The Bitcoin Group, the American Original. For over the last ten years, the sharpest citotics, the best Bitcoins, the hardest cryptocurrency talk. We'd like to welcome our panelists. Dan Eave, the crypto raptor. Happy Friday, folks. And I'm Thomas Hunt from the World Crypto Network. Moving on to issue one, issue one. Trump could put billions into US Bitcoin Reserve without congressional approval. David Bailey suggests over ten billion dollars could be put into a reserve before needing to get Congress to approve funding. Where's my laugh button? Anyway, according to a tweet by David Bailey from Bitcoin Magazine, enhance. The verdict from the experts is that the president has the authority to establish the SBR strategic Bitcoin Reserve without Congress and implement a fairly large acquisition program, tens of billions of Bitcoin. To go bigger, we'd need Congress, but we can start right away at a micro strategy-esque scale. Also, Senator Cynthia Lumis proposes that there's could be a Bitcoin Act. Sell the Federal Reserve's gold just as Bitcoin overtakes silver on the charts. Dan Eave, what do you think of Bailey's proposal coupled with the Senator's idea? Sell gold by Bitcoin. It makes sense with some of the other smaller countries like El Salvador Stein to stack Bitcoin that we're going to have this nation-state gold rush, whether they end up dropping gold as the reserve since the Illumas is proposing. It's another thing, but it sounds good, right? Having a Bitcoin Reserve. At the very least, they're going to keep that 200,000 that they've got in surplus at the moment. But couldn't the Biden administration sell that before Trump comes in? In theory, so is any of the 200,000 Bitcoin? 200,000 Bitcoin. That is a really strange idea where those are seized through criminal prosecution similar to a boat that was used by a gangster. What they do is they have a property auction. They sell those off and then usually they use them for restitution people that were murdered by the gangster. It's not really the US government's property. To say that the president could take the 200,000 Bitcoin that were seized from criminal prosecutions is to say you could change the way that criminal prosecutions work. President say that really nice boat. We should just give everyone a boat instead of selling them for money, whereas selling them for money is the standard practice. It's just what you do. I suppose like what happened with the 40 million of Silk Road back in the day. Germany, the problem is right. If you said it, Germany have got their issue now. They've lost over a billion now. They've lost from the Bitcoin price pumping. So I think it's going to make the thing twice about selling any Bitcoin that's on the books. The Germany issue is selling it. Those are just their Bitcoin. I think it was kind of a strategic investment. Yeah. And some decided to cut bait on the strategic investment. Savage. Yeah. I'm just not, I mean, I'm a Bitcoiner and I love the idea that we could trick the government into taking their money and spending it on Bitcoin and then a few years later, taking more of their money and spending it on Bitcoin and getting less Bitcoin. And all the while, I hold my little stack of Bitcoin and you geniuses make it go up for me. Right. I'm all for that idea. Like I'm in on it, guys. But you've got to be kidding me if you think that the United States government should hold Bitcoin or if they should act like they're hedging their bets. The United States government produces the US dollar. Hello, is this thing on? They produce the US dollar. You're the home team. You're the Yankees Dodgers this year. But you're the home team. You can't give up on the US dollar because if you give up, if the United States government starts to hedge. And I understand the United States government is being taken over by. I don't know who they are, but a lot of interesting reality show characters this week. Anyway, even if you are an interesting reality show character, you have to acknowledge that you the US government make the US dollar. You're betting against yourself. You're wrecking your own monopoly. Right. Maybe your monopoly is going away. Everyone else, every other country, every other person, every other government corporation entity, except you, the United States government can profit from that. You can all hedge. You can all be the big, short guys, the smartest money in the room. I'm going against the US dollar. This time it's going to work. But if you're the one that owns the dollar, you can't do that. So it'll be really interesting if they do do this. Obviously, I think the gold bugs in the audience are saying, yes, Cynthia Loomis, let's sell the feds gold first. We'll need an audit of it. It's in Fort Knox. We haven't audited in our lifetimes. No one knows if gold is there in the movie Ocean's 11. They at