The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - THE STRATEGIC BITCOIN RESERVE, IMF VS EL SALVADOR, CANADIAN DEFAULTS | THE CBP 205 Pt 1 (Bitcoin Podcast)

Episode Date: March 4, 2025

FRIENDS AND ENEMIESThis week:What's In The Strategic Crypto Reserve? What's Happening In Toronto?Is the IMF destroying El Salvador?Liberals Choose Their New Leader!Zelensky vs. TrumpAND MUCH MOREJoin us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - ⁠⁠www.easydns.com⁠⁠ EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for $20 bones, and take advantage of all Bull Bitcoin has to offer.

Friends and enemies, welcome back. Canadian Big Horners podcast, Ninja Launch, 6.54 PM. Nobody here yet. Here comes people. I can see them piling in. My name is Joey. That's Len. Buddy, how are you?

I'm here. I'm more than a nobody. I'm good, Joey. I'm very, did you know that? I mean, I don't want to talk about the weather, but I just do want to. You know, it's this morning. It was freaking cold.

But then throughout the middle of the day, it just got nice and warm. I mean, Canadian know, it's this morning. It was fricking cold. But then throughout the middle of the day, it just got nice and warm. I mean, Canadian warm for this time of year. Spring is in the air. Could you feel it? Can you smell it? Can you smell it? I am ready for it, man. My dog is ready for it. I told you, I think last week, or saying to Mark last week in our chat, it's like for the first time in months now, I get up at six in the morning and I'm like, man, I can see the sunlight. I get to my back door. I just take a step outside. It's nice. I love it. I'm ready for spring like everybody else.

Like six, 20-ish, six, 30-ish, the sun is peeking up a little bit and you could kind of see some daylight. It's beautiful. Totally. Yeah, it's whatever. It is what it is. Joey, what a week, eh? What a week. What an interesting week we had. What a week. We got a lot to talk about. Let's hit the sponsors first. EasyDNS, the friendly neighborhood registrar. Mark has been a friend of the show for a long, long time. And I'm going to pull up the website here as we maybe change the presentation of the sponsors.

I don't know. I'm just making stuff up as I go. But Len and I have been using EZDNS for a long time. We've been using it for our website and also for our IwantBitcoin.ca link which you guys are using very frequently. Mark has everything you need when it comes to Domain CC. Here you can register domain with EZDNS. Super cheap. It's like 20 bucks a year which is basically nothing. Not to mention they have all this great stuff. Easy Mail, Easy Web Hosting. The WordPress stuff we use on our website. If I ever get around to writing something ever again, we'll continue to use it. And then of course, money back guarantee. Not that you'd ever need it, but look at all these websites that are using Mark's services, including of course the famous Zero Hedge. And then also on top of that, if you are a Bitcoin enthusiast, is it on

here somewhere? I don't know. If you're a Bitcoin enthusiast, you can use EasyDNS for all your Bitcoin needs. So if you want to do some virtual private server stuff, Bitcoin nodes, NOS or relays, nodeless implementations, BTC pay server, piece of cake. Go there. Use our promo code or just tell Mark, you get 50% off your first round of buy. So load the cart, Anon. Load the cart. Who's the second sponsor? Well, it's Bull Bitcoin. So you might as, Anon. Load the cart. Who's the second sponsor? Well, it's Bull Bitcoin. So you might as well buy your Bitcoin from Bull Bitcoin and you could pay your easy DNS bill with Bitcoin as well. So it's a two for one right there. Look, the price of Bitcoin, last I checked, it was around 85K-ish. I don't know what it

is right now. We've had a heck of a ride up, down, up and down. It's everywhere. But either way, in my opinion, it's a good time to buy not financial advice is let's look at the price of Bitcoin in 10 years You think it's gonna be sitting where anywhere where does right now the value of it in my opinion is gonna go way the fuck up So where are you gonna buy it? Obviously bull Bitcoin. That's where I enjoy make our buys and you can sell your Bitcoin too Like if you do need to sell it you can do it as well and on chain and lightning You could do either of those whatever you think is best right now I still think that on chain is number one because the fees are still very low relatively low compared to the past But other things you could do with bull bitcoin you can start spending your bitcoin in one of two ways

You could pay your bills with your bitcoin, right? Like, you know, everyone has bills. Nobody's gonna get away from that Unless I don't know maybe you're a thief or something But if you're not if you're like everybody else you got to pay. So might as well pay those bills with your Bitcoin, with your bill service. The second thing you could do with Bull Bitcoin is get the gift cards, right? Like let's get those gift cards that are sort of spending that shit in the real world

because there's no way to spend your Bitcoin right now in Canada directly. This is the way you do it indirectly, buy those gift cards with Bull Bitcoin. These guys are best in the game. They got good service. If you need any help, reach out to them. They'll get in touch with you ASAP. They are non-custodial. This is what you want in exchange. You don't want to have somebody hold onto your Bitcoin. You cannot

facilitate a buy with Bull Bitcoin without an address because as soon as you make the buy and provide the address, your Bitcoin gets sent there. So check them out, open an account with them, use our promo code below and 21 bucks will be added to your account, no questions asked. I love it. Let's do a little housekeeping here and then we'll get to the boost. Last week we had a pre-recorded interview with Tony from the Bitcoin Way. Great interview. I enjoyed listening to that one, Len.

That was well done. Tony's got quite a story, as you noted, a guy who had the rug pulled from underneath him very suddenly several years back and has since rebounded to start the Bitcoin Way, a website that will help you get going and a service that will help you with your sovereignty. Last week I appeared on Two Stewards, Brent and Mark's show. I don't think it's out yet. I'll check right now. I've got a busy day today. I usually listen to my appearances on other shows that I want to improve. Yeah, it's not out yet. Yeah, those guys hosted me at their place. Very, very nice fellas. A wide ranging chat about everything from faith

to the man's role in the household, and of course, Bitcoin and economics as well. I really enjoyed it, and I hope you guys do too. This week, Len is talking to who? Who you got? UTXO. He's been a nice guy. Nice.

