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FORGET WALL ST: How the Biggest Bitcoin Attack Is Coming From Within! | Simply SatoSHE · Simply Bitcoin

• 0:00
  The CEO of the world's biggest Bitcoin exchange in the West is
• 0:03
  rumored to be aggressively trying to stop Bitcoin from
• 0:07
  being used in everyday purchases, sabotaging it on
• 0:10
  Capitol Hill right now. And why is that $1.35 billion?
• 0:15
  That's what Coinbase made last year on stablecoin revenue
• 0:19
  alone. 1.35 billion. A world where Bitcoin is
• 0:23
  everyday money is a world where that revenue stream takes a
• 0:26
  direct hit. Today I'm showing you how
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  Bitcoins most relentless lobby group is fighting back, what
• 0:32
  Jack Dorsey wants to know from Brian Armstrong and the clip
• 0:35
  that might tell you exactly where Bitcoin is headed in the
• 0:39
  next 6 months. You don't want to miss this.
• 0:41
  Let's go. It's Satoshi time.
• 0:45
  Welcome back to simply Bitcoins Satoshi.
• 0:48
  I'm Sophie Today, the Capitol Hill war over Bitcoins future,
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  how Coinbase's initiatives clash directly with yours, what Jack
• 0:57
  Dorsey is demanding publicly and why the war machines money
• 1:00
  printing addiction might be the most bullish Bitcoin setup we
• 1:04
  have ever seen. Let's start with something that
• 1:07
  should make you furious right now.
• 1:09
  Under U.S. law, every single time you buy coffee with
• 1:13
  Bitcoin, every $4.00 transaction.
• 1:16
  Let's be so for real. Coffee is not $4.00 right now.
• 1:18
  Maybe an espresso, but whatever, you got the point.
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  Every time you buy coffee you trigger a capital gains
• 1:24
  calculation, a reporting obligation to our good friends
• 1:27
  at the IRS. So basically you get the same
• 1:30
  treatment as a six figure asset sale.
• 1:33
  Congress already solved this problem for foreign currency
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  personal use. Foreign currency gains under
• 1:39
  $200 are tax exempt. Clean simple Bitcoin users get
• 1:44
  nothing, you get nothing. Senator Cynthia Lummis from
• 1:48
  Wyoming. The Bitcoin senator filed a
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  stand alone bill, $300 per transaction threshold, $5000
• 1:55
  annual cap. The Joint Committee on Taxation
• 1:57
  scored it revenue positive, $600 million generated over 10 years.
• 2:02
  The White House backed it. Treasury Secretary Besant
• 2:05
  personally offered to work with Loomis on guidance. 600 million.
• 2:10
  OK, So what happened after the Genius Act passed?
• 2:13
  A new bipartisan draft from Representatives Miller and Horse
• 2:16
  Ford showed up. De minimis relief, stable coins.
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  Only Bitcoin was excluded entirely.
• 2:23
  Relief was offered where it was least needed, withheld from the
• 2:27
  users getting the most punitive of treatment.
• 2:29
  BPI has been in 19 congressional offices in the last three
• 2:33
  months, pushing back the response.
• 2:35
  Bipartisan agreement that the stablecoin only approach is
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  wrong. But the window is closing.
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  Senator Lummis, the most important champion that this
• 2:45
  issue has, leaves the Senate in January 2027.
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  If a package doesn't come together in the next few months,
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  this opportunity may not come back for years.
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  Regulate that now. Here's where it gets personal
• 2:59
  Reports started circulating that Coinbase lobbyists, not some
• 3:02
  random shit coin outfit, the largest crypto exchange in
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  America, have been whispering to lawmakers that nobody uses
• 3:09
  Bitcoin as money, nobody uses Bitcoin as money, and that de
• 3:14
  minimis relief should cover sable coins only Bitcoin
• 3:18
  excluded. Like I said.
• 3:19
  Why would they do that, you ask? Well, follow the money.
• 3:23
  Coinbase pulled $1.35 billion in stable coin revenue last year,
• 3:28
  almost entirely from interest on U.S.
• 3:30
  Treasuries backing USDC. Bloomberg estimates that number
• 3:34
  could 7X under the Genius Act. So every person who uses USDC
• 3:39
  instead of Bitcoin is a person whose dollar sits in Coinbase's
• 3:43
  reserve pool, quietly generating yield for Coinbase, not for you.
• 3:48
  A world where Bitcoin becomes day-to-day money is a world
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  where that revenue stream takes a direct hit, so they're
• 3:54
  fighting it. And many of them are so inert,
• 3:56
  so hopelessly dependent on the system, that they will fight.
