The Bitcoin Group, the American Original. For over the last ten years, the sharpest Satoshi's, the best Bitcoin's, the hardest cryptocurrency talk. We'd like to welcome our panelists, Dan Eave, the crypto raptor. Hey, hey, happy Friday. Ben Arck from LN Bits. Good evening, all. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one. Tesla dumped 75% of its Bitcoin at one of the worst times, losing out on billions of dollars as predicted here. Germany's Bitcoin sale now seen as a billion dollar error as predicted here. Germany's 2024 liquidation of over 50,000 Bitcoins for $3.3 billion could have been $6.6 billion dollars one year later. Dan Eave, what do you think of the terrible sales by Tesla and Germany, which were both predicted here live on the show to be mistakes? Well, I mean, with with with Germany's, it seems also bittersweet because they didn't even do it on the 4th of July as well. And they pretty much market dumped it, which was quite sad. But they made the whole market crash and then they laughed at us. They said, aha, look how smart we are. We made the whole market crash. And everyone said, this isn't going to work out well for you guys. Yeah, and it didn't last long. Look who's laughing now. But at least they have, at least they have 0.006 Bitcoin, which is by been donated to them, which is, which is a sad state of affairs. Why imagine being sat on could have been sat on $6 billion as well, worth of Bitcoin, especially in a time when I think I read Venice, was it Venice, what are the South American countries that they held their Bitcoin and it's now worth about three quarters of their national debt or something. I think it was, I mean, anyway, what is one of the countries? But with Tesla, they also, I'm surprised, obviously they sold it, and then I watched, they could have kept that and had, you know, been three or four billion up or something. But they didn't they also say that they actually were going to start accepting Bitcoin again once the people proved that mining was more environmentally friendly, which seems to be, we seem to be over that hurdle now. So we haven't heard much from that camp. They haven't even said whether they'll be accepting doge either, which is, which is strange, considering all the dough stuff that's happening with the Elon Musk recently. But yeah, it would be good if they can turn around and kind of look at the environmental reports from mining now, which pretty much you pick just to say, that the mining Bitcoin mine is good for the environment because of the usage of wasted renewables, especially as Elon's, I think he created an article, or use reference article today, saying that solar energy produces so much energy that all other energy combined is a rounding error. And I had a look into that and it's really interesting actually. It produces, you know, the sun produces so much energy that in the lifetime of earth that, you know, nuclear and everything is just literally a such a small amount if we can harness that much power. But obviously there's other things like cleaning solar panels and you can't fit them everywhere and, you know, it doesn't run at night time, so batteries are going to be required massively. So obviously he's going to be showing that. But yeah, Bitcoin should be accepted at Tesla again now. I think it's time. Sadly, in our country, they've canceled all of the subsidies for solar and wind power despite the fact that it's going to take at least five to 10 years to ramp up a new nuclear power plant or whatever they're going to do to replace it. I'm not sure if Tesla is even into environmentalism anymore. They're very much going their own way and electric cars aren't cool anymore. Everything's changed. But again, we predicted live on the show that these were both mistakes and it's just tragic. And but it's also, this is going to repeat itself over and over again as Texas launches their own Bitcoin reserve, all these other places launch their reserves and unless they're able to borrow against this. And I know everyone, the new rage is don't sell your Bitcoin borrow against it. I don't think there's a lender out there that would have taken Germany's $3.3 billion bet or whatever Tesla had. It's just too large. But this is going to happen over and over again, these companies, these states, they can never sell. And if they do sell six months to two years later, there's going to be one of these articles about how much they lost by selling. Ben Arck, what do you think about Tesla and Germany and their bad decisions? Yeah, with Tesla, we covered it on the show. And it was very much an example of Elon Musk proving that he cosplays how much he knows about a subject. So he was all over the social media, pretending that he was this like well informed Bitcoiner. And then when they started accepting for Tesla, quite surely afterwards, who's like, oh, Bitcoin's bad for the environment. And it's like, well, surely you would have known this already if you were an actual Bitcoiner and used like a just a little bit about mining. And at the time as well, there was good evidence, as there is now, there's more good evidence that renewables obviously make a lot of sense for Bitcoin mining. And there are a lot of mines running using renewables and is incentivizing renewables as well. So I think I was always very critical of, but I had to put that to one side when I saw a whole bunch of evidence of actually happening, which is great. That's what we want. And then piggybacking off what Dan said, yeah, I mean, solar is incredible. Just taking a magnifying glass on a sunny day and set some down fire. Like there's so much energy just falling on top of it all the time. It's pretty insane that we feel like we have to dig out, fossilize dinosaurs and put that in our car to make us move forward and whatever else. So yeah, so renewables are the way forward. Energy isn't going to be too much of an issue in the future. And so it's moving towards, it's a tight-ponsed civilization where we have actually harnessed the energy of the sun as opposed to everything. They're tight one car to shift, right? Yeah, that's the scale. Car to shift. Yeah. And like we need to consume a lot of energy too. You know, if we've got this AI actually happening and we've got Bitcoin mines and whatever else, like the more energy we consume, the more we develop as a, as a more humanity developed sort of, that sort of seems to be. So we've got to, we've got to be better at harnessing energy and there's loads of energy just everywhere. You know, we could, they see, we're going to look at the sun. And we just need to harness it and Bitcoin mining makes a lot of sense with that. But anyway, on the Tesla front, there's an example of Elon Musk knowing much about Bitcoin. And then what makes me, what confuses me is he was obviously heavily involved in the Trump administration. And, you know, he was part of the inner circle, like surely he must have known what was happening with Bitcoin and Bitcoin regulations. And then I would have thought that maybe it was just too much of a step because I think a lot of people who bought by Tesla's, you know, obviously, kind of environmentally aware. And a lot of them have a, you know, opinion on Bitcoin that it just consumes you much energy. So maybe he didn't want to rock the boat even more with his consumer base. But I think that boat has been rocked. And it's not only like, I mean, I kind of feel sorry for him almost because he's, a few years ago, like all the talent in the world would love to go work. All the best engineers would love to go work for a company like Tesla, where it's now, I think that sentiment's probably less. So this is kind of more bad news for Tesla and Elon Musk is a businessman, you know, who's apparently informed about Bitcoin to sell off all that Bitcoin. I'm sure his child was like, well, you know, saying, well, you, you were acted like you were a Bitcoin. So why did you sell off the Bitcoin? And then when it comes to come countries selling Bitcoin, like everyone regrets selling any