WEBVTT - These Announcements Could Change Everything For Bitcoin & The US. 0:00:00.280 --> 0:00:02.840 History was just made. Now. If you were paying attention, 0:00:03.000 --> 0:00:06.520 you saw two of the three presidential candidates making a huge, 0:00:06.600 --> 0:00:10.120 historic announcement about the future of bitcoin and the United 0:00:10.119 --> 0:00:13.120 States government. And as the historic news was making headlines 0:00:13.119 --> 0:00:16.639 across the world, Kamala Harris, the third one, appeared to 0:00:16.800 --> 0:00:20.000 want to jump in with her support. But secret moves 0:00:20.239 --> 0:00:23.600 just done reveal that the Biden Harris administration is actually 0:00:23.800 --> 0:00:27.920 trying to sabotage the announcement, and even worse, preemptive moves 0:00:28.200 --> 0:00:30.680 being done are subverting the will of the people. In 0:00:30.720 --> 0:00:33.240 this video, I'm gonna break down the big news announcements 0:00:33.280 --> 0:00:36.760 that could change the world a historical parallel from about 0:00:36.760 --> 0:00:39.800 eighty years ago to see how this could change things. 0:00:39.920 --> 0:00:42.440 We're gonna look at the math behind what was proposed 0:00:42.680 --> 0:00:44.320 and what it could mean. We're gonna look at the 0:00:44.360 --> 0:00:48.479 Kamala Harris campaign seemingly abrupt about face, and then the 0:00:48.600 --> 0:00:52.160 secret rug poll showing the administrative's true colors. Now there's 0:00:52.200 --> 0:00:54.240 a lot here, right and as this race heats up. 0:00:54.360 --> 0:00:56.280 If you care about the future, then you need to 0:00:56.320 --> 0:00:58.920 see what's really going on now real quick. If you 0:00:59.000 --> 0:01:00.720 do the channel. My name is Mark and I've been 0:01:00.720 --> 0:01:05.400 making educational content about bitcoin, macroeconomics, and freedom for I 0:01:05.440 --> 0:01:07.959 don't know about seven years now. I've coached thousands of 0:01:08.040 --> 0:01:10.800 investors on navigating these markets, and I'm a partner in 0:01:10.840 --> 0:01:13.480 a bitcoin hedge fund. I was speaking at the Bitcoin 0:01:13.520 --> 0:01:16.840 conference this year, witnessing live the announcements we're going to cover. 0:01:16.959 --> 0:01:19.720 In fact, I spoke on the main stage about two 0:01:19.880 --> 0:01:22.039 hours before Trump, so I was able to get a 0:01:22.080 --> 0:01:24.760 lot of behind the scenes insider information that I'm going 0:01:24.800 --> 0:01:27.200 to share with you right now. So let's jump right in, 0:01:29.160 --> 0:01:32.040 all right, jumping right in. We are talking about what 0:01:32.120 --> 0:01:36.400 I'm calling the largest, most culturally important event happening in 0:01:36.400 --> 0:01:39.839 the world right now. Now, quantitatively, we had about twenty 0:01:39.880 --> 0:01:43.039 five maybe thirty thousand people. It's about the biggest event 0:01:43.080 --> 0:01:45.080 in the world. Now. Of course there's bigger other types 0:01:45.080 --> 0:01:48.080 of events, but not conferences. But more importantly, I call 0:01:48.120 --> 0:01:51.400 it the most largest culturally important event. And the reason 0:01:51.400 --> 0:01:54.400 why I say culturally important is because it reached across 0:01:54.560 --> 0:01:58.920 every area of life. We had the tops from each industry, 0:01:58.920 --> 0:02:01.360 the top people from Walsham, the top people from fintech. 0:02:01.680 --> 0:02:05.720 We had two of the three current presidential candidates for 0:02:05.720 --> 0:02:08.200 the United States the leader of the free world, probably 0:02:08.240 --> 0:02:10.240 the most important person in the world. We had a 0:02:10.320 --> 0:02:14.720 dozen plus senators and congressman. We had top entertainers that 0:02:14.760 --> 0:02:17.080 were there. I mean, Kid Rock showed up. We had 0:02:17.200 --> 0:02:20.720 Russell Brand there, Dave Smith, the comic, we had entertainers, 0:02:20.800 --> 0:02:24.600 you name it. Across the cultural mainstream. It was there. 