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Sept. 4, 2025 - Triggered - Donald Trump Jr
01:04:31
Building the Future with American Bitcoin, Plus Eric's Triggered Debut! | TRIGGERED Ep.272
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Hey guys, welcome to a special episode of Triggered.
Today, we will look at all things Bitcoin and take a look at American Bitcoin.
An incredible company that I'm thrilled to be a part of.
So we're going to do a deep dive with the brains behind it all and lay out the incredible trajectory ahead.
So for those of you who haven't seen what we're doing, uh, we took ABTC public on the NASDAQ yesterday.
That's a Bitcoin mining and treasury company.
Uh my brother who will be on the show today for the first time.
Uh Asher Janute, who's been one of the founders, he's actually been on the show before talking about crypto in general, uh and the genius act and all of those things.
But we're gonna be talking specifically today about American Bitcoin.
Again, took it public on the Nasdaq yesterday, Wednesday.
We were actually filming this today, uh, in the middle of all the pressure, but we're gonna air it on Thursday at the normal time to make sure we get the most exposure.
So this is gonna be a fascinating one.
Also, first appearance ever of my uh my brother Eric on the show, so we'll have some fun with that as well, probably.
Uh may go off the rails.
You never know if the big brother shit starts happening, and it just could happen, and you never know.
We'll try to keep it together.
Uh it's a serious thing, but something everyone should be learning about.
Truly believe this is the future of finance, not just in America, but across the world.
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By the way, also so much going on.
I mean, you got to see the data centers where they do a lot of the Bitcoin mining.
I'm going to clip in some of the videos, maybe some of the good press stuff that they've done just so you can get an idea of what's really going on to this.
There's There's so much confusion about what these things actually are.
People remember their like weird friend that 10 years ago was mining Bitcoin from a laptop.
That ain't happening anymore.
It's so different.
So you're going to want to see the infrastructure that American Bitcoin has, the partnership they've done with HUD 8, one of the biggest guys out there in the energy side and tech side of this.
It's really fascinating stuff.
So I'll either clip it in during the interview again, since we're not uh you know going live, uh, even if we're live in studio, we're not airing it live, so I can add some of these things in.
So you can really get an understanding of what's really going on into this thing and really dispel, you know, the notions of this is just funny money stuff, the nonsense that you hear every day.
So uh I think that's a big deal.
All right, guys.
Uh good to have everyone on.
For those who don't know, uh first time appearance, I think, for my albino brother.
So there'll be some uh we live at first on this podcast.
Of course we are.
Rumble say whatever the fuck you want.
It's great.
It's uh you know.
They have to rumble up on their you know large screen television.
I try to keep it a little bit, but it goes off the rails at times.
So it's good.
So I'm sure, yeah, and I'm I'm sure Eric will get his uh fair share of revenge on this one.
But Asher, great to have you back.
I know you were on a couple weeks ago.
Uh we were talking about sort of the you know the the Genius Act uh and everything as it relates to crypto, but obviously really big news with American Bitcoin, uh, which we can't co-founded and are bringing it out there.
So a lot's happened basically in a pretty short period of time, last five months.
Why don't you talk a little bit about American Bitcoin, what it is, what it means, how this could be a great way for people new to the crypto space to be able to access crypto without the complexities of wallets and pass keys and all of that.
Uh, and then we'll get into the details.
Sure.
Happy to start there.
American Bitcoin was formed really to give the everyday American the ability to have a little bit of exposure in their portfolio into Bitcoin.
And an easy way to do so.
So with American Bitcoin today trading on the NASDAQ under the ticker ABTC, which is one of the best stickers in the world, thanks uh to these guys in a nice dinner we had, it will allow people to say, you know what?
I want I need a little or I want a little exposure into Bitcoin.
How do I do it?
Okay, I can own American Bitcoin or I can buy Bitcoin or I can buy an ETF.
Why should I own American Bitcoin?
And the key is because we have a competitive advantage to acquire Bitcoin almost better than everyone else.
Talk about that a little bit, right?
Because that's what people don't understand, right?
They see, you know, the market price of Bitcoin, you know, obviously American Bitcoin does mining.
Uh, it's a treasury, so they're holding and, you know, I don't I don't want to say hoarding, but basically hoarding Bitcoin because of the long-term store of value, uh, you know, amongst other things.
Talk about that a little bit, because I think that diversification aspect is something people don't necessarily understand.
That multi-pronged strategy is key.
We're able to acquire Bitcoin by mining it at almost a 50% discount to small market rates.
And you'll see that in our recent financials in our uh publicly reported financials.
We're also able to borrow capital at zero to a couple percentage interest points to buy Bitcoin, which has been a 70% uh kager over the last decade in terms of appreciation, right?
And so we're able to mine Bitcoin cheaper than most people out there and at a discount where the average Joe can't do that.
And then we're also able to borrow cheap capital to do it.
What that allows us to do then is increase Bitcoin per share exposure.
And what that means is if I go buy a Bitcoin and Bitcoin goes from 100 to 200,000, great, I just made 100,000.
If I buy American Bitcoin, not only will I have to have that appreciation, but now because of these different strategies, if I own 1.01, 1.02 Bitcoin, I'll get that 100,000 appreciation, but I'll actually own more underlying Bitcoin itself.
And there's a finite amount.
There's only 21 million Bitcoin ever produced in there.
You have a great kind of analogy of Bitcoin versus gold and the scarcity.
Maybe you can touch on that a bit.
Yeah, listen, if you look at commodities around the world, right?
Every commodity, as price goes up, you will find more, right?
You will open up new mines, you'll explore different countries, you'll make it will exploit small children in third world countries.
They will have to if gold ever goes to uh to 40,000 bucks an ounce, I'll knock down this house, and I guarantee you I'll find some gold you know in the concrete in these walls, right?
I mean, so you almost have an infinite supply.
If you go, you know, if it gets expensive enough, you'll have a guy like Elon Musk will mine it on Mars, right?
I mean, excess gold will exist with Bitcoin.
You don't have 21 million and one Bitcoin, right?
It's it's so so you really have something that's a true finite supply, and that's well, it's actually depreciating in a certain way in the sense of the supply, because I mean, how many times do you read about a wallet?
Some guy that had a wallet from 2012 and you know he had a few thousand Bitcoin worth a billion dollars today, whatever it may be, and he lost it, or he forgot his past key.
And I think that's the other part of what American Bitcoin does.
By being on the NASDAQ, it's like you're trading a stock.
If you have an e-trade account, you can do that without you know, not that it's a risk, but it's uh it's a risk, right?
You you you lose those things, and all of a sudden you get a serious problem.
That's right.
I mean, Mike, one of our other co-founders, he wrote his keychain on a post node once.
And this was when Bitcoin is trading a couple dollars, and obviously now it's trading a lot more than a couple dollars.
And he's like, where the hell is that post-it node?
Did he really lose it?
He really did.
So it's near and dear to home.
We've come a long way.
We've come a long way in terms of the safety and security and uh well we we certainly have, and you know, there's other ways to do it, but this is like the easiest thing in the world.
I mean, this is someone, you know, someone can buy this in a 401k.
