Episode Transcript
[00:00:01] We will never see Bitcoin below $100,000 again. I don't know how many times this has been posted since bitcoin first crossed $100,000. And it's like a year and a half later, we're still right here. We just crashed below $100,000. What the hell is going on? What is this crab market? Why is bitcoin going down?
[00:00:24] This is literally the most valuable and highest assurance money in the world right now during fiat chaos.
[00:00:31] How. How could it not be going up? Is this time actually different in a bad way? Because if it's not growing, if it's just stagnating, then it's dying.
[00:00:43] Is bitcoin finally dead?
[00:00:45] I think it's time for a Guy's Take episode.
[00:00:49] The best in Bitcoin made Audible. I am Guy Swan and this is Bitcoin Aud.
[00:01:11] What is up guys? Welcome back to bitcoin Audible. I am Guy Swan, the guy who has read more about bitcoin than anybody else, you know, and bitcoin is dead today.
[00:01:25] It's the worst. It's the worst. I hate it. You know, we had a really good run, but clearly it's captured and being manipulated and there's no coming back. I mean, we're under $100,000 as I speak, while this is being recorded, Bitcoin is only five digits in dollar price and obviously normal is six digits.
[00:01:51] So what the hell is happening?
[00:01:53] A quick shout out to our sponsors. The show is brought to you by Leden IO for bitcoin backed loans as well as synonym. Built an incredible protocol stack to re decentralize all the main functions of the web. Check that out at pubkey app. Then I have to recommend the Nightshades from Gitchroma. These are blue and green light blocking glasses to get your hormones right. I use them every night. And if you're working on screens you've really got to get some. There's a 10% discount with code Bitcoin Audible. And lastly the Human Rights foundation. They have an extraordinary financial freedom Report newsletter is an irreplaceable news source for everything that's going around for the fight for freedom. And then the tools, the bitcoin and privacy tools to actually defend it. If you look right down in the description, there's a link to explore any of this and you'll find it on every episode. I actually think the silent IPO piece that we read a few four or five episodes back now I guess is a really strong.
[00:02:55] Is a really strong argument or at least a framing as to what's going on here. Because what we can see in the market is there's just a massive amount of new liquidity.
[00:03:05] And what's really kind of insane about it is the, is the scope is how much new liquidity there is, how much new selling there is in this market from the 2 to 7 year age range of UTXOs that now basically have the liquidity to exit. Which I think is basically a lot of tradfire general like large, larger investment entities and or people who have made a long term position in this before there was enough liquidity to get out. But the really crazy thing is that the market is soaking this up. We're still in the $90,000 range and we have opened to a huge amount of selling. And despite how frustrating this feels right now, none of it seems like panic selling. None of it seems like, oh, I gotta get out of this market. Bitcoin's dead. Quite to the contrary. We have like Square just launched like last night I went out to Crafty's to gang night for the hodl up game night and I bought two drinks with lightning through the Square terminal. Here's the thing. I can't see any fundamentals that are, that aren't. It's not even that they aren't worse, it's that they aren't significantly better than where they are where they were a year or a year and a half ago. The environment, the regulatory clarity, the general recognition of it as an inevitable part of the future.
[00:04:43] The technology and the various capacity to use it. And I say this as someone who's on a bitcoin standard and literally has to suffer these dips knowing that like literally the capital that I have available to me just went down in fiat terms substantially. But it is easier to use constantly. Like I said, I just went out and bought drinks with it at Steve's bar and the coffee place, the place that I.
