In this episode of Becoming Outlaws, we dive deep into the world of cryptocurrency with special guests Brian and Kelly Estes, the visionary filmmakers behind the documentary God Bless Bitcoin. Together, we explore the flaws of traditional currency, including issues like deflation, and the unique security and freedoms that cryptocurrency—particularly Bitcoin—offers. Brian and Kelly passionately argue that Bitcoin is not just a financial alternative, but a moral imperative in today’s economic landscape. Tune in for an eye-opening conversation on the future of money and the role Bitcoin could play in shaping a more just world.
https://www.godblessbitcoin.com/
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Counted among the outlaws. Who said come follow me?
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People from all walks of life since have been becoming
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outlaws. Welcome back to becoming
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outlaws. You may and probably have heard
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about Bitcoin and haven't possibly had a full grasp of
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what that is. Or you could be a Bitcoin pro,
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maybe even not using it already, But have you considered there
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could be a broader, even moral or religious implication?
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That part I've dipped into Bitcoin a little bit here and
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there, but that's one avenue I hadn't considered.
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Well, today we'll have the lead executive producers, Brian and
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Kelly Estes of a new documentary called God Bless Bitcoin.
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We'll find out from them what Bitcoin is, it's benefits over
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traditional currency, the shortcomings of our current
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financial system, and how faith and morality intersect with the
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world of cryptocurrency. And we'll get started here by
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you're either listening or viewing the trailer of the new
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documentary, God Bless Bitcoin. The dollar will dramatically
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lose its purchasing power the more they print, the more it
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gets diluted. Who?
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It's good. For is the people at the tippy
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top because in order to keep the system going.
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They have to keep printing money and Bitcoin is that tool.
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That allows us to beat the money printer.
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This coin is powerful in a way that is money that does not
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discriminate. Bitcoin is built by the people
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for the. People or in a phase transition
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of society. It's more than a financial
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revolution. Government Fiat currency is not
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just money. It steals from the poor and
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gives it to the rich. If you don't have the choice of
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how you spend or save your money, you don't.
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Live in a free society. If you have cell phones and
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smartphones. You can have your bank.
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With you everywhere. You can be.
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Anywhere in the world and there's an ability to transfer
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it or use it, that's a huge advantage and that's why I think
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that the magic. Of the Bitcoin is I'm excited
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for the future of Bitcoin because we're just.
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Really beginning to understand the advantages of it.
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Bitcoin economically arms everybody.
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Bitcoin is a means to. Fight tyranny to fight
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corruption. A central bank can be a place of
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great mischief. From my perspective is that.
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Bitcoin does fix everything. Bitcoin does represent freedom.
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Bitcoin is. Truth.
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Anyone can be a part. Of the Bitcoin economy.
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It's like a good church. Because it's an ethical
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ideology. There are many people that feel
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very spiritual about it. I think that Bitcoin has those
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characteristics to be not just the most.
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Islamic Full. Of money, but the most Jewish
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and the most Christian, full of. Money as well.
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Bitcoin is just another step in the technological development of
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how we can serve God better. Greatest trying to remove
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politics for money. Bitcoin can make the world a
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better place. And there's nothing.
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You can do to stop it. My favorite part of that, it's
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the end where he casually just takes a sip of water there.
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It's very dramatic ending. Welcome, Brian and Kelly.
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Personality. We like that too.
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It shows who David is. Yeah, so when I started watching
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the documentary, I know a little bit about cryptocurrency.
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I've, I've dabbled in and out a little of the Bitcoin and, but I
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shouldn't say most, but you know, it's a new thing to most
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people. There's a lot of trans or fads
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that come and go and they hear about it on the peripheral and
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maybe not totally into it. So it's, it's a little scary or
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even online, we're getting more used to online shopping or even
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banking with our apps, but there's still some apprehension
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of currency digitally. But it's a lot to learn.
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But what I liked about the intro of the documentary was, you
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know, you got to sit and get ready to absorb this technical
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financial information, But they start with the question,
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remember the Brady Bunch? And that was perfect because
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that, like, drew me, I'm like, yeah, yeah, I remember the Brady
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Bunch. You know, what about them?
