Latest / Simply Bitcoin / Is Bitcoin Being Manipulated Like Gold and Silver?| Simply Originals
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- 0:00Why is it so important that the US become the leader in digital
- 0:03assets? Is it because Bill Gates is
- 0:05making it clear that he wants to control your payments, your
- 0:08health records, in your food through a digital ID?
- 0:11Is it because leaders from the IMF say that they want to
- 0:13control all of your transactions and tax away your wealth for the
- 0:17freedom of the globe? Is it because President Obama
- 0:20admits that aliens are real? Today I'm going to breakdown why
- 0:23we need the United States to become the leader in digital
- 0:26assets around the world. To help us avoid a dystopian
- 0:29future, I'm going to give few updates on where progress stands
- 0:31with the crypto market structure bill.
- 0:33But I'm also going to give us the sobering side.
- 0:35Why? Too much entanglement with the
- 0:37government in Trifi can lead us to manipulated markets like
- 0:40we've seen for decades with gold and silver.
- 0:42Will Bitcoin be manipulated like silver and gold?
- 0:45I hope not, but it's possible. Let's dig into it today.
- 0:48This is Dante Cook with Bitcoin. Simply, let's go.
- 0:56Well, you know, I mean the nation bought Alaska and bought
- 0:59Texas and bought California, bought the Louisiana Territory.
- 1:02They're all very good investments.
- 1:04We think about Greenland right now.
- 1:05That's on the top of everybody's tongue.
- 1:07What's pretty clear is that you're going to want to be the
- 1:11leader in digital intelligence, that's AI, and you're going to
- 1:13be the leader in digital assets if if the nation doesn't buy
- 1:18most of the Bitcoin network. At the very least, what we want
- 1:21is constructive policies so that United States companies buy and
- 1:25United State's investors buy digital assets.
- 1:29And that way the taxpayers and the nation benefits from their
- 1:32efforts. I agree with this take from
- 1:34Michael Saylor. the US becoming the leader in digital assets
- 1:37will be great for the United States from an economic
- 1:39standpoint. It's sort of like the Internet,
- 1:41which there are a lot of proponents that wanted to ban
- 1:44that, wanted to remove that, wanted to censor the Internet.
- 1:46But the United States took the right path in removing the
- 1:49regulatory burdens of the Internet.
- 1:51And in doing so, the United States is now the global leader
- 1:54in technological innovation, in digital innovation.
- 1:57We've created trillions of dollars in wealth through our
- 2:00companies, but also through our people in through our stock
- 2:02market. And it's because we let the
- 2:03Internet innovate. And I think the same thing is
- 2:06true right now for digital assets in crypto more broadly.
- 2:10But the reason why we want clear rules and regulations isn't just
- 2:13around the upside. It's to protect us from the
- 2:15downsides. Listen to this conversation from
- 2:18the IMF about the world that we will live in if there aren't
- 2:21clear rules and regulations passed about Bitcoin property
- 2:25rights and digital assets. You don't want this future you.
- 2:27Actually have a beautiful opportunity in front of us with
- 2:32the United States being such an unmitigated disaster as it
- 2:35currently is. OK, so there is the opportunity
- 2:40and within that opportunity, I would suggest three things.
- 2:45The first one, we have to have a global asset registry.
- 2:49We have to know who has the freaking money, and if they
- 2:52don't want you to know that they have the money or how much money
- 2:55they have, chances are they got it from somewhere they shouldn't
- 2:58have gotten it from and they're spending it on something they
- 2:59should be spending it around. So #1A global asset registry #2
- 3:04we have to facilitate an international conversation about
- 3:08what is enough and that if there is a number that is enough,
- 3:13there is a number that is too much.
- 3:17We believe that money becomes power.
- 3:20And when power threatens your democracy, you have to take away
- 3:23power. And the only way to take away
- 3:25that power is by taking away the money.
- 3:27And the only way to take away the money is taxation.
- 3:31So #3 forgive progressivity, all right, Forgive progressivity.