[00:05:12] One of my favorite places out there to go get coffee and breakfast because they don't have, they're just super clean food. They don't have any like grains or seed oils or any of that crap. I already let the owner know and I'm just gonna go back there at a time when they're not super busy and they were just like, yeah, let's, let's set it up. That sounds great. They've always just kind of been on board. I've had chats with the owner from time to time about bitcoin. He's brings it up to me every once in a while. When he sees me wearing a bitcoin shirt, it's becoming normal. And I think what you're seeing, I think what we're seeing specifically in the market is the fact that Tradfi sells profits and we are having this massive new liquidity event. And I think when you open up into new markets, it's not purely liquidity coming in, it's the fact that there's now enough liquidity for people who do have already have a 200% profit in this, then they now have the liquidity to get out in the realm of billions of dollars worth of investments. In fact, Steve and I were talking about it last night at the Hodlup game that because he just, they just announced or he just released the UTXO live feed for the UTX Oracle and basically the entire blockchain and all of the, all of the transactions that are coming in in the mempool and then also aligning it with the UTX Oracle of recognizing all of the dollar, the even dollar amounts of bitcoin being sent and then extrapolating out, using the UTX Oracle thing, extrapolating out the bitcoin, excuse me, the bitcoin, the dollar price of bitcoin just from looking at all of the node data. But the reason, it was just a really, really cool visualization, if you haven't seen it. But one of the really cool things and the thing that he was mentioning and we were just kind of talking about is how wild it is that just like every minute or so there's a multiple, just like a hundred million dollar transaction, a $2 billion transaction. There's a staggering amount of money being moved on this chain every minute. Like, like we're not talking like, oh, we move $2 billion a day. I mean, like every block there's hundreds of millions of dollars being moved around, sometimes billions. I mean, I just brought it up like right now a $118 million transaction just came in, $15 million transaction, $5 million transaction.
[00:07:51] Like this is, this is live. Like I've just. $15.2 million. It just, this just is constantly streaming in and if I give it a few seconds, another multi million dollar transaction occurs.
[00:08:05] Just think about that.
[00:08:07] That's wild.
[00:08:09] That is absolutely wild. $4.7 million. That this system is settling that much capital globally, permissionlessly and in a completely apolitical way, one where it does not matter your jurisdiction, it's simply settled. $9.4 million.
[00:08:31] This is simply becoming a legitimized global capital network. And I think when we break into an Enormous amount of liquidity like we have in the last year or so.
[00:08:44] If we frame it in the whole silent IPO style thinking like that, that mental picture, $13.2 million.
[00:08:53] If we frame it in that thinking, I think it makes sense that we go through an extended consolidation period. And also because we're looking at institutional adoption, we're looking at a prolonged institutional bid. Holy crap. 66 million.
[00:09:08] Because we're looking at a prolonged institutional bid.
[00:09:11] I think it also makes sense that we're very impatient. And Bitcoin usually makes decisions very, very quickly. If you go back to the 2013 bubble, when it started on its run and it was just going up at all, it just started to run. It was just insanely aggressive. There was insane fomo and the entire thing happened in basically under six months from start to finish. And then it was just these long draw nothing periods between before the next one. But like, even then it wasn't even like a full. Like it was a pretty short period.
[00:09:50] I guess There was a, there was one before the 2013, so it's like there's a 2011 one and then it turned right around and did another one in 2013. But basically everything was happening at a vastly higher frequency. And I think really what we're seeing is these dips are being met with so much purchasing when, with the liquidity that we've added to the markets is that everything's just being drawn out, like aggressively drawn out. Things that used to take two or three days, literally now just take two to three weeks.
[00:10:24] And the multiple week trends are going to be stretched out over multiple months.
[00:10:28] And then just in general, I think we're entering into a ton of economic weakness. I think we have, you know, assets like this. Liquid assets get sold when people need money. And I think there's a lot of indications that we're reaching the peak of a housing bubble. We don't really know what's going to happen on the other side of this. The economy has had to eat up a bunch of tariff costs. And I think everything about, like what Trump has been saying and doing recently is just showing that the Republican Party just feels a little desperate. I think Trump is like Trump has said, they're going to give out a dividend, a tariff dividend to the consumer, which is ridiculous because the consumer is paying the tariffs and the government is in debt. The government doesn't run a profit. There's no dividend here. He's just offering to pay everybody $2,000 to make them make it feel like this was a good idea and that this just didn't make everything more expensive and more painful. And to deal with the fact that things don't look very good as they never have, and they were never going to because nobody's actually fixing anything. And I think there's just an enormous amount of economic uncertainty on top of kind of the era or chapter that we are moving into or have moved into with bitcoin. That's just going to continue to prolong this for a little while because the overwhelming majority of the liquidity coming into the market isn't going to move fast. It's going to take its time and it's going to build a position and it's going to take advantage of the fact that a whole bunch of people are going to get scared and they're going to get washed out really quick or they're going to over leverage themselves. But if you look at this move compared to major moves in Bitcoin's past or just normal pullbacks during a bull market or just a sideways market, this is not, this is no big deal. This is pretty run of the mill for how bitcoin behaves. It's literally just taking four months to play out, as opposed to three weeks now. I do think when the bull market like really kind of kicks off is it will move quite a bit faster than this, but I do still think it will move a lot slower and it will continue to confuse, confuse and frustrate people because the, the more a pattern seems to form, the less the pattern is going to, is actually going to play out again. And the money that is in the market today is just different money than. It's a, it's a different mentality and it's a different type of institution or person or perspective that's doing enormous, a lot of the purchasing today as opposed to the 2017 bubble and even the 2020, 2021 bubbles. And I think there's just too much economic headwind on top of the fact that this market is very different and the players are now very different as well, preventing this from actually gaining a lot of momentum in our current state. But to me, this doesn't feel like anything except Bitcoin being bitcoin. Honestly.