And that's the key is being a publicly traded institutional great company, we are able to buy the Bitcoin, mine the Bitcoin, store the Bitcoin, and we're gonna hold it forever, right?
American Bitcoin will be holding its Bitcoin and will be continuing to compound on that.
And we were on a conversation earlier today, and they're like, So who transfers the Bitcoin when you guys are transferring?
I was like, thank God, none of us, because there's all these authentications and multi-factor.
And so, like the security and the sovereignty of that coin is really important in making sure that it's safe for all of our shareholders.
Listen, I don't I don't feel bad for Mike.
He's doing just fine, but out of here, I'll say how much did he lose?
Because I gotta I gotta write him like C biscuit later on.
Uh millions and millions of dollars, yeah, tens of yeah.
Yeah, exactly.
At the time, not much.
That's more than that.
It's always a rough road.
You always love, you know, I get pissed if I lose like a grand, you know, if I lose a hundred bucks that I was like, I swear I had everyone in this video.
You lose it.
One day we're sitting in an office together and we're like, we're grinding, and he just starts laughing.
I'm like, what are you laughing?
He's like, I just found seven million bucks of this coin that was in this wallet that never opened up.
And so these are early guys in crypto invested in all these things.
It's it's an interesting thing about the early guys.
Like it's really more about like the game and the love.
Like there are guys that are worth hundreds of millions on paper on some you know shit coin, whatever it is, and they're just like, they just want to stay in and like ride and die.
They don't care.
Like, no, I've seen guys lose a couple hundred million dollars in a day.
The guys that started really early and probably it wasn't a big investment at the time.
It turned out to be a good one.
You know they don't necessarily care as much for some for those early adapters.
That's actually exactly why you're seeing the price go parabolic, right?
So if you want to buy Bitcoin call it 10 years ago, what do you do?
You went to a DeFi exchange, convoluted as hell.
You had to be you know, what fucking computer scientists to go figure it out.
I mean, it's really really difficult process.
You've been through a little bit of the DeFi process in the modern in the modern area.
Even the simplified version, I wouldn't have been able to figure it out.
I'm way too much of a boomer.
Now all of a sudden, over the last really 12 months, you know, a little bit before, but not much.
Over the last 12 months, all of a sudden, guess what?
Charles Schwab's doing it, Fidelity is doing it, JP Morgan's doing it, BlackRock's doing it in a major way.
You've got you know, rate exchanges like Coinbase, like Kraken, like Binance.
I mean, go down the list.
I mean, you have all these places where you can get exposure.
Then outside of that, you've got the spot ETF.
So now all of a sudden you could buy an ETF, or you can buy a company, American Bitcoin, which you know, as Asher mentioned before, not only are you accumulating on one side, you're you're mining for approximately 50 cent dollars.
So every day we're adding a creative Bitcoin into the stack, you know, while kind of dollar cost averaging down.
So most of the other companies that accumulate Bitcoin, what do they do?
They go out and they buy it at that volume every single day as we mine.
We're actually taking the price and we're we're dollar cost averaging it as our holdings go up.
And so it's an amazing system, but it's it's why Bitcoin's getting the traction it's getting right now.
I mean, uh retail investors for the first time can actually invest in an asset class that historically has appreciated 50, 60, 70% a year, year over year, and has been one of the great stores of value of our generation.
Well, so I mean, taking a company public ABTC on the NASDAQ, I mean, that's a major milestone.
But you know, what what does it mean to you guys about attracting, you know, new people into crypto?
Again, we talk about the complexities.
You and I in the last few years have gone through all of it.
And I mean, half the time I'm still confused.
Uh, but what does it mean uh, you know, for the sort of more traditional type investors and the institutional guys, you know?
I I remember, you know, seeing some of the biggest guys on Wall Street, you know, six months ago saying, hey, this is all a scam.
Now they're all literally putting billions and billions of dollars.
I mean, Jamie Diamond came out and he said, you know, they picked that was you know 18 months ago, that's a massive sham, and now all of a sudden he's you know, they're literally you know recommending you the private wealth managers at JP Morgan that are literally recommending that people put like two to five percent of their their savings into actual Bitcoin assets.
So it's kind of amazing how that that world comes around.
But it's not just them.
I mean, it's the biggest Fortune 500s that are holding it on the treasury.
It's the biggest family companies.
Obviously, we hold a lot of a lot of BTC.
We really we really believe in it.
It's the sovereign wealth funds, it's the biggest families around the world.
You know, there isn't a day where there's not legislation that's going through some state.
Texas just passed it, Wyoming passed it.
I mean, there's all these states every day that are passing DTC to be actually.
It's really becoming institutional.
Uh uh, I mean, it's an asset class like like anything else at this point for for so many of these states.
I yeah, that's exactly right.
And I think uh another really important element is for shareholders of American Bitcoin, like the right shareholders are the ones that want to buy and hold because there will be volatility.
The stock will go up, the stock will go down.
And that volatility is actually to our advantage because we can sell that volatility and get really cheap cost of capital.
And so if you're trying to get into this game and trade with the hedge funds and whatnot, like that's a tough game to play.
If you're coming in and saying, I want Bitcoin exposure, I'm gonna hold it for the next couple of years, and this is my exposure to this asset that will be increasing in value, that's really powerful.
There's a second element, which I think American Bitcoin is focused on as well, that is really important is Bitcoin will be and is already starting to be an international recognized store of value.
And so that's really important because if it's an international store of value, we want the network that securitizes the whole Bitcoin blockchain to be built in the US.
And so building these mining facilities here, being able to build American infrastructure, using American energy, American jobs to support this ecosystem, that's a critical part about the business as well.
Um, and so not only are you investing into the company and becoming a shareholder to be long Bitcoin, but you're also long America and America being at the forefront of Bitcoin as well in securitizing the network.
Yeah, I mean, Eric, maybe you know, touch on this.
I I know I've probably made the point, you know, a couple times on you know, less even crypto specific projects, but the notion of like, you know, I I think we all sort of view crypto in general uh, you know, as the future of finance.
I mean, Bitcoin's the sort of the gold, it's the store of value.
You know, Ethereum is you know, the oil that keeps all these engines flowing, the rails that you know keep the train on the track.
Uh, but talk about that a little bit in terms of you know, where uh Bitcoin, where crypto was basically being pushed out of America.
It's like taking, imagine taking banking in the early 1900s and being like, you know what, we're gonna like send that to a third world country and hope that it works out, as opposed to keeping it here, regulating it appropriately, making sure that the playing field is available for everyone.
Yeah, because it's a great threat to the big financial institutions that are otherwise irrelevant with crypto, right?
I mean, I I joke about it in almost every interview, but you know, when Lauren and I went out to get a mortgage for a house, uh, interest rates were two percent, right?
But the bank that I've literally banked with for the last 20 years, right, went 120 days of doing a know-year customer only to deny us at the end for political reasons.
Yeah, by the way, you had just so we're clear.
And you had the same problem.
Yeah, I had the same problem.
Every one of your listeners had the same damn problem.
Well, the political targeting was thing, and that's why it's a threat, right?
Because this actually democratizes finance.
And I think as Americans, no different than, hey, what I thought as a naive baby, you know, 35-year-old baby, 38-year-old baby, whatever it was in 2016.
