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Bitcoin Goes Mainstream: Why $500K Is Closer Than You Think! | Simply Originals · Simply Bitcoin

0:00
Do you honestly think Bitcoins move to 123 K was the bull run?
0:05
What do you think it's over? Well, I got news for you, that
0:08
was just a park at the moon, a signal that the crazy train to
0:13
500K in the next 12 months is about to leave the station.
0:17
Bitcoin is right on schedule and it's about to be unleashed as a
0:21
medium of exchange. Thanks to Jack Dorsey in Square,
0:24
who also just happened to enter the S&P 500.
0:28
We've got block. Formerly known as Square,
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they're joining the S&P 500 before today's opening.
0:33
Boat's been on. Quite a run.
0:35
Since folks learned of that. It's replacing Hess.
0:39
In the benchmark. Index after Hess was acquired by
0:42
Chevron. We are literally now on a crazy
0:44
train toward Bitcoin as everyday money and at the same time we
0:50
have never been closer to ending the Fed.
0:53
Do you understand what is happening?
0:55
Adam back just out stacked the president.
0:59
Sit down, strap in and buckle up those chin straps because we're
1:02
ending the Fed and going to $1,000,000 and we're doing it
1:06
for Ozzy. This is just the start of this
1:14
bull run. This is a pretty bold statement.
1:17
How would you back it up? Well, if you break down the
1:21
inflation rate, the real inflation rate and you peg it to
1:25
something real like eggs, you get 11% annually.
1:29
So if you apply that to the previous all time high in 2021,
1:34
that takes us to somewhere around 100101K.
1:38
So you know, that's kind of the floor that's just keeping up
1:42
with inflation. That's Bitcoin just keeping up
1:44
with inflation, so 120KA130K. That means you're beating
1:50
inflation by 20% / a four year period or a 30% / a four year
1:56
period, which is not really spectacular.
1:59
So I think we have a lot of room to run.
2:01
The bull market has legs and I think we can go probably
2:06
anywhere up to 500,000 to 1,000,000 in the next 12 months
2:11
because this is also a delayed market movement too.
2:16
If you think about it, we should have ran already.
2:20
We should already have been at 200,000 a coin and we're still
2:24
at 1:00. 20 Oh, but not for long and big news for Bitcoin
2:27
adoption on Main Street Merchants across America can now
2:31
accept instant Bitcoin payments thanks to the Lightning network
2:35
with the same point of sale tech they're already using.
2:38
No new hardware, no friction, just ZAP paid in sats or
2:42
dollars, your choice. That means means over 4 million
2:45
merchants will soon be able to take Bitcoin like it's just
2:48
another payment method, but without the fraud chargebacks or
2:52
three days settlement headaches. And here's the cherry on top we
2:55
showed you in the intro block. Jack Dorsey's Bitcoin first
2:58
company behind Square is officially joining the S&P 500.
3:03
That's right, Bitcoin infrastructure is literally
3:06
entering the index that tracks the American economy.
3:09
Hey Fiat Bros, y'all better buckle up.
3:12
All you have to do is look at the first page of the white
3:13
paper, which I encourage everyone to do, which is it only
3:17
sought out to solve one problem, which is verifying that there's
3:23
no double spending. You're not spending twice
3:26
without having to rely upon a third party.
3:29
Like it literally is just how do we transmit money without having
3:34
to rely on a Visa or MasterCard or bank to tell us that this was
3:39
not a double transaction. That was it.
3:41
That was the innovation and the title of the white paper is
3:45
electronic peer-to-peer cash. Like that was the dream.
3:50
That was the intention and it was supposed to be a way to
3:54
transmit money protocol for the Internet to transmit money
3:57
anywhere without a visa or MasterCard or a bank or any
4:01
gatekeeper whatsoever. And it's become, and it's not
4:06
like, you know, I, I think the true Bitcoiners dream is still
4:09
that it's money, but it's become this like digital gold
4:13
narrative, which I think is important because like, if it's
4:16
valuable, more people want to work on it.
