 Hello. Hello. What's that? I can't hear you. I can't hear you over the sound of this sweet luxurious t-shirt that I got for super cheap So first of all you may be asking yourself why does Rob have this ridiculous t-shirt on that looks like trash and Why is it such low quality? Well first of all the person that's on the t-shirt is also low quality and the reason Why I'm wearing this t-shirt is because I lost a bet with the gentleman right here Name Simon Dixon Simon welcome to the stage I've been waiting for this moment Q1 2024. I know you know I thought for sure I thought that they would blow through this ETF and just say no and then we would be here So I was like, you know what what I'm gonna do I'm gonna bet Simon Dixon that if they do hit an ETF. I'll wear a shirt that says I heart Machinsky and Of course, I'm not gonna wear that that kind of shirt What I thought will be best is if I were and for those of you that can't see this in full great beautiful detail I'm just gonna throw this up. This is what the t-shirt actually looks like I was waiting for it to actually come through but didn't but this is the one that we have right now and you may And again, you may say to yourself. Why is it social low quality again? The person that's doing this is also low quality. So That's what it was so Simon you won the bet congratulations, I gotta tell you this is it was a not a bad bet to Go through Because I mean everybody's happy now with this ETF. We're gonna talk about the day But really is that happy but this is where we're at. So how things going Simon? Yeah, really good. It's bittersweet. So like I think you took a bet where you don't mind losing Like you have to wear the the Mijinsky t-shirt, which I think you would have loved me to one I don't even think you would have liked me to warn it. That's how like that's how much we love it but Yeah, we we had a bet last year. This is when the SEC was causing all sorts of havoc in our industry and You know, we knew that they were clearing the way from the exchanges They didn't like the finances of this world came a bit later And they were getting the the tradfire industry ready to get into Bitcoin And yeah, we had a speculative bet. I gotta be honest. I didn't know I was gonna win it It was fun, but I said Q1 2024 and here we are and here we are nailed it nailed a buddy You nailed it. So everybody of course This will be the t-shirt itself the gentleman I'm talking to right now is Simon Dixon You can follow him on YouTube close to 100,000 subscribers. Congratulations. Also Twitter. I've linked to both actually I've linked all three You can also check out bank of the future Where this is Simon's company where they've invested in the small little things like the Kraken bit for next a theorem You know small stuff and you can find that again all in the description. So Simon we got a lot of things to talk about today. I don't know if you heard about this, but this ETF Yes, it's been a while. So the ETF is here. I think it so we're on day two of trading and We had obviously I'm sure you covered it in depth. We had the the Gary Ginsler hack and rubble Yeah, we had weeks and weeks of speculation We had the SEC teaching everyone that you should have 2FA, but the SEC doesn't take that lesson And that causes massive market manipulation And so we did get a lot of market manipulation and it turns out that it, you know, the ETF is very much a By the rumor sell the news if you're a short-term trader But I'm still very very bullish on the impact that it actually has. Yeah, and that's what I'll say in a Yeah, that's perfect. That's a perfect say where that's what we're gonna get into about because people were expecting fireworks That really didn't happen just to put everybody into like a little timeline This ETF it was close to not going through in all honesty and we covered this yesterday on the NFA live You have the commissioners for the SEC and then the chair, of course is Gensler Hester Pierce crypto mom and these are the ones that actually approved and did not approve Gensler Pierce and Ueda all approved it and to dissent it and did not approve it was Gary Gensler Who was actually the tying vote which was Surprising a little bit, especially with the circle that he runs around. I got to tell you Gary when he was on MSNBC or excuse me CNBC He did not look too happy and he did not look too rested I'm sure he had to pull do things he didn't want to do but he said a couple of things first of all He respects the law and you know, they lost numerous cases So here we are but the thing that I want to ask and this song I'm glad you're here before we get into the ETF stuff is what message are people hearing are they hearing the message that? Gensler and the SEC and Elizabeth Warren are pulling out which is this is all you know, we approve it because of law But bitcoins only good for illicit activity like money laundering sanction evasion Terrorism and he didn't just say it here I mean he said it when he actually came out and said the same thing of like this is my statement of why I Approved this and then of course Elizabeth Warren took to Twitter and said the same thing Thank God for community notes as it says. Hey, there's already robust laws right now And you're saying there's no no KYC and AML. That's totally untrue. So then the question then becomes is you know What is the message that people are hearing this message are there new people coming in going? I like what I see or are they like Calling you Simon and going hey this Bitcoin thing sounds awesome. How do I get in? Yeah Yeah, I have had a lot of I had had a lot of calls from people that are asking now There's an ETF. Can I buy it through the broker and I was like, yeah, sure you can But yeah, you know putting all of that together. We talked about it a lot over the years And you know get into the has always actually been a Bitcoin maxi So he's always believed in Bitcoin He used to teach about Bitcoin and blockchain and