The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - You Can Now Buy a House With Bitcoin (And It's Not What You Think) | CBP 258 Pt 1

Episode Date: March 31, 2026

Bitcoin-backed mortgages are now officially here — Fannie Mae and Freddie Mac have greenlit the first US government-backed product that lets you use Bitcoin or USDC as collateral to buy a home, and most people are completely misreading what this actually means.The structure is more nuanced than the headlines suggest: you pledge Bitcoin into a Coinbase Prime account, take out a second loan backed by that collateral to fund your down payment, and crucially — the collateral is never mark-to-market. No margin calls if Bitcoin dumps 40% overnight. That's the biggest part of this story nobody's talking about.The US Treasury's own 2025 financial report: $6 trillion in assets, $48 trillion in liabilities — a net position of negative $41.7 trillion, up $2 trillion in one year. Jerome Powell publicly acknowledged the structural deficit problem. Meanwhile Canada moves to ban Bitcoin political donations under Bill C-25, Wealthsimple launches prediction market gambling, and 150 million Binance credentials just leaked. All of that plus Bitcoin mortgages, Australian pension Bitcoin allocation, Strait of Hormuz oil crunch, and quantum computing risk — all this episode.Sponsors:easyDNShttps://easydns.comAnycast DNS, domain registration, web & email services — fast, reliable, privacy-focused.Pay with Bitcoin.Use coupon code CBPMEDIA for 50% off your first purchase.Bull Bitcoinhttps://mission.bullbitcoin.com/cbpThe CBP recommends Bull Bitcoin for buying Bitcoin simply and securely.Use the link above for 25% off fees for life.256Heathttps://256heat.com/Heat your home, garage, or office while earning more Bitcoin than it costs to run.Book a call with a hashrate heating consultant today.Bitcoin Mentorhttps://btcmentor.io/aff/90/Get hands on, white glove support with your Bitcoin storage and planning. Whether you need help with multi-sig or multi-generational storage, Bitcoin Mentor has you covered.🟠 Subscribe: https://www.youtube.com/@CanadianBitcoinersThe US Treasury's own 2025 financial report: $6 trillion in assets, $48 trillion in liabilities — a net position of negative $41.7 trillion, up $2 trillion in one year. Jerome Powell publicly acknowledged the structural deficit problem. Meanwhile Canada moves to ban Bitcoin political donations under Bill C-25, Wealthsimple launches prediction market gambling, and 150 million Binance credentials just leaked. All of that plus Bitcoin mortgages, Australian pension Bitcoin allocation, Strait of Hormuz oil crunch, and quantum computing risk — all this episode.Canadian Bitcoiners Podcast — Bitcoin, economics, and Canadian politics through a liberty-minded, data-grounded lens. New episodes every week.#Bitcoin #BitcoinMortgage #FannieMae #CanadianBitcoiners #CBP #BullBitcoin #Crypto #BitcoinNews #Canada #Macroeconomics

Friends and enemies coming to you live from soon-to-be fuel lockdown Canada, the Canadian Bitcoiners podcast. Fannie Mae, Freddie Mac, approving Bitcoin mortgages, I guess you could say in the States. We're going to talk a lot about that. We've been mentioning that on this show for a long time. And I think people are missing a couple of key points there. So we're going to discuss those. Also, the Bitcoin levered ETFs causing people grief.

It turns out, Len, that no one really knew what decay meant when they got into those vehicles. We'll talk about that. And of course, the notable and I want to say off-color stories from the Great White North here in Canada. But first, as always, the intro. So, you know, the government can say whatever they want about this thing not competing. It's for black market only. It's for this for that. But they're really treating it like a threat.

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

Welcome back. Canadian Bitcoiners podcast. Friends and enemies, welcome to the CBP. Want to be better informed. Listen to 11 Joey. Spots is taking care off right off the top. Oh, Bitcoin and Easy DNS. The media is feeding the slop.

I personally am welcoming the fuel lockdowns. You are of a different opinion. We were talking before the show that you think people we told to get your ass in gear, get to the office. Gas is four bucks a liter. I think Canada, I mean, we're situated in a different position in Australia and South Korea and India and other places that are going through some fuel shortages. So I think Canada is in a much better position. We are in an island, so to speak. North America is.

We're subjected to world prices, of course. Yeah. But because nobody's bombing Alberta. The straits, the straits of Red Deer? No, no one's. Yeah, nobody's bombing that. Nobody's taking over. the refineries in Texas.

So because of that, I think that we'll be able to provide at least ourselves enough gas to do it. Gas and diesel. We'll have to pay through their nose to fucking fill it up. May you live in interesting times.

That's all I'll say. We got a lot to talk about tonight. Let's talk about the sponsors first. Easy DNS. We're going to skip the usual Easy DNS content here to tell you that Mark just launched a Claudebot. I think it's, I can't remember the name of it now.

I wish I'd look this up before. I just did this read on Access of Easy, But basically now you can control all your DNS stuff with these DNS remotely. So you got telegram chat with your bot. You want to do some forwarding. You want to do some stuff, make some changes there with your DNS. You can do that easily. Plus all the usual good stuff.

I mean, get domain sure, easy mail for a couple extra bucks. Secure all your data, all your mailing list, all your client list. Make sure everyone's protected, happy, healthy, and safe. And of course, Len, if you want to just do a little bit of domain work, you want to bring a domain, buy a domain, mark's got your back. easy set of tools to use on the back end there to do your blog, your podcast, your shop, whatever, and of course, payable in Bitcoin. EZNS.com is the address.

Go there. And when you go there, use our promo code CBP media and get 50% off. Mark is for sure going to message me and be like, hey, that was a shitty read. Sorry, Mark. We got carried away in the pre-show. I'm busy with my daughter. I forgot to look at the read, but maybe I'll talk about it in the beginning of the back half here just to get it right. And in

In lieu of what's going on these days in Canada, Claude could also be called Claudette. So, right? So we're just trying to cover both sides of the coin here. And bold Bitcoin, though, there's no alternative for them. There's only one way to call them and one way to use them. And that's the right way. Both Bitcoin, they sponsor our show.