4:18
And you can think of Bitcoin like you would in equity or an
4:22
asset. And if I make it better than
4:23
that asset goes up and I can, you know, convert it to whatever
4:28
I need or, or just, you know, give it to merchants to pay for
4:32
food for my family, you know, anything I need to, to do until
4:36
it's widely, you know, dramatically accepted.
4:39
But it all goes back to that core concept of like the
4:42
Internet needs a native currency.
4:44
It needs an open protocol for money transmission.
4:48
Otherwise we're reliant upon a Visa, MasterCard, A Stripe, a
4:53
Square. You know, all these companies
4:56
and you have to get permission from them to use them.
4:58
And I just don't think that's fair for something as
5:01
fundamental as money. And I also don't think it's fair
5:05
for something fundamental in speech, which is where Nostra
5:08
comes in. Speaking of Fiat Bros, you guys
5:10
ever wonder what Thomas Jefferson would think if he saw
5:13
Clown World Today $4? Wasn't this?
5:19
$3 yesterday withdrawal fee. Why must I pay to access my own
5:27
money? I just graduated.
5:31
With 100. $20,000 in student debt.
5:33
Debt for learning. What kind of sicko society is
5:36
this? the Fed injects another $1
5:38
trillion into the economy. You can't just print it.
5:41
That's. Not money, that's.
5:42
Madness. Thomas Jefferson, is that you?
5:47
Why the would you take the dollar?
5:49
Off the gold. Standard I work so hard for us
5:52
to have hard money. Nothing stops this train.
5:59
How do I get on that? Train.
6:00
Well, there you go. The legend knows there's no
6:03
stopping this train and so does our orange president of today.
6:07
Probably why he's trying to front run his own strategic
6:10
Bitcoin reserve, becoming the 5th largest Bitcoin treasury
6:13
company. Well, for like 10 minutes until
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Adam back said hold my beer Mr. President and stacked 30,000
6:20
Bitcoin. Yeah, they call him Adam Speck.
6:24
He is the one who backs everything and they're not
6:27
stopping at 30,000 Bitcoin, they've only just begun.
6:32
Yeah, I would agree with that. I mean, I think that there are
6:33
going to be just a couple winners here.
6:35
I think that BSTR will be one of the winners.
6:38
We're showing up with a bulldozer and a permit to clear
6:40
cut Bitcoin. We're going to, you know, open
6:42
up in the fourth spot and we think that we will very quickly
6:45
slingshot into #2 that's our mission.
6:48
We're really trying to create a fortress like environment for
6:52
our Bitcoin and really trying to position ourselves of the
6:54
Berkshire Hathaway of the Bitcoin ecosystem.
6:57
How what do you mean by that? Like like do you mean by going
7:00
and then buying other companies that are in the space and and
7:03
running them yourself the way that?
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Warren. Berkshire Hathaway is done.
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Yeah, I think there's a great arbitrage here.
7:10
We can issue debt at 1%, We can buy Bitcoin and then, you know,
7:14
as Bitcoin appreciates, we naturally delever our balance
7:17
sheet. So I think that's a really
7:19
unique capability that Bitcoin treasuries have access to that
7:22
other companies don't. I think that you'll see over
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time that, you know, you can build a treasury that will
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become the preferred counterparty to a lot of the
7:31
financial companies out there. So if you think about who do you
7:34
want to face as a finance company or as a bank, if you
7:37
need a Bitcoin revolver, we want to make sure that BSTR is the
7:41
counterpoint, counterparty of choice.
7:43
You have like 30 seconds left here, but this was the first
7:45
press release ever ever read with the word OG in it right?
7:49
You said that the commitments that have come in were from long
7:52
time Bitcoin O GS. Who are they?
7:56
Adam Back is probably the OG of the O GS.
7:58
You know, he is the person that Satoshi reached out to when he
8:01
wanted to cite Adam's work for the hash cash as you guys know,
8:05
the proof of work algorithms that secure the Bitcoin
8:08
blockchain. So we have kind of the original
8:10
patient zero of the Bitcoin ecosystem.
8:13
So we, we're, we're very excited about what we're building.