MIT And he always used to talk about how Bitcoin was commodity like and he would always question whether a theory am is or isn't a security And you know, he would always make that distinction now when he hit the SEC You know, he took a very Hardline stance and made a lot of enemies in the crypto sphere The commodities and futures trade and Commission CFTC they wanted to regulate Bitcoin as a commodity They wanted the business the SEC was taking a hard stance on what is a security and what isn't a security? They went through several different court cases Then you've got the money laundering side. That's not a securities issue. That's a FinCEN financial primes issue And so, you know all the exchanges have had to register with FinCEN and comply with all those requirements For a long time. So there's nothing new there And so really we've just got that clarity now So the Bitcoin ETF became that moment when they couldn't really come up with any more excuses They tried as much as they could But you know a Bitcoin ETF is squarely a security at trades on a stock market and it obviously the Operators need to that you need to have custodians and the whole industry really came together for something that the ETF Had had to be approved and you had all these different court cases And so now there's a bunch of players. There's 11 ETFs that were launched from the same day, right? I'm pretty impressed with how they did that. I Hear that that's not normal. I'm not I've never been around for an ETF launch and watched it in real time So I just been learning from other people that have been involved in ETF launches But it's unusual to have 11 different competing. That's really nice for competition and the the the company that got all the volume was actually the one that's going to be contributing to Bitcoin core development with a percentage of their fees and there was this big race around getting the most competitive fees And we got a proximate the 4.6 billion dollars of trading volume About 750 million dollars of inflows, but there was one bogey And that is that we needed to figure out what was going to happen with GBTC, right? Which is the subsidiary of digital currency group. There's all sorts of you know hangovers within that group There was court cases that they won And they got to convert GBTC Which is an expensive product that deviates from the Bitcoin price to an ETF which should track the price more clearly And we had this closing of the difference between the price of the the the product versus the price of Bitcoin And that led to a big outflows because there was almost like shareholder revolts When during the peak of the crypto craziness, it got to about a 50% discount to Bitcoin And then people really enjoyed that trade all the way up as it got to ETF And now a bunch of people are taking their money out of there That's a perfectly said and I know that and we're gonna talk about the the Twitter spaces you've been recently But for the people that have been it because Simon remind everybody how long ago did you get into Bitcoin? So I spoke at the first Bitcoin conference in 2011 when Bitcoin at that conference crashed from $30 to $3 And I bought my first Bitcoin as a Cassaceous coin Which was a physical Bitcoin with five bitcoins on it for about 25 pounds. Oh my god See and okay So I want everybody to remember that as we move forward because again the people that are have been here for a while like Yeah, you know down 10% whatever it is, right? We're kind of used that but if you're new to this area and you expected something different The market has a way of kicking you right in the teeth if you expect something to happen And that's just how it is the only Mainstay against that is time and staying around the market and just getting things, you know, somewhat right I think there's like a sentiment and we're gonna go over this. I see a comment from Michael S This is a complete ETF clown show and I think there's some people they're like, hey I heard from everybody that this is gonna be up only and it's gonna be fantastic And of course, I was always kind of shying away from that because I mean I think it would be good But like I said, you never know which would kind of lead me to the this this next point Let's talk about this which is you know, we I remember 2017. That's when I got in I didn't get in when during the cool time when you know All the cool kids were there like Simon getting it for like 20 bucks But I remember in 2017, you know, we came around I was like, oh, this could be pretty good Then we launched some Bitcoin futures and people sure to live in tar out of it And this is you know, we saw a big decline today We can see that in 24 hours not too great and this is the spot ETF now if we can zoom out a little bit Let's take a look at seven days You can see that it's kind of flat and sideways people took their jump and then of course now down we go 14 days. All right, it's about kind of where it was 30 days Okay, now we're talking 90 days and of course if we kind of like zoom out and that's the whole thing That's the whole beauty of this whole thing and what Simon's getting to is about the time and just being in that's fine I'm going to bring that a point to it. But here's the thing today Simon. You said there was Six was it six point five billion dollars? Flows I think we have four four point three billion on day one and I got to be honest I haven't even looked up a tease where we're out. I think we're at about six or something Yeah, and just like you said here was the big like you said you call it the bogey Which is grayscale because everybody wants to get out at some point like hey I've had this tied in for so much I couldn't actually get you know offload it and now people are offloading their their grayscale not their shares now They're actual, you know physical Bitcoin and kind of coming back and forth, but you were on a Twitter spaces and it got pretty he'd I listened to for about 20 minutes and