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Bitcoin Derangement Syndrome Is REAL | Here's How You Spot It... | Bitcoin Simply · Simply Bitcoin

• 0:00
  I've never once considered that we're living in a simulation
• 0:03
  until now. The world is crazy.
• 0:05
  The president of the United States is discussing World War
• 0:08
  Three next to an Easter Bunny. An oil tanker just exploded
• 0:11
  under a bridge in the Panama Canal, confirming our worst fear
• 0:15
  that the energy crisis may actually be getting worse.
• 0:18
  But even crazier than those things, another economist just
• 0:21
  said that he thinks that Bitcoin is going to 0.
• 0:24
  Today, we're going to break down a new viral infection spreading
• 0:27
  across the globe, infecting millions and infecting your
• 0:30
  portfolio. Bitcoin derangement syndrome.
• 0:33
  We're going to show you what it means, how to spot it, and why
• 0:35
  it means. We're still early.
• 0:36
  This is a spicy episode, but I'm excited for it.
• 0:39
  This is Dante Coco Bitcoin sampling.
• 0:41
  Let's go. Here comes Peter Cottontail
• 0:48
  hopping down the Bunny. Trail.
• 0:52
  When I walk down into the lobby of my hotel and I see an Easter
• 0:55
  Bunny fighting like this, it only makes sense that I would
• 0:58
  have him right by my side as I'm discussing World War Three with
• 1:02
  the rest of the world. Tori and I don't think it gets
• 1:04
  much more hostile than Iran. They're capable fighters.
• 1:08
  They're very tough people, and there are others like that.
• 1:11
  You don't mind when the enemy is weak, but that enemy is strong.
• 1:15
  Not so strong like they were about a month ago, I can tell
• 1:17
  you. In fact, right now they're not
• 1:19
  too strong at all in my opinion. But we're soon going to find
• 1:22
  out, aren't we? Make no mistake, there is a
• 1:25
  clinically diagnosed disease called Trump Derangement
• 1:28
  Syndrome. It's where there's no
• 1:30
  accountability in the world over things that happened under
• 1:32
  previous administrations, and everything in the world is
• 1:35
  Trump's fault. But also, make no mistake about
• 1:37
  it, there's a strong possibility that Trump himself is deranged.
• 1:41
  Actually, there is no question Trump is deranged you.
• 1:45
  Know Biden would use the auto pen.
• 1:48
  You have an auto pen following, You know, Joe Biden, he didn't
• 1:51
  sign it. He was incapable of sounding the
• 1:53
  same. So they'd follow him around with
• 1:55
  this big machine. You know what I'm called An auto
• 1:58
  pen. Let me pause for a second and do
• 2:00
  my Drewski wipe. This dude is pure comedy.
• 2:04
  The sound bites from this dude are endless.
• 2:06
  Like trolling Joe Biden in front of elementary school kids is
• 2:09
  legendary, but the volatility he creates in markets is endless.
• 2:13
  And just like there is Trump Derangement Syndrome in the
• 2:16
  world and Trump is deranged, Bitcoiners may actually be a
• 2:19
  little bit deranged. But there is also a clinically
• 2:21
  diagnosed disease called Bitcoin Derangement Syndrome.
• 2:25
  When people get insane when Trump is discussed, well, the
• 2:28
  same thing happens with Bitcoin I'm.
• 2:30
  Going to try to pick a bottom on crypto right now.
• 2:33
  I think they're insane. I think that they underestimate
• 2:36
  the volatility. I mean, I might pick up some
• 2:38
  Bitcoin at 50,000 there. I said it because I hate my
• 2:41
  money. But I think when people listen,
• 2:44
  this is just a risky asset like everything else.
• 2:46
  Do you really think that if the broader markets and earnings
• 2:49
  fall apart, the crypto's going to be your saviour?
• 2:52
  Then we're going to have these young guys in college sitting
• 2:55
  around, you know, making prediction bets all day long.
• 2:58
  If the broader economy is in recession, they won't have any
• 3:01
  money. So this idea that there's this
• 3:03
  part of the market that's going to be insulated from anything is
• 3:06
  laughable. The earnings are non existent.