Why? Because we love them. We use them. And you should too. Not custodial, right? This is what you want in exchange. You don't want anybody to hold on to your corn. I guess unless you really want to buy a home, maybe some people like to do that.

But in the States, well, over here, don't have that option. To buy Bitcoin with Bull Bitcoin, you've got to provide an address. This is what you want. They won't rug you. As for a non-custodial exchange, they give you different options, too. You could do recurring buys. You could do auto buys, limit orders. There's stuff that typically doesn't get offered on non-custodial exchanges.

You could pay your bills with them. You can send money to your friends using Bull Bitcoin through by sending Bitcoin to to builds. A lot of different things you could do. available in Canada, Western Europe, expanding it in Latin America, a whole bunch of places. If you haven't already jumped on board, what the heck are you doing? Do it. Use our referral link below.

If you do that, all your buys and sales forever are going to be cheaper. So check them out. They're the best. Best game in town, man. Where do you want to start? I suppose Friday or my God, I missed the show last week and I already forget the order of operations. Let's do some boost. Let's do some housekeeping.

So only three boosts this week. And first off, we got Paiez, Pais, 121 sats. And he says, Boomer doing big things, bra. LFG and a bunch of emojis, he puts and he puts hashtag 40 hours per week. So he's on board with the 40 hours per week stuff. Love it, love it. Mo BTC, dick, 500 stats. My eyes look fucking yellow or, sorry, or pink today.

Like, right? Like, what the fuck's going on? Do it? I get enough sleep. I don't do any drugs? What the fuck's going on? Anyways, clearly I'm not fucking under the influence of anything

aside from fucking water. Anyways, Mo BTC, the 500 stats. Great to have you, Boomer. Love you, Boomer.

Thanks for pinch hitting last week. That's huge, man. My voice is still not 100% back. 100%, yeah. It's close, though. It's getting close. When I first heard you talk,

I was like, shit, man. Like, you're still sick. Ongo. This has been a couple of months for you. The daycare thing is nothing to, You know, it's nothing to scoff at.

It's a big deal of daycare sicknesses to come through. I read somewhere that you can expect it to be like this as a new parent with a kid, even in a small daycare like my daughter's at, for three years. So see you in 2029, I guess. Hopefully not, Joey. Take the vitamin C. That's right. I got to get as much vitamin D as possible.

I got to talk to Ben about peptides. How many pet, can I get on some peptides to fix this? I don't know. Now, just go outside, soak in as much sun as you can and lots of oranges. Hamertown OG 5,000 sent us in very late in the game He says Canada might rank 25th in happiness And just by the way, if you didn't listen to that,

we did a list of Canada dropping in the happiness field Yeah, yeah, I listen to it. Yeah, yeah, yeah. So Canada might rank 25th in happiness, but we could all take small steps towards our long-term improvement. He says eat healthy, run hard, lift heavy, stack and hoddle, and above all else, listen to CBP. Take care of yourselves and look out for each other.

you, Hammertown, OG. Man, you got to send this in earlier. Because if I didn't check, this is like half an hour. This came into the... Love it. He's working. He's a working man. He's a working man. He's listening to the show.

We're coming home, sending the boost. I love it. Man, it's... Have you met him yet? I haven't. A couple of guys I talked to on a semi-regular basis that I'd like to get a beer with this summer if I can find the time. So maybe we'll do...

Dee and I did a meet up at the Collins Brewhouse last summer, or last spring, I think. Maybe it was two springs ago, actually, never mind. But it's pretty good. Pretty well attended. There's like 10 or 12 people there. And we'll do it again this year and see if we can get some bodies out. Should we talk about this guy in the comments? Kep 79.

Bitcoin was created by Epstein. It was the prototype for digital currencies and digital control grid. Y'all better wake up. At this point in the game. Jeff App, Jeff App created it. I'm wondering. The fact that we don't know who created Bitcoin, It creates this, you know, this mystery and this aura around it.

But now we're quite a while into this game. It's now running on its own without any intervention, any, any sort of arm twisting by the crater. Doesn't matter who created it. It could have been Epstein. I don't think it was. It could have been the CIA. I don't think it was. But at this point, I don't give a fuck who the fuck created the thing.

It's too late. It's out. It's who's maintaining it, who's running it, who's working on it, who's pushing it. for adoption. That's the stuff that really matters. So like Volkswagen, look at the history of that, how that started. Does it matter how that was created?

People still drive it today. People like their VWs, man. Yeah, for sure. Do you think that Epstein, the same guy, the New York financier, Jeffrey Epstein, would have the sort of patience

and caution to never sell his coins as the price ripped higher and higher and higher? Somehow I doubt it. Something to consider there. Dude bought an island somehow with meager earnings from Wall Street. He's a teacher. He's a school teacher. Got to give him credit.

He invested really well. He invested in the right people to talk to and to get to know. It helped elevate his game. Him and Nancy. Him and Nancy were ripping the investment meetings for sure. A couple of Zoom calls there really made off like that's the two of them. Nancy is God tier, but this is fucking legendary. Right?

To do what he's done with, at least she's been there for what? 30, 40, 50 years, you know, rubbing elbows with people of means and so forth. So you can understand how she got there. This guy in a short period of time. Fuck,

about an island. Legend. What's Nancy doing? Her husband is running around naked with some fucking... God, remember the hammer story? That was amazing. That was so good.

I totally forgot about that. So many crazy stories in the last five years. It's all just been such a blur thanks to COVID. Let's, You know what, I just, but before you go, like, you just can't. I'm going to have to raise the, the card.

I, I, I, I, you know, you just can't fucking overturn what I'm trying. My fucking viewpoints, they, they are valid here. It may not be valid out there. The equity card. But over here, this fucking card proves that my fucking. Did you, did you watch that high octane mental illness, the highlights? I sent out a tweet that got, it has 4,000 likes, including one from former premiere of Alberta, Jason Kenny.

about how high octane mental illness that that get together was. My wife is like, this is the thing that you tweet that goes viral. Like, this is the one. Like, oh, fuck, listen. That video, there's so many good videos of that meeting. And the Juno is like, what embarrassing weekend for this country, man. Oh, my God.