[00:13:41] This show is brought to you by Leden IO if you find yourself needing fiat at a bad time when you really don't want to sell, it can't hurt to look into a safe, simple option for Bitcoin backed loans. This is like a mortgage on a house basically, except that you're quote unquote, Mortgaging your bitcoin to get a fiat loan so that you don't have to sell your bitcoin. The reason I'm a fan of LEDN is because they basically cut out all of their other stuff and they just only have explicitly custody and proof of reserves and open books. Bitcoin backed loans, that's all they do now. And they have survived a hell of a bear market and the chaos of the 2021, 2022 era, basically without any news. I've got a link in the show notes with a discount so that you can check them out. It's definitely worth investigating because it might work really well for your situation.
[00:14:38] Also, if you missed this, the Treasury Secretary made a tweet on Bitcoin white paper day.
[00:14:47] It read, 17 years after the white paper, the bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. Senate Dems could learn something from that. Now obviously he's making his stupid political play there at the end. But it's fascinating to like the cultural shift, the mental shift that has occurred when it comes to Bitcoin's legitimacy. Now, largely for the people who think that like bitcoin is bad or they don't like bitcoin, they're largely just ignoring it now because it's just this thing that clearly isn't going away. And it's important to note also that we're in increasingly chaotic economic conditions. You know, we have a, just a staggering debt bubble that I believe is just going to add to more frequent swings towards a seemingly positive liquidity event in the, in the general market and then a negative one like basically, basically credit cycles are shrinking quite a bit. You know, we've seen, we had the 2021, 2022 credit cycle or credit crash and I think we're kind of going into another one right now. And basically the government and the central bank are going to have to respond in kind to keep the, to keep the economy afloat. But I think this is the natural progression of increasing instability and chaos in the economic environment.
[00:16:13] And because of that, everything's going to get harder and harder to predict as well. And things that we expect or that ought to move a certain way are going to start disappointing people. Might be the best way to put it is, you know, with, with chaotic times and unstable foundations, things just move all over the place. A lot of things just won't be exactly as expected. Which is exactly why you have to zoom out. You have to take a step back and realize that, you know, what's happening this day or this week is not what's happening to the asset. You know, I use the analogy in what episode was this?
[00:16:59] I don't know. I got a couple of good comments about it and it was appreciated. Oh, it was with Will Reeves on the Bitcoin, the Bitcoin podcast on Walker show. But I use the analogy of being on a ship out in the ocean and looking at a mountain is that, you know, when the economy, when everything is unstable and you have these massive waves in credit cycles and the markets and in, in short term markets and liquidity and everybody's making different decisions and all of these things is you're sitting on that boat and you're looking at the mountain. You're looking at the thing that is perfectly stable in the context of its supply structure, the systemic stability of the system itself.
[00:17:47] But because you're on the ship and you've got a bunch of big waves going by you and you're going up and down, it looks, if you're looking at it, and that's your perspective, is that this ship I'm on is stability.
