We are back, baby.
Back.
It's been a while.
It's been a, it's been a minute.
We've uh, we've been a little busy.
Little busy.
We have, we're still leaking out episodes from Austin from
November that we never released.
Right.
We, we gotta get Christians out.
Christian Lopez, we release this.
We gotta get it some point.
We did.
Yeah.
Did that one come out?
Dude, I need to go like tweet some stuff about that.
No, it was a good episode.
Yeah, Christian's the man.
I love that dude.
We've been putting in a lot of work behind the scenes.
I know it may not seem like it and everybody keeps asking us,
Hey, are we still doing episodes?
Of course, we are just wanting to go a little bit of a different direction.
I think with the show, you know, we've wanted to expand the scope.
Give more into the intersection of not only Bitcoin mining and
energy, but really AI compute and infrastructure, uh, and power generation.
I think that that's just, there's a convergence that's
happening between all of these.
We've seen AI players turn into Bitcoin miners, Bitcoin miners turn into, I.
The AI players power is gonna be underpinning all of it.
It's the, you know, it's the hot topic at, you know, any
gathering, uh, in this space.
And so, plus there's only so many Bitcoin miners.
We can only talk to so many groups.
And so really wanting to understand everything that's happening, I.
At this intersection between all of this, and that's where I'm focusing
my time personally and as, as are you.
And we'll kinda talk some more about that, but wanting to expand
the, the scope of the show and really wanting to, to put a lot more
effort, uh, into this mean it's fun.
We, we really enjoy it.
And so we're gonna be taking this thing on the road.
We'll be hitting, uh, Bitcoin 2025 conference.
Uh, probably doing a whole bunch of shows there.
There's also, I, I got, um, somebody mentioned to me,
uh, Bitcoin Park in Austin.
There's something that's happening.
Yeah.
They're doing the Texas Energy and Mining Summit.
Uh, I think it's May 6th and seventh.
And I don't know if you ever got to go to the one in Nashville at Bitcoin Park.
Uh, no.
I never got to make it out.
Dude is super dope.
I think it's one of the best, um, events that I've been to and really
high quality speakers, high quality content, and Bitcoin Park is just dope.
Really, really dope.
The Nashville one, uh, Bitcoin.
Commons is now Bitcoin Park Austin.
So that's what it is.
I've had people ask me about that too, and I'm like, you know, I
wasn't sure until I saw it just literally like a couple weeks ago.
So, um, but yeah, they're doing the Texas Energy and Mining
Summit May 6th and seventh.
Um, I'm just waitlisted.
I don't know what that means.
I don't know.
I, I, I hope I get in, like I've been involved in mining in Texas for a while.
I, I'm Parker, dude, you gotta, you gotta get me in there.
So.
Yeah, I, well, I mean, he's part of it, so they, I, okay.
I'm not sure, I haven't heard the story of like how, 'cause Bitcoin park, um,
in Nashville, like they set up that whole facility that, how did you go
there when you were out in Nashville?
N no, I never get to tell that dude.
It's, it's super, it's sick.
I love the way they did it.
They, they had, you know, that kind of site and I think.
Now Bitcoin Commons became Bitcoin Park Austin.
I think they're kind of trying to implement the same type of vibe
and all that, which is super cool.
And, and I think they're, you know, that event, they were usually
doing it like South by Southwest, um, or during Bitcoin takeover.
Um, I think it's kind of.
Uh, you know, they still did that this year, but I think it's kind of like,
you know, maybe this is gonna be more like the event in Nashville and Gotcha.
Again, they do that in January.
Um, super cool though, man.
Really just high quality folks there and much more intimate than like your typ
typical like conference or whatever, which we should talk about in power, by the way.
So we were in Fort Lauderdale for Money Disrupt, and we got a lot of time to
talk and got to talk to a lot of people.
And this has been a theme for at least like the last year, is everybody kind of
corners me at a, uh, social gather and they're like, when are we doing in power?
Can you please bring it back?
So.
We've been thinking about it and it's something that we definitely
want to do for the community.
However, I don't have the desire to host another really large
conference, and I'll tell you why.
Uh, for one, it's a lot of work.
Um, the last three empowers that we did took six months of my life each,
and that was like pretty much the only thing that I was focused on.
Don't get me wrong, they were amazing and I loved it, and it was awesome.
I'm so glad that we did it.
Um, but with everything that I have going on, it's, it's just not, uh, realistic.
And the same thing is if I put myself in the shoes of an attendee, right?
Usually you're there for a few different reasons, right?
We're all there to do business, we're all there to network and hang out.
But if you really get down to, I.
Making those kind of connections.
You know, if you're somebody who's like new to the space and you're looking
to get deals done and you show up and there's 1200 people there, you're kind
of just shotgun blasting, you know?
So you'd go hang out at the expo for a little bit, go to the content, hang out
at the networking parties, and just try to meet the people that you're looking for.
So we have kind of started to reimagine what Empower can be.
And so if we can get jump to straight to the end of like making deals happen
and making Empower a little bit more deal centric, what does that look like?
And so we've been talking a lot about reimagining this
as more of like a retreat.
And so the numbers would obviously be significantly smaller.
This would be a lot more of an exclusive event.
And the vision here is to bring together miners, uh, AI infrastructure groups,
data center builders, um, people in the power gen space and capital providers.
Right?
And so I see the.
The, the nucleus of this really being centered around having groups
that have vetted deals, come out and pitch their deals to the room, right?
And then have the investors be able to look at, uh, perspectives of all
the deals, including the deal that's being presented, and then say, Hey,
I would love to meet with this group.
And then after that, move on to some speed dating.
To where we can actually make these things happen.
Um, events like this have been very successful in the past,
in totally different spaces.
Um, this is how I met some people that I've become great friends with
in the past through, uh, like the Rice Alliance does a, like a tech, uh.
Like a VC thing.
So if you're a startup and you wanna meet with investors, I got to meet
with a ton of investors, get a lot of really great feedback, um, with people
that I'm still friends with today.
And so just taking that same kind of format, so it's like
that kind of meets like Nape.
But for this space, I.
I think that that would be really magical.
Um, so from the, the, the vision here is from the time that you land at
whatever the venue is, that we decide everything will be all inclusive.
And so this, the ticket price, whatever it may be, will include,
um, the two nights of stay at.
It's gonna be a really nice place wherever we decide.
Um, all food, all drinks, everything else.
Uh, there's gonna be a lot of activities that we're gonna be doing.
It's not just gonna be stuffy, sitting at a conference watching
a ton of, um, panels all day.
Um, there's not gonna be an expo portion whatsoever.
Um, so we have already started a wait list.
And so if you wanna go to energizing bitcoin podcast.com,
there's a wait list you can go and, um.
