5, 4, 3. The Bitcoin Group, the American original, for over the last ten seconds, the sharpest set of toasties, the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Adam Meister, the Bitcoin Meister. Hey, tell that light button. Ben Arck from BTC IoT. Hello, hello all, Shemaay. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. 119-year-old Mass Mutual Insurance Company invests $100 million in Bitcoin. The mutual insurer has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digital assets. The firm, which has been around since 1851, is the latest to invest in the fledgling cryptocurrency. The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of September 30. Mass Mutual said they see this initial investment as a first step, and like any investment, they may explore future opportunities. Adam Meister, your thoughts on Massachusetts Mutual Life Insurance joining Bitcoin. Welcome to the party. This is where the big boys played. That's what I have to say to them. It's, I expected more companies jumping in on the game since my strategy started this pile on back in the summer. It seems like every week we get a new company. It's all one big blur to me. Mass Mutual, if it's going to be CityBat next week, it's all similar. The corporations, the institutions are here. If you're an individual out there, there's no excuse. The big bear here, don't tell me in 2024 you didn't know about it. These guys know about it. The richer getting richer. You can also get rich. You can also join this party. There's no one stopping you. Don't make an excuse and say, oh, it's just the Wall Street guys. Now some people are worried about the Wall Streetification of Bitcoin. Well, it's something to think about, definitely because that's who's joining right now. The regular average general in the street, you don't see the, I haven't heard that too much from those dudes. We will get into a little bit of a predicament eventually when we start talking about KYC type of antics. Will these Wall Street guys be as passionate about no KYC or KYC related materials as the regular Bitcoin or who's been here for a while? That's something to look forward to. But otherwise, everyone's welcome. The beauty of Bitcoin, we can't prevent, if you don't like the banks, well, you can't stop them from joining. The only thing you can do is buy more. I think we will hear their perspective eventually when it comes to KYC and regulation. It might differ from what we are thinking here. But hey, welcome to the game. My question is, who's next? Who's next as a great wrestler once said? Well, also hear their perspective on privacy. Ben Arck. Yeah, I mean, I like what Adam said about anyone can join in. That's the point isn't it's the easiest asset to unwrap onto, particularly a bear asset. You can just sit on your computer and you can do it. You can buy some Bitcoin and you can create a wallet and you can store them. You can store them in a way which is safe. You can go buy a hardware wallet. It's easy to unwrap onto and I think a lot of millennials feel far more comfortable on ramping on something like Bitcoin rather than something like gold, for example. So I think it's a very powerful use case. I know plenty of people who traded with cryptocurrencies or Bitcoin and they've never been near traditional great trading for a bear or for worse. So yeah, as a as a nom ramp asset, I mean, that's just one great use case yet another great use case for Bitcoin. But the numbers like 0.04% as an initial investment of 2.3 billion. It's a phenomenal amount of money and as an initial investment. So yes, the smartest people in the room are buying up Bitcoin. For the bags they hold, it's not a great deal of Bitcoin and there's still a huge ocean of liquidity which can pour into that little pond of Bitcoin. And also, I mean, so I'm not so worried about when it comes to KYC. In the, I think our fears before when we were in Bitcoin and we were outside of traditional finance was that we were worried that the people who have governments here, the big financial institutions wouldn't like the fact that people were accumulating an asset outside of their control. But now they're accumulating that asset. It actually pumps their bags if there's less KYC and if people are afraid to do that in a sort of censorship resistant non-custodial way. So the JP Morgan's of this world, you've got a gov's ear are going to be a very health minister mental in removing some of those blocks which I think we were worried we're going to be in the way when it came to investing in Bitcoin. So yeah, no, the smart people in the room are buying up Bitcoin, it seems. And we've not seen nothing yet. It's just getting into it. Every day there's a new news article about some big institutional invest to pump in Bitcoin which is actually phenomenal when you think about what Bitcoin was like three, four years ago. So yeah, bullish and good for them. They've finally kind of piled in but there's still plenty of room for it to move. Adam, go ahead. I think this is the destruction of one-fired narrative also that people still try to pull this out of their back sides. That the United States will make Bitcoin illegal. Now, with all these Wall Street dudes buying it now, I think that's passed. When Montenegro was making announcements like this, it's not going to become illegal all the same. I think we've gone past that point and yeah, welcome, Mass Mutual. At least there's a positive we can get out. Well, I agree with what Adam said and what Ben said. I also want to focus in on what Ben said that it's only 0.04 of their total amount of their total investments. So there's a lot more of this money that can come into Bitcoin. The smart people are investing in Bitcoin but they're smart. They're investing in it slowly. They're not like you or me with our e-trade account jumping into this, jumping out of that. They're jumping in slowly and I think the other key here is that they don't have to worry about rent. They don't have to worry about food. These people aren't selling to live. These people are holding for a certain amount of time or a certain amount of profit or whatever preset conditions they've decided and they're a whole different kind of investor. So this is going to change the way the Bitcoin market moves and it is going to bring us hopefully from a beginner to a more intermediate stage and then maybe beyond that advanced and expert will continue climbing up crossing the chasm, all of that startup stuff. But I think Adam's right. Well, before we go to that, first of all, we're having a like competition today. Next week we got 88 likes which is a lot of likes. That's the number of keys on a piano, 88 keys. So if everyone could just give us a like down below. They're free. Every YouTube show asks for this. They ask for the likes and the subscribes and the comments because that's how YouTube judges show. So if we could get to 100 likes this week, more people would be shown