Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
🚨BREAKING: POWELL RESIGNS? | BITCOIN FLYING| ALTCOIN SEASON|GENIUS ACT
Recorded: July 22, 2025 Duration: 1:56:31Space Recording
Short Summary
In a dynamic discussion, crypto enthusiasts explored the recent surge in Bitcoin's price, signaling a potential all-coin season and a shift in market sentiment. Key topics included the implications of macroeconomic factors on Bitcoin's growth, the potential decoupling from traditional markets, and the evolving role of Bitcoin in a changing financial landscape.
Full Transcription
Music Thank you. Music Thank you. Thank you. Thank you. so The Thank you. Music Thank you. right guys appreciate you guys uh joining in appreciate guys listening we're back for another
space it's on bitcoin's flying all all coin season we're going to speak about the genius
act we're going to speak about a wide range of things uh want to welcome brooks the co-host onto the space how you doing brooks sorry yo
what's going on man feeling good today hope you're feeling well a lot of cool shit going on today in
the market man a lot this this like last two weeks has been crazy and i can't wait to talk about everything going on with the fed as
well so i think we're in for it for sure it's gonna be golden and we're gonna get right into
all of that and we know all things crypto are flying as well so people are excited people are
excited about all coins people are excited about uh even meme coins so people are very much excited
so we're gonna speak about that.
I want to bring Robert into the conversation as well.
Robert, thanks for joining us.
How are you doing?
Hey, good to be here.
Robert, let's jump in straight with you.
And then obviously we'll go to our books, books is overarching news.
But what's your thoughts about the current market?
You're seeing bitcoin kind of consolidate
at the point it's at where do you see that going and uh from short-term and long-term perspective
yeah short-term is hard with bitcoin um when i want to speculate and trade i i i definitely don't
trade bitcoin um but it's hard not to see it kind of in a pretty textbook bull flag. So probably short to
medium term, just the trader in me thinks it's probably going higher. And so yeah, medium to
long term, I have extremely high conviction that goes higher due in part to some of the dynamics
that were mentioned with the Fed and the dollar and the desire for market participants to have
exposure to scarcity and a predictable and verifiable sort of way to store value
in a potential scenario where you have basically one of the key pillars of the entire dollar and
modern day financial system being eroded, and that is the Fed independence. I think that things like
Bitcoin will start to really shine through. And I mean, I try not to call the great decoupling,
I try not to call the great decoupling, but it is, I think, you know, I've been noticing today,
NASDAQ's down and Bitcoin's up significantly, almost 2%. So, you know, it's too early,
I think, to say it's the great decoupling, but those sorts of divergences, right? Like
Wall Street looks at Bitcoin as just a high beta NASDAQ play. I think clearly that it's not.
I think it's something much better, much different.
But yeah, it's hard not to see medium to long-term Bitcoin going higher.
I'm just seeing some breaking news.
I don't know if it's legitimate.
I saw it 30 minutes ago, but then I thought it may be fake.
But I'm unsure at the moment.
But I'm seeing reports i'm actually
seeing a letter but i don't know if it's legitimate that the fed chair jerome powell has resigned um
i'm not sure about the veracity of it i'm looking at a letter right now um and then checking if it
is legitimate have you seen any has anyone seen anything in regards to that i have not okay so uh basically the letter is out for
today um i'll read what it is i don't know if it's a legitimate letter or not i actually saw it like
30 minutes ago but i didn't post it out because i thought it was fake uh but it basically says
after much reflection i've decided to resign from the position i don't know if there's just to be
clear i do not know if this letter is legitimate it needs to to be verified. But this is where it says after much reflection.
And this has been tweeted by Benny Johnson as well.
He is kind of like a Trump guy, so he may know inside information.
But anyway, after much reflection, I've decided to resign from my position as chairman of the Board of Governors on the Federal Reserve system,
effective at the close of business today, July 22nd, 2025.
Serving as chair of the Federal Reserve
has been an honour of my professional life.
Over the past year, I have worked alongside dedicated colleagues
to guide the US economy through extraordinary challenges
from the pandemic recovery to inflationary pressures
and the ongoing evolution of digital finance. I am proud of what we have
accomplished. However, at this critical juncture, I believe new leadership is needed to carry forward
the important work of the Federal Reserve and to reinforce public confidence in its independence
and effectiveness. My decision comes from a deep commitment to preserve the institution's
credibility, integrity, and mission. I remain confident in the strength and resilience of the American economy and in the professionalism of the Federal Reserve staff. I am grateful for the So that's the letter
Yo, it's fake, Suleiman
Is it fake?
Yeah, look at the seal
It's AI generated
Like zoom in on the on the seal
yeah because i um i did see it i did think it was fake when someone put it out someone sent it to me
earlier but then you just because benny johnson tweeting it out you know he's got links to
he's got direct links to the trump administration that's what made me think that is possibly
possibly real it's so funny but everyone everyone tweeted it after him too, but it's definitely fake.
Yeah, I think Powell's too proud to resign. This dude is so legacy obsessed and image obsessed.
I think he's just too proud to resign. Even Scott Besson came out today during his speech and said
that he doesn't think
jerome powell should resign he thinks jerome powell should make the right decisions so that
he looks like a hero by the end of his term in may of next year so just on jerome powell um
robert give us your thoughts on what happens to the market and what happens to crypto if he resigns and B, if he doesn't.
Yeah. So I think for Bitcoin, I mean, maybe it follows NASDAQ down. We saw basically what'll
happen. This was last week sometime, there was kind of this trial balloon where Trump apparently
had the letter drafted all ready to go, showed it to Republican lawmakers
during some kind of meeting. And news got out and the equities sold off quite sharply. I think
they were down about 1%. The dollar sold off 1% and bonds, especially at the long end, sold off.
the 30 year was up like 10 basis points, which is a significant move for a day.
The 30 year was up like 10 basis points, which is a significant move for a day.
And so, yeah, so I think that that kind of indicates what will likely happen.
And, you know, Bitcoin might follow NASDAQ and S&P 500 down initially.
But I think that things like gold or Bitcoin would, you know, they might sell off initially,
especially if there's some, if it gets really kind of sharp and turns into a VAR shock, you know, correlations go to one. So you could definitely see it if it
gets, because what we saw last week was only like, I think it was like 30 minutes before
Trump came, like that rumor was only out for 30 minutes before Trump came out, right, and shot it
down. If it's real, and it actually happens, and we're talking about day
upon day upon day of the S&P selling off, the dollar selling off, bond selling off,
then you could potentially get into a VAR shock where funds just have to de-leverage everything.
And in that sort of condition, you could see Bitcoin sell off.
And I would imagine further out the risk curve, like the altcoins and stuff would probably sell
off more. But medium to long term, the value proposition of an asset like Bitcoin that
you know the monetary policy, there is no Fed chairman. There is no board of governors.
There is none of that. It is just the protocol. The protocol is consensus derived. Everyone knows it's public. You know what the new supply is going to be in six months, in six years,
in 60 years. I mean, shit, we know 600 years from now what the new supply issuance, right? So I
think something like that, a bearer
asset that has scarcity, you know, I think a lot of people are going to start looking to other
countries that have done similar things to what, you know, we would be talking about here, you know,
an erosion of the central bank independence, just look at like Turkey, you know, look at the gold
price in Turkish lira, or look the gold price in Turkish lira,
or look at Bitcoin price in Turkish lira. You know, it's not positive for the dollar.
You know, I think personally, they want a weaker dollar, I think they want a fairly value dollar,
which we're talking a DXY in the 60s, probably. So further downside is pretty significant. But that would definitely get the dollar selling off. Bonds, especially at the long end, would likely sell off.
And equities, there is a rate on, say, the 10-year.
There is a rate, I'm not sure where it is, probably 5%.
There is a rate where equities stop behaving like a debasement hedge, right?
Because if you look at a high inflation environment like Argentina or Lebanon
or Turkey, the stock market goes straight up. It goes vertical. Now in real terms and gold terms
or Bitcoin terms, it's down. But in the local currency terms, it's straight up. I think that
there's a point though where like the bond yields will will start to be a kind of a
constraint on equities so i i really kind of don't like equities uh here i think something like uh
bitcoin is is is much better suited for kind of the direction things are going that's interesting
and do stand because i've got a number of more questions for you just want to welcome
a simon onto the stage as well as as I want to welcome Gary onto the stage.
Well, thanks for coming.
You're spreading fake news, Sully.
Yeah.
No, no, listen, I told, listen.
Can somebody confirm if this is accurate or not?
Yeah, Sully's confirmed it.
No way.
Is it really accurate?
No, no, we think it's fake news.
Yeah.
So if you look at the the so i actually saw the document
uh i saw it about 30 minutes ago maybe an hour ago i didn't post it out because it seemed fake
but then benny johnson tweeted it out and you know benny johnson's got direct links to the
trump administration so because of that i thought there may be some legitimacy to it but i think
we've all come to a consensus that likely it's fake if If somebody connected to the Trump administration
tweets it, then it's probably real from the White House,
but fake from the Federal Reserve.
If you look at the seal on the resignation letter,
it's AI.
It's fake.
100%.
And when it's not about something something else the market would have went nuts the second
that that resignation was even like whispered in the white house so just to let you know i'm looking
it's all over x everyone's tweeting it out i haven't tweeted out obviously i wasn't sure about
its legitimacy but yeah it's uh it's. Simon, a question to you, I guess.
Obviously, you're right.
The fact that if it is fake news, it's not really impacted the market
because sometimes fake news does impact the market significantly.
Question to you, the same question I asked Robert, which is,
and I think we did discuss this in the politics space,
but I guess in this space, it important to uh speak about it as well what happens to um what happens to the market and what happens to crypto if uh
if jamarone power does resign it's an interesting question because we're talking about a fundamental
shake-up of the federal reserve system um and so we've had Genius Act, we've had Clarity Act,
we've now got like clauses that were put into Genius Act, where the banks are going to be able
to pay yield on their stablecoins, but non-bank financial institutions aren't. And so the stable
coin issuers aren't going to be able to. And at the same time, there was a clause that was put in there that will allow the banks to use their reserves at the Fed to back stablecoins, which unlocks about $3.5 trillion.
So if at the same time you have this kind of speculative attack on a radically new system of full reserve banking with the banks, then at the same time you have a questioning of independence.
and in an environment where it looks like inflation is about to turn around from its downtrend and move on to its uptrend again.
