You're The Voice | by Efrat Fenigson - What COVID Taught Me About Money & Control - Efrat Fenigson | Ep. 104

Episode Date: November 6, 2025

In this interview with Viva Frei I talk about my path from freedom activism to Bitcoin. I was born in Israel in 1980 to a family of Holocaust survivors and builders of the early state. During COVID I watched Israel impose coercive measures like the Green Pass and saw a sign that said “Reserved for vaccinated only.” It reminded me of my grandfather’s stories from pre-war Europe and pushed me to protest. That experience made me study freedom more deeply, especially in money. I learned how fiat, inflation and fractional-reserve banking rob people, then discovered Bitcoin as sound money with fixed supply and no central control. I explain how it differs from crypto and from CBDCs, and why self-custody is the foundation of sovereignty. For me Bitcoin is not just money, it is a stand for human freedom.► If you got value, please like, comment, share, follow and support my work. Thank you!-- SPONSORS --→ Get your TREZOR wallet & accessories, with a 5% discount, using my code at checkout (get my discount code from the episode - yep, you’ll have to watch it): https://affil.trezor.io/SHUn→ Shield your bitcoin with time-delayed transactions over multisig with BitVault: https://bit.ly/bitvault_efrat → Have you tried mining bitcoin? Stack sats directly to your wallet while saving on taxes with Abundant Mines: https://AbundantMines.com/Efrat – AFFILIATES –→ Get 10% off on Augmented NAC, with the code YCXKQDK2 via this link: https://store.augmentednac.com/?via=efrat (Note, this is not medical advice and you should consult your MD)→ Watch “New Totalitarian Order” conference with Prof. Mattias Desmet & Efrat - code EFRAT for 10% off: https://efenigson.gumroad.com/l/desmet_efrat → Get a second citizenship and a plan B to relocate to another country with Expat Money, leave your details for a follow up: https://expatmoney.com/efrat → Join me in any of these upcoming events: https://www.efrat.blog/p/upcoming-events -- LINKS –This interview on Viva’s Rumble channel: https://rumble.com/v70qdei-live-from-lugano-plan-b-in-switzerland-w-efrat-fenigson-and-prince-filip-ka.html Viva on Rumble: https://www.youtube.com/@VivaFrei Viva on YouTube: https://rumble.com/user/vivafrei?e9s=src_v1_cbl Efrat's Twitter: https://twitter.com/efenigsonEfrat's Channels: https://linktr.ee/efenigsonWatch/listen on all platforms: https://linktr.ee/yourethevoiceSupport Efrat's work: ⁠https://bit.ly/zap_efrat -- CHAPTERS –0:00 - Coming Up…01:34 - Efrat’s Background and Family History05:31 - Protesting Covid’s Green Pass in Israel08:26 - Efrat’s Intro to Bitcoin & Gold11:26 - Fiat Money, Inflation & Sounds Money20:09 - Major Difference Between Crypto & Bitcoin22:49 - Bitcoin’s Decentralization & Satoshi’s Story24:49 - CBDCs vs. Bitcoin28:19 - Future of Bitcoin & Potential Risks33:19 - Conclusion

I'm in the one country that I'm supposed to be like the safest. The promise that Jewish people have been given, Israel is a safe haven for Jewish people, and now I'm being discriminated against, and all these coercive measures are taking place. And at that moment I said, for my grandfather who's already passed away, I am going to fight to make sure that what happened there is not going to happen here,

or at least I'm going to do my best to raise awareness for this bullshit. Inflation is basically the notion that the state and the government can print as much money as they want when the supply is not fixed and they devalue you by inflating the supply of money. Bitcoin is the only truly decentralized monetary asset that sits on hundreds of thousands of servers around the world that hold their own keys in self-custody and they don't need permission from anyone to use what they've got. Bitcoin doesn't care. It just keeps on moving. Every 10 minutes a block is being mined and more Bitcoin is being released into the world and people keep using Bitcoin even if the state tells them that they can't do it. I started my