It's like, what do you mean?
No, it's America.
This would never happen.
You know, when they started Russia, Russia, Russia, I was like, there must be something.
It was like they wanted to throw me in jail for a life, maybe the death penalty.
They said that on TV and not some clown, but like the head of the intelligence committee at the time.
Like, I was like, well, there has to be something.
Like, maybe I took a thousand selfies yesterday.
Maybe there was some asset that got it.
No, it it was all bullshit.
And that's the problem with the system is we believe it to be this great thing because we want to believe that everything we've heard is true, but the reality is it's all a big thing.
And remember, we still live in the greatest democracy in the world.
Now go to Zimbabwe, all right, where you have you know thousand, 10,000 percent inflation every year where you know, you get your paycheck and just uh honestly set it on fire because it's gone.
Now all of a sudden using a basic iPhone, you know, people can go in, they can they can buy cryptocurrency, they can buy Bitcoin.
It's uh it's an asset that's you know 24 hours a day, seven days a week.
You can trade it on a Saturday night at at midnight, no problem.
It's worldwide.
It's not dependent on any government.
It can't be stolen.
It can't be, you know, set ablaze.
You can't be taken out by a hurricane or a tornado.
You have instant liquidity.
Well, the hedge against inflation is, I mean, sort of the incredible one as well.
When you think about, you know, you look at inflation, certainly under the Biden era, uh, and you compare that to treasuries, like you're literally losing five, six, seven percent a year on your liquid assets on your cash.
I mean, better than the rest of the globe, right?
It's still everything's relative, but it's still a loss of you know, purchasing power.
So when Asher and I were in we were in Hong Kong, we were just speaking at you know the biggest conference over there, Bitcoin Asia.
I mean, you couldn't see the end of the room.
This is the biggest convention center you've ever seen.
You couldn't see the end of the room.
I mean, the cracks are forming.
And that was a society that always kind of held back cryptocurrency because they want to.
Asia's big in crypto because, you know, I mean, mainland China, they understand if one day, you know, your social credit score isn't quite up to par, like everything's gone.
If they can have these assets, I mean, you know, the people that are playing in it in the Middle East, right?
And so again, it's it's entire countries, it's entire societies, it's it's regions of the world that are all sprinting toward it.
You've got major cities around the world that they're using the energy from those cities in the middle of winter when they only need to activate all the HVAC systems in the high-rise buildings to literally go out and mine Bitcoin, right?
Now all of a sudden it's in 401ks.
It's it's being custodi by Schwab, it's being custody by Fidelity and all these, right?
All of a sudden, Bitcoin is being stickier than ever.
It's no longer those people who were smart enough to go figure out how to pop up a ledger and pop up a you know DeFi wallet and you know, buy a little bit of a coin.
I mean, it it is institutional, not just to everybody in America, not just to the NASDAQ, which is where we just appeared uh, I don't know, four hours ago on the exchange.
I mean, it's it's really available to everybody.
And that's and this trillions of dollars worth of liquidity that's just starting to come into kind of the digital assets for the first time.
And by the way, let me just make one other comment about about digital assets.
Like it saves the US currency, right?
What we're doing.
I mean, that's that's more stable coin than Bitcoin because they're you're gonna backfill the void by these countries who no longer want America to have that power, you know, of dollar hegemony uh throughout the world.
Listen, no, no one wants no one wants a euro.
No one.
The Europeans don't want the fucking euro.
Like I don't blame them, right?
I mean, I mean, 10 years ago you'd be like, you'd look at Europe and be like, this is a place I could probably do business.
Now you go over there be like zero change.
Like who would invest in Europe right now?
Certainly, at least, you know, Western Europe, which would have traditionally been a bastion of civilization.
Now it's like this is like a shithole.
You think the wealth of the Asian countries, you know, trusting the currencies over there, I mean, is there any sizable currency in Africa that that anybody has any trust in?
You know what they all want?
I mean, go to South America.
Look at Argentina.
I mean, Argentina effectively runs on the dollar, right?
So does most of Central and South America.
People want the US dollar and they want those inflows into the US dollar.
So I really believe that crypto as a whole, not just Bitcoin, but you know, stablecoin, everything else.
Um, I really believe it, it actually saves the dollar, and you're gonna see trillions of dollars flowing into our country from all around the world, which is great for the liberty of those people, by the way, because they didn't stand a damn chance, right?
If we think we have problems in our financial system with the weaponization, the targeting, it's nothing compared to what those people have, where you know, one day the bank could just fail to exist, one day you could have massive corruption, your account and everything you worked for your entire life was gone.
You know what?
A basic cell phone and a basic exchange and the ability to buy ABTC from around the world on on you know in the US equity markets, or the ability to buy Bitcoin as a whole, yeah.
It's changing the game in in such a meaningful way.
And one other thing, I mean, crypto just in general is growing faster than the internet was growing, you know, that back in, you know, before the kind of dot com.
It's it's exploding all around the world, and every single country is sprinting at it.
And honestly, because we've had good leadership in this country, we're leading the way, but you better look, you know, China's watching and they are they're sprinting the Middle East.
I mean, everybody in the Middle East is endeavoring.
And guess what?
The number one asset is in all of the crypto space by far, by market cap, by notoriety, by brand, um, and and frankly, by function, and really the only one that that really stands as as digital gold and and and a true hard asset that's not kind of linked to payment rails, it's Bitcoin.
And that's why everybody wants it.
And you'll see this circular kind of connection, right?
Today, if you have money in a bank account, you can put your money into CD accounts and create interest and so forth.
If you have your money starting to go into stable coins, now your stable coin becomes an on-ram to have this wallet where you have your stable coin.
It's much easier to buy Bitcoin within a second from there, any other cryptocurrencies.
And so you're bringing a much larger pool of capital that is just one degree of separation away from buying Bitcoin as a new digital store of value or digital gold, as a lot of people like to bring it up.
But it's also transferability.
For a lot of people who don't own Bitcoin who are listening today, Bitcoin is not only one of the best stores of value, but it's actually one of the best transfers as well.
It's not great if you're trying to have it replace a credit card and you're trying to do a bunch of microtransactions, but as large transfers of store of value, an example that I like to give is we transferred around 200 million dollars and we transferred it at 9.54 p.m. on a Tuesday.
And so the banks would be closed.
There's no way you could transfer it.
Closes in one second.
Exactly.
With almost no fees.
67 cents on 200 million dollars.
67.
And for anyone who's ever run a small business, you know, you try to get get payroll out.
You try to make a transfer from an operating account to the payroll account or whatever it is, try doing that at 4.30 on a Friday afternoon.
That's right.
But by the time it clears, by the time you deal with the fees, uh it's absolutely insane.
I mean, you know, and that's in the United States, America, right?
Now try now try and take the US dollar and go buy the euro, go buy the yang, go buy some, you know, kind of half-assed currency anywhere in the world.
You're gonna get your your FX exchange rates are gonna absolutely kill you.
The banks on either side of the transactions are all gonna totally deplete your money, right?
You know, whereas you give me a wallet address and you can send Bitcoin over and it'll be there in one second anywhere on on Earth.
It's a game changer.
And by the way, it's why the banks fought this for so long.
Well, 100%.