Bitcoin ever. That's what you should try and do it as little as possible. But I suppose a country probably isn't as inclined to regret as much as a, not just an individual human is. So it might take them a little bit more for the price of a little bit more for them to not be able to rationalize is just, well, it could have gone up or it could have gone down. And actually be when they see, you know, a regret when they see these countries with big national debt, whatever, being able to pay off their debt from by other Bitcoin treasuries. But I mean, ultimately it all plays into the never saw your Bitcoin ideology, which if you think about the compound effect, I mean, this is why the Bitcoin price has gone up as much as it has is that we've spoken about this on the show is every time you have a cycle, you kind of increase that better off of people holding Bitcoin. And they understand that they should try and sell the Bitcoin as little as possible and the diamond hand thing, whatever else. And that just compounds. So like, this is what makes the price go catastrophic and you know, got our catastrophic interstellar. And you get to the 600 billion dollar per Bitcoin is is is from that is when people not not selling their Bitcoin that just supply and demand, you know, there's not that much Bitcoin on the market. But interesting interesting stories to see countries and big companies starting to have to live with a regret of selling their Bitcoin holdings. It's it's almost like us right Ben they have that personal regret everyone has that story one times I sold my Bitcoin and now Germany has a three billion dollar loss on their story. And that's going to get worse and worse and worse as the days go by with Elon Musk though. It's really strange he seems incapable of research incapable of learning or understanding anything like you said Ben, he was a big Bitcoin or even a doge corner, a supporter, his company should have kept accepting it for their cars. They could have held it. His company could have held the Bitcoin they purchased seems obvious. If you know anything, also like Ben said, being on the inside of the Trump administration, seeing the success that David Bailey and others have had in changing the laws to improve the situation for Bitcoin and not to get back in, not to say we should rebuy. We made a mistake. We should accept it. We made a mistake. And then to compound that the entire Trump event for Elon seems confusing now. He's obviously publicly broken with him. He's claiming to start a third party to unseat the MAGA that he helped create with his hundreds of million dollars of contributions as well as purchasing Twitter and changing it to a right wing website. And then there's of course Elon accusing Trump publicly of being in the etch team files, which is great and everything. But if you knew that, why are you working with him? It seems like he's a bad guy. If you know that, if he's making it up, why would you make something up like about that about the president, say it publicly, very strange actions by Elon across the board. I question if he's a good businessman, if he's a good researcher, certainly don't have to know everything to be smart, but it just doesn't look very smart. Yeah, I mean, even so for your shareholders and for the board of directors in Tesla, they're going to be like, why are you falling out with the president of the United States? Like leave, but then just don't fall out with him. Just don't go on Twitter to start using them. You have to just be quiet. He gave him a golden key. He left on seemingly good terms. The doasting, cutting all of the everything, did seem to work out, didn't save any money. But they were, they were at least trying publicly to make peace. I agree, Ben, he should have just said nothing. He's gained nothing by attacking Trump by creating this third party by accusing him of being in the etch team files, so on and so forth. Dan, what do you think about Elon? Yeah, he's still a lot to gain from it as well, right? Because Tesla is obviously an American based company and aren't capital gains for Bitcoin gains now, now not taxable, right? So that's their attempt from tax. So is that right? The laws change for that? I don't think that's changed yet. Dan, that sounds fantastic. But I know in Germany, if you hold it for a couple of years, you don't have to pay taxes on it. But in the United States, to my knowledge, you think that's just... My, my, just been rumour. But yeah, I just, I think that it may have sounded like, I mean, my take on the, them selling the Bitcoin back then was that perhaps the, the, the shareholders of Tesla wouldn't have been so knowledgeable on Bitcoin and would have seen the generalized fudge that you'd see in the mainstream articles, whereas obviously is kind of in, not inside us, but people in the industry would have been reading stuff like the coin shares reports and stuff like that, which, which, which has very detailed and mining analysis. And, and so from the shareholders perspective, you probably got a lot of pressure from them to, to dump the Bitcoin because Tesla was seen as an environmentally friendly company. There are a lot of people bought Tesla's because there, there being environmentally friendly and then it was like an oxymoron to have, I, this, I, environmentally friendly company, then having Bitcoin, which is not environmentally friendly. If that's a weird analogy to use. But, but the, the, the, the other strange thing is that, well, not strange thing, but the worry thing is that, is that there was a report saying that out of the UK from, from this side of the pond that Rachel Reeves was considering selling our Bitcoin. And I think there's quite a lot, but there's another twist to that, which is that a lot of it was actually seized from a Chinese pyramid scheme and now China's after that Bitcoin being returned to, to itself. So it's, it's a lot more complicated than just selling, selling the Bitcoin, but Dominic Frisbee did a quite good right up on it and, and, and begs her, please, please, don't sell the Bitcoin as, as any Bitcoiner in the UK would be. Well, it's interesting because they're trying to do that here in the United States as well, Dan, where Bitcoin has been seized from criminal activity. And normally, if it's like a boat or a casserole or whatever, we sell it at auction, we take the money, we give it back to the victims, right, as best you can. They, for some reason though, they say this Bitcoin's in our system now. So the government just sees it and that's where we should get our Bitcoin reserve, rather than appropriating money through Congress passing bills, creating laws, actually buying Bitcoin with printed money or printing more money to buy that Bitcoin, which we do predict they'll do in the future. But right now it's all about trying to seize this criminal property and it's not theirs. It's not the government said the longs to the victims, I think is the traditional take on that. Just what while we are at it, I don't know if you've seen it, but I watched about five minutes before falling asleep, but the new South Park is incredible. It's, it's really great. We should, well, maybe we'll cover it more at the end of the show, but yeah, you've got to watch the whole thing, Dan, not just five minutes on my goodness. Oh, I got. But yeah, South Park was awesome. So what happens and what happens in the show? Very briefly, very briefly, they parody Trump directly. They have his talking head. It looks just like him. The largest thing I would say without spoiling it is he's kind of like Saddam Hussein. Yeah. And he's and he's in bed with Satan. Oh, come on. So it's it's a radical episode of South Park. The entire internet has been talking about that's all they'll talk about. But we can talk more at the end of the show. But let's let's move on to the next issue issue to very much related to the first issue. Public companies bought more Bitcoin than ETFs did for the third quarter in a row. As we've predicted on this show, there's no reason to have a company