The Bitcoiners Won | Animal Spirits 386

[@TheCompoundNews]

Today's show is brought to you by Roundhill Investments and the Magnificent Seven ETF, ticker symbol MAGS. Learn more at: roundhillinvestments.com/etf/mags

[@nicholas5396]

When i see roundhill investment ETF advertising again its my indicator we are back in the beggining stages of the 2020/2021 everything bubble 😣. Quietly waiting for people to start recommending NFTs again.

[@jeffb.2469]

Thanks for mentioning us Veterans. My bank was closed and the kids didn't have school, but this guy had to work.

[@g.i.520]

😢

[@TheCompoundNews]

Thank YOU Jeff!

[@rossmacintosh5652]

47:12 There are four types of fondue: Cheese Fondue, Chocolate Fondue, Oil Fondue (also known as Meat Fondue or Fondue Bourguinonne), and Broth Fondue.

[@EdTheFed77]

Ben your hindsight observations are spot on. Interesting!

[@conradhenninger2209]

And this is why we like you Michael...calling yourself out for not seeing the election outcome. Like Ben always says people really really HATE inflation!

[@ThorTheOdinSon]

82k btc? it was 93k today lol

[@lheitproductions5343]

Thank God for the chapter splits ! ✊🏽✊🏽

[@cliffpeebles9705]

Rob Zombie - What a beautiful way to start a Sunday morning. LOL Ben!

[@seangrealish8741]

Great random Wedding Singer reference.

[@TheCompoundNews]

Ben showing his range

[@GregDubela]

Feels good to win.

[@DigitalAssetNews]

First and we did.

[@simrans3675]

Rob!!!

[@heathseegers3843]

While all the economic numbers look strong, it does not affect everyone the same. If you take a median number remember that half of the population is below that number. There are some people whose income did not rise with inflation. There are some people who can't afford housing rising or the cost of food going up. Average and medians do not apply equally to everyone. People that did not rise with the economy or were adversely affected by Covid and inflation probably did not vote for Harris. Think small business. Mag 7 did great. How many small businesses did not. Higher interest rates on their loans, high inflation on supplies, rising wages needing to be paid to their employees. Not all these people are wrong that things are not better for them.

[@СергейКазимиров-э3ь]

Great content, as always! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

[@clamdiggerme]

Negative sentiment is easier to adopt than positive sentiment.

[@cliffpeebles9705]

I agree because good news is harder to accept. I wonder what Daniel Kahneman would say.

[@causeceleb]

To remove a broken cork push the remaining cork into the bottle. Use a wire coat hanger or similar with a u-shape bend at one end around 1-1.5 inch long. Try to manoeuvre the cork so it’s partially in the neck of the bottle with the wire between the cork and extending out the top of the bottle. Centre tge hook in the middle of the cork and pull it upwards. Depending on how much cork powder ended up in the wine decanting and filtering may be required. 20 years of hospitality a d a few broken corks later…..same technique can be used to unlock old car doors when you lock your keys inside. Always keep a coat hanger handy haha

[@plusev7257]

This should read "The Bitcoiners Won Again"

[@ChairGoogle]

I think Saylor is inspiring the way a lot of people think Buffett is. The gains following his lead have been insane

[@volfan2053]

Watched Anora on the rec from Michael last week and he was right. It should win some awards, idk which ones, but it was fantastic.

[@WanderingExistence]

Been telling people that it's going to over 100k

[@Sperggy]

With all due respect, if you didn't take the Afghanistan withdrawal into the equation I don't know what to tell you. The Afghan withdrawal was emblematic of this current admin imo. It's not that it was done (everyone supported & wanted it), its how it was done. Its like paying to fix the car you wrecked, taking credit for fixing it, & telling the wife it was for her birthday.

[@FridrikOG]

Been listening since pre covid, but what is "gram rapids hedge" ? 36:30

[@stevenlippold]

Hahaahahahahahah. Im with you Mike (i was yelling at myself so much for not recognizing the disatisfaction voters had)

[@DAJERSEYJINX]

82k. OLD NEWS! It hit 93.5K today!

