BITCOIN TODAY 🔥🚀🧨 by Terence Michael

sideways action based on the posts you've been making. What what are you I don't know what you're talking about. I don't either. Chad's here. What's going on Chad. Oh yeah, we haven't seen him in a while. How far? No Chad, where have you been? You've been hiding under a rock somewhere. We're not as Wi-Fi. Wi-Fi. It's true. I have a new. You're trying to figure his phone out. I have a new router and I'm all set. But hello from BlockKite 9 6 4 0 1 9. Just been busy in the trenches. We were ready for the show tomorrow night. We're doing the Bitcoin end game. Looking forward to hearing people's perspective on how they look at their end game with Bitcoin and quotes. But also in the bigger picture. So excited about that. And yeah, just enjoying watching Lake America and Treasury Secretary's percent. And wonder when British is going to have lunch with them next and hope British includes dark in the picture with his next AI. Hey, what are you going to do? Let's go ahead. What do you mean by end game Chad, meaning like a personal end game? Like here's your goal with Bitcoin and then and that's it. And you've reached your goal and now you finally know or you mean the end game with with Bitcoin. Well, great question. There's those there's two end games, right? You kind of have to work within your own constructs every room, lifetime, et cetera. And then the bigger end game too. So like, you know, how does this really play out? What does a a society with AI go into hard money look like? So it's it's two questions and we very much look forward to hearing individuals own end game. But then the conversation will also go to the bigger end game. That was a great movie, Tarots. Didn't you produce the the big end game, the great end game? No, that was you. Mm hmm. Okay. That was the big bottom. Well, yeah, dark. You came off mute. Is that a sequel to the big squeeze or the short squeeze or what was it? Big short? Yeah, that was Tiffany's bio movie, the short squeeze. I gotcha. Kudos to you. Gentlemen, what's going on? We're living the drain, buddy. Typically when you walk onto a talk show stage and someone says, hi, you, you, it's not. Yeah, I just I just wanted to give you a moment. The monosalabic response. Yeah, it doesn't go far on a show just so you know. Gotcha. I'll remember that one for next time, Terrence. Hey, I still want to talk about I gave you the offer yesterday. You didn't take me up on it. So I'm going to do it again. I want to talk about if you would like to what this price means for the four year cycle, because I think it actually has some bullish implications for Bitcoin. So just put me off for out there, gentlemen. Let me know if you want to have that. Terrence, did he say four year psycho? Yeah, I think he's talking about you. Yeah. Okay. Yeah. Close. We let the people decide on the show, Kudos. So I think the conversation took a 180 and went a different direction yesterday. Yeah, exactly. I mean, you know, if you want to talk technically, the only four year cycle is what Bitcoin does with it's having every four years. Outside of that, the network doesn't know any dates, any terrestrial dates. Yeah. And so what's up? Where is it? No, the network can't be aware of any of any dates. And if you want to just talk about the years that go up and years that go down, that was already broken in 2025, 2025 was not a green year. Yeah, and we can't program morality into it. That's right. Now, does Bitcoin just like all assets and commodities move somewhat, is it somewhat correlated to liquidity and business cycles and money printing and whatnot? Of course. Yeah. So Terrence, I'm getting the feeling that you don't buy into the four year cycle theory. I don't buy into the one that I think Kudos talking about, you know, because then Bitcoin wouldn't be anything if everyone can just trade based on dates and proven time and time again that they can't. And you know, the data, what did you have? You know, just two cycles that happen to look similar. Well, yeah, I think so a couple of things. Of course, like Bitcoin doesn't know about the four year cycle, but market participants do. And there's a, there's kind of a feedback with with. Well, sure, there's always a self-fulfill in prophecy if people want to do what they expect. That's just psychological. And that's just people with exchange rates. But I'm just saying there is no such thing as a four year cycle for Bitcoin. It's self-fulfill. Let me just, let me give you one perspective from someone who, now again, it's it's, um, and even with what you're saying, 2025 was not a green year. So it broke right there. And even if that's what you wanted to follow, that was. Terrence, I'd be glad to make my point. Correct. Terrence, I'd be glad to make my point. Correct. I'm very delighted to hear it. Man, I make my point, sir. Hmm. Yeah, but I'm not sure he'll be delighted. But go ahead and then we're going to let a non speak because he popped off of me as well. Go ahead, Kudos. No, look, look, here's, here's the truth. I mean, it has been running, it has