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WHITE HOUSE FLIPS | U.S. Bitcoin Buys BACK ON! | Simply Originals · Simply Bitcoin

• 0:00
  Yesterday morning the US Secretary of Treasury basically
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  yelled we're not buying Bitcoin on national TV and Bitcoin base
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  planted. But by the afternoon he's
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  tweeting the exact opposite, saying Treasury is committed to
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  finding budget neutral ways to buy more Bitcoin for the
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  strategic reserve. That's not a small walk back,
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  that's a besant backflip. And if you think that was just
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  an innocent clarification, well, if I wanted cheaper sats before
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  I started stacking, that's exactly what I would say, too.
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  Today, we're breaking down what budget neutral really means and
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  how it could unlock billions of dollars to flow into Bitcoin,
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  why America's Bitcoin Strategic reserve just became more real,
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  and how this collides with the thinnest Bitcoin supply on
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  exchanges in seven years, setting the stage for a squeeze
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  that could make $10 million Bitcoin sound conservative.
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  Oh, and we've got Trump, Sailor Max Keiser and Dan Morehead
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  weighing in. You are witnessing the nation
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  state game theory in real time. So yeah, buckle up. the US just
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  put Bitcoin buys back on the table.
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  Welcome back. I'm Sophie with Bitcoin.
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  Simply, let's go Thursday morning before the market
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  opened, Bessett tells Fox. We're not buying Bitcoin, We'll
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  use confiscated assets. Yeah, we, we've got this, the
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  large gold holding I I doubt we're going to revalue it, but
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  we are, we are going to keep it there again as a store of value
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  for the American people. We've also started A to get into
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  the 21st century, a Bitcoin strategic reserve.
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  We're not going to be buying that, but we are going to use
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  confiscated assets and continue to build that up.
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  We're going to stop selling that.
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  But minutes later, hot CPI data hits 3.3% year over year instead
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  of the 2.5% expected inflation. Surprise plus no buy headline
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  equals instant sell off. And by mid afternoon, Besit
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  clarifies on X seized Bitcoin as the base and Treasury is
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  committed to exploring budget neutral pathways to acquire
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  more. And it looks like after this
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  bullish news, orange man is preparing for liftoff and.
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  There is the president making his way up to the top of the
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  steps, there for Air Force One, making a wave to the crowd.
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  And entering Air Force One, he has a long.
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  Flight. Ahead of him, DC budget neutral
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  does not mean we're not spending a dime.
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  It means we're spending, but we offset it somewhere else.
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  The menu here includes gold revaluation, which is Senator
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  Loomis's push mark gold to market and move the surplus into
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  Bitcoin tariff receipts, reallocate existing inflows, and
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  asset swaps, or Bitcoin bonds, which structure new instruments
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  without raising taxes. I think that is actually a
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  really important thing when you're the reserve currency of
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  the world, you don't have somebody else's currency to save
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  in. So the United States doesn't
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  have another currency. It stores $600 billion in gold,
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  which is a staggering amount. It's equivalent to 11,000,000
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  years of American worker wages. So that's kind of crazy.
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  Go to digital gold. Bitcoins, much better.
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  And so I do think it's totally rational.
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  The US already owns 1% of the world's bitcoins.
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  Keep that, increase that. So I, I do think it's, it's, it
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  is actually a really good policy.
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  There's a couple countries that already do own Bitcoin.
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  It'd be great for the US to get out in the lead.
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  That's the rotation in plain English.
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  Pivot from 20th century reserves to 21st century reserves using
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  what you already hold. Here's why the wording matters.
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  The executive branch can found a strategic Bitcoin reserve and
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  stop selling seized Bitcoin. That's Congress's job.
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  Budget neutral Is the bridge a way to to acquire without
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  appropriations 1 bottleneck. Only legally forfeited coins can
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  be used right now. About 15% of seized Bitcoin gold
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  revaluation sidesteps that entirely, but.
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  I say this is the steel industry of 100 years ago.
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  Really is. I think you're just in your
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  infancy. I can see it happening.
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  In just 15 years, Bitcoin has gone from merely an idea posted
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  anonymously on an Internet message board to being the ninth
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  most valuable asset anywhere in the world.
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  Can you believe that? Is that?
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  Right. That's a big deal.
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  Think of that. It's already bigger than Exxon
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  Mobil. Soon it will be surpassing the
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  entire market cap of silver, and one day it probably will
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  overtake gold. But based on the way it's going
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  now, it could very well be a possibility.
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  There's never been anything like it, and I don't think you've
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  ever seen anything like it. If overtaking gold is the goal,
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  then this is a massive move in that direction.
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  While DC debates pathways, the float is disappearing.
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  Only 14.5% of Bitcoin is on exchanges, the lowest since
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  August of 2018. Bitcoin is more of a gold
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  competitor, so it has an investment component and of
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  course the adoption story as it as it gains use is, is what's
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  driving it. I think eventually it will
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  reach, you know, full adoption. We don't know where that would
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  be. You know what?