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And how does that play in Why Would you start, you know, your
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documentary with a Brady Bunch analogy?
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Well, I think that the reason we did is because even if you
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haven't seen The Brady Bunch, you can easily find it.
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But it represents a time and it depicts a time in the United
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States when our money wasn't broken yet.
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It was a time when one person in the household could work outside
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the home, another, the other person in the household would
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stay home with the children. You could afford a home and you
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could afford a life and the Brady Bunch there was the dad
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happened to be working outside the home, and he supported a
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family of six kids, a wife, a living maid and a dog and on
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and. And vacations to Hawaii.
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Now, we did provide TV, but honestly, at one point that is
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how America was. Our money wasn't broken.
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Our government wasn't diluting our purchasing power by printing
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dollars and without anything backing it.
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And so that's why we started there is to say we used to be
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like this. What is going on, right?
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It's just a starting point for what happened here.
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It's easy to say it's just ATV show, but the focus wasn't what
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you're saying. We can see that in retrospect.
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It was socially progressive because they had a blended
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family. Step.
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Sisters But looking back on it, what you know, if I think of it,
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if you know economic simply as well, there's inflation, but
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then over time we also make more money.
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But what is it that has changed so much that at the time it
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didn't seem odd to have ATV show where an architect could have a
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full family of six and a live in maid?
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Yeah, what changed was 1971. So in 1971, Nixon took the US
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off the gold standard so that we had the government could print
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more money to fight the Vietnam War and also to provide social
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programs for people because pre 1971, the government's ability
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to create money was restricted by the amount of gold that we
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had set in Fort Knox. And so if you go off the gold
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standard, all of a sudden the government just print money at
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well to do whatever they want with.
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And over the last 53 years, they've been doing that, you
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know, full throttle. So they use that money to
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conduct unjust wars, these ever everlasting wars that we've had
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for the last 53 years. They use it to, you know, you
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know, to fund things that aren't economically viable.
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So, you know, the government is prints this money.
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And when they do that, like Father Sirico says, it's like
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diluting the wine with water. It dilutes your purchasing power
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when you print more money because the dollar you earn
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today doesn't buy as much in the future if there's more dollars
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printed in the future, so your purchasing power gets diluted.
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So, for example, to put numbers to this, six years ago, if you
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had $1000 in your bank account today, it only buys $520 worth
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of goods and services. And so if you worked, you know,
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to make $1000 six years ago, why?
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Why can't you buy $1000 worth of goods and services?
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And the reason is because because the government stole 480
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of those dollars without you knowing about it.
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So the the delusion or the watering down of money, is it
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the term Fiat? Is that called Fiat money?
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Yeah, yeah, money is money. So Fiat means by decree.
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So when the government says this money is here by decree, that's
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what Fiat money is. And that's what our money is
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today all around the world. So all around the world.
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So if you look at AUS dollar, like that was, you know, made 70
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years ago, it's a, it's a dollar.
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It's, you know, you know, it was defined as a dollar in the
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Constitution. And a dollar is convertible into
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gold and silver. But if you hold up a dollar bill
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today, it doesn't say a dollar. It says it's a Federal Reserve
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note. We, we still call them dollars,
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but they're not dollars. They're Federal Reserve notes.
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Those Federal Reserve notes aren't backed by anything.
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So in an example, if you take it down to smaller than a dollar,
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that's where you get people describing that some of our
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coins cost more to make than they're actually worth.
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Like a a penny is not worth even a a penny, right?
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It's a fraction of a penny. Or in your video you have
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talking about a silver dollar used to be a dollar.
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Now it's We tossed about $38 to buy a silver dollar.
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Yeah. So if you go back in the 60s
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when we are on a hard money standard, that's what that's
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called. You know, that silver dollar had
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a dollar's worth of silver in it.
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It was, it was a dollar. That's it was a dollar's worth
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of silver today. It takes in the movie, we said
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it takes $38, but they're not dollars.