Bitcoin journey on the search for freedom. I came for the hedge because I wanted to protect what's mine and I stayed not just for the revolution but also to enjoy the benefits of this thing. This is the most amazing revelation I had in my life. Good morning, everybody who's here physically and digitally or numerically. It's 3.20 in the morning, I think, Eastern Time. So I imagine my regular audience will be catching up on this when they wake up, except for the European side who might be watching right now. We're live from Lugano, Switzerland.

and for those in our viva barneslaw.locals.com community you know a bit about the history of lugano i've been looking into this it's it's phenomenally cool battled back and forth between como and milan became part of switzerland in 1513 uh what else was interesting about uh lugano the lake is a thousand feet deep and roman roman uh not romanians roman settlers first appeared here at least evidence of one bc but today we're talking bitcoin although i think this conversation is going to meander with Efrat Feniksen, who my community might know, and I think we probably have some overlapping members of our community, but Efrat has a podcast. It's called You're the Voice. I don't know where she was born or raised, and I want to get into this in

a bit, but Efrat, so that I don't mangle your bio too much, let the world know who you are before we delve into childhood and how you got here. Good. Thanks for having me. This is super cool. So, yeah, we do have a lot of overlap. Freedom Movement is where I come from, into Bitcoin. Super exciting. I was born and raised in Israel in 1980. And I've lived in Israel until I was 21. I moved to Australia for six years. I have dual citizenship today. I lived there until about 2007. I went back to Israel and lived there since, had my first and only son in Israel, and today he's almost 16 years old, and he lives in Australia with his dad now, and I get to be a digital nomad and travel the world. That's very cool.

So born in 1980, how many siblings do you have? Two. And what did your parents, or what do your parents do? So my father has a metal industries factory, one of the largest in Israel. who is one of the biggest industrial pioneers in Israel for the metal industry. And my mom was a teacher for 35 years. And then she joined, they're both like 70 plus years old,

but they're still working. And she joined him in the factory. And now, and it's a big family business. So a lot of like cousins and uncles, and they all work there in 150 people factory, work still today. Very cool. And if I may, I'll stop after this,

but when did they get to Israel? Were they there post-Foundation? So my grandparents from both sides, from my mom's side and my dad's side, both arrived to Israel in the 50s, actually in the 40s. So on my dad's side, after the Second World War, my grandfather is a Holocaust survivor,

and he spent time in 13 concentration camps, survived Auschwitz-Birkenau in the end of the war, and came over to Israel around the time of, just before the declaration of independence of israel my grandma came from belgium she was hiding actually here in switzerland for five years with her younger brother they crossed the border by foot from belgium to switzerland and hid here the whole family was murdered from both side and sides sorry and on my mom's side my grandma came from libya and libya libya yeah tripoli that i've got like I'm a mix between you know the Ashkenaz as they say and the Sephardi and my grandfather

came from Turkey slash it's Izmir like Greece Turkey so a real mix and they all met in Israel in refugee camps and and then they built some kibbutzim so my history my grandparents history is full of the story of Israel as they were building it or coming into it so I have like personal testimonies about many of the things that has happened in Israel as the country was getting its independence around the 40s and 50s. Okay that's fascinating and well this would be another topic for like another three hour deep dive but to get to where you are right now I think it's relevant to understand and I like to before I interview people go see their oldest video on the internet. Oh my god. One of the more recent ones to the oldest it's amazing to see the

evolution of a channel of a person over time one video that I saw and I think it explains who you are more than anything was protesting on the streets in Israel protesting the green pass and one of the things that I've never understood is how I mean I'm from Canada and we were on lockdown in Quebec more so than the rest we went crazy I didn't understand how Israel went as crazy as it did with the green pass with the max mass vaccinations and to see you protesting on the streets it's now like near five years ago yes brought back memories but how did things go downhill or get so crazy in israel where you think you wouldn't have that type of digital system right so short story i was shocked that that's what happened and how fast it has happened i was

