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TRILLIONS Are About To HIT Bitcoin!? | Bitcoin Simply · Simply Bitcoin

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  The US Treasury just brought back $10 billion of its own
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  debt. This is the largest Treasury
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  buyback in history. And this comes on the heels of a
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  public dispute between Elon Musk and Donald Trump about the US
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  debt deficit. Elon is sounding the alarm about
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  irresponsible government spending.
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  Elon is urging Americans to kill the bill.
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  And I'm sitting back like Michael Jackson in the movie
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  theater watching this one. America's debt problem will not
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  go away. And any cuts, provisions, new
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  bills don't stop the fundamental problem that we have.
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  The system is broken and this will lead to trillions of
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  dollars pouring into Bitcoin. Buckle up, we got a fun one
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  today. This is Dante Coke with Bitcoin.
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  Simply, let's go. Surprise, surprise, the
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  Congressional Budget Office says that the new tax bill proposed
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  by Donald Trump and this administration will lead to a
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  $2.7 trillion deficit. In more surprising news, the
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  bill included a repeal of excise taxes on indoor tanning
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  facilities, which I can't blame Donald Trump for doing it.
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  The orange man has got to stay orange.
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  But the concern for Elon and many other Americans is that the
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  America that we knew will cease to exist.
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  And it's because debt has consequences.
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  You've had some business experience.
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  I'm kidding. But yeah, you know about this
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  stuff. Yeah, I, I mean really, I just
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  don't want America to go bankrupt.
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  So it's a call to action. You're feeling you're hearing a
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  call to action. Yeah.
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  You giving up your other stuff? I mean, what do you, how are you
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  running your other businesses? With great difficulty, yeah, I
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  mean. But there's no turning back,
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  you're saying? Did you hear that pause from
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  Elon? I feel like that's real angst.
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  That's a man stuck between his duty towards his country and
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  something bigger than himself and his own personal passions
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  and companies that he's running. The dudes truly in a hard spot.
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  But he's in this position because of decisions that were
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  made decades ago, like the United States making the mistake
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  to weaponize its currency in its position to help the world
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  rebuild after World War 2. And they got greedy and started
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  to extract value from the rest of the world.
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  And now we're in a spot where we've created our own.
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  Implicit in tariffs, What you are doing is you are extending
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  the tax franchise of the United States, and the tax franchise
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  continues beyond the border of the United States, right?
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  You've massive, you're the, the the sin was in allowing the
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  reserve currency to be a public good.
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  Then you could come in as a foreign entity and use pristine
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  U.S. Treasury capital and not be
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  charged for it. And the best sent at all that
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  you know, the, the genesis of intelligence in this
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  administration is like we, we got to change this.
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  Now you change that and you are increasing the tax revenue of
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  the US administration vis A vis the rest of.
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  The not only do we need foreign countries to buy our debt and
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  purchase our debt, which they're doing at lesser and lesser
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  levels, and American citizens are growing weary of all of the
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  burdens that taxes are putting on them.
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  It's a legitimate question. What value am I getting for my
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  tax dollars here in America? You get taxed on what you earn,
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  you get taxed on what you buy and you get taxed on what you
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  own. Taxes, taxes, taxes, you know,
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  and then what does it get spent on?
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  A bunch of the stuff it gets spent on you don't even agree
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  with. So you know that that's why we
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  we need to, we need to reduce the size of government and just
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  spend less money and let the people keep a lot more of their
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  hard earned money. Yeah.
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  So meanwhile, Bitcoiners are unfazed, unsurprised.
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  We've been saying that this is going to happen for years, while
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  the world continues to be in disbelief, like it's time to
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  wake up on the Pacers and Tyrese Halliburton.
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  Trillions of dollars are about to flow in the Bitcoin and you
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  need to wake up. Trillions of dollars in assets
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  under management and registered reps all over the country.
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  Financial advisors can now put people in Bitcoin.
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  We knew it was going to make it go up.
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  We knew the Trump administration was basically friendly to
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  crypto. This was such an inevitable
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  move. That's why it's gone higher now.
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  That's probably why it's going to continue to go higher because
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  Bank of America, for example, the biggest bank, has not yet
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  made that decision. And they are bound to.
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  The supply demand balance in Bitcoin is real, and you're
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  either going to have to pay up now or pay a lot more later for
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  the toddlers to be willing to sell at a certain price.
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  The $100 billion that I mentioned, institutions have to
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  either take up those newly minted Bitcoin and that's going
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  to happen over years and years or they'll have to pay up to get
• 4:53
  holders to sell it. So again, scarcity value will
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  drive or will increase because of the supply demand imbalance
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  with institutional investors really having very little
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  involvement yet. And so we think this is just the
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  beginning. Which isn't 150 thousand 200,000
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  billions of dollars are going to flow into this asset class and
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  you're going to have to pay a lot more to pry that Bitcoin out
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  of the old school hodlers hands because one of the things that
• 5:25
  the hodlers never do is sell their Bitcoin.
• 5:28
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• 5:31
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  or .25% off of that loan. If you go through learn dot
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  letting dot AO slash simply one of the things that we've been
• 6:10
  saying on this show over and over again as you see things
• 6:13
  like California saying that they will confiscate your Bitcoin if
• 6:16
  it hasn't moved off in exchange in three years.
• 6:18
  Well, this is a perfect time for you to learn how to take self
• 6:21
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• 6:39
  All right, Bitcoin isn't like a patient person from Indiana.
