Latest / Simply Bitcoin / If THIS Didn’t Wake You Up, You’re Going to MISS Bitcoin’s Next Move! | Beyond Bitcoin

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If THIS Didn’t Wake You Up, You’re Going to MISS Bitcoin’s Next Move! | Beyond Bitcoin · Simply Bitcoin

0:00
Everyone keeps saying the same thing.
0:02
Bitcoin adoption is right around the corner.
0:04
Honestly, that phrase is about as overused as the Fed's money
0:07
printer. But something changed this week.
0:09
Did you notice, or is it just me?
0:13
Where's my sweatshirt? In this video, we're going to
0:14
talk about the onslaught of bullish news that recently hit
0:16
us and how Bitcoin adoption might actually be just around
0:20
the corner. Dude, will you just shut up with
0:22
that stuff? Sorry I'm oceans, this is beyond
0:26
Bitcoin. Let's dive in By the way, why
0:28
are we always diving into things?
0:30
Should we just maybe dip a toe first or have you noticed that
0:39
bitcoin's price is coiled up recently?
0:42
OK, when is bitcoin's price not coiled up?
0:45
Regardless, we've been in the 80 to 90 K range for some time.
0:48
And you know, that moment Bitcoin becomes boring is
0:51
exactly the moment you need to be paying attention.
0:53
And what hit my the feed this week was a cornucopia of
0:56
adoption stories. So what changed?
0:57
What changed is who is talking about Bitcoin and how they're
1:01
talking about it and what they're no longer debating.
1:03
You had posts circulating featuring politicians,
1:06
politicians, sons and financial analysts of all kind.
1:09
Like this clip right here of Tom Lee saying Bitcoin will double
1:12
in as early as this month. I think crypto prices are
1:14
beginning to actually recover. That's why I think Bitcoin can
1:19
can double from here by the end of January.
1:22
Now many people don't expect it because of the four year cycle
1:28
and that's going to be the big question.
1:29
If Bitcoin breaks 125 in January, there is no four year.
1:34
Sign You had Trump talking about clarity in the crypto industry.
1:37
It's become amazing. I mean, it's the jobs that it
1:40
produces. And I noticed more and more
1:42
you're paying Bitcoin. I mean, people are saying it
1:44
takes a lot of pressure off the dollar and it's a great thing
1:48
for our country, so. You had the SEC chair giving a 4
1:52
minute speech explaining why Bitcoin and crypto represent the
1:55
most advanced financial system in the world.
1:57
This technology allows for privacy preserving tools that
2:02
the analogue world could not provide, such as zero knowledge
2:07
proofs, selective disclosure, and wallet designs that allow
2:12
allow users to prove compliance without handing over their
2:16
entire financial history or personal details to
2:20
intermediaries or to the government.
2:23
You even have charges being brought against Jerome Powell.
2:25
We're thinking about bringing a suit against Powell for
2:27
incompetence because think of it, these are two, These aren't
2:30
outstanding buildings. These are small buildings.
2:32
There's a shift happening in the attitude of Bitcoin, and it
2:34
seems like it's happening all at once.
2:36
Markets don't change when people get excited.
2:38
Markets change when people stop arguing.
2:40
And this week, people stopped arguing.
2:42
Many Americans are unaware that behind the scenes, the technical
2:47
backbone of the financial system is decades out of date.
2:51
Many, many years out of date. You know that Paul and others
2:54
are straightening it out, but payments and money transfers are
2:57
costly and take days or even weeks to clear.
3:01
Under this bill, the entire ancient system will be eligible
3:04
for a 21st century upgrade using the state-of-the-art crypto
3:09
technology. Who would have thought we would
3:11
have been saying that two years after?
3:14
Decades out of date. That's what he said.
3:16
Trump is telling us that we're on the verge of transforming our
3:18
entire financial system. Maybe that's why his son started
3:22
that mining facility. Wait, wait.
3:25
Eric. Eric Trump.
3:26
The Eric Trump runs a Bitcoin mining facility.
3:29
Oh yeah, he does. Hey friends, Eric Trump, welcome
3:35
to American Bitcoin. It's a little sneak peek of our
3:38
facility in Texas using American energy to mine Bitcoin right
3:43
here on American soil. We could not be more proud of
3:47
this facility. 35,000 of these servers right here, all liquid
3:51
cooled, securing network, mining Bitcoin every single day.
3:56
We mine about 2% of the world's Bitcoin supply and we safeguard
4:00
it every single day. So when people say that
4:02
cryptocurrency is intangible, it's not.
