Transcript
0:00 big reason that you want to own 0.21 Bitcoin is that they no longer need your labor. And I'm going to unpack that here in a second. As I've studied this space, I've become increasingly convinced that when it comes to Agentic AI, embodied AI, AGI, all this stuff that's coming, not only are we not in a bubble, but based on what guys like Jordi Viser are saying, AI is more like the new electricity or the industrial revolution. And most of us can't conceive of the epic transformations coming our way in the next five years.
0:32 So in this video, I want to outline what it means to our current version of capitalism, the labor force as we know it, and the importance of owning 0.21 Bitcoin as a solution. So if we're just meeting, my name is Brad and I'm on a mission to empower millennials and Gen X to integrate Bitcoin more deeply into their personal finances so they can reach financial independence in 10 years or less. So, I've been absorbing Jordi Viser's latest Substack on the fracturing trust in capitalism, AI, automation, and the inevitable rise of Bitcoin. I'll leave a link to that in the video description below. His conclusions might be shocking. Some of the stuff that I'm going to cover in here might be shocking, uh, but hopefully encouraging at the same time.
1:11 The TLDDR, for those of you guys that won't watch this to the end, capital can now generate wealth without workers. We've we've crossed the Rubicon with this. Human meritocracy as we have known it is mathematically obsolete. Bitcoin is the pressure valve. It's the only scarcitybased store of value in a post labor world. And then the action is to understand this fracture, not be freaked out by it necessarily and protect your wealth with Bitcoin and then prepare for a society where AI does the work and scarcity defines value. So in his article he starts off, you know, with just kind of outlining some of the data that came out in Q3. And so GDP was 4.3% which is the fastest in two years and that's growth without any job creation.
1:57 So corporate profits were at record margins and even soaring higher. Unemployment was at 4.6% and the job growth was at zero. And then the consumer sentiment is 52.9. It's the second lowest ever in recorded history. While the S&P was hitting all-time highs. So the bottom line is that prosperity as we have known it is now decoupled from labor. So he's laying out the strong case for this. [snorts] So he also puts it into the um the context of the original social pact and how that sort of has evolved throughout human history. So [snorts] 8,000 BC to 1800s there was surplus artisans, engineers, doctors. It was more of a a decentralized type of economy. And then we had the industrial revolution where you've got wage wages, you got subsistence, uh but people were typically able once they get to a certain level to have savings, home ownership, and there was some upward mobility. The key driver though was that workers were needed. And I've noticed this myself, capital was needed and both of them thrived sort of together, working together. So the meritocracy collapse that we're really at the beginning stages of is, you know, you went from getting a four-year degree to the point now that humans are in direct competition with digital entities that have the equival equivalent of like 10,000 PhDs. So everybody that's coming out of university university, law school, med medical school is now in direct competition with digital entity entities like these AI agents that have the equivalent [snorts] of all the world's knowledge and can process that, you know, and at the speed of lightning.
3:38 You can't outwork or outlearn a system that never fatigues and updates every model release. The societal consequences which we're just starting to see are that displaced workers and that and then they will go into low-wage safe jobs like elder care and child child care is what he's arguing and then the tax base erodess and we're seeing that already as well. Governments print money fiat debasement. We're right in the middle of that and then savings is impossible because there's no surplus to invest or retire on. So that's kind of where we're heading and I know you guys can see that. So, I want you know as I'm kind of unpacking this, let this fact pattern help you grow in your conviction in the fact that Bitcoin is the only asset that will help you weather this paradigm shift for exactly the reasons that I mentioned in the last slide. So, Bitcoin enters the scene in this scenario. And by the way, uh if you're getting value out of this, uh YouTube is telling me that only about 16% of you guys that watch my videos are subscribed. So if you like, share, subscribe, that would be greatly appreciated if you find this helpful. So Bitcoin is many of you, as many of you know that are regular watchers of this channel, it's mathematically scarce. So there's a 21 million cap, the only store of value that is independent from labor labor-driven economies. As fiat debases, scarcity becomes the sole credible hedge. I know it's difficult to, you know, wrap your mind around, so you might want to wa rewatch this video a couple of different times. So it's in this scenario that holding 021 Bitcoin becomes and by the way I would love to hear if you you know do you buy this narrative? Are there some parts that you're disagreeing with? Is there an alternative explanation that you tend to buy? But holding 021 Bitcoin becomes less like a specul speculative gamble which is still a majority sort of narrative out there in especially in the investment world. it becomes more like a strategic seed position that captures just a slice of the upside generated by you know the current or former you know by back in October there was this well whaled driven liquidity expansion institutional adoption uh spurred by AI driven analytics so that means that basically a lot of these whales that were liquidating some of their bitcoin some of these early adopters were [snorts] now putting it into this gold rush of the AI revolution is is basically what he's And then the faster network affects that lower transaction costs and improve uh security that helps us answer this burning question. Why are these guys why are these OG Bitcoin billionaires selling? So like I was alluding to in the last slide, we're they're rotating capital into AI infrastructure while the AI AI buildout creates short-term alpha or short-term uh upside. [snorts] After that buildout is finished, Bitcoin will be the only asset that never relied on labor.