Yeah. And he actually reached out. He wanted to come on because there's been some developments going on. And so I'd be happy to chat with him because he has an interesting story too. Remember he... Know this. Yeah. I was saying, because just really quickly she shuttered his operation. So, yeah, I'm looking forward to chatting with him and it'll be fine. It's going to be great. It's going to be great.

It's going to be great. I think next week I'm on your life, your terms too, now that I'm thinking about my schedule, but I'll have to double check that and I'll tell you guys whenever that comes out. I think that's it. You want to do some boosts? Who do we get some, who do we get sats from and what kind of stupid things are we saying out loud tonight as a result? Well, wartime, three, three, three sets, a couple of beer mugs is consistent.

I love wartime. He's very much here from Joey and me as well. Top W cone, two 50 stats. Actually, this should have been first, but either way he says I use fold. The fees get me daily spins of five to send sats a day, roughly 2000 sats a year. Where it's worth it is the sats back. I get sats for every purchase with the card, just under two million last year.

On things I was gonna buy anyways, gas, food, grocery, comic books, utilities, and that's before the bonus sats on gift card buys. They also let me round up to the nearest $1 and directly the change into buying Bitcoin and adds up to 10 bucks. So it adds up and yeah, so he just talks to it. He goes on and on.

He says every 500,000 sats he gets, he sweeps into his cold cards and or Sparrow with cold card. So he gets the most out of it. I know that we were not talking to fondly of it going live on the Nasdaq exchange, but clearly he uses it to his advantage. So I give him credit. Yeah. Hey man, get the stats any way you can. If you like the service, use it. This is a free, free world out there, right? So take advantage of the services that make the most sense for you. 100%.

Doug and Rup, 1025 stats. He says, easy in, hard out. How proper Bitcoin self custody is like pregnancy. Totally, totally. Yeah, I agree. They agree there for me. And Jer, 2000 sats, he says, great interview, Len. That's the one I had with Tony. And progressively worse, another 2000 sats.

He says, another interesting development from the Vietnam War. The Vietnam War was a highly successful testing ground for Monsanto. Monsanto. Oh, Monsanto, yeah. And their herbicide products, Ancient Orange, which was used to strip vegetation in Vietnam during this time. The contracts formed with the US government bought a golden opportunity, pun intended, to research and development a whole host of new products, one of which was development and production of glyphosate. I never heard of that. Roundup I've heard. That's pretty shitty stuff. You don't want to be near that. And yeah, they applied the food crops worldwide after years

of legal battles involving health complications from people using herbicide and other products. 2018, the company acquisition was finalized between them and Bayer. Bayer got involved. Bayer owns them now, yeah. I didn't know that. The lawyer who took Monsanto to court and won is one Robert F. Kennedy Jr., so also in the news these days.

Yeah. is one Robert F. Kennedy Jr. So also in the news these days. Yeah, he says bear crop science division, they offer products ranging from herbicides, pesticides, fungicides, to even genetically enhanced seeds for major crops like corn, soybeans, and wheat. They use more and more throughout the world every passing year, talk about going full circle. So that's what happened with Vietnam War.

Quite a story, I didn't realize that was the origin point for Agent Orange. Agent Orange is nasty stuff. I recommend everyone look into that saga. There's been so many stories about Agent Orange and whether or not the US is still using it, or it's sort of sister chemicals in the warfare. The show The Newsroom, I think it's sort of sister chemicals in warfare. The show, the newsroom I think it's called with Jeff Daniels and a few other notable actors and actresses. There's a plot line where the US uses

resin gas I think and they go into a little bit of the history of Agent Orange on that episode I believe as well. That's got to be like a 10 or 15 year old show now but it's a good one if you haven't watched it I recommend it it's not not too bad. So for the boost I just want to say Contour Discord our discord is rocking these days. It is rocking we did a five minute before the show Discord call where no one showed up because we didn't really advertise it too much but there's like 300 people in there now or something, which is great. I was saying to our buddies Wayfaring and SB that if you look at the SimplyBitcoin Telegram channel, which is mostly just people bull posting, like retard posting about how the price is going to a million,

a lot of low IQ stuff, no offense SimplyBitcoin, but it's just the way it is over there. That channel has about 1,200 people and SimplyB Simply Bitcoin has 100,000 subs or so on YouTube. This channel has 3,000 subs and the Discord has only a few less people, like 900 or so less, one-quarter of the Simply Telegram subscribers. This is an engaged community and it's a growing community. I think if you head to Discord,

you'll find a lot of like-minded people who are producing good stuff thinking the same way you are and Will challenge you day to day. It's a it's a bright group. There's a lot of conversation there every day So yeah, I definitely recommend checking it out That's it. That's all I gotta say can't wait to talk about the strategic Bitcoin Reserve, which I assume is where we're starting Aren't you pissed about this? like it Reserve, which I assume is where we're starting. Aren't you pissed about this? Ha ha ha. Are you surprised at all? I'm not. We've been talking about this forever.

Have we not? No politician will save you. Trump is a fun president. He's the most competent politician in any Western country. But he's still Trump. He's still doing this shit for him and his boys. And it is what it is, man.

I don't know. What do you want to talk about? What do you have to say about it? I'm sure you have an opinion. For anybody out there that is surprised by this, you have had a very difficult way of reading the room with this. It's not like the people hanging around him are not shit coiners. And it's not like we have the Trump coin. We had them buying wrapped Bitcoin, ETH, Eric, was it Eric Trump? One of them is saying it's a good time to buy ETH. So you have all these signals you see coming out of them. And it just makes sense that they're going to do this. And for people unaware, it is strategic crypto reserve and it's going to be including stuff like Bitcoin, ETH, XRP, Solana, ADA.