• 6:42
  It's like a New York Uber driver where if you're not there when
• 6:45
  you say that you're going to be there, they're going to pull off
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  and look for the next ride. And if you're not on Bitcoin
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  before we get going, Bitcoin ain't wait neither.
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  I promise you the movement will be remarkably quick.
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  And and the reason for that is it has to be so quick that
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  because everyone else will prevaricate, they'll go maybe I
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  don't know, and I'll go shut up. Boom.
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  Like you got to, you got to be working it out.
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  Now be ready for it because when it when it just goes, it boom,
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  it goes. Right.
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  So what would be the catalyst for that amount of capital
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  coming into Bitcoin to to create that type of price move?
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  It's not a, it's not a huge amount of first of all, like you
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  don't need 20 truing dollars of capital to come.
• 7:30
  Speaking of Uber, their CEO Dara Kosmosiahi said that Bitcoin is
• 7:34
  more than just a store of value. It has practical value in the
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  world. The crypto that has a practical
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  benefit other than crypto is a store of value.
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  You know, obviously you can have your opinions on Bitcoin, but
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  it's a proven commodity will. And you know, people have
• 7:49
  different opinions on where it's going, but I do.
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  But back to our regular schedule programming.
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  George Gammon asked where all of the liquidity is going to come
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  from. Well, it's going to come from
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  some of the largest asset managers like Calamos, who say
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  that Morgan Stanley, UBS and Wells Fargo are coming to
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  Bitcoin. They at first Mackenzie like a
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  year ago, none of the banks want to even talk about it.
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  And a lot of our success is putting our products on the
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  platforms of Morgan Stanley, of Bank of America Merrill Lynch,
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  of you know, Wells Fargo, UBS, that kind of thing.
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  But they've been reluctant to do anything Bitcoin related up
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  until now. Now they're all starting to
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  entertain it and little by little they're going to accept
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  it. So, and once we can get on to
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  all these platforms, we're going to really start to see a huge
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  spike in in. Interest.
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  It's asset managers like Franklin Templeton talking about
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  their customers allocating a sliver of their portfolio into
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  Bitcoin for the risk adjusted returns.
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  If you add just a sliver of Bitcoin to your overall
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  portfolio, your whole efficiency frontier shifts up and to the
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  right, but much more up than it does to the right.
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  So you don't have to add a massive amount of this asset for
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  really, really strong positive impact on on overall portfolio
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  performance and risk metrics. It's coming from investments
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  being made by people running Bitcoin nodes in their guest
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  bedroom of their house and waking up to win $330,000 by
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  mining a solo block. All right, first of all, this
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  $200,000 price target for 2025. Right now Bitcoin is at about
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  $103,000. What are the catalysts are going
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  to get us to 200? Yeah, it's great to be here.
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  The short answer to that is demand and supply.
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  The thing about about Bitcoin right now, the reason this is
• 9:31
  the best moment in history to buy Bitcoin on a risk adjusted
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  basis, is there's just too much structural demand for the amount
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  of supply in the network. Bitcoin only produces 165,000
• 9:42
  Bitcoin per year. Last year ETF's bought half a
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  million Bitcoin. I think they may buy more than
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  that this year. Add on corporate buying and
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  government buying, there is just too much demand.
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  I don't think anything stops the train.
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  We feel more confident about that $200,000 prediction today
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  than we made it in December of 2020.
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  It's coming from gold companies like Bluebird who mine in South
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  Korea and are going to be selling their gold to build a
• 10:05
  Bitcoin treasury. The signs are everywhere and if
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  you don't understand it, that's your fault.
• 10:10
  I'm kidding. If you don't understand it, keep
• 10:12
  watching this show and you'll probably learn overtime that
• 10:14
  Bitcoin is the best place to put your money over the next 10
• 10:17
  years. And if you don't believe me,
• 10:19
  believe a senator like Cynthia Lummis who says that this is the
• 10:22
  10 year golden window. Of modeling that shows that
• 10:26
  Bitcoin is going to increase dramatically and then more
• 10:31
  slowly over time. All of the Bitcoin, meaning 99%
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  of all the Bitcoin that will ever be mined, will be mined in
• 10:40
  the next 10 years. So this asset has growth
• 10:43
  potential for the next 10 years. That's tremendous.
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  I think the American people should admire the fact that
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  President Trump was foresightful enough to engage in the digital
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  economy. Everyone is going to be involved
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  in this economy in one way or another, and I'm proud of the
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  president for choosing to engage in this very promising component
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  of the economy. Like Tyrese Halliburton's dad,
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  Bitcoiners are comfortable being the only ones in a sea of people
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  who don't believe what we do. We'll be OK.
• 11:14
  And Speaking of a dude solo mining Bitcoin out of their
• 11:17
  guest bedroom or their parents basement, what is Bitcoin
• 11:20
  mining? Why are people celebrating
• 11:21
  Bitcoin hitting the 900 thousandth block?
• 11:24
  Well, you can learn all about it by coming down to Dallas, TX to
• 11:27
  the world's largest Bitcoin mining Expo, Bitcoin Mining
• 11:31
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  powering the revolution of Bitcoin.
• 11:39
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• 11:43
  at checkout. Thanks for watching the show
• 11:44
  today. This is Dante Cook with Bitcoin.
• 11:46
  Simply Happy stacking.