4:05
It's very tangible. And this right here guys is
4:08
living proof. Take a look at the company.
4:10
Come join us. We could not be more excited
4:13
about our growth. I truly believe that we're
4:15
building 1 of the great crypto companies anywhere on earth.
4:21
It's pretty bullish if you ask me.
4:22
There's also news about local and federal governments that are
4:25
positioning around Bitcoin. Arizona, for instance, just
4:28
introduced a bill to eliminate taxes on crypto.
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And recently, Florida just had news about entering the
4:33
strategic Bitcoin reserve space. Trump is even dunking on the
4:36
previous administration for selling Bitcoin, mostly during
4:38
the Biden administration. Fortunately, in recent years,
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the US government has foolishly sold 10s of thousands of
4:45
additional Bitcoin that were worth billions and billions of
4:49
dollars had they not sold them. But they did sell them, mostly
4:52
during the Biden administration. And not a good, not a good thing
4:56
to have done. From this day on, America will
4:59
follow the rule that every Bitcoin knows very well.
5:02
Never sell your Bitcoin. That's a little phrase that they
5:05
have. I don't know if that's right or
5:07
not. Who the hell knows, right?
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Who knows? Who knows, but so far it's been
5:18
right and well, let's keep it that way.
5:20
But. Here's the key point.
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Adoption stories are springing up all over the place just in
5:24
the beginning of this new year. I wonder what will spring up in
5:27
spring or October. I'm definitely dialing in my
5:30
rust in today with all the bullish news.
5:32
Crypto, and to me it's an industry.
5:34
I view it as an industry and I'm president.
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And if we didn't have it, China would or somebody else would,
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but most likely China. China would love to and we've
5:42
dominated that industry. It's a big industry, by the way.
5:44
In fact, when the stock market went down recently, crypto and
5:47
Bitcoin and all of that went down much less than anybody else
5:51
as a group. And we've created a very
5:53
powerful industry and that's much more important than
5:56
anything that we invest in. We we invest in it.
5:59
But really that was an industry that wasn't doing particularly
6:02
well. I got involved with it a couple
6:04
of years ago and before this toll, before the second term, I
6:08
got involved before I decided to run.
6:11
I only decided to run because I saw what was happening and Biden
6:14
was incompetent and the administration was crooked and
6:17
incompetent and I was in Bitcoin then not not knowing if I was
6:22
going to do it a third time. So it's become amazing.
6:27
I mean, it's the jobs that are producers.
6:29
And I notice more and more you're paying Bitcoin.
6:32
I mean, people are saying it takes a lot of pressure off the
6:34
dollar and it's a great thing for our country.
6:37
So I I don't care about investing.
6:40
You know, I have my, my, I have kids and they invest in
6:43
different things. They do believe in it, but I'm
6:45
president. And what I did do there is build
6:48
an industry that's very important.
6:49
And you know, if we didn't have a China would OK.
6:53
And not to totally switch gears here, which is what people say
6:56
when they are totally ready to switch gears, but here's more
6:59
bullish news for Bitcoin. The current Fed chair for Jerome
7:02
Powell and his band of brothers down at the Fed might actually
7:06
have some explaining to do. So we're taking a look and it
7:10
looks like it's about 3.1 billion.
7:12
It went up a little bit or a lot, so the 2.7 is now 3.1.
7:18
I'm not aware. Of that, yeah, it just came out
7:20
yeah, I. Know I haven't heard that from
7:23
anybody at the. Fed yeah, it just.
7:29
Came our nose said about 3.1 as. Well. 3 point. 13.2.
7:33
This came from us. Yes.
7:35
Remember this clip of Jerome and Trump side by side during a
7:38
walkthrough of the new ad to the Fed building?
7:40
Well, this week, Trump announced that he's considering legal
7:43
action against Jerome Powell over incompetence.
7:46
Take a look. We're thinking about bringing a
7:48
suit against Powell for incompetence because think of
7:51
it, these are two, these aren't outstanding buildings.
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These are small buildings, he said. 4 billion more.
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It's going to end up costing more than $4 billion, Four
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billion. It's the highest price of
8:00
construction. Again, Democrats highest price
8:03
of construction per square foot in the history of the world.
8:06
Gorgeous monuments are built for a much smaller price.
8:09
So we're thinking about bringing a gross incompetence, what's
8:13
called gross incompetence lawsuit.
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It's gross incompetence against Powell.
