Bitcoin All Time Highs & The End of the Dollar’s Monopoly

[0:00] Their
[0:05] [Music]
[0:15] spirits were sunken and low.
[0:18] Their bags weighed more than a ton.
[0:22] There was neither sign nor show. When
[0:25] the ball began his run,
[0:28] the shields were shilling wall to- wall.
[0:32] The gig was up, they had their fun, and
[0:36] every short got a margin call. When the
[0:40] bull began his run,
[0:43] the candles green came fast and tall.
[0:46] Each wick was bald, quick to stun.
[0:50] His eyes burned red and his horns did
[0:53] more. When the boy began his run,
[0:59] m fortune smiles upon the need. His bags
[1:04] of gold clean in the sun.
[1:07] The outer stream of his pallet's sheet,
[1:10] and every pair is left with none.
[1:14] So be a rock.
[1:18] [Applause]
[1:20] [Music]
[1:46] [Applause]
[1:47] [Music]
[2:04] Fair warning cuz I appreciate the
[2:07] earlobes of all of my listeners. The
[2:09] earlobes, the eard drums. You guys know
[2:12] what's coming. Pause or unplug your
[2:15] headphones now.
[2:17] Three, two, one.
[2:21] Yo,
[2:25] I'm not [ __ ] leaving. They thought
[2:28] they had us down. FTX, Mount Gaus
[2:31] Regulators, choke point 2.0,
[2:36] all-time high. All-time high. Suck on
[2:40] that green candle. How about it? It's
[2:43] Monday, ladies and gentlemen. Welcome
[2:45] back to the Jack Malor Show. I call
[2:47] these mailbag Mondays. No
[2:50] advertisements, no [ __ ] straight
[2:53] signal from yours truly. You know how we
[2:56] do it. You know how we do it. So, with
[2:59] that, let's get started. I'm talking to
[3:03] you all at a Bitcoin price of $125,120.
[3:09] That puts our market capitalization as
[3:11] an ass asset class at 2.5 trillion
[3:14] cleanly on the nose. Our all-time high
[3:18] 126,160
[3:21] established today. Today, October 6,
[3:24] 2025, we are about 80 basis points from
[3:27] making a new all-time high. Bitcoin is
[3:33] worth now 31 12 ounces of gold per
[3:36] Bitcoin. And we are only 8.9% of gold's
[3:41] market cap. If Bitcoin is to equal gold,
[3:44] that implies a Bitcoin of over a million
[3:47] dollars. If Bitcoin is the better
[3:49] version of gold, the digital version of
[3:50] gold, the futures gold, we have millions
[3:54] and millions of dollars worth of
[3:55] Bitcoin, tens of millions of dollars
[3:57] worth of Bitcoin. For those of you that
[4:00] keep track in Bitcoin block height, the
[4:02] real ones, the OGs,
[4:06] the crazy ones, as Steve Jobs says.
[4:11] I'm timestamping this episode at Bitcoin
[4:13] block height 917,946.
[4:19] How the hell are we chat? It's good to
[4:21] see you. You guys like that video? I
[4:25] love these videos. What's
[4:27] Pump it up. Don't you know? Pump it up.
[4:30] You got to pump it up. Don't you know?
[4:33] Bump it up. You got to pump it up. Don't
[4:36] you know? Pump it up. You got to pump it
[4:39] up. Don't you know? It
[4:43] don't
[4:47] >> Who's having as much fun as us, chat?
[4:49] Who's having as much fun as us? Welcome
[4:51] back. Uh, no ads, only signal. Uh,
[4:56] welcome back to Mailbag Monday, episode
[4:58] 86. Let's go. Um, for those that don't
[5:02] know or are new here, this show I'm the
[5:06] CEO of two companies, okay? One is the
[5:09] third largest corporate holder of
[5:10] Bitcoin in the world. Uh, we are seeking
[5:12] to be public on a stock exchange. We're
[5:15] going to IPO the business via DSPback.
[5:17] That business is called 21. We now own
[5:20] about five half billion dollars worth of
[5:21] Bitcoin. The other business is Strike.
[5:24] equally as massive in its own right,
[5:26] leader of Bitcoin financial services
[5:28] globally. I started this show because I
[5:30] want to contribute to the public
[5:31] conversation in a way that's authentic,
[5:34] in a way that's true, in a way that
[5:36] proves signal. No ads. This show doesn't
[5:39] pay my bills. I make money by running my
[5:41] companies and the Bitcoin I've been
[5:43] buying since 2013. This show is for the
[5:46] people. It's for truth. It's for the
[5:48] world I want my kids to live in. It's
[5:50] focused on Bitcoin, money,
[5:52] macroeconomics. Okay. Okay, the show's
[5:55] blown up. Okay, we're at almost 40,000
[5:58] YouTube subscribers. My personal
[6:00] Twitter's over 500,000 subscribers.
[6:03] Strike has over 150,000 uh followers on
[6:07] Twitter. It's insane. And uh I've been
[6:10] getting pushed. I first of all, I
[6:12] traveled all last week. I see you guys
[6:14] out in the streets. I really appreciate
[6:15] it. It's the coolest thing in the whole
[6:17] world, this movement we're building. I
[6:20] saw you guys in the airport. My buddy
[6:22] got married in Charleston. I saw you
[6:24] guys in Charleston at a bar. Shout out
[6:28] you guys. Shout out all the Gen Z out
[6:30] there. They're like, "Man, I share your
[6:32] show with the friends I have. We're
[6:34] trying to make sense of this world. The
[6:35] job market screwed. We're all in debt.
[6:38] We feel like the system is against us.
[6:39] So, I love meeting you guys. I love
[6:41] giving you a hug. Shout out you guys."
[6:43] And we've created quite the movement.
[6:45] So, upon
[6:47] demand, upon further request, I've
[6:50] created a Twitch account. If you guys
[6:53] like I don't know. I'm not I never was a
[6:56] Twitch guy. I'm really bad at video
[6:58] games. I tried to play Call of Duty, got
[6:59] my [ __ ] ass kicked, got trolled out
[7:01] of the lobby. Okay, but if you like
[7:04] Twitch, I'm now streaming on Twitch.
[7:06] It's the Jack Malor. I also now have a
[7:09] Rumble account. It's a movement. Hey,
[7:12] listen. I'm not a professional
[7:14] podcaster, but we're doing something
[7:15] right over here on the Jack Mer Show.
[7:17] Okay, I have a Rumble account, the Jack
[7:20] Mer Show on Rumble. We've got YouTube,
[7:23] X, Rumble, and Twitch.
[7:28] The dollar debasement trade is going
[7:30] mainstream. Bitcoin to the moon. They
[7:32] can't stop us. They could ignore us.
[7:35] They can try and tear us down, but they
[7:37] cannot stop us. We're destiny. Okay, and
[7:41] with that, let's get into the rant.
[7:43] Today's rant, Bitcoin all-time highs and
[7:45] the end of the dollar's monopoly. It's
[7:48] all coming together. Okay, everything
[7:50] we've been talking about for a year now.
[7:52] Well, I've been talking about it for 13
[7:54] years, but really, I've been recording
[7:55] it on this channel for about a year now.
[7:59] Their only way out is to print money.
[8:01] The end of the dollar's monopoly has
[8:03] begun. The beginning is ending and the
[8:08] end is beginning. Okay, the monopoly of
[8:12] the US dollar, that chapter is closing.
[8:16] Bitcoin is breaching all-time highs.
[8:18] Bitcoin is the fastest horse in this
[8:21] race. All right, let's get into it. For
[8:23] those that want me to answer your
[8:25] questions, I do live Q&A at the end of
[8:27] the show. Please leave it in the live
[8:29] stream chats and my team will document
[8:32] it and we'll go over it at the end of
[8:34] the show. First chapter, the charts
[8:36] don't lie. Okay, this chart from
[8:39] Charlie, guys, it speaks for itself. It
[8:42] speaks for itself because I hear all
[8:44] these people on the internet, they say,
[8:46] "Well, uh, didn't didn't Bitcoin not
[8:48] necessarily outperform Ethereum if you
[8:52] clicked on the chart here and then
[8:54] there, or wait, what about that one time
[8:55] Dogecoin went up a lot?" Listen here,
[8:58] okay? Listen here. You want to prosper.
[9:02] You want to have family. You want to
[9:03] have be able to afford a home.
[9:07] Stop listening to Tik Tockers. Stop doom
[9:10] scrolling with all the low testosterone
[9:13] out there to all these day traders
[9:16] driving Lamborghinis telling you they
[9:18] know how to pick stocks at the perfect
[9:19] moment.
[9:21] Wake up. Touch grass. Look at this
[9:23] chart. Bitcoin returns from 2010 to
[9:26] 2025. That's a 15-year track record. 15
[9:30] years.
[9:31] Look at this chart
[9:35] holding Bitcoin. You've had three red
[9:38] years of 15. People ask me, "Dude, how
[9:41] do you do it? How do I do what? Win so
[9:43] much." That's what you want my you you
[9:46] want to ask me a question. You're going
[9:47] to ask me how I just do green.
[9:52] Look at that. 9900%
[9:55] 1,400%
[9:57] 186% 5500%
[10:00] 35% 125% 1300% 95 301 66 156 121 27%
[10:10] the king the fastest horse
[10:13] I'm telling you I'm telling you I'm
[10:14] telling you the charts don't lie this
[10:16] next one gold which is up 48% year to
[10:20] date Bitcoin up 31% now are top
[10:23] performing major assets so far in 2025.
[10:26] We've never seen these two in the number
[10:29] one and the number two spots for any
[10:31] calendar year. In the 15 years Bitcoin
[10:34] has been around. Gold and Bitcoin have
[10:37] never been one and two. I'm going to say
[10:39] that again. Gold and Bitcoin have never
[10:41] been one and two. What does that imply,
[10:43] guys? This is the new monetary era. I
[10:47] see all of these finance bros on all of
[10:51] the social medias. You got all these
[10:52] social medias where you got all this
[10:54] opportunity to spew all this nonsense
[10:58] and they say, "Oh, you see that? You got
[11:01] some dude in an empty closet ranting
[11:03] about Bitcoin. This is the top. Who the
[11:05] hell is that? He must be in his mom's
[11:07] house." Yeah. Okay.
[11:10] This is the end of the beginning. We are
[11:15] just getting started. And if you don't
[11:17] want to listen to me, that's fine. You
[11:19] can click on a different YouTube video.
[11:21] But I've been right for 13 goddamn
[11:24] years. Bitcoiners have been right for 15
[11:27] years. You can no longer ignore the
[11:30] charts. The charts are the truth. And if
[11:32] you've got gold and Bitcoin leading for
[11:34] the first time in the assets history
[11:37] where they've been operating together,
[11:39] that screams fiscal dominance. That
[11:43] screams fiscal emergency. That screams a
[11:46] new monetary era. That is a rotation out
[11:50] of the US dollar and US assets, guys. I
[11:53] cannot put it any clearer. I cannot put
[11:56] it any clearer. The charts do not lie.
[12:00] And I fully expect Bitcoin to rip and
[12:04] surpass gold as the top performer this
[12:07] year. Okay, let's get into that. The
[12:10] established sequence. This from
[12:12] Macroscope, which by the way, one of my
[12:15] favorite follows on Twitter. If you do
[12:17] not follow him at macroscope7,
[12:20] he is an absolute gem. The guy shoots
[12:23] like 99.9%.