I was like, I'll just ask Simon So it looks like there's like a divide some people say this was a win Some people say this was a loss. Where are we here in a grand scheme of things? Yeah, you know, it's um, this was so hyped up So by background, you know 2013 the Winklevoss twins wanted to create a Bitcoin ETF 10 years later we get one and this really was a Massive 2024 was a map. It is a massive shift in the supply-demand economics of Bitcoin Yeah, and so, you know people Every I mean, you know, I this is the fourth halving cycle That I've been through and every time Bitcoin halves, which is an event that will happen later this year in about April May People think that it's this event that everyone talks about and so people are like, oh, should I buy it now? And then once it happens, should I sell it and I make a bunch of money? ETF is a similar type of thing even when I worked in trad fight when I worked in trading as a market maker, you know we used to Manipulate markets based upon what we used to have these things called magazines back then and there was like Investors Chronicle where you would turn the page and there would be these stock picks And as soon as we knew it was going to come out people would be buying it And it would always be a bite, you know by the news sell Sell the event type of thing and Bitcoin ETF was like that. Yeah, you've got to give it You know the real the real Change in in here is allowing the supply demand to to to break out So we got Bitcoin halving so the supply of new bitcoins that are created every 10 minutes as a reward for minors That halves every four years that's going to happen in April So, you know, I don't know where we're at right now. I haven't looked I think we've probably about over 19 and a half million bitcoins have been mined already. There's only 21 million There's a race for the last million or million and a half wherever we are And so that changes the supply side of Bitcoin The only way to get those is to buy them from somebody that's willing to sell them To you and so this is where the ETF comes in the ETF is a new bunch of money That over time you've got all the registered investment advisors are going to be given the Bitcoin pitch You've got all these eventual once volume and liquidity picks up all these pension funds They're going to be looking at their pension. There'll be 60% bonds receiving about 5% return There'll be about, you know, 40% in stocks that will be receiving if we get quantitative easing about 20% returns historically and there'll be this little allocation to you know Commodities and you know, you tend to have a little allocation to gold And now Larry Fink has told everybody the founder of black rock that there's this flight to quality We've got wartime economics. We've got quantitative easing We've got bank failures that we had last year. We've got all these different things that Bitcoin helps. We've got You know inflation what will be what that well all of that points towards put some of that in Bitcoin Now if at the end of the year Bitcoin has done what it's always done over the last 14 years Which is averaged about 114 percent returns every year if you're willing to hold it over a four-year cycle Which is what people should be doing Um, you know can't give financial advice, but that's what historically has worked Uh, then suddenly, you know, you're getting 5% on your bonds 20 percent on your stocks and 114 percent on your on your Bitcoin Yeah, you know, it starts really putting to shame and then the funds that are receiving those higher returns Uh, they start to compete with the ones that are receiving the lower returns And the way that Bitcoin was designed is this has been the story of the last 14 14 years And so this is the institutions that will be finding that now Does that mean that the etf launches on day one and we get a little bit of gary ginsler Bitcoin style launching where everything's a comedy in a shit show As it always is with bitcoin Does that mean, you know that we're we're gonna suddenly get that impact in day one? Well, no, it wasn't so this should be a lovely little lesson for people Um, you know the the I have no doubt that the economics will play through Um, but if you're just looking to trade then you're not approaching bitcoin in the right way You know what? It's it's a good point And it's it's a hard point to take when you get in initially Because you hear about how much it appreciates over the last decade or 12 years or 13 years And you want those because I remember in 2017. I go well I mean it went from when I got in it was $8,000 $8,500 to be exact and I thought well, it's went from 1,000 to 8,500 And you know, uh, john mccaffey said it's going to a million. So that that guy never lies So it's it's gonna have it's gonna have a pretty good bet, didn't he he had a great bet any law and You know god rested soul, you know, but uh, yeah, it didn't work out for him to well on that bet Just like me in this ridiculous shirt, but for everybody who here is new it's it's This is why I appreciate when simon comes on to bring in this wisdom and kind of reign everything in That whole thing you said about four-year cycle. I was listening to Preston Pish Excellent speaker and talking about bitcoin He laid it really he laid it out for me that made it so clear about real estate because me and my wife loved real estate And he said if you just look at it as four years and just go over it it beats everything and he says, you know talks about indexes talks about precious metals commodities And real estate by far and I was like I think Preston's full of it But I have to tell you when I took a look at the our our holdings that we had like here's an example I did this last sunday We paid, uh, it was 260,000 for one of our condos here in Puerto Rico And if I would that was in july 24th 2020 if I'd have put 260,000 not into the condo But just in the bitcoin I'd be at 1.8 million dollars roughly I took a look at that. I'm