Anything else I'm missing? I think that's it. I mean, it says including, not limited to. So there's going to for sure be other mid to low cap shitcoins. I would guess. Like, you know what's stopping them from adding something like, I don't know. Doge. That's a good example. No, it won't be Doge.

But like. Why not? Because of Elon Musk's. Nah, nah, nah, it won't be. He seems to like it. I'm just guessing. I think you need like an actual. The bar seems to be like dev team slash issuer slash longevity. And they aren't, I don't think

they're going to venture into shit coin territory, like really meme coin territory. But the thing about the meme coin aspect or angle is that Solana really is just a meme coin chain now, right? Like no one's buying Solana for any other reason than you can get some dog with hat or whatever is on there, right? Pepe coin. I'm not sure what else is going on over there. Some other shit coins that you can't really see on the air but yeah is dog with hat Pepe I think it is let me see dog with hat is I'm so far out of tune with that stuff I'm I'm almost embarrassed in a way I mean give it no yeah dog with hat is on soul. It's it's a yeah, but is that a peppy? I Don't fuck it who gives a shit

Dog with hat is pretty funny. It's just like a sheba. You knew with a knitted hat. I mean these guys credit They are funny. These people are funny. I don't know Monetary policy, but they're funny this whole thing. Oh mark is in the chat saying no, maybe it's not okay So maybe it's not on so on I don't know I don't even give a shit. It's all garbage. That's the reality. But the fact that, remember not too long ago, just last year, we had Trump going to the conference down there and talking about Bitcoin, this and that, and people that were associated with it, they've been thumping their chest with, it's originally on ETH, I think, according to Mark. So there we go. They've been saying that their chest with his originally on ETH, I think, according to, to Mark. So there we go.

They've been saying that this, this whole strategic Bitcoin reserve, these guys thumping their chest, this is the only thing that's going to happen. There's no way they're going to do anything else. But we've had every indication, including the note from the president himself on Truth Social saying that it's all going to be about Bitcoin and a bunch of garbage Right. So like what the fuck like these guys and I'm talking about the people associated with Bitcoin magazine in a Bitcoin conference Those are the people that that they are the ones that we're talking about. They know nothing. Don't listen to those guys They're giving you false. Hope they're giving you false signals here. It's fucking bullshit. Don't listen to them whatsoever and

There's a conference coming up this year. I have no intention of going there, Joey. I'm not sure if you have any. We're both going. I got us VIP at Wet Republic. We're going to Wet Republic during the day. You didn't know? I got us a cabana. And I'll be honest, if somebody said, I'll give you one Bitcoin to go there, I'm not going to go. No, come on. No, some things

are worth more. Oh, the conference. I thought you meant, I thought you meant web republic. Web Republic is a great time. I don't even know if it's still open. It was a long time ago I went there. So with respect to this, the question is, I have, what are they going to do with it? Like, are you simply going to buy it? Like, how are they going to accumulate this? Because they have some. Yeah, yeah, yeah, go ahead. They have some, right? The US Marshall service has some. Bitcoin. Not just Bitcoin. I think they have they have accumulated other things as well through all the seizures they've done over the years. Right? I'm not saying that they would have this. By the way, extra P, their, their team out there, like the pumping up, they're fucking

phenomenal, because I can't believe that people are buying into this, by the way, like, their propaganda theme is on par with just what anything else in the world, probably the best in the world. Either way, this US Marshall services, they're the ones that hold on at least some of the Bitcoin that they have seized. And I'm sure they got other things, but is that what you're going to be doing rather than giving it back to the Bitcoin they seized? No, I don't see that happening. Somehow they're going to have to accumulate this. And in what mechanism? Every year they're

hemorrhaging money, their deficits every year, 36 trillion in debt. How are they going to manage to get anything? I don't know. But this can be a boom for Coinbase for two reasons. Number one, to date, every time the US government sells the Bitcoin they see, they've used Coinbase to do it. They've been the exchange of choice. So if they're going to buy, for selling, yeah. Yeah. So if they're going to buy, why wouldn't they use the same exchange to do it? Not to say that this is going to be a massive gain for them. It's just it's another business venture for them. I can't believe I'm pumping a fucking Coinbase, but the reality is they're the ones that are probably going to be doing it. Number one. Number two, are they going to be doing any custodial services? Maybe.

I've done some research and I can't find that the US Marshall Services is relying on Coinbase to custody their Bitcoin. I think the US Marshall Services, from what I gather, hold on to their own Bitcoin. So somehow the United States government is going to hold on to anything that they accumulate over the years. That's what I'm guessing. Holding is not the thing though. The holding is fine because they have Bitcoin.

I'm trying to find out what else they have. They have Bitcoin. Let's say they have a few other things. That was the whole point of the strategic reserve in the first place. And now there's no way they've confiscated any soul. Is there? It's a relatively new token. It's like a year old or something two years old

FTX had a major stake in soul in terms like they were like heavily involved with it that was 2022 three years old okay no but it's older than that so then it's like many years old i i don't think that it is i don't think that it is i The only reason I say that is because Solana really took away some of the Ethereum use case as far as like these ICO slash adding tokens, right? Like it became easier to do this other places. Solana was one of them. So I don't know. 2020? March 2020. Okay. So 20, let's say 2020. That's like five years. I don't know if they seized any. I guess we're going to find out. I'm looking right now, but they have, yeah, it looks like they have notable holdings. This is from Grok. Bitcoin, ETH, Tether, Litecoin and Cardano.