[12:25] I don't know who he is. Unbelievable
[12:27] legend. Also loves El Salvador and and
[12:30] all the work that I've done there. The
[12:31] guy's unbelievable. Unbelievable. Shout
[12:34] out macroscope. And with this tweet, of
[12:36] course, he's right. The established
[12:38] sequence. Gold moves up. It outperforms
[12:41] Bitcoin for weeks or months while BTC
[12:43] quiet or drops. Two, gold's
[12:46] outperformance over Bitcoin begins to
[12:48] slow and then reverses. Three, Bitcoin
[12:51] catches up and vastly outperforms gold
[12:53] and other assets. If this gold BTC cycle
[12:56] plays out like previous ones, we've
[12:58] entered number two. We've entered number
[13:01] two. You guys know this has been my
[13:03] belief as well. And it's not a belief
[13:05] like a religion. It's not a belief like
[13:07] a bias. It's a belief because of
[13:09] experience. Guys, I've lived this. This
[13:12] is the data. This is why this chapter is
[13:13] called the charts don't lie. You got to
[13:16] deal in objective reality, right? Look
[13:19] at the data. Look at the numbers. Do the
[13:21] math. It's all this all is. Wait, how
[13:24] much debt do they have? Huh? Okay. Wait,
[13:26] how many more bitcoins can we print? Oh,
[13:29] no more. This is it. Ah, yes. Right.
[13:32] Number go up. It's math. Objective math.
[13:35] Lights came on. Wow, that was
[13:36] theatrical. My girlfriend must have just
[13:38] gotten home.
[13:40] Listen,
[13:42] I believe Bitcoin's overperformance over
[13:46] things like gold has begun. I believe we
[13:49] have entered number two. I agree with
[13:50] Macroscope. I think Bitcoin is going to
[13:53] be by far and away the fastest horse.
[13:57] Let's listen to
[14:00] the fiat maxis over at CNBC because even
[14:03] they get it. That's why I'm saying this
[14:05] is the beginning or the end. Excuse me.
[14:07] Excuse me. The end of the beginning. The
[14:10] end of the beginning because everybody
[14:12] gets it. You guys keep tweeting at me.
[14:14] Jack, they're saying the quiet part out
[14:16] loud. Jack, did you see what they said
[14:17] on CNBC? Oh yeah. Oh yeah. I didn't miss
[14:21] it. I didn't miss it. The crazy trade.
[14:25] The cooped up conspiracy theorists. The
[14:28] crazy Bitcoiners. We're not so crazy
[14:30] anymore. We're not so crazy anymore. The
[14:33] dollar debasement long Bitcoin trade is
[14:35] going mainstream. Let's listen to what
[14:36] they had to say on CNBC.
[14:41] Take us through the price action here
[14:43] because we are seeing that similar kind
[14:44] of consolidation breakout, consolidation
[14:46] breakout, but we got some kind of
[14:48] bottoming patterns that developing each
[14:50] time the consolidation happens.
[14:51] >> That's right. So, as we can tell here,
[14:52] it's very clear bullish pattern. Now,
[14:54] the only difference between this one so
[14:56] far and the previous two is we haven't
[14:58] got the full extension yet. Now there's
[15:00] a very important point here is that the
[15:02] timing of when these breakouts occurred
[15:05] which at the very beginning stages of
[15:07] the fourth quarter 2023 2024 so here we
[15:11] har again right now that's because
[15:13] there's been positive seasonality for
[15:15] bitcoin over its history over the last
[15:17] 10 years up nine
[15:18] >> in the fourth quarter especially
[15:19] >> in the fourth quarter especially October
[15:21] this is here we are now we know bitcoin
[15:22] is already up a good amount so I think
[15:24] this has ability to eventually take
[15:26] advantage of this and much higher
[15:28] >> okay so that's the regular
[15:30] gold versus the digital gold trade.
[15:33] Let's clear this and let's put the
[15:35] comparative up because the relative
[15:36] price movement can tell us something
[15:38] about maybe future performance as well.
[15:40] No guarantees of course, right? The
[15:41] disclaimer is always there. But what did
[15:43] the pattern show you? This is the course
[15:44] of the past kind of year or so. What are
[15:47] you seeing here?
[15:47] >> That's right. As we can tell coming into
[15:49] the month, it was a pretty big
[15:51] performance gap, almost 20%. Right. So
[15:53] there is a tendency to have this close.
[15:55] Now, we've seen this before as well
[15:57] where it started off very similar and
[15:59] then as gold stopped, this is when
[16:03] Bitcoin started to rally again. And of
[16:05] course, by the time you got to the
[16:06] summer months, those percentages were
[16:09] now the same again, which I think has a
[16:11] pretty good chance of happening once
[16:13] more. That could even, you know, again,
[16:14] gold moving just sideways or lower and
[16:16] Bitcoin continuing to move higher. And I
[16:18] think you you'll see that into the
[16:19] fourth quarter into the end of the year.
[16:20] >> So, we've combined all of those
[16:22] together. What we are concluding with
[16:23] this is if the historical patterns have
[16:26] played out like they have in the past,
[16:28] we could see a rally for Bitcoin and a
[16:30] consolidation phase for regular gold.
[16:33] >> Very well said.
[16:38] >> A consolidation for gold and a rally for
[16:40] Bitcoin. I fundamentally believe that is
[16:43] the case, guys. It's becoming mainstream
[16:46] consensus. The quiet part out loud.
[16:50] Next, the fiat debasement trade goes
[16:54] mainstream.
[16:56] Okay.
[16:57] Trump came out and said, "You grow
[17:01] yourself out of debt." What does that
[17:03] mean? We're going to run it hot. There's
[17:07] going to be no austerity. There's going
[17:09] to be no magical Elon cuts in Doge.
[17:12] There's going to be no magical other
[17:16] countries are going to pay our bills
[17:17] through tariffs.
[17:19] We're going to grow oursel out of this
[17:21] debt. That means we're going to print
[17:22] the money. We're going to run the
[17:23] economy high. Real rates are going to be
[17:26] negative. That means Bitcoin is going to
[17:29] the moon. That is what we are seeing,
[17:32] guys. When you see stuff like this
[17:34] growth out of debt, that means
[17:37] inflationary. For all my Gen Zers out
[17:40] there, that means buy Bitcoin. That
[17:41] means they're inflation is coming back.
[17:44] They're going to have to run it hot.
[17:45] They're going to have to print more
[17:47] money. They're going to drive the prices
[17:49] up of these things. Make sure you get
[17:52] yourself some Bitcoin. Okay.
[17:57] Bloomberg wrote, "US gold hit 1 trillion
[18:01] in value. With gold reaching record
[18:04] highs, the US gold stockpile has never
[18:08] been worth more." And I thought it was
[18:11] very notable that Bloomberg wrote this
[18:13] piece. But this is the type of [ __ ]
[18:15] guys, where people are saying, "Oh,
[18:18] well, this must be the top." Bloomberg
[18:21] is writing about how high gold is.
[18:23] Gold's gonna crash now. It's been going
[18:25] up for too long. It's like three
[18:27] straight months of green gold. Oh, this
[18:29] is the top. Did you see that? All the
[18:32] No. Want to know how I know? This is the
[18:35] market value of US official gold as a
[18:38] percentage of foreign held US
[18:39] treasuries, US debt. Guys, we're at the
[18:42] bottom.
[18:45] Tops and tops in gold are when the
[18:48] market value of US gold is like 40% of
[18:51] foreign held US treasuries or 60% of US
[18:54] held treasuries or 125%
[18:58] of US held treasuries. So, if gold
[19:02] were to go on to hit $40,000 an ounce,
[19:07] okay, yeah, it might be a top because
[19:11] the percentage of gold reserves relative
[19:13] to foreigners owning our debt would make
[19:16] sense.
[19:18] Got it. All right. You guys are saying
[19:21] my audio is running low and I can't
[19:23] ignore your messages. It's really
[19:24] bothering me. How do I
[19:32] What about now? That might be way too
[19:34] high. Is that better?
[19:38] Um,
[19:40] whatever. Not a professional podcaster
[19:42] trying to deal with audio issues here.
[19:44] The reason I know that gold is not at an
[19:48] all-time high or not at a top. It is at
[19:50] an all-time high. it's not at a top is
[19:52] simply because if you look at the gold
[19:55] value relative to the debt situation.
[19:58] Listen to me clear guys.
[20:01] This is what matters. It's all relative.
[20:05] I know that we're not used to things
[20:07] going all-time high after all-time high
[20:10] after all-time high after all-time high.
[20:15] But this is the new normal. The dollar
[20:19] has to crash. It has to go down against
[20:21] assets. The debt is out of control. The
[20:24] post 1971 dollar is dead, guys. In 1971,
[20:28] the US government divorced themselves
[20:30] from the gold standard. Divorce
[20:32] themselves from having to have any
[20:33] relationship with mother nature. You
[20:35] know, back in the day, you couldn't
[20:36] print dollars
[20:38] because you couldn't print gold that
[20:40] backed it. But now, they can. They
[20:42] started that in 1971. And it was an
[20:44] unsustainable situation
[20:48] and it's just unraveling. We're just
[20:50] getting started. Look at this chart.
[20:53] This implies that yes, the US
[20:55] government's gold position is now worth
[20:57] 1 trillion. It could grow to 10
[20:59] trillion. It could grow to 20 30
[21:01] trillion.
[21:03] They could grow their way out of the
[21:07] debt like Trump said where the gold on
[21:10] balance sheet is worth 20 trillion. The
[21:12] Bitcoin on balance sheet is worth 20
[21:14] trillion.
[21:16] Now, what is a dollar worth in those
[21:18] scenarios? No. The dollar is probably
[21:20] not getting you much gas. It's probably
[21:21] not getting you much food. It's probably
[21:23] not getting you much housing.
[21:26] But Bitcoin and gold will for sure. Sats
[21:30] will get you what you need. For sure.
[21:33] For sure. For sure. Right. You guys
[21:37] picking up what I'm putting down?
[21:39] Darization accelerates. If gold reaches
[21:42] roughly $5,500 to $5,700 an ounce, all
[21:45] else being equal, it will overtake the
[21:47] dollar as the world's largest reserve
[21:49] asset. Tokenization will further enable
[21:52] gold's integration into the global trade
[21:54] and finance. Gresham's law.
[21:57] The dollar's monopoly is ending, guys. I
[22:01] don't know how else to put it to you.
[22:03] And people think that we can do so. Back
[22:07] in 1980
[22:09] to 2000,
[22:11] Paul Vulkar,
[22:13] he was able to slam on interest rates,
[22:16] so hike rates up
[22:20] and really pause what was becoming an
[22:23] explosive gold rally o after the 1971
[22:26] divorce from the gold standard. People
[22:27] think that we could go back to that.
[22:30] People think that we have a variety of
[22:33] tools in the toolkit that oh, gold is
[22:36] running away. Oh, Bitcoin's running
[22:37] away. Oh, stock market just keeps
[22:39] hitting all-time high after all-time
[22:40] high after all-time high. They're not
[22:43] going to let this happen. This is the
[22:44] top sell before the ne next FTX bust.
[22:47] Guys, listen. I'm not here to say what's
[22:50] the top, what's not. You guys know I
[22:52] don't trade. I stay humble. I stack
[22:54] sats. I'm not here. This isn't a trading
[22:56] show. [ __ ] that. Sorry. Just not me.
