me it. We'll split it. We'll see if we can do that because it can't be that hard to do. It isn't. It's really simple because it would be sick to have one. It would be cool. Yeah. People just stream us sats.

The only thing you have to do is you have to, you have to fund it. A lightning wallet has to be fun. So let's put some in. I got some. Yeah, I got some. How much do we need? We can't need that much. Whatever it is. It just creates some liquidity in there. Okay, okay. We could do it. This is a project that we'll have to look on. So it's no big deal.

I just have to look at a cheap. It'll just be episode content. Right. That's all. Yeah. Okay. After three, four, five, somewhere along. Yeah, yeah, we'll figure it out.

Yeah. Before you get married. Well, before you get married. I mean, I don't have that much time. What's the, uh, June 12th is a big day. Yeah, it's coming quick. Okay. I mean, this is only episode one.

If we do it every week, it's only like, I don't know, what, eight weeks. Yep. If that, yeah, it's pretty quick. I know it's soon. Fuck, it's so soon. Anyway, whatever. What else you got? Oh, sorry. Keep it, keep these. This is good. Like I said, I'm surprised this is flowing so well. This is exactly the show that I wanted to do, by the way. Just riffing on news and calling people stupid for not owning Bitcoin.

Let's do it. So I was talking about visa moves. Some people, not all people, just people I don't like. Some visa moves to allow payment settlements using cryptocurrency USDC. I hate this story. So you may hate it. This is today. This is today. It is. And this is all news from today. So you may hate it, but what it did, the price if Bitcoin went up a couple of grand right off the back. So it was, for us, if you're holding, great. If you're looking to buy, you got screwed. I'm sorry. I said this to you guys today.

Is this, to me, this is not an Ethereum story. This is crypto.com, okay, which deals in. It's being touted as a Ethereum story. Well, guess what, Len? Those guys were hanging off with your life with crypto kitties, NFTs. They did well with the NFTs. That's not. Who's they?

The NFT makers, some of them did. But Ethereum latched onto it They did They try to They latch on to every fad and passing trend In an attempt to stay relevant

and valuable Ethereum unfortunately It's now It seems to be lagging behind 100% And it's always going to be a lagging behind It should be a $2,000-ish dollars right now

Somebody explain to me I'll tell you what it is right now The price of- 1700 and changed Almost 1800 I don't even have it on my I'm on it I got it right here Okay it's 1811

I got people texting me Today of course Because of this Ethereum news Quote Ethereum news I'll get into that in a sec Asking me Bitcoin went from 20K up to 55 You don't think Ethereum can go to 6,000 Yeah, if BTCs goes to 300,000

It can't go to 6,000 It can't It can't, it will not It's a rising tide theory The thing is to get to 6,000 It's got a triple You need institutions You ain't got them

You got retail, you got crypto kitties, you got NFTs, and a bunch of other bogus nonsense that does not work, is hackable, this defy stuff, maybe that'll pan out. But guess what? They're just going to fork off. Ethereum's been trying to do this at 2.0 thing for like three years that can't get it right. I'm tired of seeing people online with bad haircuts and ill-fitting t-shirts tell me that Bitcoin boils the oceans, Ethereum is better for the environment. as this, as that, these people don't deserve my time or my attention.

Worse, this story in particular is a coin-based story. That, yeah, that's right. It's not an F-Story. It's a coin-based story. But they're not sure to this thing. Crypto.com is a shitcoin casino that sells offshoot alts that you can't get on Coinbase. U.S.

DC is the coin-based tether. This is not an Ethereum. The Ethereum narrative, okay? That shouldn't be in a play here. The Ethereum narrative has never been. We got to get more stable coins. We got to get more alt coins. We got, it's never been that.

It's world computer. It's smart contracts. And now it's, you know, garbage, JPEG stitched together, selling for $70 million. There might be a market. I hate it. Not just short term, but long term. We don't know. It won't be.

For NFTs? I don't know. There can't be. Who's to say? I'll retire from everything. I'll never speak in public again. I'll cut the other podcast off. This one will be cut off at the knees after two.

If they, if they, may I suggest you, uh, put the, put it in the red book. What, what do you think? Okay, let's, let's do. I have no thoughts on this. I just don't want to write it off as being, it's, it's, it's going to have no value going for it. I don't know. I think, like I said, I think to get, it's unlimited. You're right. To get Bitcoin to 60K. Okay. What did we need? Ellen, what did we need? Ellen needed to be like, we needed Musk. Yeah. We needed ETS. We needed all this. Like, We needed tons of stuff. You needed PayPal.

PayPal, Square. You name it, Len. We needed tons of stuff. Yeah. And we still only got a 3x. But as Bitcoin goes up, everything else. Ethereum is led by a guy who's... He's socially awkward, eh?