0:02:24.600 --> 0:02:26.800 I mean President Trump, I mean it's a pretty big deal, right, 0:02:26.960 --> 0:02:28.520 and so this was a big deal. There was a 0:02:28.520 --> 0:02:30.520 lot of announcements coming out of it. Let's just kind 0:02:30.560 --> 0:02:33.720 of break this down. So the big news that, of course, 0:02:33.720 --> 0:02:36.520 I'm sure you're already knowing what we're talking about, is 0:02:36.560 --> 0:02:40.360 the announcement by two of the three presidential candidates, RFK 0:02:40.600 --> 0:02:44.600 Junior and Trump and what they had to say about bitcoin. Now, 0:02:44.639 --> 0:02:46.679 Bitcoin's come a long way, and if you're one of 0:02:46.680 --> 0:02:49.600 those people who still think it's like this magic Internet money, 0:02:50.120 --> 0:02:52.760 you might want to pay attention. We literally have a 0:02:52.840 --> 0:02:57.400 presidential race being run on this platform. We have Larry Fink, 0:02:57.880 --> 0:03:00.920 head of Blackrock, the largest asset manager world, on CNBC 0:03:01.000 --> 0:03:03.400 a couple of weeks ago saying that he was wrong, 0:03:03.639 --> 0:03:05.399 he changed his mind, he did the work. He thinks 0:03:05.440 --> 0:03:07.720 bitcoin is a legit asset that everyone should own. So 0:03:08.040 --> 0:03:10.440 if you don't believe Larry Fink and you don't believe 0:03:10.440 --> 0:03:13.040 Trump and RFK, you still think it's the magic interner money, 0:03:13.120 --> 0:03:15.960 well you're falling behind. But I'd still probably advise you 0:03:16.000 --> 0:03:18.480 to watch the rest of this because when you see 0:03:18.480 --> 0:03:21.359 what Kamala is doing, it might change your mind. Okay, 0:03:21.440 --> 0:03:23.480 let's talk about some of the announcements that we had. 0:03:23.520 --> 0:03:26.760 So the first up was RFK Junior, and he spoke 0:03:26.800 --> 0:03:30.280 on Friday. He went first before Trump and before other announcements, 0:03:30.280 --> 0:03:32.240 so he kind of got the first mover advantage and 0:03:32.320 --> 0:03:36.040 he vowed some really big things. He gave a great speech. 0:03:36.160 --> 0:03:37.640 We're going to link to it in the show notes 0:03:37.680 --> 0:03:39.400 down below. If you want to go watch his full speech, 0:03:39.400 --> 0:03:42.480 it's definitely worth it. He had some really good scriptwriters 0:03:42.560 --> 0:03:44.480 and he stuck to the script. I'll tell you why 0:03:44.480 --> 0:03:47.080 that's important a minute. But basically, in his talk and 0:03:47.200 --> 0:03:51.080 his speech, he vowed to make biitcoin a strategic reserve 0:03:51.400 --> 0:03:53.400 assets has been talked about quite a bit. Now what 0:03:53.400 --> 0:03:56.040 does that mean strategic reserve? Well, you hear me talk 0:03:56.080 --> 0:03:59.600 about oil for example, So we have the strategic Petroleum Reserves, 0:04:00.120 --> 0:04:03.920 the SPRS. That's what Biden was draining they're pretty much empty, 0:04:04.040 --> 0:04:06.920 not not much reserves left. He drained those to keep 0:04:07.080 --> 0:04:09.760 gas prices down that he caused through inflation. But the 0:04:09.800 --> 0:04:12.640 bitcoin strategic reserve would be like an oil strategy reserve, 0:04:12.760 --> 0:04:14.200 or it would be like the gold that we have 0:04:14.280 --> 0:04:17.240 in Fort Knox that backs up the US government. And 0:04:17.279 --> 0:04:20.120 he wants to make bitcoin a strategic reserve asset, and 0:04:20.160 --> 0:04:24.279 he calls it corruptions greatest foe. So the thing that 0:04:24.320 --> 0:04:28.679 I really enjoyed about rfk's talk is that. And actually, 0:04:28.760 --> 0:04:30.520 if I go back to some things Trump said, and 0:04:30.560 --> 0:04:31.880 even going back to some of the things that even 0:04:31.960 --> 0:04:34.279 Larry Finger from Black Croc said, they are not just 0:04:34.400 --> 0:04:37.919 giving it lip service in this they're explaining why, what 0:04:38.040 --> 0:04:41.720 are the mechanisms that drive supply and demand. You can 0:04:41.760 --> 0:04:43.800 tell that there's a real understanding about this. And so, 0:04:43.880 --> 0:04:48.680 for example, it's corruption's greatest foe. Corruption because the governments 0:04:48.720 --> 0:04:50.640 of the world, the Federal Reserve and all the governments 0:04:50.640 --> 0:04:53.560 of the world print an endless amount of money. That 0:04:53.800 --> 0:04:57.120 endless amount of money goes into forever wars. Those forever 0:04:57.200 --> 0:05:01.360 wars then become a honeypot or eruption. All that money 0:05:01.440 --> 0:05:04.480 goes to buy mansions for all these billionaires that are 0:05:05.120 --> 0:05:08.239 feeding off of this like industrial military complex for example. 