Throw your name on there, give us a little bit of feedback, and uh, we
plan on kind of opening this up and if there's enough demand and if people are
interested in enough in this, then we'll pull it off and we'll do it sometime
in probably the first half of 2026.
Yeah, and um, I'll be honest, man, the biggest reason I'm excited about it is.
I am really sick of conferences being basically the same thing.
And we've talked about this a lot, um, and I've heard it
from literally this week alone.
I've had like five people talk to me about how boring the conferences
have gotten and just repetitive.
And, and it gets to where it's like, man, we're literally just seeing each
other in a new town or a new city.
Same people over and over.
This, this.
Think there, there's room for this, in my opinion.
I mean, we wouldn't be trying to do it if, if we didn't think there was.
So I think it'll, it'll go over well and I think it's, I
think there is a need for it.
Um, you know, we'll get into a little bit about what each of us
are working on and, and doing now.
Um, but bringing capital to groups that need it, um, and
groups that are looking for it is.
What it, it's a great purpose for a event like this.
And, um, I know you, you recently went to one and felt like you, you know, you got
a lot out of it and, you know, new wave, like, I think you mentioned it already.
I know we've talked about it so much, so that might be what's in my mind.
But New Wave was one.
Um, it's where I met you dude, so yeah, so, but it was a lot closer.
Yeah, more intimate.
It was the only, it was the only retreat that we ever did with,
with Digital Wildcatters and there was like 60 people I think total.
And we had some really great names.
Uh, Toby Rice was there, John Farber from Lime Rock, uh, a bunch of other people.
And yeah, we had a couple small little sessions about some hot topics, kind
of Chatham House rules, and then we had a variety of activities and
dinners and the fire pit was open until like, you know, super late.
People were out there hanging out, doing, doing oil and gas deals until like two.
Yeah, Justin tries to beat up a comedian.
Um, thankfully that didn't stifle his career.
He's gone on to do great things and he's become really popular.
Who, me?
Or the, uh, comedian?
Uh, both, you know?
Yeah.
Uh, definitely him.
He is definitely.
But yeah, like that, like you said, that's where we met.
We just so happened to get matched up on the, um.
On the golf day.
And so we were in the cart together just kind of driving around and
then we just kind of hit it off and, you know, everything you see
here is, is, is a result of that.
So yeah, mashing kind of like that new wave retreat concept with, with the
empower crowd and expanding the scope of that a little bit to include our
brethren in the AI and power gen space.
And so if this is something you guys are interested in, fill out the wait
list, give us a little bit feedback and uh, we're gonna pull it off.
I think it's gonna be super dope.
I do, and here's the thing, I just, we, we have a little bit more freedom because
historically we were constrained because that was the business model at the time,
um, for Digital Wild Canada, right?
We're a media company.
We had to make money on those.
So to be absolutely clear, this makes money great.
If it doesn't, as long as it like breaks even then we're like totally fine.
Right?
And this is more of, um.
Continue to move the space forward.
Um, you know, this, this is aligned with, with what both of
us are doing kind of individually.
And so we want, we hear you, we want to do it.
Um, this is how we're imagining it.
And so if this is a great idea, fill out the wait list.
If it's a terrible idea, fill out the wait list and also tells a terrible idea.
Um, and then we will take into consideration that feedback as well.
Right.
But again, it's gonna be dope.
It's gonna be a good idea.
It's gonna, yeah, we've already talked to a lot of people and
they're all, literally everybody I've talked to is super excited about it.
So, um, plus man, I mean, there's a cool factor.
Like Jake Corley is gonna be there, you know, running shit, coming
up with, I mean, where else are you gonna get that, you know?
No energizing Bitcoin.
That's it.
Well, you've had a lot of life changes recently, so what do you, yeah.
What do you, the people don't know what you've been up to.
I know what you're up to, but what, what, what life changes have happened?
What are you working on?
What are you excited about?
Uh, man, all kinds of them.
Um, so big one, obvious one for, um, me and you that we've talked
about is, uh, no longer with Aon.
Um, that was, that was as of, I don't know, a month or
two ago, something like that.
Um, close some nice deals there.
Uh.
Create a lot of value and, and opportunity and, um, proud of that
and excited about, um, what I did.
But, uh, just, you know, it was time to, to move on to different things
and I wish them luck and I think that, uh, they, they will have some
good things going on, I'm sure.
But, um, yeah, man, it was just.
There are some opportunities out there too that I think I want to pursue a
little bit more, which we've talked about.
And, um, one of 'em is, uh, I, I've been doing a lot of work with Texas Energy
Group and Waylon Johnson over the last, and it's been probably eight months,
honestly, since I've, I've been around, uh, working with him over there at TEG.
Uh, they're trying to get their name a little bit bigger.
You know, he, uh.
He sold pump jack power last year.
Um, I think, you know, they've been kind of closing that up for a while.
So, uh, this is like a new endeavor that he is got going and, um, we've
got some cool stuff we're working on, on, on the gas side of things, so.
Everybody's gonna, we're gonna talk about that with you too.
But, um, yeah, it's, it's, we've got a lot of traction.
I'm excited about what we're putting together and there's a big
need for it, as we'll talk about here in a little bit as well.
Um, but also, uh, working with Emery Energy and my boy Russell
Koon over there and George McHale, uh, been working with those.
Russell Russell's great.
I get to meet him for the first time in Fort Lauderdale.
This's a chill guy, dude.
Super chill.
He's just immaculate vibes.
Right?
You gotta meet George too.
You, yeah.
George is phenomenal.
Well, yeah, you met him on when he came on the show.
Yeah.
But like, man, just those two dudes.
Like I got, I got a few friends.
All right.
I got a lot of people I know and that I consider great people.
Um, but like my close, close friends and Well, obviously
you, you're my boy dude, but.
George and Russ are two of the other ones.
Um, obviously there's a lot more too, and everybody knows, you know who you are.
Um, Mario, you're one of my boys too, so, but uh, but like it's hard
to find people that you want to work with, um, for a long time and that
you can kind of trust on that level.
Um, you are one of 'em, like I just said, but Russ and George are definitely
on that list too, and like for me.
Like being spiritually aligned with somebody is hard to find.
'cause I'm kind of a weirdo and a little bit of a hippie.
Um, but we're all dying, right?
We're all dying.
I got, I'm getting that tattoo.
My daughter, Ash actually asked me about getting a tattoo the other day.
She turned 18 and I've been kind trying to figure out where.
To push her and the whole Memento Moray Marcus really stuff.
I'm trying to really get her into that.
So yeah, man Mo, we're all dying.
And, uh, George and Russ both like, understand that and like live by that.
And there's, there's making money's very important when
you're going to business ventures.
