British Hodl joins me for a bitcoin discussion.
► Get your tickets to the BitBlockBoom bitcoin conference at https://www.BitBlockBoom.com
SOCIAL MEDIA
► https://Twitter.com/BitBlockBoom
► https://www.linkedin.com/company/BitBlockBoom
► https://Instagram.com/BitBlockBoom
►NOSTR – npub1vxfg5aqvj3juvzflry2t9m8fn7u4r0dttjtv099ntn2l2e0h9n3qzxhunh
MUST HAVE LINKS – The following are a must have for Bitcoiners.
► Fold App
Win free bitcoin with the Fold wheel daily and receive free bitcoin using Fold gift cards.
https://use.foldapp.com/r/U6G6K2Yf
► Swan Bitcoin
Install Swan Bitcoin on your phone, create an account and start DCAing bitcoin today.
https://www.SwanBitcoin.com/Gary/
►Orange Pill App
A mobile app for iOS & Android that was created by a group of Bitcoiners who thought there had to be a better way to connect with other Bitcoiners locally.
https://signup.theorangepillapp.com/opa/garyleland
► Strike App
Install Strike on your phone to create an account and receive $5 from https://Strike.me/gary
► Cash App
Install the Cash App on your phone to create an account and receive $5 https://cash.app/app/frvjbbd
► Lolli
Earn $5 on signup and bitcoin rewards when you shop at 10,000 plus stores.
https://lolli.com/share/nsyent
► sMiles
Earn free bitcoin for things you already do https://join.smilesbitcoin.com/GaryLeland510
► RoundlyX
Roundup your spare change on everyday purchases and automatically buy Bitcoin, donate to your favorite charities, and accumulate spending credits at a discount at your favorite brands with ease.
https://app.roundlyx.com/signup?ref_code=Gary-D56CBC
►The Bitcoin Company
Download The Bitcoin Company app to start earning bitcoin back on all your everyday purchases
https://thebitcoincompany.com/refer/?code=Gary
THIS IS A BITBLOCKBOOM PRODUCTION.
Welcome to the Bitcoin Boomer show here’s your host the Bitcoin Boomer himself Gary Leland and welcome to the Bitcoin Boomer show I’m Gary Leland your host known as the Bitcoin Boomer and that’s why this is called the Bitcoin Boomer show of course Boomers can watch this show but anyone can watch this show
It’s just called the Bitcoin Boomer show because I’m the Bitcoin Boomer so thanks for joining us on today’s show today’s show we have British hoddle we’re going to talk to him about Bitcoin ETFs and several things we have our great producer here Stephanie Stephanie thanks for joining us again and handling the
Show you’re welcome happy to be here so you talk to hodle what do you think of hoddle of Our Guest today well hoddle’s pretty cool um I had a question because I’ve seen hodle on multiple guest Twitter handles and whatnot um what does hodle mean in Bitcoin yeah because we
See that word a lot h o DL well back when when Bitcoin was around $800 the bottom $800 isn’t that nice to think you could have bought Bitcoin at $800 and now it’s $42,000 but back when Bitcoin was about $800 it was dropping as it always does it’s a very volatile asset
And it was dropping maybe to $100 and it was a Bitcoin chat room bitcoin.com I believe or Bitcoin wherever anyway people were posting oh I’m selling my Bitcoin I’m getting out of here and someone who was sitting at their home drunk or had a few drinks let me
Rephrase it said someone asked him are you going to sell your Bitcoin he goes no I’m going to hold it and he misspelled it and said h o DL instead of h o l d huddle and a lot of people say that holds on for dear life is what that
Means but actually it was a misspelling on the Bitcoin chat room and it’s pretty much just stuck and to this day that is just saying that bitcoiners use is just huddle or hold your Bitcoin if you huddle it long enough you’ll make money off of bit Bitcoin is just saying but I
Do want to appreciate every tell everybody appreciate you coming to the show we’re going to have a great show today and and please if you know anyone who’s interested in Bitcoin or you think to learn something from our shows and would would like to learn something from
Our shows please share this show with them I tell you right now I don’t have any Bitcoin to sell them we’re not trying to sell Bitcoin we’re just trying to educate Bitcoin tell people about Bitcoin have people learn about Bitcoin because I truly believe Bitcoin is the asset of
The future and everybody needs to have a little but they need to know about it first so please if you know anyone who you think would be interested in learning about Bitcoin do share this show with them and I do want to thank our sponsor Swan Bitcoin for coming on
The show today and sponsoring bit block boom and then till then we’re GNA say we’ll be right back after this word from our sponsor with our guest for the day British hoddle see you in a second Grandpa why do you have so much Bitcoin well it all started in the year 2023
When I attended a conference called bit block boom what’s bit block boom Grandpa it was a conference where people talked about Bitcoin this was way back when we used something called the US dollar for money what Bitcoin wasn’t always the world’s money if it weren’t for great
Speakers at bit block boom like Jimmy song Adam Curry and Preston pish we’d all be living in pods and eating bugs instead I was able to avoid Fiat enslavement and secure generational wealth Legend and welcome back to the show I hope you’re ready for some uh good engagement
Today we’re going to be talking with British hodle from across the pond as I think they call it hle welcome to the show Gary my friend thank you for having me thanks for your team for organizing this and it’s a pleasure to be here is that what you really say across the pond
Probably just making that up I think I’ve heard that somewhere do say that okay you do say I just wanted to make sure that people in uh UK weren’t going what’s that guy talking about across the pond that’s a big damn Pond though well British like I said thanks for coming on
The show and before we get going how about give everybody a short um just a short bio about yourself so they know who we’re talking to here yeah I’m an investor I’m a traditional assets investor I started my career in real estate I uh moved on to