Like, he's really bright. I'm biting my tongue here big time. Like, he's not the guy you want at the helm, okay? He's got the tweets. defending pedophilia. He's got the tweets talking about how drug users are more damaging than pedophiles to society. This is not who you want to help. Worse, he seems to have been co-opted by people who are more charismatic than him, who have a better knack for getting a little bit of cash out of the unwashed masses than he does. There are some governments that want to have him

on board. And because of that... He's got that picture with Vlad. Yeah, yeah, yeah. I forgot about that. I don't care about that. No, but it's not just them. There's other... There's other... There's actually a really good documentary on YouTube about him being courted. Battalic? Yes. Being courted by governments throughout the world. And one was Russia, but there was other ones. So you have, he's on the eye.

He's under the microscope of some of these countries. They may not be major players in the grand scheme. He looks like an H&M T-shirt model, Lenn. Like, you know, in the model and the T-shirt? I'm with you. I just bought T-shirts the other day. I heard that's your segment on the fuck guy. Come on.

And so the model, that's what he looks like. He's six, three, 130 pounds. You can't trust a guy like that, Len. Fair enough. You can't. We'll move on. And there's no, there's no fixed supply, right? Like, the fundamentals are not there.

I agree. Okay. I agree. I just can't. I want it gone. I just can't categorically say it's going to be. I would sit here and smoke a cigar if Bitcoin dropped to 15K, and I had to wait another three years for it to get back to 60 if it meant that it bled out all these other garbage

tokens. You know what? I would do it That would That's It is a potential That could happen It's been done before

It could be done again And I wouldn't bat an eye If it does happen What's the top 10 market cap Look like compared to 2017 I don't have a clue I'd be shocked There are some new players in the game

Yeah Like the Cardinals of the world Cardano was there in 2017 But it was it a big one It was a top 10 So sushi you mentioned There's some new ones that just came along Oh my Christ

Cosmos I don't even know what that is Like, I'm completely detached from all these other ecosystems. So I'm going to, so what I, I've told you, I'm not engaging with these people. I use a bot. Yeah. Right. Right.

So, you got the, you got the Binance bot. Right. Okay. So what it does, it trades the shit coins. And yes. The shit coins and, you know, the Iota, the Adam. Iota, internet of things. The aunts, the OMGs.

Um, me say, go. So these are all things, you're all, it's all TBT. It's like thinking about my favorite PS2 games so long ago. Yeah. These are blaster in a pass for you. ETC's with 51% of tactics. Yes, it has. That's what ETC is.

It's the hard for. I know. I know. Right? So for me, I don't know what's the long-term impact for these shit coins. But the short-term impact, I could say it's, I'm benefiting from it. Yeah. Because the bot trades, these shit coins, and every day I'll make two, three, four thousand

Sotoshis as a result of trading it. It does it. on its own. Right. So that's why I'm not going to defend the shit coins. I don't know what's going to happen. I'm not going to say they should all be wiped off the face of the earth. I think they're always going to be there because people are always going to use that as a money making scheme. The people that do the ICOs. Yeah. They're there to make money. There's not too many of those anymore though. That ship has sailed for four years. The SEC is yeah. But that was a big thing in 2017, 2018. Oh yeah. Oh yeah. Yeah. So there's a website where you could just

make a coin. Yeah. Remember that? You just plug it in the Neiman, that was it. You could just soft fork anything. There you go, right? Those are the days. Hard forks, sorry. Simpler times. The next one I have here, it's another, these are all news stories from today.

Okay. So Fidelity now extends Bitcoin backed loans through Silvergate. Okay. So Silvergate Bank. Help me with silver. Okay, it's a bank. Okay, okay. We'll be the second lender to extend Bitcoin backed loans to investors who custody their

crypto with Fidelity. So you are now going to have an opportunity. through Silver Bank to borrow more Bitcoin with Bitcoin. So, okay, so is Silvergate a subsidiary of fidelity? Yes.

So you got to give up your keys. They're going to cost to your coin. That's fine. But what this means is there's going to be a smaller supply of BTC. More locked up coin. Yeah, more locked up coin.

Right. The scarcity now increases. Okay. What's the, I used to think block five. and stuff like that was a good idea, which is also crypto-backed loans, where they act as a sort of a go-between between you and the person who borrows your Bitcoin. I like that idea still, but is it sustainable to keep paying out, like, interest on BTC the way BlockFi is and presumably the way these guys would be too? I can't speak on it. I don't know. I don't know.

Like, the other thing that worries me, as much as I like institutional adoption and, you know, endorsement, are we getting too close to, the system we're trying to burn there's no such thing as fractional reserve that's the thing that is the it doesn't exist it's the last bastion yeah yeah okay it's not going to be instituted in this system there's no way they're going to try to find a way for sure

they're going to try for sure they're going to try yeah the virus will try to come in and you know what we have now it's going to morph into something else this is not the end result as long as it keeps that 21 million that's part of the that's really the you know that's the virgin birth right

Well, we actually have a virgin birth too, but the virgin birth is like, you know. So what we have here next is... I'm not sure you heard about the Oakland A's. I did. I did hear this story. I like this story. This is good. This is a good story.