like this is the this is the problem with people's views. Just looking at it in a four-year way. So Again, simon anything else you can add to that I think it's uh, it's it's helpful for the people that are like looking at this etf like what the hell just happened So anything else you got for that definitely, you know, let let people know Yeah, just some real some real simple rules firstly Uh, and this is hard to get your head around but value your wealth in bitcoin price everything in bitcoin Price real estate to bitcoin price stocks to bitcoin price gold to bitcoin Price everything and get your head around um, bit Thinking in bitcoin and pricing in bitcoin once you got your head around that You know that the lower the price goes if you're earning fear currency The more you can buy and the higher the price goes the more fear wealth you have so What I've got is a real simple rule every single month No matter what in a bit more bitcoin than you did the previous month do that for four years I guarantee you'll never change that habit for the rest of your life Um, and that's just a simple thing that everyone can do I gotta tell you it makes sense. This is sorry and you know, like like when we're talking about this This is another thing that I found as well If you there's a website everybody the links in the description. It's priced in bitcoin 21.com And I just I just showed you gold ever loved gold. I own gold. I own precious metals Simon here owns a bunch of other things that you know outside of bitcoin But if we just take a look at that and then I showed us before a united states median new home price And if we take fiat over that and we take a look at just five years How things are going you can see that a house, you know back in 2019 It would let me get this into Let's just do a straight bitcoin not satoshis make things easier A median average house is 320 000. It would cost you 93 bitcoin back in 2019 Now the prices for a house is 418 000 It cost you less than 10 and you can go through this website and look at every single thing That's priced in the bitcoin and what simon is Again, don't trust us do your own research and move from there So simon, let's look me to it to my next thing and we talked about bitcoin And I know that of course, you know, you've got your I mean your very successful business bank of the future And you've got into small things like kraken bit the next secure I mean, I was going through this and I was like it just kept scrolling and going through tell us besides bitcoin itself Is there any other plays that that you get into for like individual wise or is it just bitcoin because I think like Like layer twos could be pretty do pretty well like like a stacks Like this satoshi vm. It's a zk roll up layer two Or we've got these new things called ordinals and since you've been around for so long You just kind of want to get your opinion on on these other aspects of bitcoin or is it just bitcoin only and then traditional stuff No, so once once you get more advanced And you know start with I started with that simple rule Which is I was deep in debt and then I wanted to own more bitcoin every month that worked for me that transforms my financial position And as I went there I wanted to invest more and more into the companies that were going to make bitcoin great And so those companies like coinbase they couldn't find VC funding And so, you know, we invested we co-invested with others we put together a platform where others could invest Some of those companies did, you know about Of the 100 I invested in about 10 of them became unicorns about 20 of them went bust The rest are still still trying to see if they're going to be successful And about two or three of them ended up outright scams, which is why you're wearing that t-shirt Because that was one of the scams I invested in But you know the here's the idea Never remember the simple rule Always have more bitcoin every month in the previous month But take a percentage of your bitcoin if you want and go crazy And so that's what I always did. I put a little percentage of my bitcoin and invested it in the ethereum ICO Um and uh because I'm you know got these little percentages and I manage it like that I don't want to get too complicated But then once you get further and further down the cycle, you know as your wealth increases You can start saying well, I'll put a percentage here and I'll put a percentage which I know Or within my heart. I believe is never going to outperform bitcoin But I just want my safety bucket and as you get older you want more safety So you put some in gold that it's the preserves your wealth Um, and then you just keep going through so my my my message to people is start simple the worst thing is not starting Um at own bit own more bitcoin each month in the previous month And if you want to take a percentage of your bitcoin and buy some ordinals Um, I you know, I've invested in all sorts of shit all sorts of scams all sorts of great things But I don't I really don't like going on and telling people about them because then other people will follow it And I'm okay losing it because I'm managing my portfolio Um, and I'm okay with that and I know other people will come along and say what's the next bitcoin killer? Let me put all my money in that And then they end up getting repped on something and that's the problem Yep, you know what? It's a good way to it's a great way to say it because some people they they look at They'll say like well simon it's bitcoin only and I'm like no he does other things I'm pretty sure so it's good to see that but but the big takeaway here is of course We can't get financial advice from our financial advisors when we talk about these things you can say hey look You know that I've got I've done this for years and years and years I take a very very small percentage and essentially i'm spraying and praying and hopefully this actually works out Like you said I've invested in 100 and 10 worked