I can't believe it. I can't believe it. We'll talk about that in Noble North probably. Oh, well, yeah. Yeah. The house key, okay, I keep my card on standby. You go on the car. Housekeeping for this week.

We had no interview last week. This week on Thursday, I am talking to the philosopher, the teddy bear, and the Stoic podcast. It's Payman Ascari, J.P. Berg, and Eric, you know, Chris Erickson. I forget his, I forget his name. So don't hold that against me. I found these guys like a month ago. And they are well-spoken. I would call them dissidents and much in the same vein of like,

the Bitcoin ethos and I think a lot of just Canadians who are disillusioned with the current state of affairs with government and culture and all these different things and I said to myself, you know what?

I don't have anything planned for Easter weekend. Thursday night, I'll probably crack a couple of beers since I don't work Friday and I will talk to these guys and see where the conversation goes. I am actually considering doing it live

against my better judgment. Yeah, only because I don't know if I'll have time. to do all the stuff that I usually do with the episode. And Andreas obviously is, you know, going to be busy over Easter. But I'll see. Well, I'll think about it. In either case, look for that on your feed at some point in the next seven days.

I think it's going to be really good. If you haven't listened to that show, I recommend you give it a shot. It's on YouTube. They stream on Twitter the same way we do. And I think they have a big following on Substack, maybe, because on YouTube, they only have, you know, a handful of subscribers. But it's quite a good show. It's not optimized for YouTube the same way that, like, this show is,

Not that the show is uniquely optimized, but it's a little easier to watch on YouTube than the three talking head show can be. And I would just say, if you're giving yourself, if you give yourself 10 minutes with them, you'll be glad you did and you'll enjoy the conversation. So I'm looking forward to talking to those guys

and meeting them on Thursday night. All right. That's it for our team. Let's roll. Fannie and Freddie. Here we go. You want to talk about those? I think it's so important.

We've been talking about this for years. And I'm happy to see this is finally materializing. Yeah, well, we've kind of had something similar like that in Canada, but it wasn't backed by governments. But this is the first time we have had a U.S. government-backed Bitcoin mortgage product that is available. And they want your corn. That's essentially they want at least the ability for you to use your corn. And not just that, Bitcoin and USDC as collateral for down payments on a home. It's a surprise that U.S.D.C. is on the list.

and not any tether products because there's that new tether product that's been given the blessing by the U.S. government for usage in the United States. So I'm surprised they're not letting U.S. tether use that product as U.S.D.C. But either way, it's just more of a side note. And like I mentioned,

this is the first Bitcoin-backed mortgage that is given the backing of the U.S. government. And Coinbase is heavily involved in this move, right? The process for anybody that wants to take advantage, of it is the customer has to open up a coin base account. You have to have a coin base account. Without it, it's not possible to do this from what I gather. And with that, you could use your Bitcoin or USDC as collateral for purchasing a home. They're trying to lure people who have enough Bitcoin or USDC to fund a down payment and want to buy a home, but don't want to sell their

Bitcoin and be subjected to taxes. And I don't think you're subjected to taxes with US. You're not. No, you're not. So I guess this is only really. really applies to Bitcoiners for the most part. And the process is the customer would have to take out a regular mortgage and as well as a second loan that is going to be backed by either USDC or Bitcoin. And the second loan would be used to fund the down payment on the first loan. So you're going to be carrying two loans and both loans are going to be held by better. And they will hold your assets.

And they say once it's pledged, it won't be traded. It will be held at Coinbase through better. And even if the value of the Bitcoin falls, nothing changes on a loan as long as the borrower keeps up the monthly payments. That's pretty darn interesting. That is huge. That is the biggest thing in the whole story. Yeah. Yeah.

I find it very interesting. And the, so an example, like for people, what the fuck are I talking about? See, you know, a $500,000 home, the buyer could. pledged 250,000 worth of Bitcoin and get a $100,000 loan to cover the cash down payment. So there's options here if you have a lot of Bitcoin. I'm not sure who's going to want to part with it to buy a home, but I guess having optionality is a good thing. All this, they say, is going to stay in Better's Coinbase Prime account for the life

of the loans. So Better is going to hold it in their account through Coinbase Prime. And the Bitcoin will be returned once the loan is. repaid. And this does come with one downside because I did mention you got to get a regular mortgage as well as a second loan. Well, you're going to be paying off the interest for two loans for this duration of the loan of this product here. One interesting thing on top of all this, Coinbase 1 members are going to be eligible for a rebate worth of 1% of the mortgage value. They're really trying to push Coinbase their products and everything that they have over there.

And they say that 1% is going to be capped at $10,000. So it's not like you get like a massive home and get it's a huge thing. It's going to be capped at 10K. Right now, only Bitcoin. Right now, only USDC. They say they potentially could add other things. Maybe something like shitcoins, Solana, Eath, who the fuck knows? But right now this is what you have.

Who's going to use this? I guess it's people that through the duration of owning Bitcoin, accumulating all this Bitcoin don't have a house and they want to use their Bitcoin to do this, that's fine. Another thing to consider too is if you're going to use Bitcoin for down payment on a home, it's going to probably be a substantial amount of Bitcoin. You are K-Y-Cing yourself, right?

This may not have been K-YC'd. You may have accumulated this Bitcoin years ago, mine this Bitcoin years ago, accumulated it through acquisition of selling a service or good years ago, and it all flew under the Raider. But now, by doing this, you're going to say to the government, I have Bitcoin. I have a lot of Bitcoin.

This is how much I'm willing to say I have. I probably have more. And you know the US government, they have already confiscated a bunch of Bitcoin. I'm not going to say they're going to do it with this. But if there's ever something goes sideways, the people can't pay off their loans and they have to repossess,

well, what is the US government? Fannie Mae going to do? They might just end up keeping the Bitcoin. I'm not saying this is going to be a 60102. No, no, no. But there are people that go default with their mortgages. And what happens if they do a default in this case? Fannie Mae is going to be holding the bag.