This is a shoestring budget franchise. So it's interesting that you're doing this. Influenced for Moneyball. That's a really good movie. Yeah, a good movie. Great movie. I haven't read the book. Great movie, though.

I can send it to you. Okay. So they plan on hodeling their BTC that they obtained from the sales. Love this. So again... Love this. More BTC that's off the market. Yeah.

And this is another one. Not really a story, but more of a thought. They're saying that boomers are next to adopt crypto. Yeah. We kind of touched upon us briefly with Morgan Stanley and whatnot. Yeah. They're saying that's a trillion dollars that could flow into BTC in the next year. This is from where?

This is just a thought. Oakland days? No, this is totally separate. I want to, wait, I got some on Oakland days. Go on, yeah. Okay. Jason Giambi. Old school.

The A's are one of, like you said, not cash strapped, I mean, it's a pro franchise, but cash poor in that league franchises, probably in North American sports, maybe in the bottom third, we'll say. Is it possible that you start seeing clubs accumulating now that you have guys that go Coombe getting paid in Bitcoin in the NFL? I don't know if you saw Sequin Barclay talking about that too. You know who Segoon Barkley is? Absolute beast star running back on the Giants. Like he was like a top three pick two years ago or something like that What's he saying? He's saying the same thing

He's working with Mallors This is good You're getting more people? So is it possible that you start seeing people hold If you're a club, I should say a franchise Hold to pay Maybe Maybe this is what Oakland anticipates

That people are going to be asking to be paid in it Buy it now on a cheap Or selected now in a cheap Oakland's a different animal altogether Don't want to really talk about Oakland A's down much They got it in the DNA though. It's beyond that they have the oldest ballpark, not the oldest, one of the shittiest ballparks

do they? Dollar in the jar. It's outdated, it's cavernous, it's not suited well for modern day baseball. Yeah. It should be torn down and something else rebuilt in this place. The coin base stadium. Sounds like a plan. But they're not going to be able to do so.

They may end up just picking up their bags and going somewhere else. Yeah. So there's already a number of teams on the Gold Coast there. They're just across the bay from the giants. Yeah, they have had World Series in 1988. I was born in 87, so I don't remember that one. You'll have to let me know who filled up the stats sheet for that best of seven. Yeah, it was 88.

Why is it that more sports teams are not going to start doing this? They are. I can't see them why they shouldn't. They're going to. It only makes sense. They're going to. You know, these sports teams, a lot of them, heck, we have Mark Cuban. Yeah, I know.

He's already invested in BTC. He's another guy who tried to pull this. Oh, I don't like Bitcoin, but Ethereum. No, but he's also talked about both. He's been pro- He holds some because of the Mavericks. Yeah, yeah, yeah. So weren't he doing something with the Mavericks,

purchasing of tickets through? They did this. Doge? They did this, yeah, Doge promotion like a month ago. Yeah. But they can even have anybody at games? Like, I don't even know what they're allowed to do. They're in Texas, so they probably can.

Yeah. Yeah. I don't know exactly how many. In fact, the Blue Jays are opening up in Texas. It's in like two weeks. And it's going to be a full house. Exactly. Good.

Good. COVID corner. Guess what? Lockdowns don't work. These places that have had no mandates for months are doing fine. There's not bodies piling up in the streets. I had to put on a mask to come in here. Open it up.

We're ready. I agree. Yeah. So in terms of the news stories, Joy, unfortunately, I'm now tapped. I don't have anything else. Let's go to the weekly. Well, you got one more. I got actually a question, not really a question, something to give you some more information.

Okay. The price history of BTC. Some color here, okay. Some price history. So on this day, yeah, right now BTC is at. I'll close this because I got Trading View open. Well, okay. What do you think BTC is right now?

Well, we just said it's, what is it, like 58? It's 576 right now. Okay, yeah. One year ago today, what do you think it would be? Ooh, this is right in the sort of height of. of uncertainty. Yeah. 4,500.

6,200. Wow, that high. Two years ago, 2019. Remember, we talked about February 2019 is when the invite started. Probably 4,000. 4,000, yeah, 476. Yeah.

2018. We're still starting to decline. 2018. 2018 was just after the Coinbase thing. This is March, I don't know, 6,000? 7,600. Nice, okay. 2017.

Now we're kind of in some orange-sharred waters. It's not in the media's radar. 2017, though, was before I bought this time. This is about six months before I bought my first. We're talking March by December hit the first. 20,000. Yeah. 1,000.

Bang on, 139. Yeah, nice. A year before that 2016. 400. 420. A year before that, 2015? 80. 237.