0:05:08.760 --> 0:05:12.240 That's one example of many. If elected, Kennedy intends to 0:05:12.440 --> 0:05:16.960 direct the Treasury, the United States Treasury, to purchase five 0:05:17.120 --> 0:05:21.240 hundred and fifty bitcoin every single day, five hundred fifty 0:05:21.240 --> 0:05:25.200 bitcoin daily until the USM masses a reserve of four 0:05:25.760 --> 0:05:28.640 million bitcoin. It's a pretty big number, five hundred and 0:05:28.640 --> 0:05:31.040 fifty a day until we get four hundred million. Now 0:05:31.080 --> 0:05:33.240 why do those numbers make sense. I'm going to come 0:05:33.240 --> 0:05:35.560 back to the five hundred and fifty million in a minute. 0:05:35.600 --> 0:05:37.919 But for the four million bitcoin, it's not just a 0:05:38.000 --> 0:05:42.000 random number. RFK Junior wants to get the bitcoin reserve 0:05:42.160 --> 0:05:45.440 to be about equal as the gold reserve. He sees 0:05:45.480 --> 0:05:47.920 them as maybe equally important. I think he sees that 0:05:47.960 --> 0:05:50.839 bitcoin is the future, the bigger ascid have, and so 0:05:50.920 --> 0:05:52.960 he thinks that we should get bitcoin the reserves up 0:05:52.960 --> 0:05:55.280 to at least where we have the gold reserves. That's 0:05:55.320 --> 0:05:57.800 where that number comes in, the five hundred and fifty 0:05:57.800 --> 0:06:00.719 bitcoin per day, that's a that's bigger thing. We're going 0:06:00.760 --> 0:06:02.360 to get to the math of this in a minute 0:06:02.360 --> 0:06:04.159 and let you know what I think about that. A 0:06:04.160 --> 0:06:06.840 couple other key points of rfk's talk that I thought 0:06:06.880 --> 0:06:10.560 were really good was he emphasized bitcoin's role in protecting 0:06:10.680 --> 0:06:13.599 individual freedom. And so I worked on the news desk 0:06:13.640 --> 0:06:16.920 at the event during rfk's talk, and I was saying, 0:06:16.960 --> 0:06:19.520 it's not really that bitcoin is on the ballot with 0:06:19.680 --> 0:06:22.719 RFK and Trump and not Kamala. It's not that bitcoin 0:06:22.800 --> 0:06:25.719 is on the ballot. What's really on the ballot is freedom, 0:06:25.839 --> 0:06:29.279 individual freedom. Like, as people, we should be free to 0:06:29.560 --> 0:06:31.840 save our money and whatever we want to save it, 0:06:31.920 --> 0:06:35.040 and we should be free to transact and willever we 0:06:35.080 --> 0:06:38.520 want to transact it. In so it's not about bitcoin, 0:06:38.880 --> 0:06:44.080 it's about preserving the individual's right to have freedom of choice. 0:06:44.120 --> 0:06:46.160 And that's what he says right here he recounted out 0:06:46.160 --> 0:06:49.320 the Canadian Trucker's protest. The freason of the financial assets 0:06:49.320 --> 0:06:52.240 influenced his advocate. So when he saw what happened with 0:06:52.279 --> 0:06:56.360 the Canadian Trucker's protest, how a peaceful, law abiding protest 0:06:56.880 --> 0:07:00.479 was demonized by the Trudeau government and literally in accounts 0:07:00.520 --> 0:07:03.720 got frozen for even donating like on GoFundMe for example, 0:07:04.000 --> 0:07:06.440 that's what woke them up. Bitcoin made him realize the 0:07:06.440 --> 0:07:09.280 importance of financial freedom. That's something I say all the time. 0:07:09.320 --> 0:07:13.120 Without the freedom to transact, there is no freedom at all. 0:07:13.320 --> 0:07:15.760 So even though in the United States our Constitution guarantees 0:07:15.800 --> 0:07:18.360 as freedom such as the freedom to assemble, if I 0:07:18.400 --> 0:07:20.880 can't transact as in put gas in my truck to 0:07:20.960 --> 0:07:23.400 drive to the assembly, or get food when I get there, 0:07:23.480 --> 0:07:26.320 or a hotel room. Without the freedom to transact, I can't 0:07:26.320 --> 0:07:28.960 go exercise my right to assemble. We can go down 0:07:28.960 --> 0:07:32.080 the list, you understand, he said, quote I realized that 0:07:32.080 --> 0:07:36.240 transactional freedom, the freedom to transact, wasn't important, was as 0:07:36.280 --> 0:07:40.280 important as freedom of expression, because if he can't transact, 0:07:40.400 --> 0:07:43.960 he can't really express, he said in the first Amendment. 