But I don't see any, yeah, I don't see any of the other ones. And like I said, there's going to be more garbage on there for sure. Isn't the whole point of this, like, if you look at, if you look at the directionality of like the lawsuits against Kraken and Coinbase both dropped in the last two weeks, same weekend you have little Trump talking about oh it's a great weekend to buy ETH, always buy the dips in ETH and BTC and then they buy or they announced the reserve literally a day later Trump little Trump one of them is like, yeah, this is the first time

the consumer has been able to do something like this and benefit off of it. We did this on a Sunday. Markets weren't open. I hope I made someone's life better. That used to be a securities violation. I never thought I'd say it, but I'm like that Wolverine holding the picture in bed meme.

And it's a picture of Gary Gensler. Where is Gary to enforce the rules here um are we looking at gary gensler because i remember when he left i was a little bit i mean he didn't get everything right but the thing he did get right was saying to these guys you can't just fucking issue and sell and pump and dump whatever you want under the guise of it's a collectible, it's a Pokemon card, because it's not. And you know, like this is exactly why, and we've talked about this many times in the past, but when you have one asset, right, that gives an entire ecosystem, like, like, I don't know if legitimacy is right, but it gives, it gives like, everyone wants a piece of that ecosystem right crypto everyone

thinks that it's the next thing they want to get in on so we've dealt with this with XRP in the past somehow still dealing with it in 2025 we've dealt with it with ADA litecoin Ethereum all these tokens always say we're gonna be better than Bitcoin we're the next Bitcoin we're this we're doing this better than Bitcoin we have have this coding software, this issue and schedule, whatever. It's all just synthetic garbage. But no president or politician ever went all in on it until now. This guy did the Trump coin, he did World Liberty FI, made the World Liberty FI purchases public. I

should have looked at what those World Liberty Fi purchases were. I guarantee they're like carving copies of this. And now he's talking about strategic crypto reserve. The interesting thing is that on the 21st of February, the crypto task force led by Hester Pierce, crypto mom, okay, very pro Bitcoin. You can say she's pro crypto, maybe, I don't know. But they met with Mike Saylor, these people. And Saylor, like I'm looking at the document that he shared with them. Saylor's another guy who's turned out to be a, he's a

turncoat, I think in a lot of ways, my personal opinion. The document he shared with them was defining digital asset classes and he's got a bunch of different ones here. Digital commodities, digital securities, digital currencies, digital tokens, digital NFT, and then digital ABT which is a physical asset like gold oil, whatever. And he's talking about a bunch of stuff in the document. I may as well just share it here. But the point is that these guys at the SEC, the cryptoo Task Force, know what a security is and isn't. Trump and his team know what a security is and isn't.

And certainly guys like David Sacks know what a security is and isn't. And still, what do we get? We get documents like this, where they're basically telling people, look, here's what I think you should do. And for Saylor to say this tells me he's a bit of a turncoat, the SEC task force, maybe they have input on what goes on in the crypto reserve, maybe they don't, I don't know.

But no one seems to care anymore, is what I'm getting at. Nobody cares what the rules are or were or anything. And now it's just a free for all. Is it not? Isn't that what the takeaway is from all this, that it's a wild blast yet again? It's back to like 2017 rules where anything goes. It sounds like it. It seems like it. What's the path moving forward?

Look at this. I don't know. This is from Sailor. Sailor is supposed to understand there is no second best. Does this look like there is no second best to anybody? Is that what that looks like to anybody? No. For people that are wondering, just talking about there's NFT at the very top. So look, he is, he understands Bitcoin, but he has lived his whole life in fiat, in a fiat world

as a CEO for a number of years of Micro micro strategy. So this is the world he lives in and he breathes in. It's hard for him to unplug from that. That's the way I'm looking at it. I'm not trying to give him a pass on it. I'm just saying this is just the reality of it. He doesn't suffer the same impact to a dying currency that other people are. Like if you're on the bottom end of the spectrum, the economic spectrum, you don't have a buffer when the currency gets devalued five, 10% in it a few months or a year or two. But when you have tens of millions

or a hundred million dollars in the bank, I have no idea how much he's worth. I don't think he feels that same type of pain. So he wakes up, he's probably signing papers to do with his company, board meetings. He's all fiat, right? And he may understand Bitcoin, He wakes up, he's probably signing papers to do with his company, board meetings. He's all fiat, right? And he may understand Bitcoin, but he doesn't truly understand it if you don't understand

what I mean. I just want to know, like boomers in the chat saying, Sailor's trying to keep the heat off himself. I'm not saying- For what? Yeah, I'm not saying boomers necessarily saying this, but I'm fucking sick of it talking about how Sailor is operating at some level that's just above my intelligence. I don't understand. He's making moves. He's playing the game. I'm tired of it. No, I think he's a different level below us, Joey. The game he's playing is getting rich and using

Bitcoiners to pump his profile. That is the game he's playing. If you think it's a different game, good for you, but you're wrong. And if that's a game you wanna play, good for you. You do it, go for it. But I think it's hard to imagine that you're gonna be able to get out of that unscathed. These other tokens are, they got Brad garlic bread and these other fucking weirdos in the Trump ear and in the ear of his staff and his kids.

I don't know. Like I just don't, I don't buy any of this stuff. And I don't think anyone else should buy it either. I think this is a pretty obvious scam. And the most generous interpretation is Trump just doesn't know what he's talking about and the team doesn't know enough. And the least generous is they know exactly

what they're doing and hope that you don't. So make it out what you will. By the way, people saying he pumped. He's pumping his bags. His bags are back down today. So his bags are not doing that well. His XRP bag is where it was basically four years ago. XRP has barely made a new high.

Bitcoin is the only thing making new highs in any real way. So it's not like these bags are working. He may be able to offload or unload some of his garbage at a higher price, but they're not hitting life-changing home runs here for anybody, which is how Trump made it sound on Twitter. Oh, we're doing great things for people. Like, okay, man. I don't understand what is the appeal for XRP. I don't even want to talk about it. Fuck it.

