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Why is Bitcoin STUCK at $90K?! (This Explains Everything) | Bitcoin Simply · Simply Bitcoin

• 0:00
  Some would say that Bitcoin has been.
• 0:01
  Perpetually stuck in the 90s like our parents.
• 0:04
  All right, Sorry Boomer, sometimes I'm a little rough on
• 0:06
  y'all one. Reason for this might be because
• 0:08
  Bitcoin is bracing for a market drop.
• 0:11
  Ahead of an announcement on December. 18th Japan is going to
• 0:14
  raise interest rate. 75. Basis points, the last.
• 0:17
  Time they did this, Bitcoin dumped. 20% in 12 hours.
• 0:20
  But it could be manipulation too.
• 0:22
  It seems kind of odd that every time we.
• 0:23
  Have a 2 to 3%. Bump in bitcoins price we see
• 0:26
  the amount go down by two. To 3%.
• 0:28
  In the following 24. Every day.
• 0:31
  Bitcoin has been dumping 2. To 3%.
• 0:33
  At market open like clockwork. And some people.
• 0:35
  Are pointing towards Jane St., a classic market manipulator.
• 0:39
  Who actually owns? One of the.
• 0:40
  Largest positions. In ibit they.
• 0:42
  Dump the price at the. Open, reenter lower and buy
• 0:45
  Bitcoin at a discount. This same firm has literally
• 0:47
  been banned from the Indian stock market exchange for
• 0:50
  manipulating. Prices Regulators.
• 0:52
  Are seizing. Almost a billion dollars for
• 0:54
  manipulating. Securities is Jane.
• 0:56
  Street behind bitcoins price stagnation.
• 0:58
  CIO Jeffrey Parker. Pro Cap.
• 1:00
  Financial has another. Opinion, he's saying.
• 1:02
  It's partly. Due to Bitcoin Ogs and I bid
• 1:05
  options. Others.
• 1:06
  Say it's because we're heading into a midterm election.
• 1:08
  So the question is, is this normal market mechanics?
• 1:11
  Or is this? Market manipulation and.
• 1:13
  Should you be worried Today we're going to break this down
• 1:15
  simply to help you. Understand what's going on
• 1:17
  behind the scenes. This is not to cook with.
• 1:19
  Bitcoin simply. Let's go.
• 1:25
  It's a fact. Bitcoin dumps.
• 1:27
  At the. Open regularly.
• 1:28
  Consistently. And oddly. 2:00 to. 3%.
• 1:31
  In fact. Most of.
• 1:32
  Bitcoins gains happen after hours, after all.
• 1:35
  It only trades for 30. Percent of the time during
• 1:38
  normal market hours, but 70% of the time out of the market
• 1:41
  hours. So literally.
• 1:42
  If you just. Bought Bitcoin intraday?
• 1:44
  Well you're making less gains. And if you just waited till the
• 1:47
  market closed? And you bought?
• 1:48
  It after hours. Someone is even looking at
• 1:50
  opening an ETF to take advantage of this.
• 1:53
  The NGHT. Or Night Bitcoin ETF.
• 1:56
  Where it harvests the volatility that happens after.
• 1:58
  Hours. And this could just be.
• 1:59
  Market manipulation tactics from firms like.
• 2:01
  Jane St. Who?
• 2:02
  Like we said, have. Been manipulating markets in
• 2:04
  India. And other places.
• 2:06
  Across the world. And are starting to be fine in
• 2:08
  band for these same activities. This sort of market arbitrage
• 2:12
  has been. Happening behind closed doors
• 2:14
  and we don't have the. Tools as everyday retail
• 2:16
  investors to do this, but I recently watched a clip.
• 2:18
  From Samir Varma. A theoretical physicist turn
• 2:21
  hedge fund trader who. Talked about this.
• 2:23
  Same exact opportunity. That I think could be taking
• 2:25
  place in Bitcoin. Just from bigger players who
• 2:28
  have. Better access to capital.
• 2:29
  If you take, say, the S&P 500ETF SPY and you divide it up into
• 2:36
  its day, into its intraday return open to close and it's
• 2:40
  overnight return close to open, you will find that more than
• 2:45
  100% of the return of the SP Y takes place overnight, IE the
• 2:52
  the on average, the SP Y goes down during the day.
• 2:56
  Interesting. Yeah, exactly.
• 2:58
  But taking advantage of that is pretty difficult.