[@windycitybeats6724]

Should be at 0 😂

[@jasonsermersheim9191]

I think taking a victory lap or telling the positive story would have actually made the situation worse. It would come off as gaslighting and out of touch to people that are angry about how things are. There isn't anything Harris could have said to convince people that things are good

[@steveboyd3455]

When you buy a share in a company, you have an underlying asset that generates revenue, and income; when you buy Bitcoin you are simply hoping someone dumber than you will pay more for it than you did. It generates nothing and is 100% speculative. You can think of it as a currency, but so far there is no ability to actually use it, the way one would a $20 dollar bill at a gas station or restaurant. Maybe things will change, in the future, but I don't see governments wanting to give up control of their national currency. I am therefore immediately suspicious of anyone promoting Bitcoin and see them as a huckster, selling snake-oil.

[@randomtrends2606]

Bitcoin is a Tulip!!! A digital Tulip!!! And don't say this time it's different.

[@fungdark8270]

Clowns to the left of me, jokers to the right…

[@Nedumgottil]

Wish I could make it to the Chicago event, hope to make it to the next one

[@porterstreator]

Great analogy re:election messaging (guy who throws the punch gets the flag) The message doesn’t matter when there’s a flat messenger

[@baumulrich]

both are called Fondue. the meat one that you tip into a boiling pot is called Fondue, and the cheese one is called cheese Fondue.

[@1daves]

It was way more than just a messaging problem!

[@GreyAndSheep]

Couldn't agree more with the small house thing. As someone starting out after getting married, maybe one kid, or even living single, Nobody in their right mind wants a 4 bedroom house that is way too big to clean and keep up.

[@maxskywalkr]

The extra space is nice though

[@bigworm3886]

Bitcoin is going to 150k per Tom Lee and 500k by 2030!! 🎊 🎉

[@sburson05]

Recommendation: The Substance (only watch in the cinema)

[@Nick-fd4nz]

Shocking that Ben agrees with the “non-partisan” that shares his economic world view lmao. It turns out that aggregate level employment data and wage gains relative to your preferred measure doesn’t translate to people’s individual circumstances. To think that people feel the way they do about the economy is because of political messaging, or lack thereof, and not people’s individual real world experience is delusional.

[@leesmith9299]

i take larry david's view on the whole veteran thing. it's nice to meet them.

[@fungdark8270]

I was saying a year and a half ago that the economy was gonna hurt Dems bad if it didn’t get better fast (it mostly did but didn’t matter, the damage was done) and then the “Middle East conflict” stuff on top… But as my views changed a bit over the same time, I didn’t want it to be true and went with optimism lol I had all but forgotten that I was cheering on a dem loss for the very reason that’s arguably the big reason

[@cliffpeebles9705]

My take all during that time was that border security would be the motivator, and I was shocked when the the mainstream media carried the story.

[@fungdark8270]

@ Funny because it’s a law issue way more than a border security issue. The asylum system needs to be fixed because that’s what’s being abused, and there was a bill to help that but they needed to push it as an issue for the election

[@cliffpeebles9705]

@@fungdark8270 I don't disagree. I think our immigration policy needs to be reworked top to bottom. We need honest workers, and we want to avoid criminals. How do we achieve that? A solution is out there. Hopefully we can put politics aside and arrive at something that is fair and effective.

[@moogoogaipan3089]

michael was talking in circles in the beginning. one moment saying that telling everyone inflation is under control is not convincing to people who see prices jacked up, and then says the dems should have touted how everything is good

[@jasonroth4055]

Worry not, Michael. Shakespeare has plot issues too!

[@TheCompoundNews]

haha

[@patrickharrison9677]

Ben sour about the election

[@SoDakJason]

I wouldn't mind that 1,000 sq. ft house (I currently live in a 650 sq ft apartment and that suits me). I think the real question for Michael though would be, where is the mudroom in a house that size?

[@scottjenkins6490]

This is a different cycle for BTC than in years past…the adoption rate is too high and tipping point has been reached. The perpetual bid is here as the asset class is given full institutional, government and regulatory support domestically and globally

[@stctjc]

Bitcoin is today’s equivalent of the Dutch Tulip bubble.

[@mikekanecopywriter]

15:00 guys, Theo was going for the jugular, what do you think Druck would do

[@clamato54]

Dissatisfied and angry because they're being told to be dissatisfied and angry

[@JamesDell-ni9hp]

Id like to see a chart with the rise in national debt and the rise of sp500 on the same chart.

[@toddpolish]

Take my like before listening

[@TheCompoundNews]

Thanks, Todd!

[@midwestcannabis]

🥳🥳🥳✌️✌️✌️✌️

[@cliffpeebles9705]

🍺🍺🍻

[@midwestcannabis]

@cliffpeebles9705 🤩🤩✌️✌️✌️🙌🙌🙌

[@cliffpeebles9705]

Another holiday season on the horizon with your child! Enjoy MWC!