And you know what? That's the U.S. government. And will they sell the Bitcoin? Who knows? Probably not. I would say the biggest thing here is the mark to market point that you made that the Bitcoin that you use for your collateral is never marked to market. Now that means, of course, that you don't get the benefits on the upside.

But Bitcoin generally is as violent or if not more violent on the downside. And so one of the reasons that loan products like this have been so dicey, is because you're forced to add capital to continue to meet your loan to value requirements. So, for example, with Ledin, you know, a friend of the show, if you take a loan with Ledin and Bitcoin crashes, well, they can call the loan if you don't put the capital down, which means you lose the Bitcoin and the loan money. And you still are in the hole for whatever you owe them. And it's a difficult situation to put yourself into because really you can't control what happens in the middle of the night with the Bitcoin price. You never know what's going to happen at the White House or in Brussels or whatever that's going to drive 10% on the downside, basically in a candle or two, right, one or two hourly candles.

So without that, you're really preventing yourself from being a sticky situation. Now, one of the reasons, you know, we talked about this, I don't know if you've agreed with this whole time, but I know I've been saying it for a long time that Bitcoin is the new asset for younger investors. And that means that at some point, to keep old games going, you have to recognize Bitcoin as an asset that holds value. If you want people to be able to continue to pump up your stock market, your housing market, these are the things that are at the core of many different systems in the U.S. For example, Fannie Mae, Fannie Mae mortgages are a big part of MBS portfolios, which is basically the backbone of the U.S. fixed income market. you need new money to come into these things. That's how this Ponzi works. And Coinbase, for all its negatives, has really cuddled up with the U.S.

government in this regard. And as you mentioned, it shows because you can use USDC or Bitcoin as long as you have a Coinbase account to do it with. And you get access to this vehicle. I like this a lot because I think most people who have Bitcoin from like 2015, 16, 17, those people want, they want to use it. they want to use it, but they don't want to sell it. And they may not have the same view as you or I do about custody and the same view as you do about KYCing themselves.

But one thing I'm starting to think about as I get older is you have all this Bitcoin. You want to do something with it. There's going to be vehicles to pop up that are going to become more and more enticing because that value is something that the market and the economy he needs to unlock to keep the game going. And so you're going to see more and more stuff like this. I personally think this is a great vehicle.

I don't know if I would do it. I'm fortunately not in a position where I have to sell Bitcoin. But if I was a younger guy and had $100,000 in Bitcoin, you had, you know, needed $50,000 for a down payment or $50,000 to help with a down payment, to me, it's a no-brainer. Because wages are not keeping up. It's hard to find employment. Housing prices continue to accelerate away from the median wage. And so if you got a chance to get a house, it's probably not that bad an idea to do so.

Especially if you're trying to start a family. You know, obviously we've talked about like the sort of natalism issues on this show a bunch times and a bunch of different silos. But to me, this is not a bad idea. The sad part is that Canada, once again, refuses to do this, right? The only way to do this in Canada is you have to sell your Bitcoin. And, you know, the other thing I'd be curious about in Canada, in the Canada of 2026, you know, If I sold Bitcoin to pay my mortgage or put a down payment on my house,

what is the likelihood that the bank would accept the money that came from that Bitcoin sale as legitimate cash? I think there'd be a problem there if I had to guess because this country just does everything just so fucking backwards at all times no matter what the circumstances are. So I wonder if that would be the case over here. And again, it's driving people to other markets, driving people to other products and driving people away from Canadian companies and Canadian real estate and Canadian businesses and all these different things.

I really like this and how Canada follows suit, but I doubt very much. I don't think Canada is going to follow suit. And the reason why is the next story kind of will impact or to kind of highlight what I'm trying to say. And it's Bill C-26. And it would propose this last week in Canada. It's the Strong and Free Elections Act. And it's supposed to deal with interference, foreign interference in elections. And it's trying to protect the democratic process.

Amazing. So the part that But not from the Chinese. Never from the Chinese. And one of the interesting things about the protection and they're trying to include is a ban on donating Bitcoin and political parties. Because it's hard to tell where the money is coming from.

And also this could be used as a way potentially to circumvent election spending limits. So you hear this story. Will Canada ever go follow suit with Fannie Mae? I don't know. Because it looks like at this point, they're trying to shut it away. they haven't stopped in the States the donating of Bitcoin to political parties. When they do that, then it's like, okay, this is trending in the wrong direction.

In Canada, they're doing this. And well, I don't know. Let's go further with the Free Elections Act thing that they're trying to do. Because I find this to be interesting. UK, by the way, has also did the same thing. I read yesterday. And we all know what's going on in the UK and how well things are going over there. one thing to note that if you do wish to donate in Canada and you wanted to use Bitcoin

and if this comes true, that's one less way that anyone could anonymously donate to a political campaign. More surveillance, you bet. That's all this coming here with it. And they say anybody caught in violation of this can be charged up to $25,000. It's crazy. One quarter of a Bitcoin, give or take. And the problem is, let's be honest.

Anybody who's unbanked or have been unbanked individuals. They're not voting. Yeah. Well, they're already having a hard time participating in the election process right now. They can't donate because they're unbanked. Supporting the candidate that they like. It's very challenging to do. And now you chop them at the knees and they can't donate Bitcoin.

I don't know, man. It's just, it's just so. So brutal. You know, it's funny. It's funny because Canada obviously is not, you can't do PACs in Canada. So if you want to donate, you have to basically be an individual donor. So a corporation can donate or an individual can donate, but you can't set up a political action committee. So I think a lot of people are looking at what happened in the States with Trump.

Trump on the back of basically the people who felt disenfranchised by the policies of the left went from completely underwater, banned from social media. abused by the legal system, clipped at the knees for everything he ever said and did. They tried to pin rape charges on the guy. And he was brought back to life and put back in the White House in no small part thanks to

the capital coming from people who felt disenfranchised. And that capital came in the form of sweat equity into the campaign. It came in the form of donations. It came in the form of social media posts, all these things. And what do you see in Canada? You see attempts to ban certain things on social media under the guise of hate speech or things that are not in the public

interest. You see attempts to track people's anonymity or a race, I should say anonymity via tracking. And now you see an attempt to ban political contributions from an asset class that everybody knows is the asset class that disenfranchised. And the best part is that the people who hold Bitcoin have a fuck ton more money and more capital than anyone on the left of us. anyone. All these people on the right have more capital than the people on the left. And so if there was ever a quality candidate that emerged for the right, the likelihood that these people would be willing to spare a few shekels to help that candidate becomes more significant. And if Bitcoin helps them do it anonymously, they would want to do it. They would want to do it.