Stocks and then gold and then in 2020 up until 2020 I thought Bitcoin was a scam and then in 2020 I realized how silly I was being for many many years uh and then I’ve now been applying everything that I’ve learned in traditional assets to bitcoin and trying to now trying to
Help people understand and see it from the way a traditional assets investor is going to look at Bitcoin versus the way maybe that bitcoiners who don’t have experience with traditional assets have been looking at it so that’s why I sawed the YouTube but uh really I’m just an
Investor like everyone else trying to protect the energy that I’ve earned and try and push it Forward into the future so whoever is carrying my last name um can utilize that energy someday in the future well you were uh involved though with the media on bitcoin before you
Started this YouTube channel because I remember back in 20 21 maybe I used to see you in a clubhouse a lot um I believe if I’m correct I was on Club but yeah yes I was on clubhouse I didn’t have anything else no one knew
Who I was because at the time I was dealing with a couple of endings on business stuff that I was working on and uh leaving uh the United Kingdom and a bunch of different uh personal stuff so I I didn’t come out and show my face I was just talking on clubhouses as
British huddle but um that really changed in uh you know about a year ago I decided to put my face out there and then five months ago I started focusing on the YouTube well I think your YouTube is is definitely taking off I see it in my feed all the time
It’s funny doesn’t matter whether I subscribe to something or not whether I see it it’s just some way it gets in there I can even subscribe to and it doesn’t increase it in my feed anymore so I don’t understand what the deal is on that but your shows up quite a bit in
My feed so it must be a lot of people watching your show there uh how did you find out about Bitcoin what made you if you were into gold and silver what made you change your mind on that um so so I guess what was your heart moment I
Thought yeah I thought bitcom was a scam I I just just like anyone else who’s been in this traditional ass SP I thought Bitcoin was a scam because every single person who I respect said it was a scam and then uh in 2020 when the the the worldwide flu season was happening
Um a friend of mine who I respect a lot said that he had started allocating to bitcoin and I said are you crazy and he said we’re not going to have a conversation about this until you read or we we listen to books so he said until you listen to the Bitcoin standard
By safe of the and I moves and so one day I was walking around the park uh you know and I was just listening to saine’s book and then there’s a point where he gets to the idea of stock to flow and as a gold investor you understand that the
Value of gold is really determined by its stock to flow the value of any hard asset is determined by its stock to flow and I’m not necessarily talking about Plan B stock to flow price Model I’m just talking about the concept of stock to flow if you want a hard asset it has
To have a high stock to flow ratio and so you know as soon as he said the word stock to flow it was like the Matrix opened up for me and I immediately understood that why I was getting Bitcoin wrong was that I was looking at
It like an equity and I should have been looking at it like a commodity speaking of Plan B I was going to ask you about that stock to flow that’s his deal his stock to flow that’s what it Plan B is known for stock to flow so what do you
Think of his stock to flow concept I I think Plan B is he’s known for for formulating a price Model around stock to flow but the philosophy of stock to flow way outdates everyone right it’s it’s a normal thing that you know you look at in Commodities and valuing hard
Assets what do I think of his price Model I think it’s interesting I think everyone should be allowed to express their opinions and have a thesis and an opinion um if I was to look at his very first you know everyone look everyone criticizes all of his changes of models
But if I look at his very first model that he ever put out it’s pretty accurate even for the L cycle so I I wait to see what happens but again it’s a thesis it’s a model it’s a prediction it’s an opinion what in in your words H
What is bitcoin then you discovered it read that book it oped your eyes you stocked the flow what is bitcoin though to to you know a lot of people are on the idea that Bitcoin is a freedom technology and all this other stuff to me I don’t come from that world
My from from my perspective Bitcoin is the Premier store of value Asset in the entire history of humanity that’s what Bitcoin is to me that’s what Bitcoin is to the people that I speak to and that’s what and and it also in addition to that has the potential ability to create
Freedom around the world for people to actually take possession of their own energy rather than having it under the under the subjugate of someone else and so I think Bitcoin is all of those things but for me personally it is the premier store of value in the entire
World uh I agree with that I agree it’s the rarest asset that’s ever been it’s the rarest thing that’s ever been no more of it’ll ever be produced I mean we all know gold goes up to $5,000 an ounce they going to find a buttload of gold
That they couldn’t get before you know same thing with oil and gas the the more expensive it is the more of it’s going to come out of the ground basically either way you’re going which isn’t going to happen to bitcoin um so that’s what makes this different one of the things I
Also want to go over because really right now we’re in a pretty interesting time for Bitcoin um with all the stuff that’s going to happen this year this is a busy year for Bitcoin we got ETF 11 of them I believe was just went through we got the happing
Coming up uh this is the first year of the bull run which traditionally we see three really strong years and one down year what do you basically before we get into the ETFs cuz that’s got more time take up more time I think than we’ve got to talk here