this show, more people would like and watch the show. So that's what that's about. So we'll remind you, we'll just keep reminding you, but let's try to beat 88. I think you guys can do it. Adam was ahead of us with the exit question. Who's next? Adam, what bank, what company, what country, what do you want to say? Who's next in the Bitcoin? I agree with Ben. It's been a new giant hedge fund, a new giant insurance company, a new giant rich person every week. So it's getting harder and harder to say. But who do you got that's next? Well, I got to say, pal, you've got the pal, that like button guy here. So that's going to remind you guys to beat 88, all right? And 88, that was apparently a very bad year. It was the Orioles lost 21 games in a row to start the season. We don't like to remember that. So let's get to 89 much better. But who is next? Well, first of all, these big boys, they got egos. So I hope they start competing with each other and try to outdo the next one. They right now, Michael Sallard has become like the spokesperson for Bitcoin. I hope there's some other corporate dude out there that wants to become the next Michael Sallard and get louder than him. So who's next? It's going to actually be, it won't be a country. It won't be a country yet. That'll be a, that'll be after we get some big corporate Bitcoin, a big boy. I think the big, the next news that's going to really rock us is we're going to hear like a bank. Some a bank has done it. That'll be the next level. But right now we're on like big corporate level. So I think bank, and then after that, the only thing that could be the bank in the land of the corporate world is one of the, the fangs company. So so I don't want to make a prediction on what bank, but a bank and then the next big, the next level up after that is one of the fangs. Apple, Facebook, who knows? Ben, Ark. Yeah, I think I think it'll be more, I mean, obviously more people looking at balance Bitcoin, but I think it's more going to be those initial investments of 0.4, 0.04, we're going to get pumped crazy. And they'll, they'll end up making it in a 5% of their portfolio because it's a very justifiable asset to have in their portfolio. So yeah, so it's going to be the ones who are in are going to pile in a lot more money into into Bitcoin. And then others will just, I don't know, I don't know any names of these big money institutions, whatever. Yeah, no, it's, it's, it's, it's just the beginning of the flip case, right? I don't know. Adams, right. It will be a bank. It will not be the bank of Italy because the bank of Italy founded in San Francisco changed their name to Bank of America. Bank of America will get into Bitcoin next. They'll have a massive domino effect where all of the other banks follow and they'll say, why didn't we think of that? Why weren't we the first? We could have been the first, but the first was Bank of America. Moving on to issue two Bitcoin price predictions, Bitcoin price to surge 1000%. Be insanely bullish. Glass node CTO says that's not galas glass node. It's a glass node international business times Bitcoin price insanely bullish. Most of the on chain metrics are in a similar position as the 2017 bull run. An increased similar to the one in 2017 could put Bitcoin at a six figure price. Traders however are bearish with Bitcoin for the short term. I wish I had the sound board. It would be like, ah, ah, Ben Ark, what do you think about the price of Bitcoin? Will it surge 1000%. Well, I mean, so I actually dug up something on this note. So back in, I think it was 2017, May 2017. I did a Reddit post and I just compared, I think it was 2013. I've got it here, 2013 to pop. I'll share the screen and you can see it. 2013 to pop to, um, here we go. If I share this now, can you see that? Wait, if I zoom, I'm clicking around like an idiot here. I have a go. So if I zoom again, can you see me zooming in? Yep, we can see zoom in there. Ah, brilliant. There we are. So yeah, I love this. This is my, the best price call I ever did. And it was, it was May 2017 and I just said, look, if we take what happened in 2014, or what happened in 2013 with the pump in 2013. And then we just imagine that that same optic is going to happen in 2017, which you did at the end of 2017, then we're going to have like a 20,000 pound Bitcoin, 20,000 dollar Bitcoin. And a lot of people like very critical of the like, no, it's not going to happen. And then I'll hold that's what we had. So if we look here now that I call this the don't be an Astyle day trading technical analysis indicator, because yes, bears may be, but traders may be bearish at the moment. But all this movement here is people getting wrecked and losing their bags. It's a dangerous game. You may like make a little bit of money, but you're likely not to. However, if you buy Bitcoin and hold it for five years, then you're very likely to make a lot of money. So if you're, if you're, if you can't wait five years to make a big stack of cash, then you know, you're an idiot and you shouldn't, you shouldn't just don't day trade. You shouldn't be day trading. So this is this is two, this is what we've had now. Interestingly, the 2014 to 2017 pump with things to sort of, yeah, it was made 2017. So it's about there where I'm sorry here where I made the the prediction that it was going to spike right up. It looks very, this is a five year out of a five year chart. And this is the exact same scale and the very comparable charts. And you can see that we're here. Then yes, we have we have dropped a bit and it's bearish, but we're going to have the equivalent of what happened in the end of 2000, well, the beginning of 2014 and the end of 2017. We're going to have this huge crazy pump in the reason that, you know, I mean, I think I'm going to touch into one of our other topics now, but the reason that no one seems to care is because we're down here, like we're we're on the in the pho mode, everyone talking about Bitcoin and, you know, all that momentum, which is building now with all these big institutional investors buying up Bitcoin. We're still really low. And the predictions which are out there by people saying our $200,000 Bitcoin, $250,000 Bitcoin, that makes sense. Like if you compare it over those last pumps we've had in Bitcoin, that's a very, very feasible price target. And we all know that the technology is like a gazillion times better than it was in 2017 that this was an unsustainable, perfect storm of phomo, which happened. But now, you know, we've got the bedrock of a more sustainable phomo pump thing. So don't be an asshole. Don't day trade. Don't care what bears are saying in the short term, okay. Well, balls are saying in the short term, just concentrate on the five year outlook. You know, hold by your Bitcoin, hold your Bitcoin, buy a little bit every month and then just just make sure you don't do anything with it for five years. Give it five years. And there's two