Latest / Simply Bitcoin / Will Bitcoin Collapse to $40K… or EXPLODE to $200K? | Simply Originals

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Will Bitcoin Collapse to $40K… or EXPLODE to $200K? | Simply Originals · Simply Bitcoin

• 0:00
  Bitcoin just dipped to 112 K and people are acting like it's
• 0:04
  Armageddon again. Micro strategy is going to 0.
• 0:08
  Backrock is dumping. ETF demand is dead.
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  Sentiment is now the most bearish it's been since June
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  22nd. The Bears are already spiking
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  the football. But here's the truth.
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  It's a dip for ants. Michael Saylor is being dragged
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  through the mud. Jay Powell is heading to Jackson
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  Hole with a full blown recession hiding under the hood and those
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  same people who told you Bitcoin was dead at $3000 are telling
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  you it's going back to 40K. So here's the question, is
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  Bitcoin about to collapse or are we about to witness the most
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  insane bull run in financial history?
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  Welcome back. Today we break down both sides,
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  the fear, the game theory and of course the inevitable Bitcoin
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  going vertical and melting faces.
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  Let's start with the panic because you have to understand
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  the bear case if you want to survive the bull.
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  Michael Saylor's strategy has now accumulated 629,376 BTC, but
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  the dilution is becoming a meme. 33 billion in Bitcoin, 8.2
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  billion in convertible notes, 0 coupon debt and a stock float
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  that keeps inflating faster than Fiat.
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  The stock below its 200 day for the first time in a Bitcoin bull
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  phase since 2020. Meanwhile, the ETFs are letting
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  go, Arc is dumping, BlackRock is dumping, Fidelity is dumping and
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  a record pace. And as you can see, retail is
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  more bearish right now than they were at 69 K in 2021.
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  And that's where this gets interesting, because this isn't
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  just a price move, it's a power move.
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  Larry Fink, CEO of BlackRock, just became the interim chairman
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  of the WEF Spooky. And BlackRock also happens to be
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  the second largest Bitcoin holder on the planet.
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  Coincidence or game theory? I mean, first of all, we have to
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  accept the World Economic Forum is a fanatical political
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  organization that uses fear and manipulation like COVID
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  hysteria, like the hoax of global warming to really
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  facilitate people thinking that somehow they're the saviors.
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  But really all you're doing is helping them accomplish their
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  goal, which really is a global public, private fascist movement
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  and fusion of big government, big tech, big money to create a
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  technocratic ruling elite, which conveniently is them.
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  And really, Laura, if you want to look at a different way to
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  with the World Economic Forum, they want to create feudalism
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  2.0 in which we are serfs and they are the Lord's ruling over
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  us. You'll, you'll have nothing and
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  be happy is one of the the things that comes out of Davos.
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  That's what they're aiming for. They're aiming for feudalism in
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  which we are serfs and and we should be happy that they are,
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  are ruling over us. That's why Monday we were in the
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  adversarial game theory episode. Not because we think it will
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  happen, but because evil institutions do evil things,
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  especially when they smell blood.
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  And right now the macro backdrop looks a lot like 2008 PPI came
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  in hot, job numbers being revised down like at insane
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  levels, and corporate bankruptcies are back at 2020
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  levels. Probably nothing.
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  And Jerome Powell is about to walk into Jackson Hole this
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  Friday. If he goes full Volker Lookout
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  below yield spike, liquidity drains and Bitcoin could flash
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  crash to 100K faster than you can refresh.
• 3:37
  X Rate cuts are bullish, but it's also a signal the house is
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  already on five. Here's what the bears are
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  missing. Bitcoin, let's hit that before I
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  let you run. I mean, what do you make of it?
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  It it topped what, 1120 or so and then it's been pulling back
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  of late. Now maybe that's correlated to
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  growth and momentum and a little rollover as we've seen it there.
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  Do you think that is the case? And what is your outlook from
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  here? I do think there's some
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  correlation there. I think a lot of it has to do
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  with Secretary Besson's interview on Thursday when he
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  said the US wouldn't be buying Bitcoin or wasn't planning on in
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  the near term. And then he later tried to walk
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  that back via social media and said he would do it and they
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  would explore budget neutral ways to do it.
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  But I think sellers are missing the forest for the trees here.