Now they can't. And so it's, again, it is truly diabolical, dynastic thinking from the liberals, I think, and I applaud them for that, that cunning. But I think if you're a Canadian, you've got to hate this. Got to hate this. I mean, there's a lot of things you hate at this point coming from, coming from Ottawa, unfortunately. But this is a tough pill to swallow because I think it's a lesson that was learned all across the modern world in 2024.

And they're not interested in learning it here in Canada. They'd rather just prolong this red dynasty as long as they can. And it is going to be a dynasty. We're looking at, yeah, between the NDEP, floundering and just being retarded at every chance they get. And the conservatives just being so milked toast, unwilling to stand on anything. You know, truly Uniparty stuff, right? Like, you know, Pauliev loses the election, loses his seat.

And then the conservative party ships into Alberta to quell the separatist movement or try to. Like, I mean, this is a, it's a joke. The liberals. I don't think that was the reason why they said. Maybe not. Maybe not. But I'm starting to really, I'm starting to really, you know, get into this idea that the outcome is the purpose. And that seems to me to be what they tried to do. Whether he did it

successfully or not is a different story. But, you know, these guys are going to be in power for a long time. And the bill's coming through now. You hear Gary, uh, um, just Gary. Yeah, Gary Aber Cadabra, whatever's last name is talking about how if people don't turn in their guns, they had a 2% cooperation rate with the gun registration and turn in. And he's planning on sending retired RCP agents door to door come to fall to get the rest of the guns. Like, like, there's, something brewing here. And then when you have young people that have ideas that they want to exchange with each other, there was a recent poll that came out just today.

I don't want to make this a notable story notable, but it was a poll that came out. 75% of people say that they are in favor of a ban for youth under the age of 16 from using social media. A lot of people, they like this idea and they're going to push the government to try to make this a reality. They have to. The kids are not stupid and kids are some of the people that are getting pinned by this. I said on Bitcast last week that the thing to keep in mind about revolution is that the

mother of revolution is not necessarily hardship. Okay. Harship is part of it. But the mother of revolution is memory. And so if you start reminding people what was five years ago, 10 years ago, 15 years ago, in terms of economics, in terms of family, in terms of safety in terms of wages, in terms of community, in terms of immigration. Like, they will revolt for those outcomes.

And so it's in their best interest to get people young, keep them off the internet, ban anyone talking about how immigration is a stupid idea. I'm just so sick of it. I'm so sick of it. And I think a lot of people are sick of it. We had some friends over on the weekend. And these people are dear friends of my wife and I. And so I will not disparage them, but I will just note that two years ago,

You know, saying to them that they have to consider whether or not they want to live in a neighborhood that is 100% Punjabi Indians coming from third world villages. You know, they have to make that consideration before your neighborhoods overrun by those people. And, you know, the woman in the relationship was saying yesterday or on Sunday, or on Saturday, I should say, that, you know, she wanted to be on their side and wanted to stick up for them. But, God damn it, everything they do just makes me hate them. And, you know, I think a lot of Canadians are starting to feel this way. And so there's this push now to make sure that no one can say it.

And it's just like, it's incredible things that are happening right under our noses. And it's allowed to pass because the boomers make up the majority of the vote. They vote as a block. And it doesn't affect them.

And then when you watch a hockey game, some of the commentary is going to be in another language and even the national anthem sometimes they'll say. And it's funny. People say you're overreacting for not, liking it. And I just say just people like like you you can't you have to you have to understand when the water is getting warmer because by the time it's boiling it's too late. And people don't they just do not care about the water getting warmer. I've been saying this for a lot of time.

I just I don't want to repeat it. But I want to just correct something. John mentioned it's I think I said C26 is indeed C25. I think I quoted the wrong bill that was proposed or so. there you go. So it's Bill C25. That's what we're trending. It's a wonderful place. Yeah. And I don't want to make us too much of a notable story section.

This is more Bitcoin side, but that was something. You know, kind of on that topic, let's just kind of morph to the next one. Because Canada is going to legally allow DGens out there to be DGens. And they're doing so because Wealth Simple was given the green light to offer up prediction markets to some of their clients. And so Pauley Market, you can move over. There's a new contender to deal with. And so, well, simple, even though they were given to Green Light, they're not the only game in town that can do this.

Interactive Brokers Canada has been offering up this type of service to Canadians. But it's not going to be like the Wild West. Like, it's not going to be like that respect to shooting. No, no. There are going to be some rules and restrictions when it comes to this interactive, sorry, prediction market stuff. They say that they're going to be offering up contracts for the following stuff. It's fucking great.

You can bet on inflation. You could bet on the interest rates, employment data, bond yields, daily high temperatures. You can bet on shit like that. It's a new form of red and circuses. It's crazy. It's actually nuts. Red and circuses. Well, Simple hasn't yet told us when this is going to be rolled out.

But this, I see this. It's end of empire stuff. that they're just fucking right like what the fuck how could you be given this product and say yeah man this is great stuff I want to do it I'm making no money because as you mentioned the wages are being outpaced by the cost of living but I'm going to make up that that difference by betting on a daily temperature high tomorrow I know it's going to be hired in 15 selfiest I'm going to bet my fucking it turns out of me 14.9 uh-huh well what do you say what do you say to people like We just obviously talked about this like social media ban for kids.

Under 16, you can't go on social media. 18, you can gamble on the temperature highs all around the country. Under 16, you can't go on social media. 18, you can gamble on unemployment data. So you can like bet on the decline of the country. The unemployment data obviously is like completely brutal right now. I think it's like 13 or 14% if you include people uninterested in the economy, right? Like it's truly like debilitatingly bad for a huge percentage of the population.