outcomes. One outcome is you'll lose everything and Bitcoin crashed and I think, which we all know is very, very unlikely. The other outcome is that it's going to be worth an absolute fortune and you're probably never have to work ever again and that's within a five year period. So don't be an asshole. Don't day trade. And let me see if I can unshare this. Why am I such a technical idiot? Here we go. So yes, that was my, my very proud price prediction I made in May 2017 predicting the pump. And yeah, don't care what the bears say. Just hold Bitcoin. Well, it has been something to see all these Johnny come lately is with their price predictions. Each one with a better and better pred, predegree and a later and later price prediction. I know if you go back to the very first episode of Mad Bittcoins in 2013, Mad Bittcoin says, buy Bitcoin. And that was it. 2013, I haven't updated my prediction. I haven't changed my wave chart or any triangle. I just said, hey, it's 2013. Buy Bitcoin. There you go. And as far as like calling a certain number, I hear a competition to who can call the biggest number 200,000, 500,000, a million dollars of coin. Once again, Mad Bittcoins is trumped to you as well, calling infinity that the price of Bitcoin will rise to encompass all of the world's assets. And then it will flip and everything will be denominated in how much Bitcoin it's worth rather than the other way around. But Adam Meister knows all about that. Adam Meister, we going up a thousand percent. What do you think? Oh my, the clickbait. It will never end. It will never end. And I was entertained. Good question. I was entertained by the high number predictions back in 2013, 2014 and 2015 when I was relatively new. It was cool. But there comes a point when it's just like, and the Glest know that they're doing it scientifically. Okay. They got some logic behind it and everything. But man, if you need to be assured by like some authority telling you it's going to be a million dollars one day. I don't know if you should even be. I mean, you got to think it out for yourself people. Now I do what I, it's, we're past the point of return, no return when it says, you know, go to see, it's not going back to zero. People should not have that fear. No, I mean, they're bad. Things could happen that are unpredictable. But we passed that going back to zero fear, that phone model, that's from 2015 and everything. But what do I think about price here? This is the simple thing. You take any point in time and you subtract 210,000 blocks from it. Okay. That's basically 46 months. That's basically four years. Bitcoin is worth more than it was then. So I mean, I just tell people live by the 210,000 block rule. Okay. You buy it today. And this is my prediction. 210,000 blocks from this second. Bitcoin is going to be worth more for you. The freex out there. But you should just know that one Bitcoin equals one Bitcoin. Who cares where the dollars or Turkish lira or whatever. All right. I mean, first of all, if you're in Turkey, God almighty, if you're still in the lira, you're way behind the times on that one, baby. But yeah, 210,000 block theory, which is, you know, you're talking about five years. I'm even, I'm simplifying it even more. That's less than four years. So any, any point in time, the fear, it has remained true. You subtract 210,000 blocks from today. That is basically was January or February of 27. It was February of 2017. And yeah, it's a lot more than $1,300 right now. But we also was, let's think about the cycle here in terms of 210,000 block theory also. But 210,000 blocks ago, we were, you know, we just attained a new all time high. And we were slowly moving up. And then it seemed like every month we would get a new all time high until about six months later when it was just like incredibly explosive. So I mean, I see the same thing happening that happened about 210,000 blocks ago. It rhymes. It's not going to repeat exactly. But 2021 is the new 2017. But remember, Bitcoin is the next Bitcoin. All right. All right. Pound that like button. We're up to 26 likes on our way. Hopefully to beat our record of 88. Thanks to the 42 viewers. Make sure you push that like button down below. On to the exit question, the price of Bitcoin this time next week, higher or lower Ben Ark. I think I'm used to that. I'm a me used to that. So that we all. But there's an Ellen Bitsel and you're all faucet there. If you've got your lightning wallet, your wallet is attached to you. Blue wallet scan that by boy, you get 2000 sets. Boom. So, so I don't know. Last time I predicted a high price, but I do actually think that, you know, in line with those fractally things, maybe there's a little bit of bearish. But I don't care. Like just just hold, just hold those Bitcoin. Don't get scared. Have them. Have your security model in such a way that you can't easily access them and sell them quickly. Secure them in such a way that they're hard to sell and just, yeah, sit on them. So yeah, so so maybe a little bit down, maybe up, you know, but here's some free sets, 2000 free sets. But you can hit that faucet a few times if you want. Free lightning, Satoshi's unclaimed so far. Adam Meister, higher or lower? Well, right now we're at 16,969 and I think at this store your show next week, I think will be at about 18,000, which is not that much higher. So I see, I see a little, a little bit higher next week. Not going to make really that big of a difference. We might, between now and then we could get, it could drop quite a bit. But I think my next Friday we'll get back to 18,000. But I'll say this, it's been, it's been a great year. It has been, if you've been in Bitcoin and I think that we're not going to get back to the all-time high until next year. But the good news is what next year is in 20 freaking days. So I don't want anybody to, 2020 be satisfied with it. Get rep, get pumped for 2021. I don't see us again, the 20, 20 K for the rest of this year. Just hold on. All right, I'll, I usually say higher, but I'm going to agree with the group. I think we might go a little bit lower because we touched the sky and then we're going to retreat back. Can you imagine just on a side note, can you imagine like 2020 was such a shit show? And so depressing all the COVID stuff. And I've got these vaccines and everything. We're kind of coming out, whatever. But you know, society's coming out of that, that issue. Can you imagine like the general jubilation of 2021, people are going to be so relieved at 2020s behind them, not even disregarding Bitcoin. So, so, so there will just be a very, hopefully a very positive vibe in 2021 anyway. So, I'm sure that will, will help Bitcoin pump. Let's hope for a more positive vibe in the new year and all of that of course is good for business, good for everybody. Did you know the world crypto network has its own store at shop. World crypto network.com. You could get world crypto network the mug world