I mean, how many bankers do we collectively know, you know, making seven figures a year to do nothing other than push paper?
There's no value add, you know, as real estate guys, title insurance.
It's like, well, I'm buying a building that this family's own for 75 years.
That's probably not really a problem with it.
Can't that be done on the blockchain and not have to pay points in?
I mean, title insurance was always amazing in New York because it was a statutory rate.
So it was the same price no matter what.
And so you gave it to the guy who took you to the nick game, not because they did anything better or added any value to the process.
And you know, I guess again, when you're the sort of sort of joke, like we were the top of a Ponzi scheme.
We didn't even realize we were just because we had that ability to call anyone, and of course we're gonna do it for you, whatever it was.
So many people were left by the wayside in that process that it creates a real problem.
This literally creates democracy within finance.
There's nothing that can be done on blockchain.
There's nothing, you know, better, faster, cheaper, more transparently.
I mean, it solves everything.
Why does JP Morgan have 70-story buildings in every single market around the country?
I mean, you know, New York and Philadelphia and Boston and Charlotte and you know, go go across the country.
Think think about the hundreds of millions of square feet, the tens and tens of thousands of employees pushing hard paper that can be written into a smart contract that give you access to your own capital.
I mean, you go into one of the big banks right now, you want to pull out 5,000 bucks in cash, they ask you why you're pulling it out.
So why are you asking me why I'm pulling out, you know, you're money and all the time if it's more than 5,000 bucks, you know, they're reporting you to some terrorist watch list.
And like that's not actually, and by the way, I have heard that you are a terrorist.
I mean, you you would be both a big knife right here.
Yeah, you never know when you need a knife, man.
You know, what's the thing?
You know, you always carry a knife because you never know if you're gonna have cheesecake or have to stab someone in the face.
Preferably cheesecake.
Um I don't know.
Some days you feel like stabbing, some other things.
I don't know.
You never know.
Anywho, no, but but uh, but I I think one element on this is like a lot of great businesses are created out of necessity.
And something that I think you guys have done really, really well is you've taken all of the problems you've been faced with and it's created unbelievable businesses, right?
From the media side and creating new voices when basically modern media shut you guys down, wouldn't give you a voice, right?
With truth.
And then also then on UST one and World Liberty when the bank shut you down, it's like let's own democratize this.
And then now with American Bitcoin, I think the a uniform piece of all of this is not only how do we go bring this new type of industry forward into the world, but how do we do so with America as a forefront of that?
Like, yeah, no, that's uh I've I've obviously talked about it on the show a bunch, but I mean, Eric, you were certainly dealing with a lot of this stuff, you know, at Trump org uh, you know, more so than I was, um, you know, when it all sort of went down and you know, you wake up one morning and there's a few hundred bank accounts.
It's like, hey, we just don't want to do business with it anymore.
And it's like, well, how do I pay, you know, the dishwasher at the restaurant?
It wasn't like they were actually hurting us.
They were actually more taking out on these people that are just showing up to work.
They weren't political people, they weren't this.
And, you know, I understand they wanted to send a message to you know anyone who would threaten, you know, to stand up to them or maybe not go along with the narrative or the talking points, their hegemony in general, no different than what we're talking about with the banks.
But I mean, people are like, well, are you doing this and taking it?
It's like, no, man, this isn't what we did.
We we built buildings.
We we did this literally out of necessity because we had the the means to fight back.
We had the soapbox to push it from, and you know, enough of the sophistication to actually come up with something.
Talk about that a little bit because it it is sort of, I don't think people understand just how bad it was.
And if they could do it to us, who can't they do it to?
Listen, I think I think you know my hobbies, right?
Like I'm a consummate builder.
You you know I love hard assets more than anything.
I love construction, it's it's who I am.
It's it's uh I mean it's it's in my blood and it's my hobby.
When you wake up in the morning to a Capital One, you know, send you a letter, you know, congratulations.
300 bank accounts are are canceled.
Like for what reason?
On a golf course in upstate New York on uh on condominium buildings where you might not actually even own the dirt, you're managing a building for you know a building that you sold out a long time ago.
Three hundred accounts gone gone overnight.
You you actually realize how fragile you are and and why, because they didn't like the fact that you and I wore you know, make America Great Again hats.
They they they hated DJT for whatever reason that they were being you know espoused by some woke ass board at some big you know public company that was you know running through another DEI initiative that you know that week, their their 14th of that week.
That I'd talk crap about it online, that was enough.
Yeah, and listen, they they wanted to destroy our lives.
And as you said, I mean, you know, these these are buildings that have you know, possibly thousands of tenants.
Um, you know, millions of dollars going through them, hundreds and hundreds of of employees, contractors pay real estate taxes.
I mean, that the people depend on every single day.
I mean, what are you doing?
You're you're gonna cancel the the engineer, you're gonna cancel the housekeeper at at one of the hotels because you've got some, you know, vendetta.
You know, you'll put you in a loan default because you know, oftentimes those banks are subject to kind of lockbox accounts and and other things.
So and they didn't give a damn.
They didn't care about those people.
They they they wanted to cancel you at any cost possible because they didn't believe in your political beliefs.
And they did that kind of companies all across the country.
It wasn't just us.
I mean, we're the biggest target because of you know who we are, but the amount of people that came up to me, yeah, I make I you know, I make I have a spring factory and we make springs that go in a fishing reel, and that fishing reel sold at Bass Pro Shop and Bass Pro Shop sells duck hunting ammo, and so fuck you, I'm gonna cancel you.
Yeah, I I mean, this is what we saw all across the country.
And so honestly, if there's one thing that comes out of our crypto ventures, uh I hope we we we I hope we destroy some of the big banks, honestly, and and make them dinosaurs, make them relics, because what they did is not it's not fair, it's not right, it's not America, it's not constitutional.
And um, and and I I think you know, cryptocurrency is is upending all of those you know, the those laws.
And there's no way that our family would be in this industry, you know, had they not done this.
Oh no, but by the way, that's what I say.
They're like, they're like, is are you just we're not jumping on a trend.
We literally did it out of necessity.
I would have been glad to we we did pretty well doing the stuff that we did for you know three generations now.
Like we're we're gonna think it was.
Have you ever heard of the law of unintended consequences?
Like, yeah, 100% 100%.
The law of money.
They literally created their own worst enemies.
I mean, Michael Saylor's been a friend for like, you know, 25 years.
I knew him in in New York.
He's kind of the the, you know, the the OG of of Bitcoin, certainly one of the most impactful people, one of the smartest people, you know, I've ever met.
And I used to literally tell Michael Saylor, he was telling me to buy the stuff at you know, like, you know, 11,000, Mike, I I can't heal it, I can't see it, I can't hit it with a hammer, right?
It's like it's not for us.
Like, we're a hard asset.
And I realized that Bitcoin is actually the greatest compliment of the hard assets, right?
For for all the for all the great aspects of of real estate, and there are are so many, right?
You know, the intense growth of that asset, you know, location, cash flow that can come out of it.
There's also a lot of downfalls, right?
And and a lot, a lot of those pitfalls are like it's not liquid.
You you know I I sold old post office, right?
It took me what, 18 months, title insurance, bankers, uh, hotel management company.