[23:00] hard work, principles, morals, family,
[23:04] health,
[23:05] humble stack sats. Okay, I just buy the
[23:09] Bitcoin no matter what. I wake up every
[23:12] day. I work hard. What's the best place
[23:14] for me to store my hard work? So far,
[23:17] it's been Bitcoin. I'll wake up tomorrow
[23:18] and make that same decision.
[23:24] So, I'm not here to call tops, but what
[23:27] I will tell you is this.
[23:29] mainstream media, the greater West,
[23:32] majority of America, Europe, the West at
[23:35] large, they do not appreciate that an
[23:40] existing chapter is closing. The game
[23:43] has changed. I'm telling you guys right
[23:45] now, the game has changed. The gig is
[23:49] up.
[23:50] Okay? We need to start thinking in
[23:53] relative terms. Gold is becoming the
[23:55] largest reserve asset in the world.
[23:58] Gold is not even 20% of foreign held US
[24:03] treasuries for gold on the US balance
[24:05] sheet.
[24:07] Bitcoin is only $2.5 trillion. Bitcoin
[24:10] is still worth less than certain
[24:13] companies like Nvidia.
[24:22] We are not even close. The beginning is
[24:28] ending. From CNBC, the retail investor
[24:32] crowd has a new trade it is chasing.
[24:34] It's fueling Bitcoin and gold rallies.
[24:36] They literally published that the
[24:38] debasement trade is Bitcoin. This is the
[24:41] bank is in reference to Chase Bank. The
[24:44] bank defines it as a trade that quote
[24:47] reflects a combination of factors which
[24:49] in our client conversations range from
[24:51] elevated geopolitical and policy
[24:53] uncertainty to uncertainty about the
[24:55] longerterm inflation backdrop to
[24:57] concerns about debt debasement due to
[24:59] persistently high government deficits
[25:01] across major economies to concerns about
[25:03] Fed independence to waning confidence in
[25:06] fiat currencies in certain emerging
[25:07] markets in particular and to a broader
[25:09] diversification away from the US dollar.
[25:16] This is Chase Bank
[25:20] reported by CNBC
[25:23] about how the debasement trade has gone
[25:26] mainstream.
[25:29] Things like inflation, debasement, these
[25:32] are common knowledge terms.
[25:35] And let me let me explain because I
[25:39] recently I recently learned that a lot
[25:42] of younger folks Gen Z listen to this
[25:44] show and maybe sometimes these terms or
[25:48] these ideas aren't super well understood
[25:50] because at the end of the day it is a
[25:51] lot of hocus pocus garbage and it's a
[25:55] lot of unnecessary complication this
[25:58] financial system. So here's the deal. If
[26:02] the US government is in debt, which we
[26:05] all know they are, uncurmountable amount
[26:06] of debt, ridiculous, like no one thinks
[26:09] they can pay it back. They know they
[26:10] can't pay it back. Right? So the US
[26:12] government's in 37 trillion worth of
[26:15] debt. Okay? Now, typically
[26:18] for a normal person like you and I,
[26:22] anyone who's in debt has two options,
[26:25] only two.
[26:27] One, they could pay it back like an
[26:29] honest person. I'm in debt $20. I can
[26:34] pick up the phone and say, "Hey, where
[26:37] do you want to meet? I got your $20 I
[26:39] owe you." Right? Pay it back. My second
[26:42] option is I can default. I can pick up
[26:44] the phone and say, "Hey, I don't know if
[26:46] you're ever going to want to talk to me
[26:47] again. I'm so sorry. I know this is
[26:50] going to impact our friendship,
[26:52] but I'm defaulting on the $20 I owe you.
[26:54] I simply can't pay it back." Those are
[26:58] the two options for any normal person
[27:02] when they're in debt. What you guys have
[27:04] to understand
[27:07] is that the US government uniquely has a
[27:09] third option
[27:11] unique to them
[27:13] because they can print what they owe.
[27:19] You understand?
[27:21] They can devalue what they owe.
[27:26] And time and time again, we know the US
[27:28] government cannot afford to pay it back.
[27:30] We mathematically know they can't. We've
[27:32] walked through the economics on this
[27:34] show. They also cannot default. They
[27:37] can't pick up the phone and say, "Guys,
[27:39] in fact, a default would actually be the
[27:42] most bullish case for Bitcoin." If the
[27:43] US government said the dollar's dead,
[27:45] we're we're moving on to something else.
[27:47] Bitcoin would go to a million tomorrow.
[27:51] The only option if it's a multiple
[27:53] choice, the only option they have is to
[27:55] print what they owe. Devalue the debt. I
[27:58] used an analogy before. I know this is
[28:00] stupid, but this is like how I would
[28:02] explain it to my baby sister or
[28:04] something.
[28:06] It's, you know, if I owed someone 20,000
[28:12] Taylor Swift tickets was the analogy I
[28:14] used for my baby sister. I know it's
[28:16] dumb, but just bear with me. If I owed
[28:19] someone 20,000 Taylor Swift tickets, and
[28:21] at the time a Taylor Swift ticket was
[28:23] like $10,000. So that's like a ton of
[28:25] cash, right? A lot of tickets.
[28:28] And I was Taylor Swift. Okay. I could
[28:32] try and find the cash to to pay for
[28:34] that. I could default or I could just
[28:38] make a Taylor Swift ticket worth $1 and
[28:41] then I can afford it. Make them worth a
[28:43] penny and then I can afford it.
[28:46] Taylor Swift could print a bunch more
[28:48] tickets. Oh, these tickets, yeah, they
[28:49] seat you in the lawn outside the
[28:51] stadium. You You get a ticket into the
[28:53] parking lots. Parking lots. Parking lot.
[28:55] Not like in the stadium, but it's a
[28:57] ticket. Devalue what you owe. As long as
[29:01] what you owe is worth less, you can pay
[29:04] it back eventually.
[29:10] So going onwards and on this theme this
[29:14] is Luke the debasement trade since co
[29:16] and like we got to hammer this point
[29:18] home for you guys and for the whole
[29:20] audience this is what matters okay in
[29:23] dollars over the last five years guys
[29:26] since co five years ago in dollars the
[29:30] NASDAQ is up 165% so it's more than
[29:33] doubled the S sp is up 102%. It's more
[29:38] than doubled. Home prices,
[29:41] unfortunately, are also up 56%. So,
[29:44] those that have been in real estate have
[29:46] performed 56%. Those that can't afford
[29:48] real estate yet, it's getting much more
[29:50] unaffordable. 56% more unaffordable.
[29:56] However, guys, in gold, so if you do not
[29:59] measure the NASDAQ, the S&P, and housing
[30:03] in dollars, and you measure it in gold,
[30:08] the NASDAQ is only up 7% since COVID
[30:12] against gold. It's up 165% in dollars.
[30:16] It's only up 7% against gold. It's down,
[30:19] the S&P is down 18% against gold. not up
[30:24] a 100% down 18. And home prices fell 37%
[30:29] against gold. So if you were trying to
[30:31] get a house during COVID and you
[30:32] couldn't quite afford one, housing has
[30:34] gotten 37% cheaper just by measuring in
[30:38] a different asset, just by measuring in
[30:40] gold and not dollars. Do you understand?
[30:44] Now let's do Bitcoin.
[30:47] The NASDAQ is down 78%
[30:51] since COVID against Bitcoin. In dollars,
[30:54] it's up 165%. Against Bitcoin, it's down
[30:58] 78%.
[30:59] Stocks on the NASDAQ are 78% cheaper.
[31:03] You get a 78% discount if you simply
[31:07] used Bitcoin as your savings instead of
[31:10] dollars. Let's do the S&P. They're down
[31:13] 84%.
[31:16] The S&P is up over 100% since CO in
[31:19] dollars. It is down 84%.
[31:24] You get an 84%
[31:26] discount.
[31:28] Let's do housing.
[31:31] Ladies and gentlemen, real estate is
[31:34] down 87%
[31:38] in Bitcoin terms since COVID.
[31:43] If you have been saving in Bitcoin since
[31:47] CO,
[31:51] you get an 87%
[31:55] discount on buying a house.
[32:03] That's the debasement trade. That's why
[32:05] I started Bitcoin in 21 or excuse me,
[32:08] Strike in 21. That's what we're doing at
[32:11] Strike. That's why I get my paychecks in
[32:13] Bitcoin.
[32:15] That's why I pay my bills with my strike
[32:18] account. That's why I borrow against my
[32:21] Bitcoin to finance my life.
[32:24] The debasement trade, guys. You live
[32:28] your life on dollars, your life gets
[32:31] more expensive.
[32:35] You live your life on dollars, you get
[32:38] less housing, you get less stocks, you
[32:41] get less food, you get less vacations,
[32:45] you get less life expectancy,
[32:48] you grow less family.
[32:51] You live your life on Bitcoin, you get
[32:54] more housing, more equities, more
[32:57] family, more health, more vacations,
[33:00] more education, more everything.
[33:05] How you store your time and energy
[33:08] defines the quality of your life. The
[33:11] quality of your money is the quality of
[33:14] your life.
[33:17] The debasement trade is going
[33:19] mainstream. What we're talking about is
[33:21] going viral, guys. This is it. This is
[33:25] it. Okay?
[33:28] Let me tell you guys something. Okay?
[33:30] And I say this without like there's no
[33:33] ego in in what I'm about to say. It's
[33:37] just math. Okay? I've been living my
[33:39] life on Bitcoin for a while.
[33:42] Okay?
[33:45] If Bitcoin is going up 50% a year on
[33:50] average, so 50% kagger, that's compound
[33:53] annual growth rate. That means that my
[33:57] net worth has doubled every 18 months.
[34:01] That means Bitcoin on average doubles
[34:03] every year and a half,
[34:07] guys.
[34:09] That's the dollar debasement trade.
[34:11] That's it. Everything around me has
[34:15] gotten cheaper. And it's not just me.
[34:17] I'm not special. In fact, I'm kind of
[34:19] weird. Sit in this empty closet. I'm
[34:22] constantly. I mean, I'm a weird guy.
[34:27] It's whoever figures it all out. It's
[34:30] whoever owns Bitcoin. It's whoever takes
[34:32] the time to think for themselves, have
[34:34] their own opinion, try and make sense to
[34:35] the world. This is it. If you own
[34:39] Bitcoin, housing gets cheaper every year
[34:42] for you. Food gets cheaper every year
[34:44] for you. Oh, the vacation that you
[34:46] couldn't afford. Yeah, take your girl to
[34:48] the south of France.
[34:51] Oh, the college tuition that your kid
[34:53] couldn't get into. Wait a second. You
[34:55] don't need student loans, buddy. I got
[34:57] this.
[35:00] The house that you guys always wanted to
[35:03] raise your family in. Wait a second. We
[35:06] can do this. We can move out of this
[35:08] one-bedroom apartment in the middle of a
[35:11] dirty, crimeridden city and we can get
[35:14] ourselves some land.
[35:18] That's a Bitcoiner lifestyle. Right.
[35:21] This is Bitcoin over the last five
[35:22] years. Housing, it's down 80%.
[35:28] Food, guys, down 84%.
[35:31] Groceries are 84% off for Bitcoiners.
[35:34] This is only 5 years. If I were to make
[35:36] this 10 years or when I got into
[35:39] Bitcoin, it's down 99.9999999%.