But what let’s just say basically what do you think of Bitcoin this year I’m not looking for a price but what do you think of Bitcoin this year or do you think we’re just going to see like in when Bitcoin went up to 69,000 oh my
Gosh I just saw it everywhere on TV everybody was talking about it is that what we’re getting ready to see look you said you want to talk about ETFs later so I I’ll hold my comment on that but just just as far as Bitcoin goes it’s the first fouryear cycle where
We’re starting to see uh less Bitcoin on exchanges right it’s the first foure cycle where miners have started to figure out their capital structure so they’re not going to say make the same mistakes that they did in the last poll run we’re getting into the same we’re
Getting in it’s the first time that institutions can now Market Bitcoin it’s the first time that CNBC is spending all day every day talking about Bitcoin They’re laughing at Jamie Diamond who is turning around and saying that he doesn’t want to talk about Bitcoin because it’s a piece of poo right so um
This this is a Monumental shift year for Bitcoin it is going to penetrate Consciousness like we’ve never ever experienced before uh and of course all of the other coins that are out there in the world as well are losing steam are losing attention why because you got VCS
That can’t invest in them anymore you’ve got uh people that are going to get sued if they start promoting them the SEC has demonstrated that we’ve dealt with a regulatory environment right now which is the biggest cleanup I’ve ever seen in my life I said that Gary Gensler might
Be the MVP of Bitcoin for last year and look what he’s done he’s cleaned up FTX he’s cleaned up CZ they’ve got the ETFs approved it’s that so much has happened here when it comes to regulatory perception and and the ability to Market uh a product and and that has to lead to
An increase in Consciousness around it it’s it’s it’s inevitable what’s going on here now the other night I believe you were on our spaces when we had Eric I know you were on there when we had Eric on there Eric Weiss but uh I don’t
Know if you were on there when he said that actually ginzler should be getting a lot more credit than he’s been getting for what he’s done for Bitcoin I’ve been saying the same thing I’ve been saying the same thing for last year if you go through my tweets I said Gary Gena might
Be the MVP of Bitcoin for 2023 and I I completely agree we’ve dealt with FTX one of the biggest scam companies in the entire world he’s dealt with them efficiently and you know they were trying to hide in the Bahamas he’s managed to bring all of that straight
Back to the US done done with that worked with all the different um entities in the you know enforcement agencies in the US to make that happen CZ has been quietened down this is all great for Bitcoin this is all healthy for Bitcoin well we’re going to go over
Some of that and get into some of those other questions I talk about right when we come back with word from our sponsors so stay tuned we’ll see you in a Minute welcome to the Bitcoin conference challenge today we’re teleporting bitcoiners like you to two different Bitcoin conferences and you’ll get to experience them firsthand let’s take you to conference a hm it’s okay some interesting speakers in workshops but there’s a foul odor in the air what does that smell interesting
Now let’s take you to conference B wow this one is amazing the atmosphere is electric the speakers are great and the workshops are fantastic ah and the smell it’s so nice to fill your lungs with freedom Congratulations you’ve just experienced the difference between a Bitcoin shitcoin conference and bitblock
Booom the longest running Bitcoin only conference book your tickets today at bitblock boom.com and use the code bbb1 for a special discount and welcome back to the show hey I do want to mention before we bring back on our guests that if you know anyone that may be interested in
Learning about Bitcoin finding out more about Bitcoin share this show with them I don’t have any Bitcoin sell them but I will give him some information and hopefully that would be a good thing hle welcome back to the show now so you you agree with Eric though that um we should be giving
Praises out right now for the uh job he’s done instead of uh everybody being all over his ass because uh he’s cleaned up everything uh do you see a lot more house cleaning coming from ginor I think it’s pretty much done I mean Ian like at this point you know the
Only next question is going to be interesting is whether the ethereum ETF gets approved or not I don’t think it happens this year I think there’s going to be a long long road as as Black Rock has highlighted for that um and I think it will go through the same process I I
I I I think this has been an amazing job that the US uh Regulatory Agencies have done and again the US everyone complains about them but the US regulatory agencies are overlooking the biggest best Capital Market markets in the entire world so they have to be careful
Even if they sometimes forget to put two Factor authentication on their Twitter accounts yes even if they forget that from time to time that that was kind of an odd odd thing so uh we’re talking about let’s talk about ETF now um I believe the first the gold ETF was the
Biggest ETF of its time for its first day at a billion dollars and then Bitcoin comes in and does what four four5 billion dollars in its first day if I’m if got my numbers down am I correct on that yeah it was I think it was roughly
Around uh the 1.5 to3 billion range um but again the volume for these nine Bitcoin ETFs that have been launched have been has been shockingly unbelievable in the first trading day in terms of the number of Trades they had doubled in number of Trades then the SNP
Then the spy and the QQQ ETFs uh combined I believe so you know a phenomenal amount of interest uh and of course you’ve got you know people blockading access to it like Vanguard etc etc um but yeah this has been a phenomenal launch of a new product you
Know most of these ETFs get less than aund million in their in their first uh trading year and so this has been a phenomenal amount of volume the interest is clearly there a lot of bleeding has happened from gbtc but again the approval of an ETF now allows institutions to start promoting Bitcoin