0:07:44.040 --> 0:07:48.600 He also stressed bitcoin's potential to protect personal freedoms, promote accountability, 0:07:48.640 --> 0:07:53.200 and combat government corruption. Back to corruption's biggest foe. Because 0:07:53.200 --> 0:07:56.120 of accountability, the government has so much corruption because there's 0:07:56.120 --> 0:07:59.000 no accountability. The FED won't go through an audit, the 0:07:59.000 --> 0:08:02.080 military campas through an audit, the IRS can't get their 0:08:02.120 --> 0:08:05.240 book straight. And so because there's no accountability, then it 0:08:05.240 --> 0:08:10.080 breeds corruption. Bitcoin, he says, quote is anti war. It's 0:08:10.160 --> 0:08:11.840 anti war. Sounds like a pretty good thing. To me, 0:08:11.920 --> 0:08:14.760 I'm not for forever wars. I'm certainly not for nuclear 0:08:14.760 --> 0:08:17.480 threats coming out of Russia and Ukraine in that situation, 0:08:17.520 --> 0:08:19.960 potentially the Middle East as well. He said it's an 0:08:19.960 --> 0:08:23.240 insurmountable foe of government coruption. We talked about that. Now 0:08:23.440 --> 0:08:27.760 he talks about backing the US debt with hard assets. 0:08:27.800 --> 0:08:30.360 So the gold, the gold is a hard asset that 0:08:30.480 --> 0:08:33.319 is backing assets. He wants it to include, as he says, 0:08:33.440 --> 0:08:37.640 bitcoin to stabilize the dollar and control inflation. The strategy 0:08:37.640 --> 0:08:40.840 and proposing leverages the scarcity and liquidity of bitcoin along 0:08:40.840 --> 0:08:43.880 with gold and other hard assets. So we already have gold, 0:08:44.040 --> 0:08:47.120 fordamn oil, and he just wants to add bitcoin. When 0:08:47.120 --> 0:08:49.520 you think about it in that terms, it doesn't seem 0:08:49.720 --> 0:08:54.319 that far fetched. Now. After Trump, or after RFK went up, 0:08:54.640 --> 0:08:58.080 then the next day was Trump. As I said, I 0:08:58.120 --> 0:09:00.000 was speed on the main stage a little bit before Trump, 0:09:00.200 --> 0:09:02.079 hoping to stay backstage and get a glimpse of him. 0:09:02.280 --> 0:09:04.840 Sad to say that didn't work out. The security was 0:09:05.120 --> 0:09:08.320 crazy tight at the event, Secret Surity, secret Service was 0:09:08.400 --> 0:09:11.240 all over the place and they cleared everybody out. I 0:09:11.240 --> 0:09:14.200 couldn't hang out back there. However, Trump went up, and 0:09:14.559 --> 0:09:17.079 a lot of people, including myself, thought that Trump would 0:09:17.080 --> 0:09:19.880 have to sort of one up RFK, he'd have to 0:09:19.880 --> 0:09:22.160 go even bigger. RFK said we want to get four 0:09:22.200 --> 0:09:24.120 million bitcoin. Trump's gonna have to say, well, we need 0:09:24.160 --> 0:09:27.440 five million bitcoin. But that really wasn't the case. And 0:09:27.520 --> 0:09:30.520 to be honest with you, I wasn't super impressed with 0:09:30.640 --> 0:09:34.640 Trump's presentation, partly because it seemed like he just showed 0:09:34.720 --> 0:09:37.480 up and gave like a campaign rally speech as opposed 0:09:37.520 --> 0:09:40.440 to like a talk specifically to the bitcoin crowd. Now, 0:09:40.840 --> 0:09:43.920 just for reference, the reason why both RFK and Trump 0:09:43.960 --> 0:09:46.480 both feel like they need to address the bitcoin crowd 0:09:46.480 --> 0:09:48.800 specifically is because of the size. We'll come back to 0:09:48.840 --> 0:09:50.839 the size the donations. We're gonna look at that in 0:09:50.880 --> 0:09:53.320 a minute. So based off of the size and the 0:09:53.360 --> 0:09:54.920 need and the importance of coming to talk to them, 0:09:54.920 --> 0:09:56.440 and you think he would have prepared a little bit better. 