You have immigrants stealing from food banks. You have crime being committed by the same two or three demographic groups at all times. And instead of trying to fix this stuff, the government is telling 16-year-olds they can't be on Twitter and allowing 18-year-olds to gamble on everything, basically. I don't know. I don't know what, like, Welsh people basically has no choice in this because they have to be sure. They have to offer it. Yeah, they have to offer it. And so, like, you know, they still, I just want to say about Well, Simple,

their core product is still quite good. It's improved over the years as well. If you want to be like an average sort of RSP, ATSA investor, you want to even buy Bitcoin there. I think you can actually take it off platform now. So they've improved the product. Yeah, they've improved the product significantly over the years, the core product. But, God damn, the stuff on the peripheral just keeps getting worse and worse.

And we have this problem already with time preference and financial nihilism. all over the world. Canada is not exempt from this, of course, but all over the world, we have this problem. And now you're telling me that part of the fix is allowing people to gamble on economic data, allowing people to gamble on, like what does this fix? The answer is not much. And so, you know, for the Bitcoin crowd, this is another example of why you buy Bitcoin because this is a whole generation of people, obviously, who are interested enough in doing something like this, because they need to get rich. They have to get rich to participate in society and participate in the economy. So they need to take mood shots.

And mood shots could be, you know, betting on the low of the day on the thermometer, I guess. I just wait. This is, by the way, at, you know, AI basically zero in terms of economic impact. Like, what's it going to look like in a year or two years, you know? People are going to be throwing their UBI money on wealth simple and gambling on prediction markets. Is that the, you know, is that the, is that the, is that the, is that, is that, is that, is that, is that, the outcome because that's that's the obvious sort of next step here you can get ubi because you don't have a job and you're going to be allowed to put that ubi on well simple and then

gamble with it is that what i'm hearing the options are the limitless talk about red and circuses man 100% yeah it's the the land of opportunity you can roll the dice on a shit coin or the interest rates are going to be going up or not and with that you can make bank and fund your not retirement, but at least for the next six months because you're always stuck in Fiat and that thing just continually gets wrecked. Another thing that gets wrecked is Binance and their ability to hold on to user data. If you are a finance user, I'm not sure how many are left in Canada, given they got the boot not too long ago, beware because 150 million login credentials for Binance were apparently

leaked this past week. And the amount of data that was stolen is humongous. 96 gigabytes worth of data username, passwords. And what this means is you're going to be a lot more emails going out there trying to trick people into giving up their keys. We've seen this countless times with ledger users because they had their customer information hacked a couple of times at least. And you have now these fishing emails and all these type of emails coming out to try to

lure people into giving up their information, giving up their keys to their Bitcoin. The same is going to happen now, the Binance. But let's be honest, a lot of Binance users are not just holding on the Bitcoin. Maybe not even at all. There's a lot of shitcoins. But either way, Binance users are now going to suffer the same fate. So if you are a Binance user, it's recommended to change your password to reset it because this information is now out there.

Nothing else to say. This is just more of a warning for people up there that still use it. You risk. The only reason you're using Binance is because you're gambling. There's no other reason to be there. And so I'll just, you know, boomers saying in the chat, high time preference, dopamine economy. If you're on, if you're on Binance, you're subjected to these things.

There's no reason to be on Binance, especially in Canada. You got to find a workaround to use the platform. Why? So you can gamble on ontology coin, denticoin, the future of decentralized dentistry. Trade ogre was feeling that. Is tradeover still? It's probably open still. Yeah.

No, didn't it go down? It was taken by RC&P. Oh, yeah. That's right. We did talk about that actually, I think. Fuck, I think it's, I don't even know what the website is. That's funny.com. Hang on. This is fucked up that we're going to trade ogre.com.

It's still going. Yeah, it's still down, man. Yeah. RCMP. So too bad. We lost a good one there. Our coin was traded on there. Remember, Manny Manera was buying Rcoin many years ago.

What's our coin? R, the pirate coin. Oh, that's right. That's right. Or like Pepe Frog, like Pepecoin or Frog with Hat was on there, I think. There was a bunch of like crazy shit people were buying, trying to outperform Bitcoin. Everyone had this idea. I'm going to put it into yield. I'm putting it into staking. I'm putting it into like, dude, if you were in anything with Bitcoin over the last two or three years, you got cranked, cranked on your bottom line. Ledger users out there. Here we go. Brought to you, brought to you by Ledger. The retardant of the week brought to you.

by ledger. No, I don't want to pick on ledger and the ledger users, but they came out the product, Not Too Longo, that hat where you could put the devices and keep them in there. You can show off your devices you walk around. There's some interesting news that came out of Hong Kong for people traveling over there. If you plan to enter into Hong Kong with a device, like a ledger or any other device out there,

be ready to bend over and give up some information because the authorities now have the ability to ask you for passwords and pins to get into all devices, including your phones and shit like that. And if you don't want to give that information to them, well, you could potentially be arrested and also find up the 13,000 USD. And you could be put in jail for one year. So if you're going to be traveling with that ledger device in your hat, be ready to give up that information.

So it's all the more reason for people out there that are relocating and all that. It's something you've got to remember the keys in your. your head is very safe as long as you're able to remember in order those 12 or 24 words. A lot of people are thinking of other creative ways to store, like on cloud or anything, but anybody that's doing it on cloud could mean that somebody else could get it from the cloud. If you're not listening to yourself, somebody else is doing it, somebody can hack into it and even the provider themselves, they could get it.

So be very careful if you are traveling to Hong Kong. Be very careful if you're traveling anywhere with any of these devices. They could ask this shit from you. There could be a target on your back. Just remember those words. It's not that hard to do 12 or 24 in order. Do a rhyme, do a song. Especially if you're traveling.

Like, if you're traveling, there's no excuse not to just do a 12 word seed and travel with it. It's like for people that are relocating more than that. Yeah. Yeah. Remember there's border wallets too and sparrow. Like this is a number of different options you can use that don't require you to carry a signing device. Hard to, hard to say why this is happening. I know Hong Kong, you know, in the past, Hong Kong was sort of this financial freedom hub in Asia, right?