crypto network the t shirt and the popular treasors don't flow and Bitcoin not bombs Bitcoin happening 2020 edition. It's hard to believe at the beginning of the year we were celebrating a havin'ing. But get them all at shop.worldcryptonetwork.com. Issue three, Bitcoin could hit 20k again, but this time no one cares. As Gizmodo says, if you've been watching the crypto markets over the past few weeks, you'll have noticed something special. Bitcoin, everyone's favorite decentralized digital currency based upon hype, lies and general malfeasance is about to hit 20k. But no one cares. No one in the mainstream media, no normal people care. No one but Bitcoin people care. Adam Meister, why does no one care about the Bitcoin run this time? Well, the retail they haven't woken up to the fact yet. It's boring to them when they hear about Michael Seller buying all this. That's the story the CNBC covers, not the main networks. So last time there was some sparkle around it too because of the ICO madness and that created a lot of attention. This time we don't have that yet. I think the DeFi stuff will pick up and take the place of the ICO madness. But in general, in Normyland, the narrative that has been fed to Normies is that this is a sad year. This 2020 has been bad. You're stuck. You're kind of dependent right now. And there's not that easy transition into this whole happy world of Bitcoin. I have told people, if you're looking for a mentor this year, find someone that feels that 2020 has been a positive year for them. For me, 2020 has been a positive year. I can look beyond the negatives. But there are plenty of people that cannot look beyond the negatives. Thus, they don't care about Bitcoin. The mainstream media has had an election to cover. They've had a sickness to cover. And they can't they don't have time for Bitcoin. So that's part of the reason that no one cares. But if you dig deep, you see there are plenty of people who do care. It's just in Normyland, it's not getting attention. It's really unfortunate for those people who have to be spoon fed news who can't do their own research that they're going to miss out on this. It's unfortunate, but hey, Matt, personal responsibility is the new counterculture. If Michael Seller can find out about it, they can find out about it. There are sources out there. We've been talking about it for years and years and years. But yeah, it definitely feels like there is not that mad rush of retail into this right now. If there was, they'd be spasming out and whatnot. The dudes who are rushing into it are the Michael Seller's of the world. They are just, they're calm about their promotion. I mean, they're promoting it and everything. But it's just not, it's not the same as 2017 yet. I do think the retail will be here. I do think the mainstream media will wake up to it. And I do think that the DeFi will add this irrational exuberance that the ICO did last time. Ben Arck is Adam correct. Is everyone so bummed out about 2020 that nothing good can happen this year? Well, this is what I'm saying, Steve. It's amazing. I mean, we just feel like we're clawing our way out of 2020. And even if 2020 was a positive time for you, then generally in 2021, it's going to be much more happy that 2020 is just out of the way. And we can all move on. And we're going to have some real repercussions when it comes to money. I think a lot of countries have been printing a lot of money and boosting their own stocks to try and get themselves through this 2020 and the pandemic and everything. Cal State, you know, I'm not against modern monetary theory. I think you can stimulate economies and I think you can, you can create fiscal growth. But you can't just print money and buy shares and then expect that to create fiscal growth. It's not going to create fiscal growth. It's not, you're not producing anything more. You're not making it. It's just, you're just fiddling the box. And there's going to have to, you know, that's going to have to account for that in 2021. So I think there will be, and this, again, I think this is probably why a lot of these big institutional investors are getting into Bitcoin because they can see that for countries who want to have their own sovereign currency, like some sort of token side chain on Bitcoin, which they can have federated. So it's less easy to kind of, you know, just print more. They have to go through at least some sort of a sense of democracy in some way. Then, you know, Bitcoin is a very viable way of doing that. And then you have, as it's pegged to Bitcoin, you then have this, this, this medium of exchange which countries can use between themselves, just in that kind of Kenzie and Bang Korn model for countries to be able to, to, to send value to each other. And we've seen quite a few countries thinking about adopting Bitcoin as a way to circumnavigate sanctions from, from the US dollar. So yeah, no, I think that the, the, the next year, we'll not only see obviously big institutional based investors using as a store of value for their portfolios, but we'll also see a lot of countries thinking about making it using Bitcoin as part of their economy, like in a serious way, because it's a very good, I mean, it's proved itself, the technology's proved itself, and the technology's so much further along than it was in, in 2000, not that it didn't have potential in 2017, but we hadn't just built it out, like the software wasn't built, like the software's being built now, like it's, it's there, you know, we've, we've got a lot of good example, we've got liquid network, we've got lightning, we've got these side shirts, we've running, we're running very well, so we will have RGB. Yes, I agree that DeFi is going to throw up a lot of issues and it will act like something of an ICO bubble, but there will be some good DeFi projects which are used for people who have a percentage of their Bitcoin reserve, which they want, you know, to a profit on, they'll be able to lock up and take some profit, and I know some, maybe some exchanges which are holding Bitcoin, they'll, you know, maybe take five or 10% of their portfolio and then use DeFi to kind of get some extra, an extra revenue stream. So, yeah, I mean, the ICOs, I remember going on Theme Forest, which is a website for buying WordPress themes during the ICO craze, I remember looking at the top WordPress themes and they were ICO WordPress themes and they even had like integrated into them, all the Ethereum shit you need to be able to like, you know, sell your ICO shit going tokens. So, yeah, those, those, those, those days were amazing, but I don't think we can have it. I think so many people were stung by the ICO craze, people will be a little bit more hesitant, which is good, they're learning, I think again, I said it's played it's a Bitcoin's favourite because, you know, don't hear about all these crazy coins which have been thrown out, you know, thrown up in in 2017, but they