Another BIG Bitcoin run is coming!

Hey, everybody. Welcome back to the pleb underground. I'm your host, Phil. Happy Tuesday. Let's take a look at some of the stories we're going to be covering alive, guys. By the way, it's 74 K. It's pretty good.

It's pretty good. I can't believe I'm saying that. Anyways, fear and greed index updates. That's right. More bottoming signals. Bitcoin is not big. That's a good thing.

Little more evidence that shows that we're still early. Maybe that's cope. Maybe that's hope. I don't know. Sometimes I kind of flip flop back and forth.

Another Bitcoin fork monitor. That's right. That's right. The battle is gearing up. The narratives are out there. A whole lot of shit's ringing. Gold tumbling below 5K as Bitcoin is holding around 74. Very nice. Also Bitcoin is reclaiming its 50 day moving average again. More bullishness.

We've got some we've got some hope him from Kathy would. That's right. That's right. Kathy would and a little bit of dystopianism going on here. Google is requiring developers as most people know.

To provide KYC details. What does that look like? What is the timeline? We are going to dive into that. And the Netherlands, apparently they just can't give up on that 36% unrealized capital gains tax.

Wonder why? Let's hear what they want to do with your unrealized capital gains. That's right. That's going to be a fun show. Let's do it. Here we go.

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Okay. So the Bitcoin price. What are we looking at here? 74,105 new all time high on the block heights. 941,022 fastest V2 sats per V bytes. Apparently people can still afford to spend can spend their Bitcoin and buy coffee once again. I'm just going to rub that in every single day because the shit coiners hate it.

The people who believe that Bitcoin is going to become impossible to spend because the fees are just asked, they're going to be astronomical. Guess what? Still able to buy coffee today, right? Still able to even though I wouldn't suggest it, but you can. Anyways,

total public lightning capacity, 5,677 good times. Good times. Maybe we should add a little more liquidity to lightning, right? Maybe we should. Okay, guys, let's.

That's right. We're still we are still as of March 16th, as of yesterday, still extreme beer in the market. Oh my gosh, boohoo. It's too bad, huh? It really is.

All right, let's take a look. It's my favorite hope in the count, right? Favorite hope in accounts, David. The the MBA Bitcoin is not big. It's still small. Here's why Bitcoin's tradeable float is 6.5 million. It's.

Yesterday, in a space we were talking about the we were talking about the liquidity on exchanges. Okay, and this is a point that I have brought up several times, not just me, many Bitcoin proponents, bring this up. People that are actually attempting to be honest with the data that they see instead of just trying to create some hope for clicks and views.

The reality is that there's approximately always the same amount of Bitcoin on exchanges and I know that people want to believe that there's going to be this like insane supply shock and all of this stuff, but the reality is is that as Bitcoin's price continues to go up, people simply need to, if they're selling it, right, they simply need to sell less and less of it.

So this idea of a supply shock, look, I like it too, right? It makes me feel good. It makes me think that there's going to be this massive moonshot omega candles, right? All the hopium cheerleaders are right, all that good stuff, right? It makes me feel great. The reality is is that it's just not what's happening.

Okay, they were talking about supply shocks 10 years ago guys were still waiting. It is the skeleton at the bottom of the ocean meme. Okay, that's what it is. That's what it is, right?

The mother's holding up the new baby, right? Then you see the, you know, the new babies, the whole new thing and what's down there at the bottom of the ocean rotting away, the skeleton of supply shock, waiting for supply shocks to happen.

I hate that shit. It's not happening. Anyways, and look, guess what guys, if I'm wrong and you hate what I'm saying, your bag's pump. It's going to pass like it's a win-win, right? You get to make fun of the stupid stuff I'm saying and your bag's pump.

Look at that. Anyways, so let's dive into his hopium at 71,520. That's 464 billion of liquid supply. The US investment grade bond market trades as much in two days. The US equity market trades it in four hours.

Where do I sign up Bitcoin menu ETFs sovereign wealth funds corporate treasuries pension funds everybody's buying shares.

The entire investable float of the world's hardest assets is roughly the size of a mid stock. Bitcoin isn't big. It's still small and price is set at the margin. David, I appreciate your hopium.

Thank you, sir. May I have another. All right, here we go. Bitcoin magazine. Here we go.