[35:43] But here's the deal. Everyone always
[35:44] say, "Bro, I mean what? What do I What
[35:47] do you want me to rewind time to 2013? I
[35:50] couldn't have got into Bitcoin back
[35:51] then." No, I'm not asking you to do that
[35:53] actually. In fact, those words never
[35:54] came out of my mouth. What about five
[35:56] years ago? Reasonable COVID,
[36:00] right?
[36:02] The best time to buy Bitcoin was when
[36:04] Satoshi mined the first block. The
[36:06] second best time is right now.
[36:09] Okay, let's keep going.
[36:14] God damn it. What about the consumer
[36:16] price index? The consumer price index is
[36:18] down 84% against Bitcoin. So all the
[36:21] things that the government claims you
[36:22] need to live a healthy life are 84% off
[36:26] if you saved in Bitcoin. What about the
[36:27] S&P 500? 78%. What about oil, which is a
[36:31] proxy to energy? You know, energy, the
[36:34] thing you need to watch TV, take an
[36:36] Uber, fly a plane. energy. You know, the
[36:40] the story of humanity is being able to
[36:42] commercialize energy from the sun, from
[36:44] that orange thing in the sky. So,
[36:46] energy, the thing that rules our life,
[36:48] with more energy comes more prosperity.
[36:51] Yeah. Energy, access to energy has
[36:54] gotten 81% cheaper
[36:57] by saving in Bitcoin.
[37:03] Crazy.
[37:04] Absolutely crazy, guys. Paul Tudtor
[37:08] Jones says ingredients are in place for
[37:10] a massive rally before a blowoff top
[37:13] bull market. I agree with him. He says
[37:15] that it feels exactly like 1999. What
[37:18] was 1999? Well, you had the dot bubble.
[37:23] Now, the bubble for me is in the dollar.
[37:26] It's in debt. It's not in Bitcoin.
[37:31] But I agree, guys. I think that this is
[37:33] the end of the beginning. Dollar
[37:35] debasement is going mainstream. Everyone
[37:37] in their mother now knows you cannot
[37:40] save in dollars. And if you're going to
[37:41] save in something, what should you save
[37:44] in?
[37:45] Let's listen to what Paul Tudtor Jones,
[37:47] legendary billionaire investor, had to
[37:49] say.
[37:50] >> If you look at the biggest winners,
[37:52] right, the biggest winners are gold. I
[37:54] think it's up 46 47%. Bitcoin, I want to
[37:58] say it's up 50 or 60. I'm not even sure.
[38:02] There's a Morgan Stanley basket that's a
[38:04] retail flow basket that has all the meme
[38:07] stocks and it's up 67 68%.
[38:11] So, it's really what retail jumps on.
[38:15] So, crypto, digital, gold, that's
[38:17] obviously something that's very, very
[38:20] appealing.
[38:20] >> Does that mean you're jumping on all of
[38:21] that right now?
[38:22] >> Well, I'd want to have positions in all
[38:24] of it for sure.
[38:25] >> So, if you said to me, what are going to
[38:27] be the winners? Again, we have this
[38:29] race,
[38:30] >> right? The race realistically is
[38:33] certainly to the end of the year um
[38:36] because that's when everyone marks
[38:37] institutionally and then you have to
[38:39] figure out what's going to go on in next
[38:40] year. So what would I want to have? I'd
[38:43] want to have a combination of um gold,
[38:47] crypto, probably the NASDAQ. I I think I
[38:51] want to say that I've said that before
[38:54] and I think that's still the right one.
[38:56] And I think uh whatever the fastest
[38:58] horse is at this point in time probably
[39:00] has a good chance of being that on deck
[39:02] 31.
[39:07] The debasement trade's going mainstream,
[39:09] guys.
[39:11] Bitcoin's been the fastest horse for the
[39:13] last 15 years, and it's going to
[39:14] continue to be the fastest horse. The
[39:17] beginning is ending, but we're nowhere
[39:20] near the end. The end is only beginning.
[39:23] In fact, I don't even think the end has
[39:24] started.
[39:26] They have to print what they owe. They
[39:29] don't have a choice. They cannot pay it
[39:30] back. They cannot default.
[39:33] Bitcoin is the best expression of
[39:36] currency debasement. That's what we've
[39:38] been saying on this show ever since it
[39:40] started. And by the way, guys, it's the
[39:43] only expression of currency debasement
[39:45] that all of us can own.
[39:47] Here's the thing. In prior moments
[39:51] throughout human history, we all
[39:53] couldn't own the coolest real estate on
[39:55] the beach in Miami. We all couldn't own
[39:58] the nicest blocks of New York City.
[40:02] We couldn't. We couldn't own the fancy
[40:06] uh securities instruments that Goldman
[40:09] Sachs was selling to their high net
[40:10] worth client list. We couldn't own that.
[40:14] You and I, we can all own Bitcoin. All
[40:18] of us, everyone on the planet.
[40:21] It's the fastest horse that we can all
[40:23] race.
[40:27] That's what makes this different.
[40:30] We all have access to the exit door. Now
[40:33] listen and listen closely.
[40:38] The price to get out is not equal. The
[40:42] opportunity is.
[40:46] Do you understand that
[40:50] the price to exit today is $125,000?
[40:55] Tomorrow it might be 130. A year from
[40:57] now it might be $500,000.
[41:01] We all have equal access to exit.
[41:05] Everyone listening to this, you can put
[41:06] in the work. Do your own research. Start
[41:09] thinking for yourself. Take care of your
[41:11] health. Take care of your family. Work
[41:12] hard. optimized to save and store it in
[41:16] Bitcoin. You can do that. And over the
[41:18] next five years, housing might get 87%
[41:21] cheaper. Groceries might get 85%
[41:24] cheaper.
[41:29] We all have the opportunity. That's the
[41:31] most important part. But I'm not going
[41:33] to lie, not everyone can fit through the
[41:35] door.
[41:38] Your friend five years from now that's
[41:40] like, "Oh crap, you were right. They
[41:41] might be buying a million-dollar
[41:42] Bitcoin, guys,
[41:46] but the dollar to basement trade, it is
[41:48] absolutely going mainstream. And I will
[41:50] say, you know, selfplug to my own
[41:52] company strike.
[41:54] I know this is this isn't ads. It's not
[41:56] like my company's paying me. It's the
[41:58] same money, right? So, that's not a
[41:59] thing. But I live on Bitcoin. Like, I'm
[42:04] running the dollar debasement trade to a
[42:06] te. I own zero dollars. I get paid in
[42:09] Bitcoin.
[42:11] I have all my money in Bitcoin. All my
[42:14] money is in Bitcoin, my companies. So,
[42:16] equity in my businesses, Bitcoin, and I
[42:19] own this house that I'm sitting in.
[42:22] That's it. That's it. I'm running the
[42:25] dollar debasement trade and so many of
[42:27] you are too.
[42:30] And like I said, at 50% kagger, our net
[42:33] worth doubles every 18 months, every
[42:35] year and a half. things like housing.
[42:38] Like when I got into Bitcoin, my dream
[42:40] house was like a 100,000 bitcoins and
[42:43] then it was like 10,000 bitcoins and
[42:45] then it was a thousand bitcoins and then
[42:46] it was a 100 bitcoins and then it was 10
[42:50] bitcoins.
[42:53] Now you know some it depends on where
[42:55] you want to live and what your dream
[42:57] house is, but for many their dream house
[43:00] is less than five bitcoin.
[43:04] Now take the reverse. When I got into
[43:07] Bitcoin, my dream house was like a
[43:09] million bucks and then it became three
[43:13] million, 5 million, 10 million, right?
[43:18] All right, last the global exodus. So
[43:22] part for the course. I wanted to squeeze
[43:23] in a little macro here guys, but India's
[43:26] September gold silver imports nearly
[43:28] double despite record prices. So, this
[43:32] is not a retail driven frenzy. I'm
[43:35] telling you guys, I can't say it enough.
[43:37] This is different. This is the end of
[43:38] the post $71. We're entering a new
[43:41] monetary regime,
[43:43] neutral reserve currency status, open
[43:46] monetary competition. The world will
[43:48] have an open monetary competition for
[43:50] what money is the scarcest and hardest,
[43:53] what money is the most divisible, what
[43:54] money is the easiest to store, what
[43:56] money is the easiest to verify, what
[43:58] money is the cheapest to transact.
[44:00] It's going to have an open competition.
[44:02] We're living in that era.
[44:05] The post71 is dead. Foreigners are not
[44:09] buying US debt. They're rotating into
[44:11] neutral reserve assets.
[44:14] May the best money win. May the best
[44:17] money win.
[44:21] I also want to make this point for
[44:24] people that say,
[44:26] I mean, because here here's the reality,
[44:28] guys.
[44:30] The world is investing a tremendous
[44:33] amount in nondoll
[44:37] payment rails. Okay,
[44:40] so this is China's Juan dominated bulk
[44:43] commodity trade.
[44:45] Look at how fast it's growing.
[44:51] So,
[44:53] I just like there's a there's a there's
[44:55] a
[44:58] naive gullible like the world needs US
[45:01] dollar payment rails in dollars to
[45:03] operate and function and they're
[45:04] actively building so that that's not the
[45:07] case.
[45:09] So, this is from Bloomberg. China bans
[45:12] new BHP iron ore cargos
[45:16] escalating pricing dispute.
[45:20] So they banned
[45:24] cargo trade in dollars.
[45:28] Said it wasn't allowed.
[45:31] So I just want you to know like the
[45:32] dollar debasement trade is not just
[45:34] popular on CNBC and Paul Tudtor Jones.
[45:36] It's not just popular with you and I.
[45:38] It's not just popular on Twitter or on
[45:41] Instagram or Tik Tok. It's popular in
[45:43] China. It's popular in India. It's
[45:45] popular in Russia. All-time high gold,
[45:48] all-time high silver,
[45:50] record imports of gold and silver at the
[45:53] Brics nations.
[45:55] Record growth for China denominated
[45:59] payment rails globally to settle
[46:01] commodity trading. China banning US
[46:05] denominated trading for certain
[46:07] commodities.
[46:10] Okay. Then last, the apex. So, I just
[46:15] thought this was funny. But Bitcoin's
[46:17] the apex predator, okay? It's the king
[46:19] of the jungle. It's been the best
[46:21] performer. It's going to continue to be.
[46:23] And it's not because we have like the
[46:26] biggest central banks or the biggest
[46:27] militaries or the biggest that, right?
[46:29] Because you're like, "Oh man, well,
[46:30] gold, China's the gold bull and what the
[46:33] US military backs the dollar." I'll tell
[46:36] you why Bitcoin's the apex predator.
[46:37] Because it's the scarcest. Because no
[46:40] matter the amount of demand, you can't
[46:41] make any more of it.
[46:44] There's 21 million and that's it. That's
[46:48] it.
[46:50] That's it.
[46:54] Okay,
[46:55] that's why. So JP Morgan says Bitcoin's
[46:58] undervalued versus gold highlights
[47:00] significant upside to 165,000.
[47:04] Next,
[47:06] City introduces new 12-month price
[47:08] targets for digital assets. Well, [ __ ]
[47:12] [ __ ] cryptos or digital assets, just
[47:14] Bitcoin. Uh, Bear 82K, base 181, Bull
[47:19] 231.