• 3:09
  And I think as far as this brave New Hope, it's just as old as
• 3:12
  the AI trade right now. I think what people need to do
• 3:15
  is sit back, start counting their cash, and think about
• 3:19
  doing some strategic buying in real things with real earnings.
• 3:23
  Because this whole crypto tokenization prediction market,
• 3:26
  this is gambling, and you're going to have regulators start
• 3:29
  coming out. It's full of insider trading.
• 3:31
  It's got a lot of fleas on it. I'd rather have companies that
• 3:34
  actually earn money. I'd rather be long in ExxonMobil
• 3:37
  right now because oil's going to stay high for a little bit.
• 3:41
  I'm not saying 200, but you know what I mean.
• 3:43
  Whoa, whoa, whoa, buddy, there's a little foam on your mouth.
• 3:46
  I'm about to flash this cross on you, you vampire.
• 3:49
  This is a clinic diagnosis case study for BDS Bitcoin
• 3:53
  Derangement Syndrome. Bitcoin has got fleas on it.
• 3:56
  You might as well burn your money.
• 3:58
  This dude is insane. I could tell he was crazy by how
• 4:00
  fast his mouth was moving and the fact that his hair didn't
• 4:03
  move at all. That's entirely too much
• 4:05
  product, my man. You can tell someone has Bitcoin
• 4:07
  Derangement Syndrome when they fly off the handle.
• 4:09
  About things that get a very simple question.
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  Bitcoin is an asset that is a protocol.
• 4:14
  That'd be like you getting pissed off about people being
• 4:17
  excited about the Internet or Wi-Fi.
• 4:19
  You can also tell someone has Bitcoin Derangement Syndrome if
• 4:21
  they're constantly talking about how Bitcoin has outperformed
• 4:24
  every other asset and they're a bit bitter in their post about
• 4:27
  how they didn't invest in it back when it was early enough
• 4:30
  and they had an opportunity to do so.
• 4:32
  When you at people like Sailor who are much more successful
• 4:36
  than you, you're either engagement baiting or you're
• 4:39
  crazy. But dudes like him aren't alone.
• 4:41
  There's people like Peter Schiff, like the economy.
• 4:43
  I'm a Stephen Keene who missed out on Bitcoin early, who now
• 4:46
  says Bitcoin has no value because it requires energy to
• 4:50
  maintain and to create. I wanted to come back to
• 4:52
  something you actually said earlier.
• 4:53
  You talked about Bitcoin briefly.
• 4:55
  I've heard you say that you think bitcoins going to 0.
• 4:57
  Yeah. Okay, this is worrying.
• 4:59
  I think I have some Bitcoin. You're an economist?
• 5:02
  Yeah. You're saying that Bitcoin is
• 5:04
  going to 0. Why?
• 5:05
  Because ultimately because of its reliance upon energy.
• 5:08
  I mean, I'm, you know, GMX Kaiser and Stacey Herbert.
• 5:12
  Have you met them at all? No, they were sort of the
• 5:14
  original proselytizers for good Bitcoin.
• 5:16
  And they're now living in, I think, El Salvador, which has
• 5:21
  adopted Bitcoin as a form of currency.
• 5:24
  When they told me about Bitcoin, I could have bought it for a
• 5:26
  pound of a Bitcoin, which would have been, I would have been
• 5:28
  bloody, would be wealthier than you if I'd done that.
• 5:31
  The reason I didn't was they explained that the way that the
• 5:33
  public Ledger has kept safe is that it takes too much energy to
• 5:38
  break it. So each transaction requires 10
• 5:41
  minutes of computer processing time globally, by the looks of
• 5:45
  it, to actually create an extra Bitcoin.
• 5:48
  And that means it's too expensive for somebody to try to
• 5:51
  break the Ledger. That means it's got a huge
• 5:54
  requirement for energy use. And I believe knowing what I
• 5:59
  know from climate scientists, that at some point we're going
• 6:02
  to realize we're using far too much energy on the planet.