walking down the street near tel aviv beach and i'm arriving to that touristic place down in frishman beach in tel aviv and there's a big bench green bench for tourists so normally it has a saying in english saying like welcome to tel aviv or we love tel aviv and they replace the saying on the bench it's like a huge bench and it says reserved for vaccinated only in in english it's like for tourists so i look at it and at that moment i had a flashback to my grandfather's story from belgium before the second world war he's telling me how he walks in the park and he sees this big bench with a sign on it saying not for Jews so it's like and then I go hold on I'm in the one country that I'm supposed to be like the safest that's the story the promise that Jewish

people have been given Israel is the safe haven for Jewish people and now I'm being discriminated against and all these coercive measures are taking place and at that moment I said for my grandfather who's already passed away I am going to fight to make sure that what happened there is not going to happen here or at least I'm going to do my best to raise awareness for this bullshit and I started protesting and people were just and until that moment I always had since I was growing up I had a question in my head how come the holocaust has happened from the point of view of people just humanity normal people living their lives how would they allow something like this to happen and at that moment I knew how when you instill so much fear and propaganda into people

it's very easy to make them behave insanely full of hate and like no rationality towards each other. And I saw that happening all over again. So I had my answer to that question, unfortunately. And since then, I think we've been seeing it unfolding again and again with another crisis and another emergency and have you. And it's just like clown world. It's amazing.

Back in the day where you appreciate not history repeating, but history rhyming and it's a famous Mark Twain thing and early on in the days of COVID so I was reluctant to to use those comparisons those analogies but then at some point you realize like it doesn't have to be in the same distance to be in the same direction and it was in the same direction that it started well first of all yeah I went crazy during COVID and that's when people said oh now you're now you're part of the extreme whatever when did you start getting into were getting wise to the relevance, the potential of, say, cryptocurrency in general, but I know it's Bitcoin in particular with you. That's correct. With me, and by the way, with most of

the people in this conference, and most Bitcoin conferences. I didn't mean you to single you out, but the Bitcoin mass will say it's only Bitcoin and all the other stuff is garbage. But when did you start getting into the idea of crypto? So that happened around the end of 21, beginning of 22, as COVID was happening. And I was still very, you know, you could say an activist, and I was in the streets and I was in the search for freedom and I was in the calling for freedom and I was pursuing as many you know avenues of content and solutions as I could found to become more sovereign and to try and minimize my interface with the institutions as much as possible and when I realized what the government has done in terms of overreach to my human rights and my

bodily autonomy, I was clear that they're going to do the same. But next time, it's going to be on another vector of my life. And probably it's going to have something to do with money or private property, because that's the way governments behave. And so I wanted to educate myself about money. So I started learning, found out about fiat, started learning how money has evolved, the history of money. And then I got into gold, I became like a gold bug for a short period of time, which is sound money and it's wonderful i love gold until today and i hold some as well and then i got into bitcoin but it was so complicated to understand and also there was no one to really teach me i went to like bitcoin.com i thought there'd be like a website there's nothing

like that that's instead there are so many places where you can learn about it and you don't know whom to trust so i started asking people around and no one can teach me until a guy that saw me on the streets. He's the number one Bitcoiner in Israel. He came to me and he said, I want to teach you Bitcoin because you're so great and you need to know this. I said, thank you very much. And who was that? His name is Ben Samocha. And he's he's got a company called Crypto Jungle in Israel. He's a great guy, my friend until today. So I started my Bitcoin journey on the search for freedom. I came for the hedge because I wanted to protect what's mine. And I stayed not just for the revolution but also to enjoy the benefits of this thing this is the most amazing

revelation i had in my life okay and now i've been watching some of your stuff as well so i know you saw one clip where you say if you don't know how money works you're never going to understand bitcoin and i sort of realized like i don't know how money works i i understand the idea of fiat currency i understand you know the evolution from gold from trading and bartering uh then we get into you know the digital banking where money doesn't actually exist it's on a ledger in a computer and it can be created uh out of thin air and basically created into devaluing it into nothing if you could i mean but even if it's not digital it's like that well then you can continually print yeah so i mean if you could i mean it'd probably be an hour deep dive but