And it's actually like basically the goal.
Um, but doing so with people that are like.
Spiritually aligned with you, dude, and kind of got the same philosophy
on life and outlook is really, really, really high importance to me.
And uh, so yeah, dude, I'm excited for what we're gonna be doing over there.
We're basically a way I would describe it is.
Almost like, uh, well, we're, we're mining already.
Um, but you said the site in Victoria, right?
That you guys set up, right?
Yeah.
You got site in Victoria.
Um, and it's doing great, um, but going to expand a lot more and look for other
mining opportunities, uh, in addition to some like more creative ones and working
directly with some co-ops or utilities and load balancing and looking for kind of.
Peak time, uh, structures where we can almost work with those groups
to attack some opportunities.
And I'm, I wanna look at some wind farms and a whole lot of just
generation opportunities where, you know, you don't necessarily,
they're, they're quick returns.
Um, also really looking heavily.
Into things like quarterly energy, which I'll let you talk about.
But, um, the power generation side we're very, very, in getting into
some oil and gas opportunities, like just blending all the, the things that
you and I and have spent probably the last 10, 15 years of our lives on.
Um, and kind of combining 'em all into opportunities that are gonna be really,
really, um, accretive financially and and of value to us and to the company.
But.
Also just doing it with kind of the, the right intentions in mind, man.
And so I'm very, I'm, I am super excited about all the stuff I'm working on.
Uh, Waylon's a great dude, TEG.
They've got a great group of people over there.
Um.
One of my daughters is over there, uh, as well.
So that's been fun and getting to work with her.
And, uh, I know we've talked just about it before, but we're gonna have kind
of TEG stepping in and doing like, uh, some ercot updates and market updates
going forward, things like that.
So we're not only.
We're gonna expand the show too, I guess was what we needed and kind
of structure it a little bit more.
In the past, we usually just shoot, show up and shoot the shit and have a
good time, which we're gonna still do.
We don't wanna lose that aspect of it, but we want to, we wanna, you
know, kind of bring some additional things in and expand what we do, but.
But yeah, from a work, from man, I'm, you know, TEG and, and Emory and then
I'm still working some deals on the side and, you know, I got my hand in
a lot of stuff still, but, you know, trying to, trying to narrow the group
of people that I'm working with, I.
You know what I'm saying?
I'm excited for you.
I mean, I think this is, this is absolutely, absolutely right up your lane.
Not to toot your horn too much, but I mean, you see more
deals probably than anybody.
And I think that you're equipped and, you know, especially with, with Emery
to go out and release, cease this, there's just so much opportunity.
So they're lucky to have you, you're lucky to have them.
So I do want to give, uh, a quick shout out to, uh, Jim Meosa,
who he said he is been Oh yeah.
You guys on your site.
So I tweeted, um, my, uh, my mom came to me and she goes, you know what you're.
Son said he wants to be when he grows up.
My oldest who's six, and I was like, what?
She was like, he wants to be a Bitcoin miner.
And I was like, oh really?
And he wants to, wants to be like dad.
And uh, and I was like, you know what, I, I thought about that a lot.
And I was like, well, why wait, you know, he's been out to a site.
He went out to the 10 net zero site, uh, the off grid site
out there, and so he's seen it.
You know, firsthand, he's been to the Bitcoin meetups.
Uh, he's always, he was Adam Empower like all three years.
Um, I was like, you know, why wait.
So I tweeted about that and Gian sent me a message.
He goes, Hey, I'm gonna hook your son up with a bid X.
And so, oh sweet.
Yeah, I've got that being delivered.
And so just wanted to give him a shout.
I was really thoughtful and really kind of him, uh, for doing that.
So if you guys are looking for any equipment, go check those guys out.
Uh, I really appreciate.
Thanks again.
Yep.
Go check those guys out.
Yeah's a good dude.
He actually does a lot of work with us too.
Does he?
Good dude.
Yep.
I love Gian.
Um, so yeah, yeah, totally big fan of him and, uh, and basic money.
Love it.
So what, what about you though, bro?
I mean, I know, but don't you, uh, kind of delve a little bit?
You've talked about it here and there on the show, but Matt, I, you know, I've
alluded to it a whole lot of detail.
Yeah, yeah.
You've alluded to it, but I've alluded to it.
So, and the reason I haven't been like, I.
Full offensive with, with putting content out about that.
Even though I've been recording a lot of stuff behind the scenes that
will release like well after the fact is, um, we, you know, we've, we've
looked at a few different deals and one of the deals, um, and he may be
listening to the show, but we were, we were looking at some of their assets,
some, some oil and gas assets and, uh.
I was like, don't violate any NCAAs right now.
I was like, or NDAs, I'm sorry.
I was like, Hey, like, you know, we know we're like looking at y'all's
assets and he is like, oh yeah, I know.
He's like, I've, I've made a pitch to, uh, management for us
to like go and do this ourselves.
And he pulled this whole presentation.
He was like, yes, where I learned it all.
He's like, your podcast.
And I was like, oh, okay.
So I was like, I'm gonna be a little quieter, uh, about certain things,
but I'll talk, I'll talk high level about what we're working on.
So obviously, you know, um, really the, the seed was planted.
Uh, really with a first in power.
Um, just really just getting thrown into kind of the center of this,
this ecosystem and getting to meet a lot of people and see all the
cool things that they're working on.
And it was a huge, you know, learning curve.
Obviously understanding the oil and gas side, but kind of diving into mining and
then subsequently into, you know, into AI and to, to power generation, all this.
And so.
I was always trying to put together the thesis of like, what does the
energy company of the future look like?
And that was really always my goal in digital Wildfire.
What Digital Wilders gave me the opportunity to have a great platform to
meet a lot of really smart, successful, hardworking people, and to learn a lot
and to build an absolutely great network of people that I can recruit for the
team of, you know, capital providers.
And.
Banks and a variety of other things.
Right?
And, um, it just kind of became clear to me this was something that
I was starting to spend more like nights and weekends thinking about.
And I talked about it publicly about, you know, the direction that I thought
that particularly oil and gas companies should go, those that have a significant
amount of gas and kind of getting more into the Bitcoin mining space.
And, um, it seemingly has fallen on deaf ears.
And so I kinda got to the point to where I was in, uh, I was in Fort Worth.
Me and Phil Stanley were, um.
Just like out having drinks one night and I was like, man, I got this thesis.
Somebody should go like do this and uh.
He was like, well, why don't you do it?
And I was like, dude, I, I have a rule.
I can't just do like one thing at a time.
Um, and so that kind of plan, I obviously don't follow that rule.
You don't follow that rule very well.
I got like any, any point, like 12 jobs, but, uh, Sarah has worked
on me and I'm kind of, I'm, I'm reigning it in, but go ahead.