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It takes 38 Federal Reserve notes to buy that same dollar
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worth of silver today. And the reason is because that,
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that money got diluted, you know, it's that, you know, that,
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that, that, that $1.00 of silver should be able to buy, you know,
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you know, a dollar's worth, you know, it should be worth a
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dollar, you know, but it's especially worth $38 because
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the, the, the Federal Reserve notes diluted everybody.
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So if you're going to present the case and you do that Bitcoin
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is has a moral standard to it, that would also mean or implying
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that that current dollars you're talking about or the way we're
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doing money has an immoral. So where does the immorality
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come from? Is it the deleting the dollar?
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Is it the way it holds us kind of in captivity because it's
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hold by it's were enslaved to the governments and the
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financial institutions or is it all of the above?
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All of the above. The answer to that is yes.
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The immorality of our current Fiat system, since you used that
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word, is that we are being stolen from every day.
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Every time another dollar comes into circulation, it takes some
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of our purchasing power. It steals it from us.
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And you know the way we went about deciding what was ethical
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and what was moral as we went back to the sacred Scriptures
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for Christians, for me, I'm a Christian, that's the Bible.
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What does the Bible say about how we are to interact with each
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other and treat each other? 10 Commandments Thou shalt not
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steal. When you are taking my
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purchasing power from me, you are stealing my time, my energy,
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and my talents. You are taking what I could use
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to provide for my family from me without my consent.
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That's theft and that's immoral. Interesting.
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So moving over to let's lay down some foundational terms for
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people who are brand new. So it's almost interchangeable,
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but there is a different define a cryptocurrency and then
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Bitcoin. OK, so Bitcoin was the first
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blockchain that was invented. So cryptocurrency is just
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another word for block chains. So, and all block chains are are
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there. It's software, it's, it's open
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source Internet Protocol software.
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And that seems like a lot of words, but we use that.
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We use that type of software everyday.
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When you send an e-mail, an e-mail uses what's called SMTP,
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that's open source Internet Protocol software.
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When you're on the Internet, you're using HTTP, that's open
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source Internet Protocol software.
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Bitcoins the same thing. It's open source, anybody could
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use it and you know, it's, it's money over Internet basically,
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that's what it is. And so the difference between
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Bitcoin and all the other cryptocurrencies that are out
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there is that bitcoins, the dominant 190, about 94% of the
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value of all what are called proof of work, block chains are
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in the value is in Bitcoin. So bitcoins already the standard
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it's, you know, it's the protocol that we will all use in
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the future. All the other ones are an
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experiment and they're trying to, you know, try to, you know,
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figure out something new to do with blockchain, But there's
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really no good use case for those.
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The the primary use case of Bitcoin is as a store of value.
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It's basically a digital version of gold.
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And as as we as humans, we use gold for 3000 years as our money
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and until 1971 and we as humans, in my opinion, we're on default
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back to a gold system. But we won't go back to the
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analog version of gold, which is the shiny metal.
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We'll go to the digital version of gold, which is called
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Bitcoin. Interesting.
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So I always like to summarize for people like me driving in
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their car. Say what did he say?
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So if you were to make it super like for dummies one O 1 you
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take a term like cereal, that would be cryptocurrency and then
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Bitcoin is like the Kellogg's of cereal or it's it's just like a
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stand. It's a cryptocurrency is the
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umbrella term for many kinds of cryptocurrencies or these
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trading things. Bitcoin is a prominent dominant.
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It's the Xenox, it's the Q-tip, it's the Kellogg.
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Right. Yeah, right, right.
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How? Let me see.
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What would the average person want to know about Bitcoin?
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So how is it so if the the dollar, a lot of our money now
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is not backed by gold or silver and such, how does Bitcoin have
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value? If it's digital numbers, where
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does the value behind those numbers on the Ledger have
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value? Where does it come from?
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Yeah, so you said something very important.
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A lot of people still think that our dollars are Federal Reserve
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notes, are backed by gold. So 30% of Americans think that
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today. They think the dollar is backed
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by gold and silver and it's not. We went off that in 1971.
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So that's the first thing to understand.
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The second thing to understand about Bitcoin is that Bitcoin is
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a network. So the value of Bitcoin comes
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from the network. So basically what I mean, the
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number of people that use it and the dollar amount, the value
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that flows through that network determines its value.