And still in a lot of ways, it is the financial hub of the region. But this is an interesting about face for them. Very strange. You know, I didn't expect this to become policy there, certainly not this quickly. Well, 1997, it was the turning point for Hong Kong, right? Yeah, yeah. So things that I think have changed a lot since then. It's going to continually change.

They haven't, but they haven't really. Like, I mean, where's the stories? Like, we don't, we don't have to talk about like, this is the only, the only one, the first one anyway. I wouldn't go there and expect to have my freedoms and free speech. Yeah, I doubt it. Yeah. Yeah. Okay.

Host Plus, never heard of this pension plan. It's Australian pension plan before, but it's made some news this past week. And it's a relatively large pension plan. they have 2.2 million people under its wings. And these guys and gals, and I guess everything else, I got the card here to prove that I respect everything. They manage around $100 billion in assets.

It's a decent amount. What's funny is that pensions, let's be honest, they got to be conservative in nature in their investment because they don't want to get wrecked. But since this pension plan has so many young people in it that make up part of this pension plan, they're getting requests for it by these younger folks

to invest in stuff like Bitcoin. And so they decided, you know what, I'm going to listen to my clientele, listen to my customers, and they implemented new measures and welcome the Choice Plus platform. And this is a way to allow pension members

to integrate Bitcoin somehow into their pension. And Choice Plus is a self-directed option that's going to allow people to allocate a portion of their pension into Bitcoin and this could launch sometime within the next year to year and a half. The question remains is how did they plan to buy the Bitcoin? Well, we don't know. But in order to use this, you first need a balance of at least $10,000.

So it's not going to be somebody with $10 in their pension plan. They need somebody that has at least a little bit of skin in the game. And as I mentioned, they don't state how they're going to be buying Bitcoin and no clue if it's going to be exposure to an ETF or actually buying spot and using something like Coinbase to hold on to it. No fucking clue. Let's see how this plays out. But it's a step in the right direction to see how pensions can do it and offer up options

to their customers to allow for some Bitcoin exposure, some Bitcoin allocation. I can't look at this morning to say it's shit, at least at this moment. It could turn around to be shit in the, but in the future. But right now, I like it. The average member of that Choice Plus pension plan is about mid-30s now. That's very young. So, yeah, you got to figure. Yeah, well, I mean, yeah, to be invested in that.

You got to figure, so they're retiring, you know, let's say 2055, 2065 maybe. Do you want to be in bonds or do you want to be in Bitcoin over that stretch? A hundred percent Bitcoin. In fact, today somebody asked Grohl. And I don't want to use grok as the answer for everything. But somebody said, if you had a million dollars to Yolo for 10 years, what would you put it in? You put in an ETF that follows the S&P 500 or into Bitcoin. And it said, you know what, 10 years, 100% Bitcoin.

It's a no-brainer. Who isn't the fucking do anything that's going to be with, as you mentioned, bonds? Well, the thing is like the bond risk is so significant because not only because of the printing, but because you're, like, you know, I'm not a big dial. Yeah, I'm not a big Dalio stand. But the lock-in is one thing, but you're at the end of this cycle. Like, you're at the end of Fiat money here. Whatever comes next is not going to look like this. And I can't imagine being in a vehicle that's reliant on one of the weakest currencies on the planet, right?

The Australian dollar, there's no way that that's where you'd want to be. U.S. bonds, maybe you could make the case to me. EU bonds, maybe you could make the case to me. UK bonds, maybe you could make the case to me. but Australian bonds? It's not one of the stronger currencies out there. Yeah. You know?

And so like I think this is a no-brainer. And the Australian petro system is about $4.5 trillion. So let's say they get, again, like not to be one of these like, you know, clickbader type guys, but 1% of that, Len? Can we get 1% of that money into Bitcoin? That's pretty significant. I don't know. The thing is like, you know, to draw on an old analogy that we make on this show a lot, it's a signpost, man. Like, we've talked about the shifting demographics toward Bitcoin.

Actually, this is a big part of the presentation I gave at Mike's, Mike Campbell's conference. The demographics are shifting in a way that will demand investment into Bitcoin. Even as the boomers die and sell gold, right, it'll go into Bitcoin. Even if boomers don't die, they are forsellers of all this stuff. They're four sellers of bonds, four sellers of gold, four sellers of equities. That money, you know, as it's past the kids or when it's past the kids, is it going to go back into those vehicles? No, it's not. Nobody wants bonds. Nobody like there's a case to be made against equities too for the same reasons that I outlined earlier. I think Bitcoin solves a lot of those problems. And also just even apart from all this stuff about safety of currency, safety of lock-in, geopolitical risk, the end of fiat cycles. Man, isn't the other thing just that people in their 30s are digitally native? I'm not afraid of Bitcoin. I'm not afraid of it. I want to have an allegorical.

to Bitcoin. And it doesn't have to be all of the money if you're, you know, planning your retirement and you're my age. But I don't know anybody who wants to have none. Even the people I know who have none don't want to have none. They're just too lazy or they drop off at the first point of friction, blah, blah, blah. Like I think it's, I think that number is really growing. And people are not, it's not priced in, you know, to extremely bullish on Bitcoin. How could you not digest what you just said and say, only fuck, Bitcoin is not going to sort in next 5, 10, 15, 20 years. It's going to go absolutely fucking bonkers,

especially as the buyer of last resort keeps buying those fucking bonds and checking the currency. The fact that that has to happen, they don't find anybody and then they have to buy it themselves. That's a telling sign of this thing. It's just a fucking joke. Totally. If Bitcoin, you sell it, it's just, it finds, you know, a buyer,

whatever the price is. And it's a beautiful system, right? There's nobody out there trying to inflate it artificially. Maybe tether, somebody can make an argument. But I don't give a fuck about that, to be honest. The show is not complete without some tether shade. You know, I don't have a clue about what's going on over there. To be honest, I don't have a fuck.

I don't give a fuck about that. Yeah, I would you know. But one thing that I do want to talk about and I think you're going to love this story is MSTR, their Bitcoin security program that they're going to be rolling out. They announced it that they're going to be dedicating this new program and it's aimed to unite global cybersecurity experts, Bitcoin developers, researchers to address threats with a primary focus on the long-term challenges posed by quantum computing.