There is no appeal. It's unit bias. It's the same shit every week. We saw in one of our group chats today, you know, a chiropractor, the shot, the shaman of the medical field, uh, talking about how he thinks it's going to be the thing that backs the currency is XRP. Like this is just like low, low, low Brown. And you hear this all the time. That's why over and over again for seven years now we've heard it eight years. We've heard their marketing team is fucking on the ball. And that's what I have to just give them. They, they know how to market and they've done a very good job at not to say that

I'm praising them. I'm praising the marketing team. And there's something else I just want to bring up. And a lot of people saw this and I hope a lot of people digested this. Remember A lot of people saw this and I hope a lot of people digested this. Remember two days ago it was reported on X. A lot of people are saying this whale out there went, did a 50x long. Yeah. Yeah. He leveraged on a lot on Bitcoin, but even more on ETH. Shocker. Then the very next day came out this news from Trump and then Bitcoin went up

like 10% and everything went up quite a bit. This is the garbage that we're dealing with, that there are people out there. They may say they're talking and they're working in our best interest, but the reality is they're working in their best interest. They're trying to make money for themselves and they don't care about the little guy. They don't care about any. It's just them. And this is the stuff and it fucking pisses me off. Like between that, the, the strategic crypto reserve,

the Zelinsky fucking argue, like the past, like going to work, like I was just, I rate today at work and a few things fucking took me off. That made me feel good at the end. But like, I just, like all this shit just, it drives me fucking bonkers when I see this. People out there, and that's why I like Bitcoin. It takes away the power of money from the people that fucking manipulate it. And they can't with Bitcoin. And I, you know, every time I go through these, these cycles here, and it almost on a couple of these basis of these cycles are going faster and faster for me. I can't buy enough Bitcoin. I can't put enough of my money into Bitcoin. I am so happy every time I do that, because I'm

like, I'm buying something which I have, nobody could fuck with the price may go up and down or the value of it may go up and down on a 24 hour basis, but I don't care. That does not anger me at all. If the shit like this, that does fucking anger me. They don't care about you. They don't care about anybody but themselves. And fuck them all. And I hope everybody out there does the same thing. When you buy Bitcoin and you do a little smile, you say, yes, I'm fucking them over, but not giving them my money. I'm buying my fucking Bitcoin for myself.

I don't know. I got tired of this shit. And I can't believe people are just like, fucking irate as I rate them. They don't have time to be irate, right? They're working 24-7. They're tired. Yeah. The only people that are irate are people who don't own any.

I think Bitcoiners are annoyed annoyed but not really that affected. The shit coiners are feeling good because their bags, which we're never going to get any traction by the way, because there's just too many options now are able to sell at a higher level. This by the way, happening at the same time, speaking of strategic reserves and what we should be holding and what the US government should be holding. Bitcoin now recommended as part of the BlackRock model portfolio for the alternative asset division, 1% to 2%. They're recommending the iBit ETF, obviously, but the fact still stands that whether you

think BlackRock gets it or not, they're not interested in anything but Bitcoin over there, it seems like. So, you got even the most fiat types understand that as a hedge against the system you just described, there is no Ethereum. There is no... This is the asset to have. This is the risk off asset, basically, not this other stuff. And the US government basically going the other direction, they're all in on garbage. Again, they're all like they just they can't get it right. Too many grifters, too many hands on the pie, never fails. This is the result you're going to get when you get these people all clamoring for exit liquidity and the government's going to be the exit liquidity. It's

almost unbelievable. And you know, with all this being said, we talked about the strategic crypto reserve, the crypto task force. You know that we have something coming up and there's going to be a crypto summit that's being held by the White House. That's in four days. It's Friday, I think. March 7th. Yeah, four days.

Circle this on your calendar, ladies and gentlemen, because this is going to be a fucking shit show. So they say it's going to include prominent founders, CEOs, and investors from the crypto industry, as well as members of the president's working group on digital assets. Why do we need investors from the crypto industry at the crypto summit? Why don't they invite the CEO of Bitcoin? Oh, yeah. Okay. I can understand why they have- I don't check my mail that often then, but I don't think I got invited. I'll have to see if my invite is lost somewhere.

But yeah. You know what? That's one. I would fucking... And I'd go in with fucking guns up blazing. If they invited me, I'd fucking go there. And I'd be happy to get kicked out. That's what I would

go there with the intention of getting fucking escorted out and being put on a list. These guys, having a crypto summit, like sorry to cut off the story details there, but having a crypto summit with investors in these tokens, what do you think the investors are going to suggest that you do as a White House? Hmm. What do you think? Buy into what they're offering? Buy my bags, right?

Pump my bags. I said this on the Two Stewards show on Friday, and so I'll kind of spoil a little bit of that discussion. But the thing about Bitcoin is that I can tell you to buy it and you can either do it or not do it, but I'm not doing it because I want my bags to pump. Me telling you to buy Bitcoin doesn't pump my bags. I'm not gonna sell you my Bitcoin. I do it because I know what it did for me, both in terms like financial freedom, in terms of my outlook on life, in

terms of my outlook on my relationships, my marriage, my household, the things it's done for me have been incredible. And I want that for you. Is that what the Solana guy says? Is that what the Ethereum guy says? Is that what the ADA, the XRP, you think Brad Garlinghouse gives a fuck

what your time horizon is? Like the Bitcoin, the XRP Twitter, the XRP Twittersphere is nonsense, okay. It's clickbait, it's rocket ships, it's garbage. The Bitcoin Twittersphere is like fitness, family formation, homesteading, building wealth, you know, financial freedom to support your community, finding passion projects that are going to make a difference in your life and the lives of people you love. That's it. When I go to Bitcoin Twitter, that's what I see.

