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Did Silver Just Confirm Exponential Gains for Bitcoin?! | Bitcoin Simply · Simply Bitcoin

• 0:00
  What does President Trump's latest alleged lawsuit against
• 0:02
  Jerome Powell have anything to do with Bitcoin?
• 0:04
  What does Australia's digital ID verification just for using a
• 0:08
  search engine have to do with Bitcoin?
• 0:10
  What does Tehran's civil unrest have to do with Bitcoin?
• 0:14
  What does Ross Stevens annual letter have to do with Bitcoin?
• 0:17
  What do 1982 pennies and 1964 Dimes have to do with Bitcoin?
• 0:23
  All of these things are seemingly disconnected, but when
• 0:25
  you look at them closely, they're all pulling on one
• 0:27
  single thread. We are all a part of a system
• 0:30
  that is on its last leg and that is collapsing.
• 0:32
  I'm going to breakdown what all of these disparate things mean
• 0:35
  and what they mean for Bitcoin. This is Dante Cook of Bitcoin.
• 0:38
  Simply, Let's go. In Tehran, people are lining the
• 0:45
  streets protesting to their government because their
• 0:47
  currency is collapsed. It's collapsed to the point to
• 0:50
  where they can't even afford basic necessities for everyday
• 0:53
  life. Just yesterday they protested
• 0:54
  for a second straight day because it now takes 1.42
• 0:58
  million Iranian rials for just $1.00.
• 1:01
  How can you survive in a world where literally 20 years ago it
• 1:05
  was 70 Iranian rials to $1.00? Now, do you understand why the
• 1:09
  Iranian government was paying citizens to rat out people who
• 1:12
  were bit mining just a few months ago?
• 1:14
  People don't understand that for some, Bitcoin is a luxury,
• 1:17
  mainly Americans and Westerners. And for some, like people in
• 1:20
  Iran right now, it's a lifeline. It wasn't about excess energy
• 1:24
  usage. It was a means of control.
• 1:26
  Ross Stevens wrote about this privilege in his annual letter.
• 1:29
  He says that 87% of humans today were born into a system without
• 1:33
  a reserve currency. Simply put, the Atlantic
• 1:35
  editors, people he's talking about kind of fake fictitious
• 1:38
  people. Our editors who use money is not
• 1:41
  the same way that the people around the world use money.
• 1:43
  If Bitcoin has no use case, perhaps the Atlantic editor
• 1:46
  should convert their entire life savings into Malawian kwacha and
• 1:50
  see how it goes. An Iranian human rights civil
• 1:53
  activist says I can't use Apple Pay, PayPal, Visa, MasterCard or
• 1:56
  anything like them. I'm from Iran, I can use
• 1:59
  Bitcoin. The same thing is happening
• 2:01
  here, just at a slower pace. Our currency isn't collapsing
• 2:04
  44% overnight, but it is collapsing 99% / 40 years.
• 2:09
  Let me give you these examples. The 1982 penny had enough copper
• 2:13
  in it that it's now worth 3 cents, or triple the value.
• 2:16
  The 1964 dime had enough silver in it that that dime is now
• 2:19
  worth $5.25. Literally almost getting to the
• 2:23
  point where you can have a minimum wages worth of value in
• 2:27
  a single dime. When your government doesn't
• 2:29
  value your labor, your energy, your work, your savings, this is
• 2:32
  what happens. Inevitably, this is where
• 2:34
  inflation comes from, and the United States is the only group
• 2:37
  on the planet capable and able to create inflation for everyone
• 2:40
  else around the world. I always go back to this Milton
• 2:43
  Freeman clip whenever I'm thinking about this.
• 2:45
  But it comes down to the same thing.
• 2:47
  Inflation is made in Washington because only Washington can
• 2:50
  create money, and any other attribution of two other groups
• 2:55
  of inflation is wrong. Consumers don't produce it.
• 3:04
  Producers don't produce it. The trade unions don't produce
• 3:08
  it. Foreign sheiks don't produce it.
• 3:11
  Oil imports don't produce it. What produces it is too much
• 3:16
  government spending and too much government creation of money and
• 3:19
  nothing else. Yes, Sir.
• 3:21
  You are paying the government whenever they have taxes in
• 3:24
  excess of what the value that they bring to their citizens or
• 3:27
  whenever they create money. And this Trump quote highlights
• 3:30
  for me, even though it is petty and we all know that Trump is
• 3:32
  petty, it highlights for me exactly what goes on when the
• 3:35
  government doesn't value your dollar the same way that you do.