And then you use that in order to wipe out like three basis points, which has never been done before,
or signal that you might have somebody in there that will do that.
in there that will do that.
And then Jerome Powell retires.
And then Jerome Powell retires.
Like, it is such a destabilizing, like, factor.
And at the same time, those are traditional bullish sentiments towards the short-term
market.
But I don't know.
But I don't know. I tend to agree with Robert.
I tend to agree with Robert.
It's very symbolic of what feels like the end of an era of a Ponzi scheme.
But at the same time, people will be looking for where to put that value.
And so I think it would be very bullish for Bitcoin. It kind of just personifies what Bitcoin was designed for
and to create that exit for people.
And I think it doesn't bring a lot of credibility to the markets,
but it's historically a bullish signal for the markets
that they're willing to go to those types of lengths.
Bad for the markets that they're willing to go to those types of lengths um bad for the bond market um but yeah it will be it will be a really interesting one to watch i don't expect it to
happen um i don't think i don't think jerry powell will retire um but they may just announce like some
uh someone that they're going to put in next and then render Jerome Powell's policy.
At this stage, Jerome Powell's policy is pretty much useless anyway
because he's only going to reduce rates by a tiny bit, do nothing.
And there's pretty much nothing he can do that really impacts the market at this stage.
So it's all over to whoever comes next.
So just some breaking news.
Benny Johnson has come out and said it's fake news now.
So what he posted was inaccurate.
So therefore, he hasn't resigned.
So I think that's an important point to note.
I guess from Jerome Powell's perspective,
we know the only way he can actually be removed is through congressional approval.
Do you think Trump can get the congressional approval to remove him?
I don't think it's worth the time because he's leaving in May 2026. He's got other things to
focus on. And whatever the process is of trying to draft new legislation, get it in front of
Senate Congress, go through the revisions,isions the banking lobby it would just be a
huge waste of time so it'll only be symbolic for destabilization reasons reasons so i don't see any
practicality and the timing is just completely off because uh he's out next year anyway
oh yeah so you think trump will just hold off and it's 10 months but it's like um i guess trump's
always extremely impatient though he always wants things to be moved in an accelerated manner
so is this do you think this is more of a pressure tactic as opposed to anything else
it's more um it's more like tariffs like you you create these artificial deadlines
you have market reactions to those deadlines nothing really happens but everybody
acts as if something were to happen so the actual act of um throwing him out like a congressional
it just won't happen but everyone's just going to work through what does this mean for me
um and and so the desire the it's not going to happen. I can't see a set of events where it happens.
Gary, let me bring you in the conversation.
You're someone who, you know, is within the financial market.
You're in the real estate market.
You're in crypto.
You're in various things.
Someone like Jerome Powell, do you think he's been positive for the market or do you think he was positive up to a point and now he's an hindrance?
Like, what's actually your viewpoint on him well i don't i don't think um i think he
has become fairly irrelevant and the fed is irrelevant we we talk so much about the fed
i don't think they have the ability to get an erection. They cannot change anything. This is a global market now.
And the whole thing's fucking unraveling as they, by the day, man, it's just unraveling.
All these agreements that were made in 1980 no longer serve the purpose of the players that agree to it.
that agree to it. Period. It's not this complicated. It would be like you doing a
Period.
It's not this complicated.
deal with somebody 10 years ago on a news media thing, and y'all have a difference in how to go
about it. The entire construct of the 20th century is being ripped to shreds. We don't even have to
do anything. It's just falling apart, man. Like Rome, after 500 years of no maintenance, I mean, who's going to pay for all that, right?
You just sometimes have to start over.
And I think, you know, the legacy guys will do anything they can to hold on.
And we're sitting here trying to accelerate the destruction of their insanity.
I mean, it clearly isn't working.
But when you create a system this fucked up, no one from the inside is going to fix it.
So I think we give Powell way, way, way too much credit.
He's completely out of control at this point.
And you can see it by all the rates in every other country. This used to not happen, okay? There is literally war going
on between massive central banks and governments right now. I don't think people are talking enough
about it. Gary, actually, this is something I think me and Simon, and Simon talks about a lot in terms of, and Simon, do correct me if I put words in your mouth, but I think Simon's view is there's no way back for the current system.
America's going to continue going into debt.
The dollar's continuing to become weak.
Do you see a way out?
Is there a way of rectifying the situation?
Are you with Simon where you believe, based on the Is there a way of rectifying the situation? Are you with
Sam and where you believe when it based on the-
What does rectifying mean? I mean, does it mean that, I mean, I don't think that everyone's
going to be enslaved. See, I think that's the thing. Hey, what are we talking about?
All I'm saying is that OPEC will no longer exist or it'll become OPEC++.
It's already changed three times.
The banking system will, I'm not going to print money the way you're printing money.
I'm going to fight for my quarter of the planet.
Look, we're moving into a poly market now.
And what we did not have in the last 30 years, we had this globalization bullshit. It's another name for monopoly. Okay. Like you don't want that. You don't want Amazon and Facebook to own 70% of
all the traffic. Solomon, every time I send you a thousand dollars for the great work you do
through Google, Google keeps $333. Okay. That, that is criminal. Okay, it's criminal on our government
that they allow a company to do that. If ExxonMobil charged you 300%, you would be in the
streets riding. And we have Meta doing it. We have Google doing it. This is not healthy. You have
two credit card companies that can issue you cards.
The largest financial company in the world, and China can't even get into America or the
Western countries because Visa and MasterCard blocked the fuck out of them with help from
the regulators.
You know, the only market in the world that's actually working well, which is so fucking hilarious, is oil and natural gas.
And it's working well because the club, the oligopoly that was formed in the 70s called OPEC, they don't work.
See, you can't have a monopoly. Why? Or you can't have a duopoly. Why? Because neither player will cheat.
But if you have a third person in the game, all you need is one guy to cheat the system.
And that's why the oligopoly structure of the cartel of OPEC has completely fallen.
I mean, all these barrels that we sanction, right?
People need to understand not one of those barrels stopped fucking moving.
Simply the price of which that barrel was going to trade hands, ISIS would steal it, blow up a refinery, steal it, sell it to somebody in another country for $10, he would market up to $50 in an $80 market, and China and India will
most certainly get a 30% or 40% discount. Not one of those barrels moved. See, that's really,
really healthy. That's the point I'm trying to make. When you have a market that's innovative
and they're competing, prices keep going down. I started the natural gas industry when we started reshaping it, and natural gas prices were $3.50 to $7.50.
They just saw $4, and now they're back down to $3.29.
30 years later, oil can't get a fucking bid over $100 for its life, and it never will.
I don't care how many people tell you crude oil is going to go to
$1,000. Bro, we have more crude oil than we can fucking move. It's just in the wrong place.
So we want poly markets. We should have the states putting Bitcoin on its strategic reserve
so that the federal government does it. That's what what i'm talking about get everybody to do it we want more players we want more competition
we want more people doing x spaces we want more creators um and you don't need any of these
federal reserve people to i mean like this i don't't know where we go. My belief system is that
we need a civil fucking meltdown, unrest, draw out the knives, figure out what the red line is,
and we start over. I think actually we would serve ourselves well just to escalate this thing
really, really quickly and get it over with instead of this 30 years of just pain but it's going to require people like you and me who maybe would
never have come together bro seriously okay we have to drop our fucking hate for each other
i'm not saying you we have to stop our fear of each other and realize the enemy
We have to stop our fear of each other and realize the enemy ain't on this space, man.
Okay, it's Visa, MasterCard, Starbucks, Amazon, Google, YouTube, all these constructs that are allowed to build and buy, build and buy, build and buy, build and buy, build and buy with cheap money.
And then I've got to go to the bank and ask for, you know, an 8% loan.
That's uncool. You know, 99% of all the businesses in the United States have zero access to funding.
Private businesses cannot borrow money in the United States. I think it's 0.6% of independent
companies get bank loans. The rest of this stuff is like literally pulled out of a
pocket like mine. And we build things. So we're going to have lower taxes, buddy. We're going to
have lower prices. We're going to have all those things if we are competing and there's transparency.
If not, we're fucked. And that means that we're going to have to really
be politically active. And I think this is politically active, right? that we're going to have to really be politically active and i think this is
politically active right what we're doing right here education um and we need to we need to be
cool what we're doing because we can't be posting that the fed chair just left and we all look like
idiots that's kind of shit we need to get mature because we're playing with some very mature
people do they do not want to lose this monopoly game if you and i were running the show so we we would most
certainly okay have convinced ourselves that this was the right thing for humanity
and you and i know better and i've known people like this man we know better. And I've known people like this, man. We know better. What's better for you guys?
And we need to control the system.
The system is not being controlled.
It's literally out of control.
And we've got a bunch of high-paid people walking around acting like they can control it.
And they're not.
The market's actually working.
And Bitcoin comes in here.
I mean, quite frankly dude the solution is
bitcoin uh like there's going to be enough wealth made here like i don't know how much money you
make on your crew trading but there will be enough wealth here that we will be able to
fucking buy countries how's that i mean like real countries, not third world. Yes. Real fucking countries who we will move in and run these fucking things.
I see that happening. OK, you cannot stop people from leaving countries and re-migrating to richer and more fertile soil and opportunity.
This has been happening for centuries. Go ahead. Simon's got his hand up. Thank
you. Gary, you made some golden points. I mean, I just agree with everything you said.
Me too, certainly. Yeah. In terms of some important issues that many people speak about,
in terms of the problematic nature of monopoly, the incestuous relationship between certain corporations and the government the fact that
um there are other solutions like bitcoin you said so i agree with a lot of what you said there
i do think that there is an opportunity to change but salmon's my boy obviously salmon jump in with
whatever you're going to say because i do want to hear thoughts on the same same same issue
yeah sure um and this is where like it's really important to do these spaces silly
because we you know we cover some of the darkest subjects in the world and it's it's really easy
to just get down that dark hole because there's so many people in the world that are in just a
really dark place that need our help right now um and so but in when you enter into the Bitcoin space, you enter into a world of solutions, creative thinking, you enter into a world of what do we need to do?
How do we protect ourselves? And how do we ensure more people are protected?
And it's important to get that balance right, because there's so much dark things happening in the world.
And there's so much dark things happening in the world.
