The Charlie Kirk Show - Are Crypto Bros A 2024 Swing Vote?

00:00:00.000 Hey everybody, Trump as the crypto president.

00:00:02.000 That's right, Christopher Alexander joins us.

00:00:04.000 And then Kurt Schlichter joins the program to talk about his new book as we dive into the Hunter Biden news.

00:00:09.000 And also, should we fight fire with fire?

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00:00:26.000 Charlie, what you've done is incredible here.

00:00:28.000 Maybe Charlie Kirk is on the college campuses.

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00:01:24.000 They are counting on your surrender.

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00:02:47.000 Kurt Schlichter is with us.

00:02:48.000 Kurt, I want your reaction to Hunter Biden now being a convicted felon.

00:02:54.000 Apparently, that is the worst thing someone can be.

00:02:58.000 Your reaction, Kurt.

00:03:00.000 Well, look, I mean, he was convicted of a crime that's actually a crime with evidence that's actually evidence.

00:03:07.000 And man, boy, it really took the DOJ a while to do this.

00:03:13.000 They did not want to do it.

00:03:15.000 But once they did, he was convicted and he should have been.

00:03:19.000 But Charlie, the interesting part is, I think he's got, and I'm not alone, I think he's got very viable appellate issues that could get this whole conviction thrown out.

00:03:31.000 Yeah, so again, or Biden could just end up pardoning his son.

00:03:36.000 Your thoughts, Kurt, though, on the unequal application of justice.

00:03:40.000 Here I have the Marco Polo report, which is: if I were to read some of this on air, I would lose my radio license or show it.

00:03:49.000 I mean, this makes Pornhub look like Coco Melon.

00:03:54.000 Yeah, there, look, I'm getting very, very tired of the unequal justice here. 0.96

00:03:59.000 If you go and destroy the statues of American heroes all the while screaming about murdering the Jews, nothing's going to happen to you.

00:04:09.000 If you leave a skin mark on a pride flag that somebody decided to paint in the middle of the street, well, that's a felony.

00:04:16.000 It is unsustainable.

00:04:18.000 It is good that Hunter Biden was convicted because if you or I had lied on a gun form, you or I would be convicted.

00:04:28.000 When we talk about retribution and revenge in terms of Donald Trump taking office, what we're really talking about is applying whatever the new norms are equally.

00:04:37.000 And we are not talking about inventing crimes or making them up.

00:04:42.000 What we're talking about is the new norms where you don't give a pass to political opponents because to prosecute them on something that's iffy, as opposed to very clear, like the Hunter Biden conviction, it hurts the system.

00:04:57.000 Well, we decide we'd rather hurt our enemies even if it costs hurting the system.

00:05:03.000 So that's the new rule.

00:05:04.000 I don't like the new rule.

00:05:05.000 I was against it.

00:05:06.000 I think you were against it too.

00:05:09.000 But I don't unilaterally disarm.

00:05:11.000 So maybe after a little while, we can come back and go back to the old rules, or maybe we can just continue to go the way we are.

00:05:20.000 But either way, they're going to get what they give us, period.

00:05:24.000 Yeah.

00:05:24.000 And so, and Kurt, you've said, and it's one of your best quotes, you said, listen, there's a gun on the table, and only one side gets the gun, the left or the right.

00:05:35.000 Can you walk us through this metaphor?

00:05:38.000 And it seems as if that some people on the right, they would rather lose honorably and give the metaphorical gun to the left.

00:05:45.000 Look, the left is willing to use not only the power it has under the normal rules and norms, but any power it can take.

00:05:58.000 And the problem is there are a lot of conservatives out there who would rather lose than win.

00:06:05.000 We're not guaranteed victory if we fight back.

00:06:09.000 We are guaranteed defeat if we do not.

00:06:12.000 I'm under no moral obligation to become less free because of somebody else's principles, and I refuse to.

00:06:19.000 I'm an American citizen.

00:06:21.000 I will be treated equally, and I will do whatever it takes to ensure that I am treated equally under the law and that my rights are preserved.