still hear about Bitcoin and how many times the mainstream media and the both makes repress say that it's died and it's dying and it's crashed and it's blah, blah, blah, blah, and whatever else. So, normal people, you know, they, they, they, they used these new cycles and now they're saying, okay, Bitcoin's still there. Now, it's all the time, I don't know what the fuck I thought it, you know, I thought it crashed to nothing at some point. So, yeah, no, it's, it'll be an interesting year 2021 for sure. I think the reason normal people aren't into Bitcoin this time is because they've given up on Bitcoin and I partially blame the mainstream media. The way that the mainstream media covered Bitcoin last time was as if it was a flash in the pan. This is Bitcoin's only up, they ignored all the previous ups, even though percentage wise, they'd been very similar and they don't understand Bitcoin technically, they don't understand the price, they don't understand why some people got rich and not them and not others, all that kind of thing. And as soon as CNBC took away that price ticker, they had that little price ticker and Bitcoin went down and down and down and then at some point, the whole ticker went away. And then now suddenly Bitcoin's back and it's up and the price ticker's back and not only is it integrated into the CNBC graphics pack this time, last time it was a big white flag that bounced out from the graphics. Now it's integrated where the Dow Jones is. So Bitcoin's gone from this flash in the pan to having the same exact graphics, the same exact location as the Dow Jones industrial average. How is Bitcoin doing? How is the Dow doing? Other major indices such as the Japanese yen or the Japanese market, other things like that, the footsie, as they call it in the UK, all those kind of things are right now equal with Bitcoin and that hasn't helped anyone. These people saw Bitcoin disappear, disappear from all their news feeds, all their CNBC investment watches. And then from their perspective, it just came back. If you've been watching this channel, if you've been watching Adam Meister's channel, if you're watching any of these other crypto channels, everybody was down a little. Sure, maybe they said, you know, diversify a little sell if you have to eat to live or whatever, all these kind of things were down. But long term, everyone generally said, I believe in Bitcoin, I believe we're going to go somewhere with this. Whereas these tech channels, all these investment channels that are supposed to be the experts. And these are the same ones having all the interviews now, having all the big fancy hedge fund people who have suddenly discovered Bitcoin, they let their viewers down. They did not educate their viewers properly. Yes, Bitcoin went up and down. It was wild and crazy. We made a lot of money, we lost a lot of money. It was all those things. But the technology, the idea that Bitcoin could be something more was always there and always easy to see. And it lots of different people started YouTube, started podcasts, started Twitter's, went to work for companies, did all these things because they could see the same thing that we see, the same thing we talk about that Bitcoin, the technology is really cool. And unlike the earlier pieces of the internet like TCP IP that sends packets around, makes websites possible, you can't invest in TCP IP. I can't get a kickback every time someone uses a block or a user sends a packet. But I can kind of with Bitcoin. And that's just been the general point, the general point of all these channels, general point of all these podcasts, all of this. And yeah, the media is finally, they're back again, but they're nobody's friend. They don't provide you with a complex stream of information. So I think we're going to move on to the exit question or Adam, you want to talk more on that? I want to say the media does not do a good job of reminding everyone that it's still pretty early. That's the problem. They make it seem like there was a huge, you missed out and then they stopped talking about it. And then you missed out again, it's, eventually it's not super early. Now the Michael Seller and the big boys are here. It's not at the 2% part of the graph, but it's in like the early 11% part. But yeah, the media, they're in policy. They just, they just want to be, they're not going to cover a story fully. You can't rely on the media. But yeah, they've done a bad job of telling people that it is still relatively early. I mean, a lot of them just, like Thomas said, they don't understand the technology and like, what it's capable of. And as soon as people do understand the technology, they're like, okay, this thing's probably worth a hell of a lot of money than it's currently valued at. But yeah, no, it's, yeah, they've also got to remember that all of these media outlets were pursuing Bitcoin for such a long time. So now turn around and say, actually, this thing's got value and it's value is just fine. It's probably going to go up even more. It's quite hard for them. And that's moving into the exit question. What will it take to get normal people in a Bitcoin? You don't have to solve the whole problem now, but we've tried tipping them small amounts. We've tried giving away Bitcoin. We've tried faucets. We've tried telling them they'll get rich, watching them get rich. The value's gone up and down. The wallets have gotten easier. Pay pals there now. Yet still normal people won't buy Adam Meister. What's your idea? How can we drag into more normal people? Well, I'm not saying what we can do. I'm just going to, I'm saying what will happen? What will make them come in? And it refers back to something you mentioned before. Bank of America. When Bank of America lets you store your Bitcoin at your Bank of America Bitcoin account, which really won't be your Bitcoin, that's when there's going to be a lot of a normy people waking up to it. And that's kind of unfortunate because they will control your Bitcoin. They will control your private key. But once the banks become Bitcoin banks also, which they are legally allowed to be right now in the United States, once that happens, oh my, yeah, that will definitely get in. And that's unfortunate. It's unfortunate, but that's just the fact of life that we've grown up in a society where people are used to third parties taking care of everything for them and trusting third parties. And financially, what's in their banks? That's who they trust. So what's the banks? You did that kind of seal of approval? Oh yeah, they'll be into it. Some force in it, but true. Ben, ARC. There will be the slides of the banks who slide into it. And yeah, a lot of people will interact with Bitcoin through banks. I mean, how many thought that? But the very Bitcoin system thing, which we can keep an eye on, we will know how much money's in the system when we can verify it. So it will make banks better. It will just improve banks. And