And so what I mean by the future of America is that America has just become a vassal state for the biggest capital market in the world.
And they don't want to lose the biggest capital market in the world.
It's the most important thing that those that control the system can utilize because they can extract significant wealth by being connected to
the money printer and the banks they can print money every time they issue a loan and don't
think that Jerome Powell is in charge of the Federal Reserve he's a puppet you know he he
goes every quarter the banks meet up the people that actually control money and print money and issue loans that are able to dictate the flow of money alongside, you know, BlackRock and all the asset managers.
And they tell Jerome Powell what's happening and what the policy is.
And they meet every year in a World Economic Forum event or they meet every year in
Davos and BlackRock just sends out a letter to all the governments around the world in his annual
letter and tells them what the world order is going to look like. We're doing ESG, you know,
now we're investing in renewable energy. Oh yeah, by the way, something's probably going to happen
which means that Nord Stream pipeline
gets blown up and the whole of Europe is going to lose its big Germany manufacturing base.
Like, this is how the world really works. And Jerome Powell works for the same people that
Trump works for, the banks, you know, the corporate interests that sit on top and fund all these politicians. And so it's really important to understand that.
So, look, America's, from my perspective, it is going all in on the system until the system no longer works.
And that is that it's going deep into capital markets and it doesn't care how much wealth inequality there is until eventually that
creates such a level of civil unrest that the difference between those that own Bitcoin and
those that don't have Bitcoin, those that own the stocks and don't have the stocks,
those that own the real estate and don't, you know, don't have the real estate,
they're the enemy. And that is the 90% of the people in America. And, you know,
there's a bunch of middle class people, obviously, but that's the system they're driving.
And somehow you have to exit from that system. And you need a safety blanket as you're managing that system.
As Gary said, that requires planning.
Like I started planning for that 10 years ago when I moved to an island, I left the UK.
You know, these things require planning
and I've made sure I owned more Bitcoin every month
than the previous month.
And everyone needs to start that journey.
If I give you one thing,
just whatever your Bitcoin position is, whether it's $10, $100, $1,000, whatever's right for you,
stop spending as much as you can and own more Bitcoin this month than the previous month.
That's my one thing I'd love to get because it's going to take a little bit of time.
But yeah, America's become a vassal state for capital markets.
The governments are subordinate to a stateless power structure
that doesn't answer to Congress, doesn't answer to Senate,
controls judicial, will Epstein you, will do whatever you want
in order to make sure that all the capital is allocated for those that control
the capital and own the capital.
And so it's that two-tiered system.
Now, at the same time, we have this major, major, major shift of artificial intelligence.
And the entire world is reconfiguring around where is all this energy and all this
electricity going to come from because we're going to power we're going to build all these
robotics and we're going to power everything by artificial intelligence and it is going to wipe
out a significant number of jobs and we've got to get all that energy there is not enough investment
in infrastructure to power all of that energy
that's required for this artificial intelligence. And so those that control gas, those that control
oil, and that's why America will be fine, because it's got the demographics and it's got the
resources that it needs, with the exception of the things that it needs from China. But it's
going to transition America into a technocracy because it knows that
the vast majority of the population are going to want to revolt and they're going to be in civil
unrest and they're going to have to bribe them with a stable coin when their bank doesn't work
anymore. They're going to have to bribe them with a universal basic income. And if you don't comply
with it, then you'll be on the Palantir. You know, you'll get the Palantir treatment.
And we know what the Palantir treatment is because we saw it in Ukraine.
We saw it in Gaza. We saw it in the UK. We saw it in Europe.
We saw it in West Bank.
And it's going to get more and more extreme.
And you're going to see things that I believe people never thought was possible.
And you're going to see things that I believe people never thought was possible.
Unless you've got your Bitcoin, you've got your wealth, and you can put yourself in the other side of the class and then you can influence the system.
And when the system no longer works, they'll just move.
Like, you know, every single oligarch or billionaire in America, they've already got their place in UAE.
They've already got their place in Singapore. They've already got their place in UAE. They've already got their place in Singapore.
They've already got their place in whatever island they want to go to.
They're just waiting until they need to use it.
And that's the reality.
And Bitcoin is the exit.
And that's why it's positive.
We need to be planning around self-solving.
What Gary said is correct.
We're arguing with each other the
enemies the enemies aren't in the room um and we need to make sure we have more of these spaces
we're actually working on how we're gonna how we're gonna um fight the system and how we're gonna
have solutions because a lot of people are gonna need our help on the other side
um and that's why we've got to be proactive oh i'll end it there so it's so simon
or grant or even uh robert um just before i go guys do retweet reshare the space we've got what
1200 people on here a lot of people won't be aware of the space books just put it in the nest
if you go above me and where books is you'll see this uh tweet of the space you just click on it
and retweet it and you let everybody know that
we're live so retweet it real quick uh retweet it engage with it guys and if you know if you're
in my community request to come up when there's a lot of requests to speak on stage that really
helps us in the algorithm and we're really trying to grow this guys you're getting information in
here from people that have experience from people that know what's going on and that's how you're gonna grow and that's how you're gonna win and you know that's how you're
gonna have a better understanding of this whole thing guys have you got dark side on there he's
got quite a few theories on like the big long and various other things he thinks is gonna happen
if he's got his hand up he should come up yeah no we've got him on speaker we'll definitely go to
him okay dark side actually i've got a question and then do guys you can jump in on this one or you are you or gary can because what you mentioned
is that what you and both gary have mentioned is that we need an alternative system um and i see
you seem to be indicating that for you that alternative system is bitcoin is that what is
that basically the argument you're making that you basically see I actually don't like using the word alternative system. I don't want the government to do anything with it. I like I would be okay if the government just shut the fuck up about Bitcoin. Nonetheless, we're where we're at. But it's not so see I even like the anarchy nature of this because I mean, I just read a report.
anarchy nature of this because, I mean, I just read a report. 74% of the people,
it's a fairly large study, 1,500 people just taken in the last 10 days in the United States,
73% said they would never consider Bitcoin as an investment. 17% said they would, they're intrigued. And then like 14% said they had some allocation. So we have a sub 2%
allocation in the United States, max, man, on total dollars. And I think that's good because
we have another system that's actually working without any subsistence, any substance,
any interaction, any involvement,
other than we are abiding by the regulations laid out by the governments.
And I think it's really, really good that we have a system that you and I can decide,
hey, I'm fucking moving to Dubai and you guys can come chase me.
Or I'm going to go to the islands and chill out or get on a boat
or move somewhere where I feel safer and where my production capability
is valued more net-net.
I only care about net-net.
You know, if you pay me $10 and I get to keep all $10, I'd rather work for $10, that $10,
then you're $30 and you're going to give me all these super benefits.
If I can just let me do what I want with my money, please. I produced and created it, right? And it got some exchange for value. So why is it when I
do something for you, Solomon, you give me a 10 pounds of beef and you don't take a slice of it.
But if you do it in currency, somebody's taking a piece. See, that's just gone now. And I think we needed middlemen to take the pieces before because
we did not have anything but a pencil, a piece of paper, a ledger, a stone, and some wheels.
We did not have the ability to track immense numbers of transactions around the world,
around the world. And we do now. So we can say the old system is evil. It's just built,
maybe it is evil, okay? But it's got so many fucking holes in it that I think it turns people
evil because it's just so much easier to milk a fee for 3% for doing nothing if the system's
really discombobulated and you can say, hey, I really serve a purpose here.
You know, I'm watching all the fraud. And it's like, yeah, all the fraud's increasing, bitch.
See, none of these people, their metrics are all wrong. I mean, all the incentives are wrong for almost every company. Think about the incentives for Google. Get as many fucking
looks as you can. Click, click, click, click. I'm wondering from Elon. Hey, Elon, I'd like to invest in X as an education platform, but could you please tell me how many human beings are actually on this thing? Because I don't think there are a lot of human beings here.
I think this is an extremely, this is another alternative is the word you would use.
This is very interesting, right?
What we're doing here.
Dude, we've already fucked media, mainstream media right up the butt.
Excuse my language, but it's a really, it's a right, the right terminology.
And we did very little.
This is my, see, Bitcoin's going to survive because it has less flaws. We don't
even have to beat these people up. The flaws in the old system, look, why do middle managers at
150 grand never get fired? They only get elevated because HR doesn't know what to do with them.
But they're no longer productive, man. You can hire somebody for 67,000 and they'll
do twice as much as an amount of work. So we're just moving to a different world and we need
different tools. And the people that are picking these tools up, it's like being in a war and you
have a new weapon. I kind of like the new weapon idea. Let's bring Darkseid into the conversation
because one of the questions i have and do jump
in with whatever you want in terms of what sam and asked as well is uh one of the well two
questions i have is and this is to anyone in the audience but if you want to go ahead and jump in
on it first is firstly there's not enough people who know about bitcoin the average person does
think wait a sec what is this crypto stuff it's a scam like you know what is it and people are not as uh open-minded to it i wasn't open-minded to it uh until a few years ago um
because i thought i was a scam it's a pyramid scheme like this was a normal average person
thing so how do you basically get the average normie to understand that you know it's something
legitimate and it's actually something probably more is actually it has more utility than
fiat first question the second question is um actually answer that question first and then
I'll go on to the second question yeah it's a great question Suleiman uh great space honored
to be up here with you guys um so I would say this that the majority the the huge majority
of people will get bitcoin out of necessity, not out of desire.
There's a very special few that have certain personality characteristics and traits
that seem to get attracted to Bitcoin. But what we're seeing is that the adoption rate is starting to spread.
And I like to reference Malcolm Gladwell's book, The Tipping Point.
Usually it takes 3% to get you to the first tipping point.
And then once you hit 10%, the next 90% just follow like sheep.
percent just follow like sheep. And I think that will be true for Bitcoin adoption, right? It's
And I think that will be true for Bitcoin adoption.
going to be the very special few, the hard workers, the intellects that really are willing
to dive deep and break through traditional narratives that adopt Bitcoin early. But
eventually you're going to get to a point where the separation of money and state becomes absolutely critical.
Like Simon says, the proof of weapons network needs to be dismantled.
Bitcoin is a vehicle to do so.
And I just think it's a matter of time.
And it's probably happening much faster because of spaces like this, because of social media.
You're seeing adoption curve, you know, the S curve really accelerate.