0:09:56.600 --> 0:09:58.240 Maybe he should have had someone write a speech and 0:09:58.280 --> 0:10:00.000 read the speech, but it seemed like he was just 0:10:00.200 --> 0:10:02.560 ad libbying the whole time. I'm going to link to 0:10:02.600 --> 0:10:05.120 Trump's talk down below. It's still worth a watch. It's 0:10:05.160 --> 0:10:07.840 actually kind of funny. But he did say some really 0:10:07.840 --> 0:10:10.440 good points. If you were to basically take his whole 0:10:10.480 --> 0:10:12.400 talk and edit it down to just a few minutes, 0:10:12.679 --> 0:10:14.439 it was really good. It was all the fluff in 0:10:14.480 --> 0:10:16.240 between this sort of got you distracted. But here's a 0:10:16.280 --> 0:10:19.120 couple of things. He also wants to create a strategic 0:10:19.200 --> 0:10:23.560 national Bitcoin stockpile reserve. So Trump and RFK are both 0:10:23.640 --> 0:10:25.840 on board with this. He wants to direct the US 0:10:25.880 --> 0:10:28.480 Treasury to build a reserve of bitcoin with the DOJ's 0:10:28.559 --> 0:10:31.640 current holdings. Now this is the key piece. So currently 0:10:31.920 --> 0:10:34.280 the US government is one of the largest holders of 0:10:34.280 --> 0:10:36.640 bitcoin in the world. I think about two hundred and 0:10:36.640 --> 0:10:39.559 four thousand or two hundred and ten thousand bitcoin, about 0:10:39.600 --> 0:10:42.040 one percent of all the bitcoin in the world the 0:10:42.120 --> 0:10:45.520 US government has. And what RFK and Trump both want 0:10:45.520 --> 0:10:47.960 to do is say, hey, the bitcoin that's being held 0:10:48.000 --> 0:10:50.360 currently by the Department of Justice because they've seized it 0:10:50.400 --> 0:10:53.400 from you illicted things. They want to take the bitcoin 0:10:53.440 --> 0:10:57.520 that the DOJ has and transfer it over to the Treasury. 0:10:57.720 --> 0:11:00.680 So if either one of them wins come November, they 0:11:00.720 --> 0:11:03.120 say that'll be day number one, they're going to do that. 0:11:03.440 --> 0:11:05.839 So they want to add to the stockpile. They want 0:11:05.880 --> 0:11:07.959 to direct the Treasury to build a reserve, and they 0:11:07.960 --> 0:11:10.800 want to take the dog's current holdings as its core. 0:11:11.080 --> 0:11:13.080 All right, so take the two hundred and ten thousand 0:11:13.480 --> 0:11:16.240 put into the US government's book permanently. They want to 0:11:16.400 --> 0:11:20.400 end an anti bitcoin policy. So the Biden administration, the 0:11:20.440 --> 0:11:23.520 Biden regime has literally been running literally like on an 0:11:23.600 --> 0:11:26.680 anti crypto campaign. That's what Elizabeth Warren calls it. Not 0:11:26.880 --> 0:11:28.880 mincing words here, she's been doing that. And then of 0:11:28.880 --> 0:11:32.600 course the actions speak louder than words. And he said 0:11:32.640 --> 0:11:35.160 he will fire Gary Gensler, head of the SEC that's 0:11:35.200 --> 0:11:38.400 been extremely aggressive against this technology, said to fire him 0:11:38.440 --> 0:11:41.600 on day one. The crowd had massive applause for that. 0:11:41.840 --> 0:11:44.720 He said he wants to end operation Operation Choke point 0:11:44.720 --> 0:11:46.440 two point zero. Choke point two point zero. I've talked 0:11:46.440 --> 0:11:48.720 about it quite a bit, and it's where basically the 0:11:48.800 --> 0:11:53.600 banks are choking out legal businesses because it's not fitting 0:11:53.640 --> 0:11:57.679 the Biden regime's ideology. So for example, bank accounts getting 0:11:57.679 --> 0:11:59.800 shut down because you want to transfer money to a 0:12:00.080 --> 0:12:04.000 to exchange, for example, businesses that are in the bitcoin space. 0:12:04.040 --> 0:12:06.400 For example, my fund, I have a hedge fund and 0:12:06.440 --> 0:12:08.920 it has it's called the Bitcoin Opportunity fund, and because 0:12:08.920 --> 0:12:10.920 it has the word bitcoin in it. As we were 0:12:10.920 --> 0:12:14.120 bringing an investment capital, people were having trouble getting money 0:12:14.160 --> 0:12:17.520 wired into our fund because it had that word of 0:12:17.559 --> 0:12:19.920 the name. That's an example of a choke point two 0:12:19.920 --> 0:12:22.920 point zero. And Trump said he wants to embrace stable 0:12:22.960 --> 0:12:26.000 coins for US dollar dominance. Now, for the bitcoiners, that 0:12:26.040 --> 0:12:28.680 wasn't a real big point. They didn't like the