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The guy's just incompetent. There is nothing you can do
8:19
about it. He's just a very incompetent
8:21
man. Powell, of course, responded
8:22
with scathing backfire. Well, wasn't necessarily
8:26
scathing, more like a character in an oatmeal commercial.
8:29
On Friday, the Department of Justice served the Federal
8:32
Reserve with grand jury subpoenas threatening a criminal
8:35
indictment related to my testimony before the Senate
8:38
Banking Committee last June. That testimony concerned, in
8:43
part, a multi year project to renovate historic Federal
8:47
Reserve office buildings. I have deep respect for the rule
8:51
of law and for accountability in our democracy.
8:55
No one, certainly not the Chair of the Federal Reserve, is above
8:58
the law. But this unprecedented action
9:01
should be seen in the broader context of the administration's
9:04
threats and ongoing pressure. This new threat is not about my
9:09
testimony last June or about the renovation of the Federal
9:12
Reserve buildings. It is not about Congress's
9:15
oversight role. the Fed, through testimony and other public
9:18
disclosures, made every effort to keep Congress informed about
9:22
the renovation project. Those are pretexts.
9:26
The threat of criminal charges is a consequence of the Federal
9:29
Reserve setting interest rates based on our best assessment of
9:33
what will serve the public, rather than following the
9:36
preferences of the president. This is about whether the Fed
9:40
will be able to continue to set interest rates based on evidence
9:43
and economic conditions, or whether instead monetary policy
9:46
will be directed by political pressure or intimidation.
9:51
I have served at the Federal Reserve under 4 administrations,
9:54
Republicans and Democrats alike. In every case, I have carried
9:59
out my duties without political fear or favor, focused solely on
10:03
our mandate of price stability and maximum employment.
10:08
Public service sometimes requires standing firm in the
10:11
face of threats. I will continue to do the job
10:14
the Senate confirmed me to do. Now, why would this interaction
10:17
be bullish for Bitcoin? Well, it seems that more and
10:20
more pressure is being put on the Fed to stop their
10:22
shenanigans and to start firing up the money printer, which is
10:25
also in discussion. Powell also mentions a hidden
10:28
fear of his, which is that the public will no longer need the
10:31
Fed and that Square is pretty solid with the properties of
10:33
Bitcoin, as Bitcoin is really its own central bank network,
10:36
with the only difference being that no one person controls it
10:40
and anyone has access. What you're seeing right now is
10:42
the early stages of adoption, or perhaps it's the middle stages
10:46
or the late stages. I'm not really sure what stage
10:49
it is. But the broader crypto media is
10:52
talking less about memes. There's more discussion around
10:55
long term positioning, and there are fewer ideological arguments
10:59
and more pragmatic ones. And that's how you know that
11:01
something is maturing. And if you've been around long
11:03
enough, you've seen this pattern before with the Internet, with
11:07
smartphones, with social media, with cloud computing.
11:11
First it's mocked, then it's debated, then it's assumed, then
11:15
you win. Something like that, right?
11:17
Like if you roll the clock back to 2007, Steve Jobs invents the
11:22
iPhone and you know, people thought, oh, it's a toy.
11:26
By 2009, the iPhones got an App Store.
11:29
And if you understood anything about software, the iOS is a
11:33
new, it's a new operating system.
11:35
And it's going to be its own ecosystem, at least as important
11:39
as the web. And it's going to, it's going to
11:42
spawn an entire new generation of applications, right?
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And the mobile wave is responsible for what, like $5
11:48
trillion, Five, 10, five to 10 trillion dollars of wealth over
11:56
the next decade. Can you imagine someone sitting
11:59
around saying, oh, I get mobile device technology and you're
12:01
trying to time the market in Apple stock in 2011.
12:05
Like you're buying and selling Apple stock in 2011.
12:08
I'm like, you're like, you want to shake?
12:10
I'm like, are you out of your mind?
12:11
I'm, I'm trading Facebook stock back and forth between $8 a
12:15
share and $4.00 a share and $12.00 a share.
12:19
And you're, you just want to do this like, like, do you not
12:23
understand that one day every single person on the planet is
12:28
going to have one of these things in their pocket and it's
12:31
going to go up by a factor of 100?
12:34
And you're trying to like trade Apple stock between $1.25 and
12:39
$1.17 and bragging about how you bought it $1.25 and sold it at
12:44
$2.11. And have you figured out the
12:47
consequences of being short the share if it goes up by $100?