There's three key points here that three technical points that they want to address, the advance the threat analysis, that's the monitoring of the network level vulnerabilities. key management solutions like standardizing secure private key storage and multi-sig designed optimization. So that's a word salad. And I'd love to have more of a private company, oh, sorry, a public company, at least a company out there get involved in this shit. I don't fucking believe what's trying to defuck you.

Like, you know what? This thing is just, you're trying to just impose your will and the network and try to create some garbage here. Fuck off. Let's let's this thing work out in a decentralized manner. But strategy, strategy giving a security lesson when they don't hold their own Bitcoin pretty rich, don't you think? I just read this.

And the one thing I'm happy that anybody can participate. Yeah. And we could reject any ideas we don't like. Bring forth whatever you want. All the more power to you. I still think quantum is a risk. I know people who listen to this show don't think it is. But it was an immediate risk or like medium short?

Like five years. Like five years. Okay. It's a five year risk. And I'll just, you know, to reiterate for people, we've added a lot of subscribers to this channel over the last few months. To reiterate, the reason it's a risk is because you, you're in a position in Bitcoin where you know quantum is coming. It's not a question of if it's coming. It's question of when.

The only disagreement is about when. You have to act to protect coins, wallet. addresses whatever from quantum in a position of uncertainty because by the time you're certain about this, it's too late. Why is it too late? Because we don't have, to your point, a centralized sort of governance model that will allow us to make a change quickly when the change is needed quickly. And also just from a block size standpoint, the number of coins that will need to be moved, the wallets that will need to be accessed. will clog the network in a way that you cannot imagine.

And so you have to act on this before you're certain that the problem is at your doorstep. These are the facts of the matter. These aren't questions. And I see John in the chat saying it's not a technological risk. It is. Of course it is. If you've spent from your address, your address is at risk. So there's a lot of addresses that have this problem.

And it needs to be it needs to be remedial. before it's too late, in my opinion. So that aside, the MSTR security thing, I think is rich because all this guy does is tweet shit about how everyone wants the Bitcoin plus volatility. And now he's talking about securing Bitcoin that he doesn't even hold himself. So, I mean, why is this going to be, is this going to look a lot like the, the strategy development, you know, attempt, effort that went. sort of without fruit, without fruit over the last like three years?

Is it going to be the same as that? Or is he going to actually try and put some weight behind this? I ask because the people who will be working on some of this stuff, I mean, who in the Bitcoin space that can help with these problems has a positive view of Michael Saylor or micro strategy? That's a short list. So where are these people going to come from? Wouldn't they just do this on their own?

What was that? there was an initiative that micro strategy was part of I fucking forget the name of it the mining one the mining council the mining council thank you good memory you know why I remember this because this is the only time

Sailor went on a show unscripted and it was Marty's show and it was Marty against like three people from that council and I don't think Marty was ready for it but he fucking cleaned their clocks and Sailor looked stupid and ever since then he only does control

controlled environment speaking engagements. That was the thing for him, I think. I'm not against him or having micro strategy, whatever fuck you're going to call him, do anything like this. They could do whatever they want. No, I'm not opposed to it. But like pragmatically, how's it going to work pragmatically? No one, I don't know.

I don't say no one likes them. But like that community of people who would be working on this and are Bitcoin Puritans, right, they don't like him. They don't like MSTR. They don't like the yield. They don't like any of the bullshit. They don't like the AI slop. So why would they help them?

Why not just do on their own, right? What he's trying to do is what he's trying to do is centralize the governance model a little bit to get people aligned and move the needle, which I appreciate. And I think that's the right thing to do it. But he's not the right guy to do it. I think it all boils down to this. Maybe not specifically this dollar, but you know what I mean? Money? Yeah.

Yeah. He's got a lot of money riding on that. For sure. And he's able to generate a lot of free money too by borrowing it and paying, not paying people off, but at least incentivizing people to do certain things. And it could be possible. Who the fuck knows? Sure.

David Sachs. Let's talk about that last story, I guess. David Sachs, no longer working for the White House in the field of AI and crypto. And from what I understand, he could have only served up to 130 days in a year in this position. Yeah. So that time is or just about to lapse. So it's not like he was fired for a position.

It's just the way the position was structured. And the genius act, right? How long was he? That whole thing was a flop. The whole CryptoZar thing was total flop. AIs are total flop. The strategic Bitcoin Reserve, I'm not sure how much. I don't know if it's a flop.

It wasn't audited. I'm going to side with my guy, Pleditor here. I think Pleditor's wrong about a lot of stuff, but he's right about this. all they had to do is audit the supply and they couldn't even do it. No Fort Knox audit. No fort Bitcoin audit. AI is the Wild West still. You know what?

I agree. Like what do we get out of this? All I hear from the White House is we have to take away regulatory red tape. Fine. How's that going? Like, you know, it's nothing is, nothing has markedly improved. Correct. You spend Bitcoin.

You still have to pay. Yeah. So like, what are we talking about? But they say, oh, you know, you can mine with. with no resistance. We're not going to come on knocking your door. And I can do shit that you could do before. We told Elizabeth Warren to stop

DDoSing you with fucking letters. You have to respond to. But they're behind. It's still relatively new in this grand scheme of things. In terms of like them keeping it and not selling it. I guess. But, you know, auditing was the thing.

It wasn't the establishment of the reserve that I cared about. It was show me what you have. So we can see, you know, like. Like I said, this is still relatively new. I'm not trying to give them. a pass they could still easily do it it's not like it's ms t r that chooses not to do it after years of holding on the bitcoin yeah right refuse right so like let's you know if they if they choose not to do it in year four and five a fuck and they're like what the fuck you guys doing and if it's

a risk like come on you're just basically telling us how much fucking bitcoin you have and it's not the end of the world right like you give us give us proof of that yeah but that's it I think we could because there's so much to talk about it. Yeah, yeah, yeah. Yeah, yeah. You got a lot on the back end here. Let's get to it. If you're on video, stay with us.

If you're on audio, come back tomorrow for the back half. We'll see you then. Don't be a cock.