I came in in about 2017 and it was of course during a huge bull run and you know the eye what catches everybody's eye is the eyepopping numbers right they uh they come in as an investment they want to make a bunch of money really quickly and that's their main reason and and at the time it was that was my reason too. Um, but what you realize over time is you you go through the you go through the huge up and then it just smacks you across the face with a bare market or or it does things the market, you know, ...

What if Bitcoin miners aren't stealing energy, but are actually the secret key to global energy abundance and energy grid stability. In this episode, I'm joined by Adam Swick, who made the transition from high finance to the physical trenches of Bitcoin mining. Adam explains how Bitcoin mining acts as a flexible load, a tool that can turn on and off in seconds to save the electrical grid when demand spikes, especially in the computing arms race that is currently taking place with the growth of AI.and stick ...

What drives you? Why is Bitcoin such a big thing for for you? >> It really wasn't until kind of closer to CO where I realized, oh wow, no, this is not only a hedge against inflation. [music] This could be the cure for inflation and all the other nonsense that, you know, the central bankers and the finance industry kind of have. And it's just cool that now full circle I can kind of explain that to people every single week and do it in a way that I like. >> You describe how five distinct archetypes react to B ...

What kind of like risks and and opportunities do you see for Sweden if it's if it's early to adopting Bitcoin. >> In today's world, you know, in today's financial markets, everything moves so quickly. Just look at the AI revolution.You know, you you need to be on it from from the beginning, otherwise you will be left behind. We do not know what the future holds for us exactly, but I do know that there's huge potential in Bitcoin and we need to be on this from day. ...

How do you change the mindset within a company. Basically using another money to influence the the certainty/ uncertainty of of a company's future >> in 10 20 years. Do you have a fiat treasury company or do you have a Bitcoin treasury company.Because you're either saving in the currency that's devaluing or you're saving in the currency that's increasing in. ...

We're in a unique time. So, I am very lucky to have found Bitcoin when I did because most of that left tail risk that people talk about is gone, right. And so, you know, with Fidelity and Black Rockck and, you know, all of these treasury companies starting and the strategic reserve and other countries buying, you know, the idea that Bitcoin's going to go to zero is almost somewhat unthinkable. ...

You know, when you really think about like the incentives that are behind influencers and legacy outlets, you know, being able to continue being in business, they are audience captured in the sense that they have spent a lot of time educating people about like the wrong thing and and and putting Bitcoin in a in a negative in a negative sentiment, for example, through so many through such such a long time that they have built an audience that now share that belief. if they were to pivot to like pro Bitcoin o ...

If I'm a millennial starting out, there's one thing I'm doing, and that is trying to get as much Bitcoin as possible. Generational wealth will be created over the next 20 years. And if you're in those traditional assets, [music] you won't necessarily feel poor because they're not going to drop dramatically in value over that period of time.But if you're in Bitcoin, not only will it go up dramatically in value in in nominal terms, it'll go up dramatically in real terms, too. So, not only will you be wealthy, ...

Usually when we break through an all-time high in Bitcoin, you see the price just begin to skyrocket uh you know and just take off for the stratosphere. That has not happened this time around. Like this time around, we kind of like break an all-time high and then we retrace and then we like inch above the all-time high and then we retrace. Then we inch above the alltime high and then we retrace.And that's been very odd. I'm I'm just not used to seeing that. And it's kind of like we used to say um gradually ...

you know, the fact that I grew up in a period when there were companies, there were pensions, etc., etc., you know, I have money in a 401k that I can transfer and move around very easily, but it's not mine. What did I buy the other day. I bought a an ETF, uh, you know, one of the prominent ETFs for my Bitcoin.So, is that my Bitcoin. It's not. It's not my Bitcoin. It's just paper.It is a promise and it can be stolen so fast. You know, one of the things Sailor gets wrong is he does not when he discusses the f ...