My bad.
And he was like, well, what if I did it with you?
And I was like, well, then that changes things.
And so, um, you know, fast forward a little bit, I, uh, exit digital
wildcatters and, and left to go pursue starting quarterly energy.
So I guess the million dollar question is what are we doing?
I'm talking about the thesis, but I wanted to kinda give some
context to how we got here.
And so we are, uh, in the process of, you know, fingers crossed.
Purchasing some natural gas assets in Texas.
Uh, it's a significant amount of gas.
Um, and then a lot of other infrastructure associated with a bunch of pipelines,
uh, and some other stuff won't give away too many details so people
don't pick up on what I'm putting down on exactly which site this is.
Um, but we plan on turning all that gas into power.
And so we have the capacity currently for, uh, approximately.
Once you kind of factor in, shrink about 150 megawatts of power.
And so we will be, uh, selling half that to AI data centers and then
we'll Bitcoin mine off the other half.
Um, and then we'll also build an interconnect to be able to sell
power back to the grid, which is.
As we talked about on the show, it's, it's pretty much a lottery ticket,
but, uh, it's a lottery ticket that's worth it, uh, in my opinion.
So we plan on growing the volumes over time through more strategic acquisitions.
If we have to drill, we will, um, we'll be getting a significant amount
of leases as well, but ideally by just acquiring more, uh, other producing
natural gas assets, being able to time into our infrastructure, grow
the volumes, bring on as much power as we can, and then rinse and repeat.
And so we're, we're looking at going up to Alaska.
It's kind of, I logical.
Kind of next step.
There's a ton of gas up there.
People don't realize that that's the largest gas field in the
entire world, and they just don't have a market for it, right?
So they reinject like eight, eight and a half B, CF, a gas a day.
Um, and so they've already been kind of courting.
Hyperscale is up there and Bitcoin miners and they want to
incentivize them to come up there.
Um, so that's probably a logical next step for us.
Also, you know, obviously Ohio, Pennsylvania, those are, you know, right
there in the Marcellus and the Utica.
There's just a ton of gas and so that's something that we, we could consider
potentially in the future as well.
We've got a great team, so obviously myself, Phil Stanley.
For those who don't know Phil, you can go back and listen to the episode that we did
with him, um, kinda a few episodes back.
But Phil was, you know, one of the first investors in Giga.
Um, and he's invested in a lot of other on grid and off-grid Bitcoin mining.
Uh, done very well, done very well for himself.
Um, uh, Mark Meyer.
He's the former CTO, uh, of Apache Corporation.
So Apache, really large oil and gas company been around a very long time.
Um, before that, he ran research at the investment bank, t Pickering and Holt.
Then before that he ran the, uh, Raymond family office, and then
part of that, he was at Goldman.
So Mark's hands, dude, you guys are freaking ballers, bro.
He's a baller.
He's a, he is a hardcore baller man.
He's, um, he's one of the smartest people I ever met in the industry.
And, um, I actually, I went to him not thinking that I was gonna
like, get him onto the team.
I went to him to pitch him and say like, Hey, like if anybody's gonna tear
this thesis apart, it's gonna be him.
And so.
I told him what we were working on and he was like, yeah, this is it.
And then he goes on a monologue for like an hour of like why it would work.
And I was like, oh, I wasn't expecting that.
And I'm like, so what do you wanna do?
He was like, I wanna get back on the field.
I wanna do this.
And I was like, done.
I.
You're on the team.
Sweet.
I said, what's my role?
And I was like, I don't care.
You're like, what the, whatever you want, bro known.
Yeah.
We'll make it work.
And then, um, the man who's doing most of the work right now, who's really put
the team on his back is, uh, Tim Bozeman.
So Tim, uh, started Win Bite acquisition, sold that to MD America, and then
stayed on to, to run that for their investors for, for quite a long time.
And so he's, I've met a lot of engineers, um, you know, throughout my career.
And, and Tim is, is up there with the best of them.
And what I love about Tim is he also is, uh, is not just, uh, not just intelligent.
He was also very creative.
Um, and he always finds a solution to all sorts of problems.
And he's just the most even keel guy you ever met in your life.
He's just very laid back and relaxed and just has like the best attitude
and loves spending time with him.
So, yeah, he's, uh, he's brilliant.
He's doing, uh, most of our evaluation work right now,
trying to get this deal done.
So yeah, he's really putting the team on his back, but it's exciting man.
It's exciting.
I'm fired up, man.
Like getting this close to actually closing on something like that.
Yeah, man.
It's exciting and it's, it's something that, um, I don't know.
I'm gonna be very happy for you.
Very proud of you, man.
Fingers crossed man.
Fingers crossed.
Ain't close it yet, but I'm, I'm hoping the next I know, but man, just ish.
Yeah, and, and just getting out and doing stuff is scary for a lot of people.
Most people don't ever do the things that they actually want to do.
And you know, I'm, this is not intended to be a knock on digital wildcatters
or anything at all, but like I.
Leaving something like that to go pursue what you want to do.
I, I try to tell people all the time is like, just, man, we only
live one time and we're all dying.
Like, don't waste all your time doing stuff either working with
people you don't wanna work with or working in something you don't want
to work with and like get out and go do the thing that you feel like.
God's calling you to do.
Man, don't, don't waste no time.
It's not worth it.
Yeah.
End of the day it's not gonna matter.
You know what I mean?
Yeah.
Like you're, you're going to wanna look back and be like, I, I had a good time.
We get one shot and it's like, man, I hope, I enjoy as many of my
days as possible and when work is that big of a, a portion of your
life, you better freaking enjoy it.
So no point in sitting around doing stuff that you don't really wanna do.
I'm proud of you, man, just for going after what, you know, going
after something you wanted do.
I'm proud you, I'm proud of you, dude.
Thanks.
Thanks, Jake.
I appreciate it, man.
Alright.
You wanna talk some events?
Alright, enough to circle jerk.
Let's, uh, let's get into some things that are happening in the world that
we are paying, paying attention to.
A obviously, kind of the billion dollar question right now is, it's up, it's
down, it's left, it's right, tariffs.
How are, how are you thinking about tariffs?
How are tariffs, you know, kind of affecting, uh, this space?
I mean, the obvious one is, is, uh.
Like the tariff, the pause that Trump did.
Um, you know, there's, that was great.
I made some good money that day.
Um, still on the whole MSTU and MSTR and MSTY, uh, train, even though I
certainly bought in at a high time, I've been, I've been working some
ways to, uh, get some money back and actually this volatility has helped.
So, um, that's been good.
But there's obviously a lot of uncertainty right now and, um, the tariffs.
With China being kinda really the, the, I feel like it's really the
US versus China the main villain.
