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The Best Explanation Of Why Bitcoin Is Going to $1M | Bitcoin Simply · Simply Bitcoin

• 0:00
  All right, y'all, we're living in crazy times.
• 0:02
  Jerome Powell is being referred to the Department of Justice for
• 0:05
  potentially lying underoath. And what's even crazier is that
• 0:08
  after 100 years, someone is finally going after the Fed.
• 0:12
  Look. Joe I I think that what we need
• 0:17
  to do is examine the entire Federal Reserve Institution and
• 0:22
  whether they have been successful.
• 0:24
  Meanwhile, the President of the United States just posted a clip
• 0:27
  from Peter Van Volkenburg that some people say is the greatest
• 0:30
  Bitcoin explanation of all time. Are we living in a simulation?
• 0:34
  We've got Lynn Alden replying to your neighbor who occasionally
• 0:36
  tweets and makes us all realize that we're still so early in
• 0:41
  this whole Bitcoin journey today.
• 0:42
  I thought it'd be good for us to slow down, to do an episode for
• 0:45
  the normies, the beginners, the newcomers, and I'll share what I
• 0:48
  think is the best explanation for those getting into Bitcoin
• 0:52
  and 2025. This is Dante Cook with Bitcoin.
• 0:54
  Simply, let's go. Here we are 120 basically on on
• 1:03
  Bitcoin, which you used to say at 70 and you know that that it
• 1:09
  was a 60% move or something that you were.
• 1:11
  Yeah. Forecasting is within the next
• 1:14
  couple of months or at least this year.
• 1:15
  Here we are now what, 150? I think the 200 to 250,000 for
• 1:20
  Bitcoin still makes sense because that would still only
• 1:23
  value it at 25% of the size of the gold market.
• 1:26
  OK, so I think digital gold means Bitcoin should be worth
• 1:30
  over 1,000,000 per Bitcoin and it could happen in the next few
• 1:33
  years, but maybe pricing 25% of that, especially with Genius Act
• 1:37
  makes sense. Are you going to?
• 1:39
  If you're a newbie, you're probably wondering why a guy
• 1:42
  with no facial expression will say that we're going to have 200
• 1:45
  to 250 K Bitcoin and eventually $1 million Bitcoin without
• 1:49
  skipping a beat, without any sort of pause or hesitation.
• 1:52
  That's Tom Lee, and he's been going on CNBC and saying this
• 1:55
  for years. And all throughout the years,
• 1:56
  people have called him crazy. People like our guy Jared.
• 1:59
  Our guy Jared posted this on Twitter.
• 2:01
  Bitcoin Bros are some of the most optimistic, dumbest people
• 2:04
  on the planet. It's gone up a lot is their only
• 2:07
  argument as to why it's worthwhile and an amazing
• 2:10
  fashion and true to why we love the Internet and we love x.com.
• 2:14
  Lynn Alden, one of the greatest macro investors in the world,
• 2:17
  replied back, having gone up a lot for 16 years.
• 2:20
  Evidence of its worth, Not an argument for it.
• 2:22
  The argument for it is that it's a portable debasement resistant
• 2:25
  confiscation, resistant money, the preeminent decentralization
• 2:28
  Ledger amid an ocean of centralized ones.
• 2:31
  After Lynn replied, Bitcoin Twitter activated and blasted
• 2:34
  Jared with a bunch of evidence as to why he might be wrong.
• 2:37
  His response was telling, someone said.
• 2:40
  But it's never endured through a massive downturn a la the great
• 2:43
  Financial crisis. No, it was born from the great
• 2:45
  Financial crisis because of the money manipulation.
• 2:47
  But we won't go there. Bingo.
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  It's only existed during a massive bull run.
• 2:51
  When a big downturn hits, Bitcoin will drop 90% because it
• 2:54
  has no floor. There is no liquidation value.
• 2:56
  OK, a couple of things I want to reply to.
• 2:58
  People use logic like this to not invest in the Bitcoin all
• 3:01
  the time and let me dispute a couple of things.
• 3:04
  Here's the 200 week moving average of Bitcoin, showing that
• 3:07
  roughly every four years the average price of Bitcoin has
• 3:10
  done nothing but gone up and it doesn't dip below that price
• 3:14
  very often, which means if you hold for four year periods,
• 3:17
  well, your value goes up in Bitcoin.
• 3:19
  Let's compare that to a stock like Microsoft.
• 3:21
  When you look at Microsoft during the tech bubble, if
• 3:23
  you're going to cite Bitcoin as a bubble, well, Microsoft peaked
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  in December of 1999 at 50, $7.00 a share, about $615 billion in
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  market cap as a company. Do you know when the next time
• 3:34
  that Microsoft surpassed that market cap in value?
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  17 years later, Microsoft ended 2016 with a market cap of $438
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  billion. Was Microsoft overvalued or a
• 3:45
  bad investment during that period?
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  No, it depends on your time horizon and Bitcoin has an even
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  better than the greatest performing stocks like Amazon or
• 3:53
  Microsoft over long periods of time.