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  Does that look like? What's for adoption look like?
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  So I think the, you know, one target, it's gold and you know
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  gold values are quite high at the moment because of the macro
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  hedge phenomena where governments will buy gold in
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  times of uncertainty. And so.
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  But even there, with the current Bitcoin price level, it's within
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  about a factor of 9 of reaching the gold market cap and then the
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  larger addressable market for monetary premiums in different
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  assets. Housing, there's a lot of
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  monetary premium there where people will buy an apartment and
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  not use it, not even rent it out, just as an investment
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  vehicle, right? So you see a lot of underused
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  housing premium in the housing sector in different countries,
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  and obviously premium in shares in stock markets and bonds and
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  other forms of alternative assets.
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  And say, you know how Finney actually estimated that to be
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  200 trillion and like surprisingly he did this in like
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  I think 10th of January 2009 before there are any
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  transactions in any market value.
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  So it's quite kind of forward-looking estimate, but it
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  seems to be still, you know, considered of a reasonable
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  estimate of the size of that addressable market.
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  Now we don't know, you know, how much of that Bitcoin will
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  capture. So there's a bit of conjecture
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  there, but it seems logical that, you know, if the
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  institutional adoption continues and the retail interest
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  continues that Bitcoin could get there.
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  Whatever your end state number, the math is simple.
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  Policy tailwinds plus scarce supply equals violent repricing.
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  Strategically, this is about portfolio consumption.
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  The US holds 8133 tons of gold, worth roughly $600 billion.
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  Reallocating even a fraction to Bitcoin changes the reserve
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  profile and sends a signal to allies and competitors.
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  Dollars of capital are flowing into the network.
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  It's going to go from 2 billion to 20 billion to 200 billion to
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  2 trillion to 20 trillion to 200 trillion.
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  And when it gets to 200 trillion, it'll chop along and
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  plus 20% to eventually 304 hundred $500 trillion.
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  And where is that capital going to come from?
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  It's going to come from Russian real estate.
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  It's going to come from Chinese private equity.
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  It's going to come from everything in Africa, everything
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  in South America. You have capital flowing from
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  foreign financial and physical assets to Bitcoin.
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  You have capital flowing from 20th century assets to Bitcoin
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  to the capital is going to flow from the 20th century to the
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  21st century. It's going to flow from physical
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  to digital. It's going to flow from currency
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  based derivatives to to a digital commodity derivative.
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  So it's already happening. It's unstoppable.
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  It's literally like for me to say bitcoins going to demonetize
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  gold under states it yeah, it's going to demonetize gold.
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  Then it's going to demonetize the the real estate that's 10X
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  more than gold. Then it's going to demonetize
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  every long term store of value. So what you have is a situation
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  like the European show up and they give like some Dutch
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  guilders or some pieces of paper or some some glass beads or or
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  seashells or stone coins to people using a more primitive
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  form of money. And we have the opportunity to
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  in essence just grab ten 2025% of the network.
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  Let the entire dynamic flow and it's going to accelerate, and
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  when the dust settles, the American people will own 2530%
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  of that capital, which right now is sitting in 20th century.
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  Wall Street still thinks risk asset, but policymakers are
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  increasingly treating Bitcoin as strategic collateral.
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  Because we traded all this gold for all the European commodities
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  and manufactured goods. The Europeans suffered a
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  recession. America was built on the gold
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  that the 49ers brought. And so this is the modern
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  digital gold rush. We should just go grab the
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  digital gold. Eventually the rest of the world
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  will trade all of their stuff for it.
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  But when they buy it, they'll be buying it at 10 million a coin
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  or 20 million a coin or 50 million a coin.
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  And we will basically take our debt and we'll negate it.
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  And then we'll flip to being a creditor nation and and what
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  does it take to be rich? We'll ask Bill Gates or Steve
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  Ballmer or Mark Zuckerberg, you know, or Larry Page or Sergey
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  Brin. What does it take to be rich?
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  It just takes a little bit of vision, a little bit of
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  conviction and use technology, right?
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  And, and so in this case, I think our country should be
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  rich. It is rich.
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  We're rich because we bought California for a few 1,000,000
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  bucks before people knew that out, before they knew Hollywood
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  or Silicon Valley would be a thing, right?
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  And now I think we should buy cyberspace.
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  And it's, it's the most powerful lover imaginable because you're
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  paying a penny to get a dollar and and not only you paying a
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  penny to get a dollar, but you're de risking the thing,
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  right? Because in the process of
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  adopting Bitcoin as the network, you force a Stampede of all of
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  our allies, all of our frenemies, all of our enemies,
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  and you accelerate the monetization of the network.
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  So everybody's a winner. I mean, arguably even the rest
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  of the world's a winner because they're going to be better off
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  using digital capital as a store of value than using Siberian
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  warehouses. That's the first mover
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  advantage. Set the standard and make
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  everyone else follow. This isn't just domestic policy,
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  it's foreign policy. Neutral seizure resistant
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  collateral reshapes, leverage in sanctions, trade and diplomacy.