When I go to these other places, I just see nonsense. I see the exact kind of thing I'm trying to get away from. And these guys are buying boats and cars and going on vacation. That's why, by the way, it's very rare, if at all, you ever see a Bitcoin quote unquote spokesperson, as far as there is one, getting nabbed for criminal activities, getting nabbed for fraud or embezzlement or whatever. But where do you always see it, Len? You always see it in the altcoins. You always see it in the altcoin exchanges. Fuck, the CEOs of these things are going down. They're going to jail. You don't see that in Bitcoin. You just don't. And so when

I hear crypto summit, all I hear is more bullshit, more nonsense. Get back on the flywheel, financial nihilism, sprinkle your chips on every single slice of the roulette wheel and just hope it fucking hits because otherwise it's a lifetime of destitution for you. And that's where people are now. And then more of this stuff is gonna keep coming as long as Trump is in office. And like, we always said on this show that politicians are not gonna save you.

There are politicians who are better for Bitcoin than others, Trump is better for Bitcoin than Biden, for example, but there's a lot of runoff, a lot of side effects. This is a big thing that's going to land on a lot of people's laps in the next little while. And people who have hated Bitcoin for a long time and equate it with crypto are going to keep doing it. And we're going to look so stupid. Does it matter? Maybe not to you and me. But for people who are trying to think about or trying to start thinking about getting into Bitcoin as a savings vehicle, they might not have the resilience,

right, they may not have the iron skin that you do. And they may wind up over there, or they may wind up out of the ecosystem altogether. They may wind up in bonds or mutual funds or whatever. Like that's the problem. That's the thing you want to avoid as a species, right? But this is not gonna happen if this kind of nonsense and behaviors going to continue. Period. End of story. It's just not going

to, it's not going to work. People have to do the work themselves. They have to do the reading, do the research. Yeah. And they're going to be told and influenced by their friends, their family, their coworkers. But still in the end, they're going to have to make their own decision on stuff. And a lot of this, a lot of stuff with Bitcoin, everything with Bitcoin is it's freely available. Like if you want to do anything with Bitcoin, you just put in the time and you could fucking do it yourself. And the same applies to understanding the fundamentals of it.

It doesn't take a lot of effort to do that. You just have to do that first step in that journey and then you'll fucking understand. So the onus is of effort to do that. You just have to do that first step in that journey and then you'll fucking understand. So the onus is on people to do that. Granted, they have other things that they have to do. Like you're joking they're too busy because people are working two, three jobs or family response.

This I get. But that's why we're here. We're trying to educate as many people as possible. And I don't care if these shit coiners I mean it fucking sucks that they're there but in the end Bitcoin is gonna be Bitcoin It's you can't fuck with it. You can't change it anytime people try to do it these forks. They just don't work in the end They just don't have the same following the same money. This in capital seem anything behind it. They're all a lot of it It is all centralized garbage. Yeah, and if I you know,. And even with extra PF, I can't run

a node myself without being validated and given- Even if you were running a node, you wouldn't be able to get to the beginning of the chain, right? And if they lost 30,000 blocks, whatever they call them, I guess. That's incredible. And with Bitcoin, you go right to the Genesis block if you want it to. It's sure it's going to be like 700 gigabytes, give or take, but it's there. And yeah. So let's talk about, this is a good segue to another one because block space media, they posted something erroneous about swan. And this, well, they were saying that swan Bitcoin was funded by Ripple and this is through some

court documents that they allegedly read and this is how they deciphered it. But apparently they came up with this a lot of backlash. Corey was on there saying this is not the truth. In fact, BlockSpace even had to redact the posting and they posted this saying an earlier version of the article mischaracterized legal and business documents regarding Swann and other counterparties. We wrongly reported the legal documents from Tether's lawsuit against Swann and UCC filings. Blockspace obtained indicating that Swann took financing from Ripple. These documents not proof financing.

The error resulted from block space misreading and misunderstanding the documents. So, a lot of people were giving Swann a lot of crap after this came out initially, and Corey was taking it left and right. And I'm not sure, there's still maybe some connection with Ripple. I don't know, I'm not there.

I can't say, but- Pleditor doesn't seem willing to drop it yet. That's a good signpost, right? At least not last night, I checked. I don't want to put words in his mouth, but yeah. I think it's possible that there's still something there. So, and you're saying about a Bitcoiner out there that you haven't heard of anything,

like in terms of getting picked up by the police or this. Like, Corey may be the closest one of the Bitcoiners that is just really taking it hard from the... He just keeps making these like they're unforced errors, are they not? Whether it was the custody thing with the fortress stuff, the media company, the mining, the like, you know, again, the videos of him like popping three point shots that is at his little conference there. Couldn't have been more ill-timed. I don't think the guy is not a con man. I don't think that. I just think he's got to take his eye off the ball too often.

Maybe this is an example of him doing that. I'm not sure. It sounds like he's pretty convinced or he's concerned that the stuff going around is false. But ripple does appear in the documents. What is what is that ripple what is the relationship there is the question that needs to be answered and pleditor like you know to his credit is unwilling to just drop something because Cory tells him to the benefits of being in them I suppose but isn't the whole thing the connection because fortress was yeah yeah it's part of. It's part of those legal documents. Yeah. Yeah. So, and Swan was using them as the custodian. So maybe they're... I don't know. I don't want

to get into this. It just seems like somebody misread it and then reported it on X and then people ran with it and they didn't do proper diligence here. It was just, unfortunately, they just fucked around with this information. They misread it. It's too bad. And gave somebody a black eye. They probably didn't need to get a black eye this time. Maybe in the future he does,

but this particular moment, I don't know. Yeah. Have you heard about this OneKey Pro? It's a hardware wallet. I have not. I did see this in the show stories. I didn't do any research on this though. Yeah. So I came across it. It looks snappy, right? Because it's claims to be open source

in both the firmware and software. So that sounds good. Has a nice 3.5 inch, which is relatively big touchscreen on it. So these are- Hold on. Let me timestamp that. What did you say? 3.5 inch, relatively big. That was at 39 minutes and 35 seconds. I'll be keeping that for later. That's what I said. It's relatively so, you know, the land of, I don't want to say, because they find that anyways, this one key pro hardware wallet, keep in mind it is a wallet for Bitcoin and Chick coins, right? Because they have stuff on there that you probably never even heard of. Not just that even NFTs you could use the

store here. So my opinion, always go with a Bitcoin only wallet, signing device, whatever the fuck you want to call it, because those are the ones open source, they should review the code. Yeah. I'm not going to touch any of that stuff. Like, and you know what? Interestingly enough, Coinbase ventures was, um, one of the companies that help fund this there, they're a backer of one key pro. So they, they, they have vest and titanium backup kit at least.