China.
Yeah.
Right.
It, it really is.
At the end of the day, it's what it is.
And this, especially with this 90 day pause, but so much of the mining
industry, uh, manufacturing, uh, infrastructure, the computers, everything.
Come from China.
So that's obviously, uh, gonna impact it quite a bit.
Now, the 90 day pause has, gives 'em some relief.
'cause a lot of it comes from like Malaysia, those areas too.
Um, but it is gonna be really interesting to see what happens.
I, I think it was Ethan over at Luxor was talking about like
another 36% tariff on this machine.
On the machine cost.
It, it can virtually make these machines never pay out like that.
That's a reality.
And so, um.
Is this, if, how long these stick around and how, how bad it, it ends up
getting, we're at a hash price right now.
It's like 44 bucks a pet of hash that's low.
And so the margins are already super, super thin.
But, so depending on how long these stick around, there could be
some serious impact on hash rate.
Um, minor profitability.
I mean, I, I.
I don't know how it's gonna play out.
I don't think anybody does.
And that's, that's part of the problem for the market, right,
is we don't know what's going on.
Um, but for miners, like, well, like myself and the ones who, uh, I'm
actually kind of excited because we have machines running here.
Um, and so the value on those goes up quite a bit.
Um, so, and the value of really any machines that already
states that I imagine, which now start to command a premium.
Right.
And if you've seen all the, the, the amount of money being paid to try to
get things in right now before this 90 day window's up, um, I think it's up to
like July 9th or something like that.
There's people trying to get things in now.
Um, but the, the.
The, just the Chinese, um, tariff alone is, it's, it is gonna cause some
serious upheaval if it sticks around.
So, I mean, there's a lot gonna happen.
The, the next 90 days is a, is a very interesting time.
I, I think that there's potential that we could see hash rate.
Be affected, maybe not immediately, but the hash rate, um, increase, could
certainly start slowing down tremendously.
I, I, I do see that happening, but I, I think people are gonna, I mean,
trying to raise money right now, um, with the tariffs in place, I.
I, I don't envy anybody trying to do that if they're a straight
Bitcoin miner right now.
Like that.
It's gotta be tough because there's, there's so much uncertainty as to what's
gonna happen because of the tariffs.
So, um, now that being said, I actually think if you're just looking at purely
for, from like what is the US doing to combat China, I'm still believing
that, um, there's a plan in place and.
You know, there, I, I'm, I'm with the whole narrative that there is
going to be pain before there's a lot of gains, and so I'm, I'm,
I'm in it for the long haul, man.
I'm not, I'm not gonna bail on, on this strategy that Trump's had with it.
I.
I trust them to continue to move forward and, and hopefully it works out and,
uh, hopefully we got a better, uh, hand of cards than, than the Chinese do.
Um, but for the mining world, I think there's gonna be a little
bit of pain from this for a while, and maybe not a little bit.
It might be a lot of pain.
Yeah, it's, you know, I've, I've, man, I've tried to educate myself as much as I
can on the topic and, and listen to a lot of podcasts and I've kind of gone back and
forth and I kind of see both sides of it.
I think I've kind of settled on, and I agree.
I think there's gonna be a lot of short-term pain.
I do think this kind of, um, I.
I don't know, I guess maybe reshuffling of the cards, uh, to get us back into
more of a dominant, secure position as really the leaders of the free world.
Uh, I think it's probably essential and we've seen a few things
already play out exactly the way that they intended them to.
And so certain car manufacturers that are like European car manufacturers
are actually planning on building factories here in the us, um,
which is, that's the entire point, is to bring back manufacturing.
Right now.
I do understand the point that there are certain types of.
Manufacturing jobs that are probably just not going to be available, uh, or nobody's
gonna want to do that kind of work.
Mm-hmm.
Until probably three years from now when we have like AI powered,
you know, robotics that can manufacture just about anything.
Um, but this administration wants that to be built in the US and I understand that.
Then also from, um.
Security standpoint with, uh, things, I know this doesn't have
to do with this show, but like pharmaceuticals, I mean, most of our
pharmaceuticals are made in China.
Like imagine if some other pandemic, uh, was, was to kind of break out and
they were the ones who, you know, kind of held, you know, all of the, the,
whether it be a, whether some sort of medication or, or whatever for this SA
great, great position to be structor too.
Yeah, grid infrastructure too, like the whole thing about the Chinese
manufactured transformers, utility level transformers with the back doors in them.
Like that's real stuff.
You know what I mean?
Mm-hmm.
That's that.
That is something that from a national security perspective,
I do think the administrations have an obligation to confront.
You can't, you can't ignore that.
And so, yeah, pharmaceuticals, grid infrastructure, like those things.
Those are real things that, that I do believe completely, um, you
know, the Trump administration, any presidential administration should
be, uh, taking on and confronting.
So yeah, man, it's, it's, it's going to be painful for a little bit, but I also,
I think it's necessary in some level.
I'm curious, I am curious how this is gonna play out with, obviously we saw
like that massive swing, like we've seen swings, dude, within, between opening and
closing in a single day of the s and p.
Just, you know, absolutely taking a shit and then coming back
and then taking a shit again.
And it's, it's, it's hard to say.
What is the investor appetite for this space?
Uh, going to be particularly over the next, let's just call it 12 months.
Oh, dude, it's, I, I don't know.
Like, I think there's gonna be continued uncertainty for a while.
Like these things are, I, I don't think the volatility's gone away.
It, it actually, the, it was down the last few days, but like, I don't,
I don't think the volatility in the market is gonna go away until there's
some serious resolution with Europeans.
With, I, I don't think China's gonna get resolved anytime soon.
Um, but, but the rest of the world, like as some of those
chips start falling in place.
There'll be a little bit of normalcy come back.
I tend to also, and I hope I don't come back in, you know, six months and be
like, man, I was totally wrong, but.
I tend to think that there's often, uh, overblown drama and rhetoric,
um, in, in times like this.
And so, yeah, I mean, the uncertainty's real, um, the impacts on the bond market
stuff, like, I'm not a financial expert by any stretch of the imagination, but,
um, the, the dumping of the bonds that we've seen has been pretty dramatic,
and that I think is something that.
That could have a lasting impact for a little while.
I think that's something that could carry on.
And I do think that that ultimately, even though we haven't totally seen,
seen it, I do think that Bitcoin continues to chip away and steal
some of the, the safe haven narrative and pull, pull it over to its side.
You know what I mean?
I, I do think they're starting to be a little bit of a, the, the
rest of the world's looking at it.
Taking it more serious, the strategic Bitcoin reserve, even though that
hasn't all been resolved, I think that's kinda giving the rest of
the world the, um, viewpoint of like, we need to take this serious.