least had a camera on the gold. So they can confirm that was still there. We don't even have that much. But yes, it's a mess all over. Dan, what do you think there's also this idea that you can spend billions of dollars without congressional approval, which sounds like a great idea. Maybe President Biden should create a strategic light coin reserve or anything else he'd want to do with billions of dollars just instantly without power. Do you think there's anything to this, Dan? Do you think there'll be a strategic big coin reserve? I know. Well, it sounds like there's a 10 billion like buffer, right? Some sort of threshold, but whether it's something that's in law or whether they're just theorizing, you know, just saying, putting a figure out of thin air. But if it's in law, then he'll probably end up, you know, trying to do it. And if not, then he'll try and bend the laws to do it. I'm not sure there's a law. They, the threshold idea, they just seem to be creating that. I mean, there's lots of things presidents can do with executive orders. So they can start wars, they can invade countries. All right, not official war wars, but again, they can executive actions, whatever you want to call them. Oh, the ground scheme of things, buying 10 billion dollars of Bitcoin, you know, that's nothing for the US government. I don't know if it's the war, right? It's this very idea that you just shoot. I mean, even a reasonable person could say it creates a domino effect where the US government's bought Bitcoin. So BlackRock, so Bank of America, so Italian government and French and UN, and then the US government says, gosh, that Bitcoin buying plan that we had worked so well, all these agencies bought, we should do another round. And then they do it and they get less Bitcoin. And I agree we could all do it. And it's just it's this path to the destruction of the old units of the old fiat instruments. And I know everyone on libertarians are all cheering. They're like, yes, we did it. We overturn the Apple cart. We're at a wreck everything. But the people who own the Apple cart don't want to wreck it. Like you don't wreck the ship that you're on. You don't sink your own submarine here. So it's very difficult to imagine that they would actually do this even as crazy as times are. Let's move on to the next issue. Issue two, only a thousand passes left, advertising. Elon Musk issues a prize crypto endorsement amid three trillion Bitcoin and dogecoin price boom. Well, it was really that much of surprise. Elon's been talking about crypto for quite a while. But this time in a very interesting announcement, Elon said that the inflation bug of dogecoin was no big deal. And that it was even a good thing. He said specifically, I think that the flat inflation of dogecoin, which means decreasing percentage inflation is a feature, not a bug, pointing to Twitter in response to Billy Marcus, who had suggested users proposing removing dogecoin's inflation. I remember dogecoin's inflation is mirrors the US government dollars inflation, where if you hold dogecoin, you constantly are undervalued. Your dogecoin is constantly being made way at worth less by the constant printing of dogecoin. Let's go to Thomas Hunt. What do you think about Elon Musk and dogecoin? Well, I see the prices up, which is always what seems to happen when Elon Musk mentions dogecoin. And one can only assume and hope that he and especially his son or sons or whoever they are have front-run dogecoin and sold for a lot of money by now. So that's probably good. But I still think of Jackson Palmer, my friend, who must be rolling over in his grave, imagining this horror come to doge. The doge is now the Department of Government Efficiency and that Elon and Vivek Ramaswamy are going to allegedly figure out what the government does and if they can do it for cheaper and fire a bunch of people. So that's going to be great. That's what does. There's always been about the community spirit firing people such wow, much goodness. But yeah, to see the price go up, to see it be made a financial instrument. For people take the inflation seriously as a bug and a feature, not as a mistake of people who coded some of the kind of rashly and quickly a joke wallet that had the font change to comic sands and the Bitcoin image change to doge. Those were the main images, main features and changes of dogecoin. So it's just shocking to see it come to this. It's Elon Musk's own little fun, private game. I guess a lot of people are playing in this. A lot of people are making and losing money. It's all happening on dogecoin. Dan, what do you think of dogecoin? It started out as a joke and now it's an even bigger joke. It's going to be with us forever. I think as much as everyone hates the idea. We're going to have dogecoin forever and there will be dogecoin ETFs. Because they just