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Bitcoin Crashing? New Report Says Not for Long! | Bitcoin Simply · Simply Bitcoin

• 0:00
  All right, there's no other way to explain what's going on right
• 0:02
  now other than we're living in a simulation.
• 0:05
  Gold and silver shed $10 trillion in market cap in less
• 0:08
  than 72 hours. Gold dumped more than $1000 an
• 0:12
  ounce, and silver fell by more than 35%.
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  But the craziest part is yesterday midday, their fortunes
• 0:19
  change magically, with gold surging 5% back to $1400.00 an
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  ounce, and silver rose 20% from its lows in just 12 hours.
• 0:27
  I never want to hear a gold bug, ever.
• 0:29
  Tell me again that Bitcoin is too volatile.
• 0:31
  Gold and silver are trading like meme stocks right now.
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  And tell me how this makes sense.
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  In the middle of winter, natural gas fell by 21 percent, one of
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  its biggest drawdowns ever. 40% of the nation's smartest
• 0:42
  students are disabled. Giannis went down in Milwaukee.
• 0:45
  And like Gandalf the Gray, Odell has come back to Twitter.
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  Odell the white Donald Trump says that he's helped crypto
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  more than anybody. And there's people out there
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  calling for Bitcoin to fall well below 70K.
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  With Bitcoin having its fourth consecutive down month, one of
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  its worst stretches in history. What is going on?
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  But let me give you a glimmer of hope in the midst of madness.
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  There's a glimmer of hope for Bitcoin.
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  And things aren't looking as good for gold with the business
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  cycle turning with the manufacturing ISM coming in at
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  50 2.6 manufacturing expanded for the first time after
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  contracting for almost 2 years in a row.
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  And Bitcoin is positively correlated with the business
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  cycle that in the US, administering a supply side
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  shock on raw materials and hard assets on the rest of the world.
• 1:27
  Today, I'm going to give you a likely explanation as to why
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  Bitcoin is falling and why golden commodities are about to
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  start to fall. And I'm also going to show you
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  why in moments like these, I zoom out, I look at the big
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  picture. I don't get focused on things in
• 1:39
  the moment and from my perspective, things are still
• 1:42
  bullish for Bitcoin. This is Don to cook with
• 1:44
  Bitcoin. Simply let's go.
• 1:50
  All right, let's start with the positive massive news for
• 1:52
  Bitcoin. The manufacturing ISM number
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  came in at 52.6 versus the expected 48.6, which is the
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  fastest expansion in over four years.
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  After more than two years of straight contraction in the
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  manufacturing sector, we're now seeing a business cycle turn,
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  which means investors and people are now confident in the growth
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  prospects America. And in terms of Bitcoin, there's
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  diehard Maximus out there that have correlated the business
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  cycle with bitcoins price showing that clearly when the
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  business cycle turns, so does Bitcoin.
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  When businesses are optimistic, Bitcoin grows and right now
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  business is a booming. Why?
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  Because of things like these like Trump in the United States
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  reaching a deal with India, they're going to lower tariffs
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  from 25% to 18%. India is committing to buy over
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  $500 billion worth of goods from the United States and they're
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  not buying oil from Russia. What about Apple producing all
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  of their iPhone chips in America?
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  19 billion chips. To make 19 billion chips for
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  Apple in 24 factories across 12 different states.
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  This is bullish for America. You don't lower inflation by
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  decreasing demand, but by increasing supply.
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  And that's exactly what's happening around the world.
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  This supply side boom is what's causing people all across the
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  globe to not believe that inflation is going to be sticky
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  moving forward. And this spells doom for both
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  silver and for gold. Economist Stephen Moore joins me
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  now. I want to talk markets for a
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  second. Why the big sell off?
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  First of all, gold and silver a sell off over the weekend.
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  Bitcoin a sell off over the last couple of months, which has
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  taken it from, well, I don't know where to all the way down
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  to 77. Why the sell off?
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  Well, this is just speculation, Stewart, But first of all, I
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  think that the new incoming Fed chairman, Kevin Walsh, is a
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  spectacular pick. He's an inflation hawk.
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  I think he will return us to sound money and increase
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  affordability. And look, one of the reasons
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  that the gold price and the silver price went up is that,
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  you know, people buy gold and silver as a rush to safety and A
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  and a hedge against inflation. But if you think inflation is
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  going to be tame, then guess what?
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  You don't need to buy gold and silver.
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  So that is my hypothesis. I don't have the evidence of
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  that. But it is clear that this new
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  Fed chairman is going to be, I think, excellent.
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  I think he's going to hold inflation down.
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  We're going to make the dollar strong again.
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  And if the dollar is strong, then guess what?
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  The gold price typically goes down.
