Latest / Simply Bitcoin / Trump Declares WAR on JP Morgan | The Battle Nobody Saw Coming! | Bitcoin Simply

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Trump Declares WAR on JP Morgan | The Battle Nobody Saw Coming! | Bitcoin Simply · Simply Bitcoin

• 0:00
  Did you know JP Morgan sold off 25% of their MicroStrategy
• 0:03
  shares? As if they knew that MSCI said
• 0:06
  that Bitcoin treasury companies were unlikely to be included in
• 0:09
  the index. Perfect timing.
• 0:11
  In our last episode Friday, I talked about how JP Morgan was
• 0:14
  potentially manipulating the MicroStrategy stock.
• 0:16
  Well, an article from Marilyn Hoddle with over 1 million views
• 0:21
  articulates perfectly what I suspected was happening.
• 0:24
  Trump in the White House are battling JP Morgan in the
• 0:27
  establishment. There's a battle going on under
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  the Trump versus the Morgans, the White House versus Wall
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  Street, the Treasury versus the Fed. 1 is fighting for
• 0:38
  centralized control. The other is fighting for
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  decentralized freedom. If I'm reading between the lines
• 0:43
  correctly, I think that the Trump family would love nothing
• 0:46
  more than to see the banks crumble.
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  Donald Trump declared war on the head of the US banking system
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  when it named JP Morgan and Chase Bank, amongst a number of
• 0:55
  other people, a number of other people involved in a case that
• 0:58
  will bring this country to its knees.
• 1:00
  And he ordered that the Epstein files be released in 30 days on
• 1:04
  the 250th anniversary of the United States in July.
• 1:07
  I believe that this administration is going to make
• 1:09
  a major chess move, a move to try to supplant the old
• 1:12
  financial system with the new one.
• 1:14
  Why do you think Bo Hines left the White House so abruptly to
• 1:17
  go work for Tether? The fight for systematic control
• 1:20
  from the Fed and the banks in the Wall Street is happening
• 1:23
  against Bitcoin stable coins in the White House.
• 1:25
  That's the volatility we've been seeing.
• 1:27
  We're in the beginning of an economic civil war and we're
• 1:30
  going to dive into it today. This is Dante Coco Bitcoin.
• 1:33
  Simply, let's go. The banks have had a monopoly on
• 1:40
  the financial system for years and they did everything they
• 1:43
  could to not embrace cryptocurrency until they
• 1:45
  realized that cryptocurrency had become so big that if they
• 1:48
  didn't embrace it, they died. They saw the growth of Coinbase,
• 1:51
  they saw the growth of Robin Hood, they saw the growth of,
• 1:54
  of, of defy. They saw the trillions going
• 1:56
  into to Bitcoin and in these major capital markets.
• 1:59
  And now all of a sudden all the banks are embracing it.
• 2:02
  But I got into cryptocurrency because I didn't have a damn
• 2:04
  choice. They debanked me for doing
• 2:06
  absolutely nothing wrong. These are golf courses.
• 2:09
  These are golf courses in upstate New York.
• 2:10
  These are restaurants. These are assets that have
• 2:13
  hundreds and hundreds and hundreds of of employees and
• 2:16
  members. Literally, you know, you're
• 2:18
  getting a letter your, your accounts are hereby cancelled
• 2:22
  and you can't pay your employees.
• 2:23
  They could can't put bread on their table because they didn't
• 2:26
  like your political affiliation. It wasn't even, you know, my
• 2:30
  father's political affiliation. He was the one.
• 2:31
  I'm, I'm not, I'm not a politician.
• 2:33
  I'm not in politics. And yet we were cancelled like
• 2:36
  we were dogs and honestly it was a blessing in disguise because
• 2:39
  it made me find cryptocurrency and I'm so happy.
• 2:42
  If this clip doesn't sound like the backdrop or the setup from a
• 2:45
  Christopher Nolan movie for a hero or a villain, then I don't
• 2:48
  know what does. He said that we were canceled
• 2:51
  like dogs. The Trump family has been very
• 2:53
  vocal about their distrust of the banking system, specifically
• 2:56
  after they were debanked for their political views, them and
• 3:00
  other cryptocurrencies. Listen to this clip of Eric
• 3:03
  Trump talking about how he would love nothing more than for the
• 3:06
  cryptocurrency movement to supplant the banks altogether.