will be, right? It's like it's the same, it's an antique in the sea of cryptocurrencies. It's like the first major meme that came out. It's obviously the biggest meme. Maybe it'll be used by some of the other ones. There's 20,000 memes being created day on Salada and Lone, for example. So whether one of them will end up overtaking doge, I don't know. But it's definitely spurred a lot of things. We've got the Department of Government efficiency. Imagine back in the day when Jackson Palmer was working on that. His political beliefs. That probably a bit maft about this so that Elon Musk's thing. But I still remember the day that doge launched looking at it on like a command line somewhere and watching them mine it and figure it out and buying and selling hundreds of thousands of doge at pennies or less than pennies. And I think to myself, I think, should I get rich office dogecoin thing? Is this the thing I should get rich on? And you know to really get rich on dogecoin, you're going to have to take your own meager assets, your few thousand dollars and flush them all into this complete nothing coin. Like this complete absolute nothing coin. You know, I didn't even know Jackson at that point. No one knew anybody. But flush them all in by millions of doge sit on it and wait. And it turns out dogecoin broke 10 cents recently. You could have killed it if you buy millions of doge on the first day, on the second day, on the five years in, they're talking in the chat, Jackie says dogecoin. There's a great dogecoin app. Our friend Christian used to have a doge not sure that worked out either. So it is much harder than people think to just arbitrarily say like, I'm going to hold on to a million doge that's worth $20. I mean, no one would have ever ever ever thought I'd reach billions that I was. Why isn't it 40 billion or something insane now? The market cap. It is 54 billion. The market cap. Yeah. So it's, they're probably anywhere. The top six. I'm over here scoffing at the ETF trying to imagine the the serious financial documents, you know, a big ass proposal document with a binder and on the front cover. And I'm thinking that seems silly to me. But no, you're right. If it's worth 54 billion, if people are trading it for millions, there's probably a guy out there who's mad. He's like, I made my millions off doge. Perfectly fine way to make the millions. But but but but. And I've even seen that movie. The dogecoin movie. It's something about this is not financial advice. I think it's called slum dog doge and arrows. The guy and the guy he made his money on doge. He didn't sell it went down. He held on. It went back up. So if that guy's still holding shout out to him, he's killing it. I think he's tweaked the other day. His bag's now like two million or something. So he's back. It's been a been a multi million. So we all we all know. Got to spend some of it sometimes cut off that 5 10% there and buy yourself something nice. So it's never too late. I got a doggy treat. Hottle plus profits. But you know, who doesn't hottle, you know, who doesn't profit? The magic eight ball, the sear of truth completely predicted the rally. Flawless performance as per user. I think it said that it wouldn't respond last week, which is the same as being right. If you don't respond, the same is picking it perfectly. Everyone knows that Dan, you're competing against the magic eight ball, the source of all truth. And this universe may be even soon to be an extension on LN bits. I think it's going to be soon definitely 10 10 100 K by the end of by the next show. It's got to be gone up. Let us know in the chat type higher or lower. There's a couple of people in the chat right now. It's pretty quiet in there. But if you guys let us know higher or lower, we'll count them later. Let us know what the chat thinks. Here we go. We're shaking the ball, which they say could cause bubbles. Will the price of Bitcoin be higher this time next week? And it is very hard to see an upside down. Ask again later. Ask again later. That's why it's a good bit. It doesn't always deliver. Moving on to issue three US hacker sentenced over Bitcoin. Heist worth billions. A hacker has been sentenced for five years to US prison for laundering the proceeds of one of the largest ever cryptocurrency threat thefts. Illa Lichtenstein, the hacker with Rosalconn. What was his code name? It doesn't say by forget now. He's pleaded guilty for the Bitfinex currency hack in 2016 and the theft of 120,000 Bitcoin. At the time, it was worth around $70 million. The value rose to $4.5 billion. By the time they were arrested at today's prices, it would be double that. Dan Eave, what do you think? They've sentenced Rosalconn's husband, Ilya, to jail for five years for laundering the Bitfinex heist. I think that's probably quite a light sentence. Considering he didn't