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What that's called Metcalf's law.
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So we use Metcalf's law to determine value of other
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networks, for example, like Uber.
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Uber matches up drivers and riders.
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So if you only have one rider and one driver that that
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network's not worth very much. But when you have millions of
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drivers and millions of riders, you know, Uber's worth billions
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of dollars. You know same thing with like
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Facebook. Facebook matches up friends,
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eBay matches up buyers and sellers.
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If there you only have one buyer and one seller, ebay's not worth
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much. When you have billions of buyers
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and billions of sellers, ebay's worth billions of dollars.
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So think of Bitcoin is the same thing.
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As more and more people use the network, the more valuable the
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network becomes. Right now, the there's about 400
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million people in the world using the Bitcoin network.
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The network is growing faster. It's being adopted faster than
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the Internet was being adopted in the 90s, and it's projected
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that in six years there'll be 4 billion people using the network
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and not 400 million. It's expected to grow 10X over
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the next six years. So yesterday I purchased movie
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tickets from an on from an app. I ordered them which then pulled
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money numbers from my bank account app.
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So am I basically doing it already except I'm connected to
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financial institution? Does Bitcoin function just
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pretty much the same except it's free from banks being able to
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shut my money down and kind of giving me permission to do all
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of that? It's just a freer system, but am
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I is that kind of the way it would work for your average
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person? You're just paying with digits
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still digital and zeros and ones or however.
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Yeah, So this is where it gets a little complicated because the
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problem with using Bitcoin as currency in the United States is
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that bitcoins back ten years ago in 2014, the IRS said Bitcoin is
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property, it's not currency. So whenever you spend property,
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you have to file a tax return with the IRS and you have to
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show what you bought that property for, what you, when you
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spent it, what you sold it for. And if there's a difference, you
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have to pay a tax on that. So in the end, and that's the
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way the government has been slowing down the adoption of
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Bitcoin in the US as currency. So, so in the US, people really
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don't use it as currency. They use it as a savings account
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because there's a limited supply of Bitcoin of 21 million.
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So when we are in dollars today, you know, we get our paycheck
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and we pay our bills and any money that's leftover, we need
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to save those for future use. Well, if you just keep them in
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dollars, as we talked about, when the government prints more
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dollars, those dollars get diluted so I can't buy as much
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in the future. So you don't want to keep that,
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those extra dollars in dollars. You want to put them in
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something else. You want to put them in real
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estate or stocks or something like Bitcoin that can't get
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diluted. And so that's what people are
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using Bitcoin for is as a savings account.
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So your checking account is your dollar and your savings account
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is your Bitcoin. And Bitcoin is connected to the
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markets, right? So this is like an investment.
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It goes up in value, but it can also go down in value.
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So that was my dipping. And it was years ago when I
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first heard about it, You know, hey, there's this thing.
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I didn't know what it was I'm making, you know, hundreds a day
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or whatever. And I put a grand in and I did
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too. And then I lost hundreds a day
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like that. I didn't know what's going on.
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I thought, I need to get out of this.
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I have no idea what I'm doing. Well, you said something there
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that I want to make sure people understand.
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Bitcoin is not connected with our traditional markets.
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It's an uncorrelated asset. It doesn't.
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It doesn't go up when our stock market goes up.
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It doesn't go down when our stock market goes down.
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It is an independent entity and it goes up and down based on the
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network, the number of people using it, buying and selling it.
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Well, that's what I was going to say.
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So it's a value, the values and how much it's being utilized or
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how much of that 21 is being taken?
00:19:24
Right. Yeah.
00:19:24
Yeah, So the the value like Kelly just said, this is what
00:19:28
the Federal Reserve said in a white paper in 2018.
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So six years ago they said Bitcoin's best use case is as a
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diversification tool for investment portfolios because
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it's a non correlated asset. The reason it's not correlated
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is like we talked about Lego, it's valued as a network.
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Stocks are valued on like APE ratio or price to book.
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Bonds are valued on credit risk and interest rates.