• 3:39
  You have excess spending and waste.
• 3:40
  And This is why President President Trump is considering a
• 3:42
  lawsuit against Drone Powell for gross incompetence.
• 3:45
  We're thinking about bringing a suit against Powell for
• 3:47
  incompetence because think of it, these are two, these aren't
• 3:51
  outstanding buildings. These are small buildings, he
• 3:54
  said. 4 billion more. It's going to end up costing
• 3:56
  more than $4 billion, Four billion.
• 3:59
  It's the highest price of construction.
• 4:03
  Again, Democrats, highest price of construction per square foot
• 4:07
  in the history of the world. There's never been gorgeous
• 4:11
  monuments are built for a much smaller price.
• 4:14
  The system is so corrupt that even people in Washington know
• 4:17
  and understand what's going on and they're positioning
• 4:20
  themselves for the future of this.
• 4:22
  It's unfortunately so corrupt that the politicians are front
• 4:25
  running the trades they know will happen.
• 4:26
  Take Dave McCormick as an example.
• 4:28
  He's purchased $1.6 million worth of Bitcoin since entering
• 4:32
  Congress. It now controls 42% of his
• 4:34
  portfolio and unfortunately if you look at Nancy Pelosi or even
• 4:37
  people like him who have a salary of less than 200,000
• 4:40
  dollars a year but somehow have net worths worth of 10s of
• 4:43
  millions of dollars, they front run trades because they know
• 4:46
  what's happening and This is why you need to protect yourself
• 4:48
  with superior stores of value in asset classes like Bitcoin.
• 4:51
  Before we go any further in the show and connect the last few
• 4:54
  dots, let's thank our sponsors. Lenin has been the leader in
• 4:56
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• 5:00
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• 5:03
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• 5:44
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• 5:47
  One of the ways that people are benefiting from this recent run
• 5:49
  up in silver and gold is that they've been holding silver and
• 5:51
  gold in physical custody and storage.
• 5:54
  Well, did you know that you can do the same thing with Bitcoin?
• 5:56
  Yes, you can hold the keys to your Bitcoin yourself, just
• 5:59
  without a vault collecting dust and moth and rust.
• 6:02
  You can learn how to do this privately, safely and securely
• 6:05
  by scheduling a free 30 minute meeting with the team at the
• 6:07
  Bitcoin way. Members of the team will walk
• 6:09
  you through how to do this safe, safely, confidently and
• 6:11
  securely. Don't wait to become fully
• 6:13
  sovereign. Yesterday Silver extended its
• 6:16
  monster year to going up 185%, its greatest year to date
• 6:20
  increase since 1979. And what this shows me is that
• 6:23
  people who said that Bitcoin can have exponential price runs are
• 6:26
  wrong. These asset classes are much
• 6:28
  bigger and much greater in value than even Bitcoin.
• 6:31
  And when they can run up 80%, ninety percent, 100%, you have
• 6:35
  to understand that the same thing is possible for a $1.7
• 6:37
  trillion asset class who hasn't experiences digital squeeze yet.
• 6:41
  And when you look at the M2 money supply growth, Bitcoin is
• 6:44
  a hedge against excess money creation and it is good for the
• 6:47
  dollar over time. If you actually hold Bitcoin
• 6:50
  because as you know with the Iranian real or holding a dime
• 6:53
  or silver is that your dollar in value will be debased against
• 6:57
  hard currency. Listen to Coinbase CEO talk
• 7:00
  about this phenomenon. By the way, Bitcoin in an
• 7:02
  indirect way is helping the dollar.
• 7:04
  People sometimes say, well, isn't Bitcoin a threat to the
• 7:06
  dollar? I would say it provides a check
• 7:09
  and balance on the dollar in the sense of if there's too much
• 7:12
  deficit spending or inflation in the US, people will flee to
• 7:16
  Bitcoin in times of uncertainty. So democracies around the world,
• 7:21
  including the United States, as I'm sure you're aware, they are
• 7:23
  trying to figure out how to fix deficit spending, right?
• 7:26
  The incentives are just not aligned to actually balance the
• 7:29
  budget. And it might be OK to have two
• 7:31
  to 3% inflation if the economy is growing 2 to 3%.
• 7:34
  But if your inflation outstrips the growth of the economy,
• 7:38
  you'll eventually lose the reserve currency status.
• 7:41
  And that would be a massive blow to the United States and China
• 7:44
  of these other superpowers are coming in trying to compete for
• 7:46
  that over time. So I actually think in a strange
• 7:49
  way, Bitcoin is helping extend the American experiment.