[47:21] JP Morgan and City calling for Bitcoin
[47:24] to go 165 now 231.
[47:27] Uh, this is the apex predator, guys.
[47:31] This is the king of the jungle.
[47:35] Look at this. Bitcoin and traditional
[47:37] assets ROI. If you take away one thing,
[47:40] look at this. Bitcoin has outperformed
[47:43] gold in the SP S&P 500 every single
[47:47] year.
[47:52] If you owned it for one year, two years,
[47:55] three years, all the way to 14 years,
[48:00] it's the scarcest thing you can own and
[48:04] it's available to all of us. All of us
[48:06] have a ticket out.
[48:10] They have to devalue what they owe. They
[48:12] have to print what they owe. I promise
[48:15] you, it's going mainstream now. We're
[48:17] the crazy people at the party that were
[48:19] right.
[48:21] Called us conspiracy theorists.
[48:24] Called us nut jobs. We're right.
[48:28] I remember when buying Bitcoin made me a
[48:30] loser. Now it makes me early. We were
[48:34] right.
[48:35] And the notion that there's a competitor
[48:38] or wait, should I think about owning?
[48:39] No, you shouldn't. No, you shouldn't.
[48:42] No, you shouldn't. Simplicity is beauty.
[48:45] Keep it simple, stupid. Kiss.
[48:50] The apex predator. The king of the
[48:53] jungle. The king of the jungle.
[49:00] Um, I thought this was cool from Mr.
[49:03] Hodddle, friend of the show. Oh boy,
[49:06] we're at 116K with zero hype. This is
[49:09] going to get stupid. Yeah. So, for
[49:11] context, this is Bitcoin as a Google
[49:14] search term throughout its history.
[49:17] We're at like the lows. We're at like
[49:20] the lows.
[49:22] Again, this is more evidence of my this
[49:24] is the end of the beginning, not the
[49:27] beginning of the end.
[49:31] Gold as a percentage of foreign held US
[49:33] treasuries looks just like this chart.
[49:39] Barely noticing we're going way higher.
[49:44] They're printing way more money. We are
[49:47] just getting started.
[49:50] Okay. Strike. Listen.
[49:54] Um, the biggest thing from the strike
[49:57] side I want to tell you guys is I have a
[49:59] lot to talk about on the strike side.
[50:01] I'll keep it quickish, but the biggest
[50:03] thing I want to tell you guys is Europe.
[50:07] Update your apps and check your strike
[50:12] account. Okay, there's all sorts of
[50:14] rules that limit me on what I can and
[50:18] can't say, but obviously I see all the
[50:20] questions in the chat. When Europe
[50:22] lending, when Europe lending, when
[50:23] Europe lending. Um, now check your apps
[50:27] if you're in Europe. Um, we did it.
[50:31] That's, you know, you can ask me
[50:33] whatever questions you want and I have
[50:35] the right to answer your questions. But,
[50:37] uh, for the ones I'm seeing in the chat,
[50:40] Europe lending, Europe lending, Europe
[50:41] lending, Europe lending, when can I get
[50:43] Europe lending? Check your apps. Check
[50:45] your apps. We did it, fam. We did it.
[50:49] Um, in other strike related news, I'll
[50:52] keep this really quick. We got our
[50:55] Louisiana license, so Louisiana lending
[50:58] is now live.
[51:00] Uh, and then here are some of the stuff
[51:02] that we haven't tweeted yet, but we
[51:04] will. For Kansas, our minimums lowered
[51:08] from 72,000 to 10,000. So for Kansas,
[51:12] the new minimum is all the way down to
[51:14] 10,000. for Missouri payment at
[51:16] maturity. So the type of loan where you
[51:19] don't owe us monthly payments, but you
[51:20] can get a loan and we roll the interest
[51:22] into the principal. Meaning you owe us
[51:24] the principal plus the interest at the
[51:26] end of the loan. You don't owe us
[51:28] anything monthly. You can go off do
[51:30] whatever you want and in one year you
[51:32] owe us the money back. That's the type
[51:33] of loans I use. I get payment at
[51:36] maturity loan. So I take out a loan.
[51:38] Strike gives me the cash immediately. I
[51:40] go on I do what I need to do with the
[51:41] money and I don't owe anything.
[51:44] until a year from when I opened the
[51:46] loan. That is now available to folks in
[51:51] Missouri. Okay. To folks in Missouri.
[51:56] But the big one is Europe. Europe.
[51:58] Europe. Europe. We love you. I love
[52:00] Europe. I was just in France. I was just
[52:03] in Mayorca. Um I'm going to be in
[52:06] Amsterdam in about a month. I love
[52:09] Europe. You guys are the best. And I
[52:12] know you've been asking me every day,
[52:14] when lending, when lending, when
[52:16] lending, when lending. Uh, right now, go
[52:19] check your apps. And then for 21,
[52:23] um, listen, the government shutting down
[52:26] is unfortunate because we're seeking
[52:28] approval to go public from the
[52:31] government, but that's okay. Um, the
[52:33] coolest part about 21 as it start stands
[52:36] right now, you know, I obviously can't
[52:38] tell you certain stuff because I'm in a
[52:40] quiet period, but for what's public
[52:42] knowledge, in my opinion, the coolest
[52:44] part about 21 is that we've already
[52:47] built a Bitcoin position in escrow. So,
[52:49] a lot of these other companies, they're
[52:51] waiting to get approved to own the
[52:53] Bitcoin. Um, we are not. So, in escrow,
[52:57] you guys can go to xxi.mmeool.space.
[52:59] We do proof of reserves and we have
[53:02] about $5.5 billion of Bitcoin already.
[53:06] So incredibly impressive. Um our average
[53:09] price in acquiring that Bitcoin is a
[53:10] little over $87,000 per Bitcoin as we
[53:13] sit at $125,000 today. So really excited
[53:16] for 21. Um obviously the government
[53:18] shutdown is hilarious. Um but we're
[53:20] cooking. We're cooking and uh I can't
[53:22] wait to tell you guys a lot of stuff. So
[53:24] with that, let's get into some Q&A.
[53:26] We're just about the top of the hour.
[53:28] good hourong rant or so, give or take.
[53:30] Uh, and let me answer some questions
[53:33] probably about uh, EU lending. So, let
[53:36] me pull up my questions doc real quick
[53:40] and uh, let's get this show on the road.
[53:48] There we go.
[53:52] Okay. Uh, oh, I gotta blow my face up.
[53:57] You guys look like looking at these
[53:59] pearly whites.
[54:04] All right,
[54:06] let's go. First question. How do you
[54:09] feel about a changing monetary order in
[54:11] a world with nuclear weapons?
[54:14] [Music]
[54:17] I actually think that it's going to be
[54:18] peaceful. I don't know how much hot war
[54:22] we'll experience. Like for example, I
[54:24] was saying
[54:26] um the level of assassinations was
[54:31] rivaling the mid 1800s, which that
[54:33] obviously was when we had
[54:37] uh the Civil War here in America.
[54:40] And people were asking me, you think
[54:42] we're going to have a Civil War now? No,
[54:44] I do not think that the North and the
[54:47] South are going to create an army and
[54:51] start shooting each other in America.
[54:53] No, I don't. And even if the left versus
[54:55] the right, the red vers the blue, I do
[54:57] not believe that. I think we'll live in
[55:00] like cold war, so online threats. I
[55:04] mean, I I I do worry about safety. Like,
[55:07] I think crime rates in major cities is
[55:09] going to continue to rise. I think
[55:10] assassinations are going to continue to
[55:12] rise. I think violence will rise but not
[55:15] war. I actually think that the change of
[55:19] the post71
[55:21] is actually very anti-war. It's
[55:23] pro-safety because a lot of you know
[55:27] there's a thought that fiat supports war
[55:31] and war supports fiat. You guys know
[55:34] that back before the $71 in order to go
[55:38] to if you thought you were in threat. So
[55:40] if we wanted to just go [ __ ] someone up
[55:42] for no reason or we wanted to just go
[55:44] bully another country, you couldn't
[55:46] afford to do that because the people
[55:49] wouldn't give up their savings. People
[55:51] would only give their savings to the
[55:52] government if they felt like they were
[55:54] threatened, if their lives were at risk,
[55:57] if the country desperately needed to
[55:59] defend itself. And so on a gold
[56:01] standard, the world was a lot more
[56:03] peaceful
[56:05] because you couldn't just print money
[56:06] out of thin air. You know, the
[56:09] difference between being on a gold
[56:10] standard and a fiat standard is because
[56:13] with gold,
[56:15] you know, the the the conscious of the
[56:18] public, the opinion of the people is
[56:21] what defined whether we went to war or
[56:22] not. Now it's just the opinion of
[56:25] politician. And they can deprive wealth
[56:28] from the people. They can take wealth
[56:30] from you forcefully via inflation by
[56:32] printing money. Before you had to go in
[56:35] your basement, grab the gold and give it
[56:37] to the government. Now they print a
[56:39] bunch of money and they've taken the
[56:40] money from you just via inflation.
[56:43] So before you're getting less housing in
[56:46] the future because you gave your gold to
[56:47] the government. Now you're getting less
[56:48] housing in the future because the
[56:50] government printed money and took wealth
[56:52] from you. And so fiat is much more
[56:55] pro-war because governments can afford
[56:58] war whether it's a good idea or not,
[57:00] whether the people like it or not,
[57:02] whether the country at large supports it
[57:03] or not. And so fiat supports war. war
[57:07] supports fiat. And so if we're rotating
[57:10] out of the post71, I actually think it's
[57:13] pro peace. I actually think we'll see
[57:15] less war. I think the US is struggling
[57:17] to produce as many weapons as Russia and
[57:20] China. And I think that we're seeing
[57:24] like I saw an article I didn't I didn't
[57:26] want to lean too much into the macro.
[57:28] Bitcoin's at all-time highs. I think we
[57:30] should just talk about, you know, how to
[57:32] put on the debasement trade and exit.
[57:35] But there are a bunch of articles on how
[57:37] the
[57:39] United States is thinking about
[57:42] prioritizing itself as far as weapon
[57:45] production as opposed to anyone like
[57:48] Ukraine or anything else and that
[57:49] there's a shortage of weapons and that
[57:51] the United States wants to focus on
[57:53] itself and you can extrapolate that to
[57:55] if we're going to be if we're having a
[57:57] shortage of production because of our
[57:59] fiscal situation because of the fact
[58:01] that we've you know globalism we've
[58:03] exported our ability to do everything
[58:05] and China's putting a bunch of, you
[58:08] know, by proxy rules in place um where
[58:11] we can't use their rare earths.
[58:14] It's be a lot less weapons, a lot less
[58:16] war that we're supporting. Um I think
[58:18] you're going to see a lot more peacetime
[58:20] presidents like Trump claims he's a
[58:22] peaceime president. Um I I assume JD
[58:25] Vance will run uh next election. He'll
[58:29] he'll do the same. I bet the Democrats
[58:30] do the same. So anyways, that's my
[58:32] opinion. How do you think the US should
[58:34] also buy gold and silver like bricks?
[58:36] Oh, do you think not? How do you think?
[58:38] Do you think the US should also buy gold
[58:39] and silver? Um, yeah. I mean, I I think
[58:44] the US should buy Bitcoin. Now,
[58:46] obviously, I assume you guys know that's
[58:48] my opinion. But let me tell you the
[58:50] complication. The problem is the US runs
[58:53] a twin deficit. So, as I talked about,
[58:57] if we were a if we were a company, we
[59:02] would be running.