But I understand what you're saying. It's going to be gradually and then suddenly.
And the second question is this, and this is my biggest concern. I think me and Simon have
talked about this a lot. And I'll be honest, I can never remember what Simon's position is on it.
So I apologize, Simon.
But one of my biggest concern is that when you look at the adoption of Bitcoin,
it is the same people who have destroyed the current system.
You're looking like BlackRock, you're looking at the US government,
you're looking at the Chinese government,
you're looking at some of the big players in Bitcoin are those. And then so my concern is when they have that level of control
over it and have that much of a control of it, the harm they can do with it in terms of manipulating
the market or manipulating Bitcoin and its trends and where it's going and also in terms of adoption
and various other things. So what's your thoughts on that?
Yeah, so the good news is, even if you look at BlackRock,
who I think currently holds maybe 3% of the Bitcoin,
MicroStrategy, another 3%,
I think those are your two largest kind of corporate state-backed holders.
It's still a very small percentage.
Whereas if you look at the gold market,
I think currently it's 60, 65% completely centralized by states. So the good news is
that it's going to be extremely difficult for them to co-opt Bitcoin. That doesn't mean they're
not going to try, and they certainly are trying. But I think ultimately, they will fall short of their needs and desires.
And I think Bitcoin is money for your enemies, not just for your friends.
So while it's troubling to see state actors acquiring Bitcoin,
I just don't think, given the size of the world and the limited supply,
the 21 million hard cap supply of Bitcoin.
I don't think it's in their ability to garner enough Bitcoin to control the network.
Interesting.
I disagree, man.
Look, ever since they made those Bitcoin futures,
they absolutely control the price of where crypto goes.
You know, I hate to say it, but they do control the price movement, at least in the short to midterm.
We could argue the long term, but the short to midterm, they absolutely do control it.
And the more and more Bitcoin they buy, the more and more Michael Saylors that come around,
where they're dumping billions of dollars into this thing and owning a massive loads of supply, the more and more hedge funds that get involved, the less and less it becomes
the Bitcoin that we remember it being, you know, we remember it being not used by the bankers.
And now the banks are loading up, not used by the government. Now the government's loading up.
I don't think it's a good sign when you've got congressmen talking about, oh, it's going to
skyrocket and he's loading up too it's just um
you know i'm gonna play the devil's advocate here but it's just not a good look yeah it's a very
fair point uh you know we talk a lot about paper bitcoin futures perps derivatives there's one
thing you have to understand about bitcoin that makes it different than any other asset silver
gold as an example bitcoin has a blockchain that backs it right so that because there's 21
million bitcoin and and it's a finite supply and because every 10 minutes on average we can audit
and verify the bitcoin it's a very different derivatives complex than any other asset wall
street or banks have ever seen before so this gets into my big long thesis that Simon mentioned.
You know, what will happen eventually, and it may not be immediate term,
it may be in the short term, it may be the medium term,
is that this derivative complex, the COMEX futures, cash settle, the perps,
they're going to run into a problem because once these treasury
companies and large institutions have acquired so much Bitcoin, right, there won't be Bitcoin
available to loan. And all of these derivative complexes require that the underlying asset
be freely available to be shorted in order for them to function, right? So where is this leading
us, right? We're headed into a world in which in the next financial crisis, and we all know the
next financial crisis is coming, in that next financial crisis, Bitcoin will be the off-ramp
asset that didn't exist in 08, 09, right? So the large hedge funds, big money managers,
Right. So the large hedge funds, big money managers, wealthy individuals, family offices will pull their money out of the financial system all at the same time and into self custody, meaning that any of any Bitcoin that's perps is they will collapse in price. You will see a tremendous dislocation between the price of the COMEX future and the price of spot Bitcoin.
And that market will collapse, leading to a massive derivatives unwind or short squeeze,
right? And in the case of Bitcoin, unlike GameStop or Volkswagen with Porsche, there is no CEO to turn to, to ask them to sell more Bitcoin
or create more Bitcoin, right? You end up in a whole new world. And I think Wall Street is
sleepwalking into a catastrophe with their HomeEx futures and all of the related derivatives that
are being built on Bitcoin. this time is going to be different
this product is different this hard cap supply is different the complete decentralization is
different this is something wall street's never seen before but i think it's a really good point
gary jump in absolutely and i agree i agree with like a lot of what you said too uh that's why i
hold bitcoin myself so it's not to talk down on Bitcoin.
But even as a Bitcoin holder myself, it does worry me.
It does concern me seeing too much Fed involvement, too much government, too much paper, like you said.
And I think what you said is absolutely true.
It kind of reminds me of what's going on with silver.
So I definitely agree with a lot you said.
Thanks.
See, this is the flip side of that.
First off, I'm not aware of any large countries getting involved in Bitcoin or doing anything right now.
I hear people talking about it.
The flip side of that question would be, sir, how would you like it if none of the banks were here, no one was supporting anything, and the regulators, that would mean the regulators were still just beating us into the ground.
See, this is the problem for the older Bitcoiners is in order for us to get adoption,
in order for the Trojan horse to work, you kind of got to get into enemy territory
and you got to get enemies to take some of the medicine.
And as soon as they take this medicine, you're seeing a conversion of really powerful people.
OK, like these are not, you know, Jilly Bob gangster and Billy Bob crypto, man.
These are people with some serious money.
And, you know, my involvement in Bitcoin has made me a better person.
And I'm pretty suspecting that I'm not the only guy that's going to improve his theological
position in life or spiritual viewpoint once he sees what real value is and how to retain
that value without killing yourself or killing somebody else. So I'm a big believer.
We have to have everybody in.
It is a good look.
Okay.
It is an awesome look to have these people here.
And I've been in markets my whole life, man.
In order for a market to work, you have to have a few players willing to play 24-7 every
day.
Okay. They're market makers. And this is the part of centralization I think some Bitcoiners may not fully appreciate,
but there's tremendous value in centralization. For instance, what we're doing right now,
although we are all decentralized, we are on one platform. And if this one platform wouldn't be here, we would struggle.
So now we have to hope that X does its job and doesn't start, you know, completely distorting the platform.
But I like having all these players in here, man. We have less than 2% adoption across the world in Bitcoin.
2%. world in bitcoin two percent i mean we got xrp saying hey the whole world's you know uh not even
looking at big not looking at xrp because they're looking at bitcoin it's like dude seriously okay
two percent of the world is looking at bitcoin that's it you guys can go get the other 98
um it's all coming this way because this money works. And sadly, for many Bitcoin,
it's going to be some really rich institutions and banks that make this next move. It's going
to flood the system with seriously wealthy people. And we're going to have to learn how to
merge and cooperate with those guys. It'll be good for everyone.
Yeah. Simon, I've got a question for you something we discussed
previously as well there was two uh important uh points that occurred over the last week or two
um which one of which didn't impact the market and the other one did which was surprising i know
sentiment does play a big factor on uh the value Bitcoin. I know you're not a big believer in caring about the value,
but that being said, like a lot of people are.
One of them was when people think it was Roger V, right?
But basically a large sum of Bitcoin was transferred from one wallet to another.
That resulted in the Bitcoin, the price of bitcoin tumbling a bit on the other
hand we saw i believe a few days ago where somebody sold i was 80 000 bitcoin and and it didn't impact
the price at all what do those two stories tell you in terms of bitcoin the fact that market
sentiment doesn't impact it that much, or if it does,
like what's your thoughts on the whole process? Yeah. So to be accurate, there were 80,000 Bitcoin
from a 2011 wallet. Because Bitcoin has a blockchain, we can see every single transaction.
We don't know who it is, but we can actually see a transaction. And there are a lot of incredibly wealthy
billionaires that are managing what the next phase for themselves is. And depending on where
they live, you know, if you're America, it takes like, I mean, Roger Ver tried to not be a US
citizen. It took him 10 years, and he still ended up in prison or is being charged at the moment because he tried to escape the system.
And so it's very, very difficult to exit the U.S. tax system out of every single country in the world.
And U.K. is kind of headed when you're when you're wealthy, when you're wealthy.
You got to pay your way out. Right. Bitcoin, buying a public company, constructing some kind of tax efficient strategy to put them
in that company, transfer them to a trust, borrow against it and do all sorts of things.
Like, I'm not sure of the exact structure. Everyone's slightly different.
But all I'm saying is that there's a lot of planning going on.
Now, we don't know and we will not know what happened.
But 80,000 Bitcoin were sent from a 2011 wallet that has never moved.
And they went to the OTC trading desk of Galaxy Digital.
Now, you said it tumbled a bit.
It didn't tumble.
It was just a tiny little blip in the price, like tumbling in Bitcoin.
You know, I've witnessed 19 percent moves.
Like the very first week I got involved in Bitcoin, it crashed from $30 to $3 that week.
And, you know, but we're not in that market anymore.
We are so liquid that I believe what happened is 80,000 Bitcoin was sent to
Galaxy. And I think Galaxy had more buyers than sellers. And they're looking for people.
They're looking for Bitcoin to fulfill their OTC orders. I mean, they've got treasury companies,
they've got all sorts of different players that need to get those Bitcoins. So I don't even think they hit the market,
is my speculation.
I think immediately they would just transfer OTC
to somebody else.
Totally, Simon.
Simon, these are going into treasuries, okay?
And most certainly, all this volume,
that is exactly what's happening.
I'm going to end up getting a phone call.
You're going to get a phone call
because people are going to do this endlessly. Yeah. I mean, I think that's what happened.
The person that had 80,000 Bitcoin, someone would have known he would have become a client of an
OTC trading desk. And they would have been saying, what's got to happen in order for me to persuade
you to sell your Bitcoin or transfer them to this treasury. Hey, let me create a structure for you.
And so he did it.
That's my guess.
I say he.
I don't know who it is.
But the point here is Bitcoin is so liquid right now.
It's almost remarkable for me to see how much volume Bitcoin can handle now, because I'm used to those days when
like, you know, a corner shop in Canada would open a Bitcoin ATM and the price of the market
would go crazy. And then one person trying to sell a few Bitcoin would impact the price. And
just one article written about Bitcoin. I've been through that whole journey. But now,
written about Bitcoin. I've been through that whole journey. But now, I mean, this is just,
it's so liquid right now. And that's the point here. Bitcoin has become a global asset,
where if you need to sell $9 billion worth of Bitcoin, that's a couple of phone calls away,
and it doesn't even impact the market. That's remarkable.