• 3:10
  Our financial system is so dishonest.
• 3:12
  It is so incredibly dishonest, and I would love nothing more
• 3:15
  than to see blockchain replace so many of these institutions
• 3:18
  that have been so punitive to so many people.
• 3:21
  Let me give you 1 of this. The people in our financial
• 3:24
  system who have had always had the advantage are guys like us,
• 3:28
  right? Powerful companies with famous
• 3:30
  last names with a lot of zeros on the balance sheet.
• 3:33
  They have been the worst for the average retail consumer who
• 3:37
  doesn't stand a chance against the traditional financial
• 3:41
  system. They have no leverage, they have
• 3:43
  no negotiation power, and they get feed to death.
• 3:47
  Crypto solves all of that. Blockchain solves all of that.
• 3:50
  There is nothing that can't be done on blockchain that JP
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  Morgan Chase can do that Bank of America that can't be done
• 3:56
  better, faster, cheaper, and more transparently.
• 4:00
  And I think that's a wonderful thing for humanity.
• 4:02
  I think that's a wonderful thing for for the people of our
• 4:04
  country. And I think that's a wonderful
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  thing in putting real checks and balances on on the very people
• 4:09
  who weaponized the financial system against people that they
• 4:11
  didn't like for political risks. The Joker is revealing himself
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  in real time and what was a private matter with Eric Trump
• 4:19
  and their private companies is now becoming a public matter.
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  As soon as Donald Trump posted this on True Social talking
• 4:25
  about JP Morgan and Chase being implicated amongst a number of
• 4:28
  other people in the Epstein case.
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  A case that would bring the United States to its knees if
• 4:33
  released. And now the Justice Department
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  after this bill that he signed on Thursday has just 30 days to
• 4:39
  release the files. This is going to be the first
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  hostile act performed in this economic.
• 4:44
  But that's the front page news. What's happening in the
• 4:46
  background? Well, the Treasury has been
• 4:49
  building new financial plumbing through stable coins.
• 4:51
  Tether is the main way this administration is going to usurp
• 4:55
  the banks. This is exactly why they sent
• 4:57
  Bohinds there in the 1st place. They needed a Washington
• 5:00
  connection and Tether is much bigger than people think.
• 5:03
  Look at this clip that Bohinds just posted on Twitter.
• 5:05
  Let's take a listen to the clip. I had dinner last night with
• 5:08
  Paulo Arduino, CEO, founder of Tether.
• 5:11
  Can't wait to meet him. Amazing, amazing guy.
• 5:14
  That is an incredible business. What?
• 5:17
  Do they got 150? Billion in treasuries.
• 5:19
  Now it is, it is an incredible and here's why that business is
• 5:22
  incredible. This is what I want you talking
• 5:24
  about. Tether, the stable.
• 5:25
  Tether, the stable coin. Yes, there are 500 million
• 5:30
  people using U.S. dollar backed stable coins from Tether all
• 5:34
  around the world, all over Africa, all over Central
• 5:37
  America, all over Asia #1 #2 his user base is growing by 30
• 5:42
  million users 1/4. It's the financial inclusion
• 5:48
  that then ties back to U dollar hegemony is unbelievable when?
• 5:53
  You dig down to the mechanics of what's happening. the United
• 5:56
  States needs a new buyer of its debt to sustain itself.
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  We're running at a debt deficit of 5 to 6% of GDP.
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  And so when institutions in foreign countries no longer buy
• 6:07
  our debt, well, we need a new buyer.
• 6:09
  And we get a new buyer of debt. Anytime anyone in the world
• 6:12
  wants a tethered dollar or a USD T, they buy short term
• 6:16
  treasuries. When people get these synthetic
• 6:18
  dollars, therefore the new buyer of dollars is going to be
• 6:20
  everyday people. They're looking to replace the
• 6:22
  financial system. Here's a clip from Bo Hines and
• 6:25
  Paolo himself. I'll.
• 6:26
  Start with Genius, because our intention with Genius was to get
• 6:30
  the best and brightest back to the US in order to innovate and
• 6:34
  build and be interoperable with our capital markets.
• 6:38
  And that's what we've done today in launching this product.