stable coins. However, 0:12:28.760 --> 0:12:30.600 I've been pretty open about it. I think the stable 0:12:30.600 --> 0:12:34.080 coins are sort of this interim step. They're very complementary 0:12:34.160 --> 0:12:36.800 to bitcoin right now, and we're seeing stable coins sort 0:12:36.800 --> 0:12:41.800 of proliferate around the world in other countries Argentina and Venezuela, Peru, Lebanon, Turkey, 0:12:42.000 --> 0:12:45.839 where their currencies are just completely collapsing. Moving to a 0:12:45.920 --> 0:12:48.520 US dollar stable coins pretty easy for them. It worked 0:12:48.600 --> 0:12:51.520 very well because they can't get physical dollars. And then 0:12:51.559 --> 0:12:53.439 he said he wants to end the development of a 0:12:53.520 --> 0:12:57.720 CBDC and block all future attempts. He said, as long 0:12:57.760 --> 0:13:01.840 as I'm president, there will be no CBDC in the 0:13:01.920 --> 0:13:04.560 United States. So again, if you take Trump's talk and 0:13:04.600 --> 0:13:06.760 you can press it down, a lot of good things. 0:13:06.880 --> 0:13:09.839 Now they both basically said the same thing, create a 0:13:09.880 --> 0:13:14.000 Bitcoin strategic reserve, and to move the two hundred and 0:13:14.040 --> 0:13:17.000 whatever four or ten thousand bitcoin, about one percent of 0:13:17.040 --> 0:13:21.959 the supply over into the US government's reserves. Okay, so 0:13:22.040 --> 0:13:23.600 that's what they're both talking about. I want to read 0:13:23.600 --> 0:13:25.600 her at therese points because we're going to come back 0:13:25.600 --> 0:13:29.719 to that. Now. After Trump, we had Senator Cynthia Lummas. 0:13:29.840 --> 0:13:32.400 Now Canthia Lummis is from Wyoming and she is a 0:13:32.400 --> 0:13:34.680 big proponent of bitwoin. She's been putting all types of 0:13:34.720 --> 0:13:37.680 bills forward. And Trump kind of was talking off the 0:13:37.679 --> 0:13:42.160 cuff like he does. Senator Lummas was very strategic and 0:13:42.320 --> 0:13:44.400 very detailed on what she wanted to do, and so 0:13:44.440 --> 0:13:47.040 she laid out a perfect bill. Now, regardless of RFK 0:13:47.280 --> 0:13:50.560 or Trump win, even if it ends up being Kamala 0:13:50.600 --> 0:13:56.319 Harris campaign or presidency, we have senators like Senator Lummis 0:13:56.440 --> 0:13:58.840 who is still putting these bills forward. So even if 0:13:59.120 --> 0:14:02.320 both of those presidents lose, well, we still have people 0:14:02.360 --> 0:14:04.760 in the government putting bills like this forward. The United 0:14:04.800 --> 0:14:08.520 States currently maintains strategic reserves in certain hard assets again oil, gold, 0:14:09.600 --> 0:14:14.160 critical to American national security, and she wants the US 0:14:14.200 --> 0:14:16.280 government to hold onto the bitcoin for twenty years. So 0:14:16.320 --> 0:14:18.120 she wants them to take the bitcoming have put it 0:14:18.120 --> 0:14:20.360 into the restatetic serves and hold it for a period 0:14:20.400 --> 0:14:24.200 of twenty years, establish a decentralized network of secure bitcoin 0:14:24.280 --> 0:14:26.880 vaults operated by the United States Department of Treasury. So 0:14:27.000 --> 0:14:29.680 they want to direct the Treasury to actually hold the 0:14:29.680 --> 0:14:34.640 bitcoin through decentralized vaults, implement a one million, much bigger 0:14:34.840 --> 0:14:39.560 one million unit bitcoin purchase program over a period of time. 0:14:40.400 --> 0:14:43.920 She wants to take five percent of the total bitcoin supply, 0:14:44.360 --> 0:14:46.680 mirroring the size and the scope of gold reserves, which 0:14:46.720 --> 0:14:48.960 puts it up to back to that million. One million 0:14:48.960 --> 0:14:51.280 is about five percent of the supply, and as she said, 0:14:51.520 --> 0:14:54.440 keep it on scope with the gold reserves paid for 0:14:54.600 --> 0:14:58.440 by diversifying existing funds within the federal reserve system. And finally, 0:14:58.600 --> 0:15:01.800 a firm self c the rights of private bitcoin holders. 