- 3:37Unless by progressivity you mean taxation that makes people less
- 3:44rich. This is not about a 2% wealth
- 3:47tax when somebody is getting a higher return than that.
- 3:51This is about taxation in order to preserve human freedom, to
- 3:56preserve it. So the urgency of the bill
- 3:58getting passed is both economic for the United States but also
- 4:01for the citizens. Countries like China are
- 4:04implementing an all out assault on U.S. financial markets by
- 4:07dumping treasuries and buying gold, propping up the hard asset
- 4:10market while simultaneously dumping the US Treasury paper
- 4:14market. This is why you see the US
- 4:16Treasury Secretary Scott Besson talking urgently about the
- 4:19Congress's need to pass this market structure bill.
- 4:22The United States government needs this to prop up the stable
- 4:25corn market so they can find a a new way to print debt through
- 4:27the form of stable coins. So in a time when we are having
- 4:30one of these historically volatile sell offs, I think some
- 4:35clarity on the clarity bill would give great comfort to the
- 4:40market. And you know, we we could move
- 4:42forward from there. So it's very important to get
- 4:44this done, but let's not think that this is going to happen
- 4:47overnight. Here's some talking points from
- 4:48a White House crypto advisor on where progress actually stands
- 4:53with this market structure bill. And it seems like we're pretty
- 4:56far off from anything actually getting implemented.
- 4:58I'm talking Midsummer. So the status right now, the
- 5:01House passed the Clarity Act, their version of it last year
- 5:04over the House in July, I believe.
- 5:06And the Senate has taken it up and made its own changes to it
- 5:10and is fashioning their own version.
- 5:13We were able to pass half of the bill out of the ag committee
- 5:15that handles the CFTC portions. And now we're just stuck in the
- 5:19Banking Committee for the SEC portions, the securities
- 5:21portions of that bill. So there was a markup that was
- 5:25scheduled on I believe January 18th that unfortunately got
- 5:28pulled down, postponed. But we're working hard to
- 5:31address the issues that were raised that led to the
- 5:34postponement of that markup and hopefully get that back on the
- 5:36books soon. And then once we pass that out
- 5:38of the Banking Committee, the two pieces of the legislation
- 5:40will need to be reconciled before a final vote on the
- 5:43floor. So more work to be done, but
- 5:45we're, we're a step closer with the passage of the, the ag
- 5:48portion of this a couple weeks ago.
- 5:51One of the real reasons why we need the United States to become
- 5:53a leader in digital assets is because if we don't, the aliens
- 5:58will. Are aliens real?
- 6:02They're real, but I haven't seen them and, and, and they're not
- 6:05being kept in. What is it, Area 51?
- 6:09There, there's no underground facility unless there's this
- 6:14enormous conspiracy and they they hid it from the president
- 6:18of the United States. No, I'm just kidding.
- 6:20But on the real side, the United States government needs the
- 6:23economic upside. Us as individuals, we need the
- 6:26freedom upside. We need property rights.
- 6:28We need clear rules and regulations around what we can
- 6:31have, what can be viewed, our privacy and limitations to what
- 6:35the government can and can't do. The best asset that will allow
- 6:38the United States government to both achieve their financial
- 6:40goals by having a hard asset backing their new paper markets
- 6:44and currencies with stable coins and also achieving the maximum
- 6:47amount of property rights in freedom for us as individuals as
- 6:51well as a store of value is Bitcoin.
- 6:53But if you're a trader of Bitcoin, you will never see the
- 6:56future. You'll never see the returns
- 6:58that past bit corners have gotten every single time the
- 7:00market dips, it corrects. There's one company who
- 7:03simultaneously has helped so many people get into Bitcoin,
- 7:05but also hurt so many people to not see the future by allowing
- 7:09them to trade their Bitcoin. And that company is Coinbase,
- 7:13the master of distraction. So much so that they created a
- 7:16distraction during their earnings call.
- 7:18OK, Next up, our crypto trading volume market share doubled in
- 7:222025. When people store their assets
- 7:24with us, one of the major activities they do is trading
- 7:27and our trading volume actually grew 156% year over year.
