RABBIT HOLE RECAP #389: SILVER SQUEEZE
93 min
•Dec 26, 20254 months agoSummary
Rabbit Hole Recap #389 analyzes the silver squeeze phenomenon driven by China's January 2026 export restrictions, discusses geopolitical tensions around underwater drone warfare and Venezuelan strategic positioning, and explores broader economic concerns including CBDCs, food safety (glyphosate), and Bitcoin's positioning amid precious metals rallies.
Insights
- Silver and gold are experiencing parabolic rallies that may signal early stages of currency debasement rather than Bitcoin weakness—precious metals historically move first in monetary regime shifts
- China's silver export licensing restrictions starting January 2026 create structural supply deficits that could persist for years, mirroring rare earth metal tactics used for geopolitical leverage
- Asymmetric drone warfare (particularly underwater variants) is reshaping naval strategy and may explain aggressive US posturing toward Venezuela as a potential staging ground for adversaries
- CBDCs are rolling out globally with surveillance capabilities built-in, validating Bitcoin's value proposition as governments implement programmable money and negative interest rates
- Food system vulnerabilities (glyphosate, monocropping, seed oils) represent systemic risks comparable to monetary inflation, requiring individual action through local sourcing and regenerative farming
Trends
Precious metals entering meme-coin phase with retail FOMO, suggesting late-stage monetary crisis pricing-in behaviorCBDC adoption accelerating globally (UAE, EU digital euro) with explicit surveillance and programmable restrictions built into designAsymmetric warfare evolution favoring cheap, autonomous systems (drones) over traditional naval platforms, forcing strategic repositioningGeopolitical fragmentation creating parallel financial systems (multi-CBDC platforms linking UAE, China, authoritarian states)Regenerative agriculture and local food sourcing emerging as counter-narrative to industrial agriculture's chemical dependencyBitcoin adoption metrics (Strike volume) diverging from price action, suggesting institutional infrastructure building ahead of retail recognitionUS sanctions on EU officials for censorship pressure establishing precedent for defending free speech against supranational regulatory overreachFusion energy re-entering public markets as viable energy solution, potentially unlocking AI/Bitcoin infrastructure scalingDifficulty adjustment volatility driven by geopolitical mining disruptions (China polar vortex demand response)Heat-punk applications (mining waste heat for infrastructure) gaining traction as ASIC efficiency improvements plateau
Topics
Silver Market Squeeze and Supply DeficitsChina Export Restrictions and Geopolitical LeverageUnderwater Drone Warfare and Naval StrategyVenezuela Strategic Positioning and Caribbean TensionsCentral Bank Digital Currencies (CBDCs) and SurveillanceEU Digital Euro Rollout Timeline and Cash Payment CapsGlyphosate (Roundup) and Food System ContaminationRegenerative Agriculture vs. Industrial MonocroppingBitcoin Price Action vs. Precious Metals PerformanceBitcoin Priced in Gold and Silver (Ratio Analysis)Fusion Energy and Public Markets EntryFree Speech Regulation and US Sanctions on EU OfficialsMining Difficulty Adjustments and Geopolitical DisruptionHeat-Punk Applications in Bitcoin MiningSelf-Custody vs. ETF Bitcoin Holdings
Companies
CoinKite
Produces Cold Card Q hardware wallet with dual secure enclaves, promoted as most secure Bitcoin storage solution
Stackwork
Offers KYC-free Bitcoin bounties for developers to earn sats through open-source contributions
Obscura
Bitcoin-focused VPN built by Carl Dong, designed with no-log architecture to prevent government surveillance
Strike
Bitcoin payment platform showing exceptional volume metrics suggesting institutional adoption ahead of price recognition
Tri Alpha Energy
Fusion technology company acquired via 50-50 merger with Trump's DJT stock, positioning as first public fusion company
Monsanto
Agricultural chemical company producing glyphosate (Roundup), criticized for widespread food contamination and regula...
Sunrise Flour Mill
Minnesota-based flour producer using heritage grains and glyphosate-free sourcing, representing regenerative agricult...
Center for Countering Digital Hate
Organization led by Imran Ahmed (sanctioned by US), placed Rabbit Hole Recap on censorship list for climate science c...
Bitcoin Optech
Technical Bitcoin research organization publishing year-in-review covering quantum computing work and protocol develo...
Zap Store
Freedom-focused Android app store using Nostr keys for verification, alternative to Google Play Store
Zeus
Bitcoin wallet with version 0.12.0 release featuring Master Wallet Connect and channel rebalancing tools
People
Matt Odell
Co-host of Rabbit Hole Recap, provides analysis on precious metals vs. Bitcoin thesis and macroeconomic positioning
Logan
Co-host of Rabbit Hole Recap, currently ill and visiting family, contributes to show analysis remotely
Preston Byrne
Free speech constitutional lawyer representing 4chan and Kiwi Farms against UK Ofcom censorship pressure, authored Gr...
Imran Ahmed
Leader of Center for Countering Digital Hate, sanctioned by US for pressuring social media platforms to censor users
Thierry Breton
Former EU Commission head, sanctioned by US for sending letter to Elon Musk attempting to censor Trump interview
Keon
Jailed Samurai developer, sending letters from prison published by The Rage describing dehumanizing conditions
Carl Dong
Bitcoin developer who contributed critical work to Bitcoin protocol, now building Obscura VPN for privacy
Michael McNair
Researcher analyzing Venezuelan geopolitical positioning as staging ground for underwater drone warfare capabilities
Jonas Nick
Blockchain researcher discussing hash-based signatures and post-quantum cryptography solutions for Bitcoin
Mikhail Kudinov
Blockchain researcher discussing post-quantum cryptography and hash-based signatures for Bitcoin security
Joel Salatin
Regenerative farming advocate promoting biodiversity and rotational grazing as alternative to monocropping
Daniel Suarez
Author of 'Kill Decision' exploring autonomous drone warfare and plausible deniability in asymmetric conflicts
R.F.K.
Public figure advocating against glyphosate use and food system contamination, mentioned as going to war against Mons...
Sonder (Sandra)
Local Bitcoin advocate in Oslo who implemented BTC Pay Server at Oslo Airport duty-free section
Quotes
"In a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor."
Host•Early in episode
"Silver has been in a structural deficit for five straight years. That means demand is higher than supply every single year."
Matt Dines (quoted)•During silver squeeze analysis
"You want the VPN that cannot log. That is Obscura. Go to Obscura.net, use the code RHR for 25% off."
Host•Sponsor segment
"Stay humble, stack sats. Focus on what you can control, make sure you're making money, spending less than you make, and stack sats."
Host•Closing advice
"This is what happens when money dies. Read the book. This is what I was tweeting out on October 9th before Bitcoin took a detour."