Illustrating the case of what David was just talking about, right? There is Bitcoin. At one point, guys, we are over a $2 trillion market. We lost some. We lost some. That's okay.

But look at that in the grand scheme of things. Bitcoin, $1.4 trillion market, gold, $25 trillion market, global stocks, $124 trillion. Now look, of course, right. Yeah, that's right. No, this time it's totally different ACP. By the way, good morning ACP and good morning.

Backpish. Yeah. You can assume that a certain percentage of this is going to is going to go into Bitcoin, but the people that are selling you on these nonsense numbers, right?

Like I remember I bought into this, you know, that essentially Bitcoin is going to swallow all of the value in the world and granted it sounds wonderful. It makes me happy.

But I just, I just don't see that. I just don't see that happening. We can see that it is inaccurate. And the reason is is that we've got over 37 or 36 or 38 million altcoins.

So if all of the value is going to get sucked into Bitcoin, why do people keep doing these other things? Why? Because there's opportunity, right? There's opportunity in scamming people that don't know what they're doing.

You think that opportunity is just going to go away? Because Bitcoin gets bigger. People just all of a sudden aren't going to want to take risks and beat the next person, right?

All of a sudden there's going to be your next door neighbor that isn't going to want to keep up with the Joneses. Is that really what's going to happen? No, of course not. Humans are humans. Fearful, greedy, envious, right? Self-important. We're individuals.

You know, that was another meme that I used to believe the Bitcoin, you don't change Bitcoin. Bitcoin changes you. But as it turns out, you don't change Bitcoin and Bitcoin doesn't change you.

So because if it did, right, we'd see maybe better quality businesses holding Bitcoin for treasuries, trying to actually bring value into this world instead of just kicking their existing shareholders in the nuts so they can buy more Bitcoin.

But anyways, I'm an idiot. So what do I know? All right, let's continue here, guys. The Bitcoin knots monitor. That's well, it's not just knots. It's the fork monitor in general. Another one I've been, you know, I've been tracking this, of course, as it's going on.

BitMex, excuse me, now has a fork monitor running. And these are the different, the different implementations so far of knots that it is supporting. And you can see there, it just shows that every single one is online. It's, so there's nothing really going on right now.

But it's just to keep you guys up to date. And of course, if you want to, you know, if you want to save that link or whatever it is, it's in the show notes as with everything else. I always put every single one of my sources in the show notes.

Okay, let's see here. All right, all right. So let's do some gold slash Bitcoin, hopium. This is some of my favorite stuff. It's been keeping us alive throughout this quote unquote bear market.

I know I have a hard time with that bear market at 60K. It's all psychological. I'm sure in like four years from now, this will, this will seem much more like a bear market. But right now it's, it's just like a pullback, a big pullback. That's cope, by the way, my cup.

Anyways, gold doubles below 5K has Bitcoin jumps to 73 73K, the regime shift divergence is accelerating. It's kind of interesting, right? Like it's a lot of times different analysts like to talk about the correlation or the lack of correlation with gold.

But you got to admit, some of these sections here really do seem to, they maybe they're not exact.

They seem to follow a very similar pattern, right? Like you can see the last like, what is that?

I think that's like the last seven days, right? You take a look at Bitcoin seven, sorry, seven to nine days on gold. And you take a look at that on Bitcoin. And it is, it's just doing the same thing, but in the opposite direction.

Okay. Look, maybe gold, sorry, maybe Bitcoin led this year, sorry, it last year, right? Maybe gold, maybe Bitcoin actually led that. And so we saw that run from 15 to 127, which I still believe was a muted bull run.

I don't, I don't think we got the whole thing. I think that we actually got screwed with all of the paper Bitcoin products.

I know that, of course, there's the other side of that coin where people can argue that, oh, but it held the market up. Sure.

Unfortunately, we will never know what this looks like without paper products. And in fairness, this is an open market, right? Participants should be allowed to create these products.

And they should be able to compete on the open markets. But I'm not saying that, hey, we shouldn't have this. And, you know, like I'm not, I'm not trying to do that.

All right, guys, the Kathy would hope you look, I have a hard time with with Kathy's hope because she, she doesn't really have the greatest track record. And even though she says a lot of really wonderful things, you know, I'm always a little, I'm always a little cautious. Let's say, let's take a listen.