That's all I have. I went pretty good there. I went a couple layers deep before. So we'll have the same thing next week. Okay, sure. I like that. That was good. I'm always surprised at how much I know about the price because I look back at these charts

sometimes just think like, holy man, if I bought back there. Everybody says the same thing. But the Kaiser effect, you listen to... Max? Yeah. So they were talking about all the people that bought into Bitcoin initially. A lot of them, they've lost it through hard drives going corrupt, like that guy that lost it in the landfill.

Which guy? It seems like that story comes out once a year. This one was pretty big. It was a varved Bitcoin. The password guy? What about that guy? You don't know about that guy? Encrypted hard drive.

Oh, yes, he's got his last... He's like last two guesses. He's like, he's dead. But then you also have Mount Gawks. Yeah. So a lot of people that had... Quadriga, Gawks. Yeah.

They just unfortunately lost it. So it is what it is. The dust, like think of all the Binance dust, probably tons of, you know, I know. You should check to see what you have there. I don't have anything. Oh, the bot would make you millions. I honestly don't even want to log back into Binance. Because if I do, I'll just be like, oh, yeah, I'll just let the bot do its thing.

This chart, this chart looks pretty good. Denta coin looking like it's primed up for a bot, of course. The bot actually. It's revolutionizing dentistry. You didn't know. No, it's not dentistry. I thought it was. It's something else.

Why is it called denticoid? I don't know, but it's something to do with block doing cryptocurrency for the internet, like making the internet into a crypto. What a joke? I don't understand. But yeah, look, see, this is my bot actually made three trades today for me. You should get on. It just, it does it for me.

Send me the, you need a raspberry pie or Amazon. I got to get it at a Raspberry Pi because everything I want is on Raspberry Pi. You could also use Amazon. In fact, they give one year free. Yeah. Of using their, what is the AWS thing? Yeah. They'll give you a Linux environment for one year for free and you could do whatever

the heck you want in that. Really? Mm-hmm. I don't want to give Amazon any inklings into my crypto activities, though, even though even though they probably already know everything about me. That's it. So, you know, I just touched upon something. How long before Amazon gets on board?

How long before Apple gets on board? Google, maybe not them. Apple, I think in the next iteration of their iPhone, is going to have a hardware key. It only makes sense. Also, we've talked about this privately. They have more money than God over there. Why not Amazon?

Purchasing anything through Amazon with BTC. You know who Amazon's new CEO is? I know that Beezel stepped down. I didn't look into... Papa Jeff stepped down. Their new CEO is the guy who, basically pioneered and has been running AWS. Oh yes.

So if there was ever a guy who was friendly to that kind of environment, it's him. It makes sense for them to offer clients the ability to purchase goods with BTC. I think so too. And then they'll hoddle it forever. The custody thing. Why not do custody with them? That, you know, like they

sell some of that product already. Another one, Netflix. Netflix? Netflix, you mean? So why not for them? Purchasing monthly subscriptions or yearly subscriptions, Instead of using U.S. dollars or whatever occurrence to you, BTC, make sense. It's all done electronically.

I don't want that. Like, I don't care about Netflix, and I don't really care about Amazon either. I care now about, I care about Google, I care about... They're the least likely to get in. I care about Google.

I care about Samsung. Oppo and those guys. I care about Apple. I care about people who can put a hardware key in a secure environment in a phone. So Apple probably already have done it with the Chinese digital currency. did it a few years ago.

But Samsung's Korean. Apple, at least the digital currency that China's coming out with, it makes sense for them to... So Apple probably won't. I don't know. At least they will have functionality already built in the phone

and they've proven the concept works. You can get, like if you get an Apple phone and it had, or any kind of phone, yeah, had the hardware key to replace your ledger basically.

Like, would you do it? No. I don't know if I would either. Unless it was from a company, like, if it was from Apple, No. I wouldn't want to keep you. I'm not saying you put all of it there. Oh, just some? Your day to day. Like your transactional BTC, right? Like you throw some on there for your Sphinx chat. You're like you stream through a podcast. There already exists some, some software that you get. I know I had one. You can get really good, secure, polished from a UI point of view, lightning wallets. Yes, that's a different. Yeah, different thing. Right. But they don't have the Bitcoin wallet on there. Like even the Ledger Live app on your phone. Like I don't have it on my phone. I don't have it on my phone. It's just, it's not functional. It doesn't do anything.

Using BTC, like in its current state, without using lightning, for day-to-day purchases, doesn't work. No. Lightning works fantastic in that environment. Lightning actually, it's tailor made for that. Second layer, yeah, second layer is the transactional whatever. That's the, you know, the great white hope for transactional BTC. Actually, I saw a bunch of stories about that today because most of the people that I follow on Twitter, obviously, Bitcoin Maxis, and they're all saying the same thing. Like, do people really think this USDC thing?

with crypto.com is going to be better than second layer. Like, it's not. And you haven't seen the one video Jack Mallors has where he's like streaming stats to a guy who I guess did some work for him on fiber or something like that. And it's coming through like every second. It's a terrible, isn't it? Holy shit, man.