Host•Discussing Weimar hyperinflation parallels
Full Transcript
What's up, Freaks? This rip of RHR was brought to you by our good friends at CoinKite. They produce the Cold Card Q, my favorite hardware wallet. It's got two secure enclaves. It's got a full screen, full keyboard here. As you can see, if you're watching, if you can't watch, just imagine something that looks like a BlackBerry. It allows you to create private public key pairs offline in an arrogant fashion. You never have to connect the cold card queue to an internet device. You can sign transactions and PSPTs remotely in the most secure fashion. If you're a Bitcoin power user and you're looking for the best security, go pick up a cold card queue and go to Coinkite.com. Find the cold card queue there. I think you can go to ColdCard.com as well. Use the code RHR for 5% off. Step up your security. Get a cold card queue. This was also brought to you by our good friends at Stackwork. If you're looking for a great way to make KYC-free sats, Stackwork has bounties. Go to stackwork.ai, find their bounties page, and contribute to the bounties. You can make Bitcoin KYC-free for completing the bounties. If you're a developer looking to scoop up some easy sats, go check out the bounties, contribute to them, and stack some sats. Stackwork.ai. dot AI. Matt and I've been talking about privacy and the importance of using a VPN for seven years now, literally seven years, I believe at least once every episode or two. It's like, hey, make sure you're running a VPN. I think it's especially important today where you have governments in the UK, other parts of Europe, all across the world, really trying to introduce digital ID and curbing speech with hate speech laws. Make sure you're protecting your privacy and shielding yourself from government surveillance as you're perusing the web. Our VPN of choice here at RHR is Obscura. It's built by a Bitcoiner. Four Bitcoiners, Carl Dong, did some very critical work for Bitcoin back in the day, but he decided to shift his focus to bringing privacy to everybody with Obscura. It is a VPN that cannot log. Literally, by the way, it's designed. A lot of VPNs will hand ways, say we're not logging, we're not logging. You can't trust them. You want the VPN that cannot log. That is Obscura. Go to Obscura.net, use the code RHR for 25% off. When you sign up, any of their deals, make sure you're using it, particularly if you're in one of these countries where the governments are becoming extremely censorious and targeting citizens that exhibit wrong think. You should be running a VPN. That VPN should be obscura. Obscura.net. Code RHR. 25% off. This rip was brought to you by our official electrolyte sponsor here at RHR. Salt of the Earth. You've been hearing Matt and I talk about it quite a bit. I drink multiple packets of it a day. You've got to stay hydrated. That's why my face looks so good. So I'm getting buff. I'm able to get to the gym more because I'm hydrated. Matt, he's looking incredible. I'm sure you've all noticed it. You want to know why? Salt of the earth, baby. Go to drinkssauté.com. Use the code RHR. You're going to get 15% off. I'm dead serious. It hasn't made my life way better. My wife, she's right behind me right now laughing, but she's laughing because she knows it's true. She drinks like seven a day. I drink a few a day, maybe seven a day too. Matt, I don't even want to tell you how much he's drinking. It's good. It keeps you hydrated. It keeps you alert, keeps you ready to go. DrinkSauté.com. That's D-R-I-N-K-S-O-T-E.com. Use the code RHR for 15% off any order. You've had a dynamic where money's become freer than free. When you talk about a Fed just gone nuts, all the central banks going nuts. So it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. I mean, that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be. This is Logan's flu game. His away flu game. He's out. Visiting family. He's sick. He's figuring out how to do E-Camp. What's up freaks? It was great. Pre-going live. I was able to have a great conversation with your mother. Shout out to all the mothers out there. Especially for Christmas. Shout out to my wife. I mean, it's so cliche and stereotypical, but it's true. Christmas set up. Doing all the shopping, all the gift wrapping. When I show up Christmas Eve I'm like hey what can I do It's like okay Just don't mess up Don't mess up Did you see the Tiger Woods meme that was floating around about it Yeah It was like Every husband to his wife on Christmas morning And it's just Tiger's like big dog Good job Uh oh I will say I got a little Hey Out of here Talking about kids It's pretty cool Watching Christmas through the eyes of Of young children It really does Yeah It's got a feeling of magic to it Really wonderful experience Merry Christmas freaks Oh I thought it was on mute You guys figured out The middle child got a monster truck He's very excited about it It's okay I was talking over you I was just talking about How wonderful Christmas is From the eyes of children Through the eyes of children It is This is the best Christmas ever yesterday I forgot That's awesome I was supposed to name this episode Merry Christmas What is it? Is it about silver? I named it silver How did you know it was about silver? I can see the comments rolling in And me and Multiple of me and Marty's group chats because We're many group chats Together I'm the guy constantly just posting Silver memes so It's a little bit predictable Do you have silver bags? No I do not Did I tell you this story I like tried to Like a couple Weeks ago I tried to FOMO into Physical metal and it was just it was just too much of a pain in the ass and I was just like whatever I'll just go down with the ship if we're wrong that's a tweet we're going down with the bitcoin ship I mean like I figured out how to buy like $4,000 worth but it just doesn't really move the needle it's like might as well not all the physical metal dealers that I can find online that accept Bitcoin, I'll accept it through BitPay and require BitPay to KYC to do it. And then you, I mean, then it means you're like receiving like $100,000 worth of physical in the mail, which just didn't seem. And then how do you, that guy got to like carry it to sell it. I figured like it just wasn't even worth it. Yeah. And hope it's not fake. It is having its day Precious metals Gold above 4,500 I believe this morning Maybe 4,600 Pretty crazy to witness It is I'm not sure if you saw Matt Dines' tweet on it I thought it was good You have Pull up the silver squeeze tweet And then I'll dump Matt Dines' tweet in here too because I think it was... Yeah, I mean, I don't know the validity of this tweet or not, but... What do we got here? I'm definitely not a silver expert. Breaking. Silver prices are exploding due to a severe global supply shortage. The physical market can no longer meet soaring demand. Here's what is actually going on. China is changing the rules. Starting January 1st, 2026, China will restrict silver exports to export silver. Companies will now need government licenses. Only large state approved firms qualify at least 80 tons of annual production around $30 million in credit lines, effectively block small, midsize exporters. China controls roughly 60 to 70% of global silver supply. For those who forget, China went on a silver standard a couple of centuries ago, or maybe a century ago. that did not bode well for them. When China tightens exports, global supply drops immediately. This is the same tactics China used with rare earth metals. The silver, number two, the silver market was already short supply. Silver has been in a structural deficit for five straight years. That means demand is higher in supply every single year. For 2025, global demand, 1.24 billion ounces. Global supply, 1.01 billion ounces. There's a gap of 100 to 250 million ounces. and this gap is expected to get worse after China's export limits. Mining supply is not growing. Silver mining is mostly a byproduct of copper and zinc mining. New mines take 10 plus years to build. Four. Quality is falling. Recycling is not enough to fill the gap. There is no quick fix. Three. How many points does he have? It's five points. There's a lot of points. I mean, I didn't expect you to read them all. Three. Physical silver inventories are collapsing. Four. Paper silver is completely... It's just a fucking silver squeeze. Is the long-winded silver squeeze And his argument is that I guess that it's being manufactured Or it's being led by China Maybe manufactured is the wrong word Did you see Oh, and then what's this other tweet you put in here? It was a Matt Dines I thought this was good What's the TLDR? We're not going to read the whole thing We'll link to it in the show notes It's too long, don't read, didn't read. There's a lot of Bitcoiners and Bitcoin naysayers who are saying, hey, Bitcoin's not keeping up with gold and silver. It should be performing with them. And it's not. What's happening? And Dimes basically said, hey, this is like the Bitcoin thesis playing out in precious metals, like the gold bugs, the silver bugs, have been talking about this for decades. It's going to happen gradually and suddenly. And we've reached a suddenly point for precious metals that shouldn't be seen as a knock on Bitcoin. They're having outlier years, which many people have been calling for with the short squeezes and the paper trading. No, I mean, so did you see my Cope graph posts that I put on Noster? Yeah, they were there. Big Cope. So gold and silver priced in Bitcoin last five years. I mean, they're