anymore. There's no reason to make widgets. If this lasts and I believe they'll have to make it illegal if they want to have traditional companies, not just Bitcoin holding companies. There's no reason to make anything. If you look at micro strategy, they don't really make anything. They just hold Bitcoin and make tons of money. And as you can see here from this article, public companies are following the micro strategy strategy. And I assume if they go further along this line, they'll be shutting down their assembly lines and whatever because why would you invest in that when you could just invest in Bitcoin? Ben, what do you think about these public companies buying even more than the ETFs? Yeah, I mean, there's kind of like two topics. There's ETFs versus public treasury companies like strategy. And I honestly don't really understand maybe it's the gains. It's a bit more speculation of investing, upgain access to Bitcoin via strategy as opposed to an ETF because there is more risk there. Then there would be with an ETF because they obviously leverage Bitcoin and do whatever they can to buy more Bitcoin. I suppose maybe it's just the short term gains of it all. But my real concern is that the thing created post-2008, which was essentially a book balancing issue. The thing which was created not as a result, but partly it was good timing. Could also maybe be the thing which crushes the markets in that you have all this empty value out there when you've got these companies which purport to have a treasury. They don't actually have the Bitcoin which they say they have and they're over leveraged and blah, blah, blah. Then you end up with the exact same scenarios you had in 2008. And I do think the regulators are going to be aware of this, but there is a systemic risk. And I think that we're just sort of in this brief period where you have our legacy financial system. And then suddenly you have this new opt out thing, this Bitcoin thing, which is real spanner in the works. And with the two systems existing co-existing as they are currently, like you can have a treasury company like Stragy without doing proof of reserves. But actually there is a systemic risk there and that eventually, I mean, like Stragy is a big clear net company. There's not a side point dream or whatever, they're just buying Bitcoin within the traditional business public company context. So I feel like it's a short term exploit, which is available to clever rich people who can take advantage of it. I don't know if I don't think it's going to be there forever because of the risk you could have with all the markets. And when it comes to just general companies, like trying to build a Bitcoin treasury, even though they also make other stuff, one of the best ways for them to build that, is to accept Bitcoin payments. So we've seen a huge uptick in interesting and a bit as a payments technology for accepting Bitcoin payments because we have, they're just now is this kind of we're on the brink of a kind of Bitcoin payments revolution because there's always big companies you just want to accept Bitcoin payments as a way of building a Bitcoin treasury. I don't necessarily think that side of it's a bad thing, but obviously the side in which you are then able to leverage that there's Bitcoin oldings and gamble with them could be a bit to finish you because as we know the Bitcoin price does go up and then does go down. And that's always been the fear of that fear that these companies would re-hypothicate or lend out or print more Bitcoin than they have. And that could be happening at some of these companies. And like you said, Bitcoin's the most transparent asset. Everything Satoshi was focused on was the transparency of it that you could prove what you have, but micro strategy and Michael sailor went out there and said, apparently according to their analysis, it's a security risk to prove your reserves. He also said that it wouldn't mean anything because he's he's backed by loans tomorrow. He could sell them all to pay the loan. You would find out, you know, minutes after or something. But yeah, we're back in the financial crisis, right where they're putting potentially bad loans in boxes marked good and you as the consumer have no idea if you're buying good loans or bad loans, good company or bad company. They could prove it, but they're not. So let's go to Dan Eve, the crypto raptor. What do you think about public companies buying more than ETFs? It does seem a bit like the the 2017 every company put in blockchain in his name. And like the pivotal one there was like codec that try to save itself. And we all know how that kind of went. And now there's there's again, there's a British company called smarter web that announced it. So they seem to be like, you know, this thing we're buying Bitcoin put on the balance sheet. There's a bunch of Japanese ones. There's like quantum solutions and guitar bow. At a meta planet apparently has an incredible amount of Bitcoin and their their stock went up even more than their Bitcoin gains. So now there's this idea that maybe you can make more money speculating on these stock companies rather than just holding the traditional Bitcoin. Yeah, yeah, especially if you can if you can go like leverage long on some of these these crazy companies announced and they're going to be buying some Bitcoin. But then I'd like to see I'd like to see the stats and I haven't found it yet. I just want to search now, but the stats of companies buying without sailors strategy numbers included because they're obviously such a huge buyer in the game. So without strategy buying are the are the inflows bit of still bigger than the ETFs. I'd like to see those numbers. But because obviously sailors say still buying pretty darn hard and he was buying the buying the top. So there was what the big dumb today right meant to be is it galaxy BTC. There was 40,000 or 30,000 that was meant to have been sold like on the on the open market. Which seems rather like odd because galaxy digital were pretty hardcore and in terms of Bitcoin and I don't know if that's all of their holdings or not, but that seems to be why we sort of dump back down to 115. But it's strange even saying that dump back down to 115,000, you know, it's absolutely nuts. You're just thinking just just saying that sentence dumping down to 150,000 dollars. There's also been some rumblings recently about a company. I forgot the name down maybe bit digital, but they had a Bitcoin treasury and they switched to a quote Ethereum treasury. Other people are saying that perhaps Ethereum jumps and jumps and jumps and maybe even out does Bitcoin this cycle. I think Mike Novigratz was saying that as well. So very interesting stuff happening out there. I think maybe two, three weeks ago that company was openly mocked for the Ethereum strategy. Everything seems to have changed in the last week with the altcoin resurgence. There's also for the record and NFT resurgence looked like it's happening. So Bitcoin Ethereum altcoins NFTs are all up. And I'm pretty sure we've been predicting it here the whole time. So hopefully you listened. Make maybe that's it right. The galaxy digital dumping some of their Bitcoin. So they think that Ethereum is going to follow in the in the trail now and has got some bigger gains to make in the short term. Considering it's still not even at all time high yet. Like if you've got a feel you got to feel for Ethereum holders. It still hasn't hit while I $4900 yet. That stacks Novigratz. She'll in his bags. Back every time back with the vengeance. There's a next there's another level of finance which exists and it's outside of the new cycle. And I've had a couple of conversations with some people like you were involved in that world over the past few weeks. And the public companies buying Bitcoin is far. Yeah, it's far more advanced and there's far much going on far more going on than just the strategies out there. And I'm not sure that I could talk about on the show, but when I had some of those conversations, I