• 3:02
  And the reason is you can certainly buy, you know, market
• 3:04
  on open and then at least. Yeah, no, no, buy market and
• 3:08
  close, sell, market and open. You can do that, but there's
• 3:11
  only a limited amount that you can do.
• 3:13
  That's the first issue before you start to move the market too
• 3:15
  much. And the second is, of course,
• 3:17
  that you are then subject to. The reason it's positive, of
• 3:21
  course, is that you're getting paid for taking overnight risk.
• 3:26
  So that's that's an example of an edge that exists in the
• 3:30
  market that's pretty difficult to arbitrage and yet it's right
• 3:33
  there and you can see it in the data.
• 3:35
  Jeffrey Parks, former CIO at Bitwise.
• 3:37
  And now CIO at Pro Cap Financial has a different opinion about
• 3:41
  what might be going on. There's a divergent.
• 3:43
  In how much people are willing to pay or the premium for upside
• 3:47
  potential in Bitcoin? AKA the.
• 3:49
  Options and spot Bitcoin and when you.
• 3:52
  Couple this. With the fact.
• 3:52
  That OG. Bit corners aren't.
• 3:54
  Necessarily selling. All their Bitcoin that wouldn't
• 3:56
  account for the selling that we're seeing in the market.
• 3:58
  They're actually. Selling covered calls.
• 4:00
  Meaning they want to earn income on the Bitcoin that they've
• 4:03
  actually accumulated. Over the years.
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  When they sell calls, that's downward pressure.
• 4:08
  It's monetization, but it also kills.
• 4:10
  Momentum market makers. On the other.
• 4:12
  Side have to hedge. This potential upside?
• 4:15
  Scenario. And this creates.
• 4:17
  What they call a. Reversion to the.
• 4:19
  Mean meaning. That if Bitcoin were to go.
• 4:21
  Too high, too fast or too low too fast?
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  Well, the price would. Blow out, and so they.
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  Hedge. When Bitcoin dips.
• 4:28
  They buy. When Bitcoin rips.
• 4:30
  Well, they. Sell to hedge.
• 4:32
  Their protection? And the options interest in I.
• 4:34
  Bit from Jeffrey. Parks article is absolutely
• 4:37
  massive. Almost 50 billion.
• 4:39
  Dollars, or half of the total. Assets under management in I.
• 4:42
  Bit total this means that a lot of price action that's.
• 4:45
  Happening in I bit in Bitcoin in general is being driven by
• 4:47
  options and not. Actually spot buying.
• 4:50
  That's one theory. Free market capitalism
• 4:52
  happening. It could be.
• 4:53
  Japan every time. Japan.
• 4:55
  Yikes. Rates well.
• 4:56
  Bitcoin sells off. This is called.
• 4:58
  The unwinding of the Japanese yen carry trade.
• 5:00
  For years, investors. Borrowed cheap yen and they
• 5:02
  plowed that into stocks, Bitcoin and other.
• 5:04
  Assets which inflated. The asset prices.
• 5:06
  When the. Cost of that capital goes up,
• 5:09
  they have to. Sell that yen.
• 5:10
  And unwind those. Leveraged positions.
• 5:12
  Meaning they then have to. Sell.
• 5:14
  Off the other assets to pay for their liabilities.
• 5:17
  In the yen and Bitcoin like. Always is.
• 5:19
  The first to. Be hit.
• 5:20
  In global markets, when things unwind or when things change.
• 5:23
  These are all short. Term things and what?
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  You should. Understand as a long term
• 5:26
  Bitcoin investor is that these things shouldn't matter.
• 5:29
  What you should be thinking about are the long term
• 5:31
  structural. Advantages and opportunities
• 5:33
  that are being presented in the market.
• 5:35
  Listen to this clip from Coinbase CEO Brian Armstrong.
• 5:38
  About the structural changes. Happening in Bitcoin.
• 5:41
  Specifically with the US government.
• 5:43
  Is it fair to say the sophistication and the maturity
• 5:45
  of this market has really reached a more advanced stage
• 5:49
  now though people are more trusting in the trade ability of
• 5:52
  these assets? 100% and I'd like to think
• 5:55
  Coinbase has helped move that along a little bit over the last
• 5:57
  decade, but we're in a much better place.
• 5:59
  It's regulatory clarity emerging.
• 6:01
  I mean, the United States government has a strategic
• 6:03
  Bitcoin reserve now, right? Like what bigger kind of
• 6:05
  endorsement might you have of like this is here to stay?