Yeah, that is impressive, simon one other question that i
bring prometheus in as well as and to anyone really i mean one i know this this is i know
your psychology on this simon you're like you know what i don't care i don't even look at the price
of bitcoin for me it's like i'm looking at the let me clarify quickly i care about the long-term
price because i want it to perform in line with a fixed money supply asset.
But the short term, I don't focus on at all.
OK. And so obviously, I mean, you agree that Bitcoin has been going through certain cycles and it's been topping at certain times and then bottoming out at certain times. I believe just a couple of
years ago, it was down to almost 15,000. First of all, do you agree that Bitcoin needs to get
to a situation where it no longer does that and people will have trust? B, do you expect that to
happen again? C, if that happens again, can you why um a lot of people may be thinking look
is it good to buy at this point it's gonna drop lower why would i you know it took me 40 hours
to earn x amount of money i can get x number of bitcoin now or i can get 2x number of bitcoin
in a year if it crashes so what's your thoughts on those three points uh yeah i've forgotten all
three points but um do you mean one at a time what was the first one quickly um um do you think that so the first one is do you think that there needs to be
a lack of volatility right for there to be trust because of the massive so the rules of the market
are that the more liquid the market is the less volatile it gets um and the returns diminish
over time because you're you're you're risk adjusted here. So Bitcoin's now approximately
a $2.3 trillion asset. The entire US money supply is a $21 trillion asset, well it's not an asset,
currency, and gold is $22 trillion. So Bitcoin is one-tenth of the size of the entire gold supply,
absolutely remarkable. The fifth largest asset in
the world. It's larger than, I think it's Google and Amazon. And then you've just got some assets
like NVIDIA and Microsoft and Apple in between of gold and Bitcoin. And so the more liquid this gets,
the less volatile it's going to be.
But I do believe in what you said.
I believe that the financial terrorists and the sharks, they are in.
There's a lot of money to be made in Bitcoin out of short-term price manipulation.
There's nothing they can do about Bitcoin long-term.
But short-term, they like to create some volatility and say derivatives can either hedge some of that volatility or create that volatility. I'm not ignorant enough to say that Bitcoin is shielded from some of the tactics
of Wall Street, but I am very confident that they can't do much to it long term. And the incentive
isn't there. There's too much money to be made here uh for both them
and us uh so no i i don't think i think volatility can be switched on and off with um with derivatives
and wall street shenanigans and hedge funds and um different things that they'll do but long term
it just doesn't matter and then the other point is this like i know there's a lot of successful people on the
space um but i'm like there's a lot of people who aren't as successful right but they do want to get
into bitcoin and actually i'm just getting a couple of messages now saying yeah that's exactly
how we're feeling about thinking so please don't try and dismiss this question just try and see it
from their perspective as opposed to i've got. I've got the question. It's too
expensive. I've missed the boat. No, no, no. That's not the question. There's a lot of people
who don't think that. A lot of people think we still want to get in. But what they're thinking
is right now, as an example, Bitcoin is 120,000 again while we're on the space. So Bitcoin right
now is $120,000. For me, I've got, I don't know, $20,000 worth of savings or $10,000 again while we're on the space. So Bitcoin right now is $120,000. For me, I can, you know,
I've got, I don't know, $20,000 worth of savings or $10,000 of savings. So I can get, let's say,
I've got $12,000 of savings. I can get 0.1 Bitcoin now. But then in a year, Bitcoin might be down to
50,000. And so now then at that point, I can get 0..2 bitcoin and so what it means is long term this
is going to benefit me because i'll have more bitcoin and so why would i spend more now which
to you know save 12 000 took me thousands of hours to work uh when i can have it for half the price
next year and i just wanted to really get into this i could because i know your thing is like
it doesn't matter just get your your Bitcoin, wherever it may be.
But an average person, they don't think like that. They're thinking, you know what,
we want to maximize our situation.
Okay, I'll answer the question.
Look, if you're the less than,
maybe you're the 1% of the world
that knows the exact top and the exact bottom of Bitcoin.
I worked in the London Stock Exchange.
I worked with Wall Street.
I worked with the best traders in the world you know i had goldman sachs on the call um even they get pricing wrong
and they don't sweat the small stuff and so i can tell you that i bought bitcoin every month since
2011 but but sam you know when you say small stuff like i get it if there was some form of
volatility like is that 120 now me and you joke around i always joke with him bitcoin's crashing it only
goes down like a hundred dollars or something there's a small it might even be thousands of
dollars it's a small amount of volatility but to go from 120 as an example to maybe 40 or last time
the bitcoin cycle i believe it went from almost 70 down to 12 to 15. That's a huge drop. That's not minor.
And that means an average person can get a lot more Bitcoin. Sure. And if you can call the top
and bottom, then you may get more Bitcoin and people try and do it. And people do call the
market. What I have found is that the average person is not watching the market and doesn't
know enough in order to do that successfully and so if you
want to use technical analysis and you want to guess the short-term price then feel free uh people
can do that um but what what i what i can tell you is i reckon over 50 percent of the time short-term
price i'm just talking about like for example now to next year and next year and people do a lot of
people do think the crash is going to happen next
year i mean i know a lot of you guys may not do and so therefore they're thinking like next year
might be a lot less than it is now therefore yeah so the answer to that is dollar cost averaging
and if you haven't heard of dollar cost averaging don't think of it right i have fifty thousand
dollars now and i'm never going to buy bitcoin again. That's called an investment.
What everybody needs is income.
And if you don't have income, this is going to be hard to do.
But everyone needs a job or a business or whatever, and you need income.
And if you don't want to try and predict the price, which is, I think, a fool's game for most people,
then you buy your Bitcoin. And then every time your income comes in,
you buy your Bitcoin. And so if the market is crashing, you keep buying cheaper and cheaper
Bitcoin every time you buy it. And so you've got a dollar cost average in order to spread out your
entry price. And that's the mechanism that everybody can do. So just once a month or whatever it is for
you, say, I'll buy Bitcoin, whatever the price is. And then if you want to mix up those rules,
but I can't tell you how many people have waited for a price. I remember Vinnie Lingham,
very famous Bitcoin. He sold all of his Bitcoin at $1,000, said that it's getting too centralized in China.
And he was saying, I'll buy back if it comes back down to $200 or something like that.
And it never went back down to $200.
So they missed the whole thing.
He got a higher price.
Just understand that emotion that you're feeling.
We all feel it.
I've been doing this for all, every time, probably 60, 70% of the time time that i buy bitcoin it waits for me to buy
and then it crashes back down and i could have got it cheaper but i've just learned to deal with that
because over the long term it's never really made that significant difference and the bear markets
are the best time like the bear markets if you buy every single month into a bear market
what what you what the psyche is stop valuing your wealth in dollars
and value your wealth in bitcoin the lower the price goes the more bitcoin you get
if you're accumulating with a dollar cost average
yeah that makes a sense a lot of sense gary you had your hand up jump in
um yeah look i I think that, that, you know, a $20,000 investment. First thing is, I mean,
I think people need to, the question is, Hey, are you able, one, do you have any debt? Then two,
are you able to hold this investment for four to eight years?
You know, I know a lot of people that invest in homes or they invest in multi-dwelling.
And these investments, if they are investments, their minimum of in a fund that you go into
for real estate, it's a 10-year fund.
You don't really know if it's up or down.
When you buy your house, Solomon, you don't have a quote on your house, what it's worth today. You
don't worry about if it went down 50%. I mean, I think if you're just in for one-time hit,
buy $20,000, awesome. Buy $20,000 worth worth of bitcoin go back to work wake
up in eight years figure out if you did a good job you're going to be grossly disappointed
that you didn't continue adding to that in fact there is no one that started 16 years ago or
three days ago that if they had added can it, they're not in better shape.
And we have three, four-year cycles to look back and say no human being on planet Earth has bought Bitcoin at the high, the very high of that four-year cycle.
And if you're willing to hold on to it, that $69,000 that you would have bought three and a half years ago, Salomon, four years ago, it would be worth $120,000 today.
And your crude oil did not
bring you that kind of return. And it was effortless. And I think that's the, to me,
this is one of those things you look at as a private equity play that the owner of the Bitcoin
is actually building his own business, his own franchise. It costs $2.5 million to buy a Popeye's fried chicken franchise.
Then you have to take care of it, dude. Then you have to fire people. I can buy Bitcoin for $112,000.
I have 450 million marketers and everybody and their brother coming in right behind me.
My brother and I used to buy apartment doors for $45,000 a door in Arizona.
Those are worth $350,000 today. I don't want to buy a $350,000 door. I want to buy Bitcoin.
Oh, by the way, in order for that $350,000 to get paid, he gets to borrow 85 cents on the dollar.
Bitcoin, I have to pay $100 for $100 worth of Bitcoin. There's no leverage,
and we're still priced at $120. What happens to Bitcoin when I can treat it like a mortgage,
when I can borrow 80% to buy the Bitcoin? Now, I'm not suggesting that's ever going to happen,
but what would happen to real estate or crude oil futures if I couldn't lean into them and use leverage, right?
Housing prices would go down 40% overnight, and multi-dwelling corporate would probably go down 60 or 70, man, if you couldn't borrow 80 cents on the dollar.
So when you think about it in these terms,
oh, by the way, there is no one in this yet.
This is a $2 trillion industry.
And it's about the smallest of any industry on the planet.
So it's really hard to imagine.
I've been doing this 40 years.
I've been looking for this holy grail my whole life. I've been in nat gas, power, crude oil, payments, fintech and fraud. I think we're going to make more money. The people that are coming in in this generation will retain more profitability than the prior 15 years of Wales.
Now, how outrageous of a comment is that?
That tells me, oh, wow, I think the opportunity actually in the next 10 years is going to be bigger than the prior 15.
Opportunity actually in the next 10 years is going to be bigger than the prior 15.
And I can put size on now, dude.
In fact, I can put more than my size.
Like I can lean into this thing because it's so clear to me where this is going.
But you don't you don't do that without, you know, a lot of study and a lot of homework.
and a lot of homework.
And there's no situation where I could build
where any other token has the ability
to do what Bitcoin may be able to do in the next four years.
And this just would not be the cycle I would want to miss.
Because this cycle, I think this cycle may...
So my thesis is this cycle is actually going to prove the Bitcoiners wrong.