• 4:00
  To protect it. Jack Dorsey did what Jack Dorsey
• 4:05
  does. He went on X and called out
• 4:07
  Brian Armstrong directly and asked him to publicly confirm
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  whether Coinbase supports de minimis relief for Bitcoin, not
• 4:14
  just Sablecoins, Bitcoin. Coinbase's CPO pushed back and
• 4:18
  said they support Bitcoin friendly tax treatment, but BPI
• 4:22
  is demanding a public roundtable to clear the air because there's
• 4:26
  a difference between what you say in public and what your
• 4:29
  lobbyists are whispering on the Hill.
• 4:31
  Sound familiar? And this is this is exactly why
• 4:33
  self custody has never mattered more.
• 4:36
  If Coinbase wins this fight, Bitcoin stays trapped as a
• 4:39
  portfolio ticker and you stay dependent on a company whose
• 4:43
  incentives are not aligned with yours.
• 4:45
  The Bitcoin way is your Bitcoin IT team.
• 4:48
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• 4:52
  Over 20 years of expertise helping real people take real
• 4:56
  control of their Bitcoin simply, securely, and with you in
• 5:00
  complete control. Go to thebitcoinway.com slash
• 5:03
  simply to book your free 30 minute consultation.
• 5:06
  Tell them Satoshi sent you. OK, I have to talk about this
• 5:10
  one because even Coinbase's own marketing team knows the truth.
• 5:14
  They put out this ad and the vibes Immaculate but listen to
• 5:19
  what they open with. Every day the Fed prints an
• 5:24
  average of $465,000,000. That's 26,000 shipping
• 5:30
  containers a year created out of thin air.
• 5:35
  Maybe that's why the dollar loses value over time.
• 5:39
  But there's one thing they can never print more of Bitcoin.
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  At the size of 1/4, this is all there will ever be.
• 5:46
  Shouldn't a store of value hold its value?
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  I mean their own ad coin base showing you the money printing
• 5:55
  stats ending. There is one thing they can
• 5:59
  never print more of Bitcoin the. Government can't print gold,
• 6:03
  government can't print silver, government can't print Bitcoin,
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  and the government can print dollars, and they're going to
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  print a shit load of dollars. Then their lobbyists walk up to
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  Capitol Hill and work to exclude Bitcoin from everyday payment
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  tax relief. They know.
• 6:17
  They know exactly what Bitcoin is.
• 6:19
  They just want you to fight Fiat debasement with stable coins
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  that they control where the yield goes to them instead of
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  the money their own commercial is pointing you towards.
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  That's the whole game. Let's make this worse or better
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  for us. Now here's someone with no such
• 6:37
  conflict of interest. Jack Mahler is the CEO of the
• 6:40
  man who's done more to make Bitcoin a real payment network
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  than almost anyone alive. Just putting out the warning
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  that you needed to hear. It listen, it is what it is and
• 6:53
  and this is so bullish for Bitcoin.
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  They're going to have to print so much money.
• 6:58
  They're going to have to. Bitcoin is really priced with
• 7:01
  how much Fiat currency is sloshing around in the world.
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  And in order for all of this to play out and work, we have to
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  debase our currency, we have to devalue our debt, and we have to
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  create more Fiat. It's going to send Bitcoin
• 7:17
  nuclear. Bitcoin doesn't just go up
• 7:19
  because TikTok says so. It goes up because every new
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  dollar printed makes every existing dollar worth less.
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  When the Fed panics, Bitcoin gets a pay raise.
• 7:29
  That's not vibes. That's math.
• 7:31
  And Speaking of printing, let me introduce you to Professor
• 7:35
  Jiang. I hadn't heard of him last week,
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  but here he is, apparently now, the face of America's Ponzi
• 7:40
  economy. But remember.
• 7:42
  The problem with that is that U.S. economy is a Ponzi is
• 7:46
  dependent on the GCC investing in AI and tech stocks in sort of
• 7:54
  like Uber in order to finance the US economy.
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  If this financing stop, then the US economy could face collapse
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  war. Pops off oil spikes.
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  Congress magically finds another trillion dollars.
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  The rest of us are told to clap and keep swiping the card.
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  The only way the Fiat system survives is by dragging you
• 8:18
  deeper into debt while they print money to bail themselves
• 8:21
  out. The dip is real.
• 8:23
  The fear is real. The war debt is real.
• 8:26
  But the math as always, even realer and if you're watching
• 8:31
  all of this unfold and thinking, OK, I need to stack here's the
• 8:34
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• 8:50
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• 8:56
  You can get three chances to win 1,000,000 sats.
• 8:59
  That's 0.01 Bitcoin, not nothing.
• 9:03
  That's bitcoinwell.com/simply BTC.