One and a half million in 2030.

All right. One and a half million 2030. Let's freaking go.

There are a few compositional changes. One, stablecoin. So, especially tether in the emerging markets, have you served the one of the roles that we thought Bitcoin would serve.

And that is, we thought that before stablecoins that people would, and they were, they would buy Bitcoin as an insurance policy against confiscation of wealth, either in the form of information.

She not know that people are doing that. She doesn't know it. Anybody's doing that. Okay.

I'm not buying fucking stablecoins to hedge against that shit. Like that's, that's insane.

Which occur regularly in the emerging markets or outright confiscation of wealth. On the other side, what has happened to gold recently?

Gold has doubled over the last two years and has outperformed Bitcoin royally in the last year.

Yeah, exactly. You got to cherry pick that timeline, Kathy, because if you compare it to the last two years, it's a different story.

15 K to 127 K is not the same thing as gold. Okay. So, yeah, pipe down on that one. Again, I'm not saying it's a bad investment.

You know, a lot of Bitcoiners come from the gold background. We don't want to insult them. Want to insult them. It's okay. It's okay to have a shiny rocks, guys. I've shiny rocks too. Okay. That's what my parents gave me.

So the digital gold role, and we think with intergenerational wealth transfers accelerating here throughout the world, that the younger generation will diversify into a digital gold option rather than the physical gold.

That's more their world. And so we think that role has increased or that the price should be supported by what has happened to gold.

If you look at what's happened historically, certainly the last two cycles, gold has led Bitcoin. So we think Bitcoin is getting ready for another big run.

And look, you know us being quote unquote dead at 74 K does lend credence to this. Keep in mind this video, I think is from like mid February, but I want to go back to this thing that she said about Heather, what the hell was that?

The emerging markets have you served the one of the roles that we thought Bitcoin would serve the emerging markets.

One stable coin. So especially tether in the emerging.

Okay. Okay. So tether in the emerging markets has you served bitcoins use case.

Sure. I mean, you could you could say that right. I'm not going to disagree with that to a certain extent. However, I think it's I think it's fantasy to believe that the state would not create its own digital currency in order to stop the flight to bitcoins.

It's like, yeah, this is par for the course. Look, it's just can kicking. Okay, that's all it is. This is kick the can down the road technology. This is what the fiat system does. This is what the banking system does. It's par for the course.

You know, so like I'm not sitting here like surprised and like, Oh, no, tether's going to kill Bitcoin. No, it's not what's not.

They're just playing the game the best right now.

All right. Good morning, Phil. Hey, good morning, plastic.

I love the hopium, too.

Yeah, Phil, I agree. This bull run. Yeah, exactly. I know it's so tough. Right. We have to put it in quotations because I have a hard time saying it.

Right. Like I'm making fun of myself while I'm like, that wasn't a bull run. Can't believe I'm saying this.

Yeah, I also agree about the golden silver gold and silver as peak have peaked and we'll stay around this price now for many years. I don't disagree.

I don't disagree. And we'll see. Right. We'll see what happens. Hey, good morning, free RS guides.

So yeah, you know, what do you think of the Kathy would the hopium, right? Do we 1.5 million by 2030?

You know, some people were calling for 1.5 million by now. Right.

Samson's been cheering for the, you know, the Omega candles and million dollar Bitcoin and stuff like that for like almost seven years or whatever it is.

I think we're going to get it by 2030.

Oh, we've got four years. Hopefully I'm still around for that.

Hey, there you go. CP digital man finally made it.

Don't do the show pops up on Twitter, but there were some issues. There were some issues recently.

Hey, good morning, humble. Good morning.

All right. Yeah, I know I'm just I'm wrapping up soon. Okay, let's let's continue on here. That's right guys.

More hope and Bitcoin reclaiming its 50 day moving average. That means it the 50 days.

What's happening is is that the price action is in fact trending higher and it's making people excited.

But guys, don't get too excited because the reality is is that we have a lot of resistance overhead.

I still think, hey, good morning, rock. Good morning.

78, right, 78 to 80. That's so far where we could see the next resistance. And then there's like 85 to 88.

Now look, of course, in, in my opinion, right, we go above, we go above like that 80, like we start going into the 90s.