My thesis is this cycle is actually going to prove the Bitcoiners wrong.
The Bitcoiners are going to be proven to have grossly underestimated what Bitcoin is, which is what most people do when they're in disruption.
And the very people that create the disruption, if you go back and study history, they all underestimated what they were doing and the impact it would make.
That's really interesting.
In terms of, no, I mean, I vehemently agree with you that over the next 10 years,
Bitcoin is going to be a much better situation than it is now.
And I do like from spending so much time on Spaces with Simon,
it has really, you know,
has really given a kind of broad perspective
on the importance of Bitcoin
and how getting in it
essentially sorts out your future for future generations.
So I vehemently agree with you on that regard.
In terms of the cycle situation,
I think that's where I always have a problem
when it comes to this crypto stuff,
because you shouldn't have a scenario where there's such volatility.
That's where I kind of slightly disagree with Simon.
I think it's just so problematic for an average person when you're seeing that happening.
Unless you're willing to, as you said, Gary, keep it for like four, eight, ten years.
Then it's a totally different situation because you're not looking at a short term situation.
Prometheus, jump in. But if you're not doing that because you're not looking at short-term situation. Prometheus, jump in.
But if you're not doing that, you're not an investor.
People have to qualify what they're doing.
Are you a mainstream media personality or are you an off-stream media?
You made a decision.
Hey, I ain't doing mainstream.
If you're going to be a trader, the skills to trade are different, man.
trade or the skills to trade are different, man. Okay. Like if you're going to be a basketball
player, you better be six foot tall or, or, or, you know, a fucking miracle, um, or a football.
I'm never going to play football. Right. So I have to figure out, do I want to spend 18 hours trading
the most globally open market in the world? The world has never, ever seen a market that's open
24-7. I don't think people really understand how significant that is. The most a bank has opened is
six hours a day, four days a week, once you take out all the holidays.
It's 24 hours a week. It's 100 hours a month. For a whole 120 hours a month, you get to do your banking. That's
about right, or 1,200 hours. It's 8,760 hours trading Bitcoin. And that's why it appears to
be violent. But the truth is, my journey with Bitcoin has not been violent, man. It's been,
oh, wow, the price is half off. Let me buy some more. Oh, the price
is half off. Let me buy a little bit more. Because if you're just going to stop with that initial
investment, to me, you tell your friend, hey, do the 20 and then do another thousand a month
into Bitcoin. And you do that for the next 10 years. And you're going to say, hey, wait, wait,
wait. Look, you're still creating money. Why would you want to stop investing the money you're producing?
Okay. If you're going to sit there and go, I'm going to invest 20 grand and go lazy.
Well, you're going to lose because other people are working and they're building.
This actually allows you to build what you want. Now, you're still going to have to suffer four to eight years.
I don't know anybody that gets rich by not being disciplined for at least four to eight years.
No one that's built a business, dude, has ever exited in under four years.
Not really, right?
So it's just a more mature way of looking at it.
Do you want to make quick money and
wear a Rolex and drive a fancy car? Or do you want to not have to do that? I kind of like not
having to do it. Yeah, that makes a huge amount of sense. I do agree. I think the biggest concern
you have is if, hypothetically, someone's in that situation where they need to pull their money out
because of an emergency because they don't have a huge amount they're not someone you can't do that
with your house though man you got to treat it like see you you never oh i have an emergency
your wife doesn't go hey sell the house but they'll sell the bitcoin that's ridiculous
okay you don't look at a house like that come on you should broke. If an emergency pops up, go ask your fucking family to
help, dude. Like you're because 20 grand isn't going to help you out of an emergency.
Fucking my emergencies cost a lot of money. I need my wealth to be protected. I'm going to,
if I get hurt and sick, oh wow, my girls, my girls are going to be okay, dude.
Like, oh, wow, my girls, my girls are going to be okay, dude.
I don't know if they're going to be okay if I'm into avalanche.
Okay, and I died this afternoon.
Okay, like that shit does happen, by the way.
People die, right?
So you start looking at the whole thing.
I mean, if you're trying to make really life-changing, life-changing, a legacy-changing
kind of thing, it's not going to come by sitting on a space and buying half a Bitcoin.
Like, I spend most of my time going, how can I create some more fiat, man, so I can convert it
to Bitcoin? Because I know the fiat's being diluted by the day, dude. They're not even
putting sugar in anymore. They're just adding shitty water. No sugar whatsoever. I'll be quiet. You're getting me all jacked up now. I want to go
buy some Bitcoin. Well, you're getting us all jacked up, Gary. I agree with a lot of what you
said. The reason I'm asking these questions is just because I know speaking to the average people,
some of the concerns and contentions they have. So this is a way of you guys...
Gary, you got me wanting to put bands in Bitcoin now.
No financial advice, guys.
Just let you know.
But yeah, actually, maybe it is some good advice, though.
You know, just to see things from like a different perspective.
Let's go.
Prometheus, jump in.
Hey, Sully.
Thanks for having me.
And excellent space we've got going here.
Everybody listening, please retweet the space.
You're getting such serious alpha.
And I very much agree with what Gary just has been saying for the last half an hour.
First and foremost, the existing system is collapsing.
And they're realizing day in, day out that actually this is the new foundation it's not
gold it's not real estate it's not you know all these other systems we've created it's bitcoin
and it's going to be a handful of potentially other blue chip cryptocurrency systems um that
are going to be truly scarce, truly liquid.
OK, like what Simon was saying, we're in a, you know, there's more liquid liquidity in
this space now than ever before.
I'm right now working with two companies, Arch Lending and Milo Credit, both of which
both of which give you liquidity for your Bitcoin, right?
give you liquidity for your Bitcoin.
Right.
And with Milo, for example,
you can put down what you need for a house
without actually selling your Bitcoin.
Arch lending gives you loans and so on.
Like there's a lot of these new products and services
that are coming into this marketplace now,
the likes of which we didn't have for the longest time and there's still trillions
literally trillions waiting uh to still come in like bitcoin will go in my humble opinion north
of 20 trillion within the next i don't know 10 15 years easily um simply because that early majority curve
is about to be hit.
Okay, like we've done the critical damage,
what Gary was saying earlier,
like platforms like X and many others,
like we're stealing the lunch from all the legacy media.
Like where, Grant, Gary's brother,
made this brilliant observation many years ago.
I consider him actually the first one to really say it, which is money flows where attention goes.
And we are the attention grabbers of the 21st century now.
And for good reason, because we're not out here selling fluff.
Bitcoin is the total opposite of fluff when it comes to like being a hard asset um now from
here how is it you as a retail investor um and and someone coming into the space how can you profit
from this great wealth transfer that's happening well you can't just sit on your ass and simply
buy a little bitcoin and that's enough no No, get involved. Get your hands dirty in this
industry. Tell other people, educate people. One of the things we're doing as a campaign right now,
working with these companies is we're getting a bus. We're calling it the Bitcoin bus.
And we're showing up to Edinburgh Festival. We're creating flyers and all kinds of other things.
And we're going to be talking to people on the ground, creating media, getting them to purchase their first Bitcoin or if they're already purchased, you know, give short interviews and so on.
Gary, by the way, has made some great media.
I highly recommend him and many others in this space.
But, you know, that's how you engage the wider public and how you create a business,
a revenue generating business,
which is what Simon was talking about.
I think we lost him.
I don't know what just happened.
Yo, Gary, you made a lot of really good points there.
And it's cool to see somebody
that comes from like real estate
into the Bitcoin market
and just adopts this like crypto
thing is truly wonderful because, you know, I come from an era where it was always buy a house,
buy a house. You know, ever since I got my first job when I was 17 years old, my parents were
telling me to buy a house. And, you know, I started buying real estate. I did pretty, pretty,
pretty damn good on it. But had I bought Bitcoin with that same money, I think for
a $40,000 or $50,000 down payment at one point, I could have gotten 40 or 50 Bitcoin and I'd
be sitting really pretty right now compared to real estate.
Not really a jab against the real estate market.
I mean, I still think real estate is great.
I mean, it does bring me a great return
on investment. It brings me security and stability and all that stuff, especially when the crypto
markets aren't doing too good. But what would you have to say, Gary, if you're there right now
about something like that, where we went from an era where cash was king, where real estate was
king to now crypto, where it's like the true king having proven itself over the last 10
to 15 years. Well, yeah, look, if you're talking about your house is a good investment, I'm just
going to massively disagree. It's a horrible, horrible, horrible investment. It's a construct
from the 20th century that your parents bought into, their parents bought into,
and the banks before those parents sold it to your super grandparents.
So a house investment is horrific, man.
One, in a world where we are digitally now transients,
And transients, like you should be able to move anywhere in the world and do your job
like you should be able to move anywhere in the world and do your job,
to get stuck on a zip code is really a bizarre thing to do.
To even call a home.
My car is not an investment.
It is a tool to get me somewhere.
My house is a place to just kind of keep me safe.
My house, by the way, is worth $120 million in Bitcoin terms.
Okay, I have a nice house, but it is not worth $120 million.
That's what I left on the table.
For not seeing Bitcoin the way I see it today, it cost me $120 million.
Period.
And you can say it didn't, but oh, yes, it did, because I did see the opportunity. $620 million. Period.
And you can say it didn't, but oh yes it did because I did see the opportunity.
So what's that?
You spent like $20 or $30 million on the house?
Dude, I spent $8.6 million.
This is my point.
Somebody gave me $12 million to buy an $8.6 million house
that today had I just bought the Bitcoin.
I could live on a a yacht anywhere in the
world three times a year uh just move around so i think we're all thinking small okay like i so so
the house investments not investment no wives ever sell the house when they double in price
that's exactly why you know it's not investment. By the way, Bitcoin does not make you clean the roofs. I know you want to clean those roofs,
Bo, but if you invest in Bitcoin, there's not going to be gutters to clean. There's no plumbing
to do. There's no insurance company is going to call you and say a storm just came through,
and we're going to charge you an extra 20%. If your wife divorces you, you can split up the Bitcoin.
You don't have to sell the house and then cut the house in half.
You know, there's no human error.
Okay, you don't have any bad neighbors.
I mean, you end up with neighbors like me.
They can't seize it.
It's hard to seize.
I can't say they can't seize it, but it's harder.
And by the way, anytime you just get pissed off working for me, you can just go, hey,
Gary, fuck off.