Like if you can pull that off. The way it was described to me. And it's secure. Security is important, right? Like, I don't know how security and stuff is I'm not a tech guy. But if it's secure, that's a,

that's a world. application for this thing. And I'll never forget the way it was described to me and it never truly clicked until this was told or said and I listened to it. Yeah.

Where Bitcoin is TCIP, yeah. Lightning wallet is H-T-T-P. Yeah, yeah. And to me, when I heard that, it makes so much sense that it makes so much sense that it's a layer

on top of an existing protocol. Yeah. And it makes it easier to actually exchange. It's the play layer. Yeah. Yeah. Yeah.

So I think that there's I like that. It's really good. And I think, I think with the lightning wallet, it makes things a lot more easier for people to actually exchange Bitcoin for anything. What's the adoption curve going to look like on that?

I don't know. That's a problem. I'm not a user. And me neither, right? If we can't do it, I was going to say, if we can't do it, then we could figure it out.

But like, I, the incentive for me to figure it out has not been presented yet. But who's to say that somebody's not going to come with a very, very polished, as you say, user interface. They just do it.

Don't know. Yeah. I don't know. We're talking. You know, 30 years ago, getting on the internet was much different in it was today. And I was there when you had to type in, tell them, when you type in links. I remember the free net. Remember that?

I was using it before you even had. I was locking into a Unix system and you had to use Unix command to actually do anything. It was a different way, very, like, crude. I don't even know what Unix looks like or, like, I've never even heard of that environment, Unix. Linux? I know Linux. Is that it? No, it's kind of, is it. Unix is Unix, Linux is Linux. Programs can be used interchangeably,

sometimes between the two of them, depending how it's compiled. Yeah. So I've never done that, obviously. Yeah, it's a little bit of a higher level. I do learn how to use Napster on my own. Napster's good. What's that worth? And is, you know what, Napster is the U.S. dollar, because it is the centralized way of exchanging information. Yeah. Bitcoin is like, exactly. I try to explain that to people all the time It's like Torrance where you shut down one node But it's not enough There's always going to be another one that pops up

The incentive to pop up exists right And there's a lot of good Bitcoin citizens out there I gotta get a node That's one thing I'm gonna do and go through on this show Is getting a node set up Because I've been meaning to do that I have to become a first class Bitcoin citizen I don't have one

You have a node at home? No If I'm gonna go sort of process of the a lightning wallet i believe the node go hand in hand you need both i think so yeah yeah i'm i will have to learn that okay and i will be happy to do so let's do it in the meantime i'm working on a twitter bot once i finish that i'm ready i'm ready for that and i can go to the next one i'm ready for that yeah so it's i'm now i'm just curious go to the next topic bit coiner of the week i didn't really think about one for this i i then if you don't have one i have okay go go

i got a no corner of the week ellen musk bitcoin or the week and a reason why i'm choosing him. Why? Because this... Papa Elon can't be used as Bitcoin weeks ago. This week he announced that Tesla will allow for Bitcoin to be purchased or using Bitcoin to purchase

Tesla cars. To me... And they're holding. They're hoddling it. So that made the price of Bitcoin spike. More than anything else, I think. Maybe this recent visa thing, but I can't pinpoint a single person that's tied to that. So I'm going to go with Ellen Musk as being

the, uh, my bit coiner of the week. Do you know who my no coiner of the week is? Go ahead. Okay. Did you watch the, uh, congressional hearing last week, Jack Dorsey? No, I saw the picture that he had the clock. So he had the block clock. Yes. I got to pull this up. I, because I don't know the guy's name, but, uh, in keeping with the theme of my visceral hatred for uh, the blue checks. Yeah. One of these, one of these clowns put up this long reply thread to a picture of Dorsey and the clock and oh yes I saw that you sent it to me he was making the case that Dorsey had a clock behind him with the time Moscow time Russia and is some kind of Russian nod to Russia and Russian interference like these guys are lost man they are lost

that's a good one that's a really good no coin I can't believe and then this guy has the audacity, you know, the, the, the, the, like this unknowable, stupid naivete to say that, oh, I'm getting a bunch of mentions from people who don't even entertain the possibility that they could be wrong about what that clock is. He's talking about Bitcoiners saying it's a block clock. Like, no, man, we know what it is. The guy who's not entertaining that he could be wrong is you. It's you who are not. You know what I find really sad? And I actually do find a side. I got to find this guy's name. Keep talking. The fact that he invested, that amount of time to input those words on his keyboard because it wasn't just a simple

tweet. As you said, it was a long thread. It took him time to think about what he had to say and to write it down or type it into his computer and press the send button. So there was, through the whole process, he was thinking about it. This wasn't just a spur of the moment thing. It just like, you know, it's just a reactionary. It blows me away that people like, okay, even if you knew nothing about Bitcoin, the block clock thing was pretty big news on the internet like dorsey was trending for me at least on my on my Twitter feed so even if you knew nothing about it you would at least know after seeing that this clock was something that you could touch was tangible so you look into it a bit if you saw that this thing

was a block clock and you thought yourself like oh why didn't this guy know that you're going to listen to this guy on any other topic ever again he has a blue check mark how did you spin so hard into Russia from a block clock. They're still on that horse. How is that possible? This is an argument that they're going to carry to their grave. It's not just Russia and Bitcoin before it was Russia and Trump. So they're going to just carry on with this narrative.