00:06:31.000 That's not open to debate.

00:06:33.000 And that's what the scorers of Donald Trump are really talking about.

00:06:37.000 When they talk about revenge, what they're really talking about is having the same rules applied to them.

00:06:42.000 And here's the problem, Charlie.

00:06:43.000 We are not talking about inventing crimes or bearing false witness or being a corrupt judge, all things specifically called out in the Bible, by the way.

00:06:54.000 We're not talking about doing any of that.

00:06:57.000 We are talking about aggressively using the law, where in the past, we would have been more circumspect about it.

00:07:06.000 And I think circumspection is often a good idea.

00:07:11.000 But, you know, I was outvoted on that.

00:07:13.000 They decided to create a new rule, and now they're going to get it good and hard because there is no way they will ever change back unless they suffer the consequences of their decisions.

00:07:26.000 We are not obligated to lose because of principles.

00:07:29.000 If you have a principle, Charlie, that makes you less free.

00:07:33.000 I submit it's a bad principle and you should stop doing it.

00:07:36.000 So, Kurt, it's important to remember they got Trump on a novel legal theory they've never used before.

00:07:42.000 So, I just want, here's a couple of good questions to ask the relatives in your life, which is they say, how many was it?

00:07:50.000 35 felonies, 47, what is it, 35 felonies, 47, whatever counts?

00:07:55.000 34.

00:07:56.000 So ask a liberal in your life, what are the 34 felonies?

00:08:01.000 Yes.

00:08:02.000 Exactly.

00:08:03.000 I mean, look, if you need a process, an engineering process diagram to explain what the crime is.

00:08:12.000 And I've been a lawyer for 30 years, Charlie.

00:08:13.000 I'm a pretty good lawyer, you know, asked around among some conservative folks.

00:08:18.000 I do a pretty good job of it.

00:08:19.000 I don't understand exactly what the crime is supposed to be.

00:08:22.000 And I cannot count the errors I saw in that trial.

00:08:29.000 When you're prosecuting a public figure, you want a case like the Hunter Biden case, where you have very clear wrongdoing.

00:08:38.000 Leave the appellate issues aside, very clear wrongdoing and very clear evidence about it.

00:08:43.000 You don't want to have to stretch it, massage it.

00:08:47.000 They did that with Bob O'Donnell in Virginia.

00:08:50.000 They did that with Tom DeLay.

00:08:51.000 They did that with...

00:08:52.000 And it got overturned unanimously at the Supreme Court. 0.92

00:08:55.000 And Jack Smith is the lunatic that was pushing it. 0.87

00:09:00.000 Exactly. 0.98

00:09:01.000 And Jack Smith's doing the same thing with these ridiculous alleged crimes in D.C., Florida, and Atlanta.

00:09:08.000 Fortunately, Judge Cannon in Florida is acting like a federal judge typically does, in my experience, which is, no, you're going to do it right and you're going to do it my way.

00:09:20.000 And that's how it's going to be.

00:09:24.000 I think that one gets bossed.

00:09:25.000 And I think the others get ost on appeal, assuming there's a conviction down the road if they even get that far.

00:09:32.000 But look, you can't have a system where it's essentially legal mad libs, where you kind of fill in the blank.

00:09:42.000 If you're going to prosecute a political opponent, it has to be absolutely clear-cut and the evidence has to be unequivocal.

00:09:50.000 And none of that was true in this New York City abomination.

00:09:55.000 So, Kurt, and it's important also to remember the statute of limitations is a tradition that we have passed down.

00:10:03.000 So, the government can't do politicized biased crimes unnecessarily long in your past.

00:10:11.000 This is important.

00:10:12.000 So, statute limitations is such a vital part of our common law.

00:10:16.000 Yes.

00:10:17.000 Essentially, a statute of limitations says you have X number of years from the date of the crime to file charges.

00:10:27.000 Now, there are a couple of classic offenses that don't have a statute of limitations.