[59:11] Uh oh, I just got out of
[59:14] What are you saying, Dylan?
[59:23] My team said that something broke. Is is
[59:25] something broken?
[59:46] Oh, that's fine.
[59:49] Oh, yeah. Man, not a professional
[59:51] broadcaster. I'll never be able to
[59:53] figure this out. Um, do I think that the
[59:56] US should uh buy gold and uh and silver?
[60:01] I think the US should buy Bitcoin, but
[60:02] we run twin deficits. And so the problem
[60:05] is we don't have any money to buy these
[60:08] things. That's the problem. We are an
[60:12] unprofitable country. If you were to
[60:13] think like a company, we're
[60:14] unprofitable. We spend more than we
[60:17] make, than we consume, than we import.
[60:19] And so it's all optics. You say, "Yeah,
[60:22] but we can print money." Yes, the US
[60:24] could print money to buy gold and
[60:26] Bitcoin, but that would be actively
[60:28] devaluing the dollar against gold and
[60:30] Bitcoin. It would send Bitcoin to $10
[60:32] million a coin. It would send the dollar
[60:33] to zero. And the question is, is that
[60:37] what they want to do, right? At the end
[60:39] of the day, think like a politic
[60:41] politician. Your job is to get
[60:42] reelected. Your job isn't necessarily to
[60:45] solve problems. Sometimes people don't
[60:46] want solutions.
[60:48] I've always said, I can solve the US
[60:50] government's problem in 10 seconds.
[60:53] Super simple. It's as simple as
[60:58] don't be the world reserve currency. All
[61:00] the problems would solve themselves from
[61:02] there. Promote Bitcoin as the next world
[61:04] reserve currency. In a decade, majority
[61:08] of our problems would be solved. No
[61:10] problem. But is that going to get them
[61:13] reelected? That's the question. And so
[61:17] printing money to buy stuff is a quick
[61:20] way to not get reelected because
[61:21] majority of the population that doesn't
[61:23] own these things yet and owns dollars,
[61:25] you're going to rapidly inflate their
[61:27] life. All their life savings are going
[61:28] to be worthless. You're going to crash
[61:31] the current financial system as you know
[61:33] it.
[61:34] Yes, Bitcoin will go up a lot and you'll
[61:36] be able to def pay off your debt via
[61:39] default because the dollar is now
[61:41] worthless and Bitcoin and gold are to
[61:42] the moon. Look, we have $500 trillion
[61:46] dollars worth of stuff on our balance
[61:48] sheet because gold and Bitcoin are worth
[61:49] so much and the dollar is so worthless,
[61:52] but are you going to get reelected? Is
[61:54] there going to be violence in the
[61:55] streets? That's the thing. So, do I
[61:59] think they should? In principle, yeah. I
[62:01] think the US should be the biggest
[62:02] Bitcoin holder in the world. I think
[62:03] there's nothing more American than
[62:05] Bitcoin. Like the ideals that founded
[62:08] this country, Bitcoin is American
[62:10] ideals. But how do they do it is the
[62:13] question. And you see Cynthia Lumis
[62:15] supported. Well, let's revalue the gold,
[62:17] then take some of the excess cash that
[62:20] we get from revaluing the gold and buy
[62:22] Bitcoin with that. That's an option.
[62:24] That's not that is highly inflationary
[62:27] and printing money, but that's not like
[62:30] in your face printing money like the Fed
[62:32] print money to buy Bitcoin. That's not
[62:34] that necessarily. So, the question is
[62:37] how do you do it, not do you do it?
[62:40] Okay, next question. Hey Jack, I still
[62:41] don't get why stable coins will lead to
[62:43] Bitcoin going up. Please explain the
[62:45] link. Many thanks, amigo. Um,
[62:48] because more liquidity in the system.
[62:53] The the predominant use case for stable
[62:55] coins is being the reserve trading pair
[62:57] for Bitcoin. That's the use case. Um,
[63:02] you know, it's
[63:04] it the the quickest way to grow stable
[63:07] coins is to grow Bitcoin. Like if
[63:10] Bitcoin goes from 2 and a half trillion
[63:12] to 5 trillion, then the stable coin
[63:14] market cap is likely going to have to
[63:16] around double as well
[63:19] because the the most liquid trading pair
[63:23] Bitcoin has is USDT.
[63:28] Inside the United States, we have
[63:30] BTCUSD. Outside the United States, it's
[63:33] BTCUSDT.
[63:36] And and honestly, also inside the United
[63:38] States, too. So, stable coins, in
[63:41] particular, Tether is the reserve
[63:44] currency trading pair against Bitcoin.
[63:48] And so, that's the link. It's pretty
[63:50] simple is that if the US government
[63:53] wants stable coins to grow, they then by
[63:57] proxy want Bitcoin to grow.
[64:01] The US government doesn't care if
[64:02] Bitcoin goes up a lot. Right now,
[64:05] they're just trying to find ways to
[64:06] finance the government, someone to buy
[64:09] the debt. And if stable coins are the
[64:11] balance sheet that they can repress, so
[64:14] be it. That's fine. Let's go. And so the
[64:16] question is then, how do we support
[64:18] stable coins? Well, you support Bitcoin.
[64:20] That's how you support stable coins.
[64:23] The Bitcoin to stable coin market cap
[64:26] ratio is been historically somewhere
[64:28] between 2 and a half to 10.
[64:32] So, you know, if you want Scott Besson
[64:35] has said he wants stable coins to go to
[64:37] 3.7 trillion. They're at like 250
[64:39] billion right now or something like
[64:41] that. So, he wants them to more than
[64:43] 10x. Okay. So that means he wants
[64:46] Bitcoin to 25x to 100x from here.
[64:52] That implies at minimum like a $2.5
[64:55] million Bitcoin at minimum.
[64:58] It's the easiest way to do it. No doubt.
[65:02] So I guess that's the simple way. You
[65:05] know, you can get into you look at the
[65:07] volume and the liquidity profile and
[65:09] everything, but I think that's just
[65:10] that's the simple way to think about it.
[65:12] Yo, Jack, what do you think about the
[65:14] status of privacy in Bitcoin? Should
[65:16] Bitcoiners be worried about blockchain
[65:18] surveillance and consider KYC
[65:20] alternatives for parts of our stack? Um,
[65:25] it listen I I think for for one, I'm not
[65:28] worried about privacy in Bitcoin. There
[65:31] are ways to privately use Bitcoin. Um,
[65:35] should you be conscious of regulated
[65:39] services, what KYC implies for you? Of
[65:41] course, absolutely. But at the end of
[65:43] the day, again, I'm I really believe in
[65:47] the free market. I think people are
[65:49] going to
[65:51] um value what benefits them. Um if you
[65:59] if you need privacy, um you're seeking
[66:02] out privacy, like Bitcoin can offer that
[66:04] for you. There's just no doubt about
[66:06] that. Um,
[66:09] but also if you're looking for
[66:10] convenience as opposed to privacy,
[66:12] Bitcoin can offer that to you as well,
[66:14] like with something like Strike. So, um,
[66:17] I don't know how to answer the question.
[66:18] I think the status of privacy in Bitcoin
[66:20] is fine. Could it be better? Yeah, of
[66:22] course. But that's the cool thing about
[66:23] Bitcoin is it's technology. We're going
[66:25] to be working on it forever. It's not
[66:26] like a rock. We can't work on gold. We
[66:28] can't work on gold's privacy. We can
[66:30] work on Bitcoin's privacy. So, there's
[66:32] always going to be stuff to do. Bitcoin
[66:34] is going to be getting better forever.
[66:35] That's one of the coolest parts about
[66:36] it. Um, but the status of privacy in
[66:39] Bitcoin is fine. You can absolutely use
[66:41] Bitcoin privately. There are plenty ways
[66:44] to do so. I think it's fairly accessible
[66:47] and the market is going to value it
[66:50] appropriately. And what I mean by that
[66:51] is, you know, sometimes people say,
[66:55] why isn't the only thing everyone's
[66:57] working on scaling?
[67:00] Well, that's not what the market wants
[67:02] from people like me. I tried that. I
[67:05] worked on lightning for years and years
[67:07] and years and it didn't really work
[67:10] because no one gave enough of a [ __ ]
[67:13] What they really wanted was a simple way
[67:15] to buy Bitcoin, a way to borrow against
[67:17] their Bitcoin. They wanted a global
[67:19] Bitcoin company in the US but also in
[67:21] Europe. You guys wanted me to get a bit
[67:23] license. So, the market is going to
[67:26] demand where value where utility is is
[67:30] most valuable. And so I think privacy is
[67:33] still niche and I'm not saying that's a
[67:35] good thing. I think that's kind of
[67:36] unfortunate but I think it's still niche
[67:38] part of Bitcoin and uh yeah I would say
[67:42] it's good for now and if privacy is
[67:45] relevant and valuable to you um there
[67:47] are absolutely ways to achieve that and
[67:49] you can do some of your stack no KYC
[67:52] there's no problem with that. Um it's
[67:54] just again eye of the beholder.
[67:56] Uh
[67:58] what are my thoughts on stretch uh STRC
[68:02] sailor's preferred vehicle? What if
[68:05] participants all want to sell in a
[68:07] downturn? How will they keep the target
[68:08] of $100?
[68:10] Um I've kind of uh talked about sailors
[68:14] preferred uh I think in a prior Q&A
[68:17] episode. Um first of all, I don't own
[68:20] any of Micro Strategy Preferreds. I
[68:23] mean, it's the equivalent to me of
[68:24] owning fiat. Uh
[68:27] I like Sailor doesn't want to own them.
[68:30] That's why he's selling them. Like Micro
[68:32] Strategy doesn't have any Stretch on
[68:34] their balance sheet. They just have
[68:35] Bitcoin. So uh so I want to own Bitcoin.
[68:39] Sailor wants to own Bitcoin. So Stretch
[68:41] isn't for me. I don't, you know, it's
[68:44] for other people, I guess, uh that that
[68:47] don't know about Bitcoin or don't
[68:49] understand it yet. But you know, I'm not
[68:51] the target audience there. I don't own
[68:53] any. So I can't really speak to that.
[68:54] And I will say just, you know, as the
[68:56] CEO of 21, I don't think the
[69:00] uh preferreds
[69:02] um are in in their current iteration are
[69:07] that appealing to us at least
[69:10] immediately. I think there are some
[69:12] other things that we are prioritizing
[69:14] first, let's say. Um but obviously, as I
[69:17] said, I mean, one of the greatest
[69:18] blessings of strategy and what Sailor's
[69:20] done is uh is we get to learn from him.
[69:23] And so as this evolves, you know, and
[69:26] you know, we get to copy what works and,
[69:28] you know, we don't have to do what
[69:30] doesn't. And so, you know, there's we
[69:32] owe a lot for that. Um, that's a
[69:35] blessing. UAL preferred is um
[69:39] is I don't know. I don't know how the
[69:42] market's going to value that, right?