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And so you don't value stocks and bonds based on network
00:20:01
value, you value Bitcoin based on network value.
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So when you add a small amount of Bitcoin to a diversified
00:20:09
investment portfolio. It increases what's called the
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shark ratio, so it increases your risk adjusted returns.
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And This is why BlackRock and Fidelity and Franklin funds
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they're, they've all realized this over the past few years.
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And it's actually beneficial for people to have a small amount of
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Bitcoin in their investment portfolio because it increases
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your risk adjusted returns. OK.
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So how logistically, how does someone start getting into
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Bitcoin? Do they talk to their financial
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advisor? Do you trust the apps that are
00:20:49
out there? Google an app and put it on your
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phone and just like try it? Or what's a sound Safeway to dip
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in? So, so I'm a former financial
00:20:58
advisor. I was in the industry for over
00:21:00
20 years before I started building blockchain companies 10
00:21:04
years ago. So I could tell you that, and I
00:21:07
hate to say this because it was in the industry, but the
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financial advisors are restricted to only advising you
00:21:16
on things that the government approves of.
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So there's an overriding agency called FINRA that that regulates
00:21:24
the investment advisor industry. And FINRA doesn't allow their
00:21:29
advisors under that umbrella to recommend Bitcoin.
00:21:33
So if you have an account at Edward Jones or Stifel Nicholas
00:21:37
or Raymond James or Merrill Lynch, these wire houses aren't
00:21:42
allowed to recommend Bitcoin. So your financial advisor, if
00:21:45
you ask them about it, they'll say, I can't talk about that.
00:21:48
OK, So the way so is to answer your question, the way you get
00:21:53
involved with Bitcoin is you could go to Fidelity, Schwab,
00:21:59
they offer Bitcoin ETFs. If you want to buy Bitcoin
00:22:03
directly, which is what I recommend you go to Venmo,
00:22:07
PayPal, Rover Financial, Coinbase, Robin Hood, you could
00:22:13
buy Bitcoin directly through those platforms.
00:22:15
I think Coinbase is what I what I did.
00:22:19
Yeah, I was an early investor in Coinbase.
00:22:22
You know, it's, it's the largest exchange out there, but their
00:22:26
customer service isn't that great.
00:22:28
So you know, I I would suggest you know something with better
00:22:32
customer service. So what makes it moral?
00:22:37
I mean, I talked about that earlier that we believe Bitcoin
00:22:40
is more moral because it doesn't steal from you.
00:22:43
But another thing that we really like about Bitcoin is that
00:22:46
because it is limited to 21 million ever being produced, it
00:22:52
cannot be printed. You can never have more, which
00:22:55
means that it remains a store of value in the case of governments
00:23:03
around the world. It prevents people from it goes
00:23:08
against Thou shalt not kill. If governments don't have the
00:23:13
ability to print money to fund a war they have to stop the war
00:23:18
when they run out of like they used to use gold.
00:23:22
When they ran out of gold the war was done or before they
00:23:25
would issue war bonds to their citizens and if the citizens
00:23:30
wanted to buy those and say yes I agree with this war, they
00:23:33
could earn make money that way to pay for their wars.
00:23:36
But if you have a limited supply and you cannot conduct war
00:23:42
because you can't print more money, it is more moral in that
00:23:45
it would prevent governments from being able to wage unjust
00:23:50
wars. So that's part of it as well.
00:23:54
So Brian, you have a finance background, is it that and a mix
00:24:01
of both of yours personal Christian faith that leads you
00:24:05
into this project? You're not film makers.
00:24:08
What's your goal of this? What's your personal motivation
00:24:11
and then business motivation or you just goals of what?
00:24:14
What do you want this to achieve ultimately?
00:24:17
Yeah, so I mean, personally, you can't tell on video here, but
00:24:21
I've been in a wheelchair for 40 years.
00:24:23
I was in a car wreck when I was 16, left my legs paralyzed.
00:24:28
And so I know what it's like to have a body that doesn't
00:24:31
function 100%. And what motivated me to make
00:24:35
this movie is what Kelly was just talking about.
00:24:38
I see our soldiers coming back from these unjust wars.
