Latest / Simply Bitcoin / They’re Telling You What’s Coming! | 1929 & The Great Bitcoin Bull Run | Simply Originals

Transcript

They’re Telling You What’s Coming! | 1929 & The Great Bitcoin Bull Run | Simply Originals · Simply Bitcoin

• 0:00
  When the elites start name dropping 1929 on national TV,
• 0:04
  you know they're setting the stage for something.
• 0:07
  Sorkins ringing the bell, Dink's pushing for democratized
• 0:14
  investing, and Powell is on the verge of the big print.
• 0:18
  What if they're not warning us? They're programming us, But this
• 0:22
  time, when the crash comes, it won't end in bread lines.
• 0:26
  Well, maybe for some, but it also wins with Bitcoin.
• 0:29
  We have a date with destiny, baby.
• 0:31
  Send it. Do you think that we will have a
• 0:38
  crash or not? The answer is we will have a
• 0:45
  crash. I just can't tell you when and I
• 0:47
  can't tell you how deep, but I can assure you, unfortunately, I
• 0:51
  wish I wasn't saying this. We will have a crash.
• 0:54
  Well. Guess who just rang the opening
• 0:56
  bell for the markets? Yeah, Andrew Ross Sorkin, young
• 1:00
  global leader himself, Co host and star of Squawk Box with Joe
• 1:04
  Kernan and apparently the new Prophet of Doom.
• 1:07
  He's on every screen pushing his new book 1929 Inside the
• 1:12
  greatest crash in Wall Street history.
• 1:15
  I've seen some theories or this playbook before.
• 1:17
  So what if they're not warning us, they're actually programming
• 1:20
  us. When this guy and the head of
• 1:22
  BlackRock start reminiscing about 1929 while gold and
• 1:27
  Bitcoin are ripping, that's not coincidence.
• 1:30
  That's narrative seeding. They call it democratizing
• 1:33
  investing, but the reality in the translation of their Wall
• 1:37
  Street speak is re hypothecate your 401K into their next
• 1:41
  bailout. Like history rhymes.
• 1:44
  It's the same access for all pitch they used before every
• 1:47
  other bubble.com housing AI. This feels familiar.
• 1:52
  Tariff wars, check. Overvalued stocks, check.
• 1:56
  Computerized trading running wild, double check.
• 1:59
  In 1987, the market fell 22% in one day because automated cell
• 2:05
  programs fed off fear. It was the wildest Day in
• 2:09
  History. Something there's only one word
• 2:10
  to. Describe what's happening.
• 2:11
  And that is? Panic.
• 2:13
  Well, the law of gravity hit Wall Street today, and financial
• 2:16
  markets around the world for that matter, as stock prices
• 2:18
  plunged even more than they did on Black Tuesday of 1929.
• 2:22
  Today 75% of trading is algorithmic. 1 AWS glitch.
• 2:27
  Boom, we're all reliving Black Monday.
• 2:30
  I don't know, maybe they're beta testing the Internet shutdowns,
• 2:34
  updating terms of service. All to be quote legally
• 2:37
  compliant. All, to be, quote, legally
• 2:39
  compliant. When your buy button disappears,
• 2:42
  blame it on technical issues. We'll call that a dry run.
• 2:46
  Every crisis bursts a solution that's worse than the disease
• 2:49
  itself. 1929 gave us the Great Depression, 1987 gave us the Fed
• 2:55
  put and 2025. That's when the Fed put finally
• 2:58
  breaks and Bitcoin becomes the new backstop.
• 3:01
  Nick tomorrow's from the Wall Street Journal just dropped it.
• 3:04
  the Fed $6.6 trillion balance sheet runoff may end within days
• 3:09
  like today. But the real translation is
• 3:12
  liquidity crisis detected, printer warming up.
• 3:15
  They can't stop printing without breaking the machine.
• 3:19
  So they'll print until trust breaks instead.
• 3:22
  And that's when the real crash hits.
• 3:24
  Not stocks, but faith in the dollar itself.
• 3:26
  Look at who's synchronized. Sorkin says we will have a
• 3:30
  crash. Larry Fink goes on 60 minutes
• 3:33
  the same week talking about opening 401 KS to private risk.
• 3:37
  That's not analysis, that's conditioning.
• 3:40
  They won't you scared, so you'll beg for quote safe custody.
• 3:43
  They'll say, give us your Bitcoin, we'll keep it safe in
• 3:46
  an ETF. Meanwhile, the real players are
• 3:48
  loading up cold storage, preparing for 610 twos like it's
• 3:52
  1929. You probably should too.
• 3:54
  But maybe you need a coach or a guide to take you to Valhalla.
• 3:58
  We're about to bring it home. But before we do, look at our
• 4:01
  likes 3 or 4 times maybe. I'll.
• 4:03
  Pump those numbers up. Those are rookie numbers in this
• 4:05
  racket. Let's take a quick second for
• 4:07
  our sponsors who keep this show on the air over at the Bitcoin
• 4:10
  way. If your wealth lives in their
• 4:12
  system, it's not yours, it's theirs.