out and that's kind of like how investing really goes Especially in the super volatile market that we are actually into so everybody out there Like this is some of the reasons why I don't like to talk about the things that I get into because people are like Well rob told me about tomato coin and I got it and didn't really take off I'm sorry. It's just how it is and then uh, of course Great piece there now if you're okay, let's shift gears to a little Celsius talk and before Before we get into that everybody's been asking for this. I understand. I would ask for this too So there's this shirt. I'm wearing everybody can see this right very beautiful beautiful shirt And I wear this happily because I lost this bet And the bitcoin tf was approved, but I would not wear the eye heart just machinzi. It's actually says eye heart Alex ponzi machinsky, which is essentially what is and again low quality t-shirt for a low quality person So let's just break into just a little bit Of the Celsius because Simon you've done some great stuff Especially with the people that have fought through this. I myself have lost six figures But kind of bring us up to speed with the creditors The urn the loans and things like that and also there's a link in the description If you're a Celsius creditor looking to recover your lost ones, I recommend that you go to Simon's website simondixon.com forward slash recovery And find out everything that's going on register Follow him again on his youtube channel. Also on twitter. You can get the best update information, but Simon, I know you've been asked this question tons of times, but can you just give us like a quick update about what's going on? Yeah, I mean, let me give the background and tie the topics together So remember I said about taking a percentage of my bitcoin one of the ideas that I had Is because I was investing in an equity portfolio and I really liked the thought of There was a company called salt lending Where you could borrow against your bitcoin And not pay not pay tax And this is no recommendations. By the way, you know, we we we had extreme A blow up of the whole industry in 2022 and I paid severely As did rock But one of the ideas I had is so we did an equity round and This guy that um is uh, I love meshinsky Um, he committed complete fraud. So in 2020 Um, he this all came out. I didn't know this until it came out in the court filings because now he's September this year. He's going to be facing up to 115 years in prison But uh, he he took over the trailing desk in 2020 and shorted bitcoin And lost about 15 million of client money, which was a big part of the balance sheet at the time And uh, he came to um, a company called tether and myself And we decided to use banks of the future to pull together and allow people To purchase equity and so he pitched it to you know, our technology could be used. I invested myself Um, and he didn't tell us so he just fraudulently didn't tell us that there was a hole in the balance sheet We raised 20 million. Um, he literally did it from his own customers And that wanted to buy his shares So he lost his client's money And then used bank to the future to fraudulently not tell them that he'd lost it and the company was insolvent And then raised the money to fill the hole from his customers by selling shares in his company Then on the on the years after he never gave us any financial statements And went on to lose billions of dollars and withdraw loads of millions tens of millions And created a complete pump and dump scheme with his own token Where he took about 600 million dollars of client money to pump the price of his token So that then he could sell the token And it was a classic Ponzi scheme That all blew up in 2022, but my idea was why don't I take a bit of my bitcoin and rather than sell it Borrow against it So I was experimenting with that and what I wanted to do was figure out how much bitcoin do I put in To generate yield to pay the interest on the loan And it was a really funky, you know tax efficient structure But it was my risk capital as I said so even if it blew up It wasn't going to go too wrong But uh, yeah, basically, uh, I became one of the largest creditors in the Celsius case Um, and that was the history and uh this time last year. I think it was july the 13th 2022 I came on your channel and told everyone the story of what had happened and so We've been in the bankruptcy ever since and uh, it has been a horrific journey But i'm a real financial geek and I learned a lot and kind of hated the process But at the same time learned a lot so um, I just got in this role of Reading over 4 000 documents that were submitted to the court We've had, you know, it the average creditor there was 650 000 people that got scammed in this thing Um, it was, you know, three billion dollars was lost so everyone got Lost half of their money And uh, you know, we are now at the end of the journey and here's what I'd love to do There was so much that happened in that year and a half But in the end and this is a lesson for everybody whether you're a Celsius creditor or not There were there were only two decisions that mattered in the end Um, so first one is uh because I had experience from mount gox and bitfinex Mount gox was a really bad bankruptcy where you only had about 10 percent your bitcoin left Bitfinex was one of the most successful bankruptcy recoveries, uh, we've seen that we we worked on And the reason for it is because we kept the bitcoin so while all the process was going through Um, I lobbied really early to make sure that the the the estate kept the bitcoin and didn't sell it Now ftx block fi they all sold it They sold the bitcoin at the bottom of the market Block fi even sold the bitcoin at the bottom of the market and put it in silicon valley bank which ended up Going bank You know and just these really bad moves and ftx is the same thing So we won that decision Um, there's a really scammy part of so of bankruptcy