not anywhere near all-time highs when priced in Bitcoin, right? So the positive analysis here is that, okay, you're going to cherry-pick numbers and you're going to say – you could accuse me of cherry-picking by saying five years, but the 10-year chart looks even worse for them. But I think there's a couple of ways to look at it. First of all, you could think of this as a bullish precedent for Bitcoin. Gold and silver ripping, absolutely massive market caps. Gold specifically is absolutely insane. And the amount of nominal market cap that has increased over the last two months, three months. And that Bitcoin will rip next and that gold and silver moved first. I mean the alternative take though Could be that this Is The early to middle Days of us moving into mandibles And We picked the wrong shit coin And that gold and silver are just going to run Away here and that we You know Saw the all time high Priced in All time high price in gold and bitcoin already and we'll never see it again. I don't think that's the case. But you also have who the fuck knows, right? And I think that's what's running in a lot of people's heads. I do think when you look at those charts, though, and you see the five-year, people are mentally in tuned with that, right? I think if you ask the average participant, they would think that silver and gold priced in Bitcoin right now at all-time highs, but you look at that chart and it's not even close. They're having their day. They're having their day. I would say, though, my son is eating gold coins right now. He just let me know that he ate the last chocolate coin that his aunt gave him last night. Did you tell him it's fake? It's not real gold. But I see some commentators. As always, we have the Nostra live chat. That's where the freaks dwell. You can find it on any Nostra compatible live chat app. I like Primal. You can download Primal in your favorite app store. But some commentators are saying here that some commentators, some freaks are saying that this isn't related to Bitcoin. I mean, I think this is heavily related to Bitcoin. is probably the single most important Bitcoin story of the week, which is why we let off with it. I mean, this is a historic metal squeeze across gold, platinum, and silver. And it just feels very mandibles-like. And I will say that historically, from the Bitcoin point of view, we've always been able to punch down in the war of monies with shitcoins. And I think this next era is us punching up more, which is Bitcoin versus gold and Bitcoin versus silver. They're all computing monies. And we'll – yeah, I was talking about MVK in the comments. I wasn't going to call you out by name, but now that you're offended, I called you some commentators. They're all computing monies. So I think they'll all exist, right? I don't think like in a post-Bitcoin world, gold and silver don't exist. But I think one of them is going to have the lion's share of the market. And right now that's gold. And my bet is that it will be Bitcoin. Yeah. Just looking at the chart. Looking at the chart I'm trading you right now, silver is trading at $28.81 January 1st of this year. Currently it's $76.54, so it's up like 150%, a little more than that year to date. Good year for silver, gold. Similarly, if we go back to January 1st, it was at $2,600. Now it's at $45.20. So not a double yet, but not pretty big. The other thing that's crazy About today's Era is It really Does feel like everything has just been Has just Evolved into like a meme coin And it's just like Like social media and communities I mean around this recent run You see it like crazy Like I don't Have like a I haven't perfectly distilled this perspective or this thought, even in my own head. So let alone saying it out loud is more difficult. But it does feel like gold and silver make more sense. Well, first of all, twofold, right? It's like we know that they're printing like crazy. We know we have runaway inflation. We know the end of the fiat status quo is gradually gradually and suddenly being priced in. I still strongly believe in Mandible's and Bitcoin Standard and all of this lines up with that. Also, at the same time, gold and silver right now are very much trading the original meme coins. They have super strong brands behind them. Retail is aping in in a big way. Retail that has any money, at least. It's kind of fascinating. I mean, nothing new either. It's happened throughout history. You're saying that and it's just like, hey, this is when money dies. This is what happens. Read the book. This is what I was tweeting out on October 9th before Bitcoin. It took a little detour to lower levels, but whether it's a Bitcoin chart, gold or silver, we just look and compare them to what was happening. And Weimar back in the day. We're just living through it again. When are we going to be able to post charts like the one on the right again? Which one? The Bitcoin yearly candle. Just skyrocketing higher. Anyway, be aware, freaks. Something to pay attention to. On a... On a cooler note, we called out the Oslo Airport tax-free section accepting Bitcoin using BTC Pay Server. And we were correct that it was a local freak in Oslo who put it together and made it happen. He commented on Noster claiming victory. So huge shout-out to him. What's his name? Sandre. How about that? Sandre. Sandre. SatoshiConsult.com He was the one who did it Yeah Sandra Sonder Sorry for the mispronunciation We're known for that here We did call you the local freak That is a term in the urban I hope you know I think he knew it It seemed like he actually is a freak So I mean he clearly listened to it Or maybe someone sent it to him. Yeah. Hey, feet on the ground, man-to-man work, man-to-man offense, go in the Oslo airport, get in the duty-free store to accept Bitcoin via BTC pay server. If not you, then who? Sonder took that quote to heart and said, you know what? I'm going to walk down to the airport against you guys set up. I didn't realize we actually skipped ahead on the list Because I Named the episode Silver Do you want to read the news The stats of the day first Before we continue I thought you were going to ask me to read the letter I was going to say it's going to take a while No it's a long letter we'll just link to it Kian wrote a letter From prison one of the two jailed samurai devs. So we linked to the letter. It was posted in the Rage. Consider reading it and signing the petition if you haven't yet. Happy to report that the petition does seem to be accelerating. Still low numbers, 12,553 signatures. Need to pump those numbers. We'll comment on the letter after we get to Clark's dashboard, where the current price of Bitcoin is $87,290. One cut buck is going to get you 1,146 sats. We're at a $1.74 trillion market cap. We are at block height 929,605, which means we had a difficulty adjustment. And despite everything we were talking about, China may be banning mining yet again. Polar Vortex Leading to more demand response Miners forced to shut down It was a flat adjustment At 0.0% according to Clark's Dashboard If we go over to mempool.space We'll see That they're labeling it Technically an upwards adjustment 0.04% So we had an upwards difficulty adjustment Since we last met here We are currently 1,786 blocks away from the next retarget, which is estimated to be on January 8th, 2026 looking like a negative 0.4% retarget right now, but take that with a grain of salt early in this epoch. Blocks have been coming in at 10 minutes and five seconds on average. Clark's mempool struggling right now, 268 transactions in it for you over to mempool.space. they have 41,527 transactions one separate rebate we'll get you in the next block insane it's the holidays everybody's on holiday business isn't happening Christmas hangover people aren't buying they did all their gift shopping with bitcoin last month makes sense the mempools are empty relatively empty with cheap transactions. All right, back to the letter from Keon that the Rage reproduced. Go read it. Hand up. I've not finished reading it yet, but it's really huge in terms of what Keon specifically is going through right now. Yeah I mean Especially on Christmas This letter hits pretty hard We need to get them out of jail Yeah Instructed to strip off his clothes until he's fully dehumanizing. I think it's a pretty cool partnership, though. It seems like he's just going to be sending letters to the Rage, and they're going to be publishing them for him. Yeah. That's pretty cool Yeah They also have the address For Kion If you want to write to Kion The address is at the bottom Yeah just Keep in mind that I think the limit is three pages You can send And obviously everything is read Before it's handed to him So keep that in mind Yeah Beware freaks I see Backwater Minings Zaptos 21,000 sats in the Nostra live chat. Merry Christmas and happy hash rate heating. Winters are where heat punks shine. Summers are for building. 