To clients and advertising Bitcoin into the world uh under a regulatory framework which is which is phenomenal this is the most important development for Bitcoin since Bitcoin itself uh you know was incepted as far as I’m concerned more people are going to own Bitcoin now than than we could have ever
Dreamed because of the ETF and they might even own it without knowing that they own it which is exactly what the situation is with bonds with Equity certain equities uh with gold with everything else could you just tell your asset manager hey handle my money I want
To go high risk I want to go low risk and they figure out how much to allocate yeah I noticed that uh we have some Kathy and I have some of our funds in aera prize um holding him we asked them I just asked the other day just had
Curiosity can we get into an ETF you know I’m fine holding my own Bitcoin so I don’t want to get into it an ETF and they said we’ll have to get back with you and in a few days later they got after the weekend they got back
With me and they said you can do it if you’re in a self uh where I do all my own stuff you know I don’t know what the term is not for Guidance with them not where I get help from them self self-direct self-directed yes that I
Could do it them but not if I was wanting them to be advising me and helping me do it um you know and then you have the the other ones that aren’t adding it um why why do you think they are not adding the ETFs to to these and
Has that happened before where ETFs come out like when the gold ETF or the the other ones come out do they do that commonly or is this very uncommon I don’t know that much about ETF every yeah every every financial advisor is allowed to do what they want to do
And every financial advisor customer is also allowed to do what they want to do so for example I had a friend call me and said hey you’re not going to believe what the hell is happening here but we’re not allowed to execute trades on these Bitcoin ETFs because our shop
Won’t allow us our compliance Department won’t allow us to execute these are SEC regulated products but the compliance Department in his shop won’t allow him to execute trades on it so that’s their prerogative and it’s also the prerogative of everyone who’s watching you can go and move your funds from
Vanguard or whoever else that won’t allow you to do it to Fidelity inside the 10 minutes and go and execute what you want to execute the question is do you understand the opportunity that’s happen here do you understand the s-curve of adoption that’s going to happen here and are you going to be
There to take advantage of it or are you just going to wait to be at the effect of life so these ETFs and I know this is your big your big thing is you’re always knocking Boomers which is fine you can knock Boomers just like you can’t
Believe I’m not I’m not anyone can be knocked Dar I’m not I knock I knock Doom and Gloom Boomers yes right most of my mentors most of the people I love most of the people that have helped me in my life have been Boomers right I learned
Learn more from Boomers than I learned from Millennials but the Doom and Gloom Boomers specifically I don’t like I I think that they are a drag on life so yes any the Boomer who’s sitting there with a bad perspective and a negative perspective on life I don’t like but all
The other Boomers that I’ve got a great intention for their family a great intention for the work that they’re doing and the and and the ethics around the work that they’re doing these are people that have helped me change my entire life so that I don’t knock Boomers I knock doom and Boomers
Specifically well I’m glad you gave me that uh clarification there cuz I felt like you were saying Boomers which all you are doom and boom gloomer you know what I mean I thought you were saying all Boomers were Doom but uh thanks for the CL I’m gonna do I’m gonna take some
More I’m gonna take some more responsibility in my content and clarify that more often well that’s okay it didn’t bother me I mean it’s like it’s kind of like when people say oh yeah Boomer oh I didn’t mean to call you a boomer I’m going I look in the mirror
Every day I know I’m old I mean you know it doesn’t bother me at all some people get upset about that I never I never understood why I think that’s why I took the handle the Bitcoin Boomer because I was confused why an old person would be
Upset if someone called him an old person I mean they’ve been called the baby boom since they were were 10 years old they were the Baby Boomers so why all of a sudden do they get upset about that so uh back back on the ETFs uh for a
Moment though getting off the Boomers uh I don’t even know why I got on the Boomers there what do you what do you think of ETFs I’m just curious about this situation and micro strategies because really I’ve always thought of micro strategies is like a Bitcoin ETF you
Know you couldn’t get an ETF uh I bought when it was like $160 you know because it looked like I said damn that looks like an ETF to me I’m going to get some of this but do you think they will be affected micro strategies will be affected by the ETFs companies like
That so on the 28th of December I put out a video saying I’m not sure how relevant micro strategy is as a tier one solution so to me the way I look at it is like the ultimate tier one of owning Bitcoin is owning Bitcoin in self-
Custody the closest thing to tier one and which is also a tier one solution now is a spot Bitcoin ETF anything other than that micro strategy the mining stocks options whatever else you want to do is a tier 2 solution which basically means it’s got more risk uh and it’s not
Good quality and therefore you should adjust your portfolio allocation into that accordingly so what I said was was that micro straty is going to start struggling because it now has it is no longer the de facto tier one solution that I had now there’s actually a tier
One solution which is a spot Bitcoin ETF and since that day to now micro strategy is down 35% and Bitcoin was only down 2% since I put out that video there was people out here and prominent bitcoiners that you know basically say saying that you know micral is running an absolute