just laundering, he hacked it, he stole it, and laundered it. That's interesting about this. I'm not sure if they convicted him for this stealing it. In the article, it says that he used sophisticated techniques to intercept and to actually hack the exchange. He hasn't gone down to the crime of hacking the exchange or doing the theft to himself. I'm wondering how much information they had on that. We haven't had Rosalconn's trial yet. Maybe Rosalconn was actually more of the brains behind him. Maybe she was the one that was actually the hacker. She's going to go down for the theft. I don't understand how two people can go down for money laundering. But no one goes down for the theft of it. They pushed the key at the same time. Let's steal the money at the same time. It was a multi-sake steal. It is interesting. There's that Amazon movie coming out about Rosalconn and Ilya, about their incredible robbery. I also want to contest with the article. The article says that Heather Morgan, who used the alias Rosalconn to promote her hip-hop music, she was Rosalconn. Rosalconn was who she was. It was not a promotion. Such callous and coldness by the BBC to say that she is not Rosalconn, that she was just using the alias to promote her music. No, no, no. Rosalconn was her personality. Yeah. As we're going to see in this movie, in the movie, watch Ilya, who may or may not have done the hack. We don't know at this point allegedly. Like Dan says, maybe the wife is the hacker. Maybe someone else is. Mr. Darkness is the hacker and these idiots end up with the money. Remember, these were the people that were caught allegedly because they were purchasing PlayStation 5s at Walmart. And they had taken this billions or millions of dollars now, billions, they could have just sat on it. Millions of dollars in cryptocurrency and their idea to wander it was through Walmart gift certificates by the hundreds. So millions of dollars, hundreds of dollars, actual money that you get, not very much. So it's very strange that they hacked BitFinex for this or that they had the ability to hack BitFinex. Maybe BitFinex sucked, I don't know allegedly. But there it is. He has sentence, Rosalconn still to come. What do you think Dan, more on that issue? Well, we'll see what comes out of the second trial, right? If there's anyone else involved. Well, sure, if there was someone else involved, we'd know by now. But I'd like to see whether she goes down for more than just the longer. Maybe she had a Tyler Durden type night character, a second personality, or a one-armed man. Maybe one of them had two or three or more personalities. And those personalities were performing the hacks, stealing the money. Maybe, maybe. But with the FTX cases, is it not, by, you know, is that a precedent that the kingpin goes down first? Because with Sandbank and Friedrich, he was the first to be tried. And then it's all the kind of smaller people. So maybe, maybe Mr. Lichtenstein is essentially the man guy. But just they couldn't put them, they couldn't put the charges for death. What I'm... On FTX, in most of the other cases, you have kind of a whole office full of people. So Sam was being ratted out by not only his girlfriend, but also his childhood friend, and some other guy and a bunch of other people. And all of those people's stories made it easier to convict Sam. And this one, it's really only the couple. So if the couple's not talking, if they're not ranting out, I think it's hard to say that one or the other is the kingpin. I think in a romantic way, we have to say maybe it was, you know, allegedly, we don't know anything about these cases from the inside. But allegedly, that the romantic union was the, was the, was the committer of the crime. And it was the joint couple, like they, they clicked the mouse together. It was beautiful. Like a... Or one... In this chat, but there was this old Saturday Nightlife commercial, where they had a toilet for two. And they flushed it together. That's great. But let's keep moving. Check out worldcryptonenetwork.com. We've got 4,060 videos that we've been making for over a decade on world crypto network, as well as hello to the fans of mad bitcoins who are tuning in. Because last week we pushed the wrong button on restream. And this week we pushed the wrong button again. Check out worldcryptonenetwork.com and madbitcoins.com. I'll fix the certificate soon. I understand that the website is broken. This is my fault. Moving on to issue three, bitcoin ETFs. Witness third, highest outflows since launch. The other two times foreshadowed price bottoms. Bitcoin prices now correlated, corrected approximately 6% since the all-time break on November 13. Is this the bottom of Bitcoin? Thomas Hunt. No, I don't think this is the bottom. I'm always bullish about Bitcoin. That's why it's so hard for me to sell. And