summarize like how money works how it evolved what coming off the gold standard had by way evaluation of the fiat of the dollar and where it's going now in respect of bitcoin okay i'll try to do this very in a very condensed manner because it's a big topic but i think the most important things to know and understand about the current monetary system which is called fiat which is a latin word for by decree i say so you do what i say this is the sovereign the states telling you what to do with the money and then they put in place a law which is called the legal tender to force you coerce you to use that type of money in your country to pay the taxes and to exchange in that country so you're obliged to do that because they said so now what's backing that

money nothing they can print as much as they want the government gives the order to the federal the central bank and the central bank just can print money out of thin air but most of the money in the system is being created by the commercial banking system. And the commercial banking system follows a principle called the fractional reserve. Fractional reserve banking is when you can hold a tiny bit of the money that someone gives you in deposit and then lend about 90% of it, depending sometimes 100% of it, to someone else. And by that, you inflate the money, right? You get $100 from someone as a bank, you keep 10, and 90 you lend to someone else. And so the money grows within seconds to become a lot bigger. And that is legal. So fractional reserve lending, fractional reserve banking is legal and money is based on credit. So any type of money that is being created is created as credit in the system means that it has interest on it, which is a way for the government, for the state, for the banks to continue making money out of thin air while they cash out, while they make money out of doing that.

The second principle that is very important to remember is inflation. So inflation gives the, I mean, that fractional reserve and inflation are the biggest scams in fiat, okay? So when you understand that those two principles are what is making the fiat system scammy, these are the principles. So inflation is basically the notion that the state and the government can print as much money as they want, no fixed supply. They devalue you by inflating the supply of money. So the more they print, the less our money is worth. That's why our purchasing power goes down. That's why we see it in pricing going up.

But prices going up are only the symptom of the problem. They're not the root cause. The root cause is the incessant printing of it, so inflating the supply. So that's the problem, the main problem in the fiat monetary system. It's a leaky bucket. It's an ice cube that melts in your hand. and I'm quoting greater people than me in this industry that have explained this really well.

So if you want to preserve the power of your money, what you need to do is find a way to hold value over time and over space in a way that will not leak, leak the energy and make that what you're holding worthless. You want to preserve that same value, right? So if you want to preserve it in a good way, you need to preserve it in something that is scarce, something that is like gold for example right so gold is considered sound money and the reason why

it's called sound is when they used to drop a penny of gold on the floor it would make a certain sound that's how they would be able to tell that it's not fake that it's real gold i love learning tidbits like that that i'm now not ever gonna forget yeah that's right so that's sound money and bitcoin is following very similar principles to gold it's just digital so it's sound money as well it's got a fixed supply it's scarce yes okay scarcity is where the issue where i always have the question like the value of gold based on a scarcity there's a ton of things on earth that are scarce that are worthless like and i see a kid with my kid like pick up a stone this is the only stone of this nature on earth it's the scarcest thing it's worthless because there's

an infinite many other things which are equally scarce that just don't have the human value placed in them. With gold I understand it has properties that make it good for infrastructure it has practical utility and then it's also got that human element of I like looking at gold on a person

The utility of Bitcoin is basically it's proof of work, it's money so it can be used as money stones probably cannot be used as money because it's going to face the same problems we had in history in the past like with shells and with other instruments that were used for money you can fake them you can i mean you can corrupt them you could they they

deteriorate over time you it's hard to move them between places and in order to really be efficient in delivering them or distributing them through space you have to use physical means like boats or planes or whatever and that becomes very cumbersome and and hard and that's why we went to the digital world to do that, where the digitality today allows us to transfer money from one place to another in a much more efficient way. OK, so now... So it's not just scarce. You need to have more properties in order for it to be good money.