Clinic on you know how to take the premium that micro strategy is running and turn it into more Bitcoin per share I completely agree with that long term I don’t agree with that short term and if micro strategy and it’s boor are going to take my premium the premium that I’m
Paying for the shares based on the amount of Bitcoin that they hold and convert it into Bitcoin I should be the one doing that so that’s my philosophy on it you can rely on them doing it but I prefer me doing it so I I have own
Micro strategy for a while I think Michael saor is an absolute genius I think it’s going to be a oneandone situation with the amount of Treasury he put into the company uh or the amount of Treasury he put into Bitcoin but I think he’s an absolute genius he’s a Titan in
The space uh but as a trade I think micro strategy was uh was not looking good at the end of December and that’s when I put the video out I said there’s like a 35 to 40% premium to bitcoin and uh that’s what happened the share price
Is down 35 to 40% since the launch of the ETF well I’m still up luckily from from the time I got in that’s that’s all I know hey we’re going to take a break we’ll be right back with hoddle British hodle after this word from our sponsor please stay
Tuned cuz it’s like it’s like mecca for bitcoiners like everybody here is like part of the hardcore like inner sanctum um you just have these conversations with everybody where like you can see it in their eyes that they believe the same things that you believe you come to bit
Block boom once you’re going to come every Year and welcome back to the show I’m your host Gary Leland joined today by British hoddle hle me for we go on let me ask you a question about something you said a moment ago so I understand what you’re saying about micro strategies and then you brought up the
Mining stocks also I guess you don’t believe those are a good place to really put your money now if you have a choice between that and an ETF Bitcoin ETF well right now if the way I allocate my portfolio and again I want to clarify the way I allocate my portfolio comes
With 18 to 19 years of investing experience so it’s not the way most people should do it but for me it’s very simple 50% has to be in the underlying macro investment which in this case is Bitcoin and then a smaller percentage can be in a tier in a layer two solution
And then a smaller percentage than that can be in a layer three solution so in that layer two solution that includes uh mining stocks micro strategy and whatever else might be out there um and and that will go and allocate at some point when I see that the value
Proposition is correct be a layer three layer three to me is derivatives it’s options it’s the highest risk that’s why it’s the smallest allocation the the higher the risk the smaller the allocation okay and so um now get off that subject how do you think Bitcoin we we had this
Conversation this morning before the show we started I have a lot of people that come up to me and gow what are they going to do when Bitcoin takes over is the money I don’t foresee that happening anytime soon I mean I I I I don’t think
I want it to happen anytime soon um but what are your thoughts on that subject Bitcoin becoming taking over the US dollar I don’t think that’s in my lifetime yeah yeah I don’t think it’s going to happen either but someone smart guy who’s worth a lot of money just told
Me that this morning you know yeah I you know again I can understand why people are saying that because they read uh you know the white paper and it says a peer-to-peer Cash System so that’s the dream that they want but you know I I don’t think realistically that’s going to happen
Even when even when the US dollar was backed by gold it wasn’t you weren’t trading gold bricks right you had a representation and it was uh 40% backed uh by gold so you know that may come around that some point in the future but I don’t think that’s anytime soon
There’s a lot of other Fiat currencies that have to that have to die before the US dollar dies and I think you can kick this can down the road for at least another 30 to 50 years um and so I don’t need to worry about it the main point is
The thing that I do need to worry about is accumulating enough of the underlying asset so that if it does become a significant asset then I own enough of it especially because of the scarcity of it to for for my position to mean something and especially if you’re a
Boomer um which is what I’m assuming if you’re watching the show that’s that’s what you’re attracted to if you are a boomer you know like my parents my parents worked immigrants to the United Kingdom they work 35 years to build a property portfolio that they thought was
Doing the right thing only to find that their properties have to be worth 50% more than they actually are because there wasn’t a pound printed to a pound injected into the property market and so their energy has been stolen from them for the two sons uh that they were
Building for the two sons that they had and they did the the right thing they followed the rules and did the right thing and they still got screwed over and that’s where Bitcoin comes in because no matter what happens you cannot push and affect the supply lever
Of Bitcoin there’s two levers in an asset there’s a demand lever and a supply lever the only thing that can move on bitcoin is the demand lever the supply lever is absolutely fixed and ultimately it goes to 21 million hard cap and that’s it there’s no one that
Can use Implement regulation to increase the supply of Bitcoin not none of that can happen so you know if you’re Boomer you’ve got to start looking at that the portfolio that you’ve got uh and figuring out how to make a small allocation to bitcoin and then start
Learning about it and maybe make a bigger allocation uh my parents leveraged their property portfolio and they and they accumulated their Bitcoin granted they had me as their son to bang it down their you know bang banging their head against the wall every day until they got it but if you’re sitting