• 4:14
  That's why we scream Bitcoin. That's why you self custody and
• 4:18
  that's why you call our friends over at the Bitcoin way.
• 4:20
  They'll walk you through multi sig self custody, privacy, how
• 4:23
  to run a node and the tools that keep you sovereign when the Fiat
• 4:26
  system pulls the plug. Don't wait till it's too late.
• 4:28
  Book a free 30 minute console today used in that in the show
• 4:32
  notes. Need cash but don't want to sell
• 4:34
  your Bitcoin? Leaden is the global leader in
• 4:36
  Bitcoin back loans, issuing over 9 billion in loans since 2018
• 4:41
  and they were the first to offer proof of reserves.
• 4:43
  With Leaden you get custody loans, no credit checks, no
• 4:46
  monthly payments and more. Visit learn dot leaden dot IO
• 4:50
  slash simply to learn more and get 25 basis points off your
• 4:54
  first loan. Our Bitcoin I bid is now over
• 4:58
  100. Billion dollars I know.
• 5:00
  So nothing not that long ago. Two years ago, Zero.
• 5:04
  Yeah. So, well, you weren't always a
• 5:05
  huge proponent of crypto, as I know.
• 5:08
  I love it now, but I grow and learn.
• 5:11
  I heard you. Save it on. 60 minutes.
• 5:13
  I did, yeah. Jim.
• 5:15
  Here's the punchline. If this is a psyop, they already
• 5:18
  lost because Bitcoin was built for Exactly this moment, the
• 5:23
  collapse of trust. Here, if you, if you believe
• 5:27
  that countries are going to continue to debase their
• 5:30
  currency, if you believe that there's going to be global rise
• 5:35
  of insecurity, owning crypto assets or gold are assets of
• 5:43
  fear. You own these assets together.
• 5:46
  You're frightened of the debasement of your your assets.
• 5:50
  You're, you're worried about your financial security, you're
• 5:53
  worried about your physical security.
• 5:55
  And, and, and between crypto assets and gold they're put in,
• 6:00
  they believe, you know, there's a strong belief that is a good
• 6:04
  hedge against optimism. Jamie, you were not.
• 6:07
  You were a little. When the Fed fires up QE
• 6:09
  Infinity 2 point O Gold moves on fear, but Bitcoin moves on
• 6:13
  faith. Faith in math?
• 6:15
  If you look at the failure of Fiat currencies, they don't
• 6:18
  gradually fail, they fail spectacularly.
• 6:20
  And this is the the premise behind the 1,000,000 Bitcoin
• 6:23
  call. That is not going to be a
• 6:25
  gradual slow increase to $1 million a coin, but rather a
• 6:30
  very short and violent upheaval that sends us there in a matter
• 6:33
  of months, weeks to months. And if you look at the hyper
• 6:37
  bitcoinization landscape, what you do see is more and more
• 6:40
  countries coming out in mining Bitcoin.
• 6:44
  Bhutan, I think is the clearest example of this.
• 6:46
  They have close to a trillion dollars now in Bitcoin holdings
• 6:50
  from mining over the past four to five years.
• 6:54
  So if this is not an indication that hyper bitcoinization is
• 6:57
  coming, I'm not really sure what is.
• 6:59
  But countries that have excess energy, they can tap into that
• 7:02
  now and convert that into money and use that money for financing
• 7:07
  lots of different things. I believe we're also on the
• 7:09
  verge of countries issuing debt, sovereign debt to buy Bitcoin.
• 7:14
  So the Bitcoin bond program, it is going to come simply because
• 7:19
  the MicroStrategy model has has illustrated that this works and
• 7:23
  it works very well. And it's just simply a matter of
• 7:27
  time before a country pulls that trigger and unleashes a torrent
• 7:31
  of sovereign debt to acquire Bitcoin.
• 7:33
  Michael Saylor may have said it best and write to Sorkin's young
• 7:37
  global leader Face Hole. Bitcoin is demonetizing store
• 7:40
  value assets all over the world. Well, I think the key to keep in
• 7:44
  mind is Bitcoin is demonetizing foreign real estate, private
• 7:49
  equity, public equity, other sorts of store of value assets
• 7:54
  everywhere in the world. 20th century physical analog assets
• 7:58
  are becoming 21st century digital assets.
• 8:02
  These companies like Apple and Microsoft, if they could buy the
• 8:06
  S&P index, they'd be better off. It's against SEC rules, right?
• 8:10
  The only if they could buy each other securities.
• 8:14
  If the mag seven could buy the each other securities they would
• 8:16
  be better off. That's against SEC rules.
• 8:19
  The only security Apple can buy is Apple stock, and what do they
• 8:23
  do? They buy their own security.
• 8:25
  So in generally, if you're trying to create shareholder
• 8:28
  value, you don't want to park it in a Fiat currency, you want to
• 8:31
  park it in a tangible asset. But gold and real estate don't
• 8:36
  make sense. You ever see?
• 8:37
  You know what we're? Talking about.