00:10:31.000 Murder typically does not have a statute of limitations, but all the others do.

00:10:36.000 And why?

00:10:37.000 Why is that?

00:10:38.000 Because memory fade.

00:10:40.000 Evidence goes away.

00:10:41.000 You had Donald Trump. 0.74

00:10:42.000 They revitalized the civil statute of limitations for this ridiculous sexual assault case in New York City.

00:10:51.000 How is Donald Trump supposed to go back and come up with evidence about what happened 34 years ago?

00:10:57.000 Hell, the woman couldn't even tell you where it was or how it happened or when it happened.

00:11:03.000 So this is the central reason you have a statute of limitations.

00:11:06.000 This is the kicker.

00:11:07.000 So people don't know this.

00:11:09.000 On his way out, Governor Andrew Cuomo signed into law an extension of the statute of limitations because of COVID, the only state to do it.

00:11:19.000 So now the statute of limitations in New York is six years and 47 days.

00:11:24.000 Whereas if Cuomo would not have signed that bill into law, Alvin Bragg would have expired the statute of limitations.

00:11:31.000 Even worse, he upgraded things from a misdemeanor to a felony to fit into Andrew Cuomo.

00:11:37.000 So, and you know this, Kurt, it's almost always five years.

00:11:40.000 Five years for non-capital offenses.

00:11:42.000 That is federal, state, almost always, almost no exceptions.

00:11:45.000 And they twisted just the statute issue so in such an unprecedented way.

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00:12:55.000 Kurt Schlichter continues to us.

00:12:57.000 Kurt, can you just close the thought here?

00:12:59.000 Andrew Cuomo signs into law.

00:13:01.000 This is a lesser reported element of this.

00:13:03.000 Under the typical standard operating procedure, it's five years, signed, sealed, and delivered, period.

00:13:09.000 Yet it was six years and 47 days just for Donald Trump.

00:13:13.000 Kurt Schlichter.

00:13:14.000 Look, if you rewrite the rules to reopen cases that have gone dormant, that's, I mean, that's the real problem.

00:13:23.000 But you know, Charlie, it's also a real opportunity because a lot of the statute limitations on the Russia gate stuff has faded.

00:13:31.000 The statute of limitations on a lot of the COVID lies have lapsed on a lot of the lies to Congress that the Democrat witnesses and Democrat officials have given.

00:13:44.000 I see huge opportunities here by revitalizing the statute of limitations on crimes that we select in order to get our political enemies.

00:13:52.000 Now, make no mistake.

00:13:53.000 I think this is a bad policy, but apparently the people making the rules have decided it's a good policy.

00:14:02.000 So perhaps we ought to use the new rules.

00:14:05.000 If we only had people on our side that was willing to willing to enforce the law, Kurt, help me understand.

00:14:13.000 I'm going to have you play a little, let's just say, TV psychologist here.

00:14:18.000 Help me understand the psychology of Republican attorneys general, of Republican DAs.

00:14:26.000 And I wrote down what you said because I thought it was noteworthy.

00:14:29.000 Republicans on our side would rather lose than win.

00:14:32.000 Where does that come from?

00:14:34.000 The kind of pseudo-suicidal behavior of the Republican Party.

00:14:40.000 A lot of them put the institutions first.

00:14:43.000 For instance, we saw Jeff Sessions go in and he put Trump's first Secretary General.

00:14:48.000 He was a guy who grew up in the Department of Justice and he went in and his priority was the institution of the Department of Justice rather than its objective, the justice.

00:14:58.000 Look, Charlie, it's hard to fight for what's right.

00:15:02.000 It's easy to just go along and pretend that this system works, to default to the idea that everything is hunky-dory.

00:15:11.000 Well, everything's not hunky-dory.

00:15:13.000 We have a broken system.

00:15:15.000 We have broken institutions.

00:15:17.000 We have institutions that have been inherited by cultural trust fund babies who didn't build them, didn't fight for them, don't care about them, and use them only for their personal gain instead of what the institutions are meant to be for.