• 6:05
  We've got to cut the energy consumption.
• 6:07
  And the two easiest things to cut out to reduce energy
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  consumption A cryptocurrencies and international travel let.
• 6:13
  Me give you another perspective, a perspective from a $1.7
• 6:16
  trillion asset manager. They don't think the crypto is
• 6:19
  dead. They think that people are crazy
• 6:21
  who think that it will be. Name 1 overhyped and under hyped
• 6:24
  crypto narrative. Over hyped crypto narrative.
• 6:30
  Crypto is dead. All good answer.
• 6:33
  Every time there's a market pulled back, crypto is dead.
• 6:35
  This is the end of it. Never happens.
• 6:37
  Crypto is going to be around long after any of us are under
• 6:40
  hyped. Tradfi coming into crypto is
• 6:42
  going to make crypto better. Spicy, very spicy, yeah, Over
• 6:47
  hyped. I struggle with that one because
• 6:49
  I think fundamentally crypto is still very much under hyped.
• 6:51
  Like it's just it doesn't. The true innovation that it
• 6:55
  represents people have not appreciated at all just yet.
• 6:58
  This is something that Bitcoin hodlers don't know until it's
• 7:02
  too late, until they realize that they're sitting on a gold
• 7:04
  mine of wealth that's going to be around a lot longer than they
• 7:06
  are. They don't realize that they
• 7:08
  can't unlock wealth from their Bitcoin without selling it.
• 7:11
  And you know what? Selling means taxes.
• 7:13
  Selling means exiting your position, and selling means that
• 7:15
  you lose. And that's why Leaden fixes
• 7:18
  that. Leaden is trapfy coming to
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  Bitcoin, but for everybody else. Leaden allows you to get wealth
• 7:24
  from from your Bitcoin without selling your Bitcoin.
• 7:26
  It's a Bitcoin back loan. You keep your stack, you repay
• 7:29
  it at anytime. There's zero penalties, zero
• 7:31
  capital gains and 0 monthly payments.
• 7:33
  Letting just drop their lowest rates ever.
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  No fine print, no complexity. The larger your loan, the lower
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  the rate. Here's why I trust letting
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  personally. Bitcoin is custody at all times
• 7:43
  and never lent out. You get LTV or lifetime to value
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  alerts so that you never get margin called out of your
• 7:50
  position. You can auto top up your loan at
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  any time. They've done $10 billion worth
• 7:54
  of loans and never lost a single centre side of customer money.
• 7:57
  And that's why you should use the link below to get started.
• 7:59
  All right, people are a little bit crazy out there are people
• 8:02
  who trust the banks with their wealth and believe that it's all
• 8:04
  safe and it's all theirs. It's not.
• 8:06
  It's called fractional reserve banking.
• 8:08
  Bitcoiners have taken the other crazy approach which is they
• 8:11
  take self custody of their Bitcoin.
• 8:13
  But some of them have learned through YouTube videos and how
• 8:16
  to do it on their own in the hard way.
• 8:18
  But you can get a coach of the Bitcoin way.
• 8:20
  Members of their team will walk you through step by step of how
• 8:22
  to custody your Bitcoin like a crazy person so that you can
• 8:25
  protect your wealth sovereignly. Go to
• 8:27
  thebitcoinway.com/partner/dante Dash Cook to get started and a
• 8:32
  member from their team will reach out and walk you through
• 8:34
  self custody and why it's so crazy.
• 8:37
  There's some people out there who believe that the only way to
• 8:40
  have a world that is sustainable is to move to net zero.
• 8:43
  People like Mark Carney, the Canadian Prime Minister.
• 8:46
  We're having this ruthless, relentless focus on net zero
• 8:49
  because in the end, look, we can't stabilize the climate
• 8:52
  unless we get to net zero. And it's a simple these are hard
• 8:55
  numbers. Your emissions are either A or
• 8:57
  B, they're going up or down. And if they're going down, are
• 9:00
  they going down consistent with the science we anchor it in, the
• 9:04
  science, the same science the UN and others use for the one a
• 9:07
  half degree objective. We're anchored in science.