And they're gonna start kind of looking for ways to accumulate more Bitcoin.
Um, you know, I don't know how this impacts the US and the ability to,
to get access to cheap capital if the bond market is impacted like
it has been and continues to erode.
Um, I don't know how that shakes out, man.
I'm, I'm a lawyer, you know, I'm not, I'm not, we should call Marty
Bent and have him on again 'cause, you know, this is kind of his area.
But, um, I do think that.
Long term, this is probably all good for Bitcoin.
What's going on right now?
I would agree.
I dunno, what do you think, dude?
And I, I think, so it's, it seems like this is kind of like the, the
perfect storm and you're starting to see, you know, this is not like
great for us as a nation necessarily.
It's good for Bitcoin where, uh, Russia and China are settling
energy contracts in Bitcoin.
Right, right.
That's big.
How long we been saying that's gonna happen though.
You know what I mean?
I, I, I do think that that is, that's, it's almost impossible
to me for that not to happen.
On a big scale, like I don't think the dollar's gonna always be the,
the currency that oil's based in.
I just don't, and that's not because I'm unpatriotic, it's just 'cause I
think if I'm the rest of the world, that's probably where I start going.
That's the reality.
Well, there's a lot of other things that are happening kind of in
the policy space that, you know, affect, uh, you know, this industry.
And so one of the, one of the, one of the hot topics was a proposed bill,
uh, called the Clean Ca Cloud Act.
Um, that is, it's proposing that it requires, uh, 11% annual carbon
reductions from bitcoin miners, AI data centers, and with the end goal.
This is where it gets pretty retarded is, uh, a hundred
percent renewable power by 2035.
So absurd.
Let's just talk, let's just zoom out, right?
It ain't happening.
You talk to anybody everywhere, whether it's, you know, at a Bitcoin
mining events or an AI conference.
What's everybody talking about?
Power.
There's not enough power.
And so, you know, and we'll kinda talk about with some of the stuff that we're
seeing and some of the transactions, but if you're wanting to go particularly
on grid, get in line, you know?
Correct.
That's why we're starting to see a lot more sites start to transact
from, you know, AI groups coming to buying Bitcoin miners and the.
Forecast for what we need in power production just here in
the US is like astronomical.
It's like three times what we have currently.
And so by trying to propose a bill to hamstring that,
um, doesn't make any sense.
I mean, AI is going to be a zero sum game.
Right.
It's whoever wins this dominates.
It's like, it's the equivalent of if the internet was privatized and
a company could have a piece of that, what would that be worth?
Over time?
And that's why there's no limit to what these tech companies are willing to spend
on sites and on power, on infrastructure.
They will invest whatever it takes to win this game.
And we want kind of going back to security.
We want us to be the leaders in that.
Right.
I don't want the entire world to be run off Chinese ai.
Sorry.
No.
Yeah.
So this is, it just, it absolutely doesn't make sense.
And the emission standards currently, 'cause this is something, this
was like our biggest, one of our biggest bottlenecks, right?
Um, for quarterly energy, it's the procurement of turbines, right?
In a realistic.
Timeframe.
Um, not to mention, you know, they're not cheap.
Um, but being able to even get an order in and have them delivered in a reasonable
amount of time is problem number one.
Oh, it's crazy.
Problem number two is making sure that we.
Are within the, um, you know, the emission standards, right?
And so it's, it's specking out the right kinds of turbines.
It's putting on SCRs, on the turbines, it's putting on chillers
to keep the efficiency down, right?
It's thinking of what can, what creative ways of what we can do with the emissions.
Whether that be, uh, you know, carbon capturing, getting paid 45 Q credits.
Um, you know, are you in an area like in the.
Central portion of like the DFW area are in Houston, which is called the,
the ozone non-attainment areas, right?
Where the, the permitting process and the emissions regulations
are even more stringent.
And so it's already very, very difficult to comply, uh,
with these emission standards.
And so trying to impose any other additional carbon reduction
is really just kind of talking outside both sides of your mouth.
If you want America to be the leader, uh, of ai.
I heard everything you said, and yes, I, uh, I completely agree,
um, that, that there is virtually no way that that is gonna happen.
Um, I, I know, uh, Waylon, uh, again, over at TEG, uh, we had
a group we met with Encore.
To discuss some availability of power at different locations, whatnot, the
large scale loads that are required for like AI or AI infrastructure
and running AI applications.
Is huge.
Um, there is virtually no power available at the scale on grid that they need.
Um, so when you're hearing all these different, you know, we're, there's
gonna be this many megawatts, gigawatts of power going here and there it isn't,
there's no, there's none available.
There's just not.
And so that's where the gas generation and, and coal opportunities getting
revisited, that's where that's coming from because it's literally
the only thing that's available in the timeframe that they need it
and at the scale that they need it.
And so, yeah, when I hear these things about what they're gonna do
and they're, you know, a hundred percent renewable and all it, I don't
even know why people entertain it.
It's a waste of time.
It's rhetoric and it, there's virtually no way that that is gonna happen.
Zero.
Yeah.
I think natural gas is gonna put down right now natural gas is
gonna put the demand on its back.
Right.
Um, you know, nuclear still in, in my view, 10 to 15 out.
10 to 15 years out from today.
Day we're, yeah.
Um, we may see some of these old coal plants kinda get revitalized,
but I think there's gonna be.
Probably a little bit too much pushback.
We'll talk about that here in a second.
Um, but I think natural gas is gonna be the bulk of new power generation
moving forward for at least the, the next decade, which is e exactly the
reason that I'm going out and trying to pursue some opportunities here.
Well, I think that it's the way, um, and actually TEG we're
working on some of those too.
Um, so it, it's, the, the toughest part is having access
to turbines like you touched on.
Dude, they, they're so far out right now, depending on, uh, who you talk to.
I've heard up to like three, four years at this point.
And that was from like a week or two ago.
So, um, it's tough and, but that's why you guys are gonna
be positioned for success, man.
I know you're gonna land some fingers crossed.
Yeah, no, we're gonna man.
The, the market for it.
Like everybody's, everybody's chasing the same thing, but like you touched
on your team and the ability to, um, put this whole thing together.
To me it's completely dependent on the type of team you have and like,
are they capable of understanding the power and the oil and gas side and,
and kind of checking all the boxes and bringing things together the right way.
It's harder than people think, man, it, it might sound easy.
It's much more difficult than what people think.
Yeah.
It's in, in, yeah.
There's been a lot of, uh, roadblocks and kind of pivots along the way
to even get us to this point.
So I get a turbine and I go get the gas, and it's like, dude, it's
just, this is way more difficult than, than what you're putting on.
It.
It, it reminds me of back in like 20 20, 20 21 when everybody was like wanting
to do the natural gas, bitcoin mining.