[69:43] Because you're owing. I know the
[69:45] principal doesn't come due and that's
[69:47] like a big appeal to some people but uh
[69:50] for strategy is that like you know they
[69:53] owe money but the principle never comes
[69:55] due because it's perpetual but they owe
[69:57] 10% forever. So you know if this product
[70:01] works at scale you're owing a lot of
[70:03] money forever even in a bare market and
[70:07] they don't have the money. Um, you know,
[70:09] all the only companies that could pay,
[70:11] you know, dividends like this at immense
[70:14] scale with their cash flows are like
[70:16] Nvidia or Meta or Google. I mean,
[70:18] there's like a handful of companies that
[70:20] could actually finance these without
[70:22] having to sell their common stocks. So,
[70:25] um, yeah, the preferred stuff, um, as a
[70:28] consumer, they're not for me. I don't
[70:30] want to own fiat. You give me 10% on
[70:32] fiat, I get 50% on Bitcoin. I don't I
[70:35] don't want to own fiat or or a
[70:37] derivative of fiat. And uh and yeah, for
[70:40] 21, I think we're more focused on
[70:42] producing some serious cash flow. We
[70:45] think we can be one of the biggest
[70:47] Bitcoin companies in the world. And
[70:48] that's with operating cash and uh
[70:50] building products and technology. That's
[70:52] a lot of what Tether and I bring is not
[70:54] just experience in the industry and
[70:56] massive balance sheet between Tether and
[70:58] Soft Bank and an ability to access lots
[71:00] of capital, but also um the ability to
[71:02] build stuff. We think we're a blue chip
[71:04] credible Bitcoin equity with startup
[71:07] upside. We think we're going to be able
[71:09] to deliver a lot of cash flow, a lot of
[71:11] financial services, and I think that's
[71:13] maybe more valuable for us and for
[71:15] shareholders than looking at a perpetual
[71:18] preferred where it's not clear to me how
[71:20] we would be able to finance that
[71:22] forever. Um, we would just be selling
[71:24] the stock that I'm telling you guys you
[71:27] might want to buy.
[71:28] um you know, we would need new investors
[71:32] to pay out our old investors. And so, uh
[71:35] we'll see though because obviously
[71:36] Sailor's genius and um I'm watching
[71:39] closely obviously. Um and uh we're we're
[71:43] eager to innovate when we think there's
[71:45] opportunity.
[71:47] Um okay, strike. Uh when you just
[71:50] continuously take on new loans to pay
[71:52] off the last one, does your uh debt Oh,
[71:56] I think that means debt. Does your debt
[71:58] just get progressively larger? How do
[72:00] you feel comfortable with that? Um,
[72:04] well, it's it's all relative if that
[72:07] makes sense, right? So, it depends.
[72:09] Like, yes, your debt gets larger, but
[72:13] Bitcoin's getting larger. So, it
[72:16] depends. And and you know, there's a
[72:18] really important clarification here. So,
[72:21] yes, the debt's getting larger and
[72:24] Bitcoin's growing, but also I work and I
[72:27] make income. I would say I would I would
[72:30] resonate with what you're saying a lot
[72:33] more if I was just sitting on my couch
[72:35] all day eating potato chips. But I'm
[72:38] stacking sats. So, let's say I make a
[72:40] hundred grand a year and Bitcoin is
[72:43] $100,000. I don't know, simple math. I'm
[72:45] adding a Bitcoin to my stack every
[72:47] single year. So all my paychecks
[72:50] are converted
[72:52] 100% into Bitcoin. So every single year
[72:54] the salary that I bring in is converted
[72:58] into Bitcoin and I'm not selling any of
[73:00] that Bitcoin. I'm constantly borrowing
[73:02] against it. So my Bitcoin is growing
[73:05] both because I'm working really hard and
[73:08] also because its KAGER averages 50%. And
[73:13] so even when Bitcoin goes through a bare
[73:15] market, like let's say what we saw in
[73:17] some of these charts I showed on the
[73:19] episode is Bitcoin's green year, green
[73:21] year, green year, one red year, green
[73:23] year, green year, green year, one red
[73:24] year, green year, green year, green
[73:26] year. So Bitcoin will go up three years
[73:27] in a row and I'm buying because I'm
[73:29] working hard. So I'm working I'm making
[73:31] 100 grand a year. So that's $300,000 in
[73:34] three years. I'm making buying Bitcoin.
[73:35] It's going up up up up. and then it does
[73:38] have a correction year, but I've added
[73:40] so much to my Bitcoin position because
[73:42] I've been working. So, my number one
[73:44] advice is always to try and live within
[73:45] your means. Always try and consume less
[73:48] than you're earning, right? So, you make
[73:50] more than you spend. And so, I I does
[73:55] that answer your question? Because I
[73:57] guess I understand the directional
[73:58] intent of it doesn't make you nervous
[74:01] that you're just running one giant like
[74:03] ultimately levered thing. I mean, if
[74:05] that's what I was doing, but I'm not
[74:07] doing that. I'm borrowing against a
[74:10] small percentage of my stack. I'm
[74:13] working really hard. I consume less than
[74:15] I earn as an individual. So, I make more
[74:17] money than I spend to afford my
[74:19] lifestyle and I'm constantly sweeping
[74:22] that into Bitcoin. So, yes, bare
[74:24] markets. I might need to add a little
[74:26] bit more collateral if the market really
[74:28] corrects and stays down there. But I've
[74:30] been growing that collateral because
[74:32] I've been working really hard. And that
[74:33] collateral has been growing as well,
[74:36] right? Like I watched Bitcoin go from
[74:39] $50 when I first got involved to $1,200
[74:43] and then it fell all the way down to
[74:44] $250 and everyone was like, "Oh my god,
[74:46] it's $250." But back when I got in at
[74:48] $50, it's still a 5x from when I first
[74:51] learned about it and then went from $
[74:53] 250 to 20,000. It went all the way down
[74:55] to 3,000. $3,000 when Bitcoin fell from
[74:59] 1,200. We couldn't dream of it going
[75:01] back to 3,000. Then it went from 3,000
[75:03] to 70,000 all the way to 20,000. Then it
[75:05] went from 20,000 now to 125,000. So it
[75:08] keeps growing. I keep working. So I
[75:11] don't know. Hopefully that answers your
[75:13] question. I'm I'm not I'm not doing what
[75:15] you're fearing. Yo Dylan, can you ask
[75:18] Jack when is Strike landing in Italy? Uh
[75:20] we're just waiting on Ma. So hopefully
[75:23] really really soon. I would say, you
[75:25] know, hopes before the end of the year
[75:27] there's a chance for sure. Hey Jack,
[75:30] strike question. Is the ability to add a
[75:32] spouse/authorized users to strike
[75:34] accounts on the road map? Would love the
[75:35] ability to have my wifey's paychecks
[75:37] also direct deposit to my rstrike
[75:40] account? Ooh, good question. I will ask.
[75:42] I don't believe so. We are uh working on
[75:47] um creating
[75:50] like multiple wallets within Strike
[75:52] because we know some people want a
[75:54] savings wallet and a spending wallet and
[75:57] a a wallet for future collateral for
[76:00] loans. So, we're creating that. But
[76:02] adding uh other folks to the same
[76:04] account, I don't think so, but I will
[76:07] double check that for you. I'm not I'm
[76:08] not sure. It's certainly not in the
[76:10] immediate term. Could it be a potential
[76:12] 2026? That's what I don't know. Um, but
[76:15] I'll get back to you guys on that. Hi
[76:17] Jack, thanks for all your content. Are
[76:19] you going to do a webinar on how to use
[76:21] Strike and utilize spending and
[76:23] borrowing against your Bitcoin stack?
[76:25] Honestly, that's not a bad idea. I was
[76:27] going to do a video, like just record a
[76:29] video. It'd be pretty in-depth of just
[76:31] how I use Strike. I actually have some
[76:33] developments on my personal banking
[76:35] situation you guys will learn about this
[76:36] week.
[76:38] um the fiat maxis, the suits, Wall
[76:42] Street's been coming after your boy.
[76:44] They've declared war. And so, yes, I
[76:47] live on strike. Like, officially, it's
[76:50] the only place that will bank me. And uh
[76:53] it's pretty sick, honestly, because
[76:55] Bitcoin goes up 50% a year, means it
[76:58] doubles every year and a half. And uh
[77:00] I've been able to build the debasement
[77:03] trade productized, you know, we've
[77:05] productized the debasement trade. So I
[77:08] will make a video when I do have the
[77:09] time on how exactly I do that. And it's
[77:12] many of our customers at this point. So
[77:14] many people do it as well. And we're
[77:17] even looking at expanding the product to
[77:20] make it even better for you guys. Like
[77:22] what if you know instead of having to
[77:25] open 12-month term loans, we gave you
[77:27] line of credit against your Bitcoin.
[77:29] What if we built a Bitcoin
[77:31] collateralized credit card? Um, so I
[77:33] think it's only going to get better and
[77:35] yes, I will definitely work on content.
[77:37] Should I do is a webinar like a live
[77:39] stream basically? I don't even know what
[77:41] the definition is technically, but I I
[77:44] plan on doing some content. Absolutely.
[77:47] Um, okay. When it comes to EU lending,
[77:50] where are you live? Uh, where are you
[77:52] live and what are the minimums? Any more
[77:54] you can tell us about the product?
[77:57] Um,
[77:59] you asked, so I'm pretty sure I can tell
[78:04] you.
[78:06] Uh,
[78:10] oh, joint accounts are a part of the
[78:12] 2026 uh road map. Just heard from
[78:15] product. So, yes, to answer the question
[78:17] above, um, spouses and authorized users
[78:21] getting access to strike accounts. Uh,
[78:23] that is part of our roadmap. So, it's
[78:25] coming. Um,
[78:28] where are we live? Let me pull up
[78:32] uh
[78:34] the very detailed answer here so that I
[78:37] can
[78:39] uh
[78:52] Oh, perfect. That's what I was looking
[78:53] for. Shout out man Willow.
[78:56] Okay,
[78:59] where are we live?
[79:01] Um, we are live. So, there's loans for
[79:05] individuals, there's loans for
[79:07] businesses.
[79:10] It's a $100,000 minimum for individuals
[79:13] for now. for now. Mind you, this is
[79:16] where we we got uh this is how we got
[79:20] started for um US. Roll it out slowly.
[79:25] The minimums will come down, so don't
[79:26] get too upset. But $100,000 $100,000
[79:29] euro, excuse me. What am I saying?
[79:30] $100,000 euro minimum for individuals
[79:34] and 10,000 euro minimum for businesses.
[79:38] Okay.
[79:39] Now, where are we live?
[79:42] Austria live for individuals and
[79:45] businesses. Belgium individuals and
[79:47] businesses. Croatia, individuals and
[79:49] businesses. Cyprus, individuals and
[79:51] businesses. Czech Republic individuals
[79:53] and businesses. Denmark individuals and
[79:56] businesses. Estonia individuals and
[79:58] businesses. France individuals and
[80:00] businesses. Finland individuals and
[80:02] businesses. Germany individuals and
[80:04] businesses. Greece individuals and
[80:07] businesses. Iceland individuals and
[80:09] businesses. Likenstein, individuals and
[80:11] businesses. Lithuania, individuals and
[80:14] businesses, Luxembourg, individuals and
[80:16] businesses, Malta, individuals and
[80:18] businesses, Netherlands, individuals and
[80:21] businesses, Norway, individuals and
[80:23] businesses, Poland, individuals and
[80:25] businesses. Portugal, individuals and
[80:28] businesses, Sweden, individuals and
[80:30] businesses. Ireland, Latvia, Slovakia,
[80:34] and Slovenia, only businesses for now.