That's nice. That's good Yeah, you could buy that on Amazon those You talk about the one on top left that yeah, this is one key key tag. What do you think this costs? Let's see what it costs. I'll say 35 USD 59 US US or Canadian because you're on a Canadian Either way you're on a Canadian, I don't know. Either way, fuck it. Don't deal with this stuff.

It looks nice, it looks fancy, it looks all this. But when you deal with shitcoins, you don't know what else is gonna be in there. Even though it's open source, it's just adding new attack vectors that could potentially fuck you over. If you simply go with Bitcoin, something that's tried, tested and true,

community has used it for years, you don't have any issues with it. However, if you simply go with Bitcoin, something that's tried, tested and true, the community has used it for years. You don't have any issues with it. These are the ones you should use. I say the cold card. Q is Mark 4. I like Q is very good. There's lots of good options out there, but those are the ones that least cold card Mark

4 is the one that I use. So I could talk about that confidently because I use it. Others check them out make your decision but definitely the one key is not good one. I would I would pull this up but it has my postcode on it that the Walmart in Canada they have the Walmart CA website is selling this thing for $531 the one key pro. Wow! Yeah. Is it loaded with a whole bunch of Solana? No, there's no strategic reserves on there. It's open box. I would not, I would first of all I'd never buy anything from Walmart like this but absolutely insane that it's almost 600 bucks. It's like a PS5 basically or a one key pro. You

decide which one you're gonna to get more fun and value out of. I would argue the sync is where you get the more value. It's interesting that these are being sold at Walmart though, right? I don't want to say most wallet providers don't try and do big box, but I think that actually is the case. You don't see this stuff unless it's Ledger or Trezor at stores

like Best Buy. Maybe Walmart has them. I don't know. For good reason, there's a security issue there. There's an opsec issue there. You don't want someone fishing around in the Best Buy warehouse resealing devices, stuff like that. So you just don't see it very often.

These guys don't care. I mean, you saw the website. I had it up on the screen there, a picture of some woman. I think it was a woman anyway. It was like a sort of androgynous looking human anyway, showing an NFT on the screen. You get what you pay for most of the time, but this is not one of those cases.

Wasn't it a rare sat? Yeah, I don't know. Probably. Huge waste of money. Huge waste of money. Remember that fucking garbage? Of course I remember. Yeah.

And it's still going. Ordinals and rare sats and stuff are still going apparently. Well, it's not going to disappear as long as there's a scam, you know, and there's somebody's willing to buy into it. Suckers born every minute. And so, and the company they affiliated with the conference, they built that marketplace for those rare sats. That's right. Yeah. Why don't they come on, man. There's so many red flags here. Glenn hates Bitcoin magazine. Why should I not? What do they do?

The hate, it's like a seething burning, you know, like the heat of a thousand suns within you or Bitcoin magazine. Could you imagine who are they going to bring up for this Bitcoin conference? I don't know. We'll see. We had RFK Jr. last two times ago. Yeah. We had Trump Latin. RFK was last year too. He was there two years in a row.

But he was the keynote. Oh yeah. Yeah. And side note, I was on a call today with Canadian Bitcoin conference organizers talking about the lineup, offering my feedback and suggestions. That's going to be a good conference. Yeah. And October. Yes. So I'm not going and it's not because I don't like it. I just, I have other things planned just immediately afterwards. So I wouldn't have liked to have gone. I like the people

there. I wish them the best of success. And I think you're going to be going to that. Yeah, I'll be there for sure. I'll be speaking. I'm sure I'll find some niche to talk about. Anyway, what else we got? See this brain wallet fiasco? I did not, but go ahead. So, okay, brain wallet is a very simple way to, it's many years ago to secure your Bitcoin. You could generate a common passphrase, sorry, you can generate a private key using a common passphrase. Like you could say, I like Joey, and you could punch it into your brain wall, and that is gonna be a private key

so you can start signing your Bitcoin. So in terms of hacking that, it's easy. It's through brute force. You can just simply just use simple common phrases, slogans, shit like that, and you can get into somebody's wallets. This was stuff that was done years ago. So people brute force these all the time, and it was one that was just done this past week. It turned out that

two competing entities were found access to the same Bitcoin. And in order to get the Bitcoin, each of them were trying to do an RBF or a place by fee of the other one. And there was several RBFs done through the time. Eventually the fee itself, the RBF was one Bitcoin, just one big shy. I thought it was like, yeah, 0.917 or something, right? Yeah. We'll call it one Bitcoin. So that's a lot. Somebody out there got wrecked. They had some Bitcoin in there and now it's gone as a result. So I want to try and again, there's a lot out there in terms of people that have Bitcoin and they think that's still secure. If you do stuff like this, it's not.

You have to have proper entropy, roll the dice, use the cold card. There's other ways you could use a deck of cards, for instance. And there's a number of different ways, but do it the fucking proper way. Just simply relying on a common phrase to get access to your Bitcoin, that's a recipe for disaster. And unfortunately, this person has learned the hard way. People out there learn from people's mistake like this. Imagine you had more than one Bitcoin just lost because you were just too lazy.