The guy's name is Chris Vickery. And then this guy has the nerve. Talk about not being willing to put the shovel down, okay? The best part about trolls trying to talk to me about Bitcoin is that I am literally Mount Gawks creditor. Z1-101-485. Try again, boys. So not only do you not know what the block clock is,

you also couldn't figure out how to secure your coin and you got it nabbed from you with a bunch of other plebs 10 years ago. He's probably pissed that he had some money on Mount Gawks. There he is. Look at him. And again, look, ill-fitting Oxford collar shirt. It's always an ill-fitting Oxford. Why?

Why is that the uniform of the ill-informed blue check? I can't see it. Help me with this. Come on. This is quality stuff, man. With the tinfoil hat and the block clock on Sputnik. Incredible. And Bernie Sanders in the back.

Why not? I just, it blows me away, man. It blows me away. The second he pressed send on that, he made his picture meme worthy. I just, oh my God.

And then have you seen the Bitcoin salt to buy ratio detector? No. So it says like this, it's like a bot or whatever. Chris clock's under the 10, which puts him at a boat, roughly $10 million Bitcoin price when he does his first Bitcoin buy. It's amazing.

I don't know if it's true that he is a Mount Gawks, like he was one of the people that were impacted by that. I can see him being pissed off. He is pissed off for sure. How much Bitcoin did he have then and how much would it be worth today? Do you know what this guy's Twitter bio is? Just to continue to rag on this guy. Go ahead.

Data breach hunter. Okay. I don't know what that means. Mount Gox. He's a larker, sounds like. Director of Cyber Risk Research at Upgard. What is Upgarde? I've never heard of it.

Certainly not a company. I will be giving any money to or patronizing in any way. If the guy who's in charge of cyber risk research... You may be indirectly giving them money. They could have government contracts for all you know. They might have won't have been on something. I can't believe... Honestly, I saw this.

I was like, to be... I'll level with you. I was on the cam when I saw it. And I was doubled over. Like, you got to be kidding me with this. For every one of him, though, there's probably a bunch more hidden in the bushes waiting to come out. Like cockroaches, these guys.

That's what they are. Oh, my God, unbelievable. So my no-coiner of the week, and I think... What an idiot. God, I hate that guy. The reason why I think he's the true no-coiner. Okay. Historically, he's been against Bitcoin.

Are you going to say Schiff? No. Okay. He's low-hoyner of the week every week. It's low-hanging fruit. I'm not going to choose him. You touched upon something earlier today. Okay.

Farming. Yeah. Farmland that I will never invest in. Well, at least not through an ETF anyway. If I want to buy some farmland, plant some raspberries, maybe I'll do it. There's a connection between farmland and this guy. Okay. Bill Gates.

I got a problem with Bill. I said this and I knew for sure you'd go on a tangent. I got a problem with Bill. I'm going to turn off on Mike and let you go on. I got a problem with Bill. Listen, I'm not a COVID conspiracy guy. I don't think it's a, you know, it's not a, you know, it's not a, you know, it's not a mystery to people who know me that I think lockdowns are misguided policy position. That aside,

okay? I don't need a guy opining to me about health, okay? That looks like he's, his head, you know, his head looks like he's a bruised watermelon and roll around the trunk of his car all summer. He's mummified. Like, come on, man. Telling me all the time about I got to do this. I got to do that. I got to do it. I don't, I'm not taking hell device from you, dude. I'm not doing it. Okay. I'm not doing it. So when I see this guy talking about like, oh, we're going to solve. all of this problem, not problem. Like, do people not remember what happened with this guy in mosquito nets? No, I have no clue.

Like, him and his wife gave like mosquito nets to the third world. This is the 90s, 80s or 90s. Probably later than that. I guess he would have to have some money to do this kind of thing. He's had it since the mid-90s. He's a millionaire early. We talked with some of the other podcast. But he was filthy rich by the mid-90s.

Yeah, he's stinking rich, this guy. And so he, you know, he's got all this cash. And he does a mosquito net campaign drive or whatever in parts of substair and Africa, misguided, I don't know, but the nets were treated with this sort of anti-mosquito solution. Len, what do you think happens when you drape anti-mosquito solution on a bunch of people for weeks and months and years at a time? That stuff kind of... The gene pool thins out, it thins out. It kind of gets into your pores. There was problems over there. And, you know, I don't know much about this guy. I remember... It might have been a different time, too. Maybe, you know,

I think he was involved as well in the Zika vaccine. You'll remember that. That was, you know, I don't know how that turned out. I suspect not well. I'm not going to opine or discuss the merits of the COVID vaccine. I will more than likely get one whether I want to or not. I'm just saying that this guy tells me a lot of time, you know, spends a lot of time telling me that I got to cut back on my footprint, cut back on this, cut back on that.