when I do it's usually at the worst times. I think this would be one of the worst times to sell. But an easy time to sell if you're an institution. If you've just picked up Bitcoin in the last year, you're up 50, 60%. You're saying, this is the greatest thing we've ever bought. Let's take some profits. Perfectly natural. But there's that other part of it where if Bitcoin is the greatest thing you've ever bought, why not sell your losers? Why not keep your winners? Why not keep your Bitcoin? I think there might be another leg up, more leg up, and all those things. But there's also going to be downs and there's going to be corrections. And that's how you do a prediction. You say both sides of it and now no one can pin you down. Dan Eve, what do you think is this the end? Or is there perhaps another leg up? Dan's muted, which builds the suspense. Yeah, no, we've definitely got another leg up. The institutions are going nuts, right? The ETFs have got record, record inflows, they have record training volumes. We're not even close to the spike on Google trends of people searching for Bitcoin yet. The taxi drivers aren't really talking about it. People aren't phoning you up saying, hey, you're still doing Bitcoin or how do I get this Bitcoin thing? And then 100K. Because those schools will start coming. But that 100K resistance line is going to be, we're either going to, we're either going to teach around it for ages. And it was just one of those nail-biting events where it kind of goes to 99 and then pulls back and then comes up and pulls back. All we're just completely smashed through. And you know, the resistance from 100 to 200K is going to be nothing like the resistance from, from 0 to 100. There is something magical about that 100K number. As you'll tell from one of our later stories, a lot of OG Bitcoiners are pulled out of their haze and they say to themselves, $100,000 a Bitcoin. And they want to get some of that sell action as well as a lot of the Wall Street people who are used to these round numbers. And they're like, a round number is coming up. Let's sell. Let's make the profits. And of course, if you take 98 or you take 95 or 93, in the end, you might not even care. All the sales in the 90s might be great winners. But if we really look at this long term, might be saying yourself, I could have sold in the 490s. I could have sold in the 890s. I'm so dumb. And generally, that's been the truth about Bitcoin. Going back to, if you want, like inside of what it feels like to be a person that's been in Bitcoin since it was like $100 or $1000. It's like, yeah, every time it seems like it's going down, it's the end of the world. And every time it goes up higher after that. So you're like, yeah, it'll never be worth a thousand again. It'll never be worth 20,000 again. Those were the good sales. I'm dumb. And then now 50,000 looks like a good buy. 60, 70, 80, 90. It's crazy. Yeah. It always makes you cry before it makes you cry with sadness before it makes you cry with happiness. And it does specifically respond to you. If you meant to sell and it goes down, it's taking you down specifically. If it goes up and you don't have any, because it's the wrong time of the month or whatever, it's taking it out on you specifically. The market is personalized for and against you. So you've been on that. Mr. E says in the chat, it's going higher. Mr. Sheffield says higher as well. The entire chat is bullish. It's a bullish chat. Let's move on to issue four. Gary Gensler claims SEC helped crypto. Takes credit for Bitcoin ETFs dismisses altcoins and hints at resignation. Gary Gensler is like a dead man walking, saying that the Trump administration will likely be relieving him of his position soon, which would be one of his promises to the crypto people fulfilled, bringing on the other idea of if he does actually appoint someone that is pro crypto, that would be potentially two promises fulfilled. Gary Gensler said that Ethereum and stablecoins are not, that they are compliant. They're different from other digital assets, which he deems non-compliant. He says that he and the SEC have always held Bitcoin as different than the others, which he's like reading from my own book there, speaking my language. So what do I think about Gary Gensler? Well, I do think that it is pretty likely that Trump's going to let him go. And Gensler is speaking as if he were one getting ready to be let go. He's probably packed up his office by this point. And I do disagree that he's been helpful for crypto. He did allow the Bitcoin ETF, but at the last minute, we've been talking about Bitcoin ETFs for maybe seven, eight years now on this channel. You can go back to when it was only the Winkelvi planning in ETF. And we, as a goalable suckers, thought that it would be easy. We thought, oh, we'll have this ETF done in six months. The