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Markets Are Crashing… And Bitcoin Is MASSIVELY Mispriced | Simply Originals · Simply Bitcoin

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  Bitcoin just crashed below $90,000 and everyone is losing
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  their minds. Listen, I know how you feel
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  because you did what every bitcoiner does.
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  You bought the dip. Then Bitcoin said lol watch
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  this. Then came the dippity dip and
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  now you're out of dry powder eating ramen staring at charts
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  like a hostage. I've been there brother.
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  I'm there with you now, but is this how it ends?
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  Are we going to 10K like Bloomberg is screaming?
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  Or is this the biggest bear trap in history?
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  Because Bitcoin is stupidly, hilariously, cosmically
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  mispriced right now. Today we're breaking down
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  exactly why markets are crashing, what triggered this
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  liquidation cascade, and why the mainstream media is
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  intentionally ignoring one of the biggest stories on earth.
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  We have a carry trade meltdown, market rigging and naked short
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  lawsuits, BlackRock bleeding billions, Epstein subpoenas,
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  Bitcoin backed municipal bonds, whales buying the dip and also
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  Jack Mahler's. He's saying buy the dip because
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  it's the money that's failing. Welcome back.
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  I'm Rustin and it's time. Let's start with the big one,
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  the Japanese carry trade. The $20 trillion monster that
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  has been silently holding global markets together.
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  Well, it just blew up. Japan's 20 year bond 2.8%, the
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  highest ever 30 year 3.33%, also highest ever 40 year 3.69%.
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  Historic. This is the end of the free
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  money era. For 30 years, hedge funds
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  borrowed yen at 0%, levered to the moon, and bought everything.
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  US equities, debt, housing, tech, bonds, derivatives.
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  This was the foundation of the modern financial system.
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  And Japan just said, whoops, that's over.
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  Why does this matter? Well, when the yen strengthens,
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  every dollar borrowed must be repaid in a stronger currency.
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  That means hedge funds are getting naked in real time.
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  Force liquidation begins. Not tomorrow.
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  Now this is $20 trillion moving in reverse.
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  So yeah, maybe the mainstream media forgot to mention all
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  that. They also don't want you to
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  know. This stock market's rigged.
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  The United States stock market, the most iconic market in in
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  global capitalism, is rigged. By whom?
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  By a combination of the stock exchanges, the big Wall Street
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  banks and high frequency traders.
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  Who are the victims? Everybody who has an investment
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  in the stock market, if it wasn't complicated, it wouldn't
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  be allowed to happen. The complexity disguises what is
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  happening. If it's so complicated you can't
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  understand it, then you can't question.
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  And this is all being done by computers.
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  All being done by computers. It's too fast to be done by
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  humans. The insiders are able to move
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  faster than you. They're able to see your order
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  and and play it against other orders in ways you don't
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  understand. They're able to front run your
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  order. What do you mean front run it?
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  Means they're able to identify your desire to to buy shares in
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  Microsoft and buy them in front of you and sell them back to you
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  at a higher price. It all happens in
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  infinitesimally small periods of time.
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  There's speed advantage that the faster traders have is
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  milliseconds, sometimes fractions of milliseconds, but
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  it's enough for them to identify what you're going to do and do
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  it before you do it at your expense.
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  So it drives the price up so. It drives the price up and in
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  turn you pay a higher price. Michael Lewis is not the first
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  person to allege the stock market is rigged or that high
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  frequency traders are front running the market, but he was
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  the first to find Brad Katsuyama who was the 1st to figure out
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  how it was being done. A very unlikely character, a
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  trader at the Royal Bank of Canada, young Canadian man named
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  Brad Katsuyama, realized that the market that he thought he
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  knew had changed. The market seemed to be willing
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  to sell stock, but the minute he went to buy it, someone else
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  bought it. The stock went up.
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  Was this Someone knew what he was doing before he did it?
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  It's all a dog and pony show and Citadel is sweating through
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  their gym shorts because Genius Group just filed a federal class
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  action lawsuit against Citadel Securities and Virtue.