I had so many people call me, Hey, I wanna do, I wanna do an off grid Bitcoin mine.
Uh, like, uh, where do I get a well?
It's like, dude, you just gonna go buy one.
Well, you just gonna, you're so, you're so out of your depth.
If you think you're just gonna come into the industry and, and start operating,
well gas, it's, just take it over.
Right.
It's, it's absurd.
So, but yeah, you touched on it too.
The other thing that, um, I, I'm interested in what is going to
happen going forward is like the Galaxy deal that they just did.
I think it was core.
We bought, uh, a Galaxy site.
I think it was 200 megawatts, something like that.
The, those sites are the ones that if you want stable grid power or even stable
behind the meter power, most of those are already taken up by Bitcoin miners.
So at what point are we going to see the Bitcoin miners
are selling to the AI groups?
Um, and they, well, we're, we're seeing it now.
I mean this is like Core Weaves playbook, right?
They go to Core Scientific, they do that like 10 year or 12 year, whatever.
Mm-hmm.
Like 12, $14 billion.
I remember the number exactly.
We talked about it.
It's a lot a while back, but now they're doing the same thing
with, with the Galaxy site.
And it seems like this is gonna be like their model and like once again.
There's no limit to what we're willing to pay.
We need the infrastructure, we need it today.
And so, right, we're gonna just start buying sites.
In my, where I'm getting curious is like, at what point does
that start impacting hash rate?
You know what I mean?
You, you start having hash rate getting pulled offline because Right.
The AI sites are coming in and significant amounts of it.
200 megawatts is nothing to sneeze at, you know?
So.
Um, and to think like the money being poured into ai, if they
can go buy a 200 megawatt.
Big company facility to shut it down and then pay $10 million a megawatt
to build out their infrastructure.
I mean, I'm sure there'll be some overlap and reduction of that, but
even if you're paying 5 million for that, like that's a lot.
And I don't, I think it'll be more than.
If you're paying 10 per megawatt right now, I don't think there's
gonna be $5 million of overlap because it doesn't cost that much to build
a Bitcoin mine in the first place.
So I think, if I remember correctly, the, I ran the numbers on the core
weave, core scientific deal, and I think it was like 13 million a megawatt.
I could be wrong.
Right?
It's it's expensive.
It was really high.
It's expensive.
Yeah.
So I do think that, um, there'll be a point where.
Uh, that starts impacting hash rate because like the AI groups
aren't gonna wait forever for the gas generation to get there.
Or then the grid power co.
Again, that's gonna be probably three years if you're 1, 2, 3, 400 megawatts.
And we need to get the guy from tg Ja, Jason Bear, um, and a
couple other dudes who come on here to talk about some of this.
But like Chris Miller would be a good one too.
The, the timeframe that it is gonna take to get.
Grid power at one of these sites.
You're talking minimum like two years minimum.
So it's like extra high.
We already talked about that.
It's a zero sum game, but a lot of these groups, they have orders in that
they had placed forever ago for GPUs.
You can't have $10 billion of GPU sitting in storage, collecting dust depreciating
massively while your competitors are out.
Outspending you, right.
So it's gonna be interesting, man.
I, I think there could be more of those type of acquisitions coming.
And I do think at some point there's going to be probably some
type of knock on the hash rate.
I mean, so much of those AI groups are coming to the US and the US has
like, I think 36% of the hash rate.
Those are the only sites that really have that level of capability.
They're Bitcoin miners.
Um, at some point there's gonna be a little bit of a ding that's good for,
for guys like me that have, you know, smaller mining operations of, you know,
hash rate going down is, is good for us.
So, um, it's not the worst thing in the world, but it, it's gonna be interesting
to see how the bitcoin mining industry.
Moves forward with ai, you know, trying to gobble up and the amount of capital they
have to gobble up some of these sites.
I do think still, and I've talked about this before, um, and I think there's
legislation actually in Texas now about this, but these large AI groups, or
it's talking about getting proposed.
These large AI groups having to contribute some level of
their power back at peak times.
Like that to me, is going to require there to be some type of backup,
redundant power available to them, um, in order to accommodate that need.
And so I, I think that also leads to the whole kind of thesis I've had, which is.
AI is going to have to have some component of Bitcoin mining with it just to.
Accommodate the needs that the grid is gonna have for flexibility
during certain periods of time.
I just hundred percent think that.
And, and if that legislation gets moved forward, I think that there's,
it, it has to, it, it will pass.
I, I, I really believe that one, one of the problems is that a lot of these groups
are trying to permit a lot more power than they're gonna bring online initially.
Of course.
And that's created a massive issue for the grid from a, from
a, a low balancing perspective.
And so being able to meet that.
Whatever you're permitting with Bitcoin mining so that you have
that large flexible load that you can curtail and sell power back.
It's this convergence.
You know, I think we've talked about it for, for a while now, where, you know,
Bitcoin miners are becoming AI companies, AI companies are becoming Bitcoin
miners, and maybe there's a new term where for these groups kind of, uh, you
know, as, as they've kind of merged, so.
Um, yeah, you're saying there's a few other ones I've got on my list here.
Bit Digital, uh, is pivoting into ai, so they're buying a 53 million
facility in North Carolina for ai.
Um, riot is currently eyeing, um, tenants for their one gigawatt Texas
campus, um, specifically for ai.
Um.
DOE is opening up federal land for AI data centers and power projects.
So I guess there's 16 new federal sites that have been unlocked
for AI in infrastructure and onsite power demand that's big.
Um, Google and PJM are using AI to accelerate power grid
interconnections, so using AI to fix the grid kind, kind of awesome.
Um.
Microsoft's kind of pulling a little bit of a pause on all their new AI buildouts.
They had bought the three Mile Island nuclear facility that was mothballed
and trying to bring that back.
And so I think that they're really trying to go all in on nuclear.
I don't know if this is just posturing or if this is actually, um, you know,
there's their kind of stance on this.
I don't really know.
I don't know either, man.
Um, anything.
Anything, uh, bill Gates involved in, I, I get kind of squeamish about,
so I don't know, man, bill Gates in a freaking nuclear facility.
Man, this sounds scary.
It sounds like a movie.
Two other things on the policy side that we skipped over would be, uh, Ted
Cruz has introduced the Flare Act to incentivize, uh, Bitcoin mining with
flared gas, which makes a ton of sense.
Mm-hmm.
And I feel like I have to take at least a little bit of credit, not
taking credit with, I'm sure, I'm sure.
Uh, Lee and a bunch of other guys have also played probably a much
larger part than I did, but we had Ted Cruz the first in power.