You feed to death.
You could have a great sale, and by the time you get done net of fees, it's like and there were probably five people in the world who who could have bought that asset, you know, got whittled down to the one who barely made it through, you know, the actual closing of it, you know, it it took a year of my life to do, you know, in in about two and a half seconds, you can do a transfer that's substantially larger while having a glass of wine with your uh your husband, your wife, you know, whoever the hell it is on a on a on a Saturday night, it's instantly liquid.
It's global, there's 24 hour markets all over the place.
Uh, you know, it it's it's supported by energy uh from around the world.
Um, you know, it can't be taken down by political corruption or or or or fraud or waste or or fires or storms or bad management.
It's um it's the ultimate hedge against kind of what what you and and I and and our family has has done for for generations.
And that's why I believe in this so much.
Actually when you hear people talking about, oh well it's really high now, it's really high now.
I mean it's not all time highs, but it's it's it's still up there on a relative basis.
You know, what what do what do you say to them, you know, if if you take them through the case and point of the last you know five, 10 years of Bitcoin, uh doesn't feel like it's all that high actually.
I mean, you know, people are buying the dips, you know, that I know that are sophisticated about this when it when it when it drops, you know, 100 bucks, you know, at you know 10,000.
Yeah.
Uh people buy Bitcoin at the price they deserve it at.
And so I looked this up actually last night, knowing that we were going to have a lot of conversations today.
And Ched over the last decade, Bitcoin has compatted it at a 77% keger over the last 10 years, which is an insane growth rate, right?
And so I think a lot of people don't realize unlike a lot of other things, whether it be the printing of money in some of these countries that you mentioned that can just print whenever you mean like the United States of America over the last four years I've been like I don't know it's you know we're maybe not Zimbabwe but you know kind of following the playbook.
And so the the money printing random coins being created like Bitcoin every single Bitcoin was actually mined in a facility somewhere there are hard infrastructure assets that's to securitize a network.
Today there's over 14 gigawatts of power out there that's to prioritize a Bitcoin network so bad actors can't come in and hack the system.
Put that talk about how that works and what that means because you know the the power side of things you know gets a little confusing but you know you're you're not mining Bitcoin anymore with your laptop like you could have 10 years ago.
Yeah.
Guys that were doing it and I was like I don't even know what the hell they were talking about and their laptops running all day long and you know their utility bill goes through the roof but it's like, you know, that's probably a good deal.
And I think it worked out pretty well for them but uh that that's not that feasible anymore.
Can you talk to people you know how those systems actually work, how it protects it so people aren't like, well how do you just can't someone just hack Bitcoin and make it disappear and it's yeah definitely and so the way that you think about how Bitcoin works is you have all of these servers and computers and as you mentioned today they're at massive scale these are data centers.
These are full data centers.
The one you guys have in Texas, it's five football fields long.
Correct.
It's connected to a power plant generating power.
These are large data center campuses, large amounts of energy is consumed.
We're trading around grid dynamics, like massive infrastructure projects.
And you have these all over the world.
And each one of these servers in the data center essentially have one job, which is verifying that when point A transfers a Bitcoin to point B, that is a true transfer and that no one else is trying to change that ledger.
And so millions and millions and millions of these computers have to unify and agree to that.
So even if you took over one data center and said we're gonna have you try to hack the system et cetera you wouldn't be able to because of the scale and the massive scale of this network.
And so I think that is something that people don't realize is it's not centralized in one place.
That's right.
And there's and that's why building in America is so important as well is because we don't want all this Bitcoin mining being built in China or being built in uh North Korea or being built in these these places you want it you want it decentralized for sure.
You want a large amount of infrastructure built in the US to make sure you have a presence within this ecosystem as well.
And I think overall like in in in in regards to uh general value kind of creation is Bitcoin is not only worth what it is because of the limited supply that can never change but because of the amount of energy real physical infrastructure and assets it goes to produce one and securitize that network a negative bad actor even like a nation state really couldn't touch it at this point.
Like no it it it wouldn't wouldn't even be possible.
By the way to put put in perspective what you know um one of the sites is roughly two percent of of all Bitcoin mining worldwide right I'm not sure if this the city of White Plains means much to a lot of people listening to this but you know it's a fairly large city in the suburbs of New York that's yeah and and we're roughly we're roughly two X the total amount of electricity used by the city of White Plains to hold down this one facility that's that's you know 2% of the you know for the the world's total Bitcoin mining.
People talk about you know could Bitcoin ever be hacked?
Well honestly Bitcoin ever got hacked the Pentagon's gone Amazon's gone Facebook is gone Google is totally gone right because I mean the amount of energy I mean put put that amount of power, the worldwide power consumption that protects the Bitcoin network.
Put that in comparison to I mean nation states.
You're as large as nation states in that significant nation states, not like not like basically.
Yeah, you're not talking about like you know, you know, of the 200, whatever 1800 people's republic.
You're in the top 20, not the top, not the bottom 20.
And what what's really good, I think for the kind of average person learning about Bitcoin and understanding this, how that power is consumed is really important because we got destroyed in rotary from all these green peace people when they're like, oh, you're taking our power, you're driving up our energy bills.
Like costs of power is so important to mining at a low low cost.
And so we consume power in places where there's excess power.
For example, in Amarillo, Texas, where we just built our new facility.
That wind farm was fully subsidized by tax subsidies.
It was producing power at negative rates at times because of the tax subsidies it was getting.
And the transmission didn't actually transport it to places that actually needed the power.
And so essentially the wind farm, they're like, not only are we producing negative, we're also being told to shut down at times because no one's consuming the power and it's going too negative.
And so they asked us to come and bring consumption nearby.
When prices go up, we shut down the facility.
And so there's a you beautiful element of Bitcoin outside of just securitizing the network, but we help stabilize a volatile energy game.
You're utilizing the what would be waste.
Waste power.
That's right, or uncaptured power.
Yeah.
I mean, and there's a reason, you know, there's certain areas that are just energy deficient.
And there's a reason you're not building a data center.
Like you're not gonna do that.
So one of the great advantages that America has.
I mean, we've got some of the greatest energy policy, especially now.
We've got some of the best, you know, we have the best energy anywhere in the world.
I mean, can I try and mine Bitcoin in Scotland?
Like, you know, could good luck.
Like, you know, your average cost to mine a Bitcoin.
Well, Eric, you and I've spent some time building in Scotland over the last few decades.
It's like go try to build a wall in Scotland.
It's like that easy.
Versus in in in West Exis, where you've got incredible renewables, you've got you know the greatest oil and gas reserves anywhere in the world.
You know, a lot of it, as as you said, is is totally inefficient, you know, including natural gas, which oftentimes just gets flared off the whale wheels, which oftentimes people recapture to use, you know, for this mining purpose.
But Bitcoin is truly one of the great assets.
And um, and and this company, I think it's truly gonna be, you know, like we all started this, including you, to win this race, right?
It's you know, I don't think that we've ever gotten into a a company, a business where we're where we didn't want to build the biggest, we didn't want to build the best.
You know, that's always what we kind of aspire to do.
And you know, between Asher and Mike and the entire entire team, incredible.
Um, and and to have gotten here in five months.