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  If you look at two days before that interview, the Fed actually
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  ended their supervisory program on novel activities, which
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  effectively means crypto banks. And then a week prior to that,
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  President Trump signed an executive order directing the
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  Department of Labor to rescind prior guidance that effectively
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  kept everyone in retirement plans out of digital assets.
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  That's there's still legislative work that needs to be done
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  there, but that's massive news. So there are 60 trillion worth
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  of assets globally in retirement accounts with 0 allocation right
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  now to digital assets. Every 1% allocation from that 60
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  trillion adds $30,000 to Bitcoin's price.
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  And so from my perspective, a 2% allocation would be conservative
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  when you consider that all of those assets are currently in a
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  monetary framework whose authorities have told you they
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  want to depreciate it by 2% a year.
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  So why wouldn't those accounts take 2% of everything
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  denominated in melting ice cube and sticking in another protocol
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  altogether? So again, that would just that
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  alone would take us to Bitcoin AT175K or up more than 50% from
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  here. We still think we are incredibly
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  early. We're still seeing early signs
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  of institutional adoption. You look at Norgis, the world's
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  largest southern wealth fund, almost 2 trillion in assets has
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  been increasing its exposure to Bitcoin digital assets.
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  It's still a rounding error for them.
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  But when the world's largest sovereign wealth fund, the
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  world's largest endowment in Harvard is now buying Bitcoin
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  starts to do it, that opens up the door for all the other
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  relevant parties, other endowments, other sovereign
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  wealth funds to do this in a very interesting way.
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  So, you know, we think we're very early in the dominoes
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  falling. Most of the world has 0
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  allocation digital assets still, and we think there's a very long
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  roadway ahead of us. We'll see you soon. 60 trillion
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  in retirement dollars are lining up for Bitcoin exposure, which
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  is why we're likely to see the greatest bull market in the
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  history of mankind. Yes, Bitcoin is still going to a
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  million and Adam Back put it best.
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  Fortune favors the huddle global liquidity at the exact levels
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  that triggered the 2020 breakout.
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  This could be a coiled spring. We could see a pullback to the
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  bull market support band before blasting to new all time highs
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  afterwards and beyond. Oh and hey, if you're still
• 6:41
  holding Bitcoin on an exchange, you're doing it wrong.
• 6:44
  We're about to bring it home but before we do, look at our likes
• 6:47
  3 or 4 times maybe? I pump those numbers up.
• 6:50
  Those are rookie numbers in this racket.
• 6:52
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• 7:20
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  simply, Bitcoin clients will get 25 basis points off their first
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  loan right now here we go here's why the collapse explosion
• 8:06
  narrative CME Fed watch shows 85% odds of a rate cut in
• 8:11
  September. But every time the Fed starts
• 8:14
  cutting 2001, 2008, that's when the real pain starts and Bitcoin
• 8:19
  tears the roof off. This isn't the top, this is the
• 8:22
  launchpad. Check the receipts.
• 8:24
  Bitcoin has fallen 8% and bounced back 1063 times.
• 8:30
  MicroStrategy is now more oversold than it's been in five
• 8:33
  years. And every time this hits, it's
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  followed by a 260% rally in about 3 months.
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  Bitcoin has spent 131 days above 100K last cycle, only 39 days
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  above 60 K. And while retail panic sells,
• 8:48
  Metaplanet is buying. Strategy is buying.
• 8:50
  The plebs are stacking. Coin has died 431 times.
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  If you bought $100 every death, you'd be sitting on 120 million
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  right now. Giga Chad says a million is the
• 9:01
  floor. Lavish says it's inevitable.
• 9:04
  Mahler says it's the greatest bull run ever in Powell.
• 9:07
  He's about to light the match. Batten down the hatches and
• 9:10
  prepare for Valhalla. Because whether we flash crash
• 9:12
  or not, we end up in the same place. 200K Bitcoin and beyond.
• 9:17
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• 9:20
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  for 20% off. Hey, hope you guys enjoyed this
• 9:44
  one. Don't forget to like subscribe
• 9:45
  and give us a pan by sharing the sound money gospel.
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  Set those notifications for the best in Bitcoin news delivered
• 9:51
  to you daily. I love you guys, Certain, and
• 9:54
  I'll see you tomorrow, please. If you.
• 9:56
  Prefer to go down with the ship.