It was his first kind of exposure to Bitcoin mining and then we hosted
a little, uh, a breakfast the next morning with like 20 of the largest
miners for a couple hours and he asked a lot of like really great questions.
And so I feel like that was kind of the genesis of kind
of getting him on this track.
So just gonna pat myself on the back a little bit.
Yeah.
Jake, so well done.
I know, but this, this actually sense, the power just got a
history of making a great impact.
We gotta bring it back.
Gotta bring it back.
Another, another shame was plug firm power.
And then, uh, last thing I have on my list would be, uh, Trump is
trying to bring back coal power for AI infrastructure we talked about.
I think, yeah, I mean we, not to be a dead horse, but if it comes down to
national security, zero sum game, zero sum game for ai, us being the leaders
in that, if it comes down to having to.
Fire up some coal power generation, then absolutely we should do it.
Oh, yeah, I, I think we should do it.
I, I mean those, all of those reasons are reasons to do it.
And honestly, man Trump, he ain't worried about that.
He, he's gonna be all about it.
Hey, what about American Bitcoin?
We didn't even talk about that.
Oh yeah, yeah, yeah.
So, uh, Eric Trump launched American Bitcoin with, um, I don't know if he's
Trump trains getting on the Bitcoin train.
The HUD eight CEO Asher.
Yeah.
GaN.
Mm-hmm.
I think that's how you pronounce it.
Yeah.
Um, I love the ambition.
I mean, they're saying that they want to be the largest, pure play Bitcoin
miner in North America with 50 XA hash and a Bitcoin treasury reserve.
Um, love the ambition.
How are they gonna raise the money to be able to outpace Mara and Riot?
Mm-hmm.
And anybody else who's, uh, already pretty much at that scale.
Um, and its also Trump coin.
Probably use Trump coin, maybe the Trump Gold card and, uh.
And it's also just, it's a weird positioning to say that you're
gonna be a pure play minor given everything we just talked about.
Right.
And all the reasons why there is this convergence and wanting to diversify
into, you know, different revenue streams with, with the infrastructure,
just given the demand and, and just how much money you can make.
It just seems like an odd move at this time to, to go and be pure play.
But I'm, you know, curious play that.
I would say that, I would say that too if, um.
If I didn't think that, uh, and I'm not saying from an ethical standpoint
whether it's good or bad, but I think watching what the freaking
market will do when Trump tweets I.
I can't imagine what Bitcoin would do when Trump tweeted some other stuff.
You know what I mean?
We saw just him winning the, the huge run up on Bitcoin that we saw.
Um, but I'm not gonna add, there was part of me when I saw that, um, that was
like, man, Bitcoin had a million bucks.
I.
Would probably start seriously rivaling anything that you
could get from the AI world.
So, yeah, I don't know, man.
And then when I saw the tariff, uh, revenues from tariffs could
be considered a budget neutral.
Um.
You know, way to a, acquire Bitcoin for the strategic reserve
in the government's opinion.
That's pretty interesting.
Um, there was some other ways, I can't remember off the top of my
head that they mentioned would be considered budget neutral ways to stack
Bitcoin for the strategic reserve.
Um.
If that started happening, if, if the US government was a buyer with the, I
can't remember what they're saying, the tariffs should produce 600 plus billion
dollars a year or something like that.
Um, that's a pretty big pocketbook to be buying some Bitcoin with, man.
Yeah.
Michael Sale don't have nothing on that.
So lot of, lot of cool stuff, man.
This, I mean, it's never been more, oh yeah.
Super interesting.
More fun to be in this space.
At the intersection of all these things.
There's a lot of movement.
It's kinda weird.
Isn't it weird that like bitcoin's been like relatively like steady
at like 84,000, knock on wood.
I know, but I, I do think that goes back to, um, hopefully, and I said this
actually, there was that dip back down in the seventies after he announced, you
know, liberation Day or whatever it was.
But it took a couple days after the market moved, before Bitcoin kinda tanked.
Now Bitcoin came back up.
Um, and yeah, you know, I, I've heard people, I read these articles and they're
always like, oh, Bitcoin the big pullback.
And it's like, man, this has been a week.
Two weeks since it was in the seventies.
And, but they're still talking about it as if it's right now.
And so, yeah, it has held up relatively well when you compare
it to the rest of the market.
So, um, I think it's a testament to the narrative change that's
kind of coming, um, with, you know, Bitcoin being looked at as.
A dollar replacement or a safe, uh, as far as world currency is concerned,
um, or being a safe haven asset.
Um, and I just think people recognize the potential for it down the road.
I, I saw some great articles from like, Forbes and, and.
You know, even the Wall Street Journal, I believe, uh, just about the positioning
that of Bitcoin and what it could do with the dollar slipping sum and
with the uncertainty in the market.
And it's like, man, two years ago, we would've never saw, I.
Anything like that in a, you know, what did Lisa call when she's on here?
Lame stream media or something?
Or, or legacy media?
Legacy media.
You know, we wouldn't have seen that type of stuff before.
And so, uh, yeah, I, I'm.
I do feel like there's been a major, major narrative shift.
Um, and I think that's just gonna continue to happen.
I really do.
So I think we we're, I'm never gonna say that we're not susceptible to wild swings.
We always will be.
I think it's, it acts like a commodity a lot of ways.
And you know how to, it's a, it's a, you've been an oil gas road.
It's 24 7, 365.
Right?
Right.
Like it's always the same.
Volatility is a feature on a bug.
Right, right.
And so, um, I don't know, man, I, I've also moved past a lot of the,
you know, the early stages of like Bitcoin adoption on an individual basis.
Those wild swings seem scare you.
They don't really bother me anymore, man.
No, they, I not really at all.
It's like, yeah, I don't pay attention to, you know, you.
Yeah.
You, you used to.
I don't, but it's on my home screen.
My, it's on my lock screen, my phone, but I don't really pay that to, yeah.
Yeah.
I mean, I look, I definitely look every day, but I honestly, I look at it to see
what I want to do when I'm playing with like MSTU and, and those, I don't like.
My Bitcoin's my Bitcoin, man.
I get it.
That's, I just keep, I just keep buying, keep buying and keep mining.
Stacking it, baby.
Well, I think that's a, so I told my daughter to get tattooed.
Keep buying.
Yeah.
Keep buying and keep mining that.
That's a tattoo.
Yep.
I'm gonna tell her.
You guys good to be back.
If y'all are interested in, uh, getting on the wait list for
Empower, wanna give some feedback?
Great idea, terrible idea.
We know it's a great idea, but if you don't think it's a good idea,
love, also know about it as well.
Uh, go fill out the wait list.
I'll put in the show notes.
It's also@energizingbitcoin.com.
Just go to the, the top there and just click on Empower and, uh, yeah.
We'll see you guys again soon.
Later.