price is going to go up. That's back when we were using Mt. Gox. You know, we were looking at ETFs then. So yes, Gensler slowed the ETF. He slowed the cause of Bitcoin. He did react as he had to react after the success of the Bitcoin ETF and allow the Ethereum ETF short after. So in that way, he did help Ethereum, but we all predicted that. That Bitcoin would do the work and Ethereum. And then the real question becomes other ETFs, like Dan was saying, Dogecoin, Solana, Litecoin, who knows ETFs coming next. And that's all for the new SEC chair. So it really does matter not just getting rid of Gensler, but who comes in next. I disagree with him that he's done such great things for Bitcoin. But when something is as successful as Bitcoin is right now in the market, everyone is going to come around and pretend that they were a part of it. What is it? Success has many fathers. Failure is an orphan, something like that. So everyone's coming, Dan. And it seems the SEC director is here as well. Dan, what do you think about the SEC director? Suddenly, our friend, it's almost like that scene in the great Howard Stern movie, Private Parts, where the NBC guy comes around and he's like, Howard, I want you to know that I'm going to be a partner now. And I'm going to help you go far. And you would just want the ratings. And I'm with you. And it's how I was like, no, just F you get out of here. I don't want to hear it. And the same thing for Bitcoin, we don't need these people. But they can come along and say that they were they were our success this whole time. What do you think, Dan? Well, I think he's just trying to claim credit here, right? You know, he's trying to create a legacy before he goes out of the door. He's very clearly going to be gone, whether he's going to be, I think, basically he can't be fired, but he can be superseded by a new chief. So either way, he's going to be managed out. And to say that to take credit right, he rejected many, many ETFs. And really only said yes, when BlackRock, who was the biggest asset manager, started knocking on his door. And whether that was tactical, because BlackRock wanted to wait before they wanted to get their ETF ready. And so he was aware of that and wanted them to be able to start buying their cash before the inevitable flood once the first ETF has been approved. And you know, don't we have like, there's been there's many now, there's many, many ETFs. So fair enough, he did approve them, but he took a long time and a lot of rejection. And plus there's a lot of messing other companies around, you know, sitting the last few years. We obviously had FTX that have gone down and the bad exchanges, we had issues with, with, you know, with currencies like Luna that have completely crashed a zero and the stable coins deep paged. But then we've also had Gensler and the SEC like knocking on the door of Coinbase and and BitTrek's and other exchanges that are genuinely trying to actually get along and to actually work with the regulators and make a good start at their business and be, you know, be solid in their plans with regulation. And they've still been sued. So I think he's just clutching his straws really to try and withhold his legacy. I think you're right, Dan. It does make a big deal that BlackRock got the ETF, not the Winklevi, not Coinbase, not any of the other crypto players who probably all wanted the ETF first. Even some of them like BitWise and others kind of had to be followers to BlackRock. But that does mean what it is when you have billions of dollars of assets under management, right? BlackRock is a gigantic investment company when they come in like you say, Gensler had to go with them. He had to go once the Bitcoin ETFs were a huge success. He had to go for the Ethereum ETFs as well. And I think it's important like you said, Dan, to keep him responsible for what was on his watch. On the watch of Gary Gensler was the FTX Exchange, something that was regular. Something that applied for regulation, something was in Fortune magazine. It wasn't a surprise when Super Nintendo Loskey went to the Japanese and he said, I've heard about the Mt. Gox disaster. And I'm here to help. And the Japanese said, what is Mt. Gox? We knew what FTX was. It was on the cover of Fortune magazine. It was everywhere in San Francisco. This kid with the curly hair was interviewed about his Honda and how great he was. He was sponsoring an arena. He had Tom Brady doing his advertising. He hired Larry David. And it was all just a not just a fraud, but it was a poorly run disaster. It was this childhood house when people always worry about startups. And they're like startups are a bunch of kids in their basement. And they're going to keep crappy accounting and all that. They go to this startup and it's keeping billions of dollars of assets on quick books. It's giving