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  Financial allegations include spoofing, naked shorting,
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  manipulative order flow, 98% of trading days affected damages,
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  250 million plus years of rigging, thousands of spoof
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  orders per day, buy button removed, sell button left wide
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  open of course. Oh man.
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  Gee, where have I seen this movie before?
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  Roaring Kitty intensifies. Maybe a time traveler, who
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  knows? Boomers at CNBC are saying why
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  is trust evaporating? Maybe because the markets are a
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  cartoon Karen. And guess who's going to need to
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  pay some massive legal fees? Possibly.
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  Well, that would be Citadel, Ken Griffin, Virtue.
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  And guess who should be buying this Bitcoin dip?
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  Citadel and Ken Griffin because they might need a lot of money
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  real soon. The bloodbath continues.
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  Boom. Worst outflows since launch. 2.5
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  billion in a month. Blackrock's I bid alone shed 1.6
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  billion. This is panic.
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  This is fear. This is the shake out of all
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  shake outs. And yet while retail panics,
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  while the boomers sell institutions and long term
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  holders are buying the dip like Locust, Harvard, the UAE, the
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  Czech Republic, El Salvador, Wales, Sailor inspired giants.
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  This is classic accumulation. Retail pukes, institutions feast
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  and some call for Bitcoin to collapse to 10K.
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  In 2018, I pointed out when Bitcoin was about 10,000, it was
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  going to drop a 0. I was 70% right, 30% wrong
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  because it went down to 3000. I'm saying the same thing now.
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  I think it could go back to 10,000.
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  I mean, that includes everything going lower, unfortunately means
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  the stock market and it's just normal.
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  The key difference is from back then there was only a few 1000
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  cryptocurrencies. Now there's multi millions and
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  we've had that pile in from ETFs, the Trump administration
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  kicking in and accelerating it. And it's classic peak bull
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  market stuff. Remember seen in 1999.
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  So in the previous segment, Paul mentioned the VIX at 25.
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  You look at that VIX 200 day movement average, it's a bull
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  flag. But right now it's averaging
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  about 19 1/2. And the key fact is 120 day
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  realized volatility, S&P 500 is around 10%.
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  If we end the year there, not only is it half the VIX, but
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  it'll be the lowest since 2017. So I'm expecting this Bitcoin
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  plunge to trickle down to the stock market volatility to pick
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  up, maybe just get to its average around 16% and the whole
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  thing tilts lower into the year end.
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  I don't know what stops it at this point.
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  Wow. OK, interesting.
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  Is there a Technical Support level in Bitcoin that we should
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  keep our eye on? That means that $100,000 level
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  kind of held there for a while, but we've obviously down here at
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  92,000 have blown past that. Well, that's now key resistance
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  100,000. It was my key inflection point
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  starting in 2020 when I was calling for it.
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  Yeah, I was early and I was wrong for a little while, but
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  the key support was right now is around 90.
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  It stuck between 90 and 100,000. I think eventually it breaks
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  down heads towards 50 on an annual chart, 50 is normal.
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  The key thing is you get the sharpest rallies in bear
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  markets, the 200 day mover and the average has rolled over
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  micro strategies, 200 day move and average rolled over in
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  August. And so maybe we'll get a little
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  bounce, maybe get to 100,000, but I think it's all about
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  responsive sellers. And the key thing to point out
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  is a Bloomberg Galaxy Crypto Index as of yesterday was down
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  14% in the year after rallying about a third.
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  If the stock market just follows that, which I think it might,
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  all the dominoes trickle low. And the key indication for me
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  for all this is bit is gold grabbing alpha this year.
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  And when Gold's alpha, something's wrong.
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  I love Bloomberg, they get it wrong at every major cycle.
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  Bottom. It's like tradition.