00:24:42
And, you know, a lot of times they're, you know, they're in
00:24:44
body bags, but other times they're paralyzed, they're
00:24:47
mangled, they've lost arms or limbs.
00:24:50
And it hurts me when I see that. And so one of my primary goals
00:24:55
is to defund the military industrial complex.
00:24:58
And if the world was on a Bitcoin standard, which I
00:25:01
believe we are going to be over the next 5-10, twenty years,
00:25:06
then the governments can't conduct these, these wars.
00:25:10
You'll have to, like Kelly said, borrow the money from the
00:25:12
citizens, which means you'll need approval.
00:25:15
They fund your war or you'll spend your own treasury to do
00:25:19
it. And the governments don't have
00:25:21
the money to do that either. So it makes the world a more
00:25:23
peaceful place to live. In Ezekiel, it says, in Ezekiel
00:25:29
45, it says the Lord commands us to stop violence and destruction
00:25:36
and stop expropriating from our people.
00:25:40
And what that means is stop taking our people's money to go
00:25:44
conduct violence and destruction.
00:25:46
And governments are doing that all the time.
00:25:48
And it says directly in the Bible, don't do that.
00:25:53
Who is the So it's open source. It's kind of, you know, freedom
00:25:59
for the people outside of the institutions governing and
00:26:02
controlling finance there for your lives.
00:26:06
But who controls open source? Yeah.
00:26:12
So no, you know. What I mean it comes from
00:26:13
somewhere. Yeah, no.
00:26:15
So it's so the inventor, so the person that put this puzzle
00:26:20
together, we don't know who that is that it was there.
00:26:23
They go by the name Satoshi Nakamoto, but basically he took
00:26:28
or she took a bunch of other computer science assets and put
00:26:34
them away, put them together in such a way that it created
00:26:37
Bitcoin. They didn't invent anything new.
00:26:40
They just put the puzzle together.
00:26:42
That and this is a puzzle that we couldn't figure out for over
00:26:46
30 years. When we built the Internet 30
00:26:49
years ago, we built it incorrectly.
00:26:51
We built it on top of the banking and credit card system,
00:26:55
but the Internet is supposed to be like e-mail or it's a
00:26:58
peer-to-peer system, but with our money.
00:27:01
It's not peer-to-peer. It's it goes from me to a third
00:27:04
party like Bank of America or Visa, and then it goes to the
00:27:08
merchant. There's someone always sitting
00:27:10
in between us. So we built it incorrectly.
00:27:14
Bitcoin fixes that problem. Bitcoin is the software, the
00:27:18
open source software that allows us to do peer-to-peer
00:27:22
transactions. And people were trying to do
00:27:25
figure this out for a long time. Elon Musk and Peter Thiel, in
00:27:30
1998, they started a company called PayPal.
00:27:33
Paypal's original mission was to create a software like Bitcoin,
00:27:39
and they couldn't figure out how to do it either.
00:27:41
So finally, someone figured it out in 2009, and they just gave
00:27:45
it to the world for free. They could have started a
00:27:48
company with it. They could have patented the
00:27:51
information. They could have had a big IPO
00:27:54
and made billions of dollars. But they didn't.
00:27:56
They it was a gift. They just gave it to the world
00:27:58
for free. Not knowing who's Sakadi
00:28:03
Nakamoto, whatever his name is, Satoshi Nakamoto.
00:28:06
Yeah, Satoshi Nakamoto. Yeah, that it's an entity or a
00:28:09
person. That part's a little shady,
00:28:11
though, you got to admit. Like, it doesn't.
00:28:14
Don't they or he or whatever have a pretty good financial
00:28:17
stake in Bitcoin that kind of sits there?
00:28:22
Yeah, so the we we also made a short film called What the FUD.
00:28:26
And FUD stands for Fear, Uncertainty and doubt.
00:28:30
It's a slang word in the crypto community.
00:28:33
So if you watch that 15 minute short, which is also on our
00:28:36
website, you're to God bless bitcoin.com.
00:28:40
You'll see the movie and you'll see the What the FUD, that 15
00:28:43
minute segment addresses who is Satoshi?