• 6:07
  And then the largest financial institutions and fintech
• 6:09
  companies in the world are all integrating crypto in some way,
• 6:12
  shape or form, whether it's stablecoin payments or
• 6:15
  eventually they'll be raising money on chain, you know, doing
• 6:18
  corporate debt on chain. So I think at this point, crypto
• 6:21
  is here to stay. And we'll look back at 2025 is
• 6:23
  that year where the regulatory clarity finally happened?
• 6:26
  You also. Then have to.
• 6:27
  Listen. To what's happening.
• 6:28
  Behind the scenes. From this clip with Michael
• 6:30
  Saylor when he presented in the middle.
• 6:32
  East. To Bitcoiners and people looking
• 6:34
  to get into Bitcoin all across. The world.
• 6:36
  Why is? Bitcoin.
• 6:37
  Digital Capital. First of all, because Donald J
• 6:42
  Trump is the Bitcoin president. Donald J Trump says he is intent
• 6:48
  on making America the Bitcoin superpower, the crypto capital
• 6:52
  of the world, the leader in digital.
• 6:55
  Assets. And David Sachs, who works for
• 6:58
  him in March of 2025 this year said Bitcoin is special.
• 7:03
  Bitcoin. Is an asset without an issuer.
• 7:06
  It is the dominant digital commodity in the world.
• 7:10
  This administration designated Bitcoin as digital gold.
• 7:14
  And of course, it's not just the president.
• 7:17
  It's the vice president who I've met who said that.
• 7:21
  It's the secretary of Treasury who I've met who has said that.
• 7:25
  It is the head of the SEC who I've met who has said that.
• 7:29
  It is the head of National intelligence, Tulsi governed,
• 7:33
  who I've met who said that it's the head of commerce.
• 7:36
  A small business. Administration Kelly Loffler,
• 7:39
  who I've met, who said that it's Bill Pulte who runs the Federal
• 7:43
  Housing Administration and regulates 5 trillion or $6
• 7:48
  trillion of home. Mortgages.
• 7:50
  Who I've met who said that it's RFK.
• 7:54
  Who Who not that long ago wanted the US government to buy 4
• 7:58
  million Bitcoin? Who I've met who believes it,
• 8:02
  it's the incoming head of the CFTC, Mike Selig.
• 8:05
  It's David Sachs himself, the cryptos are and the bitcoins
• 8:09
  are. It's Howard Lutnick, the
• 8:11
  commerce Secretary, and it's Kash Patel, the head of the FBI.
• 8:17
  So you have a profound consensus amongst everyone running the
• 8:21
  United States. And the most important thing is
• 8:25
  that the United States is the most influential financial.
• 8:29
  Regulator in the world and whatever.
• 8:31
  The US banking system does and the US security market does,
• 8:35
  ripples through South America, it ripples through Africa, it
• 8:39
  ripples through Europe, it ripples through the Middle East.
• 8:42
  It goes to Canada, goes to Australia, it even goes to Hong
• 8:46
  Kong. Even the Chinese will copy what
• 8:49
  the US is doing. So it's very, very profound
• 8:53
  inflection. Every major.
• 8:55
  Official and appointed. Leader in the United States
• 8:57
  government is on board with. Bitcoin saying that.
• 8:59
  It's a unique. Asset with.
• 9:00
  Potential that we should capture and.
• 9:02
  Recognize in the United States. This clip is.
• 9:04
  Profound and if this doesn't cause you to be bullish on.
• 9:07
  Bitcoin, then I don't know what will.
• 9:08
  As we go any further as to why? These short term.
• 9:10
  Price. Movements should not matter to
• 9:12
  you and your long thesis in Bitcoin.
• 9:14
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• 10:23
  You've got credit spreads at all time types, you've got the
• 10:25
  reflation trade going on, I strongly believe PM.
• 10:29
  Is are going higher and. For me, that means that Bitcoin
• 10:32
  is just kind of whether it stays here between 85 and 92 for
• 10:35
  another couple weeks when we get into the beginning part of Next.
• 10:38
  Year I think we're going to see Bitcoin back above 100 and I
• 10:41
  think the surprise will be back to all time highs in the 1st.
• 10:44
  Quarter. Cody Visser has a theory as to
• 10:46
  why he believes. That we're stuck between 85 and
• 10:49
  92 K and what he. Sees for what's?
• 10:51
  Coming in Q1 of 2020. Six, he believes.
• 10:54
  That we're going to hit all time highs and I don't disagree with
• 10:57
  him. One of the.
• 10:57
  Reasons that long term you should be structurally bullish.