that'll happen with people's lives. They'll just slide into the internet. You have these crazies who preach on about how the internet's amazing. It's going to change the world. And normal people like, well, it looks a bit shit and then use a bull and confusing and you got these slow internet speeds where pictures take forever to load and whatever else. And then all of a sudden, before you know it, like you know, you're grand z-mailing you. And that's Bitcoin. You know, the world will just slide into using Bitcoin. And suddenly, everyone will know what multi-six RSEs, blocks and you know, you check shows and whatever else. Like, suddenly, all these terms will become very standardized in mainstream. But it won't be a poll. It will be just a slide. Because Bitcoin is the trojan and it's just infecting every area of life and society. And it will continue to do that until it's the backbone of much of that. So yeah, we'll slide society, we'll slide into it just as they did the internet. I agree with Ben. I think we've seen a similar thing with MP3. When we started out, MP3 was command line. It was difficult to use. And if you didn't understand what was going on with the compression technology and how much disk space you were saving and why that mattered, you didn't need an MP3. But later on, they all had iPods. They later had iPhones. And suddenly, they loved MP3s. It'll be the same thing with Bitcoin. They won't get into it while it's early. Like Adam said, holding your own keys, being your own bank, they're not into any of these ideas that never was a selling point for them. Everyone at home is salivating. They're like, be your own bank, the Libertarian dream. And all these other people are like, be your own bank. That's scary. I need armored cars and men with guns and I need a big vault and I need one of those spinny things. That don't want that. So yeah, no, they don't want any of those things. It's wonderful that Paypal is here now. You staff to tell people go to Coinbase or even cash app is kind of a weird app as opposed to Paypal. They're like, oh, that thing I used wants to pay on eBay. They're like, yeah, you go to that thing. You put some money in. And again, unfortunately, as Adam was kind of a looting, we're running out of time for the normal people to get into Bitcoin and really sadly make a lot of money or even make any money as we're saying, 1200 bucks is more than a thousand. It's not, you don't retire on 1200 bucks, but it's more than a thousand. And we're running out of time for that. So let's go back to the original message was learn how to use Bitcoin. This is like email. You didn't have email early on and you learned how to use it. And eventually people came along that were worth emailing. You could get jobs, you could talk to people, you could send out your paper to school. There's a whole bunch of reasons to learn how to use email. And in that same way, there's a whole bunch of reasons to learn how to use Bitcoin now. Maybe Paypal is a training wheel website. You can't withdraw your Bitcoin, but that's going to teach you the different flavors of Bitcoin, the different self-hostings and exchanges and altcoins and ICOs and what's it called now? DeFi and all these exciting things you can do with Bitcoin. So there's plenty of that out there. We have lots more options for new people to get in. Just maybe not lots more free money. But everyone wants the free money. Moving on to issue four, Adam's favorite issue. Micro strategy plans for a hundred million dollar raise net proceeds will fund more Bitcoin buys. Adam's sailor is big into Bitcoin. And so is his company, Micro strategy. They're printing four hundred million dollars in stocks, which they'll sell to use the money to buy Bitcoin. That's like something we wish we could all do. Back in 2013, mad Bitcoin is printing four hundred million dollars in nothing. And we'll use the money to buy Bitcoin. Adam Meister obviously we're all incredibly jealous of Adam's sailor and the power of his company. But is this good for Bitcoin? Four hundred million dollars more. Heck yeah. And you're more power to him if he's got all these suckers that think that he's printing his own money to buy a Bitcoin. That's really I like your interpretation of it. That was my original interpretation of it. It's a little bit more complex. It involves debt and this, that and the other. But come on now. It's like he's like this is what my company does. But I am I want to my company to buy a lot more Bitcoin. So buy shares in my company to help me fund my purchase of more Bitcoin. And people are like yes, that's all I mean they should just buy their own freaking Bitcoin instead of buying shares in this company. But hey people like to complicate matters. So more power to it's it's Michael Saler. They're calling Adam Saler. Michael Saler. Adam Saler. Whatever you want to call I call him the Bitcoin Noah. You know we've got all sorts of names out there for him. So more power to him. Apparently he was able to that there were some news that broke a few hours ago that he he accomplished whatever he was trying to do to fund this next purchase. I got to give the guy credit. He is a corporate big corporate CEO and he's doing all these interviews all over podcast land for Bitcoin. He's a he's a solid spokesperson for Bitcoin. There is no true spokesperson for Bitcoin because it's not centralized like that. Anyone can step up and be a spokesperson. So more power to him and all the sucker MCs buying his stock to or fine. It's not stock even. It's that they're buying his debt to fund this. See they're buying his certificates or what do you want to you guys just buy Bitcoin instead of buying Michael Saler's certificate. So hey good for him. He's taking more Bitcoin off the market. It's becoming more scarce. Scarsity scarcity scarcity. Just like in real estate it's location location location. So good luck Michael Saler and guys in Michael Saler has to go to these complex ways of buying Bitcoin. Perhaps you should just you know with some of your extra cash out there get yourself some too. He's a pretty smart to you. All right. Thank you. Tom Eiligman. We're almost up to 40 likes and 60 live viewers. I agree with Adam if he can print their certificates and sell his debt and use it to buy Bitcoin. It sounds great. I wish I could do it too. It's a little bit before my time but there's this guy called pirate at 40 and he ran a very early Bitcoin investment club where he would have done the exact same thing that Saler would have done. Taken all of your money used it to buy Bitcoin's held the Bitcoin's and then paid you off when it was worth more. Of course pirate at 40 just allegedly just took all the money and didn't buy the Bitcoin did whatever he wanted all those kind of things. I don't think Michael Saler is going to do that but it is funny to see at the beginning and the end of the current Bitcoin cycle that we're at. Similar ideas. Similar people