[00:17:58] And what is this mountain doing? Well, the mountain looks like it's going all over the place. And then in addition, we're in markets that just have much, much deeper waters now. And I've seen a few stats recently that just show how unstable the economic conditions have become. There was actually a tweet from yesterday from first squawk saying that 401k hardship withdrawals hit the highest level since record keeping began. And then I saw another chart of we've actually surpassed the number of delinquent mortgages than we did actually during the peak of the, of the housing bubble. Now I'm not 100% sure if that chart, I can't, I don't have it with me and I probably didn't save it. I probably just liked it. And if you just like a thing and don't actually save it and organize it and label it, it's gone. Because Twitter hates letting you actually search through your history or be able to find anything that's not immediately relevant today and is fresh. I swear to God they explicitly hide stuff so that you're just stuck in the, the new feed and engaging and it drives me crazy. But anyway, I can't remember if the chart was like a per capita, like like a dollar amount delinquency or if it was literally a, a flat, like how many loans are, are delinquent. So it's important to keep in mind that all of these stats have kind of that inflation issue, right, Is that it's like when you, you break a new record with this movie, made more money than any movie that ever came before. It's like, well, yeah, you're, you're selling it at $20 movie tickets and you're comparing it to movies that sold $1 movie tickets. Like if you account for inflation and you like, you really count for inflation, even if you just do a naive like CPI count for inflation. But if you really account for inflation, nothing compares to Gone with the Wind. Gone with the Wind made more money in the theater than any movie ever. And no movie will ever compete with it. So there's a bit of a pullback when we're talking about just like nominal measurements of it, just like nominal measurement of the recent like 2021, 2022 collapse and the number of banks that collapsed and that sort of thing is that you Compare that to 2007, 2008, it's like, oh my God, this crash was even worse. Some of these banks were huge.
[00:20:21] Yep, well, everything's much huger. Like 2007, 2008, the debt of the United States government was $9 trillion.
[00:20:34] It is $38 trillion today.
[00:20:39] It went from 9 to 38.
[00:20:43] Bitcoin's been going down for, you know, last eight weeks maybe. I mean it's up and down if you look at like a weekly chart, but just general, if you just draw a line, it's just a downtrend line.
[00:20:56] Saylor tweeted today that they bought bitcoin every single day this week.
[00:21:02] He's still just front running everybody. And the S and P, the.
[00:21:07] Oh wait, yeah, Standard and Poor's, I think they're, they gave a rating to strategy, a credit rating and gave it a B minus, which is like considered terrible. I mean it sounds like, oh, I got a B, you know, I made a good grade. But a B minus when it comes to a credit rating for a large corporation is basically one that should be expecting bankruptcy. Like a B minus is really bad. And when they gave this rating, they evaluated their bitcoin holdings as worth zero.
[00:21:41] In fact, their bitcoin holdings were deducted from their equity due to quote, significant market risk and the fact that it is non yielding. They listed it as a junk stock now and that likely blows up in the credit rating agency's face. It'll be really interesting to see what the, the kind of next era.
[00:22:04] Actually, I think it will probably be in this era. It will be when it's basically shown that treating Bitcoin as if it's a net negative or a specifically just a risk on a balance sheet as opposed to dollars or some sort of like yielding bond that's being clobbered in the markets or that there's not even enough liquidity without the central bank to exit a position of. When you're talking about enormous corporate and financial treasuries that are basically stuck holding a lot of these, that sentiment is also going to change. Don't know when, don't know exactly how or why. There will probably be some series of events that kind of turn the entire thing on its head. I mean the debt is going to be spiraling. I mean the debt is spiraling out of control and I don't think people just realize how bad it is.
[00:22:55] You know, I just, I sent a tweet not too long ago that in 2007 the US debt, which was considered horrible, like we were in a really bad position in how fast that debt was growing. Everything after the Iraq War and 2001, all these things, we were on a pretty staggering growth trend. The debt was $9 trillion.
[00:23:20] Today it's not been 20 years, this would be 2027.
[00:23:24] Today the debt is $38 trillion.
[00:23:29] That is two doublings, 9 to 18, 18 to 36.
[00:23:36] This has held true, this simple doubling every 10 years of the US national debt has held true since the 70s. Actually I think 65. I think you can take it all the way back there. And the only 10 year period that did not hold true was I believe from 75 to 85.
[00:23:59] And that's because it tripled instead of doubled. Which means that a conservative estimate of where we will be in 2045, just going with a stable 50 year trend is somewhere between 140 and 180 trillion dollars in debt. If this isn't what we are looking at or considering as we evaluate the long term potential or what's happening in the day to day in Bitcoin, if we think that that climb there is going to be without any volatility, it's simply not possible.