[@matt.stevick]

party on

[@midwestcannabis]

@matthew.m.stevick Indeed brother! 🙌🙌🥳🥳✌️

[@commycomentor9695]

Ben is starting to look like Eminem

[@flubby1982]

89,742 as of 10:30 central. Pulled back from highs of 93.

[@matt.stevick]

🐋📈🇺🇸

[@mclaughlin2008]

Ben looking through a Fed lens #FOMCisBen

[@ErickaWilliamsCC]

come on BEN... come on..

[@clamdiggerme]

If you mine crypto, you know it is not profitable to mine. You also know you can’t effectively use crypto as a currency since it is too volatile and no infrastructure to support it at the point of sale. So its value is only what someone will pay you for it.

[@alexnhan8527]

I completely agreed but bought some anyway because of the Musk fanboy/bro/incel trade.

[@SoDakJason]

It's an asset class based on nothing but speculation. There's no earnings, no default risk, no use case (other than email sextortion scams). Just pure speculation.

[@2023gainer]

Crypto/ EV / AI ..The Future..Now. Bitcoin/ Rivian/ Vocodia.Vhai Thumbs Up video/ comments. Thanks.

[@MSTRtotheMoon]

Justin timberlake is a bit salty about bitcoin while Vin Diesel is just cool. Anyway you should probably sell at 400k bitcoin not 100k

[@stadiojunkie]

Ben, that beard will be fully grey in under three years. Get ready. Welcome to middle age.

[@willstar3760]

Ben is butt hurt about the election 🤣

[@zn3738]

Ben was bummed when Hillary lost too

[@Crusde]

I guess its okay to have preferences in a free country. Obviously you guys seem extremely happy with the election outcome.

[@jg3435]

I prefer when you don’t talk politics to be honest. First show I can’t get through.

[@FuriousWeasel-09]

There's an ETF for 7 stocks? With an expense ratio of 0.29%? 😂😂😂 yeah, ok 👍

[@kosi42]

Meat you cook in a liquid - sous vide?

[@mclaughlin2008]

Ben hates common sense thinking.

[@jimbojimbo6873]

Who wouldn’t, brainlessly relying on feels and vibes? Yh don’t blame him

[@jorgealvarez007]

Why not just pay taxes ?

[@Bigredbulldog401]

Ppl are waking up

[@earlrothfus708]

How much of people's feeling that the economy is bad comes down to them just being very upset that they no longer get stimulus checks?

[@ppandit7091]

For the first time, Batnick sounded dumb when he started speaking about Bitcoin. Ben is someone we put up with but c'mon. Not you Batnick.

[@maxskywalkr]

Ben I was disappointed in the election results too. Im glad to see you are a reasonable person

[@Frederick0220]

You shouldn't have trotted out the worst candidate in US history. The cackling, word salads, supporting BLM rioters, supporting defunding the police, supporting taxpayer funded s3x changes for ill3gal immigrant fe3ons. Lowest approval rate by a VP in US history. Worst inflation in 40 years. Rising viol3nt crime. Rising foreign wars. Worst border crisis in US history, even tho it has briefly gone down the last few months. Doesn't change the previous 3.5 years.

[@paulhobbs9123]

Just here to say please God don’t sell half your bitcoin at 100k. You’ve held through thick and thin and now you’re selling as the United States and other countries are fully embracing it, while in the exact beginning of the move upwards post halving?? Please do more research, hold the bitcoin, and thank me later.

[@trevorgrigg3643]

😂😂😂 operation warp speed was not successful

[@Nedumgottil]

Can we get better moderation on all the telegram crypto scams people comment on these videos?

[@Sam-n3z9s]

Mike repeats 30% of his takes and jokes between podcasts :(

[@LC2460]

Which one

[@smallinvestor1713]

DOGE is a better value.

[@johndarsey8791]

you guys are wrong on the economy. I run a business that touches many aspects of the economy. It has been as bad as the GFC. The overall numbers did not look bad and we did not enter a "recession" because the gov overspent. They make up 1/3rd of the GDP. We will get the recession later.

[@CuriosityCollective_]

Getting harder to listen to these guys. Need a pod in (similar format) without the huge lib bias.

[@g.i.520]

Same!!!

[@aboucher2110]

You know what they say, facts have a liberal bias

[@spenndoolie]

Immigration… that was the issue… everything else is secondary