2026 will be full of innovation. Damn right. Thank you for your support. I could have saw that. Shout out to all the heat punks out there. One of the applications I'm more bullish on in the next few years. I think it's really cool Everybody's building out there Yeah and I think It becomes It just over time Like as We've talked about this a lot In the past But as ASIC life cycles Continue to increase Performance improvements Plateau And don't Jump up as significantly I think we'll see more And more uses of Waste heat And novel ways From mining Naturally distributes hash too It's really great win win win this is what I'm thinking of just the heated driveway so you don't have to shovel snow if you live in an area yeah that one was cool did you see that one yeah let me see if I find it but I mean as somebody who had to shovel snow for three hours last week this would be way more efficient here's Logan and like a freak who zapped us in the live chat this was built in the summer and now is able to reap the benefits of this infrastructure build out alright we're already on to the Human Rights Foundation story of the week, which is coming out of the UAE. United Arab Emirates, where CBDC roll out as free amid expanding financial surveillance, the United Arab Emirates Central Bank announced that the first phase of its digital dirham, Central Bank Digital Currency, will be offered free to users and small businesses, streaming the rollout as a cost-saving upgrade to payments. But quote-unquote free at launch does not mean neutral. As a direct central bank liability, The digital theorem gives the state full visibility into transactions and the power to impose future fees, conditions, or negative interest rates once adoption is established. The news follows the UAE's first state-to-state CBDC transaction conducted via the multi-CBDC Enbridge platform, which links the UAE with China and other authoritarian states in a shared programmable settlement system. for more stories like this and others. Make sure you sign up for the Financial Freedom Report newsletter at financialfreedomreport.org. CBDCs, they're here. Feels like more and more every week. They told us they weren't coming. Told us they weren't coming. Apparently, the EU Ninja launched their CBDC, or digital euro, I think, on Christmas Eve. Let me see if I can find this. Yeah, I think they settled on the launch date officially. January 2027, the digital euro CBDC is expected to enter pilot rollout. July 2027, EU-wide rules will cap business cash payments at 10,000 euros. so the uh the digital euro timeline has been set big topic of discussion this week i don't know if you have it on the list i don't think you do but what uh the sanctioning of five europeans for trying to pressure u.s based social media companies to censor their users. Oh, I didn't see that. Is it connected to Russia? No. No, it's connected to a number of things. The UK. Is this like the war against Elon? No. I mean, he's been dragged into it, but really, I recorded with Preston Pysh, who's actually leading the charge. The UK, after their digital Surveillance Act, or I forget what they're calling it, the DSA. It passed when live at the beginning of this year, and Ofcom, which is a British federal agency, sent a letter suing 4chan and Kiwi Farms, which are too small. So you know what 4chan is, obviously. Kiwi Farms is what I was not aware of. basically trying to find them and force them to explain what they're doing and why they're not censoring people. And Preston Byrne is representing them and others. Did I say Pish? A lot of Preston's. Byrne is a free speech constitutional lawyer. Yeah. That makes a lot more sense. Yeah. And him and another big coiner. column out of Wyoming. They put together the Granite Act, which would basically make it very hard for UK and EU officials to try to put pressure on US social media platforms to censor their users because they don't like the speech. I recorded with Preston Earn last Friday, posted it on Monday, go listen to it. If you want to learn all about this case, but it's escalating on, I think it was Christmas Eve, or maybe it was the 23rd, U.S. sanctioned five individuals from the European Union who were doing this, one of which was Irman Ahmed, who runs the Center for Countering Digital Hate, which put this YouTube channel, if you're watching on YouTube, put us on a list for having a climate scientist who don't believe in a cataclysmic climate change. imminent cataclysmic climate change on. They put us on a list and got us censored by YouTube. Their leader has been sanctioned, not allowed to enter the U.S. Nice. Thierry, the big one is he was the ex-head of the EU Commission. He's the one who sent a letter to Elon when Elon was publicly announcing that he was going to interview Trump. And he sent a letter basically trying to censor Elon, not having him. didn't want him to interview Trump because it could incite violence in the EU. Terry Bretton. He's not allowed in the U.S. either. There's a few others as well. That's a good list. Yeah. Fight fire with fire. Yeah. I was going to heat up. They're saying that it's a way for the U.S. to evade the laws of Europe and the U.K. Australia has a similar law too so they'll probably get into the mix that's going to be a big fight do we actually have free speech on the internet if European countries Australia, New Zealand I think is going to get in the mix too can write laws and then supernationally enforce them on US social media platforms hiding behind the guise of the internet and hate speech better get your silver while you still can't geopolitical tensions are picking up the Nostra live chat just like they're all attacking each other over precious metals now because of us are they? they were fighting each other great geese aptos 21,067 sets he says throw out your sketchy millennial slop let me move this to the screen millennial slop pleb slop rancid adulterated with fillers cooking fat and start cooking great g the lowest poofa best for you amazing tasting animal cooking fat sourced and produced exclusively in southwest virginia american huddle average gary no dell all love it merry christmas christ is king death to Bufa's Free Samurai Let's Ride. Yeah, I had the pleasure of trying Greek Ghee. It's great. It's great Ghee. Great naming. Great naming. Yeah, it's great Ghee. We were already using Ghee, but we were using local Ghee, so we tried his Ghee just to support the growing Bitcoin circular economy on Noster. Pretty fantastic. It goes hand-in-hand with our wonderful soap from Soap Manor. incredible soap, incredible. And then Matt, Matt, 21 zap dust, 21,000 stats. Merry Christmas. Merry Christmas. You have the easier one, easier read out. Merry Christmas. Also, I realized by the way, we should start, if people zap the primal video, the Noster video, um, and it's over 21,000 stats, we should start reading that as well with our shout outs. Um, so that they're on even, even footing with podcasting 2.0. We didn't have one that hit it. we had milky's app 20 000 sats and but he was close enough and he said pilates was created by a man um but also i don't know if i don't know if you saw it but on the announcement brighter dive freak brian zapped us um a million sats which i think is the largest app of all time um you can find his account at primal.s brian with a y go follow that absolute legend that's fucking awesome. Merry Christmas to you. Thank you, sir. Yeah, and his message was Zapmore. Shout out to Logan of Cum Rocket. I'm glad you have access to it this week. Oh, you don't have access to it. Thank God. Well, you did it for him. Now we got another recording. That one is even clearer. Clip that one. What else do we got? I guess we should read Sal Rebeas, too, since we're at this point really podcasting 2.0 this we just use fountain to surface them uh merry christmas from eric 99 72 027 sats palindrome zap uh our girl sil pringle mac 44 444 sats pours across the board palindrome boost merry christmas Freaks. Here's to a cracking 2026. Big love always, Syl and Tony. Love you guys. Stimmy. Hashtag 40 hours per week of podcast listening. 21,012 sats. Merry Christmas. Free Samurai. Great messages there. Great support all around this week. Announcement post. Live chat. Merry Christmas. Fountain. Merry Christmas. All right, on to software update section. Zeus version 0.12.0 has been released. This comes with Master Wallet Connect Service, circular channel rebalance tool, battery saver detection, and warning for embedded L&D with private key import and a bunch of other stuff that I won't read. Go to the Primal Post or their GitHub page to learn more about this. Zeus is awesome. Highly recommend. One of the best Bitcoin wallets. Agree. Zap Store, the major release, version 1.0 Release Candidate is finally out Completely new app Too many features to list here Available for anyone to test Get it on Zap Store Or see our latest release on GitHub It will install as a separate app It's a freedom-focused App Store alternative for Android And instead of relying on Google To verify releases It uses Noster keys and signed messages to verify releases so you know you download the correct app. I still think this is one of the coolest use cases, most helpful use cases of Noster. So a huge shout-out to Fran, who's the maintainer of that project. I love it. Yeah, go check it out. Speaking of checking out year-in-review, it's that time of the year because we hit Boxing Day. Going to get the year-in-reviews. Happy Boxing Day, freaks. happy boxing marty's favorite day of the year it is i'm not able to celebrate my wife got a got the bug too so i've gotta i've gotta have my wits about me can't be look at you working on boxing day hey somebody's got to do it somebody's got to do it all the uh all the help is out celebrating so you got to pick up your sleeves and uh and get it done speaking of years of review Bitcoin Optech came out with theirs you can go through, they got a month by month breakdown of some of the bigger research projects, upgrades, conversations around Bitcoin I highly recommend you go check this out, they have a summary on quantum, if you're in there you don't think Bitcoin developers are focused on it, you can read what has been worked on there you can