00:28:47
You know, how can he be trusted? You know, bit, you know,
00:28:51
bitcoins bad for the environment, bitcoins used by
00:28:54
criminals. It addresses all those concerns
00:28:57
in that short film. But to your question a while
00:28:59
ago, the the person who invented Bitcoin controls about 5% of all
00:29:08
the Bitcoin, but that Bitcoin hasn't moved in 14 years.
00:29:12
It's been. So we don't know if that
00:29:14
person's still alive or or what, but it just sits there in that
00:29:18
wallet and it hasn't moved for 14 years.
00:29:21
Yeah, it's interesting. Persons we don't know.
00:29:24
It might not be just one person. It could.
00:29:26
Be a right persons. Right.
00:29:28
That would be my guess. Mine too.
00:29:30
Yeah, my my guess is the CIA or the an.
00:29:32
Organization. If yeah.
00:29:34
Could be. Where do you see, where would
00:29:39
you project, let's say a decade from now, we're going to be with
00:29:43
either bitcoins, assuming it stays king, or at least with
00:29:46
cryptocurrency and how it's being utilized?
00:29:53
I mean, cryptocurrence, Bitcoin is his area of expertise.
00:29:56
I'm a teacher, so I am going to let him, I'm the one who put the
00:29:59
story together. He's.
00:30:01
Are you confident it's here to stay and is going to replace and
00:30:04
revolutionize? We're just we're at at some
00:30:07
point, like within five years, is it going to be like where my
00:30:10
parents still write checks and they're always going to write
00:30:12
checks. That's how credit cards are
00:30:14
going to be like. Most of young society will be
00:30:17
like this. Like my kids age would be around
00:30:19
20. Are they going to pick up this
00:30:21
stuff and make it mainstream like in the next 15 years, would
00:30:25
you think? You're, you're 100% right.
00:30:26
So, so I remember my grandpa when he made investments, he was
00:30:32
investing in gold and silver. My dad.
00:30:35
Made in cash. Yeah, my dad was making
00:30:37
investments and like doubly savings bonds when I was growing
00:30:41
up. When I grew up, you know, when I
00:30:43
was, you know, adult, I'd be starting investing in stocks.
00:30:47
But our kids, you know, if you look at our kids, they're
00:30:50
investing in Bitcoin. 70% of millennials own Bitcoin.
00:30:56
So it's the new asset class. And there's going to be over $40
00:31:01
trillion that's transferred from the older generations down to
00:31:06
the millennials over the next 20 years.
00:31:09
And a lot of that $40 trillion is ongoing to Bitcoin as they
00:31:13
inherit that money. So this is the new preferred
00:31:16
asset class of millennials. It's the future.
00:31:19
We're on what's called a megatrend.
00:31:21
And megatrends don't stop. A megatrend is like when cars
00:31:25
were invented or like when washing machines were invented
00:31:29
or when computers were invented or cell phones.
00:31:33
These megatrends, once they get going, they're unstoppable.
00:31:36
And you know, we're on a megatrend for mass adoption of
00:31:41
Bitcoin over the next six years. Interesting what happens when
00:31:46
the 21 is filled up that about 100 years out.
00:31:51
It is about 100 years out. So the amount of Bitcoin that
00:31:54
gets issued out daily is about 450 Bitcoin today.
00:31:59
And the way the software works is that that reward, that 450
00:32:04
Bitcoin reward that gets sent out to the people who clear the
00:32:07
transactions on the network, that gets cut in half every four
00:32:11
years. So in about four years it goes
00:32:13
from 4:50 to 2:25. And so there's 32 of those
00:32:17
Having's that will occur in the software and we've had four of
00:32:22
the 32 and it's going to take about 120 years to have the next
00:32:27
28 Having's. And I mean, we're predicting way
00:32:32
out. It's getting ridiculous.
00:32:33
But would you think it just it kind of ends up being like gold,
00:32:36
then it's kind of used up and it just it becomes more valuable
00:32:39
and gets spliced down like you're talking about?