And you're out of there, dude.
You're flying around doing whatever you want to do.
It's total freedom.
The house is really a bad investment.
So it's a joke, actually.
And Americans really own a lot too much home.
They, they, so, um, I've rented and owned homes.
I have never had a human being go, Hey, by the way, uh, that party you're throwing, do
you own the home or do you rent it?
So, so nobody even cares.
Like, does anybody care if you rent your BMW or if you own it or you lease it?
No one cares anymore, except the wife.
For some reason, women just have this, oh, I'm going to have babies, man. We got to have a house
and the kids have to be secure. Dude, they're secure when they're around you. It's not about
the house. I've got an 18-year-old that's lived in 15 homes already now and and she has great
memories in all of them and we we all our adventures are oh remember when we lived at 122
so the house thing is we got to get beyond that otherwise you're going to die to like the weight
of taking care of these homes okay so i have a question for you gary about that yeah mind
so um i always kind of viewed rent is like throwing money away
What if somebody were to be able to like are you saying just don't like buy a house all out?
Or are you saying like don't you think that I'm saying don't don't suck up your principal
Don't spend a hundred thousand dollars on a house
It costs 600 grand so that you can put a weight around your fucking neck.
You meet some guy in Spain and you can't even leave.
He has to come to you.
You met the greatest guy.
Oh, hey, Gary, I've got this 2.6% note on this house that my mom gave me and I can't sell it.
This is crazy, okay?
I can't sell my house because if I move to Florida, I'm going
to have to pay 6%. And it's like, okay, so let me understand this. You have a 2.5% note that your
mom gave you on the house. You're going to make 100% on what she paid for the house. You then are
refusing to move to Florida for a journey and adventure over four fucking percent a year.
Like this is crazy talk. This is people that don't even know any math. If your house costs
half a million dollars, you're literally making a four percent decision cost you twenty thousand
dollars a year. And like, why wouldn't you move? Move for the opportunity. So that's why I say
don't buy the house.
The other thing is you guys never think about what it costs to maintain it, upgrade it, fix it, clean it.
Okay?
The other thing is, hey, we're just running into AI here, okay?
And as the house prices get into the million-dollar range, I'm pretty sure a smart guy is going to go, I think I can make a house
for $200,000 out of a machine, stack and pack it, and it won't be $200,000. It'll end up being $50,000
and house prices will come down. The technology is going to destroy all these problems, guys.
These are temporary issues. So if you think housing price, oh, wow, what if that were to happen? You most certainly
want to be in Bitcoin. You see where we, every time you go somewhere, look, medicines are going
to be made for you, Mays. And it's probably going to be from a doctor that you created in your own
computer. Medicines are going to be made. We're worrying about house prices. This is temporary, guys.
It is Bitcoin. This window, by the way, what is also temporary is this window.
This window will be the widest open window for the cheapest amount of risk ever in the history
of Bitcoin. Ever. Every moment from here on, you can just add, am I paying 1%,
3%, 10%, 100% or 300% more for what I could have done in this window when it was so clear to jump
through it? Everybody and their brother's going to jump through this fucking window and it's going
to get smaller and smaller and smaller. And it's going gonna happen very fast because the money
moving here is getting bigger and bigger see that's the other thing people don't
understand Solomon all that volatility in the 10 years ago or four years ago it
was because this is a bunch of fucking broke crypto bros this is different man
this is very different these people don't get flushed out.
I like that. I like that a lot. Again, times have changed a lot, right? You know, what our parents
and grandparents, great grandparents, grandparents, what they got brainwashed by in the past is
completely different today. Like the 90s and early 2000s you know you remember all
the commercials for the lottery it's like if i had a million dollars and you know i want to be
a millionaire so freaking bad bro million dollars ain't shit today like it actually is nothing if
anyone down there thinks a million dollars is a lot of money, I could show you how to go through a million dollars very quickly, even in the crypto space.
Right. You know, we see people making a million dollars a day.
We've got to teach them how to make a million bucks.
No, that's a fact. easy to make. And you just hit it, man. It is easy to spend and get rid of. But the truth is,
today, a million dollars is just as easy to make as $100,000 was for me maybe 15 years ago.
You just got to think differently. I've been very, very, thank God, I've been very successful
in the crypto space. And I'm going to tell you all something.
If you go right now and you win the lottery, right?
You find out you won $100 million in the lottery.
It takes a few weeks, if not a month, to actually get that money.
For the check to get distributed, for everything to get cleared, you got to go see lawyers, all that stuff.
But the second you win, what do you do? You go out in the streets, you start handing out all that money to random people. You start
helping people. You start calling family members saying, I'm going to do this for you. I'm going
to do that for you. Most importantly, you have that belief, right? You have that. It's set in
your mind that you're going to have a hundred million dollars in the next few weeks or within the next month.
There's nothing different from that than the people listening in this space right now that don't have $100 million, but also don't know that that $100 million, it's there for you to get,
right? That's the art of manifestation. So if you sit here and you truly, truly believe
that it's easy to make a million, it's easy to make 10 million, and you're going to figure it
out one way or the other, how you're going to make a hundred million dollars, you could reach
that point before you know it. So it's important in this space to listen, listen to people that
are successful guys, listen to people that are making money that have made it in this space to listen. Listen to people that are successful, guys. Listen to people that are making money, that have made it in this space. And I promise you, manifesting it,
working hard, working smart, will get you there in the crypto world.
So I'm just seeing a comment. I think May has replied to it. But it basically says,
this is something that Gary, one of the comments said said this is something i so disagree with him on if i hadn't bought my house
15 plus years ago i wouldn't have been able to buy my second investment house all my land
and all are paid off i do agree don't get a loan though i paid cash to start the first investment
what's your thoughts on that i know what your answer to that is going to be, Gary, but just for the audience, do jump in on your thoughts on that.
Look, everybody's different, man.
If he would have been wise enough to invest this 10 years ago
into Bitcoin, he would not be saying what he's saying.
So the numbers are the numbers.
I don't...
He'd be a billionaire.
If he'd invested that money into Bitcoin 15 years ago,
he'd be a billionaire.
I've lived in some of the most beautiful homes you could imagine.
I lived in a 400-year-old mill house in England.
And look, it's just a home, man.
Okay?
I have good memories in it.
But it's not like I would rather be very fucking rich.
I can move around.
I don't have to own a home or a car to be relevant.
So the only reason that we buy homes is that's the system we're in. If all
you guys just go, hey, fuck, I can't afford a home. I'm a renter. I would rather blow the cash
maze, okay? Because what the renting allows me to do is it allows me to take all the other capital
and all the money I make. I never have to do any plumbing fixes. None. Zero. I also have more time to study,
and I have more time to do work. Every time I work for you or Solomon,
and I come in on Wednesday, and I go, hey, I got to leave at 2.30. My plumbing's down.
Like, you guys should say, hey, fuck off, dude. I didn't ask you to buy a house.
Okay, now, all of a sudden, my house is no longer allowing me to be the great professional that I
could be. So there's so many benefits to renting that allows you to supercharge. See, I would have
said to that man, I don't know what his rates were. Maybe he couldn't afford it, but I wouldn't,
I think he underused leverage. I would have rather seen him, okay, you want to own the house, take 50% out and take the other 50% and put it into Bitcoin.
Watch what all the real estate guys do, okay?
Six months from now, literally six months from now, every real estate company you know, every REIT, will be doing this on Bitcoin.
And they will be doing it in humongous volumes. My brother is like,
you ain't seen shit yet, okay? Like it took him two and a half years to get to this point. Now
he's gone from 15% allocation on one asset to 50. And he will end up, I think, people will have to
almost give him the property for him to buy it.
Because he's going to look at Bitcoin and go, dude, this is just too smart.
You know, some people are just too, they want to work too much and they're too smart for Bitcoin.
I do believe that, okay?
There are some people that are just too smart and they're too clever to get this. I would hate to know all this and miss it. Now,
that I could not live with myself over. When I see an opportunity like this, Salamone,
I've had so many cool friends that I know, and then I'm like, yeah, I wasn't a gangster enough
to pull the trigger. That would kill me, man. Imagine me telling my kids, hey, man, I could have bought
Bitcoin, but I was a pussy. I didn't understand what I was doing. I wanted you guys to have a
mortgage. In case that I die, you get to fucking take over a bunch of problems. I mean, that is
what, okay, man, he's like, I would literally leave my kids with a problem. They have to sell
the house. They have to take care of it between selling it. They got to hire some, I, Maddie's like, I would literally leave my kids with a problem. They have to sell the house.
They have to take care of it between selling it.
They got to hire somebody.
I mean, it's just a train wreck of work for them.
I'm going through that right now, Gary.
So I decided to sell, thanks to you and Simon talking, and Dustin.
You guys were in your space the other night.
were in your space the other night i was trying to decide what to do with this condo that i have
I was trying to decide what to do with this condo that I have.
um but it's it's such a pain in the ass between the hoa and then the special assessments and then
if the building something goes wrong like now now you didn't say about hoa i would never get into an
hoa rental okay like like you you don't oh you own the hoa hoa are. Are you in Texas or Florida? I forgot. No, I'm in North Carolina.
Oh, yeah.
HOA's.
Those can go up forever.
That's what I'm saying.
There's no limit.
And I'd get amazed.
I tell you what, if I if I owned anything that had an HOA, I'd get the fuck out of it so fast.
Yep.
I'm selling it.
I'm selling it.
And I'm going to put the money in bitcoin and it's
funny because my uncle's like what are you gonna do with it why don't you just rent it and he's
not like i have to get him um into the whole bitcoin conversation he's he's kind of an oldie
and he's like ah you know um but i think maybe i'll invite him into into one of your spaces. So he would listen to you, I think.
But I decided that...
... ...
... ...
... ... uh maize you're breaking up oh sorry yeah you're still you're still breaking up
yeah when it comes to when it comes to like real estate and stuff right now that shit enslaves us
too like i i don't i really don't have a problem with real estate if you made 150 200 million
dollars off of crypto profits bitcoin profits whatever is, and you need to pay a
fuck ton in taxes to go buy yourself a building or whatever to offset it if you can't find any
other ways to do it. It's like you're furthering an investment. You're getting yourself something
that'll bring in income. If you die, it's like life insurance. My property, let's say I got five
kids. Each one of them gets some sort of life insurance from me on top of my policy.