There and you’ve got a legacy and you’ve got a future and You’ built something that you want to pass on to the people that are going to be carrying your last name Bitcoin has to be part of your portfolio in my opinion at this point
Even if it’s a 1% allocation and and you you be surprised how many people I speak to that have a $5 million property portfolio and are yet scared to make a $50,000 allocation to one Bitcoin at this point so so what do you say to that person that you know
Um because I I was thinking about that the other day I’ve always told people put 1% in there I mean the odds of going a Bitcoin going to a million I believe are higher than to zero I mean now I could be wrong but uh the average person
If you tell them to look at their portfolio and it’s down 1% they don’t really get too upset you oh it’s down 1% hopefully it’ll be back up tomorrow yet they’re scared to put that 1% into Bitcoin uh even though they wouldn’t miss it in their portfolio what do you say to that
Person let’s orange P some Boomers here yeah since since 2020 it’s it’s taken me no longer than 60 minutes to get somebody willing and excited to put 1% uh into Bitcoin and I I follow you know I’m going to do a video on this but I I basically follow three steps right
There’s three stages to this that I’ve realized when I’m speaking to people number one is an introduction they’ve got to be actually introduced to bitcoin they don’t know what it is they don’t care what it is they’re driving their dream car they’re living their dream life they’ve got the they’ve got the
Children they’ve got the wife they’ve got the the husband they’ve got everything’s good in their life they don’t care about it they need to be introduced to it then once they’ve been introduced to it they need to be educated on they need to understand what it actually is what it means for them
Not what I want it to mean but what it means for them uh and then once they’ve once they’ve educated on it then they need to know you know what sort of allocation amount are we going to put to this uh and that’s generally around 1% and now then you just explore the
Vehicles the problem up until January 11th was that all the vehicles were complicated right you had to actually go buy you know get a coinbase account or do this that and the other and then allocate the money and then get a cold storage and this now you don’t need to
Do that you got you know $5 million worth of Tesla stock go into your broker account liquidate 50,000 of it and go buy the Black Rock fund done very very simple okay so let’s go into your bracelet how are you introducing him what is the introduction
So yeah for me you know the an introduction is helping people understand what Bitcoin is and somebody who’s got a lot of money is is um you know what Bitcoin is is is another vehicle for them to protect that energy and for it to grow right so you have to
Explain that to them secondly you got to build excitement most people don’t know what’s happened with these ETFs most people don’t know that Bitcoin has a 21 million cap most people don’t know these things so you actually have to build the excitement for them and help them understand what this actually means and
Then thirdly as far as that introduction phase goes is the latest developments of Bitcoin the fact that Larry thinkink is out here talking about Bitcoin the fact that that all these fidelities out here talking about Bitcoin the fact that all these people have got their atfs the fact that regulatory section has been
Cleaned out this is all the latest developments that people need to understand before they can feel safe and then part number two is is education what do they they should build trust they don’t know anything about this they know everything about property right most people under the uh threshold of
$30 million uh have most of their wealth in real estate they know everything about property so they trust property so how do you build trust in Bitcoin right you need to figure that one out then you need to explain why it belongs in a portfolio right because if they don’t
Understand why it belongs in their property portfolio they’re never going to even look at it because they’re focused down the track that they’re focused on and then you got to look at the future potential of Bitcoin so they can get an understanding of why they need to actually spend more time being
Educated about it and once you got the education thing out the way then it’s just about allocation it’s determining the percentage I just start with 1% if someone says why not 5% would say well let’s get you over 1% first and then we can talk about 5% right uh and then you
Can explore the vehicles so the way that I do that is very simple you can buy the Bitcoin you can uh store the Bitcoin you can leave it on the exchange you can do self- custody uh you can use someone like Casa like I do to have a multisig
You can do all of that or now it’s very simple we go into your broker account we click buy and you own Bitcoin because you got the ETFs over there um and at this point you know my that initial 1% my intention is to guide people straight
To the funds uh because they get that allocation then they can start learning about it and learning about self- custody and everything else so I would just talk through the benefits of the Black Rock fund or the Fidelity Fund or whatever and and just decide which one
We’re going to do and and and they’ll go and do it like it’s very simple we’re talking to people who have put their necks on the line to create some wealth to to protect the family that they have to protect the name that they have they
Want to do this right but the problem is no one in Bitcoin has been able to actually breach through that and actually speak to the person that’s actually in there uh and everyone’s just talking about these what I like to call Happy hippie fairy tales about what Bitcoin can do and El
Salvador Black Rock black Rock’s ETF accumulated 500 five times 482 per more Bitcoin than El Salvador did in its entire two years well that’s right that was one day yeah that’s kind of amazing so what are we GNA see after a year what