00:32:41
And that's when you're going to find out where that 5% means
00:32:44
that organization's going to pop out in 120 years and they're
00:32:46
going to make their move. Yeah, I mean, there and there
00:32:49
are models out there, Michael Saylor, if you go online and
00:32:54
search Michael Saylor, Bitcoin Nashville, you'll see his
00:32:58
presentation there. And you know, in his
00:33:01
presentation, he puts a value of Bitcoin at $13 million in 20
00:33:06
years. Fidelity, which is a very, very
00:33:10
large investment firm, Fidelity, they say Bitcoin could be worth
00:33:15
a billion dollars per Bitcoin in the future.
00:33:18
So you know this, you know, if you just own just a little bit
00:33:22
like .1 Bitcoin or .01 Bitcoin, you know that that's all you
00:33:27
really need to own. But you know, you should
00:33:29
probably just, you know, learn about it and see if it's
00:33:32
something you should know about. And that's.
00:33:34
What our? Phone.
00:33:35
Is about, it wasn't about. People often think when you're
00:33:39
saying, oh, get into Bitcoin, they want to get rich.
00:33:41
So hear numbers like that from Michael Saylor or other
00:33:44
projections and they really think that Bitcoin is a way to
00:33:48
get rich. That's not what our film is
00:33:51
about at all. Our film is about saying there
00:33:54
is this alternative form of gold that allows you to hold value
00:33:58
for yourself that other people cannot take from you without
00:34:02
your permission. And so those who live in
00:34:04
poverty, those who are wage earners, this gives them hope.
00:34:08
And that's the whole point of our film is to open their eyes
00:34:11
to it. I want to make really clear that
00:34:13
we are not saying that it is a way for people to get rich.
00:34:18
No, it was. It was.
00:34:21
It definitely comes across as personal freedom.
00:34:23
If the banks closed down, you still have your money.
00:34:26
If you're in a third world country or who knows our someday
00:34:28
and your government wants to lock up your money, you have
00:34:31
access to. It's a global open source
00:34:33
system. And that is already happening
00:34:35
all around the world. For many people outside of the
00:34:38
United States, Bitcoin is the difference between life and
00:34:41
death. They would have helped a lot of
00:34:43
people in the past, historically.
00:34:45
For sure. All right, so I watched it on
00:34:48
YouTube. I'm going to put the YouTube
00:34:50
link in my notes. Show notes.
00:34:52
Is that the primary source where you want people to go?
00:34:54
You mentioned a website too, or you had like that extra video?
00:34:57
What? What's your website?
00:34:58
Our website is God Bless bitcoin.com and on there you can
00:35:04
watch it for free and not only that, you can download it for
00:35:07
free. So if you want to host a
00:35:10
screening for your church group or a friend group, you can.
00:35:13
We made this completely open source because our goal is 1
00:35:18
billion views. We want to spread the message to
00:35:21
as many people as possible that Bitcoin is hope.
00:35:24
It is a way for you to find a store of value for yourself so
00:35:28
that you can plan your life for you and your family.
00:35:32
So God bless. Bitcoin.com has that there, but
00:35:36
you can also stream it on YouTube no problem.
00:35:39
Yeah, I for sure when to play the trailer because the it's so
00:35:42
well done visually. Technically, you have so many
00:35:46
big shooters in there. I don't know who else you could
00:35:49
have put in there except Elon Musk, I guess.
00:35:51
I don't know, but I would try him.
00:35:54
You did. As I say, everybody but him is
00:35:56
in there saying no words. It's very impressive for sure.
00:35:58
Thank you. All right.
00:36:00
Well, I appreciate you both. Being on it was enlightening.
00:36:04
Some people like me may have to listen to it a few times, you
00:36:06
know, let it sink in. But it's good information.
00:36:08
A lot of people say that. And that's good.
00:36:10
That's why it's on. There, there's a lot of
00:36:11
information in there, so you probably do need to watch it a
00:36:14
few times to catch all the information that's on there.
00:36:18
All right, great. Thank you.
00:36:19
Thank you. Thank you.
00:36:21
Counted among the outlaws, he said.
00:36:23
Come follow me. People from all walks of life
00:36:27
since, but then becoming outlaws.