• 11:00
  On Bitcoin is because Bitcoin. Is digital gold.
• 11:03
  It is the. Digital version of a. 20th
• 11:05
  century. Asset that we.
• 11:06
  Used and relied upon for years in order to have checks and
• 11:10
  balances. In a system that is increasingly
• 11:12
  moving to Fiat, well. How do you?
• 11:13
  Have checks and balances in a digital world when?
• 11:15
  You can. Create Fiat dollars.
• 11:17
  At infinum by pressing a button. Well, you have a digital
• 11:21
  backstop or security. That can't be minted out of thin
• 11:23
  air that. Requires energy.
• 11:24
  To do so, which is. Bitcoin and This is why,
• 11:27
  Michael. Saylor says.
• 11:27
  That it will be. 10X1. 100 X larger than gold.
• 11:31
  Because we're not going back from.
• 11:32
  Digital to analog. Digital gold.
• 11:35
  It's going to accelerate the migration of capital from
• 11:38
  physical gold to digital gold. You know, Bitcoin lives in
• 11:42
  cyberspace. No tariffs in cyberspace.
• 11:45
  The big appeal of. Bitcoin is it's not physical, it
• 11:48
  doesn't have weight. You can settle anywhere with
• 11:52
  anybody in a few minutes. And so gold has always been too
• 11:56
  heavy, too slow, you know, and you can't really ship it across
• 12:00
  an ocean. And if you do, now you're
• 12:01
  getting tariffs. So I really think it just
• 12:04
  reminds everybody why the digital version of gold is
• 12:08
  better than the than actual physical gold.
• 12:10
  And, and I think it's going to catalyze a new wave of
• 12:14
  institutional adoption of Bitcoin.
• 12:17
  Bitcoin to emerge as the dominant digital monitoring
• 12:20
  network in the world, and it is the.
• 12:23
  The world's reserve capital, so. I think it'll grow from the 2
• 12:26
  trillion to 20 trillion to $200 trillion over the next 20 to 30
• 12:30
  years. I don't think gold will do that.
• 12:33
  I think that I think that Bitcoin will be 10X bigger than
• 12:35
  gold. One of the reasons why you
• 12:37
  should also be. Bullish on.
• 12:38
  Bitcoin is because. It helps us get out of debt
• 12:40
  slavery. John Adams has a great quote.
• 12:42
  There are two. Ways to?
• 12:43
  Enslave a country. One with the sword and another.
• 12:46
  With debt, we are a country laden with that.
• 12:48
  And one of the ways that you can get out of debt is by having
• 12:51
  assets. And increasing in.
• 12:52
  Productivity that outpaces. Your debt an asset that inflates
• 12:56
  faster. Than your money.
• 12:56
  Deflates you. Short the dollar whenever you
• 12:59
  take out the loan and you go long and whatever asset you put
• 13:02
  into. Whether that's real.
• 13:03
  Estate. Or in this case, Bitcoin, it's
• 13:05
  something that you. Should be considering.
• 13:07
  Regardless of whether. We're stuck at 90K at this
• 13:09
  moment. We won't be.
• 13:09
  Stuck here for forever. One of the ways you can.
• 13:11
  Continually grow in your Bitcoin stack in your Bitcoin journey is
• 13:14
  by continuing to accumulate Bitcoin 24.
• 13:17
  Hours a day. And you can do that through
• 13:18
  Bitcoin mining by working with a company like SAS Mining you.
• 13:21
  Buy a state. Of the art.
• 13:22
  Mining machine which they manage and they.
• 13:23
  Host with no middle men, No. Markup.
• 13:25
  SAS flow directly. To your wallet.
• 13:27
  You can get tax write offs by depreciating the assets.
• 13:30
  Themselves and. You also get SAS while you
• 13:32
  sleep, so. That you're earning Bitcoin
• 13:34
  after hours and not just when it's manipulated during market
• 13:36
  hours, which. We covered earlier go to the.
• 13:39
  QR. Code on the screen to get
• 13:40
  started with SAS mining. Thank you for joining in.
• 13:42
  Today, regardless of what happens.
• 13:44
  With Bitcoin, whether it's. Market manipulation.
• 13:46
  From Jane St. Whether it's.
• 13:48
  Options in Bitcoin OG selling. Cover calls.
• 13:51
  You should be. Structurally long term bullish
• 13:53
  on. Bitcoin.
• 13:53
  This is Dante Cook with Bitcoin. Simply happy stacking.