check that out Yeah, Bitcoin Optech is The best technical Bitcoin newsletter In the space If you don't read it on a week-to-week basis At the very least you should read it For the year in review This is a can't miss release Go read it Yeah I'm not going to I'm not going to pretend like I read this article I know it was shared in a group chat that we're in Last week, I've had it in an open tab But Michael Michael McNair wrote a medium post, which I haven't seen in a while. This is ancient to me. The Venezuelan drone crisis. What's going on here? So we were talking about the Venezuelan embargo last week and potential motives and blowing up boats and Guyana and oil fields. And our colleague at 1031, John Arnold sent this to us based on that conversation. And I read the entire thing. It's actually, it's an interesting perspective. So basically, his thesis is it has nothing to do with oil, and it doesn't really have that much to do with Venezuela either. And it doesn't have to do with drugs. But his thesis is that it has to do with the fact that the Ukrainians started really escalating their use of underwater drones. The first real underwater drone usage was, I think it was December 15th, so 11 days ago, and they hit a heavily secure Russian port and they hit a $500 million sub while it was in port, while it was in the harbor. and Russia panicked so much because of it that the only way they could thought they thought they could protect the other ships that they had there was by sinking a couple vessels at the mouth of the harbor to try and make it more difficult for them to attack just to show like the urgency and the desperation in terms of trying to protect against underwater drones that you can't see that are cheaply produced and shipped really easily. Now, the biggest issue with underwater drones is range. So this guy argues that if China and Russia want a foothold in the Caribbean and around the Panama Canal for underwater drone usage and also surface drone usage, Venezuela is the ideal ally for them. and he argues that the reason the Trump administration seems to be very aggressive here and moving very quickly is because that's the fear that they're concerned about. Venezuela being used as a launching point, Venezuelan ships being used as a launching point. And I have a – we've talked about in the past, if you haven't read it, Kill Decision by Daniel Suarez is really, really fascinating. It's about this next era of autonomous drones and the chaotic implications that come with it. One of the crazy aspects of autonomous drones is, particularly if you build them with off-the-shelf parts, it's really hard to prove who launched them. So you have plausible deniability that kind of end around mutually assured destruction. So if you don't know who attacked you, it's really hard to nuke them, basically. And I have another story here, which was I think this week it came out, that China is basically testing out using, converting their cargo vessels into military platforms with advanced detection capabilities, but also missiles all loaded in storage containers. and it kind of feels like it's all connected to a degree. So that's why I wanted to highlight it. Yeah. No, I love this perspective. Not that I love that it's happening, but I think it makes a lot of sense. We are in the age of asymmetric drone warfare, I think. Ukraine's attacked deep in Russian territory earlier this year. they snuck a bunch of drones in 18 wheelers and then decimated a lot of their aircraft was we'll probably be looked back as probably the one of the biggest military battlefield events of the 21st century an inflection point yeah definitely a turning point and I would say this other one this underwater drone attack on the port We'll see crazy times But I just thought it was something that we should highlight Particularly since we talked about it last week You know I'm definitely not a geopolitics expert But it makes This guy's This guy's thesis makes a lot of sense to me We talked about it, you read Vanderbilt You know all about geopolitics I also read When Money Dies The age of asymmetric Warfare is a promise Yeah we've been talking about this For a while If you start to think about it As like Cuban Missile Crisis 2.0 Kind of lines up And then All of a sudden when you're flexing Seizing cargo Ships and blowing up fast Small boats That also lines up Pretty well with it so that's like who knows if this was like 4D chess but I forget maybe it was that that briefing the presser that Trump did where he announced the military dividend the war dividend or the warrior dividend freedom bonus freedom bonus he did mention about like reinvesting like large naval ships which in this day and age doesn't make much sense you're just throwing money at massive targets that can be taken out by chief drone. Well, he announced the Trump class battleships. Did you saw that? Yeah, that's what I was talking about. They're not traditional battleships. They're basically ones that are not a Navy expert, but they're like the step below. They're like cruisers with missiles on them and rail guns. so it's not as crazy as like announcing like a huge traditional battleship I think a lot of that is just like marketing it's like this is the new era of battleships but yeah I mean protecting these super large like aircraft carriers and shit when you have like autonomous drone swarms is a whole different ballgame. Yeah. But that's why it's really interesting this Chinese piece of using storage containers to quickly retrofit merchant vessels because they have a shit ton of them. And yeah, like the test one has like radar that's obvious and it's like pretty obvious what's going on there. But imagine a situation where you have tens of thousand Chinese cargo ships and you don't know which ones have drone swarms and missiles on them and which ones don't okay what's old is new again go pick up gold warriors talking about uh how the cia went and pillaged the gold that the japanese hit in the philippines post-world war ii but a lot of this book is uh talking about the asian perspective japanese korean chinese perspective the lead up two and aftermath of world war two. And one of the big topics is how they retrofitted a bunch of ships back in the day to hide soldiers And um they were basically marketing them as medical ships They were using them for attack measures. Again, what's old is new again. Great book. Gold Warriors. I think I've mentioned that before. Go pick it up. Speaking of this, Navy. You go first. I'm going to transition to something. Well no Your sound is actually relevant to what we're talking about So continue Speaking of the Navy United States Indo-Pacific Command Jason Lowry Has been appointed special assistant Direct advisor No one gives a shit What? What do we think? Everybody's very excited about this There's a non-story Doesn't matter I don't have it on the list But what's your opinion on the Epstein releases so far You'll be shocked to know I haven't done a deep dive other than I saw that they redacted a bunch of stuff And didn't actually redact it appropriately So I mean people are claiming That you can actually Did you see that Doge cancelled their Adobe Pro subscription And they think that's why they fucked up the redaction Really? That would be Incredible What are your thoughts on it? I haven't done a deep dive either It's been Christmas week Also talk about Talk about the effects of the post-truth world It's so hard to navigate What is real and what is fake But it seems like Trump Is heavily implicated in it Am I correct or Again I did not do a deep dive yet So Specifically in the redactions As they like Peel away the redactions It's like a lot of Trump mentioned stuff in the redactions I don't know I haven't looked deeply into it Freaks if you have like a Good deep diver analysis on it Send it our way We'll shout it out next week But on the Trump topic We also talked about that fusion researcher That was killed Like one of the preeminent experts In fusion technology in the country Murdered MIT And since then Now the claim is that The guy who shot up Brown And killed the young Republican leader the girl then drove and killed this researcher and then proceeded to drive to a storage container he owned in New Hampshire and killed himself in the storage container which fucking reeks that is the most ridiculous official story just rewind 15 seconds and repeat what you just said to make it clear what we're supposed to believe that's insane That does not line up And then on top of that Like this also broke late last week Trump's Meme stock company That trades under His initials DJT Is emerging In an equal parts 50-50 merger with some Fusion company And they'll be the first Major public fusion Company and that's just I don't pretend that that means that they're connected but still Fusion is something that I don't know people talk about in sci-fi books and stuff and rarely comes up and it just happens to be the same week that the head researcher gets killed they decide to basically do a massive pivot on that company which historically their biggest holdings have been Truth Social and Bitcoin that's not like a small acquisition it was a 50-50 equal parts merger to focus on fusion technology in public markets yeah just reading the tea leaves on X-ray now President Trump acquires Holy Grail Cold Fusion Nuclear Energy Company that is described as a crown jewel confirming our mega prediction from January that he will become America's first free energy president this is like that's what the what were they called again Patriots in Control