I mean, we we literally launched this five months ago and to go public on the NASDAQ today, and then to see what it's done all morning.
I mean, it's it's been such an unbelievable story.
And um man, we're gonna have a lot of fun.
Yeah, we're gonna have a lot of fun.
Asher, how do you see AI playing into all of this?
Uh, whether to create efficiencies or uh, you know, uh adapting that technology, obviously, you know, this is complex stuff, at least at the level that you're doing it, not necessarily for people who want to partake and you know, again, buy on a listed stock exchange.
Uh, how do you see that coming into play with all of these things?
You'll have more need for energy, right?
And so American Bitcoin has a partnership with HUD 8.
Uh, Huddy is a big shareholder, HUD is long energy.
So we're building energy infrastructure platforms for American Bitcoin for AI use cases outside of the blockchain as well, with large-scale tech companies that everyone has known about and hears about, and American Bitcoin is long Bitcoin.
Ultimately, I think AI, you're going to see a competing for energy resources for sure, and that will drive net new development of energy assets in the US and globally.
And then I think that technology will help figure out what are additional use cases.
That's something I think about a lot is in a world where you have a digital currency, you have smart contracts, and then you have these AI agents that can run your everyday life.
I mean, you can literally have in your calendar, all right, we've got to go meet Don for this podcast.
A car waits for you in the front, you get in the car, you get out, you never have to think about payment once.
Everything's handed automatically.
And so I think with some of these AI use cases and that integrating with the blockchain and actually being able to transact, you're gonna see a lot more use cases and then a lot more adoption overall.
And I like, look, I've been in this, and when we were at 16,000, we were at 60,000.
I thought it was expensive, right?
Yeah.
And today we're at over 100,000.
I think it's cheap because we are just at the start.
Like when we were in Asia, so many people are just starting to understand, starting to dabble in to Bitcoin.
and like my key advice is buy and hold and just leave it and let it be, then you won't regret it.
Yeah.
Where do you see you know uh American Bitcoin in in five years, Bitcoin in general, that landscape?
I think Bitcoin will be one of the most recognized stores of value.
It already is very much on that path, and you're seeing institutions, not just retail folks jump in and when institutions come in, they come in big, and you're saying across the world.
I mean, we were at dinners where people left those dinners and said, All right, like I'm bought, I'm sold, and I I want to buy Bitcoin.
American Bitcoin, you guys sold us when we started, is if we're gonna do this, we're gonna become one of the biggest in the world, and we're gonna be one of the biggest accumulators that creates one of the best exposures for shareholders to own Bitcoin.
And in a short five months, we've already had massive success, not only in the listing of uh American Bitcoin onto the NASDAQ under ABTC, but once we tell the market how much Bitcoin we've accumulated in a short period of time, how much mining we're doing every day, I think people will be shocked and we're just starting the journey.
So, you know, Eric, I want to ask you, I think one of the things, obviously, we sort of embraced crypto uh across the board.
We have a couple different projects going on, you know, the other big one, Azure you mentioned earlier, you know, World Liberty Financial.
You know, one of the things I see even online, they're like, well, so is which is you know, can you sort of separate out the two, talk about the differences, how they're actually complementary, not not separate and distinct, but they are they are separate and distinct projects, but they sort of work together and they're they're coming at it from uh you know very different perspectives.
Because it's it does seem like there's a lot of confusion.
These are all very big projects, all sort of happening at the same time.
Again, because we had no choice.
We had to figure out you know, ways to transact, ways to store value.
They're a little bit different.
Can you take us through the Yeah?
So Bitcoin is really store of value, right?
It's a digital gold, and that's how you can partneralize this digital gold and honestly has tremendous utility as well in terms of you know, um, the ability to make payments, etc.
But it's a store of value that's secured by a massive ecosystem.
You really have kind of DeFi, which is you know, decentralized finance, C5 centralized finance, you know, and you really have kind of the stable coin infrastructure.
And that's how do you digitize the you know the dollar?
How do you digitize really you know anything?
You're gonna get to a point in the world where where everything gets digitized.
If we want to go build another Trump power, if we want to build uh Trump Power and you know, X X, Y, and B C place.
Why am I going out to Deutsche Bank to get financing for Deutsche Bank where you know they get to dictate the terms?
Why can't I put that out to you know, all of our fans, all of our followers who otherwise say, listen, I want to be, I want to invest.
I want to be able to invest in something that I would never otherwise have had access to it, right?
Everything's gonna become digitized.
Taylor Swiss, she comes out with a new album.
Guarantee you it can be digitized, art can be digitized, sports teams, franchises can be digitized, hotel chains can be digitized.
Um, you know, we're we're entering that world, we're entering it, you know, very quickly.
But you also have people that demand, you know, 24 hour banking.
You have people who who want to be able to send a wire at night.
You want to you have people who want to be able to drive by a house with their with their boyfriend, with a girlfriend, with their husband, with their wife, say, I want to buy that house, I've got a million bucks in the bank, and I want to be able to take leverage against that house.
I want to be able to borrow off of that house.
And it's one of the things that cryptocurrency does very well.
You know, oftentimes, you know, you have to sell down assets, you know, say say you have a million dollars, you have to you have to sell down whatever you have, and you have to take that in order to go, you know, and what happens.
Parlay the cash into something else.
And what happens when you do that?
You pay, you know, 40% in in terms of, and by the way, if you live in a communist state, you pay a hell of a lot more than that.
But so now all of a sudden your whole now all of a sudden you take an asset like Bitcoin.
You take, you take a stable coin, right?
All of a sudden you borrow against stable coin.
You never actually sold anything.
You have something that continues to appreciate in value while being able to take that money that you borrowed against and be able to go buy your dream house.
And I'm not talking about like, you know, waiting for some antiquated bank to go through 120 days of of know your customer, you know, BS, not to mention massive fees.
I'm talking about you drive by the house, you say to your husband or wife, I want to buy that house, and five minutes later, that money is in your account and and you're at the closing table.
That's one of the things that blockchain can do and will do so effectively.
And so again, think of Bitcoin, store value, digital goal.
Think of really USD one, and and we're we're very fortunate.
And and you know, Azure, in fact, one of the ways we got put together is because of the the World Liberty team.
They love these guys, Azure loves them.
I mean, we're we're all very close, as you know so well.
But you know, USD one stablecoin that's really just a digital dollar, and then the D5 platform, C5 platform is really the banking lending side of that.
It's it's the payment rails to everything.
How do you take a digital dollar and how do you be able to use that on Amazon?
How do you take that digital dollar?
How do you buy an airline ticket?
Or that was the hard part, right?
Bitcoin, you say, well, I'm gonna have to sell it out somehow, convert it to cash, do that.
I mean, this is one that you could transact like a credit card.
I mean, basically three.
And you're gonna have major industries that uh transfer over.
I mean, let's just look at commodities, right?
Trillions of dollars worth of oil get traded a year, meaning, you know, it's If all of a sudden, you know, you you can get payment for oil instantly.
Well, well, think about it.
I mean, if you if you had to wait that full weekend because you're trading oil on a Friday or Saturday, and you couldn't get until Monday afternoon across trillions of dollars.
A couple of days wait on the interest on a multiple billion dollar transaction, is still a lot of money.