8:16
We think that we got kind of unique access to O GS in the
8:19
space and we can unlock Bitcoin that's not currently on
8:22
exchanges, but you know, very in very large quantities.
8:26
Sean, come back. That's Sean Bell, Chief
8:28
Investment Officer at Bitcoin Standard Treasury Company.
8:31
Certainly and. It really sounds like they're
8:33
not around and I can guarantee Adam Back only has one chair in
8:38
his house and he's all in on it. Now I'm asking you, are you all
8:41
in on the chair? But when you go all in on
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something, I would say that does take.
8:47
Conviction. Now your conviction.
8:48
How many chairs are you sitting on right now?
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1. Are you all in on the chair?
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I am all in on the chair. Like like the the point really
8:58
is you put on one pair of glasses, you've got one pair of
9:02
of air pods right now you're looking at me through one
9:05
screen. You're using one microphone.
9:08
That's A1 microphone. Like you trust it is that
9:12
conviction seems kind of scary. Why don't you diversify?
9:16
Why don't you use 10 microphones?
9:17
The point really is things in your life, did you drive in 10
9:21
cars at the same time or one car at one time?
9:24
Do you drive down one St. Aren't you afraid that you're
9:27
driving down one street? Do you take a different way?
9:31
You know? So my point really is if you're
9:36
an, you get A1 airplane, are you convicted?
9:39
You put your entire family in the one airplane?
9:40
Aren't you afraid, ultimately, if you're a rational individual?
9:47
Do you use when you use knives? Do you have copper knives,
9:51
wooden knives, steel knives, aluminum knives, rubber band
9:56
knives, diamond knives? Because you're afraid to commit
10:00
to the right knife. It's a.
10:02
It's a tool. Well, if you're all in on this
10:07
chair, it's probably time to get your money out now.
10:10
Just days after being referred to the DOJ for criminal charges
10:13
of perjury, Jerome Powell spoke yesterday.
10:16
What went down? Are we ending the Fed?
10:19
We're about to bring it home. But before we do, look at our
10:22
likes 3 or 4 times maybe. I'll pump those numbers up.
10:25
Those are rookie numbers in this.
10:26
Racket, Hey, don't forget to like, subscribe and give us a
10:28
pan while we take a moment to recognize our sponsors powering
10:32
this show over at the Bitcoin Way.
10:34
Let me make it simple, you either own Bitcoin or someone
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11:02
notes. My friends, are you lost and
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stacking friends. Who stacks SAT's today?
11:37
Good morning to everyone and welcome to the Federal Reserve
11:39
Board. I'm very pleased, though not
11:42
surprised, to see such great interest in the topic of today's
11:45
conference, the integrated review of the capital framework
11:48
for large banks. And I want to thank Vice Chair
11:51
for Supervision Bowman for having the great idea of holding
11:55
this event at the outset of her term.
11:58
I'd also like to thank Fed staff for their tireless work in
12:01
putting the conference together. So today we'll hear the
12:05
perspectives of industry veterans, academics, and current
12:09
and former policy makers who are all well versed in the
12:12
operations of large banks and the main pillars of the Capital
12:15
Framework. A great benefit of this
12:18
conference is the chance to consider all elements of the
12:20
Capital Framework in concert, rather than look at each in
12:24
isolation. We need to ensure that all the
12:27
different pieces of the Capital Framework work together
12:30
effectively. Doing so will help maintain a
12:33
safe, sound and efficient banking system for the benefit
12:36
of the people we serve. the US Bank Capital Framework includes
12:41
risk based capital requirements, leverage requirements, the
12:44
surcharge for the largest and most complex banks, and the
12:47
stress test. We will discuss the status of
12:50
each of those elements and the road ahead in a comprehensive
12:53
manner. Today, as this audience will
12:55
know well, we have proposals outstanding or in the works
12:59
across all four areas. Our regulatory capital framework
13:03
and all banking rules are implemented through supervision,
13:07
an area where Vice Chair for Supervision Bowman brings deep
13:09
experience as a former banker and state supervisor.