• 9:06
  Let's close the show with two people you don't usually hear in
• 9:09
  the same sentence, Michael Saylor and Colonel Douglas
• 9:13
  McGregor, the Chad and the war planner, and both of them are
• 9:17
  saying the exact same thing. First, Saylor what?
• 9:20
  I would say on this topic is the US could own 20% of the network
• 9:25
  like that for free. The dollar would strengthen, the
• 9:29
  nation would be enriched. And the real promise is if you
• 9:33
  own 4 to 6,000,000 Bitcoin, you're going to pay off the
• 9:37
  entire national debt, you're going to neutralize it.
• 9:40
  We can generate A50 trillion to $80 trillion benefit to the
• 9:46
  United States, people, to the citizens, to the taxpayers, and
• 9:51
  we can do it simply by seeing the future.
• 9:54
  It cost $6,000,000 to buy Alaska.
• 9:57
  The payoff was a trillion. Just like right now.
• 10:00
  You can literally buy it for a song and dance.
• 10:03
  That's the opportunity. The risk is that you wouldn't
• 10:08
  want the Saudis to buy it first, or the Russians or the Chinese
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  or the Europeans. And there's only room for one
• 10:15
  nation state to buy up 20% of the network.
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  And obviously I think it should be the United States 50.
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  Trillion to $80 trillion. Eighty trillion.
• 10:27
  The Treasury already prints trillions to patch holes.
• 10:30
  If they swapped paper for sats, the asymmetric upside could
• 10:34
  dwarf any stimulus program ever written you.
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  Know I've. Long contended that anybody who
• 10:39
  has zero of this is really, really missing the most
• 10:43
  asymmetric bet that I've ever seen in 40 plus years of of
• 10:47
  making trying to make asymmetric bets whether.
• 10:49
  They ever do. It isn't the point.
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  The option exists and it's gaining believers in rooms where
• 10:55
  the actual decisions get made. And then there's Colonel Douglas
• 10:59
  McGregor. His day job used to be briefing
• 11:02
  generals, not hyping crypto. So listen to what he has to say
• 11:05
  about where Bitcoin is headed as.
• 11:07
  Bitcoin can go from 10,000 to 1,000,000 very, very quickly.
• 11:14
  Now, it's not going to be perfect.
• 11:15
  There will be speculation, there will be problems.
• 11:18
  It's a bumpy Rd. But I think ultimately it will
• 11:21
  prevail because you can also do business with it.
• 11:23
  But my point to people is, and I, I don't know what the what
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  the final outcome will be, that's fine.
• 11:30
  Get back into it because it will go like a rocket.
• 11:35
  People are just talking about what's going to be worth
• 11:37
  $1,000,000 a coin. It's coming.
• 11:39
  They're right. May not be coming quickly, but
• 11:42
  it's coming when a. Career military strategist says
• 11:45
  he isn't making number go up memes.
• 11:47
  He's acknowledging what Professor Jiang just warned
• 11:50
  about. the US economy is a debt Ponzi scheme that only survives
• 11:55
  by printing faster. In that world, hard assets don't
• 11:58
  drift, they reprice violently. McGregor's telling you to be on
• 12:02
  the right side of that. So whether it's a corporate
• 12:05
  executive calculating how to vaporize the national debt or a
• 12:09
  war planner watching the Fiat system crack under its own
• 12:12
  weight, the conclusion is the same.
• 12:15
  You need Bitcoin before the next fiscal emergency forces everyone
• 12:19
  else to figure it out. And if you want to be in the
• 12:21
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• 12:44
  Do not sleep on this. Here's what I want you to walk
• 12:47
  away with today. The most powerful company in
• 12:49
  crypto is on Capitol Hill right now, fighting to make sure
• 12:53
  Bitcoin stays in the box. That's real.
• 12:56
  BPI is fighting back with 19 congressional offices and a
• 13:00
  window that closes in 2027. That's real.
• 13:03
  The war machine is printing faster than ever.
• 13:07
  That's real. But the math is even real
• 13:10
  Miller. Every dollar they print is a
• 13:12
  reason to stack. Every lobbyist they send to the
• 13:15
  Hill is a reason to self custody.
• 13:17
  Every coin based commercial showing you the money printing
• 13:20
  stats is an accidental argument for the money they don't want
• 13:24
  you to have. Stack responsibly.
• 13:26
  Self custody. Don't wait for Washington to
• 13:29
  save you. They're the ones lighting the
• 13:31
  fuse. That's not a lobby battle,
• 13:34
  that's a verdict. Thanks for watching simply
• 13:36
  Bitcoin Satoshi. Don't forget to smash the like
• 13:38
  button. Share the show with your
• 13:39
  friends. Drop a comment below.
• 13:41
  I read all of them. Follow me on X at Internet
• 13:44
  Sophie. And as always, stack, slay and
• 13:48
  say bullish baby.