• 3:56
  President Trump just tweeted one of the clips of Peter Van
• 3:59
  Volkenburg where he's giving a speech to Congress.
• 4:01
  And they say it's one of the greatest Bitcoin explanations of
• 4:04
  all time. But I think there was one that
• 4:06
  was better that was just dropped.
• 4:08
  Being careful here and not making explicit price
• 4:10
  predictions, what I will say is I think the very simple mental
• 4:14
  model to use in Bitcoin is that Bitcoin equals Fiat liquidity
• 4:20
  plus technology. It's a very simple idea that if
• 4:23
  you believe technology will continue to improve the world
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  and that the story of humanity is engineering a better world,
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  and you believe that there's going to be more Fiat existing
• 4:32
  in the future than there is today, governments and central
• 4:35
  banks will continue to print money and run deficits.
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  Bitcoin is the best way to express that idea.
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  It's the best way to monetize that future.
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  And so for me, Bitcoins price appreciation is largely centered
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  around is the technology continuing to innovate and
• 4:51
  disrupt existing industries and our governments and central
• 4:55
  banks continuing to debase currency and print money.
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  Bitcoins been the best expression of currency
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  debasement. It's been the best barometer or
• 5:03
  index for Fiat liquidity globally.
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  Over the next 12 to 18 months, I see a lot more Fiat liquidity.
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  I mean, we've heard that the Genius Act unlocks 3 1/2
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  trillion dollars worth of liquidity from banks and capital
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  accounts at the Fed. We know Fannie Mae and Freddie
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  Mac wants to come back into the private markets.
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  We know that there's over $7 trillion in money market funds.
• 5:27
  And people have to remember that prices are set at the margin.
• 5:31
  If someone wants to buy one Bitcoin and no bitcoiner is
• 5:34
  willing to sell them a Bitcoin unless it's $500,000 per
• 5:37
  Bitcoin, well, guess what? The price of Bitcoin is now
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  500,000 and what people have to remember is that with such a
• 5:43
  scarcity, with such an asset that carries such scarce
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  dynamics, no amount of demand can create more supply.
• 5:50
  If everyone wanted an iPhone, Apple can just make more
• 5:53
  iPhones. That's why the price is not as
• 5:55
  volatile and as surprising to the upside because they can make
• 5:59
  more. If everyone wants a Bitcoin, we
• 6:02
  can't make any more. And so to get your Bitcoin, you
• 6:05
  have to go higher in the market. Hey, is there enough Bitcoin for
• 6:08
  me at 120,000? No.
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  How about 1:30? How about 1:40?
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  How about 150? And so prices are set at the
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  margin. And so if we see $10 trillion of
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  liquidity and the US financial system alone, not to mention
• 6:20
  economies like China, Japan that are equally in trouble or
• 6:23
  sometimes more, I think that the scarcest asset in the market
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  will have a very violent reaction to the upside and the
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  marginal price that we'll see could be very high.
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  That's typically how this asset responds to global liquidity.
• 6:37
  Jack gives us a great framework on how do we think about valuing
• 6:40
  Bitcoin. It's the best expression of
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  monetary technology improving, plus Fiat liquidity.
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  If we believe that Bitcoin is the best monetary technology,
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  and if we believe that Fiat liquidity will continue to
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  expand, which we do, then Bitcoin is the best investment
• 6:54
  vehicle for that thesis. Charlie Kirk has another simple
• 6:57
  model, which I think is pretty good.
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  There's nowhere else for billionaires to put their money.
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  I tend to agree agree with Michael Saylor that it's more
• 7:03
  likely to go to a million than 0.
• 7:05
  Yes, I think that's right. And by by the way, so you have a
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  problem of the world's richest people.
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  They don't know where to put their money.
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  So there's only so many penthouses in London and Paris
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  that they could buy. There's only so many ranches in
• 7:16
  Wyoming that they could buy. And so they we had this problem.
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  So you create all this money, the money goes upwards to wealth
• 7:22
  inequality point to your earlier point.
• 7:24
  The question is then, well, what do rich people do with money?
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  There's only so many equities they can buy.
• 7:27
  There's only so many shares in the Nvidian, Apple and Microsoft
• 7:30
  they could justify well, money needs to find a home, and it's
• 7:33
  found a home in Bitcoin. And so once it has mass adoption
• 7:36
  and the literally the wealthiest families on the planet are
• 7:39
  starting to park serious monies in Bitcoin, and because it's
• 7:42
  scarce, it's easy to transfer and it's just a winner.
• 7:46
  Sometimes there's a mass adoption and it just rises to
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  the surface. And I think Bitcoin is that.
• 7:51
  He cites Sailors saying that if it's not going to 0, then it's
• 7:55
  probably going to a million, which I also believe is true.
• 7:57
  And Sailor is influencing other people beyond just business
• 8:01
  owners and other billionaires. He's influencing people like
• 8:03
  Saquon Barkley, the running back for the Philadelphia Eagles, who
• 8:06
  thinks that he should have gone all in on Bitcoin and not just a
• 8:09
  little bit in. Helped me grow more confidence
• 8:12
  in my decisions. Yeah, absolutely.