00:15:31.000 And it is bizarre that you have these Republicans who don't want to go and, you know, have justice done.

00:15:42.000 Look, when did Republicans become opposed to punishment?

00:15:47.000 I thought we were, you break the law, you go to jail, kind of folks, but you've got so many of these Republicans out there, Charlie, who want to give a pass to Democrats because OMA principles and the norms.

00:16:01.000 When did we stop punishing wrongdoing?

00:16:05.000 The Democrats have been doing criminal things, have been doing things that are wrong, and I think they need to be held accountable.

00:16:14.000 When did that make me not a Republican?

00:16:17.000 At the best reading, I think that there is this fear that if we start to enforce the law, we become the Soviet Union.

00:16:25.000 Hey, pal, we are the Soviet Union.

00:16:27.000 Okay.

00:16:28.000 So I don't quite.

00:16:30.000 I'll just give you a great example.

00:16:31.000 The Attorney General of Alabama, Steve Marshall, nice guy.

00:16:34.000 I've texted with him before. 0.99

00:16:35.000 He's completely useless. 0.94

00:16:37.000 The Southern Poverty Law Center is headquartered in Montgomery, Alabama. 0.96

00:16:42.000 They could do an open investigation.

00:16:43.000 By the way, we have publicly reported instances of lots of issues with the SPLC.

00:16:49.000 You know the SPLC, Kurt.

00:16:50.000 They have $400 million.

00:16:52.000 They're incredibly powerful.

00:16:53.000 In Deep Red Alabama, you want to talk about jurisdiction.

00:16:56.000 You have a super highway to go into one of the left's most cherished nonprofits.

00:17:00.000 He's done nothing.

00:17:02.000 New York created an NRA war room to destroy the National Rifle Association, and they did quite a heck of a job, to be honest.

00:17:09.000 They have significantly weakened the NRA.

00:17:12.000 And I can go piece by piece.

00:17:13.000 No indictments of BLM, no indictments of the Antifa folks.

00:17:16.000 I think you're absolutely right.

00:17:18.000 I think it is time that we start investigating crimes wherever they lie.

00:17:23.000 And the problem for the Democrats is they're actually criminals.

00:17:27.000 We have to be framed.

00:17:28.000 Donald Trump had to be framed because he didn't break any law in any sense that we understand the law or any sense that the American experience understands law. 1.00

00:17:41.000 But the Democrats, they're a bunch of corrupt criminals. 1.00

00:17:44.000 Just look at Biden. 1.00

00:17:46.000 Kurt Schlichter, check out his book, The Attack.

00:17:49.000 Excellent commentary here, Kurt.

00:17:51.000 If we don't fight fire with fire, we will not have a civilization.

00:17:54.000 Period.

00:17:55.000 That's right.

00:17:56.000 Thank you so much.

00:17:57.000 Thanks for having me, Charlie.

00:18:00.000 Hey, everybody, Charlie Kirk here.

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00:19:03.000 Really exciting about this guest here.

00:19:05.000 Joining us now is Christopher Alexander.

00:19:07.000 He's a crypto expert and chief analytics officer at the Pioneer Development Group.

00:19:13.000 Christopher, welcome to the program.

00:19:15.000 Christopher, I'm very pro-crypto, and I'm thrilled that President Trump is embracing the crypto movement.

00:19:22.000 Let's just take this back to elementary basics.

00:19:25.000 Explain to our audience what is cryptocurrency and what is the significance it has in this new digital era.

00:19:32.000 Sure.

00:19:33.000 So cryptocurrencies are built on technology that's considered or known as blockchain technology.

00:19:39.000 The simplest way to think about it is this.

00:19:41.000 You can timeshare your car, you can timeshare your home.

00:19:44.000 Well, cryptocurrency allows you to timeshare your computer and then you receive a digital reward, a token, a currency that you can exchange for using your computer's processing power.

00:19:55.000 It gets more complex as we move out, but that's the core idea.