been going basically three years up one year down. 2025 was technically a red year, but that if you look at the general price appreciation, it went, it went three years up. It went 2022 to 2025. I mean, there's kind of a technicality there. I'll take, I think what's more interesting is that this cycle got cracked with Bitcoin. It first got cracked when Bitcoin hit a new all time high before the 2025 having. But I think a lot of it's kind of psychological and then there's a supply demand dynamic, but here's my point. What's interesting about the move that Bitcoin just made, I mean, the market was positioned. There were about three billion in shorts that got liquidated over this past week. The market was heavily positioned, expecting the poor year cycle to play out, like to basically for the calendar to rhyme, like it has less than two cycles. And we just had the biggest short liquidation ever. So the market was thinking we were going to go further down and that didn't happen. I think that this is good for Bitcoin because it puts Bitcoin's kind of price appreciation and people analyzing the price back and the unknown unpredictable territory. And I've never subscribed and I wasn't subscribing to this. I didn't think we were ever like the hardcore for your cycle people were thinking, oh, we're going to go back to 40k because they were doing some math. And I always kind of thought that that was very, very unlikely, but I did suspect I did think, oh, maybe we'll get the bottom in queue for with this move that it just made. I flipped. I don't think that's going to happen just, you know, based off probabilities. But I think what I'm trying to say, Terrence is that because this, what are you trying to say, Kudo? Yeah, there's only so much room on the box to put an answer. Like you're going past the page. Yeah, you're out of the line. Back of the page. Yeah. I just think what happened was very unexpected. I think it really cracks that theory hard. And I think that's ultimately good for Bitcoin because kind of makes market participants rethink that whole thing and puts us in a new paradigm. That's the point. I'm learning to juggle sharp knives, but I also trade Bitcoin based on the power law XL, which basically I just took the power law put 25% on the top and the bottom. And I'm safely within the lines. Let's go to the unknown. I thought you subscribed to that crypto influencer, Layla Helper or whatever name is. I don't know. Nobody knows anything. We don't have a crystal. Oh, let's go on and then chattel. Yeah, I'm so interested in this debate. People are having a does price drive narrative or does narrative drive price? And I really think it's both and it's just depends on when you start measuring because it's call and response. Like if you're at the top, you're calling for the bottom, right? It's like, that's just how these things work. Anon please stop saying tops and bottoms. Terrence is getting excited. Oh, my. That's the same as hash and price. It's like people are like, oh no, hash rate drives price. No price drives hash rate. And there is no chicken and egg really. Well, I can feel Chad's excitement with this topic. I can just see. Oh boy. Oh boy. And to the board. Here we go. There we go. On boy, sit down, everybody behave. Sit. Roll over. Play dead. Be good. Chattel. Chattel. Yeah, is everybody sitting down for this? I'm seated comfortably. Excellent. Starting the four year cycle, there definitely is a 210,000 block cycle, which approximates four years, of course. So we should call it the 210,000 block cycle because that's what it is. And Terrence, 100% right, the only thing that's coded is the having. However, what I don't think we've put enough credence on and we'll know this in time. But I'm pretty sure the floor of Bitcoin is relatively defined by the production cost. And because the having cuts the increased roughly speaking doubles, the production cost every two years, sorry, every four years, that production cost increase. I do think is part of the mechanics that take us up through time. From that, obviously you can throw. And I think that comes into playing the power. I'm sure it does. So that combination of things gives you a quote unquote reset, quote unquote every 210,000 blocks that does change the dynamics in the way that ripples through the market effect. I would argue is fascinating through time. So let's just look at the first having that. I'd like 100% impact, right? Because even the supply got so thrown. The second having that would be a 50% when you kind of run the numbers. The third one, I'm sorry, the fourth having would be 25% and this one that we're going to have now in April of 28th will have like a 13% from that perspective. So that wave, I would argue does carry through time and have an impact, but it's not three years green one year red or something like that. It's more along the lines of it has impacts through the industry with the difficulty adjustment that continually push Bitcoin up through time. And I believe that 10 years or so when we look back at this mathematically, we will much