• 8:15
  And if another athlete came to you today who's thinking about
• 8:18
  taking a portion of their contract in Bitcoin, what would
• 8:20
  you tell? Them I would never tell someone
• 8:22
  to how much money they should throw in.
• 8:25
  So funny story, Michael Saylor told me a couple years ago that
• 8:28
  I was like, how much do you think?
• 8:29
  And he was like, throw it all in.
• 8:31
  And I was like, I don't know if I should do that.
• 8:34
  Probably should listen to him because I think he's doing
• 8:36
  pretty well right now. But it would go back to just
• 8:40
  educate yourself. That's it.
• 8:41
  Like it's isn't anything that's not just only when it comes to
• 8:44
  crypto or come to investing. It's life.
• 8:47
  You got to educate yourself on stuff before you just step into
• 8:50
  it. If you go into a lot of things
• 8:52
  blind and don't have a lot of information on it probably don't
• 8:56
  end up end up well. But educate yourself, surround
• 8:59
  yourself with the right people and if that's something that you
• 9:01
  agree with or it hits home with you, then do as much as your
• 9:05
  your heart desires. Yeah.
• 9:06
  Knowing what you know today, would you go back and take your
• 9:09
  whole contract in Bitcoin? I mean, yeah, it just I guess
• 9:13
  depends though, right? I think I'll probably panic a
• 9:16
  little bit more when the dips happen, but.
• 9:19
  Celebrate a little. Bit and celebrate more with the
• 9:21
  wins. One of the ways to express a
• 9:24
  long term thesis on Bitcoin being the best performing asset
• 9:27
  of all time is that you never sell Bitcoin.
• 9:29
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• 10:01
  Simply. One of the ways that people
• 10:03
  express Bitcoin being the most valuable asset over time is that
• 10:06
  they don't just go it alone. Most people who want to protect
• 10:08
  their finances get a financial advisor, a coach, someone to
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• 10:33
  Back to the show. 1 of the reasons you shouldn't doubt
• 10:35
  Bitcoin is because since 2010. Here's the price and the
• 10:38
  performance of Bitcoin versus literally everything.
• 10:41
  And here's a great chart from Charlie Bolillo from Creative
• 10:44
  Planning, a financial advising firm.
• 10:46
  Since 1971, the years of which the SP500 has made an all time
• 10:50
  high is increasing and those blue streaks are continuing to
• 10:54
  be strung together at nauseam at this point.
• 10:57
  And that goes to show that the S&P 500 used to be the best
• 11:00
  expression of investing in the best technology in the world and
• 11:04
  Fiat liquidity expanding into those assets.
• 11:07
  And that's why it continues to make all time highs.
• 11:09
  That's why it continues to go up, not because it's a safe
• 11:12
  investment. Bitcoin is just a better form of
• 11:15
  that expression in 2025. And bitcoiners understand this.
• 11:19
  In fact, longtime hodlers hold 74% of all the Bitcoin and
• 11:23
  they're not selling. According to Check Matey.
• 11:26
  The realized cap of Bitcoin or the amount of money that people
• 11:29
  put their hard earned Fiat dollars into Bitcoin just
• 11:32
  reached a trillion dollars. That's right, one trillion.
• 11:35
  Did you say 1 trillion Dante? Groovy baby.
• 11:38
  For all the people like Jared who are out there who are still
• 11:41
  asking questions like how will Bitcoin survive the government
• 11:44
  trying to ban it? Well, it's pretty clear that
• 11:46
  this administration is pro crypto and specifically pro
• 11:49
  Bitcoin. They're not only going to not
• 11:51
  ban it this week even they're going to announce plans of how
• 11:54
  they're going to add Bitcoin to their treasury.
• 11:56
  This asset isn't going away and it's one of the only tools that
• 11:59
  they can use to get away from all of the debt that we've
• 12:02
  created since 1971 #2 it's too volatile.
• 12:06
  Well, if you don't like upper volatility, then I don't know
• 12:08
  what to tell you. It's been the best performing
• 12:10
  asset in the world 11 out of the last 14 years.
• 12:12
  And he says that a small number of people own the majority of
• 12:15
  Bitcoin. One, that's not true.
• 12:17
  We can see all of the addresses on chain.
• 12:19
  If they ever do sell their Bitcoin, we'll see it.
• 12:21
  And if they do sell their Bitcoin, we just gobble it up.
• 12:24
  It doesn't impact the fixed supply of Bitcoin 21 million,
• 12:27
  and it doesn't impact the fact that billionaires and everyone
• 12:31
  else are looking for ways to store value.
• 12:33
  Hope this episode was valuable for you newbies and I hope Jared
• 12:36
  continues to come to the light and has a little bit of humility
• 12:39
  in these conversations. Before you go, if you want to
• 12:42
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• 13:00
  Hope this episode was valuable for the newcomers and the
• 13:02
  beginners. As to why you should consider
• 13:04
  investing in the Bitcoin in 2025, this is Dante Coco Bitcoin
• 13:07
  Simply hay stacking.