where we all go what was that QAnon I don't know QAnon Tri Alpha Energy it's funny like independently my oldest was curious about nuclear energy so we went down that rabbit hole together difference between fission and fusion and yeah, fusion obviously it's one of those things that's been right around the corner for decades but for those who are unaware fission nuclear power is when you split cells and you get a reaction, fusion is when you combine them yeah, but the difference is fusion if actually if they actually are able to make it happen theoretically should be significantly cheaper than fission. And it's much more power dense too. And historically among big energy companies, there's been zero desire to actually have cheaper energy. But now that AI and Bitcoin exists, there's actually a direct incentive for cheaper energy. So if they're going to figure it out, I feel like now they're actually incentivized to do it. And then there's like a million red flags from the top researcher gets, like killed in a Jason Bourne movie. And then the president scoops up the crown jewel of the future. The same week. Yeah, it is. Stay focused for a silver podcast now. Just make sure you're getting your silver, your silver coins. Stay humble, stock silver. Last but not least on the list Our Boxing Day list Glyphs Yeah so this was a topic Yeah this is a topic that's like Is near and dear to my family And I've been meaning to bring it up in the tail end of our shows And I keep forgetting and then R.F.K. Reminded me this week Because he's he seems like he's going to war against them, which is fucking awesome. But specifically, when we talk about glyphosate, we're talking about Roundup. We're talking about Monsanto's poison that they spray on crops throughout the world. But it's very bad in America. And it's crazy to me, like all this talk. I mean, seed oils are horrible. Vaccine schedule is horrible. But this is, I don't understand where the argument comes from allowing it to happen in the first place. Or at the very least, like at least having some kind of disclosure. It's really hard. If you try and find flour or bread products and stuff, it's really hard to find ones that are glyphosate free in America. Historically, you have to like ship them from like Austria or random ass countries. and we actually did find a we found a flower producer in Minnesota that is glyphosate free but this is some like just straight evil shit and it's horrible for us and I'm pretty sure it's what's causing everyone to be celiac they think they're sensitive to gluten but it's really the shit they're spraying on the wheat but yeah fuck Monsanto and I don't know I mean you said it's near and dear to your heart so I'm assuming you've observed this in your network but like the amount of people that I know celiacs like in my immediate family now is abnormally high it's skyrocketing yeah like my mother-in-law she's in her 70s And she just developed celiacs in her eighth decade of life. I mean, we're just trying to, we don't have any celiacs in our immediate family. My wife bakes. So she tries, we try and whatever bread we eat is like bread that she bakes. But then we went down the rabbit hole of sourcing the flour. it's just to me this is a tangential rabbit hole along with seed oils and real milk instead of pasteurized milk and fresh eggs but the crazy part about this one is it's just really hard to source it's really hard to figure out what has roundup on it and what doesn't have roundup on it you can get organic stuff which it doesn't have it on it but also like the certification to become organic is insane so like you do have farms that are not spraying the shit on their crops but they're technically not organic because you need to have like farmland that's like lasts for 10 years as organic to get certified it's a whole fucking process um and then i think part of it is calling it glyphosate is also like part of the psyop because it just sounds long and complicated like it's the monsanto roundup poison that they're spraying on shit yeah the argument for why we need is like you'll have a crop collapse because all the bugs will come in and decimate your crops. Yeah, presumably it's a lot cheaper for farmers in the short term at least. But I don't know. This is a big one. It's a big non-Bitcoin issue for me. Yeah, it's essentially just an evolution of DDT too. I mean that was if you really want to get out of the rabbit hole talk about the polio crisis in America a century ago or however long ago it was. When you look at the prevalence of DDT crop dusting, they aligned pretty well. Then when DDT was banned, they realized it was fucking people up. You look at the polio numbers there. It seemed to correlate with the downtrend as well. It seems like Monsanto has found a DDT-like chemical that is a bit less intrusive but still has terrible effects on your body at the end of the day. From what I understand, again, not a medical expert, but it messes with the bacteria in your gut to the point, and that's why you see celiacs becoming a thing because it just completely destroys your gut biome makes you more susceptible to these allergies if you will and then also it finds its way in the water so just filter your home water filter your home water you want to avoid the glyphosate and the chemical that turns the frogs gay which one is that? I forget what it is Maybe it is glyphosate too The chemical in the water Turning the frogs If you reverse osmosis your water Which is what we do Just remember that You lose all the minerals That's why you go and buy salt of the earth So then you You remineralize it Use code RHR Yeah you can do it for 15% cheaper If you use the code RHR I see freaks asking I just texted my wife asking what the brand of flower we found in Minnesota was so hopefully she'll get back to me before the end of this episode look at you not gatekeeping your clean flower I love this some people out there would say that we need to make sure we gotta get them to give us code RHR Is it fluoride that turns the It's atrazine Yep atrazine It's turning the frogs guy The flower producer is called Sunrise Flower Mill Better stock up They're based out of Minnesota Hey we've been known to To run the suppliers dry That we They also use heritage grains. My lady did her research. Use code RHR for no discount. Stonehands is saying just order your flour from France where all the shit is illegal. That's the other crazy part. A lot of this stuff is illegal. It's the one thing the Europeans got going for them. Austria, too. Are we going to save Europe? Europe seems to be in a bad spot right now, dude. My wife says it doesn't have any of this new GMO shit. I'm so proud of her I reached out to one of our friends When we were going down this hole And I was like yeah you know like Austria band Ground up so like Austrian flowers Good he's like yeah well we band a lot of Shit and That's one of the few Things that's a good band I was like okay I want to read the Venezuelan germ thing after this You should go look up particularly the reaction From European officials after The US announced that we were sanctioning people For trying to censor American companies There's a full on propaganda onslaught Saying that we're infringing on the sovereignty of European nations who have their hate speech laws. They must be respected. Do you see this comment in Primal from Stonehenge? Why does Sauté use natural flavor, not good? What does that mean? Natural flavor? I've talked to Sean about this. My wife, that was his one question. I think she had the skepticism that you're showing Stonehenge. It's basically stevia, I believe, they use for flavors of sugar. And then natural coloring, like carrot and beets is what they use for carrot coloring. Stone hands, you can write a note and tag salt of the earth, salt of the oster. They're there, active. Puts pressure on them. Good questions. it looks like Laurel in the comments found it yeah it's sunriseflourmill.com where we get our flour you know i mean of course you can import from out of country but i'd rather buy american they really fucked up our food in this country man it should be way more of a controversy um the great betrayal of american citizens was our food supply. We're the bread basket of the world. We should have the best food in the world. We'll get back to it. We can always return. You see this guy? No scientific evidence Roundup is bad for you. Stick to the Bitcoin expertise. We found the Roundup Defender. They exist. We found Big Roundup in the live chat. Maybe he's a farmer. I give him a bunch of the doubt. No scientific evidence Roundup is bad What do you guys think chat Are we spreading conspiracy theories here What You asked chat Yeah yeah chat We gotta start out like if we actually want to blow up We gotta start asking we gotta say hey chat What do you think Huh chat I think I mean I think it's pretty simple Food was food And it worked well for And just because A company with perverse economic Incentives created some Chemical that kills bugs On site Doesn't Like it's just like you're Literally spraying chemicals on food Do you want those? Yeah, I mean, I think the burden of proof should be on the opposite side. Like, we shouldn't have to, like, wait 30 years to prove chemicals are bad for you. We should, as Marty said, we should assume the chemicals that are designed to kill things, kill things. Unless proven otherwise. Yeah. And Yon80 in the chat is making a lot of sense here. Monocropping is the issue. It is like the big issue. I think it's monocropping. That's another one. Yep. I forget. It