- 7:30We more than doubled our market share for crypto trading
- 7:33specifically and you know, derivatives volume contributed
- 7:36to much of this growth. In December, we announced the
- 7:39launch of the Everything Exchange as well, where you can
- 7:41trade stocks, commodities, prediction markets alongside
- 7:44millions of crypto assets all on one account.
- 7:46So this is setting us up to continue this strong growth into
- 7:492026. Don't be a trader of your
- 7:52Bitcoin on Coinbase's platform. Matter of fact, don't sell your
- 7:55Bitcoin at all. If you want to get liquidity
- 7:57from your Bitcoin stack Bitcoin and then responsibly borrow
- 8:00against it. And to do that, you can work
- 8:01with a company like leaden, the leader in Bitcoin backed loans,
- 8:04which allows you to borrow against your Bitcoin up to 50%
- 8:07loan to value and they they hold your Bitcoin in cold storage.
- 8:11You can get Fiat in your account in less than six hours and the
- 8:13application takes less than just two minutes.
- 8:15There's no credit checks and loans started just 12.4% that
- 8:19can be repaid off at any single time.
- 8:21Go to learn dot leadin dot IO slash simply to get started.
- 8:24And also Coinbase is very loud and clear in their earnings
- 8:27called aside from the distractions that they don't
- 8:30want you to be sovereign. They want you to be subservient.
- 8:32They want you to keep your coins on their platform.
- 8:34Listen to what Bryant Armstrong had to say about this.
- 8:37So first, because Coinbase is the most trusted brand in
- 8:40crypto, we store more crypto than any other company.
- 8:43Assets on platform is how we track this, and it's grown about
- 8:463X over the last three years. We now store about 12% of all
- 8:50crypto in the world, more than the next 4 competitors combined.
- 8:54And you can see even in Q4, although crypto prices came
- 8:56down, which which showed this number lowering, the overall
- 8:59trend is very clear. And this is a big part of what
- 9:01makes our business defensible, since people are most likely to
- 9:04use the financial products where their assets reside.
- 9:07Well, you can avoid this future by scheduling a call with the
- 9:10team at The Bitcoin Way. Remove your Bitcoin from
- 9:13exchanges, run a node, become your own coin base, and do so by
- 9:17holding your keys privately. Don't be one of the statistics
- 9:21of all of the people that are storing their wealth on their
- 9:23platform. Schedule a free meeting with the
- 9:25team at the bitcoinway.com/simply Bitcoin.
- 9:28Their advisors and their team are waiting to have
- 9:30conversations with you. Don't have your Bitcoin on
- 9:33Coinbase. Speaking plainly here, from my
- 9:35perspective, the biggest danger in all this crypto market
- 9:38structure bill conversation is that the more and more that you
- 9:41get entangled with the government in tratify markets
- 9:43and them setting clear rules and regular regulations about
- 9:46hypothecation, about custody, about who can own what about
- 9:50transactions, about privacy is what you're doing is you're
- 9:52creating a synthetic market market on top of a hard money
- 9:56asset. So this conversation like Jim
- 9:58Bianco, although I don't agree with him much on his takes about
- 10:02Bitcoin and crypto in general, he hits his spot on the head.
- 10:05You can't create more than 21 million Bitcoin on chain, but
- 10:08you can create markets around it, fractional reserve markets
- 10:11off chain. And that's exactly the potential
- 10:13fear that we're running into with Bitcoin that has been
- 10:16happening to gold and silver for decades.
- 10:18Listen to this clip here. We all talk about that Bitcoin
- 10:22crypto, you know, deflationary as well.
- 10:25Is, is hard money. You can't print it.
- 10:29No, you, you're right. You can't print it on chain.
- 10:32You can't create more than 21 million Bitcoin on chain.
- 10:37But off chain, what we've effectively done is we've
- 10:42created a like a, a fractional reserve system around Bitcoin.