was like, OK. It will see whether it pops up in the new cycle. I certainly don't have any insider information, but just from what I've gathered reading the news, it seems like more of these family trusts and these incredibly rich people are investing now in Bitcoin and Ethereum. The companies, the trusts, they're all in it. We still don't hear from retail. I'm not getting a lot of phone calls from my friends back home. I got maybe one when we broke 100. Of course, the guys like, oh, I wish I bought out a hundred of a world I could told me to. I wish you did two, man. I wish you all did. I don't know why they didn't. I told everybody I know. Then I got on the internet and I made 600 shows in two years. I was like, this is the thing Bitcoin is the thing. They didn't listen. I'm in Paris now. So so it goes. For the only time I sat down everyone I know. Then I said, now is the time to buy Bitcoin. Now look at me. I've never said this before. This is the moment you put as much money as you can into Bitcoin. And it was when you remember when the ETF news broke when we first got the ETF. I was like, this is we've been speaking about this for years. This is when Wall Street comes in. This is the end of the, not the end of the retail investor, but this is when the retail investor becomes more insignificant and just make a big financial interest. This is the time. No one, no one bought. And I was just like, now I can turn around to them and say, look, that was the perfect call right there. I feel like again, but like I should have had a family meeting and I should have sat everybody down. But I got burned the last time telling them by the Facebook IPO and it went out and it went down. And then I told them the right thing. I said, you should buy more. I got how many money I'm going to hold my 10 Facebook shares or whatever. But you know, you people have money. I'm more of this Facebook thing. It's I showed him a soda can like every soda can has a Facebook at a Twitter logo. You ever notice that like that's a valuable thing like they don't have to do that. They chose to do that. Like it's a big thing. No one listens, no one listens and say I was hard to tell about Bitcoin, but I still have these Facebook messages. I go back to I don't want to, but I tell my cousin I'm like, hey hundreds of good deal. And then like must have been three weeks later. I'm like, you know, I know it went to 300, but 300 is still a really good deal. Like maybe just get one, you know, and now not a one they can't get off zero. It's so hard and I understand it too. I had a hard time getting into Bitcoin at first to just got to get off zero. I mean, even the 0.001 or 0.00 just giving a try figured out. They weren't ready. Maybe now maybe maybe maybe next year. That is a real eyes that I mean, we shouldn't just say something that profound and then skip on to the next subject. I think get off zero is some of the best advice just get off zero. Yeah, when it comes to converting no coin is get off zero. It's good. Good to you. Well, a long time ago I wanted to put a thousand dollars in and a thousand dollars was a lot of money and I worked hard to make it. And I didn't know what to do or how to save it. I probably would have lost it in some exchange. But $10 would have been fun. $100 would have been fun and getting a start and that would have been crazy early. But instead of put zero for even me, you know, even I make that mistake too. But let's move on to the exit question predict the price of Bitcoin competing against the online magic eight ball, which I have purchased brought with me. Dan E will be higher or lower this time next week. Oh, higher just a small dip. This is small dip. Ben Ark continuing the positivity higher or lower. I like this is we're just this bonkers. It's going to go so high. It does seem to me like we only went down so we could go back up. So it's one of those the market is working little correction things. But let's ask the magic eight ball. Will the price of Bitcoin be higher this time next week? It is decidedly so it is decidedly so the online eight ball perhaps more positive than the offline version. Sec out world crypto network.com we've got 4,459 videos including new short videos, which we've told we've been told they're making an effect. Maybe not the effect that we want. But they're making an effect Victoria our friend on the show here was in a video where she talked about hex and I think she actually said good things about it. Although she's not a fan and the hex people found it and now they're they're filling up her Twitter replies trying to teach her about the power of hex. So I don't know if that's a good thing for shorts or not. But the idea that we can make small clips of our show and have other people watch them. It seems like it worked in that case so high to all the hex people if you're joining us today. Moving on to issue three Bitcoin to Ethereum and Bayer NBA icons. Scotty Pippin reveals four top crypto predictions for 2026. It's hard to take this one seriously at all Scotty Pippin of course famous for the Chicago Bulls and Michael Jordan playing incredible basketball. Being a good person taking care of his mother stuff like that is now telling everyone on Twitter that the market is going up. Pippin predicts a rally in Bitcoin to 233 Ethereum to 10 K XRP to $10 each in Solana to hit a thousand dollars. He also thinks that Elon Musk's humanoid robots are actually going to come out and deliver you meals. It's hard to take this he's obviously a basketball player certainly smart guy. But I don't really believe him as a crypto expert but here he is cost playing as one Dan Eve. What do you think about Scotty Pippin's predictions and will he be right? Well, it's funny how that there these predictions that there's so much more like reasonable like now like now or not reasonable but like you know before it was you know we thought when Bitcoin hit a low of like in say 2015 right before before that. Halfening it was $150 or something and everyone's like you know it might make it to 300 400 and then it hit a thousand dollars and then 2017 it was like around the March ETF hype that got rejected and it's like wow you know it's about a thousand dollars it may make it to about four or five thousand then it hit 19 thousand so it's always like the estimates are getting a lot more conservative as time goes on. Any theory what only needs to just over triple to get to get to under triple to get to 10 thousand X IPO I didn't care about but and and Salana I'm not sure about the price but Salana is definitely like the mean coin chain at the moment isn't it's like where all the it's like the shit coin casino for for the current mean coin markets but I think I think Salana just got back to $200 so that would be a five X gain. Ripple was around three dollars so that would be about a three X gain to ten dollars is pretty large gains is productive. I remember having because of the ripple I mean 2017 I remember having someone Poloniacs and when it was like fractions of a cent and sold it all off because I was just like I just the chill army to bad and that obviously was a bad decision but I still I still hate X of the because of that but I didn't I remember was it so I say that was next to Scotty Pippa. I haven't heard much about it but say was next to him when he said that he'd he'd met Satoshi or something and then he he and alluded to saying it actually met Satoshi his dreams and was talking to like and say his face was just like what the hell but he seems like you know he's like a cool character right at the end of the day he's a big character in terms of basketball and he's chilling Bitcoin to his masses that's the that's the main thing right that's he may be showing other other coins as well but I like it all these articles. Still refer to Bitcoin is like the main cryptocurrency or the the largest cryptocurrency right instead of instead of like that's their descriptor for Bitcoin rather than like the hardest money or something more cool like that but yeah it is good