0:15:01.800 --> 0:15:03.600 So some of the things we're seeing coming out of 0:15:03.640 --> 0:15:07.760 the Biden now Biden Harris regime, especially led by Elizabeth 0:15:07.760 --> 0:15:10.680 Warren on anti crypto is they're attacking the right to 0:15:10.800 --> 0:15:14.320 self custody, meaning they don't want you to own your 0:15:14.320 --> 0:15:17.200 own bitcoin. The reason why is of course, own nothing 0:15:17.200 --> 0:15:20.360 to be happy literally, in a debt based monetary system 0:15:20.360 --> 0:15:23.520 that we live in, you literally aren't allowed to own anything. 0:15:23.680 --> 0:15:26.880 So those stocks that you think you own, you know, Apple, Google, Testla, etc. 0:15:27.160 --> 0:15:29.800 You don't actually own those legally, they're owed to you. 0:15:30.040 --> 0:15:32.400 The money in your bank, it's not your money, not legally, 0:15:32.480 --> 0:15:36.720 it's owed to you. Your house, you basically rent the 0:15:36.800 --> 0:15:40.360 land by paying every single month to the property tax assessor. 0:15:40.560 --> 0:15:42.400 Don't pay that, you get kicked out like any other 0:15:42.440 --> 0:15:44.600 tenant would. And so we don't own anything. And the 0:15:44.680 --> 0:15:47.200 last thing that we can own right now is bitcoin, 0:15:47.440 --> 0:15:50.520 and they don't even want us to own that. Okay, 0:15:50.720 --> 0:15:54.360 Now all three of those Lummus, Trump, and RFK all 0:15:54.400 --> 0:15:57.680 are sort of proposing about the same thing. Now, why 0:15:57.760 --> 0:16:01.040 is this historical? Well, as I talk about quite often 0:16:01.080 --> 0:16:04.680 about every eighty years we have a financial revolution. You 0:16:04.760 --> 0:16:07.040 might have seen me use this chart many times before, 0:16:08.040 --> 0:16:10.520 and so this sort of charts out these eighty years. 0:16:10.640 --> 0:16:14.720 We're witnessing one right here. About eighty years ago we 0:16:14.760 --> 0:16:18.120 had one another eighty years so here was nineteen forty four, 0:16:18.200 --> 0:16:21.600 the Breton Woods Agreement. Here eighteen seventy three, the Panic 0:16:21.640 --> 0:16:25.200 of eighteen seventy three, Panic of seventeen ninety six, which 0:16:25.240 --> 0:16:26.760 was at the same time as the American Revolution. So 0:16:26.800 --> 0:16:29.600 about every eighty years we have this, and last eighty 0:16:29.680 --> 0:16:32.480 years ago was the Breton Woods Agreement. Now, of course 0:16:32.520 --> 0:16:36.560 that was historical where it changed the entire monetary system 0:16:36.760 --> 0:16:39.560 of the entire world. Literally, the whole world got together 0:16:39.600 --> 0:16:42.320 at Bretton Woods and agreed that the dollar would be 0:16:42.400 --> 0:16:45.240 backed by gold and all the currencies of the world 0:16:45.280 --> 0:16:48.120 would be pegged to the US dollar. And that changed 0:16:48.120 --> 0:16:51.320 the system. It put the US at the very center 0:16:51.680 --> 0:16:55.160 of the entire global monetary system, created the US dollar 0:16:55.200 --> 0:16:58.560 homogeny that we know today. Now what's interesting about this 0:16:58.640 --> 0:17:01.640 is again eighty years later, we're having another financial revolution. 0:17:02.040 --> 0:17:04.679 Now what's interesting about this is that bitcoin grew from 0:17:04.720 --> 0:17:08.120 the bottom up, all right, So basically it started with 0:17:08.160 --> 0:17:11.879 individual people, started with shadowy coders, and it started moving 0:17:11.960 --> 0:17:14.639 up into more mainstream to obviously the point that we 0:17:14.640 --> 0:17:17.000 have today in Nashville is happening right now. But it 0:17:17.000 --> 0:17:19.120 started from the bottom up. And as it went from 0:17:19.119 --> 0:17:21.760 the bottom up, from people, not from governments, but from 0:17:21.800 --> 0:17:24.399 people up. Finally it got to the government level. We 0:17:24.440 --> 0:17:28.040 had El Salvador was the first country to adopt bitcoin 0:17:28.119 --> 0:17:31.280 as its reserve standard. Now bitcoin is also at the 0:17:31.280 --> 0:17:33.520 bottom of the country stockbau right, it's one of the 0:17:33.560 --> 0:17:36.600 smallest countries in the world, poorest countries in the world. 