And it is going to be panic mode. It is going to be panic for the people that sold.

There's going to be a lot of people doing a lot of mental gymnastics to.

And this is why I don't trade, right? So I don't have to do the mental gymnastics.

Again, I'm not insulting people that trade to each their own. There's nothing wrong with that. I'm just saying for me.

I know that I would, if I was trading this, I would be funding myself out of my Bitcoin.

And I would continually end up with less Bitcoin.

So it's like, see, look at that. I just hoddle and stack as much as I possibly can.

That's it. This is my safest move.

But yeah, you know, like I still think we have a lot of resistance overhead.

So I'm not cheering yet. I'm not ready to metaphorically dance on the graves of the bulls.

Okay.

I don't really have that type of personality anyways.

Not a sore winner on a sore loser.

Either I'm just kind of one of those meh people.

I don't even know what that means. Take it for what it is.

All right. Netherlands, guys. Yeah.

That's an opinion. That's an opinion.

It's okay. I'm a retard, even though I don't trade.

Okay. Rork is saying the 69 67 gravity. Well, is I dude.

I don't disagree, man. It's like a magnet. It's like a magnet.

And Phil is saying new all time high, not until next year, just my opinion.

Yeah, I got to tell you, man, I am with you on that.

If I was to say, like, all right, you know, when is the next, the closest time that I see.

A new all time high forming, I would, I would tend to agree with that as well.

And cautiously, right? It's cautiously just because of previous cycles.

And of course, right, past performance does not dictate future future returns.

The Netherlands, guys, you thought the Netherlands was going to give up on this, but they're not.

They're not giving up on this at all.

They're just pivoting, right? The Overton window. And this is what I said.

This is what I said when I went when we first talked about this.

The fact that they put this out there.

And that people were willing to engage with it and having and have the conversation.

That's what shifts the Overton window. Hey, look, look, people aren't saying no.

They're not outright saying no, they're saying not this bad, but that's wrong.

That's not true. Nobody wants unrealized capital gains tax.

Well, except, of course, the machine that is the faceless machine that is the government, right? Of course.

So let's take a look at what was said over here.

Here's the justification for it. Money moves from the citizen to the government.

We can use their money to create wealth in another way and look.

This is the, it's like this is like the collectivist socialist type of dream, right?

That the benevolent government is going to distribute wealth, create an equal playing field for everybody.

But the truth of the matter is in all fairness is that this that type of system.

It cripples everyone in the same way.

Okay, that's what it does.

It slices everybody's legs so that you're all at the same height.

Obviously not the elites, though, right?

Not the benevolent, not the benevolent dictators that are telling you what to do, right?

The people that are part of the government machine.

Oh, that's different.

Yeah, that's right, man.

It always is.

It's always the rule makers and why?

Because they represent the benevolent government that is doing the good for the people that make no mistake.

I mean, guys, if any government was a company and you were able to buy shares in it, you wouldn't.

Because they're always going broke.

They don't turn a profit.

Okay, so this idea that the government is going to create wealth in another way.

Yeah, it's going to create wealth absolutely for the centralized entity that is able to control and move that money in the direction that they want.

And to their friends and to the people that play along.

This never ends well.

Unrealized capital gains never ends well.

We know that.

I just wanted to shit on it.

All right, more dystopian future on our way that completely unsurprising as well, of course.

Ah, yes, of course.

Of course, or public servants.

Again, right?

Just the same way that laws are named the opposite of what they do.

Okay, it's the same thing with these titles.

Right?

Public servants.

The greater good.

The public good.

Right?

The public good.

Who is the public, though?

Right?

The public is a faceless entity that doesn't actually exist.

Because think about it.

You are individual.

I am an individual.

We are part of the public.

What is the public?

Right?

Unless you're willing to break it down into individuals, it's completely meaningless.

And that's done on purpose.

Completely done on purpose.

Everything is such a sigh off.

It's so fun.

Yeah, exactly plastic.

It's our best hope.

Governance works only in local scale.

Exactly.

And this is why most people find that their local governments are significantly more effective than anybody at the federal level,

or even at the state level for that matter.

Like, I find a lot of people that really respect their representatives for their town, for their city, their municipalities.

Something happens, though.

Something happens when they move up the ladder.

I don't know what it is.