was on Prime many years ago. We bought it. I'll figure it out. Try to remember to post it. But there was a documentary on this family. It was like private equity, quit his job and then started a family farm in California that was completely decimated by monocropping slowly but shortly. over the course of like five years they diversified the soil and the crops of the land they introduced ducks stales all this stuff and they have a thriving farm california that has no bug issues it's all about the biodiversity we need to get back to that shout out to joel salatin and others that are really pushing this regenerative farming thing that's the other thing too. Not only is it good for the food and for that farm specifically, but I'm a big believer in greening the earth with roaming cattle. We're going to farming to turn best land into green pastures. We can do it. It just takes a little. We probably have to get all these regulations out of the way. Part of doing that is going to make it so companies like Monsanto can't create these regulatory emotes and fund misinformation purveyors to go into YouTube live chats to defend big Monsanto. I mean, I kind of love the diversity of the freaks. At least we got one. I think it's a positive, but still, fuck Monsanto. That's a great question here. Why does Monsanto make aluminum resistant seeds? I got a theory. I got a theory. Spraying aluminum. Yeah, support your... Support local farmers that do it the right way. I feel like that's the easiest win. That's what we've got a farmer on the corner that does a summer camp. My niece did last year, and our oldest will do this year. I'm actually jacked for him to go to farm camps. That's cool. yeah I like that what's it gonna do yeah we have we have we have a friend that sends their uh oldest to farm school um which if we don't homeschool I think is a pretty cool option but we're some years away yeah would you would you want your children to raise the fattest pig or the strongest goat people do us that's what you do when you go to farm school right you pick an animal and you I don't know how it works specifically but we went to one of their open houses and the core of it is that there's just like animals just like free roaming around the children goats and horses cows and chickens and shit Yeah, my niece came home from farm camp last year and a hawk had gotten to the chicken coop and she had to learn the hard lesson up close and personal in the circle of life. It's the reality. Yeah. What else we got? Is Bitcoin okay? Are we ever going to talk about Bitcoin? Bitcoin's doing great. I think this moment is why we Bitcoin, just complete chaos in global markets. Bitcoin is the ultimate safe haven. I think 2026 is lining up to be a huge, massive year for Bitcoin or the opposite. I don't know. I'm hedging myself. I don't know. I feel like Bitcoin is going to Is going to crush it in 2026 And the world is going to start To wake up to Bitcoin as the true safe haven Freedom money for the world I'm calling it a super bear cycle We're going to like 45k Thank you We can't both be bullish Otherwise we're fucked What happened to super cycle bro I need a super cycle It is it's just going the other way Super down cycle I would just say I like gold jewelry Gold is Lindy it been around for a while But like Silver ripping against Bitcoin is like the biggest fucking kick in the nuts It such it's that one that one hurts way more. So we'll see how that goes. But I think that's part of the reason. I think that's part of the reason for the negative sentiment we see right now, even though Bitcoin's at $88K. But the other piece that I it's constantly worth mentioning is, you know, we're 35% from all time highs, something like that. It was only like 80 days ago that we were at the all time high. Wow. So sentiment shouldn't be that bad right now. But you have to remember that a lot of people aped into the leveraged Bitcoin stocks, and those are down like 95%. Yeah. And so that's obviously taking a massive toll on sentiment for anyone who did that. I think the silver market's liking that we transitioned to a silver show. Silver at a new all-time high, $77.41. Yeah, you see this guy, Count Trumpula in the YouTube comments saying silver is indicating a massive issue. The economy has months at best. That's where I keep flip-flopping between the two. It's like silver, gold rip first, then Bitcoin and we just... And then US government prints... You know, like we print a shit ton of fucking money going into midterms and Bitcoin just rips people's faces off. We just have an insane bull run. Or we're living in a global depression. This is like the fucking last pumps of a Of a dying economy and Bitcoin has a hard ride for the next few years, but either way, I'm just going to go, remain all in and stay up on sex. That's like, I just don't know what other option I have. I, it seems like the best stuff for it. I don't know if we're just, maybe the silver squeeze, the gold squeeze is a play. That's what's happening. We're going to a new paradigm where we break out of the atmosphere. where it was the bounds of space, the new paradigm forever. But if you just look at the chart, I've got it up on TradingView right now, silver particularly. It's just like it looks like a 2017 Bitcoin chart. It looks like a meme coin. That's what I was saying. It's a pretty crazy chart, silver specifically. Gold is a crazy chart because when you realize how much value that is in a nominal sense. It's insane. But silver, just as from a pure chart view, is just straight up fucking crazy, like purely parabolic. And then the other thing that's crazy is, you know, our largest investment at 1031 is Strike. And I'm heavily involved in the day to day over there. Like the numbers at Strike are incredibly bullish. Like it's crazy volume numbers. Like if you looked at that alone, you'd be like Bitcoin adoption is in full swing. And it's pretty crazy. You don't see that in mempools. You don't see that in the price chart. It's a weird contradiction. Maybe it's a leading indicator. Maybe gold and silver pumping is a leading indicator. I like that theory too, that gold pumps first, then Bitcoin. And it's like we've been around the block. This is what Bitcoin does. It lulls you to a state of complacency. It gets you all pissed off. It gets you thinking about your life's decisions, where it went wrong. And then it surprises you. What's your – Bitcoin is waiting for you, the person listening right now, FOMOing into gold, rotating your entire stack into silver or whatever. Once you do that, it will reverse. That's when we start ripping. So good to do your part. We're a silver podcast now I see a lot of hopeful Ardent Bitcoin holders In the live chat You need to do your part To help turn this forward I'm kidding But stay sane out there It's a thick Crazy times A lot to be optimistic about though Do you have any predictions for 2026? This is kind of our New Year's episode too It'll be 2026 The next time it's our last 2026 predictions Wow Put me on the spot there Bitcoin related I think Bitcoin related I'm so bad at this You see Helen in Primal Chat 2026 is the great reset It's great reset 2026 prediction Bitcoin will continue to produce blocks And enable peer-to-peer Distributed cash transactions That's a shitty prediction I have a better question for you Marty Do we Do we hit a new All time high priced in dollars So do we pass 126k In 2026 You answer then I'll answer Yes I think so I think so too Do you think we pass a new all time high priced in gold In 2026 What do we need to get to Where do you charge I have no idea What was the ratio like 23 Just pull up trading view right now Bitcoin To gold I think well Bitcoin gold all time high Is Like 30 something ounces per coins 40 ounces, 40.2 ounces And what are we at right now? We are at 21.9 Or excuse me, 19.3 Gold terms? Yes Yes or no? Do we hit an all-time high of greater than 40 ounces in gold for Bitcoin? So I'll say 2026 Maybe not 2026 that's the thing I've gone back and forth in my mind like every like just going back to 2008 Marty 2013 Marty 2017 Marty now I'm in my mid 30s I've been here before where it's like it's happening the global financial system is unraveling now the squeeze is here Bitcoin's ripping like it just could be wrong maybe it is happening you know so there is got to be a point when it happens maybe it's right now but it's a long no the pattern recognition in me is like gold and silver. Everybody's like, get on board. They're going back to gold standard silver currency system. It's happening. We're sending shipping containers full of nickels to Panama to prepare for the Great Reset. It's typically at these moments when the bubble gets deflated. I would say there's a possibility if the price of gold comes down. Let's say like 3,000. We have a 50% drop in gold. Next year, Bitcoin rips. And yeah, maybe we get above. So yes or no, Marty? So 40 times 3,000. 40 ounces per Bitcoin. Do we pass 40 ounces per Bitcoin? 