this money to this Alameda research to do God knows what with the money. And the money turns out that it's from your savings. It's from your Bitcoin. It's from your assets you're supposed to be holding allegedly and so forth. I haven't looked at the books. But from what we've read from articles, this is where the funds were being held. And that these kids were at the top taking a bunch of smart drugs and trading and having a polycule and so forth. Like this is a disaster of due diligence. Due diligence that could have been done under Gary Gensler by Gary Gensler by his friends in the investment industry who could have checked out this guy before they just said, hey, he's from Stanford. It's all good. It's all cool. Or he's from MIT. Where he's from. His parents were from Stanford. So yes, it's a mixed bag for Gary Gensler. And even I who I'm not joining into this whole, let's burn down the state, deep state thing. But I do think Gary Gensler had a questionable term as SEC chair. And he is kind of trying to join the winners here with Bitcoin and just say, yeah, yeah, I was your friend all along. Dan, more on this? No, I agree. I agree. I think he's just trying to go out with a bag and pretend that he's done a bunch of good stuff. Whereas very realistic. We've covered a lot. He's been very restrictive to the Q and great side market. But he was our friend all along. No, remember. Let's move on to issue five, our last story and my favorite story this week, this OG Bitcoin investor just turned 120 dollars into 178 million. The user held Bitcoin from when it was worth six cents all the way up to $90,000. A coin. The whale allegedly had 2000 Bitcoin and moved them to Coinbase where they were likely sold for millions and millions of dollars. What an amazing hodl by this user who had been holding since 2010. And in a way, I think we always we could have done this. It would have been so much easier just to buy 2000 Bitcoin back in the day and not do any work, not do any travel, not work for any startups, not have to make any speeches, do anything. You just sit around and don't sell and you get this incredible windfall. I do think that we have to take in a mind how difficult it was for this user not to sell how many times the price had went up before and they said, well, $300. That's not for me. $1000, $10,000, $50,000. They got up to around 90 to $100,000. And this user said, OK, 178 million is OK. And it's always funny people say that the old Bitcoiners will never sell and that they'll never be an amount that's worth it where they'll sell. But it seems to me, there's always this number, I guess it's $178 million, minus fees and what have you. So a little less and then of course taxes and so forth, depending on where they are, obviously no information on this user. This is a Bitcoin account could just been somebody else or something else. But $90,000 a coin, all they had to do was hoddle, Dan Eve, what do you think of this incredible accomplishment by this unknown Bitcoin user? Well, it's easiest said than done, right? Like, the tips are just buy and hold. I think some of these are going to be people that just forgot about it and they've had issues and they finally got into that old laptop because to hold $120 to $178 million, it takes a lot of decision making process continuously saying, should I sell? Should I sell? But if you think about $178 million, if someone was to give that to me right now, I wouldn't know what to do with it. It would take an eternity to spend. They must have reached a point where they're like, this is just silly. I don't care if it goes Bitcoin, goes to a million because I'll just have more problems. There's the famous saying, the more money you have, the more problems you have. I'd be worried about having $178 million win for. I used to get scared when I had a work bonus. I'd be like, what do I do with this money? I've got to pay off Dan. I'm sure that way. The idea, I know the lottery in the United States, they pay you over 25 years. If you win the lottery, you get 100 grand a year. In a way, I think this is supposed to obviously defend the lottery company from having to pay it all out at once because they don't have it, but also in a way to defend these people from losing all their money. There's this classic statistic where if someone wins $5 million in the lottery, they'll lose it within five years. They'll pass it away. Now, this user, now we don't know, they could have many other wallets that they've been tasting throughout the years that we don't know about, but this one chunk of 2000 Bitcoin was held since the beginning. Then they sold it all at once. What would you rather have, Dan, this kind of maybe a 20-mill reward at the end and you get 100,000 a year every once well or this 175 all at once, but you kind of have to be poor for 20 or 30 years before you