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  I don't follow Stephen Moore, but I agree with his take.
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  Inflation is projected to go down and not up, and we're
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  looking at more of a deflationary economy than an
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  inflationary economy. Gold and silver are a doom and
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  gloom trade. When inflation fears go up,
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  well, their purchasing power goes up.
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  But the purchasing power, sort of like equity in your home, is
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  only good on paper until you actually cash it in.
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  But here's the problem with silver and gold.
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  You can't actually cash it in. That's the difference between a
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  pet rock and real technology I. Know a guy right now trying to
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  get rid of like 10,000 pieces to silver.
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  He can't really, he can't get a real offer on it.
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  Everybody. He's getting a 30% discount
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  below the market. Damn.
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  Like this is this is people see it just spiking up like this and
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  they're like, Oh my God, gold's at 100.
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  Go try to sell a fucking shit load of gold.
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  Go to go try to sell $10 million where the gold a day and watch
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  what happens. You're going to have offers 20
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  and 30% below market because you want to sell your gold.
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  Now you're showing your hand, putting your flag up.
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  Say surrender. I want my 100 bucks.
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  You're not going to get $100 for your gold, not in scale.
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  I mean, you're not going to get it not you're not going to get
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  it tomorrow. Yeah, much less than 5 minutes
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  Gold, same thing. It's got to go get it
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  authenticated. It's got to get validated.
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  It's got to get dude, there's a lot of fake gold.
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  OK, then then somebody's going to have to pay you the money and
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  then you got to get it out of storage.
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  OK, the Bitcoin, the Bitcoin there's a real thing.
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  So right, I can have it tomorrow, I can trade it back to
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  you. 5 minutes like that. That to me is real because
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  Bitcoin to me is not just money, it is technology.
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  UN unlike gold or silver or even paper stocks.
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  OK paper stocks is a technology like but they can just keep
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  printing the paper forever. I don't agree with Grant Cardone
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  on a lot, but I do agree with him here.
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  Bitcoin plays well in a deflationary thesis on the world
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  of improving technology, improving productivity, and
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  improving hope in the business economy.
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  And with where things are in America, I am more bullish on
• 6:09
  Bitcoin than I have been in the past with things like the
• 6:12
  Clarity Act under the works and soon to be it completed
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  according to not only Donald Trump but Scott Besson, who I
• 6:18
  actually trust a little more. Here's the latest remarks from
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  the president on where crypto is going.
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  Crypto is a big thing and they like it.
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  A lot of people like it. The people behind me like it.
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  My sons are handling that, my family is handling it, and I
• 6:33
  guess they get investments from different people, but I'm not.
• 6:35
  I have all I can handle right now with Iran and with Russia
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  and Ukraine and with all the things we're doing.
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  So I don't know. I don't know exactly other than,
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  you know, I'm a big crypto person.
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  I'm the one that probably helped crypto more than anybody because
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  I believe in it. And the reason I believe in it
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  is because if we don't do it, Scott, I think we can say then
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  China's going to do it. If we don't do crypto, then
• 6:58
  China's going to do it. And it's just like AI.
• 7:01
  We're leading AI by a lot, and if we weren't leading, China
• 7:04
  would have led. You know, they're very capable,
• 7:06
  they're very good. What do you have to say about
• 7:09
  that? You've made America the digital
• 7:11
  asset capital of the world. We did the genius act for stable
• 7:15
  coins. Many of the people standing up
• 7:17
  here working on the clarity bill to I don't.
• 7:20
  Think it's. Market structure and we're
• 7:23
  bringing US best practices to an exciting the new industry,
• 7:28
  digital assets innovation and IT spreads.
• 7:31
  Everywhere, I believe when the Clarity Act comes out, there's
• 7:33
  going to be a lot more products that come out because there's
• 7:35
  going to be a lot more clarity on what's possible.
• 7:37
  And one of the things that's clear right now is that you
• 7:39
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• 7:42
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  about half of what you could get for a credit card.
• 8:15
  Oh, Speaking of me trusting Scott Besant more than I do the
• 8:18
  president, here's what he had to say about us getting our
• 8:21
  sovereignty back, Sir. As you always say, economic
• 8:24
  security is national security and a country does not have
• 8:27
  sovereignty if we don't have control of our critical
• 8:30
  minerals, don't have control of our steel production and our
• 8:33
  industrial base. And thanks to the work of
• 8:35
  everyone here through your leadership, this was a public
• 8:39
  private partnership that only you could have assembled.
• 8:43
  And we are taking back our sovereignty and we are going to
• 8:47
  have this vault project, a strategic and mineral reserve.