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  Sure. Well, thanks for having me on.
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  Nice seeing you. So Bitcoin fulfills the promise
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  that humanity has been searching for ever since the beginning of
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  time. And that is perfect money.
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  And perfect money allows humans to travel through time and space
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  effortlessly and to achieve their full potential.
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  And for many years, we used various pebbles and stones.
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  And then gold was popular for thousands of years.
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  And then 2009 Bitcoin came along.
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  And if it filled this promise, it is effectively perfect money.
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  And now what we're seeing is the realization that Bitcoin, when
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  you compare it to other stores of value like Fiat money or
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  property or fine art or any kind of store value, even the stock
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  market or the bond market is superior.
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  And so now we're seeing trillions of dollars leave these
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  other stores of value and find their way into Bitcoin.
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  And what's interesting right now is that we've entered into
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  really a new Sputnik moment because various nations are
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  scrambling to build up the biggest Bitcoin stock that they
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  possibly can, because nations are beginning to understand that
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  this is the new prima franca of the 21st century.
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  The entire global economy is being rebuilt on top of Bitcoin,
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  which is really perfect money. So in the case of Russia and the
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  recent comments coming out of the Kremlin, they seem to be now
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  ready to enter the space race or the global Bitcoin race. the
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  United States has said under the new administration, Donald
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  Trump, that they want to buy a million Bitcoin.
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  We have Cynthia Lamas, who's a senator in Wyoming saying they
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  want to sell their gold, 8000 tons of gold and buy Bitcoin.
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  You have other countries making that decision.
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  We want to buy Bitcoin. Various states in the United
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  States are choosing to buy Bitcoin and hold Bitcoin.
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  And so this is really going to define the economy in the, in
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  the, the 21st century. And because at the at the end of
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  the day, when you have something like Bitcoin that's better than
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  anything else as a store of value, the market will recognize
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  this and you start to see people sell off other other assets and
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  move into Bitcoin. It's a race and it rewards
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  speed. Pledge that we would bring back
• 14:20
  American liberty and leadership and make the United States the
• 14:23
  crypto capital of the world. And that's what we've done.
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  And under the Trump administration, this is only
• 14:30
  going further. You're going to do really well.
• 14:32
  I mean, I'm so proud of what you've done in the last couple
• 14:35
  of years. And.
• 14:36
  The market prices in not just what's done, but what leaders
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  are signalling what will be done next.
• 14:43
  Technically, Thursday's break didn't break the structure.
• 14:46
  It reset it. CME gap filled, bull flag
• 14:49
  retested. RSI reset.
• 14:52
  A reclaim of $121,000 puts all time high continuation back on
• 14:58
  deck and any real treasury buy program becomes rocket fuel.
• 15:02
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• 16:22
  So here's where we stand. the US strategic Bitcoin Reserve is
• 16:26
  real and the no buy moment was just a speed bump.
• 16:29
  Budget neutral isn't code for inaction, it's the playbook for
• 16:34
  stacking billions without raising taxes.
• 16:37
  Supply on exchange is at A7 year low.
• 16:40
  ETFs and Treasuries are hovering coins.
• 16:43
  And now nation state policy is moving in.
• 16:46
  We're watching the opening act of a race, one where the first
• 16:50
  movers don't just win, they set the price everyone else has to
• 16:54
  pay. Call it a backflip.
• 16:56
  Call it a pivot. I call it confirmation.
• 16:59
  America's Bitcoin strategy is alive and well.
• 17:02
  It's evolving and it just got a whole lot more interesting.
• 17:08
  And the First Nation to print money, the First Nation to print
• 17:11
  their own currency to buy Bitcoin wins, right, Tom?
• 17:15
  Look what MicroStrategy did. We basically issue our own
• 17:19
  currency, our stock, and we buy Bitcoin.
• 17:23
  What happened? We went from a billion to $100
• 17:26
  billion. Market cap is what happened.
• 17:28
  Is it inflation? It's only inflation if you print
• 17:33
  the currency to invest it to make a bad investment, right?
• 17:38
  If if you if you print the currency to buy something that's
• 17:42
  appreciating faster than your inflation rate, it's actually
• 17:47
  accretion. Don't forget Mining Disrupt
• 17:50
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  Live demos, insane new rigs, and the people who are literally
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  securing the network are heading to Dallas November 11th through
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  the 13th. Meet the legends building the
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  hash power revolution. From sovereign mining to AI and
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  Bitcoin integration, prepare to have your mind blown.
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  Grab those tickets today. Come and see the Simply Bitcoin
• 18:16
  team on the news desk and don't forget to use promo code Simply
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  Bitcoin for 20% off. Don't forget to smash the like
• 18:23
  button. Drop cheap sats in the comments.
• 18:26
  If you caught the head fake and bought the dip then hit the
• 18:29
  subscribe so that we can keep front running nation states
• 18:32
  together. See you next time.
• 18:35
  This is Bitcoin simply happy stacking.