00:19:59.000 So there's been a lot of chatter about Bitcoin, Ripple, all sorts of different types of cryptocurrencies in recent years.

00:20:08.000 Explain to us the stakes of why.

00:20:12.000 crypto is so hated by certain people in the government and certain people in big finance and big banks.

00:20:22.000 Sure.

00:20:23.000 Well, you start at the philosophical level.

00:20:26.000 And, you know, since what, the Renaissance or before that, the elites have controlled what?

00:20:32.000 Government, banking, and art, right?

00:20:35.000 And so I think that's part of why you see this NFT vitriol, right?

00:20:39.000 Someone pays a couple hundred grand for a banana taped to a canvas at Art Basel in Miami.

00:20:47.000 It's great. 0.88

00:20:47.000 Someone buys a Bourdé token. 0.88

00:20:49.000 It's terrible.

00:20:49.000 So I think there's sort of an existential threat to the gateways of power for elites.

00:20:55.000 And then more specifically, you don't charge fees for banks.

00:21:00.000 You can send money all year long, even in Christmas with crypto.

00:21:04.000 It's a better form of finance overall once they work out a few of the kinks since it's a new technology. 0.82

00:21:12.000 And so it's just a threat across the board. 0.98

00:21:14.000 Now, for the SEC, they have this kind of creeping authoritarianism where they're trying to control this with all sorts of regulation by enforcement.

00:21:25.000 And I think the threat to Wall Street and the threat to banking drives the SEC to be very defensive on the democratic side.

00:21:35.000 Yeah.

00:21:36.000 So again, I'm very pro-crypto because decentralized currency, I think, is incredibly empowering for tens of millions of Americans that are losing faith in the dollar.

00:21:46.000 Bitcoin is now $66,000 per coin, which is unbelievable when you think about it.

00:21:54.000 And it's directly, in my opinion, it is connected with people losing faith in traditional monetary systems, such as the US dollar or the Euro.

00:22:05.000 And so their assets will then go to something they trust and there's only a finite supply.

00:22:10.000 Explain to our audience, and then I want to get into the politics of it.

00:22:14.000 Explain to our audience why Bitcoin, there's only so many Bitcoins by whomever designed Bitcoin.

00:22:21.000 Was it Shitashi, Shatoshi or something?

00:22:24.000 Satoshi Nakamoto.

00:22:25.000 Yeah, okay.

00:22:25.000 So that was off the top of my head.

00:22:29.000 The way he designed it or she was it was by definition inflation proof because it becomes more energy intensive the more coins you try to mine.

00:22:39.000 Explain.

00:22:40.000 Sure.

00:22:40.000 Or they, and I mean they have the traditional use.

00:22:43.000 Then it may be a group of people.

00:22:44.000 No, that's correct.

00:22:45.000 But it could have been a group.

00:22:46.000 That's right.

00:22:47.000 Yeah, people talk about that.

00:22:48.000 It's one reason I bring that up.

00:22:49.000 But so there's a limited amount of Bitcoin that can ever be mined.

00:22:54.000 And in fact, I think we're down to the few final percentage points.

00:22:59.000 I think there's like 3, 4% of all the Bitcoin left that can be mined now.

00:23:03.000 So it creates a demand side pressure.

00:23:09.000 And well, it creates a supply side pressure.

00:23:11.000 And then demand moves over time.

00:23:14.000 So the idea was that it would get harder and harder to mine the currency.

00:23:19.000 And that would take more high-performance computing power and it would take more electricity.

00:23:23.000 And this actually goes all the way back to Henry Ford talking about electricity being a form of currency in the, I think, the 20s.

00:23:31.000 So the idea was that you would have high performance computing power and electricity used to secure the blockchain and protect this network that the currency moved through.

00:23:41.000 So you have a built-in scarcity by design that also includes, by the way, with the mining of it.

00:23:48.000 So you have to run this high performance computing power, and then you solve a block and you get a certain amount of coins.

00:23:55.000 Well, that coin amount drops every four years.