• 8:52
  And I can't tell you the how innovative and exciting this is
• 8:57
  and the level of security it is going to give us going forward
• 9:00
  is phenomenal. One of the ways that you can get
• 9:03
  your sovereignty back is by working with a coach at The
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  Bitcoin Way. They'll help you to unlock
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  maximal sovereignty by allowing you to run a Bitcoin node and
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  becoming your own bank, having your own keys and your own
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  wallet, and doing so privately, safely, securely and
• 9:17
  confidently. Schedule a free 30 minute
• 9:18
  consultation with the team at thebitcoinway.com/simply
• 9:22
  Bitcoin. On days like these, I like to
• 9:24
  take a step back, understand that I'm not looking at Bitcoin
• 9:27
  in a five year, five month or five week range, but a 10 year,
• 9:31
  20 year range. And what I know to be true
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  aligns with some of the thoughts that Matt Hogan, the CIO from
• 9:36
  Bitwise, says here. The structural elements are in
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  place for there to be continued debasement and continued money
• 9:41
  printing. Bitcoin is a 30X investment at
• 9:44
  worse in 100 X investment when you look at the history and how
• 9:48
  these things have played out in the past.
• 9:49
  You said Bitcoin could trade in the millions of dollars, right?
• 9:52
  Millions, easy. You actually wrote, you think
• 9:55
  that one Bitcoin might be worth $6.5 million in the next 20
• 9:58
  years. I mean, that's obviously like
• 10:00
  not an exact number, but you have a thesis or logic for that.
• 10:03
  Most people say, Matt, I thought you were a wise dude, but
• 10:07
  sounding a bit crazy here. So you say, you say 1 Bitcoin
• 10:09
  might be worth $6.5 million in the next 20 years.
• 10:12
  How do you get to that number? All you need to get to that
• 10:15
  number is for the store value market to 10X again, as a
• 10:19
  discussed it 10X over the last 20 years.
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  All you're expecting is that that process to continue.
• 10:24
  It will 10X again, and you expect Bitcoin to come to be
• 10:27
  roughly as large as gold. If those two things happen, you
• 10:29
  end up with six plus $1,000,000 Bitcoin.
• 10:32
  That's not a big jump. You're not suggesting a huge
• 10:35
  difference, you're just suggesting what's been happening
• 10:37
  will continue to happen for another 20 years.
• 10:39
  How? Could you be wrong on that?
• 10:41
  Well, you could be wrong on it in two ways.
• 10:43
  You have two bets. You could be wrong on each of
• 10:44
  those bets. Gold could not cede market share
• 10:48
  to Bitcoin. Now that runs again most of
• 10:50
  history like most of modern history is digital things
• 10:53
  stealing market share from physical things.
• 10:55
  But you could be wrong on that. Gold could vacuum U all of that
• 10:58
  opportunity or you could have the store value market not
• 11:02
  continue to grow. And the primary reason for that
• 11:05
  is if government started stopped printing debt and printing
• 11:08
  money. I'm just very skeptical.
• 11:09
  I don't think is that possible. It's impossible, it's
• 11:12
  impossible. It's it seems to be impossible.
• 11:14
  It seems to be impossible. It's not impossible.
• 11:16
  You see it in some places. We've seen it in Argentina
• 11:18
  recently. They went on a true austerity
• 11:21
  bent. It's not impossible, but it
• 11:22
  looks impossible in the current system where the impetus just
• 11:26
  seems to be spending more money. And that's part of the reason
• 11:29
  you want to do this. And what if I'm wrong by half?
• 11:31
  What if it gets to 3 million and it's to 30X?
• 11:34
  That's actually not so bad. Either So on days like these, I
• 11:37
  sit back, I turn on the DCA like check man, he says here.
• 11:40
  And I relax because I understand whether it's a deflationary boom
• 11:44
  or an inflationary bust, Bitcoin is going to tell us exactly
• 11:46
  where things are going. And the latest print on the
• 11:49
  business manufacturing cycle has me bullish on confidence coming
• 11:53
  back to the private sector. And that is spelled well for
• 11:55
  Bitcoin at every other moment in the past.
• 11:57
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• 12:00
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  to get started today. Thanks for rocking with me
• 12:22
  everybody, This is Dante Cook with Bitcoin.
• 12:24
  Simply, I do believe that a structural change is happening
• 12:27
  as inflation fears are calming all across the globe, as more
• 12:30
  countries reach tariff agreements, as more investment
• 12:33
  gets poured into United States and as the supply side shot
• 12:35
  comes in. Well, this actually diminishes
• 12:38
  the purchasing power of gold and silver.
• 12:40
  Don't get caught in the euphoria.
• 12:42
  Understand what's happening underneath of the surface and
• 12:44
  make wise decisions. Zoom out and look at the bigger
• 12:47
  picture. This is not to Coco Bitcoin,
• 12:48
  simply happy stacking.