We well we got to go to a break now so let’s take this break and we’ll go back into that when we get back with this word from our sponsor be right back And welcome back to the Bitcoin Boomer show today we’re talking with British hodle from as uh I said earlier from across the pond hle um my question is what do you think the possibility of the amount of money I’m asking this in a weird way that could possibly go into
ETFs by December 31st I mean if we’re already up to billions of dollars I mean what what a whole year is worth of that and and a lot of people still haven’t got in that want to get in I mean I know my brother-in-law wanted to
Get in to bitcoin but he didn’t want to roll money out of his retirement fund and uh to take it out and put it on Exchange and buy Bitcoin and pay uh capital gains so now he’s going to buy some I don’t know if he’s bought it
Already but what do you see possibility is yeah I mean so there’s a difference between volume and inet inflow right so you know volume can go into the hundreds of billions because it’s the total dollar values of the trade of the buys and the sells but as far as I’m
Concerned I said that I think we’ll see $25 billion doar worth of net inflows now I had a conversation with James from Bloomberg uh he’s he’s one of the main Bloomberg analysts alongside Eric who’s been following the ETFs and he said 10 and then I had a conversation with him
After the first couple of days of trading and he said I’d probably take the over on 10 and the under on 25 and and I’m completely comfortable with that so I think we see first year somewhere between 10 and 225 billion do of net inflows I lean more towards a 25 billion
Um and that’s absolutely phenomenal that is you know hundreds of millions of dollars worth of daily purchasing pressure that that goes into the market and eventually that’s goingon to you know right now in the first few trading days we’re recording this on the 17th of January you know this is the fourth
Trading day for the ETF uh and there’s a lot of sell pressure going on in the markets um and so there’s a lot of price volatility going on because of how the cash creates ETFs work but um that’s going to stop at some point and people are going to start net
Buying and at that point you’re going to start seeing the effects of supply and demand that’s the beautiful thing about Bitcoin it takes you back to basic maths supply and demand there is no there’s no fugazi on the on the supply uh and and there’s nothing else going on the demand
Side too its Basics B basics of supply and demand but you would you would also agree getting off that subject now that if someone is capable of figuring out how to put their to just buy Bitcoin instead of an ETF that’s what they should do absolutely the the tier one well let
Me let me let me hold back a little little bit on that the tier one absolute Premier solution for anyone is buy Bitcoin put it in self- custody now if you are someone who has access to uh you know to financial service providers you understand how markets work you
Understand how leverage works at that point you now have to start looking at the Bitcoin ETFs because all of these companies that are out here trying to do Bitcoin lending are going to have big competition from these ETFs because the rails are already there for the
Financial system if I own 10 million of spy stock I can go and borrow money against that at basic almost fed rates uh and it takes two clicks of a button to do that from my from within my broker account and that’s where Bitcoin is going so the difference is is while you
Be might be paying 14% to borrow against your money with one of these Bitcoin ownly Venture back companies you’ll be able to go and do that at basically fed rates um through the ETF so in that scenario if you’re comfortable with those sorts of things the ETF can become
Very very useful plus if you want to if you want Bitcoin to become a cash flow generating asset the biggest thing that people are not paying attention to is you know the NYC just filed uh to apply for options trading on these ETFs as soon as that happens within the next two
Or three months you’ve now got income funds that can also invest in Bitcoin because they can just sell covered calls against uh against that Bitcoin and generate you uh a dividend income on a monthly basis so this is the process of securitizing this asset and it’s happening beautifully it’s happening a
Lot slower than I thought it would and the and the price predictions that I made uh and the inflow predictions that I made but it’s happening right it might not it might take a little bit longer but definitely the underlying data and the flow of capital is moving in the
Right direction here what do you think of people who say I’m not I don’t care who it is is saying it but there are some people who say that the ETFs are going to enable the government to take all your Bitcoin yeah listen look I think that’s a really
Good way and I’m surprised more of these uh VC backed Bitcoin only companies are not saying that because if I was one of them I’d be absolutely terrified about my business model being shredded to Pieces because even if I’m out here selling Bitcoin for 1% right let’s say I
Sell $200 million worth of bitcoin and I’m a VC backed Bitcoin only company and I’ve got you know a 1% profit margin right that’s $2 million that’s it right I’m making $2 million on selling $200 million worth of bitcoin and these ETFs are coming in and basically saying you
Can buy and hold Bitcoin for 0.2% a year right and if you get in in the first five billion it’s 0.12% right so you know if I was them that’s exactly the fear-mongering route that I would go down it’s the same thing that happened when I was in the gold space when I
Enter the gold space I was telling people like why aren’t you using GLD and then selling cover calls against it you can actually cash flow your gold rather than actually holding the physical gold and paying the massive premiums that these gold uh gold dealers are trying to
Get you to buy if you buy a one G bar of gold you’re paying a 40 to 60% Premium versus me buying an ounce so for me the ETF and the cover calls was a better option so if I was these Bitcoin only companies I’d be out here at the top of