closely, more closely aligned to that than the supply having the impacts going forward. Obviously that's not changing as much. Talks. Hey, Terrence, did Chad say Creed? Creedence. He said Creedence. Oh, there's no parent. Sorry, good, persist. I'm like a 13 year old. Yes, we all know that. Get your shot glasses handy. G money's on stage every time. Yeah, we'll get back to Chad. Oh, yeah. So today's words for G money are Trump strategy taxes and petto. Petaphilia. Yeah. GDLA, Shadalai, boys and girls. And Shadalai. And I was just kind of laughing at punchy last night was still crashing out over Bitcoin 10 and it was kind of funny that the old man just can't get over it. And then you got people like British today who are saying that a friend of his got fishing attacked on his treasure and he's kind of like spreading fud. Like, bro, if you're dumb enough to put your fucking seed phrase in a website, you didn't get hacked, okay? You just got fucking outmaneuvered. So like, I don't know. I think people need to like watch how they spread some of the fakeness over. You know, G money, I'm actually glad you brought up last part because it really upsets me when there's really good companies out there. Like, like treasure, you know, trying to do the best thing and people are like, oh, treasure got hacked or ledger got hacked or whatever. He's like, no, the person, the person got hacked, he was social engineered hacked. It's like, just get the facts right. I think Bob, too, of veterans posted something about his friend. He's like, oh, yeah, his, his, his, his, treasure suite got hacked. It's like, no, his treasure. Yeah, it's, it's, yeah, it's just super annoying. Like you guys, like your seed words anywhere in any software. You just don't do that. G money worded as somebody getting outmaneuvered. Are you out there making a few extra bucks outmaneuvering people? Any money? No, I'm moving my daughter into college. This is actually today. So that's going to be fun. But no, like, I mean, if you give me college, I thought you were against college. She's going to point university. Going to point Lama. So it should be nice. So I'm going to drive her down there and, you know, hope we get all this stuff right. You mean drive up. Drive the grounds. Drive the grounds. Transpirable. Just a coin university. No point Lama is. I did make her buy. Barbara. I did make her buy. No, it's by San Diego. I did make her buy some Bitcoin from her little job she had. And the other day she's like, wow, dad, it really went up. I was, she made, I don't know, 80 bucks or something but she like finally like got it. So it's pretty funny. But anyways, back to this shit. Like, if you give a thief like the keys to your house and he goes and robs you, like, is that theft? No, you fucking let him in, man. So like, the people spreading fake news like British, you know, we got to keep those people in line because like, you're just spreading fake news. Like that's fake news. The, the treasure did not get hacked. And if you're going to say like cyber punks are dead, I don't know, everybody, I need a new cold. Lauren and Terrence, you guys have a new cold that is about freedom and like, you know, making money without all these freaking boomer retards that are just stuck in the system. And if you guys have one, let me know because this is a big, actually, big Bitcoin. Big Bitcoin. So yeah, I was looking for that sponsorship from big Bitcoin. You could follow him over there. Yeah. I think British got it and studies trying to drive everybody into the ETFs using it. You took the big Bitcoin. You did. You took the big Bitcoin bait triple B, the iteration. Yeah. Ron. All right, let's go back, let's go back to Chattel. Chattel, yeah. We get back, we skipped over his subject. Sorry, Chad. Back to you. And your subject. Well, that was it on the subject. I just think that the, you know, we shouldn't call it a four year cycle. We should call it a 210,000 block cycle. And you know, it's a good way to reset every four years based on Bitcoin's clock, which is really, you know, as Jack Moller's called it, Satoshi created his own time because he couldn't, you know, what clock would you rely on if you were to build this thing and by building his own? He did that. So to me, it's an homage to him, but absolutely the production cost through time is a fascinating subject because the costs, you know, there's this huge push to pick up stranded energy. Now, you know, the people that are able to do that have a very low production cost, like Gary would say, you know, $30,000 or something of coin right now. Sure, they're out there. Others have $100,000 production costs. So the miners coming on and off is a crucial evolution of price and, you know, let's face that number go up, but it is a, it's just like oil, you know, there's a production cost per barrel. And although it can trade through those prices, it's not really a total floor. But it is a. It is a mechanism that it pushes up through time and I, you know, personally believe that that we can correlate it to the 210,000 block cycle. Kudo, hop in.