12:52
Like the amount that like, are you out of your mind?
12:56
By the way? Like I, I spent 30 years in the
13:00
business and I obsess over this every single freaking minute of
13:03
the day. And I wrote a book on it, right?
13:06
I wrote. The book.
13:07
Now let's address the objection because ignoring it would be
13:10
dishonest. Yes, people have said adoption
13:13
is coming for years. They have.
13:15
So what's different now? Well, here's the difference.
13:17
Before the question was, can Bitcoin survive?
13:19
Now the question is, how do we integrate it responsibly?
13:22
That shift only happens after something passes the point of no
13:25
return, and once that happens, the market doesn't need your
13:28
belief anymore. Comes the next step, a good
13:31
bipartisan effort by both houses of Congress to bring certainty
13:37
to again to the market structure regarding cryptocurrencies.
13:41
And this fits in with the president's focus on making
13:46
America the crypto capital of the world.
13:48
So if you have clear legislation and clear rules, then you have
13:52
certainty in the marketplace. And so I think, you know, we're
13:56
behind it. We are very bullish on on the
14:00
effects of a bill getting to the the president to be signed this
14:06
year and I think that'll really be a huge help to the crypto
14:11
marketplace and for investors in that.
14:13
Adoption doesn't look like everyone's buying Bitcoin all at
14:15
once. It looks more like institutions
14:18
dipping a toe, or regulators changing language for toe
14:21
dipping, or capital plunging their entire feet while sealing
14:25
their lips. It's boring, it's subtle, and
14:28
it's exactly how every major system change begins.
14:31
Which brings us to tools. Because belief without tools is
14:36
useless. I'm going to pause here for one
14:37
moment and mention SAT 123.com, which provides satellite phones
14:41
that work even when cell towers, Internet, and power grids do
14:44
not. If you don't have signal, if you
14:45
don't have infrastructure, it's no problem.
14:48
These phones connect directly to satellites, meaning that you
14:50
still have communication even when everyone else goes dark.
14:53
So go to sat123.com and use the promo code code simply for 15%
14:58
off your entire purchase. Bitcoin teaches you one thing
15:00
early redundancy is paramountandsat123.com is like
15:04
an entire website of redundancy for communication.
15:07
Accidental lost seed phrases and clumsy backups are how people
15:10
get wiped out. If you're serious about taking
15:12
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15:15
check out the bitcoinway.com. They'll walk you step by step
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15:23
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Plus there's even on demand support for advanced topics like
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Get started at the bitcoinway.com/beyond Bitcoin
15:43
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15:45
Because if you're going to take self custody of your Bitcoin,
15:47
you need to do it with confidence, not fear.
15:50
So here's the part that most people miss.
15:51
People are always missing something, huh?
15:53
The real adoption moment isn't when Bitcoin becomes popular,
15:56
it's when sitting out of the conversation starts to feel
15:59
irresponsible. We're not there yet, but we're
16:02
close enough that people are repositioning now.
16:04
And that's what this week feels like with all the bullish news
16:07
coming out. It's not a celebration or
16:08
euphoria. It's more like preparation, like
16:11
it's coming. Bitcoin is a network, but most
16:13
people still experience it alone.
16:15
That's why you should go to download the Club Orange app,
16:17
formerly the Orange Pill app. So if you're familiar with the
16:20
Orange Pill app, it's now called Club Orange.
16:23
It's a Bitcoin only social network built to help you find
16:26
real Bitcoiners near you, discover events and connect with
16:29
other merchants and communities that actually live Bitcoin.
16:32
Go to Club Orange today and download the app.
16:35
You can DM me at Oceans OSHINSI read all my messages there and I
16:40
look forward. I hearing from you now back to
16:42
the show. As we can see with all the
16:43
bullish news coming out this week, adoption sometimes arrives
16:46
at the fireworks, but most of the time it's pretty quiet.
16:49
It's through language, behaviour and assumptions.
16:52
And by the time it's obvious, the opportunity to position
16:55
early is already gone. So make sure you go out there
16:58
and you study some Bitcoin. I'll see you in the next one.
17:01
Anyway. Thank you so much for watching
17:02
this video. If you like what you see and you
17:04
want to see more, make sure you hit that like button below or
17:07
you can subscribe to the simply Bitcoin channel for more content
17:09
like this. We're coming out with it every
17:10
every single day of the week. Also, do not forget to hit that
17:13
notification bell. I'm oceans.
17:16
This is beyond Bitcoin. Until next time.