[00:24:39] And in fact what we're going to see is the swings will continue to get bigger because they get nominally bigger. The market itself, it's just like, it's just like being in deeper waters. You're going to have far greater nominal swings because you're just dealing with a lot more underlying water. Like there's just a staggering amount of actual, of nominal capital chasing all of this stuff and we're flooding it into the markets over and over. Again. And every regime, every president, whether they're wearing a red tie or a blue tie, who gives a. It's not going to matter. They're all going to just try to make it look like they, they're, they're all going to tell the narrative and they're all going to frame it and they're all going to pick which charts that they show so that their time and control is when things are getting better. And it was the other guy or the other party that caused all of the problems. And nothing is actually going to change. All the things that do change will be very, very surface level. Why? Because the actual systemic change is going to hurt. It's going to hurt really, really bad. It's. Unless you are actually thinking where, if you're thinking in 20 years, okay, what you know, my income is going to be this and I'm going to invest in, or I'm going to have a project, or I'm going to have a house, or I'm going to have all this stuff. And you're not accounting for the fact that we're probably going to be 180 to 200 trillion dollars in debt. Then you're not preparing. You're looking at the world today and you're extrapolating it out on a linear path. We're not on a linear path. We are on an exponential one. Are you prepared to spend $2 million? Is your plan expecting to spend $2 million on a house? Because if you're trying to buy a $400,000 one right now, or you're looking at a $400,000 one right now in order to purchase so that you can have a house for your family, you need to prepare for it to be $2 million or more in cost.
[00:26:34] That's normal in a lot of big cities. What you can expect is for that to trickle down to a lot of the rest of the economy. It's going to move from the areas where it's already normal to see a 1.5 million dollar shack like San Francisco and it's going to spread out through the rest of the economy. It just takes time for all of that to rush through. And there's going to be more entitlements, there's going to be more subsidies. The, the government is already basically like, we've reached the point of fiscal dominance where what the government does has more effect on the direction of the economy than anything the real economy actually does. This is why we can't have any short term expectations or making two month predictions because we Just have no idea. We have no idea. And we are in new waters. We are in a new ocean with far, far greater amounts of water. And when the waves come, they're going to be massive. Have you ever seen. Have you ever seen one of those videos of, like, waves on the front end of a storm or like. Like a cargo ship that's going over these things that are just.
[00:27:43] I mean, just unbelievable? Like, I can't even fathom that. People in the 1600s and 1700s rode on ships and they experienced this in the middle of the ocean with no recourse, out of contact with anybody. And I want you to just take a moment and go watch one of those videos of massive waves out at sea in a storm, just so you can appreciate it. Just so. Just so you can look at it and realize that when you get to a certain scale, nobody is in control anymore. And that's where we are. We all want to point at the very human thing and the very political thing and this, that, and the other, but we're not in control of this thing. Nobody is. Trump isn't in control of it. The Democrats, the Republicans, the. Anything in the political system. Bitcoiners, Tradfi, Blackrock, Nobody, nobody is in control of this thing. Everybody is just desperately trying to get something, trying to chop off as much meat off this cow before the thing dies. Because right now it's still kind of fresh meat, but when it dies, it's all gonna rot. And whoever's left isn't gonna have any meat at all. They'll think they'll get their portion that they are allotted of the cow, but it will not be edible. So why, when you have pristine, a pristine asset like bitcoin, why is it that it could still be stagnant, that it could still be going down in this environment when there is so much uncertainty and it is a. A risk asset? I mean, gold is surging right now. Gold has just been bouncing between, like, going over. They're like, stretching outside of the Bollinger bands. They're going down to the middle to stretching up. Just. It's been nothing on the upside, whereas bitcoin's just kind of been bouncing around, bouncing off the downside of all of the. All of the upward pressures. So why the huge difference? It's because bitcoin is still a ticket to redeem food that is not done growing.
[00:29:47] You know, using stretching the analogy, probably too far, but that everybody's trying to hack some meat off of a cow that's basically going to die. Bitcoin is a calf.
[00:29:59] So it looks like you're not getting much for your money. And you're also getting shares in a lot of other calves that are even yet to be born. There's a lot of promise there, but it's only just recognized that, okay, yeah, this is going to produce food for people. So if you're smart and you look at the trends and you recognize that If I'm looking 10 years out, this other system isn't going to feed me anything. In fact, all of my investment might be completely worthless in this traditional option, in this established option. And recognizing that only in the, in the section where you see the growth, where you actually see something new, where you actually see a systemic fix to the lack of help to the sickness that is killing the previous set of cows, it doesn't nominally look like much, but you're getting a far better guarantee because there's actually a potential return on that long timeline. And there's a bunch of different paths to getting that return because there's still potential, there's still hope, there's still people actually building things. There is progress being made.