I don't know.

Anyways.

So Google is going to require developer verification for Android apps, even for side-loaded apps.

Okay.

So what are side-loaded apps very quickly, right?

Side-loaded apps are just simply, it's you decided to create an application for your Android and APK file.

Okay.

But it's not officially available on the store.

So you manually, right?

You manually have to essentially load that app onto the Android OS on the tablet or phone that you're using.

I used to do this as part of my job.

So it's like you have to type a special set of commands.

There's this special unique key that is given to the company or the developer that is that is side-loading the app so that that way you can successfully side-load the app.

So they're already is, right?

To a certain extent, this framing that there isn't already some verification is somewhat misleading and disingenuous.

This is just more encroachment.

Anyways, in August 2025, Google announced that as of September 2026, installing apps will require developer verification for all Android apps on certified devices, including those installed outside of the Play Store.

So here's their timeline, guys.

And we did start hearing about this back in October.

I did report about it back in October, but now we're obviously the timeline is becoming more real.

So here we go in October 2025, early access for developers to begin verification, like imagine signing up for early access to docks yourself.

This is this is the kind of puppetry that companies think people are.

They're going to sign up for this.

Anyways, March 2026 verification opens to all developers.

Yay.

September 2026 enforcement begins in Brazil, Indonesia, Singapore, and Thailand.

2027, the expected global rollout.

Unverified developers will be unable to have their apps installed on certified devices, which some reports suggest is designed to increase accountability against malicious, fraudulent, and stolen apps in all fairness.

And look, I'm not saying that doing this doesn't mitigate this type of this type of behavior, but what I am saying is that criminals are still going to be able to get through people that want to create malicious apps are still going to be able to do it.

But the only difference is that they are going to have more, they're going to have more eyes to dot and more teased across.

That's all right.

All it is bureaucratic right tape.

I talked about this before with with KYC and AML laws, right?

The think of the infrastructures that we have in place and yet these laws catch maybe 0.01% of money laundering crime.

Like you got to read like we have to realize like this is not an attack on the criminal.

This is about coercion and control of us as individuals using using the criminals as the pie, as the piepipers to lead us off the cliff.

That's what that is.

It's anyways, it's absolutely wild.

Yeah.

Progressive web apps, you know, I was one of those people who thought FDW meant the world.

I thought that my entire life and then I found out it's for the win and I'm like, for the win.

That is freaking weak.

The world.

That's what it's all about.

Anyways, let's see here.

So to get verified, do you have to pay a fee?

I don't.

I don't think so.

I don't think you have to pay.

I'm trying to think back to when when I was troubleshooting this stuff.

I don't think you have to pay a fee.

You might have to pay for support though.

I'm going to look that up.

Sorry, guys.

Okay.

Android developers generally have to pay a one time fee of $25 for full verification.

That's terrible.

That's awful.

Oh man.

And this is exactly what we're talking about, right?

This is the, this is Stockholm syndrome.

Right?

Like you're just you're asking for the shackles.

You're paying for the shackles.

This is nuts.

Oh my gosh.

Hey, hard huddle.

That's right.

DCA to BTC.

The only acronym you need, man.

There's the only one.

Hey, good morning.

Nox.

And.

Hey, Verhovedi.

Verhovedi made it.

Yeah.

It's a, I think you know what, man?

It's like it's a humiliation ritual.

You're going to give us your data, right?

And you're going to pay part of their humiliation.

It's terrible.

I know I shouldn't be laughing.

I should be screaming and trying to, you know,

rally you guys up.

But I just can't help laugh at clown world.

Because that's what it is.

It is an absolute clown world.

Okay.

Because while all of these businesses are sitting there

essentially creating this massive surveillance panopticon.

These two guys that were working on privacy tech.

Okay.

Bill and Keone for samurai.

They're sitting in prison.

Sitting in prison.

Because they wanted to write privacy preserving tech

and the government did not want any competition.

Guys, please again, I'm going to be annoying.

Consider signing the petition.

And of course, if you feel so inclined, please consider donating.

That is going to do it.

That is going to do it for today for the episode.

Thank you so much for joining me.

And of course, I am going to be back to tomorrow.

Have a great evening.

Have a great afternoon.

Can't even tell what time of the day it is.

Take it easy.