6:27 Really, um, it's a complete monetary paradigm shift based on what Elon Musk calls money as energy. [snorts] And most investors, the investor class, are completely missing this right now. Everybody's so bought into and focused on short-term price and, [snorts] you know, just all of the noise that's going on in the space right now. You know, my my point in doing this video is really to kind of help us back out and look at the larger trend that we're actually on the cusp or I would say at the beginning stages of a complete paradigm shift that human history has never seen before. So, [snorts] Visser's core message in this um piece is that the current whale IPO style consolidation that we started seeing probably back in October isn't a death nail. You know, it freaked a lot of people out. Why are these guys getting out now? It's a distribution engine that enables Bitcoin to become a mainstream asset class. So when you know an OG Bitcoiner sells a thousand of their Bitcoin, there are probably at least a thousand buyers because, you know, especially at the retail level, you know, most people can't afford to buy a full Bitcoin. So from that perspective, owning 021 Bitcoin is a modest but meaningful way to ride the wave of that distribution, especially as AI powered capital seeks stable, liquid, and widely held digital assets. So again, [clears throat] back to the bottom line, the TLDDR is capital can now generate wealth without workers. So if you go back and you look at the Q3 numbers, the Q3 data, it is now evident that capital and labor have completely detached from one another. Even where we are in the AI adoption cycle right now, human meritocracy is mathematically obsolete. You know, those methodologies of obtaining merit in our society and economically are basically quickly disappearing. Um, Bitcoin is the pressure valve. It's the only scarcity based store of value in a post- labor world, especially when you care when you compare it to, you know, fiat currencies. And then, you know, it's important and part of the reason that I want to do more content like this is that we need to understand this fracture. We need to kind of dig into it and understand it and kind of put it on, you know, um so that we can protect our wealth in Bitcoin and prepare for a society where AI does the work and scarcity is the thing that actually divi uh defines value, which is a completely different paradigm from where we are now. [snorts] Uh also wanted to mention that I'm doing a weekly live stream now.
8:48 We're covering topics around you know general personal finance uh you know fire movement type strategies Bitcoin as your high yield savings account and self-custody as well as adjacent assets like ETFs covered call ETFs all of those things. Um our latest experiments uh that we're doing in different things and then open it up as a Q&A. So I'm just curious leave a comment below. What's your current Bitcoin goal? Are you trying to get to 0 21? Are you trying to get to 0.5? You're trying to get to one Bitcoin? Let me know in the comments.
9:18 We'd love to hear that. Um the next steps for most of our audience that are trying to integrate Bitcoin more deeply into their personal finances is to sign up for a Fold debit card or the Gemini Bitcoin Mastercard. These are great ways to earn SATs every day. It obviously helps out the channel as well at no cost to you. And then if you have questions, just uh set up a call. My calls are very uh very affordable and uh I'd love to help you kind of get over whatever hurdle or whatever questions you have about Bitcoin, Bitcoin, personal finance, your and your journey to financial independence, retire early.
9:50 And then [snorts] if none of those things sound good to you, uh and you want to support the educational mission of this channel, I would love it if you would scan the QR code or le see the link in the video description below and maybe buy me a cup of coffee. All right, see you tomorrow. Okay, since you made it this far in the video, I wanted to offer two resources that will help you integrate Bitcoin more deeply into your personal finances. Number one, Gemini's Orange Bitcoin Mastercard. You can earn up to 4% Bitcoin on everyday purchases like gas, dining, groceries, retail purchases. There's no annual fee, no foreign transaction fees, and no exchange fees on any of your rewards.
10:26 Plus, if you sign up today using my link in the video description below, you get $200 in Bitcoin when you spend $3,000 in your first 90 days. Link is in the description and the comments below. Number two, I'm also offering onetoone calls to answer questions and to help you integrate Bitcoin into your personal finances more deeply, including traditional FIRE and Bitcoin planning as well as Bitcoin self-custody. The link is in the video description below for