My lungs talking about oh this there’s going to be a 6102 attack on your Bitcoin ETF it’s the only option they have to survive that actually kind of makes sense and I’ve never understood why the spot was so high on a gram of gold versus an ounce of gold I mean but
Uh we’re about to run out of time before we do that though please tell people where they can follow you give them your info and stuff like that yeah listen the first thing that you should do is follow Gary right because Gary is one of the people that I followed when I was
Learning about Bitcoin and starting my Bitcoin Journey so follow Gary and attend the conference um but for me if you want to get a hold of me you go on YouTube you type in British huddle uh and you look for this face and you’ll
Find me um or you go on Twitter X sorry uh and then type in British hotle and you’ll find me on there good enough I do I do want to tell you a story um real quick about my trying to Orange pel Boomers hudle you’ll enjoy this uh
Talking to a friend of mine high wealth individual and we’re talking about Bitcoin he wants he asked me about it I spend 15 minutes 20 minutes talking about Bitcoin I think I’ve done a great job I mean you know I’ve really gone man I’m telling this guy everything you want
To know about Bitcoin and when we get through with that 15 or 20 minutes of me going through he goes well do you have one on you I’m going oh my gosh I must have done the worst job of all times explaining Bitcoin if I didn’t even get
Covered that it wasn’t a physical thing in my pocket you know um so for a while there I used to carry one with me and you know one of those fake coins so when someone asks me I could pull it out and say see this I go oh my gosh you got
That $50,000 thing I said no this is not a Bitcoin so I can get that covered before I explain to anything so that was a a a my my way of finding out I do a terrible job I appreciate you saying the kind words on me but I do a terrible job
Of explaining Bitcoin that’s for sure well I really I really do appreciate you coming on the show we’ve had a great chat anything else you want to say before we get out of here we got like a minute left no listen look the pleasure is on
Mine I was uh you know overwhelmed that you that you actually thought about me to invite me on your show so I appreciate it I look forward to seeing you soon and again remember if you’re thinking about Bitcoin and you’re thinking about all these other assets
That you’ve got the key thing is the only reason you invested in real estate the only reason you invested in stocks the only reason you invest in gold is scarcity it’s not the asset itself it’s about scarcity and when you start understanding that scarcity is the true
Value Bitcoin is the scarcest thing on earth sounds good so to put it into hot’s words the three rules are buy Bitcoin shut the f up and get rich is that b basically it they’re fabulously wealthy fabulously wealthy okay I don’t know what the difference is
There but I’ll take either one of those they both sound good to me hey I appreciate British Elegance that’s the difference see that’s that’s the English way being elegant us Americans are just rude to the point so I appreciate you coming on the show I’ve enjoyed with you we’ll do this
Again sometime and have a great day thank you very much bye-bye we’ll be right back everyone after this word from our sponsor stay Tuned and welcome back to the show I hope you’ve enjoyed our interview with British hodle and Stephanie my great producer here what was your input on this what did you think of today’s guest Stephanie well we talked about the ETFs um a lot in this episode and I know you
Answered my very basic question last time but can you talk more about the ETFs and like how somebody could get involved with it sure sure ETF is just an electronic traded fund and so if you are someone who has stocks with Fidelity or black rock or or anything like that
You have money with an advisor you can now tell them to put your money into a Bitcoin ETF so you can take your retirement funds like uh for instance the school retirement fund the Arlington school district could now buy Bitcoin through an ETF where let’s face it Stephanie they aren’t going to buy
Bitcoin put it on a little thumb drive and keep it in the safe at the headquarters of the school district but now they can by Bitcoin thanks to the ETF so uh should cause a lot of money to go into Bitcoin and as I said earlier a
Lot of money lot of Bitcoin to come off the market being held by these ETFs so I hope that answers your question I do want to thank everybody here at bis TV including Stephany for the great job they’re doing also want to tell you take
A look at my conference I do every year bit block boom this is our seventh year for bit block boom scheduled for April and in Dallas Texas so do take a look at bitblock boom.com also if you’re in the Dallas Fort Worth area of Texas check out our Meetup at we
Have a Meetup once a month normally where we talk about Bitcoin eat the barbecue have a drink talk about Bitcoin Go to meetup.com bitblock boom to find out more information on our meetups join the group and you’ll be notified next time we have a Meetup here check out the book
I’ve written with some friends of mine Bitcoin in the American dream now H mentioned uh saine am’s book the Bitcoin standard which is a great book but this is also a good book for teaching someone about Bitcoin not as long and complicated as the Bitcoin standard this is about a two-hour read
You can read it on the flight so if you know anyone interested in Bitcoin please share the title of this book with them also want to tell you about sscar great way to give Bitcoin as a gift stocking stuffer Christmas gift birthday gift whatever check out sat card shop
.c I do want to thank you for coming on this watching the show and joining us follow me on Twitter I’m Gary Leland on Twitter follow me there but thanks again for following us on the show today we had a great conversation we’ll have a great conversation next week too and
Until then I want to say goodbye and stack those SS have a good One