• 7:53
  Let me leave you some toxic ideas about why we Bitcoin other
• 7:56
  than price. Let's go to Australia, the beta
• 7:59
  test for mass surveillance across the world outside of
• 8:02
  China. Well, we all know the under 16
• 8:04
  social media ban will come into place next month, but do you
• 8:08
  know what else is coming in for Aussie adults?
• 8:10
  As of December 27, Australians will be forced to upload
• 8:14
  government issue IDs every time they search the web while
• 8:17
  they're logged in. Google, Bing, it doesn't matter.
• 8:20
  No ID, no search. Now the reasoning is protecting
• 8:23
  kids from adult content. No doubt that principle has
• 8:26
  benefit. We all want to keep our children
• 8:28
  safe. The reality though, some critics
• 8:30
  say, is a full scale experiment in digital control.
• 8:34
  Mandatory ID uploads for all users, teenagers, seniors,
• 8:37
  everyone. Facial recognition or digital ID
• 8:40
  linking is the quote convenient alternative.
• 8:43
  Just two days ago, December 27th, they implemented a rule
• 8:47
  that says that you have to enter your ID every time that you you
• 8:50
  search online. This is absolute insanity.
• 8:53
  The same thing is going to happen when you spend money on
• 8:56
  places that the government doesn't deem acceptable.
• 8:59
  Are you going to have a means, a currency, something that you can
• 9:02
  do to combat this overreach from your government?
• 9:05
  This is why people Bitcoin beyond the price.
• 9:08
  You have to understand this if you're new to Bitcoin.
• 9:10
  Going back to this clip from Thomas Jefferson, he says the
• 9:13
  banks will deprive people of all property until their children
• 9:16
  wake up homeless on the continent their fathers
• 9:18
  conquered. The issuing power should be
• 9:19
  taken from the banks and restore to the people to whom it
• 9:22
  properly belongs until there's a sly roundabout way that we can
• 9:25
  actually remove power from government and from banks.
• 9:28
  Well, this is the inevitable conclusion of what happens in
• 9:31
  every society across the world since the beginning of Fiat
• 9:35
  creation of currency. The whole system is unwinding
• 9:38
  and that's why all of these little different threads that I
• 9:40
  was pulling on today actually are linked together.
• 9:42
  These are all signs of a system that does not work anymore.
• 9:46
  And you have to understand what's going in and start
• 9:48
  positioning yourself for a digital ID and verification
• 9:51
  system, for a system where your currency collapses, a system
• 9:53
  that rewards people for ratting you out for using a system
• 9:56
  that's alternative to what they're implementing.
• 9:58
  A system where governments don't have control over their currency
• 10:01
  and where politicians front run the system from the inside.
• 10:04
  Encryption with a limited supply is a great defense of government
• 10:07
  overreach and against a broken monetary system.
• 10:10
  Before we go and we end this episode, I do want to leave you
• 10:12
  with one last call out for Laura.
• 10:14
  I'm only going to be talking about this one more time.
• 10:16
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• 10:19
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  bourbon that resembles a gold, if you know what I'm talking
• 10:25
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• 10:27
  This was actually a project assembled for one of John
• 10:30
  Wayne's son. It's a single barrel.
• 10:32
  It's an incredible testament to bit corners, but also an
• 10:34
  incredible testament to a moment that happened in 2021 between
• 10:37
  Laura Shin and Michael Saylor where he said if you have the
• 10:40
  superior acid, it's going up forever.
• 10:41
  Laura, this is a bottle of Laura.
• 10:43
  This is 1/3 having protocol edition and we're going to be
• 10:45
  making more. Go to laurabourbon.com if you're
• 10:48
  interested in learning more, but this is the last that I'm going
• 10:50
  to do for it before the end of the year.
• 10:52
  One of the last shot outs that I'm also going to do if you need
• 10:55
  to get right with your taxes is think about ways that you can
• 10:58
  depreciate assets against your income.
• 11:01
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• 11:04
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• 11:10
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• 11:39
  Thanks for rocking with me for 2025.
• 11:42
  This is the last episode of the year, and this is Dante Cook
• 11:44
  with Bitcoin simply if you haven't already done so
• 11:46
  subscribe to the channel. We thank you for appreciating it
• 11:49
  and getting one game with alpha that you can't get anywhere
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  else. For the last time of the year,
• 11:54
  this is down to Cook with Bitcoin.
• 11:55
  Simply happy stacking.