• 9:09
  We've heard that before. Those people only want one
• 9:12
  thing, which is control over you, your decisions, and the
• 9:14
  money that they're able to print to Infinity.
• 9:17
  What's more deranged? Sound money, spending less than
• 9:20
  you earn using the resources that God gave us on this earth
• 9:23
  to power humanity in the things that we need to survive?
• 9:26
  Or the fact that you can, with a straight face, like leaders in
• 9:30
  California, say that you need $125 billion to finish a project
• 9:35
  that's already lost 10s of billions of dollars and has not
• 9:37
  laid a single track. What's more deranged?
• 9:40
  As we speak right now, are the funds there to complete LA to
• 9:44
  San Francisco? The entire amount of money we
• 9:47
  need Not there today. How much do you estimate it's
• 9:50
  going to cost to connect high speed rail San Francisco to LA?
• 9:53
  Today we estimate with the right optimization just over $125
• 9:58
  billion. We need about $125 billion, but
• 10:00
  we have an understanding of how to get there.
• 10:02
  So it's OK when you see the empty money supply tripling
• 10:05
  since 2008 and the value of the dollar going down 38%.
• 10:08
  Who's more deranged, the people who believe in the dollar or
• 10:11
  people who have invested in Bitcoin?
• 10:13
  When you see the Colorado Rockies rolling out the
• 10:15
  Glazzilla A1 pound 23 inch hot dog on a 19 inch sub roll, it's
• 10:20
  retailing at $45.00 as a family meal and you're going to call
• 10:23
  Bitcoiners crazy who want to save and invest their money in
• 10:26
  Bitcoin because inflation is going through the roof?
• 10:28
  What about the Texas Rangers who are rolling out Nacho sombreros
• 10:31
  in order to make the economics work for running a concession
• 10:34
  stand at a Major League Baseball game?
• 10:36
  You're telling me inflation is not out of control?
• 10:38
  You're telling me that people who invest in Bitcoin are crazy?
• 10:42
  On a side note, of all the crazy things that I've seen this week,
• 10:45
  this one actually had me questioning my own sanity.
• 10:48
  Were dinosaurs ever real? I got questions after looking at
• 10:51
  this graphic. Trump is deranged.
• 10:53
  Yes, there is Trump Derangement Syndrome.
• 10:55
  Yes, Bitcoiners are a little bit crazy.
• 10:57
  Yes, but there is Bitcoin Derangement Syndrome.
• 11:00
  But are we more crazy than the people that are printing $39
• 11:03
  trillion worth of debt like it's water?
• 11:06
  Do debts mean nothing? Does endless war mean nothing?
• 11:09
  Does volatility in markets mean nothing?
• 11:11
  Do the fact that bonds have returned -17% over the last five
• 11:15
  years mean nothing to you? In real terms?
• 11:17
  Bit corners are crazy. But we might be the most sane
• 11:19
  people on the planet right now. And we're the people who
• 11:21
  predicted a lot of the stuff that's going on in the world
• 11:24
  right now that's actually happening.
• 11:26
  Maybe you should pay attention. This is Dante Coco Bitcoin,
• 11:28
  simply happy stacking. And if you're a crazy person who
• 11:31
  wants to get set at all hours of the day, when you sleep, when
• 11:35
  you wake, when you're at work, well, you're probably mining
• 11:37
  Bitcoin like a crazy person. But instead of doing it in your
• 11:40
  basement, you outsource it to Sasmining, the leaders in
• 11:43
  Bitcoin mining who will help you buy a machine, keep it up and
• 11:46
  running, and send sats directly to your wallet.
• 11:49
  They do it with 100% clean, renewable energy, so crazy
• 11:52
  people like Mark Carney can actually be satisfied with a net
• 11:55
  0 mandate. We're not going to run out of
• 11:56
  energy like Stephen King may make you to believe.
• 11:59
  And if you believe those things, use the QR code to get started
• 12:02
  with sasmining. That's BDS.