• 6:41
  So obviously, our goal is to revolutionize the financial
• 6:43
  system. It's to create more efficient
• 6:45
  transactions with instant settlement times that are more
• 6:48
  cost effective for the American consumer.
• 6:50
  If this isn't a shot at the banks and I don't know what is,
• 6:52
  but Dante, what does this have to do with Bitcoin?
• 6:55
  Well, let me show you, Bitcoin is actually the future
• 6:59
  evolution. All of these beginning acts.
• 7:01
  Listen to this clip from an interview that Nico did with
• 7:04
  Paulo just a few weeks ago. How?
• 7:06
  Do you feel as the PO of the most profitable company on
• 7:10
  planet earth? How do you feel about Bitcoin?
• 7:13
  Are we still early? Are you feeling bullish?
• 7:15
  Every time we get an interest from well we we got the
• 7:20
  interest. We make money on the interest on
• 7:21
  the US surgeries we buy Bitcoin and gold.
• 7:25
  We own all together with the with the tether owns more than
• 7:29
  110,120 thousand Bitcoin. Just last quarter we bought 8888
• 7:36
  Bitcoin. And I'm very bullish on Bitcoin
• 7:38
  simply because I I like to think about the future in, in logical
• 7:43
  steps and most probable outcomes.
• 7:45
  And I fail to understand, you know, given enough amount of
• 7:50
  time, it's hard to predict it's like 10 years or 50.
• 7:53
  But I fail to to to understand how Bitcoin will not be the most
• 7:57
  used currency in the world and will be the the check and
• 8:00
  balances of the world as a currency before.
• 8:02
  We go any further in the clip, it does get better.
• 8:05
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• 8:47
  Oh, in the Bitcoin way, the way that you learn now to become
• 8:50
  sovereign is you start practicing.
• 8:52
  You get a coach, someone to teach you the fundamentals, the
• 8:55
  basics of how to remove your Bitcoin from an exchange after
• 8:58
  you purchase it. Well, you can schedule a free 30
• 9:00
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• 9:03
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• 9:08
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• 9:14
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• 9:16
  the bitcoinway.com/simplybitcoin.
• 9:19
  Today is still, I think we are early because it's it's a
• 9:22
  cultural thing, right? If you put you take a person,
• 9:26
  you put in front of that person 2 currencies, one that is made
• 9:31
  by a human and now one that is made by math.
• 9:35
  So by you know the physics of the universe.
• 9:39
  Still most of the people prefer the one made by humans.
• 9:42
  To me it's very crazy because you should trust the universe,
• 9:45
  you should trust us math right? So you know, you've been totally
• 9:47
  in school that math is this amazing thing that is, can, can
• 9:52
  create proofs that can be, can never, cannot be destroyed, even
• 9:56
  bought by God. And, and, and on the other side,
• 9:59
  you have a human that change every four years and might wake
• 10:01
  up one day and change the monetary policy.
• 10:04
  But still, people still prefer and, and many people prefer like
• 10:08
  the, the, the, the human money. And to me means that we are very
• 10:12
  early, but that's one of these things that could happen in the
• 10:15
  future and it's it happened a few times in the past, is the
• 10:19
  fact that could be an event in the world that will be so
• 10:22
  catastrophic that will force everyone to be onto Bitcoin very
• 10:26
  quickly. And I'm not hoping for that, of
• 10:28
  course, that would be very bad. But I think that we need to
• 10:31
  think about the fact and what we should be doing in order to
• 10:34
  prepare for even an event like that.
• 10:37
  Hopefully there will be gradual adoption, but I think we are
• 10:40
  actually not ready for a surge in Bitcoin.
• 10:44
  So I think the price we got today is the right price for
• 10:47
  today. Markets are always right, but
• 10:49
  independent from that. All right, back to the episode.
• 10:51
  Did you hear that he actually loves dips like these?
• 10:55
  He doesn't want the price to explode fast.
• 10:57
  This gives his company, one of the most profitable companies in
• 11:00
  the world, a way to gradually and continually buy more
• 11:02
  Bitcoin. He's one of the most financially
• 11:04
  savvy and powerful men in the world right now.
• 11:06
  And he's putting his money where his mouth is because every time
• 11:09
  they earn money on the interest payments, what do they do?