0:17:36.760 --> 0:17:38.159 So it was the first two adopt it. So we 0:17:38.160 --> 0:17:40.439 had a people movement from the bottom up, and then 0:17:40.480 --> 0:17:43.160 El Salvador was a government from the bottom up. Now 0:17:43.280 --> 0:17:46.000 the president of El Salvador, President Buchayley, has been talking 0:17:46.040 --> 0:17:50.199 with lots of other government leaders, but other small governments, 0:17:50.240 --> 0:17:55.359 you know UAE or other small countries like that. Now 0:17:55.480 --> 0:17:59.440 what's interesting though, is it's been bottom up. However, I 0:17:59.480 --> 0:18:01.399 always thought that the US would be the last to 0:18:01.440 --> 0:18:03.320 move because of the dollar. They're the ones that have 0:18:03.359 --> 0:18:06.840 everything to lose. It's the currency of king currency. However, 0:18:07.160 --> 0:18:10.560 so if the United States moves, then every other nation 0:18:10.760 --> 0:18:13.840 is going to move, Now would they? Well, let's just 0:18:13.880 --> 0:18:16.760 see Donald Trump is favored to win sixty five percent 0:18:16.880 --> 0:18:19.399 chance and I believe he'll do what he says. That 0:18:19.480 --> 0:18:22.399 means there's about a sixty five percent chance this happens 0:18:22.440 --> 0:18:24.520 now real quickly. While I was in the Bitcoin conference, 0:18:25.840 --> 0:18:27.480 we had a lot of discussions, so we saw how 0:18:27.520 --> 0:18:30.080 this industry is literally changing right before our eyes. With 0:18:30.200 --> 0:18:33.480 big money coming in and specifically trying to move into 0:18:33.800 --> 0:18:37.040 more public plays around the bitcoin crypto space. There is 0:18:37.240 --> 0:18:38.800 big money be made. As a matter of fact, I 0:18:38.840 --> 0:18:42.280 think if you want to double, triple, even five extra 0:18:42.320 --> 0:18:44.080 net worth over the next couple of years, you are 0:18:44.119 --> 0:18:45.680 going to have your chance. As we moved through the 0:18:45.680 --> 0:18:47.560 second phase of this, I'm going to break all this 0:18:47.680 --> 0:18:49.520 down with all the data I got at the conference 0:18:49.520 --> 0:18:51.440 and you can come join me live next week. There's 0:18:51.480 --> 0:18:53.320 a link down below. I'm going to show you all 0:18:53.320 --> 0:18:55.200 the charts, aull. The graphs show you how the money's 0:18:55.280 --> 0:18:57.399 moving and how you can just play along with this 0:18:57.720 --> 0:19:00.600 to dorouble, triple, quadruple, whatever over the next couple of years. 0:19:00.640 --> 0:19:03.240 So check it out. Join me free, it's live, come 0:19:03.240 --> 0:19:06.320 hang out. All right. So anyway, moving along, So let's 0:19:06.359 --> 0:19:08.439 look at the math of this. Okay, So if we 0:19:08.440 --> 0:19:10.240 look at the math, what we can see is again 0:19:10.359 --> 0:19:14.400 they've proposed five hundred and fifty bitcoin per day. Now, 0:19:14.400 --> 0:19:17.680 what's interesting about this is the bitcoin supply. Every day 0:19:18.000 --> 0:19:20.680 we have bitcoin that's released, and what happens is over time, 0:19:20.840 --> 0:19:23.880 every four years, the supply of bitcoin being released gets 0:19:23.920 --> 0:19:26.720 cut in half. All right. That's known as the having cycle. 0:19:26.920 --> 0:19:29.879 We just had that a few months ago. Currently, right now, 0:19:30.240 --> 0:19:34.360 there's about four hundred and fifty bitcoin per day being created. 0:19:34.640 --> 0:19:37.480 That's what we call the inflation rate, right the flow 0:19:38.119 --> 0:19:40.440 the stock the existing supply to the flow the new 0:19:40.480 --> 0:19:43.320 incoming inflation rate. So four hundred and fifty they want 0:19:43.359 --> 0:19:46.400 to buy five hundred and fifty, which is more than 0:19:46.520 --> 0:19:50.159 the new supply being created now. In four years, or 0:19:50.200 --> 0:19:52.320 about three and a half years from now, this will 0:19:52.320 --> 0:19:54.240 get cut in half and it will be more like 0:19:54.240 --> 0:19:56.560 two hundred and twenty five, but they want to still 0:19:56.600 --> 0:19:59.359 continue buying five hundred and fifty per day. Now, this 0:19:59.400 --> 0:20:03.080 doesn't include all the other bitcoin that the ETFs are buying. 0:20:03.119 --> 0:20:06.080 The ETFs are buying about that same amount individuals like 0:20:06.119 --> 0:20:07.800