00:23:58.000 So what that means is there's a constant drive to innovate.

00:24:02.000 That is to find more efficient electricity sources, to use less electricity to mine, and to develop more powerful computing.

00:24:11.000 Capability, and what the Democrats have done is they've attacked high performance computing.

00:24:16.000 They've attacked bitcoin, saying there's an environmental problem, but in reality, what's happening is bitcoin is working to solve these problems with these built-in pressures.

00:24:25.000 I, I love it.

00:24:26.000 So let's now talk.

00:24:28.000 What is Cbdc central bank digital currency?

00:24:32.000 So a Cbdc is uh, essentially uh but, by the way, the same people who say bitcoin isn't money, Ethereum isn't money, say that a Cbdc is money yeah, which is kind of ironic, inherently contradictory.

00:24:46.000 So yeah yeah um, I mean, are you ultimately uh?

00:24:50.000 All three versions are uh.

00:24:52.000 You know whether it's fiat uh, bitcoin or Cbdc, they're kind of faith-based currencies.

00:24:56.000 At this point right, none of them are are trading against a gold reserve or anything like that.

00:25:01.000 It's people's confidence in it, just as you, as you brought up, people are becoming discouraged in elite institutions and they're moving their money to other places, but a Cbdc is an official government currency and um, the concern on the kind of libertarian and civil rights side and, by the way, this should not be a bipartisan issue or, and Republicans as well as libertarians, of course um, but you can restrict it.

00:25:26.000 So, for example, you would have these yeah, this digital coin in your wallet, just like you'd have money in your bank account but the government could say, uh, you know we don't like your search history, so we're going to restrict your ability to spend your own money in your wallet because you could program a CBDC to do that.

00:25:41.000 Or we're going to freeze your account, or we're not going to let you spend it on certain things that we think are, as the Soviets call them, counter-revolutionary activities.

00:25:50.000 So that's what makes them very, very troubling. 0.86

00:25:54.000 And the even bigger sort of specter out on the horizon is BRICS. 0.67

00:25:58.000 And BRICS is talking about creating some form of a basket currency, potentially a CBDC so that they can circumvent Swift.

00:26:07.000 The BRICS countries are tired of U.S. hegemony in finance.

00:26:12.000 They don't like what they saw with sanctions over the past, eight to 10 years.

00:26:18.000 And this may actually be a way to skirt it.

00:26:20.000 So ultimately, a CBDC is an official government currency, and there are a lot of civil rights risks associated with it.

00:26:27.000 So when Donald Trump says he's against a CBDC, that is saying that he does not believe that the federal government should create a central bank digital currency.

00:26:37.000 Is that correct?

00:26:38.000 Absolutely.

00:26:40.000 I'm certain that his chief crypto advisors explained to him the inherent risks.

00:26:45.000 I mean, it's Operation Chokepoint from the Obama administration on steroids.

00:26:51.000 So has Biden come out on stating his opinion on the central bank digital currency?

00:26:58.000 You know, I think he's signaled that he's still interested in it.

00:27:03.000 It's one of the few pieces of legislation that there wasn't like an immediate veto threat on.

00:27:09.000 I'm sure they see the value of a currency that fits into the Biden administration's approach to having more centralized government, centralized control.

00:27:19.000 So it would make sense.

00:27:21.000 Honestly, he's too busy defending SEC overregulation when a bipartisan bill goes up to him that he vetoes the staff accounting bullets in 21 for the SEC or threatening to veto the FIT21 Act, which finally gave rules to industry and promoted innovation.

00:27:37.000 I mean, he's busy undoing or blocking all sorts of things.

00:27:41.000 And I think that's his priority supporting the CBDC.

00:27:43.000 So, can you talk about how many Americans care about the crypto issue?

00:27:50.000 How many Americans own some form of cryptocurrency?

00:27:53.000 Yeah, this is pretty amazing.

00:27:54.000 A poll just came out that refined these numbers.