that we've got these big stars that are taking pushing Bitcoin and what I was the other guy there's another guy that's I can't remember his name now but he's another I think he's a but NFL player and he's he's taking he one of the first to get his Bitcoin his salary and Bitcoin was a portion of his salary and Bitcoin. So it's good that these stars are pushing pushing Bitcoin to the masses and getting these different areas involved in in the idea of stacking Bitcoin whether it's for his salary or just from buying. Russell Russell O king Russell O king I think is that is that this is name Russell yeah that sounds right yeah I also forget the name of the football player but he's been growing like crazy that it was a great idea to take I think maybe one year of his salary and Bitcoin and he was saying stuff like I wish I took the whole thing I wish I took the signing bonus Sailor told me to put it all in the Bitcoin and boy was he right so again sailor is making waves through his personal connections as far as Scotty Pippin number two to Michael Jordan I think I watched a short documentary about him or something seems like he's an incredible guy so carous mother came from a large family put everybody through college kind of stuff just you know wonderful you know success story worked very hard maybe even as good a player as Michael Jordan just the team of them together But I find it hard to take him as a crypto expert it's interesting to see once again that the media is not looking to say real crypto experts like perhaps Andreas Antonopoulos or someone like that they're pulling up basketball stars and I don't know reality TV stars and whoever else will talk to them they have no interest in what we have made or what others have made but still at least it's positive news for Bitcoin and Ethereum and everything else he predicted Ben arc what do you think about Scotty Pippin famous basketball player now a crypto expert I think you spot on I think if you go back three years ago two and a half three years ago on this show I said 240 K because so what I and I predicted the pump of the 20 K pump when we first went to 20 K and all you need to do is take the previous pump high and the low superimposed over the Bitcoin price and then just marry it up scale it up and then look at where the price hits and that's how I remember I remember predicting it on reddit back in the day and said look Bitcoin's going to go to 20 K because I'm just superimposed the previous pump and it went to 20 K and then I did the exact same thing a couple of years ago in 240 K's the number and it's like you just got to wait for that power ballacrum to happen whatever kicks it off we're in it now and 240 K's the number and I think because people know that 240 K's the number 233 maybe that's a better call because like people will start dumping when it gets to was 240 so I think it's actually a very I mean if that's the way in which you don't mean I'm always surprised when you have these like traders or whatever and people speculating on price or talking about where the price is going to go that so few people just do that you just take a the previous high previous low superimposed it marry up and then it's okay 240 K they go cool so yeah I think it's bottom what's what's always worked for me and I said it in the show but no we said it in the show multiple times 240 K we said like multiple multiple times of the past few years I've always just drawn a line between all the tops if you look at the top line and you think that it's going to continue up and every once in a while it does this huge up move and it lines right up with that top line and it's not a not financial advice or anything it's a triangle analysis like everyone else but it seems fine and the other thing I always think about is once Bitcoin is like worth say 100 K it's kind of always worth 100 K there's always a chance it would go back to 100 K and we're kind of seeing that now with with Ethereum everyone had lots of fun dumping on them on Twitter the Ethereum investors crying it's kind of back to where it was which is a really strong position for a stock like it was 3,800 years ago was 3,800 last week or something it's quite possible it goes up more not a financial advice and all those things and everyone hates altcoins and whatever but it does seem according to the analysis that we're going to have a huge boom in altcoins and that the cycle is going to repeat people make money in Bitcoin they put it in altcoins they make money in altcoins and I think as a third market they're going to put it in NFTs we've seen a lot of sales out of career cards recently obviously I'm interested but and there's somebody swept the floor of crypto punks they bought at 12 million a piece they bought 65 crypto punks they put a lot of money in it somebody out and they're starting to talk about NFT holding companies and NFT ETF holding companies and things like this so the financial wizards out there are finding new ways to get huge piles of money and to invest them into crypto and alt and NFTs and Bitcoin and all these things so I think a rising tide raises all boats right so it's looking good let's move on to issue four Satoshi Nakamoto's net worth Bitcoin's mysterious founder becomes the 12th richest person in the world Satoshi Nakamoto pictured here as a hooded statue in Budapest Hungary is said to have $128 billion so passing Michael Dell from famous Dell computer fame at $124.8 billion they say that Satoshi hasn't estimated one million Bitcoin still hidden behind a shroud unknown if he has control of that money or not but they say he's the 12th richest in the world Ben Ark what do you think about the incredible success of Satoshi Nakamoto whoever he she they space alien may be I mean how did they get the diamond hands the ultimate diamond hands just refusing to sell them out you know Peter Tardas done well for himself any oh boy they hit him up for some money no I was amazed that there were like people with more than a hundred and twenty four billion dollars out there in the world those 12 of them I suppose or 11 of them who had more money but yeah those coins are lost unless I mean Krike whoever Satoshi maybe unless they're the just the most disciplined persons ever existed those coins must be lost but yeah it is ultimately when Bitcoin gets to a certain like when enough of the world's economy is based on Bitcoin it's going to be a bit of an issue that Satoshi has so many coins and I'm not sure how that's going to be reconciled because people will be worried that Satoshi could dump the market and destroy the world's economy but that's for future consensus all of discussions around consensus but yeah he's the greatest diamond handering in in history Ben what do you think about the controversy of quantum computing if a new kind of computing comes out and it can crack the Bitcoin algorithm should the Satoshi coins be protected that's a very good question yeah it's a very good question it will happen now I think we've got probably longer to worry about that than than people realize because quantum computers aren't that far along but yeah it's a very good question what do you do with Satoshi's coins do you protect them do you just like dilute them destroy them or yeah like what what what the yeah I don't know I don't know the answer is I do know that there's been some great Bitcoiners you moved out Bitcoin to work on quantum computers the main idea seems to be freezing them in place so that they can't move and they can't affect the market if the coins were hacked if the coins were hacked and then sold disaster for the market as Dan mentioned early galaxy digital sold I forget not that many Bitcoin if somebody sold the Satoshi Bitcoin a huge market crash uncertainty chaos a lot of reason to freeze them even though it goes against a kind of everything Satoshi was about controlling your own money there is a good argument for like a dust completion mechanism why because I mean like we haven't got really got any blockchain which just rely entirely upon