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  Well apparently according to Bloomberg guy, Bitcoin could
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  crash to 10K and apparently Jesus is 3X more likely to
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  return this year than Bitcoin is to hit 200 K according to Pauly
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  market. What a time to be alive and
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  listen if you think Bloomberg screaming Bitcoin to 10K is peak
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  fear. Oh brother, the global elite
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  just said hold my champagne. Yeah because the economist, the
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  literal house magazine of the ruling class, just dropped the
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  most ominous war soaked apocalypse coded cover I've ever
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  seen for their world ahead of 2026 issue.
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  Now quick reminder, the economist isn't for regular
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  people, it's not for me, it's not for you.
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  It's it's not for your grandma, it's for the 1% of the 1%.
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  The Rothschilds literally own a chunk of it.
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  This is the magazine the elites read to talk to themselves.
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  So when they drop a cover this insane, maybe we should pay
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  attention. Let's break it down to giant red
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  tanks facing off, missiles everywhere.
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  Top, bottom, left, right, cross. Swords in the center like the
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  final boss battle of civilization.
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  Voldemort, Zelensky chilling in the corner, XI, Putin,
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  Netanyahu, all of them watching the chaos.
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  And guess who's right in the middle?
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  The orange band. Donald J Trump, because of
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  course he is. The man can't even get through a
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  breakfast burrito without triggering global markets, and
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  they've got him front and center of their apocalyptic mural.
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  It gets worse. Under the swords, a chart
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  showing a financial crash. Below that a broken dollar
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  symbol and all across the bottom paper currency falling like
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  confetti at a Weimar reunion party.
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  Then the creepiest detail, 2 massive syringes and pills
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  floating everywhere. Okay, cool.
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  So war, plague, collapse, the Holy Trinity of fun.
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  Thanks economists. Can't wait.
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  Civil unrest, apparently. Yes, according to this cover,
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  there's a giant raised fist at the top, the symbol of
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  resistance, planted right on top of the American flag.
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  That's not artistic, that's a message.
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  They're basically saying expect war, pestilence, financial
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  collapse, and civil unrest in America next year.
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  What a lovely brochure for the future.
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  And here's the punchline. If this is the road ahead, if
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  this is the chaos they see coming, then maybe, just maybe,
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  Bitcoin isn't the thing to fear right now.
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  Maybe the elite fears something else collapsing.
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  Maybe the shakeout is a setup. Maybe the fear porn is because
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  they're losing control of the narrative.
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  Speaking of things the elites can't control, let's talk about
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  why JP Morgan and Deutsche Bank just got subpoenaed.
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  Breaking Congress subpoenaed JP Morgan, Deutsche Bank US Virgin
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  Islands for Epstein financial records and when the big banks
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  are being subpoenaed, that's bearish for banks, but bullish
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  is for Bitcoin. Now let's flip the script.
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  New Hampshire approves $100 million Bitcoin backed municipal
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  bond, a Bitcoin collateralized bond at the state level.
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  This is institutional adoption, regulatory normalization, proof
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  Bitcoin is pristine collateral Trojan horse into fixed income
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  markets. That's bullish.
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  And we got the Senate Banking Committee voting on a crypto
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  bill next month. Bitcoin legislation on the
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  table. Regulators want clarity.
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  The tide is a turning. Oh, and here we go.
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  We got President Trump says he's replacing Jerome Powell.
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  That might be the most bullish sentence spoken since the
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  Genesis bill. Deep down, I think I kind of
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  like Jay Powell moving on. Peter Thiel, possibly the
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  Antichrist, sells NVIDIA and buys 105 million dollars in
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  Bitcoin. Well, if the godfather of the
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  PayPal mafia is dumping AI pump stocks and buying Bitcoin, maybe
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  he sees something. We got this.
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  Whales are buying the dip. Don't feed them.
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  Don't sell your Bitcoin. Pledge are selling to Harvard
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  and BlackRock and El Salvador buys 100 million in a single
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  day. Largest buy ever.
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  Let's go Boo Kelly. I think that's how he says it.
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  That's how it looks like, it sounds, but we talked about
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  fiscal dominance earlier with this carry trade thing.