where when they file bankruptcy If you've got a bitcoin, they no longer owe you a bit. They no longer owe you a bitcoin They owe you a dollar claim based upon the price was at the time But we kept the bitcoin um, so Forward about a year and a half um About year and a half, uh, the price of bitcoin goes up so much that we're almost at the stage We're even though we're only going to get about 25 percent of our bitcoin back We could be made a hundred percent whole because the dollar value at bitcoin Remember what we were talking about valuing in bitcoin. Yeah When you value these claims in bitcoin suddenly you become close to a hundred percent whole Yeah, there's a big problem though I had the experience in uh, so in the mount gox bankruptcy as soon as we hit the point where we're Where the creditors were going to be a hundred percent whole The money then the upside of bitcoin goes to the next class of creditors So you have shareholders you have all these other people you even have michinsky In that list of people And so uh, I had to share with the bankruptcy court The we're messing around with this plan and and the plan was just you know Messing around messing around we spent 350 million dollars Just trying to get out of bankruptcy and resolve all the issues But I presented to the court on the 21st of december I filed a letter and I said if we do not get out of bankruptcy right now They were trying to resolicit the u.s. Government had a claim. They had a 4.7 billion dollar claim They were creating delays saying you need to revote. That's another six months delay It was spending 20 million a month on all these just bureaucracy But I said if we don't get out this will be the first bankruptcy in us history Where our bitcoin upside because we kept it will end up going to the next class The judge took it really seriously Found a way the lawyers found a way and we are now The plan was approved on the 27th of december and what that means is that essentially we're going to get close to 100% of our dollar value back like between 70 and 100% all right bitcoin But because we're getting out before 100% Uh, we get all these different we get to keep our upside on the crypto But we also get to take all the stuff Um that miszynsky purchased with our bitcoin like um 120,000 asin winers And we get some free public equity in a in a in a company And that may drive an additional recovery if we had if we had got above 55,000 bitcoin that would have all gone to someone else and we would literally our bitcoin upside would have gone to someone else So awesome. So awesome because like I I see people in the chats like elizabeth uh french house. I lost everything I'm 67 and uh, I got a friend here at diego Here in potorico. He's like, you know, and he's a young guy He said I put my whole life savings in because it was like a savings account what I thought it was that's what it was Marketed to me by the sales team and of course now here we are so so Here's a question though timelines. What are we looking at here for people to get things back? And I know there's different ones There's like there's different parts for if it's if it's earned versus if it's custody versus if you have loans A thing like that, but what kind of timeframe we're looking at we're looking at q2 Is this kind of rolls out and how's this work? No, so here's what you need to know If you are a Celsius creditor and you are going to receive We're going to get a plan effective date on the 31st of january and there may be a couple of weeks delay give or take But I've been speaking with the Celsius team. We're going to I'm going to push them in that way They're all really committed to go in that way So on the 31st of january, we will know exactly the percentage that you're going to get back And shortly after and I'm talking shortly even on the same day potentially If you're in the u.s. You're going to have a pay you're going to have to open an account with paypal And your crypto is going to be deposited there If you're not from the u.s. You're going to have to have an account with coinbase And your crypto is going to be deposited there if you can't if you don't if you can't open an account with coinbase or paypal Um, then you're going to be sent a dollar check. Unfortunately But um, yeah, but but that's that's what that's going to happen. Now don't panic Um, if you go to that webpage that I told you simon dixon.com forward slash recovery Um, I'll do everything live with you. Uh, there's a membership portal there. It's completely complimentary. It's free Um, and if you want to go really geeky into all the details you can But if all you want to do is join a webinar with me where I'll just be withdrawing my money and show in how I Receive all the other stuff we're entitled to We're entitled to a bunch more stuff over the next two years um, but immediately in february 2024 um, you're going to get you know, approximately 25 percent of your crypto back Um, and uh, if you had stable coins, you're going to be getting like 70 or 80 percent of your value back Um, and so yeah, that's going to happen. So you need to be ready for that And then from there, we'll just share a two-year journey You're going to wake up one day and you'll have some shares in a nasdaq listed company if things go well Um, you'll also have we'll sue mozinski. And uh, if we can get a chunk of mozinski's wealth, you're going to check in the post Um, we're also, you know, we've got a professional fund manager that's going to be managing a bunch of these, uh, you know Matic positions and all these other things that we got Um, so just sit back and relax. You'll get that distribution And put together a plan And uh, you know, we we we got the best we could given the fact that we were scammed And then in september the mozinski trial will happen Um, and we've got we've got the ability to any funds we can recover from the perpetrators of the crimes Um, daniel leon is another one. He was the co-founder. He started