Hundreds of billions.
And by the way, that's in good scenarios where you're trying to transact, you know, currency, same currency to same currency.
Now, now take opaque situations where you're trying to, you know, a currency convert, and now you have the FX fees, and then you've got the latency of the Swift system and everything else.
The world liberty financial system really really takes all of all of those rails, standardizes it, puts everything on the US dollar, which brings trillions of dollars into our economy.
Yeah, because each USD one is one-to-one back with US treasuries.
So when China stops buying them because they don't like America having that power to borrow and you know, do stuff around the world, uh this actually backfills a lot of that.
I mean, uh to your point earlier.
I mean, this is gonna actually preserve, you know, what would be you know, dollar hegemony or the petrodollar, however you want to look at it, because you're actually backfilling those nations who haven't exactly been our friends, who've probably been our enemies, and they want to be in that power button.
And it gives their citizens to support the US dollar.
Because before you had nation states buying US treasuries, now you're having individual citizens of those nations saying, you know what?
I trust the US dollar more than my local currency.
And then they're the ones that are supporting the docking the currency.
So it's amazing.
So Europe decided to try and pop up a stable coin, right?
And it's a funny story.
And and they went out, and one only one half, one half of one percent of Europeans were willing to buy a European stable coin, right?
Well, if you look at Europe, yeah.
No, I'm not sure.
I mean, our mom's European, right?
So like the the point is guess what everybody wants.
Yeah, but you can't go to the major city in Europe without getting stabbed anymore.
So it's kind of a you know, uh but guess what they all want?
They want the US dollar, right?
Now, this is freaking Europe, right?
This isn't this isn't some, you know, kind of third world, you know, African country that has massive and guess what?
They really want the US dollar.
Guess what Asia wants, right?
Because of the makeup of the government.
They all want the US dollar.
Guess what South America wants?
They all want the US dollar.
And so, you know, kind of stable coin business is gonna take trillions of dollars and reattract it.
And and honestly, I like I'm as I said before, I I really believe that that saves the US dollar.
People want our currency, people want our our way of law, as tested as it's been.
Uh, you and I have bitched about this every day based on what they did to us, but people believe in America, they want to invest in America, they aspire to be Americans, they believe in American freedom, they make believe in, you know, the American dream, um, our way of life.
And and that's that's a great thing for their financial freedom all around the world.
It's also a great thing for our country.
Asher, there's been a lot of talk sort of about the regulatory framework, obviously.
The Genius Act started, you know, chipping away at that.
Uh uh, you know, I think people who are investing, I mean, when we started this crypto journey, it was like we go to the biggest lawyers in the world.
This is in the last like two years.
Well, can we do this?
I mean, it seems good, but you know, we don't really know.
I mean, what do you mean you don't know?
They you know has there been enough progress made on the regulatory framework to be able to, you know, allow those institutions to come in where you could be with the most sophisticated people in the world and actually know that you're able to do this and stay within those rails.
And what do you think needs to be expanded on?
Because these will, you know, always be an evolution a little bit in terms of that process.
That's right.
People who've been billing in this industry, I mean, all we've ever wanted is regulatory clarity, right?
Give us the framework of how to build and we'll build it and then create a lot of people.
It's hard to believe.
I mean, a potentially multi-trillion dollar industry.
And they was like, no, we don't know.
Right.
It seems fine.
And it looks totally cautious.
There's nothing wrong with any of this, but we don't know that they won't decide to throw you in jail next week.
That's right.
And I I met these these entrepreneurs at their peak, they told me that their trading volume was three X Coinbases, and they were former Amazon Microsoft engineers.
And they said, we're building in the USA.
The problem was in the last administration, they got attacked, they got subpoenaed, they ultimately went bankrupt, and they hold like ton of Bitcoin today, right?
They were early.
And I was sitting with them, and they're like, you know, our biggest regret was when people told us it'll go off short.
We said no, we'll build in America and that destroyed us.
And so now fast forward to where we are today, we had dinner in Asia last week when we were there for Bitcoin in Asia and speaking at the conference, and I had this one entrepreneur who was built one of the biggest companies within this industry.
And I said, How much time did you spend in the US two years ago?
And then how about this year?
And he was like, I spent almost literally zero days in the US two years ago, and I've spent Almost 70, 80% of my time in the US this year.
And like not only do you have entrepreneurs starting to build in the US and being confident to build, you have entrepreneurs coming back to the US to build.
And I think like you're not going to be able to do it We always wanted to be here.
Correct.
But we we literally set it up so stupidly.
And that's that's the problem.
That's why I was so glad to see, you know, a guy like a you know David Sachs being a crypto czar, like maybe someone who actually knows something about this as opposed to what happens in Washington, DC, which is like, well, that's it's gonna be a big money thing and it's sexy.
So I've been here longer.
I may not be able to tell you the difference between you know Bitcoin and Ethereum or you know, even know what it is, but I've been here longer, so I'm gonna make trillion dollar decisions that I can't possibly comprehend is is basically you know the methodology of DC.
So it's great to see those changes.
What are what are the other things you want to see continuing to evolve that make it even more attractive?
I think overall the Genius Act was a really important move in the in the right direction.
We compare it to kind of the Securities Act back in the day when we created the financial hub of the US, which was really led global finance.
Um, you'll see more regulatory uh framework come out around other kind of tokenized elements, right?
Today, you see kind of stocks being tokenized and people can trade in DeFi on stocks, and how does that really work?
Where's the regulatory framework there?
And so I think in general, it's one in understanding and an open dialogue to for like look on American Bitcoin side, our business is pretty simple, right?
We go and we build infrastructure assets, we mine Bitcoin, and then we go and buy Bitcoin.
So a lot of this tokenization element doesn't really have to deal with us, but I think broader as an industry, people want clarity.
They also want the ability to have productive discussions with regulators and saying, hey, we're thinking about doing this, what do you think?
And that would have never happened two years ago.
Today, a lot of people that are friends of mine in the space, they're having active dialogues with whatever regulator is is is is associated with their industry, and they feel comfortable to have those because they know that the mindset is how do we support growth in American businesses to be built here rather than how do we go and throw you all in jail for one little slip up that you do on a law that you might not even know existed.
Yeah, how many guys that are some of the biggest players in the space like are convicted criminals for for nothing?
I mean, you you see it all the time.
They you know they throw them in jail, and it's like, you know, then there's guys, you know, the SBFs of the world are you know, that's a little different.
That was a big scheme.
But there's other people like, hey, we we tried doing the right thing.
There's nothing here, but it's like they they were literally forcing them away.
So but so by the way, they left.
You know, but but but but one of the one of the really interesting things is everybody's trying to play catch up with the US right now, right?
So it it's most people don't have enough balls to actually sit out there and say, listen, I like the idea, I like the idea of Bitcoin.
There's been a couple of you know, South American countries that have been kind of all in, you know, yeah, Bukele over in you know uh El Salvador.
Amazing.
Yeah, very well.
They've done really well.
It's like a big pillar of their economy, frankly.
But very few people have done that.
And so now all of a sudden, what what America did was by you know the genius act, so many of the other you know, legislation, all of a sudden it justified you know what it was, and everybody realized that they kind of had to follow.