fees so rather than a minor reward so there is the idea that perhaps this Tashi coins get used as a minor reward or chip to wipe out and then it's like you know if Satoshi is still out there and has the keys then he can stop that from happening there is kind of that that that's been on it which I thought was kind of an interesting concept that eventually we get because it does improve security of the network that we'll get to a point where we just have like a steady rate of minor reward on top of the on top of the fees I don't know as I said it's for you know future consensus to earn people to worry about there's been other ideas as well on other chains like Bitcoin cash or BSV Bitcoin Satoshi's vision that the coin should be taken and returned to the rightful Satoshi which of course they meant Craig Wright which would be great for him I mean maybe we could make Bitcoin Thomas Hunts vision and return all the things I'm sorry I invented Bitcoin right there I've got the keys I just I don't know you know I don't get there in that time I'll take 10% I'll take 10% you don't have to give them all to me I'll take 10% but Dan Eve what do you think about Satoshi Nakamoto breaking into the top 12 of worlds wealthiest people but maybe the one avenue that we haven't really explored enough is that Satoshi is so freaking embarrassed that he lost his keys they're like he can't possibly come forward because because they'll think how did this idiot invent Bitcoin and then lose his private keys or you know something like that it may have been that they actually didn't actually have that much faith and he was all a bit of a front I don't know there's there's lots of possibilities right obviously the most obvious one is to have diamond hands like that you know you're already you're already you know what's the word contributing carbon to the soil right and you've passed away that's why you couldn't have possibly sold your soldier coins but the key bit the quantum thing is interesting because I mean this I think the last estimates I saw was like 30 or 40 years that we'll get that I get the quantum computing is going to reach that level at least because it's going to need hundreds of thousands of qubits or something to in order to be able to break brick coin you know addresses and we're on I think atom computing holds the record at 1,180 but what if right and and did they actually mix in with that how fast AI is is kind of is is is is kind of an eight how close we are to a a GI if we haven't already got there if the AGI helps build faster quantum compute is much faster than initially expected but most Bitcoin is at least the the clever ones that I follow seem to be pretty confident that Bitcoin's not going to be cracked for a very long time but there's there's always a side there's always a curve ball right that comes along you know there could be a breakthrough that that some AI accidentally stumbles upon like that some sort of you know increase in in in qubits and an error of corrections that that suddenly makes it all a lot faster and it kind of you know goes exponential right but yeah I don't think it's an interesting concept about taking Satoshi's coins but but yeah who who proposed that all came up with that Ben is it anyone I can't remember I just remember reading it somewhere yeah there was some like interesting alternative ways of of using Satoshi's coins where they wouldn't be like destroyed completely you know like they would sort of be chipped away out and I suppose as the price goes up then you kind of lock in in the price too as to what the Bitcoin is probably worth yeah but I'm sure there'll be some great proposals I know that the to be quantum proof and changing the crypto of Bitcoin that it requires a hard fork and that's probably the period in which it's like okay we have to become quantum proof plus what we're going to do with Satoshi's coins because we're going to do anything now's the time I suppose that there there were each time like how old he could possibly be right if we haven't cracked kind of aging there would be a point where you know if the coins aren't used after you know assuming that he was at least 20 years old when he invented Bitcoin it would you know it would have to be you know 2098 or something stupid I don't know more than that obviously 2009 right so yeah yeah like you know we have to be very late in the 20 hundreds in order to be able to think right well Satoshi's probably gone by now but what by that time we're going to have bionic bodies right we're going to have like all to sort we're going to have limber placements and all sorts of shit that Brian Johnston who's who's like doing crazy sperm experiments he's going to make us live longer maybe so but like Ben said many people have been after these treasury coins they've done the rewards things like Dashcoin had a treasury model they paid people to support Dash Zcash had the developer funding model paying people to support it they wanted to bring this to Bitcoin for a long time but people have resisted it's clearly Satoshi's property if they she it space alien has the coins or has the keys so it's a very interesting story and I don't think it's going to be the last time that we talk about it but let's move on we have a couple more issues just a really short stuff keeping up with the news according to El Salvador's government finance chiefs talking to the IMF they have not bought Bitcoin since February contradicting the bukele administration it was quite shocking when bukele came out said they made a deal with the IMF to get their loans back but against that deal he was just going to keep buying bitcoin now they say that they aren't buying it and I would also like to cover like Dan said galaxy digital allegedly sells off 30,000 bitcoin overnight sending the price below 115,000 so really quick Ben what do you think El Salvador maybe not buying like they've been saying publicly and what about this sudden market sell by galaxy digital I mean the El Salvador thing that like a bit of a philosophy because if we're further down in the article it says Ben arc hello am I here oh yeah so the bukele one was interesting because they so he's apparently stopped buying bitcoin but then they were just bringing in the bitcoin from other wallets which were held within government so it kind of feels like a bit of a fiddler so you want to get the money from the IMF you want to continue to buy bitcoin so you get these different arms of government by bitcoin and then in a way which is like less obvious or maybe or whatever and then and then you just continue to as long as you've got one bitcoin going in every month you know everyone's going to be happy and I guess there is all this MS 13 they probably have some bitcoin wallets we're so able to chip into but it means you gotta do whatever's best for his country and if that is it getting this IMF loan and maybe he's doing the ultimate strategy you know it's just getting the IMF loan buying bitcoin and it's getting whatever money you can buying bitcoin but I mean I've thought it's done really well for itself over the past couple of years since they started accumulating bitcoin so it's a bit of a success story as long as the coins you know as we always said don't end up and someone's briefcase and tries to hop in on a plane which could still happen hopefully doesn't and then on the galaxy thing like I think like everyone's got a sell point and then some of these like old old school wallets you know they want to be in the 3k club or whatever they're like you know well I'll sell it when it's worth $10 billion or the 4k club no 3k club but 10x3k club I don't know like we you know normal people are like oh when I can buy a house I'll sell some bitcoin and then people who've got tens of thousands hundreds of thousands of bitcoin they're like okay when I can buy you know a ginormous yacht and whatever or I can be in the the the 3k club then I'll sell my bitcoin so we always have this sell pressure of these like old school hudlers but I mean like that just