get this giant payout? I think the study income sounds kind of good, but I just know it's going to squander $178 million. You have to imagine that they're panhandling. They have dirty clothes and a dirty apartment and they sleep on a pile of rags and they're just like, they're probably waiting for 200 million. Really, if you look at this, 178 to them is probably some kind of capitulation, capitulation where they're like, they're like, ah, forget it. What's 200 million? What's 178? What's 150 million? What's the 20? What's the difference? They cash it out. Or like you say, Dan, we have no idea. Could have been they found the old laptop. They found the old coins. Maybe somebody passed away. They found their coins in the will and their granddaughters like Effort. I'm spending them all like I'm banking this and more power to them. But again, I think that the Bitcoin, the old Bitcoin will be sold. The giant companies, micro strategy, maybe the US government, all these other things they will buy it up. And in the end, there won't be these giant Bitcoin holders. But there'll still be great stories like this every once in a while about a guy who was OG Bitcoin investor turned 120 dollars into 170. If you're in the chat investor, remember you could always invest in the world crypto network send us some of that fund. Give us a chat out there. I remember the pineapple fund for a while. There was an early investor who made a lot of money who was dropping millions on organizations you'd like, things like the internet archive and maybe BitGive and some other cool things. So if there's a pineapple investor out there, it just made 178 mil. Always drop some millions here on the world crypto network. We're going to head towards the end of the show. Dan, Eve, do you have a prediction or a story of the week? Go ahead. No, no, no, I just think I think that we're going to see 100 K Bitcoin very, very soon. We did a 9k Bitcoin jump in one day, which is the biggest ever. So I think we've got something we've got something huge coming. There's going to be like a 10k jump. I did check the world crypto network treasurer account from a long time ago. And there was some funds in there, but it was not worth a million dollars yet. So I put it back in the bottom. 178 million. Hey, well, I have to wait while maybe that one would be good. It seems like a lot. But one would be good. It won't be fun. But no, I don't have much of a story for this week. I'm glad that Dan joined me. It's good to talk about these issues and keep talking about what's going on. It'll be interesting to see what happens with the Trump administration, allegedly a pro Bitcoin administration. So we'll see if that's good or bad. There was an article this week we couldn't cover because they wouldn't show it to us in the Wall Street Journal questioning whether this would all be good for Bitcoin if regulation would be good for it. As we've seen in a lot of other cases, there's a case going on right now with this electronic vehicle credit where it seems like in the early cases it helped Tesla. So they want it. Now it's helping Rivian and other Tesla competitors. So Tesla no longer wants it. So they might eliminate it in the same way. Crypto regulation might lead to a situation where coin base or Kraken become institutionalized become the all powerful banks and an up and come or like FTX or something else could never make a splash could never get into the industry because of the regulation because it's so onerous you have to file into all these things or there's a possibility that they streamline the regulation make it easy. I know Kraken for example had to apply in all 50 states to be in exchange incredibly onerous task you can just tell by looking at at least 50 jurisdictions, 50 different rules, 50 different lawyers so on and so forth, teams of lawyers no doubt. They could make that easier or they could make it harder or more likely they could do nothing. I still predict nothing. I predict grid luck. I predict in fighting and I predict a failure to deliver on promises. So I don't think it's easy to deliver on promises. I think if you really want to do it you have to deliver and to me that means freeing Ross on the first 100 days. Maybe a lot of other people go to jail and it's awful and it's effed up but maybe Ross goes free. So we'll be keeping an eye on that here on the show just casually. Obviously nothing we can do. Ross is in jail and so forth but we can count the days and be curious. So let me count the days. That's right. It'll be, we'll carve them on the wall. Like they said the clock had just struck 15 whatever it was. So but thanks to everybody for joining us be sure to give us a thumbs up down below. Press subscribe. Hello to the two or three people in the chat. It's been quiet in there. Been keeping an eye on it. But until next time bye bye.