And so you look at you know, Vietnam as an example, they've probably, you know, six weeks ago they were saying eight weeks ago, they were saying absolutely now we're not ever getting into cryptocurrency.
And now all of a sudden they're they're actively exploring cryptocurrency because they realize that the world is getting ahead of them and they need to catch up.
And so America is absolutely led the way.
It took the first person with a little bit of fortitude and you know, a and backbone to say we're doing this.
And that justified it for all these regulators, all these government officials all over the world who would much rather just say no than actually say yes to something.
So it's actually fun to watch the worldwide doors open up.
And and we saw that first hand.
I mean, I gave the keynote speech in uh in in Hong Kong, and I mean you can see the end of this convention center.
I mean, that's how many people were there.
Same thing in in Japan.
I mean, and but remember, some of these some of these societies are actually still regulated because their government's trying, now a lot of people get around it using VPNs and a lot of other things, but all of a sudden these cracks are starting to form in these entire societies, these these trillion dollar markets are starting to open up and they're trying to embrace it.
You take that along with the fact that Bitcoin already has a scarcity that it does.
And I I just think it's um it's it's a really beautiful kind of explosive situation.
I think the people who get in now, right?
You know, as people's still like literally early pioneers in my mind.
You know, everyone thinks, oh, it's 10 years old, I really missed out.
I'm like, does not feel that way because once you create utility, once it's AE, once it's easy and we're starting to make it so uh that to me was when that opportunity really pops.
What one of our closest friends, you know, he is the first name, uh, starts with a Jay, you know, runs one of the private wealth management offices in the biggest areas in the country, the wealthiest, probably the wealthiest suburb in in the entire United States.
And a year ago, he kind of came up to me.
I said, Are you buying Bitcoin?
And then You can better be buying Bitcoin.
This one Bitcoin was like 50,000.
He goes, you know, that stuff's funny money.
He came to me two months ago, a month and a half, two months ago.
He goes, how do I buy it?
Like I'm totally convinced.
Now, now this is a guy that call it the biggest bank in the country.
You can probably figure out which one it is, running the biggest private wealth office, arguably in the country, who was telling me a year ago, don't buy that crap, you know, saying to invest in treasuries now, all of a sudden he's saying he wants to go all in, right?
Like the mindset's starting to change.
Like you do have no different than you have kind of rhinos and in in politics, you very much have kind of rhinos in in the banking space.
I mean, as we said at the beginning of this interview, like, you know, Jamie Diamond was crapping all over it, you know, 18 months ago.
And now all of a sudden, you know, JP Morgan's buying a like BlackRock, that the billions that are going into buying Bitcoin every single year are by BlackRocket.
It's it's really becoming mainstream.
You know, those those dams are breaking every single day.
And Asher, talk about that for a second.
Because, you know, again, a lot of those people that were haters and naysayers and stuff like that, you know, are they adapting it because they see the ability to make some money and you know, maybe they're just playing, you know, an administration that's favorable to that.
But if uh you know, if another administration, you know, like that maybe has a mindset like the Biden administration tries to lock these things down, do these people just kind of feel where the wind is going and they get out, or or or are even the institutional guys uh you know that are susceptible to that kind of political pressure, are are they still in?
Or do they not even have a choice to get out at this point?
So this is really, really important for folks who are dabbling within crypto in general that that are listening.
Back in the 90s when the dot-com era happened, you had every company have dot com at the end of their name.
The reality is a few of those companies are now the biggest companies in the world.
But a lot of those companies did not actually make it.
I think today it's really important to invest in that in the right companies because there are a lot of people out here trying to make a quick buck, and they're not building projects that they deeply believe in that will grow.
And I think I want investors to be safe, do their diligence, do their homework.
And I think that that was one big thing about building this, right?
Like, let's make a simple company surrounded around Bitcoin that is very simple to understand.
We mine at a discount, we buy with cheap capital.
And if people want exposure to Bitcoin, they can buy American Bitcoin.
But even as we launched today, I mean, I was showing you guys earlier.
There's a million and one tokens called APTC out there, and I'm like, there's all these scammers because the only place you can buy this is on the NASDAQ under ABTC.
Yeah, I mean, it's not, yeah, it's not a meme coin.
I mean, listen, we we played with that.
I mean, that was sort of a case study for us being like, okay, we actually we we do have a real following in this space, and but that I mean, it it's cool and it's fun to partake, no different than tokenization.
Like, you know, I'd love to tokenize Mar-a-Lago, and everyone can have a little piece of Mar-a-Lago.
I mean, I think it'd be incredible and it'd be a cool way for people to participate.
That, you know, but that's like, you know, again, a participation thing.
It shows you're just you know vested in something that you believe in.
And that's cool.
And I mean, I think we had a lot of following.
These are actual real functioning assets.
And you're building real technologies on the use cases, and you're in, and as you guys mentioned, the banks said no because they didn't want to be disrupted.
Yeah, of course.
Today they realize that they will be destructive whether they like it or not.
So now they're starting to build the technologies and try to keep up with the industry and not even banks within the US countries.
There are countries that said no crypto, and now they're coming out their own stable coins that are coming out with their own technologies because technology has never been held back.
It's always found a way to progress and move forward.
And this is just a technological advancement of how we operate, how we transact, how we transact value, how we store value.
And we're just at the start.
For everyone listening here, I'm sure the majority of you haven't actually experienced cryptocurrencies, and that only goes to show how early we are.
Honestly, I think Rumble, there's probably a lot more it's an independent mindset.
It's uh it's a free speech platform.
It's like, you know, the the people who didn't like playing by the rules of YouTube, you know, they sort of end up here.
So I think it's it's probably a lot more our people, but there's definitely gonna be new people and they're gonna share it with their friends and show, you know.
I again, to be, you know, by buying ABTC, it's more an easy way to get a start.
Once you're sort of it it's sort of funny.
The first this first time I bought crypto, all of a sudden, even it was a couple bucks.
It was like, now I'm paying attention to everything that's popping up.
And you know, the the sort of learning curve just went so exponentially high in such a short period of time.
That first step is sort of what it takes to sort of start really paying attention, and then you're sort of forced to because your mind just works that way.
That's right.
Yeah.
Um look, for everyone that uh is listening.
We are very excited and appreciative of where we are today.
And I think follow the journey of what we're building.
We're just at the start, and we will be building one of the best Bitcoin mining companies that has ever been created.
Good.
thank you very much.
Guys, go check out ABTC.
Uh what I want to do, I'm gonna actually take a bunch of the clips and stuff like that from like the people have to see the data center.
Because I mean Eric as a builder, I I mean he's walking around with a little bit of a chub, you know, just look at you know five football fields of servers and it just everything's perfectly neat and like you know it it it's just like someone with like they just literally when I say like OCD, like if I moved his phone a quarter of an inch on a desk, he can't function until he moves it back into place.
So as someone who's i it was pretty spectacular.
So we'll I'll clip in all of this stuff because obviously we're talking today, day of launch.
I know you guys have a bunch of other press that we're doing.
We're gonna air this tomorrow because I figured it makes sense just to s spread it out a little bit.
But uh uh good times.
Awesome.
Thanks a lot, guys.
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