a new ai startup with the prime minister's office of israel And uh, we've got a claim against him and nuke who built the tech we've got a claim against him They all withdrew their money and bought their houses and all that stuff Um, we're going to receive all that money Over the over the coming years and every time you get a new check You can buy some bitcoin take a little percentage of it Invest it value your wealth in bitcoin We'll figure out what the recoveries are and we can share the journey together because i'm through I'll be with you till the end Awesome Man simon you i got to tell you if everybody who who doesn't know simon took a lot of When he went on these twitter spaces and he was attacked by Essentially the the sycophants and the people that were really close to the celcius and the mozinski pieces of trash that were out there And he took it and i got to tell you like i am a big believer in stoicism I've never seen somebody take criticism so well Like someone was just calling you like a big you like you're like simon you're just a big You're like well it may be but you know if you look at the facts and i was like oh my god this guy's a saint So simon again, thanks for doing such hard work It really paid off good will happens and of course there is this thing called karma And these things that happen always come back to you so simon i'm glad i know you i'm glad you're my friend All right, awesome. Yeah, i i ended up with um one stalker that i think is going to be with me for the rest of my life and And he turned up on court yesterday I gave a 20 minute speech around how i'm just a complete scammer and Um and everything you know he's been with me this whole journey and then he brings in his other Missionski millions and uh, there's a whole Conspiracy theory that i think was created by missionski's wife where i'm a i was paid by spf in order to take down um celcius and uh short the token And then paid max keizer and corrie clipps dean and mike alfred in order to create loads of fud and then ftx and missionski got fired all because apparently it was my fault And he was a saint all along and everything he did was right and because Missionski got taken away. Everyone now needs to come to me and i stole all the money Um, and yeah, it was it was an interesting journey But that that's like a little fringe group of about five to ten people that I seem to be the the hangover that i get left with. Thank god for twitter blocking. Yeah, well, thank well It's it's the trolls that always allowed us, but thankfully you've got hundreds of thousands of people that uh appreciate and love you So we we're here for you man. So everybody there's some other questions in the comment section We can go through those uh, but just as a reminder i linked simon's website In the description Definitely check this out and i know simon you guys do a bunch of amas regardless You'll do it on sometimes you do it on on twitter. Sometimes you do on youtube Uh, so just follow him here and then also there's a link in the description as well Really follow simon on twitter. I think it's the best location to get like the most up-to-date stuff So yeah, so simon you uh, you got time for like a 10 minute q and a you got to take off Yeah, no, let's do it. Um, but just on the on the website the reason I created that is because um I've made a pact i'm uh off once we're out 31st of january I'm no longer going to use the word celcius And no one's going to see me hosting twitter spaces on celcius And i'm not going to be uploading anything on youtube about celcius. I'm just going to be doing normal content like u-roll Um, but I still want to fulfill my obligations there and share with what i'm doing So in there i'll be doing like little private webinars, but all my followers like literally the the celcius people were grateful Um, but the vast majority of my following are just like please Stop talking about celcius. I don't want to watch another video about this stuff And so I just had to separate that and kind of get back to Um, what people knew me before before I got scammed by majinsky. Perfect. Perfect. I will join you in that one as well I will take my shirt And just make sure I remove it to what it really was. I love trolls All right, everybody So that concludes the part for the news and what's going on simon again Thanks for stopping by we appreciate now We're going to do like a little 10 minute q&a and then we'll go from there and then because who knows what simons got going on so I love simon. I need him now. That sounds like a song coming out from the 80s. Let's see ah michael With this celcius windout will the convenience class get any of the outside or just then the liquid coins Uh, that's a really good question. I did actually ask a team about that but as a Basically anyone that had a small claim relative to other claims like less than $5,000 for some people that were in celcius That's a lot. It's a lot of their savings Um, and so they were going to get 70 locked in Um, but now if the if the recovery goes above 70 percent I don't actually know the answer to that yet, but I will get you the answer because um Uh, you may get a you may get a little bit more with everyone else. Um, so In in yeah follow along and and I'll make sure I get that answer to you, but I it hasn't it's not clear yet Yeah, it's not clear. Well, you know answers come out but I'm pretty happy just with that because like When we had a meet up here in portorico and I saw Diego. I'm like, hey man I just was listening to echo on there's another resource everybody erin benet simon really goes into detail sometimes and he'll tell you he will But erin's got a good good I a good way of like, uh, synthesizing what he's talking about and kind of breaking it down, but um That's another one to the fall when I when I talked to Diego though I'm like, hey as you hear about, you know, it looks like you guys gonna get some things back here in the first quarter He's like, yeah, I'd