13:13
As she has noted, we need to make sure that our supervisory
13:16
practices focus on the critical areas that determine safety and
13:20
soundness. We need our large banks to be
13:23
well capitalized and to manage their key risks well.
13:27
And we need large banks to be free to compete with one
13:30
another, with non bank financial institutions and with banks in
13:34
other jurisdictions to provide capital and support economic
13:37
growth. the Fed is a dynamic institution.
13:41
We're open to hearing new ideas and feedback on how to improve
13:45
the capital framework for large banks.
13:47
And I look forward to hearing from today's participants.
13:50
Thanks again to all of you for joining us today.
13:52
Thank you. Well, Jay Powell spoke 2
14:05
minutes, no rate update. No word on the DOJ when we know
14:09
Representative Annapolina Luna sent criminal referrals to the
14:13
DOJ accusing Powell of perjury just days ago.
14:17
Not a conspiracy theory, a real letter to the attorney General.
14:21
And we know Trump's been floating Powell's early removal,
14:24
calls for resignation, replacement shortlist, tweets
14:27
from Fed insiders saying it's coming.
14:30
Even Treasury Secretary Scott Besson hinted that the process
14:34
has begun. The DOJ hasn't announced
14:37
charges. Trump isn't firing him yet.
14:40
Powell isn't resigning yet. But the political heat is real
14:44
and the silence deafening. Next key date, July 29th and
14:47
30th, the Fed's next FOMC meeting.
14:50
If Powell is still in his seat by then, this probably blows
14:54
over. If he's gone before that.
14:56
Today was the calm before the storm.
14:59
And regardless, Powell is packing his bags in eight
15:02
months. And regardless, it looks like
15:04
cuts are coming in 2025, with Trump's race to a full 3 point
15:08
cut accelerating in 2026. We really haven't seen anything
15:12
yet. And that's why the next 12
15:14
months could be some of the most insane we've ever seen.
15:17
Makes you wonder what happens after we hit a million people.
15:21
Who look at this and are saying, oh, well, once it gets to a
15:25
million, I'm going to sell and I'm going to take some massive,
15:29
you know, returns. They don't.
15:32
What they're really saying is they have no clue what's
15:34
actually playing out here. Because if this.
15:36
If if this goes to a million, it's going to 10 million, it's
15:40
going to 100 million, it's going to look like a Zimbabwe note of
15:44
100 trillion units. And that's what I think.
15:52
If you think it's just going to go up to 500,000 and then it's
15:54
going to kind of stop there. And that's kind of like where
15:57
it, where it ends. And like that's the end of
15:59
Bitcoin. It's now, you know, stabilized
16:02
at 500,000. You really do not understand
16:04
like what's playing out here. And, and I think the higher that
16:08
you go like that, the more, the more aggressive the bid is
16:13
actually going to get and, and kind of get away from legacy
16:17
policy makers and people controlling currencies, Fiat
16:22
currencies as, as we know them now.
16:24
When, when does that happen? I don't know when that happens.
16:27
I don't know if it's this cycle, next cycle or whatever.
16:30
I, I don't know. But people that are that are
16:33
suggesting that Bitcoin is going to have smaller and smaller
16:37
returns into the future, I think are getting duped a little bit
16:42
as to like what kind of plays out in the middle of that S
16:45
curve. I I think that's what's
16:48
happening with with those kind of ideas and comments.
16:54
We're going to a million for Ozzy.
16:56
Damn it. I don't know if you've truly
16:58
experienced life until running out of a tunnel on Friday night
17:02
to absolutely annihilate someone with crazy train blaring through
17:06
the speakers. Absolutely nothing like it.
17:08
Thanks for everything, Ozzy, you legend.
17:11
Oh crap, it's only four months until mining Disrupt 2025.
17:15
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17:21
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17:28
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17:39
Be there, be left behind. Grab those tickets today.
17:41
Come see Simply Bitcoin on the news desk and don't forget to
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17:49
Be no more tears in Valhalla. Hey, hope you guys enjoyed this
17:53
one. Don't forget to like subscribe
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time. If you.
18:04
Prefer to go down with the ship.