Now he's the, you were going to say this, I'm sure the largest owner of farmland in the United States. I'm sure that Bill Gates is not taking greyhounds everywhere. I'm sure he's flying private. I am 100% sure that Microsoft has had more negative global carbon impact than almost any company in the history of the human race. And until this guy starts to face some of these demons and answer questions from someone not named Hugh Downs, Barbara Walters, Scott Pelly,

they're all just... Anderson Cooper. Lobbing them softballs. You know what I mean? Like until these guys quit slurping at the altar of gates And he takes some tough questions I'm not interested in hearing with this guys to say I'm not

That being said Am I Microsoft investor 100% Because if he's going to destroy the world I'm at least going to make a couple bucks off it Absolutely so So I knew number one I knew when I said his name There would be a response to number one

I don't like that guy Number two Do you not feel intuitively Like you've ever met him But when I see that guy on TV He's squirming in his ill-fitting buttoned down shirt. Once again.

He's always squirming. He never answers a question, honestly. He's constantly playing with his hands. I'm not a body language expert, but... He's not meant for standing on stage and talking to crowds. He's been standing on stage and talking to crowds for 40 years. He might have been doing that, but this is not in the very essence of his being. Where's the training?

Can we get this guy on testosterone replacement? Something. You could train this guy all you want. This is not... This is the guy that was sleeping under his desk. literally was sleeping under his desk creating code so that's where he should be doing

well that's what he should have been doing eventually he made enough money he didn't have to do that anymore now he was the face of Microsoft he had to stand on stage that wasn't him but this is what you got so now I going back

number one I knew you were gonna I was gonna get a reaction by mentioning his name number two he is a no coiner but Microsoft did this week announced that they're allowing to purchase of Bitcoin, I believe, or using Bitcoin to exchange. So his affiliation with Microsoft is kind of, he's kind of separating from them.

He's arms, he's arms, like. Yeah, he's no longer. He's the Bezos model probably for after you leave the CEO's office. He's had two of them since then. And now the current dude. I don't know who the guy is. Yeah, so they, Balmer for a number of years. And so this guy is, is it the Indian guy?

No, Sanjar is the Google guy. Yes. Yeah. But I believe it's another gentleman from India. Is it an Indian guy? I believe so. I only know Balmering Gates. I don't know who the new guy is.

Yeah. Okay. But apparently what he's doing is phenomenal. Okay. Because he's putting a lot. It's all azure and teams and... Look at their latest Xbox. Yeah.

I'm a PlayStation guy. Yeah. But their latest Xbox is a home run. It's a fine piece of hardware, is it? Maybe not, like, I think the PlayStation is pretty damn good too. I think they're neck and neck in terms of hardware. But the software they're bringing forth, Outriders. Yeah.

Free. I know. So there's, and that's just not... There's a hundred. If you get GamePass Ultimate, you're stacked with so many games, really good games. And they're only making good decisions. Like in terms of the Bitcoin, this may be a Bitcoin thing, but, you know, they're trying to or at least discussing buying Discord for $10 billion.

So I don't know if you ever used Discord before. Oh, yeah, sure do. So Discord is like, that would be a pretty crypto-friendly platform. You can already send things to people on that. I don't know if you can do coin, but I know Discord has a lot of botting options. So the, you could probably build a Bitcoin bot or something into without too much difficulty. So my Binance bot that I've downloaded and used, their official chat channel is on Discord. Man, I used to record the, when I was doing the O'Shega podcast a couple years ago, I was using a bot to record because I didn't have Zoom.

I didn't know what Zoom was, right? And I want to record local audio so that if they had a mic and I had a mic, it got both quality audio tracks to merge. And I had a buddy in mine, Dan, actually from New Jersey, you'll probably listen to this show. he wrote me a bot or helped me write the code for or helped me code like a bot that already existed to do what I wanted and it was seamless like seamless man so you're telling me discord isn't friendly to this kind of thing probably is yeah yeah the winds are blowing towards Microsoft accepting crypto slash Bitcoin yeah so that's why I had some reservations with selecting Bill Gates as the no corner to week but I just had to and next week will come up with

somebody even better. What about, those guys are like, again, in the spirit of Bill Gates sort of wrecking the modern world, at least in the heads of some, I won't say whether or not I think that, although everyone maybe already made that inference. The thing I see is that he's working on voting machines now, right? So is there a blockchain application there that he maybe is looking at and thinking, is that like a crypto-leaning? I believe so. Is it? I hadn't really thought about it just now. But now that you're mentioning, this other stuff, thought, okay, the voting machines, the voting machines is really why I bought the Microsoft stock, because I'm positive that this guy will get that contract. And these are not my own