becomes less you just have less of them over time of course right there's only so many people who've got 80,000 coins in a wallet like an OG wallet which they can dump and that's again great for the price because the price obviously buffers that out the selling pressure then the price goes nuts so it's $100 billion coin I'm not sure if they're going to join the 3k club ban or the 4k club I think they want quite a lot these days but it is a huge risk to continue buying bitcoin to say you're buying bitcoin and to risk these loans that they've just gotten back so I think it's very shocking behavior by the McKellan administration but again I'm not surprised remember the previous story we covered on the show that he said that he had you know thwarted the gangs and put them in prison it seems as though according to the articles he made deals with the gang leaders and paid them with the United States money which is another problem because the United States money is not supposed to go to gang members so that story is still developing and again Bennett we're very present here there's a possibility all of that bitcoin leaves the country in a suitcase once again you're damned if you sell it like Germany you're better off if you hold it forever but like Satoshi you've got to keep those keys and we don't know what's going to happen in El Salvador we hope for the best for the people Dan Eve what do you think about El Salvador and the galaxy digital sale so with El Salvador right it seems like you know Max Kaiser's saying they they're buying more right on a daily almost daily basis for each basis and so a bunch of other people are reporting on it so maybe maybe they are just like maybe maybe this is just the last stand against the IMF right and they like took the money they took the loan and like screw it we're never going to need a loan again like who gives a who gives a crap if we lie about it what they're going to we're going to do IMF like we're sat on billions of dollars of bitcoin what you want your money back yeah you can wait you know and so I think it's a nice little like cocky last stand last stand especially how how like arrogant the IMF were and you know the other other obviously like the Bank of International Sales settlements and stuff like Dissin like El Salvador for their bitcoin strategy and it's completely blown up in their faces now so maybe this is the last kind of you middle finger up we're going to take your money but we're going to buy it anyway and what can they do about it like they you know we can't they can't confiscate their bitcoin can they like because then I think they'll they'll ruin their reputation even more because they're already wrong about bitcoin going up and with Galaxy Digital it seems like that that amount's grown there's lots of other people now reporting that it's going to 70,000 bitcoin so another so that might be why I think the article you shared was 30,000 and I'd have heard it at 40,000 but so it sounds like there's potentially an additional but the people are adding those together and they're saying 70,000 bitcoin some people now saying they've gone bitcoin there was bitcoin monger that reported on that and we do have this report here from the BTC therapist on Twitter for what it's worth and they say 30,000 but you're right Dan it could very much be more yeah yeah think there's a few people saying it's whether that's just the numbers they're getting mixed up but it would explain why everyone was saying well it's only 30,000 bitcoin and and sorry 30,000 bitcoin and the price only dumped 115 but it could have been that the actual amount was a lot larger and maybe I mean there's quite a few new people sort of saying so whether they it's just regurgitating the same incorrect stat but the fact is that we're not through this bull run yet right we still got a long way to go maybe they're getting you know cold feet they've hit their targets as you've said but or maybe they're following that strategy right of bitcoin pumps then because Ethereum hasn't pumped that much it then pumps into Ethereum and then money Ethereum pumps then they put it into the altcoins and then when the altcoins pump they put it into the the the NFTs and it's now like a quad cycle of of that cascading money taking profits and pump putting into stuff that's got more of a run ahead of it potentially I reckon it's less cowl- I reckon it's less calculated I reckon some minor from because 2011 isn't it the wallets they didn't buy it in 2011 because you would spend like 160k on bitcoin in 2011 so they probably mind it they probably lost the keys they probably regretted losing the keys and they're like going and then it got to a certain price where they're like right I'm literally gonna dig up everything and I'm gonna find that old compute with the keys on and they found the old compute with the keys on and they're like dump dump dump dump I'm a billionaire dump dump dump dump yeah imagine being that person I bet that's about that's the story behind it yeah you want to get cash in and be like I don't want to screw up again just get rid of it please and of course ironically selling it at any time seems to be a mistake although it would be nice to be a billionaire can't argue with that that would be an incredibly gangster move though Dan if they take the IMF loans they keep buying bitcoin anyway and just give the IMF the finger we might see a sequel to that classic book confessions of an economic hitman that would be neat to see and you are very much right we should all remember that the IMF warned El Salvador that they were out of control with this bitcoin thing and they were gonna lose all their money and remember during the dip they they were underwater and everyone was riding El Salvador lost all their money micro strategy lost all their money and pointing the finger at us bit corners it's all our fault and at the whole time we're saying just hoddle that just hold that and it turns out micro strategy and El Salvador as far as we can tell from the outside did just that they held their money and they ignored this predatory loan company it would be like when uh picks up or out Disney like they'll they'll they'll take the IMF money by bitcoin I'll wait a few years and then they'll buy the IMF Disney buying Pixar was a genius move they would have been a disaster now if they hadn't so it sounds like they were buying Disney so bitcoin newscomment it sounds like there was 80,000 of this old school of this old school bitcoin yeah it's 80,000 2011 wallet yeah and now they've they've got 10,000 more to go that galaxy is still holding from it so so does the 70k does seem to be holding up it's the but maybe that the 40k was from a short while ago rather than just today I'm just trying to figure that out well I think we've reached the end of the show so we're gonna go to predictions or story of the week still a good time to give us a thumbs up down below add a comment I know we're on it a different time today um I'm traveling in Europe so it just works better to a few hours earlier here uh thanks to Dan had been uh for making it and I hope everyone's watching it later on the replay and you're giving the thumbs up in the comments and we miss you guys in the chat we hope to be back uh in the normal time zone in a couple weeks but we'll be here again uh two hours early next week uh but Dan Eve uh prediction story of the week what's going on um just gonna go with I'm gonna go with I predicts that the bitfest.uk which is still currently being organised is gonna be really good that's this November 21st to 23rd in Manchester and it's in the pendulum hotel which is the same hotel as coinfest has been since since 2017 and it was think last last coinfest was in 2022 um so um yeah so if you're anywhere in the UK around end of November 21st to 23rd get your tickets for the bitfest because I think a bunch of us will be there and uh it's gonna be really cool some good speakers there too. It's gonna be a great conference Dan and we can announce here uh that Thomas Hunt mad bitcoins