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for my audience. Learn more on AbundantMines.com. The inflationary elements, this I've learned since is the distinction between Bitcoin and all others is that there is no other cryptocurrency that has a limited issuance, that there will not be one more issue than what was initially issued? that's correct but there could be other ones that say that they have fixed uh fixed supply but the bigger problems with with the other cryptocurrencies is the fact that they have a mother and a father they have a ceo they have a an office they have a company that have created them that allows the government or the state to clamp down on them and close them whenever they want. It allows institutions to censor. It allows all the problems that we know with a centralized

entity. And all of the cryptocurrencies are centralized. They've been created by someone and they're very easily can be co-opted where Bitcoin is the only truly decentralized monetary asset that sits on hundreds of thousands of servers of people like me and like you around the world that hold their own keys in self-custody and they don't need permission from anyone to use what they've got and that is revolutionary because no other cryptocurrency has that ability has that scale with hundreds of millions of people already around the world when i said hundreds of thousands i meant the servers the nodes that are running on the network but hundreds of millions of people around the world are already using it and it's in a decentralized form so even if one person or one

miner or one entity inside of Bitcoin is being, let's say, closed down by some government or some state, we have redundancy of a network. It's a truly decentralized network. It's just wonderful the way it's designed. Is it a conceptual thing or is it just a practical thing the way it was designed? Could it be replicated again and it just won't be because people are now looking out for that? It could be. And they tried to replicate it many times in the last 15 or 16 years since bitcoin has started but show me one cryptocurrency that got to where bitcoin is no one even ethereum which is the most like the second most popular one is not arriving to where bitcoin has reached until today so anyone can try and bitcoin is an open source project so anyone can take the code

and even replicate it and create their own coin that's why you have 50 000 coins out there they're all trying to do what bitcoin is doing have they succeeded well now you the way you describe it is like i'm maybe having a realization or just misunderstanding something but bitcoin was was created decentralized before anybody was even looking for that form of decentralization so that by the time the nodes got out it was sort of it didn't start with a ton of nodes it grew with time there was a real risk in the first few years of bitcoin's genesis to actually make it some they thought that it may fail in the first few years because it was so small and it took time for people to understand what it is and start using it and there was nowhere convenient to even buy it

or hold it like people it was a jungle you know my question is why wasn't there a ceo to the bitcoin the same way there's a ceo to i don't know well that's the beauty of the satoshi story where many people like tucker culls on the other day saying that you know it's a cia and it doesn't really matter you know what it could be like the internet is a darpa project and if everyone knows that and so bitcoin may have been created by the cia it's just irrelevant because once an invention is being put out there in the world and it's so good like the light bulb like the wheel and it becomes everyone's invention and everyone starts using it doesn't matter who created it it's out of their hands it's an open source project that anyone literally can validate can

can copy can do things too and it doesn't matter who created it because it's already out of their control, even if they did. So Satoshi was a real gift in that sense, where he started something, then like, how do you say, like contaminated the space around him with some good viral ideology. People took it, they ran with it, it started catching up. And when he saw that it's already mature enough to continue without him, he's like, okay, I'm gone. And by doing that, he eliminated the risk of closing the project on his side and he gave it to other people. That is like a noble thing to do

because now it's out of anyone's hands. Okay, that's fascinating actually. And now I was watching another interview that you gave where you described the difference between CBDCs and crypto. What a lot of people fear or a lot of questions that people have is say crypto can be confounded with CBDCs but the criteria that you enumerated to describe what a CBDC is,

I can sort of understand the difference, whether or not there's sort of practical overlap in reality afterwards. Explain what a CBDC is by its criteria and how it's distinguished from Bitcoin. Okay, so CBDC, Central Bank Digital Currency, is basically a cryptocurrency created by the state or the government where they have total control over it. And it can be set with an expiry date. It can be set with programmability, so what you can or cannot do with your money.

And with geofencing, where you can use your money. So those features are also the capability to switch on and off your digital wallet remotely. So basically, those capabilities are inbuilt into CBDC projects. Even if they don't start using them right from the beginning, they're there, dormant, and they can use them whenever they want. There are more than 113 projects of CBDCs running around the world in different countries experimenting with it. Some are in advanced stages, some are in early stages. And retail CBDCs is basically allowing the state to provide you

with a digital wallet with money. Let's say you're using the US dollar, so you will have digital dollars in that wallet. They'll be able to set the capacity, set the programming, set the expiry, etc. and they'll be able to control basically what you do with your money or not now that's like the most dystopian case of a cbdc and we see that playing out in places like china nigeria tried to do it they're failing china's pretending to succeed but whatever russia there