thoughts. He's what I hear about potentially rigging elections. Yeah, who knows? Who knows? I really don't know. I mean, you can pretend, we can all pretend that we're living in this world where like elections are not slanted, especially in the third world, right? But, uh, I heard the local president of where we work with, don't even bring that up. Don't even bring that up. That was a process. The, the, no, but those voting machines will come with a lot of responsibility and there's, I think now more than ever, as much as I, I don't agree with a lot of the green transparency and production initiatives, this transparency asks that's becoming more and more relevant now for the mainstream is going to come to elections at some point and that's going to require blockchain, I think. I don't know what that looks like, but I don't see it going a different way. I keep, I've seen this application brought up for the last three years, four years. You know what I mean? So maybe that kind of, you know, is he wet his toes in that? His disgusting wrinkled toes?

I don't think he's... His vegan toes? I think he's not... How much kombucha you think that guy drinks? What is that? Or kombuko, whatever that stuff is. It's like fermented rotten lettuce or something that they try and pass off as healthy at. I don't know.

No, I don't think that... Or something that's bad like that. His focus is on other things. I think what's happening on Microsoft, he's not really involved. Somebody else is doing that in... Oh, yeah, yeah, yeah. He just maybe is rubber stamping stuff. For sure. For sure.

He's still... Remember, this guy was hated. He may be hated by you, but he was really hated by the masses 25 years ago or so. There were times you could see video where they threw pie at him. Really? Why? He was hated. Windows was viewed as the devil.

He was anti-competitive. Right. Every computer you had to have it. There was no way to get around it. You could have used a Mac, but trust me, during that time, it was a laughing stuff. We talked about this. We talked about the antitrust stuff for Microsoft and how it related to the Apple antitrust suit and the Google antitrust suit. And the problem with Google that Microsoft sort of helped overcome was, like, you don't have to use Outlook if you don't want.

We'll include it, but you can use any email you want. The problem is everybody used Outlook. The same way that, like, you know, people get mad that no one's searching Nike for shoes. They're using Google to search. But you can use Google search for Nike if you want. You're just choosing not to do it. It's only one click away. You just choose not to do it.

It's not a Google problem. It's a consumer reach problem. Yeah, anyway, not Bitcoin-related. But, yeah, Bill Gates, no-coiner, but he, you know, he's got room and change in my mind. He could do it. He could do it. If you start saying the right things about...

No, he's on the path of being your villain, number one villain. He is on a war path to become the person I probably don't like the most. I can't see him changing his ways. Come on, he's getting older. He's going to continue doing what he's doing. I don't agree with a lot of stuff, though. Like, I don't agree with some. the stuff that other major figures do. But I don't think other major fingers are as disingenuous

as that guy. Like he's an obvious, like, he's like just a squirming mole rat every time he gets on TV and it's, it rubs me the wrong way. And what you see is a squirming roll mat. Roll mat. Mole rat. Whatever. Other people see him as a savior. I can't believe that. He's going to bring clean drinking water to some far outpost in Africa. But he's been doing that. for like 20 years how many outposts you have left who can you continue when's the review obviously it's it's not you know like when is it how many i keep on hearing these stories like the bill of millinda gates foundation right and he'll just keep doing that anyone knows anything about foundations knows it's just a tax wash like this is a stuff i can't i've been donating to

the clinton foundation i'm sure yeah you're their biggest donor yeah really you send you a man do you're telling me that it's it's it's now it's insane it's insane that people trust this guy i I'm going to pull out all my money and put it in Doge. Yeah. That's it. Better than Clintons. Is that it? Are we done?

I believe so. That's the end of the show. If you have anything else to bring up. I have no further comment. I will say that how often you want to release this show? Once a week. You want to do it every week? Yeah.

We can do it every week. Yeah. Deal is too much for once a week is fine. I could rip. You know how long that was? Two hours. Oh, yeah. You can see the clock behind.

No, I'm just getting. It's blinking. Two hours, ten minutes. Yeah. That's good. That's solid content. That's, you know... That's a dense two hours.

Yeah. Okay. Well, that's it. Just wait until we bring on some guests, that two hours will turn it to five. I'd like to get a guess in here. We got enough friends that do Bitcoin, so... But a lot of them want to stay anonymous. Do Bitcoin, like they do drugs, do Bitcoin.

So we have to bring in Mr. G, Mr. H. Mr. H, Mr. H, Mr. W. Yeah. Yeah. If the distort their voice... We've got to get a sponsor. I'm going to put this on the Bitcoin Plebbs, uh, uh, Discord, or Telegram chat. May I suggest a few names?

the obvious is shake pay for what shake pay would be good we have I have a promo code for them already I would like to get them to sponsor this show again that's these are just natural sponsors that should get them work we know a guy who talks to bins

so we got it in that's it good night and God bless take care everyone