40 ounces of gold per Bitcoin in 2026? No. No. Okay, I'm going to go with yes. And then what's the silver Bitcoin all-time high? Bitcoin price in silver. Do you think we passed that in 2026? Are we already past that? All-time high was 3,548. We're currently at 1,126. That's the silver per Bitcoin. High was hit. All-time high. January of this year. It's crazy to think. We're down a... Relatively recent. Okay, so do we overtake it again? Do we overtake it again? All-time high in silver, price in silver this year, 2026. Well, our new silver list. You had yes for fiat. I had yes for fiat. You had no for gold. I had yes for gold. What about similar? No, this is a 2027, 2028 Absolutely yes Yes for Bitcoin priced in silver All time high this year Okay Wow, Marty's bearish man Bearish, bearish Maybe sober analysis Just looking at it Sober analysis, earlier this year You were just yelling super cycling God candle at all of us Our silver listeners are not happy right now Silver is outperforming almost everything Garbage? Laugh my ass off I don't think that's a silver listening Oh, is he upset that we called it garbage? Yeah Silver is garbage I'm sorry that that hurts your feelings Your feelings are really going to be hurt now Because Roycer just zapped us 21,000 sats Silver can squeeze these nuts You can't do that with silver Then there's another 21,000 SatZap right above that StackSat, starve states Bitcoin is the most accessible way To starve the state It's your best protest Thank you freaks for supporting the show Okay Last price related prediction Since I don't know Price is an easy metric to base predictions on Do we go under 80k? In 2026 No Which is the low we hit Recently No I don't think so Interesting I think we're at peak Actually who knows I'm going to go with yes we go under 80k In 2026 but then after that We breach all-time highs in gold, silver, and dollars. I think just not enough pain. There's a lot of pain out there. People are very, very dejected right now. I think the knife needs to be twisted a little bit. I think they're in pain. They don't feel real. They need to – that guy, like Paul, listening to the show right now, needs to rotate his stack from Bitcoin into gold before he turn around. And like that's going to take a little dumpage. You shared an article this morning where some guy rotated into like WorldCoin and stacks because – Yeah, but who's that? That's just some schmuck. That's just some random person. Yeah I mean he also rotated Into ETFs it's a weird time It's a very weird I think now more than ever it's important to hold Self custody of Bitcoin so Don't rotate into ETFs either you're just Rugging yourself if you already know how to Self custody Bitcoin don't do that I think next year is going to be Like barn burner for The economy I think everybody's like Oh we're going like I think I think things are going to be good just anecdotally have you seen gas prices? I've got under $3 a gallon here in the Philly area which is like the first time I've seen that in quite a while I don't know the eggs the grocery bills haven't been as bad as they were a year or two ago as bad, not that they're great but I think vibe coding is who cares about gas prices? I don't know. Do you have a car? Do you drive? Do you have to get to work? Do you see his comment above that too? I literally sold her with silver every day. It's garbage. But we can make predictions. We can try to do it. I think getting back to basics, one of the best pieces of advice is that we give. Stay humble, stack sats. thank you Matt Odell for coming up with that term very punchy but it's just like focus on what you can control make sure you're making money you're spending less than you make in your sack exacts like who cares and learn real skills and move out of cities and raise strong families back towards a big metropolitan bro I've been saying this since before you chose to and when you were considering it I even preemptively re-mentioned it. So no, it's not a dig. You had your reasons, but maybe it's confirming my biases, but everything I see is mandibles than Bitcoin standard. And if we go through, it's such a weird situation, right? Because intuitively you think if the economy is bad, asset prices go down, but not in a hyperinflationary environment. As inflation rips, we crash up. So it's a weird thing to navigate because it's not, you know, oh, I'll just sell for dollars and keep it in my bank account and then I have, you know, money to spend on things. You can't do that. If you do that, you get absolutely wrecked. So I think most people are not prepared for it. Even if you're paying attention, it's hard to be prepared for it because it's counterintuitive in that way. And then second of all, when you're in dense population centers, as that's happening, I think it's going to be quite chaotic. And we're going to see a lot of the social fabric that we've taken for granted kind of get ripped apart. And we've seen the early days of that in a lot of ways. It's kind of just festering under the surfaces. So if you can afford to consider moving out of large cities in 2026. Yeah, I think we're going to have a good year. I think Paris are going to turn out to be incredible. I think having used it, like I think AI is going to be an unlock, like a productivity miracle or whatever. I think we're building in America again. you're talking about Minnesota flower farms that we're buying are glyphosate free grain from it's happening we're going to work hey positive vibes we're going to win we're going to get through this bitcoin is going to have a massive year infrastructure is going to improve dramatically as well have you seen our boy Rob Hamilton he's not in the chat today wonder where he is but he's vibe coding some bitcoin wallet apps there's an unlock there our boy Matt made the stats card mobile wallet I doubt he didn't use some vibe coding help there building hard infrastructure Giga just opened up a Houston factory looking transformers hey we need a lot more energy 1031's backing the companies building the critical infrastructure you can build a generation facility but can you actually transform the electricity inside of the places in a manageable way. You need transformers. You don't think they're going to print like crazy this year? Into the midterms? Probably. For me, Thomas. Do you think grocery prices go up or down in 2026? Flat. Flat. Have you seen the egg price? Egg prices have down like 80% on here right now. Dude, the grocery prices are insane. They're still insane. Maybe they've flattened a bit. They've definitely not gone down. We definitely have some newbies in the chat. Macro, Miseria. Hey, Matt A. Miller, what is a Citadel? What is it? You'll learn in 2026. Yeah, I don't know. Obviously, I also saw a hater in the primal chat commenting on her predictions from last year. Yeah, I mean, I got a lot wrong from last year. Hand up on that one. But I mean if you had asked me If you had asked me this episode last year If we would be basically flattish downish Year over year I mean I bet the house on it not being that I did not expect that to be the case I don't think any of us did I mean this time last year The influencers were all dressing up And getting ready to go to their 100k party At Sailor's So I had that going for me Didn't go to that That was probably the original Jinx That's why Silver's Because the 100k party I forgot about that I did not go to that either Stack Toshi says he wasn't talking shit Just don't bet the farm on that sequence Yeah don't bet the farm on our predictions please Just down on Stack Sats Yeah we opened up these predictions We don't know We have no idea what's going to happen I know the sun's going to rise There'll be some Funny stuff going on the internet There'll be some stuff that Triggers people Bitcoin will keep producing blocks Whether or not more individuals wake up to the fact that they should be holding Bitcoin and it's yet to be determined. I'm a believer in the idea that Bitcoin continues to survive. Oh, shit. There we go. And more people learn about it. They can get introduced to it and begin using it. They say, hey, this is better. I'm going to pour more of my money into this. Just a process. We're going through that process. I'm not going anywhere, especially now that we're a silver podcast and silver is at a new all-time high. How long until the first silver treasury company gets launched? Do you think Stemler Scientific is going to pivot to a silver treasury strategy? I mean These Bitcoin Treasury companies Need to figure out ways to diversify You know Three some life into the socks Would not be shocked Terrible time We call it a silver treasury company First they top tick Bitcoin And then they pivot and top tick silver Maybe that's the Bottom signal we need I've had some rage do you think the quantum uh narrative becomes a bigger problem in 2026 nope i think that's just uh people just point to things when price is down huh and uh i think i think if if not saying it's going to happen uh i actually don't expect it to happen but um that'd be well suited if it does happen but if bitcoin in the next week like rips rips up 10k so everyone forgets about quantum yeah all the negative narratives or whatever it's like all time high next week it's gonna happen it's just like immediately just everything goes out the window yeah and that's not like a big move for bitcoin like 10 move for bitcoin 10 move for Bitcoin and everyone all of a sudden is bullish again and puts it in the back burner. At these levels, that's like a 12% move. It's a momentum. If we were trading, if we woke up on Monday and Bitcoin was at $95K, no one would be talking about quantum. Yeah. If you are worried about quantum, though, I sat down with Jonas Nick and Mikhail Kudinov. from blockchain to talk about hash-based signatures in a post-quantum world. 2026, similar scientific switches their name to silver scientific market. They start pushing colonial silver. Make sure you're drinking it for your health, too. All right. Is it time to time to go celebrate Boxing Day. Let's go. Merry Christmas, freaks. Stample Stacks, Eds. Happy Boxing Day. Merry Christmas. See you in 2026. Peace and love.