00:27:57.000 So, basically, 19%, just slightly under one in five Americans, owns a cryptocurrency.

00:28:03.000 What's particularly interesting about this is you are split between Republicans and Democrats.

00:28:09.000 You have a significant number, overrepresentation of African Americans and Hispanics, and you have an overrepresentation of people with college degrees.

00:28:20.000 And so, what I think is so fascinating about the Trump campaign strategy here is those are three areas that they wanted to do better in.

00:28:27.000 So, when it comes down to the number of registered voters that own crypto, I saw an interesting stat.

00:28:33.000 I think it was 11% of registered voters hold more than $1,000 in cryptocurrency.

00:28:40.000 And that's more than enough to tip the balance in a given state in an election.

00:28:45.000 And what is the age demographic of individuals that typically own cryptocurrency?

00:28:51.000 About 18 to 34.

00:28:54.000 It skews younger, which is kind of a fourth pillar that really strengthens the Trump campaign.

00:28:59.000 So, when President Trump says he'll be the crypto president, that is in great contrast with what the big banks or what the government would want.

00:29:08.000 And it's very, very good for the American economy.

00:29:11.000 Your thoughts, please, Christopher.

00:29:12.000 It is.

00:29:13.000 And actually, he's kind of opening up a new front, I think, in the next week or two.

00:29:16.000 He's going to a big event and he's a crypto mining, Bitcoin mining event.

00:29:21.000 And he's going to be having a, I think they're calling it a presidential Bitcoin mining roundtable.

00:29:26.000 And this is really a problem for the Biden administration because they've been pushing talking points that mining Bitcoin is damaging the environment for about two years now.

00:29:35.000 Of course, because this is the one thing.

00:29:39.000 If you are pro-crypto, not only should you be pro-Trump for the crypto stuff, how are you going to be able to get the BTUs necessary to mine your coins?

00:29:49.000 You think a bunch of solar and wind is going to get that?

00:29:53.000 No, you need hydroelectric, you need nuclear, and most importantly, you need good old petroleum fossil fuels to power your ambitious goals to get the next Dogecoins.

00:30:06.000 You might have heard Mike Lindell and MyPillow no longer have the support of their box stores or shopping channels the way they used to.

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00:31:03.000 Talk about how energy intensive creating a coin is and why the green agenda is inherently at odds with the needs to mine cryptocurrency effectively.

00:31:17.000 Sure.

00:31:18.000 And actually, there's a bright spot here.

00:31:21.000 You know, you mentioned using fossil fuels and natural gas spun into electricity, burning the methane out of it is a huge opportunity for Bitcoin mining.

00:31:30.000 And there is a ton of flare gas.

00:31:32.000 So, you know, the left is even wrong there in their approach to it.

00:31:39.000 There's a lot of waste, flared gas that's going up in the atmosphere.

00:31:43.000 The methane is terrible.

00:31:45.000 The Inflation Reduction Act has billions, tens of billions dedicated to it.

00:31:51.000 And you could go right down to Texas and Oklahoma and a few places and basin.

00:31:56.000 They have methane.

00:31:57.000 The best way to explain it is that it's like the fizz that comes out after you open a can of Coke, meaning it just, it comes up naturally and there's no real use for it unless.

00:32:07.000 unless you're trying to undermine crypto.

00:32:10.000 And so now how does that work?

00:32:11.000 So this, this is really interesting, even when we talk to oil and gas producers.

00:32:15.000 So in the past, so to back up, right, high performance computing, Bitcoin, AI, uses a lot of electricity.

00:32:23.000 Roughly the industry standard to produce a single Bitcoin, it takes about $20,000, sometimes more worth of electricity to produce a Bitcoin, assuming Bitcoin's around like 60,000.

00:32:37.000 So what happens is the more people that mine, the more difficult it is to solve a block, right?

00:32:43.000 That's encryption.

00:32:44.000 That's why it's called crypto.

00:32:45.000 And so the more the computers have to work.

00:32:49.000 So it burns a lot of electricity, just like AI does.