will be emceeing the conference you can come here me talk and hopefully we'll have a live stream or record it for later or something so you guys can watch it on the youtube but check out bitfest at bitfest.uk and it's gonna be a great conference I hope to see you guys there it's gonna be a little cold though uh so I'm gonna bring my uh my leather jacket that I got in a thrift store in Germany it's very warm I hope you guys have warm clothes too I'm gonna bring all the long underwear I bought in Scotland too everything all the warmth uh Ben Arquay thinks story of the week prediction go ahead November in Manchester's not cold it's like anything pre-december's okay it's like post-december in the UK sucks but pre-december is still warm right November still nice so I'm getting on a plane the next day I'm like I'm there and I'm gone that's how it's gonna be gonna be like there'll be like a puff of smoke where'd bad big quince go he's gone he'd be sneezing all the way home get up one off sick um he's chilling brisket it's gonna be the best because I mean it's it's you know organized by a good friend of ours who's like probably the ultimate Bitcoin conference uh insider um and knows everyone and it's got some great names coming and yeah bitfast is gonna be absolutely outstanding so anyone in the UK anyone in Europe go to bitfast it's gonna be great um it's gonna have great workshops it's gonna have a great vibe uh it's gonna I think it's gonna be the best conference ever ever created um just because of the people the people involved and the people who are who are building the conference are just they just know what they're doing uh look at this Ben they're they're having day one noster shire they're gonna have noster shire a one-day noster conflict conference focused on exploring the power of decentralized communication privacy and free speech in the digital age that sounds great yeah we've been uh what's my story week I work to do the noster stuff so we've been like adding um so you have noster SDK is a dependency in um Alan bits now and I've been nostrifying some extensions so you can get them to lure the ballcard extension you can um breeze your card and then you can like uncap it if you need to spend some money or whatever just overnostradiums but the power of noster is really like um you can build anything so you can um yeah you can build bots and stuff so if you look at something like telegram I think the reason that was successful was because uh it was pretty easy to kind of build bots for and like useful tools for and you could just chat over them and it's so so so seeing some of that stuff happening on nosters making me incredibly I know this this sort of social media side of it is having like a bit of a something of a user slump uh more recently um but uh no the the utility of it have just been out to you know plug into this thing and then use whatever noster client you've gotten and and then DM um you know your your bank card or whatever or um but whatever you know like there's a whole bunch of interesting things you can build so that's that's probably my yeah that's probably my story the week actually on on noster um is uh having noster SDK in other bits and then is exploring that it's been a lot of fun nice and check out who's already slated to speak at noster shire at bitfest you okay Ben arc hey that's you Ben look at the multi malmy we were literally speaking about i'm in the chat so someone was saying hey do you remember that guy sold all of his bitcoins by a flight in Norway and um he wasn't he wasn't Norway as Finland and it was multi malmy uh and i want to set some beers with him and he said i regret selling those bitcoins as they have that you do mate well yeah i'd still like to shake his hand and be like i'm not worthy i'm not worthy so that's not one of the yeah yeah one of the first contributors to statochi and contribute to the bitcoin project marty malmy be great see uh crypto donkey dan gashoni oscar mario uh nathan day oh my oscar marie's dog i love oscar marie awesome so that's noster good guys there then at bitfest looks like they're gonna have peter taught don maybe dominock frisbee hey look at that mad bitcoins all right tomas voglund from an electron wallet friend of the show uh victoria jones of course friend of the show uh let's see what else we got here a min i like that guy he's good dude um so just yeah it's gonna be a great conference like ronica's gonna be there um hopefully we get some dan eeven here and look they're having day three pepe x oh i hope they have Theo also it says here on the pop-up ad you can get an early bird for 99 pounds i think that's way too cheap so you guys should go buy this for for bitfest you want to get a good deal uh help out the organizers remember the organizers of these small conferences often lose money on the conference so it's really good if you guys can buy a ticket even if you can't go buy a ticket just to support the conference but uh uh it looks like a bunch of cool guys for the pepe conference oh they're gonna have zed i know that guy uh so be cool to hang with on krypsy too from krypsy art good guy uh you can still apply to speak you can apply to exhibit at bitfest.uk they're gonna have music after party uh roots old dj roots old is gonna uh dj hey crypto raptor crypto raptor is gonna sing and rap it says here um so yeah it sounds like it's just gonna be a great conference so check out bitfest at bitfest.uk they've got children's tickets student tickets early bird tickets it's great time to get your ticket and to sport this new conference that we think is gonna be a lot of fun in manchester in november i think it's gonna be cold ben says it's not cold till December so we're right on the line of coldness and it's the week before Thanksgiving in the u.s so it should be great for everybody and every ticket is a VIP ticket it's not like the these mega huge conferences we go to and you can't see any speakers right so all of the the speakers you'll be able to bend their ear or lend their ear or whatever whatever that term is that doesn't physically assault them uh but you'll be able to speak to them and uh you know because they'll be million about the place so that's the cool thing about like uh these smaller ones is that is that you know they they don't have crazy SPIP rooms where you can't see anyone they're shrouded in mystery because they do their talk and go away so you can sort of have a beer with people at the bar and we'll have to make sure that dan even his bitquin flag return to manchester the flag waving will never stop with dan around i'll make sure i make sure i stay awake for it because i think the last time we try to do a show there i kind of fell asleep on the front on the front road i had to be relegated to the room but people will just not stop buying you drink stan and if they don't if they don't buy him for you just take him anyway yeah but yeah it's really a great time and i hope to see you guys all at bitfest at uk we're still super excited about the great time we had at meorka blockchain days just a couple of weeks ago uh it was great to meet lots of new people and see old people from last year uh you know daren uh met this new guy q uh tomas from electron wall it was there a bunch of great people that we hang out with uh seemingly every year now so shout out to meorka blockchain days and uh i'm still traveling around europe uh after meorka went to barcelona and now i'm in paris and next we can go into Amsterdam so just a little bit more of the european vocation then we'll be back on the normal back in last vegas time doing the show so thanks to everybody for joining us giving us a thumbs up down below go ahead and put a comment down below uh we always read them even though there's not that many and uh i know you probably missed the chat today because we're on at a weird time but we miss you guys in the chat too we hope to see you next week or our few weeks from now in the normal time so thanks so much for everybody for joining us until next time bye bye