be kidding me. I'm like, no, no, it actually happened and he said this he goes It was probably simon dixon fighting for us. I'm like, yeah, that's pretty much it All right So let's see anybody have any other questions that mostly it's just a very lovely love simon Isn't that great? Isn't that great when you do things that are kindness of your heart to to to move things back You don't ask for money. You just kind of do it and then it just comes back to your tenfold That's essentially how the universe works. I believe Yeah, I gotta I gotta be, you know I completely agree with that, but you know, I had a lot of money on the line So I was going to do all this work anyway Uh for me, uh, because I I do genuinely want to maximize my investments and when I can help and be useful I will Um, so, you know, I I always like combining self-interest with helping a lot of people along the way Yeah, I wasn't I couldn't do this for FTX because I'm not a creditor and I couldn't sit there doing what I did for Celsius I was I had a crazy idea one time I was gonna I was thinking about buying a claim in FTX and I thought no no no no I don't want another two years of this shit Bitcoin Bitcoin is simple man. You don't need to do anything Um, but yeah, these bankruptcies, uh, they're not for the light-hearted Dude, that's the truth. Um Yeah, and like so so what you said about you know, like you were gonna do it anyhow You were gonna do anyhow But you didn't have to take all the shit that you did in the spaces You didn't have to go through the stocking You didn't have to go through the negativity on twitter and everything else You didn't have to do that. You could have just sat back like I want to get my money back But no, you had to stick your you stuck your neck out You did the hard things and the universe will reward you I truly believe that Let's see. Oh red panda pie Uh, one of the new moderators. Hello panda Uh, I remember a video of rob. He invited a gentleman expert and taxes. I don't know the name But there was a question as a matter of fact in 15 minutes that same expert, uh, shihan chandra sakara He's a cpa that specialized in crypto. We're gonna be talking about things, but Simon, maybe you know this, um The tax I don't know if you know but any tax implications for these These rates that black rock and fidelity and everybody else is charging because I mean, it's pretty low But do are there taxes that people have to pay on those fees? And how's that do you know how that works? Yeah, so, um I firstly I haven't read any of the prospectuses. I've got to be honest with that, but um Normally what happens is there's uh Within the fund the etf They have tax implications as they buy sell and all that type of stuff um, so that's normally rolled into their equation But if you're in terms of your personal taxes Um, it's just like buying a stock or share So you have a cost basis where you started and you have a cost basis where you um exited and the broker that you work Whatever you purchase through um should be able to give you Information in a way that you can share with your tax advisor or do that But just think of it just like a share And then within all these etfs, you know, they have the internal tax implications Um, and they take care of all that and so, uh, you know digging deep into the fees and how they're structured and how they're slightly different Um, it's worth doing if you want to get geeky Um, because they they all are slightly different Gotcha Yeah, and guys, I'll have she on on a little bit. We'll do a recording and I'll let you know when it comes out Here's a question from cat with a k does simon answer questions on his sites or Does he have people helping him? Um, probably like, you know, if you have like a ticket support But I think you do it kind of live on these different shows that you do, right? Yeah, so that particular website, uh, no support because um, it's not a business If you're at bank to the future, we have a whole support team But if you're on the simondixon.com forward slash recovery You can ask questions under every video, but I'm not answering the miss the community that's answering them And there is there is no support because it's not it's not a company. I'm not employing anyone there Yeah, but I do webinars and so you can come on the webinar and just benefit from Everyone else asking questions. Yeah, and then like if you guys are like, well, you know, I missed a question I got a question. Just go over here to Aaron Bennett. Just, uh, you know Aaron I think I'll link him in the description as well, but he's he does break down and has some great Answers and of course, I believe you and Aaron talk every so often in these different spaces. So he probably he's he's mostly up to date I mean Incredibly talented at taking What would take me one to two hours because I'm so into the detail And then he'll just release a video for the tiktok generation in five minutes that explains everything you need to know Yeah, he's really good. He's really good at condensation of information and we'll take it Yeah, and then lastly before we get out of here are rob and simon going to coin bureau live in 2024 simon. Do you want to go back? Oh, yeah, it was rob that invited me in 2023 and we had a blast. So, um Yeah, I'd love to go over the other side of the pond. I'm not too far away from the island man and um Yeah, if if guy wants to have me then uh, then we should do it again. It was fun All right, I'll let you know. Well, it's like he's gonna say no. All right, everybody. So look we we know where to go There's links in the description. We talked about it. It's meticulously follow simon on youtube twitter And then his website to get all the information simon again. Thanks a lot buddy for coming on. We really appreciate this one This one's a great one Awesome, it's always good. Thanks rob. All right. All right, buddy. We'll see you on the next one Thanks for stopping by like and subscribe. Adios Adios