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  Well, this is the moment, this is the fourth turning.
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  This is where currencies fail, not assets.
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  I mean Americans need 70% more income to afford the same home
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  as 6 years ago. Mortgage rates insane, debt
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  unsustainable. But that's OK.
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  You get 50 year mortgages. You don't fix this, you inflate
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  this away. This crash isn't in assets.
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  This crash is in the currency. We're about to bring it home.
• 12:27
  But before we do, look at our likes. 3-4 times maybe?
• 12:30
  I'll pump those numbers up. Those are rookie numbers in this
• 12:32
  racket. Let's take a quick second for
• 12:34
  our sponsors who keep this show on the air over at the Bitcoin
• 12:37
  Way. If you're wealth lives in their
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  system, it's not yours, it's theirs.
• 12:41
  That's why we scream Bitcoin. That's why you self custody and
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  They'll walk you through multi sig self custody, privacy, how
• 12:50
  to run a node and the tools that keep you sovereign when the Fiat
• 12:53
  system pulls the plug. Don't wait till it's too late.
• 12:55
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• 12:58
  show notes. Need cash but don't want to sell
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  slash simply to learn more and get 25 basis points off your
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  first loan. Things are crashing, things are
• 13:24
  failing, but what the world doesn't seem to understand is
• 13:28
  they're failing up. People that think everything
• 13:32
  failing, Fiat collapsing, means that the stock market's going to
• 13:35
  go down 50%. They're not living in the same
• 13:37
  universe as you and I. The whole thing is just going to
• 13:40
  fall. It's like free fall.
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  There's no bottom. They don't know what's
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  happening. We are defaulting slowly.
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  We are defaulting via inflation. the United States won't actually
• 13:51
  default. They won't call up their debtors
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  and say, hey, we can't make you whole because they can make
• 13:58
  everyone whole because they can print what they owe.
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  And so Bitcoin is the only asset class that actually is the best
• 14:06
  expression of Fiat, both to the downside and the upside.
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  It's the only thing that's telling us the truth because
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  it's the only free market we have left.
• 14:13
  If bitcoins going to go through a multi year bear market, US
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  liquidity and Fiat liquidity globally is going to continue to
• 14:19
  tighten for many years to come. The reason we were in a bear
• 14:23
  market from call it 2022 of until 2024 is because they did
• 14:26
  tighten liquidity. And my point is the reality is
• 14:30
  that the US government has not provided the Fiat liquidity to
• 14:33
  keep this financial system going.
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  They've talked about printing the money.
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  They campaigned on printing the money.
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  According to the math, they literally and physically have to
• 14:43
  print the money. the United States is preparing $2000
• 14:46
  stimulus checks. Japan is preparing $110 billion
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  stimulus package. China has approved a $1.4
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  trillion stimulus package. The Fed is officially ending QT
• 14:55
  on December 1st. These things are happening.
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  They're not about to happen. They're not going to happen.
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  I don't think they're happening. They are happening by the dips
• 15:07
  because the money is failing. Bitcoin is insanely mispriced.
• 15:16
  This is the most dangerous bear trap in Bitcoin history.
• 15:19
  If you're panicking, breathe. If you're out of dry powder,
• 15:22
  you're not alone. But understand, this is where
• 15:25
  legends are made. Whales are buying, nations are
• 15:28
  buying, institutions are buying. And you, the pledge, you're the
• 15:32
  ones with diamond hands who will make it to Valhalla.
• 15:35
  This volatility, it's the sound of Fiat dying.
• 15:39
  We love this sweet Symphony and bitcoins bounce.
• 15:42
  We'll be epic no matter how crazy it gets.
• 15:44
  We stay humble and we let us know what you think below and I
• 15:49
  hope you guys enjoyed this one. Don't forget to like subscribe
• 15:51
  and give us a pan. Maybe share this with Mike
• 15:54
  Mcglone and tell him to have fun staying poor.
• 15:57
  Love you guys, catch you tomorrow.