different outcomes. Ben, arc your thoughts on Michael Saler's amazing ability to print money and buy Bitcoin. I know an embarrassing little amount on this subject but so the shares that he's printing the stocks he's printing are they related to micro strategy? As Adam is saying it's not quite stocks. I think it's debt and it's how many it's convertible bonds. Okay. Well I mean, Martin. But basically, Adam is probably has more. There's lots of traditional investment firms retirement investment firms which can't invest they can't buy Bitcoin. So this is a non-ramp for them to be able to have some skin in the game that they actually aren't actually custodian. They don't own the Bitcoin. Michael Saler does but they have stocks in the thing which he's building is asset for this. Michael is from MicroStrategy by buying up Bitcoin. So is this not a way for those traditional investment firms which I think Bitcoin is still classed as a very risky asset just as they can't buy gold. It's another way for them. Another package investment but financial package they can use to onboard onto having scum skin in the Bitcoin game even though they're not directly sort of indirectly participating in Bitcoin. So for me, it kind of feels like that. And yeah, props to him. He's the money machine. He's created a thing and he's able to try to enter a load of Bitcoin. It's pretty fascinating. That's a really good point. There are some investors do have some legal limitations. They can't buy Bitcoin. So this is the next best thing helping fund a guy who can and it'll make their certificates worth more. So that's very good point. And I think that leads well into the exit question. Many people have their money locked up in retirement funds that can't be accessed without paying tax penalties. Many people want to invest in a Bitcoin ETF which seems like they will never be approved by the FCC or the FEC. Sorry. Should people invest in MicroStrategy and other companies like this as an alternative to a full-fledged Bitcoin ETF at a Meister? I'm going to ask a question about a Barry Silver there because that's what it's all businesses with GBTC is based around. People who have their money stuck in with 401k IRAs when it retirement funds. Should retirement fund people buy MicroStrategy instead. I mean, there's a bigger point to be made here. You think your money is safe in your retirement fund that it's never going to get taxed, that the government is going to break its promise. I think we're on the verge eventually with all the money printing and debt going on is that the retirement funds are going to become targets of the government. I think people should start to think in different minds that when it comes to retirement funds, that what they thought was safe in the old days are going to become big government targets and they should consider Bitcoin as their retirement fund. That's a bigger take on the question. I didn't really address the question. I'll address the question. If you can't buy Bitcoin, then a close substitute, I guess. If you can't buy any cryptocurrency, if you want to stick in traditional markets with traditional stocks, the stock that's most correlated with Bitcoin is MicroStrategy. How about that? At this point, at least, maybe someone will try to outdo it. Now, interesting, non-tax advice I want to give everyone. I've heard that because of the coronavirus, there is a loophole where you can withdraw some of your tax money from your 401K without paying a penalty. I'm still withholding and intend to pay and be refunded or whatever, but if you're looking away to cash out and cash into Bitcoin, not pay that 10% penalty for taking money out early, that might be a possibility to check with your tax attorney. I want to agree with Adam that MicroStrategy is an interesting way to invest in Bitcoin because he said last answer, which was the CEO is out there selling it. The CEO guy has put his money, he's put his personal money, and now he's put his company's money in twice now. He's out there on every show, flogging it, whether he likes it or believes in it or not, whether he just has an investment and wants it to go up. Who knows? Either way, that's a positive for your money, but that's also a negative. Let's remember Elon Musk, very smart, very organized, very together, has a chill afternoon, hangs out with Joe Rogan, Burns One has some whiskey, and the whole world goes nuts. That could happen to MicroStrategy, too. There's a positive to having a CEO, there's a minus to having a CEO, and it is different than just buying that straight Bitcoin that has no one specifically representing it. Ben Arck, your thoughts. Adam said, we decentralised the reason I spoke to person, it's always dangerous when somebody ends up in the sort of masionic spokesperson role. I swear that's why Andreas, in 2017, stepped back from the community because he had that vibe to him. But yeah, no, so yeah, as the Wall Street spokesperson, he's absolutely phenomenally great, and I'm sure all those rich guys really like him and respect him, and so they're going to listen to him and they're going to follow his advice. But on taxes, I mean, who knows what a guy like? I mean, he understands finance, he understands these financial packages, and not only is it a way for some traditional retirement funds, maybe to be able to have some skin in the game in Bitcoin, it might be a way to say if they go for the Bitcoin-backed thing, what's it called? I don't know, the ETS thing. Yeah, the ETS thing. So it still has that stigma attached to it, because it's a Bitcoin thing, isn't it? Whereas some savvy investor within one of these retirement investment companies, they can buy up some micro-strategy shares, it appears on the bottom line, and the paperwork is a micro-strategy thing, but then it's backed by this Bitcoin investment thing, which is happening. So it could be a way for them to, because there's a lot of traditional conservative stigma, which is still attached to a stigma attached by the conservative to Bitcoin, so it could be a way to buy past that as well. I mean, it's great. This is coming up with financial packages to help companies. That is fun. No, it's almost like buying pornography. You don't want to have Bitcoin on your balance sheet. You want it to be disguised in an awful open, it to say something generic, like micro-strategy. That's that. Yeah, you don't want to say Bitcoin, you want to say much stradges. All right, very good. I think we've reached the end of the questions. We're on to predictions or a story of the week. Adam Meister, are you ready with a prediction or a story of the week? Oh, wow. I forgot this part of the show. I wasn't prepared at all. I don't know. With predictions, I want to make a general one again. For those of you who are down about 2020, do 2021 is going to rock in the Bitcoin world. I will say there is an outside of the Bitcoin world with still in cryptocurrency prediction that I