• 8:38
  That means the wealth of centuries is leaving paper
• 8:42
  promises and flowing into sound money and digital truth.
• 8:45
  Every empire dies the same way, Debt, delusion and denial.
• 8:49
  But for the first time in history, we get to opt out in
• 8:52
  real time. Sorkin says a crash is coming.
• 8:54
  He's probably right. But it's not the market
• 8:57
  crashing, it's Fiat's credibility.
• 8:59
  And I think what we're witnessing.
• 9:01
  Is a. Reverse crash and so it's a
• 9:04
  crash up and not a crash down. So the same can also result or
• 9:08
  we can get the same result but from a different way.
• 9:10
  So right now what we're seeing is prices running away from us.
• 9:13
  So the SP 500 is not crashing. It's continued to going higher,
• 9:17
  Bitcoins going higher, gold's going higher, homes are going
• 9:19
  higher, meat, you know, milk, eggs, vacation, all that is
• 9:24
  going higher, but the results the same.
• 9:26
  I still can't afford the same quality of life I had before SO.
• 9:30
  An inflationary. Crash.
• 9:31
  It's an inflationary crash standard of living, right?
• 9:33
  So I'm calling it a reverse crash.
• 9:35
  And I think it's actually much worse.
• 9:39
  And the reason why I say it's much, much worth is worse is in
• 9:41
  like 2008, there was a reset. So for a lot of people who were
• 9:46
  priced out of the market, they were able to get in the market
• 9:48
  now. There was good deals on homes,
• 9:49
  there was good deals on stocks, things like that.
• 9:52
  And so it sort of gives you this reset.
• 9:53
  People can buy in. If you still have money
• 9:54
  leftover, you could ride the wave, the recovery back up.
• 9:57
  But in a market like we have today, there's no reset.
• 10:00
  And So what happens is since I started making these videos,
• 10:03
  2022231 of my, one of my friends, a really big macro
• 10:07
  channel on YouTube, we had dinner in LA and in August of
• 10:11
  2023, after I made the video, bear markets canceled.
• 10:14
  And he said, how dare you make a video like that?
• 10:16
  Don't you understand that the markets are all time high?
• 10:18
  Don't you see that the yield curve is inverted and like all
• 10:22
  these things? And I said, yeah, but that's not
• 10:24
  how I see it, right? So we have, Harry Dent's been
• 10:27
  calling for a 90% market crash for 12 years.
• 10:29
  You have all these doomers that are out there and a lot of
• 10:32
  people are have been scared and sit on the sidelines and they're
• 10:34
  waiting for that 2008 moment they can buy back in this time.
• 10:37
  I'm going to have cash this time, I'm going to be able to
• 10:39
  get back in. But the problem is they're just
• 10:41
  getting further and further behind.
• 10:43
  And so I think to answer your question, I guess the melt up
• 10:46
  thesis, but I don't think I've a melt up thesis into a blow off
• 10:49
  top. It's just like a continued
• 10:52
  runaway. And I think really the crash,
• 10:55
  the bubble is not in homes, it's not in stocks, it's in U.S.
• 11:00
  Treasuries, it's in U.S. dollars.
• 11:02
  So the crash that we're seeing is in U.S. dollars.
• 11:05
  And so there was a chart that was going around, I'm sure you
• 11:08
  saw a couple days ago, and it showed a bunch of different
• 11:10
  asset prices, both in dollars, yeah, in gold, in gold and
• 11:13
  Bitcoin, yeah. And so when you change the unit
• 11:16
  of account, you just start to see the world a little bit
• 11:18
  differently. So when you see that the Cliff
• 11:20
  that assets are falling off of is the dollar Cliff, right?
• 11:23
  So that's the blow off top. I project that prices are going
• 11:28
  to continue to run away and people are going to be further
• 11:30
  and further behind. So yeah, they're telling you
• 11:32
  what's coming. QE, forever, currency collapse,
• 11:35
  chaos. But they're also telling you the
• 11:37
  solution without realizing it. Hard, incorruptible sound money.
• 11:42
  When the music stops, they'll be holding debt.
• 11:44
  You'll be holding freedom. They're predicting or
• 11:46
  programming a crash. We're preparing for a
• 11:49
  renaissance. That's right.
• 11:52
  And get those tickets to Mining Disrupt 2025, get those tickets
• 11:57
  to mining Disrupt 2025. See the future of Bitcoin mining
• 12:01
  up close in Dallas, TX November 11th through the 13th The
• 12:05
  biggest names in the industry, cutting edge rigs, Bitcoin and
• 12:08
  AI integration. The signal you won't get
• 12:11
  anywhere else Grab your tickets today and use promo code simply
• 12:14
  Bitcoin for 20% off and we'll see you there.
• 12:18
  Hey, hope you guys enjoyed this one.
• 12:19
  Smash the like, subscribe and give us a pant by sharing the
• 12:22
  sound money gospel and don't forget to set those
• 12:24
  notifications for the best in Bitcoin news delivered to you
• 12:27
  daily. Hey, love you guys.
• 12:28
  Catch you tomorrow. Peace.