- 10:46So we've got we've got the ETFs, we've got borrowing by say
- 10:52strategy that's been borrowing in the trade fine markets to buy
- 10:55Bitcoin. We've got structured products
- 10:58that are tied to the ETFs, which is tied to the underlying
- 11:01Bitcoin. So what we're doing is we're
- 11:03creating many, many billions of dollars of, of crypto buying
- 11:09that is not on chain. It's not unlike the what we call
- 11:13the paper gold market, the paper silver market versus the, the
- 11:17physical market as well. It's not unlike what we do with
- 11:20the stock market when we have derivatives, options and futures
- 11:24and total return swaps and the like in in, in those markets as
- 11:28well. The difference is with crypto is
- 11:31it's new and the history of fractional reserve systems like
- 11:36that where you're basically leveraging yourself up and kind
- 11:40of creating more synthetic supply.
- 11:41And the reason I say synthetic supply was it's not on chain
- 11:45supply. It just mirrors the on chain
- 11:47supply is that these systems are inherently these crypto are
- 11:53these fractional reserve systems are inherently unstable.
- 11:56That's why over hundreds of years with banking, we've got
- 12:00the Fed, the FDIC, the OCC, the Treasury, the SEC, the CFTC.
- 12:05We got to have these overlapping regulators to take this very
- 12:09unstable system and try and hold it from blowing up.
- 12:13And we've got generations that we've kind of made mistakes,
- 12:17have had blow UPS in these markets, learn from them and
- 12:20adjust it. Crypto is new with this kind of
- 12:24synthetic stuff. And it, I think the real
- 12:28catalyst for this in a big way was, yes, we had futures and
- 12:33options, you know, from the, the crypto exchanges, from the
- 12:35centralized exchanges forever like the bonances of the world.
- 12:40But what really changed was these digital asset treasuries
- 12:44in the ETFs. And now you've got a
- 12:47representation of of crypto in the Tradfi world.
- 12:52Now we can put options on that, futures on that, total return
- 12:55swaps on that. We could borrow structured notes
- 12:58on that. And we've got billions and
- 13:00billions and billions of dollars of people that are invested in
- 13:03playing crypto and never touching on chain.
- 13:07And so when the market started to crack, I think it was the
- 13:11synthetic markets that cracked. We need to be weary of all of
- 13:15the synthetic products around Bitcoin that are not on chain
- 13:17Bitcoin. Verify your transactions with on
- 13:20chain addresses. See the SAT flow directly to
- 13:23your wallet, see the transaction fees of what it took to move it
- 13:26from there to there, and always verify your Bitcoin with your
- 13:30keys. The regulation will come and
- 13:32this is going to lead to volatility.
- 13:34This is going to lead to manipulation.
- 13:36We've seen this in the past, but as we're seeing right now with
- 13:39silver and gold, for those of you who have a long term view in
- 13:43a long term perspective, Bitcoin will be the store of value in a
- 13:46digital asset future. There's no way around it.
- 13:49And when the need for sovereign sound money comes in a digital
- 13:52age, you'll be prepared. One of the ways you can continue
- 13:55to be prepared and continue to become more and more sovereign
- 13:57in your Bitcoin journey is by mining Bitcoin.
- 14:00But mining Bitcoin yourself can be hard.
- 14:01Which machine should I pick? How should I host it?
- 14:04Oh, it went down, Should I repair it?
- 14:05How do I manage your temperature in the heat of this thing?
- 14:08How do I keep my neighbors in check?
- 14:09Well, don't do it yourself and don't do it at home without the
- 14:13help of an experts or an expertise yourself.
- 14:15Work with the team at SAS Mining.
- 14:17Advisors of their team are waiting to help you pick the
- 14:19right Bitcoin mining machine, help you to set up your wallets
- 14:22and have SAS flowing directly to your wallet around the clock.
- 14:25Don't become a mining expert, become more sovereign and
- 14:28outsource it to the Bitcoin mining experts at SAS Mining.
- 14:31Get started with the QR code on the screen today.
- 14:34This is Dante Coke with Bitcoin simply happy stacking and if you
- 14:37haven't already done so, subscribe to the channel and as
- 14:40Ruston says, give us a pant baby.
- 14:41Have a great week route.