[00:31:07] And don't forget how much technological, environmental and regulatory. And I don't mean environment like the, the trees and stuff, I mean environment like the infrastructure, the actual, the position, the social recognition, the cultural recognition, the connections to traditional, to traditional markets and to fintech markets and the falling barriers to access through traditional services and tools that people already have access to. Like Square. There's literally millions of merchants on Square, small and medium sized businesses that now basically have a two button way to get zero percent fee accepting Bitcoin directly as a merchant in a store. And it was only just a few months ago that Steak n Shake was kind of the first big one to make an announcement.
[00:32:00] We're moving mountains and mountains move slowly. Bitcoin used to just be a pile of dirt and it was very easy to move it from one location to another or to have it grow and double in size. But the time and the liquidity needed to build a new piece of foundation, to expand the mountain is far, far greater. And I think that's what we're seeing. The setup for the era that we are moving into with Bitcoin is just taking longer. The stage is bigger, the show is going to be more spectacular and there's just way more to orchestrate before we can begin.
[00:32:38] So if you're looking at Bitcoin being five digits again and getting scared or sad or gloomy, that's understandable. You know, when I wake up and I've had, I've had two rough days really. Things haven't been going well. The project, the pear drive and development stuff has just been, still have bugs and problems and I hate it and it's super frustrating. I've invested a lot of time into it. The house is totally on pause. Like I've just been reaching out to contractor every single day. And it's been two weeks, we've barely seen anybody here. I spent like four hours yesterday trying to figure out some technical issue with a workflow that I was trying to get working and I didn't even get, I didn't even get it completed. At the end of the day I just felt like I'm just spinning my tires and I know what it feels like. And then I woke up and bitcoins crashed and I'm on a bitcoin standard. I feel these waves because I have to pay people and it cost me more in bitcoin every time this happens. And I woke up and I was like, like son of a bit. Like, I, I felt, I felt the ick, I felt the ugh. But realizing that 120k is normal and the price is what, 95 right now is an opportunity, it's a discount. And when we return to the unexpected and generally very aggressive and short lived growth periods, you're just going to be kicking yourself for not stacking as much as you could. In fact, I actually had a sponsor payment come in that came in as Fiat and I didn't realize it. And so it's been sitting in the bank account. And after being gloomy and just being like, oh, everything sucks this morning I realized that I was sitting on a lot more fiat than I had intended to. And so I bought the crap out of the dip and I'm going to go back to my project and I'm gonna make a little bit more progress. I'm gonna go back to this stupid technical issue and I'll probably get it sorted out pretty quick or I'll find an alternative. And because bitcoin is down, things will cost a little bit more in bitcoin terms. But you know what? It's all going to keep pushing in the right direction.
[00:34:54] I'm all, I'm going to be making progress on all of it. Structurally, my bitcoin standard just got way, way easier because now I'm going to be able to just have a simple conversation with a ton of merchants and products and services that I do business with and I'm going to be able to say, hey, can you just turn bitcoin on, you're not even going to get a fee. You know, sometimes I'm trying to re encourage other people and sometimes I'm just trying to remind myself that small progress adds up. And the appearance of the progress of small incremental progress that came over very, very long periods of time when it finally kind of reveals the outcome, the progress suddenly feels and looks like it came all at once. But it didn't.
[00:35:42] Yeah, buddy, what's up? What do you want for food?
[00:35:46] What do I want for food? That is a good question.
[00:35:50] Well, how about, how about daddy finish up the episode and we'll go get some food?
[00:35:55] All right? Hey, bud, can I have a hug?
[00:35:59] Dad's gonna finish up his episode. Can you say, can you say bye bye, everybody?
[00:36:06] And I'm gonna go. I'm gonna go get some food with my family and appreciate that I got to buy some bitcoin today. And I'll catch you guys on the next episode of bitcoin. Audible.
[00:36:17] Thank you for listening. Don't forget to subscribe. Share this out with everybody you know in the bitcoin space. A shout out to our sponsors, Leden Synonym and their Pubkey app, the HRF and their financial freedom report and Chroma for Lighthealth. They have a bunch of amazing products. Check out all of these right down in the show. Notes, keep stacking and I'll catch you on the next episode.
[00:36:42] You did leave the door open. That's right. That's okay.
[00:36:48] Love you. Love you. Bye bye.
[00:36:52] Alright, and I'll catch you on the next episode, guys. Until then, that's my two cents.
[00:37:15] You only live once, but if you do it right, once is enough.
[00:37:22] Mae West.