are other countries that already have their cbdc out when you compare that to and obviously that's centralized right so there's centralized control over there and and it's fiat on steroids that's what i always say so it's what we have today but with larger greater capabilities for enforcement and for control and when you compare this to bitcoin which is completely decentralized so there is no one neck to choke there is no center of power and control with one entity it's distributed over miners nodes users of the network in hundreds of thousands of of places around the world the power goes back to the people the power goes back to the entities that are holding this so no state has no control over bitcoin governments even if they pretend to tax it to regulate it i

mean they don't pretend they try they do that they tax it they regulate it in some countries like china for example in 2021 they banned it but there is no really such thing on bitcoin because bitcoin doesn't care it just keeps on moving every 10 minutes a block is being mined and more bitcoin is being released into the world and people keep using bitcoin even if the state tells them that they can't do it go see places like lebanon turkey even indonesia where it's illegal everyone's using bitcoin it's like the highest adoption rates of bitcoin nigeria they use it like crazy so they can't control it they can't you can't program on it whatever you want to happen with it you You can't put an expiry date like you have full sovereignty over what's yours, your money, your asset.

And if it's in self-custody, we use as Bitcoiners, we use the term self-custody very often, meaning you take custody over your Bitcoin. And that is a major distinction that is so important for especially freedom lovers to understand. And if you want to have full sovereignty, it's not good to buy Bitcoin and keep it on an exchange or keep it in someone else's custody in a bank or something. You have to take custody onto your own hands. And Bitcoin allows you to do that. Put that in a hardware wallet, for example, one of those gadgets. And when you have that, then you are the only one to sign your transactions and decide what to do with your Bitcoin. There is no intermediary between you and your money.

If I decide to now send you money, it's just between you and me. There is no one between us, peer-to-peer, electronic cash. This is where I'm conceptually still at a roadblock, where you say the choke points. And I can understand how it circulates digitally, freely, and it can't be, you can't restrict its circulation digitally. Yeah. But you can choke the points out and its conversion into material goods. Yes. The way you're describing this, it'll be amazing.

Like, you know, between Bitcoiners, I'll buy a necklace and send you the Bitcoin. And that's good between the two of us. But then the issue is between the rest of society, if people don't value Bitcoin, well, then there'll be a niche place where people use Bitcoin for transactions. But it won't be commercially digestible. And the governments can outlaw the use of it, tax it, put you in jail for it. So practically speaking, they'll coerce you into remaining on a fiat currency system. Yeah, that is a very good point and very important point. So what we're seeing these days is the trend to KYC Bitcoin, put it behind the same rails of banking that exists today.

You know, when you want to pull out money from the bank, you get all these questions. Or when you want to open a bank account, you get all these questions. It's the same thing. They want to identify you, basically. You know, the digital ID that is happening all around the world. That is the purpose because with CBDCs or with KYC Bitcoin, you have to be identified. So that is the trend. like take Bitcoin into, that's why you have regulatory clarity, so that you can have

regulation in place to allow the state to identify you when you do certain transactions. Now, you don't have to work with Bitcoin in such a way. You can work in a non-KYC way. You don't have to identify. You can buy Bitcoin from anyone, and you can exchange Bitcoin with anyone so that no one knows, because the network allows you to do that, even if the government says you shouldn't but bitcoin these days is still in the west at least is a good store of value less a medium of exchange because we do have good payment rails and people are still not understanding really the need in bitcoin as a payment mechanism but they do understand it's digital gold so they hold it they buy it they'll hold it and see the value go going up sorry the

price or the value going up and there will be a time where bitcoin will become a medium of exchange as well, like it is today in the global south, in developing countries, in Africa, in South America, etc. And when we get to that point, anyone can trade with anyone, even me with a business, in a non-KYC way. We don't have to go through those means the government dictate, but if the merchant decides that what they want to do is put a point of sale that operates in the same way as that a credit card operates alongside Bitcoin, then they could do taxing over it. They can do KYC.