[80:38] only businesses for now. And then we are
[80:40] working on imminently Switzerland,
[80:43] Bulgaria, Hungary, Italy, Romania,
[80:46] Spain, and the UK. Those are coming, but
[80:48] not yet available for individuals or
[80:50] businesses. Okay, you guys asked, so I
[80:54] gave you the answer.
[80:58] Hands are where you can see them. I'm
[81:00] innocent.
[81:02] I'm innocent.
[81:04] But that's EU lending. We could not be
[81:06] more in more uh excited. And uh let's
[81:11] [ __ ] go. So to summarize, 21
[81:14] countries for consumers, 25 countries
[81:16] for businesses, 100,000 euro minimum for
[81:19] consumers, 10,000 euro minimum for
[81:21] businesses. If you guys need our help on
[81:24] anything, we have support in our strike
[81:27] private team 247 around the clock to
[81:30] help you out. Just reach out to us. Just
[81:32] reach out to me. We are more than happy
[81:34] to help you. White glove service for
[81:36] large transactors or even just minimums,
[81:40] customers that just have questions, need
[81:42] help. So, if you go into your app,
[81:44] you'll be you'll be able to see if
[81:45] you're eligible as a European customer
[81:48] and you'll be able to figure it out. So,
[81:51] it should be pretty straightforward and
[81:53] uh huge milestone for us.
[81:56] Huge milestone for us. So, I I can only
[81:58] talk about it when you guys ask me. So,
[82:01] you ask me whatever questions you want
[82:02] and I can answer your questions. Um, but
[82:06] I cannot like uh go out and market it as
[82:10] aggressively yet. There's just a lot of
[82:12] rules in Europe. Europe loves their
[82:14] rules. They got a lot of rules over
[82:15] there. So, just trying to follow the
[82:17] rules.
[82:19] Um, okay. Yo, Jack Strike is
[82:22] pound-for-pound the best Bitcoin
[82:23] platform in my mind as well. Shout out
[82:26] to you. Thank you. Me and the gang all
[82:29] use it for our DCA buys and we love it.
[82:32] Will we soon be able to change the time
[82:34] of our DCA?
[82:36] Uh
[82:43] oh, I see all you guys in the chat
[82:46] saying it's not live in Germany. It's
[82:48] not live in blah blah blah. You're a
[82:49] liar. I'm not a liar. Um just update the
[82:53] app. So if you do not see the actually
[82:58] ask me a question don't for for people
[83:01] that says say it's not live in Germany
[83:03] can you ask me hey Jack is it live in
[83:06] Germany I can't see it put it in the
[83:08] chat so that I can properly answer
[83:20] following the rules. following the
[83:22] rules, being a good boy.
[83:30] Okay, so for those all asking, hey Jack,
[83:34] we don't see it in Germany. You're a
[83:36] liar. No, no, no, no. Update your app.
[83:40] So for those that are seeing issues.
[83:43] Yes, there it is. Is it live in Germany?
[83:45] Is it live in Germany? It is live in
[83:47] Germany. It is live in Germany. You just
[83:49] have to update the app. So, for a lot of
[83:51] you in the app store, make sure you're
[83:53] on the latest version. Okay? Make sure
[83:55] you're on the latest version. And it
[83:57] will be available in everywhere I said
[84:00] it is. Okay? 21 countries for
[84:02] individuals, 25 countries for
[84:04] businesses. You guys can go, you can
[84:06] clip this clip if you want to answer
[84:08] other people's questions because I was
[84:10] just answering your question. Um, and
[84:12] we're going to continue. I still believe
[84:14] before the end of the year, we'll have
[84:16] almost if not all of the United States.
[84:18] We'll have hopefully like we already
[84:21] have a ton of Europe. We'll continue to
[84:23] expand. We'll continue to bring the
[84:25] minimums down. We're looking at line of
[84:26] credit. It's going to be a lot of fun.
[84:27] So, we're just going to keep going. Just
[84:29] going to keep going. Um Okay. Uh can you
[84:33] edit the time of uh your DCAs? Um I
[84:38] don't know what you mean by that. So,
[84:39] like when they trigger. Um, so you can
[84:42] have multiple DCAs. You can edit the
[84:44] amount of the DCA. You want to edit the
[84:46] time of the DCA. I don't believe you
[84:48] can. Um, although I personally have
[84:51] never tried, not going to lie. Um, but
[84:55] uh
[84:56] but uh
[84:59] I will ask. I don't believe you can if
[85:02] you want, by the way. Um, if you're
[85:05] having issues. Okay, let's go. Next
[85:07] question.
[85:10] Uh,
[85:12] how will the government shutdown affect
[85:14] 21?
[85:16] Uh, we hoped Q4. Could that move to Q1?
[85:19] I would say, listen, it's not up to me.
[85:22] The government shutdown affects 21
[85:24] because the SEC is the government and
[85:27] we're seeking their approval. So, if
[85:29] they are shut down, they can't approve
[85:31] us. So, I'll leave it with that. But no,
[85:34] I do not think I if I had to if I was a
[85:37] betting man, I would bet on Q4. I I
[85:40] think once the SEC is back and open, um
[85:44] you know, we we've we've been we're
[85:46] pretty far along in our process. Uh
[85:48] we've already issued press releases
[85:50] about um our S4 and everything. So, um
[85:53] we're we're pretty far along. Um, so I'm
[85:56] hopeful that it's uh fairly imminently,
[85:59] but um the government shutting down
[86:01] impacts us because we're seeking the
[86:04] government's approval to go public and
[86:06] so they can't approve us if they're shut
[86:07] down.
[86:09] Uh what is a malers? A malers is you're
[86:12] looking at a malers. A malers is uh my
[86:15] family. That's my last name. So, I guess
[86:18] a malers is me and everyone else that
[86:22] shares my last name um is a malers. I
[86:25] don't know if there are any other malers
[86:27] that aren't my family. Fairly unique
[86:29] last name, but uh that's a malersour.
[86:34] Um
[86:39] people say, oh, this is a good last
[86:42] question. People say concentration is
[86:44] how you get rich and diversification is
[86:46] how you stay rich. Do you ever see
[86:48] yourself diversifying? I don't know who
[86:50] said that, but I don't believe them. I
[86:52] think first of all, how you get rich and
[86:56] how you stay rich are the same. Like
[86:59] there's no there's no such thing as like
[87:01] what like getting rich is producing
[87:05] value for the world. That's how it
[87:07] should be is that you know if money is
[87:10] time, energy, uh value, work, labor
[87:14] abstracted into a market good, then
[87:16] getting rich is accumulating,
[87:19] you know, time, energy, value, effort,
[87:22] labor in excess, meaning you're
[87:26] providing an excess amount of value for
[87:29] those around you
[87:31] compared to the value that you're
[87:33] consuming to produce it. So, you're
[87:35] running an extremely profitable thing.
[87:37] So, that's how you get rich. Okay.
[87:41] How you stay rich is then to do
[87:43] something different than that. I don't
[87:45] understand that. That doesn't make any
[87:46] sense. That's a fiat mindset. It's a
[87:48] fiat mindset to be like, "Oh, yeah. How
[87:50] you get rich is to concentrate on
[87:52] producing an incredible amount of value.
[87:54] But how you stay rich is you follow this
[87:56] dude on TikTok." [ __ ] that. That's so
[87:59] stupid and it doesn't make any sense to
[88:00] me. So, no, I don't plan on ever
[88:02] diversifying. I think diversifying is
[88:04] taking money out of the winner and
[88:05] allocating it to like a bunch of losers.
[88:08] I've showed you guys the scoreboard.
[88:10] It's Bitcoin, Bitcoin, Bitcoin, Bitcoin,
[88:12] Bitcoin. Why would I not why would I
[88:14] diversify out of the winner? Doesn't
[88:16] make any sense to me.
[88:20] I own winners. I produce value. So, I
[88:23] will never ever ever ever ever
[88:27] diversify out of winners. I will only do
[88:29] it if Bitcoin is no longer the winner.
[88:31] So, I don't know. I think people that
[88:33] say that are very fiat. Oh, I uh I own
[88:37] 17% of my portfolio is in bonds. Uh 37%
[88:40] of my portfolio is in equities. Uh I own
[88:43] this one ETF that uh no, go [ __ ]
[88:46] yourself. Just own Bitcoin. It's pretty
[88:48] simple. And here's the thing. All these
[88:50] like Ken Griffin's the greatest hedge
[88:52] fund manager of all time. Well, how
[88:53] about this? I've outperformed Ken
[88:55] Griffin. What does that make me? I
[88:57] literally have outperformed everybody
[88:59] just sitting in this closet [ __ ]
[89:01] posting. What does that make me?
[89:04] I've I've started two billion-dollar
[89:06] companies and bought stacked sats for 13
[89:10] years and no one I like it. I I don't
[89:15] know of anyone that's outperformed us.
[89:18] Well, so what does that make me? Simple.
[89:20] Work hard. Fight for what's right. Stack
[89:23] sats. Diversify these nuts.
[89:28] Uh, hey Jack. Does Strike White Glove
[89:31] offer assistance with moving loans off
[89:33] of other platforms? Yes, absolutely. So
[89:36] many customers have loans on other
[89:39] platforms where they're charging you 15%
[89:42] or they're charging you an origination
[89:44] fee or you just don't trust them as much
[89:46] as us. Um, absolutely 100%. So, if you
[89:50] want to reach out to private strike.mme,
[89:54] we are more than happy to help you
[89:56] transfer your loan over and we've gone
[89:58] above and beyond to do that. We'll work
[90:00] with you on multiple loans. Sometimes we
[90:02] can adjust your settings. We really
[90:04] curtail it to make sure that you're
[90:06] happy and uh on our platform in a place
[90:09] that you trust that is probably cheaper
[90:10] and better than other places. So, no
[90:13] doubt, reach out to us at private
[90:15] strike.me me and we are more than happy
[90:17] to hold your hand through the process.
[90:18] We've done it dozens and dozens and
[90:20] dozens of times. Dozens and dozens and
[90:22] dozens of times. Cool. Okay, ladies and
[90:26] gentlemen, with that, uh, I'm out of
[90:29] here. This episode's running for 90
[90:31] minutes now. It's time to cut it. It's
[90:33] time to cut it. Um, all-time highs.
[90:36] Congratulations. Uh, we're really doing
[90:38] the damn thing. We're going mainstream.
[90:40] This whole dollar debasement thing, this
[90:42] whole Bitcoin thing, uh, we're going
[90:44] we're going mainstream. We're going to
[90:45] the mood. Um, so I appreciate it. Like I
[90:47] said, I saw a lot of you guys uh in
[90:49] person. It was really cool. Like some of
[90:52] you guys are young, man, like in your
[90:54] your late teens or early 20s. Uh, some
[90:58] of you guys, whether I'm boarding a
[91:00] plane or I was at my buddy's wedding.
[91:02] Um, it's just really cool. So, as
[91:05] always, uh, I really appreciate the
[91:08] support. My day job is running my
[91:09] businesses. I'm not a professional
[91:11] podcaster, but this has become, uh, one
[91:13] of the joys of my life. So, means a lot.
[91:15] If you guys see me in person, don't be
[91:17] shy. Come say hi. Give you a big hug.
[91:19] And uh to the moon. We were right. Don't
[91:22] let them take that away from you. You're
[91:24] right. You're right.