And it's cool and all right. It's a game of,
it's a game that millionaires and billionaires play, right? For tax reasons and things of that
nature. So it's definitely, it's different when you're on that level. But right now it's time to take risks, fam.
Like you want your grandkids to not ask you, hey, grandpa, what'd you do?
You want them to go on Google and know what the hell you did.
You want the teacher to read that last name and say, oh, you related to so and so because, you know, that guy made history in the past.
You want to leave a legacy behind you where people know about you, right?
Don't ask about you.
And I feel like, again, with crypto, we have that opportunity.
It's still new enough to where we can, you know, make it.
You know, make it, especially if you've been here for multiple cycles.
Especially if you've been here for multiple cycles.
There's a lot of people that I know that were here in 2016 and are doing worse today in 2025 than they were in 2016 just from listening to the wrong people, putting their money in the wrong spots.
And we do have a space where ego like overcomes a lot of people or people just want to hear themselves talk so they can come up, get their little followers, shill whatever they got to shill.
But unfortunately, there's people down there and the listeners that hear the stuff and go and act upon it and fail and don't really catch that problem for years down the line.
So it's crucial to listen to the right people, man.
Gary, I appreciate you, man.
I really do.
To be who you are and take the time to come up and really try helping people as much time as you do is insane, dude.
Yeah, but thank you very much.
And I've made a lot of friends through this.
You and I, like people who thought Simon and I didn't know each other, he and I have become good friends.
So one, it's good for me.
Two, Bitcoin has afforded me the time to help.
And the truth is, dude, I mean, I get a lot of people into Bitcoin. There's no better feeling
than somebody calling you up three years later and going, dude, I just quit my fucking $200,000
a year job. Fuck them. And I'm building something. That's really really cool or I'm spending time with my family and look it's both you know moderate income and super wealth I mean everybody whoever gets it
like they're going to be the right people to get it and to your point about listening to the wrong
people this is one of the reasons I come up on these spaces, man, because there's a lot of bad information out here.
Okay, there are people that will vehemently make up shit, and they are convinced they know what they're talking about, but they're not. Nobody ever says, hey, buddy, how much do you have?
Like, I'm a rich guy, okay? I've gotten rich because I got lucky and I worked my life.
That's who you want to listen to. Do not not i would never listen to someone that doesn't have
more than me it doesn't mean money it might be oh spiritually they're just evolved i need to go
listen to them but i listen to people that have a track record everyone else is full of shit
agreed agreed man very well said! We got Cap on stage!
How you doing, Bucks?
What's going on, man? I know you've been messaging me about everything Gary's been
saying for the last hour.
All good things.
All good things. I've been agreeing with everything
that you've been saying, Gary. I love it.
I would just like to say one thing with the real
estate thing that they got
commented below.
I would say, to say like one thing with the real estate thing that they got commented below. I would say like back then, the pricing on real estate was probably a lot different than it is now.
So I look at Bitcoin and crypto as like the opportunity that a lot of our parents had back then to invest in real estate and reap the rewards off the appreciation and how the whole fiat system works.
reap the rewards off the appreciation and you know how the whole fiat system works
and i think that bitcoin obviously is a whole different animal but we have a similar opportunity
so i know you right on man i know you got something better for us than that cap
i hyped you up i said suleiman i said this guy cap's a great speaker. He's very intelligent.
You come up, man, and you mumble a few words.
Was I mumble when I got AirPods on?
I'm just messing around, bro.
You got to join us more often.
Listen, don't blame him.
Don't blame him.
He's come to the big leagues.
It ain't easy.
You got to take your time.
You got to put your effort in.
You got to get your mind, body, and soul right.
Look, don't hear the guy. time he'll do better hey last week we were last week we were last week we were
the big leagues this week we're the major leagues playboy let's go yeah a lot of respect gary too
and everything you've been saying is 100 on point today everybody in the crowd definitely listen to
this man he knows what he's talking about i'll tell y'all a little something too man
we're we're cooking up we're cooking up a lot of stuff we're really going to be getting some
some really cool speakers on stage we're going to be we've been we've been working effortlessly
on this crypto thing we're going to take over crypto spaces i think we have in like the last
two weeks me and suleim amit we've been around a long time we've been on x a while we became
friends just like gary said, over the last few years.
And I think we're cooking up a whole bunch of cool stuff for you guys.
And when I say that, it's not dropping meme coins and tokens on your heads and using y'all as exit liquidity.
It's really helping y'all level up and get to that next level that everyone strives to reach in the crypto space, right?
to that next level that everyone strives to reach in the crypto space, right? You have so many people
that are pointing you in a direction that leads to a dead end or leads to a cliff and they're
socially engineering Bitcoin out of their wallet and into theirs on this app. And I really feel
like it's time to change that. We haven't seen that mass adoption part of this cycle yet. We haven't seen it since 2021 and early 2022,
where the space is growing live, real time on social media, right in front of us. This time
around, it's like it's the same people from the last cycle, very small amount of new people.
And it feels like it's just the bank's money, which is not true.
I feel like a lot of people do have a bad taste in their mouth from past cycles, previous cycles, especially with social media.
Social media was where you went to get scammed in an NFT or get scammed in a meme coin.
It's where you went and again transferred the Bitcoin out of your wallet and into other people's wallets.
went and again transferred the Bitcoin out of your wallet and into other people's wallets.
So between the people that we're going to have speaking on these stages,
and I don't know if you guys listen to Suleiman's political spaces.
I highly recommend everyone tune into those because, I mean,
I've seen some really, really big people on stage there.
You know, Andrew Tate, Tristan Tate. I've seen some
big political people up there. And imagine that on the crypto side of things, right? Imagine that
on the crypto side of things. And, you know, doing that is not easy. Being in Suleiman's shoes is not
easy. You know, it's not, hey, let me ask every listener for 25 bucks and, you know, round up 25
grand or 100 grand and start paying people to come in. It's built off of relationships.
You know, rather than Suleiman playing a fan of some of these big names,
a lot of them, believe it or not, are Suleiman's fans. And they're Suleiman's fans for a reason.
You know, being able to attract people like that, especially when it
comes to politics where there's no financial gain or monetary benefit, is pretty difficult.
Now, you mix that in on the crypto side, just imagine how many people we're going to be able
to successfully onboard this time. Everyone's always talking about onboarding. Oh, I onboarded
so many people to crypto
onboarding is amazing and i'm going to tell you i was onboarded to this space and i was onboarded
the wrong way like many other people i was onboarded with the sense of you're going to
have financial freedom you are your own bank and all this all this craziness and then it was buy
this meme coin and and I lost money.
Obviously, I stayed because I'm hard-headed like that.
I like learning for myself.
I like doing my own research, and I could probably say the same for Suleiman.
And eventually, right, I became a leader in the crypto space.
If we can onboard people the right way and not just get them to buy whatever it is we're selling, we can retain those people.
The more people we retain, the stronger retail gets.
And eventually we put ourselves in a situation similar to the movie Dumb Money or what happened with Wall Street Bets in the past where it's us versus the banks.
where it's us versus the banks and when it's us you know you find out really quickly how many
people and how much money we can get together to to wreck them rather than them continue wrecking
us so man i'm excited for this suleiman i think we've got a lot cooking i can't wait to share some
of that yeah i think it's gonna be golden we're fully taking over crypto and the main thing is
like you said we're not here to like scam anyone or use anyone for exit liquidity or anything like that you're right when i jumped into crypto i seen
there was there's just too many like i haven't met some other than you obviously i haven't met
anyone and other than people like gary who are bitcoin max i've not met anyone who's like not a
scammer so the aim is to really give people knowledge give them education provide opportunities
and uh listen to great speakers.
And maybe by listening to the spaces,
people are better off and a lot more wealthier.
That's the aim of the game.
But yeah, I mean, we're gonna continue doing these spaces.
We'll be back tomorrow at 2 p.m. Eastern.
We're gonna regularly do this Monday to Friday,
2 p.m. Eastern.
So have your clocks ready
because this is gonna be happening
for the rest of the week at 2 p.m. Eastern.
So do watch out for that.
And then me, as Buck said, we've got gold cooked up in terms of what we're planning.
We're going to be hitting a wide range of avenues to be ready.
There's going to be a lot coming out and it's going to be golden.
But Buck, yeah, awesome co-host in the space.
I think it was another great space, right?
It was amazing in my opinion, bro.
I definitely loved it.
I do want to see more new speakers.
I want new people to request to come up on stage.
And again, guys, for the algorithm, even if you don't want to speak,
request to come up because that really helps us out.
Follow us.
Turn on Noties.
There's going to be a lot of cool stuff that comes out, guys, especially breaking news.
And hey, I have noties on for Suleiman for one reason, right? I know the news is real. I know it's not fake.
I refer to him rather than going to Fox and CNN and all these other places that I was brainwashed to go to.
And I know I'm going to get the news the fastest from Suleiman now when it comes to the crypto side if you can get news
fast during a market that's very reliant on the news you can make trades and
we're gonna start diving into leverage trading and how to long and short where
to do it and things of that nature very very soon and we will be the place to go to when it comes to crypto
news as well so watch out for that put your notifications on if there's any breaking news
we will start spaces immediately but we are going to be wrapping up here i'll be back and do my
normal political space in about a couple of hours so anybody who's thinking i'll still
do crypto rather than politics we're not we're doing everything we're taking over everything
so um watch out for that but But thanks to Bux for a course
and obviously appreciate him.
We've got, as he said,
many golden things cooked up.
Thanks to Grant and Simon
and the other speakers
who gave really golden information,
a wealth of knowledge
that people can really apply to their lives.
And if you apply what Grant said,
you'll be in 10 years,
extremely rich, extremely wealthy.
So he's given golden advice as is simon
so appreciate them but yeah this is the end of the space do watch out for us we'll be back tomorrow
at 2 p.m eastern giving you bringing you even more new speakers giving you golden speakers
covering a number of issues because obviously there's always going to be news and you know
breaking down various things so watch out for that so tomorrow.m. Eastern, we'll be back with our crypto space.
Watch out for that.
And obviously I'll have my normal politics space
at 6 p.m. Eastern.
So watch out for that.
Right, guys, appreciate you guys joining in.
Appreciate you guys listening.
And for sure, we will see you next time. Thank you.