I mean, they don't have to break the law. They can use Bitcoin the way they want to. But all the options are there. People just need to educate themselves and understand the differences between KYC and non-KYC and what's the best way to hold it and to transact in it. And it's definitely possible to transact between people and businesses

and businesses and businesses in a non-KYC way. so and and yes there are choke points i just want to make sure that people understand that i'm not coming here to just idealize bitcoin it's only positive there are shortcomings just like for everything in the world and you need to be aware of them so bitcoin has multiple layers it has the miners who are mining bitcoin to create new bitcoin that we have nodes who are validating the transactions on the network we have users we have maintainers of the code each one of those layers should stay as decentralized as possible but one of the risks is the centralization so mining for example is today suffering from centralization over centralization you have

new mining pools that are very big that hold most of the biggest miners around the world and the government as you said correctly can choke that and that's because of the amount of energy that's required for the mining that it's not because of the amount of energy just because they all choose to come together and create a pool to mine through to be more profitable and to be able to mine in a more efficient way. Not because of the energy, no. Interesting.

And I've been given the five-minute warning, but I still think we'll get there easily. The question everybody's asking is maximum price of Bitcoin. One of the questions I have is like, okay, so you've got a maximum ever issued of 21 million. Let's say 19 million have been mined. Close to 20 million have been mined.

And then there's going to be the issue of people losing it over time there's going to be the issue of population growth over time or population shrinkage depending on what happens um how what is the not the the um prediction for value but what is the uh progression of the value because i imagine the more people on earth the more you're going to have to value the satoshis and so what i mean what is going to happen in terms of the breaking down of increments i'm not an economist and not trying to predict prices because to be honest I don't even care because all I care is that my money is in sound money and I can move with it wherever I want and I've got that tick price it will go up forever because

it's a fixed supply it's already at 120 last year it was at 60 so you know we're seeing the progression going it will go up way way higher much smarter people than me will give you a prediction about price but about the scarcity because we're only having 21 million and we have only one more million bitcoins to mine this is like the gold rush era where everyone for the last million in the next 110 years are going to try and accumulate as much bitcoin as they can and not everyone will do it one because they won't wake up on time two because they don't have the money to do it or they don't think it's valuable or they're simply afraid of it which i encourage people to like drop that they will accumulate some bitcoin and in the end what we're going to see

is that the price of SAT, one SAT, you know, Bitcoin has 100 million Satoshis, okay? So even one SAT will probably go up in price to such crazy levels that it will be like one SAT equals $1. And even if you have a few SATs, let's say you have a thousand SATs, that's gonna be generational wealth in the future.

Today, people are accumulating tens of thousands, hundreds of thousands and millions of SATs. And it doesn't matter how much you've got, as long as you've got that, You've got the real kryptonite, the digital gold of the future. So, you know, that's the invitation for people. Just stack some. Well, and now just always, you know, plan for the best.

Well, hope for the best, plan for the worst. What could be the catastrophic stake in the heart of Bitcoin? I mean, setting aside like servers go out, the world blows up fine. Everything's in worse shape, but could be the worst thing. If the community of Bitcoin becomes complacent and just buys Bitcoin and sits on it and forgets about it, then we are at a risk that the protocol of Bitcoin will not be properly maintained, properly criticized, properly validated with time by the community to keep it decentralized and secure. So there is a risk. There's always a risk. And we shouldn't be complacent. We should always be actively involved in preserving the security and the integrity of the protocol. Before we leave, Efrat, tell everybody where they can find you, your social media.

And when I get to my computer afterwards, I'll put it in the pinned comments. Thank you so much. So you can find me on X, you can find me on Substack and on Noster, of course. I don't know if you're on Noster, but we have to put you there. Decentralized, no one can censor us. I'm loyal to Rumble. Rumble is great. Noster is like X, so we'll talk about it later.

Thank you so much for having me. My pleasure. Thank you. Thanks for being with us. Please take a minute to give this episode a like, a comment, and subscribe or follow. And please share it with your friends so they can also get value and choose to take some positive action in their lives. Till next time.