want to make. Even though this is the Bitcoin group, we got to talk about Ethereum real quick here. There's been a lot of people that are down on Ethereum for quite some time in the space. To make fun of Vitalik and all the... We cannot deny it. It's a real ecosystem that a lot of people are building on. My prediction is they're going to pull off the Ethereum 2.0 splendidly. There are all these dudes in Silicon Valley who want to be part of the next Bitcoin. There are all these dudes in Silicon Valley who love the ethos around Vitalik. I really think Ethereum is going to... What's this? 3% of a Bitcoin right now? It'll get back to 6%. I don't know if it'll get to 10% again. But it will be back for the people who say it's dead or... No, it's not at all there. It's a different beast entirely. For me, I love Bitcoin. Bitcoin is my think Bitcoin is the next Bitcoin. I am personally comfortable with Ethereum doing fine. I don't want Ethereum to die. I'm not about destruction here. That's a longer term prediction that, hey, 2021 is going to rock for everybody. Especially Bitcoiners, but Ethereum is going to have a good year. It's going to be good for you. Kanye Thomas, you're muted. Predictional story, the week band, my predictional story, the week Thomas, is he still rooted so he tells us. What is it? Oh yeah, I cast Communication Congress. Christian Rich has got in contact and he said that... I don't know if any of the videos know what KS Communication Congress is, but it's this big hacker kind of conference which happens between Christmas and New Year's in Germany, like in Germany, where thousands of hackers descend on these big aircraft hangers and it's absolutely phenomenal environment. And the Bitcoin assembly in the KS Communication Congress, it's so painfully and embarrassingly small. It's like 15 people. However, of those 15 people, I don't even want to say some names, but you've got half of them like Core Devs. They go there for the general sort of hacking vibe anyway because all the COVID stuff is not on. But Rootsol who's involved in helping organize some of the Bitcoin stuff, he's going to pull WorldCraft Network into doing a sort of hack sprint couch where we interview people and we talk Bitcoin and it's going to happen between the 27th and 29th. So I've been speaking to Christian about that, getting that set up and then obviously we'll try and pull some other YouTubers in as well. So I don't know if you're available to do to help out with that, if you'd that'd be great. I think I want some sort of algorithm which I can create. So it checks the weather and if it's like a miserable rainy day like it is today outside, we're more miserable that it throws up at a Meister videos on YouTube for me because it's just so positive. I need positivity in my life. We were just talking before the show like in Britain we get so downshroding by the weather so it's nice to have such a positive vibe going on today. On Vitalik, yeah I mean an an Ethereum like I agree you know I want it to succeed and there's so many projects which have been built on a theme. God I really hope it succeeds because I don't want those projects to fail. But I do think that there is that you know that the founder creator attack vector with Vitalik and has been some quite concerning interviews particularly around supply where it's not necessarily as important to be able to account for every single Ethereum which is out there as it is in Bitcoin because that's not really as modeled but he didn't come off so well in as a spokesperson we talked a lot about spokespeople for for for Ethereum. So that I just wanted to sell it on Vitalik but yeah I mean hopefully you know a Ethereum will do well but no so my prediction is Chaos Communication Congress is still going ahead in a sort of digital lame way but we will have some great like interviews and talks and stuff and hopefully like a 48 hour Bitcoin couch going on at some point so that should be cool. Twin Christians in New Year's. That sounds great Ben and I'll have to check that out here we'll have links on Twitter as well. I don't have much to say this week just want to thank Adam and Ben for joining us. Adam you want to show us that just for a second go ahead. Happy Hanukkah everybody. Happy Hanukkah. Happy Hanukkah. Happy Hanukkah. Follow me on Twitter at TechBalt.com. T-E-C-S-B-E-L-T. Town that like button. Thanks so much Adam Meister for joining us as well as Ben we're up to 45 likes. Remember you can still like the video even if it's not live. You can join the like crew. You don't have to be live to do that. Thanks to everybody for joining us be sure to subscribe down below. Give us a like check out the t-shirts. We've got donation information and more. Thanks to everyone for donating on Twitter we had a very small fundraiser for Avatar. He runs the Bitcoin Facebook group. He used to run the Bitcoin Google Plus group as well and his computer exploded. So thanks to everybody for donating we raised him like 750 for new computers. So it was really cool that that happened and we were able to come together for that with the Christmas spirit. So even if we're staying home and staying inside and that kind of thing we can still help each other with Bitcoin. So thanks to everybody for joining us. See it's so great when you use to play music. You have this thing where you set a timer for like 30 seconds and then just right before 30 seconds and another timer goes off in your head. So thanks to Jitzi for cutting us off every hour. You surprised us at the end there but we do enjoy your open sourceness as been good. Thanks to everybody in the chat. Give us a like say hello. If you missed the chat let us know in the comments. Bitcoin higher and lower. Add your own voice to the comments. We've been trying to delete this. Mommy wants so it's good to have some normal comments as well. And I don't know Ben's oh you're going to do the faucet again. Sure. That's possible. There's a slant the faucet again. So if you've got lightning wallet wallet, it's touchably a blue wallet. BLW wallet which is the best lightning wallet. Only first lightning wallet which everyone overlooks. BLW has on on the name. Yeah Ben do they know how to do this if you and store? Oh I know. I mean let me let me let me let me let me even check see. I can check and if you if you have small wallet of Satoshi on the iPhone or there we go and you scan this thing. It's like a Bitcoin faucet back in the old days. You get the Bitcoin. So same thing you get the little bit of Satoshi's in the lightning. Someone pulled for 2000 sass but there's another 8000 to pull so yeah. All right so other videos are over. Go back to the wallet Satoshi. Pause the video. Try that out. Give it a try. We're up to 50 viewers and 50 likes. That's pretty cool but that's where we're going to end it today. So thanks so much everybody for joining us. Until next time. Bye bye. Bye bye. Bye. After you do end it does this like.