• 11:13
  They buy Bitcoin and gold, hard sovereign assets.
• 11:17
  And he believes that we're still early.
• 11:18
  The move from a human based currency system to a math based
• 11:21
  currency system is just beginning.
• 11:23
  So right now you may see the dislocation in the markets with
• 11:26
  gold being the best performing asset at 55% this year and
• 11:30
  Bitcoin being down 9%. But you have to take a long term
• 11:34
  view. Look at this chart.
• 11:35
  Bitcoin is no stranger to being the worst performing asset in
• 11:38
  the world. In fact, it's been the worst
• 11:40
  performing asset three other times, but look at the last 11.
• 11:43
  It's been the best performing asset in the world 11 out of the
• 11:46
  last 14 years and the best overall performing asset on this
• 11:49
  chart by a mile. Don't be shaken out of your
• 11:52
  positions. You're going to continue to hear
• 11:54
  more and more FUD like this from the CEO of Vanek.
• 11:58
  There's something else going on with the Bitcoin community that
• 12:01
  kind of non crypto people need to know about and that is
• 12:05
  ultimately Vanek has been around before Bitcoin.
• 12:08
  We will walk away from Bitcoin if we think the thesis is
• 12:11
  fundamentally broken. We don't right now, but you
• 12:13
  always have to look at the underlying technology and the
• 12:16
  crypto. Sorry, the Bitcoin community has
• 12:18
  been asking itself about is there enough encryption in
• 12:22
  Bitcoin because quantum computing is coming and so and
• 12:26
  then secondly, is there enough privacy in Bitcoin?
• 12:29
  And so a lot of Bitcoin Ogs or Maxis have been looking at Z
• 12:33
  cash and Z what's that Z Cash has is a token.
• 12:38
  It's sort of related to Bitcoin with a lot more privacy because
• 12:41
  you know, the kind of garbage that we got about Bitcoin four
• 12:44
  years ago is it's like used to for all bad illicit behaviour.
• 12:47
  But now everyone kind of realizes when you move money
• 12:50
  around on the Bitcoin blockchain, you can see it, you
• 12:53
  can see it move from one wallet to another.
• 12:55
  And a lot of people are looking for more privacy.
• 12:58
  Point #1 If quantum computing actually comes, why would we be
• 13:02
  worried about Bitcoin? First, we wouldn't be worried
• 13:04
  about nuclear codes. We wouldn't be worried about our
• 13:07
  bank accounts. We wouldn't be worried about our
• 13:09
  passcodes to every Internet service that we have in the
• 13:12
  world. We would be worried about
• 13:13
  Bitcoin, a $2 trillion asset. Next, no maxi that I know is
• 13:18
  actually talking about Z cash. Understand that this is just an
• 13:22
  IQ test, and the people who are able to sustain themselves and
• 13:26
  not look to the left or to the right during this cycle are
• 13:29
  going to be the ones that win in the long term.
• 13:32
  They'll be called stupid now, but smart 20 years from now.
• 13:35
  The battle for economic power is happening between the old guard
• 13:38
  and the new guard, and Bitcoin is at the center of it.
• 13:40
  When dollars are minted through Tether, the new weapon for the
• 13:43
  new guard, they're buying Bitcoin.
• 13:46
  What are you doing? One of the ways that you can
• 13:47
  continue earning Bitcoin while you sleep so that you don't have
• 13:50
  to just go and hit a button or buy on an exchange when you see
• 13:53
  a dip, is through mining Bitcoin.
• 13:55
  It's another way to get sats directly into your wallet
• 13:58
  without using U.S. dollars. Well, you do that through buying
• 14:01
  a state-of-the-art mining rig through SAS Mining, and they
• 14:05
  have no markups, no middle men, or no contracts in between.
• 14:08
  It's just you and your sats and your machines working for you.
• 14:11
  And if you care about the environment, they do this
• 14:13
  through 100% carbon free energy and 100% renewable energy.
• 14:17
  They're aligned with your values and they only make money as a
• 14:20
  company when you make money. Use the QR code on the screen to
• 14:24
  get started to mindsets while you sleep and become a more
• 14:27
  sovereign individual. This is Dante Cook with Bitcoin.
• 14:30
  Simply happy stacking.