Man, I'd go nuts if that's the case. That'd be brutal. It would be brutal. Like, could you imagine like in five years? I did something stupid with entropy with a cold card years ago now. I don't, I can't remember how much it was worth at the time. Probably a thousand dollars, $2,000, something like that. Yeah. And you came out. Now it's probably like, gotta be 10 grand minimum, right? I'm pretty sure. Don't, don't give it because then you're kind of doxing how much it is that you had, but whatever.

No, no, that was what was on the cold card. That doesn't dox so much I have, but I'm pretty sure. Don't give it because then you're kind of doxing how much it is that you had, but whatever it is. No, no, no. That was what was on the cold card. That doesn't dox so much I have, but I'm saying like that... No, no. There's probably... When NVK says stuff like you got to secure your Bitcoin like it was worth 10 times as much, that's why he says that. So you don't use phrases to secure... It's too easy. It's too easy. It's gotta be random. You could use a phrase on top of the existing 12 or 24 words. Sure.

And that's a pass phrase. Sure. And you could put a very challenging one to hack. Many words, capitals, dots, commas, anything. And then brute forcing that, it would take a computer a long time. So stuff like that I agree with, but using this brain wallet that's just is not safe.

And it's not very old at this particular moment. So yeah. And with respect to what happened to you, I've got to give you credit because you came out publicly and said what happened. Then Cold Card reacted to that and they issued a new firmware. And if you try to set up a Cold Card with simply rolling a dice or the simply rolling a dice

or the dice just a few amount of times, it will warn you saying that the entropy is gonna be low and you're at risk for getting a rug. So if you wanna continue. So through your actions, cold card was able to change their ways and hopefully people in the future don't get rugged as well. That's, you know, I like the fact that you came out and told that story. to change their ways and hopefully people in the future don't get rugged as well.

That's, that's, you know, I like the fact that you came out and told that story. Yeah, it turned out really well. I think we gave away a cold card or two as well based on that event. Pretty sure we somebody won a cold card off the show if I remember correctly. Did you see that the Swiss Central Bank, they came out this past week and they're talking about Bitcoin. Their president, Martin Schlegel, I don't know, maybe you pronounce that right. I don't envy you. These names every week from all sorts of different European places.

I wish you the best in these endeavors, but I guarantee you're not batting that well. You're no Tony Gwyn, I'll tell you that. He was a fucking great player too. And a heck of a human being, by the way. He lost a good one. He was really nice guy. They were talking about Bitcoin. Doesn't like it, doesn't want to add it to their treasury

in the Swiss National Bank because they're saying it's a lack of stability, liquidity concerns, and security risks with Bitcoin. And it isn't conductive to maintaining the value of the SMB investments as the Swiss National Bank. And it's also susceptible to bugs and technical vulnerabilities.

But in the not too distant past, we had bailouts from the SMB to some commercial banks. 2008, they bailed out UBS to the tune of $60 billion to help it regain capital and take on illiquid assets. And then in 2023, they opened a credit line to UBS and Credit Suisse because, well- Very normal. Very normal behavior. Yeah.

And, you know, in fact, the Swiss National Bank created something called, quote unquote, bad bank, bad bank. And this is the take on toxic, toxic assets from UBS. So these are the things they're willing to invest in secure back to it and just interact with. But Bitcoin, that has a lack of stability, liquidity concerns and security risks. If these motherfuckers just hold on to their keys, they're safe. And obviously they don't want to do that, but they just, the Swiss national, this is the last bank that backed up their currency with gold, if I recall correctly, was at the early 90s. They basically untethered it. So like-

Also notorious for like being separate from the rest of the financial system in terms of like KYC It's not called a Swiss bank account for nothing, right? They don't just make that country up They'll just pick a country with a dart throw. There's a reason they use the Swiss Swiss prefix there They should stick this to making watches because they're just Terrible when it comes to this financial advice. Definitely want to this movement. No courts movements here

It's guys who play with swatches remember those terrible when it comes to this financial advice. Definitely want to split this movement. No courts movements here. These guys are playing with swatches, if you remember those. So yeah, what the fuck? Clearly, this guy's a no-coiner. It's just another one, whatever. What do you expect him to say, though? What do you expect these guys to say? They have to say something now, which is, I think,

half the battle for us. There was a time when they didn't have to say anything. They just ignored what we were doing and what was happening. But now they have no choice. One, the price is so high, too, because it's in the news thanks to Trump. We respect the technology of Bitcoin. We understand that it is a scarce asset. We are not going to buy in at this particular moment because it's still too new and we're learning about it. We're not going to shoot at it, calling it not secure, instable vulnerabilities,

because where's the vulnerability? When is the last time the network has gone down that you can't fucking say? I could tell you with the banks every so often, at least here in Canada, there's outage that you don't have access. ATM's go up because our cellular network goes down. That's a real nightmare. Remember that? That was so funny a couple of years ago. Oh my God.

And then you don't have access. And then others, there's just, your money's not there for whatever reason. There's problems with the bank. There's like, really? Like that's the stuff you're going to, these guys might as well fucking buy XRP and fucking hang, hitch their horses on that fucking thing. But I don't get it. These guys, they're just living in the past and they're going to continue living in the

past and until we get some new blood in there, they understand the technology and talk about it the way we should be talking. They don't have to buy in, but at least talk the truth about it publicly behind closed doors. They probably are. Maybe, but publicly, these guys should. Yeah. Maybe not. Maybe I'm wrong. Maybe you're right with that. Do you want to talk tariffs maybe before we go over the notables? Isn't that a notable or no? I don't know. Do you have it in notables? I forget if you do or not. Yeah, I got it. We could talk to it. Let's go right to notables. Okay, we'll go to notables. Yeah. If you're on audio, see you tomorrow. If you're on video or on Twitter, continue to hang with your friends here

on the CBP Media Network. Until next time, take care of yourselves. And don't be a Swiss central banker.