00:32:53.000 And there's been since about 2022, the Democrats have had these talking points attacking crypto, saying it's incredibly wasteful.

00:33:00.000 The fact is, with Bitcoin in particular, it focuses on innovation.

00:33:07.000 So the idea is to use less electricity, get better at high performance computing.

00:33:12.000 And that's like the way NASA used to contribute technology, right?

00:33:16.000 So you solve these problems like Formula One does, and then they work their way to other industries.

00:33:22.000 So Bitcoin has that opportunity, which is why it's such a problem when they're attacking Bitcoin mining, because Bitcoin mining is high performance computing innovation in this country.

00:33:30.000 And it's something that should have been tied to the CHIPS Act more closely.

00:33:33.000 It can benefit from it, but it just speaks to this problem.

00:33:36.000 But specifically, you take a trailer of about 40-foot trailer.

00:33:42.000 You put 100 to 300 of these mining machines called ASICs in.

00:33:47.000 And you can go to a natural gas site.

00:33:49.000 You can go to a garbage dump.

00:33:50.000 You can go wind, solar is really difficult.

00:33:54.000 It just doesn't produce enough electricity.

00:33:56.000 And you can plug up right there on site.

00:33:58.000 It's a very small footprint.

00:34:00.000 And now you're able to mine.

00:34:01.000 And I think you're looking at about a megawatt to a megawatt and a half of power that's consumed by this 40-foot trailer.

00:34:09.000 And that can be as much as a city of 50,000 people in a day.

00:34:12.000 So it uses a lot of power, but there's a ton of waste energy lying around that we can take advantage of.

00:34:20.000 And at the end of the day, it's promoting American innovation.

00:34:23.000 So in closing here, Christopher, let's talk about just the brass politics.

00:34:26.000 In your world of crypto, of people you know, have you seen individuals that were either Trump skeptic or Trump opposed that have moved to Trump sympathetic or Trump supportive because of his embrace of crypto?

00:34:39.000 I have.

00:34:39.000 And it's a little anecdotal, but Twitter crypto or Twitter X is a pretty good place to get the barometer because a lot of the big influencers and movers and shakers in the industry like to comment there.

00:34:53.000 And I was astounded after the verdict, the number of people that said, you know, that's it.

00:34:57.000 I'm donating.

00:34:59.000 And I think that's really, really significant for two reasons.

00:35:02.000 One, you know, there was some reporting that just came out that they're struggling both campaigns on smaller donations.

00:35:08.000 And so being able to unleash the power of the crypto community, both the high value donors and the average person, it's a whole new frontier.

00:35:18.000 I think for the average crypto person, they've watched this regulation by enforcement from the SEC, arbitrary enforcement of rules, kind of a form of lawfare.

00:35:28.000 And then they're seeing this lawfare against President Trump and they really empathize and they recognize it.

00:35:35.000 And I think it has pushed a lot of people who maybe were on the sidelines and just said, I'm going to sit this one out.

00:35:43.000 Definitely independents, some Democrats and Republicans that were maybe never Trumpers are definitely letergized by it.

00:35:51.000 Christopher, you know your stuff.

00:35:53.000 You're welcome back anytime.

00:35:54.000 I'm a huge crypto believer because we at the people need to take back control of our money.

00:36:00.000 The government should not have a monopoly on money.

00:36:02.000 They've abused that monopoly.

00:36:04.000 They are inflating our currency.

00:36:05.000 Take back control of your money.

00:36:07.000 Cryptocurrency is a great option.

00:36:08.000 Thank you so much, Christopher.

00:36:10.000 Thank you.

00:36:13.000 Thanks so much for listening.

00:36:14.000 Everybody, email us as always, freedom at charliekirk.com.

00:36:16.000 Thanks so much for listening and God bless.

00:36:21.000 For more on many of these stories and news you can trust, go to CharlieKirk.com.

The Charlie Kirk Show - June 11, 2024

Are Crypto Bros A 2024 Swing Vote?

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